Document:

Exhibit 4.1

      

       

      

      EXECUTION COPY

      
        
 

      
        

        

      

      

      

      

      FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

      

      

      dated as of

      

      

      June 28, 2019

      

      

      among

      

      

      MODINE MANUFACTURING COMPANY

      AIREDALE INTERNATIONAL AIR CONDITIONING LIMITED,

      as Initial Subsidiary Borrower,

      

      

      The Other Subsidiary Borrowers From Time to Time Party Hereto,

      

      

      The Lenders Party Hereto,

      

      

      JPMORGAN CHASE BANK, N.A.

      as Administrative Agent and Collateral Agent,

       

      

      BANK OF MONTREAL,

      U.S. BANK NATIONAL ASSOCIATION and

      WELLS FARGO BANK, NATIONAL ASSOCIATION

      as Syndication Agents,

      

      

      and

      

      

      BANK OF AMERICA, N.A., KEYBANK NATIONAL ASSOCIATION and

      PNC BANK, NATIONAL ASSOCIATION

      as Co-Documentation Agents

       

      

      
        

      

      

      JPMORGAN CHASE BANK, N.A.,

      BMO CAPITAL MARKETS CORP.,

      U.S. BANK NATIONAL ASSOCIATION and

      WELLS FARGO SECURITIES, LLC

      as Joint Bookrunners and Joint Lead Arrangers

       

      

      
        
 

      

      

      
        
          

      

      
        TABLE OF CONTENTS

        

        

        

        

      

      	 	
              Page

            
	 	 
	
              ARTICLE I DEFINITIONS

            	
              1

            
	 	 
	 	
              SECTION 1.01. Defined Terms

            	
              1

            
	 	
              SECTION 1.02. Classification of Loans and Borrowings

            	
              47

            
	 	
              SECTION 1.03. Terms Generally

            	
              47

            
	 	
              SECTION 1.04. Accounting Terms; Agreement Accounting Principles

            	
              47

            
	 	
              SECTION 1.05. Amendment and Restatement of the Existing Credit Agreement

            	
              48

            
	 	
              SECTION 1.06. Interest Rates; LIBOR Notification

            	
              48

            
	 	
              SECTION 1.07. Certain Calculations

            	
              49

            
	 	
              SECTION 1.08. Divisions

            	
              49

            
	 	
              SECTION 1.09. Leverage Ratios

            	
              49

            
	 	 	 
	
              ARTICLE II THE CREDITS

            	
              49

            
	 	 
	 	
              SECTION 2.01. Commitments

            	
              49

            
	 	
              SECTION 2.02. Loans and Borrowings

            	51
	 	
              SECTION 2.03. Requests for Borrowings

            	
              51

            
	 	
              SECTION 2.04. Determination of Dollar Amounts

            	
              51

            
	 	
              SECTION 2.05. Swingline Loans

            	
              52

            
	 	
              SECTION 2.06. Letters of Credit

            	
              54

            
	 	
              SECTION 2.07. Funding of Borrowings

            	59
	 	
              SECTION 2.08. Interest Elections

            	
              60

            
	 	
              SECTION 2.09. Termination and Reduction of Commitments

            	61
	 	
              SECTION 2.10. Repayment and Amortization of Loans; Evidence of Indebtedness

            	62
	 	
              SECTION 2.11. Prepayment of Loans

            	64
	 	
              SECTION 2.12. Fees

            	
              66

            
	 	
              SECTION 2.13. Interest

            	
              67

            
	 	
              SECTION 2.14. Alternate Rate of Interest

            	
              68

            
	 	
              SECTION 2.15. Increased Costs

            	
              70

            
	 	
              SECTION 2.16. Break Funding Payments

            	
              71

            
	 	
              SECTION 2.17. Taxes

            	
              72

            
	 	
              SECTION 2.18. Payments Generally; Pro Rata Treatment; Sharing of Set-offs

            	
              79

            
	 	
              SECTION 2.19. Mitigation Obligations; Replacement of Lenders

            	
              81

            
	 	
              SECTION 2.20. Expansion Option

            	
              82

            
	 	
              SECTION 2.21. Market Disruption

            	83
	 	
              SECTION 2.22. Judgment Currency

            	84
	 	
              SECTION 2.23. Designation of Subsidiary Borrowers

            	84
	 	
              SECTION 2.24. Defaulting Lenders

            	85
	 	
              SECTION 2.25. Extension of Maturity Date

            	87
	 	
              SECTION 2.26. Foreign Financing Obligations

            	89
	 	
              SECTION 2.27. MIRE Events

            	89
	 	 	 
	
              ARTICLE III REPRESENTATIONS AND WARRANTIES

            	90
	 	 
	 	
              SECTION 3.01. Corporate Existence and Power.

            	90
	 	
              SECTION 3.02. Authorization.

            	90
	 	
              SECTION 3.03. Binding Effect.

            	90
	 	
              SECTION 3.04. No Conflict; Government Consent.

            	90
	 	
              SECTION 3.05. Financial Statements; Material Adverse Change.

            	91
	 	
              SECTION 3.06. Litigation and Contingent Obligations.

            	91

      

      

      
        
          

      

      
      	 	
              SECTION 3.07. Compliance With ERISA.

            	91
	 	
              SECTION 3.08. Taxes.

            	92
	 	
              SECTION 3.09. Subsidiaries.

            	92
	 	
              SECTION 3.10. Not an Investment Company

            	92
	 	
              SECTION 3.11. Ownership of Property

            	92

            
	 	
              SECTION 3.12. Material Agreements; Default.

            	92
	 	
              SECTION 3.13. Full Disclosure.

            	92
	 	
              SECTION 3.14. Environmental Matters.

            	93
	 	
              SECTION 3.15. Insolvency.

            	93
	 	
              SECTION 3.16. Compliance with Laws; Sanctions and Regulations

            	93
	 	
              SECTION 3.17. Regulation U

            	94
	 	
              SECTION 3.18. Insurance

            	94
	 	
              SECTION 3.19. Senior Note Debt

            	94
	 	
              SECTION 3.20. Security Interest in Collateral

            	94
	 	
              SECTION 3.21. Use of Proceeds

            	94
	 	
              SECTION 3.22. Works Council.

            	94
	 	
              SECTION 3.23. EEA Financial Institutions

            	94
	 	
              SECTION 3.24. Dutch Fiscal Unity

            	95
	 	
              SECTION 3.25. Centre of Main Interests

            	95
	 	 	 
	
              ARTICLE IV CONDITIONS

            	95
	 	 
	 	
              SECTION 4.01. Effective Date

            	95
	 	
              SECTION 4.02. Each Credit Event

            	96
	 	
              SECTION 4.03. Designation of a Subsidiary Borrower

            	96
	 	 	 
	
              ARTICLE V AFFIRMATIVE COVENANTS

            	98
	 	 
	 	
              SECTION 5.01. Information

            	98
	 	
              SECTION 5.02. Inspection of Property, Books and Records.

            	99
	 	
              SECTION 5.03. Maintenance of Existence.

            	100
	 	
              SECTION 5.04. Use of Proceeds.

            	100
	 	
              SECTION 5.05. Compliance with Laws; Payment of Taxes and Other Claims.

            	101
	 	
              SECTION 5.06. Insurance.

            	101
	 	
              SECTION 5.07. Change in Fiscal Year

            	102
	 	
              SECTION 5.08. Maintenance of Property

            	102
	 	
              SECTION 5.09. Guarantees

            	102
	 	
              SECTION 5.10. Most Favored Lender Status

            	103
	 	
              SECTION 5.11. Collateral Security; Further Assurances

            	103
	 	
              SECTION 5.12. Dutch Fiscal Unity

            	106
	 	
              SECTION 5.13. Dutch Fiscal Unity Termination

            	106
	 	 	 
	
              ARTICLE VI NEGATIVE COVENANTS

            	106
	 	 
	 	
              SECTION 6.01. Restricted Payments

            	106
	 	
              SECTION 6.02. Loans or Advances

            	108
	 	
              SECTION 6.03. Investments and Acquisitions.

            	109
	 	
              SECTION 6.04. Liens.

            	112
	 	
              SECTION 6.05. Indebtedness.

            	115
	 	
              SECTION 6.06. Consolidations, Mergers and Sales of Assets

            	110
	 	
              SECTION 6.07. Financial Covenants

            	122
	 	
              SECTION 6.08. [Intentionally Omitted]

            	122
	 	
              SECTION 6.09. Rate Management Transactions

            	122
	 	
              SECTION 6.10. Lines of Business

            	122

      

      

      
        ii

        
          

      

      	 	
              SECTION 6.11. Environmental Matters

            	122
	 	
              SECTION 6.12. Transactions with Affiliates

            	122
	 	
              SECTION 6.13. Optional Payments and Modifications of Debt

            	123
	 	
              SECTION 6.14. Restrictive Agreements

            	124
	 	 	 
	
              ARTICLE VII EVENTS OF DEFAULT

            	126
	 	 
	
              ARTICLE VIII THE ADMINISTRATIVE AGENT

            	129
	 	 
	 	
              SECTION 8.01. Authorization and Action

            	129
	 	
              SECTION 8.02. Agents’ Reliance, Indemnification, Etc

            	131
	 	
              SECTION 8.03. Posting of Communications

            	132
	 	
              SECTION 8.04. The Agents Individually

            	133
	 	
              SECTION 8.05. Successor Agents

            	134
	 	
              SECTION 8.06. Acknowledgements of Lenders and Issuing Banks

            	135
	 	
              SECTION 8.07. Collateral Matters

            	135
	 	
              SECTION 8.08. Credit Bidding

            	136
	 	
              SECTION 8.09. Certain ERISA Matters

            	137
	 	
              SECTION 8.10. Certain Foreign Pledge Matters

            	138
	 	 	 
	
              ARTICLE IX MISCELLANEOUS

            	139
	 	 
	 	
              SECTION 9.01. Notices

            	139
	 	
              SECTION 9.02. Waivers; Amendments

            	141
	 	
              SECTION 9.03. Expenses; Indemnity; Damage Waiver

            	144
	 	
              SECTION 9.04. Successors and Assigns

            	145
	 	
              SECTION 9.05. Survival

            	150
	 	
              SECTION 9.06. Counterparts; Integration; Effectiveness; Electronic Execution

            	151
	 	
              SECTION 9.07. Severability

            	151
	 	
              SECTION 9.08. Right of Setoff

            	151
	 	
              SECTION 9.09. Governing Law; Jurisdiction; Consent to Service of Process

            	151
	 	
              SECTION 9.10. WAIVER OF JURY TRIAL

            	153
	 	
              SECTION 9.11. Headings

            	153
	 	
              SECTION 9.12. Confidentiality

            	153
	 	
              SECTION 9.13. USA PATRIOT Act; Beneficial Ownership Regulation

            	155
	 	
              SECTION 9.14. Interest Rate Limitation

            	155
	 	
              SECTION 9.15. No Advisory or Fiduciary Responsibility

            	155
	 	
              SECTION 9.16. Attorney Representation

            	156
	 	
              SECTION 9.17. Acknowledgement and Consent to Bail-In of EEA Financial Institutions

            	156
	 	
              SECTION 9.18. Releases of Guarantor and Collateral

            	157
	 	
              SECTION 9.19. Appointment for Perfection

            	158
	 	
              SECTION 9.20. Acknowledgement Regarding Any Supported QFCs

            	158
	 	 	 
	
              ARTICLE X COMPANY GUARANTEE

            	158

      

      

      
        iii

        
          

      

      	
              SCHEDULES:

            	 	 
	 	 	 
	
              Schedule 2.01

            	
              --

            	
              Commitments

            
	
              Schedule 2.05

            	
              --

            	
              Swingline Sublimits

            
	
              Schedule 2.06

            	
              --

            	
              Existing Letters of Credit

            
	
              Schedule 3.06

            	
              --

            	
              Litigation

            
	
              Schedule 3.09

            	
              --

            	
              Subsidiaries

            
	
              Schedule 5.11

            	
              --

            	
              Mortgaged Properties

            
	
              Schedule 6.03

            	
              --

            	
              Investments

            
	
              Schedule 6.04

            	
              --

            	
              Liens

            
	
              Schedule 6.05

            	
              --

            	
              Indebtedness

            
	
              Schedule 6.12

            	
              --

            	
              Transactions with Affiliates

            

      

      

      	
              EXHIBITS:

            	 	 
	 	 	 
	
              Exhibit A

            	
              --

            	
              Form of Assignment and Assumption

            
	
              Exhibit B-1

            	
              --

            	
              Form of Opinion of Foley & Lardner LLP

            
	
              Exhibit B-2

            	
              --

            	
              Form of Opinion of Special UK Counsel

            
	
              Exhibit C-1

            	
              --

            	
              Form of Increasing Lender Supplement

            
	
              Exhibit C-2

            	
              --

            	
              Form of Augmenting Lender Supplement

            
	
              Exhibit D-1

            	
              --

            	
              Form of Revolving Credit Note

            
	
              Exhibit D-2

            	
              --

            	
              Form of Dollar Term Loan Note

            
	
              Exhibit D-3

            	
              --

            	
              Form of Euro Term Loan Note

            
	
              Exhibit E

            	
              --

            	
              List of Closing Documents

            
	
              Exhibit F-1

            	
              --

            	
              Form of Borrowing Subsidiary Agreement

            
	
              Exhibit F-2

            	
              --

            	
              Form of Borrowing Subsidiary Termination

            
	
              Exhibit G-1

            	
              --

            	
              Form of Borrowing Request

            
	
              Exhibit G-2

            	
              --

            	
              Form of Interest Election Request

            
	
              Exhibits H-1-4

            	
              --

            	
              Form of U.S. Tax Compliance Certificates

            
	
              Exhibit I

            	
              --

            	
              Form of Compliance Certificate

            

      

      

      
        iv

        
          

      

      FOURTH AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”) dated as of June 28, 2019 among MODINE MANUFACTURING COMPANY, AIREDALE INTERNATIONAL AIR CONDITIONING LIMITED, the other
        SUBSIDIARY BORROWERS from time to time party hereto, the LENDERS from time to time party hereto, JPMORGAN CHASE BANK, N.A., as Administrative Agent and as Collateral Agent, BANK OF MONTREAL, U.S. BANK NATIONAL ASSOCIATION and WELLS FARGO BANK,
        NATIONAL ASSOCIATION, as Syndication Agents and BANK OF AMERICA, N.A., KEYBANK NATIONAL ASSOCIATION and PNC BANK, NATIONAL ASSOCIATION, as Co-Documentation Agents.

      

      

      WHEREAS, the Company, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent and collateral agent thereunder, are currently party to the Third Amended and Restated Credit
        Agreement, dated as of November 15, 2016 (as amended, supplemented or otherwise modified prior to the date hereof, the “Existing Credit Agreement”).

      

      

      WHEREAS, the Company, the Lenders, the Administrative Agent and the Collateral Agent have agreed to enter into this Agreement in order to (i) amend and restate the Existing Credit Agreement in its
        entirety; (ii) re-evidence the “Obligations” under, and as defined in, the Existing Credit Agreement, which shall be repayable in accordance with the terms of this Agreement; and (iii) set forth the terms and conditions under which the Lenders
        will, from time to time, make loans and extend other financial accommodations to or for the benefit of the Borrowers.

      

      

      WHEREAS, it is the intent of the parties hereto that this Agreement not constitute a novation of the obligations and liabilities of the parties under the Existing Credit Agreement or be deemed to
        evidence or constitute full repayment of such obligations and liabilities, but that this Agreement amend and restate in its entirety the Existing Credit Agreement and re-evidence the obligations and liabilities of the Company outstanding
        thereunder, which shall be payable in accordance with the terms hereof.

      

      

      WHEREAS, it is also the intent of the Company to confirm that all obligations under the applicable “Loan Documents” (as referred to and defined in the Existing Credit Agreement) shall continue in
        full force and effect as modified or restated by the Loan Documents (as referred to and defined herein) and that, from and after the Effective Date, all references to the “Credit Agreement” contained in any such existing “Loan Documents” shall be
        deemed to refer to this Agreement.

      

      

      NOW, THEREFORE, in consideration of the premises and the mutual covenants contained herein, the parties hereto agree that the Existing Credit Agreement is hereby amended and restated as follows:

      

      

      ARTICLE I

      

      

      

      Definitions

      

      

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

      

      

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

      

      

      
        
          

      

      
      “Acquisition” means any transaction, or any series of related transactions, consummated on or after the date of this Agreement, by which the Company or any of its Subsidiaries (but excluding
        transactions solely among the Company and/or one or more of its Subsidiaries) (i) acquires any going business or all or substantially all of the assets of any firm, corporation or limited liability company, or division thereof, whether through
        purchase of assets, merger or otherwise or (ii) directly or indirectly acquires (in one transaction or as the most recent transaction in a series of related transactions) at least a majority (in number of votes) of the securities of a corporation
        which have ordinary voting power for the election of directors (other than securities having such power only by reason of the happening of a contingency) or a majority (by percentage or voting power) of the outstanding ownership  interests of a
        partnership or limited liability company.

      

      

      “Acquisition Consideration” means the aggregate amount of all consideration paid or payable, including all direct payments, all Indebtedness assumed, all earnouts and other contingent
        payments (other than customary indemnification obligations) and all other consideration paid or payable, by the Company and its Subsidiaries in respect of an Acquisition.

      

      

      “Acquisition-Related Incremental Term Loans” has the meaning assigned to such term in Section 2.20.

      

      

      “Additional Commitment Lender” has the meaning assigned to such term in Section 2.25(d).

      

      

      “Additional Covenant” shall mean (i) any affirmative or negative covenant or similar restriction (including any financial covenant) binding on the Company or any Subsidiary under the terms
        of any Material Indebtedness (regardless of whether such provision is labeled or otherwise characterized as a covenant) the subject matter of which is similar to that of any covenant in Articles V and VI of this Agreement, or
        related definitions herein, but contains one or more percentages, amounts or formulas that is more restrictive than those set forth herein or more beneficial to the lender under any agreement with respect to any Material Indebtedness of the Company
        or such Subsidiary or any agreement for the refinancing or extension of all or a portion of the Material Indebtedness thereunder (and such covenant or similar restriction shall be deemed an Additional Covenant only to the extent that it is more
        restrictive or more beneficial) or (ii) any covenant (or other provision having similar effect) the subject matter of which pertains to measurement of the Company’s consolidated financial condition or consolidated financial performance, including a
        measurement of the Company’s leverage, ability to cover expenses, earnings, net income, fixed charges, interest expense, net worth or other component of the Company’s consolidated financial position or results of operations (however expressed and
        whether stated as a ratio, a fixed amount, as an event of default or otherwise) and whether such covenant (or other provision) is similar to or different from the covenants contained in Article V or VI of this Agreement, or related definitions in
        this Agreement or (iii) any requirement or restriction binding on the Company or any Subsidiary under the terms of the Senior Note Purchase Agreement that is labeled or otherwise characterized as an affirmative or negative covenant (or that,
        regardless of how so labeled or characterized, would customarily be labeled or otherwise characterized as an affirmative or negative covenant in a note purchase agreement similar to the Senior Note Purchase Agreement, as reasonably determined by
        the Administrative Agent) that is different from the subject matter of any covenants in Articles V or VI of this Agreement, or related definitions in this Agreement ; provided, that (i) “Additional Covenants” shall not include covenants (or other
        provisions having similar effect) in an agreement with respect to Material Indebtedness of a Foreign Subsidiary unless such Material Indebtedness constitutes Applicable Foreign Indebtedness and (ii) any covenant (or other provision having similar
        effect) contained in an agreement relating to any Applicable Foreign Indebtedness which constitutes an Additional Covenant hereunder shall only apply to the same Persons to which the covenant (or other provision having similar effect) contained in
        such Applicable Foreign Indebtedness applies.

      

      

      
        2

        
          

      

      “Additional Default” shall mean any provision contained in any agreement with respect to any Material Indebtedness of the Company or any Subsidiary or any agreement for the refinancing or
        extension of all or a portion of the Material Indebtedness thereunder which permits the holders of such Material Indebtedness to accelerate (with the passage of time or giving of notice or both) the maturity thereof or otherwise requires the
        Company or any Subsidiary to purchase the Material Indebtedness thereunder or any agreement for the refinancing or extension of all or a portion of the Material Indebtedness thereunder prior to the stated maturity thereof and which is similar to
        any Event of Default contained in Article VII of this Agreement, or related definitions herein, but contains one or more percentages, amounts or formulas that is more restrictive or has a shorter grace period than those set forth herein or
        is more beneficial to the lender under any agreement with respect to any Material Indebtedness of the Company or such Subsidiary or any agreement for the refinancing or extension of all or a portion of the Material Indebtedness thereunder (and such
        provision shall be deemed an Additional Default only to the extent that it is more restrictive, has a shorter grace period or is more beneficial) and (ii) any event or circumstance that is labeled or otherwise characterized as an event of default
        in the Senior Note Purchase Agreement (or that, regardless of how so labeled or characterized, would customarily be labeled or otherwise characterized as an event of default in a note purchase agreement similar to the Senior Note Purchase
        Agreement, as reasonably determined by the Administrative Agent) that is different from the subject matter of any Events of Default contained in Article VII of this Agreement, or related definitions in this Agreement ; provided, that (i)
        “Additional Defaults” shall not include defaults (or other provisions having similar effect) in an agreement with respect to Material Indebtedness of a Foreign Subsidiary unless such Material Indebtedness constitutes Applicable Foreign Indebtedness
        and (ii) any default (or other provision having similar effect) contained in an agreement relating to any Applicable Foreign Indebtedness which constitutes an Additional Default hereunder shall only apply to the same Persons to which the default
        (or other provision having similar effect) contained in such Applicable Foreign Indebtedness applies.

      

      

      “Adjusted LIBO Rate” means, with respect to any Eurocurrency Borrowing for any Interest Period, an interest rate per annum equal to (a) the LIBO Rate for such Interest Period multiplied by
        (b) the Statutory Reserve Rate.

      

      

      “Administrative Agent” means JPMCB (including its branches and affiliates) in its capacity as administrative agent for the Lenders hereunder, and any successor administrative agent arising
        under Section 9.04.

      

      

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

      

      

      “Affiliate” of any Person means any other Person directly or indirectly controlling, controlled by or under common control with such Person.  A Person shall be deemed to control another
        Person if the controlling Person possesses, directly or indirectly, the power to direct or cause the direction of the management or policies of the controlled Person, whether through the ownership of voting securities, membership interests, by
        contract, or otherwise.  For the avoidance of doubt, no individual shall be deemed to be an Affiliate of a Person solely because such individual is a director (or the equivalent thereof) or a senior officer of such Person.

      

      

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

      

      

      “Agreed Currencies” means with respect to (a) Revolving Loans, Agreed Loan Currencies and (b) Letters of Credit, Agreed LC Currencies.

      

      

      “Agreed LC Currencies” means (a) the Agreed Loan Currencies and (b) any other currency that is (i) readily available and freely transferable and convertible into Dollars and (ii) agreed to
        by the Company, the Administrative Agent and the relevant Issuing Bank.

      

      

      
        3

        
          

      

      “Agreed Loan Currencies” means (i) Dollars, (ii) euro, (iii) Japanese Yen, (iv) Pounds Sterling and (v) any other currency that is (A) a lawful currency (other than Dollars) that is readily
        available and freely transferable and convertible into Dollars and (B) agreed to by the Administrative Agent and each of the Revolving Lenders.

      

      

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

      

      

      “Agreement Accounting Principles” means, subject to Section 1.04, generally accepted accounting principles in the United States of America as in effect from time to time.

      

      

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

      

      

      “Alternative Rate” has the meaning assigned to such term in Section 2.14(a).

      

      

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

      

      

      “Anti-Terrorism Order” means Executive Order No. 13,224, 66 Fed. Reg. 49,079 (2001) issued by the President of the U.S. (Executive Order Blocking Property and Prohibiting Transactions with
        Persons Who Commit, Threaten to Commit, or Support Terrorism).

      

      

      “Applicable Foreign Indebtedness” means Material Indebtedness of a Foreign Subsidiary which the Company or a Domestic Subsidiary has guaranteed or as to which the Company or a Domestic
        Subsidiary is otherwise liable as borrower, co-borrower or other obligor.

      

      

      “Applicable LC Sublimit” means (i) with respect to JPMCB in its capacity as an Issuing Bank under this Agreement, $6,250,000, (ii) with respect to Bank of Montreal, in its capacity as an
        Issuing Bank under this Agreement, $6,250,000, (iii) with respect to U.S. Bank National Association, in its capacity as an Issuing Bank under this Agreement, $6,250,000, (iv) with respect to Wells Fargo Bank, National Association, in its capacity
        as an Issuing Bank under this Agreement, $6,250,000, and (v) with respect to any other Person that becomes an Issuing Bank pursuant to the terms of this Agreement, such amount as agreed to in writing by the Company, the Administrative Agent and
        such Person at the time such Person becomes an Issuing Bank pursuant to the terms of the Agreement, as each of the foregoing amounts may be decreased or increased from time to time with the written consent of the Company, the Administrative Agent
        and the Issuing Banks (provided that any increase in the Applicable LC Sublimit with respect to any Issuing Bank shall only require the consent of the Company and such Issuing Bank).

      

      

      “Applicable Maturity Date” has the meaning assigned to such term in Section 2.25(a).

      

      

      
        4

        
          

      

      “Applicable Parties” has the meaning assigned to such term in Section 8.03(c).

      

      

      “Applicable Percentage” means, with respect to any Lender, (a) with respect to Revolving Loans, Revolving Credit Exposure, LC Exposure or Swingline Loans, the percentage equal to a fraction
        the numerator of which is such Lender’s Revolving Commitment and the denominator of which is the aggregate Revolving Commitments of all Revolving Lenders (if the Revolving Commitments have terminated or expired, the Applicable Percentages shall be
        determined based upon the Revolving Commitments most recently in effect, giving effect to any assignments), (b) with respect to the Dollar Term Loans, (i) at any time prior to advancing the Dollar Term Loans, a percentage equal to a fraction the
        numerator of which is such Lender’s Dollar Term Loan Commitment and the denominator of which is the aggregate Dollar Term Loan Commitments of all Dollar Term Lenders and (ii) at any time after advancing the Dollar Term Loans, a percentage equal to
        a fraction the numerator of which is such Lender’s outstanding principal amount of the Dollar Term Loans and the denominator of which is the aggregate outstanding principal amount of the Dollar Term Loans of all Dollar Term Lenders and (c) with
        respect to the Euro Term Loans, (i) at any time prior to advancing the Euro Term Loans, a percentage equal to a fraction the numerator of which is such Lender’s Euro Term Loan Commitment and the denominator of which is the aggregate Euro Term Loan
        Commitments of all Euro Term Lenders and (ii) at any time after advancing the Euro Term Loans, a percentage equal to a fraction the numerator of which is such Lender’s outstanding principal amount of the Euro Term Loans and the denominator of which
        is the aggregate outstanding principal amount of the Euro Term Loans of all Euro Term Lenders; provided that, in the case of each of the foregoing clauses (a), (b) and (c), in the case of Section 2.24 when a Defaulting Lender shall
        exist, any such Defaulting Lender’s Revolving Commitment, Dollar Term Loan Commitment and/or Euro Term Loan Commitment, as applicable, shall be disregarded in the calculation.

      

      

      “Applicable Rate” means, for any day, with respect to any Eurocurrency Loan or any ABR Loan, or with respect to the commitment fees payable hereunder, as the case may be, the applicable rate
        per annum set forth below under the caption “Eurocurrency Spread” or “ABR Spread” or “Commitment Fee Rate”, as the case may be, based upon the Pricing Level applicable on such date:

       

      

      	
              Pricing Level

            	
              Leverage Ratio

            	
              Commitment

              Fee Rate

            	
              Eurocurrency Spread

            	
              ABR

               Spread

            
	
              Level I

            	
              ≤ 1.75 to 1.00

               

              

            	
              0.15%

            	
              1.375%

            	
              0.375%

            
	
              Level II

            	
              > 1.75 to 1.00 but

              ≤ 2.25 to 1.00

            	
              0.20%

            	
              1.50%

            	
              0.50%

            
	
              Level III

            	
              > 2.25 to 1.00 but

              ≤ 2.75 to 1.00

            	
              0.25%

            	
              1.625%

            	
              0.625%

            
	
              Level IV

            	
              > 2.75 to 1.00 but

              ≤ 3.25 to 1.00

            	
              0.30%

            	
              1.75%

            	
              0.75%

            
	
              Level V

            	
              > 3.25 to 1.00

               

              

            	
              0.35%

            	
              2.00%

            	
              1.00%

            

      

      

      If at any time the Company fails to deliver the quarterly or annual financial statements or compliance certificates required under Section 5.01 on or before the date such statements or certificates are due, Pricing Level V shall be deemed applicable for the period commencing five (5) Business Days after such required date of delivery and ending on the date which
          is five (5) Business Days after such statements or certificates are actually delivered, after which the Pricing Level shall be determined in accordance with this definition.

       

        

      
        5

        
          

      

      Except as otherwise provided in the paragraph below or in the immediately preceding paragraph, adjustments, if any, to the Pricing Level then in effect shall be effective five (5) Business Days
        after the Administrative Agent has received the applicable financial statements and certificates (it being understood and agreed that each change in Pricing Level shall apply during the period commencing on the effective date of such change and
        ending on the date immediately preceding the effective date of the next such change).

      

      

      Notwithstanding anything to the contrary set forth in this definition, Pricing Level II shall be deemed to be applicable until the Administrative Agent’s receipt of the applicable financial
        statements for the Company’s first fiscal quarter ending on or after the Effective Date and adjustments to the Pricing Level then in effect shall thereafter be effected in accordance with the terms of this definition.

      

      

      “Approved Electronic Platform” has the meaning assigned to it in Section 8.03(a).

      

      

      “Approved Fund” has the meaning assigned to such term in Section 9.04.

      

      

      “Approved Jurisdictions” means the United States, England and Wales, the Netherlands and Germany.

      

      

      “Arrangers” means each of JPMCB, BMO Capital Markets Corp., U.S. Bank National Association and Wells Fargo Securities, LLC in its capacity as a joint bookrunner and joint lead arranger
        hereunder.

      

      

      “Assignment and Assumption” means an assignment and assumption agreement entered into by a Lender and an assignee (with the consent of any party whose consent is required by Section 9.04),

        and accepted by the Administrative Agent, in the form of Exhibit A or any other form approved by the Administrative Agent.

      

      

      “Augmenting Lender” is defined in Section 2.20.

      

      

      “Authorized Officer” means any of the chief financial officer, treasurer, assistant treasurer, or controller of the Company, acting singly.

      

      

      “Available Aggregate Revolving Commitment” means, at any time, the aggregate Revolving Commitments then in effect minus the aggregate Revolving Credit Exposures at such time.

      

      

      “Available Revolving Commitment” means, at any time with respect to any Lender, the Revolving Commitment of such Lender then in effect minus the Revolving Credit Exposure of such Lender at
        such time; it being understood and agreed that any Lender’s Swingline Exposure shall not be deemed to be a component of the Revolving Credit Exposure for purposes of calculating the commitment fee under Section 2.12(a).

      

      

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

      

      

      “Bail-In Legislation” means, with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the
        implementing law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule.

      

      

      “Bail-In Lender” is defined in Section 2.19(b).

      

      

      
        6

        
          

      

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

      

      

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

      

      

      “Banking Services Obligations” means any and all obligations of any of the Company or any of its Subsidiaries, whether absolute or contingent and howsoever and whensoever created, arising,
        evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor) in connection with Banking Services.

      

      

      “Bankruptcy Code” means the Federal Bankruptcy Reform Act of 1978 (11 U.S.C. §101, et seq.).

      

      

      “Bankruptcy Event” means, with respect to any Person, such Person becomes the subject of a voluntary or involuntary bankruptcy

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

      

      

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

      

      

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

      

      

      “Benefit Plan” means any of (a) an “employee benefit plan” (as defined in
        Section 3(3) of ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in Section 4975 of the Code to which Section 4975 of the Code applies, and (c) any Person whose assets include (for purposes of the Plan Asset Regulations or
        otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”.

      

      

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

      

      

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

      

      

      “Borrower” means the Company or any Subsidiary Borrower.

       

      

      
        7

        
          

      

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

      

      

      “Borrowing Request” means a request by any Borrower for a Borrowing in accordance with Section 2.03 in substantially the form attached hereto as Exhibit G-1 or such other
        form as the Administrative Agent may approve from time to time.

      

      

      “Borrowing Subsidiary Agreement” means a Borrowing Subsidiary Agreement substantially in the form of Exhibit F-1.

      

      

      “Borrowing Subsidiary Termination” means a Borrowing Subsidiary Termination substantially in the form of Exhibit F-2.

      

      

      “Business Day” means any day that is not a Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by law to remain closed; provided that
        when used in connection with (a) a Eurocurrency Loan denominated in Dollars, the term “Business Day” shall also exclude any day on which banks are not open for dealings in Dollar deposits in the London interbank market, (b) any Borrowings or LC
        Disbursements that are the subject of a borrowing, drawing, payment, reimbursement or rate selection denominated in euro, the term “Business Day” shall also exclude any day on which the TARGET2 payment system is not open for the settlement of
        payments in euro and (c) a Eurocurrency Loan or Letter of Credit denominated in a Foreign Currency other than euro, the term “Business Day” shall also exclude any day on which banks are not open for dealings in deposits in such Foreign Currency in
        the interbank market in the principal financial center of the country whose lawful currency is such Foreign Currency.

      

      

      “Capital Expenditures” means, for any period, the aggregate of all expenditures (whether paid in cash or accrued as liabilities and including all amounts expended or capitalized as
        Capitalized Lease Obligations) by the Company and its Subsidiaries during such period that, in conformity with Agreement Accounting Principles, are or are required to be included as capital expenditures on the consolidated statement of cash flows
        of the Company and its Subsidiaries.

      

      

      “Capital Stock” means (i) in the case of any corporation, all capital stock and any securities exchangeable for or convertible into capital stock and any warrants, rights or other options to
        purchase or otherwise acquire capital stock or such securities or any other form of equity securities, (ii) in the case of an association or business entity, any and all shares, interests, participations, rights or other equivalents (however
        designated) of corporate stock, (iii) in the case of a partnership or limited liability company, partnership or membership interests (whether general or limited) and (iv) any other interest or participation that confers on a Person the right to
        receive a share of the profits and losses of, or distributions of assets of, the issuing Person.

      

      

      “Capitalized Lease” of a Person means any lease of Property by such Person as lessee which would be capitalized on a balance sheet of such Person prepared in accordance with Agreement
        Accounting Principles.

      

      

      “Capitalized Lease Obligations” of a Person means the amount of the obligations of such Person under Capitalized Leases which would be shown as a liability on a balance sheet of such Person
        prepared in accordance with Agreement Accounting Principles.

      

      

      
        8

        
          

      

      “Cash Collateralize” means to pledge and deposit in an account with the Collateral Agent (the “LC Collateral Account”), for the benefit of the Collateral Agent, the applicable Issuing
        Bank and the Revolving Lenders, as collateral or support for the LC Exposure, cash or deposit account balances, or a standby letter of credit from a financial institution satisfactory to the Collateral Agent, in each case pursuant to documentation
        in form and substance reasonably satisfactory to the Collateral Agent and the applicable Issuing Bank (which documents are hereby consented to by the Lenders).  Derivatives of such term shall have corresponding meanings.

      

      

      “Cash Equivalent Investments” means:

      

      

      (i)          direct obligations of the United States of America, Switzerland, the United Kingdom (and any nation thereof) or any member of the European Union or any agency
        thereof or obligations guaranteed by the United States of America, Switzerland, the United Kingdom (and any nation thereof) or any member of the European Union or any agency thereof, in each case with maturities not exceeding two years from the
        date of acquisition thereof;

      

      

      (ii)           with respect to Investments of a Foreign Subsidiary only, direct obligations of, or obligations guaranteed by, such Foreign Subsidiary’s Domestic National
        Government with maturities not exceeding two years from the date of acquisition thereof;

      

      

      (iii)          commercial paper, maturing not more than one year after the date of acquisition, issued by entity (other than an Affiliate of the Company) with a rating at the
        time as of which any investment therein is made of A-1 or better by S&P or P-1 or better by Moody’s (or such similar equivalent rating or higher by at least one nationally recognized statistical rating organization (as defined in Rule 436 under
        the Securities Act));

      

      

      (iv)         time deposit accounts, eurodollar time deposits, certificates of deposit, money market deposits, banker’s acceptances and other bank deposits maturing within 180
        days of the date of acquisition thereof issued by a bank or trust company (whether domestic or foreign) having capital, surplus and undivided profits in excess of $250,000,000 and whose long-term debt, or whose parent company’s long-term debt, is
        rated at least A by S&P or A2 by Moody’s;

      

      

      (v)           repurchase agreements or like investment vehicles, in each case rated A-1 or better by S&P or P-1 or better by Moody’s and having a maturity date not greater
        than 270 days;

      

      

      (vi)          securities with maturities of two years or less from the date of acquisition, issued or fully guaranteed by any State of the United States of America, or by any
        political subdivision or taxing authority thereof, and rated at least A by S&P or A by Moody’s (or such similar equivalent rating or higher by at least one nationally recognized statistical rating organization (as defined in Rule 436 under the
        Securities Act));

      

      

      (vii)         shares of mutual funds whose investment guidelines restrict 95% of such funds’ investments to those satisfying the provisions of the foregoing clauses (i) through
        (vi);

      

      

      (viii)        money market funds that (A) comply with the criteria set forth in Rule 2a-7 under the Investment Company Act of 1940, as amended from time to time, (B) are rated
        AAA by S&P or Aaa by Moody’s, and (C) have portfolio assets of at least $1,000,000,000;

      

      

      (ix)          (A) preferred stocks rated A3 or better by Moody’s or A- or better by S&P, (B) adjustable rate preferred stock funds rated A3 or better by Moody’s or A- or
        better by S&P, and (C) municipal notes with credit support provided by, and putable (within a period not to exceed one year from date of acquisition) to, financial institutions rated A or better by Moody’s, S&P, or the Fitch Ratings, Inc.;

      

      

      
        9

        
          

      

      (x)          tax exempt variable rate demand notes rated AA or better by Moody’s or S&P, provided that such notes permit the Company or any Subsidiaries to require the issuer
        to repurchase such notes after a period of not more than one year from date of acquisition thereof; and

      

      

      (xi)          in the case of any Foreign Subsidiary or, to the extent operating outside the United States of America, the Company or any of its other Subsidiaries, such local
        currencies held by it from time to time in the ordinary course of business.

      

      

      In the case of Investments by any Foreign Subsidiary or Investments made in a country outside the United States of America, Cash Equivalent Investments shall also include (a) investments of the types and maturities
        described above of foreign obligors, which Investments or obligors (or the parents of such obligors) have ratings described in such clauses or equivalent ratings from comparable foreign rating agencies and (b) other short-term investments utilized
        by Foreign Subsidiaries in accordance with normal investment practices for cash management in investments analogous to the foregoing investments.

      

      

      Notwithstanding the foregoing, Cash Equivalent Investments shall include amounts denominated in currencies other than those set forth above, provided that such amounts are converted into any currency
        contemplated above as promptly as practicable and in any event within ten (10) Business Days following the receipt of such amounts.

      

      

      “CERCLA” means the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended by the Superfund Amendments and Reauthorization Act of 1986, and as it may be
        further amended from time to time, 42 U.S.C.§§9601 et seq.

      

      

      “CFC” shall mean a “controlled foreign corporation” as defined in Section 957 of the Code.

      

      

      “Change in Control” means (a) with respect to any Person or group of Persons acting in concert, the acquisition by any such Person or group of Persons, of beneficial ownership (within the
        meaning of Rule 13d‐3 of the Securities and Exchange Commission under the Securities Exchange Act of 1934), directly or indirectly, of 35% or more of the outstanding shares of voting stock of the Company; or (b) as of any date a majority of the
        Board of Directors of the Company consists of individuals who were not either (i) directors of the Company as of the corresponding date of the previous year, (ii) selected, nominated or approved to become directors by the Board of Directors of the
        Company of which a majority consisted of individuals described in clause (i), or (iii) selected, nominated or approved to become directors by the Board of Directors of the Company of which a majority consisted of individuals described in clause (i)
        and individuals described in clause (ii).

      

      

      “Change in Law” means the occurrence, after the Effective Date (or with respect to any Lender, if later, the date on which such Lender becomes a Lender), of any of the following:  (a) the
        adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority, or (c) the making
        or issuance of any request, rule, guideline, requirement or directive (whether or not having the force of law) by any Governmental Authority; provided however, that notwithstanding anything herein to the contrary, except to the
        extent they are merely proposed and not in effect, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines, requirements and directives thereunder, issued in connection therewith or in implementation
        thereof, and (ii) all requests, rules, guidelines, requirements and directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign
        regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law” regardless of the date enacted, adopted, issued or implemented.

      

      

      
        10

        
          

      

      “Charges” has the meaning assigned to such term in Section 9.14.

      

      

      “Class”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are Revolving Loans, Dollar Term Loans, Euro Term Loans or
        Swingline Loans.

      

      

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

      

      

      “Co-Documentation Agent” means each of Bank of America, N.A., KeyBank National Association and PNC Bank, National Association in its capacity as co-documentation agent for the credit
        facilities evidenced by this Agreement.

      

      

      “Collateral” shall mean all assets of the Company and its Subsidiaries in which a Lien is required to be granted to secure the Secured Obligations.

      

      

      “Collateral Agent” means JPMCB in its capacity as collateral agent under the Collateral Documents and any successor collateral agent appointed pursuant to the terms of the Intercreditor
        Agreement.

      

      

      “Collateral Documents” means, collectively, the Intercreditor Agreement, the Security Agreements, the Mortgages and all other agreements or documents granting or perfecting a Lien in favor
        of the Collateral Agent for the benefit of the Secured Parties under the Intercreditor Agreement or otherwise providing support for the Secured Obligations at any time, as any of the foregoing may be amended, amended and restated or modified from
        time to time.

      

      

      “Combination” has the meaning assigned to such term in Section 2.09(c).

      

      

      “Combined Lender” has the meaning assigned to such term in Section 2.09(c).

      

      

      “Commitment” means, with respect to each Lender, the sum of such Lender’s Revolving Commitment, Dollar Term Loan Commitment and Euro Term Loan Commitment.  The initial amount of each
        Lender’s Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption or other documentation or record (as such term is defined in Section 9-102(a)(70) of the New York Uniform Commercial Code) as provided in Section
        9.04(b)(ii)(C) or other documentation contemplated hereby pursuant to which such Lender shall have assumed its Commitment, as applicable.

      

      

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

      

      

      “Communications” means, collectively, any notice, demand, communication, information, document or other material provided by or on behalf of any Loan Party pursuant to any Loan Document or
        the transactions contemplated therein which is distributed by the Administrative Agent, any Lender or any Issuing Bank by means of electronic communications pursuant to Section 8.03(c), including through an Approved Electronic Platform.

      

      

      
        11

        
          

      

      “Company” means Modine Manufacturing Company, a Wisconsin corporation.

      

      

      “Computation Date” is defined in Section 2.04.

      

      

      “Connection Income Taxes” means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes.

      

      

      “Consolidated EBITDA” means, as to the Company and with reference to any period, Consolidated Net Income (plus, to the extent not included in Consolidated Net Income, all cash dividends and
        cash distributions received by the Company or any Subsidiary from any Person in which the Company or any Subsidiary has made an Investment), adjusted to exclude the following items (a) through and including (l) (without duplication)
        to the extent taken into account in determining Consolidated Net Income and adjusted (without duplication) on a pro forma basis as contemplated by the following item (m), all calculated for the Company and its Subsidiaries on a consolidated
        basis in accordance with Agreement Accounting Principles:

      

      

      (a)           Consolidated Interest Expense and Receivables Transaction Financing Costs,

      

      

      (b)           expense for federal, state, local and foreign income and franchise taxes paid or accrued,

      

      

      (c)           depreciation and amortization,

      

      

      (d)           non-cash stock based compensation expense,

      

      

      (e)           non-recurring and/or unusual gains or expenses, costs, losses and charges; provided that the aggregate cash amount added back pursuant to this clause (e)
        shall not, when aggregated with the Non-S-X Adjustment Amount defined in clause (m) below, exceed the greater of $25,000,000 and fifteen (15%) of Consolidated EBITDA for such period prior to giving effect to such cash amount and the Non-S-X
        Adjustment Amount for such period,

      

      

      (f)           any other non-cash charges, losses, costs, expenses, income, gains or other non-cash items (excluding the accrual of revenue in the ordinary course and any non-cash
        gains or other items increasing Consolidated EBITDA which represent the reversal of any accrual of, or reserve for, anticipated cash charges in any prior period that reduced Consolidated EBITDA in an earlier period and any items for which cash was
        received in any prior period), it being understood that any non-cash charges, losses, costs, expenses or other items deducted in the calculation of Consolidated Net Income and added back in the determination of Consolidated EBITDA for a prior
        period shall be deducted in the calculation of Consolidated EBITDA during any subsequent period to the extent such items become cash charges during such subsequent period,

      

      

      (g)           (i) any net after-Tax loss from disposed, abandoned, transferred, closed or discontinued operations (provided that the aggregate amount permitted to be added back
        for any such loss pursuant to this clause (g)(i) shall not exceed $10,000,000 during such period) and (ii) any net after-Tax loss from disposed, abandoned, transferred, closed or discontinued operations in connection with the Dakota
        Disposition,

      

      

      (h)           costs, expenses, charges and losses with respect to liability or casualty and condemnation events, takings under power of eminent domain and similar events or
        business interruption, in each case to the extent covered by insurance and actually reimbursed or with respect to which the Company has made a determination that there exists reasonable evidence that such amount will in fact be reimbursed by the
        insurer, and only to the extent that such amount is (i) not denied by the applicable carrier in writing within 180 days (with a deduction for any amount so added back and then denied within such 180-day period) and (ii) in fact reimbursed within
        365 days of the date of such evidence (with a deduction for any amount so added back to the extent not so reimbursed within 365 days),

      

      

      
        12

        
          

      

      (i)            the Transaction Costs and any other out of pocket fees, costs and expenses incurred during such period in connection with (A) any issuance of Indebtedness
        permitted hereunder, the amendment, amendment and restatement, refinancing, retirement or repayment of any Indebtedness or any issuance of equity, (B) any Permitted Acquisitions, (C) any divestiture permitted hereunder and (D) any Investment
        permitted hereunder,

      

      

      (j)            Restructuring Charges in an amount not to exceed (i) $20,000,000 in any Fiscal Year or (ii) $50,000,000 for all times after the Effective Date,

      

      

      (k)           Make-Whole Amounts,

      

      

      (l)           fees costs and expenses relating to, and awards and settlement payments in respect of, litigation, arbitration and/or other resolutions of legal disputes (provided
        that the aggregate amount permitted to be added back for any such loss pursuant to this clause (l) shall not exceed $10,000,000 during such period), and

      

      

      (m)        with respect to each Permitted Acquisition, demonstrable cost savings and cost synergies (in each case, net of continued associated expenses) that, as of the date of
        calculation with respect to such period, are anticipated by the Company in good faith to be realized within 12 months following such Permitted Acquisition, net of the amount of any such cost savings and cost synergies otherwise included, or added
        back, pursuant to this definition, provided that (1) the amount of such cost savings and synergies under this clause (m) relating to any Permitted Acquisition may not exceed the greater of $25,000,000 and fifteen percent (15%) of the EBITDA
        (determined with respect to the target of such Permitted Acquisition, determined on a basis consistent with Consolidated EBITDA as defined herein) for such period (as calculated without giving effect to this clause (m)), (2) the amount of
        such cost savings and cost synergies that do not comply with Article 11 of Regulation S-X (the “Non-S-X Adjustment Amount”), for any four quarter period added back under this clause (m), may not, when aggregated with the amount of any
        increase to Consolidated Net Income pursuant to clause (e) above, exceed the greater of $25,000,000 and fifteen percent (15%) of Consolidated EBITDA for such period (as calculated without giving effect to any increase pursuant to clause
          (e) above and the Non-S-X Adjustment Amount), (3) such cost savings and cost synergies have been reasonably detailed by the Company in the applicable compliance certificate required by Section 5.01(c), and (4) if any cost savings or
        cost synergies included in any pro forma calculations based on the anticipation that such cost synergies or cost savings will be achieved within such 12-month period shall at any time cease to be reasonably anticipated by the Company to be so
        achieved, then on and after such time any pro forma calculations required to be made under this Agreement shall not reflect such cost synergies or cost savings, all determined in accordance with Agreement Accounting Principles for such period.

      

      

      For purposes hereof, “Consolidated EBITDA” shall be adjusted to give effect to each Acquisition, and any related Indebtedness and related interest expense, and each disposition of any Subsidiary or of all or
        substantially all of the assets of any Subsidiary or of greater than 50% of the Capital Stock of any Subsidiary (including any Indebtedness repaid in connection therewith and related interest expense), in each case that occurred during the
        applicable period as if such Acquisition or disposition had occurred at the inception of such period.

      

      

      
        13

        
          

      

      “Consolidated Interest Expense” means, with reference to any period, the interest expense of the Company and its Subsidiaries calculated on a consolidated basis for such period including,
        without limitation, such interest expense as may be attributable to Capitalized Leases, Receivables Transaction Financing Costs, the discount or implied interest component of Off-Balance Sheet Liabilities (as reasonably determined by the Company in
        consultation with the Administrative Agent), all commissions, discounts and other fees and charges owed with respect to Letters of Credit, bankers acceptances and similar instruments and net payments (if any) pursuant to Rate Management
        Transactions, but excluding or net of, as applicable, (i) any Make-Whole Amounts, (ii) amortization of fees in respect of any issuance, amendment to or modification of Indebtedness and (iii) net receipts (if any) pursuant to Rate Management
        Transactions.

      

      

      “Consolidated Net Income” means, with reference to any period, the net income (or loss) of the Company and its Subsidiaries calculated on a consolidated basis for such period in conformity
        with Agreement Accounting Principles.

      

      

      “Consolidated Tangible Assets” means, as of any date of determination thereof, consolidated total assets minus the Intangible Assets of the Company and its Subsidiaries on such date.

      

      

      “Consolidated Total Debt” means at any time the principal amount of all Indebtedness of the Company and its Subsidiaries calculated on a consolidated basis.

      

      

      “Contingent Obligation” of a Person means any agreement, undertaking or arrangement by which such Person assumes, guarantees, endorses, contingently agrees to purchase or provide funds for
        the payment of, or otherwise becomes or is contingently liable upon, the obligation or liability of any other Person, or agrees to maintain the net worth or working capital or other financial condition of any other Person, or otherwise assures any
        creditor of such other Person against loss, including, without limitation, to the extent the foregoing are contained therein, any comfort letter, operating agreement, take‐or‐pay contract or the obligations of any such Person as general partner of
        a partnership with respect to the liabilities of the partnership, but excluding contingent liabilities arising with respect to (i) customary indemnification obligations in favor of sellers in connection with Permitted Acquisitions, purchasers in
        connection with dispositions permitted under Section 6.06 and otherwise, and (ii) warranties and other similar undertakings arising in the ordinary course of business, whether under contracts or by operation of law, to buyers in connection
        with the sale of goods and/or services.

      

      

      “Controlled Group” means all members of a controlled group of corporations or other business entities and all trades or businesses (whether or not incorporated) under common control which,
        together with the Company or any of its Subsidiaries, are treated as a single employer under Section 414 of the Code.

      

      

      “Country Risk Event”  means:

      

      

      (a)   any law, action or failure to act by any Governmental Authority in any Borrower’s or Letter of Credit beneficiary’s country which has the effect of:

      

      

      (i)    changing the obligations of any Issuing Bank or the Lenders under the relevant Letter of Credit, the Agreement or any of the other Loan Documents as
        originally agreed or otherwise creating any additional liability, cost or expense to any Issuing Bank, the Lenders or the Administrative Agent from that which exists on the Effective Date,

      

      

      
        14

        
          

      

      (ii)   changing the ownership or control by such Borrower or Letter of Credit beneficiary of its business, or

      

      

      (iii)  preventing or restricting the conversion into or transfer of the applicable Agreed Currency;

      

      

      (b)   force majeure; or

      

      

      (c)   any similar event

      

      

      which, in relation to (a), (b) and (c), directly or indirectly, prevents or restricts the payment or transfer of any amounts owing under the relevant Letter of Credit in the applicable Agreed Currency into an account
        designated by the Administrative Agent or such Issuing Bank and freely available to the Administrative Agent or such Issuing Bank.

      

      

      “Covered Entity” means any of the following:

      

      

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

      

      

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

      

      

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

      

      

      “Covered Party” has the meaning assigned to it in Section 9.20.

      

      

      “Credit Event” means a Borrowing, the issuance or extension of a Letter of Credit, the amendment of a Letter of Credit that increases the face amount thereof, an LC Disbursement or any of
        the foregoing.

      

      

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

      

      

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

      

      

      “Dakota Disposition” means the sale or other disposition of the automotive thermal management portion of the Company’s Vehicular Thermal Solutions segment.

      

      

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

      

      

      
        15

        
          

      

      “Defaulting Lender” means any Lender that (a) has failed, within three (3) Business Days of the date required to be
          funded or paid, to (i) fund any portion of its Loans, (ii) fund any portion of its participations in Letters of Credit or Swingline Loans or (iii) pay over to any Credit Party any other amount required to be paid by it hereunder, unless, in the
          case of clause (i) above, such Lender notifies the Administrative Agent in writing that such failure is the result of such Lender’s good faith determination that a condition precedent to funding (specifically identified and including the
          particular default, if any) has not been satisfied, (b) has notified the Company or any Credit Party in writing, or has made a public statement to the effect, that it does
          not intend or expect to comply with any of its funding obligations under this Agreement (unless such writing or public statement indicates that such position is based on such Lender’s good faith determination that a condition precedent
          (specifically identified and including the particular default, if any) to funding a loan under this Agreement cannot be satisfied) or generally under other agreements in which it commits to extend credit, (c) has failed, within three (3) Business
          Days after request by the Company or the Administrative Agent, acting in good faith, to provide a certification in writing from an authorized officer of such Lender that it will comply with its obligations (and is financially able to meet such
          obligations) to fund prospective Loans and participations in then outstanding Letters of Credit and Swingline Loans under this Agreement, provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon such Credit
          Party’s receipt of such certification in form and substance satisfactory to it and the Administrative Agent, or (d) has become the subject of (i) a Bankruptcy Event and/or (ii) a Bail-In Action.

      

      

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

      

      

      “Designated Persons” means a person or entity: (i) listed in the annex to, or otherwise the subject of the provisions of, any Executive Order; or (ii) named as a “Specially Designated
        National and Blocked Person” (“SDN”) on the most current list published by OFAC at its official website or any replacement website or other replacement official publication of such list; or is otherwise the subject of any Sanctions.

      

      

      “Disqualified Institutions” means (i) those Persons identified by the Company to the Administrative Agent and the Lenders in writing prior to the Effective Date, (ii) those Persons that are
        reasonably determined by the Company to be competitors of the Company or any of its Subsidiaries and that have been specifically identified by the Company to the Administrative Agent and the Lenders in writing prior to the Effective Date and (iii)
        in the case of each of clauses (i) and (ii), any of their respective Affiliates, to the extent any such Affiliate (x) is clearly identifiable as an Affiliate of the applicable Person solely by similarity of such Affiliate’s name and (y) is not a
        bona fide debt investment fund that is an Affiliate of such Person; provided that, the Company, by notice to the Administrative Agent and the Lenders after the Effective Date, shall be permitted to supplement from time to time in writing by
        name the list of Persons that are Disqualified Institutions to the extent that the Persons added by such supplements are competitors of the Company or any of its Subsidiaries (or Affiliates of competitors that are not bona fide debt investment
        funds). Each such supplement shall become effective three (3) Business Days after delivery thereof to the Administrative Agent and the Lenders (including through an Approved Electronic Platform) in accordance with Section 9.01, but shall not apply
        retroactively to disqualify any Persons that have previously acquired an assignment or participation interest in the Loans (but solely with respect to such Loans).  It is understood and agreed that (A) the Administrative Agent shall have no
        responsibility or liability to determine or monitor whether any Lender or potential Lender is a Disqualified Institution, (B) the Company’s failure to deliver such list (or supplement thereto) in accordance with Section 9.01 shall render such list
        (or supplement) not received and not effective and (C) “Disqualified Institution” shall exclude any Person that the Company has designated as no longer being a “Disqualified Institution” by written notice delivered to the Administrative Agent from
        time to time in accordance with Section 9.01.

      

      

      
        16

        
          

      

      “Disqualified Stock” means any Capital Stock that, by its terms (or by the terms of any security into which it is convertible or for which it is
        exchangeable), or upon the happening of any event, matures or is mandatorily redeemable, pursuant to a sinking fund obligation or otherwise, or redeemable at the option of the holder thereof, in whole or in part prior to a date one year after the
        latest Maturity Date at the time such Capital Stock is issued.

      

      

      “Disregarded Entity” means an entity that, pursuant to Treas. Reg. § 301.7701-2(c)(2), is disregarded for U.S. federal income Tax purposes as an entity separate from its owner.

      

      

      “Dollar Amount” of any currency means, at the time of determination thereof, (a) if such amount is expressed in Dollars, such amount, (b) if such amount is
          expressed in a Foreign Currency, the equivalent of such amount in Dollars determined by using the rate of exchange for the purchase of the Dollars with such Foreign Currency in the London foreign exchange market at or about 11:00 a.m. London time
          (or New York time, as applicable) on a particular day as displayed by ICE Data Services  as the “ask price”, or as displayed on such other information service which publishes that rate of exchange from time to time in place of ICE Data Services
          (or if such service ceases to be available, the equivalent of such amount in Dollars as reasonably determined by the Administrative Agent, in consultation with the Company, using any reasonable method of determination it deems reasonably
          appropriate) and (c) if such amount is denominated in any other currency, the equivalent of such amount in Dollars as reasonably determined by the Administrative Agent, in consultation with the Company, using any reasonable method of
          determination it deems reasonably appropriate.

      

      

      “Dollar Term Lender” means, as of any date of determination, each Lender having a Dollar Term Loan Commitment or that holds Dollar Term Loans.

      

      

      “Dollar Term Loan Commitment” means (a) as to any Dollar Term Lender, the aggregate commitment of such Dollar Term Lender to make Dollar Term Loans as set forth on Schedule 2.01 or
        in the most recent Assignment and Assumption or other documentation contemplated hereby executed by such Dollar Term Lender and (b) as to all Dollar Term Lenders, the aggregate commitment of all Dollar Term Lenders to make Dollar Term Loans, which
        aggregate commitment shall be $155,000,000 on the date of this Agreement.  After advancing the Dollar Term Loans, each reference to a Dollar Term Lender’s Dollar Term Loan Commitment shall refer to that Dollar Term Lender’s Applicable Percentage of
        the Dollar Term Loans.

      

      

      “Dollar Term Loan Maturity Date” means June 28, 2024, as extended (in the case of each Dollar Term Lender consenting thereto) pursuant to Section 2.25.

      

      

      “Dollar Term Loans” means the term loans made by the Dollar Term Lenders to the Company pursuant to Section 2.01(b).

      

      

      “Dollars” or “$” refers to lawful money of the United States of America.

      

      

      “Domestic National Government” means, with respect to a Foreign Subsidiary, the national government of the country in which the Foreign Subsidiary’s principal place of business is located.

      

      

      “Domestic Subsidiary” means each Subsidiary of the Company which is organized under the laws of the United States of America or any state, territory or possession thereof.

      

      

      “DQ List” has the meaning specified in Section 9.04(e)(iv) hereof.

      

      

      “Dutch Borrower” means any Borrower that is incorporated under the laws of the Netherlands or otherwise exists in the Netherlands.

      

      

      
        17

        
          

      

      
      “Dutch CRR” means the Regulation (EU) No 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit institutions and investment firms and
        amending Regulation (EU) No 648/2012.

      

      

      “Dutch Non-Public Lender” means: (i) until the publication of an interpretation of “public” as referred to in the Dutch CRR by the competent authority/ies:  an
          entity which (x) assumes existing rights and/or obligations vis-à-vis a Dutch Borrower, the value of which is at least €100,000 (or its equivalent in another currency), (y) provides repayable funds for an initial amount of at least €100,000 (or
          its equivalent in another currency) or (z) otherwise qualifies as not forming part of the public; and (ii) as soon as the interpretation of the term “public” as referred to in the Dutch CRR has been published
          by the relevant authority/ies: an entity which is not considered to form part of the public on the basis of such interpretation.

      

      

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

      

      

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

      

      

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

      

      

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

      

      

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

      

      

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

      

      

      “Eligible Subsidiary” means any (i) Subsidiary organized under the laws of an Approved Jurisdiction and (ii) Foreign Subsidiary that is approved from time to time by the Administrative Agent
        and each of the Revolving Lenders.

      

      

      “Environmental Laws” means any and all federal, state, local and foreign statutes, laws, judicial decisions, regulations, ordinances, rules, judgments, orders, decrees, plans, injunctions,
        permits, concessions, grants, franchises, licenses, agreements and other governmental restrictions relating to (i) the protection of the environment, (ii) the effect of the environment on human health, (iii) emissions, discharges or releases of
        pollutants, contaminants, hazardous substances or wastes into surface water, ground water or land, or (iv) the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of pollutants, contaminants, hazardous
        substances or wastes or the clean-up or other remediation thereof, including, without limitation, CERCLA.

      

      

      
        18

        
          

      

      “Environmental Liabilities” means all liabilities (including anticipated compliance costs) in connection with or relating to the business, assets presently or previously owned, leased or
        operated property, activities (including, without limitation, off-site disposal) or operations of the Company and each of its Subsidiaries, whether vested or unvested, contingent or fixed, actual or potential, known or unknown, which arise under or
        relate to matters covered by Environmental Laws.

      

      

      “Environmental Proceeding” means any judicial or administrative proceeding arising from or in any way associated with any Environmental Law.

      

      

      “Environmental Release” means releases as defined in CERCLA or under any other Environmental Law.

      

      

      “ERISA” means the Employee Retirement Income Security Act of 1974, as amended from time to time, and any rule or regulation issued thereunder.

      

      

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

      

      

      “ERISA Event” means (a) any “reportable event”, as defined in Section 4043 of ERISA or the regulations issued thereunder with respect to a Plan (other than an event for which the 30 day
        notice period is waived); (b) the existence with respect to any Plan of an “accumulated funding deficiency” (as defined in Section 412 of the Code or Section 302 of ERISA), whether or not waived; (c) the filing pursuant to Section 412(d) of the
        Code or Section 303(d) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan; (d) the incurrence by the Company or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the
        termination of any Plan; (e) the receipt by the Company or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan; (f) the
        incurrence by the Company or any of its ERISA Affiliates of any liability with respect to the withdrawal or partial withdrawal from any Plan or Multiemployer Plan; or (g) the receipt by the Company or any ERISA Affiliate of any notice, or the
        receipt by any Multiemployer Plan from the Company or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent or in reorganization, within
        the meaning of Title IV of ERISA.

      

      

      “EU” means the European Union.

      

      

      “EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the Loan Market Association (or any successor Person), as in effect from time to time.

      

      

      “euro” and/or “EUR” means the single currency of the Participating Member States.

      

      

      “Euro Term Lender” means, as of any date of determination, each Lender having a Euro Term Loan Commitment or that holds Euro Term Loans.

       

      

      
        “Euro Term Loan Commitment” means (a) as to any Euro Term Lender, the aggregate commitment of such Euro Term Lender to make Euro Term Loans as set forth on Schedule 2.01 or in the most recent
          Assignment and Assumption or other documentation contemplated hereby executed by such Euro Term Lender and (b) as to all Euro Term Lenders, the aggregate commitment of all Euro Term Lenders to make Euro Term Loans, which aggregate commitment
          shall be €40,000,000 on the date of this Agreement.  After advancing the Euro Term Loans, each reference to a Euro Term Lender’s Euro Term Loan Commitment shall refer to that Euro Term Lender’s Applicable Percentage of the Euro Term Loans.

         

        

        
          19

          
            

        

        
          
            “Euro Term Loan Maturity Date” means June 28, 2024, as extended (in the case of each Euro Term Lender consenting thereto) pursuant to Section 2.25.

            

            

            “Euro Term Loans” means the term loans made by the Euro Term Lenders to the Company pursuant to Section 2.01(c).

            

            

            “Eurocurrency”, when used in reference to a currency means an Agreed Currency and when used in reference to any Loan or Borrowing, means that such Loan, or the Loans comprising such
              Borrowing, bears interest at a rate determined by reference to the Adjusted LIBO Rate except pursuant to clause (c) of the definition of “Alternate Base Rate”.

            

            

            “Eurocurrency Payment Office” of the Administrative Agent shall mean, for each of the Agreed Currencies which is a Foreign Currency, the office, branch, affiliate or correspondent bank
              of the Administrative Agent for such currency as specified from time to time by the Administrative Agent to the Company and each Lender.

            

            

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

            

            

            “Excluded Subsidiary” means (a) any Subsidiary that is a captive insurance company, (b) any Subsidiary that is a special purpose entity for asset securitization or other off balance
              sheet purposes and with respect to which becoming a Guarantor would violate requirements set forth in its organizational documents, debt agreements or applicable law, (c) any Subsidiary prohibited by law from becoming a Guarantor, (d) joint
              venture Subsidiaries formed after the date of this Agreement to the extent the organizational documents of any such joint venture Subsidiary prohibit it from becoming a Guarantor, (e) any FSHCO or Domestic Subsidiary of any Foreign Subsidiary
              that is a CFC and (f) any not-for-profit Subsidiary.

            

            

            “Excluded Swap Obligation” means, with respect to any Loan Party, any Specified Swap Obligation if, and to the extent that, all or a portion of the Guarantee of such Loan Party of, or
              the grant by such Loan Party of a security interest to secure, such Specified Swap Obligation (or any Guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading
              Commission (or the application or official interpretation of any thereof) (a) by virtue of such Loan Party’s failure for any reason to constitute an ECP at the time the Guarantee of such Loan Party or the grant of such security interest
              becomes or would become effective with respect to such Specified Swap Obligation or (b) in the case of a Specified Swap Obligation subject to a clearing requirement pursuant to Section 2(h) of the Commodity Exchange Act (or any successor
              provision thereto), because such Loan Party is a “financial entity,” as defined in Section 2(h)(7)(C)(i) of the Commodity Exchange Act (or any successor provision thereto), at the time the Guarantee of such Loan Party or the grant of such
              security interest becomes or would become effective with respect to such related Specified Swap Obligation.  If a Specified Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the
              portion of such Specified Swap Obligation that is attributable to swaps for which such Guarantee or security interest is or becomes illegal.

            

            

            “Excluded Taxes” means, with respect to the Administrative Agent, any Lender, any Issuing Bank or any other recipient of any payment to be made by or on account of any obligation of
              any Borrower or any guarantor under any Loan Document, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes and branch profits Taxes, in each case, (i) imposed by the jurisdiction under the laws of which such
              recipient is organized or in which it has a principal office or, in the case of any Lender, in which its applicable lending office is located or (ii) that are Other Connection Taxes, (b) in the case of a Lender, any U.S. federal withholding
              Tax that is imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan, Letter of Credit or Commitment pursuant to a law in effect on the date on which (i) such Lender becomes a party to
              this Agreement (other than pursuant to an assignment request by the Company or any other Borrower under Section 2.19(b)) or (ii) such Lender designates a new lending office, except in each case to the extent that such Lender (or its
              assignor, if any) was entitled, immediately before the designation of a new lending office (or an assignment), to receive additional amounts pursuant to Section 2.17(a), (c) other than in respect of payments from a Loan Party
              incorporated in the United Kingdom (to which the provisions of Section 2.17(j) shall apply), Taxes attributable to such recipient’s failure to comply with Section 2.17(e) and (d) any withholding Tax that is imposed under
              FATCA.

            

            

            
              20

              
                

            

            “Existing Credit Agreement” is defined in the recitals hereof.

            

            

            “Existing Letters of Credit” has the meaning assigned to such term in Section 2.06(a).

            

            

            “Extended Maturity Date” has the meaning assigned to such term in Section 2.25(a).

            

            

            “Extending Lender” has the meaning assigned to such term in Section 2.25(b).

            

            

            “Extension Availability Period” means the period beginning on the Effective Date and ending on the five year anniversary thereof.

            

            

            “Extension Date” has the meaning assigned to such term in Section 2.25(a).

            

            

            “FATCA” means Sections 1471 through 1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more
              onerous to comply with), any current or future regulations or official interpretations thereof, any agreement entered into pursuant to Section 1471(b)(1) of the Code, and any fiscal or regulatory legislation, rules or practices adopted
              pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities and implementing such Sections of the Code.

            

            

            “FATCA Deduction” means a deduction or withholding from a payment under a Loan Document required by FATCA.

            

            

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

            

            

            “Fiscal Quarter” means each of the four fiscal quarters of the Company ending each March 31, June 30, September 30 and December 31 of each calendar year.

            

            

            “Fiscal Year” means each one year fiscal period of the Company.

            

            

            “Flood Insurance Laws” means, collectively, (i) National Flood Insurance Reform Act of 1994 (which comprehensively revised the National Flood Insurance Act of 1968 and the Flood
              Disaster Protection Act of 1973) or any successor statute thereto, as in effect from time to time, (ii) the Flood Insurance Reform Act of 2004 or any successor statute thereto, as in effect from time to time and (iii) the Biggert-Waters Flood
              Insurance Reform Act of 2012 or any successor statute thereto, as in effect from time to time.

            

            

            
              21

              
                

            

            “Foreign Borrower Sublimit” means $40,000,000 (or such greater amount as may be agreed upon by the Administrative Agent and the Company from time to time, but in no event exceeding an
              amount equal to the aggregate Revolving Commitments at such time).

            

            

            “Foreign Currencies” means each Agreed Currency other than Dollars.

            

            

            “Foreign Currency LC Exposure” means, at any time, the sum of (a) the Dollar Amount of the aggregate undrawn, available and unexpired amount of all outstanding Foreign Currency Letters
              of Credit at such time plus (b) the aggregate principal Dollar Amount of all LC Disbursements in respect of Foreign Currency Letters of Credit that have not yet been reimbursed at such time.

            

            

            “Foreign Currency Letter of Credit” means a Letter of Credit denominated in a Foreign Currency.

            

            

            “Foreign Currency Sublimit” means $75,000,000.

            

            

            “Foreign Financing Obligations” means any and all obligations of any Foreign Subsidiary, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or
              acquired, in connection with one or more working capital credit facilities provided to any Foreign Subsidiary by any Lender or an Affiliate of any Lender, all to the extent such credit facilities (i) have a maturity date of not more than one
              (1) year from the date of issuance, (ii) are not secured by any assets other than the Collateral pursuant to the Collateral Documents and (iii) are approved by the Collateral Agent, in its good faith, reasonable credit judgment, to be secured
              by the Collateral (provided that no such approval shall be required for such credit facilities provided by the Lender acting as Collateral Agent (or any Affiliate of such Lender)).

            

            

            “Foreign Lender” means a Lender that is neither a U.S. Person nor a Disregarded Entity that is treated for U.S. federal income Tax purposes as having as its sole owner a Person that is
              a U.S. Person.

            

            

            “Foreign Subsidiary” means each Subsidiary which is not a Domestic Subsidiary.

            

            

            “Foreign Subsidiary Borrower” means any Borrower that is a Foreign Subsidiary.

            

            

            “FSHCO” means any Domestic Subsidiary that owns (directly or through its Subsidiaries) no material assets other than the Capital Stock of or Indebtedness issued by any Subsidiary (or
              Subsidiaries) of the Company that is a CFC.

            

            

            “German Borrower” means any Borrower that qualifies as a resident party domiciled in Germany (Inländer) within the meaning of Section 2
              paragraph 15 German Foreign Trade Act (Außenwirtschaftsgesetz) (including its directors, managers, officers, agents and employees).

            

            

            “Governmental Authority” means any nation or government, any state or other political subdivision thereof, any central bank (or similar monetary or regulatory authority) thereof, any
              entity exercising executive, legislative, judicial, regulatory, taxing or administrative functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank) and any group or
              body charged with setting financial accounting or regulatory capital rules or standards (including, without limitation, the Financial Accounting Standards Board, the Bank for International Settlements or the Basel Committee on Banking
              Supervision or any successor or similar authority to any of the foregoing).

            

            

            
              22

              
                

            

            “Guarantor” means (a) with respect to the Secured Obligations (other than the Senior Note Debt) owing by the Company, each Subsidiary required under this Agreement to execute and
              deliver a Guaranty with respect to such Secured Obligations (other than the Senior Note Debt), and (b) with respect to the Secured Obligations (other than the Senior Note Debt) owing by a Foreign Subsidiary Borrower, the Company (pursuant to
              Article X hereof) and each Subsidiary required under this Agreement to execute and deliver a Guaranty with respect to such Secured Obligations (other than the Senior Note Debt).

            

            

            “Guaranty” means that certain Amended and Restated Guaranty, dated as of June 28, 2019, made by the Guarantors party thereto, and each other guarantee and similar agreement entered
              into by any Guarantor at any time for the benefit of the Administrative Agent and the Lenders (and their applicable Affiliates) in respect of the Secured Obligations (other than the Senior Note Debt), each in form and substance reasonably
              acceptable to the Administrative Agent and as amended or modified from time to time.

            

            

            “Hazardous Materials” means (i) solid or hazardous waste, as defined in the Resource Conservation and Recovery Act of 1980, or in any applicable state or local law or regulation, (ii)
              hazardous substances, as defined in CERCLA, or in any applicable state or local law or regulation, (iii) gasoline, or any other petroleum product or by-product, (iv) toxic substances, as defined in the Toxic Substances Control Act of 1976, or
              in any applicable state or local law or regulation or (v) insecticides, fungicides, or rodenticides, as defined in the Federal Insecticide, Fungicide, and Rodenticide Act of 1975, or in any applicable state or local law or regulation, as each
              such act, statute or regulation may be amended from time to time.

            

            

            “Hostile Acquisition” means (a) the Acquisition of a Person through a tender offer or similar solicitation of the owners of its Capital Stock which has not been approved (prior to such
              Acquisition) by the board of directors (or any other applicable governing body) of such Person or by similar action if such Person is not a corporation and (b) any such Acquisition as to which such approval has been withdrawn.

            

            

            “IBA” has the meaning assigned to such term in Section 1.06.

            

            

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

            

            

            “Impacted Lender” means, at any time, Bank of America, N.A., if such entity is a Lender at such time.  It is understood and agreed that if Bank of America, N.A. ceases to be a Lender
              hereunder then there shall no longer be an Impacted Lender hereunder and all consent or approval rights of the Impacted Lender set forth in this Agreement shall no longer be required.

            

            

            “Increasing Lender” has the meaning assigned to such term in Section 2.20.

            

            

            “Incremental Term Loan” has the meaning assigned to such term in Section 2.20.

            

            

            “Incremental Term Loan Amendment” has the meaning assigned to such term in Section 2.20.

            

            

            
              23

              
                

            

            “Indebtedness” of a Person means, without duplication, such Person’s (i) obligations for borrowed money and all mandatory obligations under any Disqualified Stock, (ii) obligations
              representing the deferred purchase price of Property or services (other than accounts payable  and accrued expenses, in each case, arising in the ordinary course of such Person’s business), (iii) obligations, whether or not assumed, secured
              by Liens or payable out of the proceeds or production from Property now or hereafter owned or acquired by such Person, (iv) obligations which are evidenced by notes, acceptances, or other instruments (other than with respect to accounts
              payable arising in the ordinary course of such Person’s business), (v) obligations of such Person to purchase securities or other Property arising out of or in connection with the sale of the same or substantially similar securities or
              Property, (vi) Capitalized Lease Obligations, (vii) obligations in respect of Letters of Credit or instruments serving a similar function issued or accepted for its account by banks and other financial institutions (whether or not
              representing obligations for borrowed money), (viii) Contingent Obligations in respect of Indebtedness of any other Person, (ix) Off-Balance Sheet Liabilities, (x) Receivables Transaction Attributed Indebtedness, (xi) Supply Chain Finance
              Outstanding Obligations and (xii) Rate Management Obligations.  In the event any of the foregoing Indebtedness is limited to recourse against a particular asset or assets of such Person, the amount of the corresponding Indebtedness shall be
              equal to the lesser of the amount of such Indebtedness and the fair market value of such asset or assets at the date of determination of the amount of such Indebtedness. Notwithstanding the foregoing, the term “Indebtedness” shall exclude (1)
              purchase price adjustments, earnouts, holdbacks or deferred payments of a similar nature (including deferred compensation representing consideration or other contingent obligations incurred in connection with an Acquisition), except in each
              case to the extent that such amount payable is, or becomes, reasonably determinable and contingencies have been resolved, (2) Indebtedness that has been defeased and/or discharged in accordance with its terms, provided that funds in an amount
              equal to all such Indebtedness (including interest and any other amounts required to be paid to the holders thereof in order to give effect to such defeasance and/or discharge) have been irrevocably deposited with a trustee for the benefit of
              the relevant holders of such Indebtedness, (3) accrued pension cost, employee benefits and postretirement health care obligations arising in the ordinary course of business, (4) obligations in respect of customer advances received and held in
              the ordinary course of business or (5) interest, fees, make-whole amounts, premium, charges or expenses, if any, relating to the principal amount of Indebtedness.

            

            

            “Indemnified Taxes” means (a) Taxes other than Excluded Taxes imposed on or with respect to any payment made by any Loan Party under any Loan Document and (b) Other Taxes.

            

            

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

            

            

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

            

            

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

            

            

            “Initial Subsidiary Borrower” means the Initial UK Borrower.

            

            

            “Initial UK Borrower” means Airedale International Air Conditioning Limited, a private limited company incorporated in England and Wales with registered number 01173149.

            

            

            “Insolvency Regulation” shall mean the Regulation EU 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings (recast).

            

            

            “Intangible Assets” means the aggregate amount, for the Company and its Subsidiaries on a consolidated basis, of all assets classified as intangible assets under Agreement Accounting
              Principles, including, without limitation, customer lists, acquired technology, goodwill, computer software, trademarks, patents, copyrights, organization expenses, franchises, licenses, trade names, brand names, mailing lists, catalogs,
              unamortized debt discount and capitalized research and development costs.

            

            

            
              24

              
                

            

            “Intercreditor Agreement” shall mean the Second Amended and Restated Collateral Agency and Intercreditor Agreement among the Secured Parties of the Company and JPMCB, as Collateral
              Agent, dated as of November 15, 2016, as amended, amended and restated or modified from time to time; provided that such Intercreditor Agreement, and any amendments or modifications thereto and any amendments and restatements thereof,
              shall be in form and substance reasonably acceptable to the Required Lenders and the Administrative Agent.

            

            

            “Interest Election Request” means a request by the applicable Borrower to convert or continue a Borrowing in accordance with Section 2.08 in substantially the form attached
              hereto as Exhibit G-2 or such other form as the Administrative Agent may approve from time to time.

            

            

            “Interest Expense Coverage Ratio” means, as of any date of calculation, the ratio of (i) the Company’s Consolidated EBITDA for the then most recently ended four Fiscal Quarters to (ii)
              the Company’s Consolidated Interest Expense, to the extent paid in cash, for the then most recently ended four Fiscal Quarters.

            

            

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

            

            

            “Interest Period” means with respect to any Eurocurrency Borrowing, the period commencing on the date of such Borrowing and ending on the day that is one week thereafter or the
              numerically corresponding day in the calendar month that is one, two, three or six months thereafter (or such other period of time as is acceptable to each of the Lenders), as the applicable Borrower (or the Company on behalf of the
              applicable Borrower) may elect; provided, that (i) if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless, in the case of a Eurocurrency
              Borrowing only, such next succeeding Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day and (ii) any Interest Period pertaining to a Eurocurrency Borrowing that
              commences on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Interest Period), other than a one-week Interest Period, shall end on the last Business
              Day of the last calendar month of such Interest Period.  For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter shall be the effective date of the most recent conversion or
              continuation of such Borrowing.

            

            

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

            

            

            
              25

              
                

            

            “Investment” of a Person means any loan, advance (other than commission, travel and similar advances to officers and employees made in the ordinary course of business), extension of
              credit (other than accounts receivable, debit and credit card receivables and advances to customers and distributors arising in the ordinary course of business) or contribution of capital by such Person; stocks, bonds, mutual funds,
              partnership interests, notes, debentures or other securities owned by such Person; any deposit accounts and certificates of deposit owned by such Person; and structured notes, derivative financial instruments and other similar instruments or
              contracts owned by such Person.

            

            

            “IRS” means the United States Internal Revenue Service.

            

            

            “Issuing Bank” means each of JPMCB, Bank of Montreal, U.S. Bank National Association, Wells Fargo Bank, National Association and each other Lender designated by the Company as an
              “Issuing Bank” hereunder that has agreed to such designation (and is reasonably acceptable to the Administrative Agent), each in its capacity as the issuer of Letters of Credit hereunder, and its successors in such capacity as provided in Section

                2.06(i).  Each Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates or branches of such Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate or branch,
              as applicable, with respect to Letters of Credit issued by such Affiliate or branch, as applicable.  Each reference herein to the “Issuing Bank” in connection with a Letter of Credit or other matter shall be deemed to be a reference to the
              relevant Issuing Bank with respect thereto, and, further, references  herein to “the Issuing Bank” shall be deemed to refer to each of the Issuing Banks or the relevant Issuing Bank, as the context requires.

            

            

            “Japanese Yen” or “JPY” means the lawful currency of Japan.

            

            

            “JPMCB” means JPMorgan Chase Bank, N.A.

            

            

            “LC Collateral Account” has the meaning assigned to such term in the definition of “Cash Collateralize”.

            

            

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

            

            

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

            

            

            “Lender Notice Date” has the meaning assigned to such term in Section 2.25(b).

            

            

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

            

            

            “Lenders” means the Persons listed on Schedule 2.01 and any other Person that shall have become a Lender hereunder pursuant to Section 2.20 or pursuant to an Assignment
              and Assumption or other documentation contemplated hereby, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption or other documentation contemplated hereby.  Unless the context otherwise
              requires, the term “Lenders” includes the Swingline Lenders and the Issuing Banks.

            

            

            
              26

              
                

            

            “Letter of Credit” means any standby or commercial letter of credit issued pursuant to this Agreement.

            

            

            “Letter of Credit Agreement” has the meaning assigned to such term in Section 2.06(b).

            

            

            “Leverage Ratio” means, as of any date of calculation, the ratio of:

            

            

            (i)           the Company’s Consolidated Total Debt outstanding on such date, minus:

            

            

            (a)          the amount of any Cash Collateral provided for any of the Obligations, the Rate Management Obligations owing to one or more Lenders or their Affiliates or the
              Banking Services Obligations, and

            

            

            (b)         the amount by which the sum of 100% of the unrestricted cash of the Company and its Domestic Subsidiaries at such time that is not subject to any Lien other
              than in favor of the Agent or the Collateral Agent or Permitted Encumbrances plus 100% of the unrestricted cash of the Foreign Subsidiaries at such time that is not subject to any Lien other than in favor of the Agent or the Collateral Agent
              or Permitted Encumbrances and that is freely transferrable without restriction (which restriction has not been waived or terminated) to the United States (it being understood and agreed that “freely transferable” shall not be deemed to refer
              to (i) any procedures or limitations which are solely within the control of the Company or applicable Foreign Subsidiary and which do not require the approval or consent of any other third party or Governmental Authority or (ii) in the case
              of cash maintained in the People’s Republic of China, the requirement to obtain approval from the State Administration of Foreign Exchange (“SAFE”) if, as of any date of determination, SAFE has not denied the then most recent approval
              request by the Company or any of its Subsidiaries to repatriate such cash out of the People’s Republic of China), exceeds $5,000,000,

            

            

            (c)          any Off-Balance Sheet Liabilities arising from Permitted Sale and Leaseback Transactions, and

            

            

            (d)         up to $5,000,000, in the aggregate, of (i) Supply Chain Finance Outstanding Obligations, (ii) Off-Balance Sheet Liabilities relating to Permitted Factoring
              transactions and/or (iii) Receivables Transaction Attributed Indebtedness relating to the factoring of accounts receivable and related rights and property to any Person other than the Company or any Subsidiary in the ordinary course of
              business, to

            

            

            (ii)          the Company’s Consolidated EBITDA for the then most recently ended four Fiscal Quarters.

            

            

            “LIBO Rate” means, for any day and time, with respect to any Eurocurrency Borrowing denominated in any Agreed Currency and for any Interest Period, the London interbank offered rate as
              administered by ICE Benchmark Administration (or any other Person that takes over the administration of such rate) for such Agreed Currency for a period equal in length to such Interest Period as displayed on such day and time on pages
              LIBOR01 or LIBOR02 of the Reuters screen that displays such rate or, in the event such rate does not appear on a Reuters page or screen, on any successor or substitute page on such screen that displays such rate, or on the appropriate page of
              such other information service that publishes such rate from time to time selected by the Administrative Agent in its reasonable discretion (in each case the “LIBOR Screen Rate”) at approximately 11:00 a.m., London time, on the
              Quotation Day for such Agreed Currency and Interest Period; provided that, if the LIBOR Screen Rate as so determined would be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement; provided, further,
              that if a LIBOR Screen Rate shall not be available at such time for such Interest Period (the “Impacted Interest Period”), then the LIBO Rate for such Agreed Currency and such Interest Period shall be the Interpolated Rate; provided,
              that, if any Interpolated Rate as so determined would be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement.  It is understood and agreed that all of the terms and conditions of this definition of “LIBO
              Rate” shall be subject to Section 2.14.

            

            

            
              27

              
                

            

            “LIBOR Screen Rate” has the meaning assigned to such term in the definition of “LIBO Rate”.

            

            

            “Lien” means any lien (statutory or other), mortgage, pledge, hypothecation, assignment for security purposes, encumbrance or other security interest or similar collateral arrangement
              of any kind or nature whatsoever (including, without limitation, the interest of a vendor or lessor under any conditional sale, Capitalized Lease or other title retention agreement, but excluding the interest of a lessor under an Operating
              Lease).

            

            

            “Limited Conditionality Acquisition” has the meaning assigned to such term in Section 2.20.

            

            

            “Limited Conditionality Acquisition Agreement” has the meaning assigned to such term in Section 2.20.

            

            

            “Liquidity” means, at any time, the sum of (a) the amount of the Available Aggregate Revolving Commitment at such time, plus (b) 100% of the unrestricted cash and Cash
              Equivalent Investments of the Company and its Domestic Subsidiaries at such time that is not subject to any Lien other than in favor of the Administrative Agent or the Collateral Agent or Permitted Encumbrances.

            

            

            “Loan Documents” means this Agreement, the Guaranty, any Letter of Credit Applications, the Collateral Documents, any Letter of Credit Agreement, any Notes issued pursuant to Section

                2.10(e) and any other agreements or instruments executed in connection herewith at any time.

            

            

            “Loan Party” means each Borrower and each Guarantor.

            

            

            “Loans” means the loans made by the Lenders to the Borrowers pursuant to this Agreement, it being understood that conversions and continuations of Loans are not Loans hereunder.

            

            

            “Local Time” means (i) Chicago time in the case of a Loan, Borrowing or LC Disbursement denominated in Dollars and (ii) local time in the case of a Loan, Borrowing or LC Disbursement
              denominated in a Foreign Currency (it being understood that such local time shall mean London, England time unless otherwise notified by the Administrative Agent).

            

            

            “Make-Whole Amount” means any amount paid as a “make-whole” or prepayment premium with respect to the Company’s obligations evidenced by the Senior Notes.

            

            

            “Material Adverse Effect” means a material adverse effect on (i) the business, Property, condition (financial or otherwise) or results of operations of the Company and its Subsidiaries
              taken as a whole, excluding changes or effects in connection with specific events (and not general economic or industry conditions) applicable to the Company and/or its Subsidiaries as disclosed in any Annual Report on Form 10-K, Quarterly
              Report on Form 10-Q or Current Report on Form 8-K filed with or furnished to the SEC, in each case prior to the date of this Agreement), (ii) the ability of the Company or any Guarantor to perform its obligations under the Loan Documents to
              which it is a party, or (iii) the validity or enforceability of any of the Loan Documents against any Loan Party or the rights or remedies against any Loan Party of the Administrative Agent, the Collateral Agent, any Issuing Bank or the
              Lenders thereunder.

            

            

            
              28

              
                

            

            “Material Domestic Subsidiary” means each Domestic Subsidiary (i) which, as of the most recent fiscal quarter of the Company, for the period of four consecutive fiscal quarters then
              ended, for which financial statements have been delivered pursuant to Section 5.01 (or, if prior to the date of the delivery of the first financial statements to be delivered pursuant to Section 5.01(a) or 5.01(b), the most recent financial
              statements referred to in Section 3.05), after the elimination of intercompany revenues, contributed ten percent (10%) or more of the Company’s domestic consolidated total revenues (i.e., excluding consolidated revenues attributable to
              Foreign Subsidiaries) for such period or (ii) which, after the elimination of intercompany assets, contributed ten percent (10%) or more of the Company’s domestic consolidated total assets (excluding assets of Foreign Subsidiaries) as of such
              date, in each case other than any Excluded Subsidiary; provided that, if at any time the aggregate amount of domestic consolidated total revenues, after the elimination of intercompany revenues, or domestic consolidated total assets,
              after the elimination of intercompany assets, attributable to all Domestic Subsidiaries (other than Excluded Subsidiaries) that are not Material Domestic Subsidiaries exceeds twenty percent (20%) of domestic consolidated total revenues for
              any such period or twenty percent (20%) of domestic consolidated total assets (in each case after giving effect to such exclusions) as of the end of any such fiscal quarter, the Company (or, in the event the Company has failed to do so within
              ten (10) days, the Administrative Agent) shall designate sufficient Domestic Subsidiaries (other than Excluded Subsidiaries) as “Material Domestic Subsidiaries” on or prior to the date upon which the Company’s delivery of financial statements
              with respect to such period is due under Section 5.01 to eliminate such excess, and such designated Domestic Subsidiaries shall for all purposes of this Agreement constitute Material Domestic Subsidiaries for so long as is necessary to
              eliminate such excess.

            

            

            “Material Indebtedness” means (a) the Senior Note Debt and (b) any other Indebtedness (other than the Loans, Letters of Credit and intercompany indebtedness owing by and among the
              Company and/or its Subsidiaries) of the Company or any of its Subsidiaries in respect of any credit or loan facility or publicly issued or privately placed debt issuance if the aggregate principal amount outstanding and/or committed in
              respect of such credit or loan facility or debt issuance exceeds $35,000,000.

            

            

            “Maturity Date” means the Revolving Credit Maturity Date, the Dollar Term Loan Maturity Date or the Euro Term Loan Maturity Date, as the case may be.

            

            

            “Maximum Rate” has the meaning assigned to it in Section 9.14.

            

            

            “Modine Holding GmbH” means Modine Europe GmbH, a Wholly-Owned Subsidiary of the Company.

            

            

            “Modine Netherlands Consolidated Group” means Modine Netherlands Holding and its Subsidiaries existing as of the Effective Date, and any other Foreign Subsidiary permitted under this
              Agreement to be a Subsidiary of Modine Netherlands Holding.

            

            

            “Modine Netherlands Holding” means Modine Netherlands Holding B.V. or any holding company successor to, or replacement of, Modine Netherlands Holding B.V. from time to time, as
              applicable.

            

            

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

            

            

            
              29

              
                

            

            “Mortgage Instruments” means such title reports, ALTA title insurance policies (with endorsements), evidence of zoning compliance, property insurance, flood certifications and flood
              insurance (and, if applicable FEMA form acknowledgements of insurance), opinions of counsel, ALTA surveys, appraisals, environmental assessments and reports, mortgage tax affidavits and declarations and other similar information and related
              certifications as are reasonably requested by, and in form and substance reasonably acceptable to, the Collateral Agent from time to time.

            

            

            “Mortgaged Property” means any real, personal or mixed property owned by a Loan Party that is subject to a Mortgage.

            

            

            “Mortgages” means each mortgage, deed of trust and similar agreement and any other agreement from any Borrower or Guarantor granting a Lien on any of its real property, each in form
              and substance reasonably acceptable to the Administrative Agent and as amended or modified from time to time, entered into by any Borrower or Guarantor at any time for the benefit of the Collateral Agent and the Secured Parties pursuant to
              this Agreement or the Intercreditor Agreement.

            

            

            “Multiemployer Plan” means a Plan maintained pursuant to a collective bargaining agreement or any other arrangement to which the Company or any member of the Controlled Group is a
              party to which more than one employer is obligated to make contributions.

            

            

            “Net Mark-to-Market Exposure” of a Person means, as of any date of determination, the excess (if any) of all unrealized losses over all unrealized profits of such Person arising from
              Rate Management Transactions.  “Unrealized losses” means the fair market value of the cost to such Person of replacing such Rate Management Transaction as of the date of determination (assuming the Rate Management Transaction were to be
              terminated as of that date), and “unrealized profits” means the fair market value of the gain to such Person of replacing such Rate Management Transaction as of the date of determination (assuming such Rate Management Transaction were to be
              terminated as of that date).

            

            

            “Net Proceeds” means, with respect to any event, (a) the cash proceeds received in respect of such event (other than from the Company or any of its Subsidiaries), including (i) any
              cash received in respect of any non-cash proceeds (including any cash payments received by way of deferred payment of principal pursuant to a note or installment receivable or purchase price adjustment receivable or otherwise, but excluding
              any interest payments), but only as and when received, (ii) in the case of a casualty, insurance proceeds and (iii) in the case of a condemnation or similar event, condemnation awards and similar payments, net of (b) the sum of (i) all fees
              and out-of-pocket expenses paid to third parties (other than Affiliates) in connection with such event, (ii) in the case of a sale, transfer or other disposition of an asset (including pursuant to a Sale and Leaseback transaction or a
              casualty or a condemnation or similar proceeding), the amount of all payments required to be made as a result of such event to repay Indebtedness (other than Loans), including penalties and breakage, secured by such asset or otherwise subject
              to mandatory prepayment as a result of such event, (iii) the amount of all taxes paid (or reasonably estimated to be payable) and the amount of any reserves established to fund contingent liabilities reasonably estimated to be payable, in
              each case during the year that such event occurred or the next two succeeding years and that are directly attributable to such event (as determined reasonably and in good faith by an Authorized Officer), (iv) any repatriation costs associated
              with the receipt by the applicable taxpayer of such proceeds, (v) any costs associated with unwinding any related Rate Management Transaction in connection with such event and (vi) any customer deposits required to be returned as a result of
              such transaction; provided, however, that the amount determined pursuant to the foregoing shall be reduced, in the case of any Net Proceeds received by a joint venture Subsidiary, by the amount attributable to (and not
              available for distribution to, or for the account of, the Company or a Wholly-Owned Subsidiary) noncontrolling interests in such joint venture Subsidiary owned by any Person other than the Company or any of its Subsidiaries.

            

            

            
              30

              
                

            

            “New Money Credit Event” means with respect to any Issuing Bank, any increase (directly or indirectly) in such Issuing Bank’s exposure (whether by way of additional credit or banking
              facilities or otherwise, including as part of a restructuring) to any Borrower occurring by reason of (i) any law, action or requirement of any Governmental Authority in such Borrower’s or such Letter of Credit beneficiary’s country, or (ii)
              any agreement in relation to clause (i), in each case to the extent calculated by reference to the aggregate Revolving Credit Exposures outstanding prior to such increase.

            

            

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

            

            

            “Non-Extending Lender” has the meaning assigned to such term in Section 2.25(b).

            

            

            “Note” means a note substantially in the form of Exhibit D-1, D-2 or D-3 hereto, as applicable, evidencing the Loans of the applicable Class made by any
              applicable Lender to each applicable Borrower.

            

            

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

            

            

            “NYFRB Rate” means, for any day, the greater of (a) the Federal Funds Effective Rate in effect on such day and (b) the Overnight Bank Funding Rate in effect on such day (or for any day
              that is not a Business Day, for the immediately preceding Business Day); provided that if both such rates are not so published for any day that is a Business Day, the term “NYFRB Rate” means the rate quoted for such day for a federal
              funds transaction at 11:00 a.m., New York City time, on such day received by the Administrative Agent from a federal funds broker of recognized standing selected by it; provided, further, that if any of the aforesaid rates as
              so determined would be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

            

            

            “Obligations” means all indebtedness (including interest and fees accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of
              whether allowed or allowable in such proceeding), obligations and liabilities of any of the Company and its Subsidiaries to any of the Lenders, any of the Issuing Banks, any indemnified party and the Administrative Agent, individually or
              collectively, under this Agreement or any of the other Loan Documents or in respect of any of the Loans made or reimbursement obligations incurred or any of the Letters of Credit or other instruments at any time evidencing any thereof.

