Document:

Exhibit 10.2

       

      [Execution]

       

      FIFTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT, FIRST AMENDMENT TO GUARANTY AND SECURITY AGREEMENT AND JOINDER

       

      THIS FIFTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT, FIRST AMENDMENT TO GUARANTY AND SECURITY AGREEMENT AND JOINDER (the “Amendment”), dated as of March 1, 2021, is entered into by
        and among Thryv, Inc. (formerly known as Dex Media, Inc.), a Delaware corporation (“Borrower”), Thryv Holdings, Inc. (formerly known as Dex Media Holdings, Inc.), a Delaware corporation (“Parent”), Thryv International Holding, LLC, a
        Delaware limited liability company (“TIH”), Wells Fargo Bank, National Association (“Wells Fargo”), as administrative agent for each Secured Party (in such capacity, together with its successors and assigns in such capacity, “Administrative

          Agent”) and as Australian security trustee for each Secured Party (in such capacity, together with its successor and assigns in such capacity, the “Australian Security Trustee”), and the Lenders party hereto.

       

      RECITALS

       

      WHEREAS, Borrower, Parent, Administrative Agent and the Lenders from time to time party thereto are parties to the Amended and Restated Credit Agreement, dated as of June 30, 2017, as amended by
        First Amendment to Amended and Restated Credit Agreement, dated as of January 31, 2019, Second Amendment to Amended and Restated Credit Agreement, dated as of March 21, 2019, Third Amendment to Amended and Restated Credit Agreement, dated as of
        August 20, 2019 and Fourth Amendment to Amended and Restated Credit Agreement, dated January 28, 2020 (as the same now exists, the “Existing Credit Agreement”) and have agreed to amend the Existing Credit Agreement and replace it in its
        entirety in the form of Exhibit A to this Amendment (as amended and supplemented by this Amendment and as may hereafter be further amended, restated, amended and restated, supplemented and/or otherwise modified from time to time, the “Credit
          Agreement”) pursuant to the terms and conditions of this Amendment;

       

      WHEREAS, Borrower notified Administrative Agent that (a) it has, directly or indirectly, formed TIH and (b) it will cause TIH to execute and deliver this Amendment in order to make TIH a party to
        the Credit Agreement and the other relevant Loan Documents to which each is required to become a party under the Credit Agreement as a guarantor; and

       

      WHEREAS, by this Amendment, Administrative Agent, Lenders, Borrower and Guarantors desire and intend to evidence such amendments and consent.

       

      NOW, THEREFORE, in consideration of the premises and of the mutual covenants and agreements herein contained, it is agreed as follows:

       

      
        
          1.   Definitions.  For purposes of this Amendment, all capitalized terms used herein which are not otherwise defined herein, including but not limited to, those terms used in the recitals hereto, shall have the respective meanings
                assigned thereto in the Credit Agreement.

           

            

        

      

      
        
          

      

      
      2.    Amendment of Credit Agreement.  The Existing Credit Agreement is
          hereby amended to read in its entirety as set forth in Exhibit A hereto (the “Amended Credit Agreement”).  All schedules and exhibits to the Existing
          Credit Agreement, as in effect immediately prior to the Fifth Amendment Effective Date, shall constitute schedules and exhibits to the Amended Credit Agreement, except that the Schedules which are attached as Exhibit B hereto shall constitute
          those respective schedules and exhibits to the Amended Credit Agreement after the date of this Amendment.  Each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” or words of similar import, and each reference
          in the other Loan Documents to the “Credit Agreement” (including, without limitation, by means of words such as “thereunder” or “thereof” and words of similar import), shall mean and be a reference to the Credit Agreement as amended herein as
          reflected by the Amended Credit Agreement.  The Administrative Agent, each of the Lenders signatory hereto, Borrower and each Guarantor consent to the amendment of the Credit Agreement pursuant to this Amendment.

       

      3.    The Guaranty and Security Agreement (as the same now exists, the “Existing

            Guaranty and Security Agreement”) is hereby amended to read in its entirety as set forth in Exhibit C hereto (the “Amended Guaranty and Security
            Agreement”).  All schedules and exhibits to the Existing Guaranty and Security Agreement, as in effect immediately prior to the Fifth Amendment Effective Date, shall constitute schedules and
          exhibits to the Amended Guaranty and Security Agreement, except that those schedules and exhibits which are attached to the Amended Guaranty and Security Agreement shall constitute those respective schedules and exhibits after the date of this
          Amendment.  Each reference in the Guaranty and Security Agreement to “this Agreement,” “hereunder,” “hereof,” “herein” or words of similar import, and each reference in the other Loan Documents to the “Guaranty and Security Agreement” (including,
          without limitation, by means of words such as “thereunder” or “thereof” and words of similar import), shall mean and be a reference to the Guaranty and Security Agreement as amended herein as reflected by the Amended Guaranty and Security
          Agreement.  The Administrative Agent, each of the Lenders signatory hereto, Borrower and each Guarantor consent to the amendment of the Guaranty and Security Agreement pursuant to this Amendment.

       

      4.    Joinder of TIH as a Guarantor.  TIH hereby expressly agrees to
          perform, comply with and be bound by all terms, conditions and covenants of the Credit Agreement and the other Loan Documents applicable to US Guarantors with the same force and effect as if TIH had originally executed and been an original
          signatory to the Credit Agreement and such other Loan Documents.

       

      5.    Intercreditor Agreement.  Each Lender (a) authorizes and instructs the Administrative Agent to enter into the Intercreditor Agreement as ABL
        Agent and on behalf of such Lender and (b) agrees that it will be bound by and will take no actions contrary to the provisions of the Intercreditor Agreement.

       

      6.    Representations and Warranties. Each Loan Party hereby represents and warrants to Administrative Agent and Lenders as follows:

       

      

      
        -2-

        
          

      

      (a)       As to such Loan Party, the execution, delivery, and performance by such Loan Party of this Amendment and any other agreements or instruments required hereunder to which it is a party on the Fifth Amendment Effective Date have been duly authorized by
            all necessary action on the part of such Loan Party.

       

      (b)      This Amendment and any other agreements or instruments required hereunder to which such Loan Party is a party on
          the Fifth Amendment Effective Date have been duly executed and delivered by each Loan Party that is a party thereto and is the legally valid and binding obligation of such Loan Party, enforceable against such Loan Party in accordance with its
          respective terms, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’ rights generally.

       

      (c)      The execution, delivery, and performance by each Loan Party of this Amendment and any other agreements or instruments required hereunder to which
        such Loan Party is a party on the Fifth Amendment Effective Date will not require any registration with, consent, or approval of, or notice to, or other action with or by, any Governmental Authority, other than registrations, consents, approvals,
        notices, or other actions that have been obtained and that are still in force and effect and except for filings and recordings with respect to the Collateral to be made, or otherwise delivered to Administrative Agent for filing or recordation, as
        of the Fifth Amendment Effective Date.

       

      (d)     As to each Loan Party, the execution, delivery, and performance by such Loan Party of the this Amendment and any other agreements or instruments
        required hereunder to which it is a party on the Fifth Amendment Effective Date do not and will not (i) violate any material provision of federal, state, or local law or regulation applicable to any Loan Party or its Subsidiaries, the Governing
        Documents of any Loan Party or its Subsidiaries, or any order, judgment, or decree of any court or other Governmental Authority binding on any Loan Party or its Subsidiaries, (ii) conflict with, result in a breach of, or constitute (with due notice
        or lapse of time or both) a default under any material agreement of any Loan Party or its Subsidiaries where any such conflict, breach or default could individually or in the aggregate reasonably be expected to have a Material Adverse Effect.

       

      (e)      All of the representations and warranties contained in Section 4 of the Credit Agreement are true and correct in all material respects (except that such materiality qualifier shall not be
        applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) on and as of the date hereof as though made on and as of such date (except to the extent that such representations and
        warranties relate solely to an earlier date, in which case such representations and warranties shall be true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties
        that already are qualified or modified by materiality in the text thereof) as of such earlier date).

       

      7    Conditions Precedent. This Amendment shall be effective upon the satisfaction of each of the following conditions precedent in a manner
        reasonably satisfactory to Administrative Agent:

       

      
        -3-

        
          

      

      (a)       Administrative Agent shall have received counterparts of this Amendment, duly authorized, executed and
          delivered by Borrower, Guarantors and the Lenders;

       

      (b)      Administrative Agent shall have received, in form and substance satisfactory to Administrative Agent, the
          Intercreditor Agreement, duly authorized, executed and delivered by the Term Loan Agent and acknowledged by Borrower and Guarantors;

       

      (c)     the term loan facility evidenced by the Term Loan Documents shall be, substantially concurrently with the
          effectiveness of this Amendment, consummated and Borrower shall have, upon the effectiveness of such term loan facility, incurred Indebtedness from the Term Lenders pursuant to the Term Loan Documents in an original principal amount not to exceed
          $700,000,000 on the date hereof;

       

      (d)     Administrative Agent shall have received, in form and substance satisfactory to Administrative Agent, true,
          correct and complete copies of the Term Loan Credit Agreement and the Collateral Agreement (as defined in the Term Loan Credit Agreement);

       

      (e)     Administrative Agent shall have received evidence, in form and substance reasonably satisfactory to
          Administrative Agent, that (i) the Term Loan outstanding immediately prior to the Fifth Amendment Effective Date has been paid in full, (ii) the Term Loan Documents (as defined in the Existing Credit Agreement and in effect immediately prior to
          the Fifth Amendment Effective Date) have been terminated and of no further force and effect and (iii) the Liens securing the Term Loan and the Term Loan Documents (each as defined in the Existing Credit Agreement and as in effect immediately
          prior to the Fifth Amendment Effective Date) have been released and terminated;

       

      (f)      Administrative Agent shall have received, in form and substance satisfactory to Administrative Agent, the
          Joinder No. 1 to Amended and Restated Guaranty and Security Agreement, together with all schedules related thereto (the “Security Agreement Joinder”), duly authorized, executed and delivered by TIH;

       

      (g)    Administrative Agent shall have received, in form and substance satisfactory to Administrative Agent, the
          Pledged Interests Addendum (“Pledged Interests Addendum”), duly authorized, executed and delivered by TIH;

       

      (h)      Administrative Agent shall have received, in form and substance satisfactory to Administrative Agent, a
          customary legal opinion of Weil, Gotshal & Manges LLP, as special counsel to TIH, with respect to this Amendment, the Security Agreement Joinder, the Pledged Interests Addendum and the other documents executed by TIH in connection herewith,
          addressed to Administrative Agent and Lenders;

       

      (i)      Administrative Agent shall have received customary lien and judgment search results for the jurisdiction of
          organization of TIH and the jurisdiction of the chief executive office of TIH, which search results shall be in form and substance satisfactory to Administrative Agent;

       

      
        -4-

        
          

      

      (j)       Administrative Agent shall have received, in form and substance satisfactory to Administrative Agent, a
          certificate of formation and a good standing certificate (or its equivalent) for TIH from the Secretary of State (or comparable official) of the jurisdiction of formation of TIH;

       

      (k)      Administrative Agent shall have received, in form and substance reasonably satisfactory to Administrative
          Agent, evidence that Administrative Agent will have a valid perfected security interest in all of assets of TIH constituting Collateral to the extent required pursuant to the terms of the Credit Agreement and the Guarantee and Security Agreement
          upon the filing of UCC financing statements naming Administrative Agent, as secured party, and TIH, as debtors, to the extent such perfection can be obtained by the filing of the UCC financing statements, which security interest shall be prior to
          all security interests, except as otherwise permitted under the Loan Documents;

       

      (l)       Administrative Agent shall have received, in form and substance satisfactory to Agent, a certificate of a
          secretary or equivalent authorized officer of from TIH with respect to, among other things, the resolutions of the board of directors, board of managers, sole member or similar governing body of TIH, evidencing the adoption and subsistence of
          resolutions approving the execution, delivery and performance by TIH of this Joinder Agreement, the Security Agreement Joinder, the Pledged Interests Addendum and the other documents related thereto to which TIH is a party;

       

      (m)     as of the Fifth Amendment Effective Date, and after giving effect to the transactions contemplated by, this
          Amendment, Borrower shall have Total Excess Availability of not less than $30,000,000; and

       

      (n)       no Default or Event of Default shall exist or have occurred and be continuing, as of the Fifth Amendment
          Effective Date.

       

      8.    Effect of this Amendment.  Except as expressly set forth herein,
          no other amendments, changes or modifications to the Loan Documents are intended or implied, and in all other respects the Loan Documents are hereby specifically ratified, restated and confirmed by all parties hereto as of the effective date
          hereof and Borrower shall not be entitled to any other or further amendment or consent by virtue of the provisions of this Amendment or with respect to the subject matter of this Amendment.  To the extent of conflict between the terms of this
          Amendment and the other Loan Documents, the terms of this Amendment shall control.  The Credit Agreement and this Amendment shall be read and construed as one agreement and the Guaranty and Security Agreement and this Amendment shall be read and
          construed as one agreement.

       

      9.    References.  All references in the Credit Agreement to “this Agreement” shall be deemed to refer to the Credit Agreement as amended hereby;
        any and all references in the Loan Documents to the Credit Agreement shall be deemed to refer to the Credit Agreement as amended hereby and any and all references in the Loan Documents to the Guaranty and Security Agreement shall be deemed to refer
        to the Guaranty and Security Agreement as amended hereby.

       

      
        -5-

        
          

      

      10. No Waiver. The execution of this Amendment and the acceptance of all other agreements and instruments related hereto shall not be deemed to be
        a waiver of any Default or Event of Default under the Credit Agreement or a waiver of any breach, default or event of default under any Loan Document or other document held by Administrative Agent, whether or not known to Administrative Agent and
        whether or not existing on the date of this Amendment.

       

      11. Costs and Expenses. Borrower hereby reaffirms its agreement under the Credit Agreement to pay or reimburse Administrative Agent on demand for
        all reasonable and documented out-of-pocket costs and expenses incurred by Administrative Agent in connection with this Amendment, including, without limitation, all reasonable and documented out-of-pocket fees and disbursements of one firm of
        outside legal counsel (which firm is Otterbourg P.C.), as and to the extent required pursuant to Section 2.6(d) of the Credit Agreement. Without limiting the generality of the foregoing, Borrower specifically agrees to pay all reasonable and
        documented out-of-pocket fees and disbursements of Otterbourg, P.C. for the services performed by such counsel in connection with the preparation of this Amendment and the documents and instruments incidental hereto as and to the extent required
        pursuant to Section 2.6(d) of the Credit Agreement.

       

      12.  Counterparts. This Amendment, any documents executed in
          connection herewith and any notices delivered under this Amendment, may be executed by means of (i) an electronic signature that complies with the federal Electronic Signatures in Global and National Commerce Act, state enactments of the Uniform
          Electronic Transactions Act, or any other relevant and applicable electronic signatures law; (ii) an original manual signature; or (iii) a faxed, scanned, or photocopied manual signature.  Each electronic signature or faxed, scanned, or
          photocopied manual signature shall for all purposes have the same validity, legal effect, and admissibility in evidence as an original manual signature. Administrative Agent reserves the right, in its sole discretion, to accept, deny, or
          condition acceptance of any electronic signature on this Amendment or on any notice delivered to Administrative Agent under this Amendment.  This Amendment may be executed in any number of counterparts and by different parties on separate
          counterparts, each of which, when executed and delivered, shall be deemed to be an original, and all of which, when taken together, shall constitute but one and the same Amendment.  Delivery of an executed counterpart of a signature page of this
          Amendment by any means set forth in clauses (i) or (iii) above will be as effective as delivery of an original manually executed counterpart of this Amendment.

       

      13. Governing Law. EXCEPT AS PROVIDED IN SECTION 15.19 OF THE
        CREDIT AGREEMENT AND SOLELY WITH RESPECT TO THE MATTERS SET FORTH THEREIN AND IN THE CASE OF THE AUSTRALIAN SECURITY TRUST DEED, THE VALIDITY OF THIS AMENDMENT, THE CONSTRUCTION, INTERPRETATION, AND ENFORCEMENT
          HEREOF, THE RIGHTS OF THE PARTIES HERETO WITH RESPECT TO ALL MATTERS ARISING HEREUNDER OR RELATED HERETO, AND ANY CLAIMS, CONTROVERSIES OR DISPUTES ARISING HEREUNDER OR RELATED HERETO  SHALL BE DETERMINED UNDER, GOVERNED BY, AND CONSTRUED IN
          ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

       

      [Signature Pages Follow]

       

      
        -6-

        
          

      

      IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed as of the date first above written.

       

      	 	
              THRYV, INC.

            
	 	 	 
	 	
              By:

            	
              /s/ Lesley Bolger

            

      	 	
              Name:

            	
              Lesley Bolger

            
	 	
              Title:

            	
              VP Corporate Counsel-Legal & Human Resources, Chief Compliance Officer and Secretary

            

      

      

      	 	
              THRYV HOLDINGS, INC.

            
	 	 	 
	 	
              By:

            	
              /s/ Lesley Bolger

            

      	 	
              Name:

            	
              Lesley Bolger

            
	 	
              Title:

            	
              VP Corporate Counsel-Legal & Human Resources, Chief Compliance Officer and Secretary

            

      

      

      	 	
              THRYV INTERNATIONAL HOLDING, LLC

            
	 	 	 
	 	
              By:

            	
              /s/ KJ Christopher

            

      	 	
              Name:

            	
              KJ Christopher

            
	 	
              Title:

            	
              President and Secretary

            

      

      

      
        Signature page to Fifth Amendment to Amended and Restated Credit Agreement

         

        

      

      
        
          

      

      	 	
              WELLS FARGO BANK, NATIONAL ASSOCIATION,

              

            
	 	a national banking association as Administrative Agent, as Australian Security Trustee and as a Lender
	 	 	 
	 	
              By:

            	
              /s/ Marc J. Breier

            

      	 	
              Name:

            	
                Marc J. Breier

            
	 	
              Title:

            	
              Authorized Signatory

            

      

      

      
        Signature page to Fifth Amendment to Amended and Restated Credit Agreement

         

          

      

      
        
          

      

      	 	
              PNC BANK, NATIONAL ASSOCIATION,

              

            
	 	a national banking association, as a Lender
	 	 	 
	 	
              By:

            	
              /s/ Cody Mamone

            

      	 	
              Name:

            	
                Cody Mamone

            
	 	
              Title:

            	
                Vice President

            

      

      

      
        Signature page to Fifth Amendment to Amended and Restated Credit Agreement

         

          

      

      
        
          

      

      	 	
              CIT BANK, N.A.

            
	 	
              a national banking association, as a Lender

            
	 	 	 
	 	
              By:

            	
              /s/ Anthony Masci

            

      	 	
              Name:

            	
              Anthony Masci

            
	 	
              Title:

            	
              Director

            

       

      

      
        Signature page to Fifth Amendment to Amended and Restated Credit Agreement

         

          

      

      
        
          

      

      
        Exhibit A

      

      
        

        

        See attached Amended Credit Agreement.

         

      

       [Execution]

      
        
          

          

          EXHIBIT A

          TO

          FIFTH AMENDMENT TO

          AMENDED AND RESTATED CREDIT AGREEMENT

          

          

          
            	
                     

                  

          

          

          

          
            	
                    

                  	
                    AMENDED AND RESTATED CREDIT AGREEMENT

                  	 
	 	 
	
                    by and among

                  	 
	 	 
	
                    WELLS FARGO BANK, NATIONAL ASSOCIATION,

                    as Administrative Agent and Australian Security Trustee,

                  	 

          

          

          

          WELLS FARGO BANK, NATIONAL ASSOCIATION and

          PNC BANK, NATIONAL ASSOCIATION,

          as Joint Lead Arrangers, Joint Book Runners, and Co-Collateral Agents,

          

          

          PNC BANK, NATIONAL ASSOCIATION,

          as Syndication Agent,

          

          

          THE LENDERS THAT ARE PARTIES HERETO,

          as the Lenders,

          

          

          THRYV, INC. (formerly known as DEX MEDIA, INC.),

          as a US Borrower,

          

          

          Each Entity Party Hereto as an Australian Borrower

          

          

          THRYV HOLDINGS, INC. (formerly known as DEX MEDIA HOLDINGS, INC.),

          THRYV INTERNATIONAL HOLDING, LLC, and

          Each Entity From Time To Time Party Hereto as a US Guarantor,

          as US Guarantors,

          

          

          Each Entity From Time to Time Party Hereto as an Australian Guarantor

          

          

          and

          

          

          THE OTHER LOAN PARTIES PARTY HERETO FROM TIME TO TIME

          

          

          Dated as of June 30, 2017

          as amended through March 1, 2021

           

          

          
            	
                     

                  

             

            

          

          
            
              

          

          
          TABLE OF CONTENTS

           

          	 	 	 	
                  Page

                
	 	 	 	 
	
                  1.

                	
                  DEFINITIONS AND CONSTRUCTION.

                	
                  2

                
	 	 	 	 
	 	
                  1.1

                	
                  Definitions

                	
                  2

                
	 	 	 	 
	 	
                  1.2

                	
                  Accounting Terms

                	
                  2

                
	 	 	 	 
	 	
                  1.3

                	
                  Code

                	
                  2

                
	 	 	 	 
	 	
                  1.4

                	
                  Construction

                	
                  3

                  

                
	 	 	 	 
	 	
                  1.5

                	
                  Time References

                	
                  3

                
	 	 	 	 
	 	
                  1.6

                	
                  Schedules and Exhibits

                	
                  3

                
	 	 	 	 
	 	
                  1.7

                	
                  Co-Collateral Agent Determinations

                	
                  3

                
	 	 	 	 
	 	
                  1.8

                	
                  Currency Translation

                	
                  3

                
	 	 	 	 
	 	
                  1.9

                	
                  Divisions

                	
                  4

                
	 	 	 	 
	 	
                  1.10

                	
                  Australian Terms

                	
                  4

                
	 	 	 	 
	 	
                  1.11

                	
                  Banking Code of Practice (Australia)

                	
                  4

                
	 	 	 	 
	 	
                  1.12

                	
                  Additional Borrowers

                	
                  4

                
	 	 	 	 
	 	
                  1.13

                	
                  Rates; LIBOR Notification

                	
                  5

                
	 	 	 	 
	
                  2.

                	
                  LOANS AND TERMS OF PAYMENT.

                	
                  6

                  

                
	 	 	 	 
	 	
                  2.1

                	
                  Revolving Loans.

                	
                  6

                  

                
	 	 	 	 
	 	
                  2.2

                	
                  [Reserved].

                	
                  7

                  

                
	 	 	 	 
	 	
                  2.3

                	
                  Borrowing Procedures and Settlements.

                	
                  7

                  

                
	 	 	 	 
	 	
                  2.4

                	
                  Payments; Reductions of Commitments; Prepayments.

                	
                  14

                  

                
	 	 	 	 
	 	
                  2.5

                	
                  Promise to Pay; Promissory Notes.

                	
                  17

                  

                
	 	 	 	 
	 	
                  2.6

                	
                  Interest Rates and Letter of Credit Fee:  Rates, Payments, and Calculations.

                	
                  17

                  

                
	 	 	 	 
	 	
                  2.7

                	
                  Crediting Payments

                	
                  19

                  

                
	 	 	 	 
	 	
                  2.8

                	
                  Designated Account

                	
                  19

                  

                
	 	 	 	 
	 	
                  2.9

                	
                  Maintenance of Loan Account; Statements of Obligations

                	
                  19

                  

                
	 	 	 	 
	 	
                  2.10

                	
                  Fees.

                	
                  20

                  

                
	 	 	 	 
	 	
                  2.11

                	
                  Letters of Credit.

                	
                  20

                  

                
	 	 	 	 
	 	
                  2.12

                	
                  Special Provisions Applicable to LIBOR Rate and Australian Bill Rate.

                	
                  27

                
	 	 	 	 
	 	
                  2.13

                	
                  Capital Requirements; Illegality.

                	
                  29

                
	 	 	 	 
	 	
                  2.14

                	
                  [Reserved]

                	
                  30

                  

                
	 	 	 	 
	 	
                  2.15

                	
                  Joint and Several Liability of Borrowers.

                	
                  30

                  

                

          

          

          
            -i-

            
              

          

          
            TABLE OF CONTENTS

             

            (continued)

             

          

          	 	 	
                  Page

                
	 	 	 
	
                  3.

                	
                  CONDITIONS; TERM OF AGREEMENT.

                	
                  32

                
	 	 	 	 
	 	
                  3.1

                	
                  Conditions Precedent to the Initial Extension of Credit

                	
                  32

                
	 	 	 	 
	 	
                  3.2

                	
                  Conditions Precedent to all Extensions of Credit

                	
                  32

                
	 	 	 	 
	 	
                  3.3

                	
                  Maturity

                	
                  32

                
	 	 	 	 
	 	
                  3.4

                	
                  Effect of Maturity

                	
                  33

                
	 	 	 	 
	 	
                  3.5

                	
                  Early Termination by Borrowers

                	
                  33

                
	 	 	 	 
	 	
                  3.6

                	
                  Conditions Subsequent

                	
                  33

                
	 	 	 
	
                  4.

                	
                  REPRESENTATIONS AND WARRANTIES.

                	
                  33

                
	 	 	 
	 	
                  4.1

                	
                  Due Organization and Qualification; Subsidiaries.

                	
                  33

                
	 	 	 	 
	 	
                  4.2

                	
                  Due Authorization; No Conflict.

                	
                  34

                
	 	 	 	 
	 	
                  4.3

                	
                  Governmental Consents

                	
                  34

                
	 	 	 	 
	 	
                  4.4

                	
                  Binding Obligations; Perfected Liens.

                	
                  34

                
	 	 	 	 
	 	
                  4.5

                	
                  Title to Assets; No Encumbrances. .

                	
                  35

                
	 	 	 	 
	 	
                  4.6

                	
                  Litigation.

                	
                  35

                
	 	 	 	 
	 	
                  4.7

                	
                  Compliance with Laws

                	
                  35

                
	 	 	 	 
	 	
                  4.8

                	
                  No Material Adverse Effect

                	
                  35

                
	 	 	 	 
	 	
                  4.9

                	
                  Solvency.

                	
                  36

                
	 	 	 	 
	 	
                  4.10

                	
                  ERISA

                	
                  36

                
	 	 	 	 
	 	
                  4.11

                	
                  Environmental Condition

                	
                  36

                
	 	 	 	 
	 	
                  4.12

                	
                  Complete Disclosure

                	
                  36

                
	 	 	 	 
	 	
                  4.13

                	
                  Patriot Act

                	
                  37

                
	 	 	 	 
	 	
                  4.14

                	
                  Indebtedness

                	
                  37

                
	 	 	 	 
	 	
                  4.15

                	
                  Payment of Taxes

                	
                  37

                
	 	 	 	 
	 	
                  4.16

                	
                  Margin Stock

                	
                  37

                
	 	 	 	 
	 	
                  4.17

                	
                  Governmental Regulation

                	
                  37

                
	 	 	 	 
	 	
                  4.18

                	
                  OFAC, Sanctions; Anti-Corruption Laws; Anti-Money Laundering Laws

                	
                  37

                
	 	 	 	 
	 	
                  4.19

                	
                  Employee and Labor Matters

                	
                  38

                
	 	 	 	 
	 	
                  4.20

                	
                  Use of Proceeds

                	
                  38

                
	 	 	 	 
	 	
                  4.21

                	
                  Leases. .

                	
                  38

                
	 	 	 	 
	 	
                  4.22

                	
                  Eligible Accounts

                	
                  38

                

          

          

          
            -ii-

            
              

          

          
            TABLE OF CONTENTS

             

            (continued)

          

          

          

          	 	 	 	 Page
	 	 	 	 
	 	
                  4.23

                	
                  Term Loan Documents

                	
                  38

                
	 	 	 	 
	 	
                  4.24

                	
                  Hedge Agreements

                	
                  38

                
	 	 	 	 
	 	
                  4.25

                	
                  Credit Card Arrangements

                	
                  38

                
	 	 	 	 
	 	
                  4.26

                	
                  Tax Consolidation and Payment of Taxes

                	
                  38

                
	 	 	 	 
	
                  5.

                	
                  AFFIRMATIVE COVENANTS.

                	
                  39

                
	 	 	 	 
	 	
                  5.1

                	
                  Financial Statements, Reports, Certificates

                	
                  39

                
	 	 	 	 
	 	
                  5.2

                	
                  Reporting

                	
                  40

                  

                
	 	 	 	 
	 	
                  5.3

                	
                  Existence

                	
                  40

                
	 	 	 	 
	 	
                  5.4

                	
                  Maintenance of Properties

                	
                  40

                
	 	 	 	 
	 	
                  5.5

                	
                  Taxes

                	
                  40

                
	 	 	 	 
	 	
                  5.6

                	
                  Insurance

                	
                  40

                
	 	 	 	 
	 	
                  5.7

                	
                  Inspection.

                	
                  41

                
	 	 	 	 
	 	
                  5.8

                	
                  Compliance with Laws

                	
                  41

                
	 	 	 	 
	 	
                  5.9

                	
                  Environmental

                	
                  41

                
	 	 	 	 
	 	
                  5.10

                	
                  Disclosure Updates

                	
                  42

                
	 	 	 	 
	 	
                  5.11

                	
                  Formation of Subsidiaries

                	
                  42

                
	 	 	 	 
	 	
                  5.12

                	
                  Further Assurances

                	
                  42

                
	 	 	 	 
	 	
                  5.13

                	
                  Lender Meetings

                	
                  43

                
	 	 	 	 
	 	
                  5.14

                	
                  Compliance with ERISA and the IRC

                	
                  43

                
	 	 	 	 
	 	
                  5.15

                	
                  OFAC; Sanctions; Anti-Corruption Laws; Anti-Money Laundering Laws

                	
                  43

                
	 	 	 	 
	 	
                  5.16

                	
                  Post-Sunshine Acquisition matters

                	
                  43

                
	 	 	 	 
	
                  6.

                	
                  NEGATIVE COVENANTS.

                	
                  44

                
	 	 	 	 
	 	
                  6.1

                	
                  Indebtedness

                	
                  44

                
	 	 	 	 
	 	
                  6.2

                	
                  Liens

                	
                  44

                
	 	 	 	 
	 	
                  6.3

                	
                  Restrictions on Fundamental Changes

                	
                  44

                
	 	 	 	 
	 	
                  6.4

                	
                  Disposal of Assets.

                	
                  45

                
	 	 	 	 
	 	
                  6.5

                	
                  [Reserved]

                	
                  45

                
	 	 	 	 
	 	
                  6.6

                	
                  Prepayments and Amendments

                	
                  45

                
	 	 	 	 
	 	
                  6.7

                	
                  Restricted Payments.

                	
                  46

                
	 	 	 	 
	 	
                  6.8

                	
                  Fiscal Year; Accounting Methods

                	
                  47

                

          

          

          
            -iii-

            
              

          

          
            
              TABLE OF CONTENTS

               

              (continued)

            

          

           

          	 	 	 	  Page
	 	 	 	 
	 	
                  6.9

                	
                  Investments

                	
                  47

                
	 	 	 	 
	 	
                  6.10

                	
                  Transactions with Affiliates

                	
                  48

                
	 	 	 	 
	 	
                  6.11

                	
                  Use of Proceeds

                	
                  48

                
	 	 	 	 
	 	
                  6.12

                	
                  [Reserved]

                	
                  49

                
	 	 	 	 
	 	
                  6.13

                	
                  Credit Card Accounts

                	
                  49

                
	 	 	 	 
	 	
                  6.14

                	
                  Employee Benefits

                	
                  49

                
	 	 	 	 
	 	
                  6.15

                	
                  Australian Tax Matters.  .

                	
                  49

                
	 	 	 
	
                  7.

                	
                  FINANCIAL COVENANTS.

                	
                  49

                  

                
	 	 	 
	
                  8.

                	
                  EVENTS OF DEFAULT.

                	
                  50

                
	 	 	 	 
	 	
                  8.1

                	
                  Payments

                	
                  50

                
	 	 	 	 
	 	
                  8.2

                	
                  Covenants

                	
                  50

                
	 	 	 	 
	 	
                  8.3

                	
                  Judgments

                	
                  50

                
	 	 	 	 
	 	
                  8.4

                	
                  Voluntary Bankruptcy, etc

                	
                  50

                
	 	 	 	 
	 	
                  8.5

                	
                  Involuntary Bankruptcy, etc

                	
                  50

                
	 	 	 	 
	 	
                  8.6

                	
                  Default Under Other Agreements

                	
                  51

                
	 	 	 	 
	 	
                  8.7

                	
                  Representations, etc.

                	
                  51

                
	 	 	 	 
	 	
                  8.8

                	
                  Guaranty

                	
                  51

                
	 	 	 	 
	 	
                  8.9

                	
                  Security Documents

                	
                  51

                
	 	 	 	 
	 	
                  8.10

                	
                  Loan Documents

                	
                  51

                
	 	 	 	 
	 	
                  8.11

                	
                  ERISA

                	
                  51

                
	 	 	 	 
	 	
                  8.12

                	
                  Change of Control

                	
                  51

                
	 	 	 	 
	 	
                  8.13

                	
                  Subordination; Intercreditor Agreement

                	
                  52

                
	 	 	 	 
	
                  9.

                	
                  RIGHTS AND REMEDIES.

                	
                  52

                
	 	 	 	 
	 	
                  9.1

                	
                  Rights and Remedies

                	
                  52

                
	 	 	 	 
	 	
                  9.2

                	
                  Remedies Cumulative

                	
                  53

                
	 	 	 	 
	 10.	
                  WAIVERS; INDEMNIFICATION.

                	
                  53

                
	 	 	 	 
	 	
                  10.1

                	
                  Demand; Protest; etc.

                	
                  53

                
	 	 	 	 
	 	
                  10.2

                	
                  The Secured Parties’ Liability for Collateral

                	
                  53

                
	 	 	 	 
	 	
                  10.3

                	
                  Indemnification

                	
                  53

                
	 	 	 	 
	 11.	
                  NOTICES.

                	
                  54

                

          

          

          
            -iv-

            
              

          

          
            
              
                TABLE OF CONTENTS

                 

                (continued)

              

            

             

          

          	 	 	 Page
	 	 	 
	
                  12.

                	
                  CHOICE OF LAW AND VENUE; JURY TRIAL WAIVER; JUDICIAL REFERENCE PROVISION.

                	
                  55

                
	 	 	 
	
                  13.

                	
                  ASSIGNMENTS AND PARTICIPATIONS; SUCCESSORS.

                	
                  56

                
	 	 	 
	 	
                  13.1

                	
                  Assignments and Participations.

                	
                  56

                
	 	 	 	 
	 	
                  13.2

                	
                  Successors

                	
                  59

                
	 	 	 	 
	
                  14.

                	
                  AMENDMENTS; WAIVERS.

                	
                  59

                
	 	 	 	 
	 	
                  14.1

                	
                  Amendments and Waivers.

                	
                  59

                
	 	 	 	 
	 	
                  14.2

                	
                  Replacement of Certain Lenders.

                	
                  61

                
	 	 	 	 
	 	
                  14.3

                	
                  No Waivers; Cumulative Remedies

                	
                  61

                
	 	 	 	 
	
                  15.

                	
                  AGENT; THE LENDER GROUP.

                	
                  62

                
	 	 	 	 
	 	
                  15.1

                	
                  Appointment and Authorization of Administrative Agent

                	
                  62

                
	 	 	 	 
	 	
                  15.2

                	
                  Delegation of Duties

                	
                  62

                
	 	 	 	 
	 	
                  15.3

                	
                  Liability of Administrative Agent

                	
                  62

                
	 	 	 	 
	 	
                  15.4

                	
                  Reliance by Administrative Agent

                	
                  63

                
	 	 	 	 
	 	
                  15.5

                	
                  Notice of Default or Event of Default

                	
                  63

                
	 	 	 	 
	 	
                  15.6

                	
                  Credit Decision

                	
                  63

                
	 	 	 	 
	 	
                  15.7

                	
                  Costs and Expenses; Indemnification

                	
                  64

                
	 	 	 	 
	 	
                  15.8

                	
                  Administrative Agent in Individual Capacity

                	
                  64

                
	 	 	 	 
	 	
                  15.9

                	
                  Successor Administrative Agent

                	
                  65

                
	 	 	 	 
	 	
                  15.10

                	
                  Lender in Individual Capacity

                	
                  65

                
	 	 	 	 
	 	
                  15.11

                	
                  Collateral Matters.

                	
                  66

                
	 	 	 	 
	 	
                  15.12

                	
                  Restrictions on Actions by Lenders; Sharing of Payments.

                	
                  67

                
	 	 	 	 
	 	
                  15.13

                	
                  Agency for Perfection

                	
                  67

                
	 	 	 	 
	 	
                  15.14

                	
                  Payments by Administrative Agent to the Lenders

                	
                  68

                
	 	 	 	 
	 	
                  15.15

                	
                  Concerning the Collateral and Related Loan Documents

                	
                  68

                
	 	 	 	 
	 	
                  15.16

                	
                  Field Examination Reports; Confidentiality; Disclaimers by Lenders; Other Reports and Information

                	
                  68

                
	 	 	 	 
	 	
                  15.17

                	
                  Several Obligations; No Liability

                	
                  69

                
	 	 	 	 
	 	
                  15.18

                	
                  Joint Lead Arrangers, Joint Book Runners and Syndication Agent; Co-Collateral Agents.

                	
                  69

                
	 	 	 	 
	 	
                  15.19

                	
                  Rights and remedies of the Australian Security Trustee.

                	
                  69

                  

                

          

          

          
            -v-

            
              

          

          
            
              
                TABLE OF CONTENTS

                 

                (continued)

              

            

          

          

          

          	 	 	 	  Page
	 	 	 	 
	 	
                  15.20

                	
                  Australian PPSA Provisions.

                	
                  72

                
	 	 	 	 
	
                  16.

                	
                  WITHHOLDING TAXES.

                	
                  72

                
	 	 	 
	 	
                  16.1

                	
                  Payments

                	
                  72

                
	 	 	 	 
	 	
                  16.2

                	
                  Exemptions.

                	
                  72

                
	 	 	 	 
	 	
                  16.3

                	
                  Reductions.

                	
                  74

                
	 	 	 	 
	 	
                  16.4

                	
                  Refunds

                	
                  75

                
	 	 	 	 
	
                  17.

                	
                  GENERAL PROVISIONS.

                	
                  75

                
	 	 	 	 
	 	
                  17.1

                	
                  Effectiveness

                	
                  75

                
	 	 	 	 
	 	
                  17.2

                	
                  Section Headings

                	
                  75

                
	 	 	 	 
	 	
                  17.3

                	
                  Interpretation

                	
                  75

                
	 	 	 	 
	 	
                  17.4

                	
                  Severability of Provisions

                	
                  75

                
	 	 	 	 
	 	
                  17.5

                	
                  Bank Product Providers

                	
                  76

                
	 	 	 	 
	 	
                  17.6

                	
                  Debtor-Creditor Relationship

                	
                  76

                
	 	 	 	 
	 	
                  17.7

                	
                  Counterparts; Electronic Execution

                	
                  76

                
	 	 	 	 
	 	
                  17.8

                	
                  Revival and Reinstatement of Obligations; Certain Waivers

                	
                  77

                
	 	 	 	 
	 	
                  17.9

                	
                  Confidentiality.

                	
                  77

                
	 	 	 	 
	 	
                  17.10

                	
                  Survival

                	
                  78

                
	 	 	 	 
	 	
                  17.11

                	
                  Patriot Act; Due Diligence

                	
                  79

                
	 	 	 	 
	 	
                  17.12

                	
                  Integration

                	
                  79

                
	 	 	 	 
	 	
                  17.13

                	
                  Australian Code of Banking Practice

                	
                  79

                
	 	 	 	 
	 	
                  17.14

                	
                  Thryv, Inc. as Agent for Borrowers

                	
                  79

                
	 	 	 	 
	 	
                  17.15

                	
                  Acknowledgement and Consent to Bail-In of Affected Financial Institutions

                	
                  79

                  

                
	 	 	 	 
	 	
                  17.16

                	
                  Amendment and Restatement; No Novation

                	
                  80

                
	 	 	 	 
	 	
                  17.17

                	
                  Currency Indemnity

                	
                  80

                
	 	 	 	 
	 	
                  17.18

                	
                  Acknowledgement Regarding Any Supported QFCs

                	
                  81

                
	 	 	 	 

          

          

          
            -vi-

            
              

          

          EXHIBITS AND SCHEDULES

           

          	
                  Exhibit A

                	
                  Form of Assignment and Acceptance

                
	
                  Exhibit B

                	
                  Form of Borrowing Base Certificate

                
	
                  Exhibit C

                	
                  Form of Compliance Certificate

                
	
                  Exhibit D

                	
                  Form of Promissory Note

                
	 	 
	
                  Schedule A-1

                	
                  Administrative Agent’s Account

                
	
                  Schedule A-2

                	
                  Authorized Persons

                
	
                  Schedule C-1

                	
                  Commitments

                
	
                  Schedule D-1

                	
                  Designated Account

                
	
                  Schedule E-1

                	
                  Existing Letters of Credit

                
	
                  Schedule P-1

                	
                  Permitted Investments

                
	
                  Schedule P-2

                	
                  Permitted Liens

                
	
                  Schedule 1.1

                	
                  Definitions

                
	
                  Schedule 3.1

                	
                  Conditions Precedent

                
	
                  Schedule 3.6

                	
                  Conditions Subsequent

                
	
                  Schedule 4.1(b)

                	
                  Capitalization of Loan Parties

                
	
                  Schedule 4.1(c)

                	
                  Capitalization of Loan Parties’ Subsidiaries

                
	
                  Schedule 4.1(d)

                	
                  Subscriptions, Options, Warrants, Calls

                
	
                  Schedule 4.6(b)

                	
                  Litigation

                
	
                  Schedule 4.11

                	
                  Environmental Matters

                
	
                  Schedule 4.14

                	
                  Permitted Indebtedness

                
	
                  Schedule 4.25

                	
                  Credit Card Arrangements

                
	
                  Schedule 5.1

                	
                  Financial Statements, Reports, Certificates

                
	
                  Schedule 5.2

                	
                  Collateral Reporting

                

          

          

          
            -vii-

            
              

          

          
          AMENDED AND RESTATED CREDIT AGREEMENT

           

          THIS AMENDED AND RESTATED CREDIT AGREEMENT (this “Agreement”), is entered into as of June 30, 2017 by and among the lenders identified on the
            signature pages hereof (each of such lenders, together with its successors and permitted assigns, is referred to hereinafter as a “Lender”, as that term is hereinafter further defined), WELLS FARGO BANK,
              NATIONAL ASSOCIATION, a national banking association, as administrative agent for each Secured Party (in such capacity, together with its successors and assigns in such capacity, “Administrative Agent”) and as Australian
            security trustee for each Secured Party (in such capacity, together with its successors and assigns in such capacity, the “Australian Security Trustee”) , WELLS FARGO BANK, NATIONAL ASSOCIATION, a
            national banking association and PNC BANK, NATIONAL ASSOCIATION, a national banking association, as joint lead arrangers (in such capacity, together with their successors and assigns in such capacity,
            the “Joint Lead Arrangers”), WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association and PNC BANK, NATIONAL ASSOCIATION, a national banking
            association, as joint book runners (in such capacity, together with their successors and assigns in such capacity, the “Joint Book Runners”), WELLS FARGO BANK, NATIONAL ASSOCIATION, a national
            banking association and PNC BANK, NATIONAL ASSOCIATION, a national banking association, as co-collateral agents (in such capacity, together with their successors and assigns in such capacity, the “Co-Collateral

              Agents”), PNC BANK, NATIONAL ASSOCIATION, a national banking association, as syndication agent (“Syndication Agent”), THRYV, INC. (formerly known as
            DEX MEDIA, INC.), a Delaware corporation (“Thryv”) and any other Person that at any time becomes a party hereto as a US Borrower pursuant to Section 1.12 (such Persons together with Thryv
            are each individually referred to as a “US Borrower”, and individually and collectively, jointly and severally, referred to as the “US Borrowers”), any Person that at any time after the date hereof becomes an Australian Borrower
            pursuant to Section 1.12, referred to hereinafter each individually as an “Australian Borrower”, and individually and collectively, jointly and severally, as the “Australian Borrowers”; together with US Borrowers, are
            referred to hereinafter each individually as a “Borrower”, and individually and collectively, jointly and severally, as the “Borrowers”), THRYV HOLDINGS, INC. (formerly known as DEX MEDIA
            HOLDINGS, INC.), a Delaware corporation (“Parent”), THRYV INTERNATIONAL HOLDING, LLC, a Delaware limited liability company (“TIH”), and each other US Guarantor and Australian Guarantor from
            time to time party hereto.

           

          Pursuant to the Credit Agreement dated as of December 15, 2016 (as amended by the First Amendment to Credit Agreement dated April 21, 2017, the “2016 Credit Agreement”) by and among
            Parent, Thryv, Administrative Agent, the Co-Collateral Agents and the lenders party thereto (the “Existing Lenders”), the Existing Lenders have agreed to make certain loans, advances and other extensions of credit available to Thryv, as
            borrower.

           

          The parties to this Agreement have agreed to amend and restate the 2016 Credit Agreement as set forth herein.

           

          In consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree that the 2016 Credit Agreement is
            amended and restated in its entirety as follows:

           

          
            
              

          

          
          
            
              	
                      1.

                    	
                      DEFINITIONS AND CONSTRUCTION.

                    

            

          

           

          1.1         Definitions. Capitalized terms used in this Agreement shall have the
            meanings specified therefor on Schedule 1.1.

           

          1.2       Accounting Terms. All accounting terms not specifically defined herein shall be construed in accordance
            with GAAP; provided, that if Borrowers notify Administrative Agent that Borrowers request an amendment to any provision hereof to eliminate the effect of any Accounting Change occurring after the Closing Date or in the application
            thereof on the operation of such provision (or if Administrative Agent notifies Borrowers that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after
            such Accounting Change or in the application thereof, then Administrative Agent and Borrowers agree that they will negotiate in good faith amendments to the provisions of this Agreement that are directly affected by such Accounting Change with
            the intent of having the respective positions of the Lenders and Borrowers after such Accounting Change conform as nearly as possible to their respective positions as of the date of this Agreement and, until any such amendments have been agreed
            upon and agreed to by the Required Lenders, the provisions in this Agreement shall be calculated as if no such Accounting Change had occurred; provided further, that any change in GAAP after the Closing Date shall not cause any lease that was
            not or would not have been a Capitalized Lease Obligation prior to such change to be deemed a Capitalized Lease Obligation.  When used herein, the term “financial statements” shall include the notes and schedules thereto.  Whenever the term
            “Parent” is used in respect of a financial covenant or a related definition, it shall be understood to mean Parent and its Subsidiaries on a consolidated basis, unless the context clearly requires otherwise.  Notwithstanding anything to the
            contrary contained herein, (a) all financial statements delivered hereunder shall be prepared, and all financial covenants contained herein shall be calculated, without giving effect to any election under the Statement of Financial Accounting
            Standards No. 159 (or any similar accounting principle) permitting a Person to value its financial liabilities or Indebtedness at the fair value thereof, and (b) the term “unqualified opinion” as used herein to refer to opinions or reports
            provided by accountants shall mean an opinion or report that is (i) unqualified, and (ii) does not include any explanation, supplemental comment, or other comment concerning the ability of the applicable Person to continue as a going concern or
            concerning the scope of the audit (except for qualifications relating to (i) changes in accounting principles or practices reflecting changes in GAAP or the upcoming maturity date of any Indebtedness being scheduled to occur within twelve
            months from the time such report is delivered, in each case, required or approved by such independent certified public accountants and/or (ii) the breach or anticipated breach of any financial covenant).

           

          1.3         Code.  Any terms used in this Agreement that are defined in the Code or the
            Australian PPSA shall be construed and defined as set forth in the Code or the Australian PPSA unless otherwise defined herein; provided, that to the extent that the Code or the Australian PPSA is used to define any term herein and such
            term is defined differently in different Articles of the Code or the Australian PPSA, the definition of such term contained in Article 9 of the Code or the Australian PPSA, as applicable, shall govern.

           

          
            - 2 -

            
              

          

          1.4        Construction. Unless the context of this Agreement or any other Loan Document clearly requires otherwise, references to the plural
            include the singular, references to the singular include the plural, the terms “includes” and  “including” are not limiting, and the term “or” has, except where otherwise indicated, the inclusive meaning represented by the phrase “and/or.”  The
            words “hereof,” “herein,” “hereby,” “hereunder,” and similar terms in this Agreement or any other Loan Document refer to this Agreement or such other Loan Document, as the case may be, as a whole and not to any particular provision of this
            Agreement or such other Loan Document, as the case may be.  Section, subsection, clause, schedule, and exhibit references herein are to this Agreement unless otherwise specified.  Any reference in this Agreement or in any other Loan Document to
            any agreement, instrument, or document shall include all alterations, amendments, changes, extensions, modifications, renewals, replacements, substitutions, joinders, and supplements, thereto and thereof, as applicable (subject to any
            restrictions on such alterations, amendments, changes, extensions, modifications, renewals, replacements, substitutions, joinders, and supplements set forth herein).  The words “asset” and “property” shall be construed to have the same meaning
            and effect and to refer to any and all tangible and intangible assets and properties.  Any reference in this Agreement to Liens stated to be in favor of Administrative Agent shall be construed so as to include a reference to Liens granted in
            favor of Australian Security Trustee.  Any reference herein or in any other Loan Document to the satisfaction, repayment, or payment in full of the Obligations shall mean (a) the payment or repayment in full in immediately available funds of
            (i) the principal amount of, and interest accrued and unpaid with respect to, all outstanding Loans, together with the payment of any premium applicable to the repayment of the Loans, (ii) all Lender Group Expenses that have accrued and are
            unpaid regardless of whether demand has been made therefor, (iii) all fees or charges that have accrued hereunder or under any other Loan Document (including the Letter of Credit Fee and the Unused Line Fee) and are unpaid, (b) in the case of
            contingent reimbursement obligations with respect to Letters of Credit, providing Letter of Credit Collateralization, (c) in the case of obligations with respect to Bank Products (other than Hedge Obligations), providing Bank Product
            Collateralization, (d) the receipt by Administrative Agent of cash collateral in order to secure any other contingent Obligations for which a claim or demand for payment has been made on or prior to such time or in respect of matters or
            circumstances known to Administrative Agent or a Lender at such time that are reasonably expected to result in any loss, cost, damage, or expense (including attorneys’ fees and legal expenses), such cash collateral to be in such amount as
            Administrative Agent reasonably determines is appropriate to secure such contingent Obligations, (e) the payment or repayment in full in immediately available funds of all other outstanding Obligations (including the payment of any termination
            amount then applicable (or which would or could become applicable as a result of the repayment of the other Obligations) under Hedge Agreements provided by Hedge Providers) other than (i) unasserted contingent indemnification Obligations, (ii)
            any Bank Product Obligations (other than Hedge Obligations) that, at such time, are allowed by the applicable Bank Product Provider to remain outstanding without being required to be repaid or cash collateralized, and (iii) any Hedge
            Obligations that, at such time, are allowed by the applicable Hedge Provider to remain outstanding without being required to be repaid, and (f) the termination of all of the Commitments of the Lenders.  Any reference herein to any Person shall
            be construed to include such Person’s successors and assigns.  Any requirement of a writing contained herein or in any other Loan Document shall be satisfied by the transmission of a Record.

           

          1.5         Time References. Unless the context of this Agreement or any other Loan
            Document clearly requires otherwise, all references to time of day refer to Eastern standard time or Eastern daylight saving time, as in effect in New York, New York on such day.  For purposes of the computation of a period of time from a
            specified date to a later specified date, the word “from” means “from and including” and the words “to” and “until” each means “to and including”; provided that, with respect to a computation of fees or interest payable to
            Administrative Agent, either Co-Collateral Agent, the Australian Security Trustee or any Lender, such period shall in any event consist of at least one full day.

           

          1.6          Schedules and Exhibits. All of the schedules and exhibits attached to this
            Agreement shall be deemed incorporated herein by reference.

           

          1.7          Co-Collateral Agent Determinations. With respect to any discretionary action or determination to be taken
            or made by Co-Collateral Agents hereunder or under any of the other Loan Documents, Co-Collateral Agents shall seek, in good faith, to reach a consensus decision for such discretionary action or determination; if, after consulting in good
            faith, Co-Collateral Agents are unable to agree on the discretionary action to be taken or the determination to be made, the determination or discretionary action shall be made by Co-Collateral Agents either asserting the most conservative
            credit judgment (including, without limitation, that would result in the least amount of credit being available to the Borrowers under this Agreement) or declining to permit the discretionary action for which consent is being sought by the
            Borrowers, as applicable.

           

          1.8      Currency Translation. For purposes of this Agreement and the other Loan Documents, where the
            permissibility of a transaction or determinations of required actions or circumstances depend upon compliance with, or are determined by reference to, amounts stated in US Dollars, unless the context of this Agreement or any other Loan Document
            clearly requires otherwise, such amounts shall be deemed to refer to US Dollars or US Dollar Equivalents and any requisite currency translation shall be based on the Exchange Rate and the permissibility of actions already taken shall not be
            affected by subsequent fluctuations in the Exchange Rate; provided, that, if Indebtedness is incurred to refinance or renew other Indebtedness, and such refinancing or renewal would cause the applicable US Dollar denominated limitation
            to be exceeded if calculated at the Exchange Rate, such US Dollar denominated restriction shall be deemed not to have been exceeded so long as (a) such refinancing or renewal Indebtedness is denominated in the same currency as such Indebtedness
            being refinanced or renewed and (b) the principal amount of such refinancing or renewal Indebtedness does not exceed the principal amount of such Indebtedness being refinanced or renewed, except as permitted under Section 6.1.  Unless otherwise
            provided herein, all certificates, reports and notices delivered under this Agreement shall express any amounts, calculations or determinations in US Dollars or the US Dollar Equivalent.

           

          
            - 3 -

            
              

          

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

           

          1.10       Australian Terms. Without prejudice to the generality of any provision of this Agreement, in this
            Agreement where it relates to an Australian Loan Party or any Australian Subsidiaries, a reference in this Agreement to:

           

          (a)          “Account Debtor” also includes any “account debtor” as defined in section 10 of the Australian PPSA;

           

          (b)          “Accounts” also includes any “account” as defined in section 10 of the Australian PPSA;

           

          (c)          “Affiliate” has the meaning given to it in section 50AA of the Australian Corporations Act;

           

          (d)          “Controller”, “receiver” or “receiver manager” has the meaning given to it in section 9 of the Australian Corporations Act;

           

          (e)          “GAAP” means accounting principles and practices consistently applied which are generally accepted in Australian and are consistent with any
            applicable legislation, including instruments in force under section 334 of the Australian Corporations Act and provisions of such instruments; and

           

          (f)          “Subsidiary” means a subsidiary within the meaning given in Part 1.2 Division 6 of the Australian Corporations Act.

           

          1.11        Banking Code of Practice (Australia). The parties agree that the Australian
            Banking Association Banking Code of Practice does not apply to the Loan Documents nor the transactions under them.

           

          1.12    Additional Borrowers. Notwithstanding anything in Section 14.1 to the contrary, following the Fifth
            Amendment Effective Date, Administrative Borrower may request that one or more of its Wholly-Owned Subsidiaries that is a US Subsidiary and/or Australian Subsidiary may be added as an additional Borrower under this Agreement by delivering to
            the Administrative Agent (or Australian Security Trustee, as applicable) a borrower joinder agreement in form and substance reasonably satisfactory to the Administrative Agent (or Australian Security Trustee, as applicable) executed by such
            subsidiary and Administrative Borrower.  Subject to compliance with Section 5.11 hereof, such subsidiary shall for all purposes of this Agreement be a Borrower hereunder after the later of (i) 10 Business Days (or such shorter period as the
            Administrative Agent shall agree) after delivery of such borrower joinder agreement and (ii) receipt by the Lenders, the Issuing Bank and the Administrative Agent (or Australian Security Trustee, as applicable) of such documentation and other
            information reasonably requested by the Lenders, the Issuing Bank or the Administrative Agent (or Australian Security Trustee, as applicable) for purposes of complying with all necessary “know your customer” or other similar checks under
            applicable law, which documentation and information shall be reasonably satisfactory to Lenders; provided, that (a) each additional Borrower shall also be a Guarantor with respect to the Obligations of the other Borrowers and (b) the
            Equity Interests of any such additional Borrower shall be pledged pursuant to, and to the extent required by this Agreement.  Any obligations in respect of borrowings by any additional Borrower under this Agreement will constitute “Obligations”
            for all purposes of the Loan Documents.

           

          
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          1.13       Rates; LIBOR Notification. The interest rate on LIBOR Rate Loans and Base Rate Loans (when determined by reference to clause (b)
            of the definition of “Base Rate”) is determined by reference to USD LIBOR, which is derived from the London interbank offered rate.  The London interbank offered rate is intended to represent the rate at which contributing banks may obtain
            short-term borrowings from each other in the London interbank market.  In July 2017, the U.K. Financial Conduct Authority announced that, after the end of 2021, it would no longer persuade or compel contributing banks to make rate submissions
            to the ICE Benchmark Administration (together with any successor to the ICE Benchmark Administrator, the “IBA”) for purposes of the IBA setting the London interbank offered rate. As a result, it is possible that commencing in 2022, the London
            interbank offered rate may no longer be available or may no longer be deemed an appropriate reference rate upon which to determine the interest rate on LIBOR Rate Loans or Base Rate Loans (when determined by reference to clause (b) of
            the definition of “Base Rate”). In light of this eventuality, public and private sector industry initiatives have been and continue, as of the date hereof, to be underway to identify new or alternative reference rates to be used in place of the
            London interbank offered rate.  In the event that the London interbank offered rate or any other then-current Benchmark is no longer available or in certain other circumstances set forth in Section 2.12(d), such Section 2.12(d)
            provides a mechanism for determining an alternative rate of interest. The Administrative Agent will notify Administrative Borrower in advance, pursuant to Section 2.12(d), of any change to the reference rate upon which the interest rate
            on LIBOR Rate Loans and Base Rate Loans (when determined by reference to clause (b) of the definition of “Base Rate”) is based.  However, the Administrative Agent does not warrant or accept any responsibility for, and shall not have any
            liability with respect to, (i) the administration of, submission of, calculation of or any other matter related to the London interbank offered rate or other rates in the definition of “USD LIBOR” or with respect to any alternative, comparable
            or successor rate thereto, or replacement rate thereof (including any then-current Benchmark or any Benchmark Replacement), including whether the composition or characteristics of any such alternative, successor or replacement reference rate
            (including any Benchmark Replacement), as it may or may not be adjusted pursuant to Section 2.12(d), will be similar to, or produce the same value or economic equivalence of, USD LIBOR or any other Benchmark, or have the same volume or
            liquidity as did the London interbank offered rate or any other Benchmark prior to its discontinuance or unavailability, or (ii) the effect, implementation or composition of any Benchmark Replacement Conforming Changes.

           

          1.14      Certain Calculations. Notwithstanding anything to the contrary herein, for all purposes of calculating Consolidated EBITDA or the Fixed
            Charge Coverage Ratio (including any component definition thereof) under this Agreement as of any date:

           

          (a)       for any period during which one or more Specified Transactions occurs, (i) such Specified Transaction (and all other Specified Transactions that have been consummated during the
            applicable period) shall be deemed to have occurred as of the first day of the applicable period of measurement, (ii) there shall be included in determining Consolidated EBITDA for such period, without duplication, the Acquired EBITDA of any
            Person or business, or attributable to any property or asset, acquired by Parent or any Subsidiary during such period (but not the Acquired EBITDA of any related Person or business or any Acquired EBITDA attributable to any assets or property,
            in each case to the extent not so acquired) in connection with a Permitted Acquisition to the extent not subsequently sold, transferred, abandoned or otherwise disposed of by Parent or such Subsidiary during such period, 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 (iii) there shall be excluded in determining Consolidated EBITDA for such period, without duplication,
            the Disposed EBITDA of any Person or business, or attributable to any property or asset, disposed of by Parent or any Subsidiary during such period in connection with a Specified Disposition or discontinuation of operations, based on the
            Disposed EBITDA of such disposed entity or business or discontinued operations for such period (including the portion thereof occurring prior to such Disposition or discontinuation); provided, that the foregoing amounts shall be without
            duplication of any adjustments that are already included in the calculation of Consolidated EBITDA; and

           

          
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          (b)         in the event that Parent or any Subsidiary thereof incurs (including by assumption or guarantees) or repays (including by redemption, repayment, retirement, discharge, defeasance or
            extinguishment) any Indebtedness included in the calculations of any financial ratio or test (in each case, other than Indebtedness incurred or repaid under any revolving credit facility in the ordinary course of business for working capital
            purposes), (i) during the applicable measurement period or (ii) subsequent to the end of the applicable measurement period and prior to or simultaneously with the event for which the calculation of any such ratio is made, then such financial
            ratio or test shall be calculated giving pro forma effect to such incurrence or repayment of Indebtedness, to the extent required, as if the same had occurred on the first day of the
            applicable measurement period (assuming that the entire amount of such Indebtedness is fully funded on such date but without netting any cash proceeds of such Indebtedness) and any such Indebtedness that is incurred (including by assumption or
            guarantee) that has a floating or formula rate of interest shall have an implied rate of interest for the applicable period determined by utilizing the rate which is or would be in effect with respect to such Indebtedness as of the relevant
            date of determination.

           

          
            
              	
                      2.

                    	
                      LOANS AND TERMS OF PAYMENT.

                    

            

          

           

          2.1          Revolving Loans.

           

          (a)        Subject to the terms and conditions of this Agreement, and during the term of this Agreement, each Revolving Lender agrees (severally, not jointly or jointly and severally) to make,
            from time to time, (i) revolving loans to US Borrowers in US Dollars (each, a “US Revolving Loan” and collectively, “US Revolving Loans”), and (ii) revolving loans to Australian Borrowers in US Dollars or Australian Dollars (each,
            an “Australian Revolving Loan” and collectively, “Australian Revolving Loans”, and together with US Revolving Loans, individually a “Revolving Loan” and collectively, “Revolving Loans”); provided, that:

           

          (A)          any Revolving Loans shall be denominated in US Dollars (except with respect to Australian Bill Rate Loans, which shall be denominated in Australian Dollars),

           

          (B)          Revolving Loans shall not be made, and shall not be required to be made, by any Lender in the event that, after giving effect to such Revolving Loans, the Total Revolver Usage
            would exceed the lesser of (1) the Revolver Commitments at such time, (2) the Total Borrowing Base (based upon the most recent Borrowing Base Certificate delivered by Borrowers to Administrative Agent and Co-Collateral Agents) at such time and
            (3) the Trailing 90 Day Collections reflected on the then most recent Trailing 90 Day Collections Report,

           

          (C)           US Revolving Loans shall not be made, and shall not be required to be made, by any Lender in the event that, after giving effect to such US Revolving Loans, the US Revolver Usage
            would exceed the lesser of (1) the Maximum US Loan Amount as then in effect, (2) the Total Borrowing Base at such time (based upon the most recent Borrowing Base Certificate delivered by Borrowers to Administrative Agent and Co-Collateral
            Agents) and (3) the Trailing 90 Day Collections reflected on the then most recent Trailing 90 Day Collections Report,

           

          (D)          Australian Revolving Loans shall not be made, and shall not be required to be made, by any Lender in the event that after giving effect to such Australian Revolving Loans, the
            Australian Revolver Usage would exceed the lesser of (1) the Maximum Australian Loan Amount as then in effect, (2) the Australian Borrowing Base at such time (based upon the most recent Borrowing Base Certificate delivered by Borrowers to
            Administrative Agent and Co-Collateral Agents) and (3) the Trailing 90 Day Collections with respect to Accounts of Australian Borrowers reflected on the then most recent Trailing 90 Day Collections Report, and

           

          (E)          Revolving Loans shall not be made, and shall not be required to be made, by any Lender in the event that after giving effect to such Revolving Loans, the Pro Rata Share of such
            Lender in the Total Revolver Usage would exceed such Lender’s Revolver Commitment.

           

          
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          (b)         Amounts borrowed pursuant to this Section 2.1 may be repaid and, subject to the terms and conditions of this Agreement, reborrowed at any time during the term of this
            Agreement.  The outstanding principal amount of the Revolving Loans, together with interest accrued and unpaid thereon, shall constitute Obligations and shall be due and payable on the Maturity Date or, if earlier, on the date on which they are
            declared due and payable pursuant to the terms of this Agreement.

           

          (c)         Anything to the contrary in this Section 2.1 notwithstanding, Co-Collateral Agents shall have the right (but not the obligation), in the
              exercise of their Permitted Discretion, to establish and increase or decrease Receivable Reserves, Bank Product Reserves, Australian Priority Payables Reserves (solely with respect to the Australian Borrowing Base), and other Reserves against
              any Borrowing Base, the Trailing 90 Day Collections, the Maximum US Loan Amount (in the case of the US Borrowing Base), the Maximum Australian Loan Amount (in the case of the Australian Borrowing Base) or the Maximum Revolver Amount.  The amount of any Receivable Reserve, Bank Product Reserve, Australian Priority Payables Reserve (solely with respect to the Australian Borrowing Base), or other Reserve established by Co-Collateral Agents shall have a reasonable relationship to the event, condition, other circumstance, or fact that is the basis for such reserve and shall not be duplicative of any other reserve established and currently maintained. 
              Upon establishment or increase in reserves, Co-Collateral Agents agree to make themselves available to discuss the reserve or increase, and Borrowers may take such action as may be required so that the
              event, condition, circumstance, or fact that is the basis for such reserve or increase no longer exists, in a manner and to the extent reasonably satisfactory to Co-Collateral Agents in the exercise of
              their Permitted Discretion.  In no event shall such opportunity limit the right of Administrative Agent to establish or change such Receivable Reserve, Bank Product Reserve, Australian Priority Payables Reserve (solely with respect to the
              Australian Borrowing Base), or other Reserves, unless Co-Collateral Agents shall have determined, in their Permitted Discretion, that the event, condition, other circumstance, or fact that was the basis
              for such Receivable Reserve, Bank Product Reserve, Australian Priority Payables Reserve (solely with respect to the Australian Borrowing Base), or other Reserves or such change no longer exists or has otherwise been adequately addressed by
              Borrowers.

           

          2.2         [Reserved].

           

          2.3         Borrowing Procedures and Settlements.

           

          (a)         Procedure for Borrowing Revolving Loans. Each Borrowing shall be made by a written request by an Authorized Person delivered to
            Administrative Agent (which may be delivered through Administrative Agent’s electronic platform or portal) and received by Administrative Agent no later than 11:00 a.m. (i) on the Business Day that is the requested Funding Date in the case of a
            request for a Swing Loan, (ii) on the Business Day that is one (1) Business Day prior to the requested Funding Date in the case of all other requests (other than in connection with a request for a LIBOR Rate Loan or an Australian Bill Rate
            Loan), (iii) on the Business Day that is three (3) Business Day prior to the requested Funding Date in the case of a LIBOR Rate Loan,  and (iv) on the Business Day that is four (4) Business Day prior to the requested Funding Date in the case of
            Australian Bill Rate Loans, in each case, specifying (A) the name of the applicable Borrower, (B) the Available Currency of the requested Revolving Loan,  (C) whether the Revolving Loan requested will consist of a US Revolving Loan or an
            Australian Revolving Loan, (D) whether such Revolving Loans are to be Base Rate Loans, LIBOR Rate Loans or Australian Bill Rate Loans, (E) the amount of such Borrowing, and (F) the requested Funding Date (which shall be a Business Day); provided,
            that Administrative Agent may, in its sole discretion, elect to accept as timely requests that are received later than 11:00 a.m. on the applicable Business Day. All Borrowing requests which are not made on-line via Administrative Agent’s
            electronic platform or portal shall be subject to (and unless Administrative Agent elects otherwise in the exercise of its sole discretion, such Borrowings shall not be made until the completion of) Administrative Agent’s authentication process
            (with results satisfactory to Administrative Agent) prior to the funding of any such Revolving Loan.

           

          
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          (b)         Making of Swing Loans.  In the case of a request for a US Revolving Loan and so long as either (i) the aggregate amount of Swing Loans made
            since the last Settlement Date, minus all payments or other amounts applied to Swing Loans since the last Settlement Date, plus the amount of the requested Swing Loan does not exceed $25,000,000, or
            (ii) Swing Lender, in its sole discretion, agrees to make a Swing Loan notwithstanding the foregoing limitation, Swing Lender shall make a US Revolving Loan (any such US Revolving Loan made by Swing Lender pursuant to this Section 2.3(b)
            being referred to as a “Swing Loan” and all such US Revolving Loans being referred to as “Swing Loans”) available to Borrowers on the Funding Date applicable thereto by transferring immediately available funds in the amount of
            such requested Borrowing to the Designated Account. Each Swing Loan shall be deemed to be a US Revolving Loan hereunder and shall be subject to all the terms and conditions (including Section 3) applicable to other US Revolving Loans,
            except that all payments (including interest) on any Swing Loan shall be payable to Swing Lender solely for its own account.  Subject to the provisions of Section 2.3(d)(ii), Swing Lender shall not make and shall not be obligated to
            make any Swing Loan if Swing Lender has actual knowledge that (i) one or more of the applicable conditions precedent set forth in Section 3.2 will not be satisfied on the requested Funding Date for the applicable Borrowing, (ii) the
            requested Borrowing would exceed the Total Availability on such Funding Date or (iii) the requested Borrowing would exceed the US Availability on such Funding Date.  Swing Lender shall not otherwise be required to determine whether the
            applicable conditions precedent set forth in Section 3 have been satisfied on the Funding Date applicable thereto prior to making any Swing Loan.  The Swing Loans shall be secured by Agent’s Liens, constitute US Revolving Loans and
            Obligations, and bear interest at the rate applicable from time to time to US Revolving Loans that are LIBOR Rate Loans,

           

          (c)          Making of Revolving Loans.

           

          (i)         In the event that Swing Lender is not obligated to make a Swing Loan, then after receipt of a request for a Borrowing pursuant to Section 2.3(a), Administrative Agent shall
            notify the Lenders by telecopy, telephone, email, or other electronic form of transmission, of the requested Borrowing; such notification to be sent on the Business Day that is one (1) Business Day prior to the requested Funding Date.  If
            Administrative Agent has notified the Lenders of a requested Borrowing on the Business Day that is one (1) Business Day prior to the Funding Date, then each Lender shall make the amount of such Lender’s Pro Rata Share of the requested Borrowing
            available to Administrative Agent in immediately available funds, to Administrative Agent’s Account, not later than 10:00 a.m. on the Business Day that is the requested Funding Date.  After Administrative Agent’s receipt of the proceeds of such
            Revolving Loans from the Lenders, Administrative Agent shall make the proceeds thereof available to Borrowers on the applicable Funding Date by transferring immediately available funds equal to such proceeds received by Administrative Agent to
            the Designated Account; provided, that, subject to the provisions of Section 2.3(d)(ii), no Lender shall have an obligation to make any Revolving Loan, if (1) one or more of the applicable conditions precedent set forth in Section

              3.2 will not be satisfied on the requested Funding Date for the applicable Borrowing unless such condition has been waived, (2) the requested Borrowing would exceed the Total Availability on such Funding Date, (3) the requested Borrowing
            would exceed the US Availability on such Funding Date or (4) the requested Borrowing would exceed the Australian Availability on such Funding Date.

           

          (ii)        Unless Administrative Agent receives notice from a Lender prior to 9:30 a.m. on the Business Day that is the requested Funding Date relative to a requested Borrowing as to which
            Administrative Agent has notified the Lenders of a requested Borrowing that such Lender will not make available as and when required hereunder to Administrative Agent for the account of Borrowers the amount of that Lender’s Pro Rata Share of
            the Borrowing, Administrative Agent may assume that each Lender has made or will make such amount available to Administrative Agent in immediately available funds on the Funding Date and Administrative Agent may (but shall not be so required),
            in reliance upon such assumption, make available to Borrowers a corresponding amount.  If, on the requested Funding Date, any Lender shall not have remitted the full amount that it is required to make available to Administrative Agent in
            immediately available funds and if Administrative Agent has made available to Borrowers such amount on the requested Funding Date, then such Lender shall make the amount of such Lender’s Pro Rata Share of the requested Borrowing available to
            Administrative Agent in immediately available funds, to Administrative Agent’s Account, no later than 10:00 a.m. on the Business Day that is the first Business Day after the requested Funding Date (in which case, the interest accrued on such
            Lender’s portion of such Borrowing for the Funding Date shall be for Administrative Agent’s separate account).  If any Lender shall not remit the full amount that it is required to make available to Administrative Agent in immediately available
            funds as and when required hereby and if Administrative Agent has made available to Borrowers such amount, then that Lender shall be obligated to immediately remit such amount to Administrative Agent, together with interest at the Defaulting
            Lender Rate for each day until the date on which such amount is so remitted.  A notice submitted by Administrative Agent to any Lender with respect to amounts owing under this Section 2.3(c)(ii) shall be conclusive, absent manifest
            error.  If the amount that a Lender is required to remit is made available to Administrative Agent, then such payment to Administrative Agent shall constitute such Lender’s Revolving Loan for all purposes of this Agreement.  If such amount is
            not made available to Administrative Agent on the Business Day following the Funding Date, Administrative Agent will notify Borrowers of such failure to fund and, upon demand by Administrative Agent, Borrowers shall pay such amount to
            Administrative Agent for Administrative Agent’s account, together with interest thereon for each day elapsed since the date of such Borrowing, at a rate per annum equal to the interest rate applicable at the time to the Revolving Loans
            composing such Borrowing.

           

          
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          (d)          Protective Advances and Optional Overadvances.

           

          (i)          Any contrary provision of this Agreement or any other Loan Document notwithstanding, but subject to Section 2.3(d)(iv), at any time (A) after the occurrence and during the
            continuance of a Default or an Event of Default, or (B) that any of the other applicable conditions precedent set forth in Section 3.2 are not satisfied, Administrative Agent and each Co-Collateral Agent hereby is authorized by
            Borrowers and the Lenders, from time to time, in Administrative Agent’s or such Co-Collateral Agent’s sole discretion, to make Revolving Loans to, or for the benefit of, Borrowers, on behalf of the Revolving Lenders, that Administrative Agent
            or either Co-Collateral Agent, in its Permitted Discretion, deems necessary or desirable (1) to preserve or protect the Collateral, or any portion thereof, or (2) to enhance the likelihood of repayment of the Obligations (other than the Bank
            Product Obligations) (the Revolving Loans described in this Section 2.3(d)(i) shall be referred to as “Protective Advances”). Administrative Agent shall endeavor to give Borrowers prompt written notice of the making of any
            Protective Advances, but a failure of Administrative Agent to so notify Borrowers shall not be a breach of this Agreement and shall not cause such Protective Advance to be ineffective.  Notwithstanding the foregoing, the aggregate amount of all
            Protective Advances and all Overadvances outstanding at any one time shall not exceed five percent (5%) of the Maximum Revolver Amount. The Required Lenders may revoke the authorization of Administrative Agent and Co-Collateral Agents to make
            Protective Advances, it being agreed that any such revocation must be in writing and shall become effective prospectively thirty (30) days after receipt of written notice to Administrative Agent and Co-Collateral Agents.

           

          (ii)         Any contrary provision of this Agreement or any other Loan Document notwithstanding, but subject to Section 2.3(d)(iv), the Lenders hereby authorize Administrative Agent
            or Swing Lender, as applicable, and either Administrative Agent or Swing Lender, as applicable, may, but is not obligated to, knowingly and intentionally, continue to make Revolving Loans (including Swing Loans) to Borrowers notwithstanding
            that an Overadvance exists or would be created thereby, so long as (A) after giving effect to such Revolving Loans and any outstanding Protective Advances, the outstanding Total Revolver Usage does not
            exceed the lesser of the Total Borrowing Base or the Trailing 90 Day Collections by more than five percent (5%) of the Maximum Revolver Amount, and (B) after giving effect to such Revolving Loans, the outstanding Total Revolver Usage (except
            for and excluding amounts charged to a Loan Account for interest, fees, or Lender Group Expenses) does not exceed the Maximum Revolver Amount.  In the event Administrative Agent obtains actual knowledge that the Total Revolver Usage exceeds the
            amounts permitted by the immediately foregoing provisions, regardless of the amount of, or reason for, such excess, Administrative Agent shall notify the Lenders as soon as practicable (and prior to making any (or any additional) intentional
            Overadvances (except for and excluding amounts charged to a Loan Account for interest, fees, or Lender Group Expenses) unless Administrative Agent determines that prior notice would result in imminent harm to the Collateral or its value, in
            which case Administrative Agent may make such Overadvances and provide notice as promptly as practicable thereafter), and the Lenders with Revolver Commitments thereupon shall, together with Administrative Agent, jointly determine the terms of
            arrangements that shall be implemented with Borrowers intended to reduce, within a reasonable time, the outstanding principal amount of the Revolving Loans to Borrowers to an amount permitted by the preceding sentence.  In such circumstances,
            if any Lender with a Revolver Commitment objects to the proposed terms of reduction or repayment of any Overadvance, the terms of reduction or repayment thereof shall be implemented according to the determination of the Required Lenders.  The
            foregoing provisions are meant for the benefit of the Lenders and Administrative Agent and are not meant for the benefit of Borrowers, which shall continue to be bound by the provisions of Section 2.4(e).  Each Lender with a Revolver
            Commitment shall be obligated to settle with Administrative Agent as provided in Section 2.3(e) (or Section 2.3(g), as applicable) for the amount of such Lender’s Pro Rata Share of any unintentional Overadvances by
            Administrative Agent reported to such Lender, any intentional Overadvances made as permitted under this Section 2.3(d)(ii), and any Overadvances resulting from the charging to a Loan Account of interest, fees or Lender Group Expenses.

           

          
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          (iii)        Each Protective Advance and each Overadvance (each, an “Extraordinary Advance”) shall be deemed to be a Revolving Loan hereunder, except that no Extraordinary Advance shall
            be eligible to be a LIBOR Rate Loan and, prior to Settlement therefor, all payments on the Extraordinary Advances shall be payable to Administrative Agent solely for its own account or for the account of Co-Collateral Agents, as applicable. 
            The Extraordinary Advances shall be repayable on demand, secured by Agent’s Liens, constitute Obligations hereunder, and bear interest at the rate applicable from time to time to Revolving Loans that are LIBOR Rate Loans. The provisions of this
            Section 2.3(d) are for the exclusive benefit of Administrative Agent, Co-Collateral Agents, Swing Lender, and the Lenders and are not intended to benefit Borrowers (or any other Loan Party) in any way.

           

          (iv)        Notwithstanding anything contained in this Agreement or any other Loan Document to the contrary: (A) no Extraordinary Advance may be made by Administrative Agent or a Co-Collateral
            Agent if such Extraordinary Advance would cause the aggregate principal amount of Extraordinary Advances outstanding to exceed an amount equal to 5% of the Maximum Revolver Amount; and (B) to the extent that the making of any Extraordinary
            Advance causes the aggregate Total Revolver Usage to exceed the Maximum Revolver Amount, such portion of such Extraordinary Advance shall be for Administrative Agent’s or Co-Collateral Agents’ sole and separate account, as applicable, and not
            for the account of any Lender and shall be entitled to priority in repayment in accordance with Section 2.4(b).

           

          (e)         Settlement.  It is agreed that each Lender’s funded portion of the Revolving Loans is intended by the Lenders to equal, at all times, such
            Lender’s Pro Rata Share of the outstanding Revolving Loans.  Such agreement notwithstanding, Administrative Agent, Swing Lender, and the other Lenders agree (which agreement shall not be for the benefit of Borrowers) that in order to facilitate
            the administration of this Agreement and the other Loan Documents, settlement among the Lenders as to the Revolving Loans, the Swing Loans, and the Extraordinary Advances shall take place on a periodic basis in accordance with the following
            provisions:

           

          (i)          Administrative Agent shall request settlement (“Settlement”) with the Lenders on a weekly basis, or on a more frequent basis if so determined by Administrative Agent in its
            sole discretion or, with respect to Protective Advances, as requested by the applicable Co-Collateral Agent (1) on behalf of Swing Lender, with respect to the outstanding Swing Loans, (2) for itself or Co-Collateral Agents, as applicable, with
            respect to the outstanding Extraordinary Advances, and (3) with respect to Borrowers’ or any of their Subsidiaries’ payments or other amounts received, as to each by notifying the Lenders by telecopy, telephone, or other similar form of
            transmission, of such requested Settlement, no later than 2:00 p.m. on the Business Day immediately prior to the date of such requested Settlement (the date of such requested Settlement being the “Settlement Date”).  Such notice of a
            Settlement Date shall include a summary statement of the amount of outstanding Revolving Loans, Swing  Loans, and Extraordinary Advances for the period since the prior Settlement Date.  Subject to the terms and conditions contained herein
            (including Section 2.3(g)):  (y) if the amount of the Revolving Loans (including Swing Loans, and Extraordinary Advances) made by a Lender that is not a Defaulting Lender exceeds such Lender’s Pro Rata Share of the Revolving Loans
            (including Swing Loans, and Extraordinary Advances) as of a Settlement Date, then Administrative Agent shall, by no later than 12:00 p.m. on the Settlement Date, transfer in immediately available funds to a Deposit Account of such Lender (as
            such Lender may designate), an amount such that each such Lender shall, upon receipt of such amount, have as of the Settlement Date, its Pro Rata Share of the Revolving Loans (including Swing Loans and Extraordinary Advances), and (z) if the
            amount of the Revolving Loans (including Swing Loans and Extraordinary Advances) made by a Lender is less than such Lender’s Pro Rata Share of the Revolving Loans (including Swing Loans and Extraordinary Advances) as of a Settlement Date, such
            Lender shall no later than 12:00 p.m. on the Settlement Date transfer in immediately available funds to Administrative Agent’s Account, an amount such that each such Lender shall, upon transfer of such amount, have as of the Settlement Date,
            its Pro Rata Share of the Revolving Loans (including Swing Loans and Extraordinary Advances).  Such amounts made available to Administrative Agent under clause (z) of the immediately preceding sentence shall be applied against the amounts of
            the applicable Swing Loans or Extraordinary Advances and, together with the portion of such Swing Loans or Extraordinary Advances representing Swing Lender’s Pro Rata Share thereof, shall constitute Revolving Loans of such Lenders.  If any such
            amount is not made available to Administrative Agent by any Lender on the Settlement Date applicable thereto to the extent required by the terms hereof, Administrative Agent shall be entitled to recover for its account such amount on demand
            from such Lender together with interest thereon at the Defaulting Lender Rate.

           

          
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          (ii)         In determining whether a Lender’s balance of the Revolving Loans, Swing Loans, and Extraordinary Advances is less than, equal to, or greater than such Lender’s Pro Rata Share of
            the Revolving Loans, Swing Loans, and Extraordinary Advances as of a Settlement Date, Administrative Agent shall, as part of the relevant Settlement, apply to such balance the portion of payments actually received in good funds by
            Administrative Agent with respect to principal, interest, fees payable by Borrowers and allocable to the Lenders hereunder, and proceeds of Collateral.

           

          (iii)      Between Settlement Dates, Administrative Agent or Co-Collateral Agents, as applicable, to the extent Extraordinary Advances are outstanding, or Administrative Agent, to the extent
            Swing Loans are outstanding, may pay over to Administrative Agent, Co-Collateral Agents or Swing Lender, as applicable, any payments or other amounts received by Administrative Agent, that in accordance with the terms of this Agreement would be
            applied to the reduction of the Revolving Loans, for application to the Extraordinary Advances or Swing Loans.  Between Settlement Dates, Administrative Agent, to the extent no Extraordinary Advances or Swing Loans are outstanding, may pay over
            to Swing Lender any payments or other amounts received by Administrative Agent, that in accordance with the terms of this Agreement would be applied to the reduction of the Revolving Loans, for application to Swing Lender’s Pro Rata Share of
            the Revolving Loans.  If, as of any Settlement Date, payments or other amounts of Borrowers or their Subsidiaries received since the then immediately preceding Settlement Date have been applied to Swing Lender’s Pro Rata Share of the Revolving
            Loans other than to Swing Loans, as provided for in the previous sentence, Swing Lender shall pay to Administrative Agent for the accounts of the Lenders, and Administrative Agent shall pay to the Lenders (other than a Defaulting Lender if
            Administrative Agent has implemented the provisions of Section 2.3(g)), to be applied to the outstanding Revolving Loans of such Lenders, an amount such that each such Lender shall, upon receipt of such amount, have, as of such
            Settlement Date, its Pro Rata Share of the Revolving Loans.  During the period between Settlement Dates, Swing Lender with respect to Swing Loans, Administrative Agent and Co-Collateral Agents, as applicable, with respect to Extraordinary
            Advances, and each Lender with respect to the Revolving Loans other than Swing Loans and Extraordinary Advances, shall be entitled to interest at the applicable rate or rates payable under this Agreement on the daily amount of funds employed by
            Swing Lender, Administrative Agent, Co-Collateral Agents, or the Lenders, as applicable.

           

          (iv)     Anything in this Section 2.3(e) to the contrary notwithstanding, in the event that a Lender is a Defaulting Lender, Administrative Agent shall be entitled to refrain from
            remitting settlement amounts to the Defaulting Lender and, instead, shall be entitled to elect to implement the provisions set forth in Section 2.3(g).

           

          (f)          [Reserved].

           

          
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          (g)          Defaulting Lenders.

           

          (i)          Notwithstanding the provisions of Section 2.4(b)(iii), Administrative Agent shall not be obligated to transfer to a Defaulting Lender any payments made by Borrowers to
            Administrative Agent for the Defaulting Lender’s benefit or any proceeds of Collateral that would otherwise be remitted hereunder to the Defaulting Lender, and, in the absence of such transfer to the Defaulting Lender, Administrative Agent
            shall transfer any such payments (A) first, to Swing Lender to the extent of any Swing Loans that were made by Swing Lender and that were required to be, but were not, paid by the Defaulting Lender, (B) second, to Issuing Bank, to the extent of
            the portion of a Letter of Credit Disbursement that was required to be, but was not, paid by the Defaulting Lender, (C) third, to each Non-Defaulting Lender ratably in accordance with their Commitments (but, in each case, only to the extent
            that such Defaulting Lender’s portion of a Revolving Loan (or other funding obligation) was funded by such other Non-Defaulting Lender), (D) to a suspense account maintained by Administrative Agent, the proceeds of which shall be retained by
            Administrative Agent and may be made available to be re-advanced to or for the benefit of Borrowers (upon the request of Borrowers and subject to the conditions set forth in Section 3.2) as if such Defaulting Lender had made its portion
            of Revolving Loans (or other funding obligations) hereunder, and (E) from and after the date on which all other Obligations have been paid in full, to such Defaulting Lender in accordance with tier (L) of Section 2.4(b)(iii).  Subject
            to the foregoing, Administrative Agent may hold and, in its discretion, re-lend to Borrowers for the account of such Defaulting Lender the amount of all such payments received and retained by Administrative Agent for the account of such
            Defaulting Lender.  Solely for the purposes of voting or consenting to matters with respect to the Loan Documents (including the calculation of Pro Rata Share in connection therewith) and for the purpose of calculating the fee payable under Section

              2.10(b), such Defaulting Lender shall be deemed not to be a “Lender” and such Lender’s Commitment shall be deemed to be zero; provided, that the foregoing shall not apply to any of the matters governed by Section 14.1(a)(i)
            through (iii).  The provisions of this Section 2.3(g) shall remain effective with respect to such Defaulting Lender until the earlier of (y) the date on which all of the Non-Defaulting Lenders, Administrative Agent, Issuing
            Bank, and Borrowers shall have waived, in writing, the application of this Section 2.3(g) to such Defaulting Lender, or (z) the date on which such Defaulting Lender makes payment of all amounts that it was obligated to fund hereunder,
            pays to Administrative Agent all amounts owing by Defaulting Lender in respect of the amounts that it was obligated to fund hereunder, and, if requested by Administrative Agent, provides adequate assurance of its ability to perform its future
            obligations hereunder (on which earlier date, so long as no Event of Default has occurred and is continuing, any remaining cash collateral held by Administrative Agent pursuant to Section 2.3(g)(ii) shall be released to Borrowers).  The
            operation of this Section 2.3(g) shall not be construed to increase or otherwise affect the Commitment of any Lender, to relieve or excuse the performance by such Defaulting Lender or any other Lender of its duties and obligations
            hereunder, or to relieve or excuse the performance by any Borrower of its duties and obligations hereunder to Administrative Agent, Issuing Bank, or to the Lenders other than such Defaulting Lender.  Any failure by a Defaulting Lender to fund
            amounts that it was obligated to fund hereunder shall constitute a material breach by such Defaulting Lender of this Agreement and shall entitle Borrowers, at their option, upon written notice to Administrative Agent, to arrange for a
            substitute Lender to assume the Commitment of such Defaulting Lender, such substitute Lender to be reasonably acceptable to Administrative Agent.  In connection with the arrangement of such a substitute Lender, the Defaulting Lender shall have
            no right to refuse to be replaced hereunder, and agrees to execute and deliver a completed form of Assignment and Acceptance in favor of the substitute Lender (and agrees that it shall be deemed to have executed and delivered such document if
            it fails to do so) subject only to being paid its share of the outstanding Obligations (other than Bank Product Obligations, but including (1) all interest, fees, and other amounts that may be due and payable in respect thereof, and (2) an
            assumption of its Pro Rata Share of its participation in the Letters of Credit); provided, that any such assumption of the Commitment of such Defaulting Lender shall not be deemed to constitute a waiver of any of the Lender Groups’ or
            Borrowers’ rights or remedies against any such Defaulting Lender arising out of or in relation to such failure to fund.  In the event of a direct conflict between the priority provisions of this Section 2.3(g) and any other provision
            contained in this Agreement or any other Loan Document, it is the intention of the parties hereto that such provisions be read together and construed, to the fullest extent possible, to be in concert with each other.  In the event of any
            actual, irreconcilable conflict that cannot be resolved as aforesaid, the terms and provisions of this Section 2.3(g) shall control and govern.

