Document:

Exhibit 10.1

 

AMENDMENT NO. 1

TO

SPONSOR SUPPORT AGREEMENT

 

This AMENDMENT NO.
1 TO SPONSOR SUPPORT AGREEMENT (this “Amendment”) dated as of February 12, 2020, is made by and among Act II
Global LLC, a Delaware limited liability company (together with its successors, the “Sponsor”), Act II Global
Acquisition Corp., a Cayman Islands exempted company (“Act II”), Flavors Holdings Inc., a Delaware corporation
(“Flavors Holdings”), MW Holdings I LLC, a Delaware limited liability company (“MW Holdings I”),
MW Holdings III LLC, a Delaware limited liability company (“MW Holdings III”), and Mafco Foreign Holdings, Inc.,
a Delaware corporation (“Mafco Foreign Holdings” and together with Flavors Holdings, MW Holdings I and MW Holdings
III, the “Sellers”). The Sponsor, Act II and the Sellers shall be referred to herein from time to time collectively
as the “Parties.”

 

RECITALS

 

WHEREAS, Act II and
the Sellers entered into a Purchase Agreement dated as of December 19, 2019 (as amended, supplemented, or modified, the “Purchase
Agreement”);

 

WHEREAS, concurrently
with the Purchase Agreement, the Parties entered into that certain Sponsor Support Agreement dated as of December 19, 2019 (the
 “Agreement”), whereby the Sponsor agreed to defer certain of its equity interests in Act II as of immediately
following the Closing and agreed to certain covenants and agreements related to the transactions contemplated by the Purchase Agreement;
and

 

WHEREAS, the Parties
desire to amend the Agreement on the terms and subject to the conditions set forth herein.

 

NOW, THEREFORE, in
consideration of the foregoing and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the Parties agree as follows:

 

1.           
Definitions.
Capitalized terms used and not defined in this Amendment have the respective meanings assigned to them in the Agreement.

 

2.           
Amendments to the Agreement. The Agreement is hereby amended or modified as follows:

 

(a)         
Section 1.b is amended and restated in its entirety as follows:

 

“b.     The Sponsor is the record owner of all of the outstanding shares of Act II’s Class B ordinary shares (the
 “Founder Shares”) and 6,750,000 warrants to purchase shares of Act II’s Class A ordinary shares at a
price of $11.50 per share (the “Founder Warrants”) as of the date hereof, which constitutes all of the
equity securities in Act II held by the Sponsor and its Affiliates as of the date hereof. Immediately after the Closing, all
of the Forfeited Securities (as defined herein) and Escrowed Sponsor Shares (as defined herein) will be owned of record by
the Sponsor, and all of the other Founder Shares and Founder Warrants will be owned of record by the Sponsor, which Escrowed
Sponsor Shares, other Founder Shares and Founder Warrants owned of record by the Sponsor will constitute all of the equity
securities in Act II held by the Sponsor and its Affiliates as of immediately after the Closing. The Sponsor has, or will
have as of the date hereof and immediately prior to the Closing, as applicable, valid, good and marketable title to such
equity securities, free and clear of all Liens (other than Liens pursuant to this Agreement or any other agreement contemplated by the
Purchase Agreement and transfer restrictions under applicable Law or under the Organizational Documents of Act II). Except for
this Agreement, the Sponsor is not party to any option, warrant, purchase right, or other contract or commitment that could require
the Sponsor to sell, transfer, or otherwise dispose of the Escrowed Sponsor Shares. Except as disclosed in Act II’s public
filings with the U.S. Securities and Exchange Commission at least one day prior to the date hereof or as provided in this Agreement,
the Purchase Agreement, the Investors Agreement, or the Organizational Documents of the Sponsor, the Sponsor is not a party to
any voting trust, proxy or other agreement or understanding with respect to the voting of the Founder Shares or the Founder Warrants.
Neither the Sponsor, nor any transferees of any equity securities of Act II initially held by the Sponsor, has asserted or perfected
any rights to adjustment or other anti-dilution protections with respect to any equity securities of Act II (including the Founder
Shares and the Founder Warrants) (whether in connection with the transactions contemplated by the Purchase Agreement or otherwise).”

 

    		-1-	 

     

    

 

(b)        
Section 2 is amended and restated in its entirety as follows:

 

“2.     Escrowed
Sponsor Shares; Sponsor Forfeiture.

 

a.       The
Sponsor hereby agrees that, on or prior to the Closing Date, the Sponsor shall enter into an Escrow Agreement, as contemplated
under the Purchase Agreement, pursuant to which the Sponsor shall deposit an aggregate of 2,000,000 Class A ordinary shares (which,
for avoidance of doubt, will be converted at Closing from Founder Shares) (the “Escrowed Sponsor Shares”), to
be held and distributed by the Escrow Agent on the terms and conditions set forth therein. Subject to the terms and conditions
of this Agreement, the Sponsor unconditionally and irrevocably agrees to take, or cause to be taken, all actions and to do, or
cause to be done, all things necessary, proper or advisable to consummate and make effective the transactions contemplated by this
Section 2 of this Agreement.

 

b.       The
Sponsor hereby agrees that, immediately following the Closing, the Sponsor shall automatically be deemed to irrevocably transfer
to Act II, surrender and forfeit for no consideration (i) 3,000,000 Founder Shares and (ii) 6,750,000 Founder Warrants (collectively,
the “Forfeited Securities”) and that from and after such time, such Forfeited Securities shall be deemed to
be cancelled and no longer outstanding. The Sponsor hereby acknowledges and agrees that the Sponsor will waive any right that it
might otherwise have in connection with the Warrant Amendment to receive a cash payment with respect to the Founder Warrants subject
to the Warrant Amendment and agrees that no such cash payment will be made to the Sponsor in respect of any such Founder Warrants.”

 

(c)          Section
5.a is amended by deleting the words “amendment included in the Purchaser Shareholder Proposals” and replacing in
lieu thereof the words “amendments included in the Purchaser Shareholder Proposals or the Warrant Amendment.”

 

3.           
Effect of the Amendment. Except as expressly provided in this Amendment, all of the terms and provisions of the Agreement
are and will remain in full force and effect and are hereby ratified and confirmed by the Parties. On and after the date hereof,
each reference in the Agreement to “this Agreement,” “the Agreement,” “hereunder,” “hereof,”
 “herein” or words of like import, and each reference to the Agreement in any other agreements, documents, or instruments
executed and delivered pursuant to or in connection with the Purchase Agreement or Ancillary Documents will mean and be a reference
to the Agreement as amended by this Amendment.

 

    		-2-	 

     

    

 

4.           
Miscellaneous.

 

(a)          This
Amendment shall be governed by and construed in accordance with the internal laws of the State of New York without giving effect
to any choice or conflict of law provision or rule (whether of the State of New York or any other jurisdiction).

 

(b)          The headings in this Amendment are for reference only and shall not affect the interpretation of this Amendment.

 

(c)          This
Amendment may be executed in counterparts, each of which shall be deemed an original, but all of which together shall be deemed
to be one and the same agreement. A signed copy of this Amendment delivered by facsimile, e-mail, or other means of electronic
transmission shall be deemed to have the same legal effect as delivery of an original signed copy of this Amendment.

 

    		-3-	 

     

    

 

IN WITNESS WHEREOF,
each of the Parties has caused this Amendment to be duly executed on its behalf as of the day and year first above written.

 

 

		ACT II GLOBAL LLC  
	 	 
	 	By:		/s/John Carroll
	 	 	Name:	John Carroll
	 	 	Title:	Managing Member

 

 

		ACT II GLOBAL ACQUISITION CORP. 
	 	 
	 	 
	 	By:	 	/s/
Ira J. Lamel
	 	 	Name:	Ira J. Lamel
	 	 	Title:	Chief Financial Officer

 

[Signature Page to Amendment No. 1 to Sponsor Support Agreement]

 

     

     

    

 

IN WITNESS WHEREOF,
each of the Parties has caused this Amendment to be duly executed on its behalf as of the day and year first above written.

 

 

	 	FLAVORS HOLDINGS INC.
	 	 
	 	 
	 	By:	 	/s/
Edward Mammone
	 	 	Name:	Edward Mammone
	 	 	Title:	Senior Vice President,
Controller

 

 

	 	MW HOLDINGS I LLC
	 	 
	 	By:	Flavors Holdings, Inc., its sole member
	 	 	 
	 	By:	 	/s/
Edward Mammone
	 	 	Name:	Edward Mammone
	 	 	Title:	Senior Vice President,
Controller

 

 

	 	MW HOLDINGS III LLC
	 	 
	 	By:	Flavors Holdings, Inc., its sole member
	 	 	 
	 	By:	 	/s/
Edward Mammone
	 	 	Name:	Edward Mammone
	 	 	Title:	Senior Vice President,
Controller

 

 

	 	MAFCO FOREIGN HOLDINGS, INC.
	 	 
	 	By:	 	/s/
Marji Gordon Brown
	 	 	Name:	Marji Gordon-Brown
	 	 	Title:	Associate Tax Counsel

 

[Signature Page to Amendment No. 1 to Sponsor Support Agreement]Exhibit 10.2

 

EXECUTION COPY

 

December 19, 2019

 

	CONFIDENTIAL
	 
	Act II Global Acquisition Corp.
	1345 Avenue of the Americas, 11th Floor
	New York, NY 10105
	Attention: Ira Lamel, Chief Financial Officer

 

Project Taste Commitment Letter

 

Ladies and Gentlemen:

 

Act II Global Acquisition Corp., a Cayman
Islands exempted company (“you” or the “Borrower”), has advised The Toronto-Dominion Bank,
New York Branch (“TDNY”) and TD Securities (USA) LLC (“TDSL”, and together with TDNY, collectively,
 “TD”, “we”, “us” or the “Commitment Parties”), that
you intend to acquire (the “Acquisition”), all of the outstanding equity interests of Merisant Company, a Delaware
corporation (“Merisant”), Mafco Worldwide LLC, a Delaware limited liability company (“Mafco”),
Merisant Luxembourg, Sarl, a Société à responsabilité limitée organized under the Laws of Luxembourg,
Mafco Worldwide LLC, a Delaware limited liability company, Mafco Shanghai LLC, a Delaware limited liability company, EVD Holdings
LLC, a Delaware limited liability company, and Mafco Deutschland GmbH, a private limited company organized under the Laws of Germany
(collectively, and together with Merisant and Mafco, the “Targets”, and together with their subsidiaries, the
 “Acquired Business”), and to consummate the other transactions described in the Transaction Summary attached
hereto as Exhibit A (the “Transaction Summary”). Capitalized terms used but not defined herein are used with
the meanings assigned to them in the Transaction Summary, the Summary of Terms and Conditions attached hereto as Exhibit B (the
 “Term Sheet”), or the Summary of Conditions Precedent to the Credit Facilities attached hereto as Exhibit C
(such Exhibits A, B and C, together with this commitment letter, this “Commitment Letter”).

 

1.       Commitments:
Titles and Roles.

 

We are pleased to advise you that Toronto
Dominion (Texas) LLC (“TDTX”) agrees to act, and you hereby appoint TDTX to act, as administrative agent and
collateral agent (in such capacities, the “Administrative Agent”) for the financial institutions
and other lenders who commit to lend under the Credit Facilities (as defined below) (collectively with TDNY and in their capacities
as such, the “Lenders”) and that TDNY hereby commits to provide 100% of the aggregate principal amount of the
(a) a senior secured term loan facility (the “Term Facility”) in an aggregate principal amount not to exceed
$185.0 million and (b) a $50.0 million senior secured revolving credit facility (the “Revolving Facility” and,
together with the Term Facility, the “Credit Facilities”), upon the terms and subject only to the conditions
set forth in this Commitment Letter.

 

     

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TDSL will act, and you hereby appoint TDSL
to act, as Sole Lead Arranger and Sole Book Runner for the Credit Facilities (in such capacity, the “Lead Arranger”).
In addition, the Lead Arranger shall have “left side” designation and shall appear on the top left of any Information
(as defined below) for the Credit Facilities and all other offering or marketing materials in respect of the Credit Facilities.
Except as set forth below, you agree that no other agents, co-agents or arrangers will be appointed, no other titles will
be awarded and no compensation (other than that expressly contemplated by the Commitment Letter and Fee Letter (as defined below))
will be paid in connection with the Credit Facilities unless you and the Lead Arranger shall so agree. The Lead Arranger agrees
to use commercially reasonable efforts to syndicate each Credit Facility to other Lenders. The Lead Arranger intends, and reserves
the right, to syndicate all or a portion of the Credit Facilities to additional Lenders as more fully described below.