            

            

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

            

            

            “Off-Balance Sheet Liability” of a Person means (i) any repurchase obligation of, or credit recourse against, such Person with respect to accounts or notes receivable sold by such
              Person, (ii) any liability under any Sale and Leaseback Transaction that is not a Capitalized Lease or so-called “synthetic lease” transaction, (iii) any liability under any so-called “synthetic lease” transaction entered into by such Person,
              and (iv) any liability with respect to any factoring of, or similar arrangements with respect to, receivables or similar obligations sold by or pursuant to factoring or similar agreements (excluding, for the avoidance of doubt, any factoring
              or similar arrangement that constitutes a Qualified Receivables Transaction); provided, however, that “Off-Balance Sheet Liability” shall not include any liability relating to any sale, conveyance, transfer or other
              disposition of any interest in any bank acceptance draft or similar instrument delivered by a customer to the Company or any Subsidiary in the ordinary course of business in China.  The amount of any Off-Balance Sheet Liability  will be
              determined based on the amount of obligations outstanding under the legal documents entered into as part of transaction that would be characterized as principal if such transaction were structured as a secured lending transaction.

            

            

            
              31

              
                

            

            “Operating Lease” of a Person means any lease of Property other than a Capitalized Lease.

            

            

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

            

            

            “Other Taxes” means any and all present or future stamp, registration or documentary taxes or any other excise or property taxes, charges or similar taxes or levies arising from any
              payment made hereunder or from the execution, delivery or enforcement of, or otherwise with respect to, any Loan Document, but excluding Excluded Taxes.

            

            

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

            

            

            “Overnight Foreign Currency Rate” means, for any amount payable in a Foreign Currency, the rate of interest per annum as determined by the Administrative Agent at which overnight or
              weekend deposits in the relevant currency (or if such amount due remains unpaid for more than three Business Days, then for such other relevant period of time) for delivery in immediately available and freely transferable funds would be
              offered by the Administrative Agent to major banks in the interbank market upon request of such major banks for the relevant currency as determined above and in an amount comparable to the unpaid principal amount of the related Credit Event.

            

            

            “Participant” has the meaning set forth in Section 9.04(c).

            

            

            “Participant Register” has the meaning set forth in Section 9.04(c).

            

            

            “Participating Member State” means any member state of the European Union that adopts or has adopted the euro as its lawful currency in accordance with legislation of the European
              Union relating to economic and monetary union.

            

            

            “Patriot Act” has the meaning assigned to such term in Section 9.13.

            

            

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

            

            

            “Permitted Acquisition” means an Acquisition by the Company or any Subsidiary in a transaction that satisfies each of the following requirements:

            

            

            (a)           such Acquisition is not a Hostile Acquisition;

            

            

            (b)          both immediately before and upon giving effect to such Acquisition and the Loans (if any) requested to be made in connection therewith and any other
              Indebtedness incurred to finance such Acquisition, no Default or Event of Default exists and the Company is in pro forma compliance with Section 6.07;

            

            

            
              32

              
                

            

            (c)           both immediately before and upon giving effect to such Acquisition, the Available Aggregate Revolving Commitment was and will be at least $25,000,000;

            

            

            (d)           the aggregate amount of  the Acquisition Consideration shall not exceed the amount permitted under Section 6.03(y);

            

            

            (e)          prior to the closing of any such Acquisition as to which the aggregate purchase consideration exceeds $50,000,000, the Company shall provide such pro forma
              financial statements and certificates and copies of such documents being executed or delivered in connection with such Acquisition as may reasonably be requested by the Administrative Agent; and

            

            

            (f)           if such Acquisition is an acquisition of Capital Stock, such Acquisition will not result in any violation of Regulation U.

            

            

            “Permitted Encumbrances” means:

            

            

            (a)           Liens for taxes, assessments or governmental charges or levies on the Company’s or a Subsidiary’s Property if the same shall not at the time be delinquent by
              more than 30 days or thereafter can be paid without penalty, or are being contested in good faith and by appropriate action and for which adequate reserves in accordance with Agreement Accounting Principles shall have been set aside on the
              books of the Company or such Subsidiary;

            

            

            (b)          Liens imposed by law, such as carriers’, warehousemen’s and mechanics’ liens and other similar liens arising in the ordinary course of business which secure
              payment of obligations not more than 60 days past due, or are being contested in good faith and by appropriate action and for which adequate reserves in accordance with Agreement Accounting Principles shall have been set aside on the books of
              the Company or such Subsidiary;

            

            

            (c)          Liens arising out of pledges or deposits under worker’s compensation laws, unemployment insurance, old age pensions, or other social security or retirement
              benefits, or similar legislation, and deposits securing liability to insurance carriers under insurance or self-insurance arrangements in respect of such obligations;

            

            

            (d)          zoning, land use and building restrictions, regulations and ordinances, easements, survey exceptions, minor encroachments by and on any real property, railroad
              trackage rights, sidings and spur tracks, leases (other than Capitalized Lease Obligations), subleases, licenses, special assessments, rights-of-way, covenants, conditions, restrictions and declarations on or with respect to the use of any
              real property, reservations, restrictions and leases of or with respect to oil, gas, mineral, riparian and water rights and water usage, servicing agreements, development agreements, site plan agreements and other similar encumbrances
              incurred in the ordinary course of business and title defects or irregularities that are of a minor nature and that, in the aggregate, do not interfere in any material respect with the ordinary conduct of the business of the Company or any
              Subsidiary;

            

            

            (e)         Liens that are contractual rights of set-off or similar rights (i) relating to the establishment of depository relations with banks and other financial
              institutions not given in connection with the issuance of Indebtedness, (ii) relating to pooled deposits, sweep accounts, reserve accounts or similar accounts of the Company or any Subsidiary to permit satisfaction of overdraft or similar
              obligations incurred in the ordinary course of business of the Company or any Subsidiary, including, without limitation, with respect to credit card charge-backs and similar obligations, or (iii) relating to purchase orders and other
              agreements entered into with customers, suppliers or service providers of the Company or any Subsidiary in the ordinary course of business; and

            

            

            
              33

              
                

            

            (f)          Liens (i) arising solely by virtue of any statutory or common law provision relating to banker’s liens, rights of set-off or similar rights, (ii) attaching to
              commodity trading accounts or other commodity brokerage accounts incurred in the ordinary course of business, (iii) encumbering reasonable customary initial deposits and margin deposits and similar Liens attaching to brokerage accounts
              incurred in the ordinary course of business and not for speculative purposes, (iv) in respect of funds received by the Company or any Subsidiary as agent on behalf of third parties in accordance with a written agreement that imposes a duty
              upon the Company or one or more Subsidiaries to collect and remit those funds to such third parties, or (v) in favor of credit card companies pursuant to agreements therewith.

            

            

            “Permitted Factoring” means a factoring or similar sale of accounts receivable and related rights and property in the ordinary course of business which is not entered into in
              connection with or as part of a Qualified Receivables Transaction or Supply Chain Finance Program.

            

            

            “Permitted Refinancing Indebtedness” means any Indebtedness issued in exchange for, or the net proceeds of which are used to extend, refinance, renew, replace, defease or refund
              (collectively, to “Refinance”), other Indebtedness (including previous re-financings that constituted Permitted Refinancing Indebtedness), to the extent that (a) the principal amount (or accreted value, if applicable) of such Permitted
              Refinancing Indebtedness does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness so refinanced (plus unpaid accrued interest and premium (including tender premium and any make-whole amount) thereon, any
              committed or undrawn amounts associated with, original issue discount on, and underwriting discounts, defeasance costs, fees, commissions and expenses incurred in connection with, such Permitted Refinancing Indebtedness), (b) the final
              maturity date of such Permitted Refinancing Indebtedness is no earlier than the earlier of the final maturity date of the Indebtedness being refinanced (it being understood that, in each case, any provision requiring an offer to purchase such
              Indebtedness as a result of a change of control, fundamental change, delisting, asset sale or similar provision shall not violate the foregoing restriction), (c) if the Indebtedness (including any guarantee thereof) being Refinanced is by its
              terms subordinated in right of payment to the Secured Obligations, such Permitted Refinancing Indebtedness (including any guarantee thereof) shall be subordinated in right of payment to the Secured Obligations on terms at least as favorable
              to the Lenders as those contained in the documentation governing the Indebtedness being Refinanced, taken as a whole (as determined in good faith by the Board of Directors of the Company), (d) no Permitted Refinancing Indebtedness shall have
              direct obligors or contingent obligors that were not the direct obligors or contingent obligors (or that would not have been required to become direct obligors or contingent obligors) in respect of the Indebtedness being Refinanced, except
              that Loan Parties may be added as additional obligors, and (e) if the Indebtedness being Refinanced is secured, such Permitted Refinancing Indebtedness may only be secured on terms no less favorable, taken as a whole, to the Lenders than
              those contained in the documentation (including any intercreditor agreement) governing the Indebtedness being Refinanced (as determined in good faith by the Board of Directors of the Company).

            

            

            “Permitted Sale and Leaseback Transactions” means all Sale and Leaseback Transactions as permitted under Section 6.05(j).

            

            

            “Person” means an individual, partnership, corporation, limited liability company, business trust, joint stock company, trust, unincorporated association, joint venture or Governmental
              Authority.

            

            

            
              34

              
                

            

            “Plan” means an employee pension benefit plan which is covered by Title IV of ERISA or subject to the minimum funding standards under Section 412 of the Code as to which the Company or
              any member of the Controlled Group may have any liability.

            

            

            “Plan Asset Regulations” means 29 CFR § 2510.3-101 et seq., as modified by Section 3(42) of ERISA, as amended from time to time.

            

            

            “Pounds Sterling” means the lawful currency of the United Kingdom.

            

            

            “Prepayment Event” means:

            

            

            (a) any sale, transfer or other disposition (including pursuant to a sale and leaseback transaction) of any property or asset of the Company or any Subsidiary pursuant to Section 6.06(h)
              or Section 6.06(bb) resulting in Net Proceeds equal to or greater than $7,500,000;

            

            

            (b) any casualty or other insured damage to, or any taking under power of eminent domain or by condemnation or similar proceeding of, any property or asset of the Company or any Subsidiary
              with a fair market value immediately prior to such event equal to or greater than $7,500,000; or

            

            

            (c) the incurrence by the Company or any Subsidiary of any Indebtedness, other than Indebtedness permitted under Section 6.05 or permitted by the Required Lenders pursuant to Section

                9.02.

            

            

             “Prime Rate” means the rate of interest last quoted by The Wall Street Journal as the “Prime Rate” in the U.S. or, if The Wall Street Journal ceases to quote such rate, the highest
              per annum interest rate published by the Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the “bank prime loan” rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as
              determined reasonably and in good faith by the Administrative Agent) or any similar release by the Board (as determined reasonably and in good faith by the Administrative Agent). Each change in the Prime Rate shall be effective from and
              including the date such change is publicly announced or quoted as being effective.

            

            

            “Property” of a Person means any and all property, whether real, personal, tangible, intangible, or mixed, of such Person, or other assets owned, leased or operated by such Person.

            

            

            “PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any such exemption may be amended from time to time.

            

            

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

            

            

            “QFC Credit Support” has the meaning assigned to it in Section 9.20.

            

            

            “Qualified Receivables Transaction” means any transaction or series of transactions that may be entered into by the Company or any Subsidiary pursuant to which the Company or any
              Subsidiary may sell, convey or otherwise transfer to a newly-formed Subsidiary or other special-purpose entity, or any other Person, any accounts, notes receivable or other financial assets and, in each case, rights related thereto on a
              limited recourse basis, provided that such sale, conveyance or transfer qualifies as a sale under Agreement Accounting Principles.

            

            

            
              35

              
                

            

            “Quotation Day” means, with respect to any Eurocurrency Borrowing for any Interest Period, (i) if the currency is Pounds Sterling, the first day of such Interest Period, (ii) if the
              currency is euro, the day that is two (2) TARGET2 Days before the first day of such Interest Period, and (iii) for any other currency, two (2) Business Days prior to the commencement of such Interest Period (unless, in each case, market
              practice differs in the relevant market where the LIBO Rate for such currency is to be determined, in which case the Quotation Day will be determined by the Administrative Agent in accordance with market practice in such market (and if
              quotations would normally be given on more than one day, then the Quotation Day will be the last of those days)).

            

            

            “Rate Management Obligations” of a Person means any and all obligations of such Person, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or
              acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under (i) any and all Rate Management Transactions, and (ii) any and all cancellations, buy backs, reversals, terminations or assignments of
              any Rate Management Transactions.

            

            

            “Rate Management Transaction” means any transaction (including an agreement with respect thereto) now existing or hereafter entered into by the Company or any Subsidiary which is a
              rate swap, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity index swap, equity or equity index option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor
              transaction, collar transaction, forward transaction, currency swap transaction, cross-currency rate swap transaction, currency option or any other similar transaction (including any option with respect to any of these transactions) or any
              combination thereof, whether linked to one or more interest rates, foreign currencies, commodity prices, equity prices or other financial measures.

            

            

            “Receivables/Factoring/SCF Indebtedness” means (i) all Receivables Transaction Attributed Indebtedness, and (ii) Supply Chain Finance Outstanding Obligations.

            

            

            “Receivables Transaction Attributed Indebtedness” means the amount of obligations outstanding under the legal documents entered into as part of any Qualified Receivables Transaction on
              any date of determination which (i) if a Qualified Receivables Transaction is structured as a secured lending agreement or other similar agreement, constitutes the principal amount of such Indebtedness or (ii) if a Qualified Receivables
              Transaction is structured as a purchase agreement or other similar agreement, would be outstanding at such time under such Qualified Receivables Transaction if the same were structured as a secured lending agreement rather than a purchase
              agreement or such other similar agreement; provided, however, that “Receivables Transaction Attributed Indebtedness” (a) shall not include any liability relating to any sale, conveyance, transfer or other disposition of any
              interest in any bank acceptance draft or similar instrument delivered by a customer to the Company or any Subsidiary in the ordinary course of business in China, and (b) in the case of any factoring or similar sale of accounts receivable and
              related rights and property to any Person other than the Company or any Subsidiary that constitutes a Qualified Receivables Transaction, shall be limited to the amount of credit recourse against the Company and/or its Subsidiaries in respect
              of such accounts receivable.

            

            

            “Receivables Transaction Financing Cost” means such portion of the fees, service charges, and other costs, as well as all collections or other amounts retained by purchasers of
              accounts or notes receivable and rights related thereto pursuant to a Qualified Receivables Transaction, which are in excess of amounts paid to the Company and its Subsidiaries under any Qualified Receivables Transaction for the purchase of
              accounts or notes receivable and rights related thereto pursuant to such Qualified Receivables Transaction and are the equivalent of the interest component of the financing if the transaction were characterized as a secured lending
              transaction rather than as a purchase.

            

            

            
              36

              
                

            

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

            

            

            “Reference Bank Rate” means the arithmetic mean of the rates (rounded upwards to five decimal places) supplied to the Administrative Agent at its request by the Reference Banks (as the
              case may be) as of the applicable time on the Quotation Day for Loans in the applicable currency and the applicable Interest Period as the rate at which the relevant Reference Bank could borrow funds in the London (or other applicable)
              interbank market in the relevant currency and for the relevant period, were it to do so by asking for and then accepting interbank offers in reasonable market size in that currency and for that period.

            

            

            “Reference Banks” means such banks as may be appointed by the Administrative Agent in consultation with the Company, in a manner consistent with that applied by the Administrative
              Agent generally to substantially similar credit facilities for which it acts as administrative agent.  No Lender shall be obligated to be a Reference Bank without its consent.

            

            

            “Register” has the meaning set forth in Section 9.04(b).

            

            

            “Regulation S-X” means Regulation S-X under the Securities Exchange Act of 1934, as amended.

            

            

            “Regulation U” means Regulation U of the Board as from time to time in effect and any successor or other regulation or official interpretation of the Board relating to the extension of
              credit by banks for the purpose of purchasing or carrying margin stocks applicable to member banks of the Federal Reserve System.

            

            

            “Related Indemnified Person” has the meaning assigned to it in Section 9.03(b).

            

            

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

            

            

            “Replacement Lender” has the meaning assigned to such term in Section 2.09(c).

            

            

            “Required Lenders” means, subject to Section 2.24, at any time, Lenders having Credit Exposures and unused Commitments representing more than 50% of the sum of the total Credit
              Exposures and unused Commitments at such time; provided that for purposes of declaring the Loans to be due and payable pursuant to Article VII, and for all purposes after the Loans become due and payable pursuant to Article

                VII or the Revolving Commitments expire or terminate, then, as to each Lender, clause (a) of the definition of Swingline Exposure shall only be applicable for purposes of determining its Revolving Credit Exposure to the extent such
              Lender shall have funded its participation in the outstanding Swingline Loans to the extent required under Section 2.05(c); provided further that for the purpose of determining the Required Lenders needed for any waiver,
              amendment, modification or consent, any Lender that is a Borrower or any Affiliate of the Company shall be disregarded.

            

            

            “Required Revolving Lenders” means, subject to Section 2.24, at any time, Revolving Lenders having Revolving Credit Exposures and unused Revolving Commitments representing more
              than 50% of the sum of the total Revolving Credit Exposures and unused Revolving Commitments at such time; provided that for all purposes after the Loans become due and payable pursuant to Article VII or the Commitments expire
              or terminate, then, as to each Lender, clause (a) of the definition of Swingline Exposure shall only be applicable for purposes of determining its Revolving Credit Exposure to the extent such Lender shall have funded its participation in the
              outstanding Swingline Loans to the extent required under Section 2.05(c).

            

            

            
              37

              
                

            

            “Required Euro Term Lenders” means, subject to Section 2.24, at any time, Euro Term Lenders having Euro Term Loans and unused Euro Term Loan Commitments representing more than
              50% of the sum of the total outstanding principal amount of Euro Term Loans and unused Euro Term Loan Commitments at such time.

            

            

            “Required Term Lenders” means, subject to Section 2.24, at any time, Term Lenders having Term Loans and unused Term Loan Commitments representing more than 50% of the sum of
              the total outstanding principal amount of Term Loans and unused Term Loan Commitments at such time.

            

            

            “Restricted Payment” means, with respect to any Person, any dividend or other distribution (whether in cash, securities or other property) with respect to any Capital Stock of such
              Person, or any payment (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such Capital Stock of
              such Person or any option, warrant or other right to acquire any such Capital Stock of such Person.

            

            

            “Restructuring Charges” means cash charges related to any restructuring with respect to the Company and/or any of its Subsidiaries, including such charges specifically related to the
              following categories of expense incurred in connection with any such restructuring:  severance and related benefits; contractual salary continuation with respect to terminated employees; retained restructuring consulting; equipment transfer
              (including shipping and related expense, product validation incurred to validate receiving plant capability, and receiving plant physical modifications required to accept transferred product); expenses related to facility sale preparation;
              employee outplacement; environmental services; employee insurance and benefits continuation; and any other cash charges treated as restructuring or repositioning expense under Agreement Accounting Principles.

            

            

            “Retired Commitments” has the meaning assigned to such term in Section 2.09(c).

            

            

            “Reuters” means Thomson Reuters Corp.

            

            

            “Revolving Commitment” means, with respect to each Lender, the commitment of such Lender, if any, to make Revolving Loans and to acquire participations in Letters of Credit and
              Swingline Loans hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Revolving Credit Exposure hereunder, as such commitment may be (a) reduced or terminated from time to time pursuant to Section
                2.09, (b) increased from time to time pursuant to Section 2.20 and (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04.  The initial amount of each Lender’s
              Revolving Commitment is set forth on Schedule 2.01, or in the Assignment and Assumption or other documentation or record (as such term is defined in Section 9-102(a)(70) of the New York Uniform Commercial Code) as provided in Section
              9.04(b)(ii)(C) or other documentation contemplated hereby pursuant to which such Lender shall have assumed its Revolving Commitment pursuant to the terms hereof, as applicable.  The initial aggregate amount of the Revolving Lenders’ Revolving
              Commitments on the Effective Date is $250,000,000.

            

            

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

            

            

            
              38

              
                

            

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

            

            

            “Revolving Credit Maturity Date” means June 28, 2024, as extended (in the case of each Revolving Lender consenting thereto) pursuant to Section 2.25.

            

            

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

            

            

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

            

            

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

            

            

            “Sale and Leaseback Transaction” means any sale or other transfer of Property by any Person with the intent to lease such Property as lessee.

            

            

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

            

            

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

            

            

            “Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by OFAC, or by the United Nations Security Council, the
              European Union, any EU member state or Her Majesty’s Treasury of the United Kingdom or other relevant sanctions authority, (b) any Person operating, organized or resident in a Sanctioned Country, in each case, in violation of Sanctions, (c)
              any Person that is 50% or greater owned or controlled by any such Person or Persons described in the foregoing clauses (a) or (b), or (d) any Person otherwise the target of any Sanctions.

            

            

            “SEC” means the Securities and Exchange Commission of the United States of America.

            

            

            “Secured Obligations” means, collectively, all (i) Obligations, (ii) Rate Management Obligations owing to one or more Lenders or their Affiliates, (iii) the Senior Note Debt, (iv)
              Banking Services Obligations and (v) Foreign Financing Obligations; provided, however, that the definition of ‘Secured Obligations’ shall not create any guarantee by any Loan Party of (or grant of security interest by any Loan
              Party to support, as applicable) any Excluded Swap Obligations of such Loan Party for purposes of determining any obligations of any Loan Party.

            

            

            “Secured Parties” means the Collateral Agent, the Administrative Agent, the Lenders, the Senior Note Holders, the holders of Foreign Financing Obligations and the other holders of the
              Secured Obligations.

            

            

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

            

            

            
              39

              
                

            

            “Security Agreement” means that certain Amended and Restated Pledge and Security Agreement, dated as of November 15, 2016, by and among the Company, the Guarantors party thereto and
              the Collateral Agent, and each other security agreement, pledge agreement, pledge and security agreement and similar agreement and any other agreement from any Borrower or Guarantor granting a Lien on any of its personal property (including
              without limitation any Capital Stock owned by such Borrower or Guarantor) entered into by any Borrower or Guarantor at any time for the benefit of the Collateral Agent and the Secured Parties pursuant to this Agreement or the Intercreditor
              Agreement, each in form and substance reasonably acceptable to the Administrative Agent and as amended or modified from time to time.

            

            

            “Senior Note Debt” means the indebtedness and other obligations owing pursuant to any Senior Note Purchase Documents at any time.

            

            

            “Senior Note Holders” means the holders of the Senior Note Debt.

            

            

            “Senior Note Purchase Agreement” means the Amended and Restated Note Purchase and Private Shelf Agreement dated November 15, 2016 between the Company and the purchasers named therein,
              as amended, amended and restated, supplemented or modified from time to time in accordance with the terms thereof.

            

            

            “Senior Note Purchase Documents” means the Senior Note Purchase Agreement and all agreements and documents executed in connection therewith at any time and as amended or modified from
              time to time.

            

            

            “Senior Notes” means the 6.83% Senior Secured Notes due August 12, 2020 in the aggregate principal amount of $125,000,000 issued by the Company on August 12, 2010, and one or more
              additional series of Senior Secured Notes in an aggregate principal amount not to exceed  $75,000,000 which may be issued by the Company after the Effective Date,  pursuant to the Senior Note Purchase Agreement, as amended or modified from
              time to time and including any notes issued in exchange or replacement for such notes, and any other securities issued pursuant to the Senior Note Purchase Agreement at any time.

            

            

            “Significant Obligations” means Indebtedness (other than the Loans, Letters of Credit and intercompany indebtedness owing by and among the Company and/or its Subsidiaries) of any one
              or more of the Company and its Subsidiaries in an aggregate principal amount exceeding $35,000,000.  For purposes of determining Significant Obligations, the “principal amount” of the Rate Management Obligations at any time shall be
              determined based on the Net Mark-to-Market Exposure of the Company or any Subsidiary).

            

            

            “Significant Subsidiary” means (i) each Subsidiary Borrower and (ii) any other Subsidiary that is a “significant subsidiary” as defined in Rule 1-02 of Regulation S-X, as in effect on the Effective Date.

            

            

            “Single Employer Plan” means a Plan maintained by the Company or any member of the Controlled Group for employees of the Company or any member of the Controlled Group.

            

            

            “Specified Ancillary Obligations” means all obligations and liabilities (including interest and fees accruing during the pendency of any bankruptcy, insolvency, receivership or other
              similar proceeding, regardless of whether allowed or allowable in such proceeding) of any of the Subsidiaries, existing on the Effective Date or arising thereafter, direct or indirect, joint or several, absolute or contingent, matured or
              unmatured, liquidated or unliquidated, secured or unsecured, arising by contract, operation of law or otherwise, to the Lenders or any of their Affiliates under any Rate Management Transaction or any Banking Services Agreement; provided
              that the definition of “Specified Ancillary Obligations” shall not create or include any guarantee by any Loan Party of (or grant of security interest by any Loan Party to support, as applicable) any Excluded Swap Obligations of such Loan
              Party for purposes of determining any obligations of any Loan Party.

            

            

            
              40

              
                

            

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

            

            

            “Statutory Reserve Rate” means a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number one minus the aggregate of the
              maximum reserve percentage, liquid asset, fees or similar requirements (including any marginal, special, emergency or supplemental reserves or other requirements) established by any central bank, monetary authority, the Board, the Financial
              Conduct Authority, the Prudential Regulation Authority, the European Central Bank or other Governmental Authority for any category of deposits or liabilities customarily used to fund loans in the applicable currency, expressed in the case of
              each such requirement as a decimal.  Such reserve, liquid asset, fees or similar requirements shall include those imposed pursuant to Regulation D of the Board.  Eurocurrency Loans shall be deemed to be subject to such reserve, liquid asset,
              fee or similar requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender under any applicable law, rule or regulation, including Regulation D of the Board.  The
              Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve, liquid asset or similar requirement, and the Administrative Agent shall notify the Company promptly of any such adjustment.

            

            

            “Subordinated Debt” of a Person means any Indebtedness of such Person the payment of which is subordinated to payment of the Secured Obligations to the written satisfaction of the
              Administrative Agent and which is on terms (including without limitation maturities, covenants and defaults) reasonably satisfactory to the Administrative Agent.

            

            

            “Subsidiary” of a Person means any corporation, association, partnership, limited liability company, joint venture or other business entity of which more than 50% of the voting stock,
              membership interests or other equity interests (in the case of Persons other than corporations), is owned or controlled directly or indirectly by such Person, or one or more of the Subsidiaries of such Person, or a combination thereof. 
              Unless the context otherwise clearly requires, references herein to a “Subsidiary” refer to a Subsidiary of the Company.

            

            

            “Subsidiary Borrower” means the Initial Subsidiary Borrower and any Eligible Subsidiary that becomes a Subsidiary Borrower pursuant to Section 2.23 and, in each case, that has
              not ceased to be a Subsidiary Borrower pursuant to such Section.

            

            

            “Substantial Portion” means, with respect to the Property of the Company and its Subsidiaries, Property (excluding intercompany items) which represents more than 10% of the
              consolidated total assets of the Company and its Subsidiaries or Property (excluding intercompany items) which is responsible for more than 10% of the consolidated total revenues of the Company and its Subsidiaries, in each case, as would be
              shown in the consolidated financial statements of the Company and its Subsidiaries as at the beginning of the twelve-month period ending with the month in which such determination is made (or if financial statements have not been delivered
              hereunder for that month which begins the twelve-month period, then the financial statements delivered hereunder for the quarter ending immediately prior to that month).

            

            

            
              41

              
                

            

            “Supply Chain Finance Outstanding Obligations” means, at any time, the greater of (a) zero and (b)(i) the aggregate amount of all trade receivables (excluding trade receivables sold to
              a Person other than the Company or any Subsidiary in a transaction that qualifies as a sale under Agreement Accounting Principles) that would then be owing to the Company and/or its Subsidiaries by customers in respect of Supply Chain Finance
              Programs if the Company and its Subsidiaries were not participating in such Supply Chain Finance Programs, minus (ii) the aggregate amount of all trade receivables then owing to the Company and/or its Subsidiaries by such customers that have
              not been transferred under such Supply Chain Financing Programs; provided, however, that “Supply Chain Finance Outstanding Obligations” shall not include any liability relating to any sale, conveyance, transfer or other
              disposition of any interest in any bank acceptance draft or similar instrument delivered by a customer to the Company or any Subsidiary in the ordinary course of business in China.

            

            

            “Supply Chain Finance Program” means each supply chain financing or similar program established by customers of the Company and its Subsidiaries, pursuant to which the Company and its
              Subsidiaries may sell trade receivables and the rights directly related thereto (or sell negotiable instruments or other rights created to represent the obligations owing pursuant to a trade receivable or enter into any other form of
              transaction with the intent of improving liquidity with respect to trade receivables) owing by such customer to the Company and its Subsidiaries, in the ordinary course of business.

            

            

            “Supported QFC” has the meaning assigned to it in Section 9.20.

            

            

            “Surviving Commitment” has the meaning assigned to such term in Section 2.09(c).

            

            

            “Surviving Lender” has the meaning assigned to such term in Section 2.09(c).

            

            

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

            

            

            “Swingline Lender” means each of JPMCB, Bank of Montreal, U.S. Bank National Association, Wells Fargo Bank, National Association and each other Lender designated by the Company as a
              “Swingline Lender” hereunder that has agreed to such designation (and is reasonably acceptable to the Administrative Agent), each in its capacity as a lender of Swingline Loans hereunder.

            

            

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

            

            

            “Swingline Sublimit” means as to any Lender (i) the amount set forth opposite such Lender’s name on Schedule 2.05 hereof or (ii) if such Lender has entered into an Assignment
              and Assumption, the amount set forth for such Lender as its Swingline Sublimit in the Register maintained by the Administrative Agent pursuant to Section 9.04(b)(iv) (provided that, in the case of each of the foregoing clauses (i) and
              (ii), any increase in the Swingline Sublimit with respect to any Lender shall only require the consent of the Company and such Lender).

            

            

            “Syndication Agent” means each of Bank of Montreal, U.S. Bank National Association and Wells Fargo Bank, National Association in its capacity as syndication agent for the credit
              facilities evidenced by this Agreement.

            

            

            
              42

              
                

            

            “TARGET2” means the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET2) payment system (or, if such payment system ceases to be operative, such other payment
              system (if any) reasonably determined by the Administrative Agent to be a suitable replacement) for the settlement of payments in euro.

            

            

            “TARGET2 Day” means a day that TARGET2 is open for the settlement of payments in euro.

            

            

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

            

            

            “Term Lenders” means the Dollar Term Lenders and the Euro Term Lenders.

            

            

            “Term Loan Commitments” means the Dollar Term Loan Commitments and the Euro Term Loan Commitments.

            

            

            “Term Loans” means the Dollar Term Loans and the Euro Term Loans.

            

            

            “The Netherlands” means the European part of the Kingdom of the Netherlands and Dutch means in or of the Netherlands.

            

            

            “Total Revolving Credit Exposure” means, at any time, the sum of the outstanding principal amount of all Revolving Lenders’ Revolving Loans, their LC Exposure and their Swingline
              Exposure at such time; provided, that clause (a) of the definition of Swingline Exposure shall only be applicable to the extent Revolving Lenders shall have funded their respective participations in the outstanding Swingline Loans.

            

            

            “Trade Date” has the meaning specified in Section 9.04(e)(i) hereof.

            

            

            “Transaction Costs” means any fees or expenses incurred or paid by the Company or any Subsidiary in connection with the Transactions, this Agreement and the other Loan Documents and
              the transactions contemplated hereby and thereby.

            

            

            “Transactions” means, collectively, (a) the execution, delivery and performance by the Company of this Agreement and the execution, delivery and performance by each Loan Party of each
              Loan Document to which it is a party, the borrowing of the Term Loans and any Revolving Loans, the use of the proceeds thereof and the issuance of Letters of Credit hereunder, (b) the consummation of any other transactions in connection with
              the foregoing and (c) the payment of the fees and expenses incurred in connection with any of the foregoing.

            

            

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

            

            

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

            

            

            “UK Bankruptcy Event” means:

            

            

            
              43

              
                

            

            (a)          a UK Relevant Entity is unable or admits inability to pay its debts (as defined in section 123(1)(a) of the Insolvency Act 1986) generally as they fall due or is deemed to or
              declared to be unable to pay its debts generally under applicable law, or suspends or threatens to suspend making payments on its debts generally by reason of actual or anticipated financial difficulties; or

            

            

            (b)         any corporate action authorizing legal proceedings or other formal procedure or formal step for (i) the suspension of payments, a moratorium of any indebtedness, winding-up,
              dissolution, administration or reorganization (by way of voluntary arrangement, scheme of arrangement or otherwise) of any UK Relevant Entity; (ii) a composition, compromise, general assignment or arrangement with creditors generally of any
              UK Relevant Entity; or (iii) the appointment of a liquidator, receiver, administrative receiver, administrator, compulsory manager or other similar officer in respect of any UK Relevant Entity, or any of the material assets of any UK Relevant
              Entity; save that this paragraph (b) shall not apply to any action, proceeding, procedure or formal step which is frivolous or vexatious and is discharged, stayed or dismissed within 30 days of commencement.

            

            

            “UK Borrower” means (i) the Initial UK Borrower and (ii) any
                other Borrower that is resident for tax purposes in England and Wales.

            

            

            “UK Borrower DTTP Filing” means an HM Revenue & Customs’ Form DTTP2, duly completed and filed by the relevant UK Borrower, which:

            

            

            (a) where it relates to a UK Treaty Lender that is a Lender on the day this Agreement is entered into (or any amendment hereto), contains the scheme reference number
              and jurisdiction of tax residence stated on its signature page to this Agreement (or any amendment hereto) or as otherwise notified to the Company by that UK Treaty Lender in writing, and:

            

            

            (i) where the UK Borrower is a Borrower on the day this Agreement (or any amendment hereto) is entered into, is filed with HM Revenue & Customs within 30 days of the
              date of this Agreement (or any amendment hereto); or

            

            

            (ii) where the UK Borrower is not a Borrower on the day this Agreement is entered into, is filed with HM Revenue & Customs within 30 days of the date on which that UK
              Borrower becomes a Borrower; or

            

            

            (b) where it relates to a UK Treaty Lender that is not a party to this Agreement on the date on which this Agreement (or any amendment hereto) is entered into, contains the
              scheme reference number and jurisdiction of tax residence stated in respect of that Lender in the relevant Assignment and Assumption, Increasing Lender Supplement or Augmenting Lender Supplement, as the case may be, or as otherwise notified
              to the Company in writing, and:

            

            

            (i) where the UK Borrower is a Borrower as at the relevant assignment date or the date on which the increase to the Commitments and/or the Incremental Term Loans described
              in the relevant Increasing Lender Supplement or Augmenting Lender Supplement take effect (as applicable) is filed with HM Revenue & Customs within 30 days of that date; or

            

            

            (ii) where the UK Borrower is not a Borrower as at the relevant assignment date or the date on which the increase to the Commitments and/or the Incremental Term Loans
              described in the relevant Increasing Lender Supplement or Augmenting Lender Supplement take effect (as applicable) is filed with HM Revenue & Customs within 30 days of the date on which that UK Borrower becomes a Borrower.

            

            

            
              44

              
                

            

            “UK Companies Act” means the Companies Act 2006 of the United Kingdom.

            

            

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

            

            

            “UK ITA 2007” means the United Kingdom Income Tax Act 2007.

            

            

            “UK Loan Party” means any UK Borrower.

            

            

            “UK Qualifying Lender” means (a) a Lender which is beneficially entitled to interest payable to that Lender in respect of an advance under a Loan Document and is (i) a Lender (A) which
              is a bank (as defined for the purpose of section 879 of the UK ITA 2007) making an advance under a Loan Document and is within the charge to United Kingdom corporation tax as respects any payments of interest made in respect of that advance
              or would be within such charge as respects such payments apart from section 18A of the UK CTA 2009; or (B) in respect of an advance made under a Loan Document by a person that was a bank (as defined for the purpose of section 879 of the UK
              ITA 2007) at the time that that advance was made and within the charge to United Kingdom corporation tax as respects any payments of interest made in respect of that advance; or (ii) a Lender which is: (A) a company resident in the United
              Kingdom for United Kingdom tax purposes or (B) a partnership each member of which is (x) a company so resident in the United Kingdom or (y) a company not so resident in the United Kingdom which carries on a trade in the United Kingdom through
              a permanent establishment and which brings into account in computing its chargeable profits (within the meaning of section 19 of the UK CTA 2009) the whole of any share of interest payable in respect of that advance that falls to it by reason
              of Part 17 of the UK CTA 2009 or (C) a company not so resident in the United Kingdom which carries on a trade in the United Kingdom through a permanent establishment and which brings into account interest payable in respect of that advance in
              computing the chargeable profits (within the meaning of section 19 of the UK CTA 2009) of that company; or (iii) a UK Treaty Lender, or (b) a Lender which is a building society (as defined for the purposes of section 880 of the UK ITA 2007)
              making an advance under a Loan Document.

            

            

            “UK Relevant Entity” means any Borrower or Material Subsidiary that is incorporated in England and Wales, or any other Borrower or Material Subsidiary capable of becoming subject of an
              order for winding-up or administration under the Insolvency Act 1986.

            

            

            “UK Tax Confirmation” means a confirmation by a Lender that the person beneficially entitled to interest payable to that Lender in respect of an advance under a Loan Document is either
              (a) a company resident in the United Kingdom for United Kingdom tax purposes or (b) a partnership each member of which is (i) a company so resident in the United Kingdom or (ii) a company not so resident in the United Kingdom which carries on
              a trade in the United Kingdom through a permanent establishment and which brings into account in computing its chargeable profits (within the meaning of section 19 of the UK CTA 2009) the whole of any share of interest payable in respect of
              that advance that falls to it by reason of Part 17 of the UK CTA 2009 or (c) a company not so resident in the United Kingdom which carries on a trade in the United Kingdom through a permanent establishment and which brings into account
              interest payable in respect of that advance in computing the chargeable profits (within the meaning of section 19 of the UK CTA 2009) of that company.

            

            

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

            

            

            “UK Treaty” has the meaning assigned to such term in the definition of “UK Treaty State”.

            

            

            
              45

              
                

            

            “UK Treaty Lender” means a Lender which is (i) treated as a resident of a UK Treaty State for the purposes of the relevant UK Treaty, (ii) does not carry on a business in the United
              Kingdom through a permanent establishment with which that Lender’s participation in the Loan is effectively connected, and (iii) subject to the completion of procedural formalities, fulfills any other conditions which must be fulfilled under
              the relevant UK Treaty to obtain exemption from Tax imposed by the United Kingdom on payments of interest.

            

            

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

            

            

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

            

            

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

            

            

            “U.S. Lender” means a Lender that is not a Foreign Lender.

            

            

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

            

            

            “U.S. Special Resolution Regime” has the meaning assigned to it in Section 9.20.

            

            

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

            

            

            “Wholly-Owned Subsidiary” means any Subsidiary in which (other than, in the case of a corporation, directors’ qualifying shares required by law) 100% of the capital stock, partnership
              interests, membership interests or other equity interests is, at the time as of which any determination is being made, owned, beneficially and of record, by the Company, or by one or more of the other Wholly-Owned Subsidiaries, or both.

            

            

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

            

            

            “Works Council” means each works council (ondernemingsraad) or central or group works council (centrale of
                groeps ondernemingsraad) within the meaning of the Works Councils Act of the Netherlands (Wet op de ondernemingsraden) having jurisdiction over that person.

            

            

            “Write-Down and Conversion Powers” means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under
              the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule.

            

            

            
              46

              
                

            

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

            

            

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

            

            

            SECTION 1.04.  Accounting Terms; Agreement Accounting Principles.  Except as otherwise expressly provided herein, all terms of an accounting
              or financial nature shall be construed in accordance with Agreement Accounting Principles, as in effect from time to time; provided that, if the Company notifies the Administrative Agent that the Company requests an amendment to any
              provision hereof to eliminate the effect of any change occurring after the date hereof in Agreement Accounting Principles or in the application thereof on the operation of such provision (or if the Administrative Agent notifies the Company
              that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in Agreement Accounting Principles or in the application thereof, then such
              provision shall be interpreted on the basis of Agreement Accounting Principles as in effect and applied without giving effect to such change until such notice shall have been withdrawn or such provision  amended in accordance herewith. 
              Notwithstanding any other provision contained herein, (i) all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein (including computations in respect of
              compliance with Section 6.07) shall be made (a) without giving effect to any election under Accounting Standards Codification 825-10-25 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar
              result or effect) to value any Indebtedness or other liabilities of the Company or any Subsidiary at “fair value”, as defined therein and (b) without giving effect to any treatment of Indebtedness in respect of convertible debt instruments
              under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) to value any such Indebtedness in a reduced or bifurcated manner as described
              therein, and such Indebtedness shall at all times be valued at the full stated principal amount thereof and (ii) other than for purposes of the preparation and delivery of financial statements as contemplated by this Agreement, any
              obligations relating to a lease that was accounted for by such Person as an Operating Lease as of December 1, 2018 and any similar lease entered into after December 1, 2018 by such Person (or any subsidiary or Affiliate of such Person) shall
              be accounted for as obligations relating to an Operating Lease and not as Capitalized Lease Obligations.

            

            

            
              47

              
                

            

            SECTION 1.05.  Amendment and Restatement of the Existing Credit Agreement.  The parties to this Agreement agree that, upon (i) the execution
              and delivery by each of the parties hereto of this Agreement and (ii) satisfaction of the conditions set forth in Section 4.01, the terms and provisions of the Existing Credit Agreement shall be and hereby are amended, superseded and
              restated in their entirety by the terms and provisions of this Agreement.  This Agreement is not intended to and shall not constitute a novation.  All “Loans” (the “Existing Loans”) made and “Obligations” incurred under the Existing
              Credit Agreement which are outstanding on the Effective Date shall continue as Revolving Loans and Obligations under (and shall be governed by the terms of) this Agreement and the other Loan Documents.  Without limiting the foregoing, upon
              the effectiveness hereof: (a) all references in the “Loan Documents” (as defined in the Existing Credit Agreement) to the “Administrative Agent”, the “Collateral Agent”, the “Agreement”, the “Credit Agreement” and the “Loan Documents” shall
              be deemed to refer to the Administrative Agent, the Collateral Agent, this Agreement and the Loan Documents, (b) the Existing Letters of Credit which remain outstanding on the Effective Date under the Existing Credit Agreement shall continue
              as Letters of Credit under (and shall be governed by the terms of) this Agreement, (c) the liens and security interests in favor of the Collateral Agent for the benefit of the Secured Parties securing payment of the Secured Obligations are in
              all respects continuing and in full force and effect with respect to all Secured Obligations, (d) the Administrative Agent shall make such reallocations, sales, assignments or other relevant actions in respect of each Lender’s credit exposure
              under the Existing Credit Agreement as are necessary in order that each such Lender’s Revolving Credit Exposure and outstanding Revolving Loans hereunder reflects such Lender’s Applicable Percentage of the outstanding aggregate Revolving
              Credit Exposures on the Effective Date (without the necessity of executing and delivering any Assignment and Assumption or the payment of any processing or recordation fee) and (e) the Company hereby agrees to compensate each Lender for any
              and all losses, costs and expenses incurred by such Lender in connection with the sale and assignment of any Eurocurrency Loans (including the “Eurocurrency Loans” under the Existing Credit Agreement) and such reallocation described above, in
              each case on the terms and in the manner set forth in Section 2.16 hereof.  The parties to this Agreement agree that (i) all terms and conditions of the Existing Credit Agreement which are amended and restated by this Agreement shall
              remain effective until the Effective Date, and thereafter shall continue to be effective only as amended and restated by this Agreement, (ii) the representations, warranties and covenants set forth herein shall become effective concurrently
              with the Effective Date, and (iii) this Agreement amends the Existing Credit Agreement in its entirety and this Agreement constitutes the “Credit Agreement” as defined in the Intercreditor Agreement.

            

            

            SECTION 1.06.  Interest Rates; LIBOR Notification.  The interest rate on Eurocurrency Loans is determined by reference to the LIBO Rate,
              which is derived from the London interbank offered rate.  The London interbank offered rate is intended to represent the rate at which contributing banks may obtain short-term borrowings from each other in the London interbank market.  In
              July 2017, the U.K. Financial Conduct Authority announced that, after the end of 2021, it would no longer persuade or compel contributing banks to make rate submissions to the ICE Benchmark Administration (together with any successor to the
              ICE Benchmark Administrator, the “IBA”) for purposes of the IBA setting the London interbank offered rate.  As a result, it is possible that commencing in 2022, the London interbank offered rate may no longer be available or may no longer be
              deemed an appropriate reference rate upon which to determine the interest rate on Eurocurrency Loans.  In light of this eventuality, public and private sector industry initiatives are currently underway to identify new or alternative
              reference rates to be used in place of the London interbank offered rate.  In the event that the London interbank offered rate is no longer available or in certain other circumstances as set forth in Section 2.14(c) of this Agreement,
              such Section 2.14(c) provides a mechanism for determining an alternative rate of interest.  The Administrative Agent will notify the Company, pursuant to Section 2.14, in advance of any change to the reference rate upon which
              the interest rate on Eurocurrency Loans is based.  However, the Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission or availability of the
              London interbank offered rate or other rates in the definition of “LIBO Rate” or with respect to any alternative or successor rate thereto, or replacement rate thereof, including without limitation, whether the composition or characteristics
              of any such alternative, successor or replacement reference rate, as it may or may not be adjusted pursuant to Section 2.14(c), will be similar to, or produce the same value or economic equivalence of, the LIBO Rate or have the same
              volume or liquidity as did the London interbank offered rate prior to its discontinuance or unavailability (other than, for the avoidance of doubt, with respect to its obligation to apply the definition of such rate in accordance with its
              terms and comply with its obligations in Article II (including Section 2.14) of this Agreement).

            

            

            
              48

              
                

            

            SECTION 1.07.  Certain Calculations.  No Default or Event of Default shall arise as a result of any limitation or threshold set forth in
              Dollars in Articles VI and VII under this Agreement being exceeded solely as a result of changes in currency exchange rates from those rates applicable on the last day of the fiscal quarter of the Company immediately preceding
              the fiscal quarter of the Company in which the applicable transaction or occurrence requiring a determination occurs.

            

            

            SECTION 1.08.  Divisions.  For all purposes under the Loan Documents, in connection with any division or plan of division under Delaware law
              (or any comparable event under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been
              transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized and acquired on the first date of its existence by the holders of its
              Capital Stock at such time.

            

            

            SECTION 1.09.  Leverage Ratios.  Notwithstanding anything to the contrary contained herein, for purposes of calculating any pro forma
              leverage ratio herein in connection with the incurrence of any Indebtedness, (a) there shall be no netting of the cash proceeds proposed to be received in connection with the incurrence of such Indebtedness and (b) to the extent the
              Indebtedness to be incurred is revolving Indebtedness, such incurred revolving Indebtedness (or if applicable, the portion (and only such portion) of the increased commitments thereunder) shall be treated as fully drawn.

              

            

            ARTICLE II

            

             

            

            The Credits

            

            

            SECTION 2.01.  Commitments.  Subject to the terms and conditions set forth herein, (a) each Revolving Lender (severally and not jointly)
              agrees to make Revolving Loans to the Borrowers in Agreed Loan Currencies from time to time during the Revolving Credit Availability Period in an aggregate principal amount that will not, subject to fluctuations in currency exchange rates and
              Section 2.11(c) and subject to any application of proceeds of such Borrowing to any Swingline Loans outstanding pursuant to Section 2.10(a)(i), result in (i) subject to Section 2.04, the Dollar Amount of such Lender’s Revolving
              Credit Exposure exceeding such Lender’s Revolving Commitment, (ii) subject to Section 2.04, the Dollar Amount of the Total Revolving Credit Exposure exceeding the aggregate Revolving Commitments, (iii) subject to Section 2.04,
              the sum of the aggregate principal Dollar Amount of all Loans outstanding to Foreign Subsidiary Borrowers exceeding the Foreign Borrower Sublimit or (iv) subject to Section 2.04, the Dollar Amount of the total outstanding Revolving
              Loans and LC Exposure, in each case denominated in Foreign Currencies, exceeding the Foreign Currency Sublimit, (b) each Dollar Term Lender with a Dollar Term Loan Commitment (severally and not jointly) agrees to make a Dollar Term Loan to
              the Company in Dollars in a single drawing on the Effective Date, in an amount equal to such Dollar Term Lender’s Dollar Term Loan Commitment and (c) each Euro Term Lender with a Euro Term Loan Commitment (severally and not jointly) agrees to
              make a Euro Term Loan to the Company in euros in a single drawing on the Effective Date, in an amount equal to such Euro Term Lender’s Euro Term Loan Commitment.  Within the foregoing limits and subject to the terms and conditions set forth
              herein, the Borrowers may borrow, prepay and reborrow Revolving Loans.  Amounts repaid or prepaid in respect of Term Loans may not be reborrowed.

            

            

            
              49

              
                

            

            SECTION 2.02.  Loans and Borrowings.  (a)   Each Loan (other than a Swingline Loan) shall be made as part of a Borrowing consisting of Loans
              of the same Class and Type made by the applicable Lenders ratably in accordance with their respective Commitments of the applicable Class.  The failure of any Lender to make any Loan required to be made by it shall not relieve any other
              Lender of its obligations hereunder; provided that the Commitments of the Lenders are several and no Lender shall be responsible for any other Lender’s failure to make Loans as required.  Any Swingline Loan shall be made in accordance
              with the procedures set forth in Section 2.05.  The Term Loans shall amortize as set forth in Section 2.10.

            

            

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

            

            

            (c)  At the commencement of each Interest Period for any Eurocurrency Revolving Borrowing, such Borrowing shall be in an aggregate amount that is an
              integral multiple of $500,000 (or, if such Borrowing is denominated in (i) Japanese Yen, JPY50,000,000 or (ii) a Foreign Currency other than Japanese Yen, 500,000 units of such currency) and not less than $2,000,000 (or, if such Borrowing is
              denominated in (i) Japanese Yen, JPY200,000,000 or (ii) a Foreign Currency other than Japanese Yen, 2,000,000 units of such currency).  At the time that each ABR Revolving Borrowing is made, such Borrowing shall be in an aggregate amount that
              is an integral multiple of $500,000 and not less than $2,000,000; provided that an ABR Revolving Borrowing may be in an aggregate amount that is equal to the entire unused balance of the aggregate Revolving Commitments or that is
              required to finance the reimbursement of an LC Disbursement as contemplated by Section 2.06(e).  Each Swingline Loan shall be in an amount that is an integral multiple of $100,000 and not less than $1,000,000.  Borrowings of more than
              one Type and Class may be outstanding at the same time; provided that there shall not at any time be more than a total of fifteen (15) Eurocurrency Borrowings outstanding.

            

            

            (d)  Notwithstanding any other provision of this Agreement, no Borrower shall be entitled to request, or to elect to convert or continue, any
              Borrowing if the Interest Period requested with respect thereto would end after the applicable Maturity Date.

            

            

            (e)  Notwithstanding any provision of this Agreement to the contrary, any Credit Event to any Dutch Borrower shall at all times be provided by a
              Lender that is a Dutch Non-Public Lender.

            

            

            
              50

              
                

            

            SECTION 2.03.  Requests for Borrowings.  To request a Revolving Borrowing or a Term Loan Borrowing, the applicable Borrower, or the Company
              on behalf of the applicable Borrower, shall notify the Administrative Agent of such request (a) by irrevocable written notice (via a written Borrowing Request signed by the applicable Borrower, or the Company on behalf of the applicable
              Borrower) in the case of a Eurocurrency Borrowing, not later than 12:00 noon, Local Time, three (3) Business Days (in the case of a Eurocurrency Borrowing denominated in Dollars) or by irrevocable written notice (via a written Borrowing
              Request signed by such Borrower, or the Company on its behalf)  not later than three (3) Business Days (in the case of a Eurocurrency Borrowing denominated in a Foreign Currency), in each case before the date of the proposed Borrowing or (b)
              by irrevocable written notice (via a written Borrowing Request signed by the applicable Borrower, or the Company on behalf of the applicable Borrower) in the case of an ABR Borrowing, not later than 12:00 noon, Chicago time, on the Business
              Day of the proposed Borrowing.  Each such Borrowing Request shall specify the following information in compliance with Section 2.02:

            

            

            (i)   the name of the applicable Borrower;

            

            

            (ii)  the aggregate principal amount of the requested Borrowing;

            

            

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

            

            

            (iv) whether such Borrowing is to be an ABR Borrowing or a Eurocurrency Borrowing and whether such Borrowing is a Revolving
              Borrowing, a Dollar Term Loan Borrowing or a Euro Term Loan Borrowing;

            

            

            (v)  in the case of a Eurocurrency Borrowing, the Agreed Currency and initial Interest Period to be applicable thereto, which
              shall be a period contemplated by the definition of the term “Interest Period”; and

            

            

            (vi) the location and number of the applicable Borrower’s account to which funds are to be disbursed, which shall comply with
              the requirements of Section 2.07.

            

            

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

            

            

            SECTION 2.04.  Determination of Dollar Amounts.  The Administrative Agent will determine the Dollar Amount of:

            

            

            (a)  any Loan denominated in a Foreign Currency, on each of the following: (i) the date of the Borrowing of such Loan and (ii) each date of a
              conversion or continuation of such Loan pursuant to the terms of this Agreement,

            

            

            (b)  any Letter of Credit denominated in a Foreign Currency, on each of the following: (i) the date on which such Letter of Credit is issued, (ii)
              the first Business Day of each calendar month and (iii) the date of any amendment of such Letter of Credit that has the effect of increasing the face amount thereof, and

            

            

            (c)  any Credit Event, on any additional date as the Administrative Agent may determine at any time when an Event of Default exists.

            

            

            
              51

              
                

            

            Each day upon or as of which the Administrative Agent determines Dollar Amounts as described in the preceding clauses (a), (b) and (c) is herein described as a “Computation Date” with respect to each Credit
              Event for which a Dollar Amount is determined on or as of such day, and the Administrative Agent shall notify the Company of all such determinations and related computations on such Computation Date.

            

            

            SECTION 2.05.  Swingline Loans.  (a)   Subject to the terms and conditions set forth herein, each Swingline Lender may in its sole discretion
              make Swingline Loans in Dollars to the Company from time to time during the Revolving Credit Availability Period, in an aggregate principal amount at any time outstanding that will not result in (i) the aggregate principal amount of
              outstanding Swingline Loans made by such Swingline Lender exceeding such Swingline Lender’s Swingline Sublimit, except to the extent otherwise agreed by such Swingline Lender, the Administrative Agent and the Company, (ii) any Swingline
              Lender’s Revolving Credit Exposure exceeding its Revolving Commitment, (iii) the aggregate principal amount of outstanding Swingline Loans exceeding $25,000,000 or (iv) the Dollar Amount of the Total Revolving Credit Exposure exceeding the
              aggregate Revolving Commitments; provided that a Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan.  Within the foregoing limits and subject to the terms and conditions set
              forth herein, the Company may borrow, prepay and reborrow Swingline Loans.

            

            

            (b)  To request a Swingline Loan, the Company shall notify the Administrative Agent of such request by irrevocable written notice (via a written
              Borrowing Request signed by the Company), not later than 1:00 p.m., Chicago time, on the day of a proposed Swingline Loan.  Each such notice shall be irrevocable and shall specify the requested date (which shall be a Business Day) and amount
              of the requested Swingline Loan and the Swingline Lender to make such Swingline Loan.  The Administrative Agent will promptly advise such Swingline Lender of any such notice received from the Company.  Unless otherwise directed by the
              Company, each Swingline Lender shall (subject to such Swingline Lender’s discretion to make Swingline Loans as set forth in Section 2.05(a)) make each Swingline Loan to be made by it available to the Company by means of a credit to an account
              of the Company with the Administrative Agent designated for such purpose (or, in the case of a Swingline Loan made to finance the reimbursement of an LC Disbursement as provided in Section 2.06(e), by remittance to the relevant
              Issuing Bank) by 3:00 p.m., Chicago time, on the requested date of such Swingline Loan.

            

            

            (c)  Any Swingline Lender may by written notice given to the Administrative Agent require the Revolving Lenders to acquire participations in all or
              a portion of its Swingline Loans outstanding.  Such notice shall specify the aggregate amount of Swingline Loans in which Revolving Lenders will participate.  Promptly upon receipt of such notice, the Administrative Agent will give notice
              thereof to each Revolving Lender, specifying in such notice such Revolving Lender’s Applicable Percentage of such Swingline Loan or Loans.  Each Revolving Lender hereby absolutely and unconditionally agrees, promptly upon receipt of such
              notice from the Administrative Agent (and in any event, if such notice is received by 12:00 noon, Local Time, on a Business Day, no later than 5:00 p.m., Local Time, on such Business Day and if received after 12:00 noon, Local Time, on a
              Business Day, no later than 10:00 a.m., Local Time, on the immediately succeeding Business Day), to pay to the Administrative Agent, for the account of such Swingline Lender, such Revolving Lender’s Applicable Percentage of such Swingline
              Loan or Loans.  Notwithstanding the foregoing, upon the occurrence of (i) the Revolving Credit Maturity Date, (ii) any Event of Default with respect to the Company described in clause (g), (h) or (k) of Article VII, (iii) the date on
              which the Revolving Loans are accelerated, or (iv) the termination of the Revolving Commitments (each, a “Swingline Participation Event”), each Revolving Lender shall be deemed to absolutely and unconditionally acquire participations
              in all of the Swingline Loans outstanding at such time in an amount equal to its Applicable Percentage of such Swingline Loans in each case without notice or any further action from any Swingline Lender, Lender or the Administrative Agent. 
              Notwithstanding anything to the contrary set forth above, each Revolving Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the relevant Swingline Lenders, such Revolving Lender’s
              Applicable Percentage of such Swingline Loans promptly upon the occurrence of such Swingline Participation Event and the Administrative Agent giving notice to such Revolving Lender of such Lender’s Applicable Percentage of such Swingline Loan
              or Loans (and in any event, if such  Swingline Participation Event occurs and such notice is given by 12:00 noon, Chicago time, on a Business Day, by no later than 5:00 p.m. Chicago time on such Business Day, and if such Swingline
              Participation Event occurs or such notice if given after 12:00 noon, Chicago time, on a Business Day, by no later than 10:00 a.m. Chicago time on the immediately succeeding Business Day).  Each Revolving Lender acknowledges and agrees that
              its obligation to acquire participations in Swingline Loans pursuant to this paragraph is absolute and unconditional and shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or reduction
              or termination of the Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever.  Each Revolving Lender shall comply with its obligation under this paragraph by wire transfer of
              immediately available funds, in the same manner as provided in Section 2.07 with respect to Loans made by such Revolving Lender (and Section 2.07 shall apply, mutatis mutandis, to the payment obligations of the
              Revolving Lenders), and the Administrative Agent shall promptly pay to such Swingline Lender the amounts so received by it from the Revolving Lenders.  The Administrative Agent shall notify the Company promptly of any participations in any
              Swingline Loan acquired pursuant to this paragraph, and thereafter payments in respect of such Swingline Loan shall be made to the Administrative Agent and not to such Swingline Lender.  Any amounts received by a Swingline Lender from the
              Company (or other party on behalf of the Company) in respect of a Swingline Loan after receipt by such Swingline Lender of the proceeds of a sale of participations therein shall be promptly remitted to the Administrative Agent; any such
              amounts received by the Administrative Agent shall be promptly remitted by the Administrative Agent to the Revolving Lenders that shall have made their payments pursuant to this paragraph and to such Swingline Lender, as their interests may
              appear; provided that any such payment so remitted shall be repaid to such Swingline Lender or to the Administrative Agent, as applicable, if and to the extent such payment is required to be refunded to the Company for any reason.  The
              purchase of participations in a Swingline Loan pursuant to this paragraph shall not relieve the Company of any default in the payment thereof.

            

            

            
              52

              
                

            

            (d)  Any Swingline Lender may be replaced at any time by written agreement among the Company, the Administrative Agent, the replaced Swingline
              Lender and the successor Swingline Lender.  The Administrative Agent shall notify the Revolving Lenders of any such replacement of the relevant Swingline Lender.  At the time any such replacement shall become effective, the Company shall pay
              all unpaid interest accrued for the account of the replaced Swingline Lender pursuant to Section 2.13(a).  From and after the effective date of any such replacement, (i) the successor Swingline Lender shall have all the rights and
              obligations of the replaced Swingline Lender under this Agreement with respect to Swingline Loans made thereafter and (ii) references herein to the term “Swingline Lender” shall be deemed to refer to such successor or to any previous
              Swingline Lender, or to such successor and all previous Swingline Lenders, as the context shall require.  After the replacement of a Swingline Lender hereunder, the replaced Swingline Lender shall remain a party hereto and shall continue to
              have all the rights and obligations of a Swingline Lender under this Agreement with respect to Swingline Loans made by it prior to its replacement, but shall not be required to make additional Swingline Loans.

            

            

            (e)  Subject to the appointment and acceptance of a successor Swingline Lender, any Swingline Lender may resign as a Swingline Lender at any time
              upon thirty (30) days’ prior written notice to the Administrative Agent, the Company and the Revolving Lenders, in which case, such Swingline Lender shall be replaced in accordance with Section 2.05(d) above.

            

            

            
              53

              
                

            

            SECTION 2.06.  Letters of Credit.  (a)   General.  Subject to the terms and conditions set forth herein, the Company may request the
              issuance of Letters of Credit (or the amendment or extension of any outstanding Letter of Credit) denominated in Agreed LC Currencies for its own account, as the applicant thereof for the support of its or its Subsidiaries’ obligations, in a
              form reasonably acceptable to the Administrative Agent, the Company and the Issuing Bank issuing such Letter of Credit, at any time and from time to time during the Revolving Credit Availability Period.  In the event of any inconsistency
              between the terms and conditions of this Agreement and the terms and conditions of any Letter of Credit Agreement, the terms and conditions of this Agreement shall control; provided, however, if any Issuing Bank is requested
              to issue Letters of Credit with respect to a jurisdiction such Issuing Bank deems, in its reasonable judgment applied generally to substantially similar credit facilities for which it acts as an issuing bank, may at any time subject it to a
              New Money Credit Event or a Country Risk Event, the Issuing Bank shall promptly notify the Company of such determination prior to the issuance of any Letter of Credit, and the Company shall either withdraw its request to issue such Letter of
              Credit or, at the request of such Issuing Bank, guaranty and indemnify such Issuing Bank against any and all costs, liabilities and losses resulting from such New Money Credit Event or Country Risk Event, in each case in a form and substance
              reasonably satisfactory to such Issuing Bank.  Notwithstanding anything herein to the contrary, no Issuing Bank shall have any obligation hereunder to issue any Letter of Credit the proceeds of which would be made available to any Person (i)
              to fund any activity or business of or with any Designated Person, or in any country or territory that, at the time of such funding, is the subject of any Sanctions, in each case to the extent prohibited for a Person required to comply with
              Sanctions, (ii) in any manner that would result in a violation of any Sanctions by any party to this Agreement or (iii) in any manner that would result in a violation of one or more policies of such Issuing Bank applicable to letters of
              credit generally.  The Company unconditionally and irrevocably agrees that, in connection with any Letter of Credit issued for the support of any Subsidiary’s obligations as provided in the first sentence of this paragraph, the Company will
              be fully responsible for the reimbursement of LC Disbursements in accordance with the terms hereof, the payment of interest thereon and the payment of fees due under Section 2.12(b) to the same extent as if it were the sole account
              party in respect of such Letter of Credit (the Company hereby irrevocably waiving any defenses that might otherwise be available to it as a guarantor or surety of the obligations of such a Subsidiary that is an account party in respect of any
              such Letter of Credit).  Notwithstanding the foregoing, the letters of credit identified on Schedule 2.06 (the “Existing Letters of Credit”) shall be deemed to be “Letters of Credit” issued on the Effective Date for all
              purposes of the Loan Documents.

            

            

            (b)  Notice of Issuance, Amendment, Extension; Certain Conditions.  To request the issuance of a Letter of Credit (or the amendment or
              extension of an outstanding Letter of Credit), the Company shall hand deliver, email or telecopy (or transmit by electronic communication, if arrangements for doing so have been approved by such Issuing Bank) to the applicable Issuing Bank
              (selected by the Company in its sole discretion) and the Administrative Agent (reasonably in advance of the requested date of issuance, amendment or extension, but in any event no less than three (3) Business Days in advance thereof unless a
              shorter period is acceptable to the applicable Issuing Bank in its sole discretion) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended or extended, and specifying the date of issuance,
              amendment or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit, the Agreed LC Currency applicable
              thereto, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend or extend such Letter of Credit.  In addition, as a condition to any such Letter of Credit issuance, the Company shall
              have entered into a continuing agreement (or other letter of credit agreement) for the issuance of letters of credit and/or shall submit a letter of credit application, in a form agreed to by the Company and the applicable Issuing Bank in
              connection with any request for a Letter of Credit (each, a “Letter of Credit Agreement”).  A Letter of Credit shall be issued, amended to increase the amount or extended only if (and upon issuance, amendment to increase the amount or
              extension of each Letter of Credit the Company shall be deemed to represent and warrant that), after giving effect to such issuance, amendment or extension, but allowing for fluctuations in currency exchange rates and subject to Section
                2.11(c), (i) subject to Section 2.04, the Dollar Amount of the LC Exposure shall not exceed $25,000,000, (ii) subject to Section 2.04, the Dollar Amount of the aggregate face amount of all Letters of Credit issued and
              then outstanding by any Issuing Bank shall not exceed such Issuing Bank’s Applicable LC Sublimit, (iii) subject to Section 2.04, the sum of the Dollar Amount of the Total Revolving Credit Exposure shall not exceed the aggregate
              Revolving Commitments, (iv) subject to Section 2.04, the Dollar Amount of each Lender’s Revolving Credit Exposure shall not exceed such Lender’s Revolving Commitment and (v) subject to Section 2.04, the Dollar Amount of the
              total outstanding Revolving Loans and LC Exposure, in each case denominated in Foreign Currencies, shall not exceed the Foreign Currency Sublimit.

            

            

            
              54

              
                

            

            (c)  Expiration Date.  Each Letter of Credit shall expire (or, if set forth in such Letter of Credit, be subject to termination by notice
              from the Issuing Bank to the beneficiary thereof) at or prior to the close of business on the earlier of (i) the date two years after the date of the issuance of such Letter of Credit (or, in the case of any extension thereof, two years after
              such extension), unless the Required Revolving Lenders and the applicable Issuing Bank, in their discretion, have approved a later expiry date in writing and (ii) the date that is five (5) Business Days prior to the Revolving Credit Maturity
              Date; provided that, upon the Company’s request and subject to the approval, in its reasonable discretion, by the Administrative Agent and the applicable Issuing Bank that has issued such Letter of Credit, any such Letter of Credit
              may have a later expiry date (but in any event not later than one (1) year after the Revolving Credit Maturity Date) if Cash Collateralized in compliance with Section 2.06(j) below.

            

            

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

            

            

            
              55

              
                

            

            (e)  Reimbursement.  If any Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, the Company shall reimburse such LC
              Disbursement by paying to the Administrative Agent in Dollars the Dollar Amount equal to such LC Disbursement, calculated as of the date such Issuing Bank made such LC Disbursement (or if such Issuing Bank shall so elect in its sole
              discretion by notice to the Company, in such other Agreed LC Currency which was paid by such Issuing Bank pursuant to such LC Disbursement in an amount equal to such LC Disbursement) not later than 12:00 noon, Local Time, on the date that
              such LC Disbursement is made, if the Company shall have received notice of such LC Disbursement prior to 10:00 a.m., Local Time, on such date, or, if such notice has not been received by the Company prior to such time on such date, then not
              later than 12:00 noon, Local Time, on (i) the Business Day that the Company receives such notice, if such notice is received prior to 10:00 a.m., Local Time, on the day of receipt, or (ii) the Business Day immediately following the day that
              the Company receives such notice, if such notice is not received prior to such time on the day of receipt; provided that, subject to the conditions to borrowing set forth herein, (i) to the extent such LC Disbursement was made in
              Dollars, such payment shall, automatically and without notice, be financed with (x) if the LC Disbursement is equal to or greater than $1,000,000, an ABR Revolving Borrowing in Dollars or, at the Company’s election, a Swingline Loan, or (y)
              if the LC Disbursement is equal to or greater than $100,000 but less than $1,000,000, a Swingline Loan, in each case in an amount equal to such LC Disbursement or (ii) to the extent such LC Disbursement was made in a Foreign Currency, the
              Company may request in accordance with Section 2.03 that such payment be financed with (i) an ABR Revolving Borrowing or Eurocurrency Revolving Borrowing in Dollars in the Dollar Amount of such LC Disbursement or (ii) to the extent
              that such LC Disbursement was made in a Foreign Currency, a Eurocurrency Revolving Borrowing in such Foreign Currency (in the event such Foreign Currency is an Agreed Loan Currency) in an amount equal to such LC Disbursement, and, in each
              case, to the extent so financed, the Company’s obligation to make such payment shall be discharged and replaced by the resulting ABR Revolving Borrowing, Swingline Loan or Eurocurrency Revolving Borrowing, as applicable.  If the Company fails
              to make such payment when due, the Administrative Agent shall notify each Revolving Lender of the applicable LC Disbursement, the payment then due from the Company in respect thereof and such Revolving Lender’s Applicable Percentage thereof. 
              Promptly following receipt of such notice, each Revolving Lender shall pay to the Administrative Agent its Applicable Percentage of the payment then due from the Company, in the same manner as provided in Section 2.07 with respect to
              Loans made by such Revolving Lender (and Section 2.07 shall apply, mutatis mutandis, to the payment obligations of the Revolving Lenders, provided that, with respect to any such payment in respect of a Letter of Credit
              denominated in an Agreed LC Currency that is not an Agreed Loan Currency, any Revolving Lender may make such payment in Dollars in the Dollar Amount of such LC Disbursement), and the Administrative Agent shall promptly pay to such Issuing
              Bank the amounts so received by it from the Revolving Lenders.  Promptly following receipt by the Administrative Agent of any payment from the Company pursuant to this paragraph, the Administrative Agent shall distribute such payment to such
              Issuing Bank or, to the extent that Revolving Lenders have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such Revolving Lenders and such Issuing Bank as their interests may appear.  Any payment made by a
              Revolving Lender pursuant to this paragraph to reimburse any Issuing Bank for any LC Disbursement (other than the funding of ABR Revolving Loans, Eurocurrency Revolving Loans or a Swingline Loan as contemplated above) shall not constitute a
              Loan and shall not relieve the Company of its obligation to reimburse such LC Disbursement.  If the Company’s reimbursement of, or obligation to reimburse, any amounts in any Foreign Currency would subject the Administrative Agent, any
              Issuing Bank or any Revolving Lender to any stamp duty, ad valorem charge or similar tax that would not be payable if such reimbursement were made or required to be made in Dollars, the Administrative Agent shall promptly notify the Company
              prior to payment by the Company, and the Company shall, at its option, either (x) pay the amount of any such tax requested by the Administrative Agent, the relevant Issuing Bank or the relevant Revolving Lender or (y) reimburse each LC
              Disbursement made in such Foreign Currency in Dollars, in an amount equal to the Dollar Amount thereof calculated on the date such LC Disbursement is made.

            

            

            (f)  Obligations Absolute.  The Company’s obligation to reimburse LC Disbursements as provided in paragraph (e) of this Section shall be
              absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and irrespective of (i) any lack of validity or enforceability of any Letter of
              Credit, any Letter of Credit Agreement or this Agreement, or any term or provision therein, (ii) any draft or other document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any respect or any statement
              therein being untrue or inaccurate in any respect, (iii) any payment by any Issuing Bank under a Letter of Credit against presentation of a draft or other document that does not comply with the terms of such Letter of Credit, or (iv) any
              other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section, constitute a legal or equitable discharge of, or provide a right of setoff against, the Company’s
              obligations hereunder.  Neither the Administrative Agent, the Revolving Lenders nor the Issuing Banks, nor any of their respective Related Parties, shall have any liability or responsibility by reason of or in connection with the issuance or
              transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or
              delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical terms or any consequence arising from
              causes beyond the control of an Issuing Bank; provided that the foregoing shall not be construed to excuse any Issuing Bank from liability to the Company to the extent of any direct damages (as opposed to special, indirect,
              consequential or punitive damages, claims in respect of which are hereby waived by the Company to the extent permitted by applicable law) suffered by the Company that are caused by such Issuing Bank’s failure to exercise care when determining
              whether drafts and other documents presented under a Letter of Credit comply with the terms thereof.  The parties hereto expressly agree that, in the absence of gross negligence or willful misconduct on the part of an Issuing Bank (as finally
              determined by a court of competent jurisdiction), such Issuing Bank shall be deemed to have exercised care in each such determination.  In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with
              respect to documents presented which appear on their face to be in substantial compliance with the terms of a Letter of Credit, the relevant Issuing Bank may, in its sole discretion, either accept and make payment upon such documents without
              responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of
              Credit.

            

            

            
              56

              
                

            

            (g)  Disbursement Procedures.  Each Issuing Bank shall, within the time period stipulated by the terms and conditions of the applicable
              Letter of Credit following its receipt thereof (and, if no time period is so stipulated, promptly), examine all documents purporting to represent a demand for payment under a Letter of Credit.  After such examination, such Issuing Bank shall
              promptly notify the Administrative Agent and the Company by telephone (confirmed by telecopy or e-mail in accordance with Section 9.01) of such demand for payment and whether such Issuing Bank has made or will make an LC Disbursement
              thereunder; provided that any failure to give or delay in giving such notice shall not relieve the Company of its obligation to reimburse such Issuing Bank and the Lenders with respect to any such LC Disbursement in accordance with
              Section 2.06(e).

            

            

            (h)  Interim Interest.  If any Issuing Bank shall make any LC Disbursement, then, unless the Company shall reimburse such LC Disbursement in
              full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that the Company reimburses such LC Disbursement, at
              the rate per annum then applicable to ABR Revolving Loans (or in the case such LC Disbursement is denominated in a Foreign Currency, at the Overnight Foreign Currency Rate for such Agreed LC Currency plus the then effective Applicable
              Rate with respect to Eurocurrency Revolving Loans); provided that, if the Company fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then Section 2.13(b) shall apply.  Interest accrued
              pursuant to this paragraph shall be for the account of the relevant Issuing Bank, except that interest accrued on and after the date of payment by any Revolving Lender pursuant to paragraph (e) of this Section to reimburse any Issuing Bank
              shall be for the account of such Revolving Lender to the extent of such payment.

            

            

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

            

            

            
              57

              
                

            

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

            

            

            (j)   Cash Collateral.  Subject to the terms of the Intercreditor Agreement, if (x) any Event of Default shall occur and be continuing, on
              the Business Day that the Company receives notice from the Administrative Agent or the Required Revolving Lenders (or, if the maturity of the Loans has been accelerated, Revolving Lenders with LC Exposure representing greater than 50% of the
              total LC Exposure) demanding Cash Collateral pursuant to this paragraph or (y) the Company requests the issuance of a Letter of Credit with an expiry date that is later than the expiry date prescribed in clause (c) of this Section 2.06
              (an “Extended Letter of Credit”), the Company shall deliver Cash Collateral in an amount equal to (1) with respect to a Letter of Credit denominated in Dollars, 100%, and (2) with respect to a Foreign Currency Letter of Credit, 105%,
              in each case of the Dollar Amount of the LC Exposure in respect of such Extended Letter of Credit (in the case of the foregoing clause (y)) or in the aggregate (in the case of the foregoing clause (x)) as of such date plus any accrued and
              unpaid interest thereon; provided that (i) the portions of such amount attributable to undrawn Foreign Currency Letters of Credit or LC Disbursements in a Foreign Currency that the Company is not late in reimbursing shall be covered
              or deposited in the applicable Foreign Currencies in an amount equal to 105% of the actual amounts of such undrawn Letters of Credit and LC Disbursements and (ii) the obligation to provide such Cash Collateral shall become effective
              immediately, and such Cash Collateral shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to the Company described in clause (g), (h) or (k) of Article

                VII.  For the purposes of this paragraph, the Foreign Currency LC Exposure shall be calculated using the Dollar Amount thereof on the date notice demanding Cash Collateralization is delivered to the Company.  The Company also shall
              provide Cash Collateral pursuant to this paragraph as and to the extent required by Section 2.11(c).  Any such Cash Collateral shall be held by the Collateral Agent as collateral for the payment and performance of the Secured
              Obligations.  The Collateral Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over the LC Collateral Account, and the Company hereby grants the Collateral Agent a security interest in the LC
              Collateral Account.  Deposits in the LC Collateral Account shall bear interest, and such deposits shall be invested by the Collateral Agent in direct short term obligations of, or in other short term obligations which are unconditionally
              guaranteed with respect to all principal thereof and interest thereon by, the United States of America, in each case maturing no later than the expiry date of the Letter of Credit giving rise to LC Exposure.  Interest or profits, if any, on
              such investments shall accumulate in the LC Collateral Account.  Subject to the terms of the Intercreditor Agreement, moneys in the LC Collateral Account shall be applied by the Collateral Agent to reimburse each Issuing Bank for LC
              Disbursements for which it has not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of the Company for the LC Exposure at such time or, if the maturity of the Loans has
              been accelerated (but subject to the consent of Revolving Lenders with LC Exposure  representing greater than 50% of the total LC Exposure), be applied to satisfy other Secured Obligations; provided that at any time that the money
              remaining in the LC Collateral Account exceeds the LC Exposure by $100,000 or more, the Collateral Agent will, promptly after request therefor by the Company at any time that no Default shall exist, deliver such excess to the Company. 
              Subject to the terms of the Intercreditor Agreement, if the Company is required to provide Cash Collateral hereunder as a result of the occurrence of an Event of Default, such Cash Collateral (to the extent not applied as aforesaid) shall be
              returned to the Company or the issuer of the applicable letter of credit (as applicable) within three (3) Business Days after all Events of Default have been cured or waived.

            

            

            
              58

              
                

            

            (k)  Conversion.  In the event that the Loans become immediately due and payable on any date pursuant to Article VII, all amounts (i)
              that the Company is at the time or thereafter becomes required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Foreign Currency Letter of Credit (other than amounts in respect of which
              the Company has provided Cash Collateral pursuant to paragraph (j) above, if the applicable letter of credit was issued, or cash collateral was deposited, in the applicable Foreign Currency to the extent so deposited or applied), (ii) that
              the Revolving Lenders are at the time or thereafter become required to pay to the Administrative Agent and the Administrative Agent is at the time or thereafter becomes required to distribute to any Issuing Bank pursuant to paragraph (e) of
              this Section in respect of unreimbursed LC Disbursements made under any Foreign Currency Letter of Credit and (iii) of each Revolving Lender’s participation in any Foreign Currency Letter of Credit under which an LC Disbursement has been made
              shall, automatically and with no further action required, be converted into the Dollar Amount thereof, calculated on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such
              amounts.  On and after such conversion, all amounts accruing and owed to the Administrative Agent, any Issuing Bank or any Revolving Lender in respect of the obligations described in this paragraph shall accrue and be payable in Dollars at
              the rates otherwise applicable hereunder.

            

            

            (l)  Issuing Bank Agreements.  Each Issuing Bank agrees that, unless otherwise requested by the Administrative Agent, such Issuing Bank shall
              report in writing to the Administrative Agent (i) on the first Business Day of each week, the daily activity (set forth by day) in respect of Letters of Credit during the immediately preceding week, including all issuances, extensions and
              amendments, all expirations and cancellations and all disbursements and reimbursements, (ii) on or prior to each Business Day on which such Issuing Bank expects to issue, amend or extend any Letter of Credit, the date of such issuance,
              amendment or extension, and the aggregate face amount of the Letters of Credit to be issued, amended or extended by it and outstanding after giving effect to such issuance, amendment or extension occurred (and whether the amount thereof
              changed), (iii) on each Business Day on which such Issuing Bank makes any LC Disbursement, the date of such LC Disbursement and the amount of such LC Disbursement, (iv) on any Business Day on which any Borrower fails to reimburse an LC
              Disbursement required to be reimbursed to such Issuing Bank on such day, the date of such failure and the amount and currency of such LC Disbursement and (v) on any other Business Day, such other information as the Administrative Agent shall
              reasonably request.

            

            

            (m)  LC Exposure Determination.  Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the
              amount of such Letter of Credit available to be drawn at such time; provided that with respect to any Letter of Credit that, by its terms or the terms of any Letter of Credit Agreement related thereto, provides for one or more automatic
              increases in the available amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum amount is available to be
              drawn at such time.

            

            

            SECTION 2.07.  Funding of Borrowings.  (a)   Each Lender shall make each Loan to be made by it hereunder on the proposed date specified in
              accordance with the terms hereof in the Borrowing Request solely by wire transfer of immediately available funds (i) in the case of Loans denominated in Dollars, by 1:00 p.m., Chicago time, to the account of the Administrative Agent most
              recently designated by it for such purpose by notice to the Lenders and (ii) in the case of each Loan denominated in a Foreign Currency, by 1:00 p.m., Local Time, in the city of the Administrative Agent’s Eurocurrency Payment Office for such
              currency and at such Eurocurrency Payment Office for such currency; provided that Swingline Loans shall be made as provided in Section 2.05.  Except in respect of the provisions of this Agreement covering the reimbursement of
              Letters of Credit, the Administrative Agent will make such Loans available to the relevant Borrower by promptly crediting funds so received in the aforesaid account of the Administrative Agent to (x) an account of the Company maintained with
              the Administrative Agent in New York City or Chicago and designated by the relevant Borrower in the applicable Borrowing Request, in the case of Loans denominated in Dollars and (y) an account of such Borrower maintained in the relevant
              jurisdiction and designated by such Borrower in the applicable Borrowing Request, in the case of Loans denominated in a Foreign Currency; provided that Revolving Loans made to finance the reimbursement of an LC Disbursement as
              provided in Section 2.06(e) shall be remitted by the Administrative Agent to the relevant Issuing Bank.

            

            

            
              59

              
                

            

            (b)  Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing (or in the case of an ABR
              Borrowing, prior to 1:00 p.m., Chicago time, on the date of such Borrowing) that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has
              made such share available on such date in accordance with paragraph (a) of this Section and may, in reliance upon such assumption, make available to the relevant Borrower a corresponding amount.  In such event, if a Lender has not in fact
              made its share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and such Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount with interest
              thereon, for each day from and including the date such amount is made available to such Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of such Lender, the greater of the NYFRB Rate and a rate
              determined by the Administrative Agent in accordance with banking industry rules on interbank compensation (including without limitation the Overnight Foreign Currency Rate in the case of Loans denominated in a Foreign Currency) or (ii) in
              the case of such Borrower, the interest rate applicable to ABR Loans.  If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing.

            

            

            SECTION 2.08.  Interest Elections.  (a)   Each Borrowing initially shall be of the Type specified in the applicable Borrowing Request (or, if
              not so specified, as provided in Section 2.03) and, in the case of a Eurocurrency Borrowing, shall have an initial Interest Period as specified in such Borrowing Request (or, if not so specified, as provided in Section 2.03). 
              Thereafter, the relevant Borrower may elect to convert such Borrowing to a different Type or to continue such Borrowing and, in the case of a Eurocurrency Borrowing, may elect Interest Periods therefor, all as provided in this Section.  A
              Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans
              comprising each such portion shall be considered a separate Borrowing.  This Section shall not apply to Swingline Borrowings, which may not be converted or continued.

            

            

            (b)  To make an election pursuant to this Section, a Borrower, or the Company on its behalf, shall notify the Administrative Agent of such election
              (by irrevocable written notice via an Interest Election Request signed by such Borrower, or the Company on its behalf) by the time that a Borrowing Request would be required under Section 2.03 if such Borrower were requesting a
              Borrowing of the Type resulting from such election to be made on the effective date of such election.  Notwithstanding any contrary provision herein, this Section shall not be construed to permit any Borrower to (i) change the currency of any
              Borrowing, (ii) elect an Interest Period for Eurocurrency Loans that does not comply with Section 2.02(d) or (iii) convert any Borrowing to a Borrowing of a Type not available under the Class of Commitments pursuant to which such
              Borrowing was made.

            

            

            (c)   Each Interest Election Request shall specify the following information in compliance with Section 2.02:

            

            

            
              60

              
                

            

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

            

            

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

            

            

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

            

            

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

            

            

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

            

            

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

            

            

            (e)   If the relevant Borrower fails to deliver a timely Interest Election Request with respect to a Eurocurrency Borrowing prior to the end of the
              Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period (i) in the case of a Borrowing denominated in Dollars, such Borrowing shall be converted to an ABR Borrowing; provided
              that if the Company shall have delivered to the Administrative Agent its customary standard documentation pre-authorizing automatic continuations, such Borrowing shall automatically continue as a Eurocurrency Borrowing in Dollars with an
              Interest Period of one month unless such Eurocurrency Borrowing is or was repaid in accordance with Section 2.11 and (ii) in the case of a Borrowing denominated in a Foreign Currency in respect of which the applicable Borrower shall have
              failed to deliver an Interest Election Request prior to the third (3rd) Business Day preceding the end of such Interest Period, such Borrowing shall
              automatically continue as a Eurocurrency Borrowing in the same Agreed Currency with an Interest Period of one month unless such Eurocurrency Borrowing is or was repaid in accordance with Section 2.11.  Notwithstanding any contrary
              provision hereof, if an Event of Default has occurred and is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Company, then, so long as an Event of Default is continuing (i) no outstanding
              Borrowing denominated in Dollars may be converted to or continued as a Eurocurrency Borrowing, (ii) unless repaid, each Eurocurrency Borrowing denominated in Dollars shall be converted to an ABR Borrowing at the end of the Interest Period
              applicable thereto and (iii) unless repaid, each Eurocurrency Borrowing denominated in a Foreign Currency shall automatically be continued as a Eurocurrency Borrowing with an Interest Period of one month.

            

            

            SECTION 2.09.  Termination and Reduction of Commitments.

            

            

            (a)   Unless previously terminated, (i) the Term Loan Commitments shall terminate at 2:00 p.m., Chicago time, on the Effective Date and (ii) the
              Revolving Commitments shall terminate on the Revolving Credit Maturity Date (subject to Section 2.25).

            

            

            
              61

              
                

            

            (b)  The Company may at any time terminate, or from time to time reduce, the Revolving Commitments; provided that (i) each reduction of the
              Revolving Commitments shall be in an amount that is an integral multiple of $500,000 and not less than $5,000,000 and (ii) the Company shall not terminate or reduce the Revolving Commitments if, after giving effect to any concurrent
              prepayment of the Loans in accordance with Section 2.11, the Dollar Amount of the Total Revolving Credit Exposure would exceed the aggregate Revolving Commitments.

            

            

            (c)  Notwithstanding the foregoing, upon the acquisition of one Lender by another Lender, or the merger, consolidation or other combination of any
              two or more Lenders (any such acquisition, merger, consolidation or other combination being referred to hereinafter as a “Combination” and each Lender which is a party to such Combination being hereinafter referred to as a “Combined
                Lender”), the Company may notify the Administrative Agent that it desires to reduce the Commitment of the Lender surviving such Combination (the “Surviving Lender”) to an amount equal to the Commitment of that Combined Lender
              which had the largest Commitment of each of the Combined Lenders party to such Combination (such largest Commitment being the “Surviving Commitment” and the Commitments of the other Combined Lenders being hereinafter referred to,
              collectively, as the “Retired Commitments”).  If the Required Lenders (determined as set forth below) and the Administrative Agent agree to such reduction in the Surviving Lender’s Commitment, then (i) the aggregate amount of the
              Commitments shall be reduced by the Retired Commitments effective upon the effective date of the Combination (or such later date as the Company may specify in its request), provided, that, on or before such date the Borrowers have paid in
              full the outstanding principal amount of the Loans of each of the Combined Lenders other than the Combined Lender whose Commitment is the Surviving Commitment, (ii) from and after the effective date of such reduction, the Surviving Lender
              shall have no obligation with respect to the Retired Commitments, and (iii) the Company shall notify the Administrative Agent whether it wants such reduction to be a permanent reduction or a temporary reduction.  If such reduction is to be a
              temporary reduction, then the Company shall be responsible for finding one or more financial institutions (each, a “Replacement Lender”), acceptable to the Administrative Agent (such acceptance not to be unreasonably withheld,
              conditioned or delayed), willing to assume the obligations of a Lender hereunder with aggregate Commitments up to the amount of the Retired Commitments.  The Administrative Agent may require the Replacement Lenders to execute such documents,
              instruments or agreements as the Administrative Agent reasonably deems necessary or desirable to evidence such Replacement Lenders’ agreement to become parties hereunder.  For purposes of this Section 2.09(c), Required Lenders shall
              be determined as if the reduction in the aggregate amount of the Commitments requested by the Company had occurred (i.e., the Combined Lenders shall be deemed to have a single Commitment equal to the Surviving Commitment and the aggregate
              amount of the Commitments shall be deemed to have been reduced by the Retired Commitments).

            

            

            (d)  The Company shall notify the Administrative Agent of any election to terminate or reduce the Revolving Commitments under paragraph (b) of this
              Section at least three (3) Business Days prior to the effective date of such termination or reduction, specifying such election and the effective date thereof.  Promptly following receipt of any notice, the Administrative Agent shall advise
              the Revolving Lenders of the contents thereof.  Each notice delivered by the Company pursuant to this Section shall be irrevocable; provided that a notice of termination of the Revolving Commitments delivered by the Company may state
              that such notice is conditioned upon the effectiveness of other credit facilities or other transactions specified therein, in which case such notice may be revoked by the Company (by notice to the Administrative Agent on or prior to the
              specified effective date) if such condition is not satisfied.  Any termination or reduction of the Revolving Commitments shall be permanent.  Each reduction of the Revolving Commitments shall be made
                ratably among the Revolving Lenders in accordance with their respective Revolving Commitments.

            

            

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

            

            

            
              62

              
                

            

            (a)  (i) Each Borrower hereby unconditionally promises to pay (A) to the Administrative Agent for the account of each Revolving Lender the then
              unpaid principal amount of each Revolving Loan made to such  Borrower on the Revolving Credit Maturity Date in the currency of such Loan and (B) in the case of the Company, to the Administrative Agent for the account of the relevant Swingline
              Lender the then unpaid principal amount of each Swingline Loan made by such Swingline Lender on the earlier of the Revolving Credit Maturity Date and the 20th
              Business Day after the date such Swingline Loan is made; provided that on each date that a Revolving Borrowing is made, the Company shall repay all Swingline Loans then outstanding and the proceeds of any such Borrowing shall be
              applied by the Administrative Agent to repay any Swingline Loans outstanding.

            

            

            (ii) The Company shall repay Dollar Term Loans in installments as follows:  on the last day of the first full Fiscal Quarter following the Effective Date and on the last day of each Fiscal
              Quarter ending immediately after such first full Fiscal Quarter, 1.625% of the aggregate principal amount of the Dollar Term Loans actually funded on the Effective Date (in each of the foregoing cases, as adjusted from time to time pursuant
              to Section 2.11(b) and Section 2.11(f)).  To the extent not previously repaid, all unpaid Dollar Term Loans shall be paid in full in Dollars by the Company on the Dollar Term Loan Maturity Date.

            

            

            (iii) The Company shall repay Euro Term Loans in installments as follows:  on the last day of the first full Fiscal Quarter following the Effective Date and on the last day of each Fiscal
              Quarter ending immediately after such first full Fiscal Quarter, 1.625% of the aggregate principal amount of the Euro Term Loans actually funded on the Effective Date (in each of the foregoing cases, as adjusted from time to time pursuant to
              Section 2.11(b) and Section 2.11(f)).  To the extent not previously repaid, all unpaid Euro Term Loans shall be paid in full in euros by the Company on the Euro Term Loan Maturity Date.

            

            

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

            

            

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

            

            

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

            

            

            (e)  Any Lender may request that Loans made by it to any Borrower be evidenced by a promissory note.  In such event, the relevant Borrower shall
              prepare, execute and deliver to such Lender a promissory note payable to such Lender (or, if requested by such Lender, to such Lender and its registered assigns) and in a form attached hereto as Exhibit D-1, D-2 or D-3,
              as applicable.  Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 9.04) be represented by one or more promissory notes in such form.

            

            

            
              63

              
                

            

            
              SECTION 2.11.  Prepayment of Loans.

            

             

              

            (a)  Any Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to prior notice in
              accordance with paragraph (b) of this Section; provided that (i) each prepayment of a Eurocurrency Borrowing (other than in connection with a prepayment of all outstanding Eurocurrency Borrowings and/or a prepayment of a Eurocurrency
              Borrowing made to refinance the reimbursement of an LC Disbursement as contemplated by Section 2.06(e)) shall be in an amount that is an integral multiple of $500,000 (or, if such Borrowing is denominated in a Foreign Currency,
              500,000 units of such currency) and not less than $2,000,000 (or, if such Borrowing is denominated in a Foreign Currency, 2,000,000 units of such currency) and (ii) each prepayment of an ABR Borrowing (other than in connection with a
              prepayment of all outstanding ABR Borrowings and/or a prepayment of an ABR Borrowing made to refinance the reimbursement of an LC Disbursement as contemplated by Section 2.06(e)) shall be in an amount that is an integral multiple of
              $100,000 and not less than $1,000,000.

            

            

            (b)  The applicable Borrower, or the Company on behalf of the applicable Borrower, shall notify the Administrative Agent  by telephone (confirmed by
              telecopy or email in accordance with Section 9.01) of any prepayment hereunder (other than a prepayment of a Swingline Loan) (i) in the case of prepayment of a Eurocurrency Borrowing, not later than 1:00 p.m., Local Time, three (3)
              Business Days before the date of prepayment, (ii) in the case of prepayment of an ABR Borrowing, not later than 1:00 p.m., Chicago time, on the date of prepayment or (iii) in the case of prepayment of a Swingline Loan, not later than 1:00
              p.m., Chicago time, on the date of prepayment.  Each such notice shall be irrevocable and shall specify the prepayment date and the principal amount of each Borrowing or portion thereof to be prepaid; provided that, (A) if a notice of
              prepayment is given in connection with a conditional notice of termination of the Commitments as contemplated by Section 2.09, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section

                2.09 and (B) a notice of prepayment by any Borrower, or the Company on behalf of any Borrower, may state that such notice is conditioned upon the effectiveness of other credit facilities or other matters specified therein, in which case
              such notice may be revoked by the applicable Borrower, or the Company on behalf of the applicable Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied.  Promptly
              following receipt of any such notice relating to a Borrowing, the Administrative Agent shall advise the Lenders of the applicable Class of the contents thereof.  Each partial prepayment of any Borrowing shall be in an amount that would be
              permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02.  Each prepayment of a Revolving Borrowing shall be applied ratably to the Revolving Loans included in the prepaid Revolving Borrowing,
              each voluntary prepayment of a Term Loan Borrowing shall be applied ratably to the applicable Class of Term Loans included in the prepaid Term Loan Borrowing in such order of application as directed by the Company, and each mandatory
              prepayment of a Term Loan Borrowing shall be applied in accordance with Section 2.11(f).  Prepayments shall be accompanied by (i) accrued interest to the extent required by Section 2.13 and (ii) break funding payments required
              by Section 2.16.

            

            

            (c)  If at any time, (i) other than as a result of fluctuations in currency exchange rates, (x) the aggregate principal Dollar Amount of the Total
              Revolving Credit Exposure (calculated, with respect to those Credit Events denominated in Foreign Currencies, as of the most recent Computation Date with respect to each such Credit Event) exceeds the aggregate Revolving Commitments, (y) the
              sum of the aggregate principal Dollar Amount of all of the Revolving Credit Exposures denominated in Foreign Currencies (the “Foreign Currency Exposure”) (calculated as of the most recent Computation Date with respect to each such
              Credit Event), as of the most recent Computation Date with respect to each such Credit Event, exceeds the Foreign Currency Sublimit or (z) the sum of the aggregate principal Dollar Amount of all Loans (calculated, with respect to those Credit
              Events denominated in Foreign Currencies, as of the most recent Computation Date with respect to each such Credit Event) outstanding to the Foreign Subsidiary Borrowers exceeds the Foreign Borrower Sublimit or (ii) solely as a result of
              fluctuations in currency exchange rates, (x) the aggregate principal Dollar Amount of the Total Revolving Credit Exposure (as so calculated) exceeds 105% of the aggregate Revolving Commitments, (y) the sum of the aggregate principal Dollar
              Amount of all of the Revolving Credit Exposures denominated in Foreign Currencies (as so calculated) exceeds 105% of the Foreign Currency Sublimit or (z) the sum of the aggregate principal Dollar Amount of all of the Revolving Credit
              Exposures (as so calculated) to the Foreign Subsidiary Borrowers exceeds 105% of the Foreign Borrower Sublimit, the Borrowers shall, promptly after receipt of written notice from the Administrative Agent, repay Borrowings and, if no
              Borrowings are then outstanding, Cash Collateralize LC Exposure in an account with the Administrative Agent pursuant to Section 2.06(j) in an aggregate principal amount sufficient to eliminate any such excess.

