Document:

Exhibit 4.2

 

LANNETT COMPANY, INC.

 

 

INDENTURE

 

Dated as of                         

 

 

[                   ]

 

Trustee

 

 

TABLE OF CONTENTS

 

 

 

	
 
    	
 
    	
Page
    
	
ARTICLE I. DEFINITIONS AND INCORPORATION BY REFERENCE
    	
1
    
	
Section 1.1.
    	
Definitions
    	
1
    
	
Section 1.2.
    	
Other Definitions
    	
4
    
	
Section 1.3.
    	
Incorporation by   Reference of Trust Indenture Act
    	
5
    
	
Section 1.4.
    	
Rules of   Construction
    	
5
    
	
ARTICLE II.   THE SECURITIES
    	
5
    
	
Section 2.1.
    	
Issuable in Series
    	
5
    
	
Section 2.2.
    	
Establishment of Terms   of Series of Securities
    	
6
    
	
Section 2.3.
    	
Execution and   Authentication
    	
8
    
	
Section 2.4.
    	
Registrar and Paying   Agent
    	
9
    
	
Section 2.5.
    	
Paying Agent to Hold   Money in Trust.
    	
10
    
	
Section 2.6.
    	
Securityholder Lists
    	
10
    
	
Section 2.7.
    	
Transfer and Exchange
    	
10
    
	
Section 2.8.
    	
Mutilated, Destroyed,   Lost and Stolen Securities
    	
11
    
	
Section 2.9.
    	
Outstanding Securities
    	
12
    
	
Section 2.10.
    	
Treasury Securities
    	
12
    
	
Section 2.11.
    	
Temporary Securities
    	
12
    
	
Section 2.12.
    	
Cancellation
    	
13
    
	
Section 2.13.
    	
Defaulted Interest.
    	
13
    
	
Section 2.14.
    	
Global Securities
    	
13
    
	
Section 2.15.
    	
CUSIP Numbers
    	
14
    
	
ARTICLE III.   REDEMPTION
    	
14
    
	
Section 3.1.
    	
Notice to Trustee
    	
14
    
	
Section 3.2.
    	
Selection of Securities   to be Redeemed
    	
15
    
	
Section 3.3.
    	
Notice of Redemption
    	
15
    
	
Section 3.4.
    	
Effect of Notice of   Redemption
    	
16
    
	
Section 3.5.
    	
Deposit of Redemption   Price
    	
16
    
	
Section 3.6.
    	
Securities Redeemed in   Part
    	
16
    
	
ARTICLE IV.   COVENANTS
    	
17
    
	
Section 4.1.
    	
Payment of Principal   and Interest.
    	
17
    
	
Section 4.2.
    	
SEC Reports
    	
17
    
	
Section 4.3.
    	
Compliance Certificate
    	
17
    
	
Section 4.4.
    	
Stay, Extension and   Usury Laws
    	
18
    
	
ARTICLE V. SUCCESSORS
    	
18
    
	
Section 5.1.
    	
When Company   May Merge, Etc.
    	
18
    
	
Section 5.2.
    	
Successor Corporation   Substituted
    	
18
    
	
ARTICLE VI.   DEFAULTS AND REMEDIES
    	
19
    
	
Section 6.1.
    	
Events of Default
    	
19
    
	
Section 6.2.
    	
Acceleration of   Maturity; Rescission and Annulment
    	
20
    
	
Section 6.3.
    	
Collection of   Indebtedness and Suits for Enforcement by Trustee
    	
20
    
	
Section 6.4.
    	
Trustee May File   Proofs of Claim
    	
21
    
	
Section 6.5.
    	
Trustee   May Enforce Claims Without Possession of Securities
    	
22
    
	
Section 6.6.
    	
Application of Money   Collected
    	
22
    

 

i

 

	
Section 6.7.
    	
Limitation on Suits
    	
23
    
	
Section 6.8.
    	
Unconditional Right of   Holders to Receive Principal and Interest.
    	
23
    
	
Section 6.9.
    	
Restoration of Rights   and Remedies
    	
23
    
	
Section 6.10.
    	
Rights and Remedies   Cumulative
    	
24
    
	
Section 6.11.
    	
Delay or Omission Not   Waiver
    	
24
    
	
Section 6.12.
    	
Control by Holders
    	
24
    
	
Section 6.13.
    	
Waiver of Past Defaults
    	
24
    
	
Section 6.14.
    	
Undertaking for Costs
    	
25
    
	
ARTICLE VII.   TRUSTEE
    	
25
    
	
Section 7.1.
    	
Duties of Trustee
    	
25
    
	
Section 7.2.
    	
Rights of Trustee
    	
26
    
	
Section 7.3.
    	
Individual Rights of   Trustee
    	
27
    
	
Section 7.4.
    	
Trustee’s Disclaimer
    	
28
    
	
Section 7.5.
    	
Notice of Defaults
    	
28
    
	
Section 7.6.
    	
Reports by Trustee to   Holders
    	
28
    
	
Section 7.7.
    	
Compensation and   Indemnity
    	
28
    
	
Section 7.8.
    	
Replacement of Trustee
    	
29
    
	
Section 7.9.
    	
Successor Trustee by   Merger, Etc.
    	
30
    
	
Section 7.10.
    	
Eligibility; Disqualification
    	
30
    
	
Section 7.11.
    	
Preferential Collection   of Claims Against Company
    	
30
    
	
ARTICLE VIII.   SATISFACTION AND DISCHARGE; DEFEASANCE
    	
30
    
	
Section 8.1.
    	
Satisfaction and   Discharge of Indenture
    	
30
    
	
Section 8.2.
    	
Application of Trust   Funds; Indemnification
    	
31
    
	
Section 8.3.
    	
Legal Defeasance of   Securities of any Series
    	
32
    
	
Section 8.4.
    	
Covenant Defeasance
    	
33
    
	
Section 8.5.
    	
Repayment to Company
    	
35
    
	
Section 8.6.
    	
Reinstatement
    	
35
    
	
ARTICLE IX.   AMENDMENTS AND WAIVERS
    	
35
    
	
Section 9.1.
    	
Without Consent of   Holders
    	
35
    
	
Section 9.2.
    	
With Consent of Holders
    	
36
    
	
Section 9.3.
    	
Limitations
    	
36
    
	
Section 9.4.
    	
Compliance with Trust   Indenture Act
    	
37
    
	
Section 9.5.
    	
Revocation and Effect   of Consents
    	
37
    
	
Section 9.6.
    	
Notation on or Exchange   of Securities
    	
38
    
	
Section 9.7.
    	
Trustee Protected
    	
38
    
	
ARTICLE X.   MISCELLANEOUS
    	
38
    
	
Section 10.1.
    	
Trust Indenture Act   Controls
    	
38
    
	
Section 10.2.
    	
Notices
    	
38
    
	
Section 10.3.
    	
Communication by   Holders with Other Holders
    	
39
    
	
Section 10.4.
    	
Certificate and Opinion   as to Conditions Precedent
    	
39
    
	
Section 10.5.
    	
Statements Required in   Certificate or Opinion
    	
39
    
	
Section 10.6.
    	
Rules by Trustee   and Agents
    	
40
    
	
Section 10.7.
    	
Legal Holidays
    	
40
    
	
Section 10.8.
    	
No Recourse Against   Others
    	
40
    
	
Section 10.9.
    	
Counterparts
    	
40
    
	
Section 10.10.
    	
Governing Law
    	
41
    

 

ii

 

	
Section 10.11.
    	
No Adverse   Interpretation of Other Agreements
    	
41
    
	
Section 10.12.
    	
Successors
    	
41
    
	
Section 10.13.
    	
Severability
    	
41
    
	
Section 10.14.
    	
Table of Contents,   Headings, Etc.
    	
41
    
	
Section 10.15.
    	
Securities in a Foreign   Currency
    	
41
    
	
Section 10.16.
    	
Judgment Currency
    	
42
    
	
Section 10.17.
    	
Force Majeure
    	
42
    
	
ARTICLE XI.   SINKING FUNDS
    	
43
    
	
Section 11.1.
    	
Applicability of   Article
    	
43
    
	
Section 11.2.
    	
Satisfaction of Sinking   Fund Payments with Securities
    	
43
    
	
Section 11.3.
    	
Redemption of   Securities for Sinking Fund
    	
44
    

 

iii

 

LANNETT COMPANY, INC.

 

Reconciliation and tie between Trust Indenture Act of 1939 and
 Indenture, dated as of               

 

	
§ 310(a)(1)
    	
 
    	
 
    	
 
    	
7.10
    
	
(a)(2)
    	
 
    	
 
    	
 
    	
7.10
    
	
(a)(3)
    	
 
    	
 
    	
 
    	
Not Applicable
    
	
(a)(4)
    	
 
    	
 
    	
 
    	
Not Applicable
    
	
(a)(5)
    	
 
    	
 
    	
 
    	
7.10
    
	
(b)
    	
 
    	
 
    	
 
    	
7.10
    
	
§ 311(a)
    	
 
    	
 
    	
 
    	
7.11
    
	
(b)
    	
 
    	
 
    	
 
    	
7.11
    
	
(c)
    	
 
    	
 
    	
 
    	
Not Applicable
    
	
§ 312(a)
    	
 
    	
 
    	
 
    	
2.6
    
	
(b)
    	
 
    	
 
    	
 
    	
10.3
    
	
(c)
    	
 
    	
 
    	
 
    	
10.3
    
	
§ 313(a)
    	
 
    	
 
    	
 
    	
7.6
    
	
(b)(1)
    	
 
    	
 
    	
 
    	
7.6
    
	
(b)(2)
    	
 
    	
 
    	
 
    	
7.6
    
	
(c)(1)
    	
 
    	
 
    	
 
    	
7.6
    
	
(d)
    	
 
    	
 
    	
 
    	
7.6
    
	
§ 314(a)
    	
 
    	
 
    	
 
    	
4.2, 10.5
    
	
(b)
    	
 
    	
 
    	
 
    	
Not Applicable
    
	
(c)(1)
    	
 
    	
 
    	
 
    	
10.4
    
	
(c)(2)
    	
 
    	
 
    	
 
    	
10.4
    
	
(c)(3)
    	
 
    	
 
    	
 
    	
Not Applicable
    
	
(d)
    	
 
    	
 
    	
 
    	
Not Applicable
    
	
(e)
    	
 
    	
 
    	
 
    	
10.5
    
	
(f)
    	
 
    	
 
    	
 
    	
Not Applicable
    
	
§ 315(a)
    	
 
    	
 
    	
 
    	
7.1
    
	
(b)
    	
 
    	
 
    	
 
    	
7.5
    
	
(c)
    	
 
    	
 
    	
 
    	
7.1
    
	
(d)
    	
 
    	
 
    	
 
    	
7.1
    
	
(e)
    	
 
    	
 
    	
 
    	
6.14
    
	
§ 316(a)
    	
 
    	
 
    	
 
    	
2.10
    
	
(a)(1)(A)
    	
 
    	
 
    	
 
    	
6.12
    
	
(a)(1)(B)
    	
 
    	
 
    	
 
    	
6.13
    
	
(b)
    	
 
    	
 
    	
 
    	
6.8
    
	
§ 317(a)(1)
    	
 
    	
 
    	
 
    	
6.3
    
	
(a)(2)
    	
 
    	
 
    	
 
    	
6.4
    
	
(b)
    	
 
    	
 
    	
 
    	
2.5
    
	
§ 318(a)
    	
 
    	
 
    	
 
    	
10.1
    

 

Note:  This reconciliation and tie shall not, for any purpose, be deemed to be part of the Indenture.

 

iv

 

Indenture dated as of [       ] between Lannett Company, Inc., a Delaware corporation (“Company”), and [              ], a [               ] (“Trustee”).

 

Each party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the Securities issued under this Indenture.

 

ARTICLE I.
 DEFINITIONS AND INCORPORATION BY REFERENCE

 

Section 1.1.                                 Definitions.

 

“Additional Amounts” means any additional amounts which are required hereby or by any Security, under circumstances specified herein or therein, to be paid by the Company in respect of certain taxes imposed on Holders specified herein or therein and which are owing to such Holders.

 

“Affiliate” of any specified person means any other person directly or indirectly controlling or controlled by or under common control with such specified person.   For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlled by” and “under common control with”), as used with respect to any person, shall mean the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of such person, whether through the ownership of voting securities or by agreement or otherwise.

 

“Agent” means any Registrar, Paying Agent or Notice Agent.

 

“Board of Directors” means the board of directors of the Company or any duly authorized committee thereof.

 

“Board Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been adopted by the Board of Directors or pursuant to authorization by the Board of Directors and to be in full force and effect on the date of the certificate and delivered to the Trustee.

 

“Business Day” means, unless otherwise provided by Board Resolution, Officer’s Certificate or supplemental indenture hereto for a particular Series, any day except a Saturday, Sunday or a legal holiday in The City of New York, New York (or in connection with any payment, the place of payment) on which banking institutions are authorized or required by law, regulation or executive order to close.

 

“Capital Stock” means any and all shares, interests, participations, rights or other equivalents (however designated) of corporate stock.

 

“Company” means the party named as such above until a successor replaces it and thereafter means the successor.

 

 

“Company Order” means a written order signed in the name of the Company by an Officer.

 

“Corporate Trust Office” means the office of the Trustee at which at any particular time its corporate trust business related to this Indenture shall be principally administered.

 

“Default” means any event which is, or after notice or passage of time or both would be, an Event of Default.

 

“Depositary” means, with respect to the Securities of any Series issuable or issued in whole or in part in the form of one or more Global Securities, the person designated as Depositary for such Series by the Company, which Depositary shall be a clearing agency registered under the Exchange Act; and if at any time there is more than one such person, “Depositary” as used with respect to the Securities of any Series shall mean the Depositary with respect to the Securities of such Series.

 

“Discount Security” means any Security that provides for an amount less than the stated principal amount thereof to be due and payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.2.

 

“Dollars” and “$” means the currency of The United States of America.

 

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

 

“Foreign Currency” means any currency or currency unit issued by a government other than the government of The United States of America.

 

“Foreign Government Obligations” means, with respect to Securities of any Series that are denominated in a Foreign Currency, direct obligations of, or obligations guaranteed by, the government that issued or caused to be issued such currency for the payment of which obligations its full faith and credit is pledged and which are not callable or redeemable at the option of the issuer thereof.

 

“GAAP” means accounting principles generally accepted in the United States of America set forth in the opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as have been approved by a significant segment of the accounting profession, which are in effect as of the date of determination.

 

“Global Security” or “Global Securities” means a Security or Securities, as the case may be, in the form established pursuant to Section 2.2 evidencing all or part of a Series of Securities, issued to the Depositary for such Series or its nominee, and registered in the name of such Depositary or nominee.

 

“Holder” or “Securityholder” means a person in whose name a Security is registered.

 

2

 

“Indenture” means this Indenture as amended or supplemented from time to time and shall include the form and terms of particular Series of Securities established as contemplated hereunder.

 

“interest” with respect to any Discount Security which by its terms bears interest only after Maturity, means interest payable after Maturity.

 

“Maturity,” when used with respect to any Security, means the date on which the principal of such Security becomes due and payable as therein or herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise.

 

“Officer” means the Chief Executive Officer, President, the Chief Financial Officer, the Chief Operating Officer, the Treasurer or any Assistant Treasurer, the Secretary or any Assistant Secretary, and any Vice President of the Company.

 

“Officer’s Certificate” means a certificate signed by any Officer.

 

“Opinion of Counsel” means a written opinion of legal counsel who is acceptable to the Trustee.  The counsel may be an employee of or counsel to the Company.

 

“person” means any individual, corporation, partnership, joint venture, association, limited liability company, joint-stock company, trust, unincorporated organization or government or any agency or political subdivision thereof.

 

“principal” of a Security means the principal of the Security plus, when appropriate, the premium, if any, on, and any Additional Amounts in respect of, the Security.

 

“Responsible Officer” means any officer of the Trustee in its Corporate Trust Office having responsibility for administration of this Indenture and also means, with respect to a particular corporate trust matter, any other officer to whom any corporate trust matter is referred because of his or her knowledge of and familiarity with a particular subject.

 

“SEC” means the Securities and Exchange Commission.

 

“Securities” means the debentures, notes or other debt instruments of the Company of any Series authenticated and delivered under this Indenture.

 

“Series” or “Series of Securities” means each series of debentures, notes or other debt instruments of the Company created pursuant to Sections 2.1 and 2.2 hereof.

 

“Stated Maturity” when used with respect to any Security, means the date specified in such Security as the fixed date on which the principal of such Security or interest is due and payable.

 

“Subsidiary” of any specified person means any corporation, association or other business entity of which more than 50% of the total voting power of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors,

 

3

 

managers or trustees thereof is at the time owned or controlled, directly or indirectly, by such person or one or more of the other Subsidiaries of that person or a combination thereof.

 

“TIA” means the Trust Indenture Act of 1939 (15 U.S. Code §§ 77aaa-77bbbb) as in effect on the date of this Indenture; provided, however, that in the event the Trust Indenture Act of 1939 is amended after such date, “TIA” means, to the extent required by any such amendment, the Trust Indenture Act as so amended.

 

“Trustee” means the person named as the “Trustee” in the first paragraph of this instrument until a successor Trustee shall have become such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include each person who is then a Trustee hereunder, and if at any time there is more than one such person, “Trustee” as used with respect to the Securities of any Series shall mean the Trustee with respect to Securities of that Series.

 

“U.S. Government Obligations” means securities which are direct obligations of, or guaranteed by, The United States of America for the payment of which its full faith and credit is pledged and which are not callable or redeemable at the option of the issuer thereof, and shall also include a depositary receipt issued by a bank or trust company as custodian with respect to any such U.S. Government Obligation or a specific payment of interest on or principal of any such U.S. Government Obligation held by such custodian for the account of the holder of a depository receipt, provided that (except as required by law) such custodian is not authorized to make any deduction from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of the U.S. Government Obligation evidenced by such depositary receipt.

 

Section 1.2.                                 Other Definitions.

 

	
TERM
    	
 
    	
DEFINED IN
   SECTION
    
	
 
    	
 
    	
 
    
	
“Bankruptcy Law”
    	
 
    	
6.1
    
	
“Custodian”
    	
 
    	
6.1
    
	
“Event of Default”
    	
 
    	
6.1
    
	
“Judgment Currency”
    	
 
    	
10.16
    
	
“Legal Holiday”
    	
 
    	
10.7
    
	
“mandatory sinking fund   payment”
    	
 
    	
11.1
    
	
“New York Banking Day”
    	
 
    	
10.16
    
	
“optional sinking fund   payment”
    	
 
    	
11.1
    
	
“Paying Agent”
    	
 
    	
2.4
    
	
“Registrar”
    	
 
    	
2.4
    
	
“Required Currency”
    	
 
    	
10.16
    
	
“Notice Agent”
    	
 
    	
2.4
    
	
“successor person”
    	
 
    	
5.1
    

 

4

 

Section 1.3.                                 Incorporation by Reference of Trust Indenture Act.

 

Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture.  The following TIA terms used in this Indenture have the following meanings:

 

“Commission” means the SEC.

 

“indenture securities” means the Securities.

 

“indenture security holder” means a Securityholder.

 

“indenture to be qualified” means this Indenture.

 

“indenture trustee” or “institutional trustee” means the Trustee.

 

“obligor” on the indenture securities means the Company and any successor obligor upon the Securities.

 

All other terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule under the TIA and not otherwise defined herein are used herein as so defined.

 

Section 1.4.                                 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)                                 words in the singular include the plural, and in the plural include the singular; and

 

(e)                                  provisions apply to successive events and transactions.

 

ARTICLE II.
 THE SECURITIES

 

Section 2.1.                                 Issuable in Series.

 

The aggregate principal amount of Securities that may be authenticated and delivered under this Indenture is unlimited.  The Securities may be issued in one or more Series. All Securities of a Series shall be identical except as may be set forth or determined in the manner provided in a Board Resolution, a supplemental indenture or an Officer’s Certificate detailing the adoption of the terms thereof pursuant to authority granted under a Board Resolution. In the case of Securities of a Series to be issued from time to time, the Board Resolution, Officer’s Certificate or supplemental indenture detailing the adoption of the terms

 

5

 

thereof pursuant to authority granted under a Board Resolution may provide for the method by which specified terms (such as interest rate, maturity date, record date or date from which interest shall accrue) are to be determined.  Securities may differ between Series in respect of any matters, provided that all Series of Securities shall be equally and ratably entitled to the benefits of the Indenture.

 

Section 2.2.                                 Establishment of Terms of Series of Securities.

 

At or prior to the issuance of any Securities within a Series, the following shall be established (as to the Series generally, in the case of Subsection 2.2.1 and either as to such Securities within the Series or as to the Series generally in the case of Subsections 2.2.2 through 2.2.23) by or pursuant to a Board Resolution, and set forth or determined in the manner provided in a Board Resolution, supplemental indenture hereto or Officer’s Certificate:

 

2.2.1.                                          the title (which shall distinguish the Securities of that particular Series from the Securities of any other Series) and ranking (including the terms of any subordination provisions) of the Series;

 

2.2.2.                                          the price or prices (expressed as a percentage of the principal amount thereof) at which the Securities of the Series will be issued;

 

2.2.3.                                          any limit upon the aggregate principal amount of the Securities of the Series which may be authenticated and delivered under this Indenture (except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities of the Series pursuant to Section 2.7, 2.8, 2.11, 3.6 or 9.6);

 

2.2.4.                                          the date or dates on which the principal of the Securities of the Series is payable;

 

2.2.5.                                          the rate or rates (which may be fixed or variable) per annum or, if applicable, the method used to determine such rate or rates (including, but not limited to, any commodity, commodity index, stock exchange index or financial index) at which the Securities of the Series shall bear interest, if any, the date or dates from which such interest, if any, shall accrue, the date or dates on which such interest, if any, shall commence and be payable and any regular record date for the interest payable on any interest payment date;

 

2.2.6.                                          the place or places where the principal of and interest, if any, on the Securities of the Series shall be payable, where the Securities of such Series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect of the Securities of such Series and this Indenture may be delivered, and the method of such payment, if by wire transfer, mail or other means;

 

2.2.7.                                          if applicable, the period or periods within which, the price or prices at which and the terms and conditions upon which the Securities of the Series may be redeemed, in whole or in part, at the option of the Company;

 

2.2.8.                                          the obligation, if any, of the Company to redeem or purchase the Securities of the Series pursuant to any sinking fund or analogous provisions or at the option of a

 

6

 

Holder thereof and the period or periods within which, the price or prices at which and the terms and conditions upon which Securities of the Series shall be redeemed or purchased, in whole or in part, pursuant to such obligation;

 

2.2.9.                                          the dates, if any, on which and the price or prices at which the Securities of the Series will be repurchased by the Company at the option of the Holders thereof and other detailed terms and provisions of such repurchase obligations;

 

2.2.10.                                   if other than denominations of $1,000 and any integral multiple thereof, the denominations in which the Securities of the Series shall be issuable;

 

2.2.11.                                   the forms of the Securities of the Series and whether the Securities will be issuable as Global Securities;

 

2.2.12.                                   if other than the principal amount thereof, the portion of the principal amount of the Securities of the Series that shall be payable upon declaration of acceleration of the maturity thereof pursuant to Section 6.2;

 

2.2.13.                                   the currency of denomination of the Securities of the Series, which may be Dollars or any Foreign Currency, and if such currency of denomination is a composite currency, the agency or organization, if any, responsible for overseeing such composite currency;

 

2.2.14.                                   the designation of the currency, currencies or currency units in which payment of the principal of and interest, if any, on the Securities of the Series will be made;

 

2.2.15.                                   if payments of principal of or interest, if any, on the Securities of the Series are to be made in one or more currencies or currency units other than that or those in which such Securities are denominated, the manner in which the exchange rate with respect to such payments will be determined;

 

2.2.16.                                   the manner in which the amounts of payment of principal of or interest, if any, on the Securities of the Series will be determined, if such amounts may be determined by reference to an index based on a currency or currencies or by reference to a commodity, commodity index, stock exchange index or financial index;

 

2.2.17.                                   the provisions, if any, relating to any security provided for the Securities of the Series;

 

2.2.18.                                   any addition to, deletion of or change in the Events of Default which applies to any Securities of the Series and any change in the right of the Trustee or the requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section 6.2;

 

2.2.19.                                   any addition to, deletion of or change in the covenants set forth in Articles IV or V which applies to Securities of the Series;

 

7

 

2.2.20.                                   any Depositaries, interest rate calculation agents, exchange rate calculation agents or other agents with respect to Securities of such Series if other than those appointed herein;

 

2.2.21.                                   the provisions, if any, relating to conversion or exchange of any Securities of such Series, including if applicable, the conversion or exchange price, the conversion or exchange period, provisions as to whether conversion or exchange will be mandatory, at the option of the Holders thereof or at the option of the Company, the events requiring an adjustment of the conversion price or exchange price and provisions affecting conversion or exchange if such Series of Securities are redeemed;

 

2.2.22.                                   any other terms of the Series (which may supplement, modify or delete any provision of this Indenture insofar as it applies to such Series), including any terms that may be required under applicable law or regulations or advisable in connection with the marketing of Securities of that Series; and

 

2.2.23.                                   whether any of the Company’s direct or indirect Subsidiaries will guarantee the Securities of that Series, including the terms of subordination, if any, of such guarantees.

 

All Securities of any one Series need not be issued at the same time and may be issued from time to time, consistent with the terms of this Indenture, if so provided by or pursuant to the Board Resolution, supplemental indenture hereto or Officer’s Certificate referred to above.

 

Section 2.3.                                 Execution and Authentication.

 

Two (2) Officers shall sign the Securities for the Company by manual or facsimile signature.

 

If an Officer whose signature is on a Security no longer holds that office at the time the Security is authenticated, the Security shall nevertheless be valid.

 

A Security shall not be valid until authenticated by the manual or facsimile signature of the Trustee or an authenticating agent.  The signature shall be conclusive evidence that the Security has been authenticated under this Indenture.

 

The Trustee shall at any time, and from time to time, authenticate Securities for original issue in the principal amount provided in the Board Resolution, supplemental indenture hereto or Officer’s Certificate, upon receipt by the Trustee of a Company Order.  Each Security shall be dated the date of its authentication.

 

The aggregate principal amount of Securities of any Series outstanding at any time may not exceed any limit upon the maximum principal amount for such Series set forth in the Board Resolution, supplemental indenture hereto or Officer’s Certificate delivered pursuant to Section 2.2, except as provided in Section 2.8.

 

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Prior to the issuance of Securities of any Series, the Trustee shall have received and (subject to Section 7.2) shall be fully protected in relying on:  (a) the Board Resolution, supplemental indenture hereto or Officer’s Certificate establishing the form of the Securities of that Series or of Securities within that Series and the terms of the Securities of that Series or of Securities within that Series, (b) an Officer’s Certificate complying with Section 10.4, and (c) an Opinion of Counsel complying with Section 10.4.

 

The Trustee shall have the right to decline to authenticate and deliver any Securities of such Series: (a) if the Trustee, being advised by counsel, determines that such action may not be taken lawfully; or (b) if the Trustee in good faith by its board of directors or trustees, executive committee or a trust committee of directors and/or vice-presidents or a committee of Responsible Officers shall determine that such action would expose the Trustee to personal liability to Holders of any then outstanding Series of Securities.

 

The Trustee may appoint an authenticating agent acceptable to the Company to authenticate Securities.  An authenticating agent may authenticate Securities whenever the Trustee may do so.  Each reference in this Indenture to authentication by the Trustee includes authentication by such agent.  An authenticating agent has the same rights as an Agent to deal with the Company or an Affiliate of the Company.

 

Section 2.4.                                 Registrar and Paying Agent.

 

The Company shall maintain, with respect to each Series of Securities, at the place or places specified with respect to such Series pursuant to Section 2.2, an office or agency where Securities of such Series may be presented or surrendered for payment (“Paying Agent”), where Securities of such Series may be surrendered for registration of transfer or exchange (“Registrar”) and where notices and demands to or upon the Company in respect of the Securities of such Series and this Indenture may be delivered (“Notice Agent”).  The Registrar shall keep a register with respect to each Series of Securities and to their transfer and exchange.  The Company will give prompt written notice to the Trustee of the name and address, and any change in the name or address, of each Registrar, Paying Agent or Notice Agent.  If at any time the Company shall fail to maintain any such required Registrar, Paying Agent or Notice Agent or shall fail to furnish the Trustee with the name and address thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent to receive all such presentations, surrenders, notices and demands.

 

The Company may also from time to time designate one or more co-registrars, additional paying agents or additional notice agents and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligations to maintain a Registrar, Paying Agent and Notice Agent in each place so specified pursuant to Section 2.2 for Securities of any Series for such purposes.  The Company will give prompt written notice to the Trustee of any such designation or rescission and of any change in the name or address of any such co-registrar, additional paying agent or additional notice agent.  The term “Registrar” includes any co-registrar; the term “Paying Agent” includes any additional paying agent; and the term “Notice Agent” includes any

 

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additional notice agent.  The Company or any of its Affiliates may serve as Registrar or Paying Agent.

 

The Company hereby appoints the Trustee the initial Registrar, Paying Agent and Notice Agent for each Series unless another Registrar, Paying Agent or Notice Agent, as the case may be, is appointed prior to the time Securities of that Series are first issued.

 

Section 2.5.                                 Paying Agent to Hold Money in Trust.

 

The Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent will hold in trust, for the benefit of Securityholders of any Series of Securities, or the Trustee, all money held by the Paying Agent for the payment of principal of or interest on the Series of Securities, and will notify the Trustee in writing of any default by the Company in making any such payment.  While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee.  The Company at any time may require a Paying Agent to pay all money held by it to the Trustee.  Upon payment over to the Trustee, the Paying Agent (if other than the Company or a Subsidiary of the Company) shall have no further liability for the money.  If the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of Securityholders of any Series of Securities all money held by it as Paying Agent.  Upon any bankruptcy, reorganization, or similar proceeding with respect to the Company, the Trustee shall serve as Paying Agent for the Securities.

 

Section 2.6.                                 Securityholder Lists.

 

The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses of Securityholders of each Series of Securities and shall otherwise comply with TIA  § 312(a).  If the Trustee is not the Registrar, the Company shall furnish to the Trustee at least ten days before each interest payment date and at such other times as the Trustee may 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 Securityholders of each Series of Securities.

 

Section 2.7.                                 Transfer and Exchange.

 

Where Securities of a Series are presented to the Registrar or a co-registrar with a request to register a transfer or to exchange them for an equal principal amount of Securities of the same Series, the Registrar shall register the transfer or make the exchange if its requirements for such transactions are met.  To permit registrations of transfers and exchanges, the Trustee shall authenticate Securities at the Registrar’s request.  No service charge shall be made for any registration of transfer or exchange (except as otherwise expressly permitted herein), but the Company may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer tax or similar governmental charge payable upon exchanges pursuant to Sections 2.11, 3.6 or 9.6).

 

Neither the Company nor the Registrar shall be required (a) to issue, register the transfer of, or exchange Securities of any Series for the period beginning at the opening of business fifteen days immediately preceding the sending of a notice of redemption of Securities

 

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of that Series selected for redemption and ending at the close of business on the day such notice is sent, or (b) to register the transfer of or exchange Securities of any Series selected, called or being called for redemption as a whole or the portion being redeemed of any such Securities selected, called or being called for redemption in part.

 

Section 2.8.                                 Mutilated, Destroyed, Lost and Stolen Securities.

 

If any mutilated Security is surrendered to the Trustee, the Company shall execute and the Trustee shall authenticate and deliver in exchange therefor a new Security of the same Series and of like tenor and principal amount and bearing a number not contemporaneously outstanding.

 

If there shall be delivered to the Company and the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any Security and (ii) such security or indemnity bond as may be required by each of them to hold itself and any of its agents harmless, then, in the absence of notice to the Company or the Trustee that such Security has been acquired by a bona fide purchaser, the Company shall execute and upon its request the Trustee shall authenticate and make available for delivery, in lieu of any such destroyed, lost or stolen Security, a new Security of the same Series and of like tenor and principal amount and bearing a number not contemporaneously outstanding.

 

In case any such mutilated, destroyed, lost or stolen Security has become or is about to become due and payable, the Company in its discretion may, instead of issuing a new Security, pay such Security.

 

Upon the issuance of any new Security under this Section, the Company may require the payment of a sum sufficient to cover any tax or other governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected therewith.

 

Every new Security of any Series issued pursuant to this Section in lieu of any destroyed, lost or stolen Security shall constitute an original additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Securities of that Series duly issued hereunder.

 

The provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities.

 

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Section 2.9.                                 Outstanding Securities.

 

The Securities outstanding at any time are all the Securities authenticated by the Trustee except for those canceled by it, those delivered to it for cancellation, those reductions in the interest on a Global Security effected by the Trustee in accordance with the provisions hereof and those described in this Section as not outstanding.

 

If a Security is replaced pursuant to Section 2.8, it ceases to be outstanding until the Trustee receives proof satisfactory to it that the replaced Security is held by a bona fide purchaser.

 

If the Paying Agent (other than the Company, a Subsidiary of the Company or an Affiliate of the Company) holds on the Maturity of Securities of a Series money sufficient to pay such Securities payable on that date, then on and after that date such Securities of the Series cease to be outstanding and interest on them ceases to accrue.

 

The Company may purchase or otherwise acquire the Securities, whether by open market purchases, negotiated transactions or otherwise.  A Security does not cease to be outstanding because the Company or an Affiliate of the Company holds the Security (but see Section 2.10 below).

 

In determining whether the Holders of the requisite principal amount of outstanding Securities have given any request, demand, authorization, direction, notice, consent or waiver hereunder, the principal amount of a Discount Security that shall be deemed to be outstanding for such purposes shall be the amount of the principal thereof that would be due and payable as of the date of such determination upon a declaration of acceleration of the Maturity thereof pursuant to Section 6.2.

 

Section 2.10.                          Treasury Securities.

 

In determining whether the Holders of the required principal amount of Securities of a Series have concurred in any request, demand, authorization, direction, notice, consent or waiver, Securities of a Series owned by the Company or any Affiliate of the Company shall be disregarded, except that for the purposes of determining whether the Trustee shall be protected in relying on any such request, demand, authorization, direction, notice, consent or waiver only Securities of a Series that a Responsible Officer of the Trustee knows are so owned shall be so disregarded.

 

Section 2.11.                          Temporary Securities.

 

Until definitive Securities are ready for delivery, the Company may prepare and the Trustee shall authenticate temporary Securities upon a Company Order.  Temporary Securities shall be substantially in the form of definitive Securities but may have variations that the Company considers appropriate for temporary Securities.  Without unreasonable delay, the Company shall prepare and the Trustee upon receipt of a Company Order shall authenticate definitive Securities of the same Series and date of maturity in exchange for temporary Securities.  Until so exchanged, temporary securities shall have the same rights under this Indenture as the definitive Securities.

 

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Section 2.12.                          Cancellation.

 

The Company at any time may deliver Securities to the Trustee for cancellation.  The Registrar and the Paying Agent shall forward to the Trustee any Securities surrendered to them for registration of transfer, exchange or payment.  The Trustee shall cancel all Securities surrendered for transfer, exchange, payment, replacement or cancellation and shall destroy such canceled Securities (subject to the record retention requirement of the Exchange Act and the Trustee) and deliver a certificate of such cancellation to the Company upon written request of the Company.  The Company may not issue new Securities to replace Securities that it has paid or delivered to the Trustee for cancellation.

 

Section 2.13.                          Defaulted Interest.

 

If the Company defaults in a payment of interest on a Series of Securities, it shall pay the defaulted interest, plus, to the extent permitted by law, any interest payable on the defaulted interest, to the persons who are Securityholders of the Series on a subsequent special record date.  The Company shall fix the special record date and payment date.  At least 10 days before the special record date, the Company shall mail to the Trustee and to each Securityholder of the Series a notice that states the record date, the payment date and the amount of interest to be paid.  The Company may pay defaulted interest in any other lawful manner.

 

Section 2.14.                          Global Securities.

 

2.14.1.                                   Terms of Securities.  A Board Resolution, a supplemental indenture hereto or an Officer’s Certificate shall establish whether the Securities of a Series shall be issued in whole or in part in the form of one or more Global Securities and the Depositary for such Global Security or Securities.

 

2.14.2.                                   Transfer and Exchange.  Notwithstanding any provisions to the contrary contained in Section 2.7 of the Indenture and in addition thereto, any Global Security shall be exchangeable pursuant to Section 2.7 of the Indenture for Securities registered in the names of Holders other than the Depositary for such Security or its nominee only if (i) such Depositary notifies the Company that it is unwilling or unable to continue as Depositary for such Global Security or if at any time such Depositary ceases to be a clearing agency registered under the Exchange Act, and, in either case, the Company fails to appoint a successor Depositary registered as a clearing agency under the Exchange Act within 90 days of such event or (ii) the Company executes and delivers to the Trustee an Officer’s Certificate to the effect that such Global Security shall be so exchangeable.  Any Global Security that is exchangeable pursuant to the preceding sentence shall be exchangeable for Securities registered in such names as the Depositary shall direct in writing in an aggregate principal amount equal to the principal amount of the Global Security with like tenor and terms.

 

Except as provided in this Section 2.14.2, a Global Security may not be transferred except as a whole by the Depositary with respect to such Global Security to a nominee of such Depositary, by a nominee of such Depositary to such Depositary or another nominee of such Depositary or by the Depositary or any such nominee to a successor Depositary or a nominee of such a successor Depositary.

 

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2.14.3.                                   Legend.  Any Global Security issued hereunder shall bear a legend in substantially the following form:

 

“THIS SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY OR A NOMINEE OF THE DEPOSITARY.  THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY, BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH A SUCCESSOR DEPOSITARY.”

 

2.14.4.                                   Acts of Holders.  The Depositary, as a Holder, may appoint agents and otherwise authorize participants to give or take any request, demand, authorization, direction, notice, consent, waiver or other action which a Holder is entitled to give or take under the Indenture.

 

2.14.5.                                   Payments.  Notwithstanding the other provisions of this Indenture, unless otherwise specified as contemplated by Section 2.2, payment of the principal of and interest, if any, on any Global Security shall be made to the Holder thereof.

 

2.14.6.                                   Consents, Declaration and Directions.  The Company, the Trustee and any Agent shall treat a person as the Holder of such principal amount of outstanding Securities of such Series represented by a Global Security as shall be specified in a written statement of the Depositary or by the applicable procedures of such Depositary with respect to such Global Security, for purposes of obtaining any consents, declarations, waivers or directions required to be given by the Holders pursuant to this Indenture.

 

Section 2.15.                          CUSIP Numbers.

 

The Company in issuing the Securities may use “CUSIP” numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP” 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 Securities or as contained in any notice of a redemption and that reliance may be placed only on the other elements of identification printed on the Securities, and any such redemption shall not be affected by any defect in or omission of such numbers.

 

ARTICLE III.
 REDEMPTION

 

Section 3.1.                                 Notice to Trustee.

 

The Company may, with respect to any Series of Securities, reserve the right to redeem and pay the Series of Securities or may covenant to redeem and pay the Series of Securities or any part thereof prior to the Stated Maturity thereof at such time and on such terms as provided for in such Securities.  If a Series of Securities is redeemable and the Company

 

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wants or is obligated to redeem prior to the Stated Maturity thereof all or part of the Series of Securities pursuant to the terms of such Securities, it shall notify the Trustee in writing of the redemption date and the principal amount of Series of Securities to be redeemed.  The Company shall give the notice at least 15 days before the redemption date, unless a shorter period is satisfactory to the Trustee.

 

Section 3.2.                                 Selection of Securities to be Redeemed.

 

Unless otherwise indicated for a particular Series by a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate, if less than all the Securities of a Series are to be redeemed, the Trustee shall select the Securities of the Series to be redeemed in any manner that the Trustee deems fair and appropriate, including by lot or other method, unless otherwise required by law or applicable stock exchange requirements, subject, in the case of Global Securities, to the applicable rules and procedures of the Depositary.  The Trustee shall make the selection from Securities of the Series outstanding not previously called for redemption.  The Trustee may select for redemption portions of the principal of Securities of the Series that have denominations larger than $1,000.  Securities of the Series and portions of them it selects shall be in amounts of $1,000 or whole multiples of $1,000 or, with respect to Securities of any Series issuable in other denominations pursuant to Section 2.2.10, the minimum principal denomination for each Series and the authorized integral multiples thereof.  Provisions of this Indenture that apply to Securities of a Series called for redemption also apply to portions of Securities of that Series called for redemption.

 

Section 3.3.                                 Notice of Redemption.

 

Unless otherwise indicated for a particular Series by Board Resolution, a supplemental indenture hereto or an Officer’s Certificate, at least 15 days but not more than 60 days before a redemption date, the Company shall send or cause to be sent by first-class mail or electronically, in accordance with the procedures of the Depositary, a notice of redemption to each Holder whose Securities are to be redeemed.

 

The notice shall identify the Securities of the Series to be redeemed and shall state:

 

(a)                                 the redemption date;

 

(b)                                 the redemption price;

 

(c)                                  the name and address of the Paying Agent;

 

(d)                                 if any Securities are being redeemed in part, the portion of the principal amount of such Securities to be redeemed and that, after the redemption date and upon surrender of such Security, a new Security or Securities in principal amount equal to the unredeemed portion of the original Security shall be issued in the name of the Holder thereof upon cancellation of the original Security;

 

(e)                                  that Securities of the Series called for redemption must be surrendered to the Paying Agent to collect the redemption price;

 

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(f)                                   that interest on Securities of the Series called for redemption ceases to accrue on and after the redemption date, unless the Company defaults in the deposit of the redemption price;

 

(g)                                  the CUSIP number, if any; and

 

(h)                                 any other information as may be required by the terms of the particular Series or the Securities of a Series being redeemed.

 

At the Company’s request, the Trustee shall give the notice of redemption in the Company’s name and at its expense; provided, however, that the Company has delivered to the Trustee, at least 10 days (unless a shorter time shall be acceptable to the Trustee) prior to the notice date, an Officer’s Certificate requesting that the Trustee give such notice and setting forth the information to be stated in such notice.

 

Section 3.4.                                 Effect of Notice of Redemption.

 

Once notice of redemption is sent as provided in Section 3.3, Securities of a Series called for redemption become due and payable on the redemption date and at the redemption price.  Except as otherwise provided in the supplemental indenture, Board Resolution or Officer’s Certificate for a Series, a notice of redemption may not be conditional.  Upon surrender to the Paying Agent, such Securities shall be paid at the redemption price plus accrued interest to the redemption date.

 

Section 3.5.                                 Deposit of Redemption Price.

 

On or before 11:00 a.m., New York City time, on the redemption date, the Company shall deposit with the Paying Agent money sufficient to pay the redemption price of and accrued interest, if any, on all Securities to be redeemed on that date.

 

Section 3.6.                                 Securities Redeemed in Part.

 

Upon surrender of a Security that is redeemed in part, the Trustee shall authenticate for the Holder a new Security of the same Series and the same maturity equal in principal amount to the unredeemed portion of the Security surrendered.

 

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ARTICLE IV.
 COVENANTS

 

Section 4.1.                                 Payment of Principal and Interest.

 

The Company covenants and agrees for the benefit of the Holders of each Series of Securities that it will duly and punctually pay the principal of and interest, if any, on the Securities of that Series in accordance with the terms of such Securities and this Indenture.  On or before 11:00 a.m., New York City time, on the applicable payment date, the Company shall deposit with the Paying Agent money sufficient to pay the principal of and interest, if any, on the Securities of each Series in accordance with the terms of such Securities and this Indenture.

 

Section 4.2.                                 SEC Reports.

 

To the extent any Securities of a Series are outstanding, the Company shall deliver to the Trustee within 15 days after it files them with the SEC copies of the annual reports and of the information, documents, and other reports (or copies of such portions of any of the foregoing as the SEC may by rules and regulations prescribe) which the Company is required to file with the SEC pursuant to Section 13 or 15(d) of the Exchange Act.  The Company also shall comply with the other provisions of TIA § 314(a). Reports, information and documents filed with the SEC via the EDGAR system will be deemed to be delivered to the Trustee as of the time of such filing via EDGAR for purposes of this Section 4.2.

 

Delivery of reports, information and documents to the Trustee under this Section 4.2 are for informational purposes only and the Trustee’s receipt of the foregoing shall not constitute constructive or actual notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of their covenants hereunder (as to which the Trustee is entitled to rely exclusively on the Officer’s Certificates).

 

Section 4.3.                                 Compliance Certificate.

 

To the extent any Securities of a Series are outstanding, the Company shall deliver to the Trustee, within 120 days after the end of each fiscal year of the Company, an Officer’s Certificate stating that a review of the activities of the Company and its Subsidiaries during the preceding fiscal year has been made under the supervision of the signing Officers with a view to determining whether the Company has kept, observed, performed and fulfilled its obligations under this Indenture, and further stating, as to each such Officer signing such certificate, that to the best of his/her knowledge the Company has kept, observed, performed and fulfilled each and every covenant contained in this Indenture and is not in default in the performance or observance of any of the terms, provisions and conditions hereof (or, if a Default or Event of Default shall have occurred, describing all such Defaults or Events of Default of which the Officer may have knowledge).

 

The Company will, so long as any of the Securities are outstanding, deliver to the Trustee, promptly upon becoming aware of any Default or Event of Default, an Officer’s Certificate specifying such Default or Event of Default and what action the Company is taking or proposes to take with respect thereto.

 

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Section 4.4.                                 Stay, Extension and Usury Laws.

 

The Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, which may affect the covenants or the performance of this Indenture or the Securities; and the Company (to the extent it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not, by resort to any such law, hinder, delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power as though no such law has been enacted.

 

ARTICLE V.
 SUCCESSORS

 

Section 5.1.                                 When Company May Merge, Etc.

 

The Company shall not consolidate with or merge with or into, or convey, transfer or lease all or substantially all of its properties and assets to, any person (a “successor person”) unless:

 

(a)                                 the Company is the surviving corporation or the successor person (if other than the Company) expressly assumes the Company’s obligations on the Securities and under this Indenture; and

 

(b)                                 immediately after giving effect to the transaction, no Default or Event of Default, shall have occurred and be continuing.

 

The Company shall deliver to the Trustee prior to the consummation of the proposed transaction an Officer’s Certificate to the foregoing effect and an Opinion of Counsel stating that the proposed transaction and any supplemental indenture comply with this Indenture.

 

Notwithstanding the above, any Subsidiary of the Company may consolidate with, merge into or transfer all or part of its properties to the Company. Neither an Officer’s Certificate nor an Opinion of Counsel shall be required to be delivered in connection therewith.

 

Section 5.2.                                 Successor Corporation Substituted.

 

Upon any consolidation or merger, or any sale, lease, conveyance or other disposition of all or substantially all of the assets of the Company in accordance with Section 5.1, the successor corporation formed by such consolidation or into or with which the Company is merged or to which such sale, lease, conveyance or other disposition is made shall succeed to, and be substituted for, and may exercise every right and power of, the Company under this Indenture with the same effect as if such successor person has been named as the Company herein; provided, however, that the predecessor Company in the case of a sale, conveyance or other disposition (other than a lease) shall be released from all obligations and covenants under this Indenture and the Securities.

 

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ARTICLE VI.
 DEFAULTS AND REMEDIES

 

Section 6.1.                                 Events of Default.

 

“Event of Default,” wherever used herein with respect to Securities of any Series, means any one of the following events, unless in the establishing Board Resolution, supplemental indenture or Officer’s Certificate, it is provided that such Series shall not have the benefit of said Event of Default:

 

(a)                                 default in the payment of any interest on any Security of that Series when it becomes due and payable, and continuance of such default for a period of 30 days (unless the entire amount of such payment is deposited by the Company with the Trustee or with a Paying Agent prior to 11:00a.m., New York City time, on the 30th day of such period); or

 

(b)                                 default in the payment of principal of any Security of that Series at its Maturity; or

 

(c)                                  default in the performance or breach of any covenant or warranty of the Company in this Indenture (other than defaults pursuant to paragraphs (a) or (b) above or pursuant to a covenant or warranty that has been included in this Indenture solely for the benefit of Series of Securities other than that Series), which default continues uncured for a period of 60 days after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal amount of the outstanding Securities of that Series a written notice specifying such default or breach and requiring it to be remedied and stating that such notice is a “Notice of Default” hereunder; or

 

(d)                                 the Company pursuant to or within the meaning of any Bankruptcy Law:

 

(i)                                     commences a voluntary case;

 

(ii)                                  consents to the entry of an order for relief against it in an involuntary case;

 

(iii)                               consents to the appointment of a Custodian of it or for all or substantially all of its property;

 

(iv)                              makes a general assignment for the benefit of its creditors; or

 

(v)                                 generally is unable to pay its debts as the same become due; or

 

(e)                                  a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that:

 

(i)                                     is for relief against the Company in an involuntary case;

 

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(ii)                                  appoints a Custodian of the Company or for all or substantially all of its property; or

 

(iii)                               orders the liquidation of the Company;

 

and the order or decree remains unstayed and in effect for 60 days; or

 

(f)                                   any other Event of Default provided with respect to Securities of that Series, which is specified in a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate, in accordance with Section 2.2.18.

 

The term “Bankruptcy Law” means title 11, U.S. Code or any similar Federal or State law for the relief of debtors.  The term “Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law.

 

Section 6.2.                                 Acceleration of Maturity; Rescission and Annulment.

 

If an Event of Default with respect to Securities of any Series at the time outstanding occurs and is continuing (other than an Event of Default referred to in Section 6.1(d) or (e)) then in every such case the Trustee or the Holders of not less than 25% in principal amount of the outstanding Securities of that Series may declare the principal amount (or, if any Securities of that Series are Discount Securities, such portion of the principal amount as may be specified in the terms of such Securities) of and accrued and unpaid interest, if any, on all of the Securities of that Series to be due and payable immediately, by a notice in writing to the Company (and to the Trustee if given by Holders), and upon any such declaration such principal amount (or specified amount) and accrued and unpaid interest, if any, shall become immediately due and payable.  If an Event of Default specified in Section 6.1(d) or (e) shall occur, the principal amount (or specified amount) of and accrued and unpaid interest, if any, on all outstanding Securities shall ipso facto become and be immediately due and payable without any declaration or other act on the part of the Trustee or any Holder.

 

At any time after such a declaration of acceleration with respect to any Series has been made and before a judgment or decree for payment of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount of the outstanding Securities of that Series, by written notice to the Company and the Trustee, may rescind and annul such declaration and its consequences if all Events of Default with respect to Securities of that Series, other than the non-payment of the principal and interest, if any, of Securities of that Series which have become due solely by such declaration of acceleration, have been cured or waived as provided in Section 6.13.

 

No such rescission shall affect any subsequent Default or impair any right consequent thereon.

 

Section 6.3.                                 Collection of Indebtedness and Suits for Enforcement by Trustee.

 

The Company covenants that if

 

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(a)                                 default is made in the payment of any interest on any Security when such interest becomes due and payable and such default continues for a period of 30 days, or

 

(b)                                 default is made in the payment of principal of any Security at the Maturity thereof, or

 

(c)                                  default is made in the deposit of any sinking fund payment, if any, when and as due by the terms of a Security,

 

then, the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such Securities, the whole amount then due and payable on such Securities for principal and interest and, to the extent that payment of such interest shall be legally enforceable, interest on any overdue principal and any overdue interest at the rate or rates prescribed therefor in such Securities, and, in addition thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel.

 

If the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust, may institute a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final decree and may enforce the same against the Company or any other obligor upon such Securities and collect the moneys adjudged or deemed to be payable in the manner provided by law out of the property of the Company or any other obligor upon such Securities, wherever situated.

 

If an Event of Default with respect to any Securities of any Series occurs and is continuing, the Trustee may in its discretion proceed to protect and enforce its rights and the rights of the Holders of Securities of such Series by such appropriate judicial proceedings as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement of any covenant or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy.

 

Section 6.4.                                 Trustee May File Proofs of Claim.

 

In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative to the Company or any other obligor upon the Securities or the property of the Company or of such other obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities shall then be due and payable as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company for the payment of overdue principal or interest) shall be entitled and empowered, by intervention in such proceeding or otherwise,

 

(a)                                 to file and prove a claim for the whole amount of principal and interest owing and unpaid in respect of the Securities and to file such other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any

 

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claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and of the Holders allowed in such judicial proceeding, and

 

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

 

and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each 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 it for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.7.

 

Nothing herein contained 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 Securities 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 6.5.                                 Trustee May Enforce Claims Without Possession of Securities.

 

All rights of action and claims under this Indenture or the Securities may be prosecuted and enforced by the Trustee without the possession of any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the payment of the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit of the Holders of the Securities in respect of which such judgment has been recovered.

 

Section 6.6.                                 Application of Money Collected.

 

Any money or property collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed by the Trustee and, in case of the distribution of such money or property on account of principal or interest, upon presentation of the Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

 

First:                                                                     To the payment of all amounts due the Trustee under Section 7.7; and

 

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

 

Third:                                                               To the Company.

 

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Section 6.7.                                 Limitation on Suits.

 

No Holder of any Security of any Series shall have any right to institute any proceeding, judicial or otherwise, with respect to this Indenture, or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless

 

(a)                                 such Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the Securities of that Series;

 

(b)                                 the Holders of not less than 25% in principal amount of the outstanding Securities of that Series shall have made written request to the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder;

 

(c)                                  such Holder or Holders have offered to the Trustee indemnity or security satisfactory to the Trustee against the costs, expenses and liabilities which might be incurred by the Trustee in compliance with such request;

 

(d)                                 the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding; and

 

(e)                                  no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority in principal amount of the outstanding Securities of that Series;

 

it being understood, intended and expressly covenanted by the Holder of every Security with every other Holder and the Trustee that 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, or to obtain or to seek to obtain priority or preference over any other of such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable benefit of all such Holders of the applicable Series.

 

Section 6.8.                                 Unconditional Right of Holders to Receive Principal and Interest.

 

Notwithstanding any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to receive payment of the principal of and interest, if any, on such Security on the Maturity of such Security, including the Stated Maturity expressed in such Security (or, in the case of redemption, on the redemption date) and to institute suit for the enforcement of any such payment, and such rights shall not be impaired without the consent of such Holder.

 

Section 6.9.                                 Restoration of Rights and Remedies.

 

If the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case, subject to any determination in such proceeding, the Company, the Trustee and the Holders shall be restored severally and respectively to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no such proceeding had been instituted.

 

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Section 6.10.                          Rights and Remedies Cumulative.

 

Except as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in Section 2.8, no right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy given hereunder or now or hereafter existing at law or in equity or otherwise.  The assertion or employment of any right or remedy hereunder, or otherwise, shall not, to the extent permitted by law, prevent the concurrent assertion or employment of any other appropriate right or remedy.

 

Section 6.11.                          Delay or Omission Not Waiver.

 

No delay or omission of the Trustee or of any Holder of any Securities to exercise any right or remedy accruing upon any Event of Default shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein.  Every right and remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed expedient, by the Trustee or by the Holders, as the case may be.

 

Section 6.12.                          Control by Holders.

 

The Holders of a majority in principal amount of the outstanding Securities of any Series shall have the right to direct the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee, with respect to the Securities of such Series, provided that:

 

(a)                                 such direction shall not be in conflict with any rule of law or with this Indenture;

 

(b)                                 the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction;

 

(c)                                  subject to the provisions of Section 6.1, the Trustee shall have the right to decline to follow any such direction if the Trustee in good faith shall, by a Responsible Officer of the Trustee, determine that the proceeding so directed would involve the Trustee in personal liability; and

 

(d)                                 prior to taking any action as directed under this Section 6.12, the Trustee shall be entitled to indemnity satisfactory to it against the costs, expenses and liabilities which might be incurred by it in compliance with such a request or direction.

 

Section 6.13.                          Waiver of Past Defaults.

 

The Holders of not less than a majority in principal amount of the outstanding Securities of any Series may on behalf of the Holders of all the Securities of such Series waive any past Default hereunder with respect to such Series and its consequences, except a Default in the payment of the principal of or interest on any Security of such Series (provided, however,

 

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that the Holders of a majority in principal amount of the outstanding Securities of any Series may rescind an acceleration and its consequences, including any related payment default that resulted from such acceleration).  Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon.

 

Section 6.14.                          Undertaking for Costs.

 

All parties to this Indenture agree, and each Holder of any Security by his acceptance thereof shall be deemed to have agreed, that any court may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’ fees, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such party litigant; but the provisions of this Section shall not apply to any suit instituted by the Company, to any suit instituted by the Trustee, to any suit instituted by any Holder, or group of Holders, holding in the aggregate more than 10% in principal amount of the outstanding Securities of any Series, or to any suit instituted by any Holder for the enforcement of the payment of the principal of or interest on any Security on or after the Maturity of such Security, including the Stated Maturity expressed in such Security (or, in the case of redemption, on the redemption date).

 

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 their exercise 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 need perform only those duties that are specifically set forth in this Indenture and no others; 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 Officer’s Certificates or Opinions of Counsel furnished to the Trustee and conforming to the requirements of this Indenture; however, in the case of any such Officer’s Certificates or Opinions of Counsel which by any provisions hereof are specifically required to be furnished to the Trustee, the Trustee shall examine such Officer’s Certificates and Opinions of Counsel to determine whether or not they conform to the form requirements of this Indenture.

 

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(c)                                  The Trustee may not be relieved from liability for its own negligent action, its own negligent failure to act or its own willful misconduct, except that:

 

(i)                                     This paragraph does not limit the effect of paragraph (b) of this Section;

 

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

 

(iii)                               The Trustee shall not be liable with respect to any action taken, suffered or omitted to be taken by it with respect to Securities of any Series in good faith in accordance with the direction of the Holders of a majority in principal amount of the outstanding Securities of such Series relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred upon the Trustee, under this Indenture with respect to the Securities of such Series in accordance with Section 6.12.

 

(d)                                 Every provision of this Indenture that in any way relates to the Trustee is subject to paragraph (a), (b) and (c) of this Section.

 

(e)                                  The Trustee may refuse to perform any duty or exercise any right or power unless it receives indemnity satisfactory to it against the costs, expenses and liabilities which might be incurred by it in performing such duty or exercising such right or power.

 

(f)                                   The Trustee shall not be liable for interest on any money received by it except as the Trustee may agree in writing with the Company.  Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law.

 

(g)                                  No provision of this Indenture shall require the Trustee to risk its own funds or otherwise incur any financial liability in the performance of any of its duties, or in the exercise of any of its rights or powers, if adequate indemnity against such risk is not assured to the Trustee in its satisfaction.

 

(h)                                 The Paying Agent, the Registrar and any authenticating agent shall be entitled to the protections and immunities as are set forth in paragraphs (e), (f) and (g) of this Section and in Section 7.2, each with respect to the Trustee.

 

Section 7.2.                                 Rights of Trustee.

 

(a)                                 The Trustee may rely on and shall be protected in acting or refraining from acting upon any document (whether in original or facsimile form) 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 the document.

 

(b)                                 Before the Trustee acts or refrains from acting, it may require an Officer’s Certificate or an Opinion of Counsel or both.  The Trustee shall not be liable for any

 

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action it takes or omits to take in good faith in reliance on such Officer’s Certificate or Opinion of Counsel.

 

(c)                                  The Trustee may act through agents and shall not be responsible for the misconduct or negligence of any agent appointed with due care.  No Depositary shall be deemed an agent of the Trustee and the Trustee shall not be responsible for any act or omission by any Depositary.

 

(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, provided that the Trustee’s conduct does not constitute willful misconduct or negligence.

 

(e)                                  The Trustee may consult with counsel and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection in respect of any action taken, suffered or omitted by it hereunder without willful misconduct or negligence, and in reliance thereon.

 

(f)                                   The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction of any of the Holders of Securities unless such Holders shall have offered to the Trustee security or indemnity satisfactory to it against the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction.

 

(g)                                  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.

 

(h)                                 The Trustee shall not be deemed to have notice of any Default or Event of Default unless a Responsible Officer of the Trustee has actual knowledge thereof or unless written notice of any event which is in fact such a default is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice references the Securities generally or the Securities of a particular Series and this Indenture.

 

(i)                                     The permissive right of the Trustee to take the actions permitted by this Indenture shall not be construed as an obligation or duty to do so.

 

Section 7.3.                                 Individual Rights of Trustee.

 

The Trustee in its individual or any other capacity may become the owner or pledgee of Securities and may otherwise deal with the Company or an Affiliate of the Company with the same rights it would have if it were not Trustee.  Any Agent may do the same with like rights.  The Trustee is also subject to Sections 7.10 and 7.11.

 

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Section 7.4.                                 Trustee’s Disclaimer.

 

The Trustee makes no representation as to the validity or adequacy of this Indenture or the Securities, it shall not be accountable for the Company’s use of the proceeds from the Securities, and it shall not be responsible for any statement in the Securities other than its authentication.

 

Section 7.5.                                 Notice of Defaults.

 

If a Default or Event of Default occurs and is continuing with respect to the Securities of any Series and if it is known to a Responsible Officer of the Trustee, the Trustee shall mail to each Securityholder of the Securities of that Series notice of a Default or Event of Default within 90 days after it occurs or, if later, after a Responsible Officer of the Trustee has knowledge of such Default or Event of Default.  Except in the case of a Default or Event of Default in payment of principal of or interest on any Security of any Series, the Trustee may withhold the notice if and so long as its corporate trust committee or a committee of its Responsible Officers in good faith determines that withholding the notice is in the interests of Securityholders of that Series.

 

Section 7.6.                                 Reports by Trustee to Holders.

 

Within 60 days after each anniversary of the date of this Indenture, the Trustee shall transmit by mail to all Securityholders, as their names and addresses appear on the register kept by the Registrar, a brief report dated as of such anniversary date, in accordance with, and to the extent required under, TIA § 313.

 

A copy of each report at the time of its mailing to Securityholders of any Series shall be filed with the SEC and each national securities exchange on which the Securities of that Series are listed.  The Company shall promptly notify the Trustee in writing when Securities of any Series are listed on any national securities exchange.

 

Section 7.7.                                 Compensation and Indemnity.

 

The Company shall pay to the Trustee from time to time compensation for its services as the Company and the Trustee shall from time to time agree upon 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 by it.  Such expenses shall include the reasonable compensation and expenses of the Trustee’s agents and counsel.

 

The Company shall indemnify each of the Trustee and any predecessor Trustee (including the cost of defending itself) against any cost, expense or liability, including taxes (other than taxes based upon, measured by or determined by the income of the Trustee) incurred by it except as set forth in the next paragraph in the performance of its duties under this Indenture as Trustee or Agent.  The Trustee shall notify the Company promptly of any claim for which it may seek indemnity.  The Company shall defend the claim and the Trustee shall cooperate in the defense.  The Trustee may have one separate counsel and the Company shall pay the reasonable fees and expenses of such counsel.  The Company need not pay for any settlement made without its consent, which consent shall not be unreasonably withheld.  This

 

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indemnification shall apply to officers, directors, employees, shareholders and agents of the Trustee.

 

The Company need not reimburse any expense or indemnify against any loss or liability incurred by the Trustee or by any officer, director, employee, shareholder or agent of the Trustee through willful misconduct or negligence.

 

To secure the Company’s payment obligations in this Section, the Trustee shall have a lien prior to the Securities of any Series on all money or property held or collected by the Trustee, except that held in trust to pay principal of and interest on particular Securities of that Series.

 

When the Trustee incurs expenses or renders services after an Event of Default specified in Section 6.1(d) or (e) occurs, the expenses and the compensation for the services are intended to constitute expenses of administration under any Bankruptcy Law.

 

The provisions of this Section shall survive the termination of this Indenture.

 

Section 7.8.                                 Replacement of Trustee.

 

A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the successor Trustee’s acceptance of appointment as provided in this Section.

 

The Trustee may resign with respect to the Securities of one or more Series by so notifying the Company at least 30 days prior to the date of the proposed resignation.  The Holders of a majority in principal amount of the Securities of any Series may remove the Trustee with respect to that Series by so notifying the Trustee and the Company.  The Company may remove the Trustee with respect to Securities of one or more Series if:

 

(a)                                 the Trustee fails to comply with Section 7.10;

 

(b)                                 the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered with respect to the Trustee under any Bankruptcy Law;

 

(c)                                  a Custodian or public officer takes charge of the Trustee or its property; or

 

(d)                                 the Trustee becomes incapable of acting.

 

If the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Company shall promptly appoint a successor Trustee.  Within one year after the successor Trustee takes office, the Holders of a majority in principal amount of the then outstanding Securities may appoint a successor Trustee to replace the successor Trustee appointed by the Company.

 

If a successor Trustee with respect to the Securities of any one or more Series does not take office within 60 days after the retiring Trustee resigns or is removed, the retiring Trustee, the Company or the Holders of at least a majority in principal amount of the Securities

 

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of the applicable Series may petition any court of competent jurisdiction for the appointment of a successor Trustee.

 

A successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company.  Immediately after that, the retiring Trustee shall transfer all property held by it as Trustee to the successor Trustee subject to the lien provided for in Section 7.7, 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 with respect to each Series of Securities for which it is acting as Trustee under this Indenture.  A successor Trustee shall mail a notice of its succession to each Securityholder of each such Series.  Notwithstanding replacement of the Trustee pursuant to this Section 7.8, the Company’s obligations under Section 7.7 hereof shall continue for the benefit of the retiring Trustee with respect to expenses and liabilities incurred by it for actions taken or omitted to be taken in accordance with its rights, powers, and duties under this Indenture prior to such replacement.

 

Section 7.9.                                 Successor Trustee by Merger, Etc.

 

If the Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust business to, another corporation, the successor corporation without any further act shall be the successor Trustee, subject to Section 7.10.

 

Section 7.10.                          Eligibility; Disqualification.

 

This Indenture shall always have a Trustee who satisfies the requirements of TIA § 310(a)(1), (2) and (5).  The Trustee shall always have a combined capital and surplus of at least $25,000,000 as set forth in its most recent published annual report of condition.  The Trustee shall comply with TIA § 310(b).

 

Section 7.11.                          Preferential Collection of Claims Against Company.

 

The Trustee is subject to TIA § 311(a), excluding any creditor relationship listed in TIA § 311(b).  A Trustee who has resigned or been removed shall be subject to TIA § 311(a) to the extent indicated.

 

ARTICLE VIII.
 SATISFACTION AND DISCHARGE; DEFEASANCE

 

Section 8.1.                                 Satisfaction and Discharge of Indenture.

 

This Indenture shall upon Company Order cease to be of further effect (except as hereinafter provided in this Section 8.1), and the Trustee, at the expense of the Company, shall execute proper instruments acknowledging satisfaction and discharge of this Indenture, when

 

(a)                                 either

 

(i)                                     all Securities theretofore authenticated and delivered (other than Securities that have been destroyed, lost or stolen and that have been replaced or paid) have been delivered to the Trustee for cancellation; or

 

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(ii)                                  all such Securities not theretofore delivered to the Trustee for cancellation

 

(1)                                 have become due and payable, or

 

(2)                                 will become due and payable at their Stated Maturity within one year, or

 

(3)                                 have been called for redemption or are to be called for redemption within one year under arrangements satisfactory to the Trustee for the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company, or

 

(4)                                 are deemed paid and discharged pursuant to Section 8.3, as applicable;

 

and the Company, in the case of (1), (2) or (3) above, has irrevocably deposited or caused to be deposited with the Trustee as trust funds in trust an amount of money or U.S. Government Obligations sufficient for the purpose of paying and discharging the entire indebtedness on such Securities not theretofore delivered to the Trustee for cancellation, for principal and interest to the date of such deposit (in the case of Securities which have become due and payable on or prior to the date of such deposit) or to the Stated Maturity or redemption date, as the case may be;

 

(b)                                 the Company has paid or caused to be paid all other sums payable hereunder by the Company; and

 

(c)                                  the Company has delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the satisfaction and discharge of this Indenture have been complied with.

 

Notwithstanding the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 7.7, and, if money shall have been deposited with the Trustee pursuant to clause (a) of this Section, the provisions of Sections 2.4, 2.7, 2.8, 8.2 and  8.5 shall survive.

 

Section 8.2.                                 Application of Trust Funds; Indemnification.

 

(a)                                 Subject to the provisions of Section 8.5, all money or U.S. Government Obligations deposited with the Trustee pursuant to Section 8.1, all money and U.S. Government Obligations or Foreign Government Obligations deposited with the Trustee pursuant to Section 8.3 or 8.4 and all money received by the Trustee in respect of U.S. Government Obligations or Foreign Government Obligations deposited with the Trustee pursuant to Section 8.3 or 8.4, shall be held in trust and applied by it, in accordance with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as its own Paying Agent) as the Trustee may determine, to the persons entitled thereto, of the principal and interest for whose payment such money has been deposited with or received by the Trustee or to

 

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make mandatory sinking fund payments or analogous payments as contemplated by Sections 8.3 or 8.4.

 

(b)                                 The Company shall pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against U.S. Government Obligations or Foreign Government Obligations deposited pursuant to Sections 8.3 or 8.4 or the interest and principal received in respect of such obligations other than any payable by or on behalf of Holders.

 

(c)                                  The Trustee shall deliver or pay to the Company from time to time upon Company Order any U.S. Government Obligations or Foreign Government Obligations or money held by it as provided in Sections 8.3 or 8.4 which, in the opinion of a nationally recognized firm of independent certified public accountants or investment bank expressed in a written certification thereof delivered to the Trustee, are then in excess of the amount thereof which then would have been required to be deposited for the purpose for which such U.S. Government Obligations or Foreign Government Obligations or money were deposited or received.  This provision shall not authorize the sale by the Trustee of any U.S. Government Obligations or Foreign Government Obligations held under this Indenture.

 

Section 8.3.                                 Legal Defeasance of Securities of any Series.

 

Unless this Section 8.3 is otherwise specified, pursuant to Section 2.2.20, to be inapplicable to Securities of any Series, the Company shall be deemed to have paid and discharged the entire indebtedness on all the outstanding Securities of any Series on the 91st day after the date of the deposit referred to in subparagraph (d) hereof, and the provisions of this Indenture, as it

 

relates to such outstanding Securities of such Series, shall no longer be in effect (and the Trustee, at the expense of the Company, shall, upon receipt of a Company Order, execute instruments acknowledging the same), except as to:

 

(a)                                 the rights of Holders of Securities of such Series to receive, from the trust funds described in subparagraph (d) hereof, (i) payment of the principal of and each installment of principal of and interest on the outstanding Securities of such Series on the Maturity of such principal or installment of principal or interest and (ii) the benefit of any mandatory sinking fund payments applicable to the Securities of such Series on the day on which such payments are due and payable in accordance with the terms of this Indenture and the Securities of such Series;

 

(b)                                 the provisions of Sections 2.4, 2.7, 2.8, 8.2, 8.3 and 8.5; and

 

(c)                                  the rights, powers, trusts and immunities of the Trustee hereunder and the Company’s obligations in connection therewith;

 

provided that, the following conditions shall have been satisfied:

 

(d)                                 the Company shall have deposited or caused to be irrevocably deposited (except as provided in Section 8.2(c)) with the Trustee as trust funds in trust for the purpose of making the following payments, specifically pledged as security for and

 

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dedicated solely to the benefit of the Holders of such Securities (i) in the case of Securities of such Series denominated in Dollars, cash in Dollars and/or U.S. Government Obligations, or (ii) in the case of Securities of such Series denominated in a Foreign Currency (other than a composite currency), money and/or Foreign Government Obligations, which through the payment of interest and principal in respect thereof in accordance with their terms, will provide (and without reinvestment and assuming no tax liability will be imposed on such Trustee), not later than one day before the due date of any payment of money, an amount in cash, sufficient, in the opinion of a nationally recognized firm of independent public accountants or investment bank expressed in a written certification thereof delivered to the Trustee, to pay and discharge each installment of principal of and interest, if any, on and any mandatory sinking fund payments in respect of all the Securities of such Series on the dates such installments of principal or interest and such sinking fund payments are due;

 

(e)                                  such deposit will not result in a breach or violation of, or constitute a default under, this Indenture or any other agreement or instrument to which the Company is a party or by which it is bound;

 

(f)                                   no Default or Event of Default with respect to the Securities of such Series shall have occurred and be continuing on the date of such deposit or during the period ending on the 91st day after such date;

 

(g)                                  the Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel 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 date of execution of this Indenture, there has been a change in the applicable Federal income tax law, in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders of the Securities of such Series will not recognize income, gain or loss for Federal income tax purposes as a result of such deposit, defeasance and discharge and will be subject to Federal income tax on the same amount and in the same manner and at the same times as would have been the case if such deposit, defeasance and discharge had not occurred;

 

(h)                                 the Company shall have delivered to the Trustee an Officer’s Certificate stating that the deposit was not made by the Company with the intent of defeating, hindering, delaying or defrauding any other creditors of the Company; and

 

(i)                                     the Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent provided for relating to the defeasance contemplated by this Section have been complied with.

 

Section 8.4.                                 Covenant Defeasance.

 

Unless this Section 8.4 is otherwise specified pursuant to Section 2.2.20 to be inapplicable to Securities of any Series, the Company may omit to comply with respect to the Securities of any Series with any term, provision or condition set forth under Sections 4.2, 4.3, 4.4, 4.5, and 5.1 as well as any additional covenants specified in a supplemental indenture for

 

33

 

such Series of Securities or a Board Resolution or an Officer’s Certificate delivered pursuant to Section 2.2.20 (and the failure to comply with any such covenants shall not constitute a Default or Event of Default with respect to such Series under Section 6.1) and the occurrence of any event specified in a supplemental indenture for such Series of Securities or a Board Resolution or an Officer’s Certificate delivered pursuant to Section 2.2.18 and designated as an Event of Default shall not constitute a Default or Event of Default hereunder, with respect to the Securities of such Series, provided that the following conditions shall have been satisfied:

 

(a)                                 With reference to this Section 8.4, the Company has deposited or caused to be irrevocably deposited (except as provided in Section 8.2(c)) with the Trustee as trust funds in trust for the purpose of making the following payments specifically pledged as security for, and dedicated solely to, the benefit of the Holders of such Securities (i) in the case of Securities of such Series denominated in Dollars, cash in Dollars and/or U.S. Government Obligations, or (ii) in the case of Securities of such Series denominated in a Foreign Currency (other than a composite currency), money and/or Foreign Government Obligations, which through the payment of interest and principal in respect thereof in accordance with their terms, will provide (and without reinvestment and assuming no tax liability will be imposed on such Trustee), not later than one day before the due date of any payment of money, an amount in cash, sufficient, in the opinion of a nationally recognized firm of independent certified public accountants or investment bank expressed in a written certification thereof delivered to the Trustee, to pay and discharge each installment of principal of and interest, if any, on and any mandatory sinking fund payments in respect of the Securities of such Series on the dates such installments of interest or principal and such sinking fund payments are due;

 

(b)                                 Such deposit will not result in a breach or violation of, or constitute a default under, this Indenture or any other agreement or instrument to which the Company is a party or by which it is bound;

 

(c)                                  No Default or Event of Default with respect to the Securities of such Series shall have occurred and be continuing on the date of such deposit;

 

(d)                                 The Company shall have delivered to the Trustee an Opinion of Counsel to the effect that Holders of the Securities of such Series will not recognize income, gain or loss for federal income tax purposes as a result of such deposit and covenant defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such deposit and covenant defeasance had not occurred;

 

(e)                                  The Company shall have delivered to the Trustee an Officer’s Certificate stating the deposit was not made by the Company with the intent of defeating, hindering, delaying or defrauding any other creditors of the Company; and

 

(f)                                   The Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions precedent herein provided for relating to the covenant defeasance contemplated by this Section have been complied with.

 

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Section 8.5.                                 Repayment to Company.

 

Subject to 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 and interest that remains unclaimed for two years.  After that, Securityholders entitled to the money must look to the Company for payment as general creditors unless an applicable abandoned property law designates another person.

 

Section 8.6.                                 Reinstatement.

 

If the Trustee or the Paying Agent is unable to apply any money deposited with respect to Securities of any Series in accordance with Section 8.1 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 with respect to the Securities of such Series and under the Securities of such Series shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.1 until such time as the Trustee or the Paying Agent is permitted to apply all such money in accordance with Section 8.1; provided, however, that if the Company has made any payment of principal of or interest on or any Additional Amounts with respect to any Securities because of the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Securities to receive such payment from the money or U.S. Government Obligations held by the Trustee or Paying Agent.

 

ARTICLE IX.
 AMENDMENTS AND WAIVERS

 

Section 9.1.                                 Without Consent of Holders.

 

The Company and the Trustee may amend or supplement this Indenture or the Securities of one or more Series without the consent of any Securityholder:

 

(a)                                 to cure any ambiguity, defect or inconsistency;

 

(b)                                 to comply with Article V;

 

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

 

(d)                                 to add guarantees with respect to Securities of any Series or secure Securities of any Series;

 

(e)                                  to surrender any of the Company’s rights or powers under this Indenture;

 

(f)                                   to add covenants or events of default for the benefit of the holders of Securities of any Series;

 

(g)                                  to comply with the applicable procedures of the applicable depositary;

 

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(h)                                 to make any change that does not adversely affect the rights of any Securityholder;

 

(i)                                     to provide for the issuance of and establish the form and terms and conditions of Securities of any Series as permitted by this Indenture;

 

(j)                                    to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Securities of one or more Series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration of the trusts hereunder by more than one Trustee; or

 

(k)                                 to comply with requirements of the SEC in order to effect or maintain the qualification of this Indenture under the TIA.

 

Section 9.2.                                 With Consent of Holders.

 

The Company and the Trustee may enter into a supplemental indenture with the written consent of the Holders of at least a majority in principal amount of the outstanding Securities of each Series affected by such supplemental indenture (including consents obtained in connection with a tender offer or exchange offer for the Securities of such Series), for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture or of modifying in any manner the rights of the Securityholders of each such Series.  Except as provided in Section 6.13, the Holders of at least a majority in principal amount of the outstanding Securities of any Series by notice to the Trustee (including consents obtained in connection with a tender offer or exchange offer for the Securities of such Series) may waive compliance by the Company with any provision of this Indenture or the Securities with respect to such Series.

 

It shall not be necessary for the consent of the Holders of Securities under this Section 9.2 to approve the particular form of any proposed supplemental indenture or waiver, but it shall be sufficient if such consent approves the substance thereof.  After a supplemental indenture or waiver under this section becomes effective, the Company shall mail to the Holders of Securities affected thereby, a notice briefly describing the supplemental indenture or waiver.  Any failure by the Company to mail or publish such notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such supplemental indenture or waiver.

 

Section 9.3.                                 Limitations.

 

Without the consent of each Securityholder affected, an amendment or waiver may not:

 

(a)                                 reduce the principal amount of Securities whose Holders must consent to an amendment, supplement or waiver;

 

(b)                                 reduce the rate of or extend the time for payment of interest (including default interest) on any Security;

 

36

 

(c)                                  reduce the principal or change the Stated Maturity of any Security or reduce the amount of, or postpone the date fixed for, the payment of any sinking fund or analogous obligation;

 

(d)                                 reduce the principal amount of Discount Securities payable upon acceleration of the maturity thereof;

 

(e)                                  waive a Default or Event of Default in the payment of the principal of or interest, if any, on any Security (except a rescission of acceleration of the Securities of any Series by the Holders of at least a majority in principal amount of the outstanding Securities of such Series and a waiver of the payment default that resulted from such acceleration);

 

(f)                                   make the principal of or interest, if any, on any Security payable in any currency other than that stated in the Security;

 

(g)                                  make any change in Sections 6.8, 6.13 or 9.3 (this sentence); or

 

(h)                                 waive a redemption payment with respect to any Security, provided that such redemption is made at the Company’s option.

 

Section 9.4.                                 Compliance with Trust Indenture Act.

 

Every amendment to this Indenture or the Securities of one or more Series shall be set forth in a supplemental indenture hereto that complies with the TIA as then in effect.

 

Section 9.5.                                 Revocation and Effect of Consents.

 

Until an amendment is set forth in a supplemental indenture or a waiver becomes effective, a consent to it by a Holder of a Security is a continuing consent by the Holder and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security, even if notation of the consent is not made on any Security.  However, any such Holder or subsequent Holder may revoke the consent as to his Security or portion of a Security if the Trustee receives the notice of revocation before the date of the supplemental indenture or the date the waiver becomes effective.

 

Any amendment or waiver once effective shall bind every Securityholder of each Series affected by such amendment or waiver unless it is of the type described in any of clauses (a) through (h) of Section 9.3.  In that case, the amendment or waiver shall bind each Holder of a Security who has consented to it and every subsequent Holder of a Security or portion of a Security that evidences the same debt as the consenting Holder’s Security.

 

The Company may, but shall not be obligated to, fix a record date for the purposes 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 the immediately preceding paragraph, 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 take any such action,

 

37

 

whether or not such Persons continue to be Holders after such record date.  No such consent shall be valid or effective for more than 120 days after such record date.

 

Section 9.6.                                 Notation on or Exchange of Securities.

 

The Company or the Trustee may place an appropriate notation about an amendment or waiver on any Security of any Series thereafter authenticated.  The Company in exchange for Securities of that Series may issue and the Trustee shall authenticate upon request new Securities of that Series that reflect the amendment or waiver.

 

Section 9.7.                                 Trustee Protected.

 

In executing, or accepting the additional trusts created by, any supplemental indenture permitted by this Article or the modifications thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 7.1) shall be fully protected in relying upon, an Officer’s Certificate or an Opinion of Counsel or both complying with Section 10.4.  The Trustee shall sign all supplemental indentures upon delivery of such an Officer’s Certificate or Opinion of Counsel or both, except that the Trustee need not sign any supplemental indenture that adversely affects its rights.

 

ARTICLE X.
 MISCELLANEOUS

 

Section 10.1.                          Trust Indenture Act Controls.

 

If any provision of this Indenture limits, qualifies, or conflicts with another provision which is required or deemed to be included in this Indenture by the TIA, such required or deemed provision shall control.

 

Section 10.2.                          Notices.

 

Any notice or communication by the Company or the Trustee to the other, or by a Holder to the Company or the Trustee, is duly given if in writing and delivered in person or mailed by first-class mail (registered or certified, return receipt requested), facsimile transmission, email or overnight air courier guaranteeing next day delivery, to the others’ address:

 

if to the Company:

 

Lannett Company, Inc.

9000 State Road

Philadelphia, Pennsylvania 19136

Attention: Chief Financial Officer

Telephone: (215) 333-9000

 

if to the Trustee:

 

[                           ]

 

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The Company or the Trustee by notice to the other may designate additional or different addresses for subsequent notices or communications.

 

Any notice or communication to a Securityholder shall be sent electronically or by first-class mail to his address shown on the register kept by the Registrar, in accordance with the procedures of the Depositary.  Failure to mail a notice or communication to a Securityholder of any Series or any defect in it shall not affect its sufficiency with respect to other Securityholders of that or any other Series.

 

If a notice or communication is sent or published in the manner provided above, within the time prescribed, it is duly given, whether or not the Securityholder receives it.

 

If the Company sends a notice or communication to Securityholders, it shall send a copy to the Trustee and each Agent at the same time.

 

Notwithstanding any other provision of this Indenture or any Security, where this Indenture or any Security provides for notice of any event (including any notice of redemption) to a Holder of a Global Security (whether by mail or otherwise), such notice shall be sufficiently given to the Depositary for such Security (or its designee) pursuant to the customary procedures of such Depositary.

 

Section 10.3.                          Communication by Holders with Other Holders.

 

Securityholders of any Series may communicate pursuant to TIA § 312(b) with other Securityholders of that Series or any other Series with respect to their rights under this Indenture or the Securities of that Series or all Series.  The Company, the Trustee, the Registrar and anyone else shall have the protection of TIA § 312(c).

 

Section 10.4.                          Certificate and Opinion as to Conditions Precedent.

 

Upon any request or application by the Company to the Trustee to take any action under this Indenture, the Company shall furnish to the Trustee:

 

(a)                                 an Officer’s Certificate 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 stating that, in the opinion of such counsel, all such conditions precedent have been complied with.

 

Section 10.5.                          Statements Required in Certificate or Opinion.

 

Each certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than a certificate provided pursuant to TIA § 314(a)(4)) shall comply with the provisions of TIA § 314(e) and shall include:

 

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(a)                                 a statement that the person 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 that, in the opinion of such person, 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

 

(d)                                 a statement as to whether or not, in the opinion of such person, such condition or covenant has been complied with.

 

Section 10.6.                          Rules by Trustee and Agents.

 

The Trustee may make reasonable rules for action by or a meeting of Securityholders of one or more Series.  Any Agent may make reasonable rules and set reasonable requirements for its functions.

 

Section 10.7.                          Legal Holidays.

 

Unless otherwise provided by Board Resolution, Officer’s Certificate or supplemental indenture hereto for a particular Series, a “Legal Holiday” is any day that is not a Business Day.  If a payment date is a Legal Holiday at a place of payment, payment may be made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period.

 

Section 10.8.                          No Recourse Against Others.

 

A director, officer, employee or stockholder (past or present), as such, of the Company shall not have any liability for any obligations of the Company under the Securities or the Indenture or for any claim based on, in respect of or by reason of such obligations or their creation.  Each Securityholder by accepting a Security waives and releases all such liability.  The waiver and release are part of the consideration for the issue of the Securities.

 

Section 10.9.                          Counterparts.

 

This Indenture may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. The exchange of copies of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Indenture as to the parties hereto and may be used in lieu of the original Indenture for all purposes.  Signatures of the parties hereto transmitted by facsimile or PDF shall be deemed to be their original signatures for all purposes.

 

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Section 10.10.                   Governing Law.

 

THIS INDENTURE AND THE SECURITIES, INCLUDING ANY CLAIM OR CONTROVERSY ARISING OUT OF OR RELATING TO THE INDENTURE OR THE SECURITIES, SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CONFLICT OF LAWS PRINCIPLES THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK.

 

Section 10.11.                   No Adverse Interpretation of Other Agreements.

 

This Indenture may not be used to interpret another indenture, loan or debt agreement of the Company or a Subsidiary of the Company.  Any such indenture, loan or debt agreement may not be used to interpret this Indenture.

 

Section 10.12.                   Successors.

 

All agreements of the Company in this Indenture and the Securities shall bind its successor.  All agreements of the Trustee in this Indenture shall bind its successor.

 

Section 10.13.                   Severability.

 

In case any provision in this Indenture or in the Securities 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 10.14.                   Table of Contents, Headings, Etc.

 

The Table of Contents, Cross Reference Table, and headings of the Articles and Sections of this Indenture have been inserted for convenience of reference only, are not to be considered a part hereof, and shall in no way modify or restrict any of the terms or provisions hereof.

 

Section 10.15.                   Securities in a Foreign Currency.

 

Unless otherwise specified in a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate delivered pursuant to Section 2.2 of this Indenture with respect to a particular Series of Securities, whenever for purposes of this Indenture any action may be taken by the Holders of a specified percentage in aggregate principal amount of Securities of all Series or all Series affected by a particular action at the time outstanding and, at such time, there are outstanding Securities of any Series which are denominated in more than one currency, then the principal amount of Securities of such Series which shall be deemed to be outstanding for the purpose of taking such action shall be determined by converting any such other currency into a currency that is designated upon issuance of any particular Series of Securities.  Unless otherwise specified in a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate delivered pursuant to Section 2.2 of this Indenture with respect to a particular Series of Securities, such conversion shall be at the spot rate for the purchase of the designated currency as published in The Financial Times in the “Currency Rates” section (or, if The Financial Times is no longer published, or if such information is no longer available in The Financial Times, such source as may be selected in good faith by the Company) on any date of determination.  The

 

41

 

provisions of this paragraph shall apply in determining the equivalent principal amount in respect of Securities of a Series denominated in currency other than Dollars in connection with any action taken by Holders of Securities pursuant to the terms of this Indenture.

 

All decisions and determinations provided for in the preceding paragraph shall, in the absence of manifest error, to the extent permitted by law, be conclusive for all purposes and irrevocably binding upon the Trustee and all Holders.

 

Section 10.16.                   Judgment Currency.

 

The Company agrees, to the fullest extent that it may effectively do so under applicable law, that (a) if for the purpose of obtaining judgment in any court it is necessary to convert the sum due in respect of the principal of or interest or other amount on the Securities of any Series (the “Required Currency”) into a currency in which a judgment will be rendered (the “Judgment Currency”), the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in The City of New York the Required Currency with the Judgment Currency on the day on which final unappealable judgment is entered, unless such day is not a New York Banking Day, then the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in The City of New York the Required Currency with the Judgment Currency on the New York Banking Day preceding the day on which final unappealable judgment is entered and (b) its obligations under this Indenture to make payments in the Required Currency (i) shall not be discharged or satisfied by any tender, any recovery pursuant to any judgment (whether or not entered in accordance with subsection (a)), in any currency other than the Required Currency, except to the extent that such tender or recovery shall result in the actual receipt, by the payee, of the full amount of the Required Currency expressed to be payable in respect of such payments, (ii) shall be enforceable as an alternative or additional cause of action for the purpose of recovering in the Required Currency the amount, if any, by which such actual receipt shall fall short of the full amount of the Required Currency so expressed to be payable, and (iii) shall not be affected by judgment being obtained for any other sum due under this Indenture.  For purposes of the foregoing, “New York Banking Day” means any day except a Saturday, Sunday or a legal holiday in The City of New York on which banking institutions are authorized or required by law, regulation or executive order to close.

 

Section 10.17.                   Force Majeure.

 

In no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents, acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or malfunctions of utilities, communications or computer (software and hardware) services, it being understood that the Trustee shall use reasonable best efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable under the circumstances.

 

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ARTICLE XI.
 SINKING FUNDS

 

Section 11.1.                          Applicability of Article.

 

The provisions of this Article shall be applicable to any sinking fund for the retirement of the Securities of a Series if so provided by the terms of such Securities pursuant to Section 2.2 and except as otherwise permitted or required by any form of Security of such Series issued pursuant to this Indenture.

 

The minimum amount of any sinking fund payment provided for by the terms of the Securities of any Series is herein referred to as a “mandatory sinking fund payment” and any other amount provided for by the terms of Securities of such Series is herein referred to as an “optional sinking fund payment.”  If provided for by the terms of Securities of any Series, the cash amount of any sinking fund payment may be subject to reduction as provided in Section 11.2.  Each sinking fund payment shall be applied to the redemption of Securities of any Series as provided for by the terms of the Securities of such Series.

 

Section 11.2.                          Satisfaction of Sinking Fund Payments with Securities.

 

The Company may, in satisfaction of all or any part of any sinking fund payment with respect to the Securities of any Series to be made pursuant to the terms of such Securities (1) deliver outstanding Securities of such Series to which such sinking fund payment is applicable (other than any of such Securities previously called for mandatory sinking fund redemption) and (2) apply as credit Securities of such Series to which such sinking fund payment is applicable and which have been repurchased by the Company or redeemed either at the election of the Company pursuant to the terms of such Series of Securities (except pursuant to any mandatory sinking fund) or through the application of permitted optional sinking fund payments or other optional redemptions pursuant to the terms of such Securities, provided that such Securities have not been previously so credited.  Such Securities shall be received by the Trustee, together with an Officer’s Certificate with respect thereto, not later than 15 days prior to the date on which the Trustee begins the process of selecting Securities for redemption, and shall be credited for such purpose by the Trustee at the price specified in such Securities for redemption through operation of the sinking fund and the amount of such sinking fund payment shall be reduced accordingly.  If as a result of the delivery or credit of Securities in lieu of cash payments pursuant to this Section 11.2, the principal amount of Securities of such Series to be redeemed in order to exhaust the aforesaid cash payment shall be less than $100,000, the Trustee need not call Securities of such Series for redemption, except upon receipt of a Company Order that such action be taken, and such cash payment shall be held by the Trustee or a Paying Agent and applied to the next succeeding sinking fund payment, provided, however, that the Trustee or such Paying Agent shall from time to time upon receipt of a Company Order pay over and deliver to the Company any cash payment so being held by the Trustee or such Paying Agent upon delivery by the Company to the Trustee of Securities of that Series purchased by the Company having an unpaid principal amount equal to the cash payment required to be released to the Company.

 

43

 

Section 11.3.                          Redemption of Securities for Sinking Fund.

 

Not less than 45 days (unless otherwise indicated in the Board Resolution, supplemental indenture hereto or Officer’s Certificate in respect of a particular Series of Securities) prior to each sinking fund payment date for any Series of Securities, the Company will deliver to the Trustee an Officer’s Certificate specifying the amount of the next ensuing mandatory sinking fund payment for that Series pursuant to the terms of that Series, the portion thereof, if any, which is to be satisfied by payment of cash and the portion thereof, if any, which is to be satisfied by delivering and crediting of Securities of that Series pursuant to Section 11.2, and the optional amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment, and the Company shall thereupon be obligated to pay the amount therein specified.  Not less than 30 days (unless otherwise indicated in the Board Resolution, Officer’s Certificate or supplemental indenture in respect of a particular Series of Securities) before each such sinking fund payment date the Securities to be redeemed upon such sinking fund payment date will be selected in the manner specified in Section 3.2 and the Company shall send or cause to be sent a notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided in Section 3.3.  Such notice having been duly given, the redemption of such Securities shall be made upon the terms and in the manner stated in Sections 3.4, 3.5 and 3.6.

 

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

 

	
 
    	
Lannett   Company, Inc.
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Its:
    
	
 
    	
 
    
	
 
    	
[                              ],   as Trustee
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Its:Exhibit 10.1

 

EXECUTION VERSION

 

 

 

TERM LOAN CREDIT AGREEMENT

 

among

 

NCI BUILDING SYSTEMS, INC.,

as Borrower,

 

THE LENDERS

FROM TIME TO TIME PARTY HERETO,

 

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,

as Administrative Agent and Collateral Agent,

 

ROYAL BANK OF CANADA

and UBS SECURITIES LLC,

as Syndication Agents and

 

Credit
Suisse SECURITIES (USA) LLC,

RBC CAPITAL MARKETS,

UBS SECURITIES LLC,

and CITIGROUP GLOBAL MARKETS INC.,

as Joint Lead Arrangers and Joint Bookrunners

 

dated as of February 8, 2018

 

 

 

 

     

     

    

 

Table of Contents

 

	 	 	 	Page
	 	 	 	 
	SECTION 1 Definitions	1
	 	 
	 	1.1	Defined Terms	1
	 	1.2	Other Definitional and Interpretive Provisions	76
	 	2.1	Initial Term Loans	79
	 	2.2	Notes	80
	 	2.3	Procedure for Initial Term Loan Borrowing	80
	 	2.4	[Reserved]	81
	 	2.5	Repayment of Loans	81
	 	2.6	Incremental Facilities	81
	 	2.7	Permitted Debt Exchanges	84
	 	2.8	Extension of Term Loans	85
	 	2.9	Specified Refinancing Facilities	89
	 	4.1	Interest Rates and Payment Dates	90
	 	4.2	Conversion and Continuation Options	91
	 	4.3	Minimum Amounts; Maximum Sets	92
	 	4.4	Optional and Mandatory Prepayments	92
	 	4.5	Administrative Agent’s Fee; Other Fees	104
	 	4.6	Computation of Interest and Fees	104
	 	4.7	Inability to Determine Interest Rate	105
	 	4.8	Pro Rata Treatment and Payments	106
	 	4.9	Illegality	107
	 	4.10	Requirements of Law	107
	 	4.11	Taxes	109
	 	4.12	Indemnity	115
	 	4.13	Certain Rules Relating to the Payment of Additional Amounts	115
	 	4.14	Defaulting Lender	117
	 	5.1	Financial Condition	118
	 	5.2	No Change; Solvent	118
	 	5.3	Corporate Existence; Compliance with Law	118
	 	5.4	Corporate Power; Authorization; Enforceable Obligations	119
	 	5.5	No Legal Bar	119
	 	5.6	No Material Litigation	119
	 	5.7	No Default	119
	 	5.8	Ownership of Property; Liens	120
	 	5.9	Intellectual Property	120
	 	5.10	Taxes	120
	 	5.11	Federal Regulations	120
	 	5.12	ERISA	121
	 	5.13	Collateral	122
	 	5.14	Investment Company Act; Other Regulations	122
	 	5.15	Subsidiaries	122
	 	5.16	Purpose of Loans	122

 

    	 	(i)	 

     

    

 

Table of Contents

(continued)

 

	 	 	 	Page
	 	 	 	 
	 	5.17	Environmental Matters	122
	 	5.18	No Material Misstatements	124
	 	5.19	Labor Matters	124
	 	5.20	Insurance	124
	 	5.21	Anti-Terrorism	124
	 	6.1	Conditions to Initial Extension of Credit	124
	 	7.1	Financial Statements	128
	 	7.2	Certificates; Other Information	129
	 	7.3	Payment of Taxes	131
	 	7.4	Conduct of Business and Maintenance of Existence; Compliance with Contractual Obligations
    and Requirements of Law	131
	 	7.5	Maintenance of Property; Insurance	131
	 	7.6	Inspection of Property; Books and Records; Discussions	132
	 	7.7	Notices	132
	 	7.8	Environmental Laws	134
	 	7.9	After-Acquired Real Property and Fixtures; Subsidiaries	135
	 	7.10	Use of Proceeds	137
	 	7.11	Commercially Reasonable Efforts to Maintain Ratings	137
	 	7.12	Accounting Changes	138
	 	7.13	Post-Closing Security Perfection	138
	 	8.1	Limitation on Indebtedness	138
	 	8.2	Limitation on Restricted Payments	145
	 	8.3	Limitation on Restrictive Agreements	150
	 	8.4	Limitation on Sales of Assets and Subsidiary Stock	152
	 	8.5	Limitations on Transactions with Affiliates	156
	 	8.6	Limitation on Liens	158
	 	8.7	Limitation on Fundamental Changes	158
	 	8.8	Change of Control; Limitation on Amendments	160
	 	8.9	Limitation on Lines of Business	161
	 	9.1	Events of Default	161
	 	9.2	Remedies Upon an Event of Default	164
	 	10.1	Appointment	165
	 	10.2	The Administrative Agent and Affiliates	165
	 	10.3	Action by an Agent	166
	 	10.4	Exculpatory Provisions	166
	 	10.5	Acknowledgement and Representations by Lenders	167
	 	10.6	Indemnity; Reimbursement by Lenders	167
	 	10.7	Right to Request and Act on Instructions; Reliance	168
	 	10.8	Collateral Matters	168
	 	10.9	Successor Agent	169
	 	10.10	[Reserved]	171
	 	10.11	Withholding Tax	172
	 	10.12	Other Representatives	172
	 	10.13	[Reserved]	172
	 	10.14	Application of Proceeds	172
	 	11.1	Amendments and Waivers	173

 

    	 	(ii)	 

     

    

 

Table of Contents 

(continued)

 

	 	 	 	Page
	 	 	 	 
	 	11.2	Notices	178
	 	11.3	No Waiver; Cumulative Remedies	180
	 	11.4	Survival of Representations and Warranties	180
	 	11.5	Payment of Expenses and Taxes	181
	 	11.6	Successors and Assigns; Participations and Assignments	182
	 	11.7	Adjustments; Set-off; Calculations; Computations	194
	 	11.8	Judgment	195
	 	11.9	Counterparts	196
	 	11.10	Severability	196
	 	11.11	Integration	196
	 	11.12	Governing Law	196
	 	11.13	Submission to Jurisdiction; Waivers	196
	 	11.14	Acknowledgements	197
	 	11.15	Waiver of Jury Trial	197
	 	11.16	Confidentiality	198
	 	11.17	Incremental and Other New Indebtedness; Additional Indebtedness	199
	 	11.18	USA PATRIOT Act Notice	199
	 	11.19	Electronic Execution of Assignments and Certain Other Documents	200
	 	11.20	Reinstatement	200
	 	11.21	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	200

 

    	 	(iii)	 

     

    

 

SCHEDULES

 

	A	—	Commitments and Addresses
	1.1(a)	—	Existing Investments
	1.1(b)	—	Existing Liens
	5.4	—	Consents Required
	5.6	—	Litigation
	5.8	—	Mortgaged Fee Properties
	5.9	—	Intellectual Property Claims
	5.15	—	Subsidiaries
	5.17	—	Environmental Matters
	5.20	—	Insurance
	7.2	—	Website Address for Electronic Financial Reporting
	7.13	—	Post-Closing Collateral Requirements
	7.14	—	Post-Closing Matters
	8.1	—	Existing Indebtedness
	8.5	—	Affiliate Transactions

 

EXHIBITS

 

	A	—	Form of Note
	B	—	Form of Guarantee and Collateral Agreement
	C	—	Form of Mortgage
	D	—	Form of U.S. Tax Compliance Certificate
	E	—	Form of Assignment and Acceptance
	F	—	Form of Secretary’s Certificate
	G	—	Form of Officer’s Certificate
	H	—	Form of Solvency Certificate
	I-1	—	Form of Increase Supplement
	I-2	—	Form of Lender Joinder Agreement
	K	—	Form of ABL/Term Loan Intercreditor Agreement
	L	—	Form of Junior Lien Intercreditor Agreement
	M	—	Form of Affiliated Lender Assignment and Assumption
	N	—	Form of Acceptance and Prepayment Notice
	O	—	Form of Discount Range Prepayment Notice
	P	—	Form of Discount Range Prepayment Offer
	Q	—	Form of Solicited Discounted Prepayment Notice
	R	—	Form of Solicited Discounted Prepayment Offer
	S	—	Form of Specified Discount Prepayment Notice
	T	—	Form of Specified Discount Prepayment Response
	U	—	Form of Compliance Certificate
	V	—	Form of Tax Sharing Agreement

 

    	 	(iv)	 

     

    

 

TERM LOAN CREDIT AGREEMENT,
dated as of February 8, 2018, among NCI BUILDING SYSTEMS, INC. (the “Borrower”), a Delaware corporation, the
several banks and other financial institutions from time to time party hereto (as further defined in Subsection 1.1, the
“Lenders”), and CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as administrative agent (in such capacity and as further
defined in Subsection 1.1, the “Administrative Agent”) for the Lenders hereunder and as collateral agent
(in such capacity and as further defined in Subsection 1.1, the “Collateral Agent”) for the Secured Parties
(as defined below).

 

The parties hereto hereby
agree as follows:

 

WITNESSETH:

 

WHEREAS, to consummate
the Refinancing (as defined below), the Borrower will enter into this Agreement to borrow term loans in an aggregate principal
amount of $415,000,000; and

 

WHEREAS, the cash proceeds
of the Term Loans made on the Closing Date hereunder, together with borrowings under the Senior ABL Facility and/or cash on hand,
will be used on the Closing Date to effect the Refinancing and to finance a portion of the other Transactions, including the payment
of fees and expenses relating thereto;

 

NOW, THEREFORE, in consideration
of the premises and the mutual agreements contained herein, the parties hereto agree as follows:

 

SECTION 1

 

Definitions

 

1.1           Defined
Terms. As used in this Agreement, the following terms shall have the following meanings:

 

“2009 Transaction
Documents”: collectively, (i) the Investment Agreement, dated as of August 14, 2009, between the Borrower and
the CD&R Investors, as amended on each of August 28, 2009, August 31, 2009, October 8, 2009 and October 16, 2009, (ii)
the CD&R Indemnification Agreement, (iii) the Stockholders Agreement, dated as of October 20, 2009, between the Borrower
and the CD&R Investors, (iv) the Registration Rights Agreement, dated as of October 20, 2009, between the Borrower and
the CD&R Investors, and (v) any agreement primarily providing for indemnification and/or contribution for the benefit
of any Permitted Holder in respect of liabilities resulting from, arising out of or in connection with, based upon or relating
to (a) any management consulting, financial advisory, financing, underwriting or placement services or other investment
banking activities to, for or in respect of any Parent Entity or any of its Subsidiaries, (b) any offering of securities
or other financing activity or arrangement of or by any Parent Entity or any of its Subsidiaries or (c) any action or failure
to act of or by any Parent Entity or any of its Subsidiaries (or any of their respective predecessors), in each case as the same
may be amended, supplemented, waived or otherwise modified from time to time in accordance with the terms thereof and of this Agreement.

 

     

     

    

 

“ABL Agent”:
Wells Fargo Bank, National Association, in its capacity as administrative agent and collateral agent under the ABL Facility Documents,
or any successor administrative agent or collateral agent under the ABL Facility Documents.

 

“ABL Collateral
Obligations”: the “ABL Collateral Obligations” as defined in the ABL/Term Loan Intercreditor Agreement or
the equivalent term in any Other Intercreditor Agreement.

 

“ABL Facility
Documents”: the “Loan Documents” as defined in the Senior ABL Agreement, as the same may be amended, supplemented,
waived, otherwise modified, extended, renewed, refinanced or replaced from time to time.

 

“ABL Facility
Loans”: the loans borrowed under the Senior ABL Facility.

 

“ABL Priority
Collateral”: as defined in the ABL/Term Loan Intercreditor Agreement whether or not the same remains in full force and
effect.

 

“ABL/Term Loan
Intercreditor Agreement”: the Intercreditor Agreement, dated as of the date hereof, between the Collateral Agent and
the ABL Agent (in its capacity as collateral agent under the ABL Facility Documents), and acknowledged by certain of the Loan Parties
substantially in the form attached hereto as Exhibit K, as the same may be further amended, supplemented, waived or otherwise modified
from time to time in accordance with the terms hereof and thereof.

 

“ABR Loans”:
Loans to which the rate of interest applicable is based upon the Alternate Base Rate.

 

“Accelerated”:
as defined in Subsection 9.1(e).

 

“Acceleration”:
as defined in Subsection 9.1(e).

 

“Acceptable
Discount”: as defined in Subsection 4.4(h)(iv)(2).

 

“Acceptable
Prepayment Amount”: as defined in Subsection 4.4(h)(iv)(3).

 

“Acceptance
and Prepayment Notice”: a written notice from the Borrower setting forth the Acceptable Discount pursuant to Subsection
4.4(h)(iv)(2) substantially in the form of Exhibit N.

 

“Acceptance
Date”: as defined in Subsection 4.4(h)(iv)(2).

 

“Acquired Indebtedness”:
Indebtedness of a Person (i) existing at the time such Person becomes a Subsidiary or (ii) assumed in connection
with the acquisition of assets from such Person, in each case other than Indebtedness Incurred in connection with, or in contemplation
of, such Person becoming a Subsidiary or such acquisition. Acquired Indebtedness shall be deemed to be Incurred on the date of
the related acquisition of assets from any Person or the date the acquired Person becomes a Subsidiary.

 

    	 	- 2 -	 

     

    

 

“Acquisition
Indebtedness”: Indebtedness of (A) the Borrower or any Restricted Subsidiary Incurred to finance or refinance,
or otherwise Incurred in connection with, any acquisition of any assets (including Capital Stock), business or Person, or any merger
or consolidation of any Person with or into the Borrower or any Restricted Subsidiary, or (B) any Person that is acquired
by or merged or consolidated with or into the Borrower or any Restricted Subsidiary (including Indebtedness thereof Incurred in
connection with any such acquisition, merger or consolidation).

 

“Additional
Agent”: as defined in the ABL/Term Loan Intercreditor Agreement, the Junior Lien Intercreditor Agreement or any Other
Intercreditor Agreement, as applicable.

 

“Additional
Assets”: (i) any property or assets that replace the property or assets that are the subject of an Asset Disposition;
(ii) any property or assets (other than Indebtedness and Capital Stock) used or to be used by the Borrower or a Restricted
Subsidiary or otherwise useful in a Related Business, and any capital expenditures in respect of any property or assets already
so used; (iii) the Capital Stock of a Person that is engaged in a Related Business and becomes a Restricted Subsidiary as
a result of the acquisition of such Capital Stock by the Borrower or another Restricted Subsidiary; or (iv) Capital Stock
of any Person that at such time is a Restricted Subsidiary acquired from a third party.

 

“Additional
Incremental Lender”: as defined in Subsection 2.6(b).

 

“Additional
Indebtedness”: as defined in the ABL/Term Loan Intercreditor Agreement, any Junior Lien Intercreditor Agreement or any
Other Intercreditor Agreement, as applicable.

 

“Additional
Obligations”: senior or subordinated Indebtedness (which Indebtedness may be (x) secured by a Lien ranking pari
passu to the Lien securing the First Lien Obligations, (y) secured by a Lien ranking junior to the Lien securing the First
Lien Obligations or (z) unsecured), including customary bridge financings, in each case issued or incurred by the Borrower
or a Guarantor, the terms of which Indebtedness (i) do not provide for a maturity date or weighted average life to maturity
earlier than the Initial Term Loan Maturity Date or shorter than the remaining weighted average life to maturity of the Initial
Term Loans, as the case may be (other than an earlier maturity date and/or shorter weighted average life to maturity (1)
for customary bridge financings, which, subject to customary conditions (as determined by the Borrower in good faith, which determination
shall be conclusive), would either be automatically converted into or required to be exchanged for permanent financing that does
not provide for an earlier maturity date or a shorter weighted average life to maturity than the Initial Term Loan Maturity Date
or the remaining weighted average life to maturity of the Initial Term Loans, as applicable or (2) pursuant to an escrow
or similar arrangement with respect to the proceeds of such Additional Obligations), (ii) to the extent such Indebtedness
is subordinated, provide for customary payment subordination to the Term Loan Facility Obligations under the Loan Documents as
determined by the Borrower in good faith, which determination shall be conclusive, and (iii) do not provide for any mandatory
repayment or redemption from the Net Cash Proceeds of Asset Dispositions (other than any Asset Disposition in respect of any assets,
business or Person the acquisition of which was financed, all or in part, with such Additional Obligations and the disposition
of which was contemplated by any definitive agreement in respect of such acquisition) or Recovery Events or from Excess Cash Flow,
to the extent the Net Cash Proceeds of such Asset Disposition or Recovery Event or such Excess Cash Flow are required to be applied
to repay the Initial Term Loans hereunder pursuant to Subsection 4.4(b), on more than a ratable basis with the Initial Term Loans
(after giving effect to any amendment in accordance with Subsection 11.1(d)(x)(vi)); provided that (a) other
than with respect to proceeds of such Additional Obligations that are subject to an escrow or similar arrangement and any related
deposit of cash, Cash Equivalents or Temporary Cash Investments to cover interest and premium in respect of such Additional Obligations,
such Indebtedness shall not be secured by any Lien on any asset of any Loan Party that does not also secure the Term Loan Facility
Obligations, or be guaranteed by any Person other than the Guarantors (it being understood that the primary obligation of an Escrow
Subsidiary shall not constitute a guarantee by a Person other than a Guarantor), and (b) if secured by Collateral, such
Indebtedness (and all related Obligations) shall be subject to the terms of the ABL/Term Loan Intercreditor Agreement (if such
Indebtedness and related Obligations constitute First Lien Obligations), any Junior Lien Intercreditor Agreement (if such Indebtedness
and related Obligations do not constitute First Lien Obligations) or an Other Intercreditor Agreement (if otherwise agreed by the
Administrative Agent and the Borrower).

 

    	 	- 3 -	 

     

    

 

“Additional
Obligations Documents”: any document or instrument (including any guarantee, security agreement or mortgage and which
may include any or all of the Loan Documents) issued or executed and delivered by any Loan Party or Escrow Subsidiary with respect
to any Additional Obligations or Rollover Indebtedness.

 

“Adjusted LIBOR
Rate”: with respect to any Borrowing of Eurodollar Loans for any Interest Period, an interest rate per annum determined
by the Administrative Agent to be equal to the higher of (a) (i) the LIBOR Rate for such Borrowing of Eurodollar
Loans in effect for such Interest Period divided by (ii) 1 minus the Statutory Reserves (if any) for such
Borrowing of Eurodollar Loans for such Interest Period and (b) solely with respect to the Initial Term Loans, 0.00%.

 

“Administrative
Agent”: as defined in the Preamble hereto and shall include any successor to the Administrative Agent appointed pursuant
to Subsection 10.9.

 

“Affected Eurodollar
Rate”: as defined in Subsection 4.7.

 

“Affected Loans”:
as defined in Subsection 4.9.

 

“Affiliate”:
as to any specified Person, any other Person, directly or indirectly, controlling or controlled by or under direct or indirect
common control with such specified Person. For the purposes of this definition, “control” when used with respect to
any Person means the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership
of voting securities, by contract or otherwise; and the terms “controlling” and “controlled”
have meanings correlative to the foregoing.

 

“Affiliate Transaction”:
as defined in Subsection 8.5(a).

 

    	 	- 4 -	 

     

    

 

“Affiliated
Debt Fund”: any Affiliated Lender that is primarily engaged in, or advises funds or other investment vehicles that are
engaged in, making, purchasing, holding or otherwise investing in commercial loans, notes, bonds and similar extensions of credit
or securities in the ordinary course, so long as (i) any such Affiliated Lender is managed as to day-to-day matters (but
excluding, for the avoidance of doubt, as to strategic direction and similar matters) independently from Sponsor and any Affiliate
of Sponsor that is not primarily engaged in the investing activities described above, (ii) any such Affiliated Lender has
in place customary information screens between it and Sponsor and any Affiliate of Sponsor that is not primarily engaged in the
investing activities described above, and (iii) neither the Borrower nor any of its Subsidiaries directs or causes the direction
of the investment policies of such entity.

 

“Affiliated
Lender”: any Lender that is a Permitted Affiliated Assignee.

 

“Affiliated
Lender Assignment and Assumption”: as defined in Subsection 11.6(h)(i)(1).

 

“Agent Default”:
an Agent has admitted in writing that it is insolvent or such Agent becomes subject to an Agent-Related Distress Event.

 

“Agent-Related
Distress Event”: with respect to any Agent (each, a “Distressed Person”), a voluntary or involuntary
case with respect to such Distressed Person under any debt relief law, or a custodian, conservator, receiver or similar official
is appointed for such Distressed Person or any substantial part of such Distressed Person’s assets, or such Distressed Person
makes a general assignment for the benefit of creditors or is otherwise adjudicated as, or determined by any Governmental Authority
having regulatory authority over such Distressed Person to be, insolvent or bankrupt, or such Distressed Person has become the
subject of a Bail-in Action; provided that an Agent-Related Distress Event shall not be deemed to have occurred solely by
virtue of the ownership or acquisition of any equity interests in any Agent or any person that directly or indirectly controls
such Agent by a Governmental Authority or an instrumentality thereof.

 

“Agents”:
the collective reference to the Administrative Agent and the Collateral Agent and “Agent” shall mean any of
them.

 

“Agreement”:
this Credit Agreement, as amended, supplemented, waived or otherwise modified, from time to time.

 

“Alternate Base
Rate”: for any day, a fluctuating rate per annum equal to the greatest of (a) the Base Rate in effect on such
day, (b) the Federal Funds Effective Rate in effect on such day plus 0.50% and (c) the Adjusted LIBOR
Rate for an Interest Period of one-month determined on such day (or if such day is not a Business Day, on the immediately preceding
Business Day) (determined as if the relevant ABR Loan were a Eurodollar Loan) plus 1.00%. If the Administrative Agent shall
have determined (which determination shall be conclusive absent manifest error) that it is unable to ascertain the Federal Funds
Effective Rate or the Adjusted LIBOR Rate for any reason, including the inability or failure of the Administrative Agent to obtain
sufficient quotations in accordance with the terms of the definition thereof, the Alternate Base Rate shall be determined without
regard to clause (b) or (c) above, as the case may be, of the immediately preceding sentence until the circumstances giving rise
to such inability no longer exist. Any change in the Alternate Base Rate due to a change in the Base Rate, the Federal Funds Effective
Rate or the Adjusted LIBOR Rate shall be effective on the effective date of such change in the Base Rate, the Federal Funds Effective
Rate or the Adjusted LIBOR Rate, respectively.

 

    	 	- 5 -	 

     

    

 

“Amendment”:
as defined in Subsection 8.3(c).

 

“Applicable
Discount”: as defined in Subsection 4.4(h)(iii)(2).

 

“Applicable
Margin”: in the case of the Initial Term Loans, (a) with respect to Eurodollar Loans, 2.00% per annum and (b) with
respect to ABR Loans, 1.00% per annum.

 

“Approved Fund”:
as defined in Subsection 11.6(b).

 

“Asset Disposition”:
any sale, lease, transfer or other disposition of shares of Capital Stock of a Restricted Subsidiary (other than directors’
qualifying shares, or (in the case of a Foreign Subsidiary) to the extent required by any applicable Requirement of Law), property
or other assets (each referred to for the purposes of this definition as a “disposition”) by the Borrower or
any of its Restricted Subsidiaries (including any disposition by means of a merger, consolidation or similar transaction) other
than (i) a disposition to the Borrower or a Restricted Subsidiary, (ii) a disposition in the ordinary course of business,
(iii) a disposition of Cash Equivalents, Investment Grade Securities or Temporary Cash Investments, (iv) the sale
or discount (with or without recourse, and on customary or commercially reasonable terms, as determined by the Borrower in good
faith, which determination shall be conclusive) of accounts receivable or notes receivable arising in the ordinary course of business,
or the conversion or exchange of accounts receivable for notes receivable, (v) any Restricted Payment Transaction, (vi)
a disposition that is governed by Subsection 8.7, (vii) any Financing Disposition, (viii) any “fee in
lieu” or other disposition of assets to any Governmental Authority that continue in use by the Borrower or any Restricted
Subsidiary, so long as the Borrower or any Restricted Subsidiary may obtain title to such assets upon reasonable notice by paying
a nominal fee, (ix) any exchange of property pursuant to or intended to qualify under Section 1031 (or any successor section)
of the Code, or any exchange of equipment to be leased, rented or otherwise used in a Related Business, (x) any financing
transaction with respect to property built or acquired by the Borrower or any Restricted Subsidiary after the Closing Date, including
without limitation any sale/leaseback transaction or asset securitization, (xi) any disposition arising from foreclosure,
condemnation, eminent domain or similar action with respect to any property or other assets, or exercise of termination rights
under any lease, license, concession or other agreement, or necessary or advisable (as determined by the Borrower in good faith,
which determination shall be conclusive) in order to consummate any acquisition of any Person, business or assets, or pursuant
to buy/sell arrangements under any joint venture or similar agreement or arrangement, (xii) except for purposes of calculating
Net Available Cash for any such disposition for purposes of Subsection 8.4(b), any disposition of non-core assets acquired
in connection with any acquisition of any Person, business or assets or any Investment, (xiii) any disposition of Capital
Stock, Indebtedness or other securities of an Unrestricted Subsidiary, (xiv) a disposition of Capital Stock of a Restricted
Subsidiary pursuant to an agreement or other obligation with or to a Person (other than the Borrower or a Restricted Subsidiary)
from whom such Restricted Subsidiary was acquired, or from whom such Restricted Subsidiary acquired its business and assets (having
been newly formed in connection with such acquisition), entered into in connection with such acquisition, (xv) a disposition
of not more than 5.00% of the outstanding Capital Stock of a Foreign Subsidiary that has been approved by the Board of Directors,
(xvi) any disposition or series of related dispositions for aggregate consideration not to exceed the greater of $15.0 million
and 9.0% of Consolidated Four Quarter EBITDA (as of the date on which a binding commitment for such disposition was entered into),
(xvii) the abandonment or other disposition of patents, trademarks or other intellectual property that are, in the good
faith determination of the Borrower, which determination shall be conclusive, no longer economically practicable to maintain or
useful in the conduct of the business of the Borrower and its Subsidiaries taken as a whole, (xviii) any license, sublicense
or other grant of right in or to any trademark, copyright, patent or other intellectual property, (xix) any Exempt Sale
and Leaseback Transaction, (xx) the creation or granting of any Lien permitted under this Agreement or (xxi) any
sale of property or assets, if the acquisition of such property or assets was financed with Excluded Contributions.

 

    	 	- 6 -	 

     

    

 

“Assignee”:
as defined in Subsection 11.6(b)(i).

 

“Assignment
and Acceptance”: an Assignment and Acceptance, substantially in the form of Exhibit E hereto.

 

“Bail-In Action”:
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”:
with respect to any EEA Member Country implementing Article 55 of the Bank Recovery and Resolution Directive, the implementing
law for such EEA Member Country from time to time which is described in the EU Bail-In Legislation Schedule.

 

“Bank Products
Agreement”: any agreement pursuant to which a bank or other financial institution or other Person agrees to provide (a)
treasury services, (b) credit card, debit card, merchant card, purchasing card, stored value card, non-card electronic payable
or other similar services (including, without limitation, the processing of payments and other administrative services with respect
thereto), (c) cash management or related services (including, without limitation, controlled disbursements, automated clearinghouse
transactions, return items, netting, overdrafts, depository, lockbox, stop payment, electronic funds transfer, information reporting,
wire transfer and interstate depository network services) and (d) other banking, financial or treasury products or services
as may be requested by the Borrower or any Restricted Subsidiary (other than letters of credit and other than loans and advances
except indebtedness arising from services described in clauses (a) through (c) of this definition), including, for the avoidance
of doubt, bank guarantees.

 

“Bank Products
Obligations”: of any Person means the obligations of such Person pursuant to any Bank Products Agreement.

 

“Bank Recovery
and Resolution Directive”: Directive 2014/59/EU of the European Parliament and of the Council of the European Union.

 

“Bankruptcy
Proceeding”: as defined in Subsection 11.6(h)(iv).

 

    	 	- 7 -	 

     

    

 

“Base Rate”:
for any day, a rate per annum that is equal to the corporate base rate of interest established by the Administrative Agent as its
“prime rate” in effect at its principal office in New York City on such day; each change in the Base Rate shall be
effective on the date such change is effective. The corporate base rate is not necessarily the lowest rate charged by the Administrative
Agent to its customers.

 

“Benefited Lender”:
as defined in Subsection 11.7(a).

 

“Board”:
the Board of Governors of the Federal Reserve System.

 

“Board of Directors”:
for any Person, the board of directors or other governing body of such Person or, if such Person does not have such a board of
directors or other governing body and is owned or managed by a single entity, the board of directors or other governing body of
such entity, or, in either case, any committee thereof duly authorized to act on behalf of such board of directors or other governing
body. Unless otherwise provided, “Board of Directors” means the Board of Directors of the Borrower.

 

“Borrower”:
as defined in the Preamble hereto.

 

“Borrower Offer
of Specified Discount Prepayment”: the offer by the Borrower to make a voluntary prepayment of Term Loans at a specified
discount to par pursuant to Subsection 4.4(h)(ii).

 

“Borrower Solicitation
of Discount Range Prepayment Offers”: the solicitation by the Borrower of offers for, and the corresponding acceptance,
if any, by a Lender of, a voluntary prepayment of Term Loans at a specified range at a discount to par pursuant to Subsection 4.4(h)(iii).

 

“Borrower Solicitation
of Discounted Prepayment Offers”: the solicitation by the Borrower of offers for, and the subsequent acceptance, if any,
by a Lender of a voluntary prepayment of Term Loans at a discount to par pursuant to Subsection 4.4(h)(iv).

 

“Borrowing”:
the borrowing of one Type of Loans of a given Tranche from all the Lenders having Initial Term Loan Commitments or other commitments
under such Tranche, as the case may be, on a given date (or resulting from a conversion or conversions on such date) having, in
the case of Eurodollar Loans, the same Interest Period.

 

“Borrowing Base”:
the sum of (1) 90.0% of the book value of Inventory of the Borrower and its Restricted Subsidiaries, (2) 90.0% of
the book value of Receivables of the Borrower and its Restricted Subsidiaries and (3) cash, Cash Equivalents and Temporary
Cash Investments of the Borrower and its Restricted Subsidiaries (in each case, determined as of the end of the most recently ended
fiscal month of the Borrower for which internal consolidated financial statements of the Borrower are available, and, in the case
of any determination relating to any Incurrence of Indebtedness, on a pro forma basis including (x) any property or assets
of a type described above acquired since the end of such fiscal month and (y) any property or assets of a type described
above being acquired in connection therewith).

 

    	 	- 8 -	 

     

    

 

“Borrowing Date”:
any Business Day specified in a notice pursuant to Subsection 2.3 as a date on which the Borrower requests the Lenders
to make Loans hereunder.

 

“Business Day”:
a day other than a Saturday, Sunday or other day on which commercial banks in New York, New York are authorized or required by
law to close, except that, when used in connection with a Eurodollar Loan, “Business Day” shall mean any Business Day
on which dealings in Dollars between banks may be carried on in London, England and New York, New York.

 

“Capital Expenditures”:
for any period, the aggregate of all expenditures (whether paid in cash or accrued as liabilities and including in all events all
amounts expended or capitalized under leases evidencing Financing Lease Obligations) by the Borrower and the Restricted Subsidiaries
during such period that, in conformity with GAAP, are or are required to be included as capital expenditures on a consolidated
statement of cash flows of the Borrower and its Restricted Subsidiaries.

 

“Capital Stock”:
as to any Person, any and all shares or units of, rights to purchase, warrants or options for, or other equivalents of or interests
in (however designated) equity of such Person, including any Preferred Stock, but excluding any debt securities convertible into
such equity.

 

“Captive Insurance
Subsidiary”: any Subsidiary of the Borrower that is subject to regulation as an insurance company (or any Subsidiary
thereof).

 

“Cash Capped
Incremental Facility”: as defined in the definition of “Maximum Incremental Facilities Amount”.

 

“Cash Equivalents”:
any of the following: (a) money, (b) securities issued or fully guaranteed or insured by the United States of America,
Canada, the United Kingdom, Switzerland or a member state of the European Union or any agency or instrumentality of any thereof,
(c) time deposits, certificates of deposit or bankers’ acceptances of (i) any bank or other institutional lender
under this Agreement or the Senior ABL Facility or any affiliate thereof or (ii) any commercial bank having capital and
surplus in excess of $250 million (or the foreign currency equivalent thereof as of the date of such investment) and the commercial
paper of the holding company of which is rated at least A-2 or the equivalent thereof by S&P or at least P-2 or the equivalent
thereof by Moody’s (or, if at such time neither is issuing ratings, a comparable rating of another nationally recognized
rating agency), (d) repurchase obligations with a term of not more than seven days for underlying securities of the types
described in clauses (b) and (c) above entered into with any financial institution meeting the qualifications specified in clause
(c)(i) or (c)(ii) above, (e) money market instruments, commercial paper or other short-term obligations rated at least A-2
or the equivalent thereof by S&P or at least P-2 or the equivalent thereof by Moody’s (or, if at such time neither is
issuing ratings, a comparable rating of another nationally recognized rating agency), (f) investments in money market funds
subject to the risk limiting conditions of Rule 2a-7 or any successor rule of the SEC under the Investment Company Act of 1940,
as amended, (g) investment funds investing at least 90.0% of their assets in cash equivalents of the types described in
clauses (a) through (f) above (which funds may also hold cash pending investment and/or distribution), (h) investments similar
to any of the foregoing denominated in foreign currencies approved by the Board of Directors, and (i) solely with respect
to any Captive Insurance Subsidiary, any investment that any such Person is permitted to make in accordance with applicable law.

 

    	 	- 9 -	 

     

    

 

“CD&R”:
Clayton, Dubilier & Rice, LLC and any successor in interest thereto, and any successor to its investment management business.

 

“CD&R Fund
VIII”: Clayton, Dubilier & Rice Fund VIII, L.P., a Cayman Islands exempted limited partnership, and any successor
in interest thereto.

 

“CD&R Indemnification
Agreement”: the Indemnification Agreement, dated as of October 20, 2009, between the Borrower and the CD&R Investors,
as amended, supplemented, waived or otherwise modified from time to time.

 

“CD&R Investors”:
collectively, (i) CD&R Fund VIII, (ii) CD&R Friends & Family Fund VIII, L.P., a Cayman Islands exempted
limited partnership, and any successor in interest thereto, and (iii) any Affiliate of any CD&R Investor identified
in clause (i) through (ii) of this definition.

 

“Change in Law”:
as defined in Subsection 4.11(a).

 

“Change of Control”:
(i) (x) the Permitted Holders shall in the aggregate be the “beneficial owner” (as defined in Rules 13d-3
and 13d-5 under the Exchange Act as in effect on the Closing Date) of (A) so long as the Borrower is a Subsidiary of any
Parent Entity, shares or units of Voting Stock having less than 35.0% of the total voting power of all outstanding shares of such
Parent Entity (other than a Parent Entity that is a Subsidiary of another Parent Entity) and (B) if the Borrower is not
a Subsidiary of any Parent Entity, shares or units of Voting Stock having less than 35.0% of the total voting power of all outstanding
shares of the Borrower and (y) any “person” or “group” (as such terms are used in Sections 13(d)
and 14(d) of the Exchange Act as in effect on the Closing Date), other than one or more Permitted Holders, shall be the “beneficial
owner” of (A) so long as the Borrower is a Subsidiary of any Parent Entity, shares or units of Voting Stock having
more than 35.0% of the total voting power of all outstanding shares of such Parent Entity (other than a Parent Entity that is a
Subsidiary of another Parent Entity) and (B) if the Borrower is not a Subsidiary of any Parent Entity, shares or units of
Voting Stock having more than 35.0% of the total voting power of all outstanding shares of the Borrower; or (ii) a “Change
of Control” as defined in the Senior ABL Agreement. Notwithstanding anything to the contrary in the foregoing, the Transactions
shall not constitute or give rise to a Change of Control.

 

“Change of Control
Offer”: as defined in Subsection 8.8(a).

 

“Claim”:
as defined in Subsection 11.6(h)(iv).