 

Notwithstanding the foregoing, you may,
on or prior to the date which is twenty (20) business days after the date of this Commitment Letter, appoint additional agents,
co-agents, lead arrangers, bookrunners, managers or arrangers (any such agent, co-agent, lead arranger, bookrunner, manager or
arranger, an “Additional Agent”) or confer other titles (other than Administrative Agent or Collateral Agent)
in respect of any Credit Facility in a manner determined by you and the Lead Arranger, and having aggregate economics not in excess
of a proportion to be agreed between the Lead Arranger and you (it being understood that, (x) each such Additional Agent (or its
affiliate) shall assume a proportion of the commitments with respect to such Credit Facility that is equal to the proportion of
the economics allocated to such Additional Agent (or its affiliates), (y) to the extent you appoint Additional Agents or confer
other titles in respect of any Credit Facility, the economics allocated to, and the commitment amounts of, the relevant initial
lenders in respect of such Credit Facility will be proportionately reduced by the amount of the economics allocated to, and the
commitment amount of, such Additional Agent (or its affiliate), in each case upon the execution and delivery by such Additional
Agent of customary joinder documentation acceptable to you and, thereafter, each such Additional Agent shall constitute a “Commitment
Party,” and/or “Lead Arranger”, as applicable, under this Commitment Letter and under the Fee Letter
delivered in connection herewith (the “Fee Letter”)) and (z) in no event shall TDSL and TDNY, as the Commitment
Parties party to this commitment Letter as of the date hereof (the “Initial Commitment Parties”), be entitled
to less than 65% of the aggregate economics of each of the Credit Facilities (exclusive of the annual agency fees set forth in
the Fee Letter).

 

2.       Conditions Precedent.

 

TDNY’s commitments and agreements
and the initial funding of the Credit Facilities on the Closing Date are subject only to the conditions set forth in Exhibit C.

 

Notwithstanding
anything in this Commitment Letter, the Fee Letter or any other letter agreement or other undertaking concerning the
financing of the Transactions to the contrary, (a) the only representations the making and accuracy of which will be a
condition to the availability of the Credit Facilities on the Closing Date will be (i) the representations or warranties made
by or on behalf of the Sellers (as defined in Exhibit A) and/or Acquired Business in the Acquisition Agreement as are
material to the interests of the Lenders (but only to the extent that you or your affiliates have the right to terminate your
or their obligations under the Acquisition Agreement or decline to consummate the Acquisition as a result of a breach of such
representations or warranties in the Acquisition Agreement) (the “Specified Acquisition Representations”)
and (ii) the Specified Representations (as defined below), and (b) the terms of the Credit Documentation (as defined in
Exhibit B) will be such that they do not impair the availability of the Credit Facilities on the Closing Date if the
conditions set forth in Exhibit C hereto are satisfied or waived (it being understood that to the extent any security
interest in the intended collateral (other than any collateral the security interest in which may be perfected by the filing
of a UCC financing statement, the filing of intellectual property security agreements in connection with any material
intellectual property with the United States Patent and Trademark Office and the United States Copyright Office or the
delivery of stock certificates or equivalent instruments together with stock powers or equivalent instruments of transfer
executed in blank) is not provided or perfected on the Closing Date after your use of commercially reasonable efforts to do
so, the perfection of such security interest(s) will not constitute a condition precedent to the availability of the Credit
Facilities on the Closing Date but such security interest(s) will be required to be perfected within 60 days (or such longer
period as the Lead Arranger may reasonably agree in its discretion) after the Closing Date pursuant to arrangements to be
mutually agreed by the Lead Arranger and the Borrower). As used herein, “Specified Representations” means
representations and warranties of the Borrower and the Guarantors (to the extent applicable) relating to legal existence,
good standing, due organization, power and authority as they relate to execution, delivery, and performance of the Credit
Documentation, the due authorization, execution, delivery and enforceability of the Credit Documentation, the Credit
Documentation not conflicting with charter documents, solvency of Borrower and its subsidiaries on a consolidated basis as of
the Closing Date after giving effect to the Transactions, Federal Reserve margin regulations, Investment Company Act,
Beneficial Ownership Certification and Patriot Act, and, subject to the limitations on provision and perfection of security
interests set forth in the preceding sentence, creation, validity, priority (subject to liens (a) permitted under the Credit
Documentation or (b) securing indebtedness to be refinanced in full and to be released concurrently with the initial funding
of the Credit Facilities on terms satisfactory to the Lead Arranger) and perfection of security interests granted in the
proposed collateral, and with respect to use of proceeds of the Credit Facilities, FCPA, OFAC, and other applicable
anti-corruption, anti-bribery, anti-terrorism and sanctions laws. This paragraph is referred to as the “Certain
Funds Provision”.

 

     

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As consideration for the commitment of TDNY
hereunder and the agreement of each Commitment Party and the Administrative Agent to perform the services described herein, you
agree to pay or to cause to be paid the fees described in the Commitment Letter and the Fee Letter on the terms and subject to
the conditions set forth herein.

 

3.       Syndication.

 

As noted above, we intend to form a
syndicate of Lenders to join TDNY in entering into the Credit Facilities at or after closing. You understand and agree that
we intend to commence syndication efforts promptly after your execution and delivery of this letter. You agree that we will,
in consultation with you, manage all aspects of the arrangement and syndication of the Credit Facilities, including decisions
as to the selection of institutions to be approached, when they will be approached, when their commitments will be accepted,
the allocation of the aggregate commitment among the Lenders, the awarding of titles and the distribution of compensation
among the Lenders; provided that we shall not syndicate the Credit Facilities to (1) any person or financial
institution identified by you to us in writing prior to the date hereof and any of such person’s or institutions
affiliates that are clearly identifiable as such by their name, (2) any other person that is a competitor of the Borrower or
any of its subsidiaries designated by the Borrower as a “Competitor” by written notice delivered to the
Administrative Agent from time to time and any of such person’s or institutions affiliates that are clearly
identifiable as such by their name (each such excluded entity, a “Disqualified Institution”); provided
further that, (i) to the extent persons are identified as a Disqualified Institution in writing by you or the Borrower to
the Administrative Agent after the date hereof pursuant to clause (2) above, such designation shall become effective three
business days thereafter and the inclusion of such persons as Disqualified Institution shall not retroactively apply to
disqualify any persons that have previously acquired an assignment or participation in the Credit Facilities; provided
further, that the term “Disqualified Institution” shall exclude any person that you or the Borrower have
designated as no longer being a “Disqualified Institution” by written notice delivered to us from time to time
and (ii) neither the Administrative Agent or the Lead Arranger, (a) shall be responsible or have any liability for, or have
any duty to ascertain, inquire into, monitor or enforce compliance with, the provisions of the Credit Documentation relating
to Disqualified Institutions or (b) shall have any liability with respect to or arising out of any assignment or
participation of any loan or commitment, or disclosure of confidential information, to any Disqualified Institution.

 

     

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We intend to syndicate each of the Credit
Facilities, prior to or after the execution of definitive documentation in respect of each such Credit Facility, to other Lenders;
provided that, notwithstanding our right to syndicate the Credit Facilities and receive commitments with respect thereto,
it is agreed that any syndication of, or receipt of commitments in respect of, all or any portion of TDNY’s commitments hereunder
prior to the initial funding under the Credit Facilities shall not be a condition to our commitments nor reduce TDNY’s commitments
hereunder with respect to any of the Credit Facilities (provided, however, that, notwithstanding the foregoing, assignments
of TDNY’s commitments, which are effective simultaneously with the funding of such commitments by the assignee, shall be
permitted).

 

You agree to
actively assist us, and agree to use commercially reasonable efforts to cause the Targets to actively assist us, in forming
the syndicate of Lenders (other than any Disqualified Institutions) that is reasonably satisfactory to us and you until the
date that is the earlier of (i) a Successful Syndication (as defined in the Fee Letter) and (ii) 60 days after the Closing
Date (such period, the “Syndication Period”). During the Syndication Period, such assistance shall
include, without limitation: (i) with respect to the Credit Facilities, assistance in the preparation of a confidential
information memorandum and other marketing materials to be used in the syndication of each such Credit Facility, including
the delivery of all financial and other information reasonably requested by us for inclusion in such memorandum and materials
(collectively, the “Confidential Information Memoranda”), (ii) providing us with all financial and other
information (including financial estimates, financial models, forecasts and other forward-looking information, the
 “Projections”), prepared by you or your advisors relating to you, the Targets, your and their respective
subsidiaries and the transactions described herein, all as reasonably requested by us, including a business plan for fiscal
years 2020 through 2024, and updated as may be reasonably requested by us through the closing of the Credit Facilities, it
being understood by you that we shall be relying on such information and Projections in syndicating and arranging the Credit
Facilities, (iii) the presentation of one or more information packages reasonably acceptable in format and content to the
Lead Arranger (collectively, the “Lender Presentation”) in meetings and other communications with
prospective Lenders or agents in connection with the syndication of the Credit Facilities (including, without limitation,
direct contact between and meetings with senior management and representatives, with appropriate seniority and expertise, of
the Borrower and the use of commercially reasonable efforts to provide direct contact between and meetings with senior
management and representatives, with appropriate seniority and expertise, of the Acquired Business), (iv) using commercially
reasonable efforts to ensure that the syndication benefits from the existing lending relationships of the Borrower and, to
the extent practical and appropriate, the Acquired Business, (v) hosting, with us, one or more meetings with prospective
Lenders under each of the Credit Facilities at reasonable times, dates and locations to be mutually agreed upon (and using
your commercially reasonable efforts to cause the senior management of the Acquired Business to be available for such
meetings), (vi) providing us with copies of all due diligence reports or summaries reasonably requested by us and available
to you and prepared in connection with the Acquisition by legal, insurance, tax, accounting or other advisors, each subject
to the delivery by us to you and the preparers of such reports of customary non-disclosure and non-reliance agreements as
shall be reasonably requested, (vii) at least five business days prior to the Closing Date, delivering to us for posting to
the proposed syndicate of Lenders a copy of each credit agreement in respect of the Credit Facilities in the respective forms
agreed by us and the Borrower and (viii) promptly providing us with any other information reasonably requested by us to
successfully complete the syndication. You will be solely responsible for the contents of the Confidential Information
Memoranda and all other information, documentation or materials delivered to either Commitment Party in connection therewith
(collectively, the “Information”) and acknowledge that each Commitment Party will be using and relying
upon the Information without independent verification thereof. You agree that Information regarding the Credit Facilities and
Information provided by you, the Acquired Business or your or their respective representatives to either Commitment Party in
connection with the Credit Facilities (including, without limitation, draft and execution versions of the Credit
Documentation, the Confidential Information Memoranda and the Lender Presentation) may be disseminated to potential Lenders
and other persons through one or more internet sites (including a Debtdomain, IntraLinks, SyndTrak or other electronic
workspace (the “Platform”)) created for purposes of syndicating the Credit Facilities or otherwise, in
accordance with the Lead Arranger’s standard syndication practices, and you acknowledge that neither the Lead Arranger
nor any of its affiliates will be responsible or liable to you or any other person or entity for damages arising from the use
by others of any Information or other materials obtained on the Platform.

 

     

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Notwithstanding anything to the contrary
contained in this Commitment Letter or the Fee Letter, neither the commencement nor the completion of the syndication of the Credit
Facilities shall constitute a condition precedent to the availability and initial funding of the Credit Facilities on the Closing
Date.

 

To facilitate an orderly and
successful syndication of the Credit Facilities, you agree that during the Syndication Period you will not, and you will use
commercially reasonable efforts to cause each Target not to syndicate or issue, attempt to syndicate or issue, announce or
authorize the announcement of the syndication or issuance of, any debt facility or any debt or equity security of the
Acquired Business, the Borrower or any of your or their respective subsidiaries or affiliates of the Borrower (other than (x)
the Credit Facilities and other indebtedness contemplated hereby to remain outstanding after the Closing Date and (y) any
extension of the maturity of any of the existing indebtedness under Existing Credit Agreements (as defined in the Acquisition
Agreement)), including any renewals or refinancings of any existing debt facility or debt security, without the prior written
consent of the Lead Arranger, if such syndication or issuance, in the reasonable opinion of the Lead Arranger, would
reasonably be expected to impair the primary syndication of the Credit Facilities in any material respect; provided that, on
or prior to the date of mailing by the SPAC of the definitive proxy statement in respect of the Proxy Process, following
prior written notice thereof to the Lead Arranger and without limiting the “alternate transaction fee” language
in the Fee Letter, you shall be entitled to take the foregoing actions with respect to a “term loan B” or debt
securities financing of the Acquisition. You acknowledge and agree to the disclosure by us, after the execution of the Credit
Agreement, of information related to the Credit Facilities to “Gold Sheets” and other similar trade publications,
and to our publication of tombstones and similar advertising materials relating to the Credit Facilities. The information
disclosed shall consist of deal terms and other information customarily found in such publications, tombstones and
advertising materials.

 

     

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Notwithstanding the Lead Arranger’s
right to syndicate the Credit Facilities, (other than as set forth in Section 1 above with respect to Additional Agents) no initial
lender shall be relieved or released from its commitment hereunder prior to the funding thereof on the Closing Date in connection
with any syndication, assignment or participation of such Credit Facilities.

 

You acknowledge that certain of the Lenders
may be “public side” Lenders (i.e. Lenders that do not wish to receive material non-public information with respect
to you, the Targets or your or their respective affiliates or any of your or their respective securities) (each, a “Public
Lender”). At the request of the Lead Arranger, you agree to prepare an additional version of the Confidential Information
Memoranda for the Credit Facilities, the Lender Presentation and other information materials to be used by Public Lenders that
do not contain material non-public information concerning you, the Targets or your or their respective affiliates or securities.
It is understood that in connection with your assistance described above, you will provide, and cause all other applicable persons
to provide, customary authorization letters to the Lead Arranger authorizing the distribution of the Information to prospective
Lenders, containing a representation to the Lead Arranger that the public-side version does not include material non-public information
about you, the Targets or your or their respective affiliates or your or their respective securities. In addition, you will clearly
designate as such all Information provided to either Commitment Party and the Administrative Agent by or on behalf of you or the
Acquired Business that is suitable to make available to Public Lenders. You acknowledge and agree that the following documents
may be distributed to Public Lenders: (a) drafts and final versions of the Credit Documentation; (b) administrative materials prepared
by the Lead Arranger for prospective Lenders (such as a lender meeting invitation, allocations and funding and closing memoranda);
and (c) term sheets and notification of changes in the terms of the Credit Facilities. You agree that information materials made
available to prospective Public Lenders in accordance with this Commitment Letter shall not contain material non-public information.