           

          (ii)          If any Swing Loan or Letter of Credit is outstanding at the time that a Lender becomes a Defaulting Lender then:

           

          (A)          such Defaulting Lender’s Swing Loan Exposure and Letter of Credit Exposure shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Pro Rata
            Shares but only to the extent (x) the sum of all Non-Defaulting Lenders’ Revolving Loan Exposures plus such Defaulting Lender’s Swing Loan Exposure and Letter of Credit Exposure does not exceed the total of all Non-Defaulting Lenders’ Revolver
            Commitments and (y) the conditions set forth in Section 3.2 are satisfied at such time;

           

          
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          (B)           if the reallocation described in clause (A) above cannot, or can only partially, be effected, Borrowers shall, without prejudice to any right or remedy available to it against
            such Defaulting Lender hereunder or under applicable law, within one Business Day following notice by Administrative Agent (x) first, prepay such Defaulting Lender’s Swing Loan Exposure (after giving effect to any partial reallocation pursuant
            to clause (A) above) and (y) second, cash collateralize such Defaulting Lender’s Letter of Credit Exposure (after giving effect to any partial reallocation pursuant to clause (A) above), pursuant to a cash
              collateral agreement to be entered into in form and substance reasonably satisfactory to Administrative Agent, for so long as such Letter of Credit Exposure is outstanding; provided, that Borrowers shall not be obligated to
            cash collateralize any Defaulting Lender’s Letter of Credit Exposure if such Defaulting Lender is also the Issuing Bank;

           

          (C)           if Borrowers cash collateralize any portion of such Defaulting Lender’s Letter of Credit Exposure pursuant to this Section 2.3(g)(ii), Borrowers shall not be required to
            pay any Letter of Credit Fees to Administrative Agent for the account of such Defaulting Lender pursuant to Section 2.6(b) with respect to such cash collateralized portion of such Defaulting Lender’s Letter of Credit Exposure during the
            period such Letter of Credit Exposure is cash collateralized;

           

          (D)          to the extent the Letter of Credit Exposure of the Non-Defaulting Lenders is reallocated pursuant to this Section 2.3(g)(ii), then the Letter of Credit Fees payable to the
            Non-Defaulting Lenders pursuant to Section 2.6(b) shall be adjusted in accordance with such Non-Defaulting Lenders’ Letter of Credit Exposure;

           

          (E)         to the extent any Defaulting Lender’s Letter of Credit Exposure is neither cash collateralized nor reallocated pursuant to this Section 2.3(g)(ii), then, without prejudice
            to any rights or remedies of the Issuing Bank or any Lender hereunder, all Letter of Credit Fees that would have otherwise been payable to such Defaulting Lender under Section 2.6(b) with respect to such portion of such Letter of Credit
            Exposure shall instead be payable to the Issuing Bank until such portion of such Defaulting Lender’s Letter of Credit Exposure is cash collateralized or reallocated;

           

          (F)          so long as any Lender is a Defaulting Lender, the Swing Lender shall not be required to make any Swing Loan and the Issuing Bank shall not be required to issue, amend, or increase
            any Letter of Credit, in each case, to the extent (x) the Defaulting Lender’s Pro Rata Share of such Swing Loans or Letter of Credit cannot be reallocated pursuant to this Section 2.3(g)(ii) or (y) the Swing Lender or Issuing Bank, as
            applicable, has not otherwise entered into arrangements reasonably satisfactory to the Swing Lender or Issuing Bank, as applicable, and Borrowers to eliminate the Swing Lender’s or Issuing Bank’s risk with respect to the Defaulting Lender’s
            participation in Swing Loans or Letters of Credit; and

           

          (G)          Administrative Agent may release any cash collateral provided by Borrowers pursuant to this Section 2.3(g)(ii) to the Issuing Bank and the Issuing Bank may apply any such
            cash collateral to the payment of such Defaulting Lender’s Pro Rata Share of any Letter of Credit Disbursement that is not reimbursed by Borrowers pursuant to Section 2.11(d).

           

          (h)        Independent Obligations.  All Revolving Loans (other than Swing Loans and Extraordinary Advances) shall be made by the Lenders
            contemporaneously and in accordance with their Pro Rata Shares.  It is understood that (i) no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Revolving Loan (or other extension of credit)
            hereunder, nor shall any Commitment of any Lender be increased or decreased as a result of any failure by any other Lender to perform its obligations hereunder, and (ii) no failure by any Lender to perform its obligations hereunder shall excuse
            any other Lender from its obligations hereunder.

           

          
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          2.4          Payments; Reductions of Commitments; Prepayments.

           

          (a)          Payments by Borrowers.

           

          (i)          Except as otherwise expressly provided herein, all payments by Borrowers shall be made to Administrative Agent’s Account for the account of the Lender Group and shall be made in
            immediately available funds, no later than 1:30 p.m. on the date specified herein.  Any payment received by Administrative Agent later than 1:30 p.m. shall be deemed to have been received (unless Administrative Agent, in its sole discretion,
            elects to credit it on the date received) on the following Business Day and any applicable interest or fee shall continue to accrue until such following Business Day.

           

          (ii)          Unless Administrative Agent receives notice from Borrowers prior to the date on which any payment is due to the Lenders that Borrowers will not make such payment in full as and
            when required, Administrative Agent may assume that Borrowers have made (or will make) such payment in full to Administrative Agent on such date in immediately available funds and Administrative Agent may (but shall not be so required), in
            reliance upon such assumption, distribute to each Lender on such due date an amount equal to the amount then due such Lender.  If and to the extent Borrowers do not make such payment in full to Administrative Agent on the date when due, each
            Lender severally shall repay to Administrative Agent on demand such amount distributed to such Lender, together with interest thereon at the Defaulting Lender Rate for each day from the date such amount is distributed to such Lender until the
            date repaid.

           

          (b)          Apportionment and Application.

           

          (i)         So long as no Application Event has occurred and is continuing and except as otherwise provided herein with respect to Defaulting Lenders, all principal and interest payments
            received by Administrative Agent shall be apportioned ratably among the Lenders (according to the unpaid principal balance of the Obligations to which such payments relate held by each Lender) and all payments of fees and expenses received by
            Administrative Agent (other than fees or expenses that are for Administrative Agent’s separate account or for the separate account of Issuing Bank) shall be apportioned ratably among the Lenders having a Pro Rata Share of the type of Commitment
            or Obligation to which a particular fee or expense relates.

           

          (ii)         Subject to Section 2.4(b)(v), Section 2.4(d), and Section 2.4(e), all payments to be made hereunder by Borrowers shall be remitted to Administrative Agent
            and all such payments, and all proceeds of Collateral received by Administrative Agent, shall be applied, so long as no Application Event has occurred and is continuing and except as otherwise provided herein with respect to Defaulting Lenders,
            to reduce the balance of the Revolving Loans outstanding and, thereafter, to Borrowers (to be wired to the Designated Account) or such other Person entitled thereto under applicable law.

           

          (iii)        At any time that an Application Event has occurred and is continuing and except as otherwise provided herein with respect to Defaulting Lenders, all payments remitted to
            Administrative Agent and all proceeds of Collateral received by Administrative Agent shall be applied as follows:

           

          (A)           first, to pay any Lender Group Expenses (including cost or expense reimbursements) or indemnities then due to the Administrative Agent, the Co-Collateral Agents and/or
            the Australian Security Trustee under the Loan Documents, until paid in full,

           

          (B)          second, to pay any fees or premiums then due to Administrative Agent under the Loan Documents until paid in full,

           

          (C)            third, to pay interest due in respect of all Extraordinary Advances until paid in full,

           

          (D)            fourth, to pay the principal of all Extraordinary Advances until paid in full,

           

          
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          (E)           fifth, ratably, to pay any Lender Group Expenses (including cost or expense reimbursements) or indemnities then due to any of the Lenders under the Loan Documents, until
            paid in full,

           

          (F)            sixth, ratably, to pay any fees or premiums then due to any of the Lenders under the Loan Documents until paid in full,

           

          (G)           seventh, to pay interest accrued in respect of the Swing Loans until paid in full,

           

          (H)           eighth, to pay the principal of all Swing Loans until paid in full,

           

          (I)            ninth, ratably, to pay interest accrued in respect of the Revolving Loans (other than Protective Advances) until paid in full,

           

          (J)            tenth, ratably

           

          i.          ratably, to pay the principal of all Revolving Loans until paid in full,

           

          ii.        to Administrative Agent, to be held by Administrative Agent, for the benefit of Issuing Bank (and for the ratable benefit of each of the Lenders that have an obligation to pay to
            Administrative Agent, for the account of Issuing Bank, a share of each Letter of Credit Disbursement), as cash collateral in an amount up to 105% of the Letter of Credit Usage (to the extent permitted by applicable law, such cash collateral
            shall be applied to the reimbursement of any Letter of Credit Disbursement as and when such disbursement occurs and, if a Letter of Credit expires undrawn, the cash collateral held by Administrative Agent in respect of such Letter of Credit
            shall, to the extent permitted by applicable law, be reapplied pursuant to this Section 2.4(b)(iii), beginning with tier (A) hereof),

           

          iii.       ratably, up to the amount (after taking into account any amounts previously paid pursuant to this clause iii, during the continuation of the applicable Application Event) of
            the most recently established Bank Product Reserve, to (y) the Bank Product Providers based upon amounts then certified by the applicable Bank Product Provider to Administrative Agent (in form and substance satisfactory to Administrative Agent)
            to be due and payable to such Bank Product Providers on account of Bank Product Obligations, and (z) with any balance to be paid to Administrative Agent, to be held by Administrative Agent, for the ratable benefit of the Bank Product Providers,
            as cash collateral (which cash collateral may be released by Administrative Agent to the applicable Bank Product Provider and applied by such Bank Product Provider to the payment or reimbursement of any amounts due and payable with respect to
            Bank Product Obligations owed to the applicable Bank Product Provider as and when such amounts first become due and payable and, if and at such time as all such Bank Product Obligations are paid or otherwise satisfied in full, the cash
            collateral held by Administrative Agent in respect of such Bank Product Obligations shall be reapplied pursuant to this Section 2.4(b)(iii), beginning with tier (A) hereof),

           

          (K)           eleventh, to pay any other Obligations other than Obligations owed to Defaulting Lenders,

           

          (L)            twelfth, ratably to pay any Obligations owed to Defaulting Lenders; and

           

          (M)        thirteenth, to Borrowers (to be wired to the Designated Account) or such other Person entitled thereto under applicable law.

           

          
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          (iv)       Administrative Agent promptly shall distribute to each Lender, pursuant to the applicable wire instructions received from each Lender in writing, such funds as it may be entitled to
            receive, subject to a Settlement delay as provided in Section 2.3(e).

           

          (v)         In each instance, so long as no Application Event has occurred and is continuing, Section 2.4(b)(ii) shall not apply to any payment made by Borrowers to Administrative
            Agent and specified by Borrowers to be for the payment of specific Obligations then due and payable (or prepayable) under any provision of this Agreement or any other Loan Document.

           

          (vi)       For purposes of Section 2.4(b)(iii), “paid in full” of a type of Obligation means payment in cash or immediately available funds of all amounts owing on account of such type
            of Obligation, including, as applicable, interest accrued after the commencement of any Insolvency Proceeding, default interest, interest on interest, and expense reimbursements, irrespective of whether any of the foregoing would be or is
            allowed or disallowed in whole or in part in any Insolvency Proceeding.

           

          (vii)       In the event of a direct conflict between the priority provisions of this Section 2.4 and any other provision contained in this Agreement or any other Loan Document, it is
            the intention of the parties hereto that such provisions be read together and construed, to the fullest extent possible, to be in concert with each other.  In the event of any actual, irreconcilable conflict that cannot be resolved as
            aforesaid, if the conflict relates to the provisions of Section 2.3(g) and this Section 2.4, then the provisions of Section 2.3(g) shall control and govern, and if otherwise, then the terms and provisions of this Section

              2.4 shall control and govern.

           

          (c)         Reduction of Commitments.  The Revolver Commitments shall terminate on the Maturity Date.  Borrowers may reduce the Revolver Commitments,
            without premium or penalty, to an amount (which may be zero) not less than the sum of (A) the Total Revolver Usage as of such date, plus (B) the principal amount of all Revolving Loans not yet made as to which a request has been given by
            Borrowers under Section 2.3(a), plus (C) the amount of all Letters of Credit not yet issued as to which a request has been given by Borrowers pursuant to Section 2.11(a).  Each such reduction shall be in an amount which is not
            less than $10,000,000 (unless the Revolver Commitments are being reduced to zero), shall be made by providing not less than five (5) Business Days prior written notice to Administrative Agent, and shall be irrevocable.  Once reduced the
            Revolver Commitments may not be increased.  Each such reduction of the Revolver Commitments shall reduce the Revolver Commitments of each Lender proportionately in accordance with its ratable share thereof.

           

          (d)         Optional Prepayments.  Borrowers may at any time and from time to time prepay the principal of any Revolving Loan at any time, in whole or
            in part, without premium or penalty.

           

          (e)         Mandatory Prepayments.  If, at any time, (i)(A) the Total Revolver Usage on such date exceeds (B) the lesser of (1) the Maximum Revolver
            Amount, (2) the Total Borrowing Base reflected in the Borrowing Base Certificate most recently delivered by Borrowers to Administrative Agent and Co-Collateral Agents and (3) the Trailing 90 Day Collections reflected in the Trailing 90 Day
            Collection Report most recently delivered by Borrowers to Administrative Agent and the Co-Collateral Agents, (ii)(A) the US Revolver Usage on such date exceeds (B) the lesser of (1) the Maximum Revolver Amount, (2) the Total Borrowing Base
            reflected in the Borrowing Base Certificate most recently delivered by Borrowers to Administrative Agent and Co-Collateral Agents and (3) the Trailing 90 Day Collections with respect to Accounts reflected in the Trailing 90 Day Collection
            Report most recently delivered by Borrowers to Administrative Agent and the Co-Collateral Agents, or (iii)(A) the Australian Revolver Usage on such date exceeds (B) the lesser of (1) the Maximum Australian Loan Amount, (2) the Australian
            Borrowing Base reflected in the Borrowing Base Certificate most recently delivered by Borrowers to Administrative Agent and Co-Collateral Agents and (3) the Trailing 90 Day Collections with respect to Accounts of Australian Borrowers reflected
            in the Trailing 90 Day Collection Report most recently delivered by Borrowers to Administrative Agent and the Co-Collateral Agents, then, in each case, Borrowers shall promptly, but in any event, within one (1) Business Day prepay the
            Obligations in an aggregate amount equal to the amount of such excess.

           

          
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          (f)        Application of Payments.  Each prepayment pursuant to Section 2.4(e) shall, (A) so long as no Application Event shall have occurred
            and be continuing, be applied, first, to the outstanding principal amount of the Revolving Loans until paid in full and second, to cash collateralize the
            Letters of Credit in an amount equal to 105% of the then outstanding Letter of Credit Usage, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.4(b)(iii).

           

          2.5         Promise to Pay; Promissory Notes.

           

          (a)        Borrowers agree to pay the Lender Group Expenses as set forth in Section 2.6(d). Borrowers promise to pay all of the Obligations (including principal, interest, premiums, if
            any, fees, costs, and expenses (including Lender Group Expenses)) in full on the Maturity Date or, if earlier, on the date on which the Obligations (other than the Bank Product Obligations) become due and payable pursuant to the terms of this
            Agreement.  Borrowers agree that their obligations contained in the first sentence of this Section 2.5(a) shall survive payment or satisfaction in full of all other Obligations.

           

          (b)         Any Lender may request that any portion of its Commitments or the Loans made by it be evidenced by one or more promissory notes.  In such event, Borrowers shall execute and deliver
            to such Lender the requested promissory notes payable to such Lender in the form attached hereto as Exhibit D.  Thereafter, the portion of the Commitments and Loans evidenced by such promissory notes and interest thereon shall at all
            times be represented by one or more promissory notes in such form payable to the payee named therein.

           

          2.6          Interest Rates and Letter of Credit Fee:  Rates, Payments, and Calculations.

           

          (a)          Interest Rates.  Except as provided in Section 2.6(c), all Obligations (except for undrawn Letters of Credit) that have been
            charged to the applicable Loan Account of the applicable Borrower pursuant to the terms hereof shall bear interest as follows:

           

          (i)          unless otherwise specified herein, if the Obligation is a LIBOR Rate Loan, at a per annum rate equal to the LIBOR Rate plus the
            Applicable Margin applicable to LIBOR Rate Loans,

           

          (ii)        unless otherwise specified herein, if the Obligation is an Australian Bill Rate Loan, at a per annum rate equal to the Australian Bill Rate plus the Applicable Margin applicable to
            Australian Bill Rate Loans, and

           

          (iii)        otherwise, at a per annum rate equal to the Base Rate plus the Applicable Margin applicable to Base Rate Loans.

           

          (b)         Letter of Credit Fee.  Borrowers shall pay Administrative Agent (for the ratable benefit of the Revolving Lenders), a Letter of Credit fee
            (the “Letter of Credit Fee”) (which fee shall be in addition to any fronting fees and  commissions, other fees, charges and expenses set forth in Section 2.11(k)) that shall accrue at a per
              annum rate equal to the Applicable Margin applicable to LIBOR Rate Loans times the undrawn amount of all outstanding Letters of Credit.

           

          (c)         Default Rate.  Upon the occurrence and during the continuation of an Event of Default and at the election of Administrative Agent or the
            Required Lenders,

           

          (i)         all Obligations (except for undrawn Letters of Credit) that have been charged to the applicable Loan Account of the applicable Borrower pursuant to the terms hereof shall bear
            interest at a per annum rate equal to two (2) percentage points above the per annum rate otherwise applicable thereunder, and

           

          (ii)       the Letter of Credit Fee shall be increased to two (2) percentage points above the per annum rate otherwise applicable hereunder.

           

          
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          (d)         Payment.  Except to the extent provided to the contrary in Section 2.10, Section 2.11(k) or Section 2.12(a), (i) all interest and all other
            fees payable hereunder or under any of the other Loan Documents (other than Letter of Credit Fees) shall be due and payable, in arrears, on the first day of each quarter; provided, that if an Event of Default has occurred and is continuing,
            such amounts shall be due and payable, in arrears, on the first day of each month, (ii) all Letter of Credit Fees payable hereunder, and all fronting fees and all commissions, other fees, charges and expenses provided for in Section 2.11(k)
            shall be due and payable, in arrears, on the first Business Day of each quarter; provided, that if an Event of Default has occurred and is continuing, such Letter of Credit Fees shall be due and payable, in arrears, on the first Business Day of
            each month, and (iii) all documented costs and expenses payable hereunder or under any of the other Loan Documents, and all Lender Group Expenses shall be due and payable within three (3) days after the date on which demand is made, along with
            reasonable documentation supporting such costs and expenses (it being acknowledged and agreed that in the event that any such amounts are not paid within such three (3) day period, Borrowers hereby authorize Administrative Agent to immediately,
            without notice, charge such amounts to any Loan Account).  Notwithstanding anything to the contrary set forth in this Agreement, Borrowers hereby authorize Administrative Agent, from time to time without prior notice to Borrowers, to charge the
            applicable Loan Account (A) on the first day of each quarter (or, if an Event of Default has occurred and is continuing, on the first day of each month), all interest accrued during the prior quarter (or if an Event of Default has occurred and
            is continuing, during the prior month) on the Revolving Loans hereunder, (B) on the first Business Day of each quarter (or, if an Event of Default has occurred and is continuing, on the first Business Day of each month), all Letter of Credit
            Fees accrued or chargeable hereunder during the prior quarter (or, if an Event of Default has occurred and is continuing, during the prior month), (C) as and when incurred or accrued, all fees and costs provided for in Section 2.10(a) or (c),
            (D) on the first day of each quarter (or, if an Event of Default has occurred and is continuing, on the first day of each month), the Unused Line Fee accrued during the prior quarter (or if an Event of Default has occurred and is continuing,
            during the prior month) pursuant to Section 2.10(b), (E) as and when due and payable, all other fees payable hereunder or under any of the other Loan Documents, (F) as and when incurred or accrued, the fronting fees and all commissions, other
            fees, charges and expenses provided for in Section 2.11(k), (G) all other Lender Group Expenses as provided in clause (d)(ii) above, and (H) as and when due and payable all other payment obligations payable under any Loan Document or
            any Bank Product Agreement (including any amounts due and payable to the Bank Product Providers in respect of Bank Products).  All amounts (including interest, fees, costs, expenses, Lender Group Expenses, or other amounts payable hereunder or
            under any other Loan Document or under any Bank Product Agreement) charged to (i) the US Loan Account shall thereupon constitute US Revolving Loans hereunder and shall constitute Obligations hereunder accruing interest at the rate then
            applicable to US Revolving Loans that are LIBOR Rate Loans and (ii) the Australian Loan Account shall thereupon constitute Australian Revolving Loans hereunder and shall constitute Obligations hereunder accruing interest at the rate then
            applicable to Australian Revolving Loans that are LIBOR Rate Loans (if such Australian Revolving Loans are denominated in US Dollars) or Australian Bill Rate Loans (if such Australian Revolving Loans are denominated in Australian Dollars).  For
            the purposes of this Section 2.6(d), if any circumstance or occurrence constitutes an Event of Default as defined in Sections 8.2, 8.7, 8.8, 8.9, 8.10 or 8.11 hereof, obligations shall continue to be due quarterly, and not be due monthly, until
            a Loan Party has knowledge of, or has received written notice of, such Event of Default.

           

          (e)         Computation.  All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360 day year, in each case, for
            the actual number of days elapsed in the period during which the interest or fees accrue.  In the event the LIBOR Rate or the Base Rate is changed from time to time hereafter, the rates of interest hereunder based upon the LIBOR Rate or the
            Base Rate automatically and immediately shall be increased or decreased by an amount equal to such change in the LIBOR Rate or the Base Rate.

           

          (f)         Intent to Limit Charges to Maximum Lawful Rate.  In no event shall the interest rate or rates payable under this Agreement, plus any other
            amounts paid in connection herewith, exceed the highest rate permissible under any law that a court of competent jurisdiction shall, in a final determination, deem applicable.  Borrowers and the Lender Group, in executing and delivering this
            Agreement, intend legally to agree upon the rate or rates of interest and manner of payment stated within it; provided, that, anything contained herein to the contrary notwithstanding, if such rate or rates of interest or manner of
            payment exceeds the maximum allowable under applicable law, then, ipso facto, as of the date of this Agreement, Borrowers are and shall be liable only for the payment of such maximum amount as is
            allowed by law, and payment received from Borrowers in excess of such legal maximum, whenever received, shall be applied to reduce the principal balance of the Obligations to the extent of such excess.

           

          
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          2.7         Crediting Payments. The receipt of any payment item by Administrative Agent shall not be required to be considered a payment on
            account unless such payment item is a wire transfer of immediately available federal funds made to Administrative Agent’s Account or unless and until such payment item is honored when presented for payment.  Should any payment item not be
            honored when presented for payment, then Borrowers shall be deemed not to have made such payment and interest shall be calculated accordingly.  Anything to the contrary contained herein notwithstanding, any payment item shall be deemed received
            by Administrative Agent only if it is received into Administrative Agent’s Account on a Business Day on or before 1:30 p.m.  If any payment item is received into Administrative Agent’s Account on a non-Business Day or after 1:30 p.m. on a
            Business Day (unless Administrative Agent, in its sole discretion, elects to credit it on the date received), it shall be deemed to have been received by Administrative Agent as of the opening of business on the immediately following Business
            Day.

           

          2.8         Designated Account. Administrative Agent is authorized to make the Revolving
            Loans, and Issuing Bank is authorized to issue the Letters of Credit, under this Agreement based upon instructions received from anyone purporting to be an Authorized Person or, without instructions, if pursuant to Section 2.6(d). 
            Borrowers agree to establish and maintain the Designated Account with the Designated Account Bank for the purpose of receiving the proceeds of the Revolving Loans requested by Borrowers and made by Administrative Agent or the Lenders
            hereunder.  Unless otherwise agreed by Administrative Agent and Borrowers, any Revolving Loan or Swing Loan requested by Borrowers and made by Administrative Agent or the Lenders hereunder shall be made to the Designated Account.

           

          2.9         Maintenance of Loan Account; Statements of Obligations. Administrative Agent
            shall maintain an account on its books in the name of US Borrowers (the “US Loan Account”) on which US Borrowers will be charged with all US Revolving Loans (including Extraordinary Advances and Swing Loans) made by Administrative Agent,
            Swing Lender, or the Lenders to US Borrowers or for US Borrowers’ account, the Letters of Credit issued or arranged by Issuing Bank for US Borrowers’ account, and with all other payment Obligations hereunder or under the other Loan Documents,
            including, accrued interest, fees and expenses, and Lender Group Expenses.  Administrative Agent shall maintain an account on its books in the name of Australian Borrowers (the “Australian Loan Account”) on which Australian Borrowers
            will be charged with all Australian Revolving Loans (including Extraordinary Advances) made by Administrative Agent, Swing Lender, or the Lenders to Australian Borrowers or for Australian Borrowers’ account, and with all other payment
            Obligations hereunder or under the other Loan Documents, including, accrued interest, fees and expenses, and Lender Group Expenses.  In accordance with Section 2.7, the US Loan Account will be credited with all payments received by
            Administrative Agent from US Borrowers or for US Borrowers’ account, and the Australian Loan Account will be credited with all payments received by Administrative Agent from Australian Borrowers or for Australian Borrowers’ account. 
            Administrative Agent shall make available to Borrowers monthly statements regarding the applicable Loan Accounts, including the principal amount of the Revolving Loans, interest accrued hereunder, fees accrued or charged hereunder or under the
            other Loan Documents, and a summary itemization of all charges and expenses constituting Lender Group Expenses accrued hereunder or under the other Loan Documents, and each such statement, absent manifest error, shall be conclusively presumed
            to be correct and accurate and constitute an account stated between Borrowers and the Lender Group unless, within ninety (90) days after Administrative Agent first makes such a statement available to Borrowers, Borrowers shall deliver to
            Administrative Agent written objection thereto describing the error or errors contained in such statement.

           

          
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          2.10       Fees.

           

          (a)         Administrative Agent Fees.  Borrowers shall pay to Administrative Agent, for the account of Administrative Agent, as and when due and
            payable under the terms of the Fee Letter, the fees set forth in the Fee Letter.

           

          (b)          Unused Line Fee.  Borrowers shall pay to Administrative Agent, for the ratable account of the Revolving Lenders, an unused line fee (the “Unused

              Line Fee”) in an amount equal to the Applicable Unused Line Fee Percentage per annum times the result of (i) the aggregate amount of the Revolver Commitments, less (ii) the average amount of the
            Total Revolver Usage during the immediately preceding quarter or month (or portion thereof), as applicable, which Unused Line Fee shall be due and payable, in arrears, on the first day of each quarter; provided, that if an Event of
            Default has occurred and is continuing, such Unused Line Fee shall be due and payable, in arrears, on the first day of each month, prior to the date on which the Obligations are paid in full and on the date on which the Obligations are paid in
            full; provided further, that for the purposes of this Section 2.10(b), if any circumstance or occurrence constitutes an Event of Default as defined in Sections 8.2, 8.7, 8.8, 8.9, 8.10 or 8.11 hereof, obligations shall continue to be due
            quarterly, and not be due monthly, until a Loan Party has knowledge of, or has received written notice of, such Event of Default.

           

          (c)        Field Examination and Other Fees.  Borrowers shall pay to the Co-Collateral Agents, field examination,
            appraisal, and valuation fees and charges, as and when incurred or chargeable, as follows (i) a fee of $1,000 per day, per examiner, plus out-of-pocket expenses (including travel, meals, and lodging) for each field examination of any Borrower
            performed by personnel employed by the Co-Collateral Agents, and (ii) the fees or charges paid or incurred by Co-Collateral Agents (but, in any event, no less than a charge of $1,000 per day, per Person, plus out-of-pocket expenses (including
            travel, meals, and lodging)) if it elects to employ the services of one or more third Persons to perform field examinations of any Borrower or its Subsidiaries, to establish electronic collateral reporting systems, to appraise the Collateral,
            or any portion thereof, or to assess any Borrower’s or its Subsidiaries’ business valuation; provided, that so long as no Event of Default shall have occurred and be continuing, Borrowers shall not be obligated to reimburse the
            Co-Collateral Agents for more than two (2) field examinations during any calendar year, plus an additional field examination during any calendar year in which a Reporting Trigger Period occurs.

           

          2.11       Letters of Credit.

           

          (a)         Subject to the terms and conditions of this Agreement, upon the request of Borrowers made in accordance herewith, and prior to the Maturity Date, Issuing Bank agrees to issue a
            requested Letter of Credit for the account of Borrowers in US Dollars or Australian Dollars.  Each request for the issuance of a Letter of Credit, or the amendment, renewal, or extension of any outstanding Letter of Credit, shall be irrevocable
            and shall be made in writing by an Authorized Person and delivered to Issuing Bank via telefacsimile or other electronic method of transmission reasonably acceptable to Issuing Bank and reasonably in advance of the requested date of issuance,
            amendment, renewal, or extension.  Each such request shall be in form and substance reasonably satisfactory to Issuing Bank and (i) shall specify (A) the amount and currency of such Letter of Credit (which may be US Dollars or Australian
            Dollars), (B) the date of issuance, amendment, renewal, or extension of such Letter of Credit, (C) the proposed expiration date of such Letter of Credit, (D) the name and address of the beneficiary of the Letter of Credit, and (E) such other
            information (including, the conditions to drawing, and, in the case of an amendment, renewal, or extension, identification of the Letter of Credit to be so amended, renewed, or extended) as shall be necessary to prepare, amend, renew, or extend
            such Letter of Credit, and (ii) shall be accompanied by such Issuer Documents as Administrative Agent or Issuing Bank may request or require, to the extent that such requests or requirements are consistent with the Issuer Documents that Issuing
            Bank generally requests for Letters of Credit in similar circumstances.  Issuing Bank’s records of the content of any such request will be conclusive, absent manifest error.  Anything contained herein to the contrary notwithstanding, Issuing
            Bank may, but shall not be obligated to, issue a Letter of Credit that (i) supports the obligations of US Borrowers or US Guarantors in respect of (x) a lease of real property to the extent that the face amount of such Letter of Credit exceeds
            the highest rent (including all rent-like charges) payable under such lease for a period of one year, or (y) an employment contract to the extent that the face amount of such Letter of Credit exceeds the highest compensation payable under such
            contract for a period of one year and (ii) is in Australian Dollars if such Issuing Bank does not otherwise issue letters of credit in Australian Dollars.

           

          
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          (b)        Issuing Bank shall have no obligation to issue a Letter of Credit if any of the following would result after giving effect to the requested issuance:

           

          (i)          the Letter of Credit Usage would exceed $25,000,000, or

           

          (ii)        the Letter of Credit Usage would exceed the Maximum Revolver Amount less the outstanding amount of Revolving Loans (including Swing
            Loans), or

           

          (iii)       the Letter of Credit Usage would exceed the lesser of the Total Borrowing Base or the Trailing 90 Day Collections at such time less the
            outstanding principal balance of the Revolving Loans (inclusive of Swing Loans) at such time.

           

          (c)          In the event there is a Defaulting Lender as of the date of any request for the issuance of a Letter of Credit, the Issuing Bank shall not be required to issue or arrange for such
            Letter of Credit to the extent (i) the Defaulting Lender’s Letter of Credit Exposure with respect to such Letter of Credit may not be reallocated pursuant to Section 2.3(g)(ii), or (ii) the Issuing Bank has not otherwise entered into
            arrangements reasonably satisfactory to it and Borrowers to eliminate the Issuing Bank’s risk with respect to the participation in such Letter of Credit of the Defaulting Lender, which arrangements may include Borrowers cash collateralizing
            such Defaulting Lender’s Letter of Credit Exposure in accordance with Section 2.3(g)(ii).  Additionally, Issuing Bank shall have no obligation to issue a Letter of Credit if (A) any order, judgment, or decree of any Governmental
            Authority or arbitrator shall, by its terms, purport to enjoin or restrain Issuing Bank from issuing such Letter of Credit, or any law applicable to Issuing Bank or any request or directive (whether or not having the force of law) from any
            Governmental Authority with jurisdiction over Issuing Bank shall prohibit or request that Issuing Bank refrain from the issuance of letters of credit generally or such Letter of Credit in particular, or (B) the issuance of such Letter of Credit
            would violate one or more policies of Issuing Bank applicable to letters of credit generally, or (C) if amounts demanded to be paid under any Letter of Credit will or may not be in US Dollars or Australian Dollars.

           

          (d)       Any Issuing Bank (other than Wells Fargo or any of its Affiliates) shall notify Administrative Agent in writing no later than the Business Day immediately following the Business Day
            on which such Issuing Bank issued any Letter of Credit; provided that (i) until Administrative Agent advises any such Issuing Bank that the provisions of Section 3.2 are not satisfied, or (ii) unless the aggregate amount of the Letters
            of Credit issued in any such week exceeds such amount as shall be agreed by Administrative Agent and such Issuing Bank, such Issuing Bank shall be required to so notify Administrative Agent in writing only once each week of the Letters of
            Credit issued by such Issuing Bank during the immediately preceding week as well as the daily amounts outstanding for the prior week, such notice to be furnished on such day of the week as Administrative Agent and such Issuing Bank may agree. 
            Borrowers and the Lender Group hereby acknowledge and agree that all Existing Letters of Credit shall constitute Letters of Credit under this Agreement on and after the Closing Date with the same effect as if such Existing Letters of Credit
            were issued by Issuing Bank at the request of Borrowers on the Closing Date.  Each Letter of Credit shall be in form and substance reasonably acceptable to Issuing Bank, including the requirement that the amounts payable thereunder must be
            payable in US Dollars or Australian Dollars.  If Issuing Bank makes a payment under a Letter of Credit, Borrowers shall pay to Administrative Agent an amount equal to the applicable Letter of Credit Disbursement on the Business Day such Letter
            of Credit Disbursement is made and, in the absence of such payment, the amount of the Letter of Credit Disbursement immediately and automatically shall be deemed to be a US Revolving Loan hereunder (notwithstanding any failure to satisfy any
            condition precedent set forth in Section 3) and, initially, shall bear interest at the rate then applicable to US Revolving Loans that are LIBOR Rate Loans. If a Letter of Credit Disbursement is deemed to be a US Revolving Loan
            hereunder, Borrowers’ obligation to pay the amount of such Letter of Credit Disbursement to Issuing Bank shall be automatically converted into an obligation to pay the resulting US Revolving Loan and such deemed US Revolving Loan shall be a
            LIBOR Rate Loan.  Promptly following receipt by Administrative Agent of any payment from Borrowers pursuant to this paragraph, Administrative Agent shall distribute such payment to Issuing Bank or, to the extent that Revolving Lenders have made
            payments pursuant to Section 2.11(e) to reimburse Issuing Bank, then to such Revolving Lenders and Issuing Bank as their interests may appear.

           

          
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          (e)         Promptly following receipt of a notice of a Letter of Credit Disbursement pursuant to Section 2.11(d), each Revolving Lender agrees to fund its Pro Rata Share of any
            Revolving Loan deemed made pursuant to Section 2.11(d) on the same terms and conditions as if Borrowers had requested the amount thereof as a Revolving Loan in US Dollars or Australian Dollars, as applicable, and Administrative Agent
            shall promptly pay to Issuing Bank the amounts so received by it from the Revolving Lenders.  By the issuance of a Letter of Credit (or an amendment, renewal, or extension of a Letter of Credit) and without any further action on the part of
            Issuing Bank or the Revolving Lenders, Issuing Bank shall be deemed to have granted to each Revolving Lender, and each Revolving Lender shall be deemed to have purchased, a participation in each Letter of Credit issued by Issuing Bank, in an
            amount equal to its Pro Rata Share of such Letter of Credit, and each such Revolving Lender agrees to pay to Administrative Agent, for the account of Issuing Bank, such Revolving Lender’s Pro Rata Share of any Letter of Credit Disbursement made
            by Issuing Bank under the applicable Letter of Credit.  In consideration and in furtherance of the foregoing, each Revolving Lender hereby absolutely and unconditionally agrees to pay to Administrative Agent, for the account of Issuing Bank,
            such Revolving Lender’s Pro Rata Share of each Letter of Credit Disbursement made by Issuing Bank and not reimbursed by Borrowers on the date due as provided in Section 2.11(d), or of any reimbursement payment that is required to be
            refunded (or that Administrative Agent or Issuing Bank elects, based upon the advice of counsel, to refund) to Borrowers for any reason.  Each Revolving Lender acknowledges and agrees that its obligation to deliver to Administrative Agent, for
            the account of Issuing Bank, an amount equal to its respective Pro Rata Share of each Letter of Credit Disbursement pursuant to this Section 2.11(e) shall be absolute and unconditional and such remittance shall be made notwithstanding
            the occurrence or continuation of an Event of Default or Default or the failure to satisfy any condition set forth in Section 3.  If any such Revolving Lender fails to make available to Administrative Agent the amount of such Revolving
            Lender’s Pro Rata Share of a Letter of Credit Disbursement as provided in this Section, such Revolving Lender shall be deemed to be a Defaulting Lender and Administrative Agent (for the account of Issuing Bank) shall be entitled to recover such
            amount on demand from such Revolving Lender together with interest thereon at the Defaulting Lender Rate until paid in full.

           

          (f)        Each Borrower agrees to indemnify, defend and hold harmless each member of the Lender Group (including Issuing Bank and its branches, Affiliates, and correspondents) and each such
            Person’s respective directors, officers, employees, attorneys’ and agents (each, including Issuing Bank, a “Letter of Credit Related Person”) (to the fullest extent permitted by law) from and against any and all claims, demands, suits,
            actions, investigations, proceedings, liabilities, fines, costs, penalties, and damages, and all reasonable fees and disbursements of attorneys, experts, or consultants and all other costs and expenses actually incurred in connection therewith
            or in connection with the enforcement of this indemnification (as and when they are incurred and irrespective of whether suit is brought), which may be incurred by or awarded against any such Letter of Credit Related Person (other than Taxes,
            which shall be governed by Section 16) (the “Letter of Credit Indemnified Costs”), and which arise out of or in connection with, or as a result of:

           

          (i)          any Letter of Credit or any pre-advice of its issuance;

           

          (ii)        any transfer, sale, delivery, surrender or endorsement of any Drawing Document at any time(s) held by any such Letter of Credit Related Person in connection with any Letter of
            Credit;

           

          (iii)       any action or proceeding arising out of, or in connection with, any Letter of Credit (whether administrative, judicial or in connection with arbitration), including any action or
            proceeding to compel or restrain any presentation or payment under any Letter of Credit, or for the wrongful dishonor of, or honoring a presentation under, any Letter of Credit;

           

          (iv)         any independent undertakings issued by the beneficiary of any Letter of Credit;

           

          (v)         any unauthorized instruction or request made to Issuing Bank in connection with any Letter of Credit or requested Letter of Credit or error in computer or electronic transmission
            with respect to any Letter of Credit;

           

          
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          (vi)        an adviser, confirmer or other nominated person seeking to be reimbursed, indemnified or compensated with respect to any Letter of Credit;

           

          (vii)       any third party seeking to enforce the rights of an applicant, beneficiary, nominated person, transferee, assignee of Letter of Credit proceeds or holder of an instrument or
            document with respect to any Letter of Credit;

           

          (viii)     the fraud, forgery or illegal action with respect to any Letter of Credit of parties other than the Letter of Credit Related Person;

           

          (ix)        Issuing Bank’s reasonable performance of the obligations of a confirming institution with respect to any Letter of Credit or entity that wrongfully dishonors a confirmation with
            respect to any Letter of Credit; or

           

          (x)         the acts or omissions, whether rightful or wrongful, of any present or future de jure or de facto governmental or regulatory authority or cause or event beyond the control of the
            Letter of Credit Related Person;

           

          in each case, including that resulting from the Letter of Credit Related Person’s own negligence; provided, however, that such indemnity shall not be available to any Letter of Credit Related
            Person claiming indemnification under clauses (i) through (x) above to the extent that such Letter of Credit Indemnified Costs may be finally determined in a final, non-appealable judgment of a court of competent jurisdiction to have resulted
            from the gross negligence or willful misconduct of the Letter of Credit Related Person claiming indemnity.  Borrowers hereby agree to pay the Letter of Credit Related Person claiming indemnity on demand from time to time all amounts owing under
            this Section 2.11(f).  If and to the extent that the obligations of Borrowers under this Section 2.11(f) are unenforceable for any reason, Borrowers agree to make the maximum contribution to the Letter of Credit Indemnified
            Costs permissible under applicable law.  This indemnification provision shall survive termination of this Agreement and all Letters of Credit.

           

          (g)        The liability of Issuing Bank (or any other Letter of Credit Related Person) under, in connection with or arising out of any Letter of Credit (or pre-advice), regardless of the form
            or legal grounds of the action or proceeding, shall be limited to direct damages suffered by Borrowers that are caused by Issuing Bank’s gross negligence or willful misconduct in (i) honoring a presentation under a Letter of Credit that on its
            face does not at least substantially comply with the terms and conditions of such Letter of Credit, (ii) failing to honor a presentation under a Letter of Credit that strictly complies with the terms and conditions of such Letter of Credit or
            (iii) retaining Drawing Documents presented under a Letter of Credit.  Issuing Bank shall be deemed to have acted with due diligence and reasonable care if Issuing Bank’s conduct is in accordance with Standard Letter of Credit Practice or in
            accordance with this Agreement.  Borrowers’ aggregate remedies against Issuing Bank and any Letter of Credit Related Person for wrongfully honoring a presentation under any Letter of Credit or wrongfully retaining honored Drawing Documents
            shall in no event exceed the aggregate amount paid by Borrowers to Issuing Bank in respect of the honored presentation in connection with such Letter of Credit under Section 2.11(d), plus interest at the rate then applicable to LIBOR
            Rate Loans hereunder.  Borrowers shall take action to avoid and mitigate the amount of any damages claimed against Issuing Bank or any other Letter of Credit Related Person, including by enforcing its rights against the beneficiaries of the
            Letters of Credit.  Any claim by Borrowers under or in connection with any Letter of Credit shall be reduced by an amount equal to the sum of (x) the amount (if any) saved by Borrowers as a result of the breach or alleged wrongful conduct
            complained of; and (y) the amount (if any) of the loss that would have been avoided had Borrowers taken all reasonable steps to mitigate any loss, and in case of a claim of wrongful dishonor, by specifically and timely authorizing Issuing Bank
            to effect a cure.

           

          
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          (h)        Borrowers are responsible for preparing or approving the final text of the Letter of Credit as issued by Issuing Bank, irrespective of any assistance Issuing Bank may provide such as
            drafting or recommending text or by Issuing Bank’s use or refusal to use text submitted by Borrowers.  Borrowers are solely responsible for the suitability of the Letter of Credit for Borrowers’ purposes.  With respect to any Letter of Credit
            containing an “automatic amendment” to extend the expiration date of such Letter of Credit, Issuing Bank, in its sole and absolute discretion, may give notice of nonrenewal of such Letter of Credit and, if Borrowers do not at any time want such
            Letter of Credit to be renewed, Borrowers will so notify Administrative Agent and Issuing Bank at least fifteen (15) calendar days before Issuing Bank is required to notify the beneficiary of such Letter of Credit or any advising bank of such
            nonrenewal pursuant to the terms of such Letter of Credit.

           

          (i)         Borrowers’ reimbursement and payment obligations under this Section 2.11 are absolute, unconditional and irrevocable and shall be performed strictly in accordance with the
            terms of this Agreement under any and all circumstances whatsoever, including:

           

          (i)          any lack of validity, enforceability or legal effect of any Letter of Credit or this Agreement or any term or provision therein or herein;

           

          (ii)          payment against presentation of any draft, demand or claim for payment under any Drawing Document that does not comply strictly with the terms of the applicable Letter of Credit
            or which proves to be fraudulent, forged or invalid in any respect or any statement therein being untrue or inaccurate in any respect, or which is signed, issued or presented by a Person or a transferee of such Person purporting to be a
            successor or transferee of the beneficiary of such Letter of Credit;

           

          (iii)        Issuing Bank or any of its branches or Affiliates being the beneficiary of any Letter of Credit;

           

          (iv)        Issuing Bank or any correspondent honoring a drawing against a Drawing Document up to the amount available under any Letter of Credit even if such Drawing Document claims an amount
            in excess of the amount available under the Letter of Credit;

           

          (v)          the existence of any claim, set-off, defense or other right that any Loan Party or any of its Subsidiaries may have at any time against any beneficiary, any assignee of proceeds,
            Issuing Bank or any other Person;

           

          (vi)        any other event, circumstance or conduct whatsoever, whether or not similar to any of the foregoing that might, but for this Section 2.11(i), constitute a legal or
            equitable defense to or discharge of, or provide a right of set-off against, any Borrower’s or any of its Subsidiaries’ reimbursement and other payment obligations and liabilities, arising under, or in connection with, any Letter of Credit,
            whether against Issuing Bank, the beneficiary or any other Person; or

           

          (vii)        the fact that any Default or Event of Default shall have occurred and be continuing;

           

          provided, however, that subject to Section 2.11(g) above, the foregoing shall not release Issuing Bank from such liability to Borrowers as may be finally determined in a final,
            non-appealable judgment of a court of competent jurisdiction against Issuing Bank following reimbursement or payment of the obligations and liabilities, including reimbursement and other payment obligations, of Borrowers to Issuing Bank arising
            under, or in connection with, this Section 2.11 or any Letter of Credit.

           

          
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          (j)         Without limiting any other provision of this Agreement, Issuing Bank and each other Letter of Credit Related Person (if applicable) shall not be responsible to Borrowers for, and
            Issuing Bank’s rights and remedies against Borrowers and the obligation of Borrowers to reimburse Issuing Bank for each drawing under each Letter of Credit shall not be impaired by:

           

          (i)          honor of a presentation under any Letter of Credit that on its face substantially complies with the terms and conditions of such Letter of Credit, even if the Letter of Credit
            requires strict compliance by the beneficiary;

           

          (ii)        honor of a presentation of any Drawing Document that appears on its face to have been signed, presented or issued (A) by any purported successor or transferee of any beneficiary or
            other Person required to sign, present or issue such Drawing Document or (B) under a new name of the beneficiary;

           

          (iii)     acceptance as a draft of any written or electronic demand or request for payment under a Letter of Credit, even if nonnegotiable or not in the form of a draft or notwithstanding any
            requirement that such draft, demand or request bear any or adequate reference to the Letter of Credit;

           

          (iv)       the identity or authority of any presenter or signer of any Drawing Document or the form, accuracy, genuineness or legal effect of any Drawing Document (other than Issuing Bank’s
            determination that such Drawing Document appears on its face substantially to comply with the terms and conditions of the Letter of Credit);

           

          (v)         acting upon any instruction or request relative to a Letter of Credit or requested Letter of Credit that Issuing Bank in good faith believes to have been given by a Person
            authorized to give such instruction or request;

           

          (vi)        any errors, omissions, interruptions or delays in transmission or delivery of any message, advice or document (regardless of how sent or transmitted) or for errors in
            interpretation of technical terms or in translation or any delay in giving or failing to give notice to Borrowers;

           

          (vii)       any acts, omissions or fraud by, or the insolvency of, any beneficiary, any nominated person or entity or any other Person or any breach of contract between any beneficiary and any
            Borrower or any of the parties to the underlying transaction to which the Letter of Credit relates;

           

          (viii)      assertion or waiver of any provision of the ISP or UCP that primarily benefits an issuer of a letter of credit, including any requirement that any Drawing Document be presented to
            it at a particular hour or place;

           

          (ix)        payment to any paying or negotiating bank (designated or permitted by the terms of the applicable Letter of Credit) claiming that it rightfully honored or is entitled to
            reimbursement or indemnity under Standard Letter of Credit Practice applicable to it;

           

          (x)         acting or failing to act as required or permitted under Standard Letter of Credit Practice applicable to where Issuing Bank has issued, confirmed, advised or negotiated such Letter
            of Credit, as the case may be;

           

          (xi)         honor of a presentation after the expiration date of any Letter of Credit notwithstanding that a presentation was made prior to such expiration date and dishonored by Issuing Bank
            if subsequently Issuing Bank or any court or other finder of fact determines such presentation should have been honored;

           

          (xii)       dishonor of any presentation that does not strictly comply with the terms and conditions of the applicable Letter of Credit or that is fraudulent, forged or otherwise not entitled
            to honor; or

           

          (xiii)     honor of a presentation that is subsequently determined by Issuing Bank to have been made in violation of international, federal, state or local restrictions on the transaction of
            business with certain prohibited Persons.

           

          
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          (k)       Borrowers shall pay immediately upon demand to Administrative Agent for the account of Issuing Bank as non-refundable fees, commissions, and charges (it being acknowledged and agreed
            that any charging of such fees, commissions, and charges to any Loan Account pursuant to the provisions of Section 2.6(d) shall be deemed to constitute a demand for payment thereof for the purposes of this Section 2.11(k)):  (i)
            a fronting fee which shall be imposed by Issuing Bank upon the issuance of each Letter of Credit of one-half of one percent (0.50%) per annum of the face amount thereof, plus (ii) any and all other customary commissions, fees and charges then in effect imposed by, and any and all expenses incurred by, Issuing Bank, or by any adviser, confirming institution or entity or other
            nominated person, relating to Letters of Credit, at the time of issuance of any Letter of Credit and upon the occurrence of any other activity with respect to any Letter of Credit (including transfers, assignments of proceeds, amendments,
            drawings, renewals or cancellations).  Schedule 2.11(k) sets forth the fees of Wells Fargo as Issuing Bank in effect as of the Closing Date, which are subject to change from time to time by Wells Fargo without notice. Any obligation
            hereunder of the Borrowers to pay fees in connection with the issuance of the Existing Letters of Credit has been satisfied prior to the Closing Date.

           

          (l)        If by reason of (x) any Change in Law, or (y) compliance by Issuing Bank or any other member of the Lender Group with any direction, request, or requirement (irrespective of whether
            having the force of law) of any Governmental Authority or monetary authority including, Regulation D of the Board of Governors as from time to time in effect (and any successor thereto):

           

          (i)         any reserve, deposit, or similar requirement is or shall be imposed or modified in respect of any Letter of Credit issued or caused to be issued hereunder or hereby, or

           

          (ii)         there shall be imposed on Issuing Bank or any other member of the Lender Group any other condition regarding any Letter of Credit,

           

          and the result of the foregoing is to increase, directly or indirectly, the cost to Issuing Bank or any other member of the Lender Group of issuing, making, participating in, or maintaining any Letter of Credit
            or to reduce the amount receivable in respect thereof, then, and in any such case, Administrative Agent may, at any time within a reasonable period after the additional cost is incurred or the amount received is reduced, notify Borrowers, and
            Borrowers shall pay within thirty (30) days after demand therefor, such amounts as Administrative Agent may specify to be necessary to compensate Issuing Bank or any other member of the Lender Group for such additional cost or reduced receipt,
            together with interest on such amount from the date of such demand until payment in full thereof at the rate then applicable to LIBOR Rate Loans hereunder; provided, that (A) Borrowers shall not be required to provide any compensation
            pursuant to this Section 2.11(l) for any such amounts incurred more than 180 days prior to the date on which the demand for payment of such amounts is first made to Borrowers, and (B) if an event or circumstance giving rise to such
            amounts is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof.  The determination by Administrative Agent of any amount due pursuant to this Section 2.11(l), as
            set forth in a certificate setting forth the calculation thereof in reasonable detail, shall, in the absence of manifest or demonstrable error, be final and conclusive and binding on all of the parties hereto.

           

          (m)       Unless otherwise expressly agreed by Issuing Bank and Borrowers when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), (i) the
            rules of the ISP and the UCP shall apply to each standby Letter of Credit, and (ii) the rules of the UCP shall apply to each commercial Letter of Credit.

           

          (n)         In the event of a direct conflict between the provisions of this Section 2.11 and any provision contained in any Issuer Document, it is the intention of the parties hereto
            that such provisions be read together and construed, to the fullest extent possible, to be in concert with each other.  In the event of any actual, irreconcilable conflict that cannot be resolved as aforesaid, the terms and provisions of this Section

              2.11 shall control and govern.

           

          
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          2.12          Special Provisions Applicable to LIBOR Rate and Australian Bill Rate.

           

          (a)         The LIBOR Rate and Australian Bill Rate may be adjusted by Administrative Agent with respect to any Lender on a prospective basis to take into account any additional or increased
            costs to such Lender of maintaining or obtaining any eurodollar deposits or increased costs (other than Taxes which shall be governed by Section 16), in each case, due to changes in applicable law occurring after the date hereof, including any
            Changes in Law and changes in the reserve requirements imposed by the Board of Governors, which additional or increased costs would increase the cost of funding or maintaining loans bearing interest at the LIBOR Rate or the Australian Bill
            Rate, as applicable.  In any such event, the affected Lender shall give Borrowers and Administrative Agent notice of such a determination and adjustment and Administrative Agent promptly shall transmit the notice to each other Lender and, upon
            its receipt of the notice from the affected Lender, Borrowers may, by notice to such affected Lender (A) require such Lender to furnish to Borrowers a statement setting forth in reasonable detail the basis for adjusting such LIBOR Rate or
            Australian Bill Rate, as applicable, and the method for determining the amount of such adjustment, or (B) repay the LIBOR Rate Loans or Australian Bill Rate Loans, as applicable, of such Lender with respect to which such adjustment is made
            (together with any amounts due under Section 2.12(b)(ii)).

           

          (b)        Subject to the provisions set forth in Section 2.12(d) below, in the event that (i) any change in market conditions or any Change in Law shall at any time after the date
            hereof, in the reasonable opinion of any Lender, make it unlawful or impractical for such Lender to fund or maintain Loans with interest based on the LIBOR Rate or the Australian Bill Rate or to continue such funding or maintaining, or to
            determine or charge interest rates based on the LIBOR Rate or the Australian Bill Rate, as applicable, or (ii) any Lender determines that the interest rate hereunder based on the LIBOR Rate or the Australian Bill Rate, as applicable, will not
            adequately and fairly reflect the cost to Lender of maintaining or funding any Loans based upon the LIBOR Rate or the Australian Bill Rate, as applicable, such Lender shall give notice of such changed circumstances to Administrative Agent and
            Borrowers and Administrative Agent shall transmit such notice to the other Lenders (y) such Loans shall thereafter bear interest at a per annum rate equal to the Base Rate plus the Applicable Margin, and (z) interest based on Daily Three Month
            LIBOR and the Australian Bill Rate, as applicable, shall not be available until Lender determines that it is again available.

           

          (c)         No Requirement of Matched Funding.  Anything to the contrary contained herein notwithstanding, neither Administrative Agent, nor any Lender, nor any of their Participants,
            is required actually to acquire eurodollar deposits to fund or otherwise match fund any Obligation as to which interest accrues at the LIBOR Rate or the Australian Bill Rate.

           

          (d)          Effect of Benchmark Transition Event.

           

          (i)          Benchmark Replacement.

           

          (A)          Notwithstanding anything to the contrary herein or in any other Loan Document (and any Hedge Agreement shall be deemed not to be a “Loan Document” for purposes
            of this Section 2.12(d)), if a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of any then-current
            Benchmark, then (x) if a Benchmark Replacement is determined in accordance with clause (a)(1) or (a)(2) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date and such Benchmark, such Benchmark
            Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of such Benchmark setting and subsequent Benchmark settings without any amendment to, or further action or consent of any other party to,
            this Agreement or any other Loan Document and (y) if a Benchmark Replacement is determined in accordance with clause (a)(3) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date and such Benchmark, such Benchmark
            Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of any Benchmark setting at or after 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date on which notice of such Benchmark Replacement is provided to the Lenders without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan
            Document so long as the Administrative Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Lenders comprising the Required Lenders

           

          
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          (B)         Notwithstanding anything to the contrary herein or in any other Loan Document, solely with respect to any Obligations, interest, fees, commissions or other
            amounts denominated in US Dollars or calculated with respect thereto, if a Term SOFR Transition Event and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of the applicable then-current
            Benchmark, then the applicable Benchmark Replacement will replace such Benchmark for all purposes hereunder or under any Loan Document in respect of such Benchmark setting and subsequent Benchmark settings, without any amendment to, or further
            action or consent of any other party to, this Agreement or any other Loan Document; provided, that this clause (B) shall not be effective unless the Administrative Agent has delivered to the Lenders and Administrative Borrower a
            Term SOFR Notice.  For the avoidance of doubt, the Administrative Agent shall not be required to deliver a Term SOFR Notice after a Term SOFR Transition Event and may elect or not elect to do so in its sole discretion.

           

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

           

          (iii)       Notices; Standards for Decisions and Determinations. Administrative Agent will promptly notify Administrative Borrower and the Lenders of (A) any occurrence of a Benchmark
            Transition Event, a Term SOFR Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date, (B) the implementation of any Benchmark Replacement, (C) the effectiveness of any Benchmark Replacement
            Conforming Changes, (D) the removal or reinstatement of any tenor of a Benchmark pursuant to Section 2.12(d)(iv) below and (E) the commencement or conclusion of any Benchmark Unavailability Period.  Any determination, decision or
            election that may be made by the Administrative Agent or, if applicable, any Lender (or group of Lenders) pursuant to this Section 2.12(d), including any determination with respect to a tenor, rate or adjustment or of the occurrence or
            non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error and may be made in its or their sole discretion and without
            consent from any other party to this Agreement or any other Loan Document, except, in each case, as expressly required pursuant to this Section 2.12(d).

           

          (iv)         Unavailability of Tenor of Benchmark.  Notwithstanding anything to the contrary herein or in any other Loan Document, at any time (including in connection with the
            implementation of a Benchmark Replacement), (A) if any then-current Benchmark is a term rate (including Term SOFR or the Relevant Rate) and either (1) any tenor for such Benchmark is not displayed on a screen or other information service that
            publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion or (2) the regulatory supervisor for the administrator of such Benchmark has provided a public statement or publication of information
            announcing that any tenor for such Benchmark is or will be no longer representative, then the Administrative Agent may modify the definition of “Daily Three Month LIBOR” for any Benchmark settings at or after such time to remove such
            unavailable or non-representative tenor and (B) if a tenor that was removed pursuant to clause (A) above either (1) is subsequently displayed on a screen or information service for a Benchmark (including a Benchmark Replacement) or (2)
            is not, or is no longer, subject to an announcement that it is or will no longer be representative for a Benchmark (including a Benchmark Replacement), then the Administrative Agent may modify the definition of “Daily Three Month LIBOR” for all
            Benchmark settings at or after such time to reinstate such previously removed tenor.

           

          
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          (v)          Benchmark Unavailability Period. Upon Administrative Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period with respect to a given
            Benchmark, Administrative Borrower may revoke any request for a Borrowing of a LIBOR Rate Loan, conversion to or continuation of LIBOR Rate Loans to be made, converted or continued during any Benchmark Unavailability Period and, failing that,
            either (x) Administrative Borrower will be deemed to have converted any request for a LIBOR Rate Loan denominated in US Dollars into a request for a Borrowing of or conversion to Base Rate Loans or (y) any request for any LIBOR Rate Loans
            denominated in an Agreed Currency shall be ineffective. During any Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of Base Rate based upon the LIBOR Rate will
            not be used in any determination of the Base Rate or such other Benchmark.

           

          2.13        Capital Requirements; Illegality.

           

          (a)         If, after the date hereof, Issuing Bank or any Lender determines that (i) any Change in Law regarding capital or reserve requirements for banks or bank holding companies, or (ii)
            compliance by Issuing Bank or such Lender, or their respective parent bank holding companies, with any guideline, request or directive of any Governmental Authority regarding capital adequacy (whether or not having the force of law), has the
            effect of reducing the return on Issuing Bank’s, such Lender’s, or such holding companies’ capital as a consequence of Issuing Bank’s or such Lender’s commitments hereunder to a level below that which Issuing Bank, such Lender, or such holding
            companies could have achieved but for such Change in Law or compliance (taking into consideration Issuing Bank’s, such Lender’s, or such holding companies’ then existing policies with respect to capital adequacy and assuming the full
            utilization of such entity’s capital) by any amount deemed by Issuing Bank or such Lender to be material, then Issuing Bank or such Lender may notify Borrowers and Administrative Agent thereof.  Following receipt of such notice, Borrowers agree
            to pay Issuing Bank or such Lender on demand the amount of such reduction of return of capital as and when such reduction is determined, payable within thirty (30) days after presentation by Issuing Bank or such Lender of a statement in the
            amount and setting forth in reasonable detail Issuing Bank’s or such Lender’s calculation thereof and the assumptions upon which such calculation was based (which statement shall be deemed true and correct absent manifest error).  In
            determining such amount, Issuing Bank or such Lender may use any reasonable averaging and attribution methods.  Failure or delay on the part of Issuing Bank or any Lender to demand compensation pursuant to this Section shall not constitute a
            waiver of Issuing Bank’s or such Lender’s right to demand such compensation; provided that Borrowers shall not be required to compensate Issuing Bank or a Lender pursuant to this Section for any reductions in return incurred more than
            180 days prior to the date that Issuing Bank or such Lender notifies Borrowers of such Change in Law giving rise to such reductions and of such Lender’s intention to claim compensation therefor; provided further that if such
            claim arises by reason of the Change in Law that is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof.

           

          (b)          If Issuing Bank or any Lender requests additional or increased costs referred to in Section 2.11(l) or amounts under Section 2.13(a) or sends a notice under Section

              2.13(d) relative to changed circumstances (such Issuing Bank or Lender, an “Affected Lender”), then such Affected Lender shall use reasonable efforts to promptly designate a different one of its lending offices or to assign its
            rights and obligations hereunder to another of its offices or branches, if (i) in the reasonable judgment of such Affected Lender, such designation or assignment would eliminate or reduce amounts payable pursuant to Section 2.11(l) or Section

              2.13(a), as applicable, or would eliminate the illegality or impracticality of funding or maintaining LIBOR Rate Loans and (ii) in the reasonable judgment of such Affected Lender, such designation or assignment would not subject it to any
            material unreimbursed cost or expense and would not otherwise be materially disadvantageous to it.  Borrowers agree to pay all reasonable out-of-pocket costs and expenses incurred by such Affected Lender in connection with any such designation
            or assignment.   If, after such reasonable efforts, such Affected Lender does not so designate a different one of its lending offices or assign its rights to another of its offices or branches so as to eliminate Borrowers’ obligation to pay any
            future amounts to such Affected Lender pursuant to Section 2.11(l) or Section 2.13(a), as applicable, or to enable Borrowers to obtain LIBOR Rate Loans, then Borrowers (without prejudice to any amounts then due to such Affected
            Lender under Section 2.11(l) or Section 2.13(a), as applicable) may, unless prior to the effective date of any such assignment the Affected Lender withdraws its request for such additional amounts under Section 2.11(l)
            or Section 2.13(a), as applicable, or indicates in writing that it is no longer unlawful or impractical to fund or maintain LIBOR Rate Loans, may designate a different Issuing Bank or substitute a Lender that is an Eligible Transferee
            to purchase the Obligations owed to such Affected Lender and such Affected Lender’s commitments hereunder (a “Replacement Lender”), and if such Replacement Lender agrees to such purchase, such Affected Lender shall assign to the
            Replacement Lender its Obligations and commitments, and upon such purchase by the Replacement Lender, which such Replacement Lender shall be deemed to be “Issuing Bank” or a “Lender” (as the case may be) for purposes of this Agreement and such
            Affected Lender shall cease to be “Issuing Bank” or a “Lender” (as the case may be) for purposes of this Agreement.

           

          
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          (c)         Notwithstanding anything herein to the contrary, the protection of Sections 2.11(l) and 2.13 shall be available to Issuing Bank and each Lender (as applicable)
            regardless of any possible contention of the invalidity or inapplicability of the law, rule, regulation, judicial ruling, judgment, guideline, treaty or other change or condition which shall have occurred or been imposed, so long as it shall be
            customary for issuing banks or lenders affected thereby to comply therewith.  Notwithstanding any other provision herein, neither Issuing Bank nor any Lender shall demand compensation pursuant to this Section 2.13 if it shall not at the
            time be the general policy or practice of Issuing Bank or such Lender (as the case may be) to demand such compensation in similar circumstances under comparable provisions of other credit agreements, if any.

           

          2.14       [Reserved]

           

          2.15       Joint and Several Liability of Borrowers.

           

          (a)         Each Borrower is accepting joint and several liability hereunder and under the other Loan Documents in consideration of the financial accommodations to be provided by the Lender
            Group under this Agreement, for the mutual benefit, directly and indirectly, of each Borrower and in consideration of the undertakings of the other Borrowers to accept joint and several liability for the Obligations.

           

          (b)        Each Borrower, jointly and severally, hereby irrevocably and unconditionally accepts, not merely as a surety but also as a co-debtor, joint and several liability with the other
            Borrowers, with respect to the payment and performance of all of the Obligations (including any Obligations arising under this Section 2.15), it being the intention of the parties hereto that all the Obligations shall be the joint and
            several obligations of each Borrower without preferences or distinction among them.

           

          (c)        If and to the extent that any Borrower shall fail to make any payment with respect to any of the Obligations as and when due or to perform any of the Obligations in accordance with
            the terms thereof, then in each such event the other Borrowers will make such payment with respect to, or perform, such Obligation until such time as all of the Obligations are paid in full.

           

          (d)        The Obligations of each Borrower under the provisions of this Section 2.15 constitute the absolute and unconditional, full recourse Obligations of each Borrower enforceable
            against each Borrower to the full extent of its properties and assets, irrespective of the validity, regularity or enforceability of the provisions of this Agreement (other than this Section 2.15(d)) or any other circumstances
            whatsoever.

           

          
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          (e)         Except as otherwise expressly provided in this Agreement, each Borrower hereby waives notice of acceptance of its joint and several liability, notice of any Revolving Loans or
            Letters of Credit issued under or pursuant to this Agreement, notice of the occurrence of any Default, Event of Default, or of any demand for any payment under this Agreement, notice of any action at any time taken or omitted by Administrative
            Agent or Lenders under or in respect of any of the Obligations, any requirement of diligence or to mitigate damages and, generally, to the extent permitted by applicable law, all demands, notices and other formalities of every kind in
            connection with this Agreement (except as otherwise provided in this Agreement).  Each Borrower hereby assents to, and waives notice of, any extension or postponement of the time for the payment of any of the Obligations, the acceptance of any
            payment of any of the Obligations, the acceptance of any partial payment thereon, any waiver, consent or other action or acquiescence by Administrative Agent or Lenders at any time or times in respect of any default by any Borrower in the
            performance or satisfaction of any term, covenant, condition or provision of this Agreement, any and all other indulgences whatsoever by Administrative Agent or Lenders in respect of any of the Obligations, and the taking, addition,
            substitution or release, in whole or in part, at any time or times, of any security for any of the Obligations or the addition, substitution or release, in whole or in part, of any Borrower.  Without limiting the generality of the foregoing,
            each Borrower assents to any other action or delay in acting or failure to act on the part of Administrative Agent or any Lender with respect to the failure by any Borrower to comply with any of its respective Obligations, including, without
            limitation, any failure strictly or diligently to assert any right or to pursue any remedy or to comply fully with applicable laws or regulations thereunder, which might, but for the provisions of this Section 2.15 afford grounds for
            terminating, discharging or relieving any Borrower, in whole or in part, from any of its Obligations under this Section 2.15, it being the intention of each Borrower that, so long as any of the Obligations hereunder remain unsatisfied,
            the Obligations of each Borrower under this Section 2.15 shall not be discharged except by performance and then only to the extent of such performance.  The Obligations of each Borrower under this Section 2.15 shall not be
            diminished or rendered unenforceable by any winding up, reorganization, arrangement, liquidation, reconstruction or similar proceeding with respect to any other Borrower or Administrative Agent or any Lender.

           

          (f)          Each Borrower represents and warrants to Administrative Agent and Lenders that such Borrower is currently informed of the financial condition of Borrowers and of all other
            circumstances which a diligent inquiry would reveal and which bear upon the risk of nonpayment of the Obligations.  Each Borrower further represents and warrants to Administrative Agent and Lenders that such Borrower has read and understands
            the terms and conditions of the Loan Documents.  Each Borrower hereby acknowledges and agrees that no member of the Lender Group shall have any obligation to keep such Borrower informed of any other Borrowers’ financial condition or of any
            other circumstances which bear upon the risk of nonpayment or nonperformance of the Obligations.

           

          (g)        The provisions of this Section 2.15 are made for the benefit of Administrative Agent, each other Secured Party, and their respective successors and assigns, and may be
            enforced by it or them from time to time against any or all Borrowers as often as occasion therefor may arise and without requirement on the part of Administrative Agent, any other Secured Party, or any of their successors or assigns first to
            marshal any of its or their claims or to exercise any of its or their rights against any Borrower or to exhaust any remedies available to it or them against any Borrower or to resort to any other source or means of obtaining payment of any of
            the Obligations hereunder or to elect any other remedy.  The provisions of this Section 2.15 shall remain in effect until all of the Obligations shall have been paid in full or otherwise fully satisfied.  If at any time, any payment, or
            any part thereof, made in respect of any of the Obligations, is rescinded or must otherwise be restored or returned by Administrative Agent or any other Secured Party upon the insolvency, bankruptcy or reorganization of any Borrower, or
            otherwise, the provisions of this Section 2.15 will forthwith be reinstated in effect, as though such payment had not been made.

           

          (h)        Each Borrower hereby agrees that it will not enforce any of its rights of contribution or subrogation against any other Borrower with respect to any liability incurred by it
            hereunder or under any of the other Loan Documents, any payments made by it to Administrative Agent or any other Secured Party with respect to any of the Obligations or any collateral security therefor until such time as all of the Obligations
            have been paid in full in cash.  Any claim which any Borrower may have against any other Borrower with respect to any payments to any Administrative Agent or any other Secured Party are hereby expressly made subordinate and junior in right of
            payment, without limitation as to any increases in the Obligations arising hereunder or thereunder, to the prior payment in full in cash of the Obligations and, in the event of any insolvency, bankruptcy, receivership, liquidation,
            reorganization or other similar proceeding under the laws of any jurisdiction relating to any Borrower, its debts or its assets, whether voluntary or involuntary, all such Obligations shall be paid in full in cash before any payment or
            distribution of any character, whether in cash, securities or other property, shall be made to any other Borrower therefor.

           

          
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          (i)          Each Borrower hereby agrees that after the occurrence and during the continuance of any Default or Event of Default, such Borrower will not demand, sue for or otherwise attempt to
            collect any indebtedness of any other Borrower owing to such Borrower until the Obligations shall have been paid in full in cash.  If, notwithstanding the foregoing sentence, such Borrower shall collect, enforce or receive any amounts in
            respect of such indebtedness, such amounts shall be collected, enforced and received by such Borrower as trustee for Administrative Agent, and such Borrower shall deliver any such amounts to Administrative Agent for application to the
            Obligations in accordance with Section 2.4(b).

           

          
            
              	
                      3.

                    	
                      CONDITIONS; TERM OF AGREEMENT.

                    

            

          

           

          3.1        Conditions Precedent to the Initial Extension of Credit. The obligation of
            each Lender to make the initial extension of credit provided for hereunder is subject to the fulfillment, to the satisfaction of Administrative Agent and each Lender, of each of the conditions precedent set forth on Schedule 3.1 (the
            making of such initial extensions of credit by a Lender being conclusively deemed to be its satisfaction or waiver of the conditions precedent ).

           

          3.2        Conditions Precedent to all Extensions of Credit. The obligation of the
            Lender Group (or any member thereof) to make any Revolving Loans hereunder (or to extend any other credit hereunder) at any time shall be subject to the following conditions precedent:

           

          (a)         the representations and warranties of each Borrower or its Subsidiaries contained in this Agreement or in the other Loan Documents shall be true and correct in all material respects
            (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) on and as of the date of such extension of credit, as though made
            on and as of such date (except to the extent that such representations and warranties relate solely to an earlier date, in which case such representations and warranties shall be true and correct in all material respects (except that such
            materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) as of such earlier date);

           

          (b)        no Default or Event of Default shall have occurred and be continuing on the date of such extension of credit, nor shall either result from the making thereof;

           

          (c)         after giving effect to the requested Revolving Loan or other extension of credit hereunder, as applicable, (i) the Total Revolver Usage shall not exceed the lesser of (A) the
            Maximum Revolver Amount, (B) the Total Borrowing Base as then in effect and (C) the Trailing 90 Day Collections reflected in the Trailing 90 Day Collection Report most recently delivered by Borrowers to Administrative Agent and the
            Co-Collateral Agents, (ii) the US Revolver Usage shall not exceed the lesser of (A) the Maximum US Loan Amount, (B) the US Borrowing Base as then in effect and (C) the Trailing 90 Day Collections with respect to Accounts of US Borrowers
            reflected in the Trailing 90 Day Collection Report most recently delivered by Borrowers to Administrative Agent and the Co-Collateral Agents, and (iii) the Australian Revolver Usage shall not exceed the lesser of (A) the Maximum Australian Loan
            Amount, (B) the Australian Borrowing Base as then in effect and (C) the Trailing 90 Day Collections with respect to Accounts of Australian Borrowers reflected in the Trailing 90 Day Collection Report most recently delivered by Borrowers to
            Administrative Agent and the Co-Collateral Agents; and

           

          (d)          in relation to Australian Revolving Loans, the fulfillment, to the satisfaction of Administrative Agent and each Lender, of each of the conditions set forth in Section 5.16.

           

          3.3          Maturity. This Agreement shall continue in full force and effect for a term
            ending on the Maturity Date.

           

          
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          3.4          Effect of Maturity. On the Maturity Date, all commitments of the Lender Group to provide additional credit hereunder shall
            automatically be terminated and all of the Obligations immediately shall become due and payable without notice or demand and Borrowers shall be required to repay all of the Obligations in full.  No termination of the obligations of the Lender
            Group (other than payment in full of the Obligations and termination of the Commitments) shall relieve or discharge any Loan Party of its duties, obligations, or covenants hereunder or under any other Loan Document and Agent’s Liens in the
            Collateral shall continue to secure the Obligations and shall remain in effect until all Obligations have been paid in full and the Commitments have been terminated.  When all of the Obligations have been paid in full and the Lender Group’s
            obligations to provide additional credit under the Loan Documents have been terminated irrevocably, Administrative Agent will, at Borrowers’ sole expense, execute and deliver any termination statements, lien releases, discharges of security
            interests, and other similar discharge or release documents (and, if applicable, in recordable form) as are reasonably necessary to release, as of record, Agent’s Liens and all notices of security interests and liens previously filed by
            Administrative Agent.

           

          3.5         Early Termination by Borrowers. Borrowers have
            the option, at any time upon five (5) Business Days prior written notice to Administrative Agent, to terminate this Agreement and terminate the Commitments hereunder by repaying to Administrative Agent all of the Obligations in full.  The
            foregoing notwithstanding, (a) Borrowers may rescind termination notices relative to proposed payments in full of the Obligations with the proceeds of third party Indebtedness if the closing for such issuance or incurrence does not happen on or
            before the date of the proposed termination (in which case, a new notice shall be required to be sent in connection with any subsequent termination), and (b) Borrowers may extend the date of termination at any time with the consent of
            Administrative Agent (which consent shall not be unreasonably withheld or delayed).

           

          3.6          Conditions Subsequent. The obligation of the Lender Group (or any member thereof) to continue to make
            Revolving Loans (or otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of the conditions subsequent set forth on Schedule 3.6 (the failure by Borrowers to so perform or cause to
            be performed such conditions subsequent as and when required by the terms thereof (unless such date is extended, in writing, by Administrative Agent, which Administrative Agent may do without obtaining the consent of the other members of the
            Lender Group), shall constitute an Event of Default).  To any extent that performance contemplated on Schedule 3.6 is required pursuant to other terms of the Loan Documents, it shall not constitute a default or Event of Default that
            such performance remains unperformed before the date (as it may be extended pursuant to the foregoing sentence) required on Schedule 3.6.

           

          
            
              	
                      4.

                    	
                      REPRESENTATIONS AND WARRANTIES.

                    

            

          

           

          In order to induce the Secured Parties to enter into this Agreement, each Borrower makes the following representations and warranties to the Secured Parties which shall be true, correct, and
            complete, in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof), as of the Closing Date, and
            shall be true, correct, and complete, in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof), as
            of the date of the making of each Revolving Loan (or other extension of credit) made thereafter, as though made on and as of the date of such Revolving Loan (or other extension of credit) (except to the extent that such representations and
            warranties relate solely to an earlier date, in which case such representations and warranties shall be true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations and
            warranties that already are qualified or modified by materiality in the text thereof) as of such earlier date) and such representations and warranties shall survive the execution and delivery of this Agreement:

           

          4.1          Due Organization and Qualification; Subsidiaries.

           

          (a)         Each Loan Party (i) is duly organized and existing and, other than in relation to the Australian Loan Parties, in good standing under the laws of the jurisdiction of its
            organization, (ii) is qualified to do business in any state where the failure to be so qualified, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect, and (iii) has all requisite power and
            authority to own and operate its properties,  to carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents to which it is a party and to carry out the transactions contemplated thereby.

           

          
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          (b)       Set forth on Schedule 4.1(b) (as such Schedule may be updated from time to time to reflect changes resulting from transactions permitted under this Agreement) is a complete
            and accurate description of the authorized Equity Interests of each Loan Party, by class, and, as of the Closing Date, a description of the number of shares of each such class that are issued and outstanding.  No Borrower is subject to any
            obligation (contingent or otherwise) to repurchase or otherwise acquire or retire any shares of its Equity Interests or any security convertible into or exchangeable for any of its Equity Interests.

           

          (c)       Set forth on Schedule 4.1(c) (as such Schedule may be updated from time to time to reflect changes resulting from transactions permitted under this Agreement), is a complete
            and accurate list of the Loan Parties’ direct and indirect Subsidiaries, showing: (i) the number of shares of each class of common and preferred Equity Interests authorized for each of such Subsidiaries, and (ii) the number and the percentage
            of the outstanding shares of each such class owned directly or indirectly by Parent.  All of the outstanding Equity Interests of each such Subsidiary has been validly issued and is fully paid and non-assessable.

           

          (d)        Except as set forth on Schedule 4.1(d), there are no subscriptions, options, warrants, or calls relating to any shares of any Loan Party’s or any of its Subsidiaries’ Equity
            Interests, including any right of conversion or exchange under any outstanding security or other instrument.

           

          4.2         Due Authorization; No Conflict.

           

          (a)         As to each Loan Party, the execution, delivery, and performance by such Loan Party of the Loan Documents to which it is a party have been duly authorized by all necessary action on
            the part of such Loan Party.

           

          (b)        As to each Loan Party, the execution, delivery, and performance by such Loan Party of the Loan Documents to which it is a party do not (i) violate any material provision of federal,
            state, or local law or regulation applicable to any Loan Party or its Subsidiaries, the Governing Documents of any Loan Party or its Subsidiaries, or any order, judgment, or decree of any court or other Governmental Authority binding on any
            Loan Party or its Subsidiaries, (ii) conflict with, result in a breach of, or constitute (with due notice or lapse of time or both) a default under any material agreement of any Loan Party or its Subsidiaries where any such conflict, breach or
            default could individually or in the aggregate reasonably be expected to have a Material Adverse Effect, (iii) result in or require the creation or imposition of any Lien of any nature whatsoever upon any assets of any Loan Party, other than
            Permitted Liens, or (iv) require any approval of any holder of Equity Interests of a Loan Party or any approval or consent of any Person under any material agreement of any Loan Party, other than consents or approvals that have been obtained
            and that are still in force and effect and except, in the case of material agreements, for consents or approvals, the failure to obtain could not individually or in the aggregate reasonably be expected to cause a Material Adverse Effect.

           

          4.3         Governmental Consents

           

          .  The execution, delivery, and performance by each Loan Party of the Loan Documents to which such Loan Party is a party and the consummation of the transactions
            contemplated by the Loan Documents do not require any registration with, consent, or approval of, or notice to, or other action with or by, any Governmental Authority, other than registrations, consents, approvals, notices, or other actions
            that have been obtained and that are still in force and effect and except for filings and recordings with respect to the Collateral to be made, or otherwise delivered to Administrative Agent for filing or recordation, as of the Closing Date.

           

          4.4          Binding Obligations; Perfected Liens.

           

          (a)        Each Loan Document has been duly executed and delivered by each Loan Party that is a party thereto and is the legally valid and binding obligation of such Loan Party, enforceable
            against such Loan Party in accordance with its respective terms, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’ rights
            generally.

           

          
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          (b)        Agent’s Liens are validly created, perfected (to the extent that they may be perfected by the filing of financing statements, the entry into Control Agreements required hereby, or
            the recordation of security agreements with the United States Patent and Trademark Office or with the United States Copyright Office (or equivalent intellectual property registry), as applicable), and first priority Liens, subject only to the
            Intercreditor Agreement and Permitted Liens which by operation of law or pursuant to the express terms of the Loan Documents would have priority over the Liens securing the Obligations, permitted purchase money Liens, or the interests of
            lessors under Capital Leases.  As of the Australian Joinder Effective Date, each of the Australian Security Trustee’s Liens are legal, valid and binding and are enforceable in accordance with the terms of the Australian Security Documents,
            subject to any stamping and perfection (within the meaning of the Australian PPSA) of any security interest within the meaning of the Australian PPSA or any other required registration requirements, except as enforcement may be limited by
            equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’ rights generally.

           

          4.5         Title to Assets; No Encumbrances.  Each of the Loan Parties and
            its Subsidiaries has (a) good, sufficient and legal title to (in the case of fee interests in Real Property), (b) valid leasehold interests in (in the case of leasehold interests in real or personal property), and (c) good title to (in the case
            of all other personal property), all of their respective assets reflected in their most recent financial statements delivered pursuant to Section 5.1, in each case except for Permitted Liens and assets disposed of since the date of such
            financial statements to the extent permitted hereby.  All of such assets are free and clear of Liens except for Permitted Liens.

           

          4.6          Litigation.

           

          (a)         There are no actions, suits, or proceedings pending or, to the knowledge of any Borrower, threatened in writing against a Loan Party or any of its Subsidiaries that (i) either
            individually or in the aggregate could reasonably be expected to result in a Material Adverse Effect or (ii) involves any of the Loan Documents or the transactions contemplated by the Loan Documents.

           

          (b)         Schedule 4.6(b) sets forth a complete and accurate description, with respect to each of the actions, suits, or proceedings with asserted liabilities in excess of, or that
            could reasonably be expected to result in liabilities in excess of $1,000,000 that, as of the Closing Date, is pending or, to the knowledge of any Borrower, threatened against a Loan Party or any of its Subsidiaries, of (i) the parties to such
            actions, suits, or proceedings, (ii) the nature of the dispute that is the subject of such actions, suits, or proceedings, (iii) the procedural status, as of the Closing Date, with respect to such actions, suits, or proceedings, and (iv)
            whether any liability of the Loan Parties’ and their Subsidiaries in connection with such actions, suits, or proceedings is covered by insurance.

           

          4.7        Compliance with Laws. No Loan Party nor any of
            its Subsidiaries (a) is in violation of any applicable laws, rules, regulations, executive orders, or codes (including Environmental Laws) that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse
            Effect, or (b) is subject to or in default with respect to any final judgments, writs, injunctions, decrees, rules or regulations of any court or any federal, state, municipal or other governmental department, commission, board, bureau, agency
            or instrumentality, domestic or foreign, that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect.

           

          4.8          No Material Adverse Effect. The historical financial statements relating to the Loan Parties and their
            Subsidiaries for the fiscal year ended December 31, 2016, and each financial statement delivered by Borrowers to Administrative Agent pursuant to Section 5.1 hereof, have been prepared in accordance with GAAP (except, in the case of
            unaudited financial statements, for the lack of footnotes, being subject to year-end audit adjustments and, in the case of financial statements relating to periods ending before March 31, 2017, any failure to be in accordance with GAAP in
            connection with the pending completion of the Prior Tax Calculation (as defined in the Reorganization Plan)) and present fairly in all material respects, the Loan Parties’ and their Subsidiaries’ consolidated financial condition as of the date
            thereof and results of operations for the period then ended, subject to completion of the Prior Tax Calculation (as defined in the Reorganization Plan).  Since December 31, 2016, no event, circumstance, or change has occurred that has or could
            reasonably be expected to result in a Material Adverse Effect with respect to the Loan Parties and their Subsidiaries.

           

          
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          4.9          Solvency.

           

          (a)          Each Loan Party is Solvent.

           

          (b)         No transfer of property is being made by any Loan Party and no obligation is being incurred by any Loan Party in connection with the transactions contemplated by this Agreement or
            the other Loan Documents with the intent to hinder, delay, or defraud either present or future creditors of such Loan Party.

           

          4.10       ERISA. During the five year period prior to the date on which this
            representation is made or deemed to be made with respect to any Plan or Multiemployer Plan, no ERISA Event has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events for which liability has
            occurred during such five year period or for which liability is reasonably expected to occur, could reasonably be expected to result in a Material Adverse Effect. The present value of all accumulated benefit obligations under each Plan (based
            on the assumptions used for purposes of Accounting Standards Codification No. 715: Compensation Retirement Benefits) did not, as of the date of the most recent financial statements reflecting such amounts, exceed the fair market value of the
            assets of such Plan by an amount that would reasonably be expected to have a Material Adverse Effect, and the present value of all accumulated benefit obligations of all underfunded Plans (based on the assumptions used for purposes of
            Accounting Standards Codification No. 715: Compensation Retirement Benefits) did not, as of the date of the most recent financial statements reflecting such amounts, exceed the fair market value of the assets of all such underfunded Plans by an
            amount that would reasonably be expected to have a Material Adverse Effect.

           

          4.11     Environmental Condition. Except as set forth on Schedule 4.11 and any
            other matters that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, none of the Loan Parties (i) has failed to comply with any Environmental Law or to obtain, maintain or comply with
            any permit, license or other approval required under any Environmental Law, (ii) has become subject to any Environmental Liability, (iii) has received notice of any claim with respect to any Environmental Liability or (iv) knows of any facts or
            circumstances which are reasonably likely to form the basis for any Environmental Liability.

           

          4.12       Complete Disclosure. All factual information
            taken as a whole (other than forward-looking information and projections and information of a general economic nature and general information about Borrowers’ industry) furnished by or on behalf of a Loan Party or its Subsidiaries in writing to
            Administrative Agent or any Lender (including all information contained in the Schedules hereto or in the other Loan Documents) for purposes of or in connection with this Agreement or the other Loan Documents true and accurate, in all material
            respects, on the date as of which such information is dated or certified and not incomplete by omitting to state any fact necessary to make such information (taken as a whole) not misleading in any material respect at such time in light of the
            circumstances under which such information was provided.  The Projections delivered to Administrative Agent on November 7, 2016 represent, and as of the date on which any other Projections are delivered to Administrative Agent, such additional
            Projections represent, Borrowers’ good faith estimate, on the date such Projections are delivered, of the Loan Parties’ and their Subsidiaries’ future performance for the periods covered thereby based upon assumptions believed by Borrowers to
            be reasonable at the time of the delivery thereof to Administrative Agent (it being understood that such Projections are subject to significant uncertainties and contingencies, many of which are beyond the control of the Loan Parties and their
            Subsidiaries, and no assurances can be given that such Projections will be realized, and although reflecting Borrowers’ good faith estimate, projections or forecasts based on methods and assumptions which Borrowers believed to be reasonable at
            the time such Projections were prepared, are not to be viewed as facts, and that actual results during the period or periods covered by the Projections may differ materially from projected or estimated results).  The information included in the
            Beneficial Ownership Certification most recently provided to the Administrative Agent and Lenders is true and correct in all respects.

           

          
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          4.13       Patriot Act. To the extent applicable, each Loan Party is in compliance, in all material respects, with the (a) Trading with the Enemy
            Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto, and (b) Uniting and
            Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA Patriot Act of 2001) (the “Patriot Act”).  No part of the proceeds of the loans made hereunder will be used by any Loan Party,
            directly or, to its knowledge after due care and inquiry, indirectly, 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 the United States Foreign Corrupt Practices Act of 1977, as amended.

           

          4.14     Indebtedness. Set forth on Schedule 4.14 is a true and complete list of
            all Indebtedness of each Loan Party and each of its Subsidiaries outstanding immediately prior to the Closing Date that is to remain outstanding immediately after giving effect to the closing hereunder on the Closing Date and such Schedule
            accurately sets forth the aggregate principal amount of such Indebtedness as of the Closing Date.

           

          4.15       Payment of Taxes. Except as otherwise permitted under Section 5.5,
            all Federal and all material state and local Tax returns and reports of each Loan Party and its Subsidiaries required to be filed by any of them have been timely filed (taking into account any applicable extensions), and all Taxes required to
            be paid by each Loan Party and its Subsidiaries have been paid by it or them, except (x) Taxes in an amount not exceeding $5,000,000 in the aggregate or (y) Taxes that are being contested by such Loan Party or such Subsidiary diligently, in
            good faith, and by appropriate proceedings and for which such Loan Party or Subsidiary has set aside on its books adequate reserves in accordance with GAAP.  As of the Fifth Amendment Effective Date, no tax liens have been filed and no claims
            are being asserted with respect to any such Taxes.

           

          4.16     Margin Stock. No Loan Party nor any of its Subsidiaries is engaged principally,
            or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any Margin Stock.  No part of the proceeds of the loans made to Borrowers will be used to purchase or carry any Margin Stock or
            to extend credit to others for the purpose of purchasing or carrying any Margin Stock or for any purpose that violates the provisions of Regulation T, U or X of the Board of Governors.

           

          4.17       Governmental Regulation. No Loan Party nor any of its Subsidiaries is subject
            to regulation under the Federal Power Act or the Investment Company Act of 1940 or under any other federal or state statute or regulation which may limit its ability to incur Indebtedness or which may otherwise render all or any portion of the
            Obligations unenforceable.  No Loan Party nor any of its Subsidiaries is a “registered investment company” or a company “controlled” by a “registered investment company” or a “principal underwriter” of a “registered investment company” as such
            terms are defined in the Investment Company Act of 1940.

           

          4.18       OFAC, Sanctions; Anti-Corruption Laws; Anti-Money Laundering Laws. No Loan Party nor any of its
            Subsidiaries is in violation of any Sanctions.  No Loan Party nor any of its Subsidiaries nor, to the knowledge of such Loan Party, any director, officer, employee, agent or Affiliate of such Loan Party or such Subsidiary (a) is a Sanctioned
            Person, (b) has any assets located in any Sanctioned Country, or (c) derives revenues from investments in, or transactions with Sanctioned Persons or Sanctioned Countries. Each of the Loan Parties and its Subsidiaries has implemented and
            maintains in effect policies and procedures designed to ensure compliance with all Sanctions, Anti-Corruption Laws and Anti-Money Laundering Laws.  Each of the Loan Parties and its Subsidiaries, and to the knowledge of each such Loan Party,
            each director, officer, employee, agent and Affiliate of each such Loan Party and each such Subsidiary, is in compliance with all Sanctions, Anti-Corruption Laws and Anti-Money Laundering Laws.  No proceeds of any Loan made or Letter of Credit
            issued hereunder will be used to fund any operations in, finance any investments or activities in, or make any payments to, a Sanctioned Person or a Sanctioned Country, or otherwise used in any manner that would result in a violation of any
            Sanction, Anti-Corruption Law or Anti-Money Laundering Law by any Person (including any Lender, Bank Product Provider, or other individual or entity participating in any transaction). 