 

“Closing Date”:
the date on which all the conditions precedent set forth in Subsection 6.1 shall be satisfied or waived.

 

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

 

    	 	- 10 -	 

     

    

 

“Collateral”:
all assets of the Loan Parties, now owned or hereafter acquired, upon which a Lien is purported to be created by any Security Document.

 

“Collateral
Agent”: as defined in the Preamble hereto and shall include any successor to the Collateral Agent appointed pursuant
to Subsection 10.9.

 

“Collateral
Representative”: (i) in respect of the ABL/Term Loan Intercreditor Agreement, the ABL Collateral Representative
(as defined therein) and the Term Loan Collateral Representative (as defined therein), (ii) if any Junior Lien Intercreditor
Agreement is then in effect, the Senior Priority Representative (as defined therein) and (iii) if any Other Intercreditor
Agreement is then in effect, the Person acting as representative for the Collateral Agent and the Secured Parties thereunder for
the applicable purpose contemplated by this Agreement and the Guarantee and Collateral Agreement.

 

“Commitment”:
as to any Lender, such Lender’s Initial Term Loan Commitments and Incremental Commitments, as the context requires.

 

“Commodities
Agreement”: in respect of a Person, any commodity futures contract, forward contract, option or similar agreement or
arrangement (including derivative agreements or arrangements), as to which such Person is a party or beneficiary.

 

“Commonly Controlled
Entity”: an entity, whether or not incorporated, that is under common control with the Borrower within the meaning of
Section 4001 of ERISA or is part of a group that includes the Borrower and that 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 Sections 414(m) and (o) of the Code.

 

“Compliance
Certificate”: as defined in Subsection 7.2(a).

 

“Conduit Lender”:
any special purpose corporation organized and administered by any Lender for the purpose of making Loans otherwise required to
be made by such Lender and designated by such Lender in a written instrument delivered to the Administrative Agent (a copy of which
shall be provided by the Administrative Agent to the Borrower on request); provided that the designation by any Lender of
a Conduit Lender shall not relieve the designating Lender of any of its obligations under this Agreement, including its obligation
to fund a Term Loan if, for any reason, its Conduit Lender fails to fund any such Loan, and the designating Lender (and not the
Conduit Lender) shall have the sole right and responsibility to deliver all consents and waivers required or requested under this
Agreement with respect to its Conduit Lender, and provided, further, that no Conduit Lender shall (a) be entitled
to receive any greater amount pursuant to any provision of this Agreement, including without limitation Subsection 4.10,
4.11, 4.12 or 11.5, than the designating Lender would have been entitled to receive in respect of the extensions
of credit made by such Conduit Lender if such designating Lender had not designated such Conduit Lender hereunder, (b) be
deemed to have any Commitment or (c) be designated if such designation would otherwise increase the costs of any Facility
or Tranche to the Borrower.

 

    	 	- 11 -	 

     

    

 

“Consolidated
Coverage Ratio”: as of any date of determination, the ratio of (i) the aggregate amount of Consolidated EBITDA
for the period of the most recent four consecutive fiscal quarters ending prior to the date of such determination for which consolidated
financial statements of the Borrower are available to (ii) Consolidated Interest Expense for such four fiscal quarters;
provided that

 

(1)         if,
since the beginning of such period, the Borrower or any Restricted Subsidiary has Incurred any Indebtedness or the Borrower has
issued any Designated Preferred Stock that remains outstanding on such date of determination or if the transaction giving rise
to the need to calculate the Consolidated Coverage Ratio is an Incurrence of Indebtedness by the Borrower or any Restricted Subsidiary
or an issuance of Designated Preferred Stock of the Borrower, Consolidated EBITDA and Consolidated Interest Expense for such period
shall be calculated after giving effect on a pro forma basis to such Indebtedness or Designated Preferred Stock as if such Indebtedness
or Designated Preferred Stock had been Incurred on the first day of such period (except that in making such computation, the amount
of Indebtedness under any revolving credit facility outstanding on the date of such calculation shall be computed based on (A)
the average daily balance of such Indebtedness during such four fiscal quarters or such shorter period for which such facility
was outstanding or (B) if such facility was created after the end of such four fiscal quarters, the average daily balance
of such Indebtedness during the period from the date of creation of such facility to the date of such calculation); provided
that, in the case of both of clauses (A) and (B), the Senior ABL Facility as of the Closing Date shall be treated as if it were
in place for any fiscal quarter (or portion thereof) ending prior to the Closing Date, and the daily balance of Indebtedness thereunder
for any date prior to the Closing Date shall be deemed to be $0),

 

(2)         if,
since the beginning of such period, the Borrower or any Restricted Subsidiary has repaid, repurchased, redeemed, defeased or otherwise
acquired, retired or discharged any Indebtedness , or any Designated Preferred Stock of the Borrower, that is no longer outstanding
on such date of determination (each, a “Discharge”) or if the transaction giving rise to the need to calculate
the Consolidated Coverage Ratio involves a Discharge of Indebtedness (in each case other than Indebtedness Incurred under any revolving
credit facility unless such Indebtedness has been repaid with an equivalent permanent reduction in commitments thereunder) or a
Discharge of Designated Preferred Stock of the Borrower, Consolidated EBITDA and Consolidated Interest Expense for such period
shall be calculated after giving effect on a pro forma basis to such Discharge of such Indebtedness or Designated Preferred Stock,
including with the proceeds of such new Indebtedness or such new Designated Preferred Stock of the Borrower, as if such Discharge
had occurred on the first day of such period,

 

(3)         if,
since the beginning of such period, the Borrower or any Restricted Subsidiary shall have disposed of any company, any business
or any group of assets constituting an operating unit of a business, including any such disposition occurring in connection with
a transaction causing a calculation to be made hereunder, or designated any Restricted Subsidiary as an Unrestricted Subsidiary
(any such disposition or designation, a “Sale”), the Consolidated EBITDA for such period shall be reduced by
an amount equal to the Consolidated EBITDA (if positive) attributable to the company, business, group of assets or Subsidiary that
are the subject of such Sale for such period or increased by an amount equal to the Consolidated EBITDA (if negative) attributable
thereto for such period and Consolidated Interest Expense for such period shall be reduced by an amount equal to (A) the
Consolidated Interest Expense attributable to any Indebtedness of the Borrower or any Restricted Subsidiary repaid, repurchased,
redeemed, defeased or otherwise acquired, retired or discharged with respect to the Borrower and its continuing Restricted Subsidiaries
in connection with such Sale for such period (including but not limited to through the assumption of such Indebtedness by another
Person) plus (B) if the Capital Stock of any Restricted Subsidiary is disposed of in such Sale or any Restricted Subsidiary
is designated as an Unrestricted Subsidiary, the Consolidated Interest Expense for such period attributable to the Indebtedness
of such Restricted Subsidiary to the extent the Borrower and its continuing Restricted Subsidiaries are no longer liable for such
Indebtedness after such Sale,

 

    	 	- 12 -	 

     

    

 

(4)         if,
since the beginning of such period, the Borrower or any Restricted Subsidiary (by merger, consolidation or otherwise) shall have
made an Investment in any Person that thereby becomes a Restricted Subsidiary, or otherwise acquired any company, any business
or any group of assets constituting an operating unit of a business, including any such Investment or acquisition occurring in
connection with a transaction causing a calculation to be made hereunder, or designated any Unrestricted Subsidiary as a Restricted
Subsidiary (any such Investment, acquisition or designation, a “Purchase”), Consolidated EBITDA and Consolidated
Interest Expense for such period shall be calculated after giving pro forma effect thereto (including the Incurrence of any related
Indebtedness) as if such Purchase occurred on the first day of such period, and

 

(5)         if,
since the beginning of such period, any Person became a Restricted Subsidiary or was merged or consolidated with or into the Borrower
or any Restricted Subsidiary, and since the beginning of such period such Person shall have Discharged any Indebtedness or made
any Sale or Purchase that would have required an adjustment pursuant to clause (2), (3) or (4) above if made by the Borrower or
a Restricted Subsidiary since the beginning of such period, Consolidated EBITDA and Consolidated Interest Expense for such period
shall be calculated after giving pro forma effect thereto as if such Discharge, Sale or Purchase occurred on the first day of such
period;

 

provided that (in the event that
the Borrower shall classify Indebtedness Incurred on the date of determination as Incurred in part under Subsection 8.1(a)
and in part under Subsection 8.1(b), as provided in Subsection 8.1(c)(iii)) any such pro forma calculation of
Consolidated Interest Expense shall not give effect to any such Incurrence of Indebtedness on the date of determination pursuant
to Subsection 8.1(b) (other than, if the Borrower at its option has elected to disregard Indebtedness being Incurred on
the date of determination in part under Subsection 8.1(a) for purposes of calculating the Consolidated Total Leverage Ratio
for Incurring Indebtedness on the date of determination in part under Subsection 8.1(b)(x) or (xvii), Subsection
8.1(b)(x) or (xvii)) or to any Discharge of Indebtedness from the proceeds of any such Incurrence pursuant to such Subsection
8.1(b) (other than Subsection 8.1(b)(x) and (xvii), if the Incurrence of Indebtedness under Subsection 8.1(b)(x)
or (xvii), as applicable, is being given effect to in the calculation of the Consolidated Coverage Ratio).

 

    	 	- 13 -	 

     

    

 

For purposes of this
definition, whenever pro forma effect is to be given to any Sale, Purchase or other transaction, or the amount of income or earnings
relating thereto and the amount of Consolidated Interest Expense associated with any Indebtedness Incurred, Designated Preferred
Stock issued, or Indebtedness or Designated Preferred Stock repaid, repurchased, redeemed, defeased or otherwise acquired, retired
or discharged in connection therewith, the pro forma calculations in respect thereof (including without limitation in respect of
anticipated cost savings or synergies relating to any such Sale, Purchase or other transaction) shall be as determined in good
faith by the Chief Financial Officer or a Responsible Officer of the Borrower, which determination shall be conclusive; provided
that with respect to cost savings or synergies relating to any Sale, Purchase or other transaction, the related actions are expected
by the Borrower to be taken no later than 24 months after the date of determination. If any Indebtedness bears a floating rate
of interest and is being given pro forma effect, the interest expense on such Indebtedness shall be calculated as if the rate in
effect on the date of determination had been the applicable rate for the entire period (taking into account any Interest Rate Agreement
applicable to such Indebtedness). If any Indebtedness bears, at the option of the Borrower or a Restricted Subsidiary, a rate of
interest based on a prime or similar rate, a eurocurrency interbank offered rate or other fixed or floating rate, and such Indebtedness
is being given pro forma effect, the interest expense on such Indebtedness shall be calculated by applying such optional rate as
the Borrower or such Restricted Subsidiary may designate. If any Indebtedness that is being given pro forma effect was Incurred
under a revolving credit facility, the interest expense on such Indebtedness shall be computed based upon the average daily balance
of such Indebtedness during the applicable period; provided that, in the case of the Senior ABL Facility as of the Closing
Date, such facility shall be treated as if it were in place for any fiscal quarter (or portion thereof) ending prior to the Closing
Date, and the daily balance of Indebtedness thereunder for any date prior to the Closing Date shall be deemed to be $0. Interest
on a Financing Lease Obligation shall be deemed to accrue at an interest rate determined in good faith by a responsible financial
or accounting officer of the Borrower (which determination shall be conclusive) to be the rate of interest implicit in such Financing
Lease Obligation in accordance with GAAP.

 

“Consolidated
EBITDA”: for any period, the Consolidated Net Income for such period, plus (x) the following to the extent
deducted in calculating such Consolidated Net Income, without duplication: (i) provision for all taxes (whether or not paid,
estimated or accrued) based on income, profits or capital (including penalties and interest, if any), (ii) Consolidated
Interest Expense, all items excluded from the definition of Consolidated Interest Expense pursuant to clause (iii) thereof (other
than Special Purpose Financing Expense), any Special Purpose Financing Fees, and to the extent not reflected in Consolidated Interest
Expense, costs of surety bonds in connection with financing activities, (iii) depreciation, (iv) amortization
(including but not limited to amortization of goodwill and intangibles and amortization and write-off of financing costs), (v)
any non-cash charges or non-cash losses, (vi) any expenses or charges related to any equity offering, Investment or
Indebtedness permitted by this Agreement (whether or not consummated or Incurred, and including any offering or sale of Capital
Stock of a Parent Entity to the extent the proceeds thereof were contributed, or if not consummated, were intended to be contributed
to the equity capital of the Borrower or any of its Restricted Subsidiaries), (vii) the amount of any loss attributable
to non-controlling interests, (viii) all deferred financing costs written off and premiums paid in connection with any early
extinguishment of Indebtedness or Hedging Obligations or other derivative instruments, and (ix) any management, monitoring,
consulting and advisory fees and related expenses paid to any of CD&R and its Affiliates, plus (y) the amount
of net cost savings projected by the Borrower in good faith to be realized as the result of actions taken or to be taken on or
prior to the Closing Date or within 24 months of the Closing Date in connection with the Transactions, or within 24 months of the
initiation or consummation of any operational change, or within 24 months of the consummation of any applicable acquisition or
cessation of operations (in each case, calculated on a pro forma basis as though such cost savings had been realized on the first
day of such period), net of the amount of actual benefits realized during such period from such actions (which adjustments may
be incremental to pro forma adjustments made pursuant to the proviso to the definition of “Consolidated Coverage Ratio,”
“Consolidated Secured Leverage Ratio” or “Consolidated Total Leverage Ratio”).

 

    	 	- 14 -	 

     

    

 

“Consolidated
Four Quarter EBITDA”: as of any date of determination, the aggregate amount of Consolidated EBITDA for the period of
the most recent four consecutive Fiscal Quarters of the Borrower ending prior to the date of such determination for which consolidated
financial statements of the Borrower are available (determined for any fiscal quarter (or portion thereof) ending prior to the
Closing Date, on a pro forma basis to give effect to the Transactions as if they had occurred at the beginning of such four quarter
period), provided that:

 

(1)         if,
since the beginning of such period, the Borrower or any Restricted Subsidiary shall have made a Sale (including any Sale occurring
in connection with a transaction causing a calculation to be made hereunder), the Consolidated EBITDA for such period shall be
reduced by an amount equal to the Consolidated EBITDA (if positive) attributable to the company, business, group of assets or Subsidiary
that is the subject of such Sale for such period or increased by an amount equal to the Consolidated EBITDA (if negative) attributable
thereto for such period;

 

(2)         if,
since the beginning of such period, the Borrower or any Restricted Subsidiary (by merger, consolidation or otherwise) shall have
made a Purchase (including any Purchase occurring in connection with a transaction causing a calculation to be made hereunder),
Consolidated EBITDA for such period shall be calculated after giving pro forma effect thereto as if such Purchase occurred on the
first day of such period; and

 

(3)         if,
since the beginning of such period, any Person became a Restricted Subsidiary or was merged or consolidated with or into the Borrower
or any Restricted Subsidiary, and since the beginning of such period such Person shall have made any Sale or Purchase that would
have required an adjustment pursuant to clause (1) or (2) above if made by the Borrower or a Restricted Subsidiary since the beginning
of such period, Consolidated EBITDA for such period shall be calculated after giving pro forma effect thereto as if such Sale or
Purchase occurred on the first day of such period.

 

For purposes of this
definition, whenever pro forma effect is to be given to any Sale, Purchase or other transaction, or the amount of income or earnings
relating thereto, the pro forma calculations in respect thereof (including, without limitation, in respect of anticipated cost
savings or synergies relating to any such Sale, Purchase or other transaction) shall be as determined in good faith by the Chief
Financial Officer or another authorized Officer of the Borrower, which determination shall be conclusive; provided that
with respect to cost savings or synergies relating to any Sale, Purchase or other transaction, the related actions are expected
by the Borrower to be taken no later than 24 months after the date of determination.

 

    	 	- 15 -	 

     

    

 

“Consolidated
Interest Expense”: for any period, (i) the total interest expense of the Borrower and its Restricted Subsidiaries
to the extent deducted in calculating Consolidated Net Income, net of any interest income of the Borrower and its Restricted Subsidiaries,
including without limitation, any such interest expense consisting of (A) interest expense attributable to Financing Lease
Obligations (excluding, for the avoidance of doubt, any lease, rental or other expense in connection with a lease that is not a
Financing Lease), (B) amortization of debt discount, (C) interest in respect of Indebtedness of any other Person
that has been Guaranteed by the Borrower or any Restricted Subsidiary, but only to the extent that such interest is actually paid
by the Borrower or any Restricted Subsidiary, (D) non-cash interest expense, (E) the interest portion of any deferred
payment obligation, and (F) commissions, discounts and other fees and charges owed with respect to letters of credit and
bankers’ acceptance financing, plus (ii) Preferred Stock dividends paid in cash in respect of Disqualified
Stock of the Borrower held by Persons other than the Borrower or a Restricted Subsidiary or in respect of Designated Preferred
Stock of the Borrower pursuant to Subsection 8.2(b)(xi)(A), minus (iii) to the extent otherwise included in
such interest expense referred to in clause (i) above, Special Purpose Financing Expense, accretion or accrual of discounted liabilities
not constituting Indebtedness, expense resulting from discounting of Indebtedness in conjunction with recapitalization or purchase
accounting, any “additional interest” in respect of registration rights arrangements for any securities, amortization
or write-off of financing costs, and any expensing of bridge, commitment or other financing fees, in each case under clauses (i)
through (iii) above as determined on a Consolidated basis in accordance with GAAP; provided that gross interest expense
shall be determined after giving effect to any net payments made or received by the Borrower and its Restricted Subsidiaries with
respect to Interest Rate Agreements.

 

“Consolidated
Net Income”: for any period, the net income (loss) of the Borrower and its Restricted Subsidiaries, determined on a Consolidated
basis in accordance with GAAP and before any reduction in respect of Preferred Stock dividends; provided that, without duplication,
there shall not be included in such Consolidated Net Income:

 

(i)          any
net income (loss) of any Person if such Person is not the Borrower or a Restricted Subsidiary, except that (A) the Borrower’s
or any Restricted Subsidiary’s net income for such period shall be increased by the aggregate amount actually dividended
or distributed or that (as determined by the Borrower in good faith, which determination shall be conclusive) could have been dividended
or distributed by such Person during such period to the Borrower or a Restricted Subsidiary as a dividend or other distribution
(subject, in the case of a dividend or other distribution to a Restricted Subsidiary, to the limitations contained in clause (ii)
below), to the extent not already included therein, and (B) the Borrower’s or any Restricted Subsidiary’s equity
in the net loss of such Person shall be included to the extent of the aggregate Investment of the Borrower or any of its Restricted
Subsidiaries in such Person,

 

    	 	- 16 -	 

     

    

 

(ii)         solely
for purposes of determining the amount available for Restricted Payments under Subsection 8.2(a)(3)(A) and Excess Cash Flow,
any net income (or loss) of any Restricted Subsidiary that is not a Subsidiary Guarantor if such Restricted Subsidiary is subject
to restrictions, directly or indirectly, on the payment of dividends or the making of similar distributions by such Restricted
Subsidiary, directly or indirectly, to the Borrower by operation of the terms of such Restricted Subsidiary’s charter or
any agreement, instrument, judgment, decree, order, statute or governmental rule or regulation applicable to such Restricted Subsidiary
or its stockholders (other than (x) restrictions that have been waived or otherwise released, (y) restrictions pursuant
to this Agreement or the other Loan Documents or the ABL Facility Documents, and (z) restrictions in effect on the Closing
Date with respect to a Restricted Subsidiary and other restrictions with respect to such Restricted Subsidiary that taken as a
whole are not materially less favorable to the Lenders than such restrictions in effect on the Closing Date as determined by the
Borrower in good faith, which determination shall be conclusive), except that (A) the Borrower’s equity in the net
income of any such Restricted Subsidiary for such period shall be included in such Consolidated Net Income up to the aggregate
amount of any dividend or distribution that was or that (as determined by the Borrower in good faith, which determination shall
be conclusive) could have been made by such Restricted Subsidiary during such period to the Borrower or another Restricted Subsidiary
(subject, in the case of a dividend that could have been made to another Restricted Subsidiary, to the limitation contained in
this clause (ii)) and (B) the net loss of such Restricted Subsidiary shall be included to the extent of the aggregate Investment
of the Borrower or any of its other Restricted Subsidiaries in such Restricted Subsidiary,

 

(iii)        (x)
any gain or loss realized upon the sale, abandonment or other disposition of any asset of the Borrower or any Restricted Subsidiary
(including pursuant to any sale/leaseback transaction) that is not sold, abandoned or otherwise disposed of in the ordinary course
of business (as determined by the Borrower in good faith, which determination shall be conclusive) and (y) any gain or loss
realized upon the disposal, abandonment or discontinuation of operations of the Borrower or any Restricted Subsidiary,

 

(iv)         any
extraordinary, unusual or nonrecurring gain, loss or charge (including fees, expenses and charges (or any amortization thereof)
associated with the Transactions or any acquisition, merger or consolidation, whether or not completed), any severance, relocation,
consolidation, closing, integration, facilities opening, business optimization, transition or restructuring costs, charges or expenses,
any signing, retention or completion bonuses, and any costs associated with curtailments or modifications to pension and post-retirement
employee benefit plans,

 

(v)          the
cumulative effect of a change in accounting principles,

 

(vi)         all
deferred financing costs written off and premiums paid in connection with any early extinguishment of Indebtedness or Hedging Obligations
or other derivative instruments,

 

(vii)        any
unrealized gains or losses in respect of Hedge Agreements,

 

    	 	- 17 -	 

     

    

 

(viii)      any
unrealized foreign currency translation or transaction gains or losses, including in respect of Indebtedness of any Person denominated
in a currency other than the functional currency of such Person,

 

(ix)         any
non-cash compensation charge arising from any grant of limited liability company interests, stock, stock options or other equity
based awards,

 

(x)          to
the extent otherwise included in Consolidated Net Income, any unrealized foreign currency translation or transaction gains or losses,
including in respect of Indebtedness or other obligations of the Borrower or any Restricted Subsidiary owing to the Borrower or
any Restricted Subsidiary,

 

(xi)         any
non-cash charge, expense or other impact attributable to application of the purchase or recapitalization method of accounting (including
the total amount of depreciation and amortization, cost of sales or other non-cash expense resulting from the write-up of assets
to the extent resulting from such purchase or recapitalization accounting adjustments), non-cash charges for deferred tax valuation
allowances and non-cash gains, losses, income and expenses resulting from fair value accounting required by the applicable standard
under GAAP,

 

(xii)        any
impairment charge or asset write-off, including any charge or write-off related to intangible assets, long-lived assets or investments
in debt and equity securities, and any amortization of intangibles,

 

(xiii)      expenses
related to the conversion of various employee benefit programs in connection with the Transactions, and non-cash compensation related
expenses,

 

(xiv)        any
fees and expenses (or amortization thereof), and any charges or costs, in connection with any acquisition, Investment, Asset Disposition,
issuance of Capital Stock, issuance, repayment or refinancing of Indebtedness, or amendment or modification of any agreement or
instrument relating to any Indebtedness (in each case, whether or not completed, and including any such transaction consummated
prior to the Closing Date),

 

(xv)         to
the extent covered by insurance and actually reimbursed (or the Borrower has determined that there exists reasonable evidence that
such amount will be reimbursed by the insurer and such amount is not denied by the applicable insurer in writing within 180 days
and is reimbursed within 365 days of the date of such evidence (with a deduction in any future calculation of Consolidated Net
Income for any amount so added back to the extent not so reimbursed within such 365 day period)), any expenses with respect to
liability or casualty events or business interruption, and

 

(xvi)        any
expenses, charges and losses in the form of earn-out obligations and contingent consideration obligations (including to the extent
accounted for as performance and retention bonuses, compensation or otherwise) and adjustments thereof and purchase price adjustments,
in each case paid in connection with any acquisition, merger or consolidation or Investment,

 

    	 	- 18 -	 

     

    

 

provided, further,
that the exclusion of any item pursuant to the foregoing clauses (i) through (xvi) shall also exclude the tax impact of any such
item, if applicable.

 

In the case of any unusual
or nonrecurring gain, loss or charge (other than any unusual or nonrecurring gain, loss or charge related to the Transactions)
not included in Consolidated Net Income pursuant to clause (iv) above in any determination thereof, the Borrower will deliver a
certificate of a Responsible Officer to the Administrative Agent promptly after the date on which Consolidated Net Income is so
determined, setting forth the nature and amount of such unusual or nonrecurring gain, loss or charge. Notwithstanding the foregoing,
for the purpose of Subsection 8.2(a)(3)(A) only, there shall be excluded from Consolidated Net Income, without duplication,
any income consisting of dividends, repayments of loans or advances or other transfers of assets from Unrestricted Subsidiaries
to the Borrower or a Restricted Subsidiary, and any income consisting of return of capital, repayment or other proceeds from dispositions
or repayments of Investments consisting of Restricted Payments, in each case to the extent such income would be included in Consolidated
Net Income and such related dividends, repayments, transfers, return of capital or other proceeds are applied by the Borrower to
increase the amount of Restricted Payments permitted under Subsection 8.2(a)(3)(C) or (D).

 

In addition, each Person
that is a Restricted Subsidiary upon giving effect to the Transactions shall be deemed to be a Restricted Subsidiary and the Transactions
shall not constitute a sale or disposition under clause (iii) above, for purposes of such determination.

 

“Consolidated
Secured Indebtedness”: as of any date of determination, (i) an amount equal to the Consolidated Total Indebtedness
(without regard to clause (iii) of the definition thereof) as of such date that, in each case is then secured by Liens on Collateral
(other than (x) Indebtedness secured by a Lien ranking junior to or subordinated to the Liens securing the Term Loan
Facility Obligations (but, for the avoidance of doubt, not excluding ABL Facility Loans or other Consolidated Total Indebtedness
secured by Liens pari passu therewith), (y) property or assets held in a defeasance or similar trust or arrangement
for the benefit of the Indebtedness secured thereby and (z) solely with respect to the determination of the amount
available to be Incurred pursuant to the Ratio Incremental Facility and clause (s) of “Permitted Liens”, Indebtedness
Incurred pursuant to the Cash Capped Incremental Facility), minus (ii) the sum of (A) the amount of such Indebtedness
consisting of Indebtedness of a type referred to in, or Incurred pursuant to, Subsection 8.1(b)(ix) and (B) Unrestricted
Cash of the Borrower and its Restricted Subsidiaries.

 

    	 	- 19 -	 

     

    

 

“Consolidated
Secured Leverage Ratio”: as of any date of determination, the ratio of (i) Consolidated Secured Indebtedness as
at such date (after giving effect to any Incurrence or Discharge of Indebtedness on such date) to (ii) the Consolidated
Four Quarter EBITDA as of such date; provided that, (x) in the event that the Borrower shall classify Indebtedness
Incurred on the date of determination as secured in part pursuant to clause (k)(1) of the “Permitted Liens” definition
in respect of Indebtedness Incurred pursuant to the Ratio Incremental Facility and in part pursuant to such clause (k)(1) in respect
of Indebtedness Incurred pursuant to Subsection 8.1(b)(i) (other than pursuant to the Ratio Incremental Facility) or one
or more other clauses or subclauses of the definition of “Permitted Liens” (other than clause (s) and, in respect of
Indebtedness Incurred pursuant to Subsection 8.1(b)(xvii), clause (k)(3)), as provided in clause (w) of the final paragraph
of such definition, any calculation of the Consolidated Secured Leverage Ratio on such date of determination, including in the
definition of “Maximum Incremental Facilities Amount”, shall not include any such Indebtedness (and shall not give
effect to any Discharge of Indebtedness from the proceeds thereof) not Incurred pursuant to the Ratio Incremental Facility, (y)
in the event that the Borrower shall classify Indebtedness Incurred on the date of determination as secured in part pursuant to
clause (s) of the “Permitted Liens” definition and in part pursuant to one or more other clauses of the definition
of “Permitted Liens” (other than clause (k)(1) in respect of Indebtedness Incurred pursuant to the Ratio Incremental
Facility and clause (k)(3) in respect of Indebtedness Incurred pursuant to Subsection 8.1(b)(xvii)), as provided in clause
(x) of the final paragraph of such definition, any calculation of the Consolidated Secured Leverage Ratio on such date of determination
shall not include any such Indebtedness (and shall not give effect to any Discharge of Indebtedness from the proceeds thereof)
to the extent secured pursuant to any such other clause of such definition and (z) in the event that the Borrower shall
classify Indebtedness Incurred on the date of determination as secured in part pursuant to clause (k)(3) of the “Permitted
Liens” definition in respect of Indebtedness Incurred pursuant to Subsection 8.1(b)(xvii) and in part pursuant to
one or more other clause of the definition of “Permitted Liens” (other than clause (k)(1) in respect of Indebtedness
Incurred pursuant to the Ratio Incremental Facility and clause (s)), as provided in clause (aa) of the final paragraph of
such definition, any calculation of the Consolidated Secured Leverage Ratio on such date of determination shall not include any
such Indebtedness (and shall not give effect to any Discharge of Indebtedness from the proceeds thereof) to the extent secured
pursuant to any such other clause of such definition.

 

“Consolidated
Total Assets”: as of any date of determination, the total assets in each case of the Borrower and its Restricted Subsidiaries
as at the end of the most recently ended fiscal quarter of the Borrower for which consolidated financial statements of the Borrower
are available, determined on a Consolidated basis in accordance with GAAP (and, in the case of any determination relating to any
Incurrence of Indebtedness or any Investment, on a pro forma basis including any property or assets being acquired in connection
therewith).

 

“Consolidated
Total Indebtedness”: as of any date of determination, an amount equal to (i) the aggregate principal amount of
outstanding Indebtedness of the Borrower and its Restricted Subsidiaries as of such date consisting of (without duplication) Indebtedness
for borrowed money (including Purchase Money Obligations and unreimbursed outstanding drawn amounts under funded letters of credit);
Financing Lease Obligations; debt obligations evidenced by bonds, debentures, notes or similar instruments; Disqualified Stock;
and (in the case of any Restricted Subsidiary that is not a Subsidiary Guarantor) Preferred Stock, determined on a Consolidated
basis in accordance with GAAP (excluding (x) items eliminated in Consolidation, (y) Hedging Obligations and
(z) any outstanding Indebtedness under any revolving credit facility), plus (ii) the average daily balance
of Indebtedness of the Borrower and its Restricted Subsidiaries under any revolving credit facility for the most recent four consecutive
Fiscal Quarters of the Borrower ending prior to the date of determination for which
consolidated financial statements of the Borrower are available (provided that for any date prior to the Closing Date the
daily balance of Indebtedness of the Borrower and its Restricted Subsidiaries under revolving credit facilities shall be deemed
to be $0), minus (iii) the sum of (A) the amount of such Indebtedness consisting of Indebtedness of a
type referred to in, or Incurred pursuant to, Subsection 8.1(b)(ix), and (B) Unrestricted Cash of the Borrower
and its Restricted Subsidiaries. For purposes hereof, any earn-out or similar obligation shall not constitute Consolidated Total
Indebtedness until such obligation becomes a liability on the consolidated balance sheet of the Borrower in accordance with GAAP
and is not paid within 30 days after becoming due and payable.

 

    	 	- 20 -	 

     

    

 

“Consolidated
Total Leverage Ratio”: as of any date of determination, the ratio of (i) Consolidated Total Indebtedness as at
such date (after giving effect to any Incurrence or Discharge of Indebtedness on such date) to (ii) the Consolidated Four
Quarter EBITDA as of such date; provided that, for purposes of the foregoing calculation, in the event that the Borrower
shall classify Indebtedness Incurred on the date of determination as Incurred in part pursuant to Subsection 8.1(b)(x) (other
than by reason of subclause (2) or (4) of the proviso to such clause (x)) or Subsection 8.1(b)(xvii) and in part pursuant
to one or more other clauses of Subsection 8.1(b) and/or (unless the Borrower at its option has elected to disregard Indebtedness
being Incurred on the date of determination in part pursuant to subclause (2) or (4) of the proviso to Subsection 8.1(b)(x)
or (xvii) for purposes of calculating the Consolidated Coverage Ratio for Incurring Indebtedness on the date of determination
in part under Subsection 8.1(a)) pursuant to Subsection 8.1(a) (as provided in Subsections 8.1(c)(ii) and
(iii)), Consolidated Total Indebtedness shall not include any such Indebtedness Incurred pursuant to one or more such other
clauses of Subsection 8.1(b) and/or pursuant to Subsection 8.1(a), and shall not give effect to any Discharge of
any Indebtedness from the proceeds of any such Indebtedness being disregarded for purposes of the calculation of the Consolidated
Total Leverage Ratio on such date of determination that otherwise would be included in Consolidated Total Indebtedness.

 

“Consolidated
Working Capital”: at any date, the excess of (a) the sum of all amounts (other than cash, Cash Equivalents and
Temporary Cash Investments) that are or would, in conformity with GAAP, be set forth opposite the caption “total current
assets” (or any like caption) on a consolidated balance sheet of the Borrower at such date excluding the current portion
of current and deferred income taxes over (b) the sum of all amounts that are or would, in conformity with GAAP, be set
forth opposite the caption “total current liabilities” (or any like caption) on a consolidated balance sheet of the
Borrower on such date, including deferred revenue but excluding, without duplication, (i) the current portion of any Funded
Debt, (ii) all Indebtedness consisting of Loans to the extent otherwise included therein, (iii) the current portion
of interest and (iv) the current portion of current and deferred income taxes.

 

“Consolidation”:
the consolidation of the accounts of each of the Restricted Subsidiaries with those of the Borrower in accordance with GAAP; provided
that “Consolidation” will not include consolidation of the accounts of any Unrestricted Subsidiary, but the interest
of the Borrower or any Restricted Subsidiary in any Unrestricted Subsidiary will be accounted for as an investment. The term “Consolidated”
has a correlative meaning.

 

“Contingent
Obligation”: with respect to any Person, any obligation of such Person guaranteeing any obligation that does not constitute
Indebtedness (a “primary obligation”) of any other Person (the “primary obligor”) in any manner, whether
directly or indirectly, including any obligation of such Person, whether or not contingent, (1) to purchase any such primary
obligation or any property constituting direct or indirect security therefor, (2) to advance or supply funds (a)
for the purchase or payment of any such primary obligation or (b) to maintain working capital or equity capital of the primary
obligor or otherwise to maintain the net worth or solvency of the primary obligor or (3) to purchase property, securities
or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor
to make payment of such primary obligation against loss in respect thereof.

 

    	 	- 21 -	 

     

    

 

“Contract Consideration”:
as defined in Subsection 4.4b.

 

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

 

“Contribution
Amounts”: the aggregate amount of capital contributions applied by the Borrower to permit the Incurrence of Contribution
Indebtedness pursuant to Subsection 8.1(b)(xi).

 

“Contribution
Indebtedness”: Indebtedness of the Borrower or any Restricted Subsidiary in an aggregate principal amount not greater
than twice the aggregate amount of cash contributions (other than Excluded Contributions, the proceeds from the issuance of Disqualified
Stock or contributions by the Borrower or any Restricted Subsidiary) made to the capital of the Borrower or such Restricted Subsidiary
after the Closing Date (whether through the issuance or sale of Capital Stock or otherwise); provided that such Contribution
Indebtedness (a) is Incurred within 180 days after the receipt of the related cash contribution and (b) is so designated
as Contribution Indebtedness pursuant to a certificate of a Responsible Officer of the Borrower promptly following the date of
Incurrence thereof.

 

“Covered Liabilities”:
as defined in Subsection 11.21.

 

“Cured Default”:
as defined in Subsection 1.2(c).

 

“Currency Agreement”:
in respect of a Person, any foreign exchange contract, currency swap agreement or other similar agreement or arrangements (including
derivative agreements or arrangements), as to which such Person is a party or a beneficiary.

 

“Declined Amounts”:
the sum of (x) the Term Loan Declined Amounts and (y) the amount of Excess Cash Flow and Net Cash Proceeds of
any Asset Disposition offered (to the extent the Borrower or any Restricted Subsidiary is required by the terms thereof) to prepay,
repay or purchase other Indebtedness that is secured by the Collateral on a pari passu basis with the Obligations which
the holders of such Indebtedness decline to accept pursuant to the terms equivalent to Subsection 4.4(h) (as determined
by the Borrower in good faith, which determination shall be conclusive).

 

“Default”:
any of the events specified in Subsection 9.1, whether or not any requirement for the giving of notice (other than, in the
case of Subsection 9.1(e), a Default Notice), the lapse of time, or both, or any other condition specified in Subsection
9.1, has been satisfied.

 

“Default Notice”:
as defined in Subsection 9.1(e).

 

    	 	- 22 -	 

     

    

 

“Defaulting
Lender”: any Lender or Agent whose acts or failure to act, whether directly or indirectly, cause it to meet any part
of the definition of Agent Default.

 

“Deposit Account”:
any deposit account (as such term is defined in Article 9 of the UCC).

 

“Designated
Noncash Consideration”: noncash consideration received by the Borrower or one of its Restricted Subsidiaries in connection
with an Asset Disposition that is so designated as Designated Noncash Consideration pursuant to a certificate of a Responsible
Officer of the Borrower, setting forth the basis of such valuation.

 

“Designated
Preferred Stock”: Preferred Stock of the Borrower (other than Disqualified Stock) or any Parent Entity that is issued
after the Closing Date for cash (other than to a Restricted Subsidiary) and is so designated as Designated Preferred Stock, pursuant
to a certificate of a Responsible Officer of the Borrower; provided that the cash proceeds of such issuance shall be excluded
from the calculation set forth in Subsection 8.2(a)(3)(B).

 

“Designation
Date”: as defined in Subsection 2.8(f).

 

“Discharge”:
as defined in clause (2) of the definition of “Consolidated Coverage Ratio”.

 

“Discharge of
ABL Collateral Obligations”: the “Discharge of ABL Collateral Obligations” as defined in the ABL/Term Loan
Intercreditor Agreement or the equivalent term in any Other Intercreditor Agreement.

 

“Discount Prepayment
Accepting Lender”: as defined in Subsection 4.4(h)(ii)(2).

 

“Discount Range”:
as defined in Subsection 4.4(h)(iii)(1).

 

“Discount Range
Prepayment Amount”: as defined in Subsection 4.4(h)(iii)(1).

 

“Discount Range
Prepayment Notice”: a written notice of the Borrower Solicitation of Discount Range Prepayment Offers made pursuant to
Subsection 4.4(h) substantially in the form of Exhibit O.

 

“Discount Range
Prepayment Offer”: the irrevocable written offer by a Lender, substantially in the form of Exhibit P, submitted
in response to an invitation to submit offers following the Administrative Agent’s receipt of a Discount Range Prepayment
Notice.

 

“Discount Range
Prepayment Response Date”: as defined in Subsection 4.4(h)(iii)(1).

 

“Discount Range
Proration”: as defined in Subsection 4.4(h)(iii)(3).

 

“Discounted
Prepayment Determination Date”: as defined in Subsection 4.4(h)(iv)(3).

 

    	 	- 23 -	 

     

    

 

“Discounted
Prepayment Effective Date”: in the case of a Borrower Offer of Specified Discount Prepayment, Borrower Solicitation of
Discount Range Prepayment Offers or Borrower Solicitation of Discounted Prepayment Offers, or otherwise, the date that is five
Business Days following the receipt by each relevant Lender of notice from the Administrative Agent in accordance with Subsection
4.4(h)(ii), Subsection 4.4(h)(iii) or Subsection 4.4(h)(iv), as applicable unless a shorter period is agreed
to between the Borrower and the Administrative Agent.

 

“Discounted
Term Loan Prepayment”: as defined in Subsection 4.4(h)(i).

 

“Disinterested
Directors”: with respect to any Affiliate Transaction, one or more members of the Board of Directors of the Borrower,
or one or more members of the Board of Directors of a Parent Entity, having no material direct or indirect financial interest in
or with respect to such Affiliate Transaction. A member of any such Board of Directors shall not be deemed to have such a financial
interest by reason of such member’s holding Capital Stock of the Borrower or any Parent Entity or any options, warrants or
other rights in respect of such Capital Stock of the Borrower or any Parent Entity or any options, warrants or other rights in
respect of such Capital Stock or by reason of such member receiving any compensation from the Borrower or such Parent Entity, as
applicable, on whose Board of Directors such member serves in respect of such member’s role as director.

 

“Disposition”:
as defined in the definition of the term “Asset Disposition” in this Subsection 1.1.

 

“Disqualified
Party”: (i) any competitor of the Borrower and its Restricted Subsidiaries that is in the same or a similar line
of business as the Borrower and its Restricted Subsidiaries or any affiliate of such competitor and (ii) any Persons designated
in writing by the Borrower or CD&R to the Administrative Agent on or prior to the Closing Date.

 

“Disqualified
Stock”: with respect to any Person, any Capital Stock (other than Management Stock) that by its terms (or by the terms
of any security into which it is convertible or for which it is exchangeable or exercisable) or upon the happening of any event
(other than following the occurrence of a Change of Control or other similar event described under such terms as a “change
of control” or an Asset Disposition or other disposition) (i) matures or is mandatorily redeemable pursuant to a sinking
fund obligation or otherwise, (ii) is convertible or exchangeable for Indebtedness or Disqualified Stock or (iii)
is redeemable at the option of the holder thereof (other than following the occurrence of a Change of Control or other similar
event described under such terms as a “change of control” or an Asset Disposition or other disposition), in whole or
in part, in each case on or prior to the Initial Term Loan Maturity Date; provided that Capital Stock issued to any employee
benefit plan, or by any such plan to any employees of the Borrower or any Subsidiary, shall not constitute Disqualified Stock solely
because it may be required to be repurchased or otherwise acquired or retired in order to satisfy applicable statutory or regulatory
obligations.

 

“Dollars”
and “$”: dollars in lawful currency of the United States of America.

 

    	 	- 24 -	 

     

    

 

“Domestic Borrowing
Base”: the sum of (1) 90% of the book value of Inventory of the Borrower and its Domestic Subsidiaries that
are Restricted Subsidiaries, (2) 90% of the book value of Receivables of the Borrower and its Domestic Subsidiaries
that are Restricted Subsidiaries and (3) cash, Cash Equivalents and Temporary Cash Investments of the Borrower and its Domestic
Subsidiaries that are Restricted Subsidiaries (in each case, determined as of the end of the most recently ended fiscal month of
the Borrower for which internal consolidated financial statements of the Borrower are available, and, in the case of any determination
relating to any Incurrence of Indebtedness, on a pro forma basis including (x) any property or assets of a type described
above acquired since the end of such fiscal month and (y) any property or assets of a type described above being acquired
in connection therewith).

 

“Domestic Subsidiary”:
any Restricted Subsidiary of the Borrower other than a Foreign Subsidiary.

 

“ECF Payment
Date”: as defined in Subsection 4.4(b).

 

“ECF Prepayment
Amount”: as defined in Subsection 4.4(b)(iii).

 

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

 

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

 

“EEA Resolution
Authority”: 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.

 

“Environmental
Costs”: any and all costs or expenses (including attorney’s and consultant’s fees, investigation and laboratory
fees, response costs, court costs and litigation expenses, fines, penalties, damages, settlement payments, judgments and awards),
of whatever kind or nature, known or unknown, contingent or otherwise, arising out of, or in any way relating to, any actual or
alleged violation of, noncompliance with or liability under any Environmental Laws. Environmental Costs include any and all of
the foregoing, without regard to whether they arise out of or are related to any past, pending or threatened proceeding of any
kind.

 

“Environmental
Laws”: any and all U.S. or foreign, federal, state, provincial, territorial, local or municipal laws, rules, orders,
enforceable guidelines and orders-in-council, regulations, statutes, ordinances, codes, decrees, and such requirements of any Governmental
Authority properly promulgated and having the force and effect of law or other Requirements of Law (including common law) regulating,
relating to or imposing liability or standards of conduct concerning protection of human health (as it relates to exposure to Materials
of Environmental Concern) or the environment, as have been, or now or at any relevant time hereafter are, in effect.

 

    	 	- 25 -	 

     

    

 

“Environmental
Permits”: any and all permits, licenses, registrations, notifications, exemptions and any other authorization required
under any Environmental Law.

 

“ERISA”:
the Employee Retirement Income Security Act of 1974, as amended from time to time.

 

“Escrow Borrower”:
as defined in Subsection 2.6(a).

 

“Escrow Subsidiary”:
a Wholly Owned Subsidiary that is a Domestic Subsidiary formed or established for the purpose of Incurring Indebtedness the proceeds
of which will be subject to an escrow or other similar arrangement; provided that upon the termination of all such escrow
or similar arrangement of such Subsidiary, such Subsidiary shall cease to constitute an “Escrow Subsidiary” hereunder
and shall merge with and into the Borrower in accordance with Subsection 8.7. Prior to its merger with and into the Borrower,
each Escrow Subsidiary shall not own, hold or otherwise have any interest in any material assets other than the proceeds of the
applicable Indebtedness Incurred by such Escrow Subsidiary and any cash, Cash Equivalents or Temporary Cash Investments invested
in such Escrow Subsidiary to cover interest and premium in respect of such Indebtedness.

 

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

 

“Eurodollar
Loans”: Loans the rate of interest applicable to which is based upon the Adjusted LIBOR Rate.

 

“Event of Default”:
any of the events specified in Subsection 9.1, provided that any requirement for the giving of notice, the lapse
of time, or both, or any other condition, has been satisfied.

 

“Excess Cash
Flow”: for any period, an amount equal to the excess of:

 

(a)          the
sum, without duplication, of

 

(i)          Consolidated
Net Income for such period,

 

(ii)         an
amount equal to the amount of all non-cash charges to the extent deducted in calculating such Consolidated Net Income and cash
receipts to the extent excluded in calculating such Consolidated Net Income (except to the extent such cash receipts are attributable
to revenue or other items that would be included in calculating Consolidated Net Income for any prior period),

 

(iii)        decreases
in Consolidated Working Capital for such period (other than any such decreases arising (x) from any acquisition or disposition
of (a) any business unit, division, line of business or Person or (b) any assets other than in the ordinary course
of business (each, an “ECF Acquisition” or “ECF Disposition”, respectively) by the Borrower
and the Restricted Subsidiaries completed during such period, (y) from the application of purchase accounting or (z)
as a result of the reclassification of any balance sheet item from short-term to long-term or vice versa),

 

    	 	- 26 -	 

     

    

 

(iv)         an
amount equal to the aggregate net non-cash loss on Asset Dispositions (or any disposition specifically excluded from the definition
of the term “Asset Disposition”) by the Borrower and the Restricted Subsidiaries during such period (other than in
the ordinary course of business) to the extent deducted in calculating such Consolidated Net Income,

 

(v)          cash
receipts in respect of Hedge Agreements during such period to the extent not otherwise included in calculating such Consolidated
Net Income, and

 

(vi)         any
extraordinary, unusual or nonrecurring cash gain,

 

over (b) the sum, without
duplication, of

 

(i)          an
amount equal to the amount of all non-cash credits included in calculating such Consolidated Net Income and cash charges to the
extent not deducted in calculating such Consolidated Net Income,

 

(ii)         [reserved],

 

(iii)        the
aggregate amount of all principal payments, purchases or other retirements of Indebtedness of the Borrower and the Restricted Subsidiaries
(including (A) the principal component of payments in respect of Financing Lease Obligations, (B) the amount of any
repayment of Term Loans pursuant to Subsection 2.2(b) and (C) the amount of a mandatory prepayment of Term Loans
pursuant to Subsection 4.4(b)(i) and any mandatory prepayment, repayment or redemption of Pari Passu Indebtedness pursuant
to requirements under the agreements governing such Pari Passu Indebtedness similar to the requirements set forth in Subsection
4.4(b)(i) (as determined by the Borrower in good faith, which determination shall be conclusive), to the extent required due
to an Asset Disposition (or any disposition specifically excluded from the definition of
the term “Asset Disposition”) that resulted in an increase to Consolidated Net Income and not in excess of the
amount of such increase, but excluding (x) all other prepayments of Loans, (y) all prepayments of ABL Facility Loans
and (z) all prepayments of revolving loans (other than Revolving Loans hereunder), to the extent there is not an equivalent
permanent reduction in commitments thereunder) made during such period, except to the extent financed with the proceeds of long-term
Indebtedness of the Borrower or the Restricted Subsidiaries,

 

(iv)         an
amount equal to the aggregate net non-cash gain on Asset Dispositions (or any disposition specifically excluded from the definition
of the term “Asset Disposition”) by the Borrower and the Restricted Subsidiaries during such period (other than in
the ordinary course of business) to the extent included in calculating such Consolidated Net Income,

 

    	 	- 27 -	 

     

    

 

(v)          increases
in Consolidated Working Capital for such period (other than any such increases arising (x) from any ECF Acquisition or ECF
Disposition by the Borrower and the Restricted Subsidiaries completed during such period, (y) from the application of purchase
accounting or (z) as a result of the reclassification of any balance sheet item from short-term to long-term or vice versa),

 

(vi)         payments
by the Borrower and the Restricted Subsidiaries during such period in respect of long-term liabilities of the Borrower and the
Restricted Subsidiaries other than Indebtedness, to the extent not already deducted in calculating Consolidated Net Income,

 

(vii)        [reserved],

 

(viii)      the
amount of Restricted Payments (other than Investments) made in cash during such period (on a consolidated basis) by the Borrower
and the Restricted Subsidiaries pursuant to Subsection 8.2(b) (other than Subsection 8.2(b)(vi)), to the extent such
Restricted Payments were financed with internally generated cash flow of the Borrower and the Restricted Subsidiaries,

 

(ix)         the
aggregate amount of expenditures actually made by the Borrower and the Restricted Subsidiaries in cash during such period (including
expenditures for the payment of financing fees) to the extent that such expenditures are not expensed during such period and are
not deducted in calculating Consolidated Net Income,

 

(x)          the
aggregate amount of any premium, make-whole or penalty payments actually paid in cash by the Borrower and the Restricted Subsidiaries
during such period that are made in connection with any prepayment of Indebtedness to the extent that such payments are not deducted
in calculating Consolidated Net Income,

 

(xi)         [reserved],

 

(xii)        the
amount of (x) Permitted Payments made pursuant to Subsection 8.2(b)(vii)(B) or with respect to Related Taxes pursuant
to Subsection 8.2(b)(vii)(C) or (y) taxes (including penalties and interest) paid in cash or tax reserves set aside
or payable (without duplication) in such period to the extent they exceed the amount of tax expense deducted in calculating such
Consolidated Net Income for such period,

 

(xiii)      cash
expenditures in respect of Hedge Agreements during such period to the extent not deducted in calculating such Consolidated Net
Income, and

 

    	 	- 28 -	 

     

    

 

(xiv)        (v)
any extraordinary, unusual or nonrecurring cash loss or charge (including fees, expenses, charges (or any amortization thereof)
associated with the Transactions or any acquisition, merger or consolidation, whether or not completed), (w) any fees and
expenses (or amortization thereof), and any charges or costs, in connection with any acquisition, Investment, Asset Disposition,
issuance of Capital Stock, issuance, repayment or refinancing of Indebtedness, or amendment or modification of any agreement or
instrument relating to any Indebtedness (in each case, whether or not completed, after the date hereof or any accounting change,
and including any such transaction consummated prior to the date hereof), (x) any severance, relocation, consolidation,
closing, integration, facilities opening, business optimization, transition or restructuring costs, charges or expenses, (y)
any signing, retention or completion bonuses and (z) any costs associated with curtailments or modifications to pension
and post-retirement employee benefit plans, in each case, to the extent not already deducted in calculating Consolidated Net Income.

 

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

 

“Excluded Assets”:
as defined in the Guarantee and Collateral Agreement.

 

“Excluded Contribution”:
Net Cash Proceeds, or the Fair Market Value (as of the date of contribution, issuance or sale) of property or assets, received
by the Borrower as capital contributions to the Borrower after the Closing Date or from the issuance or sale (other than to a Restricted
Subsidiary) of Capital Stock (other than Disqualified Stock or Designated Preferred Stock) of the Borrower, in each case to the
extent designated as an Excluded Contribution pursuant to a certificate of a Responsible Officer of the Borrower and not previously
included in the calculation set forth in Subsection 8.2(a)(3)(B)(x) for purposes of determining whether a Restricted Payment
may be made.

 

“Excluded Information”:
as defined in Subsection 4.4(h)(i).

 

“Excluded Liability”:
any liability that is excluded under the Bail-In Legislation from the scope of any Bail-In Action including, without limitation,
any liability excluded pursuant to Article 44 of the Bank Recovery and Resolution Directive.

 

“Excluded Subsidiary”:
at any date of determination, any Subsidiary of the Borrower (other than any Subsidiary designated as a Subsidiary Guarantor pursuant
to the last sentence of Subsection 7.9(b)):

 

(a)          that
is an Immaterial Subsidiary;

 

(b)          that
is prohibited by Requirement of Law, or by Contractual Obligations existing on the Closing Date (or, in the case of any newly acquired
Subsidiary, in existence at the time of acquisition but not entered into in contemplation thereof), from Guaranteeing, or granting
Liens to secure, the Term Loan Facility Obligations, or if Guaranteeing, or granting Liens to secure, the Term Loan Facility Obligations
would require governmental (including regulatory) consent, approval, license or authorization unless such consent, approval, license
or authorization has been received;

 

    	 	- 29 -	 

     

    

 

(c)          with
respect to which the Borrower and the Administrative Agent reasonably agree that the burden or cost or other consequences of providing
a guarantee of the Term Loan Facility Obligations shall be excessive in view of the benefits to be obtained by the Lenders therefrom;

 

(d)          with
respect to which the provision of such guarantee of the Term Loan Facility Obligations would result in material adverse tax consequences
to the Borrower or any of its Subsidiaries (as determined by the Borrower in good faith, which determination shall be conclusive,
and the Borrower shall take commercially reasonable efforts to promptly notify the Administrative Agent of any such determination,
but failure to so notify the Administrative Agent shall not invalidate such determination);

 

(e)          that
is a Subsidiary of a Foreign Subsidiary;

 

(f)          that
is a joint venture or Non-Wholly Owned Subsidiary;

 

(g)          that
is an Unrestricted Subsidiary;

 

(h)          that
is a Captive Insurance Subsidiary;

 

(i)          that
is a Special Purpose Entity;

 

(j)          that
is a Subsidiary formed solely for the purpose of becoming a Parent Entity, or merging with the Borrower in connection with another
Subsidiary becoming a Parent Entity;

 

(k)          that
is a Subsidiary acquired by the Borrower or any Subsidiary and, at the time of the relevant acquisition, is an obligor in respect
of Acquired Indebtedness to the extent (and solely for so long as) the documents or instruments governing the applicable Acquired
Indebtedness prohibits such Subsidiary from granting a Guarantee of the Term Loan Facility Obligations; or

 

(l)          that
is an Escrow Subsidiary;

 

provided that, notwithstanding the
foregoing, any Domestic Subsidiary that Guarantees the payment of the ABL Facility Loans shall not be an Excluded Subsidiary.

 

Subject to the proviso in the preceding
sentence, any Subsidiary that fails to meet the foregoing requirements as of the last day of the period of the most recent four
consecutive Fiscal Quarters for which consolidated financial statements of the Borrower are available shall continue to be deemed
an Excluded Subsidiary hereunder until the date that is 60 days following the date on which such annual or quarterly financial
statements were required to be delivered pursuant to Subsection 7.1 with respect to such period.

 

    	 	- 30 -	 

     

    

 

“Excluded Taxes”:
(a) any Taxes measured by or imposed upon the net income of any Agent or Lender or its applicable lending office, or any
branch or affiliate thereof, and all franchise Taxes, branch Taxes, Taxes on doing business or Taxes measured by or imposed upon
the overall capital or net worth of any such Agent or Lender or its applicable lending office, or any branch or affiliate thereof,
in each case imposed by the jurisdiction under the laws of which such Agent or Lender, applicable lending office, branch or affiliate
is organized or is located, or in which its principal executive office is located, or any nation within which such jurisdiction
is located or any political subdivision thereof; (c) any Taxes imposed by reason of any connection between the jurisdiction
imposing such Tax and such Agent or Lender, applicable lending office, branch or affiliate other than a connection arising solely
from such Agent or Lender having executed, delivered or performed its obligations under, or received payment under or enforced,
this Agreement or any Notes, and (c) any Taxes imposed by FATCA.

 

“Exempt Sale
and Leaseback Transaction”: any Sale and Leaseback Transaction (a) in which the sale or transfer of property occurs
within 180 days of the acquisition of such property by the Borrower or any of its Subsidiaries or (b) that involves property
with a book value equal to the greater of $25,000,000 and 15% of Consolidated Four Quarter EBITDA (as of the date on which a legally
binding commitment for such Sale and Leaseback Transaction was entered into) or less and is not part of a series of related Sale
and Leaseback Transactions involving property with an aggregate value in excess of such amount and entered into with a single Person
or group of Persons. For purposes of the foregoing, “Sale and Leaseback Transaction” means any arrangement with
any Person providing for the leasing by the Borrower or any of its Subsidiaries of real or personal property that has been or is
to be sold or transferred by the Borrower or any such Subsidiary to such Person or to any other Person to whom funds have been
or are to be advanced by such Person on the security of such property or rental obligations of the Borrower or such Subsidiary.

 

“Existing Indebtedness”:
Indebtedness for borrowed money of the Borrower and its Restricted Subsidiaries outstanding on the Closing Date and disclosed on
Schedule 8.1.

 

“Existing Interest
Rate”: as defined in Subsection 2.6(d)(iv).

 

“Existing Loans”:
as defined in Subsection 2.8(a).

 

“Existing Tranche”:
as defined in Subsection 2.8(a).

 

“Extended Loans”:
as defined in Subsection 2.8(a).

 

“Extended Term
Loans”: as defined in Subsection 2.8(a).

 

“Extended Term
Tranche”: as defined in Subsection 2.8(a).

 

“Extended Tranche”:
as defined in Subsection 2.8(a).

 

“Extending Lender”:
as defined in Subsection 2.8(b).

 

“Extension”:
as defined in Subsection 2.8(b).

 

    	 	- 31 -	 

     

    

 

“Extension Amendment”:
as defined in Subsection 2.8(c).

 

“Extension Date”:
as defined in Subsection 2.8(d).

 

“Extension Election”:
as defined in Subsection 2.8(b).

 

“Extension of
Credit”: as to any Lender, the making of an Initial Term Loan (excluding any Supplemental Term Loans being made under
the Initial Term Loan Tranche) or an Incremental Revolving Loan (other than the initial extension of credit thereunder).

 

“Extension Request”:
as defined in Subsection 2.8(a).

 

“Extension Request
Deadline”: as defined in Subsection 2.8(b).

 

“Extension Series”:
all Extended Loans that are established pursuant to the same Extension Amendment (or any subsequent Extension Amendment to the
extent such Extension Amendment expressly provides that the Extended Loans provided for therein are intended to be part of any
previously established Extension Series) and that provide for the same interest margins and amortization schedule.

 

“Facility”:
each of (a) the Initial Term Loan Commitments and the Extensions of Credit made thereunder (the “Initial Term Loan
Facility”), (b) Incremental Term Loans of the same Tranche, (c) Incremental Revolving Commitments
of the same Tranche and Extensions of Credit made thereunder, (d) any Extended Term Loans of the same Extension Series and
(e) any Specified Refinancing Loans of the same Tranche, and collectively the “Facilities.”

 

“Fair Market
Value”: with respect to any asset or property, the fair market value of such asset or property as determined in good
faith by the Borrower or the Board of Directors, whose determination shall be conclusive.

 

“FATCA”:
Sections 1471 through 1474 of the Code as in effect on the Closing Date (and any amended or successor provisions that are substantively
comparable), and any regulations or other administrative authority promulgated thereunder, any agreements entered into pursuant
to Section 1471(b)(1) of the Code (and any amended or successor provisions that are substantively comparable), any intergovernmental
agreement entered into in connection with any of the foregoing, any fiscal or regulatory legislation, rules or practices adopted
pursuant to any such intergovernmental agreement and any legislation, regulations or guidance enacted in any jurisdiction that
seeks to implement a similar tax reporting or tax withholding regime.

 

“Federal District
Court”: as defined in Subsection 11.13(a).

 

“Federal Funds
Effective Rate”: for any day, the rate calculated by the NYFRB based on such day’s federal funds transactions by
depository 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 federal funds effective rate; provided that, if the Federal
Funds Effective Rate for any day is less than zero, the Federal Funds Effective Rate for such day will be deemed to be zero.

 

    	 	- 32 -	 

     

    

 

“Fee Letter”:
the Fee Letter, dated as of February 8, 2018, among Credit Suisse Securities (USA) LLC, Credit Suisse
AG, Cayman Islands Branch and NCI Building Systems, Inc.

 

“Financing Disposition”:
any sale, transfer, conveyance or other disposition of, or creation or incurrence of any Lien on, property or assets (a) by
the Borrower or any Subsidiary thereof to or in favor of any Special Purpose Entity, or by any Special Purpose Subsidiary, in each
case in connection with the Incurrence by a Special Purpose Entity of Indebtedness, or obligations to make payments to the obligor
on Indebtedness, which may be secured by a Lien in respect of such property or assets or (b) by the Borrower or any Subsidiary
thereof to or in favor of any Special Purpose Entity that is not a Special Purpose Subsidiary.

 

“Financing Lease”:
any lease of property, real or personal, the obligations of the lessee in respect of which are required to be capitalized and accounted
for as a financing lease (and not, for the avoidance of doubt, as an operating lease) on the balance sheet of such lessee for financial
reporting purposes in accordance with GAAP. The Stated Maturity of any Financing Lease Obligation shall be the date of the last
payment of rent or any other amount due under the related lease. Notwithstanding anything to the contrary contained in this definition
of “Financing Lease” or elsewhere in this Agreement, in the event of an accounting change requiring leases to be capitalized
on the balance sheet of the lessee that are not required to be so capitalized on the date hereof, then at the Borrower’s
option, only those leases (assuming for purposes hereof that such leases were in existence on the date hereof) that would constitute
Financing Leases in conformity with GAAP on the date hereof shall be considered Financing Leases, and all calculations and deliverables
under this Agreement or any other Loan Document shall be made or delivered, as applicable, in accordance therewith.

 

“Financing Lease
Obligation”: an obligation under any Financing Lease.

 

“FIRREA”:
the Financial Institutions Reform, Recovery and Enforcement Act of 1989, as amended from time to time.

 

“First Lien
Obligations”: (i) the Term Loan Facility Obligations and (ii) the Additional Obligations, Permitted Debt
Exchange Notes, Rollover Indebtedness and Refinancing Indebtedness in respect of the Indebtedness described in this clause (ii)
(other than any such Additional Obligations, Permitted Debt Exchange Notes, Rollover Indebtedness and Refinancing Indebtedness
that are unsecured or secured by a Lien ranking junior to the Lien securing the Term Loan Facility Obligations) secured by a first
priority security interest in the Term Loan Priority Collateral and a second priority security interest in the ABL Priority Collateral,
collectively.

 

“first priority”:
with respect to any Lien purported to be created in any Collateral pursuant to any Security Document, that such Lien is the most
senior Lien to which such Collateral is subject (subject to Liens permitted hereunder (including Permitted Liens) applicable to
such Collateral which have priority over the respective Liens on such Collateral created pursuant to the relevant Security Document
(or, in the case of Collateral constituting Pledged Stock (as defined in the Guarantee and Collateral Agreement), Permitted Liens
of the type described in clauses (a), (k)(4) (other than subclause (z)), (l), (m), (n), (p)(1), (s) and, solely with respect to
Permitted Liens described in the foregoing clauses, (o) of the definition thereof)). For purposes of this definition, a Lien purported
to be created in any Collateral pursuant to any Security Document will be construed as the “most senior Lien” to which
such Collateral is subject, notwithstanding the existence of a Permitted Lien on the Collateral that is pari passu with
the Lien on such Collateral, so long as such Permitted Lien is subject to the terms of the ABL/Term Loan Intercreditor Agreement
or an Other Intercreditor Agreement.

 

    	 	- 33 -	 

     

    

 

“Fiscal Year”:
any period of 12 consecutive months ending on the Sunday closest to October 31 of any calendar year, or as otherwise designated
by the Borrower in accordance with Subsection 7.12.

 

“Fiscal Quarter”:
for any Fiscal Year, each 13-week or 14-week fiscal period commencing on the day immediately following the last day of the previous
Fiscal Quarter and ending on the Sunday closest to January 31, April 30, July 31 and October 31 (as applicable) of such Fiscal
Year, or as otherwise designated by the Borrower in accordance with Subsection 7.12.

 

“Fixed GAAP
Date”: the Closing Date; provided that at any time after the Closing Date, the Borrower may by written notice
to the Administrative Agent elect to change the Fixed GAAP Date to be the date specified in such notice, and upon such notice,
the Fixed GAAP Date shall be such date for all periods beginning on and after the date specified in such notice.

 

“Fixed GAAP
Terms”: (a) the definitions of the terms “Borrowing Base”, “Capital Expenditures”, “Consolidated
Coverage Ratio”, “Consolidated EBITDA”, “Consolidated Four Quarter EBITDA”, “Consolidated Interest
Expense”, “Consolidated Net Income”, “Consolidated Secured Indebtedness”, “Consolidated Secured
Leverage Ratio”, “Consolidated Total Assets”, “Consolidated Total Indebtedness”, “Consolidated
Total Leverage Ratio”, “Consolidated Working Capital”, “Consolidation”, “Domestic Borrowing
Base”, “Excess Cash Flow”, “Foreign Borrowing Base”, “Inventory” and “Receivable”,
(b) all defined terms in this Agreement to the extent used in or relating to any of the foregoing definitions, and all ratios
and computations based on any of the foregoing definitions, and (c) any other term or provision of this Agreement or the
Loan Documents that, at the Borrower’s election, may be specified by the Borrower by written notice to the Administrative
Agent from time to time.

 

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

 

“Foreign Borrowing
Base”: the sum of (1) 90% of the book value of Inventory of the Borrower’s Foreign Subsidiaries that
are Restricted Subsidiaries, (2) 90% of the book value of Receivables of the Borrower’s Foreign Subsidiaries
that are Restricted Subsidiaries and (3) cash, Cash Equivalents and Temporary Cash Investments of the Borrower’s Foreign
Subsidiaries that are Restricted Subsidiaries (in each case, determined as of the end of the most recently ended fiscal month of
the Borrower for which internal consolidated financial statements of the Borrower are available, on a pro forma basis including
(x) any property or assets of a type described above acquired since the end of such fiscal month and (y) any
property or assets of a type described above being acquired in connection therewith).

 

    	 	- 34 -	 

     

    

 

“Foreign Pension
Plan”: a registered pension plan which is subject to applicable pension legislation other than ERISA or the Code, which
a Restricted Subsidiary sponsors or maintains, or to which it makes or is obligated to make contributions.

 

“Foreign Plan”:
each Foreign Pension Plan, deferred compensation or other retirement or superannuation plan, fund, program, agreement, commitment
or arrangement whether oral or written, funded or unfunded, sponsored, established, maintained or contributed to, or required to
be contributed to, or with respect to which any liability is borne, outside the United States of America, by the Borrower or any
of its Restricted Subsidiaries, other than any such plan, fund, program, agreement or arrangement sponsored by a Governmental Authority.

 

“Foreign Subsidiary”:
any Subsidiary of the Borrower (a) that is organized under the laws of any jurisdiction outside of the United States of
America, or that is a Subsidiary of any such Foreign Subsidiary, or (b) that is a Foreign Subsidiary Holdco. Any subsidiary
of the Borrower that is organized under the laws of Puerto Rico or any other territory of the United States of America shall be
a Foreign Subsidiary.

 

“Foreign Subsidiary
Holdco”: any Restricted Subsidiary of the Borrower, so long as such Restricted Subsidiary has no material assets other
than securities or indebtedness of one or more Foreign Subsidiaries (or Subsidiaries thereof), intellectual property relating to
such Foreign Subsidiaries (or Subsidiaries thereof), and/or other assets (including cash, Cash Equivalents and Temporary Cash Investments)
relating to an ownership interest in any such securities, indebtedness, intellectual property or Subsidiaries. Any Subsidiary that
is a Foreign Subsidiary Holdco that fails to meet the foregoing requirements as of the last day of the period for which consolidated
financial statements of the Borrower are available shall continue to be deemed a “Foreign Subsidiary Holdco” hereunder
until the date that is 60 days following the date on which such annual or quarterly financial statements were required to be delivered
pursuant to Subsection 7.1 with respect to such period.

 

“Funded Debt”:
all Indebtedness of the Borrower and the Restricted Subsidiaries for borrowed money that matures more than one year from the date
of its creation or that matures within one year from such date that is renewable or extendable, at the option of the Borrower or
any Restricted Subsidiary, to a date more than one year from such date or that arises under a revolving credit or similar agreement
that obligates the lender or lenders to extend credit during a period of more than one year from such date, including all amounts
of such debt required to be paid or prepaid within one year from the date of its creation and, in the case of the Borrower, Indebtedness
in respect of the Term Loans.

 

    	 	- 35 -	 

     

    

 

“GAAP”:
generally accepted accounting principles in the United States of America as in effect on the Fixed GAAP Date (for purposes of the
Fixed GAAP Terms) and as in effect from time to time (for all other purposes of this Agreement), including those set forth in the
opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements
and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as approved by
a significant segment of the accounting profession, and subject to the following sentence. If at any time the SEC permits or requires
U.S. domiciled companies subject to the reporting requirements of the Exchange Act to use IFRS in lieu of GAAP for financial reporting
purposes, the Borrower may elect by written notice to the Administrative Agent to so use IFRS in lieu of GAAP and, upon any such
notice, references herein to GAAP shall thereafter be construed to mean (a) for periods beginning on and after the date
specified in such notice, IFRS as in effect on the date specified in such notice (for purposes of the Fixed GAAP Terms) and as
in effect from time to time (for all other purposes of this Agreement) and (b) for prior periods, GAAP as defined in the
first sentence of this definition. All ratios and computations based on GAAP contained in this Agreement shall be computed in conformity
with GAAP.

 

“Governmental
Authority”: the government of the United States or any other nation, or of any political subdivision thereof, whether
state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive,
legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supranational
bodies such as the European Union or the European Central Bank).

 

“Guarantee”:
any obligation, contingent or otherwise, of any Person directly or indirectly guaranteeing any Indebtedness or other obligation
of any other Person; provided that the term “Guarantee” shall not include endorsements for collection or deposit
in the ordinary course of business. The term “Guarantee” used as a verb has a corresponding meaning.

 

“Guarantee and
Collateral Agreement”: the Term Loan Guarantee and Collateral Agreement delivered to the Collateral Agent as of the date
hereof, substantially in the form of Exhibit B hereto, as the same may be amended, supplemented, waived or otherwise modified
from time to time.

 

“Guarantee Obligation”:
as to any Person (the “guaranteeing person”), any obligation of (a) the guaranteeing person or (b)
another Person (including any bank under any letter of credit) to induce the creation of which the guaranteeing person has issued
a reimbursement, counterindemnity or similar obligation, in either case guaranteeing or in effect guaranteeing any Indebtedness,
leases, dividends or other obligations (the “primary obligations”) of any other third Person (the “primary
obligor”) in any manner, whether directly or indirectly, including any such obligation of the guaranteeing person, whether
or not contingent, (i) to purchase any such primary obligation or any property constituting direct or indirect security
therefor, (ii) to advance or supply funds (A) for the purchase or payment of any such primary obligation or (B)
to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the
primary obligor, (iii) to purchase property, securities or services primarily for the purpose of assuring the owner of any
such primary obligation of the ability of the primary obligor to make payment of such primary obligation or (iv) otherwise
to assure or hold harmless the owner of any such primary obligation against loss in respect thereof; provided, however,
that the term Guarantee Obligation shall not include endorsements of instruments for deposit or collection in the ordinary course
of business. The amount of any Guarantee Obligation of any guaranteeing person shall be deemed to be the lower of (a) an
amount equal to the stated or determinable amount of the primary obligation in respect of which such Guarantee Obligation is made
and (b) the maximum amount for which such guaranteeing person may be liable pursuant to the terms of the instrument embodying
such Guarantee Obligation, unless such primary obligation and the maximum amount for which such guaranteeing person may be liable
are not stated or determinable, in which case the amount of such Guarantee Obligation shall be such guaranteeing person’s
maximum reasonably anticipated liability in respect thereof as determined by the Borrower in good faith, which determination shall
be conclusive.

 

    	 	- 36 -	 

     

    

 

“Guarantor Subordinated
Obligations”: with respect to a Subsidiary Guarantor, any Indebtedness of such Subsidiary Guarantor (whether outstanding
on the Closing Date or thereafter Incurred) that is expressly subordinated in right of payment to the obligations of such Subsidiary
Guarantor under its Subsidiary Guaranty pursuant to a written agreement.

 

“Guarantors”:
the collective reference to each Subsidiary Guarantor; individually, a “Guarantor.”

 

“Hedge Agreements”:
collectively, Interest Rate Agreements, Currency Agreements and Commodities Agreements.

 

“Hedging Obligations”:
as to any Person, the obligations of such Person pursuant to any Interest Rate Agreement, Currency Agreement or Commodities Agreement.

 

“Identified
Participating Lenders”: as defined in Subsection 4.4(h)(iii)(3).

 

“Identified
Qualifying Lenders”: as defined in Subsection 4.4(h)(iv)(3).

 

“IFRS”:
International Financial Reporting Standards and applicable accounting requirements set by the International Accounting Standards
Board or any successor thereto (or the Financial Accounting Standards Board, the Accounting Principles Board of the American Institute
of Certified Public Accountants, or any successor to either such board, or the SEC, as the case may be), as in effect from time
to time.

 

“Immaterial
Subsidiary”: any Subsidiary of the Borrower designated as such in writing by the Borrower to the Administrative Agent
that (i) (x) contributed 5.0% or less of Consolidated EBITDA for the period of the most recent four consecutive Fiscal
Quarters ending prior to the date of such determination for which consolidated financial statements of the Borrower are available,
and (y) had consolidated assets representing 5.0% or less of Consolidated Total Assets as of the end of the most recently
ended financial period for which consolidated financial statements of the Borrower are available; and (ii) together with
all other Immaterial Subsidiaries designated pursuant to the preceding clause (i), (x) contributed 5.0% or less of Consolidated
EBITDA for the period of the most recent four consecutive Fiscal Quarters ending prior to the date of such determination for which
consolidated financial statements of the Borrower are available, and (y) had consolidated assets representing 5.0% or less
of Consolidated Total Assets as of the end of the most recently ended financial period for which consolidated financial statements
of the Borrower are available. Any Subsidiary so designated as an Immaterial Subsidiary that fails to meet the foregoing requirements
as of the last day of the period of the most recent four consecutive Fiscal Quarters for which consolidated financial statements
of the Borrower are available shall continue to be deemed an “Immaterial Subsidiary” hereunder until the date that
is 60 days following the date on which such annual or quarterly financial statements were required to be delivered pursuant to
Subsection 7.1(a) or 7.1(b) with respect to such period.

 

    	 	- 37 -	 

     

    

 

“Increase Supplement”:
as defined in Subsection 2.6(c).

 

“Increased Amount”:
as defined in Subsection 2.6(d)(iv).

 

“Incremental
Commitment Amendment”: as defined in Subsection 2.6(d).

 

“Incremental
Commitments”: as defined in Subsection 2.6(a).

 

“Incremental
Indebtedness”: Indebtedness Incurred by the Borrower pursuant to and in accordance with Subsection 2.6.

 

“Incremental
Lenders”: as defined in Subsection 2.6(b).

 

“Incremental
Letter of Credit Commitments”: as defined in Subsection 2.6(a).

 

“Incremental
Loans”: as defined in Subsection 2.6(d).

 

“Incremental
Revolving Commitments”: as defined in Subsection 2.6(a).

 

“Incremental
Revolving Lender”: as defined in Subsection 2.6(a).

 

“Incremental
Revolving Loans”: any loans drawn under an Incremental Revolving Commitment.

 

“Incremental
Term Loan”: any Incremental Loan made pursuant to an Incremental Term Loan Commitment.

 

“Incremental
Term Loan Commitments”: as defined in Subsection 2.6(a).

 

“Incur”:
issue, assume, enter into any Guarantee of, incur or otherwise become liable for; and the terms “Incurs”, “Incurred”
and “Incurrence” shall have a correlative meaning; provided that any Indebtedness or Capital Stock of
a Person existing at the time such Person becomes a Subsidiary (whether by merger, consolidation, acquisition or otherwise) shall
be deemed to be Incurred by such Subsidiary at the time it becomes a Subsidiary. Accrual of interest, the accretion of accreted
value, the payment of interest in the form of additional Indebtedness, and the payment of dividends on Capital Stock constituting
Indebtedness in the form of additional shares of the same class of Capital Stock, will be deemed not to be an Incurrence of Indebtedness.
Any Indebtedness issued at a discount (including Indebtedness on which interest is payable through the issuance of additional Indebtedness)
shall be deemed Incurred at the time of original issuance of the Indebtedness at the initial accreted amount thereof.

 

    	 	- 38 -	 

     

    

 

“Indebtedness”:
with respect to any Person on any date of determination (without duplication):

 

(i)          the
principal of indebtedness of such Person for borrowed money;

 

(ii)         the
principal of obligations of such Person evidenced by bonds, debentures, notes or other similar instruments;

 

(iii)        all
reimbursement obligations of such Person in respect of letters of credit, bankers’ acceptances or other similar instruments
(the amount of such obligations being equal at any time to the aggregate then undrawn and unexpired amount of such letters of credit,
bankers’ acceptances or other instruments plus the aggregate amount of drawings thereunder that have not then been reimbursed)
(except to the extent such reimbursement obligations relate to Trade Payables and such obligations are expected to be satisfied
within 30 days of becoming due and payable);

 

(iv)         the
principal component of all obligations of such Person to pay the deferred and unpaid purchase price of property (except Trade Payables),
which purchase price is due more than one year after the date of placing such property in final service or taking final delivery
and title thereto;

 

(v)          all
Financing Lease Obligations of such Person;

 

(vi)         the
redemption, repayment or other repurchase amount of such Person with respect to any Disqualified Stock of such Person or (if such
Person is a Subsidiary of the Borrower other than a Subsidiary Guarantor) any Preferred Stock of such Subsidiary, but excluding,
in each case, any accrued dividends (the amount of such obligation to be equal at any time to the maximum fixed involuntary redemption,
repayment or repurchase price for such Capital Stock, or if less (or if such Capital Stock has no such fixed price), to the involuntary
redemption, repayment or repurchase price therefor calculated in accordance with the terms thereof as if then redeemed, repaid
or repurchased, and if such price is based upon or measured by the fair market value of such Capital Stock, such fair market value
shall be as determined in good faith by senior management of the Borrower, the Board of Directors of the Borrower or the Board
of Directors of the issuer of such Capital Stock, in each case which determination shall be conclusive);

 

(vii)        all
Indebtedness of other Persons secured by a Lien on any asset of such Person, whether or not such Indebtedness is assumed by such
Person; provided that the amount of Indebtedness of such Person shall be the lesser of (A) the fair market value
of such asset at such date of determination (as determined in good faith by the Borrower, which determination shall be conclusive)
and (B) the amount of such Indebtedness of such other Persons;

 

(viii)      all
Guarantees by such Person of Indebtedness of other Persons, to the extent so Guaranteed by such Person; and

 

    	 	- 39 -	 

     

    

 

(ix)         to
the extent not otherwise included in this definition, net Hedging Obligations of such Person (the amount of any such obligation
to be equal at any time to the termination value of such agreement or arrangement giving rise to such Hedging Obligation that would
be payable by such Person at such time);

 

provided that
Indebtedness shall not include (x) Contingent Obligations Incurred in the ordinary course of business or consistent with
past practice, (y) in connection with the purchase by the Borrower or any Restricted Subsidiary of any business, any post-closing
payment adjustments to which the seller may become entitled to the extent such payment is determined by a final closing balance
sheet or such payment depends on the performance of such business after the closing; provided, however, that, at
the time of closing, the amount of any such payment is not determinable and, to the extent such payment thereafter becomes fixed
and determined, the amount is paid in a timely manner or (z) for the avoidance of doubt, any obligations or liabilities
that would be required to be classified and accounted for as an operating lease for financial reporting purposes in accordance
with GAAP as of the date hereof.

 

The amount of Indebtedness
of any Person at any date shall be determined as set forth above or as otherwise provided for in this Agreement, or otherwise shall
equal the amount thereof that would appear as a liability on a balance sheet of such Person (excluding any notes thereto) prepared
in accordance with GAAP.

 

“Indebtedness
to be Refinanced”: Indebtedness incurred pursuant to the Predecessor Term Loan Credit Agreement and the Senior Notes.

 

“Indemnified
Liabilities”: as defined in Subsection 11.5(d).

 

“Indemnitee”:
as defined in Subsection 11.5(d).

 

“Initial Agreement”:
as defined in Subsection 8.3(c).

 

“Initial Default”:
as defined in Subsection 1.2(c).

 

“Initial Lien”:
as defined in Subsection 8.6.

 

“Initial Term
Loan”: as defined in Subsection 2.1.

 

“Initial Term
Loan Commitment”: as to any Lender, its obligation to make Initial Term Loans to the Borrower pursuant to Subsection
2.1 in an aggregate amount not to exceed at any one time outstanding the amount set forth opposite such Lender’s name
in Schedule A under the heading “Initial Term Loan Commitment”; collectively, as to all the Lenders, the “Initial
Term Loan Commitments.” The original aggregate amount of the Initial Term Loan Commitments on the Closing Date is $415,000,000.

 

“Initial Term
Loan Facility”: as defined in the definition of “Facility.”

 

“Initial Term
Loan Maturity Date”: February 7, 2025.

 

    	 	- 40 -	 

     

    

 

“Insolvency”:
with respect to any Multiemployer Plan, the condition that such Plan is insolvent within the meaning of Section 4245 of ERISA.

 

“Installment
Date”: as defined in Subsection 2.2(b).

 

“Intellectual
Property”: as defined in Subsection 5.9.

 

“Intercreditor
Agreement Supplement”: as defined in Subsection 10.8(a).

 

“Interest Payment
Date”: (a) as to any ABR Loan, the last Business Day of each Fiscal Quarter to occur while such Loan is outstanding,
and the final maturity date of such Loan, (b) as to any Eurodollar Loan having an Interest Period of three months or less,
the last day of such Interest Period, and (c) as to any Eurodollar Loan having an Interest Period longer than three months,
(i) each day which is three months, or a whole multiple thereof, after the first day of such Interest Period and (ii)
the last day of such Interest Period.

 

“Interest Period”:
with respect to any Eurodollar Loan:

 

(a)          initially,
the period commencing on the borrowing or conversion date, as the case may be, with respect to such Eurodollar Loan and ending
(x) one, two, three or six months (or if agreed to by each affected Lender, 12 months or a shorter period) thereafter or
(y) on the last day of the first Fiscal Quarter ending after the Closing Date, as selected by the Borrower in its notice
of borrowing or notice of conversion, as the case may be, given with respect thereto; and

 

(b)          thereafter,
each period commencing on the last day of the next preceding Interest Period applicable to such Eurodollar Loan and ending one,
two, three or six months (or if agreed to by each affected Lender, 12 months or a shorter period) thereafter, as selected by the
Borrower by irrevocable notice to the Administrative Agent not less than three Business Days (or such shorter period as may be
agreed by the Administrative Agent in its reasonable discretion) prior to the last day of the then current Interest Period with
respect thereto; provided that all of the foregoing provisions relating to Interest Periods are subject to the following:

 

(i)          if
any Interest Period would otherwise end on a day that is not a Business Day, such Interest Period shall be extended to the next
succeeding Business Day unless the result of such extension would be to carry such Interest Period into another calendar month
in which event such Interest Period shall end on the immediately preceding Business Day;

 

(ii)         any
Interest Period that would otherwise extend beyond the applicable Maturity Date shall (for all purposes other than Subsection
4.12) end on the applicable Maturity Date;

 

(iii)        any
Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding
day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month; and

 

    	 	- 41 -	 

     

    

 

(iv)         the
Borrower shall select Interest Periods so as not to require a scheduled payment of any Eurodollar Loan during an Interest Period
for such Eurodollar Loan.

 

“Interest Rate
Agreement”: with respect to any Person, any interest rate protection agreement, future agreement, option agreement, swap
agreement, cap agreement, collar agreement, hedge agreement or other similar agreement or arrangement (including derivative agreements
or arrangements), as to which such Person is a party or a beneficiary.

 

“Interpolated
Screen Rate”: in relation to the LIBOR Rate for any Loan, the rate which results from interpolating on a linear basis
between: (a) the rate appearing on the ICE Benchmark Administration page (or on any successor or substitute page of such
service) for the longest period (for which that rate is available) which is less than the Interest Period and (b) the rate
appearing on the ICE Benchmark Administration page (or on any successor or substitute page of such service) for the shortest period
(for which that rate is available) which exceeds the Interest Period, each as of approximately 11:00 A.M. (London, England time),
two Business Days prior to the commencement of such Interest Period of that Loan.

 

“Inventory”:
goods held for sale, lease or use by a Person in the ordinary course of business, net of any reserve for goods that have been segregated
by such Person to be returned to the applicable vendor for credit, as determined in accordance with GAAP.

 

“Investment”:
in any Person by any other Person, any direct or indirect advance, loan or other extension of credit (other than to customers,
dealers, licensees, franchisees, suppliers, consultants, directors, officers or employees of any Person in the ordinary course
of business) or capital contribution (by means of any transfer of cash or other property to others or any payment for property
or services for the account or use of others) to, or any purchase or acquisition of Capital Stock, Indebtedness or other similar
instruments issued by, such Person. For purposes of the definition of “Unrestricted Subsidiary” and Subsection 8.2
only, (i) “Investment” shall include the portion (proportionate to the Borrower’s equity interest in such
Subsidiary) of the Fair Market Value of the net assets of any Subsidiary of the Borrower at the time that such Subsidiary is designated
an Unrestricted Subsidiary, provided that upon a redesignation of such Subsidiary as a Restricted Subsidiary, the Borrower
shall be deemed to continue to have a permanent “Investment” in an Unrestricted Subsidiary in an amount (if positive)
equal to (x) the Borrower’s “Investment” in such Subsidiary at the time of such redesignation less (y)
the portion (proportionate to the Borrower’s equity interest in such Subsidiary) of the Fair Market Value of the net assets
of such Subsidiary at the time of such redesignation, (ii) any property transferred to or from an Unrestricted Subsidiary
shall be valued at its Fair Market Value at the time of such transfer and (iii) for purposes of Subsection 8.2(a)(3)(C),
the amount resulting from the redesignation of any Unrestricted Subsidiary as a Restricted Subsidiary shall be the Fair Market
Value of the Investment in such Unrestricted Subsidiary at the time of such redesignation. Guarantees shall not be deemed to be
Investments. The amount of any Investment outstanding at any time shall be the original cost of such Investment, reduced (at the
Borrower’s option) by any dividend, distribution, interest payment, return of capital, repayment or other amount or value
received in respect of such Investment; provided that to the extent that the amount of Restricted Payments outstanding at
any time pursuant to Subsection 8.2(a) is so reduced by any portion of any such amount or value that would otherwise be
included in the calculation of Consolidated Net Income, such portion of such amount or value shall not be so included for purposes
of calculating the amount of Restricted Payments that may be made pursuant to Subsection 8.2(a).

 

    	 	- 42 -	 

     

    

 

“Investment
Company Act”: the Investment Company Act of 1940, as amended from time to time.

 

“Investment
Grade Rating”: a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent)
by S&P, or any equivalent rating by any other Rating Agency.

 

“Investment
Grade Securities”: (i) securities issued or directly and fully guaranteed or insured by the United States government
or any agency or instrumentality thereof (other than Cash Equivalents); (ii) debt securities or debt instruments with an
Investment Grade Rating, but excluding any debt securities or instruments constituting loans or advances among the Borrower and
its Subsidiaries; (iii) investments in any fund that invests exclusively in investments of the type described in clauses
(i) and (ii) above, which fund may also hold cash pending investment or distribution; and (iv) corresponding instruments
in countries other than the United States customarily utilized for high quality investments.

 

“Judgment Conversion
Date”: as defined in Subsection 11.8(a).

 

“Judgment Currency”:
as defined in Subsection 11.8(a).

 

“Junior Capital”:
collectively, any Indebtedness of any Parent Entity or the Borrower that (i) is not secured by any asset of the Borrower
or any Restricted Subsidiary, (ii) is expressly subordinated to the prior payment in full of the Term Loan Facility Obligations
hereunder on terms consistent with those for senior subordinated high yield debt securities issued by U.S. companies sponsored
by CD&R (as determined in good faith by the Borrower, which determination shall be conclusive), (iii) has a final maturity
date that is not earlier than, and provides for no scheduled payments of principal prior to, the date that is 91 days after the
Initial Term Loan Maturity Date (other than through conversion or exchange of any such Indebtedness for Capital Stock (other than
Disqualified Stock) of the Borrower, Capital Stock of any Parent Entity or any other Junior Capital), (iv) has no mandatory
redemption or prepayment obligations other than (a) obligations that are subject to the prior payment in full in cash of
the Term Loans and (b) pursuant to an escrow or similar arrangement with respect to the proceeds of such Junior Capital
and (v) does not require the payment of cash interest until the date that is 91 days after the Initial Term Loan Maturity
Date.

 

“Junior Debt”:
any Subordinated Obligations and Guarantor Subordinated Obligations.

 

“Junior Lien
Intercreditor Agreement”: an intercreditor agreement substantially in the form of Exhibit L to be entered into
as required by the terms hereof, as amended, supplemented, waived or otherwise modified from time to time.

 

“LCT Election”:
as defined in Subsection 1.2(j).

 

    	 	- 43 -	 

     

    

 

“LCT Test Date”:
as defined in Subsection 1.2(j).

 

“Lead Arrangers”:
Credit Suisse Securities (USA) LLC, RBC Capital Markets, UBS Securities LLC and Citigroup Global Markets Inc.

 

“Lender Default”:
(a) the refusal (which may be given verbally or in writing and has not been retracted) or failure of any Lender (including
any Agent in its capacity as Lender) to make available its portion of any incurrence of Loans, which refusal or failure is not
cured within two Business Days after the date of such refusal or failure, (b) the failure of any Lender (including any Agent
in its capacity as Lender) to pay over to the Administrative Agent or any other Lender any other amount required to be paid by
it hereunder within one Business Day of the date when due, unless the subject of a good faith dispute, (c) a Lender (including
any Agent in its capacity as Lender) has notified the Borrower or the Administrative Agent that it does not intend to comply with
its funding obligations hereunder, (d) a Lender (including any Agent in its capacity as Lender) has failed, within 10 Business
Days after request by the Administrative Agent, to confirm that it will comply with its funding obligations hereunder (provided
that such Lender Default pursuant to this clause (d) shall cease to be a Lender Default upon receipt of such confirmation by the
Administrative Agent) or (e) an Agent or a Lender has admitted in writing that it is insolvent or such Agent or Lender becomes
subject to a Lender-Related Distress Event or Bail-In Action.

 

“Lender Joinder
Agreement”: as defined in Subsection 2.6(c).

 

“Lender-Related
Distress Event”: with respect to any Agent or Lender (each, a “Distressed Person”), a voluntary or
involuntary case with respect to such Distressed Person under any debt relief law, or a custodian, conservator, receiver or similar
official is appointed for such Distressed Person or any substantial part of such Distressed Person’s assets, or such Distressed
Person makes a general assignment for the benefit of creditors or is otherwise adjudicated as, or determined by any Governmental
Authority having regulatory authority over such Distressed Person to be, insolvent or bankrupt; provided that a Lender-Related
Distress Event shall not be deemed to have occurred solely by virtue of the ownership or acquisition of any equity interests in
any Agent or Lender or any person that directly or indirectly controls such Agent or Lender by a Governmental Authority or an instrumentality
thereof; provided, further, that the appointment of an administrator, provisional liquidator, conservator, receiver,
trustee, custodian or other similar official by a supervisory authority or regulator with respect to an Agent or Lender or any
person that directly or indirectly controls such Agent or Lender under the Dutch Financial Supervision Act 2007 (as amended from
time to time and including any successor legislation) shall not be a “Lender-Related Distress Event” with respect to
such Agent or Lender or any person that directly or indirectly controls such Agent or Lender.

 

“Lenders”:
the several lenders from time to time parties to this Agreement together with, in the case of any such lender that is a bank or
financial institution, any affiliate of any such bank or financial institution through which such bank or financial institution
elects, by notice to the Administrative Agent and the Borrower, to make any Loans available to the Borrower, provided that
for all purposes of voting or consenting with respect to (a) any amendment, supplement or modification of or to any Loan
Document, (b) any waiver of any of the requirements of any Loan Document or any Default or Event of Default and its consequences
or (c) any other matter as to which a Lender may vote or consent pursuant to Subsection 11.1, the bank or financial
institution making such election shall be deemed the “Lender” rather than such affiliate, which shall not be
entitled to so vote or consent.

 

    	 	- 44 -	 

     

    

 

“Letter of Credit
Facility”: any facility, in each case with one or more banks or other lenders, institutions or financing providers providing
for letters of credit or bank guarantees, in each case including all agreements, instruments and documents executed and delivered
pursuant to or in connection with any of the foregoing.

 

“Leverage Excess
Proceeds”: as defined in Subsection 8.4(b).

 

“Liabilities”:
collectively, any and all claims, obligations, liabilities, causes of action, actions, suits, proceedings, investigations, judgments,
decrees, losses, damages, fees, costs and expenses (including interest, penalties and fees and disbursements of attorneys, accountants,
investment bankers and other professional advisors), in each case whether incurred, arising or existing with respect to third parties
or otherwise at any time or from time to time.

 

“LIBOR Rate”:
with respect to each day during each Interest Period pertaining to a Eurodollar Loan, the rate per annum determined by the Administrative
Agent to be:

 

(a)          the
London Interbank Offered Rate for deposits in Dollars for a duration equal to or comparable to the duration of such Interest Period
which appears on the relevant Reuters Monitor Money Rates Service page (being currently the page designated as “LIBO”)
(or such other commercially available source providing quotations of the London Interbank Offered Rate for deposits in Dollars
as may be designated by the Administrative Agent from time to time and as consented to by the Borrower) at or about 11:00 A.M.
(London, England time) two London Business Days before the first day of such Interest Period; or

 

(b)          if
no such page (or other source) is available, the Interpolated Screen Rate; or

 

(c)          if
no such page (or other source) is available and it is not possible to calculate an Interpolated Screen Rate for the applicable
Loan, (x) if consented to by the Borrower, the arithmetic mean of the rates per annum as supplied to the Administrative
Agent at its request quoted by the Reference Banks to leading banks in the London interbank market two London Business Days before
the first day of such Interest Period for deposits in Dollars of a duration equal to the duration of such Interest Period; provided
that any Reference Bank that has failed to provide a quote in accordance with Subsection 4.6(c) shall be disregarded for
purposes of determining the mean, or (y) if consented to by the Borrower, the average of the rates per annum quoted by the
Administrative Agent to leading banks in the London interbank market at or about 11:00 A.M. (London, England time) two London Business
Days before the first day of such Interest Period for deposits in Dollars of a duration equal to the duration of such Interest
Period;

 

provided, that
if any such rate determined pursuant to the preceding clauses (a) through (c) is less than zero, the LIBOR Rate will be deemed
to be zero.

 

    	 	- 45 -	 

     

    

 

“Lien”:
any mortgage, pledge, security interest, encumbrance, lien or charge of any kind (including any conditional sale or other title
retention agreement or lease in the nature thereof).

 

“Limited Condition
Transaction”: (x) any acquisition, including by way of merger, amalgamation, consolidation or other business combination
or the acquisition of Capital Stock or otherwise, by one or more of the Borrower and its Subsidiaries of any assets, business or
Person, or any other Investment permitted by this Agreement, in each case, whose consummation is not conditioned on the availability
of, or on obtaining, third party financing or (y) any redemption, repurchase, defeasance, satisfaction and discharge or
repayment of Indebtedness, Disqualified Stock or Preferred Stock requiring irrevocable notice in advance of such redemption, repurchase,
defeasance, satisfaction and discharge or repayment.

 

“Loan”:
each Initial Term Loan, Incremental Term Loan, Extended Term Loan, Specified Refinancing Loan or Incremental Revolving Loan, as
the context requires; collectively, the “Loans.”

 

“Loan Documents”:
this Agreement, any Notes, the Guarantee and Collateral Agreement, the ABL/Term Loan Intercreditor Agreement, any Junior Lien Intercreditor
Agreement (on and after the execution thereof), each Other Intercreditor Agreement (on and after the execution thereof) and any
other Security Documents, each as amended, supplemented, waived or otherwise modified from time to time.

 

“Loan Parties”:
the Borrower and the Subsidiary Guarantors; each individually, a “Loan Party.”

 

“Management
Advances”: (1) loans or advances made to management members, directors, officers, employees or consultants of
any Parent Entity, the Borrower or any Restricted Subsidiary (x) in respect of travel, entertainment or moving related expenses
incurred in the ordinary course of business, (y) in respect of moving related expenses incurred in connection with any closing
or consolidation of any facility, or (z) in the ordinary course of business and (in the case of this clause (z)) not exceeding
$15,000,000 in the aggregate outstanding at any time, (2) promissory notes of Management Investors acquired in connection
with the issuance of Management Stock to such Management Investors, (3) Management Guarantees, or (4) other Guarantees
of borrowings by Management Investors in connection with the purchase of Management Stock, which Guarantees are permitted under
Subsection 8.1.

 

“Management
Guarantees”: guarantees (x) of up to an aggregate principal amount outstanding at any time of $15,000,000 of borrowings
by Management Investors in connection with their purchase of Management Stock or (y) made on behalf of, or in respect of
loans or advances made to, directors, officers, employees or consultants of any Parent Entity, the Borrower or any Restricted Subsidiary
(1) in respect of travel, entertainment and moving related expenses incurred in the ordinary course of business, or (2)
in the ordinary course of business and (in the case of this clause (2)) not exceeding $7,500,000 in the aggregate outstanding at
any time.

 

    	 	- 46 -	 

     

    

 

“Management
Indebtedness”: Indebtedness Incurred to (a) any Person other than a Management Investor of up to an aggregate
principal amount outstanding at any time of $15,000,000, and (b) any Management Investor, in each case, to finance the repurchase
or other acquisition of Capital Stock of the Borrower, any Restricted Subsidiary or any Parent Entity (including any options, warrants
or other rights in respect thereof) from any Management Investor, which repurchase or other acquisition of Capital Stock is permitted
by Subsection 8.2.

 

“Management
Investors”: the management members, officers, directors, employees and other members of management of any Parent Entity,
the Borrower or any of their respective Subsidiaries, or family members or relatives of any of the foregoing (provided that,
solely for purposes of the definition of “Permitted Holders”, such relatives shall include only those Persons who are
or become Management Investors in connection with estate planning for or inheritance from other Management Investors, as determined
in good faith by the Borrower, which determination shall be conclusive), or trusts, partnerships or limited liability companies
for the benefit of any of the foregoing, or any of their heirs, executors, successors and legal representatives, who at any date
beneficially own or have the right to acquire, directly or indirectly, Capital Stock of the Borrower, any Restricted Subsidiary
or any Parent Entity.

 

“Management
Stock”: Capital Stock of the Borrower, any Restricted Subsidiary or any Parent Entity (including any options, warrants
or other rights in respect thereof) held by any of the Management Investors.

 

“Margin Stock”:
as defined in Regulation U of the Board as from time to time in effect and all official rulings and interpretations thereunder
or thereof.

 

“Market Capitalization”:
an amount equal to (i) the total number of issued and outstanding shares of capital stock of the Borrower or any Parent
Entity on the date of declaration of the relevant dividend or making of any other Restricted Payment, as applicable, multiplied
by (ii) the arithmetic mean of the closing prices per share of such capital stock on the New York Stock Exchange (or, if
the primary listing of such capital stock is on another exchange, on such other exchange) for the 30 consecutive trading days immediately
preceding such date.

 

“Material Adverse
Effect”: a material adverse effect on (a) the business, operations, property or condition (financial or otherwise)
of the Borrower and its Restricted Subsidiaries taken as a whole, (b) the validity or enforceability as to the Loan Parties
(taken as a whole) party thereto of the Loan Documents taken as a whole or (c) the rights or remedies of the Agents and
the Lenders under the Loan Documents, in each case, taken as a whole.

 

“Material Subsidiaries”:
Restricted Subsidiaries of the Borrower constituting, individually or in the aggregate (as if such Restricted Subsidiaries constituted
a single Subsidiary), a “significant subsidiary” in accordance with Rule 1-02 under Regulation S-X.

 

“Materials of
Environmental Concern”: any hazardous or toxic substances or materials or wastes defined, listed, or regulated as such
in or under, or which may give rise to liability under, any applicable Environmental Law, including gasoline, petroleum (including
crude oil or any fraction thereof), petroleum products or by-products, asbestos and polychlorinated biphenyls.

 

    	 	- 47 -	 

     

    

 

“Maturity Date”:
(i) for the Initial Term Loans, the Initial Term Loan Maturity Date, (ii) for any Extended Tranche, the “Maturity Date”
set forth in the applicable Extension Amendment, (iii) for any Incremental Commitments, the “Maturity Date” set forth
in the applicable Incremental Commitment Amendment, and (iv) for any Specified Refinancing Tranche, the “Maturity Date”
set forth in the applicable Specified Refinancing Amendment, in each case as the context may require.

 

“Maximum Incremental
Facilities Amount”: at any date of determination, the sum of (i) an amount equal to the greater of (1)
$167,500,000 and (2) Consolidated Four Quarter EBITDA (amounts Incurred pursuant to this clause (i), the “Cash
Capped Incremental Facility”) plus (ii) an unlimited amount if, after giving effect to the Incurrence of
such amount (or, at the Borrower’s option, on the date of the initial commitment to lend such additional amount after giving
pro forma effect to the Incurrence of the entire committed amount of such additional amount), the Consolidated Secured Leverage
Ratio shall not exceed 3.50 to 1.00 (as set forth in a certificate of a Responsible Officer of the Borrower delivered to the Administrative
Agent at the time of such Incurrence, together with calculations demonstrating compliance with such ratio (amounts Incurred pursuant
to this clause (ii), the “Ratio Incremental Facility”) (it being understood that (A) if pro forma effect
is given to the entire committed amount of any such additional amount on the date of initial borrowing of such Indebtedness or
entry into the definitive agreement providing the commitment to fund such Indebtedness, such committed amount may thereafter be
borrowed and reborrowed in whole or in part, from time to time, without further compliance with this clause (ii) and (B)
for purposes of so calculating the Consolidated Secured Leverage Ratio under this clause (ii), any additional amount Incurred pursuant
to this clause (ii) shall be treated as if such amount is Consolidated Secured Indebtedness, regardless of whether such amount
is actually secured or is secured by Liens ranking junior to the Liens securing the Term Loan Facility Obligations)); provided
that, at the Borrower’s option, capacity under the Ratio Incremental Facility shall be deemed to be used before capacity
under the Cash Capped Incremental Facility (and in such event, capacity under the Ratio Incremental Facility shall be calculated
without giving effect to any usage or capacity under the Cash Capped Incremental Facility).

 

“Minimum Exchange
Tender Condition”: as defined in Subsection 2.7(b).

 

“Minimum Extension
Condition”: as defined in Subsection 2.8(g).

 

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

 

“Mortgaged Fee
Properties”: the collective reference to each real property owned in fee simple by the Loan Parties (i) as of
the Closing Date and listed on Schedule 5.8 (if any) and (ii) following the Closing Date, to the extent required to be mortgaged
as Collateral pursuant to the requirements of Subsection 7.9, including the land and all buildings, improvements, structures
and fixtures now or subsequently located thereon and owned by any such Loan Party, in each case, unless and until such time as
the Mortgage on such real property is released in accordance with the terms and provisions hereof and thereof.

 

    	 	- 48 -	 

     

    

 

“Mortgages”:
the collective reference to the mortgages and deeds of trust, or similar security instruments, executed and delivered by any Loan
Party in favor of the Collateral Agent, substantially in the form of Exhibit C, as the same may be amended, supplemented,
waived or otherwise modified from time to time.

 

“Multiemployer
Plan”: a Plan which is a multiemployer plan as defined in Section 4001(a)(3) of ERISA.

 

“Net Available
Cash”: from an Asset Disposition or Recovery Event, an amount equal to the cash payments received (including any cash
payments received by way of deferred payment of principal pursuant to a note or installment receivable or otherwise, but only as
and when received, but excluding any other consideration received in the form of assumption by the acquiring Person of Indebtedness
or other obligations relating to the properties or assets that are the subject of such Asset Disposition or Recovery Event or received
in any other non-cash form) therefrom, in each case net of (i) all legal, title and recording tax expenses, commissions
and other fees and expenses incurred and all Federal, state, provincial, foreign and local taxes required to be paid or to be accrued
as a liability under GAAP, in each case, as a consequence of, or in respect of, such Asset Disposition or Recovery Event (including
as a consequence of any transfer of funds in connection with the application thereof in accordance with Subsection 8.4),
(ii) all payments made, and all installment payments required to be made, on any Indebtedness (other than Indebtedness secured
by Liens on the Collateral that are required by the express terms of this Agreement to be pari passu with or junior to the
Liens on the Collateral securing the Term Loan Facility Obligations) (x) that is secured by any assets subject to such Asset
Disposition or involved in such Recovery Event, in accordance with the terms of any Lien upon such assets, or (y) that must
by its terms, or in order to obtain a necessary consent to such Asset Disposition, or by applicable law, be repaid out of the proceeds
from such Asset Disposition or Recovery Event, including but not limited to any payments required to be made to increase borrowing
availability under any revolving credit facility, (iii) all distributions and other payments required to be made to minority
interest holders in Subsidiaries or joint ventures as a result of such Asset Disposition or Recovery Event, or to any other Person
(other than the Borrower or a Restricted Subsidiary) owning a beneficial interest in the assets disposed of in such Asset Disposition
or subject to such Recovery Event, (iv) any liabilities or obligations associated with the assets disposed of in such Asset
Disposition or involved in such Recovery Event and retained, indemnified or insured by the Borrower or any Restricted Subsidiary
after such Asset Disposition or Recovery Event, including pension and other post-employment benefit liabilities, liabilities related
to environmental matters, and liabilities relating to any indemnification obligations associated with such Asset Disposition or
Recovery Event, (v) in the case of an Asset Disposition, the amount of any purchase price or similar adjustment (x)
claimed by any Person to be owed by the Borrower or any Restricted Subsidiary, until such time as such claim shall have been settled
or otherwise finally resolved, or (y) paid or payable by the Borrower or any Restricted Subsidiary, in each case in respect
of such Asset Disposition and (vi) in the case of any Recovery Event, any amount thereof that constitutes or represents
reimbursement or compensation for any amount previously paid or to be paid by the Borrower or any of its Subsidiaries.

 

“Net Available
Cash Amount”: as defined in Subsection 8.4(b).

 

    	 	- 49 -	 

     

    

 

“Net Cash Proceeds”:
with respect to any issuance or sale of any securities of, or any Incurrence of Indebtedness by, the Borrower or any Subsidiary,
or any capital contribution to the Borrower or any Subsidiary, the cash proceeds of such issuance, sale, Incurrence or contribution
received by the Borrower or such Subsidiary net of attorneys’ fees, accountants’ fees, underwriters’ or placement
agents’ fees, discounts or commissions and brokerage, consultant and other fees actually incurred in connection with such
issuance, sale, contribution or Incurrence and net of all taxes paid or payable as a result, or in respect, thereof.

 

“New York Courts”:
as defined in Subsection 11.13(a).

 

“New York Supreme
Court”: as defined in Subsection 11.13(a).

 

“Non-Consenting
Lender”: as defined in Subsection 11.1(g).

 

“Non-Excluded
Taxes”: all Taxes other than Excluded Taxes.

 

“Non-Extending
Lender”: as defined in Subsection 2.8(e).

 

“Non-Wholly
Owned Subsidiary”: each Subsidiary that is not a Wholly Owned Subsidiary.

 

“Note”:
as defined in Subsection 2.2(a).

 

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

 

“NYFRB Rate”:
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 none of such rates are published for any day that is a Business Day, the term “NYFRB Rate” means the
rate for a federal funds transaction quoted 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 shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

 

“Obligation
Currency”: as defined in Subsection 11.8(a).

 

“Obligations”:
with respect to any Indebtedness, any principal, premium (if any), interest (including interest accruing on or after the filing
of any petition in bankruptcy or for reorganization relating to the Borrower or any Restricted Subsidiary whether or not a claim
for post-filing interest is allowed in such proceedings), fees, charges, expenses, reimbursement obligations, Guarantees of such
Indebtedness (or of Obligations in respect thereof), other monetary obligations of any nature and all other amounts payable thereunder
or in respect thereof.

 

“Offered Amount”:
as defined in Subsection 4.4(h)(iv)(1).

 

“Offered Discount”:
as defined in Subsection 4.4(h)(iv)(1).

 

    	 	- 50 -	 

     

    

 

“OID”:
as defined in Subsection 2.6(d).

 

“Organizational
Documents”: with respect to any Person, (a) the articles of incorporation, certificate of incorporation or certificate
of formation (or the equivalent organizational documents) of such Person and (b) the bylaws, operating agreement or partnership
agreement (or the equivalent governing documents) of such Person.

 

“Other Intercreditor
Agreement”: an intercreditor agreement in form and substance reasonably satisfactory to the Borrower and the Collateral
Agent.

 

“Other Representatives”:
Credit Suisse Securities (USA) LLC, RBC Capital Markets, UBS Securities LLC and Citigroup Global Markets Inc., in their capacities
as joint lead arrangers and joint bookrunners, and Royal Bank of Canada and UBS Securities LLC, in their capacities as Syndication
Agents.

 

“Outstanding
Amount”: with respect to the Loans on any date, the principal amount thereof after giving effect to any borrowings and
prepayments or repayments thereof occurring on such date.

 

“Overnight Bank
Funding Rate”: 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 (from and after such date as the NYFRB shall commence to publish such composite rate).

 

“Parent Entity”:
any Other Parent and any other Person that is a Subsidiary of any Other Parent and of which the Borrower is a Subsidiary. As used
herein, “Other Parent” means a Person of which the Borrower becomes a Subsidiary after the Closing Date that
is designated by the Borrower as an “Other Parent”; provided that either (x) immediately after the Borrower
first becomes a Subsidiary of such Person, more than 50.0% of the Voting Stock of such Person shall be held by one or more Persons
that held more than 50.0% of the Voting Stock of the Borrower or a Parent Entity of the Borrower immediately prior to the Borrower
first becoming such Subsidiary or (y) such Person shall be deemed not to be an Other Parent for the purpose of determining
whether a Change of Control shall have occurred by reason of the Borrower first becoming a Subsidiary of such Person. The Borrower
shall not in any event be deemed to be a “Parent Entity.”

 

    	 	- 51 -	 

     

    

 

“Parent Expenses”:
  (i) costs (including all professional fees and expenses) incurred by any Parent Entity in connection with maintaining its
existence or in connection with its reporting obligations under, or in connection with compliance with, applicable laws or applicable
rules of any governmental, regulatory or self-regulatory body or stock exchange, this Agreement or any other agreement or instrument
relating to Indebtedness of the Borrower or any Restricted Subsidiary, including in respect of any reports filed with respect to
the Securities Act, the Exchange Act or the respective rules and regulations promulgated thereunder, (ii) expenses incurred
by any Parent Entity in connection with the acquisition, development, maintenance, ownership, prosecution, protection and defense
of its intellectual property and associated rights (including but not limited to trademarks, service marks, trade names, trade
dress, patents, copyrights and similar rights, including registrations and registration or renewal applications in respect thereof;
inventions, processes, designs, formulae, trade secrets, know-how, confidential information, computer software, data and documentation,
and any other intellectual property rights; and licenses of any of the foregoing) to the extent such intellectual property and
associated rights relate to the business or businesses of the Borrower or any Subsidiary thereof, (iii) indemnification
obligations of any Parent Entity owing to directors, officers, employees or other Persons under its charter or bylaws or pursuant
to written agreements with or for the benefit of any such Person (including the CD&R Indemnification Agreement), or obligations
in respect of director and officer insurance (including premiums therefor), (iv) other administrative and operational expenses
of any Parent Entity incurred in the ordinary course of business, (v) fees and expenses incurred by any Parent Entity in
connection with maintenance and implementation of any management equity incentive plan associated with the management of the Borrower
and its Subsidiaries, and (vi) fees and expenses incurred by any Parent Entity in connection with any offering of Capital
Stock or Indebtedness, (w) which offering is not completed, or (x) where the net proceeds of such offering are intended
to be received by or contributed or loaned to the Borrower or a Restricted Subsidiary, or (y) in a prorated amount of such
expenses in proportion to the amount of such net proceeds intended to be so received, contributed or loaned, or (z) otherwise
on an interim basis prior to completion of such offering so long as any Parent Entity shall cause the amount of such expenses to
be repaid to the Borrower or the relevant Restricted Subsidiary out of the proceeds of such offering promptly if completed.

 

“Pari Passu
Indebtedness”: Indebtedness secured by a Lien on the Collateral ranking pari passu with the Liens securing the
Term Loan Facility Obligations.

 

“Participant”:
as defined in Subsection 11.6(c).

 

“Participant
Register”: as defined in Subsection 11.6(b)(v).

 

“Participating
Lender”: as defined in Subsection 4.4(h)(iii)(2).

 

“Patriot Act”:
as defined in Subsection 11.18.

 

“PBGC”:
the Pension Benefit Guaranty Corporation established pursuant to Subtitle A of Title IV of ERISA (or any successor thereto).

 

“Permitted Affiliated
Assignee”: CD&R, any investment fund managed or controlled by CD&R and any special purpose vehicle established
by CD&R or by one or more of such investment funds.

 

“Permitted Debt
Exchange”: as defined in Subsection 2.7(a).

 

“Permitted Debt
Exchange Notes”: as defined in Subsection 2.7(a).

 

“Permitted Debt
Exchange Offer”: as defined in Subsection 2.7(a).

 

    	 	- 52 -	 

     

    

 

“Permitted Holders”:
any of the following: (i) any of the CD&R Investors; (ii) any of the Management Investors, CD&R and
their respective Affiliates; (iii) any investment fund or vehicle managed, sponsored or advised by CD&R or any Affiliate
thereof, and any Affiliate of or successor to any such investment fund or vehicle; (iv) any limited or general partners
of, or other investors in, any CD&R Investor or any Affiliate thereof, or any such investment fund or vehicle; (v) any
“group” (as such term is used in Sections 13(d) and 14(d) of the Exchange Act as in effect on the Closing Date) of
which any of the Persons specified in clause (i), (ii), (iii) or (iv) above is a member (provided that (without giving effect
to the existence of such “group” or any other “group”) one or more of such Persons collectively have beneficial
ownership, directly or indirectly, of more than 50.0% of the total voting power of the Voting Stock of the Borrower or the Parent
Entity held by such “group”), and any other Person that is a member of such “group”; and (vi) any
Person acting in the capacity of an underwriter (solely to the extent that and for so long as such Person is acting in such capacity)
in connection with a public or private offering of Capital Stock of any Parent Entity or the Borrower. In addition, any “person”
(as such term is used in Sections 13(d) and 14(d) of the Exchange Act as in effect on the Closing Date) whose status as a “beneficial
owner” (as defined in Rules 13d-3 and 13d-5 under the Exchange Act as in effect on the Closing Date) constitutes or results
in a Change of Control in respect of which the Borrower makes payment in full of the Loans as provided in clause (i) of Subsection
8.8(a) (whether or not in connection with any repayment or repurchase of Indebtedness outstanding pursuant to Junior Debt),
or makes a Change of Control Offer pursuant to Subsection 8.8(a), together with its Affiliates, shall thereafter constitute
Permitted Holders.

 

“Permitted Investment”:
an Investment by the Borrower or any Restricted Subsidiary in, or consisting of, any of the following:

 

(i)          a
Restricted Subsidiary, the Borrower, or a Person that will, upon the making of such Investment, become a Restricted Subsidiary
(and any Investment (x) held by such Person that was not acquired by such Person, or, (y) made pursuant to a commitment
by such Person that was not entered into, in contemplation of so becoming a Restricted Subsidiary);

 

(ii)         another
Person if as a result of such Investment such other Person is merged or consolidated with or into, or transfers or conveys all
or substantially all its assets to, or is liquidated into, the Borrower or a Restricted Subsidiary (and, in each case, any Investment
(x) held by such other Person that was not acquired by such Person, or (y) made pursuant to a commitment by such
Person that was not entered into, in contemplation of such merger, consolidation or transfer);

 

(iii)        Temporary
Cash Investments, Investment Grade Securities or Cash Equivalents;

 

(iv)         receivables
owing to the Borrower or any Restricted Subsidiary, if created or acquired in the ordinary course of business;

 

(v)          any
securities or other Investments received as consideration in, or retained in connection with, sales or other dispositions of property
or assets, including Asset Dispositions made in compliance with Subsection 8.4;

 

    	 	- 53 -	 

     

    

 

(vi)         securities
or other Investments received in settlement of debts created in the ordinary course of business and owing to, or of other claims
asserted by, the Borrower or any Restricted Subsidiary, or as a result of foreclosure, perfection or enforcement of any Lien, or
in satisfaction of judgments, including in connection with any bankruptcy proceeding or other reorganization of another Person;

 

(vii)        Investments
in existence or made pursuant to legally binding written commitments in existence on the Closing Date and set forth on Schedule
1.1(a), and, in each case, any extension, modification, replacement, reinvestment or renewal thereof; provided that
the amount of any such Investment may be increased in such extension, modification, replacement, reinvestment or renewal only (x)
as required by the terms of such Investment or any such binding commitment as in existence on the Closing Date (including as a
result of the accrual or accretion of interest or original issue discount or the issuance of pay-in-kind securities) or (y)
as otherwise permitted by this Agreement;

 

(viii)      Currency
Agreements, Interest Rate Agreements, Commodities Agreements and related Hedging Obligations, which obligations are Incurred in
compliance with Subsection 8.1;

 

(ix)         pledges
or deposits (x) with respect to leases or utilities provided to third parties in the ordinary course of business or (y)
otherwise described in the definition of “Permitted Liens” or made in connection with Liens permitted under Subsection
8.6;

 

(x)          (1)
Investments in or by any Special Purpose Subsidiary, or in connection with a Financing Disposition by, to, in or in favor of any
Special Purpose Entity, including Investments of funds held in accounts permitted or required by the arrangements governing such
Financing Disposition or any related Indebtedness, or (2) any promissory note issued by the Borrower or any Parent
Entity, provided that if such Parent Entity receives cash from the relevant Special Purpose Entity in exchange for such
note, an equal cash amount is contributed by any Parent Entity to the Borrower;

 

(xi)         bonds
secured by assets leased to and operated by the Borrower or any Restricted Subsidiary that were issued in connection with the financing
of such assets so long as the Borrower or any Restricted Subsidiary may obtain title to such assets at any time by paying a nominal
fee, canceling such bonds and terminating the transaction;

 

(xii)        [reserved];

 

(xiii)      any
Investment to the extent made using Capital Stock of the Borrower (other than Disqualified Stock), Capital Stock of any Parent
Entity or Junior Capital as consideration;

 

(xiv)        Management
Advances;

 

(xv)         Investments
in Related Businesses in an aggregate amount outstanding at any time not to exceed an amount equal to the greater of $100,000,000
and 60% of Consolidated Four Quarter EBITDA; provided that the aggregate amount of Investments outstanding at any time pursuant
to this clause (xv) by Restricted Subsidiaries that are not Subsidiary Guarantors shall not exceed the greater of $50,000,000 and
30% of Consolidated Four Quarter EBITDA;

 

    	 	- 54 -	 

     

    

 

(xvi)        any
transaction to the extent it constitutes an Investment that is permitted by and made in accordance with the provisions of Subsection
8.5(b) (except transactions described in clauses (i), (ii)(4), (iii), (v), (vi), (ix) and (x) therein), including any Investment
pursuant to any transaction described in Subsection 8.5(b)(ii) (whether or not any Person party thereto is at any time an
Affiliate of the Borrower);

 

(xvii)      any
Investment by any Captive Insurance Subsidiary in connection with the provision of insurance to the Borrower or any of its Subsidiaries;

 

(xviii)     other
Investments in an aggregate amount outstanding at any time not to exceed an amount equal to the greater of $100,000,000 and 60%
of Consolidated Four Quarter EBITDA; and

 

(xix)        Investments
in prepaid expenses, negotiable instruments held for collection and lease, utility and workers compensation, performance and similar
deposits entered into as a result of the operations of the business of the Borrower or any of its Restricted Subsidiaries in the
ordinary course of business or consistent with past practice.

 

If any Investment pursuant
to clause (xv) or (xviii) above, or Subsection 8.2(b)(vi) or 8.2(b)(xv), as applicable, is made in any Person that
is not a Restricted Subsidiary and such Person thereafter (A) becomes a Restricted Subsidiary or (B) is merged or
consolidated into, or transfers or conveys all or substantially all of its assets to, or is liquidated into, the Borrower or a
Restricted Subsidiary, then such Investment shall thereafter be deemed to have been made pursuant to clause (i) or (ii) above,
respectively, and not clause (xv) or (xviii) above, or Subsection 8.2(b)(vi) or 8.2(b)(xv), as applicable.

 

“Permitted Liens”:

 

(a)          Liens
for taxes, assessments or other governmental charges not yet delinquent or the nonpayment of which in the aggregate would not reasonably
be expected to have a material adverse effect on the Borrower and its Restricted Subsidiaries, taken as a whole, or that are being
contested in good faith and by appropriate proceedings if adequate reserves with respect thereto are maintained on the books of
the Borrower or a Subsidiary thereof, as the case may be, in accordance with GAAP;

 

(b)          Liens
with respect to outstanding motor vehicle fines and carriers’, warehousemen’s, mechanics’, landlords’,
materialmen’s, repairmen’s or other like Liens arising in the ordinary course of business in respect of obligations
that are not known to be overdue for a period of more than 60 days or that are bonded or that are being contested in good faith
and by appropriate proceedings or that do not materially detract from the value of the Borrower’s or such Person’s
property or assets;

 

(c)          pledges,
deposits or Liens in connection with workers’ compensation, professional liability insurance, insurance programs, unemployment
insurance and other social security and other similar legislation or other insurance-related obligations (including pledges or
deposits securing liability to insurance carriers under insurance or self-insurance arrangements);

 

    	 	- 55 -	 

     

    

 

(d)          pledges,
deposits or Liens to secure the performance of bids, tenders, trade, government or other contracts (other than for borrowed money),
obligations for utilities, leases, licenses, statutory obligations, completion guarantees, surety, judgment, appeal or performance
bonds, other similar bonds, instruments or obligations, and other obligations of a like nature incurred in the ordinary course
of business;

 

(e)          easements
(including reciprocal easement agreements), rights-of-way, building, zoning and similar restrictions, utility agreements, covenants,
reservations, restrictions, encroachments, charges, and other similar encumbrances or title defects incurred, or leases or subleases
granted to others, whether or not of record and whether now in existence or hereafter entered into, in the ordinary course of business,
which do not in the aggregate materially interfere with the ordinary conduct of the business of the Borrower and its Subsidiaries,
taken as a whole;

 

(f)          Liens
existing on, or provided for under written arrangements existing on, the Closing Date and set forth on Schedule 1.1(b),
or (in the case of any such Liens securing Indebtedness of the Borrower or any of its Subsidiaries existing or arising under written
arrangements existing on the Closing Date) securing any Refinancing Indebtedness in respect of such Indebtedness, so long as the
Lien securing such Refinancing Indebtedness is limited to all or part of the same property or assets (plus improvements, accessions,
proceeds or dividends or distributions in respect thereof) that secured (or under such written arrangements could secure) the original
Indebtedness;

 

(g)          (i)
mortgages, liens, security interests, restrictions, encumbrances or any other matters of record that have been placed by any developer,
landlord or other third party on property over which the Borrower or any Restricted Subsidiary of the Borrower has easement rights
or on any leased property and subordination or similar agreements relating thereto and (ii) any condemnation or eminent
domain proceedings affecting any real property;

 

(h)          Liens
securing Indebtedness (including Liens securing any Obligations in respect thereof) consisting of Hedging Obligations, Bank Products
Obligations, Purchase Money Obligations or Financing Lease Obligations Incurred in compliance with Subsection 8.1;

 

(i)          Liens
arising out of judgments, decrees, orders or awards in respect of which the Borrower or any Restricted Subsidiary shall in good
faith be prosecuting an appeal or proceedings for review, which appeal or proceedings shall not have been finally terminated, or
if the period within which such appeal or proceedings may be initiated shall not have expired;

 

(j)          leases,
subleases, licenses or sublicenses to or from third parties;

 

    	 	- 56 -	 

     

    

 

(k)          Liens
securing Indebtedness (including Liens securing any Obligations in respect thereof) consisting of (1) Indebtedness Incurred
in compliance with Subsection 8.1(b)(i) pursuant to (a) this Agreement and the other Loan Documents, (b) the
Senior ABL Facility, (c) any Permitted Debt Exchange Notes (and any Refinancing Indebtedness in respect thereof), (d) any
Rollover Indebtedness (and any Refinancing Indebtedness in respect thereof), (e) any Additional Obligations (and any Refinancing
Indebtedness in respect thereof) and (f) Letter of Credit Facilities (and any Refinancing Indebtedness in respect thereof),
provided, that any Liens on Collateral pursuant to subclause (b), (c), (d) or (e) of this clause
(k)(1) shall be subject to the ABL/Term Loan Intercreditor Agreement, any Junior Lien Intercreditor Agreement or an Other Intercreditor
Agreement, as applicable, (2) Indebtedness Incurred in compliance with clauses (b)(iv), (b)(v), (b)(vii),
(b)(viii), (b)(xvi) or clauses (b)(iii)(B) and (C) of Subsection 8.1 (other than Refinancing
Indebtedness Incurred in respect of Indebtedness described in Subsection 8.1(a)), (3) any Indebtedness Incurred in
compliance with Subsection 8.1(b)(xiii) or (xvii), provided that any Liens securing such Indebtedness shall
rank junior to the Liens securing the Term Loan Facility Obligations and shall be subject to a Junior Lien Intercreditor Agreement
or an Other Intercreditor Agreement, as applicable, (4) (A) Acquisition Indebtedness Incurred in compliance
with Subsection 8.1(b)(x) or (xi); provided that (x) such Liens are limited to all or part of
the same property or assets, including Capital Stock (plus improvements, accessions, proceeds or dividends or distributions in
respect thereof, or replacements of any thereof) acquired, or of any Person acquired or merged or consolidated with or into the
Borrower or any Restricted Subsidiary, in any transaction to which such Acquisition Indebtedness relates or (y) on
the date of the Incurrence of such Indebtedness after giving effect to such Incurrence, the Consolidated Secured Leverage Ratio
would equal or be less than the Consolidated Secured Leverage Ratio immediately prior to giving effect thereto or (z) such
Liens rank junior to the Liens securing the Term Loan Facility Obligations and shall be subject to a Junior Lien Intercreditor
Agreement or an Other Intercreditor Agreement, as applicable, or (B) any Refinancing Indebtedness Incurred in respect
thereof, (5) Indebtedness of any Restricted Subsidiary that is not a Subsidiary Guarantor (limited, in the case of
this clause (k)(5), to Liens on any of the property and assets of any Restricted Subsidiary that is not a Subsidiary Guarantor),
or (6) obligations in respect of Management Advances or Management Guarantees, in each case under the foregoing clauses
(1) through (6) including Liens securing any Guarantee of any thereof;

 

(l)          Liens
existing on property or assets of a Person at, or provided for under written arrangements existing at, the time such Person becomes
a Subsidiary of the Borrower (or at the time the Borrower or a Restricted Subsidiary acquires such property or assets, including
any acquisition by means of a merger or consolidation with or into the Borrower or any Restricted Subsidiary); provided,
however, that such Liens or arrangements are not created in connection with, or in contemplation of, such other Person becoming
such a Subsidiary (or such acquisition of such property or assets), and that such Liens are limited to all or part of the same
property or assets (plus improvements, accessions, proceeds or dividends or distributions in respect thereof) that secured (or,
under the written arrangements under which such Liens arose, could secure) the obligations to which such Liens relate; provided,
further, that for purposes of this clause (l), if a Person other than the Borrower is the Successor Borrower with respect
thereto, any Subsidiary thereof shall be deemed to become a Subsidiary of the Borrower, and any property or assets of such Person
or any such Subsidiary shall be deemed acquired by the Borrower or a Restricted Subsidiary, as the case may be, when such Person
becomes such Successor Borrower;

 

(m)          Liens
on Capital Stock, Indebtedness or other securities of an Unrestricted Subsidiary or any joint venture that secure Indebtedness
or other obligations of such Unrestricted Subsidiary or joint venture, respectively;

 

    	 	- 57 -	 

     

    

 

(n)          any
encumbrance or restriction (including, but not limited to, pursuant to put and call agreements or buy/sell arrangements) with respect
to Capital Stock of any joint venture or similar arrangement pursuant to any joint venture or similar agreement;

 

(o)          Liens
securing Indebtedness (including Liens securing any Obligations in respect thereof) consisting of Refinancing Indebtedness Incurred
in respect of any Indebtedness (other than any Indebtedness described in clause (k)(1) above of this definition) secured by, or
securing any refinancing, refunding, extension, renewal or replacement (in whole or in part) of any other obligation secured by,
any other Permitted Liens, provided that any such new Lien is limited to all or part of the same property or assets (plus
improvements, accessions, proceeds or dividends or distributions in respect thereof) that secured (or, under the written arrangements
under which the original Lien arose, could secure) the obligations to which such Liens relate;

 

(p)          Liens
(1) arising by operation of law (or by agreement to the same effect) in the ordinary course of business, including Liens
arising under or by reason of the Perishable Agricultural Commodities Act of 1930, as amended from time to time, (2) on
property or assets under construction (and related rights) in favor of a contractor or developer or arising from progress or partial
payments by a third party relating to such property or assets, (3) on Margin Stock, if and to the extent the value of all
Margin Stock of the Borrower and its Subsidiaries exceeds 25% of the value of the total assets subject to Subsection 8.6,
(4) on cash set aside at the time of the Incurrence of any Indebtedness or government securities purchased with such
cash, in either case to the extent that such cash or government securities prefund the payment of interest on such Indebtedness
and are held in an escrow account or similar arrangement to be applied for such purpose, (5) securing or arising by reason
of any netting or set-off arrangement entered into in the ordinary course of banking or other trading activities (including in
connection with purchase orders and other agreements with customers), (6) in favor of the Borrower or any Subsidiary (other
than Liens on property or assets of the Borrower or any Subsidiary Guarantor in favor of any Subsidiary that is not a Subsidiary
Guarantor), (7) arising out of conditional sale, title retention, consignment or similar arrangements for the sale of goods
entered into in the ordinary course of business, (8) on inventory or other goods and proceeds securing obligations in respect
of bankers’ acceptances issued or created to facilitate the purchase, shipment or storage of such inventory or other goods,
(9) relating to pooled deposit or sweep accounts to permit satisfaction of overdraft, cash pooling or similar obligations
incurred in the ordinary course of business, (10) attaching to commodity trading or other brokerage accounts incurred in
the ordinary course of business, (11) arising in connection with repurchase agreements permitted under Subsection 8.1
on assets that are the subject of such repurchase agreements, (12) on any amounts (including the proceeds of the applicable
Indebtedness and any cash, Cash Equivalents and Temporary Cash Investments deposited to cover interest and premium in respect of
such Indebtedness) held by a trustee or escrow agent under any indenture or other debt agreement governing Indebtedness issued
in escrow pursuant to customary escrow arrangements (as determined by the Borrower in good faith, which determination shall be
conclusive) pending the release thereof, or on the proceeds deposited to discharge, redeem or defease Indebtedness under any indenture
or other debt agreement pursuant to customary discharge, redemption or defeasance provisions (as determined by the Borrower in
good faith, which determination shall be conclusive), pending such discharge, redemption or defeasance and after irrevocable notice
thereof has been delivered to the applicable trustee or agent or (13) on equipment of the Borrower or any of its Restricted
Subsidiaries granted in the ordinary course of business to the Borrower’s or a Restricted Subsidiary’s customers;

 

    	 	- 58 -	 

     

    

 

(q)          other
Liens securing Indebtedness or any other obligation that in the aggregate at any time outstanding do not exceed an amount equal
to the greater of $100,000,000 and 60% of Consolidated Four Quarter EBITDA at the time of the Incurrence of such Indebtedness or
other obligation;

 

(r)          Liens
securing Indebtedness (including Liens securing any Obligations in respect thereof) or other obligations of, or in favor of, any
Special Purpose Entity, or in connection with a Special Purpose Financing or otherwise, Incurred pursuant to clause (b)(ix) of
Subsection 8.1;

 

(s)          Liens
securing Indebtedness (including Liens securing any Obligations in respect thereof) consisting of Indebtedness Incurred in compliance
with Subsection 8.1; provided that on the date of Incurrence of such Indebtedness after giving effect to such Incurrence
(or, at the Borrower’s option, on the date of the initial borrowing of such Indebtedness or entry into the definitive agreement
providing the commitment to fund such Indebtedness after giving pro forma effect to the Incurrence of the entire committed amount,
in which case such committed amount may thereafter be borrowed and reborrowed in whole or in part, from time to time, without further
compliance with this clause), the Consolidated Secured Leverage Ratio shall not exceed 3.50 to 1.00; and

 

(t)          Liens
on the Collateral, if such Liens rank junior to the Liens on such Collateral in relation to the Lien securing the Loans and the
Subsidiary Guarantees, as applicable.