            

            

            
              64

              
                

            

            (d)  In the event and on each occasion that any Net Proceeds are received by or on behalf of the Company or any of its Subsidiaries in respect of
              any Prepayment Event, the Company shall, within five (5) Business Days after such Net Proceeds are received, prepay the Term Loans as set forth in Section 2.11(f) below in an aggregate amount equal to 100% of such Net Proceeds; provided
              that, in the case of any event described in clause (a) or (b) of the definition of the term “Prepayment Event”, if the Company shall deliver to the Administrative Agent a certificate of an Authorized Officer to the effect that the
              Company or its relevant Subsidiaries intend to apply the Net Proceeds from such event (or a portion thereof specified in such certificate), within 365 days (or, solely in respect of Net Proceeds received by the Company or any Subsidiary
              pursuant to the Dakota Disposition, 540 days) after receipt of such Net Proceeds, to acquire, replace, rebuild, maintain, develop, construct, improve, upgrade or repair real property, equipment or other tangible assets (excluding inventory)
              to be used in the business of the Company and/or its Subsidiaries, to make Permitted Acquisitions and/or other permitted Investments (excluding cash and Cash Equivalent Investments and Investments in the Company and its Subsidiaries), to
              reimburse the cost of any of the foregoing and/or, in the case of any Net Proceeds received by a Foreign Subsidiary, to make a repayment under any local credit facility constituting Indebtedness for borrowed money to the extent required by
              such credit facility, and certifying that no Default or Event of Default has occurred and is continuing, then no prepayment shall be required pursuant to this paragraph in respect of the Net Proceeds specified in such certificate; provided further
              that to the extent of any such Net Proceeds therefrom that have not been so applied by the end of such 365-day (or, solely in respect of Net Proceeds received by the Company or any Subsidiary pursuant to the Dakota Disposition, 540 days)
              period (or within a period of 180 days thereafter if by the end of such initial 365‐day (or, solely in respect of Net Proceeds received by the Company or any Subsidiary pursuant to the Dakota Disposition, 540 days) period the Company or one
              or more Subsidiaries shall have entered into an agreement with an unaffiliated third party to acquire such assets with such Net Proceeds), at which time a prepayment shall be required in an amount equal to such Net Proceeds that have not been
              so applied; provided further that, no such prepayment shall be required as to a Prepayment Event unless the sum of the Net Proceeds received in respect of such Prepayment Event, plus the sum of Net Proceeds received in respect
              of other Prepayment Events during the same Fiscal Year, in each case excluding Net Proceeds not subject to prepayment as a result of the foregoing re-investment exception, exceeds $7,500,000.

            

            

            (e)  [Intentionally Omitted].

            

            

            (f)  All such amounts pursuant to Section 2.11(d) shall be applied to prepay the Term Loans as follows: (i) if no Event of Default has
              occurred and is continuing at such time, each such mandatory prepayment shall be applied ratably to the Dollar Term Loans and the Euro Term Loans based on the aggregate principal amount of outstanding Dollar Term Loans and Euro Term Loans at
              such time and in such order of application as directed by the Company and (ii) if an Event of Default has occurred and is continuing at such time, each such mandatory prepayment shall be applied ratably to the Dollar Term Loans and the Euro
              Term Loans based on the aggregate principal amount of outstanding Dollar Term Loans and Euro Term Loans at such time and in the inverse order of maturity.

            

            

            
              65

              
                

            

            (g)  Notwithstanding any other provisions of this Section 2.11 to the contrary, (i) to the extent that any or all of the Net Proceeds of any
              Prepayment Event by a Foreign Subsidiary giving rise to a prepayment event under Section 2.11(d) (a “Foreign Subsidiary Asset Sale Recovery Event”) are prohibited or delayed by applicable local law from being repatriated to the
              United States, an amount equal to the portion of such Net Proceeds so affected will not be required to be paid by the Company in respect of the Term Loans at the times provided in this Section 2.11 so long as the applicable local law
              will not permit repatriation to the United States (the Company hereby agreeing to cause the applicable Foreign Subsidiary to promptly take all commercially reasonable actions required by the applicable local law to permit such repatriation),
              and once such repatriation of any of such affected Net Proceeds would be permitted under the applicable local law, the Company will promptly (and in any event not later than five (5) Business Days after the date that such repatriation would
              be permitted under applicable local law) prepay the Term Loans in an amount equal to such Net Proceeds, which amount shall be applied to the repayment of the Term Loans pursuant to this Section 2.11 to the extent otherwise provided
              herein or (ii) to the extent that the Company has determined in good faith that repatriation of any of or all Net Proceeds from such Foreign Subsidiary Asset Sale Recovery Event could reasonably be expected to result in a material adverse tax
              consequence to the Company or its Subsidiaries with respect to such Net Proceeds, the Company shall have no obligation to repay an amount equal to such Net Proceeds so affected until such time that such amounts could be repatriated without
              incurring such material adverse tax consequence, and once any of such affected Net Proceeds is able to be repatriated to the United States without such material adverse tax consequence, the Company will promptly (and in any event not later
              than five (5) Business Days after such repatriation would cease to incur such material adverse tax consequence) prepay the Term Loans in an amount equal to such Net Proceeds, which amount shall be applied to the repayment of the Term Loans
              pursuant to this Section 2.11 to the extent otherwise provided herein.  Nothing in this Section 2.11 shall be construed as a covenant by any Foreign Subsidiary to distribute any amounts to any Loan Party or a covenant by the
              Company or any Loan Party to cause any Foreign Subsidiary to distribute any amounts to any Loan Party (it being understood that this Section 2.11(g) requires only that the Company repay the Term Loans in certain amounts calculated by
              reference to certain Foreign Subsidiary Asset Sale Recovery Events).

            

            

            SECTION 2.12.  Fees.    (a) The Company agrees to pay to the Administrative Agent for the account of each Revolving Lender a commitment fee,
              which shall accrue at the Applicable Rate on the average daily amount of the Available Revolving Commitment of such Lender during the period from and including the Effective Date to but excluding the date on which such Revolving Commitment
              terminates.  Accrued commitment fees shall be payable in arrears on the fifteenth (15th) day following the last day of March, June, September and December of
              each year and on the date on which the Revolving Commitments terminate, commencing on the first such date to occur after the date hereof.  All commitment fees shall be computed on the basis of a year of 360 days and shall be payable for the
              actual number of days elapsed (including the first day but excluding the last day).

            

            

            (b)  The Company agrees to pay (i) to the Administrative Agent for the account of each Revolving Lender a participation fee with respect to its participations in Letters of Credit, which
              shall accrue at the Applicable LC Fee Rate (as defined below) on the average daily Dollar Amount of such Revolving Lender’s LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) during the period from and
              including the Effective Date to but excluding the later of the date on which such Revolving Lender’s Revolving Commitment terminates and the date on which such Revolving Lender ceases to have any LC Exposure, and (ii) to each Issuing Bank for
              its own account a fronting fee, which shall accrue at the rate of 0.125% per annum on the average daily Dollar Amount of the LC Exposure (excluding any portion thereof attributable to unreimbursed LC Disbursements) attributable to Letters of
              Credit issued by the relevant Issuing Bank during the period from and including the Effective Date to but excluding the date on which there ceases to be any LC Exposure, as well as such Issuing Bank’s standard fees and commissions with
              respect to the issuance, amendment, cancellation, negotiation, transfer, presentment or extension of any Letter of Credit or processing of drawings thereunder.  Participation fees and fronting fees accrued through and including the last day
              of March, June, September and December of each year shall be payable on the fifteenth (15th) day following such last day, commencing on the first such date to
              occur after the Effective Date; provided that all such fees shall be payable on the date on which the Revolving Commitments terminate and any such fees accruing after the date on which the Revolving Commitments terminate shall be
              payable promptly after demand accompanied by an invoice in reasonable detail.  Any other fees payable to any Issuing Bank pursuant to this paragraph shall be payable within 30 days after demand.  All participation fees and fronting fees shall
              be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).  Participation fees and fronting fees in respect of Letters of Credit denominated
              in Dollars shall be paid in Dollars, and participation fees and fronting fees in respect of Letters of Credit denominated in a Foreign Currency shall be paid in Dollars in the Dollar Amount thereof.  As used above, “Applicable LC Fee Rate”
              means at any time (x) in the case of standby Letters of Credit (other than those described in the following clause (y)), the same Applicable Rate used to determine the interest rate applicable to Eurocurrency Revolving Loans at such time and
              (y) in the case of commercial Letters of Credit and standby Letters of Credit issued to ensure the performance of services and/or delivery of goods, in each case at a per annum rate equal to 50% of the Applicable Rate used to determine the
              interest rate applicable to Eurocurrency Revolving Loans at such time.

            

            

            
              66

              
                

            

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

            

            

            (d)  All fees payable hereunder shall be paid on the dates due, in immediately available funds in Dollars (except as expressly provided in this Section), to the Administrative Agent (or to
              the relevant Issuing Bank, in the case of fees payable to it) for distribution, in the case of commitment fees and participation fees, to the applicable Lenders.  Fees paid shall not be refundable under any circumstances.

            

            

            SECTION 2.13.  Interest.

            

            

            (a)  The Loans comprising each ABR Borrowing (other than any Swingline Loan) shall bear interest at the Alternate Base Rate plus the Applicable
              Rate.  Each Swingline Loan shall bear interest at a rate per annum agreed upon between the Company and the relevant Swingline Lender (or, if such a rate per annum is not agreed upon between the Company and the relevant Swingline Lender in
              respect of a Swingline Loan, such Swingline Loan shall bear interest at the Alternate Base Rate plus the Applicable Rate).  The Loans comprising each Eurocurrency Borrowing shall bear interest at the Adjusted LIBO Rate for the
              Interest Period in effect for such Borrowing plus the Applicable Rate.

            

            

            (b)  Notwithstanding the foregoing, if any principal of or interest on any Loan or any fee payable by any Borrower hereunder is not paid when due,
              whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after as well as before judgment, at a rate per annum equal to (i) in the case of overdue principal of any Loan, 2% plus the rate otherwise
              applicable to such Loan as provided in the preceding paragraphs of this Section or (ii) in the case of any interest or fee, 2% plus the rate applicable to ABR Loans as provided in paragraph (a) of this Section.

            

            

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

            

            

            
              67

              
                

            

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

            

            

            (e)  Interest in respect of Loans denominated in Dollars shall be paid in Dollars, and interest in respect of Loans denominated in a Foreign
              Currency shall be paid in such Foreign Currency.

            

            

            SECTION 2.14.  Alternate Rate of Interest.

            

            

            (a)  If at the time that the Administrative Agent shall seek to determine the LIBOR Screen Rate on the Quotation Day for any Interest Period for a
              Eurocurrency Borrowing the LIBOR Screen Rate shall not be available for such Interest Period and/or for the applicable currency with respect to such Eurocurrency Borrowing for any reason, and the Administrative Agent shall reasonably
              determine that it is not possible to determine the Interpolated Rate (which conclusion shall be conclusive and binding absent demonstrable error), then the Reference Bank Rate shall be the LIBO Rate for such Interest Period for such
              Eurocurrency Borrowing; provided that if the Reference Bank Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement;  provided, further, however,  that if less than two
              Reference Banks shall supply a rate to the Administrative Agent for purposes of determining the LIBO Rate for such Eurocurrency Borrowing, (i) if such Borrowing shall be requested in Dollars, then such Borrowing shall be made as an ABR
              Borrowing at the Alternate Base Rate (disregarding clause (c) of the definition thereof) and (ii) if such Borrowing shall be requested in any Foreign Currency, the LIBO Rate shall be equal to the rate determined by the Administrative Agent in
              its sole reasonable discretion and consented to in writing by the Company and the Required Revolving Lenders (and, solely to the extent the requested Foreign Currency is euros, the Required Euro Term Lenders) (the “Alternative Rate”);
              provided, however, that (i) until such time as the Alternative Rate shall be determined and so consented to by the Company and the Required Revolving Lenders (and, solely to the extent the requested Foreign Currency is euros,
              the Required Euro Term Lenders), Borrowings shall not be available in such Foreign Currency and (ii) if the Alternative Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.  It is hereby
              understood and agreed that, notwithstanding anything to the contrary set forth in this Section 2.14(a), if at any time the conditions set forth in Section 2.14(c)(i) or (ii) are in effect, the provisions of this Section
                2.14(a) shall no longer be applicable for any purpose of determining any alternative rate of interest under this Agreement and Section 2.14(c) shall instead be applicable for all purposes of determining any alternative rate of
              interest under this Agreement.

            

            

            (b)  If prior to the commencement of any Interest Period for a Eurocurrency Borrowing:

            

            

            (i)    the Administrative Agent determines (which determination shall be conclusive and binding absent demonstrable error) that
              adequate and reasonable means do not exist for ascertaining the Adjusted LIBO Rate or the LIBO Rate, as applicable (including, without limitation, because the LIBOR Screen Rate is not available or published on a current basis), for a Loan in
              the applicable currency or for the applicable Interest Period; or

            

            

            
              68

              
                

            

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

            

            

            then the Administrative Agent shall give notice (in reasonable detail) thereof to the applicable Borrower and the Lenders of the applicable Class prior to the commencement of such Interest Period by telephone,
              telecopy or e-mail in accordance with Section 9.01 as promptly as practicable thereafter and, until the Administrative Agent notifies the applicable Borrower and the Lenders of the applicable Class that the circumstances giving rise
              to such notice no longer exist (which notice the Administrative Agent hereby agrees to provide promptly after its determination of such circumstances ceasing to exist), (i) any Interest Election Request that requests the conversion of any
              Borrowing to, or continuation of any Borrowing as, a Eurocurrency Borrowing in the applicable currency or for the applicable Interest Period, as the case may be, shall be ineffective, (ii) if any Borrowing Request requests a Eurocurrency
              Borrowing in Dollars, such Borrowing shall be made as an ABR Borrowing, and (iii) if any Borrowing Request requests a Eurocurrency Borrowing in a Foreign Currency, then the LIBO Rate for such Eurocurrency Borrowing shall be the Alternative
              Rate; provided that if the circumstances giving rise to such notice affect only one Type of Borrowings, then the other Type of Borrowings shall be permitted.

            

            

            (c)  Notwithstanding the foregoing, if at any time the Administrative Agent determines (which determination shall be conclusive absent demonstrable
              error) that (i) the circumstances set forth in Section 2.14(b)(i) have arisen and such circumstances are unlikely to be temporary or (ii) the circumstances set forth in Section 2.14(b)(i) have not arisen but (w) the supervisor
              for the administrator of the LIBOR Screen Rate has made a public statement that the administrator of the LIBOR Screen Rate is insolvent (and there is no successor administrator that will continue publication of the LIBOR Screen Rate), (x) the
              administrator of the LIBOR Screen Rate has made a public statement identifying a specific date after which the LIBOR Screen Rate will permanently or indefinitely cease to be published by it (and there is no successor administrator that will
              continue publication of the LIBOR Screen Rate), (y) the supervisor for the administrator of the LIBOR Screen Rate has made a public statement identifying a specific date after which the LIBOR Screen Rate will permanently or indefinitely cease
              to be published or (z) the supervisor for the administrator of the LIBOR Screen Rate or a Governmental Authority having jurisdiction over the Administrative Agent has made a public statement identifying a specific date after which the LIBOR
              Screen Rate may no longer be used for determining interest rates for loans, then the Administrative Agent and the Company shall endeavor to establish an alternate rate of interest to the LIBO Rate that gives due consideration to the then
              prevailing market convention for determining a rate of interest for syndicated loans in the United States at such time, and shall enter into an amendment to this Agreement to reflect such alternate rate of interest and such other related
              changes to this Agreement as may be applicable; provided that, if such alternate rate of interest as so determined would be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement.  Notwithstanding
              anything to the contrary in Section 9.02, such amendment shall become effective without any further action or consent of any other party to this Agreement so long as the Administrative Agent shall not have received, within five (5) Business
              Days of the date notice of such alternate rate of interest is provided to the Lenders, a written notice from the Required Lenders stating that such Required Lenders object to such amendment.  Notwithstanding anything to the contrary in this
              Agreement, until an alternate rate of interest shall be determined in accordance with this Section 2.14(c) (but, in the case of the circumstances described in clause (ii)(w), clause (ii)(x) or clause (ii)(y) of the first sentence of
              this Section 2.14(c), only to the extent the LIBOR Screen Rate for the applicable currency and such Interest Period is not available or published at such time on a current basis), (x) any Interest Election Request that requests the conversion
              of any Borrowing to, or continuation of any Borrowing as, a Eurocurrency Borrowing in the applicable currency or for the applicable Interest Period, as the case may be, shall be ineffective, (y) if any Borrowing Request requests a
              Eurocurrency Borrowing in Dollars, such Borrowing shall be made as an ABR Borrowing and (z) if any Borrowing Request requests a Eurocurrency Borrowing in a Foreign Currency, then such request shall be ineffective.

            

            

            
              69

              
                

            

            SECTION 2.15.  Increased Costs.  (a)   If any Change in Law shall:

            

            

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

            

            

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

            

            

            (iii)  subject the Administrative Agent, any Lender or any Issuing Bank to any Taxes (other than (A) Indemnified Taxes, (B) Taxes
              described in clauses (b) through (d) of the definition of “Excluded Taxes” and (C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations of the type that such Lender has hereunder, or its
              deposits, reserves, other liabilities or capital attributable thereto

            

            

            and the result of any of the foregoing shall be to increase the cost to the Administrative Agent or such Lender of making, continuing, converting or maintaining any Loan or of maintaining its obligation to make
              any such Loan or to increase the cost to the Administrative Agent, such Lender or Issuing Bank of participating in, issuing or maintaining any Letter of Credit or to reduce the amount of any sum received or receivable by the Administrative
              Agent, such Lender or Issuing Bank hereunder, whether of principal, interest or otherwise, then the applicable Borrower will pay to the Administrative Agent, such Lender or Issuing Bank, as the case may be, such additional amount or amounts
              as will compensate the Administrative Agent, such Lender or Issuing Bank, as the case may be, for such additional costs incurred or reduction suffered as reasonably determined by such Lender or such Issuing Bank (which determination shall be
              made in good faith (and not on an arbitrary or capricious basis) and consistent with similarly situated customers of the applicable Lender or the applicable Issuing Bank under agreements having provisions similar to this Section 2.15
              after consideration of such factors as such Lender or such Issuing Bank then reasonably determines to be relevant).

            

            

            (b)  If any Lender or Issuing Bank reasonably determines that any Change in Law regarding capital or liquidity requirements has or would have the
              effect of reducing the rate of return on such Lender’s or Issuing Bank’s capital or on the capital of such Lender’s or Issuing Bank’s holding company, if any, as a consequence of this Agreement or the Loans made by, or participations in
              Letters of Credit held by, such Lender, or the Letters of Credit issued by such Issuing Bank, to a level below that which such Lender or Issuing Bank or such Lender’s or Issuing Bank’s holding company could have achieved but for such Change
              in Law (taking into consideration such Lender’s or Issuing Bank’s policies and the policies of such Lender’s or Issuing Bank’s holding company with respect to capital adequacy and liquidity), then from time to time the applicable Borrower
              will pay to such Lender or Issuing Bank, as the case may be, such additional amount or amounts as will compensate such Lender or Issuing Bank or such Lender’s or Issuing Bank’s holding company for any such reduction suffered as reasonably
              determined by such Lender or such Issuing Bank (which determination shall be made in good faith (and not on an arbitrary or capricious basis) and consistent with similarly situated customers of the applicable Lender or the applicable Issuing
              Bank under agreements having provisions similar to this Section 2.15 after consideration of such factors as such Lender or such Issuing Bank then reasonably determines to be relevant).

            

            

            
              70

              
                

            

            (c)  A certificate of a Lender or an Issuing Bank setting forth in reasonable detail the computation of the amount or amounts necessary to
              compensate such Lender or Issuing Bank or its holding company, as the case may be, as specified in paragraph (a) or (b) of this Section shall be delivered to the Company contemporaneously with any demand for payment hereunder and shall be
              conclusive absent clearly demonstrable error.  The Company shall pay, or cause the other Borrowers to pay, such Lender or Issuing Bank, as the case may be, the amount shown as due on any such certificate within 30 days after receipt thereof.

            

            

            (d)  Failure or delay on the part of any Lender or Issuing Bank to demand compensation pursuant to this Section shall not constitute a waiver of
              such Lender’s or Issuing Bank’s right to demand such compensation; provided that the Company shall not be required to compensate a Lender or an Issuing Bank pursuant to this Section for any increased costs or reductions if such Lender
              or such Issuing Bank fails to notify the Company within 90 days after it obtains actual knowledge (or, in the exercise of ordinary due diligence, should have obtained actual knowledge) and such Lender and such Issuing Bank shall only be
              entitled to receive such compensation for any losses incurred by it or amounts to which it would otherwise be entitled from and after the date 90 days prior to the date such Lender or such Issuing Bank provided notice thereof to the Company
              of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or Issuing Bank’s claim for compensation therefor; provided further that, if the Change in Law giving rise to such increased costs or
              reductions is retroactive, then the 90-day period referred to above shall be extended to include the period of retroactive effect thereof.

            

            

            SECTION 2.16.  Break Funding Payments.  In the event of (a) the payment of any principal of any Eurocurrency Loan other than on the last day
              of an Interest Period applicable thereto (including as a result of an Event of Default or as a result of any prepayment pursuant to Section 2.11), (b) the conversion of any Eurocurrency Loan other than on the last day of the Interest
              Period applicable thereto, (c) the failure to borrow, convert, continue or prepay any Eurocurrency Loan on the date specified in any notice delivered pursuant hereto (regardless of whether such notice may be revoked under Section 2.11(b)
              and is revoked in accordance therewith) or (d) the assignment of any Eurocurrency Loan other than on the last day of the Interest Period applicable thereto as a result of a request by the Company pursuant to Section 2.19 or 9.02(c),
              then, in any such event, the applicable Borrower shall compensate each Lender for the loss, cost and expense attributable to such event.  Such loss, cost or expense to any Lender shall be deemed to include an amount determined by such Lender
              to be the excess, if any, of (i) the amount of interest which would have accrued on the principal amount of such Loan had such event not occurred, at the Adjusted LIBO Rate that would have been applicable to such Loan, for the period from the
              date of such event to the last day of the then current Interest Period therefor (or, in the case of a failure to borrow, convert or continue, for the period that would have been the Interest Period for such Loan), over (ii) the amount of
              interest which would accrue on such principal amount for such period at the interest rate which such Lender would bid were it to bid, at the commencement of such period, for deposits in the relevant currency of a comparable amount and period
              from other banks in the eurocurrency market.  A certificate of any Lender setting forth the computation in reasonable detail of any amount or amounts that such Lender is entitled to receive pursuant to this Section shall be delivered to the
              applicable Borrower contemporaneously with the demand for payment and shall be conclusive absent manifest error.  The applicable Borrower shall pay such Lender the amount shown as due on any such certificate within 30 days after receipt
              thereof.

            

            

            
              71

              
                

            

            
              SECTION 2.17.  Taxes.

               

              

            

            (a)  Any and all payments by or on account of any obligation of any Loan Party under any Loan Document shall be made free and clear of and without
              deduction for any Taxes; provided that if any Loan Party or other applicable withholding agent shall be required to deduct or withhold any Taxes from such payments, then, subject to Section 2.17(j) and without duplication, (i)
              such Person shall make such deductions or withholdings as are reasonably determined by such Person to be required, (ii) such Person shall timely pay the full amount deducted or withheld to the relevant Governmental Authority within the time
              allowed and in accordance with applicable law and (iii) to the extent withholding or deduction is required to be made on account of any Indemnified Taxes or Other Taxes, then the sum payable by the applicable Loan Party shall be increased as
              necessary so that after making all required deductions or withholding (including deductions or withholding applicable to additional sums payable under this Section) the Administrative Agent, Lender, Issuing Bank, or any other recipient of
              such payments (as the case may be) receives an amount equal to the sum it would have received had no such deductions or withholding been made.

            

            

            (b)  In addition, each Borrower shall pay any Other Taxes related to such Borrower to the relevant Governmental Authority in accordance with
              applicable law.

            

            

            (c)  The Loan Parties shall indemnify the Administrative Agent, each Lender and each Issuing Bank, within 30 days after written demand therefor, for
              the full amount of any Indemnified Taxes or Other Taxes paid by the Administrative Agent, such Lender or such Issuing Bank, as the case may be, on or with respect to any payment by or on account of any obligation of such Borrower under any
              Loan Document (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) and any interest and reasonable expenses arising therefrom or with respect thereto, whether or not such
              Indemnified Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority.  A certificate as to the amount of such payment or liability together with any available supporting document shall be
              delivered to the Company by a Lender or an Issuing Bank, or by the Administrative Agent on its own behalf or on behalf of a Lender or an Issuing Bank contemporaneously with any demand for payment, and shall be conclusive absent manifest
              error.  This Section 2.17(c) shall not apply to the extent such Taxes would have been compensated for by an increased payment under Section 2.17(j)(i) but were not so compensated solely because one of the exclusions set forth
              in Section 2.17(j)(iii) applied.

            

            

            (d)  As soon as practicable after any payment of Indemnified Taxes or Other Taxes by any Loan Party to a Governmental Authority, such Loan Party
              shall deliver to the Administrative Agent the original or a copy of a receipt issued, if available, by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment
              reasonably satisfactory to the Administrative Agent.

            

            

            (e)  (i) Any Foreign Lender that is entitled to an exemption from or reduction of withholding tax under the law of the jurisdiction in which a
              Borrower is located, or any treaty to which such jurisdiction is a party, with respect to payments under this Agreement shall deliver, at the time or times reasonably requested by the Company or the Administrative Agent, to such Borrower
              (with a copy to the Administrative Agent), such properly completed and executed documentation reasonably requested by such Borrower as will permit such payments to be made without withholding or at a reduced rate.  In addition, any Lender, if
              reasonably requested by any Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by such Borrower or the Administrative Agent as will enable such Borrower or the
              Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements.  Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and
              submission of such documentation (other than such documentation set forth in Section 2.17(e)(ii)(A) and (ii)(B) and Section 2.17(h) below) shall not be required if in the Lender’s reasonable judgment such completion,
              execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender.  For the avoidance of doubt, this Section 2.17(e)(i) shall
              not apply to UK Treaty Lenders (to which the provisions of Section 2.17(m)(vi) shall apply).

            

            

            
              72

              
                

            

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

            

            

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

            

            

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

            

            

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

            

            

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

            

            

            (3) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate substantially in the
              form of Exhibit H-1 to the effect that such Foreign Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of such Borrower within the meaning of Section 881(c)(3)(B) of the Code, or
              a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed copies of IRS Form W-8BEN or IRS Form W-8BEN-E; or

            

            

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

            

            

            
              73

              
                

            

            (5) for purposes of furnishing the U.S. Tax Compliance Certificate as described in the foregoing clauses (3) and (4), if a Foreign Lender (or a foreign Participant) is a
              Disregarded Entity, the Foreign Lender will submit such certificate based on the status of the Person that is treated for U.S. federal income tax purposes as being the sole owner of such Lender or Participant; and

            

            

            (C) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to such Borrower and the Administrative Agent (in such number of copies as shall be requested by the
              recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of such Borrower or the Administrative Agent), executed copies of any other
              form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable law to permit such
              Borrower or the Administrative Agent to determine the withholding or deduction required to be made.

            

            

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

            

            

            (g)  Each Lender shall severally indemnify (i) the Administrative Agent, within 30 days after demand therefor, for (A) any Indemnified Taxes or
              Other Taxes attributable to such Lender (but only to the extent that any Loan Party has not already indemnified the Administrative Agent for such Indemnified Taxes or Other Taxes and without limiting the obligation of the Loan Parties to do
              so) and (B) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 9.04(c) relating to the maintenance of a Participant Register and (ii) the Administrative Agent within 30 days after demand therefor,
              for any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not
              such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority.  A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent
              manifest error.  Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable by the Administrative Agent to the Lender from any
              other source against any amount due to the Administrative Agent under this Section 2.17(g).

            

            

            
              74

              
                

            

            (h)  If a payment made to a Lender under any Loan Document would be subject to withholding Tax imposed by FATCA if such Lender were to fail to
              comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Company and the Administrative Agent at the time or times
              prescribed by law and at such time or times reasonably requested by the Company or the Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional
              documentation reasonably requested by the Company or the Administrative Agent as may be necessary for the Company and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has complied with
              such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment.  Solely for purposes of this Section 2.17(h), “FATCA” shall include any amendments made to FATCA after the date of this
              Agreement.

            

            

            (i)   For purposes of determining withholding Taxes imposed under FATCA, the Loan Parties and the Administrative Agent shall treat (and the Lenders
              hereby authorize the Administrative Agent to treat) this Agreement and the Loans as not qualifying as “grandfathered obligations” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).

            

            

            (j)   United Kingdom Withholding Matters.

            

            

             (i)  If a UK Tax Deduction is required by law to be made by any Loan Party, the amount of the payment due from that Loan Party
              shall be increased to an amount which (after making any UK Tax Deduction) leaves an amount equal to the payment which would have been due if no UK Tax Deduction had been required.

            

            

             (ii)  The Company shall promptly upon becoming aware that a Loan Party must make a UK Tax Deduction (or that there is any change
              in the rate or the basis of a UK Tax Deduction) notify the Administrative Agent accordingly.  Similarly, a Lender or Issuing Bank shall promptly notify the Administrative Agent on becoming so aware in respect of a payment payable to that
              Lender or Issuing Bank.  If the Administrative Agent receives such notification from a Lender or Issuing Bank it shall promptly notify the Company. For the avoidance of doubt, any failure by a Lender or Issuing Bank to comply with this Section

                2.17(j)(ii) shall not limit or otherwise affect any of such Lender’s or Issuing Bank’s rights under any Loan Document or any obligation of a Loan Party under any Loan Document.

            

            

             (iii)  In the case of a Lender advancing a Loan to a UK Borrower, a payment by a UK Borrower shall not be increased pursuant to
              Section 2.17(a) or Section 2.17(j)(i) by reason of a UK Tax Deduction on interest if on the date on which the payment falls due (A) the payment could have been made to the relevant Lender without a UK Tax Deduction if the
              Lender had been a UK Qualifying Lender, but on that date that Lender is not or has ceased to be a UK Qualifying Lender other than as a result of any change after the date it became a Lender under this Agreement in (or in the interpretation,
              administration, or application of) any law or UK Treaty, or any published practice or published concession of any relevant taxing authority or (B) the relevant Lender is a UK Treaty Lender and the UK Borrower making the payment is able to
              demonstrate that the payment could have been made to the Lender without the UK Tax Deduction had that Lender complied with its obligations under Section 2.17(j)(vi) or Section 2.17(j)(vii), as applicable, or (C) the relevant
              Lender is a UK Qualifying Lender solely by virtue of clause (a)(ii) of the definition of “UK Qualifying Lender” and (x) an officer of H.M. Revenue & Customs has given (and not revoked) a direction (a “Direction”) under section 931
              of the UK ITA 2007 which relates to the payment and that Lender has received from the Borrower making the payment a certified copy of that Direction and (y) the payment could have been made to the Lender without any UK Tax Deduction if that
              Direction had not been made, or (D) the relevant Lender is a UK Qualifying Lender solely by virtue of clause (a)(ii) of the definition of “UK Qualifying Lender” and (x) the relevant Lender has not given a UK Tax Confirmation to the relevant
              UK Borrower or the Company and (y) the payment could have been made to the relevant Lender without any UK Tax Deduction if the Lender had given a UK Tax Confirmation to the relevant UK Borrower or the Company, on the basis that the UK Tax
              Confirmation would have enabled the UK Borrower to have formed a reasonable belief that the payment was an “excepted payment” for the purpose of section 930 of the UK ITA 2007.

            

            

            
              75

              
                

            

             (iv)  Within thirty days of making either a UK Tax Deduction or any payment required in connection with that UK Tax Deduction
              the Loan Party making that UK Tax Deduction shall deliver to the Administrative Agent for the Recipient entitled to the payment a statement under section 975 of the UK ITA 2007 or other evidence reasonably satisfactory to such Recipient that
              the UK Tax Deduction has been made or (as applicable) any appropriate payment paid to HM Revenue & Customs.

            

            

             (v)  If a Loan Party is required to make a UK Tax Deduction, that Loan Party shall make that UK Tax Deduction and any payment
              required in connection with that UK Tax Deduction within the time allowed and the minimum amount required by law.

            

            

             (vi)  In the case of a Lender advancing a Loan to a UK Borrower:

            

            

            (A)       Subject to (B) below, each UK Treaty Lender and each Loan Party which makes a payment to which that UK Treaty Lender is entitled shall cooperate in completing
              any procedural formalities necessary for such Loan Party to obtain authorization to make such payment without a UK Tax Deduction.

            

            

            (B)

            

            

            (1)         A UK Treaty Lender which becomes a party to this Agreement (a “Party”) on the day on which this Agreement (or any amendment hereto) is entered into that
              (x) holds a passport under the HM Revenue & Customs DT Treaty Passport scheme and (y) wishes such scheme to apply to this Agreement, shall confirm its scheme reference number and its jurisdiction of tax residence to each UK Borrower and
              the Administrative Agent on its signature page to this Agreement (or any amendment hereto) or otherwise in writing to the Company; and

            

            

            (2)         a Lender which becomes a Lender hereunder after the day on which this Agreement (or any amendment hereto) is entered into that (x) holds a passport under the
              HM Revenue & Customs DT Treaty Passport scheme and (y) wishes such scheme to apply to this Agreement, shall provide its scheme reference number and its jurisdiction of tax residence in the Assignment and Assumption, Increasing Lender
              Supplement or Augmenting Lender Supplement, as the case may be, or otherwise in writing to the Company;

            

            

            and having done so, that Lender shall not be under any obligation pursuant to paragraph (A) above.

            

            

            
              76

              
                

            

            (C)        Upon satisfying either paragraph (A), (B)(1) or (B)(2) above, such Lender shall have satisfied its obligations under Section 2.17(e)(i) (in respect of a
              UK Tax Deduction).

            

            

            (vii)  If a UK Treaty Lender has confirmed its scheme reference number and its jurisdiction of tax residence in accordance with Section

                2.17(j)(vi)(B) above, the UK Borrower(s) making payments to that UK Treaty Lender shall make a UK Borrower DTTP filing with respect to such Lender, and shall promptly provide such Lender with a copy of such filing; provided
              that, if a UK Borrower making a payment to that UK Treaty Lender has made a UK Borrower DTTP Filing in respect of that UK Treaty Lender but:

            

            

            (A)        such UK Borrower DTTP Filing has been rejected by HM Revenue & Customs; or

            

            

            (B)        HM Revenue & Customs has not given such UK Borrower authority to make payments to such Lender without a UK Tax Deduction within 60 days of the date of such
              UK Borrower DTTP Filing;

            

            

            and in each case, such UK Borrower has notified that UK Treaty Lender in writing of either (A) or (B) above, then such UK Treaty Lender and such
              UK Borrower shall co-operate in completing any additional procedural formalities necessary for such UK Borrower to obtain authorization to make that payment without a UK Tax Deduction.

            

            

             (viii)  If a Lender has not confirmed its scheme reference number and jurisdiction of tax residence in accordance with Section

                2.17(j)(vi)(B) above, no Loan Party shall make a UK Borrower DTTP Filing or file any other form relating to the HM Revenue & Customs DT Treaty Passport scheme in respect of that Lender’s Commitment(s) or its participation in any
              Loan unless the Lender otherwise agrees.

            

            

             (ix)  Each Lender which becomes a Party after the date of this Agreement (a “New Lender”) shall indicate in the relevant
              Assignment and Assumption, Increasing Lender Supplement or Augmenting Lender Supplement (as applicable) which it executes on becoming a Party, and for the benefit of the Administrative Agent and without liability to any Loan Party, which of
              the following categories it falls in: (i) not a UK Qualifying Lender; (ii) a UK Qualifying Lender (other than a UK Treaty Lender); or (iii) a UK Treaty Lender, and if the New Lender fails to indicate its status in accordance with this Section

                2.17(j)(ix) then such New Lender shall be treated for the purposes of this Agreement (including by each Loan Party) as if it is not a UK Qualifying Lender  until such time as it notifies the Administrative Agent which category applies
              (and the Administrative Agent, upon receipt of such notification, shall inform the relevant UK Borrower).  For the avoidance of doubt, an Assignment and Assumption, Increasing Lender Supplement or Augmenting Lender Supplement shall not be
              invalidated by any failure of a Lender to comply with this Section 2.17(j)(ix).

            

            

             (x)  Each UK Borrower shall pay and, within three (3) Business Days of demand, indemnify each Recipient against any cost, loss
              or liability that Recipient incurs in relation to all United Kingdom stamp duty, registration and other similar Taxes payable in respect of any Loan Document.

            

            

            
              77

              
                

            

            
              (k)  VAT.

               

              

            

             (i)  All amounts set out or expressed in a Loan Document to be payable by any Party to any Recipient which (in whole or in part)
              constitute the consideration for any supply or supplies for VAT purposes shall be deemed to be exclusive of any VAT which is chargeable on such supply or supplies, and accordingly, subject to Section 2.17(k)(ii) below, if VAT is or
              becomes chargeable on any supply made by any Recipient to any Party under a Loan Document and such Recipient is required to account to the relevant tax authority for the VAT, that Party shall pay to such Recipient, as applicable, (in addition
              to and at the same time as paying any other consideration for such supply) an amount equal to the amount of such VAT (and such Recipient, as applicable, shall promptly provide an appropriate VAT invoice to such Party).

            

            

             (ii)  If VAT is or becomes chargeable on any supply made by any Recipient (the “Supplier”) to any other Recipient (the “VAT

                Recipient”) under a Loan Document, and any Party other than the VAT Recipient (the “Subject Party”) is required by the terms of any Loan Document to pay an amount equal to the consideration for such supply to the Supplier (rather
              than being required to reimburse the VAT Recipient in respect of that consideration):

            

            

            (A)       where the Supplier is the person required to account to the relevant tax authority for the VAT, the Subject Party shall also pay to the Supplier (in addition to
              and at the same time as paying such amount) an amount equal to the amount of such VAT.  The VAT Recipient will, where this Section 2.17(k)(ii)(A) applies, promptly pay to the Subject Party an amount equal to any credit or repayment
              obtained by the VAT Recipient from the relevant tax authority which the VAT Recipient reasonably determines relates to the VAT chargeable on that supply; and

            

            

            (B)        where the VAT Recipient is the person required to account to the relevant tax authority for the VAT, the Subject Party shall promptly, following demand from the
              VAT Recipient, pay to the VAT Recipient an amount equal to the VAT chargeable on that supply but only to the extent that the VAT Recipient reasonably determines that it is not entitled to credit or repayment from the relevant tax authority in
              respect of that VAT.

            

            

             (iii)  Where a Loan Document requires any Party to reimburse or indemnify a Recipient for any cost or expense, that Party shall
              reimburse or indemnify (as the case may be) such Recipient for the full amount of such cost or expense, including such part thereof as represents VAT, save to the extent that the Recipient reasonably determines that it is entitled to credit
              or repayment in respect of such VAT from the relevant tax authority.

            

            

             (iv)  Any reference in this Section 2.17(k) to any Party shall, at any time when such Party is treated as a member of a
              group or unity (or fiscal unity) for VAT purposes, include (where appropriate and unless the context otherwise requires) a reference to the person who is treated at that time as making the supply, or (as appropriate) receiving the supply,
              under the grouping rules (provided for in Article 11 of Council Directive 2006/112/EC (or as implemented by the relevant member state of the European Union) or any other similar provision in any jurisdiction which is not a member state of the
              European Union) so that a reference to a Party shall be construed as a reference to that Party or the relevant group or unity (or fiscal unity) of which that Party is a member for VAT purposes at the relevant time or the relevant
              representative member (or head) of that group or unity (or fiscal unity) at the relevant time (as the case may be).

            

            

            
              78

              
                

            

            (v)  In relation to any supply made by a Recipient to any Party under a Loan Document, if reasonably requested by such Recipient,
              that Party must promptly provide details of its VAT registration and such other information as is reasonably requested in connection with such Recipient’s VAT reporting requirements in relation to such supply.

            

            

            (l)  Each party’s obligations under this Section 2.17 shall survive the resignation or replacement of the Administrative Agent or any
              assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all obligations under any Loan Document.

            

            

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

            

            

            SECTION 2.18.  Payments Generally; Pro Rata Treatment; Sharing of Set-offs.

            

            

            (a)  Each Borrower shall make each payment or prepayment required to be made by it hereunder (whether of principal, interest, fees or reimbursement
              of LC Disbursements, or of amounts payable under Section 2.15, 2.16 or 2.17, or otherwise) prior to (i) in the case of payments denominated in Dollars, 1:00 p.m., Chicago time and (ii) in the case of payments
              denominated in a Foreign Currency, 1:00 p.m., Local Time, in the city of the Administrative Agent’s Eurocurrency Payment Office for such currency in each case on the date when due or the date fixed for any prepayment hereunder, in immediately
              available funds, without set-off, recoupment or counterclaim.  Any amounts received after such time on any date may, in the discretion of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for
              purposes of calculating interest thereon.  All such payments shall be made (i) in the same currency in which the applicable Credit Event was made (or where such currency has been converted to euro, in euro) and (ii) to the Administrative
              Agent at its offices at 500 Stanton Christiana Rd, Newark, Delaware 19713 or, in the case of a Credit Event denominated in a Foreign Currency, the Administrative Agent’s Eurocurrency Payment Office for such currency except payments to be made
              directly to an Issuing Bank or a Swingline Lender as expressly provided herein and except that payments pursuant to Sections 2.15, 2.16, 2.17 and 9.03 shall be made directly to the Persons entitled thereto. 
              The Administrative Agent shall distribute any such payments denominated in the same currency received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof.  If any payment hereunder shall
              be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding Business Day, and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension. 
              Notwithstanding the foregoing provisions of this Section, if, after the making of any Credit Event in any Foreign Currency, currency control or exchange regulations are imposed in the country which issues such currency with the result that
              the type of currency in which the Credit Event was made (the “Original Currency”) no longer exists or any Borrower is not able to make payment to the Administrative Agent for the account of the Lenders in such Original Currency, then
              all payments to be made by such Borrower hereunder in such currency shall instead be made when due in Dollars in an amount equal to the Dollar Amount (as of the date of repayment) of such payment due, it being the intention of the parties
              hereto that the Borrowers take all risks of the imposition of any such currency control or exchange regulations.

            

            

            
              79

              
                

            

            (b)  Any proceeds of Collateral received by the Agents (i) not constituting (A) a specific payment of principal, interest, fees or other sum payable
              under the Loan Documents (which shall be applied as specified by the Company) or (B) a mandatory prepayment (which shall be applied in accordance with Section 2.11) or (ii) after an Event of Default has occurred and is continuing and
              the Administrative Agent so elects or the Required Lenders so direct, shall be applied, subject to the terms of the Intercreditor Agreement, ratably first, to pay any fees, indemnities, or expense reimbursements then due to the Agents
              and the Issuing Banks from any Borrower, second, to pay any fees or expense reimbursements then due to the Lenders from any Borrower, third, to pay interest then due and payable on the Loans and Foreign Financing Obligations
              ratably, fourth, to prepay principal on the Loans and unreimbursed LC Disbursements and any other amounts owing with respect to Banking Services Obligations, Rate Management Obligations and Foreign Financing Obligations ratably, fifth,
              to pay an amount to the Collateral Agent equal to one hundred five percent (105%) (or one hundred percent (100%) in the case of Letters of Credit denominated in Dollars) of the aggregate undrawn face amount of all outstanding Letters of
              Credit and the aggregate amount of any unpaid LC Disbursements, to be held as Cash Collateral for such Obligations (subject to return to the Company as contemplated by Section 2.06(j)) and sixth, to the payment of any other
              Secured Obligation due to the Agents or any Lender by any Borrower.  Notwithstanding the foregoing, amounts received from any Loan Party shall not be applied to any Excluded Swap Obligation of such Loan Party.  Notwithstanding anything to the
              contrary contained in this Agreement, unless so directed by the Company, or unless an Event of Default is in existence, none of the Administrative Agent or any Lender shall apply any payment which it receives to any Eurocurrency Loan of a
              Class, except (a) on the expiration date of the Interest Period applicable to any such Eurocurrency Loan or (b) in the event, and only to the extent, that there are no outstanding ABR Loans of the same Class and, in any event, the Borrowers
              shall pay the break funding payment required in accordance with Section 2.16.  During an Event of Default, the Administrative Agent and the Lenders shall have the continuing and exclusive right to apply and reverse and reapply any and
              all such proceeds and payments to any portion of the Secured Obligations.

            

            

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

            

            

            (d)  Unless the Administrative Agent shall have received notice from the relevant Borrower prior to the date on which any payment is due to the
              Administrative Agent for the account of the Lenders or an Issuing Bank hereunder that such Borrower will not make such payment or prepayment, the Administrative Agent may assume that such Borrower has made such payment on such date in
              accordance herewith and may, in reliance upon such assumption, distribute to the applicable Lenders or such Issuing Bank, as the case may be, the amount due.  In such event, if such Borrower has not in fact made such payment, then each of the
              applicable Lenders or such Issuing Bank, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or Issuing Bank with interest thereon, for each day from and
              including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the NYFRB Rate and a rate determined by the Administrative Agent in accordance with banking industry rules
              on interbank compensation (including without limitation the Overnight Foreign Currency Rate in the case of Loans denominated in a Foreign Currency).

            

            

            
              80

              
                

            

            (e)  If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.05(c), 2.06(d) or (e), 2.07(b),
              2.18(d) or 9.03(c), then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), (i) apply any amounts thereafter received by the Administrative Agent for the account of such Lender and
              for the benefit of the Administrative Agent, the Swingline Lenders or the Issuing Banks to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are fully paid and/or (ii) hold any such amounts in a
              segregated account over which the Administrative Agent shall have exclusive control as cash collateral for, and application to, any future funding obligations of such Lender under any such Section; in the case of each of clauses (i) and (ii)
              above, in any order as determined by the Administrative Agent in its discretion; it being understood that the Administrative Agent shall, to the extent permitted by law, apply any cash collateral to such obligations when due.

            

            

            SECTION 2.19.  Mitigation Obligations; Replacement of Lenders.  (a)   If any Lender requests compensation under Section 2.15, or if
              any Borrower is required to pay any Indemnified Taxes or additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.17 (other than amounts in respect of Other Taxes or VAT), then
              such Lender shall use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the
              judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.15 or 2.17, as the case may be, in the future and (ii) would not subject such Lender to any
              unreimbursed cost or expense and would not otherwise be materially disadvantageous to such Lender.  The Company hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or
              assignment.

            

            

            (b)  If (i) any Lender (or any of its Participants) requests compensation under Section 2.15, (ii) any Borrower is required to pay any
              Indemnified Taxes or additional amount to any Lender (or any of its Participants) or any Governmental Authority for the account of any Lender (or any of its Participants) pursuant to Section 2.17 (other than amounts in respect of
              Other Taxes or VAT), (iii) any Lender (A) or any Lender Parent has become the subject of a Bail-In Action (or any case or other proceeding in which a Bail-In Action may occur), (B) is an EEA Financial Institution that is rated lower than BBB-
              by S&P (or an applicable Affiliate thereof) and lower than Baa3 by Moody’s (or an applicable Affiliate thereof), (C) is or becomes a Defaulting Lender or a Disqualified Institution, (D) is not a Dutch Non-Public Lender, (E) rejects the
              designation of an Agreed Currency or of a Foreign Subsidiary as an Eligible Subsidiary if, in each case, such Agreed Currency or designation of a Foreign Subsidiary as an Eligible Subsidiary has otherwise been approved by the Required
              Revolving Lenders or (F) provides written notice to the Company and the Administrative Agent under Section 4.03(c) that it is prohibited by law (including by virtue of not holding any necessary license) from lending to, establishing
              credit for the account of and/or doing business with a Subsidiary Borrower organized under the laws of Germany, (iv) any Lender shall determine that any law, regulation or treaty or directive, or any change therein or in the interpretation or
              application thereof, shall make it unlawful for such Lender to make or maintain any Eurocurrency Loans as contemplated by this Agreement, (v) any Lender shall enter into, or purport to enter into, any assignment or participation with a
              Disqualified Institution in violation of this Agreement or (vi) the Lender that is the Impacted Lender fails to provide the written confirmation to the Collateral Agent of the completion of flood insurance due diligence and flood insurance
              compliance (as contemplated by Section 2.27 and/or Section 5.11(c)) within fourteen (14) days after the date on which the Collateral Agent delivers the applicable documents contemplated by such Section(s), then the Company may, at its
              sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in Section 9.04), all its
              interests, rights (other than its existing rights to payments pursuant to Sections 2.15 or 2.17) and obligations under the Loan Documents to an assignee that shall assume such obligations (which assignee may be another Lender,
              if a Lender accepts such assignment); provided that (i) such Lender is reasonably acceptable to the Administrative Agent (and if a Revolving Commitment is being assigned, the Issuing Banks and the Swingline Lenders) and (ii) such
              Lender shall have received payment of an amount equal to the outstanding principal of its Loans and participations in LC Disbursements and Swingline Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder,
              from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Company (in the case of all other amounts).  Each party hereto agrees that (1) an assignment required pursuant to this paragraph may be
              effected pursuant to an Assignment and Assumption executed by the Company, the Administrative Agent and the assignee (or, to the extent applicable, an agreement incorporating an Assignment and Assumption by reference pursuant to an Approved
              Electronic Platform as to which the Administrative Agent and such parties are participants), and (2) the Lender required to make such assignment need not be a party thereto in order for such assignment to be effective and shall be deemed to
              have consented to and be bound by the terms thereof; provided that, following the effectiveness of any such assignment, the other parties to such assignment agree to execute and deliver such documents necessary to evidence such
              assignment as reasonably requested by the applicable Lender, provided that any such documents shall be without recourse to or warranty by the parties thereto.  Notwithstanding any other provision of this Agreement to the contrary, if a Lender
              has become the subject of a Bail-In Action (or any case or other proceeding in which a Bail-In Action may occur) (each, a “Bail-In Lender”), then the Company may terminate such Bail-In Lender’s Commitment hereunder, provided
              that (A) no Default or Event of Default shall have occurred and be continuing at the time of such Commitment termination, (B) in the case of a Bail-In Lender, the Company shall concurrently terminate the Commitment of each other Lender that
              is a Bail-In Lender at such time, (C) the Administrative Agent and the Required Lenders shall have consented to each such Commitment termination (such consents not to be unreasonably withheld or delayed, but may include consideration of the
              adequacy of the liquidity of the Company and its Subsidiaries) and (D) such Bail-In Lender shall have been paid all amounts then due to it under this Agreement and each other Loan Document (which, for the avoidance of doubt, the respective
              Borrowers may pay in connection with any such termination without making ratable payments to any other Lender (other than another Lender that has a Commitment that concurrently is being terminated under this Section 2.19(b))).

            

            

            
              81

              
                

            

            SECTION 2.20.  Expansion Option.  The Company may from time to time elect to increase the Revolving Commitments or enter into one or more
              tranches of term loans (each an “Incremental Term Loan”), in each case in a minimum amount of $25,000,000 and minimum increments of $5,000,000 in excess thereof, so long as, after giving effect thereto, the aggregate amount of such
              increases and all such Incremental Term Loans does not exceed $250,000,000.  The Company may arrange for any such increase or tranche to be provided by one or more Lenders (each Lender so agreeing to an increase in its Revolving Commitment,
              or to participate in such Incremental Term Loans, an “Increasing Lender”), or by one or more new banks, financial institutions or other entities (each such new bank, financial institution or other entity, an “Augmenting Lender”;
              provided that no Ineligible Institution may be an Augmenting Lender), which agree to increase their existing Revolving Commitments, or to participate in such Incremental Term Loans, or provide new Revolving Commitments, as the case may
              be; provided that (i) each Augmenting Lender shall be subject to the approval of the Company, the Administrative Agent, and in the case of an increase in the Revolving Commitments, each Issuing Bank and Swingline Lender (each such
              consent, not to be unreasonably withheld, conditioned or delayed) and (ii) (x) in the case of an Increasing Lender, the Company and such Increasing Lender execute an agreement substantially in the form of Exhibit C-1 hereto, and (y)
              in the case of an Augmenting Lender, the Company and such Augmenting Lender execute an agreement substantially in the form of Exhibit C-2 hereto.  No consent of any Lender (other than the Lenders participating in the increase or any
              Incremental Term Loan) shall be required for any increase in Revolving Commitments or Incremental Term Loan pursuant to this Section 2.20.  Increases and new Revolving Commitments and Incremental Term Loans created pursuant to this Section

                2.20 shall become effective on the date agreed by the Company, the Administrative Agent and the relevant Increasing Lenders or Augmenting Lenders, and the Administrative Agent shall notify each Lender thereof.  Notwithstanding the
              foregoing, no increase in the Revolving Commitments (or in the Revolving Commitment of any Lender) or tranche of Incremental Term Loans shall become effective under this paragraph unless, (i) on the proposed date of the effectiveness of such
              increase or Incremental Term Loans, (A) the conditions set forth in paragraphs (a) and (b) of Section 4.02 shall be satisfied or waived by the Required Lenders and the Administrative Agent shall have received a certificate to that
              effect dated such date and executed by an Authorized Officer of the Company and (B) the Company shall be in compliance (on a pro forma basis) with the covenants contained in Section 6.07, (ii) the Administrative Agent shall have
              received (x) documents and opinions consistent with those delivered on the Effective Date as to the organizational power and authority of the Borrowers to borrow hereunder after giving effect to such increase or Incremental Term Loans, as the
              case may be and (y) reaffirmations from the Loan Parties and (iii) the Company or the Administrative Agent shall have provided written notice to the Lenders (which may be delivered electronically on an Approved Electronic Platform) of any
              such increase or Incremental Term Loans at least five (5) Business Days prior to the date of effectiveness thereof; provided that, with respect to any Incremental Term Loans incurred for the purpose of financing an acquisition for
              which the Company has determined, in good faith, that limited conditionality is reasonably necessary (any such acquisition, a “Limited Conditionality Acquisition” and such Incremental Term Loans, “Acquisition-Related Incremental
                Term Loans”), (x) clause (i)(A) of this sentence shall be deemed to have been satisfied so long as (1) as of the date of execution of the definitive acquisition documentation in respect of a Limited Conditionality Acquisition (a “Limited

                Conditionality Acquisition Agreement”) by the parties thereto, no Default or Event of Default shall have occurred and be continuing or would result from entry into such documentation, (2) as of the date of the borrowing of such
              Acquisition-Related Incremental Term Loans, no Event of Default under clause (a), (g), (h) or (k) of Article VII is in existence immediately before or immediately after giving effect (including on a pro forma basis) to such borrowing
              and to any concurrent transactions and any substantially concurrent use of proceeds thereof, (3) the representations and warranties set forth in Article III shall be true and correct in all material respects (without duplication of
              any materiality qualifier contained therein) as of the date of execution of the applicable Limited Conditionality Acquisition Agreement by the parties thereto, except to the extent any such representation and warranty specifically refers to
              an earlier date, in which case such representation and warranty shall be true and correct in all material respects (without duplication of any materiality qualifier contained therein) as of such earlier date and (4) as of the date of the
              borrowing of such Acquisition-Related Incremental Term Loans, customary “Sungard” representations and warranties (with such representations and warranties to be reasonably determined by the Lenders providing such Acquisition-Related
              Incremental Term Loans) shall be true and correct in all material respects (without duplication of any materiality qualifier contained therein) immediately prior to, and immediately after giving effect to, the incurrence of such
              Acquisition-Related Incremental Term Loans, except to the extent any such representation and warranty specifically refers to an earlier date, in which case such representation and warranty shall be true and correct in all material respects
              (without duplication of any materiality qualifier contained therein) as of such earlier date and (y) clause (i)(B) of this sentence shall be deemed to have been satisfied so long as the Company shall be in compliance (on a pro forma basis)
              with the covenants contained in Section 6.07 as of the date of execution of the related Limited Conditionality Acquisition Agreement by the parties thereto.  On the effective date of any increase in the Revolving Commitments or any
              Incremental Term Loans being made, (i) each relevant Increasing Lender and Augmenting Lender shall make available to the Administrative Agent such amounts in immediately available funds as the Administrative Agent shall determine, for the
              benefit of the other Lenders, as being required in order to cause, after giving effect to such increase and the use of such amounts to make payments to such other Lenders, each Lender’s portion of the outstanding Revolving Loans of all the
              Lenders to equal its Applicable Percentage of such outstanding Revolving Loans, and (ii) the Borrowers shall be deemed to have repaid and reborrowed all outstanding Revolving Loans as of the date of any increase in the Revolving Commitments
              (with such reborrowing to consist of the Types of Revolving Loans, with related Interest Periods if applicable, specified in a notice delivered by the applicable Borrower, or the Company on behalf of the applicable Borrower, in accordance
              with the requirements of Section 2.03).  The deemed payments made pursuant to clause (ii) of the immediately preceding sentence shall be accompanied by payment of all accrued interest on the amount prepaid and, in respect of each
              Eurocurrency Loan, shall be subject to indemnification by the Borrowers pursuant to the provisions of Section 2.16 if the deemed payment occurs other than on the last day of the related Interest Periods.  The Incremental Term Loans
              (a) shall rank pari passu in right of payment with the Revolving Loans and the initial Term Loans, (b) shall not mature earlier than the latest Maturity Date in effect on the date of incurrence of such Incremental Term Loans (but may have
              amortization prior to such date) and (c) shall be treated substantially the same as (and in any event no more favorably than) the Revolving Loans and the initial Term Loans; provided that (i) the terms and conditions applicable to any
              tranche of Incremental Term Loans maturing after the latest Maturity Date in effect on the date of incurrence of such Incremental Term Loans may provide for material additional or different financial or other covenants or prepayment
              requirements applicable only during periods after the latest Maturity Date in effect on the date of incurrence of such Incremental Term Loans and (ii) the Incremental Term Loans may be priced differently than the Revolving Loans and the
              initial Term Loans.  Incremental Term Loans may be made hereunder pursuant to an amendment or restatement (an “Incremental Term Loan Amendment”) of this Agreement and, as appropriate, the other Loan Documents, executed by the
              Borrowers, each Increasing Lender participating in such tranche, each Augmenting Lender participating in such tranche, if any, and the Administrative Agent.  The Incremental Term Loan Amendment may, without the consent of any other Lenders,
              effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent, to effect the provisions of this Section 2.20.  Nothing contained in this
              Section 2.20 shall constitute, or otherwise be deemed to be, a commitment on the part of any Lender to increase its Revolving Commitment hereunder, or provide Incremental Term Loans, at any time.

            

            

            
              82

              
                

            

            SECTION 2.21.  Market Disruption.  Notwithstanding the satisfaction of all conditions referred to in Article II and Article IV
              with respect to any Credit Event to be effected in any Foreign Currency, if (i) there shall occur on or prior to the date of such Credit Event any change in national or international financial, political or economic conditions or currency
              exchange rates or exchange controls which would in the reasonable opinion of the Administrative Agent, the relevant Issuing Bank (if such Credit Event is a Letter of Credit) or the Required Revolving Lenders make it impracticable for the
              Eurocurrency Borrowings or Letters of Credit comprising such Credit Event to be denominated in the Agreed Currency specified by the applicable Borrower or (ii) a Dollar Amount of such currency is not readily calculable, then the
              Administrative Agent shall forthwith give notice thereof to such Borrower, the Lenders and, if such Credit Event is a Letter of Credit, the relevant Issuing Bank, and such Credit Events shall not be denominated in such Agreed Currency but
              shall, except as otherwise set forth in Section 2.07, be made on the date of such Credit Event in Dollars, (a) if such Credit Event is a Borrowing, in an aggregate principal amount equal to the Dollar Amount of the aggregate principal
              amount specified in the related request for a Credit Event or Interest Election Request, as the case may be, as ABR Loans, unless such Borrower notifies the Administrative Agent prior to the occurrence of such Credit Event that (i) it elects
              not to borrow on such date or (ii) it elects to borrow on such date in a different Agreed Currency, as the case may be, in which the denomination of such Loans would in the reasonable opinion of the Administrative Agent and the Required
              Revolving Lenders be practicable and in an aggregate principal amount equal to the Dollar Amount of the aggregate principal amount specified in the related request for a Credit Event or Interest Election Request, as the case may be or (b) if
              such Credit Event is a Letter of Credit, in a face amount equal to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, unless such Borrower notifies the Administrative Agent prior to
              the occurrence of such Credit Event that (i) it elects not to request the issuance of such Letter of Credit on such date or (ii) it elects to have such Letter of Credit issued on such date in a different Agreed Currency, as the case may be,
              in which the denomination of such Letter of Credit would in the reasonable opinion of the Issuing Bank which has issued such Letter of Credit, the Administrative Agent and the Required Revolving Lenders be practicable and in face amount equal
              to the Dollar Amount of the face amount specified in the related request or application for such Letter of Credit, as the case may be.

            

            

            
              83

              
                

            

            SECTION 2.22.  Judgment Currency.  If for the purposes of obtaining judgment in any court it is necessary to convert a sum due from any
              Borrower hereunder in the currency expressed to be payable herein (the “specified currency”) into another currency, the parties hereto agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall
              be that at which in accordance with normal banking procedures the Administrative Agent could purchase the specified currency with such other currency at the Administrative Agent’s main New York City office on the Business Day preceding that
              on which final, non‐appealable judgment is given.  The obligations of each Borrower in respect of any sum due to any Lender or the Administrative Agent hereunder shall, notwithstanding any judgment in a currency other than the specified
              currency, be discharged only to the extent that on the Business Day following receipt by such Lender or the Administrative Agent (as the case may be) of any sum adjudged to be so due in such other currency such Lender or the Administrative
              Agent (as the case may be) may in accordance with normal, reasonable banking procedures purchase the specified currency with such other currency.  If the amount of the specified currency so purchased is less than the sum originally due to
              such Lender or the Administrative Agent, as the case may be, in the specified currency, each Borrower agrees, to the fullest extent that it may effectively do so, as a separate obligation and notwithstanding any such judgment, to indemnify
              such Lender or the Administrative Agent, as the case may be, against such loss, and if the amount of the specified currency so purchased exceeds (a) the sum originally due to any Lender or the Administrative Agent, as the case may be, in the
              specified currency and (b) any amounts shared with other Lenders as a result of allocations of such excess as a disproportionate payment to such Lender under Section 2.18, such Lender or the Administrative Agent, as the case may be,
              agrees to remit such excess to such Borrower.

            

            

            SECTION 2.23.  Designation of Subsidiary Borrowers.  On the Effective Date, and subject to the satisfaction of the applicable conditions in Article

                IV hereto, the Initial Subsidiary Borrower shall be a Subsidiary Borrower party to this Agreement until the Company shall have executed and delivered to the Administrative Agent a Subsidiary Borrower Termination with respect to such
              Subsidiary, whereupon such Subsidiary shall cease to be a Subsidiary Borrower and cease to be a party to this Agreement.  On the Effective Date, Modine Netherlands Holding’s status as a Subsidiary Borrower is terminated.  After the Effective
              Date, the Company may at any time and from time to time designate any Eligible Subsidiary as a Subsidiary Borrower by delivery to the Administrative Agent of a Borrowing Subsidiary Agreement executed by such Subsidiary and the Company and the
              satisfaction of the other conditions precedent set forth in Section 4.03, and upon such delivery and satisfaction such Subsidiary shall for all purposes of this Agreement be a Subsidiary Borrower and a party to this Agreement until
              the Company shall have executed and delivered to the Administrative Agent a Borrowing Subsidiary Termination with respect to such Subsidiary, whereupon such Subsidiary shall cease to be a Subsidiary Borrower and a party to this Agreement. 
              Notwithstanding the preceding sentence, no Borrowing Subsidiary Termination will become effective as to any Subsidiary Borrower at a time when any principal of or interest on any Loan to such Borrower shall be outstanding hereunder, provided
              that such Borrowing Subsidiary Termination shall be effective to terminate the right of such Subsidiary Borrower to make further Borrowings under this Agreement.  As soon as practicable upon receipt of a Borrowing Subsidiary Agreement, the
              Administrative Agent shall furnish a copy thereof to each Lender.

            

            

            
              84

              
                

            

            SECTION 2.24.  Defaulting Lenders.  Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a Defaulting
              Lender, then the following provisions shall apply for so long as such Lender is a Defaulting Lender:

            

            

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

            

            

            (b)  any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of such Defaulting Lender
              (whether voluntary or mandatory, at maturity or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to Section 9.08 shall be applied at such time or times as may be reasonably determined by the
              Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent (but as promptly as commercially practicable) hereunder; second, to the payment on a pro rata
              basis of any amounts owing by such Defaulting Lender to any Issuing Bank or Swingline Lender hereunder; third, to Cash Collateralize the Issuing Banks’ LC Exposure with respect to such Defaulting Lender in accordance with this
              Section; fourth, as the Company may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this
              Agreement, as reasonably determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Company, to be held in a deposit account and released pro rata in order to (x) satisfy such Defaulting
              Lender’s potential future funding obligations with respect to Loans under this Agreement and (y) Cash Collateralize the Issuing Banks’ future LC Exposure with respect to such Defaulting Lender with respect to future Letters of Credit issued
              under this Agreement, in accordance with this Section; sixth, to the payment of any amounts owing to the Revolving Lenders, the Issuing Banks or Swingline Lenders as a result of any judgment of a court of competent jurisdiction
              obtained by any Revolving Lender, the Issuing Banks or Swingline Lenders against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement or under any other Loan Document; seventh,
              so long as no Default or Event of Default exists, to the payment of any amounts owing to any Borrower as a result of any judgment of a court of competent jurisdiction obtained by such Borrower against such Defaulting Lender as a result of
              such Defaulting Lender’s breach of its obligations under this Agreement or under any other Loan Document; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if
              (x) such payment is a payment of the principal amount of any Loans or LC Disbursements in respect of which such Defaulting Lender has not fully funded its appropriate share, and (y) such Loans were made or the related Letters of Credit were
              issued at a time when the conditions set forth in Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and LC Disbursements owed to, all non-Defaulting Revolving Lenders on a pro rata basis
              prior to being applied to the payment of any Loans of, or LC Disbursements owed to, such Defaulting Lender until such time as all Loans and funded and unfunded participations in the Borrowers’ obligations corresponding to such Defaulting Lender’s LC Exposure and Swingline Loans are held by the Revolving Lenders pro rata in accordance with the Commitments
                without giving effect to clause (d) below.  Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post cash collateral pursuant
              to this Section shall be deemed paid to and redirected by such Defaulting Lender, and each Revolving Lender irrevocably consents hereto;

            

            

            (c)  the Commitment and Credit Exposure of such Defaulting Lender shall not be included in determining whether the Required Lenders, the Required
              Revolving Lenders, the Required Term Lenders or the Required Euro Term Lenders have taken or may take any action hereunder (including any consent to any amendment, waiver or other modification pursuant to Section 9.02); provided,
              that, except as otherwise provided in Section 9.02, this clause (c) shall not apply to the vote of a Defaulting Lender in the case of an amendment, waiver or other modification requiring the consent of such Lender or each Lender
              directly affected thereby;

            

            

            
              85

              
                

            

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

            

            

            (i)  all or any part of the Swingline Exposure and LC Exposure of such Defaulting Lender (other than the portion of such
              Swingline Exposure referred to in clause (b) of the definition of such term) shall be reallocated among the non-Defaulting Lenders in accordance with their respective Applicable Percentages but only to the extent the sum of all non-Defaulting
              Lenders’ Revolving Credit Exposures plus such Defaulting Lender’s Swingline Exposure and LC Exposure does not exceed the total of all non-Defaulting Lenders’ Revolving Commitments;

            

            

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

            

            

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

            

            

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

            

            

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

            

            

            (e)   so long as such Lender is a Defaulting Lender, the Swingline Lenders shall not be required to fund any Swingline Loan and the Issuing Banks
              shall not be required to issue, amend or increase any Letter of Credit, unless it is satisfied that the related exposure and the Defaulting Lender’s then outstanding LC Exposure will be 100% covered by the Revolving Commitments of the
              non-Defaulting Lenders and/or Cash Collateral will be provided by the Company in accordance with Section 2.24(d), and participating interests in any such newly made Swingline Loan or any newly issued or increased Letter of Credit
              shall be allocated among non-Defaulting Lenders in a manner consistent with Section 2.24(d)(i) (and such Defaulting Lender shall not participate therein).

            

            

            
              86

              
                

            

            If (i) a Bankruptcy Event or a Bail-In Action with respect to a Lender Parent shall occur following the date hereof and for so long as such event shall continue or (ii) any Swingline Lender
              or any Issuing Bank has a good faith belief that any Lender has defaulted in fulfilling its obligations under one or more other agreements in which such Lender commits to extend credit, no Swingline Lender shall be required to fund any
              Swingline Loan and no Issuing Bank shall be required to issue, amend or increase any Letter of Credit, unless the Swingline Lenders or the Issuing Banks, as the case may be, shall have entered into arrangements with the Company or such
              Lender, satisfactory to the Swingline Lenders or the Issuing Banks, as the case may be, to defease any risk to it in respect of such Lender hereunder.

            

            

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

            

            

            SECTION 2.25.  Extension of Maturity Date.

            

            

            (a)  Requests for Extension.  The Company may, by notice to the Administrative Agent (who shall promptly notify the applicable Class of
              Lenders) during the Extension Availability Period, request that each applicable Lender extend such Lender’s Revolving Credit Maturity Date, Dollar Term Loan Maturity Date or Euro Term Loan Maturity Date, as the case may be (the “Applicable
                Maturity Date”), to a date (the “Extended Maturity Date”) that does not cause the tenor of any Lender’s Revolving Commitment, any Lender’s outstanding Dollar Term Loans or any Lender’s outstanding Euro Term Loans to exceed five
              (5) years from the date upon which the conditions precedent to the effectiveness of such extension of the Applicable Maturity Date set forth in clause (f) below have been satisfied (an “Extension Date”).  For the avoidance of
              doubt, the Company may request extensions of any Class without requesting an extension of the other Class.

            

            

            (b)  Lender Elections to Extend.  Each Lender of the applicable Class, acting in its sole and individual discretion, shall, by notice to the
              Administrative Agent (which shall be irrevocable unless the Company otherwise consents in writing in its sole discretion) given not later than the date that is 15 days after the date on which the Administrative Agent received the Company’s
              extension request (the “Lender Notice Date”), advise the Administrative Agent whether or not such Lender agrees to such extension (each Lender of the applicable Class that determines to so extend its Applicable Maturity Date, an “Extending

                Lender”).  Each Lender of the applicable Class that determines not to so extend its Applicable Maturity Date (a “Non-Extending Lender”) shall notify the Administrative Agent of such fact promptly after such determination (but in
              any event no later than the Lender Notice Date), and any Lender of the applicable Class that does not so advise the Administrative Agent on or before the Lender Notice Date shall be deemed to be a Non-Extending Lender.  The election of any
              Lender to agree to such extension shall not obligate any other Lender to so agree, and it is understood and agreed that no Lender shall have any obligation whatsoever to agree to any request made by the Company for extension of the Applicable
              Maturity Date.

            

            

            (c)  Notification by Administrative Agent.  The Administrative Agent shall notify the Company of each applicable Lender’s determination under
              this Section promptly after the Administrative Agent’s receipt thereof and, in any event, no later than the date that is 15 days prior to the applicable Extension Date (or, if such date is not a Business Day, on the next preceding Business
              Day).

            

            

            
              87

              
                

            

            (d)  Additional Commitment Lenders.  The Company shall have the right, but shall not be obligated, on or before the Applicable Maturity Date
              for any Non-Extending Lender to replace such Non-Extending Lender with, and add as a “Revolving Lender” (in the case of any extension of the Revolving Credit Maturity Date), as a “Dollar Term Lender” (in the case of any extension of the
              Dollar Term Loan Maturity Date) or as a “Euro Term Lender” (in the case of any extension of the Euro Term Loan Maturity Date) under this Agreement in place thereof, one or more financial institutions that are not Ineligible Institutions
              (each, an “Additional Commitment Lender”) approved by the Administrative Agent and, in the case of an Additional Commitment Lender assuming a new or additional Revolving Commitment, the Issuing Banks, the Swingline Lenders and
              Administrative Agent (in each case, such approval not to be unreasonably withheld, conditioned or delayed) in accordance with the procedures provided in Section 2.19(b), each of which applicable Additional Commitment Lenders shall
              have entered into an Assignment and Assumption (in accordance with and subject to the restrictions contained in Section 9.04, with the Company or replacement Lender obligated to pay any applicable processing or recordation fee) with
              such Non-Extending Lender, pursuant to which such Additional Commitment Lenders shall, effective on or before the Applicable Maturity Date for such Non-Extending Lender, assume a Revolving Commitment, Dollar Term Loans and/or Euro Term Loans,
              as the case may be (and, if any such Additional Commitment Lender is already a Lender of the applicable Class, its Revolving Commitment, its outstanding Dollar Term Loans and/or its outstanding Euro Term Loans, as applicable, so assumed shall
              be in addition to such Lender’s Revolving Commitment, its outstanding Dollar Term Loans and/or its outstanding Euro Term Loans, as applicable, hereunder on such date).  Prior to any Non-Extending Lender being replaced by one or more
              Additional Commitment Lenders pursuant hereto, such Non-Extending Lender may elect, in its sole discretion, by giving irrevocable notice thereof to the Administrative Agent and the Company (which notice shall set forth such Lender’s new
              Applicable Maturity Date), to become an Extending Lender, provided that the Company consents thereto in writing in its sole discretion.  The Administrative Agent may effect such amendments to this Agreement as are reasonably necessary
              to provide for any such extensions with the consent of the Company but without the consent of any other Lenders.

            

            

            (e)  Minimum Extension Requirement.  If (and only if) the total of the applicable Revolving Commitments or the applicable outstanding Term
              Loans of the Lenders of the applicable Class that have agreed to extend their Applicable Maturity Date and the new or increased Revolving Commitments or the applicable newly assumed outstanding Term Loans of any Additional Commitment Lenders
              is more than 50% of the aggregate amount of the Revolving Commitments or the applicable outstanding Term Loans, as applicable, in effect immediately prior to the applicable Extension Date, then, effective as of the applicable Extension Date,
              the Applicable Maturity Date of each Extending Lender and of each Additional Commitment Lender of the applicable Class shall be extended to the Extended Maturity Date (except that, if such date is not a Business Day, such Applicable Maturity
              Date as so extended shall be the next preceding Business Day) and each Additional Commitment Lender of such Class shall thereupon become a “Revolving Lender”, a “Dollar Term Lender” and/or a “Euro Term Lender”, as the case may be, for all
              purposes of this Agreement and shall be bound by the provisions of this Agreement as a Revolving Lender, a Dollar Term Lender and/or Euro Term Lender, as the case may be, hereunder and shall have the obligations of a Revolving Lender, a
              Dollar Term Lender and/or a Euro Term Lender, as the case may be, hereunder.

            

            

            (f)  Conditions to Effectiveness of Extension.  Notwithstanding the foregoing, (x) no more than two (2) extensions of the Revolving Credit
              Maturity Date and no more than two (2) extensions of the Dollar Term Loan Maturity Date and no more than two (2) extensions of the Euro Term Loan Maturity Date shall be permitted hereunder and (y) any extension of any Maturity Date pursuant
              to this Section 2.25 shall not be effective with respect to any Extending Lender and each Additional Commitment Lender unless:

            

            

            (i)  no Default or Event of Default shall have occurred and be continuing on the applicable Extension Date and immediately after
              giving effect thereto;

            

            

            
              88

              
                

            

            (ii)  the representations and warranties of the Borrowers set forth in this Agreement shall be true and correct in all material
              respects (without duplication of any materiality qualifier contained therein) on and as of the applicable Extension Date (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such
              specific date); and

            

            

            (iii)  the Administrative Agent shall have received a certificate from the Company signed by an Authorized Officer of the Company
              (A) certifying the accuracy of the foregoing clauses (i) and (ii) and (B) certifying and attaching the resolutions adopted by each Borrower approving or consenting to such extension.

            

            

            (g)  Maturity Date for Non-Extending Lenders.  On the Applicable Maturity Date of each Non-Extending Lender, (i) to the extent of the
              Revolving Commitments and Term Loans of each Non-Extending Lender of the relevant Class not assigned to the Additional Commitment Lenders of such Class, the Revolving Commitment of each Non-Extending Lender of such Class shall automatically
              terminate and (ii) the Company shall repay such Non-Extending Lender of such Class in accordance with Section 2.10 (and shall pay to such Non-Extending Lender all of the other Obligations due and owing to it under this Agreement) and
              after giving effect thereto shall prepay any Loans of the applicable Class outstanding on such date (and pay any additional amounts required pursuant to Section 2.16) to the extent necessary to keep outstanding Loans of the applicable
              Class ratable with any revised Applicable Percentages of the respective Lenders of such Class effective as of such date, and the Administrative Agent shall administer any necessary reallocation of the applicable Credit Exposures (without
              regard to any minimum borrowing, pro rata borrowing and/or pro rata payment requirements contained elsewhere in this Agreement).

            

            

            (h)  Conflicting Provisions.  This Section shall supersede any provisions in Section 2.18 or Section 9.02 to the contrary.

            

            

            SECTION 2.26.  Foreign Financing Obligations.  Each Lender (other than the Lender acting as Collateral Agent) or Affiliate thereof providing
              one or more credit facilities to any Foreign Subsidiary that are intended to constitute, or are otherwise approved by the Collateral Agent as, Foreign Financing Obligations shall deliver to the Collateral Agent, promptly upon the Collateral
              Agent’s request, such information as the Collateral Agent reasonably requests in respect of such credit facilities.  The most recent information provided to the Collateral Agent pursuant to this Section 2.26 shall be used in
              determining the amounts to be applied in respect of the Foreign Financing Obligations under such credit facilities pursuant to Section 2.18(b).

            

            

            SECTION 2.27.  MIRE Events.  Each of the parties hereto acknowledges and agrees that, if there are any Mortgaged Properties, any increase,
              extension or renewal of any of the Commitments or Loans (including the provision of Incremental Term Loans or any other incremental credit facilities hereunder pursuant to Section 2.20, Section 9.02(e) or otherwise, but
              excluding (i) any continuation or conversion of Borrowings under Section 2.08, (ii) the making of any Revolving Loans or Swingline Loans or (iii) the issuance or extension of Letters of Credit) shall be subject to (and conditioned
              upon) (1) the prior delivery of all flood hazard determination certifications, acknowledgements and evidence of flood insurance and other flood-related documentation with respect to such Mortgaged Properties as required by Flood Insurance Law
              and as otherwise reasonably required by the Collateral Agent and (2) the Collateral Agent shall have received written confirmation from the Impacted Lender that flood insurance due diligence and flood insurance compliance has been completed
              by the Impacted Lender (such written confirmation not to be unreasonably withheld, conditioned or delayed).

            

            

            
              89

              
                

            

            ARTICLE III

            

            

            REPRESENTATIONS AND WARRANTIES

            

            

            The Company represents and warrants to the Lenders, as of the date hereof and as of the date of each Credit Event, that:

            

            

            SECTION 3.01.  Corporate Existence and Power. The Company (a) is a corporation duly organized and validly existing under the laws of the
              jurisdiction of its incorporation, (b) is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary, and (c) has all corporate powers and all governmental licenses,
              authorizations, consents and approvals required to carry on its business as now conducted, except, in the case of subsections (b) and (c), where the failure to do so would not have a Material Adverse Effect.  Each Foreign Subsidiary Borrower
              incorporated or organized in an EU jurisdiction represents and warrants to the Lenders that its centre of main interest (as that term is used in Article 3(1) of the Insolvency Regulation) is in its jurisdiction of incorporation and it has no
              establishment (as that term is used in Article 2(10) of the Insolvency Regulation) in any other jurisdiction.  Each UK Borrower incorporated in England and Wales represents and warrants to the Lenders that its centre of main interest (as that
              term is used in Article 3(1) of the Insolvency Regulation) is in England and Wales and it has no establishment (as that term is used in Article 2(10) of the Insolvency Regulation) in any other jurisdiction.

            

            

            SECTION 3.02.  Authorization. The Transactions (a) are within each Loan Party’s corporate and other required powers and (b) have been duly
              authorized by all necessary corporate and other required action by or on behalf of the Loan Parties.

            

            

            SECTION 3.03.  Binding Effect. This Agreement constitutes a valid and binding agreement of the Borrowers enforceable in accordance with its
              terms, and each other Loan Document, when executed and delivered in accordance with this Agreement, will constitute a valid and binding obligation of each of the Borrowers and the Guarantors that is a party to such Loan Document, enforceable
              in accordance with such Loan Document’s terms, provided that the enforceability hereof and thereof is subject in each case to general principles of equity and to bankruptcy, insolvency and similar laws affecting the enforcement of
              creditors’ rights generally.

            

            

            SECTION 3.04.  No Conflict; Government Consent. Neither the execution and delivery by each of the Borrowers and the Guarantors of the Loan
              Documents to which it is a party, nor the consummation of the Transactions, nor compliance with the provisions thereof will violate (a) any law, rule, regulation, order, writ, judgment, injunction, decree or award binding on the Company or
              any of its Subsidiaries, (b) the Company’s or any Subsidiary’s articles or certificate of incorporation, partnership agreement, certificate of partnership, articles or certificate of organization, by‐laws, or operating or other management
              agreement, as the case may be, or (c) the provisions of any material indenture, instrument or agreement to which the Company or any of its Subsidiaries is a party or is subject, or by which it, or its Property, is bound, or conflict with or
              constitute a default thereunder, or result in, or require, the creation or imposition of any Lien in, of or on the Property of the Company or a Subsidiary pursuant to the terms of any such indenture, instrument or agreement.  Except for SEC
              filings and any actions contemplated by Section 5.11, no order, consent, adjudication, approval, license, authorization, or validation of, or filing, recording or registration with, or exemption by, or other action in respect of any
              governmental or public body or authority, or any subdivision thereof, which has not been obtained by the Company or any of its Subsidiaries, is required to be obtained by the Company or any of its Subsidiaries in connection with the execution
              and delivery by it of the Loan Documents, the borrowings under this Agreement, the payment and performance by the Borrowers of the Obligations or the legality, validity, binding effect or enforceability against the Loan Parties of any of the
              Loan Documents.

            

            

            
              90

              
                

            

            SECTION 3.05.  Financial Statements; Material Adverse Change.

            

            

            (a)  The consolidated financial statements of the Company and its Subsidiaries as of March 31, 2019 reported on by PricewaterhouseCoopers LLP
              heretofore delivered to the Lenders, were prepared in accordance with generally accepted accounting principles in effect on the date such statements were prepared and fairly present in all material respects the consolidated financial
              condition and operations of the Company and its Subsidiaries at such date and the consolidated results of their operations for the period then ended.

            

            

            (b)  Since March 31, 2019, there has been no change in the business, Property, condition (financial or otherwise) or results of operations of the
              Company and its Subsidiaries, taken as a whole, that could reasonably be expected to have a Material Adverse Effect.

            

            

            SECTION 3.06.  Litigation and Contingent Obligations.  Except as disclosed in Schedule 3.06, there is no litigation, arbitration,
              governmental investigation, proceeding or inquiry pending, or to the knowledge of any of their officers, threatened in writing against the Company or any of its Subsidiaries which could reasonably be expected to have a Material Adverse Effect
              or which seeks to prevent, enjoin or delay any Credit Event.

            

            

            SECTION 3.07.  Compliance With ERISA.

            

            

            (a)  The Company and each member of the Controlled Group (excluding Foreign Subsidiaries of the Company) have fulfilled their obligations under the
              minimum funding standards of ERISA and the Code with respect to each Plan and are in compliance with the presently applicable provisions of ERISA and the Code, and have not incurred any liability to the PBGC, except to the extent the
              foregoing could not reasonably be expected to result in a Material Adverse Effect.

            

            

            (b)  No ERISA Event has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events for which liability
              is reasonably expected to occur, could reasonably be expected to result in a Material Adverse Effect.  Each Plan complies with all applicable requirements of law and regulations, neither the Company nor any other member of the Controlled
              Group has withdrawn from any Plan or initiated steps to do so, and no steps have been taken to reorganize or terminate any Plan, except to the extent the foregoing could not reasonably be expected to result in a Material Adverse Effect.

            

            

            (c)  Neither the Company nor any member of the Controlled Group (excluding Foreign Subsidiaries of the Company) is or ever has been obligated to
              contribute to any Multiemployer Plan, except to the extent the foregoing could not reasonably be expected to result in a Material Adverse Effect.

            

            

            (d)  Each Foreign Subsidiary of the Company, except to the extent the following (or the failure to the following, as applicable) could not
              reasonably be expected to result in a Material Adverse Effect:  (i) has fulfilled its funding obligations under any and all applicable laws, regulations and similar requirements of governmental authorities with respect to each employee
              benefit or pension plan; (ii) is in compliance in all material respects with the presently applicable provisions of such laws, regulations and requirements; and (iii) except as disclosed in the financial statements referred to in Section
                3.05, has not incurred any material liability, indebtedness or obligation under or in connection with any employee benefit or pension plan.

            

            

            (e)  The Company is not an entity deemed to hold “plan assets” within the meaning of 29 C.F.R. § 2510.3-101 of an employee benefit plan (as defined
              in Section 3(3) of ERISA) which is subject to Title I of ERISA or any plan (within the meaning of Section 4975 of the Code), the Company is an “operating company” as defined in 29 C.F.R. § 2510-101(c), and neither the execution of this
              Agreement nor any Credit Event hereunder gives rise to a prohibited transaction within the meaning of Section 406 of ERISA or Section 4975 of the Code, except to the extent the failure of any of the foregoing to be true could not reasonably
              be expected to have a Material Adverse Effect.

            

            

            
              91

              
                

            

            SECTION 3.08.  Taxes. There have been filed on behalf of the Company and its Subsidiaries all foreign, federal, state and local income,
              excise, property and other tax returns which are required to be filed by them and all taxes due pursuant to such returns or pursuant to any assessment received by or on behalf of the Company or any Subsidiary have been paid, except (a) such
              taxes, if any, as are being contested in good faith and as to which adequate reserves have been provided in accordance with Agreement Accounting Principles and/or (b) where the failure to so file or pay could not reasonably be expected to
              result in a Material Adverse Effect.  No tax liens have been filed and no claims are being asserted with respect to any such taxes, to the extent the foregoing could reasonably be expected to result in a Material Adverse Effect.  Each Loan
              Party represents that it is resident for Tax purposes only in its jurisdiction of incorporation or under another jurisdiction in which it claims residency for Tax purposes under an applicable income tax treaty.

            

            

            SECTION 3.09.  Subsidiaries.  Schedule 3.09 contains an accurate list of all Subsidiaries
              of the Company as of the Effective Date, setting forth their respective jurisdictions and forms of organization and the percentage of their respective capital stock or other ownership interests owned by the Company or other Subsidiaries.  All
              of the issued and outstanding shares of capital stock or other ownership interests of such Subsidiaries have been (to the extent such concepts are relevant with respect to such ownership interests) duly authorized and issued and are fully
              paid and non-assessable.  Except as the result of transactions permitted by Section 6.06, each of the Company’s Subsidiaries is a corporation or other organization duly organized, validly existing and (to the extent such concept
              applies to such entity) in good standing under the laws of its jurisdiction of incorporation or organization, is duly qualified to transact business in every jurisdiction where, by the nature of its business, such qualification is necessary
              (except where the failure to do so would not have a Material Adverse Effect), and has all corporate or organization powers and all governmental licenses, authorizations, consents and approvals required to carry on its business as now
              conducted (except where the failure to do so would not have a Material Adverse Effect).

            

            

            SECTION 3.10.  Not an Investment Company.  Neither the Company nor any Subsidiary is an “investment company” or a company “controlled” by an
              “investment company”, within the meaning of the Investment Company Act of 1940, as amended.

            

            

            SECTION 3.11.  Ownership of Property.  Each of the Company and its Subsidiaries have good record and marketable title in fee simple to, or
              valid leasehold interests in or other rights to use, all property necessary or used in the ordinary conduct of their respective businesses, except for such defects in title or interest as could not, individually or in the aggregate,
              reasonably be expected to result in a Material Adverse Effect.

            

            

            SECTION 3.12.  Material Agreements; Default. Neither the Company nor any of its Subsidiaries is in default under or with respect to any
              agreement, instrument or undertaking to which it is a party or by which it or any of its Property is bound which default could reasonably be expected to have a Material Adverse Effect.  No Default or Event of Default has occurred and is
              continuing.

            

            

            SECTION 3.13.  Full Disclosure. None of the statements or information contained in any exhibit, report, statement or certificate furnished in
              writing by or on behalf of the Company or any Subsidiary to the Administrative Agent or any Lender in connection with the Loan Documents (including statements or information concerning the Company and its Subsidiaries in the offering and
              disclosure materials delivered by or on behalf of the Company to the Lenders prior to the Effective Date), contains any untrue statement of a material fact or omits any material fact required to be stated therein or necessary to make the
              statements made therein, in light of the circumstances under which they are made, not misleading as of the time when made or delivered (it being understood (a) that any projections and forecasts provided by the Company or any Subsidiary are
              based on good faith estimates and assumptions believed by the Company or such Subsidiary to be reasonable as of the date of the applicable projections or forecasts and that actual results during the periods covered by any such projections and
              forecasts may differ from projected or forecasted results) and (b) any information provided by the Company or any Subsidiary with respect to any Person or assets acquired or to be acquired by the Company or any Subsidiary shall, for all
              periods prior to the date of such Acquisition, be limited to the knowledge of the Company or the acquiring Subsidiary after reasonable inquiry).  As of the Effective Date, to the best knowledge of the Company, the information included in the
              Beneficial Ownership Certifications provided on or prior to the Effective Date to any Lender in connection with this Agreement is true and correct in all material respects.

            

            

            
              92

              
                

            

            SECTION 3.14.  Environmental Matters. Except with respect to matters that, individually or in the aggregate, could not reasonably be expected
              to result in a Material Adverse Effect, neither the Company nor any of the other Subsidiaries (i) has failed to comply with any Environmental Law or to obtain, maintain or comply with any permit, license or other approval required under any
              Environmental Law, (ii) is subject to any Environmental Liability or (iii) has received written notice of any claim with respect to any Environmental Liability.

            

            

            SECTION 3.15.  Insolvency. After giving effect to the Transactions, neither the Company nor any Subsidiary will be “insolvent,” within the
              meaning of such terms as defined in § 101 of Title 11 of the United States Code or Section 2 of the Uniform Fraudulent Transfer Act, or any other applicable state law pertaining to fraudulent transfers or conveyances, as each may be amended
              from time to time, or be unable to pay its debts generally as such debts become due, or have an unreasonably small capital to engage in any business or transaction whether current or contemplated.

            

            

            SECTION 3.16.  Compliance with Laws; Sanctions and Regulations.  The Company, each of its Subsidiaries and each member of the Controlled
              Group has complied with all applicable laws (including but not limited to ERISA), regulations, rules, orders and restrictions of any domestic or foreign government or any instrumentality or agency thereof having jurisdiction over the conduct
              of their respective businesses or the ownership of their respective Property (including but not limited to PBGC), except where any failure to comply with any of the foregoing could not, alone or in the aggregate, reasonably be expected to
              have a Material Adverse Effect.  The Company has implemented and maintains in effect policies and procedures designed to promote and achieve compliance in all material respects by the Company, its Subsidiaries and their respective directors,
              officers, employees and agents with Anti-Corruption Laws and applicable Sanctions, and the Company, its Subsidiaries and their respective officers and employees and such Subsidiaries’ directors and to the knowledge of the Company its
              directors and agents, are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects.  None of (a) the Company, any Subsidiary or any of their respective directors, officers or employees, or (b) to the knowledge
              of the Company, any agent of the Company or any Subsidiary that will act in any capacity in connection with or directly benefit from the credit facility established hereby, is a Sanctioned Person.   No Credit Event or use of proceeds thereof
              by the Company or any Subsidiary will violate Anti-Corruption Laws or applicable Sanctions.  The representations and warranties in this Section 3.16 shall not be made by any German Borrower insofar as they would violate or expose any
              German Borrower or any of its Subsidiaries or any director, officer or employee thereof to any liability under any anti-boycott or blocking law, regulation or statute that is in force from time to time and applicable to such entity (including
              without limitation EU Regulation (EC) 2271/96 and Section 7 of the German Foreign Trade Ordinance (Verordnung zur Durchführung des Außenwirtschaftsgesetzes (Außenwirtschaftsverordnung – AWV)).  The
              representations and warranties in this Section 3.16 given by any Borrower to any Lender that qualifies as a resident party domiciled in Germany (Inländer) within the meaning of Section 2
              paragraph 15 German Foreign Trade Act (Außenwirtschaftsgesetz) are made only to the extent that any Lender domiciled in Germany (Inländer) within the meaning of
              Section 2 paragraph 15 German Foreign Trade Act (Außenwirtschaftsgesetz) would be permitted to make such undertakings pursuant to EU Regulation (EC) 2271/96 and Section 7 of the German Foreign Trade
              Ordinance (Verordnung zur Durchführung des Außenwirtschaftsgesetzes (Außenwirtschaftsverordnung – AWV)).

            

            

            
              93

              
                

            

            SECTION 3.17.  Regulation U.  Margin stock (as defined in Regulation U) constitutes less than 25% of the value of those assets of the Company
              and its Subsidiaries which are subject to any limitation on sale, pledge, or other restriction hereunder.

            

            

            SECTION 3.18.  Insurance.  The Company and each of its Subsidiaries maintains (either in the name of the Company or in such Subsidiary’s own
              name) insurance on its property in accordance with Section 5.06.

            

            

            SECTION 3.19.  Senior Note Debt.  As of the Effective Date, the outstanding principal balance of the Senior Note Debt is $131,000,000 and all
              material Senior Note Purchase Documents in effect on the Effective Date have been delivered to the Lenders prior to the Effective Date.

            

            

            SECTION 3.20.  Security Interest in Collateral.  The Collateral Documents, upon execution and delivery thereof by the parties thereto, will
              create in favor of the Collateral Agent, for the benefit of the Secured Parties, a valid and enforceable security interest in the Collateral covered thereby and (i) when the Collateral constituting certificated securities (as defined in the
              UCC) is delivered to the Administrative Agent, together with instruments of transfer duly endorsed in blank, the Liens under the Collateral Documents will constitute a fully perfected security interest in all right, title and interest of the
              respective Loan Parties thereunder in such Collateral, prior and superior in right to any other Person, except for Liens permitted by Section 6.04 and (ii) when financing statements in appropriate form are filed in the applicable
              filing offices, the security interest created under the Collateral Documents will constitute a fully perfected security interest in all right, title and interest of the respective Loan Parties in the remaining Collateral to the extent
              perfection can be obtained by filing UCC financing statements, prior and superior to the rights of any other Person, except for Liens permitted by Section 6.04.

            

            

            SECTION 3.21.  Use of Proceeds.  The proceeds of the Revolving Loans  and the Term Loans will be used to finance the working capital needs
              and general corporate purposes of the Company and its Subsidiaries, including Transaction Costs and Permitted Acquisitions and will not be used for any purpose that would constitute unlawful financial assistance within the meaning of sections
              678 or 679 of the UK Companies Act 2006.

            

            

            SECTION 3.22.  Works Council. There is no Works Council with jurisdiction over the transaction as envisaged by any Loan Document to which a
              Dutch Borrower is a party and there is no obligation for a Dutch Borrower to establish a Works Council pursuant to the Dutch Works Council Act (Wet op de Ondernemingsraden), or, if a  Works Council is
              established, such Dutch Borrower (or the Company on its behalf) has delivered to the Administrative Agent a confirmation that all consultation obligations in respect of such  Works Council have been complied with and that positive
              unconditional advice has been obtained, attaching a copy of such advice and a copy of the request for such advice.

            

            

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

            

            

            
              94

              
                

            

            SECTION 3.24.  Dutch Fiscal Unity.  Any fiscal unity (fiscale eenheid) for Dutch corporate income
              tax (vennootschapsbelasting) or Dutch VAT (omzetbelasting) purposes in which a Loan Party is included, if any, shall consist of Loan Parties only, unless with
              the prior written consent of the Administrative Agent.

            

            

            SECTION 3.25.  Centre of Main Interests.  Each UK Loan Party incorporated or organized in an EU jurisdiction represents and warrants to the
              Lenders that its centre of main interest (as that term is used in Article 3(1) of the Insolvency Regulation) is in its jurisdiction of incorporation and it has no establishment (as that term is used in Article 2(10) of the Insolvency
              Regulation) in any other jurisdiction.  Each UK Loan Party incorporated in England and Wales represents and warrants to the Lenders that its centre of main interest (as that term is used in Article 3(1) of the Insolvency Regulation) is in
              England and Wales and it has no establishment (as that term is used in Article 2(10) of the Insolvency Regulation) in any other jurisdiction.

             

            

            ARTICLE IV

            

             

            

            Conditions

            

            

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

            

            

            (a)  The Administrative Agent (or its counsel) shall have received (i) from each party hereto either (A) a counterpart of this
              Agreement signed on behalf of such party or (B) written evidence satisfactory to the Administrative Agent (which may include telecopy or electronic transmission of a signed signature page of this Agreement) that such party has signed a
              counterpart of this Agreement and (ii) duly executed copies of the Loan Documents.