 

4.       Information.

 

You represent and warrant that (in
each case, to your knowledge based on reasonable investigation with respect to the Targets and the Acquired Business) (i) all
Information (other than Projections) provided directly or indirectly by or on behalf of you or any of your representatives or
the Acquired Business to the Lead Arranger or the Lenders, any prospective Lender or any of their affiliates in connection
with the transactions contemplated hereunder when furnished is and will be, when taken as a whole, complete and correct in
all material respects and does not and will not contain any untrue statement of a material fact or omit to state a material
fact necessary to make the statements contained therein not misleading and (ii) the Projections that have been or will be
made available to the Lead Arranger or the Lenders by or on behalf of you or any of your representatives, the Acquired
Business when furnished have been and will be prepared in good faith based upon assumptions that are believed by the preparer
thereof to be reasonable at the time such Projections are furnished to the Lead Arranger or the Lenders, it being understood
and agreed that Projections are not a guarantee of financial performance and actual results may differ from Projections and
such differences may be material. You agree that if at any time during the Syndication Period, any of the representations and
warranties in the preceding sentence would be incorrect in any material respect if the Information and Projections were being
furnished, and such representations were being made, at such time, then you will promptly supplement, or cause to be
supplemented, the Information and Projections so that such representations and warranties will be true and correct under
those circumstances. You agree that upon the written reasonable request of the Lead Arranger during the Syndication Period,
you will provide updated Projections and will respond to requests for updated information; provided that no information in
such updates shall affect the availability of the financing on the Closing Date absent a failure in the conditions set forth
in Section 2 or Exhibit C. In issuing this commitment and in arranging and syndicating each of the Credit Facilities, each
Commitment Party is and will be using and relying on the Information and the Projections without independent verification
thereof.

 

     

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5.       Indemnification
and Related Matters.

 

You agree,
whether or not the transactions contemplated hereby are closed, to indemnify and hold harmless TDTX, the Commitment Parties,
their affiliates, and each of their respective directors, officers, shareholders, partners, employees, agents, advisors,
legal counsel, consultants, controlling persons and other representatives and the successors and assigns of each of the
foregoing (collectively, the “Indemnified Parties”) from and against (and will reimburse each Indemnified
Party as the same are incurred (or, in the case of expenses of external counsel, within thirty days of demand)) any and all
claims and documented out-of-pocket losses, damages, costs, expenses (including, without limitation, the reasonable and
documented or invoiced out-of-pocket legal expenses of one firm of external counsel for all such Indemnified Parties, taken
as a whole, of a single regulatory counsel and of a single local external counsel in each jurisdiction (which may include a
single special external counsel acting in multiple jurisdictions) for all such Indemnified Parties, taken as a whole (and, in
the case of an actual conflict of interest where the Indemnified Party affected by such conflict informs you of such conflict
and thereafter retains its own counsel, of another firm of counsel for such affected Indemnified Party)) and liabilities
(collectively, such losses, claims, damages, costs, expenses and liabilities “indemnified
liabilities”) to which any of them may become subject, insofar as such indemnified liabilities (or actions,
suits, or proceedings, including any inquiry or investigation or claim, in respect thereof) arise out of, in any way relate
to, or result from a claim in respect of, this Commitment Letter or the Fee Letter, the financing contemplated hereby, or the
transactions to be financed (whether or not any Indemnified Party is a party to any action or proceeding out of which any
such indemnified liabilities arise and whether or not any action or proceeding out of which any such indemnified liabilities
arise are brought by you, your equity holders, affiliates, creditors, the Targets or any other third person), and to
reimburse each Indemnified Party upon demand for any legal or other expenses incurred in connection with investigating or
defending any of the foregoing, provided that you shall not be obligated to indemnify, hold harmless or reimburse any
Indemnified Party for any indemnified liabilities to the extent that the same are determined in a final judgment by a court
of competent jurisdiction to have resulted from the gross negligence or willful misconduct or material breach of its
obligations hereunder of such Indemnified Party or any of its affiliates under common control. If the Closing Date occurs,
you also agree to reimburse us promptly on demand for all reasonable and documented out-of-pocket costs and expenses
(including, without limitation, due diligence expenses, syndication expenses, travel expenses, and reasonable fees, charges
and disbursements of one external counsel to the Lead Arranger, a single regulatory counsel and of a single local counsel to
the Lead Arranger in each jurisdiction (which may include a single special counsel acting in multiple jurisdictions) and of
such other external counsel retained with your prior written consent (such consent not to be unreasonably withheld or
delayed)) incurred in connection with the Transactions, the Credit Facilities and the syndication and administration thereof
(including, without limitation, all such costs and expenses incurred in connection with the preparation, negotiation,
execution and delivery of this Commitment Letter and the Fee Letter and the definitive financing documentation for the Credit
Facilities and in performing due diligence related to the Credit Facilities) and the other transactions contemplated hereby.
Such costs and expenses shall include, without limitation, costs and expenses incurred in connection with the establishment
and maintenance of an internet site to be used in the syndication of the Credit Facilities.

 

     

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Notwithstanding any other provision of this
Commitment Letter, (i) no Indemnified Party shall be liable for any damages arising from the use by others of information or other
materials obtained through internet, electronic, telecommunications or other information transmission systems, except to the extent
that such damages are found by a final judgment of a court of competent jurisdiction to have resulted from the willful misconduct
or gross negligence of such Indemnified Party, and (ii) without limiting the indemnification and reimbursement obligations set
forth above, none of us, you, or any Indemnified Party shall be liable for any indirect, special, punitive, exemplary or consequential
damages (including, without limitation, any loss of profits, business or anticipated savings) in connection with this Commitment
Letter, the Fee Letter, the Transactions (including the Credit Facilities and the use of proceeds thereunder), or with respect
to any activities related to the Credit Facilities, including the preparation of this Commitment Letter, the Fee Letter and the
Credit Documentation; provided that nothing contained in this sentence shall limit your indemnification obligations to the extent
set forth hereinabove to the extent such indirect, special, punitive, exemplary or consequential damages are included in any third
party claim in connection with which such indemnified person is entitled to indemnification hereunder.

 

You shall not be liable for any settlement
of any proceeding effected without your written consent (which consent shall not be unreasonably withheld, conditioned or delayed),
but if settled with your written consent or if there is a final and non-appealable judgment by a court of competent jurisdiction
for the plaintiff in any such proceeding, in each case, you agree to indemnify and hold harmless each Indemnified Party from and
against any and all losses, claims, damages, liabilities and expenses by reason of such settlement or judgment in accordance with
and to the extent provided in the other provisions of this Section 5.

 

You shall not, without the prior written
consent of any Indemnified Party (which consent shall not be unreasonably withheld or delayed), effect any settlement of any pending
or threatened proceedings in respect of which indemnity could have been sought hereunder by such Indemnified Party unless such
settlement (i) includes an unconditional release of such Indemnified Party in form and substance reasonably satisfactory to such
Indemnified Party from all liability or claims that are the subject matter of such proceedings and (ii) does not include any statement
as to or any admission by or on behalf of any Indemnified Party.

 

     

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6.       Confidentiality.

 

Please note that
this Commitment Letter, the Fee Letter and any written communications provided by, or oral discussions with, TDTX or the
Commitment Parties in connection with this arrangement are exclusively for your information and for the information of your
officers, directors, agents and advisors who are directly involved in the Transactions, on a confidential basis, and may not
be disclosed to any other third party or circulated or referred to publicly without our prior written consent except, after
providing written notice to the Lead Arranger, pursuant to a subpoena or order issued by a court of competent jurisdiction or
by a judicial, administrative or legislative body or committee; provided that we hereby consent to your
disclosure of (i) this Commitment Letter or the information contained herein (but not the Fee Letter or the information
contained therein, except to the extent that portions thereof have been redacted in a manner reasonably acceptable to the
Lead Arranger) to the Targets and Sellers to the extent you notify the Targets and Sellers of their obligations to keep such
material confidential, and to the Targets’ and Sellers’ respective officers, directors, agents and advisors who
are directly involved in the transactions described in the Transaction Summary, (ii) this Commitment Letter and the Fee
Letter as required by applicable law or compulsory legal process, including to the extent required under applicable
securities laws or by the United States Securities and Exchange Commission (in each case, you agree, to the extent not
prohibited by law, to inform us in advance thereof), (iii) this Commitment Letter and its contents (but not the Fee Letter),
in any syndication or other marketing materials in connection with the Credit Facilities, (iv) the aggregate fee amount
contained in the Fee Letter as part of Projections, pro forma information or a generic disclosure of aggregate sources and
uses related to the Transactions to the extent customary or required in offering and marketing materials for the Credit
Facilities, and (v) any such confidential information to the extent that such information becomes publicly available other
than by reason of disclosure by you in violation of this paragraph. The requirements of this paragraph shall terminate on the
date that is the earlier of (i) two years after the date of execution of this Commitment Letter and (ii) the Closing Date, at
which time any confidentiality undertaking in the Credit Documentation shall supersede the provisions of this paragraph.

 

Each Commitment
Party shall use all confidential information received by it in connection with the Transaction solely for the purposes of
providing the services that are the subject of this Commitment Letter and shall treat confidentially all such information;
provided, however, that nothing herein shall prevent any Commitment Party from disclosing any such information (a) pursuant
to the order of any court or administrative agency or otherwise as required by applicable law or regulation or as requested
or demanded by a governmental authority (in which case such Commitment Party, to the extent practicable and permitted by law
and except with respect to any audit or examination conducted by bank accountants or any governmental bank authority
exercising examination or regulatory authority, agrees to inform you promptly thereof), (b) to the extent that such
information becomes publicly available other than by reason of disclosure by such Commitment Party in violation of this
paragraph, (c) to the extent that such information is received by such Commitment Party from a third party that is not to
such Commitment Party’s knowledge subject to confidentiality obligations to you, (d) to the extent that such
information is independently developed by such Commitment Party, (e) to such Commitment Party’s affiliates and to such
Commitment Party’s and its affiliates’ respective directors, officers, shareholders, partners, employees, legal
counsel, consultants, advisors, independent auditors and other experts or agents who need to know such information in
connection with the Transactions and are informed of the confidential nature of such information and are bound to maintain
the confidentiality of such information, (f) to prospective Lenders, participants or assignees or any potential counterparty
(or its advisors) to any swap or derivative transaction relating to the Borrower or any of its subsidiaries or any of your or
their respective obligations, in each case who agree to be bound by the terms of this paragraph (or language substantially
similar to this paragraph), (g) for purposes of establishing a “due diligence” defense or a defense against a
claim that a Commitment Party has breached its confidentiality obligations or (h) in protecting and enforcing the Commitment
Parties’ rights with respect to this Commitment Letter, the Fee Letter or the Credit Documentation. The requirements of
this paragraph shall terminate on the date that is the earlier of (i) two years after the date of execution of this
Commitment Letter and (ii) the Closing Date, at which time any confidentiality undertaking in the Credit Documentation shall
supersede the provisions of this paragraph.

 

     

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7.       Assignments.

 

This Commitment Letter shall not be assignable
by you without the prior written consent of each Commitment Party (and any purported assignment without such consent shall be null
and void). This Commitment Letter and the commitments and undertakings hereunder are solely for your benefit, and only you may
rely thereon. The Commitment Letter is not intended to confer any benefits upon, or create any rights in favor of, any person other
than the parties hereto (and any Indemnified Parties). In no event shall TDNY, TDTX or the Lead Arranger have any obligation to
any third party with respect to any provision of this Commitment Letter or the Fee Letter. Each Commitment Party may assign its
commitment hereunder, in whole or in part, to any of its affiliates or to any Lender; provided that such Commitment Party
(a) shall not be released from the portion of its commitment hereunder so assigned to the extent such assignee fails to fund the
portion of the commitment assigned to it on the Closing Date notwithstanding the satisfaction of the conditions to such funding
set forth herein and (b) at all times shall retain exclusive control over all of its rights and obligations with respect to its
commitments in respect of the Credit Facilities, including all rights with respect to consents, modifications, supplements, waivers
and amendments, until the Closing Date has occurred.

