Document:

Exhibit 4.2

 

HEPION PHARMACEUTICALS, INC.,

ISSUER

AND

[TRUSTEE],

TRUSTEE

INDENTURE

DATED AS OF , 20__

SUBORDINATED DEBT SECURITIES

 

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TABLE OF CONTENTS

 

	 	Page
	ARTICLE 1 DEFINITIONS	5
	Section 1.01 Definitions of Terms	5
	ARTICLE 2 ISSUE, DESCRIPTION, TERMS, EXECUTION, REGISTRATION AND EXCHANGE OF SECURITIES	8
	Section 2.01 Designation and Terms of Securities	8
	Section 2.02 Form of Securities and Trustee's Certificate	9
	Section 2.03 Denominations: Provisions for Payment	9
	Section 2.04 Execution and Authentications	10
	Section 2.05 Registration of Transfer and Exchange	11
	Section 2.06 Temporary Securities	12
	Section 2.07 Mutilated, Destroyed, Lost or Stolen Securities	12
	Section 2.08 Cancellation	12
	Section 2.09 Benefits of Indenture	12
	Section 2.10 Authenticating Agent	13
	Section 2.11 Global Securities	13
	ARTICLE 3 REDEMPTION OF SECURITIES AND SINKING FUND PROVISIONS	14
	Section 3.01 Redemption	14
	Section 3.02 Notice of Redemption	14
	Section 3.03 Payment Upon Redemption	15
	Section 3.04 Sinking Fund	15
	Section 3.05 Satisfaction of Sinking Fund Payments with Securities	15
	Section 3.06 Redemption of Securities for Sinking Fund	15
	ARTICLE 4 COVENANTS	16
	Section 4.01 Payment of Principal, Premium and Interest	16
	Section 4.02 Maintenance of Office or Agency	16
	Section 4.03 Paying Agents	16
	Section 4.04 Appointment to Fill Vacancy in Office of Trustee	17
	Section 4.05 Compliance with Consolidation Provisions	17
	ARTICLE 5 SECURITYHOLDERS' LISTS AND REPORTS BY THE
    COMPANY AND THE TRUSTEE	18
	Section 5.01 Company to Furnish Trustee Names and Addresses of Securityholders	18
	Section 5.02 Preservation Of Information; Communications With Securityholders	18
	Section 5.03 Reports by the Company	18
	Section 5.04 Reports by the Trustee	18
	ARTICLE 6 REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS ON EVENT OF DEFAULT	19
	Section 6.01 Events of Default	19
	Section 6.02 Collection of Indebtedness and Suits for Enforcement by
    Trustee	20
	Section 6.03 Application of Moneys Collected	21
	Section 6.04 Limitation on Suits	21
	Section 6.05 Rights and Remedies Cumulative; Delay or Omission Not Waiver	22
	Section 6.06 Control by Securityholders	22
	Section 6.07 Undertaking to Pay Costs	22
	ARTICLE 7 CONCERNING THE TRUSTEE	23
	Section 7.01 Certain Duties and Responsibilities of Trustee	23
	Section 7.02 Certain Rights of Trustee	23
	Section 7.03 Trustee Not Responsible for Recitals or Issuance or Securities	24
	Section 7.04 May Hold Securities	24
	Section 7.05 Moneys Held in Trust	25
	Section 7.06 Compensation and Reimbursement	25
	Section 7.07 Reliance on Officer's Certificate	25
	Section 7.08 Disqualification; Conflicting Interests	25
	Section 7.09 Corporate Trustee Required; Eligibility	25
	Section 7.10 Resignation and Removal; Appointment of Successor	26
	Section 7.11 Acceptance of Appointment By Successor	26

 

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	Section 7.12 Merger, Conversion, Consolidation or Succession
    to Business	27
	Section 7.13 Preferential Collection of Claims Against the Company	28
	Section 7.14 Notice of Default	28
	ARTICLE 8 CONCERNING THE SECURITYHOLDERS	29
	Section 8.01 Evidence of Action by Securityholders	29
	Section 8.02 Proof of Execution by Securityholders	29
	Section 8.03 Who May be Deemed Owners	29
	Section 8.04 Certain Securities Owned by Company Disregarded	30
	Section 8.05 Actions Binding on Future Securityholders	30
	ARTICLE 9 SUPPLEMENTAL INDENTURES	31
	Section 9.01 Supplemental Indentures Without the Consent of Securityholders	31
	Section 9.02 Supplemental Indentures With Consent of Securityholders	32
	Section 9.03 Effect of Supplemental Indentures	32
	Section 9.04 Securities Affected by Supplemental Indentures	32
	Section 9.05 Execution of Supplemental Indentures	33
	ARTICLE 10 SUCCESSOR ENTITY	34
	Section 10.01 Company May Consolidate, Etc	34
	Section 10.02 Successor Entity Substituted	34
	Section 10.03 Evidence of Consolidation, Etc	34
	ARTICLE 11 SATISFACTION AND DISCHARGE	35
	Section 11.01 Satisfaction and Discharge of Indenture	35
	Section 11.02 Discharge of Obligations	35
	Section 11.03 Deposited Moneys to be Held in Trust	35
	Section 11.04 Payment of Moneys Held by Paying Agents	35
	Section 11.05 Repayment to Company	36
	ARTICLE 12 IMMUNITY OF INCORPORATORS, STOCKHOLDERS, OFFICERS AND DIRECTORS	37
	Section 12.01 No Recourse	37
	ARTICLE 13 MISCELLANEOUS PROVISIONS	38
	Section 13.01 Effect on Successors and Assigns	38
	Section 13.02 Actions by Successor	38
	Section 13.03 Surrender of Company Powers	38
	Section 13.04 Notices	38
	Section 13.05 Governing Law	38
	Section 13.06 Treatment of Securities as Debt	38
	Section 13.07 Certificates and Opinions as to Conditions Precedent	38
	Section 13.08 Payments on Business Days	38
	Section 13.09 Conflict with Trust Indenture Act	39
	Section 13.10 Counterparts	39
	Section 13.11 Separability	39
	Section 13.12 Compliance Certificates	39
	ARTICLE 14 SUBORDINATION OF SECURITIES	40
	Section 14.01 Subordination Terms	40

 

 

	(1)	This Table of Contents does not constitute part of the Indenture and shall not have
any bearing on the interpretation of any of its terms or provisions.

 

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INDENTURE

 

INDENTURE , dated as of [ ·
], among Hepion Pharmaceuticals, Inc. , a Delaware corporation (the "Company"), and [ TRUSTEE ], as trustee
(the "Trustee"):

 

WHEREAS, for its lawful corporate purposes,
the Company has duly authorized the execution and delivery of this Indenture to provide for the issuance of subordinated debt securities
(hereinafter referred to as the "Securities"), in an unlimited aggregate principal amount to be issued from time to time
in one or more series as in this Indenture provided, as registered Securities without coupons, to be authenticated by the certificate
of the Trustee;

 

WHEREAS, to provide the terms and conditions
upon which the Securities are to be authenticated, issued and delivered, the Company has duly authorized the execution of this
Indenture; and

 

WHEREAS, all things necessary to make this
Indenture a valid agreement of the Company, in accordance with its terms, have been done.

 

NOW, THEREFORE, in consideration of the
premises and the purchase of the Securities by the holders thereof, it is mutually covenanted and agreed as follows for the equal
and ratable benefit of the holders of Securities:

 

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ARTICLE 1

 

DEFINITIONS

 

Section 1.01 Definitions of Terms.

 

The terms defined in this Section (except
as in this Indenture or any indenture supplemental hereto otherwise expressly provided or unless the context otherwise requires)
for all purposes of this Indenture and of any indenture supplemental hereto shall have the respective meanings specified in this
Section and shall include the plural as well as the singular. All other terms used in this Indenture that are defined in the Trust
Indenture Act of 1939, as amended, or that are by reference in such Act defined in the Securities Act of 1933, as amended (except
as herein or any indenture supplemental hereto otherwise expressly provided or unless the context otherwise requires), shall have
the meanings assigned to such terms in said Trust Indenture Act and in said Securities Act as in force at the date of the execution
of this instrument.

 

"Authenticating Agent" means
an authenticating agent with respect to all or any of the series of Securities appointed by the Trustee pursuant to Section 2.10.

 

"Bankruptcy Law" means Title
11, U.S. Code, or any similar federal or state law for the relief of debtors.

 

"Board of Directors" means the
Board of Directors of the Company or any duly authorized committee of such Board.

 

"Board Resolution" means a copy
of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been duly adopted by the Board of Directors
and to be in full force and effect on the date of such certification.

 

"Business Day" means, with respect
to any series of Securities, any day other than a day on which federal or state banking institutions in the Borough of Manhattan,
the City of New York, or in the city of the Corporate Trust Office of the Trustee, are authorized or obligated by law, executive
order or regulation to close.

 

"Certificate" means a certificate
signed by any Officer. The Certificate need not comply with the provisions of Section 13.07.

 

"Company" means Hepion Pharmaceuticals,
Inc., a corporation duly organized and existing under the laws of the State of Delaware, and, subject to the provisions of Article
Ten, shall also include its successors and assigns.

 

"Corporate Trust Office" means
the office of the Trustee at which, at any particular time, its corporate trust business shall be principally administered, which
office at the date hereof is located at.

 

"Custodian" means any receiver,
trustee, assignee, liquidator or similar official under any Bankruptcy Law.

 

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"Default" means any event, act
or condition that with notice or lapse of time, or both, would constitute an Event of Default.

 

"Defaulted Interest" has the
meaning set forth in Section 2.03.

 

"Depositary" means, with respect
to Securities of any series for which the Company shall determine that such Securities will be issued as a Global Security, The
Depository Trust Company, another clearing agency, or any successor registered as a clearing agency under the Exchange Act, or
other applicable statute or regulation, which, in each case, shall be designated by the Company pursuant to either Section 2.01
or 2.11.

 

"Event of Default" means, with
respect to Securities of a particular series, any event specified in Section 6.01, continued for the period of time, if any, therein
designated.

 

"Exchange Act" means the Securities
and Exchange Act of 1934, as amended.

 

"Global Security" means, with
respect to any series of Securities, a Security executed by the Company and delivered by the Trustee to the Depositary or pursuant
to the Depositary's instruction, all in accordance with the Indenture, which shall be registered in the name of the Depositary
or its nominee.

 

"Governmental Obligations" means
securities that are (a) direct obligations of the United States of America for the payment of which its full faith and credit is
pledged or (b) obligations of a Person controlled or supervised by and acting as an agency or instrumentality of the United States
of America, the payment of which is unconditionally guaranteed as a full faith and credit obligation by the United States of America
that, in either case, are not callable or redeemable at the option of the issuer thereof at any time prior to the stated maturity
of the Securities, and shall also include a depositary receipt issued by a bank or trust company as custodian with respect to any
such Governmental Obligation or a specific payment of principal of or interest on any such Governmental Obligation held by such
custodian for the account of the holder of such depositary receipt; provided, however, that (except as required by law) such custodian
is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received
by the custodian in respect of the Governmental Obligation or the specific payment of principal of or interest on the Governmental
Obligation evidenced by such depositary receipt.

 

"herein", "hereof"
and "hereunder", and other words of similar import, refer to this Indenture as a whole and not to any particular Article,
Section or other subdivision.

 

"Indenture" means this instrument
as originally executed or as it may from time to time be supplemented or amended by one or more indentures supplemental hereto
entered into in accordance with the terms hereof.

 

"Interest Payment Date", when
used with respect to any installment of interest on a Security of a particular series, means the date specified in such Security
or in a Board Resolution or in an indenture supplemental hereto with respect to such series as the fixed date on which an installment
of interest with respect to Securities of that series is due and payable.

 

"Officer" means, with respect
to the Company, the chairman of the Board of Directors, a chief executive officer, a president, a chief financial officer, a chief
operating officer, any executive vice president, any senior vice president, any vice president, the treasurer or any assistant
treasurer, the controller or any assistant controller or the secretary or any assistant secretary.

 

"Officer's Certificate" means
a certificate signed by any Officer. Each such certificate shall include the statements provided for in Section 13.07, if and to
the extent required by the provisions thereof.

 

"Opinion of Counsel" means an
opinion in writing subject to customary exceptions of legal counsel, who may be an employee of or counsel for the Company, that
is delivered to the Trustee in accordance with the terms hereof. Each such opinion shall include the statements provided for in
Section 13.07, if and to the extent required by the provisions thereof.

 

"Outstanding", when used with
reference to Securities of any series, means, subject to the provisions of Section 8.04, as of any particular time, all Securities
of that series theretofore authenticated and delivered by the Trustee under this Indenture, except (a) Securities theretofore canceled
by the Trustee or any paying agent, or delivered to the Trustee or any paying agent for cancellation or that have previously been
canceled; (b) Securities or portions thereof for the payment or redemption of which moneys or Governmental Obligations in the necessary
amount shall have been deposited in trust with the Trustee or with any paying agent (other than the Company) or shall have been
set aside and segregated in trust by the Company (if the Company shall act as its own paying agent); provided, however, that if
such Securities or portions of such Securities are to be redeemed prior to the maturity thereof, notice of such redemption shall
have been given as provided in Article Three, or provision satisfactory to the Trustee shall have been made for giving such notice;
and (c) Securities in lieu of or in substitution for which other Securities shall have been authenticated and delivered pursuant
to the terms of Section 2.07.

 

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"Person" means any individual,
corporation, partnership, joint venture, joint-stock company, limited liability company, association, trust, unincorporated organization,
any other entity or organization, including a government or political subdivision or an agency or instrumentality thereof.

 

"Predecessor Security" of any
particular Security means every previous Security evidencing all or a portion of the same debt as that evidenced by such particular
Security; and, for the purposes of this definition, any Security authenticated and delivered under Section 2.07 in lieu of a lost,
destroyed or stolen Security shall be deemed to evidence the same debt as the lost, destroyed or stolen Security.

 

"Responsible Officer" when used
with respect to the Trustee means the chairman of its board of directors, the chief executive officer, the president, any vice
president, the secretary, the treasurer, any trust officer, any corporate trust officer or any other officer or assistant officer
of the Trustee customarily performing functions similar to those performed by the Persons who at the time shall be such officers,
respectively, or to whom any corporate trust matter is referred because of his or her knowledge of and familiarity with the particular
subject.

 

"Securities" means the debt Securities
authenticated and delivered under this Indenture.

 

"Securityholder", "holder
of Securities", "registered holder", or other similar term, means the Person or Persons in whose name or names a
particular Security shall be registered on the books of the Company kept for that purpose in accordance with the terms of this
Indenture.

 

"Security Register" and "Security
Registrar" shall have the meanings as set forth in Section 2.05.

 

"Subsidiary" means, with respect
to any Person, (i) any corporation at least a majority of whose outstanding Voting Stock shall at the time be owned, directly or
indirectly, by such Person or by one or more of its Subsidiaries or by such Person and one or more of its Subsidiaries, (ii) any
general partnership, joint venture or similar entity, at least a majority of whose outstanding partnership or similar interests
shall at the time be owned by such Person, or by one or more of its Subsidiaries, or by such Person and one or more of its Subsidiaries
and (iii) any limited partnership of which such Person or any of its Subsidiaries is a general partner.

 

"Trustee" means , and, subject
to the provisions of Article Seven, shall also include its successors and assigns, and, if at any time there is more than one Person
acting in such capacity hereunder, "Trustee" shall mean each such Person. The term "Trustee" as used with respect
to a particular series of the Securities shall mean the trustee with respect to that series.

 

"Trust Indenture Act" means the
Trust Indenture Act of 1939, as amended.

 

"Voting Stock", as applied to
stock of any Person, means shares, interests, participations or other equivalents in the equity interest (however designated) in
such Person having ordinary voting power for the election of a majority of the directors (or the equivalent) of such Person, other
than shares, interests, participations or other equivalents having such power only by reason of the occurrence of a contingency.

 

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ARTICLE 2

 

ISSUE, DESCRIPTION, TERMS, EXECUTION,
REGISTRATION AND

EXCHANGE OF SECURITIES

 

Section 2.01 Designation and Terms of
Securities.

 

(a) The aggregate principal amount of Securities
that may be authenticated and delivered under this Indenture is unlimited. The Securities may be issued in one or more series up
to the aggregate principal amount of Securities of that series from time to time authorized by or pursuant to a Board Resolution
or pursuant to one or more indentures supplemental hereto. Prior to the initial issuance of Securities of any series, there shall
be established in or pursuant to a Board Resolution, and set forth in an Officer's Certificate, or established in one or more indentures
supplemental hereto:

 

(1) the title of the Securities of the series
(which shall distinguish the Securities of that series from all other Securities);

 

(2) any limit upon the aggregate principal
amount of the Securities of that series that may be authenticated and delivered under this Indenture (except for Securities authenticated
and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of that series);

 

 (3) the date or dates on which the
principal of the Securities of the series is payable, any original issue discount that may apply to the Securities of that series
upon their issuance, the principal amount due at maturity, and the place(s) of payment;

 

(4) the rate or rates at which the Securities
of the series shall bear interest or the manner of calculation of such rate or rates, if any;

 

(5) the date or dates from which such interest
shall accrue, the Interest Payment Dates on which such interest will be payable or the manner of determination of such Interest
Payment Dates, the place(s) of payment, and the record date for the determination of holders to whom interest is payable on any
such Interest Payment Dates or the manner of determination of such record dates;

 

(6) the right, if any, to extend the interest
payment periods and the duration of such extension;

 

(7) the period or periods within which, the
price or prices at which and the terms and conditions upon which Securities of the series may be redeemed, in whole or in part,
at the option of the Company;

 

(8) the obligation, if any, of the Company
to redeem or purchase Securities of the series pursuant to any sinking fund, mandatory redemption, or analogous provisions (including
payments made in cash in satisfaction of future sinking fund obligations) or at the option of a holder thereof and the period or
periods within which, the price or prices at which, and the terms and conditions upon which, Securities of the series shall be
redeemed or purchased, in whole or in part, pursuant to such obligation;

 

(9) the form of the Securities of the series
including the form of the Certificate of Authentication for such series;

 

(10) if other than denominations of one thousand
U.S. dollars ($1,000) or any integral multiple thereof, the denominations in which the Securities of the series shall be issuable;

 

(11) any and all other terms (including terms,
to the extent applicable, relating to any auction or remarketing of the Securities of that series and any security for the obligations
of the Company with respect to such Securities) with respect to such series (which terms shall not be inconsistent with the terms
of this Indenture, as amended by any supplemental indenture) including any terms which may be required by or advisable under United
States laws or regulations or advisable in connection with the marketing of Securities of that series;

 

(12) whether the Securities are issuable
as a Global Security and, in such case, the terms and the identity of the Depositary for such series;

 

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(13) whether the Securities will be convertible
into or exchangeable for shares of common stock, preferred stock or other securities of the Company or any other Person and, if
so, the terms and conditions upon which such Securities will be so convertible or exchangeable, including the conversion or exchange
price, as applicable, or how it will be calculated and may be adjusted, any mandatory or optional (at the Company's option or the
holders' option) conversion or exchange features, and the applicable conversion or exchange period;

 

(14) if other than the principal amount thereof,
the portion of the principal amount of Securities of the series which shall be payable upon declaration of acceleration of the
maturity thereof pursuant to Section 6.01;

 

(15) any additional or different Events of
Default or restrictive covenants (which may include, among other restrictions, restrictions on the Company's ability or the ability
of the Company's Subsidiaries to: incur additional indebtedness; issue additional securities; create liens; pay dividends or make
distributions in respect of the capital stock of the Company or the Company's Subsidiaries; redeem capital stock; place restrictions
on the Company's Subsidiaries' ability to pay dividends, make distributions or transfer assets; make investments or other restricted
payments; sell or otherwise dispose of assets; enter into sale-leaseback transactions; engage in transactions with stockholders
or affiliates; issue or sell stock of the Company's Subsidiaries; or effect a consolidation or merger) or financial covenants (which
may include, among other financial covenants, financial covenants that require the Company and its Subsidiaries to maintain specified
interest coverage, fixed charge, cash flow-based, asset-based or other financial ratios) provided for with respect to the Securities
of the series;

 

(16) if other than dollars, the coin or currency
in which the Securities of the series are denominated (including, but not limited to, foreign currency);

 

(17) the terms and conditions, if any, upon
which the Company shall pay amounts in addition to the stated interest, premium, if any and principal amounts of the Securities
of the series to any Securityholder that is not a "United States person" for federal tax purposes;

 

(18) any restrictions on transfer, sale or
assignment of the Securities of the series; and

 

(19) the subordination terms of the Securities
of the series.

 

All Securities of any one series shall
be substantially identical except as may otherwise be provided in or pursuant to any such Board Resolution or in any indentures
supplemental hereto.

 

If any of the terms of the series are established
by action taken pursuant to a Board Resolution of the Company, a copy of an appropriate record of such action shall be certified
by the secretary or an assistant secretary of the Company and delivered to the Trustee at or prior to the delivery of the Officer's
Certificate of the Company setting forth the terms of the series.

 

Securities of any particular series may
be issued at various times, with different dates on which the principal or any installment of principal is payable, with different
rates of interest, if any, or different methods by which rates of interest may be determined, with different dates on which such
interest may be payable and with different redemption dates.

 

Section 2.02 Form of Securities and
Trustee's Certificate.

 

The Securities of any series and the Trustee's
certificate of authentication to be borne by such Securities shall be substantially of the tenor and purport as set forth in one
or more indentures supplemental hereto or as provided in a Board Resolution, and set forth in an Officer's Certificate, and they
may have such letters, numbers or other marks of identification or designation and such legends or endorsements printed, lithographed
or engraved thereon as the Company may deem appropriate and as are not inconsistent with the provisions of this Indenture, or as
may be required to comply with any law or with any rule or regulation made pursuant thereto or with any rule or regulation of any
securities exchange on which Securities of that series may be listed, or to conform to usage.

 

Section 2.03 Denominations: Provisions
for Payment.

 

The Securities shall be issuable as registered
Securities and in the denominations of one thousand U.S. dollars ($1,000) or any integral multiple thereof, subject to Section
2.01(a)(10). The Securities of a particular series shall bear interest payable on the dates and at the rate specified with respect
to that series. Subject to Section 2.01(a)(16), the principal of and the interest on the Securities of any series, as well as any
premium thereon in case of redemption thereof prior to maturity, shall be payable in the coin or currency of the United States
of America that at the time is legal tender for public and private debt, at the office or agency of the Company maintained for
that purpose. Each Security shall be dated the date of its authentication. Interest on the Securities shall be computed on the
basis of a 360-day year composed of twelve 30-day months.

 

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The interest installment on any Security
that is payable, and is punctually paid or duly provided for, on any Interest Payment Date for Securities of that series shall
be paid to the Person in whose name said Security (or one or more Predecessor Securities) is registered at the close of business
on the regular record date for such interest installment. In the event that any Security of a particular series or portion thereof
is called for redemption and the redemption date is subsequent to a regular record date with respect to any Interest Payment Date
and prior to such Interest Payment Date, interest on such Security will be paid upon presentation and surrender of such Security
as provided in Section 3.03.

 

Any interest on any Security that is payable,
but is not punctually paid or duly provided for, on any Interest Payment Date for Securities of the same series (herein called
 "Defaulted Interest") shall forthwith cease to be payable to the registered holder on the relevant regular record date
by virtue of having been such holder; and such Defaulted Interest shall be paid by the Company, at its election, as provided in
clause (1) or clause (2) below:

 

(1) The Company may make payment of any Defaulted
Interest on Securities to the Persons in whose names such Securities (or their respective Predecessor Securities) are registered
at the close of business on a special record date for the payment of such Defaulted Interest, which shall be fixed in the following
manner: the Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid on each such Security
and the date of the proposed payment, and at the same time the Company shall deposit with the Trustee an amount of money equal
to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the
Trustee for such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit
of the Persons entitled to such Defaulted Interest as in this clause provided. Thereupon the Trustee shall fix a special record
date for the payment of such Defaulted Interest which shall not be more than 15 nor less than 10 days prior to the date of the
proposed payment and not less than 10 days after the receipt by the Trustee of the notice of the proposed payment. The Trustee
shall promptly notify the Company of such special record date and, in the name and at the expense of the Company, shall cause notice
of the proposed payment of such Defaulted Interest and the special record date therefor to be mailed, first class postage prepaid,
to each Securityholder at his or her address as it appears in the Security Register (as hereinafter defined), not less than 10
days prior to such special record date. Notice of the proposed payment of such Defaulted Interest and the special record date therefor
having been mailed as aforesaid, such Defaulted Interest shall be paid to the Persons in whose names such Securities (or their
respective Predecessor Securities) are registered on such special record date.

 

(2) The Company may make payment of any Defaulted
Interest on any Securities in any other lawful manner not inconsistent with the requirements of any securities exchange on which
such Securities may be listed, and upon such notice as may be required by such exchange, if, after notice given by the Company
to the Trustee of the proposed payment pursuant to this clause, such manner of payment shall be deemed practicable by the Trustee.

 

Unless otherwise set forth in a Board Resolution
or one or more indentures supplemental hereto establishing the terms of any series of Securities pursuant to Section 2.01 hereof,
the term "regular record date" as used in this Section with respect to a series of Securities and any Interest Payment
Date for such series shall mean either the fifteenth day of the month immediately preceding the month in which an Interest Payment
Date established for such series pursuant to Section 2.01 hereof shall occur, if such Interest Payment Date is the first day of
a month, or the first day of the month in which an Interest Payment Date established for such series pursuant to Section 2.01 hereof
shall occur, if such Interest Payment Date is the fifteenth day of a month, whether or not such date is a Business Day.

 

Subject to the foregoing provisions of
this Section, each Security of a series delivered under this Indenture upon transfer of or in exchange for or in lieu of any other
Security of such series shall carry the rights to interest accrued and unpaid, and to accrue, that were carried by such other Security.

 

Section 2.04 Execution and Authentications.

 

The Securities shall be signed on behalf
of the Company by one of its Officers. Signatures may be in the form of a manual or facsimile signature.

 

The Company may use the facsimile signature
of any Person who shall have been an Officer, notwithstanding the fact that at the time the Securities shall be authenticated and
delivered or disposed of such Person shall have ceased to be such an officer of the Company. The Securities may contain such notations,
legends or endorsements required by law, stock exchange rule or usage. Each Security shall be dated the date of its authentication
by the Trustee.

 

    	 	 -10-	 

    

    
 

A Security shall not be valid until authenticated
manually by an authorized signatory of the Trustee, or by an Authenticating Agent. Such signature shall be conclusive evidence
that the Security so authenticated has been duly authenticated and delivered hereunder and that the holder is entitled to the benefits
of this Indenture. At any time and from time to time after the execution and delivery of this Indenture, the Company may deliver
Securities of any series executed by the Company to the Trustee for authentication, together with a written order of the Company
for the authentication and delivery of such Securities, signed by an Officer, and the Trustee in accordance with such written order
shall authenticate and deliver such Securities.

 

In authenticating such Securities and accepting
the additional responsibilities under this Indenture in relation to such Securities, the Trustee shall be entitled to receive,
if requested, and (subject to Section 7.01) shall be fully protected in relying upon, an Opinion of Counsel stating that the form
and terms thereof have been established in conformity with the provisions of this Indenture.

 

The Trustee shall not be required to authenticate
such Securities if the issue of such Securities pursuant to this Indenture will affect the Trustee's own rights, duties or immunities
under the Securities and this Indenture or otherwise in a manner that is not reasonably acceptable to the Trustee.

 

Section 2.05 Registration of Transfer
and Exchange.

 

(a) Securities of any series may be exchanged
upon presentation thereof at the office or agency of the Company designated for such purpose, for other Securities of such series
of authorized denominations, and for a like aggregate principal amount, upon payment of a sum sufficient to cover any tax or other
governmental charge in relation thereto, all as provided in this Section. In respect of any Securities so surrendered for exchange,
the Company shall execute, the Trustee shall authenticate and such office or agency shall deliver in exchange therefor the Security
or Securities of the same series that the Securityholder making the exchange shall be entitled to receive, bearing numbers not
contemporaneously outstanding.

 

(b) The Company shall keep, or cause to
be kept, at its office or agency designated for such purpose a register or registers (herein referred to as the "Security
Register") in which, subject to such reasonable regulations as it may prescribe, the Company shall register the Securities
and the transfers of Securities as in this Article provided and which at all reasonable times shall be open for inspection by the
Trustee. The registrar for the purpose of registering Securities and transfer of Securities as herein provided shall be appointed
as authorized by Board Resolution (the "Security Registrar").

 

Upon surrender for transfer of any Security
at the office or agency of the Company designated for such purpose, the Company shall execute, the Trustee shall authenticate and
such office or agency shall deliver in the name of the transferee or transferees a new Security or Securities of the same series
as the Security presented for a like aggregate principal amount.

 

All Securities presented or surrendered
for exchange or registration of transfer, as provided in this Section, shall be accompanied (if so required by the Company or the
Security Registrar) by a written instrument or instruments of transfer, in form satisfactory to the Company or the Security Registrar,
duly executed by the registered holder or by such holder's duly authorized attorney in writing.

 

(c) Except as provided pursuant to Section
2.01 pursuant to a Board Resolution, and set forth in an Officer's Certificate, or established in one or more indentures supplemental
to this Indenture, no service charge shall be made for any exchange or registration of transfer of Securities, or issue of new
Securities in case of partial redemption of any series, but the Company may require payment of a sum sufficient to cover any tax
or other governmental charge in relation thereto, other than exchanges pursuant to Section 2.06, Section 3.03(b) and Section 9.04
not involving any transfer.

 

(d) The Company shall not be required (i)
to issue, exchange or register the transfer of any Securities during a period beginning at the opening of business 15 days before
the day of the mailing of a notice of redemption of less than all the Outstanding Securities of the same series and ending at the
close of business on the day of such mailing, nor (ii) to register the transfer of or exchange any Securities of any series or
portions thereof called for redemption, other than the unredeemed portion of any such Securities being redeemed in part. The provisions
of this Section 2.05 are, with respect to any Global Security, subject to Section 2.11 hereof.

 

    	 	 -11-	 

    

    
 

Section 2.06 Temporary Securities.

 

Pending the preparation of definitive Securities
of any series, the Company may execute, and the Trustee shall authenticate and deliver, temporary Securities (printed, lithographed
or typewritten) of any authorized denomination. Such temporary Securities shall be substantially in the form of the definitive
Securities in lieu of which they are issued, but with such omissions, insertions and variations as may be appropriate for temporary
Securities, all as may be determined by the Company. Every temporary Security of any series shall be executed by the Company and
be authenticated by the Trustee upon the same conditions and in substantially the same manner, and with like effect, as the definitive
Securities of such series. Without unnecessary delay the Company will execute and will furnish definitive Securities of such series
and thereupon any or all temporary Securities of such series may be surrendered in exchange therefor (without charge to the holders),
at the office or agency of the Company designated for the purpose, and the Trustee shall authenticate and such office or agency
shall deliver in exchange for such temporary Securities an equal aggregate principal amount of definitive Securities of such series,
unless the Company advises the Trustee to the effect that definitive Securities need not be executed and furnished until further
notice from the Company. Until so exchanged, the temporary Securities of such series shall be entitled to the same benefits under
this Indenture as definitive Securities of such series authenticated and delivered hereunder.

 

Section 2.07 Mutilated, Destroyed, Lost
or Stolen Securities.

 

In case any temporary or definitive Security
shall become mutilated or be destroyed, lost or stolen, the Company (subject to the next succeeding sentence) shall execute, and
upon the Company's request the Trustee (subject as aforesaid) shall authenticate and deliver, a new Security of the same series,
bearing a number not contemporaneously outstanding, in exchange and substitution for the mutilated Security, or in lieu of and
in substitution for the Security so destroyed, lost or stolen. In every case the applicant for a substituted Security shall furnish
to the Company and the Trustee such security or indemnity as may be required by them to save each of them harmless, and, in every
case of destruction, loss or theft, the applicant shall also furnish to the Company and the Trustee evidence to their satisfaction
of the destruction, loss or theft of the applicant's Security and of the ownership thereof. The Trustee may authenticate any such
substituted Security and deliver the same upon the written request or authorization of any officer of the Company. Upon the issuance
of any substituted Security, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge
that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith.

 

In case any Security that has matured or
is about to mature shall become mutilated or be destroyed, lost or stolen, the Company may, instead of issuing a substitute Security,
pay or authorize the payment of the same (without surrender thereof except in the case of a mutilated Security) if the applicant
for such payment shall furnish to the Company and the Trustee such security or indemnity as they may require to save them harmless,
and, in case of destruction, loss or theft, evidence to the satisfaction of the Company and the Trustee of the destruction, loss
or theft of such Security and of the ownership thereof.

 

Every replacement Security issued pursuant
to the provisions of this Section shall constitute an additional contractual obligation of the Company whether or not the mutilated,
destroyed, lost or stolen Security shall be found at any time, or be enforceable by anyone, and shall be entitled to all the benefits
of this Indenture equally and proportionately with any and all other Securities of the same series duly issued hereunder. All Securities
shall be held and owned upon the express condition that the foregoing provisions are exclusive with respect to the replacement
or payment of mutilated, destroyed, lost or stolen Securities, and shall preclude (to the extent lawful) any and all other rights
or remedies, notwithstanding any law or statute existing or hereafter enacted to the contrary with respect to the replacement or
payment of negotiable instruments or other securities without their surrender.

 

Section 2.08 Cancellation.

 

All Securities surrendered for the purpose
of payment, redemption, exchange or registration of transfer shall, if surrendered to the Company or any paying agent, be delivered
to the Trustee for cancellation, or, if surrendered to the Trustee, shall be cancelled by it, and no Securities shall be issued
in lieu thereof except as expressly required or permitted by any of the provisions of this Indenture. On request of the Company
at the time of such surrender, the Trustee shall deliver to the Company canceled Securities held by the Trustee. In the absence
of such request the Trustee may dispose of canceled Securities in accordance with its standard procedures and deliver a certificate
of disposition to the Company. If the Company shall otherwise acquire any of the Securities, however, such acquisition shall not
operate as a redemption or satisfaction of the indebtedness represented by such Securities unless and until the same are delivered
to the Trustee for cancellation.

 

Section 2.09 Benefits of Indenture.

 

Nothing in this Indenture or in the Securities,
express or implied, shall give or be construed to give to any Person, other than the parties hereto and the holders of the Securities
(and, with respect to the provisions of Article Fourteen, the holders of any indebtedness of the Company to which the Securities
of any series are subordinated) any legal or equitable right, remedy or claim under or in respect of this Indenture, or under any
covenant, condition or provision herein contained; all such covenants, conditions and provisions being for the sole benefit of
the parties hereto and of the holders of the Securities (and, with respect to the provisions of Article Fourteen, the holders of
any indebtedness of the Company to which the Securities of any series are subordinated).

 

    	 	 -12-	 

    

    

 

Section 2.10 Authenticating Agent.

 

So long as any of the Securities of any
series remain Outstanding there may be an Authenticating Agent for any or all such series of Securities which the Trustee shall
have the right to appoint. Said Authenticating Agent shall be authorized to act on behalf of the Trustee to authenticate Securities
of such series issued upon exchange, transfer or partial redemption thereof, and Securities so authenticated shall be entitled
to the benefits of this Indenture and shall be valid and obligatory for all purposes as if authenticated by the Trustee hereunder.
All references in this Indenture to the authentication of Securities by the Trustee shall be deemed to include authentication by
an Authenticating Agent for such series. Each Authenticating Agent shall be acceptable to the Company and shall be a corporation
that has a combined capital and surplus, as most recently reported or determined by it, sufficient under the laws of any jurisdiction
under which it is organized or in which it is doing business to conduct a trust business, and that is otherwise authorized under
such laws to conduct such business and is subject to supervision or examination by federal or state authorities. If at any time
any Authenticating Agent shall cease to be eligible in accordance with these provisions, it shall resign immediately.

 

Any Authenticating Agent may at any time
resign by giving written notice of resignation to the Trustee and to the Company. The Trustee may at any time (and upon request
by the Company shall) terminate the agency of any Authenticating Agent by giving written notice of termination to such Authenticating
Agent and to the Company. Upon resignation, termination or cessation of eligibility of any Authenticating Agent, the Trustee may
appoint an eligible successor Authenticating Agent acceptable to the Company. Any successor Authenticating Agent, upon acceptance
of its appointment hereunder, shall become vested with all the rights, powers and duties of its predecessor hereunder as if originally
named as an Authenticating Agent pursuant hereto.

 

Section 2.11 Global Securities.

 

(a) If the Company shall establish pursuant
to Section 2.01 that the Securities of a particular series are to be issued as a Global Security, then the Company shall execute
and the Trustee shall, in accordance with Section 2.04, authenticate and deliver, a Global Security that (i) shall represent, and
shall be denominated in an amount equal to the aggregate principal amount of, all of the Outstanding Securities of such series,
(ii) shall be registered in the name of the Depositary or its nominee, (iii) shall be delivered by the Trustee to the Depositary
or pursuant to the Depositary's instruction and (iv) shall bear a legend substantially to the following effect: "Except as
otherwise provided in Section 2.11 of the Indenture, this Security may be transferred, in whole but not in part, only to another
nominee of the Depositary or to a successor Depositary or to a nominee of such successor Depositary."

 

(b) Notwithstanding the provisions of Section
2.05, the Global Security of a series may be transferred, in whole but not in part and in the manner provided in Section 2.05,
only to another nominee of the Depositary for such series, or to a successor Depositary for such series selected or approved by
the Company or to a nominee of such successor Depositary.

 

(c) If at any time the Depositary for a
series of the Securities notifies the Company that it is unwilling or unable to continue as Depositary for such series or if at
any time the Depositary for such series shall no longer be registered or in good standing under the Exchange Act, or other applicable
statute or regulation, and a successor Depositary for such series is not appointed by the Company within 90 days after the Company
receives such notice or becomes aware of such condition, as the case may be, or if an Event of Default has occurred and is continuing
and the Company has received a request from the Depositary or from the Trustee, this Section 2.11 shall no longer be applicable
to the Securities of such series and the Company will execute, and subject to Section 2.04, the Trustee will authenticate and deliver
the Securities of such series in definitive registered form without coupons, in authorized denominations, and in an aggregate principal
amount equal to the principal amount of the Global Security of such series in exchange for such Global Security. In addition, the
Company may at any time determine that the Securities of any series shall no longer be represented by a Global Security and that
the provisions of this Section 2.11 shall no longer apply to the Securities of such series. In such event the Company will execute
and, subject to Section 2.04, the Trustee, upon receipt of an Officer's Certificate evidencing such determination by the Company,
will authenticate and deliver the Securities of such series in definitive registered form without coupons, in authorized denominations,
and in an aggregate principal amount equal to the principal amount of the Global Security of such series in exchange for such Global
Security. Upon the exchange of the Global Security for such Securities in definitive registered form without coupons, in authorized
denominations, the Global Security shall be canceled by the Trustee. Such Securities in definitive registered form issued in exchange
for the Global Security pursuant to this Section 2.11(c) shall be registered in such names and in such authorized denominations
as the Depositary, pursuant to instructions from its direct or indirect participants or otherwise, shall instruct the Trustee.
The Trustee shall deliver such Securities to the Depositary for delivery to the Persons in whose names such Securities are so registered.

 

    	 	 -13-	 

    

    

 

ARTICLE 3

 

REDEMPTION OF SECURITIES AND SINKING
FUND PROVISIONS

 

Section 3.01 Redemption.

 

The Company may redeem the Securities of
any series issued hereunder on and after the dates and in accordance with the terms established for such series pursuant to Section
2.01 hereof.

 

Section 3.02 Notice of Redemption.

 

(a) In case the Company shall desire to
exercise such right to redeem all or, as the case may be, a portion of the Securities of any series in accordance with any right
the Company reserved for itself to do so pursuant to Section 2.01 hereof, the Company shall, or shall cause the Trustee to, give
notice of such redemption to holders of the Securities of such series to be redeemed by mailing, first class postage prepaid, a
notice of such redemption not less than 30 days and not more than 90 days before the date fixed for redemption of that series to
such holders at their last addresses as they shall appear upon the Security Register, unless a shorter period is specified in the
Securities to be redeemed. Any notice that is mailed in the manner herein provided shall be conclusively presumed to have been
duly given, whether or not the registered holder receives the notice. In any case, failure duly to give such notice to the holder
of any Security of any series designated for redemption in whole or in part, or any defect in the notice, shall not affect the
validity of the proceedings for the redemption of any other Securities of such series or any other series. In the case of any redemption
of Securities prior to the expiration of any restriction on such redemption provided in the terms of such Securities or elsewhere
in this Indenture, the Company shall furnish the Trustee with an Officer's Certificate evidencing compliance with any such restriction.

 

Each such notice of redemption shall specify
the date fixed for redemption and the redemption price at which Securities of that series are to be redeemed, and shall state that
payment of the redemption price of such Securities to be redeemed will be made at the office or agency of the Company, upon presentation
and surrender of such Securities, that interest accrued to the date fixed for redemption will be paid as specified in said notice,
that from and after said date interest will cease to accrue and that the redemption is from a sinking fund, if such is the case.
If less than all the Securities of a series are to be redeemed, the notice to the holders of Securities of that series to be redeemed
in part shall specify the particular Securities to be so redeemed.

 

In case any Security is to be redeemed
in part only, the notice that relates to such Security shall state the portion of the principal amount thereof to be redeemed,
and shall state that on and after the redemption date, upon surrender of such Security, a new Security or Securities of such series
in principal amount equal to the unredeemed portion thereof will be issued.

 

(b) If less than all the Securities of
a series are to be redeemed, the Company shall give the Trustee at least 45 days' notice (unless a shorter notice shall be satisfactory
to the Trustee) in advance of the date fixed for redemption as to the aggregate principal amount of Securities of the series to
be redeemed, and thereupon the Trustee shall select, by lot or in such other manner as it shall deem appropriate and fair in its
discretion and that may provide for the selection of a portion or portions (equal to one thousand U.S. dollars ($1,000) or any
integral multiple thereof) of the principal amount of such Securities of a denomination larger than $1,000, the Securities to be
redeemed and shall thereafter promptly notify the Company in writing of the numbers of the Securities to be redeemed, in whole
or in part. The Company may, if and whenever it shall so elect, by delivery of instructions signed on its behalf by an Officer,
instruct the Trustee or any paying agent to call all or any part of the Securities of a particular series for redemption and to
give notice of redemption in the manner set forth in this Section, such notice to be in the name of the Company or its own name
as the Trustee or such paying agent may deem advisable. In any case in which notice of redemption is to be given by the Trustee
or any such paying agent, the Company shall deliver or cause to be delivered to, or permit to remain with, the Trustee or such
paying agent, as the case may be, such Security Register, transfer books or other records, or suitable copies or extracts therefrom,
sufficient to enable the Trustee or such paying agent to give any notice by mail that may be required under the provisions of this
Section.

 

    	 	 -14-	 

    

    

 

Section 3.03 Payment Upon Redemption.

 

(a) If the giving of notice of redemption
shall have been completed as above provided, the Securities or portions of Securities of the series to be redeemed specified in
such notice shall become due and payable on the date and at the place stated in such notice at the applicable redemption price,
together with interest accrued to the date fixed for redemption and interest on such Securities or portions of Securities shall
cease to accrue on and after the date fixed for redemption, unless the Company shall default in the payment of such redemption
price and accrued interest with respect to any such Security or portion thereof. On presentation and surrender of such Securities
on or after the date fixed for redemption at the place of payment specified in the notice, said Securities shall be paid and redeemed
at the applicable redemption price for such series, together with interest accrued thereon to the date fixed for redemption (but
if the date fixed for redemption is an interest payment date, the interest installment payable on such date shall be payable to
the registered holder at the close of business on the applicable record date pursuant to Section 2.03).

 

(b) Upon presentation of any Security of
such series that is to be redeemed in part only, the Company shall execute and the Trustee shall authenticate and the office or
agency where the Security is presented shall deliver to the holder thereof, at the expense of the Company, a new Security of the
same series of authorized denominations in principal amount equal to the unredeemed portion of the Security so presented.

 

Section 3.04 Sinking Fund.

 

The provisions of Sections 3.04, 3.05 and
3.06 shall be applicable to any sinking fund for the retirement of Securities of a series, except as otherwise specified as contemplated
by Section 2.01 for Securities of such series.

 

The minimum amount of any sinking fund
payment provided for by the terms of Securities of any series is herein referred to as a "mandatory sinking fund payment,"
and any payment in excess of such minimum amount provided for by the terms of Securities of any series is herein referred to as
an "optional sinking fund payment". If provided for by the terms of Securities of any series, the cash amount of any
sinking fund payment may be subject to reduction as provided in Section 3.05. Each sinking fund payment shall be applied to the
redemption of Securities of any series as provided for by the terms of Securities of such series.

 

Section 3.05 Satisfaction of Sinking
Fund Payments with Securities.

 

The Company (i) may deliver Outstanding
Securities of a series and (ii) may apply as a credit Securities of a series that have been redeemed either at the election of
the Company pursuant to the terms of such Securities or through the application of permitted optional sinking fund payments pursuant
to the terms of such Securities, in each case in satisfaction of all or any part of any sinking fund payment with respect to the
Securities of such series required to be made pursuant to the terms of such Securities as provided for by the terms of such series,
provided that such Securities have not been previously so credited. Such Securities shall be received and credited for such purpose
by the Trustee at the redemption price specified in such Securities for redemption through operation of the sinking fund and the
amount of such sinking fund payment shall be reduced accordingly.

 

Section 3.06 Redemption of Securities
for Sinking Fund.

 

Not less than 45 days prior to each sinking
fund payment date for any series of Securities (unless a shorter period shall be satisfactory to the Trustee), the Company will
deliver to the Trustee an Officer's Certificate specifying the amount of the next ensuing sinking fund payment for that series
pursuant to the terms of the series, the portion thereof, if any, that is to be satisfied by delivering and crediting Securities
of that series pursuant to Section 3.05 and the basis for such credit and will, together with such Officer's Certificate, deliver
to the Trustee any Securities to be so delivered. Not less than 30 days before each such sinking fund payment date the Trustee
shall select the Securities to be redeemed upon such sinking fund payment date in the manner specified in Section 3.02 and cause
notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section
3.02. Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated
in Section 3.03.

 

    	 	 -15-	 

    

    

 

ARTICLE 4

 

COVENANTS

 

Section 4.01 Payment of Principal, Premium
and Interest.

 

The Company will duly and punctually pay
or cause to be paid the principal of (and premium, if any) and interest on the Securities of that series at the time and place
and in the manner provided herein and established with respect to such Securities.

 

Payments of principal on the Securities
may be made at the time provided herein and established with respect to such Securities by U.S. dollar check drawn on and mailed
to the address of the Securityholder entitled thereto as such address shall appear in the Security Register, or U.S. dollar wire
transfer to, a U.S. dollar account (such wire transfer to be made only to a Securityholder of an aggregate principal amount of
Securities of the applicable series in excess of U.S. $2,000,000 and only if such Securityholder shall have furnished wire instructions
to the Trustee no later than 15 days prior to the relevant payment date). Payments of interest on the Securities may be made at
the time provided herein and established with respect to such Securities by U.S. dollar check mailed to the address of the Securityholder
entitled thereto as such address shall appear in the Security Register, or U.S. dollar wire transfer to, a U.S. dollar account
(such a wire transfer to be made only to a Securityholder of an aggregate principal amount of Securities of the applicable series
in excess of U.S. $2,000,000 and only if such Securityholder shall have furnished wire instructions in writing to the Security
Registrar and the Trustee no later than 15 days prior to the relevant payment date.

 

Section 4.02 Maintenance of
Office or Agency.

 

So long as any series of the Securities remain Outstanding,
the Company agrees to maintain an office or agency with respect to each such series and at such other location or locations as
may be designated as provided in this Section 4.02, where (i) Securities of that series may be presented for payment, (ii) Securities
of that series may be presented as herein above authorized for registration of transfer and exchange, and (iii) notices and demands
to or upon the Company in respect of the Securities of that series and this Indenture may be given or served, such designation
to continue with respect to such office or agency until the Company shall, by written notice signed by any officer authorized to
sign an Officer's Certificate and delivered to the Trustee, designate some other office or agency for such purposes or any of them.
If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with
the address thereof, such presentations, notices and demands may be made or served at the Corporate Trust Office of the Trustee,
and the Company hereby appoints the Trustee as its agent to receive all such presentations, notices and demands. The Company initially
appoints the Corporate Trust Office of the Trustee as its paying agent with respect to the Securities.