           

          

          
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          4.19      Employee and Labor Matters. There is (i) no unfair labor practice complaint pending or, to the knowledge of any Borrower, threatened
            against Parent or its Subsidiaries before any Governmental Authority and no grievance or arbitration proceeding pending or threatened against Parent or its Subsidiaries which arises out of or under any collective bargaining agreement, (ii) no
            strike, labor dispute, slowdown, stoppage or similar action or grievance pending or threatened in writing against Parent or its Subsidiaries or (iii) to the knowledge of any Borrower, no union representation question existing with respect to
            the employees of Parent or its Subsidiaries and no union organizing activity taking place with respect to any of the employees of Parent or its Subsidiaries, in each case of clauses (i) through (iii), that individually or in the
            aggregate, could reasonably be expected to result in a Material Adverse Effect.  None of Parent or its Subsidiaries has incurred any liability or obligation under the Worker Adjustment and Retraining Notification Act or similar state law, which
            remains unpaid or unsatisfied.  The hours worked and payments made to employees of Parent and its Subsidiaries have not been in violation of the Fair Labor Standards Act, the Fair Work Act 2009 (Cth) of Australia  or any other applicable legal
            requirements, except to the extent such violations could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect.  All material payments due from Parent or its Subsidiaries on account of wages and
            employee health and welfare insurance and other benefits have been paid or accrued as a liability on the books of Parent, except where the failure to do so could not, individually or in the aggregate, reasonably be expected to result in a
            Material Adverse Effect. The consummation of the transactions contemplated by the Loan Documents will not give rise to any right of termination or right of renegotiation on the part of any union under any collective bargaining agreement to
            which any Loan Party is bound. 

          

          

          4.20      Use of Proceeds. The proceeds of the Revolving Loans and other extensions of
            credit under this Agreement have been and will be used in accordance with the provisions of Section 6.11. 

           

          4.21      Leases.  Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed
            possession under all leases material to their business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the
            applicable Loan Party or its Subsidiaries exists under any of them.

           

          4.22      Eligible Accounts. As to each Account that is identified by Borrowers as an Eligible Account in a Borrowing
            Base Certificate submitted to Administrative Agent and Co-Collateral Agents, such Account is (a) a bona fide existing payment obligation of the applicable Account Debtor created by the sale and delivery of Inventory or the rendition of services
            to such Account Debtor in the ordinary course of the Borrowers’ business, (b) owed to a Borrower without any known defenses, disputes, offsets, counterclaims, or rights of return or cancellation, and (c) not excluded as ineligible by failing to
            satisfy one or more of the criteria (other than any Co-Collateral Agent’s discretionary criteria) set forth in the definition of Eligible Billed Accounts. 

          

          

          4.23        Term Loan Documents. Parent has delivered to Administrative Agent true,
            correct and complete copies of the Term Loan Documents. 

           

          4.24       Hedge Agreements. On each date as of which any Hedge Agreement is entered into between any Hedge Provider
            and any Loan Party, each Loan Party that is a counterparty to such Hedge Agreement satisfies all eligibility, suitability and other requirements under the Commodity Exchange Act (7 U.S.C. § 1, et seq., as in effect from time to time) and the
            Commodity Futures Trading Commission regulations. 

           

          4.25       Credit Card Arrangements. Set forth on Schedule 4.25 is a list describing all arrangements to which any
            Borrower is a party with respect to the processing and/or payment to such Borrower of the proceeds of any credit card charges and debit card charges for sales made by such Borrower. 

          

          

          4.26      Tax Consolidation and Payment of Taxes.  On and with effect from the time that they form an Australian Tax
            Consolidated Group, each Australian Loan Party is a member of an Australian Tax Consolidated Group for which the Head Company (as defined in the Income Tax Assessment Act 1997 (Cth) is Thryv Ausco. 

           

          
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                      5.

                    	
                      AFFIRMATIVE COVENANTS.

                    

            

          

           

          Each Borrower covenants and agrees that, until termination of all of the Commitments and payment in full of the Obligations:

           

          5.1        Financial Statements, Reports, Certificates. Borrowers (a) will deliver to
            Administrative Agent (and if so requested by Administrative Agent, with copies to each Lender) each of the financial statements, reports, and other items set forth on Schedule 5.1 no later than the times specified therein, (b) agree
            that no Subsidiary of a Loan Party will have a fiscal year different from that of Parent, (c) agree to maintain a system of accounting that enables Borrowers to produce financial statements in accordance with GAAP, (d) agree that they will, and
            will cause each other Loan Party to, (i) keep a reporting system that shows all additions, sales, claims, returns, and allowances with respect to their and their Subsidiaries’ sales, and (ii) maintain their billing systems and practices
            substantially as in effect as of the Closing Date and shall only make material modifications thereto with notice to, and with the consent of, Administrative Agent, such consent not to be unreasonably withheld, conditioned or delayed, and (e)
            together with each Compliance Certificate delivered pursuant to Schedule 5.1, will deliver to Administrative Agent any changes in the information provided in the most recently delivered Beneficial Ownership Certification that would
            result in a change to the list of beneficial owners identified in parts (c) or (d) of such Beneficial Ownership Certification and, promptly following Administrative Agent’s or any Lender’s request (via Administrative Agent) therefor, agree to
            provide any information and documentation reasonably requested for purposes of compliance with the Beneficial Ownership Regulation. 

           

          Notwithstanding the foregoing, the obligations in clauses (a), (b) and (c) of Schedule 5.1 may instead be satisfied with respect to any financial statements of Parent and its Subsidiaries by
            furnishing (A) the applicable financial statements of Parent (or any other parent company of Parent) or (B) Parent’s (or any other parent company of Parent’s) Form 10-K or 10-Q, as applicable, filed with the SEC, in each case, within the time
            periods specified in such schedule and, so long as such filings are publicly available, without any requirement to provide notice of such filing to Administrative Agent or any Lender; provided, that (i) to the extent (x) such
            information relates to Parent (or a parent thereof) and (y) either (1) such Parent (or any other parent company that is a subsidiary of such parent company) has any material third party Indebtedness and/or material operations (as determined by
            Administrative Borrower in good faith and other than any operations that are attributable solely to Parent’s (or such other parent company’s) ownership of Administrative Borrower and its Subsidiaries) or (2) there are material differences
            between the financial statements of Parent (or such other parent company) and its consolidated subsidiaries, on the one hand, and Administrative Borrower and its consolidated subsidiaries, on the other hand, such financial statements or Form
            10-K or Form 10-Q, as applicable, shall be accompanied by unaudited consolidating information that summarizes in reasonable detail the differences between the information relating to Parent (or such other parent company) and its consolidated
            subsidiaries, on the one hand, and the information relating to Administrative Borrower and its Subsidiaries on a stand-alone basis, on the other hand, which consolidating information shall be certified by a Financial Officer of Administrative
            Borrower as having been fairly presented in all material respects and (ii) to the extent such information is in lieu of information required to be provided under clause (c) of Schedule 5.1, such materials are accompanied by a
            report and opinion of an independent public accountants of recognized national standing, which report and opinion shall satisfy the applicable requirements set forth in clause (c) of Schedule 5.1.

           

          Subject to the paragraph immediately above, any documents required to be delivered pursuant to Schedule 5.1 may be delivered electronically and if so delivered, shall be deemed to have
            been delivered on the date (i) on which Parent or Administrative Borrower posts such documents, or provides a link thereto on Parent’s or Administrative Borrower’s website on the Internet at the website address provided to Administrative Agent
            from time to time in writing; or (ii) on which such documents are posted on Parent’s or Administrative Borrowers’ behalf on IntraLinks/IntraAgency or another relevant website, if any, to which each Lender and the Administrative Agent have
            access (whether a commercial, third-party website or whether sponsored by Administrative Agent).

           

          
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          5.2         Reporting. Borrowers (a) will deliver to Administrative Agent and Co-Collateral Agents, as applicable, (and if so requested by
            Administrative Agent, with copies for each Lender) each of the reports set forth on Schedule 5.2 at the times specified therein, and (b) agree to use commercially reasonable efforts in cooperation with Administrative Agent to facilitate
            and implement a system of electronic collateral reporting in order to provide electronic reporting of each of the items set forth on such Schedule. 

           

          5.3         Existence. Except as otherwise permitted under Section 6.3 or Section

              6.4, each Borrower will, and will cause each of its Subsidiaries and each Guarantor to, preserve and keep in full force and effect such Person’s legal existence and, other than with respect to the Australian Loan Parties, good standing in
            its jurisdiction of organization and, except as could not reasonably be expected to result in a Material Adverse Effect, other than with respect to the Australian Loan Parties, good standing with respect to all other jurisdictions in which it
            is qualified to do business and take all reasonable action to maintain any rights, franchises, permits, licenses, authorizations, or other approvals material to the conduct of their businesses. 

           

          5.4         Maintenance of Properties.  Each Borrower will, and will cause each of its
            Subsidiaries and each Guarantor to, maintain and preserve all of its property (other than Intellectual Property) that are material to the proper conduct of its business in good working order and condition, ordinary wear, tear, casualty, and
            condemnation and Permitted Dispositions excepted (and except where the failure to do so could not reasonably be expected to result in a Material Adverse Effect). 

           

          5.5       Taxes. Each Borrower will, and will cause each of
            its Subsidiaries and each Guarantor to, pay in full before delinquency or before the expiration of any extension period all material Taxes imposed, levied, or assessed against it, or any of its assets or in respect of any of its income,
            businesses, or franchises, except where (a) the validity or amount thereof is being contested in good faith by appropriate proceedings; provided, however, such Loan Party’s liability for such Taxes would not result in aggregate
            liabilities in excess of $5,000,000 and none of the Collateral would become subject to forfeiture or loss as a result of the contest (provided that this proviso shall not require the Loan Parties to pay any Taxes that are the subject of the
            Prior Tax Calculation (as defined in the Reorganization Plan) pending resolution of the Prior Tax Calculation) and (b) such Loan Party has set aside on its books adequate reserves with respect thereto in accordance with GAAP. 

           

          
            5.6          Insurance. The Borrower will, and will cause each of its Subsidiaries to, maintain, with financially sound and reputable
              insurance companies (a) insurance in such amounts (with no greater risk retention) and against such risks as are customarily maintained by companies of established repute engaged in the same or similar businesses operating in the same or
              similar locations and (b) all insurance required to be maintained pursuant to the Loan Documents. The Borrower will furnish to the Lenders, upon request of the Administrative Agent, information in reasonable detail as to the insurance so
              maintained. Subject to the terms of the Intercreditor Agreement, all property insurance policies covering the Collateral are to be made payable to Administrative Agent for the benefit of Administrative Agent and the Lenders, as their
              interests may appear, in case of loss, pursuant to a standard loss payable endorsement with a standard non contributory “lender” or “secured party” clause and are to contain such other provisions as Administrative Agent may reasonably require
              to fully protect the Lenders’ interest in the Collateral and to any payments to be made under such policies.  All certificates of property and general liability insurance are to be delivered to Administrative Agent, with the loss payable (but
              only in respect of Collateral) and additional insured endorsements in favor of Administrative Agent and shall provide for not less than thirty (30) days (ten (10) days in the case of non-payment) prior written notice to Administrative Agent
              of the exercise of any right of cancellation.  If any Borrower or its Subsidiaries fails to maintain such insurance, Administrative Agent may arrange for such insurance, but at Borrowers’ expense and without any responsibility on
              Administrative Agent’s part for obtaining the insurance, the solvency of the insurance companies, the adequacy of the coverage, or the collection of claims.  Borrowers shall give Administrative Agent prompt notice of any loss exceeding
              $500,000 covered by their or their Subsidiaries’ casualty or business interruption insurance.  Upon the occurrence and during the continuance of an Event of Default, Administrative Agent shall have the sole right to file claims under any
              property and general liability insurance policies in respect of the Collateral, to receive, receipt and give acquittance for any payments that may be payable thereunder, and to execute any and all endorsements, receipts, releases,
              assignments, reassignments or other documents that may be necessary to effect the collection, compromise or settlement of any claims under any such insurance policies. 

             

            

            
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            5.7          Inspection.

             

            (a)        Each Borrower will, and will cause each of its Subsidiaries and each Guarantor to, permit Administrative Agent, Co-Collateral Agents, any Lender, and
              each of their respective duly authorized representatives or agents to visit any of its properties and inspect any of its assets or books and records, to examine and make copies of its books and records, and to discuss its affairs, finances,
              and accounts with, and to be advised as to the same by, its officers and employees (provided an authorized representative of a Borrower shall be allowed to be present) at such reasonable times and intervals as Administrative Agent or any
              Lender, as applicable, may designate and, so long as no Default or Event of Default has occurred and is continuing, with reasonable notice to Borrowers and during regular business hours.

             

            (b)        Each Borrower will, and will cause each of its Subsidiaries and each Guarantor to, permit Administrative Agent and Co-Collateral Agents and each of their duly authorized
              representatives or agents to conduct appraisals and valuations at such reasonable times and intervals as Administrative Agent may designate and, so long as no Default or Event of Default has occurred and is continuing, with reasonable prior
              notice to Borrowers.  So long as no Default or Event of Default has occurred and is continuing, Administrative Agent agrees to provide Borrowers with a copy of the report for any such valuation upon request by Borrowers so long as (i) such
              report exists, (ii) the third person employed by Administrative Agent to perform such valuation consents to such disclosure, and (iii) Borrowers execute and deliver to Administrative Agent a non-reliance letter reasonably satisfactory to
              Administrative Agent.

             

            5.8        Compliance with Laws.  Each Borrower will, and will cause each of its Subsidiaries and each Guarantor to, comply in all
              material respects with the requirements of all laws, rules, regulations, and orders of any Governmental Authority applicable to it, except where the failure to do so, individually or in the aggregate, would not reasonably be expected to
              result in a Material Adverse Effect. 

             

            5.9          Environmental.
              Each Borrower will, and will cause each of its Subsidiaries and each Guarantor to, 

            

            

            (a)        Keep any property either owned or operated by any Borrower or its Subsidiaries free of any Environmental Liens that could reasonably be expected to result in a Material Adverse
              Effect, or post bonds or other financial assurances sufficient to satisfy the obligations or liability evidenced by such Environmental Liens,

             

            (b)        Comply, in all respects, with Environmental Laws applicable to it, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result
              in a Material Adverse Effect, and provide to Administrative Agent documentation of such compliance which Administrative Agent reasonably requests,

             

            (c)         Promptly notify Administrative Agent of any release of which any Borrower has knowledge of a Hazardous Material in any reportable quantity from or
              onto property owned or operated by any Borrower or its Subsidiaries that could reasonably be expected to result in a Material Adverse Effect and take any remedial actions required to abate said release or otherwise to come into compliance, in
              all material respects, with applicable Environmental Law, and

             

            (d)        Promptly, but in any event within five (5) Business Days of its receipt thereof, provide Administrative Agent with written notice of any of the following:  (i) notice that an
              Environmental Lien has been filed against any of the real or personal property of a Borrower or its Subsidiaries that could reasonably be expected to result in a Material Adverse Effect, (ii) commencement of any Environmental Action or
              written notice that an Environmental Action will be filed against a Borrower or its Subsidiaries that could reasonably be expected to result in a Material Adverse Effect, and (iii) written notice of a violation, citation, or other
              administrative order that could reasonably be expected to result in a Material Adverse Effect from a Governmental Authority.

             

            
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            5.10       Disclosure Updates. Each Borrower will, promptly and in no event later than five (5) Business Days after obtaining knowledge thereof, notify
              Administrative Agent if any representation made to Administrative Agent or the Lenders in any Loan Document constituted, at the time it was made, any untrue statement of a material fact or omitted to state any material fact necessary to make
              the statements contained therein not misleading in light of the circumstances in which made.  The foregoing to the contrary notwithstanding, any notification pursuant to the foregoing provision will not cure or remedy the effect of the prior
              untrue statement of a material fact or omission of any material fact nor shall any such notification have the effect of amending or modifying this Agreement or any of the Schedules hereto. 

             

            5.11      Formation of Subsidiaries. Subject to the Intercreditor Agreement and Section 5.16 with respect to the Australian
              Subsidiaries, Administrative Borrower will, promptly, but in any event within fifteen (15) Business Days (or such later date as permitted by Administrative Agent in its sole discretion), notify Administrative Agent after any Loan Party (i)
              forms any direct or indirect Subsidiary (other than an Excluded Subsidiary), (ii) acquires any direct or indirect Subsidiary (other than an Excluded Subsidiary) and/or (iii) designates any Discretionary Guarantor in accordance with the
              definition thereof after the Closing Date, and, within forty-five (45) days after such formation, acquisition or designation (or in the case of any Australian Subsidiary formed or acquired after the Closing Date, such later date upon which
              any applicable “Whitewash” transaction or similar applicable legal requirements have been satisfied) (or such later date as permitted by Administrative Agent in its sole discretion) (a) cause such new Subsidiary to provide to Co-Collateral
              Agents a joinder to the Guaranty and Security Agreement (in the case of any US Subsidiary) or the Australian General Security Deed (in the case of an Australian Subsidiary), together with such other security agreements, as well as appropriate
              financing statements, all in form and substance reasonably satisfactory to Co-Collateral Agents (including being sufficient to grant Administrative Agent and/or Australian Security Trustee, as applicable, a first priority Lien (subject to
              Permitted Liens) in and to the assets of such newly formed or acquired Subsidiary or such Discretionary Guarantor); provided, that the joinder to the Guaranty and Security Agreement or the Australian General Security Deed (as the case may
              be), and such other security agreements shall not be required to be provided to Co-Collateral Agents with respect to any Excluded Subsidiary, (b) provide, or cause the applicable Loan Party to provide, to Co-Collateral Agents a pledge
              agreement (or an addendum to the Guaranty and Security Agreement or the Australian General Security Deed, as the case may be) and appropriate certificates and powers or financing statements, pledging all of the direct or beneficial ownership
              interest in such new Subsidiary in form and substance reasonably satisfactory to Co-Collateral Agents; provided, that only 65% of the total outstanding voting Equity Interests of any Foreign Subsidiary (other than any Australian Subsidiary)
              shall be required to be pledged, and (c) provide to Administrative Agent all other documentation, including one or more opinions of counsel reasonably satisfactory to Co-Collateral Agents, which, in their opinion, is appropriate with respect
              to the execution and delivery of the applicable documentation referred to above.  Any document, agreement, or instrument executed or issued pursuant to this Section 5.11 shall constitute a Loan Document. 

            

            

            5.12     Further Assurances. Each Borrower will, and will cause each of the other Loan Parties to, at any
              time upon the reasonable request of Administrative Agent or Co-Collateral Agents, execute or deliver to Administrative Agent and Co-Collateral Agents any and all financing statements, fixture filings, security agreements, pledges,
              assignments, opinions of counsel, and all other documents (the “Additional Documents”) that Administrative Agent or Co-Collateral Agents may reasonably request in form and substance reasonably satisfactory to Co-Collateral Agents, to
              create, perfect, and continue perfection of Agent’s Liens in all of the assets of Parent, each Borrower and their Subsidiaries of the type that constitute Collateral (whether now owned or hereafter arising or acquired, tangible or intangible,
              real or personal); provided that the foregoing shall not apply to, or to the Equity Interests of, any Subsidiary of Parent or a Borrower that is a Foreign Subsidiary (other than an Australian Subsidiary).  In furtherance of, and not
              in limitation of, the foregoing, each Loan Party shall take such actions as Administrative Agent or Co-Collateral Agents may reasonably request from time to time to ensure that the Obligations are guaranteed by the Guarantors and are secured
              by substantially all of the assets of Parent, each Borrower and its Subsidiaries of a type that constitute Collateral. 

            

            

            
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            5.13      Lender Meetings.  Parent will, during any calendar year, at the request of Administrative Agent or of the Required Lenders and upon reasonable prior
              notice, hold a call (at a mutually agreeable time or, at the option of Administrative Agent, by meeting at a mutually agreeable location), with all Lenders who choose to attend such meeting at which meeting shall be reviewed the financial
              results of the previous fiscal year and the financial condition of Parent and its Subsidiaries and the projections presented for the current fiscal year of Parent. 

             

            5.14      Compliance with ERISA and the IRC. In addition to and without limiting the generality of Section

                5.8, (a) comply with the applicable provisions of ERISA and the IRC with respect to all Employee Benefit Plans except where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material
              Adverse Effect, (b) without the prior written consent of Administrative Agent and the Required Lenders, not take any action (other than to pay contributions or premiums payable in the ordinary course) or fail to take action the result of
              which could result in a Loan Party or ERISA Affiliate incurring a liability to the PBGC or to a Multiemployer Plan except where such liability, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse
              Effect, (c) allow any facts or circumstances to exist with respect to one or more Employee Benefit Plans that, in the aggregate, reasonably could be expected to result in a Material Adverse Effect, (d) not participate in any prohibited
              transaction that could result in a civil penalty, excise tax, fiduciary liability or correction obligation under ERISA or the IRC that, individually or in the aggregate, reasonably could be expected to result in a Material Adverse Effect, (e)
              operate each Employee Benefit Plan in such a manner that will not incur any tax liability under the IRC (including Section 4980B of the IRC) except where the failure to do so, individually or in the aggregate, would not reasonably be expected
              to result in a Material Adverse Effect, and (f) furnish to Administrative Agent upon Administrative Agent’s written request such additional information about any Employee Benefit Plan for which any Loan Party or ERISA Affiliate could
              reasonably expect to incur any material liability.  With respect to each Plan (other than a Multiemployer Plan), the Loan Parties and the ERISA Affiliates shall (i) satisfy in full and in a timely manner, without incurring any late payment or
              underpayment charge or penalty and without giving rise to any Lien, all of the contribution and funding requirements of the IRC and of ERISA, and (ii) pay, or cause to be paid, to the PBGC in a timely manner, without incurring any late
              payment or underpayment charge or penalty, all premiums required pursuant to ERISA, except, in each such case, where the failure to do so, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse
              Effect. 

             

            5.15        OFAC; Sanctions; Anti-Corruption Laws; Anti-Money Laundering Laws. Each Loan Party will, and will cause each of its
              Subsidiaries to comply with all applicable Sanctions, Anti-Corruption Laws and Anti-Money Laundering Laws.  Each of the Loan Parties and its Subsidiaries shall implement and maintain in effect policies and procedures designed to ensure
              compliance by the Loan Parties and their Subsidiaries and their respective directors, officers, employees, agents and Affiliates with all Sanctions, Anti-Corruption Laws and Anti-Money Laundering Laws. 

             

            5.16        Post-Sunshine
                  Acquisition matters.

             

            (a)       Each Borrower shall, no later than ninety (90) days following the Sunshine Acquisition Effective Date (or such later date as the Administrative Agent may reasonably agree), ensure
              that the Administrative Agent receives each item specified below with respect to each of Thryv Ausco and each of the Australian Sunshine Entities (the date of satisfaction of each of the below conditions, the “Australian Joinder Effective
                Date”):

             

            (i)         a certificate from an authorized officer of Thryv Ausco to the effect that all Australian Whitewash Documents have been lodged with ASIC;

             

            (ii)        the following documents (i) a joinder to this Agreement, as applicable, (ii) the Australian General Security Deed, (iii) the Australian Featherweight Security Deed, (iv) the
              Australian Specific Security Deed, (v) the Australian Security Trust Deed, (vi) the Acknowledgement to the Intercreditor Agreement and (vii) each other document required by this Agreement, in each case, in substantially the form agreed on or
              prior to the date hereof, duly authorized, executed and delivered by the parties to each document; and

             

            
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            (iii)       any original title documents, notices and acknowledgments, share transfer forms in respect of relevant capital stock in those Australian Loan Parties, executed in blank and other
              ancillary documents, in each case, to the extent required to be provided under the aforementioned.

             

            (b)         No later than ninety (90) days following the Fifth Amendment Effective Date, the Administrative Agent shall have received:

             

            (i)        satisfactory search results of the ASIC register and the ‘register’ as defined in the Australian PPSA in relation to the Australian Loan Parties; and

             

            (ii)        a customary legal opinion from Norton Rose Fulbright Australia, Australian legal counsel to the Administrative Agent and Lenders regarding the enforceability and perfection of
              security interests under Australian law and due authorization and execution by each of the Australian Loan Parties.

             

            
              
                	
                        6.

                      	
                        NEGATIVE COVENANTS.

                      

              

            

             

            Each Borrower covenants and agrees that, until termination of all of the Commitments and payment in full of the Obligations (other than contingent indemnification obligations for which no
              claim has been asserted):

             

            6.1       Indebtedness.  Each Borrower will not, and will not permit any of
              its Subsidiaries or Parent to create, incur, assume, suffer to exist any Indebtedness, except for Permitted Indebtedness. 

             

            6.2         Liens. Each Borrower will not, and will not permit any of its Subsidiaries or Parent to create, incur, assume, or suffer
              to exist any Lien on or with respect to any of its assets, of any kind, whether now owned or hereafter acquired, except for Permitted Liens. 

             

            6.3          Restrictions on Fundamental Changes. Each Borrower will not, and will not permit any of its
              Subsidiaries or Parent to: 

             

            (a)          merge, consolidate, amalgamate or enter into any similar combination with (including by division), or enter into any Disposition of all or substantially all of its assets
              (whether in a single transaction or a series of transactions) with, any other Person or liquidate, wind-up or dissolve itself (or suffer any liquidation or dissolution), except:

             

            (i)          any Subsidiary may be merged, amalgamated or consolidated with or into (or transfer all or substantially all of its assets to) the Parent (other than any Borrower) or any
              Borrower in a transaction in which the Parent or such Borrower, as applicable, is the surviving entity;

             

            (ii)       any Subsidiary may be merged, amalgamated or consolidated with or into (or transfer all or substantially all of its assets to) any Subsidiary in any transaction in which the
              surviving entity is a Wholly-Owned Subsidiary and, solely if any party to such merger, amalgamation, consolidation or sale of substantially all assets is a Loan Party, the surviving entity is a Loan Party (or, if a Borrower is party thereto,
              the surviving entity is a  Borrower);

             

            (iii)        Dispositions permitted pursuant to Section 6.4;

             

            (iv)        any Subsidiary may merge or consolidate with any other Person in order to effect a Permitted Acquisition, and

             

            (v)       any Subsidiary (other than the Borrowers) may liquidate, wind-up or dissolve (or suffer any liquidation or dissolution) if Administrative Borrower determines in good faith that
              such liquidation or dissolution is in the best interests of the Borrowers and is not materially disadvantageous to the Lenders,

             

            
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            (b)          engage to any material extent in any business other than a Permitted Business, or

             

            (c)          suspend or cease operating a substantial portion of its or their business, except as permitted pursuant to clause (a) above or in connection with a transaction permitted
              under Section 6.4.

             

            6.4          Disposal of Assets.

             

            (a)        Other than Permitted Dispositions or transactions expressly permitted by Sections 6.3 or 6.9, each Borrower will not, and will not permit any of its Subsidiaries or
              Parent to make any Disposition (including by an allocation of assets among newly divided limited liability companies pursuant to a “plan of division” if any assets become the assets of a different Person as a result of such allocation).

             

            (b)        Each Borrower will not, and will not permit any of its Subsidiaries or Parent to, enter into any arrangement, directly or indirectly, whereby it shall sell or transfer any
              property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as the
              property sold or transferred, except (i) any such sale of any fixed or capital assets that is made for cash consideration in an amount not less than the cost of such fixed or capital asset and is consummated within ninety (90) days after such
              Borrower, such Subsidiary or Parent acquires or completes the construction of such fixed or capital asset, to the extent all Capitalized Lease Obligations, Attributable Debt and Liens associated with such sale and leaseback transaction are
              permitted by clause (e) of the definition of Permitted Indebtedness and clause (e) of the definition of Permitted Liens (treating the property subject thereto as being subject to a Lien securing the related Attributable Debt,
              in the case of a sale and leaseback not accounted for as a Capitalized Lease Obligation) and (ii) sale and leaseback transactions with respect to real property or equipment having a fair market value in the aggregate not to exceed
              $25,000,000.

             

            To the extent that any Collateral is disposed of as expressly permitted by Section 6.3 or this Section 6.4, and upon receipt by Administrative Agent of a certificate from an Authorized Person
              certifying that such Disposition is expressly permitted under Section 6.3 or this Section 6.4 (which certificate may be relied upon by the Administrative Agent without further investigation or action), the Liens on such
              Collateral created by the Loan Documents shall be automatically released upon the consummation of such Disposition without need for further action by any Person. In addition, Administrative Agent (and Australian Security Trustee, if
              applicable) will, at Administrative Borrower’s expense, execute and deliver to the applicable Loan Party such documents as such Loan Party may reasonably request to evidence the release of such item of Collateral from the assignment and
              security interest granted under the applicable Loan Documents, or to release a Loan Party from its obligations under the Guaranty and Security Agreement, the Australian General Security Deed and each other applicable Loan Document, in each
              case, in connection with a transaction that is expressly permitted under Section 6.3 or Section 6.4; provided, further, that in the case of a Disposition from a Loan Party to another Loan Party permitted under
              this Agreement, the transferee Loan Party shall as promptly as practicable take all necessary actions to cause the relevant assets (other any assets excluded from the Collateral pursuant to the Loan Documents) disposed to it to become part of
              its Collateral. 

             

            6.5          [Reserved]

             

            6.6          Prepayments and Amendments. Each Borrower will not, and will not permit any of its
              Subsidiaries or Parent to, 

            

            

            (a)          Except in connection with Refinancing Indebtedness permitted by Section 6.1,

             

            (i)       optionally prepay, redeem, defease, purchase, or otherwise acquire any Indebtedness of Parent, any Borrower or its Subsidiaries (it being understood and agreed that no mandatory
              prepayment of the Term Loan pursuant to Section 2.4(b) of the Term Loan Credit Agreement shall be restricted under this Section 6.6(a)(i)), other than:

             

            
              - 45 -

              
                

            

            (A)            the Obligations in accordance with this Agreement,

             

            (B)           Indebtedness under Hedge Agreements,

             

            (C)            Permitted Intercompany Advances,

             

            (D)           any optional prepayment of the Term Loan pursuant to Section 2.4(a) of the Term Loan Credit Agreement, so long as, after giving effect to such prepayment, each of the Term Loan
              Payment Conditions is satisfied,

             

            (E)           any Term Loan Debt Buyback, so long as, after giving effect to such repurchase, each of the Term Loan Payment Conditions is satisfied,

             

            (F)            the conversion of any Junior Indebtedness to Qualified Equity Interests of Parent, and

             

            (G)           any optional prepayment of any other Indebtedness not provided for in clauses (A) through (F) above so long as, as of the date of any such payment, and after
              giving effect thereto, each of the Payment Conditions shall have been satisfied,

             

            (ii)          [Reserved], or

             

            (iii)      make any payment on account of Indebtedness that has been contractually subordinated in right of payment to the Obligations, if such payment is not permitted at such time under
              the subordination terms and conditions governing such Indebtedness.

             

            (b)         Directly or indirectly, amend, modify, or change any of the terms or provisions of

             

            (i)          any agreement, instrument, document, indenture, or other writing evidencing  or concerning Material Indebtedness, other than (A) the Obligations in accordance with this
              Agreement, (B) Permitted Intercompany Advances, (C) the Indebtedness under the Term Loan Documents, and (D) other Material Indebtedness if the effect thereof would materially and adversely affect the rights or interests of the Administrative
              Agent, Co-Collateral Agents or Lenders hereunder, taken as a whole, or would violate the subordination terms thereof,

             

            (ii)          any Term Loan Document, if prohibited by the Intercreditor Agreement, or

             

            (iii)       the Governing Documents of any Loan Party or any of its Subsidiaries in a manner materially adverse to the rights or interests of the Lenders, taken as a whole.

             

            6.7          Restricted Payments.

             

            (a)          Each Borrower will not, and will not permit any of its Subsidiaries or Parent to make any Restricted Payment, except:

             

            (i)          (A) a Borrower, or any other Subsidiary of Parent, may make a Restricted Payment to Parent or to any other Subsidiary of Parent that is a Loan Party and (B) any Subsidiary of
              Parent that is not a Loan Party may make a Restricted Payment to any other Subsidiary that is not a Loan Party (and, if applicable, to the other holders of their outstanding Qualified Equity Interests on a pro rata basis),

             

            (ii)        Parent (in connection with Restricted Payments otherwise permitted to be made under Section 6.7) or any Subsidiaries of Parent may declare and pay dividends or distributions
              ratably with respect to their Equity Interests,

             

            
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            (iii)       Restricted Payments deemed to have occurred in connection with cashless exercise of warrants and options in respect of Equity Interests shall be permitted,

             

            (iv)      so long as no Event of Default shall have occurred and is continuing or would result therefrom, Borrower may make Restricted Payments to any present, former or future director,
              officer, employee, member of management or consultant of Parent of any of its Subsidiaries (or their respective estates, heirs, family members, spouses or former spouses) pursuant to any management equity or stock option plan or any other
              management or employee benefit plan or agreement or arrangement or upon such person’s death, disability, retirement or termination of employment, in an aggregate amount not to exceed $4,000,000 in any fiscal year,

             

            (v)         other Restricted Payments in an aggregate amount not exceeding $25,000,000 during any fiscal year of the Borrowers so long as, after giving effect to such payment, each of the
              Payment Conditions has been satisfied;

             

            (vi)         [Reserved]; and

             

            (vii)       the Borrower may declare and make (and each Subsidiary of the Borrower may declare and make to enable the Borrower to do the same) Restricted Payments to Parent, so that Parent
              may, and Parent shall be permitted to:

             

            (A)           pay any income Taxes which are due and payable by the Loan Parties as part of a consolidated group to the extent such income Taxes are attributable to the income, operations
              and activities of the Subsidiaries of Parent which are Loan Parties; provided, that, the amount of such payments in any fiscal year does not exceed the amount that the Loan Parties would be required to pay in respect of income Taxes
              for such fiscal year were the Loan Parties to pay such taxes separately from any such parent company; and

             

            (B)           pay corporate operating (including directors’ fees and expenses and any costs associated with compliance with the requirements of the Sarbanes-Oxley Act of 2002 (or any similar
              applicable law under any applicable jurisdiction) and the rules and regulations promulgated in connection therewith, costs relating to compliance with the provisions of the Securities Act and the Exchange Act, as applicable to companies with
              equity or debt securities held by the public, and the rules of national securities exchanges, as applicable to companies with listed equity or debt securities, listing fees, costs relating to investor relations, shareholder meetings and
              reports to shareholders or debtholders, directors’ and officers’ insurance, in each case, to the extent arising as a result of becoming, or otherwise associated with or attributable to being, a public company and

              which are consistent with past practice of Parent and its Subsidiaries or otherwise typical for public companies) and overhead expenses (including rent, utilities and salary), in each case, in the ordinary course of business and reasonable
              fees and expenses of attorneys, accountants, appraisers and the like.

             

            (b)       Each Borrower will not, and will not permit any or its Subsidiaries or Parent to, furnish any funds to, make any Investment in, or provide other consideration to any other Person
              for purposes of enabling such Person to, or otherwise permit any such Person to, make any Restricted Payment or other payment or distribution restricted by this Section that could not be made directly by the Borrower in accordance with the
              provisions of this Section.

             

            6.8         Fiscal Year; Accounting Methods. Each Borrower will not, and
              will not permit any of its Subsidiaries or Parent to modify or change its fiscal year for accounting and financial reporting purposes to end on any date other than December 31 or change its method of accounting (other than as may be required
              to conform to GAAP). 

            

            

            6.9         Investments.  Each Borrower will not, and will not permit any of its Subsidiaries or Parent to make or acquire any
              Investment or incur any liabilities (including contingent obligations) for or in connection with any Investment, except for Permitted Investments. 

             

            
              - 47 -

              
                

            

            6.10       Transactions with Affiliates. Each Borrower will not, and will not permit any of its Subsidiaries or Parent to, directly or indirectly, sell, lease,
              license, sublicense or otherwise transfer any property or assets to, or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other transactions with, any of its Affiliates involving consideration in the
              aggregate for all such transactions in excess of $5,000,000, except: 

             

            (a)        transactions on terms not less favorable, considered as a whole, to the Credit Parties or their respective Subsidiaries than could be obtained in a comparable arm’s-length
              transaction from unrelated third parties as determined by Parent in good faith and, other than Term Loan Debt Buybacks and as not prohibited by Section 6.6, approved by a majority of Disinterested Members of the Board of Directors of
              Parent or such Borrower or Subsidiary;

             

            (b)         transactions between or among the Loan Parties not involving any other Affiliate,

             

            (c)         any transaction permitted by Sections 6.1, 6.2, 6.3, 6.4, 6.6(a), 6.7 and 6.9,

             

            (d)         transactions among Parent, the Borrowers and/or one or more Subsidiaries to the extent not prohibited hereunder,

             

            (e)          the non-exclusive licensing or sublicensing of Intellectual Property,

             

            (f)          (i) employment, severance and other similar compensation arrangements (including equity incentive plans and employee benefit plans and arrangements) with their respective
              officers and employees in the ordinary course of business and (ii) payment of customary fees and reasonable out of pocket costs to, and indemnities for the benefit of, directors (or equivalent governing body), officers and employees of
              Parent, the Borrowers and their Subsidiaries in the ordinary course of business to the extent attributable to the ownership or operation of Parent, the Borrowers and their Subsidiaries,

             

            (g)        consummation of the Fifth Amendment Transactions and payment of the Specified Charges with respect thereto and any reasonable out-of-pocket expenses pursuant to any financial
              advisory, financing, underwriting, or placement agreement or in respect of other investment banking activities, including in connection with Acquisitions or Dispositions that are permitted by this Agreement, and

             

            (h)        to the extent not otherwise prohibited by this Agreement or the other Loan Documents, the issuance by Parent or any Subsidiary of Equity Interests to, or the receipt of any capital
              contribution from, Parent or any Subsidiary.

             

            For purposes of this Section 6.10, the term “Disinterested Member” means a member of the Board of Directors of Parent, a Borrower or any Subsidiary, as applicable, who does not have a
              financial interest in the relevant transaction or arrangement (or series of related transactions or arrangements), excluding in all cases, a financial interest in such transaction or arrangement (or series of related transactions or
              arrangements) solely as an equity holder or member of the Board of Directors of Parent, such Borrower and/or such Subsidiary.

             

            6.11        Use of Proceeds. Each Borrower will not, and will not permit any
              of its Subsidiaries or Parent to, use the proceeds of any Revolving Loan or other extension of credit made hereunder (a) for any purpose other than to provide for the ongoing general corporate and working capital needs of Borrowers (provided,
              that (i) for the avoidance of doubt, the proceeds of the Revolving Loans or other extensions of credit made hereunder may be used to finance other Restricted Payments subject to limits set forth in Section 6.7, finance Investments subject to
              the limits set forth in Section 6.9, prepay the Term Loan and/or make a Term Loan Debt Buyback, (ii) no part of the proceeds of the Loans will be used to purchase or carry any such Margin Stock or to extend credit to others for the purpose of
              purchasing or carrying any such Margin Stock or for any purpose that violates the provisions of Regulation T, U or X of the Board of Governors, (iii) except as permitted by applicable Sanctions, no part of the proceeds of any Loan or Letter
              of Credit will be used, directly or to the Borrowers’ knowledge indirectly, to make any payments to a Sanctioned Country or a Sanctioned Person, to fund any investments, loans or contributions in, or otherwise make such proceeds available to,
              a Sanctioned Country or a Sanctioned Person, to fund any operations, activities or business of a Sanctioned Country or a Sanctioned Person, or in any other manner that would result in a violation of Sanctions by any Person, and (iv) that no
              part of the proceeds of any Loan or Letter of Credit will be used, directly or to the Borrowers’ knowledge indirectly, in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else
              of value, to any Person in violation of any Sanctions, Anti-Corruption Laws or Anti-Money Laundering Laws.) or (b) in violation of any restriction contained in the Term Loan Credit Agreement, as amended, restated, amended and restated,
              supplemented or otherwise modified from time to time. 

             

            
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            6.12        [Reserved].

             

            

            6.13      Credit Card Accounts. Each Borrower will not close or cause to be closed any deposit account into which Credit Card Accounts
              are deposited without the prior written consent of the Co-Collateral Agents. 

            

            

            6.14        Employee Benefits. Each Loan Party will not: 

            

            

            (a)         Fail to make, or permit any ERISA Affiliate to fail to make, full payment when due of all amounts which, under the provisions of any Employee Benefit Plan, agreement relating
              thereto or applicable law, any Loan Party or ERISA Affiliate is required to pay if such failure could reasonably be expected to have a Material Adverse Effect.

             

            (b)        Amend, or permit any ERISA Affiliate to amend, a Plan resulting in a material increase in current liability such that a Loan Party or ERISA Affiliate is required to provide
              security to such Plan under the IRC.

             

            6.15          Australian Tax Matters.  No Loan Party will, nor permit any Australian Subsidiary to, become a member of an Australian
              Tax Consolidated Group without entering into an Australian TSA and an Australian TFA. The Australian TSA and Australian TFA may be amended or replaced from time to time, to the extent necessary, to ensure it remains a valid Australian TSA or
              an Australian TFA.

             

            
              
                	
                        7.

                      	
                        FINANCIAL COVENANTS.

                      

              

            

             

            Each of Parent and each Borrower covenants and agrees that, until termination of all of the Commitments and payment in full of the Obligations:

             

            (a)        Fixed Charge Coverage Ratio.  Parent will have a Fixed Charge Coverage Ratio, measured on a quarter-end basis of at least the required
              amount set forth in the following table for the applicable period set forth opposite thereto:

             

            	
                    Applicable Period

                  	
                    Applicable Ratio

                  
	 	 
	
                    Six months ending June 30, 2017

                  	
                    1.00 to 1.00

                  
	 	 
	
                    Nine months ending September 30, 2017

                  	
                    1.00 to 1.00

                  
	 	 
	
                    Twelve months ending December 31, 2017 and on a trailing twelve months basis as of the last day of each fiscal quarter thereafter

                  	
                    1.00 to 1.00

                  

            

            

            (b)       Excess Availability. Borrowers will have, at all times, (i) Total Excess Availability of at least $14,000,000 and (ii) US Excess
              Availability of at least $10,000,000.

             

            
              - 49 -

              
                

            

            
              
                	
                        8.

                      	
                        EVENTS OF DEFAULT.

                      

              

            

             

            Any one or more of the following events shall constitute an event of default (each, an “Event of Default”) under this Agreement:

             

            8.1          Payments. If Borrowers fail to pay when due and payable, or when declared due and payable in
              accordance herewith, (a) all or any portion of the Obligations consisting of interest, fees, or charges due the Secured Parties, reimbursement of Lender Group Expenses, or other amounts (other than any portion thereof constituting principal)
              constituting Obligations (including any portion thereof that accrues after the commencement of an Insolvency Proceeding, regardless of whether allowed or allowable in whole or in part as a claim in any such Insolvency Proceeding), and such
              failure continues for a period of three (3) Business Days or (b) all or any portion of the principal of the Loans or (c) if there is not sufficient Total Availability for Borrowers’ obligation to reimburse Issuing Bank for a payment under a
              Letter of Credit to be made as a Revolving Loan pursuant to Section 2.11(d), any amount payable to Issuing Bank in reimbursement of any drawing under a Letter of Credit; 

            

            

            8.2          Covenants. If any Loan Party or any of its Subsidiaries: 

             

            

            (a)         fails to perform or observe any covenant or other agreement contained in any of (i) Sections 3.6, 5.1, 5.2, 5.3 (solely if any Borrower is not in good
              standing in its jurisdiction of organization), 5.6, 5.7 (solely if any Borrower refuses to allow Administrative Agent or its representatives or agents to visit any Borrower’s properties, inspect its assets or books or
              records, examine and make copies of its books and records, or discuss Borrowers’ affairs, finances, and accounts with officers and employees of any Borrower), 5.10, 5.11, 5.13 or 5.14 of this Agreement, (ii) Section

                6 of this Agreement, (iii) Section 7 of this Agreement, or (iv) Section 7 of the Guaranty and Security Agreement;

             

            (b)        fails to perform or observe any covenant or other agreement contained in any of Sections 5.3 (other than if any Borrower is not in good standing in its jurisdiction of
              organization), 5.4, 5.5, 5.8, and 5.12 of this Agreement and such failure continues for a period of ten (10) Business Days after the earlier of (i) the date on which such failure shall first become known to any
              officer of any Borrower or (ii) the date on which written notice thereof is given to Borrowers by Administrative Agent; or

             

            (c)         fails to perform or observe any covenant or other agreement contained in this Agreement, or in any of the other Loan Documents, in each case, other than any such covenant or
              agreement that is the subject of another provision of this Section 8 (in which event such other provision of this Section 8 shall govern), and such failure continues for a period of thirty (30) days after the earlier of (i)
              the date on which such failure shall first become known to any officer of any Borrower or (ii) the date on which written notice thereof is given to Borrowers by Administrative Agent;

             

            8.3         Judgments. If one or more judgments, orders, or awards for the payment of money involving an
              aggregate amount of $20,000,000, or more (except to the extent fully covered (other than to the extent of customary deductibles) by insurance pursuant to which the insurer has not denied coverage) is entered or filed against a Loan Party or
              any of its Subsidiaries, or with respect to any of their respective assets, and either (a) there is a period of 30 consecutive days at any time after the entry of any such judgment, order, or award during which (1) the same is not discharged,
              satisfied, vacated, or bonded pending appeal, or (2) a stay of enforcement thereof is not in effect, or (b) enforcement proceedings are commenced upon such judgment, order, or award; 

             

            8.4        

              Voluntary Bankruptcy, etc. If an Insolvency Proceeding is commenced by a Loan Party or any of its Subsidiaries; 

             

            8.5       Involuntary Bankruptcy, etc. If an Insolvency Proceeding is commenced against a Loan Party or
              any of its Subsidiaries and any of the following events occur: (a) such Loan Party or such Subsidiary consents to the institution of such Insolvency Proceeding against it, (b) the petition commencing the Insolvency Proceeding is not timely
              controverted, (c) the petition commencing the Insolvency Proceeding is not dismissed within 60 calendar days of the date of the filing thereof, (d) an interim trustee is appointed to take possession of all or any substantial portion of the
              properties or assets of, or to operate all or any substantial portion of the business of, such Loan Party or its Subsidiary, or (e) an order for relief shall have been issued or entered therein; 

             

            
              - 50 -

              
                

            

            8.6        Default Under Other Agreements. If there is (a) a default in one or more agreements to which a Loan Party or any of its Subsidiaries is a party with
              one or more third Persons relative to a Loan Party’s or any of its Subsidiaries’ Material Indebtedness, and such default (i) occurs at the final maturity of the obligations thereunder, or (ii) results in a right by such third Person,
              irrespective of whether exercised, to accelerate the maturity of such Loan Party’s or its Subsidiary’s obligations thereunder (after giving effect to any notice or lapse of time if required thereunder), (b) a default in or an involuntary
              early termination of one or more Hedge Agreements to which a Loan Party or any of its Subsidiaries is a party involving an aggregate amount of $25,000,000 or more or (c) an “Event of Default”, as such term is defined in the Term Loan Credit
              Agreement (as amended from time to time), shall occur; 

             

            8.7        Representations, etc.. If any warranty, representation or certificate made herein or in any
              other Loan Document or delivered in writing to Administrative Agent or any Lender in connection with this Agreement or any other Loan Document proves to be untrue in any material respect (except that such materiality qualifier shall not be
              applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) as of the date of issuance or making or deemed making thereof; 

             

            8.8          Guaranty. If the obligation of any Guarantor under the guaranty contained in the Guaranty and
              Security Agreement or the Australian General Security Deed is limited or terminated by operation of law or by such Guarantor (other than in accordance with the terms of this Agreement); 

             

            8.9       Security Documents. If the Guaranty and Security Agreement, the
              Australian General Security Deed and any other Loan Document that purports to create a Lien, shall, for any reason, fail or cease to create a valid and perfected and, except to the extent of Permitted Liens which by operation of law or
              pursuant to the express terms of the Loan Documents would have priority over the Liens securing the Obligations, permitted purchase money Liens, or the interests of lessors under Capital Leases and subject to the Intercreditor Agreement,
              first priority Lien on the Collateral covered thereby, except (a) as a result of a disposition of the applicable Collateral in a transaction permitted under this Agreement, (b) with respect to Collateral other than ABL Priority Collateral the
              aggregate value of which, for all such Collateral, does not exceed at any time, $5,000,000, (c) with respect to ABL Priority Collateral the aggregate value of which, for all such Collateral, does not exceed at any time, $1,000,000, or (d) as
              the result of an action or failure to act on the part of Administrative Agent; 

             

            8.10       Loan Documents. The validity or enforceability of any Loan Document shall at any time for any reason (other than solely as
              the result of an action or failure to act on the part of Administrative Agent) be declared to be null and void by any Loan Party or its Subsidiaries or by any Governmental Authority having jurisdiction over a Loan Party or its Subsidiaries,
              or a proceeding shall be commenced by a Loan Party or its Subsidiaries, or by any Governmental Authority having jurisdiction over a Loan Party or its Subsidiaries, seeking to establish the invalidity or unenforceability thereof, or a Loan
              Party or its Subsidiaries shall deny that such Loan Party or its Subsidiaries has any liability or obligation purported to be created under any Loan Document; or 

             

            8.11       ERISA. (i) An ERISA Event shall have occurred, (ii) a trustee shall be appointed by a United
              States district court to administer any Plan(s), (iii) the PBGC shall institute proceedings to terminate any Plan, or (iv) any Loan Party or ERISA Affiliate shall have been notified by the sponsor of a Multiemployer Plan that it has incurred
              or will be assessed Withdrawal Liability to such Multiemployer Plan and such entity does not have reasonable grounds for contesting such Withdrawal Liability in a timely and appropriate manner; and in each cases (i) through (iv) above, such
              event or condition, in the opinion of the Required Lenders, when taken together with all other such events or conditions, if any, could reasonably be expected to result in a Material Adverse Effect. 

             

            8.12        Change of Control. A Change of Control shall occur, whether directly or indirectly. 

             

            
              - 51 -

              
                

            

            8.13        Subordination; Intercreditor Agreement. (a) The provisions of the Intercreditor Agreement shall, in whole or in part, terminate, cease to be effective
              or cease to be legally valid, binding and enforceable against any holder of the Term Loans (other than as a result of the Discharge of Term Obligations (as defined in the Intercreditor Agreement)), or (b) the subordination provisions of the
              documents evidencing or governing any Subordinated Indebtedness (together with similar provisions of the Intercreditor Agreement, collectively, the “Subordination Provisions”) shall, in whole or in part, terminate, cease to be
              effective or cease to be legally valid, binding and enforceable against any holder of such Subordinated Indebtedness and such Subordinated Indebtedness does not otherwise constitute Permitted Indebtedness under any category of that definition
              which does not require such Indebtedness to be subordinate to the Obligations; or (c) any Borrower or any other Loan Party shall, directly or indirectly, disavow or contest in any manner (A) the effectiveness, validity or enforceability of
              any of the Subordination Provisions, (B) that the Subordination Provisions exist for the benefit of the Loan Parties, or (C) that all payments of principal of or premium and interest on the Term Loan Credit Agreement or the applicable
              Subordinated Indebtedness, or realized from the liquidation of any property of any Loan Party, shall be subject to any Subordination Provisions applicable thereto. 

             

            
              
                	
                        9.

                      	
                        RIGHTS AND REMEDIES.

                      

              

            

             

            9.1       Rights and Remedies. Upon the occurrence and during the continuation of an Event of Default,
              Administrative Agent (or the Australian Security Trustee, as the case may be) may, and, at the instruction of the Required Lenders, shall (in each case under clauses (a) or (b) by written notice to Borrowers), in addition to any other rights
              or remedies provided for hereunder or under any other Loan Document or by applicable law, do any one or more of the following: 

             

            (a)         (i) declare the principal of, and any and all accrued and unpaid interest and fees in respect of, the Loans and all other Obligations (other than the Bank Product Obligations),
              whether evidenced by this Agreement or by any of the other Loan Documents to be immediately due and payable, whereupon the same shall become and be immediately due and payable and Borrowers shall be obligated to repay all of such Obligations
              in full, without presentment, demand, protest, or further notice or other requirements of any kind, all of which are hereby expressly waived by each Borrower, and (ii) direct Borrowers to provide (and Borrowers agree that upon receipt of such
              notice Borrowers will provide) Letter of Credit Collateralization to Administrative Agent to be held as security for Borrowers’ reimbursement obligations for drawings that may subsequently occur under issued and outstanding Letters of Credit;

             

            (b)         declare the Commitments terminated, whereupon the Commitments shall immediately be terminated together with (i) any obligation of any Revolving Lender to make Revolving Loans,
              (ii) the obligation of the Swing Lender to make Swing Loans, and (iii) the obligation of Issuing Bank to issue Letters of Credit; and

             

            (c)         exercise all other rights and remedies available to Administrative Agent, the Australian Security Trustee or the Lenders under the Loan Documents, under applicable law, or in
              equity.

             

            

            The foregoing to the contrary notwithstanding, upon the occurrence of any Event of Default described in Section 8.4 or Section 8.5, in addition to the remedies set forth above, without any
              notice to Borrowers or any other Person or any act by the Secured Parties, the Commitments shall automatically terminate and the Obligations (other than the Bank Product Obligations), inclusive of the principal of, and any and all accrued and
              unpaid interest and fees in respect of, the Loans and all other Obligations (other than the Bank Product Obligations), whether evidenced by this Agreement or by any of the other Loan Documents, shall automatically become and be immediately
              due and payable and Borrowers shall automatically be obligated to repay all of such Obligations in full (including Borrowers being obligated to provide (and Borrowers agree that they will provide) (1) Letter of Credit Collateralization to
              Administrative Agent to be held as security for Borrowers’ reimbursement obligations in respect of drawings that may subsequently occur under issued and outstanding Letters of Credit and (2) Bank Product Collateralization to be held as
              security for Borrowers’ or their Subsidiaries’ obligations in respect of outstanding Bank Products), without presentment, demand, protest, or notice or other requirements of any kind, all of which are expressly waived by Borrowers and
              Guarantors. 

             

            
              - 52 -

              
                

            

            9.2       Remedies Cumulative. The rights and remedies of the Secured Parties under this Agreement, the other Loan Documents, and all other agreements shall be
              cumulative.  The Secured Parties shall have all other rights and remedies not inconsistent herewith as provided under the Code, by law, or in equity.  No exercise by the Secured Parties of one right or remedy shall be deemed an election, and
              no waiver by the Secured Parties of any Event of Default shall be deemed a continuing waiver.  No delay by the Secured Parties shall constitute a waiver, election, or acquiescence by it. 

             

            
              
                	
                        10.

                      	
                        WAIVERS; INDEMNIFICATION.

                      

              

            

             

            10.1       Demand; Protest; etc. Each Borrower waives demand
              (other than any demand that is specifically required pursuant to Section 8.2(b)), and waives protest, notice of protest, notice of default or dishonor, notice of payment and nonpayment, nonpayment at maturity, release, compromise,
              settlement, extension, or renewal of documents, instruments, chattel paper, and guarantees at any time held by the Secured Parties on which any Borrower may in any way be liable. 

             

            10.2      The Secured Parties’ Liability for Collateral. Each Borrower hereby agrees that:  (a) so long
              as Administrative Agent complies with its obligations, if any, under the Code, the Secured Parties shall not in any way or manner be liable or responsible for: (i) the safekeeping of the Collateral, (ii) any loss or damage thereto occurring
              or arising in any manner or fashion from any cause, (iii) any diminution in the value thereof, or (iv) any act or default of any carrier, warehouseman, bailee, forwarding agency, or other Person, and (b) all risk of loss, damage, or
              destruction of the Collateral shall be borne by Borrowers, except to the extent such loss, damage or destruction is determined by a final non-appealable judgment of a court of competent jurisdiction to have resulted from the Administrative
              Agent’s and Lenders’ gross negligence or willful misconduct. 

             

            10.3     Indemnification. Each Borrower shall pay, indemnify, defend, and hold Agent-Related Persons, the
              Lender-Related Persons, and each Participant (each, an “Indemnified Person”) harmless (to the fullest extent permitted by law) from and against any and all claims, demands, suits, actions, investigations, proceedings, liabilities,
              fines, costs, penalties, and damages, and all reasonable and documented fees and disbursements of attorneys’, experts, or consultants and all other documented costs and expenses actually incurred in connection therewith or in connection with
              the enforcement of this indemnification (as and when they are incurred and irrespective of whether suit is brought), at any time asserted against, imposed upon, or incurred by any of them (a) in connection with or as a result of or related to
              the execution and delivery (provided that Borrowers shall not be liable for costs and expenses (including attorneys’ fees) of any Lender (other than Wells Fargo) incurred in advising, structuring, drafting, reviewing, administering or
              syndicating the Loan Documents), enforcement, performance, or administration (including any restructuring or workout with respect hereto) of this Agreement, any of the other Loan Documents, or the transactions contemplated hereby or thereby
              or the monitoring of Parent’s and its Subsidiaries’ compliance with the terms of the Loan Documents (provided, that the indemnification in this clause (a) shall not extend to (i) disputes solely between or among the Lenders that do not
              involve any acts or omissions of any Loan Party, or (ii) disputes solely between or among the Lenders and their respective Affiliates that do not involve any acts or omissions of any Loan Party; it being understood and agreed that the
              indemnification in this clause (a) shall extend to Administrative Agent (but not the Lenders) relative to disputes between or among Administrative Agent on the one hand, and one or more Lenders, or one or more of their Affiliates, on the
              other hand, or (iii) any Taxes or any costs attributable to Taxes, which shall be governed by Section 16), (b) with respect to any actual or prospective investigation, litigation, or proceeding related to this Agreement, any other
              Loan Document, the making of any Loans or issuance of any Letters of Credit hereunder, or the use of the proceeds of the Loans or the Letters of Credit provided hereunder (irrespective of whether any Indemnified Person is a party thereto), or
              any act, omission, event, or circumstance in any manner related thereto, and (c) in connection with or arising out of any presence or release of Hazardous Materials at, on, under, to or from any assets or properties owned, leased or operated
              by any Borrower or any of its Subsidiaries or any Environmental Actions, Environmental Liabilities or remedial actions related in any way to any such assets or properties of any Borrower or any of its Subsidiaries (each and all of the
              foregoing, the “Indemnified Liabilities”).  The foregoing to the contrary notwithstanding, no Borrower shall have any obligation to any Indemnified Person under this Section 10.3 with respect to any Indemnified Liability that a
              court of competent jurisdiction finally determines to have resulted from the gross negligence or willful misconduct of such Indemnified Person or its officers, directors, employees, attorneys’, or agents.  This provision shall survive the
              termination of this Agreement and the repayment in full of the Obligations.  If any Indemnified Person makes any payment to any other Indemnified Person with respect to an Indemnified Liability as to which Borrowers were required to indemnify
              the Indemnified Person receiving such payment, the Indemnified Person making such payment is entitled to be indemnified and reimbursed by Borrowers with respect thereto.  WITHOUT LIMITATION, THE FOREGOING
                INDEMNITY SHALL APPLY TO EACH INDEMNIFIED PERSON WITH RESPECT TO INDEMNIFIED LIABILITIES WHICH IN WHOLE OR IN PART ARE CAUSED BY OR ARISE OUT OF ANY NEGLIGENT ACT OR OMISSION OF SUCH INDEMNIFIED PERSON OR OF ANY OTHER PERSON;
                provided, however, that such indemnity shall not be available to any Indemnified Person claiming indemnification under this Section 10.3 to the extent that such Indemnified Liabilities are finally determined in a final,
              non-appealable judgment of a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of the Indemnified Person claiming indemnity. 

             

            
              - 53 -

              
                

            

            
              
                	
                        11.

                      	
                        NOTICES.

                      

              

            

             

            Unless otherwise provided in this Agreement, all notices or demands relating to this Agreement or any other Loan Document shall be in writing and (except for financial statements and other informational
              documents which may be sent by first-class mail, postage prepaid) shall be personally delivered or sent by registered or certified mail (postage prepaid, return receipt requested), overnight courier, electronic mail (at such email addresses
              as a party may designate in accordance herewith), or telefacsimile.  In the case of notices or demands to Parent, any Borrower or Administrative Agent, as the case may be, they shall be sent to the respective address set forth below:

             

            	
                    If to any Loan Party:

                  	
                    c/o Thryv, Inc.

                    2200 West Airfield Drive

                    P.O. Box 619810

                    DFW Airport, Texas 75261

                    Attn: KJ Christopher

                    E-mail:  Kj.Christopher@thryv.com

                  
	 	 
	
                    with copies to:

                  	
                    Weil, Gotshal & Manges LLP

                    767 Fifth Avenue

                    New York, NY 10153

                    Attn: Andrew Colao, Esq.

                    Fax No: (212) 310-8007

                    E-mail:  andrew.colao@weil.com

                  
	 	 
	
                    If to Administrative Agent or Lenders:

                  	
                    Wells Fargo Bank, National Association

                    150 East 42nd

                    MAC J0149-030

                    New York, New York 10017

                    Attn:          Relationship Manager for Thryv, Inc. (Dex)

                    Fax No.: (212) 545-4283

                  
	 	 
	
                    with copies to:

                  	
                    PNC Bank, National Association

                    340 Madison Avenue, 11th Floor

                    New York, New York 10173

                    Attn:          Relationship Manager for Thryv, Inc. (Dex)

                    Fax No.: (212) 303-0060

                     

                    Otterbourg, P.C.

                    230 Park Avenue

                    New York, New York 10169-0075

                  
	 	 
	 	
                    Attn: Thomas P. Duignan, Esq.

                    Fax No.: (212) 682-6104

                     

                    Blank Rome LLP

                    The Chrysler Building

                    405 Lexington Avenue

                    New York, New York 10174-0208

                    Attn:          Robert B. Stein, Esq.

                    Fax No.: (917) 332-3750

                  

             

            
              - 54 -

              
                

            

            Any party hereto may change the address at which they are to receive notices hereunder, by notice in writing in the foregoing manner given to the other parties.  All notices or demands sent in accordance with
              this Section 11, shall be deemed received on the earlier of the date of actual receipt or three (3) Business Days after the deposit thereof in the mail; provided, that (a) notices sent by overnight courier service shall be
              deemed to have been given when received, (b) notices 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) and (c) notices by electronic mail shall be deemed received upon the sender's receipt of an acknowledgment from the intended recipient (such as by the “return receipt requested” function,
              as available, return email or other written acknowledgment).

             

            
              
                	
                        12.

                      	
                        CHOICE OF LAW AND VENUE; JURY TRIAL WAIVER; JUDICIAL REFERENCE PROVISION.

                      

              

            

             

            (a)         THE VALIDITY OF THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (UNLESS EXPRESSLY PROVIDED TO THE CONTRARY IN ANOTHER LOAN DOCUMENT IN RESPECT OF
                SUCH OTHER LOAN DOCUMENT), THE CONSTRUCTION, INTERPRETATION, AND ENFORCEMENT HEREOF AND THEREOF, THE RIGHTS OF THE PARTIES HERETO AND THERETO WITH RESPECT TO ALL MATTERS ARISING HEREUNDER OR THEREUNDER OR RELATED HERETO OR THERETO, AND ANY
                CLAIMS, CONTROVERSIES OR DISPUTES ARISING HEREUNDER OR THEREUNDER OR RELATED HERETO OR THERETO SHALL BE DETERMINED UNDER, GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

             

            (b)     THE PARTIES AGREE THAT ALL ACTIONS OR PROCEEDINGS ARISING IN CONNECTION WITH THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS SHALL BE TRIED AND LITIGATED
                ONLY IN THE STATE AND, TO THE EXTENT PERMITTED BY APPLICABLE LAW, FEDERAL COURTS LOCATED IN THE COUNTY OF NEW YORK, STATE OF NEW YORK; PROVIDED, THAT
                ANY SUIT SEEKING ENFORCEMENT AGAINST ANY COLLATERAL OR OTHER PROPERTY MAY BE BROUGHT, AT AGENT’S OPTION, IN THE COURTS OF ANY JURISDICTION WHERE AGENT ELECTS TO BRING SUCH ACTION OR WHERE SUCH COLLATERAL OR OTHER PROPERTY MAY BE FOUND. 
                EACH OF PARENT AND EACH BORROWER AND EACH MEMBER OF THE LENDER GROUP WAIVE, TO THE EXTENT PERMITTED UNDER APPLICABLE LAW, ANY RIGHT EACH MAY HAVE TO ASSERT THE DOCTRINE OF FORUM NON CONVENIENS OR TO OBJECT TO VENUE
                TO THE EXTENT ANY PROCEEDING IS BROUGHT IN ACCORDANCE WITH THIS SECTION 12(b).

             

            
              - 55 -

              
                

            

            (c)       TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, EACH OF PARENT AND EACH BORROWER AND EACH MEMBER OF THE LENDER GROUP HEREBY WAIVE THEIR
                RESPECTIVE RIGHTS, IF ANY, TO A JURY TRIAL OF ANY CLAIM, CONTROVERSY, DISPUTE OR CAUSE OF ACTION DIRECTLY OR INDIRECTLY BASED UPON OR ARISING OUT OF ANY OF THE LOAN DOCUMENTS OR ANY OF THE TRANSACTIONS CONTEMPLATED THEREIN, INCLUDING
                CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS (EACH A "CLAIM").  EACH OF PARENT AND EACH BORROWER AND EACH MEMBER OF THE LENDER GROUP REPRESENT THAT EACH HAS REVIEWED THIS WAIVER AND EACH
                KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL.  IN THE EVENT OF LITIGATION, A COPY OF THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT.

             

            
              
                	
                        13.

                      	
                        ASSIGNMENTS AND PARTICIPATIONS; SUCCESSORS.

                      

              

            

             

            13.1        Assignments and Participations.

             

            (a)         (i)  Subject to the conditions set forth in clause (a)(ii) below, any Lender may assign and delegate all or any portion of its rights and duties under the Loan Documents
              (including the Obligations owed to it and its Commitments, which assignment of Commitments shall be a pro rata portion of such Lender’s interests in the US Revolving Loans and in the Australian Revolving Loans) to one or more assignees so
              long as such prospective assignee is an Eligible Transferee (each, an “Assignee”), with the prior written consent (such consent not be unreasonably withheld or delayed) of:

             

            (A)        Borrowers; provided, that no consent of Borrowers shall be required (1) if an Event of Default has occurred and is continuing, or (2) in connection with an assignment to a
              Person that is a Lender or an Affiliate (other than natural persons) of a Lender; and

             

            (B)          Administrative Agent, Swing Lender, and Issuing Bank.

             

            (ii)          Assignments shall be subject to the following additional conditions:

             

            (A)        no assignment may be made (i) so long as no Event of Default has occurred and is continuing, to a Competitor, or (ii) to a natural person,

             

            (B)         no assignment may be made to a Loan Party or an Affiliate of a Loan Party,

             

            (C)         the amount of the Commitments and the other rights and obligations of the assigning Lender hereunder and under the other Loan Documents subject to each such assignment
              (determined as of the date the Assignment and Acceptance with respect to such assignment is delivered to Administrative Agent) shall be in a minimum amount (unless waived by Administrative Agent) of $5,000,000 (except such minimum amount
              shall not apply to (I) an assignment or delegation by any Lender to any other Lender, an Affiliate of any Lender, or a Related Fund of such Lender or (II) a group of new Lenders, each of which is an Affiliate of each other or a Related Fund
              of such new Lender to the extent that the aggregate amount to be assigned to all such new Lenders is at least $5,000,000),

             

            (D)       each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations under this Agreement,

             

            (E)         the parties to each assignment shall execute and deliver to Administrative Agent an Assignment and Acceptance; provided, that Borrowers and Administrative Agent may
              continue to deal solely and directly with the assigning Lender in connection with the interest so assigned to an Assignee until written notice of such assignment, together with payment instructions, addresses, and related information with
              respect to the Assignee, have been given to Borrowers and Administrative Agent by such Lender and the Assignee,

             

            
              - 56 -

              
                

            

            (F)      unless waived by Administrative Agent, the assigning Lender or Assignee has paid to Administrative Agent, for Administrative Agent’s separate account, a processing fee in the amount
              of $3,500, and

             

            (G)        the assignee, if it is not a Lender, shall deliver to Administrative Agent an Administrative Questionnaire in a form approved by Administrative Agent (the “Administrative
                Questionnaire”).

             

            (b)        From and after the date that Administrative Agent receives the executed Assignment and Acceptance and, if applicable, payment of the required processing fee, (i) the Assignee
              thereunder shall be a party hereto and, to the extent that rights and obligations hereunder have been assigned to it pursuant to such Assignment and Acceptance, shall be a “Lender” and shall have the rights and obligations of a Lender under
              the Loan Documents (and for the avoidance of doubt, shall have no greater rights under Section 16 than the assigning Lender), and (ii) the assigning Lender shall, to the extent that rights and obligations hereunder and under the other
              Loan Documents have been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights (except with respect to Section 10.3) and be released from any future obligations under this Agreement (and in the case of an
              Assignment and Acceptance covering all or the remaining portion of an assigning Lender’s rights and obligations under this Agreement and the other Loan Documents, such Lender shall cease to be a party hereto and thereto); provided,
              that nothing contained herein shall release any assigning Lender from obligations that survive the termination of this Agreement, including such assigning Lender’s obligations under Section 15 and Section 17.9(a).

             

            (c)         By executing and delivering an Assignment and Acceptance, the assigning Lender thereunder and the Assignee thereunder confirm to and agree with each other and the other parties
              hereto as follows:  (i) other than as provided in such Assignment and Acceptance, such assigning Lender makes no representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or
              in connection with this Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement or any other Loan Document furnished pursuant hereto, (ii) such assigning Lender makes no
              representation or warranty and assumes no responsibility with respect to the financial condition of any Borrower or the performance or observance by any Borrower of any of its obligations under this Agreement or any other Loan Document
              furnished pursuant hereto, (iii) such Assignee confirms that it has received a copy of this Agreement, together with such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into
              such Assignment and Acceptance, (iv) such Assignee will, independently and without reliance upon Administrative Agent, such assigning Lender or any other Lender, and based on such documents and information as it shall deem appropriate at the
              time, continue to make its own credit decisions in taking or not taking action under this Agreement, (v) such Assignee appoints and authorizes Administrative Agent to take such actions and to exercise such powers under this Agreement and the
              other Loan Documents as are delegated to Administrative Agent, by the terms hereof and thereof, together with such powers as are reasonably incidental thereto, and (vi) such Assignee agrees that it will perform all of the obligations which by
              the terms of this Agreement are required to be performed by it as a Lender.

             

            (d)         Immediately upon Administrative Agent’s receipt of the required processing fee, if applicable, and delivery of notice to the assigning Lender pursuant to Section 13.1(b),
              this Agreement shall be deemed to be amended to the extent, but only to the extent, necessary to reflect the addition of the Assignee and the resulting adjustment of the Commitments arising therefrom.  The Commitment allocated to each
              Assignee shall reduce such Commitments of the assigning Lender pro tanto.

             

            (e)         The Administrative Agent, acting solely for this purpose as an agent of the Borrowers, shall maintain at one of its offices, a copy of each Assignment and Acceptance delivered to
              it and a register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts (and stated interest) of the Loans owing to, each Lender pursuant to the terms hereof from time to time, including
              the Swing Loans owing to Swing Lender and Extraordinary Advances owing to Administrative Agent and each Co-Collateral Agent, if any (the “Register”).  The entries in the Register shall be conclusive absent manifest error, and the
              Borrower, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement.  The Register shall be available for
              inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice.

             

            
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            (f)       Any Lender may at any time sell to one or more commercial banks, financial institutions, or other Persons (a “Participant”) participating interests in all or any portion of
              its Obligations, its Commitment, and the other rights and interests of that Lender (the “Originating Lender”) hereunder and under the other Loan Documents; provided, that (i) the Originating Lender shall remain a “Lender” for
              all purposes of this Agreement and the other Loan Documents and the Participant receiving the participating interest in the Obligations, the Commitments, and the other rights and interests of the Originating Lender hereunder shall not
              constitute a “Lender” hereunder or under the other Loan Documents and the Originating Lender’s obligations under this Agreement shall remain unchanged, (ii) the Originating Lender shall remain solely responsible for the performance of such
              obligations, (iii) Borrowers, Administrative Agent, and the Lenders shall continue to deal solely and directly with the Originating Lender in connection with the Originating Lender’s rights and obligations under this Agreement and the other
              Loan Documents, (iv) no Lender shall transfer or grant any participating interest under which the Participant has the right to approve any amendment to, or any consent or waiver with respect to, this Agreement or any other Loan Document,
              except to the extent such amendment to, or consent or waiver with respect to this Agreement or of any other Loan Document would (A) extend the final maturity date of the Obligations hereunder in which such Participant is participating, (B)
              reduce the interest rate applicable to the Obligations hereunder in which such Participant is participating, (C) release all or substantially all of the Collateral or guaranties (except to the extent expressly provided herein or in any of the
              Loan Documents) supporting the Obligations hereunder in which such Participant is participating, (D) postpone the payment of, or reduce the amount of, the interest or fees payable to such Participant through such Lender (other than a waiver
              of default interest), or (E) decreases the amount or postpones the due dates of scheduled principal repayments or prepayments or premiums payable to such Participant through such Lender, (v) no participation shall be sold to a natural person,
              (vi) no participation shall be sold to (x) a Loan Party or an Affiliate of a Loan Party or (y) the Term Loan Agent, any Term Loan Lender, or an Affiliate of Term Loan Agent or any Term Loan Lender unless any such Person described in this
              clause (vi)(y) is an Eligible Transferee, and (vii) all amounts payable by Borrowers hereunder shall be determined as if such Lender had not sold such participation, except that, if amounts outstanding under this Agreement are due and unpaid,
              or shall have been declared or shall have become due and payable upon the occurrence of an Event of Default, each Participant shall be deemed to have the right of set off in respect of its participating interest in amounts owing under this
              Agreement to the same extent as if the amount of its participating interest were owing directly to it as a Lender under this Agreement.  The rights of any Participant only shall be derivative through the Originating Lender with whom such
              Participant participates and no Participant shall have any rights under this Agreement or the other Loan Documents or any direct rights as to the other Lenders, Administrative Agent, Borrowers, the Collateral, or otherwise in respect of the
              Obligations.  No Participant shall have the right to participate directly in the making of decisions by the Lenders among themselves.    Each Lender that sells a participation shall, acting solely for this purpose as an agent of the
              Borrowers, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant

                Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant's interest in any
              commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in
              registered form under 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.

             

            
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            (g)         In connection with any such assignment or participation or proposed assignment or participation or any grant of a security interest in, or pledge of, its rights under and interest
              in this Agreement, a Lender may, subject to the provisions of Section 17.9,  disclose all documents and information which it now or hereafter may have relating to Parent, any Borrower and its Subsidiaries and their respective
              businesses.

             

            (h)          Any other provision in this Agreement notwithstanding, any Lender may at any time create a security interest in, or pledge, all or any portion of its rights under and interest in
              this Agreement in favor of any Federal Reserve Bank in accordance with Regulation A of the Federal Reserve Bank or U.S. Treasury Regulation 31 CFR §203.24, and such Federal Reserve Bank may enforce such pledge or security interest in any
              manner permitted under applicable law.

             

            13.2      Successors. This Agreement shall bind and inure to the benefit of the respective successors and
              permitted assigns of each of the parties; provided, that no Borrower may assign this Agreement or any rights or duties hereunder without the Lenders’ prior written consent and any prohibited assignment shall be absolutely void ab initio.  No consent to assignment by the Lenders shall release any Borrower from its Obligations.  A Lender may assign this Agreement and the other Loan Documents and its rights and duties hereunder and
              thereunder pursuant to Section 13.1 and, except as expressly required pursuant to Section 13.1, no consent or approval by any Borrower is required in connection with any such assignment. 

             

            
              
                	
                        14.

                      	
                        AMENDMENTS; WAIVERS.

                      

              

            

             

            14.1        Amendments and Waivers.

             

            (a)        No amendment, waiver or other modification of any provision of this Agreement or any other Loan Document (other than Bank Product Agreements or the Fee Letter), and no consent with
              respect to any departure by Parent or any Borrower therefrom, shall be effective unless the same shall be in writing and signed by the Required Lenders (or by Administrative Agent at the written request of the Required Lenders) and the Loan
              Parties that are party thereto and then any such waiver or consent shall be effective, but only in the specific instance and for the specific purpose for which given; provided, that no such waiver, amendment, or consent shall, unless
              in writing and signed by all of the Lenders directly affected thereby and all of the Loan Parties that are party thereto, do any of the following:

             

            (i)          increase the amount of or extend the expiration date of any Commitment of any Lender or amend, modify, or eliminate the last sentence of Section 2.4(c)(i),

             

            (ii)          postpone or delay any date fixed by this Agreement or any other Loan Document for any payment of principal, interest, fees, or other amounts due hereunder or under any other
              Loan Document,

             

            (iii)        reduce the principal of, or the rate of interest on, any loan or other extension of credit hereunder, or reduce any fees or other amounts payable hereunder or under any other
              Loan Document (except (y) in connection with the waiver of applicability of Section 2.6(c) (which waiver shall be effective with the written consent of the Required Lenders), and (z) that any amendment or modification of defined terms
              used in the financial covenants in this Agreement shall not constitute a reduction in the rate of interest or a reduction of fees for purposes of this clause (iii)),

             

            (iv)       amend, modify, or eliminate this Section or any provision of this Agreement providing for consent or other action by all Lenders,

             

            (v)          amend, modify, or eliminate Section 3.1 or 3.2,

             

            (vi)         amend, modify, or eliminate Section 15.11,

             

            (vii)        other than as permitted by Section 15.11, release Agent’s Lien in and to any of the Collateral,

             

            
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            (viii)     amend, modify, or eliminate the definitions of “Cash Dominion Trigger Period”, “Reporting Trigger Period”, “Required Lenders”, “Supermajority Lenders”, or “Pro Rata Share”,

             

            (ix)       contractually subordinate all or substantially all of Agent’s Liens (other than a subordination of the Agent’s Lien on Term Priority Collateral (as defined in the Intercreditor
              Agreement) in connection with a Term DIP Financing (as defined in the Intercreditor Agreement) as expressly provided in Section 6.1(b) of  the Intercreditor Agreement),

             

            (x)         other than in connection with a merger, liquidation, dissolution or sale of such Person expressly permitted by the terms hereof or the other Loan Documents, release any Borrower
              or any Guarantor from any obligation for the payment of money or consent to the assignment or transfer by any Borrower or any Guarantor of any of its rights or duties under this Agreement or the other Loan Documents, or

             

            (xi)         amend, modify, or eliminate any of the provisions of Section 2.4(b)(i), (ii) or (iii) or Section 2.4(e) or (f).

             

            (b)         No amendment, waiver, modification, or consent shall amend, modify, waive, or eliminate,

             

            (i)          the definition of, or any of the terms or provisions of, the Fee Letter, without the written consent of Administrative Agent and Borrowers (and shall not require the written
              consent of any of the Lenders),

             

            (ii)         any provision of Section 15 pertaining to Administrative Agent, or any other rights or duties of Administrative Agent under this Agreement or the other Loan Documents,
              without the written consent of Administrative Agent, Borrowers, and the Required Lenders;

             

            (c)       No amendment, waiver, modification, elimination, or consent shall amend, without written consent of Administrative Agent, Borrowers and the Supermajority Lenders, modify, or
              eliminate the definition of Total Borrowing Base, US Borrowing Base, Australian Borrowing Base or any of the defined terms (including the definitions of Eligible Accounts) that are used in such definition to the extent that any such change
              results in more credit being made available to Borrowers based upon the Total Borrowing Base, US Borrowing Base and Australian Borrowing Base, but not otherwise, or the definitions of Trailing 90 Day Collections, Maximum Revolver Amount,
              Maximum US Loan Amount or Maximum Australian Loan Amount, or change Section 2.1(c);

             

            (d)        No amendment, waiver, modification, elimination, or consent shall amend, modify, or waive any provision of this Agreement or the other Loan Documents pertaining to Issuing Bank, or
              any other rights or duties of Issuing Bank under this Agreement or the other Loan Documents, without the written consent of Issuing Bank, Administrative Agent, Borrowers, and the Required Lenders;

             

            (e)        No amendment, waiver, modification, elimination, or consent shall amend, modify, or waive any provision of this Agreement or the other Loan Documents pertaining to Swing Lender, or
              any other rights or duties of Swing Lender under this Agreement or the other Loan Documents, without the written consent of Swing Lender, Administrative Agent, Borrowers, and the Required Lenders; and

             

            (f)      Anything in this Section 14.1 to the contrary notwithstanding, (i) any amendment, modification, elimination, waiver, consent, termination, or release of, or with respect to,
              any provision of this Agreement or any other Loan Document that relates only to the relationship of the Secured Parties among themselves, and that does not affect the rights or obligations of Parent or any Borrower, shall not require consent
              by or the agreement of any Loan Party, (ii) any amendment, waiver, modification, elimination, or consent of or with respect to any provision of this Agreement or any other Loan Document may be entered into without the consent of, or over the
              objection of, any Defaulting Lender other than any of the matters governed by Section 14.1(a)(i) through (iii) that affect such Lender, and (iii) any amendment contemplated by Section 2.12(d) of this Agreement in
              connection with a Benchmark Transition Event, Term SOFR Transition Event or an Early Opt-in Election shall be effective as contemplated by such Section 2.12(d) hereof.

             

            
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            14.2          Replacement of Certain Lenders.

             

            (a)        If (i) any action to be taken by the Secured Parties or Administrative Agent hereunder requires the consent, authorization, or agreement of all Lenders or of all Lenders affected
              thereby and if such action has received the consent, authorization, or agreement of the Required Lenders (without giving effect to clause (ii) in the proviso set forth in the definition thereof) but not of all Lenders or all Lenders affected
              thereby, (ii) any Lender makes a claim for compensation under Section 16 or (iii) any Lender is a Defaulting Lender, then Borrowers or Administrative Agent, upon at least five (5) Business Days prior notice, may permanently replace
              any Lender that failed to give its consent, authorization, or agreement (a “Non-Consenting Lender”), any Lender that made a claim for compensation (a “Tax Lender”) or any Defaulting Lender with one or more Replacement Lenders,
              and the Non-Consenting Lender, Tax Lender or Defaulting Lender, as applicable, shall have no right to refuse to be replaced hereunder.  Such notice to replace the Non-Consenting Lender, Tax Lender or Defaulting Lender, as applicable, shall
              specify an effective date for such replacement, which date shall not be later than fifteen (15) Business Days after the date such notice is given.

             

            (b)         Prior to the effective date of such replacement, the Non-Consenting Lender, Defaulting Lender or Tax Lender, as applicable, and each Replacement Lender shall execute and deliver
              an Assignment and Acceptance, subject only to the Non-Consenting Lender or Tax Lender, as applicable, being repaid in full its share of the outstanding Obligations (without any premium or penalty of any kind whatsoever, but including (i) all interest, fees and other amounts that may be due in payable in respect thereof, and (ii) an assumption of its Pro Rata Share of participations in the Letters of Credit).  If the Non-Consenting
              Lender, Defaulting Lender or Tax Lender, as applicable, shall refuse or fail to execute and deliver any such Assignment and Acceptance prior to the effective date of such replacement, Administrative Agent may, but shall not be required to,
              execute and deliver such Assignment and Acceptance in the name or and on behalf of the Non-Consenting Lender, Defaulting Lender or Tax Lender, as applicable, and irrespective of whether Administrative Agent executes and delivers such
              Assignment and Acceptance, the Non-Consenting Lender, Defaulting Lender or Tax Lender, as applicable, shall be deemed to have executed and delivered such Assignment and Acceptance.  The replacement of any Non-Consenting Lender or Tax Lender,
              as applicable, shall be made in accordance with the terms of Section 13.1.  Until such time as one or more Replacement Lenders shall have acquired all of the Obligations, the Commitments, and the other rights and obligations of the
              Non-Consenting Lender, Defaulting Lender or Tax Lender, as applicable, hereunder and under the other Loan Documents, the Non-Consenting Lender, Defaulting Lender or Tax Lender, as applicable, shall remain obligated to make the Non-Consenting
              Lender’s or Tax Lender’s, as applicable, Pro Rata Share of Revolving Loans and to purchase a participation in each Letter of Credit, in an amount equal to its Pro Rata Share of participations in such Letters of Credit.

             

            14.3       No Waivers; Cumulative Remedies. No failure by Administrative Agent or any Lender to exercise
              any right, remedy, or option under this Agreement or any other Loan Document, or delay by Administrative Agent or any Lender in exercising the same, will operate as a waiver thereof.  No waiver by Administrative Agent or any Lender will be
              effective unless it is in writing, and then only to the extent specifically stated.  No waiver by Administrative Agent or any Lender on any occasion shall affect or diminish Administrative Agent’s and each Lender’s rights thereafter to
              require strict performance by Parent and Borrowers of any provision of this Agreement.  Administrative Agent’s and each Lender’s rights under this Agreement and the other Loan Documents will be cumulative and not exclusive of any other right
              or remedy that Administrative Agent or any Lender may have. 

             

            
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                        15.

                      	
                        AGENT; THE LENDER GROUP.

                      

              

            

             

            15.1       Appointment and Authorization of Administrative Agent. Each Lender hereby designates and
              appoints Wells Fargo as its agent under this Agreement and the other Loan Documents and each Lender hereby irrevocably authorizes (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to designate,
              appoint, and authorize) Administrative Agent to execute and deliver each of the other Loan Documents on its behalf and to take such other action on its behalf under the provisions of this Agreement and each other Loan Document and to exercise
              such powers and perform such duties as are expressly delegated to Administrative Agent by the terms of this Agreement or any other Loan Document, together with such powers as are reasonably incidental thereto.  Administrative Agent agrees to
              act as agent for and on behalf of the Lenders (and the Bank Product Providers) on the conditions contained in this Section 15.  Any provision to the contrary contained elsewhere in this Agreement or in any other Loan Document
              notwithstanding, Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein or in the other Loan Documents, nor shall Administrative Agent have or be deemed to have any fiduciary relationship
              with any Lender (or Bank Product Provider), and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise exist against Administrative
              Agent.  Without limiting the generality of the foregoing, the use of the term “agent” in this Agreement or the other Loan Documents with reference to Administrative Agent is not intended to connote any fiduciary or other implied (or express)
              obligations arising under agency doctrine of any applicable law.  Instead, such term is used merely as a matter of market custom, and is intended to create or reflect only a representative relationship between independent contracting
              parties.  Each Lender hereby further authorizes (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to authorize) Administrative Agent to act as the secured party under each of the Loan Documents that
              create a Lien on any item of Collateral.  Except as expressly otherwise provided in this Agreement, Administrative Agent shall have and may use its sole discretion with respect to exercising or refraining from exercising any discretionary
              rights or taking or refraining from taking any actions that Administrative Agent expressly is entitled to take or assert under or pursuant to this Agreement and the other Loan Documents.  Without limiting the generality of the foregoing, or
              of any other provision of the Loan Documents that provides rights or powers to Administrative Agent, Lenders agree that Administrative Agent shall have the right to exercise the following powers as long as this Agreement remains in effect: 
              (a) maintain, in accordance with its customary business practices, ledgers and records reflecting the status of the Obligations, the Collateral, payments and proceeds of Collateral, and related matters, (b) execute or file any and all
              financing or similar statements or notices, amendments, renewals, supplements, documents, instruments, proofs of claim, notices and other written agreements with respect to the Loan Documents, (c) make Revolving Loans, for itself or on behalf
              of Lenders, as provided in the Loan Documents, (d) exclusively receive, apply, and distribute payments and proceeds of the Collateral as provided in the Loan Documents, (e) open and maintain such bank accounts and cash management arrangements
              as Administrative Agent deems necessary and appropriate in accordance with the Loan Documents for the foregoing purposes, (f) perform, exercise, and enforce any and all other rights and remedies of the Secured Parties with respect to any Loan
              Party or their Subsidiaries, the Obligations, the Collateral, or otherwise related to any of same as provided in the Loan Documents, and (g) incur and pay such Lender Group Expenses as Administrative Agent may deem necessary or appropriate
              for the performance and fulfillment of its functions and powers pursuant to the Loan Documents. 

             

            15.2       Delegation of Duties. Administrative Agent may execute any of its duties under this Agreement
              or any other Loan Document by or through agents, employees or attorneys in fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties.  Administrative Agent shall not be responsible for the negligence or
              misconduct of any agent or attorney in fact that it selects as long as such selection was made without gross negligence or willful misconduct. 

             

            15.3       Liability of Administrative Agent. None of the Agent-Related Persons shall (a) be liable for
              any action taken or omitted to be taken by any of them under or in connection with this Agreement or any other Loan Document or the transactions contemplated hereby (except for its own gross negligence or willful misconduct), or (b) be
              responsible in any manner to any of the Lenders (or Bank Product Providers) for any recital, statement, representation or warranty made by Parent, any Borrower or any of its Subsidiaries or Affiliates, or any officer or director thereof,
              contained in this Agreement or in any other Loan Document, or in any certificate, report, statement or other document referred to or provided for in, or received by Administrative Agent under or in connection with, this Agreement or any other
              Loan Document, or the validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Loan Document, or for any failure of Parent, any Borrower or its Subsidiaries or any other party to any Loan Document to
              perform its obligations hereunder or thereunder.  No Agent-Related Person shall be under any obligation to any Lenders (or Bank Product Providers) to ascertain or to inquire as to the observance or performance of any of the agreements
              contained in, or conditions of, this Agreement or any other Loan Document, or to inspect the books and records or properties of Parent, any Borrower or its Subsidiaries. 