            

            

            (b)  The Administrative Agent shall have received a favorable written opinion (addressed to the Administrative Agent and the
              Lenders and dated the Effective Date) of (i) Foley & Lardner LLP, special counsel for the Loan Parties and (ii) Eversheds Sutherland (International) LLP, special UK counsel for the Loan Parties, substantially in the form of Exhibits
                B-1 and B-2, respectively, and covering such other matters relating to the Loan Parties, this Agreement or the Transactions as the Administrative Agent shall reasonably request.  The Company hereby requests such counsels to
              deliver such opinions.

            

            

            (c)  The Administrative Agent shall have received such documents and certificates as the Administrative Agent or its counsel may
              reasonably request relating to the organization, existence and good standing of the initial Borrowers and the other initial Loan Parties, the authorization of the Transactions and any other legal matters relating to the initial Borrowers and
              the other initial Loan Parties, the Loan Documents or the Transactions, all in form and substance reasonably satisfactory to the Administrative Agent and its counsel and as further described in the list of closing documents attached as Exhibit

                E (excluding those items set forth in Part F of such Exhibit E).

            

            

            (d)  The Administrative Agent shall have received a certificate, dated the Effective Date and
                signed by the President, a Vice President or any other Authorized Officer of the Company, certifying compliance with the conditions set forth in paragraphs (a) and (b) of Section 4.02.

            

            

            (e)  The Administrative Agent shall have received a Reaffirmation and Agreement in respect of the Security Agreement, dated as of
              the Effective Date, executed by the Company, the initial Guarantors, the Required Note Holders (as defined in the Intercreditor Agreement) and the Collateral Agent in respect of the Security Agreement.

            

            

            
              95

              
                

            

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

            

            

            (g)  The Administrative Agent shall have received all fees and other amounts due and payable on or prior to the Effective Date,
              including, to the extent invoiced (in reasonable detail) at least one (1) Business Day prior to the Effective Date, reimbursement or payment of all out-of-pocket expenses required to be reimbursed or paid by the Company hereunder.

            

            

            The Administrative Agent shall notify the Company and the Lenders of the Effective Date, and such notice shall be conclusive and binding.

            

            

            SECTION 4.02.  Each Credit Event.  The obligation of each Lender to make a Loan, and of the Issuing Banks to issue, increase or extend any
              Letter of Credit, is subject to the satisfaction of the following conditions:

            

            

            (a)  The representations and warranties of the Borrowers set forth in this Agreement shall be true and correct in all material
              respects (without duplication of any materiality qualifier contained therein) on and as of the date of such Loan (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such specific
              date) or the date of issuance, amendment to increase or extension of such Letter of Credit, as applicable.

            

            

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

            

            

            Each Loan and each issuance, amendment to increase or extension of a Letter of Credit shall be deemed to constitute a representation and warranty by the Borrowers on the date thereof as to the matters specified
              in paragraphs (a) and (b) of this Section.

            

            

            SECTION 4.03.  Designation of a Subsidiary Borrower.  The designation of a Subsidiary Borrower pursuant to Section 2.23 is subject to
              the conditions precedent that:

            

            

            (a)  The Company or such proposed Subsidiary Borrower shall have furnished or caused to be furnished to the Administrative Agent:

            

            

            (i)  subject to clause (b) below, copies, certified by the Secretary or Assistant Secretary (or other appropriate officer,
              manager or director) of such Subsidiary, of its board of directors’ (or other applicable governing body’s) resolutions (and resolutions of other bodies, if any are deemed necessary by counsel for the Administrative Agent) approving the
              Borrowing Subsidiary Agreement and any other Loan Documents to which such Subsidiary is becoming a party and such documents and certificates as the Administrative Agent or its counsel may reasonably request relating to the organization,
              existence and good standing of such Subsidiary;

            

            

            
              96

              
                

            

            (ii)  an incumbency certificate, executed by the Secretary or Assistant Secretary (or other appropriate officer, manager or
              director) of such Subsidiary, which shall identify by name and title and bear the signature of the officers or other representatives of such Subsidiary authorized to request Borrowings hereunder and sign the Borrowing Subsidiary Agreement and
              the other Loan Documents to which such Subsidiary is becoming a party, upon which certificate the Administrative Agent and the Lenders shall be entitled to rely until informed of any change in writing by the Company or such Subsidiary;

            

            

            (iii)  opinions of counsel to such Subsidiary (which may include inside counsel to such Subsidiary for certain matters), in form
              and substance reasonably satisfactory to the Administrative Agent and its counsel, with respect to the laws of its jurisdiction of organization and such other matters as are reasonably requested by counsel to the Administrative Agent and
              addressed to the Administrative Agent and the Lenders;

            

            

            (iv)  any promissory notes requested by any Lender, and any other instruments and documents reasonably requested by the
              Administrative Agent or any Lender (including in connection with the Patriot Act and the Beneficial Ownership Regulation); and

            

            

            (v)  any documentation and other information related to such Subsidiary reasonably requested by the Administrative Agent or any
              Lender under applicable “know your customer” or similar rules and regulations, including the Patriot Act (which documentation and information shall be subject to the approval (such approval not to be unreasonably withheld, conditioned or
              delayed) of each of the Revolving Lenders); and

            

            

            (b)  In the event a Subsidiary Borrower is organized under the laws of Germany, (i) the following constitutional documents of
              such Subsidiary Borrower (and, if applicable, its general partner): an electronic commercial register excerpt (not older than two (2) Business Days), articles of association (certified by the competent commercial register), shareholders’ list
              (certified by the competent commercial register) and any by-laws, if applicable and (ii) a copy of a resolution of the shareholders’/partners’ and/or, if required by law or customary for such Subsidiary Borrower, resolutions of the management
              and/or supervisory board of such Subsidiary Borrower, partner’s/other competent corporate body’s (as applicable) meeting of each such Subsidiary Borrower approving the terms of, and the transactions contemplated by, the Borrowing Subsidiary
              Agreement, this Agreement and any other Loan Documents to which such Subsidiary Borrower is becoming a party and such documents and certificates as the Administrative Agent or its counsel may reasonably request and resolving that such
              Subsidiary executes any such documents to which it is a party.

            

            

            (c)  in the event a Subsidiary Borrower is organized under the laws of Germany, the Company and the Administrative Agent shall
              not have received written notice (which notice remains in effect and has not been withdrawn by such Lender) from any Lender that such Lender is prohibited by law (including by virtue of not holding any necessary license) from lending to,
              establishing credit for the account of and/or doing business with such Subsidiary Borrower (and any such Lender that does provide such notice shall provide a reasonable explanation of any such prohibition and an estimate of the anticipated
              duration of the prohibition).

            

            

            
              97

              
                

            

            ARTICLE V

            

            

            

            AFFIRMATIVE COVENANTS

            

            

            Until the Commitments have expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder shall have been paid in full and all Letters of Credit
              shall have expired, terminated, been collateralized or otherwise been covered by a letter of credit as permitted herein and all LC Disbursements shall have been reimbursed, the Company covenants and agrees with the Lenders that:

            

            

            SECTION 5.01.  Information.  The Company shall deliver to the Administrative Agent for distribution to the Lenders:

            

            

            (a)  within 90 days after the close of each of its Fiscal Years, an audit report (without a “going concern” or like qualification or exception and
              without any qualification or exception as to the scope of such audit) certified by PricewaterhouseCoopers LLP or another nationally recognized independent certified public accounting firm, prepared in accordance with Agreement Accounting
              Principles on a consolidated basis for itself and its Subsidiaries, including balance sheets as of the end of such period, related profit and loss and reconciliation of surplus statements, and a statement of cash flows, provided that such
              report may include references (excluding formal qualifications) regarding audits performed by other auditors as contemplated by AU Section 543, Part of Audit Performed by Other Independent Auditors
              (or any successor or similar standard under Agreement Accounting Principles);

            

            

            (b)  within 45 days after the close of the first three quarterly periods of each of its Fiscal Years, for itself and its Subsidiaries, consolidated
              unaudited balance sheets as at the close of each such period and consolidated profit and loss statements and a statement of cash flows for the period from the beginning of such Fiscal Year to the end of such quarter, all certified by an
              Authorized Officer;

            

            

            (c)  within 90 days after the close of each of its Fiscal Years and within 45 days after the close of the first three quarterly periods of each of
              its Fiscal Years, a certificate in the form of Exhibit I attached hereto of an Authorized Officer of the Company (i) setting forth in reasonable detail the calculations required to establish whether the Company was in compliance with
              the requirements of Section 6.07 on the date of such financial statements and (ii) stating whether any Default or Event of Default exists on the date of such certificate and, if any Default or Event of Default then exists, setting
              forth the details thereof and the action which the Company is taking or proposes to take with respect thereto (and in addition to the foregoing certificate, the Company shall, if Additional Covenants or Additional Defaults are included in, or
              otherwise in effect under, the Senior Note Documents, concurrently deliver to the Administrative Agent for distribution to the Lenders a copy of each compliance certificate delivered to the investors under the Senior Note Purchase Agreement
              to the extent related to confirming compliance or non-compliance with such Additional Covenants or Additional Defaults);

            

            

            (d)  within five Business Days after the Company becomes aware of the occurrence of any Default or Event of Default or of the occurrence of any
              other development, financial or otherwise, that could reasonably be expected to have a Material Adverse Effect, a certificate of an Authorized Officer of the Company setting forth the details thereof and the action which the Company is taking
              or proposes to take with respect thereto;

            

            

            (e)  promptly after becoming aware thereof, notice of the occurrence of any ERISA Event that, alone or together with any other ERISA Events that
              have occurred, could reasonably be expected to have a Material Adverse Effect;

            

            

            
              98

              
                

            

            (f)  promptly upon the execution and delivery thereof, notice of any waiver, consent, modification or amendment of or to the Senior Note Purchase
              Agreement, together with a copy of the documentation evidencing the foregoing;

            

            

            (g)  promptly after their delivery to any Senior Note Holders, such projections delivered to any of the Senior Note Holders or their representatives
              pursuant to any Senior Note Purchase Document;

            

            

            (h)  promptly upon receipt thereof, any notice of default received from any Senior Note Holder or agent or trustee therefor; and

            

            

            (i)  such other information (including non‐financial information, such as information necessary to conduct flood due diligence and flood insurance
              compliance and information required under applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act and the Beneficial Ownership Regulation) as the Administrative Agent or any Lender may from
              time to time reasonably request (it being understood and agreed that neither the Company nor any of its Subsidiaries shall be required to disclose or discuss, or permit the inspection, examination or making of extracts of, any records, books,
              information or account or other matter (1) in respect of which disclosure to the Administrative Agent, any Lender or their representatives is then prohibited by applicable law or any agreement binding on the Company or its Subsidiaries; (2)
              that is protected from disclosure by the attorney-client privilege or the attorney work product privilege or (3) constitutes non-financial trade secrets or non-financial proprietary information).

            

            

            Notwithstanding the above, (i) if any report or other information required under this Section 5.01 is due on a day that is not a Business Day, then such report or other information
              shall be required to be delivered on the first day after such day that is a Business Day, and (ii) documents required to be delivered pursuant to Section 5.01(a) or (b) may be delivered electronically and if so delivered,
              shall be deemed to have been delivered on the date on which (x) such financial statements are filed for public availability on the SEC’s Electronic Data Gathering and Retrieval System (or any successor thereto) or (y) the Company notifies
              (which may be by facsimile or electronic mail) the Administrative Agent that such financial statements have been posted at a site (the address of which shall be contained in such notice) on the world wide web, which site is accessible by the
              Administrative Agent and the Lenders through a widely held nationally recognized web browser, from which such financial statements may be readily viewed and printed.  The Administrative Agent shall have no obligation to request the delivery
              or to maintain copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by the Company with any request for delivery, and each Lender shall be solely responsible for requesting delivery to
              it or maintaining its copies of such documents.

            

            

            SECTION 5.02.  Inspection of Property, Books and Records.  The Company will maintain and will cause each Subsidiary to maintain proper books
              of record and account, in which full, true and correct entries sufficient to prepare financial statements in conformity with Agreement Accounting Principles, or applicable accounting procedures related to Foreign Subsidiaries, shall be made
              of all financial transactions and matters involving the assets and business of the Company and such Subsidiary.  The Company will permit, and will cause each Borrower, Guarantor and Significant Subsidiary to permit, representatives and
              independent contractors of the Administrative Agent and representatives of any Lender to visit and inspect any of their respective properties, to examine their respective organizational, financial and operating records, and make copies
              thereof or abstracts therefrom, and to discuss their respective affairs, finances and accounts with their respective directors, officers, and, in the presence of the Company if the Company shall so request, independent public accountants, all
              at the expense of such Lender or, if applicable, the Administrative Agent and at such reasonable times during normal business hours, upon reasonable advance notice to the Company and on only one occasion during any fiscal year; provided
              that when an Event of Default exists, the Administrative Agent or any Lender may do any of the foregoing at the expense of the Company at any time during normal business hours, as often as may be reasonably desired and without advance notice
              (it being understood and agreed that neither the Company nor any of its Subsidiaries shall be required to disclose or discuss, or permit the inspection, examination or making of extracts of, any records, books, information or account or other
              matter (1) in respect of which disclosure to the Administrative Agent, any Lender or their representatives is then prohibited by applicable law or any agreement binding on the Company or its Subsidiaries; (2) that is protected from disclosure
              by the attorney-client privilege or the attorney work product privilege or (3) constitutes non-financial trade secrets or non-financial proprietary information).

            

            

            
              99

              
                

            

            
              
                SECTION 5.03.  Maintenance of Existence.  Except for transactions permitted by Section 6.06, the Company will, and will cause
                  each other Borrower and each Significant Subsidiary to, remain duly incorporated or organized, validly existing and (to the extent such concept applies to such entity) in good standing as a corporation or (in the case of such other
                  Borrowers and Significant Subsidiaries) other form of organization in its jurisdiction of incorporation or organization and maintain all requisite authority to conduct its business in each jurisdiction in which its business is conducted.
                  The Company will cause (i) each other Borrower and each Significant Subsidiary incorporated or organized in an EU jurisdiction to cause its centre of main interest (as that term is used in Article 3(1) of the Insolvency Regulation) to be
                  situated solely in its jurisdiction of incorporation and not to have an establishment (as that term is used in Article 2(10) of the Insolvency Regulation) situated outside its jurisdiction of incorporation or organization and (ii) each
                  other Borrower and each Significant Subsidiary incorporated in England and Wales to cause its centre of main interest (as that term is used in Article 3(1) of the Insolvency Regulation) to be situated solely in England and Wales and not
                  to have an establishment (as that term is used in Article 2(10) of the Insolvency Regulation) situated outside its jurisdiction of incorporation.

                 

                SECTION 5.04.  Use of Proceeds.  Each Borrower will use the proceeds of the Credit Events in accordance with Section 3.21.  No
                  portion of the proceeds of the Credit Events will be used by the Company, directly or indirectly, for the purpose, whether immediate, incidental or ultimate, of purchasing or carrying any “margin stock” (as defined in Regulation U) in
                  violation of Regulation U, or for any other purpose in violation of any Regulations of the Board (including Regulations T, U and X).  None of the funds or assets of the Borrowers that are used to pay any amount due pursuant to the Credit
                  Events shall constitute funds obtained from transactions with or relating to Designated Persons or Sanctioned Countries in any manner that would violate Sanctions or any other applicable laws, regulations, rules, orders and restrictions
                  of any domestic or foreign government or any instrumentality or agency thereof.  The Borrowers will not request any Credit Event, and the Borrowers shall not use, and shall procure that its Subsidiaries and its or their respective
                  directors, officers, employees and agents shall not use, the proceeds of any Credit Event (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any
                  Person in violation of any Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person or in any Sanctioned Country, in each case, except such
                  activities, business or transactions as are permissible for a Person required to comply with Sanctions, or (C) in any other manner that would result in the violation of any Sanctions applicable to any party hereto.  The covenants in the
                  last sentence of this Section 5.04 shall not be made by any German Borrower insofar as they would violate or expose any German Borrower or any of its Subsidiaries or any director, officer or employee thereof to any liability under
                  any anti-boycott or blocking law, regulation or statute that is in force from time to time and applicable to such entity (including without limitation EU Regulation (EC) 2271/96 and Section 7 of the German Foreign Trade Ordinance
                  (Verordnung zur Durchführung des Außenwirtschaftsgesetzes (Außenwirtschaftsverordnung – AWV)).  The covenants in the last sentence of this Section 5.04 given by any Borrower to any Lender
                  that qualifies as a resident party domiciled in Germany (Inländer) within the meaning of Section 2 paragraph 15 German Foreign Trade Act (Außenwirtschaftsgesetz)
                  are made only to the extent that any Lender domiciled in Germany (Inländer) within the meaning of Section 2 paragraph 15 German Foreign Trade Act (Außenwirtschaftsgesetz)
                  would be permitted to make such undertakings pursuant to EU Regulation (EC) 2271/96 and Section 7 of the German Foreign Trade Ordinance (Verordnung zur Durchführung des Außenwirtschaftsgesetzes (Außenwirtschaftsverordnung

                    – AWV).

                 

                

                
                  100

                  
                    

                

                SECTION 5.05.  Compliance with Laws; Payment of Taxes and Other Claims.  The Company will, and will cause each Subsidiary to, comply with
                  all laws, rules, regulations, orders, writs, judgments, injunctions, decrees or awards to which it may be subject including, without limitation, all Environmental Laws, except where the failure to do so would not have a Material Adverse
                  Effect.  Without limitation of the foregoing, the Company will, and will cause each of its Subsidiaries to, not be a Person described in Section 1 of the Anti-Terrorism Order, and not engage in any dealings or transactions, or otherwise
                  be associated, with any such Person, in each case in violation of Sanctions, and will maintain in effect and enforce policies and procedures designed to promote and achieve compliance in all material respects by the Company, its
                  Subsidiaries and their respective directors, officers, employees and agents with  Anti-Corruption Laws and applicable Sanctions.  The Company will, and will cause each of its Subsidiaries to, (x) timely file complete and correct United
                  States federal and applicable foreign, state and local tax returns required by law and pay when due all Taxes and Tax liabilities payable by it or with respect to its income, profits or Property and (y) pay when due all claims for labor,
                  supplies, rent and other obligations which, if unpaid, might become a lien against the property of the Company or any Subsidiary; except (a) those which are being contested in good faith by appropriate action and with respect to which
                  adequate reserves have been set aside in accordance with Agreement Accounting Principles and/or (b) where the failure to so file or pay could not reasonably be expected to result in a Material Adverse Effect.

                 

                SECTION 5.06.  Insurance.  The Company will maintain, and will cause each Subsidiary to maintain, with financially sound and reputable
                  independent insurers (except to the extent that any insurance company insuring the Property of the Company and each Subsidiary ceases to be financially sound and reputable after the Effective Date, in which case, the Company shall
                  promptly replace such insurance company with a financially sound and reputable insurance company), insurance with respect to its Property and business against loss or damage of the kinds customarily insured against by Persons engaged in
                  the same or similar business, of such types and in such amounts as are customarily carried under similar circumstances by such other Persons, except to the extent that the failure to do so could not reasonably be expected to result in a
                  Material Adverse Effect; provided that the Company and its Subsidiaries may self-insure against such risks and in such amounts customary in the industry of the Company and its Subsidiaries.  With respect to each Mortgaged Property
                  that is located in an area identified by the Federal Emergency Management Agency (or any successor agency) as a “special flood hazard area” with respect to which flood insurance has been made available under Flood Insurance Laws, the
                  applicable Loan Party (A) has obtained and will maintain, with financially sound and reputable insurance companies (except to the extent that any insurance company insuring the Property of the Company and each Subsidiary ceases to be
                  financially sound and reputable after the Effective Date, in which case, the Company shall promptly replace such insurance company with a financially sound and reputable insurance company), such flood insurance in such reasonable total
                  amount as the Collateral Agent and the Impacted Lender may from time to time reasonably require, and otherwise sufficient to comply with all applicable rules and regulations promulgated pursuant to the Flood Insurance Laws and (B)
                  promptly upon request of the Collateral Agent or the Impacted Lender, will deliver to the Collateral Agent or the Impacted Lender, as applicable, evidence of such compliance in form and substance reasonably acceptable to the Collateral
                  Agent and the Impacted Lender, including, without limitation, evidence of annual renewals of such insurance.

                 

                
                  101

                  
                    

                

                SECTION 5.07.  Change in Fiscal Year.  The Company will not change its Fiscal Year (including any of its Fiscal Quarters) without (a)
                  providing the Lenders with prior written notice of such change; and (b) executing and delivering to the Lenders, prior to such change, such amendments to this Agreement and the other Loan Documents as the Required Lenders may reasonably
                  deem necessary and appropriate as a result of such change in Fiscal Year.

                 

                SECTION 5.08.  Maintenance of Property.  The Company will, and will cause each Subsidiary to, maintain all of its Property and assets in
                  good condition, repair and working order (ordinary wear and tear excepted), and make all necessary and proper repairs, renewals and replacements so that its business carried on in connection therewith may be properly conducted at all
                  times, except, in each case, to the extent the failure to do so could not reasonably be expected to result in a Material Adverse Effect.

                 

                SECTION 5.09.  Guarantees.

                

                

                (a)   The Company will cause (i) each Subsidiary that delivers a guarantee, or otherwise, directly or indirectly,  incurs a Contingent Obligation, in
                  respect of obligations under the Senior Note Purchase Documents, or otherwise becomes liable as a borrower, co-borrower or other obligor under the Senior Note Purchase Documents, to concurrently execute and deliver to the Administrative
                  Agent a Guaranty with respect to the Secured Obligations and (ii) each Material Domestic Subsidiary to execute and deliver to the Administrative Agent a Guaranty with respect to all Secured Obligations.  The Company will cause each
                  Subsidiary of any Foreign Subsidiary Borrower, other than Modine Holding GmbH, that delivers a guarantee, or otherwise incurs a Contingent Obligation, to any Person (other than to another Subsidiary or the Company) in respect of any
                  Material Indebtedness to concurrently execute and deliver to the Administrative Agent a Guaranty with respect to all Secured Obligations of such Foreign Subsidiary Borrower, if requested by the Administrative Agent and subject to the
                  exceptions set forth in Section 5.09(d), solely to the extent that (i) such Subsidiary is legally permitted to do so, (ii) such Subsidiary is not rendered insolvent by such Guaranty, (iii) such Guaranty will not result in adverse
                  tax consequences or a default under any other agreement of the Company or its Subsidiaries, (iv) the cost of obtaining such Guaranty justifies the benefits to the Lenders from obtaining such Guaranty as reasonably determined by the
                  Administrative Agent, (v) the Company and the Administrative Agent do not otherwise determine to exclude such Subsidiary from this Guaranty requirement and (vi) such Guaranty is not prohibited, impractical or disproportionately expensive
                  under applicable law or the applicable joint venture agreement for any Foreign Subsidiary that is a joint venture.  Notwithstanding any provision of this Agreement to the contrary, no Excluded Subsidiary shall be required to deliver a
                  Guaranty pursuant to this Section 5.09.  If the foregoing clause (ii) requires the addition of one or more Domestic Subsidiaries as Guarantors based on assets as of the end of a fiscal quarter and/or revenues during the period of
                  four fiscal quarters ended as of the end of a fiscal quarter, then the addition of such Domestic Subsidiary or Domestic Subsidiaries as a Guarantor or Guarantors shall be consummated on or prior to the date upon which the Company’s
                  delivery of financial statements under Section 5.01 after the end of such fiscal quarter is due.

                 

                (b)   The Company will cause each Subsidiary required to deliver a Guaranty hereunder to also deliver, together with the delivery of such Guaranty,
                  such other documents, opinions and information as the Administrative Agent may reasonably require regarding such Subsidiary and the enforceability of such Guaranty.

                 

                (c)   Without limiting any other right to release provided by this Agreement or any other Loan Document, the Collateral Agent shall, and the Lenders
                  hereby authorize the Collateral Agent to, discharge and release any Subsidiary from a Guaranty to which it is a party pursuant to the written request of the Company; provided that (i) such Guarantor has been, or is being
                  simultaneously, released and discharged as an obligor and guarantor under and in respect of all Material Indebtedness (or is otherwise not an obligor or guarantor with respect to any Material Indebtedness) and the Company so certifies to
                  the Lenders in a certificate which accompanies such request for release and discharge, (ii) such Guaranty is not required under Section 5.09(a) and (iii) at the time of such release and discharge, the Company shall deliver a
                  certificate to the Collateral Agent the effect that no Default or Event of Default exists.

                 

                
                  102

                  
                    

                

                (d)   Notwithstanding the foregoing, the Company shall not be obligated to cause certain Foreign Subsidiaries to deliver the Guaranties required
                  under this Section 5.09 or cause the pledge of the Capital Stock of certain Foreign Subsidiaries to the extent that all such Subsidiaries (other than Excluded Subsidiaries) that have not delivered the Guaranties required under
                  this Section 5.09 and all such Foreign Subsidiaries (excluding all Foreign Subsidiaries organized under the laws of India or China) that do not have 65% or more of their Capital Stock pledged under Section 5.11(a)(i) would
                  not constitute a Significant Subsidiary as of the end of any Fiscal Year if considered as one Subsidiary.

                 

                SECTION 5.10.  Most Favored Lender Status.  If the Company enters into, assumes or otherwise is or becomes bound or obligated under, or
                  amends, restates or otherwise modifies, any agreement creating or evidencing any Material Indebtedness of the Company, or any refinancing or extension of all or any portion thereof (including without limitation all Senior Note Purchase
                  Documents in existence on the date hereof and as amended, restated, supplemented, modified or replaced from time to time), to include one or more Additional Covenants or Additional Defaults, or if the Company is otherwise bound by any
                  Additional Covenants and/or Additional Defaults (including, without limitation, under the Senior Note Purchase Documents), the terms of this Agreement shall, without any further action on the part of the Company or any of the Lenders, be
                  deemed to be amended automatically and immediately to include each Additional Covenant and each Additional Default contained in such agreement and including such notice, grace or cure periods as are applicable to such Additional Covenant
                  or Additional Default under such agreements; provided that such Additional Covenants and Additional Defaults shall automatically and immediately be deemed to be modified or cease to apply, as applicable, as and when the applicable
                  provisions of such Material Indebtedness originally giving rise to such Additional Covenants or Additional Defaults, as applicable, are modified or cease to apply (including, without limitation, as a result of the repayment in full and
                  irrevocable termination of such Indebtedness), it being understood that (x) any Default or Event of Default existing hereunder in respect of such an Additional Covenant or Additional Default at the time of such modification or cessation
                  shall survive such modification or cessation until cured or waived in accordance with the provisions of this Agreement and (y) for the avoidance of doubt, the foregoing proviso shall not be deemed to cause the cessation of application of
                  any covenant, restriction or default expressly set forth in this Agreement.  The Company further covenants to promptly execute and deliver at its expense (including the reasonable fees and expenses of one counsel for the Administrative
                  Agent) an amendment to this Agreement in form and substance reasonably satisfactory to the Required Lenders evidencing the amendment of this Agreement to include or exclude (as the case may be) such Additional Covenants and Additional
                  Defaults, provided that the execution and delivery of such amendment shall not be a precondition to the effectiveness of such amendment as provided for in this Section 5.10, but shall merely be for the convenience of the parties
                  hereto.

                

                

                SECTION 5.11.  Collateral Security; Further Assurances.

                 

                (a)  To secure the payment when due of the Secured Obligations (subject to the Intercreditor Agreement), the Company shall execute and deliver, or
                  cause to be executed and delivered, to the Collateral Agent, Collateral Documents granting or providing for the following:

                 

                
                  103

                  
                    

                

                 (i)   Security Agreements granting a legal, valid and enforceable Lien, subject to the Liens permitted by this Agreement and
                  subject to the Intercreditor Agreement, on all collateral under and as defined in the Collateral Documents, subject to any exclusions described in the Intercreditor Agreement, the applicable Collateral Documents or otherwise approved by
                  the Administrative Agent.  Notwithstanding the foregoing, with respect to Liens granted by the Company or any such Guarantor on the Capital Stock of any Foreign Subsidiary such Lien (i) shall not exceed 65% (or, following the request
                  therefor by the Administrative Agent, such greater percentage that due to a change in an applicable law after the date hereof, (1) could not reasonably be expected to cause the undistributed earnings of such Foreign Subsidiary as
                  determined for U.S. federal income tax purposes to be treated as a deemed dividend to such Foreign Subsidiary’s U.S. parent and (2) could not reasonably be expected to cause any adverse tax consequences) of the issued and outstanding
                  shares of each class of Capital Stock in each Foreign Subsidiary directly owned by the Company or any such Guarantor, (ii) shall be subject to the terms of Section 5.09(d), and (iii) shall not be required with respect to the
                  Capital Stock of any Foreign Subsidiary organized under the laws of India or China.

                

                

                (ii)   Mortgages (accompanied by Mortgage Instruments in respect thereof) granting a Lien on all present and future real
                  property with a fair market value of $7,500,000 or more of the Company and of each Guarantor that is a Domestic Subsidiary to the extent such Liens are required by or on behalf of the Collateral Agent, the Required Lenders or any Senior
                  Note Holder (it being understood and agreed, for the avoidance of doubt, that Mortgages in effect prior to the Effective Date shall not be released or terminated as a result of any real property encumbered by any such mortgage having a
                  fair market value less than $7,500,000).  Schedule 5.11 lists the Mortgaged Properties as of the Effective Date.

                 

                (iii)  Security interests in any other Collateral required under the Senior Note Purchase Documents.

                 

                (b)   As a condition to approval of any Foreign Subsidiary Borrower (other than Modine Holding GmbH), the Collateral Agent may require such Foreign
                  Subsidiary Borrower and each Foreign Subsidiary required to be a Guarantor with respect to such Foreign Subsidiary Borrower to execute and deliver, or cause to be executed and delivered, Collateral Documents reasonably requested by the
                  Collateral Agent from each such Foreign Subsidiary Borrower and each of such Guarantors, granting a legal, valid and enforceable Lien, subject to the Liens permitted by this Agreement and securing the Obligations owing by such Foreign
                  Subsidiary Borrower, on all collateral under and as defined in the Collateral Documents, subject to any exclusions described in the Intercreditor Agreement, the applicable Collateral Documents or otherwise approved by the Administrative
                  Agent.

                 

                
                  104

                  
                    

                

                (c)   On or before the Effective Date or such later date as may be agreed to by the Collateral Agent (provided that the Company shall use
                  commercially reasonable efforts to complete such Collateral Documents as soon as practical, including without limitation such matters with respect to the existing pledges of 65% of the Capital Stock of Foreign Subsidiaries), the Company
                  shall cause all Collateral Documents as reasonably requested by the Collateral Agent, in each case duly executed and delivered on behalf of the Company and the Guarantors, as the case may be, granting to the Collateral Agent, for the
                  benefit of the Secured Parties, the support specified in this Section 5.11, together with: (v) such resolutions, certificates, Mortgage Instruments and opinions of counsel as are reasonably requested by the Collateral Agent; (w)
                  the recordation, filing and other action (including payment of any applicable taxes or fees) in such jurisdictions as the Collateral Agent may deem necessary or appropriate with respect to the Collateral Documents, including the filing of
                  financing statements, Mortgages and other filings which the Collateral Agent may deem necessary or appropriate to create, preserve or perfect the Liens granted to the Collateral Agent thereunder, together with UCC record searches and
                  other Lien searches in such offices as the Collateral Agent may reasonably request; (x) evidence that the casualty and other insurance (including, without limitation, flood insurance) required pursuant to the Loan Documents is in full
                  force and effect; (y) originals of all instruments and certificates representing all of the outstanding shares of Capital Stock and other securities and instruments required to be pledged thereunder, with appropriate stock powers,
                  endorsements and other powers duly executed in blank; and (z) such other evidence that Liens, subject to the Intercreditor Agreement and Liens permitted under this Agreement, in the Collateral shall have been created and perfected as
                  required and the satisfaction of all other conditions in connection with the Collateral and the Collateral Documents as reasonably requested by the Collateral Agent, including without limitation all opinions of counsel, title work,
                  surveys, environmental reports and other documents and requirements reasonably requested by the Collateral Agent, provided that it is acknowledged that the Collateral Agent is not requiring mortgagee title insurance, new surveys or new
                  environmental reports in respect of any Mortgaged Property existing prior to the Effective Date.  Notwithstanding the foregoing, the Collateral Agent shall not enter into any Mortgage in respect of any real property acquired by the
                  Company or any Loan Party after the Effective Date until (1) the date that occurs fourteen (14) days after the Collateral Agent has delivered to the Lenders (which may be delivered electronically on an Approved Electronic Platform) the
                  following documents in respect of such real property: (i) a completed flood hazard determination from a third party vendor; (ii) if such real property is located in a “special flood hazard area”, (A) a notification to the Company of that
                  fact and (if applicable) notification to the Company that flood insurance coverage is not available and (B) evidence of the receipt by the Company of such notice; and (iii) if such notice is required to be provided to the Company and
                  flood insurance is available in the community in which such real property is located, evidence of required flood insurance and (2) the Collateral Agent shall have received written confirmation from the Impacted Lender that flood insurance
                  due diligence and flood insurance compliance has been completed by the Impacted Lender (such written confirmation not to be unreasonably conditioned, withheld or delayed). Notwithstanding the foregoing or any other provision of this
                  Agreement to the contrary, (i) no Mortgages (or any amendments or other modifications to any existing Mortgages) or Mortgage Instruments are required to be delivered hereunder until the date that is one hundred twenty (120) days after the
                  Effective Date or such later date as the Collateral Agent may agree in the exercise of its reasonable discretion with respect thereto, (ii) no pledge agreement in respect of the Capital Stock (or other security agreement in respect of any
                  asset) of a Foreign Subsidiary (or any amendments or other modifications to any such existing pledge agreement) shall be required hereunder until the date that is one hundred twenty (120) days after the Effective Date or such later date
                  as the Administrative Agent may agree in the exercise of its reasonable discretion with respect thereto and (iii) the Collateral Agent may elect to not pursue Mortgages with respect to particular real estate where the Collateral Agent
                  reasonably determines, in consultation with the Company, that obtaining such Mortgages cannot reasonably be accomplished without undue effort or expense or is otherwise impracticable in light of the value of such real estate or such real
                  estate is located in a “special flood hazard area”.

                 

                (d)   The Company agrees that it will promptly notify the Collateral Agent of the formation, acquisition or existence of any Subsidiary that is
                  required to be a Guarantor or the acquisition of any assets on which a Lien is required to be granted and that is not covered by existing Collateral Documents.  The Company agrees that it will execute and deliver, and cause each Guarantor
                  to execute and deliver, promptly upon the request of the Collateral Agent, such additional Collateral Documents, Guaranties and other agreements, documents and instruments, each in form and substance reasonably satisfactory to the
                  Collateral Agent (and in any event not inconsistent with this Agreement), sufficient to grant the Guaranties and Liens contemplated by this Agreement and the Collateral Documents.

                 

                (e)    Notwithstanding any provision hereof to the contrary, (i) in no event shall the Company or any of its Subsidiaries be required to pledge all
                  or any portion of the Capital Stock of any Excluded Subsidiary as collateral in connection with the credit facilities contemplated by this Agreement (other than 65% of the voting Capital Stock of a FSHCO), and (ii) in no event shall any
                  Foreign Subsidiary that is a CFC be required to pledge all or any portion of the Capital Stock of any other Foreign Subsidiary as collateral to secure any Secured Obligations of the Company or any Domestic Subsidiary.

                 

                
                  105

                  
                    

                

                SECTION 5.12.  Dutch Fiscal Unity.  The Company shall ensure that any fiscal unity (fiscale eenheid)
                  for Dutch corporate income tax (vennootschapsbelasting) or Dutch VAT (omzetbelasting) purposes in which a Loan Party is included, if any, shall consist of
                  Loan Parties only, unless with the prior written consent of the Administrative Agent.

                 

                SECTION 5.13.  Dutch Fiscal Unity Termination.  The Company shall ensure that if, at any time, a Loan Party is a member of a fiscal unity
                  (fiscale eenheid) for Dutch corporate income tax (vennootschapsbelasting) purposes and such fiscal unity is, in respect of that Loan Party, terminated (verbroken) or disrupted (beëindigd) as a result of or in connection with the Collateral Agent enforcing its rights under any Collateral Document, such Loan
                  Party shall, at the request of the Administrative Agent and together with the parent company (moedermaatschappij) or deemed parent company (aangewezen
                    moedermaatschappij) of that fiscal unity, for no consideration and as soon as reasonably practicable, lodge a request with the relevant Governmental Authority to allocate and surrender any tax losses (within the meaning of
                  Article 20 of the Dutch Corporate Income Tax Act (Wet op de vennootschapsbelasting 1969)) to the Loan Party leaving that fiscal unity insofar such tax losses are attributable (toerekenbaar) to the Loan Party leaving that fiscal unity (within the meaning of Article 15af of the Dutch Corporate Income Tax Act (Wet op de vennootschapsbelasting
                    1969)).

                

                

                ARTICLE VI

                

                 

                NEGATIVE COVENANTS

                 

                Until the Commitments have expired or terminated and the principal of and interest on each Loan and all fees  payable hereunder have been paid in full and all Letters of Credit have
                  expired, terminated, been collateralized or otherwise been covered by a letter of credit as permitted herein and all LC Disbursements shall have been reimbursed, the Company covenants and agrees with the Lenders that:

                 

                SECTION 6.01.  Restricted Payments.  The Company will not issue any Disqualified Stock.  The Company will not, nor will it permit any
                  Subsidiary to, declare or make any Restricted Payment, except:

                 

                (a)    the Company may declare and pay dividends with respect to its Capital Stock payable solely in additional shares of its common stock or in
                  rights or options to acquire such common stock;

                 

                (b)  Subsidiaries may declare and make Restricted Payments to the Company and to Subsidiaries of the Company (provided, that Restricted Payments made
                  by a non-Wholly-Owned Subsidiary must be made on a pro rata basis (or more favorable basis from the perspective of the Company or the Subsidiary which is the parent of such Subsidiary) based on its ownership interests in such
                  non-Wholly-Owned Subsidiary);

                 

                (c)   Restricted Payments may be made to purchase or redeem the Capital Stock of the Company (including related stock appreciation rights or similar
                  securities) held by present or former directors, consultants, officers or employees of the Company or any Subsidiaries upon any such Person’s death, disability, retirement or termination of employment or under the terms of any benefit
                  plan or any other agreement under which such shares of stock or related rights were issued; provided, that the aggregate amount of such purchases or redemptions under this clause (c) shall not exceed in any calendar year
                  $2,500,000 (with unused amounts in any period permitted to be carried over to succeeding periods until used in full; provided, that the total amount of such purchases or redemptions under this clause (c) in any calendar
                  year shall not exceed $5,000,000) plus (i) the amount of net proceeds contributed to the Company that were received by the Company during such calendar year from sales of the Company’s Capital Stock (but not including any Disqualified
                  Stock) to directors, consultants, officers or employees of the Company or any Subsidiaries in connection with permitted compensation and incentive arrangements, and (ii) the amount of net proceeds of any key-man life insurance policies
                  received during such calendar year, which, if not used in any year, may be carried forward to any subsequent calendar year; and provided, further, that cancellation of Indebtedness owing to the Company or any Subsidiaries
                  from present or former directors, consultants, officers or employees in connection with a repurchase of Capital Stock of the Company will not be deemed to constitute a Restricted Payment for purposes of this Section 6.01;

                 

                
                  106

                  
                    

                

                (d)   non-cash repurchases of Capital Stock deemed to occur upon the exercise or settlement of stock options, stock appreciation rights, restricted
                  stock units, warrants or other convertible or exchangeable securities or other Capital Stock if such Capital Stock represents a portion of the exercise price of, or withholding obligation with respect to, such options, stock appreciation
                  rights, restricted stock units, warrants or other convertible or exchangeable securities or other Capital Stock;

                 

                (e)   Restricted Payments to make payments, in cash, in lieu of the issuance of fractional shares, upon the exercise of warrants or upon the
                  conversion or exchange of Capital Stock of any such Person;

                 

                (f)    withholding tax payments made on behalf of present or former directors, consultants, officers or employees in connection with the exercise by
                  such Persons of stock options or other rights to purchase Capital Stock or the vesting of restricted Capital Stock (including any repurchase of restricted Capital Stock representing the holder’s tax liability in connection with the
                  vesting thereof);

                 

                (g)   the Company and its Subsidiaries may make any other Restricted Payment so long as (i) no Default or Event of
                    Default has occurred and is continuing immediately prior to making such Restricted Payment or would arise upon giving effect (including pro forma effect) thereto and (ii) the aggregate amount of all Restricted Payments under this clause (g) during any Fiscal Year shall not exceed, in the aggregate, the following amounts:

                 

                	 	
                        If the Leverage Ratio

                      	 	
                        Aggregate Amount of Restricted

                        Payments for such Fiscal Year

                      
	 	
                        is greater than or equal to

                        3.00 to 1.00

                         

                      	 	
                         

                        $20,000,000

                      
	 	
                        is less than

                        3.00 to 1.00

                         

                      	 	
                         

                        No Limit

                      

                

                

                In determining whether Restricted Payments may be made at any time, the Leverage Ratio shall be determined as of the most recently ended Fiscal Quarter of the
                  Company (after giving pro forma effect to such Restricted Payments).  Notwithstanding the above, if the Leverage Ratio is greater than or equal to 3.00 to 1.00 as of the end of any Fiscal Year and the aggregate amount of Restricted
                  Payments exceeded the limit set forth above for a Fiscal Year as to which the Leverage Ratio is greater than or equal to 3.00 to 1.00, then the amount of permitted Restricted Payments for the subsequent Fiscal Year (but not for any Fiscal
                  Year after such subsequent Fiscal Year) shall be reduced by such excess, provided that such amount shall not be reduced to less than $1,000,000.

                 

                

                
                  107

                  
                    

                

                Notwithstanding anything in this Agreement to the contrary, the foregoing provisions of this Section 6.01 will not prohibit any Restricted Payment within sixty (60) days after
                  the date of declaration thereof or the giving of notice with respect thereto, as applicable, if at the date of declaration or the giving of such notice such Restricted Payment would have complied with the provisions of this Section
                    6.01 (it being understood that such Restricted Payment shall be deemed to have been made on the date of declaration or notice for purposes of such provision).

                

                

                SECTION 6.02.  Loans or Advances. Neither the Company nor any of its Subsidiaries shall make loans or advances to any Person
                  except:

                 

                (a)   deposits required by government agencies or public utilities;

                 

                (b)   loans or advances from any Foreign Subsidiaries to the Company or any Guarantor, provided that such loans and advances are subordinated to all
                  Obligations on customary terms;

                 

                (c)   (i) loans and advances between and among the Company and the Guarantors that are Domestic Subsidiaries and (ii) loans and advances between any
                  Foreign Subsidiary Borrower and the Foreign Subsidiaries that are Guarantors in respect of such Foreign Subsidiary Borrower;

                 

                (d)   loans and advances between members of the Modine Netherlands Consolidated Group;

                 

                (e)   other loans and advances between Foreign Subsidiaries, provided that, if such loans and advances are owing by a Foreign Subsidiary
                  Borrower or any Foreign Subsidiary guaranteeing the Obligations of such Foreign Subsidiary Borrower, then such loans and advances are subordinated to all Obligations owing by such Foreign Subsidiary on customary terms;

                 

                (f)   other loans and advances made in the ordinary course of business or otherwise to facilitate transactions permitted under this Agreement not
                  exceeding the greater of $150,000,000 and 10.0% of the consolidated total assets of the Company and its Subsidiaries (determined as of the last day of the most recent fiscal quarter for which financial
                    statements shall have been delivered pursuant to Section 5.01(a) or Section 5.01(b) (or, prior to the delivery of any such financial statements, the last day of the last fiscal quarter included in the financial statements referred to in Section 3.05(a)) in
                  the aggregate at any time outstanding, provided that (i) not more than $125,000,000 of such $150,000,000/10.0% basket set forth in this clause (f) may be owing by Foreign Subsidiaries that do not have 65% or more of their
                  Capital Stock pledged under Section 5.11(a)(i), and (ii) after giving effect to the making of any such loans or advances no Default or Event of Default shall have occurred and be continuing.  For purposes hereof, Foreign
                  Subsidiaries organized under the laws of India or China shall be deemed to be Foreign Subsidiaries that do not have 65% or more of their Capital Stock pledged under Section 5.11(a)(i);

                 

                (g)   Investments permitted by Section 6.03;

                 

                (h)   loans and advances to officers, directors, employees or consultants of the Company or any Subsidiaries (i) in the ordinary course of business
                  in an aggregate outstanding amount (valued at the time of the making thereof, and without giving effect to any write-downs or write-offs thereof) not to exceed $2,500,000, (ii) in respect of payroll payments and expenses in the ordinary
                  course of business or (iii) in connection with any such Person’s purchase of Capital Stock of the Company; and

                 

                
                  108

                  
                    

                

                (i)    accounts receivable, security deposits and prepayments, trade credit and bank acceptance drafts and similar instruments delivered by
                  customers, in each case, in the ordinary course of business.

                 

                For purposes of determining compliance with this Section 6.02, (A) any loan or advance need not be permitted solely by reference to one category of permitted loans and advances (or any portion
                  thereof), but may be permitted in part under any relevant combination thereof, (B) in the event that any loan or advance (or any portion thereof) meets the criteria of one or more of the categories of permitted loans and advances (or any
                  portion thereof), the Company may, in its sole discretion, classify or divide such loan or advance (or any portion thereof) in any manner that complies with this Section 6.02 and will be entitled to only include the amount and
                  type of such loan or advance (or any portion thereof) in one or more (as relevant) of the above clauses (or any portion thereof) and such loan or advance (or any portion thereof) shall be treated as having been made or existing pursuant
                  to only such clause or clauses (or any portion thereof) and (C) notwithstanding any re-characterization for tax purposes of any loan or advance as equity, such loan or advance shall continue to be treated as a loan or advance.

                

                

                SECTION 6.03.  Investments and Acquisitions.  The Company will not, nor will it permit any Subsidiary to, make or suffer to exist any
                  Investments (including without limitation, loans and advances to, and other Investments in, Subsidiaries), or to make any Acquisition of any Person, except:

                 

                (a)   Cash Equivalent Investments and Investments that were Cash Equivalent Investments when made;

                 

                (b)   (i)(A) Investments by any Borrower or Guarantor in the Company or any Guarantor that is a Domestic Subsidiary, (B) Investments by any Foreign
                  Subsidiary Borrower in any Foreign Subsidiary that is a Guarantor in respect of such Foreign Subsidiary Borrower and (C) Investments by any Foreign Subsidiary that is a Guarantor in the Foreign Subsidiary Borrower with respect to which it
                  is a Guarantor or in any other Foreign Subsidiary that is a Guarantor with respect to such Foreign Subsidiary Borrower, (ii) Investments by any Subsidiary that is neither a Borrower nor a Guarantor in any Borrower or Guarantor or in any
                  other Subsidiary that is neither a Borrower nor a Guarantor, (iii) other intercompany liabilities amongst the Company and any Subsidiaries (or solely amongst the Subsidiaries) in the ordinary course of business in connection with the cash
                  management operations of the Company and any Subsidiaries, and (iv) Investments by any Borrower or any Guarantor in any Subsidiary that is neither a Borrower nor a Guarantor consisting solely of (A) the contribution or other disposition
                  of Capital Stock or Indebtedness of any other Subsidiary that is not a Borrower or Guarantor held directly by any Borrower or Guarantor in exchange for Indebtedness, Capital Stock (or additional share premium or paid in capital in respect
                  of Capital Stock) or a combination thereof of the Subsidiary to which such contribution or other disposition is made, (B) an exchange of Capital Stock of any other Subsidiary that is neither a Borrower nor Guarantor for Indebtedness of
                  such Subsidiary, or (C) transfers of previously made Investments in the form of loans or other Indebtedness of, advances to, purchases of Capital Stock in, or contributions of cash or Cash Equivalent Investments to, any other Subsidiary
                  that is neither a Borrower nor Guarantor; provided, that immediately following the consummation of an Investment pursuant to the preceding clauses (A) or (B), the Subsidiary whose Capital Stock or Indebtedness are the subject of such
                  Investment remains a Subsidiary of the Company;

                 

                (c)   Investments comprised of capital contributions (whether in the form of cash, a note, or other assets) to a Subsidiary or other special-purpose
                  entity created solely to engage in a Qualified Receivables Transaction and to the extent required in connection with such Qualified Receivables Transaction;

                 

                
                  109

                  
                    

                

                (d)   Rate Management Transactions permitted by Section 6.09 and guaranties by the Company and its Subsidiaries of such Rate Management
                  Obligations; provided, that any transaction under any Rate Management Transaction complies with Section 6.09;

                 

                (e)   loans and advances permitted by Section 6.02;

                 

                (f)   the creation of any new Domestic Subsidiaries that become Guarantors and any Investments therein or in any other Domestic Subsidiary that is a
                  Guarantor;

                 

                (g)  the creation of any new Subsidiaries of Modine Netherlands Holding and any Investments therein or in any other member of the Modine Netherlands
                  Consolidated Group, provided that all such Investments are made solely by another member of the Modine Netherlands Consolidated Group;

                 

                (h)   the creation of any other new Foreign Subsidiaries not permitted above and that are not Subsidiaries of Modine Holding GmbH and any Investments
                  therein, provided that all such Investments are otherwise permitted under the terms of Section 6.03(y);

                 

                (i)    Permitted Acquisitions;

                 

                (j)   Investments in Foreign Subsidiaries organized under the laws of the People’s Republic of China (“PRC”) solely to the extent required under any
                  guaranty permitted under Section 6.05 hereof as may be necessary to ensure that the difference between (i) such Subsidiary’s registered capital and (ii) the total investment in such Subsidiary that is approved by the government of
                  the PRC, as stated in the applicable Approval Certificate for Establishment of Enterprises with Foreign Investment in the PRC, is sufficient to cover all sums that the beneficiary of such guaranty is demanding or could demand under such
                  guaranty if such Subsidiary were in default under any of the guaranteed obligations; provided that concurrently with, or from the proceeds of, such Investment, the Company shall cause such Subsidiary to repay in full such guaranteed
                  obligations;

                 

                (k)   Investments arising out of the receipt of non-cash consideration for the disposition of any assets permitted under Section 6.06;

                 

                (l)    Investments that are existing or committed, or anticipated to exist in the future, as of the Effective Date
                    (provided, that any such Investments in any Person that, in the aggregate as to such Person, exceed $5,000,000 and/or any such Investments in any Person that are anticipated as of the Effective Date to exist in the future, shall, in
                    each such case, be set forth on Schedule 6.03 or otherwise disclosed in writing to the Administrative Agent and the Lenders prior to the Effective Date),
                    and any extensions, renewals, replacements or reinvestments of Investments permitted by this clause (l), so long as the aggregate amount of all
                    Investments pursuant to this clause (l) is not increased at any time above the amount of such Investment existing or committed as of the Effective Date
                    (other than pursuant to an increase as required by the terms of any such Investment as in existence as of the Effective Date, or as otherwise permitted by this Section 6.03);

                 

                (m)  Investments resulting from pledges and deposits permitted under Section
                      6.04;

                 

                (n)   Investments received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts
                    and disputes with or judgments against, customers and suppliers, in each case in the ordinary course of business, and Investments acquired by the Company or any Subsidiaries as a result of a foreclosure by the Company or any
                    Subsidiaries with respect to any secured Investment or other transfer of title with respect to any secured Investment in default;

                 

                
                  110

                  
                    

                

                (o)   Investments of a Subsidiary acquired after the Effective Date or of a Person merged into the Company or merged
                    into or consolidated with any Subsidiaries after the Effective Date, in each case, (i) to the extent such acquisition, merger, or consolidation is permitted under this Section 6.03 and Section 6.06 and (ii) to the extent that such Investments were not made in contemplation of or in connection with such
                    acquisition, merger, or consolidation and were in existence on the date of such acquisition, merger, or consolidation;

                 

                (p)   acquisitions by the Company or any Subsidiaries of obligations of one or more directors, officers, employees or
                    consultants of the Company or any Subsidiaries in connection with such director’s, officer’s, employee’s or consultant’s acquisition of Capital Stock of the Company or any Subsidiary, so long as no cash is actually advanced by the
                    Company or any Subsidiaries to such directors, officers, employees or consultants in connection with the acquisition of any such obligations;

                 

                (q)   Contingent Obligations permitted under Section 6.05;

                 

                (r)   guarantees by the Company or any Subsidiaries of operating leases (other than Capitalized Lease Obligations) or
                    of other obligations that do not constitute Indebtedness, in each case entered into by the Company or any Subsidiaries in the ordinary course of business;

                 

                (s)   Investments to the extent that payment for such Investments is made with the Company’s Capital Stock (but not any
                    Disqualified Stock);

                 

                (t)   Investments in the ordinary course of business consisting of UCC Article 3 endorsements for collection or deposit
                    and UCC Article 4 customary trade arrangements with customers;

                 

                (u)  Investments by the Company and any Subsidiaries, if the Company or any Subsidiaries would otherwise be permitted
                    to make a Restricted Payment under Section 6.01(g) in such amount (provided, that the amount of any such Investment shall also be deemed to be a Restricted Payment under Section 6.01(g) for all purposes of this
                    Agreement);

                 

                (v)  Investments consisting of the licensing or contribution of any intellectual property rights pursuant to joint
                    marketing or other similar arrangements with other Persons;

                 

                (w)  to the extent constituting Investments, purchases and acquisitions of inventory, supplies, materials and equipment
                    or purchases of contract rights or licenses or leases of any intellectual property rights, in each case in the ordinary course of business;

                 

                (x)   any Investment acquired by virtue of any Bail-in Action with respect to any Lender; and

                 

                (y)   any other Investments, provided that:  (i) no Default or Event of Default exists at the time such
                    Investment is made or would be caused thereby, and (ii) the aggregate amount of all such Investments plus the Acquisition Consideration paid or incurred in respect of Permitted Acquisitions in any Fiscal Year shall not exceed the

                  greater of $75,000,000 and 5.0% of the consolidated total assets of the Company and its Subsidiaries (determined as of the last day of the most recent fiscal quarter for which financial statements shall have
                    been delivered pursuant to Section 5.01(a) or Section 5.01(b) (or, prior
                    to the delivery of any such financial statements, the last day of the last fiscal quarter included in the financial statements referred to in Section 3.05(a)); provided that the foregoing dollar limitation shall not apply if the pro forma Leverage Ratio after giving effect (including pro forma effect)
                    to such Investment or Acquisition is less than or equal to a ratio equal to 3.00 to 1.00.

                 

                
                  111

                  
                    

                

                For purposes of determining compliance with this Section 6.03, (A) an Investment need not be permitted solely by reference to one category of permitted Investments (or any portion thereof), but may
                  be permitted in part under any relevant combination thereof, (B) in the event that an Investment (or any portion thereof) meets the criteria of one or more of the categories of permitted Investments, the Company may, in its sole
                  discretion, classify or divide such Investment (or any portion thereof) in any manner that complies with this Section 6.03 and will be entitled to only include the amount and type of such Investment (or any portion thereof) in one
                  or more (as relevant) of the above clauses (or any portion thereof) and such Investment (or any portion thereof) shall be treated as having been made or existing pursuant to only such clause or clauses (or any portion thereof), (C) the
                  amount of any Investment by any Person outstanding at any time shall be the amount actually invested (measured at the time invested), net of any returns or distributions of capital or repayment of principal actually received in cash by
                  such Person with respect thereto from time to time and (D) notwithstanding any re-characterization for tax purposes of any loan or advance as equity, such loan or advance shall continue to be treated as a loan or advance.

                

                

                SECTION 6.04.  Liens.  The Company will not, nor will it permit any Subsidiary to, create, incur or suffer to exist any Lien in, of or on
                  any of the Property of the Company or any of its Subsidiaries, except for:

                

                

                (a)   Permitted Encumbrances;

                 

                (b)   any Lien on any Property of the Company or any Subsidiary (including Liens relating to build-to-suit leases) existing, or applicable to
                  committed obligations, or anticipated to exist in the future, on the Effective Date and set forth in Schedule 6.04, provided that (i) such Lien shall not apply to any other Property of the Company or any Subsidiary (other
                  than after-acquired property that is affixed or incorporated into the Property covered by such Lien and proceeds and products thereof), and (ii) such Lien shall secure only those obligations which it secures (or is intended to secure) on
                  the Effective Date and extensions, renewals and replacements thereof to the extent that they do not increase the outstanding principal amount thereof;

                 

                (c)   Liens in favor of the Collateral Agent securing the Secured Obligations and subject to the Intercreditor Agreement;

                 

                (d)   Liens in favor of the Administrative Agent securing the Obligations;

                 

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

                 

                (f)   Liens incurred in connection with any transfer of an interest in accounts or notes receivable or related assets as part of any Permitted
                  Factoring, Qualified Receivables Transaction, Off-Balance Sheet Liability or Supply Chain Finance Program permitted hereunder;

                 

                
                  112

                  
                    

                

                (g)   to the extent such transactions create a Lien thereunder, liens in favor of lessors securing Permitted Sale and Leaseback Transactions on the
                  asset subject to such Permitted Sale and Leaseback Transactions;

                 

                (h)   Liens securing obligations permitted by Section 6.05(p) with respect to assets described in such Section and products and proceeds
                  thereof;

                 

                (i)    Liens on up to $20,000,000 of cash and/or Cash Equivalent Investments to secure Rate Management Obligations;

                 

                (j)    pledges and deposits and other Liens securing liability for reimbursement or indemnification obligations of (including obligations in respect
                  of letters of credit or bank guarantees for the benefit of) insurance carriers providing property, casualty or liability insurance to the Company or any Subsidiary;

                 

                (k)  deposits and other Liens to secure the performance of bids, trade contracts (other than for Indebtedness), leases (other than Capitalized Lease
                  Obligations), statutory obligations, surety and appeal bonds, performance and return of money bonds, bids, leases, government contracts, trade contracts, agreements with utilities, and other obligations of a like nature (including letters
                  of credit in lieu of any such bonds or to support the issuance thereof), in each case to the extent such deposits and other Liens are incurred in the ordinary course of business, including those incurred to secure health, safety and
                  environmental obligations in the ordinary course of business;

                 

                (l)    non-consensual Liens securing judgments that do not constitute an Event of Default under clause (j) of Article VII;

                 

                (m)  any interest or title of a ground lessor or any other lessor, sublessor or licensor under any ground leases or any other leases, subleases or
                  licenses entered into by the Company or any Subsidiary in the ordinary course of business, and all Liens suffered or created by any such ground lessor or any other lessor, sublessor or licensor (or any predecessor in interest) with
                  respect to any such interest or title in the real property which is subject thereof;

                 

                (n)   Liens securing obligations in respect of letters of credit, bank guarantees, warehouse receipts or similar obligations permitted under this
                  Agreement and incurred in the ordinary course of business or consistent with past practice or industry practices and not supporting obligations in respect of Indebtedness for borrowed money;

                 

                (o)   Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection with the
                  importation of goods;

                 

                (p)   Liens solely on any cash earnest money deposits made by the Company or any Subsidiaries in connection with any letter of intent or purchase
                  agreement in respect of any Investment or Acquisition permitted hereunder;

                 

                (q)   Liens with respect to Property of any Subsidiary that is neither a Borrower nor a Guarantor securing Indebtedness of any such Subsidiary, which
                  Indebtedness is permitted under Section 6.05;

                 

                (r)   Liens on any amounts held by a trustee or other escrow agent under any indenture or other debt agreement issued in escrow pursuant to customary
                  escrow arrangements pending the release thereof, or under any indenture or other debt agreement pursuant to customary discharge, redemption or defeasance provisions;

                 

                
                  113

                  
                    

                

                (s)    Liens arising from precautionary UCC financing statements regarding operating leases or other obligations not constituting Indebtedness;

                 

                (t)    Liens on Capital Stock in joint ventures that are not Subsidiaries (i) securing obligations of such joint venture or (ii) pursuant to the
                  relevant joint venture agreement or arrangement;

                 

                (u)   Liens on securities that are the subject of repurchase agreements constituting Investments permitted under Section 6.03;

                 

                (v)   leases or subleases, and licenses or sublicenses (including with respect to any fixtures, furnishings, equipment, vehicles or other personal
                  property, or any intellectual property rights), granted to others in the ordinary course of business not interfering in any material respect with the business of the Company and its Subsidiaries, taken as a whole;

                 

                (w)  subordination, non-disturbance and/or attornment agreements with any ground lessor, lessor or any mortgagor of any of the foregoing, with
                  respect to any ground lease or other lease or sublease entered into by the Company or any Subsidiary;

                 

                (x)   Liens securing insurance premium financing arrangements, provided that such Liens are limited to the applicable unearned insurance
                  premiums;

                 

                (y)   Liens securing Indebtedness (i) of the Company or any Subsidiary in favor of the Company or any Guarantor that is a Domestic Subsidiary, (ii)
                  of any Foreign Subsidiary Borrower to any Foreign Subsidiary that is a Guarantor in respect of such Foreign Subsidiary Borrower, (iii) of any Foreign Subsidiary that is a Guarantor to the Foreign Subsidiary Borrower in respect of which it
                  is a Guarantor or to any other Foreign Subsidiary that is a Guarantor in respect of such Foreign Subsidiary Borrower and (iv) of any Subsidiary that is neither a Borrower nor a Guarantor in favor of any other Subsidiary that is neither a
                  Borrower nor a Guarantor;

                 

                (z)   Liens on goods or inventory the purchase, shipment or storage price of which is financed by a documentary letter of credit or bank guarantee
                  issued or created for the account of the Company or any Subsidiary in the ordinary course of business; provided, that such Lien secures only the obligations of the Company or such Subsidiaries in respect of such letter of credit,
                  bank guarantee or banker’s acceptance to the extent permitted under Section 6.05;

                 

                (aa) Liens securing Indebtedness under tax-favored or government-sponsored financing permitted under Section 6.05, provided that such
                  Liens do not at any time encumber any Collateral unless approved by the Administrative Agent;

                 

                (bb) in addition to Liens otherwise described in the foregoing clauses, Liens securing an aggregate amount of Indebtedness and other obligations
                  outstanding of no more than the greater of $45,000,000 and 3.0% of the Company’s Consolidated Tangible Assets (determined as of the last day of the most recent fiscal quarter for which financial statements
                    shall have been delivered pursuant to Section 5.01(a) or Section 5.01(b)
                    (or, prior to the delivery of any such financial statements, the last day of the last fiscal quarter included in the financial statements referred to in Section 3.05(a)) at the time of
                  creation thereof; and

                 

                
                  114

                  
                    

                

                (cc)  any extensions, refinancings, renewals, substitutions or replacements of or for any of the foregoing Liens to the extent that the aggregate
                  principal amount of the Indebtedness or other obligations or liabilities secured by the applicable Lien shall not be increased; provided that the Lien securing such Indebtedness or other obligation or liability shall not extend to
                  or cover additional assets (it being understood that a Lien covering all assets of a particular type, such as “all inventory”, may cover additional assets of the relevant type).

                 

                Any Indebtedness described above is not in addition to Indebtedness permitted under Section 6.05, and any Indebtedness of the Company or
                  any of its Subsidiaries must be in compliance with Section 6.05.

                

                

                For purposes of determining compliance with this Section 6.04, (A) a Lien securing an item of Indebtedness need not be permitted solely
                  by reference to one category of permitted Liens (or any portion thereof), but may be permitted in part under any combination thereof and (B) in the event that a Lien securing any obligation (or any portion thereof) meets the criteria of
                  one or more of the categories of permitted Liens (or any portion thereof), the Company may, in its sole discretion, classify or divide such Lien securing such obligation (or any portion thereof) in any manner that complies with this Section

                    6.04 and will be entitled to only include the amount and type of such Lien or such obligation secured by such Lien (or any portion thereof) in one of the above clauses and such Lien securing such obligation (or portion thereof) will
                  be treated as being incurred or existing pursuant to only such clause or clauses (or any portion thereof).

                

                

                Any Lien permitted above on any Property may extend to the identifiable proceeds thereof.

                

                

                SECTION 6.05.  Indebtedness.   The Company will not, nor will it permit any Subsidiary to, create, incur
                  or suffer to exist any Indebtedness, except:

                 

                (a)   The Obligations;

                 

                (b)  Intercompany Indebtedness among the Company and its Subsidiaries to the extent permitted under Section 6.03, provided that any such
                  Indebtedness owing by the Company or any Guarantor to any Subsidiary (other than to a Guarantor or, in the case of Indebtedness owing by a Foreign Subsidiary, to any Foreign Subsidiary Borrower in respect of which it is a Guarantor or to
                  any other Foreign Subsidiary that is a Guarantor in respect of such Foreign Subsidiary Borrower) are subordinated to all Obligations on customary terms);

                 

                (c)    the Senior Note Debt in an aggregate principal amount not to exceed $200,000,000;

                 

                (d)   Receivables/Factoring/SCF Indebtedness not to exceed $125,000,000 in aggregate principal amount outstanding at any time, if no Default or Event
                  of Default exists at the time of, or would be caused by, the incurrence of any such Indebtedness;

                 

                (e)   Subordinated Debt, if no Default or Event of Default exists at the time of, or would be caused by, the incurrence of any such Subordinated
                  Debt;

                 

                (f)    Indebtedness assumed in connection with a Permitted Acquisition;

                 

                (g)   Indebtedness of Foreign Subsidiaries, provided that (i) the aggregate outstanding amount of all Indebtedness of all Foreign Subsidiaries
                  (excluding any Indebtedness permitted under any other subsection of this Section 6.05, Rate Management Obligations, and Banking Services Obligations) shall not at any time exceed a Dollar Amount of $125,000,000, and (ii) no
                  Default or Event of Default exists at the time of, or would be caused by, the incurrence of any such Indebtedness;

                 

                
                  115

                  
                    

                

                (h)   Indebtedness consisting of Rate Management Obligations permitted under Section 6.03(d) and Section 6.09 hereof and Indebtedness
                  arising in connection with Banking Services Obligations;

                 

                (i)    Indebtedness consisting of Contingent Obligations of the Company with respect to Indebtedness of its Subsidiaries permitted under this Section

                    6.05; provided that the aggregate maximum amount of such Contingent Obligations with respect to Indebtedness of its Subsidiaries (other than Guarantors that are Domestic Subsidiaries) permitted under this Section 6.05
                  at any time outstanding (based on the maximum amount of such Contingent Obligations, net of any cash collateral or letter of credit provided with respect to such Contingent Obligations or the related Indebtedness) shall not exceed
                  $150,000,000;

                 

                (j)   Indebtedness under the following Sale and Leaseback Transactions: (i) Sale and Leaseback Transactions existing as of the Effective Date where
                  the liability is less than $10,000,000 in the aggregate, (ii) the Sale and Leaseback Transaction with respect to the Company’s facility located in Kottingbrunn, Austria in an amount not to exceed €30,000,000, and (iii) other Sale and
                  Leaseback Transactions entered into after the Effective Date where the liability is less than $75,000,000 in the aggregate (in each case as determined by aggregating the present value, applying an appropriate discount rate, as reasonably
                  determined by the Company, from the date on which each fixed lease payment is due under such lease to such date of determination) for all such Sale and Leaseback Transactions under this clause (iii);

                 

                (k)   Indebtedness (including obligations relating to build-to-suit leases) existing or committed or anticipated in the future to be outstanding on
                  the Effective Date (provided, that any Indebtedness incurred pursuant to this clause (k) in respect of any Indebtedness with an aggregate principal amount outstanding and/or committed thereunder that exceeds $5,000,000 or any
                  Indebtedness that is anticipated on the Effective Date to be outstanding in the future, shall, in each such case, be set forth on Schedule 6.05); provided, that any Indebtedness outstanding pursuant to this clause (k)
                  which is owed by a Borrower or a Guarantor to any Subsidiary that is neither a Borrower nor a Guarantor shall be subordinated in right of payment to the Obligations under this Agreement on customary terms;

                 

                (l)   Indebtedness owed to (including obligations in respect of letters of credit or bank guarantees or similar instruments for the benefit of) any
                  Person providing workers’ compensation, health, disability or other employee benefits or property, casualty or liability insurance to the Company or any Subsidiary, pursuant to reimbursement or indemnification obligations to such Person,
                  in each case in the ordinary course of business or consistent with past practice or industry practices;

                 

                (m) Indebtedness in respect of performance bonds, bid bonds, appeal bonds, surety bonds, completion guarantees, performance guarantees and similar
                  obligations, in each case provided in the ordinary course of business or consistent with past practice or industry practices, including those incurred to secure health, safety and environmental obligations in the ordinary course of
                  business or consistent with past practice or industry practices;

                 

                (n)   Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar instrument drawn against
                  insufficient funds in the ordinary course of business or other cash management services, in each case incurred in the ordinary course of business;

                 

                (o)   [intentionally omitted];

                 

                
                  116

                  
                    

                

                (p)   Capitalized Lease Obligations (including obligations relating to build-to-suit leases), mortgage financings and other Indebtedness and
                  obligations relating to conditional sale and/or title retention agreements, in each case, incurred by the Company or any Subsidiary prior to or within 180 days after the acquisition, lease, construction, repair, replacement or improvement
                  of the respective Property (whether through the direct purchase of the Property or the Capital Stock of any Person owning such Property) permitted under this Agreement in order to finance such acquisition, lease, construction, repair,
                  replacement or improvement, in an aggregate principal amount that immediately after giving effect to the incurrence of such Indebtedness and the use of proceeds thereof, together with the aggregate principal amount of any other
                  Indebtedness outstanding pursuant to this clause (p), would not exceed the greater of $45,000,000 and 3.0% of the Company’s Consolidated Tangible Assets (determined as of the last day of the most
                    recent fiscal quarter for which financial statements shall have been delivered pursuant to Section 5.01(a) or Section

                      5.01(b) (or, prior to the delivery of any such financial statements, the last day of the last fiscal quarter included in the financial statements referred to in Section 3.05(a)) when incurred, created or assumed;

                 

                (q)   guarantees (i) by any Borrower or Guarantor of any Indebtedness of any other Borrower or Guarantor permitted to be incurred under this
                  Agreement, (ii) by any Borrower or Guarantor of Indebtedness otherwise permitted hereunder of any Subsidiary that is neither a Borrower nor a Guarantor to the extent such guarantees are permitted by Section 6.03 or (iii) by any
                  Subsidiary that is neither a Borrower nor a Guarantor of Indebtedness of any other Subsidiary that is neither a Borrower nor a Guarantor; provided, that guarantees by any Borrower or Guarantor under this clause (q) of any
                  other Indebtedness of a Person that is subordinated in right of payment to other Indebtedness of such Person shall be expressly subordinated in right of payment to the Obligations under this Agreement to at least the same extent as such
                  underlying Indebtedness is subordinated in right of payment;

                 

                (r)   Indebtedness arising from agreements of the Company or any Subsidiary providing for indemnification, adjustment of purchase or acquisition
                  price or similar obligations (including earn-outs), in each case, incurred or assumed in connection with any Permitted Acquisition, other Investments or the disposition of any business, assets or any Subsidiary not prohibited by this
                  Agreement;

                 

                (s)   Indebtedness in respect of letters of credit, bank guarantees, warehouse receipts or similar instruments issued in the ordinary course of
                  business or consistent with past practice or industry practices and not supporting obligations in respect of Indebtedness for borrowed money;

                 

                (t)   Indebtedness incurred in the ordinary course of business in respect of obligations of the Company or any Subsidiary to pay the deferred
                  purchase price of goods or services or progress payments in connection with such goods and services; provided, that such obligations are incurred in connection with open accounts extended by suppliers on customary trade terms in
                  the ordinary course of business and not in connection with the borrowing of money;

                 

                (u)   Indebtedness representing deferred compensation to employees, consultants or independent contractors of the Company or any Subsidiary incurred
                  in the ordinary course of business;

                 

                (v)   obligations in respect of (i) Banking Services Agreements (or similar agreements provided by Persons other than Lenders and their Affiliates)
                  or (ii) agreements to provide to the Company or any Subsidiary letters of credit, guarantees or other credit support provided in respect of trade payables of the Company or any Subsidiary, in each case issued for the benefit of any bank,
                  financial institution or other Person that has acquired such trade payables pursuant to “supply chain” or other similar financing for vendors and suppliers of the Company or any Subsidiaries, so long as (A) such Indebtedness is unsecured,
                  except as otherwise permitted in this Section 6.05, (B) the terms of such trade payables shall not have been extended in connection with such “supply chain” or other similar financing, and (C) such Indebtedness represents amounts
                  not in excess of those which the Company or any Subsidiary would otherwise have been obligated to pay to its vendor or supplier in respect of the applicable trade payables;

                 

                
                  117

                  
                    

                

                (w)  Indebtedness issued by the Company or any Subsidiary to current or former directors, officers, employees or consultants or their respective
                  estates, spouses or former spouses to finance the purchase or redemption of Capital Stock of the Company permitted by Section 6.01;

                 

                (x)   Indebtedness under tax-favored or government-sponsored financing transactions, provided that the net proceeds of such Indebtedness
                  shall be used to (i) prepay Term Loans in accordance with this Agreement or (ii) prepay, repay or refinance other Indebtedness incurred under other tax-favored or government-sponsored financing transactions;

                 

                (y)   Indebtedness consisting of (i) the financing of insurance premiums, (ii) take-or-pay obligations contained in supply arrangements or (iii)
                  surety bonds and similar instruments, in each case, incurred in the ordinary course of business;

                 

                (z)   any financial Indebtedness arising under a declaration of joint and several liability with respect to a Loan Party used for the purpose of
                  section 2:403 of the Dutch Civil Code (and any residual liability under such declaration arising pursuant to section 2:404(2) of the Dutch Civil Code);

                 

                (aa)  any Indebtedness arising under a declaration of joint and several liability (hoofdelijke aansprakelijkheid)
                  in connection with Taxes under the Corporation Tax Act 1969 (Wet op de vennootschapsbelasting 1969) used for the purpose of a fiscal unity (fiscale eenheid)
                  between or among Loan Parties to the extent permitted by law;

                 

                (bb)  other Indebtedness in an aggregate amount at any time outstanding not to exceed the greater of $45,000,000 and 3.0% of the Company’s
                  Consolidated Tangible Assets (determined as of the last day of the most recent fiscal quarter for which financial statements shall have been delivered pursuant to Section

                      5.01(a) or Section 5.01(b) (or, prior to the delivery of any such financial statements, the last day of the
                    last fiscal quarter included in the financial statements referred to in Section 3.05(a)) at the time of incurrence thereof;

                 

                (cc)  other unsecured Indebtedness issued by the Company upon customary terms as reasonably determined by the Administrative Agent if no Default or
                  Event of Default exists at the time of, or would be caused by, the incurrence of any such Indebtedness;

                 

                (dd)  Permitted Refinancing Indebtedness in respect of any Indebtedness permitted under the foregoing clauses (c), (f), (j)(i),
                  (j)(ii), (k) and/or this clause (dd) (including extensions, renewals or replacements of the guarantees in respect of the Indebtedness replaced by such Permitted Refinancing Indebtedness); and

                 

                (ee)  refinancings, extensions or renewals of any of the foregoing Indebtedness (other than any Indebtedness permitted under the foregoing clauses

                    (c), (f), (j)(i), (j)(ii), (k) and/or (dd)) or any Indebtedness under this clause (ee) to the extent the principal amount thereof is not increased (including extensions, renewals or
                  replacements of guarantees in respect of such Indebtedness as so refinanced, extended or renewed) and so long as the material terms applicable to such refinanced Indebtedness are no less favorable to the Company or any Subsidiary, as
                  applicable, taken as a whole, than the material terms in effect immediately prior to such refinancing.

                 

                
                  118

                  
                    

                

                For purposes of determining compliance with this Section 6.05, (A) Indebtedness need not be permitted solely by reference to one category of permitted Indebtedness (or any portion thereof), but may
                  be permitted in part under any relevant combination thereof, and (B) in the event that an item of Indebtedness (or any portion thereof) meets the criteria of one or more of the categories of permitted Indebtedness (or any portion
                  thereof), the Company may, in its sole discretion, classify or divide such item of Indebtedness (or any portion thereof) in any manner that complies with this Section 6.05 and will be entitled to only include the amount and type
                  of such item of Indebtedness (or any portion thereof) in one of the above clauses (or any portion thereof) and such item of Indebtedness (or any portion thereof) shall be treated as having been incurred or existing pursuant to only such
                  clause or clauses (or any portion thereof).  In addition, with respect to any Indebtedness that was permitted to be incurred hereunder on the date of such incurrence, any increases to such Indebtedness in connection with any accrual of
                  interest, the accretion of accreted value, the amortization of original issue discount, the payment of interest in the form of additional Indebtedness or in the form of common stock of the Company, the accretion of original issue discount
                  or liquidation preference and increases in the amount of Indebtedness outstanding solely as a result of fluctuations in the exchange rate of currencies shall also be permitted hereunder after the date of such incurrence.

                

                

                For the avoidance of doubt, this Agreement will not treat (1) unsecured Indebtedness as subordinated or junior in right of payment to secured Indebtedness merely because it is unsecured or (2) senior
                  Indebtedness as subordinated or junior in right of payment to any other senior Indebtedness merely because it has a junior priority with respect to the same collateral.

                

                

                SECTION 6.06.  Consolidations, Mergers and Sales of Assets. The Company will not, nor will it permit any Subsidiary to, consolidate or merge
                  with or into, or sell, lease or otherwise transfer all or any of its assets to, any other Person, or liquidate or dissolve, except for the following:

                 

                (a)   any Subsidiary may merge or consolidate with or into the Company or any Wholly-Owned Subsidiary of the Company so long as: (i) in any merger or
                  consolidation involving the Company, the Company shall be the surviving or continuing entity, (ii) in any merger or consolidation involving one or more Foreign Subsidiary Borrowers, a Foreign Subsidiary Borrower shall be the surviving or
                  continuing entity, and (iii) in any merger or consolidation involving a Wholly-Owned Subsidiary of the Company (and not a Borrower), a Wholly-Owned Subsidiary of the Company shall be the surviving or continuing entity;

                 

                (b)   (i) any Subsidiary may merge or consolidate with or into, or transfer all or substantially all of its assets to, the Company or a Guarantor
                  that is a Domestic Subsidiary (or a Person that, in connection with such transaction, becomes a Guarantor that is a Domestic Subsidiary) in a transaction in which the Company or a Guarantor that is a Domestic Subsidiary (or a Person that,
                  in connection with such transaction, becomes a Guarantor that is a Domestic Subsidiary) is the surviving, continuing or transferee entity, (ii) any Foreign Subsidiary Borrower may merge or consolidate with any Foreign Subsidiary that is a
                  Guarantor in respect of such Foreign Subsidiary Borrower in a transaction in which a Foreign Subsidiary Borrower is the surviving or continuing entity and (iii) any Foreign Subsidiary that is a Guarantor may merge or consolidate with or
                  into, or transfer all or substantially all of its assets to, the Foreign Subsidiary Borrower in respect of which it is a Guarantor or any other Foreign Subsidiary that is a Guarantor in respect of such Foreign Subsidiary Borrower (or a
                  Person that, in connection with such transaction, becomes a Guarantor in respect of such Foreign Subsidiary Borrower) in a transaction in which such Foreign Subsidiary Borrower or any Guarantor in respect of such Foreign Subsidiary
                  Borrower (or a Person that, in connection with such transaction, becomes a Guarantor in respect of such Foreign Subsidiary Borrower) is the surviving, continuing or transferee entity;

                 

                (c)   any Subsidiary that is neither a Borrower nor a Guarantor may merge or consolidate with or into, or transfer all or substantially all of its
                  assets to, any other Subsidiary that is neither a Borrower nor a Guarantor;

                 

                
                  119

                  
                    

                

                (d)   any merger or consolidation involving a Subsidiary to effectuate an Investment permitted under Section 6.03 or any sale or other
                  disposition of Property otherwise permitted under this Section 6.06 so long as, in the case of such an Investment, the continuing or surviving Person shall also be a Subsidiary and shall also be a Loan Party if the merging or
                  consolidating Subsidiary was a Loan Party and which together with each of its Subsidiaries shall have complied with the applicable requirements of Sections 5.09 and 5.11;

                 

                (e)   any Permitted Acquisition (including any merger or consolidation to effectuate a Permitted Acquisition);

                 

                (f)   any sale, lease or other transfer of assets (whether upon voluntary liquidation or otherwise) (i) to the Company or any Guarantor that is a
                  Domestic Subsidiary, (ii) by any Foreign Subsidiary Borrower to any Foreign Subsidiary that is a Guarantor in respect of such Foreign Subsidiary Borrower or (iii) by any Foreign Subsidiary that is a Guarantor to the Foreign Subsidiary
                  Borrower in respect of which it is a Guarantor or to any other Foreign Subsidiary that is a Guarantor in respect of such Foreign Subsidiary Borrower;

                 

                (g)   sales of inventory in the ordinary course of business;

                 

                (h)   leases, sales or other dispositions of Property that, together with all other Property of the Company and its Subsidiaries previously leased,
                  sold or disposed of as permitted by this clause (h) during any Fiscal Year do not constitute a Substantial Portion of the Property of the Company and its Subsidiaries, provided that, after giving effect to any such lease,
                  sale or other disposition, no Default or Event of Default shall have occurred and be continuing;

                 

                (i)    any sale, conveyance, transfer or other disposition of any interest in accounts or notes receivable and related assets in respect of (i) the
                  sale or assignment of accounts for collection purposes in the ordinary course of business or (ii) the sale or assignment of trade notes receivable or accounts receivable in connection with any Permitted Factoring, any Qualified
                  Receivables Transactions or any Supply Chain Finance Program to the extent the aggregate amount of Indebtedness thereunder is permitted under Section 6.05;

                 

                (j)  (A) any sale, conveyance, transfer or other disposition of Property pursuant to an Investment permitted under Section 6.03, and (B) any
                  transfer of the ownership of the Capital Stock of any Domestic Subsidiary to the Company or to another Domestic Subsidiary that is a Wholly-Owned Subsidiary of the Company and any transfer of the ownership of the Capital Stock of any
                  Foreign Subsidiary to the Company or to a Wholly-Owned Subsidiary of the Company; provided that with respect to any such transfer ownership of Capital Stock, the Company shall comply with Section 5.11 hereof and no Default
                  or Event of Default exists at the time thereof or would be caused thereby;

                 

                (k)   the dissolution or liquidation of any Subsidiary if its assets are transferred to the Company or a Guarantor that is a Domestic Subsidiary or,
                  in the case of any Foreign Subsidiary, if its assets are transferred to any Foreign Subsidiary Borrower in respect of which it is a Guarantor or any other Foreign Subsidiary that is a Guarantor in respect of such Foreign Subsidiary
                  Borrower, and any other transfer of assets from any Subsidiary to a Borrower or a Guarantor that is a Domestic Subsidiary or, in the case of any Foreign Subsidiary, to any Foreign Subsidiary Borrower in respect of which it is a Guarantor
                  or any other Foreign Subsidiary that is a Guarantor in respect of such Foreign Subsidiary Borrower;

                 

                (l)    the dissolution or liquidation of any Subsidiary of Modine Netherlands Holding if its assets are transferred to any other Subsidiary, and any
                  other transfer of assets from any Subsidiary of Modine Netherlands Holding to the Company or any Subsidiary;

                 

                
                  120

                  
                    

                

                (m)  any sale, conveyance, transfer or other disposition of Property subject to a Permitted Sale and Leaseback Transaction;

                 

                (n)   the liquidation or dissolution of any Subsidiary, provided that (i) any liquidation or dissolution of any Subsidiary shall be subject to the limitation on the sale, lease or other transfer of assets described in clause (h) above and the other terms of this Agreement, and (ii) upon giving effect to any such liquidation or dissolution, no Default or Event of Default shall have occurred and be continuing;

                 

                (o)   any exchange or swap of assets (other than cash and Cash Equivalent Investments) for other assets (other than
                    cash and Cash Equivalent Investments) of comparable or greater value or usefulness to the business of the Company and its Subsidiaries as a whole, determined in good faith by the Company;

                 

                (p)   leases, licenses, subleases and sublicenses of any Property of the Company and its Subsidiaries in the ordinary
                    course of business;

                 

                (q)   dispositions, transfers or the abandonment of any intellectual property rights of the Company or any Subsidiary
                    determined in good faith by the management of the Company to be no longer economically practicable to maintain or useful or necessary in the operation of the business of the Company or any Subsidiaries;

                 

                (r)    any sale by the Company of its treasury stock;

                 

                (s)    any transfer of cash, cash equivalents or marketable securities in the ordinary course of business;

                 

                (t)    any payment of cash or cash equivalents as consideration for, and in accordance with the requirements of, any
                    Permitted Acquisition or any other transaction that does not conflict with this Agreement;

                 

                (u)   any issuance by a Person of its own Capital Stock;

                 

                (v)   any transfer for security purposes that is permitted under Section 6.04;

                 

                (w)  any Restricted Payment that is permitted under Section 6.01;

                 

                (x)   any casualty loss, governmental taking or other involuntary disposition;

                 

                (y)   the disposition of any Investment acquired by virtue of any Bail-in Action with respect to any Lender;

                 

                (z)    the disposition of any assets acquired as part of any Permitted Acquisition that the Company or any Subsidiary
                    disposes as part of its integration efforts relating to such Acquisition;

                 

                (aa)  any sale, conveyance, transfer or other disposition of any interest in any bank acceptance draft or similar instrument delivered by a customer
                  in the ordinary course of business; and

                

                

                (bb)  the Dakota Disposition.

                

                

                

                
                  121

                  
                    

                

                
                  SECTION 6.07.  Financial Covenants.

                   

                  

                

                (a)   Leverage Ratio.  The Company will not permit the Leverage Ratio to be greater than 3.25 to 1.00 as of the end of any Fiscal Quarter,
                  provided that, upon written notice to the Administrative Agent by the Company for distribution to the Lenders (and not more than three times during any five consecutive year term of this Agreement) not later than the last day of the
                  Fiscal Quarter in which a Permitted Acquisition with a cash purchase price exceeding $50,000,000 (any such Permitted Acquisition described in the foregoing clause (B), a “Specified Acquisition”) is consummated (any such Fiscal
                  Quarter, a “Specified Quarter”), the Leverage Ratio may be greater than 3.25 to 1.00 but not greater than (x) 3.75 to 1.00 for the applicable Specified Quarter and the Fiscal Quarter immediately following such Specified Quarter,
                  (y) 3.50 to 1.00 for the second and third Fiscal Quarters immediately following such Specified Quarter and (z) 3.25 to 1.00 on the last day of any Fiscal Quarter thereafter.  After any such election is made by the Company, the Company
                  shall be prohibited from making any additional election until after the maximum Leverage Ratio returns to 3.25 to 1.00 for at least two consecutive Fiscal Quarters. Once the Company makes such an election permitted under this Section
                    6.07(a), it shall be in effect for the periods described in the foregoing clause (i) or (ii), as applicable.

                 

                (b)   Interest Expense Coverage Ratio.  The Company will not permit the Interest Expense Coverage Ratio to be less than 3.00 to 1.0 as of the
                  end of any Fiscal Quarter.

                 

                SECTION 6.08.  [Intentionally Omitted].

                

                

                SECTION 6.09.  Rate Management Transactions.  The Company will not, nor will it permit any Subsidiary to, enter into or remain liable
                  under any Rate Management Transactions, except for Rate Management Transactions that are entered into in the ordinary course of business of the Company or such Subsidiary for the purpose of hedging a risk exposure of the Company or a
                  Subsidiary and not for speculative purposes.

                

                

                SECTION 6.10.  Lines of Business.  Neither the Company nor any of its Subsidiaries shall engage to any material extent in any business
                  substantially different from businesses of the type conducted by the Company and its Subsidiaries on the Effective Date and businesses reasonably related, ancillary, similar, complementary or synergistic thereto or reasonable extensions,
                  development or expansion thereof.

                 

                SECTION 6.11.  Environmental Matters. The Company will not, and will not permit any other Person to, conduct its operations or keep or
                  maintain its property in non-compliance with any applicable Environmental Laws, except where the failure to do so could not reasonably be expected to result in a Material Adverse Effect.

                 

                SECTION 6.12.  Transactions with Affiliates.  The Company will not, and will not permit any
                    Subsidiary to, enter into any transaction (including, without limitation, the purchase or sale of any Property or service) with, or make any payment or transfer to, any Affiliate (other than any Wholly-Owned Subsidiary, including any
                    Person that becomes a Wholly-Owned Subsidiary as a result of such transaction), except upon fair and reasonable terms no less favorable, when taken as a whole, to the Company or such Subsidiary than the Company or such Subsidiary would
                    obtain in a comparable arms-length transaction with a Person not an Affiliate of the Company or such Subsidiary, except for the following:

                 

                (a)    transactions between the Company or any Subsidiary, on the one hand, and any Subsidiary or other special-purpose
                    entity created to engage solely in a Qualified Receivables Transaction;

                 

                
                  122

                  
                    

                

                (b)   transactions among one or more of the Borrowers, the Guarantors and any Wholly-Owned Subsidiaries;

                 

                (c)   transactions among members of the Modine Netherlands Consolidated Group;

                 

                (d)   transactions specifically permitted under this Agreement, including, without limitation, any Restricted Payments
                    permitted under Section 6.01, Investments permitted under Section 6.03
                    and any transactions permitted under Section 6.06;

                 

                (e)    transactions with Affiliates for the purchase, sale, or lease of goods in the ordinary course of business for less than fair market value, but
                  for not less than cost;

                 

                (f)    any issuance of securities, or other payments, awards or grants in cash, securities or otherwise pursuant to, or the funding of, employment
                  arrangements, equity purchase agreements, stock options and stock ownership plans approved by the board of directors of the Company or any Subsidiary;

                 

                (g)   the payment of fees, advances, reasonable out-of-pocket costs and indemnities to directors, officers, consultants and employees of the Company
                  and any Subsidiaries in the ordinary course of business;

                 

                (h)   the Company or any Subsidiary may make equity contributions, and/or intercompany loans that have below market interest rates, to any
                  Subsidiary, so long as any such intercompany loan is payable upon demand and this Agreement does not otherwise prohibit any such equity contribution or intercompany loan;

                 

                (i)    (A) any employment agreements entered into by the Company or any Subsidiaries in the ordinary course of business, (B) any subscription
                  agreement or similar agreement pertaining to the repurchase of Capital Stock pursuant to put/call rights or similar rights with employees, officers or directors, and (C) any employee compensation, benefit plan or arrangement, any health,
                  disability or similar insurance plan which covers employees, and any reasonable employment contract and transactions pursuant thereto;

                 

                (j)   transactions between the Company or any Subsidiaries and any Person, a director of which is also a director of the Company or any Subsidiary of
                  the Company; provided, however, that (i) such director abstains from voting as a director of the Company or the applicable Subsidiary on any matter involving such other Person and (ii) such Person is not an Affiliate of
                  the Company or any Subsidiary for any reason other than such director’s acting in such capacity;

                 

                (k)   transactions, agreements and arrangements in existence or committed, or anticipated to exist in the future, on the Effective Date and set forth
                  on Schedule 6.12, and, in each case, any amendment thereto or replacement thereof or similar arrangement to the extent such amendment, replacement or arrangement is not adverse to the Lenders when taken as a whole in any material
                  respect (as determined by the Company in good faith); and

                 

                (l)    intercompany transactions undertaken in good faith for the purpose of improving the consolidated tax efficiency of the Company and its
                  Subsidiaries and not for the purpose of circumventing any covenant set forth herein.

                 

                SECTION 6.13.  Optional Payments and Modifications of Debt.  The Company will not, nor will it permit any Subsidiary to, make any
                  optional payment, defeasance (whether a covenant defeasance, legal defeasance or other defeasance), optional prepayment, optional repurchase (including without limitation any optional offer to repurchase) or other optional redemption
                  (collectively, “Optional Payments”) of any Material Indebtedness, provided that (a) the Company or any of its Subsidiaries may do any of the foregoing with respect to any Material Indebtedness (other than Subordinated Debt) if
                  after giving effect to any of the foregoing on a pro forma basis each of the following conditions is satisfied:  (i) Liquidity is equal to or greater than $50,000,000 and (ii) no Default or Event of Default exists at such time or would be
                  caused thereby, (b) any Foreign Subsidiary may do any of the foregoing with respect to any of its Material Indebtedness if (x) such amount paid is from its own cash on hand and (y) after giving effect to any of the foregoing on a pro
                  forma basis, no Default or Event of Default exists, (c) the foregoing shall not apply to transactions owed to the Company or any Guarantor that is a Domestic Subsidiary or, in the case of any Foreign Subsidiary, that are owed to any
                  Foreign Subsidiary Borrower in respect of which it is a Guarantor or to any other Foreign Subsidiary that is a Guarantor in respect of such Foreign Subsidiary Borrower and (d) the foregoing shall not apply to Permitted Refinancing
                  Indebtedness of any Material Indebtedness with the proceeds of Indebtedness permitted under Section 6.05 or the proceeds of issuances of Capital Stock (excluding Disqualified Stock).

                 

                
                  123

                  
                    

                

                SECTION 6.14.  Restrictive Agreements.  The Company will not, and will not permit any of its
                    Subsidiaries to, directly or indirectly, enter into, incur or permit to exist any agreement or other arrangement that prohibits, restricts or imposes any condition upon the ability of (i) any Subsidiary to pay dividends or other
                    distributions with respect to any shares of its Capital Stock or to make or repay loans or advances to the Company or any Domestic Subsidiary or (ii) the Company or any Subsidiary to grant liens pursuant to the Collateral Documents (to
                    the extent required by this Agreement); provided that the foregoing shall not apply to any prohibition, restriction or condition:

                 

                (a)   imposed on the Modine Netherlands Consolidated Group in connection with Indebtedness permitted under Section 6.05;

                 

                (b)   imposed in connection with a material economic benefit provided to any Foreign Subsidiary by a Governmental Authority;

                 

                (c)   imposed under the Senior Note Purchase Documents as in effect on the Effective Date or that constitutes a
                    customary term (as determined in good faith by the Company) of unsecured Indebtedness permitted to be incurred hereunder;

                 

                (d)   imposed by law;

                 

                (e)   imposed pursuant to an agreement entered into for the sale or disposition of the Capital Stock of a Subsidiary or the Property of the Company
                  or any Subsidiary pending the closing of such sale or disposition;

                 

                (f)   that is a customary provision in a joint venture agreement or other similar agreement applicable to a joint venture entered into in the
                  ordinary course of business;

                 

                (g)   imposed by any agreement relating to Indebtedness permitted under Section 6.05, to the extent such restrictions are not materially more
                  restrictive, taken as a whole, than the restrictions contained in this Agreement (in each case, as determined in good faith by the Company);

                 

                (h)   imposed by any agreement relating to Indebtedness permitted under Section 6.05 of a Subsidiary that is neither a Borrower nor a
                  Guarantor that applies only to such Subsidiary and its Subsidiaries that are neither Borrowers nor Guarantors;

                 

                
                  124

                  
                    

                

                (i)    that constitutes a customary net worth or similar provision contained in a real property lease, so long as the Company has determined in good
                  faith that such provision would not reasonably be expected to impair the ability of the Company and its Subsidiaries to meet their ongoing obligations under this Agreement;

                 

                (j)    imposed by any agreement in effect at the time such Person becomes a Subsidiary or assumed in connection with any Permitted Acquisition, so
                  long as such agreement was not entered into in contemplation of such Person becoming a Subsidiary or such Acquisition;

                 

                (k)   imposed by any agreement relating to any Qualified Receivables Transaction;

                 

                (l)    imposed by any agreement relating to secured Indebtedness permitted by this Agreement to the extent that such restrictions apply only to the
                  specific property or assets securing such Indebtedness and proceeds thereof;

                 

                (m) constituting a customary provision contained in a lease or license of intellectual property or other similar agreement entered into in the
                  ordinary course of business;

                 

                (n)   constituting a customary provision restricting subletting or assignment of any lease governing a leasehold interest;

                 

                (o)   constituting a customary provision restricting assignment, mortgaging or hypothecation of any agreement entered into in the ordinary course of
                  business;

                 

                (p)   constituting a Lien permitted hereunder and customary restrictions and conditions contained in the document relating thereto, so long as (1)
                  such restrictions or conditions relate only to the specific asset subject to such Lien, and (2) such restrictions and conditions are not created for the purpose of avoiding the restrictions imposed by this Section 6.14;

                 

                (q)   constituting a customary restriction contained in a lease, sublease, license or Capital Stock or an asset sale agreement otherwise permitted
                  hereby as long as such restriction relates to the Capital Stock and assets subject thereto;

                 

                (r)    constituting a restriction on cash or other deposits imposed by a customer under a contract entered into in the ordinary course of business;
                  and

                 

                (s)   imposed by any amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing of or similar
                  arrangements to the contracts, instruments or obligations referred to in the foregoing clauses; provided that (i) in the case of the refinancing of Indebtedness, the new Indebtedness constitutes Permitted Refinancing Indebtedness
                  in respect of the refinanced Indebtedness, and (ii) such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement, refinancing or similar arrangement is, in the good faith judgment of the Company, no
                  more restrictive with respect to such prohibition, restriction or condition than those in effect immediately prior to such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement, refinancing or similar
                  arrangement.