 

Section 4.03 Paying Agents.

 

(a) If the Company shall appoint one or
more paying agents for all or any series of the Securities, other than the Trustee, the Company will cause each such paying agent
to execute and deliver to the Trustee an instrument in which such agent shall agree with the Trustee, subject to the provisions
of this Section:

 

(1) that it will hold all sums held by it
as such agent for the payment of the principal of (and premium, if any) or interest on the Securities of that series (whether such
sums have been paid to it by the Company or by any other obligor of such Securities) in trust for the benefit of the Persons entitled
thereto;

 

(2) that it will give the Trustee notice
of any failure by the Company (or by any other obligor of such Securities) to make any payment of the principal of (and premium,
if any) or interest on the Securities of that series when the same shall be due and payable;

 

(3) that it will, at any time during the
continuance of any failure referred to in the preceding paragraph (a)(2) above, upon the written request of the Trustee, forthwith
pay to the Trustee all sums so held in trust by such paying agent; and

 

(4) that it will perform all other duties
of paying agent as set forth in this Indenture.

 

(b) If the Company shall act as its own
paying agent with respect to any series of the Securities, it will on or before each due date of the principal of (and premium,
if any) or interest on Securities of that series, set aside, segregate and hold in trust for the benefit of the Persons entitled
thereto a sum sufficient to pay such principal (and premium, if any) or interest so becoming due on Securities of that series until
such sums shall be paid to such Persons or otherwise disposed of as herein provided and will promptly notify the Trustee of such
action, or any failure (by it or any other obligor on such Securities) to take such action. Whenever the Company shall have one
or more paying agents for any series of Securities, it will, prior to each due date of the principal of (and premium, if any) or
interest on any Securities of that series, deposit with the paying agent a sum sufficient to pay the principal (and premium, if
any) or interest so becoming due, such sum to be held in trust for the benefit of the Persons entitled to such principal, premium
or interest, and (unless such paying agent is the Trustee) the Company will promptly notify the Trustee of this action or failure
so to act.

 

    	 	 -16-	 

    

    

 

(c) Notwithstanding anything in this Section
to the contrary, (i) the agreement to hold sums in trust as provided in this Section is subject to the provisions of Section 11.05,
and (ii) the Company may at any time, for the purpose of obtaining the satisfaction and discharge of this Indenture or for any
other purpose, pay, or direct any paying agent to pay, to the Trustee all sums held in trust by the Company or such paying agent,
such sums to be held by the Trustee upon the same terms and conditions as those upon which such sums were held by the Company or
such paying agent; and, upon such payment by the Company or any paying agent to the Trustee, the Company or such paying agent shall
be released from all further liability with respect to such money.

 

Section 4.04 Appointment to
Fill Vacancy in Office of Trustee.

 

The Company, whenever necessary to avoid
or fill a vacancy in the office of Trustee, will appoint, in the manner provided in Section 7.10, a Trustee, so that there shall
at all times be a Trustee hereunder.

 

Section 4.05 Compliance with Consolidation
Provisions.

 

The Company will not, while any of the
Securities remain Outstanding, consolidate with or merge into any other Person, in either case where the Company is not the survivor
of such transaction, or sell or convey all or substantially all of its property to any other Person unless the provisions of Article
Ten hereof are complied with.

 

    	 	 -17-	 

    

    

 

ARTICLE 5

 

SECURITYHOLDERS' LISTS AND REPORTS BY
THE COMPANY AND THE TRUSTEE

 

Section 5.01 Company to Furnish Trustee
Names and Addresses of Securityholders.

 

The Company will furnish or cause to be
furnished to the Trustee (a) within 15 days after each regular record date (as defined in Section 2.03) a list, in such form as
the Trustee may reasonably require, of the names and addresses of the holders of each series of Securities as of such regular record
date, provided that the Company shall not be obligated to furnish or cause to furnish such list at any time that the list shall
not differ in any respect from the most recent list furnished to the Trustee by the Company and (b) at such other times as the
Trustee may request in writing within 30 days after the receipt by the Company of any such request, a list of similar form and
content as of a date not more than 15 days prior to the time such list is furnished; provided, however, that, in either case, no
such list need be furnished for any series for which the Trustee shall be the Security Registrar.

 

Section 5.02 Preservation Of Information;
Communications With Securityholders.

 

(a) The Trustee shall preserve, in as current
a form as is reasonably practicable, all information as to the names and addresses of the holders of Securities contained in the
most recent list furnished to it as provided in Section 5.01 and as to the names and addresses of holders of Securities received
by the Trustee in its capacity as Security Registrar (if acting in such capacity).

 

(b) The Trustee may destroy any list furnished
to it as provided in Section 5.01 upon receipt of a new list so furnished.

 

(c) Securityholders may communicate as
provided in Section 312(b) of the Trust Indenture Act with other Securityholders with respect to their rights under this Indenture
or under the Securities, and, in connection with any such communications, the Trustee shall satisfy its obligations under Section
312(b) of the Trust Indenture Act in accordance with the provisions of Section 312(b) of the Trust Indenture Act.

 

Section 5.03 Reports by the Company.

 

The Company covenants and agrees to provide
(which delivery may be via electronic mail) to the Trustee, after the Company files the same with the Securities and Exchange Commission,
copies of the annual reports and of the information, documents and other reports (or copies of such portions of any of the foregoing
as the Securities and Exchange Commission may from time to time by rules and regulations prescribe) that the Company files with
the Securities and Exchange Commission pursuant to Section 13 or Section 15(d) of the Exchange Act; provided, however, the Company
shall not be required to deliver to the Trustee any materials for which the Company has sought and received confidential treatment
by the Securities and Exchange Commission; and provided further, so long as such filings by the Company are available on the Securities
and Exchange Commission's Electronic Data Gathering, Analysis and Retrieval System (EDGAR), such filings shall be deemed to have
been filed with the Trustee for purposes of this Section 5.03 without any further action required by the Company.

 

Section 5.04 Reports by the
Trustee.

 

(a) If required by Section 313(a) of the
Trust Indenture Act, the Trustee, within sixty (60) days after each May 1, shall transmit by mail, first class postage prepaid,
to the Securityholders, as their names and addresses appear upon the Security Register, a brief report dated as of such May 1,
which complies with Section 313(a) of the Trust Indenture Act.

 

(b) The Trustee shall comply with Section
313(b) and 313(c) of the Trust Indenture Act.

 

(c) A copy of each such report shall, at
the time of such transmission to Securityholders, be filed by the Trustee with the Company, with each securities exchange upon
which any Securities are listed (if so listed) and also with the Securities and Exchange Commission. The Company agrees to notify
the Trustee when any Securities become listed on any securities exchange.

 

    	 	 -18-	 

    

    

 

ARTICLE 6

 

REMEDIES OF THE TRUSTEE AND SECURITYHOLDERS
ON EVENT OF DEFAULT

 

Section 6.01 Events of Default.

 

(a) Whenever used herein with respect to
Securities of a particular series, "Event of Default" means any one or more of the following events that has occurred
and is continuing:

 

(1) the Company defaults in the payment of
any installment of interest upon any of the Securities of that series, as and when the same shall become due and payable, and such
default continues for a period of 90 days; provided, however, that a valid extension of an interest payment period by the Company
in accordance with the terms of any indenture supplemental hereto shall not constitute a default in the payment of interest for
this purpose;

 

(2) the Company defaults in the payment of
the principal of (or premium, if any, on) any of the Securities of that series as and when the same shall become due and payable
whether at maturity, upon redemption, by declaration or otherwise, or in any payment required by any sinking or analogous fund
established with respect to that series; provided, however, that a valid extension of the maturity of such Securities in accordance
with the terms of any indenture supplemental hereto shall not constitute a default in the payment of principal or premium, if any;

 

(3) the Company fails to observe or perform
any other of its covenants or agreements with respect to that series contained in this Indenture or otherwise established with
respect to that series of Securities pursuant to Section 2.01 hereof (other than a covenant or agreement that has been expressly
included in this Indenture solely for the benefit of one or more series of Securities other than such series) for a period of 90
days after the date on which written notice of such failure, requiring the same to be remedied and stating that such notice is
a "Notice of Default" hereunder, shall have been given to the Company by the Trustee, by registered or certified mail,
or to the Company and the Trustee by the holders of at least 25% in principal amount of the Securities of that series at the time
Outstanding;

 

(4) the Company pursuant to or within the
meaning of any Bankruptcy Law (i) commences a voluntary case, (ii) consents to the entry of an order for relief against it in an
involuntary case, (iii) consents to the appointment of a Custodian of it or for all or substantially all of its property or (iv)
makes a general assignment for the benefit of its creditors; or

 

(5) a court of competent jurisdiction enters
an order under any Bankruptcy Law that (i) is for relief against the Company in an involuntary case, (ii) appoints a Custodian
of the Company for all or substantially all of its property or (iii) orders the liquidation of the Company, and the order or decree
remains unstayed and in effect for 90 days.

 

(b) In each and every such case (other than
an Event of Default specified in clause (4) or clause (5) above), unless the principal of all the Securities of that series shall
have already become due and payable, either the Trustee or the holders of not less than 25% in aggregate principal amount of the
Securities of that series then Outstanding hereunder, by notice in writing to the Company (and to the Trustee if given by such
Securityholders), may declare the principal of (and premium, if any, on) and accrued and unpaid interest on all the Securities
of that series to be due and payable immediately, and upon any such declaration the same shall become and shall be immediately
due and payable. If an Event of Default specified in clause (4) or clause (5) above occurs, the principal of and accrued and unpaid
interest on all the Securities of that series shall automatically be immediately due and payable without any declaration or other
act on the part of the Trustee or the holders of the Securities.

 

    	 	 -19-	 

    

    

 

(c) At any time after the principal of
(and premium, if any, on) and accrued and unpaid interest on the Securities of that series shall have been so declared due and
payable, and before any judgment or decree for the payment of the moneys due shall have been obtained or entered as hereinafter
provided, the holders of a majority in aggregate principal amount of the Securities of that series then Outstanding hereunder,
by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if: (i) the Company
has paid or deposited with the Trustee a sum sufficient to pay all matured installments of interest upon all the Securities of
that series and the principal of (and premium, if any, on) any and all Securities of that series that shall have become due otherwise
than by acceleration (with interest upon such principal and premium, if any, and, to the extent that such payment is enforceable
under applicable law, upon overdue installments of interest, at the rate per annum expressed in the Securities of that series to
the date of such payment or deposit) and the amount payable to the Trustee under Section 7.06, and (ii) any and all Events of Default
under the Indenture with respect to such series, other than the nonpayment of principal on (and premium, if any, on) and accrued
and unpaid interest on Securities of that series that shall not have become due by their terms, shall have been remedied or waived
as provided in Section 6.06.

 

No such rescission and annulment shall
extend to or shall affect any subsequent default or impair any right consequent thereon.

 

(d) In case the Trustee shall have proceeded
to enforce any right with respect to Securities of that series under this Indenture and such proceedings shall have been discontinued
or abandoned because of such rescission or annulment or for any other reason or shall have been determined adversely to the Trustee,
then and in every such case, subject to any determination in such proceedings, the Company and the Trustee shall be restored respectively
to their former positions and rights hereunder, and all rights, remedies and powers of the Company and the Trustee shall continue
as though no such proceedings had been taken.

 

Section 6.02 Collection of Indebtedness
and Suits for Enforcement by Trustee.

 

(a) The Company covenants that (i) in case
it shall default in the payment of any installment of interest on any of the Securities of a series, or in any payment required
by any sinking or analogous fund established with respect to that series as and when the same shall have become due and payable,
and such default shall have continued for a period of 90 days, or (ii) in case it shall default in the payment of the principal
of (or premium, if any, on) any of the Securities of a series when the same shall have become due and payable, whether upon maturity
of the Securities of a series or upon redemption or upon declaration or otherwise then, upon demand of the Trustee, the Company
will pay to the Trustee, for the benefit of the holders of the Securities of that series, the whole amount that then shall have
been become due and payable on all such Securities for principal (and premium, if any) or interest, or both, as the case may be,
with interest upon the overdue principal (and premium, if any) and (to the extent that payment of such interest is enforceable
under applicable law) upon overdue installments of interest at the rate per annum expressed in the Securities of that series; and,
in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, and the amount payable
to the Trustee under Section 7.06.

 

(b) If the Company shall fail to pay such
amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust, shall be entitled and empowered
to institute any action or proceedings at law or in equity for the collection of the sums so due and unpaid, and may prosecute
any such action or proceeding to judgment or final decree, and may enforce any such judgment or final decree against the Company
or other obligor upon the Securities of that series and collect the moneys adjudged or decreed to be payable in the manner provided
by law or equity out of the property of the Company or other obligor upon the Securities of that series, wherever situated.

 

(c) In case of any receivership, insolvency,
liquidation, bankruptcy, reorganization, readjustment, arrangement, composition or judicial proceedings affecting the Company,
or its creditors or property, the Trustee shall have power to intervene in such proceedings and take any action therein that may
be permitted by the court and shall (except as may be otherwise provided by law) be entitled to file such proofs of claim and other
papers and documents as may be necessary or advisable in order to have the claims of the Trustee and of the holders of Securities
of such series allowed for the entire amount due and payable by the Company under the Indenture at the date of institution of such
proceedings and for any additional amount that may become due and payable by the Company after such date, and to collect and receive
any moneys or other property payable or deliverable on any such claim, and to distribute the same after the deduction of the amount
payable to the Trustee under Section 7.06; and any receiver, assignee or trustee in bankruptcy or reorganization is hereby authorized
by each of the holders of Securities of such series to make such payments to the Trustee, and, in the event that the Trustee shall
consent to the making of such payments directly to such Securityholders, to pay to the Trustee any amount due it under Section
7.06.

 

    	 	 -20-	 

    

    

 

(d) All rights of action and of asserting
claims under this Indenture, or under any of the terms established with respect to Securities of that series, may be enforced by
the Trustee without the possession of any of such Securities, or the production thereof at any trial or other proceeding relative
thereto, and any such suit or proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust,
and any recovery of judgment shall, after provision for payment to the Trustee of any amounts due under Section 7.06, be for the
ratable benefit of the holders of the Securities of such series.

 

In case of an Event of Default hereunder,
the Trustee may in its discretion proceed to protect and enforce the rights vested in it by this Indenture by such appropriate
judicial proceedings as the Trustee shall deem most effectual to protect and enforce any of such rights, either at law or in equity
or in bankruptcy or otherwise, whether for the specific enforcement of any covenant or agreement contained in the Indenture or
in aid of the exercise of any power granted in this Indenture, or to enforce any other legal or equitable right vested in the Trustee
by this Indenture or by law.

 

Nothing contained herein shall be deemed
to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Securityholder any plan of reorganization,
arrangement, adjustment or composition affecting the Securities of that series or the rights of any holder thereof or to authorize
the Trustee to vote in respect of the claim of any Securityholder in any such proceeding.

 

Section 6.03 Application of Moneys Collected.

 

Any moneys collected by the Trustee pursuant
to this Article with respect to a particular series of Securities shall be applied in the following order, at the date or dates
fixed by the Trustee and, in case of the distribution of such moneys on account of principal (or premium, if any) or interest,
upon presentation of the Securities of that series, and notation thereon of the payment, if only partially paid, and upon surrender
thereof if fully paid:

 

FIRST: To the payment of all indebtedness
of the Company to which such series of Securities is subordinated to the extent required by Section 7.06 and Article Fourteen;

 

SECOND: To the payment of the amounts then
due and unpaid upon Securities of such series for principal (and premium, if any) and interest, in respect of which or for the
benefit of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due
and payable on such Securities for principal (and premium, if any) and interest, respectively; and

 

THIRD: To the payment of the remainder,
if any, to the Company or any other Person lawfully entitled thereto.

 

Section 6.04 Limitation on Suits.

 

No holder of any Security of any series
shall have any right by virtue or by availing of any provision of this Indenture to institute any suit, action or proceeding in
equity or at law upon or under or with respect to this Indenture or for the appointment of a receiver or trustee, or for any other
remedy hereunder, unless (i) such holder previously shall have given to the Trustee written notice of an Event of Default and of
the continuance thereof with respect to the Securities of such series specifying such Event of Default, as hereinbefore provided;
(ii) the holders of not less than 25% in aggregate principal amount of the Securities of such series then Outstanding shall have
made written request upon the Trustee to institute such action, suit or proceeding in its own name as Trustee hereunder; (iii)
such holder or holders shall have offered to the Trustee such reasonable indemnity as it may require against the costs, expenses
and liabilities to be incurred therein or thereby; (iv) the Trustee for 90 days after its receipt of such notice, request and offer
of indemnity, shall have failed to institute any such action, suit or proceeding and (v) during such 90 day period, the holders
of a majority in principal amount of the Securities of that series do not give the Trustee a direction inconsistent with the request.

 

    	 	 -21-	 

    

    

 

Notwithstanding anything contained herein
to the contrary or any other provisions of this Indenture, the right of any holder of any Security to receive payment of the principal
of (and premium, if any) and interest on such Security, as therein provided, on or after the respective due dates expressed in
such Security (or in the case of redemption, on the redemption date), or to institute suit for the enforcement of any such payment
on or after such respective dates or redemption date, shall not be impaired or affected without the consent of such holder and
by accepting a Security hereunder it is expressly understood, intended and covenanted by the taker and holder of every Security
of such series with every other such taker and holder and the Trustee, that no one or more holders of Securities of such series
shall have any right in any manner whatsoever by virtue or by availing of any provision of this Indenture to affect, disturb or
prejudice the rights of the holders of any other of such Securities, or to obtain or seek to obtain priority over or preference
to any other such holder, or to enforce any right under this Indenture, except in the manner herein provided and for the equal,
ratable and common benefit of all holders of Securities of such series. For the protection and enforcement of the provisions of
this Section, each and every Securityholder and the Trustee shall be entitled to such relief as can be given either at law or in
equity.

 

Section 6.05 Rights and Remedies Cumulative;
Delay or Omission Not Waiver.

 

(a) Except as otherwise provided in Section
2.07, all powers and remedies given by this Article to the Trustee or to the Securityholders shall, to the extent permitted by
law, be deemed cumulative and not exclusive of any other powers and remedies available to the Trustee or the holders of the Securities,
by judicial proceedings or otherwise, to enforce the performance or observance of the covenants and agreements contained in this
Indenture or otherwise established with respect to such Securities.

 

(b) No delay or omission of the Trustee
or of any holder of any of the Securities to exercise any right or power accruing upon any Event of Default occurring and continuing
as aforesaid shall impair any such right or power, or shall be construed to be a waiver of any such default or an acquiescence
therein; and, subject to the provisions of Section 6.04, every power and remedy given by this Article or by law to the Trustee
or the Securityholders may be exercised from time to time, and as often as shall be deemed expedient, by the Trustee or by the
Securityholders.

 

Section 6.06 Control by Securityholders.

 

The holders of a majority in aggregate
principal amount of the Securities of any series at the time Outstanding, determined in accordance with Section 8.04, shall have
the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising
any trust or power conferred on the Trustee with respect to such series; provided, however, that such direction shall not be in
conflict with any rule of law or with this Indenture. Subject to the provisions of Section 7.01, the Trustee shall have the right
to decline to follow any such direction if the Trustee in good faith shall, by a Responsible Officer or officers of the Trustee,
determine that the proceeding so directed, subject to the Trustee's duties under the Trust Indenture Act, would involve the Trustee
in personal liability or might be unduly prejudicial to the Securityholders not involved in the proceeding. The holders of a majority
in aggregate principal amount of the Securities of any series at the time Outstanding affected thereby, determined in accordance
with Section 8.04, may on behalf of the holders of all of the Securities of such series waive any past default in the performance
of any of the covenants contained herein or established pursuant to Section 2.01 with respect to such series and its consequences,
except a default in the payment of the principal of, or premium, if any, or interest on, any of the Securities of that series as
and when the same shall become due by the terms of such Securities otherwise than by acceleration (unless such default has been
cured and a sum sufficient to pay all matured installments of interest and principal and any premium has been deposited with the
Trustee (in accordance with Section 6.01(c)). Upon any such waiver, the default covered thereby shall be deemed to be cured for
all purposes of this Indenture and the Company, the Trustee and the holders of the Securities of such series shall be restored
to their former positions and rights hereunder, respectively; but no such waiver shall extend to any subsequent or other default
or impair any right consequent thereon.

 

Section 6.07 Undertaking to
Pay Costs.

 

All parties to this Indenture agree, and
each holder of any Securities by such holder's acceptance thereof shall be deemed to have agreed, that any court may in its discretion
require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any
action taken or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such
suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys' fees, against any party
litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but
the provisions of this Section shall not apply to any suit instituted by the Trustee, to any suit instituted by any Securityholder,
or group of Securityholders, holding more than 10% in aggregate principal amount of the Outstanding Securities of any series, or
to any suit instituted by any Securityholder for the enforcement of the payment of the principal of (or premium, if any) or interest
on any Security of such series, on or after the respective due dates expressed in such Security or established pursuant to this
Indenture.

 

    	 	 -22-	 

    

    

 

ARTICLE 7

 

CONCERNING THE TRUSTEE

 

Section 7.01 Certain Duties and Responsibilities
of Trustee.

 

(a) The Trustee, prior to the occurrence
of an Event of Default with respect to the Securities of a series and after the curing of all Events of Default with respect to
the Securities of that series that may have occurred, shall undertake to perform with respect to the Securities of such series
such duties and only such duties as are specifically set forth in this Indenture, and no implied covenants shall be read into this
Indenture against the Trustee. In case an Event of Default with respect to the Securities of a series has occurred (that has not
been cured or waived), the Trustee shall exercise with respect to Securities of that series such of the rights and powers vested
in it by this Indenture, and use the same degree of care and skill in their exercise, as a prudent man would exercise or use under
the circumstances in the conduct of his own affairs.

 

(b) No provision of this Indenture shall
be construed to relieve the Trustee from liability for its own negligent action, its own negligent failure to act, or its own willful
misconduct, except that:

 

(i) prior to the occurrence of an Event of
Default with respect to the Securities of a series and after the curing or waiving of all such Events of Default with respect to
that series that may have occurred:(A) the duties and obligations of the Trustee shall with respect to the Securities of such series
be determined solely by the express provisions of this Indenture, and the Trustee shall not be liable with respect to the Securities
of such series except for the performance of such duties and obligations as are specifically set forth in this Indenture, and no
implied covenants or obligations shall be read into this Indenture against the Trustee; and (B) in the absence of bad faith on
the part of the Trustee, the Trustee may with respect to the Securities of such series conclusively rely, as to the truth of the
statements and the correctness of the opinions expressed therein, upon any certificates or opinions furnished to the Trustee and
conforming to the requirements of this Indenture; but in the case of any such certificates or opinions that by any provision hereof
are specifically required to be furnished to the Trustee, the Trustee shall be under a duty to examine the same to determine whether
or not they conform to the requirements of this Indenture;

 

(ii) the Trustee shall not be liable for
any error of judgment made in good faith by a Responsible Officer or Responsible Officers of the Trustee, unless it shall be proved
that the Trustee was negligent in ascertaining the pertinent facts;

 

(iii) the Trustee shall not be liable with
respect to any action taken or omitted to be taken by it in good faith in accordance with the direction of the holders of not less
than a majority in principal amount of the Securities of any series at the time Outstanding relating to the time, method and place
of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee
under this Indenture with respect to the Securities of that series; and

 

(iv) None of the provisions contained in
this Indenture shall require the Trustee to expend or risk its own funds or otherwise incur personal financial liability in the
performance of any of its duties or in the exercise of any of its rights or powers if there is reasonable ground for believing
that the repayment of such funds or liability is not reasonably assured to it under the terms of this Indenture or adequate indemnity
against such risk is not reasonably assured to it.

 

Section 7.02 Certain Rights of Trustee.

 

Except as otherwise provided in Section
7.01:

 

(a) The Trustee may rely and shall be protected
in acting or refraining from acting upon any resolution, certificate, statement, instrument, opinion, report, notice, request,
consent, order, approval, bond, security or other paper or document believed by it to be genuine and to have been signed or presented
by the proper party or parties;

 

(b) Any request, direction, order or demand
of the Company mentioned herein shall be sufficiently evidenced by a Board Resolution or an instrument signed in the name of the
Company by any authorized officer of the Company (unless other evidence in respect thereof is specifically prescribed herein);

 

    	 	 -23-	 

    

    

 

(c) The Trustee may consult with counsel
and the written advice of such counsel or, if requested, any Opinion of Counsel shall be full and complete authorization and protection
in respect of any action taken or suffered or omitted hereunder in good faith and in reliance thereon;

 

(d) The Trustee shall be under no obligation
to exercise any of the rights or powers vested in it by this Indenture at the request, order or direction of any of the Securityholders
pursuant to the provisions of this Indenture, unless such Securityholders shall have offered to the Trustee reasonable security
or indemnity against the costs, expenses and liabilities that may be incurred therein or thereby; nothing contained herein shall,
however, relieve the Trustee of the obligation, upon the occurrence of an Event of Default with respect to a series of the Securities
(that has not been cured or waived), to exercise with respect to Securities of that series such of the rights and powers vested
in it by this Indenture, and to use the same degree of care and skill in their exercise, as a prudent man would exercise or use
under the circumstances in the conduct of his own affairs;

 

(e) The Trustee shall not be liable for
any action taken or omitted to be taken by it in good faith and believed by it to be authorized or within the discretion or rights
or powers conferred upon it by this Indenture;

 

(f) The Trustee shall not be bound to make
any investigation into the facts or matters stated in any resolution, certificate, statement, instrument, opinion, report, notice,
request, consent, order, approval, bond, security, or other papers or documents, unless requested in writing so to do by the holders
of not less than a majority in principal amount of the Outstanding Securities of the particular series affected thereby (determined
as provided in Section 8.04); provided, however, that if the payment within a reasonable time to the Trustee of the costs, expenses
or liabilities likely to be incurred by it in the making of such investigation is, in the opinion of the Trustee, not reasonably
assured to the Trustee by the security afforded to it by the terms of this Indenture, the Trustee may require reasonable indemnity
against such costs, expenses or liabilities as a condition to so proceeding. The reasonable expense of every such examination shall
be paid by the Company or, if paid by the Trustee, shall be repaid by the Company upon demand; and

 

(g) The Trustee may execute any of the
trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys and the Trustee
shall not be responsible for any misconduct or negligence on the part of any agent or attorney appointed with due care by it hereunder.

 

In addition, the Trustee shall not be deemed
to have knowledge of any Default or Event of Default except (1) any Event of Default occurring pursuant to Sections 6.01(a)(1)
and 6.01(a)(2) or (2) any Default or Event of Default of which the Trustee shall have received written notification in the manner
set forth in this Indenture or a Responsible Officer of the Trustee shall have obtained actual knowledge. Delivery of reports,
information and documents to the Trustee under Section 5.03 is for informational purposes only and the information and the Trustee's
receipt of the foregoing shall not constitute constructive notice of any information contained therein, or determinable from information
contained therein including the Company's compliance with any of their covenants thereunder (as to which the Trustee is entitled
to rely exclusively on an Officer's Certificate).

 

Section 7.03 Trustee Not Responsible
for Recitals or Issuance or Securities.

 

(a) The recitals contained herein and in
the Securities shall be taken as the statements of the Company, and the Trustee assumes no responsibility for the correctness of
the same.

 

(b) The Trustee makes no representations
as to the validity or sufficiency of this Indenture or of the Securities.

 

(c) The Trustee shall not be accountable
for the use or application by the Company of any of the Securities or of the proceeds of such Securities, or for the use or application
of any moneys paid over by the Trustee in accordance with any provision of this Indenture or established pursuant to Section 2.01,
or for the use or application of any moneys received by any paying agent other than the Trustee.

 

Section 7.04 May Hold Securities.

 

The Trustee or any paying agent or Security
Registrar, in its individual or any other capacity, may become the owner or pledgee of Securities with the same rights it would
have if it were not Trustee, paying agent or Security Registrar.

 

    	 	 -24-	 

    

    

 

Section 7.05 Moneys Held in Trust.

 

Subject to the provisions of Section 11.05,
all moneys received by the Trustee shall, until used or applied as herein provided, be held in trust for the purposes for which
they were received, but need not be segregated from other funds except to the extent required by law. The Trustee shall be under
no liability for interest on any moneys received by it hereunder except such as it may agree with the Company to pay thereon.

 

Section 7.06 Compensation and Reimbursement.

 

(a) The Company covenants and agrees to
pay to the Trustee, and the Trustee shall be entitled to, such reasonable compensation (which shall not be limited by any provision
of law in regard to the compensation of a trustee of an express trust) as the Company and the Trustee may from time to time agree
in writing, for all services rendered by it in the execution of the trusts hereby created and in the exercise and performance of
any of the powers and duties hereunder of the Trustee, and, except as otherwise expressly provided herein, the Company will pay
or reimburse the Trustee upon its request for all reasonable expenses, disbursements and advances incurred or made by the Trustee
in accordance with any of the provisions of this Indenture (including the reasonable compensation and the expenses and disbursements
of its counsel and of all Persons not regularly in its employ), except any such expense, disbursement or advance as may arise from
its negligence or bad faith and except as the Company and Trustee may from time to time agree in writing. The Company also covenants
to indemnify the Trustee (and its officers, agents, directors and employees) for, and to hold it harmless against, any loss, liability
or expense incurred without negligence or bad faith on the part of the Trustee and arising out of or in connection with the acceptance
or administration of this trust, including the reasonable costs and expenses of defending itself against any claim of liability
in the premises.

 

(b) The obligations of the Company under
this Section to compensate and indemnify the Trustee and to pay or reimburse the Trustee for reasonable expenses, disbursements
and advances shall constitute indebtedness of the Company to which the Securities are subordinated. Such additional indebtedness
shall be secured by a lien prior to that of the Securities upon all property and funds held or collected by the Trustee as such,
except funds held in trust for the benefit of the holders of particular Securities.

 

Section 7.07 Reliance on Officer's Certificate.

 

Except as otherwise provided in Section
7.01, whenever in the administration of the provisions of this Indenture the Trustee shall deem it reasonably necessary or desirable
that a matter be proved or established prior to taking or suffering or omitting to take any action hereunder, such matter (unless
other evidence in respect thereof be herein specifically prescribed) may, in the absence of negligence or bad faith on the part
of the Trustee, be deemed to be conclusively proved and established by an Officer's Certificate delivered to the Trustee and such
certificate, in the absence of negligence or bad faith on the part of the Trustee, shall be full warrant to the Trustee for any
action taken, suffered or omitted to be taken by it under the provisions of this Indenture upon the faith thereof.

 

Section 7.08 Disqualification; Conflicting
Interests.

 

If the Trustee has or shall acquire any
 "conflicting interest" within the meaning of Section 310(b) of the Trust Indenture Act, the Trustee and the Company shall
in all respects comply with the provisions of Section 310(b) of the Trust Indenture Act.

 

Section 7.09 Corporate Trustee Required;
Eligibility.

 

There shall at all times be a Trustee with
respect to the Securities issued hereunder which shall at all times be a corporation organized and doing business under the laws
of the United States of America or any state or territory thereof or of the District of Columbia, or a corporation or other Person
permitted to act as trustee by the Securities and Exchange Commission, authorized under such laws to exercise corporate trust powers,
having a combined capital and surplus of at least fifty million U.S. dollars ($50,000,000), and subject to supervision or examination
by federal, state, territorial, or District of Columbia authority.

 

If such corporation or other Person publishes
reports of condition at least annually, pursuant to law or to the requirements of the aforesaid supervising or examining authority,
then for the purposes of this Section, the combined capital and surplus of such corporation or other Person shall be deemed to
be its combined capital and surplus as set forth in its most recent report of condition so published. The Company may not, nor
may any Person directly or indirectly controlling, controlled by, or under common control with the Company, serve as Trustee. In
case at any time the Trustee shall cease to be eligible in accordance with the provisions of this Section, the Trustee shall resign
immediately in the manner and with the effect specified in Section 7.10.

 

    	 	 -25-	 

    

    

 

Section 7.10 Resignation and Removal;
Appointment of Successor.

 

(a) The Trustee or any successor hereafter
appointed may at any time resign with respect to the Securities of one or more series by giving written notice thereof to the Company
and by transmitting notice of resignation by mail, first class postage prepaid, to the Securityholders of such series, as their
names and addresses appear upon the Security Register. Upon receiving such notice of resignation, the Company shall promptly appoint
a successor trustee with respect to Securities of such series by written instrument, in duplicate, executed by order of the Board
of Directors, one copy of which instrument shall be delivered to the resigning Trustee and one copy to the successor trustee. If
no successor trustee shall have been so appointed and have accepted appointment within 30 days after the mailing of such notice
of resignation, the resigning Trustee may petition any court of competent jurisdiction for the appointment of a successor trustee
with respect to Securities of such series, or any Securityholder of that series who has been a bona fide holder of a Security or
Securities for at least six months may on behalf of himself and all others similarly situated, petition any such court for the
appointment of a successor trustee. Such court may thereupon after such notice, if any, as it may deem proper and prescribe, appoint
a successor trustee.

 

(b) In case at any time any one of the
following shall occur:

 

(i) the Trustee shall fail to comply with
the provisions of Section 7.08 after written request therefor by the Company or by any Securityholder who has been a bona fide
holder of a Security or Securities for at least six months; or

 

(ii) the Trustee shall cease to be eligible
in accordance with the provisions of Section 7.09 and shall fail to resign after written request therefor by the Company or by
any such Securityholder; or

 

(iii) the Trustee shall become incapable
of acting, or shall be adjudged a bankrupt or insolvent, or commence a voluntary bankruptcy proceeding, or a receiver of the Trustee
or of its property shall be appointed or consented to, or any public officer shall take charge or control of the Trustee or of
its property or affairs for the purpose of rehabilitation, conservation or liquidation;

 

then, in any such case, the Company may
remove the Trustee with respect to all Securities and appoint a successor trustee by written instrument, in duplicate, executed
by order of the Board of Directors, one copy of which instrument shall be delivered to the Trustee so removed and one copy to the
successor trustee, or any Securityholder who has been a bona fide holder of a Security or Securities for at least six months may,
on behalf of that holder and all others similarly situated, petition any court of competent jurisdiction for the removal of the
Trustee and the appointment of a successor trustee. Such court may thereupon after such notice, if any, as it may deem proper and
prescribe, remove the Trustee and appoint a successor trustee.

 

(c) The holders of a majority in aggregate
principal amount of the Securities of any series at the time Outstanding may at any time remove the Trustee with respect to such
series by so notifying the Trustee and the Company and may appoint a successor Trustee for such series with the consent of the
Company.

 

(d) Any resignation or removal of the Trustee
and appointment of a successor trustee with respect to the Securities of a series pursuant to any of the provisions of this Section
shall become effective upon acceptance of appointment by the successor trustee as provided in Section 7.11.

 

(e) Any successor trustee appointed pursuant
to this Section may be appointed with respect to the Securities of one or more series or all of such series, and at any time there
shall be only one Trustee with respect to the Securities of any particular series.

 

Section 7.11 Acceptance of Appointment
By Successor.

 

(a) In case of the appointment hereunder
of a successor trustee with respect to all Securities, every such successor trustee so appointed shall execute, acknowledge and
deliver to the Company and to the retiring Trustee an instrument accepting such appointment, and thereupon the resignation or removal
of the retiring Trustee shall become effective and such successor trustee, without any further act, deed or conveyance, shall become
vested with all the rights, powers, trusts and duties of the retiring Trustee; but, on the request of the Company or the successor
trustee, such retiring Trustee shall, upon payment of its charges, execute and deliver an instrument transferring to such successor
trustee all the rights, powers, and trusts of the retiring Trustee and shall duly assign, transfer and deliver to such successor
trustee all property and money held by such retiring Trustee hereunder.

 

    	 	 -26-	 

    

    

 

(b) In case of the appointment hereunder
of a successor trustee with respect to the Securities of one or more (but not all) series, the Company, the retiring Trustee and
each successor trustee with respect to the Securities of one or more series shall execute and deliver an indenture supplemental
hereto wherein each successor trustee shall accept such appointment and which (i) shall contain such provisions as shall be necessary
or desirable to transfer and confirm to, and to vest in, each successor trustee all the rights, powers, trusts and duties of the
retiring Trustee with respect to the Securities of that or those series to which the appointment of such successor trustee relates,
(ii) shall contain such provisions as shall be deemed necessary or desirable to confirm that all the rights, powers, trusts and
duties of the retiring Trustee with respect to the Securities of that or those series as to which the retiring Trustee is not retiring
shall continue to be vested in the retiring Trustee, and (iii) shall add to or change any of the provisions of this Indenture as
shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee, it being understood
that nothing herein or in such supplemental indenture shall constitute such Trustees co-trustees of the same trust, that each such
Trustee shall be trustee of a trust or trusts hereunder separate and apart from any trust or trusts hereunder administered by any
other such Trustee and that no Trustee shall be responsible for any act or failure to act on the part of any other Trustee hereunder;
and upon the execution and delivery of such supplemental indenture the resignation or removal of the retiring Trustee shall become
effective to the extent provided therein, such retiring Trustee shall with respect to the Securities of that or those series to
which the appointment of such successor trustee relates have no further responsibility for the exercise of rights and powers or
for the performance of the duties and obligations vested in the Trustee under this Indenture, and each such successor trustee,
without any further act, deed or conveyance, shall become vested with all the rights, powers, trusts and duties of the retiring
Trustee with respect to the Securities of that or those series to which the appointment of such successor trustee relates; but,
on request of the Company or any successor trustee, such retiring Trustee shall duly assign, transfer and deliver to such successor
trustee, to the extent contemplated by such supplemental indenture, the property and money held by such retiring Trustee hereunder
with respect to the Securities of that or those series to which the appointment of such successor trustee relates.

 

(c) Upon request of any such successor trustee,
the Company shall execute any and all instruments for more fully and certainly vesting in and confirming to such successor trustee
all such rights, powers and trusts referred to in paragraph (a) or (b) of this Section, as the case may be.

 

(d) No successor trustee shall accept its
appointment unless at the time of such acceptance such successor trustee shall be qualified and eligible under this Article.

 

(e) Upon acceptance of appointment by a
successor trustee as provided in this Section, the Company shall transmit notice of the succession of such trustee hereunder by
mail, first class postage prepaid, to the Securityholders, as their names and addresses appear upon the Security Register. If the
Company fails to transmit such notice within ten days after acceptance of appointment by the successor trustee, the successor trustee
shall cause such notice to be transmitted at the expense of the Company.

 

Section 7.12 Merger, Conversion, Consolidation
or Succession to Business.

 

Any corporation into which the Trustee
may be merged or converted or with which it may be consolidated, or any corporation resulting from any merger, conversion or consolidation
to which the Trustee shall be a party, or any corporation succeeding to the corporate trust business of the Trustee, including
the administration of the trust created by this Indenture, shall be the successor of the Trustee hereunder, provided that such
corporation shall be qualified under the provisions of Section 7.08 and eligible under the provisions of Section 7.09, without
the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary
notwithstanding. In case any Securities shall have been authenticated, but not delivered, by the Trustee then in office, any successor
by merger, conversion or consolidation to such authenticating Trustee may adopt such authentication and deliver the Securities
so authenticated with the same effect as if such successor Trustee had itself authenticated such Securities.

 

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Section 7.13 Preferential Collection
of Claims Against the Company.

 

The Trustee shall comply with Section 311(a)
of the Trust Indenture Act, excluding any creditor relationship described in Section 311(b) of the Trust Indenture Act. A Trustee
who has resigned or been removed shall be subject to Section 311(a) of the Trust Indenture Act to the extent included therein.

 

Section 7.14 Notice of Default

 

If any Default or any Event of Default
occurs and is continuing and if such Default or Event of Default is known to a Responsible Officer of the Trustee, the Trustee
shall mail to each Securityholder in the manner and to the extent provided in Section 313(c) of the Trust Indenture Act notice
of the Default or Event of Default within the earlier of 90 days after it occurs and 30 days after it is known to a Responsible
Officer of the Trustee or written notice of it is received by the Trustee, unless such Default or Event of Default has been cured;
provided, however, that, except in the case of a default in the payment of the principal of (or premium, if any) or interest on
any Security, the Trustee shall be protected in withholding such notice if and so long as the board of directors, the executive
committee or a trust committee of directors and/or Responsible Officers of the Trustee in good faith determine that the withholding
of such notice is in the interest of the Securityholders.

 

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ARTICLE 8

 

CONCERNING THE SECURITYHOLDERS

 

Section 8.01 Evidence of Action by Securityholders.

 

Whenever in this Indenture it is provided
that the holders of a majority or specified percentage in aggregate principal amount of the Securities of a particular series may
take any action (including the making of any demand or request, the giving of any notice, consent or waiver or the taking of any
other action), the fact that at the time of taking any such action the holders of such majority or specified percentage of that
series have joined therein may be evidenced by any instrument or any number of instruments of similar tenor executed by such holders
of Securities of that series in person or by agent or proxy appointed in writing.

 

If the Company shall solicit
from the Securityholders of any series any request, demand, authorization, direction, notice, consent, waiver or other action,
the Company may, at its option, as evidenced by an Officer's Certificate, fix in advance a record date for such series for the
determination of Securityholders entitled to give such request, demand, authorization, direction, notice, consent, waiver or other
action, but the Company shall have no obligation to do so. If such a record date is fixed, such request, demand, authorization,
direction, notice, consent, waiver or other action may be given before or after the record date, but only the Securityholders of
record at the close of business on the record date shall be deemed to be Securityholders for the purposes of determining whether
Securityholders of the requisite proportion of Outstanding Securities of that series have authorized or agreed or consented to
such request, demand, authorization, direction, notice, consent, waiver or other action, and for that purpose the Outstanding Securities
of that series shall be computed as of the record date; provided, however, that no such authorization, agreement or consent by
such Securityholders on the record date shall be deemed effective unless it shall become effective pursuant to the provisions of
this Indenture not later than six months after the record date.

 

Section 8.02 Proof of Execution
by Securityholders.

 

Subject to the provisions of Section 7.01,
proof of the execution of any instrument by a Securityholder (such proof will not require notarization) or his agent or proxy and
proof of the holding by any Person of any of the Securities shall be sufficient if made in the following manner:

 

(a) The fact and date of the execution
by any such Person of any instrument may be proved in any reasonable manner acceptable to the Trustee.

 

(b) The ownership of Securities shall be
proved by the Security Register of such Securities or by a certificate of the Security Registrar thereof.

 

The Trustee may require such additional proof of any matter
referred to in this Section as it shall deem necessary.

 

Section 8.03 Who May be Deemed
Owners.

 

Prior to the due presentment for registration
of transfer of any Security, the Company, the Trustee, any paying agent and any Security Registrar may deem and treat the Person
in whose name such Security shall be registered upon the books of the Company as the absolute owner of such Security (whether or
not such Security shall be overdue and notwithstanding any notice of ownership or writing thereon made by anyone other than the
Security Registrar) for the purpose of receiving payment of or on account of the principal of, premium, if any, and (subject to
Section 2.03) interest on such Security and for all other purposes; and neither the Company nor the Trustee nor any paying agent
nor any Security Registrar shall be affected by any notice to the contrary.

 

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Section 8.04 Certain Securities
Owned by Company Disregarded.

 

In determining whether the holders of the
requisite aggregate principal amount of Securities of a particular series have concurred in any direction, consent or waiver under
this Indenture, the Securities of that series that are owned by the Company or any other obligor on the Securities of that series
or by any Person directly or indirectly controlling or controlled by or under common control with the Company or any other obligor
on the Securities of that series shall be disregarded and deemed not to be Outstanding for the purpose of any such determination,
except that for the purpose of determining whether the Trustee shall be protected in relying on any such direction, consent or
waiver, only Securities of such series that the Trustee actually knows are so owned shall be so disregarded. The Securities so
owned that have been pledged in good faith may be regarded as Outstanding for the purposes of this Section, if the pledgee shall
establish to the satisfaction of the Trustee the pledgee's right so to act with respect to such Securities and that the pledgee
is not a Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company
or any such other obligor. In case of a dispute as to such right, any decision by the Trustee taken upon the advice of counsel
shall be full protection to the Trustee.

 

Section 8.05 Actions Binding
on Future Securityholders.

 

At any time prior to (but not after) the
evidencing to the Trustee, as provided in Section 8.01, of the taking of any action by the holders of the majority or percentage
in aggregate principal amount of the Securities of a particular series specified in this Indenture in connection with such action,
any holder of a Security of that series that is shown by the evidence to be included in the Securities the holders of which have
consented to such action may, by filing written notice with the Trustee, and upon proof of holding as provided in Section 8.02,
revoke such action so far as concerns such Security. Except as aforesaid any such action taken by the holder of any Security shall
be conclusive and binding upon such holder and upon all future holders and owners of such Security, and of any Security issued
in exchange therefor, on registration of transfer thereof or in place thereof, irrespective of whether or not any notation in regard
thereto is made upon such Security. Any action taken by the holders of the majority or percentage in aggregate principal amount
of the Securities of a particular series specified in this Indenture in connection with such action shall be conclusively binding
upon the Company, the Trustee and the holders of all the Securities of that series.

 

    	 	 -30-	 

    

    

 

ARTICLE 9

 

SUPPLEMENTAL INDENTURES

 

Section 9.01 Supplemental Indentures
Without the Consent of Securityholders.

 

In addition to any supplemental indenture
otherwise authorized by this Indenture, the Company and the Trustee may from time to time and at any time enter into an indenture
or indentures supplemental hereto (which shall conform to the provisions of the Trust Indenture Act as then in effect), without
the consent of the Securityholders, for one or more of the following purposes:

 

(a) to cure any ambiguity, defect, or inconsistency
herein or in the Securities of any series;

 

(b) to comply with Article Ten;

 

(c) to provide for uncertificated Securities
in addition to or in place of certificated Securities;

 

(d) to add to the covenants, restrictions,
conditions or provisions relating to the Company for the benefit of the holders of all or any series of Securities (and if such
covenants, restrictions, conditions or provisions are to be for the benefit of less than all series of Securities, stating that
such covenants, restrictions, conditions or provisions are expressly being included solely for the benefit of such series), to
make the occurrence, or the occurrence and the continuance, of a default in any such additional covenants, restrictions, conditions
or provisions an Event of Default, or to surrender any right or power herein conferred upon the Company;

 

(e) to add to, delete from, or revise the
conditions, limitations, and restrictions on the authorized amount, terms, or purposes of issue, authentication, and delivery of
Securities, as herein set forth;

 

(f) to make any change that does not adversely
affect the rights of any Securityholder in any material respect;

 

(g) to provide for the issuance of and
establish the form and terms and conditions of the Securities of any series as provided in Section 2.01, to establish the form
of any certifications required to be furnished pursuant to the terms of this Indenture or any series of Securities, or to add to
the rights of the holders of any series of Securities;

 

    	 	 -31-	 

    

    
 

(h) to evidence and provide for the acceptance
of appointment hereunder by a successor trustee; or

 

(i) to comply with any requirements of
the Securities and Exchange Commission or any successor in connection with the qualification of this Indenture under the Trust
Indenture Act.

 

The Trustee is hereby authorized to join
with the Company in the execution of any such supplemental indenture, and to make any further appropriate agreements and stipulations
that may be therein contained, but the Trustee shall not be obligated to enter into any such supplemental indenture that affects
the Trustee's own rights, duties or immunities under this Indenture or otherwise.

 

Any supplemental indenture authorized by
the provisions of this Section may be executed by the Company and the Trustee without the consent of the holders of any of the
Securities at the time Outstanding, notwithstanding any of the provisions of Section 9.02.

 

Section 9.02 Supplemental Indentures With Consent
of Securityholders.