 

    	 	- 59 -	 

     

    

 

For purposes of determining
compliance with this definition, (s) a Lien need not be incurred solely by reference to one category of Permitted Liens
described in this definition but may be incurred under any combination of such categories (including in part under one such category
and in part under any other such category), (t) the principal amount of Indebtedness secured by a Lien outstanding under
any category of Permitted Liens shall be determined after giving effect to the application of proceeds of any such Indebtedness
to refinance any such other Indebtedness, (u) in the event that a Lien (or any portion thereof) meets the criteria of one
or more of such categories of Permitted Liens, the Borrower shall, in its sole discretion, classify or reclassify such Lien (or
any portion thereof) in any manner that complies with this definition, (v) any Lien securing Indebtedness that was permitted
to secure such Indebtedness at the time of the Incurrence of such Indebtedness shall also be permitted to secure any increase in
the amount of such Indebtedness in connection with the accrual of interest, the accretion of accreted value, the payment of interest
in the form of additional Indebtedness and the payment of dividends on Capital Stock constituting Indebtedness in the form of additional
shares of the same class of Capital Stock, (w) in the event that a portion of Indebtedness secured by a Lien could be classified
as secured in part pursuant to clause (k)(1) above in respect of Indebtedness Incurred pursuant to the Ratio Incremental Facility
(giving effect to the Incurrence of such portion of such Indebtedness), the Borrower, in its sole discretion, may classify such
portion of such Indebtedness (and any Obligations in respect thereof) as having been secured pursuant to clause (k)(1) above in
respect of Indebtedness Incurred pursuant to the Ratio Incremental Facility and the remainder of the Indebtedness as having been
secured pursuant to such clause (k)(1) in respect of Indebtedness Incurred pursuant to Subsection 8.1(b)(i) (other than
pursuant to the Ratio Incremental Facility) or one or more of the other clauses of this definition (other than clause (s)
above and clause (k)(3) above in respect of Indebtedness Incurred pursuant to Subsection 8.1(b)(xvii)), (x) in
the event that a portion of Indebtedness secured by a Lien could be classified in part pursuant to clause (s) above (giving effect
to the Incurrence of such portion of Indebtedness), the Borrower, in its sole discretion, may classify such portion of Indebtedness
(and any Obligations in respect thereof) as having been secured pursuant to clause (s) above and the remainder of the Indebtedness
as having been secured pursuant to one or more of the other clauses of this definition (other than clause (k)(1) above in respect
of Indebtedness Incurred pursuant to the Ratio Incremental Facility and clause (k)(3) above in respect of Indebtedness Incurred
pursuant to Subsection 8.1(b)(xvii)), (y) if any Liens securing Indebtedness or other obligations are Incurred to
refinance Liens securing Indebtedness or other obligations initially Incurred (or, to refinance Liens Incurred to refinance Liens
initially Incurred) in reliance on any category of Permitted Liens measured by reference to a percentage of Consolidated Four Quarter
EBITDA at the time of Incurrence of such Indebtedness or other obligation, and is refinanced by any Indebtedness or other obligation
secured by any Lien incurred by reference to such category of Permitted Liens, and such refinancing (or any subsequent refinancing)
would cause the percentage of Consolidated Four Quarter EBITDA to be exceeded if calculated based on the Consolidated Four Quarter
EBITDA on the date of such refinancing, such percentage of Consolidated Four Quarter EBITDA shall not be deemed to be exceeded
(and such refinancing Lien shall be deemed permitted) so long as the principal amount of such refinancing Indebtedness or other
obligation does not exceed an amount equal to the principal amount of such Indebtedness or other obligation being refinanced, plus
the aggregate amount of fees, underwriting discounts, premiums and other costs and expenses (including accrued and unpaid interest)
incurred or payable in connection with such refinancing, (z) if any Indebtedness or other obligation is secured by any Lien
outstanding under any category of Permitted Liens measured by reference to a dollar amount, and is refinanced by any Indebtedness
or other obligation secured by any Lien incurred by reference to such category of Permitted Liens, and such refinancing (or any
subsequent refinancing) would cause such dollar amount to be exceeded, such dollar amount shall not be deemed to be exceeded (and
such refinancing Lien shall be deemed permitted) so long as the principal amount of such refinancing Indebtedness or other obligation
does not exceed an amount equal to the principal amount of such Indebtedness being refinanced, plus the aggregate amount of fees,
underwriting discounts, premiums and other costs and expenses (including accrued and unpaid interest) incurred or payable in connection
with such refinancing and (aa) in the event that a portion of Indebtedness secured by a Lien could be classified as secured
in part pursuant to clause (k)(3) above incurred pursuant to Subsection 8.1(b)(xvii) (giving effect to the Incurrence of
such portion of such Indebtedness), the Borrower, in its sole discretion, may classify such portion of such Indebtedness (and any
Obligations in respect thereof) as having been secured pursuant to clause (k)(3) above in respect of Indebtedness Incurred pursuant
to Subsection 8.1(b)(xvii) and the remainder of the Indebtedness as having been secured pursuant to one or more of the other
clauses of this definition other than clause (s) above or clause (k)(1) above in respect of Indebtedness Incurred pursuant
to the Ratio Incremental Facility).

 

“Permitted Payment”:
as defined in Subsection 8.2(b).

 

    	 	- 60 -	 

     

    

 

“Permitted Repricing
Amendment”: as defined in Subsection 11.1(i).

 

“Person”:
an individual, partnership, corporation, company, limited liability company, business trust, trust, joint stock company, unincorporated
organization, association, joint venture, Governmental Authority or other entity of whatever nature.

 

“Plan”:
at a particular time, any employee benefit plan which is covered by ERISA and in respect of which the Borrower or a Commonly Controlled
Entity is an “employer” as defined in Section 3(5) of ERISA.

 

“Platform”:
Intralinks, SyndTrak Online, Debtdomain or any other similar electronic distribution system.

 

“Predecessor
ABL Credit Agreement”: the Loan and Security Agreement, dated as of October 20, 2009, among NCI Group, Inc., Robertson-Ceco
II Corporation, the other borrowers party thereto, the guarantors party thereto, Wells Fargo Capital Finance, LLC, as administrative
agent and collateral agent, and the other banks and financial institutions from time to time party thereto, as amended, supplemented,
waived or otherwise modified, and in effect on the Closing Date.

 

“Predecessor
Term Loan Credit Agreement”: that certain Credit Agreement, dated as of June 22, 2012, among the Borrower, the lenders
from time to time party thereto, and Credit Suisse AG, Cayman Islands Branch, as administrative agent and collateral agent, as
amended, restated, modified and supplemented and as in existence on the Closing Date.

 

“Preferred Stock”:
as applied to the Capital Stock of any corporation or company, Capital Stock of any class or classes (however designated) that
by its terms is preferred as to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary
liquidation or dissolution of such corporation or company, over Capital Stock of any other class of such corporation or company.

 

“Prepayment
Date”: as defined in Subsection 4.4(d).

 

“Purchase”:
as defined in clause (4) of the definition of “Consolidated Coverage Ratio.”

 

“Purchase Money
Obligations”: any Indebtedness Incurred to finance or refinance the acquisition, leasing, construction or improvement
of property (real or personal) or assets, and whether acquired through the direct acquisition of such property or assets or the
acquisition of the Capital Stock of any Person owning such property or assets, or otherwise.

 

“Qualifying
Lender”: as defined in Subsection 4.4(h)(iv)(3).

 

“Rating Agency”:
Moody’s or S&P or, if Moody’s or S&P or both shall not make a rating on the applicable security or instrument
publicly available, a nationally recognized statistical rating agency or agencies, as the case may be, selected by the Borrower
which shall be substituted for Moody’s or S&P or both, as the case may be.

 

    	 	- 61 -	 

     

    

 

“Ratio Incremental
Facility”: as defined in the definition of “Maximum Incremental Facilities Amount”.

 

“Receivable”:
a right to receive payment pursuant to an arrangement with another Person pursuant to which such other Person is obligated to pay,
as determined in accordance with GAAP.

 

“Recovery Event”:
any settlement of or payment in respect of any property or casualty insurance claim or any condemnation proceeding relating to
any asset of any Loan Party constituting Collateral giving rise to Net Available Cash to such Loan Party, as the case may be, in
excess of $5,000,000, to the extent that such settlement or payment does not constitute reimbursement or compensation for amounts
previously paid by the Borrower or any Restricted Subsidiary in respect of such casualty or condemnation.

 

“Reference Banks”:
Royal Bank of Canada or such additional or other banks party to this Agreement as may be appointed by the Administrative Agent
and reasonably acceptable to the Borrower; provided that at any time the maximum number of Reference Banks does not exceed
six (6).

 

“refinance”:
refinance, refund, replace, renew, repay, modify, restate, defer, substitute, supplement, reissue, resell or extend (including
pursuant to any defeasance or discharge mechanism); and the terms “refinances”, “refinanced”
and “refinancing” as used for any purpose in this Agreement shall have a correlative meaning.

 

“Refinancing”:
the repayment, repurchase, prepayment, or defeasance in full of Indebtedness to be Refinanced of the Borrower and any of its Subsidiaries,
together with the payment of all fees and other amounts owing thereon, the permanent cancellation of all commitments thereunder
and the rolling, termination, back-stopping, cash collateralization of or otherwise providing for, in a manner reasonably acceptable
to the Administrative Agent, all reimbursement obligations in respect of letters of credit issued pursuant thereto.

 

“Refinancing
Agreement”: as defined in Subsection 8.3(c).

 

    	 	- 62 -	 

     

    

 

“Refinancing
Indebtedness”: Indebtedness that is Incurred to refinance Indebtedness Incurred pursuant to this Agreement and the Loan
Documents, the Senior ABL Facility and any Indebtedness (or unutilized commitment in respect of Indebtedness) existing on the Closing
Date and set forth on Schedule 8.1 or Incurred (or established) in compliance with this Agreement (including Indebtedness
of the Borrower that refinances Indebtedness of any Restricted Subsidiary (to the extent permitted in this Agreement) and Indebtedness
of any Restricted Subsidiary that refinances Indebtedness of the Borrower or another Restricted Subsidiary) including Indebtedness
that refinances Refinancing Indebtedness, and Indebtedness Incurred pursuant to a commitment that refinances any Indebtedness or
unutilized commitment; provided that (1) if the Indebtedness being refinanced is Subordinated Obligations or Guarantor
Subordinated Obligations, the Refinancing Indebtedness (x) has a final Stated Maturity at the time such Refinancing Indebtedness
is Incurred that is the same as or later than the final Stated Maturity of the Indebtedness being refinanced (or, if earlier, the
Initial Term Loan Maturity Date), (y) has a weighted average life to maturity at the time such Refinancing Indebtedness
is Incurred that is equal to or longer than the remaining weighted average life to maturity of the Indebtedness being refinanced
(or, if shorter, the remaining weighted average life to maturity of the Initial Term Loans) and (z) if an Event of
Default under Subsection 9.1(a) or (f) is continuing, is subordinated in right of payment to the Term Loan Facility
Obligations to the same extent as the Indebtedness being refinanced, (2) such Refinancing Indebtedness is Incurred in an
aggregate principal amount (or, if issued with original issue discount, with an aggregate issue price) that is equal to or less
than the sum of (x) the aggregate principal amount then outstanding of the Indebtedness being refinanced, plus (y)
an amount equal to any unutilized commitment relating to the Indebtedness being refinanced or otherwise then outstanding under
the financing arrangement being refinanced to the extent the unutilized commitment being refinanced could be drawn in compliance
with Subsection 8.1 immediately prior to such refinancing, plus (z) fees, underwriting discounts, premiums
and other costs and expenses (including accrued and unpaid interest) Incurred or payable in connection with such refinancing, (3)
Refinancing Indebtedness shall not include (x) Indebtedness of a Restricted Subsidiary that is not a Subsidiary Guarantor
that refinances Indebtedness of the Borrower or a Subsidiary Guarantor that could not have been initially Incurred by such Restricted
Subsidiary pursuant to Subsection 8.1 or (y) Indebtedness of the Borrower or a Restricted Subsidiary that refinances
Indebtedness of an Unrestricted Subsidiary, and (4) if the Indebtedness being refinanced constitutes Additional Obligations,
Rollover Indebtedness, Permitted Debt Exchange Notes or Term Loan Facility Obligations Incurred pursuant to Subsection 8.1(b)(i)(II)(a)
(or Refinancing Indebtedness in respect of the foregoing Indebtedness), (w) the Refinancing Indebtedness complies with the
requirements of the definition of “Additional Obligations” (other than clause (ii) thereof), (x) if the Indebtedness
being refinanced is unsecured and an Event of Default under Subsection 9.1(a) or (f) is continuing, the Refinancing
Indebtedness is unsecured and (y) if the Indebtedness being refinanced is secured by a Lien on Collateral ranking junior
to the Liens on Collateral securing the Term Loan Facility Obligations and an Event of Default under Subsection 9.1(a) or
(f) is continuing, the Refinancing Indebtedness is unsecured or secured by a Lien on Collateral ranking junior to the Liens
on Collateral securing the Term Loan Facility Obligations.

 

“Refunding Capital
Stock”: as defined in Subsection 8.2(b)(i).

 

“Register”:
as defined in Subsection 11.6(b)(iv).

 

“Regulation
D”: Regulation D of the Board as in effect from time to time.

 

“Regulation
S-X”: Regulation S-X promulgated by the SEC as in effect on the Closing Date.

 

“Regulation
T”: Regulation T of the Board as in effect from time to time.

 

“Regulation
U”: Regulation U of the Board as in effect from time to time.

 

“Regulation
X”: Regulation X of the Board as in effect from time to time.

 

“Reinvestment
Period”: as defined in Subsection 8.4(b)(i).

 

    	 	- 63 -	 

     

    

 

“Related Business”:
those businesses in which the Borrower or any of its Subsidiaries is engaged on the Closing Date, or that are similar, related,
complementary, incidental or ancillary thereto or extensions, developments or expansions thereof.

 

“Related Parties”:
with respect to any Person, such Person’s affiliates and the partners, officers, directors, trustees, employees, equityholders,
shareholders, members, attorneys and other advisors, agents and controlling persons of such Person and of such Person’s affiliates
and “Related Party” shall mean any of them.

 

“Related Taxes”:
(x) any taxes, charges or assessments, including but not limited to sales, use, transfer, rental, ad valorem, value added,
stamp, property, consumption, franchise, license, capital, net worth, gross receipts, excise, occupancy, intangibles or similar
taxes, charges or assessments (other than federal, state or local taxes measured by income and federal, state or local withholding
imposed by any government or other taxing authority on payments made by any Parent Entity other than to another Parent Entity),
required to be paid by any Parent Entity by virtue of its being incorporated or having Capital Stock outstanding (but not by virtue
of owning stock or other equity interests of any corporation or other entity other than the Borrower, any of its Subsidiaries or
any Parent Entity), or being a holding company parent of the Borrower, any of its Subsidiaries or any Parent Entity or receiving
dividends from or other distributions in respect of the Capital Stock of the Borrower, any of its Subsidiaries or any Parent Entity,
or having guaranteed any obligations of the Borrower or any Subsidiary thereof, or having made or received any payment in respect
of any of the items for which the Borrower or any of its Subsidiaries is permitted to make payments to any Parent Entity pursuant
to Subsection 8.2, or acquiring, developing, maintaining, owning, prosecuting, protecting or defending its intellectual
property and associated rights (including but not limited to receiving or paying royalties for the use thereof) relating to the
business or businesses of the Borrower or any Subsidiary thereof, (y) any taxes attributable to any taxable period (or portion
thereof) ending on or prior to the Closing Date, or to the consummation of any of the Transactions, or to any Parent Entity’s
receipt of (or entitlement to) any payment in connection with the Transactions, including any payment received after the Closing
Date pursuant to any agreement related to the Transactions or (z) any other federal, state, foreign, provincial or
local taxes measured by income for which any Parent Entity is liable up to an amount not to exceed, with respect to federal taxes,
the amount of any such taxes that the Borrower and its Subsidiaries would have been required to pay on a separate company basis,
or on a consolidated basis as if the Borrower had filed a consolidated return on behalf of an affiliated group (as defined in Section
1504 of the Code) of which it were the common parent, or with respect to state, foreign, provincial and local taxes, the amount
of any such taxes that the Borrower and its Subsidiaries would have been required to pay on a separate company basis, or on a consolidated,
combined, unitary or affiliated basis as if the Borrower had filed a consolidated, combined, unitary or affiliated return on behalf
of an affiliated group (as defined in the applicable state, foreign, provincial or local tax laws for filing such return) consisting
only of the Borrower and its Subsidiaries. Taxes include all interest, penalties and additions relating thereto.

 

“Reportable
Event”: any of the events set forth in Section 4043(c) of ERISA, other than those events as to which the 30 day notice
period is waived under Section 21, 22, 23, 24, 25, 27 or 28 of PBGC Regulation Section 4043 or any successor regulation thereto.

 

    	 	- 64 -	 

     

    

 

“Repricing Transaction”:
the prepayment, refinancing, substitution or replacement of all or a portion of the Initial Term Loans (including, without limitation,
as may be effected through any amendment, waiver or modification to this Agreement relating to the interest rate for, or weighted
average yield of, the Initial Term Loans), (a) if the primary purpose of such prepayment, refinancing, substitution,
replacement or amendment is (as determined by the Borrower in good faith, which determination shall be conclusive) to refinance
the Initial Term Loans at a lower “effective yield” (taking into account, among other factors, margin, upfront or similar
fees or original issue discount shared with all providers of such financing, but excluding the effect of any arrangement, commitment,
underwriting, structuring, syndication or other fees payable in connection therewith that are not shared with all providers of
such financing, and without taking into account any fluctuations in the Adjusted LIBOR Rate, but including any LIBOR floor or similar
floor that is higher than the then applicable Adjusted LIBOR Rate), (b) if the prepayment, refinancing, substitution,
replacement, amendment, waiver or modification is effectuated by the incurrence by the Borrower or any Restricted Subsidiary of
new Indebtedness, such new Indebtedness is broadly marketed or syndicated first lien secured bank financing, and (c) if
such prepayment, refinancing, substitution, replacement, amendment, waiver or modification results in first lien secured bank financing
having an “effective yield” (as reasonably determined by the Administrative Agent, in consultation with the Borrower,
consistent with generally accepted financial practices, after giving effect to, among other factors, margin, upfront or similar
fees or original issue discount shared with all providers of such financing (calculated based on assumed four-year average life
and without present value discount), but excluding the effect of any arrangement, commitment, underwriting, structuring, syndication
or other fees payable in connection therewith that are not shared with all providers of such financing, and without taking into
account any fluctuations in the Adjusted LIBOR Rate, but including any LIBOR floor or similar floor that is higher than the then
applicable Adjusted LIBOR Rate) that is less than the “effective yield” (as reasonably determined by the Administrative
Agent, in consultation with the Borrower, on the same basis) of the Initial Term Loans prior to being so prepaid, refinanced, substituted
or replaced or subject to such amendment to this Agreement.

 

“Required Lenders”:
Lenders the Term Credit Percentages of which aggregate to greater than 50.0%; provided that the Term Loans held or deemed
held by a Defaulting Lender or by a Disqualified Party shall be excluded for purposes of making a determination of Required Lenders.

 

“Required Majority
in Interest Lenders”: Lenders of any Tranche or Lenders of any group of affected Lenders, as applicable, the Total Credit
Percentages of which aggregate to greater than 50.0% of the Total Credit Percentages of such Tranche or Lenders of such group of
affected Lenders; provided that Incremental Revolving Commitments and Term Loans held or deemed held by a Defaulting Lender
or by a Disqualified Party shall be excluded for purposes of making a determination of Required Majority in Interest Lenders.

 

“Requirement
of Law”: as to any Person, the Organizational Documents of such Person, and any law, statute, ordinance, code, decree,
treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable
to or binding upon such Person or any of its material property or to which such Person or any of its material property is subject,
including laws, ordinances and regulations pertaining to zoning, occupancy and subdivision of real properties; provided
that the foregoing shall not apply to any non-binding recommendation of any Governmental Authority.

 

    	 	- 65 -	 

     

    

 

“Responsible
Officer”: as to any Person, any of the following officers of such Person: (a) the chief executive officer or the
president of such Person and, with respect to financial matters, the chief financial officer, the treasurer or the controller or
the VP–Treasury of such Person, (b) any vice president of such Person or, with respect to financial matters, any assistant
treasurer or assistant controller of such Person, in each case who has been designated in writing to the Administrative Agent or
the Collateral Agent as a Responsible Officer by the chief executive officer or president of such Person or, with respect to financial
matters, by the chief financial officer of such Person, (c) with respect to the fifth and sixth sentences of Subsection
1.2(c), Subsection 7.7 and without limiting the foregoing, the general counsel (or substantial equivalent) of such Person
and (d) with respect to ERISA matters, the senior vice president of human resources (or substantial equivalent) of such
Person.

 

“Restricted
Payment”: as defined in Subsection 8.2(a).

 

“Restricted
Payment Transaction”: any Restricted Payment permitted pursuant to Subsection 8.2, any Permitted Payment, any
Permitted Investment, or any transaction specifically excluded from the definition of the term “Restricted Payment”
(including pursuant to the exception contained in clause (i) of Subsection 8.2 and the parenthetical exclusions contained
in clauses (ii) and (iii) of Subsection 8.2).

 

“Restricted
Subsidiary”: any Subsidiary of the Borrower other than an Unrestricted Subsidiary.

 

“Revolving Lender”:
any Incremental Revolving Lender.

 

“Revolving Loans”:
any Incremental Revolving Loans.

 

“Rollover Indebtedness”:
Indebtedness of any Borrower or a Guarantor issued to any Lender in lieu of such Lender’s pro rata portion of any repayment
of Term Loans made pursuant to Subsection 4.4(a) or (e); so long as (other than in connection with a refinancing
in full of the Facilities) such Indebtedness would not have a weighted average life to maturity that is shorter than the remaining
weighted average life to maturity of the Term Loans being repaid.

 

“S&P”:
Standard & Poor’s Financial Services LLC, a division of S&P Global, Inc., and its successors.

 

“Sale”:
as defined in clause (3) of the definition of “Consolidated Coverage Ratio.”

 

“SEC”:
the United States Securities and Exchange Commission or any successor thereto.

 

“Secured Parties”:
the “Secured Parties” as defined in the Guarantee and Collateral Agreement.

 

    	 	- 66 -	 

     

    

 

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

 

“Security Documents”:
the collective reference to each Mortgage related to any Mortgaged Fee Property, the Guarantee and Collateral Agreement and all
other similar security documents hereafter delivered to the Collateral Agent granting or perfecting a Lien on any asset or assets
of any Loan Party to secure the obligations and liabilities of the Loan Parties hereunder and/or under any of the other Loan Documents
or to secure any guarantee by any Guarantor of any such obligations and liabilities, including any security documents executed
and delivered or caused to be delivered to the Collateral Agent pursuant to Subsection 7.9(a), 7.9(b) or 7.9(c),
in each case, as amended, supplemented, waived or otherwise modified from time to time.

 

“Senior ABL
Agreement”: the Credit Agreement, dated as of the date hereof, among the Borrower, the lenders party thereto from time
to time and Wells Fargo Bank, National Association (and/or one of its Affiliates), as administrative agent and collateral agent
thereunder, as such agreement may be amended, supplemented, waived or otherwise modified from time to time or refunded, refinanced,
restructured, replaced, renewed, repaid, increased, decreased or extended from time to time (whether in whole or in part, whether
with the original administrative agent and lenders or other agents and lenders or otherwise, and whether provided under the original
Senior ABL Agreement or one or more other credit agreements or otherwise), except to the extent such agreement, instrument or document
expressly provides that it is not intended to be and is not a Senior ABL Agreement. Any reference to the Senior ABL Agreement hereunder
shall be deemed a reference to each Senior ABL Agreement then in existence.

 

“Senior ABL
Facility”: the collective reference to the Senior ABL Agreement, any Loan Documents (as defined therein), any notes and
letters of credit issued pursuant thereto and any guarantee and collateral agreement, patent, trademark and copyright security
agreement, mortgages, letter of credit applications and other guarantees, pledge agreements, security agreements and collateral
documents, and other instruments and documents, executed and delivered pursuant to or in connection with any of the foregoing,
in each case as the same may be amended, supplemented, waived or otherwise modified from time to time, or refunded, refinanced,
restructured, replaced, renewed, repaid, increased, decreased or extended from time to time (whether in whole or in part, whether
with the original agent and lenders or other agents and lenders or otherwise, and whether provided under the original Senior ABL
Agreement or one or more other credit agreements, indentures or financing agreements or otherwise) except to the extent such agreement,
instrument or document expressly provides that it is not intended to be and is not a Senior ABL Facility. Without limiting the
generality of the foregoing, the term “Senior ABL Facility” shall include any agreement (i) changing the
maturity of any Indebtedness Incurred thereunder or contemplated thereby, (ii) adding Subsidiaries of the Borrower
as additional borrowers or guarantors thereunder, (iii) increasing or decreasing the amount of Indebtedness Incurred
thereunder or available to be borrowed thereunder or (iv) otherwise altering the terms and conditions thereof.

 

“Senior Notes”:
8.25% Senior Notes due 2023 of the Borrower issued on January 16, 2015 as the same may be amended, supplemented, waived or otherwise
modified from time to time.

 

    	 	- 67 -	 

     

    

 

“Senior Notes
Indenture”: the Indenture dated as of January 16, 2015, under which the Senior Notes are issued, as the same may be amended,
supplemented, waived or otherwise modified from time to time.

 

“Set”:
the collective reference to Eurodollar Loans of a single Tranche, the then current Interest Periods with respect to all of which
begin on the same date and end on the same later date (whether or not such Eurodollar Loans shall originally have been made on
the same day).

 

“Settlement
Service”: as defined in Subsection 11.6(b).

 

“Single Employer
Plan”: any Plan which is covered by Title IV or Section 302 of ERISA or Section 412 of the Code, but which is not a Multiemployer
Plan.

 

“Solicited Discount
Proration”: as defined in Subsection 4.4(h)(iv)(3).

 

“Solicited Discounted
Prepayment Amount”: as defined in Subsection 4.4(h)(iv)(1).

 

“Solicited Discounted
Prepayment Notice”: an irrevocable written notice of a Borrower Solicitation of Discounted Prepayment Offer made pursuant
to Subsection 4.4(h)(iv) substantially in the form of Exhibit Q.

 

“Solicited Discounted
Prepayment Offer”: the irrevocable written offer by each Lender, substantially in the form of Exhibit R, submitted
following the Administrative Agent’s receipt of a Solicited Discounted Prepayment Notice.

 

“Solicited Discounted
Prepayment Response Date”: as defined in Subsection 4.4(h)(iv)(1).

 

“Solvent”
and “Solvency”: with respect to the Borrower and its Subsidiaries on a consolidated basis after giving effect
to the Transactions on the Closing Date means (i) the Fair Value and Present Fair Salable Value of the assets of the Borrower
and its Subsidiaries taken as a whole exceed their Stated Liabilities and Identified Contingent Liabilities; (ii) the Borrower
and its Subsidiaries taken as a whole do not have Unreasonably Small Capital; and (iii) the Borrower and its Subsidiaries
taken as a whole will be able to pay their Stated Liabilities and Identified Contingent Liabilities as they mature (all capitalized
terms used in this definition (other than “Borrower”, “Closing Date”, “Subsidiary” and “Transactions”,
which have the meanings set forth in this Agreement) shall have the meaning assigned to such terms in the form of solvency certificate
attached hereto as Exhibit H).

 

“Special Purpose
Entity”:   (x) any Special Purpose Subsidiary or (y) any other Person that is engaged in the business of
(i) acquiring, selling, collecting, financing or refinancing Receivables, accounts (as defined in the Uniform Commercial
Code as in effect in any jurisdiction from time to time), other accounts and/or other receivables, and/or related assets and/or
(ii) financing or refinancing in respect of Capital Stock of any Special Purpose Subsidiary.

 

    	 	- 68 -	 

     

    

 

“Special Purpose
Financing”: any financing or refinancing of assets consisting of or including Receivables of the Borrower or any Restricted
Subsidiary that have been transferred to a Special Purpose Entity or made subject to a Lien in a Financing Disposition (including
any financing or refinancing in respect of Capital Stock of a Special Purpose Subsidiary held by another Special Purpose Subsidiary).

 

“Special Purpose
Financing Expense”: for any period, (a) the aggregate interest expense for such period on any Indebtedness of
any Special Purpose Subsidiary that is a Restricted Subsidiary, which Indebtedness is not recourse to the Borrower or any Restricted
Subsidiary that is not a Special Purpose Subsidiary (other than with respect to Special Purpose Financing Undertakings), and (b)
Special Purpose Financing Fees.

 

“Special Purpose
Financing Fees”: distributions or payments made directly or by means of discounts with respect to any participation interest
issued or sold in connection with, and other fees paid to a Person that is not a Restricted Subsidiary in connection with, any
Special Purpose Financing.

 

“Special Purpose
Financing Undertakings”: representations, warranties, covenants, indemnities, guarantees of performance and (subject
to clause (y) of the proviso below) other agreements and undertakings entered into or provided by the Borrower or any of its Restricted
Subsidiaries that the Borrower determines in good faith (which determination shall be conclusive) are customary or otherwise necessary
or advisable in connection with a Special Purpose Financing or a Financing Disposition; provided that (x) it is understood
that Special Purpose Financing Undertakings may consist of or include (i) reimbursement and other obligations in respect
of notes, letters of credit, surety bonds and similar instruments provided for credit enhancement purposes, (ii) Hedging
Obligations or other obligations relating to Interest Rate Agreements, Currency Agreements or Commodities Agreements entered into
by the Borrower or any Restricted Subsidiary, in respect of any Special Purpose Financing or Financing Disposition, or (iii)
any Guarantee in respect of customary recourse obligations (as determined in good faith by the Borrower, which determination shall
be conclusive) in connection with any Special Purpose Financing or Financing Disposition, including in respect of Liabilities in
the event of any involuntary case commenced with the collusion of any Special Purpose Subsidiary or any Affiliate thereof, or any
voluntary case commenced by any Special Purpose Subsidiary, under any applicable bankruptcy law, and (y) subject to the
preceding clause (x), any such other agreements and undertakings shall not include any Guarantee of Indebtedness of a Special Purpose
Subsidiary by the Borrower or a Restricted Subsidiary that is not a Special Purpose Subsidiary.

 

“Special Purpose
Subsidiary”: any Subsidiary of the Borrower that (a) is engaged solely in (x) the business of (i)
acquiring, selling, collecting, financing or refinancing Receivables, accounts (as defined in the Uniform Commercial Code as in
effect in any jurisdiction from time to time) and other accounts and receivables (including any thereof constituting or evidenced
by chattel paper, instruments or general intangibles), all proceeds thereof and all rights (contractual and other), collateral
and other assets relating thereto, and/or (ii) owning or holding Capital Stock of any Special Purpose Subsidiary and/or
engaging in any financing or refinancing in respect thereof, and (y) any business or activities incidental or related to
such business, and (b) is designated as a “Special Purpose Subsidiary” by the Borrower.

 

    	 	- 69 -	 

     

    

 

“Specified Discount”:
as defined in Subsection 4.4(h)(ii)(1).

 

“Specified Discount
Prepayment Amount”: as defined in Subsection 4.4(h)(ii)(1).

 

“Specified Discount
Prepayment Notice”: an irrevocable written notice of the Borrower Offer of Specified Discount Prepayment made pursuant
to Subsection 4.4(h)(ii) substantially in the form of Exhibit S.

 

“Specified Discount
Prepayment Response”: the written response by each Lender, substantially in the form of Exhibit T, to a Specified
Discount Prepayment Notice.

 

“Specified Discount
Prepayment Response Date”: as defined in Subsection 4.4(h)(ii)(1).

 

“Specified Discount
Proration”: as defined in Subsection 4.4(h)(ii)(3).

 

“Specified Existing
Term Tranche”: as defined in Subsection 2.8(a)(ii).

 

“Specified Refinancing
Amendment”: an amendment to this Agreement effecting the incurrence of Specified Refinancing Facilities in accordance
with Subsection 2.9.

 

“Specified Refinancing
Facilities”: as defined in Subsection 2.9(a).

 

“Specified Refinancing
Indebtedness”: Indebtedness incurred by the Borrower pursuant to and in accordance with Subsection 2.9.

 

“Specified Refinancing
Lenders”: as defined in Subsection 2.9(b).

 

“Specified Refinancing
Loans”: as defined in Subsection 2.9(a).

 

“Specified Refinancing
Tranche”: Specified Refinancing Facilities with the same terms and conditions made on the same day and any Supplemental
Term Loan in respect thereof added to such Tranche pursuant to Subsection 2.6.

 

“Sponsor”:
CD&R.

 

“Stated Maturity”:
with respect to any Indebtedness, the date specified in such Indebtedness as the fixed date on which the payment of principal of
such Indebtedness is due and payable, including pursuant to any mandatory redemption provision (but excluding any provision providing
for the repurchase or repayment of such Indebtedness at the option of the holder thereof upon the happening of any contingency).

 

“Statutory Reserves”:
for any day as applied to a Eurodollar Loan, the average maximum rate at which reserves (including any marginal, supplemental or
emergency reserves) are required to be maintained during such Interest Period under Regulation D by member banks of the United
States Federal Reserve System in New York City with deposits exceeding $1,000,000,000 against “Eurocurrency liabilities”
(as such term is used in Regulation D). Eurodollar Loans shall be deemed to constitute Eurocurrency liabilities and to be subject
to such reserve requirements without benefit of or credit for proration, exceptions or offsets which may be available from time
to time to any Lender under Regulation D.

 

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“Submitted Amount”:
as defined in Subsection 4.4(h)(iii)(1).

 

“Submitted Discount”:
as defined in Subsection 4.4(h)(iii)(1).

 

“Subordinated
Obligations”: any Indebtedness of the Borrower (whether outstanding on the Closing Date or thereafter Incurred) that
is expressly subordinated in right of payment to the Term Loan Facility Obligations pursuant to a written agreement.

 

“Subsection
2.8 Additional Amendment”: as defined in Subsection 2.8(c).

 

“Subsidiary”:
as to any Person, a corporation, partnership, limited liability company or other entity (a) of which shares of stock or
other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only
by reason of the happening of a contingency) to elect a majority of the Board of Directors or other managers of such corporation,
partnership, limited liability company or other entity are at the time owned by such Person, or (b) the management of which
is otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such Person and, in the case of
this clause (b), which is treated as a consolidated subsidiary for accounting purposes. Unless otherwise qualified, all references
to a “Subsidiary” or to “Subsidiaries” in this Agreement shall refer to a Subsidiary or Subsidiaries
of the Borrower.

 

“Subsidiary
Guarantor”: (x) each Domestic Subsidiary that is a Wholly Owned Subsidiary (other than any Excluded Subsidiary)
of the Borrower which executes and delivers a Subsidiary Guaranty pursuant to Subsection 7.9 or otherwise, in each case,
unless and until such time as the respective Subsidiary Guarantor (a) ceases to constitute a Domestic Subsidiary of the
Borrower in accordance with the terms and provisions hereof, (b) is designated an Unrestricted Subsidiary pursuant to the
terms of this Agreement or (c) is released from all of its obligations under the Subsidiary Guaranty in accordance with
the terms and provisions thereof and (y) each other Subsidiary of the Borrower which the Borrower causes to execute and
deliver a Subsidiary Guaranty pursuant to the last sentence of Subsection 7.9(b) or otherwise, in each case, unless and
until such time as the respective Subsidiary Guarantor (a) ceases to constitute a Domestic Subsidiary of the Borrower in
accordance with the terms and provisions hereof, (b) is designated an Unrestricted Subsidiary pursuant to the terms of this
Agreement or (c) is released from all of its obligations under the Subsidiary Guaranty in accordance with the terms and
provisions thereof.

 

“Subsidiary
Guaranty”: the guaranty of the Term Loan Facility Obligations of the Borrower under the Loan Documents provided pursuant
to the Guarantee and Collateral Agreement or pursuant to a guaranty in such other form as may be agreed between the Borrower and
the Administrative Agent.

 

“Successor Borrower”:
as defined in Subsection 8.7(a)(i).

 

“Supplemental
Term Loan Commitments”: as defined in Subsection 2.6(a).

 

    	 	- 71 -	 

     

    

 

“Supplemental
Term Loans”: Term Loans made in respect of Supplemental Term Loan Commitments.

 

“Tax Sharing
Agreement”: any Tax Sharing Agreement entered into between the Borrower and any Parent Entity, substantially in the form
of Exhibit V, as the same may be amended, supplemented, waived or otherwise modified from time to time.

 

“Taxes”:
any and all present or future income, stamp or other taxes, levies, imposts, duties, charges, fees, deductions or withholdings,
now or hereafter imposed, levied, collected, withheld or assessed by any Governmental Authority.

 

“Temporary Cash
Investments”: any of the following: (i) any investment in (x) direct obligations of the United States
of America, Canada, the United Kingdom, Switzerland, a member state of the European Union or any country in whose currency funds
are being held pending their application in the making of an investment or capital expenditure by the Borrower or a Restricted
Subsidiary in that country or with such funds, or any agency or instrumentality of any thereof, or obligations Guaranteed by the
United States of America, Canada, the United Kingdom, Switzerland or a member state of the European Union or any country in whose
currency funds are being held pending their application in the making of an investment or capital expenditure by the Borrower or
a Restricted Subsidiary in that country or with such funds, or any agency or instrumentality of any of the foregoing, or obligations
guaranteed by any of the foregoing or (y) direct obligations of any foreign country recognized by the United States of America
rated at least “A” by S&P or “A-1” by Moody’s (or, in either case, the equivalent of such rating
by such organization or, if no rating of S&P or Moody’s then exists, the equivalent of such rating by any nationally
recognized rating organization), (ii) overnight bank deposits, and investments in time deposit accounts, certificates of
deposit, bankers’ acceptances and money market deposits (or, with respect to foreign banks, similar instruments) maturing
not more than one year after the date of acquisition thereof issued by (x) any bank or other institutional lender under
this Agreement or any Senior ABL Facility or any affiliate thereof or (y) a bank or trust company that is organized under
the laws of the United States of America, any state thereof or any foreign country recognized by the United States of America having
capital and surplus aggregating in excess of $250,000,000 (or the foreign currency equivalent thereof) and whose long term debt
is rated at least “A” by S&P or “A-1” by Moody’s (or, in either case, the equivalent of such
rating by such organization or, if no rating of S&P or Moody’s then exists, the equivalent of such rating by any nationally
recognized rating organization) at the time such Investment is made, (iii) repurchase obligations for underlying securities
or instruments of the types described in clause (i) or (ii) above entered into with a bank meeting the qualifications described
in clause (ii) above, (iv) Investments in commercial paper, maturing not more than 24 months after the date of acquisition,
issued by a Person (other than that of the Borrower or any of its Subsidiaries), with a rating at the time as of which any Investment
therein is made of “P-2” (or higher) according to Moody’s or “A-2” (or higher) according to S&P
(or, in either case, the equivalent of such rating by such organization or, if no rating of S&P or Moody’s then exists,
the equivalent of such rating by any nationally recognized rating organization), (v) Investments in securities maturing
not more than 24 months after the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the
United States of America, or by any political subdivision or taxing authority thereof, and rated at least “BBB-” by
S&P or “Baa3” by Moody’s (or, in either case, the equivalent of such rating by such organization or, if no
rating of S&P or Moody’s then exists, the equivalent of such rating by any nationally recognized rating organization),
(vi) Indebtedness or Preferred Stock (other than of the Borrower or any of its Subsidiaries) having a rating of “A”
or higher by S&P or “A2” or higher by Moody’s (or, in either case, the equivalent of such rating by such
organization or, if no rating of S&P or Moody’s then exists, the equivalent of such rating by any nationally recognized
rating organization), (vii) investment funds investing at least 90.0% of their assets in securities of the type described
in clauses (i) through (vi) above (which funds may also hold cash pending investment and/or distribution), (viii) any
money market deposit accounts issued or offered by a domestic commercial bank or a commercial bank organized and located in a country
recognized by the United States of America, in each case, having capital and surplus in excess of $250,000,000 (or the foreign
currency equivalent thereof), or investments in money market funds subject to the risk limiting conditions of Rule 2a-7 (or any
successor rule) of the SEC under the Investment Company Act of 1940, as amended and (ix) similar investments approved by
the Board of Directors in the ordinary course of business.

 

    	 	- 72 -	 

     

    

 

“Term Credit
Percentage”: as to any Lender at any time, the percentage of the aggregate outstanding Term Loans (if any) of the Lenders
and aggregate unused Term Loan Commitments of the Lenders (if any) then constituted by such Lender’s outstanding Term Loans
(if any) and such Lender’s unused Term Loan Commitments (if any).

 

“Term Loan Commitment”:
as to any Lender, the aggregate of its Initial Term Loan Commitments, Incremental Term Loan Commitment and Supplemental Term Loan
Commitments; collectively as to all Lenders the “Term Loan Commitments.”

 

“Term Loan Declined
Amount”: as defined in Subsection 4.4(d).

 

“Term Loan Facility
Obligations”: obligations of the Loan Parties from time to time arising under or in respect of the due and punctual payment
of (i) the principal of and premium, if any, and interest (including interest accruing during (or that would accrue but
for) the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable
in such proceeding) on the Loans, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment
or otherwise and (ii) all other monetary obligations, including fees, costs, expenses and indemnities, whether primary,
secondary, direct, contingent, fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy,
insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), of the Loan
Parties under this Agreement and the other Loan Documents.

 

“Term Loan Priority
Collateral”: as defined in the ABL/Term Loan Intercreditor Agreement, whether or not the same remains in full force and
effect.

 

“Term Loans”:
the Initial Term Loans, Incremental Term Loans, Extended Term Loans and Specified Refinancing Loans, as the context shall require.

 

“Total Credit
Percentage”: as to any Lender at any time, the percentage which (a) the sum of (i) such Lender’s
Incremental Revolving Commitment (if any) then outstanding (or, if the Incremental Revolving Commitments have terminated or expired,
such Lender’s then outstanding Revolving Loans) and (ii) such Lender’s then outstanding Term Loans (if any)
and such Lender’s unused Term Loan Commitments (if any) then outstanding constitutes of (b) the sum of (i)
the Incremental Revolving Commitments (if any) of all Lenders then outstanding (or, if the Incremental Revolving Commitments have
terminated or expired, such Lender’s then outstanding Revolving Loans) and (ii) the aggregate outstanding Term Loans
(if any) of all Lenders then outstanding and aggregate unused Term Loan Commitments of all Lenders (if any) then outstanding.

 

    	 	- 73 -	 

     

    

 

“Trade Payables”:
with respect to any Person, any accounts payable or any indebtedness or monetary obligation to trade creditors created, assumed
or guaranteed by such Person arising in the ordinary course of business in connection with the acquisition of goods or services.

 

“Trading Price”:
as defined in Subsection 11.6(k)(iv)(A)(z).

 

“Tranche”:
(i) with respect to Term Loans or commitments, refers to whether such Term Loans or commitments are (1) Initial Term
Loans or Initial Term Loan Commitments, (2) Incremental Loans or Incremental Term Loan Commitments with the same terms and
conditions made on the same day and any Supplemental Term Loans added to such Tranche pursuant to Subsection 2.6, (3)
Extended Term Loans (of the same Extension Series) or (4) Specified Refinancing Loans with the same terms and conditions
made on the same day and any Supplemental Term Loans added to such Tranche pursuant to Subsection 2.6 and (ii) with
respect to Revolving Loans or commitments, refers to whether such Revolving Loans or commitments are Incremental Revolving Commitments
or Incremental Revolving Loans with the same terms and conditions made on the same day pursuant to Subsection 2.6.

 

“Transactions”:
collectively, any or all of the following (whether taking place prior to, on or following the Closing Date): (i) the
entry into this Agreement and the Loan Documents and the Incurrence of Indebtedness thereunder, (ii) the entry into the
ABL Facility Documents and incurrence of Indebtedness thereunder (and including the rollover of any existing letters of credit),
(iii) the repayment of certain existing Indebtedness of the Borrower and its Subsidiaries, termination of certain existing
commitments and termination and release of certain existing Liens, including those under the Predecessor Term Loan Credit Agreement
and (iv) all other transactions relating to any of the foregoing (including payment of fees and expenses related to
any of the foregoing).

 

“Transferee”:
any Participant or Assignee.

 

“Treasury Capital
Stock”: as defined in Subsection 8.2(b)(i).

 

“Type”:
the type of Loan determined based on the interest option applicable thereto, with there being two Types of Loans hereunder, namely
ABR Loans and Eurodollar Loans.

 

“UCC”:
the Uniform Commercial Code as in effect in the State of New York from time to time.

 

    	 	- 74 -	 

     

    

 

“United States
Person”: any United States person within the meaning of Section 7701(a)(30) of the Code.

 

“Unrestricted
Cash”: at any date of determination, without duplication, (a) the aggregate amount of cash, Cash Equivalents and
Temporary Cash Investments included in the cash accounts that would be listed on the consolidated balance sheet of the Borrower
prepared in accordance with GAAP as of the end of the most recent four consecutive Fiscal Quarters of the Borrower ending prior
to the date of such determination for which consolidated financial statements of the Borrower are available to the extent such
cash is not classified as “restricted” for financial statement purposes (unless so classified solely because of any
provision under the Loan Documents or any other agreement or instrument governing other Indebtedness that is subject to the ABL/Term
Loan Intercreditor Agreement, a Junior Lien Intercreditor Agreement or any Other Intercreditor Agreement governing the application
thereof or because they are subject to a Lien securing the Term Loan Facility Obligations or other Indebtedness that is subject
to the ABL/Term Loan Intercreditor Agreement, a Junior Lien Intercreditor Agreement or any Other Intercreditor Agreement), plus
(b) the proceeds from any Incurrence of Indebtedness in reliance on the Ratio Incremental Facility or any other Indebtedness
that is secured by Liens pursuant to clause (s) of the definition of “Permitted Liens” since the date of such consolidated
balance sheet and on or prior to the date of determination that are (as determined in good faith by the Borrower, which determination
shall be conclusive) intended to be used for working capital purposes.

 

“Unrestricted
Subsidiary”: (i) any Subsidiary of the Borrower that at the time of determination is an Unrestricted Subsidiary,
as designated by the Board of Directors in the manner provided below, and (ii) any Subsidiary of an Unrestricted Subsidiary.
The Board of Directors may designate any Subsidiary of the Borrower (including any newly acquired or newly formed Subsidiary of
the Borrower) to be an Unrestricted Subsidiary unless such Subsidiary or any of its Subsidiaries owns any Capital Stock or Indebtedness
of, or owns or holds any Lien on any property of, the Borrower or any other Restricted Subsidiary of the Borrower that is not a
Subsidiary of the Subsidiary to be so designated; provided, that (A) such designation was made at or prior to the
Closing Date, or (B) the Subsidiary to be so designated has total consolidated assets of $1,000 or less or (C) if
such Subsidiary has consolidated assets greater than $1,000, then such designation would be permitted under Subsection 8.2
and (D) immediately after such designation, no Event of Default under Subsection 9.1(a) or (f) shall have
occurred and be continuing. The Board of Directors may designate any Unrestricted Subsidiary to be a Restricted Subsidiary; provided,
that immediately after giving effect to such designation (1) (x) the Borrower could Incur at least $1.00
of additional Indebtedness under Subsection 8.1(a) or (y) the Consolidated Coverage Ratio would be equal to or greater
than it was immediately prior to giving effect to such designation or (z) such Subsidiary shall be a Special Purpose Subsidiary
with no Indebtedness outstanding other than Indebtedness that can be Incurred (and upon such designation shall be deemed to be
Incurred and outstanding) pursuant to Subsection 8.1(b) and (2) immediately after such designation, no Event
of Default under Subsection 9.1(a) or (f) shall have occurred and be continuing. Any such designation by the Board
of Directors shall be evidenced to the Administrative Agent by promptly filing with the Administrative Agent a copy of the resolution
of the Borrower’s Board of Directors giving effect to such designation and a certificate of a Responsible Officer of the
Borrower certifying that such designation complied with the foregoing provisions.

 

    	 	- 75 -	 

     

    

 

“U.S. Tax Compliance
Certificate”: as defined in Subsection 4.11(b)(ii)(2).

 

“Voting Stock”:
as to any entity, all classes of Capital Stock of such entity then outstanding and normally entitled to vote in the election of
directors or all interests in such entity with the ability to control the management or actions of such entity.

 

“Wholly Owned
Subsidiary”: as to any Person, any Subsidiary of such Person of which such Person owns, directly or indirectly through
one or more Wholly Owned Subsidiaries, all of the Capital Stock of such Subsidiary other than director’s qualifying shares
or shares held by nominees.

 

“Write-Down
and Conversion Powers”: 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.

 

1.2           Other
Definitional and Interpretive Provisions.

 

(a)          Unless
otherwise specified therein, all terms defined in this Agreement shall have the defined meanings when used in any Notes, any other
Loan Document or any certificate or other document made or delivered pursuant hereto.

 

(b)          As
used herein and in any Notes and any other Loan Document, and any certificate or other document made or delivered pursuant hereto
or thereto, accounting terms relating to the Borrower and its Restricted Subsidiaries not defined in Subsection 1.1
and accounting terms partly defined in Subsection 1.1, to the extent not defined, shall have the respective meanings given
to them under GAAP.

 

(c)          The
words “hereof”, “herein” and “hereunder” and words of similar import when used in this Agreement
shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, Subsection, Schedule
and Exhibit references are to this Agreement unless otherwise specified. The words “include”, “includes”
and “including” shall be deemed to be followed by the phrase “without limitation.” Any
reference herein to any Person shall be construed to include such Person’s successors and assigns permitted hereunder. With
respect to any Default or Event of Default, the words “exists,” “is continuing” or similar expressions
with respect thereto shall mean that such Default or Event of Default has occurred and has not yet been cured or waived. If any
Default or Event of Default has occurred hereunder (any such Default or Event of Default, an “Initial Default”)
and is subsequently cured (a “Cured Default”), any other Default or Event of Default that resulted from (i)
the making or deemed making of any representation or warranty by any Loan Party or (ii) the taking of any action by any
Loan Party or any Subsidiary of any Loan Party that was prohibited hereunder solely as a result of the continuation of such Cured
Default (and was not otherwise prohibited by this Agreement), in each case which subsequent Default or Event of Default would not
have arisen had the Cured Default not been continuing at the time of such representation, warranty or action, shall be deemed to
automatically be cured upon, and simultaneously with, the cure of the Cured Default, so long as at the time of such representation,
warranty or action, no Responsible Officer of the Borrower had knowledge of any such Initial Default. To the extent not already
so notified, the Borrower will provide prompt written notice of any such automatic cure to the Administrative Agent after a Responsible
Officer of the Borrower knows of the occurrence of any such automatic cure.

 

    	 	- 76 -	 

     

    

 

(d)          For
purposes of determining any financial ratio or making any financial calculation for any Fiscal Quarter (or portion thereof) ending
prior to the Closing Date, the components of such financial ratio or financial calculation shall be determined on a pro forma basis
to give effect to the Transactions as if they had occurred at the beginning of such four-quarter period; and each Person that is
a Restricted Subsidiary upon giving effect to the Transactions shall be deemed to be a Restricted Subsidiary for purposes of the
components of such financial ratio or financial calculation as of the beginning of such four-quarter period.

 

(e)          [Reserved].

 

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

 

(g)          Any
references in this Agreement to “cash and/or Cash Equivalents”, “cash, Cash Equivalents and/or Temporary Cash
Investments” or any similar combination of the foregoing shall be construed as not double counting cash or any other applicable
amount which would otherwise be duplicated therein.

 

(h)          The
meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms.

 

(i)           In
connection with any action being taken in connection with a Limited Condition Transaction, for purposes of determining compliance
with any provision of this Agreement which requires that no Default, Event of Default or specified Default or Event of Default,
as applicable, has occurred, is continuing or would result from any such action, as applicable, such condition shall, at the option
of the Borrower, be deemed satisfied, so long as no Default, Event of Default or specified Default or Event of Default, as applicable,
exists on the date (x) a definitive agreement for such Limited Condition Transaction is entered into, (y) in connection
with an acquisition to which the United Kingdom City Code on Takeovers and Mergers (or any
equivalent thereof under the laws, rules or regulations in any other applicable jurisdiction) applies, the date on which
a “Rule 2.7 announcement” of a firm intention to make an offer in respect of a target of a Limited Condition Transaction
is made (or the equivalent notice under such equivalent laws, rules or regulations in such
other applicable jurisdiction) or (z) irrevocable notice of redemption, repurchase, defeasance, satisfaction and
discharge or repayment of Indebtedness, Disqualified Stock or Preferred Stock is given. For the avoidance of doubt, if the Borrower
has exercised its option under the first sentence of this clause (i), and any Default, Event of Default or specified Default or
Event of Default, as applicable, occurs following the date (x) a definitive agreement for the applicable Limited Condition
Transaction was entered into, (y) in connection with an acquisition to which the United Kingdom City Code on Takeovers and
Mergers (or any equivalent thereof under the laws, rules or regulations in any other applicable
jurisdiction) applies, the date on which a “Rule 2.7 announcement” of a firm intention to make an offer in respect
of a target of a Limited Condition Transaction is made (or the equivalent notice under such
equivalent laws, rules or regulations in such other applicable jurisdiction) or (z) irrevocable notice of redemption,
repurchase, defeasance, satisfaction and discharge or repayment of Indebtedness, Disqualified Stock or Preferred Stock is given
and prior to the consummation of such Limited Condition Transaction, any such Default, Event of Default or specified Default or
Event of Default, as applicable, shall be deemed to not have occurred or be continuing for purposes of determining whether any
action being taken in connection with such Limited Condition Transaction is permitted hereunder.

 

    	 	- 77 -	 

     

    

 

(j)          In
connection with any action being taken in connection with a Limited Condition Transaction, for purposes of:

 

(i)          determining
compliance with any provision of this Agreement which requires the calculation of the Consolidated Coverage Ratio, the Consolidated
Secured Leverage Ratio or the Consolidated Total Leverage Ratio or any other financial measure;

 

(ii)         testing
baskets set forth in this Agreement (including baskets measured as a percentage of Consolidated Four Quarter EBITDA); or

 

(iii)        any
other determination as to whether any such Limited Condition Transaction and any related transactions (including any financing
thereof) complies with the covenants or agreements contained in this Agreement;

 

in each case,
at the option of the Borrower (the Borrower’s election to exercise such option in connection with any Limited Condition Transaction,
an “LCT Election”), the date of determination of whether any such action is permitted hereunder, shall be deemed
to be the date (x) a definitive agreement for such Limited Condition Transaction is entered into, (y) in connection
with an acquisition to which the United Kingdom City Code on Takeovers and Mergers (or any
comparable laws, rules or regulations in any other jurisdiction) applies, the date on which a “Rule 2.7 announcement”
of a firm intention to make an offer in respect of a target of a Limited Condition Transaction (or
the equivalent notice under such comparable laws, rules or regulations in such other jurisdiction) or (z) irrevocable
notice of redemption, repurchase, defeasance, satisfaction and discharge or repayment of Indebtedness, Disqualified Stock or Preferred
Stock is given, as applicable (the “LCT Test Date”), and if, after giving pro forma effect to the Limited Condition
Transaction and the other transactions to be entered into in connection therewith (including any Incurrence or Discharge of Indebtedness
and Liens and the use of proceeds thereof) as if they had occurred at the beginning of the most recent four consecutive Fiscal
Quarters of the Borrower ending prior to the LCT Test Date for which consolidated financial statements of the Borrower are available,
the Borrower could have taken such action on the relevant LCT Test Date in compliance with such ratio, basket or amount, such ratio,
basket or amount shall be deemed to have been complied with. For the avoidance of doubt, if the Borrower has made an LCT Election
and any of the ratios, baskets or amounts for which compliance was determined or tested as of the LCT Test Date are exceeded as
a result of fluctuations in any such ratio, basket or amount, including due to fluctuations in exchange rates or in Consolidated
EBITDA of the Borrower or the Person subject to such Limited Condition Transaction or any applicable currency exchange rate, at
or prior to the consummation of the relevant transaction or action, such ratios, baskets or amounts will not be deemed to have
been exceeded as a result of such fluctuations. If the Borrower has made an LCT Election for any Limited Condition Transaction,
then in connection with any subsequent calculation of any ratio, basket or amount with respect to the Incurrence or Discharge of
Indebtedness or Liens, or the making of Restricted Payments, Asset Dispositions, mergers, the conveyance, lease or other transfer
of all or substantially all of the assets of the Borrower or the designation of an Unrestricted Subsidiary on or following the
relevant LCT Test Date and prior to the earlier of the date on which such Limited Condition Transaction is consummated and the
date on which the definitive agreement for such Limited Condition Transaction (if an acquisition or investment) is terminated or
expires without consummation of such Limited Condition Transaction, any such ratio, basket or amount shall be calculated on a pro
forma basis assuming such Limited Condition Transaction and other transactions in connection therewith (including any Incurrence
or Discharge of Indebtedness and Liens and the use of proceeds thereof) have been consummated.

 

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SECTION 2

 

Amount and Terms of Commitments

 

2.1           Initial
Term Loans. Subject to the terms and conditions hereof, each Lender holding an Initial Term Loan Commitment severally agrees
to make, in Dollars, in a single draw on the Closing Date, one or more term loans (each, an “Initial Term Loan”)
to the Borrower in an aggregate principal amount not to exceed the amount set forth opposite such Lender’s name in Schedule
A under the heading “Initial Term Loan Commitment”, as such amount may be adjusted or reduced pursuant to the terms
hereof, which Initial Term Loans:

 

(i)          except
as hereinafter provided, shall, at the option of the Borrower be incurred and maintained as, and/or converted into, ABR Loans or
Eurodollar Loans; and

 

(ii)         shall
be made by each such Lender in an aggregate principal amount which does not exceed the Initial Term Loan Commitment of such Lender.

 

Without limitation of
Subsections 2.6 and 8.1(b)(i), once repaid, Initial Term Loans incurred hereunder may not be reborrowed. On the Closing
Date (after giving effect to the incurrence of Initial Term Loans on such date), the Initial Term Loan Commitments of each Lender
shall terminate.

 

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2.2           Notes.
(a) The Borrower agrees that, upon the request to the Administrative Agent by any Lender made on or prior to the Closing Date or
in connection with any assignment pursuant to Subsection 11.6(b), in order to evidence such Lender’s Loan, the Borrower
will execute and deliver to such Lender a promissory note substantially in the form of Exhibit A (each, as amended, supplemented,
replaced or otherwise modified from time to time, a “Note”, and, collectively, the “Notes”),
in each case with appropriate insertions therein as to payee, date and principal amount, payable to such Lender and in a principal
amount equal to the unpaid principal amount of the applicable Loans made (or acquired by assignment pursuant to Subsection 11.6(b))
by such Lender to the Borrower. Each Note shall be dated the Closing Date and shall be payable as provided in Subsection 2.2(b)
and provide for the payment of interest in accordance with Subsection 4.1.

 

(b)          The
Initial Term Loans of all the Lenders shall be payable in consecutive quarterly installments beginning on June 29, 2018 up to and
including the Initial Term Loan Maturity Date (subject to reduction as provided in Subsection 4.4), on the dates (each such
date, an “Installment Date”) and in the principal amounts, subject to adjustment as set forth below, equal to
the respective amounts set forth below (together with all accrued interest thereon) opposite the applicable Installment Dates (or,
if less, the aggregate amount of such Initial Term Loans then outstanding):

 

	Date	 	Amount
	 	 	 
	The last Business Day of each March, June, September and December ending prior to the Initial Term Loan Maturity Date	 	0.25% of the aggregate initial principal amount of the Initial Term Loans on the Closing Date
	 	 	 
	Initial Term Loan Maturity Date	 	all unpaid aggregate principal amounts of any outstanding Initial Term Loans

 

2.3           Procedure
for Initial Term Loan Borrowing. The Borrower shall have given the Administrative Agent notice (which notice must have been
received by the Administrative Agent prior to 9:00 A.M., New York City time (or such later time as may be agreed by the Administrative
Agent in its reasonable discretion), and shall be revocable at any time prior to funding) on the Closing Date specifying the amount
of the Initial Term Loans to be borrowed by the Borrower. Upon receipt of such notice, the Administrative Agent shall promptly
notify each applicable Lender thereof. Each Lender having an Initial Term Loan Commitment will make the amount of its pro rata
share of the Initial Term Loan Commitments available to the Administrative Agent, in each case for the account of the Borrower
at the office of the Administrative Agent specified in Subsection 11.2 prior to 10:00 A.M., New York City time (or, if the
time period for the Borrower’s delivery of notice was extended, such later time as agreed to by the Borrower and the Administrative
Agent in its reasonable discretion, but in no event less than one hour following notice), on the Closing Date in funds immediately
available to the Administrative Agent. The Administrative Agent shall on such date credit the account of the Borrower on the books
of the Administrative Agent with the aggregate of the amounts made available to the Administrative Agent by the Lenders and in
like funds as received by the Administrative Agent.

 

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2.4           [Reserved].

 

2.5           Repayment
of Loans. (a) The Borrower hereby unconditionally promises to pay to the Administrative Agent (in the currency in which the
Initial Term Loans are denominated) for the account of each Lender the then unpaid principal amount of each Initial Term Loan of
such Lender made to the Borrower, on the Initial Term Loan Maturity Date (or such earlier date on which the Initial Term Loans
become due and payable pursuant to Section 9). The Borrower hereby further agrees to pay interest (in the currency in which
the Initial Term Loans are denominated) on the unpaid principal amount of such Loans from time to time outstanding from the date
hereof until payment in full thereof at the rates per annum, and on the dates, set forth in Subsection 4.1.

 

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

 

(c)          The
Administrative Agent shall maintain the Register pursuant to Subsection 11.6(b), and a subaccount therein for each Lender,
in which shall be recorded (i) the amount of each Loan made hereunder, whether such Loan is a Term Loan, the Type thereof,
the Tranche thereof and each Interest Period, if any, applicable thereto, (ii) the amount of any principal or interest due
and payable or to become due and payable from the Borrower to each applicable Lender hereunder and (iii) the amount of any
sum received by the Administrative Agent hereunder from the Borrower and each applicable Lender’s share thereof.

 

(d)          The
entries made in the Register and the accounts of each Lender maintained pursuant to Subsection 2.5(c) shall, to the extent
permitted by applicable law, be prima facie evidence of the existence and amounts of the obligations of the Borrower therein recorded;
provided, however, that the failure of any Lender or the Administrative Agent to maintain the Register or any such
account, or any error therein, shall not in any manner affect the obligation of the Borrower to repay (with applicable interest)
the Loans made to the Borrower by such Lender in accordance with the terms of this Agreement.

 

2.6           Incremental
Facilities. (a) So long as no Event of Default under Subsection 9.1(a) or (f) exists or would arise therefrom,
the Borrower shall have the right (on behalf of itself, or in the case of Incremental Loans the proceeds of which will be subject
to an escrow or other similar arrangement, an Escrow Subsidiary (any such Escrow Subsidiary, an “Escrow Borrower”)),
at any time and from time to time after the Closing Date, (i) to request new term loan commitments under one or more new
term loan credit facilities to be included in this Agreement (the “Incremental Term Loan Commitments”), (ii)
to increase the Existing Term Loans by requesting new term loan commitments to be added to an Existing Tranche of Term Loans (the
“Supplemental Term Loan Commitments”), (iii) to request new commitments under one or more new revolving
facilities to be included in this Agreement (the “Incremental Revolving Commitments”, and each Lender providing
Incremental Revolving Commitments, an “Incremental Revolving Lender”), and (iv) to request new letter
of credit facility commitments under one or more new letter of credit facilities to be included in this Agreement (the “Incremental
Letter of Credit Commitments” and, together with the Incremental Term Loan Commitments, Supplemental Term Loan Commitments
and the Incremental Revolving Commitments, the “Incremental Commitments”), provided that, (i)
the aggregate amount of Incremental Commitments permitted pursuant to this Subsection 2.6 shall not exceed, at the time
the respective Incremental Commitment becomes effective (and after giving effect to the Incurrence of Indebtedness in connection
therewith and the application of proceeds of any such Indebtedness, including to refinance other Indebtedness), an amount that
could then be Incurred under this Agreement in compliance with Subsection 8.1(b)(i) and (ii) if any portion
of an Incremental Commitment is to be incurred in reliance on clause (ii) of the definition of “Maximum Incremental Facilities
Amount”, the Borrower shall have delivered a certificate to the Administrative Agent, certifying compliance with the financial
test set forth in such clause (together with calculations demonstrating compliance with such test). Any loans made in respect of
any such Incremental Commitment (other than Supplemental Term Loan Commitments) shall be made by creating a new Tranche. Each Incremental
Commitment made available pursuant to this Subsection 2.6 shall be in a minimum aggregate amount of at least $10,000,000
and in integral multiples of $5,000,000 in excess thereof (or such lower minimum amounts or multiples as agreed to by the Administrative
Agent in its reasonable discretion); provided that such amount may be less than $10,000,000 if such amount represents the
then remaining aggregate principal amount available to be Incurred in compliance with Subsection 8.1(b)(i).

 

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(b)          Each
request from the Borrower pursuant to this Subsection 2.6 shall set forth the requested amount and proposed terms of the
relevant Incremental Commitments. The Incremental Commitments (or any portion thereof) may be made by any existing Lender or by
any other bank or other financial institution (any such other bank or other financial institution, an “Additional Incremental
Lender”, and the Additional Incremental Lenders together with any existing Lender providing Incremental Commitments,
the “Incremental Lenders”); provided that if such Additional Incremental Lender is not already a Lender
hereunder or an Affiliate of a Lender hereunder or an Approved Fund, the consent of the Administrative Agent (such consent not
to be unreasonably withheld, conditioned or delayed) shall be required (it being understood that any such Additional Incremental
Lender that is an Affiliated Lender shall be subject to the provisions of Subsection 11.6(h), mutatis mutandis, to
the same extent as if such Incremental Commitments and related Obligations had been obtained by such Lender by way of assignment).
The Borrower may agree, in its sole discretion, to accept a lesser amount of any Incremental Commitment than originally requested.
In the event there are Lenders and Additional Incremental Lenders that have committed to an Incremental Commitment in excess of
the maximum amount requested (or permitted), then the Borrower shall have the right to allocate such commitments on whatever basis
the Borrower determines is appropriate.

 

(c)          Supplemental
Term Loan Commitments shall become commitments under this Agreement pursuant to a supplement specifying the Tranche of Term Loans
to be increased, executed by the Borrower and each increasing Lender substantially in the form attached hereto as Exhibit I-1
or in such other form as may be appropriate in the opinion of the Borrower and the Administrative Agent (the “Increase
Supplement”) or by each Additional Incremental Lender substantially in the form attached hereto as Exhibit I-2
or in such other form as may be appropriate in the opinion of the Borrower and the Administrative Agent (the “Lender Joinder
Agreement”), as the case may be, which shall be delivered to the Administrative Agent for recording in the Register.
Upon effectiveness of the Lender Joinder Agreement each Additional Incremental Lender shall be a Lender for all intents and purposes
of this Agreement and the term loan made pursuant to such Supplemental Term Loan Commitment shall be a Term Loan. Each Increase
Supplement and/or Lender Joinder Agreement may, without the consent of any other Lender, effect such amendments to any Loan Documents
(including amendments to Subsection 2.2(b) to increase the amortization payments or interest rate margins thereunder or
add customary call protection provisions with respect thereto to allow for the applicable Incremental Loans to be fungible with
an existing Tranche of Term Loans hereunder) as may be necessary or appropriate, in the opinion of the Borrower and the Administrative
Agent, to effect the provisions of this Subsection 2.6(c).

 

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(d)          Incremental
Commitments (other than Supplemental Term Loan Commitments) shall become commitments under this Agreement pursuant to an amendment
(an “Incremental Commitment Amendment”) to this Agreement and, as appropriate, the other Loan Documents, executed
by the Borrower, an Escrow Borrower (if applicable) and each applicable Incremental Lender. An Incremental Commitment Amendment
may, without the consent of any other Lender, effect such amendments to any Loan Documents as may be necessary or appropriate,
in the opinion of the Borrower and the Administrative Agent, to effect the provisions of this Subsection 2.6; provided,
however, that (i) (A) the Incremental Commitments will not be guaranteed by any Subsidiary of the Borrower
other than the Subsidiary Guarantors (it being understood that the primary obligation of an Escrow Borrower shall not constitute
a guarantee by a Subsidiary that is not a Subsidiary Guarantor), and (other than with respect to proceeds of such Incremental Commitments
that are subject to an escrow or other similar arrangement and any related deposit of cash, Cash Equivalents or Temporary Cash
Investments to cover interest and premium in respect of such Incremental Commitments) will be secured on a pari passu or
(at the Borrower’s option) junior basis by the same Collateral securing the Term Loan Facility Obligations (so long as any
such Incremental Commitments (and related Obligations) are subject to a Junior Lien Intercreditor Agreement or an Other Intercreditor
Agreement, as applicable), (B) the Incremental Commitments and any incremental loans drawn thereunder (the “Incremental
Loans”) shall rank pari passu in right of payment with or (at the Borrower’s option) junior to the Term
Loan Facility Obligations and (C) no Incremental Commitment Amendment may provide for (I) any Incremental Commitment
or any Incremental Loans to be secured by any Lien on any asset (other than proceeds of Incremental Loans that are subject to an
escrow or similar arrangement and any related deposit of cash, Cash Equivalents or Temporary Cash Investments to cover interest
and premium in respect of such Incremental Loans) of any Loan Party that does not also secure the Term Loans and (II) so
long as any Initial Term Loans are outstanding, any mandatory prepayment from the Net Cash Proceeds of Asset Dispositions (other
than any Asset Disposition in respect of any assets, business or Person the acquisition of which was financed, all or in part,
with Incremental Loans provided pursuant to such Incremental Commitment Amendment and the disposition of which was contemplated
by any definitive agreement in respect of such acquisition) or Recovery Event or from Excess Cash Flow, to the extent the Net Cash
Proceeds of such Asset Disposition or Recovery Event or such Excess Cash Flow are required to be applied to repay the Initial Term
Loans pursuant to Subsection 4.4(b), on more than a ratable basis with the Initial Term Loans (after giving effect to any
amendment in accordance with Subsection 11.1(d)(vi)); (ii) no Lender will be required to provide any such Incremental
Commitment unless it so agrees; (iii) the maturity date and the weighted average life to maturity of any Incremental
Term Loan Commitments shall be no earlier than or shorter than, as the case may be, the Initial Term Loan Maturity Date or the
remaining weighted average life to maturity of the Initial Term Loans, as applicable (other than an earlier maturity date and/or
shorter weighted average life to maturity (1) for customary bridge financings, which, subject to customary conditions (as
determined by the Borrower in good faith, which determination shall be conclusive), would either be automatically converted into
or required to be exchanged for permanent financing which does not provide for an earlier maturity date or a shorter weighted average
life to maturity than the Initial Term Loan Maturity Date or the remaining weighted average life to maturity of the Initial Term
Loans, as applicable or (2) pursuant to an escrow or similar arrangement with respect to the proceeds of such Incremental
Term Loans); (iv) the interest rate margins and amortization schedule applicable to the loans made pursuant to the Incremental
Commitments shall be determined by the Borrower and the applicable Incremental Lenders; provided that in the event that
the applicable interest rate margins for any syndicated floating rate Incremental Term Loans denominated in Dollars, the principal
amount of which exceeds $75,000,000, with a Stated Maturity that is earlier than 12 months following the Initial Term Loan Maturity
Date Incurred by the Borrower pursuant to the Ratio Incremental Facility, made on or prior to the 12-month anniversary of the Closing
Date, are higher than the applicable interest rate margin for the Initial Term Loans by more than 75 basis points, then the effective
interest rate margin for the Initial Term Loans at the time such Incremental Commitments become effective (the “Existing
Interest Rate”) shall be increased to the extent necessary so that the Existing Interest Rate is equal to the applicable
interest rate margins for such Incremental Term Loan Commitment minus 75 basis points (the “Adjusted Interest Rate”,
and the number of basis points by which the Existing Interest Rate is increased, the “Increased Amount”); provided,
further that, in determining the applicable interest rate margins for the applicable Initial Term Loans and the Incremental
Term Loans, (A) original issue discount (“OID”) or upfront fees payable generally to all participating
Lenders in lieu of OID (which shall be deemed to constitute like amounts of OID) payable by the Borrower to the Lenders under the
Initial Term Loans or any Incremental Term Loan, as applicable, in the initial primary syndication thereof shall be included (with
OID and upfront fees being equated to interest rate based on an assumed four-year life to maturity) (provided that, if the
Initial Term Loans are issued in a manner such that all Initial Term Loans were not issued with a uniform amount of OID or upfront
fees within the applicable Tranche of Initial Term Loans, the amount of OID and upfront fees attributable to the entire Tranche
of Initial Term Loans shall be determined on a weighted average basis); (B) any arrangement or structuring fees payable
in connection with the Incremental Term Loans or any other fees payable in connection with the Incremental Term Loans that are
not shared with all Additional Incremental Lenders providing such Incremental Term Loans shall, in each case, be excluded; (C)
any amendments to the Applicable Margin or the effective interest rate margin on the Initial Term Loans that became effective subsequent
to the Closing Date but prior to the effective time of such Incremental Term Loans shall also be included in such calculations,
(D) if the Incremental Term Loans include an interest rate floor greater than the interest rate floor applicable to the
Initial Term Loans, such increased amount shall be equated to the applicable interest rate margin for purposes of determining whether
an increase to the Applicable Margin for such Initial Term Loans shall be required, to the extent an increase in the interest rate
floor for the Initial Term Loans would cause an increase in the interest rate then in effect thereunder, and in such case the interest
rate floor (but not the Applicable Margin) applicable to the Initial Term Loans shall be increased by such amount to the extent
necessary to adjust the applicable Existing Interest Rate to be equal to the applicable Adjusted Interest Rate, (E) if
the Incremental Term Loans include an interest rate floor lower than the interest rate floor applicable to the Initial Term Loans
or do not include any interest rate floor, to the extent a reduction in the interest rate floor for the Initial Term Loans would
cause a reduction in the interest rate then in effect thereunder, an amount equal to the difference between the interest rate floor
applicable to the Initial Term Loans and the interest rate floor applicable to such Incremental Term Loans (which shall be deemed
to equal 0% for any Incremental Term Loans without any interest rate floor), but which in any event shall not exceed the maximum
amount by which a reduction in the interest rate floor applicable to the Initial Term Loans would cause a reduction in the interest
rate then in effect thereunder, shall reduce the applicable interest rate margin of the applicable Incremental Term Loans for purposes
of determining whether an increase in the Existing Interest Rate shall be required and (F) if the applicable Tranche of
Initial Term Loans includes a pricing grid the interest rate margins in such pricing grid that are not in effect at the time the
applicable Incremental Commitments become effective shall also each be increased by an amount equal to the Increased Amount; (v)
such Incremental Commitment Amendment may provide (1) for the inclusion, as appropriate, of Additional Incremental Lenders
in any required vote or action of the Required Lenders or of the Lenders of each Tranche hereunder, (2) for class voting
and other class protections for any additional credit facilities, (3) for the amendment of the definitions of “Additional
Obligations”, “Disqualified Stock”, “Junior Capital” and “Refinancing Indebtedness” and
Subsection 8.8(b), in each case only to extend the maturity date and the weighted average life to maturity requirements,
from the Initial Term Loan Maturity Date and remaining weighted average life to maturity of the Initial Term Loans to the extended
maturity date and the remaining weighted average life to maturity of such Incremental Term Loans, as applicable, (4) in
the case of an Incremental Revolving Commitment or an Incremental Letter of Credit Commitment, provide for amendments and modifications
necessary or desirable (as determined by the Borrower in good faith, which determination shall be conclusive) to account for the
Incremental Revolving Commitments and Incremental Letter of Credit Commitments to be included in this Agreement, in each case on
terms as agreed by the Borrower and the Lenders providing such Commitments (including any swingline lender or issuing lender) and
with the consent of the Administrative Agent (not to be unreasonably withheld, conditioned or delayed) and (5) for the amendment
of clause (iii) of the definition of “Additional Obligations” to provide for the applicable mandatory prepayment protections
to apply to such Incremental Term Loans; and (vi) the other terms and documentation in respect thereof, to the extent not
consistent with this Agreement as in effect prior to giving effect to the Incremental Commitment Amendment, shall otherwise be
reasonably satisfactory to the Borrower; provided that to the extent such terms and documentation are not consistent with,
in the case of Incremental Term Loans, the terms and documentation governing the Initial Term Loans (except to the extent permitted
by clause (iii), (iv) or (v) above), they shall be reasonably satisfactory to the Borrower and the Administrative Agent.

 

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2.7           Permitted
Debt Exchanges. (a) Notwithstanding anything to the contrary contained in this Agreement, pursuant to one or more offers (each,
a “Permitted Debt Exchange Offer”) made from time to time by the Borrower to all Lenders (other than any Lender
that, if requested by the Borrower, is unable to certify that it is either a “qualified institutional buyer” (as defined
in Rule 144A under the Securities Act) or an institutional “accredited investor” (as defined in Rule 501 under the
Securities Act)) with outstanding Term Loans of a particular Tranche, as selected by the Borrower, the Borrower may from time to
time following the Closing Date consummate one or more exchanges of Term Loans of such Tranche for Additional Obligations in the
form of notes (such notes, “Permitted Debt Exchange Notes”, and each such exchange a “Permitted Debt
Exchange”), so long as the following conditions are satisfied: (i) the aggregate principal amount (calculated
on the face amount thereof) of Term Loans exchanged shall be equal to or more than the aggregate principal amount (calculated on
the face amount thereof) of Permitted Debt Exchange Notes issued in exchange for such Term Loans, (ii) the aggregate principal
amount (calculated on the face amount thereof) of all Term Loans exchanged by the Borrower pursuant to any Permitted Debt Exchange
shall automatically be cancelled and retired by the Borrower on the date of the settlement thereof (and, if requested by the Administrative
Agent, any applicable exchanging Lender shall execute and deliver to the Administrative Agent an Assignment and Acceptance, or
such other form as may be reasonably requested by the Administrative Agent, in respect thereof pursuant to which the respective
Lender assigns its interest in the Term Loans being exchanged pursuant to the Permitted Debt Exchange to the Borrower for immediate
cancellation), (iii) if the aggregate principal amount of all Term Loans (calculated on the face amount thereof) tendered
by Lenders in respect of the relevant Permitted Debt Exchange Offer (with no Lender being permitted to tender a principal amount
of Term Loans which exceeds the principal amount of the applicable Tranche actually held by it) shall exceed the maximum aggregate
principal amount of Term Loans offered to be exchanged by the Borrower pursuant to such Permitted Debt Exchange Offer, then the
Borrower shall exchange Term Loans subject to such Permitted Debt Exchange Offer tendered by such Lenders ratably up to such maximum
amount based on the respective principal amounts so tendered, (iv) each such Permitted Debt Exchange Offer shall be made
on a pro rata basis to the Lenders (other than any Lender that, if requested by the Borrower, is unable to certify that it is either
a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act) or an institutional “accredited
investor” (as defined in Rule 501 under the Securities Act)) based on their respective aggregate principal amounts of outstanding
Term Loans of the applicable Tranche, (v) all documentation in respect of such Permitted Debt Exchange shall be consistent
with the foregoing and all written communications generally directed to the Lenders in connection therewith shall be in form and
substance consistent with the foregoing and made in consultation with the Administrative Agent and (vi) any applicable Minimum
Exchange Tender Condition shall be satisfied.

 

(b)          With
respect to all Permitted Debt Exchanges effected by the Borrower pursuant to this Subsection 2.7, (i) such Permitted
Debt Exchanges (and the cancellation of the exchanged Term Loans in connection therewith) shall not constitute voluntary or mandatory
payments or prepayments for purposes of Subsection 4.4 and (ii) such Permitted Debt Exchange Offer shall be made
for not less than $5,000,000 in aggregate principal amount of Term Loans (or, in each case, such lower principal amount as agreed
to by the Administrative Agent in its reasonable discretion), provided that subject to the foregoing clause (ii), the Borrower
may at its election specify as a condition (a “Minimum Exchange Tender Condition”) to consummating any such
Permitted Debt Exchange that a minimum amount (to be determined and specified in the relevant Permitted Debt Exchange Offer in
the Borrower’s discretion) of Term Loans be tendered.

 

(c)          In
connection with each Permitted Debt Exchange, the Borrower shall provide the Administrative Agent at least ten Business Days’
(or such shorter period as may be agreed by the Administrative Agent) prior written notice thereof, and the Borrower and the Administrative
Agent, acting reasonably, shall mutually agree to such procedures as may be necessary or advisable to accomplish the purposes of
this Subsection 2.7 and without conflict with Subsection 2.7(d); provided that the terms of any Permitted
Debt Exchange Offer shall provide that the date by which the relevant Lenders are required to indicate their election to participate
in such Permitted Debt Exchange shall be not less than five Business Days following the date on which the Permitted Debt Exchange
Offer is made (or such shorter period as may be agreed to by the Administrative Agent in its reasonable discretion).

 

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(d)          The
Borrower shall be responsible for compliance with, and hereby agrees to comply with, all applicable securities and other laws in
connection with each Permitted Debt Exchange, it being understood and agreed that (x) neither the Administrative Agent nor
any Lender assumes any responsibility in connection with the Borrower’s compliance with such laws in connection with any
Permitted Debt Exchange (other than the Borrower’s reliance on any certificate delivered by a Lender pursuant to Subsection
2.7(a) above for which such Lender shall bear sole responsibility) and (y) each Lender shall be solely responsible for
its compliance with any applicable “insider trading” laws and regulations to which such Lender may be subject under
the Exchange Act.

 

2.8           Extension
of Term Loans. (a) The Borrower may at any time and from time to time request that all or a portion of the Term Loans of one
or more Tranches (including any Extended Term Loans) existing at the time of such request (each, an “Existing Tranche”
and the Term Loans of such Tranche, the “Existing Loans”) be converted to extend the scheduled maturity date(s)
of any payment of principal or scheduled termination date(s) of any commitments, as applicable, with respect to all or a portion
of any principal or committed amount of any Existing Tranche (any such Existing Tranche which has been so extended, an “Extended
Term Tranche” or “Extended Tranche”, and the Term Loans of such Extended Tranches, the “Extended
Term Loans” or the “Extended Loans”) and to provide for other terms consistent with this Subsection
2.8; provided that (i) any such request shall be made by the Borrower to all Lenders with Term Loans with a like
maturity date (whether under one or more Tranches) on a pro rata basis (based on the aggregate outstanding principal amount of
the applicable Term Loans), and (ii) any applicable Minimum Extension Condition shall be satisfied unless waived by the
Borrower. In order to establish any Extended Tranche, the Borrower shall provide a notice to the Administrative Agent (who shall
provide a copy of such notice to each of the Lenders of the applicable Existing Tranche) (an “Extension Request”)
setting forth the proposed terms of the Extended Tranche to be established, which terms shall be identical to those applicable
to the Existing Tranche from which they are to be extended (the “Specified Existing Term Tranche”), except (x) all
or any of the final maturity dates of such Extended Tranches may be delayed to later dates than the final maturity dates of the
Specified Existing Term Tranche, (y) (A) the interest margins with respect to the Extended Tranche may be higher
or lower than the interest margins for the Specified Existing Term Tranche and/or (B) additional fees may be payable to
the Lenders providing such Extended Tranche in addition to or in lieu of any increased margins contemplated by the preceding clause
(A), in each case to the extent provided in the applicable Extension Amendment, and (z) amortization with respect to
the Extended Term Tranche may be greater or lesser than amortization for the Specified Existing Term Tranche; provided that,
notwithstanding anything to the contrary in this Subsection 2.8 or otherwise, assignments and participations of Extended
Tranches shall be governed by the same or, at the Borrower’s discretion, more restrictive assignment and participation provisions
than the assignment and participation provisions applicable to Initial Term Loans set forth in Subsection 11.6. No Lender
shall have any obligation to agree to have any of its Existing Loans converted into an Extended Tranche pursuant to any Extension
Request. Any Extended Tranche shall constitute a separate Tranche of Term Loans from the Specified Existing Term Tranches and from
any other Existing Tranches (together with any other Extended Tranches so established on such date).

 

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(b)          The
Borrower shall provide the applicable Extension Request at least ten Business Days (or such shorter period as the Administrative
Agent may agree in its reasonable discretion) prior to the date on which Lenders under the applicable Existing Tranche or Existing
Tranches are requested to respond. Any Lender (an “Extending Lender”) wishing to have all or a portion of its
Specified Existing Term Tranche converted into an Extended Tranche shall notify the Administrative Agent (each, an “Extension
Election”) on or prior to the date specified in such Extension Request of the amount of its Specified Existing Term Tranche
that it has elected to convert into an Extended Tranche. In the event that the aggregate amount of the Specified Existing Term
Tranche subject to Extension Elections exceeds the amount of Extended Tranches requested pursuant to the Extension Request, the
Specified Existing Term Tranches subject to Extension Elections shall be converted to Extended Tranches on a pro rata basis based
on the amount of Specified Existing Term Tranches included in each such Extension Election. In connection with any extension of
Term Loans pursuant to this Subsection 2.8 (each, an “Extension”), the Borrower shall agree to such procedures
regarding timing, rounding and other administrative adjustments to ensure reasonable administrative management of the credit facilities
hereunder after such Extension, as may be established by, or acceptable to, the Administrative Agent, in each case acting reasonably
to accomplish the purposes of this Subsection 2.8. The Borrower may amend, revoke or replace an Extension Request pursuant
to procedures reasonably acceptable to the Administrative Agent at any time prior to the date (the “Extension Request
Deadline”) on which Lenders under the applicable Existing Tranche are requested to respond to the Extension Request.
Any Lender may revoke an Extension Election at any time prior to 5:00 P.M. on the date that is three Business Days prior to the
Extension Request Deadline, at which point the Extension Election becomes irrevocable (unless otherwise agreed by the Borrower).
The revocation of an Extension Election prior to the Extension Request Deadline shall not prejudice any Lender’s right to
submit a new Extension Election prior to the Extension Request Deadline.

 

(c)          Extended
Tranches shall be established pursuant to an amendment (an “Extension Amendment”) to this Agreement (which may
include amendments to (i) provisions related to maturity, interest margins, fees or amortization referenced in clauses (x)
through (z) of Subsection 2.8(a), (ii) the definitions of “Additional Obligations”, “Disqualified
Stock”, “Junior Capital” and “Refinancing Indebtedness” and Subsection 8.8(b) to amend the
maturity date and the weighted average life to maturity requirements, from the Initial Term Loan Maturity Date and remaining weighted
average life to maturity of the Initial Term Loans to the extended maturity date and the remaining weighted average life to maturity
of such Extended Tranche, as applicable and (iii) clause (iii) of the definition of “Additional Obligations”
to provide for the applicable mandatory prepayment protections to apply to such Extended Term Tranche, and which in each case,
except to the extent expressly contemplated by the third to last sentence of this Subsection 2.8(c) and notwithstanding
anything to the contrary set forth in Subsection 11.1, shall not require the consent of any Lender other than the Extending
Lenders with respect to the Extended Tranches established thereby) executed by the Loan Parties, the Administrative Agent, and
the Extending Lenders. No Extension Amendment shall provide for any Extended Tranche in an aggregate principal amount that is less
than $10,000,000 (or, in each case, such lower principal amount as agreed to by the Administrative Agent in its reasonable discretion).
Notwithstanding anything to the contrary in this Agreement and without limiting the generality or applicability of Subsection
11.1 to any Subsection 2.8 Additional Amendments, any Extension Amendment may provide for additional terms and/or additional
amendments other than those referred to or contemplated above (any such additional amendment, a “Subsection 2.8 Additional
Amendment”) to this Agreement and the other Loan Documents; provided that such Subsection 2.8 Additional Amendments
do not become effective prior to the time that such Subsection 2.8 Additional Amendments have been consented to (including pursuant
to consents applicable to holders of any Extended Tranches provided for in any Extension Amendment) by such of the Lenders, Loan
Parties and other parties (if any) as may be required in order for such Subsection 2.8 Additional Amendments to become effective
in accordance with Subsection 11.1; provided, further, that no Extension Amendment may provide for any Extended
Tranche to be secured by any Collateral or other assets of any Loan Party that does not also secure the Specified Existing Term
Tranche. It is understood and agreed that each Lender has consented for all purposes requiring its consent, and shall at the effective
time thereof be deemed to consent to each amendment to this Agreement and the other Loan Documents authorized by this Subsection
2.8 and the arrangements described above in connection therewith except that the foregoing shall not constitute a consent on
behalf of any Lender to the terms of any Subsection 2.8 Additional Amendment.

 

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(d)          Notwithstanding
anything to the contrary contained in this Agreement, on any date on which any Existing Tranche is converted to extend the related
scheduled maturity date(s) in accordance with clause (a) above (an “Extension Date”), in the case of the Specified
Existing Term Tranche of each Extending Lender, the aggregate principal amount of such Specified Existing Term Tranche shall be
deemed reduced by an amount equal to the aggregate principal amount of Extended Tranche so converted by such Lender on such date,
and such Extended Tranches shall be established as a separate Tranche from the Specified Existing Term Tranche and from any other
Existing Tranches (together with any other Extended Tranches so established on such date); provided that any Extended Term
Tranche or Extended Loans may, to the extent provided in the applicable Extension Amendment, be designated as part of any Tranche
of Term Loans (other than the Specified Existing Term Tranche), established on or prior to the date of such Extension Amendment.

 

(e)          If,
in connection with any proposed Extension Amendment, any Lender declines to consent to the applicable extension on the terms and
by the deadline set forth in the applicable Extension Request (each such other Lender, a “Non-Extending Lender”)
then the Borrower may, on notice to the Administrative Agent and the Non-Extending Lender, (i) replace such Non-Extending
Lender in whole or in part by causing such Lender to (and such Lender shall be obligated to) assign pursuant to Subsection 11.6
(with the assignment fee and any other costs and expenses to be paid by the Borrower in such instance) all or any part of its rights
and obligations under this Agreement in respect of the Existing Loans to one or more assignees; provided that neither the
Administrative Agent nor any Lender shall have any obligation to the Borrower to find a replacement Lender; provided, further,
that the applicable assignee shall have agreed to provide Extended Loans on the terms set forth in such Extension Amendment; and
provided, further, that all obligations of the Borrower owing to the Non-Extending Lender relating to the Existing
Loans so assigned shall be paid in full by the assignee Lender (or, at its option, the Borrower) to such Non-Extending Lender concurrently
with such Assignment and Acceptance or (ii) if no Event of Default exists under Subsection 9.1(a) or (f),
upon notice to the Administrative Agent, prepay the Existing Loans in whole or in part, subject to Subsection 4.12, without
premium or penalty. In connection with any such replacement under this Subsection 2.8, if the Non-Extending Lender does
not execute and deliver to the Administrative Agent a duly completed Assignment and Acceptance and/or any other documentation necessary
to reflect such replacement by the later of (A) the date on which the replacement Lender executes and delivers such Assignment
and Acceptance and/or such other documentation and (B) the date as of which all obligations of the Borrower owing to the
Non-Extending Lender relating to the Existing Loans so assigned shall be paid in full by the assignee Lender (or, at its option,
the Borrower) to such Non-Extending Lender, then such Non-Extending Lender shall be deemed to have executed and delivered such
Assignment and Acceptance and/or such other documentation as of such date, the Administrative Agent shall record such assignment
in the Register and the Borrower shall be entitled (but not obligated) to execute and deliver such Assignment and Acceptance and/or
such other documentation on behalf of such Non-Extending Lender.

 

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(f)          Following
any Extension Date, with the written consent of the Borrower, any Non-Extending Lender may elect to have all or a portion of its
Existing Loans deemed to be an Extended Loan under the applicable Extended Tranche on any date (each date a “Designation
Date”) prior to the maturity date of such Extended Tranche; provided that such Lender shall have provided written
notice to the Borrower and the Administrative Agent at least 10 Business Days prior to such Designation Date (or such shorter period
as the Administrative Agent may agree in its reasonable discretion). Following a Designation Date, the Existing Loans held by such
Lender so elected to be extended will be deemed to be Extended Loans of the applicable Extended Tranche, and any Existing Loans
held by such Lender not elected to be extended, if any, shall continue to be “Existing Loans” of the applicable Tranche.

 

(g)          With
respect to all Extensions consummated by the Borrower pursuant to this Subsection 2.8, (i) such Extensions shall
not constitute optional or mandatory payments or prepayments for purposes of Subsection 4.4 and (ii) no Extension
Request is required to be in any minimum amount or any minimum increment, provided that the Borrower may at its election
specify as a condition (a “Minimum Extension Condition”) to consummating any such Extension that a minimum amount
(to be determined and specified in the relevant Extension Request in the Borrower’s sole discretion and may be waived by
the Borrower) of Existing Loans of any or all applicable Tranches be extended. The Administrative Agent and the Lenders hereby
consent to the transactions contemplated by this Subsection 2.8 (including, for the avoidance of doubt, payment of any interest,
fees or premium in respect of any Extended Loans on such terms as may be set forth in the relevant Extension Request) and hereby
waive the requirements of any provision of this Agreement (including Subsections 4.4 and 4.8) or any other Loan Document
that may otherwise prohibit any such Extension or any other transaction contemplated by this Subsection 2.8.

 

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2.9           Specified
Refinancing Facilities. (a) The Borrower may, from time to time, add one or more new term loan facilities (the “Specified
Refinancing Facilities”) to the Facilities to refinance all or any portion of any Tranche of Term Loans then outstanding
under this Agreement; provided that (i) the Specified Refinancing Facilities will not be guaranteed by any Subsidiary
of the Borrower other than the Subsidiary Guarantors, and will be secured on a pari passu or (at the Borrower’s option)
junior basis by the same Collateral securing the Term Loan Facility Obligations (so long as any applicable Specified Refinancing
Facility (and related Obligations) is subject to the ABL/Term Loan Intercreditor Agreement, a Junior Lien Intercreditor Agreement
or an Other Intercreditor Agreement), (ii) the Specified Refinancing Facilities and any term loans drawn thereunder (the
“Specified Refinancing Loans”) shall rank pari passu in right of payment with or (at the Borrower’s
option) junior to the Term Loan Facility Obligations, (iii) no Specified Refinancing Amendment may provide for any Specified
Refinancing Facility or any Specified Refinancing Loans to be secured by any Collateral or other assets of any Loan Party that
do not also secure the Term Loan Facility Obligations, (iv) the Specified Refinancing Facilities will have such pricing,
amortization (subject to clause (v) below) and optional and mandatory prepayment terms as may be agreed by the Borrower and
the applicable Lenders thereof, (v) the maturity date and the weighted average life to maturity of any Specified Refinancing
Facility shall be no earlier than or shorter than, as the case may be, the Maturity Date of the Tranche of Term Loans being refinanced
or the remaining weighted average life to maturity of the Term Loans being refinanced, as applicable (other than an earlier maturity
date and/or shorter weighted average life to maturity for customary bridge financings, which, subject to customary conditions (as
determined by the Borrower in good faith, which determination shall be conclusive), would either be automatically converted into
or required to be exchanged for permanent financing which does not provide for an earlier maturity date or a shorter weighted average
life to maturity than the Maturity Date of the Tranche of Term Loans being refinanced or the remaining weighted average life to
maturity of the Term Loans being refinanced, as applicable), (vi) the Net Cash Proceeds of such Specified Refinancing Facility
shall be applied, substantially concurrently with the incurrence thereof, to the pro rata prepayment of outstanding Loans being
so refinanced, in each case pursuant to Subsection 4.4 (other than prepayments made with an exchange of Rollover Indebtedness under
the applicable Specified Refinancing Facility as provided for in the final sentence of Subsection 4.4(c)); and (vii)
the Specified Refinancing Facilities shall not have a principal or commitment amount greater than the Loans being refinanced plus
accrued and unpaid interest thereon, plus the aggregate amount of all fees, underwriting discounts, premiums and other costs and
expenses (including accrued and unpaid interest) Incurred or payable in connection with such refinancing.

 

(b)          Each
request from the Borrower pursuant to this Subsection 2.9 shall set forth the requested amount and proposed terms of the
relevant Specified Refinancing Facility. The Specified Refinancing Facilities (or any portion thereof) may be made by any existing
Lender or by any other bank or other financial institution (any such other bank or other financial institution, an “Additional
Specified Refinancing Lender”, and the Additional Specified Refinancing Lenders together with any existing Lender providing
Specified Refinancing Facilities, the “Specified Refinancing Lenders”); provided that if such Additional
Specified Refinancing Lender is not already a Lender hereunder or an Affiliate of a Lender hereunder or an Approved Fund, the consent
of the Administrative Agent (such consent not to be unreasonably withheld, conditioned or delayed) shall be required (it being
understood that any such Additional Specified Refinancing Lender that is an Affiliated Lender shall be subject to the provisions
of Subsection 11.6(h), mutatis mutandis, to the same extent as if such Specified Refinancing Facilities and related
Obligations had been obtained by such Lender by way of assignment).

 

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(c)          Specified
Refinancing Facilities shall become facilities under this Agreement pursuant to a Specified Refinancing Amendment to this Agreement
and, as appropriate, the other Loan Documents, executed by the Borrower and each applicable Specified Refinancing Lender. Any Specified
Refinancing Amendment may, without the consent of any other Lender, effect such amendments to any Loan Documents as may be necessary
or appropriate, in the opinion of the Borrower and the Administrative Agent, to effect the provisions of this Subsection 2.9,
in each case on terms consistent with this Subsection 2.9.

 

(d)          Any
loans made in respect of any such Specified Refinancing Facility shall be made by creating a new Tranche. Each Specified Refinancing
Facility made available pursuant to this Subsection 2.9 shall be in a minimum aggregate amount of at least $10,000,000 and
in integral multiples of $5,000,000 in excess thereof (or, such lower minimum amounts or multiples as agreed to by the Administrative
Agent in its reasonable discretion).

 

(e)          The
Administrative Agent shall promptly notify each Lender as to the effectiveness of each Specified Refinancing Amendment. Each of
the parties hereto hereby agrees that, upon the effectiveness of any Specified Refinancing Amendment, this Agreement shall be deemed
amended to the extent (but only to the extent) necessary or appropriate to reflect the existence and terms of the Specified Refinancing
Facilities Incurred pursuant thereto (including the addition of such Specified Refinancing Facilities as separate “Facilities”
and “Tranches” hereunder and treated in a manner consistent with the Facilities being refinanced, including for purposes
of prepayments and voting). Any Specified Refinancing Amendment may, without the consent of any Person other than the Borrower,
the Administrative Agent (such consent not to be unreasonably withheld, conditioned or delayed) and the Lenders providing such
Specified Refinancing Facilities, effect such amendments to this Agreement and the other Loan Documents as may be necessary or
appropriate, in the opinion of the Administrative Agent and the Borrower, to effect the provisions of this Subsection 2.9.

 

SECTION 3

 

[Reserved]

 

SECTION 4

 

General Provisions Applicable to Loans

 

4.1           Interest
Rates and Payment Dates. (a) Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect
thereto at a rate per annum equal to the Adjusted LIBOR Rate determined for such day plus the Applicable Margin in effect
for such day.

 

(b)          Each
ABR Loan shall bear interest for each day that it is outstanding at a rate per annum equal to the Alternate Base Rate in effect
for such day plus the Applicable Margin in effect for such day.

 

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(c)          If
all or a portion of (i) the principal amount of any Term Loan, (ii) any interest payable thereon or (iii)
any other amount payable hereunder shall not be paid when due (whether at the stated maturity, by acceleration or otherwise), such
overdue amount shall bear interest at a rate per annum which is (x) in the case of overdue principal, the rate that would
otherwise be applicable thereto pursuant to the relevant foregoing provisions of this Subsection 4.1, plus 2.00%
and (y) in the case of overdue interest, the rate that would be otherwise applicable to principal of the related Term Loan
pursuant to the relevant foregoing provisions of this Subsection 4.1 (other than clause (x) above) plus 2.00% and
(z) in the case of other amounts, the rate described in clause (b) of this Subsection 4.1 for ABR Loans accruing
interest at the Alternate Base Rate plus 2.00%, in each case from the date of such nonpayment until such amount is paid
in full (after as well as before judgment); provided that (1) no amount shall be payable pursuant to this Subsection
4.1(c) to a Defaulting Lender so long as such Lender shall be a Defaulting Lender and (2) no amounts shall accrue pursuant
to this Subsection 4.1(c) on any overdue amount or other amount payable to a Defaulting Lender so long as such Lender shall
be a Defaulting Lender.

 

(d)          Interest
shall be payable in arrears on each Interest Payment Date, provided that interest accruing pursuant to clause (e) of this
Subsection 4.1 shall be payable from time to time on demand exercised in accordance with Subsection 9.2.

 

(e)          It
is the intention of the parties hereto to comply strictly with applicable usury laws; accordingly, it is stipulated and agreed
that the aggregate of all amounts which constitute interest under applicable usury laws, whether contracted for, charged, taken,
reserved, or received, in connection with the indebtedness evidenced by this Agreement or any Notes, or any other document relating
or referring hereto or thereto, now or hereafter existing, shall never exceed under any circumstance whatsoever the maximum amount
of interest allowed by applicable usury laws.

 

4.2           Conversion
and Continuation Options. (a) Subject to its obligations pursuant to Subsection 4.12(c), the Borrower may elect from
time to time to convert outstanding Loans of a given Tranche from Eurodollar Loans to ABR Loans by giving the Administrative Agent
irrevocable notice of such election prior to 1:00 P.M., New York City time two Business Days (or such shorter period as may be
agreed by the Administrative Agent in its reasonable discretion) prior to such election. The Borrower may elect from time to time
to convert outstanding Loans of a given Tranche from ABR Loans to Eurodollar Loans by giving the Administrative Agent irrevocable
notice of such election prior to 1:00 P.M., New York City time at least three Business Days (or such shorter period as may be agreed
by the Administrative Agent in its reasonable discretion) prior to such election. Any such notice of conversion to Eurodollar Loans
shall specify the length of the initial Interest Period or Interest Periods therefor. Upon receipt of any such notice the Administrative
Agent shall promptly notify each affected Lender thereof. All or any part of outstanding Eurodollar Loans denominated in Dollars
or ABR Loans may be converted as provided herein, provided that (i) (unless the Required Lenders otherwise consent)
no Loan may be converted into a Eurodollar Loan when any Default or Event of Default has occurred and is continuing and, in the
case of any Default (other than a Default under Subsection 9.1(f)), the Administrative Agent has given notice to the Borrower
that no such conversions may be made and (ii) no Loan may be converted into a Eurodollar Loan after the date that is one
month prior to the applicable Maturity Date.

 

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(b)          Any
Eurodollar Loan may be continued as such upon the expiration of the then current Interest Period with respect thereto by the Borrower
giving notice to the Administrative Agent prior to 1:00 P.M., New York City time two Business Days prior to such continuation (or
such shorter period as may be agreed by the Administrative Agent in its reasonable discretion) of the length of the next Interest
Period to be applicable to such Eurodollar Loan, determined in accordance with the applicable provisions of the term “Interest
Period” set forth in Subsection 1.1, provided that no Eurodollar Loan may be continued as such (i)
(unless the Required Lenders otherwise consent) when any Default or Event of Default has occurred and is continuing and, in the
case of any Default (other than a Default under Subsection 9.1(f)), the Administrative Agent has given notice to the Borrower
that no such continuations may be made or (ii) after the date that is one month prior to the applicable Maturity Date, and
provided, further, that if the Borrower shall fail to give any required notice as described above in this clause
(b) or if such continuation is not permitted pursuant to the preceding proviso such Eurodollar Loans shall be automatically converted
to ABR Loans as of the last day of such then expiring Interest Period. Upon receipt of any such notice of continuation pursuant
to this Subsection 4.2(b), the Administrative Agent shall promptly notify each affected Lender thereof.

 

4.3           Minimum
Amounts; Maximum Sets. All borrowings, conversions and continuations of Loans hereunder and all selections of Interest Periods
hereunder shall be in such amounts and be made pursuant to such elections so that, after giving effect thereto, the aggregate principal
amount of the Eurodollar Loans comprising each Set shall be equal to $1,000,000 or a whole multiple of $250,000 in excess thereof
(provided that, notwithstanding the foregoing (x) any Loan may be borrowed in an amount equal to the aggregate amount
of the Commitments in respect of such Loan and (y) any Loan may be converted or continued in its entirety), and so that
there shall not be more than 10 Sets at any one time outstanding.

 

4.4           Optional
and Mandatory Prepayments. (a) Optional Prepayment of Term Loans. The Borrower may at any time and from time to time
prepay the Term Loans, in whole or in part, subject to Subsection 4.12, without premium or penalty (except as provided in
Subsection 4.5(b)), upon notice by the Borrower to the Administrative Agent prior to 1:00 P.M., New York City time at least
three Business Days (or such shorter period as may be agreed by the Administrative Agent in its reasonable discretion) prior to
the date of prepayment (in the case of Eurodollar Loans), or prior to 12:00 P.M., New York City time on the date of prepayment
(in the case of ABR Loans) (or such later time as may be agreed by the Administrative Agent in its reasonable discretion). Such
notice shall specify, in the case of any prepayment of Term Loans, the applicable Tranche being repaid, and if a combination thereof,
the principal amount allocable to each, the date and amount of prepayment and whether the prepayment is of Eurodollar Loans, ABR
Loans or a combination thereof, and, in each case if a combination thereof, the principal amount allocable to each. Any such notice
may state that such notice is conditioned upon the occurrence or non-occurrence of any event specified therein (including the effectiveness
of other credit facilities), in which case such notice may be revoked by the Borrower (by written notice to the Administrative
Agent on or prior to the specified effective date) if such condition is not satisfied. Upon the receipt of any such notice the
Administrative Agent shall promptly notify each affected Lender thereof. If any such notice is given and not revoked, the amount
specified in such notice shall be due and payable on the date specified therein, together with (if a Eurodollar Loan is prepaid
other than at the end of the Interest Period applicable thereto) any amounts payable pursuant to Subsection 4.12. Partial
prepayments pursuant to this Subsection 4.4(a) shall be in multiples of $500,000; provided that, notwithstanding
the foregoing, any Term Loan may be prepaid in its entirety. Each prepayment of Initial Term Loans pursuant to this Subsection
4.4(a) made on or prior to the six-month anniversary of the Closing Date in an amount equal to the Net Cash Proceeds received
by the Borrower or any Restricted Subsidiary from its incurrence of new Indebtedness under first lien secured bank financing in
a Repricing Transaction shall be accompanied by the payment of the fee required by Subsection 4.5(b).

 

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(b)          Mandatory
Prepayment of Term Loans. (i) The Borrower shall, in accordance with Subsection 4.4(c), prepay the Term Loans
to the extent required by Subsection 8.4(b) (subject to Subsection 8.4(c)), (ii) if on or after the Closing
Date, the Borrower or any of its Restricted Subsidiaries shall Incur (A) Specified Refinancing Loans or (B) Indebtedness
for borrowed money (excluding Indebtedness permitted pursuant to Subsection 8.1), the Borrower shall, in accordance
with Subsection 4.4(c), prepay (or exchange for Rollover Indebtedness) the Term Loans (or, in the case of the Incurrence
of any Specified Refinancing Loans, the Tranche of Term Loans being refinanced) in an amount equal to 100.0% of the Net Cash Proceeds
thereof (plus any portion of such Indebtedness which represents Rollover Indebtedness) minus the portion of such Net Cash
Proceeds applied or offered (to the extent the Borrower or any of its Subsidiaries is required by the terms thereof) to prepay,
repay or purchase Pari Passu Indebtedness on a no more than pro rata basis with the Term Loans, in each case with such prepayment
to be made on or before the fifth Business Day following notice given to each Lender of the Prepayment Date, as contemplated by
Subsection 4.4(d) and (iii) the Borrower shall, in accordance with Subsection 4.4(c), prepay the Term Loans
within five Business Days following the day on which financial statements in respect of the immediately preceding Fiscal Year are
delivered pursuant to Subsection 7.1(a) (commencing with the Fiscal Year ending on or about October 31, 2019) (each, an
“ECF Payment Date”), in an amount equal to (A) (1) 50.0% (as may be adjusted pursuant to the last
proviso of this clause (iii)) of the Borrower’s Excess Cash Flow for such Fiscal Year, if and to the extent that the amount
of such Excess Cash Flow exceeds $7,500,000, minus (2) the sum of (t) the aggregate principal amount
of Term Loans (including Incremental Term Loans, Extended Term Loans and Specified Refinancing Loans) prepaid pursuant to Subsection
4.4(a), Incremental Revolving Loans prepaid to the extent accompanied by a corresponding permanent Incremental Revolving Commitment
reduction, Pari Passu Indebtedness (in the case of revolving loans, to the extent accompanied by a corresponding permanent commitment
reduction) voluntarily prepaid, repaid, repurchased or retired and any prepayment of Term Loans (including Incremental Term Loans,
Extended Term Loans and Specified Refinancing Loans) pursuant to Subsection 4.4(h) or 11.6(h) (by the Borrower or
its Restricted Subsidiaries) (provided that such deduction for prepayments pursuant to Subsection 4.4(h) or 11.6(h)
(by the Borrower or its Restricted Subsidiaries) shall be limited to the actual cash amount of such prepayment), in each case during
such Fiscal Year (which, in any event, shall not include any designated prepayment pursuant to clause (w) below), (u) the
aggregate amount of cash consideration (including any expenses, charges and losses in the form of earn-out obligations and contingent
consideration obligations (including to the extent accounted for as performance and retention bonuses, compensation or otherwise)
and adjustments thereof and purchase price adjustments) paid by the Borrower and the Restricted Subsidiaries (on a consolidated
basis) in connection with Investments (including acquisitions) made during such Fiscal Year constituting “Permitted Investments”
(other than Permitted Investments of the type described in clause (iii) of the definition thereof and intercompany Investments
by and among the Borrower and its Restricted Subsidiaries) or made pursuant to Subsection 8.2 (which, in any event, shall
not include any deemed application pursuant to clause (z) below), (v) the amount of Capital Expenditures either made in
cash or accrued during such Fiscal Year (provided that, whether any such Capital Expenditures shall be deducted for the
Fiscal Year in which cash payments for such Capital Expenditures have been paid or the Fiscal Year in which such Capital Expenditures
have been accrued shall be at the Borrower’s election; provided, further that, in no case shall any accrual
of a Capital Expenditure that has previously been deducted under this clause (2) give rise to a subsequent deduction upon the making
of such Capital Expenditure in cash in the same or any subsequent Fiscal Year) (which, in any event, shall not include any deemed
application pursuant to clause (z) below), (w) the aggregate principal amount of Term Loans (including Incremental Term
Loans, Extended Term Loans and Specified Refinancing Loans) prepaid pursuant to Subsection 4.4(a), Incremental Revolving
Loans voluntarily prepaid to the extent accompanied by a corresponding permanent Incremental Revolving Commitment reduction, Pari
Passu Indebtedness (in the case of revolving loans, to the extent accompanied by a corresponding permanent commitment reduction)
voluntarily prepaid, repaid, repurchased or retired and any prepayment of Term Loans (including Incremental Term Loans, Extended
Term Loans and Specified Refinancing Loans) pursuant to Subsection 4.4(h) or 11.6(h) (by the Borrower or its Restricted
Subsidiaries) (provided that such deduction for prepayments pursuant to Subsection 4.4(h) or 11.6(h) (by the
Borrower or its Restricted Subsidiaries) shall be limited to the actual cash amount of such prepayment), in each case during the
period beginning with the day following the last day of such Fiscal Year and ending on the ECF Payment Date and stated by the Borrower
as prepaid pursuant to this Subsection 4.4(b)(iii), (x) any ABL Facility Loans prepaid to the extent accompanied
by a corresponding permanent commitment reduction under the Senior ABL Facility during such Fiscal Year (which, in any event, shall
not include any designated prepayment pursuant to clause (y) below), (y) the aggregate principal amount of ABL Facility
Loans prepaid to the extent accompanied by a corresponding permanent commitment reduction under the Senior ABL Facility during
the period beginning with the day following the last day of such Fiscal Year and ending on the ECF Payment Date and stated by the
Borrower as prepaid pursuant to this Subsection 4.4(b)(iii) and (z) at the Borrower’s election, without duplication
of amounts deducted from Excess Cash Flow pursuant to this Subsection 4.4(b)(iii)(2) in respect of prior Fiscal Years,
the aggregate consideration required to be paid in cash by the Borrower or any of the Restricted Subsidiaries pursuant to binding
contracts (the “Contract Consideration”) entered into prior to or during such Fiscal Year relating to Investments
constituting “Permitted Investments” (other than Permitted Investments of the type described in clause (iii) of
the definition thereof and intercompany Investments by and among the Borrower and its Restricted Subsidiaries) or made pursuant
to Subsection 8.2 or Capital Expenditures to be consummated or made during the period of four consecutive Fiscal Quarters
of the Borrower following the end of such Fiscal Year, provided that to the extent the aggregate amount of cash actually
utilized to finance such Investments and Capital Expenditures during such period of four consecutive Fiscal Quarters is less than
the Contract Consideration, the amount of such shortfall shall be added to the calculation of Excess Cash Flow at the end of such
period of four consecutive Fiscal Quarters (provided that no prepayments made pursuant to the other clauses of this Subsection
4.4(b) shall be included in Subsection 4.4(b)(iii)(A)(2)(t), (u), (v), (w), (x), (y)
or (z)), in each case, excluding prepayments funded with proceeds from the Incurrence of long-term Indebtedness (unless,
in the case of clause (v), such Indebtedness has been repaid) (the amount described in this clause (A), the “ECF Prepayment
Amount”) minus (B) the portion of such ECF Prepayment Amount applied or offered (to the extent the Borrower
or any of its Subsidiaries is required by the terms thereof) to prepay, repay or purchase Pari Passu Indebtedness on no more than
a pro rata basis with the Term Loans; provided that such percentage in clause (1) above shall be reduced to 0% if the Consolidated
Secured Leverage Ratio as of the last day of the immediately preceding Fiscal Year was less than 2.50:1.00. Each prepayment of
Initial Term Loans pursuant to Subsection 4.4(b)(ii)(A), but not any other prepayment of Initial Term Loans pursuant to
Subsection 4.4(b), made on or prior to the six month anniversary of the Closing Date in an amount equal to the Net Cash
Proceeds received by the Borrower or any Restricted Subsidiary from its incurrence of new Indebtedness under first lien secured
bank financing in a Repricing Transaction and constituting Specified Refinancing Loans, shall be accompanied by the payment of
the fee required by Subsection 4.5(b). Nothing in this Subsection 4.4(b) shall limit the rights of the Agents and
the Lenders set forth in Section 9.

 

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(c)          Subject
to the last sentence of Subsection 4.4(d) and Subsection 4.4(g), each prepayment of Term Loans pursuant to Subsection
4.4(b) (other than a prepayment with the proceeds of Specified Refinancing Loans) shall be allocated pro rata among the Initial
Term Loans, the Incremental Term Loans, the Extended Term Loans and the Specified Refinancing Loans; provided, that at the
request of the Borrower, in lieu of such application on a pro rata basis among all Tranches of Term Loans, such prepayment may
be applied to any Tranche of Term Loans so long as the maturity date of such Tranche of Term Loans precedes the maturity date of
each other Tranche of Term Loans then outstanding or, in the event more than one Tranche of Term Loans shall have an identical
maturity date that precedes the maturity date of each other Tranche of Term Loans then outstanding, to such Tranches on a pro rata
basis. Each prepayment of Term Loans pursuant to Subsection 4.4(a) shall be applied within each applicable Tranche of Term
Loans to the respective installments of principal thereof in the manner directed by the Borrower (or, if no such direction is given,
in direct order of maturity). Each prepayment of Term Loans pursuant to Subsection 4.4(b) shall be applied within each applicable
Tranche of Term Loans, first, to the accrued interest on the principal amount of Term Loans being prepaid and, second, to the respective
installments of principal thereof in the manner directed by the Borrower (or, if no such direction is given in direct order of
maturity). Notwithstanding any other provision of this Subsection 4.4, a Lender may, at its option, and if agreed by the
Borrower, in connection with any prepayment of Term Loans pursuant to Subsection 4.4(a) or (e), exchange such Lender’s
portion of the Term Loan to be prepaid for Rollover Indebtedness, in lieu of such Lender’s pro rata portion of such prepayment
(and any such Term Loans so exchanged shall be deemed repaid for all purposes under the Loan Documents).

 

(d)          The
Borrower shall give notice to the Administrative Agent of any mandatory prepayment of the Term Loans (x) pursuant to Subsection
4.4(b)(iii), three Business Days prior to the date on which such payment is due and (y) pursuant to any other provision
of Subsection 4.4(b), promptly (and in any event within five Business Days) upon becoming obligated to make such prepayment.
Such notice shall state that the Borrower is offering to make or will make such mandatory prepayment (i) in the case of
mandatory prepayments pursuant to Subsection 4.4(b)(i), on or before the date specified in Subsection 8.4(b) and
(ii) in the case of mandatory prepayments pursuant to any other clause of Subsection 4.4(b), on or before the date
specified in such clause, as the case may be (each, a “Prepayment Date”). Subject to the following sentence,
once given, such notice shall be irrevocable and all amounts subject to such notice shall be due and payable on the Prepayment
Date (except as otherwise provided in the last sentence of this Subsection 4.4(d)). Any such notice of prepayment pursuant
to Subsection 4.4(b) may state that such notice is conditioned upon the occurrence or non-occurrence of any event specified
therein (including the effectiveness of other credit facilities), in which case such notice may be revoked by the Borrower (by
written notice to the Administrative Agent, on or prior to the specified effective date) if such condition is not satisfied. Upon
receipt by the Administrative Agent of such notice, the Administrative Agent shall immediately give notice to each Lender of the
prepayment and the Prepayment Date. The Borrower (in its sole discretion) may give each Lender the option (in its sole discretion)
to elect to decline any such prepayment (other than a prepayment pursuant to Subsection 4.4(b)(ii), except as otherwise
provided for in the last sentence of Subsection 4.4(c)) by giving notice of such election in writing to the Administrative
Agent by 11:00 A.M., New York City time, on the date that is three Business Days (or such shorter period as may be agreed by the
Administrative Agent in its reasonable discretion) prior to the Prepayment Date. Upon receipt by the Administrative Agent of such
notice, the Administrative Agent shall immediately notify the Borrower of such election. Any amount so declined by any Lender (the
“Term Loan Declined Amount”) may, at the option of the Borrower, be applied to the payment or prepayment of
Indebtedness, including any Junior Debt, or otherwise be retained by the Borrower and its Restricted Subsidiaries and/or applied
by the Borrower or any of its Restricted Subsidiaries in any manner not inconsistent with this Agreement.

 

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(e)          Without
limitation of Subsections 2.6 and 8.1(b)(i), amounts prepaid on account of Term Loans pursuant to Subsection 4.4(a),
(e) or (l) may not be reborrowed.

 

(f)          Notwithstanding
the foregoing provisions of this Subsection 4.4, if at any time any prepayment of Loans pursuant to Subsection 4.4(a)
or (e) would result, after giving effect to the procedures set forth in this Agreement, in the Borrower incurring breakage
costs under Subsection 4.12 as a result of Eurodollar Loans being prepaid other than on the last day of an Interest Period
with respect thereto, then, the Borrower may, so long as no Default or Event of Default shall have occurred and be continuing,
in its sole discretion, initially (i) deposit a portion (up to 100.0%) of the amounts that otherwise would have been paid
in respect of such Eurodollar Loans with the Administrative Agent (which deposit must be equal in amount to the amount of such
Eurodollar Loans not immediately prepaid), to be held as security for the obligations of the Borrower to make such prepayment pursuant
to a cash collateral agreement to be entered into on terms reasonably satisfactory to the Administrative Agent with such cash collateral
to be directly applied upon the first occurrence thereafter of the last day of an Interest Period with respect to such Eurodollar
Loans (or such earlier date or dates as shall be requested by the Borrower) or (ii) make a prepayment of Loans in accordance
with Subsection 4.4(a) with an amount equal to a portion (up to 100.0%) of the amounts that otherwise would have been paid
in respect of such Eurodollar Loans (which prepayment, together with any deposits pursuant to clause (i) above, must be equal in
amount to the amount of such Eurodollar Loans not immediately prepaid); provided that, in the case of either clause (i)
or (ii) above, such unpaid Eurodollar Loans shall continue to bear interest in accordance with Subsection 4.1 until such
unpaid Eurodollar Loans or the related portion of such Eurodollar Loans, as the case may be, have or has been prepaid. In addition,
if the Borrower determines in good faith, which determination shall be conclusive, that repatriating any amounts attributable to
Foreign Subsidiaries that are otherwise required to be applied to prepay Term Loans pursuant to Subsection 4.4(b)(i) or
4.4(b)(iii) (x) would result in material adverse tax consequences to the Borrower or any of its Subsidiaries or (y)
(1) could reasonably be expected to be prohibited or delayed by applicable law, (2) is restricted by applicable organizational
documents or any agreement or (3) is subject to other organizational or administrative impediments from being repatriated
to the United States, then, in each case the Borrower shall not be required to prepay such amounts as required thereunder, and
such amounts may be retained by the applicable Foreign Subsidiary; provided that, in the case of this clause (y), the Borrower
shall take commercially reasonable actions to cause the applicable Foreign Subsidiary to take all actions reasonably required by
the applicable local law, the applicable organizational documents or agreements, the applicable organizational impediments or other
impediment to permit repatriation of the proceeds subject to such prepayments.

 

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(g)          Notwithstanding
anything to the contrary herein, this Subsection 4.4 may be amended (and the Lenders hereby irrevocably authorize the Administrative
Agent to enter into any such amendments) to the extent necessary to reflect differing amounts payable, and priorities of payments,
to Lenders participating in any new classes or tranches of Term Loans added pursuant to Subsections 2.6, 2.8 and
2.9, as applicable, or pursuant to any other credit or letter of credit facility added pursuant to Subsection 2.6
or 11.1(e).

 

(h)          Notwithstanding
anything in any Loan Document to the contrary, so long as no Event of Default under Subsection 9.1(a) or (f) has
occurred and is continuing, the Borrower may prepay the outstanding Term Loans on the following basis:

 

(i)          The
Borrower shall have the right to make a voluntary prepayment of Term Loans at a discount to par (such prepayment, the “Discounted
Term Loan Prepayment”) pursuant to a Borrower Offer of Specified Discount Prepayment, a Borrower Solicitation of Discount
Range Prepayment Offers, or a Borrower Solicitation of Discounted Prepayment Offers, in each case made in accordance with this
Subsection 4.4(h); provided that the Borrower shall not initiate any action under this Subsection 4.4(h) in
order to make a Discounted Term Loan Prepayment unless (1) at least ten Business Days shall have passed since the consummation
of the most recent Discounted Term Loan Prepayment as a result of a prepayment made by the Borrower on the applicable Discounted
Prepayment Effective Date (or such shorter period as agreed to by the Administrative Agent in its reasonable discretion) or (2)
at least three Business Days shall have passed since the date the Borrower was notified that no Lender was willing to accept any
prepayment of any Term Loan at the Specified Discount, within the Discount Range or at any discount to par value, as applicable,
or in the case of Borrower Solicitation of Discounted Prepayment Offers, the date of the Borrower’s election not to accept
any Solicited Discounted Prepayment Offers made by a Lender (or such shorter period as agreed to by the Administrative Agent in
its reasonable discretion). Each Lender participating in any Discounted Term Loan Prepayment acknowledges and agrees that in connection
with such Discounted Term Loan Prepayment, (1) the Borrower then may have, and later may come into possession of, information
regarding the Term Loans or the Loan Parties hereunder that is not known to such Lender and that may be material to a decision
by such Lender to participate in such Discounted Term Loan Prepayment (“Excluded Information”), (2) such
Lender has independently and, without reliance on the Borrower, any of its Subsidiaries, the Administrative Agent or any of their
respective Affiliates, has made its own analysis and determination to participate in such Discounted Term Loan Prepayment notwithstanding
such Lender’s lack of knowledge of the Excluded Information and (3) none of the Borrower, its Subsidiaries, the Administrative
Agent, or any of their respective Affiliates shall have any liability to such Lender, and such Lender hereby waives and releases,
to the extent permitted by law, any claims such Lender may have against the Borrower, its Subsidiaries, the Administrative Agent,
and their respective Affiliates, under applicable laws or otherwise, with respect to the nondisclosure of the Excluded Information.
Each Lender participating in any Discounted Term Loan Prepayment further acknowledges that the Excluded Information may not be
available to the Administrative Agent or the other Lenders. Any Term Loans prepaid pursuant to this Subsection 4.4(h) shall
be immediately and automatically cancelled.