 

8.       Absence of Fiduciary
Relationship; Affiliates; Etc.

 

As you know,
TDSL, TDNY, TDTX and their affiliates (collectively, the “TD Group”) together comprise a full service
financial services firm engaged, either directly or through affiliates, in various activities, including securities trading,
investment banking and financial advisory, investment management, principal investment, hedging, financing and brokerage
activities and financial planning and benefits counseling for both companies and individuals. In the ordinary course of these
activities, the TD Group may make or hold a broad array of investments and actively trade debt and equity securities (or
related derivative securities) and/or financial instruments (including bank loans) for its own account and for the accounts
of its customers and may at any time hold long and short positions in such securities and/or instruments. Such investments
and other activities may involve securities and instruments of you, the Targets, as well as of other entities and persons and
your and their affiliates that may (i) be involved in transactions arising from or relating to the engagement contemplated by
this Commitment Letter, (ii) be customers or competitors of the Borrower or the Targets, or (iii) have other relationships
with the Borrower or the Targets. In addition, the TD Group may provide investment banking, underwriting and/or financial
advisory services to such other entities and persons. The TD Group may also co-invest with, make direct investments in,
and/or invest or co-invest client monies in or with funds or other investment vehicles managed by other parties, and such
funds or other investment vehicles may trade or make investments in securities of you, the Targets or such other entities.
The transactions contemplated by this Commitment Letter may have a direct or indirect impact on the investments, securities
and instruments referred to in this paragraph. Although the TD Group in the course of such other activities and relationships
may acquire information about the transaction contemplated by this Commitment Letter or other entities and persons that may
be the subject of the transactions contemplated by this Commitment Letter, the TD Group shall have no obligation to disclose
such information, or the fact that the TD Group is in possession of such information, to the Borrower or to use such
information on the Borrower’s behalf.

 

     

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Consistent with the TD Group’s policies
to hold in confidence the affairs of its customers, the TD Group will not furnish confidential information obtained from you by
virtue of the transactions contemplated by this Commitment Letter to any of its other customers. Furthermore, you acknowledge that
no member of the TD Group nor any of its affiliates has an obligation to use in connection with the transactions contemplated by
this Commitment Letter, or to furnish to you, confidential information obtained or that may be obtained by them from any other
person.

 

The TD Group may have economic interests
that conflict with those of you, your equity holders and/or your affiliates. You agree that each Commitment Party will act under
this Commitment Letter as an independent contractor and that nothing in this Commitment Letter or the Fee Letter or otherwise will
be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between either Commitment
Party and you, your equity holders or your affiliates. You acknowledge and agree that the transactions contemplated by this Commitment
Letter and the Fee Letter (including the exercise of rights and remedies hereunder and thereunder) are arm’s-length commercial
transactions between each applicable Commitment Party, on the one hand, and you and your affiliates, on the other, and in connection
therewith and with the process leading thereto, (i) neither Commitment Party has assumed any advisory or fiduciary responsibility
in favor of you, your equity holders or your affiliates 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 such Commitment Party or any of
affiliates has advised, is currently advising or will advise you, your equity holders or your affiliates on other matters) or any
other obligation to you, your equity holders or your affiliates or any other person except the obligations expressly set forth
in this Commitment Letter and the Fee Letter and (ii) each Commitment Party is acting solely as a principal and not as the agent
or fiduciary of you, your management, equity holders, affiliates, creditors or any other person. You acknowledge and agree that
you have consulted your own legal and financial advisors to the extent you deem appropriate and that you are responsible for making
your own independent judgment with respect to such transactions and the process leading thereto. You agree that you will not claim
that the either Commitment Party has rendered advisory services of any nature or respect, or owes a fiduciary or similar duty to
you, in connection with such transactions or the process leading thereto. In addition, TDNY, TDTX and TDSL may employ the services
of their affiliates in providing services and/or performing their obligations hereunder and may exchange with such affiliates information
concerning you, the Acquired Business and other companies that may be the subject of this arrangement, and such affiliates will
be entitled to the benefits afforded to TDNY, TDTX and TDSL hereunder.

 

In addition, you each acknowledge and
agree that neither Commitment Party is advising you as to any legal, tax, investment, accounting or regulatory matters in any
jurisdiction. You shall consult with your own advisors concerning such matters and shall be responsible for making your own
independent investigation and appraisal of the transactions contemplated hereby, and neither of the Commitment Parties shall
have any responsibility or liability to you with respect thereto. Any review by TDNY, TDTX or the Lead Arranger of the
Borrower, of the transactions contemplated hereby or other matters relating to such transactions will be performed solely for
the benefit of TDNY, TDTX, the Lead Arranger and their affiliates and shall not be on your behalf. Notwithstanding anything
herein to the contrary, you (and each of your employees, representatives or other agents) may disclose to any and all
persons, without limitation of any kind, the tax treatment and tax structure of the Credit Facilities and all materials of
any kind (including opinions or other tax analyses) that are provided to you relating to such tax treatment and tax
structure. However, any information relating to the tax treatment or tax structure will remain subject to the confidentiality
provisions hereof (and the foregoing sentence will not apply) to the extent reasonably necessary to enable the parties
hereto, their respective affiliates, and their respective affiliates’ directors and employees to comply with applicable
securities laws. For this purpose, “tax treatment” means U.S. federal or state income tax treatment, and
 “tax structure” is limited to any facts relevant to the U.S. federal income tax treatment of the transactions
contemplated by this Commitment Letter but does not include information relating to the identity of the parties hereto or any
of their respective affiliates.

 

     

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9.       Miscellaneous.

 

By executing this Commitment Letter, you
acknowledge that this Commitment Letter and the Fee Letter, taken together, are the only agreement between you and us with respect
to the Credit Facilities and set forth our entire understanding with respect thereto. This Commitment Letter and the Fee Letter
may be changed only by a writing signed by each of the parties thereto. This Commitment Letter may be executed in counterparts
and by different parties on separate counterpart signature pages, each of which constitutes an original and all of which taken
together constitute one and the same agreement. Delivery of a counterpart hereof by facsimile transmission or by e-mail transmission
of an Adobe portable document format file (also known as a “PDF” file) shall be effective as delivery of a manually
executed counterpart hereof.

 

The provisions set forth under Sections
3 (Syndication), 4 (Information), 5 (Indemnification and Related Matters), 6 (Confidentiality), 7 (Assignments) and 8 (Absence
of Fiduciary Relationship; Affiliates; Etc.) hereof and this Section 9 (Miscellaneous) hereof will remain in full force and effect
regardless of whether definitive Credit Documentation is executed and delivered; provided that the provisions of Sections
3 and 4 shall automatically terminate on the expiration of the Syndication Period. The provisions set forth under Sections 5, 6,
7 and 8 hereof and this Section 9 will remain in full force and effect notwithstanding the expiration or termination of this Commitment
Letter or the Commitment Parties’ commitments and agreements hereunder.

 

This Commitment Letter and the Fee Letter
and any claim, controversy or dispute arising thereunder or related thereto (whether based upon contract, tort or otherwise) shall
be governed by, and construed in accordance with, the laws of the State of New York without regard to the conflict of law principles
thereof. Each party hereto consents to the exclusive jurisdiction and venue of any Federal court of the United States of America
sitting in the Borough of Manhattan or, if that court does not have subject matter jurisdiction, in any state court located in
the City and County of New York. Each party hereto irrevocably waives, to the fullest extent permitted by applicable law, (a) any
right it may have to a trial by jury in any legal proceeding arising out of or relating to this Commitment Letter, the Fee Letter
or the transactions contemplated hereby or thereby (whether based on contract, tort or any other theory) and (b) any objection
that it may now or hereafter have to the laying of venue of any such legal proceeding in the Federal Court of the United States
of America sitting in the Borough of Manhattan or any state court located in the City and County of New York. You and we irrevocably
agree to waive trial by jury in any suit, action, proceeding, claim or counterclaim brought by or on behalf of any party related
to or arising out of the transactions described herein, this Commitment Letter or the Fee Letter or the performance of services
hereunder.

 

     

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Each of the Commitment Parties hereby notifies
you that, pursuant to the requirements of the USA PATRIOT Act, Title III of Pub. L. 107-56 (signed into law on October 26, 2001)
(the “PATRIOT Act”) and 31 C.F.R. §1010.230 (the “Beneficial Ownership Regulation”),
it and each of the Lenders is required to obtain, verify and record information that identifies the Borrower and each Guarantor
(as defined in Exhibit B), which information includes names, addresses, tax identification numbers and other information that will
allow such Commitment Party to identify the Borrower and each Guarantor in accordance with the PATRIOT Act and the Beneficial Ownership
Regulation. This notice is given in accordance with the requirements of the PATRIOT Act and the Beneficial Ownership Regulation
and is effective for the Commitment Parties and each Lender.

 

Each of the parties hereto agrees that (i)
this Commitment Letter is a binding and enforceable agreement (subject to the effects of bankruptcy, insolvency, fraudulent conveyance,
reorganization and other similar laws relating to or affecting creditors’ rights generally and general principles of equity
(whether considered in a proceeding in equity or law)) of the parties hereto with respect to the subject matter contained herein,
including an agreement to negotiate in good faith the Credit Documentation by the parties hereto in a manner consistent with this
Commitment Letter (but our commitments hereunder are subject to the satisfaction (or waiver in writing by the Lead Arranger) of
the conditions precedent as provided herein, including but not limited to execution of definitive Credit Documentation) and (ii)
the Fee Letter is a binding and enforceable agreement (subject to the effects of bankruptcy, insolvency, fraudulent conveyance,
reorganization and other similar laws relating to or affecting creditors’ rights generally and general principles of equity
(whether considered in a proceeding in equity or law)) of the parties thereto with respect to the subject matter contained therein.

 

The commitment of TDNY (and any of its affiliates)
to extend credit and any undertaking of TDTX as the Administrative Agent or of TDSL as the Lead Arranger to perform any services
hereunder shall terminate upon the earliest to occur of: (i) the consummation of the Acquisition with or without the funding of
any of the Credit Facilities, (ii) the termination of the Acquisition Agreement prior to closing of the Acquisition in accordance
with its terms, (iii) the execution of a binding commitment to provide a “term loan b” facility in lieu of the Credit
Facilities and (iv) 5:00 p.m. (New York time) on June 30, 2020, in each case unless the closing of the Credit Facilities has been
consummated on or before such date on the terms and subject to the conditions contained herein.

 

Please confirm that the foregoing is in
accordance with your understanding by signing and returning to us the enclosed copy of this Commitment Letter, together, if not
previously executed and delivered, with the Fee Letter on or before 5:00 p.m. (New York time) on December 20, 2019, whereupon this
Commitment Letter and the Fee Letter will become binding agreements between us. If the Commitment Letter and Fee Letter have not
been signed and returned as described in the preceding sentence by such date, this offer will terminate on such date.

 

     

     

    

 

We are pleased to offer these Credit Facilities
to you and are prepared to devote the necessary resources to this transaction to ensure an expeditious closing.

 

	 	Very truly yours,

 

 

	 	THE
TORONTO-DOMINION BANK, NEW YORK BRANCH

 

 

	 	By	 	/s/ Jeff
    Paterson
	 	 	 	Name:    Jeff Paterson
	 	 	 	Title:      Managing Director

 

 

	 	TORONTO DOMINION (TEXAS)
    LLC

 

 

	 	By	 	/s/ Jeff Paterson
	 	 	 	Name:   Jeff Paterson
	 	 	 	Title:     Managing Director

 

 

	 	TD
    SECURITIES (USA) LLC

 

 

	 	By	 	/s/ Alper llgar
		 	 	Name:   K. Alper llgar
	 	 	 	Title:     Managing Director

 

     

     

    

 

	Aceepted and agreed to this 19th day of December, 2019
	 	 
	ACT II GLOBAL ACQUISITION CORP.

 

	 	 
	By	 /s/ Ira J. Lamel	 
	 	Name:   Ira J. Lamel	 
	 	Title:    Chief Financial Officer	 

 

     

     

    

 

EXHIBIT A

 

TRANSACTION SUMMARY1

 

Capitalized terms used but not defined in
this Exhibit A shall have the meanings set forth in the Commitment Letter to which this Exhibit A is attached and
in Exhibits B and C thereto.

 

ACT II GLOBAL ACQUISITION CORP., a Cayman
Islands exempted company (the “SPAC” or the “Borrower”), intends to (i) acquire all of the
direct or indirect issued and outstanding equity interests of MERISANT COMPANY, a Delaware corporation (“Merisant”),
MERISANT LUXEMBOURG, Sarl, a Société à responsabilité limitée organized under the Laws of Luxembourg
(“Merisant Luxembourg”), MAFCO WORLDWIDE LLC, a Delaware limited liability company (“Mafco Worldwide”),
MAFCO SHANGHAI LLC, a Delaware limited liability company (“Mafco Shanghai”), EVD HOLDINGS LLC, a Delaware limited
liability company (“EVD Holdings”), and MAFCO DEUTSCHLAND GmbH, a private limited company organized under the
Laws of Germany (“Mafco Germany” and, collectively, the “Transferred Entities” and the Transferred
Entities together with the direct and indirect subsidiaries of the Transferred Entities, excluding any entity dissolved or transferred
pursuant to the terms of the Acquisition Agreement (as defined below) prior to the Closing Date, the “Targets”),
from FLAVORS HOLDINGS INC., a Delaware corporation (“Flavors Holdings”), MW HOLDINGS I LLC, a Delaware limited
liability company (“MW Holdings I”), MW HOLDINGS III LLC, a Delaware limited liability company (“MW
Holdings III,” and together with MW Holdings I, the “MW Holdings Entities,” and MAFCO FOREIGN HOLDINGS,
INC., a Delaware corporation (“Mafco Foreign Holdings” and collectively with the MW Holdings Entities and Flavors
Holdings, the “Sellers”), pursuant to a Purchase Agreement, dated as of December 19, 2019, among the Sellers
and the SPAC (together with all exhibits, schedules and disclosure letters thereto, the “Acquisition Agreement”)
and (ii) acquire, for no additional consideration, all rights, title and interests in and to the assets and liabilities of Mafco
Foreign Holdings listed in Section 2.1 of the Sellers Disclosure Schedule (as defined in the Purchase Agreement) (the transactions
described in clauses (i) and (ii) collectively the “Acquisition”).