 

With the consent (evidenced as provided
in Section 8.01) of the holders of not less than a majority in aggregate principal amount of the Securities of each series affected
by such supplemental indenture or indentures at the time Outstanding, the Company, when authorized by a Board Resolution, and the
Trustee may from time to time and at any time enter into an indenture or indentures supplemental hereto (which shall conform to
the provisions of the Trust Indenture Act as then in effect) for the purpose of adding any provisions to or changing in any manner
or eliminating any of the provisions of this Indenture or of any supplemental indenture or of modifying in any manner not covered
by Section 9.01 the rights of the holders of the Securities of such series under this Indenture; provided, however, that no such
supplemental indenture shall, without the consent of the holders of each Security then Outstanding and affected thereby, (a) extend
the fixed maturity of any Securities of any series, or reduce the principal amount thereof, or reduce the rate or extend the time
of payment of interest thereon, or reduce any premium payable upon the redemption thereof or (b) reduce the aforesaid percentage
of Securities, the holders of which are required to consent to any such supplemental indenture.

 

It shall not be necessary for the consent
of the Securityholders of any series affected thereby under this Section to approve the particular form of any proposed supplemental
indenture, but it shall be sufficient if such consent shall approve the substance thereof.

 

Section 9.03 Effect of Supplemental Indentures.

 

Upon the execution of any supplemental
indenture pursuant to the provisions of this Article or of Section 10.01, this Indenture shall, with respect to such series, be
and be deemed to be modified and amended in accordance therewith and the respective rights, limitations of rights, obligations,
duties and immunities under this Indenture of the Trustee, the Company and the holders of Securities of the series affected thereby
shall thereafter be determined, exercised and enforced hereunder subject in all respects to such modifications and amendments,
and all the terms and conditions of any such supplemental indenture shall be and be deemed to be part of the terms and conditions
of this Indenture for any and all purposes.

 

Section 9.04 Securities Affected by Supplemental
Indentures.

 

Securities of any series affected by a
supplemental indenture, authenticated and delivered after the execution of such supplemental indenture pursuant to the provisions
of this Article or of Section 10.01, may bear a notation in form approved by the Company, provided such form meets the requirements
of any securities exchange upon which such series may be listed, as to any matter provided for in such supplemental indenture.
If the Company shall so determine, new Securities of that series so modified as to conform, in the opinion of the Board of Directors,
to any modification of this Indenture contained in any such supplemental indenture may be prepared by the Company, authenticated
by the Trustee and delivered in exchange for the Securities of that series then Outstanding.

 

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Section 9.05 Execution of Supplemental Indentures.

 

Upon the request of the Company, accompanied
by its Board Resolutions authorizing the execution of any such supplemental indenture, and upon the filing with the Trustee of
evidence of the consent of Securityholders required to consent thereto as aforesaid, the Trustee shall join with the Company in
the execution of such supplemental indenture unless such supplemental indenture affects the Trustee's own rights, duties or immunities
under this Indenture or otherwise, in which case the Trustee may in its discretion but shall not be obligated to enter into such
supplemental indenture. The Trustee, subject to the provisions of Section 7.01, may receive an Officer's Certificate or, if requested,
an Opinion of Counsel as conclusive evidence that any supplemental indenture executed pursuant to this Article is authorized or
permitted by, and conforms to, the terms of this Article and that it is proper for the Trustee under the provisions of this Article
to join in the execution thereof; provided, however, that such Officer's Certificate or Opinion of Counsel need not be provided
in connection with the execution of a supplemental indenture that establishes the terms of a series of Securities pursuant to Section
2.01 hereof.

 

Promptly after the execution by the Company
and the Trustee of any supplemental indenture pursuant to the provisions of this Section, the Trustee shall transmit by mail, first
class postage prepaid, a notice, setting forth in general terms the substance of such supplemental indenture, to the Securityholders
of all series affected thereby as their names and addresses appear upon the Security Register. Any failure of the Trustee to mail
such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture.

 

    	 	 -33-	 

    

    

 

ARTICLE 10

 

SUCCESSOR ENTITY

 

Section 10.01 Company May Consolidate,
Etc.

 

Except as provided pursuant to Section
2.01 pursuant to a Board Resolution, and set forth in an Officer's Certificate, or established in one or more indentures supplemental
to this Indenture, nothing contained in this Indenture shall prevent any consolidation or merger of the Company with or into any
other Person (whether or not affiliated with the Company) or successive consolidations or mergers in which the Company or its successor
or successors shall be a party or parties, or shall prevent any sale, conveyance, transfer or other disposition of the property
of the Company or its successor or successors as an entirety, or substantially as an entirety, to any other corporation (whether
or not affiliated with the Company or its successor or successors) authorized to acquire and operate the same; provided, however,
(a) the Company hereby covenants and agrees that, upon any such consolidation or merger (in each case, if the Company is not the
survivor of such transaction), sale, conveyance, transfer or other disposition, the due and punctual payment of the principal of
(premium, if any) and interest on all of the Securities of all series in accordance with the terms of each series, according to
their tenor, and the due and punctual performance and observance of all the covenants and conditions of this Indenture with respect
to each series or established with respect to such series pursuant to Section 2.01 to be kept or performed by the Company shall
be expressly assumed, by supplemental indenture (which shall conform to the provisions of the Trust Indenture Act, as then in effect)
reasonably satisfactory in form to the Trustee executed and delivered to the Trustee by the entity formed by such consolidation,
or into which the Company shall have been merged, or by the entity which shall have acquired such property and (b) in the event
that the Securities of any series then Outstanding are convertible into or exchangeable for shares of common stock or other securities
of the Company, such entity shall, by such supplemental indenture, make provision so that the Securityholders of Securities of
that series shall thereafter be entitled to receive upon conversion or exchange of such Securities the number of securities or
property to which a holder of the number of shares of common stock or other securities of the Company deliverable upon conversion
or exchange of those Securities would have been entitled had such conversion or exchange occurred immediately prior to such consolidation,
merger, sale, conveyance, transfer or other disposition.

 

Section 10.02 Successor Entity
Substituted.

 

(a) In case of any such consolidation,
merger, sale, conveyance, transfer or other disposition and upon the assumption by the successor entity by supplemental indenture,
executed and delivered to the Trustee and satisfactory in form to the Trustee, of the obligations set forth under Section 10.01
on all of the Securities of all series Outstanding, such successor entity shall succeed to and be substituted for the Company with
the same effect as if it had been named as the Company herein, and thereupon the predecessor corporation shall be relieved of all
obligations and covenants under this Indenture and the Securities.

 

(b) In case of any such consolidation,
merger, sale, conveyance, transfer or other disposition, such changes in phraseology and form (but not in substance) may be made
in the Securities thereafter to be issued as may be appropriate.

 

(c) Nothing contained in this Article shall
require any action by the Company in the case of a consolidation or merger of any Person into the Company where the Company is
the survivor of such transaction, or the acquisition by the Company, by purchase or otherwise, of all or any part of the property
of any other Person (whether or not affiliated with the Company).

 

Section 10.03 Evidence of Consolidation,
Etc. to Trustee.

 

The Trustee, subject to the provisions
of Section 7.01, may receive an Officer's Certificate and, if requested, an Opinion of Counsel as conclusive evidence that any
such consolidation, merger, sale, conveyance, transfer or other disposition, and any such assumption, comply with the provisions
of this Article.

 

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ARTICLE 11

 

SATISFACTION AND DISCHARGE

 

Section 11.01 Satisfaction and Discharge
of Indenture.

 

If at any time: (a) the Company shall have
delivered to the Trustee for cancellation all Securities of a series theretofore authenticated and not delivered to the Trustee
for cancellation (other than any Securities that shall have been destroyed, lost or stolen and that shall have been replaced or
paid as provided in Section 2.07 and Securities for whose payment money or Governmental Obligations have theretofore been deposited
in trust or segregated and held in trust by the Company and thereupon repaid to the Company or discharged from such trust, as provided
in Section 11.05); or (b) all such Securities of a particular series not theretofore delivered to the Trustee for cancellation
shall have become due and payable, or are by their terms to become due and payable within one year or are to be called for redemption
within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption, and the Company shall deposit
or cause to be deposited with the Trustee as trust funds the entire amount in moneys or Governmental Obligations or a combination
thereof, sufficient in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification
thereof delivered to the Trustee, to pay at maturity or upon redemption all Securities of that series not theretofore delivered
to the Trustee for cancellation, including principal (and premium, if any) and interest due or to become due to such date of maturity
or date fixed for redemption, as the case may be, and if the Company shall also pay or cause to be paid all other sums payable
hereunder with respect to such series by the Company then this Indenture shall thereupon cease to be of further effect with respect
to such series except for the provisions of Sections 2.03, 2.05, 2.07, 4.01, 4.02, 4.03 and 7.10, that shall survive until the
date of maturity or redemption date, as the case may be, and Sections 7.06 and 11.05, that shall survive to such date and thereafter,
and the Trustee, on demand of the Company and at the cost and expense of the Company shall execute proper instruments acknowledging
satisfaction of and discharging this Indenture with respect to such series.

 

Section 11.02 Discharge of
Obligations.

 

If at any time all such Securities of a
particular series not heretofore delivered to the Trustee for cancellation or that have not become due and payable as described
in Section 11.01 shall have been paid by the Company by depositing irrevocably with the Trustee as trust funds moneys or an amount
of Governmental Obligations sufficient to pay at maturity or upon redemption all such Securities of that series not theretofore
delivered to the Trustee for cancellation, including principal (and premium, if any) and interest due or to become due to such
date of maturity or date fixed for redemption, as the case may be, and if the Company shall also pay or cause to be paid all other
sums payable hereunder by the Company with respect to such series, then after the date such moneys or Governmental Obligations,
as the case may be, are deposited with the Trustee the obligations of the Company under this Indenture with respect to such series
shall cease to be of further effect except for the provisions of Sections 2.03, 2.05, 2.07, 4,01, 4.02, 4,03, 7.06, 7.10 and 11.05
hereof that shall survive until such Securities shall mature and be paid.

 

Thereafter, Sections 7.06 and 11.05 shall
survive.

 

Section 11.03 Deposited Moneys
to be Held in Trust.

 

All moneys or Governmental Obligations
deposited with the Trustee pursuant to Sections 11.01 or 11.02 shall be held in trust and shall be available for payment as due,
either directly or through any paying agent (including the Company acting as its own paying agent), to the holders of the particular
series of Securities for the payment or redemption of which such moneys or Governmental Obligations have been deposited with the
Trustee.

 

Section 11.04 Payment of Moneys
Held by Paying Agents.

 

In connection with the satisfaction and
discharge of this Indenture all moneys or Governmental Obligations then held by any paying agent under the provisions of this Indenture
shall, upon demand of the Company, be paid to the Trustee and thereupon such paying agent shall be released from all further liability
with respect to such moneys or Governmental Obligations.

 

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Section 11.05 Repayment to Company.

 

Any moneys or Governmental Obligations
deposited with any paying agent or the Trustee, or then held by the Company, in trust for payment of principal of or premium, if
any, or interest on the Securities of a particular series that are not applied but remain unclaimed by the holders of such Securities
for at least two years after the date upon which the principal of (and premium, if any) or interest on such Securities shall have
respectively become due and payable, or such other shorter period set forth in applicable escheat or abandoned or unclaimed property
law, shall be repaid to the Company on May 31 of each year or upon the Company's request or (if then held by the Company) shall
be discharged from such trust; and thereupon the paying agent and the Trustee shall be released from all further liability with
respect to such moneys or Governmental Obligations, and the holder of any of the Securities entitled to receive such payment shall
thereafter, as a general creditor, look only to the Company for the payment thereof.

 

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ARTICLE 12

 

IMMUNITY OF INCORPORATORS, STOCKHOLDERS,
OFFICERS AND DIRECTORS

 

Section 12.01 No Recourse.

 

No recourse under or upon any obligation,
covenant or agreement of this Indenture, or of any Security, or for any claim based thereon or otherwise in respect thereof, shall
be had against any incorporator, stockholder, officer or director, past, present or future as such, of the Company or of any predecessor
or successor corporation, either directly or through the Company or any such predecessor or successor corporation, whether by virtue
of any constitution, statute or rule of law, or by the enforcement of any assessment or penalty or otherwise; it being expressly
understood that this Indenture and the obligations issued hereunder are solely corporate obligations, and that no such personal
liability whatever shall attach to, or is or shall be incurred by, the incorporators, stockholders, officers or directors as such,
of the Company or of any predecessor or successor corporation, or any of them, because of the creation of the indebtedness hereby
authorized, or under or by reason of the obligations, covenants or agreements contained in this Indenture or in any of the Securities
or implied therefrom; and that any and all such personal liability of every name and nature, either at common law or in equity
or by constitution or statute, of, and any and all such rights and claims against, every such incorporator, stockholder, officer
or director as such, because of the creation of the indebtedness hereby authorized, or under or by reason of the obligations, covenants
or agreements contained in this Indenture or in any of the Securities or implied therefrom, are hereby expressly waived and released
as a condition of, and as a consideration for, the execution of this Indenture and the issuance of such Securities.

 

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ARTICLE 13

 

MISCELLANEOUS PROVISIONS

 

Section 13.01 Effect on Successors and
Assigns.

 

All the covenants, stipulations, promises
and agreements in this Indenture made by or on behalf of the Company shall bind its successors and assigns, whether so expressed
or not.

 

Section 13.02 Actions by Successor.

 

Any act or proceeding by any provision
of this Indenture authorized or required to be done or performed by any board, committee or officer of the Company shall and may
be done and performed with like force and effect by the corresponding board, committee or officer of any corporation that shall
at the time be the lawful successor of the Company.

 

Section 13.03 Surrender of
Company Powers.

 

The Company by instrument in writing executed
by authority of its Board of Directors and delivered to the Trustee may surrender any of the powers reserved to the Company, and
thereupon such power so surrendered shall terminate both as to the Company and as to any successor corporation.

 

Section 13.04 Notices.

 

Except as otherwise expressly provided
herein, any notice, request or demand that by any provision of this Indenture is required or permitted to be given, made or served
by the Trustee or by the holders of Securities or by any other Person pursuant to this Indenture to or on the Company may be given
or served by being deposited in first class mail, postage prepaid, addressed (until another address is filed in writing by the
Company with the Trustee), as follows:. Any notice, election, request or demand by the Company or any Securityholder or by any
other Person pursuant to this Indenture to or upon the Trustee shall be deemed to have been sufficiently given or made, for all
purposes, if given or made in writing at the Corporate Trust Office of the Trustee.

 

Section 13.05 Governing Law.

 

This Indenture and each Security shall
be deemed to be a contract made under the internal laws of the State of New York, and for all purposes shall be construed in accordance
with the laws of said State, except to the extent that the Trust Indenture Act is applicable.

 

Section 13.06 Treatment of
Securities as Debt.

 

It is intended that the Securities will
be treated as indebtedness and not as equity for federal income tax purposes. The provisions of this Indenture shall be interpreted
to further this intention.

 

Section 13.07 Certificates
and Opinions as to Conditions Precedent.

 

(a) Upon any application or demand by the
Company to the Trustee to take any action under any of the provisions of this Indenture, the Company shall furnish to the Trustee
an Officer's Certificate stating that all conditions precedent provided for in this Indenture (other than the certificate to be
delivered pursuant to Section 13.12) relating to the proposed action have been complied with and, if requested, an Opinion of Counsel
stating that in the opinion of such counsel all such conditions precedent have been complied with, except that in the case of any
such application or demand as to which the furnishing of such documents is specifically required by any provision of this Indenture
relating to such particular application or demand, no additional certificate or opinion need be furnished.

 

(b) Each certificate or opinion provided
for in this Indenture and delivered to the Trustee with respect to compliance with a condition or covenant in this Indenture shall
include (i) a statement that the Person making such certificate or opinion has read such covenant or condition; (ii) a brief statement
as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such certificate
or opinion are based; (iii) a statement that, in the opinion of such Person, he has made such examination or investigation as is
reasonably necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied
with; and (iv) a statement as to whether or not, in the opinion of such Person, such condition or covenant has been complied with.

 

Section 13.08 Payments on
Business Days.

 

Except as provided pursuant to Section
2.01 pursuant to a Board Resolution, and set forth in an Officer's Certificate, or established in one or more indentures supplemental
to this Indenture, in any case where the date of maturity of interest or principal of any Security or the date of redemption of
any Security shall not be a Business Day, then payment of interest or principal (and premium, if any) may be made on the next succeeding
Business Day with the same force and effect as if made on the nominal date of maturity or redemption, and no interest shall accrue
for the period after such nominal date.

 

    	 	 -38-	 

    

    

 

Section 13.09 Conflict with
Trust Indenture Act.

 

If and to the extent that any provision
of this Indenture limits, qualifies or conflicts with the duties imposed by Sections 310 to 317, inclusive, of the Trust Indenture
Act, such imposed duties shall control.

 

Section 13.10 Counterparts.

 

This Indenture may be executed in any number
of counterparts, each of which shall be an original, but such counterparts shall together constitute but one and the same instrument.

 

Section 13.11 Separability.

 

In case any one or more of the provisions
contained in this Indenture or in the Securities of any series shall for any reason be held to be invalid, illegal or unenforceable
in any respect, such invalidity, illegality or unenforceability shall not affect any other provisions of this Indenture or of such
Securities, but this Indenture and such Securities shall be construed as if such invalid or illegal or unenforceable provision
had never been contained herein or therein.

 

Section 13.12 Compliance Certificates.

 

The Company shall deliver to the Trustee,
within 120 days after the end of each fiscal year during which any Securities of any series were outstanding, an officer's certificate
stating whether or not the signers know of any Default or Event of Default that occurred during such fiscal year. Such certificate
shall contain a certification from the principal executive officer, principal financial officer or principal accounting officer
of the Company that a review has been conducted of the activities of the Company and the Company's performance under this Indenture
and that the Company has complied with all conditions and covenants under this Indenture. For purposes of this Section 13.12, such
compliance shall be determined without regard to any period of grace or requirement of notice provided under this Indenture. If
the officer of the Company signing such certificate has knowledge of such a Default or Event of Default, the certificate shall
describe any such Default or Event of Default and its status.

 

    	 	 -39-	 

    

    

 

ARTICLE 14

 

SUBORDINATION OF SECURITIES

 

Section 14.01 Subordination Terms.

 

The payment by the Company of the principal
of, premium, if any, and interest on any series of Securities issued hereunder shall be subordinated to the extent set forth in
an indenture supplemental hereto relating to such series.

 

    	 	 -40-	 

    

    

 

IN WITNESS WHEREOF,
the parties hereto have caused this Indenture to be duly executed all as of the day and year first above written.

 

	 	HEPION PHARMACEUTICALS, INC.
	 	 
		By:	                                    
	 	Name: 	 
	 	Title:	 
	 	[ TRUSTEE ], as Trustee
	 	By:	 
	 	Name:	 
	 	Title:	 

 

    	 	 -41-Exhibit 10.1

 

EXECUTION COPY

 

 

US$2,800,000,000

AMENDED AND RESTATED 5 YEAR CREDIT AGREEMENT

 

dated as of

April 2, 2021

 

Among

 

Marsh & McLennan
Companies, Inc.

MMC Treasury Holdings (UK) Limited

and the Designated Subsidiaries referred to herein

as Borrowers,

 

The Lenders Listed
Herein

 

and

 

Citibank, N.A.

as Administrative Agent

 

 

 

Bank of America,
N.A.,

Deutsche Bank Securities Inc.

HSBC Bank USA, National Association

JPMorgan Chase Bank, N.A. and

Wells Fargo Bank, National Association

as Syndication Agents

 

Barclays Bank PLC,

Morgan Stanley MUFG Loan Partners, LLC,

TD Bank, N.A.,

The Bank of Nova Scotia and

U.S. Bank, National Association

as Documentation Agents

 

Citibank, N.A.,

BofA Securities, Inc.,

Deutsche Bank Securities Inc. and

HSBC Securities (USA) Inc.

JPMorgan Chase Bank, N.A. and

Wells Fargo Securities, LLC

as Joint Lead Arrangers and Joint Bookrunners

 

 

 

 

  

     

     

    

TABLE OF CONTENTS

 

Page

 

	Article 1 DEFINITIONS	1
	Section 1.1	Definitions	1
	Section 1.2	Accounting Terms and Determinations	29
	Section 1.3	Additional Committed Currencies	30
	Section 1.4	Other Interpretive Provisions	31
	Article 2 THE CREDITS	31
	Section 2.1	The Advances and Letters of Credit	31
	Section 2.2	Making the Advances	34
	Section 2.3	[Reserved]	39
	Section 2.4	Issuance of and Drawings and Reimbursement Under Letters of Credit	39
	Section 2.5	Commitment Fees; Letter of Credit Fees	42
	Section 2.6	Termination or Reduction of the Commitments	42
	Section 2.7	Repayment of Advances and Letter of Credit Drawings	43
	Section 2.8	Interest on Advances	44
	Section 2.9	Interest Rate Determination	45
	Section 2.10	Optional Conversion of Advances.	47
	Section 2.11	Prepayments of Advances.	47
	Section 2.12	General Provisions as to Payments.	49
	Section 2.13	Sharing of Payments, Etc.	50
	Section 2.14	Evidence of Debt.	51
	Section 2.15	Increase in the Aggregate Commitments.	52
	Section 2.16	Extension of Termination Date.	53
	Section 2.17	Benchmark Replacement Setting	56
	Section 2.18	Funding Losses.	65

 

    i 

     

    

TABLE OF CONTENTS

(continued)

 

Page

 

	Section 2.19	Defaulting Lenders	66
	Article 3 CONDITIONS	67
	Section 3.1	Effectiveness of Amendment and Restatement.	67
	Section 3.2	Initial Advance to Each Designated Subsidiary	69
	Section 3.3	Conditions Precedent to Each Borrowing and Issuance	70
	Article 4 REPRESENTATIONS AND WARRANTIES	70
	Section 4.1	Corporate Existence and Power	70
	Section 4.2	Corporate and Governmental Authorization; No Contravention	71
	Section 4.3	Binding Effect	71
	Section 4.4	Financial Information	71
	Section 4.5	Litigation	71
	Section 4.6	Compliance with ERISA	72
	Section 4.7	Taxes	72
	Section 4.8	Subsidiaries	72
	Section 4.9	Regulatory Restrictions on Borrowing	72
	Section 4.10	Full Disclosure	72
	Section 4.11	Use of Credit; Investment Company Act	73
	Section 4.12	Anti-Corruption Laws and Sanctions	73
	Section 4.13	EEA Financial Institution	73
	Section 4.14	Beneficial Ownership Certification	73
	Article 5 COVENANTS	73
	Section 5.1	Information	73
	Section 5.2	Conduct of Business and Maintenance of Existence	75
	Section 5.3	Compliance with Laws; Borrowing Authorization	76

 

    ii 

     

    

TABLE OF CONTENTS

(continued)

 

Page

 

	Section 5.4	Financial Covenants	76
	Section 5.5	Consolidations, Mergers and Sales of Assets	77
	Section 5.6	Use of Proceeds	77
	Section 5.7	Negative Pledge	77
	Section 5.8	Taxes, Etc.	78
	Section 5.9	Maintenance of Insurance	79
	Section 5.10	Subsidiary Debt	79
	Article 6 DEFAULTS	79
	Section 6.1	Events of Default	79
	Section 6.2	Actions in Respect of the Letters of Credit upon Default	82
	Article 7 THE ADMINISTRATIVE AGENT	83
	Section 7.1	Authorization and Authority	83
	Section 7.2	Rights as a Lender	83
	Section 7.3	Duties of Administrative Agent; Exculpatory Provisions	83
	Section 7.4	Reliance by Administrative Agent	85
	Section 7.5	Delegation of Duties	85
	Section 7.6	Resignation of Administrative Agent	85
	Section 7.7	Non-Reliance on Agent and Other Lenders	86
	Section 7.8	Indemnification	87
	Section 7.9	Administrative Agent’s Fee	87
	Section 7.10	No Other Duties, etc.	88
	Section 7.11	Certain ERISA Matters	88
	Section 7.12	Recovery of Erroneous Payments	89

 

    iii 

     

    

TABLE OF CONTENTS

(continued)

 

Page

 

	Article 8 CHANGE IN CIRCUMSTANCES	92
	Section 8.1	Basis for Determining Interest Rate Inadequate or Unfair	92
	Section 8.2	Illegality	92
	Section 8.3	Increased Cost and Reduced Return	93
	Section 8.4	Taxes	94
	Section 8.5	Replacement of Lenders	99
	Section 8.6	VAT	99
	Article 9 GUARANTY	100
	Section 9.1	The Guaranty	100
	Section 9.2	Guaranty Unconditional	101
	Section 9.3	Limit of Liability	102
	Section 9.4	Discharge of Company’s Obligations; Reinstatement in Certain Circumstances	102
	Section 9.5	Waivers by the Company	102
	Section 9.6	Subrogation	102
	Section 9.7	Stay of Acceleration	103
	Article 10 MISCELLANEOUS	103
	Section 10.1	Notices	103
	Section 10.2	No Waivers	105
	Section 10.3	Expenses; Indemnification; Damage Waiver	105
	Section 10.4	No Liability of the Issuing Banks	106
	Section 10.5	Amendments and Waivers	106
	Section 10.6	Successors and Assigns	107
	Section 10.7	Governing Law; Submission to Jurisdiction	112
	Section 10.8	Counterparts; Integration.	113

 

    iv 

     

    

AMENDED AND RESTATED
FIVE YEAR CREDIT AGREEMENT (this “Agreement”) dated as of April 2, 2021 among MARSH & McLENNAN COMPANIES, INC.,
a Delaware corporation (together with its successors, the “Company”), MMC TREASURY HOLDINGS (UK) LIMITED, an English
private limited company (together with its successors, “MTHUK”, and together with the Company and the Designated Subsidiaries
referred to herein, the “Borrowers”), Lenders and Issuing Banks from time to time party hereto and CITIBANK, N.A.
(“Citibank”), as administrative agent hereunder.

 

The Borrowers, the
lenders parties thereto and Citibank, as administrative agent, are parties to the US$1,800,000,000 Amended and Restated 5 Year Credit
Agreement dated as of October 12, 2018 (the “Existing Credit Agreement”). Subject to the satisfaction of the conditions
set forth in Section 3.01, the Borrowers and the parties hereto desire to amend and restate the Existing Credit Agreement as herein set
forth.

 

Accordingly, the
parties hereto agree as follows:

 

Article
1

DEFINITIONS

 

Section 1.1  
Definitions. The following terms, as used herein, have the following meanings:

 

“Additional
Currency” has the meaning set forth in Section 1.3.

 

“Additional
Currency Facility” has the meaning set forth in Section 1.3.

 

“Additional
Currency Facility Addendum” has the meaning set forth in Section 1.3.

 

“Additional
Currency Facility Advance” means an advance under an Additional Currency Facility made in such Additional Currency as part
of an Additional Currency Facility Borrowing and refers to a Eurocurrency Rate Advance or such other advance rate as may be specified
in the applicable Additional Currency Addendum (each of which shall be a “Type” of Additional Currency Facility Advance).

 

“Additional
Currency Facility Borrowing” means a borrowing consisting of simultaneous Additional Currency Facility Advances of the
same Additional Currency and Type made by each Additional Currency Facility Lender that has an Additional Currency Facility Commitment
with respect to such Additional Currency Facility.

 

“Additional
Currency Facility Commitment” means, at any time, with respect to a particular Additional Currency Facility and each Additional
Currency Facility Lender with respect thereto, the US Dollar amount set forth opposite such Lender’s name on the commitment schedule
to the related Additional Currency Facility Addendum, as such amount may be reduced from time to time pursuant to Section 2.6 or changed
as a result of an assignment pursuant to Section 10.6(b).

 

     

     

    

“Additional
Currency Facility Lender” has the meaning set forth in Section 1.3.

 

“Additional
Currency Facility Note” means a promissory note of a Borrower payable to the order of any Additional Currency Facility
Lender, delivered pursuant to a request made under Section 2.14 in substantially the form attached to the applicable Additional Currency
Facility Addendum, evidencing the aggregate indebtedness of such Borrower to such Lender resulting from the Additional Currency Facility
Advances made under such Additional Currency Facility by such Lender.

 

“Administrative
Agent” means Citibank in its capacity as administrative agent for the Lenders hereunder, and its successors in such capacity.

 

“Administrative
Agent’s Account” means (a) in the case of Advances denominated in US Dollars, the account of the Administrative Agent
maintained by the Administrative Agent at Citibank at its office at One Penns Way, OPS 2/2, New Castle, Delaware 19720, Account No. 36852248,
Attention: Bank Loan Syndications, (b) in the case of Advances denominated in any Foreign Currency, the account of the Administrative
Agent or the Australian Sub-Agent, as applicable, designated in writing from time to time by the Administrative Agent to the Borrowers
and the Lenders for such purpose and (c) in any such case, such other account of the Administrative Agent as is designated in writing
from time to time by the Administrative Agent to the Borrowers and the Lenders for such purpose.

 

“Administrative
Questionnaire” means, with respect to each Lender, an administrative questionnaire in the form prepared by the Administrative
Agent and submitted to the Administrative Agent (with a copy to the Company) duly completed by such Lender.

 

“Advance”
means a Revolving Credit Advance, a Canadian Advance, an Australian Advance, a Swing Line Advance or an Additional Currency Facility
Advance.

 

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

 

“Affiliate”
means, with respect to a specified Person, another Person that directly, or indirectly, controls or is controlled by or is under common
control with the Person specified. For purposes of this definition, the term “control” (including the correlative meanings
of the terms “controlled by” and “under common control with”), as used with respect to any Person, means the
possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such Person, whether
through the ownership of voting securities or by contract or otherwise.

 

“Agent
Parties” has the meaning specified in Section 10.1(d)(ii).

 

“Agreement”
has the meaning specified in the preliminary statements.

 

    2 

     

    

“Anti-Corruption
Laws” means all laws, rules, and regulations of any jurisdiction applicable to the Company or its Subsidiaries from time
to time concerning or relating to money laundering, bribery or corruption.

 

“Applicable
Interest Rate Margin” means the Base Rate Margin, the Eurocurrency Margin or the Canadian Prime Rate Margin, as the context
may require.

 

“Applicable
Lending Office” means, with respect to each Lender, such Lender’s Domestic Lending Office in the case of a Base Rate
Advance, such Lender’s Eurocurrency Lending Office in the case of a Eurocurrency Rate Advance, such Lender’s Canadian Domestic
Lending Office in the case of a Canadian Prime Rate Advance, such Lender’s Australian Domestic Lending Office in the case of a
Bank Bill Rate Advance, and the office of such Additional Currency Facility Lender identified in the relevant Additional Currency Facility
Addendum as its “Applicable Lending Office” for purposes of any Additional Currency Facility Advance.

 

“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.

 

“Assuming
Australian Lender” has the meaning specified in Section 2.15.

 

“Assuming
Lender” has the meaning specified in Section 2.15.

 

“Assumption
Agreement” has the meaning specified in Section 2.15.

 

“Australian
Advance” means an advance under the Australian Facility made in Australian Dollars or US Dollars to an Australian Borrower
as part of an Australian Borrowing and refers to a Bank Bill Rate Advance or a Eurocurrency Rate Advance (each of which shall be a “Type”
of Australian Advance).

 

“Australian
Borrower” means any Designated Subsidiary that is organized under the federal laws of Australia or any political subdivision
thereof.

 

“Australian
Borrowing” means a borrowing consisting of simultaneous Australian Advances made by the Australian Lenders pursuant to
Section 2.1(c).

 

“Australian
Commitment” means, with respect to any Australian Lender at any time, the US Dollar amount set forth opposite such Lender’s
name on the Commitment Schedule attached hereto and identified as such, as such amount may be reduced from time to time pursuant to Section
2.6 or changed as a result of an assignment pursuant to Section 10.6(b).

 

“Australian
Dollars” and “AUD” each means the lawful currency of Australia.

 

“Australian
Domestic Lending Office” means, with respect to any Australian Lender, its office located at its address set forth in its
Administrative Questionnaire (or identified in its Administrative Questionnaire as its “Australian Domestic Lending Office”)
or such other office

 

    3 

     

    

in Australia as such
Lender may hereafter designate as its Australian Domestic Lending Office by notice to the Australian Borrowers and the Administrative
Agent.

 

“Australian
Facility” means, at any time, the aggregate amount of the Australian Commitments at such time.

 

“Australian
Interest Period” means, for each Bank Bill Rate Advance, the period commencing on the date of such Bank Bill Rate Advance
and ending on the last day of the period selected by the Borrower requesting such Borrowing pursuant to the provisions below and, thereafter,
each subsequent period commencing on the last day of the immediately preceding Australian Interest Period and ending on the last day
of the period selected by such Borrower pursuant to the provisions below. The duration of each such Australian Interest Period shall
be one, two or three months, or such other period agreed with the Australian Sub-Agent, upon notice received by the Australian Sub-Agent
not later than 11:00 a.m. (Sydney time) on the second Business Day before the last day of the current Australian Interest Period (or,
such other time agreed by the Australian Sub-Agent); provided, however, that:

 

(a)  an
Australian Interest Period which would otherwise end after any Termination Date shall end on such Termination Date; and

 

(b)  whenever
the last day of any Australian Interest Period would otherwise occur on a day other than a Business Day, the last day of such Australian
Interest Period shall be extended to occur on the next succeeding Business Day, provided, however, that, if such extension
would cause the last day of such Australian Interest Period to occur in the following calendar month, the last day of such Australian
Interest Period shall occur on the next preceding Business Day.

 

“Australian
Lender” means any Lender that has (together with its Affiliates) an Australian Commitment and a Revolving Credit Commitment.

 

“Australian
Note” means a promissory note of an Australian Borrower payable to the order of any Australian Lender, delivered pursuant
to a request made under Section 2.14 in substantially the form of Exhibit F-3 hereto, evidencing the aggregate indebtedness of such Borrower
to such Lender resulting from the Australian Advances made by such Lender.

 

“Australian
Reference Banks” means Citibank and Australia and New Zealand Banking Group Limited; provided if any of such banks
ceases to be an Australian Lender, such bank shall also cease to be an Australian Reference Bank, and a successor Australian Reference
Bank shall be chosen by the Australian Sub-Agent from the Australian Lenders and identified as such by notice from the Australian Sub-Agent
to the Australian Borrowers and the Australian Lenders, provided that such designated Australian Lender (i) has been approved by the
Australian Borrowers to perform such role (such approval not to be unreasonably withheld) and (ii) has agreed to perform such role.

 

“Australian
Sub-Agent” means Citisecurities Limited.

 

    4 

     

    

“Available
Amount” of any Letter of Credit 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).

 

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

 

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

 

“Bank
Bill Rate” means, for an Australian Interest Period for each Bank Bill Rate Advance comprising part of the same Australian
Borrowing, an interest rate per annum equal to (a) the rate percent per annum determined by the Australian Sub-Agent being the average
bid rate (rounded up to 4 decimal places) quoted on page “BBSY” (or any page that replaces that page) on the Bloomberg monitor
system at or about 10.30 A.M. (Sydney time) on the first day of such Interest Period for a period equal to, or most closely approximating,
such Interest Period or (b) if the Bank Bill Rate cannot be determined in accordance with clause (a) of this definition, the rate percent
per annum determined by the Australian Sub-Agent as the average of the rates quoted to the Australian Sub-Agent by each Australian Reference
Bank for the purchase of Bills accepted by such Australian Reference Bank which have a tenor equal to such Interest Period and a face
value equal to the amount of the applicable Bank Bill Rate Advances of such Australian Reference Banks; or (c) if the Bank Bill Rate
cannot be determined in accordance with clauses (a) of (b) of this definition, the rate percent per annum determined by the Australian
Sub-Agent in good faith (after consultation with the relevant Australian Borrower) to be the appropriate rate having regard to comparable
indices then available in the then current Bill market); provided, that if the Bank Bill Rate is less than zero, such rate shall be deemed
to be zero for purposes of this Agreement.

 

“Bank
Bill Rate Advance” means an Australian Advance denominated in Australian Dollars that bears interest as provided in Section
2.8(a)(iv).

 

“Bank
Bill Rate Margin” means a rate per annum equal to the Eurocurrency Margin at the applicable date of determination, which,
in the case of a Bank Bill Rate Advance, shall be the date of determination of the applicable Bank Bill Rate.

 

    5 

     

    

“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;

 

		(b)	1⁄2 of one percent per annum above
                                            the Federal Funds Rate; and

 

		(c)	the Eurocurrency Rate applicable to US
                                            Dollars for a period of one month (“One Month LIBOR”) plus 1.00%
                                            (for the avoidance of doubt, the One Month LIBOR for any day shall be based on the rate appearing
                                            on applicable Bloomberg screen (or other commercially available source providing such quotations
                                            as designated by the Administrative Agent from time to time) at approximately 11:00 A.M.
                                            London time on such day); provided, that if One Month LIBOR is less than zero, such rate
                                            shall be deemed to be zero for purposes of this Agreement.

 

“Base
Rate Advance” means an Advance denominated in US Dollars that bears interest as provided in Section 2.8(a)(i).

 

“Base
Rate Margin” means a rate per annum determined in accordance with the Pricing Schedule.

 

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

 

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

 

“Beneficiary”
has the meaning specified in Section 9.1.

 

“Bill”
has the meaning it has in the Bills of Exchange Act 1909 (Cwlth) and a reference to the drawing, acceptance or endorsement of, or
other dealing with, a Bill is to be interpreted in accordance with that Act.

 

“Borrower”
means the Company and each Subsidiary Borrower.

 

“Borrower
Entities” has the meaning specified in Section 10.17.

 

“Borrowing”
means a Revolving Credit Borrowing, a Canadian Borrowing, an Australian Borrowing, a Swing Line Borrowing or an Additional Currency Facility
Borrowing.

 

“Borrowing
Minimum” means, in respect of Advances denominated in US Dollars, US$10,000,000, in respect of Advances denominated in
Yen, ¥50,000,000, in respect of Advances denominated in Euros, €5,000,000, in respect of Advances denominated in Canadian Dollars,
CN$5,000,000, in respect of Advances denominated in Australian Dollars, AUD10,000,000, and in respect of Advances denominated in an Additional
Currency, the amount specified in the applicable Additional Currency Facility Addendum.

 

    6 

     

    

“Borrowing
Multiple” means, in respect of Advances denominated in US Dollars, US$1,000,000 in respect of Advances denominated in Yen,
¥10,000,000, in respect of Advances denominated in Euros, €1,000,000, in respect of Advances denominated in Canadian Dollars,
CN$1,000,000, in respect of Advances denominated in Australian Dollars, AUD1,000,000, and in respect of Advances denominated in an Additional
Currency Facility, the amount specified in the applicable Additional Currency Facility Addendum.

 

“Business
Day” means a day of the year on which banks are not required or authorized by law to close in New York City and (a) if
the applicable Business Day relates to any Eurocurrency Rate Advances, on which dealings are carried on in the London interbank market
and banks are open for business in London and in the country of issue of the currency of such Eurocurrency Rate Advance (or, in the case
of an Advance denominated in Euro, on which the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET) System
is open), (b) if the applicable Business Day relates to a Canadian Advance, on which banks are open for business in Toronto, Ontario,
Canada, and (c) if the applicable Business Day relates to an Australian Advance, on which banks are open for business in Sydney, New
South Wales, Australia.

 

“Canadian
Advance” means an advance under the Canadian Facility made in Canadian Dollars or US Dollars to a Canadian Borrower and
refers to a Canadian Prime Rate Advance, a Base Rate Advance or a Eurocurrency Rate Advance (each of which shall be a “Type”
of Canadian Advance).

 

“Canadian
Borrower” means any Designated Subsidiary that is organized under the federal laws of Canada or any political subdivision
thereof.

 

“Canadian
Borrowing” means a borrowing consisting of simultaneous Canadian Advances made by the Canadian Lenders pursuant to Section
2.1(b).

 

“Canadian
Commitment” means, with respect to any Canadian Lender at any time, the US Dollar amount set forth opposite such Lender’s
name on the Commitment Schedule attached hereto and identified as such, as such amount may be reduced from time to time pursuant to Section
2.6 or changed as a result of an assignment pursuant to Section 10.6(b).

 

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

 

“Canadian
Domestic Lending Office” means, with respect to any Canadian Lender, its office located in Canada at its address set forth
in its Administrative Questionnaire (or identified in its Administrative Questionnaire as its “Canadian Domestic Lending Office”)
or such other office in Canada as such Lender may hereafter designate as its Canadian Domestic Lending Office by notice to the Canadian
Borrowers and the Administrative Agent.

 

“Canadian
Facility” means, at any time, the aggregate amount of the Canadian Commitments at such time.

 

    7 

     

    

“Canadian
Interbank Rate” means the interest rate, expressed as a percentage per annum, which is customarily used by the Administrative
Agent when calculating interest due by it or owing to it from or in connection with correction of errors between it and other Canadian
chartered or authorized foreign banks); provided, that if the Canadian Interbank Rate is less than zero, such rate shall be deemed to
be zero for purposes of this Agreement.

 

“Canadian
Lender” means any Lender that has a Canadian Commitment (with respect to which such Lender is a Schedule I Bank, a Schedule
II Bank, a Schedule III Bank or a Person established under the laws of Canada or any province or territory thereof that is authorized
to carry on business in Canada pursuant to Part XII of the Bank Act (Canada)) and (together with its Affiliates) a Revolving Credit Commitment.

 

“Canadian
Note” means a promissory note of a Canadian Borrower payable to the order of any Canadian Lender, delivered pursuant to
a request made under Section 2.14 in substantially the form of Exhibit F-2 hereto, evidencing the aggregate indebtedness of such Borrower
to such Lender resulting from the Canadian Advances made by such Lender.

 

“Canadian
Prime Rate” means, for any day, a rate per annum equal to the higher of (a) the rate of interest per annum established
by Citibank Canada as the reference rate of interest then in effect for determining interest rates on commercial loans denominated in
Canadian Dollars made by it in Canada and (b) the sum of 1⁄2 of 1% plus the one-month CDOR Rate for such day); provided, that if
the one-month CDOR Rate is less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

 

“Canadian
Prime Rate Advance” means a Canadian Advance denominated in Canadian Dollars that bears interest as provided in Section
2.8(a)(ii).

 

“Canadian
Prime Rate Margin” means a rate per annum determined in accordance with the Pricing Schedule.

 

“CCAA”
means the Companies’ Creditors Arrangement Act (Canada).

 

“CDOR
Rate” means on any date, with respect to a particular term as specified herein, the per annum rate of interest which is
the rate based on an average rate applicable to Canadian Dollar bankers’ acceptances for the applicable term appearing on the applicable
Bloomberg screen as of 10:00 A.M. on such date, or if such date is not a Business Day, then on the immediately preceding Business
Day (as adjusted by the Administrative Agent after 10:00 A.M. to reflect any error in any posted rate or in the posted average annual
rate); provided, however, if such rate does not appear on the applicable Bloomberg screen as contemplated, then the CDOR
Rate on any date shall be calculated as the arithmetic mean of the rates for the applicable term applicable to Canadian Dollar bankers’
acceptances quoted by the Schedule I Reference Banks as of 10:00 A.M. on such date, or if such date is not a Business Day, then
on the immediately preceding Business Day); provided, further, that if the CDOR Rate is less than zero, such rate shall
be deemed to be zero for purposes of this Agreement.

 

“Citibank”
has the meaning specified in the preliminary statements.

 

    8 

     

    

“Commitment”
means a Revolving Credit Commitment, a Canadian Commitment, an Australian Commitment, a Letter of Credit Commitment, a Swing Line Commitment
or an Additional Currency Facility Commitment.

 

“Commitment
Increase” has the meaning specified in Section 2.15.

 

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

 

“Committed
Currencies” means Australian Dollars, Canadian Dollars, Euros, Yen and each other currency (other than US Dollars) that
is approved in accordance with Section 1.3.

 

“Communications”
has the meaning specified in Section 10.1(d)(ii).

 

“Company”
has the meaning specified in the preliminary statements.

 

“Consenting
Lender” has the meaning specified in Section 2.16(b).

 

“Consolidated”
refers to the consolidation of accounts in accordance with generally accepted accounting principles.

 

“Consolidated
Adjusted EBITDA” means, for any Measurement Period, the sum, determined on a Consolidated basis for the Company and its
Subsidiaries, without duplication, of

 

(a)   Consolidated
net income (or net loss) of the Company and its Subsidiaries for such Measurement Period,

 

(b)   plus
to the extent deducted in arriving at such Consolidated net income (or net loss) (without duplication),

 

(i)  
interest expense,

 

(ii)  
income tax expense,

 

(iii)  
depreciation expense,

 

(iv)  
amortization expense,

 

(v)  
all extraordinary, one-time, non-recurring or unusual charges (including charges in respect of litigation and the settlement thereof
and integration and restructuring charges),

 

(vi)  
the amount of any losses (and minus the amount of any gains) associated with sales of assets other than in the ordinary course
of business, and any costs associated with discontinued operations,

 

    9 

     

    

(vii)  
stock option compensation expense resulting from the adoption of Financial Accounting Standards Board Statement No. 123R and other
non-cash, equity-based charges or expenses,

 

(viii)  
 the amount of any increase (or minus the amount of any decrease) in pension expense (other than service costs) resulting from
the application of Financial Accounting Standards Board Statement No. 87 or any successor thereto,

 

(ix)  
any impairment charge or asset write-off or write-down (including related to intangible assets, including goodwill, long-lived
assets, and investments in debt and equity),

 

(x)  
expense arising from the early extinguishment of Indebtedness,

 

(xi)  
any fees, costs and expenses (including, without limitation, any issuance costs, advisory and professional fees, any transaction
incentives or retention bonuses or similar payments, earnouts or other contingent consideration, and purchase price adjustments), or
any amortization thereof, in connection with any acquisition, investment, asset disposition, issuance, repayment, refinancing or amendment
or other modification of any Indebtedness and any issuance of Equity Interests (in each case, including any such transaction undertaken
but not completed), in an aggregate amount not to exceed 5% of the aggregate consideration for (or principal amounts of) such transactions,

 

(xii)  
any non-cash charges or losses or realized losses attributable to mark-to-market adjustments of derivative instruments entered
into in connection with any acquisition;

 

(c)  minus
any non-cash or realized gains attributable to mark-to-market adjustments of derivative instruments entered into in connection with
any acquisition;

 

in each case determined
in accordance with generally accepted accounting principles for such Measurement Period. For any Measurement Period during which the
Company or any Subsidiary shall have consummated a Specified Transaction (as defined below), Consolidated Adjusted EBITDA for such Measurement
Period shall be calculated after giving pro forma effect thereto as if such Specified Transaction occurred on the first day of such Measurement
Period. For purposes hereof, “Specified Transaction” means any transaction or series of related transactions resulting
in (a) the acquisition or disposition of all or substantially all of the assets of a Person, or of any business or division of a Person,
(b) the acquisition or disposition of in excess of 50% of the Equity Interests of any Person or (c) a merger or consolidation or any
other combination with another Person (other than the Company or any of its Subsidiaries).

 

“Consolidated
Funded Debt” means, without duplication, all Debt of the Company and its Subsidiaries determined on a Consolidated basis,
net of cash and cash equivalents held in the United States free of Liens and rights of others.

 

    10 

     

    

“Consolidated
Interest Coverage Ratio” means, for any Measurement Period, the ratio of (a) Consolidated Adjusted EBITDA to (b) interest
expense determined on a Consolidated basis (other than (x) fees paid in connection with the prepayment of the Mortgage or any bonds,
debentures or notes and (y) interest payable in respect of Debt incurred within a year of the maturity date of bonds, debentures or notes
issued by the Company (“Prefunded Debt”) to prefund the repayment of Prefunded Debt on such maturity date, in each
case under this clause (y) for so long as the related Prefunded Debt remains outstanding), in each case for such Measurement Period.

 

“Consolidated
Leverage Ratio” means, at any date of determination, the ratio of Consolidated Funded Debt at such date to Consolidated
Adjusted EBITDA for the most recently completed Measurement Period.