 

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(ii)         Borrower
Offer of Specified Discount Prepayment. (1) The Borrower may from time to time offer to make a Discounted Term Loan Prepayment
by providing the Administrative Agent with three Business Days’ (or such shorter period as may be agreed by the Administrative
Agent in its reasonable discretion) notice in the form of a Specified Discount Prepayment Notice; provided that (I)
any such offer shall be made available, at the sole discretion of the Borrower, to each Lender or to each Lender with respect to
any Tranche on an individual Tranche basis, (II) any such offer shall specify the aggregate Outstanding Amount offered to
be prepaid (the “Specified Discount Prepayment Amount”), the Tranches of Term Loans subject to such offer and
the specific percentage discount to par value (the “Specified Discount”) of the Outstanding Amount of such Term
Loans to be prepaid, (III) the Specified Discount Prepayment Amount shall be in an aggregate principal amount not less than
$5,000,000 and whole increments of $500,000 in excess thereof (or such lower minimum amounts or multiples as agreed to by the Administrative
Agent in its reasonable discretion), and (IV) each such offer shall remain outstanding through the Specified Discount Prepayment
Response Date. The Administrative Agent will promptly provide each relevant Lender with a copy of such Specified Discount Prepayment
Notice and a form of the Specified Discount Prepayment Response to be completed and returned by each such Lender to the Administrative
Agent (or its delegate) by no later than 5:00 P.M., New York City time, on the third Business Day after the date of delivery of
such notice to the relevant Lenders (or such later date designated by the Administrative Agent and approved by the Borrower) (the
“Specified Discount Prepayment Response Date”).

 

(2)         Each
relevant Lender receiving such offer shall notify the Administrative Agent (or its delegate) by the Specified Discount Prepayment
Response Date whether or not it agrees to accept a prepayment of any of its relevant then outstanding Term Loans at the Specified
Discount and, if so (such accepting Lender, a “Discount Prepayment Accepting Lender”), the amount of such Lender’s
Outstanding Amount and Tranches of Term Loans to be prepaid at such offered discount. Each acceptance of a Discounted Term Loan
Prepayment by a Discount Prepayment Accepting Lender shall be irrevocable. Any Lender whose Specified Discount Prepayment Response
is not received by the Administrative Agent by the Specified Discount Prepayment Response Date shall be deemed to have declined
to accept such Borrower Offer of Specified Discount Prepayment.

 

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(3)         If
there is at least one Discount Prepayment Accepting Lender, the Borrower will make prepayment of outstanding Term Loans pursuant
to this Subsection 4.4(h)(ii) to each Discount Prepayment Accepting Lender in accordance with the respective Outstanding
Amount and Tranches of Term Loans specified in such Lender’s Specified Discount Prepayment Response given pursuant to the
foregoing clause (2); provided that, if the aggregate Outstanding Amount of Term Loans accepted for prepayment by all Discount
Prepayment Accepting Lenders exceeds the Specified Discount Prepayment Amount, such prepayment shall be made pro rata among the
Discount Prepayment Accepting Lenders in accordance with the respective Outstanding Amounts accepted to be prepaid by each such
Discount Prepayment Accepting Lender and the Administrative Agent (in consultation with the Borrower and subject to rounding requirements
of the Administrative Agent made in its reasonable discretion) will calculate such proration (the “Specified Discount
Proration”). The Administrative Agent shall promptly, and in any case within three Business Days following the Specified
Discount Prepayment Response Date, notify (I) the Borrower of the respective Lenders’ responses to such offer, the
Discounted Prepayment Effective Date and the aggregate Outstanding Amount of the Discounted Term Loan Prepayment and the Tranches
to be prepaid, (II) each Lender of the Discounted Prepayment Effective Date, and the aggregate Outstanding Amount and the
Tranches of all Term Loans to be prepaid at the Specified Discount on such date, and (III) each Discount Prepayment Accepting
Lender of the Specified Discount Proration, if any, and confirmation of the Outstanding Amount, Tranche and Type of Term Loans
of such Lender to be prepaid at the Specified Discount on such date. Each determination by the Administrative Agent of the amounts
stated in the foregoing notices to the Borrower and Lenders shall be conclusive and binding for all purposes absent manifest error.
The payment amount specified in such notice to the Borrower shall be due and payable by the Borrower on the Discounted Prepayment
Effective Date in accordance with Subsection 4.4(h)(vi) below (subject to Subsection 4.4(h)(x) below).

 

(iii)        Borrower
Solicitation of Discount Range Prepayment Offers. (1) The Borrower may from time to time solicit Discount Range Prepayment
Offers by providing the Administrative Agent with three Business Days’ (or such shorter period as may be agreed by the Administrative
Agent in its reasonable discretion) notice in the form of a Discount Range Prepayment Notice; provided that (I) any
such solicitation shall be extended, at the sole discretion of the Borrower, to each Lender or to each Lender with respect to any
Tranche on an individual Tranche basis, (II) any such notice shall specify the maximum aggregate Outstanding Amount of the
relevant Term Loans that the Borrower is willing to prepay at a discount (the “Discount Range Prepayment Amount”),
the Tranches of Term Loans subject to such offer and the maximum and minimum percentage discounts to par (the “Discount
Range”) of the Outstanding Amount of such Term Loans willing to be prepaid by the Borrower, (III) the Discount
Range Prepayment Amount shall be in an aggregate principal amount not less than $5,000,000 and whole increments of $500,000 in
excess thereof (or such lower minimum amounts or multiples as agreed to by the Administrative Agent in its reasonable discretion),
and (IV) each such solicitation by the Borrower shall remain outstanding through the Discount Range Prepayment Response
Date. The Administrative Agent will promptly provide each relevant Lender with a copy of such Discount Range Prepayment Notice
and a form of the Discount Range Prepayment Offer to be submitted by a responding relevant Lender to the Administrative Agent (or
its delegate) by no later than 5:00 P.M., New York City time, on the third Business Day after the date of delivery of such notice
to the relevant Lenders (or such later date as may be designated by the Administrative Agent and approved by the Borrower) (the
“Discount Range Prepayment Response Date”). Each relevant Lender’s Discount Range Prepayment Offer shall
be irrevocable and shall specify a discount to par within the Discount Range (the “Submitted Discount”) at which
such Lender is willing to allow prepayment of any or all of its then outstanding Term Loans and the maximum aggregate Outstanding
Amount and Tranches of such Term Loans such Lender is willing to have prepaid at the Submitted Discount (the “Submitted
Amount”). Any Lender whose Discount Range Prepayment Offer is not received by the Administrative Agent by the Discount
Range Prepayment Response Date shall be deemed to have declined to accept a Discounted Term Loan Prepayment of any of its Term
Loans at any discount to their par value within the Discount Range.

 

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(2)         The
Administrative Agent shall review all Discount Range Prepayment Offers received by it by the Discount Range Prepayment Response
Date and will determine (in consultation with the Borrower and subject to rounding requirements of the Administrative Agent made
in its reasonable discretion) the Applicable Discount and Term Loans to be prepaid at such Applicable Discount in accordance with
this Subsection 4.4(h)(iii). The Borrower agrees to accept on the Discount Range Prepayment Response Date all Discount Range
Prepayment Offers received by the Administrative Agent by the Discount Range Prepayment Response Date, in the order from the Submitted
Discount that is the largest discount to par to the Submitted Discount that is the smallest discount to par, up to and including
the Submitted Discount that is the smallest discount to par within the Discount Range (such Submitted Discount that is the smallest
discount to par being referred to as the “Applicable Discount”) which yields a Discounted Term Loan Prepayment
in an aggregate Outstanding Amount equal to the lesser of (I) the Discount Range Prepayment Amount and (II) the sum
of all Submitted Amounts. Each Lender that has submitted a Discount Range Prepayment Offer to accept prepayment at a discount to
par that is larger than or equal to the Applicable Discount shall be deemed to have irrevocably consented to prepayment of Term
Loans equal to its Submitted Amount (subject to any required proration pursuant to the following Subsection 4.4(h)(iii)(3))
at the Applicable Discount (each such Lender, a “Participating Lender”).

 

(3)         If
there is at least one Participating Lender, the Borrower will prepay the respective outstanding Term Loans of each Participating
Lender in the aggregate Outstanding Amount and of the Tranches specified in such Lender’s Discount Range Prepayment Offer
at the Applicable Discount; provided that if the Submitted Amount by all Participating Lenders offered at a discount to
par greater than the Applicable Discount exceeds the Discount Range Prepayment Amount, prepayment of the Outstanding Amount of
the relevant Term Loans for those Participating Lenders whose Submitted Discount is a discount to par greater than or equal to
the Applicable Discount (the “Identified Participating Lenders”) shall be made pro rata among the Identified
Participating Lenders in accordance with the Submitted Amount of each such Identified Participating Lender and the Administrative
Agent (in consultation with the Borrower and subject to rounding requirements of the Administrative Agent made in its reasonable
discretion) will calculate such proration (the “Discount Range Proration”). The Administrative Agent shall promptly,
and in any case within three Business Days following the Discount Range Prepayment Response Date, notify (w) the Borrower
of the respective Lenders’ responses to such solicitation, the Discounted Prepayment Effective Date, the Applicable Discount,
and the aggregate Outstanding Amount of the Discounted Term Loan Prepayment and the Tranches to be prepaid, (x) each Lender
of the Discounted Prepayment Effective Date, the Applicable Discount, and the aggregate Outstanding Amount and Tranches of all
Term Loans to be prepaid at the Applicable Discount on such date, (y) each Participating Lender of the aggregate Outstanding
Amount and Tranches of such Lender to be prepaid at the Applicable Discount on such date, and (z) if applicable, each Identified
Participating Lender of the Discount Range Proration. Each determination by the Administrative Agent of the amounts stated in the
foregoing notices to the Borrower and Lenders shall be conclusive and binding for all purposes absent manifest error. The payment
amount specified in such notice to the Borrower shall be due and payable by the Borrower on the Discounted Prepayment Effective
Date in accordance with Subsection 4.4(h)(vi) below (subject to Subsection 4.4(h)(x) below).

 

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(iv)         Borrower
Solicitation of Discounted Prepayment Offers. (1) The Borrower may from time to time solicit Solicited Discounted Prepayment
Offers by providing the Administrative Agent with three Business Days’ (or such shorter period as may be agreed by the Administrative
Agent in its reasonable discretion) notice in the form of a Solicited Discounted Prepayment Notice; provided that (I)
any such solicitation shall be extended, at the sole discretion of the Borrower, to each Lender or to each Lender with respect
to any Tranche on an individual Tranche basis, (II) any such notice shall specify the maximum aggregate Outstanding Amount
of the Term Loans and the Tranches of Term Loans the Borrower is willing to prepay at a discount (the “Solicited Discounted
Prepayment Amount”), (III) the Solicited Discounted Prepayment Amount shall be in an aggregate principal amount
not less than $5,000,000 and whole increments of $500,000 in excess thereof (or such lower minimum amounts or multiples as agreed
to by the Administrative Agent in its reasonable discretion), and (IV) each such solicitation by the Borrower shall remain
outstanding through the Solicited Discounted Prepayment Response Date. The Administrative Agent will promptly provide each relevant
Lender with a copy of such Solicited Discounted Prepayment Notice and a form of the Solicited Discounted Prepayment Offer to be
submitted by a responding Lender to the Administrative Agent (or its delegate) by no later than 5:00 P.M., New York City time on
the third Business Day after the date of delivery of such notice to the relevant Lenders (or such later date as may be designated
by the Administrative Agent and approved by the Borrower) (the “Solicited Discounted Prepayment Response Date”).
Each Lender’s Solicited Discounted Prepayment Offer shall (x) be irrevocable, (y) remain outstanding until
the Acceptance Date and (z) specify both a discount to par (the “Offered Discount”) at which such Lender
is willing to allow prepayment of its then outstanding Term Loans and the maximum aggregate Outstanding Amount and Tranches of
such Term Loans (the “Offered Amount”) such Lender is willing to have prepaid at the Offered Discount. Any Lender
whose Solicited Discounted Prepayment Offer is not received by the Administrative Agent by the Solicited Discounted Prepayment
Response Date shall be deemed to have declined prepayment of any of its Term Loans at any discount to their par value.

 

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(2)         The
Administrative Agent shall promptly provide the Borrower with a copy of all Solicited Discounted Prepayment Offers received by
it by the Solicited Discounted Prepayment Response Date. The Borrower shall review all such Solicited Discounted Prepayment Offers
and select, at its sole discretion, the smallest of the Offered Discounts specified by the relevant responding Lenders in the Solicited
Discounted Prepayment Offers that the Borrower is willing to accept (the “Acceptable Discount”), if any; provided
that the Acceptable Discount shall not be an Offered Discount that is larger than the smallest Offered Discount for which the sum
of all Offered Amounts affiliated with Offered Discounts that are larger than or equal to such smallest Offered Discount would,
if purchased at such smallest Offered Discount, yield an amount at least equal to the Solicited Discounted Prepayment Amount. If
the Borrower elects to accept any Offered Discount as the Acceptable Discount, then as soon as practicable after the determination
of the Acceptable Discount, but in no event later than by the third Business Day after the date of receipt by the Borrower from
the Administrative Agent of a copy of all Solicited Discounted Prepayment Offers pursuant to the first sentence of this clause
(2) (the “Acceptance Date”), the Borrower shall submit an Acceptance and Prepayment Notice to the Administrative
Agent setting forth the Acceptable Discount. If the Administrative Agent shall fail to receive an Acceptance and Prepayment Notice
from the Borrower by the Acceptance Date, the Borrower shall be deemed to have rejected all Solicited Discounted Prepayment Offers.

 

(3)         Based
upon the Acceptable Discount and the Solicited Discounted Prepayment Offers received by the Administrative Agent by the Solicited
Discounted Prepayment Response Date, within three Business Days after receipt of an Acceptance and Prepayment Notice (the “Discounted
Prepayment Determination Date”), the Administrative Agent will determine (in consultation with the Borrower and subject
to rounding requirements of the Administrative Agent made in its reasonable discretion) the aggregate Outstanding Amount and the
Tranches of Term Loans (the “Acceptable Prepayment Amount”) to be prepaid by the Borrower at the Acceptable
Discount in accordance with this Subsection 4.4(h)(iv). If the Borrower elects to accept any Acceptable Discount, then
the Borrower agrees to accept all Solicited Discounted Prepayment Offers received by the Administrative Agent by the Solicited
Discounted Prepayment Response Date, in the order from largest Offered Discount to smallest Offered Discount, up to and including
the Acceptable Discount. Each Lender that has submitted a Solicited Discounted Prepayment Offer to accept prepayment at an Offered
Discount that is greater than or equal to the Acceptable Discount shall be deemed to have irrevocably consented to prepayment of
Term Loans equal to its Offered Amount (subject to any required proration pursuant to the following sentence) at the Acceptable
Discount (each such Lender, a “Qualifying Lender”). The Borrower shall prepay outstanding Term Loans pursuant
to this Subsection 4.4(h)(iv) to each Qualifying Lender in the aggregate Outstanding Amount and of the Tranches specified
in such Lender’s Solicited Discounted Prepayment Offer at the Acceptable Discount; provided that if the aggregate
Offered Amount by all Qualifying Lenders whose Offered Discount is greater than or equal to the Acceptable Discount exceeds the
Solicited Discounted Prepayment Amount, prepayment of the Outstanding Amount of the Term Loans for those Qualifying Lenders whose
Offered Discount is greater than or equal to the Acceptable Discount (the “Identified Qualifying Lenders”) shall
be made pro rata among the Identified Qualifying Lenders in accordance with the Offered Amount of each such Identified Qualifying
Lender and the Administrative Agent (in consultation with the Borrower and subject to rounding requirements of the Administrative
Agent made in its reasonable discretion) will calculate such proration (the “Solicited Discount Proration”).
On or prior to the Discounted Prepayment Determination Date, the Administrative Agent shall promptly notify (w) the Borrower
of the Discounted Prepayment Effective Date and Acceptable Prepayment Amount comprising the Discounted Term Loan Prepayment and
the Tranches to be prepaid, (x) each Lender of the Discounted Prepayment Effective Date, the Acceptable Discount, and the
Acceptable Prepayment Amount of all Term Loans and the Tranches to be prepaid at the Applicable Discount on such date, (y)
each Qualifying Lender of the aggregate Outstanding Amount and the Tranches of such Lender to be prepaid at the Acceptable Discount
on such date, and (z) if applicable, each Identified Qualifying Lender of the Solicited Discount Proration. Each determination
by the Administrative Agent of the amounts stated in the foregoing notices to the Borrower and Lenders shall be conclusive and
binding for all purposes absent manifest error. The payment amount specified in such notice to the Borrower shall be due and payable
by the Borrower on the Discounted Prepayment Effective Date in accordance with Subsection 4.4(h)(vi) below (subject to Subsection
4.4(h)(x) below).

 

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(v)          Expenses.
In connection with any Discounted Term Loan Prepayment, the Borrower and the Lenders acknowledge and agree that the Administrative
Agent may require as a condition to any Discounted Term Loan Prepayment, the payment of reasonable out-of-pocket costs and expenses
from the Borrower in connection therewith.

 

(vi)         Payment.
If any Term Loan is prepaid in accordance with Subsections 4.4(h)(ii) through (iv) above, the Borrower shall
prepay such Term Loans on the Discounted Prepayment Effective Date. The Borrower shall make such prepayment to the Administrative
Agent, for the account of the Discount Prepayment Accepting Lenders, Participating Lenders, or Qualifying Lenders, as applicable,
at the Administrative Agent’s Office in immediately available funds not later than 11:00 A.M., New York City time, on the
Discounted Prepayment Effective Date and all such prepayments shall be applied to the remaining principal installments of the Term
Loans in inverse order of maturity. The Term Loans so prepaid shall be accompanied by all accrued and unpaid interest on the par
principal amount so prepaid up to, but not including, the Discounted Prepayment Effective Date. Each prepayment of the outstanding
Term Loans pursuant to this Subsection 4.4(h) shall be paid to the Discount Prepayment Accepting Lenders, Participating
Lenders, or Qualifying Lenders, as applicable. The aggregate Outstanding Amount of the Tranches of the Term Loans outstanding shall
be deemed reduced by the full par value of the aggregate Outstanding Amount of the Tranches of Term Loans prepaid on the Discounted
Prepayment Effective Date in any Discounted Term Loan Prepayment. The Lenders hereby agree that, in connection with a prepayment
of Term Loans pursuant to this Subsection 4.4(h) and notwithstanding anything to the contrary contained in this Agreement,
(i) interest in respect of the Term Loans may be made on a non-pro rata basis among the Lenders holding such Term Loans
to reflect the payment of accrued interest to certain Lenders as provided in this Subsection 4.4(h)(vi) and (ii)
all subsequent prepayments and repayments of the Term Loans (except as otherwise contemplated by this Agreement) shall be made
on a pro rata basis among the respective Lenders based upon the then outstanding principal amounts of the Term Loans then held
by the respective Lenders after giving effect to any prepayment pursuant to this Subsection 4.4(h) as if made at par. It
is also understood and agreed that prepayments pursuant to this Subsection 4.4(h) shall not be subject to Subsection
4.4(a), or, for the avoidance of doubt, Subsection 11.7(a) or the pro rata allocation requirements of Subsection
4.8(a).

 

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(vii)        Other
Procedures. To the extent not expressly provided for herein, each Discounted Term Loan Prepayment shall be consummated pursuant
to procedures consistent with the provisions in this Subsection 4.4(h), established by the Administrative Agent acting in
its reasonable discretion and as reasonably agreed by the Borrower.

 

(viii)      Notice.
Notwithstanding anything in any Loan Document to the contrary, for purposes of this Subsection 4.4(h), each notice or other
communication required to be delivered or otherwise provided to the Administrative Agent (or its delegate) shall be deemed to have
been given upon the Administrative Agent’s (or its delegate’s) actual receipt during normal business hours of such
notice or communication; provided that any notice or communication actually received outside of normal business hours shall
be deemed to have been given as of the opening of business on the next Business Day.

 

(ix)         Actions
of Administrative Agent. Each of the Borrower and the Lenders acknowledges and agrees that the Administrative Agent may perform
any and all of its duties under this Subsection 4.4(h) by itself or through any Affiliate of the Administrative Agent and
expressly consents to any such delegation of duties by the Administrative Agent to such Affiliate and the performance of such delegated
duties by such Affiliate. The exculpatory provisions in this Agreement shall apply to each Affiliate of the Administrative Agent
and its respective activities in connection with any Discounted Term Loan Prepayment provided for in this Subsection 4.4(h)
as well as to activities of the Administrative Agent in connection with any Discounted Term Loan Prepayment provided for in this
Subsection 4.4(h).

 

(x)          Revocation.
The Borrower shall have the right, by written notice to the Administrative Agent, to revoke in full (but not in part) its offer
to make a Discounted Term Loan Prepayment and rescind the applicable Specified Discount Prepayment Notice, Discount Range Prepayment
Notice or Solicited Discounted Prepayment Notice therefor at its discretion at any time on or prior to the applicable Specified
Discount Prepayment Response Date (and if such offer is so revoked, any failure by the Borrower to make any prepayment to a Lender
pursuant to this Subsection 4.4(h) shall not constitute a Default or Event of Default under Subsection 9.1 or otherwise).

 

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(xi)         No
Obligation. This Subsection 4.4(h) shall not (i) require the Borrower to undertake any prepayment pursuant to
this Subsection 4.4(h) or (ii) limit or restrict the Borrower from making voluntary prepayments of the Term Loans
in accordance with the other provisions of this Agreement.

 

4.5           Administrative
Agent’s Fee; Other Fees. (a) The Borrower agrees to pay to the Administrative Agent the fees set forth in the last paragraph
under the heading “Term Loan Facility Fees” of the Fee Letter on the payment dates set forth therein.

 

(b)          If
on or prior to the six-month anniversary of the Closing Date the Borrower makes an optional prepayment or mandatory prepayment
pursuant to Subsection 4.4(b)(ii)(A) of all or a portion of the Initial Term Loans in an amount equal to the Net Cash Proceeds
received by the Borrower or any Restricted Subsidiary from its incurrence of new Indebtedness under first lien secured bank financing
in a Repricing Transaction, the Borrower shall pay to the Administrative Agent, for the ratable account of each Lender, a prepayment
premium of 1.0% of the aggregate principal amount of Initial Term Loans being prepaid. If, on or prior to the six-month anniversary
of the Closing Date, any Lender is replaced pursuant to Subsection 11.1(g) in connection with any amendment of this Agreement
(including in connection with any refinancing transaction permitted under Subsection 11.6(g) to replace the Initial Term
Loans) that results in a Repricing Transaction, such Lender (and not any Person who replaces such Lender pursuant to Subsection
2.8(e) or 11.1(g)) shall receive a fee equal to 1.0% of the principal amount of the Initial Term Loans of such Lender
assigned to a replacement Lender pursuant to Subsection 2.8(e) or 11.1(g).

 

4.6           Computation
of Interest and Fees. (a) Interest (other than interest based on the Base Rate) shall be calculated on the basis of a 360-day
year for the actual days elapsed; and interest based on the Base Rate shall be calculated on the basis of a 365-day year (or 366-day
year, as the case may be) for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower
and the affected Lenders of each determination of an Adjusted LIBOR Rate. Any change in the interest rate on a Loan resulting from
a change in the Alternate Base Rate or the Statutory Reserves shall become effective as of the opening of business on the day on
which such change becomes effective. The Administrative Agent shall as soon as practicable notify the Borrower and the affected
Lenders of the effective date and the amount of each such change in interest rate.

 

(b)          Each
determination of an interest rate by the Administrative Agent pursuant to any provision of this Agreement shall be conclusive and
binding on the Borrower and the Lenders in the absence of manifest error. The Administrative Agent shall, at the request of the
Borrower or any Lender, deliver to the Borrower or such Lender a statement showing in reasonable detail the calculations used by
the Administrative Agent in determining any interest rate pursuant to Subsection 4.1, excluding any LIBOR Rate which is
based upon the Reuters Monitor Money Rates Service page and any ABR Loan which is based upon the Alternate Base Rate.

 

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(c)          Upon
the request of the Administrative Agent, each Reference Bank (whether or not currently a Lender hereunder) agrees that, if such
Reference Bank is currently providing quotes for deposits in Dollars to leading banks in the London interbank market, it will promptly
(and no later than the Business Day following any such request) supply the Administrative Agent with the rate quoted by such Reference
Bank to leading banks in the London interbank market two Business Days before the first day of the relevant Interest Period for
deposits in Dollars of a duration equal to the duration of such Interest Period. The Borrower agrees to keep confidential the rate
quoted by any Reference Bank and provided to it or the Administrative Agent pursuant to this Subsection 4.6(c); provided,
that such rates may be disclosed to (i) to the Sponsor, the Borrower, any Restricted Subsidiary and to their respective
officers, directors, employees, attorneys, accountants and advisors on a confidential and need-to-know basis, (ii) if the
applicable Reference Bank consents to such proposed disclosure (such consent not to be unreasonably withheld) or (iii) to
the extent necessary in connection with the exercise of any remedy or enforcement of any rights.

 

4.7           Inability
to Determine Interest Rate. If, prior to the first day of any Interest Period, the Administrative Agent shall have determined
(which determination shall be conclusive and binding upon the Borrower) that, by reason of circumstances affecting the relevant
market, adequate and reasonable means do not exist for ascertaining the Adjusted LIBOR Rate with respect to any Eurodollar Loan
for such Interest Period (the “Affected Eurodollar Rate”), the Administrative Agent shall give facsimile or
telephonic notice thereof to the Borrower and the Lenders as soon as practicable thereafter. If such notice is given (a)
any Eurodollar Loans the rate of interest applicable to which is based on the Affected Eurodollar Rate requested to be made on
the first day of such Interest Period shall be made as ABR Loans, and (b) any Loans that were to have been converted on
the first day of such Interest Period to or continued as Eurodollar Loans the rate of interest applicable to which is based upon
the Affected Eurodollar Rate shall be converted to or continued as ABR Loans. Until such notice has been withdrawn by the Administrative
Agent, no further Eurodollar Loans the rate of interest applicable to which is based upon the Affected Eurodollar Rate shall be
made or continued as such, nor shall the Borrower have the right to convert ABR Loans to Eurodollar Loans, the rate of interest
applicable to which is based upon the Affected Eurodollar Rate.

 

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4.8           Pro
Rata Treatment and Payments.

 

(a)          Except
as expressly otherwise provided herein, each payment (including each prepayment, but excluding payments made pursuant to Subsection
2.6, 2.7, 2.8, 2.9, 4.5(b), 4.9, 4.10, 4.11, 4.12, 4.13(d),
4.14, 11.1(g) or 11.6) by the Borrower on account of principal of and interest on any Loans of a given Tranche
(other than (v) payments in respect of any difference in the Applicable Margin, Adjusted LIBOR Rate or Alternate Base Rate
in respect of any Tranche, (w) any payments pursuant to Subsection 4.4(b) to the extent declined by any Lender in
accordance with Subsection 4.4(d), (x) any payments pursuant to Subsection 4.4(h) which shall be allocated
as set forth in Subsection 4.4(h) and (y) any prepayments pursuant to Subsection 11.6(h)(i)(2)) shall
be allocated by the Administrative Agent pro rata according to the respective outstanding principal amounts of such Loans of such
Tranche then held by the respective Lenders; provided that a Lender may, at its option, and if agreed by the Borrower, exchange
such Lender’s portion of a Term Loan to be prepaid for Rollover Indebtedness, in lieu of such Lender’s pro rata portion
of such prepayment, pursuant to the last sentence of Subsection 4.4(c). All payments (including prepayments) to be made
by the Borrower hereunder, whether on account of principal, interest, fees or otherwise, shall be made without set-off or counterclaim
and shall be made on or prior to the time expressly required hereunder or under such other Loan Document for such payment (or,
if no such time is expressly required, prior to 2:00 P.M., New York City time), on the due date thereof to the Administrative Agent
for the account of the Lenders holding the relevant Loans, the Lenders, the Administrative Agent, or the Other Representatives,
as the case may be, at the Administrative Agent’s office specified in Subsection 11.2, in Dollars and in immediately
available funds. Payments received by the Administrative Agent after such time shall be deemed to have been received on the next
Business Day. The Administrative Agent shall distribute such payments to such Lenders or Other Representatives, as the case may
be, if any such payment is received prior to 2:00 P.M., New York City time, on a Business Day, in like funds as received prior
to the end of such Business Day and otherwise the Administrative Agent shall distribute such payment to such Lenders or Other Representatives,
as the case may be, on the next succeeding Business Day. If any payment hereunder (other than payments on the Eurodollar Loans)
becomes due and payable on a day other than a Business Day, the maturity of such payment shall be extended to the next succeeding
Business Day, and, with respect to payments of principal, interest thereon shall be payable at the then applicable rate during
such extension. If any payment on a Eurodollar Loan becomes due and payable on a day other than a Business Day, the maturity of
such payment shall be extended to the next succeeding Business Day (and, with respect to payments of principal, interest thereon
shall be payable at the then applicable rate during such extension) unless the result of such extension would be to extend such
payment into another calendar month, in which event such payment shall be made on the immediately preceding Business Day. This
Subsection 4.8(a) may be amended in accordance with Subsection 11.1(d) to the extent necessary to reflect differing
amounts payable, and priorities of payments, to Lenders participating in any new Tranches added pursuant to Subsections 2.6,
2.8, 2.9 and 11.1(h), as applicable, or pursuant to any other credit or letter of credit facility added pursuant
to Subsection 2.6 or 11.1(e).

 

(b)          Unless
the Administrative Agent shall have been notified in writing by any Lender prior to a borrowing that such Lender will not make
the amount that would constitute its share of such borrowing available to the Administrative Agent, the Administrative Agent may
assume that such Lender is making such amount available to the Administrative Agent, and the Administrative Agent may, in reliance
upon such assumption, make available to the Borrower in respect of such borrowing a corresponding amount. If such amount is not
made available to the Administrative Agent by the required time on the Borrowing Date therefor, such Lender shall pay to the Administrative
Agent on demand, such amount with interest thereon at a rate equal to the daily average Federal Funds Effective Rate for the period
until such Lender makes such amount immediately available to the Administrative Agent. A certificate of the Administrative Agent
submitted to any Lender with respect to any amounts owing under this Subsection 4.8(b) shall be conclusive in the absence
of manifest error. If such Lender’s share of such borrowing is not made available to the Administrative Agent by such Lender
within three Business Days of such Borrowing Date, (x) the Administrative Agent shall notify the Borrower of the failure
of such Lender to make such amount available to the Administrative Agent and the Administrative Agent shall also be entitled to
recover such amount with interest thereon at the rate per annum applicable to ABR Loans hereunder on demand from the Borrower;
provided that the foregoing notice and recovery provisions shall not apply to the funding of Initial Term Loans on the Closing
Date and (y) then the Borrower may, without waiving or limiting any rights or remedies it may have against such Lender hereunder
or under applicable law or otherwise, borrow a like amount on an unsecured basis from any commercial bank for a period ending on
the date upon which such Lender does in fact make such borrowing available.

 

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4.9           Illegality.
Notwithstanding any other provision herein, if the adoption of or any change in any Requirement of Law or in the interpretation
or application thereof in each case occurring after the Closing Date shall make it unlawful for any Lender to make or maintain
any Eurodollar Loans as contemplated by this Agreement (“Affected Loans”), (a) such Lender shall promptly
give written notice of such circumstances to the Borrower and the Administrative Agent (which notice shall be withdrawn whenever
such circumstances no longer exist), (b) the commitment of such Lender hereunder to make Affected Loans, continue Affected
Loans as such and convert an ABR Loan to an Affected Loan shall forthwith be cancelled and, until such time as it shall no longer
be unlawful for such Lender to make or maintain such Affected Loans, such Lender shall then have a commitment only to make an ABR
Loan when an Affected Loan is requested, (c) such Lender’s Loans then outstanding as Affected Loans, if any, shall
be converted automatically to ABR Loans on the respective last days of the then current Interest Periods with respect to such Affected
Loans or within such earlier period as required by law and (d) such Lender’s then outstanding Affected Loans, if any,
not converted to ABR Loans pursuant to clause (c) of this Subsection 4.9 shall, at the option of the Borrower (i)
be prepaid with accrued interest thereon on the last day of the then current Interest Period with respect thereto (or such earlier
date as may be required by any such Requirement of Law) or (ii) bear interest at an alternate rate which reflects such Lender’s
cost of funding such Loans (which rate, if less than zero, shall be deemed zero for purposes of this Agreement), as reasonably
determined by the Administrative Agent, plus the Applicable Margin hereunder. If any such conversion or prepayment of an
Affected Loan occurs on a day which is not the last day of the then current Interest Period with respect thereto, the Borrower
shall pay to such Lender such amounts, if any, as may be required pursuant to Subsection 4.12.

 

4.10        Requirements
of Law. (a) If the adoption of or any change in any Requirement of Law or in the interpretation or application thereof applicable
to any Lender, or compliance by any Lender with any request or directive (whether or not having the force of law) from any central
bank or other Governmental Authority, in each case made subsequent to the Closing Date (or, if later, the date on which such Lender
becomes a Lender):

 

(i)          shall
subject such Lender to any Tax of any kind whatsoever with respect to any Eurodollar Loans made or maintained by it or its obligation
to make or maintain Eurodollar Loans, or change the basis of taxation of payments to such Lender in respect thereof, in each case,
except for Non-Excluded Taxes, Taxes imposed by FATCA and Taxes measured by or imposed upon net income, or franchise Taxes, or
Taxes measured by or imposed upon overall capital or net worth, or branch Taxes (in the case of such capital, net worth or branch
Taxes, imposed in lieu of such net income Tax), of such Lender or its applicable lending office, branch, or any affiliate thereof;

 

(ii)         shall
impose, modify or hold applicable any reserve, special deposit, compulsory loan or similar requirement against assets held by,
deposits or other liabilities in or for the account of, advances, loans or other extensions of credit by, or any other acquisition
of funds by, any office of such Lender which is not otherwise included in the determination of the LIBOR Rate, as applicable, hereunder;
or

 

    	 	- 107 -	 

     

    

 

(iii)        shall
impose on such Lender any other condition (excluding any Tax of any kind whatsoever);

 

and the result of any of the foregoing
is to increase the cost to such Lender, by an amount which such Lender deems to be material, of making, converting into, continuing
or maintaining Eurodollar Loans or to reduce any amount receivable hereunder in respect thereof, then, in any such case, upon notice
to the Borrower from such Lender, through the Administrative Agent in accordance herewith, the Borrower shall promptly pay such
Lender, upon its demand, any additional amounts necessary to compensate such Lender for such increased cost or reduced amount receivable
with respect to such Eurodollar Loans; provided that, in any such case, the Borrower may elect to convert the Eurodollar
Loans made by such Lender hereunder to ABR Loans by giving the Administrative Agent at least one Business Day’s (or such
shorter period as may be agreed by the Administrative Agent in its reasonable discretion) notice of such election, in which case
the Borrower shall promptly pay to such Lender, upon demand, without duplication, amounts theretofore required to be paid to such
Lender pursuant to this Subsection 4.10(a) and such amounts, if any, as may be required pursuant to Subsection 4.12.
If any Lender becomes entitled to claim any additional amounts pursuant to this Subsection 4.10(a), it shall provide prompt
notice thereof to the Borrower, through the Administrative Agent, certifying (x) that one of the events described in this
clause (a) has occurred and describing in reasonable detail the nature of such event, (y) as to the increased cost or reduced
amount resulting from such event and (z) as to the additional amount demanded by such Lender and a reasonably detailed explanation
of the calculation thereof. Such a certificate as to any additional amounts payable pursuant to this Subsection 4.10(a)
submitted by such Lender, through the Administrative Agent, to the Borrower shall be conclusive in the absence of manifest error.
Notwithstanding anything to the contrary in this Subsection 4.10(a), the Borrower shall not be required to compensate a
Lender pursuant to this Subsection 4.10(a) (i) for any amounts incurred more than six months prior to the date that
such Lender notifies the Borrower of such Lender’s intention to claim compensation therefor or (ii) for any amounts,
if such Lender is applying this provision to the Borrower in a manner that is inconsistent with its application of “increased
cost” or other similar provisions under other syndicated credit agreements to similarly situated borrowers. This covenant
shall survive the termination of this Agreement and the payment of the Loans and all other amounts payable hereunder.

 

(b)          If
any Lender shall have determined that the adoption of or any change in any Requirement of Law regarding capital adequacy or in
the interpretation or application thereof or compliance by such Lender or any corporation controlling such Lender with any request
or directive regarding capital adequacy (whether or not having the force of law) from any Governmental Authority, in each case,
made subsequent to the Closing Date, does or shall have the effect of reducing the rate of return on such Lender’s or such
corporation’s capital as a consequence of such Lender’s obligations hereunder to a level below that which such Lender
or such corporation could have achieved but for such change or compliance (taking into consideration such Lender’s or such
corporation’s policies with respect to capital adequacy) by an amount deemed by such Lender to be material, then from time
to time, within ten Business Days after submission by such Lender to the Borrower (through the Administrative Agent) of a written
request therefor certifying (x) that one of the events described in this clause (b) has occurred and describing in reasonable
detail the nature of such event, (y) as to the reduction of the rate of return on capital resulting from such event and
(z) as to the additional amount or amounts demanded by such Lender or corporation and a reasonably detailed explanation
of the calculation thereof, the Borrower shall pay to such Lender such additional amount or amounts as will compensate such Lender
or corporation for such reduction. Such a certificate as to any additional amounts payable pursuant to this Subsection 4.10(b)
submitted by such Lender, through the Administrative Agent, to the Borrower shall be conclusive in the absence of manifest error.
Notwithstanding anything to the contrary in this Subsection 4.10(b), the Borrower shall not be required to compensate a
Lender pursuant to this Subsection 4.10(b) (i) for any amounts incurred more than six months prior to the date that
such Lender notifies the Borrower of such Lender’s intention to claim compensation therefor or (ii) for any amounts,
if such Lender is applying this provision to the Borrower in a manner that is inconsistent with its application of “increased
cost” or other similar provisions under other syndicated credit agreements to similarly situated borrowers. This covenant
shall survive the termination of this Agreement and the payment of the Loans and all other amounts payable hereunder.

 

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(c)          Notwithstanding
anything herein to the contrary, the Dodd Frank Wall Street Reform and Consumer Protection Act, and all requests, rules, regulations,
guidelines and directives promulgated thereunder or issued in connection therewith, and all requests, rules, guidelines or directives
promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor authority)
or the United States or foreign regulatory authorities, in each case pursuant to Basel III, in each case shall be deemed to have
been enacted, adopted or issued, as applicable, subsequent to the Closing Date for all purposes herein.

 

4.11         Taxes.
(a) Except as provided below in this Subsection 4.11 or as required by law (which for purposes of this Subsection 4.11 shall
include FATCA), all payments made by the Borrower or the Agents under this Agreement and any Notes shall be made free and clear
of, and without deduction or withholding for or on account of, any Taxes; provided that the Borrower or the Agents may withhold
from any payment made under this Agreement or any Notes to or for the benefit of any Person who is not a United States Person any
U.S. federal withholding tax that would apply to such payment if all payments of interest (including original issue discount),
fees and commissions under this Agreement and any Notes were treated as income from sources within the United States for U.S. federal
income tax purposes; provided further that if any Non-Excluded Taxes are required to be withheld from any amounts payable
by the Borrower to any Agent or any Lender hereunder or under any Notes, the amounts so payable by the Borrower shall be increased
to the extent necessary to yield to such Agent or such Lender (after payment of all Non-Excluded Taxes) interest or any such other
amounts payable hereunder at the rates or in the amounts specified in this Agreement; provided, however, that the
Borrower shall be entitled to deduct and withhold, and the Borrower shall not be required to indemnify for, any Non-Excluded Taxes,
and any such amounts payable by the Borrower to or for the account of any Agent or Lender shall not be increased (x) if
such Agent or Lender fails to comply with the requirements of clause (b), (c), (d) or (e) of this Subsection 4.11 or with
the requirements of Subsection 4.13, (y) with respect to any Non-Excluded Taxes imposed in connection with the payment
of any fees paid under this Agreement unless such Non-Excluded Taxes are imposed as a result of a Change in Law, or (z)
with respect to any Non-Excluded Taxes imposed by the United States or any state or political subdivision thereof, unless such
Non-Excluded Taxes are imposed as a result of a change in treaty, law or regulation that occurred after such Agent became an Agent
hereunder or such Lender became a Lender hereunder (or, if such Agent or Lender is a non-U.S. intermediary or flow-through entity
for U.S. federal income tax purposes, after the relevant beneficiary or member of such Agent or Lender became such a beneficiary
or member, if later) (any such change, at such time, a “Change in Law”). Whenever any Non-Excluded Taxes are
payable by the Borrower, as promptly as possible thereafter the Borrower shall send to the Administrative Agent for its own account
or for the account of the respective Lender or Agent, as the case may be, a certified copy of an original official receipt received
by the Borrower showing payment thereof. If the Borrower fails to pay any Non-Excluded Taxes when due to the appropriate Governmental
Authority in accordance with applicable law or the Borrower fails to remit to the Administrative Agent the required receipts or
other required documentary evidence, the Borrower shall indemnify the Administrative Agent, the Lenders and the Agents for any
incremental Taxes, interest or penalties that may become payable by the Administrative Agent or any Lender as a result of any such
failure. The agreements in this Subsection 4.11 shall survive the termination of this Agreement and the payment of the Term
Loans and all other amounts payable hereunder.

 

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(b)         Each
Agent and each Lender that is not a United States Person shall:

 

(i)          (1)
on or before the date of any payment by the Borrower under this Agreement or any Notes to, or for the account of, such Agent or
Lender, deliver to the Borrower and the Administrative Agent (A) two accurate and complete original signed Internal Revenue
Service Forms W-8BEN-E (certifying that it is a resident of the applicable country within the meaning of the income tax treaty
between the United States and that country) or Forms W-8ECI, or successor applicable form, as the case may be, in each case certifying
that it is entitled to receive all payments under this Agreement and any Notes without deduction or withholding of any U.S. federal
income taxes, and (B) such other forms, documentation or certifications, as the case may be, certifying that it is entitled
to an exemption from United States backup withholding tax with respect to payments under this Agreement and any Notes;

 

(2)         deliver
to the Borrower and the Administrative Agent two further accurate and complete original signed forms or certifications provided
in Subsection 4.11(b)(i)(1) on or before the date that any such form or certification expires or becomes obsolete and after
the occurrence of any event requiring a change in the most recent form or certificate previously delivered by it to the Borrower;

 

(3)         obtain
such extensions of time for filing and completing such forms or certifications as may reasonably be requested by the Borrower or
the Administrative Agent; and

 

(4)         deliver,
to the extent legally entitled to do so, upon reasonable request by the Borrower, to the Borrower and the Administrative Agent
such other forms as may be reasonably required in order to establish the legal entitlement of such Agent or such Lender to an exemption
from, or reduction of, withholding with respect to payments under this Agreement and any Notes, provided that, in determining
the reasonableness of a request under this clause (4), such Lender shall be entitled to consider the cost (to the extent unreimbursed
by any Loan Party) which would be imposed on such Lender of complying with such request; or

 

    	 	- 110 -	 

     

    

 

(ii)         in
the case of any such Lender that is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code and is claiming
the so-called “portfolio interest exemption”,

 

(1)         represent
to the Borrower and the Administrative Agent that it is not (A) a bank within the meaning of Section 881(c)(3)(A) of the
Code, (B) a “10 percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code,
or (C) a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code;

 

(2)         deliver
to the Borrower on or before the date of any payment by the Borrower under this Agreement with a copy to the Administrative Agent,
(A) two certificates substantially in the form of Exhibit D hereto (any such certificate a “U.S. Tax Compliance
Certificate”) and (B) two accurate and complete original signed Internal Revenue Service Forms W-8BEN-E, or successor
applicable form, certifying to such Lender’s legal entitlement at the date of such form to an exemption from U.S. withholding
tax under the provisions of Section 871(h) or Section 881(c) of the Code with respect to payments to be made under this Agreement
and any Notes and (C) such other forms, documentation or certifications, as the case may be certifying that it is entitled
to an exemption from United States backup withholding tax with respect to payments under this Agreement and any Notes (and shall
also deliver to the Borrower and the Administrative Agent two further accurate and complete original signed forms or certificates
on or before the date it expires or becomes obsolete and after the occurrence of any event requiring a change in the most recently
provided form or certificate and, if necessary, obtain any extensions of time reasonably requested by the Borrower or the Administrative
Agent for filing and completing such forms or certificates); and

 

(3)         deliver,
to the extent legally entitled to do so, upon reasonable request by the Borrower, to the Borrower and the Administrative Agent
such other forms as may be reasonably required in order to establish the legal entitlement of such Lender to an exemption from,
or reduction of, withholding with respect to payments under this Agreement and any Notes, provided that, in determining
the reasonableness of a request under this clause (3), such Lender shall be entitled to consider the cost (to the extent unreimbursed
by the Borrower) which would be imposed on such Lender of complying with such request; or

 

(iii)        in
the case of any such Agent or Lender that is a non-U.S. intermediary or flow-through entity for U.S. federal income tax purposes,

 

    	 	- 111 -	 

     

    

 

(1)         on
or before the date of any payment by the Borrower under this Agreement or any Notes to, or for the account of, such Agent or Lender,
deliver to the Borrower and the Administrative Agent two accurate and complete original signed Internal Revenue Service Forms W-8IMY,
or successor applicable form, and, if any beneficiary or member of such Agent or such Lender is claiming the so-called “portfolio
interest exemption”, (I) represent to the Borrower and the Administrative Agent that such Agent or such Lender is
not (A) a bank within the meaning of Section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder”
of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or (C) a “controlled foreign corporation”
described in Section 881(c)(3)(C) of the Code, and (II) also deliver to the Borrower and the Administrative Agent two U.S.
Tax Compliance Certificates certifying to such Agent’s or such Lender’s legal entitlement at the date of such certificate
to an exemption from U.S. withholding tax under the provisions of Section 881(c) of the Code with respect to payments to be made
under this Agreement and any Notes; and

 

(A)         with
respect to each beneficiary or member of such Agent or Lender that is not claiming the so-called “portfolio interest exemption”,
also deliver to the Borrower and the Administrative Agent (I) two accurate and complete original signed Internal Revenue
Service Forms W-8BEN-E (certifying that such beneficiary or member is a resident of the applicable country within the meaning of
the income tax treaty between the United States and that country), Forms W-8ECI or Forms W-9, or successor applicable form, as
the case may be, in each case so that each such beneficiary or member is entitled to receive all payments under this Agreement
and any Notes without deduction or withholding of any U.S. federal income taxes and (II) such other forms, documentation
or certifications, as the case may be, certifying that each such beneficiary or member is entitled to an exemption from United
States backup withholding tax with respect to all payments under this Agreement and any Notes; and

 

(B)         with
respect to each beneficiary or member of such Lender that is claiming the so-called “portfolio interest exemption”,
(I) represent to the Borrower and the Administrative Agent that such beneficiary or member is not (1) a bank within
the meaning of Section 881(c)(3)(A) of the Code, (2) a “10 percent shareholder” of the Borrower within the meaning
of Section 881(c)(3)(B) of the Code, or (3) a “controlled foreign corporation” described in Section 881(c)(3)(C)
of the Code, and (II) also deliver to the Borrower and the Administrative Agent two U.S. Tax Compliance Certificates from
each beneficiary or member and two accurate and complete original signed Internal Revenue Service Forms W-8BEN-E, or successor
applicable form, certifying to such beneficiary’s or member’s legal entitlement at the date of such certificate to
an exemption from U.S. withholding tax under the provisions of Section 871(h) or Section 881(c) of the Code with respect to payments
to be made under this Agreement and any Notes, and (III) also deliver to the Borrower and the Administrative Agent such
other forms, documentation or certifications, as the case may be, certifying that it is entitled to an exemption from United States
backup withholding tax with respect to payments under this Agreement and any Notes;

 

    	 	- 112 -	 

     

    

 

(2)         deliver
to the Borrower and the Administrative Agent two further accurate and complete original signed forms, certificates or certifications
referred to above on or before the date any such form, certificate or certification expires or becomes obsolete, or any beneficiary
or member changes, and after the occurrence of any event requiring a change in the most recently provided form, certificate or
certification and obtain such extensions of time reasonably requested by the Borrower or the Administrative Agent for filing and
completing such forms, certificates or certifications; and

 

(3)         deliver,
to the extent legally entitled to do so, upon reasonable request by the Borrower, to the Borrower and the Administrative Agent
such other forms as may be reasonably required in order to establish the legal entitlement of such Agent or Lender (or beneficiary
or member) to an exemption from, or reduction of, withholding with respect to payments under this Agreement and any Notes, provided
that in determining the reasonableness of a request under this clause (3) such Agent or Lender shall be entitled to consider the
cost (to the extent unreimbursed by the Borrower) which would be imposed on such Agent or Lender (or beneficiary or member) of
complying with such request;

 

unless, in any such case (other than with
respect to United States backup withholding tax), there has been a Change in Law which renders all such forms inapplicable or which
would prevent such Agent or such Lender (or such beneficiary or member) from duly completing and delivering any such form with
respect to it and such Agent or such Lender so advises the Borrower and the Administrative Agent.

 

(c)         Each
Lender and each Agent, in each case that is a United States Person, shall, on or before the date of any payment by the Borrower
under this Agreement or any Notes to such Lender or Agent, deliver to the Borrower and the Administrative Agent two accurate and
complete original signed Internal Revenue Service Forms W-9, or successor applicable form, certifying that such Lender or Agent
is a United States Person and that such Lender or Agent is entitled to complete exemption from United States backup withholding
tax.

 

(d)         Notwithstanding
the foregoing, if the Administrative Agent is not a United States Person, on or before the date of any payment by the Borrower
under this Agreement or any Notes to the Administrative Agent, the Administrative Agent shall:

 

(i)          deliver
to the Borrower (A) two accurate and complete original signed Internal Revenue Service Forms W-8ECI, or successor applicable
form, with respect to any amounts payable to the Administrative Agent for its own account, (B) two accurate and complete
original signed Internal Revenue Service Forms W-8IMY, or successor applicable form, with respect to any amounts payable to the
Administrative Agent for the account of others, certifying that it is a “U.S. branch” and that the payments it receives
for the account of others are not effectively connected with the conduct of its trade or business in the United States and that
it is using such form as evidence of its agreement with the Borrower to be treated as a U.S. person with respect to such payments
(and the Borrower and the Administrative Agent agree to so treat the Administrative Agent as a U.S. person with respect to such
payments as contemplated by U.S. Treasury Regulation § 1.1441-1(b)(2)(iv)) and (C) such other forms or certifications
as may be sufficient under applicable law to establish that the Administrative Agent is entitled to receive any payment by the
Borrower under this Agreement or any Notes (whether for its own account or for the account of others) without deduction or withholding
of any U.S. federal income taxes;

 

    	 	- 113 -	 

     

    

 

(ii)         deliver
to the Borrower two further accurate and complete original signed forms or certifications provided in Subsection 4.11(d)(i)
on or before the date that any such form or certification expires or becomes obsolete and after the occurrence of any event requiring
a change in the most recent form or certificate previously delivered by it to the Borrower; and

 

(iii)        obtain
such extensions of time for filing and completing such forms or certifications as may reasonably be requested by the Borrower or
the Administrative Agent;

 

unless in any such case
(other than with respect to United States backup withholding tax) there has been a Change in Law which renders all such forms inapplicable
or which would prevent the Administrative Agent from duly completing and delivering any such form with respect to it and the Administrative
Agent so advises the Borrower.

 

(e)         If
a payment made to an Agent or a Lender under any Loan Document would be subject to U.S. federal withholding tax imposed by FATCA
if such Agent or such Lender were to fail to comply with the applicable reporting requirements of FATCA, such Agent or such Lender
shall deliver to the Administrative Agent and the Borrower, at the time or times prescribed by law and at such time or times reasonably
requested by the Administrative Agent or the Borrower, such documentation prescribed by applicable law and such additional documentation
reasonably requested by the Administrative Agent or the Borrower as may be necessary for the Administrative Agent and the Borrower
to comply with their respective obligations (including any applicable reporting requirements) under FATCA, to determine whether
such Agent or such Lender has complied with such Agent’s or such Lender’s obligations under FATCA or to determine the
amount to deduct and withhold from such payment. For the avoidance of doubt, the Borrower and the Administrative Agent shall be
permitted to withhold any Taxes imposed by FATCA.

 

    	 	- 114 -	 

     

    

 

4.12         Indemnity.
The Borrower agrees to indemnify each Lender in respect of Extensions of Credit made, or requested to be made, to the Borrower,
and to hold each such Lender harmless from any loss or expense which such Lender may sustain or incur (other than through such
Lender’s bad faith, gross negligence or willful misconduct as determined by a court of competent jurisdiction in a final
and nonappealable decision) as a consequence of (a) default by the Borrower in making a borrowing of, conversion into or
continuation of Eurodollar Loans after the Borrower has given a notice requesting the same in accordance with the provisions of
this Agreement, (b) default by the Borrower in making any prepayment or conversion of Eurodollar Loans after the Borrower
has given a notice thereof in accordance with the provisions of this Agreement or (c) the making of a payment or prepayment
of Eurodollar Loans or the conversion of Eurodollar Loans on a day which is not the last day of an Interest Period with respect
thereto. Such indemnification may include an amount equal to the excess, if any, of (i) the amount of interest which would
have accrued on the amount so prepaid, or converted, or not so borrowed, converted or continued, for the period from the date of
such prepayment or conversion or of such failure to borrow, convert or continue to the last day of the applicable Interest Period
(or, in the case of a failure to borrow, convert or continue, the Interest Period that would have commenced on the date of such
failure) in each case at the applicable rate of interest for such Eurodollar Loans provided for herein (excluding, however, the
Applicable Margin included therein, if any) over (ii) the amount of interest (as reasonably determined by such Lender)
which would have accrued to such Lender on such amount by placing such amount on deposit for a comparable period with leading banks
in the interbank eurodollar market. If any Lender becomes entitled to claim any amounts under the indemnity contained in this Subsection
4.12, it shall provide prompt notice thereof to the Borrower, through the Administrative Agent, certifying (x) that
one of the events described in clause (a), (b) or (c) has occurred and describing in reasonable detail the nature of such event,
(y) as to the loss or expense sustained or incurred by such Lender as a consequence thereof and (z) as to the amount
for which such Lender seeks indemnification hereunder and a reasonably detailed explanation of the calculation thereof. Such a
certificate as to any indemnification pursuant to this Subsection 4.12 submitted by such Lender, through the Administrative
Agent, to the Borrower shall be conclusive in the absence of manifest error. The Borrower shall pay such Lender the amount shown
as due on any such certificate within five Business Days after receipt thereof. This covenant shall survive the termination of
this Agreement and the payment of the Term Loans and all other amounts payable hereunder.

 

4.13         Certain
Rules Relating to the Payment of Additional Amounts. (a) Upon the request, and at the expense of the Borrower, each Lender
and Agent to which the Borrower is required to pay any additional amount pursuant to Subsection 4.10 or 4.11, and
any Participant in respect of whose participation such payment is required, shall reasonably afford the Borrower the opportunity
to contest, and reasonably cooperate with the Borrower in contesting, the imposition of any Non-Excluded Tax giving rise to such
payment; provided that (i) such Lender or Agent shall not be required to afford the Borrower the opportunity to so
contest unless the Borrower shall have confirmed in writing to such Lender or Agent its obligation to pay such amounts pursuant
to this Agreement and (ii) the Borrower shall reimburse such Lender or Agent for its reasonable attorneys’ and accountants’
fees and disbursements incurred in so cooperating with the Borrower in contesting the imposition of such Non-Excluded Tax; provided,
however, that notwithstanding the foregoing no Lender or Agent shall be required to afford the Borrower the opportunity
to contest, or cooperate with the Borrower in contesting, the imposition of any Non-Excluded Taxes, if such Lender or Agent in
its sole discretion in good faith determines that to do so would have an adverse effect on it.

 

(b)         If
a Lender changes its applicable lending office (other than (i) pursuant to clause (c) below or (ii) after an Event
of Default under Subsection 9.1(a) or (f) has occurred and is continuing) and the effect of such change, as of the
date of such change, would be to cause the Borrower to become obligated to pay any additional amount under Subsection 4.10
or 4.11, the Borrower shall not be obligated to pay such additional amount.

 

    	 	- 115 -	 

     

    

 

(c)         If
a condition or an event occurs which would, or would upon the passage of time or giving of notice, result in the payment of any
additional amount to any Lender or Agent by the Borrower pursuant to Subsection 4.10 or 4.11 or result in Affected
Loans or commitments to make Affected Loans being automatically converted to ABR Loans or Loans bearing an alternate rate of interest
or commitments to make ABR Loans or Loans bearing an alternate rate of interest, as the case may be, pursuant to Subsection
4.9, such Lender or Agent shall promptly notify the Borrower and the Administrative Agent and shall take such steps as may
reasonably be available to it to mitigate the effects of such condition or event (which shall include efforts to rebook the Loans
and Commitments held by such Lender at another lending office, or through another branch or an affiliate, of such Lender); provided
that such Lender or Agent shall not be required to take any step that, in its reasonable judgment, would be materially disadvantageous
to its business or operations or would require it to incur additional costs (unless the Borrower agrees to reimburse such Lender
or Agent for the reasonable incremental out-of-pocket costs thereof).

 

(d)         If
the Borrower shall become obligated to pay additional amounts pursuant to Subsection 4.10 or 4.11 and any affected
Lender shall not have promptly taken steps necessary to avoid the need for payments under Subsection 4.10 or 4.11
or if Affected Loans or commitments to make Affected Loans are automatically converted to ABR Loans or Loans bearing an alternate
rate of interest or commitments to make ABR Loans or Loans bearing an alternate rate of interest, as the case may be, under Subsection
4.9 and any affected Lender shall not have promptly taken steps necessary to avoid the need for such conversion under Subsection
4.9, the Borrower shall have the right, for so long as such obligation remains, (i) with the assistance of the Administrative
Agent to seek one or more substitute Lenders reasonably satisfactory to the Administrative Agent and the Borrower to purchase the
affected Loan or Commitment, in whole or in part, at an aggregate price no less than such Loan’s or Commitment’s principal
amount plus accrued interest, and assume the affected obligations under this Agreement, or (ii) so long as no Event
of Default under Subsection 9.1(a) or (f) then exists or will exist immediately after giving effect to the respective
prepayment, upon notice to the Administrative Agent to prepay the affected Loan, in whole or in part, subject to Subsection
4.12, without premium or penalty. In the case of the substitution of a Lender, then, the Borrower, the Administrative Agent,
the affected Lender, and any substitute Lender shall execute and deliver an appropriately completed Assignment and Acceptance pursuant
to Subsection 11.6(b) to effect the assignment of rights to, and the assumption of obligations by, the substitute Lender;
provided that any fees required to be paid by Subsection 11.6(b) in connection with such assignment shall be paid
by the Borrower or the substitute Lender. In the case of a prepayment of an affected Loan, the amount specified in the notice shall
be due and payable on the date specified therein, together with any accrued interest to such date on the amount prepaid. In the
case of each of the substitution of a Lender and of the prepayment of an affected Loan, the Borrower shall first pay the affected
Lender any additional amounts owing under Subsections 4.10 and 4.11 (as well as any commitment fees and other amounts
then due and owing to such Lender, including any amounts under this Subsection 4.13) prior to such substitution or prepayment.
In the case of the substitution of a Lender pursuant to this Subsection 4.13(d), if the Lender being replaced does not execute
and deliver to the Administrative Agent a duly completed Assignment and Acceptance and/or any other documentation necessary to
reflect such replacement by the later of (a) the date on which the assignee Lender executes and delivers such Assignment
and Acceptance and/or such other documentation and (b) the date as of which all obligations of the Borrower owing to such
replaced Lender relating to the Loans and participations so assigned shall be paid in full by the assignee Lender and/or the Borrower
to such Lender being replaced, then the Lender being replaced shall be deemed to have executed and delivered such Assignment and
Acceptance and/or such other documentation as of such date and the Borrower shall be entitled (but not obligated) to execute and
deliver such Assignment and Acceptance and/or such other documentation on behalf of such Lender.

 

    	 	- 116 -	 

     

    

 

(e)          If
any Agent or any Lender receives a refund directly attributable to Taxes for which the Borrower has made additional payments pursuant
to Subsection 4.10(a) or 4.11(a), such Agent or such Lender, as the case may be, shall promptly pay such refund (together
with any interest with respect thereto received from the relevant taxing authority, but net of any reasonable cost incurred in
connection therewith) to the Borrower; provided, however, that the Borrower agrees promptly to return such refund
(together with any interest with respect thereto due to the relevant taxing authority) (free of all Non-Excluded Taxes) to such
Agent or the applicable Lender, as the case may be, upon receipt of a notice that such refund is required to be repaid to the relevant
taxing authority.

 

(f)          The
obligations of any Agent, Lender or Participant under this Subsection 4.13 shall survive the termination of this Agreement
and the payment of the Term Loans and all amounts payable hereunder.

 

4.14         Defaulting
Lender. Notwithstanding anything contained in this Agreement to the contrary, if any Revolving Lender becomes a Defaulting
Lender, then the following provisions shall apply for so long as such Revolving Lender is a Defaulting Lender:

 

(a)          in
determining the Required Lenders, any Lender that at the time is a Defaulting Lender (and the Loans and/or Incremental Revolving
Commitment of such Defaulting Lender) shall be excluded and disregarded; and

 

(b)          the
Borrower shall have the right, at its sole expense and effort (i) to seek one or more Persons reasonably satisfactory
to the Administrative Agent and the Borrower to each become a substitute Revolving Lender and assume all or part of the Commitment
of any Defaulting Lender and the Borrower, the Administrative Agent and any such substitute Revolving Lender shall execute and
deliver, and such Defaulting Lender shall thereupon be deemed to have executed and delivered, an appropriately completed Assignment
and Acceptance to effect such substitution or (ii) so long as no Event of Default under Subsection 9.1(a) or
(f) then exists or will exist immediately after giving effect to the respective prepayment, upon notice to the Administrative
Agent, to prepay the Loans and, at the Borrower’s option, terminate the Commitments of such Defaulting Lender, in whole or
in part, without premium or penalty.

 

SECTION 5

 

Representations and Warranties

 

To induce the Administrative
Agent and each Lender to make the Extensions of Credit requested to be made by it on the Closing Date and on each other date thereafter
on which an Extension of Credit is made, the Borrower with respect to itself and its Restricted Subsidiaries, hereby represents
and warrants, on the Closing Date, in each case after giving effect to the Transactions, to the Administrative Agent and each Lender
that:

 

    	 	- 117 -	 

     

    

 

5.1           Financial
Condition. (a) The audited consolidated balance sheets of the Borrower and its Subsidiaries as of October 30, 2017, October
30, 2016 and November 1, 2015 and the related consolidated statements of operations, equity and cash flows for the Fiscal Years
ended October 30, 2017, October 30, 2016 and November 1, 2015, reported on by and accompanied by unqualified reports from Ernst
& Young LLP, present fairly, in all material respects, the consolidated financial condition as at such dates, and the consolidated
statements of operations and consolidated cash flows for the respective periods then ended, of the Borrower and its Subsidiaries.
All such financial statements, including the related schedules and notes thereto, have been prepared in accordance with GAAP consistently
applied throughout the periods covered thereby (except as approved by a Responsible Officer, and disclosed in any such schedules
and notes).

 

(b)          As
of the Closing Date, except as set forth in the financial statements referred to in Subsection 5.1(a), there are no liabilities
of any Loan Party of any kind, whether accrued, contingent, absolute, determined, determinable or otherwise, which would reasonably
be expected to result in a Material Adverse Effect.

 

5.2           No
Change; Solvent. Since the Closing Date, there has been no development or event relating to or affecting any Loan Party which
has had or would be reasonably expected to have a Material Adverse Effect (after giving effect to (i) the consummation of
the Transactions, (ii) the making of the Extensions of Credit to be made on the Closing Date and the application of the
proceeds thereof as contemplated hereby, and (iii) the payment of actual or estimated fees, expenses, financing costs and
tax payments related to the Transactions contemplated hereby). As of the Closing Date, after giving effect to the consummation
of the Transactions to be consummated on the Closing Date, the Borrower, together with its Subsidiaries on a consolidated basis,
is Solvent.

 

5.3           Corporate
Existence; Compliance with Law. Each of the Loan Parties (a) is duly organized, validly existing and (to the extent
applicable in the relevant jurisdiction) in good standing under the laws of the jurisdiction of its incorporation or formation,
except (other than with respect to the Borrower), to the extent that the failure to be organized, existing and (to the extent applicable)
in good standing would not reasonably be expected to have a Material Adverse Effect, (b) has the legal right to own and
operate its property, to lease the property it operates as lessee and to conduct the business in which it is currently engaged,
except to the extent that the failure to have such legal right would not be reasonably expected to have a Material Adverse Effect,
(c) is duly qualified as a foreign corporation or limited liability company and (to the extent applicable in the relevant
jurisdiction) in good standing under the laws of each jurisdiction where its ownership, lease or operation of property or the conduct
of its business requires such qualification, other than in such jurisdictions where the failure to be so qualified and (to the
extent applicable) in good standing would not be reasonably expected to have a Material Adverse Effect and (d) is in compliance
with all Requirements of Law, except to the extent that the failure to comply therewith would not, in the aggregate, be reasonably
expected to have a Material Adverse Effect.

 

    	 	- 118 -	 

     

    

 

5.4           Corporate
Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or other organizational power and authority,
and the legal right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to
obtain Extensions of Credit hereunder, and each such Loan Party has taken all necessary corporate or other organizational action
to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the Borrower,
to authorize the Extensions of Credit to it, if any, on the terms and conditions of this Agreement and any Notes. No consent or
authorization of, filing with, notice to or other similar act by or in respect of, any Governmental Authority or any other Person
is required to be obtained or made by or on behalf of any Loan Party in connection with the execution, delivery, performance, validity
or enforceability of the Loan Documents to which it is a party or, in the case of the Borrower, with the Extensions of Credit to
it, if any, hereunder, except for (a) consents, authorizations, notices and filings described in Schedule 5.4, all
of which have been obtained or made prior to the Closing Date, (b) filings to perfect the Liens created by the Security
Documents and (c) consents, authorizations, notices and filings which the failure to obtain or make would not reasonably
be expected to have a Material Adverse Effect. This Agreement has been duly executed and delivered by the Borrower, and each other
Loan Document to which any Loan Party is a party will be duly executed and delivered on behalf of such Loan Party. This Agreement
constitutes a legal, valid and binding obligation of the Borrower and each other Loan Document to which any Loan Party is a party
when executed and delivered will constitute a legal, valid and binding obligation of such Loan Party, enforceable against such
Loan Party in accordance with its terms, in each case except as enforceability may be limited by applicable domestic or foreign
bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally
and by general equitable principles (whether enforcement is sought by proceedings in equity or at law).

 

5.5           No
Legal Bar. The execution, delivery and performance of the Loan Documents by any of the Loan Parties, the Extensions of Credit
hereunder and the use of the proceeds thereof (a) will not violate any Requirement of Law or Contractual Obligation of such
Loan Party in any respect that would reasonably be expected to have a Material Adverse Effect, (b) will not result in, or
require the creation or imposition of any Lien (other than Liens securing the Term Loan Facility Obligations or otherwise permitted
hereby) on any of its properties or revenues pursuant to any such Requirement of Law or Contractual Obligation and (c) will
not violate any provision of the Organizational Documents of such Loan Party or any of the Restricted Subsidiaries, except (other
than with respect to the Borrower) as would not reasonably be expected to have a Material Adverse Effect.

 

5.6           No
Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending
or, to the knowledge of the Borrower, threatened by or against the Borrower or any of its Restricted Subsidiaries or against any
of their respective properties or revenues, (a) except as described on Schedule 5.6, which is so pending or threatened
at any time on or prior to the Closing Date and relates to any of the Loan Documents or any of the transactions contemplated hereby
or thereby or (b) which would be reasonably expected to have a Material Adverse Effect.

 

5.7           No
Default. Neither the Borrower nor any of its Restricted Subsidiaries is in default under or with respect to any of its Contractual
Obligations in any respect which would be reasonably expected to have a Material Adverse Effect. Since the Closing Date, no Default
or Event of Default has occurred and is continuing.

 

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5.8           Ownership
of Property; Liens. Each of the Borrower and its Restricted Subsidiaries has good title in fee simple to, or a valid leasehold
interest in, all its material real property located in the United States of America, and good title to, or a valid leasehold interest
in, all its other material property located in the United States of America, except those for which the failure to have such good
title or such leasehold interest would not be reasonably expected to have a Material Adverse Effect, and none of such real or other
property is subject to any Lien, except for Liens permitted hereby (including Permitted Liens). Schedule 5.8 sets forth
all Mortgaged Fee Properties as of the Closing Date.

 

5.9           Intellectual
Property. The Borrower and each of its Restricted Subsidiaries owns, or has the legal right to use, all United States and foreign
patents, patent applications, trademarks, trademark applications, trade names, copyrights, and rights in know-how and trade secrets
necessary for each of them to conduct its business as currently conducted (the “Intellectual Property”) except
for those for which the failure to own or have such legal right to use would not be reasonably expected to have a Material Adverse
Effect. Except as provided on Schedule 5.9, to the knowledge of the Borrower, (1) no claim has been asserted and is pending
by any Person against the Borrower or any of its Restricted Subsidiaries challenging or questioning the use of any such Intellectual
Property or the validity or effectiveness of any such Intellectual Property and (2) the use of such Intellectual Property by the
Borrower and its Restricted Subsidiaries does not infringe on the rights of any Person, except (in each case under the preceding
clauses (1) and (2)) for such claims and infringements which in the aggregate, would not be reasonably expected to have a Material
Adverse Effect.

 

5.10         Taxes.
To the knowledge of the Borrower, (1) each of the Borrower and its Restricted Subsidiaries has filed or caused to be
filed all material tax returns which are required to be filed by it and has paid (a) all Taxes shown to be due and payable
on such returns and (b) all Taxes shown to be due and payable on any assessments of which it has received notice made against
it or any of its property (including the Mortgaged Fee Properties) and all other Taxes imposed on it or any of its property by
any Governmental Authority; and (2) no tax Liens have been filed (except for Liens for Taxes not yet due and payable), and
no claim is being asserted in writing, with respect to any such Taxes (in each case under the preceding clauses (1) and (2) other
than in respect of any such (i) Taxes with respect to which the failure to pay, in the aggregate, would not have a Material
Adverse Effect or (ii) Taxes the amount or validity of which are currently being contested in good faith by appropriate
proceedings diligently conducted and with respect to which reserves in conformity with GAAP have been provided on the books of
the Borrower or its Restricted Subsidiaries, as the case may be).

 

5.11         Federal
Regulations. No part of the proceeds of any Extensions of Credit will be used for any purpose which violates the provisions
of the Regulations of the Board, including Regulation T, Regulation U or Regulation X of the Board. If requested by any Lender
or the Administrative Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing
effect in conformity with the requirements of FR Form G-3 or FR Form U-1, referred to in said Regulation U.

 

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5.12         ERISA.
(a) During the five year period prior to each date as of which this representation is made, or deemed made, with respect to any
Plan, none of the following events or conditions, either individually or in the aggregate, has resulted or is reasonably likely
to result in a Material Adverse Effect: (i) a Reportable Event, (ii) a failure to satisfy the minimum funding standard
(within the meaning of Section 412 of the Code or Section 302 of ERISA), (iii) any noncompliance with the applicable provisions
of ERISA or the Code, (iv) a termination of a Single Employer Plan (other than a standard termination pursuant to Section
4041(b) of ERISA), (v) a Lien on the property of the Borrower or its Restricted Subsidiaries in favor of the PBGC or a Plan,
(vi) a complete or partial withdrawal from any Multiemployer Plan by the Borrower or any Commonly Controlled Entity, (vii)
the Insolvency of any Multiemployer Plan or (viii) any transactions that resulted or could reasonably be expected to result
in any liability to the Borrower or any Commonly Controlled Entity under Section 4069 of ERISA or Section 4212(c) of ERISA.

 

(b)          With
respect to any Foreign Plan, none of the following events or conditions exists and is continuing that, either individually or in
the aggregate, would reasonably be expected to have a Material Adverse Effect: (i) substantial non-compliance with its terms
and with the requirements of any and all applicable laws, statutes, rules, regulations and orders, (ii) failure to be maintained,
where required, in good standing with applicable regulatory authorities, (iii) any obligation of the Borrower or its Restricted
Subsidiaries in connection with the termination or partial termination of, or withdrawal from, any Foreign Plan, (iv) any
Lien on the property of the Borrower or its Restricted Subsidiaries in favor of a Governmental Authority as a result of any action
or inaction regarding a Foreign Plan, (v) for each Foreign Plan which is a funded or insured plan, failure to be funded
or insured on an ongoing basis to the extent required by applicable non-U.S. law (using actuarial methods and assumptions which
are consistent with the valuations last filed with the applicable Governmental Authorities, if applicable), (vi) any facts
that, to the best knowledge of the Borrower or any of its Restricted Subsidiaries, exist that would reasonably be expected to give
rise to a dispute and any pending or threatened disputes that, to the best knowledge of the Borrower or any of its Restricted Subsidiaries,
would reasonably be expected to result in a material liability to the Borrower or any of its Restricted Subsidiaries concerning
the assets of any Foreign Plan (other than individual claims for the payment of benefits) and (vii) failure to make all
contributions in a timely manner to the extent required by applicable non-U.S. law.

 

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5.13         Collateral.
Upon execution and delivery thereof by the parties thereto, the Guarantee and Collateral Agreement will be effective to create
(to the extent described therein) in favor of the Collateral Agent for the benefit of the Secured Parties, a valid and enforceable
security interest in or liens on the Collateral described therein, except as to enforcement, as may be limited by applicable domestic
or foreign bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting
creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an
implied covenant of good faith and fair dealing. When (a) all Filings (as defined in the Guarantee and Collateral Agreement)
have been completed, (b) all applicable Instruments, Chattel Paper and Documents (each as described in the Guarantee and
Collateral Agreement) constituting Collateral a security interest in which is perfected by possession have been delivered to, and/or
are in the continued possession of, the Collateral Agent, the applicable Collateral Representative or any Additional Agent, as
applicable (or their respective agents appointed for purposes of perfection), in accordance with the applicable ABL/Term Loan Intercreditor
Agreement, Junior Lien Intercreditor Agreement or Other Intercreditor Agreement and (c) all Deposit Accounts and Pledged
Stock (each as defined in the Guarantee and Collateral Agreement) a security interest in which is required by the Security Documents
to be perfected by “control” (as described in the Uniform Commercial Code as in effect in each applicable jurisdiction
(in the case of Deposit Accounts) and the State of New York (in the case of Pledged Stock) from time to time) are under the “control”
of the Collateral Agent, the Administrative Agent, the applicable Collateral Representative or any Additional Agent, as applicable
(or their respective agents appointed for purposes of perfection), in accordance with the applicable ABL/Term Loan Intercreditor
Agreement, Junior Lien Intercreditor Agreement or Other Intercreditor Agreement and (d) the Mortgages (if any) have been
duly recorded in the proper recorders’ offices or appropriate public records and the mortgage recording fees and taxes in
respect thereof, if any, are paid and the formal requirements of state or local law applicable to the recording of real property
mortgages generally have been complied with, the security interests and liens granted pursuant to the Guarantee and Collateral
Agreement and the Mortgages (if any) shall constitute (to the extent described therein and with respect to the Mortgages (if any),
only as relates to the real property security interests and Liens granted pursuant thereto) a perfected security interest in (to
the extent intended to be created thereby and required to be perfected under the Loan Documents), all right, title and interest
of each pledgor or mortgagor (as applicable) party thereto in the Collateral described therein (excluding Commercial Tort Claims,
as defined in the Guarantee and Collateral Agreement, other than such Commercial Tort Claims set forth on Schedule 6 thereto (if
any)) with respect to such pledger or mortgagor (as applicable). Notwithstanding any other provision of this Agreement, capitalized
terms that are used in this Subsection 5.13 and not defined in this Agreement are so used as defined in the applicable Security
Document.

 

5.14         Investment
Company Act; Other Regulations. The Borrower is not required to be registered as an “investment company”, or a
company “controlled” by an entity required to be registered as an “investment company”, within the meaning
of the Investment Company Act. The Borrower is not subject to regulation under any federal or state statute or regulation (other
than Regulation X of the Board) which limits its ability to incur Indebtedness as contemplated hereby.

 

5.15         Subsidiaries.
Schedule 5.15 sets forth all the Subsidiaries of the Borrower at the Closing Date (after giving effect to the Transactions),
the jurisdiction of their organization and the direct or indirect ownership interest of the Borrower therein.

 

5.16         Purpose
of Loans. The proceeds of Term Loans shall be used by the Borrower (i) in the case of the Initial Term Loans, to effect,
in part, the Transactions, and to pay certain fees, premiums and expenses relating thereto and (ii) in the case of all other
Term Loans, to finance the working capital, capital expenditures, business requirements of the Borrower and its Subsidiaries and
for other purposes not prohibited by this Agreement.

 

5.17         Environmental
Matters. Except as disclosed on Schedule 5.17 or as would not, individually or in the aggregate, reasonably be expected
to have a Material Adverse Effect:

 

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(a)          The
Borrower and its Restricted Subsidiaries: (i) are, and within the period of all applicable statutes of limitation have been,
in compliance with all applicable Environmental Laws; (ii) hold all Environmental Permits (each of which is in full force
and effect) required for any of their current operations or for any property owned, leased, or otherwise operated by any of them
and reasonably expect to timely obtain without material expense all such Environmental Permits required for planned operations;
(iii) are, and within the period of all applicable statutes of limitation have been, in compliance with all of their Environmental
Permits; and (iv) believe they will be able to maintain compliance with Environmental Laws, including any reasonably foreseeable
future requirements thereof.

 

(b)          Materials
of Environmental Concern have not been transported, disposed of, emitted, discharged, or otherwise released or threatened to be
released, to, at or from any real property presently or formerly owned, leased or operated by the Borrower or any of its Restricted
Subsidiaries or at any other location, which would reasonably be expected to (i) give rise to liability or other Environmental
Costs of the Borrower or any of its Restricted Subsidiaries under any applicable Environmental Law, or (ii) interfere with
the planned or continued operations of the Borrower and its Restricted Subsidiaries or (iii) impair the fair saleable value
of any Mortgaged Fee Properties.

 

(c)          There
is no judicial, administrative, or arbitral proceeding (including any notice of violation or alleged violation) under any Environmental
Law to which the Borrower or any of its Restricted Subsidiaries is, or to the knowledge of the Borrower or any of its Restricted
Subsidiaries is reasonably likely to be, named as a party that is pending or, to the knowledge of the Borrower or any of its Restricted
Subsidiaries, threatened.

 

(d)          Neither
the Borrower nor any of its Restricted Subsidiaries has received any written request for information, or been notified that it
is a potentially responsible party, under the federal Comprehensive Environmental Response, Compensation, and Liability Act or
any similar Environmental Law, or received any other written request for information from any Governmental Authority with respect
to any Materials of Environmental Concern.

 

(e)          Neither
the Borrower nor any of its Restricted Subsidiaries has entered into or agreed to any consent decree, order, or settlement or other
agreement, nor is subject to any judgment, decree, or order or other agreement, in any judicial, administrative, arbitral, or other
forum, relating to compliance with or liability under any Environmental Law.

 

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5.18         No
Material Misstatements. The written information, reports, financial statements, exhibits and schedules furnished by or on behalf
of the Borrower to the Administrative Agent, the Other Representatives and the Lenders on or prior to the Closing Date in connection
with the negotiation of any Loan Document or included therein or delivered pursuant thereto, taken as a whole, did not contain
as of the Closing Date any material misstatement of fact and did not omit to state as of the Closing Date any material fact necessary
to make the statements therein, in the light of the circumstances under which they were made, not materially misleading in their
presentation of the Borrower and its Restricted Subsidiaries taken as a whole. It is understood that (a) no representation
or warranty is made concerning the forecasts, estimates, pro forma information, projections and statements as to anticipated future
performance or conditions, and the assumptions on which they were based or concerning any information of a general economic nature
or general information about Borrower’s and its Subsidiaries’ industry, contained in any such information, reports,
financial statements, exhibits or schedules, except that, in the case of such forecasts, estimates, pro forma information, projections
and statements, as of the date such forecasts, estimates, pro forma information, projections and statements were generated, (i)
such forecasts, estimates, pro forma information, projections and statements were based on the good faith assumptions of the management
of the Borrower and (ii) such assumptions were believed by such management to be reasonable and (b) such forecasts,
estimates, pro forma information, projections and statements, and the assumptions on which they were based, may or may not prove
to be correct.

 

5.19         Labor
Matters. There are no strikes pending or, to the knowledge of the Borrower, reasonably expected to be commenced against the
Borrower or any of its Restricted Subsidiaries which, individually or in the aggregate, would reasonably be expected to have a
Material Adverse Effect. The hours worked and payments made to employees of the Borrower and each of its Restricted Subsidiaries
have not been in violation of any applicable laws, rules or regulations, except where such violations would not reasonably be expected
to have a Material Adverse Effect.

 

5.20         Insurance.
Schedule 5.20 sets forth a complete and correct listing as of the Closing Date, of all insurance that is (a) maintained
by the Loan Parties and (b) material to the business and operations of the Borrower and its Restricted Subsidiaries taken
as a whole, with the amounts insured (and any deductibles) set forth therein.

 

5.21         Anti-Terrorism.
To the extent applicable, except as would not reasonably be expected to have a Material Adverse Effect, the Borrower and each Restricted
Subsidiary is in compliance with (a) the PATRIOT Act, (b) the Trading with the Enemy Act, as amended and (c)
any U.S. sanctions administered by the Office of Foreign Assets Control of the U.S. Treasury Department, U.S. Department of State,
United Nations Security Council, European Union or Her Majesty’s Treasury (collectively, “Sanctions”)
and any other enabling legislation or executive order relating thereto. Neither any Loan Party nor, except as would not reasonably
be expected to have a Material Adverse Effect, (i) any Restricted Subsidiary that is not a Loan Party or (ii) to
the knowledge of the Borrower, any director, officer or employee of the Borrower or any Restricted Subsidiary, is the target of
any Sanctions. None of the Borrower or any Restricted Subsidiary will knowingly use the proceeds of the Loans for the purpose of
funding or financing any activities or business of or with any Person, or in any country or territory, that at the time of such
funding or financing is restricted under Sanctions.

 

SECTION 6

 

Conditions Precedent

 

6.1           Conditions
to Initial Extension of Credit. This Agreement, including the agreement of each Lender to make the initial Extension of Credit
requested to be made by it, shall become effective on the date on which the following conditions precedent shall have been satisfied
or waived:

 

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(a)          Loan
Documents. The Administrative Agent shall have received (or, in the case of certain Loan Parties, shall receive substantially
concurrently with the satisfaction of the other conditions precedent set forth in this Subsection 6.1) the following Loan
Documents, executed and delivered as required below:

 

(i)          this
Agreement, executed and delivered by the Borrower;

 

(ii)         ABL/Term
Loan Intercreditor Agreement, acknowledged by each Loan Party required to be a signatory thereto; and

 

(iii)        the
Guarantee and Collateral Agreement, executed and delivered by each Loan Party required to be a signatory thereto;

 

provided that, clause
(iii) above notwithstanding, but without limiting the requirements set forth in Subsections 6.1(e) and (f), to the
extent that a valid security interest in the Collateral covered by the Guarantee and Collateral Agreement (to the extent and with
priority contemplated thereby) is not provided on the Closing Date and to the extent the Borrower its Subsidiaries have used commercially
reasonable efforts to provide such Collateral, the provisions of clause (iii) above shall be deemed to have been satisfied and
the Loan Parties shall be required to provide such Collateral in accordance with the provisions set forth in Subsection 7.13
if, and only if, each Loan Party shall have executed and delivered the Guarantee and Collateral Agreement to the Administrative
Agent and the Administrative Agent shall have a perfected security interest in all Collateral of the type for which perfection
may be accomplished by filing a UCC financing statement and shall have possession of all certificated Capital Stock of the Borrower
and of its Domestic Subsidiaries (to the extent constituting Collateral) together with undated stock powers executed in blank.

 

(b)          Outstanding
Indebtedness. After giving effect to the consummation of the Transactions, all principal, accrued and unpaid interest, and
other amounts then due and owing under the Predecessor Term Loan Credit Agreement, the Predecessor ABL Credit Agreement and the
Senior Notes and Senior Note Indenture shall have been or shall substantially contemporaneously be paid in full, discharged, defeased,
or terminated; all commitments under the Predecessor Term Loan Credit Agreement shall have been, or shall be substantially contemporaneously
be, terminated; and any Liens on the Collateral granted by any Loan Party to secure its obligations under the Predecessor Term
Loan Credit Agreement or the Guarantee (as defined therein) shall have been, or shall substantially contemporaneously be, terminated
and released.

 

(c)          Legal
Opinions. The Administrative Agent shall have received the following executed legal opinions, each in form and substance reasonably
satisfactory to the Administrative Agent:

 

(i)          executed
legal opinion of Debevoise & Plimpton LLP, counsel to the Borrower and the other Loan Parties;

 

    	 	- 125 -	 

     

    

 

(ii)         executed
legal opinions of Richards, Layton & Finger, P.A., special Delaware counsel to certain of the Loan Parties; and

 

(iii)        executed
legal opinion of Holland & Hart LLP, special Nevada counsel to certain of the Loan Parties.

 

(d)          Officer’s
Certificate. The Administrative Agent shall have received a certificate from the Borrower, dated the Closing Date, substantially
in the form of Exhibit G hereto, with appropriate insertions and attachments.

 

(e)          Perfected
Liens. The Collateral Agent shall have obtained a valid security interest in the Collateral covered by the Guarantee and Collateral
Agreement (to the extent and with the priority contemplated therein and in the ABL/Term Loan Intercreditor Agreement); and all
documents, instruments, filings and recordations reasonably necessary in connection with the perfection and, in the case of the
filings with the United States Patent and Trademark Office and the United States Copyright Office, protection of such security
interests shall have been executed and delivered or made, or shall be delivered or made substantially concurrently with the initial
funding of the Initial Term Loans or, in the case of UCC filings, written authorization to make such UCC filings shall have been
delivered to the Collateral Agent, and none of such Collateral shall be subject to any other pledges, security interests or mortgages
except for any permitted hereby (including Permitted Liens) or pledges, security interests or mortgages to be released on the Closing
Date; provided that with respect to any such Collateral the security interest in which may not be perfected by filing of
a UCC financing statement or by possession of certificated Capital Stock of Domestic Subsidiaries (to the extent constituting Collateral),
if perfection of the Collateral Agent’s security interest in such Collateral may not be accomplished on or before the Closing
Date after the applicable Loan Party’s commercially reasonable efforts to do so, then delivery of documents and instruments
for perfection of such security interest shall not constitute a condition precedent to the initial borrowings hereunder if the
applicable Loan Party agrees to deliver or cause to be delivered such documents and instruments, and take or cause to be taken
such other actions as may be reasonably necessary to perfect such security interests in accordance with Subsection 7.13
and otherwise pursuant to arrangements to be mutually agreed by the applicable Loan Party and the Administrative Agent acting reasonably,
but in no event later than the 91st day after the Closing Date (unless otherwise agreed by the Administrative Agent in its sole
discretion) (and in the case of real property and the Mortgages, no later than the 121st day after the Closing Date
unless otherwise agreed by the Administrative Agent in its sole discretion).

 

(f)          Pledged
Stock; Stock Powers. The Collateral Agent shall have received the certificates, if any, representing the Pledged Stock under
(and as defined in) the Guarantee and Collateral Agreement, together with an undated stock power for each such certificate executed
in blank by a duly authorized officer of the pledgor thereof; provided that with respect to any such Pledged Stock other
than Capital Stock of Domestic Subsidiaries (to the extent constituting Collateral), if delivery of such Pledged Stock and related
stock powers to the Collateral Agent may not be accomplished on or before the Closing Date after the applicable Loan Party’s
commercially reasonable efforts to do so, then delivery of such Pledged Stock and related stock powers shall not constitute a condition
precedent to the initial borrowings hereunder if the applicable Loan Party agrees to deliver or cause to be delivered such Pledged
Stock and related stock powers in accordance with Subsection 7.13 and otherwise pursuant to arrangements to be mutually
agreed by the applicable Loan Party and the Administrative Agent acting reasonably, but in no event later than the 91st day after
the Closing Date (unless otherwise agreed by the Administrative Agent in its sole discretion).

 

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(g)         Lien
Searches. The Collateral Agent shall have received customary lien searches in the United States reasonably requested by it
at least three calendar days prior to the Closing Date.

 

(h)         Fees.
The Lead Arrangers, the Agents and the Lenders, respectively, shall have received all fees related to the Transactions payable
to them to the extent due (which may be offset against the proceeds of the Facilities).

 

(i)          Secretary’s
Certificate. The Administrative Agent shall have received a certificate from each Loan Party substantially concurrently with
the satisfaction of the other conditions precedent set forth in Subsection 6.01, dated the Closing Date, substantially in
the form of Exhibit F hereto, with appropriate insertions and attachments of resolutions or other actions, evidence of incumbency
and the signature of authorized signatories and Organizational Documents, executed by a Responsible Officer and the Secretary or
any Assistant Secretary or other authorized representative of such Loan Party.

 

(j)          Solvency.
The Administrative Agent shall have received a certificate of the chief financial officer or treasurer (or other comparable officer)
of the Borrower certifying the Solvency, after giving effect to the Transactions, of the Borrower and its Subsidiaries on a consolidated
basis in substantially the form of Exhibit H hereto.

 

(k)         PATRIOT
Act. The Administrative Agent shall have received at least three days prior to the Closing Date all documentation and other
information about the Loan Parties mutually agreed to be required by U.S. regulatory authorities under applicable “know your
customer” and anti-money laundering rules and regulations, including the PATRIOT Act, that has been reasonably requested
in writing at least ten days prior to the Closing Date.

 

(l)          Representations
and Warranties. Each of the representations and warranties made by any Loan Party pursuant to this Agreement shall, except
to the extent they relate to a particular date, be true and correct in all material respects on and as of such date as if made
on and as of such date.

 

(m)         Borrowing
Notice. With respect to the initial Extensions of Credit, the Administrative Agent shall have received a notice of such Borrowing
as required by Subsection 2.3.

 

(n)          Closing
Date Refinancing. The Transactions shall, substantially concurrently with the funding of the Initial Term Loans, be consummated.

 

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The making of the initial
Extensions of Credit by the Lenders hereunder shall conclusively be deemed to constitute an acknowledgement by the Administrative
Agent and each Lender that each of the conditions precedent set forth in this Subsection 6.1 shall have been satisfied in
accordance with its respective terms or shall have been irrevocably waived by such Person.

 

SECTION 7

Affirmative Covenants

 

The Borrower hereby agrees
that, from and after the Closing Date, until payment in full of the Loans and all other Term Loan Facility Obligations then due
and owing to any Lender or any Agent hereunder, the Borrower shall (except in the case of delivery of financial information, reports
and notices) shall cause each of its respective Restricted Subsidiaries to:

 

7.1           Financial
Statements. Furnish to the Administrative Agent for delivery to each Lender (and the Administrative Agent agrees to make and
so deliver such copies):

 

(a)          as
soon as available, but in any event not later than the fifth Business Day after the 105th day following the end of the Fiscal Year
of the Borrower (or such longer period as may be permitted by the SEC for filing of annual reports on Form 10-K), a copy of the
consolidated balance sheet of the Borrower as at the end of such year and the related consolidated statements of comprehensive
income (loss) and changes in stockholders’ equity and cash flows for such year, setting forth, in each case, in comparative
form the figures for and as of the end of the previous year, reported on without a “going concern” or like qualification
or exception, or qualification arising out of the scope of the audit (provided that such report may contain a “going
concern” or like qualification or exception, or qualification arising out of the scope of the audit, if such qualification
or exception is related solely to (i) an upcoming Maturity Date hereunder or an upcoming “maturity date” under
the Senior ABL Facility or any other Indebtedness Incurred in compliance with this Agreement, (ii) any potential inability
to satisfy any financial maintenance covenant included in the Senior ABL Agreement or any other Indebtedness of the Borrower or
its Subsidiaries on a future date in a future period or (iii) the activities, operations, financial results, assets or liabilities
of any Unrestricted Subsidiary), by Ernst & Young LLP or other independent certified public accountants of nationally recognized
standing (it being agreed that the furnishing of (x) the Borrower’s or any Parent Entity’s annual report on
Form 10-K for such year, as filed with the SEC, or (y) the financial statements of any Parent Entity will satisfy the Borrower’s
obligation under this Subsection 7.1(a) with respect to such year, including with respect to the requirement that such financial
statements be reported on without a “going concern” or like qualification or exception, or qualification arising out
of the scope of the audit, so long as the report included in such Form 10-K or accompanying such financial statements, as applicable,
does not contain any “going concern” or like qualification or exception (other than a “going concern” or
like qualification or exception with respect to (i) an upcoming Maturity Date hereunder or an upcoming “maturity date”
under the Senior ABL Facility, the Senior Notes or any other Indebtedness Incurred in compliance with this Agreement, (ii)
any potential inability to satisfy any financial maintenance covenant included in the Senior ABL Agreement or any other Indebtedness
of the Borrower or its Subsidiaries on a future date or in a future period or (iii) the activities, operations, financial
results, assets or liabilities of any Unrestricted Subsidiary));

 

    	 	- 128 -	 

     

    

 

(b)          as
soon as available, but in any event not later than the fifth Business Day following the 60th day following the end of
each of the first three quarterly periods of each Fiscal Year of the Borrower (or such longer period as may be permitted by the
SEC for the filing of quarterly reports on Form 10-Q), the unaudited consolidated balance sheet of the Borrower as at the end of
such quarter and the related unaudited consolidated statements of comprehensive income (loss) and changes in stockholders’
equity and cash flows of the Borrower for such quarter and the portion of the Fiscal Year through the end of such quarter, setting
forth, in comparative form the figures for and as of the corresponding periods of the previous year, certified by a Responsible
Officer of the Borrower as being fairly stated in all material respects (subject to normal year-end audit and other adjustments)
(it being agreed that the furnishing of (x) the Borrower’s or any Parent Entity’s quarterly report on Form 10-Q
for such quarter, as filed with the SEC, or (y) the financial statements of any Parent Entity, will, in each case, satisfy
the Borrower’s obligations under this Subsection 7.1(b) with respect to such quarter);

 

(c)          all
such financial statements delivered pursuant to Subsection 7.1(a) or (b) to (and, in the case of any financial statements
delivered pursuant to Subsection 7.1(b) shall be certified by a Responsible Officer of the Borrower to) fairly present in
all material respects the financial condition of the Borrower and, its Subsidiaries (or, if applicable, the applicable Parent Entity
and its Subsidiaries) in conformity with GAAP and to be (and, in the case of any financial statements delivered pursuant to Subsection
7.1(b) shall be certified by a Responsible Officer of the Borrower, to the knowledge of such Responsible Officer, as being)
in reasonable detail and prepared in accordance with GAAP applied consistently throughout the periods reflected therein and with
prior periods that began on or after the Closing Date (except as disclosed therein, and except, in the case of any financial statements
delivered pursuant to Subsection 7.1(b), for the absence of certain notes); and

 

(d)          to
the extent applicable, concurrently with any delivery of consolidated financial statements referred to in Subsections 7.1(a)
and (b) above, related unaudited condensed consolidating financial statements and appropriate reconciliations reflecting
the material adjustments necessary (as determined by the Borrower in good faith, which determination shall be conclusive) to eliminate
the accounts of Unrestricted Subsidiaries (if any) from such consolidated financial statements.

 

7.2           Certificates;
Other Information. Furnish to the Administrative Agent for delivery to each Lender (and the Administrative Agent agrees to
make and so deliver such copies):

 

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(a)          concurrently
with the delivery of the financial statements and reports referred to in Subsections 7.1(a) and (b), a certificate
signed by a Responsible Officer of the Borrower (a “Compliance Certificate”) (i) stating that, to the
best of such Responsible Officer’s knowledge, each of the Borrower and its Restricted Subsidiaries during such period has
observed or performed all of its covenants and other agreements, and satisfied every condition, contained in this Agreement or
the other Loan Documents to which it is a party to be observed, performed or satisfied by it, and that such Responsible Officer
has obtained no knowledge of any Default or Event of Default, except, in each case, as specified in such certificate, (ii)
if (A) delivered with the financial statements required by Subsection 7.1(a) and (B) commencing with the delivery
of financial statements for the Fiscal Year ending on or about October 31, 2019, the Consolidated Secured Leverage Ratio as of
the last day of the immediately preceding Fiscal Year was greater than or equal to 2.50:1.00, set forth in reasonable detail the
amount of (and the calculations required to establish the amount of) Excess Cash Flow for the respective Fiscal Year covered by
such financial statements;

 

(b)          within
five Business Days after the same are filed, copies of all financial statements and periodic reports which the Borrower may file
with the SEC or any successor or analogous Governmental Authority;

 

(c)          within
five Business Days after the same are filed, copies of all registration statements and any amendments and exhibits thereto, which
the Borrower may file with the SEC or any successor or analogous Governmental Authority;

 

(d)          subject
to the last sentence of Subsection 7.6, promptly, such additional financial and other information regarding the Loan Parties
as any Agent or the Required Lenders through the Administrative Agent may from time to time reasonably request; and

 

(e)          promptly
upon reasonable request from the Administrative Agent, calculations of Consolidated EBITDA and other Fixed GAAP Terms as reasonably
requested by the Administrative Agent promptly following receipt of a written notice from the Borrower electing to change the Fixed
GAAP Date, which calculations shall show the calculations of the respective Fixed GAAP Terms both before and after giving effect
to the change in the Fixed GAAP Date and identify the material change(s) in GAAP giving rise to the change in such calculations.

 

Documents required to
be delivered pursuant to Subsection 7.1 or 7.2 may at the Borrower’s option be delivered electronically and,
if so delivered, shall be deemed to have been delivered on the date (i) on which the Borrower posts such documents, or provides
a link thereto on the Borrower’s (or any Parent Entity’s) website on the Internet at the website address listed on
Schedule 7.2 (or such other website address as the Borrower may specify by written notice to the Administrative Agent from
time to time); or (ii) on which such documents are posted on the Borrower’s (or any Parent Entity’s) behalf
on an Internet or intranet website to which each Lender and the Administrative Agent have access (whether a third-party website
(including any website maintained by the SEC) or whether sponsored by the Administrative Agent). Following the electronic delivery
of any such documents by posting such documents to a website in accordance with the preceding sentence (other than the posting
by the Borrower of any such documents on any website maintained for or sponsored by the Administrative Agent), the Borrower shall
promptly provide the Administrative Agent notice of such delivery (which notice may be by facsimile or electronic mail) and the
electronic location at which such documents may be accessed; provided that, in the absence of bad faith, the failure to
provide such prompt notice shall not constitute a Default hereunder.

 

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7.3           Payment
of Taxes. Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all
taxes except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings diligently
conducted and reserves in conformity with GAAP with respect thereto have been provided on the books of the Borrower or any of its
Restricted Subsidiaries, as the case may be, or except to the extent that failure to do so, in the aggregate, would not reasonably
be expected to have a Material Adverse Effect.

 

7.4           Conduct
of Business and Maintenance of Existence; Compliance with Contractual Obligations and Requirements of Law. Preserve, renew
and keep in full force and effect its existence and take all reasonable action to maintain all rights, privileges and franchises
necessary or desirable in the normal conduct of the business of the Borrower and its Restricted Subsidiaries, taken as a whole,
except as otherwise permitted pursuant to Subsection 8.4 or 8.7, provided that the Borrower and its Restricted
Subsidiaries shall not be required to maintain any such rights, privileges or franchises and the Borrower’s Restricted Subsidiaries
shall not be required to maintain such existence, if the failure to do so would not reasonably be expected to have a Material Adverse
Effect; and comply with all Contractual Obligations and Requirements of Law except to the extent that failure to comply therewith,
in the aggregate, would not reasonably be expected to have a Material Adverse Effect.

 

7.5           Maintenance
of Property; Insurance. (i) Keep all property necessary in the business of the Borrower and its Restricted Subsidiaries,
taken as a whole, in good working order and condition, except where failure to do so would not reasonably be expected to have a
Material Adverse Effect; (ii) use commercially reasonable efforts to maintain with financially sound and reputable insurance
companies (or any Captive Insurance Subsidiary) insurance on, or self-insure, all property material to the business of the Borrower
and its Restricted Subsidiaries, taken as a whole, in at least such amounts and against at least such risks (but including in any
event public liability and business interruption) as are usually insured against in the same general area by companies engaged
in the same or a similar business; (iii) furnish to the Administrative Agent, upon written request, information in
reasonable detail as to the insurance carried; (iv) use commercially reasonable efforts to maintain property and liability
policies that provide that in the event of any cancellation thereof during the term of the policy, either by the insured or by
the insurance company, the insurance company shall provide to the secured party at least 30 days prior written notice thereof,
or in the case of cancellation for non-payment of premium, ten days prior written notice thereof; (v) in the event of any
material change in any of the property or liability policies referenced in the preceding clause (iv), use commercially reasonable
efforts to provide the Administrative Agent with at least 30 days prior written notice thereof; and (vi) use commercially
reasonable efforts to ensure that, subject to the ABL/Term Loan Intercreditor Agreement, any Junior Lien Intercreditor Agreement
or any Other Intercreditor Agreement, at all times the Collateral Agent, the applicable Collateral Representative or any Additional
Agent, in accordance with the applicable ABL/Term Loan Intercreditor Agreement, Junior Lien Intercreditor Agreement or Other Intercreditor
Agreement, for the benefit of the applicable Secured Parties, shall be named as an additional insured with respect to liability
policies maintained by the Borrower and each Subsidiary Guarantor and the Collateral Agent for the benefit of the Secured Parties,
shall be named as loss payee with respect to the property insurance maintained by the Borrower and each Subsidiary Guarantor; provided
that, unless an Event of Default shall have occurred and be continuing, (A) the Collateral Agent shall turn over to the
Borrower any amounts received by it as an additional insured or loss payee under any property insurance maintained by the Borrower
and its Subsidiaries, (B) the Collateral Agent agrees that the Borrower and/or its applicable Subsidiary shall have the
sole right to adjust or settle any claims under such insurance and (C) all proceeds from a Recovery Event shall be paid
to the Borrower.

 

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7.6           Inspection
of Property; Books and Records; Discussions. In the case of the Borrower, keep proper books and records in a manner to allow
financial statements to be prepared in conformity with GAAP consistently applied in respect of all material financial transactions
and matters involving the material assets and business of the Borrower and its Restricted Subsidiaries, taken as a whole; and permit
representatives of the Administrative Agent to visit and inspect any of its properties and examine and, to the extent reasonable,
make abstracts from any of its books and records and to discuss the business, operations, properties and financial and other condition
of the Borrower and its Restricted Subsidiaries with officers of the Borrower and its Restricted Subsidiaries and with its independent
certified public accountants, in each case at any reasonable time, upon reasonable notice; provided that (a) except
during the continuation of an Event of Default, only one such visit per year shall be at the Borrower’s expense, and (b)
during the continuation of an Event of Default, the Administrative Agent or its representatives may do any of the foregoing at
the Borrower’s expense; provided, further, that representatives of the Borrower may be present during any such
visits, discussions and inspections. Notwithstanding anything to the contrary in Subsection 7.2(d) or in this Subsection
7.6, none of the Borrower or any Restricted Subsidiary will be required to disclose or permit the inspection or discussion
of, any document, information or other matter (i) that constitutes non-financial trade secrets or non-financial proprietary
information, (ii) in respect of which disclosure to the Administrative Agent or the Lenders (or their respective representatives)
is prohibited by Requirement of Law or any binding agreement or (iii) that is subject to attorney client or similar privilege
or constitutes attorney work product.

 

7.7           Notices.
Promptly give notice to the Administrative Agent and each Lender of:

 

(a)          as
soon as possible after a Responsible Officer of the Borrower knows thereof, the occurrence of any Default or Event of Default;

 

(b)          as
soon as possible after a Responsible Officer of the Borrower knows thereof, any default or event of default under any Contractual
Obligation of the Borrower or any of its Restricted Subsidiaries, other than as previously disclosed in writing to the Lenders,
which would reasonably be expected to have a Material Adverse Effect;

 

(c)          as
soon as possible after a Responsible Officer of the Borrower knows thereof, the occurrence of (i) any default or event of
default under the Senior ABL Agreement or (ii) any payment default under any Additional Obligations Documents or under any
agreement or document governing other Indebtedness, in each case under this clause (c) relating to Indebtedness in an aggregate
principal amount equal to or greater than $25,000,000;

 

    	 	- 132 -	 

     

    

 

(d)          as
soon as possible after a Responsible Officer of the Borrower knows thereof, any litigation, investigation or proceeding affecting
the Borrower or any of its Restricted Subsidiaries that would reasonably be expected to have a Material Adverse Effect;

 

(e)          the
following events, as soon as possible and in any event within 30 days after a Responsible Officer of the Borrower knows thereof:
(i) the occurrence or expected occurrence of any Reportable Event (or similar event) with respect to any Single Employer
Plan (or Foreign Plan), a failure to make any required contribution to a Single Employer Plan, Multiemployer Plan or Foreign Plan,
the creation of any Lien on the property of the Borrower or its Restricted Subsidiaries in favor of the PBGC, a Plan or a Foreign
Plan or any withdrawal from, or the full or partial termination or Insolvency of, any Multiemployer Plan or Foreign Plan; or (ii)
the institution of proceedings or the taking of any other formal action by the PBGC or the Borrower or any of its Restricted Subsidiaries
or any Commonly Controlled Entity or any Multiemployer Plan which would reasonably be expected to result in the withdrawal from,
or the termination or Insolvency of, any Single Employer Plan, Multiemployer Plan or Foreign Plan; provided, however,
that no such notice will be required under clause (i) or (ii) above unless the event giving rise to such notice, when aggregated
with all other such events under clause (i) or (ii) above, would be reasonably expected to result in a Material Adverse Effect;

 

(f)          as
soon as possible after a Responsible Officer of the Borrower knows thereof, (i) any release or discharge by the Borrower
or any of its Restricted Subsidiaries of any Materials of Environmental Concern required to be reported under applicable Environmental
Laws to any Governmental Authority, unless the Borrower reasonably determines that the total Environmental Costs arising out of
such release or discharge would not reasonably be expected to have a Material Adverse Effect, (ii) any condition, circumstance,
occurrence or event not previously disclosed in writing to the Administrative Agent that would reasonably be expected to result
in liability or expense under applicable Environmental Laws, unless the Borrower reasonably determines that the total Environmental
Costs arising out of such condition, circumstance, occurrence or event would not reasonably be expected to have a Material Adverse
Effect, or would not reasonably be expected to result in the imposition of any lien or other material restriction on the title,
ownership or transferability of any facilities and properties owned, leased or operated by the Borrower or any of its Restricted
Subsidiaries that would reasonably be expected to result in a Material Adverse Effect, and (iii) any proposed action to
be taken by the Borrower or any of its Restricted Subsidiaries that would reasonably be expected to subject the Borrower or any
of its Restricted Subsidiaries to any material additional or different requirements or liabilities under Environmental Laws, unless
the Borrower reasonably determines that the total Environmental Costs arising out of such proposed action would not reasonably
be expected to have a Material Adverse Effect; and

 

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(g)          as
soon as possible after a Responsible Officer of the Borrower knows thereof, any loss, damage, or destruction to a significant portion
of the Collateral, whether or not covered by insurance.

 

Each notice pursuant
to this Subsection 7.7 shall be accompanied by a statement of a Responsible Officer of the Borrower setting forth details
of the occurrence referred to therein and stating what action the Borrower (or, if applicable, the relevant Restricted Subsidiary)
proposes to take with respect thereto.

 

7.8           Environmental
Laws. (a) (i) Comply substantially with, and require substantial compliance by all tenants, subtenants, contractors,
and invitees with, all applicable Environmental Laws; (ii) obtain, comply substantially with and maintain any and all Environmental
Permits necessary for its operations as conducted and as planned; and (iii) require that all tenants, subtenants, contractors,
and invitees obtain, comply substantially with and maintain any and all Environmental Permits necessary for their operations as
conducted and as planned, with respect to any property leased or subleased from, or operated by the Borrower or its Restricted
Subsidiaries. For purposes of this Subsection 7.8(a), noncompliance shall not constitute a breach of this covenant, provided
that, upon learning of any actual or suspected noncompliance, the Borrower and any such affected Restricted Subsidiary shall promptly
undertake and diligently pursue reasonable efforts, if any, to achieve compliance, and provided, further, that in
any case such noncompliance would not reasonably be expected to have a Material Adverse Effect.

 

(b)          Promptly
comply, in all material respects, with all orders and directives of all Governmental Authorities regarding Environmental Laws,
other than such orders or directives (i) as to which the failure to comply would not reasonably be expected to result in
a Material Adverse Effect or (ii) as to which: (x) appropriate reserves have been established in accordance with
GAAP; (y) an appeal or other appropriate contest is or has been timely and properly taken and is being diligently pursued
in good faith; and (z) if the effectiveness of such order or directive has not been stayed, the failure to comply with such
order or directive during the pendency of such appeal or contest would not reasonably be expected to have a Material Adverse Effect.

 

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7.9           After-Acquired
Real Property and Fixtures; Subsidiaries. (a) With respect to any owned real property or fixtures thereon located in the United
States of America, in each case (x) with a purchase price or a fair market value (as determined in good faith by the Borrower,
which determination shall be conclusive) at the time of acquisition of at least $5,000,000 and (y) not located in an area
identified as a special flood hazard area by the Federal Emergency Management Agency or other applicable agency, in accordance
with the Flood Insurance Laws, in which any Loan Party acquires ownership rights at any time after the Closing Date (or owned by
any Subsidiary that becomes a Loan Party after the Closing Date), promptly notify the Collateral Agent of such acquisition. Any
such applicable Loan Party that is a Domestic Subsidiary shall, within 120 days following written request by the Collateral Agent
(or such longer period as the Collateral Agent may reasonably agree) grant to the Collateral Agent for the benefit of the Secured
Parties, a Lien of record on all such owned real property and fixtures pursuant to a Mortgage or otherwise, upon terms reasonably
satisfactory in form and substance to the Collateral Agent and in accordance with any applicable requirements of any Governmental
Authority (including any required appraisals of such property under FIRREA); provided that (i) nothing in this Subsection
7.9 shall defer or impair the attachment or perfection of any security interest in any Collateral covered by any of the Security
Documents which would attach or be perfected pursuant to the terms thereof without action by the Borrower, any of its Restricted
Subsidiaries or any other Person and (ii) no such Lien shall be required to be granted as contemplated by this Subsection
7.9 on any owned real property or fixtures the acquisition of which is, or is to be, within 180 days of such acquisition, financed
or refinanced, in whole or in part through the incurrence of Indebtedness, until such Indebtedness is repaid in full (and not refinanced)
or, as the case may be, the Borrower determines not to proceed with such financing or refinancing; provided further, that
the Borrower shall only be obligated to execute and deliver, or cause to be executed and delivered, to the Collateral Agent any
relevant Mortgage and shall not be responsible for recording such Mortgage in the event that the Collateral Agent shall fail to
do so after such Mortgage and any other related deliverables required to be delivered to the Collateral Agent in connection with
such filing pursuant to the terms of this Agreement have been executed and delivered. In connection with any such grant to the
Collateral Agent, for the benefit of the Secured Parties, of a Lien of record on any such real property pursuant to a Mortgage
or otherwise in accordance with this Subsection 7.9, the applicable Loan Party shall deliver or cause to be delivered to
the Collateral Agent corresponding UCC fixture filings (if applicable) and any surveys (or survey updates to the extent sufficient
to obtain survey coverage under the title policy), appraisals required under applicable law (including any required appraisals
of such property under FIRREA), title insurance policies, local law enforceability legal opinions and other documents in connection
with such grant of such Lien obtained by it in connection with the acquisition of such ownership rights in such real property as
the Collateral Agent may reasonably request (in light of the value of such real property and the cost and availability of such
UCC fixture filings, surveys (or survey updates), appraisals, title insurance policies, local law enforceability legal opinions
and other documents and whether the delivery of such UCC fixture filings, surveys (or survey updates), appraisals, title insurance
policies, legal opinions and other documents would be customary in connection with such grant of such Lien in similar circumstances).

 

(b)          With
respect to any Domestic Subsidiary that is a Wholly Owned Subsidiary (other than an Excluded Subsidiary) (i) created or
acquired subsequent to the Closing Date by the Borrower or any of its Domestic Subsidiaries that are Wholly Owned Subsidiaries
(other than an Excluded Subsidiary), (ii) being designated as a Restricted Subsidiary, (iii) ceasing to be an
Immaterial Subsidiary or other Excluded Subsidiary as provided in the applicable definition thereof after the expiry of any applicable
period referred to in such definition or (iv) that becomes a Domestic Subsidiary as a result of a transaction pursuant to,
and permitted by, Subsection 8.2 or 8.7 (other than an Excluded Subsidiary), promptly notify the Administrative Agent
of such occurrence and, if the Administrative Agent or the Required Lenders so request, promptly (i) cause the Loan Party
that is required to grant to the Collateral Agent, for the benefit of the Secured Parties, a perfected first priority security
interest (as and to the extent provided in the Guarantee and Collateral Agreement) in the Capital Stock of such new Domestic Subsidiary
owned directly by the Borrower or any of its Domestic Subsidiaries that are Wholly Owned Subsidiaries (other than Excluded Subsidiaries)
to execute and deliver an Assumption Agreement pursuant to Section 9.15 of the Guarantee and Collateral Agreement (and substantially
in the form of Annex 2 thereto), (ii) deliver to the Collateral Agent, the applicable Collateral Representative or
any Additional Agent, in accordance with the applicable ABL/Term Loan Intercreditor Agreement, Junior Lien Intercreditor Agreement
or Other Intercreditor Agreement, the certificates (if any) representing such Capital Stock, together with undated stock powers,
executed and delivered in blank by a duly authorized officer of the parent of such new Domestic Subsidiary, and (iii) cause
such new Domestic Subsidiary (A) to become a party to the Guarantee and Collateral Agreement and (B) to take all
actions reasonably deemed by the Collateral Agent to be necessary or advisable to cause the Lien created by the Guarantee and Collateral
Agreement in such new Domestic Subsidiary’s Collateral to be duly perfected in accordance with all applicable Requirements
of Law (as and to the extent provided in the Guarantee and Collateral Agreement), including the filing of financing statements
in such jurisdictions as may be reasonably requested by the Collateral Agent. In addition, the Borrower may cause any Subsidiary
that is not required to become a Subsidiary Guarantor to become a Subsidiary Guarantor by executing and delivering a Subsidiary
Guaranty.

 

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(c)          With
respect to any Foreign Subsidiary created or acquired subsequent to the Closing Date by the Borrower or any of its Domestic Subsidiaries
that are Wholly Owned Subsidiaries (in each case, other than any Excluded Subsidiary), the Capital Stock of which is owned directly
by the Borrower or a Domestic Subsidiary that is a Wholly Owned Subsidiary (other than an Excluded Subsidiary), promptly notify
the Administrative Agent of such occurrence and if the Administrative Agent or the Required Lenders so request, promptly (i)
cause the Loan Party that is required to grant to the Collateral Agent, for the benefit of the Secured Parties, a perfected first
priority security interest (as and to the extent provided in the Guarantee and Collateral Agreement) in the Capital Stock of such
new Foreign Subsidiary that is directly owned by the Borrower or any Domestic Subsidiary that is a Wholly Owned Subsidiary (other
than an Excluded Subsidiary) to execute and deliver an Assumption Agreement pursuant to Section 9.15 of the Guarantee and Collateral
Agreement (and substantially in the form of Annex 2 thereto) and (ii) to the extent reasonably deemed advisable by
the Collateral Agent, deliver to the Collateral Agent, the applicable Collateral Representative or any Additional Agent, in accordance
with the applicable ABL/Term Loan Intercreditor Agreement, Junior Lien Intercreditor Agreement or Other Intercreditor Agreement,
the certificates, if any, representing such Capital Stock, together with undated stock powers, executed and delivered in blank
by a duly authorized officer of the relevant parent of such new Subsidiary and take such other action as may be reasonably deemed
by the Collateral Agent to be necessary or desirable to perfect the Collateral Agent’s security interest therein (in each
case as and to the extent required by the Guarantee and Collateral Agreement); provided that in either case in no event
shall more than 65.0% of each series of Capital Stock of any Foreign Subsidiary be required to be so pledged.

 

(d)          At
its own expense, execute, acknowledge and deliver, or cause the execution, acknowledgement and delivery of, and thereafter register,
file or record in an appropriate governmental office, any document or instrument reasonably deemed by the Collateral Agent to be
necessary or desirable for the creation, perfection and priority and the continuation of the validity, perfection and priority
of the foregoing Liens or any other Liens created pursuant to the Security Documents (to the extent the Collateral Agent determines,
in its reasonable discretion, that such action is required to ensure the perfection or the enforceability as against third parties
of its security interest in such Collateral) in each case in accordance with, and to the extent required by, the Guarantee and
Collateral Agreement.

 

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(e)          Notwithstanding
anything to the contrary in this Agreement, (A) the foregoing requirements shall be subject to the terms of the ABL/Term
Loan Intercreditor Agreement, any Junior Lien Intercreditor Agreement or any Other Intercreditor Agreement and, in the event of
any conflict with such terms, the terms of the ABL/Term Loan Intercreditor Agreement, any Junior Lien Intercreditor Agreement or
any Other Intercreditor Agreement, as applicable, shall control, (B) no security interest or lien is or will be granted
pursuant to any Loan Document or otherwise in any right, title or interest of the Borrower or any of its Subsidiaries in, and “Collateral”
shall not include, any Excluded Asset, (C) no Loan Party or Affiliate thereof shall be required to take any action in any
non-U.S. jurisdiction or required by the laws of any non-U.S. jurisdiction in order to create any security interests in assets
located or titled outside of the U.S. or to perfect any security interests (it being understood that there shall be no security
agreements or pledge agreements governed under the laws of any non-U.S. jurisdiction), (D) to the extent not automatically
perfected by filings under the Uniform Commercial Code of each applicable jurisdiction, no Loan Party shall be required to take
any actions in order to perfect any security interests granted with respect to any assets specifically requiring perfection through
control (including cash, cash equivalents, deposit accounts and securities accounts, but excluding Capital Stock required to be
delivered pursuant to Subsections 7.9(b) and 7.9(c) above), and (E) nothing in this Subsection 7.9
shall require that any Subsidiary grant a Lien with respect to any property or assets in which such Subsidiary acquires ownership
rights to the extent that the Borrower and the Administrative Agent reasonably determine that the costs or other consequences to
the Borrower or any of its Subsidiaries of the granting of such a Lien is excessive in view of the benefits that would be obtained
by the Secured Parties.

 

(f)          Notwithstanding
any provision of this Subsection 7.9 or Subsection 7.13 to the contrary, prior to the Discharge of ABL Collateral
Obligations, (i) the requirements of this Subsection 7.9 and of Subsection 7.13 to deliver any ABL Priority
Collateral to the Agent shall be deemed satisfied by the delivery of such ABL Priority Collateral to the ABL Agent or the ABL Collateral
Representative (as defined in the ABL/Term Loan Intercreditor Agreement or the equivalent term in any Other Intercreditor Agreement),
(ii) the Borrower shall, and shall cause each Restricted Subsidiary to, comply with the requirements of this Subsection
7.9 and Subsection 7.13 with respect to the Obligations hereunder as they relate to any ABL Priority Collateral only
to the same extent that the Borrower and such Restricted Subsidiaries are required to comply with provisions analogous to this
Subsection 7.9 or Subsection 7.13 under the ABL Credit Agreement or the documentation governing any other ABL Collateral
Obligations and (iii) the ABL Agent or the ABL Collateral Representative (as defined in the ABL/Term Loan Intercreditor
Agreement or the equivalent term in any Other Intercreditor Agreement) shall have sole discretion (in consultation with the Borrower,
if applicable) with respect to any determination concerning ABL Priority Collateral as to which the Agent would have authority
to exercise under this Subsection 7.9 or Subsection 7.13.

 

7.10         Use
of Proceeds. Use the proceeds of the Initial Term Loans only for the purposes set forth in Subsection 5.16.

 

7.11         Commercially
Reasonable Efforts to Maintain Ratings. At all times, the Borrower shall use commercially reasonable efforts to maintain ratings
(but not any particular rating) of the Initial Term Loans and a corporate rating (but not any particular rating) and corporate
family rating (but not any particular rating), as applicable, for the Borrower by each of S&P and Moody’s.

 

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7.12         Accounting
Changes. The Borrower will, for financial reporting purposes, cause the Borrower’s and each of its Subsidiaries’
Fiscal Years to end on the Sunday closest to October 31st of each calendar year; provided that the Borrower may,
upon written notice to the Administrative Agent, change the financial reporting convention specified above to any other financial
reporting convention, in which case the Borrower and the Administrative Agent will, and are hereby authorized by the Lenders to,
make any adjustments to this Agreement that are necessary in order to reflect such change in financial reporting.

 

7.13         Post-Closing
Security Perfection. The Borrower agrees to deliver or cause to be delivered such documents and instruments, and take or cause
to be taken such other actions as may be reasonably necessary to provide the perfected mortgages and other security interests described
in the provisos to Subsection 6.1(a), Subsection 6.1(e) and Subsection 6.1(f) that are not so provided on
the Closing Date, and in any event to provide such perfected mortgages and other security interests and to satisfy such other conditions
within the applicable time periods set forth on Schedule 7.13, as such time periods may be extended by the Administrative
Agent, in its sole discretion. Notwithstanding any other provision of this Subsection 7.13, Subsection 7.9, Schedule
7.13 or any Security Document; (x) the Borrower shall not be obligated to take, or cause to be taken, any action that is dependent
on an action that the Administrative Agent or the Collateral Agent, as the case may be, has failed to take, for so long as the
Administrative Agent or the Collateral Agent has failed to take such action, and (y) the Borrower shall only be obligated to execute
and deliver, or cause to be executed and delivered, to the Collateral Agent any relevant Mortgage and shall not be responsible
for recording such Mortgage in the event that the Collateral Agent shall fail to do so after such Mortgage and any other related
deliverables required to be delivered to the Collateral Agent in connection with such filing pursuant to the terms of this Agreement
have been executed and delivered.

 

SECTION 8

 

Negative Covenants

 

The Borrower hereby agrees
that, from and after the Closing Date, until payment in full of the Loans and all other Term Loan Facility Obligations then due
and owing to any Lender or any Agent hereunder:

 

8.1           Limitation
on Indebtedness. (a) The Borrower will not, and will not permit any Restricted Subsidiary to, Incur any Indebtedness; provided,
however, that the Borrower or any Restricted Subsidiary may Incur Indebtedness if on the date of the Incurrence of such
Indebtedness, after giving effect to the Incurrence thereof (or, at the Borrower’s option, on the date of the initial borrowing
of such Indebtedness or entry into the definitive agreement providing the commitment to fund such Indebtedness after giving pro
forma effect to the Incurrence of the entire committed amount, in which case such committed amount may thereafter be borrowed and
reborrowed in whole or in part, from time to time, without further compliance with this proviso), the Consolidated Coverage Ratio
would be equal to or greater than 2.00:1.00; provided, further, that the aggregate principal amount of Indebtedness
that may be Incurred pursuant to this Subsection 8.1(a), by Restricted Subsidiaries that are not Subsidiary Guarantors or
Escrow Subsidiaries shall not exceed the greater of $100,000,000 and 60% of Consolidated Four Quarter EBITDA at any time outstanding.

