Document:

Exhibit 10.17

 

EXECUTION VERSION

 

 

$1,375,000,000

CREDIT AGREEMENT

among

Atlantic aviation fbo holdings llc,

as Holdings,

and

 

ATLANTIC AVIATION FBO INC.,

as Borrower,

The Several Lenders and the Issuing Lenders from Time to Time Parties Hereto,

JPMORGAN CHASE BANK, N.A.,

as Administrative Agent and Collateral Agent,

 

CITIZENS BANK, N.A.,

CRÉDIT AGRICOLE CORPORATE AND INVESTMENT
BANK,

MIZUHO BANK, LTD.,

RBC CAPITAL MARKETS,

SUNTRUST BANK,

and

U.S. BANK NATIONAL ASSOCIATION,

as Co-Documentation Agents,

 

JPMORGAN CHASE BANK, N.A.,

MERRILL LYNCH, PIERCE, FENNER & SMITH
INCORPORATED,

COMPASS BANK dba BBVA COMPASS,

REGIONS CAPITAL MARKETS, A DIVISION OF REGIONS
BANK,

and

WELLS FARGO SECURITIES,

as Joint Bookrunners,

and

JPMORGAN CHASE BANK, N.A.,

MERRILL LYNCH, PIERCE, FENNER & SMITH
INCORPORATED,

COMPASS BANK dba BBVA COMPASS,

REGIONS CAPITAL MARKETS, A DIVISION OF REGIONS
BANK,

and

WELLS FARGO SECURITIES

as Joint Lead Arrangers

Dated as of December 6, 2018

 

     

     

    

Table
of Contents

 

	 	 	Page
	Section 1.	DEFINITIONS	1
	 	 	 
	1.1	Defined Terms	1
	1.2	Other Definitional Provisions	44
	1.3	LCT Election	45
	1.4	Fixed and Non-Fixed Baskets; Available Amount and Contribution Amount Transactions	46
	Section 2.	AMOUNT AND TERMS OF COMMITMENTS	46
	 	 	 
	2.1	Term Commitments	46
	2.2	Procedure for Term Loan Borrowing	47
	2.3	Repayment of Term Loans	47
	2.4	Revolving Commitments	47
	2.5	Procedure for Revolving Loan Borrowing	47
	2.6	[Reserved.]	48
	2.7	[Reserved.]	48
	2.8	Repayment of Loans	48
	2.9	Commitment Fees, etc.	49
	2.10	Termination or Reduction of Revolving Commitments	49
	2.11	Optional Prepayments	49
	2.12	Mandatory Prepayments	50
	2.13	Conversion and Continuation Options	52
	2.14	Minimum Amounts and Maximum Number of Eurodollar Tranches	52
	2.15	Interest Rates and Payment Dates	53
	2.16	Computations of Interest and Fees	53
	2.17	Inability to Determine Interest Rate; Alternate Interest Rate	53
	2.18	Pro Rata Treatment and Payments	55
	2.19	Requirements of Law	58
	2.20	Taxes	59
	2.21	Indemnity	63
	2.22	Illegality	63
	2.23	Mitigation of Costs; Change of Lending Office	63
	2.24	Replacement of Lenders	64
	2.25	Incremental Facilities	65
	2.26	Incremental Equivalent Debt	68
	2.27	Defaulting Lenders	70
	2.28	Cash Collateral	72
	2.29	Extensions of Term Loans and Revolving Commitments	73
	2.30	Refinancing Debt	75
	Section 3.	LETTERS OF CREDIT	78
	 	 	 
	3.1	L/C Commitment	78
	3.2	Procedure for Issuance of Letter of Credit	79
	3.3	Fees and Other Charges	79
	3.4	L/C Participations	80
	3.5	Reimbursement Obligation of the Borrower	80
	3.6	Obligations Absolute	81
	3.7	Letter of Credit Payments	81
	3.8	Applications	82

 

    	i

     

    

 

Table
of Contents

(continued)

 

	 	 	Page
	Section 4.	REPRESENTATIONS AND WARRANTIES	82
	 	 	 
	4.1	Financial Condition	82
	4.2	No Change	82
	4.3	Existence; Compliance with Law	83
	4.4	Organizational Power; Authorization; Enforceable Obligations	83
	4.5	No Legal Bar	83
	4.6	No Material Litigation	83
	4.7	No Default	84
	4.8	Ownership of Property; Liens	84
	4.9	Intellectual Property	84
	4.10	Taxes	84
	4.11	Use of Proceeds; Federal Regulations	85
	4.12	ERISA	85
	4.13	Investment Company Act	85
	4.14	Subsidiaries	85
	4.15	Environmental Matters	86
	4.16	Accuracy of Information, etc.	86
	4.17	Security Documents	86
	4.18	Solvency	87
	4.19	Labor Matters	87
	4.20	Patriot Act; OFAC; Anti-Corruption Laws	87
	4.21	Material Contracts	88
	4.22	Senior Indebtedness	88
	4.23	Special Flood Hazard Properties	88
	4.24	Not an EEA Financial Institution	88
	Section 5.	CONDITIONS PRECEDENT	88
	 	 	 
	5.1	Conditions to Initial Extension of Credit	88
	5.2	Conditions to Each Extension of Credit	90
	Section 6.	AFFIRMATIVE COVENANTS	91
	 	 	 
	6.1	Financial Statements	91
	6.2	Certificates; Other Information	92
	6.3	Payment of Taxes	93
	6.4	Conduct of Business and Maintenance of Existence, etc.; Compliance	93
	6.5	Maintenance of Property; Insurance	93
	6.6	Books and Records; Inspection of Property; Discussions	95
	6.7	Notices	95
	6.8	Additional Collateral, etc.	96
	6.9	Further Assurances	98
	6.10	Use of Proceeds	99
	6.11	Environmental	99
	6.12	Quarterly Lenders Conference Call	99
	6.13	Conduct of Business	99
	6.14	Designation of Unrestricted Subsidiaries	99
	6.15	Post-Closing Matters	99

 

    	ii

     

    

 

Table
of Contents

(continued)

 

	 	 	Page
	Section 7.	NEGATIVE COVENANTS	100
	 	 	 
	7.1	Financial Covenant	100
	7.2	Indebtedness	101
	7.3	Liens	104
	7.4	Fundamental Changes	107
	7.5	Dispositions of Property	108
	7.6	Restricted Payments	111
	7.7	Investments	113
	7.8	Optional Payments of Certain Indebtedness; Modifications of Certain Agreements and Instruments	116
	7.9	Transactions with Affiliates	117
	7.10	Changes in Fiscal Periods	117
	7.11	Negative Pledge Clauses	118
	7.12	Clauses Restricting Subsidiary Distributions	118
	7.13	Sale Leaseback Transactions	119
	7.14	Limitation on Activities of Holdings	119
	7.15	Compliance with Sanctions and Money Laundering Laws	119
	7.16	Transfer of Airport Leases to Unrestricted Subsidiaries	120
	Section 8.	EVENTS OF DEFAULT	120
	 	 	 
	8.1	Events of Default	120
	Section 9.	THE AGENTS	123
	 	 	 
	9.1	Appointment	123
	9.2	Delegation of Duties	124
	9.3	Exculpatory Provisions	124
	9.4	Reliance by the Agents	125
	9.5	Non-Reliance on Agents and Other Lenders	125
	9.6	Indemnification	126
	9.7	Agent in Its Individual Capacity	126
	9.8	Successor Agents	127
	9.9	Authorization to Release Liens and Guarantees	127
	9.10	Lead Arrangers	127
	9.11	Administrative Agent May File Proofs of Claim	128
	9.12	Certain ERISA Matters	128
	9.13	Posting of Communications	130
	Section 10.	MISCELLANEOUS	131
	 	 	 
	10.1	Amendments and Waivers	131
	10.2	Notices	133
	10.3	No Waiver; Cumulative Remedies	135
	10.4	Survival of Representations and Warranties	135
	10.5	Payment of Expenses; Indemnification; Limitation of Liability	136
	10.6	Successors and Assigns; Participations and Assignments	137
	10.7	Adjustments; Set-off	144
	10.8	Counterparts	145
	10.9	Severability	145
	10.10	Integration	145

 

    	iii

     

    

 

Table
of Contents

(continued)

 

	 	 	Page
	10.11	GOVERNING LAW	145
	10.12	Submission to Jurisdiction; Waivers	146
	10.13	Acknowledgments	146
	10.14	Confidentiality	147
	10.15	Release of Collateral and Guarantee Obligations; Subordination of Liens	148
	10.16	Accounting Changes	149
	10.17	WAIVERS OF JURY TRIAL	149
	10.18	PATRIOT ACT	149
	10.19	No Advisory or Fiduciary Responsibility	149
	10.20	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	150

 

    	iv

     

    

 

APPENDICES:

 

	A-1	Revolving Commitments
	A-2	Term Commitments

 

SCHEDULES:

 

	1.1A	Closing Date Indebtedness
	3.1(a)	Existing Letters of Credit
	4.4	Consents, Authorizations, Filings and Notices
	4.8A	Excepted Property
	4.8B	Real Property
	4.14	Subsidiaries
	4.17(a)	UCC and Other Filings
	4.21	Material Contractual Obligations
	6.15	Post-Closing Matters
	7.2(d)	Existing Indebtedness
	7.3(f)	Existing Liens
	7.7(i)	Existing Investments
	7.9	Existing Transactions with Affiliates
	7.11	Existing Negative Pledge Clauses
	7.12	Existing Clauses Restricting Subsidiary Distributions

 

EXHIBITS:

 

	A-1	Form of Notice of Borrowing
	A-2	Form of Conversion/Continuation Notice
	B	Form of Guarantee and Collateral Agreement
	C	Form of Compliance Certificate
	D	Form of Closing Certificate
	E-1	Form of Assignment and Assumption
	E-2	Form of Affiliated Lender Assignment and Assumption
	F	Form of Solvency Certificate
	G	Form of Prepayment Notice
	H-1	Form of Promissory Note (Revolving Loans)
	H-2	Form of Promissory Note (Term Loans)
	I-1	Form of Tax Compliance Certificate (for Foreign Lenders that Are Not Partnerships for U.S. Federal Income Tax Purposes)
	I-2	Form of Tax Compliance Certificate (for Foreign Participants that Are Not Partnerships for U.S. Federal Income Tax Purposes)
	I-3	Form of Tax Compliance Certificate (for Foreign Participants that Are Partnerships for U.S. Federal Income Tax Purposes)
	I-4	Form of Tax Compliance Certificate (for Foreign Lenders that Are Partnerships for U.S. Federal Income Tax Purposes)

 

    	v

     

    

 

CREDIT AGREEMENT, dated
as of December 6, 2018 (this “Agreement”), among ATLANTIC AVIATION FBO HOLDINGS LLC, a Delaware limited liability
company (“Holdings”), ATLANTIC AVIATION FBO INC., a Delaware corporation (the “Borrower”),
the several banks and other financial institutions or entities from time to time parties to this Agreement (the “Lenders”)
and JPMorgan Chase Bank, N.A., as administrative agent (in such capacity, together with its successors and permitted assigns, the
“Administrative Agent”) and collateral agent (in such capacity, together with its successors and permitted assigns,
the “Collateral Agent”).

 

WITNESSETH:

 

WHEREAS, the Borrower
seeks (a) $1,025,000,000 first lien term loan financing, the proceeds of which shall be used (i) first, to refinance and terminate
in full the Closing Date Indebtedness of the Borrower and release and discharge in full all guarantees and collateral provided,
in each case, in connection therewith (collectively, the “Closing Date Refinancing”), (ii) second, to pay a
dividend in an amount not to exceed any amounts remaining after giving effect to the foregoing clause (i) (x) to redeem in full
$350,000,000 aggregate principal amount of the Sponsor’s outstanding 2.875% Convertible Senior Notes due July 15, 2019 and
(y) as a return of equity contributions made by the Sponsor prior to the date hereof (the proceeds of which were used by the Borrower
to repay revolving loans under the Closing Date Indebtedness) in an amount not to exceed $300,000,000 (such dividend under this
clause (ii), the “Closing Date Distribution”), (iii) to pay related fees and expenses associated with
the foregoing, and (iv) for general corporate purposes, and (b) $350,000,000 in revolving credit financing, up to $35,000,000 of
which shall be available on the Closing Date for the making of Revolving Loans to be used in the manner described in the immediately
preceding clauses (a)(i), (ii) and (iii), and for the issuance of Letters of Credit (other than the Existing
Letters of Credit), and the remainder thereof to fund working capital requirements, Permitted Acquisitions and general corporate
purposes;

 

WHEREAS, the Lenders
are willing to make the credit facilities described herein available to the Borrower upon and subject to the terms and conditions
hereinafter set forth;

 

WHEREAS, the Borrower
has agreed to secure all of its Obligations by granting to the Collateral Agent, for the benefit of the Secured Parties, a first
priority Lien on substantially all of its assets, including a pledge of the Capital Stock of each of its Restricted Subsidiaries,
in each case, to the extent required by the Loan Documents; and

 

WHEREAS, the Guarantors
have agreed to guarantee the Obligations of the Borrower and to secure such Obligations by granting to the Collateral Agent, for
the benefit of the Secured Parties, a first priority Lien on substantially all of their respective assets, including a pledge of
the Capital Stock of each of their respective Restricted Subsidiaries, in each case, to the extent required by the Loan Documents.

 

NOW, THEREFORE, in consideration
of the premises and the agreements hereinafter set forth, the parties hereto hereby agree as follows:

 

Section 1.        DEFINITIONS

 

1.1          Defined
Terms. As used in this Agreement (including the preamble and recitals hereof),
the terms listed in this Section shall have the respective meanings set forth in this Section.

 

    	1

     

    

 

“ABR”:
for any day, a fluctuating rate per annum equal to the greatest of (x) the Prime Rate in effect on such day, (y) the NYFRB
Rate in effect on such day plus 1⁄2 of 1.00% and (z) the one-month reserve adjusted Eurodollar Rate on such day (or if such
day is not a Business Day, the immediately preceding Business Day) plus 1.00%; provided that for the purpose of this definition,
the Eurodollar Rate for any day shall be based on the LIBO Screen Rate (or if the LIBO Screen Rate is not available for such one
month Interest Period, the Interpolated Rate) at approximately 11:00 a.m. London time on such day. Any change in the ABR due to
a change in the Prime Rate, the NYFRB Rate or the Eurodollar Rate shall be effective from and including the effective date of such
change in the Prime Rate, the NYFRB Rate or the Eurodollar Rate, respectively. If the ABR is being used as an alternate rate of
interest pursuant to Section 2.17 hereof, then the ABR shall be the greater of clause (x) and (y) above and shall be determined
without reference to clause (z) above. For the avoidance of doubt, if the ABR shall be less than zero, such rate shall be deemed
to be zero for purposes of this Agreement.

 

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

 

“Accounting
Changes”: as defined in Section 10.16.

 

“Acquisition”:
any acquisition of a majority controlling interest in the Capital Stock, or all or substantially all of the assets, of any Person,
or of all or substantially all of the assets constituting a division, product line or business line of any Person.

 

“Acquired EBITDA”:
with respect to any Acquired Entity or Business for any period, the amount for such period of Consolidated EBITDA of such Acquired
Entity or Business (determined as if references to the Borrower and its Restricted Subsidiaries in the definition of Consolidated
EBITDA were references to such Acquired Entity or Business and its Restricted Subsidiaries), all as determined on a consolidated
basis for such Acquired Entity or Business.

 

“Acquired Entity
or Business”: as defined in the definition of “Consolidated EBITDA”.

 

“Administrative
Agent”: as defined in the preamble hereto.

 

“Affiliate”:
as to any Person, any other Person that, 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 means the power, directly or indirectly to
direct or cause the direction of the management and policies of such Person, in either case whether by contract or otherwise.

 

“Affiliated
Lender”: a Lender that is the Sponsor or an Affiliate of the Sponsor (excluding any Purchasing Borrower Party) or the
Sponsor’s manager, Macquarie Infrastructure Management (USA) Inc., or an Affiliate thereof (excluding any Purchasing Borrower
Party), in each case, including any fund managed or controlled thereby, or any investment scheme or similar vehicle or separate
managed account related thereto.

 

“Affiliated
Lender Assignment and Assumption”: an Affiliated Lender Assignment and Assumption, substantially in the form of Exhibit
E-2 hereto.

 

“Agent-Related
Persons”: each Agent, together with its Related Parties.

 

“Agents”:
the collective reference to the Collateral Agent and the Administrative Agent.

 

“Agreed Purposes”:
as defined in Section 10.14.

 

“Agreement”:
as defined in the preamble hereto.

 

    	2

     

    

 

“Anti-Corruption
Law”: each of (i) the United States Foreign Corrupt Practices Act of 1977, (ii) the Corruption of Foreign Public Officials
Act and (iii) the Bribery Act 2010, in each case, as amended from time to time, and (iv) any other applicable similar laws, rules
and regulations relating to bribery or corruption.

 

“Applicable
Indebtedness”: as defined in the definition of “Weighted Average Life to Maturity”.

 

“Applicable
Margin”: for any day, shall mean a percentage per annum equal to, with respect to (a)(i) Term Loans that are ABR Loans,
3.75% and (ii) Term Loans that are Eurodollar Loans, 2.75% and (b)(i) Revolving Loans that are ABR Loans, (ii) Revolving Loans
that are Eurodollar Loans and (iii) commitment fees payable pursuant to Section 2.9, the applicable percentage per annum
set forth below under the caption “ABR Margin”, “Eurodollar Margin” or “Commitment Fee Rate”
opposite the applicable Consolidated Total Leverage Ratio then in effect:

 

	Pricing 

Level	 	Consolidated Total Leverage

 Ratio	 	ABR 

Margin	 	Eurodollar 

Margin	 	Commitment Fee

 Rate
	I	 	≤ 2.00x	 	0.50%	 	1.50%	 	0.25%
	II	 	≤ 2.75x	 	0.75%	 	1.75%	 	0.30%
	III	 	≤ 3.50x	 	1.00%	 	2.00%	 	0.30%
	IV	 	> 3.50x	 	1.25%	 	2.25%	 	0.35%

 

provided that for purposes of clause
(b) of this definition, (i) the initial Applicable Margin shall be as set forth in Level IV and (ii) any increase or decrease
in the Applicable Margin resulting from a change in the Consolidated Total Leverage Ratio shall become effective as of the first
Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.2(a) (commencing
following the first fiscal quarter ending after the Closing Date); provided if a Compliance Certificate is not delivered
when due in accordance with such Section 6.2(a), then, upon the request of the Required Lenders (or if an Event of Default
under Section 8.01(f) has occurred and is then continuing, automatically without the consent of any Lender), Pricing Level
IV shall apply, in each case as of the first Business Day after the date on which such Compliance Certificate was required to have
been delivered and in each case shall remain in effect until the first Business Day following the date on which such Compliance
Certificate is delivered; provided further that the Applicable Margin for any New Term Loans shall be set forth in the relevant
Incremental Joinder Agreement.

 

“Application”:
an application, in such form as the relevant Issuing Lender may specify from time to time, requesting such Issuing Lender to open
a Letter of Credit.

 

“Approved Electronic
Platform” has the meaning assigned to it in Section 9.13(a).

 

“Approved Fund”:
as defined in Section 10.6(b).

 

    	3

     

    

 

“Asset Sale”:
(a) any Disposition (or series of related Dispositions) of Property by the Borrower or any of its Restricted Subsidiaries (excluding
any such Disposition permitted by Section 7.5 (other than clauses (e), (f) and (q) thereof, and provided
that in the case of any such Disposition permitted by clause (t) thereof, only the amount of Net Cash Proceeds received
therefrom in excess of the original amount of the related Investment made with the Contribution Amount shall be considered Net
Cash Proceeds from an Asset Sale)), in any case which yields Net Cash Proceeds to the Borrower or any of its Restricted Subsidiaries
(valued at the then current principal amount thereof in the case of non-cash proceeds consisting of notes or other debt securities
and valued at fair market value in the case of other non-cash proceeds) in excess of $10,000,000 for such Disposition (or series
of related Dispositions) and (b) in the case of a Restricted Subsidiary, the issuance or sale (or series of related issuances or
sales) of any shares of such Restricted Subsidiary’s Capital Stock to any Person (other than a Loan Party) yielding Net Cash
Proceeds in excess of $10,000,000.

 

“Assignee”:
as defined in Section 10.6(b).

 

“Assignment
and Assumption”: an Assignment and Assumption, substantially in the form of Exhibit E-1 or any other form (including
electronic records generated by the use of an electronic platform) approved by the Administrative Agent.

 

“Audited Financial
Statements”: the Borrower’s audited consolidated balance sheet as of December 31, 2017 and the related consolidated
statements of income or operations, shareholders’ equity and cash flows, including the notes thereto, each for the three
fiscal years ended December 31, 2015, December 31, 2016 and December 31, 2017, reported on by and accompanied by an unqualified
report by KPMG LLP.

 

“Available Amount”:
at any time (the “Available Amount Reference Time”), an amount (which shall not be less than zero) equal to
the sum (without duplication in the case of clauses (a)(2) through (a)(9)) of:

 

(a)(1)the greater
of (x) $50,000,000 and (y) 20% of Consolidated EBITDA (as determined for the four fiscal quarters most recently ended of the Borrower
and in respect to which financial statements have been delivered pursuant to Sections 6.1(a) or (b)); plus

 

(2)       the
amount (which amount shall not be less than zero) from the date that is the first day of the initial fiscal quarter of the Borrower
ended after the Closing Date to the end of Borrower’s most recently ended fiscal quarter equal to 50% of the cumulative Consolidated
Net Income of Borrower and its Restricted Subsidiaries for the period (this clause (a)(2), the “Earnings Component”);
plus

 

(3)       the
amount of any Net Cash Proceeds from any issuance of Qualified Capital Stock (or issuance of debt securities that have been converted
into or exchanged for Qualified Capital Stock) received by or made to the Borrower (or by Holdings or any Parent Holding Company
and contributed by such parent to the Borrower) during the period from and including the Business Day immediately following the
Closing Date through to and including the Available Amount Reference Time, other than (w) the amount of any Cure Amount, (x) to
the extent utilized in connection with any incurrence of Indebtedness permitted pursuant to Section 7.2(r), (y) to the extent
applied to prepay the Term Loans pursuant to Section 2.12(c), and (z) to the extent utilized to build the Contribution Amount,
and in each case, not otherwise applied, during the period from and including the Business Day immediately following the Closing
Date through and including the Available Amount Reference Time; plus

 

(4)       the
amount of any common cash capital contributions (including mergers or consolidations that have a similar effect) received by the
Borrower during the period from and including the Business Day immediately following the Closing Date through to and including
the Available Amount Reference Time, other than (x) the amount of any Cure Amount, (y) to the extent utilized in connection with
any incurrence of Indebtedness permitted pursuant to Section 7.2(r) and (z) to the extent utilized to build the Contribution
Amount, and in each case, not otherwise applied, during the period from and including the Business Day immediately following the
Closing Date through and including the Available Amount Reference Time; plus

 

    	4

     

    

 

(5)       the
cash proceeds of any Indebtedness and Disqualified Capital Stock of the Borrower and any of its Restricted Subsidiaries issued
(other than Disqualified Stock issued to the Borrower or any of its Restricted Subsidiaries) during the period from and including
the Business Day immediately following the Closing Date through to and including the Available Amount Reference Time, which has
been converted into or exchanged for Qualified Capital Stock of the Borrower, the Holdings or any Parent Holding Company, other
than (x) the amount of any Cure Amount and (y) to the extent utilized to build the Contribution Amount, and in each case, not otherwise
applied, during the period from and including the Business Day immediately following the Closing Date through and including the
Available Amount Reference Time; plus

 

(6)       the
Net Cash Proceeds received by the Borrower or any Restricted Subsidiary from any Disposition of permitted Investments made with
the Available Amount (with respect to each Investment, up to the original amount thereof made with the Available Amount) and in
each case, not otherwise applied, during the period from and including the Business Day immediately following the Closing Date
through to and including the Available Amount Reference Time; plus

 

(7)       returns,
profits, distributions and similar amounts received in cash or Cash Equivalents by the Borrower and its Restricted Subsidiaries
from permitted Investments made with the Available Amount (with respect to each Investment, up to the original amount thereof made
with the Available Amount) and in each case, not otherwise applied, during the period from and including the Business Day immediately
following the Closing Date through to and including the Available Amount Reference Time; plus

 

(8)       the
amount of any permitted Investments by the Borrower or any Restricted Subsidiary in any Unrestricted Subsidiary with the Available
Amount that has been re-designated as a Restricted Subsidiary or has been merged, consolidated or amalgamated with or into, or
is liquidated, would up or dissolved into, the Borrower or any Restricted Subsidiary in an amount not to exceed the fair market
value (as reasonably determined by the Borrower in good faith) of the original amount of such Investment made with the Available
Amount, and in each case, not otherwise applied, during the period from and including the Business Day immediately following the
Closing Date through to and including the Available Amount Reference Time;

 

(9)       the
aggregate amount of Retained Declined Proceeds plus prepayment amounts declined by a lender or holder of Indebtedness for borrowed
money of the Borrower or any of its Restricted Subsidiaries that is secured on a pari passu basis with the Term Facility
(“Pari Passu Indebtedness”) pursuant to a mandatory prepayment, redemption or offer applicable to such Pari
Passu Indebtedness and retained by the Borrower, and in each case, not otherwise applied, during the period from the Business Day
immediately following the Closing Date through and including the Available Amount Reference Time; minus

 

(b)       the
sum of (x) the aggregate original amount of any Investments made by the Borrower or any Restricted Subsidiary pursuant to Section 7.7(dd),
and (y) any payments or distributions in respect of any Junior Indebtedness made pursuant to Section 7.8(a)(iv), in
each case during the period commencing on the Closing Date through to and including the Available Amount Reference Time.

 

    	5

     

    

 

“Available Revolving
Commitment”: as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s
Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding.

 

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

 

“Bankruptcy
Code”: the Federal Bankruptcy Reform Act of 1978 (11 U.S.C. §101, et seq.), as amended and in effect from
time to time and the regulations issued from time to time thereunder.

 

“Basket”:
any amount, threshold, exception or value (including by reference to the Consolidated First Lien Leverage Ratio, the Consolidated
Total Leverage Ratio, Consolidated EBITDA or Consolidated Total Assets) permitted or prescribed with respect to any Lien, Indebtedness,
Asset Sale, Investment, Restricted Payment, payment of Junior Indebtedness, transaction, action, judgment or amount under any provision
in this Agreement or any other Loan Document.

 

“Beneficial
Ownership Certification” means a certification regarding beneficial ownership or control as required by the Beneficial
Ownership Regulation which shall be substantially similar to the form of Certification Regarding Beneficial Owners of Legal Entity
Customers published jointly, in May 2018, by the Loan Syndications and Trading Association and Securities Industry and Financial
Markets Association or any other form of certification as agreed by the Borrower and the applicable Lender requesting such Beneficial
Ownership Certification.

 

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

 

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

 

“Benefited Lender”:
as defined in Section 10.7(a).

 

“Board”:
the Board of Governors of the Federal Reserve System of the United States (or any successor).

 

“Borrower”:
as defined in the preamble hereto.

 

“Borrowing Date”:
any Business Day specified by the Borrower as a date on which the Borrower requests the relevant Lenders to make Loans hereunder.

 

“Building”:
a structure with at least two walls and a roof.

 

“Business”:
the business and any services, activities or businesses incidental or reasonably related or similar to any business or line of
business engaged in by the Borrower or its Restricted Subsidiaries as of the Closing Date or any business or business activity
that is a reasonable extension, development or expansion thereof or ancillary thereto or any business conducted by a Qualified
Tax Transaction Subsidiary.

 

    	6

     

    

 

“Business Day”:
a day other than a Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by law to
close; provided that, when used in connection with a Eurodollar Loan, the term “Business Day” shall also exclude
any day on which banks are not open for dealings in dollar deposits in the London interbank market.

 

“Capital Expenditures”:
for any period, the aggregate amount incurred that would, in accordance with GAAP, be included on the consolidated balance sheet
of the Borrower and its Restricted Subsidiaries as additions to equipment, fixed assets, real property or improvements or other
capital assets (including, without limitation, Capital Lease Obligations) (other than any such amounts (i) made to restore, replace,
develop, maintain, improve, upgrade or rebuild property to the condition of such property immediately prior to any damage, loss,
destruction or condemnation of such property, to the extent such expenditure is made with, or subsequently reimbursed out of, insurance
proceeds, indemnity payments, condemnation awards (or payments in lieu of) or damage recovery proceeds or other settlements relating
to any such damage, loss, destruction or condemnation, (ii) made by the Borrower or any of its Restricted Subsidiaries as a tenant
in leasehold improvements, to the extent reimbursed by the landlords, or (iii) made as payment of the consideration for any Permitted
Acquisition permitted by Section 7.7(e) (including any property, plant and equipment obtained as a part thereof)).

 

“Capital Lease
Obligations”: as to any Person, the obligations of such Person to pay rent or other amounts under any lease of (or other
arrangement conveying the right to use) real or personal property, or a combination thereof, to the extent such obligations are
required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP and, for the purposes
of this Agreement, the amount of such obligations at any time shall be the capitalized amount thereof at such time determined in
accordance with GAAP; provided that, notwithstanding the foregoing, in no event will any lease that would have been categorized
as an operating lease as determined in accordance with GAAP as of the Closing Date, be considered a capital lease for purposes
of this definition as a result of any changes in GAAP subsequent to the Closing Date.

 

“Capital Stock”:
any and all shares, interests, participations or other equivalents (however designated) of capital stock of a corporation, and
any and all equivalent ownership interests in a Person (other than a corporation) and any and all warrants, rights or options to
purchase any of the foregoing.

 

“Cash Collateralize”:
to pledge and deposit with or deliver to the Administrative Agent, for the benefit of the Administrative Agent, any Issuing Lender
and the Lenders, as collateral for L/C Obligations or obligations of Lenders to fund participations in respect of either thereof
(as the context may require), cash or deposit account balances or, if the applicable Issuing Lender benefiting from such collateral
agrees in its sole discretion, other credit support, in each case pursuant to documentation in form and substance reasonably satisfactory
to (a) the Administrative Agent and (b) the applicable Issuing Lender (which documents are hereby consented to by the
Lenders).

 

“Cash Collateral”
shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support.

 

“Cash Equivalents”:
(a) direct obligations issued by, or unconditionally guaranteed by, the United States government or issued by any agency thereof
and backed by the full faith and credit of the United States, in each case maturing within one year from the date of acquisition;

 

    	7

     

    

 

(b) certificates of deposit,
time deposits, eurodollar time deposits or overnight bank deposits having maturities of one year or less from the date of acquisition
issued by any Lender or by any commercial bank organized under the laws of the United States or any state thereof having combined
capital and surplus of not less than $500,000,000;

 

(c) commercial paper
of an issuer rated at least A-2 by S&P or P-2 by Moody’s, or carrying an equivalent rating by a nationally recognized
rating agency if both of the two named rating agencies cease publishing ratings of commercial paper issuers generally, and maturing
within one year from the date of acquisition;

 

(d) repurchase obligations
of any Lender or of any commercial bank satisfying the requirements of clause (b) of this definition, having a term of not more
than 30 days with respect to securities issued or fully guaranteed or insured by the United States government;

 

(e) securities with maturities
of one year or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United
States, by any political subdivision or taxing authority of any such state, commonwealth or territory or by any foreign government,
the securities of which state, commonwealth, territory, political subdivision, taxing authority or foreign government (as the case
may be) are rated at least A by S&P or A by Moody’s;

 

(f) securities with maturities
of one year or less from the date of acquisition backed by standby letters of credit issued by any Lender or any commercial bank
satisfying the requirements of clause (b) of this definition;

 

(g) shares of money market
mutual or similar funds which invest exclusively in assets satisfying the requirements of any of clauses (a) through (f)
of this definition;

 

(h) marketable short-term
money market and similar funds (x) either having assets in excess of $500,000,000 or (y) having a rating of at least A-2 or P-2
from either S&P or Moody’s (or, if at any time neither S&P nor Moody’s shall be rating such obligations, an
equivalent rating from another nationally recognized rating agency); or

 

(i) other short-term
investments utilized by Foreign Subsidiaries in accordance with the normal investment practices for cash management in investments
of a type analogous to the foregoing.

 

“Cash Management
Counterparty”: any Person that (a) is a party to a Cash Management Document that was a Lender or Agent at the time any
such Cash Management Document was entered into or an Affiliate of such a Lender or Agent or (b) with respect to any Cash Management
Document in effect as of the Closing Date, is, as of the Closing Date or within 90 days thereafter, a Lender or Agent or an Affiliate
of such a Lender or Agent, in each case in its capacity as party to a Cash Management Document.

 

“Cash Management
Document”: any certificate, agreement or other document executed by the Borrower or its Restricted Subsidiaries in respect
of the Cash Management Obligations of the Borrower or any Restricted Subsidiary.

 

“Cash Management
Obligation”: with respect to the Borrower and its Restricted Subsidiaries, any direct or indirect liability, contingent
or otherwise, of any such Person in respect of cash management services (including treasury, depository, overdraft, credit or debit
card, electronic funds transfer and other cash management arrangements) provided on or after the date hereof (regardless of whether
these or similar services were provided prior to the date hereof by the Administrative Agent, any Lender or any Affiliate of any
of them) by the Administrative Agent, any Lender or any Affiliate of any of them, including obligations for the payment of fees,
interest, charges, expenses, attorneys’ fees and disbursements in connection therewith.

 

    	8

     

    

 

“Certificated
Security”: as defined in the Guarantee and Collateral Agreement.

 

“Change of Control”:
the occurrence of any of the following:

 

(i)          prior
to an IPO, the Sponsor or any of its Affiliates shall fail to own and control, directly or indirectly, beneficially and of record,
shares representing at least 51% of the aggregate ordinary voting power represented by the issued and outstanding equity interests
of Holdings;

 

(ii)         after
an IPO, any “person” or “group” (within the meaning of Rule 13d-5 of the Securities Exchange Act as in
effect on the date hereof), other than the Sponsor or any of its Affiliates (or any “group” (within the meaning of
Rule 13d-5 of the Securities Exchange Act as in effect on the date hereof) of which the Sponsor or any of its Affiliates is a member,
but only if and for so long as the Sponsor or any of its Affiliates beneficially owns more than 50% of the relevant voting stock
of Holdings owned, directly or indirectly, by such “group”), shall own, directly or indirectly, beneficially or of
record, shares representing more than 25% of the aggregate ordinary voting power represented by the issued and outstanding Capital
Stock of Holdings, unless the Sponsor or any of its Affiliates shall own more than such person or group; or

 

(iii)        Holdings
shall cease to directly own, beneficially and of record, 100% of the issued and outstanding equity interests of the Borrower.

 

“Chattel Paper”:
as defined in the Guarantee and Collateral Agreement.

 

“Claims”:
as defined in the definition of “Environmental Claims”.

 

“Closing Date”:
the date on which the conditions precedent set forth in Sections 5.1 and 5.2 shall have been satisfied or waived
and the initial Loans hereunder shall have been funded.

 

“Closing Date
Distribution”: as defined in the preamble hereto.

 

“Closing Date
Indebtedness”: the Indebtedness of the Borrower listed on Schedule 1.1A attached hereto.

 

“Closing Date
Refinancing”: as defined in the recitals hereto.

 

“Closing Date
Term Loans”: the Term Loans made on the Closing Date.

 

“Co-Documentation
Agent”: each of Citizens Bank, N.A., Crédit Agricole Corporate and Investment Bank, Mizuho Bank, Ltd., RBC Capital
Markets, SunTrust Bank and U.S. Bank National Association, in their respective capacity as a co-documentation agent.

 

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

 

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

 

“Collateral
Agent”: as defined in the preamble hereto.

 

    	9

     

    

 

“Commitment”:
as to any Lender, the Term Commitment, the New Term Commitment (if any) and/or the Revolving Commitment of such Lender.

 

“Committed Reinvestment
Amount”: as defined in the definition of “Reinvestment Prepayment Amount”.

 

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

 

“Commonly Controlled
Entity”: any trade or business, whether or not incorporated, that together with Borrower or Holdings is under common
control or treated as a single employer within the meaning of Section 414(b), (c), (m), or (o) of the Code.

 

“Commonly Controlled
Plan”: as defined in Section 4.12(c).

 

“Communications”:
as defined in Section 9.13(d).

 

“Compliance
Certificate”: a certificate duly executed by a Responsible Officer substantially in the form of Exhibit C.

 

“Confidential
Information”: as defined in Section 10.14.

 

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

 

“Consolidated
Current Assets”: as at any date of determination, the total assets of the Borrower and its Restricted Subsidiaries on
a consolidated basis at such date that may properly be classified as current assets in conformity with GAAP, excluding cash and
Cash Equivalents.

 

“Consolidated
Current Liabilities”: at any date of determination, all amounts that 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 and its
Restricted Subsidiaries at such date, but excluding (a) the current portion of any Indebtedness of the Borrower and its Restricted
Subsidiaries and (b) without duplication, all Indebtedness consisting of Revolving Loans, to the extent otherwise included therein.
For the avoidance of doubt, Consolidated Current Liabilities shall not include accrued interest or accrued taxes, deferred taxes,
income taxes payable, fair value of derivative instruments, accrual of amounts payable pursuant to the Services Agreement that
will only be paid in lieu of Restricted Payments that would have been permitted to be made at the time of such payment or current
portion of Long-Term Indebtedness of Holdings, the Borrower or any of its Restricted Subsidiaries.

 

    	10

     

    

 

“Consolidated
EBITDA”: for any period, Consolidated Net Income for such period plus, without duplication and to the extent already
deducted (and not added back) in arriving at such Consolidated Net Income (other than with respect to clause (j) below),
(A) the sum of: (a) income tax expense (and franchise taxes in the nature of income taxes) and foreign withholding tax expense
for such period and any state single business unitary or similar tax, (b) Consolidated Interest Expense and, to the extent not
reflected in Consolidated Interest Expense, amortization or write-off of debt discount and debt issuance costs and commissions,
discounts and other fees and charges associated with Indebtedness and any losses on hedging obligations or other derivative instruments
entered into for the purpose of hedging interest rate risk, (c) depreciation and amortization expense, (d) amortization of intangibles
(including, but not limited to, goodwill impairment), (e) Non-Cash Charges, (f) proceeds of business interruption insurance received
during such period (to the extent not reflected as revenue or income in such period), (g) charges, losses, or expenses incurred
to the extent covered by indemnification or refunding provisions in any document, including those pertaining to any Acquisition
consummated prior to the Closing Date, or any insurance, in each case, to the extent so reimbursed, (h) any charges, losses or
expenses related to signing, retention, relocation, recruiting or completion bonuses or recruiting costs, severance costs, transition
costs, curtailments or modifications to pension and post-retirement employee benefit plans (including any settlement of pension
liabilities), pre-opening, opening, closing and consolidation costs and expenses with respect to any facilities, facility start-up
costs, costs and expenses relating to implementation of operational and reporting systems and technology initiatives, costs incurred
in connection with product and intellectual property development and new systems design, project start-up costs, integration and
systems establishment costs, business optimization expenses or costs (including costs and expenses relating to intellectual property
restructurings) and cash restructuring charges, expenses and reserves, collectively not to exceed 15% of Consolidated EBITDA for
such period as otherwise determined, (i) non-cash expenses allocated to the Borrower or any of its Restricted Subsidiaries by the
Sponsor pursuant to the Services Agreement and any cash expenses paid during such period in accordance with the terms of the Services
Agreement that are paid in lieu of Restricted Payments that would have been permitted to be made at the time of such payment and
(j) the amount of “run rate” cost savings, operating expense reductions and synergies in connection with any Permitted
Acquisition or any restructurings, cost savings initiatives and other initiatives after the Closing Date and projected by the Borrower
in good faith to result from actions taken, committed to be taken or expected to be taken no later than eighteen (18) months after
the end of such period (which “run rate” cost savings, operating expense reductions and synergies shall be calculated
on a pro forma basis as though such “run rate” cost savings, operating expense reductions and synergies had
been realized on the first day of the period for which Consolidated EBITDA is being determined and realized during the entirety
of such period and each subsequent period through the period ending on the last day of the third fiscal quarter commencing after
the end of the fiscal quarter in which such pro forma adjustment was originally made, and without duplication of any pro
forma adjustment for any such subsequent period that would otherwise be permitted under this clause (j) with respect
to the same cost savings, operating expense reductions and synergies), net of the amount of actual benefits realized during such
period from such actions; provided that such “run rate” cost savings, operating expense reductions and synergies
are reasonably identifiable and factually supportable (in the good faith determination of the Borrower) (it being understood that
pro forma adjustments need not be prepared in compliance with Regulation S-X); provided further that (1) any such add-backs
under this clause (j) that are not in compliance with Regulation S-X shall not exceed 15% of Consolidated EBITDA for the
applicable four-quarter period (calculated prior to giving effect to any such add-backs); (2) no cost-saving synergies may be added
pursuant to this clause (j) to the extent duplicative of any expenses or charges relating thereto that are either excluded
in computing Consolidated Net Income or included (i.e., added back) in computing Consolidated EBITDA for such period; and (3) such
adjustments may be incremental to (but not duplicative of) any Pro Forma Adjustments and provided, further, that,
in the case of any non-cash charge referred to in this definition of Consolidated EBITDA (or Non-Cash Charges) that relates to
an accrual or reserve for a future cash payment, such future cash payment shall be deducted from Consolidated EBITDA in the period
when such cash is so disbursed or, without duplication, if such accrual or reverse is reduced such reduction shall be deducted
from Consolidated EBITDA in the period when such reduction occurs; minus, without duplication and to the extent included
in the statement of such Consolidated Net Income for such period, (B) the sum of (I) any unusual or non-recurring income or gains,
(II) income tax credits (to the extent not netted from income tax expense), (III) any other non-cash income or gain and (IV) any
interest income and gains on hedging or other derivative instruments entered into for the purpose of hedging interest rate risk,
provided that Consolidated EBITDA shall be calculated without giving effect to (x) any gains or losses from Asset Sales
and (y) any gain or loss recognized in determining Consolidated Net Income for such period in respect of post-retirement benefits
as a result of the application of Financial Accounting Standards Board Statement No. 106; and provided, further,
that in the case of any non-cash item referred to in clause (B) of this definition of Consolidated EBITDA (or Non-Cash Charges)
that relates to a future cash payment to the Borrower or a subsidiary, such future cash payment shall be added to Consolidated
EBITDA in the period when such payment is so received by the Borrower or such subsidiary. In addition, (i) there shall be included
in determining Consolidated EBITDA for any period, without duplication, Acquired EBITDA of any Person acquired pursuant to a Permitted
Acquisition by the Borrower or any of its Restricted Subsidiaries during such period (but not the Acquired EBITDA of any related
Person or business to the extent not so acquired), to the extent not subsequently sold, transferred or otherwise disposed of by
the Borrower or such Restricted Subsidiary during such period (each such Person or business acquired and not subsequently so disposed
of, an “Acquired Entity or Business”), based on the actual Acquired EBITDA of such Acquired Entity or Business
for such period (including the portion thereof occurring prior to such Acquisition) and the Pro Forma Adjustments, if any, applicable
thereto; and (ii) there shall be excluded in determining Consolidated EBITDA for any period the Disposed EBITDA of any Person,
property, business transferred or otherwise disposed of, closed or classified as discontinued operations by the Borrower or any
of its Restricted Subsidiaries during such period (each such Person, property, business so sold or disposed of, a “Sold
Entity or Business”), based on the actual Disposed EBITDA of such Sold Entity or Business for such period (including
the portion thereof occurring prior to such sale, transfer or Disposition).

 

    	11

     

    

 

“Consolidated
First Lien Debt”: as of any date of determination, Consolidated Total Debt outstanding on such date that is secured by
a Lien on any asset or property of the Borrower or any Restricted Subsidiary but excluding any such Indebtedness in which the applicable
Liens are subordinated to the Liens securing the Obligations.

 

“Consolidated
First Lien Leverage Ratio”: as at the last day of any fiscal quarter of the Borrower, the ratio of (a) Consolidated First
Lien Debt of the Borrower and its Restricted Subsidiaries on such day to (b) Consolidated EBITDA of the Borrower and its Restricted
Subsidiaries for the four fiscal quarter period ending on such date.

 

“Consolidated
Interest Expense”: for any period, total interest expense (including that attributable to Capital Lease Obligations),
net of interest income, of the Borrower and its Restricted Subsidiaries for such period with respect to all outstanding Indebtedness
of the Borrower and its Restricted Subsidiaries (including all commissions, discounts and other fees and charges owed with respect
to letters of credit and bankers’ acceptance financing and net costs under swap agreements in respect of interest rates to
the extent such net costs are allocable to such period in accordance with GAAP).

 

“Consolidated
Net Income”: for any period, the consolidated net income (or loss) of the Borrower and its Restricted Subsidiaries, determined
on a consolidated basis in accordance with GAAP excluding, without duplication, (a) extraordinary, unusual or non-recurring items
for such period, (b) the cumulative effect of a change in accounting principles during such period, to the extent included in such
net income (loss), (c) cash costs in connection with the Transactions, (d) any non-recurring fees and expenses incurred during
such period, or any amortization thereof for such period, in connection with any actual or proposed Acquisition, investment, asset
disposition, sale of any Restricted Subsidiary of the Borrower, issuance or repayment of Indebtedness, issuance of equity interests
(including in connection with any registration of securities or exchange offer), refinancing transaction or amendment or modification
of any debt instrument and any charges or non-recurring merger costs incurred during such period as a result of any such actual
or proposed transaction, (e) any earnouts, purchase price adjustments or similar obligations in connection with any Acquisition,
investment, asset disposition or sale of any Restricted Subsidiary of the Borrower or any business or assets of the Borrower or
any of its Restricted Subsidiaries, (f) the after-tax effect of any income (or loss) for such period attributable to the early
extinguishment of Indebtedness (or any cancellation of Indebtedness), (g) the income (or deficit) of any Person accrued prior
to the date it becomes a Restricted Subsidiary or is merged into or consolidated with the Borrower or any of its Restricted Subsidiaries,
(h) the income (or deficit) of any Unrestricted Subsidiary or any other Person (other than a Restricted Subsidiary) in which the
Borrower or any of its Restricted Subsidiaries has an ownership interest, except to the extent that any such income is actually
received by the Borrower or such Restricted Subsidiary in the form of dividends or similar distributions during such period, (i)
any amounts distributed to Holdings pursuant to Section 7.6(c), and (j) the undistributed earnings of any Restricted Subsidiary
(other than a Guarantor) of the Borrower to the extent that the declaration or payment of dividends or similar distributions by
such Restricted Subsidiary is not at the time permitted by the terms of any Contractual Obligation (other than under any Loan Document)
or Requirement of Law applicable to such Restricted Subsidiary.

 

    	12

     

    

 

“Consolidated
Total Assets”: at any date, all amounts that would, in conformity with GAAP, be set forth opposite the caption “total
assets” (or any like caption) on a consolidated balance sheet of the Borrower and its Restricted Subsidiaries at such date.

 

“Consolidated
Total Debt”: as of any date of determination, the aggregate principal amount of Indebtedness of the Borrower and its
Restricted Subsidiaries on a consolidated basis outstanding on such date of the types described in clauses (a), (c),
(e), (g) and (h) of the definition of Indebtedness (but in the case of clause (h), only as it relates
to Indebtedness of the type referred to in clauses (a), (c), (e) and (g) of such definition); minus
unrestricted cash and Cash Equivalents as shown on the balance sheet on a consolidated basis of the Borrower and its Restricted
Subsidiaries of up to $100,000,000.

 

“Consolidated
Total Leverage Ratio”: as at the last day of any fiscal quarter of the Borrower, the ratio of (a) Consolidated Total
Debt as of such day to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for the four fiscal quarter period
ending on such date.

 

“Consolidated
Working Capital”: as of any date of determination, with respect to the Borrower and its Restricted Subsidiaries on a
consolidated basis, Consolidated Current Assets at such date of determination minus Consolidated Current Liabilities at such date
of determination; provided that, increases or decreases in Consolidated Working Capital shall be calculated without regard
to any changes in Consolidated Current Assets or Consolidated Current Liabilities as a result of (i) any reclassification
in accordance with GAAP of assets or liabilities, as applicable, between current and non-current or (ii) the effects of purchase
accounting.

 

“Contract Consideration”:
as defined in the definition of “Excess Cash Flow”.

 

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

 

“Contribution
Amount”: at any time (the “Contribution Amount Reference Time”), an amount (which shall not be less
than zero) equal to the sum (without duplication in the case of clauses (a)(1) through (a)(3)) of:

 

(a)(1)the amount
of any Net Cash Proceeds from any issuance of Qualified Capital Stock (or issuance of debt securities that have been converted
into or exchanged for Qualified Capital Stock) received by or made to the Borrower (or by Holdings or any Parent Holding Company
and contributed by such parent to the Borrower), other than (w) the amount of any Cure Amount, (x) to the extent utilized in connection
with any incurrence of Indebtedness permitted pursuant to Section 7.2(r), (y) to the extent applied to prepay the Term Loans
pursuant to Section 2.12(c), and (z) to the extent utilized to build the Available Amount, in each case during the period
from and including the Business Day immediately following the Closing Date through and including the Contribution Amount Reference
Time; plus

 

    	13

     

    

 

(2)       the
amount of any common cash capital contributions (including mergers or consolidations that have a similar effect) received by or
made to the Borrower, other than (x) the amount of any Cure Amount, (y) to the extent utilized in connection with any incurrence
of Indebtedness permitted pursuant to Section 7.2(r) and (z) to the extent utilized to build the Available Amount, in each
case during the period from and including the Business Day immediately following the Closing Date through and including the Contribution
Amount Reference Time; plus

 

(3)       the
cash proceeds of any Indebtedness (other than Subordinated Sponsor Indebtedness) and Disqualified Capital Stock of the Borrower
and any of its Restricted Subsidiaries issued after the Closing Date (other than Disqualified Stock issued to the Borrower or any
of its Restricted Subsidiaries), which has been converted into or exchanged for Qualified Capital Stock of the Borrower, any Restricted
Subsidiary, Holdings or any Parent Holding Company, other than (x) the amount of any Cure Amount and (y) to the extent utilized
to build the Available Amount, during the period from and including the Business Day immediately following the Closing Date through
and including the Contribution Amount Reference Time; minus

 

(b)       the
aggregate amount of Dispositions made pursuant to Section 7.5(t), Restricted Payments made pursuant to Section 7.6(k),
original amount of any Investments made pursuant to Section 7.7(cc) (net of any return of capital in respect of any
such Investments or deemed reduction in the amount of such Investment, including, without limitation, upon the redesignation of
any Unrestricted Subsidiary as a Restricted Subsidiary or the sale, transfer, lease or other disposition of any such Investments),
and any payments or distributions in respect of any Junior Indebtedness made pursuant to Section 7.8(a)(iii) during
the period commencing on the Closing Date through and including the Contribution Amount Reference Time.

 

“CRD IV”:
(a) Regulation (EU) No. 575/2013 of the European Parliament and of the Council of 26 June 2013 on prudential requirements for credit
institutions and investment firms and amending Regulation (EU) No. 648/2012 and (b) Directive 2013/36/EU of the European Parliament
and of the Council of 26 June 2013 on access to the activity of credit institutions and the prudential supervision of credit institutions
and investment firms, amending Directive 2002/87/EC and repealing directives 2006/48/EC and 2006/49/EC.

 

“Curable Period”:
as defined in Section 7.1(b).

 

“Cure Amount”:
as defined in Section 7.1(b).

 

“Cure Right”:
as defined in Section 7.1(b).

 

“Debtor Relief
Laws”: the Bankruptcy Code, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors,
moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other
applicable jurisdictions from time to time in effect and affecting the rights of creditors generally.

 

“Declined Proceeds”:
as defined in Section 2.12(f).

 

“Declining Lender”:
as defined in Section 2.29(c).

 

    	14

     

    

 

“Default”:
any of the events specified in Section 8.1, whether or not any requirement for the giving of notice, the lapse of time,
or both, has been satisfied.

 

“Defaulting
Lender”: subject to Section 2.27(b), any Lender that (a) has failed to (i) fund all or any portion
of its Loans within two Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the
Administrative Agent and the Borrower in writing that such failure is the result of such Lender’s determination that one
or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically
identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, any Issuing Lender, or any other
Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit) within
two Business Days of the date when due, (b) has notified the Borrower, the Administrative Agent or any Issuing Lender in writing
that it does not intend to comply with such Lender’s funding obligations hereunder, or has made a public statement to that
effect (unless such writing or public statement relates to such Lenders’ obligation to fund a Loan hereunder and states that
such position is based on such Lender’s determination that a condition precedent to funding (which condition precedent, together
with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has
failed, within three Business Days after written request by the Administrative Agent or the Borrower, to confirm in writing to
the Administrative Agent and the Borrower that it will comply with its prospective funding obligations hereunder (provided
that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation
by the Administrative Agent and the Borrower), or (d) after the date hereof, has, or has a direct or indirect parent company that
has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had appointed for it a receiver, custodian,
conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation
of its business or assets, including the Federal Deposit Insurance Corporation or any other Federal or state regulatory authority
acting in such a capacity or (iii) become the subject of a Bail-In Action; provided that a Lender shall not be a Defaulting
Lender solely by virtue of the ownership or acquisition of any equity interest in such Lender or any direct or indirect parent
company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity
from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets
or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made
with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any of immediately preceding
clauses (a) through to and including clause (d) above shall be conclusive absent manifest error, and such Lender
shall be deemed to be a Defaulting Lender (subject to Section 2.27(b)) upon delivery of written notice of such determination
to the Borrower, each Issuing Lender and each Lender.

 

“Designated
Jurisdiction”: any country, territory or region to the extent that such country, territory or region itself, or such
country’s, territory’s or region’s government, is the subject of any Sanctions, currently (as of the Closing
Date), Crimea, Cuba, Iran, North Korea, Sudan and Syria.

 

“Designated
Non-Cash Consideration” means the fair market value (as determined in good faith by Borrower) of non-cash consideration
received by Borrower or any Restricted Subsidiary in connection with a Disposition that is so designated as Designated Non-Cash
Consideration pursuant to a certificate of a Responsible Officer of Borrower, setting forth the basis of such valuation, less the
amount of cash or Cash Equivalents received in connection with a subsequent Disposition of (or otherwise received in respect of)
such Designated Non-Cash Consideration.

 

“Disposed EBITDA”:
with respect to any Sold Entity or Business for any period, the amount for such period of Consolidated EBITDA of such Sold Entity
or Business (determined as if references to the Borrower and its Restricted Subsidiaries in the definition of Consolidated EBITDA
were references to such Sold Entity or Business and its Subsidiaries), all as determined on a consolidated basis for such Sold
Entity or Business.

 

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“Disposition”:
with respect to any Property, any sale, sale and leaseback, assignment, conveyance, transfer or other effectively complete disposition
thereof (whether effected pursuant to a Division or otherwise). The terms “Dispose” and “Disposed of”
shall have correlative meanings.

 

“Disqualified
Capital Stock”: Capital Stock that (a) requires the payment of any dividends (other than dividends payable solely in
shares of Qualified Capital Stock) prior to the date that is 91 days after the Latest Term Maturity Date, (b) matures or is mandatorily
redeemable or subject to mandatory repurchase or redemption or repurchase at the option of the holders thereof, in each case in
whole or in part and whether upon the occurrence of any event, pursuant to a sinking fund obligation on a fixed date or otherwise
(including as the result of a failure to maintain or achieve any financial performance standards), prior to the date that is 91
days after the Latest Term Maturity Date (other than (i) upon payment in full of the Obligations as defined therein (other than
indemnification and other contingent obligations not yet due and owing) or (ii) upon a “change of control”; provided
that any payment required pursuant to this clause (ii) is contractually subordinated in right of payment to the Obligations
pursuant to documentation reasonably satisfactory to the Administrative Agent) or (c) are convertible or exchangeable, automatically
or at the option of any holder thereof, into any Indebtedness, Capital Stock or other assets other than Qualified Capital Stock;
provided that if such Capital Stock is issued to any plan for the benefit of employees of Holdings, the Borrower or its
Restricted Subsidiaries or by any such plan to such employees, such Capital Stock shall not constitute Disqualified Capital Stock
solely because it may be required to be repurchased by Holdings, the Borrower or its Restricted Subsidiaries in order to satisfy
applicable statutory or regulatory obligations; provided, further, that any Capital Stock held by any present or
former officers, consultants, directors or employees (and their spouses, former spouses, heirs, estates and assigns) of Holdings,
the Borrower or any of its Restricted Subsidiaries upon the death, disability, engaging in competitive activity or termination
of employment of such officer, director, consultant or employee or pursuant to any equity subscription, shareholder, employment
or other agreement shall not constitute Disqualified Capital Stock solely because it may be required to be repurchased by Holdings,
the Borrower or any of its Restricted Subsidiaries.