 

“Consolidated
Leverage Ratio Covenant” has the meaning specified in Section 5.4.

 

“Consolidated
Net Worth” means, as of any date of determination, for the Company and its Consolidated Subsidiaries, shareholders’
equity of the Company and its Subsidiaries on that date.

 

“Consolidated
Subsidiary” means at any date any Subsidiary or other entity the accounts of which would be consolidated with those of
the Company in its consolidated financial statements if such statements were prepared as of such date.

 

“Convert”,
“Conversion” and “Converted” each refers to a conversion of Advances under a Facility
of one Type into Advances of the other Type under such Facility pursuant to Section 2.9, 2.10 or 2.17.

 

“Covenant
Reset Notice” has the meaning specified in Section 5.4.

 

“Covenant
Reset Period” has the meaning specified in Section 5.4.

 

“Debt”
of any Person means at any date, without duplication, (i) all obligations of such Person for borrowed money, (ii) all obligations of
such Person evidenced by bonds, debentures, notes or other similar instruments, (iii) all obligations of such Person to pay the deferred
purchase price of property or services, except trade accounts payable arising in the ordinary course of business which are classified
as short-term or long-term debt in accordance with generally accepted accounting principles, (iv) all obligations of such Person as lessee
which are capitalized in accordance with generally accepted accounting principles, (v) all non-contingent obligations (and, for purposes
of Section 5.7 and the definitions of Material Debt and Material Financial Obligations, all contingent obligations) of such Person to
reimburse any bank or other Person in respect of amounts paid under a letter of credit or similar instrument, (vi) all Unpaid Settlement
Costs net of savings in taxes reasonably estimated to be realized by such Person in the future as a direct result of the deductibility
of the amount thereof for tax purposes, (vii) all Debt secured by a Lien on any asset of such Person, whether or not such Debt is otherwise
an obligation of such Person and (viii) all Debt of others Guaranteed by such Person.

 

    11 

     

    

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

 

“Default
Rate” means, in respect of any principal of any Advance or any other amount under this Agreement that is not paid when
due (whether at stated maturity, by acceleration, by optional or mandatory prepayment or otherwise), a rate per annum during the period
from and including the due date to but excluding the date on which such amount is paid in full equal to 2% plus the Base Rate (or in
the case of Canadian Advances, the Canadian Prime Rate) as in effect from time to time (provided that, if the amount so in default
is principal of a Eurocurrency Rate Advance and the due date thereof is a day other than the last day of the Interest Period therefor,
the “Default Rate” for such principal shall be, for the period from and including such due date to but excluding the last
day of the Interest Period, 2% plus the interest rate for such Advance as provided in Section 2.8 and, thereafter, the rate provided
for above in this definition).

 

“Defaulting
Lender” means, subject to Section 2.19(d), any Lender that (a) fails to fund any portion of its Advances at a time when
the conditions precedent set forth in Article 3 to make any Advance hereunder are satisfied, or fails to fund participations in Letters
of Credit or Swing Line Advances within three Business Days of the date required to be funded, unless, in the case of any Advance, such
Lender notifies the Administrative Agent and the Borrower in writing that such failure is the result of such Lender’s determination
that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be
specifically identified in such writing) has not been satisfied, (b) is or becomes (or whose parent
company is or becomes) the subject of a bankruptcy or insolvency proceeding or a Bail-In Action, (c) notifies the Company,
the Administrative Agent, any Issuing Bank, any Swing Line Bank or any Lender in writing that it does not intend to comply with any of
its funding obligations under this Agreement or has made a public statement to the effect that it does not intend to comply with its
funding obligations under this Agreement or under other agreements generally in which it commits to extend credit (unless such writing
or public statement relates to such Lender’s obligation to fund an Advance hereunder and states that such position is based on
such Lender’s determination that a condition precedent to funding (which condition precedent, together with any applicable default,
shall be specifically identified in such writing or public statement) cannot be satisfied) or (d) fails, within three Business Days after
request by the Administrative Agent, to confirm that it will comply with the terms of this Agreement relating to its obligations to fund
prospective Advances and participations in then outstanding Letters of Credit, provided that such Lender shall cease to be a Defaulting
Lender under this clause (d) upon receipt of such information; provided, further, that a Lender shall not be a Defaulting
Lender solely by virtue of the ownership or acquisition of any ownership interest in such lender or parent company thereof or the exercise
of control over a Lender or parent company thereof by a governmental authority or instrumentality thereof so long as such ownership interest
does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement
of judgments or writs of attachment on its assets or permit such Lender (or such governmental authority) to reject, repudiate, disavow
or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting
Lender under clauses (a) through (d) above shall be conclusive and

 

    12 

     

    

binding absent manifest
error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.19(d)) upon delivery of written notice of such
determination to the Borrower, each Issuing Bank, each Swing Line Bank and each Lender.

 

“Derivatives
Obligations” of any Person means all obligations of such Person in respect of any rate swap transaction, basis swap, forward
rate transaction, commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond option, interest
rate option, foreign exchange transaction, cap transaction, floor transaction, collar transaction, currency swap transaction, cross-currency
rate swap transaction, currency option or other similar transaction (including any option with respect to any of the foregoing transactions)
or any combination of the foregoing transactions.

 

“Designated
Subsidiary” means any direct or indirect wholly-owned Subsidiary of the Company designated for borrowing privileges under
this Agreement pursuant to Section 10.13.

 

“Designation
Agreement” means, with respect to any Designated Subsidiary, an agreement in the form of Exhibit E hereto signed by such
Designated Subsidiary and the Company.

 

“Domestic
Lending Office” means, as to each Lender, its office located at its address set forth in its Administrative Questionnaire
(or identified in its Administrative Questionnaire as its Domestic Lending Office) or such other office as such Lender may hereafter
designate as its Domestic Lending Office by notice to the Borrowers and the Administrative Agent.

 

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

 

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

 

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

 

“Eligible
Assignee” means any Person that meets the requirements to be an assignee under Section 10.6(b)(iii), (v) and (vi) (subject
to such consents, if any, as may be required under Section 10.6(b)(iii)).

 

“Environmental
Laws” means any and all Federal, state, local and foreign environmental laws, rules or regulations, and any environmental
orders or decrees, in each case as now or hereafter in effect, relating to the regulation or protection of human health, safety or the
environment or to emissions, discharges, releases or threatened releases of pollutants,

 

    13 

     

    

contaminants, chemicals
or toxic or hazardous substances or wastes into the indoor or outdoor environment, including, without limitation, ambient air, soil,
surface water, ground water, wetlands, land or subsurface strata, or otherwise relating to the manufacture, processing, distribution,
use, treatment, storage, disposal, transport or handling of pollutants, contaminants, chemicals or toxic or hazardous substances or wastes.

 

“EONIA”
means, in relation to a Business Day and any amount denominated in Euro, the applicable euro overnight index average administered
by the Banking Federation of the European Union (or any other person which takes over the administration of that rate) for the relevant
Business Day displayed on page EONIA= of the applicable Bloomberg screen as
of 5:00 P.M. (London time) on the Business Day preceding the date of determination for the offering of deposits in Euro for the period
from 1 (one) Business Day to the immediately following Business Day; provided, that if EONIA is less than zero, such rate
shall be deemed to be zero for purposes of this Agreement.

 

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

 

“Equivalent”
(i) means, at any date of determination thereof, in US Dollars of any Foreign Currency or in any Foreign Currency of US Dollars on any
date, means the spot rate of exchange that appears at 11:00 A.M. (London time), on the display page applicable to the relevant currency
on the Oanda website on such date; provided that if there shall at any time no longer exist such a page on such website, the spot
rate of exchange shall be determined by reference to another similar rate publishing service selected by the Administrative Agent.

 

“ERISA”
means the Employee Retirement Income Security Act of 1974, as amended, or any successor statute.

 

“ERISA
Group” means the Company and all members of a controlled group of corporations and all trades or businesses (whether or
not incorporated) under common control which, together with the Company, are treated as a single employer under Section 414 of the Internal
Revenue Code.

 

“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.

 

“EURIBO
Rate” means, for any Interest Period, the rate appearing on applicable Bloomberg screen (or on any successor or substitute
page of such Service, or any successor to or substitute for such Service, providing rate quotations comparable to those currently provided
on such page of such Service, as determined by the Administrative Agent from time to time for purposes of providing quotations of interest
rates applicable to deposits in Euro by reference to the Banking Federation of the European Union Settlement Rates for deposits in Euro)
at approximately 10:00 A.M., London time, two Business Days prior to the commencement of such

 

    14 

     

    

Interest Period, as
the rate for deposits in Euro with a maturity comparable to such Interest Period; provided, that if the EURIBO Rate is less than
zero, such rate shall be deemed to be zero for purposes of this Agreement.

 

“Euro”
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.

 

“Eurocurrency
Lending Office” means, with respect to any Lender, its office, branch or affiliate located at its address set forth in
its Administrative Questionnaire (or identified in its Administrative Questionnaire as its Eurocurrency Lending Office), or such other
office, branch or affiliate of such Lender as such Lender may hereafter designate as its Eurocurrency Lending Office by notice to the
Borrowers and the Administrative Agent.

 

“Eurocurrency
Liabilities” has the meaning assigned to that term in Regulation D of the Board of Governors of the Federal Reserve System,
as in effect from time to time.

 

“Eurocurrency
Margin” means a rate per annum determined in accordance with the Pricing Schedule at the applicable date of determination,
which, in the case of a Eurocurrency Rate Advance, shall be the date of determination of the applicable Eurocurrency Rate.

 

“Eurocurrency
Rate” means, for any Interest Period for each Eurocurrency Rate Advance comprising part of the same Borrowing, an interest
rate per annum equal to (a) in the case of any Advance denominated in US Dollars or any LIBOR Committed Currency other than Euro, the
rate per annum (rounded upward to the nearest whole multiple of 1/16 of 1% per annum) appearing on the applicable Bloomberg screen (or
any successor page) as the London interbank offered rate (“LIBOR”) for deposits in US Dollars or the applicable
LIBOR Committed Currency at approximately 11:00 A.M. (London time) two Business Days prior to the first day of such Interest Period
for a term comparable to such Interest Period or (b) in the case of any Advance denominated in Euros, the EURIBO Rate; provided,
in each case, that if the Eurocurrency Rate is less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

 

“Eurocurrency
Rate Advance” means an Advance denominated in US Dollars or a LIBOR Committed Currency that bears interest as provided
in Section 2.8(a)(iii).

 

“Event
of Default” has the meaning set forth in Section 6.1.

 

“Existing
Credit Agreement” has the meaning specified in the preliminary statements.

 

“Extension
Date” has the meaning specified in Section 2.16(b).

 

“Facility”
means the Revolving Credit Facility, the Canadian Facility, the Australian Facility, the Letter of Credit Facility, the Swing Line Facility
or an Additional Currency Facility.

 

“FATCA”
means (i) Sections 1471 through 1474 of the Internal Revenue Code in effect on the date hereof (or any amended or successor version that
is substantively comparable and not

 

    15 

     

    

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 Internal Revenue Code and (ii) any similar law adopted by any non-U.S. governmental authority
pursuant to an intergovernmental agreement between such non-U.S. jurisdiction and the United States.

 

“Federal
Funds Rate” means, for any day, the rate calculated by the New York Federal Reserve Bank based on such day’s federal
funds transactions by depositary institutions (as determined in such manner as the New York Federal Reserve Bank shall set forth on its
public website from time to time) and published on the next succeeding Business Day by the New York Federal Reserve Bank as an overnight
bank funding rate (from and after such date as the New York Federal Reserve Bank shall commence to publish such composite rate), 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 the Administrative Agent; provided,
that if the Federal Funds Rate is less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

 

“Finance
Party” has the meaning specified in Section 8.6.

 

“Foreign
Currency” means any Committed Currency or any other lawful currency (other than US Dollars) that is freely transferable
or convertible into US Dollars.

 

“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.

 

“Granting
Lender” has the meaning set forth in Section 10.6(b)(viii).

 

“Guarantee”
by any Person means any obligation, contingent or otherwise, of such Person directly or indirectly guaranteeing any Debt of any other
Person and, without limiting the generality of the foregoing, any obligation, direct or indirect, contingent or otherwise, of such Person
(i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Debt (whether arising by virtue of partnership
arrangements, by agreement to keep-well, to purchase assets, goods, securities or services, to take-or-pay, or to maintain financial
statement conditions or otherwise) or (ii) entered into for the purpose of assuring in any other manner the holder of such Debt of the
payment thereof or to protect such holder against loss in respect thereof (in whole or in part), provided that the term Guarantee
shall not include endorsements for collection or deposit in the ordinary course of business. The term “Guarantee”
used as a verb has a correlative meaning.

 

“Guaranteed
Obligations” has the meaning specified in Section 9.1.

 

“Guaranty”
means the obligations of the Company under Article 9 hereof.

 

“Increasing
Australian Lender” has the meaning specified in Section 2.15.

 

    16 

     

    

“Increasing
Lender” has the meaning specified in Section 2.15.

 

“Indemnitee”
has the meaning set forth in Section 10.3(b).

 

“Information”
has the meaning set forth in Section 10.11.

 

“Interest
Period” means, for each Eurocurrency Rate Advance comprising part of the same Borrowing, the period commencing on the date
of such Eurocurrency Rate Advance or the date of the Conversion of any Base Rate Advance into such Eurocurrency Rate Advance and ending
on the last day of the period selected by the Borrower requesting such Borrowing pursuant to the provisions below and, thereafter, with
respect to Eurocurrency Rate Advances, each subsequent period commencing on the last day of the immediately preceding Interest Period
and ending on the last day of the period selected by such Borrower pursuant to the provisions below. The duration of each such Interest
Period shall be one, three or six months, and subject to clause (c) of this definition, twelve month (or, for Eurocurrency Rate Advances
denominated in Canadian Dollars, one or three months), as the applicable Borrower may, upon notice received by the Administrative Agent
not later than 11:00 A.M. (New York City time) on the third Business Day prior to the first day of such Interest Period, select; provided,
however, that:

 

(a)  the
Borrowers may not select any Interest Period that ends after any Termination Date unless, after giving effect to and reduction of the
Revolving Credit Commitments on such Termination Date, the aggregate principal amount of Base Rate Advances and of Eurocurrency Rate
Advances having Interest Periods that end on or prior to such Termination Date shall be at least equal to the aggregate principal amount
of Advances due and payable on or prior to such date;

 

(b)  Interest
Periods commencing on the same date for Eurocurrency Rate Advances comprising part of the same Borrowing shall be of the same duration;

 

(c)  the
Borrowers shall not be entitled to select an Interest Period having duration of twelve months unless, by 2:00 P.M. (New York City time)
on the third Business Day prior to the first day of such Interest Period, each Lender notifies the Administrative Agent that such Lender
will be providing funding for such Borrowing with such Interest Period (the failure of any Lender to so respond by such time being deemed
for all purposes of this Agreement as an objection by such Lender to the requested duration of such Interest Period); provided
that, if any or all of the Lenders object to the requested duration of such Interest Period, the duration of the Interest Period for
such Borrowing shall be one, three or six months, as specified by the Borrower requesting such Borrowing in the applicable Notice of
Borrowing as the desired alternative to an Interest Period of twelve months;

 

(d)  whenever
the last day of any Interest Period would otherwise occur on a day other than a Business Day, the last day of such Interest Period shall
be extended to occur on the next succeeding Business Day, provided, however, that, if such extension would cause the last
day of such Interest Period to occur in the next following calendar month, the last day of such Interest Period shall occur on the next
preceding Business Day; and

 

    17 

     

    

(e)  whenever
the first day of any Interest Period occurs on a day of an initial calendar month for which there is no numerically corresponding day
in the calendar month that succeeds such initial calendar month by the number of months equal to the number of months in such Interest
Period, such Interest Period shall end on the last Business Day of such succeeding calendar month.

 

“Internal
Revenue Code” means the Internal Revenue Code of 1986, as amended, or any successor statute.

 

“ISP”
has the meaning specified in Section 2.4(h).

 

“Issuance”
with respect to any Letter of Credit means the issuance, amendment, renewal or extension of such Letter of Credit.

 

“Issuing
Bank” means each of Citibank, N.A., Deutsche Bank AG New York Branch, Bank of America, N.A., HSBC Bank USA, National Association,
JPMorgan Chase Bank, N.A. and Wells Fargo Bank, National Association or any other Lender or any Eligible Assignee to which a portion
of the Letter of Credit Commitment hereunder has been assigned pursuant to Section 10.6 so long as such Lender or Eligible Assignee
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 Administrative Agent of its Applicable Lending Office (which information shall
be recorded by the Administrative Agent ), for so long as such Initial Issuing Bank, Lender or Eligible Assignee, as the case may be,
shall have a Letter of Credit Commitment.

 

“L/C
Cash Deposit Account” means an interest bearing cash deposit account to be established and maintained by the Administrative
Agent, over which the Administrative Agent shall have sole dominion and control, upon terms as may be satisfactory to the Administrative
Agent.

 

“L/C
Related Documents” has the meaning specified in Section 2.7(c)(i).

 

“Lender
Appointment Period” has the meaning specified in Section 7.6.

 

“Lenders”
means each lender listed on the signature pages hereof, each Issuing Bank, each Swing Line Bank, each Assuming Lender that shall become
a party hereto pursuant to Section 2.15 or 2.16 and each Person that shall become a party hereto pursuant to Section 10.6.

 

“Letter
of Credit” has the meaning specified in Section 2.1(d).

 

“Letter
of Credit Agreement” has the meaning specified in Section 2.4(a).

 

“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 the Borrowers and their specified Subsidiaries in the US Dollar amount set forth opposite the Issuing Bank’s
name on the Commitment Schedule attached hereto and identified as such, as such amount may be reduced from time to time pursuant to Section
2.6, increased by designation to the

 

    18 

     

    

Administrative Agent
and the Company from time to time or changed as a result of an assignment pursuant to Section 10.6(b).

 

“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) US$500,000,000 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 2.6.

 

“LIBOR”
has the meaning set forth in the definition of Eurocurrency Rate.

 

“LIBOR
Committed Currencies” means US Dollar, Euros, Yen and each other currency (other than US Dollars) that is approved in accordance
with Section 1.3.

 

“Lien”
means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind, or any other type
of preferential arrangement that has the practical effect of creating a security interest, in respect of such asset. For the purposes
of this Agreement, the Company or any Subsidiary shall be deemed to own subject to a Lien any asset which it has acquired or holds subject
to the interest of a vendor or lessor under any conditional sale agreement, capital lease or other title retention agreement relating
to such asset.

 

“Loan
Documents” means (i) this Agreement, (ii) the Notes, (iii) each Letter of Credit Agreement and (iv) each Additional Currency
Facility Addendum.

 

“Margin
Stock” means “margin stock” within the meaning of Regulations U and X.

 

“Material
Debt” means Debt (other than the Advances made hereunder) of the Company and/or one or more of its Subsidiaries, arising
in one or more related or unrelated transactions, in an aggregate principal amount exceeding US$150,000,000.

 

“Material
Financial Obligations” means any Debt and/or Derivatives Obligation of the Company and/or one or more of its Subsidiaries,
arising in one or more related or unrelated transactions, the principal or face amount (with respect to Debt) or Settlement Amount (with
respect to Derivatives Obligations, after giving effect to any netting arrangements) of which exceeds in the aggregate US$150,000,000.

 

“Material
Plan” means at any time a Plan or Plans having aggregate Unfunded Liabilities in excess of US$50,000,000.

 

“Material
Subsidiary” means at any time a Subsidiary which as of such time meets the definition of a “significant subsidiary”
contained as of the date hereof in Regulation S-X of the Securities and Exchange Commission.

 

“Measurement
Period” means, at any date of determination, the most recently completed four consecutive fiscal quarters of the Company
ending on or prior to such date.

 

“Mortgage”
means (a) the Loan Agreement, dated as of September 29, 2005, as amended by a First Amendment to Loan Agreement and Other Documents dated
as of October 26, 2005,

 

    19 

     

    

between the Real Estate
Borrowers and Lehman Brothers Bank FSB, a federal savings bank, as may be further amended and supplemented from time to time, secured
by the Mortgaged Property (the “Original Mortgage”), and (b) any other instrument of indebtedness secured by the Mortgaged
Property or otherwise secured by the direct or indirect ownership interests of one or more of the Real Estate Borrowers and the Subsidiaries
in the Mortgaged Property, provided that (i) recourse to the Company and any Subsidiary (other than the Real Estate Borrowers)
is limited to customary non-recourse carve-outs and environmental indemnities provided in commercial real estate financings, and (ii)
the security for any such indebtedness is limited to the Mortgaged Property, the direct and indirect ownership interests in the Mortgaged
Property and any other interest held by the Company and its Subsidiaries in the Mortgaged Property, including, without limitation, the
Primary Leases, the Sponsor Lease and the Primary Lease Guaranty (if any), as described in the Original Mortgage. For purposes of this
definition, “Real Estate Borrowers” means MMC Borrower LLC, Marsh USA Borrower LLC, Seabury & Smith Borrower LLC,
Mercer HR Consulting Borrower LLC and Mercer MC Consulting Borrower LLC, each a Delaware limited liability company.

 

“Mortgaged
Property” means all or a portion of any property located at 1166 Avenue of the Americas, New York, New York.

 

“MTHUK”
has the meaning specified in the preliminary statements.

 

“Multiemployer
Plan” means at any time an employee pension benefit plan within the meaning of Section 4001(a)(3) of ERISA to which any
member of the ERISA Group is then making or accruing an obligation to make contributions or has within the preceding five plan years
made contributions, including for these purposes any Person which ceased to be a member of the ERISA Group during such five year period.

 

“Non-Consenting
Lender” has the meaning specified in Section 2.16(b).

 

“non-Defaulting
Lenders” has the meaning specified in Section 2.19(a)(i).

 

“Note”
means a Revolving Credit Note, a Canadian Note, an Australian Note or an Additional Currency Facility Note.

 

“Notice
of Australian Borrowing” has the meaning specified in Section 2.2(a)(iv).

 

“Notice
of Borrowing” means a Notice of Revolving Credit Borrowing, a Notice of Canadian Borrowing, a Notice of Australian Borrowing
a Notice of Swing Line Borrowing or a Notice of Additional Currency Facility Borrowing.

 

“Notice
of Canadian Borrowing” has the meaning specified in Section 2.2(a)(ii).

 

“Notice
of Issuance” has the meaning specified in Section 2.4(a).

 

“Notice
of Revolving Credit Borrowing” has the meaning specified in Section 2.2(a)(i).

 

“Notice
of Swing Line Borrowing” has the meaning specified in Section 2.2(a)(v).

 

    20 

     

    

“One
Month LIBOR” has the meaning specified in the definition of “Base Rate”.

 

“Other
Taxes” means any present or future stamp, mortgage recording or documentary taxes and any other excise or property taxes,
or similar charges or levies, which arise from any payment made pursuant to this Agreement or under any Note or from the execution or
delivery of, the enforcement of, or otherwise with respect to, this Agreement or any Note.

 

“Overnight
Eurocurrency Rate” has the meaning specified in Section 2.9(c).

 

“Overnight
LIBO Rate” means EONIA.

 

“Overnight
LIBO Rate Advance” means a Swing Line Advance denominated in Euro that bears interest as provided in Section 2.8(a)(v).

 

“Parent”
means, with respect to any Lender, any Person controlling such Lender.

 

“Participant”
has the meaning set forth in Section 10.6(d).

 

“Participation
Register” has the meaning set forth in Section 10.6(d).

 

“Payment
Office” means, for any Foreign Currency, such office of Citibank as shall be from time to time selected by the Administrative
Agent and notified by the Administrative Agent to the Borrowers and the Lenders.

 

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

 

“Person”
means an individual, a corporation, a partnership, an association, a limited liability company, a trust or any other entity or organization,
including a government or political subdivision or an agency or instrumentality thereof.

 

“Plan”
means at any time an employee pension benefit plan (other than a Multiemployer Plan) which is covered by Title IV of ERISA or subject
to the minimum funding standards under Section 412 of the Internal Revenue Code and either (i) is maintained, or contributed to, by any
member of the ERISA Group for employees of any member of the ERISA Group or (ii) has at any time within the preceding five years been
maintained, or contributed to, by any Person which was at such time a member of the ERISA Group for employees of any Person which was
at such time a member of the ERISA Group.

 

“Platform”
has the meaning specified in Section 10.1(d)(i).

 

“Post-Petition
Interest” has the meaning specified in Section 9.1.

 

“Prefunded
Debt” has the meaning specified in the definition of “Consolidated Interest Coverage Ratio”.

 

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

 

    21 

     

    

“Protesting
Lender” has the meaning specified in Section 10.13(a)(ii).

 

“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 2.6 or 6.1, 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 2.6 or 6.1, the aggregate amount of all Revolving Credit Commitments
as in effect immediately prior to such termination).

 

“Recipient”
has the meaning specified in Section 8.6.

 

“Register”
has the meaning specified in Section 10.6(c).

 

“Regulations
T, U and X” means, respectively, Regulations T, U and
X of the Board of Governors of the Federal Reserve System (or any successor), as in effect from time to time.

 

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

 

“Relevant
Party” has the meaning specified in Section 8.6.

 

“Required
Lenders” means at any time Lenders having more than 50% of the aggregate amount of the Revolving Credit Commitments or,
if the Revolving Credit Commitments shall have been terminated, holding more than 50% of the aggregate outstanding principal amount of
the Advances.

 

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

 

“Restatement
Date” means the date on which the Administrative Agent shall have received the documents specified in or pursuant to Section
3.1.

 

“Revolving
Credit Advance” means an advance by a Lender to a Borrower as part of a Revolving Credit Borrowing and refers to a Base
Rate Advance or a Eurocurrency Rate Advance (each of which shall be a “Type” of Revolving Credit Advance).

 

“Revolving
Credit Borrowing” means a borrowing consisting of simultaneous Revolving Credit Advances of the same Type and currency
made by each of the Revolving Credit Lenders pursuant to Section 2.1(a).

 

“Revolving
Credit Commitment” means, with respect to any Revolving Credit Lender at any time, the US Dollar amount set forth opposite
such Lender’s name on the Commitment Schedule attached hereto and identified as such, as such amount may be reduced from time to

 

    22 

     

    

time pursuant to Section
2.6, increased pursuant to Section 2.15 or changed as a result of an assignment pursuant to Section 10.6(b).

 

“Revolving
Credit Facility” means, at any time, the aggregate amount of the Revolving Credit Commitments at such time.

 

“Revolving
Credit Lender” means each Lender that has a Revolving Credit Commitment.

 

“Revolving
Credit Note” means a promissory note of a Borrower payable to the order of any Lender, delivered pursuant to a request
made under Section 2.14 in substantially the form of Exhibit F-1 hereto, evidencing the aggregate indebtedness of such Borrower to such
Lender resulting from the Revolving Credit Advances made by such Lender.

 

“Sanctioned
Country” means, at any time, a country, region or territory which is the subject or target of any comprehensive territorial
Sanctions.

 

“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 or the U.S. Department of State, the United Nations Security
Council, the European Union or Her Majesty’s Treasury of the United Kingdom, , or any Person in which such listed Person owns,
directly or indirectly, a 50 percent or greater interest, (b) any Person located, organized or resident in a Sanctioned Country, or (c)
any Person who is otherwise the subject or target of any Sanctions.

 

“Sanctions”
means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) 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 Her Majesty’s Treasury of the United Kingdom.

 

“Schedule
I Bank” means any bank named on Schedule I to the Bank Act (Canada).

 

“Schedule
I Reference Bank” means, where there are two or fewer Canadian Lenders which are Canadian chartered banks that are Schedule
I Banks, all such Lenders, and where there are more than two such Lenders, two of such Lenders chosen by the Administrative Agent and
identified as such by notice from the Administrative Agent to the Canadian Borrowers and the Canadian Lenders, provided that such designated
Canadian Lender has agreed to perform such role.

 

“Schedule
II Bank” means any Lender named on Schedule II to the Bank Act (Canada).

 

“Schedule
II/III Reference Banks” means Citibank, N.A., Canada Branch and such other Lenders to be agreed which are Schedule II Banks
or Schedule III Banks and identified as such by notice from the Administrative Agent to the Canadian Borrowers and the Canadian Lenders,
provided that such designated Canadian Lender has agreed to perform such role; provided if either of such banks ceases to be a
Lender, such bank shall also cease to be a

 

    23 

     

    

Schedule II/III Reference
Bank, and a successor Schedule II/III Reference Bank shall be chosen by the Administrative Agent from the Canadian Lenders which are
Schedule II Banks or Schedule III Banks and identified as such by notice from the Administrative Agent to the Canadian Borrowers and
the Canadian Lenders, provided that such designated Canadian Lender has agreed to perform such role.

 

“Schedule
III Bank” means any “authorized foreign bank” named on Schedule III to the Bank Act (Canada) with respect to
which transactions under this Agreement will be entered into in the ordinary course of its “Canadian banking business” for
the purposes of the Income Tax Act (Canada).

 

“Settlement”
means the settlement by the Company and its Subsidiaries of a Specified Claim.

 

“Settlement
Amount” means, in respect of any Derivatives Obligation to which the Company and/or any Subsidiary is a party, the net
aggregate marked-to-market (in accordance with standard industry practice) amount, if any, that would be due in respect of such Derivatives
Obligation (together with all other Derivatives Obligations under the same master agreement and giving effect to any netting arrangements
between the parties to such master agreement) if such Derivatives Obligation was (and such other Derivatives Obligations were) terminated
because of a default by the Company or such Subsidiary.

 

“Settlement
Costs” means all costs and obligations incurred, owing, paid or payable by the Company or any Subsidiary of the Company
in connection with the settlement of any Specified Claim, including, without limitation, payment of restitution, fines and penalties,
but excluding amounts payable to legal counsel or other advisors of the Company or any Subsidiary of the Company.

 

“SPC”
has the meaning specified in Section 10.6(b)(viii).

 

“Specified
Claim” means (a) any claim, complaint, lawsuit, action, administrative or regulatory proceeding, allegation, inquiry, investigation
or other matter or contingency (a “Claim”) described or referred to in Note 16 (“Claims, Lawsuits and
Other Contingencies”) to the financial statements included in the Company’s annual report on Form 10-K for the fiscal year
ended December 31, 2020 as filed with the Securities and Exchange Commission (“Note 16”) and (b) any other
Claim, actual or threatened, against the Company or any Subsidiary that arises out of, or is based upon, related to or similar to, any
Claims or facts described or referred to in Note 16.

 

“Subsidiary”
means, as to any Person, any corporation or other entity of which securities or other ownership interests having ordinary voting power
to elect a majority of the board of directors or other persons performing similar functions are at the time directly or indirectly owned
by such Person; unless otherwise specified, “Subsidiary” means a Subsidiary of the Company.

 

    24 

     

    

“Subsidiary
Borrower” means MTHUK and the Designated Subsidiaries from time to time.

 

“Supplier”
has the meaning specified in Section 8.6.

 

“Swing
Line Advance” means an Advance under the Swing Line Facility made in US Dollars as a Base Rate Advance or made in Euros
as an Overnight LIBO Rate Advance pursuant to Section 2.1(e).

 

“Swing
Line Bank” means each of Citibank, N.A. and, solely in respect of Swing Line Borrowings denominated in US Dollars, Bank
of America, N.A. and HSBC Bank USA, National Association, each in its capacity as provider of Swing Line Advances, or any successor swing
line lender hereunder.

 

“Swing
Line Borrowing” means a borrowing of a Swing Line Advance pursuant to Section 2.1(e) and refers to a Base Rate Advance
or an Overnight LIBO Rate Advance.

 

“Swing
Line Commitment” means, with respect to any Swing Line Bank as of the date of this Agreement, the US Dollar amount set
forth opposite such Lender’s name on the Commitment Schedule attached hereto and identified as such, as such amount may be modified
in accordance with the terms of this Agreement and for any successor swing line lender, such amount as shall be notified to the Administrative
Agent and the Company.

 

“Swing
Line Facility” has the meaning specified in Section 2.1(e).

 

“Taxes”
means any and all present or future taxes, duties, levies, imposts, deductions, charges or withholdings with respect to any payment by
any Borrower pursuant to this Agreement or under any Note, and all liabilities with respect thereto, excluding (i) in the case of each
Lender and the Administrative Agent (x) taxes imposed on its income, and franchise or similar (including branch profits) taxes imposed
on it, by a jurisdiction under the laws of which such Lender or the Administrative Agent (as the case may be) is organized or in which
its principal executive office is located or, in the case of each Lender, in which its Applicable Lending Office is located and (y) United
States or other withholding tax to the extent imposed as a result of a failure to satisfy the applicable requirements of FATCA and (ii)
in the case of each Lender, (x) any United States withholding tax imposed on such payments but only to the extent that such Lender is
subject to United States withholding tax at the time such Lender first becomes a party to this Agreement (except to the extent that an
assignor was entitled to payment under Section 8.4(a) with respect to such United States withholding tax) or (y) any United States withholding
tax imposed on such payment solely as a result of a change in such Lender’s Applicable Lending Office made other than pursuant
to Section 8.2, 8.3 or 8.4(f).

 

“Termination
Date” means the earlier of (a) the later of April 2, 2026 or, as to any Lender for which the Termination Date is extended
pursuant to Section 2.16, the date to which the Termination Date is so extended, and (b) the date of termination in whole of the Commitments
pursuant to Section 2.6 or 6.1.

 

    25 

     

    

“Trade
Date” has the meaning specified in Section 8.6.

 

“UK
Borrower” means a Borrower incorporated in England and Wales, or resident for tax purposes in the United Kingdom.

 

“UK
Borrower DTTP Filing” means an HM Revenue & Customs’ Form DTTP2 duly completed and filed by the relevant Borrower,
which (a) where it relates to a UK Treaty Lender that is a Lender on the date of this Agreement, contains the scheme reference number
and jurisdiction of tax residence stated opposite that Lender’s name in the UK Tax Schedule, or (b) where it relates to a UK Treaty
Lender that is not a Lender on the date of this Agreement, contains the scheme reference number and jurisdiction of tax residence stated
in respect of that Lender in the relevant Assignment and Assumption.

 

“UK
CTA” means the United Kingdom Corporation Tax Act 2009.

 

“UK
Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form 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
ITA” means the United Kingdom Income Tax Act 2007.

 

“UK
Non-Bank Lender” means (a) where a Lender is a party to this Agreement on the date of this Agreement, a Lender which is
designated as a UK Non-Bank Lender in the UK Tax Schedule, and (b) where a Lender becomes a party to this Agreement after the date of
this Agreement, a Lender which gives a UK Tax Confirmation in the relevant Assignment and Assumption.

 

“UK
Qualifying Lender” means a Lender which is beneficially entitled to interest payable to that Lender in respect of an advance
under a Loan Document and is: (a) a Lender (i) which is a bank (as defined for the purpose of section 879 of the UK ITA) making an advance
under a Loan Document and is within the charge to United Kingdom corporation tax as respects any payments of interest made in respect
of that advance or would be within such charge as respects such payments apart from section 18A of the UK CTA, or (ii) in respect of
an advance made under a Loan Document by a person that was a bank (as defined for the purpose of section 879 of the UK ITA) at the time
that that advance was made and within the charge to United Kingdom corporation tax as respects any payments of interest made in respect
of that advance; (b) a Lender which is (i) a company resident in the United Kingdom for United Kingdom tax purposes, or (ii) a partnership
each member of which is (1) a company so resident in the United Kingdom or (2) a company not so resident in the United Kingdom which
carries on a trade in the United Kingdom through a permanent establishment and which brings into account in computing its chargeable
profits (within the meaning of section 19 of the UK CTA) the whole of any share of interest payable in respect of that advance that falls
to it by reason of Part 17 of the UK CTA, or (iii) a company not so resident in the United Kingdom which carries on a trade in the United

 

    26 

     

    

Kingdom through a
permanent establishment and which brings into account interest payable in respect of that advance in computing the chargeable profits
(within the meaning of section 19 of the UK CTA) of that company; (c) a UK Treaty Lender; or (d) a building society (as defined for the
purposes of section 880 of the UK ITA) making an advance under a Loan Document.

 

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

 

“UK
Tax Confirmation” means a confirmation by a Lender that the person beneficially entitled to interest payable to that Lender
in respect of an advance under a Loan Document is either: (a) a company resident in the United Kingdom for United Kingdom tax purposes;
or (b) a partnership each member of which is (i) a company so resident in the United Kingdom, or (ii) a company not so resident in the
United Kingdom which carries on a trade in the United Kingdom through a permanent establishment and which brings into account in computing
its chargeable profits (within the meaning of section 19 of the UK CTA) the whole of any share of interest payable in respect of that
advance that falls to it by reason of Part 17 of the UK CTA; or (c) a company not so resident in the United Kingdom which carries on
a trade in the United Kingdom through a permanent establishment and which brings into account interest payable in respect of that advance
in computing the chargeable profits (within the meaning of section 19 of the UK CTA) of that company.

 

“UK
Tax Deduction” means a deduction or withholding for or on account of Taxes imposed by the United Kingdom from a payment
under a Loan Document, other than a deduction or withholding required by FATCA.

 

“UK
Tax Schedule” means the Schedule attached hereto identified as such.

 

“UK
Treaty Lender” means a Lender which (a) is treated as a resident of a UK Treaty State for the purposes of a UK Treaty,
(b) does not carry on a business in the United Kingdom through a permanent establishment with which that Lender’s participation
in the Loan is effectively connected, and (c) is entitled to be paid interest free of United Kingdom taxation by virtue of the UK Treaty,
subject to the completion of procedural formalities.

 

“UK
Treaty State” means a jurisdiction having a double taxation agreement (a “UK Treaty”) with the
United Kingdom which makes provision for full exemption from tax imposed by the United Kingdom on interest.

 

“Unfunded
Liabilities” means, with respect to any Plan at any time, the amount (if any) by which (i) the value of all benefit liabilities
under such Plan, determined on a plan termination basis using the assumptions prescribed by the PBGC for purposes of Section 4044 of
ERISA, exceeds (ii) the fair market value of all Plan assets allocable to such liabilities under Title IV of ERISA (excluding any accrued
but unpaid contributions), all determined as of the then most recent valuation date for such Plan, but only to the extent that such excess
represents a potential liability of a member of the ERISA Group to the PBGC or any other Person under Title IV of ERISA.

 

    27 

     

    

“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 Subsidiaries in an amount equal to the excess of (a) the amount of its Letter
of Credit Commitment over (b) the sum of (i) aggregate Available Amount of all Letters of Credit issued by such Issuing Bank and (ii)
the aggregate outstanding principal amount of all Revolving Credit Advances made by each Issuing Bank pursuant to Section 2.4(c) that
have not been ratably funded by the Lenders.

 

“United
States” means the United States of America, including the States and the District of Columbia, but excluding its territories
and possessions.

 

“Unpaid
Settlement Costs” means Settlement Costs that have not been paid.

 

“Unused
Additional Currency Facility Commitment” means, with respect to any Additional Currency Facility Lender of any Additional
Currency Facility at any time, the lesser of (a) such Lender’s Additional Currency Facility Commitment at such time under the applicable
Additional Currency Facility minus the aggregate principal amount of all Additional Currency Facility Advances made by such Lender and
outstanding at such time under the applicable Additional Currency Facility and (b) such Lender’s (or such Lender’s Affiliate’s)
Unused Revolving Credit Commitment at such time.

 

“Unused
Australian Commitment” means, with respect to any Australian Lender at any time, the lesser of (a) such Lender’s
Australian Commitment at such time minus the aggregate principal amount of all Australian Advances made by such Lender and outstanding
at such time and (b) such Lender’s (or such Lender’s Affiliate’s) Unused Revolving Credit Commitment at such time.

 

“Unused
Canadian Commitment” means, with respect to any Canadian Lender at any time, the lesser of (a) such Lender’s Canadian
Commitment at such time minus the aggregate principal amount of all Canadian Advances made by such Lender and outstanding at such time
and (b) such Lender’s (or such Lender’s Affiliate’s) Unused Revolving Credit Commitment at such time.

 

“Unused
Revolving Credit Commitment” means, with respect to each Revolving Credit 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 Revolving Credit Advances made by
such Lender (in its capacity as a Lender and not as an Issuing Bank) and outstanding at such time, determined for Advances denominated
in any Committed Currency by reference to the Equivalent thereof in US Dollars, plus (ii) such Lender’s Ratable Share of
(A) the aggregate Available Amount of all the Letters of Credit outstanding at such time, (B) the aggregate principal amount of all Revolving
Credit Advances made by each Issuing Bank pursuant to Section 2.4(c) that have not been ratably funded by such Lender and outstanding
at such time, and (C) the aggregate principal amount of all Swing Line Advances outstanding at such time plus (iii) in the case
of a Revolving Credit Lender that is (or has an Affiliate that is) a Canadian Lender, the aggregate principal amount of all Canadian
Advances made by such Lender and outstanding at such time, in each case, determined for Advances denominated in Canadian

 

    28 

     

    

Dollars by reference
to the Equivalent thereof in US Dollars plus (iv) in the case of a Revolving Credit Lender that is (or has an Affiliate that is)
an Australian Lender, the aggregate principal amount of all Australian Advances made by such Lender and outstanding at such time, determined
for Advances denominated in Australian Dollars by reference to the Equivalent thereof in US Dollars plus (v) in the case of a
Revolving Credit Lender that is (or has an Affiliate that is) an Additional Currency Facility Lender, the aggregate principal amount
of all Additional Currency Facility Advances made by such Lender and outstanding at such time, determined by reference to the Equivalent
thereof in US Dollars plus (vi) in the case of a Revolving Credit Lender that is (or has an Affiliate that is) an Issuing Bank
and without duplication of clause (ii)(B) above, the aggregate principal amount of all Revolving Credit Advances made by such Issuing
Bank pursuant to Section 2.4(c) that have not been ratably funded by the Revolving Credit Lenders and outstanding at such time plus
(vii) in the case of a Revolving Credit Lender that is (or has an Affiliate that is) a Swing Line Bank and without duplication of
clause (ii)(D) above, the aggregate principal amount of all Swing Line Advances made by such Swing Line Bank and outstanding at such
time, determined by reference to the Equivalent thereof in US Dollars.

 

“US
Dollars” and “US$” means lawful money of the United States.

 

“VAT”
means (a) any tax imposed in compliance with the Council Directive of 28 November 2006 on the common system of value added tax (EC Directive
2006/112) and (b) any other tax of a similar nature, whether imposed in a member state of the European Union in substitution for, or
levied in addition to, such tax referred to in paragraph (a) above, or imposed elsewhere.

 

“Wholly-Owned
Consolidated Subsidiary” means any Consolidated Subsidiary all of the shares of capital stock or other ownership interests
of which (except directors’ qualifying shares) are at the time directly or indirectly owned by the Company.

 

“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.

 

“Yen”
or “¥” means the lawful currency of Japan.

 

Section 1.2  
Accounting Terms and Determinations. Unless otherwise specified herein, all accounting terms used herein shall be interpreted,
all accounting determinations hereunder shall be made, and all financial statements required to be delivered hereunder shall be

 

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prepared, in accordance
with generally accepted accounting principles as in effect from time to time, applied on a basis consistent (except for changes concurred
in by the Company’s independent public accountants) with the most recent audited consolidated financial statements of the Company
and its Consolidated Subsidiaries delivered to the Lenders; provided that, if the Company notifies the Administrative Agent that
the Company wishes to amend any covenant (and any related definition) in Article 5 to eliminate the effect of any change in generally
accepted accounting principles on the operation of such covenant (or if the Administrative Agent notifies the Company that the Required
Lenders wish to amend Article 5 for such purpose), then the Company’s compliance with such covenant shall be determined on the
basis of generally accepted accounting principles in effect immediately before the relevant change in generally accepted accounting principles
became effective, until either such notice is withdrawn or such covenant is amended in a manner satisfactory to the Company and the Required
Lenders, respectively, provided further that without limitation of the foregoing, all terms of an accounting or financial nature
shall be construed without giving effect to any changes to current GAAP accounting for leases of the type described in the FASB Accounting
Standards Codification (ASC) 842, Leases, and IASB IFRS 16 Leases issued January 13, 2016. Without limitation of the foregoing,
any reference in any definitions to cash charges shall mean charges that are or are expected to be incurred or paid in cash, and any
reference to non-cash charges shall mean charges that are not expected to be paid in cash at any time.

 

Section 1.3  
Additional Committed Currencies. (a) The Company may from time to time request that Eurocurrency Rate Advances be made
in a currency other than those specifically listed in the definition of “Committed Currencies;” provided that such requested
currency is a lawful currency (other than US Dollars) that is readily available and freely transferable and convertible into US Dollars.
Any such request shall be made to the Administrative Agent not later than 11:00 A.M. (New York City time), 10 Business Days prior to
the date of the desired Borrowing (or such other time or date as may be agreed by the Administrative Agent). The Administrative Agent
shall promptly notify each Lender thereof. Each Lender shall notify the Administrative Agent, not later than 11:00 A.M. (New York City
time), five Business Days after receipt of such request whether it consents, in its sole discretion, to the making of Eurocurrency Rate
Advances in such requested currency. Any failure by a Lender to respond to such request within the time period specified in the preceding
sentence shall be deemed to be a refusal by such Lender to make Eurocurrency Rate Advances in such requested currency as a Committed
Currency under the Revolving Credit Facility. If the Administrative Agent and all the Lenders consent to making Eurocurrency Rate Advances
in such requested currency, the Administrative Agent shall so notify the Company and such requested currency shall thereupon be deemed
for all purposes to be a Committed Currency hereunder for purposes of any Borrowings of Eurocurrency Rate Advances under the Revolving
Credit Facility.

 

(b)  If
either (x) the Administrative Agent shall fail to obtain the consent to request for the requested Foreign Currency under clause (a) above
or (y) the Company so elects in its sole discretion, the Company may from time to time agree with one or more existing Lenders that such
Lenders (or their respective Affiliates) shall commit to make Advances in a Foreign Currency approved by the Administrative Agent acting
reasonably, pursuant to a facility under

 

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this Agreement comprising
commitments from less than all of the Lenders (each, an “Additional Currency Facility”; and the Foreign Currency
thereof, an “Additional Currency”). Each Additional Currency Facility shall be evidenced by an addendum hereto
(an “Additional Currency Facility Addendum”) in form and substance reasonably satisfactory to the Company,
the Lenders (or Affiliates) committing to provide such facility (for any Additional Currency Facility, the “Additional Currency
Facility Lenders”) and the Administrative Agent, which Additional Currency Facility Addendum shall set forth in any event
the commitment amount of each Additional Currency Facility Lender with respect thereto. Upon execution and delivery of such Additional
Currency Facility Addendum by the parties thereto, each Additional Currency Facility Lender referred to therein shall have an Additional
Currency Facility Commitment in the requested Additional Currency as set forth therein. Each of the parties hereto agrees that, upon
the effectiveness of any Additional Currency Facility Addendum, the Administrative Agent and the Borrowers may amend this Agreement to
the extent (but only to the extent) necessary to reflect the existence and the terms of the Additional Currency Facility evidenced thereby.
The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Additional Currency Facility Addendum and
shall make available copies of each Additional Currency Facility Addendum to any Lender upon request.

 

Section 1.4  
Other Interpretive Provisions. Any reference herein to a merger, transfer, consolidation, amalgamation, consolidation,
assignment, sale, disposition or transfer, or similar term, shall be deemed to apply to a division of or by a limited liability company,
or an allocation of assets to a series of a limited liability company (or the unwinding of such a division or allocation), as if it were
a merger, transfer, consolidation, amalgamation, consolidation, assignment, sale, disposition or transfer, or similar term, as applicable,
to, of or with a separate Person. Any division of a limited liability company shall constitute a separate Person hereunder (and each
division of any limited liability company that is a Subsidiary, joint venture or any other like term shall also constitute such a Person
or entity).