             

            
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            15.4       Reliance by Administrative Agent. Administrative Agent shall be entitled to rely, and shall be fully protected in relying, upon any writing,
              resolution, notice, consent, certificate, affidavit, letter, telegram, telefacsimile or other electronic method of transmission, telex or telephone message, statement or other document or conversation believed by it 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 (including counsel to Borrowers or counsel to any Lender), independent accountants and other experts selected by
              Administrative Agent.  Administrative Agent shall be fully justified in failing or refusing to take any action under this Agreement or any other Loan Document unless Administrative Agent shall first receive such advice or concurrence of the
              Lenders as it deems appropriate and until such instructions are received, Administrative Agent shall act, or refrain from acting, as it deems advisable.  If Administrative Agent so requests, it shall first be indemnified to its reasonable
              satisfaction by the Lenders (and, if it so elects, the Bank Product Providers) against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such action.  Administrative Agent shall in all
              cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Loan Document in accordance with a request or consent of the Required Lenders and such request and any action taken or failure to act pursuant
              thereto shall be binding upon all of the Lenders (and Bank Product Providers). 

             

            15.5      Notice of Default or Event of Default. Administrative Agent shall not be deemed to have
              knowledge or notice of the occurrence of any Default or Event of Default, except with respect to defaults in the payment of principal, interest, fees, and expenses required to be paid to Administrative Agent for the account of the Lenders
              and, except with respect to Events of Default of which Administrative Agent has actual knowledge, unless Administrative Agent shall have received written notice from a Lender or Borrowers referring to this Agreement, describing such Default
              or Event of Default, and stating that such notice is a “notice of default.”  Administrative Agent promptly will notify the Lenders of its receipt of any such notice or of any Event of Default of which Administrative Agent has actual
              knowledge.  If any Lender obtains actual knowledge of any Event of Default, such Lender promptly shall notify the other Lenders and Administrative Agent of such Event of Default.  Each Lender shall be solely responsible for giving any notices
              to its Participants, if any.  Subject to Section 15.4, Administrative Agent shall take such action with respect to such Default or Event of Default as may be requested by the Required Lenders in accordance with Section 9; provided,
              that unless and until Administrative Agent has received any such request, Administrative Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as it
              shall deem advisable. 

             

            15.6      Credit Decision. Each Lender (and Bank Product Provider) acknowledges that none of the
              Agent-Related Persons has made any representation or warranty to it, and that no act by Administrative Agent hereinafter taken, including any review of the affairs of Parent, any Borrower and its Subsidiaries or Affiliates, shall be deemed to
              constitute any representation or warranty by any Agent-Related Person to any Lender (or Bank Product Provider).  Each Lender represents (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to represent)
              to Administrative Agent that it has, independently and without reliance upon any Agent-Related Person and based on such due diligence, documents and information as it has deemed appropriate, made its own appraisal of and investigation into
              the business, prospects, operations, property, financial and other condition and creditworthiness of each Borrower or any other Person party to a Loan Document, and all applicable bank regulatory laws relating to the transactions contemplated
              hereby, and made its own decision to enter into this Agreement and to extend credit to Borrowers.  Each Lender also represents (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to represent) that it
              will, independently and without reliance upon any Agent-Related Person 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 this Agreement and the other Loan Documents, and to make such investigations as it deems necessary to inform itself as to the business, prospects, operations, property, financial and other condition and creditworthiness of
              each Borrower or any other Person party to a Loan Document.  Except for notices, reports, and other documents expressly herein required to be furnished to the Lenders by Administrative Agent, Administrative Agent shall not have any duty or
              responsibility to provide any Lender (or Bank Product Provider) with any credit or other information concerning the business, prospects, operations, property, financial and other condition or creditworthiness of any Borrower or any other
              Person party to a Loan Document that may come into the possession of any of the Agent-Related Persons.  Each Lender acknowledges (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to acknowledge) that
              Administrative Agent does not have any duty or responsibility, either initially or on a continuing basis (except to the extent, if any, that is expressly specified herein) to provide such Lender (or Bank Product Provider) with any credit or
              other information with respect to any Borrower, its Affiliates or any of their respective business, legal, financial or other affairs, and irrespective of whether such information came into Administrative Agent's or its Affiliates’ or
              representatives’ possession before or after the date on which such Lender became a party to this Agreement (or such Bank Product Provider entered into a Bank Product Agreement). 

             

            
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            15.7       Costs and Expenses; Indemnification. Administrative Agent may incur and pay Lender Group Expenses to the extent Administrative Agent
              reasonably deems necessary or appropriate for the performance and fulfillment of its functions, powers, and obligations pursuant to the Loan Documents, including court costs, attorneys’ fees and expenses, fees and expenses of financial
              accountants, advisors, consultants, and appraisers, costs of collection by outside collection agencies, auctioneer fees and expenses, and costs of security guards or insurance premiums paid to maintain the Collateral, whether or not Borrowers
              are obligated to reimburse Administrative Agent or Lenders for such expenses pursuant to this Agreement or otherwise.  Administrative Agent is authorized and directed to deduct and retain sufficient amounts from payments or proceeds of the
              Collateral received by Administrative Agent to reimburse Administrative Agent for such out-of-pocket costs and expenses prior to the distribution of any amounts to Lenders (or Bank Product Providers).  In the event Administrative Agent is not
              reimbursed for such costs and expenses by Parent, Borrowers or their Subsidiaries, each Lender hereby agrees that it is and shall be obligated to pay to Administrative Agent such Lender’s ratable thereof.  Whether or not the transactions
              contemplated hereby are consummated, each of the Lenders, on a ratable basis, shall indemnify and defend the Agent-Related Persons (to the extent not reimbursed by or on behalf of Borrowers and without limiting the obligation of Borrowers to
              do so) from and against any and all Indemnified Liabilities; provided, that no Lender shall be liable for the payment to any Agent-Related Person of any portion of such Indemnified Liabilities resulting from such Person’s gross
              negligence or willful misconduct nor shall any Lender be liable for the obligations of any Defaulting Lender in failing to make a Revolving Loan or other extension of credit hereunder.  Without limitation of the foregoing, each Lender shall
              reimburse Administrative Agent upon demand for such Lender’s ratable share of any costs or out of pocket expenses (including attorneys’, accountants, advisors, and consultants fees and expenses) incurred by Administrative Agent in connection
              with the preparation, execution, delivery, administration, modification, amendment, or enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this
              Agreement or any other Loan Document to the extent that Administrative Agent is not reimbursed for such expenses by or on behalf of Borrowers.  The undertaking in this Section shall survive the payment of all Obligations hereunder and the
              resignation or replacement of Administrative Agent. 

             

            15.8       Administrative Agent in Individual Capacity. Wells Fargo and its Affiliates may make loans to,
              issue letters of credit for the account of, accept deposits from, provide Bank Products to, acquire Equity Interests in, and generally engage in any kind of banking, trust, financial advisory, underwriting, or other business with Parent, any
              Borrower and its Subsidiaries and Affiliates and any other Person party to any Loan Document as though Wells Fargo were not Administrative Agent hereunder, and, in each case, without notice to or consent of the other Secured Parties.  The
              Secured Parties acknowledge (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to acknowledge) that, pursuant to such activities, Wells Fargo or its Affiliates may receive information regarding a Loan
              Party or its Affiliates or any other Person party to any Loan Documents that is subject to confidentiality obligations in favor of such Loan Party or such other Person and that prohibit the disclosure of such information to the other Secured
              Parties (or Bank Product Providers), and the Secured Parties acknowledge (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to acknowledge) that, in such circumstances (and in the absence of a waiver of
              such confidentiality obligations, which waiver Administrative Agent will use its reasonable best efforts to obtain), Administrative Agent shall not be under any obligation to provide such information to them.  The terms “Lender” and “Lenders”
              include Wells Fargo in its individual capacity. 

             

            
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            15.9       Successor Administrative Agent. Administrative Agent may resign as Administrative Agent upon thirty (30) days (ten (10) days if an Event of Default has
              occurred and is continuing) prior written notice to the Lenders (unless such notice is waived by the Required Lenders) and Borrowers (unless such notice is waived by Borrowers) and without any notice to the Bank Product Providers.  If
              Administrative Agent resigns under this Agreement, the Required Lenders shall be entitled, with (so long as no Event of Default has occurred and is continuing) the consent of Borrowers (such consent not to be unreasonably withheld, delayed,
              or conditioned), appoint a successor Administrative Agent for the Lenders (and the Bank Product Providers).  If, at the time that Administrative Agent’s resignation is effective, it is acting as Issuing Bank or the Swing Lender, such
              resignation shall also operate to effectuate its resignation as Issuing Bank or the Swing Lender, as applicable, and it shall automatically be relieved of any further obligation to issue Letters of Credit, or to make Swing Loans.  If no
              successor Administrative Agent is appointed prior to the effective date of the resignation of Administrative Agent, Administrative Agent may appoint, after consulting with the Lenders and Borrowers, a successor Administrative Agent.  If
              Administrative Agent has materially breached or failed to perform any material provision of this Agreement or of applicable law, the Required Lenders may agree in writing to remove and replace Administrative Agent with a successor
              Administrative Agent from among the Lenders with (so long as no Event of Default has occurred and is continuing) the consent of Borrowers (such consent not to be unreasonably withheld, delayed, or conditioned).  In any such event, upon the
              acceptance of its appointment as successor Administrative Agent hereunder, such successor Administrative Agent shall succeed to all the rights, powers, and duties of the retiring Administrative Agent and the term “Administrative Agent” shall
              mean such successor Administrative Agent and the retiring Administrative Agent’s appointment, powers, and duties as Administrative Agent shall be terminated.  After any retiring Administrative Agent’s resignation hereunder as Administrative
              Agent, the provisions of this Section 15 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was Administrative Agent under this Agreement.  If no successor Administrative Agent has accepted
              appointment as Administrative Agent by the date which is thirty (30) days following a retiring Administrative Agent’s notice of resignation, the retiring Administrative Agent’s resignation shall nevertheless thereupon become effective and the
              Lenders shall perform all of the duties of Administrative Agent hereunder until such time, if any, as the Lenders appoint a successor Administrative Agent as provided for above. 

             

            15.10     Lender in Individual Capacity. Any Lender and its respective Affiliates may make loans to, issue letters of credit for the
              account of, accept deposits from, provide Bank Products to, acquire Equity Interests in and generally engage in any kind of banking, trust, financial advisory, underwriting, or other business with Parent, any Borrower and its Subsidiaries and
              Affiliates and any other Person party to any Loan Documents as though such Lender were not a Lender hereunder without notice to or consent of the other Secured Parties (or the Bank Product Providers).  The Secured Parties acknowledge (and by
              entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to acknowledge) that, pursuant to such activities, such Lender and its respective Affiliates may receive information regarding a Loan Party or its Affiliates
              or any other Person party to any Loan Documents that is subject to confidentiality obligations in favor of such Loan Party or such other Person and that prohibit the disclosure of such information to the other Secured Parties, and the other
              Secured Parties acknowledge (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to acknowledge) that, in such circumstances (and in the absence of a waiver of such confidentiality obligations, which
              waiver such Lender will use its reasonable best efforts to obtain), such Lender shall not be under any obligation to provide such information to them. 

             

            
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            15.11      Collateral Matters.

             

            (a)         The Secured Parties hereby irrevocably authorize (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to authorize) Administrative Agent to
              (1) release any Lien on any Collateral (i) upon the termination of the Commitments and payment and satisfaction in full by Borrowers of all of the Obligations, (ii) constituting property being sold or disposed of if a release is required or
              desirable in connection therewith and if Borrowers certify to Administrative Agent that the sale or disposition is permitted under Section 6.4 (and Administrative Agent may rely conclusively on any such certificate, without further
              inquiry), (iii) constituting property in which no Loan Party or their Subsidiaries owned any interest at the time Agent’s Lien was granted nor at any time thereafter, (iv) constituting property leased or licensed to a Loan Party or its
              Subsidiaries under a lease or license that has expired or is terminated in a transaction permitted under this Agreement, or (v) in connection with a credit bid or purchase authorized under this Section 15.11 and (2) to release any
              Borrower or Guarantor (other than Parent) from its obligations under the Loan Documents if such Borrower or Guarantor ceases to be a Subsidiary of Parent pursuant to a transaction not prohibited by this Agreement.  The Loan Parties and the
              Secured Parties hereby irrevocably authorize (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to authorize) Administrative Agent, based upon the instruction of the Required Lenders, to (a) consent to
              the sale of, credit bid, or purchase (either directly or indirectly through one or more entities) all or any portion of the Collateral at any sale thereof conducted under the provisions of the Bankruptcy Code, including Section 363 of the
              Bankruptcy Code, (b) credit bid or purchase (either directly or indirectly through one or more entities) all or any portion of the Collateral at any sale or other disposition thereof conducted under the provisions of the Code, including
              pursuant to Sections 9-610 or 9-620 of the Code, or (c) credit bid or purchase (either directly or indirectly through one or more entities) all or any portion of the Collateral at any other sale or foreclosure conducted or consented to by
              Administrative Agent in accordance with applicable law in any judicial action or proceeding or by the exercise of any legal or equitable remedy.  In connection with any such credit bid or purchase, (i) the Obligations owed to the Bank Product
              Providers and the other Secured Parties shall be entitled to be, and shall be, credit bid on a ratable basis (with Obligations with respect to contingent or unliquidated claims being estimated for such purpose if the fixing or liquidation
              thereof would not impair or unduly delay the ability of Administrative Agent to credit bid or purchase at such sale or other disposition of the Collateral and, if such contingent or unliquidated claims cannot be estimated without impairing or
              unduly delaying the ability of Administrative Agent to credit bid at such sale or other disposition, then such claims shall be disregarded, not credit bid, and not entitled to any interest in the Collateral that is the subject of such credit
              bid or purchase) and the Bank Product Providers and the other Secured Parties whose Obligations are credit bid shall be entitled to receive interests (ratably based upon the proportion of their Obligations credit bid in relation to the
              aggregate amount of Obligations so credit bid) in the Collateral that is the subject of such credit bid or purchase (or in the Equity Interests of the any entities that are used to consummate such credit bid or purchase), and (ii)
              Administrative Agent, based upon the instruction of the Required Lenders, may accept non-cash consideration, including debt and equity securities issued by any entities used to consummate such credit bid or purchase and in connection
              therewith Administrative Agent may reduce the Obligations owed to Bank Product Providers and the other Secured Parties (ratably based upon the proportion of their Obligations credit bid in relation to the aggregate amount of Obligations so
              credit bid) based upon the value of such non-cash consideration.  Except as provided above, Administrative Agent will not execute and deliver a release of any Lien on any Collateral without the prior written authorization of (y) if the
              release is of all or substantially all of the Collateral, all of the Lenders (without requiring the authorization of the Bank Product Providers or other Secured Parties), or (z) otherwise, the Required Lenders (without requiring the
              authorization of the Bank Product Providers).  Upon request by either Administrative Agent or Borrowers at any time, the Lenders will (and if so requested, the Bank Product Providers and other Secured Parties will) confirm in writing
              Administrative Agent’s authority to release any such Liens on particular types or items of Collateral pursuant to this Section 15.11; provided, that (1) anything to the contrary contained in any of the Loan Documents
              notwithstanding, Administrative Agent shall not be required to execute any document or take any action necessary to evidence such release on terms that, in Administrative Agent’s opinion, could expose Administrative Agent to liability or
              create any obligation or entail any consequence other than the release of such Lien without recourse, representation, or warranty, and (2) such release shall not in any manner discharge, affect, or impair the Obligations or any Liens (other
              than those expressly released) upon (or obligations of Borrowers in respect of) any and all interests retained by any Borrower, including, the proceeds of any sale, all of which shall continue to constitute part of the Collateral.  Each
              Secured Party further hereby irrevocably authorizes (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to irrevocably authorize) Administrative Agent, at its option and in its sole discretion, to
              subordinate any Lien granted to or held by Administrative Agent under any Loan Document to the holder of any Permitted Lien on such property if such Permitted Lien secures Indebtedness permitted by clause (e) of the definition of Permitted
              Indebtedness.

             

            
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            (b)        Administrative Agent shall have no obligation whatsoever to any of the Secured Parties  (i) to verify or assure that the Collateral exists or is owned by a Loan Party or their
              Subsidiaries or is cared for, protected, or insured or has been encumbered, (ii) to verify or assure that Agent’s Liens have been properly or sufficiently or lawfully created, perfected, protected, or enforced or are entitled to any
              particular priority, (iii) to verify or assure that any particular items of Collateral meet the eligibility criteria applicable in respect thereof, (iv) to impose, maintain, increase, reduce, implement, or eliminate any particular reserve
              hereunder or to determine whether the amount of any reserve is appropriate or not, or (v) to exercise at all or in any particular manner or under any duty of care, disclosure or fidelity, or to continue exercising, any of the rights,
              authorities and powers granted or available to Administrative Agent pursuant to any of the Loan Documents, it being understood and agreed that in respect of the Collateral, or any act, omission, or event related thereto, subject to the terms
              and conditions contained herein, Administrative Agent may act in any manner it may deem appropriate, in its sole discretion given Administrative Agent’s own interest in the Collateral in its capacity as one of the Lenders and that
              Administrative Agent shall have no other duty or liability whatsoever to any Secured Party as to any of the foregoing, except as otherwise expressly provided herein.

             

            15.12     Restrictions on Actions by Lenders; Sharing of Payments.

             

            (a)         Each of the Lenders agrees that it shall not, without the express written consent of Administrative Agent, and that it shall, to the extent it is lawfully entitled to do so, upon
              the written request of Administrative Agent, set off against the Obligations, any amounts owing by such Lender to a Loan Party or its Subsidiaries or any deposit accounts of any Loan Party or its Subsidiaries now or hereafter maintained with
              such Lender.  Each of the Lenders further agrees that it shall not, unless specifically requested to do so in writing by Administrative Agent, take or cause to be taken any action, including, the commencement of any legal or equitable
              proceedings to enforce any Loan Document against any Loan Party or any other Guarantor or to foreclose any Lien on, or otherwise enforce any security interest in, any of the Collateral.

             

            (b)        If, at any time or times any Lender shall receive (i) by payment, foreclosure, setoff, or otherwise, any proceeds of Collateral or any payments with respect to the Obligations,
              except for any such proceeds or payments received by such Lender from Administrative Agent pursuant to the terms of this Agreement, or (ii) payments from Administrative Agent in excess of such Lender’s Pro Rata Share of all such distributions
              by Administrative Agent, such Lender promptly shall (A) turn the same over to Administrative Agent, in kind, and with such endorsements as may be required to negotiate the same to Administrative Agent, or in immediately available funds, as
              applicable, for the account of all of the Lenders and for application to the Obligations in accordance with the applicable provisions of this Agreement, or (B) purchase, without recourse or warranty, an undivided interest and participation in
              the Obligations owed to the other Lenders so that such excess payment received shall be applied ratably as among the Lenders in accordance with their Pro Rata Shares; provided, that to the extent that such excess payment received by
              the purchasing party is thereafter recovered from it, those purchases of participations shall be rescinded in whole or in part, as applicable, and the applicable portion of the purchase price paid therefor shall be returned to such purchasing
              party, but without interest except to the extent that such purchasing party is required to pay interest in connection with the recovery of the excess payment.

             

            15.13     Agency for Perfection. Each Secured Party hereby appoints Administrative Agent and each Lender
              (and each Bank Product Provider) as its agent (and Administrative Agent and each Lender hereby accepts (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to accept) such appointment) for the purpose of
              perfecting Agent’s Liens in assets which, in accordance with Article 8 or Article 9, as applicable, of the Code can be perfected by possession or control.  Should Administrative Agent or any Lender obtain possession or control of any such
              Collateral, such Lender shall notify Administrative Agent and Co-Collateral Agents thereof, and, promptly upon either Co-Collateral Agent’s request therefor shall deliver possession or control of such Collateral to Administrative Agent or in
              accordance with such Co-Collateral Agent’s instructions. 

             

            
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            15.14     Payments by Administrative Agent to the Lenders. All payments to be made by Administrative Agent to the Lenders (or Bank Product Providers) shall be
              made by bank wire transfer of immediately available funds pursuant to such wire transfer instructions as each party may designate for itself by written notice to Administrative Agent.  Concurrently with each such payment, Administrative Agent
              shall identify whether such payment (or any portion thereof) represents principal, premium, fees, or interest of the Obligations. 

             

            15.15    Concerning the Collateral and Related Loan Documents. Each Secured Party authorizes and directs
              Administrative Agent and Co-Collateral Agents to enter into this Agreement and the other Loan Documents.  Each Secured Party agrees (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to agree) that any
              action taken by Administrative Agent or by either Co-Collateral Agent in accordance with the terms of this Agreement or the other Loan Documents relating to the Collateral and the exercise by Administrative Agent or either Co-Collateral Agent
              of its powers set forth therein or herein, together with such other powers that are reasonably incidental thereto, shall be binding upon all of the Secured Parties (and such Bank Product Provider). 

             

            15.16    Field Examination Reports; Confidentiality; Disclaimers by Lenders; Other Reports and Information.
              By becoming a party to this Agreement, Administrative Agent and each Lender: 

            

            

            (a)       is deemed to have requested that Co-Collateral Agents furnish Administrative Agent and such Lender, promptly after it becomes available, a copy of each field examination report
              respecting Parent, any Borrower or its Subsidiaries (each, a “Report”) prepared by or at the request of either Co-Collateral Agent, and Co-Collateral Agents shall so furnish Administrative Agent and each Lender with such Reports,

             

            (b)         expressly agrees and acknowledges that Co-Collateral Agents do not (i) make any representation or warranty as to the accuracy of any Report, and (ii) shall not be liable for any
              information contained in any Report,

             

            (c)         expressly agrees and acknowledges that the Reports are not comprehensive audits or examinations, that Co-Collateral Agents or other party performing any field examination will
              inspect only specific information regarding Parent, Borrowers and their Subsidiaries and will rely significantly upon Parent’s, Borrowers’ and their Subsidiaries’ books and records, as well as on representations of Borrowers’ personnel,

             

            (d)       agrees to keep all Reports and other material, non-public information regarding Parent, Borrowers and their Subsidiaries and their operations, assets, and existing and contemplated
              business plans in a confidential manner in accordance with Section 17.9, and

             

            (e)        without limiting the generality of any other indemnification provision contained in this Agreement, agrees:  (i) to hold Co-Collateral Agents, Administrative Agent and any other
              Lender preparing a Report harmless from any action the indemnifying Lender may take or fail to take or any conclusion the indemnifying Lender may reach or draw from any Report in connection with any loans or other credit accommodations that
              the indemnifying Lender has made or may make to Borrowers, or the indemnifying Lender’s participation in, or the indemnifying Lender’s purchase of, a loan or loans of Borrowers, and (ii) to pay and protect, and indemnify, defend and hold
              Co-Collateral Agents and Administrative Agent, and any such other Lender preparing a Report harmless from and against, the claims, actions, proceedings, damages, costs, expenses, and other amounts (including, attorneys’ fees and costs)
              incurred by Co-Collateral Agents, Administrative Agent and any such other Lender preparing a Report as the direct or indirect result of any third parties who might obtain all or part of any Report through the indemnifying Lender.

             

            
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            (f)         In addition to the foregoing,  (x) any Lender may from time to time request of Co-Collateral Agents or Administrative Agent in writing that Co-Collateral Agents or Administrative
              Agent provide to such Lender a copy of any report or document provided by Parent, any Borrower or its Subsidiaries to Co-Collateral Agents or Administrative Agent that has not been contemporaneously provided by Parent, such Borrower or such
              Subsidiary to such Lender, and, upon receipt of such request, Co-Collateral Agents or Administrative Agent, as applicable, promptly shall provide a copy of same to such Lender, (y) to the extent that Co-Collateral Agents are, or
              Administrative Agent is, entitled, under any provision of the Loan Documents, to request additional reports or information from Parent, any Borrower or its Subsidiaries, any Lender may, from time to time, reasonably request Co-Collateral
              Agents or Administrative Agent to exercise such right as specified in such Lender’s notice to Co-Collateral Agents or Administrative Agent, as applicable, whereupon Co-Collateral Agents or Administrative Agent, as applicable, promptly shall
              request of Borrowers the additional reports or information reasonably specified by such Lender, and, upon receipt thereof from Parent, such Borrower or such Subsidiary, Co-Collateral Agents or Administrative Agent, as applicable, promptly
              shall provide a copy of same to such Lender, and (z) any time that Administrative Agent renders to Borrowers a statement regarding a Loan Account, Administrative Agent shall send a copy of such statement to each Lender.

             

            15.17     Several Obligations; No Liability. Notwithstanding that certain of the Loan Documents now or
              hereafter may have been or will be executed only by or in favor of Administrative Agent, in its capacity as such, and not by or in favor of any Lender, any and all obligations on the part of Administrative Agent (if any) to make any credit
              available hereunder shall constitute the several (and not joint) obligations of the respective Lenders on a ratable basis, according to their respective Commitments, to make an amount of such credit not to exceed, in principal amount, at any
              one time outstanding, the amount of their respective Commitments.  Nothing contained herein shall confer upon any Lender any interest in, or subject any Lender to any liability for, or in respect of, the business, assets, profits, losses, or
              liabilities of any other Lender.  Each Lender shall be solely responsible for notifying its Participants of any matters relating to the Loan Documents to the extent any such notice may be required, and no Lender shall have any obligation,
              duty, or liability to any Participant of any other Lender.  Except as provided in Section 15.7, no member of the Lender Group shall have any liability for the acts of any other member of the Lender Group.  No Lender shall be
              responsible to any Borrower or any other Person for any failure by any other Lender (or Bank Product Provider) to fulfill its obligations to make credit available hereunder, nor to advance for such Lender (or Bank Product Provider) or on its
              behalf, nor to take any other action on behalf of such Lender (or Bank Product Provider) hereunder or in connection with the financing contemplated herein. 

             

            15.18      Joint Lead Arrangers, Joint Book Runners and Syndication Agent; Co-Collateral Agents.

             

            (a)        Each of the Joint Lead Arrangers, Joint Book Runners and Syndication Agent, in such capacities, shall not have any right, power, obligation, liability, responsibility, or duty
              under this Agreement other than those applicable to it in its capacity as a Lender, as Administrative Agent, as Co-Collateral Agent, as Swing Lender, or as Issuing Bank.  Without limiting the foregoing, each of the Joint Lead Arrangers, Joint
              Book Runners and Syndication Agent, in such capacities, shall not have or be deemed to have any fiduciary relationship with any Lender or any Loan Party.  Each Lender, Administrative Agent, Co-Collateral Agent, Swing Lender, Issuing Bank, and
              each Loan Party acknowledges that it has not relied, and will not rely, on the Joint Lead Arrangers, Joint Book Runners or Syndication Agent in deciding to enter into this Agreement or in taking or not taking action hereunder.  Each of the
              Joint Lead Arrangers, Joint Book Runners and Syndication Agent, in such capacities, shall be entitled to resign at any time by giving notice to Administrative Agent and Borrowers.

             

            (b)        The parties hereto agree that for purposes of the Guaranty and Security Agreement and certain other Loan Documents, Wells Fargo shall serve as the agent under the Guaranty and
              Security Agreement, notwithstanding the fact that Wells Fargo and PNC are Co-Collateral Agents hereunder.

             

            15.19      Appointment of Australian Security Trustee; Australian Security Trust Deed.

             

            (a)          Upon the execution of the Australian Security Trust Deed, the Secured Parties appoint the Australian Security Trustee under the terms of the Australian Security Trust Deed to act
              as their trustee under and in relation to the Australian Security Documents and to hold the assets subject to the security thereby created as trustee for the Secured Parties on trust and on the terms contained in the Australian Security
              Documents and each Secured Party authorizes the Australian Security Trustee under the terms of the Australian Security Trust Deed to exercise such rights, remedies, powers and discretions as are specifically delegated to the Australian
              Security Trustee by the terms of the Australian Security Documents, together with all such rights, remedies, powers and discretions as are incidental thereto and the Australian Security Trustee hereby accepts that appointment.

             

            
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            (b)          Upon the execution of the Australian Security Trust Deed, each Secured Party:

             

            (i)          acknowledges that it is aware of, and consents to, the terms of the Australian Security Trust Deed;

             

            (ii)         agrees to comply with and be bound by the Australian Security Trust Deed as a Beneficiary (to be defined in the Australian Security Trust Deed);

             

            (iii)        acknowledges that it has received a copy of the Australian Security Trust Deed together with the other information which it has required in connection with the Australian
              Security Trust Deed and the Fifth Amendment;

             

            (iv)         without limiting the general application of paragraph (i) above, acknowledges and agrees:

             

            (A)            to the limitations and releases of the Australian Security Trustee’s liabilities;

             

            (B)        that it has been, and will continue to be, solely responsible for making its own independent appraisal and investigation of all risks arising under or in connection with the
              Australian Security Trust Deed and Australian Security Documents;

             

            (C)           that it, its assigns and successors, is bound by each consent, approval, waiver, amendment or other decision by the Administrative Agent or any instruction to the Australian
              Security Trustee by the Administrative Agent unless revoked in accordance with terms of the Australian Security Trust Deed;

             

            (D)            to provide the indemnities contained in the Australian Security Trust Deed; and

             

            (v)        without limiting the general application of paragraph (i) above, for consideration received, irrevocably appoints as its attorney each person who under the terms of the Australian
              Security Trust Deed is appointed an attorney of a Beneficiary (to be defined in the Australian Security Trust Deed) on the same terms and for the same purposes as contained in the Australian Security Trust Deed.

             

            (c)        The Administrative Agent shall provide a copy of the execution form of the Australian Security Trust Deed to each Secured Party prior to execution of that document by the parties
              to it.

             

            (d)        The Administrative Agent may resign from its capacity as Australian Security Trustee at any time in accordance with the Australian Security Trust Deed.

             

            (e)        This Section is executed as a deed poll in favor of the Australian Security Trustee and each Beneficiary (to be defined in the Australian Security Trust Deed) from time to time.
              The law of New South Wales governs this Section 15.19 and the parties submit to the non-exclusive jurisdiction of the courts of New South Wales and of the Commonwealth of Australia in relation to this Section 15.19.

             

            
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            15.20      Rights and remedies of the Australian Security Trustee.

             

            (a)         In this Agreement, any rights and remedies exercisable by, any documents to be delivered to, or any other indemnities or obligations in favor of
              Administrative Agent shall be, as the case may be, exercisable by, delivered to, or be indemnities or other obligations in favor of Administrative Agent (or any other Person acting in such capacity) in its capacity as Australian Security
              Trustee to the extent that the rights, remedies, deliveries, indemnities or other obligations relate to, the Australian Loan Parties, the Australian Security Agreements or the security thereby created.  Any obligations of Administrative Agent
              (or any other Person acting in such capacity) in this Agreement shall be obligations of Administrative Agent in its capacity as Australian Security Trustee or the security thereby created to the extent that such obligations relate to the
              Australian Security Agreements or the security thereby created.  Additionally, in its capacity as Australian Security Trustee, Administrative Agent (or any other Person acting in such capacity) shall have:

             

            (i)         all the rights, remedies and benefits in favor of the Administrative Agent contained in the provisions of the whole of this Section 15.19 and Section
              9;

             

            (ii)         all the powers of an absolute owner of the security constituted by the Australian Security Agreements; and

             

            (iii)      all the rights, remedies and powers granted to it and be subject to all the obligations and duties owned by it under the Australian Security Documents.

             

            15.21     Australian PPSA Provisions.

             

            (a)         Where Administrative Agent, a Co-Collateral Agent, a member of the Lender Group or a Bank Product Provider has a security interest (as defined in the
              Australian PPSA) under any Loan Document, to the extent the law permits:

             

            (i)          for the purposes of sections 115(1) and 115(7) of the Australian PPSA:

             

            (A)           Administrative Agent, a Co-Collateral Agent, a member of the Lender Group or a Bank Product Provider with the benefit of the security interest need not comply with sections 95,
              118, 121(4), 125, 130, 132(3)(d) or 132(4) of the Australian PPSA; and

             

            (B)           sections 142 and 143 of the Australian PPSA are excluded;

             

            (ii)        for the purposes of section 115(7) of the Australian PPSA, Administrative Agent, a Co-Collateral Agent, a member of the Lender Group or a Bank Product Provider with the benefit
              of the security interest need not comply with sections 132 and 137(3);

             

            (iii)        each party to this Agreement waives its right to receive from Administrative Agent, a Co-Collateral Agent, a member of the Lender Group or a Bank Product Provider any notice
              required under the Australian PPSA (including a notice of a verification statement); and

             

            (iv)        if Administrative Agent, a Co-Collateral Agent, a member of the Lender Group or a Bank Product Provider with the benefit of a security interest exercises a right, power or remedy
              in connection with it, that exercise is taken not to be an exercise of a right, power or remedy under the Australian PPSA unless the Administrative Agent or such Lender states otherwise at the time of exercise.  However, this clause does not
              apply to a right, power or remedy which can only be exercised under the Australian PPSA.

             

            (b)         This does not affect any rights a person has or would have other than by reason of the Australian PPSA and applies despite any other clause in any Loan Document.

             

            
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                        16.

                      	
                        WITHHOLDING TAXES.

                      

              

            

             

            16.1       Payments. Any and all payments by or on account of any obligation of Borrowers hereunder or
              under any other Loan Document will be made free and clear of, and without deduction or withholding for, any present or future Taxes, except as required by applicable law; provided that if the applicable withholding agent shall be
              required by applicable law (as determined in the good faith discretion of the applicable withholding agent) to deduct any Taxes from such payments, then (a) if such Taxes are Indemnified Taxes, the sum payable shall be increased as necessary
              so that after making all required deductions (including deductions applicable to additional sums payable under this Section) the Administrative Agent, Lender, Issuing Bank or Participant (as the case may be) receives an amount equal to the
              sum it would have received had no such deductions been made, (b) the applicable withholding agent shall make such deductions and (c) the applicable withholding agent shall timely pay the full amount deducted to the relevant Governmental
              Authority in accordance with applicable law.  As soon as practicable after any payment of Taxes by a Borrower pursuant to this Section 16.1, such 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.  In addition, without duplication of any
              other amounts paid pursuant to this Section 16.1, the Borrowers shall pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law, or, at the option of the Administrative Agent, timely reimburse it for the
              payment thereof. 

             

            16.2        Exemptions.

             

            (a)          For purposes of this Section 16.2, the term “Lender” includes any Issuing Bank.  Any Lender that is entitled to an exemption from or reduction of withholding Tax under applicable
              law with respect to payments under this Agreement shall deliver to the Borrowers (with a copy to the Administrative Agent), at the time or times prescribed by applicable law, such properly completed and executed documentation prescribed by
              applicable law or reasonably requested by the Borrowers or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding and will also, if reasonably requested by the Borrowers or the
              Administrative Agent, provide any documentation prescribed by applicable law or reasonably requested by the Borrowers or the Administrative Agent as will enable the Borrowers 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 this Section 16.2(a), the completion, execution and submission of such documentation (other than such documentation
              set forth in Section 16.2(b)(i), (ii), and (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.

             

            (b)          Without limiting the generality of the foregoing:

             

            (i)          any Lender that is a “United states person” within the meaning IRC Section 7701(a)(30) shall deliver to the Borrowers 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 originals of IRS Form W-9 certifying that such Lender is exempt from
              U.S. Federal backup withholding tax;

             

            (ii)         any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrowers 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 Borrowers or the Administrative Agent), whichever of the following
              is applicable:

             

            (A)           if such Foreign Lender is claiming the benefits of an exemption from United States withholding tax pursuant to the portfolio interest exception under Section 881(c) of the IRC,
              (x) a certificate of the Lender or Participant that it is not a (I) a “bank” as described in Section 881(c)(3)(A) of the IRC, (II) a “10 percent shareholder” (within the meaning of Section 871(h)(3)(B) of the IRC) of Parent, or (III) a
              controlled foreign corporation that is a “related person” (within the meaning of Section 864(d)(4) of the IRC) with respect to Borrowers (a “U.S. Tax Compliance Certificate”), and (y) a properly completed and executed IRS Form W-8BEN
              or Form W-8BEN-E;

             

            
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            (B)           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 originals of IRS Form W-8BEN or IRS Form W-8BEN-E establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty  and (y) with respect to  any other
              applicable payments under any Loan Document, IRS Form W-8BEN or IRS Form W-8BEN-E establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty;

             

            (C)          if such Foreign Lender is entitled  to claim that interest paid under this Agreement is exempt from United States withholding tax because it is effectively connected with a
              United States trade or business of such Lender, a properly completed and executed copy of IRS Form W-8ECI; or

             

            (D)          to the extent a Foreign Lender is not the beneficial owner, executed originals 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, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender are
              claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate on behalf of each such direct and indirect partner;

             

            (iii)        any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrowers 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 originals 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

             

            (iv)       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 IRC, as applicable), such Lender shall deliver to the Borrowers and the Administrative Agent at the time or times prescribed by law and at such
              time or times reasonably requested by the Borrowers or the Administrative Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the IRC) and such additional documentation reasonably
              requested by the Borrowers or the Administrative Agent as may be necessary for the Borrowers 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 (D), “FATCA” shall include any amendments made to FATCA after the date of this Agreement.

             

            (c)          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 Borrowers and Administrative Agent in writing of its legal inability to do so.

             

            (d)       If a Lender or Participant claims exemption from, or reduction of, withholding tax in a jurisdiction other than the United States or Australia and such Lender or Participant sells,
              assigns, grants a participation in, or otherwise transfers all or part of the Obligations of Borrowers to such Lender or Participant, such Lender or Participant agrees to notify Administrative Agent (or, in the case of a sale of a
              participation interest, to the Lender granting the participation only) of  the percentage amount in which it is no longer the beneficial owner of Obligations of Borrowers to such Lender or Participant.  To the extent of such percentage
              amount, Administrative Agent will treat such Lender’s or such Participant’s documentation provided pursuant to this Section 16.2 as no longer valid.  With respect to such percentage amount, such Participant or Assignee may provide
              new documentation, pursuant to this Section 16.2, if applicable.  Borrowers agree that each Participant shall be entitled to the benefits of this Section 16 with respect to its participation in any portion of the Commitments
              and the Obligations to the same extent as if it were a Lender and had acquired its interest by assignment so long as such Participant complies with the obligations set forth in this Section 16 with respect thereto (it being understood
              that the documentation required under this Section 16.2 shall be delivered to the participating Lender).

             

            
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            (e)         If a Lender or Participant is entitled to claim an exemption from withholding tax in Australia, such Lender or such Participant agrees to deliver to the Australian Borrowers any
              such form or forms or appropriate tax file number or Australian Business Number or other information or evidence, as may be required under the laws of Australia or its jurisdiction of organization or incorporation as a condition to exemption
              from, or reduction of, Australian IWT before receiving its first payment under this Agreement, but only if such Lender or such Participant is legally able to deliver such forms, information or evidence; provided, that nothing in this
              Section 16.2(e) shall require a Lender or Participant to disclose any information that it deems to be confidential (including without limitation, its tax returns).  Where the Lender or Participant is entitled to exemption from
              Australian IWT under a treaty,  such documentation shall include a written notification to be provided by the relevant Lender or Participant representing and warranting that it qualifies for an exemption from Australian IWT under a treaty,
              which in the case of Lenders that are not Foreign Lenders shall be in the form set out in Schedule 16.2 and in the case of any Foreign Lender shall be in any form reasonably required by the Australian Borrowers to satisfy itself such
              exemption is available. Each Lender and each Participant shall provide new forms (or successor forms) upon the expiration or obsolescence of any previously delivered forms and to promptly notify the Australian Borrowers of any change in
              circumstances which would modify or render invalid any claimed exemption or reduction.

             

            (f)          If a Lender or Participant claims, or in the case of Australian IWT is entitled to, an exemption from, or reduction of, withholding tax and such Lender or Participant sells,
              assigns, grants a participation in, or otherwise transfers all or part of the Obligations of Borrowers to such Lender or Participant, such Lender or Participant agrees to notify Agent (or, in the case of a sale of a participation interest, to
              the Lender granting the participation only) of  the percentage amount in which it is no longer the beneficial owner of Obligations of Borrowers to such Lender or Participant.  To the extent of such percentage amount, Agent will treat such
              Lender’s or such Participant’s documentation provided pursuant to Section 16.2(b),  16.2(d) or 16.2(e) as no longer valid.  With respect to such percentage amount, such Participant or Assignee may provide new documentation,
              pursuant to Section 16.2(b), 16.2(d) or 16.2(e), if applicable.  Borrowers agree that each Participant shall be entitled to the benefits of this Section 16 with respect to its participation in any portion of the
              Commitments and the Obligations so long as such Participant complies with the obligations set forth in this Section 16 with respect thereto.

             

            (g)        On or before the date that and any successor Administrative Agent becomes the Administrative Agent pursuant to Section 15.9, it shall deliver to Borrowers two duly executed
              originals of either (i) IRS Form W-9 or (ii) a U.S. branch withholding certificate on IRS Form W-8IMY evidencing its agreement with the Borrowers to be treated as a US Person (with respect to amounts received on account of any Lender) and IRS
              Form W-8ECI (or any successor form) (with respect to amounts received on its own account), with the effect that, in any case, the Borrowers will be entitled to make payments hereunder to the Administrative Agent without withholding or
              deduction on account of U.S. federal withholding Tax.

             

            16.3        Reductions.

             

            (a)        If a Lender or a Participant is subject to an applicable withholding tax, Administrative Agent (or, in the case of a Participant, the Lender granting the participation) may
              withhold from any payment to such Lender or such Participant an amount equivalent to the applicable withholding tax.  If the forms or other documentation required by Section 16.2 are not delivered to Administrative Agent (or, in the
              case of a Participant, to the Lender granting the participation), then Administrative Agent (or, in the case of a Participant, to the Lender granting the participation) may withhold from any payment to such Lender or such Participant not
              providing such forms or other documentation an amount equivalent to the applicable withholding tax.

             

            
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              (b)         If the IRS or any other Governmental Authority of the United States or other jurisdiction asserts a claim that Administrative Agent (or, in the case of a Participant, to the
                Lender granting the participation) did not properly withhold tax from amounts paid to or for the account of any Lender or any Participant due to a failure on the part of the Lender or any Participant (because the appropriate form was not
                delivered, was not properly executed, or because such Lender failed to notify Administrative Agent (or such Participant failed to notify the Lender granting the participation) of a change in circumstances which rendered the exemption from,
                or reduction of, withholding tax ineffective, or for any other reason) such Lender shall indemnify and hold Administrative Agent harmless (or, in the case of a Participant, such Participant shall indemnify and hold the Lender granting the
                participation harmless) for all amounts paid, directly or indirectly, by Administrative Agent (or, in the case of a Participant, to the Lender granting the participation), as tax or otherwise, including penalties and interest, and including
                any taxes imposed by any jurisdiction on the amounts payable to Administrative Agent (or, in the case of a Participant, to the Lender granting the participation only) under this Section 16, together with all costs and expenses
                (including attorneys’ fees and expenses).  The obligation of the Lenders and the Participants under this subsection shall survive the payment of all Obligations and the resignation or replacement of Administrative Agent.

               

              

              
                16.4       Refunds.   If Administrative
                  Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which Borrowers have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default
                  has occurred and is continuing, it shall pay over such refund to Borrowers (but only to the extent of payments made, or additional amounts paid, by Borrowers under this Section 16 with respect to Indemnified Taxes giving rise to
                  such a refund), net of all out-of-pocket expenses of Administrative Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that Borrowers,
                  upon the request of Administrative Agent or such Lender, agrees to repay the amount paid over to Borrowers (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties,
                  interest or other charges imposed as a result of the willful misconduct or gross negligence of Administrative Agent hereunder) to Administrative Agent or such Lender in the event Administrative Agent or such Lender is required to repay
                  such refund to such Governmental Authority.  Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Administrative Agent or any Lender to make available its tax returns (or
                  any other information which it deems confidential) to Borrowers or any other Person.

                 

                
                  
                    	
                            17.

                          	
                            GENERAL PROVISIONS.

                          

                  

                

                 

                17.1       Effectiveness.  This Agreement shall be binding and deemed effective
                  when executed by Parent, each Borrower, Administrative Agent, and each Lender whose signature is provided for on the signature pages hereof.

                 

                17.2       Section Headings.  Headings and numbers have been set forth herein for
                  convenience only.  Unless the contrary is compelled by the context, everything contained in each Section applies equally to this entire Agreement.

                 

                17.3      Interpretation.  Neither this Agreement nor any uncertainty or ambiguity
                  herein shall be construed against the Lender Group or any Loan Party, whether under any rule of construction or otherwise.  On the contrary, this Agreement has been reviewed by all parties and shall be construed and interpreted according
                  to the ordinary meaning of the words used so as to accomplish fairly the purposes and intentions of all parties hereto.

                 

                17.4       Severability of Provisions.  Each provision of this Agreement shall be
                  severable from every other provision of this Agreement for the purpose of determining the legal enforceability of any specific provision.

                 

                
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                17.5       Bank Product Providers.  Each Bank Product Provider in its capacity as
                  such shall be deemed a third party beneficiary hereof and of the provisions of the other Loan Documents for purposes of any reference in a Loan Document to the parties for whom Administrative Agent is acting.  Administrative Agent hereby
                  agrees to act as agent for such Bank Product Providers and, by virtue of entering into a Bank Product Agreement, the applicable Bank Product Provider shall be automatically deemed to have appointed Administrative Agent as its agent and to
                  have accepted the benefits of the Loan Documents.  It is understood and agreed that the rights and benefits of each Bank Product Provider under the Loan Documents consist exclusively of such Bank Product Provider’s being a beneficiary of
                  the Liens and security interests (and, if applicable, guarantees) granted to Administrative Agent and the right to share in payments and collections out of the Collateral as more fully set forth herein. In addition, each Bank Product
                  Provider, by virtue of entering into a Bank Product Agreement, shall be automatically deemed to have agreed that Administrative Agent shall have the right, but shall have no obligation, to establish, maintain, relax, or release reserves
                  in respect of the Bank Product Obligations and that if reserves are established there is no obligation on the part of Administrative Agent to determine or insure whether the amount of any such reserve is appropriate or not.  In connection
                  with any such distribution of payments or proceeds of Collateral, Administrative Agent shall be entitled to assume no amounts are due or owing to any Bank Product Provider unless such Bank Product Provider has provided a written
                  certification (setting forth a reasonably detailed calculation) to Administrative Agent as to the amounts that are due and owing to it and such written certification is received by Administrative Agent a reasonable period of time prior to
                  the making of such distribution.  Administrative Agent shall have no obligation to calculate the amount due and payable with respect to any Bank Products, but may rely upon the written certification of the amount due and payable from the
                  applicable Bank Product Provider.  In the absence of an updated certification, Administrative Agent shall be entitled to assume that the amount due and payable to the applicable Bank Product Provider is the amount last certified to
                  Administrative Agent by such Bank Product Provider as being due and payable (less any distributions made to such Bank Product Provider on account thereof).  Borrowers may obtain Bank Products from any Bank Product Provider, although
                  Borrowers are not required to do so.  Each Borrower acknowledges and agrees that no Bank Product Provider has committed to provide any Bank Products and that the providing of Bank Products by any Bank Product Provider is in the sole and
                  absolute discretion of such Bank Product Provider.  Notwithstanding anything to the contrary in this Agreement or any other Loan Document, no provider or holder of any Bank Product shall have any voting or approval rights hereunder (or be
                  deemed a Lender) solely by virtue of its status as the provider or holder of such agreements or products or the Obligations owing thereunder, nor shall the consent of any such provider or holder be required (other than in their capacities
                  as Lenders, to the extent applicable) for any matter hereunder or under any of the other Loan Documents, including as to any matter relating to the Collateral or the release of Collateral or Guarantors.

                 

                17.6       Debtor-Creditor Relationship.  The relationship between the Lenders and
                  Administrative Agent, on the one hand, and the Loan Parties, on the other hand, is solely that of creditor and debtor.  No member of the Lender Group has (or shall be deemed to have) any fiduciary relationship or duty to any Loan Party
                  arising out of or in connection with the Loan Documents or the transactions contemplated thereby, and there is no agency or joint venture relationship between the members of the Lender Group, on the one hand, and the Loan Parties, on the
                  other hand, by virtue of any Loan Document or any transaction contemplated therein.

                 

                17.7        Counterparts; Electronic Execution. This Agreement may be executed in
                  any number of counterparts and by different parties on separate counterparts, each of which, when executed and delivered, shall be deemed to be an original, and all of which, when taken together, shall constitute but one and the same
                  Agreement.  Delivery of an executed counterpart of this Agreement by telefacsimile or other electronic method of transmission shall be equally as effective as delivery of an original executed counterpart of this Agreement.  Any party
                  delivering an executed counterpart of this Agreement by telefacsimile or other electronic method of transmission also shall deliver an original executed counterpart of this Agreement but the failure to deliver an original executed
                  counterpart shall not affect the validity, enforceability, and binding effect of this Agreement.  The foregoing shall apply to each other Loan Document mutatis mutandis. 

                 

                
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                17.8      Revival and Reinstatement of Obligations; Certain Waivers.  If any
                  member of the Lender Group or any Bank Product Provider repays, refunds, restores, or returns in whole or in part, any payment or property (including any proceeds of Collateral) previously paid or transferred to such member of the Lender
                  Group or such Bank Product Provider in full or partial satisfaction of any Obligation or on account of any other obligation of any Loan Party under any Loan Document or any Bank Product Agreement, because the payment, transfer, or the
                  incurrence of the obligation so satisfied is asserted or declared to be void, voidable, or otherwise recoverable under any law relating to creditors’ rights, including provisions of the Bankruptcy Code relating to fraudulent transfers,
                  preferences, or other voidable or recoverable obligations or transfers (each, a “Voidable Transfer”), or because such member of the Lender Group or Bank Product Provider elects to do so on the reasonable advice of its counsel in
                  connection with a claim that the payment, transfer, or incurrence is or may be a Voidable Transfer, then, as to any such Voidable Transfer, or the amount thereof that such member of the Lender Group or Bank Product Provider elects to
                  repay, restore, or return (including pursuant to a settlement of any claim in respect thereof), and as to all reasonable costs, expenses, and attorneys’ fees of such member of the Lender Group or Bank Product Provider related thereto, (i)
                  the liability of the Loan Parties with respect to the amount or property paid, refunded, restored, or returned will automatically and immediately be revived, reinstated, and restored and will exist and (ii) Agent’s Liens securing such
                  liability shall be effective, revived, and remain in full force and effect, in each case, as fully as if such Voidable Transfer had never been made.  If, prior to any of the foregoing, (A) Agent’s Liens shall have been released or
                  terminated or (B) any provision of this Agreement shall have been terminated or cancelled, Agent’s Liens, or such provision of this Agreement, shall be reinstated in full force and effect and such prior release, termination, cancellation
                  or surrender shall not diminish, release, discharge, impair or otherwise affect the obligation of any Loan Party in respect of such liability or any Collateral securing such liability.

                 

                17.9        Confidentiality.

                 

                (a)        Administrative Agent, the Co-Collateral Agents, the Australian Security Trustee and Lenders each individually (and not jointly or
                  jointly and severally) agree that material, non-public information regarding Parent, Borrowers and their Subsidiaries, their operations, assets, and existing and contemplated business plans (“Confidential Information”) shall be
                  treated by Administrative Agent, the Co-Collateral Agents, the Australian Security Trustee and the Lenders in a confidential manner, and shall not be disclosed by Administrative Agent, the Co-Collateral Agents, the Australian Security
                  Trustee and the Lenders to Persons who are not parties to this Agreement, except:  (i) to attorneys’ for and other advisors, accountants, auditors, and consultants to any member of the Lender Group  and to employees, directors and
                  officers of any member of the Lender Group (the Persons in this clause (i), “Lender Group Representatives”) on a “need to know” basis in connection with this Agreement and the transactions contemplated hereby and on a confidential
                  basis, (ii) to Subsidiaries and Affiliates of any member of the Lender Group (including the Bank Product Providers); provided that any such Subsidiary or Affiliate shall have agreed to receive such information hereunder subject to
                  the terms of this Section 17.9, (iii) as may be required by regulatory authorities so long as such authorities are informed of the confidential nature of such information, (iv) as may be required by statute, decision, or judicial
                  or administrative order, rule, or regulation; provided that (x) prior to any disclosure under this clause (iv), the disclosing party agrees to provide Administrative Borrower with prior notice thereof, to the extent that it is
                  practicable to do so and to the extent that the disclosing party is permitted to provide such prior notice to Borrowers pursuant to the terms of the applicable statute, decision, or judicial or administrative order, rule, or regulation
                  and (y) any disclosure under this clause (iv) shall be limited to the portion of the Confidential Information as may be required by such statute, decision, or judicial or administrative order, rule, or regulation, (v) as may be agreed to
                  in advance in writing by Borrowers, (vi) as requested or required by any Governmental Authority pursuant to any subpoena or other legal process; provided, that, (x) prior to any disclosure under this clause (vi) the disclosing
                  party agrees to provide Borrowers with prior written notice thereof, to the extent that it is practicable to do so and to the extent that the disclosing party is permitted to provide such prior written notice to Borrowers pursuant to the
                  terms of the subpoena or other legal process and (y) any disclosure under this clause (vi) shall be limited to the portion of the Confidential Information as may be required by such Governmental Authority pursuant to such subpoena or
                  other legal process, (vii) as to any such information that is or becomes generally available to the public (other than as a result of prohibited disclosure by Administrative Agent the Co-Collateral Agents, the Australian Security Trustee
                  or the Lenders or the Lender Group Representatives), (viii) in connection with any assignment, participation  or pledge of any Lender’s interest under this Agreement; provided that prior to receipt of Confidential Information any
                  such assignee, participant, or pledgee shall have agreed in writing to receive such Confidential Information either subject to the terms of this Section 17.9 or pursuant to confidentiality requirements substantially similar to
                  those contained in this Section 17.9 (and such Person may disclose such Confidential Information to Persons employed or engaged by them as described in clause (i) above), (ix) in connection with any litigation or other adversary
                  proceeding involving parties hereto which such litigation or adversary proceeding involves claims related to the rights or duties of such parties under this Agreement or the other Loan Documents; provided, that, prior to any
                  disclosure to any Person (other than any Loan Party, Administrative Agent, the Co-Collateral Agents, the Australian Security Trustee any Lender, any of their respective Affiliates, or their respective counsel) under this clause (ix) with
                  respect to litigation involving any Person (other than any Borrower, Administrative Agent, the Co-Collateral Agents, the Australian Security Trustee any Lender, any of their respective Affiliates, or their respective counsel), the
                  disclosing party agrees to provide Borrowers with prior written notice thereof, and (x) in connection with, and to the extent reasonably necessary for, the exercise of any secured creditor remedy under this Agreement or under any other
                  Loan Document.

                 

                
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                (b)        Anything in this Agreement to the contrary notwithstanding, Administrative Agent may disclose information concerning the terms and conditions of this Agreement and the other
                  Loan Documents to loan syndication and pricing reporting services or in its marketing or promotional materials, with such information to consist of deal terms and other information customarily found in such publications or marketing or
                  promotional materials and may otherwise use the name, logos, and other insignia of any Borrower or the other Loan Parties and the Commitments provided hereunder in any “tombstone” or other advertisements, on its website or in other
                  marketing materials of Administrative Agent.

                 

                (c)       Each Loan Party agrees that Administrative Agent may make materials or information provided by or on behalf of Borrowers hereunder (collectively, “Borrower Materials”)
                  available to the Lenders by posting the Borrower Materials on IntraLinks, SyndTrak or a substantially similar secure electronic transmission system (the “Platform”).  The Platform is provided “as is” and “as available.”
                  Administrative Agent does not warrant the accuracy or completeness of the Borrower Materials, or the adequacy of the Platform and expressly disclaims liability for errors or omissions in 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 Administrative Agent in
                  connection with the Borrower Materials or the Platform.  In no event shall Administrative Agent or any of the Agent-Related Persons have any liability to the Loan Parties, any Lender or any other person 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 Administrative Agent’s transmission of communications through the Internet,
                  except to the extent the liability of such Person is found in a final non-appealable judgment by a court of competent jurisdiction to have resulted from such Person’s gross negligence or willful misconduct.  Each Loan Party further agrees
                  that certain of the Lenders may be “public-side” Lenders (i.e., Lenders that do not wish to receive material non-public information with respect to the Loan Parties or their securities) (each, a “Public Lender”).  The Loan Parties
                  shall be deemed to have authorized Administrative Agent and its Affiliates and the Lenders to treat Borrower Materials marked “PUBLIC” or otherwise at any time filed with the SEC as not containing any material non-public information with
                  respect to the Loan Parties or their securities for purposes of United States federal and state securities laws.  All Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated as
                  “Public Investor” (or another similar term).  Administrative Agent and its Affiliates and the Lenders shall be entitled to treat any Borrower Materials that are not marked “PUBLIC” or that are not at any time filed with the SEC as being
                  suitable only for posting on a portion of the Platform not marked as “Public Investor” (or such other similar term).

                 

                17.10     Survival.  All representations and warranties made by the Loan Parties
                  in the Loan Documents and in the certificates or other instru-ments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the other parties hereto and shall
                  survive the execution and delivery of the Loan Documents and the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that
                  Administrative Agent, Issuing Bank, or any Lender may have had notice or knowledge of any Default or Event of Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force
                  and effect as long as the principal of, or any accrued interest on, any Loan or any fee or any other amount payable under this Agreement is outstand-ing or unpaid or any Letter of Credit is outstanding and so long as the Commitments have
                  not expired or been terminated.

                 

                
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                17.11      Patriot Act; Due Diligence.  Each Lender that is subject to the requirements of the Patriot Act 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 each Loan Party, which information includes the name and address of each Loan Party and other information that
                  will allow such Lender to identify each Loan Party in accordance with the Patriot Act.  In addition, Administrative Agent and each Lender shall have the right to periodically conduct due diligence on all Loan Parties, their senior
                  management and key principals and legal and beneficial owners.  Each Loan Party agrees to cooperate in respect of the conduct of such due diligence and further agrees that the reasonable costs and charges for any such due diligence by
                  Administrative Agent shall constitute Lender Group Expenses hereunder and be for the account of Borrowers.

                 

                17.12    Integration. This Agreement, together with the other Loan Documents,
                  reflects the entire understanding of the parties with respect to the transactions contemplated hereby and shall not be contradicted or qualified by any other agreement, oral or written, before the date hereof.  The foregoing to the
                  contrary notwithstanding, all Bank Product Agreements, if any, are independent agreements governed by the written provisions of such Bank Product Agreements, which will remain in full force and effect, unaffected by any repayment,
                  prepayments, acceleration, reduction, increase, or change in the terms of any credit extended hereunder, except as otherwise expressly provided in such Bank Product Agreement. 

                 

                17.13     Australian Code of Banking Practice.  Each of the parties hereto agrees
                  that the Australian Code of Banking Practice does not apply to this Agreement and the transactions in connection herewith.

                 

                17.14      Thryv, Inc. as Agent for Borrowers.  Each Borrower hereby irrevocably appoints Thryv, Inc. as the
                  borrowing agent and attorney-in-fact for all Borrowers (the “Administrative Borrower”) which appointment shall remain in full force and effect unless and until Administrative Agent shall have received prior written notice signed by
                  each Borrower that such appointment has been revoked and that another Borrower has been appointed Administrative Borrower.  Each Borrower hereby irrevocably appoints and authorizes Administrative Borrower (a) to provide Administrative
                  Agent with all notices with respect to Revolving Loans and Letters of Credit obtained for the benefit of any Borrower and all other notices and instructions under this Agreement and the other Loan Documents (and any notice or instruction
                  provided by Administrative Borrower shall be deemed to be given by Borrowers hereunder and shall bind each Borrower), (b) to receive notices and instructions from members of the Lender Group (and any notice or instruction provided by any
                  member of the Lender Group to Administrative Borrower in accordance with the terms hereof shall be deemed to have been given to each Borrower), and (c) to take such action as Administrative Borrower deems appropriate on its behalf to
                  obtain Revolving Loans and Letters of Credit and to exercise such other powers as are reasonably incidental thereto to carry out the purposes of this Agreement.  It is understood that the handling of the Loan Accounts and Collateral in a
                  combined fashion, as more fully set forth herein, is done solely as an accommodation to Borrowers in order to utilize the collective borrowing powers of Borrowers in the most efficient and economical manner and at their request, and that
                  Lender Group shall not incur liability to any Borrower as a result hereof.  Each Borrower expects to derive benefit, directly or indirectly, from the handling of the Loan Accounts and the Collateral in a combined fashion since the
                  successful operation of each Borrower is dependent on the continued successful performance of the integrated group.  To induce the Lender Group to do so, and in consideration thereof, each Borrower hereby jointly and severally agrees to
                  indemnify each member of the Lender Group and hold each member of the Lender Group harmless against any and all liability, expense, loss or claim of damage or injury, made against the Lender Group by any Borrower or by any third party
                  whosoever, arising from or incurred by reason of (i) the handling of the Loan Accounts and Collateral of Borrowers as herein provided or (ii) the Lender Group’s relying on any instructions of Administrative Borrower, except that Borrowers will have no liability to the relevant Agent-Related Person or Lender-Related Person under this Section 17.14 with respect to any liability that has
                  been finally determined by a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of such Agent-Related Person or Lender-Related Person, as the case may be.

                 

                17.15    Acknowledgement and Consent to Bail-In of Affected Financial Institutions. 
                  Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any parties hereto, each of the parties hereto acknowledges that any liability of any Affected Financial
                  Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees
                  to be bound by:

                 

                
                  - 79 -

                  
                    

                

                (a)       the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party
                  hereto that is an Affected Financial Institution; and

                 

                (b)          the effects of any Bail-in Action on any such liability, including, if applicable:

                 

                (i)          a reduction in full or in part or cancellation of any such liability;

                 

                (ii)        a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution, its parent entity, or a bridge
                  institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other
                  Loan Document; or

                 

                (iii)        the variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of the applicable Resolution Authority.

                 

                17.16    Amendment and Restatement; No Novation.  This Agreement constitutes an amendment and restatement of
                  the 2016 Credit Agreement effective from and after the Closing Date.  The execution and delivery of this Agreement shall not constitute a novation of any indebtedness or other obligations owing to any Secured Party under the 2016 Credit
                  Agreement or the other “Loan Documents” (as defined in the 2016 Credit Agreement) or be deemed to be a repayment of all or any portion of such indebtedness or obligations.  On the Closing Date, (a) the credit facilities described in the
                  2016 Credit Agreement shall be amended and supplemented by the credit facilities described herein, (b) all “Loans,” “Letters of Credit,” and other obligations of the “Borrowers” and “Loan Parties” (in each case as defined in the 2016
                  Credit Agreement) outstanding as of such date under the 2016 Credit Agreement shall be deemed to be Loans, Letters of Credit, and other obligations of the Borrowers and Loan Parties outstanding under the corresponding facilities described
                  herein, and (c) any reference to the 2016 Credit Agreement in any Loan Document shall be a reference to this Agreement.  Unless otherwise provided in this Agreement or in any other Loan Document, any fees and interest accrued under the
                  2016 Credit Agreement shall accrue up to (but not including) the Closing Date at the rates and in the manner provided in the 2016 Credit Agreement but shall be due and payable at the times and in the manner provided under this Agreement. 
                  All costs and expenses which were due and owing under the 2016 Credit Agreement and related Loan Documents shall continue to be due and owing under, and shall be due and payable in accordance with, this Agreement.

                 

                17.17     Currency Indemnity.  If, for the purposes of obtaining judgment in
                  any court in any jurisdiction with respect to this Agreement or any of the other Loan Documents, it becomes necessary to convert into the currency of such jurisdiction (the “Judgment Currency”) any amount due under this Agreement or under
                  any of the other Loan Documents in any currency other than the Judgment Currency (the “Currency Due”), then conversion shall be made at the exchange rate at which Administrative Agent is able, on the relevant date, to purchase the
                  Currency Due with the Judgment Currency at the spot selling rate on the Business Day before the day on which judgment is given.  In the event that there is a change in the rate of exchange rate prevailing between the Business Day before
                  the day on which the judgment is given and the date of receipt by Administrative Agent of the amount due, the applicable Borrowers will, on the date of receipt by Administrative Agent, pay such additional amounts, if any, as may be
                  necessary to ensure that the amount received by Administrative Agent on such date is the amount in the Judgment Currency which when converted at the rate of exchange prevailing on the date of receipt by Administrative Agent is the amount
                  then due under this Agreement or such other of the Loan Documents in the Currency Due.  If the amount of the Currency Due which Administrative Agent is able to purchase is less than the amount of the Currency Due originally due to it, the
                  applicable Loan Parties shall indemnify and save Administrative Agent harmless from and against loss arising as a result of such deficiency.  The indemnity contained herein shall constitute an obligation separate and independent from the
                  other obligations contained in this Agreement and the other Loan Documents, shall give rise to a separate and independent cause of action, shall apply irrespective of any indulgence granted by Administrative Agent from time to time and
                  shall continue in full force and effect notwithstanding any judgment or order for a liquidated sum in respect of an amount due under this Agreement or any of the other Loan Documents or under any judgment or order.

                 

                
                  - 80 -

                  
                    

                

                17.18       Acknowledgement Regarding Any Supported QFCs.  To the extent that the Loan Documents provide
                  support, through a guarantee or otherwise, for Hedge Agreements or any other agreement or instrument that is a QFC (such support, “QFC Credit Support” and each such QFC a “Supported QFC”), the parties acknowledge and agree
                  as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the
                  regulations promulgated thereunder, the “U.S. Special Resolution Regimes”), in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC
                  may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States). In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”)

                  becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit
                  Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the
                  Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States.  In the event a Covered Party or a BHC Act Affiliate of a
                  Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such
                  Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United
                  States or a state of the United States.  Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party
                  with respect to a Supported QFC or any QFC Credit Support.

                 

                [Signature pages to follow.]

                 

                
                  - 81 -

                  
                    

                

                IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and delivered as of the date first above written.

                 

                	
                        BORROWERS:

                      	 	
                        THRYV, INC.,

                      	 
	 	 	 	 
	 	 	
                        a Delaware corporation

                      	 
	 	 	 	 
	 	
                        By:

                      	

                      	

                      
	 	 	
                        Name:

                      	 
	 	 	
                        Title:

                      	 

                

                

                
                  
                    

                

                	
                        GUARANTORS:

                      	 	
                        THRYV HOLDINGS, INC.,

                      	 
	 	 	 	 
	 	 	
                        a Delaware corporation

                      	 
	 	 	 	 
	 	
                        By:

                      	

                      	

                      
	 	 	
                        Name:

                      	 
	 	 	
                        Title:

                      	 

                

                

                	 	 	
                        THRYV INTERNATIONAL HOLDING, LLC,

                      	 
	 	 	 	 
	 	 	
                        a Delaware limited liability company

                      	 
	 	 	 	 
	 	
                        By:

                      	 	 
	 	 	
                        Name:

                      	 
	 	
                        Title:

                      	 	 
	 	 	 	 

                

                

                
                  
                    

                

                	 	
                        WELLS FARGO BANK, NATIONAL ASSOCIATION,

                        a national banking association, as Administrative Agent, as Joint Lead Arranger, as Joint Book Runner, as Co-Collateral Agent, as a Lender and as Australian Security Trustee

                      	 
	 	 	 
	 	
                        By:

                      	

                      	 
	 	 	
                        Name:

                      	 
	 	 	
                        Title:

                      	 

                

                

                
                  
                    

                

                	 	
                        PNC BANK, NATIONAL ASSOCIATION,

                        a national banking association, as Joint Lead Arranger, Joint Bookrunner, Syndication Agent, Co-Collateral Agent and as a Lender

                      	 
	 	 	 
	 	 	 	 
	 	
                        By:

                      	

                      	 
	 	 	
                        Name:

                      	 
	 	 	
                        Title:

                      	 

                

                

                
                  
                    

                

                	 	 	
                        CIT BANK, N.A.,

                        a national banking association, as a Lender

                      	 
	 	 	 	 
	 	
                        By:

                      	 	 
	 	 	
                        Name:

                      	 
	 	 	
                        Title:

                      	 

                

                

                
                  
                    

                

                Schedule 1.1

                to Credit Agreement

                 

                As used in the Agreement, the following terms shall have the following definitions:

                 

                “ABL Priority Collateral” has the meaning specified therefor in the Intercreditor Agreement.

                 

                “Account” means an account (as that term is defined in the Code) and all Credit Card Accounts and all rights to payment, including those arising in connection with bank and
                  non-bank credit cards.

                 

                “Account Debtor” means any Person who is obligated on an Account, chattel paper, or a general intangible, including any Credit Card Issuer or Credit Card Processor.

                 

                “Accounting Changes” means 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 successor thereto or any agency with similar functions).

                 

                “Acquired EBITDA” means, with respect to any Person or business acquired pursuant to an Acquisition for any period, the amount for such period of Consolidated EBITDA of any such
                  Person or business so acquired (determined using such definitions as if references to Parent and its Subsidiaries therein were to such Person or business), as calculated by the Borrower in good faith and which shall be factually supported
                  by historical financial statements or a quality of earnings report prepared by an independent third party accounting firm that is reasonably acceptable to the Administrative Agent; provided, that, notwithstanding the foregoing to
                  the contrary, in determining Acquired EBITDA for any Person or business that does not have historical financial accounting periods which coincide with that of the financial accounting periods of Parent and its Subsidiaries (a) references
                  to Reference Period in any applicable definitions shall be deemed to mean the same relevant period as the applicable period of determination for Parent and its Subsidiaries and (b) to the
                  extent the commencement of any such Reference Period shall occur during a fiscal quarter of such acquired Person or business (such that only a portion of such fiscal quarter shall be included in such Reference Period), Acquired EBITDA for
                  the portion of such fiscal quarter so included in such Reference Period shall be deemed to be an amount equal to (x) Acquired EBITDA otherwise attributable to the entire fiscal quarter (determined in a manner consistent with the terms set
                  forth above) multiplied by (y) a fraction, the numerator of which shall be the number of months of such fiscal quarter included in the relevant Reference Period and the denominator of which shall be actual months in such fiscal quarter.

                 

                “Acquisition” means (a) the purchase or other acquisition by a Person or its Subsidiaries of all or substantially all of the assets of (or any division or business line of) any
                  other Person, or (b) the purchase or other acquisition (whether by means of a merger, consolidation, or otherwise) by a Person or its Subsidiaries of all or substantially all of the Equity Interests of
                    any other Person.

                 

                “Additional Documents” has the meaning specified therefor in Section 5.12 of the Agreement.

                 

                “Administrative Agent” has the meaning specified therefor in the preamble to the Agreement.

                 

                
                  
                    

                

                
                “Administrative Agent’s Account” means the Deposit Account of Administrative Agent identified on Schedule A-1 to this Agreement (or such other Deposit Account of
                  Administrative Agent that has been designated as such, in writing, by Administrative Agent to Borrowers and the Lenders).

                 

                “Administrative Borrower” has the meaning specified therefor in Section 17.14 of the Agreement.

                 

                “Administrative Questionnaire” has the meaning specified therefor in Section 13.1(a) of the Agreement.

                 

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

                 

                “Affected Lender” has the meaning specified therefor in Section 2.13(b) of the Agreement.

                 

                “Affiliate” means, as applied to any Person, any other Person who controls, is controlled by, or is under common control with, such Person.  For purposes of this definition,
                  “control” means the possession, directly or indirectly through one or more intermediaries, of the power to direct or cause the direction of the management and policies of a Person, whether through the ownership of Equity Interests, by
                  contract, or otherwise; provided, that, for purposes of the definition of Eligible Accounts and Section 6.10 of the Agreement: (a) any Person which owns directly or indirectly 10% or more of the Equity Interests having
                  ordinary voting power for the election of directors or other members of the governing body of a Person or 10% or more of the partnership or other ownership interests of a Person (other than as a limited partner of such Person) shall be
                  deemed an Affiliate of such Person, (b) each director (or comparable manager) of a Person shall be deemed to be an Affiliate of such Person, and (c) each partnership in which a Person is a general partner shall be deemed an Affiliate of
                  such Person.

                 

                “Agent’s Liens” means the Liens granted by each Loan Party and their Subsidiaries to Administrative Agent (including Australian Security Trustee) under the Loan Documents and
                  securing the Obligations.

                 

                “Agent-Related Persons” means Administrative Agent, either Co-Collateral Agent, and their respective officers, directors, employees, attorneys, and agents.

                 

                “Agreed Currencies” means US Dollars and Australian Dollars.

                 

                “Agreement” means the Credit Agreement to which this Schedule 1.1 is attached.

                 

                “Alpha Accounts” means Accounts due from AT&T or any of its Affiliates (other than any Loan Party or its Subsidiaries) from the sale of Accounts by any Loan Party to AT&T
                  or any of its Affiliates (other than any Loan Party or its Subsidiaries) pursuant to the terms of the Billing and Collection Agreement.

                

                

                “Anti-Corruption Laws” means the FCPA, the U.K. Bribery Act of 2010, as amended, and all other applicable laws and regulations or ordinances concerning or relating to bribery,
                  money laundering or corruption in any jurisdiction in which any Loan Party or any of its Subsidiaries or Affiliates is located or is doing business.

                

                

                “Anti-Money Laundering Laws” means the applicable laws or regulations in any jurisdiction in which any Loan Party or any of its Subsidiaries or Affiliates is located or is doing
                  business that relates to money laundering, any predicate crime to money laundering, or any financial record keeping and reporting requirements related thereto.

                 

                

                
                  - 2 -

                  
                    

                

                “Applicable Margin” means, as of any date of determination (a) with respect to Base Rate Loans, two percent (2.00%) and (b) with respect to LIBOR Rate Loans and Australian Bill
                  Rate Loans, three percent (3.00%).

                 

                “Applicable Unused Line Fee Percentage” means 0.375%.

                 

                “Application Event” means the occurrence of (a) a failure by Borrowers to repay all of the Obligations in full on the Maturity Date, or (b) an Event of Default and the election by
                  Administrative Agent or the Required Lenders to require that payments and proceeds of Collateral be applied pursuant to Section 2.4(b)(iii) of the Agreement.

                 

                “ASIC” means the Australian Securities and Investments Commission.

                 

                “Assignee” has the meaning specified therefor in Section 13.1(a) of the Agreement.

                 

                “Assignment and Acceptance” means an Assignment and Acceptance Agreement substantially in the form of Exhibit A to the Agreement.

                 

                “AT&T” means AT&T Inc.

                 

                “Attributable Debt” means, on any date, in respect of any lease of Parent or any Subsidiary entered into as part of a sale and leaseback transaction subject to Section 6.4(b),
                  (a) if such lease is a Capitalized Lease Obligation, the capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP and (b) if such lease is not a Capitalized Lease
                  Obligation, the capitalized amount of the remaining lease payments under such lease that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP if such lease were accounted for as a Capitalized
                  Lease Obligation.

                 

                “Australia” means the Commonwealth of Australia.

                 

                “Australian Availability” means, as of any date of determination, the amount that Australian Borrowers are entitled to borrow as Australian Revolving Loans under Section 2.1
                  of the Agreement (after giving effect to the then outstanding Australian Revolver Usage).

                 

                “Australian Bill Rate” means, for any day, the rate per annum for the Australian Bank Bill Swap Rate as administered by ASX Benchmarks Pty Limited (or any other Person that takes
                  over the administration of such rate) for a tenor equal to three (3) months displayed on page BBSY of the Thomson Reuters screen (the “Australian Bill Rate Screen Rate”) (or, in the event such rate does not appear on a Thomson
                  Reuters page or screen, on any successor or substitute page on such screen or service 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 and applied generally by the Administrative Agent to other credit facilities for which it acts as administrative agent for purposes of determining such rate) at or about 11:00am (Sydney,
                  Australia time) (or such other time at which such rate customarily appears on that page, including if corrected, as recalculated and republished by the relevant administrator) on any relevant day (and, if such rate is below zero, the
                  Australian Bill Rate shall be deemed to be zero).  When interest is determined in relation to Australian Bill Rate, each change in the interest rate will become effective each Business Day that Administrative Agent determines that the
                  Australian Bill Rate has changed.

                 

                
                  - 3 -

                  
                    

                

                “Australian Bill Rate Loan” means a Revolving Loan denominated in Australian Dollars that bears interest at a rate determined by reference to the Australian Bill Rate.

                 

                “Australian Bill Rate Screen Rate” has the meaning specified in the definition of “Australian Bill Rate”.

                 

                “Australian Borrower” and “Australian Borrowers” have the respective meanings specified therefor in the preamble to the Agreement.

                 

                “Australian Borrowing Base” means, as of any date of determination, as to Australian Borrowers, the result of:

                 

                (a)          the sum of

                 

                (i)          85% of the amount of Eligible Billed Accounts of such Australian Borrowers, plus

                 

                (ii)          65% of the amount of Eligible Installment Accounts of such Australian Borrowers, plus

                 

                (iii)          85% of the amount of Eligible Credit Card Accounts of such Australian Borrowers, plus

                 

                (iv)          85% of the amount of Eligible Telstra Accounts, minus

                 

                (b)          without duplication of any reserves established under the US Borrowing Base, the aggregate amount of reserves, if any, established by Administrative Agent under Section
                    2.1(c) of the Agreement.

                 

                Notwithstanding anything to the contrary set forth in the Agreement, (A) the amount of the Australian Borrowing Base shall be deemed to be zero dollars ($0) at all times until the
                  occurrence of each of the following: (1) the Australian Joinder Effective Date with respect to Thryv Ausco and each of the Australian Sunshine Entities, (2) the Administrative Agent has received evidence, in form and substance
                  satisfactory to Administrative Agent, that the Australian Security Trustee has a first priority Lien in the Collateral (except to the extent of Permitted Liens which by operation of law or pursuant to the express terms of the Loan
                  Documents would have priority over the Liens securing the Obligations, permitted purchase money Liens, or the interests of lessors under Capital Leases and subject to the Intercreditor Agreement) of Thryv Ausco and each of the Australian
                  Sunshine Entities and (3) Co-Collateral Agents have completed an appraisal and field examination with respect to the Accounts of the Australian Borrowers, in each case, reasonably satisfactory to Co-Collateral Agents and (4) Lenders shall
                  have received all documentation and other information that is requested by and satisfactory to such Lenders in connection with Thryv Ausco and each of the Australian Sunshine Entities for purposes of complying with all necessary “know
                  your customer” and applicable anti-money laundering rules and regulations, including, without limitation, the PATRIOT Act, and (B) in no event shall the sum of clause (a)(ii) above plus clause (a)(ii) of the
                  definition of US Borrowing Base exceed seventy-five percent (75%) of the Maximum Revolver Amount.

                 

                “Australian Corporations Act” means the Corporations Act 2001 (Cth) of Australia.

                 

                “Australian Dollars” or “AUS$” means the lawful currency of Australia.

                 

                
                  - 4 -

                  
                    

                

                “Australian Excess Availability” means, as of any date of determination, the amount equal to Australian Availability minus the aggregate
                  amount, if any, of all trade payables of Australian Borrowers and their Subsidiaries aged in excess of 60 days past their due date.

                 

                “Australian Featherweight Security Deed” means the featherweight security deed to be entered on or about the Australian Joinder Effective Date between Thryv Ausco, each Australian
                  Sunshine Entity and the Australian Security Trustee, in form and substance reasonably satisfactory to the Administrative Agent.

                 

                “Australian General Security Deed” means the general security deed to be entered on or about the Australian Joinder Effective Date between Thryv Ausco, each Australian Sunshine
                  Entity and the Australian Security Trustee, in form and substance reasonably satisfactory to Administrative Agent.

                 

                “Australian Guarantors” means collectively (together with their respective successors and assigns), any Person incorporated under the laws of Australia that at any time after the
                  Fifth Amendment Effective Date becomes an Australian Guarantor (including Thryv Ausco and the Australian Sunshine Entities effective as of the Australian Joinder Effective Date), and “Australian Guarantor” means any one of them.

                 

                “Australian IWT” means any Taxes required to be withheld or deducted from any interest payment under Division 11A of Part III of the Australian Tax Act or Subdivision 12-F of
                  Schedule 1 to the Taxation Administration Act 1953 (Cth).

                 

                “Australian Joinder Effective Date” has the meaning specified therefor in Section 5.16 of the Agreement.

                 

                “Australian Loan Account” has the meaning specified therefor in Section 2.9 of the Agreement.

                 

                “Australian Loan Party” means any Australian Borrower or Australian Guarantor.

                 

                “Australian Obligations” means all Obligations of the Australian Loan Parties.

                 

                “Australian Pension Plan” means a superannuation, retirement benefit or pension fund (whether established by deed or under any statute of Australia or any state or territory of
                  Australia) contributed to by, or to which there is or may be an obligation to contribute by, any Loan Party in respect of its Australian employees and officers or former employees and officers.

                 

                “Australian PPSA” means the Personal Property Securities Act 2009 (Cth) of Australia.

                 

                “Australian Priority Payables Reserves” means, solely with respect to the Australian Borrowing Base, those reserves that Co-Collateral Agents deems necessary or appropriate, in
                  their Permitted Discretion and subject to Section 2.1(c) with respect to amounts secured by any Liens, choate or inchoate, or with respect to any rights, whether imposed by applicable law in Australia or elsewhere (and including rights to
                  the payment or reimbursement of any costs, charges or other amounts in connection with any insolvency proceeding), which rank or are capable of ranking in priority to (or pari passu) the Liens on the Collateral in favor of Administrative
                  Agent or the Australian Security Trustee including, without limitation, to the extent applicable by operation of law, any such amounts due or which may become due and not paid for wages, long service leave, retrenchment, payment in lieu
                  of notice, or vacation pay (including in all respects amounts protected by or payable pursuant to the Fair Work Act 2009 (Cth)) of Australia, any preferential claims as set out in the Australian Corporations Act, amounts due or which may
                  become due and not paid under any legislation relating to workers’ compensation or to employment insurance, all amounts deducted or withheld and not paid and remitted when due under the Taxation Administration Act 1953 (Cth) (but
                  excluding Pay as You Go income withholding tax) and amounts in the future, currently or past due and not contributed, remitted or paid in respect of any Australian Pension Plan, together with any charges which may be levied by a
                  Governmental Authority as a result of any default in payment obligations in respect of any Australian Pension Plan.

                 

                
                  - 5 -

                  
                    

                

                “Australian Revolver Usage” means, as of any date of determination, the amount of outstanding Australian Revolving Loans.

                 

                “Australian Revolving Loans” has the meaning specified therefor in Section 2.1(a) of the Agreement.

                 

                “Australian Security Agreements” means (a) the Australian General Security Deed, (b) the Australian Featherweight Security Deed, (c) the Australian Specific Security Deed and (d)
                  any other security document executed subsequent to the Fifth Amendment Effective Date by any Australian Loan Party to secure the Obligations, in each case, together with all extensions, renewals, amendments, supplements, modifications,
                  substitutions and replacements thereto and thereof.

                 

                “Australian Security Documents” means each Australian Security Agreement, together with all agreements, instruments, licenses, registrations, filings, authorizations, title deeds
                  or other incidental, collateral or supplementary documents executed, prepared and/or delivered in connection with the Collateral or an Australian Security Agreement.

                 

                “Australian Security Trust Deed” means the security trust deed to be entered into on or about the Australian Joinder Effective Date, executed by, among others, TIH, Thryv Ausco,
                  each Australian Sunshine Entity and the Australian Security Trustee.

                 

                “Australian Security Trustee” shall have the meaning set forth in the preamble to this Agreement and shall include its successors and assigns.

                 

                “Australian Specific Security Deed” means the specific security deed (marketable securities), to be entered on or about the Australian Joinder Effective Date, executed by TIH in
                  favor of the Australian Security Trustee, in form and substance reasonably satisfactory to the Administrative Agent.

                 

                “Australian Subsidiary” means a Subsidiary that is organized or incorporated under the laws of Australia.

                 

                “Australian Sunshine Entities” means each of (a) the Sunshine SPV, (b) the Sunshine Target, (c) Project Sunshine II Pty Limited ACN 167 275 890, (d) Project Sunshine III Pty
                  Limited ACN 167 276 066, (e) Project Sunshine IV Pty Limited ACN 167 276 226, (f) Sensis Pty Ltd ACN 007 423 912, (g) Sensis Holdings Pty Ltd ACN 090 894 769, (h) Citysearch Australia Pty. Ltd. ACN 076 673 857, (i) Australian Local Search
                  Pty Limited ACN 109 826 351, and (j) Life Events Media Pty Limited ACN 118 014 298.

                 

                “Australian Tax Act” shall mean the Income Tax Assessment Act 1936 (Cth) of Australia.

                 

                “Australian Tax Consolidated Group” shall mean a “consolidated group” or an “MEC group” as defined in the Australian Tax Act.

                 

                
                  - 6 -

                  
                    

                

                “Australian TFA” means any tax funding agreement for Australian tax consolidation purposes.

                 

                “Australian TSA” means an agreement between the members of an Australian Tax Consolidated Group which takes effect as a tax sharing agreement under section 721-25 of the applicable
                  Australian Tax Act and complies with the applicable Australian Tax Act and any applicable law, official directive, request, guideline or policy (whether or not having the force of law) issued in connection with the applicable Australian
                  Tax Act.

                 

                “Australian Whitewash Documents” means all documents (including all resolutions, notices of meeting, explanatory statements and forms) that are required to be lodged with ASIC in
                  connection with the Australian Whitewash Transaction.

                 

                “Australian Whitewash Transaction” means the transaction by which Thryv Ausco and each Australian Sunshine Entity, among others: (i) passes all resolutions that are required to
                  be passed in accordance with section 260B of the Australian Corporations Act to approve the giving of financial assistance in connection with the entry into and performance of obligations under each Loan Document to which it is proposed
                  to be a party within the required time periods; and (ii) lodges all its relevant Australian Whitewash Documents with ASIC in accordance with section 260B of the Australian Corporations Act.

                 

                “Authorized Person” means any one of the individuals identified on Schedule A-2 to the Agreement, as such schedule is updated from time to time by written notice from
                  Borrowers to Administrative Agent.

                 

                “Available Currency” means with respect to (a) Revolving Loans to be made to (and Letters of Credit issued for the account of) US Borrower, US Dollars, (b)
                  Revolving Loans to be made to Australian Borrowers, US Dollars and Australian Dollars, and (c) with respect to Eligible Accounts, US Dollars and Australian Dollars, as applicable.

                 

                “Available Tenor” means, as of any date of determination and with respect to any then-current Benchmark, as applicable, (a) if such Benchmark is a term rate, any tenor for such
                  Benchmark or (b) otherwise, any payment period for interest calculated with reference to such Benchmark, as applicable, that is or may be used for determining the length of an Interest Period pursuant to this Agreement as of such date and
                  not including, for the avoidance of doubt, any tenor for such Benchmark that is then-removed from the definition of “Interest Period” pursuant to Section 2.12(d).

                 

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

                 

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

                 

                
                  - 7 -

                  
                    

                

                “Bank Product” means any one or more of the following financial products or accommodations extended to a Loan Party or any of their Subsidiaries by a Bank Product Provider:  (a)
                  credit cards (including commercial cards (including so-called “purchase cards”, “procurement cards” or “p-cards”)), (b) credit card processing services, (c) debit cards, (d) stored value cards, (e) Cash Management Services, or (f)
                  transactions under Hedge Agreements.

                 

                “Bank Product Agreements” means those agreements entered into from time to time by a Loan Party or any of their Subsidiaries with a Bank Product Provider in connection with the
                  obtaining of any of the Bank Products.

                 

                “Bank Product Collateralization” means providing cash collateral (pursuant to documentation reasonably satisfactory to Co-Collateral Agents) to be held by Administrative Agent for
                  the benefit of the Bank Product Providers (other than the Hedge Providers) in an amount determined by Administrative Agent in its reasonable discretion as sufficient to satisfy the reasonably estimated credit exposure with respect to the
                  then existing Bank Product Obligations (other than Hedge Obligations).

                 

                “Bank Product Obligations” means (a) all obligations, liabilities, reimbursement obligations, fees, or expenses owing by each Loan Party and its Subsidiaries to any Bank Product
                  Provider pursuant to or evidenced by a Bank Product Agreement and irrespective of whether for the payment of money, whether direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising, (b) all Hedge
                  Obligations, and (c) all amounts that Administrative Agent or any Lender is obligated to pay to a Bank Product Provider as a result of Administrative Agent or such Lender purchasing participations from, or executing guarantees or
                  indemnities or reimbursement obligations to, a Bank Product Provider with respect to the Bank Products provided by such Bank Product Provider to a Loan Party or one of its Subsidiaries.

                 

                “Bank Product Provider” means Wells Fargo or any of its Affiliates, including each of the foregoing in its capacity, if applicable, as a Hedge Provider.

                 

                “Bank Product Provider Agreement” means an agreement, in form and substance reasonably satisfactory to Administrative Agent, duly executed by the applicable Bank Product Provider,
                  Loan Party, and Administrative Agent.

                 

                “Bank Product Reserves” means, as of any date of determination, those reserves that the Co-Collateral Agents deems necessary or appropriate, in the exercise of
                  their Permitted Discretion, to establish based upon the Bank Product Providers’ determination of the liabilities and obligations of each Loan Party and its Subsidiaries in respect of Bank Product Obligations then provided or outstanding.

                 

                “Bankruptcy Code” means title 11 of the United States Code, as in effect from time to time.

                 

                “Base Rate” means the greatest of (a) the Federal Funds Rate plus 1⁄2%, (b) the LIBOR Rate plus one (1) percentage point, and (c) the rate of interest announced, from time to time,
                  within Wells Fargo at its principal office in San Francisco as its “prime rate”, with the understanding that the “prime rate” is one of Wells Fargo’s base rates (not necessarily the lowest of such rates) and serves as the basis upon which
                  effective rates of interest are calculated for those loans making reference thereto and is evidenced by the recording thereof after its announcement in such internal publications as Wells Fargo may designate (and, if any such announced
                  rate is below zero, then the rate determined pursuant to this clause (c) shall be deemed to be zero).

                 

                “Base Rate Loan” means each portion of the Revolving Loans that bears interest at a rate determined by reference to the Base Rate.

                 

                
                  - 8 -

                  
                    

                

                 “Benchmark” means, initially, with respect to (i) any Obligations, interest, fees, commissions or other amounts denominated in US Dollars or calculated with respect thereto, USD
                  LIBOR or (ii) any Obligations, interest, fees, commissions or other amounts denominated in Australian Dollars or calculated with respect thereto, Australian Bill Rate Screen Rate; provided that if a Benchmark Transition Event, a Term SOFR
                  Transition Event, or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date have occurred with respect to any such benchmark rate, then “Benchmark” with respect to Obligations, interest, fees, commissions or
                  other amounts denominated in such currency means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to Section 2.12(d)(i).