 

“Disqualified
Institution”: on any date, (x) any financial institutions or other Persons designated by the Borrower as a “Disqualified
Institution” in writing to the Administrative Agent on or prior to November 20, 2018, (y) any competitor of a Subsidiary
of the Borrower that is in the same or a similar line of business as the Borrower or any of its Subsidiaries, in each case that
is designated in writing by the Borrower to the Administrative Agent from time to time by an email sent to the email address specified
in Section 10.2 and disclosed to the applicable assigning or participating Lender not less than three (3) Business Days
prior to such date or (z) any Affiliate (other than bona fide fixed income investors or debt funds, unless identified by the Borrower
to the Administrative Agent in writing as specified in preceding clauses (x) or (y)) of any entity described in preceding
clauses (x) or (y) that is either (i) identified by the Borrower in writing to the Administrative Agent as specified
in such clauses (x) or (y) and disclosed to the applicable assigning or participating Lender not less than three
(3) Business Days prior to such date or (ii) is clearly identifiable solely on the basis of the similarity of its name.

 

“Dividing Person”:
the meaning assigned to such term in the definition of “Division”.

 

“Division”:
the division of the assets, liabilities and/or obligations of a Person (the “Dividing Person”) among two or
more Persons (whether pursuant to a “plan of division” or similar arrangement), which may or may not include the Dividing
Person and pursuant to which the Dividing Person may or may not survive.

 

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“Division Successor”:
any Person that, upon the consummation of a Division of a Dividing Person, holds all or any portion of the assets, liabilities
and/or obligations previously held by such Dividing Person immediately prior to the consummation of such Division. A Dividing Person
which retains any of its assets, liabilities and/or obligations after a Division shall be deemed a Division Successor upon the
occurrence of such Division.

 

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

 

“Domestic Subsidiary”:
any direct or indirect Subsidiary organized under the Laws of any jurisdiction within the United States other than any such Subsidiary
directly or indirectly owned by a Foreign Subsidiary.

 

“DQ List”:
as defined in Section 10.6(b)(iv).

 

“ECF Required
Percentage”: with respect to any Excess Cash Flow Period, 25.0%; provided that (a) if the Consolidated Total Leverage
Ratio as of the end of the applicable Excess Cash Flow Period is greater than 5.00:1.00, such percentage shall be 50% and (b) if
the Consolidated Total Leverage Ratio as of the end of the applicable Excess Cash Flow Period is greater than 5.50:1.00, such percentage
shall be 75%.

 

“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, or (c) any financial institution established in an EEA Member Country which is a subsidiary
of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with
its parent;

 

“EEA Member
Country”: 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.

 

“Effective Yield”:
as to any Indebtedness, means the effective yield on such Indebtedness in the reasonable determination of the Administrative Agent
in consultation with the Borrower and consistent with generally accepted financial practices, taking into account the applicable
interest rate margins, any interest rate floors (the effect of which floors shall be determined in a manner set forth in the proviso
below), or similar devices and all fees, including upfront or similar fees or original issue discount (amortized over the shorter
of (i) the remaining weighted average life to maturity of such Indebtedness and (ii) the four years following the date
of incurrence thereof) payable generally to Lenders or other institutions providing such Indebtedness in connection with the initial
primary syndication thereof, but excluding any arrangement, structuring, ticking, or other similar fees payable in connection therewith
that are not generally shared with the relevant Lenders and, if applicable, consent fees for an amendment paid generally to consenting
Lenders; provided that with respect to any Indebtedness that includes a “LIBOR floor” or “ABR floor,”
(a) to the extent that the Eurodollar Rate (with an Interest Period of three months) or ABR (without giving effect to
any floors in such definitions), as applicable, on the date that the Effective Yield is being calculated is less than such floor,
the amount of such difference shall be deemed added to the interest rate margin for such Indebtedness for the purpose of calculating
the Effective Yield and (b) to the extent that the Eurodollar Rate (with an Interest Period of three months) or ABR (without
giving effect to any floors in such definitions), as applicable, on the date that the Effective Yield is being calculated is greater
than such floor, then the floor shall be disregarded in calculating the Effective Yield.

 

    	17

     

    

 

“Environmental
Claims”: any and all actions, suits, orders, decrees, demands, demand letters, claims, liens, notices of noncompliance,
violation or potential responsibility or investigation (other than internal reports prepared by Holdings, the Borrower or its Restricted
Subsidiaries (a) in the ordinary course of such Person’s business or (b) as required in connection with a financing transaction
or an acquisition or Disposition of real estate) or proceedings relating in any way to any Environmental Law or any permit issued,
or any approval given, under any such Environmental Law (hereinafter, “Claims”), including, without limitation,
(i) any and all Claims by governmental or regulatory authorities for enforcement, cleanup, removal, response, remedial or other
actions or damages pursuant to any applicable Environmental Law, (ii) any and all Claims by any third party seeking damages, contribution,
indemnification, cost recovery, compensation or injunctive relief relating to the presence, Release or threatened Release of Hazardous
Materials or arising from alleged injury or threat of injury to health or safety (to the extent relating to human exposure to Hazardous
Materials) or the environment including, without limitation, ambient air, surface water, groundwater, land surface and subsurface
strata and natural resources such as wetlands, and (iii) any and all Claims by any third party regarding environmental liabilities
or obligations assumed or assigned by contract or operation of law.

 

“Environmental
Laws”: Laws relating to pollution, the protection of the environment, including, without limitation, ambient air, surface
water, groundwater, land surface and subsurface strata and natural resources, or human health or safety (to the extent relating
to human exposure to Hazardous Materials), or Hazardous Materials.

 

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

 

“ERISA Event”
as defined in Section 4.12(a).

 

“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.

 

“Eurocurrency
Reserve Requirements”: with respect to any Interest Period and for any Eurodollar Loan, a rate per annum equal
to the aggregate, without duplication, of the maximum rates (expressed as a decimal number) of reserve requirements in effect two
Business Days prior to the first day of such Interest Period (including basic, supplemental, marginal and emergency reserves) under
any regulations of the Board or other Governmental Authority having jurisdiction with respect thereto dealing with reserve requirements
prescribed for eurocurrency funding (currently referred to as “eurocurrency liabilities” in Regulation D of the Board)
maintained by a member bank of the United States Federal Reserve System.

 

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

 

“Eurodollar
Rate”: with respect to each day during each Interest Period pertaining to a Eurodollar Loan, a rate per annum
determined for such day in accordance with the following formula (rounded upward to the nearest 1/100th of 1%):

 

	 	LIBO Rate	 
	 	1.00 - Eurocurrency Reserve Requirements	 

 

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“Event of Default”:
any of the events specified in Section 8.1; provided that, in respect to each of the clauses (a) through to
and including clause (k) of Section 8.1, to the extent such applicable clause includes any requirement for the giving
of notice, the lapse of time, or both, then such requirement for the giving of notice, the lapse of time, or both, has been satisfied.

 

“Excess Cash
Flow”: for any period, an amount (if positive) equal to:

 

(1)        the
Consolidated Net Income of the Borrower and its Restricted Subsidiaries for such period determined on a consolidated basis, increased,
in each case, without duplication, by:

 

(a)       an
amount equal to the amount of all non-cash charges and expenses (including depreciation and amortization) to the extent deducted
in arriving at such Consolidated Net Income, but excluding (i) any such non-cash charges and expenses representing an accrual
or reserve for potential cash items in any future period and (ii) amortization of a prepaid cash item that was paid in a prior
period;

 

(b)       decreases
in Consolidated Working Capital for such period;

 

(c)       cash
receipts of the Borrower and its Restricted Subsidiaries in respect of Hedge Agreements during such fiscal year to the extent not
otherwise included in such Consolidated Net Income;

 

(d)       the
aggregate amount of any non-cash loss of the Borrower and its Restricted Subsidiaries recognized as a result of any Asset Sale
or Casualty Event (other than any Asset Sale in the ordinary course of business) that resulted in a decrease to Consolidated Net
Income (up to the amount of such decrease);

 

reduced by (without
duplication):

 

(2)         the
sum, in each case, without duplication, of:

 

(a)       an
amount equal to the amount of all non-cash credits included in arriving at such Consolidated Net Income (excluding any non-cash
credit to the extent representing the reversal of an accrual or reserve described in clause (1)(a) above) and
cash charges excluded by virtue of clauses (a) through (j) of the definition of Consolidated Net Income;

 

(b)       without
duplication of amounts deducted pursuant to clause (g) below in prior fiscal years, the amount of Capital Expenditures,
Permitted Acquisitions, Specified Investments and permitted acquisitions of Intellectual Property made in cash during such period,
except to the extent financed with (w) the Net Cash Proceeds of Indebtedness (excluding any drawings under the Revolving Commitments),
(x) the Available Amount, (y) the Contribution Amount or (z) Net Cash Proceeds reinvested pursuant to Section 2.12;

 

(c)       the
aggregate amount of all optional principal payments of Indebtedness (including the principal component of payments in respect of
Capital Lease Obligations) of Borrower and its Restricted Subsidiaries (excluding (A) all prepayments in respect of any revolving
credit facility (including in respect of the Revolving Commitments), except to the extent there is an equivalent permanent reduction
in commitments thereunder, and (B) prepayments of the Term Loans) made in cash during such period, in each case to the extent
financed with Internally Generated Cash of the Borrower and its Restricted Subsidiaries;

 

    	19

     

    

 

 

(d)       increases
in Consolidated Working Capital for such period;

 

(e)       without
duplication of amounts deducted pursuant to clause (b) above or clause (g) below in prior fiscal
years, the aggregate amount of cash consideration paid by the Borrower and its Restricted Subsidiaries in connection with Investments
constituting Permitted Acquisitions pursuant to Section 7.7(e) to the extent financed with Internally Generated Cash
of the Borrower and its Restricted Subsidiaries;

 

(f)       the
amount of Restricted Payments made by the Borrower in cash pursuant to clauses (c), (d), (e), and (h)
of Section 7.6 paid during such period in each case to the extent such Restricted Payments were financed with Internally
Generated Cash of the Borrower and its Restricted Subsidiaries;

 

(g)       without
duplication of amounts deducted from Excess Cash Flow in prior periods, (x) the aggregate consideration required to be paid in
cash by the Borrower or any of its Restricted Subsidiaries pursuant to binding contracts, commitments, letters of intent or purchase
orders (the “Contract Consideration”) entered into during such period and (y) any planned and budgeted
cash expenditures by the Borrower or any of the Restricted Subsidiaries (the “Planned Expenditures”), in the
case of each of clauses (x) and (y), relating to Permitted Acquisitions (or Investments similar to those made
for Permitted Acquisitions), Capital Expenditures or permitted acquisitions of Intellectual Property to be consummated or made
during the period of four consecutive fiscal quarters of the Borrower following the end of such period, in each case, to the extent
financed with Internally Generated Cash of the Borrower and its Restricted Subsidiaries; provided that to the extent that
the aggregate amount of cash actually utilized to finance such Permitted Acquisitions (or Investments similar to those made for
Permitted Acquisitions), Capital Expenditures, or acquisitions of Intellectual Property during such following period of four consecutive
fiscal quarters is less than the Contract Consideration and Planned Expenditures, 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;

 

(i)       the
amount of (x) cash taxes (including penalties and interest) paid by the Borrower or any of its Restricted Subsidiaries and (y)
tax reserves of the Borrower set aside in cash for taxes of the Borrower or any of its Restricted Subsidiaries planned and budgeted
to be paid during the period of four consecutive fiscal quarters of the Borrower following the end of such period (the “Tax
Reserves”), in each case, in such period to the extent they exceed the amount of tax expense deducted in determining
Consolidated Net Income for such period; provided that to the extent that the aggregate amount of cash actually utilized
by the Borrower to pay such planned and budgeted taxes during such following period of four consecutive fiscal quarters is less
than the Tax Reserves, 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;

 

(j)       cash
expenditures by the Borrower or any of its Restricted Subsidiaries in respect of Hedge Agreements during such fiscal year to the
extent not deducted in arriving at such Consolidated Net Income;

 

(k)       the
aggregate amount of any non-cash gain of the Borrower or any of its Restricted Subsidiaries recognized as a result of any Asset
Sale or Casualty Event (other than any Asset Sale in the ordinary course of business) that resulted in an increase to Consolidated
Net Income (up to the amount of such increase); and

 

    	20

     

    

 

(m)       the
aggregate amount of cash fees, costs and expenses paid by the Borrower or any of its Restricted Subsidiaries in connection with
any, and any payments of, Transaction expenses, to the extent not deducted in calculating Consolidated Net Income.

 

“Excess Cash
Flow Calculation Date”: as defined in Section 2.12(d).

 

“Excess Cash
Flow Period”: each fiscal year of the Borrower, commencing with the fiscal year of Borrower ending on December 31, 2019.

 

“Excluded Amounts”:
as defined in Section 2.12(g).

 

“Excluded Domestic
Subsidiary”: any Domestic Subsidiary which is (a) a FSHCO, (b) an Immaterial Subsidiary, (c) a not-for-profit Subsidiary,
(d) a captive insurance Subsidiary, (e) a Subsidiary which is prohibited by any applicable Requirement of Law or Contractual Obligation
existing on the Closing Date or in the case of Subsidiaries acquired after the Closing Date, existing on the date of acquisition
(except to the extent such Contractual Obligation is entered into in contemplation of the Closing Date or such Subsidiary becoming
a Subsidiary) in each case, from guaranteeing the Obligations or which would require the consent, approval, license or authorization
of a Governmental Authority to provide a guarantee of the Obligations unless such consent, approval, license or authorization has
been received or (f) a Subsidiary for which the guarantee would result in a material adverse tax consequence to the Borrower or
one of its Restricted Subsidiaries.

 

“Excluded Hedge
Obligation”: with respect to any Guarantor, any Hedge Guarantee Obligation if, and to the extent that, all or a portion
of the guarantee of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Hedge Guarantee Obligation
(or any guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity
Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure
for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act and the regulations
thereunder at the time the guarantee of such Guarantor or the grant of such security interest becomes effective with respect to
such Hedge Guarantee Obligation. If a Hedge Guarantee Obligation arises under a master agreement governing more than one swap,
such exclusion shall apply only to the portion of such Hedge Guarantee Obligation that is attributable to swaps for which such
guarantee or security interest is or becomes illegal.

 

“Excluded Taxes”:
any of the following Taxes imposed on or with respect to a Recipient or required to be withheld or deducted from a payment to a
Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in
each case, (i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or,
in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision
thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts
payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in
effect on the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment
request by the Borrower under Sections 2.23 or 2.24)) or (ii) such Lender changes its lending office, except in each
case to the extent that, pursuant to Section 2.20, amounts with respect to such Taxes were payable either to such
Lender's assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its lending
office, (c) Taxes attributable to such Recipient’s failure to comply with Section 2.20(f), and (d) any U.S. federal
withholding Taxes imposed under FATCA.

 

“Existing Letters
of Credit”: as defined in in Section 3.1(a).

 

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“Extended L/C
Commitments”: as defined in Section 2.29(d).

 

“Extended Lender
Obligations”: as defined in Section 2.29(d).

 

“Extended Revolving
Commitments”: as defined in Section 2.29(d).

 

“Extended Revolving
Loans”: as defined in Section 2.29(d).

 

“Extended Term
Loans”: as defined in Section 2.29(d).

 

“Extending Lender”:
as defined in Section 2.29(c).

 

“Extension Amendment”:
as defined in Section 2.29(e).

 

“Extension Date”:
as defined in Section 2.29(f).

 

“Extension Election”:
as defined in Section 2.29(c).

 

“Extension Request”:
as defined in Section 2.29(a).

 

“Facilities”:
collectively, the Term Facility and the Revolving Facility.

 

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

 

“FBO”:
fixed based operation.

 

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

 

“Fee Payment
Date”: (a) the last Business Day of each March, June, September and December and (b) the last day of the Revolving Commitment
Period.

 

“FEMA”:
the Federal Emergency Management Agency.

 

“Financial Condition
Covenant”: as defined in Section 7.1(b)(i).

 

“Financial Covenant
Cross-Default”: as defined in Section 8.1(c).

 

“Financial Covenant
Event of Default”: as defined in Section 8.1(c).

 

“Fixed Basket”:
as defined in Section 1.4.

 

    	22

     

    

 

“Flood Compliance
Event”: the occurrence of any of the following: (a) a Flood Redesignation with respect to any Mortgaged Property, (b)
any extension of the Maturity Date pursuant to Section 2.29, (c) any increase to the Commitments pursuant to Section 2.25, and
(d) the addition of any Special Flood Hazard Property as Collateral pursuant to Section 6.8(b).

 

“Flood Hazard
Determination”: a “Life-of-Loan” FEMA Standard Flood Hazard Determination obtained by the Collateral Agent.

 

“Flood Insurance”:
(a) federally-backed flood insurance available under the National Flood Insurance Program to owners of real property improvements
located in Special Flood Hazard Areas in a community participating in the National Flood Insurance Program or (b) to the extent
permitted by the Flood Laws, a private flood insurance policy from a financially sound and reputable insurance company that is
not an Affiliate of the Borrower.

 

“Flood Insurance
Requirements”: as defined in Section 6.8(b)(3).

 

“Flood Laws”:
the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973, as revised by the National Flood Insurance
Reform Act of 1994, the Flood Insurance Reform Act of 2004, the Biggert-Waters Flood Insurance Reform Act of 2012 and as the same
may be further amended, modified or supplemented, and including the regulations issued thereunder.

 

“Flood Redesignation”:
the designation of any Mortgaged Property as a Special Flood Hazard Property where such property was not a Special Flood Hazard
Property previous to such designation.

 

“Foreign Lender”:
(a) each Lender (or the Administrative Agent) that is a foreign person as defined in Treasury Regulations Section 1.1441-1(c)(2)
or (b) each Lender (or the Administrative Agent) that is a wholly-owned domestic entity that is disregarded for United States federal
tax purposes under Treasury Regulations Section 301.7701-2(c)(2) as an entity separate from its owner and whose single owner is
a foreign person within the meaning of Treasury Regulations Section 1.1441-1(c)(2).

 

“Foreign Subsidiary”:
any direct or indirect Subsidiary that is not a Domestic Subsidiary.

 

“Fronting Exposure”:
at any time there is a Defaulting Lender, with respect to any Issuing Lender, such Defaulting Lender’s outstanding L/C Obligations
with respect to Letters of Credit issued by such Issuing Lender other than L/C Obligations as to which such Defaulting Lender’s
participation obligation has been reallocated to other Revolving Lenders or Cash Collateralized in accordance with the terms hereof.

 

“FSHCO”:
any Domestic Subsidiary substantially all of the assets of which constitute the Capital Stock of and/or Indebtedness owing by Foreign
Subsidiaries and any other assets incidental thereto.

 

“Funding Office”:
the office specified from time to time by the Administrative Agent as its funding office by notice to the Borrower and the Lenders.

 

“GAAP”:
generally accepted accounting principles in the United States as in effect from time to time, subject to Section 10.16.

 

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“Governmental
Authority”: any nation or government, any state, province or other political subdivision thereof and any governmental
entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government and,
as to any Lender, any securities exchange and any self-regulatory organization (including the National Association of Insurance
Commissioners).

 

“Guarantee and
Collateral Agreement”: the Guarantee and Collateral Agreement, dated as of the Closing Date, to be executed and delivered
by Holdings, the Borrower and each Subsidiary Guarantor, substantially in the form of Exhibit B, as the same may be amended,
supplemented or otherwise modified from time to time.

 

“Guarantee Obligation”:
as to any Person (the “guaranteeing person”), any obligation of the guaranteeing person guaranteeing or by which
such Person becomes contingently liable for any Indebtedness, net worth, working capital earnings, leases, dividends or other distributions
upon the stock or equity interests (the “primary obligations”) of any other third Person (the “primary
obligor”) in any manner, whether directly or indirectly, including, without limitation, any 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 (1) for the purchase or payment of any such primary obligation or (2) 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 and reasonable
indemnity obligations in effect on the Closing Date or entered into in connection with any acquisition or Disposition of assets
or any Investment permitted under this Agreement. The amount of any Guarantee Obligation of any guaranteeing Person shall be deemed
to be such guaranteeing Person’s maximum reasonably anticipated liability in respect thereof as determined by the Borrower
in good faith.

 

“Guarantors”:
the collective reference to Holdings and the Subsidiary Guarantors.

 

“Hazardous Materials”:
(a) any petroleum or petroleum products, radioactive materials, asbestos and polychlorinated biphenyls; (b) any chemicals, wastes,
materials or substances defined as or included in the definition of “hazardous substances”, “hazardous waste”,
“hazardous materials”, “extremely hazardous waste”, “restricted hazardous waste”, “toxic
substances”, “toxic pollutants”, “contaminants”, or “pollutants”, or words of similar
import, under any applicable Environmental Law; and (c) any other chemical, waste, material or substance which is prohibited, restricted
or regulated by or with respect to which liability is imposed under any Environmental Law.

 

“Hedge Agreements”:
all agreements with respect to any swap, forward, future or derivative transaction or option or similar agreement involving, or
settled by reference to, one or more rates, currencies, equity or debt instruments or securities, or economic, financial or pricing
indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these transactions,
in each case, entered into by the Borrower or any of its Restricted Subsidiaries.

 

“Hedge Counterparty”:
any Person that (a) is a party to a Hedge Agreement that was a Lender or Agent at the time any such Hedge Agreement was entered
into or an Affiliate of such a Lender or Agent or (b) with respect to any Hedge Agreement in effect as of the Closing Date, is,
as of the Closing Date or within 90 days thereafter, a Lender or Agent or an affiliate of such a Lender or Agent, in each case
in its capacity as party to a Hedge Agreement.

 

    	24

     

    

 

“Hedge Guarantee
Obligation”: with respect to any Guarantor, any obligation to pay or perform under any agreement, contract or transaction
that constitutes a “swap” within the meaning of section 1a(47) of the Commodity Exchange Act.

 

“Holdings”:
as defined in the preamble hereto.

 

“Immaterial
Subsidiary”: any Restricted Subsidiary of the Borrower that, as of the last day of the most recently ended four fiscal
quarter period ending on or prior to the date of determination, does not have (a) assets in excess of 5% of Consolidated Total
Assets, individually, or, when combined with the assets of all other Immaterial Subsidiaries as of such date of determination,
10% of Consolidated Total Assets and (b) Consolidated EBITDA for the period of four consecutive fiscal quarters ending on such
date in excess of 5% of the Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for such period, individually or,
when combined with the Consolidated EBITDA of all other Immaterial Subsidiaries as of such date of determination, 10% of the Consolidated
EBITDA of the Borrower and its Restricted Subsidiaries for such period.

 

“Increased Amount
Date”: as defined in Section 2.25(a).

 

“Incremental
Amount”: (w) the greater of (i) $260,000,000 and (ii) 100% of Consolidated EBITDA for the four fiscal quarter period
most recently ended for which financial statements have been delivered pursuant to Section 6.1 (which amount, in either
case, shall not be reduced by any amount incurred pursuant to the immediately succeeding clauses (x) through (z))
plus (x) in the case of an Incremental Facility that effectively replaces any Commitments or Loans under the Facilities
terminated pursuant to Section 2.24(b)(y) (including with respect to any Incremental Facility), an amount equal to the portion
of the relevant terminated Commitments or Loans plus (y) an amount equal to all voluntary prepayments of Term Loans or Incremental
Equivalent Debt (as defined below) secured on a pari passu basis with the Term Facility and voluntary prepayments of Revolving
Loans to the extent such prepayments result in the permanent termination of commitments thereof (in each case, to the extent not
financed with proceeds from the incurrence of Long-Term Indebtedness) plus (z) an unlimited amount, so long as, after giving
effect to such incurrence or issuance (and after giving pro forma effect to the incurrence of the entire committed amount of such
additional amount and any acquisition consummated concurrently therewith (including any Pro Forma Adjustments) and any other pro
forma adjustment events permitted hereunder) as if such incurrence or issuance had occurred on the first day of such fiscal quarter
and without netting of any cash constituting proceeds of such incurrence or issuance, (i) if such Incremental Facility ranks pari
passu in right of security to the Facilities, the Consolidated First Lien Leverage Ratio as of the most recently ended fiscal
quarter prior to the incurrence of any Incremental Commitment or issuance of Incremental Equivalent Debt, calculated on a pro forma
basis, is equal to or less than the greater of (1) 4.00:1.00 and (2) if incurred in connection with a Permitted Acquisition, the
Consolidated First Lien Leverage Ratio as in effect immediately prior to incurrence of such Incremental Commitment or Incremental
Equivalent Debt and (ii) if such Incremental Facility ranks junior in right of security to the Facilities or is unsecured, the
Consolidated Total Leverage Ratio as of the most recently ended fiscal quarter prior to the incurrence of any Incremental Commitment
or issuance of Incremental Equivalent Debt, calculated on a pro forma basis, is equal to or less than the greater of (1) 4.50:1.00
and (2) if incurred in connection with a Permitted Acquisition, the Consolidated Total Leverage Ratio as in effect immediately
prior to incurrence of such Incremental Commitment or Incremental Equivalent Debt; provided, that the Borrower may elect
to use this clause (z) prior to clauses (w), (x) and/or (y) and, if no such election is made, to the
extent then available shall be deemed to have relied on this clause (z); provided, further, that in the case of any
single transaction that provides for the incurrence and/or increase of Loans and/or Commitments under this clause (z) and
one or more of clauses (w), (x) and/or (y), compliance with the above Consolidated First Lien Leverage Ratio
or Consolidated Total Leverage Ratio, as applicable, shall be determined for purposes of this clause (z) by giving the single
transaction pro forma effect but excluding in such determination the aggregate of indebtedness (and deemed indebtedness) from any
such incurrence and increase utilizing clauses (w), (x) or (y).

 

    	25

     

    

 

“Incremental
Commitments”: as defined in Section 2.25(a).

 

“Incremental
Equivalent Debt”: as defined in Section 2.26(a).

 

“Incremental
Equivalent Debt Effective Date”: as defined in Section 2.26(b)(i).

 

“Incremental
Equivalent Debt MFN Provision”: as defined in Section 2.26(b)(vii).

 

“Incremental
Joinder Agreement”: as defined in Section 2.25(a).

 

“Indebtedness”:
of any Person at any date, without duplication, (a) all indebtedness of such Person for borrowed money, (b) all obligations of
such Person for the deferred purchase price of Property or services (other than (i) trade payables, accrued expenses, current accounts
and similar obligations incurred in the ordinary course of such Person’s business and (ii) earn-outs and other contingent
payments in respect of acquisitions except as and to the extent that the liability on account of any such earn-out or contingent
payment appears in the liabilities section of the balance sheet of such Person), (c) all obligations of such Person evidenced by
notes, bonds, debentures or other similar instruments, (d) all indebtedness created or arising under any conditional sale or other
title retention agreement with respect to Property acquired by such Person (even though the rights and remedies of the seller or
lender under such agreement in the event of default are limited to repossession or sale of such Property, in which case only the
lesser of the amount of such obligation and the fair market value of such Property shall constitute Indebtedness), (e) all Capital
Lease Obligations of such Person, (f) all obligations of such Person, contingent or otherwise, as an account party or applicant
under acceptance, letter of credit or similar facilities, (g) all obligations of such Person in respect of Disqualified Capital
Stock and (h) all Guarantee Obligations of such Person in respect of obligations of the kind referred to in clauses (a) through
(g) above.

 

“Indemnified
Liabilities”: as defined in Section 10.5(a).

 

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

 

“Indemnitee”:
as defined in Section 10.5(a).

 

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

 

“Insolvency
Proceeding”: (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, marshaling of assets for creditors, or other, similar arrangement in respect of its
creditors generally or any substantial portion of its creditors; in each case in respect of immediately preceding clauses (a)
and (b), undertaken under U.S. federal, state or foreign law, including the Bankruptcy Code.

 

“Insolvent”:
pertaining to a condition of Insolvency.

 

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

 

    	26

     

    

 

“Intellectual
Property”: the collective reference to all rights, priorities and privileges relating to intellectual property, whether
registered or unregistered, and whether arising under United States, multinational or foreign Laws or otherwise, including, without
limitation, copyrights and copyright applications, domain names, patents and patent applications, trademarks and trademark applications,
trade names, all goodwill associated with such trademarks and trade names, technology, trade secrets, know-how and processes, and
all other intellectual property rights, including the right to receive all proceeds and damages therefrom.

 

“Interest Payment
Date”: (a) as to any ABR Loan, the last Business Day of each of March, June, September and December 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, (c) as to any Eurodollar Loan having an Interest Period longer than three
months, each date occurring at three month intervals and the last day of such Interest Period and (d) as to any Loan (other than
any Revolving Loan that is an ABR Loan), the date of any repayment or prepayment made in respect thereof.

 

“Interest Period”:
as 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 one, two, three or six months thereafter, or (with the consent of each affected Lender under
the relevant Facility) twelve months thereafter, 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 or (with the consent of each affected Lender
under the relevant Facility) twelve months thereafter; 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 scheduled Revolving Termination Date or beyond the date final payment is
due on the Term Loans shall end on the Revolving Termination Date or such due date, as applicable; and

 

(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.

 

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

 

“Internally
Generated Cash”: with respect to any period, any net cash of the Borrower or any Restricted Subsidiary generated from
operations of the Borrower or any of its Restricted Subsidiaries during such period, excluding Net Cash Proceeds and any cash that
is generated from an incurrence of Indebtedness, an issuance or sale of any Capital Stock or any capital contribution.

 

    	27

     

    

 

“Investments”:
as defined in Section 7.7.

 

“IPO”:
the initial offering by the Borrower, Holdings (or any Parent Holding Company) of its Capital Stock to the public by means of an
offering registered with the SEC or any comparable foreign Governmental Authority.

 

“IRS”:
the United States Internal Revenue Service.

 

“Issuing Lenders”:
(a) the Administrative Agent or any of its Affiliates, (b) Bank of America, N.A. or any of its Affiliates, (c) Compass Bank dba
BBVA Compass, (d) Regions Bank or any of its Affiliates (including with respect to the Existing Letters of Credit issued by it),
(e) Wells Fargo Bank, N.A. or any of its Affiliates (including with respect to the Existing Letters of Credit issued by it), and
(f) any other Revolving Lender from time to time selected by the Joint Bookrunners as an Issuing Lender and reasonably acceptable
to the Borrower and the Administrative Agent, provided, that no such Revolving Lender shall be an Issuing Lender without
its prior written consent. In the event that there is more than one Issuing Lender at any time, references herein and in the other
Loan Documents to the Issuing Lender shall be deemed to refer to the Issuing Lender in respect of the applicable Letter of Credit
or to all Issuing Lenders, as the context requires.

 

“Joint Bookrunners”:
JPMorgan Chase Bank, N.A., Merrill Lynch, Pierce, Fenner and Smith Incorporated, Compass Bank dba BBVA Compass, Regions Capital
Markets, a division of Regions Bank, and Wells Fargo Securities, LLC, in their capacities as joint bookrunners.

 

“Latest Revolving
Termination Date”: at any date of determination, the latest termination date applicable to any tranche of Revolving Loans
hereunder at such time, in each case as extended in accordance with this Agreement from time to time.

 

“Latest Term
Maturity Date”: at any date of determination, the latest maturity date applicable to any tranche of Term Loans hereunder
at such time, in each case as extended in accordance with this Agreement from time to time.

 

“Laws”:
collectively, federal, state, local or foreign law, statute or ordinance, common law, or any rule, regulation, judgment, order,
writ, injunction, decree, arbitration award, agency requirement, license or permit of any Governmental Authority.

 

“L/C Commitment”:
$50,000,000.

 

“L/C Obligations”:
at any time, an amount equal to the sum of (a) the aggregate then undrawn and unexpired amount of the then outstanding Letters
of Credit and (b) the aggregate amount of drawings under Letters of Credit that have not then been reimbursed.

 

“L/C Participants”:
the collective reference to all the Revolving Lenders other than the applicable Issuing Lender.

 

“LCT Election”:
as defined in Section 1.3(a).

 

“LCT Test Date”:
as defined in Section 1.3(a).

 

“Lead Arrangers”:
JPMorgan Chase Bank, N.A., Merrill Lynch, Pierce, Fenner and Smith Incorporated (or any other registered broker-dealer wholly-owned
by Bank of America Corporation to which all or substantially all of Bank of America Corporation’s or any of its subsidiaries’
investment banking, commercial lending services or related businesses may be transferred following the date of this Agreement),
Compass Bank dba BBVA Compass, Regions Capital Markets, a division of Regions Bank, and Wells Fargo Securities, LLC, in their capacities
as joint lead arrangers.

 

    	28

     

    

 

“Lenders”:
as defined in the preamble hereto, and each of their respective successors and assigns as permitted hereunder.

 

“Letters of
Credit”: as defined in Section 3.1(a).

 

“LIBO Rate”:
with respect to any Interest Period for any Eurodollar Loan or any ABR Loan based upon the ABR determined pursuant to clause
(z) of the definition thereof, the LIBO Screen Rate at approximately 11:00 A.M., London time, two Business Days prior to the
commencement of such Interest Period; provided that if the LIBO Screen Rate shall not be available at such time for such
Interest Period (an “Impacted Interest Period”) then the LIBO Rate shall be the Interpolated Rate.

 

“LIBO Screen
Rate”: for any day and time, with respect to any Interest Period for any Eurodollar Loan or any ABR Loan based upon the
ABR determined pursuant to clause (z) of the definition thereof, the London interbank offered rate as administered by ICE
Benchmark Administration (or any other Person that takes over the administration of such rate for U.S. Dollars for a period equal
in length to such Interest Period as displayed on such day and time on pages LIBOR01 or LIBOR02 of the Reuters screen that displays
such rate (or, in the event such rate does not appear on a Reuters page or screen, on any successor or substitute page on such
screen that displays such rate, or on the appropriate page of such other information service that publishes such rate from time
to time as selected by the Administrative Agent in its reasonable discretion), provided that if the LIBO Screen Rate shall
be less than zero, such rate shall be deemed to zero for the purposes of this Agreement.

 

“Lien”:
any mortgage, pledge, hypothecation, collateral assignment, encumbrance, lien (statutory or other), charge or other security interest
of any kind or nature whatsoever (including any conditional sale or other title retention agreement and any capital lease having
substantially the same economic effect as any of the foregoing).

 

“Limited Condition
Transaction”: any Disposition for which a definitive agreement has been entered into, any Permitted Acquisition or similar
Investment where consummation is not conditioned on the availability of, or on obtaining, third party financing, or a repayment
or repurchase or redemption of Indebtedness for which irrevocable notice has been given.

 

“LLC”
means any Person that is a limited liability company under the laws of its jurisdiction of formation.

 

“Loan”:
any loan made by any Lender pursuant to this Agreement.

 

“Loan Documents”:
the collective reference to this Agreement, the Security Documents, the Applications, the Notes (if any), any Incremental Joinder
Agreements and any amendment, restatement, amendment and restatement, waiver, supplement and/or other modification to any of the
foregoing.

 

“Loan Parties”:
Holdings, the Borrower and each Subsidiary Guarantor.

 

“Long-Term Indebtedness”:
with respect to any Person, any Indebtedness of such Person that, in accordance with GAAP, all or a portion of it constitutes (or,
when incurred constituted) a long-term liability and current maturities of such long-term liabilities.

 

    	29

     

    

 

“Majority Facility
Lenders”: with respect to any Facility, the holders of more than 50% of the aggregate unpaid principal amount of the
Term Loans or the Revolving Extensions of Credit, as the case may be, outstanding under such Facility (or, in the case of the Revolving
Facility, prior to any termination of the Revolving Commitments under such Facility, the holders of more than 50% of the Revolving
Commitments under such Facility).

 

“Market Capitalization”:
an amount equal to (i) the total number of issued and outstanding shares of common (or common equivalent) Capital Stock of the
Borrower or Holdings (or any Parent Holding Company), as applicable, on the date of the declaration of the relevant Restricted
Payment multiplied by (ii) the arithmetic mean of the closing prices per share of the common (or common equivalent) Capital Stock
for the 30 consecutive trading days immediately preceding the date of declaration of such Restricted Payment.

 

“Material Adverse
Effect”: a material adverse effect on and/or material adverse developments with respect to (i) the business, assets,
liabilities (actual or contingent), operations, financial condition or operating results of Holdings, the Borrower and its Restricted
Subsidiaries, taken as a whole, (ii) the ability of any Loan Party to fully and timely perform its Obligations, (iii) the legality,
validity, binding effect or enforceability against any Loan Party of any Loan Document to which it is a party or (iv) the rights,
remedies and benefits available to, or conferred upon, any Agent, any Lender or any Secured Party under any Loan Document.

 

“MFN Provision”:
as defined in Section 2.25(e)(iv).

 

“Minimum Collateral
Amount”: at any time, as to Cash Collateral consisting of cash or deposit account balances, an amount equal to 103% of
the Fronting Exposure of all Issuing Lenders with respect to Letters of Credit issued and outstanding at such time.

 

“Moody’s”:
Moody’s Investors Service, Inc. or any successor to the rating agency business thereof.

 

“Mortgage”:
any mortgage, deed of trust, hypothec or other similar document made by any Loan Party in favor of, or for the benefit of, the
Collateral Agent for the benefit of the Secured Parties, in form and substance reasonably satisfactory to the Administrative Agent
and the Borrower (taking into account the law of the jurisdiction in which such mortgage, deed of trust, hypothec or similar document
is to be recorded), as the same may be amended, supplemented or otherwise modified from time to time.

 

“Mortgaged Property”:as
defined in the applicable Mortgage.

 

“Multiemployer
Plan”: a Plan that is a “multiemployer plan” as defined in Section 4001(a)(3) of ERISA, as to which Holdings,
the Borrower or any Commonly Controlled Entity has any obligation or liability, contingent or otherwise.

 

“National Flood
Insurance Program”: the program created pursuant to the Flood Laws.

 

    	30

     

    

 

“Net Cash Proceeds”:
(a) in connection with any Asset Sale or any Recovery Event, the proceeds thereof in the form of cash and Cash Equivalents (including
any such proceeds received by way of deferred payment of principal pursuant to a note or installment receivable or purchase price
adjustment receivable or otherwise, but only as and when received) of such Asset Sale or Recovery Event received by the Borrower
or any Restricted Subsidiary, net of broker’s fees and commissions, attorneys’ fees, accountants’ fees, investment
banking fees, consulting fees, amounts (including premiums or penalties, if any) required to be applied to the repayment of Indebtedness
secured by a Lien expressly permitted hereunder on any asset which is the subject of such Asset Sale or Recovery Event (other than
any Lien pursuant to a Security Document), amounts required to be applied to the repayment of customer deposits, other reasonable
fees and expenses (including legal fees and expenses) actually incurred by the Borrower or any Restricted Subsidiary in connection
therewith, taxes paid or reasonably estimated to be payable by the Borrower or such Restricted Subsidiary as a result thereof (after
taking into account any available tax credits or deductions and any tax sharing arrangements) and any escrow or reserve for any
indemnification payments (fixed or contingent) attributable to seller’s indemnities and representations and warranties to
purchaser in respect of the applicable Asset Sale undertaken by the Borrower or any Restricted Subsidiaries or other liabilities
in connection with such Asset Sale (provided that upon release of any such escrow or reserve, the amount released shall
be considered Net Cash Proceeds) and (b) in connection with any (i) Qualified Equity Issuance or issuance of Capital Stock in connection
with an IPO or (ii) issuance or sale of debt securities or instruments or the incurrence of Indebtedness, in each case, the cash
proceeds received from such issuance or incurrence, net of transaction costs, attorneys’ fees, investment banking fees, accountants’
fees, consulting fees, underwriting discounts and commissions, placement fees and other reasonable fees and expenses (including
legal fees and expenses) actually incurred in connection therewith.

 

“New Extending
Lender”: as defined in Section 2.29(c).

 

“New Revolving
Lender”: as defined in Section 2.25(a).

 

“New Term Commitments”:
as defined in Section 2.25(a).

 

“New Term Lender”:
as defined in Section 2.25(a).

 

“New Term Loans”:
as defined in Section 2.25(c).

 

“Non-Cash Charges”:
(a) any impairment charge or asset write-off related to intangible assets, long-lived assets, and investments in debt and equity
securities pursuant to GAAP, (b) all non-cash losses from investments recorded using the equity method, (c) stock-based compensation
expense, (d) other non-cash charges (provided that if any non-cash charges referred to in this clause (d) represent
an accrual or reserve for potential cash items in any future period, the cash payment in respect thereof in such future period
shall be subtracted from Consolidated EBITDA to such extent, and excluding amortization of a prepaid cash item that was paid in
a prior period), (e) without duplication, any non-cash impairment charges or asset write-off or write-down resulting from the application
of Accounting Standards Codification 350, Intangibles – Goodwill and Other, Accounting Standards Codification 360, Property,
Plant and Equipment, and Accounting Standards Codification 805, Business Combinations, in each case excluding any non-cash charge
in respect of an item that was included in Consolidated Net Income in a prior period, and (f) non-cash costs and expenses incurred
as a result of the application of purchase accounting in respect of any Permitted Acquisition.

 

“Non-Defaulting
Lender”: as to any Facility, a Lender thereunder that is not a Defaulting Lender.

 

“Non-Extended
L/C Commitments”: as defined in Section 2.29(b).

 

“Non-Extended
Lender Obligations”: as defined in Section 2.29(b).

 

“Non-Extended
Revolving Commitments”: as defined in Section 2.29(b).

 

    	31

     

    

 

“Non-Extended
Revolving Loans”: as defined in Section 2.29(b).

 

“Non-Extended
Term Loans”: as defined in Section 2.29(b).

 

“Non-Fixed Basket”:
as defined in Section 1.4.

 

“Non-Guarantor
Subsidiary”: any Restricted Subsidiary of the Borrower which is not a Subsidiary Guarantor.

 

“Nonrenewal
Notice Date”: as defined in Section 3.1(a).

 

“Note”:
any promissory note evidencing any Loan.

 

“Notice of Intent
to Cure”: as defined in Section 7.1(b).

 

“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. on such day received by the Administrative Agent from a federal funds broker of recognized
standing selected by it; provided, further, that if any of the aforesaid rates as so determined be less than zero, such
rate shall be deemed to be zero for purposes of this Agreement.

 

“Obligations”:
the unpaid principal of and interest on (including, without limitation, interest accruing after the maturity of the Loans, and
Reimbursement Obligations and interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency,
reorganization or like proceeding, relating to the Borrower, whether or not a claim for post-filing or post-petition interest is
allowed in such proceeding) the Loans, the Reimbursement Obligations and all other obligations and liabilities of the Borrower
to the Administrative Agent, the Collateral Agent, any Issuing Lender or any Lender (or, in the case of Specified Hedge Agreements
and Cash Management Documents of the Borrower or any of its Restricted Subsidiaries to the Administrative Agent, the Collateral
Agent, any Lender, any Hedge Counterparty, any Cash Management Counterparty or any of their Affiliates), whether direct or indirect,
absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection
with, this Agreement, any other Loan Document, the Letters of Credit, any Specified Hedge Agreement, any Cash Management Document,
whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses (including, without limitation,
all fees, charges and disbursements of counsel to the Administrative Agent, the Collateral Agent, any Issuing Lender or any Lender
that are required to be paid by the Borrower pursuant hereto) or otherwise; provided that (a) obligations of the Borrower
or any of its Restricted Subsidiaries under any Specified Hedge Agreement or Cash Management Document shall be secured and guaranteed
pursuant to the Security Documents only to the extent that, and for so long as, the other Obligations are so secured and guaranteed
and (b) any release of Collateral or Guarantors effected in the manner permitted by this Agreement shall not require the consent
of holders of obligations under any Specified Hedge Agreements or Cash Management Documents. Notwithstanding the foregoing, Excluded
Hedge Obligations shall not constitute Obligations.

 

“OFAC”:
the Office of Foreign Assets Control of the United States Department of the Treasury.

 

    	32

     

    

 

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

 

“Other Taxes”:
any and all present or future stamp, court, documentary, intangible, recording, filing or similar Taxes that arise from any payment
made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security
interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed
with respect to an assignment (other than an assignment made pursuant to Sections 2.23 or 2.24).

 

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

 

“Parent Holding
Company”: any direct or indirect parent of Holdings who does not hold Capital Stock in any other Person (except for any
other Parent Holding Company or Holdings).

 

“Participant”:
as defined in Section 10.6(h).

 

“Participant
Register”: as defined in Section 10.6(h).

 

“PATRIOT Act”:
the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)).

 

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

 

“Permitted Acquisition”:
any Acquisition, if such Acquisition complies with the following criteria:

 

(a)       no
Default or Event of Default shall be in effect immediately after giving effect to such Acquisition;

 

(b)       immediately
after giving pro forma effect to any such Permitted Acquisition (including any Pro Forma Adjustments), the Borrower shall
be in pro forma compliance with the Financial Condition Covenant;

 

(c)       any
Indebtedness or Liens assumed or incurred in connection with such Acquisition shall comply with the provisions of Sections 7.2
and 7.3, as applicable;

 

(d)       any
acquired Person shall be engaged in a Business except in the case of Qualified Tax Transaction Subsidiary and shall become a Guarantor
to the extent required by and otherwise comply with the provisions of Section 6.8, in each case, within the time periods
specified therein; and

 

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(e)       prior
to the consummation of such Acquisition, the Borrower shall have delivered to the Administrative Agent such financial statements
(including any pro forma financial statements) with respect to the business or Person to be acquired which are available to the
Borrower.

 

“Permitted Investors”:
the collective reference to the Sponsor and its Affiliates (but excluding, any portfolio companies of any of the foregoing).

 

“Permitted Refinancing
Debt”: Indebtedness incurred in connection with any refinancing, extension, renewal, or replacement of Indebtedness permitted
by Section 7.2(h)(ii).

 

“Permitted Refinancing
Requirements”: the following requirements with respect to any Permitted Refinancing Debt:

 

(a)       the
principal amount of such Permitted Refinancing Debt does not exceed the principal amount (or accreted value, if applicable), and
any existing commitments unutilized thereunder, of the Refinanced Debt except by an amount equal to the unpaid accrued interest
and premium (including call and tender premiums) thereon, defeasance costs and other reasonable amounts paid and fees and expenses
incurred (including original issuance discount, upfront fees and similar items) in connection with the Permitted Refinancing Debt;

 

(b)       no
Person shall be an obligor or guarantor of such Permitted Refinancing Debt except to the extent that such Person was such an obligor
or guarantor in respect of the Refinanced Debt at the times of the incurrence of the Permitted Refinancing Debt;

 

(c)       such
Permitted Refinancing Debt (1) shall have a Weighted Average Life to Maturity at least equal to or later than the Weighted Average
Life to Maturity of the Refinanced Debt and (2) shall have a final maturity date equal to or later than the final maturity date
of the Refinanced Debt;

 

(d)       if
the Refinanced Debt is (1) secured, (A) the Permitted Refinancing Debt shall only be secured on the same basis (including relative
priority, unless such Permitted Refinancing Debt is secured on a junior basis to such Refinanced Debt) as the Refinanced Debt,
and subject to customary intercreditor arrangements on terms reasonably acceptable to the Administrative Agent and (B) no Lien
relating thereto shall be expanded to cover any additional Property of the Borrower or any Restricted Subsidiary or (2) subordinated
in right of payment to the Obligations, the Permitted Refinancing Debt shall be subordinated in right of payment to the Obligations
on terms at least as favorable to the Lenders as those contained in the documentation governing the Refinanced Debt; and

 

(e)       the
Net Cash Proceeds of such Permitted Refinancing Debt shall be applied, substantially concurrently with the incurrence thereof,
to repayment of the Refinanced Debt.

 

“Permitted Sale
Leaseback Transaction”: any Sale Leaseback Transaction in respect of property consisting of equipment or capital assets
so sold pursuant to such Sale Leaseback Transaction solely for cash consideration in an amount not less than the fair market value
thereof so long as the Borrower and its Restricted Subsidiaries shall comply with Section 2.12(b).

 

    	34

     

    

 

“Person”:
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”:
at a relevant time, any employee pension benefit plan (other than a Multiemployer Plan) as defined in Section 3(2) of ERISA and
in respect of which Holdings, the Borrower or any of their respective Subsidiaries has any obligation or liability, contingent
or otherwise.

 

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

 

“Planned Expenditures”:
as defined in the definition of “Excess Cash Flow”.

 

“Pledged Securities”:
as defined in the Guarantee and Collateral Agreement.

 

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

 

“Pro Forma Adjustments”:
for any period, any reduction in costs (including “run rate” cost savings and operating expense reductions), any synergies
or related adjustments determined by the Borrower in good faith that were or are attributable to any Acquisition that occurred
during the four quarter period or after the end of the four quarter period and on or prior to the applicable calculation date or
are projected by the Borrower in good faith to be realized as a result of actions taken or expected to be taken during such period
or within the succeeding eighteen (18) months (calculated on a pro forma basis as though such cost savings, synergies or adjustments
had been realized on the first day of such period); provided that (1) such cost savings, synergies and adjustments are reasonably
identifiable and factually supportable (in the good faith determination of the Borrower) and expected to have a continuing impact
and (2) such cost savings, synergies and adjustments are commenced within eighteen (18) months of the date thereof in connection
with such actions.

 

“Property”:
any right or interest in or to property of any kind whatsoever, whether real, personal or mixed and whether tangible or intangible,
including, without limitation, Capital Stock and Intellectual Property.

 

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

 

“Purchasing
Borrower Party”: Holdings, the Borrower or any of its Restricted Subsidiaries that becomes an Assignee pursuant to Section
10.6(b).

 

“Qualified Capital
Stock”: any Capital Stock that is not Disqualified Capital Stock.

 

“Qualified Equity
Issuance”: any issuance by Holdings or any direct or indirect parent of Holdings of its Capital Stock (other than Disqualified
Capital Stock) in a public or private offering which has been contributed directly or indirectly in cash as common equity to Holdings
and from Holdings to the Borrower.

 

    	35

     

    

 

“Qualified Tax
Transaction”: any Acquisition or Investment designated by the Borrower as a Qualified Tax Transaction at the time such
Acquisition or Investment is consummated and made by the Borrower or any Restricted Subsidiary in a Person that is a Restricted
Subsidiary (a “Qualified Tax Transaction Subsidiary”) for tax planning and reorganization purposes that the
Borrower reasonably expects in good faith to result in tax benefits to itself and its Restricted Subsidiaries; provided
that as of the last day of the most recently ended four fiscal quarter period ending on or prior to the date of determination,
such Qualified Tax Transaction Subsidiary does not have (a) assets in excess of 5.0% of Consolidated Total Assets, individually,
or, when combined with the assets of all other Qualified Tax Transaction Subsidiaries as of such date of determination, 10.0% of
Consolidated Total Assets and (b) Consolidated EBITDA for the period of four consecutive fiscal quarters ending on such date in
excess of 5.0% of the Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for such period, individually or, when
combined with the Consolidated EBITDA of all other Qualified Tax Transaction Subsidiaries as of such date of determination, 10.0%
of the Consolidated EBITDA of the Borrower and its Restricted Subsidiaries for such period.

 

“Qualified Tax
Transaction Subsidiary”: as defined in the definition of “Qualified Tax Transaction”.

 

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

 

“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 the Borrower or any Restricted Subsidiary, in an amount for each such event exceeding $5,000,000.

 

“Refinanced
Debt”: with respect to any Permitted Refinancing Debt, the applicable Indebtedness refinanced, extended, renewed or replaced
or by such Permitted Refinancing Debt.

 

“Refinancing
Amendment”: an amendment to this Agreement, in form and substance reasonably satisfactory to the Administrative Agent
and the Borrower, among the Borrower, the Administrative Agent and the lenders providing Refinancing Debt, effecting the incurrence
of such Refinancing Debt in accordance with Section 2.30.

 

“Refinancing
Debt”: as defined in Section 2.30.

 

“Refinancing
Incremental Equivalent Debt”: one or more series of senior unsecured notes or loans, or senior secured notes or loans
(which Indebtedness, if secured, may either have the same Lien priority as the Obligations or may be secured by a Lien ranking
junior to the Lien securing the Obligations), in each case issued or incurred in respect of a refinancing of outstanding Indebtedness
of the Borrower under any one or more tranches of Term Loans or all or any portion of the Incremental Equivalent Debt with the
consent of the Administrative Agent (which consent shall not be unreasonably withheld, delayed or conditioned); provided
that:

 

(a)       such
Refinancing Incremental Equivalent Debt shall not have a principal or commitment amount (or accreted value) greater than the Term
Loans or Incremental Equivalent Debt, as applicable, being refinanced (excluding accrued interest, fees, discounts, premiums or
expenses (including original issuance discount, upfront fees and similar items));

 

(b)       such
Refinancing Incremental Equivalent Debt shall have a maturity date that is no earlier than the Latest Term Maturity Date in effect
at the time of such refinancing, and have a Weighted Average Life to Maturity that is not shorter than the then remaining Weighted
Average Life to Maturity of the then longest outstanding tranche of Term Loans in effect at the time of such refinancing;

 

    	36

     

    

 

(c)       such
Refinancing Incremental Equivalent Debt shall not be subject to any mandatory prepayment or redemption provisions or rights (other
than customary asset sale or change of control provisions);

 

(d)       such
Refinancing Incremental Equivalent Debt shall have material terms and conditions (other than terms with respect to interest rate
and optional prepayment or redemption) that are not more favorable, taken as a whole (as determined by the Borrower in good faith),
to the lenders or noteholders, as applicable, providing such Refinancing Incremental Equivalent Debt than the terms and conditions
of this Agreement, except for covenants or other provisions applicable only during periods after the later of the Latest Revolving
Termination Date and the Latest Term Maturity Date in effect at the time of such refinancing or are applied to the relevant Term
Facility or Revolving Facility existing at the time of the incurrence of such Incremental Facility (so that the existing Lenders
also receive the benefit of such provisions); and

 

(e)       such
Refinancing Incremental Equivalent Debt shall not be guaranteed by any Person that is not a Guarantor;

 

(f)       if
secured, such Refinancing Incremental Equivalent Debt shall be subject to customary intercreditor arrangements reasonably acceptable
to the Administrative Agent; and

 

(g)       the
Net Cash Proceeds of such Refinancing Incremental Equivalent Debt shall be applied, substantially concurrently with the incurrence
thereof, to the pro rata prepayment of outstanding Term Loans or Incremental Equivalent Debt being so refinanced.

 

“Refinancing
Revolving Facility”: as defined in Section 2.30.

 

“Refinancing
Term Facility”: as defined in Section 2.30.

 

“Register”:
as defined in Section 10.6(b)(iv).

 

“Regulation
U”: Regulation U of the Board as in effect from time to time.

 

“Reimbursement
Obligation”: the obligation of the Borrower to reimburse an Issuing Lender pursuant to Section 3.5 for amounts
drawn under Letters of Credit issued by such Issuing Lender.

 

“Reinvestment
Deferred Amount”: with respect to any Reinvestment Event, the aggregate Net Cash Proceeds received by the Borrower or
any Restricted Subsidiary for its own account in connection therewith that are not paid to the Administrative Agent pursuant to
Section 2.12(b) as a result of the delivery of a Reinvestment Notice.

 

“Reinvestment
Event”: any Asset Sale or Recovery Event in respect of which a Loan Party has delivered a Reinvestment Notice.

 

“Reinvestment
Notice”: a written notice signed on behalf of the Borrower or any Restricted Subsidiary by a Responsible Officer stating
that the Borrower or such Restricted Subsidiary (directly or indirectly through a Restricted Subsidiary) intends and expects to
use all or a specified portion of the Net Cash Proceeds of an Asset Sale (other than an Asset Sale described in clause (b) of the
definition thereof) or Recovery Event to acquire or repair assets useful in its (or such Restricted Subsidiary’s) Business.

 

    	37

     

    

 

“Reinvestment
Prepayment Amount”: with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any
amount contractually committed to be expended prior to the relevant Reinvestment Prepayment Date (a “Committed Reinvestment
Amount”), or actually expended prior to such date, in each case to acquire or repair assets useful in the Business.

 

“Reinvestment
Prepayment Date”: with respect to any Reinvestment Event, the earlier of (i) the date occurring 365 days after such Reinvestment
Event and (ii) with respect to any portion of a Reinvestment Deferred Amount, the date on which the Borrower or any Restricted
Subsidiary shall have determined not to acquire or repair assets useful in its or such Restricted Subsidiary’s business or
in connection with a Permitted Acquisition with such portion of such Reinvestment Deferred Amount.

 

“Related Parties”:
as to any Person, such Person’s Affiliates and the partners, directors, officers, employees, agents, attorneys-in-fact, trustees,
administrators, managers, advisors and representatives of such Person and of such Person’s Affiliates.

 

“Release”:
any release, spill, emission, leaking, pumping, pouring, injection, deposit, dumping, emptying, disposal, discharge, dispersal,
leaching or migration into the indoor or outdoor environment, or into or out of any property.

 

“Removal Effective
Date”: as defined in Section 9.8.

 

“Repatriation
Limitation”: as defined in Section 2.12(g).