 

The SPAC was formed for the purpose of effecting
a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses
or entities (a “Business Combination”), and in connection therewith, the SPAC now seeks to consummate the Acquisition.
The SPAC is required, by the terms of its documents of incorporation, after signing the Acquisition Agreement (which constitutes
the definitive agreement for the Business Combination) to submit the Acquisition to its shareholders for approval (the “Proxy
Process”) at a meeting called for such purpose and thereafter, any shareholder of the SPAC holding Class A ordinary shares,
par value $0.0001 per share (“Class A ordinary shares”) that was not a founding shareholder, officer or director
may elect to have their Class A ordinary shares redeemed, regardless of whether they vote for or against the Acquisition, for cash
at a per share price equal to the aggregate amount then on deposit in the SPAC’s trust account (the “Trust Account”)
calculated as of two business days prior to the consummation of the Acquisition, including interest
but less income taxes payable divided by the number of then issued Class A ordinary shares. 

 

 

1 NTD: to be updated based on
proposed acquisition structure and the possible addition of a US or Cayman-incorporated intermediate holdco immediately below the
SPAC, which will hold all of the equity of the Acquired Business (directly or indirectly), as well as the possible addition of
a US holding company directly beneath intermediate holdco. 

 

    	 	Exh. A-1	 

    
 

    

 

 

In connection with the foregoing, it is intended that:

 

(a)       prior
to, or concurrently with, the execution and delivery by the SPAC of the Commitment Letter, the SPAC has obtained commitments from
(i) Act II Sponsor LLC, a Delaware limited liability company to not have its equity interests in the SPAC (such equity interests,
the “Founder Share Value”) redeemed as part of the Acquisition and to vote its shares in favor of the Acquisition,
and (ii) the Sellers to (subject to the satisfaction of the terms and conditions set forth in the Acquisition Agreement) receive,
at Closing, the Purchase Price (as defined in the Acquisition Agreement), consisting of (A) the Cash Consideration (as defined
in the Acquisition Agreement), (B) the Purchaser Ordinary Shares Consideration (as defined in the Acquisition Agreement) (the “Sellers
Equity Rollover”), and (C) subject to the terms and conditions set forth in the Acquisition Agreement, the Escrowed Seller
Shares (as defined in the Acquisition Agreement), plus the right to receive (subject to the terms and conditions set forth in the
Acquisition Agreement), (x) the Tier 1 Consideration, and (y) the Tier 2 Consideration (each as defined in the Acquisition Agreement)
(it being understood that, for the avoidance of doubt, the Sellers Equity Rollover will only be the Purchaser Ordinary Shares Consideration
and the Escrowed Seller Shares (which shall be deemed issued and outstanding at Closing but which shall only be disbursed to the
Sellers to the extent the conditions set forth in the Escrow Agreement (as defined in the Acquisition Agreement) are satisfied)
received by the Sellers at Closing and will not include the Tier 1 Consideration, Tier 2 Consideration, each of which may only
be or is received by the Sellers upon the satisfaction of certain conditions set forth in the Acquisition Agreement);

 

(b)       immediately
prior to the Closing Date and after accounting for the Purchaser Shareholder Redemption Right and the Additional Equity Financing
(each as defined in the Acquisition Agreement), the SPAC will have an aggregate amount of approximately $300.0 million, but in
any event no less than $210.0 million, of cash (the “SPAC Equity Contribution”), which SPAC Equity Contribution,
when combined with, without duplication, the Founder Share Value and the Sellers Equity Rollover, will on a pro forma basis constitute
an aggregate amount (such equity amount, the “Minimum Equity Amount”) equal to at least 65.0% of the sum, without
duplication, of (A) the aggregate gross proceeds of the Term Facility borrowed on the Closing Date plus (B) the SPAC Equity Contribution
plus (C) the Sellers Equity Rollover (it being understood that, for the avoidance of doubt, (i) the SPAC Equity Contribution is
in addition to the Sellers Equity Rollover and (ii) the SPAC Equity Contribution is the net cash proceeds initially received by
the SPAC from its initial public equity offering and the Additional Equity Financing (after accounting for the Purchaser Shareholder
Redemption Right) to fund the Acquisition and the Refinancing and to pay the Transaction Costs (as defined below));

 

(c)       the
Borrower will obtain the Term Facility and the Revolving Credit Facility, in each case as further described in Exhibit B
to the Commitment Letter; and

 

    	 	Exh. A-2	 

    
 

    

 

(d)       the
proceeds of the Term Facility incurred on the Closing Date, together with the proceeds from the SPAC Equity Contribution, will
be applied (i) to repay and refinance the existing indebtedness for borrowed money of the Targets and their subsidiaries other
than (I) certain indebtedness that the Commitment Parties and the Borrower reasonably agree may remain outstanding after the Closing
Date, (II) the Acquired Business’s indebtedness that is permitted to remain in effect under the terms of the Acquisition
Agreement and (III) ordinary course capital leases, purchase money indebtedness and deferred purchase price obligations (the “Refinancing”),
(ii) to pay the cash consideration for the Acquisition, and (iii) to pay certain fees and expenses incurred in connection with
the Transactions (such fees and expenses, the “Transaction Costs”).

 

The transactions described above are collectively
referred to herein as the “Transactions”. For purposes of this Commitment Letter and the Fee Letter, “Closing
Date” shall mean the date of the satisfaction or waiver in writing by the Commitment Parties of the conditions set forth
in Exhibit C to the Commitment Letter, the Acquisition is consummated and the initial funding of the relevant Credit Facilities
occurs.

 

    	 	Exh. A-3	 

    
 

    

 

EXHIBIT B

 

$185,000,000 Senior Secured Term Loan
Facility

$50,000,000 Senior Secured Revolving
Facility

 

Summary of Terms and Conditions2

 

	BORROWER:	Act II Global Acquisition Corp., a Cayman Islands exempted company (the “Borrower”). One or more subsidiaries
of the Borrower to be agreed by the Administrative Agent and the Borrower may be added as “Co-Borrowers” with respect
to the Credit Facilities.

 

	GUARANTORS:	Each of the Borrower’s
    existing and subsequently acquired or formed direct and indirect wholly owned material domestic subsidiaries, with exceptions
    to be agreed upon (each, a “Guarantor” and collectively, the “Guarantors”; and together
    with the Borrower, the “Loan Parties”); for the purposes of this paragraph “material” shall
    mean any subsidiary that individually and in the aggregate contributes to revenue or total assets of the Borrower and its
    subsidiaries in a percentage to be agreed.3
	 	 
	 	All obligations of
    the Borrower under the Credit Facilities and under any interest rate protection or other hedging arrangements entered into
    with the Administrative Agent, the Lead Arranger, an entity that is a Lender or agent under the Facilities at the time of
    such transaction (or on the Closing Date, if applicable), or any affiliate of any of the foregoing (“Hedging Arrangements”),
    or any cash management arrangements with any such person (“Cash Management Arrangements”) will be unconditionally
    guaranteed (the “Guarantees”) by the Loan Parties; provided, that in the case of any obligations under
    any Hedging Arrangement that constitutes a “swap” within the meaning of section 1(a)(947) of the Commodity Exchange
    Act, any subsidiary of SPAC that is not an “Eligible Contract Participant” as defined under the Commodity Exchange
    Act shall not guarantee such obligations.

 

 

2 All capitalized terms used
but not defined herein shall have the meaning assigned thereto in the Commitment Letter to which this Term Sheet is attached.

 

3 NTD: subject to possible addition
of a US or Cayman-incorporated intermediate holdco immediately below the SPAC, which will hold all of the equity of the Acquired
Business (either directly or indirectly), as well as the possible addition of a US holding company directly beneath intermediate
holdco.

 

    	 	Exh. B-1	 

    
 

    

 

	ADMINISTRATIVE AGENT:	Toronto Dominion (Texas) LLC (“TDTX”
    and, in such capacity, the “Administrative Agent”).

 

	LEAD ARRANGER AND SOLE BOOKRUNNER:	TD Securities (USA) LLC (the
    “Lead Arranger”).

 

	

                                                     LENDERS:
	A syndicate of financial institutions and other lenders, including TD or an affiliate thereof (each, a “Lender”
and, collectively, the “Lenders”), selected by Lead Arranger and reasonably acceptable to the Borrower (such
consent not to be unreasonably withheld, delayed or conditioned) and, in each case, excluding any Disqualified Institutions.

 

	CREDIT FACILITIES:	$235,000,000 in senior secured credit facilities
    (the “Credit Facilities”) consisting of the following:

 

	 	Term Loan: A senior secured term loan facility
    in an aggregate principal amount of up to of $185,000,000 (the “Term Facility” and the loan under the Term Facility,
    the “Term Loan”) will be advanced in one drawing on the Closing Date (as defined below) and have a term
    of five years. Amounts repaid or prepaid on the Term Loan may not be reborrowed.
	 	 
	 	Revolving Credit Facility: A revolving credit facility of up to
    $50,000,000 (the “Revolving Credit Facility”) under which borrowings may be made from time to time during the
    period from the Closing Date until the fifth anniversary of the Closing Date, subject to the Conditions Precedent to each
    Subsequent Extension of Credit under the Credit Facilities set forth below.
	 	 

	CLOSING DATE:	The date on which the borrowings under the Credit
    Facilities are made and the Acquisition is consummated (the “Closing Date”).

 

	AMORTIZATION:	Revolving Credit Facility. No amortization. Due and payable on the fifth anniversary of the Closing Date.

 

	 	Term Loan. Payable in quarterly installments as set forth below with balance due and payable on the fifth anniversary of the Closing Date:

 

	Year	 	 	Annual Installments	 
	 	1	 	 	 	2.5	%
	 	2	 	 	 	2.5	%
	 	3	 	 	 	5.0	%
	 	4	 	 	 	10.0	%
	 	5	 	 	 	10.0	%

 

    	 	Exh. B-2	 

     

    

 

	INCREMENTAL FACILITY:	Borrower
shall have the right, at any time subsequent to the Closing Date and prior to the fifth anniversary of the Closing Date, to increase
the size of the Term Loan and/or add one or more incremental term loan facilities to the Credit Facilities (each, whether or not
a separate tranche, an “Incremental Term Loan”; each Incremental Term Loan is sometimes referred to herein
individually as an “Incremental Facility”), in an aggregate principal amount of up to (x) (i) $50,000,000,
plus (ii) the aggregate principal amount of Term Loans that were voluntarily prepaid prior to such date, plus (y) an unlimited
amount so long as in the case of this clause (y) after giving effect to such increase, the Consolidated Total Net Leverage Ratio
(as defined below) is equal to or less than 2.00:1.00 (calculated on a pro forma basis for the use of proceeds thereof, but without
 “netting” any proceeds thereof); provided that:

 

		(a)	the existing Lenders may, but not shall not be obligated to, commit to all or a portion of the proposed Incremental Facility,
and if necessary to obtain the requested Incremental Facility commitments from a third party financial institution, such financial
institution shall be reasonably satisfactory to the Administrative Agent;

 

		(b)	immediately after giving pro forma effect to such Incremental Facility and the use of proceeds thereof (1) each of the conditions
precedent to each subsequent extension of credit after the Closing Date set forth in the Credit Documentation shall have been satisfied,
except, in the case of an Incremental Facility incurred to finance a Limited Condition Acquisition (to be defined in a manner to
be mutually agreed), such requirement shall be subject to customary “Certain Funds Provisions” and (2) in connection
with any Incremental Facility incurred pursuant to clause (x)(i) above, after giving effect to such Incremental Facility, the Borrower
shall be in pro forma compliance with the Financial Performance Covenant (calculated on a pro forma basis without “netting”
any proceeds thereof); provided, that notwithstanding the foregoing, to the extent set forth in any applicable “Certain Funds
Provisions”, at the option of the Borrower the conditions in preceding clauses (1) and (2) shall be determined as of the date that the applicable acquisition agreement is executed and as of the incurrence of such Incremental Facility both before and immediately after giving effect thereto, no payment or bankruptcy event of default has occurred and is continuing or would result from such Incremental Facility;

 

    	 	Exh. B-3	 

     

    

 

		(c)	the final maturity date of any Incremental Term Loan that is a separate tranche shall be no earlier (but may be longer) than
the maturity date of the initial Term Loan and the weighted average life to maturity of any such Incremental Term Loan shall not
be shorter (but may be longer) than the remaining weighted average life to maturity of the initial Term Loan (calculated without
giving effect to any prepayments);

 

		(d)	the all-in yield (including interest rate margins, any interest rate floors, original issue discount and upfront fees (based
on the lesser of a four-year average life to maturity or the maturity of the Incremental Term Loan), but excluding arrangement,
underwriting, structuring, commitment, amendment or similar fees (regardless of whether paid in whole or in part to any or all
lenders)) applicable to any Incremental Term Loan will not be more than 0.50% higher than the corresponding all-in yield (determined
on the same basis) applicable to the initial Term Loan, unless the interest rate margin with respect to the initial Term Loan is
increased by an amount equal to the difference between the all-in yield with respect to such Incremental Term Loan Facility and
the all-in yield on the initial Term Loan, minus, 0.50%; it being agreed that to the extent the all-in yield with respect to such
Incremental Facility is greater than such all-in yield with respect to any existing facility solely as a result of a higher interest
rate floor, then the interest rate margin increase shall be effectuated solely by increasing the interest rate floor on the initial
Term Loan, as applicable; and

 

		(e)	except as set forth above with respect to maturity, amortization and all-in yield, any Incremental Facility shall be on the
same terms and conditions as the Term Facility or shall be on terms not more restrictive to the Borrower and its subsidiaries than
the terms of the initial Term Facility.