 

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(b)          Notwithstanding
the foregoing Subsection 8.1(a), the Borrower and its Restricted Subsidiaries may Incur the following Indebtedness:

 

(i)          (I)
Indebtedness Incurred by the Borrower, a Guarantor or an Escrow Subsidiary (a) pursuant to this Agreement and the other
Loan Documents, (b) pursuant to the Senior ABL Facility, (c) constituting Additional Obligations (and Refinancing
Indebtedness in respect thereof), (d) constituting Rollover Indebtedness (and Refinancing Indebtedness in respect thereof),
(e) in respect of Permitted Debt Exchange Notes Incurred pursuant to a Permitted Debt Exchange in accordance with Subsection
2.7 (and any Refinancing Indebtedness in respect thereof) and (f) pursuant to any Letter of Credit Facility (and any
Refinancing Indebtedness in respect thereof), in a maximum principal amount for all such Indebtedness at any time outstanding not
exceeding in the aggregate an amount equal to the sum of (A) $415,000,000, plus (B) the greater of (x) $150,000,000
and (y) an amount equal (but not less than zero) to (1) the Borrowing Base less (2) the aggregate
principal amount of Indebtedness Incurred by Special Purpose Entities that are Domestic Subsidiaries and then outstanding pursuant
to Subsection 8.1(b)(ix), less (3) the aggregate principal amount of Indebtedness Incurred by any Foreign
Subsidiaries and then outstanding pursuant to Subsection 8.1(b)(xv)(ii), plus (C) without duplication of incremental
amounts included in the definition of “Refinancing Indebtedness”, in the event of any refinancing of any such Indebtedness
(including with Specified Refinancing Indebtedness), the aggregate amount of fees, underwriting discounts, premiums and other costs
and expenses (including accrued and unpaid interest) Incurred or payable in connection with such refinancing, and (II) Indebtedness
Incurred by the Borrower, a Guarantor or an Escrow Subsidiary (a) pursuant to this Agreement and the other Loan Documents,
(b) pursuant to the Senior ABL Facility, (c) constituting Additional Obligations, (d) constituting Rollover
Indebtedness, (e) in respect of Permitted Debt Exchange Notes Incurred pursuant to a Permitted Debt Exchange in accordance
with Subsection 2.7 and (f) pursuant to any Letter of Credit Facility, in an aggregate principal amount for all such
Indebtedness outstanding after giving effect to such Incurrence not in excess of the Maximum Incremental Facilities Amount (for
purposes of determining the amount outstanding pursuant to clause (i) of the definition of “Maximum Incremental Facilities
Amount”, treating (x) any then unused portion of Incremental Revolving Commitments made available in reliance on such
clause as outstanding Indebtedness and (y) Refinancing Indebtedness and Permitted Debt Exchange Notes Incurred pursuant
to this Subsection 8.1(b)(i)(II) in respect of Indebtedness Incurred in reliance on clause (i) of the definition of “Maximum
Incremental Facilities Amount” (and Refinancing Indebtedness and Permitted Debt Exchange Notes Incurred pursuant to this
Subsection 8.1(b)(i)(II) in respect of such Refinancing Indebtedness and/or Permitted Debt Exchange Notes) as outstanding
pursuant to such clause), together with Refinancing Indebtedness in respect of the Indebtedness described in subclauses (a), (b),
(c), (d) and (e) of this clause (II), plus, without duplication of incremental amounts included in the definition of “Refinancing
Indebtedness”, in the event of any refinancing of such Indebtedness (including with Specified Refinancing Indebtedness),
the aggregate amount of all fees, underwriting discounts, premiums and other costs and expenses (including accrued and unpaid interest)
Incurred or payable in connection with such refinancing;

 

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(ii)         Indebtedness
(A) of any Restricted Subsidiary to the Borrower, or (B) of the Borrower or any Restricted Subsidiary to any Restricted
Subsidiary; provided that in the case of this Subsection 8.1(b)(ii), any subsequent issuance or transfer of any Capital
Stock of such Restricted Subsidiary to which such Indebtedness is owed, or other event, that results in such Restricted Subsidiary
ceasing to be a Restricted Subsidiary or any other subsequent transfer of such Indebtedness (except to the Borrower or a Restricted
Subsidiary) will be deemed, in each case, an Incurrence of such Indebtedness by the issuer thereof not permitted by this Subsection
8.1(b)(ii);

 

(iii)        Indebtedness
represented by (A) any Indebtedness (other than the Indebtedness pursuant to this Agreement and the other Loan Documents
described in Subsection 8.1(b)(i)) outstanding (or Incurred pursuant to any commitment outstanding) on the Closing Date
and set forth on Schedule 8.1 and (B) any Refinancing Indebtedness Incurred in respect of any Indebtedness (or unutilized
commitments) described in this Subsection 8.1(b)(iii) or Subsection 8.1(a);

 

(iv)         Purchase
Money Obligations, Financing Lease Obligations, and in each case any Refinancing Indebtedness with respect thereto; provided
that the aggregate principal amount of such Purchase Money Obligations Incurred to finance the acquisition of Capital Stock of
any Person at any time outstanding pursuant to this clause shall not exceed an amount equal to the greater of $50,000,000 and 30%
of Consolidated Four Quarter EBITDA;

 

(v)          Indebtedness
(A) supported by a letter of credit issued in compliance with this Subsection 8.1 in a principal amount not exceeding
the face amount of such letter of credit or (B) consisting of accommodation guarantees for the benefit of trade creditors
of the Borrower or any of its Restricted Subsidiaries;

 

(vi)         (A)
Guarantees by the Borrower or any Restricted Subsidiary of Indebtedness or any other obligation or liability of the Borrower or
any Restricted Subsidiary (other than any Indebtedness Incurred by the Borrower or such Restricted Subsidiary, as the case may
be, in violation of this Subsection 8.1), or (B) without limiting Subsection 8.6, Indebtedness of the Borrower
or any Restricted Subsidiary arising by reason of any Lien granted by or applicable to such Person securing Indebtedness of the
Borrower or any Restricted Subsidiary (other than any Indebtedness Incurred by the Borrower or such Restricted Subsidiary, as the
case may be, in violation of this Subsection 8.1);

 

(vii)        Indebtedness
of the Borrower or any Restricted Subsidiary (A) arising from the honoring of a check, draft or similar instrument of such
Person drawn against insufficient funds in the ordinary course of business, or (B) consisting of guarantees, indemnities,
obligations in respect of earn-outs or other purchase price adjustments, or similar obligations, Incurred in connection with the
acquisition or disposition of any business, assets or Person;

 

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(viii)      Indebtedness
of the Borrower or any Restricted Subsidiary in respect of (A) letters of credit, bankers’ acceptances or other similar
instruments or obligations issued, or relating to liabilities or obligations incurred, in the ordinary course of business (including
those issued to governmental entities in connection with self-insurance under applicable workers’ compensation statutes),
(B) completion guarantees, surety, judgment, appeal or performance bonds, or other similar bonds, instruments or obligations,
provided, or relating to liabilities or obligations incurred, in the ordinary course of business, (C) Hedging Obligations,
entered into for bona fide hedging purposes, (D) Management Guarantees or Management Indebtedness, (E) the financing
of insurance premiums in the ordinary course of business, (F) take-or-pay obligations under supply arrangements incurred
in the ordinary course of business, (G) netting, overdraft protection and other arrangements arising under standard business
terms of any bank at which the Borrower or any Restricted Subsidiary maintains an overdraft, cash pooling or other similar facility
or arrangement, (H) Junior Capital in an aggregate principal amount at any time outstanding not to exceed the greater of
$75,000,000 and 45% of Consolidated Four Quarter EBITDA or (I) Bank Products Obligations;

 

(ix)         Indebtedness
(A) of a Special Purpose Subsidiary secured by a Lien on all or part of the assets disposed of in, or otherwise Incurred
in connection with, a Financing Disposition or (B) otherwise Incurred in connection with a Special Purpose Financing; provided
that (1) such Indebtedness is not recourse to the Borrower or any Restricted Subsidiary that is not a Special Purpose Subsidiary
(other than with respect to Special Purpose Financing Undertakings); (2) in the event such Indebtedness shall become recourse
to the Borrower or any Restricted Subsidiary that is not a Special Purpose Subsidiary (other than with respect to Special Purpose
Financing Undertakings), such Indebtedness will be deemed to be, and must be classified by the Borrower as, Incurred at such time
(or at the time initially Incurred) under one or more of the other provisions of this Subsection 8.1 for so long as such
Indebtedness shall be so recourse; and (3) in the event that at any time thereafter such Indebtedness shall comply with
the provisions of the preceding subclause (1), the Borrower may classify such Indebtedness in whole or in part as Incurred under
this Subsection 8.1(b)(ix);

 

(x)          Indebtedness
of (A) the Borrower or any Restricted Subsidiary Incurred to finance or refinance, or otherwise Incurred in connection with,
any acquisition of assets (including Capital Stock), business or Person, or any merger or consolidation of any Person with or into
the Borrower or any Restricted Subsidiary; or (B) any Person that is acquired by or merged or consolidated with or into
the Borrower or any Restricted Subsidiary (including Indebtedness thereof Incurred in connection with any such acquisition, merger
or consolidation), provided that on the date of such acquisition, merger or consolidation, after giving effect thereto,
either (1) the Borrower would have a Consolidated Total Leverage Ratio equal to or less than 4.50:1.00, (2) the Consolidated
Total Leverage Ratio of the Borrower would equal or be less than the Consolidated Total Leverage Ratio of the Borrower immediately
prior to giving effect thereto, (3) the Borrower could Incur at least $1.00 of additional Indebtedness pursuant to Subsection
8.1(a) or (4) the Consolidated Coverage Ratio of the Borrower would equal or be greater than the Consolidated Coverage
Ratio of the Borrower immediately prior to giving effect thereto; provided, further, that if, at the Borrower’s
option, on the date of the initial borrowing of such Indebtedness or entry into the definitive agreement providing the commitment
to fund such Indebtedness, pro forma effect is given to the Incurrence of the entire committed amount of such Indebtedness, such
committed amount may thereafter be borrowed and reborrowed, in whole or in part, from time to time, without further compliance
with this clause (x); and any Refinancing Indebtedness with respect to any such Indebtedness;

 

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(xi)          Contribution
Indebtedness and any Refinancing Indebtedness with respect thereto;

 

(xii)          Indebtedness
issuable upon the conversion or exchange of shares of Disqualified Stock issued in accordance with Subsection 8.1(a), and
any Refinancing Indebtedness with respect thereto;

 

(xiii)        Indebtedness
of the Borrower or any Restricted Subsidiary in an aggregate principal amount at any time outstanding not exceeding an amount equal
to the greater of $100,000,000 and 60% of Consolidated Four Quarter EBITDA;

 

(xiv)        Indebtedness
of the Borrower or any Restricted Subsidiary Incurred as consideration in connection with or otherwise to finance any acquisition
of assets (including Capital Stock), business or Person, or any merger or consolidation of any Person with or into the Borrower
or any Restricted Subsidiary, and any Refinancing Indebtedness with respect thereto, in an aggregate principal amount at any time
outstanding not exceeding an amount equal to the greater of $35,000,000 and 20% of Consolidated Four Quarter EBITDA;

 

(xv)         Indebtedness
of any Foreign Subsidiary in an aggregate principal amount at any time outstanding not exceeding an amount equal to the sum of
(i) the greater of $25,000,000 and 15% of Consolidated Four Quarter EBITDA and (ii) an amount equal (but not less
than zero) to (A) the Foreign Borrowing Base less (B) the aggregate principal amount of Indebtedness Incurred
by Special Purpose Subsidiaries that are Foreign Subsidiaries and then outstanding pursuant to clause (ix) of this paragraph (b),
less (C) the aggregate principal amount of Indebtedness Incurred and then outstanding pursuant to Subsection 8.1(b)(i)(I)(1)
in excess of the Domestic Borrowing Base, plus (D) in the event of any refinancing of any Indebtedness Incurred under
this clause (xv), the aggregate amount of fees, underwriting discounts, premiums and other costs and expenses (including accrued
and unpaid interest) Incurred or payable in connection with such refinancing;

 

(xvi)        Indebtedness
of the Borrower or any Restricted Subsidiary in an aggregate principal amount not greater than the aggregate amount of Restricted
Payments which could be made at the time of such Incurrence pursuant to Subsection 8.2(b)(v) or (b)(vi),
and any Refinancing Indebtedness with respect thereto; provided that the Incurrence of Indebtedness in reliance on amounts
available for making Restricted Payments pursuant to any of the foregoing clauses of Subsection 8.2 shall reduce the amount
available under any such applicable clause by an amount equal to the outstanding principal amount of such Indebtedness; and

 

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(xvii)      Indebtedness
of the Borrower or any Restricted Subsidiary in an unlimited amount if, after giving effect to the Incurrence of such amount (or,
at the Borrower’s option, on the date of the initial commitment to lend such additional amount after giving pro forma effect
to the Incurrence of the entire committed amount of such additional amount), the Consolidated Total Leverage Ratio shall not exceed
3.50 to 1.00.

 

(c)          For
purposes of determining compliance with, and the outstanding principal amount of any particular Indebtedness Incurred pursuant
to and in compliance with, this Subsection 8.1, (i) any other obligation of the obligor on such Indebtedness (or
of any other Person who could have Incurred such Indebtedness under this Subsection 8.1) arising under any Guarantee, Lien
or letter of credit, bankers’ acceptance or other similar instrument or obligation supporting such Indebtedness shall be
disregarded to the extent that such Guarantee, Lien or letter of credit, bankers’ acceptance or other similar instrument
or obligation secures the principal amount of such Indebtedness; (ii) in the event that Indebtedness Incurred pursuant to
Subsection 8.1(b) meets the criteria of more than one of the types of Indebtedness described in Subsection 8.1(b),
the Borrower, in its sole discretion, shall classify such item of Indebtedness and may include the amount and type of such Indebtedness
in one or more of the clauses or subclauses of Subsection 8.1(b) (including in part under one such clause or subclause and
in part under another such clause or subclause); provided that (if the Borrower shall so determine) any Indebtedness Incurred
pursuant to (x) Subsection 8.1(b)(iv), (b)(viii)(H), (b)(xiii), (b)(xiv) or (b)(xv) shall
cease to be deemed Incurred or outstanding for purposes of such clause or subclause but shall be deemed Incurred for the purposes
of Subsection 8.1(a) or (b)(xvii), respectively, from and after the first date on which the Borrower or any Restricted
Subsidiary could have Incurred such Indebtedness under Subsection 8.1(a) or (b)(xvii), respectively, without reliance
on such clause or subclause and (y) the Cash Capped Incremental Facility shall cease to be deemed Incurred or outstanding
for purposes of such definition but shall be deemed Incurred for the purposes of the Ratio Incremental Facility from and after
the first date on which the Borrower could have Incurred such Indebtedness under the Ratio Incremental Facility without reliance
on such provision; (iii) in the event that Indebtedness could be Incurred in part under Subsection 8.1(a), the Borrower,
in its sole discretion, may classify a portion of such Indebtedness as having been Incurred under Subsection 8.1(a) and
the remainder of such Indebtedness as having been Incurred under Subsection 8.1(b); (iv) the amount of Indebtedness
issued at a price that is less than the principal amount thereof shall be equal to the amount of the liability in respect thereof
determined in accordance with GAAP; (v) the principal amount of Indebtedness outstanding under any clause or subclause
of Subsection 8.1, including for purposes of any determination of the “Maximum Incremental Facilities Amount”,
shall be determined after giving effect to the application of proceeds of any such Indebtedness to refinance any such other Indebtedness;
(vi) if any commitments in respect of revolving or deferred draw Indebtedness are established in reliance on any provision
of Subsection 8.1(b) measured by reference to Consolidated Four Quarter EBITDA, after giving pro forma effect to the
Incurrence of the entire committed amount, such amount may thereafter be borrowed and reborrowed, in whole or in part, from time
to time, irrespective of whether or not such Incurrence would cause such Consolidated Four Quarter EBITDA to be exceeded; (vii) if
any Indebtedness is Incurred to refinance Indebtedness (or unutilized commitments in respect of Indebtedness) initially Incurred
(or established) (or, to refinance Indebtedness Incurred (or commitments established)) to refinance Indebtedness initially Incurred
(or commitments initially established) in reliance on any provision of Subsection 8.1(b) measured by reference to Consolidated
Four Quarter EBITDA at the time of Incurrence, as applicable, and such refinancing would cause such Consolidated Four Quarter EBITDA
to be exceeded if calculated based on the Consolidated Four Quarter EBITDA, on the date of such refinancing, such Consolidated
Four Quarter EBITDA shall not be deemed to be exceeded (and such refinancing Indebtedness shall be deemed permitted) so long as
the principal amount of such refinancing Indebtedness does not exceed an amount equal to the principal amount of such Indebtedness
being refinanced, plus the aggregate amount of fees, underwriting discounts, premiums and other costs and expenses (including accrued
and unpaid interest) Incurred or payable in connection with such refinancing; and (viii) if any Indebtedness is Incurred
to refinance Indebtedness initially Incurred (or, Indebtedness Incurred to refinance Indebtedness initially Incurred) in reliance
on any provision of Subsection 8.1(b) measured by a Dollar amount, such Dollar amount shall not be deemed to be exceeded
(and such refinancing Indebtedness shall be deemed permitted) to the extent the principal amount of such newly Incurred Indebtedness
does not exceed an amount equal to the principal amount of such Indebtedness being refinanced, plus the aggregate amount
of fees, underwriting discounts, premiums and other costs and expenses (including accrued and unpaid interest) Incurred or payable
in connection with such refinancing. Notwithstanding anything herein to the contrary, Indebtedness Incurred by the Borrower on
the Closing Date under this Agreement or the Senior ABL Agreement, shall be classified as Incurred under Subsection 8.1(b),
and not under Subsection 8.1(a).

 

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(d)          For
purposes of determining compliance with any provision of Subsection 8.1(b) (or any category of Permitted Liens described
in the definition thereof) measured by a dollar amount or by reference to Consolidated Four Quarter EBITDA for the Incurrence of
Indebtedness or Liens securing Indebtedness denominated in a foreign currency, the dollar equivalent principal amount of such Indebtedness
Incurred pursuant thereto shall be calculated based on the relevant currency exchange rate in effect on the date that such Indebtedness
was Incurred, in the case of term Indebtedness, or first committed, in the case of revolving or deferred draw Indebtedness; provided
that (x) the dollar equivalent principal amount of any such Indebtedness outstanding on the Closing Date shall be calculated
based on the relevant currency exchange rate in effect on the Closing Date, (y) if such Indebtedness is Incurred to refinance
other Indebtedness denominated in a foreign currency (or in a different currency from such Indebtedness so being Incurred), and
such refinancing would cause the applicable provision of Subsection 8.1(b) above (or category of Permitted Liens) measured
by a dollar amount or by reference to Consolidated Four Quarter EBITDA to be exceeded if calculated at the relevant currency exchange
rate in effect on the date of such refinancing, such provision of Subsection 8.1(b) (or category of Permitted Liens) measured
by a dollar amount or by reference to Consolidated Four Quarter EBITDA shall be deemed not to have been exceeded so long as the
principal amount of such refinancing Indebtedness does not exceed (i) the outstanding or committed principal amount (whichever
is higher) of such Indebtedness being refinanced plus (ii) the aggregate amount of fees, underwriting discounts,
premiums and other costs and expenses (including accrued and unpaid interest) Incurred or payable in connection with such refinancing
and (z) the dollar equivalent principal amount of Indebtedness denominated in a foreign currency and Incurred pursuant to
this Agreement or any Senior ABL Facility shall be calculated based on the relevant currency exchange rate in effect on, at the
Borrower’s option, (A) the Closing Date, (B) any date on which any of the respective commitments under this
Agreement or the applicable Senior ABL Facility shall be reallocated between or among facilities or subfacilities hereunder or
thereunder, or on which such rate is otherwise calculated for any purpose thereunder or (C) the date of such Incurrence.
Subject to the foregoing provisions of this Subsection 8.1(d), the principal amount of any Indebtedness Incurred to refinance
other Indebtedness, if Incurred in a different currency from the Indebtedness being refinanced, shall be calculated based on the
currency exchange rate applicable to the currencies in which such respective Indebtedness is denominated that is in effect on the
date of such refinancing.

 

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8.2           Limitation
on Restricted Payments. (a) The Borrower shall not, and shall not permit any Restricted Subsidiary, directly or indirectly,
to (i) declare or pay any dividend or make any distribution on or in respect of its Capital Stock (including any such payment
in connection with any merger or consolidation to which the Borrower is a party) except (x) dividends or distributions payable
solely in its Capital Stock (other than Disqualified Stock) and (y) dividends or distributions payable to the Borrower or
any Restricted Subsidiary (and, in the case of any such Restricted Subsidiary making such dividend or distribution, to other holders
of its Capital Stock on no more than a pro rata basis, measured by value), (ii) purchase, redeem, retire or otherwise acquire
for value any Capital Stock of the Borrower held by Persons other than the Borrower or a Restricted Subsidiary (other than any
acquisition of Capital Stock deemed to occur upon the exercise of options if such Capital Stock represents a portion of the exercise
price thereof), (iii) voluntarily purchase, repurchase, redeem, defease or otherwise voluntarily acquire or retire for value,
prior to scheduled maturity, scheduled repayment or scheduled sinking fund payment, any Junior Debt (other than a purchase, repurchase,
redemption, defeasance or other acquisition or retirement for value in anticipation of satisfying a sinking fund obligation, principal
installment or final maturity, in each case due within one year of the date of such purchase, repurchase, redemption, defeasance
or other acquisition or retirement for value), or (iv) make any Investment (other than a Permitted Investment) in any Person
(any such dividend, distribution, purchase, repurchase, redemption, defeasance, other acquisition or retirement or Investment being
herein referred to as a “Restricted Payment”), if at the time the Borrower or such Restricted Subsidiary makes
such Restricted Payment after giving effect thereto:

 

(1)         an
Event of Default under Subsection 9.1(a), (c), (e), (f), (h), (i), (j) or (k),
or another Event of Default known to the Borrower, shall have occurred and be continuing (or would result therefrom);

 

(2)         the
Borrower could not Incur at least an additional $1.00 of Indebtedness pursuant to Subsection 8.1(a); or

 

(3)         the
aggregate amount of such Restricted Payment and all other Restricted Payments declared or made subsequent to the Closing Date and
then outstanding would exceed, without duplication, the sum of:

 

(A)         50.0%
of the Consolidated Net Income accrued during the period (treated as one accounting period) beginning on the first day of the Fiscal
Quarter of the Borrower in which the Closing Date occurs to the end of the most recent Fiscal Quarter of the Borrower ending prior
to the date of such Restricted Payment for which consolidated financial statements of the Borrower (or any Parent Entity whose
financial statements are being used to meet the Borrower’s reporting obligations under Subsection 7.1) are available
(or, in case such Consolidated Net Income shall be a negative number, 100.0% of such negative number);

 

    	 	- 145 -	 

     

    

 

(B)         the
aggregate Net Cash Proceeds and the fair value (as determined in good faith by the Borrower, which determination shall be conclusive)
of property or assets received (x) by the Borrower as capital contributions to the Borrower after the Closing Date or from
the issuance or sale (other than to a Restricted Subsidiary) of its Capital Stock (other than Disqualified Stock) after the Closing
Date (other than Excluded Contributions and Contribution Amounts) or (y) by the Borrower or any Restricted Subsidiary from
the Incurrence by the Borrower or any Restricted Subsidiary after the Closing Date of Indebtedness that shall have been converted
into or exchanged for Capital Stock of the Borrower (other than Disqualified Stock) or Capital Stock of any Parent Entity, plus
the amount of any cash and the fair value (as determined in good faith by the Borrower, which determination shall be conclusive)
of any property or assets, received by the Borrower or any Restricted Subsidiary upon such conversion or exchange;

 

(C)         (i)
the aggregate amount of cash and the fair value (as determined in good faith by the Borrower, which determination shall be conclusive)
of any property or assets received from dividends, distributions, interest payments, return of capital, repayments of Investments
or other transfers of assets to the Borrower or any Restricted Subsidiary from any Unrestricted Subsidiary, including dividends
or other distributions related to dividends or other distributions made pursuant to Subsection 8.2(b)(ix), plus (ii) the
aggregate amount resulting from the redesignation of any Unrestricted Subsidiary as a Restricted Subsidiary (valued in each case
as provided in the definition of “Investment”); and

 

(D)         in
the case of any disposition or repayment of any Investment constituting a Restricted Payment (without duplication of any amount
deducted in calculating the amount of Investments at any time outstanding included in the amount of Restricted Payments), the aggregate
amount of cash and the fair value (as determined in good faith by the Borrower, which determination shall be conclusive) of any
property or assets received by the Borrower or a Restricted Subsidiary with respect to all such dispositions and repayments.

 

(b)          The
provisions of Subsection 8.2(a) do not prohibit any of the following (each, a “Permitted Payment”):

 

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(i)          (x)
any purchase, redemption, repurchase, defeasance or other acquisition or retirement of Capital Stock of the Borrower (“Treasury
Capital Stock”) or any Junior Debt made by exchange (including any such exchange pursuant to the exercise of a conversion
right or privilege in connection with which cash is paid in lieu of the issuance of fractional shares) for, or out of the proceeds
of the issuance or sale of, Capital Stock of the Borrower (other than Disqualified Stock and other than Capital Stock issued or
sold to a Subsidiary) (“Refunding Capital Stock”) or a capital contribution to the Borrower, in each case other
than Excluded Contributions and Contribution Amounts; provided that the Net Cash Proceeds from such issuance, sale or capital
contribution shall be excluded in subsequent calculations under Subsection 8.2(a)(3)(B); and (y) if immediately prior
to such acquisition or retirement of such Treasury Capital Stock, dividends thereon were permitted pursuant to Subsection 8.2(b)(xi),
dividends on such Refunding Capital Stock in an aggregate amount per annum not exceeding the aggregate amount per annum of dividends
so permitted on such Treasury Capital Stock;

 

(ii)         any
dividend paid or redemption made within 60 days after the date of declaration thereof or of the giving of notice thereof, as applicable,
if at such date of declaration or the giving of such notice, such dividend or redemption would have complied with this Subsection
8.2;

 

(iii)        Investments
or other Restricted Payments (x) in an aggregate amount outstanding at any time not to exceed the amount of Excluded Contributions
or (y) without duplication of clause (x), in an amount equal to the lesser of (A) the Net Cash Proceeds from an Asset
Disposition in respect of property or assets acquired after the Closing Date, if and to the extent the acquisition of such property
or assets was financed with Excluded Contributions and (B) an amount equal to the amount of Excluded Contributions applied
to finance such acquisitions of property or assets;

 

(iv)         loans,
advances, dividends or distributions by the Borrower to any Parent Entity to permit any Parent Entity to repurchase or otherwise
acquire its Capital Stock (including any options, warrants or other rights in respect thereof), or payments by the Borrower to
repurchase or otherwise acquire Capital Stock of any Parent Entity or the Borrower (including any options, warrants or other rights
in respect thereof), in each case from current or former Management Investors (including any repurchase or acquisition by reason
of the Borrower or any Parent Entity retaining any Capital Stock, option, warrant or other right in respect of tax withholding
obligations, and any related payment in respect of any such obligation), such payments, loans, advances, dividends or distributions
not to exceed an amount (net of repayments of any such loans or advances) equal to (x) (1) $10,000,000, plus
(2) $5,000,000 multiplied by the number of calendar years that have commenced since the Closing Date, plus (y)
the Net Cash Proceeds received by the Borrower since the Closing Date from, or as a capital contribution from, the issuance or
sale to Management Investors of Capital Stock (including any options, warrants or other rights in respect thereof), to the extent
such Net Cash Proceeds are not included in any calculation under Subsection 8.2(a)(3)(B)(x), plus (z) the
cash proceeds of key man life insurance policies received by the Borrower or any Restricted Subsidiary (or by any Parent Entity
and contributed to the Borrower) since the Closing Date to the extent such cash proceeds are not included in any calculation under
Subsection 8.2(a)(3)(A); provided that any cancellation of Indebtedness owing to the Borrower or any Restricted Subsidiary
by any current or former Management Investor in connection with any repurchase or other acquisition of Capital Stock (including
any options, warrants or other rights in respect thereof) from any Management Investor shall not constitute a Restricted Payment
for purposes of this covenant or any other provision of this Agreement;

 

    	 	- 147 -	 

     

    

 

(v)          Restricted
Payments in an amount not to exceed, in any Fiscal Year of the Borrower the greater of (x) 6.0% of Market Capitalization
and (y) 6.0% of the aggregate gross proceeds received by the Borrower (whether directly, or indirectly through a contribution
to common equity capital) in or from any public offering of common stock or equity of the Borrower or any Parent Entity;

 

(vi)         Restricted
Payments (including loans or advances) in an aggregate amount outstanding at any time not to exceed an amount (net of repayments
of any such loans or advances) equal to the sum of (x) the greater of $75,000,000 and 45% of Consolidated Four Quarter EBITDA
plus (y) the aggregate of all Declined Amounts plus (z) the aggregate amount of all Leverage Excess
Proceeds;

 

(vii)        loans,
advances, dividends or distributions to any Parent Entity or other payments by the Borrower or any Restricted Subsidiary (A)
to satisfy or permit any Parent Entity to satisfy obligations under the 2009 Transaction Documents, (B) pursuant to the
Tax Sharing Agreement, or (C) to pay or permit any Parent Entity to pay (but without duplication) any Parent Expenses or
any Related Taxes;

 

(viii)      payments
by the Borrower, or loans, advances, dividends or distributions by the Borrower to any Parent Entity to make payments, to holders
of Capital Stock of the Borrower or any Parent Entity in lieu of issuance of fractional shares of such Capital Stock;

 

(ix)         dividends
or other distributions of, or Investments paid for or made with, Capital Stock, Indebtedness or other securities of Unrestricted
Subsidiaries;

 

(x)          any
Restricted Payment pursuant to or in connection with the Transactions;

 

(xi)         (A)
dividends on any Designated Preferred Stock of the Borrower issued after the date hereof; provided that at the time of such
issuance and after giving effect thereto on a pro forma basis, the Consolidated Coverage Ratio would be equal to or greater than
2.00:1.00, (B) loans, advances, dividends or distributions to any Parent Entity or to permit dividends on any Designated
Preferred Stock of any Parent Entity issued after the date hereof if the net proceeds of the issuance of such Designated Preferred
Stock have been contributed to the Borrower or any of its Restricted Subsidiaries; provided that the aggregate amount of
all loans, advances, dividends or distributions paid pursuant to this subclause (B) shall not exceed the net proceeds of such issuance
of Designated Preferred Stock received by or contributed to the Borrower or any of its Restricted Subsidiaries, or (C) any
dividend on Refunding Capital Stock of the Borrower that is Preferred Stock; provided that at the time of the declaration
of such dividend and after giving effect thereto on a pro forma basis, the Consolidated Coverage Ratio would be equal to or greater
than 2.00:1.00;

 

(xii)        distributions
or payments of Special Purpose Financing Fees;

 

    	 	- 148 -	 

     

    

 

(xiii)      the
declaration and payment of dividends to holders of any class or series of Disqualified Stock, or of any Preferred Stock of a Restricted
Subsidiary, Incurred in accordance with the terms of Subsection 8.1;

 

(xiv)        any
purchase, redemption, repurchase, defeasance or other acquisition or retirement of any Junior Debt (u) made by exchange
for, or out of the proceeds of the Incurrence of, (1) Refinancing Indebtedness Incurred in compliance with Subsection
8.1 or (2) new Indebtedness of the Borrower, or a Restricted Subsidiary, as the case may be, Incurred in compliance
with Subsection 8.1, so long as such new Indebtedness satisfies all requirements for “Refinancing Indebtedness”
set forth in the definition thereof applicable to a refinancing of such Junior Debt, (v) from Net Available Cash or an equivalent
amount to the extent permitted by Subsection 8.4, (w) from declined amounts as contemplated by Subsection 4.4(d),
(x) following the occurrence of a Change of Control (or other similar event described therein as a “change of control”),
but only if the Borrower shall have complied with Subsection 8.8(a) prior to purchasing, redeeming, repurchasing, defeasing,
acquiring or retiring or repaying such Junior Debt, (y) constituting Acquired Indebtedness or (z) in an aggregate
amount at any time not exceeding an amount equal to the greater of $75,000,000 and 45% of Consolidated Four Quarter EBITDA;

 

(xv)         Investments
in Unrestricted Subsidiaries in an aggregate amount outstanding at any time not exceeding an amount equal to the greater of $75,000,000
and 45% of Consolidated Four Quarter EBITDA;

 

(xvi)        any
Restricted Payment; provided that on a pro forma basis after giving effect to such Restricted Payment the Consolidated Total
Leverage Ratio would be equal to or less than 3.50:1.00; and

 

(xvii)      Restricted
Payments to pay or permit any Parent Entity to pay any amounts payable in respect of guarantees, indemnities, obligations in respect
of earn-outs or other purchase price adjustments, or similar obligations, incurred in connection with the acquisition or disposition
of any business, assets or Person, as long as such business, assets or Person have been acquired by or disposed of by the Borrower
or a Restricted Subsidiary, or such business, assets or Person (or in the case of a disposition, the Net Cash Proceeds thereof)
have been contributed to the Borrower or a Restricted Subsidiary.

 

provided that (A) in the
case of Subsections 8.2(b)(ii), (v) and (viii), the net amount of any such Permitted Payment shall be included
in subsequent calculations of the amount of Restricted Payments, (B) in all cases other than pursuant to clause (A) immediately
above, the net amount of any such Permitted Payment shall be excluded in subsequent calculations of the amount of Restricted Payments
and (C) solely with respect to Subsection 8.2(b)(vi), Subsection 8.2(b)(xvi)(x) and, solely with respect
to Restricted Payments of the type described in clause (iii) of the definition thereof contained in Subsection 8.2(a), Subsection
8.2(b)(xvi)(y), no Event of Default under Subsection 9.1(a), (c), (e), (f), (h),
(i), (j) or (k) or other Event of Default known to the Borrower shall have occurred and be continuing at the
time of any such Permitted Payment after giving effect thereto. The amount of any Investment or other Restricted Payment, if other
than in cash, shall be as determined in good faith by the Borrower, which determination shall be conclusive. The Borrower, in its
sole discretion, may classify any Investment or other Restricted Payment as being made (x) in part under one of the provisions
of this Subsection 8.2(b) (or, in the case of any Investment, the clauses or subclauses of Permitted Investments) and in
part under one or more other such provisions (or, as applicable, such clauses or subclauses), or (y) in part under Subsection
8.2(a) and in part under one or more of the provisions of this Subsection 8.2 (b) (or, in the case of any Investment,
one or more of such provisions and the clauses or subclauses of Permitted Investments).

 

    	 	- 149 -	 

     

    

 

Notwithstanding any other
provision of this Agreement, this Agreement shall not restrict any redemption or other payment by the Borrower or any Restricted
Subsidiary made as a mandatory principal redemption or other payment in respect of Junior Debt pursuant to an “AHYDO saver”
provision of any agreement or instrument in respect of Junior Debt, and the Borrower’s determination in good faith (which
determination shall be conclusive) of the amount of any such “AHYDO saver” mandatory principal redemption or other
payment shall be conclusive and binding for all purposes under this Agreement.

 

8.3           Limitation
on Restrictive Agreements. The Borrower will not, and will not permit any Restricted Subsidiary to, create or otherwise cause
to exist or become effective any consensual encumbrance or restriction on (i) the ability of the Borrower or any of its
Restricted Subsidiaries (other than any Foreign Subsidiaries or any Excluded Subsidiaries) to create, incur, assume or suffer to
exist any Lien in favor of the Lenders in respect of obligations and liabilities under this Agreement or any other Loan Documents
upon any of its property, assets or revenues constituting Term Loan Priority Collateral as and to the extent contemplated by this
Agreement and the other Loan Documents, whether now owned or hereafter acquired or (ii) the ability of any Restricted Subsidiary
to (x) pay dividends or make any other distributions on its Capital Stock or pay any Indebtedness or other obligations owed
to the Borrower, (y) make any loans or advances to the Borrower or (z) transfer any of its property or assets to
the Borrower (provided that dividend or liquidation priority between classes of Capital Stock, or subordination of any obligation
(including the application of any remedy bars thereto) to any other obligation, will not be deemed to constitute such an encumbrance
or restriction), except any encumbrance or restriction:

 

(a)          pursuant
to an agreement or instrument in effect at or entered into on the Closing Date, this Agreement and the other Loan Documents, the
ABL Facility Documents, the ABL/Term Loan Intercreditor Agreement and, on and after the execution and delivery thereof, any Junior
Lien Intercreditor Agreement, any Other Intercreditor Agreement, any Intercreditor Agreement Supplement, any Permitted Debt Exchange
Notes (and any related documents) and any Additional Obligations Documents;

 

(b)          pursuant
to any agreement or instrument of a Person, or relating to Indebtedness or Capital Stock of a Person, which Person is acquired
by or merged or consolidated with or into the Borrower or any Restricted Subsidiary, or which agreement or instrument is assumed
by the Borrower or any Restricted Subsidiary in connection with an acquisition of assets from such Person or any other transaction
entered into in connection with any such acquisition, merger or consolidation, as in effect at the time of such acquisition, merger,
consolidation or transaction (except to the extent that such Indebtedness was incurred to finance, or otherwise in connection with,
such acquisition, merger, consolidation or transaction); provided that for purposes of this Subsection 8.3(b), if
a Person other than the Borrower is the Successor Borrower with respect thereto, any Subsidiary thereof or agreement or instrument
of such Person or any such Subsidiary shall be deemed acquired or assumed, as the case may be, by the Borrower or a Restricted
Subsidiary, as the case may be, when such Person becomes such Successor Borrower;

 

    	 	- 150 -	 

     

    

 

(c)          pursuant
to an agreement or instrument (a “Refinancing Agreement”) effecting a refinancing of Indebtedness Incurred or
outstanding pursuant or relating to, or that otherwise extends, renews, refunds, refinances or replaces, any agreement or instrument
referred to in Subsection 8.3(a) or (b) or this Subsection 8.3(c) (an “Initial Agreement”)
or that is, or is contained in, any amendment, supplement or other modification to an Initial Agreement or Refinancing Agreement
(an “Amendment”); provided, however, that the encumbrances and restrictions contained in any such
Refinancing Agreement or Amendment taken as a whole are not materially less favorable to the Lenders than encumbrances and restrictions
contained in the Initial Agreement or Initial Agreements to which such Refinancing Agreement or Amendment relates (as determined
in good faith by the Borrower, which determination shall be conclusive);

 

(d)          (i)
pursuant to any agreement or instrument that restricts in a customary manner (as determined by the Borrower in good faith, which
determination shall be conclusive) the assignment or transfer thereof, or the subletting, assignment or transfer of any property
or asset subject thereto, (ii) by virtue of any transfer of, agreement to transfer, option or right with respect to, or
Lien on, any property or assets of the Borrower or any Restricted Subsidiary not otherwise prohibited by this Agreement, (iii)
contained in mortgages, pledges or other security agreements securing Indebtedness or other obligations of the Borrower or a Restricted
Subsidiary to the extent restricting the transfer of the property or assets subject thereto, (iv) pursuant to customary
provisions (as determined by the Borrower in good faith, which determination shall be conclusive) restricting dispositions of real
property interests set forth in any reciprocal easement agreements of the Borrower or any Restricted Subsidiary, (v) pursuant
to Purchase Money Obligations that impose encumbrances or restrictions on the property or assets so acquired, (vi) on cash
or other deposits or net worth or inventory imposed by customers or suppliers under agreements entered into in the ordinary course
of business, (vii) pursuant to customary provisions (as determined by the Borrower in good faith, which determination shall
be conclusive) contained in agreements and instruments entered into in the ordinary course of business (including but not limited
to leases and licenses) or in joint venture and other similar agreements or in shareholder, partnership, limited liability company
and other similar agreements in respect of non-wholly owned Restricted Subsidiaries, (viii) that arises or is agreed to
in the ordinary course of business and does not detract from the value of property or assets of the Borrower or any Restricted
Subsidiary in any manner material to the Borrower or such Restricted Subsidiary or (ix) pursuant to Hedging Obligations
or Bank Products Obligations;

 

(e)          with
respect to any agreement for the direct or indirect disposition of Capital Stock, property or assets of any Person, imposing restrictions
with respect to such Person, Capital Stock, property or assets pending the closing of such disposition;

 

    	 	- 151 -	 

     

    

 

(f)          by
reason of any applicable law, rule, regulation or order, or required by any regulatory authority having jurisdiction over the Borrower
or any Restricted Subsidiary or any of their businesses, including any such law, rule, regulation, order or requirement applicable
in connection with such Restricted Subsidiary’s status (or the status of any Subsidiary of such Restricted Subsidiary) as
a Captive Insurance Subsidiary;

 

(g)          pursuant
to an agreement or instrument (i) relating to any Indebtedness permitted to be Incurred subsequent to the Closing Date pursuant
to Subsection 8.1 (x) if the encumbrances and restrictions contained in any such agreement or instrument taken as
a whole are not materially less favorable to the Lenders than the encumbrances and restrictions contained in the Initial Agreements
(as determined in good faith by the Borrower, which determination shall be conclusive), or (y) if such encumbrance or restriction
is not materially more disadvantageous to the Lenders than is customary in comparable financings (as determined in good faith by
the Borrower, which determination shall be conclusive) and either (1) the Borrower determines in good faith, which determination
shall be conclusive, that such encumbrance or restriction will not materially affect the Borrower’s ability to create and
maintain the Liens on the Term Loan Priority Collateral pursuant to the Security Documents and make principal or interest payments
on the Term Loans or (2) such encumbrance or restriction applies only if a default occurs under a circumstance described
in Subsection 9.1(f) or in respect of a payment or financial covenant relating to such Indebtedness, (ii) relating
to any sale of receivables by or Indebtedness of a Foreign Subsidiary or (iii) relating to Indebtedness of or a Financing
Disposition by or to or in favor of any Special Purpose Entity;

 

(h)          any
agreement relating to intercreditor arrangements and related rights and obligations, to or by which the Lenders and/or the Administrative
Agent, the Collateral Agent or any other agent, trustee or representative on their behalf may be party or bound at any time or
from time to time, and any agreement providing that in the event that a Lien is granted for the benefit of the Lenders another
Person shall also receive a Lien, which Lien is permitted by Subsection 8.6; or

 

(i)          any
agreement governing or relating to Indebtedness and/or other obligations and liabilities secured by a Lien permitted by Subsection
8.6 (in which case any restriction shall only be effective against the assets subject to such Lien, except as may be otherwise
permitted under this Subsection 8.3).

 

8.4           Limitation
on Sales of Assets and Subsidiary Stock. (a) The Borrower will not, and will not permit any Restricted Subsidiary to, make
any Asset Disposition unless:

 

(i)          the
Borrower or such Restricted Subsidiary receives consideration (including by way of relief from, or by any other Person assuming
responsibility for, any liabilities, contingent or otherwise) at the time of such Asset Disposition at least equal to the fair
market value (as of the date on which a legally binding commitment for such Asset Disposition was entered into) of the shares and
assets subject to such Asset Disposition, as such fair market value may be determined (and shall be determined, to the extent such
Asset Disposition or any series of related Asset Dispositions involves aggregate consideration in excess of $25,000,000) in good
faith by the Borrower, whose determination shall be conclusive (including as to the value of all non-cash consideration);

 

    	 	- 152 -	 

     

    

 

(ii)         in
the case of any Asset Disposition (or series of related Asset Dispositions) having a fair market value (as determined by the Borrower
in good faith, which determination shall be conclusive, as of the date on which a legally binding commitment for such Asset Disposition
was entered into) of $25,000,000 or more, at least 75.0% of the consideration (excluding, in the case of an Asset Disposition
(or series of related Asset Dispositions), any consideration by way of relief from, or by any other Person assuming responsibility
for, any liabilities, contingent or otherwise, that are not Indebtedness) for such Asset Disposition, together with all other Asset
Dispositions since the Closing Date (on a cumulative basis), received by the Borrower or any Restricted Subsidiary, is in the form
of cash; and

 

(iii)        to
the extent required by Subsection 8.4(b), an amount equal to 100.0% of the Net Available Cash from such Asset Disposition
is applied by the Borrower (or any Restricted Subsidiary, as the vase may be) as provided therein.

 

(b)          In
the event that on or after the Closing Date the Borrower or any Restricted Subsidiary shall make an Asset Disposition or a Recovery
Event in respect of Collateral shall occur, subject to the last proviso of this Subsection 8.4(b), an amount equal to 100.0%
(as may be adjusted pursuant to such proviso) of the Net Available Cash from such Asset Disposition or Recovery Event (such amount,
the “Net Available Cash Amount”) shall be applied by the Borrower (or any Restricted Subsidiary, as the case
may be) as follows:

 

(i)          first,
either (x) if the Borrower or such Restricted Subsidiary elects, to the extent such Asset Disposition or Recovery Event
is an Asset Disposition or Recovery Event of assets that constitute ABL Priority Collateral, to purchase, redeem, repay or prepay,
to the extent the Borrower or any Restricted Subsidiary is required by the terms thereof, Indebtedness under the Senior ABL Facility
or (in the case of letters of credit, bankers’ acceptances or other similar instruments issued thereunder) cash collateralize
any such Indebtedness within the time period required by such Indebtedness after the later of the date of such Asset Disposition
or Recovery Event, as the case may be, and the date of receipt of such Net Available Cash or (y) to the extent the Borrower
or such Restricted Subsidiary elects (by delivery of an officer’s certificate by a Responsible Officer to the Administrative
Agent) to invest in Additional Assets (including by means of an investment in Additional Assets by a Restricted Subsidiary with
an amount equal to Net Available Cash received by the Borrower or another Restricted Subsidiary) within (x) 450 days after
the later of the date of such Asset Disposition or Recovery Event, as the case may be, and the date of receipt of such Net Available
Cash (such period the “Reinvestment Period”) or (y) if such investment in Additional Assets is a project
authorized by the Board of Directors that will take longer than such 450 days to complete and is subject to a binding written commitment
entered into during the Reinvestment Period, an additional 180 days after the last day of the Reinvestment Period (it being understood
and agreed that if no such investment is made within the Reinvestment Period as extended by this clause (y), the Borrower shall
make the prepayments required by Subsection 8.4(b)(ii) within ten Business Days after the earlier to occur of (I)
the last day of such Reinvestment Period as extended by this clause (y) and (II) the date the Borrower elects not to pursue
such investment);

 

    	 	- 153 -	 

     

    

 

(ii)         second,
(1) if no application of Net Available Cash Amount election is made pursuant to the preceding clause (i) with respect to
such Asset Disposition or Recovery Event or (2) if such election is made to the extent of the balance of such Net Available
Cash Amount after application in accordance with Subsection 8.4(b)(i), within ten Business Days after the end of the Reinvestment
Period specified in clause (i) above (as extended pursuant to clause (y) of such clause (i)), (x) to the extent such Asset
Disposition or Recovery Event is an Asset Disposition or Recovery Event of assets that constitute Collateral, to purchase, redeem,
repay, prepay, make an offer to prepay or repurchase, or deliver a notice of redemption, in accordance with Subsection 4.4(b)(i)
(subject to Subsection 4.4(d)) or the agreements or instruments governing the relevant Indebtedness described in clause
(B) below (subject to any provision under such agreement or instrument analogous to Subsection 4.4(d)), as applicable, (A)
the Term Loans and (B) to the extent the Borrower or any Restricted Subsidiary is required by the terms thereof any Pari
Passu Indebtedness on no more than a pro rata basis with the Term Loans and (y) to the extent such Asset Disposition is
an Asset Disposition of assets that do not constitute Collateral, to purchase, redeem, repay, prepay, make an offer to prepay or
repurchase, or deliver a notice of redemption, in accordance with Subsection 4.4(b)(i) (subject to Subsection 4.4(d))
or the agreements or instruments governing any relevant Indebtedness permitted under Subsection 8.1 (subject to any provision
under such agreement or instrument analogous to Subsection 4.4(d)), as applicable, (A) the Term Loans and (B)
to the extent the Borrower or any Restricted Subsidiary is required by the terms thereof, any other Indebtedness (other than Indebtedness
subordinated in right of payment to the Term Loan Facility Obligations) on no more than a pro rata basis with the Term Loans; and

 

(iii)        third,
to the extent of the balance of such Net Available Cash Amount after application in accordance with Subsections 8.4(b)(i)
and (ii) above (including an amount equal to the amount of any prepayment otherwise contemplated by clause (ii) above in
connection with such Asset Disposition or Recovery Event that is declined by any Lender), to fund (to the extent consistent with
any other applicable provision of this Agreement) any general corporate purpose (which may include the repurchase, repayment or
other acquisition or retirement of any Junior Debt or the making of other Restricted Payments);

 

provided,
however, that (1) in connection with any prepayment, repayment, purchase or redemption of Indebtedness pursuant
to clause (ii) above, the Borrower or such Restricted Subsidiary will retire such Indebtedness and will cause the related loan
commitment (if any) to be permanently reduced in an amount equal to the principal amount so prepaid, repaid, purchased or redeemed;
(2) the Borrower (or any Restricted Subsidiary, as the case may be) may elect to invest in Additional Assets prior to receiving
the Net Available Cash attributable to any given Asset Disposition (provided that, such investment shall be made no earlier
than the earliest of notice of the relevant Asset Disposition to the Administrative Agent, execution of a definitive agreement
for the relevant Asset Disposition, and consummation of the relevant Asset Disposition) and deem the amount so invested to be applied
pursuant to and in accordance with Subsection 8.4(b)(i) above with respect to such Asset Disposition; and (3) the
percentage first set forth above in this Subsection 8.4(b) shall be reduced to (x) 50.0% if the Consolidated
Secured Leverage Ratio at the time of such Asset Disposition (or, at the Borrower’s option, on the date a legally binding
commitment for such Asset Disposition was entered into) or Recovery Event would be less than or equal to 2.25:1.00 or (y)
0.0% if the Consolidated Secured Leverage Ratio at the time of such Asset Disposition (or, at the Borrower’s option, on the
date a legally binding commitment for such Asset Disposition was entered into) or Recovery Event would be less than or equal to
2.00:1.00, in each case, after giving pro forma effect thereto and to any application of Net Available Cash as set forth herein
(any Net Available Cash in respect of such Asset Dispositions not required to be applied in accordance with this Subsection
8.4(b) as a result of the application of this proviso shall collectively constitute “Leverage Excess Proceeds”).

 

    	 	- 154 -	 

     

    

 

(c)          Notwithstanding
the foregoing provisions of this Subsection 8.4, the Borrower and the Restricted Subsidiaries shall not be required to apply
any Net Available Cash or equivalent amount in accordance with this Subsection 8.4 except to the extent that (x)
the aggregate Net Available Cash Amount from all Asset Dispositions and Recovery Events in respect of Collateral that is not applied
in accordance with this Subsection 8.4 (excluding all Leverage Excess Proceeds) exceeds $15,00,000, in which case the Borrower
and the Restricted Subsidiaries shall apply all of such Net Available Cash Amount from such Asset Dispositions and Recovery Events
in accordance with Subsection 8.4(b) or (y) the terms of any Pari Passu Indebtedness would require Net Available
Cash from such Asset Dispositions and Recovery Events or the equivalent amount to be applied to purchase, redeem, repay or prepay
such Indebtedness prior to reaching such $15,000,000 threshold.

 

(d)          For
the purposes of Subsection 8.4(a)(ii), the following are deemed to be cash: (1) Temporary Cash Investments and Cash
Equivalents, (2) the assumption of Indebtedness of the Borrower (other than Disqualified Stock of the Borrower) or any Restricted
Subsidiary and the release of the Borrower or such Restricted Subsidiary from all liability on payment of the principal amount
of such Indebtedness in connection with such Asset Disposition, (3) Indebtedness of any Restricted Subsidiary that is no
longer a Restricted Subsidiary as a result of such Asset Disposition, to the extent that the Borrower and each other Restricted
Subsidiary are released from any Guarantee of payment of the principal amount of such Indebtedness in connection with such Asset
Disposition, (4) securities received by the Borrower or any Restricted Subsidiary from the transferee that are converted
by the Borrower or such Restricted Subsidiary into cash within 180 days, (5) consideration consisting of Indebtedness of
the Borrower or any Restricted Subsidiary, (6) Additional Assets, and (7) any Designated Noncash Consideration received
by the Borrower or any of its Restricted Subsidiaries in an Asset Disposition having an aggregate Fair Market Value, taken together
with all other Designated Noncash Consideration received pursuant to this clause (7), not to exceed an aggregate amount at any
time outstanding equal to the greater of $50,000,000 and 30% of Consolidated Four Quarter EBITDA (with the Fair Market Value of
each item of Designated Noncash Consideration being measured on the date a legally binding commitment for such Asset Disposition
(or, if later, for the payment of such item) was entered into and without giving effect
to subsequent changes in value).

 

    	 	- 155 -	 

     

    

 

8.5           Limitations
on Transactions with Affiliates. (a) The Borrower will not, and will not permit any Restricted Subsidiary to, directly or indirectly,
enter into or conduct any transaction or series of related transactions (including the purchase, sale, lease or exchange of any
property or the rendering of any service) with any Affiliate of the Borrower (an “Affiliate Transaction”) involving
aggregate consideration in excess of $15,000,000 unless (i) the terms of such Affiliate Transaction are not materially less
favorable to the Borrower or such Restricted Subsidiary, as the case may be, than those that could be obtained at the time in a
transaction with a Person who is not such an Affiliate and (ii) if such Affiliate Transaction involves aggregate consideration
in excess of $25,000,000 the terms of such Affiliate Transaction have been approved by a majority of the Board of Directors. For
purposes of this Subsection 8.5(a), any Affiliate Transaction shall be deemed to have satisfied the requirements set forth
in this Subsection 8.5(a) if (x) such Affiliate Transaction is approved by a majority of the Disinterested Directors
or (y) in the event there are no Disinterested Directors, a fairness opinion is provided by a nationally recognized appraisal
or investment banking firm with respect to such Affiliate Transaction.

 

(b)          The
provisions of Subsection 8.5(a) will not apply to:

 

(i)          any
Restricted Payment Transaction,

 

(ii)         (1)
the entering into, maintaining or performance of any employment or consulting contract, collective bargaining agreement, benefit
plan, program or arrangement, related trust agreement or any other similar arrangement for or with any current or former management
member, employee, officer or director or consultant of or to the Borrower, any Restricted Subsidiary or any Parent Entity heretofore
or hereafter entered into in the ordinary course of business, including vacation, health, insurance, deferred compensation, severance,
retirement, savings or other similar plans, programs or arrangements, (2) payments, compensation, performance of indemnification
or contribution obligations, the making or cancellation of loans in the ordinary course of business to any such management members,
employees, officers, directors or consultants, (3) any issuance, grant or award of stock, options, other equity related
interests or other securities, to any such management members, employees, officers, directors or consultants, (4) the payment
of reasonable fees to directors of the Borrower or any of its Subsidiaries or any Parent Entity (as determined in good faith by
the Borrower, such Subsidiary or such Parent Entity, which determination shall be conclusive), or (5) Management Advances
and payments in respect thereof (or in reimbursement of any expenses referred to in the definition of such term),

 

(iii)        any
transaction between or among any of the Borrower, one or more Restricted Subsidiaries, or one or more Special Purpose Entities,

 

(iv)         any
transaction arising out of agreements or instruments in existence on the Closing Date and set forth on Schedule 8.5 (other
than any 2009 Transaction Documents referred to in Subsection 8.5(b)(vii)), or any amendment thereto (so long as such amendment
is not disadvantageous in any material respect in the good faith judgment of the Borrower, whose determination shall be conclusive,
to the Lenders when taken as a whole as compared to the applicable agreement or instrument as in effect on the Closing Date), and
any payments made pursuant thereto,

 

    	 	- 156 -	 

     

    

 

(v)          any
transaction in the ordinary course of business on terms that are fair to the Borrower and its Restricted Subsidiaries in the reasonable
determination of the Board of Directors or senior management of the Borrower, or are not materially less favorable to the Borrower
or the relevant Restricted Subsidiary than those that could be obtained at the time in a transaction with a Person who is not an
Affiliate of the Borrower,

 

(vi)         any
transaction in the ordinary course of business, or approved by a majority of the Board of Directors, between the Borrower or any
Restricted Subsidiary and any Affiliate of the Borrower controlled by the Borrower that is a joint venture or similar entity,

 

(vii)        (1)
the execution, delivery and performance of any Tax Sharing Agreement and any 2009 Transaction Document, and (2) payments
to CD&R or any of its Affiliates (x) for any management, monitoring, consulting and advisory fees and related expenses
as may be approved by a majority of the Disinterested Directors, (y) in connection with any acquisition, disposition, merger,
recapitalization or similar transactions, which payments are made pursuant to the Transaction Agreements or are approved by a majority
of the Board of Directors in good faith, which determination shall be conclusive, and (z) of all out-of-pocket expenses
incurred in connection with such services or activities,

 

(viii)      the
Transactions, all transactions in connection therewith (including but not limited to the financing thereof), and all fees and expenses
paid or payable in connection with the Transactions, including the fees and out-of-pocket expenses of CD&R and its Affiliates,

 

(ix)         any
issuance or sale of Capital Stock (other than Disqualified Stock) of the Borrower or Junior Capital or any capital contribution
to the Borrower,

 

(x)          (i)
any investment by any CD&R Investor in securities or loans of the Borrower or any of its Restricted Subsidiaries (and payment
of out-of-pocket expenses incurred by any CD&R Investor in connection therewith) so long as such investments are being offered
generally to investors (other than CD&R Investors) on the same or more favorable terms and (ii) payments to any CD&R
Investor in respect of securities or loans of the Borrower or any of its Restricted Subsidiaries contemplated in the foregoing
subclause (i) or that were acquired from Persons other than the Borrower and its Restricted Subsidiaries, in each case, in accordance
with the terms of such securities or loans, and

 

(xi)         the
pledge of Capital Stock, Indebtedness or other securities of any Unrestricted Subsidiary or joint venture to lenders to support
the Indebtedness or other obligations of such Unrestricted Subsidiary or joint venture, respectively, owed to such lenders.

 

    	 	- 157 -	 

     

    

 

8.6           Limitation
on Liens. The Borrower shall not, and shall not permit any Restricted Subsidiary to, directly or indirectly, create or permit
to exist any Lien (other than Permitted Liens) on any of its property or assets (including Capital Stock of any other Person),
whether owned on the Closing Date or thereafter acquired, securing any Indebtedness (the “Initial Lien”) unless,
in the case of Initial Liens on any asset or property other than Collateral, the Term Loan Facility Obligations are equally and
ratably secured with (or on a senior basis to, in the case such Initial Lien secures any Junior Debt) the obligations secured by
such Initial Lien for so long as such obligations are so secured. Any such Lien created in favor of the Term Loan Facility Obligations
pursuant to the preceding sentence requiring an equal and ratable (or senior, as applicable) Lien for the benefit of the Term Loan
Facility Obligations will be automatically and unconditionally released and discharged upon (i) the release and discharge
of the Initial Lien to which it relates, (ii) in the case of any such Lien in favor of any Subsidiary Guaranty, the termination
and discharge of such Subsidiary Guaranty in accordance with the terms thereof, hereof and of the ABL/Term Loan Intercreditor Agreement,
any Junior Lien Intercreditor Agreement and any Other Intercreditor Agreement, in each case, to the extent applicable, or (iii)
any sale, exchange or transfer (other than a transfer constituting a transfer of all or substantially all of the assets of the
Borrower that is governed by the provisions of Subsection 8.7) to any Person not an Affiliate of the Borrower of the property
or assets secured by such Initial Lien, or of all of the Capital Stock held by the Borrower or any Restricted Subsidiary in, or
all or substantially all the assets of, any Restricted Subsidiary creating such Initial Lien.

 

8.7           Limitation
on Fundamental Changes. (a) The Borrower will not consolidate with or merge with or into, or convey, lease or otherwise transfer
all or substantially all its assets to, any Person, unless:

 

(i)          the
resulting, surviving or transferee Person (the “Successor Borrower”) will be a Person organized and existing
under the laws of the United States of America, any State thereof or the District of Columbia and the Successor Borrower (if not
the Borrower) will expressly assume all the obligations of the Borrower under this Agreement and the Loan Documents to which it
is a party by executing and delivering to the Administrative Agent a joinder or one or more other documents or instruments in form
reasonably satisfactory to the Administrative Agent;

 

(ii)         immediately
after giving effect to such transaction (and treating any Indebtedness that becomes an obligation of the Successor Borrower or
any Restricted Subsidiary as a result of such transaction as having been Incurred by the Successor Borrower or such Restricted
Subsidiary at the time of such transaction), no Default will have occurred and be continuing;

 

(iii)        immediately
after giving effect to such transaction, either (A) the Borrower (or, if applicable, the Successor Borrower with respect
thereto) could Incur at least $1.00 of additional Indebtedness pursuant to Subsection 8.1(a) or (B) the Consolidated
Coverage Ratio of the Borrower (or, if applicable, the Successor Borrower with respect thereto) would equal or exceed the Consolidated
Coverage Ratio of the Borrower immediately prior to giving effect to such transaction;

 

    	 	- 158 -	 

     

    

 

(iv)         each
Subsidiary Guarantor (other than (x) any Subsidiary Guarantor that will be released from its obligations under its Subsidiary
Guaranty in connection with such transaction and (y) any party to any such consolidation or merger) shall have delivered
a joinder or other document or instrument in form reasonably satisfactory to the Administrative Agent, confirming its Subsidiary
Guaranty (other than any Subsidiary Guaranty that will be discharged or terminated in connection with such transaction);

 

(v)          each
Subsidiary Guarantor (other than (x) any Subsidiary that will be released from its grant or pledge of Collateral under the
Guarantee and Collateral Agreement in connection with such transaction and (y) any party to any such consolidation or merger)
shall have by a supplement to the Guarantee and Collateral Agreement or another document or instrument affirmed that its obligations
thereunder shall apply to its Guarantee as reaffirmed pursuant to clause (iv) above;

 

(vi)         each
grantor or mortgagor of a Mortgaged Fee Property (other than (x) any Subsidiary that will be released from its grant or
pledge of Collateral under the Guarantee and Collateral Agreement in connection with such transaction and (y) any party
to any such consolidation or merger) shall have affirmed that its obligations under the applicable Mortgage shall apply to its
Guarantee as reaffirmed pursuant to clause (iv) above; and

 

(vii)        the
Borrower will have delivered to the Administrative Agent a certificate signed by a Responsible Officer and a legal opinion, each
to the effect that such consolidation, merger or transfer complies with the provisions described in this Subsection 8.7(a);
provided that (x) in giving such opinion such counsel may rely on such certificate of a Responsible Officer as to
compliance with the foregoing clauses (ii) and (iii) of this Subsection 8.7(a) and as to any matters of fact, and (y)
no such legal opinion will be required for a consolidation, merger or transfer described in Subsection 8.7(d).

 

(b)          Any
Indebtedness that becomes an obligation of the Borrower (including by reason of a Successor Borrower becoming the Borrower) or
any Restricted Subsidiary (or that is deemed to be Incurred by any Restricted Subsidiary that becomes a Restricted Subsidiary)
as a result of any such transaction undertaken in compliance with this Subsection 8.7, and any Refinancing Indebtedness
with respect thereto, shall be deemed to have been Incurred in compliance with Subsection 8.1.

 

(c)          Upon
any transaction involving the Borrower in accordance with Subsection 8.7(a) in which the Borrower is not the Successor Borrower,
the Successor Borrower will succeed to, and be substituted for, and may exercise every right and power of, the Borrower under the
Loan Documents, and shall become the “Borrower” for all purposes of Loan Documents, and thereafter the predecessor
Borrower shall be relieved of all obligations and covenants under the Loan Documents, and shall cease to constitute the “Borrower”
for all purposes of the Loan Documents, except that the predecessor Borrower in the case of a lease of all or substantially all
its assets will not be released from the obligation to pay the principal of and interest on the Term Loans.

 

    	 	- 159 -	 

     

    

 

(d)          Clauses
(ii) and (iii) of Subsection 8.7(a) will not apply to any transaction in which (I) the Borrower consolidates or merges
with or into or transfers all or substantially all its properties and assets to (x) an Affiliate incorporated or organized
for the purpose of reincorporating or reorganizing the Borrower in another jurisdiction or changing its legal structure to a corporation,
limited liability company or other entity or (y) a Restricted Subsidiary of the Borrower so long as all assets of the Borrower
and the Restricted Subsidiaries immediately prior to such transaction (other than Capital Stock of such Restricted Subsidiary)
are owned by such Restricted Subsidiary and its Restricted Subsidiaries immediately after the consummation thereof or (II)
an Escrow Subsidiary merges with and into the Borrower. Subsection 8.7(a) will not apply to any transaction in which any
Restricted Subsidiary consolidates with, merges into or transfers all or part of its assets to the Borrower.

 

8.8           Change
of Control; Limitation on Amendments. The Borrower shall not and shall not permit any of its Restricted Subsidiaries to, directly
or indirectly:

 

(a)          In
the event of the occurrence of a Change of Control, repurchase or repay any Indebtedness then outstanding pursuant to any Junior
Debt or any portion thereof, unless the Borrower shall have, at its option, (i) made payment in full of the Term Loans
and any other amounts then due and owing to any Lender or the Administrative Agent hereunder and under any Note or (ii) made
an offer (a “Change of Control Offer”) to pay the Term Loans and any amounts then due and owing to each Lender
and the Administrative Agent hereunder and under any Note and shall have made payment in full thereof to each such Lender or the
Administrative Agent which has accepted such offer. Upon the Borrower making payment in full of the Term Loans as provided in clause
(i) of this Subsection 8.8(a), or making a Change of Control Offer in accordance with clause (ii) of this Subsection
8.8(a) (whether or not in connection with any repayment or repurchase of Indebtedness outstanding pursuant to Junior Debt),
any Event of Default arising under Subsection 9.1(k) by reason of such Change of Control shall be deemed not to have
occurred or be continuing.

 

(b)          If
an Event of Default under Subsection 9.1(a) or (f) is continuing, amend, supplement, waive or otherwise modify any
of the provisions of any indenture, instrument or agreement evidencing Subordinated Obligations or Guarantor Subordinated Obligations
in a manner that (i) changes the subordination provisions of such Indebtedness or (ii) shortens the maturity date
of such Indebtedness to a date prior to the Initial Term Loan Maturity Date or provides for a shorter weighted average life to
maturity than the remaining weighted average life to maturity of the Initial Term Loans; provided that, notwithstanding
the foregoing, the provisions of this Subsection 8.8(b) shall not restrict or prohibit any refinancing of Indebtedness (in
whole or in part) permitted pursuant to Subsection 8.1.

 

(c)          Amend,
supplement, waive or otherwise modify the terms of any Permitted Debt Exchange Notes, any Additional Obligations or any Refinancing
Indebtedness in respect of the foregoing or any indenture or agreement pursuant to which such Permitted Debt Exchange Notes, Additional
Obligations or Refinancing Indebtedness have been issued or incurred in any manner inconsistent with the requirements of the definition
of “Refinancing Indebtedness”, assuming for purposes of this Subsection 8.8(c) that such amendment, supplement,
waiver or modification, mutatis mutandis, is a refinancing of such Additional Obligations,
Permitted Debt Exchange Notes or Refinancing Indebtedness, as applicable.

 

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8.9           Limitation
on Lines of Business. The Borrower shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly,
enter into any business, either directly or through any Restricted Subsidiary, except for those businesses of the same general
type as those in which the Borrower and its Restricted Subsidiaries are engaged in on the Closing Date or which are reasonably
related thereto and any business related thereto.

 

SECTION 9

 

Events of Default

 

9.1           Events
of Default. Any of the following from and after the Closing Date shall constitute an event of default:

 

(a)          The
Borrower shall fail to pay any principal of any Loan when due in accordance with the terms hereof (whether at stated maturity,
by mandatory prepayment or otherwise); or the Borrower shall fail to pay any interest on any Loan or any other amount payable hereunder,
within five Business Days after any such interest or other amount becomes due in accordance with the terms hereof; or

 

(b)          Any
representation or warranty made or deemed made by any Loan Party herein or in any other Loan Document (or in any amendment, modification
or supplement hereto or thereto) or which is contained in any certificate furnished at any time by or on behalf of any Loan Party
pursuant to this Agreement or any such other Loan Document shall prove to have been incorrect in any material respect on or as
of the date made or deemed made, and for the failure of any representation or warranty that is capable of being cured (as determined
in good faith by the Borrower, which determination shall be conclusive), such default shall continue unremedied for a period of
30 days after the earlier of (A) the date on which a Responsible Officer of the Borrower becomes aware of such failure and
(B) the date on which written notice thereof shall have been given to the Borrower by the Administrative Agent or the Required
Lenders; or

 

(c)          Any
Loan Party shall default in the payment, observance or performance of any term, covenant or agreement contained in Section 8;
or

 

(d)          Any
Loan Party shall default in the observance or performance of any other agreement contained in this Agreement or any other Loan
Document (other than as provided in clauses (a) through (c) of this Subsection 9.1), and such default shall continue unremedied
for a period of, in the case of a default with respect to failure to deliver financial statements under Subsection 7.1 or
related certificates under Subsection 7.2, 180 days, and in the case of any other default, 30 days, in each case after the
earlier of (A) the date on which a Responsible Officer of the Borrower becomes aware of such failure and (B) the
date on which written notice thereof shall have been given to the Borrower by the Administrative Agent or the Required Lenders;
or

 

    	 	- 161 -	 

     

    

 

(e)          Any
Loan Party or any of its Restricted Subsidiaries shall (i) default in (x) any payment of principal of or interest
on any Indebtedness (excluding Indebtedness hereunder) in excess of $25,000,000 or (y) in the payment of any Guarantee Obligation
in excess of $25,000,000 in respect of any such Indebtedness (excluding Indebtedness hereunder), beyond the period of grace, if
any, provided in the instrument or agreement under which such Indebtedness or Guarantee Obligation was created; or (ii)
default in the observance or performance of any other agreement or condition relating to any Indebtedness (excluding Indebtedness
hereunder) or Guarantee Obligation referred to in clause (i) above or contained in any instrument or agreement evidencing, securing
or relating thereto (other than a failure to provide notice of a default or an event of default under such instrument or agreement
or default in the observance of or compliance with any financial maintenance covenant), or any other event shall occur or condition
exist, the effect of which default or other event or condition is to cause, or to permit the holder or holders of such Indebtedness
or beneficiary or beneficiaries of such Guarantee Obligation (or a trustee or agent on behalf of such holder or holders or beneficiary
or beneficiaries) to cause, with the giving of notice or lapse of time if required, such Indebtedness to become due prior to its
stated maturity or such Guarantee Obligation to become payable (an “Acceleration”; and the term “Accelerated”
shall have a correlative meaning), and such time shall have lapsed and, if any notice (a “Default Notice”) shall
be required to commence a grace period or declare the occurrence of an event of default before notice of Acceleration may be delivered,
such Default Notice shall have been given and, in the case of any such Indebtedness under the Senior ABL Facility or, in the case
of clause (y) below, any instrument or agreement relating to Indebtedness or Guarantee Obligations referred to in clause (i) above
containing or otherwise requiring observance or compliance with any financial maintenance covenant only, either (x) such
default (if other than a default in the observance or performance of a financial maintenance covenant) remains unremedied and not
waived by or on behalf of such holder or holders of such Indebtedness for a period of 60 days or (y) such Indebtedness under
the Senior ABL Facility or (with respect to observance or compliance with respect to any financial maintenance covenant only) such
other instrument or agreement containing or otherwise requiring observance or compliance with any financial maintenance covenant
shall have been Accelerated and such Acceleration shall not have been rescinded (provided that this clause (ii) shall not
apply to (x) secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or
assets securing such Indebtedness, if such sale or transfer is permitted hereunder or (y) any termination event or
similar event pursuant to the terms of any Hedge Agreement) and (in the case of either preceding clause (i) or (ii)) such default,
event or condition shall not have been remedied or waived by or on behalf of the holder or holders of such Indebtedness or beneficiary
or beneficiaries of such Guarantee Obligation; or

 

    	 	- 162 -	 

     

    

 

(f)          If
(i) the Borrower or any Material Subsidiaries of the Borrower shall commence any case, proceeding or other action (A)
under any existing or future law of any jurisdiction, domestic or foreign, relating to bankruptcy, insolvency, reorganization or
relief of debtors, seeking to have an order for relief entered with respect to it, or seeking to adjudicate it a bankrupt or insolvent,
or seeking reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition or other relief with respect
to it or its debts (excluding, in each case, the solvent liquidation or reorganization of any Foreign Subsidiary of the Borrower
that is not a Loan Party), or (B) seeking appointment of a receiver, interim receiver, receivers, receiver and manager,
trustee, custodian, conservator or other similar official for it or for all or any substantial part of its assets, or the Borrower
or any Material Subsidiaries of the Borrower shall make a general assignment for the benefit of its creditors; or (ii) there
shall be commenced against the Borrower or any Material Subsidiaries of the Borrower any case, proceeding or other action of a
nature referred to in clause (i) above which (A) results in the entry of an order for relief, moratorium or any such adjudication
or appointment or (B) remains undismissed, undischarged, unstayed or unbonded for a period of 60 days; or (iii) there
shall be commenced against the Borrower or any Material Subsidiaries of the Borrower any case, proceeding or other action seeking
issuance of a warrant of attachment, execution, distraint or similar process against all or any substantial part of its assets
which results in the entry of an order for any such relief which shall not have been vacated, discharged, stayed or bonded pending
appeal within 60 days from the entry thereof; or (iv) the Borrower or any Material Subsidiaries of the Borrower shall take
any corporate or other similar organizational action in furtherance of, or indicating its consent to, approval of, or acquiescence
in, any of the acts set forth in clause (i), (ii), or (iii) above; or (v) the Borrower or any Material Subsidiaries of the
Borrower shall be generally unable to, or shall admit in writing its general inability to, pay its debts as they become due; or

 

(g)          (i)
Any Person shall engage in any “prohibited transaction” (as defined in Section 406 of ERISA or Section 4975 of the
Code) involving any Plan, (ii) any failure to satisfy the minimum funding standard (within the meaning of Section 412 of
the Code or Section 302 of ERISA), whether or not waived, shall exist with respect to any Plan or any Lien in favor of the PBGC
or a Plan shall arise on the assets of either of the Borrower or any Commonly Controlled Entity, (iii) a Reportable Event
shall occur with respect to, or proceedings shall commence to have a trustee appointed, or a trustee shall be appointed, to administer
or to terminate, any Single Employer Plan, which Reportable Event or commencement of proceedings or appointment of a trustee is
in the reasonable opinion of the Administrative Agent likely to result in the termination of such Plan for purposes of Title IV
of ERISA, (iv) any Single Employer Plan shall terminate for purposes of Title IV of ERISA other than a standard termination
pursuant to Section 4041(b) of ERISA, (v) either of the Borrower or any Commonly Controlled Entity shall, or in the reasonable
opinion of the Administrative Agent is reasonably likely to, incur any liability in connection with a withdrawal from, or the Insolvency
of, a Multiemployer Plan, or (vi) any other event or condition shall occur or exist with respect to a Plan; and in each
case in clauses (i) through (vi) above, such event or condition, together with all other such events or conditions described in
clauses (i) through (vi) above, if any, would be reasonably expected to result in a Material Adverse Effect; or

 

(h)          One
or more judgments or decrees shall be entered against the Borrower or any of its Restricted Subsidiaries involving in the aggregate
at any time a liability (net of any insurance or indemnity payments actually received in respect thereof prior to or within 60
days from the entry thereof, or to be received in respect thereof in the event any appeal thereof shall be unsuccessful) of $25,000,000
or more, and all such judgments or decrees shall not have been vacated, discharged, stayed or bonded pending appeal within 60 days
from the entry thereof; or

 

    	 	- 163 -	 

     

    

 

(i)          (i)
The Guarantee and Collateral Agreement shall, or any other Security Document covering a significant portion of the Term Loan Priority
Collateral shall (at any time after its execution, delivery and effectiveness) cease for any reason to be in full force and effect
(other than pursuant to the terms hereof or thereof), or any Loan Party which is a party to any such Security Document shall so
assert in writing or (ii) the Lien created by any of the Security Documents shall cease to be perfected and enforceable
in accordance with its terms or of the same effect as to perfection and priority purported to be created thereby with respect to
any significant portion of the Term Loan Priority Collateral (other than in connection with any termination of such Lien in respect
of any Collateral as permitted hereby or by any Security Document) and such failure of such Lien to be perfected and enforceable
with such priority shall have continued unremedied for a period of 20 days; or

 

(j)          Any
Loan Party shall assert in writing that the ABL/Term Loan Intercreditor Agreement, any Junior Lien Intercreditor Agreement (after
execution and delivery thereof) or any Other Intercreditor Agreement (after execution and delivery thereof) shall have ceased for
any reason to be in full force and effect (other than pursuant to the terms hereof or thereof) or shall knowingly contest, or knowingly
support any other Person in any action that seeks to contest, the validity or effectiveness of any such intercreditor agreement
(other than pursuant to the terms hereof or thereof); or

 

(k)          Subject
to the Borrower’s option to make a payment in full of all of the Loans, or to make a Change of Control Offer, each in accordance
with Subsection 8.8(a) (whether or not in connection with any repayment or repurchase of Indebtedness outstanding pursuant
to any Junior Debt), a Change of Control shall have occurred.

 

9.2           Remedies
Upon an Event of Default. (a) If any Event of Default occurs and is continuing, then, and in any such event, (A) if
such event is an Event of Default specified in clause (i) or (ii) of Subsection 9.1(f) with respect to the Borrower, automatically
the Commitments, if any, shall immediately terminate and the Loans hereunder (with accrued interest thereon) and all other amounts
owing under this Agreement shall immediately become due and payable, and (B) if such event is any other Event of Default,
with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders the Administrative
Agent shall, by notice to the Borrower, declare the Commitments to be terminated forthwith, whereupon the Commitments, if any,
shall immediately terminate, and/or declare the Loans hereunder (with accrued interest thereon) and all other amounts owing under
this Agreement to be due and payable forthwith, whereupon the same shall immediately become due and payable.

 

(b)          Except
as expressly provided above in this Section 9, to the maximum extent permitted by applicable law, presentment, demand, protest
and all other notices of any kind are hereby expressly waived.

 

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SECTION 10

 

The Agents and the Other Representatives

 

10.1         Appointment.
(a) Each Lender hereby irrevocably designates and appoints the Agents as the agents of such Lender under this Agreement and the
other Loan Documents, and each such Lender irrevocably authorizes each Agent, in such capacity, to take such action on its behalf
under the provisions of this Agreement and the other Loan Documents and to exercise such powers and perform such duties as are
expressly delegated to or required of such Agent by the terms of this Agreement and the other Loan Documents, together with such
other powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary elsewhere in this Agreement, the
Agents and the Other Representatives shall not have any duties or responsibilities, except, in the case of the Administrative Agent
and the Collateral Agent, those expressly set forth herein, or any fiduciary relationship with any Lender, and no implied covenants,
functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or
otherwise exist against any Agent or the Other Representatives.

 

(b)          Each
of the Agents may perform any of their respective duties under this Agreement, the other Loan Documents and any other instruments
and agreements referred to herein or therein by or through its respective officers, directors, agents, employees or affiliates,
or delegate any and all such rights and powers to, any one or more sub-agents appointed by such Agent (it being understood and
agreed, for avoidance of doubt and without limiting the generality of the foregoing, that the Administrative Agent and the Collateral
Agent may perform any of their respective duties under the Security Documents by or through one or more of their respective affiliates).
Each Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their
respective Related Parties. The exculpatory provisions of this Section 10 shall apply to any such sub-agent and to the Related
Parties of each Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication
of the credit facilities provided for herein as well as activities as Agent.

 

(c)          Except
for Subsections 10.5, 10.8(a), (b), (c) and (e) and (to the extent of the Borrower’s rights
thereunder and the conditions included therein) 10.9, the provisions of this Section 10 are solely for the benefit
of the Agents and the Lenders, and neither the Borrower nor any other Loan Party shall have rights as a third party beneficiary
of any of such provisions.

 

10.2         The
Administrative Agent and Affiliates. Each person serving as an Agent hereunder shall have the same rights and powers in its
capacity as a Lender as any other Lender and may exercise the same as though it were not an Agent and the term “Lender”
or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include each
person serving as an Agent hereunder in its individual capacity. Such person and its affiliates may accept deposits from, lend
money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with
the Borrower or any Subsidiary or other Affiliate thereof as if such person were not an Agent hereunder and without any duty to
account therefor to the Lenders.

 

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10.3         Action
by an Agent. Each Agent may execute any of its duties under this Agreement and the other Loan Documents by or through agents
or attorneys-in-fact (including the Collateral Agent in the case of the Administrative Agent), and shall be entitled to advice
of counsel concerning all matters pertaining to such duties. No Agent shall be responsible for the negligence or misconduct of
any agents or attorneys-in-fact or counsel selected by it with reasonable care.

 

10.4         Exculpatory
Provisions. (a) No Agent shall have any duties or obligations except those expressly set forth herein and in the other Loan
Documents. Without limiting the generality of the foregoing, no Agent:

 

(i)          shall
be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing;

 

(ii)         shall
have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly
contemplated hereby or by the other Loan Documents that such Agent is required to exercise as directed in writing by the Required
Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents);
provided that such Agent shall not be required to take any action that, in its judgment or the judgment of its counsel,
may expose such Agent to liability or that is contrary to any Loan Document or applicable Requirement of Law; and

 

(iii)        shall,
except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable for the
failure to disclose, any information relating to the Borrower or any of its Affiliates that is communicated to or obtained by the
person serving as such Agent or any of its affiliates in any capacity.

 

(b)          No
Agent shall be liable for any action taken or not taken by it (x) with the consent or at the request of the Required Lenders
(or such other number or percentage of the Lenders as shall be necessary, or as such Agent shall believe in good faith shall be
necessary, under the circumstances as provided in Subsection 11.1) or (y) in the absence of its own gross negligence,
bad faith or willful misconduct. No Agent shall be deemed to have knowledge of any Default unless and until written notice describing
such Default is given to such Agent by the Borrower or a Lender.

 

(c)          No
Agent shall be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation
made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or
other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance
of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default,
(iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other
agreement, instrument or document or (v) the satisfaction of any condition set forth in Section 6 or elsewhere herein,
other than to confirm receipt of items expressly required to be delivered to such Agent. Without limiting the generality of the
foregoing, the use of the term “agent” in this Agreement with reference to the Administrative Agent or the Collateral
Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable
law. Instead, such term as used merely as a matter of market custom and is intended to create or reflect only an administrative
relationship between independent contracting parties.

 

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(d)          Each
party to this Agreement acknowledges and agrees that the Administrative Agent may use an outside service provider for the tracking
of all UCC financing statements required to be filed pursuant to the Loan Documents and notification to the Administrative Agent,
of, among other things, the upcoming lapse or expiration thereof, and that any such service provider will be deemed to be acting
at the request and on behalf of the Borrower and the other Loan Parties. No Agent shall be liable for any action taken or not taken
by any such service provider.

 

10.5         Acknowledgement
and Representations by Lenders. Each Lender expressly acknowledges that none of the Agents or the Other Representatives nor
any of their officers, directors, employees, agents, attorneys-in-fact or affiliates has made any representations or warranties
to it and that no act by any Agent or any Other Representative hereafter taken, including any review of the affairs of the Borrower
or any other Loan Party, shall be deemed to constitute any representation or warranty by such Agent or such Other Representative
to any Lender. Each Lender further represents and warrants to the Agents, the Other Representatives and each of the Loan Parties
that it has had the opportunity to review each document made available to it on the Platform in connection with this Agreement
and has acknowledged and accepted the terms and conditions applicable to the recipients thereof. Each Lender represents to the
Agents, the Other Representatives and each of the Loan Parties that, independently and without reliance upon any Agent, the Other
Representatives or any other Lender, and based on such documents and information as it has deemed appropriate, it has made and
will make, its own appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness
of the Borrower and the other Loan Parties, it has made its own decision to make its Loans hereunder and enter into this Agreement
and it will make its own decisions in taking or not taking any action under this Agreement and the other Loan Documents and, except
as expressly provided in this Agreement, neither the Agents nor any Other Representative shall have any duty or responsibility,
either initially or on a continuing basis, to provide any Lender or the holder of any Note with any credit or other information
with respect thereto, whether coming into its possession before the making of the Loans or at any time or times thereafter. Each
Lender (other than, in the case of clause (i), an Affiliated Lender, any Parent Entity or any Unrestricted Subsidiary) represents
to each other party hereto that (i) it is a bank, savings and loan association or other similar savings institution, insurance
company, investment fund or company or other financial institution which makes or acquires commercial loans in the ordinary course
of its business and that it is participating hereunder as a Lender for such commercial purposes and (ii) it has the knowledge
and experience to be and is capable of evaluating the merits and risks of being a Lender hereunder. Each Lender acknowledges and
agrees to comply with the provisions of Subsection 11.6 applicable to the Lenders hereunder.

 

10.6         Indemnity;
Reimbursement by Lenders. (a) To the extent that the Borrower or any other Loan Party for any reason fails to indefeasibly
pay any amount required under Subsection 11.5 to be paid by it to the Administrative Agent (or any sub-agent thereof) or
the Collateral Agent (or any sub-agent thereof) or any Related Party of any of the foregoing, each Lender severally agrees to pay
ratably according to their respective Term Credit Percentages on the date on which the applicable unreimbursed expense or indemnity
payment is sought under this Subsection 10.6 such unpaid amount (such indemnity shall be effective whether or not the related
losses, claims, damages, liabilities and related expenses are incurred or asserted by any party hereto or any third party); 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 the Administrative Agent (or any such sub-agent) or the Collateral Agent (or any sub-agent thereof) or against
any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent) or the Collateral Agent (or
any sub-agent thereof) in connection with such capacity. The obligations of the Lenders under this Subsection 10.6 are subject
to the provisions of Subsection 4.8.

 

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(b)          Any
Agent shall be fully justified in failing or refusing to take any action hereunder and under any other Loan Document (except actions
expressly required to be taken by it hereunder or under the Loan Documents) unless it shall first be indemnified to its satisfaction
by the Lenders pro rata against any and all liability, cost and expense that it may incur by reason of taking or continuing to
take any such action.

 

(c)          All
amounts due under this Subsection 10.6 shall be payable not later than three Business Days after demand therefor. The agreements
in this Subsection 10.6 shall survive the payment of the Loans and all other amounts payable hereunder.

 

10.7         Right
to Request and Act on Instructions; Reliance. (a) Each Agent may at any time request instructions from the Lenders with respect
to any actions or approvals which by the terms of this Agreement or of any of the Loan Documents an Agent is permitted or desires
to take or to grant, and if such instructions are promptly requested, the requesting Agent shall be absolutely entitled as between
itself and the Lenders to refrain from taking any action or to withhold any approval and shall not be under any liability whatsoever
to any Lender for refraining from any action or withholding any approval under any of the Loan Documents until it shall have received
such instructions from Required Lenders or all or such other portion of the Lenders as shall be prescribed by this Agreement. Without
limiting the foregoing, no Lender shall have any right of action whatsoever against any Agent as a result of an Agent acting or
refraining from acting under this Agreement or any of the other Loan Documents in accordance with the instructions of the Required
Lenders (or all or such other portion of the Lenders as shall be prescribed by this Agreement) and, notwithstanding the instructions
of the Required Lenders (or such other applicable portion of the Lenders), an Agent shall have no obligation to any Lender to take
any action if it believes, in good faith, that such action would violate applicable law or exposes an Agent to any liability for
which it has not received satisfactory indemnification in accordance with the provisions of Subsection 10.6.

 

(b)          Each
Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request, certificate, consent,
statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other
distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by the proper person. Each
Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper person,
and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of
a Loan that by its terms must be fulfilled to the satisfaction of a Lender, the Administrative Agent may presume that such condition
is satisfactory to such Lender unless the Administrative Agent shall have received notice to the contrary from such Lender prior
to the making of such Loan. Each Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants
and other experts selected by it, and shall be entitled to rely upon the advice of any such counsel, accountants or experts and
shall not be liable for any action taken or not taken by it in accordance with such advice.

 

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10.8         Collateral
Matters. (a) Each Lender authorizes and directs the Administrative Agent and the Collateral Agent to enter into (x)
the Security Documents, the ABL/Term Loan Intercreditor Agreement, any Junior Lien Intercreditor Agreement and any Other Intercreditor
Agreement, (y) any amendments, amendments and restatements, restatements or waivers of or supplements to or other modifications
to the Security Documents, the ABL/Term Loan Intercreditor Agreement, any Junior Lien Intercreditor Agreement and any Other Intercreditor
Agreement or other intercreditor agreements in connection with the incurrence by any Loan Party or any Subsidiary thereof of Additional
Indebtedness (each an “Intercreditor Agreement Supplement”) to permit such Additional Indebtedness to be secured
by a valid, perfected lien (with such priority as may be designated by the Borrower or relevant Subsidiary, to the extent such
priority is permitted by the Loan Documents) and (z) any Incremental Commitment Amendment as provided in Subsection 2.6
together with any escrow agreements entered into in connection therewith, any Increase Supplement as provided in Subsection
2.6, any Lender Joinder Agreement as provided in Subsection 2.6, any agreement required in connection with a Permitted
Debt Exchange Offer pursuant to Subsection 2.7, any Extension Amendment as provided in Subsection 2.8 and any Specified
Refinancing Amendment as provided in Subsection 2.9. Each Lender hereby agrees, and each holder of any Note by the acceptance
thereof will be deemed to agree, that, except as otherwise set forth herein, any action taken by the Administrative Agent, the
Collateral Agent or the Required Lenders in accordance with the provisions of this Agreement, the Security Documents, the ABL/Term
Loan Intercreditor Agreement, any Junior Lien Intercreditor Agreement, any Other Intercreditor Agreement, any Intercreditor Agreement
Supplement, any Incremental Commitment Amendment and any escrow agreement entered into in connection therewith, any Increase Supplement,
any Lender Joinder Agreement or any agreement required in connection with a Permitted Debt Exchange Offer or any Extension Amendment
or any Specified Refinancing Amendment and the exercise by the Agents or the Required Lenders of the powers set forth herein or
therein, together with such other powers as are reasonably incidental thereto, shall be authorized and binding upon all of the
Lenders. The Collateral Agent is hereby authorized on behalf of all of the Lenders, without the necessity of any notice to or further
consent from any Lender, from time to time, to take any action with respect to any applicable Collateral or Security Documents
which may be necessary to perfect and maintain perfected the security interest in and liens upon the Collateral granted pursuant
to the Security Documents. Each Lender agrees that it will not have any right individually to enforce or seek to enforce any Security
Document or to realize upon any Collateral for the Loans unless instructed to do so by the Collateral Agent, it being understood
and agreed that such rights and remedies may be exercised only by the Collateral Agent. The Collateral Agent may grant extensions
of time for the creation and perfection of security interests in or the obtaining of title insurance, legal opinions or other deliverables
with respect to particular assets or the provision of any guarantee by any Subsidiary (including extensions beyond the Closing
Date or in connection with assets acquired, or Subsidiaries formed or acquired, after the Closing Date) where it determines that
such action cannot be accomplished without undue effort or expense by the time or times at which it would otherwise be required
to be accomplished by this Agreement or the Security Documents.

 

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(b)          The
Lenders hereby authorize each Agent, in each case at its option and in its discretion, (A) to release any Lien granted to
or held by such Agent upon any Collateral (i) upon termination of the Commitments and payment and satisfaction of all
of the Term Loan Facility Obligations under the Loan Documents at any time arising under or in respect of this Agreement or the
Loan Documents or the transactions contemplated hereby or thereby that are then due and unpaid, (ii) constituting property
being sold or otherwise disposed of (to Persons other than a Loan Party) upon the sale or other disposition thereof, (iii)
owned by any Subsidiary Guarantor that is or becomes an Excluded Subsidiary or ceases to be a Restricted Subsidiary of the Borrower
or constituting Capital Stock or other equity interests of an Excluded Subsidiary, (iv) if approved, authorized or ratified
in writing by the Required Lenders (or such greater amount, to the extent required by Subsection 11.1) or (v) as
otherwise may be expressly provided in the relevant Security Documents, (B) to enter into any intercreditor agreement (including
the ABL/Term Loan Intercreditor Agreement, a Junior Lien Intercreditor Agreement and any Other Intercreditor Agreement) on behalf
of, and binding with respect to, the Lenders and their interest in designated assets, to give effect to any Special Purpose Financing,
including to clarify the respective rights of all parties in and to designated assets, (C) at the written request of the
Borrower to subordinate any Lien (or to confirm the absence of any Lien) on any Excluded Assets or any other property granted to
or held by such Agent, as the case may be under any Loan Document to the holder of any Permitted Lien (other than Permitted Liens
securing the Obligations under the Loan Documents or that are required by the express terms of this Agreement to be pari passu
with or junior to the Liens on the Collateral securing the Term Loan Facility Obligations pursuant to the ABL/Term Loan Intercreditor
Agreement, a Junior Lien Intercreditor Agreement or an Other Intercreditor Agreement), (D) to release any Subsidiary Guarantor
from its Obligations under any Loan Documents to which it is a party if such Person ceases to be a Restricted Subsidiary of the
Borrower or is or becomes an Excluded Subsidiary and (E) to release any Lien granted to or held by such Agent upon any ABL
Priority Collateral to the extent required pursuant to the terms of the ABL/Term Loan Intercreditor Agreement or any Other Intercreditor
Agreement. Upon request by any Agent, at any time, the Required Lenders (or all or such other portion of the Lenders as shall be
prescribed by this Agreement) will confirm in writing any Agent’s authority to release particular types or items of Collateral
pursuant to this Subsection 10.8.

 

(c)          The
Lenders hereby authorize the Administrative Agent and the Collateral Agent, as the case may be, in each case at its option and
in its discretion, to enter into any amendment, amendment and restatement, restatement, waiver, supplement or modification, and
to make or consent to any filings or to take any other actions, in each case as contemplated by Subsection 11.17. Upon request
by any Agent, at any time, the Required Lenders will confirm in writing the Administrative Agent’s and the Collateral Agent’s
authority under this Subsection 10.8(c).

 

(d)          No
Agent shall have any obligation whatsoever to the Lenders to assure that the Collateral exists or is owned by the Borrower or any
of its Restricted Subsidiaries or is cared for, protected or insured or that the Liens granted to any Agent herein or pursuant
hereto have been properly or sufficiently or lawfully created, perfected, protected or enforced or are entitled to any particular
priority, or to exercise or to continue exercising at all or in any manner or under any duty of care, disclosure or fidelity any
of the rights, authorities and powers granted or available to the Agents in this Subsection 10.8 or in any of the Security
Documents, it being understood and agreed by the Lenders that in respect of the Collateral, or any act, omission or event related
thereto, each Agent may act in any manner it may deem appropriate, in its sole discretion, given such Agent’s own interest
in the Collateral as a Lender and that no Agent shall have any duty or liability whatsoever to the Lenders, except for its gross
negligence or willful misconduct.

 

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(e)          Notwithstanding
any provision herein to the contrary, any Security Document may be amended (or amended and restated), restated, waived, supplemented
or modified as contemplated by and in accordance with either Subsection 11.1 or 11.17, as applicable, with the written
consent of the Agent party thereto and the Loan Party party thereto.

 

(f)          The
Collateral Agent may, and hereby does, appoint the Administrative Agent as its agent for the purposes of holding any Collateral
and/or perfecting the Collateral Agent’s security interest therein and for the purpose of taking such other action with respect
to the collateral as such Agents may from time to time agree.

 

10.9         Successor
Agent. Subject to the appointment of a successor as set forth herein, (i) the Administrative Agent or the Collateral
Agent may be removed by the Borrower or the Required Lenders if the Administrative Agent, the Collateral Agent or a controlling
affiliate of the Administrative Agent or the Collateral Agent is a Defaulting Lender and (ii) the Administrative Agent and
the Collateral Agent may resign as Administrative Agent or Collateral Agent, respectively, in each case upon ten days’ notice
to the Administrative Agent, the Lenders and the Borrower, as applicable. If the Administrative Agent or the Collateral Agent shall
be removed by the Borrower or the Required Lenders pursuant to clause (i) above or if the Administrative Agent or the Collateral
Agent shall resign as Administrative Agent or Collateral Agent, as applicable, under this Agreement and the other Loan Documents,
then the Required Lenders shall appoint from among the Lenders a successor agent for the Lenders, which such successor agent shall
be subject to approval by the Borrower; provided that such approval by the Borrower in connection with the appointment of
any successor Administrative Agent shall only be required so long as no Event of Default under Subsection 9.1(a) or (f)
has occurred and is continuing; provided further, that the Borrower shall not unreasonably withhold its approval of any
successor Administrative Agent if such successor is a commercial bank with a consolidated combined capital and surplus of at least
$5,000,000,000. Upon the successful appointment of a successor agent, such successor agent shall succeed to the rights, powers
and duties of the Administrative Agent or the Collateral Agent, as applicable, and the term “Administrative Agent”
or “Collateral Agent”, as applicable, shall mean such successor agent effective upon such appointment and approval,
and the former Agent’s rights, powers and duties as Administrative Agent or Collateral Agent, as applicable, shall be terminated,
without any other or further act or deed on the part of such former Agent or any of the parties to this Agreement or any holders
of the Loans. After any retiring Agent’s resignation or removal as Agent, the provisions of this Section 10 (including
this Subsection 10.9) shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Agent
under this Agreement and the other Loan Documents. The fees payable by the Borrower to a successor Administrative Agent shall be
the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor.

 

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10.10         [Reserved].

 

10.11         Withholding
Tax. To the extent required by any applicable law, each Agent may withhold from any payment to any Lender an amount equivalent
to any applicable withholding tax, and in no event shall such Agent be required to be responsible for or pay any additional amount
with respect to any such withholding. If the Internal Revenue Service or any other Governmental Authority asserts a claim that
any Agent did not properly withhold tax from amounts paid to or for the account of any Lender because the appropriate form was
not delivered or was not properly executed or because such Lender failed to notify such Agent of a change in circumstances which
rendered the exemption from or reduction of withholding tax ineffective or for any other reason, without limiting the provisions
of Subsection 4.11(a) or 4.12, such Lender shall indemnify such Agent fully for all amounts paid, directly or indirectly,
by such Agent as tax or otherwise, including any penalties or interest and together with any expenses incurred and shall make payable
in respect thereof within 30 days after demand therefor. 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 or such issuing lender under this Agreement or
any other Loan Document against any amount due the Administrative Agent under this Subsection 10.11. The agreements in this
Subsection 10.11 shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights
by, or the replacement of, a Lender and the repayment, satisfaction or discharge of all other Term Loan Facility Obligations.

 

10.12         Other
Representatives. None of the entities identified as joint bookrunners and joint lead arrangers pursuant to the definition of
Other Representative contained herein, shall have any duties or responsibilities hereunder or under any other Loan Document in
its capacity as such. Without limiting the foregoing, no Other Representative shall have nor be deemed to have a fiduciary relationship
with any Lender. At any time that any Lender serving as an Other Representative shall have transferred to any other Person (other
than any of its affiliates) all of its interests in the Loans and in the Commitments, such Lender shall be deemed to have concurrently
resigned as such Other Representative.

 

10.13         [Reserved].

 

10.14         Application
of Proceeds. The Lenders, the Administrative Agent and the Collateral Agent agree, as among such parties, as follows: subject
to the terms of the ABL/Term Loan Intercreditor Agreement, any Junior Lien Intercreditor Agreement, any Other Intercreditor Agreement
or any Intercreditor Agreement Supplement, after the occurrence and during the continuance of an Event of Default, all amounts
collected or received by the Administrative Agent, the Collateral Agent or any Lender on account of amounts then due and outstanding
under any of the Loan Documents shall, except as otherwise expressly provided herein, be applied as follows: first, to pay
all reasonable out-of-pocket costs and expenses (including reasonable attorneys’ fees to the extent provided herein) due
and owing hereunder of the Administrative Agent and the Collateral Agent in connection with enforcing the rights of the Agents
and the Lenders under the Loan Documents (including all expenses of sale or other realization of or in respect of the Collateral
and any sums advanced to the Collateral Agent or to preserve its security interest in the Collateral), second, to pay all
reasonable out-of-pocket costs and expenses (including reasonable attorneys’ fees to the extent provided herein) due and
owing hereunder of each of the Lenders in connection with enforcing such Lender’s rights under the Loan Documents, third,
to pay interest on Loans then outstanding; fourth, to pay principal of Loans then outstanding and obligations under Interest
Rate Agreements, Currency Agreements, Commodities Agreements, Bank Products Agreements and Management Guarantees permitted hereunder
and secured by the Guarantee and Collateral Agreement, ratably among the applicable Secured Parties in proportion to the respective
amounts described in this clause “fourth” payable to them, and fifth, to pay the surplus, if any, to whomever
may be lawfully entitled to receive such surplus. To the extent any amounts available for distribution pursuant to clause “third”
or “fourth” above are insufficient to pay all obligations described therein in full, such moneys shall be allocated
pro rata among the applicable Secured Parties in proportion to the respective amounts described in the applicable clause at such
time. This Subsection 10.14 may be amended (and the Lenders hereby irrevocably authorize the Administrative Agent to enter
into any such amendment) to the extent necessary to reflect differing amounts payable, and priorities of payments, to Lenders participating
in any new classes or tranches of loans added pursuant to Subsections 2.6, 2.8 and 2.9, as applicable.

 

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SECTION 11

 

Miscellaneous

 

11.1         Amendments
and Waivers. (a) Neither this Agreement nor any other Loan Document, nor any terms hereof or thereof, may be amended, supplemented,
modified or waived except in accordance with the provisions of this Subsection 11.1. The Required Lenders may, or, with
the written consent of the Required Lenders, the Administrative Agent may, from time to time, (x) enter into with the respective
Loan Parties hereto or thereto, as the case may be, written amendments, supplements or modifications hereto and to the other Loan
Documents for the purpose of adding any provisions to this Agreement or to the other Loan Documents or changing, in any manner
the rights or obligations of the Lenders or the Loan Parties hereunder or thereunder or (y) waive at any Loan Party’s
request, on such terms and conditions as the Required Lenders or the Administrative Agent, as the case may be, may specify in such
instrument, any of the requirements of this Agreement or the other Loan Documents or any Default or Event of Default and its consequences;
provided, however, that amendments pursuant to Subsections 11.1(d) and (f) may be effected without
the consent of the Required Lenders to the extent provided therein; provided further, that no such waiver and no such amendment,
supplement or modification shall:

 

(i)          (A)
reduce or forgive the amount or extend the scheduled date of maturity of any Loan or of any scheduled installment thereof (including
extending any Maturity Date), (B) reduce the stated rate of any interest, commission or fee payable hereunder (other than
as a result of any waiver of the applicability of any post-default increase in interest rates), (C) extend the scheduled
date of any payment of any Lenders’ Loans hereunder, (D) change the currency in which any Loan is payable, in each
case without the consent of each Lender directly and adversely affected thereby or (E) increase the Commitment of any Lender
(other than with respect to any Commitment increase pursuant to Subsection 2.6 in respect of which such Lender has agreed
to be an Incremental Lender or that such Lender has agreed to provide as a Specified Refinancing Lender pursuant to a Specified
Refinancing Amendment entered into pursuant to Subsection 2.9); it being understood that no amendment, modification or waiver
of, or consent to departure from, any condition precedent, representation, warranty, covenant, Default, Event of Default, mandatory
prepayment or mandatory reduction of the Commitments shall constitute an increase of any Commitment of such Lender (it being understood
that amendments to, or waivers or modifications of any conditions precedent, representations, warranties, covenants, Defaults or
Events of Default or of a mandatory repayment of the Loans of all Lenders shall not constitute an extension of the scheduled date
of maturity, any scheduled installment, or the scheduled date of payment of the Loans of any Lender);

 

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(ii)         amend,
modify or waive any provision of this Subsection 11.1(a) or reduce the percentage specified in the definition of “Required
Lenders”, or consent to the assignment or transfer by the Borrower of any of its rights and obligations under this Agreement
and the other Loan Documents (other than pursuant to Subsection 8.7 or 11.6(a)), in each case without the written
consent of all the Lenders;

 

(iii)        release
Guarantors accounting for all or substantially all of the value of the Guarantee of the Term Loan Facility Obligations pursuant
to the Guarantee and Collateral Agreement, or, in the aggregate (in a single transaction or a series of related transactions),
all or substantially all of the Collateral without the consent of all of the Lenders, except as expressly permitted hereby or by
any Security Document (as such documents are in effect on the date hereof or, if later, the date of execution and delivery thereof
in accordance with the terms hereof);

 

(iv)         require
any Lender to make Loans having an Interest Period of longer than six (6) months or shorter than one month without the consent
of such Lender;

 

(v)          amend,
modify or waive any provision of Section 10 without the written consent of the then Agents; or

 

(vi)         amend,
modify or waive any provision of Subsection 10.1(a), 10.5 or 10.12 without the written consent of any Other
Representative directly and adversely affected thereby;

 

provided further that, notwithstanding
and in addition to the foregoing, and in addition to Liens that the Collateral Agent is authorized to release pursuant to Subsection
10.8(b), the Collateral Agent may, in its discretion, release the Lien on Collateral valued in the aggregate not in excess
of $10,000,000 in any Fiscal Year without the consent of any Lender.

 

(b)          Any
waiver and any amendment, supplement or modification pursuant to this Subsection 11.1 shall apply to each of the Lenders
and shall be binding upon the Loan Parties, the Lenders, the Agents and all future holders of the Loans. In the case of any waiver,
each of the Loan Parties, the Lenders and the Agents shall be restored to their former position and rights hereunder and under
the other Loan Documents, and any Default or Event of Default waived shall be deemed to be cured and not continuing; but no such
waiver shall extend to any subsequent or other Default or Event of Default, or impair any right consequent thereon.

 

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(c)          Notwithstanding
any provision herein to the contrary, (x) no Defaulting Lender shall have any right to approve or disapprove any amendment,
supplement, modification, waiver or consent hereunder or under any of the other Loan Documents, except to the extent the consent
of such Lender would be required under clause (i) in the further proviso to the second sentence of Subsection 11.1(a)
and (y) no Disqualified Party shall have any right to approve or disapprove any amendment, supplement, modification, waiver
or consent hereunder or under any of the other Loan Documents.

 

(d)          Notwithstanding
any provision herein to the contrary, this Agreement and the other Loan Documents (x) may be amended, supplemented or modified
(i) to cure any ambiguity, mistake, omission, defect, or inconsistency with the consent of the Borrower and the Administrative
Agent, (ii) in accordance with Subsection 2.6 to incorporate the terms of any Incremental Commitments (including
to add a new revolving facility or letter of credit facility under this Agreement with respect to any Incremental Revolving Commitment
or Incremental Letter of Credit Commitment or to add an escrow arrangement) with the written consent of the Borrower and Lenders
providing such Incremental Commitments, (iii) in accordance with Subsection 2.8 to effectuate an Extension with the
written consent of the Borrower and the Extending Lenders, (iv) in accordance with Subsection 2.9 to incorporate
the terms of any Specified Refinancing Facilities with the consent of the Borrower and the applicable Specified Refinancing Lenders,
(v) in accordance with Subsection 7.12, to change the financial reporting convention and (vi) with the consent
of the Borrower and the Administrative Agent (in each case such consent not to be unreasonably withheld, conditioned or delayed),
in the event any mandatory prepayment or redemption provision in respect of the Net Cash Proceeds of Asset Dispositions or Recovery
Events or from Excess Cash Flow included or to be included in any Incremental Commitment Amendment or any Indebtedness constituting
Additional Obligations or that would constitute Additional Obligations would result in Incremental Term Loans or Additional Obligations,
as applicable, being prepaid or redeemed on a more than ratable basis with the Term Loans in respect of the Net Cash Proceeds from
any such Asset Disposition or Recovery Event or Excess Cash Flow prepayment to the extent such Net Cash Proceeds or Excess Cash
Flow are required to be applied to repay Term Loans hereunder pursuant to Subsection 4.4(b), to provide for mandatory prepayments
of the Initial Term Loans such that, after giving effect thereto, the prepayments made in respect of such Incremental Term Loans
or Additional Obligations, as applicable, are not on more than a ratable basis or (y) may be amended, supplemented, modified
or waived in a manner that by its terms affects the rights or duties under this Agreement or any other Loan Document of Lenders
holding Loans or Commitments of a particular Tranche (but not the Lenders holding Loans or Commitments of any other Tranche), by
an agreement or agreements in writing entered into by the Borrower and the requisite percentage in interest of the Lenders with
respect to such Tranche that would be required to consent thereto under this Subsection 11.1 if such Lenders were the only
Lenders hereunder at the time. Without limiting the generality of the foregoing, any provision of this Agreement and the other
Loan Documents, including Subsection 4.4, 4.8 or 10.14 hereof, may be amended, supplemented, modified or waived
as set forth in the immediately preceding sentence pursuant to any Incremental Commitment Amendment, any Extension Amendment or
any Specified Refinancing Amendment, as the case may be, to provide for non-pro rata borrowings and payments of any amounts hereunder
as between any Tranches, including the Term Loans, any Incremental Commitments or Incremental Loans, any Extended Tranche and any
Specified Refinancing Tranche, or to provide for the inclusion, as appropriate, of the Lenders of any Extended Tranche, Specified
Refinancing Tranche, Incremental Commitments or Incremental Loans in any required vote or action of the Required Lenders, the Required
Majority in Interest Lenders, or of the Lenders of each Tranche hereunder. The Administrative Agent hereby agrees (if requested
by the Borrower) to execute any amendment, supplement, modification or waiver referred to in this clause (d) or an acknowledgement
thereof.

 

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(e)          Notwithstanding
any provision herein to the contrary, this Agreement may be amended (or deemed amended) or amended and restated with the written
consent of the Required Lenders, the Administrative Agent and the Borrower (x) to add one or more additional credit facilities
to this Agreement and to permit the 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 existing Facilities
and the accrued interest and fees in respect thereof, (y) to include, as appropriate, the Lenders holding such credit facilities
in any required vote or action of the Required Lenders or of the Lenders of each Facility hereunder and (z) to provide class
protection for any additional credit facilities.

 

(f)          Notwithstanding
any provision herein to the contrary, any Security Document may be amended (or amended and restated), restated, waived, supplemented
or modified as contemplated by Subsection 11.17 with the written consent of the Agent party thereto and the Loan Party party
thereto.

 

(g)          If,
in connection with any proposed change, waiver, discharge or termination of or to any of the provisions of this Agreement and/or
any other Loan Document as contemplated by Subsection 11.1(a), the consent of each Lender, or each affected Lender, as applicable,
is required and either (x) the consent of the Required Lenders or the Required Majority in Interest Lenders, as applicable,
at such time is obtained or (y) the consent of the Required Lenders or the Required Majority in Interest Lenders, as applicable,
at such time is not obtained, but, in each case under clause (x) or (y), the consent of one or more of such other Lenders whose
consent is required is not obtained (each such Lender, a “Non-Consenting Lender”) then the Borrower may, on
notice to, in the case of clause (x), the Administrative Agent and any relevant Non-Consenting Lender, or, in the case of clause
(y), the Administrative Agent and every Non-Consenting Lender, (A) replace such Non-Consenting Lender by causing such Lender
to (and such Lender shall be obligated to) assign pursuant to Subsection 11.6 (with the assignment fee and any other costs
and expenses to be paid by the Borrower in such instance) all of its rights and obligations under this Agreement to one or more
assignees; provided that neither the Administrative Agent nor any Lender shall have any obligation to the Borrower to find
a replacement Lender; provided, further, that the applicable assignee shall have agreed to the applicable change,
waiver, discharge or termination of this Agreement and/or the other Loan Documents; and provided, further, that all
obligations of the Borrower owing to such Non-Consenting Lender relating to the Loans, Commitments and participations so assigned
shall be paid in full by the assignee Lender (or, at its/their option, by the Borrower) to such Non-Consenting Lender concurrently
with such Assignment and Acceptance, in each case, for the avoidance of doubt, in an amount not in excess of the amount of such
obligations, as applicable, or (B) so long as no Event of Default under Subsection 9.1(a) or (f) then exists
or will exist immediately after giving effect to the respective prepayment, upon notice to the Administrative Agent, prepay the
Loans and, if applicable, terminate the Commitments of such Non-Consenting Lender, in whole or in part, subject to Subsection
4.12, without premium or penalty. In connection with any such replacement under this Subsection 11.1(g), if a Non-Consenting
Lender does not execute and deliver to the Administrative Agent a duly completed Assignment and Acceptance and/or any other documentation
necessary to reflect such replacement by the later of (a) the date on which the replacement Lender executes and delivers
such Assignment and Acceptance and/or such other documentation and (b) the date as of which all obligations of the Borrower
owing to such Non-Consenting Lender relating to the Loans, Commitments and participations so assigned shall be paid in full by
the assignee Lender to such Non-Consenting Lender, then such Non-Consenting Lender shall be deemed to have executed and delivered
such Assignment and Acceptance and/or such other documentation as of such date and the Borrower shall be entitled (but not obligated)
to execute and deliver such Assignment and Acceptance and/or such other documentation on behalf of such Non-Consenting Lender,
and the Administrative Agent shall record such assignment in the Register.

 

    	 	- 176 -	 

     

    

 

(h)          Notwithstanding
anything to the contrary herein, at any time and from time to time, upon notice to the Administrative Agent (who shall promptly
notify the applicable Lenders) specifying in reasonable detail the proposed terms thereof, the Borrower may make one or more loan
modification offers to all the Lenders of any Facility that would, if and to the extent accepted by any such Lender, (a)
change the Applicable Margin and/or fees payable with respect to the Loans and/or Commitments under such Facility (in each case
solely with respect to the Loans and Commitments of accepting Lenders in respect of which an acceptance is delivered) and (b)
treat the Loans and/or Commitments so modified as a new “Facility” and a new “Tranche” for all purposes
under this Agreement; provided that (i) such loan modification offer is made to each Lender under the applicable
Facility on the same terms and subject to the same procedures as are applicable to all other Lenders under such Facility (which
procedures in any case shall be reasonably satisfactory to the Administrative Agent) and (ii) no loan modification shall
affect the rights or duties of, or any fees or other amounts payable to, the Administrative Agent, without its prior written consent.

 

(i)          In
connection with any amendment to this Agreement that addresses (a) a Repricing Transaction of the Initial Term Loans or
(b) a “repricing transaction” of any other Tranche of Term Loans (as if the definition “Repricing Transaction”
applied to such Tranche of Term Loans) (each such amendment, a “Permitted Repricing Amendment”), so long as
such amendment by its terms only affects the rights or duties under this Agreement or any other Loan Document of Lenders holding
such Loans or Commitments of such Tranche of Term Loans (but not the Lenders holding Loans or Commitments of any other Tranche),
only the consent of the requisite percentage in interest (assuming for such determination, such Tranche is the only outstanding
Tranche hereunder) of (x) the Lenders holding such Tranche of Term Loans that will continue as a Lender in respect of such
Tranche following such Permitted Repricing Amendment and (y) any increasing Lender or Additional Incremental Lender that
provides Supplemental Term Loan Commitments to such Tranche of Term Loans substantially concurrently with such Permitted Repricing
Amendment, shall be required.

 

    	 	- 177 -	 

     

    

 

(j)          Notwithstanding
any provision to the contrary set forth in this Agreement, in the event the Administrative Agent determines, pursuant to and in
accordance with Subsection 4.7, that adequate and reasonable means do not exist for ascertaining the applicable LIBOR Rate
and the Administrative Agent and the Borrower mutually determine that the syndicated loan market has broadly accepted a replacement
standard for the LIBOR Rate, then the Administrative Agent and Borrower may, without the consent of any Lender, amend this Agreement
to adopt such new broadly accepted market standard and to make such other changes as shall be necessary or appropriate in the good
faith determination of the Administrative Agent and the Borrower in order to implement such new market standard herein and in the
other Loan Documents.

 

11.2         Notices.
(a) All notices, requests, and demands to or upon the respective parties hereto to be effective shall be in writing (including
telecopy), and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when delivered by hand,
or three days after being deposited in the mail, postage prepaid, or, in the case of telecopy notice, when received), or, in the
case of delivery by a nationally recognized overnight courier, when received, addressed as follows in the case of the Borrower,
the Administrative Agent and the Collateral Agent, and as set forth in Schedule A in the case of the other parties hereto,
or to such other address as may be hereafter notified by the respective parties hereto and any future holders of the Loans:

 

	The Borrower	
        NCI Building Systems, Inc.

        10943 North Sam Houston Parkway
West

        Houston, Texas 77064

        Attention: Chief Financial Officer

        Facsimile: (281) 897-7837

        Telephone: (281) 897-7658

        Email: mejohnson@ncigroup.com

	 	 
	With copies (which shall not constitute notice) to:	
        Debevoise & Plimpton LLP

919 Third Avenue

New York, New York 10022

Attention: Ramya S. Tiller, Esq.

Facsimile: (212) 521-7146

Telephone: (212) 909-6000

        Email: rstiller@debevoise.com

	 	 
	The Administrative Agent	Credit Suisse AG

Attention of: Agency Manager

Eleven Madison Avenue - 9th Floor

New York, NY 10010

Fax No. (212) 322-2291

Email: agency.loanops@credit-suisse.com

 

    	 	- 178 -	 

     

    

 

	The Collateral Agent:	Credit Suisse AG

Attention: Loan Operations – Boutique Management

Eleven Madison Avenue - 9th Floor

New York, NY 10010

Tel. No.: (212) 538-6106

Fax No. (212) 325-8315

Email: list.ops-collateral@credit-suisse.com
	 	 
	With copies (which shall not constitute notice) to:	Davis Polk & Wardwell LLP

450 Lexington Avenue

New York, New York 10017

Attention:  Jason Kyrwood

Facsimile:  (212)450-4653

Telephone:  (212) 450-5425

Email:  jason.kyrwood@davispolk.com

 

provided that any notice, request
or demand to or upon the Administrative Agent or the Lenders pursuant to Subsection 4.2, 4.4 or 4.8 shall
not be effective until received.

 

(b)          Without
in any way limiting the obligation of any Loan Party and its Subsidiaries to confirm in writing any telephonic notice permitted
to be given hereunder, the Administrative Agent may prior to receipt of written confirmation act without liability upon the basis
of such telephonic notice, believed by the Administrative Agent in good faith to be from a Responsible Officer of a Loan Party.

 

(c)          Loan
Documents may be transmitted and/or signed by facsimile or other electronic means (e.g., a “pdf” or “tiff”).
The effectiveness of any such documents and signatures shall, subject to applicable law, have the same force and effect as manually
signed originals and shall be binding on each Loan Party, each Agent and each Lender. The Administrative Agent may also require
that any such documents and signatures be confirmed by a manually signed original thereof; provided that the failure to
request or deliver the same shall not limit the effectiveness of any facsimile or other electronic document or signature.

 

(d)          Notices
and other communications to the Lenders hereunder may be delivered or furnished by electronic communication (including electronic
mail and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent; provided that the foregoing
shall not apply to notices to any Lender pursuant to Section 2 if such Lender, as applicable, has notified the Administrative
Agent that it is incapable of receiving notices under such Section by electronic communication. The Administrative Agent or the
Borrower may, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications
pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or
communications. Unless the Administrative Agent otherwise prescribes (with the Borrower’s consent), (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), provided that if such notice 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, and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon
the posting thereof.

 

    	 	- 179 -	 

     

    

 

(e)          THE
PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” NEITHER THE ADMINISTRATIVE AGENT NOR ANY OF ITS RELATED
PARTIES WARRANT THE ACCURACY OR COMPLETENESS OF MATERIALS AND/OR INFORMATION PROVIDED BY OR ON BEHALF OF THE BORROWER HEREUNDER
(THE “BORROWER MATERIALS”) OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR
OMISSIONS FROM THE BORROWER MATERIALS. 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 ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM.

 

11.3         No
Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of any Agent, any Lender or any
Loan Party, any right, remedy, power or privilege hereunder or under the other Loan Documents shall operate as a waiver thereof;
nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise
thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided
are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law.

 

11.4         Survival
of Representations and Warranties. All representations and warranties made hereunder and in the other Loan Documents (or in
any amendment, modification or supplement hereto or thereto) and in any certificate delivered pursuant hereto or such other Loan
Documents shall survive the execution and delivery of this Agreement and the making of the Loans hereunder.

 

    	 	- 180 -	 

     

    

 

11.5         Payment
of Expenses and Taxes. The Borrower agrees (a) to pay or reimburse the Agents and the Other Representatives for (1)
all their reasonable and documented out-of-pocket costs and expenses incurred in connection with (i) the syndication of
the Facilities and the development, preparation, execution and delivery of, and any amendment, supplement or modification to, this
Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith, (ii) the consummation
and administration of the transactions (including the syndication of the Initial Term Loan Commitments) contemplated hereby and
thereby and (iii) in the case of the Agents only, efforts to monitor the Loans and verify, protect, evaluate, assess, appraise,
collect, sell, liquidate or otherwise dispose of any of the Collateral in accordance with the terms of the Loan Documents, and
(2) the reasonable and documented fees and disbursements of Davis Polk and Wardwell LLP, solely in its capacity as counsel
to the Administrative Agent, and such other special or local counsel, consultants, advisors, appraisers and auditors whose retention
(other than during the continuance of an Event of Default) is approved by the Borrower, (b) to pay or reimburse each Lender,
each Lead Arranger and the Agents for all their reasonable and documented out-of-pocket costs and expenses incurred in connection
with the enforcement of any rights under this Agreement, the other Loan Documents and any other documents prepared in connection
herewith or therewith, including the fees and disbursements of counsel to the Agents (limited to one firm of counsel for the Agents
and, if necessary, one firm of local counsel in each appropriate jurisdiction, in each case for the Agents), (c) to pay,
indemnify, or reimburse each Lender, each Lead Arranger and the Agents for, and hold each Lender, each Lead Arranger and the Agents
harmless from, any and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in
paying, any stamp, documentary, excise and other similar taxes, if any, which may be payable or determined to be payable in connection
with the execution, delivery or enforcement of, or consummation or administration of any of the transactions contemplated by, or
any amendment, supplement or modification of, or any waiver or consent under or in respect of, this Agreement, the other Loan Documents
and any such other documents, and (d) to pay, indemnify or reimburse each Lender, each Lead Arranger, each Agent (and any
sub-agent thereof) and each Related Party of any of the foregoing Persons (each, an “Indemnitee”) for, and hold
each Indemnitee harmless from and against, any and all other liabilities, obligations, losses, damages, penalties, actions, judgments,
suits, costs, expenses or disbursements of any kind or nature whatsoever (in the case of fees and disbursements of counsel, limited
to one firm of counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction, in each
case for all Indemnitees (and, in the case of an actual or perceived conflict of interest where the Indemnitee affected by such
conflict informs the Borrower of such conflict and thereafter, after receipt of the Borrower’s consent (which shall not be
unreasonably withheld), retains its own counsel, of another firm of counsel for such affected Indemnitee)) arising out of or relating
to any actual or prospective claim, litigation, investigation or proceeding, whether based on contract, tort or any other theory,
brought by a third party or by the Borrower or any other Loan Party and regardless of whether any Indemnitee is a party thereto,
with respect to the execution, delivery, enforcement, performance and administration of this Agreement, the other Loan Documents
and any such other documents, including any of the foregoing relating to the use of proceeds of the Loans, the violation of, noncompliance
with or liability under, any Environmental Law applicable to the operations of the Borrower or any of its Restricted Subsidiaries
or any of the property of the Borrower or any of its Restricted Subsidiaries (all the foregoing in this clause (d), collectively,
the “Indemnified Liabilities”), provided that the Borrower shall not have any obligation hereunder to
any Lead Arranger, any Other Representative, any Agent (or any sub-agent thereof) or any Lender (or any Related Party of any such
Lead Arranger, Other Representative, Agent (or any sub-agent thereof) or Lender) with respect to Indemnified Liabilities arising
from (i) the gross negligence, bad faith or willful misconduct of any such Lead Arranger, Other Representative, Agent (or
any sub-agent thereof) or Lender (or any Related Party of any such Lead Arranger, Other Representative, Agent (or any sub-agent
thereof) or Lender), as the case may be, as determined by a court of competent jurisdiction in a final and non-appealable decision,
(ii) a material breach of the Loan Documents by any such Lead Arranger, Other Representative, Agent (or any sub-agent thereof)
or Lender (or any Related Party of any such Lead Arranger, Other Representative, Agent (or any sub-agent thereof) or Lender), as
the case may be, as determined by a court of competent jurisdiction in a final and non-appealable decision or (iii) claims
against such Indemnitee or any Related Party brought by any other Indemnitee that do not involve claims against any Lead Arranger
or Agent in its capacity as such. Neither the Borrower nor any Indemnitee shall be liable for any indirect, special, punitive or
consequential damages hereunder; provided that nothing contained in this sentence shall limit the Borrower’s indemnity
or reimbursement obligations under this Subsection 11.5 to the extent such indirect, special, punitive or consequential
damages are included in any third party claim in connection with which such Indemnitee is entitled to indemnification hereunder.
All amounts due under this Subsection 11.5 shall be payable not later than 30 days after written demand therefor. Statements
reflecting amounts payable by the Loan Parties pursuant to this Subsection 11.5 shall be submitted to the address of the
Borrower set forth in Subsection 11.2, or to such other Person or address as may be hereafter designated by the Borrower
in a notice to the Administrative Agent. Notwithstanding the foregoing, except as provided in Subsections 11.5(b) and (c)
above, the Borrower shall have no obligation under this Subsection 11.5 to any Indemnitee with respect to any tax, levy,
impost, duty, charge, fee, deduction or withholding imposed, levied, collected, withheld or assessed by any Governmental Authority.
The agreements in this Subsection 11.5 shall survive repayment of the Loans and all other amounts payable hereunder.

 

    	 	- 181 -	 

     

    

 

11.6         Successors
and Assigns; Participations and Assignments. (a) The provisions of this Agreement shall be binding upon and inure to the benefit
of the parties hereto and their respective successors and assigns permitted hereby, except that (i) other than in accordance
with Subsection 8.7, the Borrower shall not 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 the 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 Subsection 2.8(e), 4.13(d), 4.14(c), or 11.1(g) or this Subsection 11.6.

 

(b)          (i)
Subject to the conditions set forth in Subsection 11.6(b)(ii) below, any Lender other than a Conduit Lender may, in the
ordinary course of business and in accordance with applicable law, assign (other than to a Disqualified Party or any natural person)
to one or more assignees (each, an “Assignee”) all or a portion of its rights and obligations under this Agreement
(including its Commitments and/or Loans, pursuant to an Assignment and Acceptance) with the prior written consent of:

 

(A)         the
Borrower (such consent not to be unreasonably withheld), provided that no consent of the Borrower shall be required for
an assignment (x) of Term Loans to a Lender, an Affiliate of a Lender or an Approved Fund; provided that if any Lender
assigns all or a portion of its rights and obligations with respect to the Term Loans under this Agreement to one of its Affiliates
in connection with or in contemplation of the sale or other disposition of its interest in such Affiliate, the Borrower’s
prior written consent shall be required for such assignment, and (y) if an Event of Default under Subsection 9.1(a)
or (f) with respect to the Borrower has occurred and is continuing, to any other Person; and

 

(B)         the
Administrative Agent (such consent not to be unreasonably withheld); provided that no consent of the Administrative Agent
shall be required for an assignment to a Lender or an Affiliate of a Lender or an Approved Fund.

 

    	 	- 182 -	 

     

    

 

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

 

(A)         except
in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund or an assignment of the entire remaining
amount of the assigning Lender’s Commitments or Loans under any Facility, the amount of the Commitments or Loans of the assigning
Lender subject to each such assignment (determined as of the date the Assignment and Acceptance with respect to such assignment
is delivered to the Administrative Agent) shall be in an amount of $1,000,000 or an integral multiple of $1,000,000 unless the
Borrower and the Administrative Agent otherwise consent, provided that (1) no such consent of the Borrower shall
be required if an Event of Default under Subsection 9.1(a) or (f) with respect to the Borrower has occurred and is
continuing and (2) such amounts shall be aggregated in respect of each Lender and its Affiliates or Approved Funds, if any;

 

(B)         the
parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Acceptance, together with a
processing and recordation fee of $3,500 (unless waived by the Administrative Agent in any given case); provided that for
concurrent assignments to two or more Approved Funds such assignment fee shall only be required to be paid once in respect of and
at the time of such assignments;

 

(C)         the
Assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an administrative questionnaire;

 

(D)         any
assignment of Incremental Commitments or Loans to an Affiliated Lender shall also be subject to the requirements of Subsections
11.6(h) and (i); and

 

(E)         any
Term Loans acquired by the Borrower or any Restricted Subsidiary shall be retired and cancelled promptly upon acquisition thereof.

 

For the purposes of this Subsection
11.6, the term “Approved Fund” has the following meaning: “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 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. Notwithstanding the foregoing, no Lender shall be
permitted to make assignments under this Agreement to any Disqualified Party, except to the extent the Borrower has consented to
such assignment in writing and any such assignment and Disqualified Party shall be subject to the provisions of Subsection 11.6(k),
except to the extent the Borrower has otherwise expressly consented in writing.

 

    	 	- 183 -	 

     

    

 

(iii)        Subject
to acceptance and recording thereof pursuant to clause (b)(iv) below, from and after the effective date specified in each Assignment
and Acceptance the Assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and
Acceptance, 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 Acceptance, be released from its obligations under this Agreement (and,
in the case of an Assignment and Acceptance 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 (and bound by any related obligations
under) Subsections 4.10, 4.11, 4.12, 4.13 and 11.5, and bound by its continuing obligations
under Subsection 11.6(k), Subsection 11.16 and, in the case of each Reference Bank, Subsection 4.6(c)). Any
assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with Subsections 2.8(e),
4.13(d), 4.14(c) and 11.1(g) and this Subsection 11.6 shall, to the extent it would comply with Subsection
11.6(c), be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations
in accordance with clause (c) of this Subsection 11.6 (and any attempted assignment, transfer or participation that does
not comply with this Subsection 11.6 shall be null and void).

 

(iv)         The
Borrower hereby designates the Administrative Agent, and the Administrative Agent agrees, to serve as the Borrower’s non-fiduciary
agent, solely for purposes of this Subsection 11.6, to maintain at one of its offices in New York, New York a copy of each
Assignment and Acceptance delivered to it and a register for the recordation of the names and addresses of the Lenders, and the
Commitments of, and interest and principal amount of the Loans owing to, each Lender pursuant to the terms hereof from time to
time (the “Register”). The entries in the Register shall be conclusive absent manifest error, and the Borrower,
the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof
as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available
for inspection by the Borrower (and, solely with respect to entries applicable to such Lender, any Lender), at any reasonable time
and from time to time upon reasonable prior notice. Notwithstanding the foregoing, in no event shall the Administrative Agent be
obligated to ascertain, monitor or inquire as to whether any Lender is an Affiliated Lender nor shall the Administrative Agent
be obligated to monitor the aggregate amount of Term Loans or Incremental Term Loans held by Affiliated Lenders.

 

(v)          Each
Lender that sells a participation shall, acting for itself and, solely for this purpose, as a non-fiduciary agent of the Borrower,
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, Commitments 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 to any Person (including the identity of any Participant or any information relating to a Participant’s interest
in any commitments, loans, letters of credit or its other obligations under any Loan Document) except to the extent that such disclosure
is necessary (x) to establish that such commitment, loan, letter of credit or other obligation is in registered form under
Section 5f.103-1(c) of the United States Treasury Regulations or (y) for the Borrower to enforce its rights hereunder. The
entries in the Participant Register shall be conclusive absent manifest error, and a 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.

 

    	 	- 184 -	 

     

    

 

(vi)         Upon
its receipt of a duly completed Assignment and Acceptance executed by an assigning Lender (unless such assignment is being made
in accordance with Subsection 2.8(e), 4.13(d), 4.14(c), 11.1(g), 11.6(f) or 11.6(k)(iv) in which
case the effectiveness of such Assignment and Acceptance shall not require execution by the assigning Lender) and an Assignee,
the Assignee’s completed administrative questionnaire (unless the Assignee shall already be a Lender hereunder), the processing
and recordation fee referred to in this Subsection 11.6(b) and any written consent to such assignment required by this Subsection
11.6(b), the Administrative Agent shall accept such Assignment and Acceptance, record the information contained therein in
the Register and give prompt notice of such assignment and recordation to the Borrower. No assignment shall be effective for purposes
of this Agreement unless it has been recorded in the Register as provided in this clause (vi).

 

(vii)        On
or prior to the effective date of any assignment pursuant to this Subsection 11.6(b), the assigning Lender shall surrender
to the Administrative Agent any outstanding Notes held by it evidencing the Loans or Commitments, as applicable, which are being
assigned. Any Notes surrendered by the assigning Lender shall be returned by the Administrative Agent to the Borrower marked “cancelled.”

 

Notwithstanding
the foregoing provisions of this Subsection 11.6(b) or any other provision of this Agreement, if the Borrower shall have
consented thereto in writing in its sole discretion, the Administrative Agent shall have the right, but not the obligation, to
effectuate assignments of Loans, Incremental Commitments and Initial Term Loan Commitments via an electronic settlement system
acceptable to Administrative Agent and the Borrower as designated in writing from time to time to the Lenders by Administrative
Agent (the “Settlement Service”). At any time when the Administrative Agent elects, in its sole discretion,
to implement such Settlement Service, each such assignment shall be effected by the assigning Lender and proposed Assignee pursuant
to the procedures then in effect under the Settlement Service, which procedures shall be subject to the prior written approval
of the Borrower and shall be consistent with the other provisions of this Subsection 11.6(b). Each assigning Lender and
proposed Assignee shall comply with the requirements of the Settlement Service in connection with effecting any assignment of Loans
and Commitments pursuant to the Settlement Service. Assignments and assumptions of Loans and Commitments shall be effected by the
provisions otherwise set forth herein until the Administrative Agent notifies the Lenders of the Settlement Service as set forth
herein. The Borrower may withdraw its consent to the use of the Settlement Service at any time upon notice to the Administrative
Agent, and thereafter assignments and assumptions of the Loans and Commitments shall be effected by the provisions otherwise set
forth herein. Notwithstanding the foregoing, it is understood and agreed that the Administrative Agent shall have the right, but
not the obligation, to effectuate assignments of Loans and Commitments via the ClearPar electronic settlement system pursuant to
procedures consistent with this Subsection 11.6(b).

 

    	 	- 185 -	 

     

    

 

Furthermore,
no Assignee, which as of the date of any assignment to it pursuant to this Subsection 11.6(b) would be entitled to receive
any greater payment under Subsection 4.10, 4.11, 4.12 or 11.5 than the assigning Lender would have
been entitled to receive as of such date under such Subsections with respect to the rights assigned, shall, notwithstanding anything
to the contrary in this Agreement, be entitled to receive such greater payments unless the assignment was made after an Event of
Default under Subsection 9.1(a) or (f) has occurred and is continuing or the Borrower has expressly consented in
writing to waive the benefit of this provision at the time of such assignment.