                

                
                  125

                  
                    

                

                 ARTICLE VII

                

                

                EVENTS OF DEFAULT

                

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

                

                (a)   Any Borrower shall fail to pay when due any principal of any Loan, shall fail to pay within one (1) Business Day of when due any LC
                  Disbursement, or shall fail to pay within three (3) Business Days of when due any interest on any Loan or any fee or other amount payable hereunder; or

                 

                (b)   The Company shall fail to observe or perform any covenant contained in Section 5.01(d), Section 5.03, Section 5.04, Section

                    5.09, Section 5.11, Sections 6.01 through 6.10, inclusive, Section 6.12, Section 6.13 or Section 6.14 or any Additional Covenant (but only after giving effect to any notice, grace or
                  cure period as may be applicable to such Additional Covenant); or

                 

                (c)   The Company shall fail to observe or perform any covenant or agreement contained in this Agreement (other than those covered by clause (a) or
                  (b) of this Article VII above), or the Company or any Subsidiary shall fail to observe or perform any covenant or agreement contained in any other Loan Document, for thirty (30) days after the earlier of (i) the first day on which
                  a responsible officer of the Company or Subsidiary has knowledge of such failure, or (ii) written notice thereof has been given to the Company or Subsidiary by a Lender; or

                 

                (d)   Any representation or warranty made or deemed made by or on behalf of the Company in Article III or by or on behalf of the Company or
                  any Subsidiary in, under or in connection with any Loan Document, or any certificate, financial statement or other document delivered pursuant to any Loan Document, shall prove to have been incorrect in any material respect when made (or
                  deemed made); or

                 

                (e)   The Company or any Subsidiary shall fail to make any payment in respect of Significant Obligations outstanding (other than the Loans) when due
                  and such failure continues after any applicable grace or notice period; or

                 

                (f)   Any event or condition shall occur which results in the acceleration of the maturity of Significant Obligations or the purchase of Significant
                  Obligations by the Company (or its designee) or such Subsidiary (or its designee) prior to the scheduled maturity thereof or enables (or, with the giving of notice or lapse of time or both, would enable) the holders of Significant
                  Obligations or any Person acting on such holders’ behalf to accelerate the maturity thereof or require the purchase thereof by the Company (or its designee) or such Subsidiary (or its designee) prior to the scheduled maturity thereof,
                  without regard to whether such holders or other Person shall have exercised or waived their right to do so, or any Significant Obligations shall be declared to be due and payable or required to be prepaid or repurchased (other than by a
                  regularly scheduled payment) prior to the stated maturity thereof (provided that, notwithstanding the foregoing, none of the following events shall constitute an Event of Default under this this clause (f) unless such event results in the
                  acceleration of other Significant Obligations of the Company or any Subsidiary:  (i) any secured Indebtedness becoming due as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness or a casualty or
                  similar event, (ii) any change of control offer made within 60 days after an acquisition with respect to, and effectuated pursuant to, Indebtedness of an acquired business, (iii) any default under Indebtedness of an acquired business if
                  such default is cured, or such Indebtedness is repaid, within 60 days after the acquisition of such business so long as no other creditor accelerates or commences any kind of enforcement action in respect of such Indebtedness, (iv)
                  mandatory prepayment requirements arising from the receipt of net cash proceeds from debt, dispositions (including casualty losses, governmental takings and other involuntary dispositions), equity issues or excess cash flow, in each case
                  pursuant to Indebtedness of an acquired business), (v) prepayments required by the terms of Indebtedness as a result of customary provisions in respect of illegality, replacement of lenders and gross-up provisions for Taxes, increased
                  costs, capital adequacy and other similar customary requirements and (vi) any voluntary prepayment, redemption or other satisfaction of Indebtedness that becomes mandatory in accordance with the terms of such Indebtedness solely as the
                  result of the Company or any Subsidiary delivering a prepayment, redemption or similar notice with respect to such prepayment, redemption or other satisfaction; or

                 

                
                  126

                  
                    

                

                (g)  Any Borrower, any Guarantor or any Significant Subsidiary shall commence a voluntary case or other proceeding seeking liquidation,
                  reorganization or other relief with respect to itself or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar
                  official of it or any Substantial Portion of its property, or shall consent to any such relief or to the appointment of or taking possession by any such official in an involuntary case or other proceeding commenced against it, or shall
                  make a general assignment for the benefit of creditors, or shall fail generally to pay, or shall admit in writing its inability to pay, its debts as they become due, or shall take any corporate action to authorize any of the foregoing, or
                  shall fail to contest in good faith any appointment or proceeding described in clause (h) of this Article VII; or

                 

                (h)   An involuntary case or other proceeding shall be commenced against any Borrower, any Guarantor or any Significant Subsidiary seeking
                  liquidation, reorganization or other relief with respect to it or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other
                  similar official of it or any Substantial Portion of its property, and, except if a bankruptcy is declared (faillissement is uitgesproken) under the Dutch Bankruptcy Act (Faillissementswet) or a bankruptcy of a Borrower or Guarantor incorporated in England and Wales is declared, such involuntary case or other proceeding shall remain undismissed and unstayed for a period of 45 days; or an
                  order for relief shall be entered against any Borrower, any Guarantor or any Significant Subsidiary under the federal bankruptcy laws or any other applicable insolvency laws as now or hereafter in effect; or a UK Bankruptcy Event occurs
                  with respect to any UK Relevant Entity; or

                 

                (i)    An ERISA Event shall have occurred that, when taken together with all other ERISA Events that have occurred, could reasonably be expected to
                  result in a Material Adverse Effect; or

                 

                (j)    One or more judgments or orders for the payment of money in an aggregate amount in excess of $35,000,000 (to the extent not covered by
                  indemnification or independent third-party insurance as to which the insurer does not dispute coverage), shall be rendered and finally adjudicated against the Company or any Subsidiary, and such judgment(s) or order(s) shall continue
                  unsatisfied and unstayed for a period of 45 days; or

                 

                (k)   Without prejudice to any other provisions of this Article VII, with respect to a Subsidiary Borrower, a Significant Subsidiary or a
                  Subsidiary that is a Guarantor, in each case having its center of main interest (in the meaning of section 3 of the German Insolvency Code (Insolvenzordnung) or article 3 para. 1 of Council
                  Regulation (EC) No. 1346/2000 of May 29, 2000 (as amended or superseded from time to time, e.g., pursuant to Regulation (EU) No 2015/848 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings))) in Germany,
                  also (A) a Person making an application for the opening of insolvency proceedings for the reasons set out in sections 17 to 19 of the German Insolvency Code (Insolvenzordnung) (Antrag auf Eröffnung eines Insolvenzverfahrens) or any competent court taking actions pursuant to section 21 of the German Insolvency Code (Insolvenzordnung) (Anordnung von Sicherungsmaßnahmen) unless, in case of an application for the opening of insolvency proceedings by any Person (other than the Company or any of its Subsidiaries or the Company’s direct
                  or indirect shareholders), such application is dismissed by the competent court (for any reason other than for lack of assets (mangels Masse)) or successfully withdrawn by such Person, in each case
                  within 21 days after such application; (B) such Subsidiary Borrower, Significant Subsidiary or Subsidiary that is a Guarantor is unable to pay its debts as they fall due (Zahlungsunfähigkeit), or
                  is over indebted (Überschuldung), or is threatened with insolvency (drohende Zahlungsunfähigkeit) within the meaning of Sections 17 to 19 (inclusive) of the
                  German Insolvency Code (Insolvenzordnung); or

                 

                
                  127

                  
                    

                

                (l)    Any Change in Control shall occur; or

                 

                (m)  Any Guaranty shall fail to remain in full force or effect or any action shall be taken to discontinue or to assert the invalidity or
                  unenforceability of any Guaranty (in each case other than in accordance with the terms hereof or thereof), or any Guarantor shall fail to comply with any of the terms or provisions of any Guaranty to which it is a party, or any Guarantor
                  shall deny that it has any further liability under any Guaranty to which it is a party (other than in accordance with the terms hereof or thereof), or shall give notice to such effect; or

                 

                (n)   Any Collateral Document shall for any reason (other than solely as the result of an act or omission of any Agent or a Lender) fail to create a
                  valid and perfected Lien, subject to the Intercreditor Agreement, in any Collateral purported to be covered thereby, except as permitted by the terms of this Agreement or any Collateral Document, or, due to any action by the Company or
                  any of its Subsidiaries not consented to by the Required Lenders, any Collateral Document shall fail to remain in full force or effect (other than in accordance with its terms) or any action shall be taken by the Company or any of its
                  Subsidiaries not consented to by the Required Lenders to discontinue or to assert the invalidity or unenforceability of any Collateral Document (other than in accordance with its terms);

                 

                then, and in every such event (other than an event with respect to any Borrower not incorporated in England and Wales described in clause (g), (h) or (k) of this Article VII), and at any time
                  thereafter during the continuance of such event, the Administrative Agent may with the consent of the Required Lenders, and shall at the request of the Required Lenders, by notice to the Company, take any or all of the following actions,
                  at the same or different times:  (i) terminate the Commitments, and thereupon the Commitments shall terminate immediately, (ii) declare the Loans then outstanding to be due and payable in whole (or in part, in which case any principal not
                  so declared to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other Obligations of
                  the Borrowers accrued hereunder and under the other Loan Documents, shall become due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrowers and (iii)
                  require cash collateral for the LC Exposure in accordance with Section 2.06(j); and in case of any event with respect to any Borrower not incorporated in England and Wales described in clause (g), (h) or (k) of this Article VII,
                  the Commitments shall automatically terminate and the principal of the Loans then outstanding and cash collateral for the LC Exposure, together with accrued interest thereon and all fees and other Obligations accrued hereunder and under
                  the other Loan Documents, shall automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrowers.  Upon the occurrence and during the continuance of an
                  Event of Default, any Agent may, in accordance with and subject to the terms of the Intercreditor Agreement, and at the request of the Required Lenders shall, exercise any rights and remedies provided to the Collateral Agent under the
                  Loan Documents or at law or equity, including all remedies provided under the UCC.

                

                

                
                  128

                  
                    

                

                ARTICLE VIII

                  

                  The Administrative Agent and the Collateral Agent

                  

                  SECTION 8.01.  Authorization and Action.

                

                 

                  

                (a)   Each Lender and Issuing Bank hereby irrevocably appoints the entity named as Administrative Agent and Collateral Agent in the heading of this
                  Agreement and its successors and permitted assigns to serve as the administrative agent and collateral agent under the Loan Documents and each Lender and Issuing Bank authorizes each Agent to take such actions as agent on its behalf and
                  to exercise such powers under this Agreement and the other Loan Documents as are delegated to such Agent under such agreements and to exercise such powers as are reasonably incidental thereto.  Further, each of the Lenders and the Issuing
                  Banks, on behalf of itself and any of its Affiliates that are Secured Parties, hereby irrevocably (i) empower and authorize JPMCB (in its capacity as Administrative Agent and/or as Collateral Agent) to execute and deliver the Collateral
                  Documents and all related documents or instruments as shall be necessary or appropriate to effect the purposes of the Collateral Documents and (ii) empower and authorize JPMCB (in its capacity as Administrative Agent and/or as Collateral
                  Agent) to execute and deliver on their behalf the Intercreditor Agreement and all related documents or instruments as shall be necessary or appropriate to effect the purposes of the Intercreditor Agreement.  Each Lender shall be bound by
                  the terms and provisions of the Intercreditor Agreement, (and the Intercreditor Agreement is hereby approved by the Lenders), so executed by the Collateral Agent, and by any further amendments thereto executed by the Agent on behalf of
                  the Lenders provided that any such further amendment has been approved by the Required Lenders.  In addition, to the extent required under the laws of any jurisdiction other than within the United States, each Lender and Issuing Bank
                  hereby grants to each Agent any required powers of attorney to execute and enforce any Collateral Document governed by the laws of such jurisdiction on such Lender’s or such Issuing Bank’s behalf.  Without limiting the foregoing, each
                  Lender and Issuing Bank hereby authorizes each Agent to execute and deliver, and to perform its obligations under, each of the Loan Documents to which such Agent is a party, to exercise all rights, powers and remedies that such Agent may
                  have under such Loan Documents.

                 

                (b)   As to any matters not expressly provided for herein and in the other Loan Documents (including enforcement or collection), no Agent shall be
                  required to exercise any discretion or take any action, but shall be required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the written instructions of the Required Lenders (or
                  such other number or percentage of the Lenders as shall be necessary, pursuant to the terms in the Loan Documents), and, unless and until revoked in writing, such instructions shall be binding upon each Lender and Issuing Bank; provided,
                  however, that no Agent shall be required to take any action that (i) such Agent reasonably and in good faith believes exposes it to liability unless such Agent receives an indemnification satisfactory to it from the Lenders and the
                  Issuing Banks with respect to such action or (ii) is contrary to this Agreement or any other Loan Document or applicable law, including any action that may be in violation of the automatic stay under any requirement of law relating to
                  bankruptcy, insolvency or reorganization or relief of debtors or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any requirement of law relating to bankruptcy, insolvency or
                  reorganization or relief of debtors; provided, further, that such Agent may seek clarification or direction from the Required Lenders prior to the exercise of any such instructed action and may refrain from acting until
                  such clarification or direction has been provided. Except as expressly set forth in the Loan Documents, no Agent shall have any duty to disclose, and shall not be liable for the failure to disclose, any information relating to the
                  Company, any Subsidiary or any Affiliate of any of the foregoing that is communicated to or obtained by the Person serving as an Agent or any of its Affiliates in any capacity. Nothing in this Agreement shall require any Agent to expend
                  or risk its own funds or otherwise incur any financial liability in the performance of any of its duties hereunder or in the exercise of any of its rights or powers if it shall have reasonable grounds for believing that repayment of such
                  funds or adequate indemnity against such risk or liability is not reasonably assured to it.

                 

                (c)   In performing its functions and duties hereunder and under the other Loan Documents, each Agent is acting solely on behalf of the Lenders and
                  the Issuing Banks (except in limited circumstances expressly provided for herein relating to the maintenance of the Register), and its duties are entirely mechanical and administrative in nature. Without limiting the generality of the
                  foregoing.

                 

                
                  129

                  
                    

                

                (i)    no Agent assumes and shall not be deemed to have assumed any obligation or duty or any other relationship as the
                  agent, fiduciary or trustee of or for any Lender, any Issuing Bank or any Secured Party other than as expressly set forth herein and in the other Loan Documents, regardless of whether a Default or an Event of Default has occurred and is
                  continuing (and it is understood and agreed that the use of the term “agent” (or any similar term) herein or in any other Loan Document with reference to any Agent is not intended to connote any fiduciary duty or other implied (or
                  express) obligations arising under agency doctrine of any applicable law, and that such term is used as a matter of market custom and is intended to create or reflect only an administrative relationship between contracting parties);
                  additionally, each Lender agrees that it will not assert any claim against any Agent based on an alleged breach of fiduciary duty by such Agent in connection with this Agreement and the transactions
                    contemplated hereby;

                 

                (ii)   to the extent that English law is applicable to the duties of the Administrative Agent under any of the Loan
                  Documents, Section 1 of the Trustee Act 2000 of the United Kingdom shall not apply to the duties of the Administrative Agent in relation to the trusts constituted by that Loan Document; where there are inconsistencies between the Trustee
                  Act 1925 or the Trustee Act 2000 of the United Kingdom and the provisions of this Agreement or such Loan Document, the provisions of this Agreement shall, to the extent permitted by applicable law, prevail and, in the case of any
                  inconsistency with the Trustee Act 2000 of the United Kingdom, the provisions of this Agreement shall constitute a restriction or exclusion for the purposes of that Act;

                 

                (iii)  where any Agent is required or deemed to act as a trustee in respect of any Collateral over which a security interest
                  has been created pursuant to a Loan Document expressed to be governed by the laws of any jurisdiction other than the United States of America, the obligations and liabilities of such Agent to the Secured Parties in its capacity as trustee
                  shall be excluded to the fullest extent permitted by applicable law; and

                 

                (iv)  nothing in this Agreement or any Loan Document shall require any Agent to account to any Lender for any sum or the
                  profit element of any sum received by such Agent for its own account.

                 

                (d)   Each Agent may perform any of its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or
                  more sub-agents appointed by such Agent. Each Agent and any such sub-agent may perform any of their respective duties and exercise their respective rights and powers through their respective Related Parties. The exculpatory provisions of
                  this Article shall apply to any such sub-agent and to the Related Parties of such Agent and any such sub-agent, and shall apply to their respective activities pursuant to this Agreement. The Lenders acknowledge that no Agent shall be
                  responsible for the negligence or misconduct of any sub-agent except to the extent that a court of competent jurisdiction determines in a final and nonappealable judgment that such Agent acted with gross negligence or willful misconduct
                  in the selection of such sub-agent.

                 

                (e)   None of any Syndication Agent, any Co-Documentation Agent or any Arranger  shall have obligations or duties whatsoever in such capacity under
                  this Agreement or any other Loan Document and shall incur no liability hereunder or thereunder in such capacity, but all such persons shall have the benefit of the indemnities provided for hereunder.

                 

                
                  130

                  
                    

                

                (f)   In case of the pendency of any proceeding with respect to any Loan Party under any federal, state or foreign bankruptcy, insolvency,
                  receivership or similar law now or hereafter in effect, each Agent (irrespective of whether the principal of any Loan or any reimbursement obligation in respect of any LC Disbursement shall then be due and payable as herein expressed or
                  by declaration or otherwise and irrespective of whether such Agent shall have made any demand on any Loan Party) shall be entitled and empowered (but not obligated) by intervention in such proceeding or otherwise:

                 

                (i)    to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans,
                  LC Disbursements and all other Secured Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders, the Issuing Banks and such Agent (including any
                  claim under Sections 2.12, 2.13, 2.15, 2.17 and 9.03) allowed in such judicial proceeding; and

                 

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

                 

                and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such proceeding is hereby authorized by each Lender, each Issuing Bank and each other Secured Party
                  to make such payments to such Agent and, in the event that such Agent shall consent to the making of such payments directly to the Lenders, the Issuing Banks or the other Secured Parties, to pay to such Agent any amount due to it, in its
                  capacity as such Agent, under the Loan Documents (including under Section 9.03). Nothing contained herein shall be deemed to authorize such Agent to authorize or consent to or accept or adopt on behalf of any Lender or Issuing
                  Bank any plan of reorganization, arrangement, adjustment or composition affecting the Secured Obligations or the rights of any Lender or Issuing Bank or to authorize such Agent to vote in respect of the claim of any Lender or Issuing Bank
                  in any such proceeding.

                

                

                (g)   The provisions of this Article VIII are solely for the benefit of the Agents, the Lenders and the Issuing Banks, and, except solely to
                  the extent of the Company’s rights to consent pursuant to and subject to the conditions set forth in this Article VIII, none of the Company or any Subsidiary, or any of their respective Affiliates, shall have any rights as a third
                  party beneficiary under any such provisions. Each Secured Party, whether or not a party hereto, will be deemed, by its acceptance of the benefits of the Collateral and of the Guarantees of the Secured Obligations provided under the Loan
                  Documents, to have agreed to the provisions of this Article VIII.

                 

                SECTION 8.02.  Agents’ Reliance, Indemnification, Etc.

                 

                (a)   No Agent nor any of its Related Parties shall be (i) liable to any Lender for any action taken or omitted to be taken by it under or in
                  connection with this Agreement or the other Loan Documents (x) with the consent of or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as such Agent shall reasonably
                  believe in good faith to be necessary, under the circumstances as provided in the Loan Documents) or (y) in the absence of its own gross negligence or willful misconduct (such absence to be presumed unless otherwise determined by a court
                  of competent jurisdiction by a final and nonappealable judgment) or (ii) responsible in any manner to any of the Lenders for any recitals, statements, representations or warranties made by any Loan Party or any officer thereof contained
                  in this Agreement or any other Loan Document or in any certificate, report, statement or other document referred to or provided for in, or received by such Agent under or in connection with, this Agreement or any other Loan Document or
                  for the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Loan Document or for any failure of any Loan Party to perform its obligations hereunder or thereunder.

                 

                
                  131

                  
                    

                

                (b)   No Agent shall be deemed to have knowledge of any Default unless and until written notice thereof (stating that it is a “notice of default”) is
                  given to such Agent by the Company, a Lender or an Issuing Bank, and such Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with any
                  Loan Document, (ii) the contents of any certificate, report or other document delivered thereunder or in connection therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth
                  in any Loan Document or the occurrence of any Default, (iv) the sufficiency, validity, enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document, (v) the satisfaction of any condition
                  set forth in Article IV or elsewhere in any Loan Document, other than to confirm receipt of items (which on their face purport to be such items) expressly required to be delivered to such Agent or satisfaction of any condition
                  that expressly refers to the matters described therein being acceptable or satisfactory to such Agent or (vi) the creation, perfection or priority of Liens on the Collateral.

                 

                (c)   Without limiting the foregoing, each Agent (i) may treat the payee of any promissory note as its holder until such promissory note has been
                  assigned in accordance with Section 9.04, (ii) may rely on the Register to the extent set forth in Section 9.04(b), (iii) may consult with legal counsel (including counsel to the Company), independent public accountants
                  and other experts selected by it in its commercially reasonable judgment, and shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or experts, (iv)
                  makes no warranty or representation to any Lender or Issuing Bank and shall not be responsible to any Lender or Issuing Bank for any statements, warranties or representations made by or on behalf of any Loan Party in connection with this
                  Agreement or any other Loan Document, (v) in determining compliance with any condition hereunder to the making of a Loan, or the issuance of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or an
                  Issuing Bank, may presume that such condition is satisfactory to such Lender or such Issuing Bank unless such Agent shall have received notice to the contrary from such Lender or such Issuing Bank sufficiently in advance of the making of
                  such Loan or the issuance of such Letter of Credit and (vi) shall be entitled to rely on, and shall incur no liability under or in respect of this Agreement or any other Loan Document by acting upon, any notice, consent, certificate or
                  other instrument or writing (which writing may be a fax, any electronic message, Internet or intranet website posting or other distribution) or any statement made to it orally or by telephone and reasonably and in good faith believed by
                  it to be genuine and signed or sent or otherwise authenticated by the proper party or parties (whether or not such Person in fact meets the requirements set forth in the Loan Documents for being the maker thereof).

                 

                SECTION 8.03.  Posting of Communications.

                 

                (a)   The Company agrees that the Administrative Agent may, but shall not be obligated to, make any Communications available to the Lenders and the
                  Issuing Banks by posting the Communications on IntraLinksTM, DebtDomain, SyndTrak, ClearPar or any other similar electronic platform chosen by the Administrative Agent reasonably and in good faith to be its electronic transmission system
                  and used by it for such purpose with respect to its credit facilities generally (the “Approved Electronic Platform”).

                 

                (b)  Although the Approved Electronic Platform and its primary web portal are secured with generally-applicable security procedures and policies
                  implemented or modified by the Administrative Agent from time to time (including, as of the Effective Date, a user ID/password authorization system) and the Approved Electronic Platform is secured through a per-deal authorization method
                  whereby each user may access the Approved Electronic Platform only on a deal-by-deal basis, each of the Lenders, the Issuing Banks and the Company acknowledges and agrees that the distribution of material through an electronic medium is
                  not necessarily secure, that the Administrative Agent is not responsible for approving or vetting the representatives or contacts of any Lender that are added to the Approved Electronic Platform, and that there may be confidentiality and
                  other risks associated with such distribution.  Each of the Lenders, the Issuing Banks and the Company hereby approves distribution of the Communications through the Approved Electronic Platform and understands and assumes the risks of
                  such distribution, other than risks arising from the gross negligence, bad faith or willful misconduct of any of the foregoing parties (as determined by a court of competent jurisdiction by a final and nonappealable judgment).

                 

                
                  132

                  
                    

                

                (c)  THE APPROVED ELECTRONIC PLATFORM AND THE COMMUNICATIONS ARE PROVIDED “AS IS” AND “AS AVAILABLE”. THE APPLICABLE PARTIES (AS DEFINED BELOW) DO
                  NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE COMMUNICATIONS, OR THE ADEQUACY OF THE APPROVED ELECTRONIC PLATFORM AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS OR OMISSIONS IN THE APPROVED ELECTRONIC PLATFORM AND THE COMMUNICATIONS. NO
                  WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY THE
                  APPLICABLE PARTIES IN CONNECTION WITH THE COMMUNICATIONS OR THE APPROVED ELECTRONIC PLATFORM. IN NO EVENT SHALL THE ADMINISTRATIVE AGENT, ANY ARRANGER, ANY SYNDICATION AGENT, ANY CO-DOCUMENTATION AGENT OR ANY OF THEIR RESPECTIVE RELATED
                  PARTIES (COLLECTIVELY, “APPLICABLE PARTIES”) HAVE ANY LIABILITY TO ANY LOAN PARTY, ANY LENDER, ANY ISSUING BANK OR ANY OTHER PERSON OR ENTITY FOR DAMAGES OF ANY KIND, INCLUDING DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR
                  CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT, CONTRACT OR OTHERWISE) ARISING OUT OF ANY LOAN PARTY’S OR THE ADMINISTRATIVE AGENT’S TRANSMISSION OF COMMUNICATIONS THROUGH THE INTERNET OR THE APPROVED ELECTRONIC PLATFORM,
                  OTHER THAN DIRECT ACTUAL DAMAGES ARISING FROM THE GROSS NEGLIGENCE, BAD FAITH OR WILLFUL MISCONDUCT OF ANY APPLICABLE PARTY (AS DETERMINED BY A COURT OF COMPETENT JURISDICTION BY A FINAL AND NONAPPEALABLE JUDGMENT).

                 

                (d)   Each Lender and each Issuing Bank agrees that notice to it (as provided in the next sentence) specifying that Communications have been posted
                  to the Approved Electronic Platform shall constitute effective delivery of the Communications to such Lender for purposes of the Loan Documents. Each Lender and each Issuing Bank agrees (i) to notify the Administrative Agent in writing
                  (which could be in the form of electronic communication) from time to time of such Lender’s or such Issuing Bank’s (as applicable) email address to which the foregoing notice may be sent by electronic transmission and (ii) that the
                  foregoing notice may be sent to such email address.

                 

                (e)   Each of the Lenders, each of the Issuing Banks and the Company agrees that the Administrative Agent may, but (except as may be required by
                  applicable law) shall not be obligated to, store the Communications on the Approved Electronic Platform in accordance with the Administrative Agent’s generally applicable document retention procedures and policies.

                 

                (f)    Nothing herein shall prejudice the right of the Administrative Agent, any Lender or any Issuing Bank to give any notice or other communication
                  pursuant to any Loan Document in any other manner specified in such Loan Document.

                 

                SECTION 8.04.  The Agents Individually.  With respect to its Commitments, Loans and Letters of Credit, the Person serving as the
                  Administrative Agent or the Collateral Agent, as applicable, shall have and may exercise the same rights and powers hereunder and is subject to the same obligations and liabilities as and to the extent set forth herein for any other
                  Lender or Issuing Bank, as the case may be. The terms “Issuing Bank”, “Lenders”, “Required Lenders” and any similar terms shall, unless the context clearly otherwise indicates, include the Administrative Agent or the Collateral Agent, as
                  applicable, in its individual capacity as a Lender, an Issuing Bank or as one of the Required Lenders, as applicable. The Person serving as the Administrative Agent or the Collateral Agent, as applicable, and its Affiliates may accept
                  deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of banking, trust or other business with, the Company, any Subsidiary or any Affiliate of
                  any of the foregoing as if such Person was not acting as the Administrative Agent or the Collateral Agent, as applicable, and without any duty to account therefor to the Lenders or the Issuing Banks.

                 

                
                  133

                  
                    

                

                SECTION 8.05.  Successor Agents.

                 

                (a)   Subject to the appointment and acceptance of a successor Administrative Agent or Collateral Agent, as the case may be, as provided in this Section

                    8.05 and subject (in the case of the Collateral Agent) to the terms of the Intercreditor Agreement, either Agent may resign at any time by giving 30 days’ prior written notice thereof to the Lenders, the Issuing Banks and the
                  Company, whether or not a successor Agent has been appointed.  Upon any such resignation, the Required Lenders shall have the right, in consultation with (and, so long as no Default shall then exist, the consent of, such consent not to be
                  unreasonably withheld) the Company, to appoint a successor.  If no successor Agent shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Agent gives notice of its
                  resignation, then the retiring Agent may, on behalf of the Lenders and the Issuing Banks, appoint a successor Agent which shall be a bank with an office in New York, New York, or an Affiliate of any such bank.  Upon the acceptance of its
                  appointment as Administrative Agent or Collateral Agent, as the case may be, hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Agent, and the
                  retiring Agent shall be discharged from its duties and obligations hereunder.  The fees payable by any Borrower to a successor Agent shall be the same as those payable to its predecessor unless otherwise agreed between such Borrower and
                  such successor.  After any Agent’s resignation hereunder, the provisions of this Article and Section 9.03 shall continue in effect for the benefit of such retiring Agent, its sub-agents and their respective Related Parties in
                  respect of any actions taken or omitted to be taken by any of them while it was acting as Administrative Agent or Collateral Agent, as the case may be.  Prior to any retiring Agent’s resignation hereunder as Agent, the retiring Agent
                  shall take such action as may be reasonably necessary to assign to the successor Agent its rights as Agent under the Loan Documents.

                 

                (b)   Notwithstanding paragraph (a) of this Section, and subject (in the case of the Collateral Agent) to the terms of the Intercreditor Agreement,
                  in the event no successor Agent shall have been so appointed and shall have accepted such appointment within 30 days after the retiring Agent gives notice of its intent to resign, the retiring Agent may give notice of the effectiveness of
                  its resignation to the Lenders, the Issuing Banks and the Company, whereupon, on the date of effectiveness of such resignation stated in such notice, (i) the retiring Agent shall be discharged from its duties and obligations hereunder and
                  under the other Loan Documents; provided that, solely for purposes of maintaining any security interest granted to the Agent under any Collateral Document for the benefit of the Secured Parties, the retiring Agent shall continue
                  to be vested with such security interest as collateral agent for the benefit of the Secured Parties, and continue to be entitled to the rights set forth in such Collateral Document and Loan Document, and, in the case of any Collateral in
                  the possession of the Agent, shall continue to hold such Collateral, in each case until such time as a successor Agent is appointed and accepts such appointment in accordance with this Section (it being understood and agreed that the
                  retiring Agent shall have no duty or obligation to take any further action under any Collateral Document, including any action required to maintain the perfection of any such security interest) and (ii) the Required Lenders shall succeed
                  to and become vested with all the rights, powers, privileges and duties of the retiring Agent; provided that (A) all payments required to be made hereunder or under any other Loan Document to the Agent for the account of any
                  Person other than the Agent shall be made directly to such Person and (B) all notices and other communications required or contemplated to be given or made to the applicable Agent shall directly be given or made to each Lender and each
                  Issuing Bank. Following the effectiveness of such Agent’s resignation from its capacity as such, the provisions of this Article VIII and Section 9.03, as well as any exculpatory, reimbursement and indemnification
                  provisions set forth in any other Loan Document, shall continue in effect for the benefit of such retiring Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them
                  while the retiring Agent was acting as Administrative Agent or Collateral Agent, as applicable, and in respect of the matters referred to in the proviso under clause (i) above.

                 

                
                  134

                  
                    

                

                SECTION 8.06.  Acknowledgements of Lenders and Issuing Banks.

                 

                (a)   Each Lender represents that it is engaged in making, acquiring or holding commercial loans in the ordinary course of its business and that it
                  has, independently and without reliance upon any Agent, any Arranger or any other Lender, or any of the Related Parties of any of the foregoing, and based on such documents and information as it has deemed appropriate, made its own credit
                  analysis and decision to enter into this Agreement as a Lender, and to make, acquire or hold Loans hereunder. Each Lender also acknowledges that it will, independently and without reliance upon any Agent, any Arranger or any other Lender,
                  or any of the Related Parties of any of the foregoing, and based on such documents and information (which may contain material, non-public information within the meaning of the United States securities laws concerning the Company and its
                  Affiliates) as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished
                  hereunder or thereunder.

                 

                (b)   Each Lender, by delivering its signature page to this Agreement on the Effective Date, or delivering its signature page to an Assignment and
                  Assumption or any other Loan Document pursuant to which it shall become a Lender hereunder, shall be deemed to have acknowledged receipt of, and consented to and approved, each Loan Document and each other document required to be
                  delivered to, or be approved by or satisfactory to, the Agents or the Lenders on the Effective Date.

                 

                SECTION 8.07.  Collateral Matters.

                 

                (a)   In its capacity, the Collateral Agent is a “representative” of the Secured Parties within the meaning of the term “secured party” as defined in
                  the New York UCC.  Each Lender agrees that no Secured Party (other than the Collateral Agent) shall have the right individually to seek to realize upon the security granted by any Collateral Document, it being understood and agreed that
                  such rights and remedies may be exercised solely by the Collateral Agent for the benefit of the Secured Parties upon the terms of the Collateral Documents.  In the event that any Collateral is hereafter pledged by any Person as collateral
                  security for the Secured Obligations, the Collateral Agent is hereby authorized, and hereby granted a power of attorney, to execute and deliver on behalf of the Secured Parties any Loan Documents necessary or appropriate to grant and
                  perfect a Lien on such Collateral in favor of the Collateral Agent on behalf of the Secured Parties.  The Lenders hereby authorize the Collateral Agent, at its option and in its discretion, to release any Lien granted to or held by the
                  Collateral Agent upon any Collateral (i) as described in Section 9.02(d) and/or Section 9.18; (ii) as permitted by, but only in accordance with, the terms of the applicable Loan Document; or (iii) if approved, authorized
                  or ratified in writing by the Required Lenders, unless such release is required to be approved by all of the Lenders hereunder.  Upon request by the Collateral Agent at any time, the Lenders will confirm in writing the Collateral Agent’s
                  authority to release particular types or items of Collateral pursuant hereto.  Upon any sale or transfer of assets constituting Collateral which is permitted pursuant to the terms of any Loan Document, or consented to in writing by the
                  Required Lenders or all of the Lenders, as applicable, and upon at least five (5) Business Days’ prior written request (or such shorter period as the Collateral Agent may permit) by the Company to the Collateral Agent, the Collateral
                  Agent shall (and is hereby irrevocably authorized by the Lenders to) execute such documents as may be necessary to evidence the release of the Liens granted to the Collateral Agent for the benefit of the Secured Parties herein or pursuant
                  hereto upon the Collateral that was sold or transferred; provided, however, that (i) the Collateral Agent shall not be required to execute any such document on terms which, in the Collateral Agent’s opinion, would expose the Collateral
                  Agent to liability or create any obligation or entail any consequence other than the release of such Liens without recourse or warranty, and (ii) such release shall not in any manner discharge, affect or impair the Secured Obligations or
                  any Liens upon (or obligations of the Company or any Subsidiary in respect of) all interests retained by the Company or any Subsidiary, including (without limitation) the proceeds of the sale, all of which shall continue to constitute
                  part of the Collateral.  Any execution and delivery by the Collateral Agent of documents in connection with any such release shall be without recourse to or warranty by the Collateral Agent.

                 

                
                  135

                  
                    

                

                (b)   In furtherance of the foregoing and not in limitation thereof, no Banking Services Agreement or Swap Agreement will create (or be deemed to
                  create) in favor of any Secured Party that is a party thereto any rights in connection with the management or release of any Collateral or of the obligations of any Loan Party under any Loan Document. By accepting the benefits of the
                  Collateral, each Secured Party that is a party to any such Banking Services Agreement or Swap Agreement, as applicable, shall be deemed to have appointed the Agents to serve as administrative agent and collateral agent, as applicable,
                  under the Loan Documents and agreed to be bound by the Loan Documents as a Secured Party thereunder, subject to the limitations set forth in this paragraph.

                 

                (c)   The Secured Parties irrevocably authorize the Collateral Agent, at its option and in its discretion, to subordinate any Lien on any property
                  granted to or held by the Collateral Agent under any Loan Document to the holder of any Lien on such property that is permitted by Section 6.04(h). The Collateral Agent shall not be responsible for or have a duty to ascertain or
                  inquire into any representation or warranty regarding the existence, value or collectability of the Collateral, the existence, priority or perfection of the Collateral Agent’s Lien thereon or any certificate prepared by any Loan Party in
                  connection therewith, nor shall the Collateral Agent be responsible or liable to the Lenders or any other Secured Party for any failure to monitor or maintain any portion of the Collateral.

                 

                 SECTION 8.08.  Credit Bidding.  The Secured Parties hereby irrevocably authorize the Collateral Agent, at the direction of the Required
                  Lenders, to credit bid all or any portion of the Secured Obligations (including by accepting some or all of the Collateral in satisfaction of some or all of the Secured Obligations pursuant to a deed in lieu of foreclosure or otherwise)
                  and in such manner purchase (either directly or through one or more acquisition vehicles) all or any portion of the Collateral (a) at any sale thereof conducted under the provisions of the Bankruptcy Code, including under Sections 363,
                  1123 or 1129 of the Bankruptcy Code, or any similar laws in any other jurisdictions to which a Loan Party is subject, or (b) at any other sale, foreclosure or acceptance of collateral in lieu of debt conducted by (or with the consent or
                  at the direction of) the Collateral Agent (whether by judicial action or otherwise) in accordance with any applicable law.  In connection with any such credit bid and purchase, the Secured Obligations owed to the Secured Parties shall be
                  entitled to be, and shall be, credit bid by the Collateral Agent at the direction of the Required Lenders on a ratable basis (with Secured Obligations with respect to contingent or unliquidated claims receiving contingent interests in the
                  acquired assets on a ratable basis that shall vest upon the liquidation of such claims in an amount proportional to the liquidated portion of the contingent claim amount used in allocating the contingent interests) for the asset or assets
                  so purchased (or for the equity interests or debt instruments of the acquisition vehicle or vehicles that are issued in connection with such purchase).  In connection with any such bid (i) the Collateral Agent shall be authorized to form
                  one or more acquisition vehicles and to assign any successful credit bid to such acquisition vehicle or vehicles, (ii) each of the Secured Parties’ ratable interests in the Secured Obligations which were credit bid shall be deemed without
                  any further action under this Agreement to be assigned to such vehicle or vehicles for the purpose of closing such sale, (iii) the Collateral Agent shall be authorized to adopt documents providing for the governance of the acquisition
                  vehicle or vehicles (provided that any actions by the Collateral Agent with respect to such acquisition vehicle or vehicles, including any disposition of the assets or equity interests thereof, shall be governed, directly or
                  indirectly, by, and the governing documents shall provide for, control by the vote of the Required Lenders or their permitted assignees under the terms of this Agreement or the governing documents of the applicable acquisition vehicle or
                  vehicles, as the case may be, irrespective of the termination of this Agreement and without giving effect to the limitations on actions by the Required Lenders contained in Section 9.02 of this Agreement), (iv) the Collateral
                  Agent on behalf of such acquisition vehicle or vehicles shall be authorized to issue to each of the Secured Parties, ratably on account of the relevant Secured Obligations which were credit bid, interests, whether as equity, partnership
                  interests, limited partnership interests or membership interests, in any such acquisition vehicle and/or debt instruments issued by such acquisition vehicle, all without the need for any Secured Party or acquisition vehicle to take any
                  further action, and (v) to the extent that Secured Obligations that are assigned to an acquisition vehicle are not used to acquire Collateral for any reason (as a result of another bid being higher or better, because the amount of Secured
                  Obligations assigned to the acquisition vehicle exceeds the amount of Secured Obligations credit bid by the acquisition vehicle or otherwise), such Secured Obligations shall automatically be reassigned to the Secured Parties pro rata with
                  their original interest in such Secured Obligations and the equity interests and/or debt instruments issued by any acquisition vehicle on account of such Secured Obligations shall automatically be cancelled, without the need for any
                  Secured Party or any acquisition vehicle to take any further action.  Notwithstanding that the ratable portion of the Secured Obligations of each Secured Party are deemed assigned to the acquisition vehicle or vehicles as set forth in
                  clause (ii) above, each Secured Party shall execute such documents and provide such information regarding the Secured Party (and/or any designee of the Secured Party which will receive interests in or debt instruments issued by such
                  acquisition vehicle) as the Collateral Agent may reasonably request in connection with the formation of any acquisition vehicle, the formulation or submission of any credit bid or the consummation of the transactions contemplated by such
                  credit bid.

                 

                

                
                  136

                  
                    

                

                SECTION 8.09.  Certain ERISA Matters.

                 

                (a)   Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such
                  Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Agents, and each Arranger and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit
                  of the Company or any other Loan Party, that at least one of the following is and will be true:

                 

                (i)    such Lender is not using “plan assets” (within the meaning of the Plan Asset Regulations) of one or more Benefit Plans
                  in connection with the Loans, the Letters of Credit or the Commitments;

                 

                (ii)   the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions
                  determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving
                  insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset
                  managers), is applicable with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement;

                 

                
                  137

                  
                    

                

                (iii)  (A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part
                  VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and perform the Loans, the Letters of Credit, the Commitments and this
                  Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE
                  84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the
                  Letters of Credit, the Commitments and this Agreement; or

                 

                (iv)  such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its
                  sole discretion, and such Lender.

                 

                (b)   In addition, unless sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or such Lender has provided another
                  representation, warranty and covenant as provided in sub-clause (iv) in the immediately preceding clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants,
                  from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Agents, and the Arrangers, the Syndication Agents, the Co-Documentation Agent or any of their
                  respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that none of the Administrative Agent, or the Arrangers, the Syndication Agents, the Co-Documentation Agents or any
                  of their respective Affiliates is a fiduciary with respect to the assets of such Lender (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any
                  documents related hereto or thereto).

                 

                (c)   The Agents and each Arranger hereby informs the Lenders that each such Person is not undertaking to provide impartial investment advice, or to
                  give advice in a fiduciary capacity, in connection with the transactions contemplated hereby, and that such Person has a financial interest in the transactions contemplated hereby in that such Person or an Affiliate thereof (i) may
                  receive interest or other payments with respect to the Loans, the Letters of Credit, the Commitments, this Agreement and any other Loan Documents, (ii) may recognize a gain if it extended the Loans, the Letters of Credit or the
                  Commitments for an amount less than the amount being paid for an interest in the Loans, the Letters of Credit or the Commitments by such Lender or (iii) may receive fees or other payments in connection with the transactions contemplated
                  hereby, the Loan Documents or otherwise, including structuring fees, commitment fees, arrangement fees, facility fees, commitment fees, upfront fees, underwriting fees, ticking fees, agency fees, administrative agent fees or collateral
                  agent fees, utilization fees, minimum usage fees, letter of credit fees, fronting fees, deal-away or alternate transaction fees, amendment fees, processing fees, term out premiums, banker’s acceptance fees, breakage or other early
                  termination fees or fees similar to the foregoing.

                 

                SECTION 8.10.  Certain Foreign Pledge Matters.

                 

                (a)   The Collateral Agent is hereby authorized to execute and deliver any documents necessary or appropriate to create and perfect the rights of
                  pledge for the benefit of the Secured Parties including a right of pledge with respect to the entitlements to profits, the balance left after winding up and the voting rights of the Company as ultimate parent of any subsidiary of the
                  Company which is organized under the laws of the Netherlands and the Capital Stock of which are pledged in connection herewith (a “Dutch Pledge”).  Without prejudice to the provisions of this Agreement and the other Loan Documents,
                  the parties hereto acknowledge and agree with the creation of parallel debt obligations of the Company or any relevant Subsidiary as will be described in any Dutch Pledge (the “Parallel Debt”), including that any payment received
                  by the Collateral Agent in respect of the Parallel Debt will - conditionally upon such payment not subsequently being avoided or reduced by virtue of any provisions or enactments relating to bankruptcy, insolvency, preference, liquidation
                  or similar laws of general application - be deemed a satisfaction of a pro rata portion of the corresponding amounts of the  Secured Obligations, and any payment to the Secured Parties in satisfaction of the Secured Obligations shall -
                  conditionally upon such payment not subsequently being avoided or reduced by virtue of any provisions or enactments relating to bankruptcy, insolvency, preference, liquidation or similar laws of general application - be deemed as
                  satisfaction of the corresponding amount of the Parallel Debt.  The parties hereto acknowledge and agree that, for purposes of a Dutch Pledge, any resignation by the Collateral Agent is not effective until its rights under the Parallel
                  Debt are assigned to the successor Collateral Agent.

                 

                
                  138

                  
                    

                

                (b)   The parties hereto acknowledge and agree for the purposes of taking and ensuring the continuing validity of German law governed pledges (Pfandrechte) with the creation of parallel debt obligations of the Company and its Subsidiaries as will be further described in a separate German law governed parallel debt undertaking.  The Collateral
                  Agent shall (i) hold such parallel debt undertaking as fiduciary agent (Treuhaender) and (ii) administer and hold as fiduciary agent (Treuhaender) any
                  pledge created under a German law governed Collateral Document which is created in favor of any Secured Party or transferred to any Secured Party due to its accessory nature (Akzessorietaet), in
                  each case of (i) and (ii) in its own name and for the account of the Secured Parties.  Each Lender, on its own behalf and on behalf of its affiliated Secured Parties, hereby authorizes the Collateral Agent to enter as its agent (Vertreter) in its name and on its behalf into any German law governed Collateral Document, to accept as its agent in its name and on its behalf any pledge under such Collateral Document and to agree to
                  and execute as agent in its name and on its behalf any amendments, supplements and other alterations to any such Collateral Document and to release any such Collateral Document and any pledge created under any such Collateral Document in
                  accordance with the provisions herein and/or the provisions in any such Collateral Document.

                

                ARTICLE IX

                

                

                Miscellaneous

                 

                SECTION 9.01.  Notices.  (a)  Except in the case of notices and other communications expressly permitted to be given by telephone or other
                  means permitted hereunder (and subject to paragraph (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered
                  mail or sent by telecopy, as follows:

                 

                (i)    if to any Borrower, to it c/o Modine Manufacturing Company, 1500 DeKoven Avenue, Racine, Wisconsin 53403-2552,
                  Attention: Michael B. Lucareli (Telecopy No. 262-631-7720; Telephone No. 262-636-8446), with a copy to, in the case of any notice of Default or Event of Default, Modine Manufacturing Company, 1500 DeKoven Avenue, Racine, Wisconsin
                  53403-2552, Attention:  Geoff Schiveley (Email G.R.Schiveley@na.modine.com; Telephone No. 262-636-8434);

                 

                (ii)  if to the Administrative Agent or the Collateral Agent, (a) to JPMorgan Chase Bank, N.A., 500 Stanton Christiana Rd,
                  Newark, Delaware 19713, Attention of Jane Dreisbach (Telecopy No. 201-639-5215; Email: jane.dreisbach@jpmorgan.com and 12016395215@tls.ldsprod.com), and with a copy to JPMorgan Chase Bank, N.A., 10 South Dearborn, 9th Floor, Chicago,
                  Illinois 60603, Attention of Krys J. Szremski (Telecopy No. (312) 377-0185), and (b) in the case of a notification of the DQ List, to JPMDQ_Contact@jpmorgan.com;

                 

                
                  139

                  
                    

                

                (iii) if to an Issuing Bank, to it at (a) in the case of JPMorgan Chase Bank, N.A., 10 South Dearborn, Floor L2, Chicago,
                  Illinois 60603, Attention of Chicago LC Agency Activity Team (Telecopy No. 214-307-6874; Email Chicago.LC.Agency.Activity.Team@JPMChase.com) or (b) in the case of any other Issuing Bank, to it at the address and telecopy number specified
                  from time to time by such Issuing Bank to the Company and the Administrative Agent;

                 

                (iv) if to a Swingline Lender, to it at (a) in the case of JPMorgan Chase Bank, N.A., 500 Stanton Christiana Rd, Newark,
                  Delaware 19713, Attention of Jane Dreisbach (Telecopy No. 201-639-5215; Email: jane.dreisbach@jpmorgan.com and 12016395215@tls.ldsprod.com) or (b) in the case of any other Swingline Lender, to it at the address and telecopy number
                  specified from time to time by such Swingline Lender to the Company and the Administrative Agent; and

                 

                (v)   if to any other Lender, to it at its address (or telecopy number) set forth in its Administrative Questionnaire.

                 

                Notices sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices sent by facsimile shall be deemed to have been given
                  when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next business day for the recipient).  Notices delivered through Approved Electronic
                  Platforms, to the extent provided in paragraph (b) below, shall be effective as provided in said paragraph (b).

                 

                (b)   Notices and other communications to the Lenders and the Issuing Banks hereunder may be delivered or furnished by using Approved Electronic
                  Platforms pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices pursuant to Article II unless otherwise agreed by the Administrative Agent and the applicable
                  Lender.  The Administrative Agent or the Company may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval
                  of such procedures may be limited to particular notices or communications.

                 

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

                 

                (d)   Any party hereto may change its address or telecopy number for notices and other communications hereunder by notice to the other parties
                  hereto.

                 

                
                  140

                  
                    

                

                SECTION 9.02.  Waivers; Amendments.  (a)  No failure or delay by the Administrative Agent, any Issuing Bank or any Lender in exercising any
                  right or power hereunder or under any other Loan Document shall operate as a waiver thereof, nor shall any single or partial exercise of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or
                  power, preclude any other or further exercise thereof or the exercise of any other right or power.  The rights and remedies of the Administrative Agent, the Issuing Banks and the Lenders hereunder and under the other Loan Documents are
                  cumulative and are not exclusive of any rights or remedies that they would otherwise have.  No waiver of any provision of this Agreement or consent to any departure by any Borrower therefrom shall in any event be effective unless the same
                  shall be permitted by paragraph (b) of this Section, and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given.  Without limiting the generality of the foregoing, the making of a
                  Loan or issuance of a Letter of Credit shall not be construed as a waiver of any Default, regardless of whether the Administrative Agent, any Lender or any Issuing Bank may have had notice or knowledge of such Default at the time.

                 

                (b)   Except as provided in Section 2.25 with respect to the extension of the Maturity Date or as provided in Section 2.20 with
                  respect to an Incremental Term Loan Amendment or as provided in Section 2.14(c), neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered
                  into by the Borrowers and the Required Lenders or by the Borrowers and the Administrative Agent with the consent of the Required Lenders; provided that no such agreement shall (i) increase  the Commitment of any Lender without the
                  written consent of such Lender (provided that an amendment, modification, waiver or consent with respect to any condition precedent, covenant, mandatory prepayment pursuant to Section 2.11, Event of Default or Default shall not
                  constitute an increase in the Commitment of any Lender), (ii) reduce the principal amount of any Loan or LC Disbursement or reduce the rate of interest thereon (other than waivers or amendments with respect to the application of a default
                  rate of interest pursuant to Section 2.13(b)), or reduce any fees payable hereunder, without the written consent of each Lender directly affected thereby (except that any amendment or modification of the financial covenants in
                  this Agreement (or defined terms used in the financial covenants in this Agreement) shall not constitute a reduction in the rate of interest or fees for purposes of this clause (ii)), (iii) postpone the scheduled date of payment of the
                  principal amount of any Loan or LC Disbursement, or any interest thereon, or any fees payable hereunder, or reduce the amount of, waive or excuse any such payment, or postpone the scheduled date of expiration of any Commitment, without
                  the written consent of each Lender directly affected thereby (other than any reduction of the amount of, or any extension of the payment date for, the mandatory prepayments required under Section 2.11, in each case which shall
                  only require the approval of the Required Revolving Lenders (in the case of a mandatory prepayment of Revolving Loans) or the Required Term Lenders (in the case of a mandatory prepayment of Term Loans)), (iv) change Section 2.09(c)
                  or Section 2.18(b) or (c) in a manner that would alter the ratable reduction of Commitments pro rata sharing of payments required thereby, without the written consent of each Lender, (v) change the payment waterfall
                  provisions of Section 2.24(b) without the written consent of each Lender, (vi) change any of the provisions of this Section or the definitions of “Required Lenders”, “Required Revolving Lenders”, “Required Term Lenders” or
                  “Required Euro Term Lenders” or any other provision hereof specifying the number or percentage of Lenders required to waive, amend or modify any rights hereunder or make any determination or grant any consent hereunder, without the
                  written consent of each Lender directly affected thereby (it being understood that, solely with the consent of the parties prescribed by Section 2.20 to be parties to an Incremental Term Loan Amendment, Incremental Term Loans may
                  be included in the determination of Required Lenders on substantially the same basis as the Commitments and the Revolving Loans are included on the Effective Date), (vii) release (x) the Company from its obligations under Article X
                  (other than with respect to any Borrower ceasing to be a Borrower in accordance with this Agreement) or (y) all or substantially  all of the Guarantors from their obligations under the Guaranty (other than in accordance with the terms of
                  Section 5.09 or Section 9.18 hereof), in each case, without the written consent of each Lender, (viii) except as provided in clause (d) of this Section, Section 9.18 or in any Collateral Document, release all or
                  substantially all of the Collateral, without the written consent of each Lender or (ix) amend the definition of “Secured Obligations” to remove the Foreign Financing Obligations or amend the definition of “Secured Parties” to remove the
                  holders of Foreign Financing Obligations, in each case without the written consent of each Lender that has provided one or more credit facilities constituting Foreign Financing Obligations; provided further that no such
                  agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent, the Collateral Agent, any Issuing Bank or any Swingline Lender hereunder without the prior written consent of the Administrative Agent,
                  the Collateral Agent, such Issuing Bank or such Swingline Lender, as the case may be (it being understood that any change to Section 2.24 shall require the consent of the Administrative Agent, the Issuing Banks and the Swingline
                  Lenders).  Notwithstanding the foregoing, (A) no consent with respect to any amendment, waiver or other modification of this Agreement shall be required of any Defaulting Lender, except with respect to any amendment, waiver or other
                  modification referred to in clause (i), (ii) or (iii) of the first proviso of this paragraph and then only in the event such Defaulting Lender shall be directly and adversely affected by such amendment, waiver or other modification, and
                  (B) as to any amendment, amendment and restatement or other modification otherwise approved in accordance with this Section, it shall not be necessary to obtain the consent or approval of any Lender that, upon giving effect to such
                  amendment, amendment and restatement or other modification, would have no Commitment or outstanding Loans, so long as such Lender receives payment in full of the principal of and interest on each Loan made by, and all other amounts owing
                  to, such Lender or accrued for the account of such Lender under this Agreement and the other Loan Documents at the time such amendment, amendment and restatement or other modification becomes effective.

                 

                
                  141

                  
                    

                

                (c)   If, in connection with any proposed amendment, waiver or consent  requiring the consent of “each Lender” or “each Lender directly affected
                  thereby,” the consent of the Required Lenders is obtained, but the consent of other necessary Lenders is not obtained (any such Lender whose consent is necessary but not obtained being referred to herein as a “Non-Consenting Lender”),

                  then the Company may elect to replace a Non-Consenting Lender as a Lender party to this Agreement, provided that, concurrently with such replacement, (i) another bank or other entity which is reasonably satisfactory to the Company and the
                  Administrative Agent shall agree, as of such date, to purchase for cash the Loans and other Obligations due to the Non-Consenting Lender pursuant to an Assignment and Assumption and to become a Lender for all purposes under this Agreement
                  and to assume all obligations of the Non-Consenting Lender to be terminated as of such date and to comply with the requirements of clause (b) of Section 9.04, (ii) each Borrower shall pay to such Non-Consenting Lender in same day
                  funds on the day of such replacement (1) all interest, fees and other amounts then accrued but unpaid to such Non-Consenting Lender by such Borrower hereunder to and including the date of termination, including without limitation payments
                  due to such Non-Consenting Lender under Sections 2.15 and 2.17, and (2) an amount, if any, equal to the payment which would have been due to such Lender on the day of such replacement under Section 2.16 had the
                  Loans of such Non-Consenting Lender been prepaid on such date rather than sold to the replacement Lender and (iii) such Non-Consenting Lender shall have received the outstanding principal amount of its Loans and participations in LC
                  Disbursements.  Each party hereto agrees that (1) an assignment required pursuant to this paragraph may be effected pursuant to an Assignment and Assumption executed by the Company, the Administrative Agent and the assignee (or, to the
                  extent applicable, an agreement incorporating an Assignment and Assumption by reference pursuant to an Approved Electronic Platform as to which the Administrative Agent and such parties are participants), and (2) the Lender required to
                  make such assignment need not be a party thereto in order for such assignment to be effective and shall be deemed to have consented to and be bound by the terms thereof; provided that, following the effectiveness of any such
                  assignment, the other parties to such assignment agree to execute and deliver such documents necessary to evidence such assignment as reasonably requested by the applicable Lender, provided that any such documents shall be without
                  recourse to or warranty by the parties thereto.

                 

                
                  142

                  
                    

                

                (d)   The Lenders hereby irrevocably authorize the Collateral Agent, at its option and in its sole discretion, to release any Liens granted to the
                  Collateral Agent by the Loan Parties on any Collateral (i) upon the termination of all the Commitments, payment and satisfaction in full in cash of all Secured Obligations (other than Unliquidated Obligations and Senior Note Debt), and
                  the Cash Collateralization of all Unliquidated Obligations, (ii) constituting property being sold or disposed of if the Company certifies to the Collateral Agent that the sale or disposition is made in compliance with the terms of this
                  Agreement (and the Collateral Agent may rely conclusively on any such certificate, without further inquiry), (iii) constituting property leased to the Company or any Subsidiary under a lease which has expired or been terminated, or (iv)
                  as required to effect any sale or other disposition of such Collateral in connection with any exercise of remedies of the Collateral Agent and the Lenders pursuant to Article VII.  Any such release shall not in any manner
                  discharge, affect, or impair the Secured Obligations or any Liens (other than those expressly being released) upon (or obligations of the Loan Parties in respect of) all interests retained by the Loan Parties, including the proceeds of
                  any sale, all of which shall continue to constitute part of the Collateral.  In addition, each of the Lenders, on behalf of itself and any of its Affiliates that are Secured Parties, irrevocably authorizes the Collateral Agent, at its
                  option and in its discretion, (i) to subordinate any Lien on any assets granted to or held by the Collateral Agent under any Loan Document to the holder of any Lien on such property that is permitted by Section 6.04(h) or (ii) in
                  the event that the Company shall have advised the Collateral Agent that, notwithstanding the use by the Company of commercially reasonable efforts to obtain the consent of such holder (but without the requirement to pay any sums to obtain
                  such consent) to permit the Collateral Agent to retain its liens (on a subordinated basis as contemplated by clause (i) above), the holder of such other Indebtedness requires, as a condition to the extension of such credit, that the Liens
                  on such assets granted to or held by the Collateral Agent under any Loan Document be released, to release the Collateral Agent’s Liens on such assets.

                 

                (e)   Notwithstanding the foregoing, this Agreement and any other Loan Document may be amended (or amended and restated) with the written consent of
                  the Required Lenders, the Administrative Agent and the Borrowers (x) to add one or more credit facilities (in addition to the Incremental Term Loans pursuant to an Incremental Term Loan Amendment) to this Agreement and to permit
                  extensions of credit from time to time outstanding thereunder and the accrued interest and fees in respect thereof to share ratably in the benefits of this Agreement and the other Loan Documents with the Revolving Loans, the initial Term
                  Loans, any Incremental Term Loans and the accrued interest and fees in respect thereof and (y) to include appropriately the Lenders holding such credit facilities in any determination of the Required Lenders, the Required Term Lenders,
                  the Required Euro Term Lenders and the Lenders.

                 

                 (f)    If the Administrative Agent and the Company acting together identify any ambiguity, omission, mistake, typographical error or other defect in any provision
                  of this Agreement or any other Loan Document, then the Administrative Agent and the Company shall be permitted to amend, modify or supplement such provision to cure such ambiguity, omission, mistake, typographical error or other defect,
                  and such amendment shall become effective without any further action or consent of any other party to this Agreement.

                 

                

                
                  143

                  
                    

                

                SECTION 9.03.  Expenses; Indemnity; Damage Waiver.  (a)  The Company shall pay (i) all reasonable, documented and invoiced out-of-pocket
                  expenses incurred by the Agents and their Affiliates, including the reasonable, documented and invoiced fees, charges and disbursements of one primary counsel (and one additional local counsel in each applicable jurisdiction) for the
                  Agents, in connection with the syndication and distribution (including, without limitation, via the internet or through a service such as Intralinks) of the credit facilities provided for herein, the preparation, execution, delivery and
                  administration of this Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all
                  reasonable, documented and invoiced out-of-pocket expenses incurred by any Issuing Bank in connection with the issuance, amendment or extension of any Letter of Credit or any demand for payment thereunder and (iii) all reasonable,
                  documented and invoiced out-of-pocket expenses incurred by the Agents, any Issuing Bank or any Lender, including the reasonable fees, charges and disbursements of one primary counsel (and one local counsel in each applicable jurisdiction)
                  for the Agents and one additional counsel for all of the Lenders and additional counsel as the Agents or any Lender or group of Lenders reasonably determines are necessary to avoid actual or potential conflicts of interest or the
                  availability of different claims or defenses, in connection with the enforcement or protection of its rights in connection with this Agreement and any other Loan Document at any time during a Default, including its rights under this
                  Section, or in connection with the Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations during a Default in respect of such Loans or Letters
                  of Credit.

                 

                  

                (b)   The Company shall indemnify each Agent, each Arranger, each Issuing Bank and each Lender, and each Related Party of any of the foregoing
                  Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities, penalties and related reasonable and documented costs and expenses,
                  including the reasonable fees, charges and disbursements of any counsel for any Indemnitee, as and when incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the execution or delivery of
                  any Loan Document or any agreement or instrument contemplated thereby, or the performance by the parties hereto of their respective obligations thereunder or the consummation of the Transactions or any other transactions contemplated
                  hereby, (ii) any Loan or Letter of Credit or the use of the proceeds therefrom (including any refusal by any Issuing Bank to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do
                  not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by the Company or any of its Subsidiaries, or any Environmental
                  Liability related in any way to the Company or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation, arbitration or proceeding relating to any of the foregoing, whether or not such claim, litigation,
                  investigation, arbitration or proceeding is brought by the Company or any other Loan Party or its or their respective equity holders, Affiliates, creditors or any other third Person and whether based on contract, tort or any other theory
                  and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses are
                  determined by a court of competent jurisdiction by final and non-appealable judgment to have resulted from (a) the willful misconduct, bad faith or gross negligence of such Indemnitee or any of its Related Indemnified Persons, (b) a
                  dispute among the Indemnitees not arising from an act or omission of the Company or any of its Affiliates (other than a dispute involving a claim against an Indemnitee for its acts or omissions in its capacity as an arranger, bookrunner,
                  agent or similar role in respect of the credit facilities evidenced by this Agreement, except, with respect to this clause (b), to the extent such acts or omissions are determined by a court of competent jurisdiction by final and
                  non-appealable judgment to have constituted the willful misconduct, bad faith or gross negligence of such Indemnitee in such capacity) or (c) such Indemnitee’s or any of its Related Indemnified Persons’ material breach of the Loan
                  Documents (as determined pursuant to a claim asserted by the Company, whether as a claim, counterclaim or otherwise).  This Section 9.03(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims
                  or damages arising from any non-Tax claim. For purposes of this Section 9.03(b), a “Related Indemnified Person” of an Indemnitee means (1) any controlled Affiliate of such Indemnitee, (2) the respective directors, managers,
                  officers and employees of such Indemnitee and of its controlled Affiliates and (3) the respective agents of such Indemnitee and its controlled Affiliates, in the case of this clause (3), acting at the express instructions of such
                  Indemnitee or such controlled Affiliate; provided that each reference to a controlled affiliate, director, manager, officer or employee in this sentence pertains to a controlled affiliate, director, manager, officer or employee
                  involved in the structuring, arrangement, negotiation or syndication of the credit facilities evidenced by this Agreement and/or the consummation of the transactions contemplated by the Loan Documents.

                 

                
                  144

                  
                    

                

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

                 

                (d)   To the extent permitted by applicable law, the Company shall not assert, and hereby waives, any claim against any Indemnitee, (i) for any
                  damages arising from the use by others of information or other materials obtained through telecommunications, electronic or other information transmission systems (including the Internet), other than for direct or actual damages
                  determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence, bad faith or willful misconduct of such Indemnitee or (ii) on any theory of liability, for special, indirect,
                  consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the
                  Transactions, any Loan, any Letter of Credit or the use of the proceeds thereof.

                 

                (e)   All amounts due under this Section shall be payable not later than 30 days after written demand therefor accompanied by a reasonably detailed
                  calculation of the amount demanded.

                 

                SECTION 9.04.  Successors and Assigns.  (a)  The provisions of this Agreement shall be binding upon and inure to the benefit of the parties
                  hereto and their respective successors and assigns permitted hereby (including any Affiliate of an Issuing Bank that issues any Letter of Credit), except that (i) no Borrower may assign or otherwise transfer any of its rights or
                  obligations hereunder without the prior written consent of each Lender (and any attempted assignment or transfer by any Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights
                  or obligations hereunder except in accordance with this Section.  Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns
                  permitted hereby (including any Affiliate of an Issuing Bank that issues any Letter of Credit), Participants (to the extent provided in paragraph (c) of this Section) and, to the extent expressly contemplated hereby, the Related Parties
                  of each of the Administrative Agent, the Issuing Banks and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

                 

                (b)(i)     Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign to one or more Persons (other than an Ineligible Institution) all or a
                  portion of its rights and obligations under this Agreement (including all or a portion of its Commitments, participations in Letters of Credit and the Loans at the time owing to it) with the prior written consent (such consent not to be
                  unreasonably withheld, conditioned or delayed, it being understood that in the case of any assignment that requires the Company’s consent, without limiting any other factors that may be reasonable, it shall be reasonable for the Company
                  to consider a proposed assignee’s right to require reimbursement for increased costs when determining whether to consent to such an assignment) of:

                 

                
                  145

                  
                    

                

                (A) the Company (provided that the Company shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the
                  Administrative Agent within ten (10) Business Days after having received notice thereof), provided that no consent of the Company shall be required (but notice to the Company, either prior to or promptly after such assignment,
                  shall be required) for an assignment to (1) a Lender, an Affiliate of a Lender or an Approved Fund or (2) if an Event of Default under clause (a), (g), (h) or (k) of Article VII has occurred and is continuing, any other assignee;
                  and

                 

                (B) the Administrative Agent;

                 

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

                 

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

                 

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

                 

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

                 

                (B) each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement, provided
                  that this clause shall not be construed to prohibit the assignment of a proportionate part of all the assigning Lender’s rights and obligations in respect of one Class of Commitments or Loans;

                 

                (C) the parties to each assignment shall execute and deliver to the Administrative Agent (x) an Assignment and Assumption or (y) to the extent applicable, an agreement
                  incorporating an Assignment and Assumption by reference pursuant to an Approved Electronic Platform as to which the Administrative Agent and the parties to the Assignment and Assumption are participants, together with a processing and
                  recordation fee of $3,500, such fee to be paid by either the assigning Lender or the assignee Lender or shared between such Lenders;

                 

                (D) the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent (i) an Administrative Questionnaire in which the assignee designates one or
                  more credit contacts to whom all syndicate-level information (which may contain material non-public information about the Company and its Affiliates and their Related Parties or their respective securities) will be made available and who
                  may receive such information in accordance with the assignee’s compliance procedures and applicable laws, including Federal and state securities laws and (ii) an executed joinder to the Intercreditor Agreement in the form contemplated
                  thereby;

                 

                
                  146

                  
                    

                

                (E) without the prior written consent of the Administrative Agent, no assignment shall be made to a prospective assignee that bears a
                    relationship to the Company described in Section 108(e)(4) of the Code;

                 

                (F) the assignee shall not be the Company or any Subsidiary or Affiliate of the Company; and

                 

                (G) any assignment or transfer to or assumption by  any Person of all or a portion of a Lender’s rights and obligations under this Agreement
                  (including all or a portion of its Commitments or Loans) with respect to a Dutch Borrower shall only be permitted if such Person is a Dutch Non-Public Lender.

                 

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

                 

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

                 

                “Ineligible Institution” means (a) a natural person, (b) a Defaulting Lender or its Lender Parent, (c) the Company, any of its Subsidiaries or any of its Affiliates, (d) a company,
                  investment vehicle or trust for, or owned and operated for the primary benefit of, a natural person or relative(s) thereof or (e) a Disqualified Institution.

                 

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

                 

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

                 

                
                  147

                  
                    

                

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

                 

                (c)          (i)  Any Lender may, without the consent of the Company, the Administrative Agent, any Issuing Bank or any Swingline Lender, sell participations to one or more banks or other
                  entities (a “Participant”), other than an Ineligible Institution, in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans owing to it);
                  provided that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations, (C) the Borrowers, the
                  Administrative Agent, the Issuing Banks and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement and (D) without

                    the prior written consent of the Administrative Agent, no participation shall be sold to a  prospective participant that bears a relationship to the Company described in Section 108(e)(4) of the Code.  Any agreement or instrument
                  pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided
                  that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described in the first proviso to Section 9.02(b) or in clause (i) of
                  Section 9.04(a) that affects such Participant.  Subject to paragraph (c)(ii) of this Section, each Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.15, 2.16 and 2.17 to
                  the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section.  To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 9.08
                  as though it were a Lender, provided such Participant agrees to be subject to Section 2.18(c) as though it were a Lender.  Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of
                  the Borrowers, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the Loan Documents (the
                  “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s
                  interest in any Commitments, Loans, Letters of Credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such Commitment, Loan, Letter of Credit or
                  other obligation is in registered form under Treasury Regulations Section 5f.103-1(c) and Proposed Treasury Regulations Section 1.163-5(b) (or any amended or successor version).  The entries in the Participant Register shall be conclusive
                  absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary.  For the
                  avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register.

                 

                
                  148

                  
                    

                

                (ii)         A Participant shall not be entitled to receive any greater payment under Section 2.15 or 2.17 than the applicable Lender would have been entitled to receive
                  with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Company’s prior written consent.  A Participant that would be a Foreign Lender if it were a Lender shall
                  not be entitled to the benefits of Section 2.17 unless the Company is notified of the participation sold to such Participant and such Participant agrees, for the benefit of the Company, to comply with Section 2.17(e) and (h)
                  as though it were a Lender.

                 

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

                 

                (e) Disqualified Institutions.

                 

                (i)          No assignment or participation shall be made to any Person that was a Disqualified Institution as of the date (the “Trade Date”) on which the assigning Lender
                  entered into a binding agreement to sell and assign or grant a participation in all or a portion of its rights and obligations under this Agreement to such Person (unless the Company has consented to such assignment or participation in
                  writing in its sole and absolute discretion, in which case such Person will not be considered a Disqualified Institution for the purpose of such assignment or participation). For the avoidance of doubt, with respect to any assignee or
                  Participant that becomes a Disqualified Institution after the applicable Trade Date (including as a result of the delivery of a notice pursuant to, and/or the expiration of the notice period referred to in, the definition of “Disqualified
                  Institution”), (x) such assignee or Participant shall not retroactively be disqualified from being a Lender or Participant and (y) the execution by the Company of an Assignment and Assumption with respect to such assignee will not by
                  itself result in such assignee no longer being considered a Disqualified Institution. Any assignment or participation in violation of this clause (e)(i) shall not be void, but the other provisions of this clause (e) shall
                  apply.

                 

                (ii)          If any assignment or participation is made to any Disqualified Institution without the Company’s prior written consent in violation of clause (i) above, or if any
                  Person becomes a Disqualified Institution after the applicable Trade Date, the Company may, at its sole expense and effort, upon notice to the applicable Disqualified Institution and the Administrative Agent, require such Disqualified
                  Institution to assign, without recourse (in accordance with and subject to the restrictions contained in this Section 9.04), all of its interest, rights and obligations under this Agreement to one or more Persons (other than an
                  Ineligible Institution) at the lesser of (x) the principal amount thereof and (y) the amount that such Disqualified Institution paid to acquire such interests, rights and obligations in each case plus accrued interest, accrued fees and
                  all other amounts (other than principal amounts) payable to it hereunder.

                 

                
                  149

                  
                    

                

                (iii)        Notwithstanding anything to the contrary contained in this Agreement, Disqualified Institutions to whom an assignment or participation is made in violation of clause (i)
                  above (A) will not have the right to (x) receive information, reports or other materials provided to Lenders by the Company, the Administrative Agent or any other Lender, (y) attend or participate in meetings attended by the Lenders (or
                  any of them) and the Administrative Agent, or (z) access any electronic site established for the Lenders or confidential communications from counsel to or financial advisors of the Administrative Agent or the Lenders and (B) (x) for
                  purposes of any consent to any amendment, waiver or modification of, or any action under, and for the purpose of any direction to the Administrative Agent or any Lender to undertake any action (or refrain from taking any action) under
                  this Agreement or any other Loan Document, each Disqualified Institution will be deemed to have consented in the same proportion as the Lenders that are not Disqualified Institutions consented to such matter, and (y) for purposes of
                  voting on any plan of reorganization, each Disqualified Lender party hereto hereby agrees (1) not to vote on such plan of reorganization, (2) if such Disqualified Lender does vote on such plan of reorganization notwithstanding the
                  restriction in the foregoing clause (1), such vote will be deemed not to be in good faith and shall be “designated” pursuant to Section 1126(e) of the Bankruptcy Code (or any similar provision in any other applicable laws), and such vote
                  shall not be counted in determining whether the applicable class has accepted or rejected such plan of reorganization in accordance with Section 1126(c) of the Bankruptcy Code (or any similar provision in any other applicable laws) and
                  (3) not to contest any request by any party for a determination by the Bankruptcy Court (or other applicable court of competent jurisdiction) effectuating the foregoing clause (2).

                 

                (iv)         The Administrative Agent shall have the right, and the Company hereby expressly authorizes the Administrative Agent, to (A) post the list of Disqualified Institutions
                  provided by the Company and any updates thereto from time to time (collectively, the “DQ List”) on an Approved Electronic Platform, including that portion of such Approved Electronic Platform that is designated for “public side”
                  Lenders and/or (B) provide the DQ List to each Lender or potential Lender requesting the same.

                 

                (v)         The Administrative Agent shall not be responsible or have any liability for, or have any duty to ascertain, inquire into, monitor or enforce, compliance with the provisions
                  hereof relating to Disqualified Institutions.  Without limiting the generality of the foregoing, the Administrative Agent shall not (x) be obligated to ascertain, monitor or inquire as to whether any Lender or Participant or prospective
                  Lender or Participant is a Disqualified Institution or (y) have any liability with respect to or arising out of any assignment or participation of Loans, or disclosure of confidential information, by any other Person to any Disqualified
                  Institution.

                 

                SECTION 9.05.  Survival.  All covenants, agreements, representations and warranties made by the Loan Parties in the Loan Documents and in the
                  certificates or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery
                  of the Loan Documents and the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative Agent, any Issuing Bank or
                  any Lender may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect in accordance with their terms as long as the
                  principal of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement or any other Loan Document is outstanding and unpaid or any Letter of Credit is outstanding and so long as the Commitments have
                  not expired or terminated.  The provisions of Sections 2.15, 2.16, 2.17, 9.03 and 9.12 and Article VIII shall survive and remain in full force and effect regardless of the consummation of
                  the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Letters of Credit and the Commitments or the termination of this Agreement or any other Loan Document or any provision hereof or
                  thereof.

                 

                
                  150

                  
                    

                

                SECTION 9.06.  Counterparts; Integration; Effectiveness; Electronic Execution.  This Agreement may be executed in counterparts (and by
                  different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.  This Agreement, the other Loan Documents and any separate letter
                  agreements with respect to fees payable to the Administrative Agent constitute the entire contract among the parties relating to the subject matter hereof and thereof and supersede any and all previous agreements and understandings, oral
                  or written, relating to the subject matter hereof and thereof.  Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative
                  Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective
                  successors and assigns.  Delivery of an executed counterpart of a signature page of this Agreement by telecopy, e-mailed .pdf or any other electronic means that reproduces an image of the actual executed
                    signature page shall be effective as delivery of a manually executed counterpart of this Agreement.  The words “execution,” “signed,” “signature,” “delivery,” and words of like import in or relating to any  document to be signed in
                    connection with this Agreement and the transactions contemplated hereby shall be deemed to include Electronic Signatures, deliveries or the keeping of records in electronic form, each of which shall be of the same legal effect, validity
                    or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal
                    Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act.

                 

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

                 

                SECTION 9.08.  Right of Setoff.  If an Event of Default shall have occurred and be continuing, each Lender and each of its Affiliates is
                  hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final and in whatever currency denominated, but
                  excluding deposits held in a trustee, fiduciary, agency or similar capacity or otherwise for the benefit of a third party) at any time held and other obligations at any time owing by such Lender or Affiliate to or for the credit or the
                  account of any Borrower or any Guarantor against any of and all of the Obligations held by such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement and although such obligations may be
                  unmatured; provided that, promptly after any such set off and application, such Lender or Affiliate shall give notice thereof to the Company; provided further that any failure to give such notice shall not affect
                  the validity of such setoff and application under this Section.  The rights of each Lender under this Section are in addition to other rights and remedies (including other rights of setoff) which such Lender may have.  Each Lender and
                  Issuing Bank agrees to notify the Company and the Administrative Agent promptly after any such setoff and application; provided that the failure to give such notice shall not affect the validity of such setoff and application.

                 

                SECTION 9.09.  Governing Law; Jurisdiction; Consent to Service of Process.  (a)  This Agreement shall be construed in accordance with and
                  governed by the law of the State of New York, excluding conflict of law principles providing for the application of the laws of any other jurisdiction.

                 

                
                  151

                  
                    

                

                (b)   Each of the Lenders and the Administrative Agent hereby irrevocably and unconditionally agrees that, notwithstanding the governing law
                  provisions of any applicable Loan Document, any claims brought against the Administrative Agent by any Lender relating to this Agreement, any other Loan Document or the consummation or administration of the transactions contemplated
                  hereby or thereby shall be construed in accordance with and governed by the law of the State of New York.

                 

                (c)   Each Borrower hereby irrevocably and unconditionally submits, for itself and its property, to the exclusive jurisdiction of the United States
                  District Court for the Southern District of New York sitting in the Borough of Manhattan (or if such court lacks subject matter jurisdiction, the Supreme Court of the State of New York sitting in the  Borough of Manhattan), and any
                  appellate court from any thereof, in any action or proceeding arising out of or relating to this Agreement or any other Loan Document or the transactions relating hereto or thereto, or for recognition or enforcement of any judgment, and
                  each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may (and any such claims, cross-claims or third party claims brought against the Administrative Agent or
                  any of its Related Parties may only) be heard and determined in such Federal (to the extent permitted by law) or New York State court.  Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be
                  conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law.  Nothing in this Agreement or any other Loan Document shall affect any right that the Administrative Agent, any Issuing
                  Bank or any Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against any Loan Party or its properties in the courts of any jurisdiction.

                 

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

                 

                (e)   Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 9.01.  Each
                  Foreign Subsidiary Borrower irrevocably designates and appoints the Company, as its authorized agent, to accept and acknowledge on its behalf, service of any and all process which may be served in any suit, action or proceeding of the
                  nature referred to in Section 9.09(c) in any federal or New York State court sitting in New York City.  The Company hereby represents, warrants and confirms that the Company has agreed to accept such appointment (and any similar
                  appointment by a Guarantor which is a Foreign Subsidiary).  Said designation and appointment shall be irrevocable by each such Foreign Subsidiary Borrower until all Loans, all reimbursement obligations, interest thereon and all other
                  amounts payable by such Foreign Subsidiary Borrower hereunder and under the other Loan Documents shall have been paid in full in accordance with the provisions hereof and thereof and such Foreign Subsidiary Borrower shall have been
                  terminated as a Borrower hereunder pursuant to Section 2.23.  Each Foreign Subsidiary Borrower hereby consents to process being served in any suit, action or proceeding of the nature referred to in Section 9.09(c) in any
                  federal or New York State court sitting in New York City by service of process upon the Company as provided in this Section 9.09(e); provided that, to the extent lawful and possible, notice of said service upon such agent
                  shall be mailed by registered or certified air mail, postage prepaid, return receipt requested, to the Company and (if applicable to) such Foreign Subsidiary Borrower at its address set forth in the Borrowing Subsidiary Agreement to which
                  it is a party or to any other address of which such Foreign Subsidiary Borrower shall have given written notice to the Administrative Agent (with a copy thereof to the Company).  Each Foreign Subsidiary Borrower irrevocably waives, to the
                  fullest extent permitted by law, all claim of error by reason of any such service in such manner and agrees that such service shall be deemed in every respect effective service of process upon such Foreign Subsidiary Borrower in any such
                  suit, action or proceeding and shall, to the fullest extent permitted by law, be taken and held to be valid and personal service upon and personal delivery to such Foreign Subsidiary Borrower.  To the extent any Foreign Subsidiary
                  Borrower has or hereafter may acquire any immunity from jurisdiction of any court or from any legal process (whether from service or notice, attachment prior to judgment, attachment in aid of execution of a judgment, execution or
                  otherwise), each Foreign Subsidiary Borrower hereby irrevocably waives such immunity in respect of its obligations under the Loan Documents.  Nothing in this Agreement or any other Loan Document will affect the right of any party to this
                  Agreement to serve process in any other manner permitted by law.

                 

                
                  152

                  
                    

                

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

                 

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

                 

                SECTION 9.12.  Confidentiality.  Each of the Administrative Agent, the Swingline Lenders, the Issuing Banks and the Lenders agrees to
                  maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its and its Affiliates’ directors, officers, employees and agents, including accountants, legal counsel and other advisors
                  on a need-to-know basis (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential to the same extent as if
                  they were parties hereto and the disclosing Administrative Agent, Swingline Lender, Issuing Bank or Lender shall be responsible for any violation of the provisions of this Section 9.12 by any such Person), (b) to the extent requested by
                  any regulatory authority (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent required (i) by applicable laws or regulations or (ii) by any subpoena or similar legal
                  process, (d) to any other party to this Agreement, (e) in connection with the exercise of any remedies under this Agreement or any other Loan Document or any suit, action or proceeding relating to this Agreement or any other Loan Document
                  or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or
                  Participant in, any of its rights or obligations under this Agreement (it being understood that the DQ List may be disclosed to any assignee or Participant, or prospective assignee or Participant, in reliance on and subject to the terms
                  of this clause (f)(i)) or (ii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to any Borrower and its obligations, (g) on a confidential basis to (A) any rating agency in connection
                  with rating the Company or its Subsidiaries or the credit facilities provided for herein or (B) the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers with respect to the credit
                  facilities provided for herein, (h) with the prior written consent of the Company or (i) to the extent such Information (A) becomes publicly available other than as a result of a breach of this Section or (B) becomes available to the
                  Administrative Agent, any Issuing Bank or any Lender on a nonconfidential basis from a source other than the Company or any of its Subsidiaries that the Administrative Agent, such Issuing Bank or such Lender, as applicable, reasonably
                  believes is not prohibited from disclosing such information to such party in violation of a duty or contractual  obligation of confidentiality to the Company or any of its Subsidiaries.  In the event of disclosure pursuant to clause
                    (c)(i) or (ii) above, the applicable disclosing Person shall, (x) to the extent not prohibited by applicable law, rule or regulation, as promptly as practicable notify the Company in writing of such required disclosure and
                  if possible, prior to any such required disclosure, so as to provide the Company, at its sole expense, the reasonable opportunity to obtain a protective order or other comparable relief regarding such disclosure, (y) if the Company is
                  unable to successfully obtain a protective order or other comparable relief, so furnish only that portion of the Information which such disclosing Person reasonably determines (which may be in reliance on the advice of legal counsel) it
                  is legally required to disclose and (z) use commercially reasonable efforts to ensure that any such Information so disclosed is accorded confidential treatment.  For the purposes of this Section, “Information” means all information
                  which is received from or on behalf of the Company relating to the Company, its Subsidiaries or Affiliates or their respective business, other than any such information that is available to the Administrative Agent, any Issuing Bank or
                  any Lender on a nonconfidential basis prior to disclosure by the Company and other than information pertaining to this Agreement routinely provided by arrangers to data service providers, including
                    league table providers, that serve the lending industry.  Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such
                  Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information but in no event less than a reasonable degree of care.

                 

                
                  153

                  
                    

                

                Notwithstanding the foregoing or any other provision of this Agreement to the contrary, nothing contained in this Agreement shall be deemed to prohibit the Administrative Agent, any
                  Swingline Lender, any Issuing Bank or any Lender from disclosing Information in any manner subject to protection under any foreign, federal, state or local whistleblower law.

                 

                EACH LENDER ACKNOWLEDGES THAT INFORMATION AS DEFINED IN THE IMMEDIATELY PRECEDING PARAGRAPH FURNISHED TO IT PURSUANT TO THIS AGREEMENT MAY INCLUDE MATERIAL NON-PUBLIC
                  INFORMATION CONCERNING THE COMPANY AND  ITS RELATED PARTIES OR THEIR RESPECTIVE SECURITIES, AND CONFIRMS THAT IT HAS DEVELOPED COMPLIANCE PROCEDURES REGARDING THE USE OF MATERIAL NON-PUBLIC INFORMATION AND THAT IT WILL HANDLE SUCH
                  MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH THOSE PROCEDURES AND APPLICABLE LAW, INCLUDING FEDERAL AND STATE SECURITIES LAWS.

                 

                ALL INFORMATION, INCLUDING REQUESTS FOR WAIVERS AND AMENDMENTS, FURNISHED BY OR ON BEHALF OF THE COMPANY OR THE ADMINISTRATIVE AGENT PURSUANT TO, OR IN THE COURSE OF
                  ADMINISTERING, THIS AGREEMENT WILL BE SYNDICATE-LEVEL INFORMATION, WHICH MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION ABOUT THE COMPANY, THE OTHER LOAN PARTIES AND THEIR RELATED PARTIES OR THEIR RESPECTIVE SECURITIES.  ACCORDINGLY, EACH
                  LENDER REPRESENTS TO THE COMPANY AND THE ADMINISTRATIVE AGENT THAT IT HAS IDENTIFIED IN ITS ADMINISTRATIVE QUESTIONNAIRE A CREDIT CONTACT WHO MAY RECEIVE INFORMATION THAT MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH ITS
                  COMPLIANCE PROCEDURES AND APPLICABLE LAW AND AGREES TO UPDATE SUCH CREDIT CONTACT BY NOTICE TO THE COMPANY AND THE ADMINISTRATIVE AGENT FROM TIME TO TIME AS NECESSARY TO CAUSE THE FOREGOING REPRESENTATION TO BE TRUE AT ALL TIMES.

                 

                
                  154

                  
                    

                

                SECTION 9.13.  USA PATRIOT Act; Beneficial Ownership Regulation.  Each Lender that is subject to the requirements of the USA Patriot Act
                  (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”) and the requirements of the Beneficial Ownership Regulation hereby notifies each Loan Party that pursuant to the requirements of the Patriot Act
                  and the Beneficial Ownership Regulation, it is required to obtain, verify and record information that identifies such Loan Party, which information includes the name, address and tax identification number of such Loan Party and other
                  information that will allow such Lender to identify such Loan Party in accordance with the Patriot Act and the Beneficial Ownership Regulation.

                 

                SECTION 9.14.  Interest Rate Limitation.  Notwithstanding anything herein to the contrary, if at any time the interest rate applicable to any
                  Loan, together with all fees, charges and other amounts which are treated as interest on such Loan under applicable law (collectively the “Charges”), shall exceed the maximum lawful rate (the “Maximum Rate”) which may be
                  contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance with applicable law, the rate of interest payable in respect of such Loan hereunder, together with all Charges payable in respect thereof,
                  shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable in respect of such Loan but were not payable as a result of the operation of this Section shall be cumulated and the
                  interest and Charges payable to such Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate therefor) until such cumulated amount, together with interest thereon at the NYFRB Rate to the date of
                  repayment, shall have been received by such Lender.

                 

                SECTION 9.15.  No Advisory or Fiduciary Responsibility.

                 

                (a)   Each Loan Party acknowledges and agrees, and acknowledges its Subsidiaries’ understanding, that no Credit Party
                    will have any obligations except those obligations expressly set forth herein and in the other Loan Documents and each Credit Party is acting solely in the capacity of an arm’s length contractual counterparty to such Loan Party with
                    respect to the Loan Documents and the transactions contemplated herein and therein and not as a financial advisor or a fiduciary to, or an agent of, such Loan Party or any other person.  Each Loan Party agrees that it will not assert
                    any claim against any Credit Party based on an alleged breach of fiduciary duty by such Credit Party in connection with this Agreement and the transactions contemplated hereby.  Additionally, each Loan Party acknowledges and agrees that
                    no Credit Party is advising such Loan Party as to any legal, tax, investment, accounting, regulatory or any other matters in any jurisdiction in connection with this Agreement, the other Loan Documents and the credit facilities
                    evidenced hereby.  Each Loan Party shall consult with its own advisors concerning such matters and shall be responsible for making its own independent investigation and appraisal of the transactions contemplated herein or in the other
                    Loan Documents, and the Credit Parties shall have no responsibility or liability to any Loan Party with respect thereto.

                 

                (b)   Each Loan Party further acknowledges and agrees, and acknowledges its Subsidiaries’ understanding, that each
                    Credit Party, together with its Affiliates, is a full service securities or banking firm engaged in securities trading and brokerage activities as well as providing investment banking and other financial services.  In the ordinary
                    course of business, any Credit Party may provide investment banking and other financial services to, and/or acquire, hold or sell, for its own accounts and the accounts of customers, equity, debt and other securities and financial
                    instruments (including bank loans and other obligations) of, such Loan Party, its Subsidiaries and other companies with which such Loan Party or any of its Subsidiaries may have commercial or other relationships.  With respect to any
                    securities and/or financial instruments so held by any Credit Party or any of its customers, all rights in respect of such securities and financial instruments, including any voting rights, will be exercised by the holder of the rights,
                    in its sole discretion.

                 

                
                  155

                  
                    

                

                (c)   In addition, each Loan Party acknowledges and agrees, and acknowledges its Subsidiaries’ understanding, that each
                    Credit Party and its affiliates may be providing debt financing, equity capital or other services (including financial advisory services) to other companies in respect of which such Loan Party or any of its Subsidiaries may have
                    conflicting interests regarding the transactions described herein and otherwise.  No Credit Party will use Information obtained from the Loan Party by virtue of the transactions contemplated by the Loan Documents or its other
                    relationships with the Loan Party in connection with the performance by such Credit Party of services for other companies, and no Credit Party will furnish any such Information to other companies.  Each Loan Party also acknowledges that
                    no Credit Party has any obligation to use in connection with the transactions contemplated by the Loan Documents, or to furnish to such Loan Party or any of its Subsidiaries, confidential information obtained from other companies.

                 

                SECTION 9.16.  Attorney Representation.  If a Dutch Borrower is represented by an attorney in connection with the signing and/or
                  execution of the Agreement and/or any other Loan Document it is hereby expressly acknowledged and accepted by the parties to the Agreement and/or any other Loan Document that the existence and extent of the attorney’s authority and the
                  effects of the attorney’s exercise or purported exercise of his or her authority shall be governed by the laws of the Netherlands.

                 

                SECTION 9.17.  Acknowledgement and Consent to Bail-In of EEA Financial Institutions.  Notwithstanding anything to the contrary in any
                  Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any EEA Financial Institution arising under any Loan Document may be subject to the
                  Write-Down and Conversion Powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

                 

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

                 

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

                 

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

                 

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

                 

                (iii)  the variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers
                  of any EEA Resolution Authority.

                 

                To the extent not prohibited by applicable law, rule or regulation, each Lender shall notify the Company and the Administrative Agent if it has become the subject of a Bail-In Action (or any case or other
                  proceeding in which a Bail-In Action may occur).

                 

                

                
                  156

                  
                    

                

                SECTION 9.18.  Releases of Guarantor and Collateral.

                 

                (a)   Subject to the terms of the Intercreditor Agreement, a Guarantor shall automatically be released from its obligations under the applicable
                  Guaranty upon the consummation of any transaction permitted by this Agreement (including by virtue of any amendment, waiver or consent in accordance with this Agreement) as a result of which such Guarantor ceases to be a Subsidiary; provided
                  that, if so required by this Agreement, the Required Lenders shall have consented to such transaction and the terms of such consent shall not have provided otherwise.  In connection with any termination or release pursuant to this
                  Section, the Collateral Agent shall (and is hereby irrevocably authorized by each Lender to) execute and deliver to the applicable Loan Party, at such Loan Party’s expense, all documents that such Loan Party shall reasonably request to
                  evidence such termination or release.  Any execution and delivery of documents pursuant to this Section shall be without recourse to or warranty by the Collateral Agent.

                 

                (b)   Subject to the terms of the Intercreditor Agreement, the Collateral Agent shall (and is hereby irrevocably authorized by each Lender to),
                  promptly upon the request of the Company, release any Guarantor from its obligations under the applicable Guaranty if such Guarantor is no longer obligated to be a Guarantor pursuant to Section 5.09 hereof; provided, however, that
                  in no event shall any Guarantor be released pursuant to this Section 9.18(b) unless and until such Guarantor is not any of the following (including as the result of any substantially contemporaneous release of such Guarantor as
                  such):  (i) a guarantor (whether directly or indirectly) in respect of obligations under the Senior Note Purchase Documents or (ii) liable as a borrower, co-borrower or other obligor under the Senior Note Purchase Documents.

                 

                (c)   Subject to the terms of the Intercreditor Agreement, at such time as the principal and interest on the Loans, the Foreign Financing
                  Obligations, all LC Disbursements, the fees, expenses and other amounts payable under the Loan Documents, the Foreign Financing Obligations and the other Obligations (in each case, other than obligations not yet due and payable under any
                  Rate Management Transaction or any Banking Services Agreement, other Obligations and Foreign Financing Obligations expressly stated to survive such payment and termination and any obligations in respect of the Senior Note Debt) shall have
                  been paid in full in cash, the Commitments and any commitments with respect to Foreign Financing Obligations shall have been terminated and no Letters of Credit shall be outstanding (except those that are Cash Collateralized), the
                  Guaranties and all obligations (other than those expressly stated to survive such termination) of each Guarantor thereunder shall automatically terminate, all without delivery of any instrument or performance of any act by any Person.

                 

                (d)   Subject to the terms of the Intercreditor Agreement, upon (a) any sale or disposition by any Loan Party (other than to any Loan Party) of any
                  Collateral in a transaction permitted under this Agreement (including by virtue of any merger or consolidation permitted under this Agreement) or (b) the release of the security interest created under any Collateral Document in any
                  Collateral pursuant to Section 9.02, the security interests in such Collateral created by the Collateral Documents shall be automatically released.  In connection with any such termination or release pursuant to this Section, the
                  Collateral Agent shall execute and deliver to the applicable Loan Party, at such Loan Party’s expense, all documents that such Loan Party shall reasonably request to evidence such termination or release in accordance with Section 9.02; provided,
                  however, that (i) the Collateral Agent shall not be required to execute any such document on terms which, in the Collateral Agent’s reasonable opinion, would expose the Collateral Agent or the Administrative Agent to liability or
                  create any obligation or entail any consequence other than the release of such Liens without recourse or warranty, and (ii) such release shall not in any manner discharge, affect or impair the Secured Obligations or any Liens upon (or
                  obligations of the Company or any Subsidiary in respect of) all interests retained by the Company or any Subsidiary, including (without limitation) the proceeds of such sale or disposition, all of which shall continue to constitute part
                  of the Collateral.  Any execution and delivery of documents pursuant to this Section shall be without recourse to or warranty by the Collateral Agent.

                 

                
                  157

                  
                    

                

                SECTION 9.19.  Appointment for Perfection.  Each of the Lenders, on behalf of itself and any of its Affiliates that are Secured Parties,
                  hereby appoints each other Lender as its agent for the purpose of perfecting Liens, for the benefit of the Collateral Agent, the Administrative Agent and the Secured Parties, in assets which, in accordance with Article 9 of the UCC or any
                  other applicable law can be perfected only by possession or control.  Should any Lender (other than the Collateral Agent) obtain possession or control of any such Collateral, such Lender shall notify the Collateral Agent thereof, and,
                  promptly upon the Collateral Agent’s request therefor shall deliver such Collateral to the Collateral Agent or otherwise deal with such Collateral in accordance with the Collateral Agent’s instructions.

                 

                SECTION 9.20.  Acknowledgement Regarding Any Supported QFCs.  To the extent that the Loan Documents provide support, through a guarantee
                  or otherwise, for Rate Management Transactions or any other agreement or instrument that is a QFC (such support “QFC Credit Support” and each such QFC a “Supported QFC”), the parties acknowledge and agree as follows with
                  respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated
                  thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to
                  be governed by the laws of the State of New York and/or of the United States or any other state of the United States):

                 

                In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of
                  such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support)
                  from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in
                  property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime,
                  Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default
                  Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is
                  understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.