                 

                “Benchmark Replacement” means, for any Available Tenor,

                 

                (a)        with respect to any Benchmark Transition Event or Early Opt-in Election with respect to a then-current Benchmark, the first alternative set forth in the order below that can be
                  determined by the Administrative Agent for the applicable Benchmark Replacement Date; provided, that in the case of any LIBOR Rate Loan denominated in an Agreed Currency (other than US Dollars), “Benchmark Replacement” shall mean
                  the alternative set forth in clause (3) below:

                 

                (1)        the sum of: (A) Term SOFR and (B) the related Benchmark Replacement Adjustment; provided that, if Administrative Borrower has provided a notification to the
                  Administrative Agent in writing on or prior to such Benchmark Replacement Date that Administrative Borrower has a Hedge Agreement in place with respect to any of the Term Loans as of the date of such notice (which such notification the
                  Administrative Agent shall be entitled to rely upon and shall have no duty or obligation to ascertain the correctness or completeness of), then the Administrative Agent, in its sole discretion, may decide not to determine the Benchmark
                  Replacement pursuant to this clause (a)(1) for such Benchmark Transition Event or Early Opt-in Election, as applicable;

                 

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

                 

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

                 

                (b)        with respect to any Term SOFR Transition Event and a Benchmark with respect to any Obligations, interests fees, commissions or other amounts denominated in Dollars or
                  calculated with respect thereto, the sum of (i) Term SOFR and (ii) the related Benchmark Replacement Adjustment;

                 

                provided that, (i) in the case of clause (a)(1), if the Administrative Agent decides that Term SOFR is not administratively feasible for the Administrative Agent, then Term
                  SOFR will be deemed unable to be determined for purposes of this definition and (ii) in the case of clause (a)(1) or clause (b) of this definition, the applicable Unadjusted Benchmark Replacement is displayed on a screen
                  or other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion. If the Benchmark Replacement as determined pursuant to clause (a)(1), (a)(2) or
                  (a)(3) or clause (b) of this definition would be less than the Floor, the Benchmark Replacement will be deemed to be the Floor for the purposes of this Agreement and the other Loan Documents.

                 

                
                  - 9 -

                  
                    

                

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

                 

                (1)        for purposes of clauses (a)(1) and (a)(2) of the definition of “Benchmark Replacement,” the first alternative set forth in the order below that can be
                  determined by the Administrative Agent:

                 

                (c)         the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) as of the Reference Time such
                  Benchmark Replacement is first set for such interest period that has been selected or recommended by the Relevant Governmental Body for the replacement of such Available Tenor of such Benchmark with the applicable Unadjusted Benchmark
                  Replacement for the applicable Corresponding Tenor;

                 

                (d)         the spread adjustment (which may be a positive or negative value or zero) as of the Reference Time such Benchmark Replacement is first set for such interest period that would
                  apply to the fallback rate for a derivative transaction referencing the ISDA Definitions to be effective upon an index cessation event with respect to such Available Tenor of such Benchmark for the applicable Corresponding Tenor;

                 

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

                 

                (3)      for purposes of clause (b) of the definition of “Benchmark Replacement,” the spread adjustment, or method for calculating or determining such spread adjustment, (which
                  may be a positive or negative value or zero) as of the Reference Time such Benchmark Replacement is first set for such interest period that has been selected or recommended by the Relevant Governmental Body for the replacement of such
                  Available Tenor of USD LIBOR with a SOFR-based rate;

                 

                provided that, (x) in the case of clause (1) above, such adjustment is displayed on a screen or other information service that publishes such Benchmark Replacement
                  Adjustment from time to time as selected by the Administrative Agent in its reasonable discretion and (y) if such then-current Benchmark is a term rate, more than one tenor of such Benchmark is available as of the applicable Benchmark
                  Replacement Date and the applicable Unadjusted Benchmark Replacement that will replace such Benchmark in accordance with Section 2.12(d)(i) will not be a term rate, the Available Tenor of such Benchmark for purposes of this
                  definition of “Benchmark Replacement Adjustment” shall be deemed to be, with respect to each Unadjusted Benchmark Replacement having a payment period for interest calculated with reference thereto, the Available Tenor that has
                  approximately the same length (disregarding business day adjustments) as such payment period.

                 

                
                  - 10 -

                  
                    

                

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

                 

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

                 

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

                 

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

                 

                (c)        in the case of a Term SOFR Transition Event, the date that is thirty (30) days after the Administrative Agent has provided the Term SOFR Notice to the Lenders and the Borrower
                  pursuant to Section 2.12(d)(i)(B); or

                 

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

                 

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

                 

                “Benchmark Transition Event” means, with respect to any then-current Benchmark, the occurrence of one or more of the following events with
                  respect to such Benchmark:

                 

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

                 

                
                  - 11 -

                  
                    

                

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

                 

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

                 

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

                 

                “Benchmark Unavailability Period” means, with respect to any then-current Benchmark, the period (if any) (a) beginning at the time that a Benchmark Replacement Date pursuant to clauses

                    (a) or (b) of that definition has occurred if, at such time, no Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 2.12(d)
                  and (b) ending at the time that a Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 2.12(d).

                 

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

                 

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

                 

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

                 

                “Billing and Collection Agreement” means the Second Amended and Restated Agreement for AT&T Billing Solution Services, dated as of June 20, 2017, among YP LLC and Print Media
                  LLC, individually and collectively as the customer, and AT&T Services, Inc., on behalf of Pacific Bell Telephone Company d/b/a AT&T California, Nevada Bell Telephone Company d/b/a AT&T Nevada, Illinois Bell Telephone Company
                  d/b/a AT&T Illinois, Indiana Bell Telephone Company, Incorporated d/b/a AT&T Indiana, Michigan Bell Telephone Company d/b/a AT&T Michigan, The Ohio Bell Telephone Company d/b/a AT&T Ohio, Wisconsin Bell, Inc. d/b/a
                  AT&T Wisconsin, and/or BellSouth Telecommunications, Inc. d/b/a AT&T Alabama, AT&T Florida, AT&T Georgia, AT&T Kentucky, AT&T Louisiana, AT&T Mississippi, AT&T North Carolina, AT&T South Carolina and
                  AT&T Tennessee.

                 

                
                  - 12 -

                  
                    

                

                “Board of Directors” means, as to any Person, the board of directors (or comparable managers) of such Person, or any committee thereof duly authorized to act on behalf of the board
                  of directors (or comparable managers).

                 

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

                 

                “Borrower Materials” has the meaning specified therefor in Section 17.9(c) of the Agreement.

                 

                “Borrowers” means, collectively, US Borrowers and Australian Borrowers, and “Borrower” means any one of them.

                 

                “Borrowing” means a borrowing consisting of Revolving Loans made on the same day to the same Borrower or Borrowers in the same currency by the Lenders (or Administrative Agent on
                  behalf thereof), or by Swing Lender in the case of a Swing Loan, or by Administrative Agent in the case of an Extraordinary Advance.

                 

                “Borrowing Base” means the Australian Borrowing Base and the US Borrowing Base, individually or collectively, as the context requires.

                 

                “Borrowing Base Certificate” means a certificate in the form of Exhibit B. 

                 

                “Business Day” means any day that is not a Saturday, Sunday, or other day on which banks are authorized or required to close in the state of New York, except that, if a
                  determination of a Business Day shall relate to a LIBOR Rate Loan or Australian Bill Rate Loan, the term “Business Day” also shall exclude any day on which banks are closed for dealings in deposits in the applicable Available Currency.

                 

                “Capital Expenditures” means, for any period, without duplication, the additions to property, plant and equipment and other capital expenditures of Parent and its consolidated
                  Subsidiaries for such period, determined in accordance with GAAP.

                 

                “Capital Lease” means a lease that is required to be capitalized for financial reporting purposes in accordance with GAAP.

                 

                “Capitalized Lease Obligation” means that portion of the obligations under a Capital Lease that is required to be capitalized in accordance with GAAP.

                 

                “Cash Dominion Trigger Period” means the period (a) commencing on the day that (i) an Event of Default occurs and is continuing or (ii) Total Excess Availability is less than or
                  equal to the lesser of (A) twelve and one-half percent (12.5%) of the Maximum Revolver Amount at such time or (B) twelve and one-half percent (12.5%) of the Total Borrowing Base at such time and (b) continuing until the date that during
                  the previous ninety (90) consecutive days, (i) no Event of Default has existed or (ii) Total Excess Availability has been greater than the lesser of (A) twelve and one-half percent (12.5%) of the Maximum Revolver Amount at such time or
                  (B) twelve and one-half percent (12.5%) of the Total Borrowing Base at such time; provided, however, that the Cash Dominion Trigger Period may not be cured as contemplated by clause (b) more than two (2) times in any
                  fiscal year or five (5) times during the term of this Agreement; provided, further, that up to two and one-half percent (2.50%) of suppressed Total Availability (that is, the amount by which the Total Borrowing Base
                  exceeds the Maximum Revolver Amount) may be used in calculating Total Excess Availability for purposes of this definition.

                 

                
                  - 13 -

                  
                    

                

                “Cash Equivalents” means:

                 

                (a)          direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United States of America (or by any agency thereof to the
                  extent such obligations are backed by the full faith and credit of the United States of America), in each case, maturing or allowing for liquidation at the original par value at the option of the holder within one year from the date of
                  acquisition thereof;

                 

                (b)          investments in commercial paper (other than commercial paper issued by Parent or any of its Affiliates) maturing within 270 days from the date of acquisition thereof and
                  having, at such date of acquisition, the highest credit rating obtainable from S&P or from Moody’s;

                 

                (c)          investments in certificates of deposit, banker’s acceptances, time deposits or overnight bank deposits maturing within 180 days from the date of acquisition thereof issued or
                  guaranteed by or placed with, and money market deposit accounts issued or offered by, any domestic office of any commercial bank organized under the laws of the United States of America or any State thereof which has a combined capital
                  and surplus and undivided profits of not less than $500,000,000, and having a debt rating of “A-1” or better from S&P or “P-1” or better from Moody’s;

                 

                (d)          fully collateralized repurchase agreements with a term of not more than 30 days for securities described in clause (a) above and entered into with a financial institution
                  satisfying the criteria described in clause (c) above; and

                 

                (e)          money market funds that (i) comply with the criteria set forth in Securities and Exchange Commission Rule 2a-7 under the Investment Company Act of 1940, (ii) are rated AAA by
                  S&P and Aaa by Moody’s and (iii) have portfolio assets of at least $5,000,000,000.

                 

                “Cash Management Services” means any cash management or related services including treasury, depository, return items, overdraft, controlled disbursement,  merchant store value
                  cards, e-payables services, electronic funds transfer, interstate depository network, automatic clearing house transfer (including the Automated Clearing House processing of electronic funds transfers through the direct Federal Reserve
                  Fedline system) and other cash management arrangements.

                 

                “CFC” means a Foreign Subsidiary (other than the Sunshine Entities) that is a “controlled foreign corporation” under Section 957 of the
                  Code and any Subsidiary owned directly or indirectly by such Foreign Subsidiary.

                 

                “CFC Holdco” means a Subsidiary substantially all the assets of which consist of Equity Interests in Foreign Subsidiaries that each constitute a CFC and/or Indebtedness or accounts
                  receivable owed by Foreign Subsidiaries that each constitute a CFC or are treated as owed by any such Foreign Subsidiaries for U.S. federal income tax purposes.

                 

                “Change in Law” means the occurrence after the date of the Agreement of:  (a) the adoption or effectiveness of any law, rule, regulation, judicial ruling, judgment or treaty, (b)
                  any change in any law, rule, regulation, judicial ruling, judgment or treaty or in the administration, interpretation, implementation or application by any Governmental Authority of any law, rule, regulation, guideline or treaty, or (c)
                  the making or issuance by any Governmental Authority of any request, rule, guideline or directive, whether or not having the force of law; provided that notwithstanding anything in the Agreement to the contrary, (i) the Dodd-Frank Wall
                  Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or directives concerning capital adequacy 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 shall, in each case, be deemed to be a “Change in Law,”
                  regardless of the date enacted, adopted or issued.

                 

                
                  - 14 -

                  
                    

                

                “Change of Control” means that:

                 

                (a)        at any time, Parent shall fail to own or control, directly or indirectly, one hundred percent (100%) of the Equity Interests of Thryv entitled to vote in the election of
                  members of the board of directors (or equivalent governing body) of Thryv;

                 

                (b)         at any time, Thryv shall fail to own or control, directly or indirectly, one hundred percent (100%) of the Equity Interests of each other Loan Party (other than (i) Parent and
                  (ii) in connection with any transaction involving any such Loan Party expressly permitted under Section 6.3 or Section 6.4 of this Agreement that would result in such Loan Party no longer existing or the Equity Interests
                  of such Loan Party no longer being, directly or indirectly, owned or controlled 100% by Thryv) entitled to vote in the election of members of the board of directors (or equivalent governing body) of each such Loan Party;

                 

                (c)         any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Exchange Act, but excluding any employee benefit plan of such person or its
                  Subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan) other than the Permitted Holders becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5
                  under the Exchange Act, except that a “person” or “group” shall be deemed to have “beneficial ownership” of all Equity Interests that such “person” or “group” has the right to acquire, whether such right is exercisable immediately or only
                  after the passage of time (such right, an “option right”)), directly or indirectly, of the Equity Interests entitled to vote for members of the board of directors (or equivalent governing body) of Parent on a fully diluted basis (and
                  taking into account all such securities that such “person” or “group” has the right to acquire pursuant to any option right) representing more than 40% of the total voting power of all of the outstanding Equity Interests of Parent; or

                 

                (d)          the occurrence of a change in control, or other similar provision, as defined in the Term Loan Credit Agreement or any agreement or instrument evidencing any other
                  Indebtedness or Equity Interests in excess of $25,000,000 obligating Parent or any of its Subsidiaries to repurchase, redeem or repay all or any part of the Indebtedness or Equity Interests provided for therein.

                 

                “Chapter 11 Cases” means the bankruptcy cases commenced by Parent and its Subsidiaries in the United States Bankruptcy Court for the District of Delaware on May 17, 2016 by filing
                  voluntary petitions under chapter 11 of the Bankruptcy Code.

                 

                “Closing Date” means the date of the making of the initial Revolving Loan (or other extension of credit) under the Agreement.

                 

                “Co-Collateral Agents” has the meaning set forth in the preamble to the Agreement.

                 

                “Code” means the New York Uniform Commercial Code, as in effect from time to time.

                 

                “Collateral” means all assets and interests in assets and proceeds thereof now owned or hereafter acquired by any Borrower or its Subsidiaries in or upon which a Lien is granted by
                  such Person in favor of Administrative Agent, the Australian Security Trustee or any other Secured Party under any of the Loan Documents.

                 

                
                  - 15 -

                  
                    

                

                “Collateral Access Agreement” means a landlord waiver, bailee letter, or acknowledgement agreement of any lessor, warehouseman, processor, consignee, or other Person in possession
                  of, having a Lien upon, or having rights or interests in any Borrower’s or its Subsidiaries’ books and records, in each case, in form and substance reasonably satisfactory to Co-Collateral Agents.

                 

                “Collateral and Guarantee Requirement” means the requirement that:

                 

                (a)        Administrative Agent shall have received (i) from each US Loan Party either (A) a counterpart of the Guaranty and Security Agreement and the Intercreditor Agreement duly
                  executed and delivered on behalf of such Loan Party or (B) in the case of any of its Subsidiaries that becomes a US Loan Party after the Closing Date, a supplement to the Guaranty and Security Agreement and Intercreditor Agreement, in the
                  form specified therein, duly executed and delivered on behalf of such Subsidiary, (ii) from each Australian Loan Party, either (A) the documentation set forth in Section 5.16 and/or (B) in the case of any Australian Subsidiary
                  that becomes an Australian Loan Party after the Fifth Amendment Effective Date, such supplements thereto as the Administrative Agent may reasonably require and (iii) in the case of any Subsidiary that has been designated as a
                  Discretionary Guarantor in accordance with the definition thereof, (A) in the case of an Australian Subsidiary, the documents described in clause (ii) above or (B) in the case of any other Foreign Subsidiary (other than an
                  Australian Subsidiary), such documentation as Administrative Agent may reasonably require;

                 

                (b)        all outstanding Equity Interests of each Subsidiary of Parent shall have been pledged pursuant to the Guaranty and Security Agreement (except that Parent and each other Loan
                  Party shall not be required to pledge more than 65% of the outstanding voting Equity Interests of any first-tier Foreign Subsidiary or any Equity Interests of a Foreign Subsidiary that is not directly owned by a Loan Party) and
                  Administrative Agent shall have received all certificates or other instruments representing such Equity Interests, together with stock powers or other instruments of transfer with respect thereto endorsed in blank; provided, that,
                  notwithstanding the foregoing, no later than the earlier of (i) 90 days after the Fifth Amendment Effective Date and (ii) the date that such items are pledged to the Term Loan Agent pursuant to the Term Loan Documents (or such later date
                  as the Administrative Agent may agree), all outstanding Equity Interests of Thryv Ausco and the Australian Sunshine Entities shall have been pledged pursuant to the Australian Specific Security Deed and the Australian General Security
                  Deed and the Administrative Agent shall have received all certificates or other instruments representing such Equity Interests, together with stock powers or other instruments of transfer with respect thereto endorsed in blank;

                 

                (c)         all documents and instruments, including Uniform Commercial Code financing statements, required by law or reasonably requested by Co-Collateral Agents or Required Lenders to
                  be filed, registered or recorded to create the Liens intended to be created by the Loan Documents and perfect such Liens to the extent required by, and with the priority required by, the Guaranty and Security Agreement, shall have been
                  filed, registered or recorded or delivered to Administrative Agent, for filing, registration or recording; and

                 

                (d)        each Loan Party shall have obtained all consents and approvals required to be obtained by it in connection with the execution and delivery of all Loan Documents (or supplements
                  thereto) to which it is a party, the performance of its obligations thereunder and the granting by it of the Liens thereunder.

                 

                “Commitment” means, with respect to each Lender, its Revolver Commitment, and, with respect to all Lenders, their Revolver Commitments, in each case as such Dollar amounts are set
                  forth beside such Lender’s name under the applicable heading on Schedule C-1 to the Agreement or in the Assignment and Acceptance pursuant to which such Lender became a Lender under the Agreement, as such amounts may be reduced or
                  increased from time to time pursuant to assignments made in accordance with the provisions of Section 13.1 of the Agreement.

                 

                
                  - 16 -

                  
                    

                

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

                 

                “Competitor” means any Person engaged (whether directly or indirectly through the control of any other person) other than through Parent and its Subsidiaries in the business of
                  providing yellow page services or other similar targeted advertising in North America; provided, that no potential assignee shall be deemed to be a Competitor on account of owning less than 10% (or, in the case of any Person that
                  was a Term Loan Lender (as defined in the Reorganization Plan) as of the petition date, 20%) of the outstanding shares of equity securities of a Competitor so long as such potential assignee does not have the right to appoint, and no
                  director, officer or employee of such potential assignee is, a director of such Competitor or any of its Subsidiaries.

                 

                “Compliance Certificate” means a certificate substantially in the form of Exhibit C to the Agreement delivered by the chief financial officer or principal accounting
                  officer of Administrative Borrower to Administrative Agent.

                 

                “Confidential Information” has the meaning specified therefor in Section 17.9(a) of the Agreement.

                 

                “Confirmation Order” means that certain order approving the Disclosure Statement and confirming the Reorganization Plan pursuant to the Bankruptcy Code entered by the bankruptcy
                  court on July 15, 2016.

                 

                “Consolidated EBITDA” means, for any period, Consolidated Net Income for such period plus

                 

                (a)       without duplication and (except in the case of clauses (a)(x) and (a)(v)(B) below) to the extent deducted in determining such Consolidated Net Income, the sum
                  of:

                 

                (i)          Consolidated Interest Expense for such period,

                 

                (ii)       Taxes paid or provisions for Taxes, in each case, measured by net income, profits or capital (or any similar measures), including federal and state and local
                  income Taxes, foreign income Taxes and franchise Taxes for such period,

                 

                (iii)       (A) depreciation and amortization for such period (including, without limitation, amortization of goodwill, software and other intangible assets) and (B)
                  other non-cash charges or expenses (including impairment charges, write-offs, write-downs and non-cash compensation charges arising from the granting of stock options, stock appreciation rights, profits interests and/or similar
                  arrangements),

                 

                (iv)      any non-recurring extraordinary charges or losses for such period (excluding losses from discontinued operations, but including any losses in connection with
                  any actual or prospective legal settlement, fine, judgment or order); provided that in any applicable Reference Period the sum of (A) the aggregate amount of Net Extraordinary Charges and Losses added back to Consolidated EBITDA
                  pursuant to this clause (a)(iv) in such Reference Period plus (B) the aggregate amount added back to Consolidated EBITDA pursuant to clauses (a)(v)(A) and (a)(v)(B) below in such Reference Period shall in no event exceed 15% of
                  Consolidated EBITDA for such Reference Period,

                 

                
                  - 17 -

                  
                    

                

                (v)          (A) other cash expenses or charges (including restructuring charges, attributable to the undertaking and/or implementation of new initiatives, business
                  optimization activities, cost savings initiatives, cost rationalization programs, operating expense reductions and/or synergies and/or similar initiatives and/or similar programs, including expenses incurred in connection with inventory
                  optimization programs, office or facility closure, relocation, headcount savings, product margin and integration savings, office or facility consolidations and openings, retention, severance, systems establishment costs, contract
                  termination costs and reconstruction, decommissioning, recommissioning or reconfiguration of fixed assets for alternative uses; provided that for any applicable Reference Period, the sum of (1) the aggregate amount of Net
                  Extraordinary Charges and Losses added back to Consolidated EBITDA pursuant to clause (a)(iv) above in such Reference Period, plus (2) the aggregate amount added back to Consolidated EBITDA pursuant to this clause (a)(v)(A) and
                  clause (a)(v)(B) below in such Reference Period shall in no event exceed 15% of Consolidated EBITDA for such Reference Period; and (B) the amount of any “run rate” synergies, operating expense reductions and other net cost savings and
                  integration costs, in each case, projected by Parent in connection with Permitted Acquisitions, Dispositions (including the termination or discontinuance of activities constituting such business) and/or other operating improvement,
                  restructuring, cost savings initiative or other similar initiative taken after the Fifth Amendment Effective Date that have been consummated during the applicable Reference Period (calculated on a pro forma basis as though such synergies,
                  expense reductions and cost savings had been realized on the first day of the period for which Consolidated EBITDA is being determined), net of the amount of actual benefits realized during such period from such actions; provided,
                  that (x) such synergies, expense reductions and cost savings are reasonably identifiable, factually supportable, expected to have a continuing impact on the operations of Parent and its Subsidiaries and have been determined by Parent in
                  good faith to be reasonably anticipated to be realizable within 12 months following any such action as set forth in reasonable detail on a certificate of a Financial Officer of Parent delivered to the Administrative Agent, (y) no such
                  amounts shall be added pursuant to this clause to the extent duplicative of any expenses or charges otherwise added to Consolidated EBITDA, whether through a pro forma adjustment, the definition of pro forma basis or otherwise and (z) for
                  any applicable Reference Period, the sum of (1) the aggregate amount added pursuant to this clause (v)(B) for such Reference Period plus (2) the aggregate amount of Net Extraordinary Charges and Losses added back to Consolidated
                  EBITDA pursuant to clause (a)(iv) above in such Reference Period, plus (3) the aggregate amount added back to Consolidated EBITDA pursuant to clause (a)(v)(A) above in such Reference Period shall in no event exceed 15% of
                  Consolidated EBITDA for such period,

                 

                (vi)        payments of customary investment and commercial banking fees and expenses in connection with transactions permitted by this Agreement,

                 

                (vii)    cash premiums, penalties or other payments payable in connection with the early extinguishment or repurchase of Indebtedness,

                 

                (viii)      (A) Specified Charges for such period and/or (B) any earn-out and contingent consideration obligations (including to the extent accounted for as bonuses,
                  compensation or otherwise) incurred in connection with the Fifth Amendment Transactions and/or any other acquisition and/or other Investment which is paid or accrued during such period and, in each case, adjustments thereof,

                 

                
                  - 18 -

                  
                    

                

                (ix)       the amount of any charge or expense that is actually reimbursed or reimbursable by one or more third parties pursuant to indemnification or reimbursement
                  provisions or similar agreements or insurance; provided that in respect of any such charge or expense that is added back in reliance on this clause (a)(ix), the relevant Person in good faith expects to receive reimbursement for
                  such charge or expense within the next four fiscal quarters (it being understood that to the extent any such reimbursement amount is not actually received within such four fiscal quarter period, such reimbursement amount shall be deducted
                  in calculating Consolidated EBITDA for the last fiscal quarter of such period and each subsequent period which includes such quarter),

                 

                (x)        the amount of any proceeds of any business interruption insurance policy in an amount representing the earnings for the applicable period that such proceeds
                  are intended to replace (whether or not then received so long as the relevant Person in good faith expects to receive such proceeds within the next four fiscal quarters (it being understood that to the extent such proceeds are not
                  actually received within such four fiscal quarter period, such proceeds shall be deducted in calculating for the last fiscal quarter of such period and each subsequent period which includes such quarter)), and/or

                 

                (xi)        any charge, expense or deduction that is associated with any Subsidiary and attributable to any non-controlling interest and/or minority interest of any
                  third party,

                 

                minus

                 

                (b)          without duplication and to the extent included in determining such Consolidated Net Income,

                 

                (i)          consolidated interest income for such period,

                 

                (ii)        Federal, state, local and foreign income Tax credits of Parent and its Subsidiaries for such period (to the extent not netted from
                  income Tax expense);

                 

                (iii)      all extraordinary, unusual or non-recurring gains (including any gains in connection with any actual or prospective legal settlement, fine, judgment or order);

                 

                (iv)         non-cash gains or non-cash items

                 

                (v)         any cash expense made during such period which represents the reversal of any non-cash expense that was added in a prior period pursuant to clause (b)(iii) above
                  subsequent to the fiscal quarter in which the relevant non-cash expenses, charges or losses were incurred; and

                 

                (vi)         cash rental and other cash payments made for such period pursuant to the Tucker Lease.

                 

                For purposes of this Agreement, Consolidated EBITDA shall exclude any non-cash impact attributable to the reduction in deferred revenue or reduction in deferred costs to balance sheet
                  accounts as a result of the fair value exercise undertaken as required by purchase method of accounting for the transactions contemplated by any acquisition, in accordance with GAAP.

                 

                “Consolidated Interest Expense” means, for any period, the sum of the following determined on a Consolidated basis, without duplication, for Parent and its Subsidiaries in
                  accordance with GAAP, interest expense (including (i) any amortization of any debt issuance cost and/or deferred financing fees, (ii) any interest expense attributable to Capital Leases and (iii) all net payment obligations pursuant to
                  Hedge Agreements) for such period.

                 

                
                  - 19 -

                  
                    

                

                “Consolidated Net Income” means, for any period, the net income (or loss) of Parent and its Subsidiaries for such period, determined on a consolidated basis, without duplication,
                  in accordance with GAAP and adjusted to eliminate any non-cash impact attributable to the reduction in deferred revenue or reduction in deferred costs to balance sheet accounts as a result of the fair value exercise undertaken as required
                  by purchase method of accounting for the transactions contemplated by any Acquisition, in accordance with GAAP; provided, that, in calculating Consolidated Net Income of Parent and its Subsidiaries for any period, there shall be
                  excluded:

                 

                (a)        the income (or loss) of any Person (other than a Subsidiary which shall be subject to clause (c) below) in which Parent or any of its Subsidiaries has a
                  joint interest with a third party, except to the extent such net income is actually paid in cash to Parent or any of its Subsidiaries by dividend or other distribution during such period,

                 

                (b)         the income (or loss) any Person accrued prior to the date it becomes a Subsidiary of Parent or any of its Subsidiaries or is merged into or consolidated
                  with Parent or any of its Subsidiaries or that Person’s assets are acquired by Parent or any of its Subsidiaries except to the extent included pursuant to the foregoing clause (a),

                 

                (c)         the net income (if positive), of any Subsidiary to the extent that the declaration or payment of dividends or similar distributions by such Subsidiary to
                  Parent or any of its Subsidiaries of such net income (i) is not at the time permitted by operation of the terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to
                  such Subsidiary or (ii) would be subject to any Taxes payable on such dividends or distributions, but in each case only to the extent of such prohibition or Taxes,

                 

                (d)        the net income (or loss) of any Non-Wholly-Owned Subsidiary to the extent such net income (or loss) is attributable to the minority interest in such
                  Subsidiary,

                 

                (e)          any gain or loss from Dispositions of Property during such period,

                 

                (f)         any gain or loss attributable to the early extinguishment of Indebtedness (and the termination of any associated Hedge Agreement) and any cancellation of
                  indebtedness income resulting from any purchase of any Term Loans by the Borrower under the Term Loan Credit Agreement,

                 

                (g)        any non-cash compensation expense recorded from grants of stock appreciation or similar rights, stock options, restricted stock or other rights (including
                  equity compensation to employees (including pursuant to pension plans)) and non-cash charges associated with the roll-over, acceleration or payout of Equity Interests by management of Administrative Borrower, Parent or any direct or
                  indirect parent thereof in connection with the Fifth Amendment Transactions or other Permitted Acquisitions,

                 

                (h)        (i) any realized or unrealized gain and/or loss in respect of (A) any obligation under any Hedge Agreement as determined in accordance with GAAP and/or
                  (B) any other derivative instrument pursuant to, in the case of this clause (B), Financial Accounting Standards Board’s Accounting Standards Codification No. 815-Derivatives and Hedging and/or (ii) any realized or unrealized
                  foreign currency exchange gain or loss (including any currency re-measurement of Indebtedness, any net gain or loss resulting from Hedge Agreements for currency exchange risk resulting from any intercompany Indebtedness, any foreign
                  currency translation or transaction or any other currency-related risk; provided, that notwithstanding anything to the contrary herein, any realized gain or loss in respect of any Designated Operational FX Hedge shall be included
                  in the calculation of Consolidated Net Income;

                 

                
                  - 20 -

                  
                    

                

                (i)        (i) the effects of adjustments resulting from the application of purchase accounting, recapitalization accounting and/or acquisition method accounting, as
                  applicable, in relation to the Fifth Amendment Transactions or any consummated acquisition or other similar investment or the amortization or write-off of any amount thereof, net of Taxes and (ii) the cumulative effect of changes in
                  accounting principles or policies made in such period in accordance with GAAP which affect Consolidated Net Income; and

                 

                (j)          the amount of any contingent payments related to any Acquisition or Investment permitted hereunder that are treated as compensation expense in accordance with GAAP.

                 

                “Control Agreement” means (a) in the case of a US Loan Party, a control agreement, in form and substance reasonably satisfactory to Co-Collateral Agents, executed and delivered by
                  a Borrower or one of its Subsidiaries, Administrative Agent, and the applicable securities intermediary (with respect to a Securities Account) or bank (with respect to a Deposit Account) and (b) in the case of an Australian Loan Party, an
                  agreement, in form and substance reasonably satisfactory to the Australian Security Trustee, establishing “control” (for the purposes of Part 9.5 of the Australian PPSA) of such an account by the Australian Security Trustee.

                 

                “Controller” has the meaning given to it in section 9 of the Australian Corporations Act.

                 

                “Copyright Security Agreement” has the meaning specified therefor in the Guaranty and Security Agreement.

                 

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

                 

                “Covered Entity” means any of the following:

                 

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

                 

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

                 

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

                 

                “Covered Party” has the meaning specified therefor in Section 17.18 of this Agreement.

                 

                “Credit Card Accounts” means all present and future rights of a Borrower to payment from any Credit Card Issuer or Credit Card Processor, including all amounts at any time due or
                  to become due from any Credit Card Issuer or Credit Card Processor under the Credit Card Agreements or otherwise.

                 

                
                  - 21 -

                  
                    

                

                “Credit Card Acknowledgments” means the agreements by parties to the Credit Card Agreements in favor of the Administrative Agent (or the Australian Security Trustee, as applicable)
                  acknowledging the Administrative Agent’s first priority lien on and security interest in the monies due and to become due to the Loan Parties under the Credit Card Agreements of such Loan Parties, and agreeing to transfer all such amounts
                  to a Cash Management Account.

                 

                “Credit Card Agreements” means all agreements (other than Credit Card Acknowledgments) now or hereafter entered into by a Borrower or for the benefit of a Borrower, in each case
                  with any Credit Card Issuer or any Credit Card Processor with respect to sales transactions involving credit card or debit card purchases, including, but not limited to, the agreements set forth on Schedule 4.25 hereto.

                 

                “Credit Card Issuer” means any person (other than a Loan Party) who issues or whose members issue credit cards and other non-bank credit or debit cards, including credit or debit
                  cards.

                 

                “Credit Card Processor” means any servicing or processing agent or any factor or financial intermediary who facilitates, services, processes or manages the credit authorization,
                  billing transfer and/or payment procedures with respect to a Borrower’s sales transactions involving credit card or debit card purchases by customers using credit cards or debit cards issued by any Credit Card Issuer.

                 

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

                 

                “Daily Three Month LIBOR” means, for any day the rate per annum for United States dollar deposits determined by Administrative Agent for the purpose of
                  calculating the effective interest rate for loans that reference Daily Three Month LIBOR as the Inter-Bank Market Offered Rate in effect from time to time for the 3 month delivery of funds in amounts approximately equal to the principal
                  amount of such loans (and, if such rate is below zero, the Daily Three Month LIBOR shall be deemed to be zero) as published by ICE Benchmark Administration Limited (“LIBOR Screen Rate”) (or any successor page or other commercially
                  available source as the Administrative Agent may designate from time to time) which determination shall be made by Administrative Agent and shall be conclusive in the absence of manifest error.  When interest is determined in relation to
                  Daily Three Month LIBOR, each change in the interest rate will become effective each Business Day that Administrative Agent determines that Daily Three Month LIBOR has changed.

                 

                “Debtor Relief Law” means the Bankruptcy Code, the Australian Corporations Act and any other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors,
                  moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief law of the United States, Australia or other applicable jurisdiction from time to time in effect.

                 

                “Default” means an event, condition, or default that, with the giving of notice, the passage of time, or both, would be an Event of Default.

                 

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

                 

                
                  - 22 -

                  
                    

                

                “Defaulting Lender” means any Lender that (a) has failed to fund any amounts required to be funded by it under the Agreement within one (1) Business Day of the date that it is
                  required to do so under the Agreement (including the failure to make available to Administrative Agent amounts required pursuant to a Settlement or to make a required payment in connection with a Letter of Credit Disbursement), (b)
                  notified Borrowers, Administrative Agent, or any Lender in writing that it does not intend to comply with all or any portion of its funding obligations under the Agreement, (c) has made a public statement to the effect that it does not
                  intend to comply with its funding obligations under the Agreement or under other agreements generally (as reasonably determined by Administrative Agent) under which it has committed to extend credit, (d) failed, within two (2) Business
                  Day after written request by Administrative Agent or a Borrower, to confirm that it will comply with the terms of the Agreement relating to its obligations to fund any amounts required to be funded by it under the Agreement, (e) otherwise
                  failed to pay over to Administrative Agent or any other Lender any other amount required to be paid by it under the Agreement within one (1) Business Day of the date that it is required to do so under the Agreement, or (f) (i) becomes or
                  is insolvent or has a parent company that has become or is insolvent, (ii) becomes the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, or custodian or appointed for it, or has taken any
                  action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment or has a parent company that has become the subject of a bankruptcy or insolvency proceeding, or has had a receiver,
                  conservator, trustee, or custodian appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment or (iii) becomes the subject of a Bail-in
                  Action.

                 

                “Defaulting Lender Rate” means (a) for the first three (3) days from and after the date the relevant payment is due, the LIBOR Rate, and (b) thereafter, the interest rate then
                  applicable to Revolving Loans that are LIBOR Rate Loans (inclusive of the Applicable Margin applicable thereto).

                 

                “Deposit Account” means any deposit account (as that term is defined in the Code) and any deposit account which has the meaning given to the term “ADI account” in the Australian
                  PPSA.

                 

                “Designated Account” means the Deposit Account of Administrative Borrower identified on Schedule D-1 to the Agreement (or such other Deposit Account of Administrative
                  Borrower located at Designated Account Bank that has been designated as such, in writing, by Borrowers to Administrative Agent).

                 

                “Designated Account Bank” has the meaning specified therefor in Schedule D-1 to the Agreement (or such other bank that is located within the United States that has been
                  designated as such, in writing, by Borrowers to Administrative Agent).

                 

                “Designated Non-Cash Consideration” means the fair market value (as determined by Administrative Borrower in good faith) of non-cash consideration received by the Parent or any
                  Subsidiary in connection with any Disposition pursuant to clause (d) of the definition of “Permitted Disposition” that is designated as Designated Non-Cash Consideration pursuant to a certificate of an authorized officer of Administrative
                  Borrower, setting forth the basis of such valuation (which amount will be reduced by the amount of cash or Cash Equivalents received in connection with a subsequent sale or conversion of such Designated Non-Cash Consideration to cash or
                  Cash Equivalents).

                 

                “Designated Operational FX Hedge” means any Hedge Agreement entered into for the purpose of hedging currency-related risks in respect of the revenues, cash flows or other balance
                  sheet items of Administrative Borrower or any of its Subsidiaries and irrevocably designated at the time entered into (or on or prior to the Fifth Amendment Effective Date, with respect to any Hedge Agreement entered into on or prior to
                  the Fifth Amendment Effective Date) as a Designated Operational FX Hedge by Administrative Borrower in a writing to the Administrative Agent promptly after such Hedge Agreement is entered into.

                 

                
                  - 23 -

                  
                    

                

                “Dilution” means, as of any date of determination and with respect to any period selected by Administrative Agent, a percentage that is the result of dividing the Dollar amount of
                  (a) bad debt write-downs, discounts, advertising allowances, credits, or other dilutive items with respect to Borrowers’ Accounts during such period, by (b) Borrowers’ billings with respect to Accounts during such period.

                 

                “Dilution Reserve” means, as of any date of determination, an amount sufficient to reduce the advance rate against Eligible Accounts by one (1) percentage point for each percentage
                  point by which Dilution is in excess of five percent (5%).

                 

                “Disclosure Statement” means the Disclosure Statement for the Reorganization Plan filed in the Chapter 11 Cases at Docket No. 19, the adequacy of which was approved by the
                  bankruptcy court pursuant to the Confirmation Order.

                 

                “Discretionary Guarantor” has the meaning assigned thereto in the definition of “Guarantor”.

                 

                “Disposed EBITDA” means, with respect to any Person or business that is sold or disposed of in a Disposition during any period, the amount
                  for such period of Consolidated EBITDA of any such Person or business subject to such Disposition (determined using such definitions as if references to Parent and its Subsidiaries therein were to
                  such Person or business), as calculated by the Borrower in good faith.

                 

                “Disposition” means the sale, transfer, license, lease or other disposition of any property (including any sale and
                  leaseback transaction or division), whether in a single transaction or a series of related transactions, by any Loan Party or any Subsidiary thereof, and any issuance of Equity Interests by any Subsidiary of Parent to any Person that is
                  not a Loan Party or any Subsidiary thereof. For the avoidance of doubt, the write-off of any assets subject to the Tucker Lease shall not be deemed to constitute a Disposition.

                 

                “Disqualified Equity Interests” shall mean any Equity Interest that, by its terms (or by the terms of any security or other Equity Interests into which it is convertible or for
                  which it is exchangeable), or upon the happening of any event or condition (a) matures or is mandatorily redeemable (other than solely for Qualified Equity Interests), pursuant to a sinking fund obligation or otherwise (except as a result
                  of a change of control or asset sale so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale event shall be subject to the prior repayment in full of the Loans and all other Obligations that
                  are accrued and payable and the termination of the Commitments), (b) is redeemable at the option of the holder thereof (other than solely for Qualified Equity Interests), in whole or in part, (c) provides for the scheduled payments of
                  dividends in cash, or (d) is or becomes convertible into or exchangeable for Indebtedness or any other Equity Interests that would constitute Disqualified Equity Interests, in each case, prior to the date that is 180 days after the
                  Maturity Date.

                 

                “Drawing Document” means any Letter of Credit or other document presented for purposes of drawing under any Letter of Credit.

                 

                “Early Opt-in Election” means:

                 

                (a)          with respect to a Benchmark with respect to any Obligations, interest, fees, commissions or other
                    amounts denominated in US Dollars or calculated with respect thereto, if such Benchmark is USD LIBOR, the occurrence of:

                 

                
                  - 24 -

                  
                    

                

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

                 

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

                 

                (b)       with respect to a Benchmark with respect to any Obligations, interest, fees, commissions or other
                    amounts denominated in the applicable Agreed Currency (other than US Dollars), the occurrence of:

                 

                (1)          a notification by the Administrative Agent to (or the request by Administrative Borrower to the
                    Administrative Agent to notify) each of the other parties hereto that at least five currently outstanding syndicated credit facilities denominated in such currency at such time contain (as a result of amendment or as originally
                    executed) a new benchmark interest rate to replace such Benchmark; and

                 

                (2)          the joint election by Administrative Agent and Administrative Borrower to trigger a fallback from
                    such Benchmark and the provision by Administrative Agent of written notice of such election to the applicable Lenders.

                 

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

                 

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

                 

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

                 

                “Eligible Accounts” means Eligible Billed Accounts, Eligible Installment Accounts, Eligible Credit Card Accounts, Eligible Alpha Accounts and Eligible Telstra Accounts.

                 

                “Eligible Alpha Accounts” means Accounts due from AT&T or any of its Affiliates (other than any Loan Party or its Subsidiaries) which (a) otherwise meet the criteria in
                  subclauses (c), (h), (l) and (m) of the definition of Eligible Billed Accounts, (b) arise from the sale of such Eligible Billed Accounts by any Loan Party to AT&T or any of its Affiliates (other than any Loan Party or its
                  Subsidiaries) pursuant to the terms of the Billing and Collection Agreement and (c) are net of any amounts owed by any Loan Party to AT&T or any of its Affiliates pursuant to the terms of the Billing and Collection Agreement.

                 

                
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                “Eligible Billed Accounts” means those Accounts (other than Credit Card Accounts, Alpha Accounts or Telstra Accounts) created by a Borrower in the ordinary course of its business,
                  that arise out of such Borrower’s sale of goods or rendition of services, that comply with each of the representations and warranties respecting Eligible Accounts made in the Loan Documents, and that are not excluded as ineligible for
                  failing to satisfy one or more of the criteria set forth below.  In determining the amount to be included, Eligible Billed Accounts shall be calculated net of customer deposits, unapplied cash, taxes, discounts, credits, allowances, and
                  rebates. In general, the Co-Collateral Agents on behalf of Lenders will not deem an Account to be an Eligible Billed Account unless it satisfies the following criteria:

                 

                (a)          delivery of the merchandise or the rendition of the services has been completed with respect to such Account;

                 

                (b)        no dispute has occurred with respect to such Account, the Account Debtor has not asserted any setoff, defense or counterclaim with respect to such Account, and there has not
                  occurred any extension of the time for payment with respect to such Account without the consent of Co-Collateral Agents in their Permitted Discretion; provided that, (x) in the case of any dispute, setoff, defense or counterclaim
                  with respect to an Account, the portion of such Account not subject to such dispute, setoff, defense or counterclaim will not be ineligible solely by reason of this clause (b) and (y) with respect to the extension of time, the
                  consent of Co-Collateral Agents shall not be required to the extent such extension of time does not exceed the period permitted under clause (e) of this definition;

                 

                (c)         such Account is lawfully owned by a Loan Party free and clear of any Lien other than (i) Liens in favor of Administrative Agent (or the Australian Security Trustee, as
                  applicable) for the benefit of the Secured Parties, (ii) Liens securing obligations under the Term Loan Documents and which are subject to the Intercreditor Agreement and (iii) Liens described in clause (c) of the definition of
                  Permitted Liens and otherwise continues to be in conformity in all material respects with all representations and warranties made by a Loan Party to Administrative Agent and the Secured Parties with respect thereto in the Loan Documents;

                 

                (d)         such Account is unconditionally payable in US Dollars (or, solely in the case of Australian Bill Rate Loans, Australian Dollars) within 90 days from the invoice date (or, in
                  the case of Accounts owing by Account Debtors who are designated as “national advertisers” placing ads in print directories, 105 days from the invoice date) and is not evidenced by a promissory note, chattel paper or any other instrument
                  or other document;

                 

                (e)         no more than 90 days have elapsed from the invoice date (or, in the case of Accounts owing by Account Debtors who are designated as “national advertisers” placing ads in print
                  directories, 105 days from the invoice date) and no more than 60 days have elapsed from the due date with respect to such Account;

                 

                (f)          such Account is not due from an Affiliate of a Loan Party;

                 

                (g)         such Account does not constitute an obligation of the United States, Australia or any other Governmental Authority (unless all steps required by Co-Collateral Agents in their
                  Permitted Discretion in connection therewith, including notice to the United States Government under the Federal Assignment of Claims Act or any action under any state statute comparable to the Federal Assignment of Claims Act or issuing
                  a notice of assignment in respect of the Account to the applicable Australian Governmental Authority, have been duly taken in a manner satisfactory to Co-Collateral Agents in their Permitted Discretion for such Accounts in the aggregate
                  exceeding $5,000,000);

                 

                (h)         the Account Debtor (or the applicable office of the Account Debtor) with respect to such Account is (i) in the case of Accounts of US Borrowers, located in the United States,
                  Puerto Rico or Canada, or (ii) in the case of Accounts of Australian Borrowers, located in Australia, unless, in each case, such Account is supported by a letter of credit or other similar obligation satisfactory to Co-Collateral Agents
                  in their Permitted Discretion;

                 

                
                  - 26 -

                  
                    

                

                (i)          the Account Debtor with respect to such Account is not also a supplier to or creditor of a Loan Party, unless such Account Debtor has executed a no-offset letter satisfactory
                  to Co-Collateral Agents in their Permitted Discretion;

                 

                (j)         not more than 50% of the aggregate amount of all Accounts of the Account Debtor with respect to such Account have remained unpaid 90 days past the invoice date (or, in the
                  case of Accounts owing by Account Debtors who are designated as “national advertisers” placing ads in print directories, 105 days from the invoice date);

                 

                (k)          the invoice amount of such Eligible Billed Account, together with the sum of all Eligible Billed Accounts and Eligible Installment Accounts outstanding from the same Account
                  Debtor and its Affiliates do not exceed 10% of the sum of the invoice amount of all Eligible Billed Accounts plus the sum of all Eligible Installment Accounts;

                 

                (l)          the Account Debtor with respect to such Account (i) has not filed a petition for bankruptcy or any other relief under any Debtor Relief Law, (ii) has not failed, suspended
                  business operations, become insolvent or called a meeting of its creditors for the purpose of obtaining any financial concession or accommodation, (iii) has not had or suffered to be appointed a receiver or a trustee for all or a
                  significant portion of its assets or affairs or (iv) in the case of an Account Debtor who is an individual, is not an employee of a Loan Party or any of its Affiliates and has not died or been declared incompetent;

                 

                (m)        the Account Debtor with respect to such Account is not an entity subject to an OFAC Sanctions Program;

                 

                (n)        such Account does not represent a progress payment that is due prior to the completion of performance by the Loan Party under the subject contract for goods and services;

                 

                (o)        such Account is not due from an Account Debtor with respect to which a Loan Party has accelerated the due date of any billed or un-billed Accounts with respect to such Account
                  Debtor and such acceleration is due to a credit issue with respect to such Account Debtor;

                 

                (p)         if such Accounts were acquired, or were owned by a Person acquired, in connection with a Permitted Acquisition (including, but not limited to, the Sunshine Acquisition),
                  Co-Collateral Agents have completed an appraisal and field examination with respect to such Accounts, in each case, reasonably satisfactory to Co-Collateral Agents (which appraisal and field examination may be conducted prior to the
                  closing of such Permitted Acquisition); and

                 

                (q)         such Account is not otherwise unacceptable to Co-Collateral Agents, in the exercise of their Permitted Discretion.

                 

                “Eligible Credit Card Accounts” means those Credit Card Accounts of a Borrower that arise in the ordinary course of its business out of such Borrower’s sale of goods or rendition
                  of services, that comply with each of the representations and warranties respecting Eligible Accounts made in the Loan Documents, and that are not excluded as ineligible as a result of one or more of the criteria set forth below.  In
                  determining the amount to be included, Eligible Credit Card Accounts shall be calculated net of fees.  In general, the Co-Collateral Agents on behalf of Lenders will not deem an Account to be an Eligible Credit Card Account if:

                 

                
                  - 27 -

                  
                    

                

                (a)         it has been outstanding for more than five (5) Business Days from the date of sale or such longer period as may be approved by the Administrative Agent in its Permitted
                  Discretion;

                 

                (b)        a Borrower does not have valid title thereto, free and clear of any Lien (other than (i) Liens in favor of the Administrative Agent (or the Australian Security Trustee, as
                  applicable) for the benefit of Lenders, (ii) Liens securing obligations under the Term Loan Documents and which are subject to the Intercreditor Agreement, (iii) Liens described in clause (c) of the definition of Permitted Liens
                  and otherwise continues to be in conformity in all material respects with all representations and warranties made by a Loan Party to Administrative Agent and the Secured Parties with respect thereto in the Loan Documents and (iv) the
                  offset or chargeback rights of such Credit Card Processors (which shall be governed by clause (d) below));

                 

                (c)        it is not subject to a first priority perfected security interest in favor of Administrative Agent (or the Australian Security Trustee, as applicable) on behalf of itself and
                  the Lenders;

                 

                (d)         it is disputed or it is with recourse due to the creditworthiness of the cardholder, or with respect to which a claim, counterclaim, offset or chargeback has been asserted by
                  the related Credit Card Processor (but such Credit Card Account is only ineligible to the extent of such dispute, counterclaim, offset or chargeback);

                 

                (e)        except as otherwise approved by the Co-Collateral Agents in writing, it is due from a major Credit Card Processor as to which the Administrative Agent has not received an
                  acceptable (determined in its Permitted Discretion) Credit Card Acknowledgment;

                 

                (f)         the Credit Card Processor with respect to such Credit Card Account (A) has filed a petition for bankruptcy or any other relief under any Debtor Relief Law, (B) has failed,
                  suspended business operations, become insolvent or called a meeting of its creditors for the purpose of obtaining any financial concession or accommodation, or (C) has had or suffered to be appointed a receiver or a trustee for all or a
                  significant portion of its assets or affairs;

                 

                (g)          it is due from a Credit Card Processor which is not located in the United States of America or Australia, as applicable;

                 

                (h)          it is not denominated in US Dollars (or, solely in the case of the Australian Borrowers, Australian dollars);

                 

                (i)          it does not constitute an “account” or a “payment intangible” (as such terms are defined in the UCC);

                 

                (j)          it is owed by, or arose from a transaction with, a Person subject to an OFAC Sanctions Program; or

                 

                (k)          such Credit Card Account is otherwise unacceptable to Co-Collateral Agents, in the exercise of their Permitted Discretion.

                 

                “Eligible Installment Accounts” means Accounts (other than Billed Accounts, Alpha Accounts, Telstra Accounts or Credit Card Accounts) which otherwise meet the criteria set forth in
                  the definition of Eligible Billed Accounts (other than as set forth in clauses  (e) and (j)), but for the fact that an invoice has not been rendered to the Account Debtor; provided that no Eligible Installment Account may remain
                  unbilled longer than thirteen (13) months; provided further that if (i) at any time 25% or more of the aggregate billed Accounts owing by an Account Debtor do not meet any of the criteria set forth in the definition of
                  Eligible Billed Accounts, or (ii) at any time 25% or more of the aggregate Eligible Billed Accounts owing by an Account Debtor are more than thirty (30) days past due then, in either case, none of such Account Debtor’s unbilled Accounts
                  will be deemed Eligible Installment Accounts hereunder.

                 

                
                  - 28 -

                  
                    

                

                “Eligible Telstra Accounts” means Telstra Accounts which (a) otherwise meet the criteria in subclauses (c), (h), (l) and (m) of the definition of Eligible Billed Accounts, (b)
                  arise from the sale of such Eligible Billed Accounts by any Australian Borrower to Telstra or any of its Affiliates (other than any Loan Party or its Subsidiaries) and (c) are net of any amounts owed by any Loan Party to Telstra or any of
                  its Affiliates.

                 

                “Eligible Transferee” means (a) any Lender (other than a Defaulting Lender), any Affiliate of any Lender and any Related Fund of any Lender; and (b) (i) a commercial bank organized
                  under the laws of the United States or any state thereof, and having total assets in excess of $1,000,000,000; (ii) a savings and loan association or savings bank organized under the laws of the United States or any state thereof, and
                  having total assets in excess of $1,000,000,000; (iii) a commercial bank organized under the laws of any other country or a political subdivision thereof; provided that (A) (x) such bank is acting through a branch or agency located in the
                  United States or (y) such bank is organized under the laws of a country that is a member of the Organization for Economic Cooperation and Development or a political subdivision of such country, and (B) such bank has total assets in excess
                  of $1,000,000,000; and (c) during the continuation of an Event of Default, any other Person approved by Administrative Agent.

                 

                “Employee Benefit Plan” means any employee benefit plan within the meaning of Section 3(3) of ERISA, whether or not subject to ERISA, (a) that is sponsored, maintained or
                  contributed to by any Loan Party or ERISA Affiliate or (b) to which any Loan Party or ERISA Affiliate has any liability, contingent or otherwise.

                 

                “Environmental Action” means any written complaint, summons, citation, notice, directive, order, claim, litigation, investigation, judicial or administrative proceeding, judgment,
                  letter, or other written communication from any Governmental Authority, or any third party involving violations of Environmental Laws or releases of Hazardous Materials (a) from any assets, properties, or businesses of any Borrower, any
                  of its Subsidiaries of any Borrower, or any of their predecessors in interest, (b) from adjoining properties or businesses, or (c) from or onto any facilities which received Hazardous Materials generated by any Borrower, any of its
                  Subsidiaries of any Borrower, or any of their predecessors in interest.

                 

                “Environmental Law” means any applicable federal, state or local statute, law, rule, regulation, ordinance, code, binding and enforceable guideline, binding and enforceable written
                  policy, or rule of common law now or hereafter in effect and in each case as amended, or any judicial or administrative interpretation thereof, including any judicial or administrative order, consent decree or judgment, in each case, to
                  the extent binding on any Loan Party or its Subsidiaries, relating to the environment, the effect of the environment on employee health or exposure to Hazardous Materials.

                 

                “Environmental Liabilities” means all liabilities, losses, damages, costs and expenses (including all reasonable fees, disbursements and expenses of counsel, experts, or
                  consultants, and costs of investigation and feasibility studies), fines and penalties incurred as a result of any claim or demand, or remedial action required, by any Governmental Authority.

                 

                “Environmental Lien” means any Lien in favor of any Governmental Authority for Environmental Liabilities.

                 

                

                
                  - 29 -

                  
                    

                

                “Equipment” means equipment (as that term is defined in the Code).

                 

                “Equity Interest” means, with respect to a Person, all of the shares, options, warrants, interests, participations, or other equivalents
                  (regardless of how designated) of or in such Person, whether voting or nonvoting, including capital stock (or other ownership or profit interests or units), preferred stock, or any other “equity security” (as such term is defined in Rule
                  3a11-1 of the General Rules and Regulations promulgated by the SEC under the Exchange Act).

                 

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

                 

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

                 

                “ERISA Event” means (a) any “reportable event”, as defined in Section 4043 of ERISA or the regulations issued thereunder with respect to a Plan (other than an event for which the
                  30-day notice period is waived); (b) any failure by any Plan to satisfy the minimum funding standards (within the meaning of Sections 412 and 430 of the Code or Section 302 of ERISA) applicable to such Plan, whether or not waived; (c) the
                  filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan, the failure to make by its due date a required installment under Section
                  430(j) of the Code with respect to any Plan or the failure by any Loan Party or any of its ERISA Affiliates to make any required contribution to a Multiemployer Plan; (d) the incurrence by any Loan Party or any of its ERISA Affiliates of
                  any liability under Title IV of ERISA with respect to the termination of any Plan, including but not limited to the imposition of any Lien in favor of the PBGC or any Plan; (e) a determination that any Plan is, or is expected to be, in
                  “at risk” status (within the meaning of Section 430 of the Code or Section 303 of ERISA; (f) the receipt by any Loan Party or any of its ERISA Affiliates from the PBGC or a plan administrator of any notice relating to an intention to
                  terminate any Plan or Plans or to appoint a trustee to administer any Plan under Section 4042 of ERISA; (g) the incurrence by any Loan Party or any of its ERISA Affiliates of any liability with respect to the withdrawal or partial
                  withdrawal from any Plan or Multiemployer Plan; or (h) the receipt by any Loan Party or any of its ERISA Affiliates of any notice, or the receipt by any Multiemployer Plan from a Loan Party or any of its ERISA Affiliates of any notice,
                  concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent or in endangered or critical status, within the meaning of Section 432 of the Code or Section 305 or Title
                  IV of ERISA.

                 

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

                 

                “Event of Default” has the meaning specified therefor in Section 8 of the Agreement.

                 

                “Exchange Act” means the Securities Exchange Act of 1934, as in effect from time to time.

                 

                “Exchange Rate” means on any date, as determined by Administrative Agent, the spot selling rate posted by Reuters on its website for the sale of the applicable currency for US
                  Dollars at approximately 11:00 a.m. on such date; provided, that, if, for any reason, no such spot rate is being quoted, the spot selling rate shall be determined by reference to such publicly available service for
                  displaying exchange rates as may be reasonably selected by Administrative Agent, or, in the event no such service is available, such spot selling rate shall instead be the rate reasonably determined by Administrative Agent as the spot
                  rate of exchange in the market where its foreign currency exchange operations in respect of the applicable currency are then being conducted, at or about 11:00 a.m. on the applicable date for the purchase of the relevant currency for
                  delivery two (2) Business Days later.

                 

                
                  - 30 -

                  
                    

                

                “Excluded Subsidiary” means (a) each CFC, (b) each Subsidiary that is a direct or indirect Subsidiary of a CFC, (c) each CFC Holdco, (d) any Subsidiary that (i) is prohibited by
                  applicable law or by any contractual obligation existing on the Fifth Amendment Effective Date or existing at the time of acquisition of such Subsidiary after the Fifth Amendment Effective Date or such Person becoming a Subsidiary (and
                  not incurred in contemplation of such acquisition or such Person becoming a Subsidiary), in each case, from guaranteeing the Obligations, but only so long as such prohibition exists or (ii) is subject to a requirement to obtain
                  governmental (including regulatory) or third party (other than an Affiliate) consent, approval, license or authorization (including any regulatory consent, approval, license or authorization) to provide a Guarantee of the Obligations (in
                  each case, to the extent such requirement exists on the Fifth Amendment Effective Date or exists at the time of acquisition of such Subsidiary after the Fifth Amendment Effective Date or such Person becoming a Subsidiary (and not incurred
                  in contemplation of such acquisition or such Person becoming a Subsidiary) that has not been obtained or received, but only for so long as such requirement or any replacement or renewal thereof is in effect and such consent, approval,
                  license or authorization has not been obtained or received (it being understood and agreed that none of Parent, any Borrower and/or any of their respective Subsidiaries shall have any obligation to obtain (or seek to obtain) any such
                  consent, approval, license or authorization), (e) any Foreign Subsidiary (other than any Australian Subsidiary), (f) any not-for-profit Subsidiary, (g) any captive insurance Subsidiary, (h) each Immaterial Subsidiary, (i) any special
                  purpose entity engaging in receivables financing transactions permitted under this Agreement, (j) any bona fide joint ventures with non-affiliated third parties, (k) any Subsidiary with respect to which Administrative Agent and
                  Administrative Borrower mutually agree that the provision of a Guarantee of the Obligations would reasonably be likely to result in material and adverse tax consequences to Parent or any of its Subsidiaries and (l) any other Subsidiary
                  with respect to which Administrative Agent and Administrative Borrower mutually agree that the cost of providing a Guarantee of the Obligations would be excessive in relation to the benefit to be afforded thereby.  Notwithstanding the
                  foregoing, in no event shall any Subsidiary that is an obligor or guarantor of (i) the Term Loan or any other Material Indebtedness, in any such case be an Excluded Subsidiary (other than a CFC that is a borrower thereunder to the extent
                  (A) the Guarantee of the Obligations would result in material adverse tax consequences to Parent and its Subsidiaries or (B) clause (l) above applies).

                 

                “Excluded Swap Obligation” means, with respect to any Loan Party, any Swap Obligation if, and to the extent that, all or a portion of the obligation of such Loan Party in respect
                  of, or the grant by such Loan Party of a security interest to secure, such Swap Obligation (or any Guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading
                  Commission (or the application or official interpretation of any thereof) by virtue of such Loan Party’s failure for any reason not to constitute an “eligible contract participant” as defined in the Commodity Exchange Act at the time the
                  Guarantee of such Loan Party becomes effective with respect to such related Swap Obligation. If a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap
                  Obligation that is attributable to swaps for which such guaranty or security interest is or becomes illegal.

                 

                
                  - 31 -

                  
                    

                

                “Excluded Taxes” means 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 and
                  Australian 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 Borrowers under Section 14.2) or (ii) such Lender changes its
                  lending office, except in each case to the extent that, pursuant to Section 16.1, 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 16.2, (d) any U.S. federal withholding Taxes imposed under
                    FATCA and (e) any amounts paid or deducted from a payment to a Recipient in compliance with a notice or direction under section 260-5 Schedule 1 to the Taxation Administration Act 1953 (Cth) of Australia, section 255 of the
                  Australian Tax Act or any analogous provisions.

                 

                “Existing Letters of Credit” means those letters of credit described on Schedule E-1 to the Agreement.

                 

                “Extraordinary Advances” has the meaning specified therefor in Section 2.3(d)(iii) of the Agreement.

                 

                “FATCA” means Sections 1471 through 1474 of the IRC, as of the date of the Agreement (or any amended or successor version that is substantively comparable and not materially more
                  onerous to comply with), any current or future regulations or official interpretations thereof, any agreement entered into pursuant to Section 1471(b)(1) of the IRC, and any applicable intergovernmental agreement with respect thereto and
                  applicable official implementing guidance thereunder.

                 

                “Federal Funds Rate” means, for any period, a fluctuating interest rate per annum equal to, for each day during such period, the weighted average of the rates on overnight Federal
                  funds transactions with members of the Federal Reserve System, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a Business Day, the average
                  of the quotations for such day on such transactions received by Administrative Agent from three Federal funds brokers of recognized standing selected by it (and, if any such rate is below zero, then the rate determined pursuant to this
                  definition shall be deemed to be zero).

                 

                “Federal Reserve Bank of New York’s Website” means the website of the Federal Reserve Bank of New York at http://www.newyorkfed.org, or any successor source.

                 

                “Fee Letter” means that certain fee letter, dated as of the Closing Date, even date with the Agreement, among the US Borrowers and Administrative Agent, in form and substance
                  reasonably satisfactory to Administrative Agent.

                 

                “Fifth Amendment” means the Fifth Amendment to Amended and Restated Credit Agreement, First Amendment to Guaranty and Security Agreement and Joinder, dated as of the Fifth
                  Amendment Effective Date, by and among the Borrowers, Parent, the Guarantors party thereto, the Lenders party thereto and the Administrative Agent.

                 

                “Fifth Amendment Effective Date” means March 1, 2021.

                 

                “Fifth Amendment Transactions” means, collectively, (a) the repayment in full of all Indebtedness outstanding under the Existing Credit Agreement (under and as defined in the Term
                  Loan Credit Agreement), (b) the entry into the Term Loan Credit Agreement and the making of the Term Loan on the Term Loan Closing Date, (c) the closing of the Sunshine Acquisition, (d) the closing of the Fifth Amendment, (e) the
                  repayment on the Fifth Amendment Effective Date of certain Indebtedness hereunder and (f) the payment of the Specified Charges incurred in connection with the foregoing.

                 

                
                  - 32 -

                  
                    

                

                “Financial Officer” means the chief financial officer, principal accounting officer, vice president of finance, treasurer or controller of Parent.

                 

                “Fixed Charge Coverage Ratio” means, with respect to any fiscal period and with respect to Parent determined on a consolidated basis in accordance with GAAP, the ratio of (a)
                  Consolidated EBITDA for such period minus Capital Expenditures made (to the extent not already incurred in a prior period) or incurred during such period, to (b) Fixed Charges for such period.

                 

                “Fixed Charges” means, with respect to any fiscal period and with respect to Parent determined on a consolidated basis in accordance with GAAP, the sum, without duplication, of (a)
                  consolidated interest expense accrued (other than interest paid-in-kind, amortization of financing fees, and other non-cash interest expense) during such period, (b) scheduled principal payments in respect of Indebtedness paid during such
                  period, and (c) all federal, state, and local income taxes accrued during such period, (d) all management, consulting, monitoring, and advisory fees paid to Jason Mudrick or his Affiliates during such period, and (e) all Restricted
                  Payments paid (whether in cash or other property, other than common Equity Interest) during such period.

                 

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

                 

                “Foreign Lender” means any Lender or Participant that is not a United States person within the meaning of IRC section 7701(a)(30).

                 

                “Foreign Subsidiary” means any Subsidiary that is not a US Subsidiary.

                 

                “Funding Date” means the date on which a Borrowing occurs.

                 

                “GAAP” means generally accepted accounting principles as in effect from time to time in the United States, consistently applied.

                 

                “Governing Documents” means, with respect to any Person, the certificate or articles of incorporation, by-laws, or other organizational documents of such Person.

                 

                “Governmental Authority” means the government of any nation or any political subdivision thereof, whether at the national, state, territorial, provincial, municipal or any other
                  level, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of, or pertaining to, government
                  (including any supra-national bodies such as the European Union or the European Central Bank).

                 

                “Guarantee” of or by any Person (the “guarantor”) means any obligation, contingent or otherwise, of the guarantor guaranteeing or having the economic effect of guaranteeing any
                  Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of the guarantor, direct or indirect, (a) to purchase or pay (or advance or supply
                  funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of) any security for the payment thereof, (b) to purchase or lease property, securities or services
                  for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c) to maintain working capital, equity capital or any other financial statement condition or liquidity of the primary obligor so as to
                  enable the primary obligor to pay such Indebtedness or other obligation or (d) as an account party in respect of any letter of credit or letter of guaranty issued to support such Indebtedness or other obligation; provided, that the term
                  Guarantee shall not include endorsements for collection or deposit in the ordinary course of business.

                 

                
                  - 33 -

                  
                    

                

                “Guarantors” means, collectively, (a) US Guarantors, (b) Australian Guarantors, (c) each US Subsidiary or Australian Subsidiary of each Borrower that becomes a guarantor pursuant
                  to Section 5.11 and (d) upon (i) Administrative Borrower’s request, (ii) at its sole discretion, the prior written consent of Administrative Agent, (iii) the receipt by the Lenders, the Issuing Bank and the Administrative Agent
                  (or Australian Security Trustee, as applicable) of such documentation and other information requested by the Lenders, the Issuing Bank or the Administrative Agent (or Australian Security Trustee, as applicable) for purposes of complying
                  with all necessary “know your customer” or other similar checks under applicable law, which documentation and information is satisfactory to the Lenders, the Issuing Bank and the Administrative Agent (or Australian Security Trustee, as
                  applicable) and (iv) the satisfaction of the applicable conditions set forth in Section 5.11 and the Collateral and Guarantee Requirement, any Foreign Subsidiary (other than any Australian Subsidiary) that is not otherwise
                  required to be a Guarantor to provide a Guarantee of the Obligations that becomes a guarantor pursuant to Section 5.11 (a “Discretionary Guarantor”); provided, that upon such an election pursuant to this clause
                    (d) (and for so long as such election remains in effect) such Subsidiary shall no longer be deemed to be an Excluded Subsidiary.

                 

                “Guaranty and Security Agreement” means a guaranty and security agreement, dated as of the Closing Date and amended on the Fifth Amendment Effective Date, executed and delivered by
                  each US Loan Party and each of the US Guarantors to Administrative Agent.

                 

                “Hazardous Materials” means (a) substances that are defined or listed in, or otherwise classified pursuant to, any applicable laws or regulations as “hazardous substances,”
                  “hazardous materials,” “hazardous wastes,” “toxic substances,” or any other formulation intended to define, list, or classify substances by reason of deleterious properties such as ignitability, corrosivity, reactivity, carcinogenicity,
                  reproductive toxicity, or “EP toxicity”, (b) oil, petroleum, or petroleum derived substances, natural gas, natural gas liquids, synthetic gas, drilling fluids, produced waters, and other wastes associated with the exploration,
                  development, or production of crude oil, natural gas, or geothermal resources and (c) any flammable substances or explosives or any radioactive materials

                 

                “Hedge Agreement” means a “swap agreement” as that term is defined in Section 101(53B)(A) of the Bankruptcy Code.

                 

                “Hedge Obligations” means any and all obligations or liabilities, whether absolute or contingent, due or to become due, now existing or hereafter arising, of each Borrower and
                  their Subsidiaries arising under, owing pursuant to, or existing in respect of Hedge Agreements entered into with one or more of the Hedge Providers.

                 

                “Hedge Provider” means any Lender or any of its Affiliates; provided, that no such Person (other than Wells Fargo or its Affiliates) shall constitute a Hedge Provider
                  unless and until Administrative Agent receives a Bank Product Provider Agreement from such Person and with respect to the applicable Hedge Agreement within 10 days after the execution and delivery of such Hedge Agreement with a Borrower
                  or its Subsidiaries; provided further, that if, at any time, a Lender ceases to be a Lender under the Agreement, then, from and after the date on which it ceases to be a Lender thereunder, neither it nor any of its
                  Affiliates shall constitute Hedge Providers and the obligations with respect to Hedge Agreements entered into with such former Lender or any of its Affiliates shall no longer constitute Hedge Obligations.

                 

                
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                “Immaterial Subsidiary” means any Subsidiary that is not a Material Subsidiary.

                 

                “Indebtedness” as to any Person means (a) all obligations of such Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes, or other
                  similar instruments and all reimbursement or other obligations in respect of letters of credit, bankers acceptances, or other financial products, (c) all obligations of such Person as a lessee under Capital Leases, (d) all obligations or
                  liabilities of others secured by a Lien on any asset of such Person, irrespective of whether such obligation or liability is assumed, (e) all obligations of such Person to pay the deferred purchase price of assets (other than trade
                  payables incurred in the ordinary course of business and repayable in accordance with customary trade practices and, for the avoidance of doubt, other than royalty payments payable in the ordinary course of business in respect of
                  non-exclusive licenses), (f) all monetary obligations of such Person owing under Hedge Agreements (which amount shall be calculated based on the amount that would be payable by such Person if the Hedge Agreement were terminated on the
                  date of determination), (g) any Disqualified Equity Interests of such Person, and (h) any Guarantee of such Person of Indebtedness of others.  For purposes of this definition, (i) the amount of any Indebtedness represented by a guaranty
                  or other similar instrument shall be the lesser of the principal amount of the obligations guaranteed and still outstanding and the maximum amount for which the guaranteeing Person may be liable pursuant to the terms of the instrument
                  embodying such Indebtedness, and (ii) the amount of any Indebtedness which is limited or is non-recourse to a Person or for which recourse is limited to an identified asset shall be valued at the lesser of (A) if applicable, the limited
                  amount of such obligations, and (B) if applicable, the fair market value of such assets securing such obligation. Notwithstanding anything to the contrary, in no event shall the obligations (including rental payments) under the Tucker
                  Lease be deemed to be Indebtedness.

                 

                “Indemnified Liabilities” has the meaning specified therefor in Section 10.3 of the Agreement.

                 

                “Indemnified Person” has the meaning specified therefor in Section 10.3 of the Agreement.

                 

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

                 

                “Insolvency Proceeding” means any proceeding commenced by or against any Person under any provision of the Bankruptcy Code or under any other Debtor Relief Law.

                 

                “Intellectual Property” means the collective reference to all rights, priorities and privileges relating to intellectual property, whether arising under United States,
                  multinational or foreign laws or otherwise, including copyrights, copyright licenses, patents, patent licenses, Marks, Mark licenses, technology, know-how and processes, and all rights to sue at law or in equity for any infringement or
                  other impairment thereof, including the right to receive all proceeds and damages therefrom.

                 

                “Intercompany Subordination Agreement” means an intercompany subordination agreement, dated as of the Closing Date, executed and delivered by each Loan Party and each of their
                  Subsidiaries, and Administrative Agent, the form and substance of which is reasonably satisfactory to Administrative Agent.

                 

                
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                “Intercreditor Agreement” means the Intercreditor Agreement, dated as of the Fifth Amendment Effective Date (as amended, restated, amended and restated, supplemented or otherwise
                  modified from time to time) between the Administrative Agent and the Term Loan Agent, and acknowledged by Borrowers and Guarantors.

                 

                “Inventory” means inventory (as that term is defined in the Code).

                 

                “Investment” means, with respect to any Person, any investment by such Person in any other Person (including Affiliates) in the form of loans, guarantees, advances, capital
                  contributions (excluding (a) commission, travel, and similar advances to officers and employees of such Person made in the ordinary course of business, and (b) bona fide accounts receivable
                  arising in the ordinary course of business), or acquisitions of Indebtedness, Equity Interests, or all or substantially all of the assets of such other Person (or of any division or business line of such other Person), and any other items
                  that are or would be classified as investments on a balance sheet prepared in accordance with GAAP.  For purposes of determining the amount of any Investment outstanding for purposes of Section 6.9, such amount shall be deemed to
                  be the amount of such Investment when made, purchased or acquired (without adjustment for subsequent increases or decreases in the value of such Investment), but after giving effect to any repayments in cash of principal and/or payments
                  in cash of interest in the case of any Investment in the form of a loan and any amount realized in respect of such Investment in the form of an equity Investment upon the sale, collection or return of capital (whether as a distribution,
                  dividend, redemption or sale, but not to exceed the original amount invested).

                 

                “IRC” means the Internal Revenue Code of 1986, as in effect from time to time.

                 

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

                 

                “ISP” means, with respect to any Letter of Credit, the International Standby Practices 1998 (International Chamber of Commerce Publication No. 590) and any subsequent revision
                  thereof adopted by the International Chamber of Commerce on the date such Letter of Credit is issued.

                 

                “Issuer Document” means, with respect to any Letter of Credit, a letter of credit application, a letter of credit agreement, or any other document, agreement or instrument entered
                  into (or to be entered into) by a Borrower in favor of Issuing Bank and relating to such Letter of Credit.

                 

                “Issuing Bank” means Wells Fargo, PNC Bank, National Association with respect to the Existing Letters of Credit, or any other Lender that, at the request of Borrowers and with the
                  consent of Administrative Agent, agrees, in such Lender’s sole discretion, to become an Issuing Bank for the purpose of issuing Letters of Credit pursuant to Section 2.11 of the Agreement, and Issuing Bank shall be a Lender.

                 

                “Joint Book Runners” has the meaning set forth in the preamble to the Agreement.

                 

                “Joint Lead Arrangers” has the meaning set forth in the preamble to the Agreement.

                 

                “Junior Indebtedness” means, with respect to Parent, the Borrower and its Subsidiaries, any (a) Subordinated Indebtedness and (b) Indebtedness secured by Liens that are junior to
                  the Liens securing the Obligations.

                 

                
                  - 36 -

                  
                    

                

                “Landlord Reserve” means, as to each location at which a Borrower has books and records located and as to which a Collateral Access Agreement has not been received by
                  Administrative Agent, a reserve in an amount equal to the greater of (a) the number of months’ rent for which the landlord will have, under applicable law, a Lien on any Collateral to secure the payment of rent or other amounts under the
                  lease relative to such location, or (b) 3 months’ rent under the lease relative to such location.

                 

                “Lender” has the meaning set forth in the preamble to the Agreement, shall include Issuing Bank and the Swing Lender, and shall also include any other Person made a party to the
                  Agreement pursuant to the provisions of Section 13.1 of the Agreement and “Lenders” means each of the Lenders or any one or more of them.

                 

                “Lender Group” means each of the Lenders (including Issuing Bank and the Swing Lender),  Australian Security Trustee, Administrative Agent and the Co-Collateral Agents, or any one
                  or more of them.

                 

                “Lender Group Expenses” means all (a) costs or expenses (including taxes and insurance premiums) required to be paid by any Loan Party or its Subsidiaries under any of the Loan
                  Documents that are paid, advanced, or incurred by any Secured Party, (b) documented out-of-pocket fees or charges paid or incurred by Administrative Agent, Australian Security Trustee and Co-Collateral Agents in connection with the Lender
                  Group’s transactions with each Loan Party and its Subsidiaries under any of the Loan Documents, including, photocopying, notarization, couriers and messengers, telecommunication, public record searches, filing fees, recording fees,
                  publication, real estate surveys, real estate title policies and endorsements, and environmental audits, (c) Administrative Agent’s and Co-Collateral Agent’s customary fees and charges imposed or incurred in connection with any background
                  checks or OFAC/PEP searches related to any Loan Party or its Subsidiaries, (d) Administrative Agent's customary fees and charges (as adjusted from time to time) with respect to the disbursement of funds (or the receipt of funds) to or for
                  the account of any Borrower (whether by wire transfer or otherwise), together with any out-of-pocket costs and expenses incurred in connection therewith, (e) customary charges imposed or incurred by Administrative Agent resulting from the
                  dishonor of checks payable by or to any other Loan Party, (f) reasonable documented out-of-pocket costs and expenses paid or incurred by the Secured Parties to correct any default or enforce any provision of the Loan Documents, or during
                  the continuance of an Event of Default, in gaining possession of, maintaining, handling, preserving, storing, shipping, selling, preparing for sale, or advertising to sell the Collateral, or any portion thereof, irrespective of whether a
                  sale is consummated, (g) field examination, appraisal, and valuation fees and expenses of Administrative Agent and Co-Collateral Agents related to any field examinations, appraisals, or valuation to the extent of the fees and charges (and
                  up to the amount of any limitation) provided in Section 2.10 of the Agreement, (h) reasonable costs and expenses (including reasonable documented attorneys’ fees and expenses) of Administrative Agent, Australian Security Trustee
                  and Co-Collateral Agents relative to third party claims or any other lawsuit or adverse proceeding paid or incurred, whether in enforcing or defending the Loan Documents or otherwise in connection with the transactions contemplated by the
                  Loan Documents, Agent’s Liens (or the Liens of Australian Security Trustee) in and to the Collateral, or the Secured Parties’ relationship with any Loan Party or any of their Subsidiaries, (i) reasonable documented costs and expenses
                  (including reasonable documented attorneys’ fees and due diligence expenses) incurred by Administrative Agent and Co-Collateral Agents in advising, structuring, drafting, reviewing, administering (including travel, meals, and lodging),
                  syndicating (including, CUSIP, DXSyndicateTM, SyndTrak or other communication costs incurred in connection with a syndication of the loan facilities), or amending, waiving, or modifying the Loan Documents, and (j) Administrative Agent’s,
                  Co-Collateral Agents’ and each Lender’s reasonable documented costs and expenses (including reasonable documented attorneys, accountants, consultants, and other advisors fees and expenses) incurred in terminating, enforcing (including
                  attorneys, accountants, consultants, and other advisors fees and expenses incurred in connection with a “workout,” a “restructuring,” or an Insolvency Proceeding concerning any Loan Party or any of their Subsidiaries or in exercising
                  rights or remedies under the Loan Documents), or defending the Loan Documents, irrespective of whether a lawsuit or other adverse proceeding is brought, or in taking any enforcement action or any remedial action with respect to the
                  Collateral (provided that the fees and expenses of counsel that shall constitute Lender Group Expenses shall in any event be limited to one primary counsel, one local counsel in each reasonably necessary jurisdiction (including,
                  without limitation, Australian counsel), one specialty counsel in each reasonably necessary specialty area, and one or more additional counsel if one or more conflicts of interest arise).

                 

                
                  - 37 -

                  
                    

                

                 “Lender Group Representatives” has the meaning specified therefor in Section 17.9 of the Agreement.

                 

                “Lender-Related Person” means, with respect to any Lender, such Lender, together with such Lender’s Affiliates, officers, directors, employees, attorneys, and agents.

                 

                “Letter of Credit” means a letter of credit (as that term is defined in the Code) issued by Issuing Bank.

                 

                “Letter of Credit Collateralization” means either (a) providing cash collateral (pursuant to documentation reasonably satisfactory to Administrative Agent, including provisions
                  that specify that the Letter of Credit Fees and all commissions, fees, charges and expenses provided for in Section 2.11(k) of the Agreement (including any fronting fees) will continue to accrue while the Letters of Credit are
                  outstanding) to be held by Administrative Agent for the benefit of the Revolving Lenders in an amount equal to 105% of the then existing Letter of Credit Usage, (b) delivering to Administrative Agent documentation executed by all
                  beneficiaries under the Letters of Credit, in form and substance reasonably satisfactory to Administrative Agent and Issuing Bank, terminating all of such beneficiaries’ rights under the Letters of Credit, or (c) providing Administrative
                  Agent with a standby letter of credit, in form and substance reasonably satisfactory to Administrative Agent, from a commercial bank acceptable to Administrative Agent (in its sole discretion) in an amount equal to 105% of the then
                  existing Letter of Credit Usage (it being understood that the Letter of Credit Fee and all fronting fees set forth in the Agreement will continue to accrue while the Letters of Credit are outstanding and that any such fees that accrue
                  must be an amount that can be drawn under any such standby letter of credit).

                 

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

                 

                “Letter of Credit Exposure” means, as of any date of determination with respect to any Lender, such Lender’s Pro Rata Share of the Letter of Credit Usage on such date.

                 

                “Letter of Credit Fee” has the meaning specified therefor in Section 2.6(b) of the Agreement.

                 

                “Letter of Credit Indemnified Costs” has the meaning specified therefor in Section 2.11(f) of the Agreement.

                 

                “Letter of Credit Related Person” has the meaning specified therefor in Section 2.11(f) of the Agreement.

                 

                “Letter of Credit Usage” means, as of any date of determination, the aggregate undrawn amount of all outstanding Letters of Credit.

                 

                
                  - 38 -

                  
                    

                

                “LIBOR Rate” means Daily Three Month LIBOR.

                 

                “LIBOR Rate Loan” means each portion of a Revolving Loan that bears interest at a rate determined by reference to the LIBOR Rate.

                 

                “LIBOR Screen Rate” has the meaning specified in the definition of “Daily Three Month LIBOR”.

                 

                “Lien” means any mortgage, deed of trust, pledge, hypothecation, assignment, charge, deposit arrangement, encumbrance, easement, lien (statutory or other), security interest
                  (including, without limitation, any “security interest” as defined in sections 12(1) and 12(2) of the Australian PPSA), or other security arrangement and any other preference, priority, or preferential arrangement of any kind or nature
                  whatsoever, including any interest of a vendor or lessor under any conditional sale contract or other title retention agreement, the interest of a lessor under a Capital Lease and any synthetic or other financing lease having
                  substantially the same economic effect as any of the foregoing.

                 

                “Liquidity” means the sum of (a) the amount of unrestricted cash and Cash Equivalents of Borrowers that is in Deposit Accounts or in Securities Accounts, or any combination
                  thereof, and, solely with respect to any Deposit Account or Securities Account of a US Loan Party, which Deposit Account or Securities Account is the subject of a Control Agreement and is maintained by a branch office of a bank or
                  securities intermediary located within the United States, plus (b) Total Availability.

                 

                “Loan” shall mean any Revolving Loan, Swing Loan or Extraordinary Advance made (or to be made) hereunder.

                 

                “Loan Accounts” means the US Loan Account and the Australian Loan Account, individually or collectively, as ---the context requires.

                 

                “Loan Documents” means the Agreement, the Control Agreements, the Copyright Security Agreement, any Borrowing Base Certificate, the Fee Letter, the Guaranty and Security Agreement,
                  the Intercompany Subordination Agreement, any Issuer Documents, the Letters of Credit, the Patent Security Agreement, the Trademark Security Agreement, any Credit Card Acknowledgment, any Australian Security Documents, the Australian
                  Security Trust Deed, any note or notes executed by Borrowers in connection with the Agreement and payable to any member of the Lender Group, and any other instrument or agreement entered into, now or in the future, by Parent, any Borrower
                  or any of its Subsidiaries and any Secured Party in connection with the Agreement that is designated (other than with respect to any amendment to any Loan Document or any security agreement, which requires no such specific designation) as
                  a “Loan Document”.

                 

                “Loan Party” means any Borrower or any Guarantor.

                 

                “Margin Stock” as defined in Regulation U of the Board of Governors as in effect from time to time.

                 

                “Marks” means  all  current  and  future  (i) trademarks, service  marks,  trade  styles,  and  logos (including all registrations and recordings thereof and all applications in
                  connection therewith, whether in the United States Patent and Trademark Office or in any similar office or agency of the United States, any state thereof or any other country or any political subdivision thereof, or otherwise) and (ii)
                  trademark rights in any trade names, corporate names, company names, business names, fictitious business names, other source or business identifiers Internet domain names, subdomain names and social media account or page addresses (but
                  excluding all other rights in the foregoing items in this subsection (ii), including any rights in any registrations or recordings for the foregoing items), and in each case of subsections (i) and (ii), all goodwill associated therewith
                  and all common-law rights related thereto.

                 

                
                  - 39 -

                  
                    

                

                “Material Adverse Effect” means a material adverse effect on (a) the business, assets, property, material agreements, liabilities, financial condition or results of operations of
                  Parent and its Subsidiaries, taken as a whole, or (b) the validity or enforceability of this Agreement or any of the other Loan Documents or the rights and remedies of Administrative Agent or the other Secured Parties under any of the
                  Loan Documents.

                 

                “Material Indebtedness” means Indebtedness (other than the Loans but including, for the avoidance of doubt, Guarantees) of any one or more of Parent and its Subsidiaries, in an
                  aggregate principal amount exceeding $25,000,000. For purposes of determining Material Indebtedness, the “principal amount” of the obligations of Parent or any of its Subsidiaries in respect of any Hedge Agreement at any time shall be the
                  maximum aggregate amount (giving effect to any netting agreements) that Parent or such Subsidiary would be required to pay if such Hedge Agreement were terminated at such time.

                 

                “Material Subsidiary” means (a) each Borrower and (b) a Subsidiary that, together with its Subsidiaries on a consolidated basis, as of the date of the financial statements most
                  recently delivered pursuant to Section 5.1 (i) generates annual revenue in excess of 2.5% of the Consolidated annual revenue of Parent and its Subsidiaries or (ii) owns assets the book value of which exceeds 2.5% of the
                  Consolidated book value of the total assets of Parent and its Subsidiaries; provided, that no Subsidiary shall be excluded as a Material Subsidiary until, and for so long as, Administrative Borrower shall have designated such
                  Subsidiary’s status as an Immaterial Subsidiary in writing to the Administrative Agent; provided, further, that no Subsidiary shall be excluded as a Material Subsidiary if the consolidated total assets or consolidated
                  revenue of such Subsidiary, taken together with the consolidated total assets and consolidated revenue of all other Subsidiaries then excluded as Material Subsidiaries, exceeds 5.0% of the consolidated total assets or consolidated
                  revenue, as the case may be, of Administrative Borrower and its Subsidiaries.

                 

                “Maturity Date” means the earlier of (a) March 1, 2026 or (b) ninety-one (91) days prior to the stated maturity date of the Term Loan.

                 

                “Maximum Australian Loan Amount” means US$40,000,000.

                 

                “Maximum Revolver Amount” means $175,000,000, unless decreased by the amount of reductions in the Revolver Commitments made in accordance with Section 2.4(c).

                 

                “Maximum US Loan Amount” means, at any time, (a) the Maximum Revolver Amount, minus (b) the Australian Revolver Usage.

                 

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

                 

                “Mudrick” means Mudrick Capital Management L.P.

                 

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

                 

                “Net Extraordinary Charges and Losses” means, for any applicable Reference Period, an amount (which shall not be less than zero) equal to (a) the amount of non-recurring
                  extraordinary charges and losses for such Reference Period minus (b) the amount of any extraordinary gains deducted from Consolidated EBITDA for such period pursuant to clause (a)(iii) of the definition thereof.

                 

                
                  - 40 -

                  
                    

                

                “Non-Consenting Lender” has the meaning specified therefor in Section 14.2(a) of the Agreement.

                 

                “Non-Defaulting Lender” means each Lender other than a Defaulting Lender.

                 

                “Non-Wholly-Owned Subsidiary” means any Subsidiary of Parent that is not Wholly-Owned.

                 

                “Obligations” means (a) all loans (including the Revolving Loans (inclusive of Extraordinary Advances and Swing Loans)), debts, principal, interest (including any interest that
                  accrues after the commencement of an Insolvency Proceeding, regardless of whether allowed or allowable in whole or in part as a claim in any such Insolvency Proceeding), reimbursement or indemnification obligations with respect to Letters
                  of Credit (irrespective of whether contingent), premiums, liabilities (including all amounts charged to any Loan Account pursuant to the Agreement), obligations (including indemnification obligations), fees (including the fees provided
                  for in the Fee Letter), Lender Group Expenses (including any fees or expenses that accrue after the commencement of an Insolvency Proceeding, regardless of whether allowed or allowable in whole or in part as a claim in any such Insolvency
                  Proceeding), guaranties, and all covenants and duties of any other kind and description owing by any other Loan Party arising out of, under, pursuant to, in connection with, or evidenced by the Agreement or any of the other Loan Documents
                  and irrespective of whether for the payment of money, whether direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising, and including all interest not paid when due and all other expenses or
                  other amounts that Borrowers are required to pay or reimburse by the Loan Documents or by law or otherwise in connection with the Loan Documents, and (b) all Bank Product Obligations.  Without limiting the generality of the foregoing, the
                  Obligations of Borrowers under the Loan Documents include the obligation to pay (i) the principal of the Revolving Loans, (ii) interest accrued on the Revolving Loans, (iii) the amount necessary to reimburse Issuing Bank for amounts paid
                  or payable pursuant to Letters of Credit, (iv) Letter of Credit commissions, fees (including fronting fees) and charges, (v) Lender Group Expenses, (vi) fees payable under the Agreement or any of the other Loan Documents, and (vii)
                  indemnities and other amounts payable by any other Loan Party under any Loan Document.  Any reference in the Agreement or in the Loan Documents to the Obligations shall include all or any portion thereof and any extensions, modifications,
                  renewals, or alterations thereof, both prior and subsequent to any Insolvency Proceeding.