 

    	 	Exh. B-4	 

     

    

 

	LETTERS OF CREDIT:	A
sub-facility of a TBD (but in any event not less than $5.0 million) amount of the Revolving Credit Facility will be available
for the issuance of letters of credit (“Letters of Credit”) for the account of Borrower and the Guarantors.
Any such Letters of Credit shall reduce availability under the Revolving Credit Facility on a dollar-for-dollar basis. Letters
of Credit may be issued on and after the Closing Date in the ordinary course of business.

 

	SWING LINE LOANS:	At
the option of the Lender providing such swing line loans (the “Swingline Lender”), a portion of the Revolving
Credit Facility to be agreed upon may be made available as swing line loans.

 

	USE OF PROCEEDS:	The
proceeds of the Term Loan on the Closing Date, together with the SPAC Equity Contribution, will be used to fund the Transactions
and the Transaction Costs. The proceeds of the Revolving Credit Facility may be used after the Closing Date for working capital
and general corporate purposes (including for capital expenditures); provided that the Revolving Credit Facility may be used on
the Closing Date (i) in an amount not to exceed $5.0 million (as such amount may be increased pursuant to the Fee Letter), for
general corporate purposes and working capital needs, including to pay a portion of the Transaction consideration and fees and
expenses in connection with the Transaction, and (ii) to backstop, replace or cash collateralize existing letters of credit.

 

	PREPAYMENTS AND
COMMITMENT

REDUCTIONS:

	Borrower
shall make the following mandatory prepayments:

 

		(a)	Excess Cash Flow. Beginning with the fiscal year ended December 31, 2021, annual prepayments in an amount equal to 50%
of Excess Cash Flow (to be defined in the Credit Documentation), with reductions to 25% and 0% at Consolidated Total Net Leverage
Ratios to be agreed.

 

		(b)	Debt Issuances. Prepayments in an amount equal to 100% of the net cash proceeds of issuances or incurrences of debt
obligations of the Borrower and its subsidiaries (other than debt incurrences permitted by the Credit Documentation (except for
permitted refinancing debt in respect of the Credit Facilities)).

 

 

    	 	Exh. B-5	 

     

    

 

		(c)	Asset Sales. Prepayments in an amount equal to 100% of the net cash proceeds in excess of an amount to be agreed of
the sale or other disposition of any property or assets (other than sales of assets consisting of inventory in the ordinary course
of business, sales of worn-out or obsolete assets and other exceptions to be mutually agreed) of the Borrower or the Guarantors
(including casualty insurance and condemnation proceeds), and subject to the right of the Borrower and its subsidiaries, absent
an event of default then continuing, to reinvest in assets used or useful in the business of the Borrower and its subsidiaries
if such proceeds are reinvested (or committed to be reinvested) within 12 months (and if so committed to reinvestment, reinvested
within 180 days after such 12-month period).

 

		(d)	Mandatory prepayments will be applied to the outstanding Loans: first, to the next four (4) remaining installments of the Term
Loan in direct order of maturity, next to the remaining installments of the Term Loan on a pro rata basis, next to the outstanding
principal balance of the Revolving Credit Facility, which shall not effect a permanent reduction to the Revolving Credit Facility,
and next to cash collateralize Letters of Credit (if any). Mandatory prepayments shall be accompanied by any breakage costs in
connection with any prepayments of LIBOR Loans.

 

		Voluntary prepayments of the Loans and voluntary reductions of the unutilized portion of the
                                                                                commitments under the Revolving Credit Facility will be permitted at any time provided that Borrower’s voluntary
                                                                                prepayments are accompanied by any breakage costs in connection with any voluntary prepayments of LIBOR Loans. Voluntary
                                                                                prepayments shall be applied as directed by Borrower (or in absence of direction, in the direct order of maturity).

 

    	 	Exh. B-6	 

     

    

 

	DOCUMENTATION:	The definitive financing documentation for the Credit Facilities (the “Credit Documentation”), shall contain
the terms and conditions set forth herein and such other terms as the Borrower and the Lead Arranger shall agree; it being understood
and agreed that the Credit Documentation shall: (a) not be subject to any conditions to the availability and initial funding of
the Credit Facilities on the Closing Date other than as set forth on Exhibit C; (b) subject to the right
to exercise the “Flex Provisions” in the Fee Letter, contain only those mandatory prepayments, representations and
warranties, affirmative, financial and negative covenants and events of default expressly set forth in this Summary of Terms and
Conditions (the “Term Sheet”) and with standards, qualifications, thresholds, exceptions for materiality or
otherwise and “baskets,” grace and cure periods, in each case, to be agreed; (c) give due regard to (i) the operational
and strategic requirements of the Borrower and its respective subsidiaries in light of their consolidated capital structure, size,
industry and practices (including, without limitation, the leverage profile and projected free cash flow generation of the Borrower
and its respective subsidiaries), in each case, after giving effect to the Transactions, (ii) the Projections; (d) include the
Administrative Agent’s customary agency provisions, Delaware LLC Act provisions, QFC stay rules provisions, ERISA lender
representations and “beneficial ownership” provisions; and (e) be negotiated in good faith by the Borrower and the
Lead Arranger to finalize such Credit Documentation, giving effect to the Certain Funds Provisions, as promptly as practicable.

 

	COLLATERAL:	Subject to the Certain Funds Provisions, all obligations of the Borrower under the Credit Facilities and of the Guarantors
under the guarantees (including any Hedging Arrangements and Cash Management Arrangements), will be secured by:

 

		(a)         a first priority perfected lien on and security interest (subject to permitted liens and
                                                                                exceptions to be negotiated) in substantially all present and future, tangible and intangible assets of the Borrower and the
                                                                                Guarantors (including (i) using commercially reasonable efforts to obtain landlord waivers for the Borrower’s
                                                                                headquarters and other key operating facilities to be agreed and (ii) a first priority security interest in deposit accounts
                                                                                (other than zero balance, payroll and withholding accounts and accounts containing less than a to be determined amount),
                                                                                material contracts and intercompany debt); and

 

    	 	Exh. B-7	 

     

    

 

		(b)         a first priority perfected lien on and security interest in all ownership interests of
                                                 the Borrower’s and Guarantors’ present and future subsidiaries, including each Guarantor4.

 

	
        CONDITIONS PRECEDENT

        TO CLOSING
	
        Subject to the Certain Funds
        Provisions, the initial borrowing under the Credit Facilities will be subject solely to the applicable conditions set forth
        in Exhibit C.

 

	
        CONDITIONS PRECEDENT 

        TO EACH ADVANCE

        AFTER CLOSING:
	Subject to any limitations set forth herein with respect to Limited Condition Acquisitions: (i) the absence of any default or Event of Default, (ii) continued accuracy in all material respects (or in all respects to the extent already qualified by materiality) of representations and warranties and (iii) delivery of a customary borrowing notice.

 

	
        REPRESENTATIONS AND

        WARRANTIES:
	Subject to the Certain Funds Provisions, the representations and warranties included in the Credit Documentation will be limited to the following (in each case (x) after giving effect to the Transactions, (y) subject to customary exceptions and qualifications to be negotiated in the Credit Documentation and (z) be applicable to the Borrower and its subsidiaries):

 

		Organizational status and good standing; subsidiaries, capitalization; power, authority, and
                                                                                qualification; authorization, execution, delivery and enforceability of loan documents; use of proceeds; margin regulations;
                                                                                financial statements and reports; no material adverse change; accurate and complete disclosure; customary representations
                                                                                relating to pro forma financial statements and projections; intellectual property; certain regulatory matters; governmental
                                                                                authority and licensing; title to properties and assets; no litigation; taxes; governmental and third party approvals;
                                                                                transactions with affiliates; Investment Company Act; ERISA and other pension matters; compliance with laws (including
                                                                                environmental and related laws); no violation of, or conflict with, law or organizational documents or material agreements
                                                                                and no imposition of liens (other than permitted liens); accuracy of beneficial ownership certifications; no broker’s
                                                                                fees (except as previously disclosed); absence of default or event of default under material contracts; creation, validity,
                                                                                priority and perfection of security interests; compliance with OFAC, anti-corruption, including FCPA, anti-money laundering,
                                                                                anti-bribery, PATRIOT Act and sanctioned persons and countries;
solvency of the Borrower and its subsidiaries on a consolidated basis as of the Closing Date after giving effect to the Transactions;
status of the Credit Facilities as senior debt; insurance consistent with that maintained by similarly situated entities; and undisclosed
liabilities in required annual financial statements.

 

 

4 NTD: subject to possible addition
of a US or Cayman-incorporated intermediate holdco immediately below the SPAC, which will hold all of the equity of the Acquired
Business (either directly or indirectly), as well as the possible addition of a US holding company directly beneath intermediate
holdco.

 

    	 	Exh. B-8	 

     

    

 

	
        AFFIRMATIVE

        COVENANTS:
	
        The affirmative covenants included in the Credit Documentation
will be limited to the following (subject to customary exceptions and thresholds to be negotiated in the Credit Documentation
and to be applicable to the Borrower and its subsidiaries):

 

		Preservation of corporate existence, licenses and intellectual property, maintenance of
                                                                                property, insurance, data security, payment of taxes and claims and similar obligations, compliance with laws, inspection of
                                                                                property and books and records (subject to limitations on frequency and cost reimbursement), use of proceeds, quarterly
                                                                                lender calls, real estate, further assurances regarding provision of additional collateral and guaranties consistent with the
                                                                                paragraph above entitled “Collateral”, environmental matters, hazardous materials and compliance with laws and
                                                                                regulations (including ERISA, FDA, OFAC, environmental, other regulatory matters, PATRIOT Act and other anti-terrorism laws,
                                                                                anti-bribery, anti-corruption laws (including FCPA) and anti-money laundering and sanctions laws).

 

	
        REPORTING

        REQUIREMENTS:
	
        The financial and other reporting requirements applicable
        to the Borrower and included in the Credit Documentation will be limited to the following (in each case subject to customary
        exceptions and thresholds to be negotiated in the Credit Documentation):

 

		Delivery of annual audited consolidated financial statements (in the case of such annual
                                                                                audited consolidated financial statements, without qualifications as to “going concern” or scope of audit) within
                                                                                90 days after the fiscal year end (beginning with the fiscal year ending December 31, 2019), in each case, for the SPAC and
                                                                                its subsidiaries on a consolidated basis; annual budget (prepared on a quarterly basis), within 60 days after the end of each
                                                                                fiscal year commencing with the fiscal year ending December 31, 2020, for the immediately succeeding fiscal year; quarterly
                                                                                unaudited consolidated financial statements for the first three quarters of each fiscal year within 45 days after the fiscal
                                                                                quarter end, in each case, for the SPAC and its subsidiaries on a consolidated
basis; management discussion and analysis reports together with the delivery of the above referenced annual and quarterly financial
statements; officer’s certificates, including quarterly compliance certificates (commencing with the first full fiscal quarter
ending after the Closing Date) together with the delivery of the above referenced annual and quarterly financial statements; KYC
information; provision of information required under the Beneficial Ownership Regulation; updated collateral information; customary
notifications regarding notice of any default, and matters related litigation, ERISA, environmental or other events that could
reasonably be expected to result in a material adverse effect, copies of affiliate agreements material to the interests of the
Lenders (and any amendments or modifications thereto) and other customary notices, and, other information reasonably requested
by Administrative Agent.

 

    	 	Exh. B-9	 

     

    

 

	
        FINANCIAL

        PERFORMANCE COVENANT:
	
        The only financial performance covenant (the “Financial
Performance Covenant”) included in the Credit Documentation shall be:

 

Consolidated Total Net Leverage Ratio (as
defined below) not more than 4.00:1.00, with a stepdown to 3.75:1.00 on the last day of the fourth full fiscal quarter ending after
the Closing Date.

 

“Consolidated Total Net Leverage Ratio”
means, with respect to any Person as of any date, the ratio of (a) outstanding consolidated total debt net of up to an aggregate
amount of $25.0 million of unrestricted cash and cash equivalents (held in a pledged account subject to the Administrative Agent’s
control) of such Person or one of the Loan Parties as of such date to (b) the Consolidated EBITDA for such Person for the four
(4) consecutive fiscal quarters then last ended for which financial statements have been delivered, such ratio to be calculated
on a pro forma basis.

 

“Consolidated EBITDA” means,
with respect to the Borrower and its subsidiaries on a consolidated basis, the sum of (a) net income (excluding any extraordinary
gains and losses), plus (b) to the extent deducted in determining net income, the sum of (i) depreciation and amortization, (ii)
federal, state and local income and franchise taxes, (iii) interest expense and (iv) other addbacks and deductions to be mutually
agreed, including extraordinary items, expenses in connection with the Transactions, non-cash items, one-time charges, synergies
and costs savings (with synergies and cost savings collectively capped at 20% of Consolidated EBITDA and with a 12 month look-forward).