 

(c)          (i)
Any Lender other than a Conduit Lender may, in the ordinary course of its business and in accordance with applicable law, without
the consent of the Borrower or the Administrative Agent, sell participations (other than to any Disqualified Party or a natural
person) to one or more banks or other entities (a “Participant”) in all or a portion of such Lender’s
rights and obligations under this Agreement (including all or a portion of its Initial Term Loan Commitments, Incremental Commitments
and 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)
such Lender shall remain the holder of any such Loan for all purposes under this Agreement and the other Loan Documents, (D)
the Borrower, the Administrative Agent and the Lenders shall continue to deal solely and directly with such Lender in connection
with such Lender’s rights and obligations under this Agreement and (E) in the case of any participation to a Permitted
Affiliated Assignee, such participation shall be governed by the provisions of Subsection 11.6(h)(ii) to the same extent
as if each reference therein to an assignment of a Loan were to a participation of a Loan and the references to Affiliated Lender
were to such Permitted Affiliated Assignee in its capacity as a participant. Any agreement 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,
supplement, modification or waiver of any provision of this Agreement; provided that such agreement may provide that such
Lender will not, without the consent of the Participant, agree to any amendment, supplement, modification or waiver that (1)
requires the consent of each Lender directly affected thereby pursuant to clause (i) or (iii) of the second proviso to the second
sentence of Subsection 11.1(a) and (2) directly affects such Participant. Subject to Subsection 11.6(c)(ii),
the Borrower agrees that each Participant shall be entitled to the benefits of (and shall have the related obligations under) Subsections
4.10, 4.11, 4.12, 4.13 and 11.5 to the same extent as if it were a Lender and had acquired its
interest by assignment pursuant to Subsection 11.6(b). To the extent permitted by law, each Participant also shall be entitled
to the benefits of Subsection 11.7(b) as though it were a Lender, provided that such Participant shall be subject
to Subsection 11.7(a) as though it were a Lender. Notwithstanding the foregoing, no Lender shall be permitted to sell or
maintain a participation under this Agreement to or with any Disqualified Party and any participation to a Person that is or at
any time becomes a Disqualified Party shall be subject to Subsection 11.6(k), except to the extent the Borrower has expressly
consented to such participation in writing; provided that if any such participation by a Lender is subject to a sub-participation
by such Disqualified Party to a Person that is not a Disqualified Party or natural person, and such sub-participation if made as
a participation directly by such Lender would comply with Subsection 11.6, such sub-participant shall have the right to
assume all of the rights and obligations of such Disqualified Party under such participation and thereby become a Participant hereunder
in substitution for such Disqualified Party (it being understood that such sub-participant shall, prior to the effectiveness of
such assumption, provide to such Lender that sold or maintained such participation all documentation and information as is reasonably
required by such Lender pursuant to “know your customer” and anti-money laundering rules and regulations and execute
and deliver an appropriate assumption agreement to effect such substitution on terms and conditions mutually agreed between such
sub-participant and such Lender, and such Disqualified Party shall thereupon be deemed to have executed and delivered such assumption
agreement). Any such participation and Disqualified Party not permitted prior to the foregoing sentence shall be subject to the
provisions of Subsection 11.6(k), except to the extent the Borrower has otherwise expressly consented in writing. Any attempted
participation which does not comply with Subsection 11.6 shall be null and void.

 

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(ii)         No
Loan Party shall be obligated to make any greater payment under Subsection 4.10, 4.11 or 11.5 than it would
have been obligated to make in the absence of any participation, unless the sale of such participation is made with the prior written
consent of the Borrower and the Borrower expressly waives the benefit of this provision at the time of such participation. Any
Participant that is not incorporated under the laws of the United States of America or a state thereof shall not be entitled to
the benefits of Subsection 4.11 unless such Participant complies with Subsection 4.11(b) and provides the forms and
certificates referenced therein to the Lender that granted such participation.

 

(d)          Any
Lender, without the consent of the Borrower or the Administrative Agent, may at any time pledge or assign a security interest in
all or any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment
to secure obligations to a Federal Reserve Bank, and this Subsection 11.6 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 (by foreclosure or otherwise) any such pledgee or Assignee for such Lender as a party
hereto.

 

(e)          No
assignment or participation made or purported to be made to any Assignee or Participant shall be effective without the prior written
consent of the Borrower if it would require the Borrower to make any filing with any Governmental Authority or qualify any Loan
or Note under the laws of any jurisdiction, and the Borrower shall be entitled to request and receive such information and assurances
as it may reasonably request from any Lender or any Assignee or Participant to determine whether any such filing or qualification
is required or whether any assignment or participation is otherwise in accordance with applicable law.

 

(f)          Notwithstanding
the foregoing, any Conduit Lender may assign any or all of the Loans it may have funded hereunder to its designating Lender without
the consent of the Borrower or the Administrative Agent and without regard to the limitations set forth in Subsection 11.6(b).
The Borrower, each Lender and the Administrative Agent hereby confirms that it will not institute against a Conduit Lender or join
any other Person in instituting against a Conduit Lender any domestic or foreign bankruptcy, reorganization, arrangement, insolvency
or liquidation proceeding under any state, federal or provincial bankruptcy or similar law, for one year and one day after the
payment in full of the latest maturing commercial paper note issued by such Conduit Lender; provided, however, that
each Lender designating any Conduit Lender hereby agrees to indemnify, save and hold harmless each other party hereto for any loss,
cost, damage or expense arising out of its inability to institute such a proceeding against such Conduit Lender during such period
of forbearance. Each such indemnifying Lender shall pay in full any claim received from the Borrower pursuant to this Subsection
11.6(f) within 30 Business Days of receipt of a certificate from a Responsible Officer of the Borrower specifying in reasonable
detail the cause and amount of the loss, cost, damage or expense in respect of which the claim is being asserted, which certificate
shall be conclusive absent manifest error. Without limiting the indemnification obligations of any indemnifying Lender pursuant
to this Subsection 11.6(f), in the event that the indemnifying Lender fails timely to compensate the Borrower for such claim,
any Loans held by the relevant Conduit Lender shall, if requested by the Borrower, be assigned promptly to the Lender that administers
the Conduit Lender and the designation of such Conduit Lender shall be void.

 

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(g)          If
the Borrower wishes to replace the Loans under any Facility with ones having different terms, it shall have the option, with the
consent of the Administrative Agent and subject to at least three Business Days’ (or such shorter period as agreed to by
the Administrative Agent in its reasonable discretion) advance notice to the Lenders under such Facility, instead of prepaying
the Loans to be replaced, to (i) require the Lenders under such Facility to assign such Loans to the Administrative Agent
or its designees and (ii) amend the terms thereof in accordance with Subsection 11.1. Pursuant to any such assignment,
all Loans to be replaced shall be purchased at par (allocated among the Lenders under such Facility in the same manner as would
be required if such Loans were being optionally prepaid by the Borrower), accompanied by payment of any accrued interest and fees
thereon and any amounts owing pursuant to Subsection 4.12. By receiving such purchase price, the Lenders under such Facility
shall automatically be deemed to have assigned the Loans under such Facility pursuant to the terms of the form of the Assignment
and Acceptance, the Administrative Agent shall record such assignment in the Register and accordingly no other action by such Lenders
shall be required in connection therewith. The provisions of this clause (g) are intended to facilitate the maintenance of the
perfection and priority of existing security interests in the Collateral during any such replacement.

 

(h)          (i)
(x) Notwithstanding anything to the contrary contained herein, (x) any Lender may, at any time, assign all or
a portion of its rights and obligations under this Agreement in respect of its Loans or Commitments to any Parent Entity, the Borrower,
any Subsidiary or an Affiliated Lender and (y) any Parent Entity, the Borrower and any Subsidiary may, from time to
time, purchase or prepay Loans, in each case, on a non-pro rata basis through (1) Dutch auction procedures open to
all applicable Lenders on a pro rata basis in accordance with customary procedures to be agreed between the Borrower and the Administrative
Agent (or other applicable agent managing such auction); provided that (A) any such Dutch auction by the Borrower
or its Subsidiaries shall be made in accordance with Subsection 4.4(h) and (B) any such Dutch auction by any Parent
Entity shall be made on terms substantially similar to Subsection 4.4(h) or on other terms to be agreed between such Parent
Entity and the Administrative Agent (or other applicable agent managing such auction) or (2) open market purchases;
provided further that:

 

(1)         such
Affiliated Lender and such other Lender shall execute and deliver to the Administrative Agent an assignment agreement substantially
in the form of Exhibit M hereto (an “Affiliated Lender Assignment and Assumption”) and the Administrative
Agent shall record such assignment in the Register;

 

    	 	- 188 -	 

     

    

 

(2)         at
the time of such assignment after giving effect to such assignment, the aggregate principal amount of all Term Loans held (or participated
in) by Affiliated Lenders that are not Affiliated Debt Funds shall not exceed 25.0% of the aggregate principal amount of all Term
Loans outstanding under this Agreement;

 

(3)         any
such Term Loans acquired by (x) the Borrower or a Restricted Subsidiary shall be retired or cancelled promptly upon the
acquisition thereof and (y) an Affiliated Lender may, with the consent of the Borrower, be contributed to the Borrower,
whether through a Parent Entity or otherwise, and exchanged for debt or equity securities of the Borrower or such Parent Entity
that are otherwise permitted to be issued at such time pursuant to the terms of this Agreement, so long as any Term Loans so acquired
by the Borrower shall be retired and cancelled promptly upon the acquisition thereof; and

 

(4)         no
Incremental Revolving Commitments (or related Obligations) may be assigned to any Affiliated Lender that is not an Affiliated Debt
Fund.

 

(y) Each Lender
making an assignment to, or taking an assignment from, an Affiliated Lender acknowledges and agrees that in connection with such
assignment, (1) such Affiliated Lender then may have, and later may come into possession of Excluded Information, (2) such Lender
has independently and, without reliance on the Affiliated Lender, the Borrower, any of its Subsidiaries, the Administrative Agent
or any of their respective Affiliates, has made its own analysis and determination to enter into such assignment notwithstanding
such Lender’s lack of knowledge of the Excluded Information and (3) none of the Borrower, its Subsidiaries, the Administrative
Agent, or any of their respective Affiliates shall have any liability to such Lender, and such Lender hereby waives and releases,
to the extent permitted by law, any claims such Lender may have against the Borrower, its Subsidiaries, the Administrative Agent,
and their respective Affiliates, under applicable laws or otherwise, with respect to the nondisclosure of the Excluded Information.
Each Lender entering into such an assignment further acknowledges that the Excluded Information may not be available to the Administrative
Agent or the other Lenders.

 

(ii)         Notwithstanding
anything to the contrary in this Agreement, no Affiliated Lender that is not an Affiliated Debt Fund shall have any right to (A)
attend (including by telephone) any meeting or discussions (or portion thereof) among the Administrative Agent or any Lender to
which representatives of the Loan Parties are not invited, (B) receive any information or material prepared by the Administrative
Agent or any Lender or any communication by or among the Administrative Agent and/or one or more Lenders, except to the extent
such information or materials have been made available to the Borrower or its representatives or (C) receive advice of counsel
to the Administrative Agent, the Collateral Agent or any other Lender or challenge their attorney client privilege.

 

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(iii)        Notwithstanding
anything in Subsection 11.1 or the definitions of “Required Lenders” and “Required Majority in Interest
Lenders” to the contrary, for purposes of determining whether the Required Lenders or the Required Majority in Interest Lenders
have (A) consented (or not consented) to any amendment or waiver of any provision of this Agreement or any other Loan
Document or any departure by any Loan Party therefrom, (B) otherwise acted on any matter related to any Loan Document, or
(C) directed or required the Administrative Agent or any Lender to undertake any action (or refrain from taking any action)
with respect to or under any Loan Document, an Affiliated Lender that is not an Affiliated Debt Fund shall be deemed to have voted
its interest as a Lender without discretion in the same proportion as the allocation of voting with respect to such matter by Lenders
who are not such Affiliated Lenders; provided that, (I) to the extent Lenders are being compensated by the Borrower
for consenting to an amendment, modification, waiver or any other action, each Affiliated Lender who has been deemed to have voted
its Loans in accordance with this Subsection 11.6(h)(iii) shall be entitled to be compensated on the same basis as each
consenting Lender as if it had voted all of its Loans in favor of the applicable amendment, modification, waiver or other action);
and (II) no amendment, modification, waiver, consent or other action with respect to any Loan Document shall deprive such
Affiliated Lender of its ratable share of any payments of Loans of any class to which such Affiliated Lender is entitled under
the Loan Documents without such Affiliated Lender providing its consent; provided, further, that such Affiliated
Lender shall have the right to approve any amendment, modification, waiver or consent that (x) disproportionately and
adversely affects such Affiliated Lender or affects such Affiliated Lender differently than other Lenders or (y) is of the
type described in Subsections 11.1(a)(i) through (iv)); and in furtherance of the foregoing, (x) the Affiliated
Lender agrees to execute and deliver to the Administrative Agent any instrument reasonably requested by the Administrative Agent
to evidence the voting of its interest as a Lender in accordance with the provisions of this Subsection 11.6(h)(iii); provided
that if the Affiliated Lender fails to promptly execute such instrument such failure shall in no way prejudice any of the Administrative
Agent’s rights under this Subsection 11.6(h)(iii) and (y) the Administrative Agent is hereby appointed (such
appointment being coupled with an interest) by such Affiliated Lender as such Affiliated Lender’s attorney-in-fact, with
full authority in the place and stead of such Affiliated Lender and in the name of such Affiliated Lender, from time to time in
the Administrative Agent’s discretion to take any action and to execute any instrument that the Administrative Agent may
deem reasonably necessary to carry out the provisions of this Subsection 11.6(h)(iii).

 

(iv)         Each
Affiliated Lender that is not an Affiliated Debt Fund, solely in its capacity as a Lender, hereby agrees, and each Affiliated Lender
Assignment and Assumption agreement shall provide a confirmation that, if any of the Borrower or any Restricted Subsidiary shall
be subject to any voluntary or involuntary bankruptcy, reorganization, insolvency or liquidation proceeding (each, a “Bankruptcy
Proceeding”), (i) such Affiliated Lender shall not take any step or action in such Bankruptcy Proceeding to object
to, impede, or delay the exercise of any right or the taking of any action by the Administrative Agent (or the taking of any action
by a third party that is supported by the Administrative Agent) in relation to such Affiliated Lender’s claim with respect
to its Term Loans (“Claim”) (including objecting to any debtor in possession financing, use of cash collateral,
grant of adequate protection, sale or disposition, compromise, or plan of reorganization) so long as such Affiliated Lender is
treated in connection with such exercise or action on the same or better terms as the other Lenders and (ii) (with respect
to any matter requiring the vote of Lenders during the pendency of a Bankruptcy Proceeding (including voting on any plan of reorganization),
the Term Loans held by such Affiliated Lender (and any Claim with respect thereto) shall be deemed to be voted in accordance with
Subsection 11.6(h)(iii) above so long as such Affiliated Lender is treated in connection with the exercise of such right
or taking of such action on the same or better terms as other Lenders. For the avoidance of doubt, the Lenders and each Affiliated
Lender that is not an Affiliated Debt Fund agree and acknowledge that the provisions set forth in this Subsection 11.6(h)(iv)
and the related provisions set forth in each Affiliated Lender Assignment and Assumption constitute a “subordination agreement”
as such term is contemplated by, and utilized in, Section 510(a) of the United States Bankruptcy Code, and, as such, it is their
intention that this Subsection 11.6(h)(iv) would be enforceable for all purposes in any case where the Borrower or any Restricted
Subsidiary has filed for protection under any law relating to bankruptcy, insolvency or reorganization or relief of debtors applicable
to the Borrower or such Restricted Subsidiary, as applicable. Each Affiliated Lender that is not an Affiliated Debt Fund hereby
irrevocably appoints the Administrative Agent (such appointment being coupled with an interest) as such Affiliated Lender’s
attorney-in-fact, with full authority in the place and stead of such Affiliated Lender and in the name of such Affiliated Lender
(solely in respect of Loans, Commitments and participations therein and not in respect of any other claim or status such Affiliated
Lender may otherwise have), from time to time in the Administrative Agent’s discretion to take any action and to execute
any instrument that the Administrative Agent may deem reasonably necessary to carry out the provisions of this Subsection 11.6(h)(iv).

 

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(i)          Notwithstanding
anything to the contrary in this Agreement, Subsection 11.1 or the definitions of “Required Lenders” and “Required
Majority in Interest Lenders” (x) with respect to any assignment or participation to or by an Affiliated Debt Fund,
such assignment or participation shall be made pursuant to an open market purchase and (y) for purposes of determining whether
the Required Lenders or the Required Majority in Interest Lenders, as applicable, have (i) consented (or not consented)
to any amendment, supplement, modification, waiver, consent or other action with respect to any of the terms of any Loan Document
or any departure by any Loan Party therefrom, (ii) otherwise acted on any matter related to any Loan Document, or (iii)
directed or required the Administrative Agent, Collateral Agent or any Lender to undertake any action (or refrain from taking any
action) with respect to or under any Loan Document, all Term Loans held by Affiliated Debt Funds may not account for more than
50.0% of the Term Loans of consenting Lenders included in determining whether the Required Lenders or the Required Majority in
Interest Lenders have consented to any action pursuant to Subsection 11.1.

 

(j)          Notwithstanding
the foregoing provisions of this Subsection 11.6, nothing in this Subsection 11.6 is intended to or should be construed
to limit the Borrower’s right to prepay the Loans as provided hereunder, including under Subsection 4.4.

 

(k)          (i)
Notwithstanding anything contained in this Agreement or any other Loan Document to the contrary, if any Lender or Participant at
any time is or becomes a Disqualified Party, then for so long as such Lender or Participant shall be a Disqualified Party, the
provisions of this Subsection 11.6(k) shall apply with respect to such Disqualified Party unless the Borrower shall have
otherwise expressly consented in writing in its sole discretion (and regardless of whether the Borrower shall have consented to
any assignment or participation to such Lender or Participant).

 

    	 	- 191 -	 

     

    

 

(ii)         Any
Disqualified Party shall be bound by the provisions of, but shall not have any rights or remedies or be a beneficiary (whether
as a Lender, a Participant or otherwise) under or with respect to, this Agreement or any other Loan Document. Without limiting
the foregoing, a Disqualified Party (1) shall not be entitled to and shall have no right to receive any payment in respect
of principal (other than with respect to payments of principal on the Maturity Date for the applicable Tranche), interest, fees,
costs, expenses or any other amount under or in respect of any Loan Document, including but not limited to pursuant to Subsection
2.2, 2.6(c), 4.1, 4.4, 4.5, 4.8, 4.10, 4.11, 4.12, 11.5, 11.6(c)
or 11.7 of this Agreement, Subsection 9.4 of the Guarantee and Collateral Agreement or any similar provision of any other
Loan Document, and (2) shall be deemed not to be (w) a Secured Party (as defined in the Guarantee and Collateral
Agreement or any other applicable Security Document) under or in respect of any Loan Document, (x) a Term Loan Secured Party
(as defined in the ABL/Term Loan Intercreditor Agreement) under or in respect of the ABL/Term Loan Intercreditor Agreement, (y)
an Original Senior Lien Creditor (as defined in any Junior Lien Intercreditor Agreement) under or in respect of such Junior Lien
Intercreditor Agreement or (z) the analogous party under or in respect of any Other Intercreditor Agreement. No fees or
interest shall accrue for the account of a Disqualified Party (except solely for interest payable to a permitted assignee thereof
following an assignment to such assignee (1) pursuant to and as expressly provided in Subsection 11.6(b) and (2)
pursuant to and as expressly provided in Subsection 11.6(k)(iv) below).

 

(iii)        No
Disqualified Party shall have any right to approve, disapprove or consent to any amendment, supplement, waiver or modification
of this Agreement or any other Loan Document or any term hereof or thereof. In determining whether the requisite Lender or Lenders
have consented to any such amendment, supplement, waiver or modification, and in determining the Required Lenders or the Required
Majority in Interest Lenders for any purpose under or in respect of any Loan Document, any Lender that is a Disqualified Party
(and the Loans and/or Commitments of such Disqualified Party) shall be excluded and disregarded. Each such amendment, supplement,
waiver or modification shall be binding and effective as to each Disqualified Party.

 

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(iv)         The
Borrower shall have the right (A) at the sole expense of any Lender that is a Disqualified Party and/or the Person that
assigned its Commitments and/or Loans to such Disqualified Party, to seek to replace or terminate such Disqualified Party as a
Lender by causing such Lender to (and such Lender shall be obligated to) assign any or all of its Commitments and/or Loans and
its rights and obligations under this Agreement to one or more assignees (which may, at the Borrower’s sole option, be or
include any Parent Entity, the Borrower or any Subsidiary); provided that (1) the Administrative Agent shall not
have any obligation to the Borrower to find such a replacement Lender, (2) the Borrower shall not have any obligation to
such Disqualified Party or any other Person to find such a replacement Lender or accept or consent to any such assignment to itself
or any other Person and (3) the assignee (or, at its option, the Borrower) shall pay to such Disqualified Party concurrently
with such assignment an amount (which payment shall be deemed payment in full) equal to the lesser of (x) the face principal
amount of the Loans so assigned, (y) the amount that such Disqualified Party paid to acquire such Commitments and/or Loans,
and (z) the most recently available quoted price for such Commitments and/or Loans (as determined by the Borrower in good
faith, which determination shall be conclusive, the “Trading Price”), in each case without interest thereon
(it being understood that if the effective date of such assignment is not an Interest Payment Date, such assignee shall be entitled
to receive on the next succeeding Interest Payment Date interest on the principal amount of the Loans so assigned that has accrued
and is unpaid from the Interest Payment Date last preceding such effective date (except as may be otherwise agreed between such
assignee and the Borrower)), or (B) to prepay any Loans held by such Disqualified Party, in whole or in part, by paying
an amount (which payment shall be deemed payment in full) equal to the lesser of (x) the face principal amount of the Loans
so prepaid, (y) the amount that such Disqualified Party paid to acquire such Loans, and (z) the Trading Price for
such Loans (in each case without interest thereon), and if applicable, terminate the Commitments of such Disqualified Party, in
whole or in part. In connection with any such replacement, (1) if the Disqualified Party does not execute and deliver to
the Administrative Agent a duly completed Assignment and Acceptance and/or any other documentation necessary or appropriate (in
the good faith determination of the Administrative Agent or the Borrower, which determination shall be conclusive) to reflect such
replacement by the later of (a) the date on which the replacement Lender executes and delivers such Assignment and Acceptance
and/or such other documentation and (b) the date as of which the Disqualified Party shall be paid by the assignee Lender
(or, at its option, the Borrower) the amount required pursuant to this Subsection 11.6(k)(iv)(B), then such Disqualified
Party shall be deemed to have executed and delivered such Assignment and Acceptance and/or such other documentation as of such
date and the Borrower shall be entitled (but not obligated) to execute and deliver such Assignment and Acceptance and/or such other
documentation on behalf of such Disqualified Party, and the Administrative Agent shall record such assignment in the Register,
(2) each Lender (whether or not then a party hereto) agrees to disclose to the Borrower the amount that the applicable Disqualified
Party paid to acquire Commitments and/or Loans from such Lender and (3) each Lender that is a Disqualified Party agrees
to disclose to the Borrower the amount it paid to acquire the Commitments and/or Loans held by it.

 

(v)          No
Disqualified Party (whether as a Lender, a Participant or otherwise) shall have any right to (A) receive any information
or material made available to any Lender or the Administrative Agent hereunder or under any other Loan Document, (B) have
access to any Internet or intranet website to which any of the Lenders and the Administrative Agent have access (whether a commercial,
third-party or other website or whether sponsored by the Administrative Agent, the Borrower or otherwise), (C) attend (including
by telephone) or otherwise participate in any meeting or discussions (or portions thereof) among or with any of the Borrower, the
Administrative Agent and/or one or more Lenders, (D) receive any information or material prepared by the Borrower, the Administrative
Agent and/or one or more Lenders or (E) receive advice of counsel to the Administrative Agent, the Collateral Agent or any
other Lender or challenge their attorney client privilege. Any Disqualified Party shall not solicit or seek to obtain any such
information or material. If at any time any Disqualified Party receives or possesses any such information or material, such Disqualified
Party shall (1) notify the Borrower as soon as possible that such information or material has become known to it or came
into its possession, (2) immediately return to the Borrower or, at the option of the Borrower, destroy (and confirm to the
Borrower such destruction) such information or material, together with any notes, analyses, compilations, forecasts, studies or
other documents related thereto which it or its advisors prepared and (3) keep such information or material confidential
and shall not utilize such information or material for any purpose. Each Lender (whether or not then a party hereto) agrees to
notify the Borrower as soon as possible if it becomes aware that (x) it made an assignment to or has a participation with
a Disqualified Party or (y) any such Disqualified Party has received any such information of materials.

 

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(vi)         The
rights and remedies of the Borrower provided herein are cumulative and are not exclusive of any other rights and remedies provided
to the Borrower at law or in equity, and the Borrower shall be entitled to pursue any remedy available to it against any Lender
that has (or has purported to have) made an assignment or sold or maintained a participation to or with a Disqualified Party or
against any Disqualified Party. In no event shall the Administrative Agent be obligated to ascertain, monitor or inquire as to
whether any prospective assignee pursuant to Subsection 11.6(b) is a Disqualified Party or have any liability with respect
to or arising out of any assignment or participation of Loans by the Lenders or disclosure of confidential information by the Lenders,
in each case, to any Disqualified Party; provided that, unless the Borrower has consented to an assignment to an applicable
Disqualified Party, this sentence shall not relieve the Administrative Agent of any liability arising from the bad faith, gross
negligence or willful misconduct of the Administrative Agent (as determined by a court of competent jurisdiction in a final and
non-appealable decision).

 

(vii)        Notwithstanding
any other provision of this Agreement, any other Loan Document, any Assignment and Acceptance or any other document, the provisions
of this Subsection 11.6(k) shall apply and survive with respect to each Lender, Participant and Disqualified Party
notwithstanding that any such Person may have ceased to be a Lender or Participant (or any purported participation to any such
Disqualified Party shall be void) hereunder or this Agreement may have been terminated.

 

11.7         Adjustments;
Set-off; Calculations; Computations. (a) If any Lender (a “Benefited Lender”) shall at any time receive
any payment of all or part of its Loans, or interest thereon, or receive any collateral in respect thereof (whether voluntarily
or involuntarily, by set-off, pursuant to events or proceedings of the nature referred to in Subsection 9.1(f), or otherwise
(except pursuant to Subsection 2.6, 2.7, 2.8, 2.9, 4.4, 4.5(b), 4.9, 4.10,
4.11, 4.12, 4.13(d), 4.14, 11.1(g) or 11.6)), in a greater proportion than any such payment
to or collateral received by any other Lender, if any, in respect of such other Lender’s Loans owing to it, or interest thereon,
such Benefited Lender shall purchase for cash from the other Lenders an interest (by participation, assignment or otherwise) in
such portion of each such other Lender’s Loans owing to it, or shall provide such other Lenders with the benefits of any
such collateral, or the proceeds thereof, as shall be necessary to cause such Benefited Lender to share the excess payment or benefits
of such collateral or proceeds ratably with each of the Lenders; provided, however, that if all or any portion of
such excess payment or benefits is thereafter recovered from such Benefited Lender, such purchase shall be rescinded, and the purchase
price and benefits returned, to the extent of such recovery, but without interest.

 

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(b)          In
addition to any rights and remedies of the Lenders provided by law, each Lender shall have the right, without prior notice to the
Borrower, any such notice being expressly waived by the Borrower to the extent permitted by applicable law, upon the occurrence
of an Event of Default under Subsection 9.1(a) to set-off and appropriate and apply against any amount then due and payable
under Subsection 9.1(a) by the Borrower any and all deposits (general or special, time or demand, provisional or final),
in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute
or contingent, matured or unmatured, at any time held or owing by such Lender or any branch or agency thereof to or for the credit
or the account of the Borrower. Each Lender agrees promptly to notify the Borrower and the Administrative Agent after any such
set-off and application made by such Lender, provided that the failure to give such notice shall not affect the validity
of such set-off and application.

 

11.8         Judgment.
(a) If, for the purpose of obtaining or enforcing judgment against any Loan Party in any court in any jurisdiction, it becomes
necessary to convert into any other currency (such other currency being hereinafter in this Subsection 11.8 referred to
as the “Judgment Currency”) an amount due under any Loan Document in any currency (the “Obligation
Currency”) other than the Judgment Currency, the conversion shall be made at the rate of exchange prevailing on the Business
Day immediately preceding the date of actual payment of the amount due, in the case of any proceeding in the courts of any other
jurisdiction that will give effect to such conversion being made on such date, or the date on which the judgment is given, in the
case of any proceeding in the courts of any other jurisdiction (the applicable date as of which such conversion is made pursuant
to this Subsection 11.8 being hereinafter in this Subsection 11.8 referred to as the “Judgment Conversion
Date”).

 

(b)          If,
in the case of any proceeding in the court of any jurisdiction referred to in Subsection 11.8(a), there is a change in the
rate of exchange prevailing between the Judgment Conversion Date and the date of actual receipt for value of the amount due, the
applicable Loan Party shall pay such additional amount (if any, but in any event not a lesser amount) as may be necessary to ensure
that the amount actually received in the Judgment Currency, when converted at the rate of exchange prevailing on the date of payment,
will produce the amount of the Obligation Currency which could have been purchased with the amount of the Judgment Currency stipulated
in the judgment or judicial order at the rate of exchange prevailing on the Judgment Conversion Date. Any amount due from any Loan
Party under this Subsection 11.8(b) shall be due as a separate debt and shall not be affected by judgment being obtained
for any other amounts due under or in respect of any of the Loan Documents.

 

(c)          The
term “rate of exchange” in this Subsection 11.8 means the rate of exchange at which the Administrative Agent,
on the relevant date at or about 12:00 noon, New York City time, would be prepared to sell, in accordance with its normal course
foreign currency exchange practices, the Obligation Currency against the Judgment Currency.

 

    	 	- 195 -	 

     

    

 

11.9          Counterparts.
This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts (including
by telecopy and other electronic transmission), and all of such counterparts taken together shall be deemed to constitute one and
the same instrument. A set of the copies of this Agreement signed by all the parties shall be delivered to the Borrower and the
Administrative Agent.

 

11.10         Severability.
Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition
or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

11.11         Integration.
This Agreement and the other Loan Documents represent the entire agreement of each of the Loan Parties party hereto, the Administrative
Agent and the Lenders with respect to the subject matter hereof, and there are no promises, undertakings, representations or warranties
by any of the Loan Parties party hereto, the Administrative Agent or any Lender relative to the subject matter hereof not expressly
set forth or referred to herein or in the other Loan Documents.

 

11.12         Governing
Law. THIS AGREEMENT AND ANY NOTES AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT AND ANY NOTES SHALL BE
GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ITS PRINCIPLES
OR RULES OF CONFLICT OF LAWS TO THE EXTENT SUCH PRINCIPLES OR RULES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND WOULD REQUIRE
OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.

 

11.13         Submission
to Jurisdiction; Waivers. Each party hereto hereby irrevocably and unconditionally:

 

(a)          submits
for itself and its property in any legal action or proceeding relating to this Agreement and the other Loan Documents to which
it is a party to the exclusive general jurisdiction of the Supreme Court of the State of New York for the County of New York (the
“New York Supreme Court”), and the United States District Court for the Southern District of New York (the “Federal
District Court”, and together with the New York Supreme Court, the “New York Courts”) and appellate
courts from either of them; provided that nothing in this Agreement shall be deemed or operate to preclude (i) any
Agent from bringing suit or taking other legal action in any other jurisdiction to realize on the Collateral or any other security
for the Term Loan Facility Obligations (in which case any party shall be entitled to assert any claim or defense, including any
claim or defense that this Subsection 11.13 would otherwise require to be asserted in a legal action or proceeding in a
New York Court), or to enforce a judgment or other court order in favor of the Administrative Agent or the Collateral Agent, (ii)
any party from bringing any legal action or proceeding in any jurisdiction for the recognition and enforcement of any judgment,
(iii) if all such New York Courts decline jurisdiction over any Person, or decline (or in the case of the Federal District
Court, lack) jurisdiction over any subject matter of such action or proceeding, a legal action or proceeding may be brought with
respect thereto in another court having jurisdiction and (iv) in the event a legal action or proceeding is brought against
any party hereto or involving any of its assets or property in another court (without any collusive assistance by such party or
any of its Subsidiaries or Affiliates), such party from asserting a claim or defense (including any claim or defense that this
Subsection 11.13(a) would otherwise require to be asserted in a legal proceeding in a New York Court) in any such action
or proceeding;

 

    	 	- 196 -	 

     

    

 

(b)          consents
that any such action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have to
the venue of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient forum
and agrees not to plead or claim the same;

 

(c)          agrees
that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail
(or any substantially similar form of mail), postage prepaid, to the Borrower, the applicable Lender or the Administrative Agent,
as the case may be, at the address specified in Subsection 11.2 or at such other address of which the Administrative Agent,
any such Lender and the Borrower shall have been notified pursuant thereto;

 

(d)          agrees
that nothing herein shall affect the right to effect service of process in any other manner permitted by law or (subject to clause
(a) above) shall limit the right to sue in any other jurisdiction; and

 

(e)          waives,
to the maximum extent not prohibited by law, any right it may have to claim or recover in any legal action or proceeding referred
to in this Subsection 11.13 any consequential or punitive damages.

 

11.14         Acknowledgements.
The Borrower hereby acknowledges that:

 

(a)          it
has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Loan Documents;

 

(b)          neither
any Agent nor any Other Representative or Lender has any fiduciary relationship with or duty to the Borrower arising out of or
in connection with this Agreement or any of the other Loan Documents, and the relationship between the Administrative Agent and
Lenders, on the one hand, and the Borrower, on the other hand, in connection herewith or therewith is solely that of creditor and
debtor; and

 

(c)          no
joint venture is created hereby or by the other Loan Documents or otherwise exists by virtue of the transactions contemplated hereby
and thereby among the Lenders or among the Borrower and the Lenders.

 

11.15         Waiver
of Jury Trial. EACH OF THE BORROWER, THE AGENTS AND THE LENDERS HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY
IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY NOTES OR ANY OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.

 

    	 	- 197 -	 

     

    

 

11.16         Confidentiality.
(a) Each Agent, each Other Representative and each Lender agrees to keep confidential any information (a) provided to it
by or on behalf of the Borrower or any of their respective Subsidiaries pursuant to or in connection with the Loan Documents or
(b) obtained by such Lender based on a review of the books and records of the Borrower or any of their respective Subsidiaries;
provided that nothing herein shall prevent any Lender from disclosing any such information (i) to any Agent, any
Other Representative or any other Lender, (ii) to any Transferee, or prospective Transferee or any creditor or any actual
or prospective counterparty (or its advisors) to any swap or derivative transaction relating to the Borrower and its obligations
which agrees to comply with the provisions of this Subsection 11.16 pursuant to a written instrument (or electronically
recorded agreement from any Person listed above in this clause (ii), in respect to any electronic information (whether posted or
otherwise distributed on any Platform)) for the benefit of the Borrower (it being understood that each relevant Lender shall be
solely responsible for obtaining such instrument (or such electronically recorded agreement)), (iii) to its Affiliates and
the employees, officers, partners, directors, agents, attorneys, accountants and other professional advisors of it and its Affiliates,
provided that such Lender shall inform each such Person of the agreement under this Subsection 11.16 and take
reasonable actions to cause compliance by any such Person referred to in this clause (iii) with this agreement (including, where
appropriate, to cause any such Person to acknowledge its agreement to be bound by the agreement under this Subsection 11.16),
(iv) upon the request or demand of any Governmental Authority having jurisdiction over such Lender or its affiliates or
to the extent required in response to any order of any court or other Governmental Authority or as shall otherwise be required
pursuant to any Requirement of Law, provided that, other than with respect to any disclosure to any bank regulatory authority,
such Lender shall, unless prohibited by any Requirement of Law, notify the Borrower of any disclosure pursuant to this clause (iv)
as far in advance as is reasonably practicable under such circumstances, (v) which has been publicly disclosed other than
in breach of this Agreement, (vi) in connection with the exercise of any remedy hereunder, under any Loan Document or under
any Interest Rate Agreement, (vii) in connection with periodic regulatory examinations and reviews conducted by the National
Association of Insurance Commissioners or any Governmental Authority having jurisdiction over such Lender or its affiliates (to
the extent applicable), (viii) in connection with any litigation to which such Lender (or, with respect to any Interest
Rate Agreement, any Affiliate of any Lender party thereto) may be a party subject to the proviso in clause (iv) above, and (ix)
if, prior to such information having been so provided or obtained, such information was already in an Agent’s or a Lender’s
possession on a non-confidential basis without a duty of confidentiality to the Borrower or any of its Subsidiaries being violated.
In addition, the Administrative Agent may disclose (i) the existence of this Agreement, the global amount, currency and
maturity date of any Facility hereunder, and the legal name, country of domicile and jurisdiction of organization of the Borrower,
to the CUSIP Bureau and other similar market data collectors or service providers to the lending industry, provided that
either such information shall have been previously made publicly available by the Borrower, or the Administrative Agent shall have
obtained the written consent of the Borrower (such consent not to be unreasonably withheld or delayed), prior to making such disclosure,
and (ii) information about this Agreement to service providers to the Administrative Agent to the extent customary in connection
with the administration and management of this Agreement, the other Loan Documents, the Initial Term Loan Commitments, the Incremental
Commitments, and the Loans, provided that any such Person is advised of and agrees to be bound by the provisions of this
Subsection 11.16 and the Administrative Agent takes reasonable actions to cause such Person to comply herewith. Notwithstanding
any other provision of this Agreement, any other Loan Document or any Assignment and Acceptance, the provisions of this Subsection
11.16 shall survive with respect to each Agent and Lender until the second anniversary of such Agent or Lender ceasing to be
an Agent or a Lender, respectively.

 

    	 	- 198 -	 

     

    

 

(b)          Each
Lender acknowledges that any such information referred to in Subsection 11.16(a), and any information (including requests
for waivers and amendments) furnished by the Borrower or any of its Subsidiaries or the Administrative Agent pursuant to or in
connection with this Agreement and the other Loan Documents, may include material non-public information concerning the Borrower
or any of its Subsidiaries, the other Loan Parties and their respective Affiliates or their respective securities. Each Lender
represents and confirms that such Lender has developed compliance procedures regarding the use of material non-public information;
that such Lender will handle such material non-public information in accordance with those procedures and applicable law, including
United States federal and state securities laws; and that such Lender has identified to the Administrative Agent a credit contact
who may receive information that may contain material non-public information in accordance with its compliance procedures and applicable
law.

 

11.17         Incremental
and Other New Indebtedness; Additional Indebtedness. In connection with the Incurrence by any Loan Party or any Subsidiary
thereof of any Incremental Indebtedness, Rollover Indebtedness, Specified Refinancing Indebtedness or Additional Indebtedness,
each of the Administrative Agent and the Collateral Agent agrees to execute and deliver the ABL/Term Loan Intercreditor Agreement,
any Junior Lien Intercreditor Agreement or any Other Intercreditor Agreement or any Intercreditor Agreement Supplement and amendments,
amendments and restatements, restatements or waivers of or supplements to or other modifications to, any Security Document (including
but not limited to any Mortgages and UCC fixture filings), and to make or consent to any filings or take any other actions in connection
therewith, as may be reasonably deemed by the Borrower to be necessary or reasonably desirable for any Lien on the assets of any
Loan Party permitted to secure such Incremental Indebtedness, Rollover Indebtedness, Specified Refinancing Indebtedness or Additional
Indebtedness to become a valid, perfected lien (with such priority as may be designated by the relevant Loan Party or Subsidiary,
to the extent such priority is permitted by the Loan Documents) pursuant to the Security Document being so amended, amended and
restated, restated, waived, supplemented or otherwise modified or otherwise.

 

11.18         USA
PATRIOT Act Notice. Each Lender hereby notifies the Borrower that pursuant to the requirements of the USA PATRIOT Act (Title
III of Pub.L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”), it is required to obtain, verify,
and record information that identifies the Borrower, which information includes the name of the Borrower and other information
that will allow such Lender to identify the Borrower in accordance with the Patriot Act, and the Borrower agrees to provide such
information from time to time to any Lender.

 

    	 	- 199 -	 

     

    

 

11.19         Electronic
Execution of Assignments and Certain Other Documents. The words “execution,” “signed,” “signature,”
and words of like import in any Assignment and Acceptance or Affiliated Lender Assignment and Assumption or in any amendment or
other modification hereof (including waivers and consents) shall be deemed to include electronic signatures 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
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.

 

11.20         Reinstatement.
This Agreement shall remain in full force and effect and continue to be effective should any petition or other proceeding be filed
by or against any Loan Party for liquidation or reorganization, should any Loan Party become insolvent or make an assignment for
the benefit of any creditor or creditors or should an interim receiver, receiver, receiver and manager or trustee be appointed
for all or any significant part of any Loan Party’s assets, and shall continue to be effective or to be reinstated, as the
case may be, if at any time payment and performance of the obligations of the Borrower under the Loan Documents, or any part thereof,
is, pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or returned by any obligee of the
obligations, whether as a fraudulent preference, reviewable transaction or otherwise, all as though such payment or performance
had not been made. In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned, the obligations
of the Borrower hereunder shall be reinstated and deemed reduced only by such amount paid and not so rescinded, reduced, restored
or returned.

 

11.21         Acknowledgement
and Consent to Bail-In of EEA Financial Institutions. Notwithstanding anything to the contrary in any Loan Document, each party
hereto acknowledges that any liability of any party hereto that is an EEA Financial Institution arising or under any Loan Document,
to the extent such liability is unsecured (all such liabilities, other than any Excluded Liability, the “Covered Liabilities”),
may be subject to Write-Down and Conversion Powers and agrees and consents to, and acknowledges and agrees to be bound by:

 

(a)          the
application of Write-Down and Conversion Powers to any Covered Liability arising under any Loan Document 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 Covered Liability, including, if applicable:

 

(i)          a
reduction in full or in part or cancellation of any such Covered Liability;

 

(ii)         a
conversion of all, or a portion of, such Covered Liability into shares or other instruments of ownership in such EEA Financial
Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such
shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such Covered Liability
under any Loan Document; or

 

    	 	- 200 -	 

     

    

 

(iii)        the
variation of the terms of such Covered Liability in connection with the exercise of Write-Down and Conversion Powers.

 

Notwithstanding anything
to the contrary herein, nothing contained in this Subsection 11.21 shall modify or otherwise alter the rights or obligations
under this Agreement or any other Loan Document with respect to any liability that is not a Covered Liability.

 

[SIGNATURE PAGES FOLLOW]

 

    	 	- 201 -	 

     

    

 

IN WITNESS WHEREOF, the
parties hereto have caused this Agreement to be duly executed, all as of the date first written above.

 

	 	NCI BUILDING SYSTEMS, INC.

 

	 	By:	/s/ Mark E. Johnson
	 	 	Name:	Mark E. Johnson
	 	 	Title:   	Executive Vice President, Chief
	 	 	 	Financial Officer and Treasurer

 

[Signature
Page to NCI Term Loan Credit Agreement]

 

     

     

    

 

	 	AGENT AND LENDERS:
	 	 
	 	CREDIT SUISSE AG, CAYMAN ISLANDS

 BRANCH,
	 	as Administrative Agent and Collateral Agent

 

	 	By:	/s/ John D. Toronto
	 	 	Name:	John D. Toronto
	 	 	Title:	Authorized Signatory
	 	 	 	 
	 	By:	/s/ Shyam Kapadia
	 	 	Name:	Shyam Kapadia
	 	 	Title:	Authorized Signatory

 

[Signature
Page to NCI Term Loan Credit Agreement]

 

     

     

    

 

Execution Version

 

EXHIBIT A

to

TERM LOAN CREDIT AGREEMENT

 

FORM OF NOTE

 

THIS NOTE AND THE OBLIGATIONS EVIDENCED
HEREBY MAY NOT BE TRANSFERRED EXCEPT IN COMPLIANCE WITH THE TERMS AND PROVISIONS OF THE CREDIT AGREEMENT REFERRED TO BELOW. TRANSFERS
OF THIS NOTE AND THE OBLIGATIONS EVIDENCED HEREBY MUST BE RECORDED IN THE REGISTER MAINTAINED BY THE ADMINISTRATIVE AGENT PURSUANT
TO THE TERMS OF SUCH CREDIT AGREEMENT.

 

THIS NOTE IS BEING ISSUED WITH ORIGINAL
ISSUE DISCOUNT (“OID”) FOR U.S. FEDERAL INCOME TAX PURPOSES. FOR INFORMATION ABOUT THE ISSUE PRICE, THE AMOUNT OF OID,
THE ISSUE DATE AND THE YIELD TO MATURITY WITH RESPECT TO THIS NOTE, PLEASE CONTACT THE CHIEF FINANCIAL OFFICER AT (281) 897-7658.

 

	$	 	 	New York,

New York

[________ __, 20__]

 

FOR VALUE RECEIVED,
the undersigned, NCI BUILDING SYSTEMS, INC., a Delaware corporation (together with its successors and assigns, the “Borrower”),
hereby unconditionally promises to pay to [_____________] (the “Lender”) and its successors and assigns, at
the office of CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, located at Eleven Madison
Avenue New York, New York 10010, in lawful money of the United States of America and in immediately available funds, the aggregate
unpaid principal amount of the Term Loans made by the Lender to the undersigned pursuant to Subsection 2.1 of the Credit
Agreement referred to below, which sum shall be payable at such times and in such amounts as are specified in the Credit Agreement.
The Borrower further agrees to pay interest in like money at such office on the unpaid principal amount hereof from time to time
at the applicable rates per annum and on the dates set forth in Subsection 4.1 of the Credit Agreement until such principal
amount is paid in full (both before and after judgment).

 

     

     

    

 

EXHIBIT A

to

TERM LOAN CREDIT AGREEMENT

 

Page 2

 

This Note is one of
the Notes referred to in, and is subject in all respects to, the Term Loan Credit Agreement, dated as of February 8, 2018 (as the
same may be amended, restated, amended and restated, supplemented, waived or otherwise modified from time to time, the “Credit
Agreement”), among the Borrower, the several banks and other financial institutions from time to time party thereto (including
the Lender) (the “Lenders”) and CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,
as administrative agent for the Lenders and as collateral agent for the Secured Parties, and is entitled to the benefits thereof,
is secured and guaranteed as provided therein and is subject to optional and mandatory prepayment in whole or in part as provided
therein. Reference is hereby made to the Loan Documents for a description of the properties and assets in which a security interest
has been granted, the nature and extent of the security and the guarantees, the terms and conditions upon which the security interests
and each guarantee were granted and the rights of the holder of this Note in respect thereof. The holder hereof, by its acceptance
of this Note, agrees to the terms of, and to be bound by and to observe the provisions applicable to the Lenders contained in,
the Credit Agreement. Capitalized terms used herein which are defined in the Credit Agreement shall have such defined meanings
unless otherwise defined herein or unless the context otherwise requires.

 

Upon the occurrence
of any one or more of the Events of Default specified in the Credit Agreement, all amounts then remaining unpaid on this Note shall
become, or may be declared to be, immediately due and payable, all as provided therein.

 

All parties now and
hereafter liable with respect to this Note, whether maker, principal, surety, guarantor, endorser or otherwise, hereby waive, to
the maximum extent permitted by applicable law, presentment, demand, protest and all other notices of any kind under this Note.

 

THIS NOTE AND THE
RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW
OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICT OF LAWS TO THE EXTENT SUCH PRINCIPLES
OR RULES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND WOULD REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.

 

	 	NCI BUILDING SYSTEMS, INC.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

     

     

    

 

EXHIBIT B

to

TERM LOAN CREDIT AGREEMENT

 

FORM OF GUARANTEE AND COLLATERAL AGREEMENT

 

[Separately provided.]

 

     

     

    

 

EXHIBIT C

to

TERM LOAN CREDIT AGREEMENT

 

FORM OF MORTGAGE

 

[See attached.]

 

     

     

    

 

EXHIBIT C

to

TERM LOAN CREDIT AGREEMENT 

 

FORM OF MORTGAGE

 

1 This instrument was prepared in consultation with

counsel in the state in which the Premises is

located by the attorney named below and after

recording, please return to:

 

Davis Polk & Wardwell LLP

450 Lexington Avenue

New York, New York 10017

Attention: Jason Kyrwood

 

[_____________________]2

 

MORTGAGE, SECURITY AGREEMENT, ASSIGNMENT

OF LEASES AND RENTS AND FIXTURE FILING3

 

THIS MORTGAGE, SECURITY
AGREEMENT, ASSIGNMENT OF LEASES AND RENTS AND FIXTURE FILING (as the same may be amended, waived, supplemented or otherwise modified
from time to time, the “Mortgage”) is made and entered into as of the [___] day of [___________], 20[__________],
by [_________________________, a ____________________], with an address as of the date hereof at [___________________], Attention:
[_____________] (the “Mortgagor”), for the benefit of CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, with an address
as of the date hereof at [____________], in its capacities as Administrative Agent and Collateral Agent for the Secured
Parties (as such terms are defined in the Guarantee and Collateral Agreement defined below) (in such capacity, together with its
successors and assigns in such capacity, the “Mortgagee”).

 

RECITALS:

 

WHEREAS, pursuant to
that certain Credit Agreement, dated as of February 8, 2018 (as the same may be amended, waived, supplemented or otherwise modified
from time to time, together with any agreement extending the maturity of, or restructuring, refunding, refinancing or increasing
the Indebtedness under such agreement or successor agreements, the “Credit Agreement”), by and among NCI
Building Systems, Inc., a Delaware corporation (together with its successors and assigns, the “Borrower”),
the several banks and other financial institutions from time to time party thereto (as further defined in Subsection 1.1
of the Credit Agreement, the “Lenders”), the Collateral Agent, the Administrative Agent, and the other parties
party thereto, the Lenders have severally agreed to make extensions of credit to the Borrower upon the terms and subject to the
conditions set forth therein;

 

 

		1	Local counsel to advise as to any recording requirements
for the cover page, including any need for recording tax notifications or separate tax affidavits.

 

		2	Insert common address of the Premises.

 

		3	Conforming changes to be made, as necessary, if the security
instrument will be a deed of trust (as opposed to a mortgage).

 

     

     

    

 

WHEREAS, the Borrower
is a member of an affiliated group of companies that includes the Borrower’s Subsidiaries [and the Mortgagor]4;

 

WHEREAS, the proceeds
of the extensions of credit under the Credit Agreement will be used in part to enable the Borrower to make valuable transfers to
the Mortgagor in connection with the operation of its business;

 

WHEREAS, the Borrower
and the Mortgagor are engaged in related businesses, and each will derive substantial direct and indirect benefit from the making
of the extensions of credit under the Credit Agreement;

 

WHEREAS, the Mortgagor
is the owner of the fee simple interest in the real property described on Exhibit A attached hereto and incorporated herein
by reference;

 

WHEREAS, it is a condition
to the obligation of the Lenders to make their respective extensions of credit under the Credit Agreement that the Mortgagor shall
execute and deliver this Mortgage to the Mortgagee for the benefit of the Secured Parties;

 

WHEREAS, concurrently with the entering
into of the Credit Agreement, the Borrower and certain Domestic Subsidiaries of the Borrower have entered into that certain Term
Loan Guarantee and Collateral Agreement (as the same may be amended, waived, supplemented or otherwise modified from time to time,
the “Guarantee and Collateral Agreement”), in favor of the Mortgagee, in its capacity as Collateral Agent and
Administrative Agent for the Lenders from time to time parties to the Credit Agreement;

 

WHEREAS, the Mortgagor
will receive substantial benefit from the execution and performance of the obligations under the Credit Agreement, and is, therefore,
willing to enter into this Mortgage; and

 

WHEREAS, this Mortgage
is given by the Mortgagor in favor of the Mortgagee for the benefit of the Secured Parties to secure the payment and performance
of all of the Obligations (as defined in the Guarantee and Collateral Agreement) of the Mortgagor (such Obligations of the Mortgagor
being hereinafter referred to as the “Obligations”).

 

WITNESSETH:

 

NOW THEREFORE, the
Mortgagor, in consideration of the indebtedness herein recited and other good and valuable consideration, the receipt and sufficiency
of which are hereby acknowledged, has irrevocably granted, released, sold, remised, bargained, assigned, pledged, warranted, mortgaged,
transferred and conveyed, and does hereby grant, release, sell, remise, bargain, assign, pledge, warrant, mortgage, transfer and
convey to the Mortgagee, for the benefit of the Secured Parties, and the Mortgagee’s successors and assigns, with the power
of sale (subject to applicable law) a continuing security interest in and to, and lien upon, all of the Mortgagor’s right,
title and interest in and to the following described land, real property interests, buildings, improvements, fixtures and proceeds:

To be included
if Mortgagor is not included in the aforementioned list of entities.

 

 

		4	To be included if Mortgagor is not included in the aforementioned
list of entities.

 

    	 	6	 

     

    

 

(a)          All
that tract or parcel of land and other real property interests in [_____________] County, [______________], as more particularly
described in Exhibit A attached hereto and made a part hereof, together with any greater or additional estate therein as
hereafter may be acquired by the Mortgagor (collectively, the “Land”), and all of the Mortgagor’s right,
title and interest in and to rights appurtenant thereto, including, without limitation, mineral rights, air rights, water rights,
sewer rights, easement rights and rights of way;

 

(b)          All
buildings and improvements of every kind and description now or hereafter erected or placed on the Land (the “Improvements”),
and all fixtures now or hereafter owned by the Mortgagor and attached to or installed in and used in connection with the aforesaid
Land and Improvements (collectively, the “Fixtures”) (hereinafter, the Land, the Improvements and the Fixtures
may be collectively referred to as the “Premises”); and

 

(c)          Subject
to the terms of the Guarantee and Collateral Agreement and the Credit Agreement, any and all cash proceeds and noncash proceeds
from the conversion, voluntary or involuntary, of any of the Premises or any portion thereof into cash or liquidated claims, including
(i) proceeds of any insurance, indemnity, warranty, guaranty or claim payable to the Mortgagee or to the Mortgagor from time to
time with respect to any of the Premises, (ii) payments (in any form whatsoever) made or due and payable to the Mortgagor in connection
with any condemnation, seizure or similar proceeding and (iii) other amounts from time to time paid or payable under or in connection
with the Premises, including, without limitation, refunds of real estate taxes and assessments, including interest thereon, but
in each case under this clause (c) excluding Excluded Assets (as defined in the Guarantee and Collateral Agreement).

 

TO HAVE AND HOLD the
same, together with all privileges, hereditaments, easements and appurtenances thereunto belonging, subject to Liens permitted
by the Credit Agreement (including Permitted Liens), to the Mortgagee, for the benefit of the Secured Parties, to secure the Obligations;
provided that, upon (i) the Obligations Satisfaction Date (as defined below) or (ii) the full satisfaction
of the conditions set forth in the Credit Agreement for the release of this Mortgage in accordance with the terms thereof, the
lien and security interest of this Mortgage shall cease, terminate and be void and the Mortgagee or its successor or assign shall
at the sole cost and expense of the Mortgagor, promptly cause a release of this Mortgage to be filed in the appropriate office;
and until the Obligations are fully satisfied, it shall remain in full force and virtue.

 

As additional security
for said Obligations, subject to the Credit Agreement or the Guarantee and Collateral Agreement, as applicable, the Mortgagor hereby
unconditionally assigns to the Mortgagee, for the benefit of the Secured Parties, all the security deposits, rents, issues, profits
and revenues of the Premises from time to time accruing (the “Rents and Profits”), which assignment constitutes
a present, absolute and unconditional assignment and not an assignment for additional security only, reserving only to the Mortgagor
a license to collect and apply the same as the Mortgagor chooses as long as no Event of Default has occurred and is continuing.
Immediately upon the occurrence of and during the continuance of any Event of Default, whether or not legal proceedings have commenced
and without regard to waste, adequacy of security for the Obligations or solvency of the Mortgagor, the license granted in the
immediately preceding sentence shall automatically cease and terminate without any notice by the Mortgagee (such notice being hereby
expressly waived by the Mortgagor to the extent permitted by applicable law), or any action or proceeding or the intervention of
a receiver appointed by a court.

 

    	 	7	 

     

    

 

As additional collateral
and further security for the Obligations, subject to the Credit Agreement or the Guarantee and Collateral Agreement, as applicable,
the Mortgagor does hereby assign by way of security and grants to the Mortgagee, for the benefit of the Secured Parties, a security
interest in all of the right, title and the interest of the Mortgagor in and to any and all real property leases, rental agreements
and all other occupancy agreements (collectively, the “Leases”) with respect to the Premises or any part thereof,
and the Mortgagor agrees to execute and deliver to the Mortgagee such additional instruments, in form and substance reasonably
satisfactory to the Mortgagee, as may hereafter be reasonably requested by the Mortgagee to evidence and confirm said assignment;
provided, however, that acceptance of any such assignment shall not be construed to impose upon the Mortgagee any
obligation or liability with respect thereto.

 

The Mortgagor covenants,
represents and agrees as follows:

 

ARTICLE I

Obligations Secured

 

1.1          Obligations.
The Mortgagee and the Lenders have agreed to establish a secured credit facility in favor of the Borrower pursuant to the terms
of the Credit Agreement. This Mortgage is given to secure the payment and performance by the Mortgagor of the Obligations. [The
maximum amount of the Obligations secured hereby will not exceed $______,]5 [plus, to the extent permitted by applicable
law, collection costs, sums advanced for the payment of taxes, assessments, maintenance and repair charges, insurance premiums
and any other costs incurred to protect the security encumbered hereby or the lien hereof, expenses incurred by the Mortgagee by
reason of any default by the Mortgagor under the terms hereof, including reasonable out-of-pocket attorney’s fees, together
with interest thereon, all of which amounts shall be secured hereby.]6

 

Section 1.01         1.2           [Future]
Advances. This Mortgage is given to secure the Obligations of the Mortgagor and the repayment of the aforesaid obligations
(including, without limitation, the Obligations of the Mortgagor with respect to each advance of any Loan, any renewals or extensions
or modifications thereof upon the same or different terms or at the same or different rate of interest and also to secure all future
advances [and re-advances] thereof that may subsequently be made to the Mortgagor, the Borrower or any other Loan Party by the
Lenders pursuant to the Credit Agreement or any other Loan Document, and all renewals, modifications, replacements and extensions
thereof). The lien of such future advances [and re-advances] shall relate back to the date of this Mortgage. The Mortgagor agrees
that if the outstanding balance of any Obligation or all of the Loans, principal and interest, is ever repaid to zero, the lien
of this Mortgage shall not be or be deemed released or extinguished by operation of law or implied intent of the parties. This
Mortgage shall remain in full force and effect as to any further advances made under the Credit Agreement or any Hedging Agreement
(as defined in the Guarantee and Collateral Agreement), Bank Products Agreement (as defined in the Guarantee and Collateral Agreement)
or Management Guarantee (as defined in the Credit Agreement) (entered into with any Bank Products Provider (as defined in the Guarantee
and Collateral Agreement), Hedging Provider (as defined in the Guarantee and Collateral Agreement) or Management Credit Provider
(as defined in the Guarantee and Collateral Agreement), as applicable), after any such zero balance until such time as the Loans
and the other Obligations (other than any Obligations owing to a Non-Lender Secured Party in respect of the provision of cash management
services) then due and owing shall have been paid in full (the date upon which all of such events have occurred, the “Obligations
Satisfaction Date”), or this Mortgage has been cancelled or released of record in accordance with the requirements of
the Credit Agreement, and the Mortgagor waives, to the fullest extent permitted by applicable law, the operation of any applicable
statute, case law or regulation having a contrary effect.

 

 

		5	To be included in states as required by applicable laws.

 

		6	To be included in states that impose mortgage recording
tax where maximum secured amount is capped at FMV.

 

    	 	8	 

     

    

 

ARTICLE II

Mortgagor’s Covenants, Representations
and Agreements

 

2.1          Title
to Property. The Mortgagor hereby represents and warrants to the Mortgagee and each other Secured Party that the representations
and warranties set forth in Section 5 of the Credit Agreement as they relate to the Mortgagor or to the Loan Documents to
which the Mortgagor is a party, each of which representations and warranties is hereby incorporated herein by reference, are true
and correct in all material respects, and the Mortgagee and each other Secured Party shall be entitled to rely on each of such
representations and warranties as if fully set forth herein; provided that each reference in each such representation and
warranty to the Borrower’s knowledge shall, for the purposes of this Section 2.1, be deemed to be a reference to the
Mortgagor’s knowledge.

 

2.2           Taxes
and Fees; Maintenance of Premises. The Mortgagor agrees to comply with Subsections 7.3, 7.4, 7.5(i) and
11.5 of the Credit Agreement, in each case in accordance with and to the extent provided therein.

 

2.3          [Reserved.]

 

2.4          Additional
Documents. The Mortgagor agrees to take any and all actions reasonably required to create and maintain the Lien of this Mortgage
as against the Premises, and to protect and preserve the validity thereof, in each case in accordance with and to the extent provided
in Subsection 7.9(d) of the Credit Agreement.

 

2.5          Restrictions
on Sale or Encumbrance. The Mortgagor agrees to comply with Subsections 8.1, 8.3, 8.4, 8.5[ and][,]
8.6 [and 8.7]7 of the Credit Agreement, in each case in accordance with and to the extent provided therein.

 

2.6          Fees
and Expenses. The Mortgagor will promptly pay upon demand any and all reasonable costs and expenses of the Mortgagee, including,
without limitation, reasonable attorneys’ fees actually incurred by the Mortgagee, to the extent required under the Credit
Agreement.

 

2.7          Insurance.

 

(a)          Types
Required. The Mortgagor shall maintain insurance for the Premises as set forth in Subsections 7.5(ii) through 7.5(vi)
of the Credit Agreement to the extent applicable.

 

 

		7	To be included only if the Mortgagor is the Borrower.

 

    	 	9	 

     

    

 

(b)          [Reserved.]

 

(c)          Use
of Proceeds. Insurance proceeds shall be applied or disbursed as set forth in Subsection 7.5 or Subsection 10.14
of the Credit Agreement to the extent and as applicable.         

 

2.8          Eminent
Domain. All proceeds or awards relating to condemnation or other taking of the Premises pursuant to the power of eminent domain
shall be applied pursuant to Subsection 7.5 of the Credit Agreement to the extent and as applicable.

 

2.9          Releases
and Waivers. The Mortgagor agrees that no release by the Mortgagee of any portion of the Premises, the Rents and Profits or
the Leases, no subordination of lien, no forbearance on the part of the Mortgagee to collect on any Obligations, Loans, or any
part thereof, no waiver of any right granted or remedy available to the Mortgagee and no action taken or not taken by the Mortgagee
shall, except to the extent expressly released, in any way have the effect of releasing the Mortgagor from full responsibility
to the Mortgagee for the complete discharge of each and every of the Mortgagor’s obligations hereunder.

 

2.10        Compliance
with Law. The Mortgagor agrees to comply with Subsections 7.4 and 7.8 of the Credit Agreement, in each case in
accordance with and to the extent provided therein.

 

2.11        Inspection.
The Mortgagor agrees to comply with Subsection 7.6 of the Credit Agreement in accordance with and to the extent provided
therein.

 

Section 1.02         2.12         Security
Agreement.

 

	 	(a)	                       (a)          This Mortgage is hereby made and declared to be a security agreement encumbering the Fixtures, and the Mortgagor grants to the Mortgagee, for the benefit of the Secured Parties, a security interest in the Fixtures. The Mortgagor grants to the Mortgagee, for the benefit of the Secured Parties, all of the rights and remedies of a secured party under the laws of the state in which the Premises are located. A financing statement or statements reciting this Mortgage to be a security agreement with respect to the Fixtures may be appropriately filed by the Mortgagee.

 

(b)          This
Mortgage constitutes a fixture filing and financing statement as those terms are used in the Uniform Commercial Code of the State
of [________] or, if the creation, perfection or enforcement of any security interest herein is governed by the laws of
a state other than the State of [_________], then, as to the matter in question, the Uniform Commercial Code in effect in
that state (collectively, the “UCC”). The Mortgagor warrants that, as of the date hereof, the name and address
of the “Debtor” (which is the Mortgagor) are as set forth in the preamble of this Mortgage and a statement indicating
the types, or describing the items, of collateral is set forth hereinabove. The Mortgagor warrants that the Mortgagor’s exact
legal name is correctly set forth in the preamble of this Mortgage. The Mortgagee shall be deemed to be the “Secured Party”
with the address as set forth in the preamble of this Mortgage and shall have the rights of a secured party under the UCC.

 

(c)          This
Mortgage will be filed in the real property records.

 

    	 	10	 

     

    

 

(d)          As
of the date hereof, the Mortgagor is a [______________] organized under the laws of the State of [______________][, and the Mortgagor’s
organizational identification number is [______________]]8.

 

2.13         Mortgage
Recording Tax. The Mortgagor shall pay upon the recording hereof any and all mortgage recording taxes or any such similar fees
and expenses due and payable to record this Mortgage in the appropriate records of the county in which the Premises is located.

 

ARTICLE III

Events of Default

 

An Event of Default
shall exist and be continuing under the terms of this Mortgage upon the existence and during the continuance of an Event of Default
under the terms of the Credit Agreement.

 

ARTICLE IV

Foreclosure

 

4.1          Acceleration
of Obligations; Foreclosure. Upon the occurrence and during the continuance of an Event of Default, the entire balance of the
Obligations, including all accrued interest, shall become due and payable to the extent such amounts become due and payable under
the Credit Agreement. Provided an Event of Default has occurred and is continuing, upon failure to pay the Obligations or reimburse
any other amounts due under the Loan Documents in full at any stated or accelerated maturity and in addition to all other remedies
available to the Mortgagee at law or in equity, the Mortgagee may foreclose the lien of this Mortgage by judicial or non-judicial
proceeding in a manner permitted by applicable law. The Mortgagor hereby waives, to the fullest extent permitted by law, any statutory
right of redemption in connection with such foreclosure proceeding. At any foreclosure sale by virtue of any judicial proceedings,
power of sale, or any other legal right, remedy or recourse, the title to and right of possession of any such property shall pass
to the purchaser thereof, and to the fullest extent permitted by law, the Mortgagor shall be completely and irrevocably divested
of all of its right, title, interest, claim, equity, equity of redemption, and demand whatsoever, either at law or in equity, in
and to the property sold and such sale shall be a perpetual bar both at law and in equity against the Mortgagor, and against all
other Persons claiming or seeking to claim the property sold or any part thereof, by, through or under the Mortgagor. The Mortgagee
or any of the Secured Parties may be a purchaser at such sale and if the Mortgagee is the highest bidder, subject to the terms
of any applicable Intercreditor Agreement (as defined in the Guarantee and Collateral Agreement), the Mortgagee shall credit the
portion of the purchase price that would be distributed to the Mortgagee against the indebtedness in lieu of paying cash. In the
event this Mortgage is foreclosed by judicial action, appraisement of the Premises is waived to the extent permitted by applicable
law. With respect to any notices required or permitted under the UCC to the extent applicable, the Mortgagor agrees that ten (10)
days’ prior written notice shall be deemed commercially reasonable.

 

4.2          Proceeds
of Sale. The proceeds of any foreclosure sale of the Premises, or any part thereof, will be distributed and applied in accordance
with the terms and conditions of the Credit Agreement and any applicable Intercreditor Agreement (subject to any applicable provisions
of applicable law).

 

 

		8	Local counsel to advise if bracketed text is required.

 

    	 	11	 

     

    

 

ARTICLE V

Additional Rights and Remedies of the Mortgagee

 

5.1          Rights
Upon an Event of Default. Upon the occurrence and during the continuance of an Event of Default, the Mortgagee, immediately
and without additional notice and without liability therefor to the Mortgagor, except for gross negligence, willful misconduct,
bad faith or unlawful conduct, may do or cause to be done any or all of the following to the extent permitted by applicable law,
and subject to the terms of any applicable Intercreditor Agreement: (a) enter the Premises and take exclusive physical possession
thereof; (b) invoke any legal remedies to dispossess the Mortgagor if the Mortgagor remains in possession of the Premises
without the Mortgagee’s prior written consent; (c) exercise its right to collect the Rents and Profits; (d) generally, supervise,
manage and contract with reference to the Premises as if the Mortgagee was the equitable owner of the Premises, hold, lease, develop,
operate or otherwise use the Premises or any part thereof upon such terms and conditions as the Mortgagee may deem reasonable under
the circumstances (making such repairs, alterations, additions and improvements and taking other actions, from time to time, as
the Mortgagee deems necessary or desirable), and apply all rents and other amounts collected by the Mortgagee in connection therewith
in accordance with the provisions hereof; (e) enter into contracts for the completion, repair and maintenance of the Improvements
thereon; (f) institute proceedings for the complete foreclosure of the Mortgage, either by judicial action or by power of sale,
in which case the Premises may be sold for cash or credit in one or more parcels; (g) expend Loan funds and any rents, income
and profits derived from the Premises for the payment of any taxes, insurance premiums, assessments and charges for completion,
repair and maintenance of the Improvements, preservation of the Lien of this Mortgage and satisfaction and fulfillment of any liabilities
or obligations of the Mortgagor arising out of or in any way connected with the Premises whether or not such liabilities and obligations
in any way affect, or may affect, the Lien of this Mortgage; (h) take such steps to protect and enforce the specific performance
of any covenant, condition or agreement in this Mortgage, the Credit Agreement or the other Loan Documents, or to aid the execution
of any power herein granted; and (i) exercise all other rights, remedies and recourses granted under the Loan Documents or otherwise
available at law or in equity. The Mortgagor also agrees that any of the foregoing rights and remedies of the Mortgagee may be
exercised at any time during the continuance of an Event of Default independently of the exercise of any other such rights and
remedies, and the Mortgagee may continue to exercise any or all such rights and remedies until (i) the Event of Default is cured,
(ii) foreclosure and the conveyance of the Premises to the high bidder, or (iii) the outstanding principal amount of the Loans,
accrued and unpaid interest thereon (if any), and any other amounts then due and owing under the Credit Agreement and any other
Loan Document to the Lenders or the Mortgagee are paid in full.

 

5.2          Appointment
of Receiver. Upon the occurrence and during the continuance of an Event of Default, subject to the terms of any applicable
Intercreditor Agreement, the Mortgagee shall be entitled, without additional notice and without regard to the adequacy of any security
for the Obligations secured hereby, whether the same shall then be occupied as a homestead or not, or the solvency of any party
bound for its payment, to make application for the appointment of a receiver to take possession of and to operate the Premises,
and to collect the rents, issues, profits, and income thereof, all expenses of which shall be added to the Obligations and secured
hereby. The receiver shall have all the rights and powers provided for under the laws of the state in which the Premises are located,
including without limitation, the power to execute leases, and the power to collect the rents, sales proceeds, issues, profits
and proceeds of the Premises during the pendency of such foreclosure suit, as well as during any further times when the Mortgagor,
its successors or assigns, except for the intervention of such receiver, would be entitled to collect such rents, sales proceeds,
issues, proceeds and profits, and all other powers which may be necessary or are usual in such cases for the protection, possession,
control, management and operation of the Premises during the whole of said period. Receiver’s fees, reasonable attorneys’
fees and costs incurred in connection with the appointment of a receiver pursuant to this Section 5.2 shall be secured by
this Mortgage. Notwithstanding the appointment of any receiver, trustee or other custodian, subject to any applicable Intercreditor
Agreement, the Mortgagee shall be entitled to retain possession and control of any cash or other instruments at the time held by
or payable or deliverable under the terms of the Mortgage to the Mortgagee to the fullest extent permitted by law.

 

    	 	12	 

     

    

 

5.3          Waivers.
No waiver of a prior Event of Default shall operate to waive any subsequent Event(s) of Default. All remedies provided in this
Mortgage, the Credit Agreement or any of the other Loan Documents are cumulative and may, at the election of the Mortgagee, be
exercised alternatively, successively, or in any manner and are in addition to any other rights provided by law.

 

5.4          Delivery
of Possession After Foreclosure. In the event there is a foreclosure sale hereunder and at the time of such sale, the Mortgagor
or the Mortgagor’s successors or assigns are occupying or using the Premises, or any part thereof, each and all immediately
shall become the tenant of the purchaser at such sale, which tenancy shall be a tenancy from day to day, terminable at the will
of either landlord or tenant, at a reasonable rental per day based upon the value of the property occupied, such rental to be due
daily to the purchaser; and to the extent permitted by applicable law, the purchaser at such sale, notwithstanding any language
herein apparently to the contrary, shall have the sole option to demand possession immediately following the sale or to permit
the occupants to remain as tenants at will. In the event the tenant fails to surrender possession of said property upon demand,
the purchaser shall be entitled to institute and maintain a summary action for possession of the property (such as an action for
forcible detainer) in any court having jurisdiction.

 

5.5          Marshalling.
The Mortgagor hereby waives, in the event of foreclosure of this Mortgage or the enforcement by the Mortgagee of any other rights
and remedies hereunder, any right otherwise available in respect to marshalling of assets which secure any Loan and any other indebtedness
secured hereby or to require the Mortgagee to pursue its remedies against any other such assets.

 

5.6          Protection
of Premises. Upon the occurrence and during the continuance of an Event of Default, the Mortgagee may take such actions, including,
but not limited to, disbursements of such sums as the Mortgagee in its sole but reasonable discretion deems necessary to protect
the Mortgagee’s interest in the Premises.

 

ARTICLE VI

General Conditions

 

6.1          Terms.
Capitalized terms used herein and not otherwise defined shall have the meanings assigned to such terms in the Credit Agreement.
The singular used herein shall be deemed to include the plural; the masculine deemed to include the feminine and neuter; and the
named parties deemed to include their successors and assigns to the extent permitted under the Credit Agreement. The term “Mortgagee”
shall include the Collateral Agent on the date hereof and any successor Collateral Agent under the Loan Documents. The word “person”
shall include any individual, partnership, corporation, limited liability company, business trust, joint stock company, trust,
unincorporated association, joint venture, Governmental Authority or other entity of whatever nature, and the word “Premises”
shall include any portion of the Premises or interest therein. The words “include”, “includes” and “including”
shall be deemed to be followed by the phrase without limitation.

 

    	 	13	 

     

    

 

6.2          Notices.
All notices, requests and other communications shall be given in accordance with Subsection 11.2 of the Credit Agreement.

 

6.3          Severability. If
any provision of this Mortgage is determined to be illegal, invalid or unenforceable, such provision shall be fully severable
and the remaining provisions shall remain in full force and effect and shall be construed without giving effect to the
illegal, invalid or unenforceable provisions.

 

6.4          Headings.
The captions and headings herein are inserted only as a matter of convenience and for reference and in no way define, limit, or
describe the scope of this Mortgage nor the intent of any provision hereof.

 

6.5          Intercreditor
Agreements. Notwithstanding anything to the contrary contained herein, the lien and security interest granted to the Mortgagee
pursuant to this Mortgage and the exercise of any right or remedy by the Mortgagee hereunder are subject to the provisions of any
applicable Intercreditor Agreement. The Mortgagee acknowledges and agrees that the relative priority of the Liens granted to the
Mortgagee, any Agent and any Additional Agent (as such terms are defined in the applicable Intercreditor Agreements) shall be determined
solely pursuant to the applicable Intercreditor Agreements, and not by priority as a matter of law or otherwise.

 

6.6          Conflicting
Terms.

 

(a)          In
the event of any conflict between the terms of this Mortgage and any applicable Intercreditor Agreement, (i) the terms of the ABL/Term
Loan Intercreditor Agreement (as defined in the Guarantee and Collateral Agreement) shall govern and control any conflict between
the Mortgagee, the Agent and/or any Additional Agent and (ii) the terms of any Other Intercreditor Agreement (as defined in the
Credit Agreement) shall govern and control any conflict between the Mortgagee and any other party(ies) to such Other Intercreditor
Agreement, in each case other than with respect to Section 6.7 of this Mortgage. In the event of any such conflict, the
Mortgagor may act (or omit to act) in accordance with any of the applicable Intercreditor Agreements, and shall not be in breach,
violation or default of its obligations hereunder by reason of doing so.

 

(b)          In
the event of any conflict between the terms and provisions of the Credit Agreement and the terms and provisions of this Mortgage,
the terms and provisions of the Credit Agreement shall control and supersede the provisions of this Mortgage with respect to such
conflicts other than with respect to Section 6.7 of this Mortgage.

 

6.7          Governing
Law. This Mortgage shall be governed by and construed in accordance with the internal law of the state in which the Premises
are located. Mortgagor expressly acknowledges that by their terms, the Credit Agreement and other Loan Documents (aside from those
Mortgages to be recorded outside the State of New York) shall be governed by the law of the State of New York, without regard to
principles of conflict of law other than Section 5-1401 of the General Obligations Law.

 

6.8          Application
of the Foreclosure Law. If any provision in this Mortgage shall be inconsistent with any provision of the foreclosure laws
of the state in which the Premises are located, the provisions of such laws shall take precedence over the provisions of this Mortgage,
but shall not invalidate or render unenforceable any other provision of this Mortgage that can be construed in a manner consistent
with such laws.

 

    	 	14	 

     

    

 

6.9          Written
Agreement. This Mortgage may not be amended, supplemented or otherwise modified except in accordance with Subsection 11.1
of the Credit Agreement. For the avoidance of doubt, it is understood and agreed that any amendment, amendment and restatement,
waiver, supplement or other modification of or to any applicable Intercreditor Agreement that would have the effect, directly or
indirectly, through any reference herein to such Intercreditor Agreement or otherwise, of waiving, amending, supplementing or otherwise
modifying this Mortgage, or any term or provision hereof, or any right or obligation of the Mortgagor hereunder or in respect hereof,
shall not be given such effect except pursuant to a written instrument executed by the Mortgagor and the Mortgagee in accordance
with this Section 6.9.

 

6.10        Waiver
of Jury Trial. Subsection 11.15 of the Credit Agreement is hereby incorporated by reference.

 

6.11        Request
for Notice. The Mortgagor requests that a copy of any statutory notice of default and a copy of any statutory notice of sale
hereunder be mailed to the Mortgagor in accordance with the requirements in Section 6.2 of this Mortgage.

 

6.12        Counterparts.
This Mortgage may be executed by one or more of the parties on any number of separate counterparts, and all of such counterparts
taken together shall be deemed to constitute one and the same instrument.

 

6.13        Release.
If any of the Premises shall be sold, transferred or otherwise disposed of by the Mortgagor in a transaction permitted by the Credit
Agreement, then the Mortgagee, at the request and at the sole cost and expense of the Mortgagor, shall execute and deliver to the
Mortgagor all releases or other documents reasonably necessary or desirable for the release of the Liens created hereby on the
Premises. The Mortgagor shall deliver to the Mortgagee prior to the date of the proposed release, a written request for release.

 

6.14        [Last
Dollars Secured; Priority. This Mortgage secures only a portion of the Obligations owing or which may become owing by the Mortgagor
to the Secured Parties. The parties agree that any payments or repayments of such Obligations shall be and be deemed to be applied
first to the portion of the Obligations that is not secured hereby, it being the parties’ intent that the portion of the
Obligations last remaining unpaid shall be secured hereby. If at any time this Mortgage shall secure less than all of the principal
amount of the Obligations, it is expressly agreed that any repayments of the principal amount of the Obligations shall not reduce
the amount of the lien of this Mortgage until the lien amount shall equal the principal amount of the Obligations outstanding.]9

 

6.15        State
Specific Provisions. In the event of any inconsistencies between this Section 6.15 and any of the other terms and provisions
of this Mortgage, the terms and provisions of this Section 6.15 shall control and be binding.

 

		(a)	[________________]10

 

		(b)	[________________]

 

 

		9	To be included in mortgages for states with a mortgage
recording tax, to the extent required.

 

		10	Local counsel to advise as to jurisdiction-specific requirements.

 

    	 	15	 

     

    

 

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

    	 	16	 

     

    

 

EXHIBIT C

to

TERM LOAN CREDIT AGREEMENT 

 

IN WITNESS WHEREOF,
the Mortgagor has executed this Mortgage as of the above written date.

 

	 	MORTGAGOR:
	 	 
	 	[____________________]
	 	 	 	 
	 	By:	                
	 	 	Name:	                
	 	 	Title:	 

 

[ADD STATE NOTARY FORM FOR MORTGAGOR]11

 

 

		11	Local counsel or title company to confirm signature page
and provide notary block that is acceptable for recording in the jurisdiction.

 

     

     

    

 

EXHIBIT C

to

TERM LOAN CREDIT AGREEMENT 

 

Exhibit A

 

Legal Description

 

[Attached]

 

     

     

    

 

EXHIBIT D

to

TERM LOAN CREDIT AGREEMENT

 

EXHIBIT D-1

 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE

(For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes)

 

Reference is made to
that certain Term Loan Credit Agreement, dated as of February 8, 2018 (as the same may be amended, restated, amended and restated,
supplemented, waived or otherwise modified from time to time, the “Credit Agreement”), among NCI BUILDING SYSTEMS,
INC., a Delaware corporation (together with its successors and assigns, the “Borrower”), the several banks and
other financial institutions from time to time party thereto (the “Lenders”) and CREDIT SUISSE AG, CAYMAN ISLANDS
BRANCH, as administrative agent (in such capacity, the “Administrative Agent”) for the Lenders and as collateral
agent for the Secured Parties. Capitalized terms used herein that are not defined herein shall have the meanings ascribed to them
in the Credit Agreement. The undersigned hereby certifies under penalty of perjury that:

 

Pursuant to the provisions
of Section 4.11of 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)) in respect of which it is providing this certificate, (ii) it is not a bank within the meaning
of Section 881(c)(3)(A) of the Code, it is not subject to regulatory or other legal requirements as a bank in any jurisdiction,
and it has not been treated as a bank for purposes of any tax, securities law or other filing or submission made to any governmental
authority, any application made to a rating agency or any qualification for any exemption from any tax, securities law or other
legal requirements, (iii) it is not a ten percent shareholder of any Borrower within the meaning of Section 881(c)(3)(B) of the
Code, (iv) it is not a controlled foreign corporation related to any Borrower as described in Section 881(c)(3)(C) of the Code,
and (v) the interest payments on the Loan(s) are not effectively connected with the undersigned’s conduct of a U.S. trade
or business.

 

The undersigned has
furnished the Administrative Agent and the Borrower with a certificate of its non-U.S. person status on IRS Form W-8BEN, or Form
W-8BEN-E, as appropriate. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate
changes, or if a lapse in time or change in circumstances renders the information on this certificate obsolete, expired or inaccurate
in any material respect, the undersigned shall promptly so inform the Borrower and the Administrative Agent in writing and deliver
promptly to the Borrower and the Administrative Agent an updated certificate or other appropriate documentation (including any
new documentation reasonably requested by the Borrower or the Administrative Agent) or promptly notify the Borrower and the Administrative
Agent in writing of its inability to do so, and (2) the undersigned shall have at all times furnished the Borrower and the
Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment
is to be made to the undersigned or at such times are as reasonably requested by the Borrower or the Administrative Agent.

 

     

     

    

 

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Page 2

 

	[NAME OF LENDER]	 
	 	 	 
	By:	 	 
	 	Name:	 	 
	 	Title:	 	 

Date: ________ __, 20[ ]

 

     

     

    

 

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EXHIBIT D-2

 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE

(For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes)

 

Reference is made to
that certain Term Loan Credit Agreement, dated as of February 8, 2018 (as the same may be amended, restated, amended and restated,
supplemented, waived or otherwise modified from time to time, the “Credit Agreement”), among NCI BUILDING SYSTEMS,
INC., a Delaware corporation (together with its successors and assigns, the “Borrower”), the several banks and
other financial institutions from time to time party thereto (the “Lenders”) and CREDIT SUISSE AG, CAYMAN ISLANDS
BRANCH, as administrative agent (in such capacity, the “Administrative Agent”) for the Lenders and as collateral
agent for the Secured Parties. Capitalized terms used herein that are not defined herein shall have the meanings ascribed to them
in the Credit Agreement. The undersigned hereby certifies under penalty of perjury that:

 

Pursuant to the provisions
of Section 4.11 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 is not a bank within the meaning of Section 881(c)(3)(A)
of the Code, it is not subject to regulatory or other legal requirements as a bank in any jurisdiction, and it has not been treated
as a bank for purposes of any tax, securities law or other filing or submission made to any governmental authority, any application
made to a rating agency or any qualification for any exemption from any tax, securities law or other legal requirements, (iii)
it is not a ten percent shareholder of any Borrower within the meaning of Section 881(c)(3)(B) of the Code, (iv) it is not a controlled
foreign corporation related to any Borrower as described in Section 881(c)(3)(C) of the Code, and (v) the interest payments with
respect to such participation are not effectively connected with the undersigned’s conduct of a U.S. trade or business.

 

The undersigned has
furnished its participating Lender with a certificate of its non-U.S. person status on an IRS Form W-8BEN, or Form W-8BEN-E, as
appropriate. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes,
or if a lapse in time or change in circumstances renders the information on this certificate obsolete, expired or inaccurate in
any material respect, the undersigned shall promptly so inform such Lender in writing and deliver promptly to such Lender an updated
certificate or other appropriate documentation (including any new documentation reasonably requested by such Lender) or promptly
notify such Lender in writing of its inability to do so, 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 at such times are as reasonably requested by such Lender.

 

     

     

    

 

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	[NAME OF PARTICIPANT]	 
	 	 
	By:	 	 
	 	Name:	 	 
	 	Title:	 	 

Date: ________ __, 20[ ]

 

     

     

    

 

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EXHIBIT D-3

 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE

(For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes)

 

Reference is made to
that certain Term Loan Credit Agreement, dated as of February 8, 2018 (as the same may be amended, restated, amended and restated,
supplemented, waived or otherwise modified from time to time, the “Credit Agreement”), among NCI BUILDING SYSTEMS,
INC., a Delaware corporation (together with its successors and assigns, the “Borrower”), the several banks and
other financial institutions from time to time party thereto (the “Lenders”) and CREDIT SUISSE AG, CAYMAN ISLANDS
BRANCH, as administrative agent (in such capacity, the “Administrative Agent”) for the Lenders and as collateral
agent for the Secured Parties. Capitalized terms used herein that are not defined herein shall have the meanings ascribed to them
in the Credit Agreement. The undersigned hereby certifies under penalty of perjury that:

 

Pursuant to the provisions
of Section 4.11of 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) its direct or indirect partners/members are the sole beneficial owners
of such participation, (iii) with respect such participation, neither the undersigned nor any of its direct or indirect partners/members
that is claiming the portfolio interest exemption (A) is a bank extending credit pursuant to a loan agreement entered into in the
ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (B) is subject to regulatory or
other legal requirements as a bank in any jurisdiction, or (C) has been treated as a bank for purposes of any tax, securities law
or other filing or submission made to any governmental authority, any application made to a rating agency or any qualification
for any exemption from any tax, securities law or other legal requirements, (iv) none of its direct or indirect partners/members
that is claiming the portfolio interest exemption is a ten percent shareholder of any Borrower within the meaning of Section 881(c)(3)(B)
of the Code, (v) none of its direct or indirect partners/members that is claiming the portfolio interest exemption is a controlled
foreign corporation related to any Borrower as described in Section 881(c)(3)(C) of the Code, and (vi) the interest payments with
respect to such participation are not effectively connected with the undersigned’s or its direct or indirect partners/members
that is claiming the portfolio interest exemption’s conduct of a U.S. trade or business.

 

     

     

    

 

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The undersigned has
furnished its participating Lender with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members
claiming the portfolio interest exemption: (i) an IRS Form W-8BEN, or Form W-8BEN-E, as appropriate, or (ii) an IRS Form W-8IMY
accompanied by an IRS Form W-8BEN, or Form W-8BEN-E, as appropriate, from each of such partner’s/member’s beneficial
owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that (1) if the
information provided on this certificate changes, or if a lapse in time or change in circumstances renders the information on this
certificate obsolete, expired or inaccurate in any material respect, the undersigned shall promptly so inform such Lender in writing
and deliver promptly to such Lender an updated certificate or other appropriate documentation (including any new documentation
reasonably requested by such Lender) or promptly notify such Lender in writing of its inability to do so, 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 at such times are as reasonably requested by such Lender.

 

	[NAME OF PARTICIPANT]	 
	 	 
	By:	 	 
	 	Name:	 	 
	 	Title:	 	 

Date: ________ __, 20[ ]

 

     

     

    

 

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EXHIBIT D-4

 

FORM OF U.S. TAX COMPLIANCE CERTIFICATE

(For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes)

 

Reference is made to
that certain Term Loan Credit Agreement, dated as of February 8, 2018 (as the same may be amended, restated, amended and restated,
supplemented, waived or otherwise modified from time to time, the “Credit Agreement”), among NCI BUILDING SYSTEMS,
INC., a Delaware corporation (together with its successors and assigns, the “Borrower”), the several banks and
other financial institutions from time to time party thereto (the “Lenders”) and CREDIT SUISSE AG, CAYMAN ISLANDS
BRANCH, as administrative agent (in such capacity, the “Administrative Agent”) for the Lenders and as collateral
agent for the Secured Parties. Capitalized terms used herein that are not defined herein shall have the meanings ascribed to them
in the Credit Agreement. The undersigned hereby certifies under penalty of perjury that:

 

Pursuant to the provisions
of Section 4.11 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)) in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the
sole beneficial owners of such Loan(s) (as well as any Note(s), (iii) with respect to the extension of credit pursuant to the Credit
Agreement or any other Loan Document, neither the undersigned nor any of its direct or indirect partners/members that is claiming
the portfolio interest exemption (A) is a bank extending credit pursuant to a loan agreement entered into in the ordinary course
of its trade or business within the meaning of Section 881(c)(3)(A) of the Code, (B) is subject to regulatory or other legal requirements
as a bank in any jurisdiction, or (C) has been treated as a bank for purposes of any tax, securities law or other filing or submission
made to any governmental authority, any application made to a rating agency or any qualification for any exemption from any tax,
securities law or other legal requirements, (iv) none of its direct or indirect partners/members that is claiming the portfolio
interest exemption is a ten percent shareholder of any Borrower within the meaning of Section 881(c)(3)(B) of the Code, (v) none
of its direct or indirect partners/members that is claiming the portfolio interest exemption is a controlled foreign corporation
related to any Borrower as described in Section 881(c)(3)(C) of the Code, and (vi) the interest payments on the Loan(s) are not
effectively connected with the undersigned’s or its direct or indirect partners/members that is claiming the portfolio interest
exemption’s conduct of a U.S. trade or business.

 

     

     

    

 

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The undersigned has
furnished the Administrative Agent and the Borrower with IRS Form W-8IMY accompanied by one of the following forms from each of
its partners/members claiming the portfolio interest exemption: (i) an IRS Form W-8BEN, or Form W-8BEN-E, as appropriate, or (ii)
an IRS Form W-8IMY accompanied by an IRS Form W-8BEN, or Form W-8BEN-E, as appropriate, from each of such partner’s/member’s
beneficial owners that is claiming the portfolio interest exemption. By executing this certificate, the undersigned agrees that
(1) if the information provided on this certificate changes, or if a lapse in time or change in circumstances renders the information
on this certificate obsolete, expired or inaccurate in any material respect, the undersigned shall promptly so inform the Borrower
and the Administrative Agent in writing and deliver promptly to the Borrower and the Administrative Agent an updated certificate
or other appropriate documentation (including any new documentation reasonably requested by the Borrower or the Administrative
Agent) or promptly notify the Borrower and the Administrative Agent in writing of its inability to do so, and (2) the undersigned
shall have at all times furnished the Borrower and the Administrative Agent with a properly completed and currently effective certificate
in either the calendar year in which each payment is to be made to the undersigned or at such times are as reasonably requested
by the Borrower or the Administrative Agent.

 

	[NAME OF LENDER]	 
	 	 
	By:	 	 
	 	Name:  	 	 
	 	Title:  	 	 

Date: ________ __, 20[ ]

 

     

     

    

 

EXHIBIT E

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TERM LOAN CREDIT AGREEMENT

 

FORM OF ASSIGNMENT AND ACCEPTANCE12

 

Reference is made to
the Term Loan Credit Agreement, dated as of February 8, 2018 (as the same may be amended, restated, amended and restated, supplemented,
waived or otherwise modified from time to time, the “Credit Agreement”), among NCI BUILDING SYSTEMS, INC., a
Delaware corporation (together with its successors and assigns, the “Borrower”), the several banks and other
financial institutions from time to time party thereto (the “Lenders”) and CREDIT SUISSE AG, CAYMAN ISLANDS
BRANCH, as administrative agent (in such capacity, the “Administrative Agent”) for the Lenders and as collateral
agent for the Secured Parties. Unless otherwise defined herein, capitalized terms defined in the Credit Agreement and used herein
shall have the meanings given to them in the Credit Agreement.

 

___________________________
(the “Assignor”) and _________________ (the “Assignee”) agree as follows:

 

1.          The
Assignor hereby irrevocably sells and assigns to the Assignee without recourse to the Assignor, and the Assignee hereby irrevocably
purchases and assumes from the Assignor without recourse to the Assignor, as of the Transfer Effective Date (as defined below),
an interest (the “Assigned Interest”) as set forth in Schedule 1 in and to the Assignor’s rights
and obligations under the Credit Agreement and the other Loan Documents with respect to those credit facilities provided for in
the Credit Agreement as are set forth on Schedule 1 (individually, an “Assigned Facility”; collectively,
the “Assigned Facilities”), in a principal amount for each Assigned Facility as set forth on Schedule 1.

 

2.          The
Assignor (a) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties
or representations made in or in connection with the Credit Agreement, any other Loan Document or any other instrument or document
furnished pursuant thereto or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit
Agreement, any other Loan Document or any other instrument or document furnished pursuant thereto, other than that it is the legal
and beneficial owner of the Assigned Interest and that it has not created any adverse claim upon the interest being assigned by
it hereunder and that such interest is free and clear of any adverse claim; (b) makes no representation or warranty and
assumes no responsibility with respect to the financial condition of the Borrower or any of its Subsidiaries or any other obligor
or the performance or observance by the Borrower, any of its Subsidiaries or any other obligor of any of their respective obligations
under the Credit Agreement, any other Loan Document or any other instrument or document furnished pursuant hereto or thereto; [and]
(c) attaches the Note(s), if any, held by it evidencing the Assigned Facilities [and requests that the Administrative Agent
exchange such Note(s) for a new Note or Notes payable to the Assignee and (if the Assignor has retained any interest in the Assigned
Facilities) a new Note or Notes payable to the Assignor in the respective amounts which reflect the assignment being made hereby
(and after giving effect to any other assignments which have become effective on the Transfer Effective Date)]13 [and
(d) if the Assignee is an Affiliate of the Assignor, the Assignor represents and warrants that the Assignor is not assigning
the Assigned Interest to the Assignee in connection with or in contemplation of the sale or other disposition of the Assignor’s
interest in the Assignee]14.

 

 

		12	For assignments to an Affiliated Lender (that is not an
Affiliated Debt Fund), refer to the Form of Assignment and Acceptance in Exhibit M.

 

		13	Should only be included when specifically required by the
Assignee and/or the Assignor, as the case may be.

 

		14	To be included if the Assignee is an Affiliate of the Assignor
in order for Borrower’s consent not to be required for such assignment.

 

     

     

    

 

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Page 2

 

3.          The
Assignee (a) represents and warrants that it is legally authorized to enter into this Assignment and Acceptance; (b)
confirms that it has received a copy of the Credit Agreement, together with copies of the financial statements referred to in Subsections
5.1 and 7.1 thereof 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 Acceptance; (c) agrees that it will, independently and without reliance upon
the Assignor, any 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, the other Loan Documents or
any other instrument or document furnished pursuant hereto or thereto; (d) appoints and authorizes each applicable Agent
to take such action as agent on its behalf and to exercise such powers and discretion under the Credit Agreement, the other Loan
Documents 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; (e) hereby affirms the acknowledgements and representations
of such Assignee as a Lender contained in Subsection 10.5 of the Credit Agreement; (f) agrees that it will be bound
by the provisions of the Credit Agreement and will perform in accordance with the terms of the Credit Agreement all the obligations
which by the terms of the Credit Agreement are required to be performed by it as a Lender, including its obligations pursuant to
Subsection 11.16 of the Credit Agreement, and, if it is organized under the laws of a jurisdiction outside the United States,
its obligations pursuant to Subsection 4.11(b) of the Credit Agreement; and (g) represents and warrants that it meets
all the requirements to be an assignee under the assignment provisions of the Credit Agreement and is not a Defaulting Lender.

 

4.          The
effective date of this Assignment and Acceptance shall be [___________], [_______] (the “Transfer Effective Date”).
Following the execution of this Assignment and Acceptance, it will be delivered to the Administrative Agent for acceptance by it
and recording by the Administrative Agent pursuant to Subsection 11.6 of the Credit Agreement, effective as of the Transfer
Effective Date (which shall not, unless otherwise agreed to by the Administrative Agent, be earlier than five Business Days after
the date of such acceptance and recording by the Administrative Agent).

 

     

     

    

 

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5.          Upon
such acceptance and recording, from and after the Transfer 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 Assignee whether such
amounts have accrued prior to the Transfer Effective Date or accrued subsequent to the Transfer Effective Date. The Assignor and
the Assignee shall make all appropriate adjustments in payments by the Administrative Agent for periods prior to the Transfer Effective
Date or with respect to the making of this assignment directly between themselves.

 

6.          From
and after the Transfer Effective Date, (a) the Assignee shall be a party to the Credit Agreement and, to the extent provided
in this Assignment and Acceptance, have the rights and obligations of a Lender thereunder and under the other Loan Documents and
shall be bound by the provisions thereof and (b) the Assignor shall, to the extent provided in this Assignment and Acceptance,
relinquish its rights and be released from its obligations under the Credit Agreement, but shall nevertheless continue to be entitled
to the benefits of (and bound by related obligations under) Subsections 4.10, 4.11, 4.12, 4.13
and 11.5 thereof, and be bound by its continuing obligations under Subsection 11.16 thereof.

 

7.          Notwithstanding
any other provision hereof, if the consents of the Borrower and the Administrative Agent hereto are required under Subsection
11.6 of the Credit Agreement, this Assignment and Acceptance shall not be effective unless such consents shall have been obtained.

 

8.          THIS
ASSIGNMENT AND ACCEPTANCE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED, IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW
YORK, WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICT OF LAWS TO THE EXTENT SUCH PRINCIPLES OR RULES ARE NOT MANDATORILY
APPLICABLE BY STATUTE AND WOULD REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.

 

IN WITNESS WHEREOF,
the parties hereto have caused this Assignment and Acceptance to be executed as of the date first above written by their respective
duly authorized officers on Schedule 1 hereto.

 

     

     

    

 

SCHEDULE 1

to

EXHIBIT E

 

ASSIGNMENT AND ACCEPTANCE

 

Re: Credit Agreement,
dated as of February 8, 2018 (as the same may be amended, restated, amended and restated, supplemented, waived or otherwise modified
from time to time, the “Credit Agreement”), among NCI BUILDING SYSTEMS,
INC., a Delaware corporation (together with its successors and assigns, the “Borrower”), the several
banks and other financial institutions from time to time party thereto (the “Lenders”) and CREDIT SUISSE AG,
CAYMAN ISLANDS BRANCH, as administrative agent for the Lenders and as collateral agent for the Secured Parties.

 

Name of Assignor:

 

Name of Assignee:

 

Transfer Effective Date of Assignment:

 

	 
Assigned Facility
	 	Aggregate Amount of
 Commitment/Loans under
 Assigned Facility for Assignor	 	 	Amount of
 Commitment/Loans Assigned	 
		 	$	_____________	 	 	$	_____________	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

 

	[NAME OF ASSIGNEE]	 	[NAME OF ASSIGNOR]
	 	 	 	 	 
	By:	 	 	By:	 
	 	Name:	 	 	Name:
	 	Title:	 	 	Title:

 

     

     

    

 

SCHEDULE 1

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EXHIBIT E

 

Page 2

 

	Accepted for recording in the Register:	 	Consented To: 15
	 	 	 	 	 
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,

as Administrative Agent	 	[NCI BUILDING SYSTEMS, INC.
	 	 	 	 	 
	By:	 	 	By:	 
	 	Name:	 	 	Name:
	 	Title:	 	 	Title:]
	By: 	 	 	[CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,
	 	Name:	 
	 	Title:	 	as Administrative Agent
	 	 	 	 	 
	 	 	 	By:	 
	 	 	 	 	Name:
	 	 	 	 	Title:
	 	 	 	 	 
	 	 	 	By:	 
	 	 	 	 	Name:
	 	 	 	 	Title:]

 

 

		15	Insert only as required by Subsection 11.6 of the
Credit Agreement.

 

     

     

    

 

EXHIBIT F

to

TERM LOAN CREDIT AGREEMENT

 

FORM OF SECRETARY’S CERTIFICATE

 

February 8, 2018

 

Reference
is hereby made to  (i) that certain asset-based credit agreement, dated as of February 8, 2018 (as the same may be
amended, supplemented, waived or otherwise modified from time to time, the “ABL Credit Agreement”), among NCI
GROUP, INC., a Nevada corporation ( “NCI Group”), ROBERTSON-CECO II CORPORATION, a Delaware corporation (“Robertson”),
the Subsidiary Borrowers from time to time party thereto, NCI BUILDING SYSTEMS, INC., a Delaware corporation (“Parent”),
the several banks and other financial institutions from time to time party thereto (the “ABL Lenders”) and [●],
as administrative agent for the ABL Lenders, as collateral agent for the Secured Parties, as swingline lender and as an issuing
lender and (ii) that certain term loan credit agreement, dated as of February 8, 2018 (as the same may be amended, supplemented,
waived or otherwise modified from time to time, the “Term Loan Credit Agreement”), among Parent, the several
banks and other financial institutions from time to time party thereto (the “Term Loan Lenders”) and CREDIT
SUISSE AG, CAYMAN ISLANDS BRANCH, as administrative agent for the Term Loan Lenders and as collateral agent for the Secured Parties
(the ABL Credit Agreement and the Term Loan Credit Agreement, together with the other Loan Documents (as defined in each of the
ABL Credit Agreement and the Term Loan Credit Agreement, respectively) delivered by or on the date hereof in connection with the
ABL Credit Agreement and the Term Loan Credit Agreement, as applicable, the “Transaction Documents”).

 

The undersigned, [____________],
[____________] of the [managing member of][general partner of] [____________] (the “Company”), certifies solely
on behalf of the Company, in [his][her] capacity as [___________] and not individually, as follows:

 

(a)          Attached
hereto as Annex 1 is a true, correct and complete copy of the certificate of [incorporation][formation][limited partnership][other
charter document] of the Company, as amended through the date hereof (the “Charter”), as certified by the [Secretary
of State][similar body] of the [State][other jurisdiction] of [__________]. The Charter is in full force and effect on the date
hereof, has not been amended or cancelled, and no amendment to the Charter is pending or proposed. To the best of the undersigned’s
knowledge, no steps have been taken and no proceedings are pending for the merger, consolidation, conversion, dissolution, termination
or liquidation of the Company and no such proceedings are threatened or contemplated.

 

(b)          [Attached
hereto as Annex 2 is a true, correct and complete copy of the [bylaws][limited liability company agreement][limited partnership
agreement][other operating agreement] of the Company, as amended through the date hereof (the “Operating Agreement”)
as in effect at all times since the adoption thereof to and including the date hereof. Such Operating Agreement has not been amended,
repealed, modified, superseded, revoked or restated, and such Operating Agreement is in full force and effect on the date hereof
and no amendment to the Operating Agreement is pending.]

 

     

     

    

 

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Page 2

 

(c)          Attached
hereto as Annex [2][3] is a true, correct and complete copy of resolutions adopted by the [[unanimous] written consent]
[minutes] of the [[managing] [sole] member]] [general partner] [Board of Directors][Board of Managers][other authorizing body]
of the Company (the “Authorizing Body”), dated as of [●], 20[●] (the “Resolutions”),
authorizing, among other things, the execution, delivery and performance of each of the Transaction Documents to which the Company
is a party and the transactions contemplated thereby. The Resolutions (i) were duly adopted by the Authorizing Body and
have not been amended, modified, superseded or revoked in any respect, (ii) are in full force and effect on the date hereof[,][
and] (iii) are the only proceedings of the Authorizing Body [or any committee thereof] relating to or affecting the Transaction
Documents to which the Company is a party and the matters referred to therein [and (iv) have been filed [with the minutes
of the proceedings of the Authorizing Body] [in the minute book of the Company] [in accordance with the Operating Agreement]].
[As of [●], 20[●], there were no vacancies or unfilled newly created [directorships] [manager positions] on the Authorizing
Body.]

 

(d)          Attached
hereto as Annex [3][4] is a list of the persons who, as of the date hereof, are duly elected and qualified [officers] [managing
directors] of the [managing member of the] [general partner of the] Company holding the offices indicated next to their respective
names, and the signatures appearing opposite their respective names are the true and genuine signatures of such [officers] [managing
directors] or true facsimiles thereof, and each of such [officers] [managing directors] is duly authorized to execute and deliver,
on behalf of the [managing member of the][general partner of the] Company, the Transaction Documents to which the Company is a
party and any of the other documents contemplated thereby.

 

(e)           Attached
hereto as Annex 5 is a true, correct and complete copy of a Certificate of Good Standing of the Company, certified as of
a recent date by the Secretary of the State of [__].  No change has occurred in the legal corporate existence and good standing
of the Company since the date of the foregoing certificate.

 

(f)           [A
duly executed copy of each of the Transaction Documents (as defined in the Resolutions) to which the Company is a party has been
delivered by the Company to each of the other parties thereto.]

 

Debevoise & Plimpton
LLP, [Richards, Layton & Finger, P.A.] [and Holland & Hart LLP] are entitled to rely on this certificate in connection
with any opinions they are delivering pursuant to the Transaction Documents to which the Company is a party.

 

[The Remainder of this Page is Intentionally
Left Blank.]

 

     

     

    

 

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Page 3

 

IN WITNESS WHEREOF, the
[managing member of the] [general partner of the] Company has caused this certificate to be executed on its behalf by its [●],
as of the day first set forth above.

 

	 	By:	 
	 	 	Name:
	 	 	Title:

 

I, [●], am the
duly elected and acting [●] of the [managing member of the] [general partner of the] Company, and do hereby certify in such
capacity on behalf of the [managing member of the] [general partner of the] Company and not in my individual capacity that [●]
is the duly elected, qualified and acting [●] of the [managing member of the] [general partner of the] Company and that the
signature appearing above is [his][her] genuine signature or a true facsimile thereof.

 

	 	By:	 
	 	 	Name:  
	 	 	Title:

 

[Signature Page to Secretary’s Certificate
of [the Company]]

 

     

     

    

 

ANNEX 1

to

EXHIBIT F

 

Annex 1 –
Charter

 

     

     

    

 

ANNEX 2

to

EXHIBIT F

 

Annex 2 –
Operating Agreement

 

     

     

    

 

ANNEX 3

to

EXHIBIT F

 

Annex 3 –
Resolutions

 

     

     

    

 

ANNEX 4

to

EXHIBIT F

 

Annex 4 –
Incumbency Certificate

 

	Name	 	Title	 	Signature
	 	 	 	 	 
	[●]	 	[●]	 	 
	 	 	 	 	 
	[●]	 	[●]	 	 
	 	 	 	 	 
	[●]	 	[●]	 	 
	 	 	 	 	 
	[●]	 	[●]	 	 
	 	 	 	 	 
	[●]	 	[●]	 	 

 

[Incumbency Certificate of [the Company]]

 

     

     

    

 

ANNEX 3

to

EXHIBIT F

 

Annex 5 –
Good Standing Certificate

 

     

     

    

 

EXHIBIT G

to

TERM LOAN CREDIT AGREEMENT

 

FORM OF OFFICER’S CERTIFICATE

 

NCI BUILDING SYSTEMS, INC.

 

Pursuant to Subsection
6.1(d) of the Term Loan Credit Agreement, dated as of February 8, 2018 (as the same may be amended, restated, amended and restated,
supplemented, waived or otherwise modified from time to time, the “Credit Agreement”; capitalized terms defined
therein being used herein as therein defined), among NCI BUILDING SYSTEMS, INC.,
a Delaware corporation (together with its successors and assigns, the “Borrower”), the several banks and other
financial institutions from time to time party thereto (the “Lenders”) and CREDIT SUISSE AG, CAYMAN ISLANDS
BRANCH, as administrative agent for the Lenders and as collateral agent for the Secured Parties, the undersigned hereby certifies,
on behalf of the Borrower, that:

 

1.          [On
and as of the date hereof, both before and after giving effect to any Extension of Credit to occur on the date hereof and the application
of the proceeds thereof, each of the representations and warranties made by any Loan Party pursuant to the Credit Agreement are
true and correct in all material respects, except for representations and warranties expressly stated to relate to a specific earlier
date, in which case such representations and warranties are true and correct in all material respects as of such earlier date.]

 

2.          On
the date hereof, all conditions set forth in Subsection 6.1 of the Credit Agreement have been satisfied (except as explicitly
set forth in the provisos to Subsection 6.1(a), and Subsection 6.1(h)) or waived.

 

IN WITNESS WHEREOF,
the undersigned Responsible Officer of the Borrower has hereunto set [his][her] name as of the date first written above.

 

	 	NCI BUILDING SYSTEMS, INC.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

     

     

    

 

EXHIBIT H

to

TERM LOAN CREDIT AGREEMENT

 

FORM OF SOLVENCY CERTIFICATE

 

Date: [ _____, 20•]

 

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

 

I, the undersigned, the [Chief Financial
Officer]16 of NCI BUILDING SYSTEMS, INC., a Delaware corporation (together
with its successors and assigns, the “Borrower”), in that capacity only and not in my individual capacity (and
without personal liability), do hereby certify as of the date hereof, and based upon (i) facts and circumstances as they
exist as of the date hereof (and disclaiming any responsibility for changes in such facts and circumstances after the date hereof)
and (ii) such materials and information as I have deemed relevant to the determination of the matters set forth in this
certificate, that:

 

1.            This
certificate is furnished to the Administrative Agent and the Lenders pursuant to Subsection 6.1(j) of the Credit Agreement,
dated as of February 8, 2018, (as the same may be amended, restated, amended and restated, supplemented, waived or otherwise modified
from time to time, the “Credit Agreement”), among the Borrower, the several banks and other financial institutions
from time to time party thereto (the “Lenders”) and CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as administrative
agent for the Lenders and as collateral agent for the Secured Parties. Unless otherwise defined herein, capitalized terms used
in this certificate shall have the meanings set forth in the Credit Agreement.

 

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

 

(a)          “Fair
Value”

 

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

 

(b)          “Present
Fair Salable Value”

 

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

 

 

		16	Or Treasurer (or other comparable officer).

 

     

     

    

 

EXHIBIT H

to

TERM LOAN CREDIT AGREEMENT

 

Page 2

 

(c)          “Stated
Liabilities”

 

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

 

(d)          “Identified
Contingent Liabilities”

 

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

 

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

 

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

 

(f)           “Do
not have Unreasonably Small Capital”

 

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

 

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

 

(a)           I
have reviewed the financial statements (including the pro forma financial statements) referred to in Subsection 5.1 of the
Credit Agreement.

 

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

 

(c)          As
[Chief Financial Officer]17 of the Borrower, I am familiar with the financial condition of the Borrower and its Subsidiaries.

 

 

		17	Or Treasurer (or other comparable officer).

 

     

     

    

 

EXHIBIT H

to

TERM LOAN CREDIT AGREEMENT

 

Page 3

 

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

 

[SIGNATURE PAGE FOLLOWS]

 

     

     

    

 

EXHIBIT H

to

TERM LOAN CREDIT AGREEMENT

 

Page 4

 

IN WITNESS WHEREOF, the Borrower has caused
this certificate to be executed on its behalf by its [Chief Financial Officer]18 as of the date first written above.

 

	 	NCI BUILDING SYSTEMS, INC.
	 	 	 
	 	By:	 
	 	Name:	 
	 	Title:  	[Chief Financial Officer]19

 

 

		18	Or Treasurer (or other comparable officer).

 

		19	Or Treasurer (or other comparable officer).

 

     

     

    

 

EXHIBIT I-1

to

TERM LOAN CREDIT AGREEMENT

 

FORM OF INCREASE SUPPLEMENT

 

INCREASE SUPPLEMENT,
dated as of [___________], to the Term Loan Credit Agreement, dated as of February 8, 2018 (as the same may be amended, supplemented,
waived or otherwise modified from time to time, the “Credit Agreement”), among NCI BUILDING SYSTEMS, INC., a
Delaware corporation (together with its successors and assigns, the “Borrower”), the several banks and other
financial institutions from time to time party thereto (the “Lenders”) and CREDIT SUISSE AG, CAYMAN ISLANDS
BRANCH, as administrative agent (in such capacity, the “Administrative Agent”) for the Lenders and as collateral
agent for the Secured Parties. Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have
the meanings given to them in the Credit Agreement.

 

1.          Pursuant
to Subsection 2.6 of the Credit Agreement, the Borrower hereby proposes to increase (the “Increase”)
the aggregate Existing Loan commitments from [$_______] to [$_______].

 

2.          Each
of the following Lenders (each, an “Increasing Lender”) has been invited by the Borrower, and has agreed, subject
to the terms hereof, to increase its Existing Term Loan commitment as follows:

 

	Name of Lender	 	[[Initial][___
 Tranche]20] Term
 Loan Commitment	 	 	[[Initial Term
 Loan][___
 Tranche]21]
 Supplemental Term
 Loan Commitment
 (after giving effect
 hereto)	 	 	[[Initial][___
 Tranche]]
 Supplemental
 Term Loan
 Amortization	 
		 	$		 	 	$	    	 	 	 	     	 
	 	 	$	      	 	 	$			 	 		 
	 	 	$		 	 	$		 	 	 		 

 

3.            Pursuant
to Subsection 2.6 of the Credit Agreement, by execution and delivery of this Increase Supplement, each of the Increasing
Lenders agrees and acknowledges that it shall have an aggregate [[Initial][___ Tranche]22] Term Loan Commitment and
[[Initial Term Loan][___ Tranche]23] Supplemental Term Loan Commitment in the amount equal to the amount set forth above
next to its name.

 

4.            In
accordance with the Credit Agreement, this Increase Supplement is designated as a Loan Document.

 

[Remainder of Page Intentionally Left
Blank]

 

 

		20	Indicate relevant Tranche.

 

		21	Indicate relevant Tranche.

 

		22	Indicate relevant Tranche.

 

		23	Indicate relevant Tranche.

 

     

     

    

 

EXHIBIT I-1

to

TERM LOAN CREDIT AGREEMENT

 

Page 2

 

IN WITNESS WHEREOF, the
parties hereto have caused this INCREASE SUPPLEMENT to be duly executed and delivered by their proper and duly authorized officers
as of the day and year first above written.

 

	The Increasing Lender:	 
	[INCREASING LENDER]	 
	 	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 
	 	 	 
	NCI BUILDING SYSTEMS, INC.,	 
	as Borrower	 
	 	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 

 

     

     

    

 

EXHIBIT I-2

to

TERM LOAN CREDIT AGREEMENT

 

FORM OF LENDER JOINDER AGREEMENT

 

THIS LENDER JOINDER AGREEMENT,
dated as of [____________] (this “Lender Joinder Agreement”), by and among the bank or financial institution
party hereto (the “Additional Commitment Lender”), NCI BUILDING SYSTEMS, INC., a Delaware corporation (together
with its successors and assigns, the “Borrower”) and CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as administrative
agent (in such capacity, the “Administrative Agent”) for the Lenders (as defined below).

 

RECITALS:

 

WHEREAS, reference is
made to the Term Loan Credit Agreement, dated as of February 8, 2018 (as the same may be amended, supplemented, waived or otherwise
modified from time to time, the “Credit Agreement”), among the Borrower, the several banks and other financial
institutions from time to time party thereto (the “Lenders”) and CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as
Administrative Agent for the Lenders and as collateral agent for the Secured Parties. Unless otherwise defined herein, terms defined
in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement; and

 

WHEREAS, subject to the
terms and conditions of the Credit Agreement, the Borrower may add Supplemental Term Loan Commitments of one or more Additional
Commitment Lenders by entering into one or more Lender Joinder Agreements, provided that after giving effect thereto the aggregate
amount of all Supplemental Term Loan Commitments shall not exceed the Maximum Incremental Facilities Amount.

 

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

 

		1.	The Additional Commitment Lender party hereto hereby
agrees to commit to provide its respective Commitments as set forth on Schedule A annexed hereto, on the terms and subject
to the conditions set forth below:

 

Such Additional Commitment
Lender (a) represents and warrants that it is legally authorized to enter into this Lender Joinder Agreement; (b)
confirms that it has received a copy of the Credit Agreement, together with copies of the financial statements referred to in Subsections
5.1 and 7.1 of the Credit Agreement and such other documents and information as it has deemed appropriate to make its
own credit analysis and decision to enter into this Lender Joinder Agreement; (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, the
other Loan Documents or any other instrument or document furnished pursuant hereto or thereto; (d) appoints and authorizes each
applicable Agent to take such action as agent on its behalf and to exercise such powers and discretion under the Credit Agreement,
the other Loan Documents or any other instrument or document furnished pursuant hereto or thereto as are delegated to each such
Agent, as applicable, by the terms thereof, together with such powers as are incidental thereto; (e) hereby affirms the acknowledgements
and representations of such Additional Commitment Lender as a Lender contained in Subsection 10.5 of the Credit Agreement;
and (f) agrees that it will be bound by the provisions of the Credit Agreement and will perform in accordance with the terms of
the Credit Agreement all the obligations which by the terms of the Credit Agreement are required to be performed by it as a Lender,
including its obligations pursuant to Subsection 11.16 of the Credit Agreement, and, if it is organized under the laws of
a jurisdiction outside the United States, its obligations pursuant to Subsection 4.11(b) of the Credit Agreement.

 

     

     

    

 

EXHIBIT I-2

to

TERM LOAN CREDIT AGREEMENT

 

Page 2

 

		2.	The Additional Commitment Lender hereby agrees to make
its Supplemental Term Loan Commitment on the following terms and conditions on the Effective Date set forth on Schedule A
(such date, the “Effective Date”) pertaining to such Additional Commitment Lender attached hereto:

 

		1.	Additional Commitment Lender to Be a Lender. Such
Additional Commitment Lender acknowledges and agrees that upon its execution of this Lender Joinder Agreement that such Additional
Commitment Lender shall on and as of the Effective Date become a “Lender” with respect to the Term Loan Tranche indicated
on Schedule A, under, and for all purposes of, the Credit Agreement and the other Loan Documents, shall be subject to and
bound by the terms thereof, shall perform all the obligations of and shall have all rights of a Lender thereunder, and shall make
available such amount to fund its ratable share of outstanding Supplemental Term Loan Commitments on the Effective Date as the
Administrative Agent may instruct.

 

		2.	Certain Delivery Requirements. Such Additional Commitment
Lender has delivered or shall deliver herewith to the Borrower and the Administrative Agent such forms, certificates or other
evidence with respect to United States federal income tax withholding matters as such Additional Commitment Lender may be required
to deliver to the Borrower and the Administrative Agent pursuant to Subsection 4.11 of the Credit Agreement.

 

		3.	Credit Agreement Governs. Except as set forth in
this Lender Joinder Agreement, Supplemental Term Loan Commitments shall otherwise be subject to the provisions of the Credit Agreement
and the other Loan Documents.

 

     

     

    

 

EXHIBIT I-2

to

TERM LOAN CREDIT AGREEMENT

 

Page 3

 

		4.	Notice. For purposes of the Credit Agreement, the
initial notice address of such Additional Commitment Lender shall be as set forth below its signature below.

 

		5.	Recordation of the New Loans. Upon execution, delivery
and effectiveness hereof, the Administrative Agent will record the Supplemental Term Loan Commitments made by such Additional
Commitment Lender in the Register.

 

		6.	Amendment, Modification and Waiver. This Lender
Joinder Agreement may not be amended, modified or waived except by an instrument or instruments in writing signed and delivered
on behalf of each of the parties hereto.

 

		7.	Entire Agreement. This Lender Joinder Agreement,
the Credit Agreement and the other Loan Documents represent the entire agreement among the parties with respect to the subject
matter hereof, and there are no promises, undertakings, representations or warranties by any of the parties relative to the subject
matter hereof not expressly set forth or referred to herein or in the other Loan Documents.

 

		8.	GOVERNING LAW. THIS LENDER JOINDER AGREEMENT AND
THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE
LAW OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICT OF LAWS TO THE EXTENT SUCH PRINCIPLES
OR RULES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND WOULD REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.

 

		9.	Severability. Any provision of this Lender Joinder
Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent
of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability
in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

		10.	Counterparts. This Lender Joinder Agreement may
be executed by one or more of the parties to this Lender Joinder Agreement on any number of separate counterparts (including by
facsimile and other electronic transmission), and all of such counterparts taken together shall be deemed to constitute one and
the same instrument.

 

[Remainder of Page Intentionally Left
Blank]

 

     

     

    

 

EXHIBIT I-2

to

TERM LOAN CREDIT AGREEMENT

 

Page 4

 

IN WITNESS WHEREOF,
each of the undersigned has caused its duly authorized officer to execute and deliver this Lender Joinder Agreement as of the date
first above written.

 

	 	[NAME OF ADDITIONAL COMMITMENT LENDER]
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	Notice Address:
	 	 
	 	Attention:
	 	Telephone:
	 	Facsimile:
	 	 	 
	 	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as Administrative Agent
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

	NCI BUILDING SYSTEMS, INC.,	 
	as Borrower	 
	 	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 

 

     

     

    

 

SCHEDULE A

to

EXHIBIT I-2

 

SUPPLEMENTAL TERM LOAN COMMITMENTS

 

	Additional
 Commitment

    Lender	 	[Initial Term

    Loan] [___
 Tranche]24

    Supplemental
 Term Loan
 Commitment	 	 	Principal

    Amount
 Committed	 	 	Aggregate Amount
    of
 All [Initial Term Loan]
 [___ Tranche]25
 Supplemental Term
 Loan Commitments	 	 	Maturity Date	 
	     	 	 	        	 	 	$	__________    	 	 	$	__________       	 	 	 	    	 

 

Effective Date of Lender Joinder Agreement:
___________________________

 

 

		24	Indicate relevant Tranche.

 

		25	Indicate relevant Tranche.

 

     

     

    

 

EXHIBIT K

to

TERM LOAN CREDIT AGREEMENT

 

FORM OF ABL/TERM LOAN INTERCREDITOR AGREEMENT

 

[See attached.]

 

     

     

    

 

EXHIBIT L

to

TERM LOAN CREDIT AGREEMENT

 

FORM OF JUNIOR LIEN INTERCREDITOR AGREEMENT

 

[See attached.]

 

     

     

    

 

EXHIBIT L

to

CREDIT AGREEMENT

 

[FORM OF]

JUNIOR LIEN INTERCREDITOR AGREEMENT

 

by and between

 

[                          ],

 

as Term Loan Agent

 

and

 

[                          ],

  

as Initial Junior Priority Agent

 

dated as of [         ],
20[  ]

 

     

     

    

 

TABLE OF CONTENTS

 

	 	 	Page
	ARTICLE I	 
	 	 	 
	DEFINITIONS	 
	Section 1.1	UCC Definitions	2
	Section 1.2	Other Definitions	2
	Section 1.3	Rules of Construction.	24
	ARTICLE II	 
	 	 	 
	LIEN PRIORITY	 
	Section 2.1	Agreement to Subordinate.	25
	Section 2.2	Waiver of Right to Contest Liens.	29
	Section 2.3	Remedies Standstill.	30
	Section 2.4	Exercise of Rights.	32
	Section 2.5	[Reserved].	34
	Section 2.6	Waiver of Marshalling.	34
	ARTICLE III	 
	 	 	 
	ACTIONS OF THE PARTIES	 
	Section 3.1	Certain Actions Permitted.	34
	Section 3.2	Agent for Perfection.	34
	Section 3.3	Sharing of Information and Access.	34
	Section 3.4	Insurance.	35
	Section 3.5	No Additional Rights for the Credit Parties Hereunder.	35
	Section 3.6	Actions upon Breach.	35
	ARTICLE IV	 
	 	 	 
	APPLICATION OF PROCEEDS	 
	Section 4.1	Application of Proceeds.	36
	Section 4.2	Specific Performance.	38
	ARTICLE V	 
	 	 	 
	INTERCREDITOR ACKNOWLEDGEMENTS AND WAIVERS
	Section 5.1	Notice of Acceptance and Other Waivers.	38
	Section 5.2	Modifications to Senior Priority Documents and Junior Priority
    Documents.	39
	Section 5.3	Reinstatement and Continuation of Agreement.	43
	ARTICLE VI	 	 
	 	 	 
	INSOLVENCY PROCEEDINGS	 
	Section 6.1	DIP Financing.	44
	Section 6.2	Relief from Stay.	44
	Section 6.3	No Contest.	45
	Section 6.4	Asset Sales.	45
	Section 6.5	Separate Grants of Security and Separate Classification.	46
	Section 6.6	Enforceability.	46
	Section 6.7	Senior Priority Obligations Unconditional.	46
	Section 6.8	Junior Priority Obligations Unconditional.	46
	Section 6.9	Adequate Protection.	47

 

    	 	-i-	 

     

    

 

	 	 	Page
	 	 	 
	ARTICLE VII	 
	 	 	 
	MISCELLANEOUS	 
	Section 7.1	Rights of Subrogation.	48
	Section 7.2	Further Assurances.	48
	Section 7.3	Representations.	48
	Section 7.4	Amendments.	49
	Section 7.5	Addresses for Notices.	50
	Section 7.6	No Waiver, Remedies.	50
	Section 7.7	Continuing Agreement, Transfer of Secured
    Obligations.	50
	Section 7.8	Governing Law; Entire Agreement.	51
	Section 7.9	Counterparts.	51
	Section 7.10	No Third-Party Beneficiaries.	51
	Section 7.11	Designation of Additional Indebtedness;
    Joinder of Additional Agents.	51
	Section 7.12	Senior Priority Representative; Notice of
    Senior Priority Representative Change.	52
	Section 7.13	Term Loan Collateral Representative.	53
	Section 7.14	Provisions Solely to Define Relative Rights.	53
	Section 7.15	Headings.	53
	Section 7.16	Severability.	53
	Section 7.17	Attorneys’ Fees.	53
	Section 7.18	VENUE; JURY TRIAL WAIVER.	53
	Section 7.19	Intercreditor Agreement.	54
	Section 7.20	No Warranties or Liability.	54
	Section 7.21	Conflicts.	55
	Section 7.22	Information Concerning Financial Condition
    of the Credit Parties.	55
	Section 7.23	Excluded Assets.	55

 

EXHIBITS:

 

	Exhibit A	Additional Indebtedness Designation
	 	 
	Exhibit B	Additional Indebtedness Joinder
	 	 
	Exhibit C	Joinder of Term Loan Credit Agreement or Initial Junior Priority Credit Facility 

 

    	 	-ii-	 

     

    

 

JUNIOR LIEN INTERCREDITOR AGREEMENT

 

This JUNIOR LIEN INTERCREDITOR
AGREEMENT (as amended, restated, supplemented, waived or otherwise modified from time to time pursuant to the terms hereof, this
“Agreement”) is entered into as of [     ], 20[  ], by and between [                 ],
in its capacity as collateral agent (together with its successors and assigns in such capacity, and as further defined herein,
the “Term Loan Agent”) for the Term Loan Secured Parties referred to below, and [                 ],
in its capacity as collateral agent (together with its successors and assigns in such capacity, and as further defined herein,
the “Initial Junior Priority Agent”) for the Initial Junior Priority Secured Parties referred to below. Capitalized
terms defined in Article I hereof are used in this Agreement as so defined.

 

RECITALS

 

A.           Pursuant
to the Original Term Loan Credit Agreement, the Term Loan Credit Agreement Lenders have agreed to make certain loans and other
financial accommodations to or for the benefit of the Term Loan Borrower.

 

B.           Pursuant
to the Original Term Loan Guarantees, the Term Loan Guarantors have agreed to unconditionally guarantee jointly and severally the
payment and performance of the Term Loan Borrower’s obligations under the Term Loan Documents.

 

C.           Pursuant
to the Original Initial Junior Priority Credit Facility, the Initial Junior Priority Secured Creditors have agreed to make certain
extensions of credit to or for the benefit of the Initial Junior Priority Borrower.

 

D.           Pursuant
to the Initial Junior Priority Guarantees, the Initial Junior Priority Guarantors have agreed to guarantee the payment and performance
of the Initial Junior Priority Borrower’s obligations under the Initial Junior Priority Documents.

 

E.            The
Term Loan Agent (on behalf of the Term Loan Secured Parties) is party to the Base Intercreditor Agreement, and the Initial Junior
Priority Agent (on behalf of the Initial Junior Priority Secured Parties) is or concurrently herewith will become party thereto.