                

                ARTICLE X

                

                Company Guarantee

                

                In order to induce the Lenders to extend credit to the other Borrowers hereunder or to any of the Company’s Subsidiaries under Rate Management Transactions and Banking Services
                  Agreements, the Company hereby irrevocably and unconditionally guarantees, as a primary obligor and not merely as a surety, the payment when and as due, subject to the notice provisions contained in this Article X, of the
                  Obligations and the Specified Ancillary Obligations (collectively, the “Guaranteed Obligations”).  The Company further agrees that the due and punctual payment of such Guaranteed Obligations may be extended or renewed, in whole or
                  in part, without notice to or further assent from it, and that it will remain bound upon its guarantee hereunder notwithstanding any such extension or renewal of any such Guaranteed Obligation. For the avoidance of doubt and
                  notwithstanding any provision hereof to the contrary, (i) the Guaranteed Obligations shall in no event be broader than the performance of the related Obligations or Specified Ancillary Obligations in accordance with their terms and (ii)
                  nothing contained in this Article X shall affect or otherwise impair any rights (including rights of setoff or counterclaim) that the applicable Borrower or Subsidiary may have against any holder of Guaranteed Obligation under the
                  applicable Rate Management Transaction and/or Banking Services Agreement, as applicable, by reason of any action or failure to act of such holder thereunder (including, without limitation, any breach or default of such holder under the
                  related Rate Management Transaction or Banking Services Agreement).

                 

                
                  158

                  
                    

                

                The Company waives presentment to, demand of payment from and protest to any Subsidiary of any of the Guaranteed Obligations, and also waives, other than as set forth in this Article
                    X, notice of acceptance of its obligations and notice of protest for nonpayment.  The obligations of the Company under this Article X shall not be affected by: (a) the failure of the Administrative Agent, any Issuing Bank or
                  any Lender (or any of its Affiliates) to assert any claim or demand or to enforce any right or remedy against any Subsidiary under the provisions of this Agreement, any other Loan Document, any Rate Management Transaction, any Banking
                  Services Agreement or otherwise; (b) any extension or renewal of any of the Guaranteed Obligations; (c) any rescission, waiver, amendment or modification of, or release from, any of the terms or provisions of this Agreement, any other
                  Loan Document, any Rate Management Transaction, any Banking Services Agreement or any other agreement (other than to the extent provided for in any express, written release, amendment, modification or waiver with respect to any of this Article

                    X made in accordance with Section 9.02); (d) any default, failure or delay, willful or otherwise, in the performance of any of the Guaranteed Obligations; (e) the failure of the Collateral Agent or the Administrative Agent
                  to take any steps to perfect and maintain any security interest in, or to preserve any rights to, any security or collateral for the Guaranteed Obligations, if any; (f) any change in the corporate, partnership or other existence,
                  structure or ownership of any Subsidiary or any other guarantor of any of the Guaranteed Obligations; (g) the enforceability or validity of the Guaranteed Obligations or any part thereof or the genuineness, enforceability or validity of
                  any agreement relating thereto or with respect to any collateral securing the Guaranteed Obligations or any part thereof, or any other invalidity or unenforceability relating to or against any Subsidiary or any other guarantor of any of
                  the Guaranteed Obligations, for any reason related to this Agreement, any other Loan Document, any Rate Management Transaction, any Banking Services Agreement or any provision of applicable law, decree, order or regulation of any
                  jurisdiction purporting to prohibit the payment by such Subsidiary or any other guarantor of the Guaranteed Obligations, of any of the Guaranteed Obligations or otherwise affecting any term of any of the Guaranteed Obligations; or (h) any
                  other act, omission or delay to do any other act which may or might in any manner or to any extent vary the risk of the Company or otherwise operate as a discharge of a guarantor as a matter of law or equity or which would impair or
                  eliminate any right of the Company to subrogation.

                 

                The Company further agrees that its agreement hereunder constitutes a guarantee of payment when due (whether or not any bankruptcy or similar proceeding shall have stayed the accrual or
                  collection of any of the Guaranteed Obligations or operated as a discharge thereof) and not merely of collection, and waives any right to require that any resort be had by the Administrative Agent, any Issuing Bank or any Lender (or any
                  of its Affiliates) to any balance of any deposit account or credit on the books of the Administrative Agent, any Issuing Bank or any Lender in favor of any Subsidiary or any other Person.

                 

                The obligations of the Company hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, and shall not be subject to any defense or set-off,
                  counterclaim, recoupment or termination whatsoever, by reason of the invalidity, illegality or unenforceability of any of the Guaranteed Obligations, any impossibility in the performance of any of the Guaranteed Obligations or otherwise.

                 

                

                
                  The Company further agrees that its obligations hereunder shall constitute a continuing and irrevocable guarantee of all Guaranteed Obligations now or hereafter
                    existing and shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Guaranteed Obligation (including a payment effected through exercise of a right of setoff) is
                    rescinded, or is or must otherwise be restored or returned by the Administrative Agent, the Issuing Bank or any Lender (or any of its Affiliates) upon the insolvency, bankruptcy or reorganization of any Subsidiary or otherwise
                    (including pursuant to any settlement entered into by a holder of Guaranteed Obligations in its discretion).

                

                 

                
                  159

                  
                    

                

              

            

            
              
              
                In furtherance of the foregoing and not in limitation of any other right which the Administrative Agent, any Issuing Bank or any Lender (or any of its Affiliates) may have at law or in
                  equity against the Company by virtue hereof, upon the failure of any Subsidiary to pay any Guaranteed Obligation when and as the same shall become due, whether at maturity, by acceleration, after notice of prepayment or otherwise, the
                  Company hereby promises to and will, promptly but in any event within two (2) Business Days following receipt of written demand by the Administrative Agent, any Issuing Bank or any Lender (or any of its Affiliates), forthwith pay, or
                  cause to be paid, to the Administrative Agent, any Issuing Bank or any Lender (or any of its Affiliates) in cash an amount equal to the unpaid principal amount of the Guaranteed Obligations then due, together with accrued and unpaid
                  interest thereon.  The Company further agrees that if payment in respect of any Guaranteed Obligation shall be due in a currency other than Dollars and/or at a place of payment other than New York, Chicago or any other Eurocurrency
                  Payment Office and if, by reason of any Change in Law, disruption of currency or foreign exchange markets, war or civil disturbance or other similar event, payment of such Guaranteed Obligation in such currency or at such place of payment
                  shall be impossible or, in the reasonable judgment of the Administrative Agent, any Issuing Bank or any Lender (or any of its Affiliates), disadvantageous to the Administrative Agent, any Issuing Bank or any Lender (or any of such
                  Lender’s Affiliates) in any material respect, then, at the election of the Administrative Agent, the Company shall make payment of such Guaranteed Obligation in Dollars (based upon the Dollar Amount thereof on the date of payment) and/or
                  in New York, Chicago or such other Eurocurrency Payment Office as is designated by the Administrative Agent and, as a separate and independent obligation, shall indemnify the Administrative Agent, any Issuing Bank and any Lender (and such
                  Lender’s Affiliates), as applicable, against any losses or reasonable out-of-pocket expenses that it shall sustain as a result of such alternative payment.

                 

                

                Upon payment by the Company of any sums as provided above, all rights of the Company against any Subsidiary arising as a result thereof by way of right of subrogation or otherwise shall
                  in all respects be subordinated and junior in right of payment to the prior indefeasible payment in full in cash of all the Guaranteed Obligations owed by such Subsidiary.

                 

                

                Any obligation of the Borrowers under Section 2.17 to pay any additional amounts to, or indemnify, any Lender or Issuing Bank for any taxes that are required to be withheld or deducted
                  from payments made to any Lender or to pay for, or indemnify any Lender for, any stamp and other similar taxes, shall apply mutatis mutandis (and without duplication and subject to the requirements thereof and the qualifications and
                  exceptions therein) to the Company with respect to this Article X and payments made hereunder.

                 

                

                The Company hereby absolutely, unconditionally and irrevocably undertakes to provide such funds or other support as may be needed from time to time by each Guarantor to honor all of its
                  obligations under the Guaranty in respect of Specified Swap Obligations (provided, however, that the Company shall only be liable under this paragraph for the maximum amount of such liability that can be hereby incurred without rendering
                  its obligations under this paragraph or otherwise under this Article X voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount).  The Company intends that this
                  paragraph constitute, and this paragraph shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of each Guarantor for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.

                 

                

                Nothing shall discharge or satisfy the liability of the Company hereunder except the full performance and payment in cash of the Guaranteed Obligations.

                

                

                [Signature Pages Follow]

                

                

                
                  160

                  
                    

                

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

                

                

                	 	
                        MODINE MANUFACTURING COMPANY, as the Company

                      
	 	 
	 	
                        By

                      	
                        /s/ Michael B. Lucareli

                      
	 	 	
                        Name: Michael B. Lucareli

                      
	 	 	
                        Title: Vice President, Finance and Chief Financial Officer

                      
	 	 
	 	
                        AIREDALE INTERNATIONAL AIR CONDITIONING LIMITED, as a Subsidiary Borrower

                      
	 	 
	 	
                        By

                      	
                        /s/ Scott A. Miller

                      
	 	 	
                        Name: Scott A. Miller

                      
	 	 	
                        Title: Director

                      

                

                

                
                  Fourth Amended and Restated Credit Agreement

                  Modine Manufacturing Company

                

                

                

                
                  
                    

                

                	 	
                        JPMORGAN CHASE BANK, N.A., individually as a Lender, as a Swingline Lender, as an Issuing Bank, as Collateral Agent and as Administrative Agent

                      
	 	 
	 	
                        By

                      	
                        /s/ Krys Szremski

                      
	 	 	
                        Name: Krys Szremski

                      
	 	 	
                        Title: Executive Director

                      
	 	 
	 	
                        Jurisdiction of tax residence: United States

                      
	 	
                        Treaty Passport scheme reference number: 

                        13/M/0268710/DTTP

                      

                

                

                
                  Fourth Amended and Restated Credit Agreement

                  Modine Manufacturing Company

                

                

                

                
                  
                    

                

                	 	
                        BANK OF MONTREAL, individually as a Lender, as a Swingline Lender, as an Issuing Bank and as a Co-Syndication Agent

                      
	 	
                         

                      
	 	
                        By

                      	
                        /s/ Mark Czarnecki

                      
	 	
                         

                      	
                        Name: Mark Czarnecki

                      
	 	
                         

                      	
                        Title: Senior Vice President

                      
	 	
                         

                      
	 	
                        Jurisdiction of tax residence: Canada

                      
	 	
                        Treaty Passport scheme reference number: 

                        3/M/270436/DTTP

                      

                

                  Fourth Amended and Restated Credit Agreement

                  Modine Manufacturing Company

                

                

                

                
                  
                    

                

                	 	
                        U.S. BANK NATIONAL ASSOCIATION, individually as a Lender, as a Swingline Lender, as an Issuing Bank and as a Co-Syndication Agent

                      
	 	 
	 	
                        By

                      	
                        /s/ Mary Ann Hawley

                      
	 	 	
                        Name: Mary Ann Hawley

                      
	 	 	
                        Title: Vice President

                      
	 	 
	 	
                        Jurisdiction of tax residence:

                        United States of America

                      
	 	
                        Treaty Passport scheme reference number:

                         13/U/62184/DTTP

                      

                

                

                
                  Fourth Amended and Restated Credit Agreement

                  Modine Manufacturing Company

                

                

                

                
                  
                    

                

                	 	
                        WELLS FARGO BANK, NATIONAL ASSOCIATION, individually as a Lender, as a Swingline Lender, as an Issuing Bank and as a Co-Syndication Agent

                      
	 	 
	 	
                        By

                      	
                        /s/ Kevin Valenta

                      
	 	 	
                        Name: Kevin Valenta

                      
	 	 	
                        Title: Vice President

                      
	 	 
	 	
                        Jurisdiction of tax residence: United States

                      

                

                

                
                  Fourth Amended and Restated Credit Agreement

                  Modine Manufacturing Company

                

                

                

                
                  
                    

                

                	 	
                        BANK OF AMERICA, N.A., individually as a Lender, and as a Co-Documentation Agent

                      
	 	 
	 	
                        By

                      	
                        /s/ Steven K. Kessler

                      
	 	 	
                        Name: Steven K. Kessler

                      
	 	 	
                        Title: Senior Vice President

                      
	 	 
	 	
                        Jurisdiction of tax residence: USA

                      
	 	
                        Treaty Passport scheme reference number: 

                        13/B/7418/DTTP

                      

                

                

                
                  Fourth Amended and Restated Credit Agreement

                  Modine Manufacturing Company

                

                

                

                
                  
                    

                

                	 	
                        KEYBANK NATIONAL ASSOCIATION, as a Lender, and as a Co-Documentation Agent

                      
	 	 
	 	
                        By

                      	
                        /s/ Marc Evans

                      
	 	 	
                        Name: Marc Evans

                      
	 	 	
                        Title: Vice President

                      
	 	 
	 	
                        Jurisdiction of tax residence: USA

                      
	 	
                        Treaty Passport scheme reference number: 

                        13/K/216374/DTTP

                      

                

                

                
                  Fourth Amended and Restated Credit Agreement

                  Modine Manufacturing Company

                

                

                

                
                  
                    

                

                	 	
                        PNC BANK, NATIONAL ASSOCIATION, individually as a Lender, and as a Co-Documentation Agent

                      
	 	 
	 	
                        By

                      	
                        /s/ Stuart Thomas

                      
	 	 	
                        Name: Stuart Thomas

                      
	 	 	
                        Title: Assistant Vice President

                      
	 	 
	 	
                        Jurisdiction of tax residence: US Tax Resident

                      
	 	
                        Treaty Passport scheme reference number: 

                        13/P/63904/DTTP

                      

                

                

                
                  Fourth Amended and Restated Credit Agreement

                  Modine Manufacturing Company

                

                

                

                
                  
                    

                

                	 	
                        BARCLAYS BANK PLC,

                        as a Lender

                      
	 	 
	 	
                        By

                      	
                        /s/ Craig Malloy

                      
	 	 	
                        Name: Craig Malloy

                      
	 	 	
                        Title: Director

                      
	 	 
	 	
                        Jurisdiction of tax residence: UK

                      
	 	
                        Treaty Passport scheme reference number: N/A

                      

                

                

                
                  Fourth Amended and Restated Credit Agreement

                  Modine Manufacturing Company

                

                

                

                
                  
                    

                

                	 	
                        ASSOCIATED BANK, N.A.,

                        as a Lender

                      
	 	 
	 	
                        By

                      	
                        /s/ Viktor R. Gottlieb

                      
	 	 	
                        Name: Viktor R. Gottlieb

                      
	 	 	
                        Title: Senior Vice President

                      
	 	 
	 	
                        Jurisdiction of tax residence: US Tax Resident

                      
	 	
                        Treaty Passport scheme reference number: 13/A/354794/DTTP

                      

                

                

                
                  Fourth Amended and Restated Credit Agreement

                  Modine Manufacturing Company

                

                

                

                
                  
                    

                

                	 	
                        COMERICA BANK,

                        as a Lender

                      
	 	 
	 	
                        By

                      	
                        /s/ John Lascody

                      
	 	 	
                        Name: John Lascody

                      
	 	 	
                        Title: Vice President

                      
	 	 
	 	
                        Jurisdiction of tax residence: USA

                      
	 	
                        Treaty Passport scheme reference number: 

                        13/C/65903/DTTP

                      

                

                

                
                  Fourth Amended and Restated Credit Agreement

                  Modine Manufacturing Company

                

                

                

                
                  
                    

                

                SCHEDULE 2.01

                

                

                COMMITMENTS

                

                

                	
                        LENDER

                      	 	
                        REVOLVING 

                         
                        COMMITMENT

                      	 	 	
                        DOLLAR

                         
                        TERM LOAN 

                         
                        COMMITMENT

                      	 	 	
                        EURO

                         
                        TERM LOAN 

                         
                        COMMITMENT

                      	 
	 	 	 	 	 	 	 	 	 	 
	
                        JPMORGAN CHASE BANK, N.A.

                      	 	
                        $

                      	
                        35,000,000

                      	 	 	
                        $

                      	
                        21,700,000

                      	 	 	
                        €

                      	
                        5,600,000

                      	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                        BANK OF MONTREAL

                      	 	
                        $

                      	
                        35,000,000

                      	 	 	
                        $

                      	
                        21,700,000

                      	 	 	
                        €

                      	
                        5,600,000

                      	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                        U.S. BANK NATIONAL ASSOCIATION

                      	 	
                        $

                      	
                        35,000,000

                      	 	 	
                        $

                      	
                        21,700,000

                      	 	 	
                        €

                      	
                        5,600,000

                      	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                        WELLS FARGO BANK, NATIONAL ASSOCIATION

                      	 	
                        $

                      	
                        35,000,000

                      	 	 	
                        $

                      	
                        21,700,000

                      	 	 	
                        €

                      	
                        5,600,000

                      	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                        BANK OF AMERICA, N.A.

                      	 	
                        $

                      	
                        25,000,000

                      	 	 	
                        $

                      	
                        15,500,000

                      	 	 	
                        €

                      	
                        4,000,000

                      	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                        KEYBANK NATIONAL ASSOCIATION

                      	 	
                        $

                      	
                        25,000,000

                      	 	 	
                        $

                      	
                        15,500,000

                      	 	 	
                        €

                      	
                        4,000,000

                      	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                        PNC BANK, NATIONAL ASSOCIATION

                      	 	
                        $

                      	
                        25,000,000

                      	 	 	
                        $

                      	
                        15,500,000

                      	 	 	
                        €

                      	
                        4,000,000

                      	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                        BARCLAYS BANK PLC

                      	 	
                        $

                      	
                        13,750,000

                      	 	 	
                        $

                      	
                        8,525,000

                      	 	 	
                        €

                      	
                        2,200,000

                      	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                        ASSOCIATED BANK, N.A.

                      	 	
                        $

                      	
                        13,125,000

                      	 	 	
                        $

                      	
                        8,137,500

                      	 	 	
                        €

                      	
                        2,100,000

                      	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                        COMERICA BANK

                      	 	
                        $

                      	
                        8,125,000

                      	 	 	
                        $

                      	
                        5,037,500

                      	 	 	
                        €

                      	
                        1,300,000

                      	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	
                        AGGREGATE COMMITMENTS

                      	 	
                        $

                      	
                        250,000,000

                      	 	 	
                        $

                      	
                        155,000,000

                      	 	 	
                        €

                      	
                        40,000,000

                      	 

                

                

                
                  
                    

                

                SCHEDULE 2.05

                

                

                SWINGLINE SUBLIMITS

                

                

                	
                        LENDER

                      	 	
                        SWINGLINE 

                         
                        SUBLIMIT

                      	 
	 	 	 	 
	
                        JPMORGAN CHASE BANK, N.A.

                      	 	
                        $

                      	
                        6,250,000

                      	 
	 	 	 	 	 
	
                        BANK OF MONTREAL

                      	 	
                        $

                      	
                        6,250,000

                      	 
	 	 	 	 	 
	
                        U.S. BANK NATIONAL ASSOCIATION

                      	 	
                        $

                      	
                        6,250,000

                      	 
	 	 	 	 	 
	
                        WELLS FARGO BANK, NATIONAL ASSOCIATION

                      	 	
                        $

                      	
                        6,250,000

                      	 

                

                

                
                  
                    

                

                SCHEDULE 2.06

                

                

                EXISTING LETTERS OF CREDIT

                

                

                	
                        LC#

                      	
                        LC Type

                      	
                        Beneficiary

                      	 	
                        Global Amount

                      	 	
                        Expiry Date

                      
	
                        CPCS-786673

                      	
                        Standby Letter of 

                        Credit

                      	
                        SENTRY INSURANCE A MUTUAL 

                        COMPANY

                      	 	
                        $

                      	
                        2,000,000.00

                      	 	
                        30-Apr-20

                      
	
                        CPCS-999745

                      	
                        Standby Letter of 

                        Credit

                      	
                        LIBERTY MUTUAL INSURANCE 

                        COMPANY

                      	 	
                        $

                      	
                        374,000.00

                      	 	
                        30-Nov-19

                      
	
                        CPCS-999747

                      	
                        Standby Letter of 

                        Credit

                      	
                        THE TRAVELERS INDEMNITY 

                        COMPANY

                      	 	
                        $

                      	
                        750,000.00

                      	 	
                        1-Jun-20

                      
	
                        NUSCGS006325

                      	
                        Standby Letter of 

                        Credit

                      	
                        TRAVELERS INDEMNTIY

                         COMPANY

                      	 	
                        $

                      	
                        2,135,000.00

                      	 	
                        31-Mar-20

                      

                 

                

                
                  
                    

                

                SCHEDULE 3.06

                

                

                LITIGATION

                

                

                None.

                

                

                
                  
                    

                

                SCHEDULE 3.09

                 

                

                SUBSIDIARIES

                

                

                
                  
                    

                

                	 	
                        Subsidiary

                      	
                        State or 

                        Country of 

                        incorporation or 

                        organization

                      	
                        % of 

                        voting 

                        securities

                      	
                        Owned by

                      
	 	
                        Modine, Inc.

                      	
                        Delaware

                      	
                        100%

                      	
                        Company

                      
	 	
                        Modine ECD Inc.

                      	
                        Pennsylvania

                      	
                        100%

                      	
                        Company

                      
	 	
                        Modine Jackson, Inc.

                      	
                        Delaware

                      	
                        100%

                      	
                        Company

                      
	 	
                        Modine Thermal Systems Korea, LLC

                      	
                        Korea

                      	
                        100%

                      	
                        Company

                      
	 	
                        Modine Manufacturing Company Foundation, Inc.

                      	
                        Wisconsin

                      	
                        100%

                      	
                        Company

                      
	 	
                        Modine Thermal Systems (Changzhou) Company Ltd.

                      	
                        China

                      	
                        100%

                      	
                        Company

                      
	 	
                        Modine Thermal Systems (Shanghai) Company Ltd.

                      	
                        China

                      	
                        100%

                      	
                        Company

                      
	 	
                        Modine Manufacturing (Canada) Ltd.

                      	
                        Canada

                      	
                        100%

                      	
                        Company

                      
	 	
                        Modine Thermal Systems Private Limited

                      	
                        India

                      	
                        99%

                      	
                        Company (1)

                      
	 	
                        Modine UK Dollar Limited

                      	
                        UK

                      	
                        100%

                      	
                        Company

                      
	 	
                        Airedale International Air Conditioning Limited

                      	
                        UK

                      	
                        100%

                      	
                        Modine UK Dollar Limited

                      
	 	
                        Airedale Group Limited

                      	
                        UK

                      	
                        100%

                      	
                        Airedale International Air Conditioning Limited

                      
	 	
                        Airedale Sheet Metal Limited

                      	
                        UK

                      	
                        100%

                      	
                        Airedale International Air Conditioning Limited

                      
	 	
                        Airedale Compact Systems Limited

                      	
                        UK

                      	
                        100%

                      	
                        Airedale International Air Conditioning Limited

                      
	 	
                        Barkell Limited

                      	
                        UK

                      	
                        100%

                      	
                        Airedale International Air Conditioning Limited

                      
	 	
                        Modine LLC

                      	
                        Delaware

                      	
                        100%

                      	
                        Modine, Inc.

                      
	 	
                        Modine do Brasil Sistemas Termicos Ltda.

                      	
                        Brazil

                      	
                        99.9%

                      	
                        Modine, Inc. (2)

                      
	 	
                        Modine Transferencia de Calor, S.A. de C.V.

                      	
                        Mexico

                      	
                        99.6%

                      	
                        Modine, Inc. (2)

                      
	 	
                        Modine CIS Holding Inc.

                      	
                        Delaware

                      	
                        100%

                      	
                        Company

                      
	 	
                        Modine Astro LLC

                      	
                        Delaware

                      	
                        100%

                      	
                        Modine CIS Holding Inc.

                      
	 	
                        Modine Grenada LLC

                      	
                        Delaware

                      	
                        100%

                      	
                        Modine CIS Holding Inc.

                      
	 	
                        Modine Louisville Inc.

                      	
                        Kentucky

                      	
                        100%

                      	
                        Modine CIS Holding Inc.

                      

                

                

                
                  
                    

                

                	 	
                        Modine Jacksonville Inc.

                      	
                        Kentucky

                      	
                        100%

                      	
                        Modine Louisville Inc.

                      
	 	
                        Modine Juarez S. de R.L. de C.V.

                      	
                        Mexico

                      	
                        99.97%

                      	
                        Modine Grenada LLC (3)

                      
	 	
                        Modine Ramos, S. de R.L. de C.V.

                      	
                        Mexico

                      	
                        99.97%

                      	
                        Modine Jacksonville Inc. (4)

                      
	 	
                        Modine Ramos Servicios, S. de R.L. de C.V.

                      	
                        Mexico

                      	
                        99.97%

                      	
                        Modine Jacksonville Inc. (4)

                      
	 	
                        Modine Acquisition, Inc.

                      	
                        Wisconsin

                      	
                        100%

                      	
                        Company

                      
	 	
                        Enidom Dutch Holding C.V.

                      	
                        Netherlands

                      	
                        99.999%

                      	
                        Modine Acquisition, Inc. (2)

                      
	 	
                        Modine Netherlands Holding B.V.

                      	
                        Netherlands

                      	
                        100%

                      	
                        Enidom Dutch Holding C.V.

                      
	 	
                        Modine Caribbean (Barbados) SRL

                      	
                        Barbados

                      	
                        100%

                      	
                        Enidom Dutch Holding C.V.

                      
	 	
                        Modine Asia Holding AB

                      	
                        Sweden

                      	
                        100%

                      	
                        Modine Netherlands Holding B.V.

                      
	 	
                        Modine Thermal Systems (Zhongshan) Co., Ltd.

                      	
                        China

                      	
                        100%

                      	
                        Modine Asia Holding AB

                      
	 	
                        Luvata India Private Ltd.

                      	
                        India

                      	
                        99.998%

                      	
                        Modine Asia Holding AB (5)

                      
	 	
                        Modine Europe GmbH

                      	
                        Germany

                      	
                        90%

                      	
                        Modine Netherlands Holding B.V. (2)

                      
	 	
                        Modine Austria Holding GmbH

                      	
                        Austria

                      	
                        100%

                      	
                        Modine Europe GmbH

                      
	 	
                        Modine Austria GmbH

                      	
                        Austria

                      	
                        100%

                      	
                        Modine Austria Holding GmbH

                      
	 	
                        Modine Austria Immobilien GmbH

                      	
                        Austria

                      	
                        100%

                      	
                        Modine Austria GmbH

                      
	 	
                        Modine Pliezhausen GmbH

                      	
                        Germany

                      	
                        100%

                      	
                        Modine Europe GmbH

                      
	 	
                        Modine RUS Limited Liability Company

                      	
                        Russia

                      	
                        99%

                      	
                        Modine Europe GmbH (6)

                      
	 	
                        Modine Grundstucksverwaltungs GmbH

                      	
                        Germany

                      	
                        100%

                      	
                        Modine Europe GmbH

                      
	 	
                        Modine Wackersdorf GmbH

                      	
                        Germany

                      	
                        100%

                      	
                        Modine Europe GmbH

                      
	 	
                        Modine Neuenkirchen GmbH

                      	
                        Germany

                      	
                        100%

                      	
                        Modine Europe GmbH

                      
	 	
                        Modine Hungaria Gep. Kft.

                      	
                        Hungary

                      	
                        100%

                      	
                        Modine Europe GmbH

                      
	 	
                        Modine Uden B.V.

                      	
                        Netherlands

                      	
                        100%

                      	
                        Modine Hungaria Gep. Kft.

                      

                

                

                
                  
                    

                

                	 	
                        Modine SRB d.o.o. Sremska Mitrovica

                      	
                        Serbia

                      	
                        100%

                      	
                        Modine Hungaria Gep. Kft.

                      
	 	
                        Modine CIS Austria GmbH

                      	
                        Austria

                      	
                        100%

                      	
                        Modine Hungaria Gep. Kft.

                      
	 	
                        Modine Gailtal GmbH

                      	
                        Austria

                      	
                        99%

                      	
                        Modine CIS Austria GmbH (6)

                      
	 	
                        Modine Pontevico S.r.l.

                      	
                        Italy

                      	
                        100%

                      	
                        Modine Hungaria Gep. Kft.

                      
	 	
                        Modine CIS Italy Srl

                      	
                        Italy

                      	
                        100%

                      	
                        Modine Pontevico S.r.l.

                      
	 	
                        Modine CIS Guadalajara S.A.U.

                      	
                        Spain

                      	
                        100%

                      	
                        Modine CIS Italy Srl

                      
	 	
                        Modine Söderköping AB

                      	
                        Sweden

                      	
                        100%

                      	
                        Modine CIS Italy Srl

                      
	 	
                        Modine Far East Srl

                      	
                        Italy

                      	
                        100%

                      	
                        Modine CIS Italy Srl

                      
	 	
                        Modine Thermsal Systems (Wuxi) Co., Ltd.

                      	
                        China

                      	
                        100%

                      	
                        Modine Far East Srl

                      

                 

                

                (1) Balance of voting securities held by Modine, Inc.

                (2) Balance of voting securities held by the Company

                (3) Balance of voting securities held by Modine CIS Holding Inc.

                (4) Balance of voting securities held by Modine Louisville Inc.

                (5) Balance of voting securities held by Modine Far East Srl

                (6) Balance of voting securities held by Modine CIS Italy Srl

                

                

                
                  
                    

                

                SCHEDULE 5.11

                MORTGAGED PROPERTIES

                

                

                	 	
                        ADDRESS

                      	 	
                        CITY

                      	 	
                        STATE

                      	 	
                        ZIP

                      
	 	
                        1221 Magnolia Avenue

                      	 	
                        Buena Vista

                      	 	
                        VA

                      	 	
                        24416-3317

                      
	 	
                        360 Collierstown Road

                      	 	
                        Lexington

                      	 	
                        VA

                      	 	
                        24450-9204

                      
	 	
                        1502 South Country Club Drive

                      	 	
                        Jefferson City

                      	 	
                        MO

                      	 	
                        65109-5465

                      
	 	
                        3300 West 7th Street

                      	 	
                        Joplin

                      	 	
                        MO

                      	 	
                        64801-3499

                      
	 	
                        822 Industrial Drive

                      	 	
                        Trenton

                      	 	
                        MO

                      	 	
                        64683-2091

                      
	 	
                        2009 Remke Avenue

                      	 	
                        Lawrenceburg

                      	 	
                        TN

                      	 	
                        38464-2243

                      
	 	
                        604 Liberty Lane

                      	 	
                        West Kingston

                      	 	
                        RI

                      	 	
                        028992-1802

                      
	 	
                        1500 DeKoven Avenue

                      	 	
                        Racine

                      	 	
                        WI

                      	 	
                        53403

                      
	 	
                        1000 Heatcraft Drive

                      	 	
                        Grenada

                      	 	
                        MS

                      	 	
                        38901

                      

                

                

                
                  
                    

                

                SCHEDULE 6.04

                 

                

                LIENS

                 

                

                MODINE MANUFACTURING COMPANY

                 

                

                	 	
                        Jurisdiction and 

                        Index Searched

                      	 	
                        Secured Party

                      	 	
                        Initial File No. 

                        and File Date

                      	 	
                        Amendments

                      	 	
                        Collateral Description

                      
	 	
                        Wisconsin DFI – UCC

                      	 	
                        NMHG Financial Services, Inc.

                      	 	
                        060000670821

                        01/12/06

                      	 	
                        Continuation:

                        100013600818

                        11/16/10

                         

                        Continuation:

                        150010865020

                        08/26/15

                         

                        Amendment:

                        150010864423

                        08/26/15

                        Secured Party address change

                      	 	
                        Certain leased equipment.

                      
	 	
                        Wisconsin DFI – UCC

                      	 	
                        Air Liquide Industrial US LP

                      	 	
                        060012605317

                        08/22/06

                      	 	
                        Amendment:

                        090004450821

                        04/10/09

                        (Collateral)

                         

                        Continuation:

                        110009636630

                        08/05/11

                         

                        Amendment:

                        110016030010

                        12/30/11

                        (Collateral)

                         

                        Amendment:

                        120006260216

                        05/07/12

                        (Collateral)

                         

                        Amendment:

                        130001889127

                        02/08/13

                         

                        Amendment:

                        140004987129

                        04/17/14

                        (Collateral)

                         

                        Continuation:

                        160010344113

                        08/03/16

                      	 	
                        Certain equipment.

                      

                

                

                
                  
                    

                

                	 	
                        Wisconsin DFI – UCC

                      	 	
                        Viking Asset Purchaser No. 7IC (Registration No. 92607), an Incorporated Cell of Viking Global Finance ICC

                      	 	
                        080013508118

                        09/26/08

                      	 	
                        Amendment:

                        080013946427

                        10/06/08

                        (Collateral)

                         

                        Continuation:

                        130012669226

                        09/25/13

                      	 	
                        (a) Purchased Receivables;

                        (b) all present and future accounts, instruments, documents, chattel paper and general intangibles relating to Purchased Receivables;

                        (c) all reserves, balances, deposits and property owing to the credit of Debtor with regard to Purchased Receivables.

                         

                      
	 	
                        Wisconsin DFI – UCC

                      	 	
                        Air Liquide Industrial U.S. LP

                      	 	
                        090001093013

                        01/26/09

                      	 	
                        Amendment:

                        130002579528

                        02/26/13

                         

                        Continuation:

                        140000755724

                        01/15/14

                      	 	
                        Certain Argon vessel.

                      
	 	
                        Wisconsin DFI – UCC

                      	 	
                        JPMorgan Chase Bank, National Association

                      	 	
                        100013078625

                        11/03/10

                      	 	
                        Continuation:

                        150006538325

                        5/21/15

                      	 	
                        All accounts receivables  which arise out of sale of goods and services to Caterpillar, Inc.

                      
	 	
                        Wisconsin DFI – UCC

                      	 	
                        Toyota Industries Commercial Finance, Inc.

                      	 	
                        160015514117

                        11/30/16

                      	 	 	 	
                        Certain equipment.

                      
	 	
                        Wisconsin DFI – UCC

                      	 	
                        Wells Fargo Bank, N.A.

                      	 	
                        170003856931

                        03/27/17

                      	 	 	 	
                        Certain equipment.

                      
	 	
                        Wisconsin DFI – UCC

                      	 	
                        Wells Fargo Bank, N.A.

                      	 	
                        170010640819

                        08/04/17

                      	 	 	 	
                        Certain equipment.

                      
	 	
                        Wisconsin DFI – UCC

                      	 	
                        Amada America, Inc.

                      	 	
                        170014754223

                        10/31/17

                      	 	 	 	
                        Certain equipment.

                      
	 	
                        Wisconsin DFI – UCC

                      	 	
                        Toyota Industries Commercial Finance, Inc.

                      	 	
                        180004607825

                        04/09/18

                      	 	 	 	
                        Certain equipment.

                      

                

                

                
                  
                    

                

                	 	
                        Wisconsin DFI – UCC

                      	 	
                        Amada America, Inc.

                      	 	
                        180006812724

                        05/18/18

                      	 	
                        Amendment:

                        180010829626

                        08/07/18

                        (Collateral)

                      	 	
                        Certain equipment.

                      
	 	
                        Wisconsin DFI – UCC

                      	 	
                        Amada America, Inc.

                      	 	
                        180006813018

                        05/18/18

                      	 	 	 	
                        Certain equipment.

                      
	 	
                        Wisconsin DFI – UCC

                      	 	
                        Leaf Capital Funding, LLC and/or its Assigns

                      	 	
                        180016440722

                        12/13/18

                      	 	 	 	
                        Certain equipment.

                      
	 	
                        Wisconsin DFI – UCC

                      	 	
                        Kloeckner Metals Corporation

                      	 	
                        190000267823

                        01/07/19

                      	 	 	 	
                        Consignment Goods.

                      
	 	
                        Wisconsin DFI – UCC

                      	 	
                        De Lage Landen Financial Services, Inc.

                      	 	
                        190000891725

                        01/22/19

                      	 	 	 	
                        Certain Leased equipment.

                      

                

                

                MODINE CIS HOLDING INC.

                

                

                None.

                

                

                MODINE GRENADA LLC

                

                

                	 	
                        Jurisdiction and 

                        Index Searched

                      	 	
                        Secured Party

                      	 	
                        Initial File No. 

                        and File Date

                      	 	
                        Amendments

                      	 	
                        Collateral Description

                      
	 	
                        Delaware Department of State – UCC

                      	 	
                        Wells Fargo Bank, National Association, as Collateral Agent

                      	 	
                        20141767474

                        05/06/14

                      	 	
                        Continuation:

                        20188045185

                        11/20/18

                      	 	
                        Bailed goods of Assignor Secured Party transferred to Debtor.

                      
	 	
                        Delaware Department of State – UCC

                      	 	
                        Toyota Industries Commercial Finance, Inc.

                      	 	
                        20185488693

                        08/09/18

                      	 	 	 	
                        Certain equipment.

                      
	 	
                        Delaware Department of State – UCC

                      	 	
                        Toyota Industries Commercial Finance, Inc.

                      	 	
                        20185489386

                        08/09/18

                      	 	 	 	
                        Certain equipment.

                      
	 	
                        Delaware Department of State – UCC

                      	 	
                        Toyota Industries Commercial Finance, Inc.

                      	 	
                        20191876874

                        03/18/19

                      	 	 	 	
                        Certain equipment.

                      

                

                

                FOREIGN LIENS

                ASIA

                

                

                	 	
                        Type

                      	 	
                        Description of Lien

                         

                      	 	
                        Entity Pledging Asset

                      	 	
                        Asset Pledged To

                      
	 	
                        Letter of Credit

                      	 	
                        Margin money on deposit

                      	 	
                        Modine Thermal Systems Private Limited

                      	 	
                        CitiBank

                      
	 	
                        Rate Management Obligation

                      	 	
                        Currency Hedging

                      	 	
                        Modine Thermal Systems (Shanghai) Company Ltd.

                      	 	
                        J.P. Morgan

                      
	 	
                        Rate Management Obligation

                      	 	
                        Currency Hedging

                      	 	
                        Modine Thermal Systems (Changzhou) Company Ltd.

                      	 	
                        J.P. Morgan

                      

                

                

                
                  
                    

                

                EUROPE

                

                

                	 	
                        Type

                      	 	
                        Description of Lien

                      	 	
                        Entity Pledging Asset

                      	 	
                        Asset Pledged To

                      
	 	
                        Loan / Line of Credit

                      	 	
                        Asset pledge of the Bonlanden building

                      	 	
                        Modine Grundstucksverwaltung GmbH

                      	 	
                        Commerzbank Stuttgart

                      
	 	
                        Letter of credit

                      	 	
                        Asset pledge of the Mezokovesd building

                      	 	
                        Modine Hungaria Gep. Kft

                      	 	
                        Raiffeisen Bank

                      
	 	
                        Loan / Line of Credit

                      	 	
                        Asset pledge of the Pliezhausen building

                      	 	
                        Modine Pliezhausen GmbH

                      	 	
                        Deutsche Bank

                      
	 	
                        Capital Lease

                      	 	
                        Asset pledge of the Sremska Mitrovica building

                      	 	
                        Modine SRB d.o.o. Sremska Mitrovica

                      	 	
                        MIV 2 Invest d.o.o.

                      
	 	
                        Capital Lease

                      	 	
                        Asset pledge of the Gyongyos building

                      	 	
                        Modine Hungaria Gep. Kft

                      	 	
                        Raiffeisen Bank

                      
	 	
                        Rate Management Obligation

                      	 	
                        Currency and Commodity Hedging

                      	 	
                        Modine CIS Italy Srl

                      	 	
                        J.P. Morgan

                      

                

                

                MEXICO

                

                

                	 	
                        Type

                      	 	
                        Description of Lien

                      	 	
                        Entity Pledging Asset

                      	 	
                        Asset Pledged To

                      
	 	
                        Property (Capital) Lease

                      	 	
                        Build-to-suit lease

                      	 	
                        Modine Transferencia de Calor, S.A. de C.V.

                      	 	
                        Grupo Jauregui, S.A. de C.V.

                      

                

                

                BRAZIL

                

                

                	 	
                        Type

                      	 	
                        Description of Lien

                      	 	
                        Entity Pledging Asset

                      	 	
                        Asset Pledged To

                      
	 	
                        Rate Management Obligation

                      	 	
                        Currency Hedging

                      	 	
                        Modine Do Brasil Sistemas Termicos Ltda.

                      	 	
                        J.P. Morgan

                      

                

                

                
                  
                    

                

                SCHEDULE 6.05

                

                

                INDEBTEDNESS

                

                

                Indebtedness in a principal amount of up to RMB150,000,000 under that certain Credit Facility Agreement as amended, dated September 28, 2018 among Modine Thermal Systems (Shanghai) Company Ltd., Modine Thermal Systems (Changzhou)
                  Company Ltd. and JPMorgan Chase Bank (China) Company Limited, Shanghai Branch.

                

                

                Indebtedness in a principal amount of up to RMB 89,420,500 under that certain Credit Facility Agreement as amended, dated July 31, 2018 among Modine Thermal Systems (Shanghai) Company Ltd., Modine Thermal Systems (Changzhou) Company
                  Ltd. and Bank of Montreal (China) Co. Ltd.

                

                

                Indebtedness in a principal amount of up to €25,000,000 overdraft facility under that certain Uncommitted Overdraft Facility dated April 1, 2018, among Modine Europe GmbH and JPMorgan (London).

                

                

                
                  
                    

                

                SCHEDULE 6.12

                

                

                TRANSACTIONS WITH AFFILIATES

                

                

                None.

                

                

                
                  
                    

                

                EXHIBIT A

                

                

                FORM OF ASSIGNMENT AND ASSUMPTION

                

                

                This Assignment and Assumption (the “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the “Assignee”).  Capitalized terms used but not defined herein shall have the meanings
                  given to them in the Fourth Amended and Restated Credit Agreement identified below (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), receipt of a copy of which is hereby
                  acknowledged by the Assignee.  The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein in
                  full.

                

                

                For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject to and
                  in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below (i) all of the Assignor’s rights and obligations in its capacity as a
                  Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights and obligations of the
                  Assignor under the respective facilities identified below (including any letters of credit, guarantees, and swingline loans included in such facilities) and (ii) to the extent permitted to be assigned under applicable law, all claims,
                  suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments delivered
                  pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or in equity
                  related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii) above being referred to herein collectively as the “Assigned Interest”). 

                  Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor.

                

                

                	
                        1.

                      	
                        Assignor:

                      	 	 
	 	 	 
	
                        2.

                      	
                        Assignee:

                      	 	 
	 	 	
                        [and is an Affiliate/Approved Fund of [identify Lender]1]

                      
	 	 	 
	
                        3.

                      	
                        Borrowers:

                      	
                        Modine Manufacturing Company and certain Subsidiary Borrowers

                      
	 	 	 
	
                        4.

                      	
                        Administrative Agent:

                      	
                        JPMorgan Chase Bank, N.A., as the administrative agent under the Credit Agreement

                      
	 	 	 
	
                        5.

                      	
                        Credit Agreement:

                      	
                        The Fourth Amended and Restated Credit Agreement dated as of June 28, 2019 among Modine Manufacturing Company, the Subsidiary Borrowers from time to time parties thereto, the Lenders parties
                          thereto, JPMorgan Chase Bank, N.A., as Administrative Agent, and the other agents parties thereto

                      

                

                

              

               
                

              
                
                  	
                          1

                        	
                          Select as applicable.

                        

                

                

                

                
                  
                    

                

                
                  
                    	6.	
                            Assigned Interest:

                          

                  

                

                

                

                	
                        Facility Assigned2

                      	 	
                        Aggregate Amount of 

                        Commitment/Loans for all 

                        Lenders

                      	 	
                        Amount of 

                        Commitment/

                        Loans Assigned

                      	
                        Percentage Assigned 

                        of 

                        Commitment/Loans3

                      
	 	 	
                        $

                      	 	
                        $

                      	
                        %

                      
	 	 	
                        $

                      	 	
                        $

                      	
                        %

                      
	 	 	
                        $

                      	 	
                        $

                      	
                        %

                      

                

                

                Effective Date:  _____________ ___, 20___ [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]

                

                

                The Assignee agrees to deliver to the Administrative Agent a completed Administrative Questionnaire in which the Assignee designates one or more credit contacts to whom all syndicate-level information
                  (which may contain material non-public information about the Company, the Loan Parties and/or their Related Parties and/or their respective securities) will be made available and who may receive such information in accordance with the
                  Assignee’s compliance procedures and applicable laws, including federal and state securities laws.

                

                

                The terms set forth in this Assignment and Assumption are hereby agreed to:

                

                

                	 	
                        ASSIGNOR

                      
	 	 
	 	
                        [NAME OF ASSIGNOR]

                      
	 	 
	 	
                        By:

                      	 
	 	 	
                        Title:

                      
	 	 
	 	
                        ASSIGNEE

                      
	 	 
	 	
                        [NAME OF ASSIGNEE]

                      
	 	 
	 	
                        By:

                      	 
	 	 	
                        Title:

                      

                

                

                
                  	
                          2

                        	
                          Fill in the appropriate terminology for the types of facilities under the Credit Agreement that are being assigned under this Assignment (e.g., “Revolving Commitment”, “Term Loan Commitment”, etc.).

                        

                

                
                  	
                          3

                        	
                          Set forth, so at least 9 decimals, as a percentage of the Commitment/Loans of all Lenders thereunder.

                        

                   

                  

                

                
                  
                    

                

                	
                        Consented to and Accepted:

                      	 
	 	 
	
                        JPMORGAN CHASE BANK, N.A., as Administrative Agent [and an Issuing Bank and a Swingline Lender]

                      	 
	 	 
	
                        By:

                      	 	 
	 	
                        Title:

                      	 
	 	 
	
                        [Consented to:]4

                      	 
	 	 
	
                        [OTHER ISSUING BANKS AND SWINGLINE LENDERS]

                      	 
	 	 
	
                        [Consented to:]5

                      	 
	 	 
	
                        MODINE MANUFACTURING COMPANY

                      	 
	 	 
	
                        By:

                      	 	 
	 	
                        Title:

                      	 

                

                

                
                  

                
                  	
                          4

                        	
                          To be added only if the consent of the Issuing Banks and the Swingline Lenders is required by the terms of the Credit Agreement.

                        

                

                
                  	
                          5

                        	
                          To be added only if the consent of the Company is required by the terms of the Credit Agreement.

                        

                   

                  

                

                
                  
                    

                

                ANNEX I

                

                

                STANDARD TERMS AND CONDITIONS FOR

                

                

                ASSIGNMENT AND ASSUMPTION

                

                

                1.    Representations and Warranties.

                

                

                1.1  Assignor.  The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of
                  any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby; and
                  (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability,
                  genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Company, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document, (iv)
                  any requirements under applicable law for the Assignee to become a lender under the Credit Agreement or to charge interest at the rate set forth therein from time to time or (v) the performance or observance by the Company, any of its
                  Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document.

                

                

                1.2. Assignee.  The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and
                  Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit Agreement, (ii) it satisfies the requirements, if any, specified in the Credit Agreement that are required to be satisfied by it in
                  order to acquire the Assigned Interest and become a Lender, (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall
                  have the obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the most recent financial statements delivered pursuant to Section 5.01 thereof, as applicable, and such
                  other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest on the basis of which it has made such analysis
                  and decision independently and without reliance on the Administrative Agent, any arranger of the credit facilities evidenced by the Credit Agreement or any other Lender and their respective Related Parties, (v) attached to the Assignment
                  and Assumption is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee and (vi) it meets all the requirements to be an assignee under Section 9.04
                  of the Credit Agreement; and (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, any arranger of the credit facilities evidenced by the Credit Agreement, the Assignor or any other Lender and their
                  respective Related Parties, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents, and (ii) it will perform
                  in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender.

                

                

                2.    Payments.  From and after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal,
                  interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which have accrued from and after the Effective Date.

                

                

                
                  
                    

                

                
                3.    General Provisions. This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns.  This
                  Assignment and Assumption may be executed in any number of counterparts, which together shall constitute one instrument.  Acceptance and adoption of the terms of this Assignment and Assumption by the Assignee and the Assignor by Electronic Signature or delivery of an executed counterpart of a signature page of this
                    Assignment and Assumption by any Approved Electronic Platform shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption.  This Assignment and Assumption shall be governed by, and construed in
                    accordance with, the law of the State of New York.

                

                

                [4.   The Assignee confirms for the benefit of the Administrative Agent and the Loan Parties but without liability to any Loan Party, that it is
                  [not a UK Qualifying Lender] [a UK Qualifying Lender (other than a UK Treaty Lender)] [(a UK Treaty Lender]].1

                

                

                5.    [The Assignee confirms that the person beneficially entitled to interest payable to that Assignee in respect of an advance under a Loan
                  Document is either (a) a company resident in the United Kingdom for United Kingdom tax purposes or (b) a partnership each member of which is (i) a company so resident in the United Kingdom or (ii) a company not so resident in the United
                  Kingdom which carries on a trade in the United Kingdom through a permanent establishment and which brings into account in computing its chargeable profits (within the meaning of section 19 of the UK CTA 2009) the whole of any share of
                  interest payable in respect of that advance that falls to it by reason of Part 17 of the UK CTA 2009 or (c) a company not so resident in the United Kingdom which carries on a trade in the United Kingdom through a permanent establishment
                  and which brings into account interest payable in respect of that advance in computing the chargeable profits (within the meaning of section 19 of the UK CTA 2009) of that company.]2

                

                

                6.    [The Assignee confirms that it holds a passport under the HM Revenue and Customs DT Treaty Passport scheme (reference number [_____]) and is
                  tax resident in [_____]3, so that interest payable to it by borrowers is generally subject to full exemption from United Kingdom withholding tax and requests
                  that the Company notify:

                

                

                (i)          each UK Borrower which is a party to the Credit Agreement as a Borrower as at the date of this Assignment and Assumption; and

                

                

                (ii)         each UK Borrower which becomes a Borrower after the date of this Assignment and Assumption,

                

                

                that it wishes that scheme to apply to the Credit Agreement.]4

                

                

                
                  

                
                  	
                          1

                        	
                          Delete as applicable – each Assignee is required to confirm which of these three categories it falls within.

                        

                

                
                  	
                          2

                        	
                          Insert if comes within clause (a)(ii) of the definition of UK Qualifying Lender.

                        

                

                
                  	
                          3

                        	
                          Insert jurisdiction of tax residence.

                        

                

                
                  	
                          4

                        	
                          Include if the Assignee holds a passport under the HM Revenue and Customs DT Treaty Passport scheme and wishes that scheme to apply to the Credit Agreement.

                        

                   

                  

                

                
                  2

                  
                    

                

                EXHIBIT B-1

                

                

                FORM OF OPINION OF FOLEY & LARDNER LLP

                

                

                [ATTACHED]

                

                

                
                  
                    

                

                EXHIBIT B-2

                

                

                FORM OF OPINION OF SPECIAL UK COUNSEL

                

                

                [ATTACHED]

                

                

                
                  
                    

                

                EXHIBIT C-1

                

                

                FORM OF INCREASING LENDER SUPPLEMENT

                

                

                INCREASING LENDER SUPPLEMENT, dated __________, 20___ (this “Supplement”), by and among each of the signatories hereto, to the Fourth Amended and Restated Credit Agreement, dated
                  as of June 28, 2019 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Modine Manufacturing Company (the “Company”), the Subsidiary Borrowers from time to time party
                  thereto, the Lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”).

                

                

                W I T N E S S E T H

                

                

                WHEREAS, pursuant to Section 2.20 of the Credit Agreement, the Company has the right, subject to the terms and conditions thereof, to effectuate from time to time an increase in
                  the aggregate Revolving Commitments and/or one or more tranches of Incremental Term Loans under the Credit Agreement by requesting one or more Lenders to increase the amount of its Revolving Commitment and/or to participate in such a
                  tranche;

                

                

                WHEREAS, the Company has given notice to the Administrative Agent of its intention to [increase the aggregate Revolving Commitments] [and] [enter into a tranche of Incremental Term Loans]
                  pursuant to such Section 2.20; and

                

                

                WHEREAS, pursuant to Section 2.20 of the Credit Agreement, the undersigned Increasing Lender now desires to [increase the amount of its Revolving Commitment] [and] [participate in
                  a tranche of Incremental Term Loans] under the Credit Agreement by executing and delivering to the Company and the Administrative Agent this Supplement;

                

                

                NOW, THEREFORE, each of the parties hereto hereby agrees as follows:

                

                

                1.          The undersigned Increasing Lender agrees, subject to the terms and conditions of the Credit Agreement, that on the date of this Supplement it shall [have its Revolving
                  Commitment increased by $[__________], thereby making the aggregate amount of its total Revolving Commitments equal to $[__________]] [and] [participate in a tranche of Incremental Term Loans with a commitment amount equal to
                  $[__________] with respect thereto].

                

                

                [[__].  The undersigned Increasing Lender confirms for the benefit of the Administrative Agent and the Loan Parties but without liability to any
                  Loan Party, that it is [not a UK Qualifying Lender] [a UK Qualifying Lender (other than a UK Treaty Lender)] [(a UK Treaty Lender].]10

                

                

                [[__].  The undersigned Increasing Lender confirms that the person beneficially entitled to interest payable to that Increasing Lender in respect of an advance

                  under a Loan Document is either (a) a company resident in the United Kingdom for United Kingdom tax purposes or (b) a partnership each member of which is (i) a company so resident in the United Kingdom or (ii) a company not so resident in
                  the United Kingdom which carries on a trade in the United Kingdom through a permanent establishment and which brings into account in computing its chargeable profits (within the meaning of section 19 of the UK CTA 2009) the whole of any
                  share of interest payable in respect of that advance that falls to it by reason of Part 17 of the UK CTA 2009 or (c) a company not so resident in the United Kingdom which carries on a trade in the United Kingdom through a permanent
                  establishment and which brings into account interest payable in respect of that advance in computing the chargeable profits (within the meaning of section 19 of the UK CTA 2009) of that company.]11

                

                
 
                
                  	
                          10

                        	
                          Delete as applicable – each Increasing Lender is required to confirm which of these three categories it falls within.

                        

                

                
                  	11	
                          Insert if comes within clause (a)(ii) of the definition of UK Qualifying Lender.

                        

                   

                  

                

                
                  
                    

                

                
                [[__].  The undersigned Increasing Lender confirms that it holds a passport under the HM Revenue and Customs DT Treaty Passport scheme (reference
                  number [_____]) and is tax resident in [_____]12, so that interest payable to it by borrowers is generally subject to full exemption from United Kingdom
                  withholding tax and requests that the Company notify:

                

                

                (i)          each UK Borrower which is a party to the Credit Agreement as a Borrower as at the date of this Supplement; and

                

                

                (ii)         each UK Borrower which becomes a Borrower after the date of this Supplement,

                

                

                that it wishes that scheme to apply to the Credit Agreement.]13

                

                

                2.           The Company hereby represents and warrants that no Default or Event of Default has occurred and is continuing on and as of the date hereof.

                

                

                3.           Terms defined in the Credit Agreement shall have their defined meanings when used herein.

                

                

                4.           This Supplement shall be governed by, and construed in accordance with, the laws of the State of New York.

                

                

                5.         This Supplement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an
                  original and all of which taken together shall constitute one and the same document.

                

                

                IN WITNESS WHEREOF, each of the undersigned has caused this Supplement to be executed and delivered by a duly authorized officer on the date first above written.

                

                

                	 	
                        [INSERT NAME OF INCREASING LENDER]

                      
	 	 
	 	
                        By:  

                        

                      	
                         

                      	 
	 	
                        Name:

                      
	 	
                        Title:

                      

                

                

                
                   
                    

                

                
                  	
                          12

                        	
                          Insert jurisdiction of tax residence.

                        

                

                
                  	13	
                          Include if the Increasing Lender holds a passport under the HM Revenue and Customs DT Treaty Passport scheme and wishes that scheme to apply to the Credit Agreement.

                        

                   

                  

                

                
                  2

                  
                    

                

                
                	
                        Accepted and agreed to as of the date first written above:

                      	 
	 	 
	
                        MODINE MANUFACTURING COMPANY

                      	 
	 	 
	
                        By:

                      	 	 
	
                        Name:

                      	 
	
                        Title:

                      	 
	 	 
	
                        [OTHER BORROWERS]

                      	 
	 	 
	
                        By:

                      	 	 
	
                        Name:

                      	 
	
                        Title:

                      	 
	 	 
	
                        Acknowledged as of the date first written above:

                      	 
	 	 
	
                        JPMORGAN CHASE BANK, N.A.

                      	 
	
                        as Administrative Agent

                      	 
	 	 
	
                        By:

                      	 	 
	
                        Name:

                      	 
	
                        Title:

                      	 

                

                

                
                  3

                  
                    

                

                EXHIBIT C-2

                

                

                FORM OF AUGMENTING LENDER SUPPLEMENT

                

                

                AUGMENTING LENDER SUPPLEMENT, dated __________, 20___ (this “Supplement”), by and among each of the signatories hereto, to the Fourth Amended and Restated Credit Agreement, dated
                  as of June 28, 2019 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Modine Manufacturing Company (the “Company”), the Subsidiary Borrowers from time to time party
                  thereto, the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”).

                

                

                W I T N E S S E T H

                

                

                WHEREAS, the Credit Agreement provides in Section 2.20 thereof that any bank, financial institution or other entity may [extend Revolving Commitments] [and] [participate in
                  tranches of Incremental Term Loans] under the Credit Agreement subject to the approval of the Company and the Administrative Agent, by executing and delivering to the Company and the Administrative Agent a supplement to the Credit
                  Agreement in substantially the form of this Supplement; and

                

                

                WHEREAS, the undersigned Augmenting Lender was not an original party to the Credit Agreement but now desires to become a party thereto;

                

                

                NOW, THEREFORE, each of the parties hereto hereby agrees as follows:

                

                

                1.    The undersigned Augmenting Lender agrees to be bound by the provisions of the Credit Agreement and agrees that it shall, on the date of this Supplement, become a Lender for all
                  purposes of the Credit Agreement to the same extent as if originally a party thereto, with a [Revolving Commitment of $[__________]] [and] [a commitment with respect to Incremental Term Loans of $[__________]].

                

                

                2.    The undersigned Augmenting Lender (a) represents and warrants that it is legally authorized to enter into this Supplement; (b) confirms that it has received a copy of the Credit
                  Agreement, together with copies of the most recent financial statements delivered pursuant to Section 5.01 thereof, as applicable, and has reviewed such other documents and information as it has deemed appropriate to make its own
                  credit analysis and decision to enter into this Supplement; (c) agrees that it will, independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it shall deem
                  appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit Agreement or any other instrument or document furnished pursuant hereto or thereto; (d) appoints and authorizes the
                  Administrative Agent to take such action as agent on its behalf and to exercise such powers and discretion under the Credit Agreement or any other instrument or document furnished pursuant hereto or thereto as are delegated to the
                  Administrative Agent by the terms thereof, together with such powers as are incidental thereto; and (e) agrees that it will be bound by the provisions of the Credit Agreement and will perform in accordance with its terms all the
                  obligations which by the terms of the Credit Agreement are required to be performed by it as a Lender.

                

                

                
                  
                    

                

                
                3.    The undersigned’s address for notices for the purposes of the Credit Agreement is as follows:

                

                

                [___________]

                

                

                [[__].  The undersigned Augmenting Lender confirms for the benefit of the Administrative Agent and the Loan Parties but without liability to any
                  Loan Party, that it is [not a UK Qualifying Lender] [a UK Qualifying Lender (other than a UK Treaty Lender)] [(a UK Treaty Lender].]1

                

                

                [[__].  The undersigned Augmenting Lender confirms that the person beneficially entitled to interest payable to that Augmenting Lender in respect of an advance

                  under a Loan Document is either (a) a company resident in the United Kingdom for United Kingdom tax purposes or (b) a partnership each member of which is (i) a company so resident in the United Kingdom or (ii) a company not so resident in
                  the United Kingdom which carries on a trade in the United Kingdom through a permanent establishment and which brings into account in computing its chargeable profits (within the meaning of section 19 of the UK CTA 2009) the whole of any
                  share of interest payable in respect of that advance that falls to it by reason of Part 17 of the UK CTA 2009 or (c) a company not so resident in the United Kingdom which carries on a trade in the United Kingdom through a permanent
                  establishment and which brings into account interest payable in respect of that advance in computing the chargeable profits (within the meaning of section 19 of the UK CTA 2009) of that company.]2

                

                

                [[__].  The undersigned Augmenting Lender confirms that it holds a passport under the HM Revenue and Customs DT Treaty Passport scheme (reference
                  number [_____]) and is tax resident in [_____]3, so that interest payable to it by borrowers is generally subject to full exemption from United Kingdom
                  withholding tax and requests that the Company notify:

                

                

                (i)          each UK Borrower which is a party to the Credit Agreement as a Borrower as at the date of this Supplement; and

                

                

                (ii)         each UK Borrower which becomes a Borrower after the date of this Supplement,

                

                

                that it wishes that scheme to apply to the Credit Agreement.]4

                

                

                4.  The Company hereby represents and warrants that no Default or Event of Default has occurred and is continuing on and as of the date hereof.

                

                

                5.  Terms defined in the Credit Agreement shall have their defined meanings when used herein.

                

                

                6.  This Supplement shall be governed by, and construed in accordance with, the laws of the State of New York.

                

                

                7.  This Supplement may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an
                  original and all of which taken together shall constitute one and the same document.

                

                

                [remainder of this page intentionally left blank]

                

                

                
                  

                  	1	
                          Delete as applicable – each Augmenting Lender is required to confirm which of these three categories it falls within.

                        

                

                
                  	
                          2

                        	
                          Insert if comes within clause (a)(ii) of the definition of UK Qualifying Lender.

                        

                

                
                  	
                          3

                        	
                          Insert jurisdiction of tax residence.

                        

                

                
                  	
                          4

                        	
                          Include if the Augmenting Lender holds a passport under the HM Revenue and Customs DT Treaty Passport scheme and wishes that scheme to apply to the Credit Agreement.

                        

                   

                  

                

                
                  5

                  
                    

                

                IN WITNESS WHEREOF, each of the undersigned has caused this Supplement to be executed and delivered by a duly authorized officer on the date first above written.

                

                

                	 	
                        [INSERT NAME OF AUGMENTING LENDER]

                      
	 	
                        By:

                      	 	 
	 	
                        Name:

                      
	 	
                        Title:

                      

                

                

                	
                        Accepted and agreed to as of the date first written above:

                      	 
	 	 
	
                        MODINE MANUFACTURING COMPANY

                      	 
	 	 
	
                        By:

                      	 	 
	
                        Name:

                      	 
	
                        Title:

                      	 
	 	 
	
                        [OTHER BORROWERS]

                      	 
	 	 
	
                        By:

                      	 	 
	
                        Name:

                      	 
	
                        Title:

                      	 
	 	 
	
                        Acknowledged as of the date first written above:

                      	 
	 	 
	
                        JPMORGAN CHASE BANK, N.A.

                      	 
	
                        as Administrative Agent

                      	 
	 	 
	
                        By:

                      	 	 
	
                        Name:

                      	 
	
                        Title:

                      	 

                

                

                
                  6

                  
                    

                

                EXHIBIT D-1

                

                

                [FORM OF]

                

                

                REVOLVING CREDIT NOTE

                

                

                June 28, 2019

                

                

                FOR VALUE RECEIVED, the undersigned, [MODINE MANUFACTURING COMPANY, a Wisconsin corporation][OTHER SUBSIDIARY BORROWER] (the “Borrower”), HEREBY PROMISES TO PAY TO [LENDER] (the “Lender”)

                  the outstanding principal balance of the Lender’s Revolving Loans made to the Borrower, together with interest thereon, at the rate or rates, in the amounts and at the time or times set forth in the Fourth Amended and Restated Credit
                  Agreement (as the same may be amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), dated as of June 28, 2019, by and among Modine Manufacturing Company, the Subsidiary Borrowers party thereto, the
                  Lenders party thereto, the Co-Documentation Agents, the Syndication Agents and JPMorgan Chase Bank, N.A., as the Administrative Agent, in each case at such place as the Administrative Agent may specify from time to time, in lawful money
                  of the United States in immediately available funds.

                

                

                Capitalized terms used herein which are not otherwise defined herein shall have the respective meanings ascribed thereto in the Credit Agreement.

                

                

                The Revolving Loans evidenced by this Note are prepayable in the amounts, and on the dates, set forth in the Credit Agreement.  This Note is one of the Notes under, and as such term is
                  defined in, the Credit Agreement, and is subject to, and should be construed in accordance with, the provisions thereof, and is entitled to the benefits set forth in the Loan Documents.

                

                

                The Lender is hereby authorized to record on the schedule annexed hereto and any continuation sheets which the Lender may attach thereto (a) the date and amount of each Revolving Loan
                  made by such Lender, (b) the character of each Revolving Loan as one or more ABR Borrowings, one or more Eurocurrency Borrowings, or a combination thereof, (c) the Interest Period and Adjusted LIBO Rate applicable to each Eurocurrency
                  Borrowing, and (d) the date and amount of each conversion of, and each payment or prepayment of principal of, each Revolving Loan.  No failure to so record nor any error in so recording shall affect the obligation of the Borrower to repay
                  the Revolving Loans, together with interest thereon, as provided in the Credit Agreement, and the outstanding principal balance of the Revolving Loans as set forth in such schedule shall be prima facie evidence of the
                  existence and amounts of the obligations recorded therein.

                

                

                This Note is secured by the Collateral Documents.

                

                

                Except as specifically otherwise provided in the Credit Agreement, the Borrower hereby waives presentment, demand, notice of dishonor, protest, notice of protest and all other demands,
                  protests and notices in connection with the execution, delivery, performance, collection and enforcement of this Note.

                

                

                THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK.

                

                

                
                  
                    

                

                	 	
                        [MODINE MANUFACTURING COMPANY][OTHER SUBSIDIARY BORROWER]

                      
	 	 
	 	
                        By:

                      	 	 
	 	
                        Name:

                      
	 	
                        Title:

                      

                

                

                
                  
                    

                

                
                SCHEDULE OF REVOLVING LOANS AND PAYMENTS OR PREPAYMENTS

                

                

                	 	
                        Date

                      	 	
                        Amount of 

                        Loan

                      	 	
                        Type of

                        Loan Currency

                      	 	
                        Interest 

                        Period/Rate

                      	 	
                        Amount of 

                        Principal 

                        Paid or 

                        Prepaid

                      	 	
                        Unpaid 

                        Principal 

                        Balance

                      	 	
                        Notation 

                        Made By

                      
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 

                

                

                
                  3

                  
                    

                

                EXHIBIT D-2

                

                

                [FORM OF]

                

                

                DOLLAR TERM LOAN NOTE

                

                

                June 28, 2019

                

                

                FOR VALUE RECEIVED, the undersigned, MODINE MANUFACTURING COMPANY, a Wisconsin corporation (the “Borrower”), HEREBY PROMISES TO PAY TO [LENDER] (the “Lender”) the
                  outstanding principal balance of the Lender’s Dollar Term Loans made to the Borrower, together with interest thereon, at the rate or rates, in the amounts and at the time or times set forth in the Fourth Amended and Restated Credit
                  Agreement (as the same may be amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), dated as of June 28, 2019, by and among Modine Manufacturing Company, the Subsidiary Borrowers party thereto, the
                  Lenders party thereto, the Co-Documentation Agents, the Syndication Agents and JPMorgan Chase Bank, N.A., as the Administrative Agent, in each case at such place as the Administrative Agent may specify from time to time, in lawful money
                  of the United States in immediately available funds.

                

                

                Capitalized terms used herein which are not otherwise defined herein shall have the respective meanings ascribed thereto in the Credit Agreement.

                

                

                The Dollar Term Loans evidenced by this Note are prepayable in the amounts, and on the dates, set forth in the Credit Agreement.  This Note is one of the Notes under, and as such term is
                  defined in, the Credit Agreement, and is subject to, and should be construed in accordance with, the provisions thereof, and is entitled to the benefits set forth in the Loan Documents.

                

                

                The Lender is hereby authorized to record on the schedule annexed hereto and any continuation sheets which the Lender may attach thereto (a) the date and amount of each Dollar Term Loan
                  made by such Lender, (b) the character of each Dollar Term Loan as one or more ABR Borrowings, one or more Eurocurrency Borrowings, or a combination thereof, (c) the Interest Period and Adjusted LIBO Rate applicable to each Eurocurrency
                  Borrowing, and (d) the date and amount of each conversion of, and each payment or prepayment of principal of, each Dollar Term Loan.  No failure to so record nor any error in so recording shall affect the obligation of the Borrower to
                  repay the Dollar Term Loans, together with interest thereon, as provided in the Credit Agreement, and the outstanding principal balance of the Dollar Term Loans as set forth in such schedule shall be prima facie evidence of
                  the existence and amounts of the obligations recorded therein.

                

                

                This Note is secured by the Collateral Documents.

                

                

                Except as specifically otherwise provided in the Credit Agreement, the Borrower hereby waives presentment, demand, notice of dishonor, protest, notice of protest and all other demands,
                  protests and notices in connection with the execution, delivery, performance, collection and enforcement of this Note.

                

                

                THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK.

                

                

                
                  
                    

                

                	 	
                        MODINE MANUFACTURING COMPANY

                      
	 	 
	 	
                        By:

                      	 
	 	
                        Name:

                      
	 	
                        Title:

                      

                

                

                
                  
                    

                

                
                SCHEDULE OF DOLLAR TERM LOANS AND PAYMENTS OR PREPAYMENTS

                

                

                	 	
                        Date

                      	 	
                        Amount of 

                        Loan

                      	 	
                        Type of

                        Loan Currency

                      	 	
                        Interest 

                        Period/Rate

                      	 	
                        Amount of 

                        Principal 

                        Paid or 

                        Prepaid

                      	 	
                        Unpaid 

                        Principal 

                        Balance

                      	 	
                        Notation 

                        Made By

                      
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 

                

                

                
                  3

                  
                    

                

                EXHIBIT D-3

                

                

                [FORM OF]

                

                

                EURO TERM LOAN NOTE

                June 28, 2019

                

                

                FOR VALUE RECEIVED, the undersigned, MODINE MANUFACTURING COMPANY, a Wisconsin corporation (the “Borrower”), HEREBY PROMISES TO PAY TO [LENDER] (the “Lender”) the
                  outstanding principal balance of the Lender’s Euro Term Loans made to the Borrower, together with interest thereon, at the rate or rates, in the amounts and at the time or times set forth in the Fourth Amended and Restated Credit
                  Agreement (as the same may be amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), dated as of June 28, 2019, by and among Modine Manufacturing Company, the Subsidiary Borrowers party thereto, the
                  Lenders party thereto, the Co-Documentation Agents, the Syndication Agents and JPMorgan Chase Bank, N.A., as the Administrative Agent, in each case at such place as the Administrative Agent may specify from time to time, in lawful money
                  of the United States in immediately available funds.

                

                

                Capitalized terms used herein which are not otherwise defined herein shall have the respective meanings ascribed thereto in the Credit Agreement.

                

                

                The Euro Term Loans evidenced by this Note are prepayable in the amounts, and on the dates, set forth in the Credit Agreement.  This Note is one of the Notes under, and as such term is
                  defined in, the Credit Agreement, and is subject to, and should be construed in accordance with, the provisions thereof, and is entitled to the benefits set forth in the Loan Documents.

                

                

                The Lender is hereby authorized to record on the schedule annexed hereto and any continuation sheets which the Lender may attach thereto (a) the date and amount of each Euro Term Loan
                  made by such Lender, (b) the character of each Euro Term Loan as one or more Eurocurrency Borrowings, (c) the Interest Period and Adjusted LIBO Rate applicable to each Eurocurrency Borrowing, and (d) the date and amount of each conversion
                  of, and each payment or prepayment of principal of, each Euro Term Loan.  No failure to so record nor any error in so recording shall affect the obligation of the Borrower to repay the Euro Term Loans, together with interest thereon, as
                  provided in the Credit Agreement, and the outstanding principal balance of the Euro Term Loans as set forth in such schedule shall be prima facie evidence of the existence and amounts of the obligations recorded therein.

                

                

                This Note is secured by the Collateral Documents.

                

                

                Except as specifically otherwise provided in the Credit Agreement, the Borrower hereby waives presentment, demand, notice of dishonor, protest, notice of protest and all other demands,
                  protests and notices in connection with the execution, delivery, performance, collection and enforcement of this Note.

                

                

                THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK.

                

                

                
                  
                    

                

                	 	
                        MODINE MANUFACTURING COMPANY

                      
	 	 	 
	 	
                        By:

                      	 
	 	
                        Name:

                      
	 	
                        Title:

                      

                

                

                
                  
                    

                

                
                SCHEDULE OF EURO TERM LOANS AND PAYMENTS OR PREPAYMENTS

                

                

                	 	
                        Date

                      	 	
                        Amount of 

                        Loan

                      	 	
                        Type of

                        Loan Currency

                      	 	
                        Interest 

                        Period/Rate

                      	 	
                        Amount of 

                        Principal 

                        Paid or 

                        Prepaid

                      	 	
                        Unpaid 

                        Principal 

                        Balance

                      	 	
                        Notation 

                        Made By

                      
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 

                

                

                
                  2

                  
                    

                

                EXHIBIT E

                

                

                LIST OF CLOSING DOCUMENTS

                

                

                MODINE MANUFACTURING COMPANY

                CERTAIN SUBSIDIARY BORROWERS

                

                

                CREDIT FACILITIES

                

                

                June 28, 2019

                

                

                LIST OF CLOSING DOCUMENTS1

                

                

                A.          LOAN DOCUMENTS

                

                

                
                  
                    	1.	
                            Fourth Amended and Restated Credit Agreement (the “Credit Agreement”) by and among Modine Manufacturing Company (the “Company”), the Subsidiary Borrowers from time to time parties thereto (collectively with
                              the Company, the “Borrowers”), the institutions from time to time parties thereto as Lenders (the “Lenders”) and JPMorgan Chase Bank, N.A., in its capacity as Administrative Agent for itself and the other Lenders
                              (the “Administrative Agent”), evidencing a revolving credit facility to the Borrowers from the Revolving Lenders in an aggregate principal amount of $250,000,000, a dollar-denominated term loan facility to the Company
                              from the Dollar Term Lenders in an aggregate principal amount of $155,000,000 and a euro-denominated term loan facility to the Company from the Euro Term Lenders in an aggregate principal amount of €40,000,000.

                          

                  

                

                

                

                SCHEDULES

                

                

                
                  	
                          Schedule 2.01

                        	
                          --

                        	
                          Commitments

                        
	
                          Schedule 2.05

                        	
                          --

                        	
                          Swingline Sublimits

                        
	
                          Schedule 2.06

                        	
                          --

                        	
                          Existing Letters of Credit

                        
	
                          Schedule 3.06

                        	
                          --

                        	
                          Litigation

                        
	
                          Schedule 3.09

                        	
                          --

                        	
                          Subsidiaries

                        
	
                          Schedule 5.11

                        	
                          --

                        	
                          Mortgaged Properties

                        
	
                          Schedule 6.03

                        	
                          --

                        	
                          Investments

                        
	
                          Schedule 6.04

                        	
                          --

                        	
                          Liens

                        
	
                          Schedule 6.05

                        	
                          --

                        	
                          Indebtedness

                        
	
                          Schedule 6.12

                        	
                          --

                        	
                          Transactions with Affiliates

                        
	 	 	 
	 	 	
                          EXHIBITS

                        
	 	 	 
	
                          Exhibit A

                        	
                          --

                        	
                          Form of Assignment and Assumption

                        
	
                          Exhibit B-1

                        	
                          --

                        	
                          Form of Opinion of Foley & Lardner LLP

                        
	
                          Exhibit B-2

                        	
                          --

                        	
                          Form of Opinion of Special UK Counsel

                        
	
                          Exhibit C-1

                        	
                          --

                        	
                          Form of Increasing Lender Supplement

                        

                

                

                  
                    

                  	
                          1

                        	
                          Each capitalized term used herein and not defined herein shall have the meaning assigned to such term in the above-defined Credit Agreement.  Items appearing in bold
                            and italics shall be prepared and/or provided by the Company and/or Company’s counsel

                        

                   

                  

                

                
                  
                    

                

                
                
                  	
                          Exhibit C-2

                        	
                          --

                        	
                          Form of Augmenting Lender Supplement

                        
	
                          Exhibit D-1

                        	
                          --

                        	
                          Form of Revolving Credit Note

                        
	
                          Exhibit D-2

                        	
                          --

                        	
                          Form of Dollar Term Loan Note

                        
	
                          Exhibit D-3

                        	
                          --

                        	
                          Form of Euro Term Loan Note

                        
	
                          Exhibit E

                        	
                          --

                        	
                          List of Closing Documents

                        
	
                          Exhibit F-1

                        	
                          --

                        	
                          Form of Borrowing Subsidiary Agreement

                        
	
                          Exhibit F-2

                        	
                          --

                        	
                          Form of Borrowing Subsidiary Termination

                        
	
                          Exhibit G-1

                        	
                          --

                        	
                          Form of Borrowing Request

                        
	
                          Exhibit G-2

                        	
                          --

                        	
                          Form of Interest Election Request

                        
	
                          Exhibits H-1-4

                        	
                          --

                        	
                          Form of U.S. Tax Compliance Certificates

                        
	
                          Exhibit I

                        	
                          --

                        	
                          Form of Compliance Certificate

                        

                

                

                

                
                  
                    	2.	
                            Notes executed by each of the Borrowers in favor of each of the Lenders, if any, which has requested a note pursuant to Section 2.10(e) of the Credit Agreement.

                          

                  

                

                

                

                
                  
                    	3.	
                            Amended and Restated Guaranty executed by the initial Guarantors in favor of the Administrative Agent.

                          

                  

                

                

                

                
                  
                    	4.	
                            Reaffirmation and Agreement in respect of Amended and Restated Pledge and Security Agreement executed by the Company, the initial Guarantors, the Required Noteholders (as defined in the Intercreditor Agreement, the
                              Administrative Agent and the Collateral Agent.

                          

                  

                

                

                

                
                  
                    	5.	
                            Confirmatory Grants of Security Interest in United States Patents made by the relevant Loan Parties in favor of the Collateral Agent for the benefit of the Secured Parties.

                          

                  

                

                 

                

                
                  	
                          Schedule A

                        	
                          --

                        	
                          Registered Patents; Patent Applications; Other Patents

                        

                

                

                

                
                  
                    	6.	
                            Confirmatory Grants of Security Interest in United States Trademarks made by the relevant Loan Parties in favor of the Collateral Agent for the benefit of the Secured Parties.

                          

                  

                

                 

                

                
                  	
                          Schedule A

                        	
                          --

                        	
                          Registered Trademarks; Trademark and Service Mark Applications; Other Trademarks

                        

                

                

                

                
                  
                    	7.	
                            Certificates of Insurance listing the Collateral Agent as (x) lender loss payee for the property casualty insurance policies of the Company, together with separate lender loss
                              payable endorsements and (y) additional insured with respect to the liability insurance policies of the Company, together with separate additional insured endorsements.

                          

                  

                

                

                

                B.          UCC DOCUMENTS

                 

                  

                
                  
                    	8.	
                            UCC, tax lien and name variation search reports naming the Company and the initial Guarantors from the appropriate offices in relevant jurisdictions.

                          

                  

                

                

                

                
                  
                    	9.	
                            UCC financing statements naming the Company and the initial Guarantors as debtor and the Administrative Agent as secured party as filed with the appropriate offices in applicable jurisdictions.

                          

                  

                

                

                

                
                  2

                  
                    

                

                C.          CORPORATE DOCUMENTS

                

                

                
                  
                    	10.	
                            Certificate of the Secretary or an Assistant Secretary (or, in relation to any Dutch Borrower, a director(s) certificate) of each Borrower and each initial Guarantor
                                (collectively, the “Loan Parties”) certifying (i) that there have been no changes in the
                                Certificate of Incorporation (or, in relation to any Dutch Borrower, the deed of incorporation (akte van oprichting)) or other charter document of such Loan Party, as attached thereto and as certified as of a recent date by
                                the Secretary of State (or analogous governmental entity) of the jurisdiction of its organization, since the date of the certification thereof by such governmental entity (if applicable), (ii) the By-Laws (or, in relation to
                                any Dutch Borrower, the articles of association (statuten)) or other applicable organizational document, as attached thereto, of such Loan Party as in effect on the date of such certification, (iii) resolutions of the Board
                                of Directors or other governing body of such Loan Party authorizing the execution, delivery and performance of each Loan Document to which it is a party, and (iv) the names and true signatures of the incumbent officers of
                                each Loan Party authorized to sign the Loan Documents to which it is a party and (in the case of each Borrower) authorized to request a Borrowing or the issuance of a Letter of Credit  under the Credit Agreement.

                          

                  

                

                

                

                
                  
                    	11.	
                            Good Standing Certificate (or analogous documentation if applicable) for each Loan Party from the Secretary of State (or analogous governmental entity) of the jurisdiction of
                              its organization, to the extent generally available in such jurisdiction.

                          

                  

                

                

                

                

                

                D.          OPINIONS

                

                

                
                  	
                          12.

                        	
                          Opinion of Foley & Lardner LLP, special counsel for the Loan Parties.

                        

                

                

                

                
                  	
                          13.

                        	
                          Opinion of Eversheds Sutherland (International) LLP, special UK counsel for the Loan Parties.

                        

                

                

                

                E.          CLOSING CERTIFICATES AND MISCELLANEOUS

                

                

                
                  
                    	14.	
                            A Certificate signed by the President, a Vice President or an Authorized Officer of the Company certifying the following: (i) that the representations and warranties of
                                the Borrowers set forth in Article III of the Credit Agreement are true and correct in all
                                material respects (without duplication of any materiality qualifier contained therein) as of the Effective Date (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of
                                such specific date) and (ii) that no Default or Event of Default has occurred and is then continuing.

                          

                  

                

                

                

                
                  
                    
                      F.          POST-CLOSING ITEMS

                    

                  

                

                

                

                
                  
                    	15.	
                            Mortgages and Mortgage Instruments in respect of the Mortgaged Properties.

                          

                  

                

                

                

                
                  
                    	16.	
                            Foreign pledge documentation (if any).

                          

                  

                

                

                

                
                  3

                  
                    

                

                EXHIBIT F-1

                

                

                [FORM OF]

                

                

                BORROWING SUBSIDIARY AGREEMENT

                

                

                BORROWING SUBSIDIARY AGREEMENT dated as of [_____], among Modine Manufacturing Company, a Wisconsin corporation (the “Company”), [Name of Subsidiary Borrower], a [__________] (the
                  “New Borrowing Subsidiary”), and JPMorgan Chase Bank, N.A. as Administrative Agent (the “Administrative Agent”).

                

                

                Reference is hereby made to the Fourth Amended and Restated Credit Agreement dated as of June 28, 2019 (as amended, supplemented or otherwise modified from time to time, the “Credit
                    Agreement”), among the Company, the Subsidiary Borrowers from time to time party thereto, the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A. as Administrative Agent.  Capitalized terms used herein but not
                  otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement.  Under the Credit Agreement, the Lenders have agreed, upon the terms and subject to the conditions therein set forth, to make Loans to
                  certain Subsidiary Borrowers (collectively with the Company, the “Borrowers”), and the Company and the New Borrowing Subsidiary desire that the New Borrowing Subsidiary become a Subsidiary Borrower.  In addition, the New Borrowing
                  Subsidiary hereby authorizes the Company to act on its behalf as and to the extent provided for in Article II of the Credit Agreement.  [Notwithstanding the preceding sentence, the New
                  Borrowing Subsidiary hereby designates the following officers as being authorized to request Borrowings under the Credit Agreement on behalf of the New Subsidiary Borrower and sign this Borrowing Subsidiary Agreement and the other Loan
                  Documents to which the New Borrowing Subsidiary is, or may from time to time become, a party: [______________].]

                

                

                Each of the Company and the New Borrowing Subsidiary represents and warrants that the representations and warranties of the Company in the Credit Agreement relating to the New Borrowing
                  Subsidiary and this Agreement are true and correct in all material respects (without duplication of any materiality qualifier contained therein) on and as of the date hereof, other than representations given as of a particular date, in
                  which case they shall be true and correct in all material respects (without duplication of any materiality qualifier contained therein) as of that date.  [INSERT OTHER PROVISIONS REASONABLY REQUESTED BY ADMINISTRATIVE AGENT OR ITS
                  COUNSELS]  The Company agrees that the guarantee of the Company contained in the Credit Agreement will apply to the Obligations of the New Borrowing Subsidiary.  Upon execution of this Agreement by each of the Company, the New Borrowing
                  Subsidiary and the Administrative Agent, the New Borrowing Subsidiary shall be a party to the Credit Agreement and shall constitute a “Subsidiary Borrower” for all purposes thereof, and the New Borrowing Subsidiary hereby agrees to be
                  bound by all provisions of the Credit Agreement.

                

                

                This Agreement shall be governed by and construed in accordance with the laws of the State of New York.

                

                

                [Signature Page Follows]

                

                

                
                  
                    

                

                

                

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

                

                

                	 	
                        MODINE MANUFACTURING COMPANY

                      
	 	 
	 	
                        By:

                      	 
	 	 	
                        Name:

                      
	 	 	
                        Title:

                      
	 	 	 
	 	
                        [NAME OF NEW BORROWING SUBSIDIARY]

                      
	 	 
	 	
                        By:

                      	 
	 	 	
                        Name:

                      
	 	 	
                        Title:

                      
	 	 	 
	 	
                        JPMORGAN CHASE BANK, N.A. as

                      
	 	 	
                        Administrative Agent

                      
	 	 	 
	 	
                        By:

                      	 
	 	 	
                        Name:

                      
	 	 	
                        Title:

                      

                

                

                
                  
                    

                

                EXHIBIT F-2

                

                

                [FORM OF]

                

                

                BORROWING SUBSIDIARY TERMINATION

                

                

                JPMorgan Chase Bank, N.A.

                as Administrative Agent

                for the Lenders referred to below

                [__________]

                [__________]

                Attention:  [__________]

                

                

                [Date]

                

                

                Ladies and Gentlemen:

                

                

                The undersigned, Modine Manufacturing Company (the “Company”), refers to the Fourth Amended and Restated Credit Agreement dated as of June 28, 2019 (as amended, supplemented or
                  otherwise modified from time to time, the “Credit Agreement”), among the Company, the Subsidiary Borrowers from time to time party thereto and JPMorgan Chase Bank, N.A., as Administrative Agent.  Capitalized terms used and not
                  otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement.

                

                

                The Company hereby terminates the status of [______________] (the “Terminated Borrowing Subsidiary”) as a Subsidiary Borrower under the Credit Agreement.  [The Company represents
                  and warrants that no Loans made to the Terminated Borrowing Subsidiary are outstanding as of the date hereof and that all amounts payable by the Terminated Borrowing Subsidiary in respect of interest and/or fees (and, to the extent
                  notified by the Administrative Agent or any Lender, any other amounts payable under the Credit Agreement) pursuant to the Credit Agreement have been paid in full on or prior to the date hereof.] [The Company acknowledges that the
                  Terminated Borrowing Subsidiary shall continue to be a Borrower until such time as all Loans made to the Terminated Borrowing Subsidiary shall have been prepaid and all amounts payable by the Terminated Borrowing Subsidiary in respect of
                  interest and/or fees (and, to the extent notified by the Administrative Agent or any Lender, any other amounts payable by the Terminated Borrowing Subsidiary under the Credit Agreement) pursuant to the Credit Agreement shall have been
                  paid in full, provided that the Terminated Borrowing Subsidiary shall not have the right to make further Borrowings under the Credit Agreement.]

                

                

                [Signature Page Follows]

                

                

                
                  
                    

                

                
                This instrument shall be construed in accordance with and governed by the laws of the State of New York.

                 

                

                	 	
                        Very truly yours,

                      
	 	 
	 	
                        MODINE MANUFACTURING COMPANY

                      
	 	 
	 	
                        By:

                      	 	 
	 	 	
                        Name:

                      
	 	 	
                        Title:

                      

                

                

                
                  
                    	Copy to:	
                            JPMorgan Chase Bank, N.A.

                          

                  

                

                500 Stanton Christiana Rd

                Newark, Delaware 19713

                

                

                
                  2

                  
                    

                

                
                EXHIBIT G-1

                

                

                FORM OF BORROWING REQUEST

                 

                

                JPMorgan Chase Bank, N.A.,

                as Administrative Agent

                for the Lenders referred to below

                

                

                [500 Stanton Christiana Rd

                Newark, Delaware 19713

                Attention: [__________]

                Facsimile: [__________]]

                

                

                With a copy to:

                

                

                [__________]

                [__________]

                Attention: [__________]

                Facsimile: [__________]

                 

                

                Re:  Modine Manufacturing Company

                

                

                [Date]

                

                

                Ladies and Gentlemen:

                

                

                Reference is hereby made to the Fourth Amended and Restated Credit Agreement dated as of June 28, 2019 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit

                    Agreement”), among Modine Manufacturing Company (the “Company”), the Subsidiary Borrowers from time to time party thereto, the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent (in
                  such capacity, the “Administrative Agent”).  Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Credit Agreement.  The [undersigned Borrower][Company, on behalf of [Subsidiary
                  Borrower],] hereby gives you notice pursuant to Section 2.03 of the Credit Agreement that it requests a Borrowing under the Credit Agreement, and in that connection the [undersigned Borrower][Company, on behalf of [Subsidiary
                  Borrower],] specifies the following information with respect to such Borrowing requested hereby:

                

                

                
                  
                    	1.	
                            Name of Borrower:  __________

                          

                  

                

                

                

                
                  
                    	2.	
                            The requested Borrowing is a [Revolving][Dollar Term Loan][Euro Term Loan] Borrowing.

                          

                  

                

                

                

                
                  
                    	3.	
                            Aggregate principal amount of Borrowing:19  __________

                          

                  

                

                

                

                
                  
                    	4.	
                            Date of Borrowing (which shall be a Business Day):  __________

                          

                  

                

                

                

                
                  
                    	5.	
                            Type of Borrowing (ABR or Eurocurrency):  __________

                          

                  

                

                

                

                
                  
                    	6.	
                            Interest Period and the last day thereof (if a Eurocurrency Borrowing):20  __________

                          

                  

                

                

                

                
                  
                    	7.	
                            Agreed Currency:  __________________

                          

                  

                

                

                

                
                  
                    	8.	
                            Location and number of the Borrower’s account or any other account agreed upon by the Administrative Agent and the Borrower to which proceeds of Borrowing are to be disbursed:  _______________________

                          

                  

                

                

                

                [Signature Page Follows]

                

                

                 
                  

                
                  	
                          19

                        	
                          Not less than applicable amounts specified in Section 2.02(c).

                        

                

                
                  
                    
                      	
                              20

                            	
                              Which must comply with the definition of “Interest Period” and end not later than the applicable Maturity Date.

                            

                       

                      

                    

                  

                

                
                  
                    

                

                The undersigned hereby represents and warrants that the conditions to lending specified in Section[s] [4.[__]]1 of the Credit
                  Agreement are satisfied as of the date hereof.

                

                

                	 	
                        Very truly yours,

                      
	 	 
	 	
                        [MODINE MANUFACTURING COMPANY,

                      
	 	
                        as the Company]

                      
	 	
                        [SUBSIDIARY BORROWER,

                      
	 	
                        as a Borrower]

                      
	 	 
	 	 
	 	
                        By:

                      	 	 
	 	
                        Name:

                      
	 	
                        Title:

                      

                

                

                
                  

                  	
                          1

                        	
                          Complete based on which of Sections 4.01 and/or 4.02 are required to be satisfied in connection with the funding of the applicable loan in accordance with Sections 4.01 and/or
                            4.02.

                        

                

                 

                

                
                  
                    

                

                EXHIBIT G-2

                

                

                FORM OF INTEREST ELECTION REQUEST

                

                

                JPMorgan Chase Bank, N.A.,

                as Administrative Agent

                for the Lenders referred to below

                

                

                [500 Stanton Christiana Rd

                Newark, Delaware 19713

                Attention: [_______]

                

                

                Facsimile: ([__]) [__]-[_____]]

                

                

                Re:  Modine Manufacturing Company

                

                

                [Date]

                

                

                Ladies and Gentlemen:

                

                

                Reference is hereby made to the Fourth Amended and Restated Credit Agreement dated as of June 28, 2019 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit

                    Agreement”), among Modine Manufacturing Company (the “Company”), the Subsidiary Borrowers from time to time party thereto, the Lenders from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent (in
                  such capacity, the “Administrative Agent”).  Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Credit Agreement.  The [undersigned Borrower][Company, on behalf of [Subsidiary
                  Borrower],] hereby gives you notice pursuant to Section 2.08 of the Credit Agreement that it requests to convert an existing Borrowing under the Credit Agreement, and in that connection the [undersigned Borrower][Company, on
                  behalf of [Subsidiary Borrower],] specifies the following information with respect to such conversion requested hereby:

                

                

                
                  
                    	1.	
                            List Borrower, date, Type, Class, principal amount, Agreed Currency and Interest Period (if applicable) of existing Borrowing:  _________

                          

                  

                

                

                

                
                  
                    	2.	
                            Aggregate principal amount of resulting Borrowing:  _________

                          

                  

                

                

                

                
                  
                    	3.	
                            Effective date of interest election (which shall be a Business Day):  _________

                          

                  

                

                

                

                
                  
                    	4.	
                            Type of Borrowing (ABR or Eurocurrency):  _________

                          

                  

                

                

                

                
                  
                    	5.	
                            Interest Period and the last day thereof (if a Eurocurrency Borrowing):1  _________

                          

                  

                

                

                

                
                  
                    	6.	
                            Agreed Currency:  _______________

                          

                  

                

                

                

                [Signature Page Follows]

                

                

                
                  
                    
                      

                      	
                              1

                            	
                              Which must comply with the definition of “Interest Period” and end not later than the applicable Maturity Date.

                            

                    

                  

                

                 

                

                
                  
                    

                

                	 	
                        Very truly yours,

                      
	 	 
	 	
                        [MODINE MANUFACTURING COMPANY,

                      
	 	
                        as the Company]

                      
	 	
                        [SUBSIDIARY BORROWER,

                      
	 	
                        as a Borrower]

                      
	 	 
	 	
                        By:

                      	 	 
	 	
                        Name:

                      
	 	
                        Title:

                      

                

                

                
                  
                    

                

                EXHIBIT H-1

                

                

                [FORM OF]

                

                

                U.S. TAX COMPLIANCE CERTIFICATE

                

                

                (For A Foreign Lender That, For U.S. Federal Income Tax Purposes, Is Neither Treated As A Partnership Nor Treated As A Disregarded Entity That Is Owned By A Partnership)

                

                

                Reference is hereby made to the Fourth Amended and Restated Credit Agreement dated as of June 28, 2019 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit

                    Agreement”), among Modine Manufacturing Company (the “Company”), the Subsidiary Borrowers from time to time party thereto (collectively with the Company, the “Borrowers”), the Lenders from time to time party thereto
                  and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”).

                

                

                Pursuant to the provisions of Section 2.17 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the Loan(s) (as well as
                  any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) it (or, in the event that it is a Disregarded Entity, the Person that is treated for U.S. federal income tax purposes as being the sole owner
                  of the undersigned) is (a) not a bank within the meaning of Section 881(c)(3)(A) of the Code, (b) not a ten percent shareholder of any applicable Borrower within the meaning of Section 871(h)(3)(B) of the Code and (c) not a controlled
                  foreign corporation related to any applicable Borrower as described in Section 881(c)(3)(C) of the Code.

                

                

                The undersigned has furnished the Administrative Agent and applicable Borrower with a certificate of the non-U.S. person status of the undersigned (or, in the event that the undersigned
                  is a Disregarded Entity, the Person that is treated for U.S. federal income tax purposes as being the sole owner of the undersigned) on IRS Form W-8BEN or IRS Form W-8BEN-E.  By executing this certificate, the undersigned agrees that (1)
                  if the information provided on this certificate changes, the undersigned shall promptly so inform the Borrowers and the Administrative Agent and (2) the undersigned shall have at all times furnished the Borrowers and the Administrative
                  Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments.

                

                

                Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.

                

                

                	
                        [NAME OF LENDER]

                      	 
	 	 
	
                        By:

                      	 	 
	
                        Name:

                      	 
	
                        Title:

                      	 
	 	 
	
                        Date:  __________, 20[__]

                      	 

                

                

                
                  
                    

                

                EXHIBIT H-2

                

                

                [FORM OF]

                

                

                U.S. TAX COMPLIANCE CERTIFICATE

                

                

                (For A Foreign Participant That, For U.S. Federal Income Tax Purposes, Is Neither Treated As A Partnership Nor Treated As A Disregarded Entity That Is Owned By A Partnership)

                

                

                Reference is hereby made to the Fourth Amended and Restated Credit Agreement dated as of June 28, 2019 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit

                    Agreement”), among Modine Manufacturing Company (the “Company”), the Subsidiary Borrowers from time to time party thereto (collectively with the Company, the “Borrowers”), the Lenders from time to time party thereto
                  and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”).

                

                

                Pursuant to the provisions of Section 2.17 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the participation in
                  respect of which it is providing this certificate, (ii) it (or, in the event that it is a Disregarded Entity, the Person that is treated for U.S. federal income tax purposes as being the sole owner of the undersigned) is (a) not a bank
                  within the meaning of Section 881(c)(3)(A) of the Code, (b) not a ten percent shareholder of any applicable Borrower within the meaning of Section 871(h)(3)(B) of the Code and (c) not a controlled foreign corporation related to any
                  applicable Borrower as described in Section 881(c)(3)(C) of the Code.