 

    	 	Exh. B-10	 

     

    

 

The Financial Performance Covenant shall be tested
quarterly (and on each advance date, calculated in accordance with the definition of “Consolidated Total Net Leverage Ratio”,
but determined based on outstanding net consolidated total debt after giving pro forma effect to such advance (but without netting
the proceeds thereof)) starting with the last day of the first full fiscal quarter ending after the Closing Date.

 

For purposes of determining the Consolidated Total
Net Leverage Ratio: if the Borrower or any of its subsidiaries makes an Acquisition during a fiscal period, “Consolidated
EBITDA” shall be determined (other than for purposes of calculating Excess Cash Flow) as if the acquisition (and any related
incurrence or repayment of indebtedness) had occurred on the first day of that fiscal period, and the operating results of any
acquired person for any affected fiscal periods shall be determined by reference to financial information prepared by the prior
owners thereof (or by the Borrower and its subsidiaries, after any such acquisition), subject to adjustments reasonably satisfactory
to the Administrative Agent.

 

	NEGATIVE COVENANTS:	The
negative covenants included in the Credit Documentation will be limited to the following (in each case subject to customary exceptions
and baskets to be negotiated in the Credit Documentation and to be applicable to the Borrower and its subsidiaries):

 

Limitations with respect to other indebtedness (including
capital leases and speculative hedging transactions) and guaranties; certain equity issuances; liens; burdensome agreements and
negative pledges, investments and acquisitions; loans and advances; mergers, consolidations, dissolutions and other fundamental
changes; sales of assets, including sales of subsidiaries and sale-leasebacks; dividends, stock repurchases, and restricted payments;
transactions with affiliates; conduct of business; permitted activities of the SPAC and of any intermediate holdco entity; certain
regulatory matters; amendments and waivers of organizational documents; payment, repurchases, acquisitions or redemptions of junior
lien, unsecured or subordinated indebtedness (collectively, “Junior Debt”) and adverse amendments to documents
governing such indebtedness and other material agreements; changes to fiscal year and prohibition against “plan assets”.

 

    	 	Exh. B-11	 

     

    

 

The Credit Documentation will include exceptions
for:

 

(a) With respect to restricted payments:

 

(i) a basket for restricted payments in an unlimited
amount subject to no default or event of default occurring and continuing (or resulting therefrom) and pro forma compliance with
a Consolidated Total Net Leverage Ratio of not more than 2.00:1.00; and

 

(ii) so long as no default or event of default is
occurring and continuing (or resulting therefrom), a general restricted payment basket not to exceed $20.0 million annually, plus
(x) 50% of Consolidated Net Income (to be defined in a manner to be mutually agreed) for the period (taken as one accounting period)
from the first full fiscal quarter ending after the Closing Date to the end of the most recently ended fiscal quarter for which
financial statements have been delivered and (y) qualified capital contributions to the Borrower after the Closing Date in cash
(other than amounts not otherwise applied).

 

(b) with respect to investments:

 

(i) acquisitions of all or substantially all of the
assets of any person or any line of business or division thereof, or at least a majority of the equity interests of any person
(each, a “Permitted Acquisition”), so long as, among other customary conditions to be mutually agreed (and subject
to Certain Funds Provisions in respect of Limited Condition Acquisitions), (A) no default or event of default is occurring and
continuing (or resulting therefrom), (B) the nature of business covenant is satisfied, (C) the Borrower complies with the collateral
and guarantee requirements in the Credit Documentation, (D) the acquired entity becomes a Guarantor and the acquired assets become
Collateral, and (E) after giving pro forma effect to such acquisition and the incurrence of indebtedness in connection therewith,
the Borrower shall be in pro forma compliance with the Financial Performance Covenant; and

 

(ii) so long as no default or event of default then
exists or would rest therefrom, a general investment basket not to exceed the greater of (A) $20.0 million and (B) 25% of Consolidated
EBITDA.

 

    	 	Exh. B-12	 

     

    

 

	EVENTS OF DEFAULT:	The
Credit Documentation will contain events of default, limited to the following (with customary grace and cure periods and thresholds
to be negotiated in the Credit Documentation and to be applicable to the Borrower and its subsidiaries):

 

non-payment of principal, interest or other amounts;
inaccuracy of representations and warranties; violation of covenants; impairment of collateral; cross-default to any other indebtedness;
unsatisfied or unstayed judgments; bankruptcy and insolvency; actual or asserted unenforceability, invalidity or termination of
any guarantee, security document, or other loan document; ERISA; certain regulatory defaults; and change of control (definition
to be agreed, but which will provide that the controlling shareholder of the Sellers and the principal founding shareholders of
the SPAC will constitute “permitted holders”).

 

	VOTING:	Amendments, waivers and other modifications to the Credit Documentation shall require the consent of (i) a minimum of two Lenders,
if there are three (3) Lenders or less, and (ii) if there are more than three (3) Lenders, greater than 50% of the total commitments
and/or loans outstanding (such Lenders, the “Required Lenders”); provided that so long as there are two or more
Lenders that are not affiliates, Required Lenders shall consist of Lenders that satisfy the foregoing requirement and consist of
at least two Lenders that are not affiliates); each Lender directly affected thereby are required to approve (a) increases in or
extensions of such Lender’s commitment, (b) reductions of principal, interest or fees (excluding waiver of default interest
and mandatory prepayments and any amendments to financial covenants or definitions), (c) extensions of final maturity payments
or any date on which amortization payments are due or reductions in scheduled amortization, (d) releases of all or substantially
all of the collateral or guarantors, (e) modifications to the pro rata payment provisions, (f) any change to voting thresholds,
and (g) alter, as among Lenders, the waterfall provisions; provided, that, greater than 50% of revolving Lenders required to waive
any condition in connection with funding of revolving advances. No defaulting lender shall have the right to vote, except for increases
or extensions of its commitments, reduction or forgiveness of principal on its loans or reduction in the interest rate applicable
to the obligations owed to it.

 

    	 	Exh. B-13	 

     

    

 

The Credit Documentation shall contain customary
provisions for replacing (a) defaulting Lenders and (b) non-consenting Lenders in connection with amendments and waivers requiring
the consent of all Lender or all Lenders directly affected thereby so long as Lenders holding in excess of 50% of the aggregate
amount of the loans and commitments under the Credit Facilities consented thereto.

 

		MISCELLANEOUS:	The Credit Documentation will include (a) standard yield protection provisions (including, without limitation, provisions relating
to compliance with risk-based capital guidelines, increased costs, withholding taxes, illegality and LIBOR breakage costs) and
LIBOR replacement provisions, (b) a mutual waiver of consequential and punitive damages and right to a jury trial, (c) customary
agency, set-off and sharing language, (d) customary “defaulting lender” provisions and (e) customary yank-a-bank and
lender replacement provisions.

 

	ASSIGNMENTS AND PARTICIPATIONS:	Each Lender may sell, transfer, negotiate or assign to one or more other lenders all or a portion of its commitments,
                                                                            loans and its rights and obligations under any Credit Documentation; provided that no Lender may assign its commitment to a
                                                                            Defaulting Lender (to be defined) or a Disqualified Institution. Consent of the Borrower and the Administrative Agent is
                                                                            required, which shall not be unreasonably withheld or delayed; provided that no consent of the Borrower shall be required for
                                                                            an assignment to Lenders (or to affiliates or approved funds of Lenders) or during the continuation of a payment or
                                                                            bankruptcy Event of Default. To the extent the consent of the Borrower is required for an assignment, if the Borrower does
                                                                            not provide such consent or non-consent within ten (10) business days of receiving written notice of such proposed
                                                                            assignment, then the Borrower shall be deemed to have consented to such assignment. No such assignment shall be in an
                                                                            aggregate amount less than $1,000,000 (or such lesser amount as shall constitute the aggregate amount of the commitments and
                                                                            loans of the assigning Lender). Consent of the issuing bank and Swingline Lender (such consent not to be unreasonably
                                                                            withheld or delayed) shall be required for any assignment of commitments under the Revolving Credit Facility or any other
                                                                            assignment that increases the obligation of the assignee to participate in exposure under any Letters of Credit or swing line
                                                                            loans, as applicable (whether or not then outstanding). An administrative fee of $3,500 shall be payable by the assignor to
                                                                            the Administrative Agent as a condition to the effectiveness of any such assignment. The Credit Documentation will contain
                                                                            customary provisions to permit the Borrower to have the right, at its option, to repurchase
the term loans on terms and conditions (including buyback mechanics) to be reasonably agreed by Administrative Agent and Borrower,
including (i) all such offers shall be made to all term Lenders on a pro rata basis, (ii) no default or event of default shall
have occurred or be continuing, (iii) all such term loans so acquired shall be immediately cancelled, (iv) no portion of the Revolving
Credit Facility shall be drawn to make such repurchase, and (v) Borrower shall represent that it has no material non-public information
regarding itself that has not been disclosed to each selling Lender. Such repurchases must be offered to all Lenders on a pro rata
basis, but may be completed on a non-pro rata basis among the Lenders.

 

    	 	Exh. B-14	 

     

    

 

		INDEMNITY:	The Credit Facilities will provide customary and appropriate provisions relating to indemnity, expense reimbursement and related
matters in a form reasonably satisfactory to the Administrative Agent and the Lenders.

 

	GOVERNING  LAW:	New
York governing law and consent to exclusive New York jurisdiction except to the extent that the Administrative Agent requires
submission to any other jurisdiction in connection with the exercise of any right under any security document or the enforcement
of any judgment.

 

		COUNSEL TO LEAD ARRANGER:	Jones Day.

 

    	 	Exh. B-15	 

     

    

 

ADDENDUM I

 

PRICING AND FEES

 

Capitalized terms not otherwise defined
herein have the meaning set forth in the Summary of

Terms and Conditions to which this Addendum
is attached.

 

	INTEREST RATES:	The
 “Applicable Margin” means, with respect to the Credit Facilities, (a) until the delivery of a compliance certificate
for the first full fiscal quarter following the Closing Date, 1.75%, in the case of Base Rate loans, and 2.75% in the case of
LIBOR loans, and (b) thereafter, the applicable percentages per annum set forth below, based upon the Consolidated Total Net Leverage
Ratio:

 

		 	 	Consolidated	 		 	 	 	 
	Pricing	 	 	Total Net	 	Base Rate	 	 	LIBOR	 
	Level	 	 	Leverage Ratio	 	Loans	 	 	Loans	 
	 	1	 	 	≤ 1.50	 	 	1.25	%	 	 	2.25	%
	 	2	 	 	>1.50 but ≤ 2.25	 	 	1.50	%	 	 	2.50	%
	 	3	 	 	>2.25 but ≤ 3.00	 	 	1.75	%	 	 	2.75	%
	 	4	 	 	>3.00	 	 	2.00	%	 	 	3.00	%

 

Any increase or decrease in the Applicable Margin
resulting from a change in the Consolidated Total Net Leverage Ratio shall become effective as of the first business day immediately
following the date a compliance certificate is delivered pursuant to the paragraph “Reporting Requirements” in the
Term Sheet; provided that if a compliance certificate is not delivered within three (3) business days of the date on which such
compliance certificate is required to be delivered in accordance with such paragraph, then upon the request of the Required Lenders,
Pricing Level 4 shall apply as of the first business day after the date on which such compliance certificate was required to have
been delivered and shall remain in effect until the date on which such compliance certificate is delivered.

 

The Base Rate will be a floating rate defined as
the highest of (a) the rate that Administrative Agent announces from time to time in its sole discretion as its prime commercial
lending rate for such day for United States Dollar loans made in the United States, (b) the Federal Funds Rate plus 50 basis points,
(c) LIBOR for an interest period of one-month beginning on such day plus 1% and (d) 1.00%. The Base Rate is not necessarily the
lowest rate of interest charged by Administrative Agent in connection with extensions of credit.

 

    	 	Addendum I-1	 

     

    

 

LIBOR will be defined as the offered rate per annum
for deposits of Dollars for the applicable interest period that appears on Reuters Screen LIBOR01 Page (or such other page as may
replace that page in that service) as of 11:00 A.M. (London, England time) two (2) business days prior to the first day in each
interest period. If no such offered rate exists, or another comparable publicly available offered rate shall cease to be available,
such rate will be the rate of interest per annum, as determined by Administrative Agent (rounded upwards, if necessary, to the
nearest 1/100 of 1%) at which deposits of Dollars in immediately available funds are offered by Administrative Agent’s London
branch at 11:00 A.M. (London, England time) two (2) business days prior to the first day in the applicable interest period to major
banks in the offshore U.S. Dollar market for the applicable interest period and for an amount equal or comparable to the principal
amount of Loans to be borrowed, converted or continued as LIBOR loans on such date of determination. LIBOR shall be adjusted for
statutory reserve requirements (if any). In no event shall LIBOR be less than zero. The Credit Documentation will include the Administrative
Agent’s customary LIBOR replacement provisions.

 

Interest on Base Rate loans will be payable quarterly
in arrears. Interest on LIBOR loans will be payable at the end of each interest period and, for interest periods greater than 3
months, every 3 months. All interest will be calculated using a 360 day year and actual days elapsed (or, in the case of Base Rate
loans calculated by reference to the prime rate, a 365/6 day year and actual days elapsed).

 

Automatically upon the occurrence and during the
continuance of a bankruptcy or payment event of default or at the election of the Required Lenders (as defined above) upon the
occurrence and during the continuance of one or more other events of default, the loans shall bear interest at a default rate of
interest equal to an additional 2% per annum over the rate otherwise applicable and such interest will be payable on demand.