 

Article
2

THE CREDITS

 

Section 2.1  
The Advances and Letters of Credit. (a) The Revolving Credit Advances. Each Lender severally agrees, on the terms
and conditions hereinafter set forth, to make Revolving Credit Advances to any Borrower from time to time on any Business Day during
the period from the Restatement Date until the Termination Date in an amount (based in respect of any Revolving Credit Advances to be
denominated in a LIBOR Committed Currency by reference to the Equivalent thereof in US Dollars determined on the date of delivery of
the applicable Notice of Revolving Credit Borrowing) not to exceed such Lender’s Unused Revolving Credit Commitment. Each Revolving
Credit Borrowing shall be in an amount not less than the Borrowing Minimum or the Borrowing Multiple in excess thereof and shall consist
of Revolving Credit Advances of the same Type and in the same currency made on the same day by the Lenders ratably according to their
respective Unused Revolving Credit Commitments. Within the limits of each Lender’s Revolving Credit Commitment, any Borrower may
borrow under this Section 2.1(a), prepay pursuant to Section 2.11 and reborrow under this Section 2.1(a).

 

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Notwithstanding the
foregoing, neither any Canadian Borrower nor any Australian Borrower may borrow under this Section 2.1(a).

 

(b)  
Canadian Advances. Each Canadian Lender severally agrees, on the terms and conditions hereinafter set forth, to make Canadian
Prime Rate Advances in Canadian Dollars and Base Rate Advances or Eurocurrency Rate Advances in US Dollars to any Canadian Borrower from
time to time on any Business Day during the period from the Restatement Date until the Termination Date in an amount for each such Advance
(determined by reference to the Equivalent thereof in Canadian Dollars on the Business Day such Advance is made) not to exceed such Lender’s
Unused Canadian Commitment at such time. Each Canadian Borrowing under this Section 2.1(b) shall be in an aggregate amount of not
less than CN$10,000,000 or US$10,000,000, as the case may be, or an integral multiple of CN$1,000,000 or US$1,000,000, as the case may
be, in excess thereof and shall consist of Canadian Advances made on the same day and of the same Type by the Canadian Lenders ratably
according to their respective Canadian Commitments. Within the limits of each Canadian Lender’s Unused Canadian Commitment in effect
from time to time, the Canadian Borrowers may borrow under this Section 2.1(b), prepay pursuant to Section 2.11 and reborrow
under this Section 2.1(b).

 

(c)  
Australian Advances. Each Australian Lender severally agrees, on the terms and conditions hereinafter set forth, to make
Bank Bill Rate Advances in Australian Dollars and Eurocurrency Rate Advances in US Dollars to any Australian Borrower from time to time
on any Business Day during the period from the Restatement Date until the Termination Date in an amount (based in respect of any Australian
Advances to be denominated in Australian Dollars by reference to the Equivalent thereof in US Dollars determined on the date of delivery
of the applicable Notice of Australian Borrowing) not to exceed such Lender’s Unused Australian Commitment. Each Australian Borrowing
shall be in an amount not less than the Borrowing Minimum or the Borrowing Multiple in excess thereof and shall consist of Australian
Advances of the same Type and in the same currency made on the same day by the Lenders ratably according to their respective Unused Australian
Commitments. Within the limits of each Lender’s Australian Commitment, any Australian Borrower may borrow under this Section 2.1(c),
prepay pursuant to Section 2.11 and reborrow under this Section 2.1(c).

 

(d)  
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 standby letters of credit (each, a “Letter of Credit”)
denominated in US Dollars for the account of any Borrower and its specified Subsidiaries from time to time on any Business Day during
the period from the Restatement Date until 30 days before the Termination Date in an Available Amount not to exceed (i) for all Letters
of Credit issued by all of the Issuing Banks, the Letter of Credit Facility at such time and (ii) for the proposed Letter of Credit to
be issued by such Issuing Bank, (x) such Issuing Bank’s Letter of Credit Commitment at such time,

 

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(y) such
Issuing Bank’s (or its Affiliate’s) Unused Revolving Credit Commitment and (z) the Unused Revolving Credit 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, provided that no Letter of Credit may expire after
the Termination Date of any Non-Consenting Lender if, after giving effect to such Letter of Credit, the aggregate Revolving Credit Commitments
of the Consenting Lenders (including any replacement Lenders) for the period following such Termination Date would be less than the Available
Amount of the Letters of Credit expiring after such 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 2.1(d). Unless otherwise specified herein, the amount of a Letter
of Credit at any time shall be deemed to be the stated amount of such Letter of Credit in effect at such time; provided, however, that
with respect to any Letter of Credit that, by its terms or the terms of any document related thereto, provides for one or more automatic
increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter
of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time.

 

(e)  
The Swing Line Advances. Each Swing Line Bank agrees, on the terms and conditions hereinafter set forth, to make Swing
Line Advances denominated in US Dollars (in the case of each Swing Line Bank) or Euro (in the case of Citibank, N.A.) to any Borrower
from time to time on any Business Day during the period from the date hereof until the Termination Date (i) in an aggregate amount (based
in respect of any Swing Line Advances to be denominated in Euro by reference to the Equivalent thereof in US Dollars determined on the
date of delivery of the applicable Notice of Swing Line Borrowing) not to exceed at any time outstanding $750,000,000 (the “Swing
Line Facility”) and (ii) in an amount (based in respect of any Swing Line Advances to be denominated in Euro by reference
to the Equivalent thereof in US Dollars determined on the date of delivery of the applicable Notice of Swing Line Borrowing) for each
such Advance not to exceed (unless waived by the Administrative Agent and the applicable Swing Line Bank) (x) the unused Swing Line Commitment
of the applicable Swing Line Bank, (y) the Unused Revolving Credit Commitment of the applicable Swing Line Bank (or its Affiliate) and
(z) the Unused Revolving Credit Commitments of the Lenders on such Business Day. No Swing Line Advance shall be used for the purpose
of funding the payment of principal of any other Swing Line Advance. Each Swing Line Borrowing shall be in an amount of $5,000,000 or
€5,000,000 as applicable, or an integral multiple of $1,000,000 or €1,000,000, as applicable, in excess thereof. Within the
limits of the Swing Line Facility and within the limits referred to in clause (ii) above, the Borrowers may borrow under this Section
2.01(e), prepay pursuant to Section 2.11 and reborrow under this Section 2.1(e), provided, that no Borrower shall use the proceeds
of any Swing Line Advance to refinance any outstanding Swing Line Advance. Notwithstanding the foregoing, neither any Canadian Borrower
nor any Australian Borrower may borrow under this Section 2.1(e).

 

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(f)  
Additional Currency Facility Advances. Each Additional Currency Facility Lender under an Additional Currency Facility severally
agrees, on the terms and conditions set forth hereinafter and in the applicable Additional Currency Facility Addendum to which such Lender
is a party, to make Additional Currency Facility Advances in the applicable Additional Currency from time to time on any Business Day
during the period from the Restatement Date until the Termination Date in an amount for each such Advance (determined by reference to
the Equivalent thereof in the applicable Additional Currency on the Business Day such Advance is made) not to exceed such Lender’s
Unused Additional Currency Facility Commitment at such time. Within the limits of each Additional Currency Facility Lender’s applicable
Unused Additional Currency Facility Commitment in effect from time to time, the Borrowers may borrow under this Section 2.1(f), prepay
pursuant to Section 2.11 and reborrow under this Section 2.1(f).

 

Section 2.2  
Making the Advances. (a) (i) Revolving Credit Borrowings. Except as otherwise provided in Section 2.4(c), each Revolving
Credit Borrowing shall be made on notice, given not later than (x) 11:00 A.M. (New York City time) on the second Business Day prior to
the date of the proposed Revolving Credit Borrowing in the case of a Revolving Credit Borrowing consisting of Eurocurrency Rate Advances
denominated in US Dollars, (y) 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Revolving
Credit Borrowing in the case of a Revolving Credit Borrowing consisting of Eurocurrency Rate Advances denominated in any LIBOR Committed
Currency, or (z) 3:00 P.M. (New York City time) on the date of the proposed Revolving Credit Borrowing in the case of a Revolving Credit
Borrowing consisting of Base Rate Advances, by any Borrower to the Administrative Agent, which shall give to each Lender prompt notice
thereof by telecopier. Each such notice of a Revolving Credit Borrowing (a “Notice of Revolving Credit Borrowing”)
shall be by telephone, confirmed immediately in writing, or telecopier in substantially the form of Exhibit B-1 hereto, specifying therein
the requested (A) date of such Revolving Credit Borrowing, (B) Type of Advances comprising such Revolving Credit Borrowing, (C) aggregate
amount of such Revolving Credit Borrowing, and (D) in the case of a Revolving Credit Borrowing consisting of Eurocurrency Rate Advances,
initial Interest Period and currency for each such Revolving Credit Advance. Each Lender shall, before 3:00 P.M. (New York City time)
on the date of such Revolving Credit Borrowing, in the case of a Revolving Credit Borrowing consisting of Eurocurrency Rate Advances
denominated in US Dollars, before 5:00 P.M. (New York City time) on the date of such Revolving Credit Borrowing, in the case of Base
Rate Advances and before 3:00 P.M. (New York City time) on the date of such Revolving Credit Borrowing, in the case of a Revolving Credit
Borrowing consisting of Eurocurrency Rate Advances denominated in any LIBOR Committed Currency, make available for the account of its
Applicable Lending Office to the Administrative Agent at the applicable Administrative Agent’s Account, in same day funds, such
Lender’s ratable portion of such Revolving Credit Borrowing. After the Administrative Agent’s receipt of such funds and upon
fulfillment of the applicable conditions set forth in Article III, the Administrative Agent will make such funds available to the Borrower
requesting the Revolving Credit Borrowing at the Administrative Agent’s address referred to in Section 10.2 or at the applicable
Payment Office, as the case may be; provided, however, that, if such Borrowing is denominated in US

 

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Dollars or Euro, the
Administrative Agent shall first make a portion of such funds equal to the aggregate principal amount of any Swing Line Advances made
to such Borrower in such currency by each Swing Line Bank and by any other Lender and outstanding on the date of such Revolving Credit
Borrowing, plus interest accrued and unpaid thereon to and as of such date, available to such Swing Line Bank and such other Lenders
for repayment of such Swing Line Advances.

 

(ii)  
Canadian Borrowings. Each Canadian Borrowing shall be made on notice, given not later than (x) 11:00 A.M. (New York City
time) on the second Business Day prior to the date of the proposed Canadian Borrowing in the case of a Canadian Borrowing consisting
of Eurocurrency Rate Advances denominated in US Dollars and (y) 9:30 A.M. (Toronto time) on the Business Day prior to the date of the
proposed Canadian Borrowing in the case of a Canadian Borrowing consisting of Canadian Prime Rate Advances or Base Rate Advances, by
any Canadian Borrower to the Administrative Agent, which shall give to each Canadian Lender prompt notice thereof by telecopier not later
than 10:00 A.M. (Toronto Time) on such date. Each such notice of a Canadian Borrowing (a “Notice of Canadian Borrowing”)
shall be by telephone, confirmed immediately in writing, or telecopier in substantially the form of Exhibit B-2 hereto, specifying therein
the requested (A) date of such Canadian Borrowing, (B) Type of Canadian Advances comprising such Canadian Borrowing, (C) aggregate amount
of such Canadian Borrowing, and (D) in the case of a Canadian Borrowing consisting of Eurocurrency Rate Advances, initial Interest Period
for each such Canadian Advance. Each Canadian Lender shall, before 1:00 P.M. (Toronto time) on the date of such Canadian Borrowing make
available for the account of its Applicable Lending Office to the Administrative Agent at the applicable Administrative Agent’s
Account, in same day funds, such Lender’s ratable portion of such Canadian Borrowing. After the Administrative Agent’s receipt
of such funds and upon fulfillment of the applicable conditions set forth in Article III, the Administrative Agent will make such funds
available to the applicable Canadian Borrower at the Administrative Agent’s address referred to in Section 10.1 or at the applicable
Payment Office, as the case be.

 

(iii)  
[Reserved].

 

(iv)  
Australian Borrowings. Each Australian Borrowing shall be made on notice, given not later than (x) 4:00 P.M. (New York
City time) on the third Business Day prior to the date of the proposed Australian Borrowing in the case of an Australian Borrowing consisting
of Eurocurrency Rate Advances denominated in US Dollars or (y) 10:00 A.M. (Sydney time) on the second Business Day prior to the date
of the proposed Australian Borrowing consisting of Bank Bill Rate Advances, by any Australian Borrower to the Administrative Agent (and,
in the case of an Australian Borrowing denominated in Australian Dollars, simultaneously to the Australian Sub-Agent), which shall give
to each Australian Lender prompt notice thereof by telecopier. Each such notice of an Australian Borrowing (a “Notice of
Australian Borrowing”) shall be by telephone, confirmed immediately in writing, or telecopier in substantially the form
of Exhibit B-3 hereto, specifying therein the requested (A) date of such Australian

 

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Borrowing,
(B) Type of Advances comprising such Australian Borrowing, (C) aggregate amount of such Australian Borrowing, (D) in the case of an Australian
Borrowing consisting of Eurocurrency Rate Advances, initial Interest Period for each such Australian Advance, and (E) in the case of
an Australian Borrowing consisting of Bank Bill Rate Advances, initial Australian Interest Rate Period. Each Lender shall, (1) before
1:00 P.M. (New York City time) on the date of such Australian Borrowing, in the case of an Australian Borrowing consisting of Advances
denominated in US Dollars, and (2) before 11:00 A.M. (Sydney time) on the date of such Australian Borrowing, in the case of an Australian
Borrowing denominated in Australian Dollars, make available for the account of its Applicable Lending Office to the Administrative Agent,
or to the Australian Sub-Agent in the case of an Australian Borrowing denominated in Australian Dollars, at the applicable Administrative
Agent’s Account, in same day funds, such Lender’s ratable portion of such Australian Borrowing. After the receipt by the
Administrative Agent, or the Australian Sub-Agent, as the case may be, of such funds and upon fulfillment of the applicable conditions
set forth in Article III, the Administrative Agent or the Australian Sub-Agent, as the case may be, will make such funds available to
the Australian Borrower requesting the Australian Borrowing at the Administrative Agent’s address or the Australian Sub-Agent’s
address, as the case may be, referred to in Section 10.1 or at the applicable Payment Office, as the case may be.

 

(v)  
Swing Line Borrowings. (A) Each Swing Line Borrowing shall be made on notice, given not later than (x) in the case of Swing
Line Borrowings denominated in US Dollars, 3:00 P.M. (New York City time) on the date of the proposed Swing Line Borrowing by the applicable
Borrower to any applicable Swing Line Bank and the Administrative Agent or (y) in the case of Swing Line Borrowings denominated in Euro,
5:00 P.M. (London time) on the Business Day immediately prior to the date of the proposed Swing Line Borrowing by the applicable Borrower
to any applicable Swing Line Bank and the Administrative Agent, of which the Administrative Agent shall give prompt notice to the Lenders.
Each such notice of a Swing Line Borrowing (a “Notice of Swing Line Borrowing”) shall be by telephone, confirmed
at once in writing, or telecopier, specifying therein the requested (i) date of such Borrowing, (ii) amount and currency of such Borrowing
and (iii) maturity of such Borrowing (which maturity shall be no later than the tenth Business Day after the requested date of such Borrowing).
Each Swing Line Advance shall be a Base Rate Advance, if denominated in US Dollars, or an Overnight LIBO Rate Advance, if denominated
in Euro. The applicable Swing Line Bank shall, before 5:00 P.M. (New York City time), in the case of Swing Line Advances denominated
in US Dollars, and before 3:45 P.M. (London time), in the case of Swing Line Advances denominated in Euro, on the date of such Swing
Line Borrowing, make such Swing Line Borrowing available to the Administrative Agent at the Administrative Agent’s Account, in
same day funds. After the Administrative Agent’s receipt of such funds and upon fulfillment of the applicable conditions set forth
in Article III, the Administrative Agent will make such funds available to the applicable Borrower at the Administrative Agent’s
address referred to in Section 10.2.

 

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(B)  Upon
written demand by any Swing Line Bank, with a copy of such demand to the Administrative Agent, each other Lender will purchase from the
Swing Line Bank, and such Swing Line Bank shall sell and assign to each such other Lender, such other Lender’s Ratable Share of
any outstanding Swing Line Advance made by such Swing Line Bank, by making available for the account of its Applicable Lending Office
to the Administrative Agent for the account of such Swing Line Bank, by deposit to the Administrative Agent’s Account, in same
day funds, an amount equal to the portion of the outstanding principal amount of such Swing Line Advance to be purchased by such Lender.
Each Borrower hereby agrees to each such sale and assignment. Each Lender agrees to purchase its Ratable Share of an outstanding Swing
Line Advance on (i) the Business Day on which demand therefor is made by the applicable Swing Line 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. Each Lender acknowledges and agrees that its obligation to purchase its Ratable
Share of Swing Line Advances pursuant to this paragraph is absolute and unconditional and shall not be affected by any circumstance whatsoever,
including the occurrence and continuance of a Default, and that each such payment shall be made without any offset, abatement, withholding
or reduction whatsoever. Upon any such assignment by a Swing Line Bank to any other Lender of a portion of a Swing Line Advance, such
Swing Line Bank represents and warrants to such other Lender that such Swing Line Bank is the legal and beneficial owner of such interest
being assigned by it, but makes no other representation or warranty and assumes no responsibility with respect to such Swing Line Advance,
this Agreement, the Notes or the Borrowers. If and to the extent that any Lender shall not have so made the amount of such Swing Line
Advance available to the Administrative Agent, such Lender agrees to pay to the Administrative Agent forthwith on demand such amount
together with interest thereon, for each day from the date such Lender is required to have made such amount available to the Administrative
Agent until the date such amount is paid to the Administrative Agent, at the Federal Funds Rate. If such Lender shall pay to the Administrative
Agent such amount for the account of the applicable Swing Line Bank on any Business Day, such amount so paid in respect of principal
shall constitute a Swing Line Advance made by such Lender on such Business Day for purposes of this Agreement, and the outstanding principal
amount of the Swing Line Advance made by such Swing Line Bank shall be reduced by such amount on such Business Day.

 

(vi)  
Additional Currency Facility Borrowings. Each Additional Currency Facility Borrowing shall be made in accordance with terms
and conditions set forth in the applicable Additional Currency Facility Addendum.

 

(b)  
Anything in subsection (a) above to the contrary notwithstanding, the Borrowers may not select Eurocurrency Rate Advances for
any Borrowing if the

 

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aggregate
amount of such Borrowing is less than the Borrowing Minimum or if the obligation of the Lenders to make Eurocurrency Rate Advances shall
then be suspended pursuant to Section 2.9, 2.17, 8.1 or 8.2.

 

(c)  
Each Notice of Revolving Credit Borrowing, Notice of Canadian Borrowing and Notice of Australian Borrowing shall be irrevocable
and binding on the Borrower requesting such Borrowing.

 

(d)  
Unless the Administrative Agent shall have received notice from a Lender prior to the time of any Borrowing that such Lender will
not make available to the Administrative Agent such Lender’s ratable portion of such Borrowing, the Administrative Agent may assume
that such Lender has made such portion available to the Administrative Agent on the date of such Borrowing in accordance with subsection
(a) of this Section 2.2 and the Administrative Agent may, in reliance upon such assumption, make available to the Borrower requesting
such 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 Administrative Agent, such Lender and such Borrower severally agree to repay to the Administrative 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 Administrative Agent, at (i) in the case of such Borrower, the interest rate applicable at
the time to Advances comprising such Borrowing and (ii) in the case of such Lender, (A) the Federal Funds Rate in the case of Advances
denominated in US Dollars or (B) the cost of funds incurred by the Administrative Agent in respect of such amount in the case of Advances
denominated in Committed Currencies. If such Lender shall repay to the Administrative 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.

 

(f)  
If the respective Unused Revolving Credit Commitments of the Revolving Credit Lenders on the first day of an Interest Period for
any Revolving Credit Borrowing are different from the respective Unused Revolving Credit Commitments of the Revolving Credit Lenders
on the last day of such Interest Period (in each case determined without giving effect to clauses (b)(vi) and (b)(vii) of the definition
of Unused Revolving Credit Commitments), the Administrative Agent shall so notify the Revolving Credit Lenders and the respective Revolving
Credit Advances shall be reallocated among the Revolving Credit Lenders so that, after giving effect to such reallocation, the Revolving
Credit Advances comprising such Revolving Credit Borrowing and continuing into the subsequent Interest Period are funded by the Lenders
ratably according to their respective Unused Revolving Credit Commitments on such

 

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last day.
Each Revolving Credit Lender agrees that the conditions precedent set forth in Section 3.3 shall not apply to any additional amounts
required to be funded by such Lender pursuant to this Section 2.2(f).

 

Section 2.3  
[Reserved].

 

Section 2.4  
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, with a copy to the Administrative Agent, and such Issuing Bank shall give the Administrative Agent, prompt notice
thereof. Each such notice by a Borrower of Issuance of a Letter of Credit (a “Notice of Issuance”) shall be
by telecopier, 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) expiration date of such Letter of Credit, (D) name and address of the beneficiary
of such Letter of Credit and (E) form of such Letter of Credit. Such Letter of Credit shall be issued pursuant to such application and
agreement for letter of credit used by such Issuing Bank (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), unless such Issuing Bank has
received written notice from any Lender or the Administrative Agent, at least one Business Day prior to the requested date of issuance
or amendment for the applicable Letter of Credit, that one or more of the applicable conditions set forth in Section 3.3 shall not then
be satisfied, such Issuing Bank will issue the Letter of Credit in accordance with such Issuing Bank’s usual and customary business
practices. 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. The applicable Borrower shall promptly examine a copy of each Letter of Credit and each amendment
thereto that is delivered to it and, in the event of any claim of noncompliance with such Borrower’s instructions or other irregularity,
such Borrower will immediately notify the applicable Issuing Bank.

 

(b)  
Letter of Credit Commitment. No Issuing Bank shall be under any obligation to issue any Letter of Credit if any order,
judgment or decree of any governmental authority or arbitrator shall by its terms purport to enjoin or restrain such Issuing Bank from
issuing the Letter of Credit, or any law applicable to such Issuing Bank or any request or directive (whether or not having the force
of law) from any governmental authority with jurisdiction over such Issuing Bank shall prohibit, or request that such Issuing Bank refrain
from, the issuance of letters of credit generally.

 

(c)  
Participations. By the Issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing or decreasing 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

 

    39 

     

    

agrees to
each such participation. In consideration and in furtherance of the foregoing, each Lender hereby absolutely and unconditionally agrees
to pay to the Administrative 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 a Revolving Credit Advance
to such Borrower hereunder, regardless of the satisfaction of the conditions set forth in Section 3.3. 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 2.15, an assignment in accordance with Section 10.6 or otherwise pursuant to this Agreement.

 

(d)  
Drawing and Reimbursement. Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under a
Letter of Credit issued by an Issuing Bank, such Issuing Bank will notify the applicable Borrower and the Administrative Agent thereof.
The payment by an Issuing Bank of a draft drawn under any Letter of Credit which is not reimbursed by the applicable Borrower on the
date made shall constitute for all purposes of this Agreement the making by any such Issuing Bank of a Revolving Credit Advance, which
shall be a Base Rate Advance, in the amount of such draft, without regard to whether the making of such an Advance would exceed such
Issuing Bank’s Unused Revolving Credit Commitment. If the applicable Borrower fails to so reimburse the Issuing Bank by such time,
the Administrative Agent shall promptly notify each Lender and each Lender shall pay to the Administrative Agent such Lender’s
Ratable Share of such outstanding Revolving Credit Advance pursuant to Section 2.4(b). Each Lender acknowledges and agrees that its obligation
to make Revolving Credit 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 Administrative Agent shall transfer
such funds to such Issuing Bank. Each Lender agrees to fund its Ratable Share of an outstanding Revolving Credit Advance on (i) the Business
Day on which demand therefor is made, 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

 

    40 

     

    

such Revolving
Credit Advance available to the Administrative Agent, such Lender agrees to pay to the Administrative Agent forthwith on demand such
amount together with interest thereon, for each day from the date of demand until the date such amount is paid to the Administrative
Agent, at the Federal Funds Rate for the account of such Issuing Bank, as applicable. If such Lender shall pay to the Administrative
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
a Revolving Credit Advance made by such Lender on such Business Day for purposes of this Agreement, and the outstanding principal amount
of the Revolving Credit Advance made by such Issuing Bank shall be reduced by such amount on such Business Day.

 

(e)  
Letters of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in
support of any obligations of, or is for the account of, a Subsidiary of a Borrower, such Borrower shall be obligated to reimburse the
applicable Issuing Bank hereunder for any and all drawings under such Letter of Credit. Each Borrower hereby acknowledges that the issuance
of Letters of Credit for the account of its Subsidiaries inures to the benefit of such Borrower, and that such Borrower’s business
derives substantial benefits from the businesses of such Subsidiaries.

 

(f)  
Letter of Credit Reports. Each Issuing Bank shall furnish (A) to the Administrative 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 Administrative
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.

 

(g)  
Failure to Make Advances. The failure of any Lender to make the Revolving Credit Advance to be made by it on the date specified
in Section 2.4(c) shall not relieve any other Lender of its obligation hereunder to make its Revolving Credit Advance on such date, but
no Lender shall be responsible for the failure of any other Lender to make the Revolving Credit Advance to be made by such other Lender
on such date.

 

(h)  
Applicability of ISP.   Except as expressly provided in this Agreement or as otherwise expressly agreed by the
applicable Issuing Bank and the applicable Borrower when a Letter of Credit is issued, the rules of the ISP shall apply to such Letter
of Credit. “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).

 

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Section 2.5  
Commitment Fees; Letter of Credit Fees. (a) The Company hereby promises to pay to the Administrative Agent for account
of each Lender a commitment fee at the Commitment Fee Rate (determined daily in accordance with the Pricing Schedule). Such commitment
fee shall accrue for each Lender from and including the Restatement Date to but excluding the date of termination of the Revolving Credit
Commitments in their entirety, on the daily amount of such Lender’s Unused Revolving Credit Commitment; provided that no
Defaulting Lender shall be entitled to receive any commitment fee 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).
Accrued commitment fees under this Section shall be payable quarterly in arrears on each March 31, June 30, September 30 and December
31 and on the date of termination of the Revolving Credit Commitments in their entirety.

 

(b)  
Letter of Credit Fees. (i) Each Borrower shall pay to the Administrative 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 Eurocurrency Margin determined on the first Business
Day of such calendar quarter (or shorter period commencing on the Restatement Date and ending on the last day of the calendar quarter
in which the Restatement Date occurs), payable quarterly in arrears on each March 31, June 30, September 30 and December 31 and on the
Termination Date.

 

(ii)  
Each Borrower shall pay to each Issuing Bank, for its own account, a fronting fee 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.

 

(c)  
Anything in this Agreement to the contrary notwithstanding, a Defaulting Lender shall not be entitled to any fees accruing pursuant
to Sections 2.5(a) and 2.5(b)(i) during the period such Lender is a Defaulting Lender (without prejudice to the rights of the Lenders
other than such Lender in respect of such fees), and in the case of Section 2.5(b)(i) such fees will instead accrue for the benefit of
and be payable to other Lenders and/or the relevant Issuing Bank in accordance with Section 2.19(a)(iii) and 2.19(a)(iv) (and the payment
provisions of this Agreement will automatically be deemed adjusted to reflect the provisions of this Section 2.5(c)).

 

Section 2.6  
Termination or Reduction of the Commitments. The Company shall have the right, upon at least three Business Days’
notice to the Administrative Agent (who shall promptly notify the Lenders upon receipt of such notice), to terminate in whole or permanently
reduce ratably in part the Unused Revolving Credit Commitments, Unused Canadian Commitments, Unused Australian Commitments, Unused Additional
Currency Facility Commitments or the Unissued Letter of Credit Commitments of the Lenders, provided that each partial reduction of any
Facility shall be in the aggregate amount of US$10,000,000 or an integral multiple of US$1,000,000 in excess thereof.

 

    42 

     

    

Section 2.7  
Repayment of Advances and Letter of Credit Drawings. (a) Revolving Credit Advances. Each Borrower shall repay to the Administrative
Agent for the ratable account of each Lender on the Termination Date applicable to such Lender the aggregate principal amount of the
Revolving Credit Advances made to it by such Lender and then outstanding.

 

(b)  
Canadian Advances. Each Canadian Borrower agrees to repay to the Administrative Agent for the ratable account of each Canadian
Lender on the Termination Date applicable to such Lender the aggregate principal amount of the Canadian Advances made to it and then
outstanding.

 

(c)  
Australian Advances. Each Australian Borrower agrees to repay to the Administrative Agent for the ratable account of each
Australian Lender on the Termination Date applicable to such Lender the aggregate principal amount of the Australian Advances made to
it and then outstanding.

 

(d)  
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 (including, without limitation, the right to assert
any claim by separate suit or compulsory counterclaim) 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 Administrative 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;

 

    43 

     

    

(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.

 

(e)  
Swing Line Advances. Each Borrower shall repay to the Administrative Agent for the ratable account of each Swing Line Bank
and each other Lender which has made a Swing Line Advance the outstanding principal amount of each Swing Line Advance made to it by each
of them on the earlier of the maturity date specified in the applicable Notice of Swing Line Borrowing (which maturity shall be no later
than ten Business Days after the requested date of such Borrowing) and the Termination Date.

 

(f)  
Additional Currency Facility Advances. Each Borrower agrees to repay to the Administrative Agent for the ratable account
of each Additional Currency Facility Lender on the Termination Date applicable to such Lender the aggregate principal amount of the Additional
Currency Facility Advances made to it and then outstanding.

 

Section 2.8  
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 at all times to
the sum of (x) the Base Rate in effect from time to time plus (y) the Base Rate Margin in effect from time to time, payable in
arrears quarterly on the last day of each March, June, September and December during such periods and on the date such Base Rate Advance
shall be Converted or paid in full.

 

(ii)  
Canadian Prime Rate Advances. For each Canadian Prime Rate Advance, a rate per annum equal at all times to the sum of (x)
the Canadian Prime Rate in effect from time to time plus (y) the Canadian Prime Rate Margin in effect from time to time, payable
in arrears quarterly on the last day of each March, June, September and December during such periods and on the date such Canadian Prime
Rate Advance shall be paid in full.

 

    44 

     

    

(iii)  
Eurocurrency Rate Advances. During such periods as such Advance is a Eurocurrency Rate Advance, a rate per annum equal
at all times during each Interest Period for such Advance to the sum of (x) the Eurocurrency Rate for such Interest Period for such Advance
plus (y) the applicable Eurocurrency Margin, payable in arrears on the last day of such Interest Period and, if such Interest
Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first
day of such Interest Period and on the date such Eurocurrency Rate Advance shall be Converted or paid in full.

 

(iv)  
Bank Bill Rate Advances. For each Bank Bill Rate Advance, a rate per annum equal at all times during each Australian Interest
Period to the sum of (x) the Bank Bill Rate in effect for such Australian Interest Period plus (y) the applicable Bank Bill Rate
Margin, payable in arrears on the last day of such Australian Interest Period and on the date such Bank Bill Rate Advance shall be paid
in full.

 

(v)  
Overnight LIBO Rate Advances. For each Overnight LIBO Rate Advance, a rate per annum equal at all times to the sum of (x)
the Overnight LIBO Rate in effect from time to time plus (y) the Base Rate Margin in effect from time to time, payable in arrears
quarterly on the last day of each March, June, September and December during such periods and on the date such Overnight LIBO Rate Advance
shall be paid in full.

 

(b)  
Default Interest. Notwithstanding the foregoing, each Borrower hereby promises to pay to the Administrative Agent for account
of each Lender interest at the applicable Default Rate on any principal of any Advance of such Lender, and on any other amount payable
by such Borrower hereunder or under the Notes held by such Lender to or for account of such Lender, which shall not be paid in full when
due (whether at stated maturity, by acceleration, by mandatory prepayment or otherwise), for the period from and including the due date
thereof to but excluding the date the same is paid in full. Interest payable at the Default Rate shall be payable from time to time on
demand.

 

Section 2.9  
Interest Rate Determination. (a) The Administrative Agent shall give prompt notice to the applicable Borrower and the Lenders
of the applicable interest rate determined by the Administrative Agent for purposes of Section 2.8(a).

 

(b)  
If any Borrower shall fail to select the duration of any Interest Period for any Eurocurrency Rate Advances in accordance with
the provisions contained in the definition of “Interest Period” in Section 1.1, the Administrative 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,
continue with an Interest Period of one month.

 

(c)  
Upon the occurrence and during the continuance of any Event of Default, (i) each Eurocurrency Rate Advance will automatically,
on the last day of the then existing Interest Period therefor, (A) if such Eurocurrency Rate Advances are

 

    45 

     

    

denominated
in US Dollars, be Converted into Base Rate Advances and (B) if such Eurocurrency Rate Advances are denominated in any Committed Currency,
be exchanged for an Equivalent amount of US Dollars and be Converted into Base Rate Advances and (ii) the obligation of the Lenders to
make, or to Convert Advances into, Eurocurrency Rate Advances shall be suspended; provided that the applicable Borrower may elect,
by notice to the Administrative Agent and the Lenders within one Business Day of such Event of Default, to continue such Advances in
such Committed Currency, whereupon the Administrative Agent may require that each Interest Period relating to such Eurocurrency Rate
Advances shall bear interest at the Overnight Eurocurrency Rate for a period of three Business Days and thereafter, each such Interest
Period shall have a duration of one month. “Overnight Eurocurrency Rate” means, in the case of Advances denominated
in a LIBOR Committed Currency other than Euro, the rate appearing on applicable Bloomberg screen as LIBOR for deposits in the applicable
Committed Currency at approximately 11:00 A.M. (London time) two Business Days prior to the such day for a term of one Business
Day, or in the case of Advances denominated in Euro, EONIA.

 

(d)  
If the applicable Bloomberg screen is unavailable for determining EONIA, the EURIBO Rate or the Eurocurrency Rate for any Eurocurrency
Rate Advances,

 

(i)  
the Administrative Agent shall forthwith notify the applicable Borrower and the Lenders that the interest rate cannot be determined
for such Eurocurrency Rate Advances,

 

(ii)  
each such Advance will automatically, on the last day of the then existing Interest Period therefor, (A) if such Eurocurrency
Rate Advance is denominated in US Dollars, Convert into a Base Rate Advance and (B) if such Eurocurrency Rate Advance is denominated
in any Committed Currency, be prepaid by the applicable Borrower or be automatically exchanged for an Equivalent amount of US 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 Eurocurrency Rate Advances or to Convert Advances into Eurocurrency Rate Advances shall
be suspended until the Administrative Agent shall notify the Borrowers and the Lenders that the circumstances causing such suspension
no longer exist.

 

(e)  
Interest Act (Canada). With respect to Advances made to a Canadian Borrower, whenever a rate of interest hereunder is calculated
on the basis of a year (the “deemed year”) which contains fewer days than the actual number of days in the calendar year
of calculation, such rate of interest shall be expressed as a yearly rate for purposes of the Interest Act (Canada) by multiplying such
rate of interest by the actual number of days in the calendar year of calculation and dividing it by the number of days in the deemed
year.

 

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(f)  
Nominal Rates; No Deemed Reinvestment. With respect to Advances made to a Canadian Borrower, the principle of deemed reinvestment
of interest shall not apply to any interest calculation under this Agreement; all interest payments to be made hereunder shall be paid
without allowance or deduction for reinvestment or otherwise, before and after maturity, default and judgment. The rates of interest
specified in this Agreement are intended to be nominal rates and not effective rates. Interest calculated hereunder shall be calculated
using the nominal rate method and not the effective rate method of calculation.

 

(g)  
Interest Paid by a Canadian Borrower. Notwithstanding any provision of this Agreement, in no event shall the aggregate
“interest” (as defined in Section 347 of the Criminal Code (Canada)) payable by a Canadian Borrower under this Agreement
exceed the effective annual rate of interest on the “credit advanced” (as defined in the Section) under this Agreement lawfully
permitted by that Section and, if any payment, collection or demand pursuant to this Agreement in respect of “interest” (as
defined in that Section) is determined to be contrary to the provisions of that Section, such payment, collection or demand shall be
deemed to have been made by mutual mistake of a Canadian Borrower and the Canadian Lenders and the amount of such payment or collection
shall be refunded to such Canadian Borrower. For the purposes of this Agreement, the effective annual rate of interest shall be determined
in accordance with generally accepted actuarial practices and principles over the relevant term and, in the event of a dispute, a certificate
of a Fellow of the Canadian Institute of Actuaries appointed by the Canadian Lenders will be prima facie evidence of such rate.

 

(h)  
Interest on Bank Bill Rate Advances. With respect to Bank Bill Rate Advances made to an Australian Borrower, the rate of
interest shall be calculated on actual days elapsed and a year of 365 or 366 days, as the case may be.

 

Section 2.10  
Optional Conversion of Advances. The Borrower of any Advance may on any Business Day, upon notice given to the Administrative
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 and subject
to the provisions of Sections 2.9, 2.17, 8.1 and 8.2, Convert all or a portion of the Advances of one Type comprising the same Borrowing
under a Facility into Advances under such Facility denominated in the same currency of the other Type; provided, however, that any Conversion
of Eurocurrency Rate Advances into Base Rate Advances shall be made only on the last day of an Interest Period for such Eurocurrency
Rate Advances, and any Conversion of Base Rate Advances or Canadian Prime Rate Advance, as the case may be, into Eurocurrency Rate Advances,
shall be in an amount not less than the minimum amount specified in Section 2.2(b). Each such notice of a Conversion shall, within the
restrictions specified above, specify (i) the date of such Conversion, (ii) the Advances to be Converted, and (iii) if such Conversion
is into Eurocurrency Rate 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 2.11  
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 Eurocurrency Rate Advances, at least two Business Days prior to the date of such prepayment,
in

 

    47 

     

    

the case of Bank Bill
Rate 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 or
Canadian Prime Rate Advances, to the Administrative Agent or to the Australian Sub-Agent, in the case of Australian Advances denominated
in Australian Dollars, 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,
(y) in the event of any such prepayment of a Eurocurrency Rate Advance, such Borrower shall be obligated to reimburse the Lenders in
respect thereof pursuant to Section 2.18 and (z) each partial prepayment of Swing Line Advances shall be in an aggregate principal
amount of not less than $1,000,000 or €1,000,000, as applicable.

 

(b)  
Mandatory. (i) If, on any date, the Administrative Agent notifies the Company that, on any interest payment date,
the sum of (A) the aggregate principal amount of all Advances denominated in US Dollars plus the aggregate Available Amount of
all Letters of Credit then outstanding (net of any cash collateral provided by the Borrowers in accordance with Section 2.19(a))
plus (B) the Equivalent in US Dollars (determined on the third Business Day prior to such interest payment date) of the aggregate
principal amount of all Advances denominated in Foreign 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 three Business Days
after receipt of such notice, subject to the proviso to this sentence set forth below, 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 aggregate principal amount
of Base Rate Advances or Canadian Prime Rate Advances outstanding at the time of such required prepayment is less than the amount
of such required prepayment, the portion of such required prepayment in excess of the aggregate principal amount of Base Rate
Advances and Canadian Prime Rate Advances then outstanding shall be deferred until the earliest to occur of the last day of the
Interest Period of the outstanding Eurocurrency Rate Advances in an aggregate amount equal to the excess of such required prepayment.
The Administrative Agent shall give prompt notice of any prepayment required under this Section 2.11(b) to the Borrowers and the
Lenders, and shall provide prompt notice to the Borrowers of any such notice of required prepayment received by it from any Lender.

 

Each prepayment made
pursuant to this Section 2.11(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 Eurocurrency Rate 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 2.18. The

 

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Administrative Agent
shall give prompt notice of any prepayment required under this Section 2.11(b) to the Company and the Lenders.

 

Section 2.12  
General Provisions as to Payments. (a)  Each Borrower shall make each payment hereunder (except with respect
to principal of, interest on, and other amounts relating to, Advances denominated in a Foreign Currency), irrespective of any right of
counterclaim or set-off, not later than 12:00 Noon (New York City time) on the day when due in US Dollars to the Administrative Agent
at the applicable Administrative Agent’s Account in same day funds. Each Borrower shall make each payment hereunder with respect
to principal of, interest on, and other amounts relating to, Advances denominated in a Foreign Currency, irrespective of any right of
counterclaim or set-off, not later than 12:00 Noon (at the Payment Office for such Foreign Currency) on the day when due in such Foreign
Currency to the Administrative Agent or the Australian Sub-Agent, by deposit of such funds to the applicable Administrative Agent’s
(or Australian Sub-Agent’s) Account in same day funds. The Administrative 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
2.5(b), 2.18, 8.3, 8.4 or 10.3) 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 Assuming Lender becoming a Lender hereunder as a result of a Commitment
Increase pursuant to Section 2.15 or an extension of the Termination Date pursuant to Section 2.16, and upon the Administrative Agent’s
receipt of such Lender’s Assumption Agreement and recording of the information contained therein, from and after the applicable
Increase Date or Extension Date, as the case may be, the Administrative Agent shall make all payments hereunder and under any Notes issued
in connection therewith in respect of the interest assumed thereby to the Assuming Lender. Upon its acceptance of an Assignment and Acceptance
and recording of the information contained therein pursuant to Section 10.6(c), from and after the effective date specified in such Assignment
and Acceptance, the Administrative 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 Acceptance shall make all appropriate adjustments in such payments
for periods prior to such effective date directly between themselves.

 

(b)  
All computations of interest based on the Base Rate shall be made by the Administrative Agent on the basis of a year of 365 or
366 days, as the case may be, all computations of interest based on the Canadian Prime Rate shall be made by the Administrative 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 Eurocurrency Rate or the
Federal Funds Rate and of fees and Letter of Credit commissions shall be made by the Administrative Agent on the basis of a year of 360
days (or, in each case of Advances denominated in Foreign 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 Administrative Agent of an interest rate hereunder shall be conclusive
and binding for all purposes, absent manifest error.

 

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(c)  
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, fees or commissions, as the case may be; provided, however, that, if such extension would cause payment of
interest on or principal of Eurocurrency Rate Advances to be made in the next following calendar month, such payment shall be made on
the next preceding Business Day.

 

(d)  
Unless the Administrative 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 Administrative Agent may assume that such Borrower has
made such payment in full to the Administrative Agent on such date and the Administrative 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 Administrative Agent, each Lender shall repay to the Administrative 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 Administrative Agent, at (i) the Federal Funds Rate in
the case of Advances denominated in US Dollars or (ii) the cost of funds incurred by the Administrative Agent in respect of such
amount in the case of Advances denominated in Foreign Currencies.

 

(e)  
To the extent that the Administrative 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 Administrative Agent to distribute
funds to the Lenders in accordance with the terms of this Section 2.12, the Administrative Agent shall be entitled to convert or exchange
such funds into US Dollars or into a Foreign Currency or from US Dollars to a Foreign Currency or from a Foreign Currency to US Dollars,
as the case may be, to the extent necessary to enable the Administrative Agent to distribute such funds in accordance with the terms
of this Section 2.12; provided that each Borrower and each of the Lenders hereby agree that the Administrative 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 2.12(e) or as a result of the failure of the Administrative Agent to effect any such
conversion or exchange; and provided further that the Borrowers agree to indemnify the Administrative Agent and each Lender, and
hold the Administrative Agent and each Lender harmless, for any and all losses, costs and expenses incurred by the Administrative 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 2.12(e).

 

Section 2.13  
Sharing of Payments, Etc. If any Lender shall obtain any payment (whether voluntary, involuntary, through the exercise
of any right of set-off, or otherwise) on

 

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account of the Advances
owing to it (other than (x) as payment of a Revolving Credit Advance made by an Issuing Bank pursuant to the first sentence of Section
2.4(c), as payment of a Swing Line Advance pursuant to Section 2.2(a)(v), (y) pursuant to Section 2.18, 8.3, 8.4 or 10.3 or (z) as consideration
for an assignment or participation in accordance with Section 10.6) in excess of its Ratable Share of payments on account of the Advances
obtained by all the Lenders, such Lender shall forthwith purchase from the other Lenders such participations in the Advances owing to
them as shall be necessary to cause such purchasing Lender to share the excess payment ratably with each of them; provided, however,
that if all or any portion of such excess payment is thereafter recovered from such purchasing Lender, such purchase from each Lender
shall be rescinded and such Lender shall repay to the purchasing Lender the purchase price to the extent of such recovery together with
an amount equal to such Lender’s ratable share (according to the proportion of (i) the amount of such Lender’s required
repayment to (ii) the total amount so recovered from the purchasing Lender) of any interest or other amount paid or payable by the purchasing
Lender in respect of the total amount so recovered, and provided further that, so long as the Advances shall not have become due and
payable pursuant to Section 6.01, any excess payment received by any Lender under a Facility shall be shared on a pro rata basis only
with other Lenders that have Commitments or Advances under such Facility. Each Borrower agrees that any Lender so purchasing a participation
from another Lender pursuant to this Section 2.13 may, to the fullest extent permitted by law, exercise all its rights of payment (including
the right of set-off) with respect to such participation as fully as if such Lender were the direct creditor of such Borrower in the
amount of such participation.

 

Section 2.14  
Evidence of Debt.(a) (a) Each Lender may, by notice to the Borrowers and the Administrative Agent, request that its
Commitments or its Advances be evidenced by a promissory note forms of which are attached hereto as Exhibits F-1, F-2 and F-3 or as an
exhibit to the applicable Additional Currency Facility Addendum, in an amount equal to its Commitments, as the case may be. In such event,
each Borrower, at its costs, shall prepare, execute and deliver to such Lender a promissory note payable to the order of such Lender
(or, if requested by such Lender, to such Lender and its registered assigns). Thereafter, the Advances evidenced by such promissory note
and interest thereon shall at all times (including after assignment pursuant to Section 10.6) be represented by one or more promissory
notes in such form payable to the order of the payee named therein (or, if such promissory note is a registered note, to such payee and
its registered assigns). Each such promissory note shall be in form and substance reasonably satisfactory to the requesting Lender, the
applicable Borrower and the Administrative Agent. Each reference in this Agreement to the “Note” of such Lender shall be
deemed to refer to and include any or all of such Notes, as the context may require.

 

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

 

(c)  
The Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Advance made hereunder and the
type thereof and the Interest Period applicable thereto, (ii) the amount of any principal or interest due and

 

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payable
or to become due and payable from each Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative
Agent hereunder for the account of the Lenders and each Lender’s share thereof.

 

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

 

Section 2.15  
Increase in the Aggregate Commitments. At any time prior to the Termination Date (but not more than once in any calendar
quarter), if no Default shall have occurred and be continuing at such time, the Company may, if it so elects, increase the aggregate
amount of the Revolving Credit Commitments (each, a “Commitment Increase”), either by designating a Person
not theretofore a Lender and acceptable to the Administrative Agent, each Issuing Bank and each Swing Line Bank (such acceptance not
to be unreasonably withheld) (each such Person, an “Assuming Lender”) to become a Lender (provided that such
new Lender accepts a Revolving Credit Commitment of not less than US$5,000,000) or by agreeing with an existing Lender that such Lender’s
Revolving Credit Commitment shall be increased (each such Lender, an “Increasing Lender”). Upon execution and
delivery by the Borrowers and each Increasing Lender or Assuming Lender of an instrument of assumption in form and amount reasonably
satisfactory to the Administrative Agent, each Issuing Bank and each Swing Line Bank (each an “Assumption Agreement”),
such Increasing Lender shall have a Revolving Credit Commitment as therein set forth or such Assuming Lender shall become a Lender with
a Revolving Credit Commitment as therein set forth and all the rights and obligations of a Lender with a Revolving Credit Commitment
hereunder; provided that (i) the Company shall provide prompt notice of such increase to the Administrative Agent, which shall promptly
notify the other Lenders, (ii) the aggregate amount of each such increase which is effective on any day shall be at least US$25,000,000
or an integral multiple thereof, (iii) the aggregate amount of the Commitments shall at no time exceed US$3,300,000,000 and (iv) the
Administrative Agent shall have received on or before such date (A) certified copies of resolutions of the Board of Directors of the
Company evidencing the ability of the Company to effect the Commitment Increase and (B) an opinion of counsel for the Company (which
may be in-house counsel), in substantially the form of Exhibit C hereto with such modifications as are reasonably acceptable to the Required
Lenders.