                 

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

                 

                “OFAC Sanctions Programs” means the laws, regulations and Executive Orders administered by OFAC, including but not limited to, Executive Order No. 13224 on Terrorist Financing,
                  effective September 24, 2001, as it has been or shall thereafter be renewed, extended, amended, or replaced, and the list of Specially Designated Nationals and Blocked Persons administered by OFAC, as such list may be amended from time to
                  time.

                 

                “Originating Lender” has the meaning specified therefor in Section 13.1(e) of the Agreement.

                 

                “Other Connection Taxes” means, with respect to a Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction or taxing
                  authority imposing the Tax (other than any such connection 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).

                 

                

                
                  - 41 -

                  
                    

                

                “Other Taxes” means all present or future stamp, court or 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 Section 2.13(b) or Section 14.2).

                 

                “Overadvance” means, as of any date of determination, that the Total Revolver Usage is greater than any of the limitations set forth in Section 2.1 or Section 2.11.

                 

                “Parent” has the meaning specified therefor in the preamble to the Agreement.

                 

                “Participant” has the meaning specified therefor in Section 13.1(e) of the Agreement.

                 

                “Participant Register” has the meaning set forth in Section 13.1(f) of the Agreement.

                 

                “Patent Security Agreement” has the meaning specified therefor in the Guaranty and Security Agreement.

                 

                “Patriot Act” has the meaning specified therefor in Section 4.13 of the Agreement.

                 

                “Payment Conditions” means, with respect to any transaction or payment, the following:

                 

                (a)        as of the date of any such transaction or payment, and after giving effect thereto, no Default or Event of Default shall exist or have occurred and be
                  continuing,

                 

                (b)        as of the date of any such transaction or payment, on a pro forma basis after giving effect thereto, Total Excess Availability shall be greater than or equal
                  to fifteen percent (15%) of the Maximum Revolver Amount,

                 

                (c)        for the thirty (30) day period immediately preceding such transaction or payment, average Total Excess Availability shall be greater than or equal to fifteen
                  percent (15%) of the Maximum Revolver Amount,

                 

                (d)         as of the date of any such transaction or payment and after giving effect thereto, Parent’s Fixed Charge Coverage Ratio, calculated for the preceding
                  trailing twelve month period ending closest to the date on which the transaction or payment shall have been consummated, determined on a pro forma basis as if such transaction or payment had been consummated during or at the end of such
                  period, shall not be less than 1.00 to 1.00.

                 

                (e)        as of the date of any such transaction or payment and after giving effect thereto, Parent and its Subsidiaries on a consolidated basis shall be Solvent and
                  Administrative Agent shall have received a customary officer’s certificate with respect thereto, and

                 

                (f)         Administrative Agent shall have received a certificate of a Financial Officer, certifying as to compliance with the preceding clauses and demonstrating (in
                  reasonable detail) the calculations required thereby.

                 

                
                  - 42 -

                  
                    

                

                “PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA and any successor entity performing similar functions.

                 

                “Permitted Acquisitions” means any Acquisition by Parent or any other Loan Party, so long as:

                 

                (a)          both before and immediately after giving effect thereto, each of the Payment Conditions is satisfied,

                 

                (b)          a substantial portion of the business of such acquired Person or business consists of one or more Permitted Businesses,

                 

                (c)         each US Subsidiary and/or Australian Subsidiary resulting from such Acquisition (and which survives such Acquisition), other than any Excluded Subsidiary, shall become a Loan
                  Party and 100% of the Equity Interests of each such Subsidiary shall be owned directly by Parent and/or Loan Parties and shall have been pledged pursuant to the applicable Loan Documents (subject to the limitations of the pledge of Equity
                  Interests of Foreign Subsidiaries set forth in the definition of “Collateral and Guarantee Requirement”), in each case, in accordance with and within the time periods provided for in Section 5.11 of this Agreement and the applicable Loan
                  Documents,

                 

                (d)      the Collateral and Guarantee Requirement shall have been satisfied with respect to each such US Subsidiary and/or Australian Subsidiary (other than any Excluded Subsidiary) in
                  accordance with and within the time periods provided for in Section 5.11 of this Agreement and the applicable Loan Documents,

                 

                (e)        such Acquisition shall be consensual and shall been approved by the board of directors (or comparable body) of the Person to be acquired and such Person has not announced that
                  it will oppose such Acquisition or shall not have commenced an action which alleges that such Acquisition will violate applicable law,

                 

                (f)        no Indebtedness will be incurred, assumed, or would exist with respect to any Loan Party or their Subsidiaries as a result of such Acquisition, other than Indebtedness
                  permitted under clause (f) of the definition of Permitted Indebtedness and no Liens will be incurred, assumed, or would exist with respect to the assets of any Loan Party or their Subsidiaries as a result of such Acquisition other than
                  Permitted Liens,

                 

                (g)         Borrowers have provided Administrative Agent with written confirmation, supported by reasonably detailed calculations, that on a pro forma
                  basis (including pro forma adjustments arising out of events which are directly attributable to such proposed Acquisition, are factually supportable, and are expected to have a continuing impact,
                  in each case, determined as if the combination had been accomplished at the beginning of the relevant period; such eliminations and inclusions to be calculated by adding the historical combined financial statements of Parent (including
                  the combined financial statements of any other Person or assets that were the subject of a prior Permitted Acquisition during the relevant period) to the historical consolidated financial statements of the Person to be acquired (or the
                  historical financial statements related to the assets to be acquired) pursuant to the proposed Acquisition, Parent and its Subsidiaries (i) would have been in compliance with the financial covenants in Section 7 of the Agreement
                  for the fiscal quarter ended immediately prior to the proposed date of consummation of such proposed Acquisition, and (ii) are projected to be in compliance with the financial covenants in Section 7 of the Agreement for each of
                  the 4 fiscal quarters in the period ended one year after the proposed date of consummation of such proposed Acquisition,

                 

                
                  - 43 -

                  
                    

                

                (h)      Borrowers have provided Administrative Agent with its due diligence package relative to the proposed Acquisition, including forecasted balance sheets, profit and loss statements,
                  and cash flow statements of the Person or assets to be acquired, all prepared on a basis consistent with such Person’s (or assets’) historical financial statements, together with appropriate supporting details and a statement of
                  underlying assumptions for the one (1) year period following the date of the proposed Acquisition, on a quarter by quarter basis), but excluding for purposes of this clause (h) any Protected Information,

                 

                (i)        Borrowers have provided Administrative Agent with written confirmation, supported by reasonably detailed calculations, that after giving pro forma effect to such Acquisition,
                  the assets being acquired or the Person whose Equity Interests are being acquired will not have a negative effect on Consolidated EBITDA of Parent and its Subsidiaries,

                 

                (j)        Borrowers have provided Administrative Agent with written notice of the proposed Acquisition at least fifteen (15) Business Days prior to the anticipated closing date of the
                  proposed Acquisition and, not later than five (5) Business Days prior to the anticipated closing date of the proposed Acquisition, copies of the acquisition agreement and other material documents relative to the proposed Acquisition, but
                  excluding for purposes of this clause (j) any Protected Information, and

                 

                (k)        the assets being acquired (other than a de minimis amount of assets in relation to the assets being acquired) are located within the
                  United States, Canada, Australia or the jurisdiction of organization of any Discretionary Guarantor, or the Person whose Equity Interests are being acquired is organized in a jurisdiction located within the United States, Canada,
                  Australian or the jurisdiction of organization of any Discretionary Guarantor; provided, that, (i) an Acquisition by Parent of the assets of, or Equity Interests in, Camilyo (a software company based in Tel Aviv, Israel),
                  which otherwise satisfies clauses (a) through (j) of this definition, shall not be excluded as a Permitted Acquisition by reason of this clause (k) and (ii) for purposes of clauses (c) and (d) of
                  this definition, Acquisitions, to the extent that any Person or Property acquired in such Acquisition does not become a Guarantor or a part of a Guarantor, shall not be excluded as a Permitted Acquisition by reason of such clauses (c)
                  and (d) as to Acquisitions during the term of this Agreement (for the period commencing after the Fifth Amendment Effective Date) that involve consideration not to exceed the aggregate amount of $25,000,000, except, that,
                  the foregoing dollar cap set forth in clause (ii) above shall not apply to any Acquisition to the extent the Person so acquired (or the Person owning the assets so acquired) becomes a Guarantor even though such Person owns Equity
                  Interests in Persons that are not otherwise required to become Guarantors hereunder, if not less than 80% of the Consolidated EBITDA of the Person(s) acquired in such Acquisition (for this purpose and for the component definitions used
                  therein, determined on a consolidated basis for such Persons and their respective Subsidiaries) is generated by Person(s) that will become Guarantors (i.e., disregarding any Consolidated EBITDA generated by Subsidiaries of such Guarantors
                  that are not (or will not become) Guarantors).

                 

                “Permitted Business” means the telephone and internet, targeted print, marketing, digital and directory services businesses (including CRM applications) and businesses reasonably
                  related, incidental or ancillary thereto or any business or activity that is reasonably similar thereto or a reasonable extension, development or expansion thereof or ancillary thereto.

                 

                “Permitted Discretion” means a determination made in good faith and the exercise of reasonable (from the perspective of a secured asset-based lender) business judgment.

                 

                “Permitted Dispositions” means:

                 

                
                  - 44 -

                  
                    

                

                (a)          Dispositions of (i) inventory in the ordinary course of business and/or (ii) used, surplus, obsolete or worn-out assets no longer used or useful in the business of Parent or
                  any of its Subsidiaries;

                 

                (b)          Dispositions to Parent or a Subsidiary; provided, that any such Dispositions made to any Subsidiary that is not a Loan Party shall be made in compliance with Section

                    6.10;

                 

                (c)          sale and leaseback transactions permitted by Section 6.4(b);

                 

                (d)          sales, transfers and other dispositions of assets (other than ABL Priority Collateral and Equity Interests in a Subsidiary) to bona fide third parties that are not Affiliates
                  of Parent and that are not permitted by any other clause of this Section; provided, that, (i) the aggregate cumulative fair market value of all assets sold, transferred or otherwise disposed of after the Term Loan Closing
                  Date in reliance upon this clause (d) shall not exceed $20,000,000 and (ii) at least 75% of the consideration for such disposition shall consist of cash or Permitted Investments;

                 

                (e)          licensing or sublicensing (other than exclusive licenses or sublicenses) of Intellectual Property in the ordinary course of business in a manner that does not, and could not
                  reasonably be expected to, materially interfere with the business of Parent and its Subsidiaries, taken as a whole;

                 

                (f)          the expiration of Intellectual Property in accordance with its statutory term or the abandonment or lapse of intellectual property in the ordinary course of business, in each
                  case in a manner that does not, and could not reasonably be expected to, materially interfere with the business of Parent and its Subsidiaries, taken as a whole;

                 

                (g)         abandonment or lapse of Intellectual Property in the ordinary course of business in a manner that does not, and could not reasonably be expected to, materially interfere with
                  the business of the Borrowers, taken as a whole;

                 

                (h)       Dispositions of cash or Cash Equivalents in a manner that is not prohibited by the terms of this Agreement or the other Loan Documents;

                 

                (i)          the write-off, discount, sale or other Disposition, in each case without recourse, of accounts receivable and similar obligations arising in the ordinary course of business,
                  but only in connection with the compromise or collection thereof;

                 

                (j)          the sale of Dispositions of accounts receivable in connection with, and as contemplated by, the Billing and Collection Agreement;

                 

                (k)          any involuntary loss, damage or destruction of property;

                 

                (l)       any involuntary condemnation, seizure or taking, by exercise of the power of eminent domain or otherwise, or confiscation or requisition of use of property;

                 

                (m)      leases, subleases, licenses or sublicenses of real or personal property granted by Parent or any of its Subsidiaries to others in the ordinary course of business not detracting
                  from the value of such real or personal property or interfering in any material respect with the business of Parent or any of its Subsidiaries, taken as a whole;

                 

                
                  - 45 -

                  
                    

                

                (n)          the Specified Disposition; provided that at the time of such Specified Disposition and after giving effect thereto, no Default or Event of Default shall have occurred and
                  continuing or would result therefrom;

                 

                (o)          the Disposition, termination or unwinding of any Hedge Agreement;

                 

                (p)          the making of any Permitted Investment; and

                 

                (q)          Dispositions pursuant to any other transaction permitted in accordance with Section 6.3;

                 

                provided, that (x) all Dispositions permitted pursuant to clauses (c), (d), (h), (j) and (n) shall be made for at least 75% cash
                  consideration (and any Designated Non-Cash Consideration received in respect of all such Dispositions having an aggregate fair market value not in excess of $5,000,000 shall be deemed to be cash), and (y) all sales, transfers, leases and
                  other dispositions permitted by clauses (a)(i), (c), (d) and (n) above shall be made for fair value as determined in good faith by Administrative Borrower.

                 

                “Permitted Encumbrances” means:

                 

                (r)         Liens imposed by law for taxes, assessments and other governmental charges or levies (excluding any Lien imposed pursuant to any of the provisions of ERISA or Environmental
                  Laws) that (i) (A) are not yet delinquent and payable or as to which the period of grace (not to exceed thirty (30) days), if any, related thereto has not expired or (B) the underlying taxes are the subject of Permitted Protests and (ii)
                  do not have priority over Administrative Agent’s Lien;

                 

                (s)       carriers’, warehousemen’s, mechanics’, materialmen’s, landlord’s, repairmen’s and other like Liens imposed by law, arising in the ordinary course of business and securing
                  obligations that are not overdue by more than 30 days or are the subject of Permitted Protests;

                 

                (t)          pledges and deposits made in the ordinary course of business in connection with, or to secure payment of, obligations under workers’ compensation, unemployment insurance and
                  other types of social security or similar legislation, or to secure the performance of bids, trade contracts and leases (other than Indebtedness), statutory obligations, surety bonds (other than bonds related to judgments or litigation),
                  performance bonds, bank guarantees and other obligations of a like nature incurred in the ordinary course of business or in connection with the Sunshine Acquisition;

                 

                (u)          deposits to secure the performance of bids, trade contracts, leases, statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature,
                  in each case in the ordinary course of business;

                 

                (v)          judgment Liens in respect of judgments or attachments that do not constitute a Default or an Event of Default under Section 8.3;

                 

                (w)          easements, zoning restrictions, rights-of-way, encroachments, other survey defects, rights or restrictions on Real Property that would be shown by a current, accurate survey
                  or physical inspection, and similar encumbrances or irregularities in title or on record of Real Property, which in the aggregate are not substantial in amount and do not, or could not reasonably be expected to, materially detract from
                  the value of the affected property or interfere with the ordinary conduct of business of the Parent or any of its Subsidiaries;

                 

                
                  - 46 -

                  
                    

                

                (x)        (i) Liens of a collecting bank arising in the ordinary course of business under Section 4-210 of the Uniform Commercial Code in effect in the relevant jurisdiction, (ii) Liens
                  of any depositary bank in connection with statutory, common law and contractual rights of setoff and recoupment with respect to any deposit account of the Borrowers or any Subsidiary thereof, (iii) Liens arising out of conditional sale,
                  title retention, consignment or similar arrangements for the sale of any assets or property in the ordinary course of business and permitted pursuant to Section 6.4 and (iv) Liens or rights of setoff against credit balances of
                  Parent or any of its Subsidiaries with credit card issuers or credit card processors, or amounts owing by such credit card issuers or credit card processors to Parent or any of its Subsidiaries in the ordinary course of business, but not
                  Liens on or rights of setoff against any other property or assets of Parent or any of its Subsidiaries, pursuant to applicable credit card agreements to secure the obligations of Parent or any of its Subsidiaries to such credit card
                  issuers or credit card processors as a result of fees and chargebacks;

                 

                (y)       (i) leases, subleases, non-exclusive licenses or sublicenses granted to others in the ordinary course of business which do not (A) interfere in any material respect with the
                  business of Parent or its Subsidiaries or (B) secure any Indebtedness and (ii) any interest or title of a lessor, sub-lessor, non-exclusive licensor or sub-licensor under leases, subleases, non-exclusive licenses or sublicenses entered
                  into by any of Parent and its Subsidiaries as non-exclusive licensee, sub-licensee, lessee or sub-lessee in the ordinary course of business (and covering only the assets so leased or licensed) or any customary restriction or encumbrance
                  with respect to the Property subject to any such lease, sublease, non-exclusive license or sublicense which do not (A) interfere in any material respect with the business of Parent or its Subsidiaries or (B) secure any Indebtedness;

                 

                (z)         the licensing or sublicensing (other than exclusive licenses or sublicenses) of Intellectual Property in the ordinary course of business in a manner that does not, or could
                  not reasonably be expected to, materially interfere with the business of Parent and its Subsidiaries;

                 

                (aa)      any provision for the retention of title to any property by the vendor or transferor of such property, which property is acquired by Parent or a Subsidiary of Parent in a
                  transaction entered into in the ordinary course of business of Parent or such Subsidiary of Parent and for which kind of transaction it is normal market practice for such retention of title provision to be included; and

                 

                (bb)      (i) Liens on Equity Interests of joint ventures securing capital contributions thereto and (ii) customary rights of first refusal and tag, drag and similar rights in joint
                  venture agreements and agreements, in each case, with respect to Non-Wholly-Owned Subsidiaries which are not Loan Parties;

                 

                provided, that the term “Permitted Encumbrances” shall not include any Lien securing Indebtedness.

                 

                “Permitted Holder” means, collectively, (a) Mudrick and its Affiliates and (b) any fund or investment vehicle that (i) is organized by Mudrick for the purpose of making equity or
                  debt investments in one or more companies and (ii) is advised, managed or controlled by, or under common control or management with, Mudrick, but in each case, excluding any portfolio companies of Mudrick or any portfolio companies of its
                  co-investors. For purposes of this definition “control” means the power to direct or cause the direction of management and policies of a Person, whether by contract or otherwise.

                 

                “Permitted Indebtedness” means:

                 

                (a)          Indebtedness evidenced by the Loan Documents and any Bank Product Agreements;

                 

                
                  - 47 -

                  
                    

                

                (b)          Indebtedness set forth on Schedule 4.14 to the Agreement and any Refinancing Indebtedness in respect of such Indebtedness;

                 

                (c)          Permitted Intercompany Advances;

                 

                (d)          (i) Guarantees by Parent of Indebtedness of any other Loan Party and by any of its Subsidiaries of Indebtedness of Parent or any other Loan Party and (ii) Guarantees by any
                  Loan Party of Indebtedness of any Subsidiary that is not a Loan Party (to the extent constituting a Permitted Investment (other than under clause (e) of such definition);

                 

                (e)        Indebtedness and Attributable Debt of Parent or any of its Subsidiaries incurred to finance the acquisition, construction or improvement of any fixed or capital assets,
                  including Capitalized Lease Obligations and any Indebtedness assumed in connection with the acquisition of any such assets or secured by a Lien on any such assets prior to the acquisition thereof, and extensions, renewals, refinancings
                  and replacements of any such Indebtedness that do not increase the outstanding principal amount thereof (other than by an amount not greater than fees and expenses, including premium and defeasance costs, associated therewith) or result
                  in a decreased average weighted life thereof; provided, that (1) such Indebtedness or Attributable Debt is incurred prior to or within 90 days after such acquisition or the completion of such construction or improvement and (2)
                  the aggregate principal amount of Indebtedness and Attributable Debt permitted by this clause (v), shall not exceed $30,000,000 at any time outstanding;

                 

                (f)        Indebtedness of any Person that becomes a Subsidiary of any Loan Party after the Closing Date and Refinancing Indebtedness in respect thereof; provided, that (A) such
                  Indebtedness (other than Refinancing Indebtedness) exists at the time such Person becomes a Subsidiary and is not created in contemplation of or in connection with such Person becoming a Subsidiary (except to the extent such Indebtedness
                  refinanced other Indebtedness to facilitate such entity becoming a Subsidiary) and (B) the aggregate principal amount of Indebtedness permitted by this clause (vi) shall not exceed $50,000,000 at any time outstanding;

                 

                (g)          the incurrence by any Loan Party of Indebtedness under Hedge Agreements that are incurred for the bona fide purpose of hedging the interest rate, exchange rate, commodity
                  price, or foreign currency risks associated with such Loan Party’s operations and not for speculative purposes,

                 

                (h)         Indebtedness under the Term Loan Credit Agreement in an aggregate principal amount not to exceed the Term Debt Cap (as such term is
                  defined in the Intercreditor Agreement, as in effect on the date hereof) and any refinancings, renewals, substitutions or extensions of all of such Indebtedness; provided, however, that (i) the interest rate applicable
                  thereto shall be a market interest rate, (ii) the scheduled maturity date for such Indebtedness is on or after the Maturity Date, (iii) such Indebtedness has an equal or longer weighted average life to maturity than the Term Loan as of
                  the Fifth Amendment Effective Date, (iv) after giving effect to any such refinancing, renewal, substitution or extension, the amount of such Indebtedness is not greater than the amount of Term Loan Cap, (v) such Indebtedness does not have
                  terms and conditions that would result in a material increase with respect to mandatory prepayments from the terms and conditions of the Term Loan Credit Agreement as of the Fifth Amendment Effective Date and (vi) the Liens on the ABL
                  Priority Collateral securing any such obligations shall remain subordinate to the Liens on the ABL Priority Collateral securing the Obligations subject to the Intercreditor Agreement or intercreditor arrangements on substantially the same
                  terms and conditions as in effect immediately prior to such refinancing, renewal, substitution or extension;

                 

                
                  - 48 -

                  
                    

                

                (i)       Indebtedness in an amount not to exceed $15,000,000 at any time outstanding of the Borrowers or any Subsidiary required in connection with cash management services and
                  arrangements (other than pursuant to the Loan Documents);

                 

                (j)         (i) endorsement of instruments or other payment items for deposit in the ordinary course of business and/or (ii) unsecured Indebtedness incurred in respect of netting
                  services, overdraft protection, and other like services, in each case, incurred in the ordinary course of business;

                 

                (k)         Indebtedness owed to any Person providing property, casualty, liability, or other insurance to any Borrower or any of its Subsidiaries, so long as the amount of such
                  Indebtedness is not in excess of the amount of the unpaid cost of, and shall be incurred only to defer the cost of, such insurance for the year in which such Indebtedness is incurred and such Indebtedness is outstanding only during such
                  year;

                 

                (l)        contingent liabilities in respect of any indemnification obligation, adjustment of purchase price, non-compete, earn-out or similar obligation of any Loan Party or its
                  Subsidiaries that are subordinated to the Obligations on terms satisfactory to the Administrative Agent incurred in connection with the consummation of one or more Permitted Acquisitions (including the Sunshine Acquisition);

                 

                (m)        Indebtedness composing Permitted Investments;

                 

                (n)        any other Indebtedness incurred by any Loan Party or any of their Subsidiaries in an aggregate outstanding amount not to exceed $25,000,000 at any one time;

                 

                (o)         Permitted Unsecured Indebtedness and/or Subordinated Indebtedness in an aggregate principal amount not to exceed $500,000,000 at any time outstanding;

                 

                (p)       Indebtedness under performance bonds, surety bonds, release, appeal and similar bonds, statutory obligations or with respect to workers’ compensation claims, in each case
                  incurred in the ordinary course of business or in connection with the Sunshine Acquisition, and reimbursement obligations in respect of any of the foregoing;

                 

                (q)       Indebtedness arising under (i) the letters of credit of the Australian Sunshine Entities assumed by any Loan Party or any of its Subsidiaries pursuant to the Sunshine
                  Acquisition Agreement and (ii) any bank guarantees issued in connection with such assumed letters of credit referred to in clause (i) in an aggregate amount not to exceed AUS$3,325,021.39;

                 

                (r)         Indebtedness consisting of promissory notes issued to current or former officers, directors and employees (or their respective family members, estates or trusts or other
                  entities for the benefit of any of the foregoing) of Parent or its Subsidiaries to purchase or redeem Equity Interests or options of Parent permitted pursuant to clause (i) of the definition of “Permitted Investments”; provided,
                  that the aggregate principal amount of all such Indebtedness shall not exceed $5,000,000 at any time outstanding; and

                 

                (s)         the intercompany note issued on the Fifth Amendment Effective Date by Thryv Parabolica Limited, an entity organized under the laws of Malta, as issuer, in favor of Thryv Ausco
                  in connection with the Sunshine Acquisition.

                 

                
                  - 49 -

                  
                    

                

                “Permitted Intercompany Advances” means loans made by (a) a Loan Party to another Loan Party, (b) a Subsidiary of Parent that is not a Loan Party to another Subsidiary of Parent
                  that is not a Loan Party, (c) a Subsidiary of Parent that is not a Loan Party to a Loan Party, so long as the parties thereto are party to the Intercompany Subordination Agreement, or (d) a Loan Party to a Subsidiary that is not a Loan
                  Party in amount not to exceed $25,000,000 at any time outstanding, provided, that, as of the date of the making of any such loan in connection with this clause (d), and after giving effect thereto, no Default or Event of
                  Default shall exist or have occurred and be continuing.

                 

                “Permitted Investments” means:

                 

                (a)          Investments in cash and Cash Equivalents,

                 

                (b)         Investments existing on the date hereof and set forth on Schedule P-1, and any modification, replacement, renewal or extension thereof so long as such modification,
                  renewal or extension thereof does not increase the amount of such original Investment except as otherwise permitted by Section 6.9;

                 

                (c)       to the extent not otherwise constituting a Permitted Intercompany Advance, other Investments (i) by Parent or its Subsidiaries in Subsidiaries that are Loan Parties immediately
                  prior to the time of such Investments, except, that, (A) no Borrower shall make Investments of any ABL Priority Collateral to any Guarantor, (B) no US Borrower shall make Investments of any ABL Priority Collateral to any
                  Australian Borrower and (C) no Australian Borrower shall make Investments of any ABL Priority Collateral to any US Borrower, and (ii) by any Subsidiary that is not a Loan Party in the Parent or any other Subsidiary;

                 

                (d)          Investments by Parent or any of its Subsidiaries consisting of capital expenditures permitted by this Agreement;

                 

                (e)          guarantees constituting Indebtedness permitted by Section 6.1;

                 

                (f)          Investments (including debt obligations and equity securities) received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts and
                  disputes with, customers and suppliers, in each case in the ordinary course of business;

                 

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

                 

                (h)          Investments consisting of non-cash consideration received in respect of Dispositions to the extent permitted by Section 6.4;

                 

                (i)          Investments in the form of loans and advances by Parent and any of its Subsidiaries to their officers, directors and employees in the ordinary course of business in an
                  aggregate amount at any time outstanding not in excess of $5,000,000;

                 

                (j)         other Investments in cash, so long as, as of the date of making any such Investment, and after giving effect thereto, each of the Payment Conditions shall have been satisfied;

                 

                (k)          Permitted Acquisitions;

                 

                (l)          Hedge Agreements entered into in compliance with this Agreement;

                 

                (m)        Permitted Intercompany Advances;

                 

                (n)         deposits of cash made in the ordinary course of business to secure performance of operating leases;

                 

                
                  - 50 -

                  
                    

                

                (o)          Investments held by a Person acquired in a Permitted Acquisition to the extent that such Investments were not made in contemplation of or in connection with such Permitted
                  Acquisition and were in existence on the date of such Permitted Acquisition;

                 

                (p)          Investments in negotiable instruments deposited or to be deposited for collection in the ordinary course of business;

                 

                (q)          advances made in connection with purchases of goods or services in the ordinary course of business;

                 

                (r)        Investments received in settlement of amounts due to any Loan Party or any of its Subsidiaries effected in the ordinary course of business or owing to any Loan Party or any of
                  its Subsidiaries as a result of Insolvency Proceedings involving an account debtor or upon the foreclosure or enforcement of any Lien in favor of a Loan Party or its Subsidiaries;

                 

                (s)          Investments consisting of notes receivable of, or prepaid royalties and other credit extensions, to customers and suppliers who are not Affiliates, in the ordinary course of
                  business;

                 

                (t)          the Sunshine Acquisition and any Investments made in connection therewith on the date of the consummation thereof;

                 

                (u)          without duplication, Investments in the form of Restricted Payments permitted pursuant to Section 6.7; and

                 

                (v)          the ownership by Thryv of Equity Interests of ChinaBig existing as of the Fifth Amendment Effective Date.

                 

                “Permitted Liens” means

                 

                (a)          Liens created under the Loan Documents;

                 

                (b)          Liens on the Collateral securing Indebtedness and other obligations under the Term Loan Documents; provided, that such Liens are subject at all times to the
                  Intercreditor Agreement;

                 

                (c)          Permitted Encumbrances;

                 

                (d)       any Lien existing on the Closing Date and set forth in Schedule P-2 on any property or asset of Parent or any of its Subsidiaries; provided, that (A) such Lien
                  shall not apply to any other property or asset of Parent or any of its Subsidiaries (other than proceeds) and (B) such Lien shall secure only those obligations which it secures on the date hereof and extensions, renewals, refinancings and
                  replacements thereof that do not increase the outstanding principal amount thereof or result in an earlier maturity date or decreased weighted average life thereof;

                 

                (e)       any Lien existing on any property or asset prior to the acquisition thereof by Parent or any of its Subsidiaries or existing on any property or asset of any Person that becomes
                  a Subsidiary after the Closing Date prior to the time such Person becomes a Subsidiary; provided, that (A) such Lien is not created in contemplation of or in connection with such acquisition or such Person becoming a Subsidiary,
                  as the case may be, (B) such Lien shall not apply to any other property or assets of Parent or any of its Subsidiaries (other than proceeds) and (C) such Lien shall secure only those obligations which it secures on the date of such
                  acquisition or the date such Person becomes a Subsidiary, as the case may be and extensions, renewals, refinancings and replacements thereof that do not increase the outstanding principal amount thereof (other than by an amount not in
                  excess of fees and expenses, including premium and defeasance costs, associated therewith) or result in a decreased average weighted life thereof;

                 

                
                  - 51 -

                  
                    

                

                (f)         Liens securing Indebtedness permitted under clause (e) of the definition of “Permitted Indebtedness”; provided, that (A) such Liens shall be created substantially
                  simultaneously with the acquisition, repair, construction, improvement or lease, as applicable, of the related property, (B) such Liens do not at any time encumber any property other than the
                  property financed or improved by such Indebtedness, (C) the amount of Indebtedness secured thereby is not increased and (D) the principal amount of Indebtedness secured by any such Lien shall at no time exceed one hundred percent (100%)
                  of the original price for the purchase, repair, construction, improvement or lease amount (as applicable) of such property at the time of purchase, repair, construction, improvement or lease (as applicable);

                 

                (g)       Liens on cash collateral and deposit accounts maintained by the lienholder as depository bank to secure (i) Indebtedness incurred pursuant to clause (i) of the definition of
                  Permitted Indebtedness and/or (ii) Indebtedness incurred pursuant to clause (q) of the definition of Permitted Indebtedness; provided, that, in the case of clause (ii), the amount of such cash collateral shall not exceed
                  the aggregate amount of such Indebtedness permitted pursuant to such clause (q);

                 

                (h)        Liens granted in the ordinary course of business on the unearned portion of insurance premiums securing the financing of insurance premiums to the extent the financing is
                  permitted under the definition of Permitted Indebtedness;

                 

                (i)          Liens solely on any cash earnest money deposits made by a Borrower or any of its Subsidiaries in connection with any letter of intent or purchase agreement with respect to a
                  Permitted Acquisition;

                 

                (j)          Liens for unpaid taxes, assessments, or other governmental charges or levies that either (i) are not yet delinquent, or (ii) do not have priority over Administrative Agent’s
                  Liens and the underlying taxes, assessments, or charges or levies are the subject of Permitted Protests;

                 

                (k)       Liens arising from the filing of precautionary UCC-1 financing statement that are filed by lessors with respect to operating leases entered into by the Loan Parties in the
                  ordinary course of business;

                 

                (l)          Liens or rights of setoff against credit balances of Borrowers with Credit Card Issuers or Credit Card Processors or amounts owing by such Credit Card Issuers or Credit Card
                  Processors to Borrowers in the ordinary course of business, but not Liens on or rights of setoff against any other property or assets of Borrowers, pursuant to the Credit Card Agreements to secure the obligations of Borrowers to the
                  Credit Card Issuers or Credit Card Processors as a result of fees and chargebacks;

                 

                (m)        Liens on cash collateral (and any deposit account which exclusively holds such cash collateral) maintained by such depository bank to secure Indebtedness incurred pursuant to clause

                    (q) of “Permitted Indebtedness”; provided that the amount of such cash collateral shall not exceed the aggregate amount of the Indebtedness permitted pursuant to clause (q) of “Permitted Indebtedness”;

                 

                (n)       (i) Liens not otherwise permitted by clauses (a) through (l) of this definition securing obligations other than Indebtedness and (ii) involuntary Liens not
                  otherwise permitted hereunder securing Indebtedness, which in the case of clauses (i) and (ii) hereof, are in not excess of an aggregate amount at any time outstanding of (1) if encumbering Collateral other than ABL Priority Collateral,
                  $25,000,000 and (2) if encumbering ABL Priority Collateral, $1,000,000; and

                 

                
                  - 52 -

                  
                    

                

                (o)        in respect of each Australian Loan Party, a Lien that is a deemed security interest under section 12(3) of the Australian PPSA which does not secure payment or performance of
                  an obligation.

                 

                “Permitted Protest” means the right of any Loan Party or any of their Subsidiaries to protest any Lien (other than any Lien that secures the Obligations), or rental payment; provided
                  that (a) a reserve with respect to such obligation is established on such Loan Party’s or such Subsidiary’s books and records in such amount as is required under GAAP, (b) any such protest is instituted promptly and prosecuted diligently
                  by such Loan Party or its Subsidiary, as applicable, in good faith, and (c) Administrative Agent is satisfied that, while any such protest is pending, there will be no impairment of the enforceability, validity, or priority of any of
                  Agent’s Liens.

                 

                “Permitted Unsecured Indebtedness” means unsecured Indebtedness that (i) provides solely for interest to be payable in-kind and not in cash,  (ii) has a maturity date that is 180
                  days or more after the scheduled maturity date of the Term Loan, (iii) has covenants and other terms which, taken as a whole, are no more restrictive to Parent and its Subsidiaries in any material respect than the terms of this Agreement,
                  taken as a whole, except for terms with respect to such Subordinated Indebtedness that are applicable only to the period after the date that is 180 days after the Latest Maturity Date (as defined in the Term Loan Credit Agreement) in
                  effect at the time of incurrence of such Permitted Unsecured Indebtedness; provided, that such Indebtedness may have covenants and terms that are more restrictive in respect of the incurrence of additional unsecured Indebtedness;
                  provided, further, that a certificate of an authorized officer of Administrative Borrower delivered to the Administrative Agent prior to the incurrence or assumption of such Permitted Unsecured Indebtedness, together with a
                  reasonably detailed description of the material terms and conditions of such Permitted Unsecured Indebtedness and substantially final drafts of the documentation related thereto, stating that Administrative Borrower has determined in good
                  faith that such terms and conditions satisfy the foregoing requirement shall be conclusive evidence that such terms and conditions satisfy the foregoing requirement of clause (iii), and (iv) does not require any payments of
                  principal thereof until the Obligations and the Term Loans have been paid in full.

                 

                “Person” means natural persons, corporations, limited liability companies, limited partnerships, general partnerships, limited liability partnerships, joint ventures, trusts, land
                  trusts, business trusts, or other organizations, irrespective of whether they are legal entities, and governments and agencies and political subdivisions thereof.

                 

                “Plan” means any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA,
                  and in respect of which any Loan Party or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4062 of ERISA be deemed to be) an employer” as defined in Section 3(5) of ERISA.

                 

                “Platform” has the meaning specified therefor in Section 17.9(c) of the Agreement.

                 

                “Pro Rata Share” means, as of any date of determination:

                 

                (a)         with respect to a Lender’s obligation to make all or a portion of the Revolving Loans, with respect to such Lender’s right to receive payments of interest, fees, and principal
                  with respect to the Revolving Loans, and with respect to all other computations and other matters related to the Revolver Commitments or the Revolving Loans, the percentage obtained by dividing (i) the Revolving Loan Exposure of such
                  Lender by (ii) the aggregate Revolving Loan Exposure of all Lenders,

                 

                
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                (b)       with respect to a Lender’s obligation to participate in the Letters of Credit, with respect to such Lender’s obligation to reimburse Issuing Bank, and with respect to such
                  Lender’s right to receive payments of Letter of Credit Fees, and with respect to all other computations and other matters related to the Letters of Credit, the percentage obtained by dividing (i) the Revolving Loan Exposure of such Lender
                  by (ii) the aggregate Revolving Loan Exposure of all Lenders; provided, that if all of the Revolving Loans have been repaid in full and all Revolver Commitments have been terminated, but Letters of Credit remain outstanding, Pro
                  Rata Share under this clause shall be determined as if the Revolver Commitments had not been terminated and based upon the Revolver Commitments as they existed immediately prior to their termination, and

                 

                (c)         with respect to all other matters and for all other matters as to a particular Lender (including the indemnification obligations arising under Section 15.7 of the
                  Agreement), the percentage obtained by dividing (i) the Revolving Loan Exposure of such Lender by (ii) the aggregate Revolving Loan Exposure of all Lenders, in any such case as the applicable percentage may be adjusted by assignments
                  permitted pursuant to Section 13.1; provided, that if all of the Loans have been repaid in full, all Letters of Credit have been made the subject of Letter of Credit Collateralization, and all Commitments have been
                  terminated, Pro Rata Share under this clause shall be determined as if the Revolving Loan Exposures had not been repaid, collateralized, or terminated and shall be based upon the Revolving Loan Exposures as they existed immediately prior
                  to their repayment, collateralization, or termination.

                 

                “Projections” means Parent’s forecasted (a) balance sheets, (b) profit and loss statements, and (c) cash flow statements, all prepared on a basis consistent with Parent’s
                  historical financial statements, together with appropriate supporting details and a statement of underlying assumptions.

                 

                “Protected Information” information (a) in respect of which, and to the extent that, disclosure to Administrative Agent or any Lender (or any of their respective representatives)
                  is prohibited by applicable law, (b) to the extent that such information is subject to any confidentiality agreement (unless mutually agreeable arrangements can be made to preserve such information as confidential in the good faith
                  determination of Administrative Borrower), (c) to the extent that such information is classified or otherwise constitutes non-financial trade secrets or non-financial proprietary information of any Person or (d) to the extent that such
                  information is subject to any attorney-client privilege or similar privilege or constitutes attorney work product; provided, that Administrative Borrower shall notify Administrative Agent if any such information is being withheld
                  as a result of any of clauses (a) through (d) above and shall use its commercially reasonable efforts to describe, to the extent both feasible and permitted under applicable law or applicable confidentiality obligation, or
                  without waiving such attorney-client privilege, as applicable, the applicable information (including via redaction) and seek to obtain necessary waivers to the disclosure of such information; provided, further, that any
                  such confidentiality obligation was not entered into in contemplation of the requirements of this definition.

                 

                “Protective Advances” has the meaning specified therefor in Section 2.3(d)(i) of the Agreement.

                 

                “Public Lender” has the meaning specified therefor in Section 17.9(c) of the Agreement.

                 

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

                 

                “QFC Credit Support” has the meaning specified therefor in Section 17.19 of this Agreement.

                 

                
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                “Qualified Equity Interest” means and refers to any Equity Interests issued by Parent  (and not by one or more of its Subsidiaries) that is not a Disqualified Equity Interest.

                 

                “Real Property” means any freehold estates or interests in real property now owned or hereafter acquired by any Loan Party or one of its Subsidiaries and the improvements thereto.

                 

                “Receivable Reserves” means, as of any date of determination,
                    those reserves that Co-Collateral Agents deem necessary or appropriate, in their Permitted Discretion and subject to Section 2.1(c), to
                    establish and maintain (including Dilution Reserves and reserves for rebates, discounts, warranty claims, and returns) with respect to Eligible Accounts, the Maximum Revolver Amount, the Maximum
                    US Loan Amount or the Maximum Australian Loan Amount.

                 

                “Recipient” means the Administrative Agent, any Lender or any Issuing Bank.

                 

                “Record” means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form.

                 

                “Reference Period” means, as of any date of determination, the period of four (4) consecutive fiscal quarters ended on or immediately prior to such date for which financial
                  statements of Parent and its Subsidiaries have been delivered to the Administrative Agent hereunder.

                 

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

                 

                “Refinanced Debt” has the meaning assigned to such term in the definition of Refinancing Indebtedness.

                 

                “Refinancing Indebtedness” means Indebtedness issued or incurred (including by means of the extension or renewal of existing Indebtedness) to extend, renew or refinance existing
                  Indebtedness (“Refinanced Debt”); provided, that (a) such extending, renewing or refinancing Indebtedness is in an original aggregate principal amount not greater than the aggregate principal amount of, and unpaid interest on, the
                  Refinanced Debt plus the amount of any premiums paid thereon and fees and expenses associated therewith, (b) such Indebtedness has a later maturity and a longer weighted average life than the Refinanced Debt, (c) such Indebtedness bears a
                  market interest rate (as reasonably determined in good faith by the board of directors of Parent) as of the time of its issuance or incurrence, (d) if the Refinanced Debt or any guarantees thereof are subordinated to the Obligations, such
                  Indebtedness and guarantees thereof are subordinated to the Obligations on terms no less favorable to the holders of the Obligations than the subordination terms of such Refinanced Debt or guarantees thereof (and no Loan Party that has
                  not guaranteed such Refinanced Debt guarantees such Indebtedness), (e) such Indebtedness contains covenants and events of default and is benefited by guarantees (if any) which, taken as a whole, are reasonably determined in good faith by
                  the board of directors of Parent not to be materially less favorable to the Lenders than the covenants and events of default of or guarantees (if any) in respect of such Refinanced Debt, (f) if such Refinanced Debt or any guarantees
                  thereof are secured, such Indebtedness and any guarantees thereof are either unsecured or secured only by such assets as secured the Refinanced Debt and guarantees thereof, (g) if such Refinanced Debt and any guarantees thereof are
                  unsecured, such Indebtedness and guarantees thereof are also unsecured, (h) such Indebtedness is issued only by the issuer of such Refinanced Debt and (i) the proceeds of such Indebtedness are applied promptly (and in any event within
                  forty-five (45) days) after receipt thereof to the repayment, repurchase or other retirement of such Refinanced Debt. Notwithstanding anything herein to the contrary, any refinancing, renewal, substitution or extension of the Term Loans
                  permitted pursuant to clause (h) of the definition of “Permitted Indebtedness” shall be deemed to constitute “Refinancing Indebtedness” for all purposes of this Agreement and the other Loan Documents.

                 

                
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                “Register” has the meaning set forth in Section 13.1(e) of the Agreement.

                 

                “Related Fund” means any Person (other than a natural person) that is engaged in making, purchasing, holding or investing in bank loans and
                    similar extensions of credit in the ordinary course and that is administered, advised or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers, advises or manages a Lender.

                 

                “Relevant Governmental Body” means (i) with respect to a Benchmark Replacement in respect of LIBOR Rate Loans denominated in US Dollars, the Board of Governors and/or the Federal
                  Reserve Bank of New York, or a committee officially endorsed or convened by the Board of Governors or the Federal Reserve Bank of New York or, in each case, any successor thereto and (ii) with respect to a Benchmark Replacement in respect
                  of LIBOR Rate Loan denominated in any Agreed Currency (other than US Dollars), (a) the central bank for the currency in which such Benchmark Replacement is denominated or any central bank or other supervisor which is responsible for
                  supervising either (1) such Benchmark Replacement or (2) the administrator of such Benchmark Replacement or (b) any working group or committee officially endorsed or convened by (1) the central bank for the currency in which such
                  Benchmark Replacement is denominated, (2) any central bank or other supervisor that is responsible for supervising either (A) such Benchmark Replacement or (B) the administrator of such Benchmark Replacement, (3) a group of those central
                  banks or other supervisors or (4) the Financial Stability Board or any part thereof.

                 

                “Relevant Rate” means (i) with respect to any LIBOR Rate Loan denominated in US Dollars, the applicable LIBOR Screen Rate or (ii) with respect to any
                  Australian Bill Rate Loan denominated in Australian Dollars, the Australian Bill Rate Screen Rate.

                 

                “Reorganization Plan” means the Debtors’ Joint Prepackaged Chapter 11 Plan for Parent and its debtor Subsidiaries, including any exhibits, supplements, appendices and schedules
                  thereto, dated May 16, 2016 and filed with the bankruptcy court on the petition date, as amended, supplemented or otherwise modified from time to time in accordance with the terms and as confirmed by the bankruptcy court pursuant to the
                  Confirmation Order.

                 

                “Replacement Lender” has the meaning specified therefor in Section 2.13(b) of the Agreement.

                 

                “Report” has the meaning specified therefor in Section 15.16 of the Agreement.

                 

                “Reporting Trigger Period” means the period (a) commencing on the day that (i) an Event of Default occurs and is continuing or (ii) Total Excess Availability is less than fifteen
                  percent (15%) of the Maximum Revolver Amount at such time, and (b) continuing until the date that during the previous ninety (90) consecutive days, (i) no Event of Default has existed and (ii) Total Excess Availability has been greater
                  than fifteen percent (15%) of the Maximum Revolver Amount at such time; provided, however, that Reporting Trigger Period may not be cured as contemplated by clause (b) more than two (2) times in any fiscal year.

                 

                “Required Lenders” means, at any time, Lenders having or holding more than 50% of the sum of the aggregate Revolving Loan Exposure of all Lenders; provided, that (i) the Revolving Loan Exposure of any Defaulting Lender shall be disregarded in the determination of the Required Lenders and (ii) at any time there are three
                  (3) or fewer Lenders (with any Lender and its Affiliates being counted as one Lender for purposes of this definition), Required Lenders shall mean all Lenders.

                 

                
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                “Reserves” means, without duplication, as of any date of determination, those reserves (other than Receivable Reserves and Bank Product Reserves) that Co-Collateral Agents deem
                  necessary or appropriate, in their Permitted Discretion and subject to Section 2.1(c), to establish and maintain (including reserves with respect to (a) sums that any Borrower or its Subsidiaries are required to pay under any
                  Section of the Agreement or any other Loan Document (such as taxes, assessments, insurance premiums, or, in the case of leased assets, rents or other amounts payable under such leases) and has failed to pay, (b) amounts owing by any Loan
                  Party or its Subsidiaries to any Person to the extent secured by a Lien on, or trust over, any of the Collateral (other than a Permitted Lien), which Lien or trust, in the Permitted Discretion of Co-Collateral Agents likely would have a
                  priority superior to Administrative Agent’s Liens (such as Liens or trusts in favor of landlords, warehousemen, carriers, mechanics, materialmen, laborers, or suppliers, or Liens or trusts for ad valorem, excise, sales, or other taxes
                  where given priority under applicable law) in and to such item of the Collateral, and (c) fluctuations in the Exchange Rate of Available Currencies and other currencies into US Dollars) with respect to the Total Borrowing Base, the
                  Maximum Revolver Amount, the Maximum US Loan Amount or the Maximum Australian Loan Amount.

                 

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

                 

                “Restricted Payment” means to (a) declare or pay any dividend or make any other payment or distribution, directly or indirectly, on account of Equity Interests issued by Parent
                  (including any payment in connection with any merger or consolidation involving Parent) or to the direct or indirect holders of Equity Interests issued by Parent in their capacity as such (other than dividends or distributions payable in
                  Qualified Equity Interests issued by Parent, or (b) purchase, redeem, make any sinking fund or similar payment, or otherwise acquire or retire for value (including in connection with any merger or consolidation involving Parent) any
                  Equity Interests issued by Parent, and (c) make any payment to retire, or to obtain the surrender of, any outstanding warrants, options, or other rights to acquire Equity Interests of Parent now or hereafter outstanding, and (d) make, or
                  cause or suffer to permit Parent or any of its Subsidiaries to make, any payment or prepayment of principal of, premium, if any, or interest on, or redemption, purchase, retirement, defeasance (including in-substance or legal defeasance),
                  sinking fund or similar payment with respect to, any Subordinated Indebtedness.

                 

                “Revolver Commitment” means, with respect to each Revolving Lender, its Revolver Commitment, and, with respect to all Revolving Lenders, their Revolver Commitments, in each case as
                  such Dollar amounts are set forth beside such Revolving Lender’s name under the applicable heading on Schedule C-1 to the Agreement or in the Assignment and Acceptance pursuant to which such Revolving Lender became a Revolving
                  Lender under the Agreement, as such amounts may be reduced from time to time pursuant to Section 2.4(c) or assignments made in accordance with the provisions of Section 13.1 of the Agreement.

                 

                “Revolving Lender” means a Lender that has a Revolver Commitment or that has an outstanding Revolving Loan.

                 

                “Revolving Loan Exposure” means, with respect to any Revolving Lender, as of any date of determination (a) prior to the termination of the Revolver Commitments, the amount of such
                  Lender’s Revolver Commitment, and (b) after the termination of the Revolver Commitments, the aggregate outstanding principal amount of the Revolving Loans of such Lender.

                 

                
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                “Revolving Loans” has the meaning specified therefor in Section 2.1(a) of the Agreement.

                 

                “S&P” means Standard & Poor’s Rating Group.

                 

                “Sanctioned Country” means a country or territory or a government of a country or territory that is a target of comprehensive, country-wide or territory-wide Sanctions, including a
                  target of any such Sanctions administered and enforced by OFAC.  For greater certainty, such countries and territories currently consist of Cuba, Iran, North Korea, Syria, and the Crimea Region of Ukraine.

                 

                “Sanctioned Person” means, at any time (a) any Person named on the list of Specially Designated Nationals and Blocked Persons maintained by OFAC, OFAC’s consolidated Non-SDN list
                  or any other Sanctions-related list maintained by any Governmental Authority, (b) a Person or legal entity that is otherwise a target of Sanctions, (c) any Person operating, organized under the law of or resident in a Sanctioned Country,
                  or (d) any Person directly or indirectly majority owned or controlled (individually or in the aggregate) by or acting on behalf of any such Person or Persons described in clauses (a) through (c) above.

                 

                “Sanctions” means individually and collectively, respectively, any and all economic sanctions, trade sanctions, financial sanctions, sectoral sanctions, trade embargoes,
                  anti-terrorism laws and other sanctions laws, regulations or embargoes, including those imposed, administered or enforced from time to time by:  (a) the United States of America, including those administered by OFAC, the U.S. Department
                  of State, the U.S. Department of Commerce, or through any existing or future executive order, (b) the United Nations Security Council, (c) the European Union or any European Union member state, (d) Her Majesty’s Treasury of the United
                  Kingdom, or (e) any other Governmental Authority with jurisdiction over any member of Lender Group or any Loan Party or any of their respective Subsidiaries or Affiliates.

                 

                “SEC” means the United States Securities and Exchange Commission and any successor thereto.

                 

                “Secured Parties” means (a) Administrative Agent (including in its capacity as Australian Security Trustee), (b) Co-Collateral Agents, (c) the Australian Security Trustee, (d) each
                  member of the Lender Group, (e) each Bank Product Provider, (f) the beneficiaries of each indemnification obligation undertaken by any Loan Party under any Loan Document and (g) the successors and assigns of each of the foregoing.

                 

                “Securities Account” means a securities account (as that term is defined in the Code).

                 

                “Securities Act” means the Securities Act of 1933, as amended from time to time, and any successor statute.

                 

                “Sensis Holdings” means Sensis Holding Limited, a private limited company incorporated under the laws of England and Wales.

                 

                “Settlement” has the meaning specified therefor in Section 2.3(e)(i) of the Agreement.

                 

                “Settlement Date” has the meaning specified therefor in Section 2.3(e)(i) of the Agreement.

                 

                
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                “SOFR” with respect to any day means the secured overnight financing rate published for such day by the Federal Reserve Bank of New York, as the administrator of the benchmark, (or
                  a successor administrator) on the Federal Reserve Bank of New York’s Website.

                 

                “Solvent” means, with respect to any Person as of any date of determination, that (a) at fair valuations, the sum of such Person’s debts (including contingent liabilities) is less
                  than all of such Person’s assets, (b) such Person is not engaged or about to engage in a business or transaction for which the remaining assets of such Person are unreasonably small in relation to the business or transaction or for which
                  the property remaining with such Person is an unreasonably small capital,  (c) such Person has not incurred and does not intend to incur, or reasonably believe that it will incur, debts beyond its ability to pay such debts as they become
                  due (whether at maturity or otherwise) and (d) such Person is “solvent” or not “insolvent”, as applicable within the meaning given those terms and similar terms under applicable laws relating to fraudulent transfers and conveyances.  For
                  purposes of this definition, the amount of any contingent liability at any time shall be computed as the amount that, in light of all of the facts and circumstances existing at such time, represents the amount that can reasonably be
                  expected to become an actual or matured liability (irrespective of whether such contingent liabilities meet the criteria for accrual under Statement of Financial Accounting Standard No. 5).

                 

                “Specified Charges” means all expenses, fees, charges and other amounts (other than depreciation or amortization expense) related to (a) the Fifth Amendment Transactions, (b) any
                  Permitted Acquisitions and (c) any offerings of Equity Interests, Investments, dispositions, Restricted Payments, recapitalizations or incurrence of Indebtedness or any other transaction not prohibited under
                  this Agreement, in each case, whether or not consummated, (including, without limitation, any financing fees, merger and acquisition fees, legal fees and expenses, financial advisory fees, due diligence fees
                  or any other fees and expenses in connection therewith), in each case, to the extent paid within nine (9) months of the Fifth Amendment Effective
                  Date or the closing or termination of such other transaction, as applicable, including (i) such fees, expenses, or charges related to the incurrence of the Loans hereunder and all fees, costs, or expenses incurred or paid by Parent, the
                  Borrowers, or any of their respective Subsidiaries in connection Fifth Amendment Transactions, this Agreement, and the other Loan Documents, and the transactions contemplated hereby and thereby, (ii) such fees, expenses, or charges
                  related to the offering of the Loan Documents and any other credit facilities or debt issuances, and (iii) any amendment or other modification of the Loans hereunder or other Indebtedness, and, in each case, deducted (and not added back)
                  in computing Consolidated Net Income.

                 

                “Specified Disposition” means the sale or other disposition of the real property of Parent or its Subsidiaries located in Moraine, Ohio.

                 

                “Specified Transaction” means (a) any Disposition having gross sales proceeds in excess of $25,000,000, (b) any Permitted Acquisition or other similar Investment, (c) the Fifth
                  Amendment Transactions, (d) any capital contribution in respect of Qualified Equity Interests or any issuance of Qualified Equity Interests (other than any Specified Equity Contribution (as defined in the Term Loan Credit Agreement)), and
                  (e) any other event that by the terms of the Loan Documents requires pro forma compliance with a test or covenant hereunder or requires such test or covenant to be calculated on a pro forma basis.

                 

                “Standard Letter of Credit Practice” means, for Issuing Bank, any domestic or foreign law or letter of credit practices applicable in the city in which Issuing Bank issued the
                  applicable Letter of Credit or, for its branch or correspondent, such laws and practices applicable in the city in which it has advised, confirmed or negotiated such Letter of Credit, as the case may be, in each case, (a) which letter of
                  credit practices are of banks that regularly issue letters of credit in the particular city, and (b) which laws or letter of credit practices are required or permitted under ISP or UCP, as chosen in the applicable Letter of Credit.

                 

                
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                “Subordinated Indebtedness” means any unsecured Indebtedness of any Loan Party or any of their Subsidiaries incurred from time to time that is subordinated in right of payment to
                  the Obligations and (a) that is only guaranteed by the Guarantors, (b) that is not subject to scheduled amortization, redemption, sinking fund or similar payment and does not have a final maturity, in each case, on or before the date that
                  is six months after the Maturity Date, (c) that does not include any financial covenants or any covenant or agreement that is more restrictive on any other Loan Party in any material respect than any comparable covenant in the Agreement
                  (except for terms with respect to such Subordinated Indebtedness that are applicable only to the period after the date that is 180 days after the Latest Maturity Date (as defined in the Term Loan Credit Agreement) in effect at the time of
                  incurrence of such Subordinated Indebtedness) and is otherwise on terms and conditions reasonably acceptable to Administrative Agent, provided, that a certificate of an authorized officer of Administrative Borrower delivered to
                  the Administrative Agent prior to the incurrence or assumption of such Subordinated Indebtedness, together with a reasonably detailed description of the material terms and conditions of such Subordinated Indebtedness and substantially
                  final drafts of the documentation related thereto, stating that Administrative Borrower has determined in good faith that such terms and conditions satisfy the foregoing requirement shall be conclusive evidence that such terms and
                  conditions satisfy the foregoing requirement of clause (c); and (d) shall be limited to cross-payment default and cross-acceleration to designated “senior debt” (including the Obligations”), and (e) the terms and conditions of the
                  subordination are reasonably acceptable to Administrative Agent.

                 

                “Subsidiary” means, with respect to any Person (the “parent”) at any date, any corporation, limited liability company, partnership, association or other entity the accounts
                  of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements were prepared in accordance with GAAP as of such date, as well as any other corporation, limited
                  liability company, partnership, association or other entity of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power or, in the case of a partnership, more
                  than 50% of the general partnership interests are, as of such date, owned, controlled or held by the parent or one or more Subsidiaries of the parent or by the parent and one or more Subsidiaries of the parent. Where it relates to any
                  Australian Loan Party, “Subsidiary” means a subsidiary within the meaning given in Part 1.2 Division 6 of the Australian Corporations Act. Unless context otherwise requires, references herein to a “Subsidiary” mean a Subsidiary of the
                  Parent.

                 

                “Sunshine Acquisition” means the acquisition of all the Equity Interests of the Sunshine Entities by Thryv Ausco pursuant to the Sunshine Acquisition Agreement.

                 

                “Sunshine Acquisition Agreement” means that certain Share Purchase Agreement, dated as of the Sunshine Acquisition Effective Date and relating to the Sunshine Acquisition, together
                  with all exhibits and schedules thereto and all agreements expressly contemplated thereby.

                 

                “Sunshine Acquisition Effective Date” means the “Sunshine Acquisition Effective Date” (as such term is defined in the Term Loan Agreement, as in effect on the date hereof).

                 

                “Sunshine Entities” means, collectively, (i) Sensis Holding Limited (UK), a private limited company incorporated under the laws of England and Wales and (ii) the Australian
                  Sunshine Entities.

                 

                
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                “Sunshine SPV” means Sunshine NewCo Pty Ltd., an Australian proprietary limited company, 100% of the Equity Interests of which are directly owned by Telstra immediately prior to
                  the consummation of the Sunshine Acquisition.

                 

                “Sunshine Target” means Project Sunshine I Pty Limited ACN 167 275 818, an Australian proprietary limited company.

                 

                “Supermajority Lenders” means, at any time, Lenders having or holding more than 66 2/3% of the aggregate Revolving Loan Exposure of all Lenders; provided, that (i) the
                  Revolving Loan Exposure of any Defaulting Lender shall be disregarded in the determination of the Required Lenders and (ii) at any time there are fewer than three (3) Lenders (with any Lender and its Affiliates being counted as one Lender
                  for purposes of this definition), Supermajority Lenders shall mean all Lenders.

                 

                “Supported QFC” has the meaning specified therefor in Section 17.18 of the Agreement.

                 

                “Swap Obligation” means, 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.

                 

                “Swing Lender” means Wells Fargo or any other Lender that, at the request of Borrowers and with the consent of Administrative Agent agrees, in such Lender’s sole discretion, to
                  become the Swing Lender under Section 2.3(b) of the Agreement.

                 

                “Swing Loan” has the meaning specified therefor in Section 2.3(b) of the Agreement.

                 

                “Swing Loan Exposure” means, as of any date of determination with respect to any Lender, such Lender’s Pro Rata Share of the Swing Loans on such date.

                 

                “Tax Lender” has the meaning specified therefor in Section 14.2(a) of the Agreement.

                 

                “Taxes” means any taxes, levies, imposts, duties, fees, assessments or other charges of whatever nature now or hereafter imposed by any jurisdiction or by any political subdivision
                  or taxing authority thereof or therein, and all interest, penalties or similar liabilities with respect thereto.

                 

                “Telstra” means Telstra Corporation Limited, an Australian public limited liability company.

                 

                “Telstra Accounts” means Accounts due from Telstra or any of its Affiliates (other than any Loan Party or its Subsidiaries) from the sale of Accounts by any Australian Borrower to
                  Telstra or any of its Affiliates (other than any Loan Party or its Subsidiaries) pursuant to the terms of the White Pages Agreement, dated as of February 28, 2014, as amended, restated, amended and restated, supplemented or otherwise
                  modified from time to time.

                 

                “Term Loan” means the “Term Loans” as defined in the Term Loan Credit Agreement.

                 

                “Term Loan Agent” means Wells Fargo Bank, National Association, in its capacity as administrative agent under the Term Loan Credit Agreement, in its capacity as collateral agent
                  under the “Security Documents” (as defined in the Term Loan Credit Agreement) and, where the context requires, in its capacity as Australian Security Trustee, and each of its successors and assigns in such capacity.

                 

                
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                “Term Loan Cap” has the meaning specified therefor in clause (h) of the definition of “Permitted Indebtedness”.

                 

                “Term Loan Closing Date” means March 1, 2021.

                 

                “Term Loan Credit Agreement” means the Term Loan Credit Agreement, dated as of the Term Loan Closing Date, by and among Parent, Thryv, the Term Loan Agent and Term Loan Lenders, as
                  the same may hereafter be further amended, restated, amended and restated, modified, supplemented, extended, renewed, restated, refinanced or otherwise replaced in accordance with the terms of the Intercreditor Agreement.

                 

                “Term Loan Debt Buyback” shall mean any assignment or repurchase of the Term Loans made pursuant to Section 10.9(g) of the Term Loan Credit Agreement.

                 

                “Term Loan Documents” means the “Loan Documents” as defined in the Term Loan Credit Agreement.

                 

                “Term Loan Lenders” means the lenders from time to time party to the Term Loan Credit Agreement, and each of their successors and assigns in such capacity.

                 

                “Term Loan Payment Conditions” means, with respect to any optional prepayment of the Term Loan pursuant to Section 2.4(a) of the Term Loan Credit Agreement or any Term Loan Debt
                  Buyback, the following:

                 

                (a)         as of the date of any such prepayment or repurchase, and after giving effect thereto, no Default or Event of Default shall exist or have occurred and be continuing,

                 

                (b)         as of the date of any such prepayment or repurchase, on a pro forma basis after giving effect thereto, Liquidity shall be greater than or equal to $30,000,000,

                 

                (c)         for the thirty (30) day period immediately preceding such prepayment or repurchase, average Liquidity shall be greater than or equal to $30,000,000, and

                 

                (d)        as of the date of any such prepayment or repurchase (other than pursuant to Section 2.4(b)(iv) of the Term Loan Credit Agreement) and after giving effect thereto, Parent’s
                  Fixed Charge Coverage Ratio, calculated for the preceding trailing twelve month period ending closest to the date on which the transaction or payment shall have been consummated, shall not be less than 1.00 to 1.00.

                 

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

                 

                “Term SOFR Notice” means a notification by the Administrative Agent to the Lenders and the Borrowers of the occurrence of a Term SOFR Transition Event.

                 

                “Term SOFR Transition Event” means the determination by the Administrative Agent, in consultation with Administrative Borrower, that (a) Term SOFR has been recommended for use by
                  the Relevant Governmental Body, (b) the administration of Term SOFR is administratively feasible for the Administrative Agent and (c) a Benchmark Transition Event or an Early Opt-in Election, as applicable, has previously occurred
                  resulting in the replacement of the applicable then-current Benchmark with respect to any Obligations, interest, fees, commissions or other amounts denominated in US Dollars or calculated with respect thereto for all purposes hereunder
                  and under any Loan Document in accordance with Section 2.12(d)(i)(B) with a Benchmark Replacement the Unadjusted Benchmark Replacement component of which is not Term SOFR.

                 

                
                  - 62 -

                  
                    

                

                “Thryv” has the meaning set forth in the preamble to the Agreement.

                 

                “Thryv Ausco” means Thryv Australia Pty Ltd ACN 638 633 342, an Australian proprietary limited company.

                 

                “TIH” has the meaning set forth in the preamble to the Agreement.

                 

                “Total Availability” means, as of any date of determination, the amount equal to the sum of the following, as of such date: (a) US Availability, plus (b) Australian Availability.

                 

                “Total Borrowing Base” means, as of any date of determination, the amount equal to the sum of (a) the US Borrowing Base, plus (b) the Australian Borrowing Base.

                 

                “Total Excess Availability” means, as of any date of determination, the amount equal to the sum of the following, as of such date: (a) US Excess Availability, plus (b) Australian
                  Excess Availability.

                 

                “Total Revolver Usage” means, as of any date of determination, the amount equal to the sum of the following, as of such date: (a) US Revolver Usage, plus (b) Australian Revolver
                  Usage.

                 

                “Trailing 90 Day Collections” means the aggregate amount of funds actually collected with respect to Accounts during the three (3) consecutive calendar months prior to the date of
                  determination.

                 

                “Trailing 90 Day Collections Report” means a report of the funds collected with respect to Accounts during the prior three (3) calendar months.

                 

                “Trademark Security Agreement” has the meaning specified therefor in the Guaranty and Security Agreement.

                 

                “Tucker Lease” means, collectively, (a) that certain Sublease Agreement, dated as of January 1, 2013, between AT&T Services Inc., a Delaware corporation, as tenant, and YP
                  Texas Region Yellow Pages LLC, a Delaware limited liability company, as subtenant, in respect of the Real Property located at 2245 Northlake Parkway, Tucker, Georgia and (b) that certain Sublease Agreement, dated as of January 1, 2013,
                  between AT&T Services Inc., a Delaware corporation, as tenant, and YP Texas Region Yellow Pages LLC, a Delaware limited liability company, as subtenant, in respect of the Real Property located at 2247 Northlake Parkway, Tucker,
                  Georgia.

                 

                “UCP” means, with respect to any Letter of Credit, the Uniform Customs and Practice for Documentary Credits 2007 Revision, International Chamber of Commerce Publication No. 600 and
                  any subsequent revision thereof adopted by the International Chamber of Commerce on the date such Letter of Credit is issued.

                 

                “UK Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential
                  Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment
                  firms, and certain affiliates of such credit institutions or investment firms.

                 

                
                  - 63 -

                  
                    

                

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

                 

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

                 

                “USD LIBOR” means the London interbank offered rate for Dollars.

                 

                “US Availability” means, as of any date of determination, the amount that US Borrowers are entitled to borrow as US Revolving Loans under Section 2.1 of the Agreement
                  (after giving effect to the then outstanding US Revolver Usage).

                 

                “US Borrower” and “US Borrowers” have the respective meanings specified therefor in the preamble to the Agreement.

                 

                “US Borrowing Base” means, as of any date of determination, as to US Borrowers, the result of:

                 

                (a)          the sum of

                 

                	

                      	(i)	
                        85% of the amount of Eligible Billed Accounts of such US Borrowers, plus

                      

                 

                	

                      	(ii)	
                        65% of the amount of Eligible Installment Accounts of such US Borrowers, plus

                      

                 

                	

                      	(iii)	
                        85% of the amount of Eligible Credit Card Accounts of such US Borrowers, plus

                      

                 

                
                  	 	
                          (iv)

                        	
                          85% of the amount of Eligible Alpha Accounts of such US Borrowers, minus

                        

                

                 

                (b)       without duplication of clause (b) of the definition of “Australian Borrowing Base”, the aggregate amount of reserves, if any, established by Administrative
                  Agent under Section 2.1(c) of the Agreement.

                 

                Notwithstanding the foregoing, in no event shall the sum of clause (a)(ii) above plus clause (a)(ii) of the definition of Australian Borrowing Base exceed seventy-five percent (75%) of
                  the Maximum Revolver Amount.

                 

                “US Dollar Equivalent” means at any time (a) as to any amount denominated in US Dollars, the amount thereof at such time, and (b) as to any amount denominated in any currency other
                  than US Dollars, the equivalent amount in US Dollars calculated by Administrative Agent at such time using the Exchange Rate in effect on the Business Day of determination.

                 

                “US Dollars” or “$” means United States dollars.

                 

                
                  - 64 -

                  
                    

                

                
                “US Excess Availability” means, as of any date of determination, the amount equal to US Availability minus the aggregate amount, if any,
                  of all trade payables of US Borrowers and their Subsidiaries aged in excess of 60 days past their due date.

                 

                “US Guarantors” means, collectively, (a) Parent, (b) TIH, and (c) each other Person organized under the laws of the United States that becomes a US Guarantor after the Closing Date
                  pursuant to Section 5.11 of the Agreement.

                 

                “US Loan Account” has the meaning specified therefor in Section 2.9 of the Agreement.

                 

                “US Loan Party” means any US Borrower or US Guarantor.

                 

                “US Person” means a United States person within the meaning of Section 7701(a)(30) of the IRC.

                 

                “US Revolver Usage” means, as of any date of determination, the sum of (a) the amount of outstanding US Revolving Loans (inclusive of Swing Loans and Extraordinary Advances), plus (b) the amount of the Letter of Credit Usage.

                 

                “US Revolving Loans” has the meaning specified therefor in Section 2.1(a) of the Agreement.

                 

                “US Subsidiary” means any Subsidiary organized under the laws of the United States, any state thereof or the District of Columbia.

                 

                “U.S. Special Resolution Regimes” has the meaning specified therefor in Section 17.18 of this Agreement.

                 

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

                 

                “United States”, “U.S.” or “US” means the United States of America.

                 

                “Unused Line Fee” has the meaning specified therefor in Section 2.10(b) of the Agreement.

                 

                “Voidable Transfer” has the meaning specified therefor in Section 17.8 of the Agreement.

                 

                “Wells Fargo” means Wells Fargo Bank, National Association, a national banking association.

                 

                “Wholly-Owned” means, with respect to a Subsidiary, that all of the Equity Interests of such Subsidiary are, directly or indirectly, owned or controlled by Parent and/or one or
                  more of its Wholly-Owned Subsidiaries (except for directors’ qualifying shares or other shares required by applicable law to be owned by a Person other than Parent and/or one or more of its Wholly-Owned Subsidiaries).

                 

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

                 

                “Write-Down and Conversion Powers” means (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time
                  under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, any powers of the applicable
                  Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that
                  liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of
                  that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.

                 

                

                 

              

            

          

        

      

      
        -65-

        
          

      

      Exhibit B

      

      

      See attached updated Schedules to Amended Credit Agreement.

        

         

          

      

      
        
          

      

      Exhibit C

       

      See attached Amended Guaranty and Security Agreement.EX-10.1

 Exhibit 10.1 

Execution Copy 

SECURITIES PURCHASE AGREEMENT 

among 
 CENTURY GAMING, INC., as
the Company, 
 the shareholders of CENTURY GAMING, INC., as Sellers, 

ACCEL ENTERTAINMENT, INC., as Buyer, 

ACCEL ENTERTAINMENT LLC, as Buyer, and 

STEVEN W. ARNTZEN as the Seller Representative 

March 2, 2021 
  

 TABLE OF CONTENTS 

 

					
	 ARTICLE I DEFINITIONS
	  	 	1	 
		
	 ARTICLE II PURCHASE AND SALE
	  	 	11	 
		
	 Section 2.01 Purchase and Sale
	  	 	11	 
		
	 Section 2.02 Purchase Price
	  	 	11	 
		
	 Section 2.03 Transactions to be Effected at the Closing
	  	 	11	 
		
	 Section 2.04 Purchase Price Adjustment
	  	 	13	 
		
	 Section 2.05 Closing
	  	 	16	 
		
	 Section 2.06 Withholding Tax
	  	 	16	 
		
	 Section 2.07 Release of Escrow Funds
	  	 	17	 
		
	 ARTICLE III REPRESENTATIONS AND WARRANTIES OF THE COMPANY AND SELLERS
	  	 	17	 
		
	 Section 3.01 Organization and Authority of Sellers
	  	 	17	 
		
	 Section 3.02 Organization, Authority and Qualification of the Company
	  	 	17	 
		
	 Section 3.03 Capitalization
	  	 	18	 
		
	 Section 3.04 No Subsidiaries
	  	 	18	 
		
	 Section 3.05 No Conflicts; Consents
	  	 	18	 
		
	 Section 3.06 Gaming Consents and Approvals
	  	 	19	 
		
	 Section 3.07 Financial Statements
	  	 	19	 
		
	 Section 3.08 Undisclosed Liabilities
	  	 	19	 
		
	 Section 3.09 Absence of Certain Changes, Events and Conditions
	  	 	19	 
		
	 Section 3.10 Material Contracts
	  	 	20	 
		
	 Section 3.11 Title to Assets; Real Property
	  	 	21	 
		
	 Section 3.12 Condition of Assets
	  	 	22	 
		
	 Section 3.13 Intellectual Property
	  	 	22	 
		
	 Section 3.14 Inventory
	  	 	24	 
		
	 Section 3.15 Accounts Receivable
	  	 	24	 
		
	 Section 3.16 Customers and Suppliers
	  	 	24	 
		
	 Section 3.17 Insurance
	  	 	25	 
		
	 Section 3.18 Legal Proceedings; Governmental Orders
	  	 	25	 

  
 ii 

					
	 Section 3.19 Compliance With Laws; Permits
	  	 	26	 
		
	 Section 3.20 Environmental Matters
	  	 	26	 
		
	 Section 3.21 Employee Benefit Matters
	  	 	27	 
		
	 Section 3.22 Employment Matters
	  	 	30	 
		
	 Section 3.23 Taxes
	  	 	31	 
		
	 Section 3.24 Books and Records
	  	 	34	 
		
	 Section 3.25 Brokers
	  	 	34	 
		
	 Section 3.26 Related Party Contracts
	  	 	34	 
		
	 Section 3.27 Seller Representations and Warranties
	  	 	34	 
		
	 Section 3.28 No Other Representations or Warranties
	  	 	34	 
		
	 ARTICLE IV REPRESENTATIONS AND WARRANTIES OF BUYER
	  	 	34	 
		
	 Section 4.01 Organization and Authority of Buyer
	  	 	34	 
		
	 Section 4.02 No Conflicts; Consents
	  	 	35	 
		
	 Section 4.03 Investment Purpose
	  	 	35	 
		
	 Section 4.04 Brokers
	  	 	36	 
		
	 Section 4.05 Sufficiency of Funds
	  	 	36	 
		
	 Section 4.06 Legal Proceedings
	  	 	36	 
		
	 Section 4.07 SEC Filings
	  	 	36	 
		
	 Section 4.08 No Denial or Revocation of Gaming Approvals
	  	 	37	 
		
	 Section 4.09 Non-Reliance
	  	 	37	 
		
	 Section 4.10 No Other Representations or Warranties
	  	 	37	 
		
	 ARTICLE V COVENANTS
	  	 	38	 
		
	 Section 5.01 Conduct of Business Prior to the Closing
	  	 	38	 
		
	 Section 5.02 Access to Information
	  	 	40	 
		
	 Section 5.03 No Solicitation of Other Bids
	  	 	40	 
		
	 Section 5.04 Notice of Certain Events
	  	 	40	 
		
	 Section 5.05 Resignations
	  	 	41	 
		
	 Section 5.06 Director and Officer Indemnification and Insurance
	  	 	41	 
		
	 Section 5.07 Confidentiality
	  	 	42	 

  
 iii 

					
	 Section 5.08 Non-Competition; Non-Solicitation
	  	 	42	 
		
	 Section 5.09 Governmental Approvals and Consents
	  	 	43	 
		
	 Section 5.10 Books and Records
	  	 	45	 
		
	 Section 5.11 Closing Conditions
	  	 	45	 
		
	 Section 5.12 Public Announcements
	  	 	45	 
		
	 Section 5.13 Further Assurances
	  	 	46	 
		
	 Section 5.14 R&W Insurance Policy
	  	 	46	 
		
	 Section 5.15 Employment Matters
	  	 	46	 
		
	 Section 5.16 Paycheck Protection Program Loan
	  	 	47	 
		
	 ARTICLE VI TAX MATTERS
	  	 	47	 
		
	 Section 6.01 Tax Covenants
	  	 	47	 
		
	 Section 6.02 Termination of Existing Tax Sharing Agreements
	  	 	48	 
		
	 Section 6.03 Tax Indemnification
	  	 	48	 
		
	 Section 6.04 Straddle Period
	  	 	48	 
		
	 Section 6.05 Contests
	  	 	49	 
		
	 Section 6.06 Cooperation and Exchange of Information
	  	 	49	 
		
	 Section 6.07 Tax Treatment of Indemnification Payments
	  	 	49	 
		
	 Section 6.08 Payments to Buyer
	  	 	49	 
		
	 Section 6.09 Refunds and Over Accruals
	  	 	49	 
		
	 Section 6.10 Survival
	  	 	49	 
		
	 Section 6.11 Overlap
	  	 	50	 
		
	 ARTICLE VII CONDITIONS TO CLOSING
	  	 	50	 
		
	 Section 7.01 Conditions to Obligations of All Parties
	  	 	50	 
		
	 Section 7.02 Conditions to Obligations of Buyer
	  	 	50	 
		
	 Section 7.03 Conditions to Obligations of Sellers
	  	 	52	 
		
	 ARTICLE VIII INDEMNIFICATION
	  	 	54	 
		
	 Section 8.01 Survival
	  	 	54	 
		
	 Section 8.02 Indemnification By Sellers
	  	 	54	 
		
	 Section 8.03 Indemnification By Buyer
	  	 	55	 

  
 iv 

					
	 Section 8.04 Certain Limitations
	  	 	55	 
		
	 Section 8.05 Indemnification Procedures
	  	 	56	 
		
	 Section 8.06 Payments; Indemnification Escrow Fund
	  	 	58	 
		
	 Section 8.07 Tax Treatment of Indemnification Payments
	  	 	59	 
		
	 Section 8.08 Exclusive Remedies
	  	 	59	 
		
	 ARTICLE IX TERMINATION
	  	 	59	 
		
	 Section 9.01 Termination
	  	 	59	 
		
	 Section 9.02 Effect of Termination
	  	 	60	 
		
	 ARTICLE X MISCELLANEOUS
	  	 	61	 
		
	 Section 10.01 Expenses
	  	 	61	 
		
	 Section 10.02 Notices
	  	 	61	 
		
	 Section 10.03 Interpretation
	  	 	62	 
		
	 Section 10.04 Headings
	  	 	62	 
		
	 Section 10.05 Severability
	  	 	62	 
		
	 Section 10.06 Entire Agreement
	  	 	62	 
		
	 Section 10.07 Successors and Assigns
	  	 	63	 
		
	 Section 10.08 No Third-party Beneficiaries
	  	 	63	 
		
	 Section 10.09 Amendment and Modification; Waiver
	  	 	63	 
		
	 Section 10.10 Governing Law; Submission to Jurisdiction; Waiver of Jury Trial
	  	 	63	 
		
	 Section 10.11 Specific Performance
	  	 	64	 
		
	 Section 10.12 Counterparts
	  	 	64	 
		
	 Section 10.13 No Presumption Against Drafting Party
	  	 	64	 
		
	 Section 10.14 Seller Representative
	  	 	64	 
		
	 Section 10.15 Conflict Waiver; Privilege
	  	 	65	 

  
 v 

			
	EXHIBITS	  	
		
	Exhibit A	  	Escrow Agreement
	Exhibit B	  	R&W Insurance Policy
	Exhibit C	  	Option and Warrant Assignment
	Exhibit D	  	Working Capital Example
	Exhibit E	  	Stock Purchase and Restriction Agreement
	Exhibit F	  	Warrant Redemption Agreement
		
	SCHEDULES	  	
		
	Section 3.02	  	Organization, Authority and Qualification of the Company
		
	Section 3.03	  	Capitalization
		
	Section 3.04	  	Subsidiaries
		
	Section 3.05	  	No Conflicts; Consents
		
	Section 3.10	  	Material Contracts
		
	Section 3.11	  	Title to Assets; Real Property
		
	Section 3.12	  	Condition of Assets
		
	Section 3.13	  	Intellectual Property
		
	Section 3.16	  	Customers and Suppliers
		
	Section 3.17	  	Insurance
		
	Section 3.18	  	Legal Proceedings
		
	Section 3.19	  	Compliance With Laws; Permits
		
	Section 3.20	  	Environmental Matters
		
	Section 3.21	  	Employee Benefit Matters
		
	Section 3.22	  	Employment Matters
		
	Section 3.23	  	Taxes
		
	Section 3.26	  	Related Party Contracts
		
	Section 4.02	  	No Conflicts; Consents
		
	Section 4.06	  	Legal Proceedings
		
	Section 5.05	  	Resignations
		
	Section 5.06	  	Director and Officer Indemnification and Insurance
		
	Section 7.02	  	Company and Seller Approvals, Consents and Waivers
		
	Section 7.03	  	Buyer Approvals, Consents and Waivers

  

  
 vi 

 SECURITIES PURCHASE AGREEMENT 

This Securities Purchase Agreement (this “Agreement”), dated as of March 2, 2021, is entered into among
Century Gaming, Inc., a Montana corporation (the “Company”), the shareholders of the Company (the “Shareholders” or the “Sellers”), Accel Entertainment, Inc., a Delaware corporation
(“Accel”), Accel Entertainment LLC, a Delaware limited liability company (“Accel Sub” and, together with Accel, collectively, “Buyer”), and Steven W. Arntzen (the “Seller
Representative”). 
 RECITALS 

WHEREAS, (a) the Shareholders own all of the issued and outstanding shares of common stock, no par value (the “Shares”),
of the Company and (b) certain of the Shareholders (the “Optionholders”) own all of the issued and outstanding options to purchase shares of common stock of the Company, (the “Options”) and certain outstanding
warrants to purchase shares of common stock of the Company (the “Management Group Warrants” and collectively with the Shares and the Options, the “Securities”), of the Company; 

WHEREAS, Accel Sub is a wholly-owned subsidiary of Accel; 

WHEREAS, Sellers wish to sell to Buyer, and Buyer wishes to purchase from Sellers, the Securities, subject to the terms and conditions set
forth herein; 
 WHEREAS, a portion of the purchase price payable by Buyer to Sellers shall be placed in escrow by Buyer, the release of
which shall be contingent upon certain events and conditions, all as set forth in this Agreement and the Escrow Agreement (as defined herein); 

NOW, THEREFORE, in consideration of the mutual covenants and agreements hereinafter set forth and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE I 

DEFINITIONS 
 The following terms
have the meanings specified or referred to in this ARTICLE I: 
 “Accel SEC Documents” has the meaning set forth in
Section 4.07(a). 
 “Accel Stock” means shares of Accel’s Class A-1
common stock, par value $0.0001 per share. 
 “Accredited Investor Questionnaire” means the Accredited Investor
Questionnaire attached as Exhibit B to the Stock Purchase and Restriction Agreement. 
 “Acquisition Proposal” has the
meaning set forth in Section 5.03(a). 
 “Action” means any claim, action, cause of action, demand, lawsuit,
arbitration, inquiry, audit, notice of violation, proceeding, litigation, citation, summons, subpoena or investigation of any nature, civil, criminal, administrative, regulatory or otherwise, whether at law or in equity. 

“Affiliate” of a Person means any other Person that directly or indirectly, through one or more intermediaries, controls, is
controlled by, or is under common control with, such Person. The term “control” (including the terms “controlled by” and “under common control with”) means the possession, directly or indirectly, of the power to direct
or cause the direction of the management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise. 

  
 1 

 “Agreement” has the meaning set forth in the preamble. 

“Ancillary Documents” means the Escrow Agreement, the Option and Warrant Assignment, the Stock Purchase and Restriction
Agreement and the Warrant Redemption Agreement. 
 “Audited Financial Statements” has the meaning set forth in
Section 3.07. 
 “Balance Sheet” has the meaning set forth in Section 3.07. 

“Balance Sheet Date” has the meaning set forth in Section 3.07. 

“Basket” has the meaning set forth in Section 8.04(a). 

“Benefit Plan” has the meaning set forth in Section 3.21(a). 

“Business Day” means any day except Saturday, Sunday or any other day on which commercial banks located in New York, New York
are authorized or required by Law to be closed for business. 
 “Buyer” has the meaning set forth in the preamble. 

“Buyer Benefit Plans” has the meaning set forth in Section 5.15(b). 

“Buyer Gaming Approvals” has the meaning set forth in Section 7.01(e). 

“Buyer Indemnitees” has the meaning set forth in Section 8.02. 

“Cap” has the meaning set forth in Section 8.04(a). 

“CERCLA” means the Comprehensive Environmental Response, Compensation, and Liability Act of 1980, as amended by the Superfund
Amendments and Reauthorization Act of 1986, 42 U.S.C. §§ 9601 et seq. 
 “Closing” has the meaning set forth in
Section 2.05. 
 “Closing Date” has the meaning set forth in Section 2.05. 

“Closing Date Payment” has the meaning set forth in Section 2.04(a)(i). 

“Closing Indebtedness Certificate” means a certificate executed by the Chief Financial Officer of the Company certifying on
behalf of the Company an itemized list of all outstanding Indebtedness as of the open of business on the Closing Date and the Person to whom such outstanding Indebtedness is owed and an aggregate total of such outstanding Indebtedness. 

“Closing Transaction Expenses Certificate” means a certificate executed by the Chief Financial Officer of the Company,
certifying the amount of Transaction Expenses remaining unpaid as of the open of business on the Closing Date (including an itemized list of each such unpaid Transaction Expense with a description of the amount and nature of such expense and the
Person to whom such expense is owed). 
 “Closing Working Capital” means: (a) the Current Assets of the Company, less
(b) the Current Liabilities of the Company, determined as of the open of business on the Closing Date and to be calculated consistent with, and subject to the reclassifications and adjustments set forth in, the calculation of the Closing
Working Capital as of September 30, 2020, as set forth on Exhibit D attached hereto solely as an illustrative example of the accounts, methodology, reclassifications and adjustments to be used in the calculation of Closing Working Capital.

  
 2 

 “Closing Working Capital Statement” has the meaning set forth in
Section 2.04(b)(i). 
 “Code” means the Internal Revenue Code of 1986, as amended. 

“Company” has the meaning set forth in the preamble. 

“Company Intellectual Property” means all Intellectual Property that is owned by the Company, including, without limitation,
all player and player reward databases such as those associated with “Gambler’s Bonus”, “i-Rewards” along with all source code for such player tracking and player award systems (other
than any third-party source code incorporated therein). 
 “Company IP Agreements” means all licenses, sublicenses, consent
to use agreements, settlements, coexistence agreements, covenants not to sue, waivers, releases, permissions and other Contracts, whether written or oral, relating to Company Intellectual Property. 

“Company IP Registrations” means all Company Intellectual Property that is subject to any issuance, registration or
application by or with any Governmental Authority or authorized private registrar in any jurisdiction, including issued patents, registered trademarks, domain names and copyrights, and pending applications for any of the foregoing. 

“Company IT Systems” means, collectively, all (a) material Software and (b) computer hardware, servers, networks,
platforms, peripherals, and similar or related items of automated, computerized, or other information technology (IT) networks and systems (including telecommunications networks and systems for voice, data and video), in each case owned, leased,
licensed, or used (including through cloud-based or other third-party service providers) by the Company. 
 “Continuing
Employees” has the meaning set forth in Section 5.15(a). 
 “Contract Group” means each of the
“groups” of Contracts identified by the Company in Section 3.10(a)(i) of the Disclosure Schedules. 

“Contracts” means all legally binding contracts, leases, deeds, mortgages, licenses, instruments, notes, commitments,
undertakings, indentures, joint ventures and all other agreements, commitments and arrangements, whether written or oral. 
 “Credit
Agreement” means that certain Credit Agreement, dated May 22, 2017, by and among the Company, United Coin Machine, Co., a Nevada corporation, Grand Vision Gaming LLC, a Montana limited liability company, the financial institutions
party thereto, as lenders, and Monroe Capital Management Advisors, LLC, as administrative agent, as the same has been amended, restated, amended and restated, supplemented or otherwise modified from time to time up to and including the date
hereof. 
 “Current Assets” means cash and cash equivalents, including House Funds, accounts receivable, inventory and
prepaid expenses, but excluding (a) the portion of any prepaid expense of which Buyer will not receive the benefit following the Closing and (b) deferred Tax assets, determined in accordance with GAAP applied using the same accounting
methods, practices, principles, policies and procedures, with consistent classifications, judgments and valuation and estimation methodologies that were used in the preparation of the Audited Financial Statements for the most recent fiscal year end
as if such accounts were being prepared and audited as of a fiscal year end. 

  
 3 

 “Current Liabilities” means accounts payable, accrued Taxes and accrued
expenses, but excluding deferred Tax liabilities, Transaction Expenses and the current portion of any Indebtedness of the Company, determined in accordance with GAAP applied using the same accounting methods, practices, principles, policies and
procedures, with consistent classifications, judgments and valuation and estimation methodologies that were used in the preparation of the Audited Financial Statements for the most recent fiscal year end as if such accounts were being prepared and
audited as of a fiscal year end. 
 “Direct Claim” has the meaning set forth in Section 8.05(c). 

“Disclosure Schedules” means the Disclosure Schedules delivered by Sellers and Buyer concurrently with the execution and
delivery of this Agreement. 
 “Disputed Amounts” has the meaning set forth in Section 2.04(c)(iii). 

“Dollars” or “$” means the lawful currency of the United States. 

“Encumbrance” means any charge, claim, community property interest, pledge, condition, equitable interest, lien (statutory or
other), option, security interest, mortgage, easement, encroachment, right of way, right of first refusal, or restriction of any kind, including any restriction on use, voting, transfer, receipt of income or exercise of any other attribute of
ownership. 
 “Environmental Claim” means any Action, Governmental Order, lien, fine, penalty, or, as to each, any
settlement or judgment arising therefrom, by or from any Person alleging liability of whatever kind or nature (including liability or responsibility for the costs of enforcement proceedings, investigations, cleanup, governmental response, removal or
remediation, natural resources damages, property damages, personal injuries, medical monitoring, penalties, contribution, indemnification and injunctive relief) arising out of, based on or resulting from: (a) the presence, Release of, or
exposure to, any Hazardous Materials; or (b) any actual or alleged non-compliance with any Environmental Law or term or condition of any Environmental Permit. 