                

                

                The undersigned has furnished its participating Lender with a certificate of the non-U.S. person status of the undersigned (or, in the event that the undersigned is a Disregarded Entity,
                  the Person that is treated for U.S. federal income tax purposes as being the sole owner of the undersigned) on IRS Form W-8BEN or IRS Form W-8BEN-E.  By executing this certificate, the undersigned agrees that (1) if the information
                  provided on this certificate changes, the undersigned shall promptly so inform such Lender in writing, and (2) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective certificate in
                  either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments.

                

                

                Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.

                

                

                	
                        [NAME OF PARTICIPANT]

                      	 
	 	 
	
                        By:

                      	 	 
	
                        Name:

                      	 
	
                        Title:

                      	 
	 	 
	
                        Date:  __________, 20[__]

                      	 

                

                

                
                  
                    

                

                EXHIBIT H-3

                

                

                [FORM OF]

                

                

                U.S. TAX COMPLIANCE CERTIFICATE

                

                

                (For A Foreign Participant That, For U.S. Federal Income Tax Purposes, Is Either Treated As A Partnership Or Treated As A Disregarded Entity That Is Owned By A Partnership)

                

                

                Reference is hereby made to the Fourth Amended and Restated Credit Agreement dated as of June 28, 2019 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit

                    Agreement”), among Modine Manufacturing Company (the “Company”), the Subsidiary Borrowers from time to time party thereto (collectively with the Company, the “Borrowers”), the Lenders from time to time party thereto
                  and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”).

                

                

                Pursuant to the provisions of Section 2.17 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the participation in respect of which
                  it is providing this certificate, (ii) it is the sole beneficial owner of such participation for purposes other than U.S. federal income tax purposes, (iii) it (or, in the event that it is a Disregarded Entity, the Person that is treated
                  for U.S. federal income tax purposes as being the sole owner of the undersigned) is not a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section
                  881(c)(3)(A) of the Code, and (iv) none of the members of the undersigned (or, in the event that the undersigned is a Disregarded Entity, none of the members of the Person that is treated for U.S. federal income tax purposes as being the
                  sole owner of the undersigned) is (a) a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (b) a ten percent shareholder
                  of any applicable Borrower within the meaning of Section 871(h)(3)(B) of the Code, or (c) a controlled foreign corporation related to any applicable Borrower as described in Section 881(c)(3)(C) of the Code.

                

                

                The undersigned has furnished its participating Lender with IRS Form W-8IMY accompanied by one of the following forms from each of the members of the undersigned (or, in the event that
                  the undersigned is a Disregarded Entity, from each of the members of the Person that is treated for U.S. federal income tax purposes as being the sole owner of the undersigned) claiming the portfolio interest exemption: (i) an IRS Form
                  W-8BEN or IRS Form W-8BEN-E or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN or IRS Form W-8BEN-E from each of such member’s beneficial owners that is claiming the portfolio interest exemption.  By executing this certificate,
                  the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender and (2) the undersigned shall have at all times furnished such Lender with a properly completed
                  and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments.

                

                

                Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.

                

                

                	
                        [NAME OF PARTICIPANT]

                      	 
	 	 
	
                        By:

                      	 	 
	
                        Name:

                      	 
	
                        Title:

                      	 
	 	 
	
                        Date:  __________, 20[__]

                      	 

                

                

                
                  
                    

                

                EXHIBIT H-4

                

                

                [FORM OF]

                

                

                U.S. TAX COMPLIANCE CERTIFICATE

                

                

                (For A Foreign Lender That, For U.S. Federal Income Tax Purposes, Is Either Treated As A Partnership Or Treated As A Disregarded Entity That Is Owned By A Partnership)

                

                

                Reference is hereby made to the Fourth Amended and Restated Credit Agreement dated as of June 28, 2019 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit

                    Agreement”), among Modine Manufacturing Company (the “Company”), the Subsidiary Borrowers from time to time party thereto (collectively with the Company, the “Borrowers”), the Lenders from time to time party thereto
                  and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”).

                

                

                Pursuant to the provisions of Section 2.17 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the Loan(s) (as well as any Note(s)
                  evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) it is the sole beneficial owner of such Loan(s) (as well as any Note(s) evidencing such Loan(s)) for purposes other than U.S. federal income tax purposes,
                  (iii) it (or, in the event that the undersigned is a Disregarded Entity, the Person that is treated for U.S. federal income tax purposes as being the sole owner of the undersigned) is not a bank extending credit pursuant to a loan
                  agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, and (iv) none of the members of the undersigned (or, in the event that the undersigned is a Disregarded Entity,
                  none of the members of the Person that is treated for U.S. federal income tax purposes as being the sole owner of the undersigned) is (a) a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its
                  trade or business within the meaning of Section 881(c)(3)(A) of the Code, (b) a ten percent shareholder of any such Borrower within the meaning of Section 871(h)(3)(B) of the Code, or (c) a controlled foreign corporation related to any
                  applicable Borrower as described in Section 881(c)(3)(C) of the Code.

                

                

                The undersigned has furnished the Administrative Agent and the applicable Borrower with IRS Form W-8IMY accompanied by one of the following forms from each of the members of the
                  undersigned (or, in the event that the undersigned is a Disregarded Entity, from each of the members of the Person that is treated for U.S. federal income tax purposes as being the sole owner of the undersigned) claiming the portfolio
                  interest exemption: (i) an IRS Form W-8BEN or IRS Form W-8BEN-E or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN or IRS Form W-8BEN-E from each of such member’s beneficial owners that is claiming the portfolio interest
                  exemption.  By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the Borrowers and the Administrative Agent, and (2) the
                  undersigned shall have at all times furnished the Borrowers and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or
                  in either of the two calendar years preceding such payments.

                

                

                Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.

                

                

                	
                        [NAME OF LENDER]

                      	 
	 	 
	
                        By:

                      	 	 
	
                        Name:

                      	 
	
                        Title:

                      	 
	 	 
	
                        Date:  __________, 20[__]

                      	 

                

                

                
                  
                    

                

                EXHIBIT I

                 

                

                [FORM OF]

                

                

                COMPLIANCE CERTIFICATE

                

                

                
                  
                    	To:	
                            The Lenders party to the

                          

                  

                

                Credit Agreement described below

                

                

                This Compliance Certificate (this “Certificate”) is furnished pursuant to that certain Fourth Amended and Restated Credit Agreement dated as of June 28, 2019 (as amended, restated,
                  supplemented or otherwise modified from time to time, the “Credit Agreement”), among Modine Manufacturing Company (the “Company”), the Subsidiary Borrowers from time to time party thereto, the Lenders from time to time party
                  thereto and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, the “Administrative Agent”).  Unless otherwise defined herein, capitalized definitional terms used in this Certificate have the meanings ascribed
                  thereto in the Credit Agreement.

                

                

                THE UNDERSIGNED HEREBY CERTIFIES SOLELY IN [HIS/HER] CAPACITY AS [INSERT TITLE OF AUTHORIZED OFFICER] OF THE COMPANY AND NOT IN AN INDIVIDUAL CAPACITY (AND WITHOUT PERSONAL LIABILITY)
                  THAT:

                

                

                1.     I am the duly elected [insert title of Authorized Officer delivering this Certificate] of the Company, and I am authorized to deliver this Certificate on behalf of the Company;

                

                

                2.    Except as set forth below, and I have no knowledge of the existence of any condition or event which constitutes a Default or Event of Default at the end of the accounting period
                  covered by the attached financial statements or as of the date of this Certificate[, except as set forth below]; and

                

                

                3.    Schedule I attached hereto sets forth financial data and computations evidencing the Company’s compliance [or noncompliance] with certain covenants of the Credit Agreement,
                  all of which data and computations are true and correct.

                

                

                4.    Schedule II attached hereto sets forth the determination of the Applicable Rate.

                

                

                5.    Described below are the exceptions, if any, to paragraph 2 by listing, in detail, the nature of the condition or event, the period during which it has existed and the action which
                  the Company has taken, is taking, or proposes to take with respect to each such condition or event:

                

                

                	 	 
	 	 
	 	 

                

                

                
                  
                    

                

                The foregoing certifications are made and delivered as of this _____ day of __________, 20___.

                

                

                	 	
                        MODINE MANUFACTURING COMPANY

                      
	 	 	 
	 	
                        By:

                      	 	 
	 	
                        Name:

                      	 
	 	
                        Title:

                      	 

                

                

                
                  
                    

                

                SCHEDULE I to Compliance Certificate

                

                

                Compliance as of _________, 20___ with

                Provisions of Section 6.07 of the Credit Agreement

                

                

                Attached

                

                

                [format of calculations to be agreed upon by Company and Administrative Agent]

                

                

                
                  
                    

                

                SCHEDULE II to Compliance Certificate

                

                

                Company’s Applicable Margin Calculation

                

                

                Attached

                

                

                [format of calculations to be agreed upon by Company and Administrative Agent]EX-10.1

 Exhibit 10.1 

INTERCORP FINANCIAL SERVICES INC. 

as Issuer 
 THE BANK OF
NEW YORK MELLON 
 as Trustee, Registrar, Paying Agent and Transfer Agent 

and 
 THE BANK OF NEW
YORK MELLON SA/NV, LUXEMBOURG BRANCH 
 as Luxembourg Paying Agent and Luxembourg Transfer Agent 

 
  

INDENTURE 
 Dated as of
October 19, 2017 
  
  

4.125% SENIOR NOTES DUE 2027 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
			
		 	ARTICLE I	  			
			
		 	DEFINITIONS AND INCORPORATION BY REFERENCE	  			
			
	 Section 1.1
	 	Definitions	  	 	1	 
	 Section 1.2
	 	Rules of Construction	  	 	13	 
			
		 	ARTICLE II	  			
			
		 	THE NOTES	  			
			
	 Section 2.1
	 	Form and Dating	  	 	14	 
	 Section 2.2
	 	Execution and Authentication	  	 	14	 
	 Section 2.3
	 	Registrar, Transfer Agents and Paying Agents	  	 	15	 
	 Section 2.4
	 	Paying Agent to Hold Money in Trust	  	 	16	 
	 Section 2.5
	 	CUSIP, ISIN and Common Code Numbers	  	 	17	 
	 Section 2.6
	 	Holder Lists	  	 	17	 
	 Section 2.7
	 	Global Note Provisions	  	 	17	 
	 Section 2.8
	 	Legends	  	 	18	 
	 Section 2.9
	 	Transfer and Exchange	  	 	18	 
	 Section 2.10
	 	Mutilated, Destroyed, Lost or Stolen Notes	  	 	22	 
	 Section 2.11
	 	Temporary Notes	  	 	23	 
	 Section 2.12
	 	Cancellation	  	 	23	 
	 Section 2.13
	 	Defaulted Interest	  	 	23	 
	 Section 2.14
	 	Additional Notes	  	 	24	 
	 Section 2.15
	 	Open Market Purchases	  	 	24	 
			
		 	ARTICLE III	  			
			
		 	COVENANTS	  			
			
	 Section 3.1
	 	Payment of Notes	  	 	25	 
	 Section 3.2
	 	Maintenance of Office or Agency	  	 	26	 
	 Section 3.3
	 	Corporate Existence	  	 	26	 
	 Section 3.4
	 	Further Instruments and Acts	  	 	26	 
	 Section 3.5
	 	Waiver of Stay, Extension or Usury Laws	  	 	26	 
	 Section 3.6
	 	Change of Control Event	  	 	26	 
	 Section 3.7
	 	Limitation on Liens	  	 	28	 
	 Section 3.8
	 	Reports to Holders	  	 	29	 
	 Section 3.9
	 	Listing	  	 	30	 
	 Section 3.10
	 	Payment of Additional Amounts	  	 	30	 
	 Section 3.11
	 	Use of Proceeds	  	 	32	 
			
		 	ARTICLE IV	  			
			
		 	LIMITATION ON MERGER, CONSOLIDATION AND SALE OF ASSETS	  			
			
	 Section 4.1
	 	Merger, Consolidation and Sale of Assets	  	 	32	 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
			
	 	 	ARTICLE V	  	 	 
			
	 	 	REDEMPTION OF NOTES	  	 	 
			
	 Section 5.1
	 	 Redemption
	  	 	33	 
	 Section 5.2
	 	 Election to Redeem
	  	 	33	 
	 Section 5.3
	 	 Notice of Redemption
	  	 	33	 
	 Section 5.4
	 	 Selection of Notes to Be Redeemed in Part
	  	 	34	 
	 Section 5.5
	 	 Deposit of Redemption Price
	  	 	35	 
	 Section 5.6
	 	 Notes Payable on Redemption Date
	  	 	35	 
	 Section 5.7
	 	 Unredeemed Portions of Partially Redeemed Note
	  	 	35	 
			
	 	 	ARTICLE VI	  	 	 
			
	 	 	DEFAULTS AND REMEDIES	  	 	 
			
	 Section 6.1
	 	 Events of Default
	  	 	35	 
	 Section 6.2
	 	 Acceleration
	  	 	37	 
	 Section 6.3
	 	 Other Remedies
	  	 	38	 
	 Section 6.4
	 	 Waiver of Past Defaults
	  	 	38	 
	 Section 6.5
	 	 Control by Majority
	  	 	38	 
	 Section 6.6
	 	 Limitation on Suits
	  	 	38	 
	 Section 6.7
	 	 Rights of Holders to Receive Payment
	  	 	39	 
	 Section 6.8
	 	 Collection Suit by Trustee
	  	 	39	 
	 Section 6.9
	 	 Trustee May File Proofs of Claim, etc.
	  	 	39	 
	 Section 6.10
	 	 Priorities
	  	 	40	 
	 Section 6.11
	 	 Undertaking for Costs
	  	 	40	 
			
	 	 	ARTICLE VII	  	 	 
			
	 	 	TRUSTEE	  	 	 
			
	 Section 7.1
	 	 Duties of Trustee
	  	 	41	 
	 Section 7.2
	 	 Rights of Trustee
	  	 	42	 
	 Section 7.3
	 	 Individual Rights of Trustee
	  	 	44	 
	 Section 7.4
	 	 Trustee’s Disclaimer
	  	 	44	 
	 Section 7.5
	 	 Notice of Defaults
	  	 	45	 
	 Section 7.6
	 	 [Intentionally omitted]
	  	 	45	 
	 Section 7.7
	 	 Compensation and Indemnity
	  	 	45	 
	 Section 7.8
	 	 Replacement of Trustee
	  	 	46	 
	 Section 7.9
	 	 Successor Trustee by Merger
	  	 	46	 
	 Section 7.10
	 	 Eligibility
	  	 	47	 
			
	 	 	ARTICLE VIII	  	 	 
			
	 	 	DEFEASANCE; DISCHARGE OF INDENTURE	  	 	 
			
	 Section 8.1
	 	 Legal Defeasance and Covenant Defeasance
	  	 	47	 

  
 ii 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 Section 8.2
	 	 Conditions to Defeasance
	  	 	48	 
	 Section 8.3
	 	 Application of Trust Money
	  	 	49	 
	 Section 8.4
	 	 Repayment to Company
	  	 	49	 
	 Section 8.5
	 	 Indemnity for U.S. Government Obligations
	  	 	50	 
	 Section 8.6
	 	 Reinstatement
	  	 	50	 
	 Section 8.7
	 	 Satisfaction and Discharge
	  	 	50	 
			
	 	 	ARTICLE IX	  	 	 
			
	 	 	AMENDMENTS	  	 	 
			
	 Section 9.1
	 	 Without Consent of Holders
	  	 	51	 
	 Section 9.2
	 	 With Consent of Holders
	  	 	52	 
	 Section 9.3
	 	 Effectiveness of Amendments, Supplements and Waivers
	  	 	53	 
	 Section 9.4
	 	 Revocation and Effect of Consents and Waivers
	  	 	53	 
	 Section 9.5
	 	 Notation on or Exchange of Notes
	  	 	53	 
	 Section 9.6
	 	 Trustee to Sign Amendments and Supplements
	  	 	54	 
			
	 	 	ARTICLE X	  	 	 
			
	 	 	MISCELLANEOUS	  	 	 
			
	 Section 10.1
	 	 Notices
	  	 	54	 
	 Section 10.2
	 	 Certificate and Opinion as to Conditions Precedent
	  	 	55	 
	 Section 10.3
	 	 Statements Required in Officers’ Certificate or Opinion of Counsel
	  	 	55	 
	 Section 10.4
	 	 Rules by Trustee and Agents
	  	 	56	 
	 Section 10.5
	 	 Legal Holidays
	  	 	56	 
	 Section 10.6
	 	 Governing Law, etc.
	  	 	56	 
	 Section 10.7
	 	 No Recourse Against Others
	  	 	57	 
	 Section 10.8
	 	 Successors
	  	 	57	 
	 Section 10.9
	 	 Duplicate and Counterpart Originals
	  	 	57	 
	 Section 10.10
	 	 Severability
	  	 	57	 
	 Section 10.11
	 	 Currency Indemnity
	  	 	57	 
	 Section 10.12
	 	 Table of Contents; Headings
	  	 	58	 

  

			
		
	EXHIBIT A	  	 Form of Note

		
	EXHIBIT B	  	 Form of Certificate for Transfer to QIB

		
	EXHIBIT C	  	 Form of Certificate for Transfer Pursuant to Regulation S

		
	EXHIBIT D	  	 Form of Certificate for Transfer Pursuant to Rule 144

  
 iii 

 INDENTURE, dated as of October 19, 2017, by and among Intercorp Financial Services Inc., a
corporation incorporated and existing under the laws of the Republic of Panama (the “Company”), The Bank of New York Mellon, a corporation organized under the laws of the State of New York and authorized to conduct a banking
business, as trustee (the “Trustee”), paying agent, registrar and transfer agent, and The Bank of New York Mellon SA/NV, Luxembourg Branch, as Luxembourg paying agent (the “Luxembourg Paying Agent”) and Luxembourg
transfer agent (the “Luxembourg Transfer Agent”). 
 Each party agrees as follows for the benefit of the other parties and
of the Holders of the Initial Notes and any Additional Notes (in each case, as defined herein): 
 ARTICLE I 

DEFINITIONS AND INCORPORATION BY REFERENCE 

Section 1.1 Definitions. 

“Additional Amounts” has the meaning assigned to it in Section 3.10(a). 

“Additional Notes” means the Company’s 4.125% Senior Notes due 2027 issued after the Issue Date, as specified in the
relevant Additional Notes Board Resolution or Additional Notes Supplemental Indenture therefor issued in accordance with this Indenture. 

“Additional Notes Board Resolution” means a Board Resolution duly adopted by the Board of Directors of the Company and
delivered to the Trustee in an Officers’ Certificate providing for the issuance of Additional Notes. 
 “Additional Notes
Supplemental Indenture” means a supplement to this Indenture duly executed and delivered by the Company and the Trustee pursuant to Article IX providing for the issuance of Additional Notes. 

“Affiliate” means, with respect to any specified Person, (a) any other Person that, directly or indirectly, is in
control of, is controlled by or is under common control with such specified Person or (b) any other Person who is a director or officer (i) of such specified Person, (ii) of any subsidiary of such specified Person, or (iii) of
any Person described in clause (a) above. For purposes of this definition, “control” of a Person means the power, direct or indirect, to direct or cause the direction of the management and policies of such Person whether by contract
or otherwise and the terms “controlling” and “controlled” have meanings correlative to the foregoing. 
 “Agent
Members” has the meaning assigned to it in Section 2.7(b). 
 “Agents” means any Paying
Agent, Transfer Agent, Registrar, co-Registrar or other agent appointed by the Company pursuant to the terms of this Indenture. 

“Authenticating Agent” has the meaning assigned to it in Section 2.2(d). 

“Authorized Agent” has the meaning assigned to it in Section 10.6(d). 

 “Bail-in Powers” has the meaning assigned to it in
Section 2.3(c)(i). 
 “Bankruptcy Law” means: (1) Title 11, United States Bankruptcy Code of
1978, as amended, or any similar U.S. federal or state law substantially relating to bankruptcy, insolvency, receivership, liquidation or the relief of debtors or (2) Peruvian bankruptcy law Peruvian Ley General del
Sistema Concursal (Ley No. 27809, as amended) or (3) Panamanian insolvency law Ley que establece el Régimen de los Procesos Concursales de
Insolvencia y dicta otras disposiciones (Ley No. 12 de 19 de mayo de 2016, as amended) or (4) any substantially similar laws for the relief
of debtors. 
 “Board of Directors” means, with respect to any Person, the board of directors or similar governing body of
such Person or any duly authorized committee thereof. 
 “Board Resolution” means, with respect to any Person, a copy of a
resolution certified by the Secretary or an Assistant Secretary of such Person to have been duly adopted by the Board of Directors of such Person and to be in full force and effect on the date of such certification, and delivered to the Trustee.

 “BRRD” has the meaning assigned to it in Section 2.3(c). 

“Business Day” means each day that is not a Saturday, Sunday or other day on which banking institutions in Lima, Peru or New
York, New York are authorized or required by law to close. 
 “Certificated Note” means any Note issued in fully registered
certificated form (other than a Global Note), which shall be substantially in the form of Exhibit A, with appropriate legends as specified in Section 2.8 and Exhibit A. 

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

(1) the direct or indirect sale, lease, transfer, conveyance or other disposition (other than by way of merger or
consolidation), in one or a series of related transactions, of all or substantially all of the assets of the Company and its Subsidiaries taken as a whole to any Person (including any “person” or “group” (as such terms are used
in Sections 13(d)(3) and 14(d) of the Exchange Act or any successor provisions to any of the foregoing)) other than to one or more Permitted Holders; or 

(2) the consummation of any transaction (including without limitation, any merger or consolidation) the result of which is that
the Permitted Holders cease to be the “beneficial owners” (as defined in Rules 13d 3 and 13d 5 under the Exchange Act), directly or indirectly, of more than 50% of the Voting Stock of the Company, measured by voting power rather than
number of shares; or 
 (3) the adoption of a plan relating to the liquidation or dissolution of the Company. 

“Change of Control Event” means the occurrence of both a Change of Control and a Ratings Decline in respect thereof. 

  
 2 

 “Change of Control Event Notice” means notice of a Change of Control Offer
made pursuant to Section 3.6, which shall be given to each record Holder in accordance with Section 10.1 within thirty (30) days following the date upon which a Change of Control Event
occurred, with a copy to the Trustee, which such notice shall govern the terms of the Change of Control Offer and shall state: 

(1) that a Change of Control Offer is being made pursuant to Section 3.6, and that all Notes properly
tendered pursuant to such Change of Control Offer will be accepted for purchase by the Company at a purchase price in cash equal to 101% of the principal amount of such notes plus accrued and unpaid interest, and Additional Amounts, if any, to, but
excluding, the date of purchase; 
 (2) the purchase date (which shall be no earlier than 10 days nor later than 60 days from
the date such notice is given) (the “Change of Control Payment Date”); 
 (3) the procedures determined by
the Company, consistent with this Indenture, that a Holder must follow in order to have its notes repurchased; and 
 (4) any
other information necessary to enable any Holder to tender Notes and to have such Notes purchased pursuant to Section 3.6. 

“Change of Control Offer” has the meaning assigned to it in Section 3.6(a). 

“Change of Control Payment” has the meaning assigned to it in Section 3.6(a). 

“Change of Control Payment Date” has the meaning assigned to it in the definition of “Change of Control Event
Notice.” 
 “Code” means the U.S. Internal Revenue Code of 1986, as amended. 

“Company” means the party named as such in the introductory paragraph to this Indenture and its successors and assigns,
including any Surviving Entity. 
 “Company Order” has the meaning assigned to it in
Section 2.2(c). 
 “Comparable Treasury Issue” means the United States Treasury security selected
by an Independent Investment Banker as having a maturity comparable to July 19, 2027 that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities with a
maturity comparable to July 19, 2027. 
 “Comparable Treasury Price” means, with respect to the Redemption Date,
(1) the average of the Reference Treasury Dealer Quotations for the Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations or (2) if the Independent Investment Banker obtains fewer than five
(5) such Reference Treasury Dealer Quotations, the average of all such quotations. 
 “Consolidated Net Tangible
Assets” means, as of any date of determination, as shown on the most recent balance sheet of the Company provided to the Trustee pursuant to Section 3.8 (or required to be provided thereunder), (a) the Total Assets
of the Company and its consolidated Subsidiaries, less (b) 

  
 3 

 
the amount thereof constituting goodwill and Intangible Assets, as calculated in accordance with GAAP, less (c) all current liabilities of the Company and its consolidated Subsidiaries after
eliminating (i) all intercompany items between the Company and any Subsidiary or between Subsidiaries and (ii) all current maturities of long-term Debt; provided that in the event that the Company or any of its consolidated
Subsidiaries assumes liabilities or acquires any assets in connection with the acquisition by the Company or any of its consolidated Subsidiaries of another Person subsequent to the commencement of the period for which the Consolidated Net Tangible
Assets is being calculated but prior to the event for which the calculation of the Consolidated Net Tangible Assets is made, then the Consolidated Net Tangible Assets shall be calculated giving pro forma effect to such assumption of liabilities or
acquisition of assets, as if the same had occurred at the beginning of the applicable period. 
 “Corporate Trust Office”
means the office of the Trustee at which at any time its corporate trust business shall be principally administered, which office at the date hereof is located at The Bank of New York Mellon, 101 Barclay Street, Floor 7 East, New York, New York
10286 or such other address as the Trustee may designate from time to time by notice to the Holders and the Company, or the principal corporate trust office of any successor Trustee (or such other address as such successor Trustee may designate from
time to time by notice to the Holders and the Company). 
 “Covenant Defeasance” has the meaning assigned
to it in Section 8.1(c). 
 “Debt” means, with respect to any Person, without
duplication: 
 (1) indebtedness for money borrowed and premium, if any, and accrued interest in respect thereof; 

(2) liabilities under or in respect of any acceptance or credit; 

(3) the principal and premium, if any, and any accrued and unpaid interest in respect of any bonds, notes, debentures,
certificates of deposit or other securities (whether issued for cash or in whole or in part for consideration other than cash); 

(4) all obligations issued or assumed as the deferred purchase price of property, all conditional sale obligations and all
obligations under any title retention agreement (but excluding trade accounts payable in the ordinary course of business); 

(5) all obligations of such Person for the reimbursement of any obligor or any letter of credit, banker’s acceptance or
similar credit transaction (other than obligations with respect to letters of credit securing obligations (other than obligations described in clauses (1) through (4) above) entered into in the ordinary course of business of such Person to the
extent such letters of credit are not drawn upon or, if and to the extent drawn upon, such drawing is reimbursed no later than the tenth Business Day following receipt by such Person of a demand for reimbursement following payment on the letter of
credit); 
 (6) all obligations of the type referred to in clauses (1) through (5) above of other Persons and all
dividends of other Persons for the payments of which, in either case, such Person is responsible, or liable, directly or indirectly, as obligor, guarantor or otherwise, including by means of any guarantee (other than obligations of other Persons
that are customers or suppliers of such Person for which such Person is or becomes responsible or liable in the ordinary course of business to (but only to) the extent that such Person does not, or is not required to, make payment thereof); 

  
 4 

 (7) the net obligations under Hedging Obligations; 

(8) guarantees and other contingent obligations in respect of Debt referred to in clauses (1) through (7) above; and 

(9) any other obligations of such Person that are required to be, or are in such Person’s financial statements, recorded
or treated as indebtedness under GAAP. 
 “Default” means any event that is, or after notice or passage of time or both
would be, an Event of Default. 
 “Defaulted Interest” has the meaning assigned to it in paragraph 1 of the Form of Reverse
Side of Note contained in Exhibit A. 
 “Depositary” means DTC, Clearstream Banking, société
anonyme or Euroclear S.A./N.V., as operator of the Euroclear System, or any other depositary institution appointed by the Company that is a clearing agency registered under the Exchange Act. The initial Depositary for the Global Notes is DTC.

 “Distribution Compliance Period” means, with respect to any Regulation S Global Note, the forty (40) consecutive
days beginning on and including the later of (a) the day on which any Notes represented thereby are offered to Persons other than distributors (as defined in Regulation S) pursuant to Regulation S and (b) the issue date for such Notes, as
notified by the Company to the Trustee in writing. 
 “DTC” means The Depository Trust Company, its nominees and their
respective successors and assigns, or such other depositary institution hereinafter appointed by the Company that is a clearing agency registered under the Exchange Act. 

“Event of Default” has the meaning assigned to it in Section 6.1(a). 

“Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended, or any successor statute or statutes thereto. 

“Fitch” means Fitch Inc. and its successors. 

“G-20” means the Group of Twenty (G-20) Finance Ministers and Central Bank Governors. 

“GAAP” means IFRS applied on a consistent basis. 

“Global Note” means any Note issued in fully registered, global, certificated form to the Depositary (or its nominee), as
depositary for the beneficial owners thereof, which shall be substantially in the form of Exhibit A, with appropriate legends as specified in Section 2.8 and Exhibit A. 

  
 5 

 “Global Note Legend” has the meaning assigned to it in
Section 2.8(a). 
 “Governmental Authority” means any nation or government, any state or other
political subdivision thereof, any agency, authority, instrumentality, regulatory body, court, central bank or any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government. 

“guarantee” means any obligation, contingent or otherwise, of any Person directly or indirectly guaranteeing any Debt or
other obligation of any Person and any obligation, direct or indirect, contingent or otherwise, of such Person: 
 (1) to
purchase or pay (or advance or supply funds for the purchase or payment of) such Debt or other obligation of such Person (whether arising by virtue of partnership arrangements, or by agreement to keep-well, to purchase assets, goods, securities or
services, to take-or-pay, or to maintain financial statement conditions or otherwise); or 
 (2) entered into for purposes of
assuring in any other manner the obligee of such Debt or other obligation of the payment thereof or to protect such obligee against loss in respect thereof (in whole or in part); provided that the term “guarantee” will not include
endorsements for collection or deposit in the ordinary course of business. 
 The term “guarantee” used as a verb has a
corresponding meaning. 
 “Hedging Obligations” means, with respect to any Person, the obligations of such Person pursuant
to any interest rate swap agreement, foreign currency exchange agreement, interest rate collar agreement, option, forward or futures contract or other similar agreement or arrangement designed to protect such Person against changes in interest rates
or foreign exchange rates. 
 “Holder” means the Person in whose name a Note is registered in the Note Register. 

“Holding Company” means any entity of which 90% or more of its assets are comprised of, or 90% or more of its revenues are
derived from, holding securities in any other Persons. 
 “Holding Subsidiary” means any Holding Company beneficially
owned, directly or indirectly, by the Company that, individually or together with other Holding Companies, owns or controls, directly or indirectly, Share Capital of any other Person. 

“IFRS” means the International Financial Reporting Standards as adopted by the International Accounting Standards Board which
are in effect from time to time. 
 “Indenture” means this Indenture, as amended or supplemented from time to time,
including the Exhibits hereto. 
 “Independent Investment Banker” means one of the Reference Treasury Dealers reasonably
designated by the Company. 

  
 6 

 “Initial Notes” means any of the Company’s 4.125% Senior Notes due
2027 issued on the Issue Date, and any replacement Notes issued therefor in accordance with this Indenture. 
 “Intangible
Assets” means, with respect to the Company and its consolidated Subsidiaries, unamortized deferred charges, patents, trademarks, service marks, trade names, copyrights, write-ups of assets over their carrying value at the end of each fiscal
year, and all other items that would be treated as intangibles on a consolidated statement of financial position of the Company and its consolidated Subsidiaries in accordance with GAAP (except unamortized debt discount and expense). 

“Interest Payment Date” means the stated due date of an installment of interest on the Notes as specified in the Form of Face
of Note contained in Exhibit A. 
 “Investment Grade Rating” means a rating equal to or higher than Baa3 (or the
equivalent) by Moody’s Investors Service, Inc., BBB- (or the equivalent) by Fitch, and BBB- (or the equivalent) by Standard & Poor’s Ratings Group, Inc., or any equivalent rating by any Rating Agency, in each case, with a stable
or better outlook. 
 “Issue Date” means the first date of issuance of Notes under this Indenture. 

“Legal Defeasance” has the meaning assigned to it in Section 8.1(b). 

“Lien” means any mortgage, pledge, security interest, movable guaranty (garantía mobiliaria), security
trust, conditional sale or other title retention agreement or other similar lien. 
 “Luxembourg” means the Grand Duchy of
Luxembourg. 
 “Luxembourg Paying Agent” means the party named as such in the introductory paragraph of this Indenture
until such party resigns or is removed by the Company from such role; provided that, if such party is replaced by a successor in accordance with the terms of this Indenture, “Luxembourg Paying Agent” shall thereafter mean such
successor. 
 “Luxembourg Transfer Agent” means the party named as such in the introductory paragraph of this Indenture
until such party resigns or is removed by the Company from such role; provided that, if such party is replaced by a successor in accordance with the terms of this Indenture, “Luxembourg Transfer Agent” shall thereafter mean such
successor. 
 “Material Subsidiary” means any Subsidiary that represented 10% or more of the Company’s consolidated
Total Assets or consolidated operating revenues in the preceding fiscal year. 
 “Maturity Date” means, when used with
respect to any Note, the date on which the principal of such Note becomes due and payable as therein or herein provided, whether at Stated Maturity or by declaration of acceleration, call for redemption, exercise of any repurchase right or
otherwise. 
 “Moody’s” means Moody’s Investors Service, Inc., or any successor thereto. 

“Non-U.S. Person” means a person who is not a U.S. person, as defined in Regulation S. 

  
 7 

 “Note Custodian” means the custodian with respect to any Global Note
appointed by the Depositary, or any successor Person thereto, and shall initially be the Trustee. 
 “Note Register” has
the meaning assigned to it in Section 2.3(a). 
 “Notes” means, collectively, the Initial Notes
and any Additional Notes issued under this Indenture. 
 “Obligations” means, with respect to any Debt, any principal,
interest (including, without limitation, Post-Petition Interest), premium, Additional Amounts, penalties, fees, indemnifications, reimbursements, damages, and other liabilities payable under the documentation governing such Debt, including in the
case of the Notes, this Indenture. 
 “Offering Memorandum” means the Company’s offering memorandum dated October 12,
2017, used in connection with the Original Offering of Notes. 
 “Officer” means, with respect to any Person, the chief
executive officer or chief financial officer of such Person, any other executive or senior officer performing similar decision making functions for such Person, any member of the Board of Directors of such Person, or any attorney-in-fact of such
Person. 
 “Officers’ Certificate” means, in connection with any action to be taken by the Company, a certificate
signed by two Officers of such Person, in accordance and compliance with the terms of this Indenture, that is delivered to the Trustee. 

“Opinion of Counsel” means a written opinion from legal counsel, who shall be reasonably acceptable to the Trustee. 

“Original Offering of Notes” means the original private offering of the Initial Notes, which were issued on the Issue Date.

 “Outstanding” means, as of the date of determination, all Notes theretofore authenticated and delivered under this
Indenture, except: 
 (1) Notes theretofore canceled by the Trustee or delivered to the Trustee for cancellation; 

(2) Notes, or portions thereof, which money in the necessary amount has been thereto for deposited with the Trustee or any
Paying Agent (other than the Company, any Subsidiary or any of their respective Affiliates) in trust or set aside and segregated in trust by the Company, any Subsidiary or any of their respective Affiliates (if the Company, any Subsidiary or any of
their respective Affiliates is acting as Paying Agent) for the payment redemption or, in the case of a Change of Control Offer, purchase thereof; provided that, if Notes (or portions thereof) are to be redeemed or purchased, notice of such
redemption or purchase has been duly given pursuant to this Indenture or provision therefor reasonably satisfactory to the Trustee has been made; 

  
 8 

 (3) Notes which have been surrendered pursuant to
Section 2.10 or in exchange for or in lieu of which other Notes have been authenticated and delivered pursuant to this Indenture, other than any such Notes in respect of which there shall have been presented to the Trustee
proof satisfactory to it that such Notes are held by a protected purchaser in whose hands such Notes are valid obligations of the Company; and 

(4) solely to the extent provided in Article VIII, Notes which are subject to Legal Defeasance or Covenant Defeasance as
provided in Article VIII; 
 provided, however, that in determining whether the Holders of the requisite aggregate principal amount of
the Outstanding Notes have given any request, demand, authorization, direction, notice, consent or waiver hereunder, Notes owned by the Company, any Subsidiary or any other obligor under the Notes or any Affiliate of the Company, such Subsidiary or
of such other obligor shall be disregarded and deemed not to be Outstanding, except that, in determining whether the Trustee shall be protected in relying upon any such request, demand, authorization, direction, notice, consent or waiver, only Notes
which a Trust Officer of the Trustee actually knows to be so owned shall be so disregarded. Notes so owned which have been pledged in good faith may be regarded as Outstanding if the pledgee establishes to the satisfaction of the Trustee the
pledgee’s right so to act with respect to such Notes and that the pledgee is not the Company, any Subsidiary or any other obligor upon the Notes or any of their respective Affiliates. 

“Paying Agent” has the meaning assigned to it in Section 2.3(a). 

“Permitted Holders” means one or more of the following (i) members of the Rodriguez-Pastor family, (ii) any spouse,
descendant, heirs or estate of the individuals referred to in the preceding clause (i), and (iii) any non-natural Person that is a direct or indirect Affiliate of any of the Persons referred to in the preceding clauses (i) and (ii) and
with respect to which any Person or Persons listed in the preceding clauses (i) and (ii) owns the majority of the aggregate of the total voting power of the Voting Stock in such non-natural Person, on a fully diluted basis. 

“Person” means any individual, corporation, partnership, limited liability company, joint venture, association, joint-stock
company, trust, unincorporated organization, government or any agency or political subdivision thereof or any other entity. 

“Post-Petition Interest” means all interest accrued or accruing after the commencement of any insolvency or liquidation
proceeding (and interest that would accrue but for the commencement of any insolvency or liquidation proceeding) in accordance with and at the contract rate (including, without limitation, any rate applicable upon default) specified in the agreement
or instrument creating, evidencing or governing any Debt, whether or not, pursuant to applicable law or otherwise, the claim for such interest is allowed as a claim in such insolvency or liquidation proceeding. 

“Primary Treasury Dealer” has the meaning assigned to it in the definition of “Reference Treasury Dealer.” 

“Private Placement Legend” has the meaning assigned to it in Section 2.8(b). 

“QIB” means any “qualified institutional buyer” (as defined in Rule 144A). 

  
 9 

 “Rating Agencies” means each of S&P, Fitch and Moody’s or, if
S&P, Fitch or Moody’s or the three of them shall not make a rating on the Notes publicly available, a nationally recognized statistical rating agency or agencies, as the case may be, selected by the Company (as certified by a resolution of
the Board of Directors) which shall be substituted for S&P, Fitch or Moody’s or the three of them, as the case may be. 

“Ratings Date” means in connection with a Change of Control Event, the date that is 90 days prior to the earlier of
(i) the occurrence of a Change of Control or (ii) public notice of the occurrence of a Change of Control or of the intention of the Company or any other Person or Persons to effect a Change of Control. 

“Ratings Decline” means in connection with a Change of Control, the occurrence, on or within 180 days after the earlier to
occur of public notice of (i) the occurrence of a Change of Control and (ii) the intention by the Company or any other Person or Persons to effect a Change of Control (which period will be extended for so long as any of the Rating Agencies
has publicly announced that it is considering a possible ratings change as a result of a Change of Control), of any of the events listed below, in each case expressly as a result of such Change of Control: 

(a) in the event the Notes have an Investment Grade Rating by any two or more Rating Agencies on the Rating Date, the rating of
the Notes by any such Rating Agency will be changed to below an Investment Grade Rating; 
 (b) in the event the Notes have
an Investment Grade Rating by any, but not two or more, of the Rating Agencies on the Rating Date, the rating of the Notes by such Rating Agency will be changed to below an Investment Grade Rating; or 

(c) in the event the Notes are rated below an Investment Grade Rating by any two or more Rating Agencies on the Rating Date,
the rating of the Notes by any such Rating Agency will be decreased by one or more gradations (including gradations within rating categories as well as between rating categories). 

“Record Date” has the meaning assigned to it in the Form of Face of Note contained in Exhibit A. 

“Redemption Date” means, with respect to any redemption of Notes, the date fixed for such redemption pursuant to this
Indenture and the Notes. 
 “Reference Treasury Dealer” means Merrill Lynch, Pierce, Fenner & Smith Incorporated
and J.P. Morgan Securities LLC or their Affiliates that are primary United States government securities dealers in New York City (each, a “Primary Treasury Dealer”) and not less than three other leading Primary Treasury Dealers in
New York City reasonably designated by the Company; provided that if any of the former cease to be a Primary Treasury Dealer, the Company will substitute therefor another Primary Treasury Dealer. 

“Reference Treasury Dealer Quotation” means, with respect to each Reference Treasury Dealer and a Redemption Date, the
average, as determined by the Independent Investment Banker, of the bid and ask prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Independent Investment Banker by such
Reference Treasury Dealer at or about 3:30 p.m. (New York City time) on the third Business Day preceding such Redemption Date. 

  
 10 

 “Registrar” has the meaning assigned to it in
Section 2.3(a). 
 “Regulation S” means Regulation S under the Securities Act or any successor
regulation. 
 “Regulation S Global Note” has the meaning assigned to it in Section 2.1(e). 

“Relevant Resolution Authority” has the meaning assigned to it in Section 2.3(c)(i). 

“Resale Restriction Termination Date” means, with respect to any Rule 144A Global Note (or beneficial interest therein), the
date that is one year (or such other period specified in Rule 144) from the Issue Date or, if any Additional Notes that are Rule 144A Global Notes have been issued before the Resale Restriction Termination Date for any Rule 144A Global Notes, from
the latest such original issue date of such Additional Notes, as notified by the Company to the Trustee in writing. 
 “Restricted
Note” means any Initial Note (or beneficial interest therein) or any Additional Note (or beneficial interest therein), until such time as: 

(1) such Note is a Rule 144A Global Note and the Resale Restriction Termination Date therefor has passed; 

(2) such Note is a Regulation S Global Note and the Distribution Compliance Period therefor has terminated; or 

(3) the Private Placement Legend therefor has otherwise been removed pursuant to Section 2.9(e) or,
in the case of a beneficial interest in a Global Note, such beneficial interest has been exchanged for an interest in a Global Note not bearing a Private Placement Legend. 

“Rule 144” means Rule 144 under the Securities Act (or any successor rule). 

“Rule 144A” means Rule 144A under the Securities Act (or any successor rule). 

“Rule 144A Global Note” has the meaning assigned to it in Section 2.1(d). 

“S&P” means Standard & Poor’s Rating Service or any successor thereto. 

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

“Securities Act” means the U.S. Securities Act of 1933, as amended. 

“Share Capital” means, with respect to any Person, any and all shares of capital stock, interests, rights to purchase,
warrants, options, participations or other equivalents of or interests in (however designated, whether voting or non-voting), such Person’s equity including any preferred stock, but excluding any debt securities convertible into or exchangeable
for such equity. 

  
 11 

 “Special Record Date” has the meaning assigned to it in
Section 2.13(a). 
 “Stated Maturity” means, with respect to any security, the date specified in
such security as the fixed date on which any principal of such security is due and payable, including pursuant to any mandatory redemption or purchase provision (but excluding any provision providing for the purchase of such security at the option
of the holder thereof upon the happening of any contingency unless such contingency has occurred). 
 “Subsidiary” means
any Person of which more than 50% of the total voting power of shares of Share Capital or other interests (including partnership interests) entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers
or trustees thereof is at the time owned or controlled, directly or indirectly, by (a) the Company, (b) the Company and one or more Subsidiaries or (c) one or more Subsidiaries. Unless otherwise specified, a Subsidiary shall be deemed
to be a Subsidiary of the Company. 
 “Surviving Entity” has the meaning assigned to it in
Section 4.1(a)(iii). 
 “Taxes” means all taxes, withholdings, duties, assessments or
governmental charges in the nature of a tax imposed or levied by or on behalf of Panama or the jurisdiction of incorporation of any successor entity to the Company or the jurisdiction through which the Company or any Paying Agent acting on behalf of
the Company makes any payments with respect to the Notes or, in each case, any political subdivision thereof or any authority or agency therein or thereof having power to tax (each, a “Taxing Jurisdiction”). 

“Taxing Jurisdiction” has the meaning assigned to it in the definition of “Taxes.” 

“Total Assets” means, as of any date of determination, the total assets shown on the consolidated balance sheet of the
Company as of the most recent date for which financial statements have been provided to the Trustee, determined in accordance with GAAP. 

“Transfer Agent” has the meaning assigned to it in Section 2.3(a). 

“Transparency Directive” has the meaning assigned to it in Section 3.9(a). 

“Treasury Rate” means, with respect to a Redemption Date, the rate per annum equal to the semi-annual equivalent yield to
maturity or interpolated maturity (on a day-count basis) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for the
Redemption Date. 
 “Trust Officer” means, when used with respect to the Trustee, any officer within the corporate trust
department (or any successor group of the Trustee) of the Trustee, having direct responsibility for the administration of this Indenture or to whom any corporate trust matter is referred because of such person’s knowledge of and familiarity
with the particular subject. 
 “Trustee” means the party named as such in the introductory paragraph of this Indenture
until a successor replaces it in accordance with the terms of this Indenture and, thereafter, means the successor. 

  
 12 

 “U.S. Dollars” or “U.S.$” means such coin or currency of
the United States of America as at the time of payment shall be legal tender for the payment of public and private debts. 
 “U.S.
Government Obligations” means direct obligations of, or guaranteed by (or certificates representing an ownership interest in such obligations) the United States of America (including any agency or instrumentality thereof) for the payment of
which the full faith and credit of the United States of America is pledged and which are not callable or redeemable at the issuer’s option. 

“Voting Stock” means, with respect to any Person as of any date, the Share Capital of such Person that is at the time
entitled to vote generally in the election of the Board of Directors of such Person and in respect of other matters presented at the shareholders’ meeting of such Person. 

Section 1.2 Rules of Construction. Unless the context otherwise requires: 

(a) a term has the meaning assigned to it; 

(b) an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP; 

(c) “or” is not exclusive; 

(d) “including” and “includes” means including or includes, as the case may be, without limitation; 

(e) words in the singular include the plural and words in the plural include the singular; 

(f) references to the payment of principal of the Notes shall include applicable premium, if any; 

(g) references to payments on the Notes shall include Additional Amounts payable on the Notes, if any; 

(h) all references to Sections or Articles refer to Sections or Articles of this Indenture; 

(i) references to any law are to be construed as including all statutory and regulatory provisions or rules consolidating, amending, replacing,
supplementing or implementing such law; and 
 (j) the term “obligor,” when used with respect to the Notes, means the
Company and any other obligor as of the date of this Indenture. 

  
 13 

 ARTICLE II 

THE NOTES 

Section 2.1 Form and Dating. 

(a) The Initial Notes are being originally issued by the Company on the Issue Date. The Notes shall be issued in fully registered certificated
global form without interest coupons, and in minimum denominations of U.S.$200,000 and integral multiples of U.S.$1,000 in excess thereof. The Notes and the certificate of authentication shall be substantially in the form of Exhibit A. 

(b) The terms and provisions of the Notes, the form of which is in Exhibit A, shall constitute, and are hereby expressly made, a part of
this Indenture, and, to the extent applicable, the Company and the Trustee, by their execution and delivery of this Indenture, expressly agree to such terms and provisions and to be bound thereby. Except as otherwise expressly permitted in this
Indenture, all Notes shall be identical in all respects. Notwithstanding any differences among them, all Notes issued under this Indenture shall vote and consent together on all matters as one class. 

(c) The Notes may have notations, legends or endorsements as specified in Section 2.8 or as otherwise required by
law, stock exchange rule or Depositary rule or usage. The Company shall approve the form of the Notes and any notation, legend or endorsement on them. Each Note shall be dated the date of its authentication. 

(d) Notes originally offered and sold to QIBs in reliance on Rule 144A shall be represented by a single permanent global certificate (which may
be subdivided) without interest coupons (each, a “Rule 144A Global Note”). 
 (e) Notes originally offered and sold outside
the United States of America in reliance on Regulation S shall be represented by a single permanent global certificate (which may be subdivided) without interest coupons (each, a “Regulation S Global Note”). 

Section 2.2 Execution and Authentication. 

(a) An Officer shall sign the Notes for the Company by manual or facsimile signature. If an Officer whose signature is on a Note no longer
holds that office at the time the Trustee authenticates the Note, the Note shall be valid nevertheless. 
 (b) A Note shall not be valid
until an authorized signatory of the Trustee manually authenticates the Note. The signature of the Trustee on the certificate of authentication on a Note shall be conclusive evidence that such Note has been duly and validly authenticated and issued
under this Indenture. 
 (c) At any time and from time to time after the execution and delivery of this Indenture, the Trustee shall
authenticate and make available for delivery Notes upon a written order of the Company signed by an Officer of the Company (the “Company Order”). A Company Order shall specify the amount of the Notes to be authenticated and the date
on which such issue of Notes is to be authenticated. 
 (d) The Trustee may appoint an agent (the “Authenticating Agent”)
reasonably acceptable to the Company to authenticate the Notes. Unless limited by the terms of such appointment, any such Authenticating Agent may authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to authentication
by the Trustee includes authentication by the Authenticating Agent. 

  
 14 

 (e) In case a Surviving Entity has executed an indenture supplemental hereto with the
Trustee pursuant to Article IV, any of the Notes authenticated or delivered prior to such transaction may, from time to time, at the request of the Surviving Entity, be exchanged for other Notes executed in the name of the Surviving Entity
with such changes in phraseology and form as may be appropriate, but otherwise identical to the Notes surrendered for such exchange and of like principal amount; and the Trustee, upon Company Order of the Surviving Entity, shall authenticate and
deliver Notes as specified in such order for the purpose of such exchange. If Notes shall at any time be authenticated and delivered in any new name of a Surviving Entity pursuant to this Section 2.2 in exchange or
substitution for or upon registration of transfer of any Notes, such Surviving Entity, at the option of the Holders but without expense to them, shall provide for the exchange of all Notes at the time Outstanding for Notes authenticated and
delivered in such new name. 
 Section 2.3 Registrar, Transfer Agents and Paying Agents. 

(a) The Company shall maintain an office or agency in the Borough of Manhattan, City of New York, and, as long as the Notes are listed on the
Luxembourg Stock Exchange for trading on the Euro MTF Market, in Luxembourg (which office or agency may be an office of the Trustee or an Affiliate of the Trustee), where Notes may be presented or surrendered for transfer or for exchange (the
“Transfer Agent”) and where Notes may be presented for payment (the “Paying Agent”). The Company shall also maintain or cause to be maintained an office or agency in the Borough of Manhattan, City of New York where
Notes may be presented or surrendered for registration of transfer or exchange (the “Registrar”). The Registrar shall keep a register of the Notes and of their transfer and exchange (the “Note Register”). The
Company may have one or more co-Registrars and one or more additional Paying Agents or Transfer Agents. The term “Paying Agent” includes the Luxembourg Paying Agent and any additional paying agent, and the term “Transfer Agent”
includes the Luxembourg Transfer Agent and any additional transfer agent. 
 (b) The Company shall enter into an appropriate agency agreement
with any Registrar, Paying Agent, Transfer Agent or co-Registrar that is not a party to this Indenture. The agreement shall implement the provisions of this Indenture that relate to such Agent. The Company shall notify the Trustee of the name and
address of each such Agent. If the Company fails to maintain a Registrar or Paying Agent and it and its Subsidiaries refuse to act as such Agent(s) in accordance with the following sentence, the Trustee shall act as such and shall be entitled to
appropriate compensation therefor pursuant to Section 7.7. The Company or any of its Subsidiaries may act as Paying Agent, Registrar, co-Registrar or Transfer Agent. 

(c) The Company initially appoints the Trustee as Registrar, Paying Agent and Transfer Agent (and the Trustee hereby accepts such appointment),
until such time as another Person is appointed as such. The Company initially appoints The Bank of New York Mellon SA/NV, Luxembourg Branch as Luxembourg Paying Agent and Luxembourg Transfer Agent (and The Bank of New York Mellon SA/NV, Luxembourg
Branch hereby accepts such appointment), until such time as another person is appointed as such. In respect of the foregoing appointment of The Bank of New York Mellon SA/NV, Luxembourg Branch, as Luxembourg Paying Agent and Luxembourg Transfer
Agent for the Notes, reference is hereby made to (i) the Bank Recovery and Resolution Directive 2014/59/EU establishing a framework for the recovery and resolution of credit institutions and investment firms (the “BRRD”), and
(ii) in relation to a Member State of the European Economic Area which has implemented, or which at any time implements, the BRRD, the relevant implementing law, regulation, rule or requirement as

  
 15 

 
described in the document described as the EU Bail-in Legislation Schedule then in effect, and published by the Loan Market Association (or any successor person) from time to time at
http://www.lma.eu.com/ (the “Bail-in Legislation”). As used herein, the term “BRRD Liability” shall be deemed to have the same meaning as in such laws, regulations, rules or requirements implementing the BRRD under
the applicable Bail-in Legislation. Notwithstanding any other term of this Indenture or any other agreements, arrangements, or understanding between the parties, the Company acknowledges, accepts, and agrees to be bound by: 

(i) the effect of the exercise of any “Write-down” and “Conversion Powers” (as defined in relation to the
relevant Bail-in Legislation) (“Bail-in Powers”) by the resolution authority with the ability to exercise any Bail-in Powers in relation to The Bank of New York Mellon SA/NV, Luxembourg Branch (the “Relevant Resolution
Authority”) in relation to any BRRD Liability of The Bank of New York Mellon SA/NV, Luxembourg Branch under this Indenture, that (without limitation) may include and result in any of the following, or some combination thereof: (1) the
reduction of all, or a portion, of the BRRD Liability or outstanding amounts due thereon; (2) the conversion of all, or a portion, of the BRRD Liability into shares, other securities or other obligations of The Bank of New York Mellon SA/NV,
Luxembourg Branch or another person (and the issue to or conferral on it of such shares, securities or obligations); (3) the cancellation of the BRRD Liability; and/or (4) the amendment or alteration of the amounts due in relation to the BRRD
Liability, including any interest, if applicable, thereon, the maturity or the dates on which any payments are due, including by suspending payment for a temporary period; and 

(ii) the variation of the terms of this Indenture, as applicable, as deemed necessary by the Relevant Resolution Authority, to
give effect to the exercise of Bail-in Powers by the Relevant Resolution Authority. 
 (d) The Company may change any Agent without notice to
Holders. 
 Section 2.4 Paying Agent to Hold Money in Trust. The Company shall require each Paying Agent (other than the Trustee
or any other Paying Agent appointed as of the date hereof pursuant to this Indenture) to agree that such Paying Agent shall hold in trust, for the benefit of Holders or the Trustee, all money held by such Paying Agent for the payment of principal of
or interest on the Notes (whether such money has been distributed to it by the Company or any other obligor under the Notes) in accordance with the terms of this Indenture and shall notify the Trustee in writing of any Default by the Company (or any
other obligor under the Notes) in making any such payment. If the Company or an Affiliate of the Company acts as Paying Agent, it shall segregate the money held by it as Paying Agent and hold it as a separate trust fund. The Company at any time may
require a Paying Agent (other than the Trustee) to pay all money held by it to the Trustee and to account for any funds disbursed by such Paying Agent. Upon complying with this Section 2.4, the Paying Agent (if other than
the Company) shall have no further liability for the money delivered to the Trustee. Upon any proceeding under any Bankruptcy Law with respect to the Company or any Affiliate of the Company, if the Company or such Affiliate is then acting as Paying
Agent, the Trustee shall replace the Company or such Affiliate as Paying Agent. 
 The receipt by the Paying Agent or the Trustee from the
Company of each payment of principal, interest and/or other amounts due in respect of the Notes in the manner specified herein and on the date on which such amount of principal, interest and/or other amounts are then due, shall satisfy the

  
 16 

 
obligations of the Company herein and under the Notes to make such payment to the Holders on the due date thereof; provided, however, that the liability of any Paying Agent
hereunder shall not exceed any amounts paid to it by the Company, or held by it, on behalf of the Holders under this Indenture. Notwithstanding the preceding sentence or any other provision of this Indenture to the contrary, the Company shall
indemnify the Holders in the event that there is subsequent failure by the Trustee or any Paying Agent to pay any amount due in respect of the Notes in accordance with the Notes and this Indenture as shall result in the receipt by the Holders of
such amounts as would have been received by them had no such failure occurred. 
 Section 2.5 CUSIP, ISIN and Common Code
Numbers. In issuing the Notes, the Company may use CUSIP, ISIN and Common Code numbers and, if so, the Trustee shall use CUSIP, ISIN and Common Code numbers in notices of redemption as a convenience to Holders; provided that any such
notice may state that no representation is made as to the correctness of such numbers either as printed on the Notes or as contained in any notice of a redemption and that reliance may be placed only on the other identification numbers printed on
the Notes, and any such redemption shall not be affected by any defect in or omission of such numbers. The Company shall promptly notify the Trustee in writing of any initial CUSIP, ISIN and/or Common Code numbers and any change in the CUSIP, ISIN
or Common Code numbers. 
 Section 2.6 Holder Lists. The Registrar shall preserve in as current a form as is reasonably
practicable the most recent list available to it of the names and addresses of Holders. If the Trustee is not the Registrar, the Company shall furnish to the Trustee, in writing at least seven Business Days before each Interest Payment Date and at
such other times as the Trustee may reasonably request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of Holders. 

Section 2.7 Global Note Provisions. 

(a) Each Global Note initially shall: (i) be registered in the name of the Depositary or the nominee of the Depositary; (ii) be
delivered to the Note Custodian; and (iii) bear the appropriate legend, as set forth in Section 2.8 and Exhibit A. Any Global Note may be represented by more than one certificate. The aggregate principal amount
of each Global Note may from time to time be increased or decreased by adjustments made on the records of the Note Custodian, as provided in this Indenture. 

(b) Members of, or participants in, the Depositary (“Agent Members”) shall have no rights under this Indenture with respect to
any Global Note held on their behalf by the Depositary or by the Note Custodian under such Global Note, and the Depositary or its nominee may be treated by the Company, the Trustee, each Agent and any of their respective agents as the absolute owner
of such Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee, any Agent or any of their respective agents from giving effect to any written certification, proxy or other
authorization furnished by the Depositary or impair, as between the Depositary and its Agent Members, the operation of the customary procedures of the Depositary governing the exercise of the rights of an owner of a beneficial interest in any Global
Note. The registered Holder of a Global Note may grant proxies and otherwise authorize any person, including Agent Members and Persons that may hold interests through Agent Members, to take any action that a Holder is entitled to take under this
Indenture or the Notes. 

  
 17 

 (c) Except as provided below, owners of beneficial interests in Global Notes shall not be
entitled to receive Certificated Notes. Global Notes shall be exchangeable for Certificated Notes only in the following limited circumstances: 

(i) the Depositary notifies the Company that it is unwilling or unable to continue as depositary for such Global Note or the
Depositary ceases to be a clearing agency registered under the Exchange Act, at a time when the Depositary is required to be so registered in order to act as depositary, and in each case a successor depositary is not appointed by the Company within
ninety (90) days of such notice; 
 (ii) any of the Notes has become immediately due and payable in accordance with
Section 6.2 of this Indenture; or 
 (iii) the Company, in its sole discretion, executes and
delivers to the Trustee and the Registrar an Officers’ Certificate stating that such Global Note shall be so exchangeable. 
 In connection with the
exchange of an entire Global Note for Certificated Notes pursuant to this Section 2.7(c), such Global Note shall be deemed to be surrendered to the Trustee for cancellation, and 

the Company shall execute, and upon Company Order the Trustee shall authenticate and deliver, to each beneficial owner identified by the Depositary in exchange
for its beneficial interest in such Global Note, an equal aggregate principal amount of Certificated Notes of authorized denominations. 

Section 2.8 Legends. 

(a) Each Global Note shall bear the restrictive legend specified therefor in Exhibit A on the face thereof (the “Global Note
Legend”). 
 (b) Each Restricted Note shall bear the applicable private placement legend specified therefor in Exhibit A on
the face thereof (the “Private Placement Legend”). 
 Section 2.9 Transfer and Exchange. 

The following provisions shall apply with respect to any proposed transfer of an interest in a Rule 144A Global Note that is a Restricted Note:

 (a) If (1) the owner of a beneficial interest in a Rule 144A Global Note wishes to transfer such interest (or portion thereof) to a
Non-U.S. Person pursuant to Regulation S and (2) such Non-U.S. Person wishes to hold its interest in the Notes through a beneficial interest in the Regulation S Global Note, subject to the rules and procedures of the Depositary, upon receipt by
the Note Custodian and Registrar of: 
 (i) instructions from the Holder of the Rule 144A Global Note directing the Note
Custodian and Registrar to credit or cause to be credited a beneficial interest in the Regulation S Global Note equal to the principal amount of the beneficial interest in the Rule 144A Global Note to be transferred; and 

(ii) a certificate in the form of Exhibit C duly executed by the transferor, 

  
 18 

 the Note Custodian and Registrar shall increase the Regulation S Global Note and decrease the Rule 144A
Global Note by such amount in accordance with the foregoing. 
 (b) If the owner of a beneficial interest in a Regulation S Global Note
wishes to transfer such interest (or any portion thereof) to a QIB pursuant to Rule 144A prior to the expiration of the Distribution Compliance Period therefor, subject to the rules and procedures of the Depositary, upon receipt by the Note
Custodian and Registrar of: 
 (i) instructions from the Holder of the Regulation S Global Note directing the Note Custodian
and Registrar to credit or cause to be credited a beneficial interest in the Rule 144A Global Note equal to the principal amount of the beneficial interest in the Regulation S Global Note to be transferred; and 

(ii) a certificate in the form of Exhibit B duly executed by the transferor, 

the Note Custodian and Registrar shall increase the Rule 144A Global Note and decrease the Regulation S Global Note by such amount in accordance with the
foregoing. 
 (c) Other Transfers. Any transfer of Restricted Notes not described in this Section 2.9 (other than
a transfer of a beneficial interest in a Global Note that does not involve an exchange of such interest for a Certificated Note or a beneficial interest in another Global Note, which must be effected in accordance with applicable law and the rules
and procedures of the Depositary, but is not subject to any procedure required by this Indenture) shall be made only upon receipt by the Company, the Trustee and the Registrar of such Opinions of Counsel, certificates and/or other information
reasonably required by and satisfactory to the Company in order to ensure compliance with the Securities Act or in accordance with Section 2.9(e). 

(d) Certificated Notes Transfers. Certificated Notes may be exchanged or transferred in whole or in part in the principal amount of
authorized denominations by surrendering such Certificated Notes at the Corporate Trust Office, the office of the Trustee or the office of any Transfer Agent with a written instrument of transfer as provided in the assignment form attached to the
form of Notes in Exhibit A hereto duly executed by the Holder thereof or his attorney duly authorized in writing. The provisions of Section 2.9(a) for transfer of an interest in a Rule 144A Global Note to an interest
in a Regulation S Global Note and the provisions of Section 2.9(b) for transfer of an interest in a Regulation S Global Note to an interest in a Rule 144A Global Note shall also apply for the same types of transfers with
respect to Certificated Notes. 
 In exchange for any Certificated Note properly presented for transfer, the Trustee shall promptly
authenticate and deliver or cause to be authenticated and delivered at the Corporate Trust Office, to the transferee, or send by mail, within three Business Days of the receipt of a form of transfer, (at the risk of the transferee) to such address
as the transferee may request, a Certificated Note or Notes, as the case may require, registered in the name of such transferee, for the same aggregate principal amount as was transferred. In the case of the transfer of any Certificated Note in
part, the Trustee shall also promptly authenticate and deliver or cause to be authenticated and delivered at the Corporate Trust Office, to the transferor, or send by mail, within three Business Days of the receipt of a form of transfer (at the risk
of the transferor), to such address as the transferor may request, a Certificated Note or Notes, as the case may require, registered in the name of such transferor, for the aggregate principal amount that

  
 19 

 
was not transferred. No transfer of any Notes shall be made unless the request for such transfer is made by the registered Holder or his attorney duly authorized in writing at the Corporate Trust
Office and is accompanied by a completed instrument of transfer in the form of assignment form attached to the form of Notes in Exhibit A hereto. 

(e) Use and Removal of Private Placement Legends. Upon the registration of transfer, exchange or replacement of Notes (or beneficial
interests in a Global Note) not bearing (or not required to bear upon such registration of transfer, exchange or replacement) a Private Placement Legend, the Company shall direct the Note Custodian and Registrar to exchange such Notes (or beneficial
interests) for beneficial interests in a Global Note (or Certificated Notes, if they have been issued pursuant to Section 2.7(c)) that does not bear a Private Placement Legend. Upon the transfer, exchange or replacement of
Notes (or beneficial interests in a Global Note) bearing a Private Placement Legend, the Note Custodian and Registrar shall deliver only Notes (or beneficial interests in a Global Note) that bear a Private Placement Legend unless: 

(i) such Notes (or beneficial interests) are transferred pursuant to Rule 144 upon delivery to the Registrar of a certificate
duly executed by the transferor in the form of Exhibit D and an opinion of counsel reasonably satisfactory to the Company; 

(ii) such Notes (or beneficial interests) are Rule 144A Global Notes and are transferred, replaced or exchanged after the
Resale Restriction Termination Date therefor or such Notes (or beneficial interests) are Regulation S Global Notes and are transferred, replaced or exchanged after the termination of the Distribution Compliance Period therefor; 

(iii) a transfer of such Notes is made pursuant to an effective registration statement filed with the SEC, in which case the
Private Placement Legend shall be removed from such Note so transferred at the request of the Holder; or 
 (iv) in
connection with such registration of transfer, exchange or replacement the Registrar shall have received an Opinion of Counsel addressed to the Company and the Trustee and other evidence reasonably satisfactory to the Company to the effect that
neither such Private Placement Legend nor the related restrictions on transfer are required in order to maintain compliance with the provisions of the Securities Act. 

The Holder of a Global Note may exchange an interest therein for an equivalent interest in a Global Note not bearing a Private Placement
Legend upon transfer of such interest pursuant to any of clauses (i) through (iv) of this Section 2.9(e). 

(f) Consolidation of Global Notes. Nothing in this Indenture shall provide for the consolidation of any Notes with any other Notes
unless they constitute, as determined pursuant to an Opinion of Counsel, the same classes of securities for U.S. federal income tax purposes. 

(g) Retention of Documents. The Registrar shall retain copies of all letters, notices and other written communications received pursuant
to this Article II in accordance with its customary retention procedures. The Company shall have the right to inspect and make copies of all such letters, notices or other written communications at any reasonable time upon the giving of
reasonable written notice to the Registrar. 

  
 20 

 (h) Execution, Authentication of Notes, etc. 

(i) Subject to the other provisions of this Section 2.9, when Notes are presented to the Registrar or
a co-Registrar with a request to register the transfer of such Notes or to exchange such Notes for an equal principal amount of Notes of other authorized denominations, the Registrar or co-Registrar shall register the transfer or make the exchange
as requested if its requirements for such transaction are met; provided that any Notes presented or surrendered for registration of transfer or exchange shall be duly endorsed or accompanied by a written instrument of transfer in form
satisfactory to the Company and to the Registrar or co-Registrar, duly executed by the Holder thereof or his attorney duly authorized in writing. To permit registrations of transfers and exchanges and subject to the other terms and conditions of
this Article II, the Company shall execute, and upon Company Order the Trustee shall authenticate, Certificated Notes and Global Notes at the Registrar’s or co-Registrar’s request. 

(ii) No service charge shall be made to a Holder for any registration of transfer or exchange, but the Company, the Registrar
or the Trustee may require payment of a sum sufficient to cover any transfer tax, assessment or similar governmental charge payable in connection therewith (other than any such transfer taxes, assessments or similar governmental charges payable upon
exchange or transfer pursuant to Section 3.6). 
 (iii) The Registrar or co-Registrar shall not be
required to register the transfer of or exchange of any Note for a period beginning: (1) fifteen (15) days before a notice of an offer to repurchase or redeem Notes is given and ending at the close of business on the day of such notice; or
(2) fifteen (15) days before an Interest Payment Date and ending on such Interest Payment Date. 
 (iv) Prior to the due
presentation for registration of transfer of any Note, the Company, the Trustee, and any Agent may (subject to the right of the Holders as of any Record Date to receive payments of interest on the related Interest Payment Date) deem and treat the
person in whose name a Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal of and interest on such Note and for all other purposes whatsoever, whether or not such Note is overdue, and (subject to
Section 2.13) none of the Company, the Trustee or any Agent shall be affected by notice to the contrary. 

(v) All Notes issued upon any registration of transfer or exchange pursuant to the terms of this Indenture shall evidence the
same debt and shall be entitled to the same benefits under this Indenture as the Notes surrendered upon such registration of transfer or exchange. 

(vi) The Registrar shall be entitled to request such evidence reasonably satisfactory to it documenting the identity and/or
signatures of the transferor and the transferee. 
 (i) No Obligation of the Trustee or any Agent. 

(i) Neither the Trustee nor any Agent shall have any responsibility or obligation to any beneficial owner of an interest in a
Global Note, a member of, or a participant in, the Depositary or other Person with respect to the accuracy of the records of the Depositary or 

  
 21 

 
its nominee or of any participant or member thereof, with respect to any ownership interest in the Notes or with respect to the delivery to any participant, member, beneficial owner or other
Person (other than the Depositary) of any notice (including any notice of redemption) or the payment of any amount or delivery of any Notes (or other security or property) under or with respect to such Notes. All notices and communications to be
given to the Holders and all payments to be made to Holders in respect of the Notes shall be given or made only to or upon the order of the registered Holders (which shall be the Depositary or its nominee in the case of a Global Note). The rights of
beneficial owners in any Global Note shall be exercised only through the Depositary subject to the applicable rules and procedures of the Depositary. The Trustee and the Agents may conclusively rely and shall be fully protected in conclusively
relying upon information furnished by the Depositary with respect to its members and participants and any beneficial owners of Global Notes. 

(ii) None of the Trustee or any Agent shall have any obligation or duty to monitor, determine or inquire as to compliance with
any tax or securities laws with respect to any restrictions on transfer or exchange imposed under this Indenture or under applicable law with respect to any transfer or exchange of any interest in any Note (including any transfers between or among
the Depositary participants, members or beneficial owners in any Global Note) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by, the
express terms of this Indenture, to examine the same to determine if it substantially complies on its face as to form with the express requirements hereof. 

Section 2.10 Mutilated, Destroyed, Lost or Stolen Notes. 

(a) If a mutilated or defaced Note is surrendered to the Registrar or if the Holder of a Note claims that the Note has been lost, destroyed or
stolen and if the Company shall certify in an Officers’ Certificate that the requirements of Section 8-405 of the Uniform Commercial Code of the State of New York are met, the Company shall execute, and upon Company Order the Trustee shall
authenticate, a replacement Note if the Holder satisfies any other reasonable requirements of the Trustee. If required by the Trustee or the Company, such Holder shall furnish satisfactory evidence of the destruction, loss or theft and security or
indemnity sufficient in the judgment of the Company and the Trustee to protect the Company, the Trustee, and the Agents from any loss that any of them may suffer if a Note is replaced, and, in the absence of notice to the Company or a Trust Officer
of the Trustee that such Note has been acquired by a protected purchaser (as defined in Section 8-303 of the Uniform Commercial Code of the State of New York), the Company shall execute, and upon Company Order the Trustee shall authenticate and
make available for delivery, in exchange for any such mutilated or defaced Note or in lieu of any such destroyed, lost or stolen Note, a new Note of like tenor and equal principal amount, registered in the same manner, and bearing interest from the
date to which interest has been paid on such Note, in exchange and substitution for such Note (upon surrender and cancellation thereof in the case of a mutilated or defaced Note) or in lieu of and substitution for such Note bearing a number not
contemporaneously Outstanding. 
 (b) Upon the issuance of any new Note under this Section 2.10, the Company, the
Trustee and the Registrar may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Company’s counsel, the
Trustee, the Registrar and their respective counsel) in connection therewith. 

  
 22 

 (c) In case any mutilated, destroyed, lost or stolen Note has become or is about to become
due and payable, the Company may, in its discretion, pay such Notes instead of issuing a new Note in replacement thereof. 
 (d) Every new
Note issued pursuant to this Section 2.10 in exchange for any mutilated Note, or in lieu of any destroyed, lost or stolen Note, shall constitute an original additional contractual obligation of the Company and any other
obligor upon the Notes, and shall be entitled to all benefits of this Indenture equally and proportionately with any and all other Notes duly issued hereunder. 

(e) The provisions of this Section 2.10 shall be exclusive and shall be in lieu of, to the fullest extent permitted
by applicable law, all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Notes. 

Section 2.11 Temporary Notes. Until definitive Notes are ready for delivery, the Company may execute and upon Company Order the
Trustee shall authenticate and make available for delivery temporary Notes. Temporary Notes shall be substantially in the form of definitive Notes but may have variations that the Company considers appropriate for temporary Notes. Without
unreasonable delay, the Company shall prepare and execute and upon Company Order the Trustee shall authenticate and make available for delivery definitive Notes. After the preparation of definitive Notes, the temporary Notes shall be exchangeable
for definitive Notes upon surrender of the temporary Notes at any office or agency maintained by the Company for that purpose and such exchange shall be without charge to the Holder. Upon surrender for cancellation of any one or more temporary
Notes, the Company shall execute and upon Company Order the Trustee shall authenticate and make available for delivery in exchange therefor one or more definitive Notes representing an equal principal amount of Notes. Until so exchanged, the Holder
of temporary Notes shall in all respects be entitled to the same benefits under this Indenture as a Holder of definitive Notes. 

Section 2.12 Cancellation. The Company at any time may deliver Notes to the Trustee for cancellation. The Agents shall forward to
the Trustee any Notes surrendered to them for registration of transfer, exchange or payment. The Trustee and no one else shall cancel and dispose of cancelled Notes in accordance with its customary procedures or return to the Company all Notes
surrendered for registration of transfer, exchange, payment or cancellation. Subject to Section 2.10, the Company may not issue new Notes to replace Notes it has paid or delivered to the Trustee for cancellation for any
reason other than in connection with a transfer or exchange upon Company Order. 
 Section 2.13 Defaulted Interest. When any
installment of interest becomes Defaulted Interest, such installment shall forthwith cease to be payable to the Holders in whose names the Notes were registered on the Record Date applicable to such installment of interest. Defaulted Interest
(including any interest on such Defaulted Interest) may be paid by the Company, at its election, as provided in Section 2.13(a) or Section 2.13(b). 

(a) The Company may elect to make payment of any Defaulted Interest (including any interest on such Defaulted Interest) to the Holders in whose
names the Notes are registered at the close of business on a special record date for the payment of such Defaulted Interest (a “Special Record 

  
 23 

 
Date”), which shall be fixed in the following manner. The Company shall notify the Trustee in writing of the amount of Defaulted Interest proposed to be paid and the date of the
proposed payment, and at the same time the Company shall deposit with the Trustee an amount of money equal to the aggregate amount proposed to be paid in respect of such Defaulted Interest or shall make arrangements satisfactory to the Trustee for
such deposit prior to the date of the proposed payment, such money when deposited to be held in trust for the benefit of the Holders entitled to such Defaulted Interest as provided in this Section 2.13(a). Thereupon the
Trustee shall fix a Special Record Date for the payment of such Defaulted Interest, which shall be not more than fifteen (15) calendar days and not less than ten (10) calendar days prior to the date of the proposed payment and not less
than ten (10) calendar days after the receipt by the Trustee of the notice of the proposed payment. The Trustee shall promptly notify the Company of such Special Record Date and, in the name and at the expense of the Company, shall cause notice
of the proposed payment of such Defaulted Interest and the Special Record Date therefor to be given to each Holder in accordance with Section 10.1, not less than ten (10) calendar days prior to such Special Record
Date. Notice of the proposed payment of such Defaulted Interest and the Special Record Date therefor having been given as aforesaid, such Defaulted Interest shall be paid to the Holders in whose names the Notes are registered at the close of
business on such Special Record Date and shall no longer be payable pursuant to Section 2.13(b). 
 (b)
Alternatively, the Company may make payment of any Defaulted Interest (including any interest on such Defaulted Interest) in any other lawful manner not inconsistent with the requirements of any securities exchange on which the Notes may be listed,
and upon such notice as may be required by such exchange, if, after notice given by the Company to the Trustee of the proposed payment pursuant to this Section 2.13(b) such manner of payment shall be deemed practicable by
the Trustee. 
 Section 2.14 Additional Notes. The Company may, from time to time, subject to compliance with any other
applicable provisions of this Indenture, without the consent of the Holders, create and issue an unlimited principal amount of Additional Notes pursuant to this Indenture by delivering an Additional Notes Board Resolution or entering into an
Additional Notes Supplemental Indenture. Such Additional Notes shall have terms and conditions set forth in Exhibit A substantially identical to those of the Initial Notes, except that Additional Notes: 

(a) may have a different issue price, issue date and, if applicable, initial Interest Payment Date; 

(b) may have terms specified in the Additional Notes Board Resolution or Additional Notes Supplemental Indenture for such Additional Notes
making appropriate adjustments to this Article II and Exhibit A (and related definitions) applicable to such Additional Notes in order to conform to and ensure compliance with the Securities Act (or other applicable securities laws);
and 
 (c) any Additional Notes shall be issued under a separate CUSIP or ISIN number unless the Additional Notes are issued pursuant to a
“qualified reopening” of, or are otherwise fungible with, the Notes sold in this offering for U.S. federal income tax purposes. 

Section 2.15 Open Market Purchases. The Company and any of its Subsidiaries or Affiliates may, subject to applicable laws and
regulations, at any time purchase Notes in open-market transactions, tender offers or otherwise at any price, which Notes may be delivered to the Trustee for prompt cancellation. Any such Note not delivered to the Trustee to be cancelled may be
resold only in compliance with applicable laws and regulations. 

  
 24 

 ARTICLE III 

COVENANTS 

Section 3.1 Payment of Notes. 

(a) The Company shall pay the principal of and interest (including Defaulted Interest) on the Notes in U.S. Dollars on the dates and in the
manner provided in the Notes and in this Indenture. Prior to 11:00 a.m. (New York City time) on the Business Day prior to each Interest Payment Date and Maturity Date, the Company shall deposit with the Paying Agent in immediately available funds
U.S. Dollars sufficient to make cash payments due on such Interest Payment Date or Maturity Date, as the case may be. If the Company or an Affiliate of the Company is acting as Paying Agent, the Company or such Affiliate shall, prior to 11:00 a.m.
(New York City time) on the Business Day prior to each Interest Payment Date and Maturity Date, segregate and hold in trust U.S. Dollars sufficient to make cash payments due on such Interest Payment Date or Maturity Date, as the case may be.
Principal and interest shall be considered paid on the date due if on such date the Trustee or the Paying Agent (other than the Company or an Affiliate of the Company) holds in accordance with this Indenture U.S. Dollars designated for and
sufficient to pay all principal and interest then due and the Trustee or the Paying Agent, as the case may be, is not prohibited from paying such money to the Holders on that date pursuant to the terms of this Indenture. All payments on the
Certificated Notes will be made at the office or agency of the Paying Agent in New York City unless the Company elects to make interest payments by check mailed to the registered Holders at their registered addresses. Payments on Global Notes shall
be made to the Depositary in accordance with its applicable procedures. 
 (b) Notwithstanding the foregoing, if a Holder of a Certificated
Note in an aggregate principal amount of at least U.S.$1,000,000 has given wire transfer instructions involving payment to a U.S. Dollar account maintained by the payee with a bank in the City of New York to the Company and the Trustee at least
15 (fifteen) days prior to the relevant payment date, the Paying Agent shall make all principal, premium, if any, and interest payments on those Notes in accordance with such instructions. 

(c) Notwithstanding anything to the contrary contained in this Indenture, the Company and any Paying Agent may, to the extent it is required to
do so by law, deduct or withhold income or other similar taxes imposed by the United States of America from principal or interest payments hereunder without any liability therefor. The Trustee shall be entitled to receive from the Company and each
Holder forms W-9 or W-8, as applicable. 
 (d) In order to comply with applicable tax laws (inclusive of rules, regulations and
interpretations promulgated by competent authorities) related to this Indenture and the Notes in effect from time to time (“Applicable Law”) that a foreign financial institution, issuer, trustee, paying agent or other party is or has
agreed to be subject to, the Company agrees (i) to provide the Trustee and each Paying Agent sufficient information about the parties and/or transactions (including any modification to the terms of such transactions) so the Trustee and each
Paying Agent can determine whether it has tax related obligations under Applicable Law, and (ii) to hold harmless the Trustee and each Paying Agent for any losses it may suffer due to the actions it takes to comply with Applicable Law. The
terms of this section shall survive the termination of this Indenture. 

  
 25 

 Section 3.2 Maintenance of Office or Agency. 

(a) The Company shall maintain each office or agency required under Section 2.3 where Notes may be presented or
surrendered for registration of transfer or for exchange and where notices and demands to or upon the Company in respect of the Notes and this Indenture (other than notices of the type contemplated by Section 10.6) may be
served. The Company shall give prompt written notice to the Trustee of the location, and any change in the location, of any such office or agency. 

(b) The Company may also from time to time designate one or more other offices or agencies (in or outside of The City of New York) where the
Notes may be presented or surrendered for any or all such purposes and may from time to time rescind any such designation; provided, however, that no such designation or rescission shall in any manner relieve the Company of its
obligation to maintain an office or agency in The City of New York or, so long as the Notes are listed on the Luxembourg Stock Exchange for trading on the Euro MTF Market, a Transfer Agent and a Paying Agent in Luxembourg for such purposes. The
Company shall give prompt written notice to the Trustee of any such designation or rescission and any change in the location of any such other office or agency. 

Section 3.3 Corporate Existence. Subject to Article IV, the Company shall do or cause to be done all things necessary to
preserve and keep in full force and effect its corporate existence. 
 Section 3.4 Further Instruments and Acts. The Company
shall execute and deliver such further instruments and do such further acts as may be reasonably necessary or proper or as may be required by applicable law to carry out more effectively the purpose of this Indenture. 

Section 3.5 Waiver of Stay, Extension or Usury Laws. The Company covenants (to the fullest extent permitted by applicable law)
that it shall not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay or extension law or any usury law or other law that would prohibit or forgive the Company from paying all or any
portion of the principal of or interest on the Notes as contemplated herein, wherever enacted, now or at any time hereafter in force, or which may affect the covenants or the performance of this Indenture. The Company hereby expressly waives (to the
fullest extent permitted by applicable law) all benefit or advantage of any such law, and covenants that it shall not hinder, delay or impede the execution of any power herein granted to the Trustee, but shall suffer and permit the execution of
every such power as though no such law had been enacted. 
 Section 3.6 Change of Control Event. 

(a) If a Change of Control Event occurs, unless the Company has exercised its right to redeem all of the Notes as described in Article V
prior to the Change of Control Event, the Company will make an offer to purchase all of the Notes (the “Change of Control Offer”) at a purchase price in cash equal to 101% of the principal amount thereof plus accrued and unpaid
interest, and Additional Amounts, if any, to, but excluding, the date of purchase (the “Change of Control Payment”). 

  
 26 

 (b) Within thirty (30) days following any Change of Control Event, unless the Company
has exercised its right to redeem all of the Notes as described in Article V prior to the Change of Control Event, the Company will deliver a Change of Control Event Notice to each Holder or otherwise give notice thereof in accordance with
the applicable procedures of the Depositary. 
 (c) On the Business Day immediately preceding the Change of Control Payment Date, the Company
will, to the extent lawful, deposit with the Paying Agent an amount equal to the Change of Control Payment in respect of all Notes or portions of Notes so tendered. 

(d) On the Change of Control Payment Date the Company will, to the extent lawful: 

(i) accept for payment all Notes or portions of notes (of U.S.$200,000 or larger integral multiples of U.S.$1,000 in excess
thereof) properly tendered pursuant to the Change of Control Offer; and 
 (ii) deliver or cause to be delivered to the
Trustee for cancellation the notes so accepted together with an Officers’ Certificate stating the aggregate principal amount of Notes or portions of Notes being purchased by the Company in accordance with the terms of this covenant. 

(e) The Paying Agent will promptly deliver to each Holder of Notes so tendered the Change of Control Payment for such Notes, and, if only a
portion of the Notes is purchased pursuant to a Change of Control Offer, the Trustee will promptly authenticate and deliver (or cause to be transferred by book-entry) to each Holder a new Note equal in principal amount to any unpurchased portion of
the Notes surrendered upon cancellation of the original Note (or appropriate adjustments to the amount and beneficial interest in a Global Note will be made, as appropriate); provided that each such new Note will be in a principal amount of
U.S.$200,000 or integral multiples of U.S.$1,000 in excess thereof. 
 (f) In the event that the Holders of not less than 90% of the
aggregate principal amount of Outstanding Notes accept the Change of Control Offer and the Company or a third party purchases all the Notes held by such Holders, the Company will have the right, on not less than ten (10) nor more than sixty
(60) days’ prior notice, given not more than thirty (30) days following the Change of Control Payment Date, to redeem all of the Notes that remain outstanding following such purchase at the purchase price equal to that in the Change
of Control Payment plus, to the extent not included in the Change of Control Payment, accrued and unpaid interest and Additional Amounts, if any, on the Notes that remain Outstanding, to, but excluding, the date of redemption. 

(g) If the Change of Control Payment Date is on or after a Record Date and on or before the related interest payment date, any accrued and
unpaid interest to the Change of Control Payment Date will be paid on the relevant interest payment date to the Person in whose name a Note is registered at the close of business on such Record Date. 

(h) The Company shall not be required to make a Change of Control Offer upon a Change of Control Event if: (x) a third party makes the
Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this Indenture applicable to a Change of Control Offer made by the Company and purchases all Notes validly tendered and not validly
withdrawn under such Change of Control Offer or (y) prior to the date the Change of Control Offer is required to be made, the Company has given notice of redemption in respect of all of the Outstanding Notes in accordance with this Indenture,
unless and until there is a default in payment of the applicable redemption price. 

  
 27 

 (i) The Company shall comply, to the extent applicable, with the requirements of Rule 14e-1
under the Exchange Act and any other securities laws and regulations in connection with the purchase of Notes in connection with a Change of Control Offer. To the extent that the provisions of any applicable securities laws or regulations conflict
with the provisions of this Indenture, the Company shall comply with such securities laws and regulations and shall not be deemed to have breached its obligations under this Indenture by doing so. 

(j) The provisions of this Section 3.6 shall be applicable whether or not any other provisions of this Indenture are
applicable. The obligation of the Company to make a Change of Control Offer as a result of the occurrence of a Change of Control Event may be waived or modified at any time prior to the occurrence of such Change of Control Event, with the written
consent of Holders of a majority in principal amount of the Outsanding Notes. 
 Section 3.7 Limitation on Liens. The Company
will not, nor will it permit any Holding Subsidiary to, create, incur or suffer to exist any Lien upon all or any portion of any Share Capital now owned or hereafter acquired by the Company or such Holding Subsidiary securing any Debt of any Person
unless simultaneously therewith effective provision is made to secure the notes equally and ratably with such obligation for so long as such obligation is so secured. The preceding sentence will not, however, require the Company or any such Holding
Subsidiaries to equally and ratably secure the notes if the Lien consists of the following: 
 (a) any Lien on any Share Capital of any
Person (a) existing at the time of acquisition thereof which (x) is not created as a result of or in connection with or in anticipation of such acquisition and (y) does not attach to any other Share Capital other than the Share
Capital so acquired, or (b) acquired by the Company or any Holding Subsidiary (individually or together with other Persons) after the date of the indenture, to the extent such Lien is created, incurred or assumed contemporaneously with, or
within 360 days after such acquisition in order to secure or provide for the payment of all or any part of the purchase price or other consideration of such Share Capital or the other costs of such acquisition (including costs such as financing and
refinancing costs); 
 (b) any extension, renewal or replacement of any Lien referred to in clause (a) above; provided that the
total amount of Debt so secured is not increased, other than any increase reflecting premiums, fees and expenses in connection with such extension, renewal or replacement; 

(c) any Lien on any Share Capital of InRetail Peru Corp. directly or indirectly owned by the Company on the date of this Indenture; and 

(d) in addition to the foregoing Liens set forth in clauses (a) through (c) above, Liens securing Debt of the Company, or any of its
Holding Subsidiaries or any of their respective Subsidiaries not to exceed in aggregate principal amount, at any time of determination, an amount equal to 15% of the Company’s Consolidated Net Tangible Assets. 

  
 28 

 Section 3.8 Reports to Holders. 

(a) The Company shall furnish or cause to be furnished to the Holders of the Notes and to the Trustee (for distribution to the Holders of Notes
upon their written request), copies of (or written notice of a password protected URL address providing access to) the following items: 

(i) in English (or accompanied by an English translation thereof) as soon as available and in any case within forty-five
(45) days after the end of each fiscal quarter (other than the fourth quarter), its interim unaudited quarterly consolidated financial statements prepared in accordance with GAAP (containing a consolidated statement of financial position and
consolidated statements of income, comprehensive income, changes to shareholders’ equity and cash flows, and notes thereto, as of the end of and for the interim period covered thereby and the comparable interim period in the immediately
preceding fiscal year); and 
 (ii) in English (or accompanied by an English translation thereof) as soon as available and in
any case within ninety (90) days after the end of each fiscal year ending on December 31st, its annual audited consolidated financial statements prepared in accordance with GAAP (containing a statement of financial position and consolidated
statements of income, comprehensive income, changes to shareholders’ equity and cash flows, and notes thereto, as of the end of and for such fiscal year and the immediately preceding fiscal year with a report thereon by an internationally
recognized outside firm of certified public accountants). 
 (b) For as long as the Notes are “restricted securities” within the
meaning of Rule 144(a)(3) under the Securities Act, the Company will furnish to any Holder of Notes issued under Rule 144A, or to any prospective purchaser designated by such Holder of Notes, upon request of such Holder of Notes, financial and other
information described in paragraph (d)(4) of Rule 144A with respect to the Company to the extent required in order to permit such Holder of Notes to comply with Rule 144A with respect to any resale of its Note, unless during that time the Company is
subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act, or is exempt from reporting pursuant to Rule 12g3-2(b) under the Exchange Act and no such information about the Company is otherwise required pursuant to Rule
144A. 
 (c) Delivery of such reports, information and documents to the Trustee is for informational purposes only and the Trustee’s
receipt of such reports shall not constitute actual or constructive notice of any information contained therein or determinable from information contained therein, including the Company’s or any other Person’s compliance with any of its
covenants under this Indenture and the Notes (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates). 
 (d)
The Trustee shall not be obligated to monitor or confirm, on a continuing basis or otherwise, the Company’s or any other Person’s compliance with the obligations under this Section 3.8 or with respect to any
reports or other documents filed under this Indenture; provided, however, that nothing herein shall relieve the Trustee of any obligations to monitor the Company’s timely delivery of all reports described in
Section 3.8(a). 

  
 29 

 Section 3.9 Listing. 

(a) In the event that the Notes are listed on the Luxembourg Stock Exchange for trading on the Euro MTF Market, the Company shall use its
commercially reasonable efforts to maintain such listing; provided that if, as a result of the European Union regulated market amended Directive 2001/34/EC (the “Transparency Directive”) or any legislation implementing the
Transparency Directive or other directives or legislation, the Company could be required to publish financial information either more regularly than it otherwise would be required to or according to accounting principles which are materially
different from the accounting principles which the Company would otherwise use to prepare its published financial information, the Company may delist the Notes from the Luxembourg Stock Exchange in accordance with the rules of the exchange and seek
an alternative admission to listing, trading and/or quotation for the Notes on a different section of the Luxembourg Stock Exchange or by such other listing authority, stock exchange and/or quotation system inside or outside the European Union as
the Company’s Board of Directors may decide. 
 (b) From and after the date the Notes are listed on the Luxembourg Stock Exchange for
trading on the Euro MTF Market, and so long as it is required by the rules of such Exchange, all notices to the Holders shall be published in English in accordance with Section 10.1(c). 

(c) The Company agrees to promptly notify the Trustee whenever the Notes become listed on any other stock exchange and of any delisting
thereof. 
 Section 3.10 Payment of Additional Amounts. 

(a) All payments by the Company in respect of the Notes will be made free and clear of and without any withholding or deduction for or on
account of any present or future Taxes, unless the withholding or deduction of such Taxes is required by law or the official interpretation thereof, or by the administration thereof. If the Company shall be required by any law of any Taxing
Jurisdiction to withhold or deduct any Taxes from or in respect of any sum payable under the Notes, the Company will (a) pay such additional amounts (“Additional Amounts”) as may be necessary in order that the net amounts
receivable by Holders of any Notes after such withholding or deduction equals the respective amounts that would have been receivable by such Holders in the absence of such withholding or deduction, (b) make such withholding or deduction, and
(c) pay the full amount withheld or deducted to the relevant tax or other authority in accordance with applicable law, except that no such Additional Amounts will be payable in respect of any Note: 

(i) to the extent that such Taxes are imposed or levied by reason of such Holder (or the beneficial owner) having some present
or former connection with the Taxing Jurisdiction other than the mere holding (or beneficial ownership) of such Note or receiving principal or interest payments on the Note (including but not limited to citizenship, nationality, residence, domicile,
or existence of a business, permanent establishment, a dependent agent, a place of business or a place of management present or deemed present in the Taxing Jurisdiction); 

(ii) to the extent that any Tax is imposed other than by deduction or withholding from payments of principal of or premium, if
any, or interest with respect to the Notes; 

  
 30 

 (iii) in the event that the Holder (or beneficial owner) fails to comply
with any certification, identification or other reporting requirement concerning nationality, residence, identity or connection with the Taxing Jurisdiction if (A) compliance is required by applicable law, regulation, administrative practice or
treaty as a precondition to exemption from all or part of the Taxes, (B) the Holder (or beneficial owner) is able to comply with these requirements without undue hardship and (C) the Company has given the Holders (or beneficial owners) at
least thirty (30) days prior notice that they will be required to comply with such requirement; 
 (iv) in the event
that the Holder fails to surrender (where surrender is required) the Note for payment within thirty (30) days after the Company has made available a payment of principal or interest; provided that the Company will pay Additional Amounts
to which a Holder would have been entitled had the Note been surrendered on the last day of such thirty (30) day period; 

(v) to the extent that such Taxes are imposed by reason of an estate, inheritance, gift, personal property, value added, use or
sales tax or any similar taxes, assessments or other governmental charges; 
 (vi) any Taxes or equivalent thereof imposed
pursuant to Sections 1471 through 1474 of the Code as of the Issue Date, any current or future regulations promulgated thereunder or other official administrative interpretations thereof and any agreements entered into pursuant to current
Section 1471(b)(1) of the Code as of the Issue Date (or any amended or successor version described above), and including (for the avoidance of doubt) any intergovernmental agreements (and any law, regulation, rule or practice implementing any
such intergovernmental agreement) in respect of the foregoing; or 
 (vii) any combination of items (i) through (vi)
above. 
 (b) No Additional Amounts shall be paid to a Holder that is a fiduciary or a partnership or not the sole beneficial owner of such
payment to the extent that a beneficiary or settlor with respect to such fiduciary, a member of such partnership or such beneficial owner would not have been entitled to receive the Additional Amounts had such beneficiary, settlor, member or
beneficial owner been the Holder. 
 (c) The Company shall provide the Trustee with the official acknowledgment of the relevant Taxing
Jurisdiction (or, if such acknowledgment is not available, other reasonable documentation) evidencing any payment of any Taxes in respect of which the Company has paid any Additional Amounts. Copies of such documentation shall be made available to
the Holders of the Notes or the Paying Agents, as applicable, upon request therefor. 
 (d) The Company will also pay any present or future
stamp, court or documentary taxes or any excise or property taxes, charges or similar levies that arise in any jurisdiction from the execution, delivery, registration or the making of payments in respect of the Notes, excluding any such taxes,
charges or similar levies imposed by any jurisdiction outside of a Taxing Jurisdiction other than those resulting from, or required to be paid in connection with, the enforcement of the Notes following the occurrence of any Default or Event of
Default. 

  
 31 

 (e) All references in this Indenture to principal of and premium, if any, and interest on
the Notes shall include any Additional Amounts payable by the Company in respect of such principal, premium, if any, and interest. 

Section 3.11 Use of Proceeds. The Company will use the net proceeds of the offering of the Initial Notes as described under
“Use of Proceeds” in the Offering Memorandum. 
 ARTICLE IV 

LIMITATION ON MERGER, CONSOLIDATION AND SALE OF ASSETS 

Section 4.1 Merger, Consolidation and Sale of Assets. 