 

Upon any increase
in the aggregate amount of the Revolving Credit Commitments pursuant to this Section 2.15, within five Business Days in the case of the
Base Rate Advances outstanding, and at the end of the then current Interest Period with respect thereto in the case of the Advances comprising
each Eurocurrency Rate Borrowing then outstanding (but in any event within 45 days), the respective Revolving Credit Advances shall be
reallocated among the Revolving Credit Lenders so that, after giving effect to such reallocation, the Revolving Credit Advances comprising
each Revolving Credit Borrowing and continuing into the subsequent Interest Period are funded by the Lenders ratably according to their
respective Unused Revolving

 

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Credit Commitments
on such day. Each Revolving Credit Lender (x) agrees that the conditions precedent set forth in Section 3.3 shall not apply to any additional
amounts required to be funded by such Lender pursuant to this Section 2.15 and (y) waives any amounts otherwise payable by any Borrower
under Section 2.18 in the event of a reallocation of Revolving Credit Advances pursuant to this Section 2.15 other than on the last day
of an Interest Period.

 

At any time prior
to the Termination Date (but not more than once in any calendar quarter), if no Default shall have occurred and be continuing at such
time, the Company may, if it so elects, increase the aggregate amount of the Australian Commitments, either by designating a consenting
Lender not theretofore an Australian Lender and acceptable to the Administrative Agent (such acceptance not to be unreasonably withheld)
to become an Australian Lender (an “Assuming Australian Lender”) (provided that such new Australian Lender
accepts an Australian Commitment of not less than US$2,500,000) or by agreeing with an existing Australian Lender that such Lender’s
Australian Commitment shall be increased (an “Increasing Australian Lender”). Upon execution and delivery by
the Company and each Increasing Australian Lender or Assuming Australian Lender of an instrument of assumption in form and amount reasonably
satisfactory to the Administrative Agent, such Lender shall have an Australian Commitment as therein set forth; provided that
(i) the Company shall provide prompt notice of such increase to the Administrative Agent, which shall promptly notify the other Australian
Lenders, (ii) the aggregate amount of each such increase which is effective on any day shall be at least US$5,000,000 or an integral
multiple thereof, (iii) the aggregate amount of the Australian Commitments shall at no time exceed US$215,000,000 and (iv) the Administrative
Agent shall have received on or before such date (A) certified copies of resolutions of the Board of Directors of the Company and each
Australian Borrower evidencing the ability of the Company and each Australian Borrower to effect increase in the Australian Commitments
and (B) an opinion of counsel for the Company and each Australian Borrower (which may be in-house counsel), in substantially the form
of Exhibit C hereto with such modifications as are reasonably acceptable to the Australian Lenders holding a majority in interest of
the Australian Commitments. Upon any increase in the aggregate amount of the Australian Commitments pursuant to this Section 2.15, at
the end of the then current Interest Period with respect to Australian Advances comprising each Eurocurrency Rate Borrowing then outstanding
(but in any event within 45 days), the respective Australian Advances shall be reallocated among the Australian Lenders so that, after
giving effect to such reallocation, the Australian Advances comprising each Australian Borrowing and continuing into the subsequent Interest
Period are funded by the Australian Lenders ratably according to their respective Unused Australian Commitments on such day. Prior to
any reallocation and except as otherwise expressly provided herein, any payments made to the Australian Lenders shall be made pro rata
with respect to their respective Australian Commitments in effect prior to such reallocation. Each Australian Lender (x) agrees that
the conditions precedent set forth in Section 3.3 shall not apply to any additional amounts required to be funded by such Lender pursuant
to this Section 2.15 and (y) waives any amounts otherwise payable by any Borrower under Section 2.18 in the event of a reallocation of
Australian Advances pursuant to this Section 2.15 other than on the last day of an Interest Period.

 

Section 2.16  
Extension of Termination Date. (a) At least 45 days but not more than 60 days prior to any anniversary of the Restatement
Date, the Company, by written notice to the

 

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Administrative Agent,
may request an extension of the Termination Date in effect at such time by one year from its then scheduled expiration. The Administrative
Agent shall promptly notify each Lender of such request, and each Lender shall in turn, in its sole discretion, not later than 30 days
prior to such anniversary date, notify the Company and the Administrative Agent in writing as to whether such Lender will consent to
such extension. If any Lender shall fail to notify the Administrative Agent and the Company in writing of its consent to any such request
for extension of the Termination Date at least 20 days prior to such anniversary date, such Lender shall be deemed to be a Non-Consenting
Lender with respect to such request. The Administrative Agent shall notify the Company not later than 15 days prior to such anniversary
date of the decision of the Lenders regarding the Company’s request for an extension of the Termination Date.

 

(b)  
If all the Lenders consent in writing to any such request in accordance with subsection (a) of this Section 2.16, the Termination
Date in effect at such time shall, effective as at the applicable anniversary date (the “Extension Date”),
be extended for one year. If less than all of the Lenders consent in writing to any such request in accordance with subsection (a) of
this Section 2.16, the Termination Date in effect at such time shall, effective as at the applicable Extension Date and subject to subsection
(d) of this Section 2.16, be extended as to those Lenders that so consented (each a “Consenting Lender”) but shall not be
extended as to any other Lender (each a “Non-Consenting Lender”). To the extent that the Termination Date is
not extended as to any Lender pursuant to this Section 2.16 and the Commitment of such Lender is not assumed in accordance with subsection
(c) of this Section 2.16 on or prior to the applicable Extension Date, the Commitment of such Non-Consenting Lender shall automatically
terminate in whole on such unextended Termination Date without any further notice or other action by the Company, such Lender or any
other Person; provided that such Non-Consenting Lender’s rights under Sections 2.18, 8.3, 8.4 and 10.3, and its obligations under
Section 7.6, shall survive the Termination Date for such Lender as to matters occurring prior to such date. It is understood and agreed
that no Lender shall have any obligation whatsoever to agree to any request made by the Company for any requested extension of the Termination
Date.

 

(c)  
If less than all of the Lenders consent to any such request pursuant to subsection (a) of this Section 2.16, the Administrative
Agent shall promptly so notify the Company. The Company may arrange for one or more Consenting Lenders or other Eligible Assignees
as Assuming Lenders to assume, effective as of the Extension Date, any Non-Consenting Lender’s Commitment and all of the
obligations of such Non-Consenting Lender under this Agreement thereafter arising, without recourse to or warranty by, or expense
to, such Non-Consenting Lender; provided, however, that the amount of the Commitment of any such Assuming Lender
as a result of such substitution shall in no event be less than US$10,000,000 unless the amount of the Commitment of such Non-Consenting
Lender is less than US$10,000,000, in which case such Assuming Lender shall assume all of such lesser amount; and provided
further that:

 

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(i)  
any such Consenting Lender or Assuming Lender shall have paid to such Non-Consenting Lender (A) the aggregate principal amount
of, and any interest accrued and unpaid to the effective date of the assignment on, the outstanding Advances, if any, of such Non-Consenting
Lender plus (B) any accrued but unpaid commitment fees owing to such Non-Consenting Lender as of the effective date of such assignment;

 

(ii)  
all additional costs reimbursements, expense reimbursements and indemnities payable to such Non-Consenting Lender, and all other
accrued and unpaid amounts owing to such Non-Consenting Lender hereunder, as of the effective date of such assignment shall have been
paid to such Non-Consenting Lender; and

 

(iii)  
with respect to any such Assuming Lender, the applicable processing and recordation fee required under Section 10.6 for such assignment
shall have been paid;

 

provided further that such Non-Consenting
Lender’s rights under Sections 2.18, 8.3 and 8.4, and its obligations under Section 7.6, shall survive such substitution as to
matters occurring prior to the date of substitution. At least three Business Days prior to any Extension Date, (A) each such Assuming
Lender, if any, shall have delivered to the Company and the Administrative Agent an Assumption Agreement, duly executed by such Assuming
Lender, such Non-Consenting Lender, the Company and the Administrative Agent, (B) any such Consenting Lender shall have delivered confirmation
in writing satisfactory to the Company and the Administrative Agent as to the increase in the amount of its Commitment and (C) each Non-Consenting
Lender being replaced pursuant to this Section 2.16 shall have delivered to the Administrative Agent any Note or Notes held by such Non-Consenting
Lender. Upon the payment or prepayment of all amounts referred to in clauses (i), (ii) and (iii) of the immediately preceding sentence,
each such Consenting Lender or Assuming Lender, as of the Extension Date, will be substituted for such Non-Consenting Lender under this
Agreement and shall be a Lender for all purposes of this Agreement, without any further acknowledgment by or the consent of the other
Lenders, and the obligations of each such Non-Consenting Lender hereunder shall, by the provisions hereof, be released and discharged.

 

(d)  
If (after giving effect to any assignments or assumptions pursuant to subsection (c) of this Section 2.16) Lenders having Commitments
equal to at least 50% of the Commitments in effect immediately prior to the Extension Date consent in writing to a requested extension
(whether by execution or delivery of an Assumption Agreement or otherwise) not later than one Business Day prior to such Extension Date,
the Administrative Agent shall so notify the Company, and, subject to the satisfaction of the conditions set forth in Section 3.3 (a)
and (b), the Termination Date then in effect shall be extended for the additional one-year period as described in subsection (a) of this
Section 2.16, and all references in this Agreement, and in the Notes, if any, to the “Termination Date” shall, with respect
to each Consenting Lender and each Assuming Lender for such Extension Date, refer to the Termination Date as so extended. Promptly following
each Extension Date, the Administrative Agent shall notify the Lenders (including, without limitation, each Assuming Lender) of the extension
of the scheduled Termination Date in effect immediately prior thereto and shall thereupon record in the

 

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Register
the relevant information with respect to each such Consenting Lender and each such Assuming Lender.

 

Section 2.17  
Benchmark Replacement Setting.

 

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

 

Solely
with respect to Advances denominated in US Dollars, if (i) a Benchmark Replacement Date has occurred and the applicable Benchmark Replacement
on such Benchmark Replacement Date is a Benchmark Replacement other than the sum of: (a) Term SOFR and (b) the related Benchmark Replacement
Adjustment, (ii) subsequently, the Relevant Governmental Body recommends for use a forward-looking term rate based on SOFR and the Company
requests that the Administrative Agent review the administrative feasibility of such recommended forward-looking term rate for purposes
of this Agreement and (iii) following such request from the Company, the Administrative Agent determines (in its sole discretion) that
such forward looking term rate is administratively feasible for the Administrative Agent, then the Administrative Agent may (in its sole
discretion) provide the Borrowers and Lenders with written notice that from and after a date identified in such notice: (i) a Benchmark
Replacement Date shall be deemed to have occurred, and the Benchmark Replacement on such Benchmark Replacement Date shall be deemed to
be a Benchmark Replacement determined in accordance with clause (1) of the definition of “Benchmark Replacement” under this
Section 2.17; provided, however, that if upon such Benchmark Replacement Date the Benchmark Replacement Adjustment is unable to be determined
in accordance with clause (1) of the definition of “Benchmark Replacement” and the corresponding definition of “Benchmark
Replacement Adjustment”, then the Benchmark Replacement Adjustment in effect immediately prior to such new Benchmark Replacement
Date shall be utilized for purposes of this Benchmark Replacement (for avoidance of doubt, for purposes of this proviso, such Benchmark
Replacement Adjustment shall be the Benchmark Replacement Adjustment which was established in accordance with the definition of “Benchmark
Replacement Adjustment” on the date determined in accordance with clauses (1) or (2), as applicable, of the definition of

 

    56 

     

    

“Benchmark
Replacement Date” hereunder) and (ii) such forward looking term rate shall be deemed to be the forward looking term rate referenced
in the definition of “Term SOFR” for all purposes hereunder in respect of any Benchmark setting and any subsequent Benchmark
settings, without any amendment to, or further action or consent of any other party to, this Agreement. For the avoidance of doubt, if
the circumstances described in the immediately preceding sentence shall occur, all applicable provisions set forth in this Section 2.17
shall apply with respect to such election of the Administrative Agent as completely as if such forward-looking term rate was initially
determined in accordance with clause (1) of the definition of “Benchmark Replacement”, including, without limitation, the
provisions set forth in clauses (b) and (f) of this Section 2.17.

 

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

 

(c)  Notices;
Standards for Decisions and Determinations. The Administrative Agent will promptly notify the Borrowers and the Lenders of (i) any
Benchmark Replacement Date and the related Benchmark Replacement, (ii) the effectiveness of any Benchmark Replacement Conforming Changes,
(iii) the removal or reinstatement of any tenor of a Benchmark pursuant to clause (d) below and (iv) the commencement of any Benchmark
Unavailability Period. For the avoidance of doubt, any notice required to be delivered by the Administrative Agent as set forth in this
Section 2.17 may be provided, at the option of the Administrative Agent (in its sole discretion), in one or more notices and may be delivered
together with, or as part of any amendment which implements any Benchmark Replacement or Benchmark Replacement Conforming Changes. Any
determination, decision or election that may be made by the Administrative Agent or, if applicable, any Lender (or group of Lenders)
pursuant to this Section 2.17, 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,
except, in each case, as expressly required pursuant to this Section 2.17.

 

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

 

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above
either (A) is subsequently displayed on a screen or information service for a Benchmark (including a Benchmark Replacement) or (B) is
not, or is no longer, subject to an announcement that it is or will no longer be representative for a Benchmark (including a Benchmark
Replacement), then the Administrative Agent may modify the definition of “Interest Period” for all Benchmark settings at
or after such time to reinstate such previously removed tenor.

 

(e)  Benchmark
Unavailability Period. Upon the Borrowers’ receipt of notice of the commencement of a Benchmark Unavailability Period, the
Borrowers may revoke any request for a Borrowing of, conversion to or continuation of Eurocurrency Rate Advances to be made, converted
or continued during any Benchmark Unavailability Period and, failing that (i) for each Eurocurrency Rate Advance denominated in US Dollars,
the Borrowers will be deemed to have converted any such request into a request for a Borrowing of or conversion to Base Rate Advances
and (ii) for each Eurocurrency Rate Advance denominated in any Committed Currency, the Borrowers will be deemed to have requested a Borrowing
of or conversion to Base Rate Advances in an amount equal to the Equivalent thereof in US Dollars. During any Benchmark Unavailability
Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of the Base Rate based upon
the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of the Base Rate. Furthermore,
if any Eurocurrency Rate Advance in any Agreed Currency is outstanding on the date of the Borrowers’ receipt of notice of the commencement
of a Benchmark Unavailability Period with respect to a Relevant Rate applicable to such Eurocurrency Rate Advance, then (i) if such Eurocurrency
Rate Advance is denominated in US Dollars, then on the last day of the Interest Period applicable to such Advance (or the next succeeding
Business Day if such day is not a Business Day), such Advance shall be converted by the Administrative Agent to, and shall constitute,
a Base Rate Advance on such day or (ii) if such Eurocurrency Rate Advance is denominated in any Committed Currency, then such Advance
shall, on the last day of the Interest Period applicable to such Advance (or the next succeeding Business Day if such day is not a Business
Day), at the applicable Borrower’s election prior to such day, (A) be prepaid by such Borrower on such day or (B) be exchanged
into the Equivalent amount thereof in US Dollars and converted by the Administrative Agent to, and shall constitute, a Base Rate Advance
on such day (it being understood and agreed that if such Borrower does not so prepay such Advance on such day by 12:00 noon, New York
City time, the Administrative Agent is authorized to effect such exchange and conversion of such Eurocurrency Rate Advance into a Base
Rate Advance).

 

(f)  Disclaimer.
The Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to (i) the
administration, submission or any other matter related to the London interbank offered rate or other rates in the definition of “Eurocurrency
Rate” or with respect to any alternative or successor rate thereto, or replacement rate thereof (including, without limitation
any Benchmark Replacement implemented hereunder), (ii) the composition or characteristics of any such Benchmark Replacement, including
whether it is similar to, or produces the same value or economic equivalence to LIBOR (or any other Benchmark) or have the same volume
or liquidity as did LIBOR (or any other Benchmark), (iii) any actions or use of its discretion or other decisions or determinations made
with respect to any matters covered by this Section 2.17 including, without

 

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limitation,
whether or not a Benchmark Transition Event has occurred, the removal or lack thereof of unavailable or non-representative tenors, the
implementation or lack thereof of any Benchmark Replacement Conforming Changes, the delivery or non-delivery of any notices required
by clause (c) above or otherwise in accordance herewith, and (iv) the effect of any of the foregoing provisions of this Section 2.17.

 

(g)  Certain
Defined Terms. As used in this Section 2.17:

 

“Agreed
Currency” means US Dollars or any Committed Currency.

 

“Available
Tenor” means, as of any date of determination and with respect to the then-current Benchmark, as applicable, any tenor
for such Benchmark or payment period for interest calculated with reference to such Benchmark, as applicable, that is or may be used
for determining the length of an Interest Period pursuant to this Agreement as of such date and not including, for the avoidance of doubt,
any tenor for such Benchmark that is then-removed from the definition of “Interest Period” pursuant to clause (d) of this
Section 2.17.

 

“Benchmark”
means, initially, the Relevant Rate; provided that if a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its
related Benchmark Replacement Date have occurred with respect to such Relevant Rate or the then-current Benchmark, then “Benchmark”
means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant
to clause (a) of this Section 2.17.

 

“Benchmark
Replacement” means, for any Available Tenor, the first alternative set forth in the order below that can be determined
by the Administrative Agent for the applicable Benchmark Replacement Date; provided that, in the case of any Advance denominated in a
Committed Currency, “Benchmark Replacement” shall mean the alternative set forth in clause (3) below:

 

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

 

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

 

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

 

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

 

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

 

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

 

(1)  for
purposes of clauses (1) and (2) of the definition of “Benchmark Replacement,” the first alternative set forth in the order
below that can be determined by the Administrative Agent: (a) the spread adjustment, or method for calculating or determining such spread
adjustment, (which may be a positive or negative value or zero) as of the Reference Time such Benchmark Replacement is first set for
such Interest Period that has been selected or recommended by the Relevant Governmental Body for the replacement of such Benchmark with
the applicable Unadjusted Benchmark Replacement for the applicable Corresponding Tenor; (b) the spread adjustment (which may be a positive
or negative value or zero) as of the Reference Time such Benchmark Replacement is first set for such Interest Period that would apply
to the fallback rate for a derivative transaction referencing the ISDA Definitions to be effective upon an index cessation event with
respect to such Benchmark for the applicable Corresponding Tenor; and

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

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

 

“Benchmark
Unavailability Period” means, with respect to any Benchmark, the period (if any) (x) beginning at the time that a Benchmark
Replacement Date pursuant to clauses (1) or (2) of that definition has occurred if, at such time, no Benchmark Replacement has replaced
the then-current Benchmark for all purposes hereunder in accordance with this Section 2.17 and (y) ending at the time that a Benchmark
Replacement has replaced the then-current Benchmark for all purposes hereunder in accordance with this Section 2.17.

 

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

 

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

 

“Early
Opt-in Election” means:

 

(a)  in
the case of Advances denominated in US Dollars:

 

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

 

(2)  the
joint election by the Administrative Agent and the Company to trigger a fallback from LIBOR and the provision by the Administrative Agent
of written notice of such election to the Lenders; and

 

(b)  in
the case of Advances denominated in any Committed Currency:

 

(1)  a
notification by the Administrative Agent to (or the request by the Company to the Administrative Agent to notify) each of the other parties
hereto that at least five currently outstanding syndicated credit facilities denominated in such Committed Currency in the U.S. syndicated
loan market at such time contain (as a result of amendment or as originally executed) a new benchmark interest rate to replace the Relevant
Rate (and such syndicated credit facilities are identified in such notice and are publicly available for review), and

 

(2)  the
joint election by the Administrative Agent and the Company to declare that an Early Opt-in Election has occurred and the provision by
the Administrative Agent of written notice of such election to the Lenders.

 

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

 

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

 

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

 

“Relevant
Governmental Body” means (a) with respect to a Benchmark Replacement in respect of Advances denominated in US 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 Advances denominated in any Committed Currency, (i) the central bank for the currency
in which such Benchmark Replacement is denominated 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 (ii) any working group or committee officially
endorsed or convened by (A) the central bank for the currency in which such Benchmark Replacement is denominated, (B) any central bank
or other supervisor that is responsible for supervising either (1) such Benchmark Replacement or (2) 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.

 

“Relevant
Rate” means, with respect to any Eurocurrency Rate Advance denominated in an Agreed Currency other than Euro, LIBOR with
respect to such Agreed Currency, with respect to any Eurocurrency Rate Advance denominated in Euro, the EURIBO Rate and, with respect
to any Swing Line Advance denominated in Euro, EONIA.

 

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

 

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

 

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

 

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

 

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

 

Section 2.18  
Funding Losses. If any Borrower makes any payment of principal with respect to any Eurocurrency Rate Advance (pursuant
to Article 2, 6 or 8 or otherwise) on any day other than the last day of the Interest Period applicable thereto, or if any Borrower fails
to borrow, prepay, or Convert into any Eurocurrency Rate Advances after notice has been given to any Lender in accordance with Section
2.1 or 2.10, or any Borrower Converts any Eurocurrency Rate Advance other than on the last day of the Interest Period applicable thereto,
such Borrower shall reimburse each Lender within 15 days after demand for any resulting loss or expense incurred by it (or by an existing
or prospective Participant in the related Advance), including (without limitation) any loss incurred in obtaining, liquidating or employing
deposits from third parties, but excluding loss of margin for the period after any such payment, failure to borrow, prepay or Convert
or Conversion, provided that such Lender shall have delivered to the applicable Borrower a written request as to the amount of such loss
or expense, which written request shall be conclusive in the absence of manifest error. Without limiting the effect of the preceding
sentence, such compensation shall include an amount equal to the excess, if any, of (i) the amount of interest that otherwise would have
accrued on the principal amount so paid, prepaid, Converted or not borrowed or Converted for the period from the date of such payment,
prepayment, failure to borrow or Convert, or Conversion to the last day of the then current Interest Period for such Advance (or, in
the case of a failure to borrow, the Interest Period for such Advance that would have commenced on the date specified for such borrowing
or Conversion) at the applicable rate of interest for such Advance provided for herein (excluding loss of margin) over (ii) the amount
of interest that otherwise would have accrued on such principal amount at a rate per annum equal to the interest component of the amount
such Lender would have bid in the London interbank market (if such Advance is a Eurocurrency Rate Advance) or the United States secondary
certificate of deposit market (if such Advance is a Eurocurrency Rate Advance denominated in US Dollars) for US Dollar deposits of leading
banks in amounts comparable to such principal amount and with maturities comparable to such period (as reasonably determined by such
Lender). This Section 2.18 shall apply to amounts received by any Lender in respect of the principal portion of the purchase price of
Advances that such Lender is required to assign pursuant to Section 8.5 as if such receipt were a prepayment of such Advances.

 

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Section 2.19  
Defaulting Lenders.

 

(a)  
If any Letters of Credit or Swing Line Borrowings are outstanding at the time a Lender becomes a Defaulting Lender, and the Commitments
have not been terminated in accordance with Section 6.1, then:

 

(i)  so
long as no Default has occurred and is continuing, all or any part of the Available Amount of outstanding Letters of Credit and the principal
amount of all outstanding Swing Line Borrowings shall be ratably reallocated among the Lenders that are not Defaulting Lenders (“non-Defaulting
Lenders”) in accordance with their respective Ratable Shares (disregarding any Defaulting Lender’s 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 and of outstanding Swing Line Borrowings,
plus (C) the aggregate principal amount of all Advances made by each Issuing Bank pursuant to Section 2.2(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 and Swing Line Borrowings, does not exceed the total of all non-Defaulting Lenders’ Commitments.

 

(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 the Administrative Agent, cash collateralize such Defaulting Lender’s Ratable Share of the Available Amount
of such Letters of Credit and such Swing Line Borrowings (after giving effect to any partial reallocation pursuant to clause (i) above)
by paying cash collateral to the applicable Issuing Bank or the applicable Swing Line Bank, as applicable, for so long as such Letters
of Credit or Swing Line Borrowings are outstanding;

 

(iii)  if
the Ratable Shares of Letters of Credit of the non-Defaulting Lenders are reallocated pursuant to this Section 2.19(a), then the fees
payable to the Lenders pursuant to Section 2.5(b)(i) shall be adjusted in accordance with such non-Defaulting Lenders’ Ratable
Shares of Letters of Credit; or

 

(iv)  if
any Defaulting Lender’s Ratable Share of Letters of Credit is neither cash collateralized nor reallocated pursuant to Section 2.19(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 2.6(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 Lender’s Ratable Share of Letters of Credit is cash collateralized and/or reallocated.

 

(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,
and no Swing Line Bank shall be required to fund any Swing Line Advance, unless it is satisfied that the related exposure will be 100%
covered by

 

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the Commitments of
the non-Defaulting Lenders and/or cash collateral will be provided by the applicable Borrower in accordance with Section 2.19(a), and
participating interests in any such newly issued or increased Letter of Credit or Swing Line Borrowings shall be allocated among non-Defaulting
Lenders in a manner consistent with Section 2.19(a)(i) (and Defaulting Lenders shall not participate therein).

 

(c)  
No Commitment of any Lender shall be increased or otherwise affected, and, except as otherwise expressly provided in this Section
2.19, performance by the Borrowers of their obligations shall not be excused or otherwise modified as a result of the operation of this
Section 2.19. The rights and remedies against a Defaulting Lender under this Section 2.19 are in addition to any other rights and remedies
which the Borrowers, the Administrative Agent, any Issuing Bank or any Lender may have against such Defaulting Lender.

 

(d)  
If the Company, the Administrative Agent, each Issuing Bank and each Swing Line Bank agree in writing in their reasonable determination
that a Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Administrative 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, that Lender will, to the
extent applicable, purchase at par that portion of outstanding Advances of the other Lenders or take such other actions as the Administrative
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 Commitments, 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 the Borrowers 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.

 

Article
3

CONDITIONS

 

Section 3.1  
Effectiveness of Amendment and Restatement. The amendment and restatement of the Existing Credit Agreement shall occur
upon receipt by the Administrative Agent of the following documents, each dated the Restatement Date unless otherwise indicated:

 

(a)  
an opinion of the Deputy General Counsel of the Company, substantially in the form of Exhibit C hereto and an opinion of Davis
Polk & Wardwell London LLP, counsel to MTHUK, in form and substance reasonably satisfactory to the Required Lenders;

 

(b)  
an opinion of Shearman & Sterling LLP, special counsel for the Administrative Agent, substantially in the form of Exhibit
D hereto and covering such additional matters relating to the transactions contemplated hereby as the Required Lenders may reasonably
request;

 

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(c)  
the following documents of each of the Company and MTHUK, each certified as indicated below:

 

(i)  
a copy of the certificate of incorporation or other applicable organizational or charter document, as then in effect, certified
as of a recent date by the Secretary of State (or other appropriate governmental authority) of its jurisdiction of organization (and
in the case of MTHUK, certified by a director or secretary of MTHUK), and (to the extent applicable and available in the relevant jurisdiction)
a certificate from such Secretary of State dated as of a recent date as to the good standing of and charter documents filed by such Borrower
(and for the avoidance of doubt such certificate shall not be required for MTHUK); and

 

(ii)  
a certificate of the Secretary or an Assistant Secretary of each Borrower, dated the Restatement Date and certifying (A) that
attached thereto is a true and complete copy of the by-laws, as amended and in effect at all times from the date on which the resolutions
referred to in clause (B) below were adopted to and including the date of such certificate, (B) that attached thereto is a true and complete
copy of resolutions duly adopted by the board of directors authorizing the execution, delivery and performance of this Agreement and
the Advances hereunder and such other documents to which such Borrower is or is intended to be a party, and that such resolutions have
not been modified, rescinded or amended and are in full force and effect, (C) that the organizational document of such Borrower has not
been amended since the date of the certification thereto furnished pursuant to clause (i) above, and (D) as to the incumbency and specimen
signature of each officer executing this Agreement and each of the other documents to which such Borrower is intended to be a party and
each other document to be delivered by such Borrower from time to time in connection herewith or therewith (and the Administrative Agent
and each Lender may conclusively rely on such certificate until it receives notice in writing from such Borrower);

 

(d)  
a certificate of a senior officer of the Company, dated the Restatement Date, to the effect set forth in Section 3.3(a) and (b);

 

(e)  
evidence that any Borrower that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall
have delivered, to each Lender that so requests, a Beneficial Ownership Certification in relation to such Borrower;

 

(f)  
evidence that (i) all outstanding amounts under the Existing Credit Agreement have been paid in full and (ii) all outstanding
amounts, and termination of the commitments, under the $1,000,000,000 364-Day Credit Agreement dated as of April 8, 2020 among the Company,
the lenders party thereto and Citibank, as administrative agent (and each of the Lenders that is a party to such Credit Agreement hereby
waives any requirement that notice of such prepayment or termination of commitments be made in advance of the Restatement Date); and

 

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(g)  
such other documents as the Administrative Agent or any Lender or special counsel to the Administrative Agent may reasonably request.

 

Section 3.2  
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 Administrative Agent on or before the date of such initial Advance of each of the following,
in form and substance reasonably satisfactory to the Administrative Agent and dated such date, and (except for the Notes) in sufficient
copies for each Lender:

 

(a)  
the following corporate documents of such Designated Subsidiary, each certified as indicated below:

 

(i)  
a copy of the certificate of incorporation or other applicable organizational or charter document, as amended and in effect, certified
as of a recent date by the Secretary of State (or other appropriate governmental authority) of its jurisdiction of organization (and
in the case of any Designated Subsidiary incorporated in England and Wales, certified by a director or secretary of such Designated Subsidiary),
and (to the extent applicable and available to the relevant jurisdiction) a certificate from such Secretary of State dated as of a recent
date as to the good standing of and charter documents filed by such Designated Subsidiary (and for the avoidance of doubt, such certificate
shall not be required for any Designated Subsidiary incorporated in England and Wales); and

 

(ii)  
a certificate of the Secretary or an Assistant Secretary of each Designated Subsidiary, dated the Restatement Date and certifying
(A) that attached thereto is a true and complete copy of the by-laws, as amended and in effect at all times from the date on which the
resolutions referred to in clause (B) below were adopted to and including the date of such certificate, (B) that attached thereto is
a true and complete copy of resolutions duly adopted by the board of directors authorizing the execution, delivery and performance of
this Agreement and the Advances hereunder and such other documents to which such Designated Subsidiary is or is intended to be a party,
and that such resolutions have not been modified, rescinded or amended and are in full force and effect, (C) that the charter of such
Designated Subsidiary has not been amended since the date of the certification thereto furnished pursuant to clause (i) above, and (D)
as to the incumbency and specimen signature of each officer executing this Agreement and each of the other documents to which such Designated
Subsidiary is intended to be a party and each other document to be delivered by such Designated Subsidiary from time to time in connection
herewith or therewith (and the Administrative Agent and each Lender may conclusively rely on such certificate until it receives notice
in writing from such Designated Subsidiary).

 

(b)  
A certificate signed by a duly authorized officer of the Company, 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

 

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to execute
and deliver its Designation Agreement and the Notes to be delivered by it and to perform its obligations hereunder and thereunder.

 

(c)  
A Designation Agreement duly executed by such Designated Subsidiary and the Company.

 

(d)  
Favorable opinions of counsel (which may be in-house counsel) to such Designated Subsidiary, in form and substance reasonably
satisfactory to the Required Lenders.

 

(e)  
Such other approvals, opinions or documents as any Lender, through the Administrative Agent may reasonably request.

 

Section 3.3  
Conditions Precedent to Each Borrowing and Issuance. The obligation of each Lender to make an Advance (other than an Advance
made by any Issuing Bank or any Lender pursuant to Section 2.4(c)) on the occasion of each Borrowing, and the obligation of each Issuing
Bank to issue a Letter of Credit shall be subject to the conditions precedent that the Restatement Date shall have occurred and on the
date of such Borrowing or Issuance (a) the following statements shall be true (and each of the giving of the applicable Notice of Revolving
Credit Borrowing, Notice of Canadian Borrowing, Notice of Australian Borrowing, Notice of Issuance and the acceptance by the applicable
Borrower of the proceeds of such Borrowing or Issuance shall constitute a representation and warranty by such Borrower that on the date
of such Borrowing or Issuance such statements are true):

 

(a)  
the representations and warranties contained in Article 4 (except in the case of any Borrowing made on a date subsequent to the
Restatement Date, the representations and warranties set forth in Section 4.4(b) and Section 4.5) are correct on and as of such date,
before and after giving effect to such Borrowing or Issuance and to the application of the proceeds therefrom, as though made on and
as of such date, and

 

(b)  
no event has occurred and is continuing, or would result from such Borrowing or Issuance or from the application of the proceeds
therefrom, that constitutes a Default.

 

Article
4

REPRESENTATIONS AND WARRANTIES

 

The Company represents
and warrants that:

 

Section 4.1  
Corporate Existence and Power. Each Borrower (a) is a corporation or similar entity 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 and (b)
has all corporate or similar powers and all material governmental licenses, authorizations, consents and approvals required to carry
on its business as now conducted.

 

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Section 4.2  
Corporate and Governmental Authorization; No Contravention. The execution, delivery and performance by such Borrower of
this Agreement and the Notes, if any, issued by each Borrower are within its corporate or similar powers, have been duly authorized by
all necessary corporate or similar action, require no action by or in respect of, or filing with, any governmental body, agency or official
and do not contravene, conflict with, or constitute a default under any provision of applicable law or regulation or of the organization
documents or by-laws of such Borrower or of any agreement, judgment, injunction, order, decree or other instrument binding upon the Company
or any of its Material Subsidiaries or result in the creation or imposition of any Lien on any asset of the Company or any of its Material
Subsidiaries. Without limiting the generality of the foregoing representation, the aggregate outstanding amount of the Advances hereunder
does not exceed any limitations on the aggregate amount of borrowings that may be effected by the Company and its Subsidiaries set by
the Company’s Board of Directors.

 

Section 4.3  
Binding Effect. This Agreement constitutes a valid and binding agreement of such Borrower and each Note, if any, when executed
and delivered in accordance with this Agreement, will constitute a valid and binding obligation of each Borrower, in each case enforceable
against such Borrower in accordance with its respective terms, except as such enforceability may be limited by (a) bankruptcy, insolvency,
reorganization, moratorium or similar laws of general applicability affecting the enforcement of creditors’ rights and (b) the
application of general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at
law).

 

Section 4.4  
Financial Information. (a) The consolidated balance sheet of the Company and its Consolidated Subsidiaries as of December
31, 2020 and the related consolidated statements of income, cash flows and stockholders’ equity for the fiscal year then ended,
reported on by Deloitte & Touche LLP and included in the Company’s 2020 Form 10-K, a copy of which has been delivered to each
of the Lenders, fairly present, in conformity with generally accepted accounting principles, the consolidated financial position of the
Company and its Consolidated Subsidiaries as of such date and their consolidated results of operations and cash flows for such fiscal
year.

 

(b)  
Since December 31, 2020 there has been no material adverse change in the business, consolidated financial position or consolidated
results of operations of the Company and its Consolidated Subsidiaries, considered as a whole, except as disclosed in the Company’s
public filings before the Restatement Date, or as otherwise disclosed in writing to the Lenders prior to the Restatement Date and for
any Specified Claim.

 

Section 4.5  
Litigation. There is no action, suit or proceeding pending against, or to the knowledge of the Company threatened against
or affecting, the Company or any of its Subsidiaries before any court or arbitrator or any governmental body, agency or official in which
there is a reasonable probability of an adverse decision which would materially adversely affect (except as disclosed in writing to the
Lenders prior to the Restatement Date, including pursuant to the Company’s 2020 Form 10-K, and except for any Specified Claim)
the business, consolidated financial condition or consolidated results of operations of the Company and its

 

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Consolidated Subsidiaries,
considered as a whole, or which in any manner draws into question the validity or enforceability of this Agreement or the other Loan
Documents.

 

Section 4.6  
Compliance with ERISA. Each member of the ERISA Group has fulfilled its obligations under the minimum funding standards
of ERISA and the Internal Revenue Code with respect to each Plan and is in compliance in all material respects with the presently applicable
provisions of ERISA and the Internal Revenue Code with respect to each Plan. No member of the ERISA Group has, within the past five years
(i) sought a waiver of the minimum funding standard under Section 412 of the Internal Revenue Code in respect of any Plan, (ii) failed
to make any contribution or payment to any Plan or Multiemployer Plan, or made any amendment to any Plan, which has resulted or could
reasonably be expected to result in the imposition of a Lien or the posting of a bond or other security under ERISA or the Internal Revenue
Code (other than under Section 412 of ERISA) or (iii) incurred any liability under Title IV of ERISA other than a liability to the PBGC
for premiums under Section 4007 of ERISA.

 

Section 4.7  
Taxes. The Company and its Material Subsidiaries have filed all material income tax returns which are required to be filed
by them and have paid all taxes due pursuant to such returns. The charges, accruals and reserves on the books of the Company, and its
respective Material Subsidiaries in respect of taxes or other governmental charges are, in the opinion of the Company, adequate.

 

Section 4.8  
Subsidiaries. Each of the Company’s Material Subsidiaries is a corporation or similar entity validly existing and
in good standing (to the extent such concept is applicable in the relevant jurisdiction) under the laws of its jurisdiction of organization,
and has all corporate or similar powers and all material governmental licenses, authorizations, consents and approvals required to carry
on its business as now conducted.

 

Section 4.9  
Regulatory Restrictions on Borrowing. No Borrower is subject to any regulatory scheme not applicable to corporations generally
which restricts its ability to incur debt or would render the Advances void or voidable.

 

Section 4.10  
Full Disclosure. All material information (other than projections, estimates or forward-looking information) heretofore
furnished by the Company to the Administrative Agent or any Lender for purposes of or in connection with this Agreement or any transaction
contemplated hereby is, and all such information hereafter furnished by the Company to the Administrative Agent or any Lender will be,
true and accurate in all material respects on the date as of which such information is stated or certified. All projections, estimates
or forward-looking statements, if any, that have been or will be prepared by the Company and made available to the Administrative Agent
or any Lender have been or will be prepared in good faith based upon assumptions that the Company believes are reasonable (it being understood
that such projections, estimates or forward-looking statements are subject to significant risks, uncertainties and contingencies, many
of which are beyond the Company’s control, and that actual results may vary materially from such projections, estimates or forward-looking
statements). The Company has disclosed to the Lenders in writing (including pursuant to the Company’s filings with the Securities
and Exchange Commission) any and all facts which, in the Company's good faith judgment, materially adversely affect or may materially
adversely affect (to the extent it can now

 

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reasonably foresee)
the business, operations or financial condition of the Company, or the ability of the Borrowers to perform their obligations under this
Agreement.

 

Section 4.11  
Use of Credit; Investment Company Act. Not more than 25% of the value of the assets of any Borrower (individually) and
such Borrower and its Subsidiaries (determined on a consolidated basis) that are subject to the restrictions in Sections 5.5 and 5.7
is attributable to Margin Stock. No Borrower is required to register as an “investment company” within the meaning of the
Investment Company Act of 1940, as amended.

 

Section 4.12  
Anti-Corruption Laws and Sanctions. The Company has implemented and maintains in effect policies and procedures reasonably
designed to promote compliance by the Company, its Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption
Laws and applicable Sanctions and the Company and its Subsidiaries are in compliance with Anti-Corruption Laws and applicable Sanctions
in all material respects. None of the Company, any Subsidiary or any of their respective directors or officers, or, to the knowledge
of the Company, any of their respective employees or any agent of the Company or any Subsidiary that will act in any capacity in connection
with or benefit from the credit facility established hereby, is, or is controlled by, a Sanctioned Person.

 

Section 4.13  
EEA Financial Institution. No Borrower is an EEA Financial Institution.

 

Section 4.14  
Beneficial Ownership Certification. As of the Restatement Date, the information included in the Beneficial Ownership Certification,
if applicable, is true and correct in all respects.

 

Article
5

COVENANTS

 

The Company agrees
that, so long as any Lender has any Commitment hereunder or any amount payable hereunder remains unpaid:

 

Section 5.1  
Information. The Company will deliver to each of the Lenders:

 

(a)  
as soon as available and in any event within 120 days after the end of each fiscal year of the Company, a consolidated balance
sheet of the Company and its Consolidated Subsidiaries as of the end of such fiscal year and the related consolidated statements of income,
cash flows and stockholders’ equity for such fiscal year, setting forth in each case in comparative form the figures as at the
end of and for the previous fiscal year, all reported on in a manner acceptable to the Securities and Exchange Commission by Deloitte
& Touche LLP or other independent public accountants of nationally recognized standing (it being understood that delivery of the
Company’s annual report and Form 10-K for any fiscal year as filed with the Securities and Exchange Commission pursuant to the
Securities Exchange Act of 1934, as amended, will satisfy this requirement with respect to such fiscal year);

 

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(b)  
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
the Company, a consolidated balance sheet or equivalent statement of financial position of the Company and its Consolidated Subsidiaries
as of the end of such quarter and the related consolidated statements of income and cash flows for such quarter and for the portion of
the Company’s fiscal year ended at the end of such quarter, setting forth in the case of such statements of income and cash flows
in comparative form the figures for the corresponding quarter and the corresponding portion of the Company’s previous fiscal year,
all certified (subject to normal year-end adjustments) as to fairness of presentation, generally accepted accounting principles and consistency
(except with respect to any changes made as a result of changes to generally accepted accounting principles) by the chief financial officer,
the treasurer or the chief accounting officer of the Company (it being understood that delivery of the Company’s quarterly report
on Form 10-Q for any fiscal quarter as filed with the Securities and Exchange Commission pursuant to the Securities Exchange Act of 1934,
as amended, will satisfy this requirement with respect to such fiscal quarter and, if applicable, the portion of the Company’s
fiscal year ended at the end of such quarter);

 

(c)  
simultaneously with the delivery of each set of financial statements referred to in clauses (a) and (b) above, one or more certificates
of the chief financial officer, the treasurer or the chief accounting officer of the Company (i) setting forth in reasonable detail the
calculations required to establish whether the Company was in compliance with the requirements of Sections 5.4 and 5.7 on the date of
such financial statements, and (ii) stating whether any Default exists on the date of such certificate and, if any Default then exists,
setting forth the details thereof and the action which the Company is taking or proposes to take with respect thereto;

 

(d)  
forthwith upon the occurrence of any Default, a certificate of the chief financial officer, the treasurer or the chief accounting
officer of the Company setting forth the details thereof and, the action which the Company is taking or proposes to take with respect
thereto;

 

(e)  
promptly upon the mailing thereof to the stockholders of the Company generally, copies of all financial statements, reports and
proxy statements so mailed;

 

(f)  
promptly upon the filing thereof, copies of all registration statements (other than the exhibits thereto and any registration
statements on Form S-8 or its equivalent) and reports on Forms 10-K, 10-Q and 8-K (or their equivalents) which the Company shall have
filed with the Securities and Exchange Commission;

 

(g)  
if and when any member of the ERISA Group (i) gives or is required to give notice to the PBGC of any “reportable event”
(as defined in Section 4043 of ERISA) with respect to any Plan which might constitute grounds for a termination of such Plan under Title
IV of ERISA, or knows that the plan administrator of any Plan has given or is required to give notice of any such reportable event, a
copy of the notice of such reportable event given or required to be given to the PBGC; (ii) receives notice of

 

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complete
or partial withdrawal liability under Title IV of ERISA or notice that any Multiemployer Plan is in reorganization, is insolvent or has
been terminated, a copy of such notice; (iii) receives notice from the PBGC under Title IV of ERISA of an intent to terminate, impose
liability (other than for premiums under Section 4007 of ERISA) in respect of, or appoint a trustee to administer, any Plan, a copy of
such notice; (iv) applies for a waiver of the minimum funding standard under Section 412 of the Internal Revenue Code, a copy of
such application; (v) gives notice of intent to terminate any Plan under Section 4041(c) of ERISA, a copy of such notice and other information
filed with the PBGC; (vi) gives notice of withdrawal from any Plan pursuant to Section 4063 of ERISA, a copy of such notice; or
(vii) fails to make any payment or contribution to any Plan or Multiemployer Plan or makes any amendment to any Plan which has resulted
or could reasonably be expected to result in the imposition of a Lien or the posting of a bond or other security (other than under Section
412 of ERISA), a certificate of the chief financial officer, the treasurer or the chief accounting officer of the Company setting forth
details as to such occurrence and action, if any, which the Company or applicable member of the ERISA Group is required or proposes to
take;

 

(h)  
promptly after any change in the Company’s long-term senior unsecured debt rating by Moody’s or S&P (as defined
in the Pricing Schedule), a notice thereof; and

 

(i)  
from time to time such additional information regarding the financial position or business of the Company and its Subsidiaries
as the Administrative Agent, at the request of any Lender, may reasonably request and any information reasonably requested by the Administrative
Agent or any Lender reasonably necessary to ensure compliance with applicable “know your customer” Laws (including the Beneficial
Ownership Regulation).

 

In the case of information required
to be delivered pursuant to this Section, either (i) the Company shall deliver paper copies of such information to each Lender, or (ii)
such information shall be deemed to have been delivered on the date on which the Company provides (or causes to be provided) notice to
the Lenders (which notice may be by electronic mail) that such information has been posted on the Company’s website on the Internet
at the website address listed on the signature pages hereof, at sec.gov/edaux/searches.htm or at another website identified in such notice
and accessible by the Lenders without charge; provided that (x) such notice may also be included in a certificate delivered pursuant
to clause 5.1(c) and (y) the Company shall deliver paper copies of the information referred to in this Section to any Lender which requests
such delivery.

 

Section 5.2  
Conduct of Business and Maintenance of Existence. The Company will continue, and will cause its Material Subsidiaries to
continue, to engage in business of the same general type as now conducted by the Company and its Material Subsidiaries, and will preserve,
renew and keep in full force and effect, and will cause each such Material Subsidiary to preserve, renew and keep in full force and effect,
their respective existence and their respective rights, privileges and franchises necessary or desirable in the normal conduct of business;
provided that nothing in this Section 5.2 shall prohibit (i) the merger of a Subsidiary of the Company into the Company or the merger
or consolidation of a Subsidiary with or into another Person if the

 

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corporation surviving
such consolidation or merger is a Subsidiary and if, in each case, after giving effect thereto, no Default shall have occurred and be
continuing, (ii) the termination of the corporate existence of any Material Subsidiary of the Company if the Company, in good faith determines
that such termination is in the best interest of the Company, (iii) the discontinuance of the business of any Material Subsidiary if
the Company in good faith determines that such discontinuance is in the best interest of the Company or (iv) any transaction permitted
by Section 5.5.

 

Section 5.3  
Compliance with Laws; Borrowing Authorization. The Company will comply, and cause each of its Material Subsidiaries to
comply, in all material respects with all applicable laws, ordinances, rules, regulations, and requirements of governmental authorities
(including, without limitation, Environmental Laws and ERISA and the rules and regulations thereunder) except where (i) the necessity
of compliance therewith is contested in good faith by appropriate proceedings or (ii) non-compliance therewith would not have a material
adverse effect upon the business, financial position, results of operations or prospects of the Company and its Subsidiaries, considered
as a whole. The Company will maintain in effect policies and procedures reasonably designed to promote compliance by the Company, its
Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions. The Company
will not permit the aggregate outstanding amount of the Advances plus the Available Amount of Letters of Credit outstanding hereunder
to exceed any limitations on the aggregate amount of borrowings that may be effected by the Company and its Subsidiaries set by the Company’s
Board of Directors.