“Environmental Law” means any applicable Law, and any Governmental Order or binding agreement with any Governmental
Authority: (a) relating to pollution (or the cleanup thereof) or the protection of natural resources, endangered or threatened species, human health or safety, or the environment (including ambient air, soil, surface water or groundwater, or
subsurface strata); or (b) concerning the presence of, exposure to, or the management, manufacture, use, containment, storage, recycling, reclamation, reuse, treatment, generation, discharge, transportation, processing, production, disposal or
remediation of any Hazardous Materials. The term “Environmental Law” includes, without limitation, the following (including their implementing regulations and any state analogs): the Comprehensive Environmental Response, Compensation, and
Liability Act of 1980, as amended by the Superfund Amendments and Reauthorization Act of 1986, 42 U.S.C. §§ 9601 et seq.; the Solid Waste Disposal Act, as amended by the Resource Conservation and Recovery Act of 1976, as amended by the
Hazardous and Solid Waste Amendments of 1984, 42 U.S.C. §§ 6901 et seq.; the Federal Water Pollution Control Act of 1972, as amended by the Clean Water Act of 1977, 33 U.S.C. §§ 1251 et seq.; the Toxic Substances Control Act of
1976, as amended, 15 U.S.C. §§ 2601 et seq.; the Emergency Planning and Community Right-to-Know Act of 1986, 42 U.S.C. §§ 11001 et seq.; the Clean
Air Act of 1966, as amended by the Clean Air Act Amendments of 1990, 42 U.S.C. §§ 7401 et seq.; and the Occupational Safety and Health Act of 1970, as amended, 29 U.S.C. §§ 651 et seq. 

“Environmental Notice” means any written directive, notice of violation or infraction, or notice respecting any Environmental
Claim relating to actual or alleged non-compliance with any Environmental Law or any term or condition of any Environmental Permit. 

  
 4 

 “Environmental Permit” means any Permit, letter, clearance, consent,
waiver, closure, exemption, decision or other action required under or issued, granted, given, authorized by or made pursuant to Environmental Law. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended, and the regulations promulgated thereunder.

 “ERISA Affiliate” means all employers (whether or not incorporated) that would be treated together with the Company or
any of its Affiliates as a “single employer” within the meaning of Section 414 of the Code or Section 4001 of ERISA. 

“Escrow Agent” means CIBC Bank USA. 

“Escrow Agreement” means the Escrow Agreement to be entered into by Buyer, Seller Representative and Escrow Agent at the
Closing, substantially in the form of Exhibit A. 
 “Estimated Working Capital” has the meaning set forth in
Section 2.04(a)(ii). 
 “Estimated Working Capital Statement” has the meaning set forth in Section 2.04(a)(ii).

 “Exchange Act” means the U.S. Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated
thereunder. 
 “Financial Statements” has the meaning set forth in Section 3.07. 

“FINRA” means the Financial Industry Regulatory Authority, Inc. 

“Funds Flow Memo” means that certain flow of funds memorandum delivered by the Seller Representative to Buyer indicating the
amount and wire transfer information for payments to be made by Buyer hereunder. 
 “GAAP” means United States generally
accepted accounting principles in effect from time to time, applied consistently with the Company’s past practices. 
 “Gaming
Approvals” means all licenses, permits, approvals, authorizations, registrations, findings of suitability, franchises, entitlements, waivers and exemptions issued by any Gaming Authority or required by any Gaming Law necessary for or
relating to the conduct of the business of the Company or the consummation of the transactions contemplated hereby. 
 “Gaming
Authorities” means any Governmental Authority with regulatory control or jurisdiction over the conduct of lawful gaming or gambling in any jurisdiction and within the United States. 

“Gaming Laws” means any federal, state, local or foreign statute, ordinance, rule, regulation, permit, consent, registration,
finding of suitability, approval, license, judgment, order, decree, injunction or other authorization, including any condition or limitation placed thereon, governing or relating to the current or contemplated casino and gambling activities and
operations and manufacturing and distributing operations. 
 “Government Contracts” has the meaning set forth in
Section 3.10(a)(viii). 

  
 5 

 “Governmental Authority” means any federal, state, local or foreign
government or political subdivision thereof, or any agency or instrumentality of such government or political subdivision, or any self-regulated organization or other non-governmental regulatory authority or
quasi-governmental authority (to the extent that the rules, regulations or orders of such organization or authority have the force of Law), or any arbitrator, court or tribunal of competent jurisdiction. 

“Governmental Order” means any order, writ, judgment, injunction, decree, stipulation, determination or award entered by or
with any Governmental Authority. 
 “Hazardous Materials” means: (a) any material, substance, chemical, waste,
product, derivative, compound, mixture, solid, liquid, mineral or gas, in each case, whether naturally occurring or manmade, that is hazardous, acutely hazardous, toxic, or words of similar import or regulatory effect under Environmental Laws; and
(b) any petroleum or petroleum-derived products, radon, radioactive materials or wastes, asbestos in any form, lead or lead-containing materials, urea formaldehyde foam insulation, and polychlorinated biphenyls. 

“House Funds” means all cash and cash equivalents held by the Company, including cash, markers and other cash equivalents
located in cages, vaults, drop boxes, slot machines, redemption terminals, location dispensers (to the extent owned by the Company), automated teller machines (to the extent owned by the Company) and other gaming and amusement devices; and change
bank loans outstanding to Company customer locations. 
 “HSR Act” means the Hart-Scott-Rodino Antitrust Improvements Act
of 1976, as amended. 
 “Indebtedness” means, without duplication and with respect to the Company, all
(a) indebtedness for borrowed money other than the PPP Loan; (b) obligations for the deferred purchase price of property or services, except trade accounts payable arising in the ordinary and usual course of business; (c) long or
short-term obligations evidenced by notes, bonds, debentures or other similar instruments; (d) obligations under any interest rate, currency swap or other hedging agreement or arrangement; (e) capital lease obligations;
(f) reimbursement obligations under any letter of credit, banker’s acceptance or similar credit transactions; (g) guarantees made by the Company on behalf of any third party in respect of obligations of the kind referred to in the
foregoing clauses (a) through (f); (h) Taxes of the Company for which Sellers are responsible pursuant to Section 6.03(b); and (i) any unpaid interest, prepayment penalties, premiums, costs and fees that would arise or become due as a
result of the prepayment of any of the obligations referred to in the foregoing clauses (a) through (h). 
 “Indemnification
Escrow Amount” means $775,000. 
 “Indemnification Escrow Fund” has the meaning set forth in
Section 2.03(a)(iii)(B). 
 “Indemnified Party” has the meaning set forth in Section 8.05. 

“Indemnifying Party” has the meaning set forth in Section 8.05. 

“Independent Accountant” means a firm of regionally recognized, certified public accountants which is independent from Buyer,
the Company and the Management Group, which is mutually agreed upon by Buyer and the Seller Representative. 
 “Insurance
Policies” has the meaning set forth in Section 3.17. 

  
 6 

 “Intellectual Property” means any and all rights in, arising out of, or
associated with any of the following in any jurisdiction throughout the world: (a) issued patents and patent applications (whether provisional or non-provisional), including divisionals, continuations, continuations-in-part, substitutions, reissues, reexaminations, extensions, or restorations of any of the foregoing, and other Governmental Authority-issued indicia of
invention ownership (including certificates of invention, petty patents, and patent utility models) (“Patents”); (b) trademarks, service marks, brands, certification marks, logos, trade dress, trade names, and other similar
indicia of source or origin, together with the goodwill connected with the use of and symbolized by, and all registrations, applications for registration, and renewals of, any of the foregoing (“Trademarks”); (c) copyrights and
works of authorship, whether or not copyrightable, and all registrations, applications for registration, and renewals of any of the foregoing (“Copyrights”); (d) internet domain names, social media user account administrator
rights and user names (including “handles”), whether or not Trademarks, all associated web addresses, URLs, websites and web pages, social media sites and pages, and all content and data thereon or relating thereto, whether or not
Copyrights; (e) mask works, and all registrations, applications for registration, and renewals thereof; (f) industrial designs, and all Patents, registrations, applications for registration, and renewals thereof; (g) trade secrets, know-how, inventions (whether or not patentable), discoveries, improvements, technology, business and technical information, databases, data compilations and collections, tools, methods, processes, techniques, and
other confidential and proprietary information and all rights therein (“Trade Secrets”); (h) computer programs, operating systems, applications, firmware, and other code, including all source code, object code, application
programming interfaces, data files, databases, protocols, specifications, and other documentation thereof; (i) rights of publicity; and (j) to the extent not otherwise described above, all other intellectual or industrial property and
proprietary rights. 
 “Interim Balance Sheet” has the meaning set forth in Section 3.07. 

“Interim Balance Sheet Date” has the meaning set forth in Section 3.07. 

“Interim Financial Statements” has the meaning set forth in Section 3.07. 

“Knowledge of the Company or the Company’s Knowledge” or any other similar knowledge qualification, means the actual
knowledge of any member of the Management Group after reasonable due inquiry. 
 “Law” means any statute, law, ordinance,
regulation, rule, code, order, constitution, treaty, common law, judgment, decree, other requirement or rule of law of any Governmental Authority. 

“Liabilities” has the meaning set forth in Section 3.08. 

“Licensed Intellectual Property” means all Intellectual Property in which the Company holds any rights or interests granted
by other Persons, including Sellers or any of their respective Affiliates. 
 “Losses” means losses, damages, liabilities,
deficiencies, Actions, judgments, interest, awards, penalties, fines, costs or expenses of whatever kind, including reasonable attorneys’ fees and the cost of enforcing any right to indemnification hereunder and the cost of pursuing any
insurance providers; provided, however, that “Losses” shall not include lost profits, diminution in value or consequential or punitive damages, except to the extent that punitive damages are actually awarded to a Governmental
Authority or other third party. 
 “Management Group” means, collectively, Steven Arntzen, Heidi Schmalz and Merle Frank.

 “Management Group Escrow Percentages” means the percentages of the Management Group members as set forth and identified
as such on Schedule 2.03. 

  
 7 

 “Management Group Proceeds” means the sum of (a) the Closing Date
Payment, plus (b) the product of (i) the aggregate Management Group Escrow Percentages of all members of the Management Group as set forth on Schedule 2.03, multiplied by (ii) the sum of the Purchase Price Adjustment Escrow Fund,
the Indemnification Escrow Fund and the PPP Escrow Fund, in each case as actually deposited into escrow pursuant to Section 2.03(a)(iii). 

“Management Group Shares” has the meaning set forth in Section 2.03(c)(ii). 

“Management Group Warrants” has the meaning set forth in the recitals. 

“Material Adverse Effect” means any event, occurrence, fact, condition or change that is, or would reasonably be expected to
become, individually or in the aggregate, materially adverse to (a) the business, results of operations, condition (financial or otherwise) or assets of the Company, or (b) the ability of Sellers to consummate the transactions contemplated
hereby on a timely basis; provided, however, that “Material Adverse Effect” shall not include any event, occurrence, fact, condition or change, directly or indirectly, arising out of or attributable to: (i) general economic or
political conditions; (ii) conditions generally affecting the industries in which the Company operates; (iii) any changes in financial or securities markets in general; (iv) acts of war (whether or not declared), armed hostilities or
terrorism, or the escalation or worsening thereof; (v) the impact of the COVID-19 pandemic or any similar pandemic or epidemic; (vi) any natural or man-made
disaster or “act of God”; (vii) any action required or permitted by this Agreement or any action taken (or omitted to be taken) at the request of Buyer; (viii) any changes in applicable Laws or accounting rules, including GAAP; or
(ix) the public announcement, pendency or completion of the transactions contemplated by this Agreement; provided further, however, that any event, occurrence, fact, condition or change referred to in clauses (i) through (v)
immediately above shall be taken into account in determining whether a Material Adverse Effect has occurred or would reasonably be expected to occur to the extent that such event, occurrence, fact, condition or change has a disproportionate effect
on the Company compared to other participants in the industries in which the Company conducts its businesses. 
 “Material
Contracts” has the meaning set forth in Section 3.10(a). 
 “Material Customers” has the meaning set forth in
Section 3.16(a). 
 “Material Suppliers” has the meaning set forth in Section 3.16(b). 

“Multiemployer Plan” has the meaning set forth in Section 3.21(c). 

“Optionholders” has the meaning set forth in the recitals. 

“Options” has the meaning set forth in the recitals. 

“Outside Date” has the meaning set forth in Section 9.01(b)(ii). 

“Permits” means all permits, licenses, franchises, approvals, authorizations, registrations, certificates, variances and
similar rights obtained, or required to be obtained, from Governmental Authorities, including under Gaming Laws. 
 “Permitted
Encumbrances” has the meaning set forth in Section 3.11(a). 

  
 8 

 “Permitted Gaming Business” means any gaming establishment or gaming route
that is subject to a binding, written agreement with the Company that provides for (i) a term that does not expire until the date that is at least six (6) years from the Closing Date and (ii) exclusive,
non-waivable servicing terms with the Company or one of its Affiliates on commercially reasonable terms that are no less favorable to the Management Group Member or its applicable Affiliate than terms offered
by the Company to any similarly situated customer. 
 “Person” means an individual, corporation, partnership, joint
venture, limited liability company, Governmental Authority, unincorporated organization, trust, association or other entity. 

“Post-Closing Adjustment” has the meaning set forth in Section 2.04(b)(ii). 

“Post-Closing Tax Period” means any taxable period beginning after the Closing Date and, with respect to any Straddle Period,
the portion of such Straddle Period beginning after the Closing Date. 
 “Potential Contributor” has the meaning set forth
in Section 8.04(g). 
 “PPP Escrow Amount” means $3,336,000. 

“PPP Escrow Fund” has the meaning set forth in Section 2.03(a)(iii)(C). 

“PPP Loan” has the meaning set forth in Section 5.16. 

“Pre-Closing Tax Period” means any taxable period ending on or before the Closing
Date and, with respect to any Straddle Period, the portion of such Straddle Period ending on and including the Closing Date. 
 “Pro
Rata Percentages” has the meaning set forth in Section 6.03. 
 “Purchase Price” has the meaning set forth in
Section 2.02. 
 “Purchase Price Adjustment Escrow Amount” means $500,000. 

“Purchase Price Adjustment Escrow Fund” has the meaning set forth in Section 2.03(a)(iii)(A). 

“Qualified Benefit Plan” has the meaning set forth in Section 3.21(c). 

“R&W Insurance Policy” means the buyer-side representation and warranty insurance policy to be obtained by Buyer on terms
and conditions set forth in Exhibit B hereto. 
 “Real Property” means the real property owned, leased or subleased by the
Company, together with all buildings, structures and facilities located thereon. 
 “Related Party Contract” has the
meaning set forth in Section 3.26. 
 “Release” means any actual or threatened release, spilling, leaking, pumping,
pouring, emitting, emptying, discharging, injecting, escaping, leaching, dumping, abandonment, disposing or allowing to escape or migrate into or through the environment (including, without limitation, ambient air (indoor or outdoor), surface water,
groundwater, land surface or subsurface strata or within any building, structure, facility or fixture). 
 “Representative”
means, with respect to any Person, any and all directors, officers, employees, consultants, financial advisors, counsel, accountants and other agents of such Person. 

  
 9 

 “Resolution Period” has the meaning set forth in Section 2.04(c)(ii).

 “Restricted Business” means the business of the Company and its subsidiaries, including, without limitation, acting as a
distributed gaming operator in the Territory and developing and manufacturing software and related components for the operation of gaming devices. 

“Restricted Period” has the meaning set forth in Section 5.08(a). 

“Review Period” has the meaning set forth in Section 2.04(c)(i). 

“Rule 144” has the meaning set forth in Section 2.03(c)(ii). 

“Sarbanes-Oxley Act” means the Sarbanes-Oxley Act of 2002, as amended. 

“SEC’ means the United States Securities and Exchange Commission. 

“Securities” has the meaning set forth in the recitals. 

“Securities Act” means the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder. 

“Seller Counsel” has the meaning set forth in Section 10.14. 

“Seller Indemnitees” has the meaning set forth in Section 8.03. 

“Seller Majority” has the meaning set forth in Section 10.14(a). 

“Seller Representative” has the meaning set forth in the preamble. 

“Sellers” has the meaning set forth in the preamble. 

“Shareholders” has the meaning set forth in the preamble. 

“Shares” has the meaning set forth in the recitals. 

“Software” means computer software and code, whether in source code, object code or executable code format. 

“Statement of Objections” has the meaning set forth in Section 2.04(c)(ii). 

“Stock Purchase and Restriction Agreement” means the Stock Purchase and Restriction Agreement attached hereto as
Exhibit E. 
 “Straddle Period” has the meaning set forth in Section 6.04. 

“Target Working Capital” means $23,000,000. 

“Taxes” means all U.S. federal, state, local, non-U.S. and other income, gross
receipts, sales, use, production, ad valorem, transfer, franchise, registration, profits, license, lease, service, service use, withholding, payroll, employment, unemployment, estimated, excise, severance, environmental, stamp, occupation, premium,
property (real or personal), real property gains, windfall profits, customs, duties or other taxes, fees, assessments or charges of any kind whatsoever, together with any interest, additions or penalties with respect thereto and any interest in
respect of such additions or penalties. 

  
 10 

 “Tax Claim” has the meaning set forth in Section 6.05. 

“Tax Return” means any return, declaration, report, claim for refund, information return or statement or other document
relating to Taxes, including any schedule or attachment thereto, and including any amendment thereof. 
 “Termination Fee”
has the meaning set forth in Section 9.02(c). 
 “Territory” means the contiguous United States, plus Washington,
D.C., Alaska, Hawaii, Puerto Rico, Guam and the U.S. Virgin Islands. 
 “Third Party Claim” has the meaning set forth in
Section 8.05(a). 
 “Transaction Expenses” means the sum of (a) all fees and expenses incurred by the Company or
Sellers at or prior to the Closing in connection with the preparation, negotiation and execution of this Agreement, the Escrow Agreement and the Ancillary Documents, and the performance and consummation of the transactions contemplated hereby and
thereby, (b) 50% of the premium paid by Buyer under the R&W Insurance Policy, not to exceed $295,625, and (c) any payments required to be made by the Company subsequent to the Closing in connection with the Post-Closing Adjustment, if
applicable, pursuant to the terms of the Warrant Redemption Agreement. 
 “Union” has the meaning set forth in
Section 3.22(b). 
 “WARN Act” means the federal Worker Adjustment and Retraining Notification Act of 1988, and
similar state, local and foreign laws related to plant closings, relocations, mass layoffs and employment losses. 
 “Warrant
Redemption Agreement” means that certain Warrant Redemption Agreement by and between the Company and the holders of all of the issued and outstanding warrants to purchase shares of common stock of the Company in the form attached hereto as
Exhibit F. 
 ARTICLE II 

PURCHASE AND SALE 

Section 2.01 Purchase and Sale. Subject to the terms and conditions set forth herein, at the Closing, Sellers shall
sell to Buyer, and Buyer shall purchase from Seller, the Securities, free and clear of all Encumbrances (other than those restrictions imposed by applicable Laws), for the consideration specified in Section 2.02. 

Section 2.02 Purchase Price. The aggregate purchase price for the Securities shall be $155,000,000.00, subject to
adjustment pursuant to Section 2.04 hereof (the “Purchase Price”). 
 Section 2.03
Transactions to be Effected at the Closing.
  

	 	(a)	 At the Closing, Buyer shall: 

 

	 	(i)	 deliver to Seller: 

  
 11 

 (A) the Closing Date Payment by (1) wire transfer of immediately
available funds and (2) delivery of the Management Group Shares (as applicable), in each case, to the appropriate Sellers in accordance with their respective Pro Rata Percentages set forth on Schedule 2.03 and the Funds Flow Memo; and 

(B) the Escrow Agreement, Ancillary Documents and all other agreements, documents, instruments or certificates required to be
delivered by Buyer at or prior to the Closing pursuant to Section 7.03 of this Agreement. 
 (ii) pay, on behalf of the
Company or Sellers, the following amounts: 
 (A) Indebtedness of the Company to be paid at Closing, by wire transfer of
immediately available funds to the accounts and in the amounts specified on the Closing Indebtedness Certificate; and 
 (B)
any Transaction Expenses unpaid at Closing, by wire transfer of immediately available funds to the accounts and in the amounts specified on the Closing Transaction Expenses Certificate. 

(iii) deliver to the Escrow Agent: 

(A) the Purchase Price Adjustment Escrow Amount (such amount, including any interest or other amounts earned thereon and less
any disbursements therefrom in accordance with the Escrow Agreement, the “Purchase Price Adjustment Escrow Fund”) by wire transfer of immediately available funds to accounts designated by the Escrow Agent, to be held for the
purpose of securing the obligations of Sellers in Section 2.04(c); 
 (B) the Indemnification Escrow Amount (such
amount, including any interest or other amounts earned thereon and less any disbursements therefrom in accordance with the Escrow Agreement, the “Indemnification Escrow Fund”) by wire transfer of immediately available funds to
accounts designated by the Escrow Agent, to be held for the purpose of securing the indemnification obligations of Sellers set forth in ARTICLE VIII and the obligations of Sellers in Section 2.04(c) and Section 6.08; 

(C) if and to the extent applicable, the PPP Escrow Amount (such amount, including any interest or other amounts earned
thereon and less any disbursements therefrom in accordance with the Escrow Agreement, the “PPP Escrow Fund”) by wire transfer of immediately available funds to accounts designated by the Escrow Agent, to be held for the purpose of
securing the obligations of Sellers set forth in Section 5.16; and 
 (D) the Escrow Agreement. 

(b) At the Closing, Sellers or the Company shall deliver to Buyer: 

(i) stock powers conveying the Shares to Accel Sub, free and clear of all Encumbrances (other than those restrictions imposed
by applicable Laws), duly executed by the applicable Shareholders; 

  
 12 

 (ii) instruments of transfer conveying the Options and Management Group
Warrants to Accel Sub, free and clear of all Encumbrances (other than those restrictions imposed by applicable Laws), in the forms attached hereto as Exhibit C, duly executed by the applicable Optionholder; and 

(iii) the Escrow Agreement, the Ancillary Documents and all other agreements, documents, instruments or certificates required
to be delivered by the Company or Sellers at or prior to the Closing pursuant to Section 7.02 of this Agreement. 
 (c)
Management Group Allocation. The Closing Date Payment to be made to the Management Group will be allocated amongst the Management Group in accordance with their respective Pro Rata Percentages as set forth in Schedule 2.03, and shall be paid to the
Management Group in a mixture of cash and Accel Stock as follows: 
 (i) A percentage of the Management Group Proceeds shall
be paid on the Closing Date in cash, consisting of wire transfers to the Management Group in accordance with the Funds Flow Memo plus the aggregate Management Group Escrow Percentage of the amounts deposited into escrow pursuant to
Section 2.03(a)(iii), such that the sum of such cash Management Group Proceeds is equal to 60% of the Management Group Proceeds; and 

(ii) A percentage of the Management Group Proceeds shall be paid (subject to the restrictions described below) on the Closing
Date in the form of Accel Stock (the “Management Group Shares”) such that the value of the Management Group Shares is equal to 40% of the Management Group Proceeds, with the number of shares of Accel Stock issuable to the
Management Group calculated based on a per share price equal to the lower of (i) $11.00 or (ii) the average closing price of such shares of Accel Stock for the 20-trading day period ending the
trading day prior to the public announcement of the transaction contemplated by this Agreement in accordance with Section 5.12. The Management Group Shares will be issued to each member of the Management Group in accordance with a Stock
Purchase and Restriction Agreement in the form attached hereto as Exhibit E which will provide, without limitation, that the Management Group Shares shall be issued as of the Closing Date in three equal tranches, each of which shall be subject
to a time-based restriction on transfer. The restriction with respect to the first tranche will expire on the first anniversary of the Closing Date, the restriction on the second tranche will expire on the second anniversary of the Closing Date and
the restriction on the third tranche will expire on the third anniversary of the Closing Date. In addition, the Management Group Shares shall be deemed “restricted securities” as such term is defined under Rule 144 promulgated
pursuant to the Securities Act (“Rule 144”) and shall be subject to the legending requirements thereof. Holders of the Management Group Shares (which, for the avoidance of doubt, shall be the members of the
Management Group prior to the expiration of the transfer restrictions described above) shall otherwise enjoy all other rights of a stockholder in Accel with respect to such Management Group Shares, including the right to vote the Management Group
Shares and to receive any dividends or other distributions paid or made with respect thereto. 
 Section 2.04
Purchase Price Adjustment.
 (a) Closing Adjustment. 

  
 13 

 (i) At the Closing, the Purchase Price shall be adjusted in the following
manner: 
 (A) either (1) an increase by the amount, if any, by which the Estimated Working Capital (as determined in
accordance with Section 2.04(a)(ii)) is greater than the Target Working Capital or (2) a decrease by the amount, if any, by which the Estimated Working Capital is less than the Target Working Capital; 

(B) a decrease by the outstanding Indebtedness of the Company as of the open of business on the Closing Date as reflected on
the Closing Indebtedness Certificate; 
 (C) a decrease by the amount of unpaid Transaction Expenses of the Company as of
the open of business on the Closing Date as reflected on the Closing Transaction Expenses Certificate; and 
 (D) a decrease
by the sum of the Purchase Price Adjustment Escrow Amount plus the Indemnification Escrow Amount plus the PPP Escrow Amount, which PPP Escrow Amount shall be subject to reduction in accordance with Section 5.16.     

The net amount after giving effect to the adjustments listed above shall be the “Closing Date Payment.” 

(ii) At least three Business Days before the Closing, the Company shall prepare and deliver to Buyer a statement setting forth
its good faith estimate of Closing Working Capital (the “Estimated Working Capital”), which statement shall contain a calculation of Estimated Working Capital in the form attached as Exhibit D hereto
(the “Estimated Working Capital Statement”). At the Closing, the Company will also deliver a certificate of the Chief Financial Officer of the Company required by Section 7.02(h). 

(b) Post-Closing Adjustment. 

(i) Within 60 days after the Closing Date, Buyer shall prepare and deliver to Seller a statement setting forth its calculation
of Closing Working Capital, which statement shall contain an audited balance sheet of the Company as of the Closing Date (without giving effect to the transactions contemplated herein), a calculation of Closing Working Capital in the form attached
as Exhibit D hereto (the “Closing Working Capital Statement”) and a certificate of the Chief Financial Officer of Accel that the Closing Working Capital Statement was prepared in accordance with GAAP applied using the same
accounting methods, practices, principles, policies and procedures, with consistent classifications, judgments and valuation and estimation methodologies that were used in the preparation of the Audited Financial Statements for the most recent
fiscal year end as if such Closing Working Capital Statement was being prepared and audited as of a fiscal year end. 
 (ii)
The post-closing adjustment shall be an amount, either positive or negative, equal to the Closing Working Capital minus the Estimated Working Capital (the “Post-Closing Adjustment”). If the Post-Closing Adjustment is positive, then
such Post-Closing Adjustment amount shall be payable by Buyer in accordance with Section 2.04(d). If the Post-Closing Adjustment is negative, then the absolute value of such Post-Closing Adjustment amount shall be payable on behalf of Sellers
from the Purchase Price Adjustment Escrow Fund and the Indemnification Escrow Fund, if applicable, in accordance with Section 2.04(d). 

  
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 (c) Examination and Review. 

(i) Examination. After receipt of the Closing Working Capital Statement, the Seller Representative shall have 30 days (the
“Review Period”) to review the Closing Working Capital Statement. During the Review Period, the Seller Representative and its accountants and representatives shall have full access to the books and records of the Company, the
personnel of, and work papers prepared by, Buyer and/or Buyer’s accountants to the extent that they relate to the Closing Working Capital Statement and to such historical financial information (to the extent in Buyer’s or the
Company’s possession) relating to the Closing Working Capital Statement as the Seller Representative may reasonably request for the purpose of reviewing the Closing Working Capital Statement and to prepare a Statement of Objections (defined
below), provided, that such access shall be in a manner that does not unreasonably interfere with the normal business operations of Buyer or the Company. 

(ii) Objection. On or prior to the last day of the Review Period, the Seller Representative may object to the Closing Working
Capital Statement by delivering to Buyer a written statement setting forth the Seller Representative’s objections in reasonable detail, indicating each disputed item or amount and the basis for the Seller Representative’s disagreement
therewith (the “Statement of Objections”). If the Seller Representative fails to deliver the Statement of Objections before the expiration of the Review Period, the Closing Working Capital Statement and the Post-Closing Adjustment,
as the case may be, reflected in the Closing Working Capital Statement shall be deemed to have been accepted by the Seller Representative. If the Seller Representative delivers the Statement of Objections before the expiration of the Review Period,
Buyer and the Seller Representative shall negotiate in good faith to resolve such objections within 30 days after the delivery of the Statement of Objections (the “Resolution Period”), and, if the same are so resolved within
the Resolution Period, the Post-Closing Adjustment and the Closing Working Capital Statement with such changes as may have been previously agreed in writing by Buyer and the Seller Representative shall be final and binding. 

(iii) Resolution of Disputes. If the Seller Representative and Buyer fail to reach an agreement with respect to all of the
matters set forth in the Statement of Objections before expiration of the Resolution Period, then any amounts remaining in dispute (“Disputed Amounts” and any amounts not so disputed, the “Undisputed Amounts”) shall
be submitted for resolution to the office of the Independent Accountant, who, acting as experts and not arbitrators, shall resolve the Disputed Amounts only and make any adjustments to the Post-Closing Adjustment and the Closing Working
Capital Statement. The parties hereto agree that all adjustments shall be made without regard to materiality. The Independent Accountant shall only decide the specific items under dispute by the parties and their decision for each Disputed Amount
must be within the range of values assigned to each such item in the Closing Working Capital Statement and the Statement of Objections, respectively. 

(iv) Fees of the Independent Accountant. The fees and expenses of the Independent Accountant shall be paid by the Seller
Representative, on the one hand, and by Buyer, on the other hand, based upon the percentage that the amount actually disputed but not awarded to the Seller Representative or Buyer, respectively, bears to the aggregate amount actually disputed by the
Seller Representative and Buyer. 

  
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 (v) Determination by Independent Accountant. The Independent Accountant
shall make a determination as soon as practicable within 30 days (or such other time as the parties hereto shall agree in writing) after its engagement, and its resolution of the Disputed Amounts and its adjustments to the Closing Working Capital
Statement and/or the Post-Closing Adjustment shall be conclusive and binding upon the parties hereto. 
 (d) Payments of
Post-Closing Adjustment. Except as otherwise provided herein, any payment of the Post-Closing Adjustment as determined in accordance with Section 2.04(b)(ii) shall (i) be due (x) within five Business Days of acceptance of the
applicable Closing Working Capital Statement or (y) if there are Disputed Amounts, then within five Business Days of the resolution described in Section 2.04(c)(v) above; and (ii) be paid by wire transfer of immediately available
funds to such account as is directed by Buyer or Sellers, as the case may be, as set forth in the Funds Flow Memo and, with respect to a payment to Sellers, the Post-Closing Adjustment less the applicable Transaction Expenses on such Post-Closing
Adjustment shall be paid to the Sellers in accordance with their Pro Rata Percentages and such Transaction Expenses shall be paid by or on behalf of the Company concurrently to the applicable parties. Any payment of the Post-Closing Adjustment owed
by Sellers to Buyer shall be paid by the Escrow Agent pursuant to the terms of the Escrow Agreement: (A) from the Purchase Price Adjustment Escrow Fund; and (B) to the extent the amount of the Post-Closing Adjustment exceeds the amount
available in the Purchase Price Adjustment Escrow Fund, from the Indemnification Escrow Fund. 
 (e) Adjustments for Tax
Purposes. Any payments made pursuant to this Section 2.04 shall be treated as an adjustment to the Purchase Price by the parties for Tax purposes, unless otherwise required by Law. 

Section 2.05 Closing. Subject to the terms and conditions of this Agreement, the purchase and sale of the
Securities contemplated hereby shall take place at a closing (the “Closing”) to be held at 9:00 a.m., Chicago time, no later than two Business Days after the last of the conditions to Closing set forth in ARTICLE VII have
been satisfied or waived (other than conditions which, by their nature, are to be satisfied on the Closing Date), at the offices of Dickinson Wright PLLC, 500 Woodward Avenue, Suite 4000, Detroit, Michigan 48226, or remotely by exchange of
documents and signatures (or their electronic counterparts), or at such other time or on such other date or at such other place as the Company, the Seller Representative and Buyer may mutually agree upon in writing (the day on which the Closing
takes place being the “Closing Date”). 
 Section 2.06 Withholding Tax. Buyer and the
Company shall be entitled to deduct and withhold from the Purchase Price all Taxes that Buyer and the Company may be required to deduct and withhold under any provision of Tax Law; provided that, prior to any withholding, Buyer or the
Company, as applicable, shall give advance written notice to any Person it intends to deduct or withhold from and the legal basis therefor, and shall use commercially reasonable efforts to afford the Person a reasonable opportunity to provide the
applicable payment, documents and forms necessary to eliminate or reduce such deduction or withholding. All such withheld amounts shall be treated as delivered to the respective Seller hereunder. Notwithstanding the foregoing, based upon applicable
Law and the factual circumstances as each exist on the date of this Agreement, the Parties anticipate that no withholding will be applicable to any payments of the Purchase Price to the Sellers under this Agreement. 

  
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 Section 2.07 Release of Escrow Funds. 

(a) If following the payment of the Post-Closing Adjustment in accordance with Section 2.04(d) there remains any amounts
in the Purchase Price Adjustment Escrow Fund, then within three Business Days following the payment of the Post-Closing Adjustment, Buyer and the Seller Representative shall issue joint written instructions to the Escrow Agent instructing the Escrow
Agent to release all such amounts remaining in the Purchase Price Adjustment Escrow Fund to the Sellers in accordance with their respective Management Group Escrow Percentages and the remainder to the Company. 

(b) Within three Business Days following the 18-month anniversary of the Closing Date,
Buyer and the Seller Representative shall issue joint written instructions to the Escrow Agent instructing the Escrow Agent to release all amounts remaining in the Indemnification Escrow Fund in excess of any pending indemnification claims for
recovery from the Indemnification Escrow Fund pursuant to Section 6.08 or Section 8.06 to the Sellers in accordance with their respective Management Group Escrow Percentages and the remainder to the Company. 

(c) Buyer and the Seller Representative shall issue joint written instructions to the Escrow Agent with respect to the release
of the PPP Escrow Fund, if any, in accordance with Section 5.16. 
 ARTICLE III 

REPRESENTATIONS AND WARRANTIES OF THE COMPANY AND SELLERS 

Except as set forth in the correspondingly numbered Section of the Disclosure Schedules, (a) the Company represents and warrants to Buyer
that the statements contained in Section 3.02 through Section 3.26 of this ARTICLE III are true and correct as of the date hereof and (b) Sellers represent and warrant to Buyer that the statements contained in Section 3.01
and Section 3.27 of this ARTICLE III are true and correct with respect to such Seller as of the date hereof. 

Section 3.01 Organization and Authority of Sellers. Each entity Seller is duly organized, validly existing and in
good standing under the Laws of the state of its formation. Each entity Seller has full organizational power and authority to enter into this Agreement and each of the Ancillary Documents to which such Seller is a party, to carry out its obligations
hereunder and thereunder and to consummate the transactions contemplated hereby and thereby. The execution and delivery by each Seller of this Agreement and each Ancillary Document to which such Seller is a party, the performance by such Seller of
its obligations hereunder and thereunder, and the consummation by such Seller of the transactions contemplated hereby and thereby have been duly authorized by all requisite organizational action on the part of such Seller. This Agreement has been
duly executed and delivered by each Seller, and (assuming due authorization, execution and delivery by each other party hereto) this Agreement constitutes a legal, valid and binding obligation of such Seller enforceable against such Seller in
accordance with its terms. When each Ancillary Document to which each Seller is or will be a party have been duly executed and delivered by such Seller (assuming due authorization, execution and delivery by each other party thereto), each such
Ancillary Document will constitute a legal and binding obligation of such Seller enforceable against it in accordance with its terms. 

Section 3.02 Organization, Authority and Qualification of the Company. The Company is a corporation duly
organized, validly existing and in good standing under the Laws of the state of Montana and has full corporate power and authority to own, operate or lease the properties and assets now owned, operated or leased by it and to carry on its business as
it has been and is currently conducted. Section 3.02 of the Disclosure Schedules sets forth each jurisdiction in which the Company is licensed or qualified to do business, and the Company is duly licensed or qualified to do business and is in
good standing in each jurisdiction in which the properties owned or leased by it or the operation of its business as currently 

  
 17 

 
conducted makes such licensing or qualification necessary. The Company has full corporate power and authority to enter into this Agreement, to carry out its obligations hereunder and to
consummate the transactions contemplated hereby. The execution and delivery by the Company of this Agreement, the performance by the Company of its obligations hereunder, and the consummation by the Company of the transactions contemplated hereby
have been duly authorized by all requisite corporate action on the part of the Company. This Agreement has been duly executed and delivered by the Company, and (assuming due authorization, execution and delivery by each other party hereto) this
Agreement constitutes a legal, valid and binding obligation of the Company enforceable against the Company in accordance with its terms. 

Section 3.03 Capitalization.

(a) Section 3.03(a) of the Disclosure Schedules sets forth the issued and outstanding Shares, Options and Warrants in the
Company. All of the Securities have been duly authorized, are validly issued, fully paid and non-assessable, and are owned of record by each Seller as set forth in Section 3.03(a) of the Disclosure
Schedules, free and clear of all Encumbrances (other than those restrictions imposed by applicable Laws). 
 (b) All of the
Securities were issued in compliance with applicable Laws. None of the Securities were issued in violation of any agreement, arrangement or commitment to which the Company is a party or is subject to or in violation of any preemptive or similar
rights of any Person. 
 (c) Except as set forth in Section 3.03(a) of the Disclosure Schedules and pursuant to this
Agreement, there are no outstanding or authorized options, warrants, convertible securities or other rights, agreements, arrangements or commitments of any character relating to the capital stock of the Company or obligating the Company to issue or
sell any shares of capital stock of, or any other interest in, the Company. The Company does not have outstanding or authorized any stock appreciation, phantom stock, profit participation or similar rights. There are no voting trusts, stockholder
agreements, proxies or other agreements or understandings in effect with respect to the voting or transfer of any of the Shares. 

Section 3.04 No Subsidiaries. Except as set forth in Section 3.04 of the Disclosure Schedules, the
Company does not own, or have any interest in any shares or have an ownership interest in any other Person. 

Section 3.05 No Conflicts; Consents. The execution, delivery and performance by the Company of this Agreement, and
the consummation of the transactions contemplated hereby, do not and will not: (a) conflict with or result in a violation or breach of, or default under, any provision of the certificate of incorporation,
by-laws or other organizational documents of the Company; (b) conflict with or result in a violation or breach of any provision of any Law or Governmental Order applicable to the Company; (c) except
as set forth in Section 3.05 of the Disclosure Schedules and as contemplated by Section 3.06, require the consent, notice or other action by any Person under, conflict with, result in a violation or breach of, constitute a default or an
event that, with or without notice or lapse of time or both, would constitute a default under, result in the acceleration of or create in any party the right to accelerate, terminate, modify or cancel any Contract to which the Company is a party or
by which the Company is bound or to which any of their respective properties and assets are subject (including any Material Contract) or any Permit affecting the properties, assets or business of the Company; or (d) result in the creation or
imposition of any Encumbrance other than Permitted Encumbrances on any properties or assets of the Company; except in the case of clauses (b), (c) and (d), for any such matter that, individually or in the aggregate, has not resulted and would not
reasonably be expected to result in material Liability to the Company, materially impair the operations of the Company, or prevent or delay the Company or Sellers from consummating the transactions contemplated by this Agreement. Except as
contemplated by Section 3.06, no consent, approval, Permit, 

  
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Governmental Order, declaration or filing with, or notice to, any Governmental Authority is required by or with respect to Sellers or the Company in connection with the execution and delivery of
this Agreement, the Escrow Agreement and the Ancillary Documents and the consummation of the transactions contemplated hereby and thereby, except for such filings as may be required under the HSR Act. 

Section 3.06 Gaming Consents and Approvals. Except as set forth in Section 3.06, no consent, approval,
order or authorization of, or registration, declaration or filing with, any court, administrative agency, commission, Gaming Authority or other Governmental Authority is required by or with respect to Sellers or the Company in connection with the
execution and delivery of this Agreement by Sellers or the Company or the consummation by Sellers or the Company of the transactions to which either is a party that are contemplated hereby, except for (i) such approvals as may be required under
the HSR Act, (ii) such consents, approvals, orders, authorizations, Permits, filings, declarations or registrations related to, or arising out of, compliance with statutes, rules or regulations regulating the renaming or rebranding of the
operations at the Real Property and (iii) any consents, approvals, orders, authorizations, registrations, Permits, declarations or filings required by Buyer or any of its Affiliates or key employees (including under the Gaming Laws). 

Section 3.07 Financial Statements. Complete copies of the Company’s audited financial statements
consisting of the balance sheet of the Company as at June 30 in each of the years 2018, 2019 and 2020 and the related statements of income and retained earnings, stockholders’ equity and cash flow for the years then ended (the
“Audited Financial Statements”), and unaudited financial statements consisting of the balance sheet of the Company as at September 30, 2020 and the related statements of income and retained earnings, stockholders’
equity and cash flow for the three-month period then ended (the “Interim Financial Statements” and together with the Audited Financial Statements, the “Financial Statements”) have been delivered to Buyer. The
Financial Statements have been prepared in accordance with GAAP applied on a consistent basis throughout the period involved, subject, in the case of the Interim Financial Statements, to normal and recurring
year-end adjustments (the effect of which will not be materially adverse) and the absence of notes (that, if presented, would not differ materially from those presented in the Audited Financial Statements).
The Financial Statements are based on the books and records of the Company, and fairly present in all material respects the financial condition of the Company as of the respective dates they were prepared and the results of the operations of the
Company for the periods indicated. The balance sheet of the Company as of June 30, 2020 is referred to herein as the “Balance Sheet” and the date thereof as the “Balance Sheet Date” and the balance sheet
of the Company as of September 30, 2020 is referred to herein as the “Interim Balance Sheet” and the date thereof as the “Interim Balance Sheet Date”. The Company maintains a standard system of accounting
established and administered materially in accordance with GAAP. 
 Section 3.08 Undisclosed Liabilities.
The Company has no liabilities, obligations or commitments of any nature whatsoever, asserted or unasserted, known or unknown, absolute or contingent, accrued or unaccrued, matured or unmatured or otherwise, in each case, that would be required to
be reflected on a balance sheet prepared in accordance with GAAP (“Liabilities”), except (a) those which are adequately reflected or reserved against in the Balance Sheet as of the Balance Sheet Date, and (b) those which
have been incurred in the ordinary course of business consistent with past practice since the Balance Sheet Date and which are not, individually or in the aggregate, material in amount. 

Section 3.09 Absence of Certain Changes, Events and Conditions. Since the Interim Balance Sheet Date,
(a) other than in the ordinary course of business consistent with past practice, the Company has not taken any action or omitted to take any action that, if taken or omitted, would require the consent of Buyer under Section 5.01 if such
action was taken after the date hereof and prior to the Closing, and (b) no event, occurrence or development has had, or would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 

  
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 Section 3.10 Material Contracts.

(a) Section 3.10(a) of the Disclosure Schedules lists each of the following Contracts of the Company (such Contracts,
together with all Contracts concerning the occupancy, management or operation of any Real Property (including without limitation, brokerage contracts) listed or otherwise disclosed in Section 3.11(b) of the Disclosure Schedules, being
“Material Contracts”): 
 (i) each Contract or Contract Group of the Company involving aggregate revenue or
expenditures of the Company in excess of $150,000 in any 12-month period and which, in each case, cannot be cancelled by the Company without penalty or without more than 90 days’ notice; 

(ii) all Contracts that require the Company to purchase its total requirements of any product or service from a third party or
that contain “take or pay” provisions; 
 (iii) all Contracts that provide for the indemnification by the Company
of any Person or the assumption of any Tax, environmental or other Liability of any Person (other than standard indemnification provisions entered into in the ordinary course of business); 

(iv) all Contracts that relate to the acquisition or disposition of any business, a material amount of stock or assets of any
other Person or any real property (whether by merger, sale of stock, sale of assets or otherwise); 
 (v) all broker,
distributor, dealer, manufacturer’s representative, franchise, agency, sales promotion, market research, marketing consulting and advertising Contracts to which the Company is a party; 

(vi) all employment agreements and Contracts with independent contractors or consultants (or similar arrangements) to which the
Company is a party and which are not cancellable without material penalty or without more than 90 days’ notice; 
 (vii)
except for Contracts relating to trade receivables, all Contracts relating to indebtedness (including, without limitation, guarantees) of the Company; 

(viii) all Contracts with any Governmental Authority to which the Company is a party (“Government Contracts”);

 (ix) all Contracts that limit or purport to materially limit the ability of the Company to compete in any line of business
or with any Person or in any geographic area or during any period of time; 
 (x) any Contracts to which the Company is a
party that provide for any joint venture, partnership or similar arrangement by the Company; 
 (xi) all Contracts between or
among the Company on the one hand and any Seller or any Affiliate of Sellers (other than the Company) on the other hand; 

(xii) all Related Party Contracts to the extent not described in Section 3.10(a)(xi); 

  
 20 

 (xiii) all collective bargaining agreements or Contracts with any Union to
which the Company is a party; 
 (xiv) all Company IP Agreements, other than (A) nonexclusive inbound licenses, terms of
service, terms of use and similar agreements for commercially available off-the-shelf software, services or software-as-a-service platforms, (B) open source licenses, (C) agreements with current and former employees or independent contractors, (D) nonexclusive,
non-negotiated licenses, software-as-a-service agreements or similar Contracts granted by
the Company to its customers in the ordinary course of business consistent with past practice, (E) Contracts where the only material licenses to Company Intellectual Property are with respect to feedback, suggestions, or the Company’s
Trademarks for inclusion on customer lists or use in the provision of services, and (F) agreements otherwise covered in another subsection of this Section 3.10(a); and 

(xv) to the extent not covered by clause (i) through (xiv) above, any space lease arrangement or revenue sharing
arrangement to which the Company or any of its subsidiaries is a party, in each case, involving annual payments in excess of $150,000. 

(b) Each Material Contract is valid and binding on the Company in accordance with its terms and is in full force and effect.
None of the Company or, to the Company’s Knowledge, any other party thereto is in material breach of or material default under (or is alleged to be in material breach of or material default under), or has provided or received any written notice
of any intention to terminate, any Material Contract. No event or circumstance has occurred that, with notice or lapse of time or both, would constitute a material event of default under any Material Contract or result in a termination thereof or
would cause or permit the acceleration or other material changes of any right or obligation or the loss of any benefit thereunder. Complete and correct copies of each Material Contract (including all modifications, amendments and supplements thereto
and waivers thereunder) have been made available to Buyer. 
 Section 3.11 Title to Assets; Real Property.

(a) The Company has good and valid (and, in the case of owned Real Property, good and marketable fee simple) title to, or a
valid leasehold interest in, all Real Property and personal property and other assets reflected in the Audited Financial Statements or acquired after the Balance Sheet Date, other than properties and assets sold or otherwise disposed of in the
ordinary course of business consistent with past practice since the Balance Sheet Date. All such properties and assets (including leasehold interests) are free and clear of Encumbrances except for the following (collectively referred to as
“Permitted Encumbrances”): 
 (i) those items set forth in Section 3.11(a) of the Disclosure Schedules;

 (ii) liens for Taxes not yet due and payable or being contested in good faith by appropriate procedures; 

(iii) mechanics’, carriers’, workmen’s, repairmen’s or other like liens arising or incurred in the ordinary
course of business consistent with past practice or amounts that are not delinquent and which are not, individually or in the aggregate, material to the business of the Company; 

  
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 (iv) easements, rights of way, zoning ordinances and other similar
encumbrances affecting Real Property which are not, individually or in the aggregate, material to the business of the Company; 

(v) nonexclusive licenses to Company Intellectual Property entered into in the ordinary course of business consistent with past
practice (which, for clarity, do not include any licenses to any third party of any player information); or 
 (vi) other
than with respect to owned Real Property, liens arising under original purchase price conditional sales contracts and equipment leases with third parties entered into in the ordinary course of business consistent with past practice which are not,
individually or in the aggregate, material to the business of the Company. 
 (b) Section 3.11(b) of the Disclosure
Schedules lists (i) the street address of each parcel of Real Property; (ii) if such Real Property is leased or subleased by the Company, the landlord under the lease, the rental amount currently being paid, and the expiration of the term
of such lease or sublease for each leased or subleased Real Property; and (iii) the current use of such Real Property. With respect to owned Real Property, the Company has delivered or made available to Buyer true, complete and correct copies
of the deeds and other instruments (as recorded) by which the Company acquired such Real Property, and copies of all title insurance policies, opinions, abstracts and surveys in the possession of the Company and relating to the Real Property. With
respect to leased Real Property, the Company has delivered or made available to Buyer true, complete and correct copies of any leases affecting the Real Property. The Company is not a sublessor or grantor under any sublease or other instrument
granting to any other Person any right to the possession, lease, occupancy or enjoyment of any leased Real Property. The use and operation of the Real Property in the conduct of the Company’s business do not violate in any material respect any
Law, covenant, condition, restriction, easement, license, permit or agreement. No material improvements constituting a part of the Real Property encroach on real property owned or leased by a Person other than the Company. There are no Actions
pending nor, to the Company’s Knowledge, threatened against or affecting the Real Property or any portion thereof or interest therein in the nature or in lieu of condemnation or eminent domain proceedings. 

Section 3.12 Condition of Assets. Except as set forth in Section 3.12 of the Disclosure Schedules, the
buildings, plants, structures, furniture, fixtures, machinery, equipment, vehicles and other items of tangible personal property of the Company are, to the Company’s Knowledge, structurally sound, are in good operating condition and repair
(ordinary wear and tear excepted) and are adequate for the uses to which they are being put, and none of such buildings, plants, structures, furniture, fixtures, machinery, equipment, vehicles and other items of tangible personal property is in need
of maintenance or repairs except for ordinary, routine maintenance and repairs that are not material in nature or cost. 

Section 3.13 Intellectual Property. 

(a) Section 3.13(a) of the Disclosure Schedules contains (i) a correct, current, and complete list of all
Company IP Registrations, specifying as to each, as applicable: the title, mark, or design; the record owner; the jurisdiction by or in which it has been issued, registered, or filed; and the patent, registration, or application serial number; and
(ii) a summary description of all proprietary software of the Company. 

  
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 (b) Except as set forth in Section 3.13(b) of the Disclosure Schedules,
the Company is the sole and exclusive legal and beneficial, and with respect to the Company IP Registrations, record, owner of all right, title, and interest in and to the Company Intellectual Property, and has the valid and enforceable right to use
all other Intellectual Property used or held for use in or necessary for the conduct of the Company’s business as currently conducted, in each case, free and clear of Encumbrances other than Permitted Encumbrances. The Company has entered into
binding, valid and enforceable, written Contracts with each current and former employee and independent contractor who is or was involved in or has contributed to the invention, creation, or development of any Intellectual Property during the course
of employment or engagement with the Company whereby such employee or independent contractor (i) acknowledges the Company’s exclusive ownership of all Intellectual Property invented, created, or developed by such employee or independent
contractor within the scope of his or her employment or engagement with the Company; (ii) grants to the Company a present, irrevocable assignment of any ownership interest such employee or independent contractor may have in or to such
Intellectual Property, to the extent such Intellectual Property does not constitute a “work made for hire” under applicable Law; and (iii) irrevocably waives any right or interest, including any moral rights, regarding any such
Intellectual Property, to the extent permitted by applicable Law. All assignments and other instruments necessary to establish, record, and perfect the Company’s ownership interest in the Company IP Registrations have been validly executed,
delivered, and filed with the relevant Governmental Authorities and authorized registrars. 
 (c) Subject to obtaining the
consents and taking any other actions described on Section 3.05 of the Disclosure Schedules with respect to IP Agreements, neither the execution, delivery or performance of this Agreement, nor the consummation of the transactions contemplated
hereunder, will result in the loss or impairment of, or require the consent of any other Person in respect of, the Company’s right to own or use any Company Intellectual Property or Licensed Intellectual Property. 

(d) All of the Company IP Registrations that are registered or issued are valid, enforceable, subsisting and in full force and
effect. The Company has taken reasonable steps to maintain and enforce the Company Intellectual Property material to the operation of the Company’s business and to preserve the confidentiality of all Trade Secrets included in the Company
Intellectual Property, including by requiring all Persons having access thereto to execute binding, written non-disclosure agreements. All required filings and fees related to the Company IP Registrations have
been timely submitted with and paid to the relevant Governmental Authorities and authorized registrars. 
 (e) To the
Company’s Knowledge, the conduct of the Company’s business as currently conducted and formerly conducted in the six years prior to the date of this Agreement, including the use of the Company Intellectual Property in connection therewith,
and the products, processes and services of the Company offered in connection with the Company’s business in the six years prior to the date of this Agreement, have not infringed, misappropriated or otherwise violated, and do not currently
infringe, misappropriate or otherwise violate, the Intellectual Property or other rights of any Person. To the Company’s Knowledge, no Person has infringed, misappropriated or otherwise violated any Company Intellectual Property in the six
years prior to the date of this Agreement. 
 (f) Section 3.13(f) of the Disclosure Schedules contains a correct,
current, and complete list of all social media accounts under the control of the Company and used to promote the Company’s business. All Company IT Systems included in the Company Intellectual Property are in good working condition and are
sufficient for the operation of the Company’s business as currently conducted. In the past three years, there has been no malfunction, failure, denial-of-service,
or other cyber incident, including any cyberattack, or other impairment of the Company IT Systems included in the Company Intellectual Property that, in each case, has had a material effect on the operation of the Company’s business. The
Company has taken commercially reasonable steps to safeguard the availability, security, and integrity of the Company IT Systems included in the Company Intellectual Property, including implementing and maintaining appropriate backup, disaster
recovery, and software and hardware support arrangements. 

  
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 (g) With regard to Company IT Systems not included in the Company
Intellectual Property, the Company is operating such third party Software, systems and services within the scope of the licenses to which Company is a party in all material respects. The Company has materially complied with all applicable Laws and
all publicly posted policies, notices, and statements concerning the collection, use, processing, storage, transfer, and security of personal information in the conduct of the Company’s business. In the past three years the Company has not
(i) experienced any actual or suspected data breach or other security incident involving personal information in its possession or control or (ii) been subject to or received any notice of any audit, investigation, complaint, or other
Action by any Governmental Authority or other Person concerning the Company’s collection, use, processing, storage, transfer, or protection of personal information or actual, alleged, or suspected violation of any applicable Law concerning
privacy, data security, or data breach notification, and, to the Knowledge of the Company, there are no facts or circumstances that could reasonably be expected to give rise to any such Action. 

Section 3.14 Inventory. All inventory of the Company, whether or not reflected in the Balance Sheet, consists
of a quality and quantity usable and salable in the ordinary course of business consistent with past practice, except for obsolete, damaged, defective or slow-moving items that have been written off or written down to fair market value or for which
adequate reserves have been established. All such inventory is owned by the Company free and clear of all Encumbrances (other than security interests with respect to Indebtedness that will be paid at or prior to Closing), and no inventory is held on
a consignment basis. To the Company’s Knowledge, the quantities of each item of inventory (whether raw materials, work-in-process or finished goods) are not
excessive, but are reasonable in the present circumstances of the Company. 
 Section 3.15 Accounts Receivable.
The accounts receivable reflected on the Interim Balance Sheet and the accounts receivable arising after the date thereof (a) have arisen from bona fide transactions entered into by the Company involving the sale of goods or the rendering of
services in the ordinary course of business consistent with past practice; and (b) subject to a reserve for bad debts shown on the Interim Balance Sheet or, with respect to accounts receivable arising after the Interim Balance Sheet Date, on
the accounting records of the Company, constitute only valid, undisputed claims of the Company not subject to claims of set-off or other defenses or counterclaims other than normal cash discounts accrued in
the ordinary course of business consistent with past practice. The reserve for bad debts shown on the Interim Balance Sheet or, with respect to accounts receivable arising after the Interim Balance Sheet Date, on the accounting records of the
Company have been determined in accordance with GAAP, consistently applied, subject to normal year-end adjustments and the absence of disclosures normally made in footnotes. 

Section 3.16 Customers and Suppliers.

(a) Section 3.16(a) of the Disclosure Schedules sets forth (i) each customer or group of customers Known by the
Company to be affiliated who has paid aggregate consideration to the Company for goods or services rendered in an amount greater than or equal to $150,0000 for each of the two most recent fiscal years (collectively, the “Material
Customers”); and (ii) the amount of consideration paid by each Material Customer during such periods. Except as set forth in Section 3.16(a) of the Disclosure Schedules, the Company has not received any written notice that any of
its Material Customers has ceased, or intends to cease after the Closing, to use its goods or services or to otherwise terminate or materially reduce its relationship with the Company. 

  
 24 

 (b) Section 3.16(b) of the Disclosure Schedules sets forth
(i) each supplier to whom the Company has paid consideration for goods or services rendered in an amount greater than or equal to $150,000 for each of the two most recent fiscal years (collectively, the “Material Suppliers”);
and (ii) the amount of purchases from each Material Supplier during such periods. Except as set forth in Section 3.16(b) of the Disclosure Schedules, the Company has not received any written notice that any of its Material Suppliers has
ceased, or intends to cease, to supply goods or services to the Company or to otherwise terminate or materially reduce its relationship with the Company. 

Section 3.17 Insurance. Section 3.17 of the Disclosure Schedules sets forth a true and complete list of all
current policies or binders of fire, liability, product liability, umbrella liability, real and personal property, workers’ compensation, vehicular, directors’ and officers’ liability, fiduciary liability and other casualty and
property insurance maintained by the Company and its subsidiaries and relating to the assets, business, operations, employees, officers and directors of the Company and its subsidiaries (collectively, the “Insurance Policies”),
and true and complete copies of such Insurance Policies have been made available to Buyer. Such Insurance Policies are in full force and effect and shall remain in full force and effect immediately following the Closing without any further action of
the Company. Neither the Company nor any of its subsidiaries has received any written notice of cancellation of, premium increase with respect to, or alteration of coverage under, any of such Insurance Policies. All premiums due on such Insurance
Policies have either been paid or, if due and payable prior to Closing, will be paid prior to Closing in accordance with the payment terms of each Insurance Policy. All such Insurance Policies (a) are valid and binding in accordance with their
terms; (b) are provided by carriers who are, to the Company’s Knowledge, financially solvent; and (c) have not been subject to any lapse in coverage. Except as set forth on Section 3.17 of the Disclosure Schedules, there are no
claims related to the business of the Company pending under any such Insurance Policies as to which coverage has been questioned, denied or disputed or in respect of which there is an outstanding reservation of rights. None of the Company nor any of
its subsidiaries is in default under, or has otherwise failed to comply with, in any material respect, any provision contained in any such Insurance Policy. 

Section 3.18 Legal Proceedings; Governmental Orders.

(a) Except as set forth in Section 3.18(a) of the Disclosure Schedules, there are no Actions pending or, to the
Company’s Knowledge, threatened (a) against or by the Company affecting any of its properties or assets, including the Company Intellectual Property or the Company’s rights in any Licensed Intellectual Property; or (b) against or
by the Company that challenges or seeks to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement. To the Company’s Knowledge, no event has occurred or circumstances exist that may give rise to, or serve as a basis
for, any such Action. 
 (b) Except as set forth in Section 3.18(b) of the Disclosure Schedules, there are no
outstanding Governmental Orders and no unsatisfied judgments, penalties or awards against or affecting the Company or any of its properties or assets. The Company is in material compliance with the terms of each Governmental Order set forth in
Section 3.18(b) of the Disclosure Schedules. No event has occurred or circumstances exist that may constitute or result in (with or without notice or lapse of time) a violation of any such Governmental Order. 

  
 25 

 Section 3.19 Compliance With Laws; Permits.

(a) Except as set forth in Section 3.19(a) of the Disclosure Schedules, the Company has materially complied, and is now
materially complying, with all Laws (including any Gaming Laws) applicable to it or its business, properties or assets. 

(b) All Permits required for the Company to conduct its business (including all necessary authorizations and other approvals
under Gaming Laws) have been obtained by it and are valid and in full force and effect. All fees and charges with respect to such Permits as of the date hereof have been paid in full. Section 3.19(b) of the Disclosure Schedules lists all
current Permits issued to the Company, including the names of such Permits and their respective dates of issuance and expiration. No event has occurred that, with or without notice or lapse of time or both, would reasonably be expected to result in
the revocation, suspension, lapse or material limitation of any Permit set forth in Section 3.19(b) of the Disclosure Schedules. 

(c) Except as set forth in Section 3.19(a) of the Disclosure Schedules, neither the Company nor any director, officer, key
employee or partner of the Company or any of its subsidiaries has received any written claim, demand, notice, complaint, court order or administrative order from any Governmental Authority in the past three years under, or relating to, any violation
or possible violation of any Gaming Laws. There are no facts which, if known to the Gaming Authorities, would reasonably be expected to result in the revocation, material limitation or suspension of a license, finding of suitability, registration,
permit or approval of the Company or its subsidiaries or any of their respective officers, directors, key employees or Persons performing management functions similar to an officer or partner under any Gaming Laws. Neither the Company nor any
officer, director, key employee or Person performing management functions similar to an officer or partner of the Company or any of its subsidiaries has ever abandoned or withdrawn (in each case in response to a communication from the Gaming
Authority regarding a likely or impending denial, suspension or revocation) or suffered a suspension or revocation of any Permit (or any application for any Permit) held under the Gaming Laws. 

(d) None of the Company or its subsidiaries have been denied, or had revoked, a gaming license, approval or related finding of
suitability by a Governmental Authority or Gaming Authority within the six years prior to the date of this Agreement. The Company and each of its subsidiaries is in good standing in each of the jurisdictions in which the Company or any subsidiary
owns or operates gaming facilities. Following consultation with Seller’s legal and regulatory advisors, there are no facts relating to the Company or any of its subsidiaries and their respective operations which, if known to the Gaming
Authorities, would (or would be reasonably likely to) (i) result in the denial, revocation, limitation or suspension of any gaming license or other Gaming Approval, (ii) result in a negative outcome to any finding of suitability
proceedings currently pending or under the approval or suitability proceedings necessary for the consummation of the transactions contemplated by this Agreement, including the imposition of any negative condition being placed on any approval or
finding of suitability or (iii) unreasonably delay approval of the transactions contemplated by this Agreement. 

Section 3.20 Environmental Matters.

(a) The Company is currently and has been in compliance in all material respects with all Environmental Laws and has not, and
the Company has not, received from any Person any: (i) Environmental Notice or Environmental Claim; or (ii) written request for information pursuant to Environmental Law, which, in each case, either remains pending or unresolved, or is the
source of ongoing obligations or requirements as of the Closing Date. 

  
 26 

 (b) The Company has obtained and is in material compliance with all material
Environmental Permits (each of which is disclosed in Section 3.20(b) of the Disclosure Schedules) necessary for the ownership, lease, operation or use of the business or assets of the Company and all such Environmental Permits are in full force
and effect. 
 (c) There has been no material Release of Hazardous Materials in contravention of Environmental Law with
respect to the business or assets of the Company or any real property currently or formerly owned, operated or leased by the Company, and neither the Company nor any of its subsidiaries has received an Environmental Notice that any real property
currently or formerly owned, operated or leased in connection with the business of the Company (including soils, groundwater, surface water, buildings and other structure located on any such real property) has been contaminated with any Hazardous
Material which would reasonably be expected to result in an Environmental Claim against, or a violation of Environmental Law or term of any Environmental Permit by, the Company or any of its subsidiaries. 

(d) There are no active, nor has there been any abandoned, aboveground or underground storage tanks owned or operated by the
Company. 
 (e) The Company does not use, and there are no predecessors as to which the Company may retain liability for, any
off-site Hazardous Materials treatment, storage, or disposal facilities or locations. 

(f) Neither the Company nor any of its subsidiaries has retained or assumed, by contract or operation of Law, any liabilities
or obligations of third parties under Environmental Law. 
 (g) The Company has provided or otherwise made available to Buyer
and listed in Section 3.20(g) of the Disclosure Schedules: (i) any and all environmental reports, studies, audits, records, sampling data, site assessments, risk assessments, economic models and other similar documents with respect to the
business or assets of the Company or any currently or formerly owned, operated or leased real property which are in the possession or control of the Company related to compliance with Environmental Laws, Environmental Claims or an Environmental
Notice or the Release of Hazardous Materials; and (ii) any and all material documents concerning planned or anticipated capital expenditures required to reduce, offset, limit or otherwise control pollution and/or emissions, manage waste or
otherwise ensure compliance with current or future Environmental Laws (including, without limitation, costs of remediation, pollution control equipment and operational changes) with respect to the business or assets of the Company. 

(h) The Company is not aware of or reasonably anticipates, as of the Closing Date, any condition, event or circumstance
concerning the Release or storage of Hazardous Materials that might, after the Closing Date, prevent, impede or materially increase the costs associated with the ownership, lease, operation, performance or use of the business or assets of the
Company as currently carried out. 
 Section 3.21 Employee Benefit Matters. 

(a) Section 3.21(a) of the Disclosure Schedules contains a true and complete list of each material pension, benefit,
retirement, compensation, employment, consulting, profit-sharing, deferred compensation, incentive, bonus, performance award, phantom equity, stock or stock-based, change in control, retention, severance, vacation, paid time off (PTO), medical,
vision, dental, disability, welfare, Code Section 125 cafeteria, fringe benefit and other similar agreement, 

  
 27 

 
plan, policy, program or arrangement (and any amendments thereto), in each case whether or not reduced to writing and whether funded or unfunded, including each “employee benefit plan”
within the meaning of Section 3(3) of ERISA, whether or not tax-qualified and whether or not subject to ERISA, which is or has been maintained, sponsored, contributed to, or required to be contributed to
by the Company for the benefit of any current or former employee, officer, director, retiree, independent contractor or consultant of the Company or any spouse or dependent of such individual, or under which the Company or any of its ERISA
Affiliates has or may have any Liability, or with respect to which Buyer or any of its Affiliates would reasonably be expected to have any Liability, contingent or otherwise (as listed on Section 3.21(a) of the Disclosure Schedules, each,
a “Benefit Plan”). 
 (b) With respect to each Benefit Plan, the Company has made available to Buyer
accurate, current and complete copies of each of the following: (i) where the Benefit Plan has been reduced to writing, the plan document together with all amendments; (ii) where the Benefit Plan has not been reduced to writing, a written
summary of all material plan terms; (iii) where applicable, copies of any trust agreements or other funding arrangements, custodial agreements, insurance policies and contracts, administration agreements and similar agreements, and investment
management or investment advisory agreements, now in effect or required in the future as a result of the transactions contemplated by this Agreement or otherwise; (iv) copies of any summary plan descriptions, summaries of material
modifications, summaries of benefits and coverage, COBRA communications, employee handbooks and any other written communications (or a description of any oral communications) relating to any Benefit Plan; (v) in the case of any Benefit Plan
that is intended to be qualified under Section 401(a) of the Code, a copy of the most recent determination, opinion or advisory letter from the Internal Revenue Service and any legal opinions issued thereafter with respect to such Benefit
Plan’s continued qualification; (vi) in the case of any Benefit Plan for which a Form 5500 must be filed, a copy of the two most recently filed Forms 5500, with all corresponding schedules and financial statements attached;
(vii) actuarial valuations and reports related to any Benefit Plans with respect to the two most recently completed plan years; (viii) the most recent nondiscrimination tests performed under the Code; and (ix) copies of material
notices, letters or other correspondence from the Internal Revenue Service, Department of Labor, Department of Health and Human Services, Pension Benefit Guaranty Corporation or other Governmental Authority relating to the Benefit Plan. 

(c) Except as set forth in Section 3.21(c) of the Disclosure Schedules, each Benefit Plan and any related trust (other
than any multiemployer plan within the meaning of Section 3(37) of ERISA (each a “Multiemployer Plan”)) has been established, administered and maintained in accordance with its terms and in compliance in all material respects
with all applicable Laws (including ERISA, the Code and any applicable local Laws). Each Benefit Plan that is intended to be qualified within the meaning of Section 401(a) of the Code (a “Qualified Benefit Plan”) is so
qualified and received a favorable and current determination letter from the Internal Revenue Service with respect to the most recent five year filing cycle, or with respect to a prototype or volume submitter plan, can rely on an opinion letter from
the Internal Revenue Service to the prototype plan or volume submitter plan sponsor, to the effect that such Qualified Benefit Plan is so qualified and that the plan and the trust related thereto are exempt from federal income taxes under Sections
401(a) and 501(a), respectively, of the Code, and nothing has occurred that could reasonably be expected to adversely affect the qualified status of any Qualified Benefit Plan. Nothing has occurred with respect to any Benefit Plan that has subjected
or could reasonably be expected to subject the Company or any of its ERISA Affiliates or, with respect to any period on or after the Closing Date, Buyer or any of its Affiliates, to a penalty under Section 502 of ERISA or to tax or penalty
under Sections 4975, 4980B , 4980D or 4980H of the Code. 

  
 28 

 (d) Except as set forth in Section 3.21(d) of the Disclosure Schedules,
all benefits, contributions and premiums relating to each Benefit Plan have been timely paid in accordance with the terms of such Benefit Plan and all applicable Laws and accounting principles, and all benefits accrued under any unfunded Benefit
Plan have been paid, accrued or otherwise adequately reserved to the extent required by, and in accordance with, GAAP. 
 (e)
Neither the Company nor any of its ERISA Affiliates has (i) incurred or reasonably expects to incur, either directly or indirectly, any material Liability under Title I or Title IV of ERISA or related provisions of the Code or
applicable local Law relating to employee benefit plans; (ii) failed to timely pay premiums to the Pension Benefit Guaranty Corporation; (iii) engaged in any transaction which would give rise to liability under Section 4069 or
Section 4212(c) of ERISA; or (iv) incurred taxes under Section 4971 of the Code. 
 (f) With respect to each Benefit Plan
(i) no such plan is a Multiemployer Plan; (ii) no such plan is a “multiple employer plan” within the meaning of Section 413(c) of the Code or a “multiple employer welfare arrangement” (as defined in
Section 3(40) of ERISA); (iii) no Action has been initiated by the Pension Benefit Guaranty Corporation to terminate any such plan or to appoint a trustee for any such plan; and (iv) no such plan or the plan of any ERISA Affiliate
maintained or contributed to within the last six (6) years is subject to Title IV of ERISA. 
 (g) Each Benefit Plan can
be amended, terminated or otherwise discontinued after the Closing in accordance with its terms, without material liabilities to Buyer, the Company or any of their Affiliates other than ordinary administrative expenses typically incurred in a
termination event. The Company has no commitment or obligation and has not made any representations to any employee, officer, director, independent contractor or consultant, whether or not legally binding, to adopt, amend, modify or terminate any
Benefit Plan or any collective bargaining agreement, in connection with the consummation of the transactions contemplated by this Agreement or otherwise. 

(h) Other than as required under Sections 601 to 608 of ERISA or other applicable Law, no Benefit Plan provides
post-termination or retiree health benefits to any individual for any reason, and neither the Company nor any of its ERISA Affiliates has any Liability to provide post-termination or retiree health benefits to any individual or ever represented,
promised or contracted to any individual that such individual would be provided with post-termination or retiree health benefits. 

(i) Except as set forth in Section 3.21(i) of the Disclosure Schedules, there is no pending or, to the Company’s
Knowledge, threatened Action relating to a Benefit Plan (other than routine claims for benefits), and no Benefit Plan has within the three years prior to the date hereof been the subject of an examination or audit by a Governmental Authority or the
subject of an application or filing under or is a participant in, an amnesty, voluntary compliance, self-correction or similar program sponsored by any Governmental Authority. 

(j) There has been no amendment to, announcement by the Company or any of its subsidiaries relating to, or change in employee
participation or coverage under, any Benefit Plan or collective bargaining agreement that would increase the annual expense of maintaining such plan above the level of the expense incurred for the most recently completed fiscal year (other than on a
de minimis basis) with respect to any director, officer, employee, independent contractor or consultant, as applicable. Neither the Company, nor any of its subsidiaries has any commitment or obligation or has made any representations to any
director, officer, employee, independent contractor or consultant, whether or not legally binding, to adopt, amend, modify or terminate any Benefit Plan or any collective bargaining agreement. 

  
 29 

 (k) Each Benefit Plan that is subject to Section 409A of the Code has
been administered in compliance with its terms and the operational and documentary requirements of Section 409A of the Code and all applicable regulatory guidance (including notices, rulings and proposed and final regulations) thereunder. The
Company does not have any obligation to gross up, indemnify or otherwise reimburse any individual for any excise taxes, interest or penalties incurred pursuant to Section 409A of the Code. 

(l) Each individual who is classified by the Company as an independent contractor has been properly classified for purposes of
participation and benefit accrual under each Benefit Plan. 
 (m) Except as set forth in Section 3.21(m) of the
Disclosure Schedules, neither the execution of this Agreement nor any of the transactions contemplated by this Agreement will (either alone or upon the occurrence of any additional or subsequent events): (i) entitle any current or former director,
officer, employee, independent contractor or consultant of the Company to severance pay or any other payment; (ii) accelerate the time of payment, funding or vesting, or increase the amount of compensation (including stock-based compensation)
due to any such individual; (iii) limit or restrict the right of the Company to merge, amend, or terminate any Benefit Plan; (iv) increase the amount payable under or result in any other material obligation pursuant to any Benefit Plan;
(v) result in “excess parachute payments” within the meaning of Section 280G(b) of the Code; or (vi) require a “gross-up” or other payment to any “disqualified
individual” within the meaning of Section 280G(c) of the Code. The Company has made available to Buyer true and complete copies of any Section 280G calculations prepared (whether or not final) with respect to any disqualified
individual in connection with the transactions. 
 Section 3.22 Employment Matters. 

(a) Section 3.22(a) of the Disclosure Schedules contains a list of all persons who are employees, independent contractors
or consultants of the Company as of the date hereof, including any employee who is on a leave of absence of any nature, paid or unpaid, authorized or unauthorized, and sets forth for each such individual the following: (i) name; (ii) title or
position (including whether full-time or part-time); (iii) hire or retention date; (iv) current annual base compensation rate or contract fee; and (v) commission, bonus or other incentive-based compensation. As of the date hereof, all
compensation, including wages, commissions, bonuses, fees and other compensation, payable to all employees, independent contractors or consultants of the Company for services performed on or prior to the date hereof have been paid in full (or
accrued in full and reflected on the Closing Working Capital Statement) and there are no outstanding agreements, understandings or commitments of the Company with respect to any compensation, commissions, bonuses or fees other than as reflected on
Section 3.22(a) of the Disclosure Schedules. 
 (b) The Company is not, and has not been for the past five years, a
party to, bound by, or negotiating any collective bargaining agreement or other Contract with a union, works council or labor organization (collectively, “Union”), and there is not, and has not been for the past five years, any
Union representing or purporting to represent any employee of the Company, and, to the Company’s Knowledge, no Union or group of employees is seeking or has sought to organize employees for the purpose of collective bargaining. There has never
been, nor has there been any threat of, any strike, slowdown, work stoppage, lockout, concerted refusal to work overtime or other similar labor disruption or dispute affecting the Company or any of its employees. The Company has no duty to bargain
with any Union. 

  
 30 

 (c) The Company is and has been in compliance in all material respects with
all applicable Laws pertaining to employment and employment practices including all Laws relating to labor relations, equal employment opportunities, fair employment practices, employment discrimination, harassment, retaliation, reasonable
accommodation, disability rights or benefits, immigration, wages, hours, overtime compensation, child labor, hiring, promotion and termination of employees, working conditions, meal and break periods, privacy, health and safety, workers’
compensation, leaves of absence, paid sick leave and unemployment insurance. All individuals characterized and treated by the Company as independent contractors or consultants are properly treated as independent contractors under all applicable
Laws. All employees of the Company classified as exempt under the Fair Labor Standards Act and state and local wage and hour laws are properly classified. The Company is in compliance with and has complied with all immigration laws, including Form I-9 requirements and any applicable mandatory E-Verify obligations. Except as set forth in Section 3.22(c) of the Disclosure Schedules, there are no Actions against the
Company pending, or to the Company’s Knowledge, threatened to be brought or filed, by or with any court, Governmental Authority or arbitrator in connection with the employment of any current or former applicant, employee, consultant, volunteer,
intern or independent contractor of the Company, including, without limitation, any charge, investigation or claim relating to unfair labor practices, equal employment opportunities, fair employment practices, employment discrimination, harassment,
retaliation, reasonable accommodation, disability rights or benefits, immigration, wages, hours, overtime compensation, employee classification, child labor, hiring, promotion and termination of employees, working conditions, meal and break periods,
privacy, health and safety, workers’ compensation, leaves of absence, paid sick leave, unemployment insurance or any other employment related matter arising under applicable Laws. 

(d) The Company has complied with the WARN Act when applicable and it has no plans to undertake any action that would trigger
the WARN Act. 
 Section 3.23 Taxes. 

(a) All Tax Returns required to be filed under applicable law on or before the Closing Date by the Company have been, or will
be, timely filed (taking into account any applicable extensions). Such Tax Returns are, or will be, true, complete and correct in all material respects. All Taxes due and owing by the Company (whether or not shown on any Tax Return) have been, or
will be, timely paid. The Company is not currently the beneficiary of any extension of time within which to file any Tax Return. 

(b) The Company has withheld and paid all Tax required to have been withheld and paid in connection with any amounts paid or
owing to any employee, independent contractor, creditor, customer, shareholder or other party, and complied with all material information reporting and backup withholding provisions of applicable Law. 

(c) No claim has ever been made by any taxing authority in any jurisdiction where the Company does not file Tax Returns that it
is, or may be, subject to Tax by that jurisdiction. 
 (d) No extensions or waivers of statutes of limitations have been
given or requested with respect to any Taxes of the Company. 

  
 31 

 (e) The amount of the Company’s Liability for unpaid Taxes for all
periods ending on or before June 30, 2020 does not, in the aggregate, exceed the amount of accruals for Taxes (excluding reserves for deferred Taxes) reflected on the Financial Statements. The amount of the Company’s Liability for unpaid
Taxes for all periods following the end of the recent period covered by the Financial Statements shall not, in the aggregate, exceed the amount of accruals for Taxes (excluding reserves for deferred Taxes) set forth in the Closing Working Capital
Statement. Since the Interim Balance Sheet Date, the Company has not incurred any liability for Taxes arising from extraordinary gains or losses, as that term is used in GAAP, outside the ordinary course of business consistent with past custom and
practice. 
 (f) Section 3.23(f) of the Disclosure Schedules sets forth: 

(i) those years for which examinations of the Company’s Taxes by the taxing authorities have been completed; and 

(ii) those taxable years for which examinations of the Company’s Taxes by taxing authorities are presently being
conducted. 
 (g) All Tax deficiencies asserted, or assessments made, against the Company as a result of any examinations by
any taxing authority have been fully paid. 
 (h) The Company is not a party to any Action by any taxing authority. There are
no pending or threatened Actions by any taxing authority. The Company has not received from any taxing authority any notice of deficiency or proposed adjustment for any amount of Tax proposed, asserted or assessed by any taxing authority against the
Company. 
 (i) The Company has delivered to Buyer copies of all federal, state, local and foreign income, franchise and
similar Tax Returns, examination reports, and statements of deficiencies assessed against, or agreed to by, the Company for all Tax periods ending after December 31, 2013. 

(j) There are no Encumbrances for Taxes (other than for current Taxes not yet due and payable) upon any of the assets of the
Company. 
 (k) The Company is not a party to, or bound by, any Tax indemnity, Tax sharing or Tax allocation agreement other
than commercial agreements entered into in the ordinary course of business the primary purpose of which does not relate to Taxes. 

(l) No private letter rulings, technical advice memoranda or similar agreement or rulings have been received from any taxing
authority with respect to the Company. 
 (m) The Company has not been a member of an affiliated, combined, consolidated or
unitary Tax group for Tax purposes. The Company has no Liability for Taxes of any Person (other than the Company) under Treasury Regulations Section 1.1502-6 (or any corresponding provision of state,
local or non-U.S. Law), as transferee or successor, by contract or otherwise. 
 (n)
The Company will not be required to include any item of income in, or exclude any item or deduction from, taxable income for any taxable period or portion thereof ending after the Closing Date as a result of: 

(i) any change in a method of accounting or use of an improper method of accounting, for a taxable period ending on or prior to
the Closing Date; 

  
 32 

 (ii) an installment sale or open transaction made on or prior to the Closing
Date; 
 (iii) a prepaid amount received on or before the Closing Date; 

(iv) any closing agreement described in Section 7121 of the Code (or any corresponding or similar provision of state,
local or non-U.S. income Tax Law) executed on or prior to the Closing Date; 
 (v)
any intercompany transaction or excess loss account described in Treasury Regulations under Section 1502 of the Code (or any corresponding or similar provision of state, local or non-U.S. income Tax law);
or 
 (vi) any election under Section 108(i) of the Code. 

(o) The Company is not, nor has it been, a United States real property holding corporation (as defined in
Section 897(c)(2) of the Code) during the applicable period specified in Section 897(c)(1)(A) of the Code. 
 (p)
The Company has not distributed stock of another Person, or had its stock distributed by another Person, in a transaction that was purported or intended to be governed in whole or in part by Sections 355 or 361 of the Code within the last
five years. 
 (q) The Company is not, and has not been, a party to a “reportable transaction” within the meaning
of Section 6707A(c)(1) of the Code and Treasury Regulations Section 1.6011 4(b). 
 (r) There is currently no
limitation on the utilization of net operating losses, capital losses, built-in losses, tax credits or similar items of the Company under Sections 382, 383, 384 or 1502 of the Code and the Treasury Regulations
thereunder (and comparable provisions of state, local or non-U.S. Law). The Company is not a party to any agreement, contract, arrangement or plan that has resulted or could result, separately or in the
aggregate, in the payment of (i) any “excess parachute payment” within the meaning of Section 280G of the Code (or any corresponding provision of state, local or non-U.S. income Tax law) or
(ii) any amount that will not be fully deductible as a result of Section 162(m) of the Code (or any corresponding provision of state, local or non-U.S. income Tax law). 

(s) The Company (i) is not a “controlled foreign corporation” as defined in Section 957 of the Code,
(ii) is not a “passive foreign investment company” within the meaning of Section1297 of the Code or (iii) does not have a permanent establishment (within the meaning of an applicable Tax treaty) or otherwise have an office or
fixed place of business in a country other than the country in which it is organized. 
 (t) No property owned by the Company
is (i) required to be treated as being owned by another person pursuant to the so-called “safe harbor lease” provisions of former Section 168(f)(8) of the Internal Revenue Code of 1954, as
amended, (ii) subject to Section 168(g)(1)(A) of the Code, or (iii) subject to a disqualified leaseback or long-term agreement as defined in Section 467 of the Code. 

  
 33 

 Section 3.24 Books and Records. The complete minute books
and stock record books of the Company and its subsidiaries have been made available to Buyer. The minute books of the Company contain accurate records of all formal meetings, and actions taken by written consent of, the stockholders, the board of
directors and any committees of the board of directors of the Company, and no formal meeting, or action taken by written consent, of any such stockholders, board of directors or committee has been held for which minutes have not been prepared and
are not contained in such minute books. At the Closing, all of those books and records will be in the possession of the Company. 

Section 3.25 Brokers. Other than Houlihan Lokey, no broker, finder or investment banker is entitled to any
brokerage, finder’s or other fee or commission in connection with the transactions contemplated by this Agreement, the Escrow Agreement or any other Ancillary Document based upon arrangements made by or on behalf of Company. 

Section 3.26 Related Party Contracts. Except as set forth in Section 3.26 of the Disclosure Schedules, no
manager, director, officer, member of the Management Group or other Affiliate of the Company or Sellers, respectively, is party to (i) any Contract with the Company or its subsidiaries, (ii) any lease pertaining to Real Property or
(iii) any Contract with the Company or its subsidiaries pursuant to which it provides goods or services to the Company or its subsidiaries (any Contract referred to in clauses (i) – (iii), a “Related Party Contract”);
provided, that “Related Party Contract” shall not include (x) any organizational document of the Company or (y) any Contract relating to employment or the issuance or grant of equity securities. 

Section 3.27 Seller Representations and Warranties. Each Seller represents and warrants to Buyer that such Seller is
the sole beneficial and record owner of the outstanding Securities of the Company as set forth in Section 3.03(a) of the Disclosure Schedules and such Seller owns such Securities free and clear of all Liens (other than those restrictions
imposed by applicable Laws). 
 Section 3.28 No Other Representations or Warranties. Except for the
representations and warranties of the Company and Sellers expressly set forth in this ARTICLE III and the representations and warranties in any certificate or other document delivered hereunder, and not in limitation hereof, neither the Company,
Sellers nor any other Person makes any other express or implied representation or warranty on behalf of the Company or Sellers, including any representation or warranty with respect to the Company’s assets, Liabilities, performance, prospects
or otherwise, including any representation or warranty as to the accuracy or completeness of any information, documents or material regarding the Company and its business, performance or prospects furnished or made available to Buyer and its
Representatives or any representation or warranty arising from statute or otherwise in Law, and any such express or implied representation or warranty not expressly set forth in this Agreement or any certificate or other document delivered hereunder
is disclaimed by the Company and Sellers in its entirety. 
 ARTICLE IV 

REPRESENTATIONS AND WARRANTIES OF BUYER 

Except as set forth in the correspondingly numbered Section of the Disclosure Schedules, Buyer represents and warrants to Sellers that the
statements contained in this ARTICLE IV are true and correct as of the date hereof. 
 Section 4.01 Organization
and Authority of Buyer. 
 (a) Accel is a corporation duly organized, validly existing and in good standing under the
Laws of the state of Delaware and Accel Sub is a limited liability company duly organized, validly existing and in good standing under the Laws of the State of Delaware. Buyer has full corporate or limited liability company power and authority, as
applicable, to enter into this Agreement, the Escrow Agreement and each Ancillary Document to which Buyer is a party, to carry out its obligations hereunder and thereunder and to consummate the transactions

  
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contemplated hereby and thereby. The execution and delivery by Buyer of this Agreement, the Escrow Agreement and any Ancillary Document to which Buyer is a party, the performance by Buyer of its
obligations hereunder and thereunder and the consummation by Buyer of the transactions contemplated hereby and thereby have been duly authorized by all requisite corporate or limited liability company action, as applicable, on the part of Buyer. No
vote of the holders of capital stock of Accel or the membership interests of Accel Sub is necessary pursuant to applicable Law, the certificate of incorporation or bylaws of Accel, the certificate of formation or limited liability company agreement
of Accel Sub, the applicable rules of the New York Stock Exchange or otherwise to approve this Agreement and the transactions contemplated hereby (including in order for Accel to issue the Management Group Shares). This Agreement has been duly
executed and delivered by Buyer, and (assuming due authorization, execution and delivery by each other party hereto) this Agreement constitutes a legal, valid and binding obligation of Buyer enforceable against Buyer in accordance with its terms.
When the Escrow Agreement and each Ancillary Document to which Buyer is or will be a party has been duly executed and delivered by Buyer (assuming due authorization, execution and delivery by each other party thereto), the Escrow Agreement and each
such Ancillary Document will constitute a legal and binding obligation of Buyer enforceable against it in accordance with its terms. 

(b) The Management Group Shares to be issued as part of the transactions contemplated by this Agreement, when issued and
delivered in accordance with the terms of this Agreement, will have been duly authorized and validly issued, fully paid and nonassessable, free of preemptive rights and Encumbrances (other than restrictions on transfer arising under applicable
securities Law and the applicable Stock Purchase and Restriction Agreement), and issued in compliance with federal and state securities Law. 

Section 4.02 No Conflicts; Consents. The execution, delivery and performance by Buyer of this Agreement and
the Escrow Agreement and each Ancillary Documents to which it is a party, and the consummation of the transactions contemplated hereby and thereby, do not and will not: (a) conflict with or result in a violation or breach of, or default under,
any provision of the certificate of incorporation, by-laws or other organizational documents of Accel; (b) conflict with or result in a violation or breach of, or default under, any provision of the
certificate of formation, limited liability company agreement or other organizational documents of Accel Sub ; (b) conflict with or result in a violation or breach of any provision of any Law or Governmental Order applicable to Buyer; or
(c) except as set forth in Section 4.02 of the Disclosure Schedules, require the consent, notice or other action by any Person under any Contract to which Buyer is a party. Except as set forth in Section 4.02 of the Disclosure
Schedules, no consent, approval, Permit, Governmental Order, Gaming Approval, declaration or filing with, or notice to, any Governmental Authority or Gaming Authority is required by or with respect to Buyer in connection with the execution and
delivery of this Agreement, the Escrow Agreement or any Ancillary Document and the consummation of the transactions contemplated hereby and thereby, except for such filings as may be required under the HSR Act. 

Section 4.03 Investment Purpose. Buyer is acquiring the Shares solely for its own account for investment
purposes and not with a view to, or for offer or sale in connection with, any distribution thereof. Buyer acknowledges that the Shares are not registered under the Securities Act or any state securities laws, and that the Shares may not be
transferred or sold except pursuant to the registration provisions of the Securities Act or pursuant to an applicable exemption therefrom and subject to state securities laws and regulations, as applicable. 

  
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 Section 4.04 Brokers. No broker, finder or investment
banker is entitled to any brokerage, finder’s or other fee or commission in connection with the transactions contemplated by this Agreement, the Escrow Agreement or any Ancillary Document based upon arrangements made by or on behalf of Buyer.

 Section 4.05 Sufficiency of Funds. Buyer has sufficient cash on hand or other sources of immediately
available funds to enable it to make payment of the Purchase Price and consummate the transactions contemplated by this Agreement. 

Section 4.06 Legal Proceedings. Except as set forth in Section 4.06 of the Disclosure Schedules, there
are no Actions pending or, to Buyer’s knowledge, threatened against or by Buyer or any Affiliate of Buyer that challenge or seek to prevent, enjoin or otherwise delay the transactions contemplated by this Agreement. No event has occurred or
circumstances exist that may give rise or serve as a basis for any such Action. 
 Section 4.07 SEC Filings. 

(a) Accel has filed with or furnished to the SEC (including following any extensions of time for filing provided by Rule 12b-25 promulgated under the Exchange Act) all reports, schedules, forms, statements, prospectuses, registration statements and other documents required to be filed or furnished, as the case may be, by Accel
(collectively, together with any exhibits and schedules thereto and other information incorporated therein, the “Accel SEC Documents”). 