 

F.           Pursuant
to the Base Intercreditor Agreement and this Agreement, the Borrower may, from time to time, designate certain additional Indebtedness
of any Credit Party as “Additional Indebtedness” (i) by executing and delivering an “Additional Indebtedness
Designation” under the Base Intercreditor Agreement, by designating such additional Indebtedness as “Additional Term
Indebtedness” thereunder, and by complying with the procedures set forth in Section 7.11 thereof, and (ii) by executing
and delivering an Additional Indebtedness Designation hereunder and by complying with the procedures set forth in Section 7.11
hereof, and the holders of such Additional Indebtedness and any other applicable Additional Credit Facility Secured Party shall
thereafter constitute Senior Priority Creditors or Junior Priority Creditors (as so designated by the Company Representative),
as the case may be, and any Additional Agent therefor shall thereafter constitute a Senior Priority Agent or Junior Priority Agent
(as so designated by the Company Representative), as the case may be, for all purposes under this Agreement.

 

H.           Each
of the Term Loan Agent (on behalf of the Term Loan Secured Parties) and the Initial Junior Priority Agent (on behalf of the Initial
Junior Priority Secured Parties) and, by their acknowledgment hereof, the Term Loan Credit Parties and the Initial Junior Credit
Parties, desire to agree to the relative priority of Liens on the Collateral and certain other rights, priorities and interests
as provided herein.

 

     

     

    

 

NOW THEREFORE,
in consideration of the foregoing and for other good and valuable consideration, receipt of which is hereby acknowledged, the parties
hereto agree as follows:

 

ARTICLE I

DEFINITIONS

 

Section 1.1           UCC
Definitions. The following terms which are defined in the Uniform Commercial Code are used herein as so defined: Accounts,
Chattel Paper, Commercial Tort Claims, Commodity Accounts, Deposit Accounts, Documents, Electronic Chattel Paper, Equipment, Financial
Assets, Instruments, Inventory, Investment Property, Letter-of-Credit Rights, Money, Payment Intangibles, Promissory Notes, Records,
Security, Securities Accounts, Security Entitlements, Supporting Obligations, and Tangible Chattel Paper.

 

Section 1.2           Other
Definitions. As used in this Agreement, the following terms shall have the meanings set forth below:

 

“ABL Agent” shall have
the meaning assigned thereto in the Base Intercreditor Agreement.

 

“ABL Credit
Agreement Lenders” shall have the meaning assigned thereto in the Base Intercreditor Agreement.

 

“ABL Priority
Collateral” shall have the meaning assigned thereto in the Base Intercreditor Agreement.

 

“Additional
Agent” shall mean any one or more administrative agents, collateral agents, security agents, trustees or other representatives
for or of any one or more Additional Credit Facility Secured Parties, and shall include any successor thereto, as well as any Person
designated as an “Agent” under any Additional Credit Facility.

 

“Additional
Bank Products Affiliate” shall mean any Person who (a) has entered into a Bank Products Agreement with any Additional
Credit Party with the obligations of such Additional Credit Party thereunder being secured by one or more Additional Collateral
Documents, (b) was an Additional Agent, an Additional Credit Facility Lender or an Affiliate of an Additional Agent or an
Additional Credit Facility Lender on the date hereof, or at the time of entry into such Bank Products Agreement, or at the time
of the designation referred to in the following clause (c), and (c) has been designated by the Company Representative in
accordance with the terms of one or more Additional Collateral Documents (provided that no Person shall, with respect to any Bank
Products Agreement, be at any time a Bank Products Affiliate hereunder with respect to more than one Credit Facility).

 

“Additional
Bank Products Provider” shall mean any Person (other than an Additional Bank Products Affiliate) that has entered into
a Bank Products Agreement with an Additional Credit Party with the obligations of such Additional Credit Party thereunder being
secured by one or more Additional Collateral Documents, as designated by the Company Representative in accordance with the terms
of one or more Additional Collateral Documents (provided that no Person shall, with respect to any Bank Products Agreement, be
at any time a Bank Products Provider hereunder with respect to more than one Credit Facility).

 

    	 	-2-	 

     

    

 

“Additional
Borrower” shall mean any Additional Credit Party that incurs or issues Additional Indebtedness under any Additional Credit
Facility, together with its successors and assigns.

 

“Additional
Collateral Documents” shall mean all “Security Documents” or comparable term as defined in any Additional
Credit Facility, and in any event shall include all security agreements, mortgages, deeds of trust, pledges and other collateral
documents executed and delivered in connection with any Additional Credit Facility, and any other agreement, document or instrument
pursuant to which a Lien is granted securing any Additional Obligations or under which rights or remedies with respect to such
Liens are governed, in each case, as the same may be amended, supplemented, waived or otherwise modified from time to time.

 

“Additional
Credit Facilities” shall mean (a) any one or more agreements, instruments and documents under which any Additional
Indebtedness is or may be incurred, including any credit agreements, loan agreements, indentures, guarantees or other financing
agreements, in each case as the same may be amended, supplemented, waived or otherwise modified from time to time, together with
(b) if designated by the Company Representative, any other agreement (including any credit agreement, loan agreement,
indenture or other financing agreement) extending the maturity of, consolidating, restructuring, refunding, replacing or refinancing
all or any portion of the Additional Obligations, whether by the same or any other lender, debtholder or other creditor or group
of lenders, debtholders or other creditors, or the same or any other agent, trustee or representative therefor, or otherwise, and
whether or not increasing the amount of any Indebtedness that may be incurred thereunder.

 

“Additional
Credit Facility Lenders” shall mean one or more holders of Additional Indebtedness (or commitments therefor) that is
or may be incurred under one or more Additional Credit Facilities, together with their successors, assigns and transferees, as
well as any Person designated as an “Additional Credit Facility Lender” under any Additional Credit Facility.

 

“Additional
Credit Facility Secured Parties” shall mean all Additional Agents, all Additional Credit Facility Lenders, all Additional
Bank Products Affiliates, all Additional Hedging Affiliates, all Additional Bank Products Providers, all Additional Hedging Providers
and all Additional Management Credit Providers, and all successors, assigns, transferees and replacements thereof, as well as any
Person designated as an “Additional Credit Facility Secured Party” under any Additional Credit Facility; and with respect
to any Additional Agent, shall mean the Additional Credit Facility Secured Party represented by such Additional Agent.

 

“Additional
Credit Party” shall mean the Company, each direct or indirect Subsidiary of the Company or any of its Affiliates that
is or becomes a party to any Additional Document, and any other Person who becomes a guarantor under any of the Additional Guarantees,
in each case unless and until released from its guarantee obligations.

 

“Additional
Documents” shall mean, with respect to any Indebtedness designated as Additional Indebtedness hereunder, any Additional
Credit Facilities, any Additional Guarantees, any Additional Collateral Documents, any Bank Products Agreements between any Credit
Party and any Additional Bank Products Affiliate or Additional Bank Products Provider, any Hedging Agreements between any Credit
Party and any Additional Hedging Affiliate or Additional Hedging Provider, any Management Guarantee in favor of any Additional
Management Credit Provider, those other ancillary agreements as to which any Additional Credit Facility Secured Party is a party
or a beneficiary and all other agreements, instruments, documents and certificates, now or hereafter executed by or on behalf of
any Credit Party or any of its respective Subsidiaries or Affiliates, and delivered to any Additional Agent, in connection with
any of the foregoing or any Additional Credit Facility, including any intercreditor or joinder agreement among any of the Additional
Credit Facility Secured Parties or among any of the Secured Parties and any Additional Credit Facility Secured Parties, in each
case as the same may be amended, supplemented, waived or otherwise modified from time to time.

 

    	 	-3-	 

     

    

 

“Additional
Effective Date” shall have the meaning set forth in Section 7.11(b).

 

“Additional
Guarantees” shall mean any one or more guarantees of any Additional Obligations of any Additional Credit Party by any
other Additional Credit Party in favor of any Additional Credit Facility Secured Party, in each case as the same may be amended,
supplemented, waived or otherwise modified from time to time.

 

“Additional
Guarantor” shall mean any Additional Credit Party that at any time has provided an Additional Guarantee.

 

“Additional
Hedging Affiliate” shall mean any Person who (a) has entered into a Hedging Agreement with any Additional Credit Party
with the obligations of such Additional Credit Party thereunder being secured by one or more Additional Collateral Documents, (b)
was an Additional Agent, an Additional Credit Facility Lender or an Affiliate of an Additional Agent or an Additional Credit Facility
Lender on the date hereof, or at the time of entry into such Hedging Agreement, or at the time of the designation referred to in
the following clause (c), and (c) has been designated by the Company Representative in accordance with the terms of one or more
Additional Collateral Documents (provided that no Person shall, with respect to any Hedging Agreement, be at any time a Hedging
Affiliate hereunder with respect to more than one Credit Facility).

 

“Additional
Hedging Provider” shall mean any Person (other than an Additional Hedging Affiliate) that has entered into a Hedging
Agreement with an Additional Credit Party with the obligations of such Additional Credit Party thereunder being secured by one
or more Additional Collateral Documents, as designated by the Company Representative in accordance with the terms of one or more
Additional Collateral Documents (provided that no Person shall, with respect to any Hedging Agreement, be at any time a Hedging
Provider hereunder with respect to more than one Credit Facility).

 

“Additional
Indebtedness” shall mean any Additional Specified Indebtedness that (1) is secured by a Lien on Collateral and is permitted
to be so secured by:

 

(a)          prior
to the Discharge of Term Loan Obligations, Subsection 8.6 of the Original Term Loan Credit Agreement (if the Original Term Loan
Credit Agreement is then in effect) or the corresponding negative covenant restricting Liens contained in any other Term Loan Credit
Agreement then in effect if the Original Term Loan Credit Agreement is not then in effect (which covenant is designated in such
Term Loan Credit Agreement as applicable for purposes of this definition);

 

    	 	-4-	 

     

    

 

(b)          prior
to the Discharge of Initial Junior Priority Obligations, Section [__]26 of the Original Initial Junior Priority Credit
Facility (if the Original Initial Junior Priority Credit Facility is then in effect) or the corresponding negative covenant restricting
Liens contained in any other Initial Junior Priority Credit Facility then in effect (which covenant is designated in such Initial
Junior Priority Credit Facility as applicable for purposes of this definition); and

 

(c)          prior
to the Discharge of Additional Obligations, any negative covenant restricting Liens contained in any applicable Additional Credit
Facility then in effect (which covenant is designated in such Additional Credit Facility as applicable for purposes of this definition);
and

 

(2) is designated (a) as “Additional
Term Indebtedness” by the Company Representative in compliance with the procedures set forth in Section 7.11 of the Base
Intercreditor Agreement and (b) as “Additional Indebtedness” by the Company Representative pursuant to an Additional
Indebtedness Designation and in compliance with the procedures set forth in Section 7.11.

 

As used in this definition
of “Additional Indebtedness”, the term “Lien” shall have the meaning set forth (x) for purposes of the
preceding clause (1)(a), prior to the Discharge of Term Loan Obligations, in the Original Term Loan Credit Agreement (if the Original
Term Loan Credit Agreement is then in effect), or in any other Term Loan Credit Agreement then in effect (if the Original Term
Loan Credit Agreement is not then in effect), (y) for purposes of the preceding clause (1)(b), prior to the Discharge of Initial
Junior Priority Obligations, in the Original Junior Priority Credit Facility (if the Original Junior Priority Credit Facility is
then in effect), or in any other Junior Priority Credit Facility then in effect (if the Original Junior Priority Credit Facility
is not then in effect), and (z) for purposes of the preceding clause (1)(c), prior to the Discharge of Additional Obligations,
in the applicable Additional Credit Facility then in effect.

 

“Additional
Indebtedness Designation” shall mean a certificate of the Company Representative with respect to Additional Indebtedness,
substantially in the form of Exhibit A attached hereto.

 

“Additional
Indebtedness Joinder” shall mean a joinder agreement executed by one or more Additional Agents in respect of any Additional
Indebtedness subject to an Additional Indebtedness Designation on behalf of one or more Additional Credit Facility Secured Parties
in respect of such Additional Indebtedness, substantially in the form of Exhibit B attached hereto.

 

“Additional
Management Credit Provider” shall mean any Person who (a) is a beneficiary of a Management Guarantee provided
by an Additional Credit Party, with the obligations of the applicable Additional Credit Party thereunder being secured by one or
more Additional Collateral Documents and (b) has been designated by the Company Representative in accordance with the terms
of one or more Additional Collateral Documents (provided that no Person shall, with respect to any Management Guarantee,
be at any time a Management Credit Provider with respect to more than one Credit Facility).

 

 

		26	Insert the section number of the negative covenant restricting Liens in the Original Initial Junior
Priority Credit Facility.

 

    	 	-5-	 

     

    

 

“Additional
Obligations” shall mean any and all loans and all other obligations, liabilities and indebtedness of every kind, nature
and description, whether now existing or hereafter arising, whether arising before, during or after the commencement of any case
with respect to any Additional Credit Party under the Bankruptcy Code or any other Insolvency Proceeding, owing by each Additional
Credit Party from time to time to any Additional Agent, any Additional Credit Facility Secured Parties or any of them, including
any Additional Bank Products Affiliates, Additional Hedging Affiliates, Additional Bank Products Provider, Additional Hedging Provider
or Additional Management Credit Provider, whether for principal, interest (including interest, fees and expenses which, but for
the commencement of an Insolvency Proceeding with respect to such Additional Credit Party, would have accrued on any Additional
Obligation, whether or not a claim is allowed against such Additional Credit Party for such interest, fees and expenses in the
related Insolvency Proceeding), reimbursement of amounts drawn under letters of credit, payments for early termination of Hedging
Agreements, fees, expenses, indemnification or otherwise, and all other amounts owing or due under the terms of the Additional
Documents, as amended, restated, modified, renewed, refunded, replaced or refinanced in whole or in part from time to time.

 

“Additional
Specified Indebtedness” shall mean any Indebtedness that is or may from time to time be incurred by any Credit Party
in compliance with:

 

(a)          prior
to the Discharge of Term Loan Obligations, Subsection 8.1 of the Original Term Loan Credit Agreement (if the Original Term Loan
Credit Agreement is then in effect) or the corresponding negative covenant restricting Indebtedness contained in any other Term
Loan Credit Agreement then in effect if the Original Term Loan Credit Agreement is not then in effect (which covenant is designated
in such Term Loan Credit Agreement as applicable for purposes of this definition);

 

(b)          prior
to the Discharge of Initial Junior Priority Obligations, Section [ ]27 of the Original Initial Junior Priority Credit
Facility (if the Original Initial Junior Priority Credit Facility is then in effect) or the corresponding negative covenant restricting
Indebtedness contained in any other Initial Junior Priority Credit Facility then in effect (which covenant is designated in such
Initial Junior Priority Credit Facility as applicable for purposes of this definition); and

 

(c)          prior
to the Discharge of Additional Obligations, any negative covenant restricting Indebtedness contained in any Additional Credit Facility
then in effect (which covenant is designated in such Additional Credit Facility as applicable for purposes of this definition).

 

As used in this definition
of “Additional Specified Indebtedness”, the term “Indebtedness” shall have the meaning set forth (x) for
purposes of the preceding clause (a), prior to the Discharge of Term Loan Obligations, in the Original Term Loan Credit Agreement
(if the Original Term Loan Credit Agreement is then in effect), or in any other Term Loan Credit Agreement then in effect (if the
Original Term Loan Credit Agreement is not then in effect), (y) for purposes of the preceding clause (b), prior to the Discharge
of Initial Junior Priority Obligations, in the Original Junior Priority Credit Facility (if the Original Junior Priority Credit
Facility is then in effect), or in any other Junior Priority Credit Facility then in effect (if the Original Junior Priority Credit
Facility is not then in effect), and (z) for purposes of the preceding clause (c), prior to the Discharge of Additional Obligations,
in the applicable Additional Credit Facility then in effect. In the event that any Indebtedness as defined in any such Credit Document
shall not be Indebtedness as defined in any other such Credit Document, but is or may be incurred in compliance with such other
Credit Document, such Indebtedness shall constitute Additional Specified Indebtedness for the purposes of such other Credit Document.

 

 

		27	Insert the section number of the negative covenant restricting
Indebtedness in the Original Initial Junior Priority Credit Facility.

 

    	 	-6-	 

     

    

 

“Affiliate”
shall mean with respect to any Person, any other Person which, directly or indirectly, is in control of, is controlled by, or is
under common control with, such Person. For purposes of this definition, “control” of a Person shall mean the power,
directly or indirectly, either to (a) vote 20% or more of the securities having ordinary voting power for the election of directors
of such Person or (b) direct or cause the direction of the management and policies of such Person, whether by contract or otherwise.

 

“Agent”
shall mean any Senior Priority Agent or Junior Priority Agent.

 

“Agreement”
shall have the meaning assigned thereto in the Preamble hereto.

 

“Bank Products
Affiliate” shall mean any Term Loan Bank Products Affiliate, any Initial Junior Priority Bank Products Affiliate or any
Additional Bank Products Affiliate, as applicable.

 

“Bank Products
Agreement” shall mean any agreement pursuant to which a bank or other financial institution or other Person agrees to
provide (a) treasury services, (b) credit card, debit card, merchant card, purchasing card, stored value card, non-card electronic
payable or other similar services (including the processing of payments and other administrative services with respect thereto),
(c) cash management or related services (including controlled disbursements, automated clearinghouse transactions, return items,
netting, overdrafts, depository, lockbox, stop payment, electronic funds transfer, information reporting, wire transfer and interstate
depository network services) and (d) other banking, financial or treasury products or services as may be requested by any Credit
Party (other than letters of credit and other than loans and advances except Indebtedness arising from services described in items
(a) through (c) of this definition), including, for the avoidance of doubt, bank guarantees.

 

“Bank Products
Provider” shall mean any Term Loan Bank Products Provider, any Initial Junior Priority Bank Products Provider or any
Additional Bank Products Provider, as applicable.

 

“Bankruptcy
Code” shall mean title 11 of the United States Code.

 

“Bankruptcy
Law” shall have the meaning assigned thereto in the Base Intercreditor Agreement.

 

“Base Intercreditor Agreement”
shall mean the Intercreditor Agreement, dated as of February 8, 2018, by and among Wells Fargo Bank, National Association, as ABL
Agent, Credit Suisse AG, Cayman Islands Branch, as Term Loan Agent, and any additional agents party thereto from time to time,
as the same may be amended, supplemented, waived or otherwise modified from time to time.

 

“Borrower” shall mean
any of the Term Loan Borrower, any Initial Junior Priority Borrower and any Additional Borrower.

 

“Business Day” shall
mean a day other than a Saturday, Sunday or other day on which commercial banks in the City of New York are authorized or required
by law to close.

 

    	 	-7-	 

     

    

 

“Capital Stock” shall
mean any and all shares, interests, participations or other equivalents (however designated) of capital stock of a corporation,
any and all equivalent ownership interests in a Person (other than a corporation) and any and all warrants or options to purchase
any of the foregoing.

 

“Cash Collateral” shall
mean any Collateral consisting of Money or Cash Equivalents, any Security Entitlement and any Financial Assets.

 

“Cash Equivalents” shall
mean any of the following: (a) money, (b) securities issued or fully guaranteed or insured by the United States of
America, Canada, the United Kingdom, Switzerland or a member state of the European Union or any agency or instrumentality of any
thereof, (c) time deposits, certificates of deposit or bankers’ acceptances of (i) any bank or other institutional
lender under this Agreement or the Senior ABL Facility or any affiliate thereof or (ii) any commercial bank having capital
and surplus in excess of $250 million (or the foreign currency equivalent thereof as of the date of such investment) and the commercial
paper of the holding company of which is rated at least A-2 or the equivalent thereof by S&P or at least P-2 or the equivalent
thereof by Moody’s (or, if at such time neither is issuing ratings, a comparable rating of another nationally recognized
rating agency), (d) repurchase obligations with a term of not more than seven days for underlying securities of the types
described in clauses (b) and (c) above entered into with any financial institution meeting the qualifications specified in clause
(c)(i) or (c)(ii) above, (e) money market instruments, commercial paper or other short-term obligations rated at least A-2
or the equivalent thereof by S&P or at least P-2 or the equivalent thereof by Moody’s (or, if at such time neither is
issuing ratings, a comparable rating of another nationally recognized rating agency), (f) investments in money market funds
subject to the risk limiting conditions of Rule 2a-7 or any successor rule of the SEC under the Investment Company Act of 1940,
as amended, (g) investment funds investing at least 90.0% of their assets in cash equivalents of the types described in
clauses (a) through (f) above (which funds may also hold reasonable amounts of cash pending investment and/or distribution), (h)
investments similar to any of the foregoing denominated in foreign currencies approved by the board of directors, and (i)
solely with respect to any Captive Insurance Subsidiary, any investment that any such Person is permitted to make in accordance
with applicable law.

 

“Collateral” shall mean
all Property now owned or hereafter acquired by any Credit Party in or upon which a Lien is granted or purported to be granted
to any Agent under any of the Term Loan Collateral Documents, the Initial Junior Priority Collateral Documents or the Additional
Collateral Documents, together with all rents, issues, profits, products, and Proceeds thereof to the extent a Lien is granted
or purported to be granted therein to the applicable Agent by such applicable documents.

 

“Commodities Agreement”
shall mean, in respect of a Person, any commodity futures contract, forward contract, option or similar agreement or arrangement
(including derivative agreements or arrangements), as to which such Person is a party or beneficiary.

 

“Company” shall mean
NCI Building Systems, Inc., a Delaware corporation, and any successor in interest thereto.

 

“Company Representative”
shall have the meaning assigned thereto in the Base Intercreditor Agreement.

 

“Conforming Plan of Reorganization”
shall mean any Plan of Reorganization whose provisions are consistent with the provisions of this Agreement and the Base Intercreditor
Agreement.

 

    	 	-8-	 

     

    

 

“Control Collateral”
shall mean any Collateral consisting of any certificated Security, Investment Property, Deposit Account, Instruments, Chattel Paper
and any other Collateral as to which a Lien may be perfected through possession or control by the secured party, or any agent therefor.

 

“Credit Documents” shall
mean the Term Loan Documents, the Initial Junior Priority Documents and any Additional Documents.

 

“Credit Facility” shall
mean the Term Loan Credit Agreement, the Initial Junior Lien Credit Facility or any Additional Credit Facility, as applicable.

 

“Credit Parties” shall
mean the Term Loan Credit Parties, the Initial Junior Priority Credit Parties and any Additional Credit Parties.

 

“Creditor” shall mean
any Senior Priority Creditor or Junior Priority Creditor.

 

“Currency Agreement”
shall mean, in respect of a Person, any foreign exchange contract, currency swap agreement or other similar agreement or arrangements
(including derivative agreements or arrangements), as to which such Person is a party or a beneficiary.

 

“Designated Agent” shall
mean any Additional Agent, any Term Loan Agent under any Term Loan Credit Agreement other than the Original Term Loan Credit Agreement,
or any Initial Junior Priority Agent, in each case as the Company Representative designates as a Designated Agent (as confirmed
in writing by such Party if such designation is made after the execution of this Agreement by such Party (in the case of the Initial
Junior Priority Agent) or the joinder of such Party to this Agreement), as and to the extent so designated. Such designation may
be for all purposes of this Agreement, or may be for one or more specified purposes hereunder or provisions hereof.

 

“DIP Financing” shall
have the meaning set forth in Section 6.1(a).

 

“Discharge of Additional Obligations”
shall mean, if any Indebtedness shall at any time have been incurred under any Additional Credit Facility, with respect to each
Additional Credit Facility:

 

(a) the payment in full in cash of the applicable
Additional Obligations that are outstanding and unpaid at the time all Additional Indebtedness under such Additional Credit Facility
is paid in full in cash, (i) including (if applicable), with respect to amounts available to be drawn under outstanding letters
of credit issued thereunder at such time (or indemnities or other undertakings issued pursuant thereto in respect of outstanding
letters of credit at such time), delivery or provision of cash or backstop letters of credit in respect thereof in compliance with
the terms of any such Additional Credit Facility (which shall not exceed an amount equal to 101.5% of the aggregate undrawn amount
of such letters of credit) but (ii) excluding unasserted contingent indemnification or other obligations under the applicable Additional
Credit Facility at such time; and

 

(b) the termination of all then outstanding
commitments to extend credit under the applicable Additional Documents at such time.

 

“Discharge of Initial Junior Priority
Obligations” shall mean, if any Indebtedness shall at any time have been incurred under any Initial Junior Priority Credit
Facility, with respect to each Junior Priority Credit Facility:

 

    	 	-9-	 

     

    

 

(a) the payment in full in cash of the applicable
Initial Junior Priority Obligations that are outstanding and unpaid at the time all Indebtedness under the applicable Initial Junior
Priority Credit Facility is paid in full in cash, (i) including (if applicable), with respect to amounts available to be drawn
under outstanding letters of credit issued thereunder at such time (or indemnities or other undertakings issued pursuant thereto
in respect of outstanding letters of credit at such time), delivery or provision of cash or backstop letters of credit in respect
thereof in compliance with the terms of any such Initial Junior Priority Credit Facility (which shall not exceed an amount equal
to 101.5% of the aggregate undrawn amount of such letters of credit) but (ii) excluding unasserted contingent indemnification or
other obligations under the applicable Initial Junior Priority Credit Facility at such time; and

 

(b) the termination of all then outstanding
commitments to extend credit under the Initial Junior Priority Documents at such time.

 

“Discharge of Junior Priority Obligations”
shall mean the occurrence of all of the Discharge of Initial Junior Priority Obligations and the Discharge of Additional Obligations
in respect of Junior Priority Debt.

 

“Discharge of Senior Priority Obligations”
shall mean the occurrence of all of the Discharge of Term Loan Obligations and the Discharge of Additional Obligations in respect
of Senior Priority Debt.

 

“Discharge of Term Loan Obligations”
shall mean:

 

(a) the payment in full in cash of the applicable
Term Loan Obligations that are outstanding and unpaid at the time all Indebtedness under the applicable Term Loan Credit Agreement
is paid in full in cash, (i) including (if applicable), with respect to amounts available to be drawn under outstanding letters
of credit issued thereunder at such time (or indemnities or other undertakings issued pursuant thereto in respect of outstanding
letters of credit at such time), delivery or provision of cash or backstop letters of credit in respect thereof in compliance with
the terms of any such Term Loan Credit Agreement (which shall not exceed an amount equal to 101.5% of the aggregate undrawn amount
of such letters of credit), but (ii) excluding unasserted contingent indemnification or other obligations under the applicable
Term Loan Credit Agreement at such time; and

 

(b) the termination of all then outstanding
commitments to extend credit under the Term Loan Documents at such time.

 

“Domestic Subsidiary”
shall mean any Subsidiary of the Company that is not a Foreign Subsidiary.

 

“Event of Default” shall
mean an Event of Default under any Term Loan Credit Agreement, any Initial Junior Priority Credit Facility or any Additional Credit
Facility.

 

“Exercise Any Secured Creditor
Remedies” or “Exercise of Secured Creditor Remedies” shall mean:

 

(a)          the
taking of any action to enforce or realize upon any Lien, including the institution of any foreclosure proceedings or the noticing
of any public or private sale pursuant to Article 9 of the Uniform Commercial Code, or the taking of any action to enforce any
right or power to repossess, replevy, attach, garnish, levy upon or collect the Proceeds of any Lien;

 

    	 	-10-	 

     

    

 

(b)          the
exercise of any right or remedy provided to a secured creditor on account of a Lien under any of the Credit Documents, under applicable
law, by self-help repossession, by notification to account obligors of any Grantor in an Insolvency Proceeding or otherwise, including
the election to retain any of the Collateral in satisfaction of a Lien;

 

(c)          the
taking of any action or the exercise of any right or remedy in respect of the collection on, set off against, marshalling of, injunction
respecting or foreclosure on the Collateral or the Proceeds thereof;

 

(d)          the
appointment of a receiver, receiver and manager or interim receiver of all or part of the Collateral;

 

(e)          the
sale, lease, license, or other disposition of all or any portion of the Collateral by private or public sale or any other means
permissible under applicable law;

 

(f)          the
exercise of any other right of a secured creditor under Part 6 of Article 9 of the Uniform Commercial Code;

 

(g)          the
exercise of any voting rights relating to any Capital Stock included in the Collateral; and

 

(h)          the
delivery of any notice, claim or demand relating to the Collateral to any Person (including any securities intermediary, depository
bank or landlord) in possession or control of any Collateral;

 

provided that
(i) filing a proof of claim or statement of interest in any Insolvency Proceeding, (ii) the acceleration of the Senior Priority
Obligations, (iii) the imposition of a default rate or late fee, (iv) the cessation of lending pursuant to the provisions of the
Senior Priority Documents, (v) the consent by any Senior Priority Agent to disposition by any Grantor of any of the Collateral
or the consent by the Senior Priority Representative to disposition by any Grantor of any of the Collateral or (vi) seeking adequate
protection shall not be deemed to be an Exercise of Secured Creditor Remedies.

 

“Financing
Lease” shall mean any lease of property, real or personal, the obligations of the lessee in respect of which are required
to be capitalized on a balance sheet of the lessee in accordance with generally accepted accounting principles as in effect in
the United States.

 

“Foreign Subsidiary”
shall mean any Subsidiary of the Company (a) that is organized under the laws of any jurisdiction outside of the United States
of America and any Subsidiary of such Foreign Subsidiary or (b) that is a Foreign Subsidiary Holdco. Any subsidiary of the Company
which is organized and existing under the laws of Puerto Rico or any other territory of the United States of America shall be a
Foreign Subsidiary.

 

“Foreign Subsidiary
Holdco” shall mean any Subsidiary of the Company, so long as such Subsidiary has no material assets other than securities
or indebtedness of one or more Foreign Subsidiaries (or Subsidiaries thereof), intellectual property relating to such Foreign Subsidiaries
(or Subsidiaries thereof) and/or other assets (including cash, Cash Equivalents and Temporary Cash Investments) relating to an
ownership interest in any such securities, indebtedness, intellectual property or Subsidiaries.

 

    	 	-11-	 

     

    

 

“Governmental
Authority” shall mean any nation or government, any state or other political subdivision thereof and any entity exercising
executive, legislative, judicial, regulatory or administrative functions of or pertaining to government, including the European
Union.

 

“Grantor”
shall mean any Grantor as defined in the Term Loan Collateral Documents, in the Junior Priority Collateral Documents or in the
Additional Collateral Documents, as the context requires.

 

“Guarantor”
shall mean any of the Term Loan Guarantors, the Initial Junior Priority Guarantors and any Additional Guarantors.

 

“Hedging Affiliate”
shall mean any Term Loan Hedging Affiliate, any Initial Junior Priority Hedging Affiliate or any Additional Hedging Affiliate,
as applicable.

 

“Hedging Agreement”
shall mean any Interest Rate Agreement, Commodities Agreement, Currency Agreement or any other credit or equity swap, collar, cap,
floor or forward rate agreement, or other agreement or arrangement designed to protect against fluctuations in interest rates or
currency, commodity, credit or equity values or creditworthiness (including any option with respect to any of the foregoing and
any combination of the foregoing agreements or arrangements), and any confirmation executed in connection with any such agreement
or arrangement.

 

“Hedging Provider”
shall mean any Term Loan Hedging Provider, any Initial Junior Priority Hedging Provider or any Additional Hedging Provider, as
applicable.

 

“Impairment”
shall (a) with respect to the Senior Priority Obligations, have the meaning set forth in Section 2.1(i), and (b) with respect
to the Junior Priority Obligations, have the meaning set forth in Section 2.1(j).

 

“Indebtedness”
shall mean, with respect to any Person at any date, (a) all indebtedness of such Person for borrowed money or for the deferred
purchase price of property (other than trade liabilities incurred in the ordinary course of business and payable in accordance
with customary practices), which purchase price is due more than one year after the date of placing such property in final service
or taking final delivery and title thereto, (b) any other indebtedness of such Person which is evidenced by a note, bond, debenture
or similar instrument, (c) all obligations of such Person under Financing Leases, (d) all obligations of such Person in respect
of letters of credit, bankers’ acceptances or other similar instruments issued or created for the account of such Person,
(e) all obligations of such Person in respect of interest rate protection agreements, interest rate futures, interest rate options,
interest rate caps and any other interest rate hedge arrangements, (f) all indebtedness or obligations of the types referred to
in the preceding clauses (a) through (e) to the extent secured by any Lien on any property owned by such Person even though such
Person has not assumed or otherwise become liable for the payment thereof and (g) all guarantees by such Person of Indebtedness
of other Persons, to the extent so guaranteed by such Person.

 

“Initial Junior
Priority Agent” shall mean [          ] in its capacity as collateral
agent under the Original Initial Junior Priority Credit Facility, together with its successors and assigns in such capacity from
time to time, whether under the Original Initial Junior Priority Credit Facility or any subsequent Initial Junior Priority Credit
Facility, as well as any Person designated as the “Agent” or “Collateral Agent” under any Initial Junior
Priority Credit Facility.

 

    	 	-12-	 

     

    

 

“Initial Junior
Priority Bank Products Affiliate” shall mean any Person who (a) has entered into a Bank Products Agreement with
any Initial Junior Priority Credit Party with the obligations of such Initial Junior Priority Credit Party thereunder being secured
by one or more Initial Junior Priority Collateral Documents, (b) was an Initial Junior Priority Agent, an Initial Junior
Priority Credit Facility Lender or an Affiliate of an Initial Junior Priority Agent or an Initial Junior Priority Credit Facility
Lender on the date hereof, or at the time of entry into such Bank Products Agreement, or at the time of the designation referred
to in the following clause (c), and (c) has been designated by the Company Representative in accordance with the terms of
one or more Initial Junior Priority Collateral Documents (provided that no Person shall, with respect to any Bank Products Agreement,
be at any time a Bank Products Affiliate hereunder with respect to more than one Credit Facility).

 

“Initial Junior Priority Bank
Products Provider” shall mean any Person (other than an Initial Junior Priority Bank Products Affiliate) that has entered
into a Bank Products Agreement with an Initial Junior Priority Credit Party with the obligations of such Initial Junior Priority
Credit Party thereunder being secured by one or more Initial Junior Priority Collateral Documents, as designated by the Company
Representative in accordance with the terms of one or more Initial Junior Priority Collateral Documents (provided that no Person
shall, with respect to any Bank Products Agreement, be at any time a Bank Products Provider hereunder with respect to more than
one Credit Facility).

 

“Initial Junior
Priority Borrower” shall mean [          ] in [its][their] capacity[y][ies]
as borrower[s] under the Initial Junior Priority Credit Facility, together with its [and their respective] successors and assigns.

 

“Initial Junior
Priority Collateral Documents” shall mean all “Security Documents” or comparable term as defined in
the Original Initial Junior Priority Credit Facility, and all other security agreements, mortgages, deeds of trust and other collateral
documents executed and delivered in connection with any Initial Junior Priority Credit Facility, and any other agreement, document
or instrument pursuant to which a Lien is granted securing any Initial Junior Priority Obligations or under which rights or remedies
with respect to such Liens are governed, in each case as the same may be amended, supplemented, waived or otherwise modified from
time to time.

 

“Initial Junior
Priority Credit Facility” shall mean (a) if the Original Initial Junior Priority Credit Facility is then in effect,
the Original Initial Junior Priority Credit Facility, and (b) thereafter, if designated by the Company Representative, any
other credit agreement, loan agreement, note agreement, promissory note, indenture or other agreement or instrument evidencing
or governing the terms of any indebtedness or other financial accommodation that complies with clause (2) of the definition of
“Additional Indebtedness” and that has been incurred to refund, refinance, restructure, replace, renew, repay, increase
or extend (whether in whole or in part and whether with the original agent and creditors or other agents and creditors or otherwise)
the indebtedness and other obligations outstanding under (x) the Original Initial Junior Priority Credit Facility or (y) any
subsequent Initial Junior Priority Credit Facility (in each case, as amended, supplemented, waived or otherwise modified from time
to time); provided, that the requisite creditors party to such Initial Junior Priority Credit Facility (or their agent or
other representative on their behalf) shall agree, by a joinder agreement substantially in the form of Exhibit C attached hereto
or otherwise in form and substance reasonably satisfactory to any Senior Priority Agent (other than any Designated Agent) (or,
if there is no continuing Senior Priority Agent other than any Designated Agent, as designated by the Company Representative),
that the obligations under such Initial Junior Priority Credit Facility are subject to the terms and provisions of this Agreement.
Any reference to the Initial Junior Priority Credit Facility shall be deemed a reference to any Initial Junior Priority Credit
Facility then in existence.

 

    	 	-13-	 

     

    

 

“Initial Junior
Priority Credit Facility Lenders” shall mean one or more holders of Indebtedness (or commitments therefor) that is or
may be incurred under the Initial Junior Priority Credit Facility, together with their successors, assigns and transferees, as
well as any Person designated as an “Initial Junior Priority Credit Facility Lender” under any Initial Junior Priority
Credit Facility.

 

“Initial Junior
Priority Credit Parties” shall mean the Initial Junior Priority Borrower, the Initial Junior Priority Guarantors and
each other direct or indirect Subsidiary of the Company or any of its Affiliates that is now or hereafter becomes a party to any
Initial Junior Priority Document.

 

“Initial Junior
Priority Creditors” shall mean all Initial Junior Priority Credit Facility Lenders, all Initial Junior Priority Bank
Products Affiliates, all Initial Junior Priority Hedging Affiliates, all Initial Junior Priority Bank Products Providers, all Initial
Junior Priority Hedging Providers and all Initial Junior Priority Management Credit Providers, and all successors, assigns, transferees
and replacements thereof, as well as any Person designated as an “Initial Junior Priority Creditor” under any Initial
Junior Priority Credit Facility.

 

“Initial Junior
Priority Documents” shall mean the Initial Junior Priority Credit Facility, the Initial Junior Priority Guarantees, the
Initial Junior Priority Collateral Documents, any Bank Products Agreements between any Initial Junior Priority Credit Party and
any Initial Junior Priority Bank Products Affiliate or Initial Junior Priority Bank Products Provider, any Hedging Agreements between
any Initial Junior Priority Credit Party and any Initial Junior Priority Hedging Affiliate or Initial Junior Priority Hedging Provider,
any Management Guarantee in favor of an Initial Junior Priority Management Credit Provider, those other ancillary agreements as
to which the Initial Junior Priority Agent or any Initial Junior Priority Secured Party is a party or a beneficiary and all other
agreements, instruments, documents and certificates, now or hereafter executed by or on behalf of any Initial Junior Priority Credit
Party or any of its respective Subsidiaries or Affiliates, and delivered to the Initial Junior Priority Agent, in connection with
any of the foregoing or any Initial Junior Priority Credit Facility, in each case as the same may be amended, supplemented, waived
or otherwise modified from time to time.

 

“Initial Junior
Priority Guarantees” shall mean the guarantees of the Initial Junior Priority Guarantors pursuant to the [          ]28,
and all other guarantees of any Initial Junior Priority Obligations of any Initial Junior Priority Credit Party in favor of any
Initial Junior Priority Secured Party, in each case as the same may be amended, supplemented, waived or otherwise modified from
time to time.

 

“Initial Junior
Priority Guarantors” shall mean the collective reference to the Company, each of the Company’s Domestic Subsidiaries
that is a guarantor under any of the Initial Junior Priority Guarantees and any other Person who becomes a guarantor under any
of the Initial Junior Priority Guarantees, in each case unless and until released from its guarantee obligations.

 

 

		28	Describe original guarantee arrangements.

 

    	 	-14-	 

     

    

 

“Initial Junior
Priority Hedging Affiliate” shall mean any Person who (a) has entered into a Hedging Agreement with any Initial Junior
Priority Credit Party with the obligations of such Initial Junior Priority Credit Party thereunder being secured by one or more
Initial Junior Priority Collateral Documents, (b) was an Initial Junior Priority Agent, an Initial Junior Priority Credit Facility
Lender or an Affiliate of an Initial Junior Priority Agent or an Initial Junior Priority Credit Facility Lender on the date hereof,
or at the time of entry into such Hedging Agreement, or at the time of the designation referred to in the following clause (c),
and (c) has been designated by the Company Representative in accordance with the terms of one or more Initial Junior Priority Collateral
Documents (provided that no Person shall, with respect to any Hedging Agreement, be at any time a Hedging Affiliate hereunder with
respect to more than one Credit Facility).

 

“Initial Junior
Priority Hedging Provider” shall mean any Person (other than an Initial Junior Priority Hedging Affiliate) that has entered
into a Hedging Agreement with an Initial Junior Priority Credit Party with the obligations of such Initial Junior Priority Credit
Party thereunder being secured by one or more Initial Junior Priority Collateral Documents, as designated by the Company Representative
in accordance with the terms of one or more Initial Junior Priority Collateral Documents (provided that no Person shall, with respect
to any Hedging Agreement, be at any time a Hedging Provider hereunder with respect to more than one Credit Facility).

 

“Initial Junior
Priority Management Credit Provider” shall mean any Person who (a) is a beneficiary of a Management Guarantee provided
by an Initial Junior Priority Credit Party, with the obligations of the applicable Initial Junior Priority Credit Party thereunder
being secured by one or more Initial Junior Priority Collateral Documents, and (b) has been designated by the Company Representative
in accordance with the terms of one or more Initial Junior Priority Collateral Documents (provided that no Person shall, with respect
to any Management Guarantee, be at any time a Management Credit Provider with respect to more than one Credit Facility).

 

“Initial Junior
Priority Obligations” shall mean any and all loans and all other obligations, liabilities and indebtedness of every kind,
nature and description, whether now existing or hereafter arising, whether arising before, during or after the commencement of
any case with respect to any Initial Junior Priority Credit Party under the Bankruptcy Code or any other Insolvency Proceeding,
owing by each Initial Junior Priority Credit Party from time to time to any Initial Junior Priority Agent, any Initial Junior Priority
Creditors or any of them, any Initial Junior Priority Bank Products Affiliates or Initial Junior Priority Hedging Affiliates, Initial
Junior Priority Bank Products Provider or Initial Junior Priority Hedging Provider, any Initial Junior Priority Management Credit
Provider, whether for principal, interest (including interest, fees and expenses which, but for the commencement of an Insolvency
Proceeding with respect to such Initial Junior Priority Credit Party, would have accrued on any Initial Junior Priority Obligation,
whether or not a claim is allowed against such Initial Junior Priority Credit Party for such interest, fees and expenses in the
related Insolvency Proceeding), reimbursement of amounts drawn under letters of credit, payments for early termination of Hedging
Agreements, fees, expenses, indemnification or otherwise, and all other amounts owing or due under the terms of the Initial Junior
Priority Documents, as amended, restated, modified, renewed, refunded, replaced or refinanced in whole or in part from time to
time.

 

“Initial Junior
Priority Secured Parties” shall mean the Initial Junior Priority Agent and the Initial Junior Priority Creditors.

 

“Insolvency
Proceeding” shall mean (a) any case, action or proceeding before any court or other Governmental Authority relating to
bankruptcy, reorganization, insolvency, liquidation, receivership, dissolution, winding up or relief of debtors, or (b) any general
assignment for the benefit of creditors, composition, marshalling of assets for creditors or other similar arrangement in respect
of its creditors generally or any substantial portion of its creditors; in each case covered by clauses (a) and (b) undertaken
under United States Federal, State or foreign law, including the Bankruptcy Code or other applicable Bankruptcy Law.

 

    	 	-15-	 

     

    

 

“Interest
Rate Agreement” shall mean, with respect to any Person, any interest rate protection agreement, future agreement, option
agreement, swap agreement, cap agreement, collar agreement, hedge agreement or other similar agreement or arrangement (including
derivative agreements or arrangements), as to which such Person is party or a beneficiary.

 

“Junior Priority
Agent” shall mean any of the Initial Junior Priority Agent and any Additional Agent under any Junior Priority Documents.

 

“Junior Priority
Collateral Documents” shall mean the Initial Junior Priority Collateral Documents and any Additional Collateral Documents
in respect of any Junior Priority Obligations.

 

“Junior Priority
Credit Facility” shall mean the Initial Junior Priority Credit Facility and any Additional Credit Facility in respect
of any Junior Priority Obligations.

 

“Junior Priority
Creditors” shall mean the Initial Junior Priority Creditors and any Additional Credit Facility Secured Party in respect
of any Junior Priority Obligations.

 

“Junior Priority
Debt” shall mean:

 

(1)         all
Initial Junior Priority Obligations; and

 

(2)         any
Additional Obligations of any Credit Party so long as on or before the date on which the relevant Additional Indebtedness is incurred,
such Indebtedness is designated by the Company Representative as “Junior Priority Debt” in the relevant Additional
Indebtedness Designation delivered pursuant to Section 7.11(a)(iii).

 

“Junior Priority
Documents” shall mean the Initial Junior Priority Documents and any Additional Documents in respect of any Junior Priority
Obligations.

 

“Junior Priority
Lien” shall mean a Lien granted or purported to be granted (a) pursuant to an Initial Junior Priority Collateral Document
to the Initial Junior Priority Agent or (b) pursuant to an Additional Collateral Document to any Additional Agent for the purpose
of securing Junior Priority Obligations.

 

“Junior Priority
Obligations” shall mean the Initial Junior Priority Obligations and any Additional Obligations constituting Junior Priority
Debt.

 

“Junior Priority
Representative” shall mean the Junior Priority Agent designated by the Junior Priority Agents to act on behalf of the
Junior Priority Agents hereunder, acting in such capacity. The Junior Priority Representative shall initially be the Initial Junior
Priority Agent under the Original Initial Junior Priority Credit Facility while the Original Initial Junior Priority Credit Facility
is in effect; if the Original Initial Junior Priority Credit Facility is not in effect, the Junior Priority Representative shall
be the Initial Junior Priority Agent under the relevant subsequent Initial Junior Priority Documents acting for the Junior Priority
Secured Parties, unless the exposure of the corresponding Junior Priority Secured Parties under any other Additional Documents
in respect of other Junior Priority Obligations exceeds the exposure of the relevant Junior Priority Secured Parties under such
subsequent Initial Junior Priority Documents, and in such case, the Junior Priority Agent under the Junior Priority Documents under
which the relevant Junior Priority Secured Parties have the greatest exposure (unless otherwise agreed in writing among the Junior
Priority Agents).

 

    	 	-16-	 

     

    

 

“Junior Priority
Secured Parties” shall mean, at any time, all of the Junior Priority Agents and all of the Junior Priority Creditors.

 

“Lien”
shall mean any mortgage, pledge, hypothecation, assignment for purposes of security, security deposit arrangement, encumbrance,
lien (statutory or other), charge or other security interest or any preference, priority or other security agreement or preferential
arrangement of any kind or nature whatsoever (including any conditional sale or other title retention agreement and any Financing
Lease having substantially the same economic effect as any of the foregoing).

 

“Lien Priority”
shall mean, with respect to any Lien of the Term Loan Agent, the Term Loan Secured Parties, the Initial Junior Priority Agent,
the Initial Junior Priority Creditors, any Additional Agent or any Additional Credit Facility Secured Party in the Collateral,
the order of priority of such Lien as specified in Section 2.1.

 

“Management
Credit Provider” shall mean any Additional Management Credit Provider, any Term Loan Management Credit Provider or any
Initial Junior Priority Management Credit Provider, as applicable.

 

“Management
Guarantee” shall have the meaning assigned to such term in (a) with respect to the Term Loan Obligations, the Original
Term Loan Credit Agreement (if the Original Term Loan Credit Agreement is then in effect), or in any other Term Loan Credit Agreement
then in effect (if the Original Term Loan Credit Agreement is not then in effect), (b) with respect to the Initial Junior Priority
Obligations, the Original Initial Junior Priority Credit Facility (if the Original Initial Junior Priority Credit Facility is then
in effect), or in any other Initial Junior Priority Credit Facility then in effect (if the Original Initial Junior Priority Credit
Facility is not then in effect and (c) with respect to any Additional Obligations, in the applicable Additional Credit Facility.

 

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

 

“Original
Initial Junior Priority Credit Facility” shall mean the [          ]29,
dated as of [         ], among [          ],
as such agreement may be amended, supplemented, restated, waived or otherwise modified from time to time.

 

“Original
Term Loan Credit Agreement” shall mean that certain Term Loan Credit Agreement dated as of February 8, 2018, by and among
the Term Loan Borrower, Credit Suisse AG, Cayman Islands Branch, as administrative agent, the Term Loan Credit Agreement Lenders
and the Term Loan Agent, as amended, supplemented, waived or otherwise modified from time to time.

 

 

		29	Describe the Original Initial Junior Priority Credit Facility.

 

    	 	-17-	 

     

    

 

“Party”
shall mean any of the Term Loan Agent, the Initial Junior Priority Agent or any Additional Agent, and “Parties”
shall mean all of the Term Loan Agent, the Initial Junior Priority Agent and any Additional Agent.

 

“Person”
shall mean an individual, partnership, corporation, limited liability company, business trust, joint stock company, trust, unincorporated
association, joint venture, Governmental Authority or other entity of whatever nature.

 

“Plan of Reorganization”
shall have the meaning assigned thereto in the Base Intercreditor Agreement.

 

“Pledged Securities”
shall have the meaning set forth in the Term Loan Collateral Documents, in the Initial Junior Priority Collateral Documents or
in any Additional Collateral Documents, as the context requires.

 

“Proceeds”
shall mean (a) all “proceeds,” as defined in Article 9 of the Uniform Commercial Code, with respect to the Collateral,
(b) whatever is recoverable or recovered when any Collateral is sold, exchanged, collected, or disposed of, whether voluntarily
or involuntarily and (c) in the case of Proceeds of Pledged Securities, all dividends or other income from the Pledged Securities,
collections thereon or distributions or payments with respect thereto.

 

“Property”
shall mean any interest in any kind of property or asset, whether real, personal or mixed, or tangible or intangible.

 

“Requisite
Senior Priority Holders” shall mean Senior Priority Secured Parties holding, in the aggregate, in excess of 50% of the
aggregate principal amount of the Senior Priority Obligations (other than Senior Priority Obligations in respect of Bank Products
Agreements, Hedging Agreements or Management Guarantees at any time and for so long as there are any outstanding Senior Priority
Obligations in respect of any Senior Priority Credit Facility); provided that, (x) if the matter being consented to or the
action being taken by the Senior Priority Representative is the subordination of Liens to other Liens, or the consent to a sale
of all or substantially all of the Collateral, then “Requisite Senior Priority Holders” shall mean those Senior Priority
Secured Parties necessary to validly consent to the requested action in accordance with the applicable Senior Priority Documents
and (y) except as may be separately otherwise agreed in writing by and between or among each Senior Priority Agent, on behalf of
itself and the Senior Priority Creditors represented thereby, if the matter being consented to or the action being taken by the
Senior Priority Representative will affect any Series of Senior Priority Debt in a manner different and materially adverse relative
to the manner such matter or action affects any other Series of Senior Priority Debt (except to the extent expressly set forth
in this Agreement), then “Requisite Senior Priority Holders” shall mean (1) Senior Priority Secured Parties holding,
in the aggregate, in excess of 50% of the aggregate principal amount of the Senior Priority Obligations (other than Senior Priority
Obligations in respect of Bank Products Agreements, Hedging Agreements or Management Guarantees at any time and for so long as
there are any outstanding Senior Priority Obligations in respect of any Senior Priority Credit Facility) and (2) Senior Priority
Secured Parties holding, in the aggregate, in excess of 50% of the aggregate principal amount of the applicable Series of Senior
Priority Debt (other than Senior Priority Obligations in respect of Bank Products Agreements, Hedging Agreements or Management
Guarantees at any time and for so long as there are any outstanding Senior Priority Obligations in respect of any Senior Priority
Credit Facility).

 

    	 	-18-	 

     

    

 

“S&P”
shall mean Standard & Poor’s Financial Services LLC, a division of S&P Global, Inc., and its successors.

 

“Secured Parties”
shall mean the Senior Priority Secured Parties and the Junior Priority Secured Parties.

 

“Senior Priority
Agent” shall mean any of the Term Loan Agent or any Additional Agent under any Senior Priority Documents.

 

“Senior Priority
Credit Facility” shall mean the Term Loan Credit Agreement and any Additional Credit Facility in respect of any Senior
Priority Obligations.

 

“Senior Priority
Creditors” shall mean the Term Loan Secured Parties and any Additional Credit Facility Secured Party in respect of any
Senior Priority Obligations.

 

“Senior Priority
Debt” shall mean:

 

(1)         all
Term Loan Obligations; and

 

(2)         any
Additional Obligations of any Credit Party so long as on or before the date on which the relevant Additional Indebtedness is incurred,
such Indebtedness is designated by the Company Representative as “Senior Priority Debt” in the relevant Additional
Indebtedness Designation delivered pursuant to Section 7.11(a)(iii).

 

“Senior Priority
Documents” shall mean the Term Loan Documents and any Additional Documents in respect of any Senior Priority Obligations.

 

“Senior Priority
Lien” shall mean a Lien granted (a) by a Term Loan Collateral Document to the Term Loan Agent or (b) by an Additional
Collateral Document to any Additional Agent for the purpose of securing Senior Priority Obligations.

 

“Senior Priority
Obligations” shall mean the Term Loan Obligations and any Additional Obligations constituting Senior Priority Debt.

 

“Senior Priority
Recovery” shall have the meaning set forth in Section 5.3.

 

“Senior Priority
Representative” shall mean the Senior Priority Agent designated by the Senior Priority Agents to act on behalf of the
Senior Priority Agents under this Agreement, acting in such capacity; provided that, at any time the Base Intercreditor
Agreement is in effect, the Senior Priority Representative shall be the “Term Loan Collateral Representative” as defined
under the Base Intercreditor Agreement. If the Base Intercreditor Agreement is no longer in effect, the Senior Priority Representative
shall initially be the Term Loan Agent under the Original Term Loan Credit Agreement while the Original Term Loan Credit Agreement
is in effect; if the Original Term Loan Credit Agreement is not in effect, the Senior Priority Representative shall be (1) the
Senior Priority Agent under the relevant subsequent Term Loan Credit Agreement acting for the Senior Priority Secured Parties,
if any, or (2) if there is no subsequent Term Loan Credit Agreement, or if the principal amount of the Term Loan Obligations owed
to the corresponding Senior Priority Secured Parties under any other Additional Documents in respect of other Senior Priority Obligations
exceeds the principal amount of Term Loan Obligations owed to the relevant Senior Priority Secured Parties under such subsequent
Term Loan Credit Agreement, the Senior Priority Agent under the Senior Priority Documents under which the relevant Senior Priority
Secured Parties are owed the greatest principal amount of Term Loan Obligations (unless otherwise agreed in writing among the Senior
Priority Agents).

 

    	 	-19-	 

     

    

 

“Senior Priority
Secured Parties” shall mean, at any time, all of the Senior Priority Agents and all of the Senior Priority Creditors.

 

“Series of
Junior Priority Debt” shall mean, severally, (a) the Indebtedness outstanding under the Initial Junior Priority Credit
Facility and (b) the Indebtedness outstanding under any Additional Credit Facility in respect of or constituting Junior Priority
Debt.

 

“Series of
Senior Priority Debt” shall mean, severally, (a) the Indebtedness outstanding under the Term Loan Credit Agreement and
(b) the Indebtedness outstanding under any Additional Credit Facility in respect of or constituting Senior Priority Debt.

 

“Specified
Default” shall mean a Specified Default under any Term Loan Credit Agreement, any Initial Junior Priority Credit Facility
or any Additional Credit Facility.

 

“Standstill
Period” shall have the meaning set forth in Section 2.3(a).

 

“Subsidiary”
of any Person shall mean a corporation, partnership, limited liability company, or other entity (a) of which shares of stock or
other ownership interests having ordinary voting power (other than stock or such other ownership interests having such power only
by reason of the happening of a contingency) to elect a majority of the board of directors or other managers of such corporation,
partnership, limited liability company or other entity are at the time owned by such Person, or (b) the management of which is
otherwise controlled, directly or indirectly through one or more intermediaries, or both, by such Person and, in the case of this
clause (b), which is treated as a consolidated subsidiary for accounting purposes.

 

    	 	-20-	 

     

    

 

“Temporary Cash
Investments” shall mean any of the following: (i) any investment in (x) direct obligations of
the United States of America, Canada, the United Kingdom, Switzerland, a member state of the European Union or any country in whose
currency funds are being held pending their application in the making of an investment or capital expenditure by the Parent or
a Restricted Subsidiary in that country or with such funds, or any agency or instrumentality of any thereof or obligations Guaranteed
by the United States of America, Canada, the United Kingdom, Switzerland or a member state of the European Union or any country
in whose currency funds are being held pending their application in the making of an investment or capital expenditure by the Parent
or a Restricted Subsidiary in that country or with such funds, or any agency or instrumentality of any of the foregoing, or obligations
guaranteed by any of the foregoing or (y) direct obligations of any foreign country recognized by the United States
of America rated at least “A” by S&P or “A-1” by Moody’s (or, in either case, the equivalent
of such rating by such organization or, if no rating of S&P or Moody’s then exists, the equivalent of such rating by
any nationally recognized rating organization), (ii) overnight bank deposits, and investments in time deposit accounts,
certificates of deposit, bankers’ acceptances and money market deposits (or, with respect to foreign banks, similar instruments)
maturing not more than one year after the date of acquisition thereof issued by (x) any bank or other institutional
lender under this Agreement or the Term Loan Facility or any affiliate thereof or (y) a bank or trust company that
is organized under the laws of the United States of America, any state thereof or any foreign country recognized by the United
States of America having capital and surplus aggregating in excess of $250,000,000 (or the foreign currency equivalent thereof)
and whose long term debt is rated at least “A” by S&P or “A-1” by Moody’s (or, in either case,
the equivalent of such rating by such organization or, if no rating of S&P or Moody’s then exists, the equivalent of
such rating by any nationally recognized rating organization) at the time such Investment is made, (iii) repurchase obligations
with a term of not more than 30 days for underlying securities or instruments of the types described in clause (i) or (ii) above
entered into with a bank meeting the qualifications described in clause (ii) above, (iv) Investments in commercial
paper, maturing not more than 270 days after the date of acquisition, issued by a Person (other than that of the Parent or any
of its Subsidiaries), with a rating at the time as of which any Investment therein is made of “P-2” (or higher) according
to Moody’s or “A-2” (or higher) according to S&P (or, in either case, the equivalent of such rating by such
organization or, if no rating of S&P or Moody’s then exists, the equivalent of such rating by any nationally recognized
rating organization), (v) Investments in securities maturing not more than one year after the date of acquisition issued
or fully guaranteed by any state, commonwealth or territory 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, in either case,
the equivalent of such rating by such organization or, if no rating of S&P or Moody’s then exists, the equivalent of
such rating by any nationally recognized rating organization), (vi) Indebtedness or Preferred Stock (other than of
the Parent or any of its Subsidiaries) having a rating of “A” or higher by S&P or “A2” or higher by
Moody’s (or, in either case, the equivalent of such rating by such organization or, if no rating of S&P or Moody’s
then exists, the equivalent of such rating by any nationally recognized rating organization), (vii) investment funds
investing at least 95.0% of their assets in securities of the type described in clauses (i) through (vi) above (which funds may
also hold reasonable amounts of cash pending investment and/or distribution), (viii) any money market deposit accounts issued
or offered by a domestic commercial bank or a commercial bank organized and located in a country recognized by the United States
of America, in each case, having capital and surplus in excess of $250,000,000 (or the foreign currency equivalent thereof), or
investments in money market funds subject to the risk limiting conditions of Rule 2a-7 (or any successor rule) of the SEC under
the Investment Company Act of 1940, as amended and (ix) similar investments approved by the board of directors in the
ordinary course of business.

 

“Term Loan
Agent” shall mean [           ]30 in its capacity as collateral agent under the Term Loan Credit Agreement, together
with its successors and assigns in such capacity from time to time, whether under the Original Term Loan Credit Agreement or any
subsequent Term Loan Credit Agreement, as well as any Person designated as the “Agent” or “Collateral Agent”
under any Term Loan Credit Agreement.

 

“Term Loan
Bank Products Affiliate” shall mean any Person who (a) has entered into a Bank Products Agreement with any Term Loan
Credit Party with the obligations of such Term Loan Credit Party thereunder being secured by one or more Term Loan Collateral Documents,
(b) was a Term Loan Agent, a Term Loan Credit Agreement Lender or an Affiliate of a Term Loan Agent or a Term Loan Credit Agreement
Lender on the date hereof, or at the time of entry into such Bank Products Agreement, or at the time of the designation referred
to in the following clause (c), and (c) has been designated by the Company Representative in accordance with the terms of one or
more Term Loan Collateral Documents (provided that no Person shall, with respect to any Bank Products Agreement, be at any time
a Bank Products Affiliate hereunder with respect to more than one Credit Facility).

 

 

		30	Insert name of Term Collateral Agent.

 

    	 	-21-	 

     

    

 

“Term Loan
Bank Products Provider” shall mean any Person (other than a Term Loan Bank Products Affiliate) that has entered into
a Bank Products Agreement with a Term Loan Credit Party with the obligations of such Term Loan Credit Party thereunder being secured
by one or more Term Loan Collateral Documents, as designated by the Company Representative in accordance with the terms of one
or more Term Loan Collateral Documents (provided that no Person shall, with respect to any Bank Products Agreement, be at any time
a Bank Products Provider hereunder with respect to more than one Credit Facility).

 

“Term Loan
Borrower” shall mean the Company in its capacity as borrower under the Term Loan Credit Agreement, together with its
successors and assigns.

 

“Term Loan
Collateral Documents” shall mean all “Security Documents” as defined in the Original Term Loan Credit
Agreement, and all other security agreements, mortgages, deeds of trust and other collateral documents executed and delivered in
connection with any Term Loan Credit Agreement, and any other agreement, document or instrument pursuant to which a Lien is granted
securing any Term Loan Obligations or under which rights or remedies with respect to such Liens are governed, in each case as the
same may be amended, supplemented or otherwise modified from time to time.

 

“Term Loan
Credit Agreement” shall mean (i) if the Original Term Loan Credit Agreement is then in effect, the Original Term
Loan Credit Agreement and (ii) thereafter, if designated by the Company Representative, any other credit agreement, loan agreement,
note agreement, promissory note, indenture or other agreement or instrument evidencing or governing the terms of any indebtedness
or other financial accommodation that complies with clause (1) of the definition of “Additional Indebtedness” and has
been incurred to refund, refinance, restructure, replace, renew, repay, increase or extend (whether in whole or in part and whether
with the original agent and creditors or other agents and creditors or otherwise) the indebtedness and other obligations outstanding
under (x) the Original Term Loan Credit Agreement or (y) any subsequent Term Loan Credit Agreement (in each case, as
amended, supplemented, waived or otherwise modified from time to time); provided, that (a) such indebtedness or financial
accommodation is secured by a Lien ranking pari passu with the Lien securing the First Lien Obligations (as such term is defined
in the relevant Term Loan Credit Agreement), and (b) the requisite creditors party to such Term Loan Credit Agreement (or their
agent or other representative on their behalf) shall agree, by a joinder agreement substantially in the form of Exhibit C
attached hereto or otherwise in form and substance reasonably satisfactory to the Initial Junior Priority Agent (if other than
a Designated Agent) and any other Junior Priority Agent, (other than any Designated Agent) (or, if there is no continuing Junior
Priority Agent other than any Designated Agent, as designated by the Company Representative) that the obligations under such Term
Loan Credit Agreement are subject to the terms and provisions of this Agreement. Any reference to the Term Loan Credit Agreement
shall be deemed a reference to any Term Loan Credit Agreement then in existence.

 

“Term Loan
Credit Agreement Lender” shall mean one or more holders of Indebtedness (or commitments therefor) that is or may be incurred
under any Term Loan Credit Agreement, together with their successors, assigns and transferees, as well as any Person designated
as a “Term Loan Credit Agreement Lender” under any Term Loan Credit Agreement.

 

“Term Loan
Credit Parties” shall mean the Term Loan Borrower, the Term Loan Guarantors and each other direct or indirect Subsidiary
of the Company or any of its Affiliates that is now or hereafter becomes a party to any Term Loan Document.

 

    	 	-22-	 

     

    

 

“Term Loan
Documents” shall mean the Term Loan Credit Agreement, the Term Loan Guarantees, the Term Loan Collateral Documents, any
Bank Products Agreements between any Term Loan Credit Party and any Term Loan Bank Products Affiliate or any Term Loan Bank Products
Provider, any Hedging Agreements between any Term Loan Credit Party and any Term Loan Hedging Affiliate or Term Loan Hedging Provider,
any Management Guarantee in favor of a Term Loan Management Credit Provider, and those other ancillary agreements as to which the
Term Loan Agent or any Term Loan Credit Agreement Lender is a party or a beneficiary and all other agreements, instruments, documents
and certificates, now or hereafter executed by or on behalf of any Term Loan Credit Party or any of its respective Subsidiaries
or Affiliates, and delivered to the Term Loan Agent, in connection with any of the foregoing or any Term Loan Credit Agreement,
in each case as the same may be amended, supplemented, waived or otherwise modified from time to time.

 

“Term Loan
Guarantees” shall mean that certain guarantee agreement dated as of the date [hereof] [of the Base Intercreditor Agreement]
by the Term Loan Guarantors in favor of the Term Loan Agent, and all other guarantees of any Term Loan Obligations of any Term
Loan Credit Party by any other Term Loan Credit Party in favor of any Term Loan Secured Party, in each case as amended, supplemented,
waived or otherwise modified from time to time.

 

“Term Loan
Guarantors” shall mean the collective reference to each of the Company’s Domestic Subsidiaries that is a guarantor
under any of the Term Loan Guarantees and any other Person who becomes a guarantor under any of the Term Loan Guarantees, in each
case unless and until released from its guarantee obligations.

 

“Term Loan
Hedging Affiliate” shall mean any Person who (a) has entered into a Hedging Agreement with any Term Loan Credit Party
with the obligations of such Term Loan Credit Party thereunder being secured by one or more Term Loan Collateral Documents, (b)
was a Term Loan Agent, a Term Loan Credit Agreement Lender or an Affiliate of a Term Loan Agent or a Term Loan Credit Agreement
Lender at the time of entry into such Hedging Agreement, or on or prior to the date hereof, or at the time of the designation referred
to in the following clause (c) and (c) has been designated by the Company Representative in accordance with the terms of one or
more Term Loan Collateral Documents (provided that no Person shall, with respect to any Hedging Agreement, be at any time a Hedging
Affiliate hereunder with respect to more than one Credit Facility).

 

“Term Loan
Hedging Provider” shall mean any Person (other than a Term Loan Hedging Affiliate) that has entered into a Hedging Agreement
with a Term Loan Credit Party with the obligations of such Term Loan Credit Party thereunder being secured by one or more Term
Loan Collateral Documents, as designated by the Company Representative in accordance with the terms of the Term Loan Collateral
Documents (provided that no Person shall, with respect to any Hedging Agreement, be at any time a Hedging Provider hereunder with
respect to more than one Credit Facility).

 

“Term Loan
Management Credit Provider” shall mean any Person who (a) is a beneficiary of a Management Guarantee provided by an Term
Loan Credit Party, with the obligations of the applicable Term Loan Credit Party thereunder being secured by one or more Term Loan
Collateral Documents and (b) has been designated by the Company Representative in accordance with the terms of one or more Term
Loan Collateral Documents (provided that no Person shall, with respect to any Management Guarantee, be at any time a Management
Credit Provider with respect to more than one Credit Facility).

 

    	 	-23-	 

     

    

 

“Term Loan
Obligations” shall mean any and all loans and all other obligations, liabilities and indebtedness of every kind, nature
and description, whether now existing or hereafter arising, whether arising before, during or after the commencement of any case
with respect to any Term Loan Credit Party under the Bankruptcy Code or any other Insolvency Proceeding, owing by each Term Loan
Credit Party from time to time to the Term Loan Agent, the Term Loan Credit Agreement Lender, any Term Loan Bank Products Affiliate,
Term Loan Hedging Affiliate, Term Loan Bank Products Provider or Term Loan Hedging Provider or any Term Loan Management Credit
Provider, whether for principal, interest (including interest, fees and expenses which, but for the commencement of an Insolvency
Proceeding with respect to such Term Loan Credit Party, would have accrued on any Term Loan Obligation, whether or not a claim
is allowed against such Term Loan Credit Party for such interest, fees and expenses in the related Insolvency Proceeding), reimbursement
for amounts drawn under letters of credit, payments for early termination of Hedging Agreements, fees, expenses, indemnification
or otherwise, and all other amounts owing or due under the terms of the Term Loan Documents, as amended, restated, modified, renewed,
refunded, replaced or refinanced in whole or in part from time to time, including all “Obligations,” as defined in
the Original Term Loan Credit Agreement.

 

“Term Loan
Secured Parties” shall mean the Term Loan Agent, all Term Loan Credit Agreement Lenders together with all Term Loan Bank
Products Affiliates, all Term Loan Hedging Affiliates, all Term Loan Bank Product Providers, all Term Loan Hedging Providers and
all Term Loan Management Credit Providers and all successors, assigns, transferees and replacements thereof, as well as any Person
designated as a “Term Loan Secured Party” under any Term Loan Credit Agreement.

 

“Uniform Commercial
Code” shall mean the Uniform Commercial Code as the same may, from time to time, be in effect in the State of New York;
provided that to the extent that the Uniform Commercial Code is used to define any term in any security document and such
term is defined differently in differing Articles of the Uniform Commercial Code, the definition of such term contained in Article
9 shall govern; provided, further, that in the event that, by reason of mandatory provisions of law, any or all of
the attachment, perfection, publication or priority of, or remedies with respect to, Liens of any Party is governed by the Uniform
Commercial Code or foreign personal property security laws as enacted and in effect in a jurisdiction other than the State of New
York, the term “Uniform Commercial Code” will mean the Uniform Commercial Code or such foreign personal property security
laws as enacted and in effect in such other jurisdiction solely for purposes of the provisions thereof relating to such attachment,
perfection, priority or remedies and for purposes of definitions related to such provisions.

 

“United States”
shall mean the United States of America.

 

Section 1.3           Rules
of Construction. Unless the context of this Agreement clearly requires otherwise, references to the plural include the singular,
references to the singular include the plural, the term “including” is not limiting, and the term “or”
has, except where otherwise indicated, the inclusive meaning represented by the phrase “and/or.” The words “hereof”,
“herein”, “hereby”, “hereunder” and similar terms in this Agreement refer to this Agreement
as a whole and not to any particular provision of this Agreement. Article, section, subsection, clause, schedule, and exhibit references
herein are to this Agreement unless otherwise specified. Any reference in this Agreement to any agreement, instrument, or document
shall include all alterations, amendments, changes, extensions, modifications, refinancings, renewals, replacements, restatements,
substitutions, joinders, and supplements thereto and thereof, as applicable (subject to any restrictions on such alterations, amendments,
changes, extensions, modifications, refinancings, renewals, replacements, restatements, substitutions, joinders, and supplements
set forth herein). Any reference herein to any Person shall be construed to include such Person’s successors and assigns,
and any reference herein to a Person acting in a particular capacity shall be construed to include such Person’s successors
and assigns in that capacity. Any reference herein to the repayment in full of an obligation shall mean the payment in full in
cash of such obligation, or in such other manner as may be approved in writing by the requisite holders or representatives in respect
of such obligation.

 

    	 	-24-	 

     

    

 

ARTICLE II

LIEN PRIORITY

 

Section 2.1           Agreement
to Subordinate.

 

(a)          Notwithstanding
(i) the date, time, method, manner, or order of grant, attachment, or perfection (including any defect or deficiency or alleged
defect or deficiency in any of the foregoing) of any Liens granted to any Senior Priority Agent or any Senior Priority Creditors
in respect of all or any portion of the Collateral, or of any Liens granted to any Junior Priority Agent or any Junior Priority
Creditors in respect of all or any portion of the Collateral, and regardless of how any such Lien was acquired (whether by grant,
statute, operation of law, subrogation or otherwise), (ii) the order or time of filing or recordation of any document or instrument
for perfecting the Liens in favor of any Senior Priority Agent, any Senior Priority Creditors, any Junior Priority Agent or any
Junior Priority Creditors in any Collateral, (iii) any provision of the Uniform Commercial Code, the Bankruptcy Code or any other
applicable law, or of any Senior Priority Documents or Junior Priority Documents, (iv) whether any Senior Priority Agent or any
Junior Priority Agent, in each case either directly or through agents, holds possession of, or has control over, all or any part
of the Collateral, (v) the fact that any such Liens in favor of any Senior Priority Agent or any Senior Priority Creditors securing
any of the Senior Priority Obligations are (x) subordinated to any Lien securing any other obligation of any Credit Party or (y)
otherwise subordinated, voided, avoided, invalidated or lapsed or (vi) any other circumstance of any kind or nature whatsoever,
each Junior Priority Agent, for and on behalf of itself and the Junior Priority Creditors represented thereby, hereby agrees that:

 

(i)          any
Lien in respect of all or any portion of the Collateral now or hereafter held by or on behalf of any Junior Priority Agent or any
Junior Priority Creditor that secures all or any portion of the Junior Priority Obligations shall be junior and subordinate in
all respects to all Liens granted to any of the Senior Priority Agents and the Senior Priority Creditors in the Collateral to secure
all or any portion of the Senior Priority Obligations;

 

(ii)         any
Lien in respect of all or any portion of the Collateral now or hereafter held by or on behalf of any Senior Priority Agent or any
Senior Priority Creditor that secures all or any portion of the Senior Priority Obligations shall be senior and prior in all respects
to all Liens granted to any of the Junior Priority Agents and the Junior Priority Creditors in the Collateral to secure all or
any portion of the Junior Priority Obligations;

 

(iii)        except
as otherwise provided in Sections 2.1(a)(11) and (12) of the Base Intercreditor Agreement, any Lien in respect of all or any portion
of the Collateral now or hereafter held by or on behalf of any Senior Priority Agent or any Senior Priority Creditor that secures
all or any portion of the Senior Priority Obligations shall be pari passu and equal in priority in all respects with any Lien in
respect of all or any portion of the Collateral now or hereafter held by or on behalf of any other Senior Priority Agent or any
other Senior Priority Creditor that secures all or any portion of the Senior Priority Obligations; and

 

    	 	-25-	 

     

    

 

(iv)        except
as otherwise provided in Sections 2.1(a)(11) and (12) of the Base Intercreditor Agreement, and except as may be separately otherwise
agreed in writing by and between or among any applicable Junior Priority Agents, in each case on behalf of itself and the Junior
Priority Secured Parties represented thereby, any Lien in respect of all or any portion of the Collateral now or hereafter held
by or on behalf of any Junior Priority Agent or any Junior Priority Creditor that secures all or any portion of the Junior Priority
Obligations shall be pari passu and equal in priority in all respects with any Lien in respect of all or any portion of the Collateral
now or hereafter held by or on behalf of any other Junior Priority Agent or any other Junior Priority Creditor that secures all
or any portion of the Junior Priority Obligations.

 

(b)          Notwithstanding
(i) the date, time, method, manner, or order of grant, attachment, or perfection (including any defect or deficiency or alleged
defect or deficiency in any of the foregoing) of any Liens granted to any Senior Priority Agent or any Senior Priority Creditors
in respect of all or any portion of the Collateral and regardless of how any such Lien was acquired (whether by grant, statute,
operation of law, subrogation or otherwise), (ii) the order or time of filing or recordation of any document or instrument for
perfecting the Liens in favor of any other Senior Priority Agent or any other Senior Priority Creditors in any Collateral, (iii)
any provision of the Uniform Commercial Code, the Bankruptcy Code or any other applicable law, or of any Senior Priority Documents,
(iv) whether any Senior Priority Agent, in each case either directly or through agents, holds possession of, or has control over,
all or any part of the Collateral, (v) the fact that any such Liens in favor of any Senior Priority Agent or any Senior Priority
Creditors securing any of the Senior Priority Obligations are (x) subordinated to any Lien securing any other obligation of any
Credit Party or (y) otherwise subordinated, voided, avoided, invalidated or lapsed or (vi) any other circumstance of any kind or
nature whatsoever, each Senior Priority Agent, for and on behalf of itself and the Senior Priority Creditors represented thereby,
hereby agrees that, except as otherwise provided in Sections 2.1(a)(11) and (12) of the Base Intercreditor Agreement or as may
be separately otherwise agreed in writing by and between or among any applicable Senior Priority Agents, in each case on behalf
of itself and the Senior Priority Creditors represented thereby, any Lien in respect of all or any portion of the Collateral now
or hereafter held by or on behalf of any Senior Priority Agent or any Senior Priority Creditor that secures all or any portion
of the Senior Priority Obligations shall be pari passu and equal in priority in all respects with any Lien in respect of all or
any portion of the Collateral now or hereafter held by or on behalf of any other Senior Priority Agent or any other Senior Priority
Creditor that secures all or any portion of the Senior Priority Obligations.

 

(c)          Notwithstanding
(i) the date, time, method, manner, or order of grant, attachment, or perfection (including any defect or deficiency or alleged
defect or deficiency in any of the foregoing) of any Liens granted to any Junior Priority Agent or any Junior Priority Creditors
in respect of all or any portion of the Collateral and regardless of how any such Lien was acquired (whether by grant, statute,
operation of law, subrogation or otherwise), (ii) the order or time of filing or recordation of any document or instrument for
perfecting the Liens in favor of any other Junior Priority Agent or any other Junior Priority Creditors in any Collateral, (iii)
any provision of the Uniform Commercial Code, the Bankruptcy Code or any other applicable law, or of any Junior Priority Documents,
(iv) whether any Junior Priority Agent, in each case either directly or through agents, holds possession of, or has control over,
all or any part of the Collateral, (v) the fact that any such Liens in favor of any Junior Priority Agent or any Junior Priority
Creditors securing any of the Junior Priority Obligations are (x) subordinated to any Lien securing any other obligation of any
Credit Party or (y) otherwise subordinated, voided, avoided, invalidated or lapsed or (vi) any other circumstance of any kind or
nature whatsoever, each Junior Priority Agent, for and on behalf of itself and the Junior Priority Creditors represented thereby,
hereby agrees that, except as otherwise provided in Sections 2.1(a)(11) and (12) of the Base Intercreditor Agreement or as may
be separately otherwise agreed in writing by and between or among any applicable Junior Priority Agents, in each case on behalf
of itself and the Junior Priority Creditors represented thereby, any Lien in respect of all or any portion of the Collateral now
or hereafter held by or on behalf of any Junior Priority Agent or any Junior Priority Creditor that secures all or any portion
of the Junior Priority Obligations shall be pari passu and equal in priority in all respects with any Lien in respect of all or
any portion of the Collateral now or hereafter held by or on behalf of any other Junior Priority Agent or any other Junior Priority
Creditor that secures all or any portion of the Junior Priority Obligations.

 

    	 	-26-	 

     

    

 

(d)          Notwithstanding
any failure by any Senior Priority Secured Party to perfect its security interests in the Collateral or any avoidance, invalidation,
priming or subordination by any third party or court of competent jurisdiction (including in any Insolvency Proceeding) of the
security interests in the Collateral granted to any of the Senior Priority Secured Parties, the priority and rights as (x) between
the respective classes of Senior Priority Secured Parties, and (y) between the Senior Priority Secured Parties, on the one hand,
and the Junior Priority Secured Parties, on the other hand, with respect to the Collateral shall be as set forth herein. Notwithstanding
any failure by any Junior Priority Secured Party to perfect its security interests in the Collateral or any avoidance, invalidation,
priming or subordination by any third party or court of competent jurisdiction of the security interests in the Collateral granted
to any of the Junior Priority Secured Parties, the priority and rights as between the respective classes of Junior Priority Secured
Parties with respect to the Collateral shall be as set forth herein. Lien priority as among the Senior Priority Obligations and
the Junior Priority Obligations with respect to any Collateral will be governed solely by this Agreement, except as may be separately
otherwise agreed in writing by or among any applicable Parties to the extent permitted pursuant to this Agreement and the Base
Intercreditor Agreement (as applicable).

 

(e)          The
Term Loan Agent, for and on behalf of itself and the Term Loan Secured Parties, acknowledges and agrees that (x) concurrently herewith,
the Initial Junior Priority Agent, for the benefit of itself and the Initial Junior Priority Secured Parties, has been granted
Junior Priority Liens upon all of the Collateral in which the Term Loan Agent has been granted Senior Priority Liens, and the Term
Loan Agent hereby consents thereto, and (y) one or more Additional Agents, each on behalf of itself and any Additional Credit Facility
Secured Parties represented thereby, may be granted Senior Priority Liens or Junior Priority Liens upon all of the Collateral in
which the Term Loan Agent has been granted Senior Priority Liens, and the Term Loan Agent hereby consents thereto.

 

(f)          The
Initial Junior Priority Agent, for and on behalf of itself and the Initial Junior Priority Secured Parties, acknowledges and agrees
that (x) the Term Loan Agent, for the benefit of itself and the Term Loan Secured Parties, has been granted Senior Priority Liens
upon all of the Collateral in which the Initial Junior Priority Agent has been granted Junior Priority Liens, and the Initial Junior
Priority Agent hereby consents thereto, and (y) one or more Additional Agents, each on behalf of itself and any Additional Credit
Facility Secured Parties represented thereby, may be granted Senior Priority Liens or Junior Priority Liens upon all of the Collateral
in which the Initial Junior Priority Agent has been granted Junior Priority Liens, and the Initial Junior Priority Agent hereby
consents thereto.

 

    	 	-27-	 

     

    

 

(g)          Each
Additional Agent, for and on behalf of itself and any Additional Credit Facility Secured Parties represented thereby, acknowledges
and agrees that, (x) the Term Loan Agent, for the benefit of itself and the Term Loan Secured Parties, has been granted Senior
Priority Liens upon all of the Collateral in which such Additional Agent is being granted Liens, and such Additional Agent hereby
consents thereto, (y) concurrently herewith, the Initial Junior Priority Agent, for the benefit of itself and the Initial Junior
Priority Secured Parties, has been granted Junior Priority Liens upon all of the Collateral in which such Additional Agent is being
granted Liens, and such Additional Agent hereby consents thereto, and (z) one or more other Additional Agents, each on behalf of
itself and any Additional Credit Facility Secured Parties represented thereby, have been or may be granted Senior Priority Liens
or Junior Priority Liens upon all of the Collateral in which such Additional Agent is being granted Liens, and such Additional
Agent hereby consents thereto.

 

(h)          Lien
priority as among the Additional Obligations, the Term Loan Obligations and the Initial Junior Priority Obligations with respect
to any Collateral will be governed solely by this Agreement and, as applicable, the Base Intercreditor Agreement, except as may
be separately otherwise agreed in writing by or among any applicable Parties to the extent permitted pursuant to this Agreement
and the Base Intercreditor Agreement (as applicable).

 

(i)          Each
Senior Priority Agent, for and on behalf of itself and the relevant Senior Priority Secured Parties represented thereby, hereby
acknowledges and agrees that it is the intention of the Senior Priority Secured Parties of each Series of Senior Priority Debt
that the holders of Senior Priority Obligations of such Series of Senior Priority Debt (and not the Senior Priority Secured Parties
of any other Series of Senior Priority Debt) bear the risk of (i) any determination by a court of competent jurisdiction that (x)
any of the Senior Priority Obligations of such Series of Senior Priority Debt are unenforceable under applicable law or are subordinated
to any other obligations (other than another Series of Senior Priority Debt), (y) any of the Senior Priority Obligations of such
Series of Senior Priority Debt do not have an enforceable security interest in any of the Collateral securing any other Series
of Senior Priority Debt and/or (z) any intervening security interest exists securing any other obligations (other than another
Series of Senior Priority Debt) on a basis ranking prior to the security interest of such Series of Senior Priority Debt but junior
to the security interest of any other Series of Senior Priority Debt or (ii) the existence of any Collateral for any other Series
of Senior Priority Debt that is not also Collateral for the other Series of Senior Priority Debt (any such condition referred to
in the foregoing clauses (i) or (ii) with respect to any Series of Senior Priority Debt, an “Impairment” of
such Series of Senior Priority Debt). In the event of any Impairment with respect to any Series of Senior Priority Debt, the results
of such Impairment shall be borne solely by the holders of such Series of Senior Priority Debt, and the rights of the holders of
such Series of Senior Priority Debt (including the right to receive distributions in respect of such Series of Senior Priority
Debt pursuant to Section 4.1) set forth herein shall be modified to the extent necessary so that the effects of such Impairment
are borne solely by the holders of the Series of Senior Priority Debt subject to such Impairment.

 

(j)          Each
Junior Priority Agent, for and on behalf of itself and the relevant Junior Priority Secured Parties represented thereby, hereby
acknowledges and agrees that it is the intention of the Junior Priority Secured Parties of each Series of Junior Priority Debt
that the holders of Junior Priority Obligations of such Series of Junior Priority Debt (and not the Junior Priority Secured Parties
of any other Series of Junior Priority Debt) bear the risk of (i) any determination by a court of competent jurisdiction that (x)
any of the Junior Priority Obligations of such Series of Junior Priority Debt are unenforceable under applicable law or are subordinated
to any other obligations (other than another Series of Junior Priority Debt), (y) any of the Junior Priority Obligations of such
Series of Junior Priority Debt do not have an enforceable security interest in any of the Collateral securing any other Series
of Junior Priority Debt and/or (z) any intervening security interest exists securing any other obligations (other than another
Series of Junior Priority Debt) on a basis ranking prior to the security interest of such Series of Junior Priority Debt but junior
to the security interest of any other Series of Junior Priority Debt or (ii) the existence of any Collateral for any other Series
of Junior Priority Debt that is not also Collateral for the other Series of Junior Priority Debt (any such condition referred to
in the foregoing clauses (i) or (ii) with respect to any Series of Junior Priority Debt, an “Impairment” of
such Series of Junior Priority Debt). In the event of any Impairment with respect to any Series of Junior Priority Debt, the results
of such Impairment shall be borne solely by the holders of such Series of Junior Priority Debt, and the rights of the holders of
such Series of Junior Priority Debt (including the right to receive distributions in respect of such Series of Junior Priority
Debt pursuant to Section 4.1) set forth herein shall be modified to the extent necessary so that the effects of such Impairment
are borne solely by the holders of the Series of Junior Priority Debt subject to such Impairment.

 

    	 	-28-	 

     

    

 

(k)          The
subordination of Liens by each Junior Priority Agent in favor of the Senior Priority Agents shall not be deemed to subordinate
the Liens of any Junior Priority Agent to the Liens of any other Person. The provision of pari passu and equal priority as between
Liens of any Senior Priority Agent and Liens of any other Senior Priority Agent, in each case as set forth herein, shall not be
deemed to provide that the Liens of the Senior Priority Agent will be pari passu or of equal priority with the Liens of any other
Person, or to subordinate any Liens of any Senior Priority Agent to the Liens of any Person. The provision of pari passu and equal
priority as between Liens of any Junior Priority Agent and Liens of any other Junior Priority Agent, in each case as set forth
herein, shall not be deemed to provide that the Liens of the Junior Priority Agent will be pari passu or of equal priority with
the Liens of any other Person.

 

(l)          So
long as the Discharge of Senior Priority Obligations has not occurred, the parties hereto agree that in the event that any Borrower
shall, or shall permit any other Grantor to, grant or permit any additional Liens, or take any action to perfect any additional
Liens, on any asset or property to secure any Junior Priority Obligation and have not also granted a Lien on such asset or property
to secure the Senior Priority Obligations and taken all actions to perfect such Liens, then, without limiting any other rights
and remedies available to any Senior Priority Agent and/or the other Senior Priority Secured Parties, each Junior Priority Agent,
for and on behalf of itself and the Junior Lien Secured Parties for which it is a Junior Priority Agent, and each other Junior
Priority Secured Party (by its acceptance of the benefits of the Junior Priority Documents), agrees that any amounts received by
or distributed to any of them pursuant to or as a result of Liens granted in contravention of this Section 2.1(l) shall
be subject to Section 4.1(d).

 

Section 2.2           Waiver
of Right to Contest Liens.

 

(a)          Each
Junior Priority Agent, for and on behalf of itself and the Junior Priority Creditors represented thereby, agrees that it and they
shall not (and hereby waives any right to) take any action to contest or challenge (or assist or support any other Person in contesting
or challenging), directly or indirectly, whether or not in any proceeding (including in any Insolvency Proceeding), the validity,
priority, enforceability, or perfection of the Liens of, or the allowability of any claims asserted by, any Senior Priority Agent
or any Senior Priority Creditor in respect of the Collateral, or the provisions of this Agreement. Except to the extent expressly
set forth in this Agreement, each Junior Priority Agent, for and on behalf of itself and the Junior Priority Creditors represented
thereby, agrees that no Junior Priority Agent or Junior Priority Creditor will take any action that would interfere with any Exercise
of Secured Creditor Remedies undertaken by any Senior Priority Agent or any Senior Priority Creditor under the Senior Priority
Documents with respect to the Collateral. Except to the extent expressly set forth in this Agreement, each Junior Priority Agent,
for and on behalf of itself and the Junior Priority Creditors represented thereby, hereby waives any and all rights it or such
Junior Priority Creditors may have as a junior lien creditor or otherwise to contest, protest, object to or interfere with the
manner in which any Senior Priority Agent or any Senior Priority Creditor seeks to enforce its Liens in any Collateral.

 

    	 	-29-	 

     

    

 

(b)          Except
as may be separately otherwise agreed in writing by and between or among any applicable Junior Priority Agents, in each case on
behalf of itself and any Junior Priority Creditors represented thereby, each Junior Priority Agent, for and on behalf of itself
and the Junior Priority Creditors represented thereby, agrees that it and they shall not (and hereby waives any right to) take
any action to contest or challenge (or assist or support any other Person in contesting or challenging), directly or indirectly,
whether or not in any proceeding (including in any Insolvency Proceeding), the validity, priority, enforceability, or perfection
of the Liens of any other Junior Priority Agent or any other Junior Priority Creditor in respect of the Collateral, or the provisions
of this Agreement. Except to the extent expressly set forth in this Agreement, or as may be separately otherwise agreed in writing
by and between or among any applicable Junior Priority Agents, each Junior Priority Agent, for and on behalf of itself and the
Junior Priority Creditors represented thereby, agrees that none of such Junior Priority Agent and Junior Priority Creditors will
take any action that would interfere with any Exercise of Secured Creditor Remedies undertaken by any Junior Priority Agent or
any Junior Priority Creditor under the Junior Priority Documents with respect to the Collateral. Except to the extent expressly
set forth in this Agreement, or as may be separately otherwise agreed in writing by and between or among any applicable Junior
Priority Agents, each Junior Priority Agent, for and on behalf of itself and the Junior Priority Creditors represented thereby,
hereby waives any and all rights it or such Junior Priority Creditors may have as a junior lien creditor or otherwise to contest,
protest, object to or interfere with the manner in which any Junior Priority Agent or any Junior Priority Creditor seeks to enforce
its Liens in any Collateral so long as such other Junior Priority Agent or Junior Priority Creditor is not prohibited from taking
such action under this Agreement.

 

(c)          The
assertion of priority rights established under the terms of this Agreement or in any separate writing contemplated hereby between
any of the parties hereto shall not be considered a challenge to Lien priority of any Party prohibited by this Section 2.2.

 

Section 2.3           Remedies
Standstill.

 

(a)          Each
Junior Priority Agent, for and on behalf of itself and the Junior Priority Creditors represented thereby, agrees that, until the
Discharge of Senior Priority Obligations, such Junior Priority Agent and such Junior Priority Creditors:

 

(i)          will
not, and will not seek to, Exercise Any Secured Creditor Remedies (or institute or join in any action or proceeding with respect
to the Exercise of Secured Creditor Remedies) with respect to the Collateral without the written consent of the Senior Priority
Representative; provided that any Junior Priority Agent may Exercise Any Secured Creditor Remedies (other than any Secured
Creditor Remedies the exercise of which is otherwise prohibited by this Agreement, including Section 6) after a period of
180 consecutive days has elapsed from the date of delivery of written notice by such Junior Priority Agent to each Senior Priority
Agent stating that an Event of Default (as defined under the applicable Junior Priority Credit Facility) has occurred and is continuing
thereunder and that the Junior Priority Obligations are currently due and payable in full (whether as a result of acceleration
or otherwise) and stating its intention to Exercise Any Secured Creditor Remedies (the “Standstill Period”),
and then such Junior Priority Agent may Exercise Any Secured Creditor Remedies only so long as (1) no Event of Default relating
to the payment of interest, principal, fees or other Senior Priority Obligations shall have occurred and be continuing and (2)
no Senior Priority Secured Party shall have commenced (or attempted to commence or given notice of its intent to commence) the
Exercise of Secured Creditor Remedies with respect to the Collateral (including seeking relief from the automatic stay or any other
stay in any Insolvency Proceeding), and

 

    	 	-30-	 

     

    

 

(ii)         will
not knowingly take, receive or accept any Proceeds of the Collateral, it being understood and agreed that the temporary deposit
of Proceeds of Collateral in a Deposit Account controlled by the Junior Priority Representative shall not constitute a breach of
this Agreement so long as such Proceeds are promptly remitted to the Senior Priority Representative.

 

From and after the Discharge of Senior
Priority Obligations (or prior thereto upon obtaining the written consent of each Senior Priority Agent), any Junior Priority Agent
and any Junior Priority Creditor may Exercise Any Secured Creditor Remedies under the Junior Priority Documents or applicable law
as to any Collateral; provided, however, that any Exercise of Secured Creditor Remedies with respect to any Collateral
by any Junior Priority Agent or any Junior Priority Creditor is at all times subject to the provisions of this Agreement, including
Section 4.1. Notwithstanding anything to the contrary contained herein, any Junior Priority Agent or any Junior Priority
Secured Party may:

 

file a
claim or statement of interest with respect to the Junior Priority Obligations; provided that an Insolvency Proceeding has been
commenced by or against any Credit Party;

 

take any
action (not adverse to the priority status of the Liens on the Senior Priority Collateral, or the rights of the Senior Priority
Agent or any of the Senior Priority Secured Parties to exercise rights, powers, and/or remedies in respect thereof, including those
under Article VI) in order to create, prove, perfect, preserve or protect (but not enforce) its Lien on and rights in, and the
perfection and priority of its Lien on, any of the Senior Priority Collateral;

 

file any
necessary responsive or defensive pleadings in opposition to any motion, claim, adversary proceeding or other pleading made by
any person objecting to or otherwise seeking the disallowance of the claims of the Junior Priority Secured Parties represented
thereby or of the same Series of Senior Priority Debt, in accordance with the terms of this Agreement;

 

file any
pleadings, objections, motions or agreements which assert rights or interests available to unsecured creditors of the Credit Parties
arising under either any Insolvency Proceeding or applicable non-bankruptcy law, in each case not inconsistent with or prohibited
by the terms of this Agreement or applicable law (including the Bankruptcy Laws of any applicable jurisdiction); and

 

vote on
any Plan of Reorganization, file any proof of claim, make other filings and make any arguments and motions (including in support
of or opposition to, as applicable, the confirmation or approval of any Plan of Reorganization) that are, in each case, in accordance
with the terms of this Agreement.

 

    	 	-31-	 

     

    

 

(b)          Any
Senior Priority Agent, for and on behalf of itself and any Senior Priority Creditors represented thereby, agrees that such Senior
Priority Agent and such Senior Priority Creditors will not, (except as may be separately otherwise agreed in writing by and between
or among all Senior Priority Agents, in each case on behalf of itself and the Senior Priority Creditors represented thereby), and
will not seek to, Exercise Any Secured Creditor Remedies (or institute or join in any action or proceeding with respect to the
Exercise of Secured Creditor Remedies) with respect to any of the Collateral without the written consent of the Senior Priority
Representative and will not knowingly take, receive or accept any Proceeds of Collateral (except as may be separately otherwise
agreed in writing by and between or among all Senior Priority Agents, in each case on behalf of itself and the Senior Priority
Creditors represented thereby), it being understood and agreed that the temporary deposit of Proceeds of Collateral in a Deposit
Account controlled by such Senior Priority Agent shall not constitute a breach of this Agreement so long as such Proceeds are promptly
remitted to the Senior Priority Representative; provided that nothing in this sentence shall prohibit any Senior Priority
Agent from taking such actions in its capacity as Senior Priority Representative, if applicable. The Senior Priority Representative
may Exercise Any Secured Creditor Remedies under the Senior Priority Collateral Documents or applicable law as to any Collateral;
provided, however, that any Exercise of Secured Creditor Remedies with respect to any Collateral by the Senior Priority
Representative is at all times subject to the provisions of this Agreement, including Section 4.1 hereof and of the Base
Intercreditor Agreement.

 

Section 2.4           Exercise
of Rights.

 

(a)          No
Other Restrictions. Except as expressly set forth in this Agreement, each Agent and each Creditor shall have any and all rights
and remedies it may have as a creditor under applicable law, including the right to the Exercise of Secured Creditor Remedies (except
as may be separately otherwise agreed in writing by and between or among any applicable Parties, solely as among such Parties and
the Creditors represented thereby); provided, however, that the Exercise of Secured Creditor Remedies with respect
to the Collateral shall be subject to the Lien Priority and to the provisions of this Agreement, including Section 4.1.
Each Senior Priority Agent may enforce the provisions of the applicable Senior Priority Documents, each Junior Priority Agent may
enforce the provisions of the applicable Junior Priority Documents, and each Agent may Exercise Any Secured Creditor Remedies,
all in such order and in such manner as each may determine in the exercise of its sole discretion, consistent with the terms of
this Agreement and mandatory provisions of applicable law (except as may be separately otherwise agreed in writing by and between
or among any applicable Parties, solely as among such Parties and the Creditors represented thereby); provided, however,
that each Agent agrees to provide to each other such Party copies of any notices that it is required under applicable law to deliver
to any Credit Party; provided, further, however, that any Senior Priority Agent’s failure to provide
any such copies to any other such Party shall not impair any Senior Priority Agent’s rights hereunder or under any of the
applicable Senior Priority Documents, and any Junior Priority Agent’s failure to provide any such copies to any other such
Party shall not impair any Junior Priority Agent’s rights hereunder or under any of the applicable Junior Priority Documents.
Each Agent agrees for and on behalf of itself and each Creditor represented thereby that such Agent and each such Creditor will
not institute or join in any suit, Insolvency Proceeding or other proceeding or assert in any suit, Insolvency Proceeding or other
proceeding any claim, (x) in the case of any Junior Priority Agent and any Junior Priority Creditor represented thereby, against
any Senior Priority Secured Party, and (y) in the case of any Senior Priority Agent and any Senior Priority Creditor represented
thereby, against any Junior Priority Secured Party, seeking damages from or other relief by way of specific performance, instructions
or otherwise, with respect to any action taken or omitted to be taken by such Person with respect to the Collateral that is consistent
with the terms of this Agreement, and none of such Persons shall be liable for any such action taken or omitted to be taken. Except
as may be separately otherwise agreed in writing by and between or among any applicable Senior Priority Agents, in each case on
behalf of itself and the Senior Priority Creditors represented thereby, each Senior Priority Agent agrees for and on behalf of
any Senior Priority Creditors represented thereby that such Agent and each such Creditor will not institute or join in any suit,
Insolvency Proceeding or other proceeding or assert in any suit, Insolvency Proceeding or other proceeding any claim against any
other Senior Priority Agent or any Senior Priority Creditor represented thereby seeking damages from or other relief by way of
specific performance, instructions or otherwise, with respect to any action taken or omitted to be taken by such Person with respect
to the Collateral that is consistent with the terms of this Agreement, and none of such Persons shall be liable for any such action
taken or omitted to be taken. Except as may be separately otherwise agreed in writing by and between or among any Junior Priority
Agents, in each case on behalf of itself and the Junior Priority Creditors represented thereby, each Junior Priority Agent agrees
for and on behalf of any Junior Priority Creditors represented thereby that such Agent and each such Creditor will not institute
or join in any suit, Insolvency Proceeding or other proceeding or assert in any suit, Insolvency Proceeding or other proceeding
any claim against any other Junior Priority Agent or any Junior Priority Creditor represented thereby seeking damages from or other
relief by way of specific performance, instructions or otherwise, with respect to any action taken or omitted to be taken by such
Person with respect to the Collateral that is consistent with the terms of this Agreement, and none of such Persons shall be liable
for any such action taken or omitted to be taken.

 

    	 	-32-	 

     

    

 

(b)          Release
of Liens. Without limiting any release permitted under the Base Intercreditor Agreement, in the event of (A) any private or
public sale of all or any portion of the Collateral in connection with any Exercise of Secured Creditor Remedies by or with the
consent of the Senior Priority Representative, (B) any sale, transfer or other disposition of all or any portion of the Collateral,
so long as such sale, transfer or other disposition is then permitted by the Senior Priority Documents, (C) the release of the
Senior Priority Secured Parties’ Liens on all or any portion of the Collateral which release under clause (C) shall have
been approved by all of the requisite Senior Priority Secured Parties (as determined pursuant to the applicable Senior Priority
Documents), in the case of clauses (B) and (C) only to the extent occurring prior to the Discharge of Senior Priority Obligations
and not in connection with a Discharge of Senior Priority Obligations (and irrespective of whether an Event of Default has occurred)
or (D) the termination and discharge of a subsidiary guaranty in accordance with the terms thereof, each Junior Priority Agent
agrees, for and on behalf of itself and the Junior Priority Creditors represented thereby, that (x) so long as, if applicable,
the net cash proceeds of any such sale, if any, described in clause (A) above are applied as provided in Section 4.1 of the Base
Intercreditor Agreement as supplemented by Section 4.1 hereof and there is a corresponding release of the Liens securing
the Senior Priority Obligations, such sale, transfer, disposition or release will be free and clear of the Liens on such Collateral
securing the Junior Priority Obligations and (y) such Junior Priority Secured Parties’ Liens with respect to the Collateral
so sold, transferred, disposed or released shall terminate and be automatically released without further action. In furtherance
of, and subject to, the foregoing, each Junior Priority Agent agrees that it will execute any and all Lien releases or other documents
reasonably requested by any Senior Priority Agent in connection therewith, so long as the net cash proceeds, if any, from such
sale described in clause (A) above of such Collateral are applied in accordance with the terms of this Agreement. Each Junior Priority
Agent hereby appoints the Senior Priority Representative and any officer or duly authorized person of the Senior Priority Representative,
with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power of attorney in the place and
stead of such Junior Priority Agent and in the name of such Junior Priority Agent or in the Senior Priority Representative’s
own name, from time to time, in the Senior Priority Representative’s sole discretion, for the purposes of carrying out the
terms of this paragraph, to take any and all appropriate action and to execute and deliver any and all documents and instruments
as may be necessary or desirable to accomplish the purposes of this paragraph, including, without limitation, any financing statements,
endorsements, assignments, releases or other documents or instruments of transfer (which appointment, being coupled with an interest,
is irrevocable).

 

    	 	-33-	 

     

    

 

Section 2.5           [Reserved.]

 

Section 2.6           Waiver
of Marshalling. Until the Discharge of Senior Priority Obligations, each Junior Priority Agent, on behalf of itself and the
Junior Priority Secured Parties represented thereby, agrees not to assert and hereby waives, to the fullest extent permitted by
law, any right to demand, request, plead or otherwise assert or otherwise claim the benefit of, any marshalling or other similar
right that may otherwise be available under applicable law with respect to the Collateral or any other similar rights a junior
secured creditor may have under applicable law.

 

ARTICLE III

 

ACTIONS OF THE PARTIES

 

Section 3.1           Certain
Actions Permitted. Notwithstanding anything herein to the contrary, each Agent may make such demands or file such claims in
respect of the Senior Priority Obligations or Junior Priority Obligations, as applicable, owed to such Agent and the Creditors
represented thereby as are necessary to prevent the waiver or bar of such claims under applicable statutes of limitations or other
statutes, court orders, or rules of procedure at any time.

 

Section 3.2           Agent
for Perfection.

 

(a)          Subject
to the provisions of the Base Intercreditor Agreement with respect to ABL Priority Collateral, each Credit Party shall deliver
all Control Collateral when required to be delivered pursuant to the Credit Documents to (x) until the Discharge of Senior Priority
Obligations, the Senior Priority Representative and (y) thereafter, the Junior Priority Representative.

 

(b)          None
of the Senior Priority Agents, the Senior Priority Representative or the Senior Priority Secured Parties shall be responsible for
perfecting and maintaining the perfection of Liens with respect to the Collateral for the benefit of the Junior Priority Representatives
or the Junior Priority Secured Parties.

 

(c)          Subject
to the provisions of the Base Intercreditor Agreement with respect to ABL Priority Collateral, in the event that any Secured Party
receives any Collateral or Proceeds of the Collateral in violation of the terms of this Agreement, then such Secured Party shall
promptly pay over such Proceeds or Collateral to (x) until the Discharge of Senior Priority Obligations, the Senior Priority Representative,
and (y) thereafter, the Junior Priority Representative, in the same form as received with any necessary endorsements, for application
in accordance with the provisions of Section 4.1 of the Base Intercreditor Agreement, as supplemented by Section 4.1 hereof.

 

Section 3.3           Sharing
of Information and Access. In the event that any Junior Priority Agent shall, in the exercise of its rights under the applicable
Junior Priority Collateral Documents or otherwise, receive possession or control of any books and records of any Credit Party that
contain information identifying or pertaining to the Collateral, such Junior Priority Agent shall, upon request from any other
Agent, and as promptly as practicable thereafter, either make available to such Agent such books and records for inspection and
duplication or provide to such Agent copies thereof. In the event that any Senior Priority Agent shall, in the exercise of its
rights under the applicable Senior Priority Collateral Documents or otherwise, receive possession or control of any books and records
of any Senior Priority Credit Party that contain information identifying or pertaining to the Collateral, such Senior Priority
Agent shall, upon request from any other Agent, and as promptly as practicable thereafter, either make available to such Agent
such books and records for inspection and duplication or provide to such Agent copies thereof.

 

    	 	-34-	 

     

    

 

Section 3.4           Insurance.
Proceeds of Collateral include insurance proceeds and, therefore, the Lien Priority shall govern the ultimate disposition of casualty
insurance proceeds. Subject to the provisions of the Base Intercreditor Agreement with respect to ABL Priority Collateral, the
Senior Priority Representative shall be named as additional insured or loss payee, as applicable, with respect to all insurance
policies relating to Collateral. Subject to the provisions of the Base Intercreditor Agreement with respect to ABL Priority Collateral,
the Senior Priority Representative shall have the sole and exclusive right, as against any Secured Party, to adjust settlement
of insurance claims in the event of any covered loss, theft or destruction of Collateral. Subject to the provisions of the Base
Intercreditor Agreement with respect to ABL Priority Collateral, all proceeds of such insurance shall be remitted to the Senior
Priority Representative, and each other Agent shall cooperate (if necessary) in a reasonable manner in effecting the payment of
insurance proceeds in accordance with Section 4.1. If any Junior Priority Secured Party shall, at any time, receive any
proceeds of any such insurance policy or any such award in contravention of this Agreement, it shall pay such proceeds over to
the Senior Priority Representative in accordance with the terms of Section 4.1.

 

Section 3.5           No
Additional Rights for the Credit Parties Hereunder. Except as provided in Section 3.6, if any Secured Party shall enforce
its rights or remedies in violation of the terms of this Agreement, the Credit Parties shall not be entitled to use such violation
as a defense to any action by any Secured Party, nor to assert such violation as a counterclaim or basis for set off or recoupment
against any Secured Party.

 

Section 3.6           Actions
upon Breach. If any Junior Priority Secured Party, contrary to this Agreement, commences or participates in any action or proceeding
against the Credit Parties or the Collateral, the Credit Parties, with the prior written consent of the Senior Priority Representative,
may interpose as a defense or dilatory plea the making of this Agreement, and any Senior Priority Secured Party may intervene and
interpose such defense or plea in its own name or in the name of the Credit Parties. Should any Junior Priority Secured Party,
contrary to this Agreement, in any way take, or attempt or threaten to take, any action with respect to the Collateral (including
any attempt to realize upon or enforce any remedy with respect to this Agreement), or fail to take any action required by this
Agreement, any Senior Priority Agent (in its own name or in the name of the Credit Parties) may obtain relief against such Junior
Priority Secured Party by injunction, specific performance and/or other appropriate equitable relief, it being understood and agreed
by each Junior Priority Agent, for and on behalf of itself and each Junior Priority Creditor represented thereby, that the Senior
Priority Secured Parties’ damages from such actions may be difficult to ascertain and may be irreparable, and each Junior
Priority Agent on behalf of itself and each Junior Priority Secured Creditor represented thereby, waives any defense that the Senior
Priority Secured Parties cannot demonstrate damages or be made whole by the awarding of damages.

 

    	 	-35-	 

     

    

 

ARTICLE IV

 

APPLICATION OF PROCEEDS

 

Section 4.1           Application
of Proceeds.

 

(a)          Revolving
Nature of Certain Term Loan Obligations. Each Agent, for and on behalf of itself and the Secured Parties represented thereby,
expressly acknowledges and agrees that (i) Term Loan Credit Agreements may include a revolving commitment, that in the ordinary
course of business any Term Loan Agent and Term Loan Credit Agreement Lender may apply payments and make advances thereunder and
(ii) the amount of Term Loan Obligations that may be outstanding thereunder at any time or from time to time may be increased or
reduced and subsequently reborrowed, and that the terms of Term Loan Obligations thereunder may be modified, extended or amended
from time to time, and that the aggregate amount of Term Loan Obligations thereunder may be increased, replaced or refinanced,
in each event, without notice to or consent by any other Secured Parties and without affecting the provisions hereof; provided,
however, that from and after the date on which any Term Loan Agent or Term Loan Credit Agreement Lender commences the Exercise
of Secured Creditor Remedies, all amounts received by any such Term Loan Agent or Term Loan Credit Agreement Lender as a result
of such Exercise of Secured Creditor Remedies shall be applied as specified in this Section 4.1. The Lien Priority shall not be
altered or otherwise affected by any such amendment, modification, supplement, extension, repayment, reborrowing, increase, replacement,
renewal, restatement or refinancing of the Term Loan Obligations, the Initial Junior Priority Obligations, or any Additional Obligations,
or any portion thereof.

 

(b)          Revolving
Nature of Certain Junior Priority Obligations. Each Agent, for and on behalf of itself and the Secured Parties represented
thereby, expressly acknowledges and agrees that (x) Junior Priority Credit Facilities may include a revolving commitment, that
in the ordinary course of business any Junior Priority Agent and Junior Priority Secured Parties may apply payments and make advances
thereunder and (y) the amount of Junior Priority Obligations that may be outstanding thereunder at any time or from time to time
may be increased or reduced and subsequently reborrowed, and that the terms of Junior Priority Obligations thereunder may be modified,
extended or amended from time to time, and that the aggregate amount of Junior Priority Obligations thereunder may be increased,
replaced or refinanced, in each event, without notice to or consent by any other Secured Parties and without affecting the provisions
hereof; provided, however, that from and after the date on which any Junior Priority Agent or Junior Priority Secured
Party commences the Exercise of Secured Creditor Remedies, all amounts received by any such Junior Priority Agent or Junior Priority
Secured Party as a result of such Exercise of Secured Creditor Remedies shall be applied as specified in this Section 4.1. The
Lien Priority shall not be altered or otherwise affected by any such amendment, modification, supplement, extension, repayment,
reborrowing, increase, replacement, renewal, restatement or refinancing of the Term Loan Obligations, the Initial Junior Priority
Obligations, or any Additional Obligations, or any portion thereof.

 

(c)          Revolving
Nature of Certain Additional Obligations. Each Agent, for and on behalf of itself and the Secured Parties represented thereby,
expressly acknowledges and agrees that (x) Additional Credit Facilities may include a revolving commitment, that in the ordinary
course of business any Additional Agent and Additional Credit Facility Secured Parties may apply payments and make advances thereunder
and (y) the amount of Additional Obligations that may be outstanding thereunder at any time or from time to time may be increased
or reduced and subsequently reborrowed, and that the terms of Additional Obligations thereunder may be modified, extended or amended
from time to time, and that the aggregate amount of Additional Obligations thereunder may be increased, replaced or refinanced,
in each event, without notice to or consent by any other Secured Parties and without affecting the provisions hereof; provided,
however, that from and after the date on which any Additional Agent or Additional Credit Facility Secured Party commences
the Exercise of Secured Creditor Remedies, all amounts received by any such Additional Agent or Additional Credit Facility Secured
Party as a result of such Exercise of Secured Creditor Remedies shall be applied as specified in this Section 4.1. The Lien Priority
shall not be altered or otherwise affected by any such amendment, modification, supplement, extension, repayment, reborrowing,
increase, replacement, renewal, restatement or refinancing of the Term Loan Obligations, the Initial Junior Priority Obligations,
or any Additional Obligations, or any portion thereof.

 

    	 	-36-	 

     

    

 

(d)          Application
of Proceeds of Collateral. This Agreement constitutes a separate agreement in writing as contemplated by clauses 4.1(c) third
and 4.1(d) second of the Base Intercreditor Agreement. The parties hereto agree that any Proceeds of Collateral to be allocated
under such clauses of the Base Intercreditor Agreement will be allocated first to the Senior Priority Obligations in accordance
with the Base Intercreditor Agreement until the Discharge of Senior Priority Obligations, and then only after such Discharge of
Senior Priority Obligations to the Junior Priority Obligations, and each Junior Priority Agent agrees, for and on behalf of itself
and the Junior Priority Creditors represented thereby, that after the Discharge of Senior Priority Obligations the remaining Proceeds
of Collateral shall be applied,

 

first, to the payment
of costs and expenses of each Junior Priority Agent, as applicable,

 

second, to the payment
of Junior Priority Obligations owing to the Junior Priority Secured Parties represented by each Junior Priority Agent in accordance
with the applicable Junior Priority Credit Facility, which payment shall be made between and among the Junior Priority Obligations
owing to Junior Priority Secured Parties represented by different Junior Priority Agents on a pro rata basis
(except as may be separately otherwise agreed in writing by and between or among any applicable Junior Priority Agents, in each
case on behalf of itself and the Junior Priority Secured Parties represented thereby), and

 

third, the balance, if
any, to the Credit Parties or to whomsoever may be lawfully entitled to receive the same or as a court of competent jurisdiction
may direct.

 

Each Junior Priority
Agent shall provide the Junior Priority Representative with such information about the Junior Priority Obligations owing to the
Junior Priority Secured Parties represented by it as they may reasonably request in order to carry out the purposes of this Section
4.1.

 

(e)          Limited
Obligation or Liability. In exercising remedies, whether as a secured creditor or otherwise, no Senior Priority Agent shall
have any obligation or liability to any Junior Priority Secured Party, or (except as may be separately agreed in writing by and
between or among any applicable Senior Priority Agents, in each case on behalf of itself and the Senior Priority Creditors represented
thereby) to any other Senior Priority Secured Party, in each case regarding the adequacy of any Proceeds or for any action or omission,
save and except solely for an action or omission that breaches the express obligations undertaken by such Senior Priority Agent
under the terms of this Agreement. In exercising remedies, whether as a secured creditor or otherwise, no Junior Priority Agent
shall have any obligation or liability (except as may be separately agreed in writing by and between or among any applicable Junior
Priority Agents, in each case on behalf of itself and the Junior Priority Creditors represented thereby) to any other Junior Priority
Secured Party, in each case regarding the adequacy of any Proceeds or for any action or omission, save and except solely for an
action or omission that breaches the express obligations undertaken by such Junior Priority Agent under the terms of this Agreement.

 

    	 	-37-	 

     

    

 

(f)          Turnover
of Cash Collateral After Discharge. Subject to the obligations of each Senior Priority Agent under the Base Intercreditor Agreement
with respect to ABL Priority Collateral, upon the Discharge of Senior Priority Obligations, each Senior Priority Agent shall deliver
to the Junior Priority Representative or shall execute such documents as the Company Representative or as the Junior Priority Representative
may reasonably request to enable it to have control over any Cash Collateral or Control Collateral still in such Senior Priority
Agent’s possession, custody or control in the same form as received with any necessary endorsements, or as a court of competent
jurisdiction may otherwise direct. As between any Junior Priority Agent and any other Junior Priority Agent, any such Cash Collateral
or Control Collateral held by any such Party shall be held by it subject to the terms and conditions of Section 3.2.

 

Section 4.2           Specific
Performance. Each Agent is hereby authorized to demand specific performance of this Agreement, whether or not any Credit Party
shall have complied with any of the provisions of any of the Credit Documents, at any time when any other Party shall have failed
to comply with any of the provisions of this Agreement applicable to it. Each Agent, for and on behalf of itself and the Secured
Parties represented thereby, hereby irrevocably waives any defense based on the adequacy of a remedy at law that might be asserted
as a bar to such remedy of specific performance.

 

ARTICLE V

 

INTERCREDITOR ACKNOWLEDGEMENTS AND WAIVERS

 

Section 5.1           Notice
of Acceptance and Other Waivers.

 

(a)          All
Senior Priority Obligations at any time made or incurred by any Credit Party shall be deemed to have been made or incurred in reliance
upon this Agreement, and each Junior Priority Agent, for and on behalf of itself and the Junior Priority Creditors represented
thereby, hereby waives notice of acceptance of, or proof of reliance by any Senior Priority Agent or any Senior Priority Creditors
on, this Agreement, and notice of the existence, increase, renewal, extension, accrual, creation, or nonpayment of all or any part
of the Senior Priority Obligations.

 

(b)          None
of the Senior Priority Agents (including any Senior Priority Agent in its capacity as Senior Priority Representative, if applicable),
the Senior Priority Creditors, or any of their respective Affiliates, or any of the respective directors, officers, employees,
or agents of any of the foregoing, shall be liable for failure to demand, collect, or realize upon any of the Collateral or any
Proceeds, or for any delay in doing so, or shall be under any obligation to sell or otherwise dispose of any Collateral or Proceeds
thereof or to take any other action whatsoever with regard to the Collateral or any part or Proceeds thereof, except as specifically
provided in this Agreement and the Base Intercreditor Agreement. If any Senior Priority Agent or Senior Priority Creditor honors
(or fails to honor) a request by any relevant Borrower for an extension of credit pursuant to any Senior Priority Credit Facility
or any other Senior Priority Document, whether or not such Senior Priority Agent or Senior Priority Creditor has knowledge that
the honoring of (or failure to honor) any such request would constitute a default under the terms of any Junior Priority Credit
Facility or any other Junior Priority Document (but not a default under this Agreement) or would constitute an act, condition,
or event that, with the giving of notice or the passage of time, or both, would constitute such a default, or if any Senior Priority
Agent or Senior Priority Creditor otherwise exercises any of its contractual rights or remedies under any Senior Priority Documents
(subject to the express terms and conditions hereof), no Senior Priority Agent or Senior Priority Creditor shall have any liability
whatsoever to any Junior Priority Agent or Junior Priority Creditor as a result of such action, omission, or exercise, in each
case so long as any such exercise does not breach the express terms and provisions of this Agreement. Each Senior Priority Secured
Party shall be entitled to manage and supervise its loans and extensions of credit under the relevant Senior Priority Credit Facility
and other Senior Priority Documents as it may, in its sole discretion, deem appropriate, and may manage its loans and extensions
of credit without regard to any rights or interests that the Junior Priority Agents or Junior Priority Creditors have in the Collateral,
except as otherwise expressly set forth in this Agreement. Each Junior Priority Agent, on behalf of itself and the Junior Priority
Creditors represented thereby, agrees that no Senior Priority Agent or Senior Priority Creditor shall incur any liability as a
result of a sale, lease, license, application, or other disposition of all or any portion of the Collateral or Proceeds thereof
pursuant to the Senior Priority Documents, in each case so long as such disposition is conducted in accordance with mandatory provisions
of applicable law and does not breach the provisions of this Agreement.

 

    	 	-38-	 

     

    

 

Section 5.2           Modifications
to Senior Priority Documents and Junior Priority Documents.

 

(a)          Each
Junior Priority Agent, for and on behalf of itself and the Junior Priority Creditors represented thereby, hereby agrees that, without
affecting the obligations of such Junior Priority Secured Parties hereunder, each Senior Priority Agent and the Senior Priority
Creditors represented thereby may, at any time and from time to time, in their sole discretion without the consent of or notice
to any Junior Priority Secured Party (except to the extent such notice or consent is required pursuant to the express provisions
of this Agreement), and without incurring any liability to any such Junior Priority Secured Party or impairing or releasing the
subordination provided for herein, amend, restate, supplement, replace, refinance, extend, consolidate, restructure, or otherwise
modify any of the Senior Priority Documents in any manner whatsoever, including, to:

 

(i)          change
the manner, place, time, or terms of payment or renew, alter or increase, all or any of the Senior Priority Obligations or otherwise
amend, restate, supplement, or otherwise modify in any manner, or grant any waiver or release with respect to, all or any part
of the Senior Priority Obligations or any of the Senior Priority Documents;

 

(ii)         subject
to Section 2.5 of the Base Intercreditor Agreement, retain or obtain a Lien on any Property of any Person to secure any
of the Senior Priority Obligations, and in connection therewith to enter into any additional Senior Priority Documents;

 

(iii)        amend,
or grant any waiver, compromise, or release with respect to, or consent to any departure from, any guarantee or other obligations
of any Person obligated in any manner under or in respect of the Senior Priority Obligations;

 

(iv)        subject
to Section 2.4 of the Base Intercreditor Agreement, release its Lien on any Collateral or other Property;

 

(v)         exercise
or refrain from exercising any rights against any Credit Party or any other Person;

 

    	 	-39-	 

     

    

 

(vi)        subject
to Section 2.5 of the Base Intercreditor Agreement, retain or obtain the primary or secondary obligation of any other Person
with respect to any of the Senior Priority Obligations; and

 

(vii)       otherwise
manage and supervise the Senior Priority Obligations as the applicable Senior Priority Agent shall deem appropriate.

 

(b)          Each
Senior Priority Agent, for and on behalf of itself and the Senior Priority Creditors represented thereby, hereby agrees that, without
affecting the obligations of such Senior Priority Secured Parties hereunder, and except as otherwise provided in the Base Intercreditor
Agreement, each Junior Priority Agent and the Junior Priority Creditors represented thereby may, at any time and from time to time,
in their sole discretion without the consent of or notice to any such Senior Priority Secured Party (except to the extent such
notice or consent is required pursuant to the express provisions of this Agreement and/or the Base Intercreditor Agreement), and
without incurring any liability to any such Senior Priority Secured Party or impairing or releasing the priority provided for herein,
amend, restate, supplement, replace, refinance, extend, consolidate, restructure, or otherwise modify any of the Junior Priority
Documents in any manner whatsoever, including, to:

 

(i)          change
the manner, place, time, or terms of payment or renew, alter or increase, all or any of the Junior Priority Obligations or otherwise
amend, restate, supplement, or otherwise modify in any manner, or grant any waiver or release with respect to, all or any part
of the Junior Priority Obligations or any of the Junior Priority Documents;

 

(ii)         subject
to Section 2.5 of the Base Intercreditor Agreement, retain or obtain a Lien on any Property of any Person to secure any
of the Junior Priority Obligations, and in connection therewith to enter into any additional Junior Priority Documents;

 

(iii)        amend,
or grant any waiver, compromise, or release with respect to, or consent to any departure from, any guarantee or other obligations
of any Person obligated in any manner under or in respect of the Junior Priority Obligations;

 

(iv)        subject
to Section 2.4 of the Base Intercreditor Agreement, release its Lien on any Collateral or other Property;

 

(v)         exercise
or refrain from exercising any rights against any Credit Party or any other Person;

 

(vi)        subject
to Section 2.5 of the Base Intercreditor Agreement, retain or obtain the primary or secondary obligation of any other Person
with respect to any of the Junior Priority Obligations; and

 

(vii)       otherwise
manage and supervise the Junior Priority Obligations as the Junior Priority Agent shall deem appropriate.

 

(c)          Each
Junior Priority Agent, for and on behalf of itself and the Junior Priority Secured Parties represented thereby, agrees that each
Junior Priority Collateral Document shall include the following language (or language to similar effect):

 

    	 	-40-	 

     

    

 

“Notwithstanding anything herein
to the contrary, the lien and security interest granted to [name of Junior Priority Agent] pursuant to this Agreement and the exercise
of any right or remedy by [name of Junior Priority Agent] hereunder are subject to the provisions of the Intercreditor Agreement,
dated as of [          ], 20[ ] (as amended, supplemented or otherwise modified,
replaced or refinanced from time to time, the “Junior Lien Intercreditor Agreement”), initially among[          ],
as Term Loan Agent, [          ], as Initial Junior Priority Agent, and certain
other persons party or that may become party thereto from time to time. In the event of any conflict between the terms of the Junior
Lien Intercreditor Agreement and this Agreement, the terms of the Junior Lien Intercreditor Agreement shall govern and control.”

 

In addition, each Junior Priority Agent,
for and on behalf of itself and the Junior Priority Secured Parties represented thereby, agrees that each Junior Priority Collateral
Document consisting of a mortgage covering any Collateral consisting of real estate shall contain language appropriate to reflect
the subordination of such Junior Priority Collateral Documents to the Senior Priority Documents covering such Collateral.

 

(d)          Except,
in each case, as may be separately otherwise agreed in writing by and between or among any applicable Senior Priority Agents, in
each case on behalf of itself and the Senior Priority Creditors represented thereby, and except as otherwise provided in the Base
Intercreditor Agreement, each Senior Priority Agent, for and on behalf of itself and the Senior Priority Creditors represented
thereby, hereby agrees that, without affecting the obligations of such Senior Priority Secured Parties hereunder, any other Senior
Priority Agent and any Senior Priority Creditors represented thereby may, at any time and from time to time, in their sole discretion
without the consent of or notice to any such Senior Priority Secured Party (except to the extent such notice or consent is required
pursuant to the express provisions of this Agreement and/or the Base Intercreditor Agreement), and without incurring any liability
to any such Senior Priority Secured Party, amend, restate, supplement, replace, refinance, extend, consolidate, restructure, or
otherwise modify any of the Senior Priority Documents to which such other Senior Priority Agent or any Senior Priority Creditor
represented thereby is party or beneficiary in any manner whatsoever, including, to:

 

(i)          change
the manner, place, time, or terms of payment or renew, alter or increase, all or any of the Senior Priority Obligations or otherwise
amend, restate, supplement, or otherwise modify in any manner, or grant any waiver or release with respect to, all or any part
of the Senior Priority Obligations or any of the Senior Priority Documents;

 

(ii)         subject
to Section 2.5 of the Base Intercreditor Agreement, retain or obtain a Lien on any Property of any Person to secure any
of the Senior Priority Obligations, and in connection therewith to enter into any Senior Priority Documents;

 

(iii)        amend,
or grant any waiver, compromise, or release with respect to, or consent to any departure from, any guarantee or other obligations
of any Person obligated in any manner under or in respect of the Senior Priority Obligations;

 

(iv)        subject
to Section 2.4 of the Base Intercreditor Agreement, release its Lien on any Collateral or other Property;

 

(v)         exercise
or refrain from exercising any rights against any Credit Party or any other Person;

 

    	 	-41-	 

     

    

 

(vi)        subject
to Section 2.5 of the Base Intercreditor Agreement, retain or obtain the primary or secondary obligation of any other Person
with respect to any of the Senior Priority Obligations; and

 

(vii)       otherwise
manage and supervise the Senior Priority Obligations as such other Senior Priority Agent shall deem appropriate.

 

(e)          Except,
in each case, as may be separately otherwise agreed in writing by and between or among any applicable Junior Priority Agents, in
each case on behalf of itself and the Junior Priority Creditors represented thereby, each Junior Priority Agent, for and on behalf
of itself and the Junior Priority Creditors represented thereby, hereby agrees that, without affecting the obligations of such
Junior Priority Secured Parties hereunder, any other Junior Priority Agent and any Junior Priority Creditors represented thereby
may, at any time and from time to time, in their sole discretion without the consent of or notice to any such Junior Priority Secured
Party (except to the extent such notice or consent is required pursuant to the express provisions of this Agreement), and without
incurring any liability to any such Junior Priority Secured Party, amend, restate, supplement, replace, refinance, extend, consolidate,
restructure, or otherwise modify any of the Junior Priority Documents to which such other Junior Priority Agent or any Junior Priority
Creditor represented thereby is party or beneficiary in any manner whatsoever, including, to:

 

(i)          change
the manner, place, time, or terms of payment or renew, alter or increase, all or any of the Junior Priority Obligations or otherwise
amend, restate, supplement, or otherwise modify in any manner, or grant any waiver or release with respect to, all or any part
of the Junior Priority Obligations or any of the Junior Priority Documents;

 

(ii)         subject
to Section 2.5 of the Base Intercreditor Agreement, retain or obtain a Lien on any Property of any Person to secure any
of the Junior Priority Obligations, and in connection therewith to enter into any Junior Priority Documents;

 

(iii)        amend,
or grant any waiver, compromise, or release with respect to, or consent to any departure from, any guarantee or other obligations
of any Person obligated in any manner under or in respect of the Junior Priority Obligations;

 

(iv)        subject
to Section 2.4 of the Base Intercreditor Agreement, release its Lien on any Collateral or other Property;

 

(v)         exercise
or refrain from exercising any rights against any Credit Party or any other Person;

 

(vi)        subject
to Section 2.5 of the Base Intercreditor Agreement, retain or obtain the primary or secondary obligation of any other Person
with respect to any of the Junior Priority Obligations; and

 

(vii)       otherwise
manage and supervise the Junior Priority Obligations as such other Junior Priority Agent shall deem appropriate.