 

Section 5.4  
Financial Covenants(a). (a) Consolidated Leverage Ratio. The Company will maintain as of the
last day of each Measurement Period a Consolidated Leverage Ratio of not more than (i) 3.75:1.00 for the fiscal quarter ended March 31,
2021 (ii) 3.50:1.00 for the fiscal quarter ended June 30, 2021 and (iii) after June 30, 2021, 3.25:1.00 (the “Consolidated
Leverage Ratio Covenant”); provided that, after June 30, 2021, upon the written notice of the Company (such notice,
which shall include a listing of the acquisitions so made, a “Covenant Reset Notice”), but without any action
on the part of the Administrative Agent or any Lender, at any time where during the prior twelve month period the Company can demonstrate
that it and/or any Subsidiaries of the Company have made acquisitions whose aggregate consideration equals or exceeds $500,000,000, which
amount of aggregate consideration is calculated consistently with the Company’s reporting standard of “Acquisitions”
in its cash flow statement included in the Company’s annual report on Form 10-K for the fiscal year ended December 31, 2020 as
filed with the Securities and Exchange Commission (without duplication of any acquisition that was included in any previous Covenant
Reset Notice) and, in any event, the maximum Consolidated Leverage Ratio permitted under this Section 5.4(a) shall be automatically increased
from 3.25:1.00 to 3.50:1.00, for a period of four fiscal quarters (a “Covenant Reset Period”), commencing with
the fiscal quarter in which one of the subject acquisitions included in the Covenant Reset Request is consummated; provided, further,
that the Company shall provide to the Administrative Agent such details with respect to such acquisitions as the Administrative Agent,
in its reasonable discretion, shall request; provided, further, that prior to the delivery
of the first Covenant Reset 

 

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Notice
after June 30, 2021 and after the end of each Covenant Reset Period, the Company shall deliver to the Administrative Agent an executed
compliance certificate that shall evidence the Company’s compliance with a Consolidated Leverage Ratio of 3.25 to 1.00 for a full
fiscal quarter following the end of such Covenant Reset Period before becoming entitled to make an additional Covenant Reset Request
(which, for the avoidance of doubt, must nonetheless comply with the other requirements of this Section 5.4(a)).

 

(b)  
Consolidated Interest Coverage Ratio. The Company will maintain for each Measurement Period a Consolidated Interest Coverage
Ratio of not less than 4.00: 1.00.

 

Section 5.5  
Consolidations, Mergers and Sales of Assets. The Company will not (i) consolidate or merge with or into any Person
or (ii) sell, lease or otherwise transfer all or substantially all of its assets to any other Person; provided that (x) the Company may
merge with any Wholly-Owned Consolidated Subsidiary if (1) such Wholly-Owned Subsidiary delivers to the Administrative Agent opinions
and documents of the types described in Section 3.1(a) and (c), (2) immediately after such merger no Default shall have occurred and
be continuing and (3) such Wholly-Owned Consolidated Subsidiary shall expressly assume in writing all of the obligations of the Company
hereunder, and under the Notes (if any), and (y) the Company may merge with any other Person if (A) the Company is the corporation surviving
such merger and (B) immediately after giving effect to such merger, no Default shall have occurred and be continuing.

 

Section 5.6  
Use of Proceeds. The proceeds of the Advances and the Letters of Credit will be used only for general corporate purposes
of the Borrowers and their Subsidiaries in the ordinary course of business, provided that no Borrower shall be entitled to use the proceeds
of any Advances or Letters of Credit to acquire any Person by means of a “hostile acquisition”. No part of the proceeds of
any Advance or Letters of Credit will be used, whether directly or indirectly, for any purpose that entails a violation of any of the
Regulations of the Board, including Regulations U and X. No Borrower or any of its Subsidiaries shall use the proceeds of any Borrowing
or Letter of Credit 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. No Borrower or any of its Subsidiaries shall use the proceeds
of any Borrowing or Letter of Credit for the purpose of financing any activities, business or transaction of or with any Sanctioned Person
or a Person known by the Company to be controlled by a Sanctioned Person, or in any Sanctioned Country, except where such activities,
business or transaction could be conducted legally by a U.S. Person.

 

Section 5.7  
Negative Pledge. Neither the Company nor any Consolidated Subsidiary will create, assume or suffer to exist any Lien on
any asset now owned or hereafter acquired by it, except:

 

(a)  
Liens on the Mortgaged Property to secure Debt under the Mortgage;

 

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(b)  
Liens arising in the ordinary course of its business which (i) do not secure Debt or Derivatives Obligations, (ii) do not secure,
in the case of judgments or orders, obligations in an aggregate amount exceeding US$100,000,000 and (iii) do not in the aggregate materially
detract from the value of its assets or materially impair the use thereof in the operation of its business;

 

(c)  
Liens on property of a Person existing at the time such Person is merged into or consolidated with the Company or any Subsidiary
of the Company or becomes a Subsidiary of the Company; 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 the Company
or such Subsidiary or acquired by the Company or such Subsidiary,

 

(d)  
Liens on cash and cash equivalents securing Derivatives Obligations, provided that the aggregate amount of cash and cash
equivalents subject to such Liens may at no time exceed US$250,000,000 and provided further that the sum of (x) such aggregate
amount and (y) the aggregate amount of Debt secured as permitted by clause (f) below does not at any date exceed US$500,000,000;

 

(e)  
Liens on cash collateral provided under the terms of this Agreement; and

 

(f)  
Liens not otherwise permitted by the foregoing clauses of this Section securing Debt or other obligations, provided that
the sum of (x) the principal or face amount of such Debt and other obligations and (y) the aggregate amount of cash and cash equivalents
referred to in clause (d) above does not at any date exceed US$500,000,000.

 

Section 5.8  
Taxes, Etc. The Company will, and will cause each of its Material Subsidiaries to:

 

(a)  
pay and discharge all taxes, assessments and governmental charges or levies imposed on it or on its income or profits or on any
of its property prior to the date on which penalties attach thereto, except for any such tax, assessment, charge or levy the payment
of which is being contested in good faith and by proper proceedings and against which adequate reserves are being maintained or the nonpayment
of which would not have a material adverse effect on the business, financial condition or results of operations of the Company and its
Consolidated Subsidiaries, considered as a whole;

 

(b)  
keep adequate records and books of account, in which complete entries will be made in accordance with generally accepted accounting
principles consistently applied; and

 

(c)  
permit representatives of any Lender or the Administrative Agent, during normal business hours, to examine, copy and make extracts
from its books and records, to inspect any of its properties, and to discuss its business and affairs with its officers, all to the extent
reasonably requested by such Lender or the Administrative Agent (as the case may be).

 

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Section 5.9  
Maintenance of Insurance. The Company will maintain, and cause each of its Consolidated Subsidiaries to maintain, insurance
with responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies
engaged in similar businesses and owning similar properties in the same general areas in which the Company or such Consolidated Subsidiary
operates; provided that the Company and its Subsidiaries may self-insure to the same extent as other companies engaged in similar businesses
and owning similar properties in the same general areas in which the Company or such Subsidiary operates and to the extent consistent
with prudent business practice.

 

Section 5.10  
Subsidiary Debt. The Company will not permit any Consolidated Subsidiary to create, incur, assume or suffer to exist any
Debt, except:

 

(a)  
Debt under the Loan Documents;

 

(b)  
Debt under the Mortgage;

 

(c)  
Debt owed by such Subsidiary to any other Consolidated Subsidiary or to the Company;

 

(d)  
Debt of (i) any Consolidated Subsidiary existing as of the Restatement Date (other than Debt described in clause (a) above) and
any renewal and refinancing (including, without limitation, by Debt incurred by one or more other Subsidiaries) thereof, provided
that the principal amount thereof is not increased;

 

(e)  
Debt incurred in connection with catastrophe bond underwriting by GC Securities, a division of MMC Securities Corp., that is outstanding
for less than seven days; and

 

(f)  
other Debt in an aggregate amount for all Consolidated Subsidiaries not to exceed at any time outstanding the greater of (i) US$1,250,000,000
and (ii) 10% of the Consolidated Net Worth of the Company and its Consolidated Subsidiaries as set forth in the Company’s most
recent financial statements delivered pursuant to Section 5.1(a) or (b).

 

Article
6

DEFAULTS

 

Section 6.1  
Events of Default. If one or more of the following events (“Events of Default”) shall have occurred
and be continuing:

 

(a)  
any Borrower shall fail to pay (x) any principal of any Advance when due or (y) within five days of the date when due any interest,
any fees or any other amount payable hereunder;

 

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(b)  
the Company shall fail to observe or perform any covenant contained in Sections 5.4 through 5.7, inclusive, and 5.10;

 

(c)  
the Company shall fail to observe or perform any covenant or agreement contained in this Agreement (other than those covered by
clause (a) or (b) above) for 10 days (or, in the case of Section 5.1(a), 5.1(b) or 5.1(c), 30 days) after written notice thereof has
been given to the Company by the Administrative Agent or any Lender (through the Administrative Agent);

 

(d)  
any representation, warranty, certification or statement made (or deemed made) by the Company in this Agreement or in any certificate,
financial statement or other document delivered pursuant to Section 5.1 of this Agreement shall prove to have been incorrect in any material
respect when made (or deemed made);

 

(e)  
either the Company or any Subsidiary thereof shall fail to make any payment in respect of any Material Financial Obligations when
due or within any applicable grace period;

 

(f)  
any event or condition shall occur which results in the acceleration of the maturity of any Material Financial Obligations or
enables (or, with the giving of notice, would enable) the holder of such Debt or any Person acting on such holder’s behalf to accelerate
the maturity thereof (after giving effect to any applicable grace period);

 

(g)  
the Company or any Subsidiary holding, as of the date of the most recent audited financial statements of the Company and its Consolidated
Subsidiaries delivered pursuant to this Agreement, assets having a book value in excess of US$100,000,000, shall commence a voluntary
case or other proceeding seeking liquidation, reorganization or other relief with respect to itself or its debts under any bankruptcy,
insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or
other similar official of it or any substantial part of its property, or shall consent to any such relief or to the appointment of or
taking possession by any such official in an involuntary case or other proceeding commenced against it, or shall make a general assignment
for the benefit of creditors, or shall fail generally to pay its debts as they become due, or shall take any corporate action to authorize
any of the foregoing;

 

(h)  
an involuntary case or other proceeding shall be commenced against the Company or any Subsidiary holding, as of the date of the
most recent audited financial statements of the Company and its Consolidated Subsidiaries delivered pursuant to this Agreement, assets
having a book value in excess of US$100,000,000 seeking liquidation, reorganization or other relief with respect to it or its debts under
any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator,
custodian or other similar official of it or any substantial part of its property, and such involuntary case or other proceeding shall
remain undismissed and unstayed for a period of 60 days; or an order for relief shall be entered against the Company or any Subsidiary
holding, as of the date of the most recent audited financial

 

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statements
of the Company and its Consolidated Subsidiaries delivered pursuant to this Agreement, assets having a book value in excess of US$100,000,000
under the federal bankruptcy laws as now or hereafter in effect;

 

(i)  
any member of the ERISA Group shall fail to pay when due an amount or amounts aggregating in excess of US$150,000,000 which it
shall have become liable to pay under Title IV of ERISA; or notice of intent to terminate a Material Plan shall be filed under Title
IV of ERISA by any member of the ERISA Group, any plan administrator or any combination of the foregoing; or the PBGC shall institute
proceedings under Title IV of ERISA to terminate, to impose liability (other than for premiums under Section 4007 of ERISA) in respect
of, or to cause a trustee to be appointed to administer, any Material Plan; or a condition shall exist by reason of which it could reasonably
be expected that the PBGC would be entitled to obtain a decree adjudicating that any Material Plan must be terminated; or there shall
occur a complete or partial withdrawal from, or a default, within the meaning of Section 4219(c)(5) of ERISA, with respect to, one or
more Multiemployer Plans which could reasonably be expected to cause one or more members of the ERISA Group to incur a current payment
obligation in excess of US$150,000,000;

 

(j)  
judgments or orders for the payment of money in excess of US$150,000,000 shall be rendered against the Company or any Subsidiary
thereof and such judgments or orders shall continue unsatisfied and unstayed for a period of 30 days; excluding, however, the amount
of any such judgment or order to the extent that (i) such amount is covered by a valid and binding policy of insurance between the defendant
and the insurer covering payment thereof, (ii) such insurer is rated at least “A” by A.M. Best Company and (iii) such insurer
has been notified of, and has not disputed the claim made for payment of, such amount; or

 

(k)  
any person or group of persons (within the meaning of Section 13 or 14 of the Securities Exchange Act of 1934, as amended) other
than the Company, any trustee or other fiduciary holding securities under an employee benefit plan of the Company or any corporation
owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their ownership of stock in
the Company, shall have acquired beneficial ownership (within the meaning of Rule 13d-3 promulgated by the Securities and Exchange Commission
under said Act) of 50% or more of the combined voting power of the Company’s then outstanding equity securities; or, during any
period of 24 consecutive calendar months, individuals who were directors of the Company on the first day of such period and any new director
whose election by the board of directors of the Company or nomination for election by the Company’s stockholders was approved by
a vote of at least two-thirds of the directors then still in office who either were directors at the beginning of such period or whose
election or nomination for election was previously so approved, shall cease to constitute a majority of the board of directors of the
Company; or

 

(l)  
any provision of any Guaranty or any other Loan Document after delivery thereof pursuant to this Agreement shall for any reason
cease to be valid and

 

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binding
on or enforceable against Borrower party to it, or any such Borrower shall so state in writing;

 

then, and in every such event, the Administrative
Agent shall (i) if requested by Lenders having more than 50% in aggregate amount of the Revolving Credit Commitments, by notice to the
Borrowers terminate the Commitments and they shall thereupon terminate (other than the obligations of the Issuing Banks and the Revolving
Credit Lenders to make Revolving Credit Advances pursuant to Section 2.4(c) and of Revolving Credit Lenders to fund their participations
in Swing Line Borrowings pursuant to Section 2.2(a)(v)), and (ii) if requested by Lenders holding more than 50% of the aggregate principal
amount of the Advances, by notice to the Borrowers declare the Advances (together with accrued interest thereon) and all other amounts
payable by the Borrowers hereunder and under any Notes (including, without limitation, any amounts payable under Section 2.18) to be,
and the Advances, such interest and such other amounts shall thereupon become, immediately due and payable without presentment, demand,
protest or other notice of any kind, all of which are hereby expressly waived by the Borrowers; provided that in the case of any
of the Events of Default specified in clause (g) or (h) above with respect to any Borrower, without any notice to any Borrower or any
other act by the Administrative Agent or the Lenders, the Commitments shall thereupon terminate and the Advances (together with accrued
interest thereon) and all other amounts payable by the Borrowers hereunder and under any Notes (including, without limitation, any amounts
payable under Section 2.13) shall become immediately due and payable without presentment, demand, protest or other notice of any kind,
all of which are hereby waived by the Borrowers.

 

Section 6.2  
Actions in Respect of the Letters of Credit upon Default. If any Event of Default shall have occurred and be continuing,
the Administrative 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 6.1 or otherwise, make demand upon the Borrowers to, and forthwith upon such demand each Borrower
will, (a) pay to the Administrative Agent on behalf of the Lenders in same day funds at the Administrative 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
issued for the account or at the request of such Borrower then outstanding or (b) make such other arrangements in respect of the outstanding
Letters of Credit issued for the account or at the request of such Borrower as shall be acceptable to the Required Lenders and not more
disadvantageous to the Borrowers than clause (a); provided, however, that in the case of any of the Events of Default specified in clause
(g) or (h) above with respect to any Borrower, an amount equal to the aggregate Available Amount of all outstanding Letters of Credit
issued for the account or at the request of such Borrower shall be immediately due and payable to the Administrative Agent for the account
of the Lenders without notice to or demand upon the Borrowers, 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 Administrative 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 Administrative 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 applicable Borrowers will, forthwith
upon demand by the Administrative Agent, pay to the Administrative Agent, as additional funds to be deposited and held in the L/C Cash

 

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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 Administrative 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 applicable Borrowers 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 such Borrowers.

 

Article
7

THE ADMINISTRATIVE AGENT

 

Section 7.1  
Authorization and Authority. Each Lender irrevocably appoints and authorizes Citibank to act on its behalf as the Administrative
Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to
exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers
as are reasonably incidental thereto. Except for Section 7.6, (i) the provisions of this Article are solely for the benefit of the Administrative
Agent and the Lenders and (ii) 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 in any other Loan Document (or any other similar term) with reference
to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine
of any applicable law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative
relationship between contracting parties.

 

Section 7.2  
Rights as a Lender. The Person serving as the Administrative Agent hereunder shall have the same rights and powers in its
capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent and the term “Lender”
or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving
as the Administrative 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 any Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without
any duty to account therefor to the Lenders.

 

Section 7.3  
Duties of Administrative Agent; Exculpatory Provisions.

 

(a) The Administrative
Agent’s duties hereunder and under the other Loan Documents are solely ministerial and administrative in nature and the Administrative
Agent shall not have any duties or obligations except those expressly set forth herein or as may exist at law. Without limiting the generality
of the foregoing, the Administrative Agent:

 

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(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 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, 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 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 the Borrower or any of its Affiliates that is communicated to or obtained by the Person
serving as the Administrative Agent or any of its Affiliates in any capacity.

 

(b)  The
Administrative 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 Administrative Agent shall reasonably believe
in good faith shall be necessary, under the circumstances as provided in Sections 10.5 or 6.1) or (ii) in the absence of its
own gross negligence or willful misconduct. The Administrative Agent shall be deemed not to have knowledge of any Default or the event
or events that give or may give rise to any Default unless and until a Borrower or any Lender shall have given notice to the Administrative
Agent describing such Default and such event or events.

 

(c)  The
Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty, representation
or other information made or supplied 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 or the adequacy, accuracy
and/or completeness of the information contained therein, (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 perfection or priority
of any Lien or security interest created or purported to be created hereby or (v) the satisfaction of any condition set forth in
Article 3 or elsewhere herein, other than (but subject to the foregoing clause (ii)) to confirm receipt of items expressly required
to be delivered to the Administrative Agent.

 

(d)  Nothing
in this Agreement or any other Loan Document shall require the Administrative Agent or any of its Related Parties to carry out any “know
your customer” or

 

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other checks in relation
to any person on behalf of any Lender and each Lender confirms to the Administrative Agent that it is solely responsible for any such
checks it is required to carry out and that it may not rely on any statement in relation to such checks made by the Administrative Agent
or any of its Related Parties.

 

Section 7.4  
Reliance by Administrative Agent.

 

The Administrative
Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent,
statement, instrument, document or other writing (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 Administrative
Agent also may rely upon any statement made to it orally or by telephone and 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 of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender, the Administrative Agent
may presume that such condition is satisfactory to such Lender unless an officer of the Administrative Agent responsible for the transactions
contemplated hereby shall have received notice to the contrary from such Lender prior to the making of such Advance or the issuance of
such Letter of Credit, and in the case of a Borrowing, such Lender shall not have made available to the Administrative Agent such Lender’s
ratable portion of such Borrowing. The Administrative Agent may consult with legal counsel (who may be counsel for the Borrowers), 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 7.5  
Delegation of Duties.

 

The Administrative
Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Loan Document by or through
any one or more sub-agents (including, without limitation, the Australian Sub-Agent) appointed by the Administrative Agent. The Administrative
Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective
Related Parties. Each such sub-agent and the Related Parties of the Administrative Agent and each such sub-agent shall be entitled to
the benefits of all provisions of this Article 7, Article 2, Section 8.4(b), Section 10.3 and 10.17 (as though such sub-agents were the
“Administrative Agent” under the Loan Documents) as if set forth in full herein with respect thereto.

 

Section 7.6  
Resignation of Administrative Agent.

 

(a) The Administrative
Agent may at any time give notice of its resignation to the Lenders and the Company. Upon receipt of any such notice of resignation,
the Required Lenders shall have the right to appoint a successor Administrative Agent, subject, so long as no Event of Default shall
be continuing, to the approval of such successor Administrative Agent by 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 Administrative Agent gives notice
of its resignation (such 30-day period, the “Lender Appointment Period”), then the

 

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retiring Administrative
Agent may on behalf of the Lenders, appoint a successor Administrative Agent, which shall be a commercial bank organized or licensed
under the laws of the United States of America or of any State thereof and having a combined capital and surplus of at least US$100,000,000
and which is reasonably acceptable to the Company. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder,
such successor shall succeed to and become vested with all of the rights, powers, privileges and duties as Administrative Agent of the
retiring (or retired) Administrative Agent, and the retiring Administrative Agent shall be discharged from all of its duties and obligations
as Administrative Agent hereunder or under the other Loan Documents. The fees payable by the Company to a successor Administrative Agent
shall be the same as those payable to its predecessor unless otherwise agreed between the Company and such successor. After the retiring
Administrative Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article and Section 10.3
shall continue in effect for the benefit of such retiring Administrative Agent, its sub-agents and their respective Related Parties in
respect of any actions taken or omitted to be taken by any of them while the retiring Agent was acting as Administrative Agent.

 

(b)  Any
resignation pursuant to this Section by a Person acting as Administrative Agent shall, unless such Person shall notify the Company and
the Lenders otherwise, also act to relieve such Person and its Affiliates of any obligation to issue new, or extend existing, Letters
of Credit or advance any Swing Line Advance where such issuance, extension or advance is to occur on or after acceptance of a successor’s
appointment as Administrative Agent hereunder. Upon such acceptance, (i) such successor shall succeed to and become vested with all of
the rights, powers, privileges and duties of the retiring Issuing Bank and the retiring Swing Line Bank, (ii) the retiring Issuing Bank
and retiring Swing Line Bank shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents,
(iii) the successor Swing Line Bank shall enter into an Assignment and Assumption and acquire from the retiring Swing Line Bank each
outstanding Swing Line Advance made by the retiring Swing Line Bank for a purchase price equal to par plus accrued interest and (iv)
the successor Issuing Bank shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of
such succession or make other arrangement satisfactory to the retiring Issuing Bank to effectively assume the obligations of the retiring
Issuing Bank with respect to such Letters of Credit.

 

Section 7.7  
Non-Reliance on Agent and Other Lenders.

 

(a) Each Lender
confirms to the Administrative Agent, each other Lender and each of their respective Related Parties that it (i) possesses (individually
or through its Related Parties) such knowledge and experience in financial and business matters that it is capable, without reliance
on the Administrative Agent, any other Lender or any of their respective Related Parties, of evaluating the merits and risks (including
tax, legal, regulatory, credit, accounting and other financial matters) of (x) entering into this Agreement, (y) making Advances and
other extensions of credit hereunder and under the other Loan Documents and (z) in taking or not taking actions hereunder and thereunder,
(ii) is financially able to bear such risks and (iii) has determined that entering into this Agreement and making Advances and other
extensions of credit hereunder and under the other Loan Documents is suitable and appropriate for it.

 

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(b)  Each
Lender acknowledges that (i) it is solely responsible for making its own independent appraisal and investigation of all risks arising
under or in connection with this Agreement and the other Loan Documents, (ii) that it has, independently and without reliance upon the
Administrative Agent, any other Lender or any of their respective Related Parties, made its own appraisal and investigation of all risks
associated with, and its own credit analysis and decision to enter into, this Agreement based on such documents and information, as it
has deemed appropriate and (iii) it will, independently and without reliance upon the Administrative Agent, any other Lender or any of
their respective Related Parties, continue to be solely responsible for making its own appraisal and investigation of all risks arising
under or in connection with, and its own credit analysis and decision to take or not take action under, this Agreement and the other
Loan Documents based on such documents and information as it shall from time to time deem appropriate, which may include, in each case:

 

(i)  the
financial condition, status and capitalization of each Borrower;

 

(ii)  the
legality, validity, effectiveness, adequacy or enforceability of this Agreement and each other Loan Document and any other agreement,
arrangement or document entered into, made or executed in anticipation of, under or in connection with any Loan Document;

 

(iii)  determining
compliance or non-compliance with any condition hereunder to the making of an Advance, or the issuance of a Letter of Credit and the
form and substance of all evidence delivered in connection with establishing the satisfaction of each such condition; or

 

(iv)  the
adequacy, accuracy and/or completeness of any information delivered by the Administrative Agent, any other Lender or by any of their
respective Related Parties under or in connection with this Agreement or any other Loan Document, the transactions contemplated hereby
and thereby or any other agreement, arrangement or document entered into, made or executed in anticipation of, under or in connection
with any Loan Document.

 

Section 7.8  
Indemnification. Each Lender shall, ratably in accordance with its Commitment (and, after the Commitments have been terminated,
ratably in accordance with the aggregate principal amount of the Advances held by such Lender), indemnify the Administrative Agent, its
affiliates and their respective directors, officers, agents and employees (to the extent not reimbursed by the Company) against any cost,
expense (including reasonable counsel fees and disbursements), claim, demand, action, judgment, suit, loss or liability (except such
as result from such indemnitee’s gross negligence or willful misconduct) that such indemnitees may suffer or incur in connection
with this Agreement or any action taken or omitted by such indemnitees hereunder.

 

Section 7.9  
Administrative Agent’s Fee. The Company shall pay to the Administrative Agent for its own account fees in the amounts
and at the times previously agreed upon between the Company and the Administrative Agent. Such fees once paid shall be non-refundable.

 

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Section 7.10  
No Other Duties, etc. None of the Persons acting as Bookrunners, Lead Arrangers, Syndication Agents or Documentation Agent
listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents,
except in its capacity, as applicable, as the Administrative Agent or as a Lender hereunder.

 

Section 7.11  
Certain ERISA Matters. (a) Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto,
to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto,
for the benefit of, the Administrative Agent and not, for the avoidance of doubt, to or for the benefit of any Borrower, that at least
one of the following is and will be true:

 

(ii)  
such Lender is not using “plan assets” (within the meaning of Section 3(42) of ERISA or otherwise) of one or more
Benefit Plans in connection with the Advances, the Letters of Credit or the Commitments,

 

(iii)  
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,

 

(iv)  
 (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

 

(v)  
such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion,
and such Lender.

 

(b)  In
addition, unless either (1) sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or (2) a Lender has
provided another representation, warranty and covenant in accordance with sub-clause (iv) in the immediately preceding clause (a), such
Lender further (x) represents and warrants, as of the date such Person became a Lender party

 

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hereto, to, and (y)
covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the
benefit of, the Administrative Agent and not, for the avoidance of doubt, to or for the benefit of any Borrower, that the Administrative
Agent is not a fiduciary with respect to the assets of such Lender involved in the Advances, the Letters of Credit, the Commitments and
this Agreement (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement,
any Loan Document or any documents related to hereto or thereto).

 

As used in this
Section:

 

“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 and subject to Section 4975 of the Internal Revenue 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 Internal Revenue Code) the
assets of any such “employee benefit plan” or “plan”.

 

“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.

 

Section 7.12  
Recovery of Erroneous Payments. (a) If the Administrative Agent notifies a Lender or Issuing Bank, or any Person who has
received funds on behalf of a Lender or Issuing Bank (any such Lender, Issuing Bank or other recipient, a “Payment Recipient”)
that the Administrative Agent has determined in its sole discretion (whether or not after receipt of any notice under immediately
succeeding clause (b)) that any funds received by such Payment Recipient from the Administrative Agent or any of its Affiliates
were erroneously transmitted to, or otherwise erroneously or mistakenly received by, such Payment Recipient (whether or not known to
such Lender, Issuing Bank or other Payment Recipient on its behalf) (any such funds, whether received as a payment, prepayment or repayment
of principal, interest, fees, distribution or otherwise, individually and collectively, an “Erroneous Payment”) and
demands the return of such Erroneous Payment (or a portion thereof), such Erroneous Payment shall at all times remain the property of
the Administrative Agent and shall be segregated by the Payment Recipient and held in trust for the benefit of the Administrative Agent,
and such Lender or Issuing Bank shall (or, with respect to any Payment Recipient who received such funds on its behalf, shall cause such
Payment Recipient to) promptly, but in no event later than two Business Days thereafter, return to the Administrative Agent the amount
of any such Erroneous Payment (or portion thereof) as to which such a demand was made, in same day funds (in the currency so received),
together with interest thereon in respect of each day from and including the date such Erroneous Payment (or portion thereof) was received
by such Payment Recipient to the date such amount is repaid to the Administrative Agent in same day funds at the greater of (x) the Federal
Funds Rate in the case of Advances denominated in US Dollars or (ii) the cost of funds incurred by the Administrative Agent in respect
of such amount in the case of Advances denominated in Foreign Currencies and (y) a rate determined by the Administrative Agent in accordance
with banking industry rules on interbank compensation from time to time in effect. A notice of the Administrative Agent to any Payment
Recipient under this clause (a) shall be conclusive, absent manifest error.

 

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

 

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

 

		(ii)	such Lender
                                            or Issuing Bank shall (and shall cause any other recipient that receives funds on its respective
                                            behalf to) promptly (and, in all events, within one Business Day of its knowledge of such
                                            error) notify the Administrative Agent of its receipt of such payment, prepayment or repayment,
                                            the details thereof (in reasonable detail) and that it is so notifying the Administrative
                                            Agent pursuant to this Section 7.12(b).

 

(c)  Each
Lender and Issuing Bank hereby authorizes the Administrative Agent to set off, net and apply any and all amounts at any time owing to
such Lender or Issuing Bank under any Loan Document, or otherwise payable or distributable by the Administrative Agent to such Lender
or Issuing Bank from any source, against any amount due to the Administrative 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 Administrative Agent for any reason, after demand therefor
by the Administrative Agent in accordance with immediately preceding clause (a), from any Lender or Issuing Bank that has received
such Erroneous Payment (or portion thereof) (and/or from any Payment Recipient who received such Erroneous Payment (or portion thereof)
on its respective behalf) (such unrecovered amount, an “Erroneous Payment Return Deficiency”), upon the Administrative
Agent’s notice to such Lender or Issuing Lender at any time, (i) such Lender or Issuing Bank shall be deemed to have assigned its
Advances (but not its Commitments) of the relevant Facility with respect to which such Erroneous Payment was made (the “Erroneous
Payment Impacted Facility”) in an amount equal to the Erroneous Payment Return Deficiency (or such lesser amount as the Administrative
Agent may specify) (such assignment of the Advances (but not Commitments) of the Erroneous Payment Impacted Facility, the “Erroneous
Payment 

 

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Deficiency Assignment”)
at par plus any accrued and unpaid interest (with the assignment fee to be waived by the Administrative Agent in such instance), and
is hereby (together with the Borrowers) 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 the Platform as to which the Administrative Agent and such
parties are participants) with respect to such Erroneous Payment Deficiency Assignment, and such Lender or Issuing Bank shall deliver
any Notes evidencing such Advances to the applicable Borrower or the Administrative Agent, (ii) the Administrative Agent as the assignee
Lender shall be deemed to acquire the Erroneous Payment Deficiency Assignment, (iii) upon such deemed acquisition, the Administrative
Agent as the assignee Lender shall become a Lender or Issuing Bank, as applicable, hereunder with respect to such Erroneous Payment Deficiency
Assignment and the assigning Lender or assigning Issuing Bank shall cease to be a Lender or Issuing Bank, as applicable, hereunder with
respect to such Erroneous Payment Deficiency Assignment, excluding, for the avoidance of doubt, its obligations under the indemnification
provisions of this Agreement and its applicable Commitments which shall survive as to such assigning Lender or assigning Issuing Bank
and (iv) the Administrative Agent may reflect in the Register its ownership interest in the Advances subject to the Erroneous Payment
Deficiency Assignment. The Administrative 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 Administrative Agent shall retain
all other rights, remedies and claims against such Lender or Issuing Bank (and/or against any recipient that receives funds on its respective
behalf). For the avoidance of doubt, no Erroneous Payment Deficiency Assignment will reduce the Commitments of any Lender or Issuing
Bank and such Commitments shall remain available in accordance with the terms of this Agreement. In addition, each party hereto agrees
that, except to the extent that the Administrative Agent has sold an Advance (or portion thereof) acquired pursuant to an Erroneous Payment
Deficiency Assignment, and irrespective of whether the Administrative Agent may be equitably subrogated, the Administrative Agent shall
be contractually subrogated to all the rights and interests of the applicable Lender or Issuing Bank under the Loan Documents with respect
to each Erroneous Payment Return Deficiency.

 

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

 

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

 

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(g)  Each
party’s obligations, agreements and waivers under this Section 7.12 shall survive the resignation or replacement of the Administrative
Agent, any transfer of rights or obligations by, or the replacement of, a Lender or Issuing Bank, the termination of the Commitments
and/or the repayment, satisfaction or discharge of all obligations of the Borrowers (or any portion thereof) under any Loan Document.

 

Article
8

CHANGE IN CIRCUMSTANCES

 

Section 8.1  
Basis for Determining Interest Rate Inadequate or Unfair. If on or prior to the first day of any Interest Period for any
Eurocurrency Rate Advance:

 

(a)  
the Administrative Agent determines, which determination shall be conclusive, that quotations of interest rates for the relevant
deposits referred to in the definition of “Eurocurrency Rate” are not being provided in the relevant amounts; or

 

(b)  
in the case of a Borrowing, Lenders having 50% or more of the aggregate amount of the Commitments under a Facility advise the
Administrative Agent that the Eurocurrency Rate as determined by the Administrative Agent will not adequately and fairly reflect the
cost to such Lenders of funding their Eurocurrency Rate Advances for such Interest Period,

 

the Administrative Agent shall forthwith
give notice thereof to the Borrowers and the Lenders, whereupon (A) the Borrower of such Eurocurrency Rate Advances will, on the last
day of the then existing Interest Period therefor, (1) if such Eurocurrency Rate Advances are denominated in US Dollars, either (x) prepay
such Advances or (y) Convert such Advances into Base Rate Advances and (2) if such Eurocurrency Rate Advances are denominated in any
Committed Currency, either (x) prepay such Advances or (y) exchange such Advances into an Equivalent amount of US Dollars and Convert
such Advances into Base Rate Advances and (B) the obligation of the Lenders to make, or to Convert Advances into, Eurocurrency Rate Advances
shall be suspended until the Administrative Agent shall notify the Borrowers and the Lenders that the circumstances causing such suspension
no longer exist; provided that, if the circumstances set forth in clause (b) above are applicable, the applicable Borrower may
elect, by notice to the Administrative Agent and the Lenders, to continue such Advances in such Committed Currency for Interest Periods
of one month, which Advances shall thereafter bear interest at a rate per annum equal to the Eurocurrency Margin plus, for each Lender,
the cost to such Lender (expressed as a rate per annum) of funding its Eurocurrency Rate Advances by whatever means it reasonably determines
to be appropriate. Each Lender shall certify its cost of funds for each Interest Period to the Administrative Agent and such Borrower
as soon as practicable (but in any event not later than ten Business Days after the first day of such Interest Period).

 

Section 8.2  
Illegality. If, after the date of this Agreement, the adoption of any applicable law, rule or regulation, or any change
in any applicable law, rule or regulation, or any change in the interpretation or administration thereof by any governmental authority,
central

 

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bank or comparable
agency charged with the interpretation or administration thereof, or compliance by any Lender (or its Eurocurrency Lending Office) with
any request or directive (whether or not having the force of law) of any such authority, central bank or comparable agency, shall make
it unlawful or impossible for any Lender (or its Eurocurrency Lending Office) to make, maintain, fund or Convert into Eurocurrency Rate
Advances and such Lender shall so notify the Administrative Agent, the Administrative Agent shall forthwith give notice thereof to the
other Lenders and the Borrowers, whereupon until such Lender notifies the Borrowers and the Administrative Agent that the circumstances
giving rise to such suspension no longer exist, the obligation of such Lender to make or Convert into Eurocurrency Rate Advances shall
be suspended. Before giving any notice to the Administrative Agent pursuant to this Section 8.2, such Lender shall designate a different
Eurocurrency Lending Office if such designation will avoid the need for giving such notice and will not, in the judgment of such Lender,
be otherwise disadvantageous to such Lender. If such Lender shall determine that it may not lawfully continue to maintain and fund any
of its outstanding Eurocurrency Rate Advances to maturity and shall so specify in such notice, the Borrowers shall immediately Convert
the then outstanding principal amount of each such Eurocurrency Rate Advance of such Lender into a Base Rate Advance from such Lender
in an equal principal amount (on which Advance interest and principal shall be payable contemporaneously with the related Eurocurrency
Rate Advances of the other Lenders).

 

Section 8.3  
Increased Cost and Reduced Return. (a) If after the Restatement Date, in the case of any Advance, any obligation to make
or Convert Advances or any Letter of Credit, the adoption of any applicable law, rule or regulation, or any change in any applicable
law, rule or regulation, or any change in the interpretation or administration thereof by any governmental authority, central bank or
comparable agency charged with the interpretation or administration thereof, or compliance by any Lender (or its Applicable Lending Office)
with any request or directive (whether or not having the force of law) of any such authority, central bank or comparable agency, shall
impose, modify or deem applicable any reserve (including, without limitation, any such requirement imposed by the Board of Governors
of the Federal Reserve System), special deposit, insurance assessment or similar requirement against assets of, deposits with or for
the account of, or credit extended by, any Lender (or its Applicable Lending Office) and the result of any of the foregoing is to increase
the cost to such Lender (or its Applicable Lending Office) of making, maintaining or Converting into any Advance, or to reduce the amount
of any sum received or receivable by such Lender (or its Applicable Lending Office) under this Agreement (other than an increase in cost
or reduction in amount attributable to taxes, which shall solely be governed by Section 8.4), by an amount deemed by such Lender to be
material, then, within 15 days after demand by such Lender (with a copy to the Administrative Agent), each Borrower agrees to pay to
such Lender such additional amount or amounts as will compensate such Lender for such increased cost or reduction which arise out of
its Advances or any Notes.

 

(b)  
If any Lender shall have determined that, after the Restatement Date, the adoption of any applicable law, rule or regulation regarding
capital adequacy or liquidity, or any change in any such law, rule or regulation, or any change in the interpretation or administration
thereof by any governmental authority, central bank or

 

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comparable
agency charged with the interpretation or administration thereof, or any request or directive regarding capital adequacy or liquidity
(whether or not having the force of law) of any such authority, central bank or comparable agency, has or would have the effect of reducing
the rate of return on capital of such Lender (or its Parent) as a consequence of such Lender’s obligations hereunder (including
its obligations in respect of participations in Letters of Credit) to a level below that which such Lender (or its Parent) could have
achieved but for such adoption, change, request or directive (taking into consideration its policies with respect to capital adequacy
or liquidity) by an amount deemed by such Lender to be material, then from time to time, within 15 days after demand by such Lender (with
a copy to the Administrative Agent), each Borrower agrees to pay to such Lender such additional amount or amounts as will compensate
such Lender (or its Parent) for the portion of such reduction attributable to its Advances or any Notes.

 

(c)  
Each Lender will promptly notify the Borrowers and the Administrative Agent of any event of which it has knowledge, occurring
after the Restatement Date, which will entitle such Lender to compensation pursuant to this Section 8.3 and will designate a different
Applicable Lending Office if such designation will avoid the need for, or reduce the amount of, such compensation and will not, in the
judgment of such Lender, be otherwise disadvantageous to such Lender. A certificate of any Lender claiming compensation under this Section
8.3 and setting forth the additional amount or amounts to be paid to it hereunder shall be conclusive in the absence of manifest error.
In determining such amount, such Lender may use any reasonable averaging and attribution methods.

 

(d)  
For the avoidance of doubt and notwithstanding anything herein to the contrary, for the purposes of this Section 8.3, (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
case for this clause (y) 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 8.4  
Taxes. (a) Any and all payments by each Borrower to or for account of any Lender or the Administrative Agent hereunder
or under any Note shall be made without deduction for any Taxes or Other Taxes; provided that, if such Borrower shall be required
by law to deduct any Taxes or Other Taxes from any such payments, (i) the sum payable shall be increased as necessary so that after making
all required deductions (including deductions applicable to additional sums payable under this Section 8.4) such Lender or the Administrative
Agent (as the case may be) receives an amount equal to the sum it would have received had no such deductions been made, (ii) such Borrower,
shall make such deductions, (iii) such Borrower

 

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shall pay the full
amount deducted to the relevant taxation authority or other authority in accordance with applicable law and (iv) such Borrower shall
furnish to the Administrative Agent, at its address referred to in Section 10.1, the original or a certified copy of a receipt evidencing
payment thereof or, if such a receipt is not usually available, any other document evidencing payment thereof that is reasonably acceptable
to the Administrative Agent.

 

(b)  
Each Borrower agrees to indemnify each Lender and the Administrative Agent for the full amount of Taxes and Other Taxes (including,
without limitation, any Taxes or Other Taxes imposed or asserted by any jurisdiction on amounts payable under this Section 8.4) paid
by such Lender or the Administrative Agent (as the case may be) and any liability (including penalties, interest and expenses) arising
therefrom or with respect thereto; provided that the foregoing indemnity shall not apply to any Taxes or Other Taxes which would
have been compensated for by an increased payment under Section 8.4(a) but was not so compensated solely because one or more of the exclusions
in Section 8.4(f) applied. This indemnification shall be paid within 15 days after such Lender or the Administrative Agent (as the case
may be) makes demand therefor.

 

(c)  
(i) 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 Lender listed on the signature pages hereof and on or prior to the date on which it
becomes a Lender in the case of each other Lender, and as required thereafter if requested in writing by the Company (but only so long
as such Lender remains lawfully able to do so), shall provide the Company with Internal Revenue Service Form W8-BEN or W8-IMY or W-ECI,
as appropriate, or any successor form prescribed by the Internal Revenue Service, certifying that such Lender is entitled to benefits
under an income tax treaty to which the United States is a party which exempts such Lender from United States withholding tax or reduces
the rate of withholding tax on payments of interest for the account of such Lender or certifying that the income receivable pursuant
to this Agreement is effectively connected with the conduct of a trade or business in the United States.

 

(ii)  If
a payment made to a Lender would be subject to United States 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.

 

(d)  
For any period with respect to which a Lender required to do so has failed to provide the Company with the appropriate form pursuant
to Section 8.4(c)

 

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(unless
such failure is due to a change in treaty, law or regulation occurring subsequent to the date on which such form originally was required
to be provided), such Lender shall not be entitled to indemnification under Section 8.4(a) or (b) with respect to Taxes imposed by the
United States; provided that if a Lender, which is otherwise exempt from or subject to a reduced rate of withholding tax, becomes
subject to Taxes because of its failure, if required, to deliver a form required hereunder, the Borrowers shall take such steps as such
Lender shall reasonably request to assist such Lender to recover such Taxes.

 

(e)  
If a Borrower is required to pay additional amounts to or for the account of any Lender pursuant to this Section 8.4, then such
Lender will change the jurisdiction of its Applicable Lending Office if, in the judgment of such Lender, such change (i) will eliminate
or reduce any such additional payment which may thereafter accrue and (ii) is not otherwise disadvantageous to such Lender.

 

(f)  
A payment by a UK Borrower shall not be increased under Section 8.4(a) above by reason of a UK Tax Deduction if, on the date on
which the payment falls due:

 

(i)  
the payment could have been made to the relevant Lender without a UK Tax Deduction if the Lender had been a UK Qualifying Lender,
but on that date that Lender is not or has ceased to be a UK Qualifying Lender other than as a result of any change after the date it
became a Lender under this Agreement in (or in the interpretation, administration, or application of) any law or UK Treaty or any published
practice or published concession of any relevant taxing authority; or

 

(ii)  
 the relevant Lender is a UK Qualifying Lender solely by virtue of paragraph (b) of the definition of “UK Qualifying Lender”
and (x) an officer of HM Revenue & Customs has given (and not revoked) a direction (a “Direction”) under
section 931 of the UK ITA which relates to the payment and that Lender has received from the UK Borrower making the payment or from the
Company a certified copy of that Direction and (y) the payment could have been made to the Lender without any UK Tax Deduction if that
Direction had not been made; or

 

(iii)  
the relevant Lender is a UK Qualifying Lender solely by virtue of paragraph (b) of the definition of “UK Qualifying Lender”
and (x) the relevant Lender has not given a UK Tax Confirmation to the Company and (y) the payment could have been made to the Lender
without any UK Tax Deduction if the Lender had given a UK Tax Confirmation to the Company, on the basis that the UK Tax Confirmation
would have enabled the Company and the relevant UK Borrower to have formed a reasonable belief that the payment was an “excepted
payment” for the purpose of section 930 of the UK ITA; or

 

(iv)  
the relevant Lender is a UK Treaty Lender and the UK Borrower making the payment is able to demonstrate that the payment could
have been made to the Lender

 

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without
the UK Tax Deduction had that Lender complied with its obligations under Section 8.4(g) below.

 

(g)  
Without limiting the effect of Sections 8.4(c) and (d) above:

 

(i)  
Subject to paragraph (ii) below, a UK Treaty Lender and a UK Borrower making a payment to which that UK Treaty Lender is entitled
shall co-operate in completing any procedural formalities necessary for the UK Borrower to obtain authorization to make that payment
without a UK Tax Deduction.

 

(ii)  
A UK Treaty Lender which (A) is a Lender on the date of this Agreement and that holds a passport under the HMRC DT Treaty Passport
scheme, and which wishes that scheme to apply to this Agreement, shall confirm its scheme reference number and its jurisdiction of tax
residence opposite its name in the UK Tax Schedule; or (B) is not a Lender on the date of this Agreement and that holds a passport under
the HMRC DT Treaty Passport scheme, and which wishes that scheme to apply to this Agreement, shall confirm its scheme reference number
and its jurisdiction of tax residence in the relevant Assignment and Assumption; and, having done so, that Lender shall be under no obligation
pursuant to paragraph (i) above.

 

(iii)  
If a UK Treaty Lender has confirmed its scheme reference number and its jurisdiction of tax residence in accordance with paragraph
(ii) above and (a) a UK Borrower making a payment to that Lender has not made a UK Borrower DTTP Filing in respect of that Lender; or
(b) a UK Borrower making a payment to that Lender has made a UK Borrower DTTP Filing but (1) that UK Borrower DTTP Filing has been rejected
by HM Revenue & Customs, or (2) HM Revenue & Customs have not given the UK Borrower authority to make payments to that Lender
without a UK Tax Deduction within 30 Business Days of the date of the UK Borrower DTTP Filing, and in each case, the UK Borrower has
notified that Lender in writing, that Lender and the UK Borrower shall co-operate in completing any additional procedural formalities
necessary for the UK Borrower to obtain authorization to make that payment without a UK Tax Deduction.

 

(iv)  
If a UK Treaty Lender has not confirmed its scheme reference number and jurisdiction of tax residence in accordance with paragraph
(ii) above, no UK Borrower shall make a UK Borrower DTTP Filing or file any other form relating to the HM Revenue & Customs DT Treaty
Passport scheme in respect of that Lender’s Loan(s) unless that Lender otherwise agrees.

 

(v)  
A UK Borrower shall, promptly on making a UK Borrower DTTP Filing, deliver a copy of that UK Borrower DTTP Filing to the Administrative
Agent for delivery to the relevant UK Treaty Lender.

 

(vi)  
A UK Non-Bank Lender which becomes a party to this Agreement on the date of this Agreement gives a UK Tax Confirmation by entering
into this Agreement. A UK Non-Bank Lender shall promptly notify the Company and the Administrative Agent if there is any change in the
position from that set out in the UK Tax Confirmation.

 

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(vii)  
Each Lender in respect of a UK Borrower which becomes a party to this Agreement after the date of this Agreement shall indicate
in the Assignment and Assumption which of the following categories it falls in: (A) not a UK Qualifying Lender; (B) a UK Qualifying Lender
(other than a UK Treaty Lender); or (C) a UK Treaty Lender. If a Lender fails to indicate its status in accordance with this paragraph
(vii) then such Lender shall be treated for the purposes of this Agreement (including by each UK Borrower) as if it is not a UK Qualifying
Lender until such time as it notifies the Administrative Agent which category applies (and the Administrative Agent, upon receipt of
such notification, shall inform the Company and each UK Borrower). For the avoidance of doubt, any such Assignment and Assumption shall
not be invalidated by any such failure of a Lender to comply with this paragraph (vii).

 

(viii)  
A UK Borrower shall, promptly on becoming aware that it must make a UK Tax Deduction (or that there is any change in the rate
or basis of a UK Tax Deduction) notify the Administrative Agent accordingly. Similarly, a Lender shall notify the Administrative Agent
on becoming so aware in respect of a payment payable to that Lender. If the Administrative Agent receives such notification from a Lender
it shall promptly notify the relevant UK Borrower.