 

“Reportable
Event”: with respect to any Single Employer Plan, any of the events set forth in Section 4043(c) of ERISA, other than
those events as to which the thirty day notice period has been waived by the PBGC in accordance with the regulations thereunder.

 

“Representatives”:
as defined in Section 10.14.

 

“Repricing Event”:
(a) any prepayment or repayment of Term Loans with the proceeds of, or any conversion of Term Loans into, any new or replacement
tranche of secured term loans that are broadly syndicated to banks and other institutional investors in financings similar to the
Term Loans the primary purpose of which is to reduce the Effective Yield to an amount that is less than the Effective Yield applicable
to the Closing Date Term Loans and (b) any amendment to the Term Facility the primary purpose of which is to reduce the Effective
Yield applicable to the Closing Date Term Loans (it being understood that any prepayment premium with respect to a Repricing Event
shall apply to any required assignment by a non-consenting Lender in connection with any such amendment pursuant to Section
2.24(b)(y)), other than, in the case of each of clauses (a) and (b), in connection with an IPO, a Change of Control
or a Transformative Acquisition.

 

“Required Lenders”:
at any time, the holders of more than 50% of the sum of (i) the aggregate unpaid principal amount of the Term Loans then outstanding
and (ii) the Revolving Commitments then in effect or, if the Revolving Commitments have been terminated, the Revolving Extensions
of Credit then outstanding; provided that for purposes of determining the Required Lenders at any time, there shall be excluded
from such calculation that portion of the aggregate unpaid principal amount of the Term Loans then outstanding that are held by
Affiliated Lenders. Such portion of the Commitments, the sum of the aggregate unpaid principal amount of the Term Loans then outstanding
and the Revolving Commitments or, the Revolving Extensions of Credit then outstanding, as applicable, held or deemed held by a
Defaulting Lender shall be excluded for purposes of determining the Required Lenders at any time.

 

    	38

     

    

 

“Required Revolving
Credit Lenders”: at any time, the holders of more than 50% of the Revolving Commitments then in effect or, if the Revolving
Commitments have been terminated, the Revolving Extensions of Credit then outstanding; provided that for purposes of determining
the Required Revolving Credit Lenders at any time, such portion of the Revolving Commitments or the Revolving Extensions of Credit
then outstanding, as applicable, held or deemed held by a Defaulting Lender shall be excluded for purposes of determining the Required
Revolving Credit Lenders at any time.

 

“Required Term
Loan Lenders”: at any time, the holders of more than 50% of the sum of the aggregate unpaid principal amount of the Term
Loans then outstanding; provided that for purposes of determining the Required Term Loan Lenders at any time, there shall
be excluded from such calculation that portion of the aggregate unpaid principal amount of the Term Loans then outstanding that
are held by Affiliated Lenders. Such portion of the aggregate unpaid principal amount of the Term Loans then outstanding held or
deemed held by a Defaulting Lender shall be excluded for purposes of determining the Required Term Loan Lenders at any time.

 

“Requirement
of Law”: as to any Person, the certificate of incorporation and by-laws or other organizational or governing documents
of such Person, and any law, treaty, rule or regulation or determination of a court or other Governmental Authority, in each case
applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject.

 

“Responsible
Officer”: the chief executive officer, president, chief financial officer (or similar title), chief operating officer,
controller or treasurer (or similar title) of Holdings or the Borrower, as applicable, or (with respect to Section 6.7)
any Restricted Subsidiary and, with respect to financial matters, the chief financial officer (or similar title) or treasurer (or
similar title) of Holdings or the Borrower, as applicable.

 

“Restricted
Payments”: as defined in Section 7.6.

 

“Restricted
Subsidiary”: any Subsidiary of the Borrower other than an Unrestricted Subsidiary, and, solely for purposes of Section
7.16, Atlantic Aviation Oklahoma City, Inc., a Delaware corporation, and each of its Subsidiaries as of the Closing Date.

 

“Retained Declined
Proceeds”: as defined in Section 2.12(f).

 

“Revolving Commitment
Period”: the period commencing on the Closing Date to but excluding the Revolving Termination Date.

 

“Revolving Commitments”:
as to any Lender, the obligation of such Lender, if any, to make Revolving Loans and participate in Letters of Credit in an aggregate
principal and/or face amount not to exceed the amount set forth opposite such Lender’s name on Appendix A-1, or, in
the Assignment and Assumption (or Incremental Joinder Agreement, as the case may be) pursuant to which such Lender became a party
hereto, as the same may be changed from time to time pursuant to the terms hereof. The aggregate amount of the Revolving Commitments
on the Closing Date is $350,000,000.

 

“Revolving Extensions
of Credit”: as to any Revolving Lender at any time, an amount equal to the sum of (a) the aggregate principal amount
of all Revolving Loans held by such Lender then outstanding and (b) such Lender’s Revolving Percentage of the L/C Obligations
then outstanding.

 

    	39

     

    

 

“Revolving Facility”:
the Revolving Commitments and the Revolving Loans made thereunder.

 

“Revolving Facility
Increase”: as defined in Section 2.25(a).

 

“Revolving Lender”:
each Lender that has a Revolving Commitment or that holds Revolving Loans.

 

“Revolving Loans”:
as defined in Section 2.4, and for the avoidance of doubt, to include any Revolving Loans made in connection with a Revolving
Facility Increase. Unless the context shall otherwise require, “Revolving Loans” shall include any Extended Revolving
Loans and any loans under the Refinancing Revolving Facility.

 

“Revolving Percentage”:
as to any Revolving Lender at any time, the percentage which such Lender’s Revolving Commitment then constitutes of the aggregate
Revolving Commitments of all Lenders or, at any time after the Revolving Commitments shall have expired or terminated, the percentage
which the aggregate principal amount of such Lender’s Revolving Loans then outstanding constitutes of the aggregate principal
amount of the Revolving Loans then outstanding, provided that in the event that the Revolving Loans are paid in full prior
to the reduction to zero of the Revolving Extensions of Credit, the Revolving Percentage of any Revolving Lender shall be determined
by dividing (x) such Lender’s Revolving Percentage of the L/C Obligations then outstanding by (y) all of the L/C Obligations
then outstanding.

 

“Revolving Termination
Date”: December 6, 2023.

 

“Sale Leaseback
Transaction”: any arrangement with any Person providing for the leasing by the Borrower or any Restricted Subsidiary
of real or personal property which has been or is to be sold or transferred by the Borrower or such Restricted 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 Restricted Subsidiary.

 

“Sanction(s)”:
any economic or financial sanctions or trade embargoes administered or enforced by OFAC, the United States Department of Commerce,
the United States Department of State, the United Nations Security Council, the European Union, Her Majesty’s Treasury or
other relevant sanctions authority.

 

“S&P”:
Standard & Poor’s Ratings Group, Inc., or any successor to the rating agency business thereof.

 

“SEC”:
the Securities and Exchange Commission (or successors thereto or an analogous Governmental Authority).

 

“Secured Parties”:
collectively, the Lenders, the Administrative Agent, the Collateral Agent, any Issuing Lender, any Hedge Counterparty, any Cash
Management Counterparty, any other holder from time to time of any of the Obligations (in their capacities as holders thereof)
and, in each case, their respective successors and permitted assigns.

 

“Security Documents”:
the collective reference to the Guarantee and Collateral Agreement, the Mortgages and all other security documents hereafter delivered
to the Administrative Agent purporting to grant a Lien on any Property of any Loan Party to secure the Obligations.

 

    	40

     

    

 

“Services Agreement”:
that certain Services Agreement dated as of January 1, 2015 between Macquarie Infrastructure Company LLC and Macquarie Infrastructure
Company Inc. and certain of their subsidiaries as amended or replaced on substantially similar terms that are not materially adverse
to the interests of the Lenders.

 

“Single Employer
Plan”: any Plan that is covered by Title IV of ERISA (other than a Multiemployer Plan), as to which Holdings, the Borrower
or any Commonly Controlled Entity has any obligation or liability, contingent or otherwise.

 

“Sold Entity
or Business”: as set forth in the definition of the term “Consolidated EBITDA”.

 

“Solvent”:
with respect to any Person, as of any date of determination, (a) the amount of the “present fair saleable value” of
the property and assets of such Person will, as of such date, exceed the amount of all “liabilities of such Person, contingent
or otherwise”, as of such date, as such quoted terms are determined in accordance with applicable federal and state Laws
governing determinations of the insolvency of debtors, (b) the present fair saleable value of the property and assets of such Person
will, as of such date, be greater than the amount that will be required to pay the liabilities of such Person on its debts as such
debts become absolute and matured, (c) such Person will not have, as of such date, an unreasonably small amount of capital with
which to conduct its business and (d) such Person will be able to pay its debts as they mature. For purposes of this definition,
(i) “debt” means liability on a “claim”, (ii) “claim” means any (x) right to
payment, whether or not such a right is reduced to judgment, liquidated, unliquidated, fixed, contingent, matured, unmatured, disputed,
undisputed, legal, equitable, secured or unsecured or (y) right to an equitable remedy for breach of performance if such breach
gives rise to a right to payment, whether or not such right to an equitable remedy is reduced to judgment, fixed, contingent, matured
or unmatured, disputed, undisputed, secured or unsecured and (iii) except as otherwise provided by applicable law, the amount of
“contingent liabilities” at any time shall be the amount thereof which, in light of all the facts and circumstances
existing at such time, can reasonably be expected to become actual or matured liabilities.

 

“Special Flood
Hazard Area”: an area that FEMA has designated as an area subject to special flood or mud slide hazards.

 

“Special Flood
Hazard Property”: any Mortgaged Property that on the relevant date of determination includes a Building (or a Building
in the course of construction) and, as shown on a Flood Hazard Determination, such Building (or Building in the course of construction)
is located in a Special Flood Hazard Area.

 

“Specified Acquisition
Agreement Representations”: such of the representations and warranties made with respect to the target in the merger
agreement, asset purchase agreement, stock purchase agreement, or other agreement (each, an “Acquisition Agreement”)
in respect of a Permitted Acquisition or a similar Investment constituting a Limited Condition Transaction permitted under Section
7.7 as are material to the interests of the Lenders providing an Incremental Facility (in their capacities as such), but only
to the extent that Holdings or the Borrower (or their applicable Affiliates) has the right (taking into account any applicable
cure provisions) to terminate their (or such Affiliates’) obligations under the Acquisition Agreement, or decline to consummate
the acquisition or Investment (in each case, in accordance with the terms thereof), as a result of a breach of such representations
and warranties.

 

“Specified Event
of Default”: any Event of Default under Sections 8.1(a) or (f).

 

    	41

     

    

 

“Specified Hedge
Agreement”: any Hedge Agreement entered into by (i) the Borrower or any Restricted Subsidiary and (ii) any Hedge Counterparty
at the time such Hedge Agreement was entered into, as counterparty. The status of any Hedge Agreement as a Specified Hedge Agreement
shall not create in favor of the Lender or Affiliate thereof that is a party thereto any rights in connection with the management
or release of any Collateral or of the obligations of any Guarantor under the Guarantee and Collateral Agreement.

 

“Specified Investment”
means an Investment permitted by Section 7.7(f), (g), (p), (x), (bb), (cc) or (dd),
in each case in the nature of an acquisition or an investment in a joint venture; provided that for purposes of calculating
Excess Cash Flow with respect to (x) Section 7.7(x), to the extent such Restricted Payments are subtracted pursuant to clause
(2)(h) of the definition of Excess Cash Flow, such amounts shall not also be subtracted pursuant to clause (2)(b) of
the definition of Excess Cash Flow.

 

“Specified Representations”:
each of the representations and warranties made by any Loan Party in or pursuant to Sections 4.3(a)(i), 4.4(a) and
(c), 4.5(a), 4.11, 4.13, 4.17 (to the extent of filing an “all assets” UCC-1 and
delivering certificated securities (if applicable)), 4.18 and 4.20.

 

“Sponsor”:
Macquarie Infrastructure Corporation.

 

“Standby Letter
of Credit”: as defined in Section 3.1.

 

“Subordinated
Sponsor Indebtedness”: unsecured Indebtedness incurred by the Borrower from the Sponsor or a Parent Holding Company;
provided that such Indebtedness (a) is subordinated in right of payment to the Obligations and is subject to a subordination
agreement in form and substance reasonably satisfactory to the Administrative Agent (a “Subordination Agreement”);
(b) provides for no scheduled amortization payments prior to, matures no earlier than, and is not subject to mandatory redemption,
repurchase, prepayment or sinking fund obligation (other than pursuant to customary offers to repurchase upon a change of control
(so long as any rights of the holders thereof upon the occurrence of a change of control shall be subject to the prior repayment
in full in cash of the Loans and all other obligations under the Loan Documents and the termination of the Commitments) or customary
acceleration rights after an event of default, subject to the Subordination Agreement) prior to, the date that is one year after
the later of the Latest Revolving Termination Date and the Latest Term Maturity Date, (c) is not guaranteed by any Subsidiary of
the Borrower and does not otherwise provide that any Subsidiary of the Borrower is obligated as to the payment thereof, (d) contains
terms that do not provide for any financial maintenance covenants or any cross default to the Indebtedness hereunder, and (e) is
governed by documentation containing representations, warranties, covenants and events of default no more burdensome or restrictive
than those contained in the Loan Documents; provided further that no interest or voluntary principal prepayments on such
Indebtedness shall be permitted, except to the extent permitted as a Restricted Payment under Sections 7.6(f), 7.6(g)
or 7.6(k).

 

“Subsidiary”:
as to any Person, a corporation, partnership, limited liability company or other entity 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
or other entity are at the time owned, directly or indirectly through one or more intermediaries, or both, by such Person. 
Unless otherwise qualified, all references to a “Subsidiary” or to “Subsidiaries” in this Agreement shall
refer to a direct or indirect Subsidiary or Subsidiaries of the Borrower; provided that in determining the percentage of
ownership interests of any Person controlled by another Person, no ownership interest in the nature of a director’s “qualifying
share” of the former Person shall be deemed to be outstanding.

 

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“Subsidiary
Guarantors”: each Restricted Subsidiary that is also a wholly-owned Domestic Subsidiary (other than an Excluded Domestic
Subsidiary).

 

“Taxes”:
any and all present or future taxes, levies, imposts, deductions, withholdings (including backup withholding), assessments, fees
or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.

 

“Tax Sharing
Agreement”: that certain 2nd Amended and Restated Macquarie Infrastructure Company LLC Income Tax Sharing Agreement,
dated as of December 24, 2009, by and among Macquarie Infrastructure Company LLC, a Delaware limited liability company, and its
Subsidiaries signatory thereto, as in effect on the Closing Date, and as amended or replaced on substantially similar terms that
are not materially adverse to the interests of the Lenders.

 

“Term Commitment”:
as to any Lender, the obligation of such Lender, if any, to make a Term Loan to the Borrower in a principal amount not to exceed
the amount set forth opposite such Lender’s name on Appendix A-2, or in the Incremental Joinder Agreement pursuant
to which such Lender became a party hereto. The original aggregate amount of the Term Commitments on the Closing Date is $1,025,000,000.

 

“Term Facility”:
the Term Commitments and the Term Loans made thereunder.

 

“Term Lender”:
each Lender that has a Term Commitment or that holds a Term Loan.

 

“Term Loan”:
as defined in Section 2.1. Unless the context shall otherwise require, “Term Loan” shall include any New Term
Loans, Extended Term Loan and any loans under the Refinancing Term Facility.

 

“Term Loan Increase”:
as defined in Section 2.25.

 

“Term Maturity
Date”: December 6, 2025.

 

“Term Percentage”:
as to any Term Lender at any time, the percentage which the sum of such Lender’s Term Commitments then constitutes of the
aggregate Term Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such
Lender’s Term Loans then outstanding constitutes of the aggregate principal amount of the Term Loans then outstanding).

 

“Trade Date”:
as defined in Section 10.6(b)(i).

 

“Transactions”:
collectively, (a) the consummation of the Closing Date Refinancing; (b) the execution and delivery of the Loan Documents and
the incurrence of the obligations thereunder, and (c) the payment of all fees and expenses to be paid on or prior to the Closing
Date and owing in connection with the foregoing.

 

“Transformative
Acquisition”: any acquisition by Holdings, the Borrower or any other Restricted Subsidiary that (i) is not permitted
by the terms of the Loan Documents immediately prior to the consummation of such acquisition or (ii) would result in an upsizing
of the Facilities.

 

“Trigger Date”:
as defined in Section 2.12(b).

 

“Type”:
as to any Loan, its classification as an ABR Loan or a Eurodollar Loan.

 

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“UCC”:
the Uniform Commercial Code of the State of New York, as in effect on the date hereof.

 

“United States”:
the United States of America.

 

“Unrestricted
Subsidiary”: any Subsidiary of the Borrower designated by the Borrower as an Unrestricted Subsidiary pursuant to Section
6.14.

 

“U.S. Person”:
any Person that is a “United States Person” as defined in Section 7701(a)(30) of the Code.

 

“U.S. Tax Compliance
Certificate”: as defined in Section 2.20(f)(b)(ii)(D).

 

“Weighted Average
Life to Maturity”: when applied to any Indebtedness at any date, the number of years obtained by dividing: (a) the sum
of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial maturity or other
required payments of principal, including payment at final maturity, in respect thereof, by (ii) the number of years (calculated
to the nearest one-twelfth) that will elapse between such date and the making of such payment by (b) the then outstanding principal
amount of such Indebtedness; provided that for purposes of determining the Weighted Average Life to Maturity of any Indebtedness
being refinanced or any Indebtedness that is being modified, refinanced, refunded, renewed, replaced or extended (the “Applicable
Indebtedness”), the effects of any amortization or prepayments made on such Applicable Indebtedness prior to the date
of the applicable modification, refinancing, refunding, renewal, replacement or extension shall be disregarded.

 

“Withholding
Agent”: the Borrower and the Administrative Agent.

 

“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 Provisions. (a) Unless otherwise specified therein, all terms defined
in this Agreement shall have the defined meanings when used in the other Loan Documents or any certificate or other document made
or delivered pursuant hereto or thereto.

 

(b)       As
used herein and in the other Loan Documents, and any certificate or other document made or delivered pursuant hereto or thereto:
(i) accounting terms relating to Holdings, the Borrower and their respective Subsidiaries not defined in Section 1.1 and
accounting terms partly defined in Section 1.1, to the extent not defined, shall have the respective meanings given to them
under GAAP; (ii) the words “include”, “includes” and “including” shall be deemed to be followed
by the phrase “without limitation”; and (iii) references to agreements or other Contractual Obligations shall,
unless otherwise specified, be deemed to refer to such agreements or Contractual Obligations as amended, supplemented, restated
or otherwise modified from time to time. Notwithstanding any other provision contained herein, all terms of an accounting or financial
nature used herein shall be construed, and all computations of amounts and ratios referred to in Section 7 shall be made,
without giving effect to any election under Statement of Financial Accounting Standards 159 (or any other Financial Accounting
Standard having a similar result or effect) to value any Indebtedness or other liabilities of any Loan Party or any Subsidiary
of any Loan Party at “fair value.”

 

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(c)       Unless
otherwise specified herein, any calculation of the Consolidated Total Leverage Ratio and Consolidated First Lien Leverage Ratio
shall be determined based on the most recently ended fiscal quarter for which financial statements are required to be delivered
pursuant to Section 6.1(a) or (b), as applicable, prior to the applicable date of determination and subject to pro
forma adjustments to the extent specified in any applicable provision.

 

(d)       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 Annex, Section, Schedule and
Exhibit references are to this Agreement unless otherwise specified.

 

(e)       The
term “license” shall include sub-license.

 

The meanings given to terms defined herein
shall be equally applicable to both the singular and plural forms of such terms.

 

1.3         LCT
Election.

 

(a)       In
connection with any action being taken solely 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 First Lien Leverage Ratio or
Consolidated Total Leverage Ratio;

 

(ii)       determining
the accuracy of representations and warranties in Section 4 and/or whether a Default or Event of Default shall have
occurred and be continuing under Section 8; or

 

(iii)       testing
availability under baskets set forth in this Agreement (including baskets measured as a percentage of Consolidated EBITDA or Consolidated
Total Assets);

 

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 the definitive agreements for such Limited Condition Transaction are entered into, the date of public announcement
of the intention to consummate such Limited Condition Transaction, or the date of the declaration or making of the applicable irrevocable
notice of repayment, repurchase or redemption, 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 of Indebtedness and the use of proceeds thereof) as if they had occurred at the beginning of the most recent four
fiscal quarter period ending prior to the LCT Test Date, the Borrower could have taken such action on the relevant LCT Test Date
in compliance with such ratio, representation, warranty, absence of default or event of default or basket, such ratio, representation,
warranty, absence of default or event of default or basket shall be deemed to have been complied with.

 

    	45

     

    

 

(b)       For
the avoidance of doubt, if the Borrower has made an LCT Election and any of the ratios or baskets for which compliance was determined
or tested as of the LCT Test Date are exceeded as a result of fluctuations in any such ratio or basket due to fluctuations in Consolidated
EBITDA of the Borrower or the Person subject to such Limited Condition Transaction at or prior to the consummation of the relevant
transaction or action, such ratios or baskets 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 or basket availability with respect to the incurrence of Indebtedness or Liens, or the making of Restricted Payments,
mergers, the conveyance, lease or other transfer of all or substantially all of the assets of the Borrower, the prepayment, redemption,
purchase, defeasance or other satisfaction of Indebtedness, or the designation of an Unrestricted Subsidiary on or following the
relevant LCT Test Date and prior to the earlier of (i) the date on which such Limited Condition Transaction is consummated
or (ii) the date that the definitive agreement for such Limited Condition Transaction is terminated or expires without consummation
of such Limited Condition Transaction, any such ratio or basket shall be calculated on a pro forma basis assuming such Limited
Condition Transaction and other transactions in connection therewith (including any incurrence of Indebtedness and the use of proceeds
thereof) have been consummated.

 

1.4         Fixed
and Non-Fixed Baskets; Available Amount and Contribution Amount Transactions.

 

(a)       Notwithstanding
anything in this Agreement or any Loan Document to the contrary, in calculating any Non-Fixed Basket: any amounts incurred, or
transactions entered into or consummated, in reliance on a Fixed Basket (including clause (w) of the Incremental Amount)
in a concurrent transaction, a single transaction or a series of related contemporaneous transactions with the amount incurred,
or transaction entered into or consummated, under an applicable Non-Fixed Basket shall be disregarded in the calculation of such
Non-Fixed Basket; provided that full pro forma effect shall be given to all applicable and related transactions (including
the use of proceeds of all applicable Indebtedness incurred and any repayments, repurchases and redemptions of Indebtedness) and
all other adjustments as to which pro forma effect may be given under this Agreement.

 

(b)       If
more than one action occurs on any given date the permissibility of the taking of which is determined hereunder by reference to
the Available Amount or the Contribution Amount, as the case may be, immediately prior to the taking of such action, the permissibility
of the taking of each such action shall be determined independently and in no event may any two or more such actions be treated
as occurring simultaneously, e.g., each transaction must constitute a permitted use of the Available Amount or the Contribution
Amount, as the case may be.

 

Section 2.       AMOUNT
AND TERMS OF COMMITMENTS

 

2.1         Term
Commitments. Subject to the terms and conditions hereof, each Term Lender severally
agrees to make a term loan (a “Term Loan”) in Dollars to the Borrower on the Closing Date in an amount not
to exceed the amount of the Term Commitment of such Lender. The Term Loans may from time to time be Eurodollar Loans or ABR Loans,
as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.13.

 

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2.2         Procedure
for Term Loan Borrowing. The Borrower shall give the Administrative Agent irrevocable
notice, substantially in the form of Exhibit A-1 hereto (which notice must be received by the Administrative Agent not
later than 1:00 P.M., New York City time (x) in the case of ABR Loans, one Business Day prior to the anticipated Closing Date
or (y) in the case of Eurodollar Loans, three Business Days prior to the anticipated Closing Date), requesting that the Term Lenders
make the Term Loans on the Closing Date and specifying (i) the aggregate principal amount to be borrowed, (ii) the requested Borrowing
Date and (iii) whether such Term Loans being incurred are to be made as ABR Loans or, to the extent permitted hereunder, Eurodollar
Loans and, if Eurodollar Loans, the initial Interest Period applicable thereto. Upon receipt of such borrowing notice the Administrative
Agent shall promptly notify each Term Lender thereof. Not later than 3:00 P.M., New York City time, on the Closing Date each Term
Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available funds equal to
the Term Loan or Term Loans to be made by such Lender.

 

2.3         Repayment
of Term Loans. The Borrower shall repay to the Administrative Agent for the ratable
account of the Term Lenders (A) on the last Business Day of each March, June, September and December commencing with
the last Business Day of the first full fiscal quarter after the Closing Date, an aggregate amount equal to $2,562,500 (which
payments shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in
Section 2.18, as applicable) and (B) on the Term Maturity Date for the Term Loans, the aggregate principal amount
of all Term Loans outstanding on such date; provided that the amount of any such payment set forth above shall be adjusted
to account for the addition of any Extended Term Loan or New Term Loans to contemplate (A) the reduction in the aggregate
principal amount of any Term Loans that were converted in connection with the incurrence of such Extended Term Loans, and (B) any
increase to payments to the extent and as required pursuant to the terms of any applicable Incremental Joinder Agreement involving
a Term Loan Increase to the Term Loans, a Refinancing Amendment to the amount of Term Loans or an Extension Amendment increasing
the amount of Term Loans.

 

2.4         Revolving
Commitments. Subject to the terms and conditions hereof, each Revolving Lender
severally agrees to make revolving credit loans (“Revolving Loans”) in Dollars to the Borrower from time to
time during the Revolving Commitment Period in an aggregate principal amount at any one time outstanding which, when added to
such Lender’s Revolving Percentage of the sum of the L/C Obligations then outstanding, after giving effect to the making
of such Revolving Loans, does not exceed the amount of such Lender’s Revolving Commitment. During the Revolving Commitment
Period the Borrower may use the Revolving Commitments by borrowing, prepaying the Revolving Loans in whole or in part, and reborrowing,
all in accordance with the terms and conditions hereof. The Revolving Loans may from time to time be Eurodollar Loans or ABR Loans,
in each case, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and
2.13.

 

2.5         Procedure
for Revolving Loan Borrowing. (a) The Borrower may borrow under the Revolving Commitments
during the Revolving Commitment Period on any Business Day; provided that the Borrower shall give the Administrative Agent
irrevocable notice in writing, substantially in the form of Exhibit A-1 hereto, which notice must be received by the Administrative
Agent (i) in the case of Eurodollar Loans, prior to 11:00 A.M., New York City time, three Business Days prior to the requested
Borrowing Date or (ii) in the case of ABR Loans, prior to 11:00 A.M., New York City time, one Business Day prior to the requested
Borrowing Date (provided, however, that up to a principal amount of $50,000,000 of ABR Loans may be borrowed on
a same day basis if the relevant notice is received by the Administrative Agent prior to 11:00 A.M. New York City Time, on the
request Borrowing Date), specifying (A) the aggregate principal amount and Type of Revolving Loans to be borrowed (provided,
that the aggregate principal amount of Revolving Loans made to the Borrower on the Closing Date, together with the aggregate face
amount of Letters of Credit issued on the Closing Date (other than Existing Letters of Credit), shall not exceed $35,000,000),
(B) the requested Borrowing Date and (C) in the case of Eurodollar Loans, the respective amounts of each such Type of Loan and
the respective lengths of the initial Interest Period therefor. Each borrowing by the Borrower under the Revolving Commitments
shall be in an amount equal to $1,000,000 or a whole multiple of $100,000 in excess thereof (or, if the then aggregate Available
Revolving Commitments are less than $1,000,000, such lesser amount). Upon receipt of any such notice from the Borrower, the Administrative
Agent shall promptly notify each Revolving Lender thereof. Each Revolving Lender will make the amount of its pro rata share
of each borrowing available to the Administrative Agent for the account of the Borrower at the Funding Office prior to 1:00 P.M.,
New York City time, on the Borrowing Date requested by the Borrower in funds immediately available to the Administrative Agent.
Such borrowing will thereupon promptly be made available to the Borrower by the Administrative Agent crediting the account of
the Borrower on the books of such office with the aggregate of the amounts made available to the Administrative Agent by the Revolving
Lenders and in like funds as received by the Administrative Agent.

 

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(b)       If
no election as to the Type of a Revolving Loan is specified, then the requested Loan shall be an ABR Loan. If no Interest Period
is specified with respect to any requested Eurodollar Loan, the Interest Period with respect to such requested Loan shall be for
one month from the Borrowing Date.

 

2.6         [Reserved.]

 

2.7         [Reserved.]

 

2.8          Repayment
of Loans. (a) The Borrower hereby unconditionally promises to pay (i) to the Administrative
Agent for the account of the appropriate Revolving Lender the then unpaid principal amount of each Revolving Loan of such Revolving
Lender made to the Borrower outstanding on the Revolving Termination Date (or on such earlier date on which the Loans become due
and payable pursuant to Section 8.1), and (ii) to the Administrative Agent for the account of the appropriate Term Lender
the principal amount of each outstanding Term Loan of such Term Lender made to the Borrower in installments according to the amortization
schedule set forth in Section 2.3 (or on such earlier date on which the Loans become due and payable pursuant to Section
8.1). The Borrower hereby further agrees to pay interest on the unpaid principal amount of the Loans made to the Borrower
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 Section 2.15.

 

(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)       (i)
The Administrative Agent, on behalf of the Borrower, shall maintain the Register pursuant to Section 10.6(b)(iv), and a
subaccount therein for each Term Lender, in which shall be recorded (A) the amount of each Term Loan made hereunder and any Note
evidencing such Term Loan, the Type of such Term Loan and each Interest Period applicable thereto, (B) the amount of any principal,
interest and fees, as applicable, due and payable or to become due and payable from the Borrower to each Term Lender hereunder
and (C) the amount of any sum received by the Administrative Agent hereunder from the Borrower and each Term Lender’s share
thereof; and (ii) the Administrative Agent, on behalf of the Borrower, shall maintain the Register pursuant to Section 10.6(b)(iv),
and a subaccount therein for each Revolving Lender, in which shall be recorded (A) the amount of each Revolving Loan made hereunder
and any Note evidencing such Revolving Loan, the Type of such Revolving Loan and each Interest Period applicable thereto, (B) the
amount of any principal, interest and fees, as applicable, due and payable or to become due and payable from the Borrower to each
Revolving Lender hereunder and (C) the amount of any sum received by the Administrative Agent hereunder from the Borrower and each
Revolving Lender’s share thereof.

 

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(d)       The
entries made in the Register and the accounts of each Lender maintained pursuant to Section 2.8(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
(absent manifest error); provided, however, that the failure of the Administrative Agent or any Lender 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 or the other obligations of the Borrower to such Lender in accordance with
the terms of this Agreement.

 

(e)       Any
Lender may request that the Loans made by it be evidenced by a promissory note. In such event, the Borrower shall prepare, execute
and deliver to such Lender a promissory note payable to such Lender and its registered assigns and in the form attached hereto
as Exhibit H. Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including
after assignment pursuant to Section 10.6) be represented by one or more promissory notes in such form payable to such payee
and its registered assigns).

 

2.9         Commitment
Fees, etc.. (a) During the period from and including the Closing Date to but excluding
the last day of the Revolving Commitment Period, the Borrower agrees to pay to the Administrative Agent for the account of each
Revolving Lender a commitment fee which shall accrue at a rate per annum equal to the Applicable Margin on the average daily amount
of the Available Revolving Commitment of such Lender during the period for which payment is made, payable quarterly in arrears
on each Fee Payment Date, commencing with the Fee Payment Date of the first full fiscal quarter ending after the Closing Date.

 

(b)       The
Borrower agrees to pay to the Administrative Agent the fees in the amounts and on the dates as set forth in any fee agreements.

 

2.10        Termination
or Reduction of Revolving Commitments. The Borrower shall have the right, upon
not less than three Business Days’ notice to the Administrative Agent, to terminate the Revolving Commitments or, from time
to time, to reduce the amount of the Revolving Commitments; provided that no such termination or reduction of such Revolving
Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Loans made on the effective
date thereof, the total Revolving Extensions of Credit would exceed the total Revolving Commitments. Any such partial reduction
shall be in an amount equal to $500,000, or a whole multiple thereof, and shall reduce permanently the Revolving Commitments then
in effect.

 

2.11        Optional
Prepayments. (a) The Borrower may at any time and from time to time prepay the
Revolving Loans or the Term Loans, in whole or in part without premium or penalty (except as set forth in, and subject to, clause
(c) below), upon irrevocable notice in substantially the form of Exhibit G hereto delivered by the Borrower to the
Administrative Agent no later than 11:00 A.M., New York City time, three Business Days prior thereto, in the case of Eurodollar
Loans, and no later than 11:00 A.M., New York City time, one Business Day prior thereto, in the case of ABR Loans, which notice
shall specify (i) the date and amount of prepayment, (ii) whether the prepayment is of Revolving Loans or Term Loans and (iii)
whether the prepayment is of Eurodollar Loans or ABR Loans; provided that if a Eurodollar Loan is prepaid on any day other
than the last day of the Interest Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to Section 2.21.
Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender thereof. If any such notice
is given, the amount specified in such notice shall be due and payable on the date specified therein (provided that such
notice may be conditioned on receiving the proceeds of any refinancing or Disposition of Property), together with accrued interest
to such date on the amount prepaid. Partial prepayments of Term Loans and Revolving Loans shall be in an aggregate principal amount
of $1,000,000 or a whole multiple of $100,000 in excess thereof, and shall be subject to the provisions of Section 2.18.

 

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(b)       Amounts
to be applied in connection with prepayments pursuant to this Section 2.11 shall be applied to the Obligations in accordance
with Section 2.18. Each prepayment of Loans under this Section shall be accompanied by accrued interest to the date of such
prepayment on the amount prepaid.

 

(c)       Notwithstanding
the foregoing, in the event that, on or prior to the date which is twelve (12) months after the Closing Date, a Repricing Event
occurs with respect to all or any portion of the Term Facility, the Borrower shall pay to the Administrative Agent, for the ratable
account of each of the applicable Term Lenders, (I) in the case of clause (x) of the definition of Repricing Event,
a prepayment premium of 1.00% of the aggregate principal amount of the Closing Date Term Loans so repaid, prepaid, refinanced,
substituted or replaced and (II) in the case of clause (y) of the definition of Repricing Event, a fee equal to 1.00%
of the aggregate principal amount of the applicable Closing Date Term Loans outstanding immediately prior to such amendment that
are subject to an effective pricing reduction pursuant to such Repricing Event. Such amounts shall be due and payable on the date
of effectiveness of such Repricing Event; provided that, for the avoidance of doubt, the Borrower shall not be subject to
the requirements of this Section 2.11 with respect to any Repricing Event occurring after the six (6) month anniversary
of the Closing Date.

 

2.12        Mandatory
Prepayments. (a) If any Indebtedness (other than any Indebtedness permitted to
be incurred in accordance with Section 7.2 or Section 7.14, but excluding any Refinancing Debt and any Refinancing
Incremental Equivalent Debt (in each case, to the extent the proceeds thereof are applied in accordance with the respective definitions))
shall be incurred by Holdings, the Borrower or any Restricted Subsidiary, the Borrower shall pay an amount equal to 100% of the
Net Cash Proceeds of such Indebtedness within one Business Day of the date of receipt thereof to the Administrative Agent to be
applied to the Obligations in accordance with Section 2.18.

 

(b)       If
any of the Borrower or any Restricted Subsidiary shall for its own account receive Net Cash Proceeds from any Asset Sale or Recovery
Event then, unless a Reinvestment Notice shall be delivered in respect thereof (within three Business Days of such receipt), the
Borrower shall pay an amount equal to 100% of such Net Cash Proceeds within three Business Days of the date of receipt thereof
to the Administrative Agent to be applied to the Obligations in accordance with Section 2.18; provided that notwithstanding
the foregoing, (i) on each Reinvestment Prepayment Date, an amount equal to the Reinvestment Prepayment Amount with respect to
the relevant Reinvestment Event shall be paid to the Administrative Agent to be applied to the Obligations in accordance with Section 2.18
and (ii) on the date (the “Trigger Date”) that is 180 days after any such Reinvestment Prepayment Date, an amount
equal to the portion of any Committed Reinvestment Amount with respect to the relevant Reinvestment Event not actually expended
by such Trigger Date shall be paid to the Administrative Agent to be applied to the Obligations in accordance with Section 2.18;
provided further, that no prepayment pursuant to this Section 2.12(b) shall be required to the extent that the Net
Cash Proceeds received by the Borrower and the Restricted Subsidiaries, taken as a whole, from any Asset Sales or Recovery Events
(or series of related Asset Sales or Recovery Events) are less than (A) $5,000,000 per Asset Sale or Recovery Event (or series
of related Asset Sales or Recovery Events) or (B) $10,000,000 in the aggregate in any twelve month period.

 

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(c)       Upon
the consummation of an IPO, the Borrower shall prepay an aggregate principal amount of Term Loans equal to 50% of all Net Cash
Proceeds received therefrom within one Business Day of the date of receipt thereof by the Borrower, Holdings or the applicable
Parent Holding Company, to the Administrative Agent to be applied to the Obligations in accordance with Section 2.18.

 

(d)       Commencing
with respect to the fiscal year ending December 31, 2019, not later than thirty (30) days after the date on which the Borrower
is required to deliver financial statements with respect to the end of such Excess Cash Flow Period under Section 6.1(a),
if the Consolidated Total Leverage Ratio (as determined of the last day of such Excess Cash Flow Period) is greater than 4.50:1.00,
the Borrower shall calculate Excess Cash Flow for the relevant Excess Cash Flow Period (the “Excess Cash Flow Calculation
Date”) and the Borrower shall prepay the Term Loans, without premium or penalty (but subject to Section 2.21),
in an amount equal to (i) the ECF Required Percentage times the amount of such Excess Cash Flow, minus (ii) in each case
to the extent not financed with the proceeds of the incurrence of Indebtedness having a maturity more than twelve months from the
date of incurrence thereof and not previously deducted pursuant to this clause (ii) in any prior period, the amount
of any voluntary prepayments during such Excess Cash Flow Period and, at the option of the Borrower, made after the end of such
Excess Cash Flow Period and on or prior to the Excess Cash Flow Calculation Date, of (1) Term Loans (provided, that with
respect to any prepayment of Term Loans below the par value thereof, the aggregate amount of such prepayment for purposes of this
clause shall be the amount of the Borrower’s cash payment in respect of such prepayment), (2) Revolving Loans or
Incremental Revolving Loans (in each case, to the extent commitments in respect thereof are permanently reduced by the amount of
such prepayments), (3) Refinancing Loans, Incremental Loans, Incremental Equivalent Debt and any other Indebtedness permitted
under Section 7.1 that in each case is secured by the Collateral on a pari passu basis with the Obligations and (4) any
Refinancing Indebtedness in respect of any of the foregoing that is secured by the same collateral, and with the same priority,
as the Indebtedness being refinanced, in each case, permitted hereunder; provided, however, that no prepayment pursuant
to this Section 2.12(d) shall be required with respect to any Excess Cash Flow Period for which (y) the Consolidated Total
Leverage Ratio (as determined of the last day of such Excess Cash Flow Period) is less than or equal to 4.50:1.00 or (z) such prepayment
would be less than $5,000,000.

 

(e)       Amounts
to be applied in connection with prepayments pursuant to Section 2.12 shall be applied to the Obligations in accordance
with Section 2.18.

 

(f)        Notwithstanding
anything in this Section 2.12 to the contrary, any Lender may elect, by notice to the Administrative Agent by telephone
(confirmed by hand delivery, facsimile transmission or PDF attachment to an e-mail) at least one Business Day prior to the required
prepayment date, to decline all or any portion of any mandatory prepayment of its Loans pursuant to this Section 2.12 (other
than Section 2.12(a)) (such declined amounts, the “Declined Proceeds”), in which case the aggregate amount
of the prepayment that would have been applied to prepay Loans but was so declined may be retained by Borrower and used for any
general corporate purpose not prohibited by this Agreement (“Retained Declined Proceeds”).

 

(g)        Notwithstanding
the foregoing, to the extent that any Net Cash Proceeds in respect of any Asset Sale or Casualty Event or any Excess Cash Flow
attributable to a Foreign Subsidiary that is required to be applied to prepay the Term Loans pursuant to Sections 2.12(b)
or (d), (i) would be prohibited or restricted under applicable local Law (including, without limitation, as a result
of Laws relating to financial assistance, corporate benefit, restrictions on upstreaming of cash intragroup and fiduciary and statutory
duties of directors of relevant subsidiaries) or the organizational documents (including, without limitation, as a result of minority
ownership of such Foreign Subsidiary), or (ii) would result in material adverse tax consequences as determined by the Borrower
in its good faith judgment (including, without limitation, as a result of any withholding of cash or the upstreaming of cash),
then in each case, the Borrower shall not be required to prepay such amounts (the “Excluded Amounts”) as required
under Sections 2.12(b) or (d) (any such limitation, a “Repatriation Limitation”). The non-application
of the Excluded Amounts pursuant to Sections 2.12(b) or (d) as a consequence of any Repatriation Limitation will
not constitute a Default or an Event of Default hereunder. Excluded Amounts shall be allocated among Restricted Subsidiaries in
various jurisdictions determined by the Borrower and the Excluded Amounts shall be available for working capital or other purposes
of the Borrower, the Foreign Subsidiary or any Restricted Subsidiary. Excluded Amounts shall not be deemed to be Net Cash Proceeds
or Excess Cash Flow, as the case may be, regardless of whether the Repatriation Limitation ceases to apply after such initial determination.

 

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2.13        Conversion
and Continuation Options. (a) The Borrower may elect from time to time to convert
Eurodollar Loans to ABR Loans by giving the Administrative Agent prior irrevocable notice substantially in the form of Exhibit
A-2 hereto of such election no later than 11:00 A.M., New York City time, on the third Business Day preceding the proposed
conversion date; provided that if any Eurodollar Loan is so converted on any day other than the last day of the Interest
Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to Section 2.21. The Borrower may elect
from time to time to convert ABR Loans to Eurodollar Loans by giving the Administrative Agent prior irrevocable notice substantially
in the form of Exhibit A-2 hereto of such election no later than 11:00 A.M., New York City time, on the third Business
Day preceding the proposed conversion date (which notice shall specify the length of the initial Interest Period therefor); provided
that no ABR Loan under a particular Facility may be converted into a Eurodollar Loan when any Event of Default has occurred
and is continuing and the Administrative Agent or the Majority Facility Lenders in respect of such Facility have determined in
its or their sole discretion not to permit such conversions. Upon receipt of any such notice the Administrative Agent shall promptly
notify each relevant Lender thereof.

 

(b)       Any
Eurodollar Loan may be continued as such by the Borrower giving irrevocable notice to the Administrative Agent, in accordance with
the applicable provisions of the term “Interest Period” set forth in Section 1.1 no later than 11:00 A.M., New
York City time, on the third Business Day preceding the proposed continuation date, of the length of the next Interest Period to
be applicable to such Loans; provided that if any Eurodollar Loan is so continued on any day other than the last day of
the Interest Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to Section 2.21 and; provided,
further, that no Eurodollar Loan under a particular Facility may be continued as such when any Event of Default has occurred and
is continuing and the Administrative Agent has or the Majority Facility Lenders in respect of such Facility have determined in
its or their sole discretion not to permit such continuations 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 Loans shall be automatically converted to ABR Loans on the last day of such then expiring Interest
Period. Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender thereof.

 

2.14        Minimum
Amounts and Maximum Number of Eurodollar Tranches. Notwithstanding anything to
the contrary in this Agreement, all borrowings, conversions, continuations and optional prepayments of Eurodollar Loans and all
selections of Interest Periods shall be in such amounts and be made pursuant to such elections so that (a) after giving effect
thereto, the aggregate principal amount of Eurodollar Loans comprising each tranche of Eurodollar Loans shall be equal to a minimum
of $1,000,000 or a whole multiple of $100,000 in excess thereof and (b) no more than 10 tranches of Eurodollar Loans shall be
outstanding at any one time.

 

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2.15        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 Eurodollar Rate determined for such
day plus the Applicable Margin.

 

(b)       Each
ABR Loan shall bear interest at a rate per annum equal to the ABR plus the Applicable Margin.

 

(c)       If
(i) all or a portion of the principal amount of any Loan or Reimbursement Obligation 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 equal to (A)
in the case of the Loans, the rate applicable thereto pursuant to the foregoing provisions of this Section plus 2% or (B)
in the case of Reimbursement Obligations, the rate applicable to ABR Loans under the Revolving Facility plus 2%, and (ii)
all or a portion of any interest payable on any Loan or Reimbursement Obligation or any commitment fee or 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 equal to the rate that would otherwise be applicable to ABR Loans under the relevant Facility
plus 2% (or, in the case of any such other amounts that do not relate to a particular Facility, the rate then applicable
to ABR Loans under the Revolving Facility plus 2%), in each case, with respect to clauses (i) and (ii) above, from the date
of such non-payment until such amount is paid in full (as well after as before judgment).

 

(d)       Interest
shall be payable by the Borrower in arrears on each Interest Payment Date; provided that interest accruing pursuant to clause
(c) of this Section shall be payable from time to time on demand.

 

2.16        Computations
of Interest and Fees. (a) All computations of interest and of fees shall be made
by the applicable Agent on the basis of a year of 360 days and, in the case of ABR Loans 365/366 days, in each case for the actual
number of days (including the first day but excluding the last day) occurring in the period for which such interest and fees are
payable. Each determination of an interest rate or the amount of a fee hereunder shall be made by the Administrative Agent (including
determinations of a Eurodollar Rate or ABR in accordance with the definitions of “Eurodollar Rate” and “ABR”,
respectively) and shall be conclusive, binding and final for all purposes, absent manifest error.

 

(b)       The
Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of each determination of a Eurodollar
Rate. Any change in the interest rate on a Loan resulting from a change in the ABR or the Eurocurrency Reserve Requirements 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 relevant Lenders of the effective date and the amount of each such change in
interest rate. The Administrative Agent shall, at the request of the Borrower, deliver to the Borrower a statement showing the
quotations used by the Administrative Agent in determining any interest rate or fee pursuant to Section 2.15(a) and Section
2.15(b).

 

2.17        Inability
to Determine Interest Rate; Alternate Interest Rate.

 

(a)       If
prior to the commencement of any Interest Period for any Eurodollar Loan:

 

(i)       the
Administrative Agent shall have determined (which determination shall be conclusive absent manifest error) that adequate and reasonable
means do not exist for ascertaining the Eurodollar Rate or the LIBO Rate, as applicable (including because the LIBO Screen Rate
is not available or published on a current basis) for such Interest Period, or

 

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

 

then the Administrative
Agent shall give notice thereof to the Borrower and the Lenders by telephone, telecopy or electronic mail as promptly as practicable
thereafter and, until the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such
notice no longer exist, (A) any requests by the Borrower to convert the Loans of any Facility to, or continue the Loans of any
Facility as, a Eurodollar Loan shall be ineffective and (B ) if any borrowing notice made pursuant to Section 2.5(a)
requests a Eurodollar Loan, such Loan shall be made as an ABR Loan.

 

(b)       If
at any time the Administrative Agent determines (which determination shall be conclusive absent manifest error) that (i) the circumstances
set forth in clause (a)(i) have arisen and such circumstances are unlikely to be temporary or (ii) the circumstances set
forth in clause (a)(i) have not arisen but either (w) the supervisor for the administrator of the LIBO Screen Rate has made a public
statement that the administrator of the LIBO Screen Rate is insolvent (and there is no successor administrator that will continue
publication of the LIBO Screen Rate), (x) the administrator of the LIBO Screen Rate has made a public statement identifying a specific
date after which the LIBO Screen Rate will permanently or indefinitely cease to be published by it (and there is no successor administrator
that will continue publication of the LIBO Screen Rate), (y) the supervisor for the administrator of the LIBO Screen Rate has made
a public statement identifying a specific date after which the LIBO Screen Rate will permanently or indefinitely cease to be published
or (z) the supervisor for the administrator of the LIBO Screen Rate or a Governmental Authority having jurisdiction over the Administrative
Agent has made a public statement identifying a specific date after which the LIBO Screen Rate may no longer be used for determining
interest rates for loans, then the Administrative Agent and the Borrower shall endeavor to establish an alternate rate of interest
to the LIBO Rate that gives due consideration to the then prevailing market convention for determining a rate of interest for syndicated
loans in the United States at such time, and shall enter into an amendment to this Agreement to reflect such alternate rate of
interest and such other related changes to this Agreement as may be applicable (but for the avoidance of doubt, such related changes
shall not include a reduction of the Applicable Margin); provided that, if such alternate rate of interest as so determined
would be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement. Notwithstanding anything to the
contrary in Section 10.1, such amendment shall become effective without any further action or consent of any other party to this
Agreement so long as the Administrative Agent shall not have received, within five Business Days of the date notice of such alternate
rate of interest is provided to the Lenders, a written notice from the Required Revolving Credit Lenders or Required Term Loan
Lenders, as applicable, stating that such Required Lenders object to such amendment. Until an alternate rate of interest shall
be determined in accordance with this clause (b) (but, in the case of the circumstances described in clause (ii)(w),
clause (ii)(x) or clause (ii)(y) of the first sentence of this Section 2.17(b), only to the extent the LIBO
Screen Rate for such Interest Period is not available or published at such time on a current basis), (x) any requests by the
Borrower to convert the Loans of any Facility to, or continue the Loans of any Facility as, a Eurodollar Loan shall be ineffective
and (y) if any borrowing notice made pursuant to Section 2.5(a) requests a Eurodollar Loan, such Loan shall be made
as an ABR Loan.

 

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2.18         Pro
Rata Treatment and Payments. (a) Each borrowing by the Borrower from the Lenders hereunder, each payment by the Borrower on
account of any commitment fee and any reduction of the Revolving Commitments of the Lenders shall be made pro rata according
to the respective Term Percentages or Revolving Percentages, as the case may be, of the relevant Lenders. Subject to Sections 2.25(e)(iv),
2.29(b)(2) and 2.30(a) and other than with respect to the incurrence of any Refinancing Incremental Equivalent Debt,
each payment (including prepayments) in respect of principal, interest or fees in respect of Term Loans shall be applied among
tranches of Term Loans as directed by the Borrower. Subject to Section 10.6(c), each payment (including prepayments) in
respect of principal or interest in respect of any tranche of the Term Loans and each payment in respect of fees payable hereunder
shall be applied to the amounts of such obligations owing to the Term Lenders with respect to such tranche, pro rata according
to the respective amounts then due and owing to such Term Lenders. 

 

(b)          Each
payment (including prepayments) by the Borrower on account of principal of and interest on any tranche of Revolving Loans shall
be made pro rata according to the respective outstanding principal amounts of the Revolving Loans then held by the Revolving
Lenders with respect to such tranches. Each payment in respect of Reimbursement Obligations in respect of any Letter of Credit
shall be made to the Issuing Lender that issued such Letter of Credit.

 

(c)          Payments.
The Borrower shall make each payment under any Loan Document not later than 11:00 A.M., New York City time, on the day when due
to the Administrative Agent by wire transfer to the following account (or at such other account or by such other means to such
other address as Administrative Agent shall have notified the Borrower in writing within a reasonable time prior to such payment)
in immediately available Dollars and without setoff or counterclaim:

 

In the case of the Administrative
Agent:

 

	Bank Name:	JPMorgan Chase Bank, N.A.
	ABA #:	021000021
	Account #:	900811338c6584
	Account Name:	LS2 Incoming Account
	Ref:	Atlantic Aviation
	Attention:	Nanette Wilson

 

(d)          Payment
Dates. If any payment hereunder (other than payments on Eurodollar Loans) becomes due and payable on a day other than a Business
Day, such payment shall be extended to the next succeeding Business Day. If any payment on a Eurodollar Loan becomes due and payable
on a day other than a Business Day, the maturity thereof shall be extended to the next succeeding Business Day 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. In the case of any extension of any payment of principal pursuant to the preceding two sentences,
interest thereon shall be payable at the then applicable rate during such extension.

 

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(e)          Advancing
Payments. (i) 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 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 greater of (A) the Federal Funds Effective Rate and (B) a
rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, 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 clause (e)(i) shall be presumptively correct 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 after such Borrowing Date, the Administrative Agent shall give notice of such fact to the
Borrower and the Administrative Agent shall also be entitled to recover such amount with interest thereon at the rate per annum
applicable to ABR Loans under the relevant Facility, on demand, from the Borrower. Nothing herein shall be deemed to limit the
rights of the Administrative Agent or the Borrower against any Defaulting Lender. If the Borrower and such Lender shall pay such
interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the
Borrower the amount of such interest paid by the Borrower for such period. If such Lender pays its share of the applicable borrowing
to the Administrative Agent, then the amount so paid shall constitute such Lender’s Loan included in such borrowing.

 

(ii)         Unless
the Administrative Agent shall have been notified in writing by the Borrower prior to the date of any payment due to be made by
the Borrower hereunder that the Borrower will not make such payment to the Administrative Agent, the Administrative Agent may assume
that the Borrower is making such payment, and the Administrative Agent may, but shall not be required to, in reliance upon such
assumption, make available to the relevant Lenders their respective pro rata shares of a corresponding amount. If such payment
is not made to the Administrative Agent by the Borrower within three Business Days after such due date, the Administrative Agent
shall be entitled to recover, on demand, from each relevant Lender to which any amount which was made available pursuant to the
preceding sentence, such amount with interest thereon at the rate per annum equal to the daily average Federal Funds Effective
Rate. Nothing herein shall be deemed to limit the rights of the Administrative Agent or any Lender against the Borrower.

 

(f)          Application
of Voluntary Prepayments. Unless otherwise provided in this Section 2.18 or elsewhere in any Loan Document, all payments
and any other amounts received by the Administrative Agent from or for the benefit of the Borrower shall be applied to repay the
Obligations as the Borrower designates (or, in the absence of such designation, in the direct order of maturity thereof). Amounts
repaid or prepaid pursuant to this clause (f) or clause (g) below on account of the Term Loans may not be reborrowed.

 

(g)          Application
of Mandatory Prepayments. Subject to the provisions of clause (h) below with respect to the application of payments during
the continuance of an Event of Default and Section 2.30 with respect to the application of payments from the proceeds of
Refinancing Debt, any payment made by the Borrower to an Agent pursuant to Section 2.12 or any other prepayment of the Obligations
required to be applied in accordance with this clause (g) shall be applied: first, to the remaining scheduled amortization
payments in direct order of maturity and the payment at final maturity of the Term Loans until paid in full, second, to
repay the outstanding principal balance of the Revolving Loans (without reducing the Revolving Commitments), third, to Cash
Collateralize the L/C Obligations to the extent the Available Revolving Commitment would be less than zero, and then, excess
(if any) shall be retained by the Borrower.

 

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(h)          Application
of Payments During an Event of Default. Notwithstanding anything herein to the contrary, following the occurrence and during
the continuance of an Event of Default, and, other than in the case of an Event of Default under Section 8.1(f), notice
thereof to the Administrative Agent by the Borrower or the Required Lenders, all payments received on account of the Obligations
shall, subject to Sections 2.27 and 2.28, be applied by the Administrative Agent as follows:

 

first,
to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts payable to the Administrative
Agent in its capacity as such;

 

second,
to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal, reimbursement
obligations in respect of drawings under Letters of Credit, interest and Letters of Credit fees) payable to the Lenders (including
fees and disbursements and other charges of counsel) arising under the Loan Documents, ratably among them in proportion to the
respective amounts described in this clause second payable to them;

 

third,
to payment of that portion of the Obligations constituting accrued and unpaid Letters of Credit fees and interest on the Loans,
ratably among the Lenders and the Issuing Lenders in proportion to the respective amounts described in this clause third payable
to them;

 

fourth,
to payment of that portion of the Obligations constituting unpaid principal of the Loans, unreimbursed borrowings under Letters
of Credit and amounts owing with respect to Specified Hedge Agreements and Cash Management Documents ratably among the Lenders,
the Issuing Lenders, the Hedge Counterparties and the Cash Management Counterparties in proportion to the respective amounts described
in this clause fourth payable to them;

 

fifth,
to Cash Collateralize that portion of L/C Obligations comprising the undrawn amount of Letters of Credit to the extent not otherwise
Cash Collateralized by the Borrower pursuant to Section 2.28; provided that (i) any such amounts applied
pursuant to this clause fifth shall be paid to the Administrative Agent for the ratable account of the applicable Issuing Lenders
to Cash Collateralize such L/C Obligations, (ii) subject to Section 3.5 or 2.28, amounts used to Cash Collateralize
the aggregate amount of Letters of Credit pursuant to this clause fifth shall be used to satisfy drawings under such Letters
of Credit as they occur and (iii) upon the expiration of any Letter of Credit, the pro rata share of Cash Collateral
shall be distributed in accordance with this clause fifth;

 

sixth,
to the payment in full of all other Obligations, in each case ratably among the applicable Secured Parties based upon the respective
aggregate amounts of all such Obligations owing to them in accordance with the respective amounts thereof then due and payable;
and

 

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

 

If any amount remains
on deposit as Cash Collateral after all Letters of Credit have either been fully drawn or expired, such remaining amount shall
be applied to the other Obligations, if any, in the order set forth above.