 

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(f)          The
Senior Priority Obligations and the Junior Priority Obligations may be refunded, replaced or refinanced, in whole or in part, in
each case, without notice to, or the consent (except to the extent a consent is required to permit the refunding, replacement or
refinancing transaction under any Senior Priority Document or any Junior Priority Document) of any Senior Priority Agent, Senior
Priority Creditors, Junior Priority Agent or Junior Priority Creditors, as the case may be, all without affecting the Lien Priorities
provided for herein or the other provisions hereof; provided, however, that, if the Indebtedness refunding, replacing
or refinancing any such Senior Priority Obligations or Junior Priority Obligations is to constitute Senior Priority Obligations
or Junior Priority Obligations hereunder (as designated by the Company Representative), as the case may be, the holders of such
Indebtedness (or an authorized agent or trustee on their behalf) shall bind themselves in writing to the terms of this Agreement
pursuant to a joinder substantially in the form of Exhibit C hereto or otherwise in form and substance reasonably satisfactory
to the Senior Priority Agents (other than any Designated Agent) and Junior Priority Agents (other than any Designated Agent) (or,
if there is no continuing Agent other than Designated Agents, as designated by the Company Representative), and any such refunding,
replacement or refinancing transaction shall be in accordance with any applicable provisions of the Senior Priority Documents and
the Junior Priority Documents then in effect. For the avoidance of doubt, the Senior Priority Obligations and Junior Priority Obligations
may be refunded, replaced or refinanced, in whole or in part, in each case, without notice to, or the consent (except to the extent
a consent is required to permit the refunding, replacement or refinancing transaction under any Senior Priority Document or any
Junior Priority Document) of any Senior Priority Agent, Senior Priority Creditors, Junior Priority Agent or Junior Priority Creditors,
as the case may be, through the incurrence of Additional Indebtedness, subject to Section 7.11 hereof and, if applicable,
Section 7.11 of the Base Intercreditor Agreement.

 

Section 5.3           Reinstatement
and Continuation of Agreement. If any Senior Priority Agent or Senior Priority Creditor is required in any Insolvency Proceeding
or otherwise to turn over or otherwise pay to the estate of any Credit Party or any other Person any payment made in satisfaction
of all or any portion of the Senior Priority Obligations (a “Senior Priority Recovery”), then the relevant Senior
Priority Obligations shall be reinstated to the extent of such Senior Priority Recovery. In the event that (a) this Agreement shall
have been terminated prior to such Senior Priority Recovery and (b) there exist any Junior Priority Obligations at the time of
such Senior Priority Recovery, then this Agreement shall be reinstated in full force and effect in the event of such Senior Priority
Recovery, and such prior termination shall not diminish, release, discharge, impair, or otherwise affect the obligations of the
Parties from such date of reinstatement. All rights, interests, agreements, and obligations of each Agent, each Senior Priority
Creditor, and each Junior Priority Creditor under this Agreement shall remain in full force and effect and shall continue irrespective
of the commencement of, or any discharge, confirmation, conversion, or dismissal of, any Insolvency Proceeding by or against any
Credit Party or any other circumstance which otherwise might constitute a defense available to, or a discharge of, any Credit Party
in respect of the Senior Priority Obligations or the Junior Priority Obligations. No priority or right of any Senior Priority Agent
or any Senior Priority Creditor shall at any time be prejudiced or impaired in any way by any act or failure to act on the part
of any Borrower or any Guarantor or by the noncompliance by any Person with the terms, provisions, or covenants of any of the Senior
Priority Documents, regardless of any knowledge thereof which any Senior Priority Agent or any Senior Priority Creditor may have.

 

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ARTICLE VI

 

INSOLVENCY PROCEEDINGS

 

Section 6.1           DIP
Financing.

 

(a)          If
any Borrower or any Guarantor shall be subject to any Insolvency Proceeding in the United States at any time after the Discharge
of ABL Collateral Obligations (as defined in the Base Intercreditor Agreement) and prior to the Discharge of Senior Priority Obligations,
and any Senior Priority Agent, or any Senior Priority Creditors, shall agree to provide any Borrower or any Guarantor with, or
consent to a third party providing, any financing under Section 364 of the Bankruptcy Code or consent to any order for the use
of cash collateral under Section 363 of the Bankruptcy Code (“DIP Financing”), with such DIP Financing to be
secured by all or any portion of the Collateral (including assets that, but for the application of Section 552 of the Bankruptcy
Code would be Collateral), then any Junior Priority Agent, each on behalf of itself and any Junior Priority Secured Parties represented
thereby, agrees that it will raise no objection and will not directly or indirectly support or act in concert with any other party
raising an objection to such DIP Financing or to the Liens securing the same on the grounds of a failure to provide “adequate
protection” for the Liens of any Junior Priority Agent securing the Junior Priority Obligations or on any other grounds (and
will not request any adequate protection solely as a result of such DIP Financing), so long as (i) such Junior Priority Agent retains
its Lien on the Collateral to secure the relevant Junior Priority Obligations (in each case, including Proceeds thereof arising
after the commencement of the case under the Bankruptcy Code) and such Lien has the same priority as existed prior to the commencement
of the case under the Bankruptcy Code and (ii) if the Senior Priority Agent receives an adequate protection Lien on post-petition
assets of the debtor to secure the Senior Priority Obligations, as the case may be, each Junior Priority Agent also receives an
adequate protection Lien on such post-petition assets of the debtor to secure the relevant Junior Priority Obligations, provided
that (x) such Liens in favor of the Senior Priority Agent and the Junior Priority Agent shall be subject to the provisions of Section 6.1(b)
hereof and the relevant provisions of Section 6.1 of the Base Intercreditor Agreement, and (y) the foregoing provisions of this
Section 6.1(a) shall not prevent any Junior Priority Agent and the Junior Priority Secured Parties from objecting to any
provision in any DIP Financing relating to any provision or content of a Plan of Reorganization that is not a Conforming Plan Reorganization.

 

(b)          All
Liens granted to any Senior Priority Agent or Junior Priority Agent in any Insolvency Proceeding, whether as adequate protection
or otherwise, are intended by the Parties to be and shall be deemed to be subject to the Lien Priority and the other terms and
conditions of this Agreement; provided, however, that the foregoing shall not alter any super-priority of any Liens
securing any DIP Financing in accordance with this Section 6.1 and, if applicable, Section 6.1 of the Base intercreditor
Agreement.

 

Section 6.2           Relief
from Stay. Until the Discharge of Senior Priority Obligations, each Junior Priority Agent, for and on behalf of itself and
the Junior Priority Creditors represented thereby, agrees not to seek relief from the automatic stay or any other stay in any Insolvency
Proceeding in respect of any portion of the Collateral without each Senior Priority Agent’s express written consent.

 

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Section 6.3           No
Contest. Each Junior Priority Agent, for and on behalf of itself and the Junior Priority Creditors represented thereby, agrees
that, prior to the Discharge of Senior Priority Obligations, none of them shall contest (or directly or indirectly support any
other Person contesting) (i) any request by any Senior Priority Agent or Senior Priority Creditor for adequate protection of its
interest in the Collateral (unless in contravention of Section 6.1 hereof), or (ii) any objection by any Senior Priority
Agent or Senior Priority Creditor to any motion, relief, action or proceeding based on a claim by such Senior Priority Agent or
Senior Priority Creditor that its interests in the Collateral (unless in contravention of Section 6.1 hereof) are not adequately
protected (or any other similar request under any law applicable to an Insolvency Proceeding), so long as any Liens granted to
such Senior Priority Agent as adequate protection of its interests are subject to this Agreement. Except as may be separately otherwise
agreed in writing by and between or among any applicable Senior Priority Agents, in each case on behalf of itself and any Senior
Priority Creditors represented thereby, any Senior Priority Agent, for and on behalf of itself and any Senior Priority Creditors
represented thereby, agrees that, prior to the applicable Discharge of Senior Priority Obligations, none of them shall contest
(or directly or indirectly support any other Person contesting) (a) any request by any other Senior Priority Agent or any Senior
Priority Creditor represented by such other Senior Priority Agent for adequate protection of its interest in the Collateral (unless
in contravention of Section 6.1 hereof), or (b) any objection by such other Senior Priority Agent or any Senior Priority
Creditor to any motion, relief, action, or proceeding based on a claim by such other Senior Priority Agent or any Senior Priority
Creditor represented by such other Senior Priority Agent that its interests in the Collateral (unless in contravention of Section
6.1 hereof) are not adequately protected (or any other similar request under any law applicable to an Insolvency Proceeding),
so long as any Liens granted to such other Senior Priority Agent as adequate protection of its interests are subject to this Agreement.
Except as may be separately otherwise agreed in writing by and between or among any applicable Junior Priority Agents, in each
case on behalf of itself and any Junior Priority Creditors represented thereby, any Junior Priority Agent, for and on behalf of
itself and any Junior Priority Creditors represented thereby, agrees that, prior to the applicable Discharge of Junior Priority
Obligations, none of them shall contest (or directly or indirectly support any other Person contesting) (a) any request by any
other Junior Priority Agent or any Junior Priority Creditor represented by such other Junior Priority Agent for adequate protection
of its interest in the Collateral (unless in contravention of Section 6.1 hereof), or (b) any objection by such other Junior
Priority Agent or any Junior Priority Creditor to any motion, relief, action, or proceeding based on a claim by such other Junior
Priority Agent or any Junior Priority Creditor represented by such other Junior Priority Agent that its interests in the Collateral
(unless in contravention of Section 6.1 hereof) are not adequately protected (or any other similar request under any law
applicable to an Insolvency Proceeding), so long as any Liens granted to such other Junior Priority Agent as adequate protection
of its interests are subject to this Agreement.

 

Section 6.4           Asset
Sales. Each Junior Priority Agent agrees, for and on behalf of itself and the Junior Priority Creditors represented thereby,
that it will not oppose any sale consented to by any Senior Priority Agent of any Collateral pursuant to Section 363(f) of the
Bankruptcy Code (or any similar provision under the law applicable to any Insolvency Proceeding) so long as the proceeds of such
sale are applied in accordance with the Base Intercreditor Agreement as supplemented by this Agreement.

 

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Section 6.5           Separate
Grants of Security and Separate Classification. Each Secured Party acknowledges and agrees that (i) the grants of Liens pursuant
to the Senior Priority Security Documents and the Junior Priority Security Documents constitute separate and distinct grants of
Liens and (ii) because of, among other things, their differing rights in the Collateral, the Senior Priority Obligations are fundamentally
different from the Junior Priority Obligations and must be separately classified in any Plan of Reorganization proposed, confirmed
or adopted in an Insolvency Proceeding. To further effectuate the intent of the parties as provided in the immediately preceding
sentence, if it is held by a court of competent jurisdiction that the claims of the Senior Priority Secured Parties, on the one
hand, and the Junior Priority Secured Parties, on the other hand, in respect of the Collateral constitute only one secured claim
(rather than separate classes of senior and junior secured claims), then the Secured Parties hereby acknowledge and agree that
all distributions shall be made as if there were separate classes of Senior Priority Obligation claims and Junior Priority Obligation
claims against the Credit Parties, with the effect being that, to the extent that the aggregate value of the Collateral is sufficient
(for this purpose ignoring all claims held by the Junior Priority Secured Parties), the Senior Priority Secured Parties shall be
entitled to receive, in addition to amounts distributed to them in respect of principal, prepetition interest and other claims,
all amounts owing in respect of post-petition interest, fees and expenses that is available from the Collateral for each of the
Senior Priority Secured Parties, before any distribution is made in respect of the claims held by the Junior Priority Secured Parties,
with the Junior Priority Secured Parties hereby acknowledging and agreeing to turn over to the Senior Priority Secured Parties
amounts otherwise received or receivable by them to the extent necessary to effectuate the intent of this sentence, even if such
turnover has the effect of reducing the aggregate recoveries. The foregoing sentence is subject to any separate agreement by and
between any Additional Agent, on behalf of itself and the Additional Credit Facility Secured Parties represented thereby, and any
other Additional Agent, on behalf of itself and the Additional Credit Facility Secured Parties represented thereby, with respect
to the Obligations owing to any such Additional Agent and Additional Credit Facility Secured Parties.

 

Section 6.6           Enforceability.
The provisions of this Agreement are intended to be and shall be enforceable as a “subordination agreement” under Section
510(a) of the Bankruptcy Code.

 

Section 6.7           Senior
Priority Obligations Unconditional. All rights of the Senior Priority Agents hereunder, and all agreements and obligations
of the Junior Priority Agents and the Credit Parties (to the extent applicable) hereunder, shall remain in full force and effect
irrespective of:

 

(i)          any
lack of validity or enforceability of any Senior Priority Document;

 

(ii)         any
change in the time, place or manner of payment of, or in any other term of, all or any portion of the Senior Priority Obligations,
or any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding
or restatement of any Senior Priority Document;

 

(iii)        any
exchange, release, voiding, avoidance or non-perfection of any security interest in any Collateral or any other collateral, or
any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement,
refunding, restatement or increase of all or any portion of the Senior Priority Obligations or any guarantee thereof;

 

(iv)        the
commencement of any Insolvency Proceeding in respect of the Company or any other Credit Party; or

 

(v)         any
other circumstances that otherwise might constitute a defense available to, or a discharge of, any Credit Party in respect of the
Senior Priority Obligations, or of any of the Junior Priority Agent or any Credit Party, to the extent applicable, in respect of
this Agreement.

 

Section 6.8           Junior
Priority Obligations Unconditional. All rights of the Junior Priority Agents hereunder, and all agreements and obligations
of the Senior Priority Agents and the Credit Parties (to the extent applicable) hereunder, shall remain in full force and effect
irrespective of:

 

    	 	-46-	 

     

    

 

(i)          any
lack of validity or enforceability of any Junior Priority Document;

 

(ii)         any
change in the time, place or manner of payment of, or in any other term of, all or any portion of the Junior Priority Obligations,
or any amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement, refunding
or restatement of any Junior Priority Document;

 

(iii)        any
exchange, release, voiding, avoidance or non perfection of any security interest in any Collateral, or any other collateral, or
any release, amendment, waiver or other modification, whether by course of conduct or otherwise, or any refinancing, replacement,
refunding, restatement or increase of all or any portion of the Junior Priority Obligations or any guarantee thereof;

 

(iv)        the
commencement of any Insolvency Proceeding in respect of the Company or any other Credit Party; or

 

(v)         any
other circumstances that otherwise might constitute a defense available to, or a discharge of, any Credit Party in respect of the
Junior Priority Obligations, or of any of the Senior Priority Agent or any Credit Party, to the extent applicable, in respect of
this Agreement.

 

Section 6.9           Adequate
Protection. Except as expressly provided in this Agreement (including Section 6.1 and this Section 6.9), nothing
in this Agreement shall limit the rights of any Agent and the Secured Parties represented thereby from seeking or requesting adequate
protection with respect to their interests in the applicable Collateral in any Insolvency Proceeding, including adequate protection
in the form of a cash payment, periodic cash payments, cash payments of interest, additional collateral or otherwise; provided
that (a) in the event that any Junior Priority Agent, on behalf of itself or any of the Junior Priority Creditors represented thereby,
seeks or requests adequate protection in respect of the relevant Junior Priority Obligations and such adequate protection is granted
in the form of a Lien on additional collateral comprising assets of the type of assets that constitute Collateral, then each Junior
Priority Agent, on behalf of itself and the Junior Priority Creditors represented thereby, agrees that (i) each Senior Priority
Agent shall also be granted a senior Lien on such collateral as security for the Senior Priority Obligations owing to such Senior
Priority Agent and the Senior Priority Secured Parties represented thereby, and that any Lien on such collateral securing the Junior
Priority Obligations shall be junior to any Lien on such collateral securing the Senior Priority Obligations and (ii) each other
Junior Priority Agent shall also be granted a pari passu Lien on such collateral as security for the Junior Priority Obligations
owing to such other Junior Priority Agent and the Junior Priority Secured Parties represented thereby, and that any such Lien on
such collateral securing such Junior Priority Obligations shall be pari passu to each such other Lien on such collateral securing
such other Junior Priority Obligations (except as may be separately otherwise agreed in writing by and between or among any applicable
Junior Priority Agents, in each case on behalf of itself and the Junior Priority Secured Parties represented thereby), and (b)
in the event that any Senior Priority Agent, for or on behalf of itself or any Senior Priority Creditor represented thereby, seeks
or requests adequate protection in respect of the Senior Priority Obligations and such adequate protection is granted in the form
of a Lien on additional collateral comprising assets of the type of assets that constitute Collateral, then such Senior Priority
Agent, for and on behalf of itself and the Senior Priority Creditors represented thereby, agrees that (i) each other Senior Priority
Agent shall also be granted a pari passu Lien on such collateral as security for the Senior Priority Obligations owing to such
other Senior Priority Agent and the Senior Priority Secured Parties represented thereby, and that any such Lien on such collateral
securing such Senior Priority Obligations shall be pari passu to each such other Lien on such collateral securing such other Senior
Priority Obligations (except as may be separately otherwise agreed in writing by and between or among any applicable Senior Priority
Agents, in each case on behalf of itself and the Senior Priority Secured Parties represented thereby) and (ii) each Junior Priority
Agent shall also be granted a junior Lien on such collateral as security for the Junior Priority Obligations owing to such other
Junior Priority Agent and the Junior Priority Secured Parties represented thereby, and that any such Lien on such collateral securing
such Junior Priority Obligations shall be junior to each Lien on such collateral securing Senior Priority Obligations.

 

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ARTICLE VII

 

MISCELLANEOUS

 

Section 7.1           Rights
of Subrogation. Each Junior Priority Agent, for and on behalf of itself and the Junior Priority Creditors represented thereby,
agrees that no payment by such Junior Priority Agent or any such Junior Priority Creditor to any Senior Priority Agent or Senior
Priority Creditor pursuant to the provisions of this Agreement shall entitle such Junior Priority Agent or Junior Priority Creditor
to exercise any rights of subrogation in respect thereof until the Discharge of Senior Priority Obligations with respect to the
Senior Priority Obligations owed to such Senior Priority Creditors. Following the Discharge of Senior Priority Obligations with
respect to the Senior Priority Obligations owed to such Senior Priority Creditors, each Senior Priority Agent agrees to execute
such documents, agreements, and instruments as any Junior Priority Agent or Junior Priority Creditor may reasonably request to
evidence the transfer by subrogation to any such Person of an interest in the Senior Priority Obligations resulting from payments
to such Senior Priority Agent by such Person, so long as all costs and expenses (including all reasonable legal fees and disbursements)
incurred in connection therewith by such Senior Priority Agent are paid by such Person upon request for payment thereof.

 

Section 7.2           Further
Assurances. The Parties will, at their own expense and at any time and from time to time, promptly execute and deliver all
further instruments and documents, and take all further action, that may be necessary or desirable, or that any Party may reasonably
request, in order to protect any right or interest granted or purported to be granted hereby or to enable such Party to exercise
and enforce its rights and remedies hereunder; provided, however, that no Party shall be required to pay over any
payment or distribution, execute any instruments or documents, or take any other action referred to in this Section 7.2,
to the extent that such action would contravene any law, order or other legal requirement or any of the terms or provisions of
this Agreement, and in the event of a controversy or dispute, such Party may interplead any payment or distribution in any court
of competent jurisdiction, without further responsibility in respect of such payment or distribution under this Section 7.2.

 

Section 7.3           Representations.
The Term Loan Agent represents and warrants to each other Agent that it has the requisite power and authority under the Term Loan
Documents to enter into, execute, deliver, and carry out the terms of this Agreement on behalf of itself and the Term Loan Secured
Parties. The Initial Junior Priority Agent represents and warrants to each other Agent that it has the requisite power and authority
under the Initial Junior Priority Documents to enter into, execute, deliver, and carry out the terms of this Agreement on behalf
of itself and the Initial Junior Priority Creditors. Each Additional Agent represents and warrants to each other Agent that it
has the requisite power and authority under the applicable Additional Documents to enter into, execute, deliver, and carry out
the terms of this Agreement on behalf of itself and any Additional Credit Facility Secured Parties represented thereby.

 

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Section 7.4           Amendments.

 

(a)          No
amendment, modification or waiver of any provision of this Agreement, and no consent to any departure by any Party hereto, shall
be effective unless it is in a written agreement executed by each Senior Priority Agent and each Junior Priority Agent. Notwithstanding
the foregoing, the Company Representative may, without the consent of any Party hereto, amend this Agreement to add an Additional
Agent by (x) executing an Additional Indebtedness Joinder as provided in Section 7.11 or (y) executing a joinder agreement
substantially in the form of Exhibit C attached hereto as provided for in the definition of “Term Loan Credit Agreement”
or “Initial Junior Priority Credit Facility”, as applicable. No amendment, modification or waiver of any provision
of this Agreement, and no consent to any departure therefrom by any Party hereto, that changes, alters, modifies or otherwise affects
any power, privilege, right, remedy, liability or obligation of, or otherwise adversely affects in any manner, any Additional Agent
that is not then a Party, or any Additional Credit Facility Secured Party not then represented by an Additional Agent that is then
a Party (including but not limited to any change, alteration, modification or other adverse effect upon any power, privilege, right,
remedy, liability or obligation of or other effect upon any such Additional Agent or Additional Credit Facility Secured Party that
may at any subsequent time become a Party or beneficiary hereof) shall be effective unless it is consented to in writing by the
Company Representative (regardless of whether any such Additional Agent or Additional Credit Facility Secured Party ever becomes
a Party or beneficiary hereof). Any amendment, modification or waiver of any provision of this Agreement that would have the effect,
directly or indirectly, through any reference in any Credit Document to this Agreement or otherwise, of waiving, amending, supplementing
or otherwise modifying such Credit Document, or any term or provision thereof, or any right or obligation of the Company or any
other Credit Party thereunder or in respect thereof, shall not be given such effect except pursuant to a written instrument executed
by the Company Representative and each other affected Credit Party.

 

(b)          In
the event that any Senior Priority Agent or the requisite Senior Priority Creditors enter into any amendment, waiver or consent
in respect of or replace any Senior Priority Collateral Document for the purpose of adding to, or deleting from, or waiving or
consenting to any departures from any provisions of, any Senior Priority Collateral Document relating to the Collateral or changing
in any manner the rights of the Senior Priority Agent, the Senior Priority Creditors, or any Credit Party with respect to the Collateral
(including, subject to Section 2.4(b), the release of any Liens on Collateral), then such amendment, waiver or consent shall
apply automatically to any comparable provision of each Junior Priority Collateral Document without the consent of or any actions
by any Junior Priority Agent or any Junior Priority Creditors; provided, that such amendment, waiver or consent does not
materially adversely affect the rights or interests of the Junior Priority Creditors in the Collateral (including any license or
right of use granted to them by any Credit Party pursuant to any Junior Priority Collateral Document with respect to Intellectual
Property owned by such Credit Party as it pertains to the rights or interests of the Junior Priority Creditors in the Collateral).
The applicable Senior Priority Agent shall give written notice of such amendment, waiver or consent to the Junior Priority Agents;
provided that the failure to give such notice shall not affect the effectiveness of such amendment, waiver or consent with
respect to the provisions of any Junior Priority Collateral Document as set forth in this Section 7.4(b).

 

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Section 7.5           Addresses
for Notices. Unless otherwise specifically provided herein, any notice or other communication herein required or permitted
to be given shall be in writing and may be personally served, faxed, sent by electronic mail or sent by overnight express courier
service or United States mail and shall be deemed to have been given when delivered in person or by courier service, upon receipt
of a facsimile or upon receipt of electronic mail 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) or five days after deposit
in the United States mail (certified, with postage prepaid and properly addressed). The addresses of the parties hereto (until
notice of a change thereof is delivered as provided in this Section) shall be as set forth below or, as to each party, at such
other address as may be designated by such party in a written notice to all of the other parties.

 

	Term Loan Agent:	[                ]
	 	[                ]

	 	Attention:  [___________]
	 	Facsimile:  [____________]
	 	Telephone:  [____________]
	 	Email:  [___________]

 

	Initial Junior Priority Agent:	[_____________]
	 	[_____________]

	 	Attention:  [___________]
	 	Facsimile:  [____________]
	 	Telephone:  [____________]
	 	Email:  [___________]

 

	Any Additional Agent:	As set forth in the Additional Indebtedness Joinder executed and delivered by such Additional Agent pursuant to Section 7.11.

 

Section 7.6           No
Waiver, Remedies. No failure on the part of any Party to exercise, and no delay in exercising, any right hereunder shall operate
as a waiver thereof; nor shall any single or partial exercise of any right hereunder preclude any other or further exercise thereof
or the exercise of any other right. The remedies herein provided are cumulative and not exclusive of any remedies provided by law.

 

Section 7.7           Continuing
Agreement, Transfer of Secured Obligations. This Agreement is a continuing agreement and shall (a) remain in full force and
effect (x) with respect to all Senior Priority Secured Parties and Senior Priority Obligations, until the Discharge of Senior Priority
Obligations, subject to Section 5.3 and (y) with respect to all Junior Priority Secured Parties and Junior Priority Obligations,
until the later of the Discharge of the Senior Priority Obligations and the Discharge of the Junior Priority Obligations, (b) be
binding upon the Parties and their successors and assigns, and (c) inure to the benefit of and be enforceable by the Parties and
their respective successors, transferees and assigns. Nothing herein is intended, or shall be construed to give, any other Person
any right, remedy or claim under, to or in respect of this Agreement or any Collateral, subject to Section 7.10. All references
to any Credit Party shall include any Credit Party as debtor-in-possession and any receiver or trustee for such Credit Party in
any Insolvency Proceeding. Without limiting the generality of the foregoing clause (c), any Senior Priority Agent, Senior Priority
Creditor, Junior Priority Agent or Junior Priority Creditor may assign or otherwise transfer all or any portion of the Senior Priority
Obligations or the Junior Priority Obligations, as applicable, to any other Person, and such other Person shall thereupon become
vested with all the rights and obligations in respect thereof granted to such Senior Priority Agent, Junior Priority Agent, Senior
Priority Creditor or Junior Priority Creditor, as the case may be, herein or otherwise. The Senior Priority Secured Parties and
the Junior Priority Secured Parties may continue, at any time and without notice to the other Parties hereto, to extend credit
and other financial accommodations, lend monies and provide Indebtedness to, or for the benefit of, any Credit Party on the faith
hereof.

 

    	 	-50-	 

     

    

 

Section 7.8           Governing
Law; Entire Agreement. The validity, performance and enforcement of this Agreement shall be governed by, and construed and
interpreted in accordance with, the law of the State of New York, without giving effect to its principles or rules of conflict
of laws to the extent such principles or rules are not mandatorily applicable by statute and would require or permit the application
of the laws of another jurisdiction. This Agreement constitutes the entire agreement and understanding among the Parties with respect
to the subject matter hereof and supersedes any prior agreements, written or oral, with respect thereto (it being understood that
this Agreement does not supersede the Base Intercreditor Agreement).

 

Section 7.9           Counterparts.
This Agreement may be executed in any number of counterparts (including by facsimile or other electronic transmission), and it
is not necessary that the signatures of all Parties be contained on any one counterpart hereof; each counterpart will be deemed
to be an original, and all together shall constitute one and the same document.

 

Section 7.10         No
Third-Party Beneficiaries. This Agreement and the rights and benefits hereof shall inure to the benefit of each of the parties
hereto and its respective successors and assigns and shall inure to the benefit of each of the Senior Priority Agents, the Senior
Priority Creditors, the Junior Priority Agents, the Junior Priority Creditors and the Company and the other Credit Parties. No
other Person shall have or be entitled to assert rights or benefits hereunder.

 

Section 7.11         Designation
of Additional Indebtedness; Joinder of Additional Agents.

 

(a)          The
Company Representative may designate any Additional Indebtedness complying with the requirements of the definition of “Additional
Indebtedness” as Additional Indebtedness for purposes of this Agreement, upon complying with the following conditions:

 

(i)          
one or more Additional Agents for one or more Additional Credit Facility Secured Parties in respect of such Additional Indebtedness
shall have executed the Additional Indebtedness Joinder with respect to such Additional Indebtedness, and the Company Representative
or any such Additional Agent shall have delivered such executed Additional Indebtedness Joinder to the Term Loan Agent, the Initial
Junior Priority Agent and any other Additional Agent then party to this Agreement;

 

(ii)         
at least five Business Days (unless a shorter period is agreed in writing by the Parties and the Company Representative) prior
to delivery of the Additional Indebtedness Joinder, the Company Representative shall have delivered to the Term Loan Agent, the
Initial Junior Priority Agent and any other Additional Agent then party to this Agreement complete and correct copies of any Additional
Credit Facility, Additional Guarantees and Additional Collateral Documents that will govern such Additional Indebtedness upon giving
effect to such designation (which may be unexecuted copies of Additional Documents to be executed and delivered concurrently with
the effectiveness of such designation); and

 

    	 	-51-	 

     

    

 

(iii)        
the Company Representative shall have executed and delivered to the Term Loan Agent, the Initial Junior Priority Agent and any
other Additional Agent then party to this Agreement the Additional Indebtedness Designation (including whether such Additional
Indebtedness is designated Senior Priority Debt or Junior Priority Debt) with respect to such Additional Indebtedness.

 

No Additional Indebtedness may be designated
both Senior Priority Debt and Junior Priority Debt.

 

(b)          Upon
satisfaction of the conditions specified in the preceding Section 7.11(a), the designated Additional Indebtedness shall
constitute “Additional Indebtedness”, any Additional Credit Facility under which such Additional Indebtedness
is or may be incurred shall constitute an “Additional Credit Facility”, any holder of such Additional Indebtedness
or other applicable Additional Credit Facility Secured Party shall constitute an “Additional Credit Facility Secured Party”,
and any Additional Agent for any such Additional Credit Facility Secured Party shall constitute an “Additional Agent”
for all purposes under this Agreement. The date on which such foregoing conditions specified in Section 7.11(a) shall have
been satisfied with respect to any Additional Indebtedness is herein called the “Additional Effective Date”
with respect to such Additional Indebtedness. Prior to the Additional Effective Date with respect to any Additional Indebtedness,
all references herein to Additional Indebtedness shall be deemed not to take into account such Additional Indebtedness, and the
rights and obligations of the Term Loan Agent, the Initial Junior Priority Agent and each other Additional Agent then party to
this Agreement shall be determined on the basis that such Additional Indebtedness is not then designated. On and after the Additional
Effective Date with respect to such Additional Indebtedness, all references herein to Additional Indebtedness shall be deemed to
take into account such Additional Indebtedness, and the rights and obligations of the Term Loan Agent, the Initial Junior Priority
Agent and each other Additional Agent then party to this Agreement shall be determined on the basis that such Additional Indebtedness
is then designated.

 

(c)          In
connection with any designation of Additional Indebtedness pursuant to this Section 7.11, each of the Term Loan Agent, the Initial
Junior Priority Agent and each Additional Agent then party hereto agrees at the Company’s expense (x) to execute and deliver
any amendments, amendments and restatements, restatements or waivers of or supplements to or other modifications to, any Term Loan
Collateral Documents, Initial Junior Priority Collateral Documents or Additional Collateral Documents, as applicable, and any agreements
relating to any security interest in Control Collateral and Cash Collateral, and to make or consent to any filings or take any
other actions (including executing and recording any mortgage subordination or similar agreement), as may be reasonably deemed
by the Company Representative to be necessary or reasonably desirable for any Lien on any Collateral to secure such Additional
Indebtedness to become a valid and perfected Lien (with the priority contemplated by the applicable Additional Indebtedness Designation
delivered pursuant to this Section 7.11 and by this Agreement), and (y) otherwise to reasonably cooperate to effectuate a designation
of Additional Indebtedness pursuant to this Section 7.11 (including, if requested, by executing an acknowledgment of any Additional
Indebtedness Joinder or of the occurrence of any Additional Effective Date).

 

Section 7.12         Senior
Priority Representative; Notice of Senior Priority Representative Change. The Senior Priority Representative shall act for
the Senior Priority Secured Parties as provided in this Agreement, and shall be entitled to so act at the direction of the Requisite
Senior Priority Holders from time to time. Until a Party (other than the existing Senior Priority Representative) receives written
notice from the existing Senior Priority Representative, in accordance with Section 7.5 of this Agreement, of a change in
the identity of the Senior Priority Representative, such Party shall be entitled to act as if the existing Senior Priority Representative
is in fact the Senior Priority Representative. Each Party (other than the existing Senior Priority Representative) shall be entitled
to rely upon any written notice of a change in the identity of the Senior Priority Representative which facially appears to be
from the then existing Senior Priority Representative and is delivered in accordance with Section 7.5 and such Agent shall
not be required to inquire into the veracity or genuineness of such notice. Each existing Senior Priority Representative from time
to time agrees to give prompt written notice to each Party of any change in the identity of the Senior Priority Representative.

 

    	 	-52-	 

     

    

 

Section 7.13         Term
Loan Collateral Representative. Each Junior Priority Agent, on behalf of itself and the Junior Priority Creditors represented
thereby, agrees that prior to the Discharge of the Senior Priority Obligations, (x) such Junior Priority Agent shall be ineligible
to act as the “Term Loan Collateral Representative” under the Base Intercreditor Agreement and shall not act in such
capacity, and for purposes of determining the “Term Loan Collateral Representative” under the Base Intercreditor Agreement
the Additional Term Obligations (as defined in the Base Intercreditor Agreement) of such Junior Priority Creditors shall be disregarded
and deemed not Additional Term Obligations (as defined in the Base Intercreditor Agreement), (y) such Junior Priority Creditors
shall be ineligible to vote on matters requiring the consent or approval of the “Requisite Term Loan Holders” under
the Base Intercreditor Agreement and (z) the Additional Term Loan Obligations (as defined in the Base Intercreditor Agreement)
of such Junior Priority Creditors shall be disregarded and deemed not outstanding for purposes of calculating “Requisite
Term Loan Holders” under the Base Intercreditor Agreement.

 

Section 7.14         Provisions
Solely to Define Relative Rights. The provisions of this Agreement are and are intended solely for the purpose of defining
the relative rights of the Senior Priority Secured Parties and the Junior Priority Secured Parties, respectively. Nothing in this
Agreement is intended to or shall impair the rights of the Company or any other Credit Party, or the obligations of the Company
or any other Credit Party to pay the Term Loan Obligations, the Initial Junior Priority Obligations and any Additional Obligations
as and when the same shall become due and payable in accordance with their terms.

 

Section 7.15         Headings.
The headings of the articles and sections of this Agreement are inserted for purposes of convenience only and shall not be construed
to affect the meaning or construction of any of the provisions hereof.

 

Section 7.16         Severability.
If any of the provisions in this Agreement shall, for any reason, be held invalid, illegal or unenforceable in any respect, such
invalidity, illegality, or unenforceability shall not affect any other provision of this Agreement and shall not invalidate the
Lien Priority or the application of Proceeds and other priorities set forth in this Agreement.

 

Section 7.17         Attorneys’
Fees. The Parties agree that if any dispute, arbitration, litigation, or other proceeding is brought with respect to the enforcement
of this Agreement or any provision hereof, the prevailing party in such dispute, arbitration, litigation, or other proceeding shall
be entitled to recover its reasonable attorneys’ fees and all other costs and expenses incurred in the enforcement of this
Agreement, irrespective of whether suit is brought.

 

Section 7.18         VENUE;
JURY TRIAL WAIVER.

 

    	 	-53-	 

     

    

 

(a)          EACH
PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS FOR ITSELF AND ITS PROPERTY IN ANY LEGAL ACTION OR PROCEEDING RELATING
TO THIS AGREEMENT TO THE EXCLUSIVE GENERAL JURISDICTION OF THE SUPREME COURT OF THE STATE OF NEW YORK FOR THE COUNTY OF NEW YORK
(THE “NEW YORK SUPREME COURT”), AND THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK (THE
“FEDERAL DISTRICT COURT,” AND TOGETHER WITH THE NEW YORK SUPREME COURT, THE “NEW YORK COURTS”) AND
APPELLATE COURTS FROM EITHER OF THEM; PROVIDED THAT NOTHING IN THIS AGREEMENT SHALL BE DEEMED OR OPERATE TO PRECLUDE (I)
ANY PARTY FROM BRINGING ANY LEGAL ACTION OR PROCEEDING IN ANY JURISDICTION FOR THE RECOGNITION AND ENFORCEMENT OF ANY JUDGMENT,
(II) IF ALL SUCH NEW YORK COURTS DECLINE JURISDICTION OVER ANY PERSON, OR DECLINE (OR IN THE CASE OF THE FEDERAL DISTRICT
COURT, LACK) JURISDICTION OVER ANY SUBJECT MATTER OF SUCH ACTION OR PROCEEDING, A LEGAL ACTION OR PROCEEDING MAY BE BROUGHT WITH
RESPECT THERETO IN ANOTHER COURT HAVING JURISDICTION AND (III) IN THE EVENT A LEGAL ACTION OR PROCEEDING IS BROUGHT AGAINST
ANY PARTY HERETO OR INVOLVING ANY OF ITS ASSETS OR PROPERTY IN ANOTHER COURT (WITHOUT ANY COLLUSIVE ASSISTANCE BY SUCH PARTY OR
ANY OF ITS SUBSIDIARIES OR AFFILIATES), SUCH PARTY FROM ASSERTING A CLAIM OR DEFENSE (INCLUDING ANY CLAIM OR DEFENSE THAT THIS
SECTION 7.17(A) WOULD OTHERWISE REQUIRE TO BE ASSERTED IN A LEGAL PROCEEDING IN A NEW YORK COURT) IN ANY SUCH ACTION OR
PROCEEDING.

 

(b)          EACH
PARTY HERETO HEREBY WAIVES ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS
AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL
OTHER COMMON LAW OR STATUTORY CLAIMS. EACH PARTY HERETO REPRESENTS THAT IT HAS REVIEWED THIS WAIVER AND IT KNOWINGLY AND VOLUNTARILY
WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. IN THE EVENT OF LITIGATION, A COPY OF THIS AGREEMENT MAY
BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT.

 

(c)          EACH
PARTY TO THIS AGREEMENT IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 7.5. NOTHING
IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY TO THIS AGREEMENT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY LAW.

 

Section 7.19         Intercreditor
Agreement. This Agreement is the “Junior Lien Intercreditor Agreement” referred to in the Term Loan Credit Agreement,
the Initial Junior Priority Credit Facility and each Additional Credit Facility. Nothing in this Agreement shall be deemed to subordinate
the right of any Junior Priority Secured Party to receive payment to the right of any Senior Priority Secured Party (whether before
or after the occurrence of an Insolvency Proceeding), it being the intent of the Parties that this Agreement shall effectuate a
subordination of Liens as between the Senior Priority Secured Parties, on the one hand, and the Junior Priority Secured Parties,
on the other hand, but not a subordination of Indebtedness.

 

Section 7.20         No
Warranties or Liability. Each Party acknowledges and agrees that none of the other Parties has made any representation or warranty
with respect to the execution, validity, legality, completeness, collectability or enforceability of any other Term Loan Document,
any other Initial Junior Priority Document or any other Additional Document. Except as otherwise provided in this Agreement, each
Party will be entitled to manage and supervise its respective extensions of credit to any Credit Party in accordance with law and
their usual practices, modified from time to time as they deem appropriate.

 

    	 	-54-	 

     

    

 

Section 7.21         Conflicts.
In the event of any conflict between the provisions of this Agreement and the provisions of any Term Loan Document, any Initial
Junior Priority Document or any Additional Document, the provisions of this Agreement shall govern. Notwithstanding the foregoing,
in the event of any conflict between the Base Intercreditor Agreement and this Agreement, the provisions of the Base Intercreditor
Agreement shall control; provided, however, that as permitted by the Base Intercreditor Agreement this Agreement
is intended to constitute a separate writing altering the rights between the Senior Priority Creditors on the one hand and the
Junior Priority Creditors on the other hand. The parties hereto acknowledge that the terms of this Agreement are not intended to
negate any specific rights granted to, or obligations of, the Company or any other Credit Party in the Term Loan Documents, the
Initial Junior Priority Documents or any Additional Documents.

 

Section 7.22         Information
Concerning Financial Condition of the Credit Parties. No Party has any responsibility for keeping any other Party informed
of the financial condition of the Credit Parties or of other circumstances bearing upon the risk of non-payment of the Term Loan
Obligations, the Initial Junior Priority Obligations or any Additional Obligations, as applicable. Each Party hereby agrees that
no Party shall have any duty to advise any other Party of information known to it regarding such condition or any such circumstances.
In the event any Party, in its sole discretion, undertakes at any time or from time to time to provide any information to any other
Party to this Agreement, it shall be under no obligation (a) to provide any such information to such other Party or any other Party
on any subsequent occasion, (b) to undertake any investigation not a part of its regular business routine, or (c) to disclose any
other information.

 

Section 7.23         Excluded
Assets. For the avoidance of doubt, nothing in this Agreement (including Sections 2.1, 4.1, 6.1 and 6.9
hereof) shall be deemed to provide or require that any Agent or any Secured Party represented thereby receive any Proceeds of,
or any Lien on, any Property of any Credit Party that constitutes “Excluded Assets” under (and as defined in) the applicable
Credit Facility or any related Credit Document to which such Agent is a party.

 

[Signature pages
follow]

 

    	 	-55-	 

     

    

 

IN WITNESS WHEREOF,
the Term Loan Agent, for and on behalf of itself and the Term Loan Secured Parties, and the Initial Junior Priority Agent, for
and on behalf of itself and the Initial Junior Priority Creditors, have caused this Agreement to be duly executed and delivered
as of the date first above written.

 

[                ],
in its capacity as Term Loan Agent

 

	By:	 	 
	 	Name:	 
	 	Title:	 
	 	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 

 

[[                ],
in its capacity as Senior Priority Representative

 

	By:	 	 
	 	Name:	 
	 	Title:	 
	 	 	 
	By:	 	 
	 	Name:	 
	 	Title:]	 

 

[                                                                        ],
in its capacity as Initial Junior Priority Agent

 

	By:	 	 
	 	Name:	 
	 	Title:	 

 

[[                                                                       ], in its capacity as Additional
Agent

 

	By:	 	 
	 	Name:	 
	 	Title:]31	 

 

 

		31	Add signature block for any Additional Agents.

 

    	 	S-1	 

     

    

 

ACKNOWLEDGMENT

 

Each Credit Party hereby
acknowledges that it has received a copy of this Agreement and consents thereto, agrees to recognize all rights granted thereby
to the Term Loan Agent, the Term Loan Secured Parties, the Initial Junior Priority Agent, the Initial Junior Priority Creditors,
any Additional Agent and any Additional Credit Facility Secured Parties, and will not do any act or perform any obligation which
is not in accordance with the agreements set forth in this Agreement.

 

CREDIT PARTIES:

 

[BORROWER]

 

	By:	 	 
	 	Name:	 
	 	Title:	 
	 	 	 
	[SUBSIDIARY GUARANTORS]	 
	 	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 

 

    	 	S-2	 

     

    

 

ADDITIONAL INDEBTEDNESS DESIGNATION

 

DESIGNATION dated
as of _______ __, 20__, by [COMPANY REPRESENTATIVE]32 (the “Company Representative”). Capitalized
terms used herein and not otherwise defined herein shall have the meaning specified in the Junior Lien Intercreditor Agreement
(as amended, supplemented, waived or otherwise modified from time to time, the “Intercreditor Agreement”) entered
into as of [          ], 20[ ], among [          ],
in its capacity as collateral agent (together with its successors and assigns in such capacity from time to time, and as further
defined in the Intercreditor Agreement, the “Term Loan Agent”) for the Term Loan Secured Parties, [                   ],
in its capacity as collateral agent (together with its successors and assigns in such capacity from time to time, and as further
defined in the Intercreditor Agreement, the “Initial Junior Priority Agent”) for the Initial Junior Priority
Secured Parties[[                            ],
as Additional Agent for the Additional Credit Facility Creditors under the [describe applicable Additional Credit Facility]].33
Capitalized terms used herein and not otherwise defined herein shall have the meaning specified in the Intercreditor Agreement.

 

Reference is made to
that certain [insert name of Additional Credit Facility], dated as of _______ __, 20__ (the “Additional Credit Facility”),
among [list any applicable Credit Party], [list Additional Credit Facility Secured Parties] [and Additional Agent, as agent (the
“Additional Agent”)].34

 

Section 7.11 of the
Intercreditor Agreement permits the Company Representative to designate Additional Indebtedness under the Intercreditor Agreement.
Accordingly:

 

Section 1. Representations
and Warranties. The Company Representative hereby represents and warrants to the Term Loan Agent, the Initial Junior Priority
Agent, and any Additional Agent that:

 

(1)         The
Additional Indebtedness incurred or to be incurred under the Additional Credit Facility constitutes “Additional Indebtedness”
which complies with the definition of such term in the Intercreditor Agreement; and

 

(2)         all
conditions set forth in Section 7.11 of the Intercreditor Agreement with respect to the Additional Indebtedness have been satisfied.

 

Section 2. Designation
of Additional Indebtedness. The Company Representative hereby designates such Additional Indebtedness as Additional Indebtedness
under the Intercreditor Agreement and such Additional Indebtedness shall constitute [Senior Priority Debt]/[Junior Priority Debt].

 

 

		32	Revise as appropriate to refer to any permitted successor
or assign.

 

		33	Revise as appropriate to refer to any successor Term Loan
Agent or Initial Junior Priority Agent and to add reference to any previously added Additional Agent.

 

		34	Revise as appropriate to refer to the relevant Additional
Credit Facility, Additional Credit Facility Secured Parties and any Additional Agent.

 

     

     

    

 

IN WITNESS WHEREOF,
the undersigned has caused this Designation to be duly executed by its duly authorized officer or other representative, all as
of the day and year first above written.

 

	[COMPANY]	 
	 	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 

 

     

     

    

 

ADDITIONAL INDEBTEDNESS JOINDER

 

JOINDER, dated as of
_______________, 20__, among [COMPANY], a [                                                                            ]
(“Company”), [          ], in its capacity as collateral agent
(together with its successors and assigns in such capacity from time to time, and as further defined in the Intercreditor Agreement,
the “Term Loan Agent”)35 for the Term Loan Secured Parties, [          ],
in its capacity as collateral agent (together with its successors and assigns in such capacity from time to time, and as further
defined in the Intercreditor Agreement, the “Initial Junior Priority Agent”)36 for the Initial Junior
Priority Secured Parties, [list any previously added Additional Agent] [and insert name of each Additional Agent under any Additional
Credit Facility being added hereby as party] and any successors or assigns thereof, to the Junior Lien Intercreditor Agreement
dated as of [          ], 20[ ] (as amended, supplemented, waived or otherwise
modified from time to time, the “Intercreditor Agreement”) among the Term Loan Agent, [and] the Initial Junior
Priority Agent [and (list any previously added Additional Agent)]. Capitalized terms used herein and not otherwise defined herein
shall have the meaning specified in the Intercreditor Agreement.

 

Reference is made to
that certain [insert name of Additional Credit Facility], dated as of _______ __, 20__ (the “Additional Credit Facility”),
among [list any applicable Grantor], [list any applicable Additional Credit Facility Secured Parties (the “Joining Additional
Creditors”)] [and insert name of each applicable Additional Agent (the “Joining Additional Agent”)].37

 

Section 7.11 of the
Intercreditor Agreement permits the Company Representative to designate Additional Indebtedness under the Intercreditor Agreement.
The Company Representative has so designated Additional Indebtedness incurred or to be incurred under the Additional Credit Facility
as Additional Indebtedness by means of an Additional Indebtedness Designation.

 

Accordingly, [the Joining
Additional Agent, for itself and on behalf of the Joining Additional Creditors,]38 hereby agrees with the Term Loan
Agent, the Initial Junior Priority Agent and any other Additional Agent party to the Intercreditor Agreement as follows:

 

Section 1. Agreement
to be Bound. The [Joining Additional Agent, for itself and on behalf of the Joining Additional Creditors,]39 hereby
agrees to be bound by the terms and provisions of the Intercreditor Agreement and shall, as of the Additional Effective Date with
respect to the Additional Credit Facility, be deemed to be a party to the Intercreditor Agreement.

 

 

		35	Revise as appropriate to refer to any successor Term Loan
Agent.

 

		36	Revise as appropriate to refer to any successor Initial
Junior Priority Agent.

 

		37	Revise as appropriate to refer to the relevant Additional
Credit Facility, Additional Credit Facility Secured Parties and any Additional Agent.

 

		38	Revise as appropriate to refer to any Additional Agent
being added hereby and any Additional Credit Facility Secured Parties represented thereby.

 

		39	Revise references throughout as appropriate to refer to
the party or parties being added.

 

     

     

    

 

Section 2. Recognition
of Claims. The Term Loan Agent (for itself and on behalf of the Term Loan Secured Parties), the Initial Junior Priority Agent
(for itself and on behalf of the Initial Junior Priority Secured Parties) and [each of] the Additional Agent[s](for itself and
on behalf of any Additional Credit Facility Secured Parties represented thereby) hereby agree that the interests of the respective
Creditors in the Liens granted to the Term Loan Agent, the Initial Junior Priority Agent, or any Additional Agent, as applicable,
under the applicable Credit Documents shall be treated, as among the Creditors, as having the priorities provided for in Section
2.1 of the Intercreditor Agreement, and shall at all times be allocated among the Creditors as provided therein regardless of
any claim or defense (including any claims under the fraudulent transfer, preference or similar avoidance provisions of applicable
bankruptcy, insolvency or other laws affecting the rights of creditors generally) to which the Term Loan Agent, the Initial Junior
Priority Agent, any Additional Agent or any Creditor may be entitled or subject. The Term Loan Agent (for itself and on behalf
of the Term Loan Secured Parties), the Initial Junior Priority Agent (for itself and on behalf of the Initial Junior Priority
Creditors), and any Additional Agent party to the Intercreditor Agreement (for itself and on behalf of any Additional Credit Facility
Secured Parties represented thereby) (a) recognize the existence and validity of the Additional Obligations represented by the
Additional Credit Facility, and (b) agree to refrain from making or asserting any claim that the Additional Credit Facility or
other applicable Additional Documents are invalid or not enforceable in accordance with their terms as a result of the circumstances
surrounding the incurrence of such obligations. The [Joining Additional Agent (for itself and on behalf of the Joining Additional
Creditors] (a) recognize[s] the existence and validity of the Term Loan Obligations and the existence and validity of the Initial
Junior Priority Obligations40 and (b) agree[s] to refrain from making or asserting any claim that the Term Loan Credit
Agreement, the Initial Junior Priority Credit Facility or other Term Loan Documents or Initial Junior Priority Documents,41
as the case may be, are invalid or not enforceable in accordance with their terms as a result of the circumstances surrounding
the incurrence of such obligations.

 

Section 3. Notices.
Notices and other communications provided for under the Intercreditor Agreement to be provided to [the Joining Additional Agent]
shall be sent to the address set forth on Annex 1 attached hereto (until notice of a change thereof is delivered as provided in
Section 7.5 of the Intercreditor Agreement).

 

Section 4. Miscellaneous.
THIS JOINDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK, WITHOUT
GIVING EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICT OF LAWS TO THE EXTENT SUCH PRINCIPLES OR RULES ARE NOT MANDATORILY APPLICABLE
BY STATUTE AND WOULD REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.

 

[Add Signatures]

 

 

		40	Add reference to any previously added Additional Credit
Facility and related Additional Obligations as appropriate.

 

		41	Add reference to any previously added Additional Credit
Facility and related Additional Documents as appropriate.

 

     

     

    

 

[TERM LOAN CREDIT AGREEMENT][INITIAL JUNIOR
PRIORITY CREDIT FACILITY] JOINDER

 

JOINDER, dated as of
_______________, 20__, among [    ], in its capacity as collateral agent (together with its successors and
assigns in such capacity from time to time, and as further defined in the Intercreditor Agreement, the “Term Loan Agent”)42
for the Term Loan Secured Parties, [             ], in its capacity
as collateral agent (together with its successors and assigns in such capacity from time to time, and as further defined in the
Intercreditor Agreement, the “Initial Junior Priority Agent”)43 for the Initial Junior Priority Secured
Parties, [list any previously added Additional Agent] [and insert name of additional Term Loan Secured Parties, Term Loan Agent,
Initial Junior Priority Secured Parties or Initial Junior Priority Agent, as applicable, being added hereby as party] and any successors
or assigns thereof, to the Junior Lien Intercreditor Agreement dated as of [], 20[ ] (as amended, supplemented, waived or otherwise
modified from time to time, the “Intercreditor Agreement”) among the Term Loan Agent44, [and] the
Initial Junior Priority Agent45 [and (list any previously added Additional Agent)]. Capitalized terms used herein and
not otherwise defined herein shall have the meaning specified in the Intercreditor Agreement.

 

Reference is made to
that certain [insert name of new facility], dated as of _______ __, 20__ (the “Joining [Term Loan Credit Agreement][Initial
Junior Priority Credit Facility]”), among [list any applicable Credit Party], [list any applicable new Term Loan Secured
Parties or new Initial Junior Priority Secured Parties, as applicable (the “Joining [Term Loan][Initial Junior Priority]
Secured Parties”)] [and insert name of each applicable Agent (the “Joining [Term Loan][Initial Junior Priority]
Agent”)].46

 

The Joining [Term Loan][Initial
Junior Priority] Agent, for itself and on behalf of the Joining [Term Loan][Initial Junior Priority]47 Secured Parties,
hereby agrees with the Company and the other Grantors, the [Term Loan][Initial Junior Priority] Agent and any other Additional
Agent party to the Intercreditor Agreement as follows:

 

Section 1. Agreement
to be Bound. The [Joining [Term Loan][Initial Junior Priority] Agent, for itself and on behalf of the Joining [Term Loan][Initial
Junior Priority] Secured Parties,]48 hereby agrees to be bound by the terms and provisions of the Intercreditor Agreement
and shall, as of the date hereof, be deemed to be a party to the Intercreditor Agreement as [the][a] [Term Loan][Initial Junior
Priority] Agent. As of the date hereof, the Joining [Term Loan Credit Agreement][Initial Junior Priority Credit Facility] shall
be deemed [the][a] [Term Loan Credit Agreement][Initial Junior Priority Credit Facility] under the Intercreditor Agreement, and
the obligations thereunder are subject to the terms and provisions of the Intercreditor Agreement.

 

 

		42	Revise as appropriate to refer to any successor Term Loan
Agent.

 

		43	Revise as appropriate to refer to any successor Initial
Junior Priority Agent.

 

		44	Revise as appropriate to describe predecessor Term Loan
Agent or Term Loan Secured Parties, if joinder is for a new Term Loan Credit Agreement.

 

		45	Revise as appropriate to describe predecessor Initial Junior
Priority Agent or Initial Junior Priority Secured Parties, if joinder is for a new Initial Junior Priority Credit Facility.

 

		46	Revise as appropriate to refer to the new credit facility,
Secured Parties and Agents.

 

		47	Revise as appropriate to refer to any Agent being added
hereby and any Secured Parties represented thereby.

 

		48	Revise references throughout as appropriate to refer to
the party or parties being added.

 

     

     

    

  

Section 2. Notices.
Notices and other communications provided for under the Intercreditor Agreement to be provided to the Joining [Term Loan][Initial
Junior Priority] Agent shall be sent to the address set forth on Annex 1 attached hereto (until notice of a change thereof is delivered
as provided in Section 7.5 of the Intercreditor Agreement).

 

Section 3. Miscellaneous.
THIS JOINDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK, WITHOUT
GIVING EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICT OF LAWS TO THE EXTENT SUCH PRINCIPLES OR RULES ARE NOT MANDATORILY APPLICABLE
BY STATUTE AND WOULD REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.

 

[ADD SIGNATURES]

 

     

     

    

 

EXHIBIT M

to

TERM LOAN CREDIT AGREEMENT

 

FORM OF AFFILIATED LENDER ASSIGNMENT
AND ASSUMPTION49

 

Reference is made to
the Term Loan Credit Agreement, dated as of February 8, 2018 (as the same may be amended, amended and restated, supplemented, waived
or otherwise modified from time to time, the “Credit Agreement”; capitalized terms defined therein being used
herein as therein defined), among NCI BUILDING SYSTEMS, INC., a Delaware corporation
(together with its successors and assigns, the “Borrower”), the several banks and other financial institutions
from time to time party thereto (the “Lenders”) and CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as administrative
agent (in such capacity, the “Administrative Agent”) for the Lenders and as collateral agent for the Secured
Parties. Unless otherwise defined herein, capitalized terms defined in the Credit Agreement and used herein shall have the meanings
given to them in the Credit Agreement.

 

___________________________
(the “Assignor”) and _________________ (the “Assignee”) agree as follows:

 

1.          The
Assignor hereby irrevocably sells and assigns to the Assignee without recourse to the Assignor, and the Assignee hereby irrevocably
purchases and assumes from the Assignor without recourse to the Assignor, as of the Transfer Effective Date (as defined below),
an interest (the “Assigned Interest”) as set forth in Schedule 1 in and to the Assignor’s rights
and obligations under the Credit Agreement and the other Loan Documents with respect to those credit facilities provided for in
the Credit Agreement as are set forth on Schedule 1 (individually, an “Assigned Facility”; collectively,
the “Assigned Facilities”), in a principal amount for each Assigned Facility as set forth on Schedule 1.

 

 

		49	Assignment Agreement to or by an Affiliated Lender that
is not an Affiliated Debt Fund

 

     

     

    

 

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Page 2

 

2.          The
Assignor (a) makes no representation or warranty and assumes no responsibility with respect to any statements, warranties
or representations made in or in connection with the Credit Agreement, any other Loan Document or any other instrument or document
furnished pursuant thereto or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit
Agreement, any other Loan Document or any other instrument or document furnished pursuant thereto, other than that it is the legal
and beneficial owner of the Assigned Interest and that it has not created any adverse claim upon the interest being assigned by
it hereunder and that such interest is free and clear of any adverse claim; (b) makes no representation or warranty and
assumes no responsibility with respect to the financial condition of the Borrower, any of its Subsidiaries or any other obligor
or the performance or observance by the Borrower, any of its Subsidiaries or any other obligor of any of their respective obligations
under the Credit Agreement, any other Loan Document or any other instrument or document furnished pursuant hereto or thereto; and
(c) attaches the Note(s), if any, held by it evidencing the Assigned Facilities [and requests that the Administrative Agent
exchange such Note(s) for a new Note or Notes payable to the Assignee and (if the Assignor has retained any interest in the Assigned
Facilities) a new Note or Notes payable to the Assignor in the respective amounts which reflect the assignment being made hereby
(and after giving effect to any other assignments which have become effective on the Transfer Effective Date)].50 The
Assignor acknowledges and agrees that in connection with this assignment, (1) the Assignee is an Affiliated Lender and it
or its Affiliates may have, and later may come into possession of, information regarding the Loans or the Loan Parties that is
not known to the Assignor and that may be material to a decision by such Assignor to assign the Assigned Interests (such information,
the “Excluded Information”), (2) such Assignor has independently, without reliance on the Assignee, the
Borrower, any of its Subsidiaries, the Administrative Agent or any other Lender or any of their respective Affiliates, made its
own analysis and determination to participate in such assignment notwithstanding such Assignor’s lack of knowledge of the
Excluded Information, (3) none of the Assignee, the Borrower, any of its Subsidiaries, the Administrative Agent, the
other Lenders or any of their respective Affiliates shall have any liability to the Assignor, and the Assignor hereby waives and
releases, to the extent permitted by law, any claims such Assignor may have against the Assignee, the Borrower, any of its Subsidiaries,
the Administrative Agent, the other Lenders and their respective Affiliates, under applicable laws or otherwise, with respect to
the nondisclosure of the Excluded Information and (4) the Excluded Information may not be available to the Administrative
Agent or the other Lenders.

 

 

		50	Should only be included when specifically required by the
Assignee and/or the Assignor, as the case may be.

 

     

     

    

 

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Page 3

 

3.          The
Assignee (a) represents and warrants that (i) it is legally authorized to enter into this Affiliated Lender Assignment
and Assumption; (ii) it is an Affiliated Lender; (iii) each of the terms and conditions set forth in Subsection
11.6(h)(i) of the Credit Agreement have been satisfied with respect to this Affiliated Lender Assignment and Assumption; (b)
confirms that it has received a copy of the Credit Agreement, together with copies of the financial statements referred to in Subsections
5.1 and 7.1 thereof and such other documents and information as it has deemed appropriate to make its own credit analysis
and decision to enter into this Affiliated Lender Assignment and Assumption; (c) agrees that it will, independently and
without reliance upon the Assignor, any 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, the
other Loan Documents or any other instrument or document furnished pursuant hereto or thereto; (d) agrees that it shall
not be permitted to (A) attend or participate in, and shall not attend or participate in, any “lender-only”
meetings or receive any related “lender-only” information, (B) receive any information or material prepared
by the Administrative Agent or any Lender or any communication by or among the Administrative Agent and/or one or more Lenders,
except to the extent such information or materials have been made available to the Borrower or its representatives or (C)
receive advice of counsel to the Administrative Agent or any other Lender or challenge their attorney client privilege; (e)
appoints and authorizes each applicable Agent to take such action as agent on its behalf and to exercise such powers and discretion
under the Credit Agreement, the other Loan Documents 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; (f)
hereby affirms the acknowledgements and representations of such Assignee as a Lender contained in Subsection 10.5 of the
Credit Agreement; and (g) agrees that it will be bound by the provisions of the Credit Agreement and will perform in accordance
with the terms of the Credit Agreement all the obligations which by the terms of the Credit Agreement are required to be performed
by it as a Lender, including its obligations pursuant to Subsection 11.16 of the Credit Agreement, and, if it is organized
under the laws of a jurisdiction outside the United States, its obligations pursuant to Subsection 4.11(b) of the Credit
Agreement.

 

     

     

    

 

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Page 4

 

4.          The
Assignee hereby confirms, in accordance with Subsection 11.6(h)(iv) of the Credit Agreement, that it will comply with the
requirements of such subsection.

 

5.          The
effective date of this Affiliated Lender Assignment and Assumption shall be [___________], [_______] (the “Transfer Effective
Date”). Following the execution of this Affiliated Lender Assignment and Assumption, it will be delivered to the Administrative
Agent for acceptance by it and recording by the Administrative Agent pursuant to Subsection 11.6 of the Credit Agreement,
effective as of the Transfer Effective Date (which shall not, unless otherwise agreed to by the Administrative Agent, be earlier
than five Business Days after the date of such acceptance and recording by the Administrative Agent).

 

6.          Upon
such acceptance and recording, from and after the Transfer 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 Assignee whether such
amounts have accrued prior to the Transfer Effective Date or accrued subsequent to the Transfer Effective Date. The Assignor and
the Assignee shall make all appropriate adjustments in payments by the Administrative Agent for periods prior to the Transfer Effective
Date or with respect to the making of this assignment directly between themselves.

 

7.          From
and after the Transfer Effective Date, (a) the Assignee shall be a party to the Credit Agreement and, to the extent provided
in this Affiliated Lender Assignment and Assumption, have the rights and obligations of an Affiliated Lender thereunder and under
the other Loan Documents and shall be bound by the provisions thereof and (b) the Assignor shall, to the extent provided
in this Affiliated Lender Assignment and Assumption, relinquish its rights and be released from its obligations under the Credit
Agreement, but shall nevertheless continue to be entitled to the benefits of (and bound by related obligations under) Subsections
4.10, 4.11, 4.12, 4.13 and 11.5 thereof, and bound by its continuing obligations under Subsection
11.16 thereof.

 

8.          Notwithstanding
any other provision hereof, if the consents of the Borrower and the Administrative Agent hereto are required under Subsection
11.6 of the Credit Agreement, this Affiliated Lender Assignment and Assumption shall not be effective unless such consents
shall have been obtained.

 

     

     

    

 

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Page 5

 

9.          THIS
AFFILIATED LENDER ASSIGNMENT AND ASSUMPTION SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF
THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICT OF LAWS TO THE EXTENT SUCH PRINCIPLES OR RULES
ARE NOT MANDATORILY APPLICABLE BY STATUTE AND WOULD REQUIRE OR PERMIT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION.

 

IN WITNESS WHEREOF, the
parties hereto have caused this Affiliated Lender Assignment and Assumption to be executed as of the date first above written by
their respective duly authorized officers on Schedule 1 hereto.

 

     

     

    

 

SCHEDULE 1

to

EXHIBIT M

 

AFFILIATED LENDER ASSIGNMENT AND ASSUMPTION

 

Re: Term Loan Credit
Agreement, dated as of February 8, 2018, among NCI BUILDING SYSTEMS, INC., a Delaware corporation (together with its successors
and assigns, the “Borrower”), the several banks and other financial institutions from time to time party thereto
(the “Lenders”) and CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as administrative agent for the Lenders and as
collateral agent for the Secured Parties.

 

Name of Assignor:

 

Name of Assignee:

 

Transfer Effective Date
of Assignment:

 

	Assigned Facility	 	Aggregate Amount of
 Commitment/Loans
    under
 Assigned Facility for Assignor	 	 	Amount of
 Commitment/Loans Assigned	 
	 	 	 	 	 	 	 
		 	$		 	 	$		 

 

	[NAME OF ASSIGNEE]	 	[NAME OF ASSIGNOR]
	 	 	 
	By:	 	 	By:	 
	 	Name:	 	 	Name:
	 	Title:	 	 	Title:

 

     

     

    

 

	Accepted for recording in the Register:	 	Consented To:51
	 	 	 
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,

as Administrative Agent	 	[NCI BUILDING SYSTEMS, INC.
	 	 	 	 	 
	By:	 	 	By:	 
	 	Name:	 	 	Name:
	 	Title:	 	 	Title:]

 

	By:	 	 	[CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,
	 	Name:	 
	 	Title:	 	 	as Administrative Agent

 

	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:]

 

 

		51	Insert only as required by Subsection 11.6 of the
Credit Agreement.

 

     

     

    

 

EXHIBIT N

to

TERM LOAN CREDIT AGREEMENT

 

FORM OF ACCEPTANCE AND PREPAYMENT NOTICE

 

CREDIT SUISSE AG, CAYMAN ISLANDS
BRANCH,

as Administrative Agent under the

Credit Agreement referred to below

 

[               ]

 

[DATE]

 

Attention: [               ]

 

		Re:	NCI BUILDING
SYSTEMS, INC.

 

This Acceptance and
Prepayment Notice is delivered to you pursuant to Subsection 4.4(h)(iv) of that certain Term Loan Credit Agreement dated
as of February 8, 2018 (together with all exhibits and schedules thereto and as the same may be amended, supplemented, waived or
otherwise modified from time to time, the “Credit Agreement”), among NCI
BUILDING SYSTEMS, INC., a Delaware corporation (together with its successors and assigns, the “Borrower”),
the several banks and other financial institutions from time to time party thereto (the “Lenders”) and CREDIT
SUISSE AG, CAYMAN ISLANDS BRANCH, as administrative agent (in such capacity, the “Administrative Agent”) for
the Lenders and as collateral agent for the Secured Parties. Capitalized terms used herein and not otherwise defined herein are
used herein as defined in the Credit Agreement.

 

Pursuant to Subsection
4.4(h)(iv) of the Credit Agreement, the Borrower hereby notifies you that it accepts offers delivered in response to the Solicited
Discounted Prepayment Notice having an Offered Discount equal to or greater than [●]% (the “Acceptable Discount”)
in an aggregate amount not to exceed the Solicited Discounted Prepayment Amount.

 

The Borrower expressly
agrees that this Acceptance and Prepayment Notice is subject to the provisions of Subsection 4.4(h) of the Credit Agreement.

 

The Borrower hereby
represents and warrants to the Administrative Agent [,][and] [the Lenders of the Initial Term Loans] [[and]] the Lenders of the
[●, 20●]52 Tranche[s]] as follows:

 

 

 

		52	List multiple Tranches if applicable.

 

     

     

    

 

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[At least ten Business Days have
passed since the consummation of the most recent Discounted Term Loan Prepayment as a result of a prepayment made by the Borrower
on the applicable Discounted Prepayment Effective Date (or such shorter period as agreed to by the Administrative Agent in its
reasonable discretion).][At least three Business Days have passed since the date the Borrower was notified that no Lender was willing
to accept any prepayment of any Term Loan at the Specified Discount, within the Discount Range or at any discount to par value,
as applicable, or in the case of Borrower Solicitation of Discounted Prepayment Offers, the date of the Borrower’s election
not to accept any Solicited Discounted Prepayment Offers made by a Lender (or such shorter period as agreed to by the Administrative
Agent in its reasonable discretion).]53

 

The Borrower acknowledges
that the Administrative Agent and the relevant Lenders are relying on the truth and accuracy of the foregoing representations and
warranties in connection with the acceptance of any prepayment made in connection with a Solicited Discounted Prepayment Offer.

 

The Borrower requests
that Administrative Agent promptly notify each of the relevant Lenders party to the Credit Agreement of this Acceptance and Prepayment
Notice.

 

[REMAINDER OF THE PAGE INTENTIONALLY LEFT
BLANK]

 

 

		53	Insert applicable representation.

 

     

     

    

 

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IN WITNESS WHEREOF,
the undersigned has executed this Acceptance and Prepayment Notice as of the date first above written.

 

	 	NCI BUILDING SYSTEMS, INC.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

     

     

    

 

EXHIBIT O

to

TERM LOAN CREDIT AGREEMENT

 

FORM OF DISCOUNT RANGE PREPAYMENT NOTICE

 

CREDIT SUISSE AG, CAYMAN ISLANDS
BRANCH,

as Administrative Agent under the

Credit Agreement referred to below

 

[               ]

 

[DATE]

 

Attention: [               ]

 

		Re:	NCI BUILDING
SYSTEMS, INC.

 

This Discount Range
Prepayment Notice is delivered to you pursuant to Subsection 4.4(h)(iii) of that certain Term Loan Credit Agreement dated
as of February 8, 2018 (together with all exhibits and schedules thereto and as the same may be amended, restated, amended and
restated, supplemented, waived or otherwise modified from time to time, the “Credit Agreement”), among NCI
BUILDING SYSTEMS, INC., a Delaware corporation (together with its successors and assigns, the “Borrower”),
the several banks and other financial institutions from time to time party thereto (the “Lenders”) and CREDIT
SUISSE AG, CAYMAN ISLANDS BRANCH, as administrative agent (in such capacity, the “Administrative Agent”) for
the Lenders and as collateral agent for the Secured Parties. Capitalized terms used herein and not otherwise defined herein are
used herein as defined in the Credit Agreement.

 

Pursuant to Subsection
4.4(h)(iii) of the Credit Agreement, the Borrower hereby requests that each [Lender of the Initial Term Loans] [[and] each
Lender of the [●, 20●]

 

54Tranche[s]]
submit a Discount Range Prepayment Offer. Any Discounted Term Loan Prepayment made in connection with this solicitation shall be
subject to the following terms:

 

1.          This
Borrower Solicitation of Discount Range Prepayment Offers is extended at the sole discretion of the Borrower to each [Lender of
the Initial Term Loans] [[and to each] Lender of the [●, 20●]55 Tranche[(s)]].

 

2.          The
maximum aggregate Outstanding Amount of the Discounted Term Loan Prepayment that will be made in connection with this solicitation
is [$[●] of Initial Term Loans] [[and] $[●] of the [●, 20●]56 Tranche[(s)] of Incremental Term
Loans] (the “Discount Range Prepayment Amount”).57

 

 

		54	List multiple Tranches if applicable.

 

		55	List multiple Tranches if applicable.

 

		56	List multiple Tranches if applicable.

 

		57	Minimum of $5,000,000 and whole increments of $500,000
in excess thereof (or such lower minimum amounts or multiples as agreed to by the Administrative Agent in its reasonable discretion).

 

     

     

    

 

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3.          The
Borrower is willing to make Discount Term Loan Prepayments at a percentage discount to par value greater than or equal to [●]%
but less than or equal to [●]% (the “Discount Range”).

  

To make an offer in
connection with this solicitation, you are required to deliver to the Administrative Agent a Discount Range Prepayment Offer on
or before 5:00 P.M. New York City time on the date that is three Business Days following the dated delivery of the notice58
pursuant to Subsection 4.4(h)(iii) of the Credit Agreement.

 

The Borrower hereby
represents and warrants to the Administrative Agent and the [Lenders of the Initial Term Loans] [[and the] Lenders of the [●,
20●]59 Tranche[s]] as follows:

 

1.          [At
least ten Business Days have passed since the consummation of the most recent Discounted Term Loan Prepayment as a result of a
prepayment made by the Borrower on the applicable Discounted Prepayment Effective Date (or such shorter period as agreed to by
the Administrative Agent in its reasonable discretion).][At least three Business Days have passed since the date the Borrower was
notified that no Lender was willing to accept any prepayment of any Term Loan at the Specified Discount, within the Discount Range
or at any discount to par value, as applicable, or in the case of Borrower Solicitation of Discounted Prepayment Offers, the date
of the Borrower’s election not to accept any Solicited Discounted Prepayment Offers made by a Lender (or such shorter period
as agreed to by the Administrative Agent in its reasonable discretion).]60

 

 

		58	Or such later date designated by the Administrative Agent
and approved by the Borrower.

 

		59	List multiple Tranches if applicable.

 

		60	Insert applicable representation.

 

     

     

    

 

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The Borrower acknowledges
that the Administrative Agent and the relevant Lenders are relying on the truth and accuracy of the foregoing representations and
warranties in connection with any Discount Range Prepayment Offer made in response to this Discount Range Prepayment Notice and
the acceptance of any prepayment made in connection with this Discount Range Prepayment Notice.

 

The Borrower requests
that Administrative Agent promptly notify each of the relevant Lenders party to the Credit Agreement of this Discount Range Prepayment
Notice.

 

[REMAINDER OF THE PAGE INTENTIONALLY LEFT
BLANK]

 

     

     

    

 

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Page 4

 

IN WITNESS WHEREOF, the undersigned has executed this Discount
Range Prepayment Notice as of the date first above written.

 

	 	NCI BUILDING SYSTEMS, INC.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Enclosure: Form of Discount Range Prepayment
Offer

 

     

     

    

 

EXHIBIT P

to

TERM LOAN CREDIT AGREEMENT

 

FORM OF DISCOUNT RANGE PREPAYMENT OFFER

 

CREDIT SUISSE AG, CAYMAN ISLANDS
BRANCH,

as Administrative Agent under the

Credit Agreement referred to below

 

[          ]

 

[DATE]

 

Attention: [          ]

 

		Re:	NCI BUILDING
SYSTEMS, INC.

 

Reference is made to
(a) that certain Term Loan Credit Agreement dated as of February 8, 2018 (together with all exhibits and schedules thereto
and as the same may be amended, restated, amended and restated, supplemented, waived or otherwise modified from time to time, the
“Credit Agreement”), among NCI BUILDING SYSTEMS, INC., a Delaware
corporation (together with its successors and assigns, the “Borrower”), the several banks and other financial
institutions from time to time party thereto (the “Lenders”) and CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as
administrative agent (in such capacity, the “Administrative Agent”) for the Lenders and as collateral agent
for the Secured Parties and (b) that certain Discount Range Prepayment Notice, dated ______, 20__, from the Borrower (the
“Discount Range Prepayment Notice”). Capitalized terms used herein and not otherwise defined herein are used
herein as defined in the Credit Agreement.

 

The undersigned Lender
hereby gives you irrevocable notice, pursuant to Subsection 4.4(h)(iii) of the Credit Agreement, that it is hereby offering
to accept a Discounted Term Loan Prepayment on the following terms:

 

1.          This
Discount Range Prepayment Offer is available only for prepayment on the [Initial Term Loans] [[and the] [●, 20●]61
Tranche[s]] held by the undersigned.

 

2.          The
maximum aggregate Outstanding Amount of the Discounted Term Loan Prepayment that may be made in connection with this offer shall
not exceed (the “Submitted Amount”):

 

[Initial Term Loans - $[●]]

 

[[●, 20●]62
Tranche[s] - $[●]]

 

 

		61	List multiple Tranches if applicable.

 

		62	List multiple Tranches if applicable.

 

     

     

    

 

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3.          The
percentage discount to par value at which such Discounted Term Loan Prepayment may be made is [●]% (the “Submitted
Discount”).

 

The undersigned Lender
hereby expressly consents and agrees to a prepayment of its [Initial Term Loans] [[and its] [●, 20●]63 Tranche[s]]
indicated above pursuant to Subsection 4.4(h) of the Credit Agreement at a price equal to the Applicable Discount and in
an aggregate Outstanding Amount not to exceed the Submitted Amount, as such amount may be reduced in accordance with the Discount
Range Proration, if any, and as otherwise determined in accordance with and subject to the requirements of the Credit Agreement.

 

The undersigned Lender
further acknowledges and agrees that (1) the Borrower may have, and may come into possession of information regarding the
Term Loans or the Loan Parties hereunder that is not known to such Lender and that may be material to the decision by such Lender
to accept the Discounted Term Loan Prepayment (“Excluded Information”), (2) such Lender independently
and, without reliance on the Borrower, any of its Subsidiaries, the Administrative Agent or any of their respective Affiliates,
has made its own analysis and determination to participate in the Discounted Term Loan Prepayment notwithstanding such Lender’s
lack of knowledge of the Excluded Information, and (3) none of the Borrower, its Subsidiaries, the Administrative Agent,
or any of their respective Affiliates shall have any liability to such Lender, and the undersigned Lender hereby waives and releases,
to the extent permitted by law, any claims such Lender may have against the Borrower, its Subsidiaries, the Administrative Agent,
and their respective Affiliates, under applicable laws or otherwise, with respect to the nondisclosure of the Excluded Information.
The undersigned Lender further acknowledges that the Excluded Information may not be available to the Administrative Agent or the
other Lenders.

 

 

		63	List multiple Tranches if applicable.

 

     

     

    

 

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IN WITNESS WHEREOF, the undersigned has
executed this Discount Range Prepayment Offer as of the date first above written.

 

[                ]

	By:	 	 
	 	Name	 
	 	Title:	 

 

	By:	 	 
	 	Name	 
	 	Title:	 

 

     

     

    

 

EXHIBIT Q

to

TERM LOAN CREDIT AGREEMENT

 

FORM OF SOLICITED DISCOUNTED PREPAYMENT
NOTICE

 

CREDIT SUISSE AG, CAYMAN ISLANDS
BRANCH,

as Administrative Agent under the

Credit Agreement referred to below

 

[               ]

 

[DATE]

 

Attention: [               ]

 

		Re:	NCI BUILDING
SYSTEMS, INC.

 

This Solicited Discounted
Prepayment Notice is delivered to you pursuant to Subsection 4.4(h)(iv) of that certain Term Loan Credit Agreement dated
as of February 8, 2018 (together with all exhibits and schedules thereto and as the same may be amended, restated, amended and
restated, supplemented, waived or otherwise modified from time to time, the “Credit Agreement”), among NCI
BUILDING SYSTEMS, INC., a Delaware corporation (together with its successors and assigns, the “Borrower”),
the several banks and other financial institutions from time to time party thereto (the “Lenders”) and CREDIT
SUISSE AG, CAYMAN ISLANDS BRANCH, as administrative agent (in such capacity, the “Administrative Agent”) for
the Lenders and as collateral agent for the Secured Parties. Capitalized terms used herein and not otherwise defined herein are
used herein as defined in the Credit Agreement.

 

Pursuant to Subsection
4.4(h)(iv) of the Credit Agreement, the Borrower hereby requests that [each Lender of the Initial Term Loans] [[and] each Lender
of the [●, 20●]

 

64Tranche[s]]
submit a Solicited Discounted Prepayment Offer. Any Discounted Term Loan Prepayment made in connection with this solicitation shall
be subject to the following terms:

 

1.          This
Borrower Solicitation of Discounted Prepayment Offers is extended at the sole discretion of the Borrower to each [Lender of the
Initial Term Loans] [[and to each] Lender of the [●, 20●]65 Tranche[s]].

 

2.          The
maximum aggregate Outstanding Amount of the Discounted Term Loan Prepayment that will be made in connection with this solicitation
is (the “Solicited Discounted Prepayment Amount”):66

 

 

		64	List multiple Tranches if applicable.

 

		65	List multiple Tranches if applicable.

 

		66	Minimum of $5,000,000 and whole increments of $500,000
in excess thereof (or such lower minimum amounts or multiples as agreed to by the Administrative Agent in its reasonable discretion).

 

     

     

    

 

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Page 2

 

[Initial Term Loans - $[●]]

 

[[●, 20●]67
Tranche[s] - $[●]]

 

To make an offer in
connection with this solicitation, you are required to deliver to the Administrative Agent a Solicited Discounted Prepayment Offer
on or before 5:00 P.M. New York City time on the date that is three Business Days following delivery of this notice68
pursuant to Subsection 4.4(h)(iv) of the Credit Agreement.

 

The Borrower requests
that Administrative Agent promptly notify each of the relevant Lenders party to the Credit Agreement of this Solicited Discounted
Prepayment Notice.

 

[REMAINDER OF THE PAGE INTENTIONALLY LEFT
BLANK]

 

 

 

		67	List multiple Tranches if applicable.

 

		68	Or such later date as may be designated by the Administrative
Agent and approved by the Borrower.

 

     

     

    

 

EXHIBIT Q

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Page 3

 

IN WITNESS WHEREOF,
the undersigned has executed this Solicited Discounted Prepayment Notice as of the date first above written.

 

	 	NCI BUILDING SYSTEMS, INC.
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Enclosure: Form of Solicited Discounted
Prepayment Offer

 

     

     

    

 

EXHIBIT R

to

TERM LOAN CREDIT AGREEMENT

 

FORM OF SOLICITED DISCOUNTED PREPAYMENT
OFFER

 

CREDIT SUISSE AG, CAYMAN ISLANDS
BRANCH,

as Administrative Agent under the

Credit Agreement referred to below

 

[            ]

 

[DATE]

 

Attention: [           ]

 

		Re:	NCI BUILDING
SYSTEMS, INC.

 

Reference is made to
(a) that certain Term Loan Credit Agreement dated as of February 8, 2018 (together with all exhibits and schedules thereto
and as the same may be amended, restated, amended and restated, supplemented, waived or otherwise modified from time to time, the
“Credit Agreement”), among NCI BUILDING SYSTEMS, INC., a Delaware
corporation (together with its successors and assigns, the “Borrower”), the several banks and other financial
institutions from time to time party thereto (the “Lenders”) and CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as
administrative agent (in such capacity, the “Administrative Agent”) for the Lenders and as collateral agent
for the Secured Parties and (b) that certain Solicited Discounted Prepayment Notice, dated ______, 20__, from the Borrower
(the “Solicited Discounted Prepayment Notice”). Capitalized terms used herein and not otherwise defined herein
shall have the meaning ascribed to such terms in the Solicited Discounted Prepayment Notice or, to the extent not defined therein,
in the Credit Agreement.

 

To accept the offer
set forth herein, you must submit an Acceptance and Prepayment Notice on or before the third Business Day following your receipt
of this notice.

 

The undersigned Lender
hereby gives you irrevocable notice, pursuant to Subsection 4.4(h)(iv) of the Credit Agreement, that it is hereby offering
to accept a Discounted Term Loan Prepayment on the following terms:

 

1.          This
Solicited Discounted Prepayment Offer is available only for prepayment on the [Initial Term Loans][[and the] [●, 20●]69
Tranche[s]] held by the undersigned.

 

2.          The
maximum aggregate Outstanding Amount of the Discounted Term Loan Prepayment that may be made in connection with this offer shall
not exceed (the “Offered Amount”):

 

 

		69	List multiple Tranches if applicable.

 

     

     

    

 

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Page 2

 

[Initial Term Loans - $[●]]

 

[[●, 20●]70
Tranche[s] - $[●]]

 

3.          The
percentage discount to par value at which such Discounted Term Loan Prepayment may be made is [●]% (the “Offered
Discount”).

 

The undersigned Lender
hereby expressly consents and agrees to a prepayment of its [Initial Term Loans] [[and its] [●, 20●]71
Tranche[s]] pursuant to Subsection 4.4(h) of the Credit Agreement at a price equal to the Acceptable Discount and in an
aggregate Outstanding Amount not to exceed such Lender’s Offered Amount as such amount may be reduced in accordance with
the Solicited Discount Proration, if any, and as otherwise determined in accordance with and subject to the requirements of the
Credit Agreement.

 

The undersigned Lender
further acknowledges and agrees that (1) the Borrower may have, and may come into possession of information regarding the
Term Loans or the Loan Parties hereunder that is not known to such Lender and that may be material to the decision by such Lender
to accept the Discounted Term Loan Prepayment (“Excluded Information”), (2) such Lender independently
and, without reliance on the Borrower, any of its Subsidiaries, the Administrative Agent or any of their respective Affiliates,
has made its own analysis and determination to participate in the Discounted Term Loan Prepayment notwithstanding such Lender’s
lack of knowledge of the Excluded Information, and (3) none of the Borrower, its Subsidiaries, the Administrative Agent,
or any of their respective Affiliates shall have any liability to such Lender, and the undersigned Lender hereby waives and releases,
to the extent permitted by law, any claims such Lender may have against the Borrower, its Subsidiaries, the Administrative Agent,
and their respective Affiliates, under applicable laws or otherwise, with respect to the nondisclosure of the Excluded Information.
The undersigned Lender further acknowledges that the Excluded Information may not be available to the Administrative Agent or the
other Lenders.

 

 

		70	List multiple Tranches if applicable.

 

		71	List multiple Tranches if applicable.

 

     

     

    

 

EXHIBIT R

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Page 3

 

IN WITNESS WHEREOF,
the undersigned has executed this Solicited Discounted Prepayment Offer as of the date first above written.

 

[           ]

	By:	 	 
	 	Name	 
	 	Title:	 

 

	By:	 	 
	 	Name	 
	 	Title:	 

 

     

     

    

 

EXHIBIT S

to

TERM LOAN CREDIT AGREEMENT

 

FORM OF SPECIFIED DISCOUNT PREPAYMENT
NOTICE

 

CREDIT SUISSE AG, CAYMAN ISLANDS
BRANCH,

as Administrative Agent under the

Credit Agreement referred to below

 

[          ]

 

[DATE]

 

Attention: [         ]

 

		Re:	NCI BUILDING SYSTEMS, INC.

 

This Specified Discount
Prepayment Notice is delivered to you pursuant to Subsection 4.4(h)(ii) of that certain Term Loan Credit Agreement dated
as of February 8, 2018 (together with all exhibits and schedules thereto and as the same may be amended, restated, amended and
restated, supplemented, waived or otherwise modified from time to time, the “Credit Agreement”), among NCI
BUILDING SYSTEMS, INC., a Delaware corporation (together with its successors and assigns, the “Borrower”),
the several banks and other financial institutions from time to time party thereto (the “Lenders”) and CREDIT
SUISSE AG, CAYMAN ISLANDS BRANCH, as administrative agent (in such capacity, the “Administrative Agent”) for
the Lenders and as collateral agent for the Secured Parties. Capitalized terms used herein and not otherwise defined herein are
used herein as defined in the Credit Agreement.

 

Pursuant to Subsection
4.4(h)(ii) of the Credit Agreement, the Borrower hereby offers to make a Discounted Term Loan Prepayment to each [Lender of
the Initial Term Loans] [[and to each] Lender of the [●, 20●]

 

72
Tranche[s]] on the following terms:

 

1.          This
Borrower Offer of Specified Discount Prepayment is available only to each [Lender of the Initial Term Loans] [[and to each] Lender
of the [●, 20●]73 Tranche[s]].

 

2.          The
maximum aggregate Outstanding Amount of the Discounted Term Loan Prepayment that will be made in connection with this offer shall
not exceed $[●] of the [Initial Term Loans] [[and $[●] of the] [●, 20●]74
Tranche[(s)] of Incremental Term Loans] (the “Specified Discount Prepayment Amount”). 75

 

 

		72	List multiple Tranches if applicable.

 

		73	List multiple Tranches if applicable.

 

		74	List multiple Tranches if applicable.

 

		75	Minimum of $5,000,000 and whole increments of $500,000
in excess thereof (or such lower minimum amounts or multiples as agreed to by the Administrative Agent in its reasonable discretion).

 

     

     

    

 

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Page 2

 

3.          The
percentage discount to par value at which such Discounted Term Loan Prepayment will be made is [●]% (the “Specified
Discount”).

 

To accept this offer,
you are required to submit to the Administrative Agent a Specified Discount Prepayment Response on or before 5:00 P.M. New York
City time on the date that is three (3) Business Days following the date of delivery of this notice76
pursuant to Subsection 4.4(h)(ii) of the Credit Agreement.

 

The Borrower hereby
represents and warrants to the Administrative Agent [and the Lenders] [[and] each Lender of the [●, 20●]77
Tranche[s]] as follows:

 

[At least ten Business Days have
passed since the consummation of the most recent Discounted Term Loan Prepayment as a result of a prepayment made by the Borrower
on the applicable Discounted Prepayment Effective Date (or such shorter period as agreed to by the Administrative Agent in its
reasonable discretion).][At least three Business Days have passed since the date the Borrower was notified that no Lender was willing
to accept any prepayment of any Term Loan at the Specified Discount, within the Discount Range or at any discount to par value,
as applicable, or in the case of Borrower Solicitation of Discounted Prepayment Offers, the date of the Borrower’s election
not to accept any Solicited Discounted Prepayment Offers made by a Lender (or such shorter period as agreed to by the Administrative
Agent in its reasonable discretion).] 78

 

The Borrower acknowledges
that the Administrative Agent and the Lenders are relying on the truth and accuracy of the foregoing representations and warranties
in connection with their decision whether or not to accept the offer set forth in this Specified Discount Prepayment Notice and
the acceptance of any prepayment made in connection with this Specified Discount Prepayment Notice.

 

The Borrower requests
that Administrative Agent promptly notify each of the relevant Lenders party to the Credit Agreement of this Specified Discount
Prepayment Notice.

 

[REMAINDER OF THE PAGE INTENTIONALLY LEFT
BLANK]

 

 

		76	Or such later date as may be designated by the Administrative
Agent and approved by the Borrower.

 

		77	List multiple Tranches if applicable.

 

		78	Insert applicable representation.

 

     

     

    

 

EXHIBIT S

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Page 3

 

IN WITNESS WHEREOF,
the undersigned has executed this Specified Discount Prepayment Notice as of the date first above written.

 

	 	NCI BUILDING SYSTEMS, INC.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

Enclosure: Form of Specified Discount Prepayment
Response

 

     

     

    

 

EXHIBIT T

to

TERM LOAN CREDIT AGREEMENT

 

FORM OF SPECIFIED DISCOUNT PREPAYMENT
RESPONSE

 

CREDIT SUISSE AG, CAYMAN ISLANDS
BRANCH,

as Administrative Agent under the

Credit Agreement referred to below

 

[           ]

 

[DATE]

 

Attention: [           ]

 

		Re:	NCI BUILDING SYSTEMS, INC.

 

Reference is made to
(a) that certain Term Loan Credit Agreement dated as of February 8, 2018 (together with all exhibits and schedules thereto
and as the same may be amended, supplemented, waived or otherwise modified from time to time, the “Credit Agreement”),
among NCI BUILDING SYSTEMS, INC., a Delaware corporation (together with its successors
and assigns, the “Borrower”), the several banks and other financial institutions from time to time party thereto
(the “Lenders”) and CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as administrative agent (in such capacity, the
“Administrative Agent”) for the Lenders and as collateral agent for the Secured Parties and (b) that
certain Specified Discount Prepayment Notice, dated ______, 20__, from the Borrower (the “Specified Discount Prepayment
Notice”). Capitalized terms used herein and not otherwise defined herein are used herein as defined in the Credit Agreement.

 

The undersigned Lender
hereby gives you irrevocable notice, pursuant to Subsection 4.4(h)(ii) of the Credit Agreement, that it is willing to accept
a prepayment of the following Tranches of Term Loans held by such Lender at the Specified Discount in an aggregate Outstanding
Amount as follows:

 

[Initial Term Loans
- $[●]]

 

[[●, 20●]

 

     

     

    

 

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Page 2

 

79
Tranche[s] - $[●]]

 

The undersigned Lender
hereby expressly consents and agrees to a prepayment of its [Initial Term Loans][[and its] [●, 20●]80
Tranche[s]] pursuant to Subsection 4.4(h)(ii) of the Credit Agreement at a price equal to the Specified Discount in the
aggregate Outstanding Amount not to exceed the amount set forth above, as such amount may be reduced in accordance with the Specified
Discount Proration, and as otherwise determined in accordance with and subject to the requirements of the Credit Agreement.

 

The undersigned Lender
further acknowledges and agrees that (1) the Borrower may have, and may come into possession of information regarding the
Term Loans or the Loan Parties hereunder that is not known to such Lender and that may be material to the decision by such Lender
to accept the Discounted Term Loan Prepayment (“Excluded Information”), (2) such Lender independently
and, without reliance on the Borrower, any of its Subsidiaries, the Administrative Agent or any of their respective Affiliates,
has made its own analysis and determination to participate in the Discounted Term Loan Prepayment notwithstanding such Lender’s
lack of knowledge of the Excluded Information, and (3) none of the Borrower, its Subsidiaries, the Administrative Agent,
or any of their respective Affiliates shall have any liability to such Lender, and the undersigned Lender hereby waives and releases,
to the extent permitted by law, any claims such Lender may have against the Borrower, its Subsidiaries, the Administrative Agent,
and their respective Affiliates, under applicable laws or otherwise, with respect to the nondisclosure of the Excluded Information.
The undersigned Lender further acknowledges that the Excluded Information may not be available to the Administrative Agent or the
other Lenders.

 

[REMAINDER OF THE PAGE INTENTIONALLY LEFT
BLANK]

 

 

		79	List multiple Tranches if applicable.

 

		80	List multiple Tranches if applicable.

 

     

     

    

 

EXHIBIT T

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Page 3

 

IN WITNESS WHEREOF,
the undersigned has executed this Specified Discount Prepayment Response as of the date first above written.

 

[             ]

	By:	 	 
	 	Name	 
	 	Title:	 

 

	By:	 	 
	 	Name	 
	 	Title:	 

 

     

     

    

 

EXHIBIT U

to

TERM LOAN CREDIT AGREEMENT

 

FORM OF COMPLIANCE CERTIFICATE

 

This Compliance Certificate
is delivered to you pursuant to Subsection 7.2(a) of the Term Loan Credit Agreement, dated as of February 8, 2018 (as the
same may be amended, restated, amended and restated, supplemented, waived or otherwise modified from time to time, the “Credit
Agreement”), among NCI BUIILDING SYSTEMS, INC. (together with its successors and assigns, the “Borrower”),
the lenders from time to time party thereto (the “Lenders”) and CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as
administrative agent and collateral agent. Capitalized terms used herein and not otherwise defined herein are used herein as defined
in the Credit Agreement.

 

1.          I
am the duly elected, qualified and acting [Chief Financial Officer]81 of the Borrower.

 

2.          I
have reviewed and am familiar with the contents of this Compliance Certificate. I am providing this Compliance Certificate solely
in my capacity as an officer of the Borrower. To my knowledge, the matters set forth herein are true.

 

3.          I
have reviewed the terms of the Credit Agreement and the other Loan Documents and have made or caused to be made under my supervision
a review in reasonable detail of the transactions and condition of the Borrower and its Restricted Subsidiaries during the accounting
period covered by the financial statements attached hereto as ANNEX 1 (the “Financial Statements”). Such
review disclosed at the end of the accounting period covered by the Financial Statements, to my knowledge as of the date of this
Compliance Certificate, that [(i) the Financial Statements fairly present in all material respects the financial condition
of the Borrower and its Subsidiaries in conformity with GAAP and in reasonable detail and prepared in accordance with GAAP applied
consistently throughout the periods reflected therein and with prior periods that begin on or after the Closing Date (except as
disclosed therein or for the absence of footnotes) and (ii)]82 the Borrower
and its Restricted Subsidiaries have observed or performed all of its covenants and other agreements, and satisfied every condition,
contained in the Credit Agreement or the other Loan Documents to which it is a party to be observed, performed or satisfied by
it, and no Default or an Event of Default has occurred and is continuing [, except for _________]83.

 

 

		81	The Compliance Certificate may be signed by a Responsible
Officer of the Borrower, including (a) the chief executive officer or the president of such Person and, with respect to
financial matters, the chief financial officer, the treasurer or the controller or the VP–Treasury of such Person, (b)
any vice president of such Person or, with respect to financial matters, any assistant treasurer or assistant controller of such
Person, in each case who has been designated in writing to the Administrative Agent or the Collateral Agent as a Responsible Officer
by the chief executive officer or president of such Person or, with respect to financial matters, by the chief financial officer
of such Person.

 

		82	To be included only in Compliance Certificates accompanying
Quarterly Reports.

 

		83	To be included if there was a Default or Event of Default
during the applicable period. The Default or Event of Default should be described.

 

     

     

    

 

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Page 2

 

[4.          Attached
hereto as ANNEX 2 is the amount of (and the calculations required to establish the amount of) Excess Cash Flow for the most
recently completed fiscal year covered by such financial statements.]84

 

[5.          Attached
hereto as ANNEX 3 is a list setting forth any acquisition by the Grantors (as defined in the Guarantee and Collateral Agreement)
during the most recently completed fiscal year of (i) any registration of any United States Copyright, Patent or Trademark
(each as defined in the Guarantee and Collateral Agreement), in each case, material to the business of the Borrower and its Restricted
Subsidiaries, taken as a whole, or (ii) any exclusive rights under a United States Copyright License, Patent License or
Trademark License (each as defined in the Guarantee and Collateral Agreement), in each case, material to the business of the Borrower
and its Restricted Subsidiaries, taken as a whole, constituting Collateral (as defined in the Guarantee and Collateral Agreement),
as provided in Subsection 5.2.10 of the Guarantee and Collateral Agreement.]85

 

[6.        Attached
hereto as ANNEX 4 is a list setting forth any acquisition by the Grantors (as defined in the Guarantee and Collateral Agreement)
during the most recently completed fiscal year of any Commercial Tort Action (as defined in the Guarantee and Collateral Agreement)
and describing the details thereof, as provided in Subsection 5.2.12 of the Guarantee and Collateral Agreement.] 86

 

 

		84	Commencing with the delivery of the Compliance Certificate
for the fiscal year ending on or about October 31, 2019, to be included only (i) in Compliance Certificates accompanying
annual reports and (ii) if the Consolidated Secured Leverage Ratio as of the last day of the immediately preceding fiscal
year was greater than or equal to 2.50:1.00.

 

		85	To be included only in Compliance Certificates accompanying
annual financial statements, and only if there was any applicable Intellectual Property acquired by a Grantor (as defined in the
Guarantee and Collateral Agreement) during the immediately preceding fiscal year.

 

		86	To be included only in Compliance Certificates accompanying
annual financial statements, and only if there was any applicable Commercial Tort Action acquired by a Grantor (as defined in
the Guarantee and Collateral Agreement) during the immediately preceding fiscal year.

 

     

     

    

 

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Page
3

 

IN WITNESS WHEREOF, I have executed this
Compliance Certificate this ____ day of _________, 20__.

 

	 	NCI BUILDING SYSTEMS, INC.,
	 	as the Borrower
	 	 	 
	 	By:	 
	 	 	Name:  
	 	 	Title:  

 

     

     

    

 

ANNEX 1

 

[Applicable Financial
Statements to be Attached]

 

     

     

    

 

For the Quarter/Year ended _______________
(“Statement Date”)

 

ANNEX 2

to the Compliance Certificate

($ in 000’s)

 

Excess Cash Flow

 

		A.	Excess Cash Flow for the fiscal year ending on the
Statement Date.

 

	the sum, without duplication, of	 

 

	 	1.	Consolidated Net Income for such period:	 	 
	 	 	 	 	 
	 	(a)	The net income (loss) of the Borrower and its Restricted Subsidiaries, determined on a Consolidated basis in accordance with GAAP and before any reduction in respect of Preferred Stock dividends	 	$_____
	 	 	 	 	 
	 	 	Excluding each of the following:87	 	 
	 	 	 	 	 
	 	(i)	any net income (or loss) of any Person if such Person is not the Borrower or a Restricted Subsidiary, except that (A) the Borrower’s or any Restricted Subsidiary’s net income for such period shall be increased by the aggregate amount actually dividended or distributed or that (as determined by the Borrower in good faith, which determination shall be conclusive) could have been dividended or distributed by such Person during such period to the Borrower or a Restricted Subsidiary as a dividend or other distribution (subject, in the case of a dividend or other distribution to a Restricted Subsidiary, to the limitations contained in clause (ii) below), to the extent not already included therein, and (B) the Borrower’s or any Restricted Subsidiary’s equity in the net loss of such Person shall be included to the extent of the aggregate Investment of the Borrower or any of its Restricted Subsidiaries in such Person	 	$_____

 

 

		87	provided, further, that the exclusion of
any item pursuant to clauses (i) through (xiii) below shall also exclude the tax impact of any such item, if applicable.

 

     

     

    

 

	 	(ii)	any net income (loss) of any Restricted Subsidiary that is not a any net income (loss) of any Restricted Subsidiary that is not a Subsidiary Guarantor if such Restricted Subsidiary is subject to restrictions, directly or indirectly, on the payment of dividends or the making of similar distributions by such Restricted Subsidiary, directly or indirectly, to the Borrower by operation of the terms of such Restricted Subsidiary’s charter or any agreement, instrument, judgment, decree, order, statute or governmental rule or regulation applicable to such Restricted Subsidiary or its stockholders (other than (x) restrictions that have been waived or otherwise released, (y) restrictions pursuant to the Credit Agreement or the other Loan Documents or the ABL Facility Documents, and (z) restrictions in effect on the Closing Date with respect to a Restricted Subsidiary and other restrictions with respect to such Restricted Subsidiary that taken as a whole are not materially less favorable to the Lenders than such restrictions in effect on the Closing Date as determined by the Borrower in good faith, which determination shall be conclusive), except that (A) the Borrower’s equity in the net income of any such Restricted Subsidiary for such period shall be included in such Consolidated Net Income up to the aggregate amount of any dividend or distribution that was or that (as determined by the Borrower in good faith, which determination shall be conclusive) could have been made by such Restricted Subsidiary during such period to the Borrower or another Restricted Subsidiary (subject, in the case of a dividend that could have been made to another Restricted Subsidiary, to the limitation contained in this clause (ii)) and (B) the net loss of such Restricted Subsidiary shall be included to the extent of the aggregate Investment of the Borrower or any of its other Restricted Subsidiaries in such Restricted Subsidiary	 	$_____
	 	 	 	 	 
	 	(iii)	(x) any gain or loss realized upon the sale, abandonment or other disposition of any asset of the Borrower or any Restricted Subsidiary (including pursuant to any sale/leaseback transaction) that is not sold, abandoned or otherwise disposed of in the ordinary course of business (as determined by the Borrower in good faith, which determination shall be conclusive) and (y) any gain or loss realized upon the disposal, abandonment or discontinuation of operations of the Borrower or any Restricted Subsidiary	 	$_____

 

     

     

    

 

	 	(iv)	any extraordinary, unusual or nonrecurring gain, loss or charge (including fees, expenses and charges (or any amortization thereof) associated with the Transactions or any acquisition, merger or consolidation, whether or not completed), any severance, relocation, consolidation, closing, integration, facilities opening, business optimization, transition or restructuring costs, charges or expenses, any signing, retention or completion bonuses, and any costs associated with curtailments or modifications to pension and post-retirement employee benefit plans	 	$_____
	 	 	 	 	 
	 	(v)	the cumulative effect of a change in accounting principles	 	$_____
	 	 	 	 	 
	 	(vi)	all deferred financing costs written off and premiums paid in connection with any early extinguishment of Indebtedness or Hedging Obligations or other derivative instruments	 	$_____
	 	 	 	 	 
	 	(vii)	any unrealized gains or losses in respect of Hedge Agreements	 	$_____
	 	 	 	 	 
	 	(viii)	any unrealized foreign currency translation or transaction gains or losses, including in respect of Indebtedness of any Person denominated in a currency other than the functional currency of such Person	 	$_____
	 	 	 	 	 
	 	(ix)	any non-cash compensation charge arising from any grant of limited liability company interests, stock, stock options or other equity based awards	 	$_____
	 	 	 	 	 
	 	(x)	to the extent otherwise included in Consolidated Net Income, any unrealized foreign currency translation or transaction gains or losses, including in respect of Indebtedness or other obligations of the Borrower or any Restricted Subsidiary owing to the Borrower or any Restricted Subsidiary	 	$_____

 

     

     

    

 

	 	(xi)	any non-cash charge, expense or other impact attributable to application of the purchase or recapitalization method of accounting (including the total amount of depreciation and amortization, cost of sales or other non-cash expense resulting from the write-up of assets to the extent resulting from such purchase or recapitalization accounting adjustments), non-cash charges for deferred tax valuation allowances and non-cash gains, losses, income and expenses resulting from fair value accounting required by the applicable standard under GAAP	 	$_____
	 	 	 	 	 
	 	(xii)	any impairment charge or asset write-off, including any charge or write-off related to intangible assets, long-lived assets or investments in debt and equity securities, and any amortization of intangibles	 	$_____
	 	 	 	 	 
	 	 (xiii)	expenses related to the conversion of various employee benefit programs in connection with the Transactions, and non-cash compensation related expenses	 	$_____
	 	 	 	 	 
	 	(xiv)	any fees and expenses (or amortization thereof), and any charges or costs, in connection with any acquisition, Investment, Asset Disposition, issuance of Capital Stock, issuance, repayment or refinancing of Indebtedness, or amendment or modification of any agreement or instrument relating to any Indebtedness (in each case, whether or not completed, and including any such transaction consummated prior to the Closing Date)	 	$_____
	 	 	 	 	 
	 	(xv)	to the extent covered by insurance and actually reimbursed (or the Borrower has determined that there exists reasonable evidence that such amount will be reimbursed by the insurer and such amount is not denied by the applicable insurer in writing within 180 days and is reimbursed within 365 days of the date of such evidence (with a deduction in any future calculation of Consolidated Net Income for any amount so added back to the extent not so reimbursed within such 365 day period)), any expenses with respect to liability or casualty events or business interruption	 	$_____
	 	 	 	 	 
	 	 (xvi)	any expenses, charges and losses in the form of earn-out obligations and contingent consideration obligations (including to the extent accounted for as performance and retention bonuses, compensation or otherwise) and adjustments thereof and purchase price adjustments, in each case paid in connection with any acquisition, merger or consolidation or Investment	 	$_____
	 	 	 	 	 
	 	2.	Total (Item (A.1.a), excluding Items A.1.i through A.1.xvi)	 	$_____
	 	 	 	 	 
	 	3.	an amount equal to the amount of all non-cash charges to the extent deducted in calculating such Consolidated Net Income and cash receipts to the extent excluded in calculating such Consolidated Net Income (except to the extent such cash receipts are attributable to revenue or other items that would be included in calculating Consolidated Net Income for any prior period)	 	$_____

 

     

     

    

 

	 	4.	decreases in Consolidated Working Capital88 for such period (other than any such decreases arising (x) from any acquisition or disposition of (a) any business unit, division, line of business or Person or (b) any assets other than in the ordinary course of business (each, an “ECF Acquisition” or “ECF Disposition”, respectively) by the Borrower and the Restricted Subsidiaries completed during such period, (y) from the application of purchase accounting or (z) as a result of the reclassification of any balance sheet item from short-term to long-term or vice versa)	 	$_____
	 	 	 	 	 
	 	5.	an amount equal to the aggregate net non-cash loss on Asset Dispositions (or any disposition specifically excluded from the definition of the term “Asset Disposition”) by the Borrower and the Restricted Subsidiaries during such period (other than in the ordinary course of business) to the extent deducted in calculating such Consolidated Net Income	 	$_____
	 	 	 	 	 
	 	6.	cash receipts in respect of Hedge Agreements during such period to the extent not otherwise included in calculating such Consolidated Net Income	 	$_____
	 	 	 	 	 
	 	7.	any extraordinary, unusual or nonrecurring cash gain	 	$_____
	 	 	 	 	 
	 	8.	Total (Sum of Items A.2 through A.7)	 	$_____

 

	B.	over the sum, without duplication, of	 	$_____

 

	 	1.	an amount equal to the amount of all non-cash credits included in calculating such Consolidated Net Income and cash charges to the extent not deducted in calculating such Consolidated Net Income;	 	$_____
	 	 	 	 	 
	 	2.	[reserved];	 	$_____

 

 

		88	“Consolidated Working Capital”: at any date, the excess of (a) the sum
of all amounts (other than cash, Cash Equivalents and Temporary Cash Investments) that are or would, in conformity with GAAP, be
set forth opposite the caption “total current assets” (or any like caption) on a consolidated balance sheet of the
Borrower at such date excluding the current portion of current and deferred income taxes over (b) the sum of all amounts
that are or would, in conformity with GAAP, be set forth opposite the caption “total current liabilities” (or any like
caption) on a consolidated balance sheet of the Borrower on such date, including deferred revenue but excluding, without duplication,
(i) the current portion of any Funded Debt, (ii) all Indebtedness consisting of Loans to the extent otherwise included
therein, (iii) the current portion of interest and (iv) the current portion of current and deferred income taxes.

 

     

     

    

 

	 	3.	the aggregate amount of all principal payments, purchases or other retirements of Indebtedness of the Borrower and the Restricted Subsidiaries (including (A) the principal component of payments in respect of Financing Lease Obligations (B) the amount of any repayment of Term Loans pursuant to Subsection 2.2(b) of the Credit Agreement, (C) the amount of a mandatory prepayment of Term Loans pursuant to Subsection 4.4(b)(i) of the Credit Agreement and any mandatory prepayment, repayment or redemption of Pari Passu Indebtedness pursuant to requirements under the agreements governing such Pari Passu Indebtedness similar to the requirements set forth in Subsection 4.4(b)(i) of the Credit Agreement (as determined by the Borrower in good faith, which determination shall be conclusive), to the extent required due to an Asset Disposition (or any disposition specifically excluded from the definition of the term “Asset Disposition”) that resulted in an increase to Consolidated Net Income and not in excess of the amount of such increase, but excluding (x) all other prepayments of Loans, (y) all prepayments of ABL Facility Loans and (z) all prepayments of revolving loans (other than Revolving Loans hereunder), to the extent there is not an equivalent permanent reduction in commitments thereunder) made during such period (except to the extent financed with the proceeds of long-term Indebtedness of the Borrower or the Restricted Subsidiaries);	 	$_____

 

	 	4.	an amount equal to the aggregate net non-cash gain on Asset Dispositions (or any disposition specifically excluded from the definition of the term “Asset Disposition”) by the Borrower and the Restricted Subsidiaries during such period (other than in the ordinary course of business) to the extent included in calculating such Consolidated Net Income;	 	$_____
	 	 	 	 	 
	 	5.	increases in Consolidated Working Capital for such period (other than any such increases arising (x) from any ECF Acquisition or ECF Disposition by the Borrower and the Restricted Subsidiaries completed during such period, (y) from the application of purchase accounting or (z) as a result of the reclassification of any balance sheet item from short-term to long-term or vice versa),	 	$_____
	 	 	 	 	 
	 	6.	payments by the Borrower and the Restricted Subsidiaries during such period in respect of long-term liabilities of the Borrower and the Restricted Subsidiaries other than Indebtedness, to the extent not already deducted in calculating Consolidated Net Income;	 	$_____
	 	 	 	 	 
	 	7.	[reserved];	 	$_____

 

     

     

    

 

	 	8.	the amount of Restricted Payments (other than Investments) made in cash during such period (on a consolidated basis) by the Borrower and the Restricted Subsidiaries pursuant to Subsection 8.2(b) of the Credit Agreement (other than Subsection 8.2(b)(vi) of the Credit Agreement), to the extent such Restricted Payments were financed with internally generated cash flow of the Borrower and the Restricted Subsidiaries;	 	$_____
	 	 	 	 	 
	 	9.	the aggregate amount of expenditures actually made by the Borrower and the Restricted Subsidiaries in cash during such period (including expenditures for the payment of financing fees) to the extent that such expenditures are not expensed during such period and are not deducted in calculating Consolidated Net Income;	 	$_____
	 	 	 	 	 
	 	10.	the aggregate amount of any premium, make-whole or penalty payments actually paid in cash by the Borrower and the Restricted Subsidiaries during such period that are made in connection with any prepayment of Indebtedness to the extent that such payments are not deducted in calculating Consolidated Net Income;	 	$_____
	 	 	 	 	 
	 	11.	[reserved];	 	$_____
	 	 	 	 	 
	 	12.	the amount of (x) Permitted Payments made pursuant to subsection 8.2(b)(vii)(B) of the Credit Agreement or with respect to Related Taxes pursuant to Subsection 8.2(b)(vii)(C) of the Credit Agreement or (y) taxes (including penalties and interest) paid in cash or tax reserves set aside or payable (without duplication) in such period to the extent they exceed the amount of tax expense deducted in calculating such Consolidated Net Income for such period;	 	$_____
	 	 	 	 	 
	 	13.	cash expenditures in respect of Hedge Agreements during such period to the extent not deducted in calculating such Consolidated Net Income; and	 	$_____

 

     

     

    

 

	 	14.	(v) any extraordinary, unusual or nonrecurring cash loss or charge (including fees, expenses, charges (or any amortization thereof) associated with the Transactions or any acquisition, merger or consolidation, whether or not completed), (w) any fees and expenses (or amortization thereof), and any charges or costs, in connection with any acquisition, Investment, Asset Disposition, issuance of Capital Stock, issuance, repayment or refinancing of Indebtedness, or amendment or modification of any agreement or instrument relating to any Indebtedness (in each case, whether or not completed, after the date hereof or any accounting change, and including any such transaction consummated prior to the date hereof), (x) any severance, relocation, consolidation, closing, integration, facilities opening, business optimization, transition or restructuring costs, charges or expenses, (y) any signing, retention or completion bonuses and (z) any costs associated with curtailments or modifications to pension and post-retirement employee benefit plans, in each case, to the extent not already deducted in calculating Consolidated Net Income;	 	$_____
	 	 	 	 	 
	 	15.	Total (Sum of Items B.1 through B.14)	 	$_____
	 	 	 	 	 
	 	C.	Excess Cash Flow (Item A.8 – Item B.15)	 	$_____

 

     

     

    

 

ANNEX 3

[Applicable Acquired Intellectual Property
for Guarantee and Collateral Agreement to be Listed.]

 

     

     

    

 

ANNEX 4

 

[Applicable Acquired Commercial Tort Actions
for Guarantee and Collateral Agreement to be Listed.]

 

     

     

    

 

EXHIBIT V

to

TERM LOAN CREDIT AGREEMENT

 

Form
of Tax Sharing Agreement

 

[See
Attached.]

 

     

     

    

 

	PRIVILEGED AND CONFIDENTIAL	EXHIBIT V

to

TERM LOAN CREDIT AGREEMENT

 

FORM OF TAX SHARING AGREEMENT

 

This Tax
Sharing Agreement (the “Agreement”), dated as of [●], is made and entered into between [●],
a [●] (“Parent”) and [●], a [●] (the “Company”).89

 

WITNESSETH:

 

WHEREAS, the parties hereto desire to provide
for the allocation of liabilities, procedures to be followed, and other matters with respect to Combined Taxes (as defined below).

 

NOW, THEREFORE, in
consideration of the mutual covenants and promises contained herein and other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:

 

Article
I

 

DEFINITIONS

 

		1.	Definitions.

 

Actual Tax Amount: shall have the
meaning set forth in Article III, Section 2 of this Agreement.

 

Agreement: shall
have the meaning set forth in the preamble.

 

Code: shall
mean the Internal Revenue Code of 1986, as amended.

 

Combined Tax:
shall mean any Tax in respect of a Combined Tax Group.

 

Combined Tax Group: shall
mean any consolidated, combined, unitary or affiliated group (a) of which the Company or any of its Subsidiaries was or
is, or was or is required to be, a member for any Tax year and (b) of which a Parent Entity was or is, or was or is required
to be, the common parent for such Tax year for purposes of paying Taxes or filing a Tax Return.

 

 

		89	This form agreement assumes the Company will be treated
as a corporation for U.S. federal, state and local income tax purposes at the time this agreement is entered into. In the event
that the Company is not treated as a corporation for U.S. federal, state and local income tax purposes, the Company may revise
this agreement in such a manner as necessary or appropriate to enable the parties to make payments based upon the amounts that
would be payable if the Company were treated as a corporation for U.S. federal, state and local income tax purposes.

 

     

     

    

 

Combined Tax Return: shall
mean any Tax Return with respect to any Combined Tax.

 

Combined Tax Return Year:
shall mean any Tax year for which a Combined Tax Return is, or is required to be, filed by a Parent Entity.

 

Company: shall have the
meaning set forth in the preamble.

 

Company Group: shall mean,
with respect to any Combined Tax, a subgroup of the relevant Combined Tax Group, whose member or members shall include each member
of such Combined Tax Group that is either the Company or a Subsidiary of the Company.

 

Effective Time: shall
mean [●].

 

IRS: shall mean the United
States Internal Revenue Service, including, but not limited to, its authorized
agents and representatives and, in the case of a litigated controversy, the attorneys representing it.

 

Parent: shall have the
meaning set forth in the preamble.

 

Parent Entity: shall mean
Parent, [●] and any other Subsidiary of Parent other than the Company or any Subsidiary of the Company.

 

Person: shall mean any
individual, corporation, partnership, joint venture, association, joint-stock company, limited liability company, trust, unincorporated
organization, government or any agency or political subdivision thereof or any other entity.

 

Separate Tax Amount: shall
have the meaning set forth in Article III, Section 1 of this Agreement.

 

Subsidiary: shall mean,
with respect to any Person at any time, any corporation, association, partnership, limited liability company or other business
entity of which more than 50% of the total voting power of shares of capital stock or other equity 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) such Person or (b) one or more Subsidiaries
of such Person.

 

Tax: shall mean any federal,
state, local or foreign income, alternative minimum, accumulated earnings, personal holding company, franchise, capital stock,
net worth, profits, windfall profits, gross receipts, modified gross receipts, gross margin, sales, use, value added, transfer,
registration, stamp, premium, excise, customs duties, severance, environmental (including taxes under section 59A of the Code),
real property, personal property, ad valorem, rent, occupancy, license, occupation, employment, payroll, social security, disability,
unemployment, workers’ compensation, withholding, estimated or other similar tax, duty, fee, assessment or other governmental
charge or deficiencies thereof (including all interest and penalties thereon and additions thereto).

 

    	 	4	 

     

    

 

Tax Return: shall mean
any federal, state, local or foreign Tax return, declaration, statement, report, schedule, form or information return or any amendment
to any of the foregoing relating to Taxes.

 

Taxing Authority: shall
mean, with respect to any Tax, the governmental entity or political subdivision thereof that imposes such Tax, and the agency (if
any) charged with the collection of such Tax for such entity or subdivision.

 

Treasury Regulations:
shall mean the regulations prescribed under the Code.

 

		2.	Successors.

 

References to the Company or
a Parent Entity shall include any successor thereto or any Person with respect to which the Company or such Parent Entity, respectively,
is the successor.

 

Article
II

 

PROCEDURAL MATTERS

 

		1.	The applicable Parent Entity shall have the responsibility for the preparation and filing of each Combined Tax Return for each
Combined Tax with respect to which it is the common parent, including any amended returns and any other returns, documents or statements
required to be filed with any Taxing Authority relating to such Combined Tax Return. Parent shall, or shall cause the applicable
Parent Entity to, file all such Combined Tax Returns on a timely basis, taking into account extensions of the due date for the
filings of such returns.

 

		2.	The Company shall, and shall cause each of its Subsidiaries that is eligible to be a member of the relevant Combined Tax Group
to, join and continue to join in filing a Combined Tax Return with respect to each jurisdiction for all Tax years for which the
Company or such Subsidiary, as the case may be, is eligible to do so under the applicable Tax law, unless an applicable Parent
Entity shall, as permitted under the applicable Tax law, request otherwise.

 

		3.	The applicable Parent Entity shall have the right to exercise all powers of a common parent with respect to each relevant Combined
Tax Return or Combined Tax.

 

		4.	The applicable Parent Entity shall be the agent and attorney-in-fact of the Combined Tax Group of which such Parent Entity
is the common parent and of each member of such group in respect of any and all matters relating to any Combined Tax of such group
for all Combined Tax Return Years. In its sole discretion, such Parent Entity shall have the right with respect to each such Combined
Tax Return (a) to determine (i) the manner in which such Combined Tax Return shall be prepared and filed,
including, without limitation, the manner in which any item of income, gain, loss, deduction or credit shall be reported and the
adoption or change of any method of accounting, (ii) whether any extensions may be requested and (iii) the
elections that will be made by each member of the Combined Tax Group for which such Combined Tax Return is filed, (b) to
contest, compromise or settle any adjustment or deficiency proposed, asserted or assessed as a result of any audit of such return
by any Taxing Authority, (c) to file, prosecute, compromise or settle any claim for refund and (d) to determine
whether any refund to which such Combined Tax Group may be entitled shall be paid by way of refund or credited against the Combined
Tax liability of such group. The Company hereby irrevocably appoints, and shall cause each of its Subsidiaries that is a member
of each such Combined Tax Group to irrevocably appoint, such Parent Entity as its agent and attorney-in-fact to take such action
(including the execution of documents) as such Parent Entity may deem appropriate to effect the foregoing.

 

    	 	5	 

     

    

 

		5.	The Company shall, and shall as appropriate cause each of its Subsidiaries that is a member of a Combined Tax Group to, reimburse
the applicable Parent Entity for (a) any outside legal and accounting expenses incurred by such Parent Entity in the course
of the conduct of any audit or contest regarding a Combined Tax liability of such group, (b) any other expenses incurred
by such Parent Entity in the course of any litigation or proceeding relating thereto and (c) any cost incurred by such Parent
Entity in connection with preparing or filing any Combined Tax Return or otherwise administering this Agreement with respect to
such group.

 

		6.	The Company shall, and shall cause each of its Subsidiaries that is a member of a Combined Tax Group to, furnish to the
applicable Parent Entity in a timely manner such information, documents and other assistance, in each case as such Parent Entity
may reasonably request in connection with the preparing or filing of each Combined Tax Return with respect to such group or any
audit or examination by any Taxing Authority or any judicial or administrative proceeding relating to a Combined Tax of such group
or otherwise with respect to this Agreement or any transaction contemplated hereby.

 

		7.	Notwithstanding anything to the contrary in this Agreement, Parent shall have the right to direct the Company, on behalf of
any Parent Entity, (a) to prepare and file any Combined Tax Return, (b) to calculate any payment described in Article
III and (c) to undertake any other Tax matters (including any audit or contest) with respect to any Combined Tax Return
for which any Parent Entity is responsible under the applicable Tax laws or this Agreement. The Company shall act diligently with
respect to any such Tax matter in a timely fashion until otherwise directed by Parent.

 

    	 	6	 

     

    

 

Article
III

 

TAX PAYMENTS

 

		1.	The Separate Tax Amount with respect to a Combined Tax Return for a Combined Tax Return Year shall be the Tax liability that
would be reflected on a separate consolidated, combined, unitary or affiliated Tax Return of the Company Group corresponding to
such Combined Tax Return, applying the same tax accounting methods, elections and return positions as are applied in such corresponding
Combined Tax Return; provided that, in calculating the Separate Tax Amount, (a) any carryovers of net operating losses,
net capital losses, excess tax credits or other tax attributes of the Company Group, determined assuming that members of such Company
Group had not been in existence before the Effective Time, shall be taken into account to the extent such carryovers could have
been utilized by the Company Group if such Company Group had never been included in the relevant Combined Tax Group, but only to
the extent the Parent Entity of such Combined Tax Group utilizes such carryovers, (b) any provision of the Code that requires
consolidated computations, such as sections 861 and 1231, and any similar provision with respect to any other Combined Tax,
shall be applied separately to the Company Group and (c) Treasury Regulations section 1.1502-13, and any similar provisions
with respect to any other Combined Tax, shall be applied as if the Company Group were not a part of the relevant Combined Tax Group.
For purposes of this Article III, Section 1, a carryover of the Company Group will be treated as utilized by a Parent Entity
to the extent that the actual Tax liability of the relevant Combined Tax Group is less than the Tax liability of such Combined
Tax Group determined without giving effect to such carryover. Parent shall, or shall cause the applicable Parent Entity to, calculate
each applicable Separate Tax Amount.

 

		2.	For each Combined Tax Return Year, the Company shall timely pay (or shall cause to be timely paid), on behalf of the applicable
Parent Entity, to the applicable Taxing Authority any Combined Taxes required to be paid (including estimated payments relating
thereto) with respect to each Combined Tax Return required to be filed by such Parent Entity for such Combined Tax Return Year.
If the Separate Tax Amount corresponding to such Combined Tax Return for such Combined Tax Return Year exceeds the amount paid
by the Company to the applicable Taxing Authority with respect to such Combined Tax Return for such Combined Tax Return Year (such
amount, the “Actual Tax Amount”), the Company shall pay (or shall cause to be paid) to Parent such excess, and
if such Actual Tax Amount exceeds such Separate Tax Amount, then Parent shall pay to the Company such excess.

 

		3.	To the extent that any audit, litigation, claim or refund with respect to a Combined Tax Return results in any additional amount
of Combined Taxes due by any applicable Parent Entity relating to the treatment of a Company Group item, a corresponding adjustment
shall be made to such item and to the Company Group’s applicable Separate Tax Amount and Actual Tax Amount. The Company shall,
and shall as appropriate cause any of its Subsidiaries that is a member of the relevant Combined Tax Group to, timely pay, on behalf
of such Parent Entity, such amount to the applicable Taxing Authority.

 

		4.	All calculations made by a Parent Entity under this Agreement shall be binding upon the parties hereto absent manifest error.

 

    	 	7	 

     

    

 

		5.	Any payment required to be made between Parent and the Company pursuant to this Agreement shall be made in accordance with
the method for settling intercompany accounts that is generally in effect between Parent and the Company at the time of such payment
or in such other manner as Parent may direct.

 

Article
IV

 

INTEREST

 

		1.	Any amount owed by any party to the other party pursuant to this Agreement which is not paid when due may bear interest from
the due date until paid at then prevailing unsecured cost of funds to the party owing such amount.

 

Article
V

 

MISCELLANEOUS PROVISIONS

 

		1.	Any information or documents furnished by one party to another pursuant to this Agreement shall be treated as confidential
and, except as, and to the extent, required during the course of an audit or litigation or otherwise required by law, shall not
be disclosed to another Person without the consent, which shall not be unreasonably withheld, of the first party.

 

		2.	All payments to be made by any party under this Agreement shall, except to the extent otherwise specifically provided herein,
be made without setoff, counterclaim or withholding, all of which are expressly waived.

 

		3.	Nothing in this Agreement shall be construed to require a party hereto to pay any liability or obligation arising under this
Agreement more than once.

 

		4.	If due to any change in applicable law, regulations, or interpretation thereof after the date of this Agreement, performance
of any provision of this Agreement or any transaction contemplated thereby shall become impracticable or impossible, the parties
hereto shall use their best efforts to find and employ an alternative means to achieve the same or substantially the same result
as that contemplated by such provision.

 

		5.	This Agreement shall be binding upon and inure to the benefit of any successor to each of the parties, by merger, acquisition
of assets or otherwise, to the same extent as if the successor had been an original party to this Agreement.

 

		6.	This Agreement shall be governed by and construed in accordance with the laws of the State of New York without giving effect
to the rules or principles of conflict of laws thereof, to the extent the same are not mandatorily applicable by statute and would
permit or require the application of the laws of another jurisdiction.

 

    	 	8	 

     

    

 

		7.	This Agreement may be executed simultaneously in one or more counterparts, each of which will be deemed an original, but all
of which when taken together shall constitute one and the same instrument.

 

		8.	The headings in this Agreement are for convenience only and shall not be deemed for any purpose to constitute a part or to
affect the interpretation of this Agreement.

 

		9.	This Agreement may be amended from time to time by agreement in writing executed by all the parties hereto or all of the parties
then bound thereby. This Agreement constitutes the entire agreement with respect to the subject matter hereof and supersedes all
prior written and oral understandings with respect thereto.

 

		10.	Any notice, request or other communication required or permitted in this Agreement shall be in writing and shall be sufficiently
given if personally delivered or if sent by registered or certified mail, postage prepaid, addressed as follows:

 

If to a Parent Entity
or the Company:

 

[●]

 

With copies to

 

[●]

 

In each case, with a copy to
(which shall not constitute notice):

Debevoise & Plimpton LLP

919 Third Avenue

New York, New York 10022

Attention: [●]

Facsimile: [●]

Clayton, Dubilier & Rice,
LLC

375 Park Avenue, 18th Floor

New York, New York 10152

Attention: [●]

Facsimile: [●]

 

or to such other address as set forth in
writing by either party to the other in accordance with this section.

 

[REMAINDER OF THE PAGE INTENTIONALLY LEFT
BLANK]

 

    	 	9	 

     

    

 

IN WITNESS WHEREOF, the parties hereto
have caused this Agreement to be duly executed by their authorized representatives.

 

		[●]
	

	 	 	 

	 	By:	 
	 	 	Name: 
	 	 	
        Title: 

 

[Signature Page to Tax Sharing Agreement]

 

     

     

    

 

		[●]
	

 

	 	By:	 
	 	 	Name: 
	 	 	
        Title: 

 

[Signature Page to Tax Sharing Agreement]

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