 

(h)  
If any Lender determines, in its sole discretion, that it has actually and finally realized, by reason of a refund or credit of
any Taxes paid or reimbursed by a Borrower pursuant to Section 8.4(a) or (b) above in respect of payments under this Agreement, a current
monetary benefit that it would otherwise not have obtained, and that would result in the total payments under this Section 8.4 exceeding
the amount needed to make such Lender whole, such Lender shall pay to such Borrower, with reasonable promptness following the date on
which it actually realizes such benefit, an amount equal to the lesser of the amount of such benefit or the amount of such excess, in
each case net of all out-of-pocket expenses in securing such refund, deduction or credit, provided, however, that a Borrower
that received such refund from a Lender, upon the request of such Lender, agrees to repay to such Lender the amount paid over to such
Borrower if such Lender is required to repay such refund or credit to the relevant governmental taxing authority.

 

(i)  
Each Canadian Lender confirms to the Administrative Agent and the Canadian Borrowers that it is not a non-resident of Canada for
purposes of Part XIII of the Income Tax Act (Canada) in respect to any amount paid or credited to it pursuant to this Agreement and agrees
to notify the Administrative Agent and the Canadian Borrowers immediately in wiring should it become a non-resident of Canada for such
purposes.

 

(j)  
Each Australian Lender confirms to the Administrative Agent, the Australian Sub-Agent and the Australian Borrower that, for purposes
of Australian law in respect of Taxes, either (i) it is not a non-resident of Australia, (ii) it will make all Australian Advances through
an Australian permanent establishment, or (iii) it qualifies for an exemption from Australian withholding Taxes under a double tax convention
or agreement in respect to any amount paid or credited to it pursuant to this Agreement and

 

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agrees to
notify the Administrative Agent and the Australian Borrower immediately in writing in the event that it ceases to meet any of the foregoing
conditions.

 

Section 8.5  
Replacement of Lenders. If any Lender requests compensation under Section 8.3 or 8.4, or if any Borrower is required
to pay any additional amount to any Lender or any governmental authority for the account of any Lender pursuant to Section 8.4,
or if any Lender is a Defaulting Lender, then the Company may, at its sole expense and effort, upon notice to such Lender and the Administrative
Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in
Section 10.6), all its interests, rights and obligations under this Agreement to an assignee that shall assume such obligations
(which assignee may be another Lender, if a Lender accepts such assignment); provided that (i) the Company shall have received the prior
written consent of the Administrative Agent, each Issuing Bank and each Swing Line Bank, which consents shall not unreasonably be withheld,
and (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, from the assignee (to the extent of such outstanding principal and accrued
interest and fees) or the relevant Borrower (in the case of all other amounts). A Lender shall not be required to make any such assignment
and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Company to require
such assignment and delegation cease to apply.

 

Section 8.6  
VAT.

 

(a)  
All amounts expressed to be payable under any Loan Document by any party to the Administrative Agent, any Issuing Bank or any
Lender (each, for the purposes of this Section 8.6, a “Finance Party”) which (in whole or in part) constitute the
consideration for any supply for VAT purposes are deemed to be exclusive of any VAT which is chargeable on that supply, and accordingly,
subject to paragraph (b) below, if VAT is or becomes chargeable on any supply made by any Finance Party to any party under a Loan Document
and such Finance Party is required to account to the relevant tax authority for the VAT, that party must pay to such Finance Party (in
addition to and at the same time as paying any other consideration for such supply) an amount equal to the amount of the VAT (and such
Finance Party must promptly provide an appropriate VAT invoice to that party). If VAT is or becomes chargeable on any supply made by
any Finance Party (the “Supplier”) to any other Finance Party (the “Recipient”) under
a Loan Document, and any party other than the Recipient (the “Relevant Party”) is required by the terms of
any Loan Document to pay an amount equal to the consideration for that supply to the Supplier (rather than being required to reimburse
or indemnify the Recipient in respect of that consideration): (i) where the Supplier is the Person required to account to the relevant
tax authority for the VAT, the Relevant Party must also pay to the Supplier (at the same time as paying that amount) an additional amount
equal to the amount of the VAT (and the Recipient must promptly pay to the Relevant Party an amount equal to any credit or repayment
the Recipient receives from the relevant tax authority which the Recipient reasonably determines relates to the VAT chargeable on that
supply); and (ii) where the Recipient is the Person required to account to the relevant tax authority for the VAT, the Relevant Party
must promptly, following demand from the Recipient, pay to the Recipient an amount equal to the VAT

 

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chargeable on that
supply but only to the extent that the Recipient reasonably determines that it is not entitled to credit or repayment from the relevant
tax authority in respect of that VAT.

 

(b)  
Where a Loan Document requires any party to reimburse or indemnify a Finance Party for any cost or expense, that party shall reimburse
or indemnify (as the case may be) such Finance Party for the full amount of such cost or expense, including such part thereof as represents
VAT, save to the extent that such Finance Party reasonably determines that it is entitled to credit or repayment in respect of such VAT
from the relevant tax authority.

 

(c)  
In relation to any supply made by a Finance Party to any party under a Loan Document, if reasonably requested by such Finance
Party, that party must promptly provide such Finance Party with details of that party’s VAT registration and such other information
as is reasonably requested in connection with such Finance Party’s VAT reporting requirements in relation to such supply.

 

Any reference in
this Section 8.6 to any party shall, at any time when such party is treated as a member of a group for VAT purposes, include (where appropriate
and unless the context otherwise requires) a reference to the Person who is treated as making the supply or (as appropriate) receiving
the supply under the grouping rules (as provided for in Article 11 of the Council Directive 2006/112/EC (or as implemented by the relevant
member state of the European Union or any other similar provision in any jurisdiction which is not a member state of the European Union)).

 

Article
9

GUARANTY

 

Section 9.1  
The Guaranty. The Company hereby unconditionally guarantees the full and punctual payment (whether at stated maturity,
upon acceleration or otherwise) of each Guaranteed Obligation, as hereinafter defined, and agrees to pay all out-of-pocket expenses (including
reasonable counsel fees and expenses) incurred by the Administrative Agent or any Lender (together, and with their respective successors
and assigns, the “Beneficiaries”, and each individually, a “Beneficiary”) in enforcing
any rights under this Guaranty. Upon failure by any Subsidiary Borrower to pay punctually any Guaranteed Obligation, the Company shall
forthwith on demand pay the amount not so paid at the place and in the manner specified herein or in the instrument evidencing such Guaranteed
Obligation. “Guaranteed Obligations” means (i) all principal of and interest on all Advances made pursuant
to this Agreement (including, without limitation, any interest (“Post-Petition Interest”) which accrues (or
which would accrue but for such case, proceeding or action) after the commencement of any case, proceeding or other action relating to
the bankruptcy, insolvency or reorganization of such Borrower (whether or not such interest is allowed or allowable as a claim in any
such case, proceeding or other action) on all Advances made pursuant to the Credit Agreement), (ii) all other amounts payable by any
Borrower from time to time pursuant to this Agreement and the Notes (including any Post-Petition Interest with respect to such amounts),
and (iii) any renewals, refinancings or extensions of any of the foregoing (including Post-Petition Interest).

 

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Section 9.2  
Guaranty Unconditional. The Company guarantees that the Guaranteed Obligations will be paid strictly in accordance with
the terms of this Agreement and the Notes, if any, regardless of any law, regulation or order now or hereafter in effect in any jurisdiction
affecting any of such terms or the rights of any Lender with respect thereto. The obligations of the Company under this Guaranty shall
be unconditional, irrevocable and absolute and, without limiting the generality of the foregoing, shall not be released, discharged or
otherwise affected by, and the Company hereby irrevocably waives any defenses it may now have or hereafter acquire in any way relating
to, any or all of the following:

 

(a)  
any extension, renewal, settlement, compromise, waiver or release in respect of any obligation of any Subsidiary Borrower under
this Agreement, by operation of law or otherwise;

 

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

 

(c)  
any taking, exchange, release, impairment, non-perfection or invalidity or unenforceability of any direct or indirect security
for any obligation of any Subsidiary Borrower under the this Agreement or any taking, release, reduction of liability or amendment or
waiver of, consent to departure from, failure of any other Person to execute or deliver or invalidity or unenforceability of, any other
guaranty or surety for all or any of the Guaranteed Obligations;

 

(d)  
any change in the corporate existence, structure or ownership of any Subsidiary Borrower or any Subsidiary thereof, or any insolvency,
bankruptcy, reorganization or other similar proceeding affecting such Subsidiary Borrower or its assets or any resulting release or discharge
of any obligation of the Borrower contained in this Agreement;

 

(e)  
the existence of any claim, set-off or other rights which the Company may have at any time against any Subsidiary Borrower, any
Beneficiary or any other entity, whether in connection herewith or with any unrelated transactions, provided that nothing herein shall
prevent the assertion of any such claim by separate suit or compulsory counterclaim;

 

(f)  
any invalidity or unenforceability relating to or against any Subsidiary Borrower for any reason of this Agreement or any other
Loan Document to which it is a party or any provision of applicable law or regulation purporting to prohibit the payment by any Subsidiary
Borrower of principal or interest on any Advance made, or any other amount payable, pursuant to this Agreement or any other Loan Document
to which it is a party; or

 

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(g)  
any other act or omission to act or delay of any kind by any Subsidiary Borrower, any Beneficiary or any other Person or any other
circumstance whatsoever which might, but for the provisions of this paragraph, constitute a legal or equitable discharge of or defense
to the Company’s obligations hereunder.

 

The obligations
of the Company under or in respect of this Guaranty are independent of the Guaranteed Obligations or any other obligations of any Subsidiary
Borrower under or in respect of the Loan Documents, and a separate action or actions may be brought and pursued against the Company to
enforce this Guaranty, irrespective of whether any action is brought against any Subsidiary Borrower or whether any Subsidiary Borrower
is joined in any such action or actions.

 

Section 9.3  
Limit of Liability. The Company shall be liable under this Guaranty only for amounts aggregating up to the largest amount
that would not render its obligations hereunder subject to avoidance under Section 548 of the United States Bankruptcy Code or any comparable
provision of any other applicable law.

 

Section 9.4  
Discharge of Company’s Obligations; Reinstatement in Certain Circumstances. The Company’s obligations hereunder
shall remain in full force and effect until the later of the termination in full of the Commitments and the date on which all the Guaranteed
Obligations shall have been paid in full. If at any time any payment of any Guaranteed Obligation is rescinded or must be otherwise restored
or returned upon the insolvency, bankruptcy or reorganization of any Subsidiary Borrower or otherwise, the Company’s obligations
hereunder with respect to such payment shall be reinstated as though such payment had been due but not made at such time.

 

Section 9.5  
Waivers by the Company. (a) The Company irrevocably waives acceptance hereof, presentment, demand, protest, promptness,
diligence, acceleration and any notice not provided for herein, as well as any requirement that at any time any action be taken by any
Person against the Company, any Subsidiary Borrower or any other Person or against any direct or indirect security for any obligation
of any Subsidiary Borrower.

 

(b)  
The Company irrevocably waives any defense arising by reason of any claim or defense based upon an election of remedies by any
Beneficiary that in any manner impairs, reduces, releases or otherwise adversely affects the subrogation, reimbursement, exoneration,
contribution or indemnification rights of the Company or other rights of the Company to proceed against any Subsidiary Borrower, any
other guarantor or any other Person.

 

(c)  
The Company irrevocably waives any duty on the part of any Beneficiary to disclose to the Company any matter, fact or thing relating
to the business, condition (financial or otherwise), operations, performance, properties or prospects of any Subsidiary Borrower or any
of its Subsidiaries now or hereafter known by such Beneficiary.

 

Section 9.6  
Subrogation. Upon making full payment with respect to any obligation of any Subsidiary Borrower hereunder, the Company
shall be subrogated to the rights of the payee against such Borrower with respect to such obligation; provided that the Company shall
not

 

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enforce any payment
by way of subrogation so long as any Guaranteed Obligation remains unpaid. The Company also shall not enforce any right of reimbursement,
exoneration, contribution or indemnification it may have against any Subsidiary Borrower with respect to such obligation so long as any
Guaranteed Obligation remains unpaid.

 

Section 9.7  
Stay of Acceleration. If acceleration of the time for payment of any Guaranteed Obligation is stayed upon the insolvency,
bankruptcy or reorganization of any Subsidiary Borrower, all such Guaranteed Obligations otherwise subject to acceleration under the
terms of the Credit Agreement shall nonetheless be payable by the Company hereunder forthwith on demand by the Beneficiaries.

 

Article
10

MISCELLANEOUS

 

Section 10.1  
Notices(a). (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, the Administrative Agent or the Australian Sub-Agent, at its address or facsimile number set forth on the signature
pages hereof;

 

(ii)  if
any Issuing Bank or any Swing Line Bank, to it at the address provided in writing to the Administrative Agent and the Borrowers;

 

(iii)  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
Administrative Agent, provided that the foregoing shall not apply to notices to any Lender or Issuing Bank pursuant to Article
2 if such Lender or Issuing Bank, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under
such Article by electronic communication. The Administrative Agent or any Borrower may, in its discretion, agree to accept notices and
other communications to it hereunder by electronic communications

 

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pursuant to procedures
approved by it; provided that approval of such procedures may be limited to particular notices or communications.

 

Unless the Administrative
Agent otherwise 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 Administrative 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 DebtDomain, Intralinks, Syndtrak or a substantially similar
electronic transmission system (the “Platform”).

 

(ii)  The
Platform is provided “as is” and “as available.” The Agent Parties (as defined below) 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 connection with the Communications or the Platform.
In no event shall the Administrative Agent or any of its Related Parties (collectively, 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 Administrative Agent’s transmission of communications through the Platform. “Communications”
means, collectively, any notice, demand, communication, information, document or other material that any Borrower provides to the Administrative
Agent pursuant to any Loan Document or the transactions contemplated therein which is distributed to the Administrative Agent any Lender
or any Issuing Bank by means of electronic communications pursuant to this Section, including through the Platform.

 

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(e)  
The Administrative Agent agrees that the receipt of Communications (other than Communications consisting of notices provided under
Article 2) by the Administrative Agent at oploanswebadmin@citigroup.com shall constitute effective
delivery of such Communications to the Administrative Agent for purposes hereunder and any other Loan Document (and any other agreements
relating thereto).

 

Section 10.2  
No Waivers. No failure or delay by the Administrative Agent or any Lender in exercising any right, power or privilege hereunder
or under any Note shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise
thereof or the exercise of any other right, power or privilege. The rights and remedies herein provided shall be cumulative and not exclusive
of any rights or remedies provided by law.

 

Section 10.3  
Expenses; Indemnification; Damage Waiver. (a) The Company agrees to pay (i) all out-of-pocket expenses of the Administrative
Agent including fees and disbursements of special counsel for the Administrative Agent in connection with the preparation and administration
of this Agreement, any waiver or consent hereunder or any amendment hereof or any Default or alleged Default hereunder and (ii) if an
Event of Default occurs, all out-of-pocket expenses incurred by the Administrative Agent, each Issuing Bank and each Lender, including
(without duplication) the fees and disbursements of outside counsel, in connection with such Event of Default and collection, bankruptcy,
insolvency and other enforcement proceedings resulting therefrom.

 

(b)  
The Company agrees to indemnify the Administrative Agent, each Issuing Bank and each Lender, their respective affiliates and the
respective directors, officers, agents, advisors and employees of the foregoing (each an “Indemnitee”) and
hold each Indemnitee harmless from and against any and all liabilities, losses, damages, costs and expenses of any kind, including, without
limitation, the reasonable fees and disbursements of counsel, which may be incurred by such Indemnitee in connection with any investigative,
administrative or judicial proceeding (whether or not such Indemnitee shall be designated a party thereto) brought or threatened by any
Person (including any Borrower) other than such Indemnitee and its Related Parties relating to or arising out of this Agreement or any
actual or proposed use of proceeds of Advances hereunder; provided that (i)
the Company shall not be required to pay or reimburse the legal fees and expenses of more than one outside counsel (in addition to any
special counsel and up to one local counsel in each applicable local jurisdiction) for all Indemnitees in any such proceeding and, in
the case of an actual, perceived or potential conflict of interest, additional outside counsel (in addition to any special counsel and
up to one local counsel in each applicable local jurisdiction) for the Indemnitee or Indemnitees whose interests so conflict and (ii)
no Indemnitee shall have the right to be indemnified hereunder to the extent resulting from such Indemnitee’s own gross
negligence or willful misconduct as determined in a final nonappealable judgment by a court of competent jurisdiction.

 

(c)  
To the extent permitted by applicable law, no Borrower shall assert, and hereby waives, any claim against any Indemnitee, on any
theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of,
in connection with, or as a result of, this Agreement or any

 

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agreement
or instrument contemplated hereby, any Advance, any Letter of Credit or the use of the proceeds thereof.

 

Section 10.4  
No Liability of the Issuing Banks. Each Borrower assumes 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 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 (i) such Issuing Bank's willful misconduct or gross negligence as determined in a final, non-appealable
judgment by a court of competent jurisdiction in determining whether documents presented under any Letter of Credit comply with the terms
of such Letter of Credit or (ii) such Issuing Bank's willful failure to make lawful payment under a Letter of Credit after the presentation
to it of a draft and certificates strictly complying with the terms and conditions of the Letter of Credit. 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 or willful misconduct in accepting such documents as determined in a final
nonappealable judgment by a court of competent jurisdiction.

 

Section 10.5  
Amendments and Waivers. Any provision of this Agreement may be amended or waived if, but only if, such amendment or waiver
is in writing and is signed by the Company and the Required Lenders (and, if the rights or duties of the Administrative Agent are affected
thereby, by the Administrative Agent); provided that (a) no such amendment or waiver shall (i) increase or decrease any Commitment of
any Lender (except for a ratable decrease in such Commitments of all applicable Lenders) or subject any Lender to any additional obligation
without the written consent of such Lender, (ii) reduce the principal of or rate of interest on any Advance, or any fees hereunder, without
the written consent of each Lender directly affected thereby, (iii) postpone the date fixed for any payment of principal of or interest
on any Advance, or any fees hereunder or for the termination of the Commitments, without the written consent of each Lender directly
affected thereby, (iv) change the percentage of the Commitments or of the aggregate unpaid principal amount of the Advances, or the number
of Lenders, which shall be required for the Lenders or any of them to take any action under this Section 10.5 or any other provision
of this Agreement, without the written consent of each Lender, (v) reduce or limit the obligations of the Company under Section 9.1 hereof
or release the Company from its obligations under Article 9 without the written consent of each Lender, (vi) waive the requirements of
Section 2.1(d) to permit the expiration of a Letter of Credit to extend beyond the

 

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Termination Date,
without the written consent of each Lender directly affected thereby, or (vii) amend or modify Sections 2.13 and 10.6(a) without the
written consent of each Lender, (b) any modification or supplement of Article 7 shall require the consent of the Administrative Agent,
(c) any modification or supplement of the rights or duties of any Issuing Bank shall require the consent of such Issuing Bank and (d)
any modification or supplement of the rights or duties of any Swing Line Bank shall require the consent of such Swing Line Bank. Notwithstanding
the foregoing, technical and conforming modifications to this Agreement and the other Loan Documents may be made with the consent of
the Borrowers and the Administrative Agent to the extent necessary to integrate any Additional Currency Facility Commitments on substantially
the same basis as the other Commitments; provided, however, that the Administrative Agent shall provide each of the Issuing
Banks, the Swing Line Banks and the Lenders of prompt written notice of thereof, all in reasonable detail in respect of any such technical
and conforming modifications.

 

Anything in this Agreement
to the contrary notwithstanding, a Defaulting Lender shall (unless the Required Lenders, determined as if such Lender were not a “Lender”
hereunder, shall otherwise consent in writing) be deemed for all purposes relating to amendments, modifications, waivers or consents
under this Agreement (including, without limitation, under this Section 10.5) to have no Advances or Commitments, shall not be treated
as a “Lender” hereunder when performing the computation of Required Lenders and shall have no rights under the preceding
paragraph of this Section 10.5; provided that any action taken by the other Lenders with respect to the matters referred to in
clause (a) of the preceding paragraph shall not be effective as against such Lender without its consent.

 

Section 10.6  
Successors and Assigns. (a) Successors and Assigns Generally. 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 no Borrower
may assign or otherwise transfer any of its rights or obligations under this Agreement 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 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
(f) 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 Administrative 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 (in
each case with respect to any Facility) any such assignment shall be subject to the following conditions:

 

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(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 (in each case with respect to any Facility) 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

 

(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 Administrative 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 or a multiple of $1,000,000 in excess thereof, unless each of the Administrative
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 separate Facilities 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 or an Affiliate of a Lender; provided
that the Company shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the
Administrative Agent within ten Business Days after having received notice thereof;

 

(B) the
consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required for assignments in respect
of any Facility if such assignment is to a Person that is not a Lender with a Commitment in respect of such Facility, an Affiliate of
such Lender or an Approved Fund with respect to such Lender; and

 

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(C) the
consent of each Issuing Bank and each Swing Line Bank (each such consent not to be unreasonably withheld or delayed) shall be required
for any assignment in respect of the Revolving Credit Facility.

 

(iv)  Assignment
and Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption,
together with a processing and recordation fee of $3,500; provided that the Administrative 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 Administrative 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 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).

 

(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 Administrative 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 Administrative 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 Administrative Agent, each Issuing Bank, each
Swing Line 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 and Swing Line Advances in accordance with its pro rata 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.

 

(viii)  SPCs.
Notwithstanding anything to the contrary contained herein, any Lender (a “Granting Lender”) may grant to a
special purpose funding vehicle (an “SPC”), identified as such in writing from time to time by the Granting
Lender to the Administrative Agent and the Borrowers the option to fund all or any part of any Advance that such Granting Lender would
otherwise be obligated to fund pursuant to this Agreement; provided that (i) nothing herein shall constitute a commitment by any
SPC to fund any Advance, (ii) if an SPC elects not to exercise such option or otherwise fails to

 

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fund all or any part of such
Advance, the Granting Lender shall be obligated to fund such Advance pursuant to the terms hereof and (iii) the Borrowers may bring any
proceeding against the Granting Lender or the SPC in order to enforce any rights of the Borrowers hereunder. The funding of an Advance
by an SPC hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if, such Advance were funded by such
Granting Lender. Each party hereto hereby agrees that no SPC shall be liable for any indemnity or payment under this Agreement for which
a Lender would otherwise be liable for so long as, and to the extent, the Granting Lender provides such indemnity or makes such payment.
Notwithstanding anything to the contrary contained in this Agreement, any SPC may disclose on a confidential basis any non-public information
relating to its funding of Advances to any rating agency, commercial paper dealer or provider of any surety or guarantee to such SPC.
This paragraph may not be amended without the prior written consent of each Granting Lender, all or any part of whose Advance is being
funded by an SPC at the time of such amendment.

 

(ix)   UK
Borrowers. If (x) a Lender assigns all or a portion of its rights and obligations under this Agreement or changes its Applicable
Lending Office and (y) as a result of circumstances existing at the date of such assignment or change occurs, a UK Borrower would be
obliged to make a payment to the assignee or Lender acting through its new Applicable Lending Office under Section 8.4, then the assignee
or Lender acting through its new Applicable Lending Office shall only be entitled to receive such payment under Section 8.4 to the same
extent as the existing Lender or Lender acting through its previous Applicable Lending Office would have been had the assignment or change
not occurred.

 

Subject to acceptance and recording
thereof by the Administrative 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 8.3 and 10.3 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 Administrative 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

 

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recordation
of the names and addresses of the Lenders, and the Commitments of, and principal amounts 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 Administrative 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 Borrowers and any Lender, at any reasonable time and from time to time upon reasonable prior notice.

 

(d)  
Participations. Any Lender may at any time, without the consent of, or notice to, the Company, any Issuing Bank, any Swing
Line Bank or the Administrative Agent, sell participations to any Person (other than a natural Person or the Borrower 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 Commitment and/or the Advances owing to it); provided that,
regardless of whether the consent of, or notice to, the Company or the Administrative Agent is given, (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 Company, the Administrative 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 7.8 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 clauses (i), (ii) and (iii) of Section 10.5 that affects such Participant. The Borrowers agree that each Participant
shall be entitled to the benefits of Sections 8.3 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 agrees to be subject to the provisions of Article 8
as if it were an assignee under paragraph (b) of this Section.

 

Each Lender that sells
a participation, acting solely for this purpose as a nonfiduciary agent of the Borrowers (and such agency being solely for tax purposes),
shall maintain a register for the recordation of the name and address of each Participant and the principal amounts (and stated interest)
of each Participant’s interest in its rights and other obligations under this Agreement (the “Participation Register”);
provided that no Lender shall have any obligation to disclose all or any portion of the Participation Register to any Person (including
the identity of any participant or any information relating to a participant’s interest in any commitments, loans, letters of credit
or its other obligations under any Loan Document) except to the extent that such disclosure is necessary to establish that such commitment,
loan,

 

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letter of credit or other obligation
is in registered form under Section 5f.103(e) of the United States Treasury Regulations.

 

(e)  
Limitations upon Participant Rights. A Participant shall not be entitled to receive any greater payment under Sections
8.3 and 8.4 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 the Company’s prior written consent. A Participant that would
be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 8.4 unless the Company is notified of the participation
sold to such Participant and such Participant agrees, for the benefit of the Company, to comply with Section 8.4(d) as though it were
a Lender.

 

(f)  
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
or any 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)  
Canadian Commitments. Notwithstanding anything to the contrary contained in this Agreement, participating interests in,
and rights and obligations with respect to, Canadian Advances and Canadian Commitments may be granted or assigned only to Schedule I
Banks, Schedule II Banks, Schedule III Banks or a Person established under the laws of Canada or any province or territory thereof that
is authorized to carry on business in Canada pursuant to Part XII of the Bank Act (Canada).

 

Section 10.7  
Governing Law; Submission to Jurisdiction. This Agreement shall be governed by and construed in accordance with the law
of the State of New York. Each of the parties hereto irrevocably and unconditionally agrees that it will not commence any action, litigation
or proceeding of any kind or description, whether in law or equity, whether in contract or in tort or otherwise, in any way relating
to this Agreement or any other Loan Document or the transactions relating hereto or thereto, in any forum other than the courts of the
State of New York sitting in New York County, and of the United States District Court of the Southern District of New York, and any appellate
court from any thereof and each of the parties hereto irrevocably and unconditionally submits to the jurisdiction of such courts and
agrees that all claims in respect of any such action, litigation or proceeding may be heard and determined in 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. Each of the parties hereto irrevocably waives, to the fullest extent permitted by law, any objection
which it may now or hereafter have to the laying of the venue of any such proceeding brought in such a court and any claim that any such
proceeding brought in such a court has been brought in an inconvenient forum.

 

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Each Subsidiary
Borrower hereby agrees that service of process in any action or proceeding brought in any New York State court or in federal court may
be made upon the Company at its offices specified in Section 10.1, and such Subsidiary Borrower hereby irrevocably appoints the Company
to give any notice of any 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.

 

Section 10.8  
Counterparts; Integration. This Agreement may be signed in any number of counterparts, each of which shall be an original,
with the same effect as if the signatures thereto and hereto were upon the same instrument. This Agreement and any Notes issued hereunder
constitute the entire agreement and understanding among the parties hereto and supersedes any and all prior agreements and understandings,
oral or written, relating to the subject matter hereof. The words “delivery”, “execute,” “execution,”
“signed,” “signature,” and words of like import in or related to any document to be signed in connection with
this Agreement (each, a “Document”) and the transactions contemplated hereby shall be deemed to include electronic
signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by the Administrative
Agent, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a
manually executed signature, physical delivery thereof or the use of a paper based recordkeeping system, as the case may be, to the extent
and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York
State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act. For the
avoidance of doubt, the authorization under this Section 10.8 may include, without limitation, use or acceptance by the Borrower, the
Administrative Agent and each of the Lenders of a manually signed paper Document which has been converted into electronic form (such
as scanned into PDF format), or an electronically signed Document converted into another format, for transmission, delivery and/or retention.
The Borrower, the Administrative Agent and each of the Lenders may, at its option, create one or more copies of any Document in the form
of an imaged Electronic Record (“Electronic Copy”), which shall be deemed created in the ordinary course of such Person’s
business, and destroy the original paper document. Notwithstanding anything contained herein to the contrary, the Administrative Agent
is under no obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by the Administrative
Agent pursuant to procedures approved by it; provided, without limiting the foregoing, (a) to the extent the Administrative Agent has
agreed to accept such Electronic Signature, the Administrative Agent and each of the Lenders shall be entitled to rely on any such Electronic
Signature purportedly given by or on behalf of the Borrower without further verification and (b) upon the reasonable request of the Administrative
Agent or any Lender, any Electronic Signature shall be promptly followed by such manually executed counterpart. For purposes hereof,
“Electronic Record” and “Electronic Signature” shall have the meanings assigned to them, respectively,
by 15 USC §7006, as it may be amended from time to time.

 

Section 10.9  
Waiver of Jury Trial. EACH BORROWER AND EACH OF THE ADMINISTRATIVE AGENT AND THE BANKS HEREBY IRREVOCABLY WAIVES, TO

 

    113 

     

    

THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT,
ANY NOTE, THE OTHER LOAN DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

Section 10.10  
Survival. The obligations of the Borrowers under Sections 2.13, 8.3, 8.4 and 10.3, and the obligations of the Lenders under
Section 7.6, shall survive the repayment of the Advances and the termination of the Commitments.

 

Section 10.11  
Confidentiality. Each of the Administrative Agent and the Lenders agrees to maintain the confidentiality of the Information
(as defined below), except that Information may be disclosed (a) to its and its Affiliates’ directors, officers, employees and
agents, including accountants, legal counsel and other advisors (it being understood that the Persons to whom such disclosure is made
will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent
requested by any regulatory authority or self-regulatory body, (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) in connection with the exercise of any remedies hereunder
or any suit, action or proceeding relating to this Agreement or any Note or the enforcement of rights hereunder, (f) subject to an agreement
containing provisions substantially the same as those of this Section or to the consent, so long as no Event of Default is continuing,
of the Company (such consent not to be unreasonably withheld), to any assignee of or Participant in, or any prospective assignee of or
Participant in, any of its rights or obligations under this Agreement, (g) with the consent of the Company, (h) if an Event of Default
shall have occurred and be continuing, to prospective assignees of any Lender who agree to hold such information confidential, (i) to
the extent such Information (i) becomes publicly available other than as a result of a breach of this Section by another party hereto
or (ii) becomes available to the Administrative Agent or any Lender on a nonconfidential basis from a source other than a Borrower, or
(j) on a confidential basis to any rating agency in connection with rating the Company or its Subsidiaries or their obligations under
this Agreement or any actual or prospective counterparty (or its advisors) to any swap or derivative or credit insurance transaction
relating to any Borrower or its obligations hereunder. In addition, the Administrative 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 Administrative Agent and the Lenders in connection with the administration of this Agreement, the other Loan
Documents, and the Commitments. For the purposes of this Section, “Information” means all information received
from the Company relating to the Company or its business, other than any such information that is available to the Administrative Agent
or any Lender on a nonconfidential basis prior to disclosure by the Company; provided that, in the case of information received from
the Company after the date hereof, such information is clearly identified at the time of delivery as confidential. Any Person required
to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to
do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord
to its own confidential information.

 

    114 

     

    

Section 10.12  
USA Patriot Act. Each Lender hereby notifies each Borrower that pursuant to the requirements of the USA Patriot Act (title
III of Pub.L.107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify
and record information that identifies such Borrower, which information includes the name and address of such Borrower and other information
that will allow such Lender to identify such Borrower in accordance with the Act.

 

Section 10.13  
Designated Subsidiaries. (a) Designation. (i) The Company may, upon five Business Days prior notice, at any time, and from
time to time, by delivery to the Administrative Agent of a Designation Agreement duly executed by the Company and the respective Subsidiary
and substantially in the form of Exhibit E hereto, designate such Subsidiary as a “Designated Subsidiary” for purposes of
this Agreement and 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; provided that if such Subsidiary is organized under the laws
of a jurisdiction other than that of the United States or a political subdivision thereof, the Company shall give 15 days prior notice
to the Administrative Agent. The Administrative Agent shall promptly notify each Lender of each such designation by the Company and the
identity of the respective Subsidiary. Following the giving of any notice pursuant to this Section 10.13, if the designation of such
Designated Subsidiary obligates the Administrative Agent or any Lender to comply with “know your customer” or similar identification
procedures in circumstances where the necessary information is not already available to it (including, in the case of any Designated
Subsidiary that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, a Beneficial Ownership
Certification in relation to such Designated Subsidiary), the Company shall, promptly upon the request of the Administrative Agent or
any Lender, supply such documentation and other evidence as is reasonably requested by the Administrative Agent or any Lender in order
for the Administrative 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 or its internal policies.

 

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 may, with notice to the Administrative Agent and the Company, fulfill its Commitment by causing an Affiliate of such Lender
to act as the Lender in respect of such Designated Subsidiary.

 

(ii)  As
soon as practicable and in any event within five Business Days after notice of the designation under Section 10.13(a)(i) of 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, or whose internal policies, consistently applied, preclude lending to, such Designated Subsidiary
(a “Protesting Lender”) shall so notify the Company and the Administrative 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) (i) replace such Protesting Lender in accordance with Section 8.5 or (ii) notify the Administrative Agent and such
Protesting Lender that the Commitments of such Protesting Lender shall be terminated; provided that (x) the Company shall have
received the

 

    115 

     

    

prior written consent
of the Administrative Agent and each Issuing Bank, which consents shall not unreasonably be withheld, and (y) such Protesting 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, from the assignee (to the extent of such outstanding principal and accrued interest and fees)
or the relevant Borrower (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, 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 Administrative Agent to the Lenders (which notice the Administrative 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.

 

Section 10.14  
Judgment. (a) If for the purposes of obtaining judgment in any court it is necessary to convert a sum due hereunder in
US 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 Administrative Agent could purchase US 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 Foreign Currency into
US Dollars, 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 Administrative Agent could purchase such Foreign Currency with US 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 Administrative 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 Administrative Agent (as the case may be) of any sum adjudged
to be so due in such other currency, such Lender or the Administrative 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 Administrative Agent (as the case may be) in the applicable Primary Currency, each Borrower
agrees, as a separate obligation and notwithstanding any such judgment, to indemnify such Lender or the Administrative 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 Administrative Agent (as the case may be) in the applicable Primary Currency, such

 

    116 

     

    

Lender or
the Administrative Agent (as the case may be) agrees to remit to such Borrower such excess.

 

Section 10.15  
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 Eurocurrency
Rate) will be amended to the extent determined by the Administrative 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 10.16  
Determinations under Section 2.15, 3.1 and 3.2. For purposes of determining compliance with the conditions specified in
Section 3.1 or Section 3.2 or clause (iv)(B) of the proviso to Section 2.15, 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 Administrative 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
Restatement Date, the date of the initial Advance to the applicable Designated Subsidiary or the date of the applicable Commitment Increase,
as the case may be, specifying its objection thereto. The Administrative Agent shall promptly notify the Lenders of the occurrence of
the Restatement Date, each date of initial Advance to a Designated Subsidiary and each date of a Commitment Increase, as applicable.

 

Section 10.17  
No Fiduciary Duty. The Administrative Agent, each Lender and their Affiliates (collectively, solely for purposes of this
paragraph, the “Lenders”), may have economic interests that conflict with those of the Borrowers and/or their Affiliates
(the “Borrower Entities”).  Each Borrower agrees that nothing in the Loan Documents or otherwise will
be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between any Lender, on the one hand,
and any Borrower Entity, on the other.  The Borrowers acknowledge and agree that (i) the transactions contemplated by the Loan Documents
(including the exercise of rights and remedies hereunder and thereunder) are arm’s-length commercial transactions between the Lenders,
on the one hand, and the Borrowers, on the other, and (ii) in connection therewith and with the process leading thereto, (x) no Lender
has assumed an advisory or fiduciary responsibility in favor of any Borrower Entity with respect to the transactions contemplated hereby
(or the exercise of rights or remedies with respect thereto) or the process leading thereto (irrespective of whether any Lender has advised,
is currently advising or will advise any Borrower Entity on other matters) or any other obligation to any Borrower except the obligations
expressly set forth in the Loan Documents and (y) each Lender is acting solely as principal and not as the agent or fiduciary of any
Borrower Entity.  Each Borrower acknowledges and agrees that it has consulted its own legal and financial advisors to the extent
it deemed appropriate and that it is responsible for making its own independent judgment with respect to the Loan Documents and the transactions
contemplated thereby and the process leading thereto.  Each Borrower agrees that it will not claim that any Lender has rendered
advisory services of any nature or respect, or owes a fiduciary or similar duty to such Borrower,

 

    117 

     

    

in connection with
the Loan Documents and the transactions contemplated thereby and the process leading thereto.

 

Section 10.18  
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 which may be payable to it by any party hereto that is an Affected Financial Institution;
and

 

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

 

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

 

(ii)  a
conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution,
its parent 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.

 

Section 10.19  
Effect of Amendment and Restatement. On the Restatement Date, all obligations of the Borrowers under the Existing Credit
Agreement shall become obligations of the Borrowers hereunder, and the provisions of the Existing Credit Agreement shall be superseded
by the provisions hereof. Each of the parties hereto confirms that the amendment and restatement of the Existing Credit Agreement pursuant
to this Agreement shall not constitute a novation of the Existing Credit Agreement.

 

Section 10.20  
Right of Set-off. If the Termination Date has occurred (including by acceleration of the maturity of the Advances in accordance
with the terms hereof) and the applicable Advances have otherwise become due and have not been paid in full, each Lender is hereby authorized
at any time and from time to time, 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, in whatever currency, but excluding in any event deposit or other amounts held in a
trustee, fiduciary, agency or similar capacity or otherwise for the benefit of a third party) at any time owing by such Lender to or
for the credit or the account of any Borrower against any and all of the obligations of such Borrower now or hereafter then due and owing
under this Agreement or any other Loan Document to such Lender, irrespective of whether or

 

    118 

     

    

not
such Lender shall have made any demand under this Agreement or any other Loan Document and although such obligations of such Borrower
may be owed to a branch or office of such Lender different from the branch or office holding such deposit or obligated on such indebtedness;
provided, that in the event that any Defaulting Lender shall exercise any such right of setoff, (i) all amounts so set off shall
be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.19 and, pending
such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative
Agent and the Lenders and (ii) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable
detail the obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender and its
respective Affiliates under this Section 10.20 are in addition to other rights and remedies (including other rights of setoff) that such
Lender or its respective Affiliates may have. Each Lender agrees to notify the Company and the Administrative Agent promptly after any
such setoff and application; provided, that the failure to give such notice shall not affect the validity of such setoff and application.

 

* * *

 

    119 

     

    

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

 

	 	MARSH & McLENNAN COMPANIES, INC.
	 	 	 	 	 
	 	By:	/s/ Ferdinand Jahnel 	 
	 	 	Name:  	Ferdinand Jahnel	 
	 	 	Title:  	Vice President and Treasurer 	 
	 	 	 	 	 
	 	 	 	 	 
	 	1166 Avenue of the Americas
	 	New York, NY  10036
	 	Facsimile number:  (212) 345-4809
	 	Website:  www.mmc.com
	 	 	 	 	 
	 	 	 	 	 
	 	MMC TREASURY HOLDINGS (UK) LIMITED
	 	 	 	 	 
	 	By:	/s/ Justin Broad 	 
	 	 	Name:  	Justin Broad	 
	 	 	Title:  	Director 	 

    [Signature page to Marsh Credit Agreement]

     

    

	 	LENDERS
	 	 	 	 	 
	 	CITIBANK, N.A., as Revolving Credit Lender, Issuing Bank, Swing Line Bank and Administrative
    Agent
	 	 	 	 	 
	 	By:	/s/ Maureen Maroney 	 
	 	 	Name:  	Maureen Maroney	 
	 	 	Title:  	Vice President 	 
	 	 	 	 	 
	 	One Penns Way, OPS 2/2
	 	New Castle, Delaware  19720
	 	 	 	 	 
	 	 	 	 	 
	 	CITIBANK, N.A., CANADIAN BRANCH, as Canadian Lender
	 	 	 	 	 
	 	By:	/s/ Jared Bishop 	 
	 	 	Name:  	Jared Bishop	 
	 	 	Title:  	Vice President	 
	 	 	 	 	 
	 	 	 	 	 
	 	CITIBANK, N.A., SYDNEY BRANCH, as Australian Lender
	 	 	 	 	 
	 	By:	/s/ Roderick V H Hill 	 
	 	 	Name:  	Roderick V H Hill	 
	 	 	Title:  	Manaaging Director 	 
	 	 	 	 	 
	 	By:	/s/ Nishant Sethi 	 
	 	 	Name:  	Nishant Sethi	 
	 	 	Title:  	Director	 

    [Signature page to Marsh Credit Agreement]

     

    

SIGNED in accordance with
section 127 of the Corporations Act 2001 by CITISECURITIES LIMITED, as Australian Sub-Agent

 

	/s/ Tim Sedgwick	 	/s/ Lisa Cuman 
	Signature of Director	 	Signature of Director / Company Secretary
	Tim Sedgwick	 	Lisa Cuman 
	Name of Director	 	Name of Director / Company Secretary
	 	 	 

	Address:	Level 24, 2 Park Street, Sydney, NSW 2000 Australia
	Email address:	maria.mills@citi.com / kerry.hymann@citi.com
    / steve.phan@citi.com
	Fax number:	+ 612 8225 5244
	Telephone number:	+ 612 8225 2066 / 2051
	Attention:	Maria Mills/Kerry Hymann/Steve Phan
	Email address:	maria.mills@citi.com; Kerry.hymann@citi.com

 

		·	with a copy to Citicorp
International Limited at:

 

	Address:	9th Floor Citi Tower, One Bay East,
	 	83 Hoi Bun Road , 
	 	Kwun Tong, Kowloon, 
	 	Hong Kong 
	Group Email address:	apac.rla.ca@citi.com / apac.loansagency@citi.com;

    [Signature page to Marsh Credit Agreement]

     

    

	 	BANK OF AMERICA, N.A., as Revolving Credit Lender, Issuing Bank and Swing Line Bank
	 	 	 	 	 
	 	By:	/s/ Chris Choi 	 
	 	 	Name:  	Chris Choi	 
	 	 	Title:  	Director 	 
	 	 	 	 	 
	 	 	 	 	 
	 	BANK OF AMERICA, N.A. (CANADA BRANCH), as Canadian Lender
	 	 	 	 	 
	 	By:	/s/ Medina Sales de Andrade 	 
	 	 	Name:  	Medina Sales de Andrade	 
	 	 	Title:  	Vice President 	 
	 	 	 	 	 
	 	BANK OF AMERICA, N.A. (SYDNEY BRANCH), as Australian Lender
	 	 	 	 	 
	 	By:	/s/ Jonathan Boyd 	 
	 	 	Name:  	Jonathan Boyd	 
	 	 	Title:  	 Managing Director Bank of America, N.A. Australian Branch	 
	 	 	 	 	 

	 	Witnessed by:	/s/ Soumitra Kharpate 	 
	 	 	Name:  	Soumitra Kharpate	 
	 	 	Title:  	Vice President	 

     

     

    

	 	DEUTSCHE BANK AG NEW YORK BRANCH, as Revolving Credit Lender and Issuing Bank
	 	 	 	 	 
	 	By:	/s/ Ming K. Chu 	 
	 	 	Name:  	Ming K. Chu	 
	 	 	Title:  	 Director	 
	 	 	 	 	 
	 	By:	/s/ Marko Lukin 	 
	 	 	Name:  	Marko Lukin	 
	 	 	Title:  	Vice President	 

     

     

    

	 	HSBC BANK USA, NATIONAL ASSOCIATION, as Revolving Credit Lender, Issuing Bank and Swing
    Line Bank
	 	 	 	 	 
	 	By:	/s/ Teresa Pereyra 	 
	 	 	Name:  	Teresa Pereyra	 
	 	 	Title:  	Vice President, Financial Institutions Group 	 

     

     

    

	 	JPMORGAN CHASE BANK, N.A.
	 	 	 	 	 
	 	By:	/s/ James S. Mintzer 	 
	 	 	Name:  	James S. Mintzer	 
	 	 	Title:  	 Executive Director	 

     

     

    

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION
	 	 	 	 	 
	 	By:	/s/ Karen
    Hanke 	 
	 	 	Name:  	Karen
    Hanke	 
	 	 	Title:  	Managing Director	 

     

     

    

	 	BARCLAYS BANK PLC
	 	 	 	 	 
	 	By:	/s/ Andrew
    Asmodeo 	 
	 	 	Name:  	Andrew
    Asmodeo	 
	 	 	Title:  	Director	 

     

     

    

	 	MUFG BANK, LTD.
	 	 	 	 	 
	 	By:	/s/ Rajiv
    Ranjan 	 
	 	 	Name:  	Rajiv Ranjan	 
	 	 	Title:  	Vice President 	 

     

     

    

	 	MORGAN STANLEY BANK, N.A.
	 	 	 	 	 
	 	By:	/s/ Michael
    King 	 
	 	 	Name:  	Michael
    King	 
	 	 	Title:  	Authorized Signatory 	 

     

     

    

	 	TD BANK, N.A.
	 	 	 	 	 
	 	By:	/s Steve Levi 	 
	 	 	Name:  	Steve Levi	 
	 	 	Title:  	Senior Vice President 	 

     

     

    

	 	THE BANK OF NOVA SCOTIA
	 	 	 	 	 
	 	By:	/s/ Sunny
    Yang 	 
	 	 	Name:  	Sunny Yang	 
	 	 	Title:  	Director 	 

     

     

    

	 	U.S. BANK, NATIONAL ASSOCIATION
	 	 	 	 	 
	 	By:	/s/ Callen M. Strunk 	 
	 	 	Name:  	Callen M. Strunk	 
	 	 	Title:  	Vice President	 

     

     

    

	 	AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED
	 	 	 	 	 
	 	By:	/s/ Cynthia Dioquino 	 
	 	 	Name:  	Cynthia Dioquino	 
	 	 	Title:  	Associate Director	 

     

     

    

	 	BNP PARIBAS
	 	 	 	 	 
	 	By:	/s Liza
    Shabetayev 	 
	 	 	Name:  	Liza Shabetayev	 
	 	 	Title:  	Managing Director	 
	 	 	 	 	 
	 	By:	/s/ Patrick Cunnane 	 
	 	 	Name:  	Patrick Cunnane	 
	 	 	Title:  	Vice President	 

     

     

    

	 	PNC BANK, NATIONAL ASSOCIATION
	 	 	 	 	 
	 	By:	/s/ Matthew
    Titus 	 
	 	 	Name:  	Matthew
    Titus	 
	 	 	Title:  	Vice President 	 

     

     

    

	 	ROYAL BANK OF CANADA
	 	 	 	 	 
	 	By:	/s/ Sergey
    Skripnichenko 	 
	 	 	Name:  	Sergey
    Skripnichenko	 
	 	 	Title:  	Authorized Signatory 	 

     

     

    

	 	STANDARD CHARTERED BANK
	 	 	 	 	 
	 	By:	/s/ James Beck 	 
	 	 	Name:  	James Beck	 
	 	 	Title:  	Director 	 

     

     

    

	 	THE NORTHERN TRUST COMPANY
	 	 	 	 	 
	 	By:	/s/ Joshua
    Metcalf 	 
	 	 	Name:  	Joshua
    Metcalf	 
	 	 	Title:  	VP 	 

     

     

    

	 	GOLDMAN SACHS BANK USA
	 	 	 	 	 
	 	By:	/s/ Ryan
    Durkin 	 
	 	 	Name:  	Ryan Durkin	 
	 	 	Title:  	Authorized Signatory	 

     

     

    

	 	THE BANK OF NEW YORK MELLON
	 	 	 	 	 
	 	By:	/s/ Tatiana
    Ross 	 
	 	 	Name:  	Tatiana
    Ross	 
	 	 	Title:  	Vice President 	 

     

     

    

	 	STATE STREET BANK AND TRUST COMPANY
	 	 	 	 	 
	 	By:	/s/ Sara
    Castellani 	 
	 	 	Name:  	Sara Castellani	 
	 	 	Title:  	Managing Director

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