 

(i)          Application
of Payments Generally. All payments that would otherwise be allocated to the Revolving Lenders pursuant to this Section
2.18 shall instead be allocated first, to repay interest on any portion of the Revolving Loans that the Administrative
Agent may have advanced on behalf of any Lender and on any Reimbursement Obligation, in each case for which the Administrative
Agent or, as the case may be, the Issuing Lender has not then been reimbursed by such Lender or the Borrower, and second,
to pay the outstanding principal amount of the foregoing obligations. All repayments of any Revolving Loans or Term Loans shall
be applied first, to repay such Loans outstanding as ABR Loans or Loans subject to a fixed rate of interest and then,
to repay such Loans outstanding as Eurodollar Loans, with those Eurodollar Loans having earlier expiring Interest Periods being
repaid prior to those having later expiring Interest Periods. If sufficient amounts are not available to pay in cash all outstanding
Obligations described in any priority level set forth in this Section 2.18, the available amounts shall be applied, unless
otherwise expressly specified herein, to such Obligations ratably based on the proportion of the Secured Parties’ interest
in such Obligations. Any priority level set forth in this Section 2.18 that includes interest shall include all such interest,
whether or not accruing after the filing of any petition in bankruptcy or the commencement of any insolvency, reorganization or
similar proceeding, and whether or not a claim for post-filing or post-petition interest is allowed in any such proceeding. While
an Event of Default is continuing, any payments or prepayments received by Administrative Agent shall be applied under Section
2.18(h).

 

2.19         Requirements
of Law. (a) If the adoption of or any change in any Requirement of Law or in the interpretation or application thereof 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 first made, in each case, subsequent to the date hereof:  

 

(i)          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 that is not otherwise included in the determination of the Eurodollar Rate hereunder;

 

(ii)         shall
subject any Lender to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses (b) through (d) of the definition
of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations,
or its deposits, reserves, other liabilities or capital attributable thereto; or

 

(iii)        shall
impose on such Lender any other condition not otherwise contemplated hereunder (other than with respect to any Taxes);

 

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and the result of any of the foregoing
shall be to increase the cost to such Lender or such other Recipient of making, converting to, continuing or maintaining any Loan
or of maintaining its obligation to make any such Loan, or to increase the cost to such Lender, such Issuing Lender or such other
Recipient of participating in, issuing or maintaining any Letter of Credit (or of maintaining its obligation to participate in
or to issue any Letter of Credit), or to reduce the amount of any sum received or receivable by such Lender, Issuing Lender or
other Recipient hereunder (whether of principal, interest or any other amount) then, upon request of such Lender, Issuing Lender
or other Recipient, the Borrower will pay to such Lender, Issuing Lender or other Recipient, as the case may be, such additional
amount or amounts as will compensate such Lender, Issuing Lender or other Recipient, as the case may be, for such additional costs
incurred or reduction suffered. If any Lender becomes entitled to claim any additional amounts pursuant to this Section, it shall
promptly notify the Borrower (with a copy to the Administrative Agent) of the event by reason of which it has become so entitled.

 

(b)          If
any Lender shall have determined that the adoption of or any change in any Requirement of Law regarding capital adequacy or liquidity
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 or liquidity (whether or not having the force of law) from any Governmental Authority
made, in each case, subsequent to the date hereof shall have the effect of reducing the rate of return on such Lender’s or
such corporation’s capital or liquidity as a consequence of its obligations hereunder or under or in respect of any Letter
of Credit to a level below that which such Lender or such corporation could have achieved but for such adoption, change or compliance
(taking into consideration such Lender’s or such corporation’s policies with respect to capital adequacy or liquidity)
by an amount deemed in good faith by such Lender to be material, then from time to time, after submission by such Lender to the
Borrower (with a copy to the Administrative Agent) of a reasonably detailed written request therefor (consistent with the detail
provided by such Lender to similarly situated borrowers), the Borrower shall pay to such Lender such additional amount or amounts
as will compensate such Lender or such corporation for such reduction.

 

(c)          A
certificate as to any additional amounts payable pursuant to this Section submitted by any Lender to the Borrower (with a copy
to the Administrative Agent) with reasonable detail demonstrating how such amounts were derived shall be presumptively correct
in the absence of manifest error. Notwithstanding anything to the contrary in this Section, the Borrower shall not be required
to compensate a Lender pursuant to this Section 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; provided that if the circumstances
giving rise to such claim have a retroactive effect, then such six-month period shall be extended to include the period of such
retroactive effect. The obligations of the Borrower pursuant to this Section shall survive the termination of this Agreement and
the payment of the Obligations.

 

(d)          Notwithstanding
anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules,
guidelines, requirements and directives thereunder, issued in connection therewith or in implementation thereof, (ii) all
requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking
Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case, pursuant
to Basel III and (iii) the CRD IV and any law, rule, regulation or guideline, in each case that implements CRD IV in any jurisdiction,
shall in each case be deemed to be a change in a Requirement of Law, regardless of the date enacted, adopted, issued or implemented.

 

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

 

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(b)          Payments
of Other Taxes by the Borrower. The Borrower shall timely pay to the relevant Governmental Authority, in accordance
with applicable Law, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes.

 

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

 

(d)          Indemnification
by the Lenders. Each Lender shall severally indemnify the Administrative Agent, within 10 days after demand therefor, for (i)
any Indemnified Taxes attributable to such Lender (but only to the extent that the Borrower have not already indemnified the Administrative
Agent for such Indemnified Taxes and without limiting the obligation of the Borrower to do so), (ii) any Taxes attributable to
such Lender’s failure to comply with the provisions of Section 10.6, (iii) any Excluded Taxes attributable to such
Lender, in each case, that are payable or paid by the Administrative Agent in connection with any Loan Document, and any reasonable
expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by
the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the
Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off
and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable by the Administrative
Agent to the Lender from any other source against any amount due to the Administrative Agent under this clause (d).

 

(e)          Evidence
of Payments. As soon as practicable after any payment of Taxes by the Borrower to a Governmental Authority pursuant
to this Section 2.20, the Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt
issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of
such payment reasonably satisfactory to the Administrative Agent.

 

(f)          Status
of Lenders. (i) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made
under any Loan Document shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by
the Borrower or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower
or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In
addition, any Lender, if reasonably requested by the Borrower or the Administrative Agent, shall deliver such other documentation
prescribed by applicable law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or
the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements.
Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation
(other than such documentation set forth in Section 2.20(f)(b)(i), (b)(ii) and (b)(iv) below) shall not be
required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any
material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender.

 

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

 

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

 

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

 

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

 

(B)         executed
copies of IRS Form W-8ECI;

 

(C)         in
the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x)
a certificate substantially in the form of Exhibit I-1 to the effect that (I) such Foreign Lender is not a “bank”
within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the Borrower within the meaning
of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the
Code (a “U.S. Tax Compliance Certificate”) and (II) the interest payments in question are not effectively connected
with a U.S. trade or business conducted by such Foreign Lender or are effectively connection but are not includible in the Foreign
Lender’s gross income for U.S. federal tax withholding purposes under an income tax treaty and (y) executed copies of IRS
Form W-8BEN-E; or

 

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

 

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

 

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

 

(5)         Each
Lender agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect,
it shall update such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its legal
inability to do so.

 

(g)          Treatment
of Certain Refunds. If a Recipient determines, in its sole discretion (exercised in good faith), that it has received
a refund or credit of any Indemnified Taxes as to which additional amounts have been paid or as to which it has been indemnified
pursuant to this Section 2.20, it shall pay over such refund or credit to the Borrower (but only to the extent of indemnity
payments made, or additional amounts paid), net of expenses of such Recipient; provided, however, that the Borrower,
upon the request of the Recipient, shall repay to such Recipient the amount paid over to the Borrower (plus any penalties, interest
or other charges imposed by the relevant Governmental Authority) that is required to be repaid after receipt of written notice
setting forth in reasonable detail a calculation of such amount and certifying that the Recipient is required to repay such refund
to such Governmental Authority. Notwithstanding anything to the contrary in this clause (g), in no event will the indemnified
Recipient be required to pay any amount to the Borrower pursuant to this clause (g) the payment of which would place such
Recipient in a less favorable after-tax position than such party would have been in if the indemnification payments or additional
amounts giving rise to such refund had never been paid. This clause (g) shall not be construed to require any Recipient
to make available its Tax Returns (or any other information relating to its Taxes which it deems confidential) to the Borrower
or any other Person or to require any Recipient to apply for a refund of Taxes.

 

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(h)          Survival.
Each party’s obligations under this Section 2.20 shall survive the resignation or replacement of the Administrative
Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction
or discharge of all obligations under any Loan Document.

 

2.21        Indemnity.
The Borrower agrees to indemnify each Lender for, and to hold each Lender harmless from, any loss or expense (other than lost profits,
including the Applicable Margin) that such Lender may actually sustain or incur 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 of or conversion
from Eurodollar Loans after the Borrower has given a notice thereof in accordance with the provisions of this Agreement or (c)
the making of a prepayment, conversion or continuation of Eurodollar Loans on a day that is not the last day of an Interest Period
with respect thereto. A reasonably detailed certificate as to (showing in reasonable detail the calculation of) any amounts payable
pursuant to this Section submitted to the Borrower by any Lender shall be presumptively correct in the absence of manifest error.
This covenant shall survive the termination of this Agreement and the payment of the Obligations. 

 

2.22        Illegality.
(a) 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, made after the date hereof, shall make it unlawful for any Lender or its applicable lending
office to make, maintain, fund or continue any Eurodollar Loan, or any Governmental Authority has imposed material restrictions
on the authority of such Lender to purchase or sell, or to take deposits of, dollars in the London interbank market, such Lender
shall promptly give notice thereof to the Administrative Agent and the Borrower, and (i) the commitment of such Lender hereunder
to make, maintain or fund Eurodollar Loans, continue Eurodollar Loans as such and convert ABR Loans to Eurodollar Loans shall be
suspended during the period of such illegality and (ii) such Lender’s Loans then outstanding as Eurodollar 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 Loans or within such earlier period as required by law. 

 

(b)          If
any such conversion of a Eurodollar 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 Section 2.21.

 

2.23        Mitigation
of Costs; Change of Lending Office. Each Lender agrees that, upon the occurrence of any event giving rise to the operation
of Section 2.19, 2.20(a), 2.21 or 2.22 with respect to such Lender, it will, if requested by the Borrower,
use reasonable efforts (subject to overall policy considerations of such Lender) to designate another lending office for any Loans
affected by such event with the object of avoiding the consequences of such event; provided that such designation is made
on terms that, in the sole reasonable judgment of such Lender, cause such Lender and its lending office(s) to suffer no material
economic, legal or regulatory disadvantage and; provided, further, that nothing in this Section shall affect or postpone
any of the obligations of the Borrower or the rights of any Lender pursuant to Section 2.19, 2.20(a) or 2.22. 

 

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2.24         Replacement
of Lenders. The Borrower shall be permitted to replace with a financial institution any Lender that (a) requests reimbursement
for amounts owing pursuant to Section 2.19, 2.20 or 2.21 (to the extent a request made by a Lender pursuant
to the operation of Section 2.21 is materially greater than requests made by other Lenders) or gives a notice of illegality
pursuant to Section 2.22, (b) defaults in its obligation to make Loans hereunder, or (c) that (x) is a Defaulting Lender
or (y) has refused to consent to any waiver or amendment with respect to any Loan Document that requires the consent of each Lender
directly affected thereby or of each Lender and has been consented to by the Required Lenders; provided that (i) such replacement
does not conflict with any Requirement of Law, (ii) the replacement financial institution shall purchase, at par, all Loans
and other amounts owing to such replaced Lender on or prior to the date of replacement, (iii) the Borrower shall be liable to such
replaced Lender under Section 2.21 (as though Section 2.21 were applicable) if any Eurodollar Loan owing to such
replaced Lender shall be purchased other than on the last day of the Interest Period relating thereto, (iv) the replacement
financial institution, if not already a Lender, shall be reasonably satisfactory to the Administrative Agent to the extent that
an assignment to such replacement financial institution of the rights and obligations being acquired by it would otherwise require
the consent of the Administrative Agent pursuant to Section 10.6(c), (v) the replaced Lender shall be obligated to make
such replacement in accordance with the provisions of Section 10.6, (vi) the Borrower shall pay all additional amounts (if
any) required pursuant to Section 2.19 or 2.20, as the case may be, in respect of any period prior to the date on
which such replacement shall be consummated, (vii) if applicable, the replacement financial institution shall consent to such
amendment or waiver and (viii) any such replacement shall not be deemed to be a waiver of any rights that the Borrower, the Administrative
Agent or any other Lender shall have against the replaced Lender. A Lender shall not be required to make any such assignment and
delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to
require such assignment and delegation cease to apply. Each party hereto agrees that (i) an assignment required pursuant to this
paragraph may be effected pursuant to an Assignment and Assumption executed by the Borrower, the Administrative Agent and the assignee
(or, to the extent applicable, an agreement incorporating an Assignment and Assumption by reference pursuant to an Approved Electronic
Platform as to which the Administrative Agent and such parties are participants), and (ii) the Lender required to make such assignment
need not be a party thereto in order for such assignment to be effective and shall be deemed to have consented to an be bound by
the terms thereof; provided that, following the effectiveness of any such assignment, the other parties to such assignment
agree to execute and deliver such documents necessary to evidence such assignment as reasonably requested by the applicable Lender;
provided that any such documents shall be without recourse to or warranty by the parties thereto.

 

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2.25         Incremental
Facilities. (a) At any time or from time to time after the Closing Date, the Borrower may by written notice to the Administrative
Agent elect to request (i) prior to the Revolving Termination Date, one or more increases in the amount of Revolving Commitments
(each, a “Revolving Facility Increase”) or (ii) prior to the Term Maturity Date, the establishment of one or
more new term loan commitments which may be of the same tranche as such existing Term Loans (each, a “Term Loan Increase”)
or a separate tranche of new term loans (collectively with any Term Loan Increase, the “New Term Commitments”
and the New Term Commitments, collectively with any Revolving Facility Increase, the “Incremental Commitments”).
Each Incremental Commitment shall be in an aggregate principal amount that is not less than $5,000,000 individually and in integral
multiples of $1,000,000 in excess of that amount. Notwithstanding anything to the contrary herein, the amount of Incremental Commitments
and Incremental Equivalent Debt issued pursuant to Section 2.26 shall not, individually or in the aggregate, exceed the
Incremental Amount. Each such notice shall specify (A) the date (each, an “Increased Amount Date”) on which
the Borrower proposes that such Incremental Commitments shall be effective, which shall be a date after the date on which such
notice is delivered to the Administrative Agent and (B) the identity of each existing Lender or other Person that is an Assignee
(each, a “New Revolving Lender” or “New Term Lender,” as applicable) to whom the Borrower
proposes any portion of such Incremental Commitments, be allocated and the amounts of such allocations; provided that (w)
any Lender approached to provide all or a portion of the Incremental Commitments may elect in writing or decline, in its sole discretion,
to provide an Incremental Commitment (it being understood that there is no obligation to approach any existing Lenders to provide
any Incremental Commitment), (x) each of the Borrower, the Administrative Agent and the Issuing Lender, as the case may be, shall
have consented to such Person’s providing such Incremental Commitments if such consent of the Borrower, the Administrative
Agent or the Issuing Lender, respectively, would be required under Section 10.6 for an assignment of Loans or Commitments
to such Person (in each case, such consent not to be unreasonably withheld, except to the extent that the Borrower may grant such
consent in its sole discretion in the instances specifically described in Section 10.6), (y) with respect to New Term Commitments,
any Affiliated Lender providing a New Term Commitment shall be subject to the same restrictions set forth in Section 10.6(c)
as it would otherwise be subject to with respect to any purchase by or assignment to such Affiliated Lender of Term Loans and (z)
Affiliated Lenders may not provide any Revolving Facility Increase. Such Incremental Commitments shall become effective, as of
such Increased Amount Date; provided that (1) no Default or Event of Default shall exist on or prior to such Increased
Amount Date after giving effect to such Incremental Commitments, as applicable (provided that, if the primary purpose of
such Incremental Commitments is to finance a Permitted Acquisition or a similar Investment constituting a Limited Condition Transaction
permitted under Section 7.7, then the foregoing shall mean (x) no Default or Event of Default shall exist on or prior to
the date the applicable acquisition agreement is executed and (y) no Specified Event of Default as of the Increased Amount Date);
(2) the Incremental Commitments (x) shall not be guaranteed by any Person that is not a Guarantor and (y) shall be unsecured
or secured only by Property constituting the Collateral (and if secured on a junior basis shall be subject to customary intercreditor
arrangements reasonably acceptable to the Administrative Agent and the Borrower); (3) the Incremental Commitments, as applicable,
shall be effected pursuant to one or more Joinder Agreements (each, an “Incremental Joinder Agreement”) executed
and delivered by the Borrower, the New Revolving Lender or New Term Lender, as applicable, and to the extent applicable, the Administrative
Agent and the Issuing Lender, or another form of incremental amendment, each of which shall be recorded in the Register; (4) the
Borrower shall pay, or cause to be paid, all fees and expenses owing in respect of such Incremental Commitments to the Administrative
Agent, the Collateral Agent and the Lenders (other than any Defaulting Lender); (5) the representations and warranties of Holdings,
the Borrower and its Restricted Subsidiaries set forth in this Agreement and the other Loan Documents shall be true and correct
in all material respects (or, in the case of any such representation or warranty already qualified as to materiality or Material
Adverse Effect, it shall be true in all respects) on and as of such Increased Amount Date except to the extent that such representations
and warranties specifically relate to an earlier date, in which case they shall be true and correct as of such earlier date; provided
that, if the primary purpose of such Incremental Commitments is to finance a Permitted Acquisition or a similar Investment constituting
a Limited Condition Transaction permitted under Section 7.7, the Specified Representations (other than Section 4.17
with respect to the target in such Permitted Acquisition or investment and its subsidiaries) and the Specified Acquisition Agreement
Representations shall be true and correct in all material respects (or, in the case of any such representation or warranty already
qualified as to materiality or Material Adverse Effect, it shall be true in all respects) on and as of the Increased Amount Date;
and (6) the Administrative Agent shall have received such legal opinions and other documents reasonably requested by the Administrative
Agent in connection therewith. 

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(b)          On
any Increased Amount Date on which a Revolving Facility Increase is effected, subject to the satisfaction of the foregoing terms
and conditions, (a) each Revolving Facility Increase shall be deemed for all purposes a Revolving Commitment and each Loan made
thereunder shall be deemed, for all purposes, a Revolving Loan and (b) each New Revolving Lender shall become a Lender with respect
to the Revolving Facility Increase and all matters relating thereto.

 

(c)          Any
New Term Loans effected through the establishment of one or more New Term Loans made on an Increased Amount Date shall be designated
a separate tranche of New Term Loans for all purposes of this Agreement. On any Increased Amount Date on which any New Term Commitments
of any tranche are effected (including through any Term Loan Increase), subject to the satisfaction of the foregoing terms and
conditions, (i) each New Term Lender of such tranche shall make a Loan to the Borrower (a “New Term Loan”) in
an amount equal to its New Term Commitment of such tranche, and (ii) each New Term Lender of such tranche shall become a Lender
hereunder with respect to the New Term Commitment of such tranche and the New Term Loans of such tranche made pursuant thereto.
On any Increased Amount Date on which any Revolving Facility Increase is effected, subject to the satisfaction of the foregoing
terms and conditions, (i) each New Revolving Lender of such Revolving Facility Increase shall make its Commitment available to
the Borrower in an amount equal to its Revolving Commitment of such Revolving Facility Increase, and (ii) each New Revolving Lender
of such Revolving Facility Increase shall become a Lender hereunder with respect to the Revolving Facility Increase and the Revolving
Loans made pursuant thereto. Notwithstanding the foregoing, New Term Loans may have identical terms to the Term Loans and be treated
as the same tranche as the Term Loans.

 

(d)          The
Administrative Agent shall notify Lenders promptly upon receipt of the Borrower’s notice of each Increased Amount Date and
in respect thereof (x) the Revolving Facility Increase and the New Revolving Lenders of such Revolving Facility Increase or the
tranche of New Term Commitments and the New Term Lenders of such tranche, as applicable, and (y) in the case of each notice to
any Revolving Lender with respect to an increase in the applicable Revolving Commitments, the respective interests in such Revolving
Lender’s Revolving Commitments, in each case subject to the assignments contemplated by clause (b) of this Section 2.25.

 

(e)          The
terms, provisions and documentation of the New Term Loans and New Term Commitments of any tranche shall be as agreed between the
Borrower and the New Term Lenders providing such New Term Loans and New Term Commitments, and except as otherwise set forth herein,
to the extent not identical to the Term Loans, shall be reasonably satisfactory to Administrative Agent. In any event:

 

(i)          except
with respect to customary “bridge” or other interim credit facilities intended to be refinanced or replaced with Long-Term
Indebtedness which does not satisfy the requirements of this clause (i), so long as, subject to customary conditions, as
determined in good faith by the Borrower, such “bridge” or other interim Indebtedness will either be automatically
converted into or required to be exchanged for permanent financing which satisfies the requirements of this clause (i),
the Weighted Average Life to Maturity of all New Term Loans of any tranche shall be no shorter than the Weighted Average Life to
Maturity of the then outstanding Term Loans on the date of incurrence of such New Term Loans;

 

(ii)         except
with respect to customary “bridge” or other interim credit facilities intended to be refinanced or replaced with Long-Term
Indebtedness which does not satisfy the requirements of this clause (ii), so long as, subject to customary conditions, as
determined in good faith by the Borrower, such “bridge” or other interim Indebtedness will either be automatically
converted into or required to be exchanged for permanent financing which satisfies the requirements of this clause (ii),
the final maturity date of any tranche of the New Term Loans shall be no earlier than the original Term Maturity Date;

 

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(iii)        the
New Term Loans may participate on a pro rata basis or less than pro rata basis (but not on a greater than pro
rata basis) in any voluntary or mandatory prepayments of Term Loans hereunder, as specified in the applicable Incremental Joinder
Agreement;

 

(iv)        the
pricing, interest rate margins, discounts, premiums, rate floors, fees, and amortization schedule applicable to any New Term Loans
shall be determined by the Borrower and the Lenders thereunder; provided that with respect to any broadly syndicated New
Term Loan denominated in U.S. Dollars incurred after the Closing Date and secured on a pari passu basis with the Closing
Date Term Loans, if the Effective Yield for Eurodollar Loans or ABR Loans in respect of such New Term Loans exceeds the Effective
Yield for Eurodollar Loans or ABR Loans in respect of the then existing Closing Date Term Loans by more than 0.50%, the Applicable
Margin for Eurodollar Loans or ABR Loans in respect of the then existing Closing Date Term Loans shall be adjusted so that the
Effective Yield in respect of the then existing Closing Date Term Loans is equal to the Effective Yield for Eurodollar Loans or
ABR Loans in respect of the New Term Loans minus 0.50% (it being agreed that (x) in determining the applicable interest
rate, any amendment to the interest rate margins on the Closing Date Term Loans that became effective subsequent to the Closing
Date but prior to the time of the addition of such New Term Loans shall be included and (y) any increase in yield to any existing
facility required due to the application of a LIBOR or ABR floor on any New Term Loans shall be effected solely through an increase
in (or implementation of, as applicable) any LIBOR or ABR floor applicable to such existing facility) (the “MFN Provision”);

 

(v)         the
New Term Loans will rank pari passu or junior in right of payment with existing Term Loans;

 

(vi)        except
as otherwise provided in this Section 2.25, any New Term Loans shall be on terms and pursuant to documentation as may be
otherwise agreed between the Lenders providing such New Term Commitments or New Term Loans; provided, that to the extent
such terms and documentation are not consistent with the applicable Term Facility, they shall, at the option of the Borrower (A)
reflect market terms and conditions (taken as a whole) at the time of incurrence or issuance (as determined by the Borrower), (B)
not be materially more restrictive to the Borrower (as determined by the Borrower), when taken as a whole, than the terms of the
initial Term Facility (except for covenants or other provisions applicable only to the periods after the Latest Term Maturity Date
existing at the time such Incremental Term Facility is incurred) (it being understood to the extent that any financial maintenance
covenant is added for the benefit of any New Term Loans, no consent shall be required from the Administrative Agent or any Lender
to the extent that such financial maintenance covenant is also added for the benefit of the Term Facility) or (C) be reasonably
satisfactory to the Administrative Agent (such determination not to be unreasonably withheld or delayed).

 

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(f)          The
terms, provisions and documentation of the Revolving Commitments and any Revolving Loans under the Revolving Facility Increase
shall be identical to the Revolving Loans and the Revolving Commitments and notwithstanding anything to the contrary in this Section
2.25 or otherwise.

 

(g)          Each
Incremental Joinder Agreement may, without the consent of any other Lenders, effect such amendments to this Agreement and the other
Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrower (and
in the case of any Revolving Facility Increase, the Issuing Lenders) to effect the provisions of this Section 2.25 including,
to include the Lenders holding such facilities in any determination of Required Lenders and Majority Facility Lenders and to permit
the extensions of credit 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, and for the avoidance of doubt, this Section 2.25 shall supersede any provisions
in Section 10.1 or 10.7 to the contrary.

 

(h)          The
Loans and Commitments extended or established pursuant to this Section 2.25 and obligations of the Loan Parties in
connection therewith shall constitute Loans and Commitments and part of the Obligations under, and shall be entitled to all the
benefits afforded by, this Agreement and, except as expressly provided in the applicable Incremental Joinder Agreement, the other
Loan Documents, and shall, without limiting the foregoing, unless otherwise specified in the applicable Incremental Joinder Agreement,
benefit equally and ratably from the Guarantee Obligations and security interests created by the Security Documents. The Loan Parties
shall take any actions reasonably required by the Administrative Agent to ensure and/or demonstrate that the Lien granted by the
Collateral Documents continue to be perfected under the UCC or otherwise after giving effect to the extension or establishment
of any such Loans or any such Commitments.

 

2.26         Incremental
Equivalent Debt.  

 

(a)          The
Borrower may from time to time, upon written notice to the Administrative Agent, specifying in reasonable detail the proposed terms
thereof, incur one or more credit or debt facilities (secured or unsecured), the issuance of senior secured notes, subordinated
notes or senior unsecured notes, in each case issued in a public offering, Rule 144A or other private placement or bridge facility
in lieu of the foregoing, or secured or unsecured “mezzanine” Indebtedness (any of which Indebtedness, if secured,
may either have the same Lien priority as the Obligations or may be secured by a Lien ranking junior to the Lien securing the Obligations)
(such Indebtedness, collectively, “Incremental Equivalent Debt”) in an aggregate amount, together with the aggregate
amount of any Incremental Commitments, not to exceed the Incremental Amount (at the time of incurrence).

 

(b)          As
conditions precedent to the issuance of any Incremental Equivalent Debt pursuant to this Section:

 

(i)          the
Borrower shall deliver to the Administrative Agent a certificate dated as of the date of issuance of such Incremental Equivalent
Debt (each, an “Incremental Equivalent Debt Effective Date”) signed by a Responsible Officer of the Borrower,
certifying and attaching the resolutions adopted by the Borrower (to the extent the Borrower is an issuer of such Incremental Equivalent
Debt) approving or consenting to the issuance of such Incremental Equivalent Debt, and certifying that the conditions precedent
set forth in the following clauses (ii) through (vii) have been satisfied;

 

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(ii)         such
Incremental Equivalent Debt shall not be guaranteed by any Person that is not a Guarantor;

 

(iii)        such
Incremental Equivalent Debt will be unsecured or secured only by Property constituting the Collateral and subject to customary
intercreditor arrangements reasonably acceptable to the Administrative Agent and the Borrower;

 

(iv)        except
with respect to customary “bridge” or other interim credit facilities intended to be refinanced or replaced with Long-Term
Indebtedness which does not satisfy the requirements of this clause (iv), so long as, subject to customary conditions, as
determined in good faith by the Borrower, such “bridge” or other interim Indebtedness will either be automatically
converted into or required to be exchanged for permanent financing which satisfies the requirements of this clause (iv),
such Incremental Equivalent Debt shall have a final maturity no earlier than the Latest Term Maturity Date then outstanding;

 

(v)         except
with respect to customary “bridge” or other interim credit facilities intended to be refinanced or replaced with Long-Term
Indebtedness which does not satisfy the requirements of this clause (v), so long as, subject to customary conditions, as
determined in good faith by the Borrower, such “bridge” or other interim Indebtedness will either be automatically
converted into or required to be exchanged for permanent financing which satisfies the requirements of this clause (v),
the Weighted Average Life to Maturity of such Incremental Equivalent Debt shall not be shorter than the then remaining Weighted
Average Life to Maturity of the then longest outstanding tranche of Term Loans;

 

(vi)        the
covenants, terms and conditions and events of default applicable to such Incremental Equivalent Debt shall not be more restrictive
(other than with respect to pricing, optional prepayment or redemption terms), when taken as a whole, than the covenants, terms
and conditions and Events of Default under the Loan Documents, as determined by the Borrower in good faith (except for provisions
applicable only to periods following the later of the Latest Revolving Termination Date and the Latest Term Maturity Date then
in effect) unless the Borrower shall make such covenants, terms and conditions applicable to the Loans pursuant to reasonably acceptable
documentation to that effect;

 

(vii)       the
pricing, interest rate margins, discounts, premiums, rate floors, fees, and amortization schedule and optional prepayment and redemption
terms applicable to any Incremental Equivalent Debt shall be determined by the Borrower and the Lenders thereunder; provided
that to the extent (A) such Incremental Equivalent Debt is (x) in the form of broadly syndicated term “B” loans denominated
in U.S. Dollars and (y) secured on a pari passu basis with the Closing Date Term Loans, and (B) the Effective Yield for
such Incremental Equivalent Debt exceeds the Effective Yield for Eurodollar Loans or ABR Loans in respect of the then existing
Closing Date Term Loans by more than 0.50%, the Applicable Margin for Eurodollar Loans or ABR Loans in respect of the then existing
Closing Date Term Loans shall be adjusted so that the Effective Yield in respect of the then existing Closing Date Term Loans is
equal to the Effective Yield for such Incremental Equivalent Debt minus 0.50% (it being agreed that (x) in determining the
applicable interest rate, any amendment to the interest rate margins on the Closing Date Term Loans that became effective subsequent
to the Closing Date but prior to the time of the addition of such New Term Loans shall be included and (y) any increase in yield
to any existing facility required due to the application of a LIBOR or ABR floor on any Incremental Equivalent Debt shall be effected
solely through an increase in (or implementation of, as applicable) any LIBOR or ABR floor applicable to such existing facility)
(the “Incremental Equivalent Debt MFN Provision”);

 

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(viii)      such
Incremental Equivalent Debt shall not be subject to any mandatory redemption or prepayment provisions or rights, except to the
extent any such mandatory redemption or prepayment is required to be applied first pro rata to the Term Loans and other
Indebtedness that is secured on a pari passu basis with the Obligations.

 

(c)          The
issuance of any Incremental Equivalent Debt shall also be subject, to the extent reasonably requested by the Administrative Agent,
to receipt by the Administrative Agent of legal opinions, board resolutions, officers’ certificates and/or reaffirmation
agreements, including any supplements or amendments to the Security Documents providing for such Incremental Equivalent Debt to
be secured thereby. The Lenders hereby authorize the Administrative Agent to enter into amendments to this Agreement and the other
Loan Documents with the Borrower as may be necessary (in the reasonable opinion of the Administrative Agent) in order to secure
any Incremental Equivalent Debt with the Collateral and/or to give effect to the Incremental Equivalent Debt MFN Provision and/or
to make such technical amendments to this Agreement and the other Loan Documents as may be necessary or appropriate in the reasonable
opinion of the Administrative Agent and the Borrower in connection with the issuance of such Incremental Equivalent Debt, in each
case on terms consistent with this Section 2.26.

 

2.27        Defaulting
Lenders. (a) Notwithstanding anything herein to the contrary, if any Lender becomes a Defaulting Lender, then, until such time
as such Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law: 

 

(i)          such
Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall
be restricted as set forth in Section 10.1 unless otherwise agreed by the Borrower and the Administrative Agent;

 

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(ii)         any
payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of such Defaulting Lender
(whether voluntary or mandatory, at maturity, pursuant to Section 8 or otherwise) or received by the Administrative Agent
from a Defaulting Lender pursuant to Section 10.7 shall be applied at such time or times as may be determined by the Administrative
Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder;
second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to the applicable Issuing
Lender(s) hereunder; third, to Cash Collateralize the Issuing Lenders’ Fronting Exposure with respect to such Defaulting
Lender in accordance with Section 2.28; fourth, as the Borrower may request (so long as no Default exists),
to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this
Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Borrower,
to be held in a deposit account and released pro rata in order to (A) satisfy such Defaulting Lender’s potential
future funding obligations with respect to Loans under this Agreement and (B) Cash Collateralize the Issuing Lenders’
future Fronting Exposure with respect to such Defaulting Lender with respect to future Letters of Credit issued under this Agreement,
in accordance with Section 2.28; sixth, to the payment of any amounts owing to the Lenders, the applicable Issuing
Lenders as a result of any judgment of a court of competent jurisdiction obtained by any Lender, the applicable Issuing Lenders
against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh,
so long as no Default exists, to the payment of any amounts owing to the Borrower as a result of any judgment of a court of competent
jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender's breach of its obligations
under this Agreement; and, eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction;
provided that if (A) such payment is a payment of the principal amount of any Loans or amounts outstanding under any
Letter of Credit in respect of which such Defaulting Lender has not fully funded its appropriate share, and (B) such Loans
or Letter of Credit draws were made at a time when the conditions set forth in Section 5.2 were satisfied or waived, such
payment shall be applied solely to pay the Loans of, and the amounts outstanding under any Letters of Credit owed to, all the Non-Defaulting
Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or amounts outstanding under any Letters
of Credit owed to, such Defaulting Lender. Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that
are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to this clause (ii) shall
be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto;

 

(iii)        (A)
no Defaulting Lender shall be entitled to receive any commitment fees payable under Section 2.9 for any period during which
such Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required
to have been paid to such Defaulting Lender) and (B) each Defaulting Lender shall be limited in its right to receive fees in connection
with Letters of Credit as provided in Section 3.3(c); and

 

(iv)        all
or any part of such Defaulting Lender’s participation in L/C Obligations shall be reallocated among the Non-Defaulting Lenders
in accordance with their respective Revolving Percentages (calculated without regard to such Defaulting Lender’s Commitment)
but only to the extent that (A) the conditions set forth in Section 5.2 are satisfied at the time of such reallocation
(and, unless the Borrower shall have otherwise notified the Administrative Agent at such time, the Borrower shall be deemed to
have represented and warranted that such conditions are satisfied at such time), and (B) such reallocation does not cause
the Revolving Extensions of Credit of any Non-Defaulting Lender at such time to exceed such Lender’s Revolving Commitment.
Subject to Section 10.20, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder
against a Defaulting Lender arising from such Lender having become a Defaulting Lender, including any claim of a Non-Defaulting
Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.

 

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(b)          If
the Borrower, the Administrative Agent and each Issuing Lender agree in writing that a Lender is no longer a Defaulting Lender,
the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject
to any conditions set forth therein (which may include arrangements with respect to any Cash Collateral), such Lender will, to
the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as the
Administrative Agent may determine to be necessary to cause the Loans and funded and unfunded participations in Letters of Credit
to be held pro rata by the Lenders in accordance with the Commitments under the applicable Facility (without giving effect
to Section 2.27(a)(iv)), whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments
will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while such Lender was
a Defaulting Lender; provided, further, that, except to the extent otherwise expressly agreed by the affected parties, no
change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising
from such Lender’s having been a Defaulting Lender.

 

(c)          So
long as any Revolving Lender is a Defaulting Lender, no Issuing Lender shall be required to issue, extend or amend any Letter
of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

 

2.28        Cash
Collateral. (a) Upon the request of the Administrative Agent or the applicable Issuing Lender if, three Business Days prior
to the Revolving Termination Date, any L/C Obligation for any reason remains outstanding, or as otherwise required pursuant to
Section 8.1, the Borrower shall, in each case, immediately Cash Collateralize the then outstanding amount of all L/C
Obligations in an amount not less than the Minimum Collateral Amount. At any time that there shall exist a Defaulting Lender, immediately
upon the written request of the Administrative Agent or any applicable Issuing Lender (in each case, with a copy to the Administrative
Agent), the Borrower shall repay the L/C Obligations, in the amount of all Fronting Exposure of such Issuing Lender with respect
to such Defaulting Lender or Cash Collateralize such Fronting Exposure in an amount not less than the Minimum Collateral Amount
(in each case, determined after giving effect to Section 2.27(a)(iv) and any Cash Collateral provided by such Defaulting
Lender).  

 

(b)          All
Cash Collateral (other than credit support not constituting funds subject to deposit) shall be maintained in blocked, interest
bearing deposit accounts at the Administrative Agent. The Borrower and, to the extent provided by any Lender, such Lender, hereby
grants to (and subject to the control of) the Administrative Agent, for the benefit of the Administrative Agent, the applicable
Issuing Lenders and the applicable Lenders, and agrees to maintain, a first priority security interest in all such Cash Collateral,
deposit accounts and all balances therein, and all other property so provided as collateral pursuant hereto, and all proceeds of
the foregoing, as security for the obligations to which such Cash Collateral may be applied pursuant to clause (c)
of this Section. If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any
Person other than the Administrative Agent as herein provided, or that the total amount of such Cash Collateral is less than the
Minimum Collateral Amount, the Borrower or the relevant Defaulting Lender will, promptly upon demand by the Administrative Agent,
pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency.

 

(c)          Notwithstanding
anything herein to the contrary, Cash Collateral provided under this Section, Section 2.27 or 8.1 or otherwise
in respect of Letters of Credit shall be applied to the satisfaction of the specific L/C Obligations, obligations to fund participations
therein (including, as to Cash Collateral provided by a Defaulting Lender, any interest accrued on such obligations) and other
obligations for which the Cash Collateral was so provided, prior to any other application of such property as may otherwise be
provided for herein.

 

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(d)          Cash
Collateral (or the appropriate portion thereof) provided to reduce Fronting Exposure or other obligations shall be released promptly
following (i) the elimination of the applicable Fronting Exposure or other obligations giving rise thereto, including by the
termination of the Defaulting Lender status of the applicable Lender (or, as appropriate, its Assignee following compliance with
Section 10.6), or (ii) the determination by the Administrative Agent that there exists excess Cash Collateral;
provided that (A) Cash Collateral furnished by or on behalf of the Borrower shall not be released during the continuance
of a Default under Section 8.1(a) or (f) or an Event of Default (and following application as provided in this
Section may be otherwise applied in accordance with Section 8.1) and (B) the Person providing Cash Collateral
and the applicable Issuing Lender(s) may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure
or other obligations hereunder.

 

2.29         Extensions
of Term Loans and Revolving Commitments. (a) Notwithstanding anything to the contrary in this Agreement, the Borrower may (i)
request that the Revolving Lenders extend the maturity of their Revolving Commitments and Revolving Loans (and the related participations
in Letters of Credit) and that the Issuing Lenders extend the maturity of their respective L/C Commitments, and/or (ii) request
that the Term Lenders extend the maturity and amortization schedule of their Term Loans. In order to exercise such right, the Borrower
shall provide a notice to the Administrative Agent (who shall provide a copy of such notice to each of the Revolving Lenders or
Term Lenders, as applicable) (the “Extension Request”). 

 

(b)          The
Extension Request shall set forth the proposed terms of any Extended Lender Obligations to be established, which terms shall be
identical to those applicable to the tranche from which they are to be extended (such non-extended Revolving Commitments, the “Non-Extended
Revolving Commitments”, such non-extended Revolving Loans, the “Non-Extended Revolving Loans”, such
non-extended L/C Commitments, the “Non-Extended L/C Commitments”, and such non-extended Term Loans, the “Non-Extended
Term Loans”, and collectively, the “Non-Extended Lender Obligations”) except (i) (x) the maturity
date of any Extended Lender Obligation shall be at least one year later than the Revolving Termination Date or the Term Maturity
Date, as applicable, and (y) the amortization schedule of the Term Loans may be extended, (ii) additional fees and different interest
rates may be payable to the Lenders providing any Extended Lender Obligations and (iii) Extended Lender Obligations may be subject
to covenants or other provisions applicable only to periods after the Revolving Termination Date or the Term Maturity Date, as
applicable; provided that, notwithstanding anything to the contrary in this Section 2.29 or otherwise in this
Agreement, (A) no Extended Lender Obligations shall be secured by or receive the benefit of any collateral, credit support or security
that does not secure or support the applicable Non-Extended Lender Obligations; (B) the repayment (other than in connection
with a permanent repayment and, if applicable, termination of commitments), the mandatory prepayment and the commitment reduction
of any Loans, Commitments or L/C Commitments applicable to any Extended Lender Obligation of any tranche shall be made on a pro
rata basis with all other outstanding Loans, Commitments or L/C Commitments (including all Extended Lender Obligations) of
such tranche (provided that Extended Lender Obligations may, if the Extending Lenders making or committing to any such Extended
Lender Obligations so agree, participate on a less than pro rata basis in any voluntary or mandatory repayment or prepayment
or commitment reduction hereunder); (C) no Extended Term Loans or Extended Revolving Loans may be optionally prepaid prior to the
date on which the related Non-Extended Term Loans or Non-Extended Revolving Loans, as applicable, are repaid unless such optional
prepayment is accompanied by a pro rata optional prepayment of the related Non-Extended Term Loans or Non-Extended Revolving
Loans, as applicable; (D) each Lender holding Loans and/or Commitments of any tranche shall be permitted to participate in the
related tranche of Extended Lender Obligations in accordance with its pro rata share of the Loans and/or Commitments of
such tranche; (E) no Default or Event of Default shall exist on the Extension Date before or after giving effect to any Extended
Lender Obligations; (F) Extended Term Loans shall be treated as a separate tranche from Non-Extended Term Loans (provided
that Extended Revolving Commitments, Extended Revolving Loans, Non-Extended Revolving Commitments and Non-Extended Revolving Loans
shall be treated as a single tranche); and (G) the Flood Insurance Requirements shall be satisfied with respect to each Mortgaged
Property (if any). No Lender shall have any obligation to convert any Non-Extended Lender Obligations held by it into Extended
Lender Obligations pursuant to the Extension Request.

 

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(c)          The
Borrower shall provide the Extension Request at least 10 Business Days prior to the date on which Lenders under the applicable
tranche of Loans are requested to respond. Any Lender or Issuing Lender (an “Extending Lender”) wishing to have
all or a portion of its Term Loans and/or Revolving Commitments and/or L/C Commitments converted into Extended Lender Obligations
pursuant thereto shall notify the Administrative Agent (an “Extension Election”) on or prior to the date specified
in such Extension Request of the amount of its applicable Term Loans and/or Revolving Commitments and/or L/C Commitments that it
has elected to convert into Extended Lender Obligations. In the event that the aggregate amount of Term Loans and/or Revolving
Commitments and/or L/C Commitments subject to Extension Elections exceeds the amount of Extended Lender Obligations requested pursuant
to the Extension Request, Term Loans and/or Revolving Commitments and/or L/C Commitments shall be converted to Extended Lender
Obligations on a pro rata basis. The Borrower shall have the right to seek and accept Extended Lender Obligations from (i)
Lenders and/or (ii) third party financial institutions that are not then Lenders (each a “New Extending Lender”),
in each case in an amount equal to the amount of the Term Loans and/or Revolving Commitments and/or L/C Commitments of any Lender
or Issuing Lender that declines to become an Extending Lender (a “Declining Lender”); provided that each Lender
shall have the right to increase its Term Loans and/or Revolving Commitments and/or L/C Commitments up to the amount of the Declining
Lenders’ Term Loans and/or Revolving Commitments and/or L/C Commitments before the Borrower will be permitted to replace
a New Extending Lender for any Declining Lender. Each replacement of a New Extending Lender for a Declining Lender shall be effected
in accordance with Section 2.24. Each New Extending Lender under the Term Facility shall be subject to the prior written approval
of the Administrative Agent. Each Extending Lender under the Revolving Facility shall be subject to the prior written approval
of the Administrative Agent and each Issuing Lender. Notwithstanding anything herein to the contrary, no Lender shall have any
obligation to extend any of its Commitments and any election to do so shall be in the sole discretion of such Lender. Any Lender
not responding by 5:00 p.m. (New York City time) on the date five Business Days prior to the date on which the Borrower proposes
that the Extended Lender Obligations shall be effective (which such date shall be at least 15 Business Days after the date the
Borrower has provided the applicable Extension Request) shall be deemed to have declined to extend its Commitments.

 

(d)          Term
Loans, Revolving Commitments, Revolving Loans and L/C Commitments whose maturity is extended pursuant to this Section are referred
to as, in the case of Term Loans, “Extended Term Loans”, in the case of Revolving Commitments, “Extended
Revolving Commitments”, in the case of Revolving Loans, “Extended Revolving Loans”, and in the case
of L/C Commitments, “Extended L/C Commitments”, respectively, and collectively are referred to as “Extended
Lender Obligations”.

 

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(e)          Extended
Lender Obligations shall be established pursuant to an amendment (the “Extension Amendment”) to this Agreement
(which may include the amendments to provisions related to maturity, amortization, interest margins, fees or prepayments referenced
in Section 2.29(b) and which, in the case of Extended Revolving Commitments and Extended L/C Commitments, shall contain
provisions for the pro rata treatment of borrowings, payments, voting and other matters between the Non-Extended Revolving
Commitments, on the one hand, and the Extended Revolving Commitments, on the other hand, for such period of time as Non-Extended
Revolving Commitments and Non-Extended L/C Commitments shall be in effect) executed by the Loan Parties, the Administrative Agent,
and the Extending Lenders. Notwithstanding anything to the contrary set forth in Section 10.1, no Extension Amendment
shall require the consent of any Lender other than the Extending Lenders with respect to the Extended Lender Obligations established
thereby. In connection with the Extension Amendment, the Guarantors shall reaffirm their respective obligations under the Guarantee
and Collateral Agreement pursuant to an agreement reasonably satisfactory to the Administrative Agent, and the Borrower shall,
if requested by the Administrative Agent, deliver an opinion of counsel reasonably acceptable to the Administrative Agent as to
the enforceability of the Extension Amendment, this Agreement as amended thereby, the reaffirmation of the Guarantee and Collateral
Agreement and such of the other Loan Documents (if any) as may be amended thereby. In addition, the Extension Amendment shall contain
a representation and warranty by Holdings and the Borrower that the representations and warranties of (i) Holdings and the Borrower
contained in Section 4 and (ii) each Loan Party contained in each other Loan Document or in any document furnished at any
time under or in connection herewith or therewith are true and correct in all material respects (or, if such representation or
warranty is itself modified by materiality or Material Adverse Effect, it shall be true and correct in all respects) on and as
of the date of such Extension Amendment, except to the extent that such representations and warranties specifically refer to an
earlier date, in which case they shall be true and correct as of such earlier date. This Section shall supersede any provisions
in Section 10.1 or Section 10.7 to the contrary. Following the execution of the Extension Amendment, the Administrative
Agent shall notify the Lenders of the percentage of the Revolving Facility or Term Facility that has been extended pursuant to
this Section 2.29. Until the Revolving Termination Date, all Revolving Loans and Letters of Credit shall be made or participated
in ratably by all Revolving Lenders and thereafter, all Revolving Loans and Letters of Credit shall be made or participated in
ratably by all Extending Lenders with Extended Revolving Commitments and all other Revolving Lenders to the extent required by
Section 3.

 

(f)          Notwithstanding
anything to the contrary contained in this Agreement, (i) on any date on which any tranche of Term Loans and/or the Revolving
Commitments are converted to extend the scheduled maturity date in accordance with this Section (the “Extension Date”),
the aggregate principal amount of Term Loans and/or Revolving Commitments of such tranche of each Extending Lender shall be deemed
reduced by an amount equal to the aggregate principal amount of Extended Lender Obligations relating to such tranche so converted
by such Lender on such date and (ii) if, on the Extension Date, any Extending Lender has elected to extend the maturity date
of some, but not all, of its portion of the Revolving Commitments, such Revolving Commitments (and such Lender’s respective
Revolving Loans and L/C Obligations thereunder) shall each be allocated in the same proportion between the Non-Extended Revolving
Commitments and the Extended Revolving Commitments.

 

2.30        Refinancing
Debt.  

 

(a)          The
Borrower may, from time to time, and subject to the consent of the Administrative Agent (which consent shall not be unreasonably
withheld, delayed or conditioned), add one or more new term loan facilities (each, a “Refinancing Term Facility”)
and/or new revolving credit facilities (each, a “Refinancing Revolving Facility”; and the Refinancing Term Facilities
and Refinancing Revolving Facilities, collectively, the “Refinancing Debt”) to the Facilities to refinance (x)
all or any portion of the Term Loans then outstanding under this Agreement, (y) all or any portion of the Revolving Loans then
outstanding (or unused Revolving Commitments) under this Agreement and/or (z) all or any portion of the Incremental Equivalent
Debt then outstanding, in each case pursuant to procedures specified by the Administrative Agent in a Refinancing Amendment and
reasonably acceptable to the Borrower; provided that such Refinancing Debt:

 

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(i)          shall
not have a principal or commitment amount (or accreted value) greater than the Loans or Commitments, as applicable, being refinanced
(excluding accrued interest, fees, discounts, premiums or expenses);

 

(ii)         will
rank pari passu in right of payment as the other Loans and Commitments hereunder;

 

(iii)        will
be unsecured or secured by Property constituting the Collateral on a pari passu or junior basis with the Obligations and
shall be subject to customary intercreditor arrangements on terms reasonably acceptable to the Administrative Agent;

 

(iv)        in
the case of any Refinancing Term Facility, shall not mature earlier than the Latest Term Maturity Date then in effect, or have
a Weighted Average Life to Maturity that is shorter than the then remaining Weighted Average Life to Maturity of the then longest
outstanding tranche of Term Loans;

 

(v)         in
the case of any Refinancing Revolving Facility, shall have a final maturity date later than the termination date of the Revolving
Loans (or unused Revolving Commitments) being refinanced, and shall not be subject to any amortization or other scheduled payments
of principal, mandatory prepayment or commitment reduction prior to such Revolving Termination Date;

 

(vi)        in
the case of any Refinancing Term Facility, shall participate not more than ratably, or (if such Refinancing Term Facility is secured
by Property constituting the Collateral on a junior basis with the Obligations) on a junior basis, with the Obligations in any
voluntary or mandatory prepayments of Term Loans hereunder;

 

(vii)       shall
not be guaranteed by any Person that is not a Guarantor;

 

(viii)      shall
have material terms and conditions (other than terms with respect to interest rate and optional prepayment) that are not more favorable,
when taken as a whole (as determined by the Borrower in good faith), to the lenders providing such Refinancing Debt than, the terms
and conditions of the Facilities and Loans being refinanced, except for covenants or other provisions applicable only during periods
after the later of the Latest Revolving Termination Date and the Latest Term Maturity Date in effect at the time of such refinancing
or which are applied to the relevant Term Facility or Revolving Facility existing at the time of the incurrence of such Refinancing
Debt (so that the existing Lenders also receive the benefit of such provisions); and

 

(ix)        the
Net Cash Proceeds of such Refinancing Debt shall be applied, substantially concurrently with the incurrence thereof, to the pro
rata prepayment of the outstanding Loans being so refinanced (and, in the case of Revolving Loans, a corresponding amount of
Revolving Commitments shall be permanently reduced).

 

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(b)          The
Borrower shall make any request for Refinancing Debt pursuant to a written notice to the Administrative Agent specifying in reasonable
detail the proposed terms thereof. Any proposed Refinancing Debt may be provided by existing Lenders, or (subject to the approval
of the Administrative Agent (which approval shall not be unreasonably withheld or delayed)) other Persons that meet the requirements
to be Assignees under Section 10.6, in such respective amounts as the Borrower may elect.

 

(c)          The
effectiveness of any Refinancing Amendment shall be subject to the satisfaction on the date thereof of each of the conditions set
forth in Section 5.2 and, to the extent reasonably requested by the Administrative Agent, receipt by the Administrative
Agent of legal opinions, board resolutions, officer’s certificates, reaffirmation agreements and/or other documents in connection
therewith, including any supplements or amendments to the Security Documents providing for such Refinancing Debt to be secured
thereby, consistent with those delivered on the Closing Date under Section 5.1. The Lenders hereby authorize the Administrative
Agent to enter into amendments to this Agreement and the other Loan Documents with the Borrower as may be necessary in order to
establish new tranches of Refinancing Debt and to make such technical amendments as may be necessary or appropriate in the reasonable
opinion of the Administrative Agent and the Borrower in connection with the establishment of such new tranches, in each case on
terms consistent with and/or to effect the provisions of this Section 2.30.

 

(d)          Each
class of Refinancing Debt incurred under this Section 2.30 shall be in an aggregate principal amount that is (i) not less
than $15,000,000 and (ii) an integral multiple of $1,000,000 in excess thereof. Any Refinancing Amendment may provide for the issuance
of Letters of Credit for the account of the Borrower or any Restricted Subsidiary pursuant to any Refinancing Revolving Facility
established thereby, on terms substantially equivalent to the terms applicable to Letters of Credit under the Revolving Commitments.
The Loans and Commitments extended or established pursuant to this Section 2.30 and obligations of the Loan Parties in connection
therewith shall constitute Loans and Commitments and part of the Obligations under, and shall be entitled to all the benefits afforded
by, this Agreement, and except as expressly provided in the applicable Refinancing Amendment and intercreditor agreements (to the
extent contemplated by immediately preceding clause (a)(iii)), the other Loan Documents.

 

(e)          The
Administrative Agent shall promptly notify each Lender as to the effectiveness of each Refinancing Amendment. Each of the parties
hereto hereby agrees that, upon the effectiveness of any Refinancing Amendment, this Agreement shall be deemed amended to the extent
(but only to the extent) necessary to reflect the existence and terms of the Refinancing Debt incurred pursuant thereto (including
the addition of such Refinancing Debt 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 Refinancing Amendment
may, without the consent of any Person other than the Borrower, the Administrative Agent and the Lenders providing such Refinancing
Debt, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable
opinion of the Administrative Agent and the Borrower, to effect the provisions of this Section 2.30. In addition, if so
provided in the relevant Refinancing Amendment and with the consent of each Issuing Lender, participations in Letters of Credit
expiring on or after the Revolving Termination Date shall be reallocated from Lenders holding Revolving Commitments to Lenders
holding Extended Revolving Commitments in accordance with the terms of such Refinancing Amendment; provided, however,
that such participation interests shall, upon receipt thereof by the relevant Lenders holding Extended Revolving Commitments, be
deemed to be participation interests in respect of such Extended Revolving Commitments and the terms of such participation interests
(including the commission applicable thereto) shall be adjusted accordingly.

 

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Section 3.          LETTERS
OF CREDIT

 

3.1          L/C
Commitment.  

 

(a)          Subject
to the terms and conditions hereof, each Issuing Lender, in reliance on the agreements of the other Revolving Lenders set forth
in Section 3.4(a), agrees to issue letters of credit (“Letters of Credit”) for the account of the Borrower
or for the account of Holdings or any of its Restricted Subsidiaries (in which case the Borrower and Holdings or such Restricted
Subsidiary, as applicable, shall be co-applicants with respect to such Letter of Credit) on any Business Day during the period
commencing on the Closing Date and ending on the date that is five (5) Business Days prior to the Revolving Termination Date in
such form as may be reasonably approved from time to time by such Issuing Lender; provided that no Issuing Lender shall
have any obligation to issue any Letter of Credit if, after giving effect to such issuance, (i) the L/C Obligations would
exceed the L/C Commitment, (ii) any Revolving Lender is at such time a Defaulting Lender, unless such Issuing Lender has entered
into arrangements, including reallocation of such Lender’s Revolving Percentage of the outstanding L/C Obligations pursuant
to Section 2.27(a)(iv) or the delivery of Cash Collateral, satisfactory to such Issuing Lender with the Borrower or
such Lender to eliminate such Issuing Lender’s actual or potential Fronting Exposure (after giving effect to Section 2.27(a)(iv))
with respect to such Lender arising from either the Letter of Credit then proposed to be issued or such Letter of Credit and all
other L/C Obligations as to which such Issuing Lender has actual or potential Fronting Exposure, as it may elect in its sole discretion,
(iii) the aggregate amount of the Available Revolving Commitments would be less than zero or (iv) the outstanding L/C Obligations
in respect of Letters of Credit issued by such Issuing Lender would exceed $7,500,000 less 20% of the outstanding L/C Obligations
in respect of Existing Letters of Credit. The letters of credit issued, or deemed to be issued, pursuant to the Closing Date Indebtedness
and set forth on Schedule 3.1(a) hereof (the “Existing Letters of Credit”) shall be deemed to be “Letters
of Credit” issued on the Effective Date for all purposes of the Loan Documents. Each Letter of Credit shall expire no later
than the earlier of (x) the first anniversary of its date of issuance unless otherwise agreed by the Issuing Lender in its sole
discretion and (y) the date that is five Business Days prior to the Revolving Termination Date; provided that, if requested
by the Borrower and acceptable to the applicable Issuing Lender, a Letter of Credit issued by such Issuing Lender may provide for
the renewal thereof for additional one year periods containing an expiry date of more than twelve months after the date of issuance
(which shall in no event extend beyond the date referred to in clause (y) above (unless, at least five Business Days prior to the
then current expiry date, the Borrower shall Cash Collateralize the L/C Obligations with respect to such Letter of Credit in an
amount not less than the Minimum Collateral Amount applicable to such Letter of Credit)); provided, however, that (A) any
such Letter of Credit shall permit such Issuing Lender to prevent any such renewal at least once in each twelve-month period (commencing
with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof not later than at least 30
days (the “Nonrenewal Notice Date”) in each such twelve-month period at the time such Letter of Credit is issued
and (B) such Issuing Lender shall not permit such renewal if it has received notice on or before the date that is seven Business
Days before the Nonrenewal Notice Date from the Administrative Agent that the Majority Facility Lenders in respect of the Revolving
Facility have elected not to permit such renewal. Each Letter of Credit shall be a standby letter of credit backing a performance
or monetary obligation of the Borrower or any of its Subsidiaries (each a “Standby Letter of Credit”).