 

	FEES:	An Unused Commitment Fee in an amount equal to (a) until the delivery of a compliance certificate for the first full fiscal
quarter following the Closing Date, 0.40% per annum and (b) thereafter, the applicable percentages set forth below based upon the
Consolidated Total Net Leverage Ratio on the average unused daily balance of the Revolving Credit Facility (less any outstanding
letters of credit but not any swing line loans for purposes of this calculation), such fee to be payable in arrears at the end
of each quarter and upon the termination of the Revolving Credit Facility:

 

    	 	Addendum I-2	 

     

    

		 	 		 		 
	Pricing

Level	 	 	Consolidated Total

Net Leverage Ratio	 	Unused

Commitment Fee	 
	 	1	 	 	≤ 1.50	 	 	0.30	%
	 	2	 	 	>1.50 but ≤ 2.25	 	 	0.35	%
	 	3	 	 	>2.25 but ≤ 3.00	 	 	0.35	%
	 	4	 	 	>3.00	 	 	0.40	%

 

Letter of Credit fees for outstanding Letters of
Credit shall be a per annum fee equal to the then effective Applicable Margin for the loans under the Revolving Credit Facility
maintained as LIBOR loans. In addition, the Borrower shall pay to the issuing bank, for its own account, (a) a fronting fee equal
to 0.25% per annum of the undrawn face amount of each outstanding Letter of Credit, payable in arrears at the end of each quarter
and upon the termination of the Revolving Credit Facility and (b) customary issuance and administration fees.

 

    	 	Addendum I-3	 

     

    

 

EXHIBIT C

 

Summary of Conditions Precedent to the Credit
Facilities

 

Capitalized terms used but not defined in this Exhibit C
shall have the meanings set forth in the Commitment Letter to which this Exhibit C is attached and in Exhibits A and B thereto.
Subject to the Certain Funds Provision, the availability and initial funding of the Credit Facilities on the Closing Date shall
be subject solely to the satisfaction (or waiver) of the following conditions.

 

	A.	CONDITIONS PRECEDENT TO THE FACILITIES

 

	1.	Concurrent Transactions: Substantially concurrently with the initial fundings contemplated by the Commitment Letter,
(a) the SPAC shall have received the SPAC Equity Contribution in the aggregate amount of at least $210.0 million, which when combined
with, without duplication, the Founder Share Value and the Sellers Equity Rollover shall constitute the Minimum Equity Amount,
(b) the Seller Equity Rollover shall have occurred and (c) the Refinancing shall have occurred (with all applicable related liens
and guarantees to be released and terminated or customary provisions therefor made). The Acquisition shall have been consummated
pursuant to the Acquisition Agreement without any alteration, amendment or other change, supplement or waiver thereto, or any consent
having been given, in the case of any of the foregoing in a manner which would be materially adverse to the Lenders (in their capacities
as such) or the Lead Arranger, unless consented to in writing by the Lead Arranger, such consent not to be unreasonably withheld,
delayed or conditioned; provided that (a) any decrease of less than 10% in such purchase price shall not be deemed to be materially
adverse to the interests of the Lenders so long as such decrease is allocated, first, to reduce the SPAC Equity Contribution to
an amount not less than the greater of (x) the Minimum Equity Amount and (y) $210.0 million and, thereafter, as a reduction to
the Term Facility, (b) any increase in the purchase price shall not be materially adverse to the interests of the Lenders so long
as such increase is funded by an increase in the SPAC Equity Contribution or other cash equity proceeds; and (c) any modifications
to the second sentence of Section 10.7 of the Acquisition Agreement or (to the extent that the Acquisition Agreement provides that
a modification, waiver or termination thereof would require the approval in writing of the Lead Arrangers) any provision or definition
referenced therein, or the definition of “Material Adverse Effect” in, the Acquisition Agreement shall be deemed to
be materially adverse to the interests of the Lead Arranger. The Lead Arranger shall have been provided with a copy of each alteration,
amendment or other change, supplement or waiver to the Acquisition Agreement, or any consent with respect thereto, that could reasonably
be expected to impact the interests of the Lenders (in their capacities as such) or the Lead Arranger. The Specified Acquisition
Representations shall be true and correct, and the Specified Representations shall be true and correct in all material respects
(or in all respects to the extent already qualified by materiality).

 

	2.	Material Adverse Effect. Since September 30, 2019, except as set forth on Section 3.10 of the Sellers Disclosure Schedule
(as defined in the Acquisition Agreement) or as expressly contemplated in the Acquisition Agreement, there shall have been no Material
Adverse Effect as defined in the Acquisition Agreement as in effect on the date hereof.

 

	3.	Financial Statements. The Lead Arranger shall have received (i) a customary pro forma balance sheet and pro forma income
statements for the SPAC and its subsidiaries as of the last day and for the period of four consecutive fiscal quarters ending at
least 45 days prior to the Closing Date; (ii) if the Closing Date occurs on or after March 31, 2020, audited consolidated balance
sheets and related statements of income, stockholders’ equity and cash flows of the SPAC for its fiscal year ending December
31, 2019, (iii) an unaudited balance sheet and related statements of operations and cash flows of the SPAC for each fiscal quarter
subsequent to December 31, 2018, and ended at least 45 days prior to the Closing Date and (iv)
an unaudited balance sheet and related statements of operations and cash flows of the Sweetener Business of Flavors Holdings Inc.
and the Licorice Business of Flavors Holdings Inc. for each fiscal quarter ended on or after March 31, 2020, but solely to the
extent such fiscal quarter has ended at least 45 days prior to the Closing Date.

 

    	 	Exh. C-1	 

     

    

 

	4.	Performance of Obligations. All costs, fees, expenses and other compensation required to be paid to the Lead Arranger,
the Administrative Agent or the Lenders pursuant to the commitment letter to be entered into among the Borrower, the Administrative
Agent and/or the Lead Arranger and the Fee Letter shall have been paid to the extent due and invoiced at least three (or such shorter
period as agreed between the Borrower and the Lead Arranger) business days prior to the Closing Date.

 

	5.	Collateral and Guarantees. Subject to the Certain Funds Provision, (i) all required guarantees shall have been executed
and delivered and be in full force and effect, and (ii) to the extent required by the Lead Arranger, all documents and instruments
required to create and perfect the security interest of the Administrative Agent in the Collateral with the required priority for
the applicable Facility shall have been executed and delivered and, if applicable, be in proper form for filing, and none of the
Collateral shall be subject to any other pledges, security interest or mortgages, except for liens (a) permitted under the Credit
Documentation or (b) securing indebtedness to be refinanced in full and to be released concurrently with the initial funding of
the Credit Facilities on terms satisfactory to the Lead Arranger.

 

	6.	Customary Closing Documents. The Credit Documentation shall have been executed and delivered by the Borrower and the
Guarantors. The Borrower shall have complied with the following customary closing conditions: (i) the delivery of customary legal
opinions, lien searches, customary closing certificates, customary secretary’s certificates and incumbency certificates,
customary good standing certificates, customary borrowing notices and organizational documents; and commercially reasonable efforts
to provide customary evidence of insurance; (ii) the delivery of evidence reasonably satisfactory to the Lead Arranger that all
guarantees of the Existing Credit Agreements (as defined in the Acquisition Agreement) by the Acquired Business have been terminated
or will be terminated substantially concurrently with the initial funding contemplated by the Commitment Letter and all liens relating
to the properties, equity and assets of the Acquired Business pursuant to the Existing Credit Agreements have been released or
will be released substantially concurrently with the initial funding contemplated by the Commitment Letter, (iii) all other debt
of the Borrower and its subsidiaries and the Acquired Business shall have been repaid in full, and all commitments in respect thereof
terminated, and all guarantees and security therefor shall have been discharged and released, other than the Acquired Business’s
indebtedness that is permitted to remain in effect under the terms of the Acquisition Agreement; and (iv) delivery of a solvency
certificate in the form set forth in Exhibit D from the chief financial officer of the SPAC.

 

	7.	PATRIOT Act, KYC, etc. The Lead Arranger shall have received (x) at least three (3) business days prior to the
                                Closing Date all documentation and information as is reasonably requested in writing by the Administrative Agent at least ten
                                (10) business days prior to the Closing Date about the Borrower and its subsidiaries after giving effect to the Transactions
                                mutually agreed to be required by U.S. regulatory authorities under applicable “know your customer” and
                                anti-money laundering rules and regulations, including without limitation the PATRIOT Act and (y) at least three (3) business
                                days prior to the Closing Date, with respect to the Borrower to the extent that it qualifies as a “legal entity
                                customer” under 31 C.F.R. § 1010.230 (the “Beneficial Ownership Regulation”), a certification
                                regarding beneficial ownership as required by the Beneficial Ownership Regulation and requested of the
Borrower by the Lead Arranger or Lenders at least five (5) business days prior to the Closing Date.

 

    	 	Exh. C-2	 

     

    

 

EXHIBIT D

 

Form of Solvency Certificate

 

Date: ________, 20[·]

 

To the Administrative Agent and each of the Lenders party to
the Credit Agreement referred to below:

 

I, the
undersigned, the Chief Financial Officer of ______ , a _______  _____    (the “[ __ ]”), in
that capacity only and not in my individual capacity (and without personal liability), do hereby certify as of the date
hereof, and based upon (i) facts and circumstances as they exist as of the date hereof (and disclaiming any
responsibility for changes in such fact and circumstances after the date hereof) and (ii) such materials and
information as I have deemed relevant to the determination of the matters set forth in this certificate, that:

 

1.       This
certificate is furnished to the Administrative Agent and the Lenders pursuant to Section __  of the Credit Agreement, dated
as of _______  ____  , 201[  ], among _______  (the “Credit Agreement”). Unless otherwise defined herein, capitalized
terms used in this certificate shall have the meanings set forth in the Credit Agreement.

 

2.       For
purposes of this certificate, the terms below shall have the following definitions:

 

(a)       “Fair
Value”

 

The amount at which the assets (both tangible
and intangible), in their entirety, of the Borrower and its Subsidiaries taken as a whole would change hands between a willing
buyer and a willing seller, within a commercially reasonable period of time, each having reasonable knowledge of the relevant facts,
with neither being under any compulsion to act.

 

(b)       “Present
Fair Salable Value”

 

The amount that could be obtained by an
independent willing seller from an independent willing buyer if the assets of the Borrower and its Subsidiaries taken as a whole
are sold with reasonable promptness in an arm’s-length transaction under present conditions for the sale of comparable business
enterprises insofar as such conditions can be reasonably evaluated.

 

(c)       “Stated
Liabilities”

 

The recorded liabilities (including contingent
liabilities that would be recorded in accordance with GAAP) of the Borrower and its Subsidiaries taken as a whole, as of the date
hereof after giving effect to the consummation of the Transactions, determined in accordance with GAAP consistently applied.

 

(d)       “Identified
Contingent Liabilities”

 

The maximum estimated amount of liabilities
reasonably likely to result from pending litigation, asserted claims and assessments, guaranties, uninsured risks and other contingent
liabilities of the Borrower and its Subsidiaries taken as a whole after giving effect to the Transactions (including all fees and
expenses related thereto but exclusive of such contingent liabilities to the extent reflected in Stated Liabilities),
as and to the extent identified and explained in terms of their nature and estimated magnitude by responsible officers of the Borrower.

 

    	 	Exh. D-1	 

     

    

 

(e)       “Will
be able to pay their Stated Liabilities and Identified Contingent Liabilities as they mature”

 

For the period from the date hereof through
the Maturity Date, the Borrower and its Subsidiaries taken as a whole will have sufficient assets and cash flow to pay their respective
Stated Liabilities and Identified Contingent Liabilities as those liabilities mature or (in the case of contingent liabilities)
otherwise become payable.

 

(f)       “Do
not have Unreasonably Small Capital”

 

For the period from the date hereof through
the Maturity Date, the Borrower and its Subsidiaries taken as a whole after consummation of the Transactions is a going concern
and has sufficient capital to ensure that it will continue to be a going concern for such period.

 

3.       For
purposes of this certificate, I, or officers of the Borrower under my direction and supervision, have performed the following procedures
as of and for the periods set forth below.

 

(a)       I
have reviewed the financial statements (including the pro forma financial statements) referred to in Section ____  of the
Credit Agreement.

 

(b)       I have
knowledge of and have reviewed to my satisfaction the Credit Agreement.

 

(c)       As
Chief Financial Officer of [ ___ ], I am familiar with the financial condition of the Borrower and its Subsidiaries.

 

4.       Based
on and subject to the foregoing, I hereby certify on behalf of the Borrower that after giving effect to the consummation of the
Transactions, it is my opinion that (i) the Fair Value and Present Fair Salable Value of the assets of the Borrower and
its Subsidiaries taken as a whole exceed their Stated Liabilities and Identified Contingent Liabilities; (ii) the Borrower
and its Subsidiaries taken as a whole do not have Unreasonably Small Capital; and (iii) the Borrower and its Subsidiaries
taken as a whole will be able to pay their Stated Liabilities and Identified Contingent Liabilities as they mature.

 

* * *

    	 	Exh. D-2	 

     

    

 

IN WITNESS WHEREOF, the Borrower has caused
this certificate to be executed on its behalf by its Chief Financial Officer as of the date first written above.

 

	 	[Borrower]

	 	By:	 

	 	Name:
	 	Title: Chief Financial Officer

 

    	 	Exh. D-3

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