(a) The Company may not consolidate with or merge into any other Person or sell, lease, assign, transfer, convey or otherwise dispose of all or
substantially all of the properties or assets of the Company and its Subsidiaries, taken as a whole, in one or more related transactions, to any Person, unless (1) the Company receives the consent of Holders of at least majority in aggregate
principal amount of the Outstanding Notes or (2) the following conditions are satisfied: 
 (i) the Company obtains any
and all regulatory approvals in connection therewith, as applicable; 
 (ii) the Person formed by or surviving any such
consolidation or merger or the Person to which such sale, lease, assignment, transfer, conveyance or other disposition has been made (if other than the Company), shall be a Person organized and existing under the laws of (A) Panama, (B) Peru,
(C) the United States of America or any state thereof, or (D) any country member of the Organization for Economic Co-operation and Development or the G-20 and any state thereof (to the extent applicable) and (x) shall expressly assume
by a supplemental indenture to this Indenture, delivered to and in a form satisfactory to the Trustee, the due and punctual payment of the principal of, premium, if any and interest on all the Outstanding Notes and the performance of all of the
Company’s Obligations under this Indenture and the Notes and (y) shall agree to modify the provisions described under Section 3.10 and that Taxing Jurisdiction will be defined to include any jurisdiction in which
such Person is resident for tax purposes; 
 (iii) immediately after giving effect to such transaction (and treating any Debt
that becomes an obligation of the Surviving Entity (as defined below) or any Subsidiary of the Surviving Entity as a result of such transaction as having been incurred by (x) the Company, (y) the Person formed by or surviving any such
consolidation or merger (if other than the Company), or to which such sale, lease, assignment, transfer, conveyance or other disposition has been made (the Company or such Person, as the case may be, the “Surviving Entity”) or
(z) such Subsidiary at the time of such transaction), no Default under this Indenture or the Notes, and no Event of Default under this Indenture or the Notes, shall have happened and be continuing; and 

(iv) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that
such consolidation, merger, conveyance or transfer, if applicable, and such supplemental indenture (if required) comply with the foregoing provisions relating to such transaction and all conditions precedent in this Indenture relating to such
transaction and the execution of such supplemental indenture (if required) have been complied with. 

  
 32 

 (b) This Section 4.1 shall not apply to any consolidation or
merger, or any sale, assignment, transfer, conveyance, lease or other disposition of assets from a Subsidiary to the Company. 
 (c) For
purposes of this Section 4.1, the sale, lease, conveyance, assignment, transfer or other disposition of all or substantially all of the properties and assets of one or more Subsidiaries of the Company, which properties and
assets, if held by the Company instead of such Subsidiaries, would constitute all or substantially all of the properties and assets of the Company on a consolidated basis, shall be deemed to be the transfer of all or substantially all of the
properties and assets of the Company. 
 (d) The Surviving Entity will succeed to and be substituted for the Company as obligor on the Notes
and under this Indenture with the same effect as if it had been named as the obligor in this Indenture and issued the Notes. Upon the assumption of its obligations by any such Surviving Entity in such circumstances, the Company will be discharged
from all Obligations under the Notes and this Indenture. 
 (e) For purposes of this Section 4.1, the Trustee will
be entitled to rely exclusively on and will accept the Officers’ Certificate and Opinion of Counsel delivered pursuant to Section 4.1(a)(iv) as sufficient evidence of the satisfaction of the conditions precedent set forth in
this covenant, in which event it will be conclusive and binding on the Holders. 
 ARTICLE V 

REDEMPTION OF NOTES 

Section 5.1 Redemption. The Company may or shall redeem the Notes, as a whole or from time to time in part, subject to the
conditions and at the redemption prices specified in the Form of Notes in Exhibit A. 
 Section 5.2 Election to Redeem.
In the case of an optional redemption, the Company shall evidence its election to redeem any Notes pursuant to Section 5.1 by an Officers’ Certificate. 

Section 5.3 Notice of Redemption. 

(a) The Company shall give or cause the Trustee to give notice of redemption, in the manner provided for in
Section 10.1, not less than ten (10) nor more than sixty (60) days prior to the Redemption Date to each Holder of Notes to be redeemed; provided, however, that the Company shall give notice of
redemption to the Trustee no later than five (5) Business Days prior to the date such notice is to be given to the Holders of the Notes (unless the Trustee is satisfied with a shorter period). If the Company itself gives the notice, it shall
also deliver a copy to the Trustee. 
 (b) If either (i) the Company is not redeeming all Outstanding Notes, and/or (ii) the
Company elects to have the Trustee give notice of redemption, then the Company shall deliver to the Trustee, at least forty-five (45) days prior to the Redemption Date (unless the Trustee is satisfied with a shorter period), an Officers’
Certificate requesting that the Trustee request that the Depositary (in the case 

  
 33 

 
of Global Notes) select the Notes to be redeemed or the Trustee (in the case of Certificated Notes) select the method of the selection of the Notes to be redeemed in accordance with
Section 5.4 and/or give notice of redemption and setting forth the information required by Section 5.3(c) (with the exception of the identification of the particular Notes, or portions of the
particular Notes, to be redeemed in the case of a partial redemption). If the Company elects to have the Trustee give notice of redemption, the Trustee shall give the notice in the name of the Company in such form as the Company shall provide and at
the Company’s expense. 
 (c) All notices of redemption shall state: 

(i) the Redemption Date; 

(ii) the redemption price and the amount of any accrued interest payable as provided in Section 5.6;

 (iii) whether or not the Company is redeeming all Outstanding Notes; 

(iv) if the Company is not redeeming all Outstanding Notes, the aggregate principal amount of Notes that the Company is
redeeming and the aggregate principal amount of Notes that shall be Outstanding after the partial redemption, as well as the identification of the particular Notes, or portions of the particular Notes, that the Company is redeeming; 

(v) if the Company is redeeming only part of a Note, the notice that relates to that Note shall state that on and after the
Redemption Date, upon surrender of that Note, the Holder shall receive, without charge, a new Note or Notes of authorized denominations for the principal amount of the Note remaining unredeemed; 

(vi) that on the Redemption Date the redemption price and any accrued interest payable to the Redemption Date as provided in
Section 5.6 shall become due and payable in respect of each Note, or the portion of each Note, to be redeemed, and, unless the Company defaults in making the redemption payment, that interest on each Note, or the portion of
each Note, to be redeemed, shall cease to accrue on and after the Redemption Date; 
 (vii) the place or places where a
Holder must surrender the Holder’s Notes for payment of the redemption price; and 
 (viii) the CUSIP or ISIN number, if
any, listed in the notice or printed on the Notes, and that no representation is made as to the accuracy or correctness of such CUSIP or ISIN number. 

Section 5.4 Selection of Notes to Be Redeemed in Part. 

(a) If fewer than all of the Notes are being redeemed, the Notes to be redeemed shall be selected as follows: (1) if the Notes are listed
on an exchange, in compliance with the requirements of such exchange or (2) on a pro rata basis to the extent practicable, or, if the pro rata basis is not practicable for any reason, by lot or by such other method as most nearly approximates a
pro rata basis, in each case as long as the Notes are in global form, subject to the Depositary’s customary procedures (in integral multiples of U.S.$1,000; provided that the remaining principal amount of such Holder’s Note will not
be less than U.S.$200,000). 

  
 34 

 (b) For all purposes of this Indenture, unless the context otherwise requires, all
provisions relating to redemption of Notes shall relate, in the case of any Note redeemed or to be redeemed only in part, to the portion of the principal amount of that Note which has been or is to be redeemed. 

Section 5.5 Deposit of Redemption Price. Prior to 11:00 a.m. New York City time on the Business Day prior to the relevant
Redemption Date, the Company shall deposit with the Trustee or with a Paying Agent (or, if the Company is acting as Paying Agent, segregate and hold in trust as provided in Section 2.4) an amount of money in immediately
available funds sufficient to pay the redemption price of, and accrued interest on, all the Notes that the Company is redeeming on the Redemption Date. 

Section 5.6 Notes Payable on Redemption Date. If the Company, or the Trustee on behalf of the Company, gives notice of redemption
in accordance with this Article V, the Notes, or the portions of Notes, called for redemption, shall, on the Redemption Date, become due and payable at the redemption price specified in the notice (together with accrued interest, if any, to
the Redemption Date), and from and after the Redemption Date (unless the Company shall default in the payment of the redemption price and accrued interest) the Notes or the portions of Notes shall cease to bear interest. Upon surrender of any Note
for redemption in accordance with the notice, the Company shall pay the Notes at the redemption price, together with accrued interest, if any, to the Redemption Date and the Trustee shall cancel such redeemed Note. If the Company shall fail to pay
any Note called for redemption upon its surrender for redemption, the principal shall, until paid, bear interest from the Redemption Date at the rate borne by the Notes. 

Section 5.7 Unredeemed Portions of Partially Redeemed Note. Upon surrender of a Note that is to be redeemed in part, the Company
shall execute, and the Trustee upon receipt of a Company Order shall authenticate and make available for delivery to the Holder of the Note at the expense of the Company, a new Note or Notes, of any authorized denomination as requested by the
Holder, in an aggregate principal amount equal to, and in exchange for, the unredeemed portion of the principal of the Note surrendered (or make appropriate adjustments to the aggregate principal amount of any Global Note); provided that each
new Note shall be in a principal amount of U.S.$200,000 or integral multiples of U.S.$1,000 in excess thereof. 
 ARTICLE VI 

DEFAULTS AND REMEDIES 

Section 6.1 Events of Default. 

(a) Each of the following is an “Event of Default” under this Indenture (whatever the reason for such Event of Default and
whether it shall be voluntary or involuntary or be effected by operation of law or pursuant to, or as a result of any failure to obtain, any authorization, order, rule, regulation, judgment or decree of any governmental or administrative body or
court): 

  
 35 

 (i) the Company defaults on any payment of interest (including any related
Additional Amounts) on any Note when the same becomes due and payable, and such Default continues for a period of thirty (30) days; 

(ii) the Company defaults on any payment of principal (including premium, if any, and any related Additional Amounts) of any
Note when the same becomes due and payable upon its Stated Maturity, upon redemption, or otherwise; 
 (iii) the Company
fails to comply with any of its covenants or agreements in this Indenture or the Notes (other than those referred to in clauses (i) and (ii) above), and such failure continues for sixty (60) days after the notice specified below; 

(iv) the Company or any of the Company’s Subsidiaries defaults with respect to any of its Debt (whether such Debt now
exists or is created after the date of this Indenture), which default (1) is caused by failure to pay principal of or premium, if any, or interest on such Debt after giving effect to any grace period provided in such Debt on the date of such
default (“Payment Default”) or (2) results in the acceleration of such Debt prior to its Stated Maturity and, in each case, the principal amount of any such Debt, together with the principal amount of any other such Debt under
which there has been a Payment Default or the maturity of which has been so accelerated, totals U.S.$20,000,000 or more in the aggregate (or the equivalent thereof at the time of determination); 

(v) one or more final judgments or decrees for the payment of money of U.S.$20,000,000 or more in the aggregate (or the
equivalent thereof at the time of determination) are rendered against the Company or any of the Company’s Subsidiaries and are not paid (whether in full or in installments in accordance with the terms of the judgment) or otherwise discharged
and, in the case of each such judgment or decree, either (1) an enforcement proceeding has been commenced by any creditor upon such judgment or decree and is not dismissed within thirty (30) days following commencement of such enforcement
proceedings or (2) there is a period of sixty (60) days following such judgment during which such judgment or decree is not discharged, waived or the execution thereof stayed; 

(vi) any Governmental Authority condemns, nationalizes, seizes, or otherwise expropriates all or any substantial portion of the
Company’s assets or property or the Share Capital of any of the Company’s Material Subsidiaries, or assumes custody or control of such assets or property or of the business or operations or Share Capital of any such Material Subsidiaries
or takes any action that would prevent the Company or any such Material Subsidiaries or their respective officers from carrying on a substantial portion of the business or operations of the Company or any such Material Subsidiaries for a period
longer than sixty (60) days and the result of any such action materially prejudices the Company’s ability to perform its obligations under this Indenture and the Notes; 

(vii) the Company or any of the Company’s Material Subsidiaries, or any Governmental Authority, declares a general
suspension of payment or a moratorium on the payment of the Company’s indebtedness, or any indebtedness of such Material Subsidiaries; 

  
 36 

 (viii) a resolution is passed or adopted by the Board of Directors or
shareholders of the Company, or any of the Company’s Material Subsidiaries, by applicable Governmental Authority in its respective jurisdiction of incorporation, or a judgment of a court of competent jurisdiction in, its respective jurisdiction
of incorporation, is made, that the Company or any such Material Subsidiaries be wound up or dissolved (otherwise than for the purposes of, or pursuant to, or in connection with, a consolidation or merger or other transaction in accordance with
Article IV); 
 (ix) any proceeding is instituted by or against the Company, or any of the Company’s Material
Subsidiaries, seeking to adjudicate the Company or any such Material Subsidiary bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief or composition of any Debt under any Bankruptcy
Law or any other law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee or other similar official for the Company or any such Material
Subsidiaries or for any substantial part of the property of the Company or any of such Material Subsidiaries and, in the case of any of the foregoing actions, such proceeding or action is not dismissed or discharged and remains in effect for 60
days; or the Company, or any such Material Subsidiaries, takes corporate action to authorize any of the actions set forth above in this clause (ix); or 

(x) any material provision of this Indenture or the Notes ceases to be in full force and effect or binding and enforceable
against the Company, it becomes unlawful for the Company to perform any material obligation under this Indenture or the Notes, or the Company contests the enforceability of any of this Indenture or the Notes, or denies that it has liability under
this Indenture or the Notes. 
 (b) A Default under Section 6.1(a)(iii) above shall not constitute an Event of
Default until the Trustee or the Holders of at least 25% in principal amount of Outstanding Notes notify the Company of the Default the Company does not cure such Default within the time specified after receipt of such notice. 

Section 6.2 Acceleration. 

(a) If an Event of Default (other than an Event of Default specified in clauses (vii), (viii) and (ix) of
Section 6.1(a)) occurs and is continuing, the Trustee or the Holders of not less than 25% in principal amount of the Outstanding Notes may declare all unpaid principal of and premium, if any, and accrued interest on all
Notes to be due and payable immediately, by a notice in writing to the Company, with a copy to the Trustee, if the Notice is given by the Holders, stating that such notice is an “Acceleration Notice,” and upon any such declaration such
amounts shall become due and payable immediately. If an Event of Default specified in clauses (vii), (viii), and (ix) of Section 6.1(a) occurs and is continuing, then the principal of and premium, if any, and accrued
interest on all Notes shall become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder. 

(b) At any time after a declaration of acceleration with respect to the Notes as described in Section 6.2(a), the
Holders of a majority in principal amount of the Outstanding Notes may rescind and cancel such declaration and its consequences: 

  
 37 

 (i) if the rescission would not conflict with any judgment or decree; 

(ii) if all existing Events of Default have been cured or waived, except nonpayment of principal or interest that has become
due solely because of the acceleration; 
 (iii) to the extent the payment of such interest is lawful, interest on overdue
installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid; and 

(iv) if the Company has paid the Trustee its compensation and reimbursed the Trustee for its expenses, disbursements and
advances (including without limitation, reasonable and documented counsel fees and expenses) outstanding at that time. 
 (c) No such
rescission shall affect any subsequent Default or Event of Default or impair any right consequent thereto. 
 Section 6.3 Other
Remedies. 
 (a) If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy to collect the payment of
principal of and interest on the Notes or to enforce the performance of any provision of the Notes or this Indenture. 
 (b) The Trustee may
maintain a proceeding even if it does not possess any of the Notes or does not produce any of them in the proceeding. A delay or omission by the Trustee or any Holder in exercising any right or remedy accruing upon an Event of Default shall not
impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. No remedy is exclusive of any other remedy. All available remedies are cumulative to the extent permitted by law. 

Section 6.4 Waiver of Past Defaults. The Holders of a majority in principal amount of the Outstanding Notes may waive any existing
Default or Event of Default under this Indenture, and its consequences, except a Default in the payment of the principal of, premium, if any, or the interest on any Notes. 

Section 6.5 Control by Majority. Subject to the provisions of this Indenture and applicable law, the Holders of a majority in
aggregate principal amount of the Outstanding Notes shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee. 

Section 6.6 Limitation on Suits. 

(a) No Holder of any Notes shall have any right to institute any proceeding with respect hereto or for any remedy hereunder, unless: 

(i) such Holder gives to the Trustee written notice of a continuing Event of Default; 

  
 38 

 (ii) Holders of at least 25% in principal amount of the Outstanding Notes
make a written request to the Trustee to pursue the remedy; 
 (iii) such Holder or Holders have offered and provided to the
Trustee security or indemnity reasonably satisfactory to the Trustee against any cost, loss, liability or expense to be incurred in compliance with such request; 

(iv) the Trustee does not comply with the request within sixty (60) days after receipt of the request and the offer and
provision of security or indemnity; and 
 (v) during such sixty (60)-day period the Holders of a majority in principal
amount of the then Outstanding Notes do not give the Trustee a written direction which, in the opinion of the Trustee, is inconsistent with the request; 

provided that a Holder of a Note may institute suit for enforcement of payment of the principal of and premium, if any, or interest on such Note on or
after the respective due dates expressed in such Note. 
 (b) Notwithstanding any provision of this Indenture to the contrary, no one or more
of such Holders shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture to affect, disturb, or prejudice the rights of any other of such Holders (it being understood that the Trustee does not have
an affirmative duty to ascertain whether or not such actions or forbearances are unduly prejudicial to such Holders). 
 Section 6.7
Rights of Holders to Receive Payment. Notwithstanding any other provision hereof (including, without limitation, Section 6.6), the right of any Holder to receive payment of principal of or interest on the Notes held
by such Holder, on or after the respective due dates, Redemption Dates or repurchase date expressed herein or the Notes, or to bring suit for the enforcement of any such payment on or after such respective dates, shall not be impaired or affected
without the consent of such Holder. 
 Section 6.8 Collection Suit by Trustee. 

(a) If an Event of Default specified in Section 6.1(a)(i) and Section 6.1(a)(ii) occurs and
is continuing, the Trustee may recover judgment in its own name and as trustee of an express trust against the Company for the whole amount then due and owing (together with applicable interest on any overdue principal and, to the extent lawful,
interest on overdue interest) and the amounts provided for in Section 7.7. Subject to all conditions and provisions hereof and applicable law, the Holders of a majority in aggregate principal amount of the then Outstanding
Notes have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee or exercising any trust or power conferred on the Trustee. 

Section 6.9 Trustee May File Proofs of Claim, etc. 

(a) In case of any judicial proceeding relative to the Company (or any other obligor upon the Notes), its property or its creditors, the
Trustee shall be entitled and empowered, by intervention in such proceeding or otherwise, to take any and all actions authorized under applicable law in order to have claims of the Holders and the Trustee allowed in any such proceeding. In
particular, the Trustee may (irrespective of whether the principal of the Notes is then due): 

  
 39 

 (i) file such proofs of claim and other papers or documents as may be
necessary or advisable in order to have the claims of the Trustee and the Holders under this Indenture and the Notes allowed in any bankruptcy, insolvency, liquidation or other judicial proceedings relative to the Company or any Subsidiary of the
Company or their respective creditors or properties; and 
 (ii) collect and receive any moneys or other property payable or
deliverable in respect of any such claims and distribute them in accordance with this Indenture. 
 Any receiver, trustee, liquidator, sequestrator (or
other similar official) in any such proceeding is hereby authorized by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee
any amount due to it for the reasonable compensation, expenses, taxes, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due to the Trustee pursuant to Section 7.7. 

(b) Nothing in this Indenture shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder
any plan of reorganization, arrangement, adjustment or composition affecting the Notes or the rights of any Holder thereof, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 

Section 6.10 Priorities. If the Trustee collects any money or property pursuant to this Article VI, it shall pay out the
money or property in the following order: 
 FIRST: to the Trustee and the Agents for amounts due under
Section 7.7; 
 SECOND: to Holders for amounts due and unpaid on the Notes for principal and interest, ratably,
without preference or priority of any kind, according to the amounts due and payable on the Notes for principal and interest, respectively; and 

THIRD: to the Company. 
 The Trustee may, upon
notice to the Company, fix a record date and payment date for any payment to Holders pursuant to this Section 6.10. 

Section 6.11 Undertaking for Costs. All parties agree, and each Holder by its acceptance of its Notes shall be deemed to have
agreed, that in any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action taken or omitted by it as Trustee, a court in its discretion may require the filing by any party litigant in
the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in the suit, having due regard to the merits and good faith
of the claims or defenses made by the party litigant. This Section 6.11 does not apply to a suit by the Trustee, a suit by the Company, a suit by a Holder pursuant to Section 6.7 or a suit by
Holders of more than 10% in principal amount of Outstanding Notes. 

  
 40 

 ARTICLE VII 

TRUSTEE 

Section 7.1 Duties of Trustee. 

(a) If an Event of Default has occurred and is continuing, the Trustee shall exercise the rights and powers vested in it by this Indenture and
use the same degree of care and skill in its exercise thereof as a prudent person would exercise or use under the circumstances in the conduct of such person’s own affairs. 

(b) Except during the continuance of an Event of Default: 

(i) the Trustee undertakes to perform such duties and only such duties as are specifically set forth in this Indenture and no
implied covenants or obligations shall be read into this Indenture against the Trustee; and 
 (ii) in the absence of bad
faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this
Indenture. However, in the case of any such certificates or opinions which by any provisions hereof are specifically required to be furnished to the Trustee, the Trustee shall examine such certificates and opinions to determine whether or not they
conform to the requirements of this Indenture (it being understood that the Trustee need not confirm or investigate the accuracy of mathematical calculations or other facts stated therein). 

(c) The Trustee may not be relieved from liability for its own grossly negligent action, its own grossly negligent failure to act or its own
willful misconduct, except that: 
 (i) this Section 7.1(c) does not limit the effect of
Section 7.1(b); 
 (ii) the Trustee shall not be liable for any error of judgment made in good
faith by a Trust Officer unless it is proved that the Trustee was grossly negligent in ascertaining the pertinent facts; and 

(iii) the Trustee shall not be liable with respect to any action it takes or omits to take in good faith in accordance with a
direction received by it pursuant to Section 6.2, Section 6.5 or Section 6.8 or any other provision of this Indenture. 

(d) The Trustee shall not be liable for interest on or the investment of any money received or held by it except as the Trustee may agree in
writing with the Company. 
 (e) Money held in trust by the Trustee need not be segregated from other funds except to the extent required by
law. 
 (f) No provision hereof shall require the Trustee to expend or risk its own funds or otherwise incur any financial liability in the
performance of any of its duties hereunder or in the exercise of any of its rights or powers, if it shall have reasonable grounds to believe that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured
to it. 

  
 41 

 (g) Every provision of this Indenture relating to the conduct or affecting the liability of
or affording protection to the Trustee shall be subject to the provisions of this Article VII. 
 (h) Unless otherwise specifically
provided in this Indenture, any demand, request, direction or notice from the Company shall be sufficient if signed by an Officer of the Company. 

(i) Notwithstanding any provision herein to the contrary, the Trustee shall be under no obligation to exercise any of the rights or powers
vested in it by this Indenture at the request, order or direction of any of the Holders unless such Holders shall have offered to the Trustee indemnity and/or security reasonably satisfactory to the Trustee against the costs, expenses (including
reasonable attorneys’ fees and expenses) and liabilities that might be incurred by it in compliance with such request or direction. 

Section 7.2 Rights of Trustee. 

(a) The Trustee may conclusively rely and shall be fully protected in acting or refraining from acting upon any document, instrument, opinion,
direction, order, notice, certificate or request reasonably believed by it to be genuine and to have been signed or presented by the proper Person. The Trustee need not investigate any fact or matter stated in such document, instrument, opinion,
direction, order, notice, certificate or request. 
 (b) Before the Trustee acts or refrains from acting at the direction of the Company, it
may require an Officers’ Certificate, advice of counsel and/or an Opinion of Counsel, and such Officers’ Certificate, advice and/or Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken
or omitted to be taken by it hereunder. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on an Officers’ Certificate, advice of counsel and/or Opinion of Counsel. 

(c) The Trustee may act through its attorneys and agents and shall not be responsible for the misconduct or negligence of any agent appointed
with due care. 
 (d) The Trustee shall not be liable for any action it takes or omits to take in good faith which it believes to be
authorized or within its rights or powers. 
 (e) The Trustee may consult with counsel of its selection, and the advice or Opinion of Counsel
with respect to legal matters relating to this Indenture and the Notes shall be full and complete authorization and protection from liability in respect to any action taken, omitted or suffered by it hereunder in good faith and in accordance with
the advice or opinion of such counsel. 
 (f) The Trustee shall not be bound to make any investigation into the facts or matters stated in
any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other paper or document, but the Trustee, in its discretion, may make such
further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled, upon notice to the Company, to examine the books, records and
premises of the Company, personally or by agent or attorney at the sole cost of the Company and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation. 

  
 42 

 (g) In the absence of receipt by a Trust Officer of the Trustee of an Officers’
Certificate regarding any such notice of Default or Event of Default from the Company or written notice from any Holder of such Default or Event of Default, the Trustee shall not be deemed to have notice or be charged with knowledge of any Default
or Event of Default. For purposes of determining the Trustee’s responsibility and liability hereunder, whenever reference is made in this Indenture to a Default or Event of Default, such reference shall be construed to refer only to such
Default or Event of Default for which the Trustee is deemed to have notice pursuant to this Section 7.2(g). 
 (h)
The rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, each Agent
and to each agent, custodian and other Person employed to act hereunder. 
 (i) In no event shall the Trustee be responsible or liable for
special, indirect, punitive or consequential loss or damage of any kind whatsoever (including, without limitation, loss of profit) irrespective of whether the Trustee has been advised of the likelihood of such loss or damage and regardless of the
form of action. 
 (j) The Trustee may request that the Company delivers an Officers’ Certificate setting forth the names of individuals
and/or titles of Officers authorized at such time to take specified actions pursuant to this Indenture, which Officers’ Certificate may be signed by any Person authorized to sign an Officers’ Certificate, including any Person specified as
so authorized in any such certificate previously delivered and not superseded. 
 (k) The permissive rights of the Trustee enumerated herein
shall not be construed as duties. 
 (l) The Trustee shall not be responsible or liable for any failure or delay in the performance of its
obligations under this Indenture arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including, without limitation, acts of God; earthquakes; fires; floods; wars; terrorism; civil or military
disturbances; sabotage; epidemics; riots; interruptions, loss or malfunctions of utilities, computer (hardware or software) or communications service, accidents; labor disputes; acts of civil or military authority or governmental actions (it being
understood that the Trustee shall use its best efforts to resume performance as soon as practicable under the circumstances). 
 (m) The
Trustee may execute any of the trusts or powers hereunder or perform any duties hereunder either directly or by or through agents or attorneys. 

(n) To the extent permitted by applicable law, the Trustee shall not be required to give any bond or surety in respect of the execution of this
Indenture or otherwise. 

  
 43 

 (o) To help fight the funding of terrorism and money laundering activities, the Trustee may
obtain, verify, and record information that identifies individuals or entities that establish a relationship or open an account with the Trustee. The Trustee may ask for the name, address, tax identification number and other information that shall
allow the Trustee to identify the individual or entity who is establishing the relationship or opening the account. The Trustee may also ask for formation documents such as articles of incorporation, an offering memorandum, or other identifying
documents to be provided. The Company shall provide any information requested by the Trustee pursuant to this Section 7.2(o). 

(p) In respect of this Indenture, the Trustee shall not have any duty or obligation to verify or confirm that the Person sending instructions,
directions, reports, notices or other communications or information by electronic transmission is, in fact, a Person authorized to give such instructions, directions, reports, notices or other communications or information on behalf of the party
purporting to send such electronic transmission; and the Trustee shall not have any liability for any losses, liabilities, costs or expenses incurred or sustained by any party as a result of such reliance upon or compliance with such instructions,
directions, reports, notices or other communications or information. Each other party agrees to assume all risks arising out of the use of electronic methods to submit instructions, directions, reports, notices or other communications or information
to the Trustee, including without limitation the risk of the Trustee acting on unauthorized instructions, notices, reports or other communications or information, and the risk of interception and misuse by third parties. 

(q) To secure the obligations owed to the Trustee hereunder, the Trustee shall have a lien prior on all money or property held or collected by
it in its capacity as Trustee, and may withhold or set-off any amounts due and owing to it under this Indenture from any money or property held or collected by it in its capacity as Trustee. 

(r) The Trustee shall have no obligation or duty to ensure compliance with the securities laws of any country or state except to request such
certificates or other documents required to be obtained by the Trustee or any Agent hereunder in connection with any exchange or transfer pursuant to the terms hereof. 

(s) The Trustee shall not have any liability or responsibility with respect to, or obligation or duty to monitor, determine or inquire
(i) as to the Company’s or any Subsidiary’s compliance with any covenant under this Indenture (other than payment of the Notes), or (ii) as to whether or not any of Fitch, Moody’s or S&P has adjusted the rating of the
Notes. 
 Section 7.3 Individual Rights of Trustee. The Trustee in its individual or any other capacity may become the owner or
pledgee of Notes and may otherwise deal with the Company or any of its Affiliates with the same rights it would have if it were not Trustee. Any Agent may do the same with like rights. However, the Trustee must comply with
Section 7.9. 
 Section 7.4 Trustee’s Disclaimer. The Trustee shall not be responsible for and
makes no representation as to the validity or adequacy of this Indenture or the Notes, it shall not be accountable for the Company’s use of the proceeds from the Notes, and it shall not be responsible for any statement of the Company in this
Indenture, the Offering Memorandum or in any other document issued in connection with the sale of the Notes or in the Notes other than the Trustee’s certificate of authentication, except that the Trustee represents that it is duly authorized to
execute and deliver this Indenture, authenticate the Notes and perform its obligations hereunder. 

  
 44 

 Section 7.5 Notice of Defaults. If a Default or Event of Default shall have
occurred and is continuing of which the Trustee has notice in accordance with Section 7.2(g), the Trustee shall give to each Holder, with a copy to the Company, notice of the Default or Event of Default within forty-five
(45) days after the Trustee received written notice thereof. Except in the case of a Default or Event of Default in the payment of principal of, premium, if any, or interest on any Note, the Trustee may withhold the notice if and so long as it
determines in good faith that withholding the notice is in the interests of the Holders. 
 Section 7.6 [Intentionally omitted].

 Section 7.7 Compensation and Indemnity. 

(a) The Company shall pay to the Trustee from time to time such compensation for its acceptance of this Indenture and services hereunder as the
Company and the Trustee shall from time to time agree in writing. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The Company shall reimburse the Trustee upon request for all
reasonable out-of-pocket expenses incurred or made by it in connection with the performance of its duties and/or the exercise of its rights under this Indenture, except for any such expense as may arise from the Trustee’s gross negligence,
willful misconduct or bad faith. Such expenses shall include the reasonable fees and expenses of the Trustee’s agents and counsel. 

(b) The Company shall indemnify the Trustee and its officers, directors, employees and agents and hold each of them harmless for, from and
against any and all loss, damage, claim, liability or expense (including reasonable attorneys’ fees and expenses) incurred by it without gross negligence, willful misconduct or bad faith on its part in connection with the acceptance or
administration of this trust, the performance of its duties hereunder and/or the exercise of its rights hereunder including the costs and expenses of defending itself (including reasonable attorney’s fees and costs) against any claim or
liability related to the exercise or performance of any of its powers, rights or duties hereunder and under any other agreement or instrument related thereto. The Trustee shall notify the Company promptly of any claim for which it may seek
indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company need not pay for any settlement made without its written consent. 

(c) To secure the Company’s payment obligations of the Company in this Section 7.7, the Trustee shall have a lien prior
to the Notes on all money or property held or collected by the Trustee other than money or property held in trust to pay principal of and interest on particular Notes. The Trustee’s right to receive payment of any amounts due under this
Section 7.7 shall not be subordinate to any other liability or Debt of the Company. 
 (d) The payment obligations
of the Company pursuant to this Section 7.7 shall survive the discharge of this Indenture, payment of the Notes and the resignation or removal of the Trustee. When the Trustee incurs expenses after the occurrence of an
Event of Default of the type described in clauses (vii), (viii) and (ix) of Section 6.1(a), the expenses are intended to constitute expenses of administration under any Bankruptcy Law; provided, however,
that this shall not affect the Trustee’s rights as set forth in this Section 7.7 or Section 6.10. 

  
 45 

 Section 7.8 Replacement of Trustee. 

(a) The Trustee may resign at any time by so notifying the Company. In addition, the Holders of a majority in aggregate principal amount of the
Outstanding Notes may remove the Trustee by so notifying the Trustee and may appoint a successor Trustee. Moreover, if the Trustee is no longer eligible pursuant to Section 7.10 or does not have a corporate trust office in
the City of New York, New York, any Holder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. The Company shall remove the Trustee if: 

(i) the Trustee fails to comply with Section 7.10; 

(ii) the Trustee is adjudged bankrupt or insolvent; 

(iii) a receiver or other public officer takes charge of the Trustee or its property; or 

(iv) the Trustee otherwise becomes incapable of acting. 

(b) If the Trustee resigns or is removed by the Company or by the Holders of a majority in principal amount of the Outstanding Notes and such
Holders do not reasonably promptly appoint a successor Trustee, or if a vacancy exists in the office of the Trustee for any reason (the Trustee in such event being referred to herein as the retiring Trustee), the Company shall promptly appoint a
successor Trustee. 
 (c) A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the
Company. Thereupon the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture. The successor Trustee shall give a notice of
its succession to Holders as described in Section 10.1. The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee, subject to the lien provided for in
Section 7.7. 
 (d) If a successor Trustee does not take office within thirty (30) days after the retiring
Trustee resigns or is removed, the retiring Trustee or the Holders of 10% in principal amount of the Outstanding Notes may itself or themselves appoint a successor Trustee or may petition, at the Company’s expense, any court of competent
jurisdiction for the appointment of a successor Trustee. 
 (e) Notwithstanding the replacement of the Trustee pursuant to this
Section 7.8, the Company’s obligations under Section 7.7 shall continue for the benefit of the retiring Trustee. 

Section 7.9 Successor Trustee by Merger. 

(a) If the Trustee consolidates with, merges or converts into, or transfers all or substantially all its corporate trust business (including in
connection with this Indenture) or assets to, another corporation or national banking association, the resulting, surviving or transferee corporation without any further act shall be the successor Trustee; provided that such Persons shall be
otherwise qualified and eligible under this Article VII. 

  
 46 

 (b) In case at the time such successor or successors to the Trustee by merger, conversion or
consolidation shall succeed to the trusts created by this Indenture, any of the Notes shall have been authenticated but not delivered, any such successor to the Trustee may adopt the certificate of authentication of any predecessor trustee, and
deliver such Notes so authenticated; and in case at that time any of the Notes shall not have been authenticated, any successor to the Trustee by merger, conversion or consolidation may authenticate such Notes either in the name of any predecessor
hereunder or in the name of the successor to the Trustee; and in all such cases such certificates shall have the full force which it is anywhere in the Notes or in this Indenture provided that the certificate of the Trustee shall have. 

Section 7.10 Eligibility. The Trustee shall have a combined capital and surplus of at least U.S.$50,000,000 as set forth in its
most recent published annual report of condition. 
 ARTICLE VIII 

DEFEASANCE; DISCHARGE OF INDENTURE 

Section 8.1 Legal Defeasance and Covenant Defeasance. 

(a) The Company may, at its option, at any time, upon compliance with the conditions set forth in Section 8.2, elect
to have either Section 8.1(b) or Section 8.1(c) applied to its obligations with respect to all Outstanding Notes. 

(b) Upon the Company’s exercise under Section 8.1(a) of the option under this
Section 8.1(b), the Company shall, subject to the satisfaction of the conditions set forth in Section 8.2, be deemed to have paid and discharged the entire Debt represented by the Outstanding Notes
on the ninety first (91st) day after the deposit specified in Section 8.2(a) (hereinafter, “Legal Defeasance”). For this purpose, Legal Defeasance means
that the Company shall be deemed to have paid and discharged the entire Debt represented by the Outstanding Notes, which shall thereafter be deemed to be Outstanding only for the purposes of the sections of this Indenture referred to in clause
(i) or (ii) of this Section 8.1(b), and the Company shall have been deemed to have satisfied all its other obligations under such Notes and hereunder (and the Trustee, on demand of and at the expense of the
Company, shall execute instruments acknowledging the same), except for the following provisions, which shall survive until otherwise terminated or discharged hereunder: 

(i) the rights of Holders to receive solely from the trust described in Section 8.2(a) below, as more
fully set forth in such section, payments in respect of the principal of, premium, if any, and interest on the Notes when such payments are due, 

(ii) the Company’s obligations with respect to such Notes concerning issuing temporary Notes, registration of transfer and
exchange Notes, mutilated, destroyed, lost or stolen Notes and the maintenance of an office or agency for payments, 
 (iii)
the rights, powers, trusts, duties, immunities and indemnities of the Trustee as described in Article VII and hereunder and the obligations of the Company in connection therewith, and 

(iv) this Section 8.1. 

  
 47 

 Subject to compliance with this Article VIII, the Company may exercise its option under this
Section 8.1(b) notwithstanding the prior exercise of its option under Section 8.1(c). 

(c) Upon the Company’s exercise under Section 8.1(a) of the option under this
Section 8.1(c), the Company shall be, subject to the satisfaction of the applicable conditions set forth in Section 8.2, released and discharged from their obligations under
Section 3.6, Section 3.7 and Section 3.8 and thereafter any failure to comply with such obligations will not constitute a Default or Event of Default (“Covenant
Defeasance”), and the Notes shall thereafter be deemed not Outstanding for the purposes of any direction, waiver, consent or declaration or act of Holders (and the consequences of any thereof) in connection with such covenants, but shall
continue to be Outstanding for all other purposes hereunder (it being understood that such Notes shall not be deemed Outstanding for accounting purposes). For this purpose, such Covenant Defeasance means that, with respect to the Outstanding Notes,
the Company may omit to comply with and shall have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by
reason of any reference in any such covenant to any other provision herein or in any other document and such omission to comply will not constitute a Default or an Event or Default under Section 6.1(a)(iii), (iv) and
(v) (but only to the extent applicable to any Subsidiary), but, except as specified above, the remainder hereof and such Notes shall be unaffected thereby. 

Section 8.2 Conditions to Defeasance. The Company may exercise its Legal Defeasance option or its Covenant Defeasance option only
if: 
 (a) the Company has irrevocably deposited with the Trustee, in trust, for the benefit of the Holders (i) cash in U.S. Dollars,
(ii) U.S. Government Obligations, or (iii) a combination thereof, in such amounts as shall be sufficient without reinvestment (in the written opinion of a nationally recognized investment bank, appraisal firm or firm of independent public
accountants delivered to the Trustee; provided, however, that such written opinion will not be required if the Company has irrevocably deposited with the Trustee, in trust, for the benefit of the Holders, cash in U.S. dollars in an
amount sufficient without reinvestment), to pay the principal of, premium, if any, and interest (including Additional Amounts) on the Notes on the stated date for payment thereof or on the applicable Redemption Date, as the case may be; 

(b) in the case of Legal Defeasance, the Company has delivered to the Trustee an Opinion of Counsel from U.S. counsel reasonably acceptable to
the Trustee (subject to customary exceptions and exclusions) independent of the Company to the effect that: 
 (i) the
Company has received from, or there has been published by, the Internal Revenue Service a ruling; or 
 (ii) since the Issue
Date, there has been a change in the applicable U.S. federal income tax law; 
 in either case to the effect that, and based thereon such Opinion of Counsel
shall state that, the Holders shall not recognize income, gain or loss for U.S. federal income tax purposes as a result of such Legal Defeasance and shall be subject to U.S. federal income tax on the same amounts, in the same manner and at the same
times as would have been the case if such Legal Defeasance had not occurred; 

  
 48 

 (c) in the case of Covenant Defeasance, the Company has delivered to the Trustee an Opinion
of Counsel from U.S. counsel reasonably acceptable to the Trustee (subject to customary exceptions and exclusions) and independent of the Company to the effect that the Holders shall not recognize income, gain or loss for U.S. federal income tax
purposes as a result of such Covenant Defeasance and shall be subject to U.S. federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 

(d) no Default or Event of Default has occurred and is continuing on the date of the deposit pursuant to
Section 8.2(a); 
 (e) the Company has delivered to the Trustee an Officers’ Certificate stating that such
Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a default under this Indenture or any other material agreement or instrument to which the Company or any of its Subsidiaries is a party or by which
the Company or any of its Subsidiaries is bound; 
 (f) the Company has delivered to the Trustee an Officers’ Certificate stating that
the deposit was not made by the Company with the intent of preferring the Holders over any other creditors of the Company or any Subsidiary of the Company or with the intent of defeating, hindering, delaying or defrauding any other creditors of the
Company or others; 
 (g) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel from U.S. counsel
reasonably acceptable to the Trustee (subject to customary exceptions and exclusions) and independent of the Company, each stating that all conditions precedent provided for or relating to the Legal Defeasance or the Covenant Defeasance have been
complied with; and 
 (h) the Company has delivered to the Trustee an Opinion of Counsel from U.S. counsel reasonably acceptable to the
Trustee (subject to customary qualifications and exclusions) to the effect that the trust resulting from the deposit does not constitute, or is not qualified as, a regulated investment company under the Investment Company Act of 1940. 

Section 8.3 Application of Trust Money. The Trustee shall hold in trust U.S. Dollars and/or U.S. Government Obligations deposited
with it pursuant to this Article VIII. It shall apply the deposited money and the U.S. Dollars from U.S. Government Obligations, together with earnings thereon, through the Paying Agent and in accordance with this Indenture to the payment of
principal of and interest on the Notes. Anything in this Article VIII to the contrary notwithstanding, the Trustee shall deliver or pay to the Company from time to time upon the Company’s request any U.S. Dollars or U.S. Government
Obligations held by it as provided in this Section 8.3 which, in the opinion of a nationally recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee, are in
excess of the amount thereof that would then be required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance. 

Section 8.4 Repayment to Company. 

(a) The Trustee and the Paying Agent shall promptly turn over to the Company upon request any excess money or securities held by them upon
payment of all the Obligations under this Indenture and the Notes. 

  
 49 

 (b) Subject to any applicable abandoned property law, the Trustee and the Paying Agent shall
pay to the Company upon request any money held by them for the payment of principal of or interest on the Notes that remains unclaimed for two years, and, thereafter, Holders entitled to the money must look to the Company for payment as general
creditors. 
 Section 8.5 Indemnity for U.S. Government Obligations. The Company shall pay and shall indemnify the Trustee and
each Agent against any tax, fee or other charge imposed on or assessed against U.S. Government Obligations or the principal and interest received on such U.S. Government Obligations deposited with the Trustee pursuant to this Article VIII.

 Section 8.6 Reinstatement. If the Trustee or Paying Agent is unable to apply any U.S. Dollars and/or U.S. Government
Obligations in accordance with this Article VIII by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining or otherwise prohibiting such application, the obligations
of the Company under this Indenture and the Notes shall be revived and reinstated as though no deposit had occurred pursuant to this Article VIII until such time as the Trustee or Paying Agent is permitted to apply all such U.S. Dollars
and/or U.S. Government Obligations in accordance with this Article VIII; provided, however, that, if the Company has made any payment of principal of or interest on any Notes because of the reinstatement of its obligations, the
Company shall be subrogated to the rights of the Holders of such Notes to receive such payment from the U.S. Dollars and/or U.S. Government Obligations held by the Trustee or Paying Agent. 

Section 8.7 Satisfaction and Discharge. This Indenture shall be discharged and shall cease to be of further effect (except as to
surviving rights or registration of transfer or exchange of the Notes and the rights, powers, trusts, duties, immunities and indemnities of the Trustee and the obligations of the Company in connection therewith, as expressly provided for herein) as
to all Outstanding Notes, and the Trustee, on written demand of and at the expense of the Company, shall execute instruments acknowledging satisfaction and discharge of this Indenture, when: 

(a) either: 
 (i)
all the Notes theretofore authenticated and delivered (except lost, stolen or destroyed Notes which have been replaced or paid and Notes for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company
and thereafter repaid to the Company or discharged from such trust) have been delivered to the Trustee for cancellation; or 

(ii) all Notes not theretofore delivered to the Trustee for cancellation have become due and payable or will become due and
payable or are to be called for redemption within one year, and the Company has irrevocably deposited or caused to be deposited with the Trustee (A) cash in U.S. Dollars or (B) U.S. Government Obligations or (C) a combination thereof
in such amounts as shall be sufficient, without reinvestment (in the written opinion of a nationally recognized investment bank, appraisal firm or firm of independent accountants delivered to the Trustee; provided, however, that such
written opinion will not be required if the Company has irrevocably deposited or caused to be deposited with the Trustee cash in U.S. dollars in an amount sufficient without reinvestment) to pay and discharge the entire Debt on the Notes not
theretofore delivered to the Trustee for cancellation, for principal of, premium, if any, and interest on the Notes to the date of deposit (in the case of Notes that have become due and payable) or to the Stated Maturity or Redemption Date, as the
case may be, together with irrevocable instructions from the Company directing the Trustee to apply such funds to the payment; 

  
 50 

 (b) the Company has paid all other sums payable by it under this Indenture and the Notes;
and 
 (c) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel stating that all conditions
precedent under this Indenture relating to the satisfaction and discharge of this Indenture have been complied with. 
 ARTICLE IX

 AMENDMENTS 

Section 9.1 Without Consent of Holders. 

The Company and the Trustee may amend, modify or supplement this Indenture and the Notes without notice to or consent of any Holder: 

(i) to cure any ambiguity, defect or inconsistency (including, without limitation, any inconsistency between the text of this
Indenture or the Notes and the description of this Indenture and the Notes contained in the “Description of the Notes” section of the Offering Memorandum); 

(ii) to comply with Article IV; 

(iii) to add guarantees or collateral with respect to the Notes; 

(iv) to add to the covenants of the Company for the benefit of Holders of the Notes; 

(v) to surrender any right herein conferred upon the Company; 

(vi) to evidence and provide for the acceptance of an appointment by a successor Trustee; 

(vii) to provide for the issuance of Additional Notes; or 

(viii) to make any other change that does not materially and adversely affect the rights of any Holder; 

provided that, in each case above, the Company has delivered to the Trustee an Opinion of Counsel and an Officers’ Certificate, each stating that
such amendment or supplement complies with the provisions of this Section 9.1. 

  
 51 

 Upon the written request of the Company, accompanied by a copy of a Board Resolution
authorizing the execution of any supplemental indenture, and upon receipt by the Trustee of the documents described in Section 9.6, the Trustee shall join with the Company in the execution of any supplemental indenture
authorized or permitted by the terms of this Indenture and to make any further appropriate agreements and stipulations which may be therein contained, but the Trustee shall not be obligated to enter into any such supplemental indenture which affects
its own rights, duties or immunities under this Indenture or otherwise. 
 After an amendment under this
Section 9.1 becomes effective, the Company shall give Holders a notice briefly describing such amendment. The failure to give such notice to all Holders, or any defect therein, shall not impair or affect the validity of an
amendment under this Section 9.1. 
 Section 9.2 With Consent of Holders. Modifications to, amendments
of, and supplements to, this Indenture or the Notes not set forth under Section 9.1 may be made with the consent of the Holders of a majority in principal amount of the Outstanding Notes, except that, without the consent of
each Holder affected thereby, no amendment may: 
 (i) reduce the rate of or extend the time for payment of interest on any
Note (for the avoidance of doubt, changing the period provided for any notice under this Indenture and the Notes is not limited by this clause); 

(ii) reduce the principal of or change the Stated Maturity of any Note; 

(iii) reduce the amount payable upon the redemption of any Note or change the time at which any Note may be redeemed (for the
avoidance of doubt, changing the period provided for any notice under this Indenture and the Notes is not limited by this clause (iii)); 

(iv) change the currency for payment of principal of or premium, if any, or interest on any Note; 

(v) impair the right to institute suit for the enforcement of any payment on or with respect to any Note; 

(vi) waive a Default or Event of Default in the payment of principal of and premium, if any, and interest on the Notes; 

(vii) amend, change or modify in any material respect the obligation of the Company to make and consummate a Change of Control
Offer in respect of a Change of Control Event that has occurred; 
 (viii) reduce the principal amount of Outstanding Notes
whose Holders must consent to any amendment, supplement or waiver; or 
 (ix) make any change in this first paragraph of this
Section 9.2. 

  
 52 

 Upon the written request of the Company, accompanied by a copy of a Board Resolution
authorizing the execution of any such supplemental indenture, and upon the filing with the Trustee of evidence of the consent of the Holders as aforesaid, and upon receipt by the Trustee of the documents described in
Section 9.6, the Trustee shall join with the Company in the execution of such supplemental indenture but the Trustee shall not be obligated to enter into any such supplemental indenture which affects its own rights, duties
or immunities under this Indenture or otherwise. 
 The Company shall give the Holders of the Notes prior notice as described under
Section 10.1 of any proposed amendment to this Indenture or the Notes described in this Section 9.2. 

It shall not be necessary for the consent of the Holders under this Section 9.2 to approve the particular form of
any proposed amendment, but it shall be sufficient if such consent approves the substance thereof. 
 After an amendment under this
Section 9.2 becomes effective, the Company shall give Holders a notice of effectiveness, briefly describing such amendment. The failure to give such notice to all Holders, or any defect therein, shall not impair or affect
the validity of an amendment under this Section 9.2. 
 Section 9.3 Effectiveness of Amendments,
Supplements and Waivers. An amendment, supplement or waiver shall become effective upon the (i) receipt by the Company or the Trustee of consents by the Holders of the requisite principal amount of Outstanding Notes, (ii) satisfaction
of conditions to effectiveness as set forth in this Indenture and any supplemental indenture hereto containing such amendment, supplement or waiver, as the case may be and (iii) execution of such amendment, supplement or waiver by the Company
and the Trustee. 
 Section 9.4 Revocation and Effect of Consents and Waivers. 

(a) A consent to an amendment, supplement or waiver by a Holder of a Note shall bind the Holder and every subsequent Holder of that Note or
portion of the Note that evidences the same debt as the consenting Holder’s Note, even if notation of the consent or waiver is not made on the Note. After an amendment, supplement or waiver becomes effective, it shall bind every Holder, except
as otherwise provided in this Article IX. 
 (b) The Company may, but shall not be obligated to, fix a record date for the purpose of
determining the Holders entitled to give their consent or take any other action described above or required or permitted to be taken pursuant to this Indenture. If a record date is fixed, then notwithstanding
Section 9.3(a), those Persons who were Holders at such record date (or their duly designated proxies), and only those Persons, shall be entitled to give such consent or to revoke any consent previously given or to take any
such action, whether or not such Persons continue to be Holders after such record date. No such consent shall be valid or effective for more than ninety (90) days after such record date. 

Section 9.5 Notation on or Exchange of Notes. If an amendment or supplement changes the terms of a Note, the Company may place an
appropriate notation on each Outstanding Note surrendered to it for such purpose regarding the changed terms and return it to the Holder. Alternatively, if the Company so determines, the Company in exchange for the Note shall execute and upon
Company Order the Trustee shall authenticate a new Note that reflects the changed terms. Failure to make the appropriate notation or to issue a new Note shall not affect the validity of such amendment or supplement. 

  
 53 

 Section 9.6 Trustee to Sign Amendments and Supplements. The Trustee shall sign
any amendment or supplement authorized pursuant to this Article IX if the amendment or supplement does not adversely affect the rights, duties, liabilities, protections, benefits, indemnities or immunities of the Trustee. If it does, the
Trustee may but need not sign it. In signing such amendment or supplement the Trustee shall be entitled to receive indemnity reasonably satisfactory to it and to receive, and be fully protected in conclusively relying upon, such evidence as it deems
appropriate, including, without limitation, the documents required by Section 10.2 and solely on an Opinion of Counsel and Officers’ Certificate, each stating that such amendment or supplement is authorized or
permitted hereby. 
 ARTICLE X 

MISCELLANEOUS 

Section 10.1 Notices. 

(a) Any notice, request, instruction, document, or communication shall be in English and in writing and delivered in Person, by facsimile,
electronic transmission, overnight courier or mailed by first-class mail, postage prepaid, addressed as follows: 
 if to the Company, to:

 Juan Antonio Castro 

Intercorp Financial Services Inc. 

Av. Carlos Villarán 140, Piso 17, La Victoria 

Lima 13 – Peru 
 Facsimile:
+51-1-219-2193 
 Email: jcastro@intercorp.com.pe 

with a copy to: 

Shearman & Sterling LLP 

599 Lexington Avenue 
 New York,
NY 10022 
 Attention: Antonia Stolper 

Facsimile: 646-848-5009 
 if to
the Trustee, to: 
 The Bank of New York Mellon 

101 Barclay Street, Floor 7 East 

New York, New York 10286 

Attention: Global Corporate Trust 
 The Company
or the Trustee by notice to the other may designate additional or different addresses for subsequent notices or communications. 

  
 54

 (b) Notices to Holders of Certificated Notes will be mailed to them at their registered
addresses. Any notice or communication mailed to a registered Holder shall be mailed to the Holder at the Holder’s address as it appears on the Note Register maintained by of the Registrar and shall be sufficiently given if so mailed within the
time prescribed. Notices to Holders of Global Notes will be given to the Depositary in accordance with its applicable procedures. 
 (c) From
and after the date the Notes are listed on the Luxembourg Stock Exchange for trading on the Euro MTF Market, and so long as it is required by the rules of such exchange, all notices to Holders of Notes shall be published in English: 

(i) in a leading newspaper having a general circulation in Luxembourg; or 

(ii) on the website of the Luxembourg Stock Exchange at www.bourse.lu. 

(d) Notices to the Holders shall be deemed to have been given on the date of delivery to the Depositary or mailing, as applicable, as provided
in Section 10.1(b) or of publication as provided in Section 10.1(c) or, if published on different dates, on the date of the first such publication. 

(e) Failure to give notice or communication to a Holder or any defect in it shall not affect its sufficiency with respect to other Holders. If
a notice or communication is given in the manner provided above, it is duly given, whether or not the addressee receives it. 

Section 10.2 Certificate and Opinion as to Conditions Precedent. Upon any request or application by the Company to the Trustee to
take or refrain from taking any action under this Indenture, the Company shall furnish to the Trustee: 
 (a) an Officers’ Certificate
in form and substance reasonably satisfactory to the Trustee stating that, in the opinion of the signers, all conditions precedent, if any, provided for in this Indenture relating to the proposed action have been complied with; and 

(b) an Opinion of Counsel in form and substance reasonably satisfactory to the Trustee stating that, in the opinion of such counsel, all such
conditions precedent have been complied with. 
 Section 10.3 Statements Required in Officers’ Certificate or Opinion of
Counsel. Each certificate or opinion, including each Officers’ Certificate or Opinion of Counsel with respect to compliance with a covenant or condition provided for in this Indenture, shall include: 

(a) a statement substantially to the effect that the individual making such certificate or opinion has read such covenant or condition; 

(b) a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such
certificate or opinion are based; 
 (c) a statement substantially to the effect that, in the opinion of such individual, he has made such
examination or investigation as is necessary to enable him to express an informed opinion as to whether or not such covenant or condition has been complied with; and 

  
 55 

 (d) a statement as to whether or not, in the opinion of such individual, such covenant or
condition has been complied with. 
 In giving an Opinion of Counsel, counsel may rely as to factual matters on an Officers’
Certificate or on certificates of public officials. 
 Section 10.4 Rules by Trustee and Agents. The Trustee may make reasonable
rules for action by, or a meeting of, Holders. The Agents may make reasonable rules for their functions. 
 Section 10.5 Legal
Holidays. If a payment date is not a Business Day, payment shall be made on the next succeeding day that is a Business Day, and no interest shall accrue for the intervening period. If a regular Record Date is not a Business Day, the Record Date
shall not be affected. 
 Section 10.6 Governing Law, etc. 

(a) THIS INDENTURE AND THE NOTES SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

(b) EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY
IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTIONS CONTEMPLATED HEREBY. 
 (c) Each of the
parties hereto: 
 (i) agrees that any suit, action or proceeding against it arising out of or relating to this Indenture or
the Notes, as the case may be, may be instituted in any U.S. federal or New York state court sitting in the Borough of Manhattan, The City of New York, New York, 

(ii) irrevocably submits to the jurisdiction of such courts in any suit, action or proceeding, 

(iii) waives, to the fullest extent permitted by applicable law, any objection which it may now or hereafter have to the laying
of venue of any such suit, action or proceeding, any claim that any suit, action or proceeding in such a court has been brought in an inconvenient forum and any right to the jurisdiction of any other courts to which it may be entitled on account of
place of residence or domicile, and 
 (iv) agrees that final judgment in any such suit, action or proceeding brought in such
a court shall be conclusive and binding and may be enforced in the courts of the jurisdiction of which it is subject by a suit upon judgment. 

(d) The Company has appointed Corporation Service Company, New York, New York, as its authorized agent (the “Authorized
Agent”) upon whom all writs, process and summonses may be served in any suit, action or proceeding arising out of or based upon this Indenture or the Notes which may be instituted in any New York state or U.S. federal court in The City of
New York, New York. The Company represents and warrants that the Authorized Agent has accepted such appointment and has 

  
 56 

 
agreed to act as said agent for service of process, and the Company agrees to take any and all action, including the filing of any and all documents, that may be necessary to continue each such
appointment in full force and effect as aforesaid so long as the Notes remain Outstanding. The Company agrees that the appointment of the Authorized Agent shall be irrevocable so long as any of the Notes remain Outstanding or until the irrevocable
appointment by the Company of a successor agent in The City of New York, New York as their authorized agent for such purpose and the acceptance of such appointment by such successor. Service of process upon the Authorized Agent shall be deemed, in
every respect, effective service of process upon the Company. 
 (e) To the extent that the Company has or hereafter may acquire any immunity
(sovereign or otherwise) from any legal action, suit or proceeding, from jurisdiction of any court or from set-off or any legal process (whether service or notice, attachment in aid or otherwise) with respect to itself or any of its property, the
Company hereby irrevocably waives and agrees not to plead or claim such immunity in respect of its obligations under this Indenture or the Notes. 

(f) Nothing in this Section 10.6 shall affect the right of the Trustee, any Holder of the Notes or any other Person
to serve process in any other manner permitted by law. 
 Section 10.7 No Recourse Against Others. No past, present or future
incorporator, director, officer, employee, shareholder or controlling person, as such, of the Company shall have any liability for any obligations of the Company under the Notes or this Indenture or for any claims based on, in respect of or by
reason of such obligations or their creation. By accepting a Note, each Holder waives and releases all such liability. This waiver and release are part of the consideration for issuance of the Notes. 

Section 10.8 Successors. All agreements of the Company in this Indenture and the Notes shall bind its respective successors. All
agreements of the Trustee in this Indenture shall bind its successors. 
 Section 10.9 Duplicate and Counterpart Originals. The
parties may sign any number of copies of this Indenture. One signed copy is enough to prove this Indenture. This Indenture may be executed in any number of counterparts, each of which so executed shall be an original, but all of them together
represent the same agreement. 
 Section 10.10 Severability. In case any provision in this Indenture or in the Notes shall be
invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

Section 10.11 Currency Indemnity. 

(a) U.S. Dollars are the sole currency of account and payment for all sums payable by the Company under or in connection with this Indenture
and the Notes, including damages relating thereto. Any amount received or recovered in a currency other than U.S. Dollars (whether as a result of, or of the enforcement of, a judgment or order of a court of any jurisdiction, in the winding-up or
dissolution of Company or otherwise) by the Trustee or any Holder of a Note in respect of any sum expressed to be due to it from the Company shall only constitute a discharge of Company, to the extent of the U.S. Dollar amount which the
recipient is able to purchase with the amount so received or recovered in that other currency on the date of that receipt or recovery (or, if it is not practicable to make that purchase on that date, on the first date on which it is practicable to
do so). If that U.S. Dollar amount is less than the U.S. Dollar amount expressed to be due to the recipient under this Indenture or any Note, the Company shall indemnify such recipient against any loss sustained by it as a result. In any
event, the Company shall indemnify the recipient against the cost of making any such purchase. 

  
 57 

 (b) For the purposes of Section 10.11(a), it shall be sufficient
for the Trustee or the Holder of a Note, as applicable, to certify in a satisfactory manner (indicating the sources of information used) that it would have suffered a loss had an actual purchase of U.S. Dollars been made with the amount so received
in that other currency on the date of receipt or recovery (or, if a purchase of U.S. Dollars on such date had not been practicable, on the first date on which it would have been practicable, it being required that the need for a change of date be
certified in the manner mentioned above). These indemnities constitute a separate and independent obligation from the other obligations of the Company shall give rise to a separate and independent cause of action, shall apply irrespective of any
indulgence granted by the Trustee or any Holder of a Note and shall continue in full force and effect despite any other judgment, order, claim or proof for a liquidated amount in respect of any sum due under this Indenture or any Note. 

Section 10.12 Table of Contents; Headings. The table of contents and headings of the Articles and Sections of this Indenture have
been inserted for convenience of reference only, are not intended to be considered a part hereof and shall not modify or restrict any of the terms or provisions hereof. 

  
 58 

 IN WITNESS WHEREOF, the parties have caused this Indenture to be duly executed as of the
date first written above. 
  

			
	INTERCORP FINANCIAL SERVICES INC.
		
	By:	 	 /s/ Luis Felipe Castellanos Lopez-Torres

		 	Name: Luis Felipe Castellanos Lopez-Torres
		 	Title: Chief Executive Officer
		
	By:	 	 /s/ Michela Casassa Ramat

		 	Name: Michela Casassa Ramat
		 	Title: Chief Financial Officer

 [Signature Page to the Indenture] 

			
	THE BANK OF NEW YORK MELLON,
	as Trustee, Registrar, Paying Agent and Transfer Agent
		
	By:	 	 /s/ Teresa Wyszomierski

		 	Name: Teresa Wyszomierski
		 	Title: Vice President

 [Signature Page to Indenture] 

			
	 THE BANK OF NEW YORK MELLON SA/NV,

LUXEMBOURG BRANCH,

	as Luxembourg Paying Agent and Luxembourg Transfer Agent
		
	By:	 	 /s/ Teresa Wyszomierski

		 	Name: TERESA WYSZOMIERSKI
		 	Title: ATTORNEY-IN-FACT

 [Signature Page to Indenture] 

 EXHIBIT A 

FORM OF NOTE 
 [Include
the following Global Note Legend on all Global Notes:] THIS IS A GLOBAL NOTE WITHIN THE MEANING OF THE INDENTURE REFERRED TO HEREINAFTER. UNLESS THIS CERTIFICATE IS PRESENTED BY AN
AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), NEW YORK, NEW YORK, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED
IN THE NAME OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 

TRANSFERS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S
NOMINEE AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 

[Include the following Private Placement Legend on all Rule 144A Global
Notes:] THIS NOTE HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY OTHER SECURITIES LAWS. THE HOLDER HEREOF, BY PURCHASING THIS NOTE, AGREES THAT THIS NOTE OR ANY
INTEREST OR PARTICIPATION HEREIN MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY (1) TO US, (2) SO LONG AS THIS NOTE IS ELIGIBLE FOR RESALE PURSUANT TO RULE 144A UNDER THE SECURITIES ACT (“RULE 144A”), TO A
PERSON WHO THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A) IN ACCORDANCE WITH RULE 144A, (3) IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE 903 OR 904 OF REGULATION S UNDER THE SECURITIES ACT,
(4) PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT (IF AVAILABLE) OR (5) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, AND IN EACH OF SUCH CASES IN ACCORDANCE WITH ANY APPLICABLE SECURITIES
LAWS OF ANY STATE OF THE UNITED STATES OR OTHER APPLICABLE JURISDICTION. THE HOLDER HEREOF, BY PURCHASING THIS NOTE, REPRESENTS AND AGREES THAT IT WILL NOTIFY ANY PURCHASER OF THIS NOTE FROM IT OF THE RESALE RESTRICTIONS REFERRED TO ABOVE. 

THIS LEGEND MAY BE REMOVED SOLELY IN THE DISCRETION AND AT THE DIRECTION OF THE ISSUER. 

PRIOR TO THE REGISTRATION OF ANY TRANSFER IN ACCORDANCE WITH PARAGRAPH (4) ABOVE, THE ISSUER RESERVES THE RIGHT TO REQUIRE THE DELIVERY OF SUCH LEGAL
OPINIONS, CERTIFICATIONS, OR OTHER EVIDENCE AS MAY REASONABLY BE REQUIRED IN ORDER TO DETERMINE THAT THE PROPOSED TRANSFER IS BEING MADE IN COMPLIANCE WITH THE SECURITIES ACT AND APPLICABLE STATE SECURITIES LAWS. NO REPRESENTATION IS MADE AS TO THE
AVAILABILITY OF ANY EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT. 

  
 A-1 

 [Include the following Private Placement Legend on
all Regulation S Global Notes:] THIS NOTE HAS NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), ANY U.S. STATE SECURITIES LAWS OR ANY OTHER SECURITIES
LAWS. THE HOLDER HEREOF, BY PURCHASING THIS NOTE, AGREES THAT NEITHER THIS NOTE NOR ANY INTEREST OR PARTICIPATION HEREIN MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION UNLESS SUCH TRANSACTION IS EXEMPT
FROM, OR NOT SUBJECT TO, SUCH REGISTRATION, AND IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY OTHER APPLICABLE JURISDICTION. 
 THE FOREGOING
LEGEND MAY BE REMOVED FROM THIS NOTE AFTER 40 DAYS BEGINNING ON AND INCLUDING THE LATER OF (A) THE DATE ON WHICH THE NOTES ARE OFFERED TO PERSONS OTHER THAN DISTRIBUTORS (AS DEFINED IN REGULATION S UNDER THE SECURITIES ACT) AND (B) THE
ORIGINAL ISSUE DATE OF THIS NOTE. 

  
 A-2 

 FORM OF FACE OF NOTE 

INTERCORP FINANCIAL SERVICES INC. 

4.125% SENIOR NOTES DUE 2027 
  

					
	No.        	  	Principal Amount U.S.$[     ]
			
		  	[If the Note is a Global Note include the following two 	  	
		  	lines: as revised by the Schedule of Increases	  	
		  	and Decreases in Global Note attached hereto]	  	
			
		  	 [If the Note is a Rule 144A
	  	
		  	 Global Note, insert:
	  	
		  	 CUSIP NO. 45866EAA5
	  	
		  	 ISIN NO. US45866EAA55
	  	     

		  	 COMMON CODE: 166226945]
	  	
			
		  	 [If the Note is a Regulation S 
	  	
		  	 Global Note, insert:
	  	
		  	 CUSIP NO. P5626FAA0
	  	
		  	 ISIN NO. USP5626FAA05
	  	
		  	 COMMON CODE: 166226422]
	  	

 Intercorp Financial Services Inc., a corporation incorporated and existing under the laws of the Republic of
Panama, promises to pay to Cede & Co., the nominee for The Depository Trust Company, or registered assigns, the principal sum of
                         U.S. Dollars (U.S.$[        ]) [If the Note
is a Global Note, add the following: , as revised by the Schedule of Increases and Decreases in Global Note attached hereto], on October 19, 2027. 

 

			
	Interest Rate:	  	4.125%
		
	Interest Payment Dates:	  	April 19 and October 19 of each year, commencing on April 19, 2018
		
	Record Dates:	  	April 4 and October 4 (whether or not a Business Day)

 Additional provisions of this Note are set forth on the other side of this Note. 

  
 A-3 

 IN WITNESS WHEREOF, the Company has caused this instrument to be duly executed. 

 

			
	INTERCORP FINANCIAL SERVICES INC.
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:

  

							
	 TRUSTEE’S CERTIFICATE OF

AUTHENTICATION

	 The Bank of New York Mellon, as

Trustee, certifies that this is one of
 the Notes referred to in
the Indenture.

				
	By:	 	  
	 	    	 	Date:                        
		 	Name:	 		 	
		 	Title:	 		 	

  
 A-4 

 FORM OF REVERSE SIDE OF NOTE 

 

	1.	 Interest 

Intercorp Financial Services Inc., a corporation incorporated and existing under the laws of the Republic of Panama (including its successors
and assigns under the Indenture, the “Company”), promises to pay interest on the principal amount of this Note at the rate per annum shown above. 

The Company shall pay interest semi-annually in arrears on each Interest Payment Date of each year, commencing on April 19, 2018. Interest on
the Notes shall accrue from the most recent date to which interest has been paid on the Notes or, if no interest has been paid, from October 19, 2017. The Company shall pay interest on overdue principal (plus interest on such interest to the extent
lawful), at the rate borne by the Notes to the extent lawful. Interest shall be computed on the basis of a three hundred sixty (360)-day year of twelve (12) thirty (30)-day months. 

The Company shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and, to the
extent such payments are lawful, interest on overdue installments of interest (“Defaulted Interest”) without regard to any applicable grace periods at the interest rate shown on this Note, as provided in the Indenture. 

All payments by the Company in respect of the Notes will be made free and clear of and without any withholding or deduction for or on account
of any present or future Taxes, unless the withholding or deduction of such Taxes is required by law or the official interpretation thereof, or by the administration thereof. If the Company shall be required by any law of any Taxing Jurisdiction to
withhold or deduct any Taxes from or in respect of any sum payable under the Notes, the Company shall pay to each Holder of the Notes Additional Amounts as provided in the Indenture subject to the limitations set forth in the Indenture. 

 

	2.	 Method of Payment 

Prior to 11:00 a.m. (New York City time) on the Business Day prior to the date on which any principal of or interest on any Note is due and
payable, the Company shall irrevocably deposit with the Trustee or the Paying Agent money sufficient to pay such principal and/or interest. The Company shall pay interest (except Defaulted Interest) to the Persons who are registered Holders of Notes
at the close of business on the Record Date preceding the Interest Payment Date even if Notes are canceled, repurchased or redeemed after the Record Date and on or before the relevant Interest Payment Date. Holders must surrender Notes to a Paying
Agent to collect principal payments. The Company shall pay principal and interest in U.S. Dollars. 
 All payments on the Certificated Notes
will be made at the office or agency of the Paying Agent in New York City unless the Company elects to make interest payments by check mailed to the registered Holders at their registered addresses. Payments on Global Notes shall be made to the DTC,
Clearstream Banking, société anonyme or Euroclear S.A./N.V., as operator of the Euroclear System, or any other depositary institution appointed by the Company that is a clearing agency registered under the Exchange Act
(collectively, the “Depositary”) in accordance with the Depositary’s applicable procedures. Notwithstanding the foregoing, if a Holder of a Certificated Note in an aggregate principal amount of at least U.S.$1,000,000 has given
wire transfer instructions involving payment to a U.S. Dollar account maintained by the payee with a bank in the City of New York to the Company and the Trustee at least fifteen (15) days prior to the relevant payment date, the Paying
Agent shall make all principal, premium, if any, and interest payments on those Notes in accordance with such instructions. 

  
 A-5 

	3.	 Trustee and Agents 

Initially, The Bank of New York Mellon (the “Trustee”), shall act as Trustee, Paying Agent, Transfer Agent and Registrar. The
Company may appoint and change any Agent without notice to any Holder. Initially, The Bank of New York Mellon SA/NV, Luxembourg Branch shall act as the Luxembourg Paying Agent and the Luxembourg Transfer Agent. The Company may act as Agent. 

 

	4.	 Indenture 

The Company originally issued the Notes under an Indenture, dated as of October 19, 2017 (as it may be amended or supplemented from time to
time in accordance with the terms thereof, the “Indenture”), by and among the Company, the Trustee and The Bank of New York Mellon SA/NV, Luxembourg Branch. The terms of the Notes include those stated in the Indenture. Capitalized
terms used herein and not defined herein have the meanings ascribed thereto in the Indenture. The Notes are subject to all such terms, and Holders are referred to the Indenture for a statement of those terms. Each Holder, by accepting a Note, agrees
to be bound by all of the terms and provisions of the Indenture, as amended or supplemented from time to time. 
 The Notes are senior
unsecured obligations of the Company. Subject to the conditions set forth in the Indenture and without the consent of the Holders, the Company may issue Additional Notes. All Notes shall be treated as a single class of securities under the
Indenture. 
 The Indenture imposes certain limitations, subject to certain exceptions, on, among other things, the ability of the Company
and its Subsidiaries to incur Liens or consolidate or merge or transfer or convey all or substantially all of the Company’s assets. 
  

	5.	 Optional Redemption 

(a) Make-Whole Redemption. The Notes will be redeemable, at the option of the Company, in whole or in part, at any time and from
time to time prior to July 19, 2027 (the date that is three months prior to the Maturity Date) (the “Par Call Date”) at a redemption price, as calculated by an Independent Investment Banker, equal to the greater of (1) 100% of the
outstanding principal amount of the Notes to be redeemed and (2) the sum of the present values of the remaining payments on the Notes through the Par Call Date, as if the Notes were redeemed on the Par Call Date, discounted to the date of
redemption on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the applicable Treasury Rate plus 30 basis points, in each case plus accrued and unpaid interest to the Redemption Date and any Additional Amounts (as
defined below). 
 “Comparable Treasury Issue” means the United States Treasury security selected by an Independent
Investment Banker as having a maturity comparable to July 19, 2027 that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities with a maturity comparable to
July 19, 2027. 

  
 A-6 

 “Comparable Treasury Price” means, with respect to the Redemption Date,
(1) the average of the Reference Treasury Dealer Quotations for the Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations or (2) if the Independent Investment Banker obtains fewer than five
(5) such Reference Treasury Dealer Quotations, the average of all such quotations. 
 “Independent Investment Banker”
means one of the Reference Treasury Dealers reasonably designated by the Company. 
 “Reference Treasury Dealer” means
Merrill Lynch, Pierce, Fenner & Smith Incorporated and J.P. Morgan Securities LLC or their Affiliates that are primary United States government securities dealers in New York City (each, a “Primary Treasury Dealer”) and not
less than three other leading Primary Treasury Dealers in New York City reasonably designated by the Company; provided that if any of the former cease to be a Primary Treasury Dealer, the Company will substitute therefor another Primary Treasury
Dealer. 
 “Reference Treasury Dealer Quotation” means, with respect to each Reference Treasury Dealer and a Redemption
Date, the average, as determined by the Independent Investment Banker, of the bid and ask prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in writing to the Independent Investment
Banker by such Reference Treasury Dealer at or about 3:30 p.m. (New York City time) on the third Business Day preceding such Redemption Date. 

“Treasury Rate” means, with respect to a Redemption Date, the rate per annum equal to the semi-annual equivalent yield to
maturity or interpolated maturity (on a day-count basis) of the Comparable Treasury Issue, assuming a price for the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for the
Redemption Date. 
 (b) Par Redemption. The Notes will be redeemable, at the option of the Company, in whole or in part, at any
time and from time to time on and after the Par Call Date at a redemption price equal to 100% of the Outstanding principal amount of the Notes to be redeemed plus accrued and unpaid interest to the Redemption Date and any Additional Amounts. 

(c) Optional Redemption Upon Tax Event. The Notes will be redeemable, at the option of the Company, in whole
but not in part, at 100% of the Outstanding principal amount of the Notes to be redeemed, plus accrued and unpaid interest to the Redemption Date and any Additional Amounts payable with respect thereto, only if: 

(i) the Company would be obligated to pay any Additional Amounts as a result of any change in, or amendment to, the laws or
regulations of any Taxing Jurisdiction, or any change in, or a pronouncement by competent authorities of any Taxing Jurisdiction with respect to, the official application or official interpretation of such laws or regulations, which change,
amendment or pronouncement occurs (a) in the case of Taxes that are imposed by or on behalf of Panama or Peru (or any political subdivision or authority or agency therein or thereof), after the date of the Indenture (or, in the case of any
Taxes (as defined below) imposed by the jurisdiction of a Paying Agent, after the date of appointment of such Paying Agent) or (b) in the case that the Company merges with or into, or conveys, transfers or leases all or substantially all of its
assets to, another Person and any Taxes are imposed or levied by or on behalf of the Taxing Jurisdiction (other than Panama or Peru) in which such successor entity is incorporated, after the date of such merger, conveyance, transfer or lease; and

  
 A-7 

 (ii) such obligation cannot be avoided by the Company taking reasonable
measures available to it; provided that, for this purpose, reasonable measures shall not include any change in the Company’s jurisdiction of organization or locations of principal executive office, or the incurrence of material
out-of-pocket expenses by the Company. (For the avoidance of doubt, reasonable measures may include a change in the jurisdiction of a Paying Agent; provided, however, that such change shall not require the Company to incur material
additional costs or legal or regulatory burdens.) 
 provided, further, that (1) no notice of redemption for tax reasons may be given
earlier than sixty (60) days prior to the earliest date on which the Company would be obligated to pay these Additional Amounts if a payment on the Notes were then due, and (2) at the time such notice of redemption is given such obligation
to pay such Additional Amounts remains in effect. 
 Prior to the giving of any notice of redemption pursuant to this provision, the Company
must deliver to the Trustee: 
 (i) an Officers’ Certificate stating that the Company is entitled to effect the
redemption and setting forth a statement of facts showing that the conditions precedent to the Company’s right to redeem have occurred (including that the Company cannot avoid the obligation to pay such Additional Amounts by taking reasonable
measures available); and 
 (ii) an Opinion of Counsel stating that the Company would be obligated to pay such Additional
Amounts due to the changes in tax laws or regulations or changes in, or pronouncements with respect to, the official application or official interpretation of such laws or regulations. 

The Trustee may conclusively rely upon and will accept such Officers’ Certificate and Opinion of Counsel as sufficient evidence of the satisfaction of
the conditions precedent described above. The notice of redemption, once delivered by the Company or on behalf of the Company to the Holders, shall be irrevocable. 

(d) Optional Redemption Procedures. Notice of any redemption shall be given at least ten (10) but not more than sixty
(60) days before the Redemption Date to Holders of Notes to be redeemed as provided under Section 10.1 of the Indenture. 

Notes called for redemption will become due on the Redemption Date. The Company will pay the redemption price for the Notes together with
accrued and unpaid interest thereon to, but excluding, the Redemption Date (subject to the rights of the relevant Holders as of the Record Date to receive payments of interest on the related Interest Payment Date). On and after the Redemption Date,
interest will cease to accrue on the Notes as long as the Company has deposited with the Paying Agent funds in satisfaction of the applicable redemption price together with accrued and unpaid interest thereon pursuant to the Indenture. Upon
redemption of the Notes by the Company, the redeemed Notes will be cancelled and cannot be reissued. 
 If fewer than all of the Notes are
being redeemed, the Notes to be redeemed shall be selected as follows: (1) if the Notes are listed on an exchange, in compliance with the requirements of such exchange or (2) on a pro rata basis to the extent practicable, or, if the pro
rata basis is not practicable for any reason, by lot or by such other method as most nearly approximates a pro rata basis, in each case as long as the Notes are in global form, subject to the Depositary’s customary procedures (in integral

  
 A-8 

 
multiples of U.S.$1,000; provided that the remaining principal amount of such Holder’s Note will not be less than U.S.$200,000). Upon surrender of any Note redeemed in part, the
Holder will receive a new Note equal in principal amount to the unredeemed portion of the surrendered Note. Once notice of redemption is sent to the Holders, Notes called for redemption become due and payable at the redemption price on the
Redemption Date, and, commencing on the Redemption Date, Notes redeemed will cease to accrue interest (unless the Company defaults in the payment of the redemption price). 

In addition to the Company’s right to redeem the Notes as set forth above, the Company may purchase the Notes in open-market
transactions, tender offers or otherwise at any price, in compliance with applicable securities laws. Any Note so purchased by the Company may be surrendered to the Trustee for cancellation. 

 

	6.	 Change Of Control Offer 

Upon the occurrence of a Change of Control Event, each Holder of Notes shall have the right to require that the Company purchase all or a
portion (in integral multiples of U.S.$1,000, provided that the remaining principal amount of such Holder’s Note shall not be less than U.S.$200,000) of the Holder’s Notes at a purchase price equal to 101% of the principal amount
thereof, plus accrued and unpaid interest to, but excluding, the Change of Control Payment Date. Within thirty (30) days following the date upon which a Change of Control Event occurs, the Company shall provide a notice to each Holder pursuant
to Section 10.1 of the Indenture, with a copy to the Trustee, offering to purchase Notes. As more fully described in the Indenture under Section 3.6, the notice shall state, among other things, the
Change of Control Payment Date which must be no earlier than ten (10) days nor later than sixty (60) days from the date the notice is given, other than as may be required by applicable law. 

 

	7.	 Denominations; Transfer; Exchange 

The Notes are in fully registered form without coupons, and only in minimum denominations of U.S.$200,000 and integral multiples of U.S.$1,000
in excess thereof. A Holder may transfer or exchange Notes in accordance with the Indenture. The Registrar may require a Holder, among other things, to furnish appropriate endorsements or transfer documents and to pay any taxes and fees required by
law or permitted by the Indenture. The Registrar shall be entitled to request such evidence reasonably satisfactory to it documenting the identity and/or signatures of the transferor and the transferee. The Registrar need not register the transfer
of or exchange (i) any Notes selected for redemption (except, in the case of a Note to be redeemed in part, the portion of the Note not to be redeemed) for a period beginning fifteen (15) days before the giving of a notice of Notes to be
redeemed and ending on the date of such notice or (ii) any Notes for a period beginning fifteen (15) days before an Interest Payment Date and ending on such Interest Payment Date. 

 

	8.	 Persons Deemed Owners 

The registered Holder of this Note shall be treated as the owner of it for all purposes. 

 

	9.	 Unclaimed Money 

If money for the payment of principal or interest remains unclaimed for two years, the Trustee or Paying Agent shall pay the money back to the
Company at its request unless an abandoned property law designates another Person. After any such payment, Holders entitled to the money must look only to the Company and not to the Trustee for payment. 

  
 A-9 

	10.	 Discharge Prior to Redemption or Maturity 

Subject to certain conditions set forth in the Indenture, the Company at any time may terminate some or all of its obligations under the Notes
and the Indenture if the Company deposits with the Trustee U.S. Dollars and/or U.S. Government Obligations for the payment of principal of and interest on the Notes to redemption or maturity, as the case may be. 

 

	11.	 Amendment, Waiver 

(a) Subject to certain exceptions set forth in the Indenture, without the consent of any Holder, the Company and the Trustee may, among other
things, amend or supplement the Indenture or the Notes to cure any ambiguity, defect or inconsistency (including, without limitation, any inconsistency between the text of the Indenture or the Notes and the description of the Indenture and the Notes
contained in the “Description of the Notes” section of the Offering Memorandum); to comply with Article IV of the Indenture; to add guarantees or collateral with respect to the Notes; to add to the covenants of the Company for the
benefit of Holders of the Notes; to surrender any right in the Indenture conferred upon the Company; to evidence and provide for the acceptance of an appointment by a successor Trustee; to provide for the issuance of Additional Notes; or to make any
other change that does not materially and adversely affect the rights of any Holder. 
 (b) Subject to certain exceptions set forth in the
Indenture, (i) the Indenture or the Notes may be amended or supplemented with the written consent of the Holders of at least a majority in principal amount of the then Outstanding Notes and (ii) any Default or Event of Default under the
Indenture (except a Default in the payment of the principal of, premium, if any, or interest on any Notes) may be waived with the written consent of the Holders of a majority in aggregate principal amount of the then Outstanding Notes. However,
without the consent of each Holder affected thereby, no amendment may, among other things, reduce the rate of or extend the time for payment of interest on any Note (for the avoidance of doubt, changing the period provided for any notice under the
Indenture and the Notes is not limited by this clause); reduce the principal of or change the Stated Maturity of any Note; reduce the amount payable upon the redemption of any Note or change the time at which any Note may be redeemed (for the
avoidance of doubt, changing the period provided for any notice under the Indenture and the Notes is not limited by this clause); change the currency for payment of principal of or premium, if any, or interest on any Note; impair the right to
institute suit for the enforcement of any payment on or with respect to any Note; waive a Default or Event of Default in the payment of principal of and premium, if any, and interest on the Notes; amend, change or modify in any material respect the
obligation of the Company to make and consummate a Change of Control Offer in respect of a Change of Control Event that has occurred; reduce the principal amount of Outstanding Notes whose Holders must consent to any amendment, supplement or waiver;
or make any change in the amendment or waiver provisions that require each Holder’s consent. 
  

	12.	 Defaults and Remedies 

If an Event of Default occurs and is continuing, the Trustee or the Holders of at least 25% in aggregate principal amount of the then
Outstanding Notes may declare all the Notes to be due and payable immediately. Certain events of bankruptcy or insolvency are Events of Default, which shall result in the Notes being due and payable immediately upon the occurrence of such Events of
Default. 

  
 A-10 

 Holders may not enforce the Indenture or the Notes except as provided in the Indenture. The
Trustee may refuse to enforce the Indenture or the Notes unless it receives indemnity or security reasonably satisfactory to it. Subject to certain limitations, Holders of a majority in aggregate principal amount of the Outstanding Notes may direct
the Trustee in its exercise of any trust or power. The Trustee may withhold from Holders notice of any continuing Default or Event of Default (except a Default or Event of Default in payment of principal or interest) if it determines that
withholding notice is in their interest. 
  

	13.	 Trustee Dealings with the Company 

Subject to certain limitations set forth in the Indenture, the Trustee under the Indenture, in its individual or any other capacity, may become
the owner or pledgee of Notes and may otherwise deal with and collect obligations owed to it by the Company or its Affiliates and may otherwise deal with the Company or its Affiliates with the same rights it would have if it were not Trustee. 

 

	14.	 No Recourse Against Others 

No past, present or future incorporator, director, officer, employee, shareholder or controlling person, as such, of the Company shall have any
liability for any obligations of the Company under the Notes or the Indenture or for any claims based on, in respect of or by reason of such obligations or their creation. By accepting a Note, each Holder waives and releases all such liability. This
waiver and release are part of the consideration for issuance of the Notes. 
  

	15.	 Authentication 

This Note shall not be valid until an authorized signatory of the Trustee (or an Authenticating Agent acting on its behalf) manually signs the
certificate of authentication on the other side of this Note. 
  

	16.	 Abbreviations 

Customary abbreviations may be used in the name of a Holder or an assignee, such as TEN COM (=tenants in common), TEN ENT (=tenants by the
entirety), JT TEN (=joint tenants with rights of survivorship and not as tenants in common), CUST (=custodian) and U/G/M/A (=Uniform Gift to Minors Act). 
  

	17.	 CUSIP, ISIN or Common Code Numbers 

Pursuant to a recommendation promulgated by the Committee on Uniform Security Identification Procedures the Company has caused CUSIP, ISIN or
Common Code numbers to be printed on the Notes and has directed the Trustee to use CUSIP, ISIN or Common Code numbers in notices of redemption as a convenience to Holders. No representation is made as to the accuracy of such numbers either as
printed on the Notes or as contained in any notice of redemption and reliance may be placed only on the other identification numbers placed thereon. 
  

	18.	 Governing Law 

This Note shall be governed by, and construed in accordance with, the laws of the State of New York. 

  
 A-11 

	19.	 Currency of Account; Conversion of Currency 

U.S. Dollars is the sole currency of account and payment for all sums payable by the Company under or in connection with the Notes or the
Indenture. The Company shall indemnify the Holders and the Trustee as provided in respect of the conversion of currency relating to the Notes and the Indenture. 
  

	20.	 Agent for Service; Submission to Jurisdiction; Waiver of Immunities 

The parties to the Indenture have agreed that any suit, action or proceeding arising out of or based upon the Indenture and the Notes may be
instituted in any New York state or U.S. federal court in The City of New York, New York. The parties to the Indenture have irrevocably submitted to the jurisdiction of such courts for such purpose and waived, to the fullest extent permitted by law,
trial by jury, any objection they may now or hereafter have to the laying of venue of any such proceeding, and any claim they may now or hereafter have that any proceeding in any such court is brought in an inconvenient forum and any right to the
jurisdiction of any other courts to which any of them may be entitled, on account of place of residence or domicile. The Company has appointed Corporation Service Company, New York, New York as its authorized agent upon whom all writs, process and
summonses may be served in any suit, action or proceeding arising out of or based upon the Indenture or the Notes which may be instituted in any New York state or U.S. federal court in The City of New York, New York. To the extent that the Company
has or hereafter may acquire any immunity (sovereign or otherwise) from any legal action, suit or proceeding, from jurisdiction of any court or from set-off or any legal process (whether service or notice, attachment in aid or otherwise) with
respect to it or any of their property, the Company has irrevocably waived and agreed not to plead or claim such immunity in respect of its obligations under the Indenture or the Notes. 

Nothing in the preceding paragraph shall affect the right of the Trustee, any Holder of the Notes or any other Person to serve process in any
other manner permitted by law. 
 The Company shall furnish to any Holder upon written request and without charge to the Holder a copy of
the Indenture which has in it the text of this Note in larger type. 
 Requests may be made to: 

Intercorp Financial Services Inc. 
 Av. Carlos Villarán
140, Piso 17, La Victoria 
 Lima 13 – Peru 

  
 A-12 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 

(I) or (we) assign and transfer this Note to: 
  

 
 (Print or type assignee’s name,
address and zip code) 
  
  

(Insert assignee’s Social Security or Tax I.D. Number) 

and irrevocably appoint __________________ to transfer this Note on the books of the Company. The agent may substitute another to act for him. 

Date:_______________Your Signature: ________________________________________ (Sign exactly as your name appears on the other side of this Note.) 

Signature Guarantee: ______________________________ 
 (Signature
must be guaranteed) 
 The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations and
credit unions with membership in an approved signature guarantee medallion program), pursuant to Exchange Act Rule 17Ad-15. 

  
 A-13 

 [To be attached to Global Notes only] 

SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE 

The initial principal amount of this Global Note is U.S.$[•]. The following increases or decreases in this Global Note have been made:

  

									
	 Date of Increase or Decrease
	  	Amount of decrease
in Principal Amount
of this Global Note	  	Amount of increase
in Principal Amount
of this Global Note	  	Principal Amount
of this Global Note
following such
decrease or increase	  	Signature of
authorized
signatory of Trustee
or Note Custodian

  
 A-14 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Company pursuant to Section 3.6 or of the Indenture, check
the box: 
  
 ☐ 

If you want to elect to have only part of this Note purchased by the Company pursuant to Section 3.6 of the
Indenture, state the principal amount (which must be an integral multiple of U.S.$1,000 in excess of U.S.$200,000) that you want to have purchased by the Company: U.S.$ 

Date: __________ Your Signature ____________________________ 

                          
    (Sign exactly as your name appears on the 
 other side of the Note) 

Tax Identification No.:________________________ 
 Signature
Guarantee: _______________________________________ 
 (Signature must be guaranteed) 

The signature(s) should be guaranteed by an eligible guarantor institution (banks, stockbrokers, savings and loan associations and credit unions with
membership in an approved signature guarantee medallion program), pursuant to Exchange Act Rule 17Ad-15. 

  
 A-15 

 EXHIBIT B 

FORM OF CERTIFICATE FOR TRANSFER TO QIB 

[Date] 
 The Bank of New York
Mellon 
 101 Barclay Street, Floor 7 East 

New York, New York 10286 

Attention: Global Corporate Trust 
  

	Re:	 4.125% Senior Notes due 2027 

of Intercorp Financial Services Inc. (the “Company”) 

Ladies and Gentlemen: 
 Reference
is hereby made to the Indenture, dated as of October 19, 2017 (as amended and supplemented from time to time, the “Indenture”), by and among the Company, The Bank of New York Mellon, as Trustee, and The Bank of New York Mellon
SA/NV, Luxembourg Branch. Capitalized terms used but not defined herein shall have the meanings given them in the Indenture. 
 This letter
relates to U.S.$             aggregate principal amount of the Company’s 4.125% Senior Notes due 2027 (the “Notes”) which represents an interest in a Regulation S
Global Note (CUSIP: P5626FAA0/ISIN: USP5626FAA05/COMMON CODE: 166226422) beneficially owned by the undersigned (the “Transferor”) in connection with the proposed transfer of such Notes in exchange for an equivalent beneficial
interest in the Rule 144A Global Note (CUSIP: 45866EAA5 /ISIN: US45866EAA55/COMMON CODE: 166226945). 
 In connection with such request, and
with respect to such Notes, the Transferor does hereby certify that such Notes are being transferred in accordance with Rule 144A under the U.S. Securities Act of 1933, as amended (“Rule 144A”), to a transferee that the Transferor
reasonably believes is purchasing the Notes for its own account or an account with respect to which the transferee exercises sole investment discretion, and the transferee, as well as any such account, is a “qualified institutional buyer”
within the meaning of Rule 144A, in a transaction meeting the requirements of 
 Rule 144A and in accordance with applicable securities laws of any state of
the United States or any other jurisdiction. 
 You and the Company are entitled to rely upon this letter and are irrevocably authorized to
produce this letter or a copy hereof to any interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. 
  

					
		 	Very truly yours,
		
	                	 	[Name of Transferor]
			
		 	By:	 	              

		
		 	  

		 	Authorized Signature

  
 B-1 

 EXHIBIT C 

FORM OF CERTIFICATE FOR TRANSFER 

PURSUANT TO REGULATION S 

[Date] 
 The Bank of New York Mellon 

101 Barclay Street, Floor 7 East 
 New York, New York 10286 

Attention: Global Corporate Trust 
 Re: 4.125%
Senior Notes due 2027 
 of Intercorp Financial Services Inc. (the “Company”) 

Ladies and Gentlemen: 
 Reference is hereby made
to the Indenture, dated as of October 19, 2017 (as amended and supplemented from time to time, the “Indenture”), by and among the Company, The Bank of New York Mellon, as Trustee, and The Bank of New York Mellon SA/NV, Luxembourg
Branch. Capitalized terms used but not defined herein shall have the meanings given them in the Indenture. 
 This letter relates to
U.S.$             aggregate principal amount of the Company’s 4.125% Senior Notes due 2027 (the “Notes”) which represents an interest in a Rule 144A Global Note
(CUSIP: 45866EAA5 /ISIN: US45866EAA55/COMMON CODE: 166226945) beneficially owned by the undersigned (“Transferor”) in connection with the proposed transfer of such Notes in exchange for an equivalent beneficial interest in the
Regulation S Global Note (CUSIP: P5626FAA0/ISIN: USP5626FAA05/COMMON CODE: 166226422). 
 In connection with such request, the Transferor
confirms that such sale has been effected pursuant to and in accordance with Regulation S under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and, accordingly, the Transferor represents that: 

(a) the offer of the Notes was not made to a person in the United States; 

(b) either (i) at the time the buy order was originated, the transferee was outside the United States or the Transferor
and any person acting on the Transferor’s behalf reasonably believed that the transferee was outside the United States or (ii) the transaction was executed in, on or through the facilities of a designated off-shore securities market and
neither the Transferor nor any person acting on the Transferor’s behalf knows that the transaction has been pre-arranged with a buyer in the United States; 

(c) no directed selling efforts have been made in the United States in contravention of the requirements of Rule 903(b) or Rule
904(b) of Regulation S, as applicable; 
 (d) the transaction is not part of a plan or scheme to evade the registration
requirements of the Securities Act; and 

  
 C-1 

 (e) the Transferor is the beneficial owner of the principal amount of Notes
being transferred. 
 In addition, if the sale is made during a Distribution Compliance Period and the provisions of Rule 904(b)(1) or Rule
904(b)(2) of Regulation S are applicable thereto, the Transferor confirms that such sale has been made in accordance with the applicable provisions of Rule 904(b)(1) or Rule 904(b)(2), as the case may be. 

You and the Company are entitled to rely upon this letter and are irrevocably authorized to produce this letter or a copy hereof to any
interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. 
  

					
		 	Very truly yours,
		
	                	 	[Name of Transferor]
			
		 	By:	 	          

		
		 	  

		 	Authorized Signature

  
 C-2 

 EXHIBIT D 

FORM OF CERTIFICATE FOR TRANSFER 

PURSUANT TO RULE 144 
 [Date] 

The Bank of New York Mellon 
 101 Barclay Street, Floor 7 East

 New York, New York 10286 
 Attention: Global Corporate Trust

 Re: 4.125% Senior Notes due 2027 

of Intercorp Financial Services Inc. (the “Company”) 

Ladies and Gentlemen: 
 Reference is hereby made
to the Indenture, dated as of October 19, 2017 (as amended and supplemented from time to time, the “Indenture”), by and among the Company, The Bank of New York Mellon, as Trustee, and The Bank of New York Mellon SA/NV, Luxembourg
Branch. Capitalized terms used but not defined herein shall have the meanings given them in the Indenture. 
 This letter relates to
Company’s 4.125% Senior Notes due 2027 (the “Notes”) which represents an interest in a U.S.$             aggregate principal amount of a Rule 144A Global Note (CUSIP:
45866EAA5 /ISIN: US45866EAA55/COMMON CODE: 166226945) beneficially owned by the undersigned (“Transferor”) in connection with the proposed transfer of such Notes in exchange for an equivalent beneficial interest in a Note that does
not bear the Private Placement Legend (CUSIP: P5626FAA0/ISIN: USP5626FAA05/COMMON CODE: 166226422). In connection with such request, the Transferor confirms that such sale has been effected pursuant to and in accordance with Rule 144 under the U.S.
Securities Act of 1933, as amended. 
 You and the Company are entitled to rely upon this letter and are irrevocably authorized to produce
this letter or a copy hereof to any interested party in any administrative or legal proceedings or official inquiry with respect to the matters covered hereby. 
  

			
	Very truly yours,
	
	[Name of Transferor]
		
	By:	 	          

	
	  

	Authorized Signature

  
 D-1

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00297-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00297-of-00352.parquet"}]]