 

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(b)          No
Issuing Lender shall at any time be obligated to issue any Letter of Credit if such issuance would conflict with any applicable
Requirement of Law.

 

3.2           Procedure
for Issuance of Letter of Credit. The Borrower may from time to time request that the relevant Issuing Lender issue a Letter
of Credit by delivering to such Issuing Lender at its address for notices specified to the Borrower by such Issuing Lender an Application
therefor, with a copy to the Administrative Agent, completed to the reasonable satisfaction of such Issuing Lender, and such other
certificates, documents and other papers and information as such Issuing Lender may reasonably request. Upon receipt of any Application,
the relevant Issuing Lender will process such Application and the certificates, documents and other papers and information delivered
to it in connection therewith in accordance with its customary procedures and shall promptly issue the Letter of Credit requested
thereby (but in no event without the consent of the applicable Issuing Lender shall any Issuing Lender be required to issue any
Letter of Credit earlier than five Business Days after its receipt of the Application therefor and all such other certificates,
documents and other papers and information relating thereto) by issuing the original of such Letter of Credit to the beneficiary
thereof or as otherwise may be agreed to by such Issuing Lender and the Borrower. Such Issuing Lender shall furnish a copy of such
Letter of Credit to the Borrower promptly following the issuance thereof. Each Issuing Lender shall promptly furnish to the Administrative
Agent, which shall in turn promptly furnish to the relevant Lenders, notice of the issuance of each Letter of Credit issued by
it (including the amount thereof). 

 

3.3           Fees
and Other Charges. (a) The Borrower will pay a fee on each outstanding Standby Letter of Credit, at a per annum rate
equal to the Applicable Margin then in effect with respect to Eurodollar Loans under the Revolving Facility on the face amount
of such Standby Letter of Credit, which fees shall be shared ratably among the Revolving Lenders and payable quarterly in arrears
on each Fee Payment Date after the issuance date. In addition, the Borrower shall pay to each Issuing Lender for its own account
a fronting fee equal to 0.125% (or such greater percentage as agreed between the Borrower and the applicable Issuing Lender) per
annum on the aggregate face amount of all outstanding Letters of Credit issued by it to the Borrower, payable quarterly in arrears
on each Fee Payment Date after the issuance date. 

 

(b)          In
addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender for such customary fees and expenses as
are incurred or charged by such Issuing Lender in issuing, negotiating, effecting payment under, amending or otherwise administering
any Letter of Credit requested by the Borrower (which fees and expenses shall have been agreed to from time to time by the Borrower
and the relevant Issuing Lender).

 

(c)          Notwithstanding
anything to the contrary herein, any fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of
Credit as to which such Defaulting Lender has not provided Cash Collateral satisfactory to the applicable Issuing Lender shall
be payable, to the maximum extent permitted by applicable Law, to the other Revolving Lenders in accordance with the upward adjustments
in their respective Revolving Percentages allocable to such Letter of Credit pursuant to Section 2.27(a)(iv), with
the balance of such fee, if any, payable to the applicable Issuing Lender for its own account.

 

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3.4          L/C
Participations. (a) Each Issuing Lender irrevocably agrees to grant and hereby grants to each L/C Participant, and, to induce
such Issuing Lender to issue Letters of Credit, each L/C Participant irrevocably agrees to accept and purchase and hereby accepts
and purchases from such Issuing Lender, on the terms and conditions set forth below, for such L/C Participant’s own account
and risk an undivided interest equal to such L/C Participant’s Revolving Percentage in such Issuing Lender’s obligations
and rights under and in respect of each Letter of Credit issued by it and the amount of each draft paid by such Issuing Lender
thereunder. Each L/C Participant agrees with each Issuing Lender that, if a draft is paid prior to the Revolving Credit Termination
Date under any Letter of Credit issued by it for which such Issuing Lender is not reimbursed in full by the Borrower in accordance
with the terms of this Agreement, such L/C Participant shall pay to the Administrative Agent for the account of such Issuing Lender
upon demand an amount equal to such L/C Participant’s Revolving Percentage of the amount of such draft, or any part thereof,
that is not so reimbursed. Each L/C Participant’s obligation to pay such amount shall be absolute and unconditional and shall
not be affected by any circumstance, including (i) any setoff, counterclaim, recoupment, defense or other right that such
L/C Participant may have against any Issuing Lender, the Borrower or any other Person for any reason whatsoever, (ii) the occurrence
or continuance of a Default or an Event of Default or the failure to satisfy any of the other conditions specified in Section
5, (iii) any adverse change in the financial condition of Holdings, the Borrower, or their respective Subsidiaries, (iv) any
breach of this Agreement or any other Loan Document by the Borrower, any other Loan Party or any L/C Participant or (v) any other
circumstance, happening or event whatsoever, whether or not similar to any of the foregoing. 

 

(b)          If
any amount required to be paid by any L/C Participant to the Administrative Agent for the account of any Issuing Lender pursuant
to Section 3.4(a) in respect of any unreimbursed portion of any payment made by such Issuing Lender under any Letter of
Credit is paid to the Administrative Agent for the account of such Issuing Lender within three Business Days after the date such
payment is due, such L/C Participant shall pay to the Administrative Agent for the account of such Issuing Lender on demand an
amount equal to the product of (i) such amount, times (ii) the daily average Federal Funds Effective Rate during the period
from and including the date such payment is required to the date on which such payment is immediately available to such Issuing
Lender, times (iii) a fraction the numerator of which is the number of days that elapse during such period and the denominator
of which is 360. If any such amount required to be paid by any L/C Participant pursuant to Section 3.4(a) is not made available
to the Administrative Agent for the account of the relevant Issuing Lender by such L/C Participant within three Business Days after
the date such payment is due, such Issuing Lender shall be entitled to recover from such L/C Participant, on demand, such amount
with interest thereon calculated from such due date at the rate per annum applicable to ABR Loans under the Revolving Facility.
A certificate of the relevant Issuing Lender submitted to any relevant L/C Participant with respect to any amounts owing under
this Section shall be presumptively correct in the absence of manifest error.

 

(c)          Whenever,
at any time after any Issuing Lender has made payment under any Letter of Credit and has received from any L/C Participant its
pro rata share of such payment in accordance with Section 3.4(a) such Issuing Lender receives any payment related
to such Letter of Credit (whether directly from the Borrower or otherwise, including proceeds of collateral applied thereto by
such Issuing Lender), or any payment of interest on account thereof, such Issuing Lender will distribute to the Administrative
Agent for the account of such L/C Participant its pro rata share thereof; provided, however, that in the event that
any such payment received by such Issuing Lender shall be required to be returned by such Issuing Lender, such L/C Participant
shall return to the Administrative Agent for the account of such Issuing Lender the portion thereof previously distributed by such
Issuing Lender to it.

 

3.5           Reimbursement
Obligation of the Borrower. The Borrower agrees to reimburse each Issuing Lender in respect of any drawing under a Letter of
Credit on the immediately succeeding Business Day following receipt of notice by the Borrower from such Issuing Lender of a drawing
under a Letter of Credit and the date and amount of the relevant draft presented under such Letter of Credit (which reimbursement
shall include interest from the date on which the relevant draft is paid until such immediately succeeding Business Day at a rate
equal to the rate applicable to ABR Loans under the Revolving Facility). Each such payment shall be made to such Issuing Lender
at its address for notices specified to the Borrower and in immediately available funds. If the Borrower fails to reimburse in
whole or in part any Issuing Lender by the time set forth in the first sentence of this Section 3.5, the Borrower shall
be deemed to have requested a Revolving Loan of ABR Loans to be disbursed on the date such reimbursement is due in an amount equal
to the amount of such outstanding reimbursement. 

 

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3.6           Obligations
Absolute. The Borrower’s obligations under this Section 3 shall be absolute and unconditional under any and all
circumstances and irrespective of any setoff, counterclaim or defense to payment that the Borrower may have or have had against
any Issuing Lender, any beneficiary of a Letter of Credit or any other Person. The Borrower also agrees with each Issuing Lender
that such Issuing Lender shall not be responsible for, and the Borrower’ Reimbursement Obligations under Section 3.5
shall not be affected by, among other things, the validity or genuineness of documents or of any endorsements thereon, even though
such documents shall in fact prove to be invalid, fraudulent or forged, or any dispute between or among the Borrower and any beneficiary
of any Letter of Credit or any other party to which such Letter of Credit may be transferred or any claims whatsoever of the Borrower
against any beneficiary of such Letter of Credit or any such transferee, or any other events or circumstances that, pursuant to
applicable law or the applicable customs and practices promulgated by the International Chamber of Commerce, are not within the
responsibility of such Issuing Lender, except for errors or omissions resulting from the gross negligence, willful misconduct or
bad faith of such Issuing Lender or its employees or agents (as finally determined by a court of competent jurisdiction). No Issuing
Lender shall be liable for any error, omission, interruption or delay in transmission, dispatch or delivery of any message or advice,
however transmitted, in connection with any Letter of Credit, except for errors or omissions resulting from the gross negligence,
willful misconduct or bad faith of such Issuing Lender or its employees or agents (as finally determined by a court of competent
jurisdiction). The Borrower agrees that any action taken or omitted by any Issuing Lender under or in connection with any Letter
of Credit or the related drafts or documents, if done in the absence of gross negligence, willful misconduct or bad faith (as finally
determined by a court of competent jurisdiction) and in accordance with the standards or care specified in the UCC, shall be binding
on the Borrower and shall not result in any liability of such Issuing Lender to the Borrower and that the Issuing Lender shall
be deemed to have exercised care in each such determination. The Borrower hereby waives any claim against any Issuing Lender
and its employees and agents, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed
to direct or actual damages) suffered by the Borrower that are caused by such Issuing Lender’s or its employees or agents’
failure to exercise care when determining whether drafts and other documents presented under a Letter of Credit comply with the
terms thereof.  In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with
respect to documents presented which appear on their face to be in substantial compliance with the terms of a Letter of Credit,
the Issuing Lender may, in its sole discretion, either accept and make payment upon such documents without responsibility for further
investigation, regardless of any notice or information to the contrary, or refuse to accept and make payment upon such documents
if such documents are not in strict compliance with the terms of such Letter of Credit. 

 

3.7           Letter
of Credit Payments. If any draft shall be presented for payment under any Letter of Credit, the relevant Issuing Lender shall
promptly notify the Borrower of the date and amount thereof. The responsibility of such Issuing Lender to the Borrower in connection
with any draft presented for payment under any Letter of Credit issued by such Issuing Lender shall, in addition to any payment
obligation expressly provided for in such Letter of Credit, be limited to determining that the documents (including each draft)
delivered under such Letter of Credit in connection with such presentment are substantially in conformity with such Letter of Credit.
To the extent not inconsistent with Section 3.6, the Issuing Lender shall be entitled to rely, and shall be fully protected
in relying upon, any Letter of Credit, draft, writing, resolution, notice, consent, certificate, affidavit, letter, cablegram,
telegram, telecopy, telex or teletype message, statement, order or other document believed by it in good faith to be genuine and
correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements of legal counsel,
independent accountants and other experts selected by the Issuing Lender. 

 

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3.8          Applications.
To the extent that any provision of any Application related to any Letter of Credit is inconsistent with the provisions of this
Section 3, the provisions of this Section 3 shall apply.

 

Section 4.          REPRESENTATIONS
AND WARRANTIES

 

To induce the Agents
and the Lenders to enter into this Agreement and to make the Loans and issue or participate in the Letters of Credit, Holdings
and the Borrower hereby jointly represent and warrant (as to itself and each of its Restricted Subsidiaries) to the Agents and
each Lender, which representations and warranties shall be deemed made on the Closing Date (immediately after giving effect to
the Transactions) and on the date of each borrowing of Loans or issuance of a Letter of Credit hereunder, that:

 

4.1          Financial
Condition. (a) The Audited Financial Statements fairly present in all material respects the financial condition of the Borrower
and its Subsidiaries, as the case may be, as of the date thereof and the results of operations and cash flows for the periods covered
thereby. 

 

(b)          Except
as set forth in the Borrower’s consolidated balance sheet as of December 31, 2017 or that, individually or in the aggregate,
would not reasonably be expected to have a Material Adverse Effect, as of the Closing Date, each of Holdings, the Borrower and
its Subsidiaries (i) do not have any material Guarantee Obligations, contingent liabilities or liabilities for taxes, or any
long-term leases or unusual forward or long-term commitments, including, without limitation, any interest rate or
foreign currency swap or exchange transaction or other obligation in respect of derivatives, which are not reflected in the most
recent financial statements referred to in this clause (b) but which would in accordance with GAAP be so reflected in a
consolidated balance sheet of such Loan Party as of the Closing Date or (ii) are not party to any arrangement to pay principal
or interest with respect to any Indebtedness of any Person which is not reflected in the most recent financial statements referred
to in this clause (b), (A) which was incurred by such Loan Party or any of its Subsidiaries or guaranteed by such Loan Party
or any of its Subsidiaries at any time or the proceeds of which are or were transferred to or used by the Borrower or any of its
Subsidiaries and (B) the payments in respect of which are intended to be made with the proceeds of payments to such Person by Holdings
or any of its Subsidiaries or with any Indebtedness or Capital Stock issued by Holdings or any such Subsidiary.

 

(c)          The
forecasts referred to in Section 5.1(j)(iii) have been prepared in good faith based on the assumptions stated therein, which
assumptions are believed on the date hereof to be reasonable, it being understood that forecasts and projections are as to future
events and are not to be viewed as facts and are subject to significant uncertainties and contingencies and no representation or
warranty is given that any forecast or projection will be realized and actual results during the period or periods covered thereby
may differ significantly from the forecasted results and such differences may be material.

 

4.2          No
Change. As of any date of determination following the Closing Date, since December 31, 2017, there has been no event, development
or circumstance that has had or would reasonably be expected to have a Material Adverse Effect. 

 

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4.3          Existence;
Compliance with Law. Each of Holdings, the Borrower and its Restricted Subsidiaries (a) (i) is duly organized (or incorporated),
validly existing and in good standing (or, in the case of any Foreign Subsidiary, the equivalent status in any foreign jurisdiction)
under the Laws of the jurisdiction of its organization or incorporation, (ii) has the corporate or organizational power and authority,
and 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 or proposed to be engaged except, in each case, to the extent that any such failure to have such power,
authority or right would not reasonably be expected to have a Material Adverse Effect and (iii) is duly qualified to do business
as a foreign corporation or limited liability company and in good standing (where such concept is relevant) under the Laws of
each jurisdiction where its ownership, lease or operation of Property or the conduct of its business as now or currently proposed
to be conducted requires such qualification except, in each case, to the extent that the failure to be so qualified or in good
standing (where such concept is relevant) would not reasonably be expected to have a Material Adverse Effect and (b) is in compliance
with all Requirements of Law except to the extent that any such failure to comply therewith would not reasonably be expected to
have a Material Adverse Effect. 

 

4.4          Organizational
Power; Authorization; Enforceable Obligations. (a) Each Loan Party has the requisite power and authority to execute, deliver
and perform the Loan Documents to which it is a party and, in the case of the Borrower, to borrow or have Letters of Credit issued
hereunder. Each Loan Party has taken all necessary 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 on the terms
and conditions of this Agreement. Each Loan Party has duly executed and delivered each Loan Document to which it is a party.  

 

(b)          Except
as would not reasonably be expected to have a Material Adverse Effect, no consent or authorization of, filing with, notice to or
other act by or in respect of, any Governmental Authority is required in connection with the Transactions, the extensions of credit
hereunder or the execution, delivery, performance, validity or enforceability of this Agreement or any of the other Loan Documents,
except (i) consents, authorizations, filings and notices described in Schedule 4.4, which consents, authorizations, filings
and notices have been obtained or made (except to the extent not yet required to have been obtained or made), each of which is
in full force and effect and (ii) the filings referred to in Section 4.17.

 

(c)          This
Agreement constitutes, and each other Loan Document upon execution will constitute, a legal, valid and binding obligation of each
Loan Party that is a party thereto, enforceable against each such Loan Party in accordance with its respective terms, except as
may be limited by bankruptcy, insolvency, reorganization, moratorium or similar Laws relating to or limiting creditors’ rights
generally or by equitable principles relating to enforceability.

 

4.5          No
Legal Bar. The execution, delivery and performance of this Agreement and the other Loan Documents, the issuance of Letters
of Credit, the borrowings hereunder and the use of the proceeds thereof will not (a) violate the organizational or governing documents
of any of the Loan Parties, (b) violate any Requirement of Law or any Contractual Obligation of Holdings, the Borrower or any Restricted
Subsidiary (other than any violation which would not reasonably be expected to result in a Material Adverse Effect) or (c) result
in, or require, the creation or imposition of any Lien on any of their respective properties or revenues pursuant to any Requirement
of Law or any such Contractual Obligation (other than the Liens permitted by Section 7.3 or as otherwise contemplated by
the Loan Documents).

 

4.6          No
Material Litigation. No litigation, proceeding, investigation, audit, claim, demand or dispute with, of or before any arbitrator
or Governmental Authority is pending or, to the knowledge of Holdings or the Borrower, threatened against Holdings, the Borrower
or any Restricted Subsidiary or against any of their Properties or revenues which (a) involve any of the Loan Documents or (b)
taken as a whole, would reasonably be expected to have a Material Adverse Effect. 

 

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4.7           No
Default. No Default or Event of Default has occurred and is continuing. 

 

4.8           Ownership
of Property; Liens. Each of Holdings, the Borrower and its Restricted Subsidiaries has good and insurable title in fee simple
to, or a valid leasehold interest in, all its real property, and good title to, or a valid leasehold interest in or right to use,
all its other Property (other than Intellectual Property), in each case that are necessary for the operation of their respective
businesses as currently conducted and as proposed to be conducted, except where the failure to do so would not reasonably be expected
to have a Material Adverse Effect, and none of such Property is subject to any Lien except as permitted by the Loan Documents,
except, as of the Closing Date, as set forth in Schedule 4.8A. Schedule 4.8B lists all real property which is owned
or leased by any Loan Party as of the Closing Date, setting forth, for each such real property, the current street address or other
information that reasonably describes such real property’s location, the record owner thereof and the interest of the Loan
Parties in such real property.  

 

4.9           Intellectual
Property. Each of Holdings, the Borrower and its Restricted Subsidiaries owns, or has a valid and continuing license (or other
valid right) to use, all Intellectual Property necessary for the conduct of its business as currently conducted free and clear
of all Liens (except Liens permitted by Section 7.3), except where the failure to do so would not reasonably be expected
to have a Material Adverse Effect. Except as would not reasonably be expected, individually or in the aggregate, to have a Material
Adverse Effect, (a) all necessary registration, maintenance, renewal and other relevant filing fees in connection with any
of the Intellectual Property that is the subject of a registration or an application for registration have been timely paid, and
(b) all necessary documents, certificates and filings in connection with the Intellectual Property have been timely filed with
the relevant Government Authority and internet domain name registrar(s) for the purpose of maintaining such Intellectual Property
and all registrations and applications therefor. Except as would not reasonably be expected to have a Material Adverse Effect,
no holding, injunction, decision or judgment has been rendered by any Governmental Authority and none of Holdings, the Borrower
or any Restricted Subsidiary has entered into any settlement stipulation or other agreement (except license agreements in the ordinary
course of business) which would limit, cancel or question the validity of Holdings’, the Borrower’s or any Restricted
Subsidiary’s rights in any Intellectual Property owned by Holdings, the Borrower or any Restricted Subsidiary . No claim
has been asserted or threatened or is pending by any Person challenging or questioning the use by Holdings, the Borrower or any
Restricted Subsidiary of any Intellectual Property or the validity of any Intellectual Property, or alleging any infringement,
misappropriation or violation by Holdings, the Borrower or any Restricted Subsidiary of any Intellectual Property of any Person,
except in each case as would not reasonably be expected to have a Material Adverse Effect. The use of any Intellectual Property
by Holdings, the Borrower or any Restricted Subsidiary, and the conduct of their respective businesses, do not infringe on the
Intellectual Property rights of any Person in a manner that would reasonably be expected to have a Material Adverse Effect. To
Holdings’ or the Borrower’s knowledge, except as would not reasonably be expected to have a Material Adverse Effect,
no Person is infringing, misappropriating or violating any Intellectual Property owned or exclusively licensed by Holdings, the
Borrower or any Restricted Subsidiary, and none of Holdings, the Borrower or any Restricted Subsidiary has made or threatened to
make any claim relating to the foregoing. Holdings, the Borrower and the Restricted Subsidiaries have taken all actions that in
the exercise of their reasonable business judgment should be taken to protect their Intellectual Property, including Intellectual
Property that is confidential in nature, except where the failure to do so would not reasonably be expected to have a Material
Adverse Effect. 

 

4.10         Taxes.
Holdings, the Borrower and its Restricted Subsidiaries have filed all Federal, state and other tax returns and reports required
to be filed, and have paid all Federal, state and other taxes, assessments, fees and other governmental charges levied or imposed
upon them or their properties, income or assets otherwise due and payable, except (a) Taxes which are being contested in good faith
by appropriate proceedings diligently conducted and for which adequate reserves have been provided in accordance with GAAP or (b)
to the extent that the failure to do so would not reasonably be expected to have a Material Adverse Effect. 

 

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4.11        Use
of Proceeds; Federal Regulations. The proceeds of the Loans and Letters of Credit are being used in accordance with Section
6.10. No part of the proceeds of any Loans, and no other extensions of credit hereunder, will be used for the purpose of “buying”
or “carrying” any “margin stock” within the respective meanings of each of the quoted terms under Regulation
U as now and from time to time hereafter in effect or for any purpose that violates the provisions of the regulations of the Board. 

 

4.12        ERISA.
(a) Except as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect, none of the
following has occurred (i) a Reportable Event with respect to a Single Employer Plan, (ii) a violation of the “minimum funding
standard” of the Code or ERISA with respect to any Single Employer Plan, (iii) the termination of a Single Employer Plan
or the filing of a notice of intent to terminate a Single Employer Plan pursuant to Section 4041 of ERISA, (iv) the imposition
of a Lien pursuant to ERISA or the Code in respect of any Single Employer Plan or Multiemployer Plan; (v) a complete or partial
withdrawal from any Multiemployer Plan, (vi) a withdrawal from a Single Employer Plan subject to Section 4063 of ERISA during a
plan year in which it was a substantial employer (as defined in Section 4001(a)(2) of ERISA), (vii) the receipt of notice that
a Multiemployer Plan is Insolvent, (vii) the institution of proceedings to terminate a Single Employer Plan or Multiemployer Plan
by the PBGC, (viii) the failure to make any required contribution to any Single Employer Plan or Multiemployer Plan when due, and
(ix) any other event or condition that would reasonably be expected to constitute grounds under Section 4042 of ERISA for the termination
of, or the appointment of a trustee to administer, any Single Employer Plan or Multiemployer Plan (any such events described in
subsections (i) through (ix) to be referred to herein as an “ERISA Event”). 

 

(b)          Except
as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect, (i) each Plan has complied
with the applicable provisions of ERISA and the Code and each Plan that is intended to qualify for tax exempt status under Section
401 or 501 of the Code is so qualified and (ii) the present value of all accrued benefits under each Single Employer Plan (based
on those assumptions used to fund such Single Employer Plans) did not, as of the last annual valuation date prior to the date on
which this representation is made or deemed made, exceed the value of the assets of such Single Employer Plan allocable to such
accrued benefits.

 

(c)          Holdings,
the Borrower and their respective Subsidiaries have not incurred, and do not reasonably expect to incur, any liability under ERISA
or the Code with respect to any plan within the meaning of Section 3(3) of ERISA which is subject to Title IV of ERISA that is
maintained by a Commonly Controlled Entity (other than Holdings, the Borrower and their respective Subsidiaries) (a “Commonly
Controlled Plan”) merely by virtue of being treated as a single employer under Title IV of ERISA with the sponsor of
such plan that would reasonably be likely to have a Material Adverse Effect and result in a direct obligation of Holdings, the
Borrower and their respective Subsidiaries to pay money.

 

4.13        Investment
Company Act. No Loan Party is required to be registered as an “investment company” within the meaning of the Investment
Company Act of 1940, as amended. 

 

4.14        Subsidiaries.
(a) The Subsidiaries of Holdings listed on Schedule 4.14 constitute all the Subsidiaries of Holdings as of the Closing Date.
Schedule 4.14 sets forth as of the Closing Date the name and jurisdiction of incorporation of each such Subsidiary and,
as to each such Subsidiary, the percentage of each class of Capital Stock owned by any Loan Party. 

 

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(b)          As
of the Closing Date, except as set forth on Schedule 4.14, there are no outstanding subscriptions, options, warrants, calls,
rights or other agreements or commitments of any nature to which Holdings or any of its Subsidiaries is a party relating to any
Capital Stock of the Borrower or any of their respective Subsidiaries.

 

4.15        Environmental
Matters. Except as would not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect,
(a) the operations of Holdings, the Borrower and each Restricted Subsidiary is and has been in compliance with all applicable
Environmental Laws, which compliance includes obtaining, maintaining and complying with all permits, licenses or other approvals
required by Environmental Laws for the operation of the Business; (b) none of Holdings, the Borrower or any Restricted Subsidiary
is subject to, has received notice of, or, to the knowledge of Holdings and the Borrower , has been threatened with any Environmental
Claim or potential Environmental Claim; and (c) to the knowledge of Holdings and the Borrower, there are no facts, circumstances
or conditions arising out of or relating to the operations of Holdings, the Borrower or any Restricted Subsidiary or any real
property currently or formerly owned, leased, subleased, operated or otherwise occupied by or for Holdings, the Borrower or any
Restricted Subsidiary that would reasonably be expected to result in Holdings, the Borrower or any Restricted Subsidiary incurring
liabilities in connection with any Environmental Claim. 

 

4.16        Accuracy
of Information, etc.. No written statement or written information or data, taken as a whole (excluding the projections and
pro forma financial information referred to below or estimates (including financial estimates, forecasts and other forward-looking
information) and information of a general economic or general industry basis) contained in this Agreement, any other Loan Document
or any certificate furnished to the Administrative Agent or the Lenders or any of them, by or on behalf of any Loan Party for
use in connection with the transactions contemplated by this Agreement or the other Loan Documents when taken as a whole, contained
as of the date such statement, information, or certificate was so furnished, any untrue statement of a material fact or omitted
to state a material fact necessary in order to make the statements contained herein or therein not materially misleading in light
of the circumstances in which they were made. The projections and pro forma financial information contained in the materials referenced
above are based upon good faith estimates and assumptions believed by management of the Borrower to be reasonable at the time
made, it being recognized by the Lenders that such financial information as it relates to future events is not to be viewed as
facts and are subject to certain uncertainties and contingencies, many of which are beyond the Loan Parties’ control, and
that actual results during the period or periods covered by such financial information may differ significantly from the projected
results set forth therein and such differences may be material. 

 

4.17        Security
Documents. (a) The Guarantee and Collateral Agreement is effective to create in favor of the Collateral Agent for the benefit
of the Secured Parties, a legal and valid first priority security interest (subject to Liens permitted by Section 7.3)
in the Collateral described therein (including any proceeds of any item of Collateral). In the case of (i) the Pledged Securities
described in the Guarantee and Collateral Agreement constituting Certificated Securities, when any stock certificates or notes,
as applicable, representing such Pledged Securities are delivered to the Collateral Agent and (ii) the Collateral described in
the Guarantee and Collateral Agreement (other than the Collateral referred to in the immediately preceding clause (i)), when financing
statements in appropriate form are filed in the offices specified on Schedule 4.17(a) (which financing statements have
been duly completed and executed (as applicable) and delivered to the Collateral Agent), recordation of the security interest
of the Collateral Agent on behalf of the Secured Parties has been made in the United States Patent and Trademark Office, and such
other filings as are specified on Schedule 4.17(a) are made, the Collateral Agent shall have a fully perfected first priority
Lien on, and first priority security interest in, all right, title and interest of the Loan Parties in such Collateral (including
any proceeds of any item of Collateral), to the extent a security interest in such Collateral can be perfected through the filing
of financing statements in the offices specified on Schedule 4.17(a), the filing of appropriate filings in the United States
Patent and Trademark Office and the filings specified on Schedule 4.17(a), or through the delivery of the Pledged Securities
required to be delivered on the Closing Date, as the case may be, as security for the Obligations, in each case prior and superior
in right to any other Person (except with respect to Liens permitted by Section 7.3 other than clause (cc) thereof)
to the extent required by the Guarantee and Collateral Agreement.

 

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(b)          Upon
the execution and delivery of any Mortgage to be executed and delivered pursuant to Section 6.8(b), such Mortgage shall
be effective to create in favor of the Collateral Agent for the benefit of the Secured Parties a legal and valid Lien on the mortgaged
property described therein and proceeds thereof; and when such Mortgage is filed in the recording office designated by the Borrower,
such Mortgage shall constitute a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties
in such mortgaged property and the proceeds thereof, as security for the Obligations (as defined in the relevant Mortgage), in
each case prior and superior in right to any other Person (except with respect to Liens permitted by Section 7.3 other than
clause (cc) thereof) thereof or other encumbrances or rights permitted by the relevant Mortgage).

 

4.18        Solvency.
As of the Closing Date, both before and after giving effect to (a) the Loans on or prior to the Closing Date, (b) the disbursement
of the proceeds of such Loans, (c) the consummation of the Transactions, and (d) the payment and accrual of all transaction costs
and any contribution and indemnification obligations in connection with the foregoing, the Borrower and the Subsidiary Guarantors,
on a consolidated basis, are Solvent. 

 

4.19        Labor
Matters. No labor problem or dispute with the employees of Holdings, the Borrower or any of its Restricted Subsidiaries exists
or, to the knowledge of Holdings and the Borrower, is threatened; and there are no unfair labor practice complaints pending or,
to the knowledge of Holdings or the Borrower, threatened against any of Holdings, the Borrower or any Restricted Subsidiary; in
either case which would reasonably be expected to have a Material Adverse Effect. 

 

4.20        Patriot
Act; OFAC; Anti-Corruption Laws.  

 

(a)          To
the extent applicable, (i) each of Holdings, the Borrower, and their respective Subsidiaries is in compliance with all Sanction(s)
and the PATRIOT Act and (ii) each of Holdings, the Borrower and their respective Subsidiaries have instituted and maintain policies
and procedures designed to ensure compliance with Anti-Corruption Laws and applicable Sanctions.

 

(b)          None
of the Borrower, Holdings or any of their respective Subsidiaries or, to the knowledge of the Borrower, any director, officer employee
or agent of Holdings or any of its Subsidiaries, is a Person that is, or is owned or controlled by Persons that are (i) currently
the subject of any Sanction(s), (ii) except to the extent permissible for a Person required to comply with Sanctions, is located,
organized or residing in any Designated Jurisdiction, or in any country or territory that at the time of such funding is, or whose
government is, a Designated Jurisdiction or (iii) except to the extent permissible for a Person required to comply with Sanctions,
is or has been (within the previous five years) engaged in any transaction with any Person who is now or was then the subject of
Sanctions or who is located, organized or residing in any Designated Jurisdiction, or in any country or territory that at the time
of such funding is, or whose government is, a Designated Jurisdiction. Except to the extent permissible for a Person required to
comply with Sanctions, no Loan, nor the proceeds from any Loan, is being or has been used, directly or indirectly, to lend, contribute,
provide or has otherwise made available to fund any activity or business in any Designated Jurisdiction or to fund any activity
or business with any Person located, organized or residing in any Designated Jurisdiction or who is the subject of any Sanctions,
or in any other manner that could result in any violation by any Person (including any Lead Arranger, Lender, the Administrative
Agent or any Issuing Lender) of Sanction(s) or that could result in a Person becoming subject to Sanction(s).

 

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(c)          To
the knowledge of the Borrower, none of Holdings, the Borrower or its Subsidiaries is or for the past five years has been in violation
of any Anti-Corruption Law. No part of the proceeds of the Loans will be used, directly or indirectly by or on behalf of any Loan
Party or Subsidiary, for any payments to any governmental official or employee, political party, official of a political party,
candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or
obtain any improper advantage, in violation of any Anti-Corruption Law, or so as to cause any liability for Lenders or the Administrative
Agent under any Anti-Corruption Law.

 

4.21        Material
Contracts. As of the Closing Date, all material Contractual Obligations are in full force and effect and no defaults by the Borrower
or its Restricted Subsidiaries exist thereunder (other than as described in Schedule 4.21) in each case except as could not reasonably
be expected to have a Material Adverse Effect.  

 

4.22        Senior
Indebtedness. The Obligations constitute “senior debt,” “senior indebtedness,” “designated senior
debt”, “guarantor senior debt” or “senior secured financing” (or any comparable term) of each Loan
Party party thereto under and as defined in any definitive documentation governing any senior subordinated or subordinated Indebtedness.
 

 

4.23        Special
Flood Hazard Properties. To the extent any Mortgaged Property exists, either (i) no Mortgaged Property is a Special Flood Hazard
Property or (ii) if a Mortgaged Property is a Special Flood Hazard Property, such Mortgaged Property complies with the Flood Insurance
Requirements. 

 

4.24        Not
an EEA Financial Institution. No Loan Party is an EEA Financial Institution. 

 

Section 5.          CONDITIONS
PRECEDENT

 

5.1          Conditions
to Initial Extension of Credit. The occurrence of the Closing Date is subject to the satisfaction (or waiver), of the following
conditions precedent: 

 

(a)          Credit
Agreement; Security Documents. The Administrative Agent shall have received (i) this Agreement, executed and delivered by the
Administrative Agent, Holdings, the Borrower and each Lender whose name appears on the signature pages hereof and (ii) the Guarantee
and Collateral Agreement, executed and delivered by the parties thereto.

 

(b)          Consummation
of the Closing Date Refinancing; Extinguishment of Liens. On or prior to the Closing Date and concurrently with the incurrence
of the Loans, all Closing Date Indebtedness shall have been repaid in full, together with all fees and other amounts owing thereon
and all commitments thereunder shall have been terminated and all liens securing the obligations under the Closing Date Indebtedness
shall have been terminated (or arrangements reasonably satisfactory to the Administrative Agent for such termination shall have
been made), together with all fees and other amounts owing thereon and the Administrative Agent shall have received reasonably
satisfactory evidence from Holdings and the Borrower as to the foregoing (and all letters of credit issued or guaranteed as part
of such Closing Date Indebtedness shall have been re-evidenced hereby as an Existing Letter of Credit). Holdings, the Borrower
and the Restricted Subsidiaries shall have no Indebtedness for borrowed money outstanding as of the Closing Date other than under
the Facilities and other Indebtedness permitted by Section 7.2.

 

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(c)          Solvency
Certificate. The Administrative Agent shall have received a solvency certificate signed by the chief financial officer of the
Borrower, substantially in the form of Exhibit F hereto.

 

(d)          Lien
Searches. The Collateral Agent shall have received the results of recent lien searches in each of the jurisdictions in which
UCC financing statements will be made to evidence or perfect security interests in the assets of the Loan Parties that form part
of the Collateral, and each such search shall reveal no Liens on any of the assets of the Loan Parties, except for Liens permitted
by Section 7.3 or liens to be discharged on or prior to the Closing Date.

 

(e)          Closing
Certificate. The Administrative Agent shall have received a certificate of each of Holdings, the Borrower and each Subsidiary
Guarantor dated the Closing Date, substantially in the form of Exhibit D, with appropriate insertions and attachments.

 

(f)           Legal
Opinions. The Administrative Agent shall have received an executed legal opinion of (i) White & Case LLP, New York, Delaware
and California counsel to the Loan Parties organized in such jurisdictions and (ii) Holland & Hart LLP, Nevada counsel to the
Loan Parties organized in such jurisdiction, in each case, covering such customary matters incident to the Transactions contemplated
by this Agreement as the Administrative Agent may reasonably require and in form and substance reasonably satisfactory to the Administrative
Agent.

 

(g)          Pledged
Securities; Stock Powers; Pledged Notes. The Collateral Agent shall have received (i) the certificates representing the shares,
if any, of Capital Stock of the Borrower and (to the extent required by the terms of the Guarantee and Collateral Agreement) the
Borrower’s Subsidiaries pledged to the Collateral Agent pursuant to (and, in the case of the Capital Stock of any Foreign
Subsidiary, subject to the limitations of) 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 and (ii) each promissory note (if any) required
to be pledged to the Collateral Agent pursuant to the Guarantee and Collateral Agreement endorsed (without recourse) in blank (or
accompanied by an executed transfer form in blank) by the pledgor thereof.

 

(h)          Filings,
Registrations and Recordings. Each document (including, without limitation, any UCC financing statement) required by the Security
Documents to be filed, registered or recorded in order to create in favor of the Collateral Agent for the benefit of the Secured
Parties, a first priority perfected Lien on the Collateral described therein (subject to Liens permitted by Section 7.3),
shall have been delivered to the Collateral Agent in proper form for filing, registration or recordation.

 

(i)           Insurance.
The Administrative Agent shall have received insurance certificates and endorsements satisfying the requirements of Section
6.5(c), 6.5(d), 6.5(e) and 6.5(f).

 

(j)           Financials.
The Administrative Agent shall have received (i) the Audited Financial Statements, (ii) consolidated unaudited financial statements
of the Borrower for the fiscal quarters ended March 31, June 30 and September 30, 2018, together with consolidated unaudited financial
statements for the corresponding period of the prior year and (iii) the financial projections of Holdings and its Subsidiaries
through its seventh fiscal year following the Closing Date, which will be prepared on a pro forma basis to give effect to the Transactions
and will include consolidated income statements (with Consolidated EBITDA clearly noted), consolidated balance sheets and consolidated
cash flow statements, a pro forma schedule of sources and uses and a pro forma consolidated balance sheet of Holdings and its Subsidiaries
as at the Closing Date, all of which will be in form reasonably satisfactory to the Administrative Agent.

 

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(k)          PATRIOT
Act. The Lenders shall have received at least five days prior to the Closing Date from each of the Loan Parties documentation
and other information required by regulatory authorities under applicable “know your customer” and anti-money laundering
rules and regulations, including the PATRIOT Act, reasonably requested in each case at least ten days prior to the Closing Date.

 

(l)           Fees.
The Administrative Agent shall have received reasonably satisfactory evidence that all fees and expenses required to be paid on
the Closing Date shall, on or before the Closing Date, have been paid.

 

(m)          Material
Adverse Effect. Since December 31, 2017, no adverse change in or affecting the business, assets, liabilities, operations, financial
condition or operating results of the Borrower that, individually or in the aggregate, has had, or could reasonably be expected
to have, a material adverse effect on the business, assets, liabilities, operations, financial condition or operating results of
Holdings, the Borrower and the Restricted Subsidiaries, taken as a whole, shall have occurred.

 

5.2           Conditions
to Each Extension of Credit. The agreement of each Lender to make any Loan or of the Issuing Lender to issue, amend, renew
or extend any Letter of Credit hereunder on the Closing Date or any date thereafter is subject to the satisfaction (or waiver)
of the following conditions precedent: 

(a)          Representations
and Warranties. Each of the representations and warranties made by any Loan Party in or pursuant to the Loan Documents shall
be true and correct in all material respects, in each case on and as of such date as if made on and as of such date except to the
extent that such representations and warranties relate to an earlier date, in which case such representations and warranties shall
be true and correct in all material respects as of such earlier date (provided that any representation and warranty that
is qualified as to materiality or Material Adverse Effect shall be true and correct in all respects).

 

(b)          No
Default. No Default or Event of Default shall have occurred and be continuing on such date or after giving effect to the extensions
of credit requested to be made on such date.

 

(c)          Borrowing
Notice. The Administrative Agent shall have received an irrevocable notice of borrowing in accordance with Sections 2.2
and/or 2.5, as applicable, and substantially in the form of Exhibit A-1 hereto.

 

Each borrowing by and issuance of a Letter
of Credit on behalf of the Borrower hereunder shall constitute a representation and warranty by the Borrower as of the date of
such extension of credit that the conditions contained in this Section have been satisfied (or waived).

 

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Section 6.         AFFIRMATIVE
COVENANTS

 

Each of Holdings and
the Borrower (on behalf of itself and each of the Restricted Subsidiaries) hereby agrees that, so long as the Commitments remain
in effect, any Letter of Credit remains outstanding (that has not been Cash Collateralized or backstopped) or any Loan or other
amount is owing to any Lender or any Agent hereunder (other than contingent or indemnification obligations not then asserted or
due), Holdings (with respect to itself, solely in the case of Sections 6.1(a)(i), 6.1(b)(i), 6.4(a), 6.8
and 6.9) and the Borrower shall and (to the extent relevant) shall cause each of the Restricted Subsidiaries to:

 

6.1          Financial
Statements. Furnish to the Administrative Agent for delivery to each Lender (which may be delivered via posting an Approved
Electronic Platform): 

 

(a)          as
soon as available, but in any event not later than 120 days after the end of each fiscal year of the Borrower commencing with the
fiscal year ended December 31, 2018, a copy of (i) the unaudited consolidated balance sheet of Holdings and the related unaudited
consolidated statements of income and of cash flows for such year, in each case setting forth in comparative form the figures as
of the end of the previous year and (ii) the audited consolidated balance sheet of Borrower and its Subsidiaries as at the end
of such year and the related audited consolidated statements of income and of cash flows for such year, in each case setting forth
in comparative form the figures as of the end of and for the previous year, reported on without any “going concern”
or like qualification or exception or any qualification arising out of the scope of the audit (but may contain a “going concern”
explanatory paragraph or like qualification that is due to (i) the impending maturity of any Indebtedness under the Facilities
or (ii) any anticipated inability to satisfy the Financial Condition Covenant), by KPMG LLP or other independent certified public
accountants of nationally recognized standing, along with copies of management letters and analysis submitted by such accountants
to the Borrower and its Subsidiaries in connection with such financial statements;

 

(b)          as
soon as available, but in any event not later than 45 days after the end of each of the first three quarterly periods of each fiscal
year of the Borrower, commencing with the fiscal quarter ending March 31, 2019, (i) the unaudited consolidated balance sheet of
Holdings as at the end of such quarter and the related unaudited consolidated statements of income and of cash flows for such quarter
and the portion of the fiscal year through the end of such quarter, setting forth in each case in comparative form the figures
as of the end of and for the corresponding period in the previous year and (ii) the unaudited consolidated balance sheet of the
Borrower and its Subsidiaries as at the end of such quarter and the related unaudited consolidated statements of income and of
cash flows for such quarter and the portion of the fiscal year through the end of such quarter, setting forth in each case in comparative
form the figures as of the end of and for the corresponding period in the previous year, certified by a Responsible Officer as
being fairly stated in all material respects (subject to normal year-end audit adjustments and the absence of footnotes); and

 

(c)          simultaneously
with the delivery of each set of consolidated financial statements referred to in Sections 6.1(a) and 6.1(b) above,
the related summary consolidating schedules reflecting the adjustments necessary to eliminate the accounts of Unrestricted Subsidiaries
(if any) from such consolidated financial statements.

 

All such financial statements shall be
complete and correct in all material respects and shall be prepared in reasonable detail and in accordance with GAAP applied consistently
throughout the periods reflected therein and with prior periods (except as approved by such accountants or officer, as the case
may be, and disclosed therein and except, in the case of the financial statements referred to in clause (b), for customary year-end
adjustments and the absence of footnotes).

 

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Documents required to be delivered pursuant
to this Section may be delivered by the Borrower delivering such documents electronically to the Administrative Agent for posting
to the Lenders on an Approved Electronic Platform to which each Lender and the Administrative Agent have been granted access.

 

6.2          Certificates;
Other Information. Furnish to the Administrative Agent for delivery to each Lender, or, in the case of clause (d) and (e),
to the relevant Lender: 

 

(a)          concurrently
with the delivery of any financial statements pursuant to Section 6.1 (commencing with the fiscal year ended December
31, 2018), (i) a certificate of a Responsible Officer of the Borrower stating that such Responsible Officer has obtained no knowledge
of any Default or Event of Default except as specified in such certificate, (ii) (A) a Compliance Certificate containing all information
and calculations necessary for determining the Consolidated First Lien Leverage Ratio and Consolidated Total Leverage Ratio, and
compliance by the Borrower and its Restricted Subsidiaries with the provisions of Section 7.1, in each case, as of the last
day of the fiscal quarter or fiscal year of the Borrower, as the case may be, (B) to the extent not previously disclosed to the
Administrative Agent, a description of any new Subsidiary and of any change in the jurisdiction of organization of any Loan Party
and a listing of any new registrations, and applications for registration, of material Intellectual Property acquired or made by
any Loan Party since the date of the most recent list delivered pursuant to this clause (B) (or, in the case of the first such
list so delivered, since the Closing Date) and (C) commencing in respect of the fiscal year ending December 31, 2019, in connection
with the financial statements delivered under Section 6.1(a), a certificate setting forth the calculation of Excess Cash
Flow for the applicable Excess Cash Flow Period, and (iii) a summary management discussion and analysis, discussing and analyzing
the results of operations for the Borrower and its Subsidiaries for the corresponding fiscal year or fiscal quarter for which such
financial statements are delivered;

 

(b)          concurrently
with the delivery of the financial statements referred to in Section 6.1(a), a certificate of the independent certified
public accountants reporting on such financial statements and stating that in performing their audit nothing came to their attention
that caused them to believe the Borrower failed to comply with the financial covenant set forth in Section 7.1, except as
specified in such certificate (which certificate may be limited to the extent required by accounting rules or guidelines and such
accounting firm’s internal policies and procedures);

 

(c)          promptly
after the same are sent, copies of all financial statements and reports that Holdings or the Borrower send to the holders of any
class of their debt securities or public equity securities (except for Permitted Investors) and, promptly after the same are filed,
copies of all financial statements and reports that Holdings or the Borrower may make to, or file with, the SEC, in each case to
the extent not already provided pursuant to Section 6.1 or any other clause of this Section;

 

(d)          to
the extent that Holdings or the Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation
at any time after the Closing Date, provide a Beneficial Ownership Certification for purposes of compliance with the Beneficial
Ownership Regulation directly to any Lender that has reasonably requested such certification in a written notice to the Borrower;

 

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(e)          promptly
following receipt of knowledge thereof, notice of any change in the information provided in any Beneficial Ownership Certification
delivered pursuant to (d) above that would result in a change to the list of beneficial owners identified therein; and

 

(f)          promptly,
such additional financial and other information (including information required by the PATRIOT Act) as the Administrative Agent
(for its own account or upon the reasonable request from any Lender) may from time to time reasonably request.

 

Documents required to
be delivered pursuant to this Section may be delivered by the Borrower delivering such documents electronically to the Administrative
Agent for posting to the Lenders on an Approved Electronic Platform to which each Lender and the Administrative Agent have been
granted access.

 

6.3          Payment
of Taxes. Pay, discharge or otherwise satisfy at or before maturity or before they become
delinquent, as the case may be, all its material taxes, governmental assessments and governmental charges, except (a) where the
amount or validity thereof is currently being contested in good faith by appropriate proceedings and reserves required in conformity
with GAAP with respect thereto have been provided on the books of Holdings, the Borrower or any Restricted Subsidiary, as the
case may be, or (b) to the extent that failure to pay or satisfy such obligations would not reasonably be expected to have a Material
Adverse Effect.

 

6.4          Conduct
of Business and Maintenance of Existence, etc.; Compliance. (a) (i) Preserve, renew and keep in full force and effect
its corporate or other existence and (ii) take all reasonable action to maintain all rights, privileges and franchises necessary
or desirable in the normal conduct of its business, except, in each case, as otherwise permitted by Section 7.4 or except,
in the case of clause (ii) above, to the extent that failure to do so would not reasonably be expected to have a Material Adverse
Effect; and (b) comply with all Requirements of Law (including ERISA, OFAC, Anti-Corruption Laws, PATRIOT Act and other anti-terrorism
and anti-money laundering laws) and material Contractual Obligations except to the extent that failure to comply therewith would
not, in the aggregate, reasonably be expected to have a Material Adverse Effect. Holdings and the Borrower will maintain in effect
and enforce policies and procedures designed to ensure compliance by Holdings, the Borrower, their respective Subsidiaries and
their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions.  

 

6.5          Maintenance
of Property; Insurance. (a) Keep all Property material to the conduct of its business in reasonably good working order and
condition, ordinary wear and tear excepted, except where a failure to do so, individually or in the aggregate, would not reasonably
be expected to have a Material Adverse Effect. 

 

(b)          Take
all reasonable and necessary steps, including, in any proceeding before the United States Patent and Trademark Office or the United
States Copyright Office, as applicable, to maintain and pursue each application (and to obtain the relevant registration) and to
maintain each registration of any of its material Intellectual Property, including, filing of applications for renewal or extension,
affidavits of use and affidavits of incontestability, except in each case to the extent that failure to do so would not reasonably
be expected to have a Material Adverse Effect.

 

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(c)          Maintain
insurance with insurance companies that the Borrower believes (in the reasonable good faith judgment of the management of the Borrower)
are financially sound and responsible at the time the relevant coverage is placed or renewed on all its material Property in at
least such amounts (after giving effect to any self-insurance which the Borrower believes (in the reasonable good faith judgment
of management of the Borrower) is reasonable and prudent in light of the size and nature of its business) and against at least
such risks as the Borrower believes (in the reasonable good faith judgment of the management of the Borrower) is reasonable and
prudent in light of the size and nature of its business. All such insurance shall, to the extent customary (but in any event, not
including business interruption insurance and personal injury insurance) (i) provide that no cancellation thereof shall be effective
until at least 30 days after receipt by the Administrative Agent of written notice thereof and (ii) name the Administrative Agent
and the Collateral Agent as additional insured or loss payee, as applicable, and contain a lender’s loss payable endorsement.

 

(d)          If
any Mortgaged Property is at any time a Special Flood Hazard Property and the community in which such Mortgaged Property is located
participates in the National Flood Insurance Program, comply, or cause each applicable Loan Party to comply, with the Flood Insurance
Requirements. In connection with any Flood Compliance Event, the Collateral Agent shall provide to the Secured Parties evidence
of compliance with the Flood Insurance Requirements, to the extent received from the Borrower. The Collateral Agent agrees to request
such evidence of compliance at the request of any Secured Party. Unless the Borrower provides the Collateral Agent with evidence
of the Flood Insurance required by this Agreement, the Collateral Agent may purchase such Flood Insurance at the Borrower’s
expense to protect the interests of the Collateral Agent and the Secured Parties. The Borrower and each Loan Party shall cooperate
with the Collateral Agent in connection with compliance with the Flood Laws, including by providing any information reasonably
required by the Collateral Agent (or by any Secured Party through the Collateral Agent) in order to confirm compliance with the
Flood Laws.

 

(e)          If
a Flood Redesignation shall occur with respect to any Mortgaged Property, provided the Borrower or the applicable Loan Party is
aware, or is made aware by the Collateral Agent, of such Flood Redesignation, confirm that the Collateral Agent has obtained a
current completed Flood Hazard Determination with respect to the applicable Mortgaged Property, and comply with the Flood Insurance
Requirements with respect to such Mortgaged Property by not later than forty-five (45) days after the date of the Flood Redesignation
or any earlier date required by the Flood Laws.

 

(f)          Provide
to the Collateral Agent written notice of any Flood Compliance Event under clause (d) of the defined term “Flood Compliance
Event” within thirty (30) days prior to such Flood Compliance Event. The Collateral Agent shall provide a copy of such notice
to the Secured Parties and shall obtain a current completed Flood Hazard Determination in connection with a Flood Compliance Event
under clause (d) of the defined term “Flood Compliance Event”.

 

(g)          In
connection with any Flood Compliance Event under clauses (b) or (c) of the defined term “Flood Compliance Event”, the
Collateral Agent shall obtain a current completed Flood Hazard Determination not less than thirty (30) days prior to such Flood
Compliance Event, and the Borrower shall comply, or re-comply, as the case may be, with the Flood Insurance Requirements by not
later than the date of the Flood Compliance Event and as a condition precedent to the occurrence of such Flood Compliance Event.

 

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6.6          Books
and Records; Inspection of Property; Discussions. (a) Keep proper books of records and account in which full, true and correct
entries shall be made of all material dealings and transactions in relation to its business and activities, in a form in which
financial statements conforming with GAAP can be generated, (b) permit representatives of any Lender to visit and inspect any
of its properties and examine and make abstracts from any of its books and records upon reasonable prior notice and during normal
business hours (provided that such visits shall be coordinated by the Administrative Agent and, in the case of any leased
properties, as in accordance with the provisions of the lease with regards to inspection), (c) permit representatives of any Lender
to have reasonable discussions regarding the business, operations, properties and financial and other conditions of Holdings,
the Borrower and its Subsidiaries with officers and employees of Holdings, the Borrower and its Subsidiaries (provided
that any Lender shall coordinate any request for such discussions through the Administrative Agent) upon reasonable prior notice
and during normal business hours and (d) permit representatives of the Administrative Agent upon reasonable prior notice to have
reasonable discussions regarding the business, operations, properties and financial and other conditions of Holdings, the Borrower
and its Subsidiaries with its independent certified public accountants, subject to such independent certified public accountants’
normal and customary guidelines and procedures with respect to such discussions; provided that a Responsible Officer of
Holdings or the Borrower shall be permitted to be present during any such discussion, and provided, further, that, excluding
any such visits and inspections during the continuation of an Event of Default the Administrative Agent and the Lenders shall
not exercise such rights more than once in any calendar year; provided, further that when an Event of Default exists, the
Administrative Agent (or any of its representatives or independent contractors) or any representative of the Required Lenders
may do any of the foregoing at the expense of the Borrower at any time during normal business hours and upon reasonable advance
notice. 

 

6.7          Notices.
Promptly upon a Responsible Officer of Holdings or any Loan Party obtaining knowledge thereof, give notice to the Administrative
Agent (who shall promptly notify each Lender) of:

 

(a)          the
occurrence of any Default or Event of Default;

 

(b)          any
litigation, investigation or proceeding which may exist at any time between Holdings, the Borrower or any of its Restricted Subsidiaries
and any other Person, that in either case, would reasonably be expected to be adversely determined, and, if so determined, would
reasonably be expected to have a Material Adverse Effect individually or in the aggregate;

 

(c)          the
following events, that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect, as soon
as possible and in any event within 30 days after Holdings, the Borrower or any of its Restricted Subsidiaries knows thereof: (i)
the occurrence of any Reportable Event with respect to any Single Employer Plan, a failure to make any required contribution to
a Single Employer Plan, the creation of any Lien in favor of the PBGC or a Single Employer Plan or any withdrawal from, or the
termination or Insolvency of, any Multiemployer Plan, (ii) the institution of proceedings or the taking of any other action by
the PBGC or Holdings or any Commonly Controlled Entity or any Multiemployer Plan with respect to the withdrawal from, or the termination
or Insolvency of, any Multiemployer Plan or (iii) the occurrence of any similar events with respect to a Commonly Controlled Plan,
that would reasonably be likely to result in a direct obligation of Holdings, the Borrower or any of their respective Subsidiaries
to pay money;

 

(d)          the
following events that, individually or in the aggregate, could reasonably be expected to result in Holdings, the Borrower or any
of its Restricted Subsidiaries incurring liabilities in excess of $10,000,000 in any fiscal year, as soon as possible and in any
event no later than 10 Business Days after Holdings, the Borrower or any of its Restricted Subsidiaries knows thereof: (i) a Release
of Hazardous Materials in violation of Environmental Laws or (ii) the receipt by Holdings, the Borrower or any of its Restricted
Subsidiaries of any notice of any Environmental Claim or potential Environmental Claim or the existence of any condition that could
reasonably be expected to result in an Environmental Claim;

 

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(e)          the
receipt by Holdings, the Borrower or any of its Restricted Subsidiaries of notification that any property of Holdings, the Borrower
or any of its Restricted Subsidiaries is subject to any statutory lien in favor any Governmental Authority securing, in whole or
in part, liabilities relating to any Environmental Claim; and

 

(f)          any
development or event that has had or could reasonably be expected to have a Material Adverse Effect.