(b) As of its filing date (or, if amended or supplemented, as of the date of the most recent amendment or supplement filed
prior to the date of this Agreement), each Accel SEC Document complied in all material respects with the applicable requirements of the Securities Act, the Exchange Act and the Sarbanes-Oxley Act, and any rules and regulations promulgated
thereunder, as the case may be, and did not contain any untrue statement of a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein, in light of the circumstances under which they
were made, not misleading. 
 (c) As of the date of this Agreement, there are no outstanding or unresolved comments in
comment letters received from the SEC with respect to any Accel SEC Documents. Accel has not received written notice from the SEC that any of its accounting policies or practices are or may be the subject of any review, inquiry, investigation or
challenge by the SEC. Accel’s independent public accounting firm has not informed Buyer that it has any material questions, challenges or disagreements regarding or pertaining to Accel’s accounting policies or practices. 

(d) Accel has established and maintains disclosure controls and procedures (as defined in Rule
13a-15 under the Exchange Act) and Accel and its subsidiaries have established and maintained a system of internal control over financial reporting (as defined in Rule
13a-15 under the Exchange Act) sufficient to provide reasonable assurance regarding the reliability of Accel’s financial reporting and the preparation of Buyer financial statements for external purposes
in accordance with GAAP. 
 (e) Neither Accel nor any of its subsidiaries has extended or maintained credit, arranged for the
extension of credit, or renewed an extension of credit, in the form of a personal loan to or for any executive officer (as defined in Rule 3b-7 under the Exchange Act) or director of Buyer in violation of
Section 402 of the Sarbanes-Oxley Act. 
 (f) Accel is in compliance, and has complied, in each case in all material
respects, with (i) the applicable provisions of the Sarbanes-Oxley Act and (ii) the applicable listing and corporate governance rules and regulations of the New York Stock Exchange. 

  
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 (g) Neither Accel nor any of its subsidiaries are a party to, or have any
commitment to become a party to, any joint venture, off-balance sheet partnership or similar contract (including any contract relating to any transaction or relationship between or among Accel and any of its
subsidiaries, on the one hand, and any unconsolidated Affiliate, including any structured finance, special purpose or limited purpose entity or Person, on the other hand, or any “off-balance sheet
arrangements” (as defined in Item 303(a) of Regulation S-K under the Exchange Act)), where the result, purpose or intended effect of such contract is to avoid disclosure of any material transaction
involving, or material liabilities of, Accel or any of its subsidiaries in Accel’s or such subsidiary’s published financial statements or other Accel SEC Documents. 

Section 4.08 No Denial or Revocation of Gaming Approvals. Neither Buyer nor any of its subsidiaries: (i) ever
applied for a Gaming Approval in any state or other jurisdiction and been denied; (ii) experienced any revocation or failure to renew any such Gaming Approval; or (iii) withdrawn or not applied for any such license or renewal after being
informed orally or in writing by any Governmental Authority that it would be denied such a license or renewal if it were applied for. 

Section 4.09 Non-Reliance. 

(a) In connection with the due diligence investigation of the Company and its subsidiaries by Buyer, Buyer has received and may
continue to receive from the Company, its subsidiaries and/or Sellers or any of their respective Affiliates or Representatives certain estimates, projections, forecasts and other forward-looking information, as well as certain business plan and
cost-related plan information, regarding the Company and its subsidiaries and their respective businesses and operations. Buyer hereby acknowledges that there are uncertainties inherent in attempting to make such estimates, projections, forecasts
and other forward-looking statements, with which Buyer is familiar, and Buyer will have no claim against Sellers, the Company or its subsidiaries, or any of their respective stockholders, Affiliates or Representatives, or any other Person, solely
with respect thereto. Accordingly, Buyer hereby acknowledges that none of Sellers, the Company or its subsidiaries, nor any of their respective Affiliates or Representatives, nor any other Person, has made or is making any representation or warranty
with respect to such estimates, projections, forecasts, forward-looking statements, business plans or cost-related plans (including the reasonableness of the assumptions underlying such estimates, projections, forecasts, forward-looking statements,
business plans or cost-related plans), except as provided in ARTICLE III. 
 (b) Buyer acknowledges and agrees that neither
the Company nor any Seller has made and none is making any representations or warranties whatsoever regarding the subject matter of this Agreement, express or implied, except as provided in ARTICLE III, and that it is not relying and has not relied
on any representations or warranties whatsoever regarding the subject matter of this Agreement, express or implied, except for the representations and warranties provided in ARTICLE III. 

(c) Notwithstanding anything to the contrary herein (including this Section 4.09), the provisions of this Agreement do not
in any way limit any legal remedy of Buyer against the Company, Sellers or any other Person for claims based on fraud. 

Section 4.10 No Other Representations or Warranties. Except for the representations and warranties of Buyer
expressly set forth in this ARTICLE IV (as modified by the Accel SEC Documents) and the representations and warranties in any certificate or other document delivered hereunder, and not in limitation hereof, neither Buyer nor any other Person makes
any other express or implied representation or warranty on behalf of Buyer, including any representation or warranty with respect to its assets, Liabilities, performance, prospects or otherwise, including any representation or warranty as to the
accuracy or 

  
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completeness of any information, documents or material regarding Buyer and its business, performance or prospects furnished or made available to Sellers and its Representatives or any
representation or warranty arising from statute or otherwise in law, and any such express or implied representation or warranty not expressly set forth in any this Agreement or any certificate or other document delivered hereunder is disclaimed by
Buyer in its entirety. 
 ARTICLE V 

COVENANTS 

Section 5.01 Conduct of Business Prior to the Closing. From the date hereof until the Closing, except as
otherwise provided in this Agreement or consented to in writing by Buyer (which consent shall not be unreasonably withheld or delayed), the Company shall (x) conduct the business of the Company in the ordinary course of business consistent with
past practice; provided, that the Company may take such actions as are reasonably necessary in response to or as a result of the COVID-19 pandemic; provided further, that the Company shall
consult with Buyer prior to taking any such action to the extent reasonably practicable to do so; and (y) use reasonable best efforts to maintain and preserve intact the current organization, business and franchise of the Company and to
preserve the rights, franchises, goodwill and relationships of its employees, customers, lenders, suppliers, regulators and others having business relationships with the Company. Without limiting the foregoing, from the date hereof until the Closing
Date, the Company shall not, except as otherwise provided in this Agreement or consented to in writing by Buyer (which consent shall not be unreasonably withheld or delayed): 

(a) amend the charter, by-laws or other organizational documents of the Company; 

(b) split, combine or reclassify any shares of its capital stock; 

(c) issue, sell or otherwise dispose of any of its capital stock, or grant any options, warrants or other rights to purchase or
obtain (including upon conversion, exchange or exercise) any of its capital stock; 
 (d) declare or make payment of any
dividends or distributions on or in respect of any of its capital stock or redeem, purchase or acquire its capital stock; 

(e) make any material change in any method of accounting or accounting practice of the Company, except as required by GAAP or
as disclosed in the notes to the Financial Statements; 
 (f) make any material change in the Company’s cash management
practices and its policies, practices and procedures with respect to collection of accounts receivable, establishment of reserves for uncollectible accounts, accrual of accounts receivable, inventory control, prepayment of expenses, payment of trade
accounts payable, accrual of other expenses, deferral of revenue and acceptance of customer deposits; 
 (g) enter into any
Contract that would constitute a Material Contract, except in the ordinary course of business; 
 (h) incur, assume or
guarantee any indebtedness for borrowed money except unsecured current obligations and Liabilities incurred in the ordinary course of business consistent with past practice or indebtedness that will be repaid prior to or at the Closing; 

(i) transfer, assign or grant any material license or sublicense under or with respect to any Company Intellectual Property,
except in the ordinary course of business; 

  
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 (j) abandon, allow to lapse or fail to maintain in full force and effect any
material Company IP Registration; 
 (k) accelerate, terminate, make material modification to or cancel any Material
Contract, except in the ordinary course of business; 
 (l) grant any material bonuses, whether monetary or otherwise, or
increase of greater than five percent (5%) in any wages, salary or other compensation or benefits in respect of its employees, officers, directors or independent contractors, other than as provided for in any written agreements, required by
applicable Law or otherwise consistent with the Company’s past practices with respect to hourly workers; 
 (m) hire or
promote any person as or to (as the case may be) officer or hire any employee below officer with annual compensation in excess of $150,000, other than in each case to fill positions open as of the date of this Agreement or thereafter due to
subsequent departures; 
 (n) adopt, materially modify or terminate any: (i) employment, severance, retention or other
agreement with any current or former employee, officer, director, independent contractor or consultant with annual compensation in excess of $150,000, (ii) material Benefit Plan or (iii) collective bargaining or other agreement with a Union, in
each case whether written or oral; 
 (o) make any loan to any of its stockholders or current or former directors, officers
and employees, except for ordinary course advancement of expenses or loans that would be repaid at or prior to the Closing, or enter into any Related Party Contract; 

(p) enter into a new line of business or abandon or discontinue existing lines of business; 

(q) adopt any plan of merger, consolidation, reorganization, liquidation or dissolution or filing of a petition in bankruptcy
under any provisions of federal or state bankruptcy Law or consent to the filing of any bankruptcy petition against it under any similar Law; 

(r) purchase, lease or otherwise acquire the right to own, use or lease any property or assets for an amount in excess of
$150,000 individually or with respect to related leases (in the case of a lease or multiple related leases, per annum) or $500,000 in the aggregate (in the case of a lease, for the entire term of the lease, not including any option term), except for
purchases of inventory or supplies in the ordinary course of business consistent with past practice; 
 (s) acquire by merger
or consolidate with, or purchase a substantial portion of the assets or stock of, or by any other manner, any business or any Person or any division thereof; 

(t) make, change or rescind any material Tax election, amend any material Tax Return or take any position on any Tax Return,
take any action, omit to take any action or enter into any other transaction that would have the effect of materially increasing the Tax liability or reducing any Tax asset of Buyer in respect of any Post-Closing Tax Period; or 

(u) make any Contract to do any of the foregoing, or take any action or make any omission that would result in any of the
foregoing. 

  
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 Section 5.02 Access to Information. From the date hereof
until the Closing, the Company shall (a) afford Buyer and its Representatives reasonable access, during normal business hours and upon reasonable prior written notice, to and the right to inspect all of the Real Property, properties, assets,
premises, books and records, Contracts and other documents and data related to the Company (except as otherwise provided by Law); (b) furnish Buyer and its Representatives with such financial, operating and other data and information related to
the Company as Buyer or any of its Representatives may reasonably request, provided that nothing in this clause (b) shall require the Company to produce any data or information that is not already produced by the Company in the ordinary
course of business; and (c) instruct the Representatives of the Company to reasonably cooperate with Buyer in its investigation of the Company in accordance with this Section 5.02. Any investigation pursuant to this Section 5.02 shall
be conducted in such manner as not to interfere unreasonably with the conduct of the business of the Company. Nothing contained herein shall permit or require Buyer to take part in any operations or make any decisions that may interfere with the
Company’s prerogative to operate its business prior to the Closing. 
 Section 5.03 No Solicitation of Other
Bids.
 (a) The Company shall not, and shall not authorize or permit any of its Affiliates or any of its or their
Representatives to, directly or indirectly, (i) encourage, solicit, initiate, facilitate or continue inquiries regarding an Acquisition Proposal; (ii) enter into discussions or negotiations with, or provide any information to, any Person
concerning a possible Acquisition Proposal; or (iii) enter into any agreements or other instruments (whether or not binding) regarding an Acquisition Proposal. The Company shall immediately cease and cause to be terminated, and shall cause its
Affiliates and all of its and their Representatives to immediately cease and cause to be terminated, all existing discussions or negotiations with any Persons conducted heretofore with respect to, or that could lead to, an Acquisition Proposal. For
purposes hereof, “Acquisition Proposal” shall mean any inquiry, proposal or offer from any Person (other than Buyer or any of its Affiliates) concerning (i) a merger, consolidation, liquidation, recapitalization, share exchange
or other business combination transaction involving the Company; (ii) the issuance or acquisition of shares of capital stock or other equity securities of the Company; or (iii) the sale, lease, exchange or other disposition of any
significant portion of the Company’s properties or assets. 
 (b) In addition to the other obligations under this
Section 5.03, the Company shall promptly (and in any event within three Business Days after receipt thereof by the Company or its Representatives) advise Buyer orally and in writing of any Acquisition Proposal, any request for information with
respect to any Acquisition Proposal, or any inquiry with respect to or which could reasonably be expected to result in an Acquisition Proposal. 

(c) The Company agrees that the rights and remedies for noncompliance with this Section 5.03 shall include having such
provision specifically enforced by any court having equity jurisdiction, it being acknowledged and agreed that any such breach or threatened breach shall cause irreparable injury to Buyer and that money damages would not provide an adequate remedy
to Buyer. 
 Section 5.04 Notice of Certain Events.

(a) From the date hereof until the Closing, the Company and Buyer shall, as applicable, promptly notify the other party in
writing of: 
 (i) any fact, circumstance, event or action the existence, occurrence or taking of which has resulted in, or
would reasonably be expected to result in, the failure of any of the conditions set forth in Section 7.02 or Section 7.03, as applicable, to be satisfied; 

  
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 (ii) any notice or other communication from any Person alleging that the
consent of such Person is or may be required in connection with the transactions contemplated by this Agreement; 
 (iii) any
notice or other communication from any Governmental Authority (including any Gaming Authority) in connection with the transactions contemplated by this Agreement; and 

(iv) any Actions commenced or, to the Company’s Knowledge, threatened against, relating to or involving or otherwise
affecting Sellers or the Company that, if pending on the date of this Agreement, would have been required to have been disclosed pursuant to Section 3.18 or that relates to the consummation of the transactions contemplated by this Agreement.

 (b) Buyer’s receipt of information pursuant to this Section 5.04 shall not operate as a waiver or otherwise
affect any representation, warranty or agreement given or made by the Company or Sellers in this Agreement (including Section 8.02 and Section 9.01(b)) and shall not be deemed to amend or supplement the Disclosure Schedules, unless
expressly waived in writing at or prior to the Closing. 
 Section 5.05 Resignations. The Company shall
deliver to Buyer written resignations, effective as of the Closing Date, of the officers and directors of the Company set forth on Section 5.05 of the Disclosure Schedules requested by Buyer at least five Business Days prior to the Closing.

 Section 5.06 Director and Officer Indemnification and Insurance. 

(a) Buyer agrees that all rights to indemnification, advancement of expenses and exculpation by the Company now existing in
favor of each Person who is now, or has been at any time prior to the date hereof or who becomes prior to the Closing Date, an officer or director of the Company, as provided in the certificate of incorporation or
by-laws of the Company, in each case as in effect on the date of this Agreement, or pursuant to any other agreements in effect on the date hereof and disclosed in Section 5.06 of the Disclosure Schedules,
shall survive the Closing Date and shall continue in full force and effect in accordance with their respective terms. 
 (b)
The Company shall, and Buyer shall cause the Company to (i) maintain in effect for a period of six (6) years after the Closing Date, if available, the current policies of directors’ and officers’ liability insurance maintained by
the Company immediately prior to the Closing Date (provided that the Company may substitute therefor policies, of at least the same coverage and amounts and containing terms and conditions that are not less advantageous to the directors and officers
of the Company when compared to the insurance maintained by the Company as of the date hereof), or (ii) obtain as of the Closing Date “tail” insurance policies with a claims period of 6 years from the Closing Date with at least the
same coverage and amounts, and containing terms and conditions that are not less advantageous to the directors and officers of the Company, in each case with respect to claims arising out of or relating to events which occurred on or prior to the
Closing Date (including in connection with the transactions contemplated by this Agreement). 
 (c) The obligations of Buyer
and the Company under this Section 5.06 shall not be terminated or modified in such a manner as to adversely affect any director or officer to whom this Section 5.06 applies without the consent of such affected director or officer (it
being expressly agreed that the directors and officers to whom this Section 5.06 applies shall be third-party beneficiaries of this Section 5.06, each of whom may enforce the provisions of this Section 5.06). 

  
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 (d) In the event Buyer, the Company or any of their respective successors or
assigns (i) consolidates with or merges into any other Person and shall not be the continuing or surviving corporation or entity in such consolidation or merger or (ii) transfers all or substantially all of its properties and assets to any
Person, then, and in either such case, proper provision shall be made so that the successors and assigns of Buyer or the Company, as the case may be, shall assume all of the obligations set forth in this Section 5.06. 

Section 5.07 Confidentiality. From and after the Closing, Sellers shall, and shall cause their respective
Affiliates to, hold, and shall use its commercially reasonable efforts to cause its or their respective Representatives to hold, in confidence any and all information, whether written or oral, concerning the Company, except to the extent that any
Seller can show that such information (a) is generally available to or known by the public through no fault of Sellers, any of their respective Affiliates or their respective Representatives; or (b) is lawfully acquired by a Seller, any of
its Affiliates or their respective Representatives from and after the Closing from sources which are not prohibited from disclosing such information by a legal, contractual or fiduciary obligation. If any Seller or any of its Affiliates or their
respective Representatives are compelled to disclose any information by judicial or administrative process or by other requirements of Law, such Seller shall, to the extent legally permissible, promptly notify Buyer in writing and shall disclose
only that portion of such information which such Seller is advised by its counsel is legally required to be disclosed, provided, that such Seller shall use commercially reasonable efforts to, at Buyer’s sole cost and expense,
obtain an appropriate protective order or other reasonable assurance that confidential treatment will be accorded such information. Notwithstanding the foregoing, nothing in this Section 5.07 shall limit Sellers’ use of any such
information in connection with the administration or enforcement of the provisions of this Agreement. 
 Section 5.08
Non-Competition; Non-Solicitation.
 (a)
For a period of twenty-four months commencing on the Closing Date (the “Restricted Period”), each member of the Management Group agrees that he or she shall not, directly or indirectly, (i) engage in or assist others in
engaging in the Restricted Business in the Territory; (ii) have an interest in any Person that engages directly or indirectly in the Restricted Business in the Territory in any capacity, including as a partner, shareholder, member, employee,
principal, agent, trustee or consultant; or (iii) intentionally interfere in any material respect with the business relationships (whether formed prior to or after the date of this Agreement) between the Company and customers or suppliers of
the Company. Notwithstanding the foregoing, (x) each member of the Management Group may own, directly or indirectly, solely as an investment, securities of any Person traded on any national securities exchange if such member of the Management
Group is not a controlling Person of, or a member of a group which controls, such Person and does not, directly or indirectly, own 5% or more of any class of securities of such Person and (y) nothing in this Section 5.08 shall restrict any
member of the Management Group or any of their respective Affiliates from, directly or indirectly, owning or operating a Permitted Gaming Business, including under any owner or operator gaming licensing. 

(b) During the Restricted Period, each member of the Management Group agrees that it will not, directly or indirectly, hire or
solicit any employee of the Company or encourage any such employee to leave such employment or hire any such employee who has left such employment, except pursuant to a general solicitation which is not directed specifically to any such employees.

 (c) During the Restricted Period, each member of the Management Group agrees that it will not, directly or indirectly,
solicit or entice, or attempt to solicit or entice, any clients or customers of the Company for purposes of diverting their business or services from the Company. 

  
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 (d) Each member of the Management Group acknowledges that a breach or
threatened breach of this Section 5.08 may give rise to irreparable harm to Buyer, for which monetary damages would not be an adequate remedy, and hereby agrees that in the event of a breach or a threatened breach by such member of the
Management Group of any such obligations, Buyer shall, in addition to any and all other rights and remedies that may be available to it in respect of such breach, be entitled to equitable relief, including a temporary restraining order, an
injunction, specific performance and any other relief that may be available from a court of competent jurisdiction (without any requirement to post bond). 

(e) The Management Group acknowledges that the restrictions contained in this Section 5.08 are reasonable and necessary to
protect the legitimate interests of Buyer and constitute a material inducement to Buyer to enter into this Agreement and consummate the transactions contemplated by this Agreement. In the event that any covenant contained in this Section 5.08
should ever be adjudicated to exceed the time, geographic, product or service, or other limitations permitted by applicable Law in any jurisdiction, then any court is expressly empowered to reform such covenant, and such covenant shall be deemed
reformed, in such jurisdiction to the maximum time, geographic, product or service, or other limitations permitted by applicable Law. The covenants contained in this Section 5.08 and each provision hereof are severable and distinct covenants
and provisions. The invalidity or unenforceability of any such covenant or provision as written shall not invalidate or render unenforceable the remaining covenants or provisions hereof, and any such invalidity or unenforceability in any
jurisdiction shall not invalidate or render unenforceable such covenant or provision in any other jurisdiction. 

Section 5.09 Governmental Approvals and Consents. 

(a) Each of the Company and Buyer shall, as promptly as possible, (i) make, or cause or be made, all filings and
submissions (including those under the HSR Act and Gaming Laws) required under any Law applicable to such party or any of its Affiliates; and (ii) use commercially reasonable efforts to obtain, or cause to be obtained, all consents,
authorizations, orders and approvals from all Governmental Authorities (including Gaming Authorities) that may be or become necessary for its execution and delivery of this Agreement and the performance of its obligations pursuant to this Agreement,
the Escrow Agreement and any applicable Ancillary Documents. Without limiting the foregoing, the Company and Buyer agree that as soon as practicable, but in no event later than ten Business Days following the execution of this Agreement, the parties
shall make such filings as may be required by the HSR Act with respect to the transactions contemplated by the this Agreement, the Escrow Agreement or any Ancillary Document, which filings shall include a request for early termination of any
applicable waiting period. Each party shall cooperate fully with the other party and its Affiliates in promptly seeking to obtain all such consents, authorizations, orders and approvals. The parties hereto shall not willfully take any action that
will have the effect of delaying, impairing or impeding the receipt of any required consents, authorizations, orders and approvals. 

(b) The Company and Buyer shall use commercially reasonable efforts to give all notices to, and obtain all consents from, all
third parties that are described in Section 3.05 and Section 4.02 of the Disclosure Schedules. 

  
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 (c) Without limiting the generality of the parties’ undertakings
pursuant to subsections (a) and (b) above, each of the parties hereto shall use commercially reasonable efforts to: 

(i) respond to any inquiries by any Governmental Authority (including Gaming Authorities) regarding antitrust or other matters
with respect to the transactions contemplated by this Agreement, the Escrow Agreement or any Ancillary Document; 
 (ii)
avoid the imposition of any order or the taking of any action that would restrain, alter or enjoin the transactions contemplated by this Agreement, the Escrow Agreement or any Ancillary Document; and 

(iii) in the event any Governmental Order adversely affecting the ability of the parties to consummate the transactions
contemplated by this Agreement, the Escrow Agreement or any Ancillary Document has been issued, to have such Governmental Order vacated or lifted. 

(d) If any consent, approval or authorization necessary to preserve any right or benefit under any Contract to which the
Company is a party is not obtained prior to the Closing, the Management Group members shall, subsequent to the Closing, reasonably cooperate with Buyer and the Company in attempting to obtain such consent, approval or authorization as promptly
thereafter as practicable. 
 (e) All analyses, appearances, meetings, discussions, presentations, memoranda, briefs,
filings, arguments, and proposals made by or on behalf of either Buyer or the Company before any Governmental Authority or the staff or regulators of any Governmental Authority (including any Gaming Authority), in connection with the transactions
contemplated hereunder (but, for the avoidance of doubt, not including any interactions between the Management Group members or the Company with Governmental Authorities (or Gaming Authorities) in the ordinary course of business, any disclosure
which is not permitted by Law or any disclosure containing confidential information) shall be disclosed to the Company or Buyer, as applicable, in advance of any filing, submission or attendance, it being the intent that the Company and Buyer will
consult and cooperate with one another, and consider in good faith the views of one another, in connection with any such analyses, appearances, meetings, discussions, presentations, memoranda, briefs, filings, arguments, and proposals. Each of Buyer
and the Company shall give notice to the other party with respect to any meeting, discussion, appearance or contact with any Governmental Authority (or Gaming Authority) or the staff or regulators of any Governmental Authority (or Gaming Authority)
with respect to the transactions contemplated hereunder, with such notice being sufficient to provide the other party with the opportunity to attend and participate in such meeting, discussion, appearance or contact, and Buyer and the Company agree
to provide each other with prompt copies of correspondence received from or otherwise exchanged with any Governmental Authority in connection with the filings and submissions made in connection with the transactions contemplated in this Agreement.

 (f) Notwithstanding the foregoing, nothing in this Section 5.09 shall require, or be construed to require, Buyer or
any of its Affiliates to agree to (i) sell, hold, divest, discontinue or limit, before or after the Closing Date, any assets, businesses or interests of Buyer, the Company or any of their respective Affiliates; (ii) any conditions relating
to, or changes or restrictions in, the operations of any such assets, businesses or interests which, in either case, could reasonably be expected to result in a Material Adverse Effect or materially and adversely impact the economic or business
benefits to Buyer of the transactions contemplated by this Agreement; or (iii) any material modification or waiver of the terms and conditions of this Agreement. 

  
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 Section 5.10 Books and Records.

(a) In order to facilitate the resolution of any claims made under this Agreement or for any other reasonable purpose, for a
period of 3 years after the Closing, Buyer shall: 
 (i) retain the books and records (including personnel files) of the
Company relating to periods prior to the Closing in a manner reasonably consistent with the prior practices of the Company; and 

(ii) upon reasonable notice, afford the Seller Representative and its Representatives reasonable access (including the right to
make, at the Seller Representative’s expense, photocopies), during normal business hours, to such books and records; 

provided, however, that any books and records related to Tax matters shall be retained pursuant to the periods set forth
in ARTICLE VI. 
 (b) In order to facilitate the resolution of any claims made under this Agreement or for any other
reasonable purpose, for a period of 3 years following the Closing, each Seller shall: 
 (i) retain the books and
records (including personnel files) of such Seller which relate to the Company and its operations for periods prior to the Closing; and 

(ii) upon reasonable notice, afford the Representatives of Buyer or the Company reasonable access (including the right to make,
at Buyer’s expense, photocopies), during normal business hours, to such books and records; 
 provided, however,
that any books and records related to Tax matters shall be retained pursuant to the periods set forth in ARTICLE VI. 
 (c)
No party shall be obligated to provide another party with access to any books or records (including personnel files) pursuant to this Section 5.10 where such access would violate any Law. 

Section 5.11 Closing Conditions. From the date hereof until the Closing, each party hereto shall use commercially
reasonable efforts to take such actions as are necessary to expeditiously satisfy the closing conditions set forth in ARTICLE VII hereof. 

Section 5.12 Public Announcements. Unless otherwise required by applicable Law or stock exchange requirements
(based upon the reasonable advice of counsel), no party to this Agreement shall make any public announcements in any forum in respect of this Agreement or the transactions contemplated hereby or otherwise communicate with any news media without the
prior written consent of the other party (which consent shall not be unreasonably withheld or delayed), and the parties shall cooperate as to the timing and contents of any such announcement. Notwithstanding the foregoing, the parties agree that the
initial press release to be issued with the execution and delivery of this Agreement shall be in the form mutually agreed upon by Buyer and the Company; provided, that (i) each of the parties and their Affiliates may issue press
releases or make public announcements concerning the transactions contemplated by this Agreement that are consistent with previous press releases or public announcements made by Buyer or the Company in compliance with this Section 5.12 and
(ii) Buyer may make public statements with respect to the anticipated effect of the transactions contemplated by this Agreement on Buyer’s business and its financial projections, with investors, analysts and financing sources, including on
its periodic earnings calls and in any “road show”, and any public disclosure as required by the SEC, FINRA or other Governmental Authority as Buyer may reasonably determine without prior consultation with the Company. 

  
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 Section 5.13 Further Assurances. Following the Closing,
each of the parties hereto shall, and shall cause their respective Affiliates to, upon the reasonable request of another party hereto, execute and deliver such additional documents, instruments, conveyances and assurances and take such further
actions as may be reasonably required to carry out the provisions hereof and give effect to the transactions contemplated by this Agreement. 

Section 5.14 R&W Insurance Policy. Prior to the Closing, Buyer shall use commercially reasonable efforts to
obtain and bind the R&W Insurance Policy on terms and conditions reasonably satisfactory to Buyer and the Seller Representative. The Seller Representative and the Company shall cooperate with Buyer’s efforts and provide assistance as
reasonably requested by Buyer to obtain and bind the R&W Insurance Policy. Prior to Closing, Buyer shall pay or cause to be paid all costs and expenses related to the R&W Insurance Policy, including the total premium, underwriting costs,
brokerage commissions and other fees and expenses of such policy; provided that the parties have agreed that a portion of such premium will be treated as a Transaction Cost hereunder.  

Section 5.15 Employment Matters. 

(a) At the Closing, Buyer shall cause the Company to continue the employment of all of the Company’s employees as of the
Closing Date (the “Continuing Employees”). Such offers of employment shall include an hourly rate or base salary, as applicable, and aggregate employee benefits that are no less favorable than those in effect for such Continuing
Employees as of the Closing Date. 
 (b) For purposes of eligibility, vesting and entitlement to benefits, including
entitlement to, and level of, paid time off and vacation benefits (but not for accrual of pension benefits), each Continuing Employee shall be given credit for service with the Company under any employee benefit plan, program or arrangement of the
Buyer or its Affiliates in which such Continuing Employee is eligible to participate (the “Buyer Benefit Plans”), to the same extent such credit was provided under comparable Benefit Plans, but in no case where such credit would
result in a duplication of benefits. For purposes of any Buyer Benefit Plans providing welfare benefits to Continuing Employees, Buyer shall use commercially reasonable efforts, or shall cause its Affiliates to, as applicable, waive all limitations
as to preexisting conditions, exclusions, waiting periods, actively-at-work requirements, and requirements to show evidence of good health with respect to participation
and coverage requirements applicable to the Continuing Employees under any such Buyer Benefit Plan provided to the Continuing Employees, except to the extent that such conditions, exclusions, waiting periods, actively-at-work requirements, and requirements to show evidence of good health would apply under the analogous Benefit Plan. 

(c) On and after the Closing Date, Buyer shall not take any actions that would result in obligations or liabilities to any
Seller or its Affiliates under the WARN Act, or under other applicable Laws requiring notice of plant closings, relocations, mass layoffs, reductions in force or similar actions. On and after the Closing Date, Buyer shall be responsible for
complying with the WARN Act and any and all obligations under other applicable Laws requiring notice of plant closings, relocations, mass layoffs, reductions in force or similar actions (and for failures to so comply), in any case, applicable to the
Continuing Employees. 
 (d) Effective upon the Closing, Buyer shall establish a bonus pool to pay incentive compensation to
the Continuing Employees as set forth on Schedule 5.15(d). 

  
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 (e) Notwithstanding anything in this Section 5.15 or otherwise in this
Agreement to the contrary, no provision of this Agreement is intended to, or shall, constitute or be deemed to constitute the establishment or adoption of, or an amendment to, any Benefit Plan, Buyer Benefit Plan or any other employee benefit plan
(within the meaning of Section 3(3) of ERISA), and no person shall have any claim or cause of action, under ERISA or otherwise, in respect of any provision of this Agreement as it relates to any such employee benefit plan, employment or
otherwise. 
 Section 5.16 Paycheck Protection Program Loan. The parties acknowledge that, prior to the date
of this Agreement, the Company and its subsidiaries have filed paperwork with the applicable institutions to cause the forgiveness of some or all of the loan in the aggregate principal amount of $3,336,000 obtained by the Company pursuant to the
Paycheck Protection Program (the “PPP Loan”) and documented pursuant to an amendment to the Credit Agreement. From the date hereof until Closing, the Company and its subsidiaries will use commercially reasonable efforts to provide
any additional information and cooperation requested by the parties determining such forgiveness. To the extent the entirety of the PPP Loan is forgiven prior to Closing, the PPP Escrow Amount shall be reduced to $0. To the extent only a portion of
the PPP Loan is forgiven prior to the Closing, the PPP Escrow Amount shall be reduced by the amount forgiven. In the event some or all of the PPP Loan is forgiven following the Closing, Buyer and the Seller Representative shall direct the Escrow
Agent to release within five (5) Business Days thereafter the forgiven amount from the PPP Escrow Fund to the Sellers in accordance with their respective Management Group Escrow Percentages and the remainder to the Company. 

ARTICLE VI 
 TAX MATTERS

 Section 6.01 Tax Covenants.

(a) Without the prior written consent of Buyer, Sellers (and, prior to the Closing, the Company, its Affiliates and their
respective Representatives) shall not, to the extent it may affect, or relate to, the Company, make, change or rescind any material Tax election, amend any material Tax Return or take any position on any Tax Return, take any action, omit to take any
action or enter into any other transaction that would have the effect of increasing the Tax liability or reducing any Tax asset of Buyer or the Company in respect of any Post-Closing Tax Period. 

(b) All transfer, documentary, sales, use, stamp, registration, value added and other such Taxes and fees (including any
penalties and interest) incurred in connection with this Agreement and the Ancillary Documents (including any real property transfer Tax and any other similar Tax) shall be borne equally by Sellers and Buyer. The Seller Representative shall, at its
own expense, timely file any Tax Return or other document with respect to such Taxes or fees (and Buyer shall cooperate with respect thereto as necessary) and pay all Taxes due and owing. Buyer shall reimburse the Seller Representative for any Taxes
that are the responsibility of Buyer pursuant to this Section 6.01(b) within ten Business Days after payment of such Taxes by the Seller Representative. 

(c) Buyer shall prepare, or cause to be prepared, all Tax Returns required to be filed by the Company after the Closing Date
with respect to a Pre-Closing Tax Period. Any such Tax Return shall be prepared in a manner consistent with past practice (unless otherwise required by Law) and without a change of any election or any
accounting method and shall be submitted by Buyer to the Seller Representative (together with schedules, statements and, to the extent requested by the Seller Representative, supporting documentation) at least 30 days prior to the due date
(including extensions) of such Tax Return. If the Seller Representative objects to any item on any such Tax Return, it shall, within ten days after delivery of such Tax Return, notify Buyer in writing that it so objects, specifying with
particularity any such item and stating the specific factual or legal 

  
 47 

 
basis for any such objection. If a notice of objection shall be duly delivered, Buyer and the Seller Representative shall negotiate in good faith and use their commercially reasonable efforts to
resolve such items. If Buyer and the Seller Representative are unable to reach such agreement within ten days after receipt by Buyer of such notice, the disputed items shall be resolved by the Independent Accountant and any determination by the
Independent Accountant shall be final. The Independent Accountant shall resolve any disputed items within ten days of having the item referred to it pursuant to such procedures as it may require. If the Independent Accountant is unable to resolve
any disputed items before the due date for such Tax Return, the Tax Return shall be filed as prepared by Buyer and then amended to reflect the Independent Accountant’s resolution. The costs, fees and expenses of the Independent Accountant shall
be borne equally by Buyer and the Seller Representative. The preparation and filing of any Tax Return of the Company that does not relate to a Pre-Closing Tax Period shall be exclusively within the control of
Buyer. 
 Section 6.02 Termination of Existing Tax Sharing Agreements. Any and all existing Tax sharing agreements
(whether written or not) binding upon the Company (other than commercial agreements entered into in the ordinary course of business the primary purpose of which does not relate to Taxes) shall be terminated as of the Closing Date. After such date
none of the Company, Sellers nor any of Sellers’ respective Affiliates and their respective Representatives shall have any further rights or liabilities thereunder. 

Section 6.03 Tax Indemnification. Except to the extent treated as a liability in the calculation required by the
Closing Working Capital Statement, Sellers shall, severally in accordance with their respective percentages as set forth in Schedule 2.03 (the “Pro Rata Percentages”) and not jointly, indemnify the Company, Buyer, and each Buyer
Indemnitee and hold them harmless from and against (a) any Loss attributable to any breach or violation of, or failure to fully perform, any covenant, agreement, undertaking or obligation in ARTICLE VI; and (b) all Taxes of the Company or
relating to the business of the Company for all Pre-Closing Tax Periods, in each case, with respect to Tax Returns to be filed by Buyer following the Closing pursuant to Section 6.01(c). In each of the
above cases, together with any out-of-pocket fees and expenses (including attorneys’ and accountants’ fees) incurred in connection therewith, Sellers shall
reimburse Buyer for any Taxes of the Company that are the responsibility of Sellers pursuant to this Section 6.03 within ten Business Days after payment of such Taxes by Buyer or the Company. The amount of Losses that the Company, Buyer and
each Buyer Indemnitee may recover pursuant to this Section 6.03 shall be reduced, on a dollar-for-dollar basis, by any Tax benefits actually realized in respect of
the Losses forming the basis of such claim for recovery. 
 Section 6.04 Straddle Period. In the case of Taxes
that are payable with respect to a taxable period that begins before and ends after the Closing Date (each such period, a “Straddle Period”), the portion of any such Taxes that are treated as relating to a Pre-Closing Tax Period for purposes of this Agreement shall be: 
 (a) in the case of Taxes
(i) based upon, or related to, income, receipts, profits, wages, capital or net worth, (ii) imposed in connection with the sale, transfer or assignment of property, or (iii) required to be withheld, deemed equal to the amount which
would be payable if the taxable year ended with the Closing Date; and 
 (b) in the case of other Taxes, deemed to be the
amount of such Taxes for the entire period multiplied by a fraction the numerator of which is the number of days in the period ending on the Closing Date and the denominator of which is the number of days in the entire period. 

  
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 Section 6.05 Contests. Buyer agrees to give written notice
to the Seller Representative of the receipt of any written notice by the Company, Buyer or any of Buyer’s Affiliates which involves the assertion of any claim, or the commencement of any Action, in respect of which an indemnity may be sought by
Buyer pursuant to this ARTICLE VI (a “Tax Claim”); provided, that failure to comply with this provision shall not affect Buyer’s right to indemnification hereunder except to the extent that Sellers are actually
prejudiced as a result of such failure. Subject to Section 6.09, Buyer shall control the contest or resolution of any Tax Claim; provided, however, that Buyer shall obtain the prior written consent of the Seller Representative (which
consent shall not be unreasonably withheld or delayed) before entering into any settlement of a claim or ceasing to defend such claim; and, provided further, that the Seller Representative shall be entitled to participate in the defense of
such claim and to employ counsel of its choice for such purpose, the fees and expenses of which separate counsel shall be borne solely by the Seller Representative. 

Section 6.06 Cooperation and Exchange of Information. The parties shall provide each other with such
cooperation and information as any of them reasonably may request of another party in filing any Tax Return pursuant to this ARTICLE VI or in connection with any audit or other Action or proceeding in respect of Taxes of the Company. Such
cooperation and information shall include providing copies of relevant Tax Returns or portions thereof, together with accompanying schedules, related work papers and documents relating to rulings or other determinations by tax authorities. Each
party shall retain all Tax Returns, schedules and work papers, records and other documents in its possession relating to Tax matters of the Company for any taxable period beginning before the Closing Date until the expiration of the statute of
limitations of the taxable periods to which such Tax Returns and other documents relate, without regard to extensions except to the extent notified by the other party in writing of such extensions for the respective Tax periods. 

Section 6.07 Tax Treatment of Indemnification Payments. Any indemnification payments pursuant to this ARTICLE VI
shall be treated as an adjustment to the Purchase Price by the parties for Tax purposes, unless otherwise required by Law. 

Section 6.08 Payments to Buyer. Any amounts payable to Buyer pursuant to this ARTICLE VI shall be satisfied:
(i) from the Indemnification Escrow Fund; and (ii) to the extent such amounts exceed the amount available to Buyer in the Indemnification Escrow Fund, severally from Sellers in accordance with their Pro Rata Percentages. 

Section 6.09 Refunds and Over Accruals. Any refunds that are received by Buyer or the Company and any amounts
credited against income Tax to which Buyer or the Company become entitled, that relate to any Pre-Closing Tax Period shall be for the account of Sellers (excluding any refund or credit attributable to any loss
in a tax year (or Straddle Period) beginning after the Closing Date applied (e.g., as a carryback) to income in a tax year (or a portion of a Straddle Period) ending on or before the Closing Date). Buyer shall within fifteen Business Days after
receipt, entitlement or determination thereof, pay or cause to be paid to Sellers, in accordance with their Pro Rata Percentages, any such amount net of any Taxes of Buyer, the Company, or any of their subsidiaries attributable to such refund or
credit; provided, however, Buyer shall not be required to pay over to Sellers any such refund or the amount of any such credit up to the amount of any Tax asset set forth on the face of the Interim Balance Sheet, as such Tax asset is adjusted for
the passage of time through the Close Date in accordance with past custom and practice of the Company in filing their Tax Returns. 

Section 6.10 Survival. Notwithstanding anything in this Agreement to the contrary, the provisions of this ARTICLE VI
shall survive for the full period of all applicable statutes of limitations (giving effect to any waiver, mitigation or extension thereof) plus 30 days. 

  
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 Section 6.11 Overlap. To the extent that any obligation or
responsibility pursuant to ARTICLE VIII may overlap with an obligation or responsibility pursuant to this ARTICLE VI, the provisions of this ARTICLE VI shall govern. 

ARTICLE VII 
 CONDITIONS TO
CLOSING 
 Section 7.01 Conditions to Obligations of All Parties. The obligations of each party to consummate the
transactions contemplated by this Agreement shall be subject to the fulfillment, at or prior to the Closing, of each of the following conditions: 

(a) The filings of Buyer and the Company pursuant to Gaming Laws with respect to the transactions contemplated hereunder shall
have been made and the applicable waiting period and any extensions thereof shall have expired or been terminated. 
 (b) All
required Gaming Approvals with respect to the transactions contemplated hereunder have been obtained and are in effect on the Closing Date. 

(c) The filings of Buyer and the Company pursuant to the HSR Act with respect to the transactions contemplated hereunder shall
have been made and the applicable waiting period and any extensions thereof shall have expired or been terminated. 
 (d) No
Governmental Authority and/or Gaming Authority shall have enacted, issued, promulgated, enforced or entered any Governmental Order which is in effect and has the effect of making the transactions contemplated by this Agreement illegal, otherwise
restraining or prohibiting consummation of such transactions or causing any of the transactions contemplated hereunder to be rescinded following completion thereof, and no Action shall have been commenced against Buyer, any Seller or the Company,
which, if successful, would prevent the Closing. 
 (e) The Company shall have received all consents, authorizations, orders
and approvals from the Governmental Authorities (including Gaming Authorities) referred to in Section 3.05 and Section 3.06 and Buyer shall have received all consents, authorizations, orders and approvals from the Governmental Authorities
(including Gaming Authorities) referred to in Section 4.02 (the “Buyer Gaming Approvals”), in each case, in form and substance reasonably satisfactory to Buyer and the Seller Representative, and no such consent, authorization,
order and approval shall have been revoked. 
 (f) Simultaneously with the Closing, each member of the Management Group shall
enter into an employment agreement on terms and conditions reasonably acceptable to all parties thereto dated as of the Closing Date. 

(g) The parties thereto shall have executed the Warrant Redemption Agreement and delivered a fully executed copy to Buyer, and
such agreement shall remain in full force and effect. 
 Section 7.02 Conditions to Obligations of Buyer. The
obligations of Buyer to consummate the transactions contemplated by this Agreement shall be subject to the fulfillment or Buyer’s waiver, at or prior to the Closing, of each of the following conditions: 

  
 50 

 (a) Other than the representations and warranties of the Company and Sellers
contained in Section 3.01, Section 3.02, Section 3.03 and Section 3.25, the representations and warranties of the Company and Sellers contained in this Agreement, the Escrow Agreement and the applicable Ancillary Documents and
any certificate or other writing delivered pursuant hereto shall be true and correct in all respects (in the case of any representation or warranty qualified by materiality or Material Adverse Effect) or in all material respects (in the case of any
representation or warranty not qualified by materiality or Material Adverse Effect) on and as of the date hereof and on and as of the Closing Date with the same effect as though made at and as of such date (except those representations and
warranties that address matters only as of a specified date, the accuracy of which shall be determined as of that specified date in all respects). The representations and warranties of the Company and Sellers contained in Section 3.01,
Section 3.02, Section 3.03 and Section 3.25 shall be true and correct in all respects on and as of the date hereof and on and as of the Closing Date with the same effect as though made at and as of such date (except those
representations and warranties that address matters only as of a specified date, the accuracy of which shall be determined as of that specified date in all respects). 

(b) The Company and Sellers shall have duly performed and complied in all material respects with all agreements, covenants and
conditions required by this Agreement, the Escrow Agreement and each of the Ancillary Documents to which it is a party to be performed or complied with by it prior to or on the Closing Date; provided, that, with respect to agreements,
covenants and conditions that are qualified by materiality, the Company and Sellers shall have performed such agreements, covenants and conditions, as so qualified, in all respects. 

(c) All approvals, consents and waivers that are listed on Section 7.02(c) of the Disclosure Schedules shall have been
received, and executed counterparts thereof shall have been delivered to Buyer at or prior to the Closing. 
 (d) From the
date of this Agreement, there shall not have occurred any Material Adverse Effect, nor shall any event or events have occurred that, individually or in the aggregate, with or without the lapse of time, would reasonably be expected to result in a
Material Adverse Effect. 
 (e) The Escrow Agreement and each of the Ancillary Documents shall have been executed and
delivered by the parties thereto other than Buyer and true and complete copies thereof shall have been delivered to Buyer. 

(f) Buyer shall have received resignations of the directors and officers of the Company pursuant to Section 5.05. 

(g) At least three Business Days before Closing, the Company shall have delivered to Buyer the Closing Indebtedness Certificate
and the Closing Transaction Expenses Certificate. 
 (h) The Company shall have delivered to Buyer the Estimated Working
Capital Statement and a certificate of the Chief Financial Officer of the Company that the Estimated Working Capital Statement was prepared in accordance with GAAP applied using the same accounting methods, practices, principles, policies and
procedures, with consistent classifications, judgments and valuation and estimation methodologies that were used in the preparation of the Audited Financial Statements for the most recent fiscal year end as if such Estimated Working Capital
Statement was being prepared and audited as of a fiscal year end. 
 (i) The Company shall have delivered to Buyer a good
standing certificate (or its equivalent) for the Company from the secretary of state or similar Governmental Authority of the jurisdiction under the Laws in which the Company is organized. 

  
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 (j) Each Seller shall have delivered to Buyer a certificate pursuant to
Treasury Regulations Section 1.1445-2(b) that such Seller is not a foreign person within the meaning of Section 1445 of the Code. 

(k) Each Seller shall have delivered, or caused to be delivered, to Buyer, as applicable, (i) stock powers conveying the
Shares to Buyer, free and clear of Encumbrances (other than those restrictions imposed by applicable Laws), duly executed by such Seller and (ii) instruments of transfer conveying the Options and/or Warrants to Buyer, free and clear of
Encumbrances (other than those restrictions imposed by applicable Laws), duly executed by such Seller. 
 (l) At least three
Business Days before the Closing Date, each member of the Management Group shall have delivered a duly completed and executed Accredited Investor Questionnaire. 

(m) Buyer shall have received a certificate, dated the Closing Date and signed by a duly authorized officer of the Company,
that each of the conditions set forth in Section 7.02(a) and Section 7.02(b) have been satisfied. 
 (n) Buyer
shall have received a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Company certifying that attached thereto are true and complete copies of all resolutions adopted by the board of directors of the Company
authorizing the execution, delivery and performance of this Agreement and each Ancillary Document to which the Company is a party and the consummation of the transactions contemplated hereby and thereby, and that all such resolutions are in full
force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby. 

(o) Buyer shall have received a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of the Company
certifying the names and signatures of the officers of the Company authorized to sign this Agreement and each of the Ancillary Documents and the other documents to which the Company is a party to be delivered hereunder and thereunder. 

(p) The Company and Sellers shall have delivered to Buyer such other documents or instruments as Buyer reasonably requests and
are reasonably necessary to consummate the transactions contemplated by this Agreement. 
 Section 7.03 Conditions
to Obligations of Sellers. The obligations of Sellers to consummate the transactions contemplated by this Agreement shall be subject to the fulfillment or Sellers’ waiver, at or prior to the Closing, of each of the following conditions: 

(a) Other than the representations and warranties of Buyer contained in Section 4.01 and Section 4.04, the
representations and warranties of Buyer contained in this Agreement, the Escrow Agreement and each of the Ancillary Documents and any certificate or other writing delivered pursuant hereto shall be true and correct in all respects (in the case of
any representation or warranty qualified by materiality or Material Adverse Effect) or in all material respects (in the case of any representation or warranty not qualified by materiality or Material Adverse Effect) on and as of the date hereof and
on and as of the Closing Date with the same effect as though made at and as of such date (except those representations and warranties that address matters only as of a specified date, the accuracy of which shall be determined as of that specified
date in all respects). The representations and warranties of Buyer contained in Section 4.01 and Section 4.04 shall be true and correct in all respects on and as of the date hereof and on and as of the Closing Date with the same effect as
though made at and as of such date. 

  
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 (b) Buyer shall have duly performed and complied in all material respects
with all agreements, covenants and conditions required by this Agreement, the Escrow Agreement and each of the Ancillary Documents to be performed or complied with by it prior to or on the Closing Date; provided, that, with respect to
agreements, covenants and conditions that are qualified by materiality, Buyer shall have performed such agreements, covenants and conditions, as so qualified, in all respects. 

(c) All approvals, consents and waivers that are listed on Section 7.03(c) of the Disclosure Schedules shall have been
received, and executed counterparts thereof shall have been delivered to the Seller Representative at or prior to the Closing. 

(d) The Escrow Agreement and each of the Ancillary Documents shall have been executed and delivered by the parties thereto
other than Sellers, the Seller Representative and the Company and true and complete copies thereof shall have been delivered to the Seller Representative. 

(e) Buyer shall have delivered to Sellers cash and Accel Stock in an amount equal to the Purchase Price as contemplated by
Section 2.03. 
 (f) Buyer shall have delivered to the Escrow Agent by wire transfer of immediately available funds the
Indemnification Escrow Amount and the Purchase Price Adjustment Escrow Amount. 
 (g) Buyer shall have delivered to third
parties by wire transfer of immediately available funds that amount of money due and owing from the Company and Sellers to such third parties as Transaction Expenses as set forth on the Closing Transaction Expenses Certificate. 

(h) Buyer shall have delivered to holders of outstanding Indebtedness, if any, by wire transfer of immediately available funds
that amount of money due and owing from the Company to such holder of outstanding Indebtedness as set forth on the Closing Indebtedness Certificate. 

(i) The Seller Representative shall have received a certificate, dated the Closing Date and signed by a duly authorized officer
of Buyer, that each of the conditions set forth in Section 7.03(a) and Section 7.03(b) have been satisfied. 
 (j)
The Seller Representative shall have received a certificate of the Secretary or an Assistant Secretary (or equivalent officer) of Accel and Accel Sub, respectively, certifying that attached thereto are true and complete copies of all resolutions
adopted by the board of directors of Accel and the Managers of Accel Sub, as applicable, authorizing the execution, delivery and performance of this Agreement, the Escrow Agreement and each of the Ancillary Documents and the consummation of the
transactions contemplated hereby and thereby, and that all such resolutions are in full force and effect and are all the resolutions adopted in connection with the transactions contemplated hereby and thereby. 

(k) The Seller Representative shall have received a certificate of the Secretary or an Assistant Secretary (or equivalent
officer) of Accel and Accel Sub, respectively, certifying the names and signatures of the officers of Accel and Accel Sub, as applicable, authorized to sign this Agreement, the Escrow Agreement and each of the Ancillary Documents and the other
documents to be delivered hereunder and thereunder. 
 (l) Buyer shall have obtained and bound the R&W Insurance Policy.

 (m) Buyer shall have delivered to the Seller Representative such other documents or instruments as the Seller
Representative or any Seller reasonably requests and are reasonably necessary to consummate the transactions contemplated by this Agreement. 

  
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 ARTICLE VIII 

INDEMNIFICATION  

Section 8.01 Survival. Subject to the limitations and other provisions of this Agreement, the representations and
warranties contained herein shall survive the Closing and shall remain in full force and effect until the date that is 18 months from the Closing Date; provided, that the representations and warranties in (a) Section 3.01
(Organization and Authority of Sellers), Section 3.02 (Organization, Authority and Qualification of Company), Section 3.03 (Capitalization), Section 3.25 (Brokers), Section 3.26 (Related Party Contracts), Section 4.01
(Organization and Authority of Buyer) and Section 4.04 (Brokers) shall survive for the full period of all applicable statutes of limitations (giving effect to any waiver, mitigation or extension thereof) and (b) Section 3.20 (Environmental
Matters) and Section 3.23 (Taxes) shall survive for a period of 36 months after the Closing. All covenants and agreements of the parties contained herein (other than any covenants or agreements contained in ARTICLE VI which are subject to
ARTICLE VI) shall survive the Closing indefinitely or for the period explicitly specified herein. Notwithstanding the foregoing, any claims asserted in good faith with reasonable specificity (to the extent known at such time) and in writing by
notice from the non-breaching party to the breaching party prior to the expiration date of the applicable survival period shall not thereafter be barred by the expiration of the relevant representation or
warranty and such claims shall survive until finally resolved. 
 Section 8.02 Indemnification By Sellers.

 (a) Subject to the other terms and conditions of this ARTICLE VIII, Sellers shall, severally in accordance with their Pro
Rata Percentages and not jointly, indemnify and defend each of Buyer and its Affiliates (including the Company) and their respective Representatives (collectively, the “Buyer Indemnitees”) against, and shall hold each of them
harmless from and against, and shall pay and reimburse each of them for, any and all Losses incurred or sustained by, or imposed upon, the Buyer Indemnitees based upon, arising out of, with respect to or by reason of: 

(i) any inaccuracy in or breach of any of the representations or warranties of the Company contained in this Agreement or in
any certificate or instrument delivered by or on behalf of the Company pursuant to this Agreement, as of the date such representation or warranty was made or as if such representation or warranty was made on and as of the Closing Date (except for
representations and warranties that expressly relate to a specified date, the inaccuracy in or breach of which will be determined with reference to such specified date); 

(ii) any breach or non-fulfillment of any covenant, agreement or obligation to be
performed by the Company pursuant to this Agreement (other than any breach or violation of, or failure to fully perform, any covenant, agreement, undertaking or obligation in ARTICLE VI, it being understood that the sole remedy for any such breach,
violation or failure shall be pursuant to ARTICLE VI); or 
 (iii) any Transaction Expenses or Indebtedness of the Company
outstanding as of the Closing to the extent not deducted from the Purchase Price in the determination of the Closing Date Payment pursuant to Section 2.04(a). 

  
 54 

 (b) Subject to the other terms and conditions of this ARTICLE VIII, each
Seller shall indemnify and defend the Buyer Indemnitees against, and shall hold each of them harmless from and against, and shall pay and reimburse each of them for, any and all Losses incurred or sustained by, or imposed upon, the Buyer Indemnitees
based upon, arising out of, with respect to or by reason of: 
 (i) any inaccuracy in or breach of any of the representations
or warranties of such Seller contained in this Agreement as of the date such representation or warranty was made or as if such representation or warranty was made on and as of the Closing Date (except for representations and warranties that
expressly relate to a specified date, the inaccuracy in or breach of which will be determined with reference to such specified date); or 

(ii) any breach or non-fulfillment of any covenant, agreement or obligation to be
performed by such Seller pursuant to this Agreement. 
 Section 8.03 Indemnification By Buyer. Subject to
the other terms and conditions of this ARTICLE VIII, Buyer shall jointly and severally indemnify and defend each Seller and its Affiliates and their respective Representatives (collectively, the “Seller Indemnitees”) against, and
shall hold each of them harmless from and against, and shall pay and reimburse each of them for, any and all Losses incurred or sustained by, or imposed upon, the Seller Indemnitees based upon, arising out of, with respect to or by reason of: 

(a) any inaccuracy in or breach of any of the representations or warranties of Buyer contained in this Agreement or in any
certificate or instrument delivered by or on behalf of Buyer pursuant to this Agreement, as of the date such representation or warranty was made or as if such representation or warranty was made on and as of the Closing Date (except for
representations and warranties that expressly relate to a specified date, the inaccuracy in or breach of which will be determined with reference to such specified date); or 

(b) any breach or non-fulfillment of any covenant, agreement or obligation to be
performed by Buyer pursuant to this Agreement (other than ARTICLE VI, it being understood that the sole remedy for any such breach thereof shall be pursuant to ARTICLE VI). 

Section 8.04 Certain Limitations. Notwithstanding anything to the contrary in this Agreement, the
indemnification provided for in Section 8.02 and Section 8.03 shall be subject to the following limitations and terms: 

(a) Sellers shall not be liable to the Buyer Indemnitees for indemnification under Section 8.02(a)(i) until the aggregate
amount of all Losses in respect of indemnification under Section 8.02(a)(i) exceeds in the aggregate $1,550,000.00 (the “Basket”), in which event Sellers shall be required to pay or be liable for all such Losses from the first
dollar. The aggregate amount of all Losses for which Sellers shall be liable pursuant to Section 8.02(a)(i) shall be satisfied in accordance with Section 8.06(b) and shall not exceed the proceeds of the R&W Insurance Policy and any
amounts recovered by Buyer from the Indemnification Escrow Fund (the “Cap”). 
 (b) Buyer shall not be
liable to the Seller Indemnitees for indemnification under Section 8.03(a) until the aggregate amount of all Losses in respect of indemnification under Section 8.03(a) exceeds the Basket, in which event Buyer shall be required to pay or be
liable for all such Losses from the first dollar. The aggregate amount of all Losses for which Buyer shall be liable pursuant to Section 8.03(a) shall not exceed the Cap. 

  
 55 

 (c) Notwithstanding the foregoing, the limitations set forth in
Section 8.04(a) and Section 8.04(b) shall not apply to Losses based upon, arising out of, with respect to or by reason of any inaccuracy in or breach of any representation or warranty in Section 3.01, Section 3.02,
Section 3.03, Section 3.25, Section 3.26, Section 3.27, Section 4.01 and Section 4.04; provided, however, that in no event shall any Seller’s aggregate indemnification obligations under this Agreement exceed
the amount of proceeds actually received by such Seller under this Agreement. 
 (d) For purposes of this ARTICLE VIII, the
calculation of Losses resulting from any inaccuracy in or breach of any representation or warranty (but not the determination of any such inaccuracy or breach) shall be determined without regard to any materiality, Material Adverse Effect or other
similar qualification contained in or otherwise applicable to such representation or warranty. 
 (e) Notwithstanding any
other provision herein to the contrary, no Indemnified Party will be entitled to be indemnified for any Losses hereunder to the extent such Indemnified Party has been indemnified or reimbursed for such amount under any other provision of this
Agreement or any other agreement with Sellers or Buyer or any of their respective Affiliates, as applicable. 
 (f) The
Losses of an Indemnified Party shall be adjusted to give credit for (i) any insurance recovery paid with respect to the matter to which the indemnification claim relates, net of deductibles paid and the portion of any increase in premiums for
such insurance policies directly and solely resulting from such matter as determined in good faith and set forth in writing by the Indemnified Party’s insurance broker, and (ii) any net Tax benefit actually realized by the Indemnified
Party in respect of the Losses forming the basis of such claim for recovery. 
 (g) If an Indemnified Party receives any
payment from an Indemnifying Party in respect of any Losses pursuant to this ARTICLE VIII and the Indemnified Party could have recovered all or a part of such Losses from a third party (a “Potential Contributor”) based on the
underlying claim asserted against the Indemnifying Party, the Indemnified Party shall assign such of its rights to proceed against the Potential Contributor as are necessary to permit the Indemnifying Party to recover from the Potential Contributor
the amount of such payment. 
 (h) Each Indemnified Party shall take, and cause its Affiliates to take, all reasonable steps
to mitigate any Loss upon becoming aware of any event or circumstance that would be reasonably expected to, or does, give rise thereto, including incurring costs only to the minimum extent necessary to remedy the breach that gives rise to such Loss.

 Section 8.05 Indemnification Procedures. For purposes of this ARTICLE VIII, the party making a claim
under this ARTICLE VIII is referred to as the “Indemnified Party”, and the party against whom such claims are asserted under this ARTICLE VIII is referred to as the “Indemnifying Party”. 

(a) Third Party Claims. If any Indemnified Party receives notice of the assertion or commencement of any Action made or brought
by any Person who is not a party to this Agreement or an Affiliate of a party to this Agreement or a Representative of the foregoing (a “Third Party Claim”) against such Indemnified Party with respect to which the Indemnifying
Party is obligated to provide indemnification under this Agreement, the Indemnified Party shall give the Indemnifying Party reasonably prompt written notice thereof, but in any event not later than 30 calendar days after receipt of such notice of
such Third Party Claim. The failure to give such prompt written notice shall not, however, relieve the Indemnifying Party of its indemnification obligations, except and only to the extent that the Indemnifying Party is materially prejudiced by
reason of such failure. Such notice by the Indemnified Party shall describe the Third Party Claim in reasonable 

  
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detail, shall include copies of all material written evidence thereof and shall indicate the estimated amount, if reasonably practicable, of the Loss that has been or may be sustained by the
Indemnified Party. The Indemnifying Party shall have the right to participate in, or by giving written notice to the Indemnified Party, to assume the defense of any Third Party Claim at the Indemnifying Party’s expense and by the Indemnifying
Party’s own counsel, and the Indemnified Party shall cooperate in good faith in such defense; provided, that if the Indemnifying Party is a Seller, such Indemnifying Party shall not have the right to defend or direct the defense of any
such Third Party Claim that seeks an injunction or other equitable relief against the Indemnified Party. In the event that the Indemnifying Party assumes the defense of any Third Party Claim, subject to Section 8.05(b), it shall have the right
to take such action as it deems necessary to avoid, dispute, defend, appeal or make counterclaims pertaining to any such Third Party Claim in the name and on behalf of the Indemnified Party. The Indemnified Party shall have the right to participate
in the defense of any Third Party Claim with counsel selected by it subject to the Indemnifying Party’s right to control the defense thereof. The fees and disbursements of such counsel shall be at the expense of the Indemnified Party,
provided, that if in the reasonable opinion of counsel to the Indemnified Party, (A) there are legal defenses available to an Indemnified Party that are different from or additional to those available to the Indemnifying Party and cannot
be asserted on the Indemnified Party’s behalf by the Indemnifying Party; or (B) there exists a conflict of interest between the Indemnifying Party and the Indemnified Party that cannot be waived, the Indemnifying Party shall be liable for
the reasonable fees and expenses of counsel to the Indemnified Party in each jurisdiction for which counsel to the Indemnified Party reasonably determines that such separate counsel is required. If the Indemnifying Party elects not to compromise or
defend such Third Party Claim, fails to promptly notify the Indemnified Party in writing of its election to defend as provided in this Agreement, or fails to diligently prosecute the defense of such Third Party Claim, the Indemnified Party may,
subject to Section 8.05(b), pay, compromise, defend such Third Party Claim and seek indemnification for any and all Losses based upon, arising from or relating to such Third Party Claim. The Seller Representative and Buyer shall cooperate with
each other in all reasonable respects in connection with the defense of any Third Party Claim, including making available (subject to the provisions of Section 5.07) records relating to such Third Party Claim and furnishing, without expense
(other than reimbursement of actual out-of-pocket expenses) to the defending party, management employees of the non-defending
party as may be reasonably necessary for the preparation of the defense of such Third Party Claim. 
 (b) Settlement of Third
Party Claims. Notwithstanding any other provision of this Agreement, the Indemnifying Party shall not enter into settlement of any Third Party Claim without the prior written consent of the Indemnified Party, except as provided in this
Section 8.05(b). If a firm offer is made to settle a Third Party Claim without leading to liability or the creation of a financial or other obligation on the part of the Indemnified Party and provides, in customary form, for the unconditional
release of each Indemnified Party from all liabilities and obligations in connection with such Third Party Claim and the Indemnifying Party desires to accept and agree to such offer, the Indemnifying Party shall give written notice to that effect to
the Indemnified Party. If the Indemnified Party fails to consent to such firm offer within five days after its receipt of such notice, the Indemnified Party may continue to contest or defend such Third Party Claim and in such event, the maximum
liability of the Indemnifying Party as to such Third Party Claim shall not exceed the amount of such settlement offer. If the Indemnified Party fails to consent to such firm offer and also fails to assume defense of such Third Party Claim, the
Indemnifying Party may settle the Third Party Claim upon the terms set forth in such firm offer to settle such Third Party Claim. If the Indemnified Party has assumed the defense pursuant to Section 8.05(a), it shall not agree to any settlement
without the written consent of the Indemnifying Party (which consent shall not be unreasonably withheld or delayed). 

  
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 (c) Direct Claims. Any Action by an Indemnified Party on account of a Loss
which does not result from a Third Party Claim (a “Direct Claim”) shall be asserted by the Indemnified Party giving the Indemnifying Party reasonably prompt written notice thereof, but in any event not later than 30 calendar days
after the Indemnified Party becomes aware of such Direct Claim. The failure to give such prompt written notice shall not, however, relieve the Indemnifying Party of its indemnification obligations, except and only to the extent that the Indemnifying
Party is materially prejudiced by reason of such failure. Such notice by the Indemnified Party shall describe the Direct Claim in reasonable detail, shall include copies of all material written evidence thereof and shall indicate the estimated
amount, if reasonably practicable, of the Loss that has been or may be sustained by the Indemnified Party. The Indemnifying Party shall have 30 days after its receipt of such notice to respond in writing to such Direct Claim. The Indemnified Party
shall allow the Indemnifying Party and its professional advisors to investigate the matter or circumstance alleged to give rise to the Direct Claim, and whether and to what extent any amount is payable in respect of the Direct Claim and the
Indemnified Party shall assist the Indemnifying Party’s investigation by giving such information and assistance (including access to the Company’s premises and personnel and the right to examine and copy any accounts, documents or records)
as the Indemnifying Party or any of its professional advisors may reasonably request. If the Indemnifying Party does not so respond within such 30-day period, the Indemnifying Party shall be deemed to have
rejected such claim, in which case the Indemnified Party shall be free to pursue such remedies as may be available to the Indemnified Party on the terms and subject to the provisions of this Agreement. 

(d) Tax Claims. Notwithstanding any other provision of this Agreement, the control of any claim, assertion, event or proceeding
in respect of Taxes of the Company (including, but not limited to, any such claim in respect of a breach of the representations and warranties in Section 3.23 hereof or any breach or violation of or failure to fully perform any covenant,
agreement, undertaking or obligation in ARTICLE VI) shall be governed exclusively by ARTICLE VI hereof. 

Section 8.06 Payments; Indemnification Escrow Fund. 

(a) Once a Loss is agreed to by the Indemnifying Party or finally adjudicated to be payable pursuant to this ARTICLE VIII, the
Indemnifying Party shall satisfy its obligations within 15 Business Days of such final, non-appealable adjudication by wire transfer of immediately available funds. 

(b) Subject to the limitations set forth in Section 8.04, any Losses payable to a Buyer Indemnitee pursuant to this
ARTICLE VIII shall be satisfied as follows: 
 (i) first, from the Indemnification Escrow Fund (which, with respect to claims
under Section 8.02(a)(i), will be made against the Indemnification Escrow Fund in the amount of 50% of such Losses on a dollar-for-dollar basis with the remaining
50% of such Losses to be borne by Buyer on a dollar-for-dollar basis as Buyer’s share of the retention amount under the R&W Insurance Policy); 

(ii) second, to the extent the amount of Losses exceeds the amounts available to the Buyer Indemnitee in the Indemnification
Escrow Fund, from the proceeds of the R&W Insurance Policy; and 
 (iii) third, to the extent such Losses exceed the
amounts available to the Buyer Indemnitee in the Indemnification Escrow Fund and are not covered by the R&W Insurance Policy because of coverage being denied (except with respect to any denial of coverage as a result of the failure of Buyer to
comply with the terms of the R&W Insurance Policy, for which Sellers shall have no further indemnification obligations hereunder), severally by Sellers in accordance with their Pro Rata Percentages. 

  
 58 

 Section 8.07 Tax Treatment of Indemnification Payments. All
indemnification payments made under this Agreement shall be treated by the parties as an adjustment to the Purchase Price for Tax purposes, unless otherwise required by Law. 

Section 8.08 Exclusive Remedies. Subject to Section 5.08 and Section 10.11, the parties acknowledge
and agree that their sole and exclusive remedy with respect to any and all claims (other than claims arising from fraud or criminal activity on the part of a party hereto in connection with the transactions contemplated by this Agreement) for any
breach of any representation, warranty, covenant, agreement or obligation set forth herein or otherwise relating to the subject matter of this Agreement, shall be pursuant to the indemnification provisions set forth in ARTICLE VI and this ARTICLE
VIII. In furtherance of the foregoing, each party hereby waives, to the fullest extent permitted under Law, any and all rights, claims and causes of action for any breach of any representation, warranty, covenant, agreement or obligation set forth
herein or otherwise relating to the subject matter of this Agreement it may have against the other parties hereto and their Affiliates and each of their respective Representatives arising under or based upon any Law, except pursuant to the
indemnification provisions set forth in ARTICLE VI and this ARTICLE VIII. Nothing in this Section 8.08 shall limit any Person’s right to seek and obtain any equitable relief to which any Person shall be entitled or to seek any remedy on
account of any party’s fraudulent or criminal misconduct. 
 ARTICLE IX 

TERMINATION 

Section 9.01 Termination. This Agreement may be terminated at any time prior to the Closing: 

(a) by the mutual written consent of the Company and Buyer; 

(b) by Buyer by written notice to the Company and Sellers if: 

(i) Buyer is not then in material breach of any provision of this Agreement and there has been a breach, inaccuracy in or
failure to perform any representation, warranty, covenant or agreement made by the Company or Sellers pursuant to this Agreement that would give rise to the failure of any of the conditions specified in ARTICLE VII and such breach, inaccuracy or
failure (A) cannot be cured, or (B) has not been cured by the Company or the applicable Seller within 30 days of the Company’s or such Seller’s receipt of written notice of such breach from Buyer; or 

(ii) any of the conditions set forth in Section 7.01 or Section 7.02 shall not have been, or if it becomes apparent
that any of such conditions cannot be, fulfilled by the date that is 12 months following the date hereof (the “Outside Date”), unless such failure shall be due to the failure of Buyer to perform or comply with any of the
covenants, agreements or conditions hereof to be performed or complied with by it prior to the Closing; 
 (c) by the Company
by written notice to Buyer if: 

  
 59 

 (i) Neither the Company nor any Seller is then in material breach of any
provision of this Agreement and there has been a breach, inaccuracy in or failure to perform any representation, warranty, covenant or agreement made by Buyer pursuant to this Agreement that would give rise to the failure of any of the conditions
specified in ARTICLE VII and such breach, inaccuracy or failure (A) cannot be cured, or (B) has not been cured by Buyer within 30 days of Buyer’s receipt of written notice of such breach from the Company or the applicable Seller; or

 (ii) any of the conditions set forth in Section 7.01 or Section 7.03 shall not have been, or if it becomes
apparent that any of such conditions cannot be, fulfilled by the Outside Date, unless such failure shall be due to the failure of the Company or a Seller to perform or comply with any of the covenants, agreements or conditions hereof to be performed
or complied with by it prior to the Closing; provided, that if on the Outside Date all such conditions have been fulfilled other than receipt of the Buyer Gaming Approvals and Buyer in good faith believes, upon the advice of Buyer’s
counsel, that the Buyer Gaming Approvals will be forthcoming and Buyer so notifies the Company, then the Outside Date shall be automatically extended for an additional 90 days; or 

(d) by Buyer or the Company in the event that (i) there shall be any Law that makes consummation of the transactions
contemplated by this Agreement illegal or otherwise prohibited or (ii) any Governmental Authority (including any Gaming Authority) shall have issued a Governmental Order restraining or enjoining the transactions contemplated by this Agreement,
and such Governmental Order shall have become final and non-appealable. 

Section 9.02 Effect of Termination. In the event of the termination of this Agreement in accordance with this
ARTICLE IX, this Agreement shall forthwith become void and there shall be no liability on the part of any party hereto except: 

(a) as set forth in this ARTICLE IX and Section 5.07 and ARTICLE X hereof; 

(b) that nothing herein shall relieve any party hereto from liability for any willful breach of any provision hereof. 

(c) if this Agreement is terminated by (i) the Company in accordance with Section 9.01(c)(i) or
Section 9.01(c)(ii) or (ii) Buyer in accordance with Section 9.01(b)(ii) for any reason other than as a result of a breach, inaccuracy or failure to perform any representation, warranty, covenant or agreement made by the Company or
Sellers, then within ten Business Days of such termination, Buyer shall pay $6,250,000 (the “Termination Fee”) by wire transfer of immediately available funds to an account designated by the Company; provided that,
notwithstanding anything to the contrary in this Agreement, the Company’s right to receive payment of the Termination Fee pursuant to this Section 9.02(c), if applicable, shall be the sole and exclusive remedy of the Company, its
Affiliates and Sellers and any of their respective shareholders, partners, members or Representatives for any and all Liabilities that may be suffered based upon, resulting from or arising out of the circumstances giving rise to such termination,
and upon payment of the Termination Fee in accordance with this Section 9.02(c), neither Buyer nor any of its Affiliates or any of their respective shareholders, partners, members or Representatives shall have any further Liability relating to
or arising out of this Agreement or the Ancillary Documents or the transactions contemplated hereby or thereby, other than with respect to any claim based on fraud or any willful breach of any provision hereof. 

  
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 ARTICLE X 

MISCELLANEOUS 

Section 10.01 Expenses. Except as otherwise expressly provided herein, all costs and expenses, including,
without limitation, fees and disbursements of counsel, financial advisors and accountants, incurred in connection with this Agreement and the transactions contemplated hereby shall be paid by the party incurring such costs and expenses, whether or
not the Closing shall have occurred; provided, however, Buyer and Sellers shall be equally responsible for all filing and other similar fees payable in connection with any filings or submissions under the HSR Act. 

Section 10.02 Notices. All notices, requests, consents, claims, demands, waivers and other communications
hereunder shall be in writing and shall be deemed to have been given (a) when delivered by hand (with written confirmation of receipt); (b) when received by the addressee if sent by a nationally recognized overnight courier (receipt
requested); (c) on the date sent by facsimile or e-mail of a PDF document (with confirmation of transmission) if sent during normal business hours of the recipient, and on the next Business Day if sent
after normal business hours of the recipient or (d) on the third day after the date mailed, by certified or registered mail, return receipt requested, postage prepaid. Such communications must be sent to the respective parties at the following
addresses (or at such other address for a party as shall be specified in a notice given in accordance with this Section 10.02): 
  

			
	If to the Company:	  	 Century Gaming Technologies
 1327 Weil
Street
 Billings, MT 59101
 Facsimile: (406) 896-0045
 E-mail: sarntzen@cgtmt.com

Attention: Steven W. Arntzen

		
	with a copy to:	  	 Holland & Hart LLP
 5441 Kietzke Lane,
Suite 200
 Reno, NV 89511
 Facsimile: (775) 313-9782
 E-mail: DGarcia@hollandhart.com

Attention: David Garcia

		
	If to the Seller Representative:	  	 Steven W. Arntzen
 P.O. Box 21138

Billings, MT 59104
 Facsimile: (406) 896-0045
 E-mail: sarntzen@cgtmt.com

		
	with a copy to:	  	 Holland & Hart LLP
 5441 Kietzke Lane,
Suite 200

 Reno, NV 89511
 Facsimile: (775) 313-9782
 E-mail: DGarcia@hollandhart.com

Attention: David Garcia

  
 61 

			
	If to Buyer:	  	 Accel Entertainment, Inc.
 Accel Entertainment
LLC
 140 Tower Drive
 Burr Ridge, IL 60527

Facsimile: (630) 863-7279

E-mail: DerekH@accelentertainment.com

Attention:  Derek Harmer, General Counsel and Chief Compliance Officer

	with a copy to:	  	 Dickinson Wright PLLC
 350 S. Main Street, Suite
300
 Ann Arbor, MI 48104
 Facsimile: (844) 670-6009
 E-mail: bwyatt@dickinsonwright.com

Attention: Bradley J. Wyatt

 Section 10.03 Interpretation. For purposes of this Agreement, (a) the
words “include,” “includes” and “including” shall be deemed to be followed by the words “without limitation”; (b) the word “or” is not exclusive; (c) the words “herein,”
“hereof,” “hereby,” “hereto” and “hereunder” refer to this Agreement as a whole; (d) all obligations of Buyer under this Agreement shall be joint and several by and between Accel and Accel Sub and
(e) reference herein to any document or other information being “made available,” “provided” or “delivered” to Buyer prior to the date hereof shall be deemed satisfied, without limitation, by (i) the posting,
at least two (2) Business Days prior to the date hereof, of any such document or information in the virtual data room maintained with Datasite by the Company or its affiliates for purposes of the transactions contemplated hereunder, or
(ii) the Company, the Seller Representative or a Seller or their respective Representatives providing the documents to Buyer or its Representatives via email. Unless the context otherwise requires, references herein: (x) to Articles,
Sections, Disclosure Schedules and Exhibits mean the Articles and Sections of, and Disclosure Schedules and Exhibits attached to, this Agreement; (y) to an agreement, instrument or other document means such agreement, instrument or other
document as amended, supplemented and modified from time to time to the extent permitted by the provisions thereof and (z) to a statute means such statute as amended from time to time and includes any successor legislation thereto and any
regulations promulgated thereunder. This Agreement shall be construed without regard to any presumption or rule requiring construction or interpretation against the party drafting an instrument or causing any instrument to be drafted. The Disclosure
Schedules and Exhibits referred to herein shall be construed with, and as an integral part of, this Agreement to the same extent as if they were set forth verbatim herein. 

Section 10.04 Headings. The headings in this Agreement are for reference only and shall not affect the
interpretation of this Agreement. 
 Section 10.05 Severability. If any term or provision of this Agreement is
invalid, illegal or unenforceable in any jurisdiction, such invalidity, illegality or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render unenforceable such term or provision in any other
jurisdiction. Except as provided in Section 5.08(e), upon such determination that any term or other provision is invalid, illegal or unenforceable, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the
original intent of the parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally contemplated to the greatest extent possible. 

Section 10.06 Entire Agreement. This Agreement, the Escrow Agreement and the Ancillary Documents constitute the sole
and entire agreement of the parties to this Agreement with respect to the subject matter contained herein and therein, and supersede all prior and contemporaneous understandings and agreements, both written and oral, with respect to such subject
matter. In the event of any inconsistency between the statements in the body of this Agreement and those in the Escrow Agreement or any Ancillary Document, the Exhibits and Disclosure Schedules (other than an exception expressly set forth as such in
the Disclosure Schedules), the statements in the body of this Agreement will control. 

  
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 Section 10.07 Successors and Assigns. This Agreement shall be
binding upon and shall inure to the benefit of the parties hereto and their respective successors and permitted assigns. Neither party may assign its rights or obligations hereunder without the prior written consent of the other party, which consent
shall not be unreasonably withheld or delayed. No assignment shall relieve the assigning party of any of its obligations hereunder. 

Section 10.08 No Third-party Beneficiaries. Except as provided in Section 5.06, Section 6.03 and ARTICLE
VIII, this Agreement is for the sole benefit of the parties hereto and their respective successors and permitted assigns and nothing herein, express or implied, is intended to or shall confer upon any other Person or entity any legal or equitable
right, benefit or remedy of any nature whatsoever under or by reason of this Agreement. 
 Section 10.09 Amendment
and Modification; Waiver. This Agreement may only be amended, modified or supplemented by an agreement in writing signed by each party hereto. No waiver by any party of any of the provisions hereof shall be effective unless explicitly set forth in
writing and signed by the party so waiving. No waiver by any party shall operate or be construed as a waiver in respect of any failure, breach or default not expressly identified by such written waiver, whether of a similar or different character,
and whether occurring before or after that waiver. No failure to exercise, or delay in exercising, any right, remedy, power or privilege arising from this Agreement shall operate or be construed 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. 

Section 10.10 Governing Law; Submission to Jurisdiction; Waiver of Jury Trial.

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

(b) ANY LEGAL SUIT, ACTION OR PROCEEDING ARISING OUT OF OR BASED UPON THIS AGREEMENT, THE ESCROW AGREEMENT OR ANY ANCILLARY
DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY MAY BE INSTITUTED IN THE FEDERAL COURTS OF THE UNITED STATES OF AMERICA OR THE COURTS OF CHANCERY IN THE STATE OF DELAWARE, AND EACH PARTY IRREVOCABLY SUBMITS TO THE EXCLUSIVE JURISDICTION
OF SUCH COURTS IN ANY SUCH SUIT, ACTION OR PROCEEDING. SERVICE OF PROCESS, SUMMONS, NOTICE OR OTHER DOCUMENT BY MAIL TO SUCH PARTY’S ADDRESS SET FORTH HEREIN SHALL BE EFFECTIVE SERVICE OF PROCESS FOR ANY SUIT, ACTION OR OTHER PROCEEDING BROUGHT
IN ANY SUCH COURT. THE PARTIES IRREVOCABLY AND UNCONDITIONALLY WAIVE ANY OBJECTION TO THE LAYING OF VENUE OF ANY SUIT, ACTION OR ANY PROCEEDING IN SUCH COURTS AND IRREVOCABLY WAIVE AND AGREE NOT TO PLEAD OR CLAIM IN ANY SUCH COURT THAT ANY SUCH
SUIT, ACTION OR PROCEEDING BROUGHT IN ANY SUCH COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. 

  
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 (c) EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE
UNDER THIS AGREEMENT, THE ESCROW AGREEMENT OR ANY ANCILLARY DOCUMENT IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES AND, THEREFORE, EACH SUCH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF
ANY LEGAL ACTION ARISING OUT OF OR RELATING TO THIS AGREEMENT, THE ESCROW AGREEMENT OR ANY ANCILLARY DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH PARTY TO THIS AGREEMENT CERTIFIES AND ACKNOWLEDGES THAT (A) NO REPRESENTATIVE
OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT SEEK TO ENFORCE THE FOREGOING WAIVER IN THE EVENT OF A LEGAL ACTION, (B) SUCH PARTY HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER, (C) SUCH PARTY
MAKES THIS WAIVER VOLUNTARILY, AND (D) SUCH PARTY HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 10.10(c). 

Section 10.11 Specific Performance. The parties agree that irreparable damage would occur if any provision of
this Agreement were not performed in accordance with the terms hereof and that the parties shall be entitled to specific performance of the terms hereof, in addition to any other remedy to which they are entitled at law or in equity. 

Section 10.12 Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an
original, but all of which together shall be deemed to be one and the same agreement. A signed copy of this Agreement delivered by facsimile, e-mail or other means of electronic transmission shall be deemed to
have the same legal effect as delivery of an original signed copy of this Agreement. 
 Section 10.13 No
Presumption Against Drafting Party. The Company and Buyer acknowledge that each has been represented by counsel in connection with this Agreement and the transactions contemplated by this Agreement. Accordingly, any rule of law or any legal decision
that would require interpretation of any claimed ambiguities in this Agreement against the drafting party has no application and is expressly waived. 

Section 10.14 Seller Representative. 

(a) Sellers hereby appoint Stephen W. Arntzen to serve as the “Seller Representative” for purposes of all matters
expressly set forth in this Agreement to be performed by the Seller Representative and Mr. Arntzen hereby consents and agrees to such appointment. The Seller Representative may be removed from such position at any time upon the written
election of Sellers who collectively hold a majority of the Pro Rata Percentages (a “Seller Majority”); provided that a Seller Majority elects a replacement Seller Representative prior to or simultaneously with such removal,
and Buyer is given prompt written notice of such replacement; provided further that no such designation of a replacement Seller Representative shall be effective unless and until such replacement Seller Representative has agreed in writing to
serve in such capacity. The designation of the Seller Representative is coupled with an interest, and, except as set forth in the immediately preceding sentence, such designation is irrevocable and shall not be affected by the death,
incapacity, illness, bankruptcy, dissolution or other inability to act of any Seller. Each replacement Seller Representative shall have all the power, authority, rights and privileges conferred by this Agreement upon the original Seller
Representative and the term “Seller Representative” as used herein shall be deemed to include any such replacement Seller Representative. The Seller Representative, including any replacement of any such Seller Representative, is
authorized to act as attorney-in-fact for Sellers with full power of substitution and authority, in its discretion, to enforce this Agreement and the Escrow Agreement
against the parties hereto and thereto, and to execute any amendment or waiver of this Agreement and the Escrow Agreement and any other document or instrument necessary or advisable in order to carry out the provisions of this

  
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Agreement or the Escrow Agreement, to give and receive notices and communications and, without limiting the foregoing provisions of this Section 10.14, dispute any decision or determination
of Buyer following the Closing, to agree to, negotiate, enter into settlements and compromises of, and to comply with court orders with respect to any dispute, to take any of the actions contemplated by the Seller Representative under this Agreement
or the Escrow Agreement and to take all actions necessary or appropriate in the judgment of the Seller Representative for the accomplishment of any or all of the foregoing.

(b) Sellers shall, severally in accordance with their Pro Rata Percentages, be responsible for the payment of all fees and
expenses reasonably incurred by the Seller Representative in performing its duties under this Agreement and the Escrow Agreement. Written notice of any resignation, removal or appointment of a Seller Representative shall be delivered by the
Seller Representative to Buyer promptly after such action is taken, provided, that until such notice is received, Buyer shall be entitled to rely on the decisions, actions, consents and instructions of the prior Seller Representative, unless at such
time such Seller Representative has resigned or has died or has become incapacitated, in which case Buyer shall be entitled to rely on the decisions, actions, consents and instructions of the Seller Majority who, in such case, for all purposes
hereunder shall be deemed the Seller Representative until the appointment of a replacement for the prior Seller Representative. 

(c) All decisions of and actions by the Seller Representative may be relied upon by Buyer, its Affiliates and any third Person,
and shall be binding and conclusive upon each Seller. All decisions and actions by the Seller Representative (to the extent authorized by this Agreement) shall be binding upon all Sellers, and no Seller shall have the right to object, dissent,
protest or otherwise contest the same. Buyer and the Escrow Agent shall be entitled to rely on the actions taken by the Seller Representative without independent inquiry into the capacity of the Seller Representative to so act and each such party is
hereby relieved from any liability to any Person for acts done by them in accordance with any such decision, act, consent or instruction. All actions, notices, communications and determinations by the Seller Representative to carry out such
functions shall conclusively be deemed to have been authorized by, and shall be binding upon, Sellers. 
 (d) The Seller
Representative shall not be liable, responsible or accountable in damages or otherwise to Sellers for any Liability incurred by reason of any act or failure to act by such Seller Representative, and each Seller shall jointly and severally indemnify
and hold harmless the Seller Representative against any Liability except to the extent that such losses or damage shall have been the result of the individual gross negligence or willful misconduct of such Seller Representative. 

Section 10.15 Conflict Waiver; Privilege. Buyer and Sellers agree that, notwithstanding any current or prior
representation of any of the Seller Representative or the Company or any of its Affiliates by Holland & Hart LLP (“Seller Counsel”), Seller Counsel shall be allowed to represent the Seller Representative, any Seller or any
of a Seller’s respective Affiliates in any matters and/or disputes adverse to Buyer or the Company, or any of their respective Affiliates, that either is existing on the date hereof or that arises in the future and relates to the negotiation,
preparation, execution, delivery and performance of this Agreement or any Ancillary Document, or any of the transactions contemplated hereunder or thereunder, and Buyer (for itself and, for all periods after the Closing, the Company and its
subsidiaries) and Sellers hereby (a) waive any claim they have or may have that Seller Counsel has a conflict of interest or is otherwise prohibited from engaging in such representation, and (b) agree that, in the event that a dispute
arises after Closing in connection with the foregoing between Buyer, the Company, or either of their respective Affiliates (on the one hand) and Sellers or any of Sellers’ respective Affiliates (on the other

  
 65 

 
hand), Seller Counsel may represent the Seller Representative, a Seller or such Affiliate of Seller in such dispute even though the interests of Sellers or such Affiliate may be directly adverse
to Buyer, the Company, or any of their respective Affiliates, and even though Seller Counsel may have represented the Company or its subsidiary in a matter substantially related to such dispute. Buyer (for itself and, for all periods after the
Closing, the Company and its subsidiaries) also further agrees that, as to all communications among Seller Counsel and the Company and its subsidiaries, Sellers and the Seller Representative, and any of their respective Affiliates that relate in any
way to the negotiation, preparation, execution, delivery and performance of this Agreement and the Ancillary Documents, and the transactions contemplated hereunder and thereunder, including all right, title and interest in and to such
communications, the attorney-client privilege, the expectation of client confidence, and all other rights to any evidentiary privilege belong to and may be controlled exclusively by the Seller Representative and shall not be deemed to have ever been
conveyed, passed to, or claimed by Buyer or any of its Affiliates or, following the Closing, by the Company or its subsidiaries, as it relates to the contemplation, negotiation or drafting of this Agreement and the Ancillary Documents (including
preparation of the Disclosure Schedules). Accordingly, no Person other than the Seller Representative controls the attorney-client privilege with respect to such privileged communication or is able to waive the privilege. In the event that Buyer is
legally required by any Governmental Authority to access or obtain a copy of all or a portion of such privileged communications, Buyer shall be entitled to access or obtain a copy of and disclose such privileged communications to the extent
necessary to comply with any such legal requirement; provided that, to the extent legally permissible, the Seller Representative is provided with prompt written notice of any such requirement prior to such access and disclosure so that the
Seller Representative may in its sole discretion and cost and expense, seek a protective order or other appropriate remedy. 
 [Signature
pages follow] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as
of the date first written above by their respective officers thereunto duly authorized. 
  

					
	ACCEL ENTERTAINMENT, INC.
		
	By:	 	 /s/ Andrew Rubenstein

		 	Name:	 	Andrew Rubenstein
		 	Title:	 	President and Chief Executive Officer
	
	ACCEL ENTERTAINMENT LLC
		
	By:	 	 /s/ Andrew Rubenstein

		 	Name:	 	Andrew Rubenstein
		 	Title:	 	Manager
	
	CENTURY GAMING, INC.
		
	By:	 	 /s/ Steven W. Arntzen

		 	Name:	 	Steven W. Arntzen
		 	Title:	 	Chief Executive Officer
	
	SELLERS:
	
	 /s/ Steven W. Arntzen

	Steven W. Arntzen
	
	 /s/ Heidi H. Schmalz

	Heidi H. Schmalz
	
	 /s/ Merle Frank

	Merle Frank
	
	SELLER REPRESENTATIVE:
	
	 /s/ Steven W. Arntzen

	Steven W. Arntzen

 [SIGNATURE PAGE TO SECURITIES
PURCHASE AGREEMENT]

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