 

Each notice pursuant to this Section shall
be accompanied by a statement of a Responsible Officer setting forth details of the occurrence referred to therein and stating
what action Holdings, the Borrower or the relevant Restricted Subsidiary proposes to take with respect thereto.

 

6.8           Additional
Collateral, etc.. (a) With respect to any personal property or Intellectual Property (other than assets expressly excluded
from the Collateral pursuant to the Security Documents) located in the United States acquired or created after the Closing Date
by any Loan Party (including, without limitation, any acquisition pursuant to a Division) (other than (x) any property subject
to a Lien expressly permitted by Section 7.3(g) and (y) such Instruments, Certificated Securities, Securities and Chattel
Paper referred to in the last sentence of this clause (a)) as to which the Collateral Agent for the benefit of the Secured
Parties does not have a perfected Lien, promptly, but in any case within 30 days (which period may be extended by the Administrative
Agent in its reasonable discretion), (i) give notice of such property to the Collateral Agent and execute and deliver to the Collateral
Agent such amendments to the Guarantee and Collateral Agreement or such other documents as the Collateral Agent reasonably requests
to grant to the Collateral Agent for the benefit of the Secured Parties a security interest in such Property and (ii) take all
actions reasonably requested by the Collateral Agent to grant to the Collateral Agent for the benefit of the Secured Parties a
perfected security interest (to the extent required by the Security Documents and with the priority required by Section 4.17)
in such property (with respect to property of a type owned by a Loan Party as of the Closing Date to the extent the Collateral
Agent for the benefit of the Secured Parties, has a perfected security interest in such property as of the Closing Date), including,
without limitation, the filing of UCC financing statements in such jurisdictions as may be required by the Guarantee and Collateral
Agreement or by law or as may be reasonably requested by the Collateral Agent. Any Instrument, Certificated Security (other than
in respect of the Capital Stock of any Subsidiary), Security or Chattel Paper in excess of $1,000,000 shall be promptly delivered
to the Collateral Agent indorsed in a manner reasonably satisfactory to the Collateral Agent to be held as Collateral pursuant
to the relevant Security Document. 

 

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(b)          With
respect to any fee owned real property located in the United States having a value (together with improvements thereof) of at least
$20,000,000 acquired after the Closing Date by any Loan Party (including, without limitation, any acquisition pursuant to a Division)
(i) within 30 days of such acquisition, give notice of such acquisition to the Collateral Agent and, if requested by the Collateral
Agent, within 90 days after such acquisition or such longer period as the Collateral Agent may agree in its reasonable discretion
(A) execute and deliver a first priority Mortgage (subject to Liens permitted by Section 7.3) in favor of the Collateral
Agent for the benefit of the Secured Parties, covering such real property (provided that no Mortgage, survey or title insurance
shall be required or obtained if the Collateral Agent reasonably determines in consultation with the Borrower that the costs of
obtaining such Mortgage or survey or title insurance are excessive in relation to the value of the security to be afforded thereby),
(B) if a Mortgage is to be provided under subclause (i)(A) above, and if reasonably requested by the Collateral Agent (other
than with respect to clauses (3) below) or a Lender (solely with respect to clause (2)(ii) below) (1) provide the
Collateral Agent with a lenders’ title insurance policy with coverage and all required endorsements reasonably acceptable
to the Collateral Agent (provided such endorsements are available in the applicable jurisdiction at a commercially reasonable cost)
covering such real property and fixtures in an amount at least equal to the purchase price of such real property and fixtures (or
such lesser amount as shall be reasonably requested by the Collateral Agent) as well as a current ALTA survey thereof, together
with a surveyor’s certificate (except to the extent an existing survey has been provided), each in form and substance reasonably
satisfactory to the Collateral Agent, (2) (i) confirm that the Collateral Agent has obtained a completed Flood Hazard Determination
with respect to each Mortgaged Property and (ii) provide to any Lender such flood certificates or other information or documentation
reasonably requested by such Lender to enable such Lender to comply with applicable Flood Laws, and (3) if any Mortgaged Property
is a Special Flood Hazard Property, deliver to the Collateral Agent evidence of Flood Insurance complying with Flood Laws, including
(x) evidence as to whether the community in which such Mortgaged Property is located participates in the National Flood Insurance
Program, (y) the applicable Loan Party’s written acknowledgment of receipt of written notification from the Collateral Agent
as to the fact that such Mortgaged Property is located in a Special Flood Hazard Area and as to whether the community in which
such Mortgaged Property is located participates in the National Flood Insurance Program and (z) if the community in which such
Mortgaged Property is located participates in the National Flood Insurance Program, copies of the applicable Loan Party’s
application for a Flood Insurance policy plus proof of premium payment, a declaration page confirming that Flood Insurance has
been issued, or other evidence of Flood Insurance, such Flood Insurance to be in an amount equal to at least the amount required
by the Flood Laws or such greater amount as required in order to comply with Section 6.5(c), naming the Collateral Agent
as sole loss payee and mortgagee on behalf of the Secured Parties, and otherwise including terms reasonably satisfactory to the
Collateral Agent to the extent necessary to comply with the Flood Laws, all such matters referred to in this clause (3) to be approved
by the Collateral Agent (the requirements set forth in clauses 3 hereof are referred to herein as the “Flood Insurance
Requirements”), and (ii) if requested by the Collateral Agent, deliver to the Collateral Agent legal opinions relating
to the Mortgage described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the
Collateral Agent; provided that notwithstanding the foregoing provisions of this Section 6.8(b), (I) no Mortgages
shall be required with respect to any real property subject to material mortgage recording taxes (as determined by the Borrower
in good faith) and (II) no Mortgage will be executed and delivered until each Revolving Lender has conformed to the Collateral
Agent that the Flood Insurance Requirements have been completed to its satisfaction.

 

(c)          With
respect to (x) any new Domestic Subsidiary (other than an Excluded Domestic Subsidiary) that is created or acquired after the Closing
Date by any Loan Party (including, without limitation, upon the formation of any Subsidiary that is a Division Successor) or (y)
any Unrestricted Subsidiary that becomes a Restricted Subsidiary (other than an Excluded Domestic Subsidiary) after the Closing
Date, promptly, but in any case within 30 days of such creation, acquisition or designation (which period may be extended by the
Administrative Agent in its reasonable discretion), (i) give notice of such acquisition, creation or designation to the Collateral
Agent and, other than in the case of an Excluded Domestic Subsidiary, execute and deliver to the Collateral Agent such amendments
to the Guarantee and Collateral Agreement or such other documents as the Collateral Agent reasonably deems necessary to grant to
the Collateral Agent for the benefit of the Secured Parties a perfected security interest (to the extent required by the Security
Documents and with the priority required by Section 4.17) in the Capital Stock of such new Subsidiary that is owned by such
Loan Party, (ii) deliver to the Collateral Agent the certificates, if any, representing such Capital Stock, together with undated
stock powers, in blank, executed and delivered by a duly authorized officer of such Loan Party, and (iii) if such new Subsidiary
is a wholly owned Domestic Subsidiary (other than an Excluded Domestic Subsidiary), cause such new Subsidiary (A) to become a party
to the Guarantee and Collateral Agreement and (B) to take such actions necessary or advisable to grant to the Collateral Agent
for the benefit of the Secured Parties a perfected security interest (to the extent required by the Security Documents and with
the priority required by Section 4.17) in the Collateral described in the Guarantee and Collateral Agreement with respect
to such new Subsidiary (to the extent the Collateral Agent, for the benefit of the Secured Parties, has a perfected security interest
in the same type of Collateral as of the Closing Date), including, without limitation, the filing of Uniform Commercial Code financing
statements in such jurisdictions as may be required by the Guarantee and Collateral Agreement or by law or as may be reasonably
requested by the Collateral Agent.

 

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(d)          With
respect to any new Foreign Subsidiary or FSHCO directly owned by Holdings, a Borrower or a Domestic Subsidiary that is created
or acquired after the Closing Date by any Loan Party, promptly, but in any case within 30 days of such acquisition (which period
may be extended by the Administrative Agent in its sole discretion), (i) give notice of such acquisition or creation to the Collateral
Agent and, if requested by the Collateral Agent, execute and deliver to the Collateral Agent such amendments to the Guarantee and
Collateral Agreement or such other documents as the Collateral Agent deems necessary or reasonably advisable in order to grant
to the Collateral Agent, for the benefit of the Secured Parties, a perfected security interest (to the extent required by the Security
Documents and with the priority required by Section 4.17) in the Capital Stock of such new Subsidiary that is owned by such
Loan Party (provided that (A) in no event shall more than 65% of the total outstanding voting Capital Stock of (i) any Foreign
Subsidiary and (ii) any FSHCO be required to be so pledged and (B) 100% of non-voting Capital Stock of (i) any Foreign Subsidiary
and (ii) any FSHCO, if any, shall be required to be so pledged) and (ii) to the extent permitted by applicable law, deliver to
the Collateral Agent the certificates, if any, representing such Capital Stock, together with undated stock powers, in blank, executed
and delivered by a duly authorized officer of such Loan Party, and take such other action as may be necessary or, in the reasonable
opinion of the Collateral Agent, necessary to perfect or ensure appropriate priority the Lien of the Collateral Agent thereon.

 

(e)          Notwithstanding
anything to the contrary in any Loan Document, this Section shall not apply with respect to any collateral to the extent the Administrative
Agent has reasonably determined that the value of such collateral to which this Section would otherwise apply is insufficient to
justify the difficulty, time and/or expense of obtaining a perfected Lien therefrom.

 

6.9           Further
Assurances. Maintain the security interest created by the Security Documents as a perfected security interest having at least
the priority described in Section 4.17 (to the extent such security interest can be perfected through the filing of UCC-1
financing statements, the Intellectual Property filings to be made pursuant to Schedule 4 of the Guarantee and Collateral
Agreement or the delivery of Pledged Securities required to be delivered under the Guarantee and Collateral Agreement), subject
to the rights of the Loan Parties under the Loan Documents to dispose of the Collateral. From time to time the Loan Parties shall
execute and deliver, or cause to be executed and delivered, such additional instruments, certificates or documents, and take all
such actions, as the Collateral Agent may reasonably request for the purposes of implementing or effectuating the provisions of
this Agreement and the other Loan Documents, or of renewing the rights of the Secured Parties with respect to the Collateral as
to which the Collateral Agent, for the ratable benefit of the Secured Parties, has a perfected Lien pursuant hereto or thereto,
including, without limitation, filing any financing or continuation statements or financing change statements under the Uniform
Commercial Code (or other similar laws) in effect in any United States jurisdiction with respect to the security interests created
hereby. 

 

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6.10         Use
of Proceeds. Use the proceeds of (a) the Term Loans, together with cash contributed to the Borrower, to (i) first, effect the
Closing Date Refinancing, (ii) second, pay the Closing Date Distribution and (iii) pay fees and expenses in connection with the
Transactions and for working capital and general corporate purposes, and (b) the Revolving Loans and the Letters of Credit for
general corporate (including working capital) purposes of the Borrower and its Restricted Subsidiaries not prohibited by this Agreement;
provided, that Revolving Loans made on the Closing Date in an aggregate principal amount (together with the aggregate face
amount of any Letters of Credit issued on the Closing Date (other than Existing Letters of Credit)) of up to $35,000,000 may also
be used for the purposes described in clause (a) above.

 

6.11         Environmental.
Comply with, and maintain its real property, whether owned, leased, subleased or otherwise operated or occupied, in compliance
with, all applicable Environmental Laws (including by implementing any remedial action necessary to achieve such compliance or
that is required by orders and directives of any Governmental Authority) except for failures to comply that would not, in the aggregate,
have a Material Adverse Effect. Without limiting the foregoing, if the Administrative Agent at any time has a reasonable basis
to believe that there exist violations of Environmental Laws by any Loan Party that could have a Material Adverse Effect, then
such Loan Party shall promptly upon receipt of request from the Administrative Agent, cause the performance, and allow the Administrative
Agent and its Related Parties access to such real property for the purpose of conducting, such environmental audits and assessments,
including subsurface sampling of soil and groundwater to the extent not prohibited by an applicable real property lease, and cause
the preparation of such reports, in each case as the Administrative Agent may from time to time reasonably request. Such audits,
assessments and reports, to the extent not conducted by the Administrative Agent or any of its Related Parties, shall be conducted
and prepared by reputable environmental consulting firms reasonably acceptable to both the Administrative Agent and the Borrower
and shall be in form and substance reasonably acceptable to the Administrative Agent. 

 

6.12         Quarterly
Lenders Conference Call. Participate in quarterly telephonic conference calls with the Administrative Agent and the Lenders
at such time as may be agreed to by the Borrower and the Administrative Agent.  

 

6.13         Conduct
of Business. Except in the case of a Qualified Tax Transaction Subsidiary, engage only in the businesses conducted on the Closing
Date and activities reasonably related, ancillary or incidental thereto or logical extensions thereof.  

 

6.14         Designation
of Unrestricted Subsidiaries. The Borrower may at any time after the Closing Date designate any Restricted Subsidiary to be
an Unrestricted Subsidiary or any Unrestricted Subsidiary as a Restricted Subsidiary so long as (i) immediately after such designation,
(A) no Default or Event of Default shall have occurred and be continuing and (B) after giving effect to such designation, the Borrower’s
Consolidated Total Leverage Ratio shall be less than 4.50:1.00, (ii) no Subsidiary may be designated as an Unrestricted Subsidiary
if, after such designation, it would be a “Restricted Subsidiary” for the purpose of any other Indebtedness of any
Loan Party, (iii) the designation of any Subsidiary as an Unrestricted Subsidiary shall constitute an Investment by the Borrower
therein at the date of designation in an amount equal to the fair market value as determined by the Borrower in good faith of the
Borrower’s or its Subsidiary’s (as applicable) Investment therein, (iv) the designation of any Unrestricted Subsidiary
as a Restricted Subsidiary shall constitute the incurrence at the time of designation of any Indebtedness or Liens of such Subsidiary
existing at such time and (v) the Borrower shall have delivered to the Administrative Agent an officer’s certificate executed
by a Responsible Officer of the Borrower, certifying compliance with the requirements of preceding clauses (i) through (iv). 

 

6.15         Post-Closing
Matters. To the extent not delivered to the Administrative Agent on or prior to the Closing Date, deliver to the Administrative
Agent the documents and complete the tasks set forth on Schedule 6.15, in each case within the time limits specified on
Schedule 6.15. 

 

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Section 7.          NEGATIVE
COVENANTS

 

The Borrower (on behalf
of itself and each of the Restricted Subsidiaries) hereby agrees that, so long as the Commitments remain in effect, any Letter
of Credit remains outstanding (that has not been Cash Collateralized or backstopped) or any Loan or other amount is owing to any
Lender or the Agents hereunder (other than contingent or indemnification obligations not then asserted or due), the Borrower shall
not, and shall not permit any of the Restricted Subsidiaries to, and, with respect to Sections 7.1, 7.10,
7.11, 7.14, 7.15 and 7.16 only, Holdings shall not:

 

7.1          Financial
Covenant.  

 

(a)          Consolidated
Total Leverage Ratio. Solely with respect to the Revolving Facility, permit the Consolidated Total Leverage Ratio calculated
as of the last day of any fiscal quarter of the Borrower (commencing with the fiscal quarter ending March 31, 2019) to exceed 5.50
to 1.00.

 

(b)          Certain
Cure Rights.

 

(i)          Financial
Condition Covenant. Notwithstanding anything to the contrary contained herein, in the event the Borrower fails to comply with
the requirements of the covenant as set forth in Section 7.1(a) (the “Financial Condition Covenant”)
as at the last day of any fiscal quarter (a fiscal quarter ending on such day, a “Curable Period”), after the
Closing Date until the expiration of the 10th Business Day subsequent to the date the financial statements are required to be delivered
pursuant to Sections 6.1(a) or (b), as applicable, with respect to the period ending on the last day of such fiscal
quarter, Holdings or its direct or indirect parent shall have the right (the “Cure Right”) to issue Capital
Stock (other than Disqualified Capital Stock) for cash (the proceeds received by Holdings and contributed in cash as common equity
to the Borrower as a result of such issuance, the “Cure Amount”). Upon the receipt by the Borrower of cash in
an amount equal to the Cure Amount pursuant to the exercise of such Cure Right the Financial Condition Covenant shall be recalculated
giving effect to the following pro forma adjustments:

 

(A)         Consolidated
EBITDA for the Curable Period shall be increased, solely for the purpose of measuring the Financial Condition Covenant for such
fiscal quarter and for applicable subsequent periods which include such fiscal quarter, and disregarded for any other purpose under
this Agreement (including determining the availability of any baskets and step-downs), by an amount equal to the Cure Amount; and

 

(B)         if,
after giving effect to the foregoing recalculations, the Borrower shall then be in compliance with the requirements of the Financial
Condition Covenant, the Borrower shall be deemed to have satisfied the requirements of the Financial Condition Covenant as of the
relevant date of determination with the same effect as though there had been no failure to comply therewith at such date, and the
applicable breach or default of the Financial Condition Covenant which had occurred shall be deemed cured for all purposes of this
Agreement.

 

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(ii)         Limitations
on Exercise of Cure Right, etc. Notwithstanding anything herein to the contrary, (A) in no event shall the Borrower be entitled
to exercise the Cure Right more than twice in any consecutive four-quarter period or more than five times during the term of this
Agreement and (B) the Cure Amount shall be no greater than the amount which, if added to Consolidated EBITDA for the Curable Period,
would cause Borrower to be in compliance with the Financial Condition Covenant for the relevant determination period ending on
the last day of such Curable Period (it being understood and agreed that for purposes of calculating such amount no effect in such
calculation shall be given to any prepayment of Loans with such proceeds or to any other reduction of Consolidated Total Debt or
Consolidated Interest Expense on account of the receipt of such proceeds (for such period or the next three quarterly periods)).
Notwithstanding anything in this Agreement to the contrary, to the extent a fiscal quarter ended for which the Financial Condition
Covenant is initially recalculated as a result of a Cure Right is included in the calculation of the Financial Condition Covenant
in a subsequent fiscal period, the Cure Amount shall be included in the amount of Consolidated EBITDA for such fiscal quarter when
calculating the Financial Condition Covenant for such subsequent fiscal period. Upon the Administrative Agent’s receipt of
an irrevocable notice from the Borrower that it intends to exercise the Cure Right with respect to the Financial Condition Covenant
as of the last day of any fiscal quarter (the “Notice of Intent to Cure”), then, until the 10th Business Day
subsequent to the date the financial statements are required to be delivered pursuant to Sections 6.1(a) or (b),
as applicable, to which such Notice of Intent to Cure relates, neither the Administrative Agent nor any Lender shall exercise the
right to accelerate the Loans or terminate the Revolving Commitments and neither the Administrative Agent nor any Lender shall
exercise any right to foreclose on or take possession of the Collateral solely on the basis of an Event of Default having occurred
and being continuing under Section 7.1(a) in respect of the period ending on the last day of such fiscal quarter.

 

7.2          Indebtedness.
Create, issue, incur, assume, or suffer to exist any Indebtedness, except: 

 

(a)          (i)
the Obligations (including any Incremental Facilities or Refinancing Debt), (ii) any Indebtedness in respect of Hedge Agreements
entered into for a bona fide business purpose or as required hereby and not for speculative purposes, or (iii) the Incremental
Equivalent Debt (and any Refinancing Incremental Equivalent Debt in respect thereof);

 

(b)          Indebtedness
(i) of the Borrower owing to any Subsidiary Guarantor, (ii) of any Subsidiary Guarantor owing to the Borrower or any Subsidiary
Guarantor, (iii) of any Non-Guarantor Subsidiary that is a Domestic Subsidiary owing to any other Non-Guarantor Subsidiary that
is a Domestic Subsidiary, (iv) of any Non-Guarantor Subsidiary that is a Foreign Subsidiary to any other Non-Guarantor Subsidiary
that is a Foreign Subsidiary and (v) of any Non-Guarantor Subsidiary owing to the Borrower or any Subsidiary Guarantor to the extent
such Investments would be permitted under Section 7.7(f)(i);

 

(c)          Indebtedness
consisting of (i) Capital Lease Obligations, (ii) purchase money Indebtedness (including obligations in respect of mortgage financings)
or (iii) other secured Indebtedness of the Borrower or any Restricted Subsidiary in an aggregate principal amount, together with
the aggregate principal amount of Indebtedness incurred pursuant to Section 7.2(q), not to exceed the greater of (x) $50,000,000
at any one time outstanding and (y) 20.0% of Consolidated EBITDA (as determined for the four fiscal quarters most recently ended
of the Borrower and in respect to which financial statements have been delivered pursuant to Sections 6.1(a) or (b))
at any one time outstanding;

 

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(d)          Indebtedness
outstanding on the date hereof and listed on Schedule 7.2(d) and any refinancings, replacements, refundings, renewals or
extensions thereof (without any increase (other than any such increase resulting from accrued interest and the amount of reasonable
fees and expenses incurred, make whole payments and premiums paid in connection with the Indebtedness being refinanced) in the
principal amount thereof);

 

(e)          Guarantee
Obligations (i) incurred by the Borrower or any Restricted Subsidiary in respect of Indebtedness of the Borrower or any Subsidiary
Guarantor, (ii) by any non-Subsidiary Guarantor of obligations of other non-Subsidiary Guarantors, in each case, that is permitted
to be incurred under this Agreement and (iii) by a Loan Party of the obligations of a non-Loan Party; provided, that the
related Investment is permitted under Section 7.7 (other than Section 7.7(c));

 

(f)           Indebtedness
of the Borrower or any Restricted Subsidiary arising from the honoring by a bank or other financial institution of a check, draft
or similar instrument inadvertently drawn by the Borrower or such Restricted Subsidiary in the ordinary course of business against
insufficient funds so long as such Indebtedness is promptly repaid;

 

(g)          additional
unsecured Indebtedness of the Borrower or any Restricted Subsidiary; provided that (i) no Event of Default shall have occurred
and be continuing or would exist immediately after giving effect to the incurrence of such Indebtedness under this clause (g),
(ii) after giving effect to any Indebtedness incurred under this clause (g), the Borrower shall be in compliance with the
Financial Condition Covenant on a pro forma basis and (iii) the proceeds of such Indebtedness shall not be used to make
any Restricted Payment pursuant to Section 7.6; and provided, further, that the amount of Indebtedness that
may be incurred pursuant to this clause (g) by non-Guarantor Subsidiaries, taken together with all other outstanding Indebtedness
of non-Guarantor Subsidiaries incurred pursuant to clause (h) of this Section 7.2 or clause (s) of this Section
7.2, shall not exceed $50,000,000 at any one time outstanding;

 

(h)          (i)
assumed Indebtedness of any Person that becomes a Restricted Subsidiary pursuant to a Permitted Acquisition after the date hereof
(other than as a result of a Division), provided that:

 

(A)         such
Indebtedness exists at the time such Person becomes a Restricted Subsidiary and is not created in contemplation of or in connection
with such Person becoming a Restricted Subsidiary (except to the extent such acquired Indebtedness is refinanced); and

 

(B)         none
of the Borrower nor any Restricted Subsidiary shall be a new obligor for such Indebtedness and no Property of the Borrower or any
Restricted Subsidiary shall provide security for such acquired Indebtedness; and

 

(ii)         any
Indebtedness incurred to refinance, extend, renew, or replace such acquired Indebtedness; provided that the Permitted Refinancing
Requirements are satisfied;

 

and provided, further
that:

 

(A)         no
Default or Event of Default shall have occurred and be continuing or would exist immediately after giving effect to such incurrence
under this clause (h); and

 

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(B)         after
giving effect to any Indebtedness assumed or incurred under this clause (h), the Borrower will be in pro forma compliance
with the Financial Condition Covenant;

 

and provided, further,
that the amount of Indebtedness that may be incurred pursuant to this clause (h) by non-Guarantor Subsidiaries, taken together
with all other outstanding Indebtedness of non-Guarantor Subsidiaries incurred pursuant to clause (g) of this Section
7.2 or clause (s) of this Section 7.2, shall not exceed $50,000,000 at any one time outstanding;

 

(i)          Indebtedness
incurred by the Borrower or any Restricted Subsidiary in the form of customary obligations under indemnification, incentive, non-compete,
consulting, deferred compensation, or other similar arrangements;

 

(j)          Indebtedness
in respect of performance bonds, bid bonds, appeal bonds, surety bonds and completion guarantees and similar obligations not in
connection with money borrowed, in each case provided in the ordinary course of business or consistent with past practice, including
those incurred to secure health, safety and environmental obligations in the ordinary course of business or consistent with past
practice;

 

(k)         Indebtedness
in respect of any bankers’ acceptance, bank guarantees, letter of credit, warehouse receipt or similar facilities entered
into in the ordinary course of business (including in respect of workers compensation claims, health, disability or other employee
benefits or property, casualty or liability insurance or self-insurance or other Indebtedness with respect to reimbursement-type
obligations regarding workers compensation claims);

 

(l)          Indebtedness
in respect of overdraft facilities, employee credit card programs, netting services, automatic clearinghouse arrangements and other
cash management and similar arrangements in the ordinary course of business;

 

(m)        Indebtedness
incurred in the ordinary course of business in respect of obligations of the Borrower or any Restricted Subsidiary to pay the deferred
purchase price of goods or services or progress payments in connection with such goods and services;

 

(n)         Indebtedness
of the Borrower or any Restricted Subsidiary arising from agreements of the Borrower or any Restricted Subsidiary providing for
adjustment of purchase price, the payment of deferred purchase price or similar obligations (including earn-outs in an amount not
to exceed $30,000,000 at any one time outstanding), or contingent indemnification obligations, in each case entered into in connection
with Permitted Acquisitions, other Investments and the Disposition of any Business, assets or Capital Stock permitted hereunder;

 

(o)         Indebtedness
of the Borrower or any Restricted Subsidiary consisting of (i) obligations to pay insurance premiums (or owing to any insurance
company in connection with the financing of any insurance premiums permitted by such insurance company in the ordinary course of
business), (ii) take or pay obligations contained in supply agreements or (iii) information technology licenses, in each case arising
in the ordinary course of business;

 

(p)         Indebtedness
representing deferred compensation to employees of the Borrower and the Restricted Subsidiaries incurred in the ordinary course
of business;

 

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(q)         Indebtedness
incurred in connection with any Permitted Sale Leaseback Transaction in an aggregate principal amount, together with the aggregate
principal amount of Indebtedness incurred pursuant to Section 7.2(c), not to exceed the greater of (x) $50,000,000 at any
one time outstanding and (y) 20.0% of Consolidated EBITDA (as determined for the four fiscal quarters most recently ended of the
Borrower and in respect to which financial statements have been delivered pursuant to Sections 6.1(a) or (b)) at
any one time outstanding;

 

(r)          so
long as no Event of Default has occurred and is continuing immediately after giving effect to such incurrence, Indebtedness of
the Borrower or any Restricted Subsidiary in an aggregate principal amount not to exceed 100% of the amount of cash that is contributed
to the common equity of Holdings after the Closing Date (other than (i) by the Borrower or any Restricted Subsidiary, (ii) in respect
of the Cure Amount, (iii) to the extent utilized to build the Available Amount or the Contribution Amount, or (iv) to the extent
applied to make a Disposition pursuant to Section 7.5(t), a Restricted Payment pursuant to Section 7.6(k), an Investment
pursuant to Section 7.7(cc) or (dd), or a payment or distribution on Junior Indebtedness pursuant to Section 7.8(a)(iii)
or (iv)); provided that (A) the cash so contributed to Holdings is promptly further contributed in cash to the common
equity of the Borrower or any other Loan Party, (B) such Indebtedness is incurred within 210 days after such cash contribution
to Holdings is made and (C) such Indebtedness is designated as “Contribution Indebtedness” in a certificate from a
Responsible Officer of the Borrower on the date incurred;

 

(s)          additional
Indebtedness of the Borrower or any Restricted Subsidiary in an aggregate principal amount not to exceed the greater of (x) $50,000,000
at any one time outstanding and (y) 20.0% of Consolidated EBITDA (as determined for the four fiscal quarters most recently ended
of the Borrower and in respect to which financial statements have been delivered pursuant to Sections 6.1(a) or (b))
at any one time outstanding; provided that the amount of Indebtedness that may be incurred pursuant to this clause (s)
by non-Guarantor Subsidiaries, taken together with all other outstanding Indebtedness of non-Guarantor Subsidiaries incurred pursuant
to clause (g) of this Section 7.2 or clause (h) of this Section 7.2, shall not exceed $50,000,000 at
any one time outstanding; and

 

(t)          Subordinated
Sponsor Indebtedness.

 

For purposes of determining
compliance with this Section 7.2, (A) Indebtedness need not be permitted solely by reference to one category of permitted
Indebtedness described in Section 7.2(a) through (s) but may be permitted in part under any combination thereof
and (B) in the event that an item of Indebtedness (or any portion thereof) meets the criteria of one or more of the categories
of permitted Indebtedness described in Sections 7.2(a) through (s), the Borrower shall, in its sole discretion, classify
or reclassify, or later divide, classify or reclassify, such item of Indebtedness (or any portion thereof) in any manner that complies
with this Section 7.2 and will only be required to include the amount and type of such item of Indebtedness (or any portion
thereof) in one of the above clauses and such item of Indebtedness shall be treated as having been incurred or existing pursuant
to only one of such clauses. Notwithstanding the foregoing, any Indebtedness incurred under this Agreement (including on the Closing
Date) will, at all times, be classified as being incurred under Section 7.2(a)(i) and may not be re-classified.

 

7.3           Liens.
Create, incur, assume or suffer to exist any Lien upon any of its Property, whether now owned or hereafter acquired, except for:
 

 

(a)          Liens
for taxes, assessments or governmental charges or claims not yet due or which are being contested in good faith by appropriate
proceedings; provided that adequate reserves with respect thereto are maintained on the books of the Borrower or the Restricted
Subsidiaries, as the case may be, to the extent required by GAAP;

 

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(b)         landlords’,
carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising in
the ordinary course of business which are not overdue for a period of more than 90 days or that are being contested in good faith
by appropriate proceedings;

 

(c)         Liens
arising out of pledges, deposits or statutory trusts in connection with workers’ compensation, unemployment insurance, temporary
disability, social security legislation or regulations and deposits securing liability insurance carriers under insurance or self-insurance
arrangements or to secure any Indebtedness permitted pursuant to Section 7.2(k);

 

(d)         deposits
and other Liens to secure the performance of bids, tenders, trade contracts (other than for borrowed money), leases, subleases,
statutory obligations, surety and appeal bonds, performance bonds, government contracts, trade contracts, or other Indebtedness
permitted pursuant to Section 7.2(j), and other obligations of a like nature incurred in the ordinary course of business;

 

(e)         easements,
zoning restrictions, minor defects or irregularities in title, rights-of-way, licenses, covenants, restrictions and other similar
Laws, regulations, bylaw or rights reserved to or vested in any Governmental Authority to control or regulate the use of any real
property, or encumbrances incurred in the ordinary course of business that, in the aggregate, do not materially detract from the
value of the Property subject thereto or materially interfere with the ordinary conduct of the business of the Borrower and the
Restricted Subsidiaries, taken as a whole;

 

(f)          Liens
(i) in existence on the date hereof listed on Schedule 7.3(f), (ii) securing Indebtedness permitted by Section 7.2(d),
or (iii) created after the date hereof in connection with any refinancing, refundings, or renewals or extensions thereof permitted
by Section 7.2(d); provided that no such Lien is spread to cover any additional Property of the Borrower or any Restricted
Subsidiary after the Closing Date;

 

(g)         Liens
securing Indebtedness of the Borrower or any Restricted Subsidiary incurred pursuant to Section 7.2(c) or (q); provided
that (i) such Liens shall be created within 90 days after the acquisition of the assets financed by such Indebtedness, (ii) such
Liens do not at any time encumber any Property of the Borrower or any Restricted Subsidiary other than the Property financed by
such Indebtedness and the proceeds thereof and (iii) the principal amount of Indebtedness secured thereby is not increased;

 

(h)         Liens
created pursuant to the Loan Documents;

 

(i)          any
interest or title of a licensor, sublicensor, lessor or sublessor under any license or lease entered into by the Borrower or any
Restricted Subsidiary in the ordinary course of its business and covering only the assets so leased, and any financing statement
filed in connection with any such lease;

 

(j)          Liens
arising from judgments or decrees in circumstances not constituting an Event of Default under Section 8.1(h);

 

(k)         Liens
on property or assets acquired pursuant to a Permitted Acquisition permitted under Section 7.7(e) (and the proceeds thereof)
or assets of a Restricted Subsidiary in existence at the time such Restricted Subsidiary is acquired pursuant to a Permitted Acquisition
permitted under Section 7.7(e) and not created in contemplation thereof, and Liens securing Indebtedness permitted pursuant
to Section 7.2(n);

 

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(l)          Liens
on Property of Non-Guarantor Subsidiaries securing Indebtedness or other obligations not prohibited by this Agreement to be incurred
by such Non-Guarantor Subsidiaries;

 

(m)        receipt
of progress payments and advances from customers in the ordinary course of business to the extent same creates a Lien on the related
inventory and proceeds thereof;

 

(n)         Liens
arising out of conditional sale, installment sale, title retention, consignment or similar arrangements for the sale or purchase
by the Borrower and the Restricted Subsidiaries of goods through third parties in the ordinary course of business and Liens securing
Indebtedness permitted pursuant to Section 7.2(m) and (o)(ii);

 

(o)         Liens
deemed to exist in connection with Investments permitted by Section 7.7(b) that constitute repurchase obligations;

 

(p)         any
interest or title of a lessor under any leases or subleases entered into by the Borrower or any Restricted Subsidiary in the ordinary
course of business;

 

(q)         licenses
of Intellectual Property granted by the Borrower or any Restricted Subsidiary in the ordinary course of business that do not constitute
a disposition of all substantial rights in such Intellectual Property;

 

(r)          rights
of setoff or bankers’ liens of banks or other financial institutions where the Borrower or any Restricted Subsidiary maintains
deposits in the ordinary course of business and any other Liens securing Indebtedness permitted pursuant to Section 7.2(l);

 

(s)         ground
leases in respect of real property on which facilities owned or leased by the Borrower or any Restricted Subsidiary are located;

 

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

 

(u)         Liens
that are contractual rights of set-off (i) relating to the establishment of depository relations with banks not given in connection
with the issuance of Indebtedness, (ii) relating to pooled deposit or sweep accounts of Holdings, the Borrower or any of its Restricted
Subsidiaries to permit satisfaction of overdraft or similar obligations incurred in the ordinary course of business of Holdings,
the Borrower or its Restricted Subsidiaries or (iii) relating to purchase orders and other agreements entered into with customers
of the Borrower or any Restricted Subsidiary in the ordinary course of business;

 

(v)         Liens
securing Indebtedness of any Non-Guarantor Subsidiary incurred pursuant to Section 7.2(q); provided that such Liens
do not at any time encumber Property of any Loan Party (other than any Capital Stock of any Non-Guarantor Subsidiary);

 

(w)        purported
Liens evidenced by the filing of precautionary financing statements filed under any operating leases of personal property, consignments
and similar arrangements entered into in the ordinary course of business;

 

(x)          Liens
of a collection bank arising under Section 4-210 of the UCC on items in the course of collection;

 

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(y)          Liens
on specific items of inventory or other goods arising under Article 2 of the UCC in the ordinary course of business securing such
Person’s obligations in respect of bankers’ acceptances and letters of credit issued or created for the account of
such Person to facilitate the purchase, shipment or storage of such inventory or other goods, in any case, covering only goods
actually sold;

 

(z)          Liens
on insurance policies and the proceeds thereof securing the financing of premiums with respect thereto to the extent permitted
hereunder;

 

(aa)       Liens
securing Indebtedness of the Borrower or any Restricted Subsidiary incurred pursuant to Section 7.2(r); provided
that if any such Indebtedness is secured by any Property constituting Collateral, the Lien on such Property shall rank junior to
the Liens on the Collateral securing the Obligations and shall be subject to customary intercreditor arrangements on terms reasonably
acceptable to the Administrative Agent;

 

(bb)      Liens
on Property constituting Collateral pursuant to agreements and documentation in connection with any Incremental Equivalent Debt
(or any Refinancing Incremental Equivalent Debt in respect thereof); and

 

(cc)       other
Liens with respect to obligations that do not exceed in the aggregate the greater of (x) $50,000,000 at any one time outstanding
and (y) 20.0% of Consolidated EBITDA (as determined for the four fiscal quarters most recently ended of the Borrower and in respect
to which financial statements have been delivered pursuant to Sections 6.1(a) or (b)) at any one time outstanding.

 

Notwithstanding any provision
of this Section 7.3 to the contrary, the Borrower shall not, and shall not permit any Restricted Subsidiary to, create,
incur, assume or suffer to exist any Lien securing Indebtedness other than the Obligations (or, if and so long as the Obligations
are equally and ratably secured by a Lien on such property, any Incremental Equivalent Debt or Refinancing Incremental Equivalent
Debt otherwise permitted hereunder and secured by the Collateral on a pari passu basis with the Obligations) upon any owned real
property at an airport or ground lease or operating lease as to which it is lessee and any airport or Governmental Authority is
lessor, whether now owned or hereafter acquired.

 

For purposes of determining
compliance with this Section 7.3, (A) Liens need not be permitted solely by reference to one category of permitted Liens
described in Section 7.3(a) through (cc) but may be permitted in part under any combination thereof and (B) in the
event that an Lien (or any portion thereof) meets the criteria of one or more of the categories of permitted Liens described in
Sections 7.3(a) through (cc), the Borrower shall, in its sole discretion, classify or reclassify, or later divide,
classify or reclassify, such Lien (or any portion thereof) in any manner that complies with this Section 7.3 and will only
be required to include the amount and type of the applicable obligations with respect to such Lien (or any portion thereof) in
one of the above clauses and such obligations shall be treated as having been incurred or existing pursuant to only one of such
clauses. Notwithstanding the foregoing, any Liens securing the Obligations incurred under this Agreement (including on the Closing
Date) will, at all times, be classified as being incurred under Section 7.3(h) and may not be re-classified.

 

7.4           Fundamental
Changes. Consummate any merger, consolidation or amalgamation, or liquidate, wind up or dissolve itself (or suffer any liquidation
or dissolution), consummate any Division as the Dividing Person, or Dispose of all or substantially all of its Property or business,
except that: 

 

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(a)          (i)
any Restricted Subsidiary may be merged, amalgamated, liquidated or consolidated with or into the Borrower (provided that
the Borrower shall be the continuing or surviving corporation) or (ii) any Restricted Subsidiary may be merged, amalgamated, liquidated
or consolidated with or into any Restricted Subsidiary (provided that if one of the parties to such merger, amalgamation
or consolidation is a Subsidiary Guarantor, either (A) such Subsidiary Guarantor shall be the continuing or surviving corporation
or (B) simultaneously with such transaction, the continuing or surviving corporation shall become a Subsidiary Guarantor and the
Borrower shall comply with Section 6.8 in connection therewith);

 

(b)          any
Non-Guarantor Subsidiary that is a Foreign Subsidiary may be merged or consolidated with or into, or be liquidated into, any other
Non-Guarantor Subsidiary, and any Non-Guarantor Subsidiary that is a Domestic Subsidiary may be merged or consolidated with or
into, or be liquidated into, any other Non-Guarantor Subsidiary that is a Domestic Subsidiary;

 

(c)          any
Non-Guarantor Subsidiary that is a Foreign Subsidiary may Dispose of all or substantially all of its assets (upon voluntary liquidation,
dissolution, winding-up or otherwise) to any other Non-Guarantor Subsidiary, and any Non-Guarantor Subsidiary that is a Domestic
Subsidiary may Dispose of all or substantially all of its assets (upon voluntary liquidation dissolution, winding-up or otherwise)
to any other Non-Guarantor Subsidiary that is a Domestic Subsidiary;

 

(d)          any
Restricted Subsidiary may liquidate or dissolve if (i) the Borrower determines in good faith that such liquidation or dissolution
is in the best interests of the Borrower and is not materially disadvantageous to the Lenders and (ii) to the extent such Restricted
Subsidiary is a Loan Party, any assets or business not otherwise disposed of or transferred in accordance with Section 7.5
or, in the case of any such business, discontinued, shall be transferred to, or otherwise owned or conducted by, a Loan Party after
giving effect to such liquidation or dissolution;

 

(e)          Permitted
Acquisitions permitted by Section 7.7(e) may be consummated;

 

(f)          the
Borrower or any Restricted Subsidiary may consummate any merger or consolidation to effect a change in the state or form of organization
thereof, so long as the effect of such merger, consolidation or change is not adverse to the Lenders;

 

(g)          any
Restricted Subsidiary that is an LLC may consummate a Division as the Dividing Person if, immediately upon the consummation of
the Division, the assets of the applicable Dividing Person are held by one or more wholly-owned Restricted Subsidiaries that are
at such time required to become Guarantors pursuant to Section 6.8(c) and grant a perfected security interest in their respective
assets constituting Collateral to the Administrative Agent pursuant to Section 6.8(a) and (b) (and which shall comply
with such Sections), or, with respect to assets not so held by one or more such Restricted Subsidiaries, such Division, in the
aggregate, would otherwise result in a Disposition permitted by Section 7.5(t);

 

provided that,
notwithstanding anything to the contrary in this Agreement, any Subsidiary which is a Division Successor resulting from a Division
of assets of a Subsidiary that is not an Immaterial Subsidiary immediately before giving effect to such Division may not be deemed
to be an Immaterial Subsidiary at the time of or in connection with the applicable Division.

 

7.5           Dispositions
of Property. Dispose of any of its owned Property (including, without limitation, receivables) whether now owned or hereafter
acquired, or, in the case of any Restricted Subsidiary, issue or sell any shares of such Restricted Subsidiary’s Capital
Stock to any Person, except: 

 

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(a)          the
Disposition of damaged, surplus, obsolete or worn out property, vehicles and other assets, whether now owned or hereafter acquired,
in the ordinary course of business, and property, vehicles and other assets no longer used or useful in the ordinary course of
business;

 

(b)          (i)
the sale of inventory, goods and/or services in the ordinary course of business, (ii) the cross-licensing or licensing of Intellectual
Property, in the ordinary course of business that does not constitute a disposition of all substantial rights in such Intellectual
Property and (iii) the contemporaneous exchange of Property (other than Capital Stock) for a combination of Property of a like
kind (other than as set forth in clause (ii)) and Net Cash Proceeds, to the extent that such Property and Net Cash Proceeds received
in such exchange is of a combined value substantially equivalent to the value of the Property exchanged, as determined in good
faith by the Borrower (provided that any Net Cash Proceeds received in connection with such exchange are applied in the
manner set forth under Section 2.12(b); and, provided, further, that after giving effect to such exchange, the value
of the Property of the Borrower or any Subsidiary Guarantor subject to a perfected first priority Lien in favor of the Collateral
Agent under the Security Documents is not reduced in any material respect other than as related to the Net Cash Proceeds applied
in the manner set forth under Section 2.12(b));

 

(c)          Dispositions
permitted by Section 7.4;

 

(d)          (i)
the sale or issuance of any Restricted Subsidiary’s Capital Stock to the Borrower or any Subsidiary Guarantor or the Borrower’s
Capital Stock to Holdings or (ii) the sale or issuance of any Unrestricted Subsidiary’s Capital Stock or Indebtedness;

 

(e)          the
Disposition of (i) Property acquired pursuant to a Permitted Acquisition that is not used in or otherwise related to the Business
for fair market value and (ii) other assets for fair market value; provided that (A) no Default or Event of Default shall
be in effect at the time of such Disposition, (B) the Borrower shall be in pro forma compliance with the Financial Condition Covenant,
(C) at least 75% of the consideration received in respect of such Disposition shall be cash or Cash Equivalents (provided
that for purposes of the 75% consideration requirement (w) the expected amount of any earn outs or royalties to be paid to Borrower
or any of its Restricted Subsidiaries (as determined by Borrower in good faith), (x) the amount of any Indebtedness or other
liabilities (other than Indebtedness or other liabilities that are subordinated to the Obligations or that are owed to Borrower
or a Restricted Subsidiary) of Borrower or any Restricted Subsidiary (as shown on such person’s most recent balance sheet
or in the notes thereto) that are assumed by the transferee of any such assets and for which Borrower and its Restricted Subsidiaries
shall have been validly released by all relevant creditors in writing, (y) any Capital Stock received by Borrower or any Restricted
Subsidiary from such transferee that are converted by such person into Cash Equivalents (to the extent of the Investments received)
within 180 days following the closing of the applicable sale or disposition and (z) any Designated Non-Cash Consideration
received in respect of such sale or disposition having an aggregate fair market value, taken together with all other Designated
Non-Cash Consideration received pursuant to this clause (z) that when received does not exceed in the aggregate
$35,000,000, in each case, shall be deemed to be Cash Equivalents) and (D) the requirements of Section 2.12(b), to the extent
applicable, are complied with in connection therewith;

 

(f)          any
Recovery Event; provided that the requirements of Section 2.12(b) are complied with in connection therewith;

 

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(g)         the
leasing, occupancy agreements or sub-leasing of Property that would not materially interfere with the required use of such Property
by the Borrower or the Restricted Subsidiaries;

 

(h)         transfers
of condemned Property as a result of the exercise of “eminent domain” or other similar policies to the respective Governmental
Authority or agency that has condemned the same (whether by deed in lieu of condemnation or otherwise), and transfers of properties
that have been subject to a casualty to the respective insurer of such Property as part of an insurance settlement;

 

(i)          the
transfer of Property (i) by the Borrower or any Subsidiary Guarantor to the Borrower or any other Subsidiary Guarantor or (ii)
from a Non-Guarantor Subsidiary to (A) the Borrower or any Subsidiary Guarantor for no more than fair market value or (B) any other
Non-Guarantor Subsidiary;

 

(j)          Liens
permitted by Section 7.3;

 

(k)         Restricted
Payments permitted by Section 7.6;

 

(l)          Investments
permitted by Section 7.7;

 

(m)        the
Disposition of (i) Cash Equivalents and (ii) other current assets that were Cash Equivalents when the original Investment in such
assets was made and which thereafter fail to satisfy the definition of Cash Equivalents, in the case of each of clauses (i)
and (ii), in the ordinary course of business;

 

(n)         Dispositions
of accounts receivable in connection with the collection or compromise thereof in the ordinary course of business or in any situation
of a work-out or financial distress, in each case, of the Person owing such accounts receivable;

 

(o)         the
termination or unwinding of any Hedge Agreement permitted hereunder;

 

(p)         any
Restricted Subsidiary that is a Foreign Subsidiary may issue Capital Stock to qualified directors where required by applicable
law or to satisfy other requirements of applicable law with respect to ownership of Capital Stock in Foreign Subsidiaries;

 

(q)         Dispositions
of property pursuant to Permitted Sale Leaseback Transactions;

 

(r)          Dispositions
of Property that do not constitute Asset Sales;

 

(s)          the
lapse, abandonment, cancellation or other disposition of Intellectual Property that is not material or is no longer used or useful
in any material respect in the operation of the Loan Parties, in each case, as determined in good faith by the Borrower; and

 

(t)          so
long as no Event of Default has occurred and is continuing immediately after giving effect to such Disposition, Dispositions of
Investments made with the Contribution Amount;

 

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provided, however,
that any Disposition of any but not all of the Capital Stock in a Restricted Subsidiary of the Borrower that is a Loan Party made
in reliance on clauses (e), (l), (r) or (t) of this Section 7.5 shall only be permitted if and
to the extent that, after giving effect to the consummation of such Disposition, either (x) the Borrower and the Subsidiary Guarantors
collectively have not less than 80% of Domestic Consolidated Total Assets and not less than 80% of Domestic Consolidated EBITDA
(as defined below) for the period of four consecutive fiscal quarters ending on or prior to the date such Disposition is to be
consummated or (y) the percentage of Domestic Consolidated Total Assets and Domestic Consolidated EBITDA represented by the Borrower
and the Subsidiary Guarantors shall not be less than such percentages immediately prior to giving effect to such Disposition. For
purposes of this paragraph, (A) “Domestic Consolidated Total Assets” means, at any date, all amounts that would,
in conformity with GAAP, be set forth opposite the caption “total assets” (or any like caption) on a consolidated balance
sheet of the Borrower and its Restricted Subsidiaries (but excluding any Restricted Subsidiaries that are not incorporated in the
United States or any State thereof or the District of Columbia) and (B) “Domestic Consolidated EBITDA” means
Consolidated EBITDA (and its component definitions) recalculated, for the applicable period, excluding any Restricted Subsidiaries
that are not incorporated in the United States or any State thereof or the District of Columbia.

 

7.6           Restricted
Payments. Declare or pay any dividend on, or make any payment on account of, or set apart assets for a sinking or other analogous
fund for, the purchase, redemption, defeasance, retirement or other Acquisition of, any Capital Stock of Holdings, the Borrower
or any Restricted Subsidiary, whether now or hereafter outstanding, or make any other distribution in respect thereof, either directly
or indirectly, whether in cash or Property or in obligations of Holdings, the Borrower or any Restricted Subsidiary or make any
payment in respect of Subordinated Sponsor Indebtedness (collectively, “Restricted Payments”), except that: 

 

(a)          any
Restricted Subsidiary may make Restricted Payments to the Borrower or any Subsidiary Guarantor or the equity holders of such Restricted
Subsidiary; provided that such Restricted Payments shall be made ratably based on the relevant ownership percentages of
the Capital Stock;

 

(b)          (i)
Non-Guarantor Subsidiaries of the Borrower that are Domestic Subsidiaries may make Restricted Payments to other Non-Guarantor Subsidiaries
that are Domestic Subsidiaries and (ii) Non-Guarantor Subsidiaries of the Borrower that are Foreign Subsidiaries may make Restricted
Payments to other Non-Guarantor Subsidiaries;

 

(c)          the
Borrower may make Restricted Payments to Holdings to permit Holdings to pay (i) ordinary course corporate operating and overhead
expenses, customary fees and customary corporate indemnities owing to directors of Holdings, the Borrower or any of its Restricted
Subsidiaries or their respective Affiliates in the ordinary course of business, or for accounting, consulting, legal, corporate
reporting and similar administrative functions and to pay other reasonable and customary fees and expenses necessary to maintain
its corporate existence, in an aggregate amount not to exceed $5,000,000 for any fiscal year for all such fees, costs indemnities
and expenses set forth herein, and (ii) fees and expenses to the extent permitted under clause (i) of the second sentence
of Section 7.9;

 

(d)          so
long as no Event of Default shall have occurred and be continuing immediately after giving effect to such Restricted Payments,
each of the Borrower and Holdings, as applicable, may make Restricted Payments to Holdings to permit Holdings to make Restricted
Payments to its direct or indirect parent, to permit such parent to purchase its Capital Stock from present or former officers,
consultants, directors or employees (and their spouses, former spouses, heirs, estates and assigns) of Holdings, the Borrower or
any Restricted Subsidiary upon the death, disability, engaging in competitive activity or termination of employment of such officer,
director, consultant or employee or pursuant to any equity subscription, shareholder, employment or other agreement; provided
that the aggregate amount of Restricted Payments under this clause (d) shall not exceed the sum of (A) $10,000,000 and (B) the
proceeds of any key-man life insurance with respect to any such employee paid to the Borrower or any Restricted Subsidiary;

 

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(e)          the
Borrower may make Restricted Payments to Holdings to enable Holdings to pay cash in lieu of fractional shares in connection with
any dividend, split or combination thereof or any Permitted Acquisition, in each case, otherwise permitted hereunder;

 

(f)          additional
Restricted Payments so long as (i) no Default or Event of Default shall have occurred and be continuing immediately after giving
effect to such Restricted Payments and (ii) immediately after giving pro forma effect to any such Restricted Payment, the
Borrower’s Consolidated Total Leverage Ratio shall be less than 4.50:1.00;

 

(g)          additional
Restricted Payments per fiscal year of up to the greater of (x) $50,000,000 and (y) 20% of Consolidated EBITDA (as determined for
the four fiscal quarters most recently ended of the Borrower and in respect to which financial statements have been delivered pursuant
to Sections 6.1(a) or (b)) (without any carry forward of unused amounts to subsequent fiscal years) so long as no Default or Event
of Default shall have occurred and be continuing immediately after giving effect to such Restricted Payments;

 

(h)          the
Borrower and the Restricted Subsidiaries may make Restricted Payments to Holdings (and Holdings may make Restricted Payments with
such amounts received from the Borrower and the Restricted Subsidiaries to its Parent Holding Companies or the Sponsor) in respect
of Taxes equal to the lesser of (i) the amount of Taxes that the Borrower and its Subsidiaries would have been required to pay
if the Borrower and its Subsidiaries had been required to pay such Taxes directly as standalone taxpayers (or a standalone group);
provided however, for purposes of this clause (i), that any portion of such Restricted Payments that are made on account
of Taxes attributable to an Unrestricted Subsidiary shall be limited to the amount actually paid with respect to such period by
such Unrestricted Subsidiary to the Borrower or its Restricted Subsidiaries for the purposes of paying such Taxes and (ii) any
payments due and owing by the Borrower and its Subsidiaries under the Tax Sharing Agreement;

 

(i)          the
Borrower and its Restricted Subsidiaries may declare and make dividend payments or other distributions payable solely in the common
Capital Stock of such Person; provided, that any such dividend payment or other distribution shall be made to the equity
holders of such Person ratably based on the relevant ownership percentages of such Person’s Capital Stock;

 

(j)          the
Borrower may make the Closing Date Distribution from the net proceeds of the Loans funded on the Closing Date;

 

(k)          so
long as no Event of Default has occurred and is continuing immediately after giving effect to such Restricted Payment, the Borrower
and Holdings may make Restricted Payments with the Contribution Amount that is then available and not otherwise applied; and

 

(l)          after
a IPO, the declaration and payment of dividends on the Borrower’s common stock (and the Borrower and its Restricted Subsidiaries
may pay dividends to Holdings or any of its parents to permit Holdings or such parent to pay such dividends), of up to the greater
of (x) 6.00% per annum of the Net Cash Proceeds received by or contributed to the Borrower or a Restricted Subsidiary in or from
any such IPO and (y) an amount per annum not to exceed 6.00% of Market Capitalization, so long as, in each case, no Default or
Event of Default has occurred and is continuing immediately after giving effect to such Restricted Payment.

 

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In the case of any Restricted Payment pursuant
to clause (f), (g), (k) or (l) above, the payment of any such Restricted Payment within 60 days after
the date of declaration thereof shall be permitted (whether or not then meeting the requirements of such clause) if, at the date
of declaration of such payment, such payment would have complied with the requirements of such clause.

 

7.7           Investments.
Make any advance, loan, extension of credit (by way of guaranty or otherwise) or capital contribution to, or purchase or acquire
(including pursuant to any merger with, or as a Division Successor pursuant to the Division of, any Person that was not a wholly
owned Restricted Subsidiary prior to such merger or Division) any Capital Stock, bonds, notes, debentures or other debt securities
of, or all or substantially all of the assets constituting an ongoing business from, or make any other investment in, any other
Person (all of the foregoing, “Investments”), except:  

(a)          extensions
of trade credit in the ordinary course of business;

 

(b)          Investments
in cash and Cash Equivalents (or were Cash Equivalents when made);

 

(c)          Investments
resulting from the incurrence of Indebtedness permitted by Sections 7.2(b) and (e);

 

(d)          Investments
(other than those relating to the incurrence of Indebtedness permitted by Section 7.7(c)) by the Borrower or any Restricted
Subsidiaries in the Borrower or any Person that, prior to such Investment, is (or, at the time of such Investment, becomes) a Subsidiary
Guarantor;

 

(e)          Permitted
Acquisitions consummated after the Closing Date; provided that the aggregate amount of such Investments by Loan Parties
in assets that are not (or do not become) owned by a Loan Party or in Capital Stock in Persons that do not become Loan Parties
upon consummation of such acquisition, together with the aggregate principal amount of Investments incurred pursuant to Section
7.7(f), shall not exceed the greater of (x) $40,000,000 and (y) 15% of Consolidated EBITDA (as determined for the four fiscal
quarters most recently ended of the Borrower and in respect to which financial statements have been delivered pursuant to Sections
6.1(a) or (b)) in the aggregate;

 

(f)          (i)
Investments by the Borrower or any Subsidiary Guarantor in an Unrestricted Subsidiary or Non-Guarantor Subsidiary; provided
that the aggregate amount of all such Investments made after the Closing Date, together with the aggregate principal amount of
Investments incurred pursuant to Section 7.7(e) shall not exceed the greater of (x) $40,000,000 and (y) 15% of Consolidated
EBITDA (as determined for the four fiscal quarters most recently ended of the Borrower and in respect to which financial statements
have been delivered pursuant to Sections 6.1(a) or (b)) in the aggregate and (ii) Investments (A) by any Non-Guarantor
Subsidiary that is a Domestic Subsidiary in any other Non-Guarantor Subsidiary that is a Domestic Subsidiary and (B) by any Non-Guarantor
Subsidiary that is a Foreign Subsidiary in any other Non-Guarantor Subsidiary;

 

(g)          Permitted
Acquisitions consummated after the Closing Date or Investments by the Borrower or any Subsidiary Guarantor in joint ventures, Unrestricted
Subsidiaries or Non-Guarantor Subsidiaries, in each case so long as (i) no Default or Event of Default shall have occurred and
be continuing immediately after giving effect to such Investment and (ii) immediately after giving pro forma effect
to any such Investment, the Borrower’s Consolidated Total Leverage Ratio shall be less than 4.50:1.00;

 

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(h)         loans
or advances to officers, directors, consultants and employees made in the ordinary course of business in an aggregate amount not
to exceed $5,000,000 outstanding at any one time;

 

(i)          Investments
in existence on the Closing Date and listed on Schedule 7.7(i);

 

(j)          Investments
of the Borrower or any Restricted Subsidiary under Hedge Agreements permitted hereunder and Investments arising as a result of
Permitted Sale Leaseback Transactions or Capital Expenditures;

 

(k)         Investments
of any Person in existence at the time such Person becomes a Restricted Subsidiary; provided that such Investment was not
made in connection with or anticipation of such Person becoming a Restricted Subsidiary;

 

(l)          Subsidiaries
of the Borrower may be established or created, if (i) to the extent such new Subsidiary is a Domestic Subsidiary, the Borrower
and such Subsidiary comply with the provisions of Section 6.8(c) and (ii) to the extent such new Subsidiary is a Foreign
Subsidiary, the Borrower complies with the provisions of Section 6.8(d); provided that, in each case, to the extent
such new Subsidiary is created solely for the purpose of consummating a merger transaction pursuant to an Acquisition permitted
by Section 7.7(e), and such new Subsidiary at no time holds any assets or liabilities other than any merger consideration
contributed to it contemporaneously with the closing of such merger transactions, such new Subsidiary shall not be required to
take the actions set forth in Sections 6.8(c) or 6.8(d), as applicable, until the respective Acquisition is consummated
(at which time the surviving entity of the respective merger transaction shall be required to so comply within ten Business Days);

 

(m)        Investments
resulting from pledges and deposits referred to in Sections 7.3(c) and (d);

 

(n)         the
forgiveness or conversion to Qualified Capital Stock of any Indebtedness permitted by Section 7.2(b);

 

(o)         Guarantee
Obligations permitted by Section 7.2 and any payments made in respect of such Guarantees Obligations;

 

(p)          Investments
by the Borrower and the Restricted Subsidiaries in joint ventures or similar arrangements in an aggregate amount (for the Borrower
and all Restricted Subsidiaries) not to exceed the greater of (x) $40,000,000 and (y) 15% of Consolidated EBITDA (as determined
for the four fiscal quarters most recently ended of the Borrower and in respect to which financial statements have been delivered
pursuant to Sections 6.1(a) or (b)); provided that no Default or Event of Default is continuing or would result
therefrom;

 

(q)         Investments
constituting non-cash proceeds of Dispositions of assets to the extent permitted by Section 7.5;

 

(r)          Restricted
Payments permitted under Section 7.6 to the extent constituting Investments;

 

(s)         Investments
received in satisfaction or partial satisfaction of accounts receivable or notes receivable from financially troubled account debtors
and other credits to suppliers in the ordinary course of business;

 

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(t)          Investments
in the ordinary course of business consisting of endorsements for collection or deposit and customary trade arrangements with customers
consistent with past practices;

 

(u)         advances
of payroll payments to officers, directors, consultants or employees in the ordinary course of business;

 

(v)         Guarantee
Obligations of the Borrower or any Restricted Subsidiary of leases (other than capital leases) or of other obligations that do
not constitute Indebtedness, in each case entered into in the ordinary course of business;

 

(w)         Investments
received in connection with the bankruptcy or reorganization of suppliers or customers and in settlement of delinquent obligations
of, and other disputes with, customers arising in the ordinary course of business or upon foreclosure with respect to any secured
Investment or other transfer of title with respect to any secured Investment;

 

(x)          loans
and advances to any direct or indirect parent of the Borrower in lieu of, and not in excess of the amount of, dividends permitted
to be made to such parent in accordance with Section 7.6;

 

(y)         Investments
made in connection with the funding of contributions under any non-qualified retirement plan or similar employee compensation plan
in an amount not to exceed the amount of compensation expense recognized by the Borrower and the Restricted Subsidiaries in connection
with such plans;

 

(z)          Investments
made by any Loan Party with the proceeds of capital contributions by or issuances of Qualified Capital Stock to an Affiliate that
is not a Loan Party; provided that such Investments are made substantially simultaneously with the receipt of such capital
contributions or issuances of Qualified Capital Stock;

 

(aa)        Investments
by the Borrower or any Restricted Subsidiary in any Restricted Subsidiary made for tax planning and reorganization purposes and
that are reasonably satisfactory to the Administrative Agent, so long as the value of the Collateral after giving pro forma
effect to such Investments, taken as a whole, is not materially impaired (as determined by the Administrative Agent);

 

(bb)       Investments
by the Borrower or any Restricted Subsidiary in an aggregate amount outstanding not to exceed, at the time of any such Investment,
the greater of (x) $50,000,000 and (y) 20.0% of Consolidated EBITDA (as determined for the four fiscal quarters most recently ended
of the Borrower and in respect to which financial statements have been delivered pursuant to Sections 6.1(a) or (b));
provided that no Default or Event of Default is continuing or would result therefrom;

 

(cc)       so
long as no Event of Default has occurred and is continuing immediately after giving effect to such Investment, Investments by the
Borrower or any Restricted Subsidiary with the Contribution Amount that is then available and not otherwise applied;

 

(dd)       (i)
Investments by the Borrower or any Restricted Subsidiary with the Available Amount (other than the Earnings Component thereof)
that is then available and not otherwise applied and (ii) so long as no Specified Event of Default has occurred and is continuing
immediately after giving effect to such Investment, Investments by the Borrower or any Restricted Subsidiary with the Earnings
Component of the Available Amount that is then available and not otherwise applied.

 

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It is further understood and agreed that
for purposes of determining the value of any Investment outstanding for purposes of this Section, such amount shall deemed to be
the initial amount of such Investment (valued at the fair market value (determined by the Borrower acting in good faith) of such
Investment at the time such Investment was made) and any addition thereto, as reduced by any repayment of principal (in the case
of an Investment constituting Indebtedness) or any distribution constituting a return (in the case of any other Investment) not
to exceed the original amount invested.

 

For purposes of determining compliance
with this Section 7.7, (A) Investments need not be permitted solely by reference to one category of permitted Investments
described in Section 7.7(a) through (dd) but may be permitted in part under any combination thereof and (B) in
the event that an Investment (or any portion thereof) meets the criteria of one or more of the categories of permitted Investments
described in Section 7.7(a) through (dd), the Borrower shall, in its sole discretion, classify or reclassify, or
later divide, classify or reclassify, such Investment (or any portion thereof) in any manner that complies with this Section
7.7 and will only be required to include the amount and type of such Investment (or any portion thereof) in one of the above
clauses and such Investment shall be treated as having been made or existing pursuant to only one of such clauses.

 

7.8           Optional
Payments of Certain Indebtedness; Modifications of Certain Agreements and Instruments. (a) Make any optional payment, prepayment,
repurchase or redemption of, or otherwise voluntarily defease the principal of or interest on, or any other amount owing in respect
of any Indebtedness outstanding under any Indebtedness ranking junior in right of security to the Facilities or unsecured, senior
subordinated or subordinated Indebtedness of the Borrower or any Subsidiary Guarantor (including guarantees thereof by the Borrower
or any Subsidiary Guarantor, as applicable, but excluding any Subordinated Sponsor Indebtedness) (any such Indebtedness, “Junior
Indebtedness”), except that (i) regularly scheduled interest payments and customary “high yield” mandatory
prepayments, repurchases or redemptions following the occurrence of a “change of control” (to be defined no more favorable
to the holders of such Indebtedness than the definition of “Change of Control” herein) or a Disposition of assets in
respect of such Junior Indebtedness of the Borrower or any Subsidiary Guarantor may be made in accordance with and to the extent
permitted by the subordination provisions applicable thereto (and, in the case of any asset sale mandatory prepayment, intercreditor
arrangements reasonably satisfactory to the Administrative Agent), (ii) any outstanding Junior Indebtedness of the Borrower or
any Subsidiary Guarantor may be prepaid, so long as (A) no Default or Event of Default is continuing or would result therefrom
and (B) immediately after giving pro forma effect to any prepayment, the Borrower’s Consolidated Total Leverage Ratio
shall be less than 4.50:1.00, (iii) any outstanding Junior Indebtedness of the Borrower or any Subsidiary Guarantor may be prepaid
with the Contribution Amount that is then available and not otherwise applied so long as no Event of Default has occurred and is
continuing immediately after giving effect to such payment, and (iv) any outstanding Junior Indebtedness of the Borrower or any
Subsidiary Guarantor may be prepaid with (y) the Available Amount (other than the Earnings Component thereof) that is then available
and not otherwise applied and (z) the Earnings Component of the Available Amount that is then available and not otherwise applied,
so long as (in the case of this clause (z)) no Event of Default has occurred and is continuing immediately after giving effect
to such payment. 

 

(b)          Amend,
modify or otherwise change, or consent or agree to any amendment, modification, waiver or other change to any agreement or instrument
governing or evidencing any Junior Indebtedness (including guarantees thereof by the Borrower or any Subsidiary Guarantor, as applicable)
or Subordinated Sponsor Indebtedness or any related Subordination Agreement, in each case, in any manner that is materially adverse
to the interests of the Lenders (determined by comparison to such terms in effect on the Closing Date, in the case of those then
in effect, or otherwise to such terms in effect on the date of creation thereof), without the prior consent of the Administrative
Agent (with approval of the Required Lenders).

 

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(c)          Amend,
modify or otherwise change, or consent or agree to any amendment, modification, waiver or other change to any organizational documents
of any Loan Party in any manner that is materially adverse to the interests of the Lenders, without the prior consent of the Administrative
Agent (with approval of the Required Lenders).

 

7.9          Transactions
with Affiliates. Enter into any transaction, including, without limitation, any purchase, sale, lease or exchange of Property,
the rendering of any service or the payment of any management, advisory or similar fees, with any Affiliate (other than the Borrower
or any wholly owned Subsidiary) unless such transaction is (a) otherwise not prohibited under this Agreement and (b) upon fair
and reasonable terms no less favorable to the Borrower or such Subsidiary, as the case may be, than it would obtain in a comparable
arm’s-length transaction with a Person that is not an Affiliate. Notwithstanding the foregoing, (i) the Borrower and the
Restricted Subsidiaries may make (A) any payments due and owing under (x) the Tax Sharing Agreement or any replacement thereof
on substantially similar terms and (y) any agreements entered into by Holdings, the Borrower or any Restricted Subsidiary, on
the one hand, with any Affiliate thereof, on the other hand, (1) to the extent such payments are only required to be made out
of Restricted Payments permitted under Section 7.6(f), (g) or (h) or (2) governing cost allocation or other arrangements
relating to the payments permitted to be made pursuant to Section 7.6(c)(i), and (B) payment or reimbursement of expenses
which are limited to reasonable out-of-pocket expenses incurred by the Permitted Investors and their respective Affiliates in
connection with the provision of their services; (ii) without being subject to the terms of this Section, the Borrower and the
Restricted Subsidiaries may enter into any transaction with any Person which is an Affiliate of Holdings only by reason of such
Person and Holdings having common directors, (iii) the Borrower and the Restricted Subsidiaries may make Restricted Payments permitted
under Section 7.6, (iv) the Borrower and the Restricted Subsidiaries may consummate transactions pursuant to permitted
agreements in existence on the Closing Date and set forth on Schedule 7.9 or any amendment thereto to the extent such an
amendment is not adverse, taken as a whole, to the Lenders in any material respect, (v) the Borrower and the Restricted Subsidiaries
may enter into ordinary course non-material transactions with Affiliates in accordance with past practices, including, without
limitation, in connection with the use of FBO facilities for landing and refueling and (vi) Investments by the Sponsor in debt
securities of the Borrower or any Restricted Subsidiary are otherwise permitted hereunder. For the avoidance of doubt, this Section
shall not apply to employment arrangements with, and payments of compensation, expense reimbursement, indemnification or benefits
to or for the benefit of, current or former employees, officers or directors of Holdings, the Borrower or any Restricted Subsidiary. 

 

7.10        Changes
in Fiscal Periods. Permit the fiscal year of Holdings or the Borrower to end on a day other than December 31st of each year.

 

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7.11        Negative
Pledge Clauses. Enter into any agreement that prohibits or limits the ability of Holdings, the Borrower or any Restricted
Subsidiary to create, incur, assume or suffer to exist any Lien upon any of its Property or revenues, whether now owned or hereafter
acquired, to secure the Obligations or, in the case of any Guarantor, its obligations under the Guarantee and Collateral Agreement,
other than (a) this Agreement and the other Loan Documents, (b) any agreements governing any purchase money Liens or Capital Lease
Obligations otherwise permitted hereby (in which case, any prohibition or limitation shall only be effective against the assets
financed thereby and the proceeds thereof), (c) Contractual Obligations incurred in the ordinary course of business and on
customary terms which limit Liens on the assets subject of the applicable Contractual Obligation, (d) any agreements regarding
Indebtedness of any Non-Guarantor Subsidiary not prohibited under Section 7.2 (in which case, any prohibition or limitation
shall only be effective against the assets of such Non-Guarantor Subsidiary and its Subsidiaries), (e) prohibitions and limitations
in effect on the date hereof and listed on Schedule 7.11, (f) customary provisions restricting the subletting or assignment
of any lease governing a leasehold interest, (g) customary restrictions and conditions contained in any agreement relating to
an asset sale permitted by Section 7.4 or 7.5, (h) any agreement in effect at the time any Person becomes a Restricted
Subsidiary, so long as such agreement was not entered into in contemplation of such Person becoming a Restricted Subsidiary, (i)
customary provisions in joint venture agreements and other similar agreements applicable to joint ventures permitted under Section
7.7 and applicable solely to such joint venture and entered into in the ordinary course of business, (j) any prohibition or
limitation that exists pursuant to any applicable Requirement of Law and (k) customary and reasonable restrictions contained in
any agreements or instruments governing Refinancing Incremental Equivalent Debt or Incremental Equivalent Debt and any refinancings,
replacements, refundings, renewals or extensions thereof (without any increase (other than any such increase resulting from accrued
interest and the amount of reasonable fees and expenses incurred, make whole payments and premiums paid in connection with the
Indebtedness being refinanced) in the principal amount thereof); provided that the terms of any Indebtedness for borrowed
money incurred by the Borrower, Holdings or any Subsidiary Guarantor on or after the Closing Date pursuant to Sections 7.2(a)(i),
(ii) or (iii) or 7.2(s) and any refinancings, replacements, refundings, renewals or extensions thereof shall
expressly permit the creation, incurrence, assumption and/or sufferance of the Liens, from time to time, created, incurred and/or
assumed pursuant to (A) the Loan Documents or (B) any documentation for any Indebtedness refinancing the Obligations (or any portion
thereof) from time to time. 

 

7.12        Clauses
Restricting Subsidiary Distributions. Enter into any consensual encumbrance or restriction on the ability of any Restricted
Subsidiary to (a) make Restricted Payments in respect of any Capital Stock of such Restricted Subsidiary held by, or pay any Indebtedness
owed to, the Borrower or any Restricted Subsidiary or (b) make Investments in the Borrower or any Restricted Subsidiary, except
for such encumbrances or restrictions existing under or by reason of (i) any restrictions existing under the Loan Documents, (ii)
any restrictions with respect to such Restricted Subsidiary imposed pursuant to an agreement that has been entered into in connection
with the Disposition of all or substantially all of the Capital Stock or assets of such Restricted Subsidiary, (iii) any restrictions
contained in agreements related to Indebtedness of any Non-Guarantor Subsidiary not prohibited under Section 7.2 (in which
case such restriction shall relate only to such Non-Guarantor Subsidiary and its Subsidiaries), (iv) any restrictions regarding
licenses or sublicenses by the Borrower and the Restrictive Subsidiaries of Intellectual Property in the ordinary course of business
(in which case such restriction shall relate only to such Intellectual Property), (v) Contractual Obligations incurred in the ordinary
course of business which include customary provisions restricting the assignment of any agreement relating thereto, (vi) customary
provisions contained in joint venture agreements and other similar agreements applicable to joint ventures entered into in the
ordinary course of business, (vii) customary provisions restricting the subletting or assignment of any lease governing a
leasehold interest, (viii) customary restrictions and conditions contained in any agreement relating to an asset sale permitted
by Section 7.4 or 7.5, (ix) any agreement in effect at the time any Person becomes a Restricted Subsidiary, so long
as such agreement was not entered into in contemplation of such Person becoming a Restricted Subsidiary, (x) such restrictions
in effect on the Closing Date and listed on Schedule 7.12, (xi) applicable law, (xii) restrictions on cash or other
deposits or net worth imposed by customers under contracts entered into in the ordinary course of business and (xiii) customary
and reasonable restrictions contained in any agreements or instruments governing Refinancing Incremental Equivalent Debt or Incremental
Equivalent Debt and any refinancings, replacements, refundings, renewals or extensions thereof (without any increase (other than
any such increase resulting from accrued interest and the amount of reasonable fees and expenses incurred, make whole payments
and premiums paid in connection with the Indebtedness being refinanced) in the principal amount thereof). 

 

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7.13         Sale
Leaseback Transactions. Enter into any Sale Leaseback Transactions other than Permitted Sale Leaseback Transactions. 

 

7.14         Limitation
on Activities of Holdings. In the case of Holdings only, notwithstanding anything to the contrary in this Agreement or any
other Loan Document: 

 

(a)          conduct,
transact or otherwise engage in, or commit to conduct, transact or otherwise engage in, any business or operations other than (i)
those incidental to its ownership of the Capital Stock of the Borrower and (indirectly) the Restricted Subsidiaries of the Borrower
and those incidental to Investments by or in Holdings (including the issuance of Qualified Capital Stock in consideration for the
purchase of its Capital Stock from its direct or indirect parent), (ii) activities incidental to the maintenance of its existence
and compliance with applicable laws and legal, tax and accounting matters related thereto and activities relating to its employees,
(iii) activities relating to the performance of the obligations under the Loan Documents to which it is a party or expressly permitted
thereunder, (iv) the making of Restricted Payments permitted to be made to Holdings pursuant to Section 7.6, (v) the receipt
and payment by Holdings of Restricted Payments permitted under Section 7.6, (vi) declaring and making dividend payments
or other distributions payable solely in its Qualified Capital Stock, (vii) the incurring of Indebtedness by Holdings to the extent
such Indebtedness would be permitted to be incurred by the Borrower or any Restricted Subsidiary pursuant to Sections 7.2(i)
and 7.2(n) and (ix) the other transactions expressly permitted under this Section 7.14;

 

(b)          incur,
create, assume or suffer to exist any Indebtedness or other liabilities or financial obligations, except (i) the Obligations, (ii)
Guarantee Obligations with respect to any Incremental Commitments, Incremental Equivalent Debt, Junior Indebtedness, Refinancing
Facilities, and Refinancing Incremental Equivalent Debt, in each case, that is permitted to be incurred hereunder, (iii) obligations
with respect to its Capital Stock (other than Disqualified Stock), (iv) tax liabilities and liabilities for expenses incurred in
connection with the maintenance of its existence and (v) the other transactions expressly permitted under this Section 7.14
and Section 7.9(b)(i)(A)(y);

 

(c)          own,
lease, manage or otherwise operate or transfer any properties or assets (including cash (other than cash received in connection
with Qualified Equity Issuances and dividends paid by the Borrower in accordance with Section 7.6 pending application in
the manner contemplated by said Section)) other than (i) the ownership of shares of Capital Stock of the Borrower and de minimis
amounts of other assets incidental to its business and (ii) so long as no Default or Event of Default shall have occurred and be
continuing, (A) the transfer by Holdings of Capital Stock of its direct or indirect parent to present or former officers, directors,
consultants or employees of Holdings or its Subsidiaries, their estates, spouses or former spouses and their heirs and (B) the
other transactions expressly permitted under this Section 7; or

 

(d)          consummate
any merger, consolidation or amalgamation, or liquidate, wind up or dissolve itself (or suffer any liquidation or dissolution),
or Dispose of all or substantially all of its Property or business.

 

7.15         Compliance
with Sanctions and Money Laundering Laws. The Borrower and Holdings will not, and will not permit any Subsidiary to use any
Loans or the proceeds thereof, or lend, contribute or otherwise make available any Loans or the proceeds of any Loans to any Subsidiary,
joint venture partner or other Person, either directly or, to their knowledge, indirectly (i) to fund any activities or business
of or with any Person who at the time of such funding is the subject of Sanctions or located, organized or residing in any Designated
Jurisdiction or in any country or territory that at the time of such funding is, or whose government is, a Designated Jurisdiction,
except to the extent permissible for a Person required to comply with Sanctions or (ii) in any other manner that will result in
a violation by any Person (including any Person participating in the transaction, whether as a Lead Arranger, the Administrative
Agent, any Lender or an Issuing Lender or otherwise) of Sanctions. The Borrower and Holdings will not, and will not permit any
Subsidiary to, use any Loan or Letter of Credit or the proceeds therefrom for any purpose that would violate any Anti-Corruption
Law in any material respect. 

 

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7.16       Transfer
of Airport Leases to Unrestricted Subsidiaries. Permit or cause, notwithstanding any provision in this Agreement to the contrary,
any ground lease or operating lease as to which any airport or Governmental Authority is lessor and the Borrower, Holdings or
any Restricted Subsidiary is lessee on the Closing Date (each, a “Closing Date Airport Lease”) to be owned
by or transferred to any Unrestricted Subsidiary after the Closing Date (whether by designation of a Restricted Subsidiary as
an Unrestricted Subsidiary pursuant to Section 6.14, the formation of any Unrestricted Subsidiary, the consummation of
any Disposition, the making of any Investment or Restricted Payment, the naming of such Unrestricted Subsidiary as lessee thereunder,
any combination of the foregoing, or otherwise); provided that any Closing Date Airport Lease may be owned by or transferred
to an Unrestricted Subsidiary after the Closing Date, in each case so long as, immediately after giving effect to the transaction
or event (or related series of transactions or events) resulting in such Unrestricted Subsidiary owning or being named as lessee
thereunder, (i) no Default or Event of Default shall have occurred and be continuing and (ii) immediately after giving pro
forma effect to any such transaction or event (or related series of transactions or events), the Borrower’s Consolidated
Total Leverage Ratio shall be less than 3.50:1.00. 

 

Section 8.       EVENTS
OF DEFAULT

 

8.1         Events
of Default.  

 

If any of the following
events shall occur and be continuing:

 

(a)       the
Borrower shall fail to pay (i) any principal of any Loan or Reimbursement Obligation when due in accordance with the terms hereof
or (ii) any interest owed by it on any Loan or Reimbursement Obligation, or any other amount payable by it hereunder or under any
other Loan Document, 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 that is contained in any
certificate, document or financial or other statement furnished by it at any time under or in connection with this Agreement or
any such other Loan Document shall prove to have been inaccurate in any material respect on or as of the date made or deemed made
or furnished; or

 

(c)       any
Loan Party shall default in the observance or performance of any agreement contained in (i) Sections 6.5(c), 6.6(b),
6.6(c), 6.6(d) or 6.7(f) and such default shall continue unremedied for a period of 20 days after such Loan
Party receives from the Administrative Agent or any Lender written notice of the existence of such default or (ii) Section 6.4(a)(i)
(with respect to Holdings or the Borrower only), Section 6.7(a) or Section 7; provided that the Borrower’s
failure to comply with the Financial Condition Covenant (a “Financial Covenant Event of Default”) shall not
constitute an Event of Default with respect to any Term Loans or Term Commitments unless and until the Required Revolving Credit
Lenders have actually terminated all Revolving Commitments and declared all Obligations with respect to the Revolving Facility
to be immediately due and payable pursuant to the last paragraph of this Section 8.1 as a result of such Financial Covenant
Event of Default (and such declaration has not been rescinded as of the applicable date) (the occurrence of such termination and
declaration by the Required Revolving Credit Lenders, a “Financial Covenant Cross Default”); provided further
that any Financial Covenant Event of Default is subject to cure pursuant to Section 7.1(b); or

 

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(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 to and including clause (c) of this Section 8.1),
and such default shall continue unremedied for a period of 30 days after such Loan Party receives from the Administrative Agent
or any Lender written notice of the existence of such default; or

 

(e)       Holdings,
the Borrower or any Restricted Subsidiary (other than any Immaterial Subsidiary) shall (i) default in making any payment of any
principal of or interest on any Indebtedness (excluding the Obligations) on the scheduled or original due date with respect thereto,
in each case, beyond the period of grace, if any, provided in the instrument or agreement under which such Indebtedness was created
and such default has not been waived; or (ii) default in the observance or performance of any other material agreement or condition
relating to any such Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any
other event of default shall occur, in each case, beyond the period of grace or cure, if any, provided therefore, if the effect
of which payment or other default or other event of default described in clauses (i) or (ii) of this clause (e) is to cause,
or to permit the holder or beneficiary of such Indebtedness (or a trustee or agent on behalf of such holder or beneficiary) to
cause, with the giving of notice if required, such Indebtedness to become due prior to its stated maturity or to become subject
to a mandatory offer to purchase by the obligor thereunder or to become payable; provided that (A) a default, event or condition
described in this clause (e) shall not at any time constitute an Event of Default unless, at such time, one or more defaults
or events of default of the type described in this clause (e) shall have occurred and be continuing with respect to Indebtedness
the outstanding principal amount of which exceeds in the aggregate $25,000,000 and (B) this clause (e) shall not apply to
(x) secured Indebtedness that becomes due as a result of the sale, transfer, destruction or other Disposition of the Property or
assets securing such Indebtedness if such sale, transfer, destruction or other Disposition is not prohibited hereunder or (y) any
Guarantee Obligations except to the extent such Guarantee Obligations shall become due and payable by any Loan Party and remain
unpaid after any applicable grace period or period permitted following demand for the payment thereof; or

 

(f)       (i)
Holdings, the Borrower or any of their respective Subsidiaries (other than any Immaterial Subsidiaries) 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, or (B) seeking appointment of a receiver, trustee, custodian, conservator
or other similar official for it or for all or any substantial part of its assets, or Holdings, the Borrower or any of their respective
Subsidiaries (other than any Immaterial Subsidiaries) shall make a general assignment for the benefit of its creditors; or (ii)
there shall be commenced against Holdings, the Borrower or any of their respective Subsidiaries (other than any Immaterial Subsidiaries)
any case, proceeding or other action of a nature referred to in clause (i) above that (A) results in the entry of an order
for relief or any such adjudication or appointment or (B) remains undismissed or undischarged for a period of 60 days; or (iii)
there shall be commenced against Holdings, the Borrower or any of their respective Subsidiaries (other than any Immaterial Subsidiaries)
any case, proceeding or other action seeking issuance of a warrant of attachment, execution, distraint or similar process against
substantially all of its assets that results in the entry of an order for any such relief that shall not have been vacated, discharged,
or stayed pending appeal within 60 days from the entry thereof; or (iv) Holdings, the Borrower or any of their respective Subsidiaries
(other than any Immaterial Subsidiaries) shall consent to or approve of, or acquiescence in, any of the acts set forth in clause
(i), (ii), or (iii) above; or (v) Holdings, the Borrower or any of their respective Subsidiaries (other than
any Immaterial Subsidiaries) shall generally not, or shall be unable to, or shall admit in writing its inability to, pay its debts
as they become due; or

 

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(g)       (i)
the occurrence of an ERISA Event or (ii) the occurrence of a non-exempt “prohibited transaction” (as defined in Section
406 of ERISA or Section 4975 of the Code) involving any Plan, in each case, that would reasonably be expected to result in a Material
Adverse Effect; or

 

(h)       one
or more monetary judgments or decrees shall be entered against Holdings, the Borrower or its Restricted Subsidiaries involving,
for Holdings, the Borrower and its Restricted Subsidiaries, taken as a whole, a liability (to the extent not paid or covered by
insurance or effective indemnity) of $25,000,000 or more, and such judgments or decrees shall not have been vacated, discharged,
stayed or bonded pending appeal within 30 days from the entry thereof; or

 

(i)        (i)
any of the Loan Documents shall cease, for any reason (other than in accordance with the terms thereof or by reason of the express
release thereof pursuant to Section 10.15) to be in full force and effect or shall be asserted in writing by any Loan
Party not to be a legal, valid and binding obligation of any party thereto, (ii) any security interest purported to be created
by any Security Document to extend to Collateral that is not immaterial to the Loan Parties on a consolidated basis shall cease
to be, or shall be asserted in writing by any Loan Party not to be, a valid and perfected security interest (having the priority
required by this Agreement or the relevant Security Document) in the securities, assets or properties covered thereby, except to
the extent that (A) any such loss of perfection or priority results from the failure of the Collateral Agent to maintain possession
of certificates actually delivered to it representing securities pledged under the Guarantee and Collateral Agreement or to file
UCC continuation statements or (B) any such loss of validity, perfection or priority is the result of any failure by the Collateral
Agent to take any action necessary to secure the validity, perfection or priority of the liens or (iii) the Guarantees pursuant
to the Security Documents by any Loan Party of any of the Obligations shall cease to be in full force and effect (other than in
accordance with the terms thereof), or shall be asserted in writing by any Loan Party not to be in effect or not to be legal, valid
and binding obligations; or

 

(j)        a
Change of Control shall have occurred; or

 

(k)       (i)
any provision of a Subordination Agreement or (ii) any subordination provision in any document or instrument governing unsecured,
senior subordinated or subordinated Indebtedness the outstanding principal amount of which exceeds in the aggregate $25,000,000
of Holdings, the Borrower or any Restricted Subsidiary (including guarantees thereof by Holdings, the Borrower or any Restricted
Subsidiary, as applicable), shall, in each case, cease to be in full force and effect, or the Sponsor or any Parent Holding Company
that is party to a Subordination Agreement, in the case of such Subordination Agreement, or Holdings, the Borrower or any Restricted
Subsidiary, in the case of any other document or instrument, shall contest in any manner the validity, binding nature or enforceability
of any such provision;

 

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then, except as provided in the immediately
succeeding paragraph with respect to a Financial Covenant Event of Default, in any such event, (A) if such event is an Event of
Default specified in clauses (i), (ii), (iii) or (iv) of clause (f) above with respect to the
Borrower, automatically the Commitments shall immediately terminate and the Loans hereunder (with accrued interest thereon) and
all other amounts owing under this Agreement and the other Loan Documents 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, terminate the Commitments and declare the Loans
hereunder (with accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents to be due
and payable forthwith, whereupon the same shall immediately become due and payable. In the case of all Letters of Credit with respect
to which presentment for honor shall not have occurred at the time of an acceleration pursuant to this paragraph, the Borrower
shall at such time deposit in a cash collateral account opened by the Administrative Agent an amount equal to the aggregate then
undrawn and unexpired amount of such Letters of Credit. Amounts held in such cash collateral account shall be applied by the Administrative
Agent to the payment of drafts drawn under such Letters of Credit, and the unused portion thereof after all such Letters of Credit
shall have expired or been backstopped or been fully drawn upon, if any, shall be applied to repay other obligations of the Borrower
hereunder and under the other Loan Documents. After all such Letters of Credit shall have expired or been fully drawn upon, all
Reimbursement Obligations shall have been satisfied and all other obligations of the Borrower then due and owing hereunder and
under the other Loan Documents shall have been paid in full (other than contingent or indemnification obligations not then asserted
or due), the balance, if any, in such cash collateral account shall be returned to the Borrower (or such other Person as may be
lawfully entitled thereto). Except as expressly provided above in this Section or otherwise in any Loan Document, presentment,
demand and protest of any kind are hereby expressly waived by Holdings and the Borrower.

 

Notwithstanding anything to the contrary,
if the only Events of Default then having occurred and continuing are pursuant to a Financial Covenant Event of Default, then,
unless a Financial Covenant Cross Default has occurred and is continuing, the Administrative Agent shall only take the actions
set forth in this Section 8.1 at the request (or with the consent) of the Required Revolving Credit Lenders (as opposed to the
Required Lenders) and only with respect to the Revolving Commitments, Revolving Loans, Letters of Credit, and Obligations under
the Revolving Facility.

 

Section 9.       THE
AGENTS

 

9.1        Appointment.
Each Lender hereby irrevocably appoints JPMorgan Chase Bank, N.A. to act on its behalf as the Administrative Agent hereunder and
under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such
powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are
reasonably incidental thereto. The provisions of this Section are solely for the benefit of the Agents and the Lenders (including
the Issuing Lenders), and the Borrower shall not have rights as a third-party beneficiary of any of such provisions. It is understood
and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with
reference to any Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency
doctrine of any applicable Law. Instead such term is used as a matter of market custom, and is intended to create or reflect only
an administrative relationship between independent contracting parties. 

 

Each Issuing Lender shall
act on behalf of the Revolving Lenders with respect to any Letters of Credit issued by it and the documents associated therewith,
and each Issuing Lender shall have all of the benefits and immunities (a) provided to the Agents in this Section with respect
to any acts taken or omissions suffered by such Issuing Lender in connection with Letters of Credit issued by it or proposed to
be issued by it and documents pertaining to such Letters of Credit as fully as if the term “Agent” as used in this
Section and the definition of “Agent-Related Person” included such Issuing Lender with respect to such acts or omissions,
and (b) as additionally provided herein with respect to each Issuing Lender.

 

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9.2       Delegation
of Duties. The Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder or under
any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent
and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective
Related Parties. The exculpatory provisions of this Section shall apply to any such sub-agent and to the Related Parties of the
Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication
of the Facilities as well as activities as Administrative Agent. The Administrative Agent shall not be responsible for the negligence
or misconduct of any sub-agents except to the extent that a court of competent jurisdiction determines in a final and non-appealable
judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub-agents. 

 

9.3       Exculpatory
Provisions. (a) No Agent, Joint Bookrunner, Lead Arranger, or Documentation Agent shall have any duties or obligations except
those expressly set forth herein and in the other Loan Documents, and its duties hereunder shall be administrative in nature. Without
limiting the generality of the foregoing, no Agent, Joint Bookrunner, Lead Arranger or Documentation Agent shall: (i) be subject
to any fiduciary or other implied duties, regardless of whether a Default or Event of Default has occurred and is then continuing;
(ii) have any duty to take any discretionary action or exercise any discretionary powers, except (in the case of the Administrative
Agent) discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent
is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall
be expressly provided for herein or in the other Loan Documents); provided that the Administrative Agent shall not be required
to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to liability or that
is contrary to any Loan Document or applicable Law, including for the avoidance of doubt any action that may be in violation of
the automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification or termination of Property of a Defaulting
Lender in violation of any Debtor Relief Law; and (iii) 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 respective Affiliates that is communicated to or obtained by such Agent or any of its Affiliates in any capacity. 

 

(b)       The
Administrative Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the request of
the Required Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall
believe in good faith shall be necessary, under the circumstances as provided in Section 8 and/or Section 10.1),
or (ii) in the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction
by final and non-appealable judgment. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence
of any Default unless and until the Administrative Agent shall have received written notice from a Lender, an Issuing Lender or
the Borrower referring to this Agreement, describing such Default and stating that such notice is a “notice of default.”

 

(c)       No
Agent-Related Person 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 5 or elsewhere herein,
other than (in the case of the Administrative Agent) to confirm receipt of items expressly required to be delivered to it.

 

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(d)       The
Administrative Agent shall not be responsible or have any liability for, or have any duty to ascertain, inquire into, monitor or
enforce, compliance with the provisions of this Agreement relating to Disqualified Institutions or Affiliated Lenders. Without
limiting the generality of the foregoing, the Administrative Agent shall not ‎(x) be obligated
to ascertain, monitor or inquire as to whether any Lender or Participant or prospective Lender or Participant is a Disqualified
‎Institution or Affiliated Lender or (y) have any liability with respect to or arising
out of any assignment or participation of Loans, or disclosure of confidential information, to any ‎Disqualified
Institution or Affiliated Lender.

 

9.4        Reliance
by the Agents. 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 any Borrowing or any draft under any Letter of Credit that by its terms shall be fulfilled to the satisfaction of
a Lender or an Issuing Lender, the Administrative Agent may presume that such condition is satisfactory to such Lender or such
Issuing Lender unless the Administrative Agent shall have received notice to the contrary from such Lender or such Issuing Lender
prior to any such Borrowing or Letter of Credit draft. The Administrative Agent may consult with legal counsel (who may be counsel
for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action taken or not
taken by it in accordance with the advice of any such counsel, accountants or experts.  

 

9.5        Non-Reliance
on Agents and Other Lenders. Each Lender expressly acknowledges that neither the Agents nor any of its officers, directors,
employees, agents, attorneys-in-fact or Affiliates have made any representations or warranties to it and that no act by the Agents
hereafter taken, including any review of the affairs of a Loan Party or any Affiliate of a Loan Party, shall be deemed to constitute
any representation or warranty by any Agent to any Lender. Each Lender represents to the Agents that it has, independently and
without reliance upon any Agent or any other Lender, and based on such documents and information as it has deemed appropriate,
made its own appraisal of and investigation into the business, operations, property, financial and other condition and creditworthiness
of the Loan Parties and their Affiliates and made its own decision to make its Loans hereunder and enter into this Agreement. Each
Lender also represents that it will, independently and without reliance upon 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 analysis, appraisals and decisions in
taking or not taking action under the applicable Loan Documents, and to make such investigation as it deems necessary to inform
itself as to the business, operations, property, financial and other condition and creditworthiness of the Loan Parties and their
Affiliates. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the Agents hereunder,
the Agents shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the
business, operations, property, condition (financial or otherwise), prospects or creditworthiness of any Loan Party or any Affiliate
of a Loan Party that may come into the possession of either Agent or any of its officers, directors, employees, agents, attorneys-in-fact
or Affiliates. 

 

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9.6        Indemnification.
Whether or not the transactions contemplated hereby are consummated, each Lender shall indemnify upon demand each Agent-Related
Person (to the extent not reimbursed by or on behalf of the Borrower and without limiting the obligations of any Loan Party to
do so) on a pro rata basis (determined as of the time that the applicable payment is sought based on each Lender’s
ratable share at such time) and hold harmless each Agent-Related Person against any and all Indemnified Liabilities incurred by
it; provided that (a) no Lender shall be liable for payment to any Agent-Related Person of any portion of such Indemnified
Liabilities to the extent determined in a final, non-appealable judgment of a court of competent jurisdiction to have resulted
from such Agent-Related Person’s own gross negligence or willful misconduct (and no action taken in accordance with the directions
of 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) shall be deemed to constitute gross negligence or willful misconduct for purposes of this Section) and (b) to
the extent any Issuing Lender is entitled to indemnification under this Section solely in its capacity and role as an Issuing Lender
only the Revolving Lenders shall be required to indemnify such Issuing Lender in accordance with this Section (determined as of
the time that the applicable payment is sought based on each Revolving Lender’s Revolving Percentage thereof at such time).
In the case of any investigation, litigation or proceeding giving rise to any Indemnified Liabilities, this Section applies whether
any such investigation, litigation or proceeding is brought by any Lender or any other Person. Without limitation of the foregoing,
each Lender shall reimburse the Administrative Agent upon demand for its ratable share of any costs or out-of-pocket expenses (including
the fees, disbursements and other charges of counsel) incurred by the Administrative Agent in connection with preparation, execution,
delivery, administration, modification, amendment or enforcement (whether through negotiations, legal proceedings or otherwise)
of, or legal advice in respect of rights and responsibilities under, this Agreement, any other Loan Document, or any document contemplated
by or referred to herein, to the extent that the Administrative Agent is not reimbursed for such costs or expenses by or on behalf
of the Borrower. 

 

To the extent required
by any applicable Law, the Administrative Agent may withhold from any payment to any Lender an amount equivalent to any U.S. federal
income Tax. If the IRS or any other Governmental Authority asserts a claim that the Administrative Agent did not properly withhold
U.S. federal income 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 the Administrative Agent of a change in circumstance which rendered
the exemption from, or reduction of, U.S. federal income Tax ineffective or for any other reason, or if the Administrative Agent
reasonably determines that a payment was made to a Lender pursuant to this Agreement without deduction of applicable withholding
tax from such payment, such Lender shall indemnify the Administrative Agent fully for all amounts paid, directly or indirectly,
by the Administrative Agent as Tax or otherwise, including any penalties or interest and together with all reasonable costs and
out-of-pocket expenses (including reasonable fees and expenses of counsel) incurred in connection therewith.

 

9.7        Agent
in Its Individual Capacity. Any Agent 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 hereunder, and the term “Lender” or “Lenders”
shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as such Agent
hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, own securities of,
act as the financial advisor or in any other advisory capacity for, and generally engage in any kind of business with, the Borrower
or any of its Subsidiaries 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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9.8        Successor
Agents. The Administrative Agent may resign as Administrative Agent upon 30 days’ notice to the Lenders, the Issuing
Lenders and the Borrower. Upon receipt of any such notice of resignation, the Required Lenders shall appoint from among the Lenders
a successor agent (which may be an Affiliate of a Lender but may not be a Disqualified Institution), with the consent of the Borrower
at all times other than during the existence of an Event of Default (which consent shall not be unreasonably withheld or delayed).
If no such successor shall have been so appointed by the Required Lenders (with, so long as no Event of Default has occurred and
is then continuing, the consent of the Borrower (which consent shall not be unreasonably withheld or delayed)) and shall have accepted
such appointment prior to the effective date of the resignation of the Administrative Agent, then the Administrative Agent may
(but shall not be obligated to), on behalf of the Lenders and the Issuing Lenders, appoint a successor Administrative Agent meeting
the qualifications set forth above (including, without limitation, the consent of the Borrower at all times other than during the
existence of an Event of Default (which consent shall not be unreasonably withheld or delayed)). Whether or not a successor has
been appointed, such resignation shall become effective in accordance with such notice on such effective date, where (i) the
retiring Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents
(except that in the case of any collateral security held by the Administrative Agent on behalf of the Lenders or the Issuing Lenders
under any of the Loan Documents, the retiring Administrative Agent may (but shall not be obligated to) continue to hold such collateral
security until such time as a successor Administrative Agent is appointed) and (ii) all payments, communications and determinations
provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender and Issuing Lender directly,
until such time, if any, as the Required Lenders appoint a successor Administrative Agent as provided for above. Upon the acceptance
of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all
of the rights, powers, privileges and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall
be discharged from all of its duties and obligations hereunder or under 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. After the retiring Administrative Agent’s resignation hereunder and under the other Loan Documents, the
provisions of this Section and Section 9.3 shall continue in effect for the benefit of such retiring Administrative
Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them
while the retiring Administrative Agent was acting as Administrative Agent. 

 

If the Person serving
as Administrative Agent is a Defaulting Lender pursuant to clause (d) of the definition thereof, the Required Lenders may, to the
extent permitted by applicable law, by notice in writing to the Borrower and such Person remove such Person as Administrative Agent
and, with the consent of the Borrower at all times other than during the existence of an Event of Default (which consent shall
not be unreasonably withheld or delayed), appoint a successor; provided, however, that the occurrence of any event
specified in clause (d) of the definition of Defaulting Lender with respect to any direct or indirect parent entity of JPMorgan
Chase Bank, N.A., shall not give rise to the Required Lenders having the ability to remove JPMorgan Chase Bank, N.A., as Administrative
Agent hereunder pursuant to this sentence. If no such successor shall have been so appointed by the Required Lenders and shall
have accepted such appointment within 30 days (or such earlier day as shall be agreed by the Required Lenders) (the “Removal
Effective Date”), then such removal shall nonetheless become effective in accordance with such notice on the Removal
Effective Date.

 

9.9        Authorization
to Release Liens and Guarantees. The Agents are hereby irrevocably authorized by each of the Lenders to effect any release
or subordination of Liens or Guarantee Obligations contemplated by Section 10.15 without further action or consent by the
Lenders. 

 

9.10        Lead
Arrangers. None of the Lead Arrangers, Joint Bookrunners or Documentation Agents identified on the cover page of this Agreement
shall have any rights, powers, obligations, liabilities, responsibilities or duties under this Agreement or any of the other Loan
Documents, except in its capacity, as applicable, as the Administrative Agent, the Collateral Agent, a Lender or an Issuing Lender
hereunder. Without limiting any other provision of this Section 9, none of the Lead Arrangers, Joint Bookrunners or Documentation
Agents in their respective capacities as such shall have or be deemed to have any fiduciary relationship with any Lender (including
any Issuing Lender) or any other Person by reason of this Agreement or any other Loan Document.  

 

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9.11       Administrative
Agent May File Proofs of Claim. In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial
proceeding relative to the Borrower, the Administrative Agent (irrespective of whether the principal of any Loan or L/C Obligation
shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative
Agent shall have made any demand on the Borrower) shall be entitled and empowered (but not obligated) by intervention in such proceeding
or otherwise: 

 

(a)       to
file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, all L/C Obligations
and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order
to have the claims of the Lenders, the Issuing Lenders and the Administrative Agent (including any claim for the reasonable compensation,
expenses, disbursements and advances of the Lenders, the Issuing Lenders and the Administrative Agent and their respective agents
and counsel and all other amounts due to the Lenders, the Issuing Lenders and the Administrative Agent under Sections 2.9
and 10.5(a)) allowed in such judicial proceeding; and

 

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

 

and any custodian, receiver, assignee,
trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender
and Issuing Lender to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent
to the making of such payments directly to the Lenders and the Issuing Lenders, to pay to the Administrative Agent any amount due
for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and
any other amounts due the Administrative Agent under Sections 2.9 and 10.5(a).

 

9.12       Certain
ERISA Matters.  

 

(a)       Each
Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date
such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative
Agent, and each Lead Arranger and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the
Borrower or any other Loan Party, that at least one of the following is and will be true:

 

(i)       such
Lender is not using “plan assets” (within the meaning of the Plan Asset Regulations) of one or more Benefit Plans in
connection with the Loans, the Letters of Credit or the Commitments;

 

(ii)       the
transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by
independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company
general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts),
PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption
for certain transactions determined by in-house asset managers), is applicable with respect to such Lender’s entrance into,
participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement;

 

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(iii)       (A)
such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI
of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into,
participate in, administer and perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C) the entrance into,
participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies
the requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements
of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration
of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement; or

 

(iv)       such
other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion,
and such Lender.

 

(b)       In
addition, unless sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or such
Lender has not provided another representation, warranty and covenant as provided in sub-clause (iv) in the immediately
preceding clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party
hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender
party hereto, for the benefit of, the Administrative Agent, and each Lead Arranger and their respective Affiliates, and not, for
the avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that none of the Administrative Agent, or
any Lead Arranger, any Co-Documentation Agent or any of their respective Affiliates is a fiduciary with respect to the Collateral
or the assets of such Lender (including in connection with the reservation or exercise of any rights by the Administrative Agent
under this Agreement, any Loan Document or any documents related to hereto or thereto).

 

(c)       The
Administrative Agent, and each Lead Arranger and Co-Documentation Agent hereby informs the Lenders that each such Person is not
undertaking to provide investment advice or to give advice in a fiduciary capacity, in connection with the transactions contemplated
hereby, and that such Person has a financial interest in the transactions contemplated hereby in that such Person or an Affiliate
thereof (i) may receive interest or other payments with respect to the Loans, the Letters of Credit, the Commitments, this Agreement
and any other Loan Documents (ii) may recognize a gain if it extended the Loans, the Letters of Credit or the Commitments for an
amount less than the amount being paid for an interest in the Loans, the Letters of Credit or the Commitments by such Lender or
(iii) may receive fees or other payments in connection with the transactions contemplated hereby, the Loan Documents or otherwise,
including structuring fees, commitment fees, arrangement fees, facility fees, upfront fees, underwriting fees, ticking fees, agency
fees, administrative agent or collateral agent fees, utilization fees, minimum usage fees, letter of credit fees, fronting fees,
deal-away or alternate transaction fees, amendment fees, processing fees, term out premiums, banker’s acceptance fees, breakage
or other early termination fees or fees similar to the foregoing.

 

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9.13       Posting
of Communications.  

 

(a)       The
Borrower agrees that the Administrative Agent may, but shall not be obligated to, make any Communications available to the Lenders
and the Issuing Lenders by posting the Communications on IntraLinksTM, DebtDomain, SyndTrak, ClearPar or any other electronic
platform chosen by the Administrative Agent to be its electronic transmission system (the “Approved Electronic Platform”).

 

(b)       Although
the Approved Electronic Platform and its primary web portal are secured with generally-applicable security procedures and policies
implemented or modified by the Administrative Agent from time to time (including, as of the Effective Date, a user ID/password
authorization system) and the Approved Electronic Platform is secured through a per-deal authorization method whereby each user
may access the Approved Electronic Platform only on a deal-by-deal basis, each of the Lenders, each of the Issuing Lenders and
the Borrower acknowledges and agrees that the distribution of material through an electronic medium is not necessarily secure,
that the Administrative Agent is not responsible for approving or vetting the representatives or contacts of any Lender that are
added to the Approved Electronic Platform, and that there may be confidentiality and other risks associated with such distribution.
E ach of the Lenders, each of the Issuing Lenders and the Borrower hereby approves distribution of the Communications through the
Approved Electronic Platform and understands and assumes the risks of such distribution.

 

(c)       THE
APPROVED ELECTRONIC PLATFORM AND THE COMMUNICATIONS ARE PROVIDED “AS IS” AND “AS AVAILABLE”. THE APPLICABLE
PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE COMMUNICATIONS, OR THE ADEQUACY OF THE APPROVED ELECTRONIC
PLATFORM AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS OR OMISSIONS IN THE APPROVED ELECTRONIC PLATFORM AND THE COMMUNICATIONS. NO
WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE,
NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY THE APPLICABLE PARTIES IN CONNECTION
WITH THE COMMUNICATIONS OR THE APPROVED ELECTRONIC PLATFORM. IN NO EVENT SHALL THE ADMINISTRATIVE AGENT, ANY LEAD ARRANGER, ANY
JOINT BOOKRUNNER, ANY CO-DOCUMENTATION AGENT, OR ANY OF THEIR RESPECTIVE RELATED PARTIES (COLLECTIVELY, “APPLICABLE PARTIES”)
HAVE ANY LIABILITY TO ANY LOAN PARTY, ANY LENDER, ANY ISSUING LENDER OR ANY OTHER PERSON OR ENTITY FOR DAMAGES OF ANY KIND, INCLUDING
DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT, CONTRACT OR OTHERWISE) ARISING
OUT OF ANY LOAN PARTY’S OR THE ADMINISTRATIVE AGENT’S TRANSMISSION OF COMMUNICATIONS THROUGH THE INTERNET OR THE APPROVED
ELECTRONIC PLATFORM, UNLESS DETERMINED BY A COURT OF COMPETENT JURISDICTION BY FINAL AND NON-APPEALABLE JUDGMENT TO HAVE RESULTED
FROM THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF SUCH APPLICABLE PARTY.

 

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

 

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(e)       Each
Lender and each Issuing Lender agrees that notice to it (as provided in the next sentence) specifying that Communications have
been posted to the Approved Electronic Platform shall constitute effective delivery of the Communications to such Lender for purposes
of the Loan Documents. Each Lender and Issuing Lender agrees (i) to notify the Administrative Agent in writing (which could be
in the form of electronic communication) from time to time of such Lender’s or Issuing Lender’s (as applicable) email
address to which the foregoing notice may be sent by electronic transmission and (ii) that the foregoing notice may be sent to
such email address.

 

(f)       Each
of the Lenders, each of the Issuing Lenders and the Borrower agrees that the Administrative Agent may, but (except as may be required
by applicable law) shall not be obligated to, store the Communications on the Approved Electronic Platform in accordance with the
Administrative Agent’s generally applicable document retention procedures and policies.

 

(g)       Nothing
herein shall prejudice the right of the Administrative Agent, any Lender or any Issuing Lender to give any notice or other communication
pursuant to any Loan Document in any other manner specified in such Loan Document.

 

Section 10.      MISCELLANEOUS

 

10.1       Amendments
and Waivers.  

 

(a)       Subject
to Section 2.17(b) above and Section 10.1(d) below, neither this Agreement nor any other Loan Document, nor any terms
hereof or thereof may be amended, supplemented or modified except in accordance with the provisions of this Section. The Required
Lenders and each Loan Party to the relevant Loan Document may, or, with the written consent of the Required Lenders, the Administrative
Agent and each Loan Party to the relevant Loan Document may, from time to time, (a) enter into written amendments, supplements
or modifications hereto and to the other Loan Documents for the purpose of adding any provisions to this Agreement or the other
Loan Documents or changing in any manner the rights or obligations of the Agents, the Issuing Lenders, the Lenders or of the Loan
Parties hereunder or thereunder or (b) waive, on such terms and conditions as the Required Lenders or the Administrative Agent
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 no such waiver and no such amendment, supplement or modification
shall (i) forgive or reduce the principal amount or extend the final scheduled date of maturity of any Loan, extend the scheduled
date or reduce the amount of any amortization payment in respect of any Term Loan, reduce the stated rate of any interest or fee
payable hereunder (except that any amendment or modification of defined terms used in the financial ratios in this Agreement or
waiver of post-default rates of interest shall not constitute a reduction in the rate of interest or fees for purposes of this
clause (i)) or extend the scheduled date of any payment thereof, or increase the amount or extend the expiration date of any Lender’s
Revolving Commitment, in each case without the written consent of each Lender directly and adversely affected thereby; (ii) eliminate
or reduce the voting rights of any Lender under this Section without the written consent of such Lender; (iii) amend the definition
of “Required Lenders”, “Required Revolving Credit Lenders” or “Revolving Term Loan Lenders”,
consent to the assignment or transfer by the Borrower of any of its rights and obligations under this Agreement and the other Loan
Documents, release all or substantially all of the Collateral or release all or substantially all of the Guarantors from their
obligations under the Guarantee and Collateral Agreement, in each case without the written consent of all Lenders; (iv) amend,
modify or waive any provision of clauses (a), (b) or (h) of Section 2.18 without the written consent
of each Lender directly and adversely affected thereby; (v) amend, modify or waive any provision of Section 9 without the
written consent of the Agents; (vi) amend, modify or waive any provision of Section 3 without the written consent of the
Issuing Lenders; (vii) amend, modify or waive any provision of Section 2.25(e) or 2.29(b) without the written consent
of each Lender directly and adversely affected thereby or (viii) amend the assignment provisions of Section 10.6(b) to make
such provisions more restrictive without the written consent of each Lender directly and adversely affected thereby; and, provided,
further, that (x) any waiver of any payment to be applied pursuant to Section 2.18(g) to, and any modification of the application
of any such payment to (A) the Term Loans shall require the consent of the Majority Facility Lenders in respect of the Term Facility
and (B) the Revolving Loans shall require the consent of the Majority Facility Lenders in respect of the Revolving Facility and
(y) no amendment or waiver shall, unless signed by the Majority Facility Lenders in respect of the Revolving Facility (or by the
Administrative Agent with the consent of the Majority Facility Lenders in respect of the Revolving Facility) in addition to the
Required Lenders (or by the Administrative Agent with the consent of the Required Lenders) (A) amend or waive compliance with the
conditions precedent to the obligations of any Revolving Lender to make any Revolving Loan (or of any Issuing Lender to issue any
Letter of Credit) in Section 5.2, (B) amend or waive compliance with any provision of Sections 2.4, 2.5, 2.10,
2.18(h) or 2.18(i) (to the extent pertaining to Revolving Loans) or Section 3, (C) amend or waive this
clause (y) or (D) waive any Default or Event of Default for the purpose of satisfying the conditions precedent to the obligations
of the Revolving Lenders to make Revolving Loans (or of the Issuing Lender to Issue any Letter of Credit) in Section 5.2.

 

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Notwithstanding the foregoing, only the
Required Revolving Credit Lenders shall have the ability to waive, amend, supplement or modify the Financial Condition Covenant
(or the defined terms to the extent used therein but not as used in any other Section of this Agreement) or Sections 7.1
or 8.1 (solely as it relates to the Financial Condition Covenant).

 

Notwithstanding anything herein to the
contrary, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any
amendment, waiver or consent which by its terms requires the consent of all the Lenders or each affected Lender may be effected
with the consent of the applicable Lenders other than Defaulting Lenders), except that (x) the Commitment of any Defaulting
Lender may not be increased or extended, or the maturity of any of its Loan may not be extended, the rate of interest on any of
its Loans may not be reduced and the principal amount of any of its Loans may not be forgiven, in each case without the consent
of such Defaulting Lender and (y) any amendment, waiver or consent requiring the consent of all the Lenders or each affected
Lender that by its terms affects any Defaulting Lender more adversely than the other affected Lenders shall require the consent
of such Defaulting Lender.

 

(b)       Each
waiver or consent under any Loan Document shall be effective only in the specific instance and for the specific purpose for which
it was given. No notice to or demand on any Loan Party shall entitle any Loan Party to any notice or demand in the same, similar
or other circumstances. No failure on the part of any Secured 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 such right preclude any other or further exercise
thereof or the exercise of any other right.

 

(c)       Any
such waiver and any such amendment, supplement or modification shall apply equally 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, 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 unless limited by the terms of such waiver,
but no such waiver shall extend to any subsequent or other Default or Event of Default, or impair any right consequent on any such
subsequent or other Default or Event of Default.

 

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(d)       In
addition, notwithstanding anything in this Section to the contrary, if the Administrative Agent and the Borrower shall have jointly
identified an obvious error or any error or omission of a technical nature, in each case, in any provision of the Loan Documents,
then the Administrative Agent and the Borrower shall be permitted to amend such provision, and, in each case, such amendment shall
become effective without any further action or consent of any other party to any Loan Document if the same is not objected to in
writing by the Required Lenders to the Administrative Agent within ten Business Days following receipt of notice thereof.

 

10.2       Notices.

 

(a)       Except
in the case of notices and other communications expressly permitted to be given by telephone (and subject to paragraph (b)
below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight
courier service, mailed by certified or registered mail or sent by telecopy, as follows:

 

	Holdings:	Atlantic Aviation FBO Holdings LLC
	 	5201 Tennyson Parkway, Suite 150
	 	Plano, TX 75024
	 	Telephone: (972) 905-2500
	 	Fax: (972) 767-3514
	 	Attn: James May
	 	 
	 	with copies (which shall not constitute notice) to:
	 	 
	 	Macquarie Infrastructure Corporation
	 	125 West 55th Street, 15th Floor
	 	New York, New York 10019
	 	Telephone:  (212) 231-1216
	 	Fax:  (212) 231-1828
	 	Attn:  Michael Kernan
	 	 
	Borrower:	Atlantic Aviation FBO Inc.
	 	5201 Tennyson Parkway, Suite 150
	 	Plano, TX 75024
	 	Telephone: (972) 905-2500
	 	Fax: (972) 767-3514
	 	Attn: James May, CFO
	 	 
	 	with copies (which shall not constitute notice) to:
	 	 
	 	Macquarie Infrastructure Corporation
	 	125 West 55th Street, 15th Floor
	 	New York, New York 10019 
	 	Telephone:  (212) 231-1216
	 	Fax:  (212) 231-1828
	 	Attn:  Michael Kernan

 

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	Administrative Agent, Collateral Agent:	JPMorgan Chase Bank, N.A.
	 	10 South Dearborn Street
	 	Chicago, IL 60603
	 	Telephone:  (312) 385-7084
	 	Fax:  (844) 490-5663
	 	Attn:  Nanette Wilson
	 	Email:  jpm.agency.cri@jpmchase.com
	 	 
	 	In the case of updates to the DQ List:
	 	 
	 	Email:  JPMDQ_Contact@jpmorgan.com
	 	 
	Issuing Lender:	JPMorgan Chase Bank, N.A.
	 	10 South Dearborn
	 	Chicago, IL 60603
	 	Attention: Letter of Credit Team
	 	Telephone: 855-609-9959
	 	E-mail: chicago.lc.agency.activity.team@jpmchase.com
	 	 
	Issuing Lender:	Bank of America, N.A.
	 	1 Fleet Way
	 	Scranton, PA 18507
	 	Attention: Letter of Credit Department
	 	Telephone: 800-370-7519
	 	E-mail: Scranton_standby_lc@bankofamerica.com
	 	 
	Issuing Lender:	Compass Bank dba BBVA Compass
	 	8333 Douglas Ave., 2nd Floor
	 	Dallas, TX 75225
	 	Attention: Carleeta Cornett
	 	Telephone: 866-984-8668
	 	E-mail: ldfclargemiddlemarket.group@bbva.com
	 	 
	Issuing Lender:	Regions Bank
	 	1045 Providence Rd.
	 	Suite 200
	 	Charlotte, NC 28207
	 	Attention: Jerry Wells
	 	Telephone: 704-342-6954
	 	E-mail: jerry.wells@regions.com
	 	 
	Issuing Lender:	Wells Fargo Bank, N.A.
	 	301 S. College Street, 14th Floor
	 	Charlotte, NC 28202
	 	Attention: Mark B. Felker
	 	Telephone:  704.374.7074
	 	E-mail: mark.felker@wellsfargo.com

 

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provided that any notice, request
or demand to or upon the Agents, the Lenders, Holdings or the Borrower shall not be effective until received.

 

Notices sent by hand
or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices
sent by facsimile shall be deemed to have been given when sent (except that, if not given during normal business hours for the
recipient, shall be deemed to have been given at the opening of business on the next business day for the recipient). Notices delivered
through Approved Electronic Platforms, to the extent provided in paragraph (b) below, shall be effective as provided
in said paragraph (b).

 

(b)       Notices and other
communications to the Lenders and the Issuing Lenders hereunder may be delivered or furnished by using Approved Electronic Platforms
pursuant to procedures approved by the Administrative Agent; provided that the foregoing shall not apply to notices pursuant
to Section 2 unless otherwise agreed by the Administrative Agent and the applicable Lender. 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.

 

(c)       Unless the Administrative
Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the
sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested”
function, as available, return e-mail or other written acknowledgement), and (ii) notices or communications posted to an Internet
or intranet website shall be deemed received upon the deemed receipt by the intended recipient, at its e-mail address as described
in the foregoing clause (i), of notification that such notice or communication is available and identifying the website address
therefor; provided that, for both clauses (i) and (ii) above, if such notice, email or other communication
is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at
the opening of business on the next business day for the recipient.

 

(d)       Any party hereto
may change its address or telecopy number for notices and other communications hereunder by notice to the other parties hereto.

 

10.3       No
Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of any Agent or any Lender, 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. 

 

10.4       Survival
of Representations and Warranties. All representations and warranties made hereunder, in the other Loan Documents and in any
document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery
of this Agreement and the making of the Loans and other extensions of credit hereunder. 

 

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10.5       Payment
of Expenses; Indemnification; Limitation of Liability. (a) The Borrower agrees (i) to pay or reimburse each Agent and the Lead
Arrangers for all their respective reasonable and documented and invoiced out-of-pocket costs and expenses incurred in connection
with the syndication of the Facilities (other than fees payable to syndicate members) and the development, preparation, execution
and delivery of this Agreement and the other Loan Documents and any other documents prepared in connection herewith or therewith
and any amendment, supplement or modification thereto, and, as to the Agents only, the administration of the transactions contemplated
hereby and thereby, including, without limitation, charges of electronic loan administration platforms and the reasonable and documented
and invoiced fees and disbursements and other charges of counsel (including one primary counsel and such local counsel as the Agents
may reasonably require, but no more than one such counsel in any jurisdiction, special counsel and, in the case of any actual or
perceived conflict of interest (as determined by the applicable Agent or Lead Arranger) separate counsel to such Agent or Lead
Arranger) in connection with all of the foregoing, (ii) to pay or reimburse each Lender, each Issuing Lender, the Agents and the
Lead Arrangers for all their documented and invoiced out-of-pocket costs and expenses incurred in connection with the enforcement
of any rights under this Agreement, the other Loan Documents and any such other documents, including the fees and disbursements
of one primary counsel for the Agents, Lenders, Issuing Lenders and Lead Arrangers, other advisors and professionals engaged by
the Agents or the Lead Arrangers in connection with enforcement proceedings, local counsel as reasonably required, but no more
than one such counsel in any jurisdiction, special counsel and, in the case of any actual or perceived conflict of interest (as
determined by the applicable indemnified person) one separate counsel to such indemnified person, (iii) to pay, indemnify, or reimburse
each Lender, each Issuing Lender and the Agents for, and hold each Lender, each Issuing Lender 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, stamp, excise
and similar other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery
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
(iv) to pay, indemnify or reimburse each Lender, each Issuing Lender, each Agent, the Lead Arrangers and their respective Affiliates,
and their respective officers, directors, partners, trustees, employees, advisors, agents, controlling Persons and representatives
of the foregoing (each, an “Indemnitee”) for, and hold each Indemnitee harmless from and against any and all
other liabilities, claims, obligations, losses, damages, penalties, costs, expenses or disbursements arising out of any actions,
judgments or suits of any kind or nature whatsoever, arising out of or in connection with any actual or prospective claim, litigation
action or proceeding (including any investigation of, preparation for, or defense of any pending or threatened claim, action or
proceeding) relating to or otherwise with respect to the execution, delivery, enforcement, performance and administration of this
Agreement, the other Loan Documents and any such other documents, including, without limitation, any of the foregoing relating
to the making of any Loan, the use of proceeds of the Loans or the violation of, noncompliance with or liability under, any Environmental
Law applicable to, or any Environmental Claims related to, the operations of Holdings, the Borrower, any of their respective Subsidiaries
or any of the Properties and the fees and disbursements and other charges of legal counsel (including one primary counsel and such
local counsel as reasonably required, but no more than one such counsel in any jurisdiction, special counsel and, in the case of
any actual or perceived conflict of interest (as determined by the applicable Agent or Lead Arranger) separate counsel to such
Agent or Lead Arranger) for any Indemnitee in connection therewith (all the foregoing in this clause (iv), collectively, the “Indemnified
Liabilities”) regardless of whether such Indemnitee is a party thereto, and whether or not any such claim, litigation,
investigation or proceeding is brought by the Borrower, its equity holders, its respective Affiliates, its respective creditors
or any other Person; provided that neither Holdings nor the Borrower shall have any obligation hereunder to any Indemnitee
with respect to Indemnified Liabilities to the extent such Indemnified Liabilities have resulted (A) from such Indemnitee’s
or, to the extent controlled or acting at the direction such Indemnitee, any of its Related Parties’ own gross negligence,
willful misconduct or own material breach of any obligations hereunder, in each case, as determined in a final non-appealable judgment
of a court of competent jurisdiction or (B) out of or in connection with any claim, litigation, investigation or proceeding that
does not involve an act or omission by Holdings or the Borrower or any of their respective Subsidiaries and that is brought by
an Indemnitee against any other Indemnitee (other than disputes involving claims against the Agents or Lead Arrangers, in their
capacities as such). All amounts due under this Section shall be payable promptly after receipt of a reasonably detailed invoice
therefor. Statements payable by the Borrower pursuant to this Section shall be submitted to the Borrower at the address thereof
set forth in Section 10.2, or to such other Person or address as may be hereafter designated by the Borrower in a written
notice to the Administrative Agent. The agreements in this Section shall survive repayment of the Obligations. 

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(b)       To
the fullest extent permitted by applicable Law, the parties hereto shall not assert, and hereby waive, any claim against any other
Person, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages)
arising out of, in connection with, or as a result of, any Loan Document or any other document contemplated thereby, the Transactions
contemplated thereby, any Commitment or any extension of credit, the use thereof or of the proceeds thereof or such Person’s
activities in connection therewith (whether before or after the Closing Date); provided that such waiver of special, indirect,
consequential or punitive damages shall not limit the indemnification obligations of the Borrower under this Section 10.5.

 

10.6       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 (including any Affiliate of any Issuing Lender
that issues any Letter of Credit), except that (i) the Borrower may 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 this Section. 

 

(b)       (i)
Subject to the conditions set forth in clauses (b)(ii) and (c) below, any Lender may assign to one or more assignees
other than a natural person, Holdings, or the Borrower or any of their respective Affiliates and Subsidiaries subject to Section
10.6(c) or a Defaulting Lender, or, subject to Section 10.6(l), a Disqualified Institution (each, an “Assignee”),
all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitments and the Loans
at the time owing to it) with the prior written consent (such consent not to be unreasonably withheld or delayed) of:

 

(A)       the
Borrower; provided that no consent of the Borrower shall be required (x) for an assignment to a Lender, an Affiliate of
a Lender, an Approved Fund (as defined below) or if an Event of Default has occurred in respect of Sections 8.1(a) or 8.1(f)
and is then continuing, any other Person; or (y) in connection with the primary syndication of the Term Loan Facility hereunder;
provided, further, that the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto
by written notice to the Administrative Agent within 5 Business Days after having received notice thereof;

 

(B)       the
Administrative Agent; provided that no consent of the Administrative Agent shall be required for an assignment to a Lender,
an Affiliate of a Lender or an Approved Fund (provided that the Administrative Agent shall acknowledge any such assignment);
and

 

(C)       in
the case of an assignment under the Revolving Facility, the Administrative Agent and each Issuing Lender;

 

Any such assignment by any Lender need
not be ratable as among the Facilities.

 

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(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 (I) the date the Assignment and Assumption with respect to such assignment
is delivered to the Administrative Agent or (II) if earlier, the “trade date” (if any) specified in such Assignment
and Assumption) shall not be less than $5,000,000 in the case of any assignment in respect of the Revolving Facility, or $1,000,000
in the case of any assignment in respect of the Term Facility, 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 has occurred and is then 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 (x) an Assignment and Assumption or (y) to the
extent applicable, an agreement incorporating an Assignment and Assumption by reference pursuant to an Approved Electronic Platform
as to which the Administrative Agent and the parties to the Assignment and Assumption are participants, together with a processing
and recordation fee of $3,500 (which shall not be payable by Holdings or any of its Affiliates or by the Lead Arrangers); provided
that only one such fee shall be payable in the case of contemporaneous assignments to or by two or more related Approved Funds;
and

 

(C)       the
Assignee, unless the Assignee shall already be a Lender hereunder, shall deliver to the Administrative Agent an administrative
questionnaire.

 

For the purposes of this
Section, “Approved Fund” means any 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 (x) a Lender, (y) an Affiliate
of a Lender or (z) (1) an entity or an Affiliate of an entity that administers or manages a Lender or (2) an entity or an Affiliate
of an entity that is the investment advisor to a Lender.

 

(iii)       Subject
to acceptance and recording thereof pursuant to clause (b)(iv) below, from and after the effective date specified in each
Assignment and Assumption the Assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment
and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to
the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and,
in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement,
such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.19, 2.20,
2.21 and 10.5). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not
comply with this Section shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights
and obligations in accordance with clause (c) of this Section.

 

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(iv)       (i)
The Administrative Agent, acting as agent of the Borrower solely for tax purposes and solely with respect to the actions described
in this Section 10.6(b) and Section 2.8, shall establish and maintain at its address referred to in Section 10.2
(or at such other address as the Administrative Agent may notify the Borrower) (A) a record of ownership (the “Register”)
in which the Administrative Agent agrees to register by book entry the interests (including any rights to receive payment hereunder)
of the Administrative Agent and each Lender in the Obligations, each of their obligations under this Agreement to participate in
each Loan and any assignment of any such interest, obligation or right and (B) accounts in the applicable Register in accordance
with its usual practice in which it shall record (1) the names and addresses of the Lenders and the Issuing Lenders, as applicable
(and each change thereto pursuant to Section 2.24 and Section 10.6), (2) the Commitments of each applicable Lender,
(3) the amount of each Loan and each funding of any participation described in clause (A) above, for Eurodollar Loans, the Interest
Period applicable thereto, (4) the amount of any principal or interest due and payable or paid with respect to Loans recorded in
the applicable Register, (5) the amount of the Reimbursement Obligations due and payable or paid and (6) any other payment received
by the Administrative Agent from the Borrower and its application to the Obligations.

 

(v)       Upon
its receipt of a duly completed Assignment and Assumption executed by an 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 clause (b) of this Section and any written consent to such assignment required by clause (b) of
this Section, the Administrative Agent shall accept such Assignment and Assumption and record the information contained therein
in the Register. No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as
provided in this clause (v).

 

(c)       (i)
Notwithstanding anything else to the contrary contained in this Agreement and subject to the prior written consent of the Borrower
in its sole discretion, (A) any Lender may assign all or a portion of its Term Loans to any Person who, after giving effect to
such assignment, would be an Affiliated Lender or a Purchasing Borrower Party in accordance with Section 10.6(b) and (B)
a Purchasing Borrower Party may, from time to time, purchase or prepay Term Loans on a non-pro rata basis through 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:

 

(ii)       no
Default or Event of Default has occurred and is then continuing or would result therefrom;

 

(iii)      the
assigning Lender and Affiliated Lender or Purchasing Borrower Party purchasing such Lender’s Term Loans, as applicable, shall
execute and deliver to the Administrative Agent an Affiliated Lender Assignment and Assumption in lieu of an Assignment and Assumption;

 

(iv)       for
the avoidance of doubt, Lenders shall not be permitted to assign Revolving Commitments or Revolving Loans to any Affiliated Lender
or Purchasing Borrower Party (including Holdings, the Borrower or any of their respective Subsidiaries not acting as Purchasing
Borrower Party);

 

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(v)       any
Term Loans assigned to any Purchasing Borrower Party (or purchased or prepaid by Holdings, the Borrower or any Restricted Subsidiary)
acting in accordance with this Section 10.6(c) shall be automatically and permanently cancelled upon the effectiveness of
such assignment and will thereafter no longer be outstanding for any purpose hereunder;

 

(vi)       no
Purchasing Borrower Party (including Holdings, the Borrower and any Restricted Subsidiary acting as a Purchasing Borrower Party)
may use the proceeds from Revolving Loans to purchase any Term Loans;

 

(vii)      no
Term Loan may be assigned to (x) except as set forth in clause (k) below, an Affiliated Lender pursuant to this Section 10.6(c),
if after giving effect to such assignment, Affiliated Lenders together in the aggregate would own in excess of 20% of the aggregate
principal amount of the Term Loans then outstanding and any assignments to Affiliated Lenders that would cause the Affiliated Lenders
in the aggregate to hold in excess of 20% of the aggregate principal amount of the Term Loans then outstanding shall be deemed
void ab initio and the Register shall be modified to reflect a reversal of such assignment and (y) a Purchasing Borrower
Party pursuant to this Section 10.6(c), if after giving effect to such assignment, Purchasing Borrower Parties together
in the aggregate would own in excess of 25% of the aggregate principal amount of the Term Loans then outstanding, and any assignments
to Purchasing Borrower Parties that would cause the Purchasing Borrower Parties in the aggregate to hold in excess of 25% of the
aggregate principal amount of the Term Loans then outstanding shall be deemed void ab initio and the Register shall be modified
to reflect a reversal of such assignment; and

 

(viii)       such
Affiliated Lender or Purchasing Borrower Party represents and warrants that it is not in possession of material non-public information
within the meaning of the United States federal securities laws with respect to Holdings, the Borrower or Subsidiary, or the respective
securities of any of the foregoing, at the time of such purchase that has not been disclosed to the Lenders (other than Lenders
that do not wish to receive material non-public information with respect to Holdings, the Borrower or any Subsidiary) prior to
such time.

 

(d)       Notwithstanding
anything to the contrary in this Agreement, no Affiliated Lender shall have any right to (I) 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, (II) 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 any Loan Party or its representatives (and in any case, other than the right to receive notices of prepayments and
other administrative notices in respect of its Loans required to be delivered to Lenders) or (III) make or bring (or participate
in, other than as a passive Participant in or Recipient of its pro rata benefits of) any claim, in its capacity as a Lender,
against the Administrative Agent, the Collateral Agent or any other Lender with respect to any duties or obligations or alleged
duties or obligations of such Agent or any other such Lender under the Loan Documents.

 

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(e)       Notwithstanding
anything in Section 10.1 or the definition of “Required Lenders” to the contrary, for purposes of determining
whether the “Required Lenders” have (i) consented (or not consented) to any amendment, 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, the 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 any Affiliated Lender shall be deemed to have voted in the same proportion as the allocation of voting with respect to
such matter by Lenders who are not Affiliated Lenders for all purposes of calculating whether the Required Lenders have taken any
actions; provided that this clause (e) shall not apply with respect to any amendment, modification, waiver or consent (A)
described in clauses (i) – (iv), (vii) and (viii) of Section 10.1(a) (which, for the avoidance of doubt, such Affiliated
Lender would not be permitted to vote on (x) any change to the component definitions of the Consolidated Total Leverage Ratio or
(y) any amendment, modification, waiver or consent with respect to Section 7.9) or (B) that disproportionately, directly
and adversely affects such Affiliated Lender.

 

(f)       Each
Affiliated Lender hereby agrees that if a case under Title 11 of the United States Code is commenced against any Loan Party, each
such Affiliated Lender shall consent to provide that the vote of such Affiliated Lender (in its capacity as a Lender) with respect
to any plan of reorganization of such Loan Party shall be deemed to have voted in the same proportion as the allocation of voting
with respect to such matter by Lenders who are not Affiliated Lenders, except that such Affiliated Lender’s vote (in its
capacity as a Lender) may be counted to the extent any such plan of reorganization proposes to treat the Obligations held by such
Affiliated Lender in a manner that is less favorable in any respect to such Affiliated Lender than the proposed treatment of similar
Obligations held by Lenders that are not Affiliates of the Borrower. Each Affiliated Lender 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, 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 clause (f).

 

(g)       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 number of Affiliated Lenders or the aggregate amount of Term
Loans or Incremental Term Loans held by Affiliated Lenders.

 

(h)       Any
Lender may, without the consent of the Borrower (except as otherwise provided below) or the Administrative Agent sell participations
to one or more banks or other entities (a “Participant”), but in any event not to Holdings, the Borrower or
any of their respective Affiliates or Subsidiaries, a Person that the Administrative Agent has identified in a notice to the Lenders
as a Defaulting Lender, or, subject to Section 10.6(l), a Disqualified Institution, in all or a portion of such Lender’s
rights and obligations under this Agreement (including all or a portion of its 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) the Borrower, the Administrative Agent, the Issuing Lenders
and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights
and obligations under this Agreement and (D) any sale of a participation to an Affiliated Lender shall be subject to the prior
written consent of the Borrower in its sole discretion. 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, 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, modification or waiver that (1) requires the consent of each Lender directly and adversely
affected thereby pursuant to the proviso to the second sentence of Section 10.1 and (2) directly affects such Participant.
Subject to clause (h)(i) of this Section, the Borrower agree that each Participant shall be entitled to the benefits of
Sections 2.19, 2.20 and 2.21 to the same extent as if it were a Lender and had acquired its interest by assignment
pursuant to clause (b) of this Section.

 

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(i)       A
Participant shall not be entitled to receive any greater payment under Section 2.19 or 2.20 than the applicable Lender
would have been entitled to receive with respect to the participation sold to such Participant except to the extent such entitlement
to receive any greater payment results from a change in law that occurs after the Participant acquired the applicable Participation
or, unless the sale of the participation to such Participant is made with the Borrower’ prior written consent. No Participant
shall be entitled to the benefits of Section 2.20 unless such Participant complies with Section 2.20(f), as
(and to the extent) applicable, as if such Participant were a Lender. To the extent permitted by law, each Participant also shall
be entitled to the benefits of Section 10.7(b) as though it were a Lender; provided that such Participant agrees to be subject
to Section 10.7(a) as though it were a Lender

 

(ii)       Each
Lender that sells a participation shall, acting 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 or other obligations under the Loan Documents (the “Participant Register”); provided
that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of
any Participant or any information relating to a Participant's interest in any commitments, loans, letters of credit or its other
obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such
commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury
Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each
Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement
notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative
Agent) shall have no responsibility for maintaining a Participant Register.

 

(i)       Any
Lender may, without the consent of or notice to the Administrative Agent or the Borrower (except as set forth below), 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 (i) a Federal Reserve Bank or other central bank or (ii) any holder
of, or trustee for the benefit of the holders of, such Lender’s Capital Stock, voting trust certificates, bonds, debentures,
instruments and other evidence of Indebtedness, and all warrants, options and other rights to acquire the foregoing, and this Section
shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a
security interest shall release a Lender from any of its obligations hereunder or substitute any such pledgee or Assignee for such
Lender as a party hereto; provided, further that any such pledge or assignment of a security interest to an Affiliated Lender
is subject to the prior written consent of the Borrower in its sole discretion. The Borrower, upon receipt of written notice from
the relevant Lender, agree to issue Notes to any Lender requiring Notes to facilitate transactions of the type described in this
clause (i).

 

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(j)       In
connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective
unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional
payments to the Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be
outright payment, purchases by the assignee of participations or sub-participations, or other compensating actions, including funding,
with the consent of the Borrower and the Administrative Agent, the applicable ratable share of Loans previously requested but not
funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (x) pay
and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent, each Issuing Lender
and each other Lender hereunder (and interest accrued thereon), and (y) acquire (and fund as appropriate) its full ratable
share of all Loans and participations in Letters of Credit in accordance with its Revolving Percentage; provided that, notwithstanding
the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective
under applicable Law without compliance with the provisions of this clause (j), then the assignee of such interest shall
be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs.

 

(k)       Notwithstanding
anything to the contrary herein, no assignment or participation may be made to Macquarie Group Limited or any Subsidiary or Affiliate
thereof (including without limitation any fund managed or controlled thereby or any investment scheme or similar vehicle or separate
managed account related thereto), except with the prior written consent of the Borrower in its sole discretion.

 

(l)       Disqualified
Institutions. (i) No assignment or participation shall be made to any Person that was a Disqualified Institution as of the
date (the “Trade Date”) on which the applicable Lender entered into a binding agreement to sell and assign or
participate all or a portion of its rights and obligations under this Agreement to such Person (unless the Borrower has consented
to such assignment as otherwise contemplated by this Section 10.6, in which case such Person will not be considered a Disqualified
Institution for the purpose of such assignment). For the avoidance of doubt, with respect to any assignee or participant that becomes
a Disqualified Institution after the applicable Trade Date (including as a result of the delivery of a notice pursuant to, and/or
the expiration of the notice period referred to in, the definition of “Disqualified Institution”), (x) such assignee
shall not retroactively be disqualified from becoming a Lender or participant and (y) the execution by the Borrower of an Assignment
and Assumption with respect to such assignee will not by itself result in such assignee no longer being considered a Disqualified
Institution. Any assignment in violation of this clause (l)(i) shall not be void, but the other provisions of this clause
(l) shall apply.

 

(ii)       If
any assignment is made to any Disqualified Institution without the Borrower’s prior consent in violation of clause (i) above,
or if any Person becomes a Disqualified Institution after the applicable Trade Date, the Borrower may, at its sole expense and
effort, upon notice to the applicable Disqualified Institution and the Administrative Agent, (A) terminate any Revolving Commitment
of such Disqualified Institution and repay all obligations of the Borrower owing to such Disqualified Institution in connection
with such Revolving Commitment, (B) in the case of outstanding Term Loans held by Disqualified Institutions, prepay such Term Loan
by paying the lesser of (x) the principal amount thereof and (y) the amount that such Disqualified Institution paid to acquire
such Term Loans, in each case plus accrued interest, accrued fees and all other amounts (other than principal amounts) payable
to it hereunder and under the other Loan Documents and/or (C) require such Disqualified Institution to assign and delegate, without
recourse (in accordance with and subject to the restrictions contained in this Section 10.6), all of its interest, rights
and obligations under this Agreement and related Loan Documents to an Assignee that shall assume such obligations at the lesser
of (x) the principal amount thereof and (y) the amount that such Disqualified Institution paid to acquire such interests, rights
and obligations, in each case plus accrued interest, accrued fees and all other amounts (other than principal amounts) payable
to it hereunder and other the other Loan Documents; provided that (i) the Borrower shall have paid to the Administrative
Agent the assignment fee (if any) specified in Section 10.6(b)(ii)(B), (ii) such assignment does not conflict with applicable
Laws and (iii) in the case of clause (B), the Borrower shall not use the proceeds from any Loans to prepay Term Loans held
by Disqualified Institutions.

 

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(iii)       Notwithstanding
anything to the contrary contained in this Agreement, Disqualified Institutions (A) will not (x) have the right to receive information,
reports or other materials provided to Lenders by the Borrower, the Administrative Agent or any other Lender, (y) attend or participate
in meetings attended by the Lenders and the Administrative Agent, or (z) access any electronic site established for the Lenders
or confidential communications from counsel to or financial advisors of the Administrative Agent or the Lenders and (B) (x) for
purposes of any consent to any amendment, waiver or modification of, or any action under, and for the purpose of any direction
to the Administrative Agent or any Lender to undertake any action (or refrain from taking any action) under this Agreement or any
other Loan Document, each Disqualified Institution will be deemed to have consented in the same proportion as the Lenders that
are not Disqualified Institutions consented to such matter, and (y) for purposes of voting on any plan of reorganization or plan
of liquidation pursuant to any Debtor Relief Laws (“Plan of Reorganization”), each Disqualified Institution
party hereto hereby agrees (1) not to vote on such Plan of Reorganization, (2) if such Disqualified Institution does vote on such
Plan of Reorganization notwithstanding the restriction in the foregoing clause (1), such vote will be deemed not to be in good
faith and shall be “designated” pursuant to Section 1126(e) of the Bankruptcy Code (or any similar provision in any
other Debtor Relief Laws), and such vote shall not be counted in determining whether the applicable class has accepted or rejected
such Plan of Reorganization in accordance with Section 1126(c) of the Bankruptcy Code (or any similar provision in any other Debtor
Relief Laws) and (3) not to contest any request by any party for a determination by the Bankruptcy Court (or other applicable court
of competent jurisdiction) effectuating the foregoing clause (2).

 

(iv)       The
Administrative Agent shall have the right, and the Borrower hereby expressly authorizes the Administrative Agent, to provide the
list of Disqualified Institutions provided by the Borrower and any updates thereto from time to time (collectively, the “DQ
List”) to each Lender requesting the same.

 

10.7       Adjustments;
Set-off. (a) Except to the extent that this Agreement provides for payments to be allocated to a particular Lender or to the
Lenders under a particular Facility, if any Lender (a “Benefited Lender”) shall at any time receive any payment
of all or part of the Obligations owing to it, or receive any collateral in respect thereof (whether voluntarily or involuntarily,
by setoff, pursuant to events or proceedings of the nature referred to in Section 8.1(f), or otherwise), other than in connection
with assignments hereunder, 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 Obligations, such Benefited Lender shall purchase for cash from the other Lenders a participating
interest in such portion of each such other Lender’s Obligations, or shall provide such other Lenders with the benefits of
any such collateral, as shall be necessary to cause such Benefited Lender to share the excess payment or benefits of such collateral
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 any amount becoming
due and payable by the Borrower hereunder (whether at the stated maturity, by acceleration or otherwise) after the expiration of
any cure or grace periods, to set off and appropriate and apply against such amount any and all deposits (general or special, time
or demand, provisional or final but excluding trust accounts, employee benefit accounts, payroll, petty cash, tax and withholding
accounts and the like), 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; provided that in the event that any Defaulting Lender shall exercise
any such right of setoff, (i) all amounts so set off shall be paid over immediately to the Administrative Agent for further
application in accordance with the provisions of Section 2.23 and, pending such payment, shall be segregated by such
Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent, the Issuing Lenders
and the Lenders and (ii) such Defaulting Lender shall provide promptly to the Administrative Agent a statement describing
in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. Each Lender
agrees promptly to notify the Borrower and the Administrative Agent after any such setoff and application made by such Lender;
provided that the failure to give such notice shall not affect the validity of such setoff and application.

 

10.8        Counterparts.
This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts, and all
of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature
page of this Agreement by facsimile transmission or by electronic mail in “portable document format” shall be effective
as delivery of a manually executed counterpart hereof. A set of the copies of this Agreement signed by all the parties shall be
lodged with the Borrower and the Administrative Agent. 

 

10.9        Severability.
Any provision of this Agreement that 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.
Without limiting the foregoing provisions of this Section, if and to the extent that the enforceability of any provision of this
Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the Administrative
Agent or any Issuing Lender, as applicable, then such provision shall be deemed to be in effect only to the extent not so limited. 

 

10.10       Integration.
This Agreement and the other Loan Documents represent the entire agreement of Holdings, the Borrower, the Agents and the Lenders
with respect to the subject matter hereof and thereof. 

 

10.11       GOVERNING
LAW. THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED
AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

 

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10.12     Submission
to Jurisdiction; Waivers. Each party hereto hereby irrevocably and unconditionally: 

 

(a)       agrees
that it will not commence any action, litigation or proceeding of any kind or description, whether in law or equity, whether in
contract or tort or otherwise, against the Administrative Agent, any Lender or any Issuing Lender, any Related Party of any of
the foregoing, in any way relating to this Agreement or any other Loan Document or the Transactions relating hereto or thereto,
in a forum other than the courts of the State of New York sitting in New York County, or of the United States District Court of
the Southern District of New York, and each of the parties hereto irrevocably and unconditionally submits to the exclusive jurisdiction
of such courts and agrees that all claims in respect of any such action, litigation or proceeding may be heard and determined in
such New York State court or, to the fullest extent permitted by applicable Law, in such Federal court. Each of the parties hereto
agrees that a final judgment in any such action, litigation or proceeding shall be conclusive and may be enforced in other jurisdictions
by suit on the judgment or in any other manner provided by Law. Nothing in this Agreement or in any other Loan Document shall affect
any right that the Administrative Agent, the Collateral Agent, any Lender or any Issuing Lender may otherwise have to bring any
action or proceeding relating to this Agreement or any other Loan Document against the Borrower or its properties in the courts
of any jurisdiction;

 

(b)       waives,
to the fullest extent permitted by applicable Law, any objection that it may now or hereafter have to the laying of venue of any
action or proceeding arising out of or relating to this Agreement or any other Loan Document in any court referred to in clause (a)
of this Section. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by applicable Law, the defense
of an inconvenient forum to the maintenance of such action or proceeding in any such court;

 

(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 it at its address set forth in Section 10.2 or at such
other address of which the Administrative Agent 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 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 Section any special, exemplary, punitive or consequential damages; provided, however, that this Section 10.12(e)
shall not limit indemnification obligations to third parties under Section 10.5.

 

10.13      Acknowledgments.
Each of Holdings and 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;

 

    	146

     

    

 

(b)       (i)
neither the Agents nor any Lender has any fiduciary relationship with or duty to either of Holdings or the Borrower arising out
of or in connection with this Agreement or any of the other Loan Documents; (ii) the relationship between the Agents and Lenders,
on one hand, and Holdings and the Borrower, on the other hand, in connection herewith or therewith is solely that of debtor and
creditor; and (iii) it hereby waives, to the fullest extent permitted by applicable law, any claims it may have against any Agent
or Lender in respect of any agency or fiduciary relationship claim; and

 

(c)       no
joint venture is created hereby or by the other Loan Documents or otherwise exists by virtue of the Transactions contemplated hereby
among the Lenders or among Holdings, the Borrower and the Lenders.

 

10.14      Confidentiality.
The Agents and the Lenders agree to treat any and all information, regardless of the medium or form of communication, that is disclosed,
provided or furnished, directly or indirectly, by or on behalf of Holdings or any of its Affiliates, whether in writing, orally,
by observation or otherwise and whether furnished before or after the Closing Date (“Confidential Information”),
strictly confidential and not to use Confidential Information for any purpose other than evaluating the Transactions and negotiating,
making available, syndicating and administering this Agreement (the “Agreed Purposes”). Notwithstanding the
foregoing, each Agent and each Lender shall be permitted to disclose Confidential Information (a) to its directors, officers, employees,
counsel, trustees, agents and other advisors and each of its Affiliates (collectively, the “Representatives”),
to the extent necessary to permit such Representatives to assist in connection with the Agreed Purposes, provided that such
Representatives are instructed to preserve the confidentiality of any Confidential Information, (b)(i) to prospective Lenders and
Participants in connection with the syndication or secondary trading of the Facilities and Commitments and Loans hereunder (and
it is understood and agreed that the DQ List may be provided to any such prospective Lender or Participant on a confidential basis
for the purpose of such prospective Lender or Participant to determine whether it satisfies the requirements to be an assignee
or Participant hereunder and to make any related representation included in the applicable Assignment and Assumption or participation
agreement), and (ii) any actual or prospective party (or its Related Parties) to any swap, derivative or other transaction under
which payments are to be made by reference to the Borrower and its obligations, this Agreement or payments hereunder, in each case
who are informed of the confidential nature of the information and agree to observe and be bound by standard confidentiality terms,
(c) upon the request or demand of any Governmental Authority having or purporting to have jurisdiction over it (in which case the
disclosing Agent or Lender agrees, to the extent practicable and not prohibited by applicable Requirement of Law, to inform the
Borrower promptly thereof prior to such disclosure), (d) in response to any order of any Governmental Authority or as may otherwise
be required pursuant to any Requirement of Law (in which case the disclosing Agent or Lender agrees, to the extent practicable
and not prohibited by applicable Requirement of Law, to inform the Borrower promptly thereof prior to such disclosure, other than
in connection with any routine regulatory examinations), (e) in connection with any litigation or similar proceeding relating to
the Facilities, (f) that has been publicly disclosed other than in breach of this Section, (g) to the National Association of Insurance
Commissioners or any similar organization or any nationally recognized rating agency that requires access to information about
a Lender’s investment portfolio in connection with ratings issued with respect to such Lender (in which case the disclosing
Agent or Lender agrees, to the extent practicable and not prohibited by applicable Requirement of Law, to inform the Borrower promptly
thereof prior to such disclosure), (h) to the extent necessary or customary for inclusion in league table measurements (in which
case, the disclosing Agent or Lender agrees to inform the Borrower promptly thereof prior to such disclosure), (i) to market data
collectors and service providers in connection with the administration of the credit facility (in which case the disclosing Agent
or Lender agrees to inform the Borrower promptly thereof prior to such disclosure), (j) to the extent reasonably required or necessary,
in connection with the exercise of any remedy under the Loan Documents or (k) with the Borrower’s consent. Each of the Administrative
Agent, the Lenders and the Issuing Lenders acknowledges that (a) the Confidential Information may include material non-public information
concerning Holdings, the Borrower or any of its Subsidiaries, as the case may be, (b) it has developed compliance procedures regarding
the use of material non-public information and (c) it will handle such material non-public information in accordance with applicable
Laws, including United States Federal securities laws. 

 

    	147

     

    

 

10.15       Release
of Collateral and Guarantee Obligations; Subordination of Liens. (a) Notwithstanding anything to the contrary contained herein
or in any other Loan Document, in connection with any Disposition permitted by the Loan Documents or permitted by the Required
Lenders, (i) the security interest in any Collateral being Disposed of in such Disposition shall be automatically released to the
extent that such Disposition does not (A) pertain to Capital Stock of the Borrower or any Subsidiary Guarantor or other Collateral
in the possession of the Collateral Agent or (B) involve the filing of amendments to or termination of any financing statement
or mortgage in favor of the Collateral Agent on behalf of the Secured Parties and (ii) upon the request of the Borrower, the Collateral
Agent shall (without notice to, or vote or consent of, any Lender, any Hedge Counterparty that is a party to any Specified Hedge
Agreement or any Cash Management Counterparty that is a party to any Cash Management Document or contingent or indemnification
obligations not then asserted or due) take such actions as shall be required to release its security interest in any Collateral
being Disposed of in such Disposition, and, in the event that all the Capital Stock of a Guarantor is being Disposed of in such
Disposition or if such Guarantor is being designated by the Borrower as an Unrestricted Subsidiary pursuant to Section 6.14,
to release any Guarantee Obligations under any Loan Document of any Person being Disposed of in such Disposition, to the extent
necessary to permit consummation of such Disposition in accordance with the Loan Documents (including, without limitation, returning
any Capital Stock that is so Disposed of and that is in possession of the Collateral Agent and delivering, or authorizing the filing
of, amendments or terminations of any financing statements or mortgages in favor of the Collateral Agent covering the Collateral
so Disposed of). Any representation, warranty or covenant contained in any Loan Document relating to any such Property so Disposed
of (other than Property Disposed of to the Borrower or any of its respective Subsidiaries) shall no longer be deemed to be repeated
once such Property is so Disposed of. Notwithstanding anything to the contrary contained herein or in any other Loan Document,
in connection with any Indebtedness or Lien permitted to be incurred by the Loan Documents or permitted by the Required Lenders,
the Collateral Agent shall (without notice to, or vote or consent of, any Lender, any Hedge Counterparty that is a party to any
Specified Hedge Agreement or any Cash Management Counterparty that is a party to any Cash Management Document) deliver or authorize
the filing of an amendment to any financing statement in favor of the Collateral Agent covering the Collateral to the extent necessary
to permit the incurrence of such Indebtedness or Lien and to the extent deemed reasonably necessary by each of the Collateral Agent
and the Borrower; provided that such amendment shall not materially detract from the value of the Collateral. 

 

(b)       Notwithstanding
anything to the contrary contained herein or any other Loan Document, when all Obligations (other than (i) obligations in respect
of any Specified Hedge Agreement or Cash Management Document and (ii) any contingent or indemnification obligations not then asserted
or due) have been paid in full, all Commitments have terminated or expired and no Letter of Credit shall be outstanding that is
not Cash Collateralized or backstopped, the security interest in the Collateral and the Guarantee Obligations under the Loan Document
shall be automatically released and, upon request of the Borrower, the Collateral Agent shall (without notice to, or vote or consent
of, any Lender, or any Affiliate of any Lender that is a party to any Specified Hedge Agreement or Cash Management Document) take
such actions as shall be required to evidence the release of its security interest in all Collateral, and the release of all Guarantee
Obligations under any Loan Document (including delivering or authorizing the filing of amendments or terminations of any financing
statements or mortgages in favor of the Collateral Agent covering the Collateral), whether or not on the date of such release there
may be outstanding Obligations in respect of Specified Hedge Agreements or Cash Management Document or contingent or indemnification
obligations not then asserted or due. Any such release of Guarantee Obligations shall be deemed subject to the provision that such
Guarantee Obligations shall be reinstated if after such release any portion of any payment in respect of the Obligations guaranteed
thereby shall be rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, dissolution, liquidation
or reorganization of the Borrower or any Guarantor, or upon or as a result of the appointment of a receiver, intervenor or conservator
of, or trustee or similar officer for, the Borrower or any Guarantor or any substantial part of its property, or otherwise, all
as though such payment had not been made.

 

    	148

     

    

 

10.16       Accounting
Changes. In the event that any Accounting Change (as defined below) shall occur and such change results in a change in the
method of calculation of the financial ratios, standards or terms in this Agreement, then Holdings, the Borrower and the Agents
agree to enter into negotiations in order to amend such provisions of this Agreement so as to equitably reflect such Accounting
Changes with the desired result that the criteria for evaluating Holdings’ financial condition shall be the same after such
Accounting Changes as if such Accounting Changes had not been made. Until such time as such an amendment shall have been executed
and delivered by Holdings, the Borrower, the Agents and the Required Lenders, the financial ratios and all standards and terms
in this Agreement shall continue to be calculated or construed as if such Accounting Changes had not occurred. “Accounting
Changes” refers to changes in accounting principles required by the promulgation of any rule, regulation, pronouncement
or opinion by the Financial Accounting Standards Board of the American Institute of Certified Public Accountants or, if applicable,
the SEC. 

 

10.17       WAIVERS
OF JURY TRIAL. EACH OF HOLDINGS, THE BORROWER, THE AGENTS AND THE LENDERS HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE, TO
THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY
OTHER LOAN DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN. 

 

10.18       PATRIOT
ACT. Each Lender hereby notifies the Loan Parties that pursuant to the requirements of the PATRIOT Act, it is required to obtain,
verify and record information that identifies the Loan Parties, which information includes the name and address of the Loan Parties
and other information that will allow such Lender to identify the Loan Parties in accordance with the PATRIOT Act. 

 

10.19       No
Advisory or Fiduciary Responsibility. In connection with all aspects of each Transaction contemplated hereby (including in
connection with any amendment, waiver or other modification hereof or of any other Loan Document), the Borrower acknowledges and
agrees, and acknowledges its Affiliates’ understanding, that: (a) (i) no fiduciary, advisory or agency relationship among
Holdings, the Borrower and its Subsidiaries and any Agent, any Issuing Lender or any Lender is intended to be or has been created
in respect of the Transactions contemplated hereby or by the other Loan Documents, irrespective of whether any Agent, any Issuing
Lender or any Lender has advised or is advising Holdings, the Borrower or any Subsidiary on other matters, (ii) the arranging and
other services regarding this Agreement provided by the Agents, the Issuing Lenders and the Lenders are arm’s-length commercial
transactions between the Borrower and its Affiliates, on the one hand, and the Agents, the Issuing Lenders and the Lenders, on
the other hand, (iii) the Borrower has consulted its own legal, accounting, regulatory and tax advisors to the extent that it has
deemed appropriate and (iv) the Borrower is capable of evaluating, and understands and accepts, the terms, risks and conditions
of the Transactions contemplated hereby and by the other Loan Documents; and (b) (i) the Agents, the Issuing Lenders and the Lenders
each is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been,
is not, and will not be acting as an advisor, agent or fiduciary for the Borrower or any of its Affiliates, or any other Person;
(ii) none of the Agents, the Issuing Lenders and the Lenders has any obligation to the Borrower or any of its Affiliates with respect
to the Transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; and
(iii) the Agents, the Issuing Lenders and the Lenders and their respective Affiliates may be engaged, for their own accounts or
the accounts of customers, in a broad range of Transactions that involve interests that differ from those of the Borrower and its
Affiliates, and none of the Agents, the Issuing Lenders and the Lenders has any obligation to disclose any of such interests to
the Borrower or its Affiliates. The Borrower agrees that it will not assert any claim against any Lender, Agent or Issuing Lender
based on an alleged breach of fiduciary duty by such Person in connection with this Agreement and the transactions contemplated
hereby.

 

    	149

     

    

 

10.20      Acknowledgement
and Consent to Bail-In of EEA Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any
other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any
EEA Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down
and conversion powers of an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by: 

 

(a)          the
application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which
may be payable to it by any party hereto that is an EEA Financial Institution; and

 

(b)          the
effects of any Bail-in Action on any such liability, including, if applicable:

 

(i)       a
reduction in full or in part or cancellation of any such liability;

 

(ii)       a
conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial Institution,
its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or
other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement
or any other Loan Document; or

 

(iii)      the
variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of any EEA Resolution
Authority.

 

[REMAINDER OF THE PAGE INTENTIONALLY LEFT
BLANK]

 

    	150

     

    

 

IN WITNESS WHEREOF, the
parties hereto have caused this Agreement to be executed by their respective officers thereunto duly authorized, as of the date
first above written.

 

	 	ATLANTIC AVIATION FBO INC.,
	 	 	as Borrower
	 	 	 
	 	By:	/s/ Louis T. Pepper
	 	 	Name:  Louis T. Pepper
	 	 	Title:    President and Chief Excutive Officer
	 	 	 
	 	Atlantic aviation fbo holdings llc,
	 	 	as Holdings
	 	 	 
	 	By:	/s/ Liam Stewart
	 	 	Name:  Liam Stewart
	 	 	Title:    Treasurer

 

signature page to credit agreement

 

     

     

    

 

	 	JPMorgan Chase
    Bank, N.A.,
	 	 	as Administrative Agent, Collateral Agent, Issuing Lender and Lender
	 	 	 
	 	By:	/s/ Kenneth J. Fatur
	 	 	Name:  Kenneth J. Fatur
	 	 	Title:    Managing Director

 

signature page to credit agreement

 

     

     

    

 

	 	AMERICAN SAVINGS BANK, F.S.B.,
	 	 	as Lender
	 	 
	 	By:	/s/ Edward Chin
	 	 	Name:  Edward Chin
	 	 	Title:    First Vice president

 

signature page to credit agreement

 

     

     

    

 

	 	BANK OF AMERICA, N.A.,
	 	 	as Issuing Lender and Lender
	 	 
	 	By:	/s/ Allison W. Connally
	 	 	Name:  Allison W. Connally
	 	 	Title:    Senior Vice President

 

signature page to credit agreement

 

     

     

    

 

	 	BMO HARRIS BANK, N.A.,
	 	 	as Lender
	 	 
	 	By:	/s/ Andrew Berryman
	 	 	Name:  Andrew Berryman
	 	 	Title:    Vice President

 

signature page to credit agreement

 

     

     

    

 

	 	CITIZENS BANK, N.A.,
	 	 	as Lender
	 	 
	 	By:	/s/ Karmyn Paul
	 	 	Name:  Karmyn Paul
	 	 	Title:    Vice President

 

signature page to credit agreement

 

     

     

    

 

	COMPASS BANK dba BBVA COMPASS,	 
	as Issuing Lender and Lender	 
	 	 
	 	By:	/s/ Heather H Allen
		 	Name:  Heather H Allen
	 	 	Title:    Senior Vice President

 

signature page to credit agreement

 

     

     

    

 

	 	CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK,
	 	as Lender
	 	 
	 	By:	/s/ Thibault Rosset
	 	 	Name:  Thibault Rosset
	 	 	Title:    Managing Director
	 	 	 
	 	By:	/s/ 
	 	 	Name:   
	 	 	Title:     

 

signature page to credit agreement

 

     

     

    

 

	 	FIRST TENNESSEE BANK NATIONAL ASSOCIATION,
	 	 	as Lender
	 	 
	 	By:	/s/ Daniel Faith
	 	 	Name:  Daniel Faith
	 	 	Title:    Vice President

 

signature page to credit agreement

 

     

     

    

 

	 	KEYBANK NATIONAL ASSOCIATION,
	 	 	as Lender
	 	 
	 	By:	/s/ Thomas A. Crandell
	 	 	Name:  Thomas A. Crandell
	 	 	Title:    Senior Vice President

 

signature page to credit agreement

 

     

     

    

 

	 	MIZUHO BANK, LTD.,
	 	 	as Lender
	 	 
	 	By:	/s/ Donna DeMagistris
	 	 	Name:  Donna DeMagistris
	 	 	Title:    Authorized Signatory

 

signature page to credit agreement

 

     

     

    

 

	 	PNC BANK, NATIONAL ASSOCIATION,
	 	 	as Lender
	 	 
	 	By:	/s/ Divyang Shah
	 	 	Name:  Divyang Shah
	 	 	Title:    Sr. Vice President

 

signature page to credit agreement

 

     

     

    

 

	 	REGIONS BANK,
	 	 	as Issuing Lender (including in respect of the Existing Letters of Credit issued by it) and Lender
	 	 
	 	By:	/s/ Brian Walsh
	 	 	Name:  Brian Walsh
	 	 	Title:    Director

 

signature page to credit agreement

 

     

     

    

 

	 	ROYAL BANK OF CANADA,
	 	 	as Lender
	 	 
	 	By:	/s/ Richard C. Smith
	 	 	Name:  Richard C. Smith
	 	 	Title:    Authorized Signatory

 

signature page to credit agreement

 

     

     

    

 

	 	SUNTRUST BANK,
	 	 	as Lender
	 	 
	 	By:	/s/ Thomas F. Parrott
	 	 	Name:  Thomas F. Parrott
	 	 	Title:    Managing Director

 

signature page to credit agreement

 

     

     

    

 

	 	U.S. BANK NATIONAL ASSOCIATION,
	 	 	as Lender
	 	 
	 	By:	/s/ Kara P. Van Duzee
	 	 	Name:  Kara P. Van Duzee
	 	 	Title:    Vice President

 

signature page to credit agreement

 

     

     

    

 

	 	WELLS FARGO BANK, N.A.,
	 	 	as Issuing Lender (including in respect of the Existing Letters of Credit issued by it) and Lender
	 	 
	 	By:	/s/ Boaz Slomowitz
	 	 	Name:  Boaz Slomowitz
	 	 	Title:    Vice President

 

signature page to credit agreement

 

     

     

    

 

Appendix A-1

 

REVOLVING COMMITMENTS

 

	Lender	 	Revolving Commitment	 
	JPMORGAN CHASE BANK	 	$	40,000,000.00	 
	BANK OF AMERICA, N.A.	 	$	30,000,000.00	 
	COMPASS BANK dba BBVA COMPASS	 	$	30,000,000.00	 
	REGIONS BANK	 	$	30,000,000.00	 
	WELLS FARGO BANK, N.A.	 	$	30,000,000.00	 
	BMO HARRIS BANK, N.A.	 	$	25,000,000.00	 
	KEYBANK NATIONAL ASSOCIATION	 	$	25,000,000.00	 
	CITIZENS BANK, N.A.	 	$	17,500,000.00	 
	CRÉDIT AGRICOLE CORPORATE AND INVESTMENT BANK	 	$	17,500,000.00	 
	MIZUHO BANK, LTD.	 	$	17,500,000.00	 
	ROYAL BANK OF CANADA	 	$	17,500,000.00	 
	SUNTRUST BANK	 	$	17,500,000.00	 
	U.S. BANK NATIONAL ASSOCIATION	 	$	17,500,000.00	 
	PNC BANK, NATIONAL ASSOCIATION	 	$	15,000,000.00	 
	AMERICAN SAVINGS BANK, F.S.B.	 	$	10,000,000.00	 
	FIRST TENNESSEE BANK NATIONAL ASSOCIATION	 	$	10,000,000.00	 
	TOTAL:	 	$	350,000,000.00	 

 

    	1

     

    

 

Appendix A-2

 

TERM COMMITMENTS

 

	Lender	 	Term Commitment	 
	JPMORGAN CHASE BANK, N.A.	 	$	1,025,000,000.00	 
	TOTAL:	 	$	1,025,000,000.00	 

 

    	2Pioneer Power Solutions Inc. 8-K 

  

Exhibit 10.1

 

 

THIRD
AMENDMENT TO EMPLOYMENT AGREEMENT

 

This
THIRD Amendment to Employment Agreement (this “Amendment”)
is made and entered as of this 15th day of February, 2019, (the “Amendment Effective Date”)
by and between Jefferson Electric, Inc., a Delaware corporation (the “Company”), and Thomas Klink (“Executive”)
for purposes of amending that certain Employment Agreement dated as of April 30, 2010, and amended as of April 30, 2013 and June
30, 2016, by and between the Company and Executive (the “Agreement”). Terms used in this Amendment with
initial capital letters that are not otherwise defined herein shall have the meanings ascribed to such terms in the Agreement.

 

WHEREAS,
the Employment Period under the Agreement is scheduled to terminate on the date hereof and the Company and Executive desire to
extend such Employment Period for one (1) additional years, unless terminated earlier in accordance with Section 6 of the Agreement;

 

WHEREAS,
in connection with such extension of the Employment Period, the Company and Executive desire to adjust Executive’s base
salary as set forth in this Amendment; and

 

WHEREAS,
Section 17 of the Agreement provides that the parties to the Agreement may amend the Agreement in a writing signed by the parties.

 

NOW
THEREFORE, pursuant to Section 17 of the Agreement, and for good and valuable consideration, the sufficiency of which is hereby
acknowledged, the Company and Executive agree as follows:

 

1.

Section
1 of the Agreement is hereby amended as of the Amendment Effective Date by deleting said section in its entirety and substituting
in lieu thereof the following new Section 1:

 

1.

Employment;
Term. The Company shall employ Executive, and Executive shall work for the Company, for a term of ten (10) years commencing
on the date hereof (April 30, 2010) and ending on April 30, 2020, unless terminated earlier in accordance with Section 6 hereof
(the "Employment Period").

 

2.

Section
4.1 of the Agreement is hereby amended as of the Amendment Effective Date by deleting said section in its entirety and substituting
in lieu thereof the following new Section 4.1:

 

4.1.

In
consideration for the services to be performed by Executive during the Employment Period hereunder, the Company shall pay to Executive
a base salary at the rate of (i) $312,000 per annum for the period of May 1, 2010 through April 30, 2013; (ii) $250,000.00 per
annum for the period of May 1, 2013 through April 30, 2016; (iii) $315,000 for the period beginning on May 1, 2016 and ending
on April 30, 2017; (iv) $340,000 for the period beginning on May 1, 2017 and ending on April 30, 2018; and (v) $365,000 for the
period beginning on May 1, 2018 and ending on April 30, 2019; and(vi) $390,000 for the period beginning on May 1, 2019 ending
on the last day of the Employment Period, payable in accordance with the Company's customary payroll practices for executive employees.

 

3.

Except
as expressly amended by this Amendment, the Agreement shall continue in full force and effect in accordance with the provisions
thereof.

 

4.

In
the event of a conflict between the Agreement and this Amendment, this Amendment shall govern.

 

 

    	 	 	 

     

    

 

 

IN
WITNESS WHEREOF, the parties have executed this Amendment as of the Amendment Effective Date.

 

	 	THE COMPANY:
	 	 
	 	JEFFERSON
ELECTRIC, INC.
	 	 
	 	 
	 	 
	 	By:	/s/ Nathan Mazurek
	 	Name:	Nathan Mazurek
	 	Title:	Chief Executive Officer

 

 

	 	EXECUTIVE:
	 	 
	 	 
	 	 
	 	/s/ Thomas Klink
	 	Name:
Thomas Klink
	 	Title:
Chief Financial Officer

 

    	 	2

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