Document:

Exhibit 10.1

 

 

 

 

 

 

 

 

 

 

SECOND AMENDED AND RESTATED FIRST LIEN CREDIT
AND GUARANTY AGREEMENT

 

dated as of April 23, 2021

among

RADNET MANAGEMENT, INC.,

as Borrower,

RADNET, INC.,

CERTAIN SUBSIDIARIES AND AFFILIATES OF RADNET MANAGEMENT, INC.,

as Guarantors,

The Several Lenders from Time to Time Parties Hereto,

BARCLAYS BANK PLC,

CAPITAL ONE, NATIONAL ASSOCIATION,

J.P. MORGAN SECURITIES LLC

RBC CAPITAL MARKETS,

TD SECURITIES (USA) LLC

and

TRUIST SECURITIES, INC.,

as Joint Bookrunners and Joint Lead Arrangers,

and

BARCLAYS BANK PLC,

as Administrative Agent and Collateral Agent

 

 

 

 

 

 

 

 

    	 	 	 

     

    

 

Table
of Contents

 

	 	 	Page
	 	 	 
	ARTICLE I	DEFINITIONS	2
	1.1	Definitions	2
	1.2	Interpretive Matters	2
	1.3	Limited Condition Transaction	4
	1.4	Pro Forma Basis	5
	1.5	Calculation of Amounts	7
	1.6	LIBOR Discontinuation	8
	1.7	Divisions	9
	 	 	 
	ARTICLE II	AMOUNT AND TERMS OF CREDIT	9
	2.1	Credit Facilities	9
	2.2	Letters of Credit	20
	2.3	Prepayments	26
	2.4	Use of Proceeds	32
	2.5	Interest and Applicable Margins	33
	2.6	Fees	35
	2.7	Receipt of Payments	35
	2.8	Application and Allocation of Payments	36
	2.9	.	36
	2.1	Alternate Rate of Interest.	37
	2.11	LIBOR Breakage	37
	2.12	Taxes	38
	2.13	Capital Adequacy; Increased Costs; Illegality	42
	2.14	Lenders’ Evidence of Indebtedness	43
	 	 	 
	ARTICLE III	CONDITIONS PRECEDENT	44
	3.1	Conditions to Effectiveness and the Initial Loans.	44
	3.2	Conditions to Each Revolving Loan.	46
	 	 	 
	ARTICLE IV	REPRESENTATIONS AND WARRANTIES	47
	4.1	Organization; Requisite Power and Authority; Qualification.	47
	4.2	Equity Interests and Ownership.	48
	4.3	Due Authorization; No Conflicts; Government Consents; Enforceable Obligations.	48
	4.4	Financial Statements and Projections.	49
	4.5	Material Adverse Effect.	49
	4.6	Ownership of Property; Liens	50
	4.7	Labor Matters	50
	4.8	Certain Fees.	50
	4.9	Government Regulation.	51
	4.1	Margin Regulations	51
	4.11	Taxes.	51
	4.12	ERISA.	51

 

 

 

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Table
of Contents

(continued)

 

	 	 	Page
	 	 	 
	4.13	No Litigation.	52
	4.14	Beneficial Ownership Regulation.	53
	4.15	Intellectual Property.	53
	4.16	Full Disclosure.	53
	4.17	Environmental Matters.	53
	4.18	Insurance.	54
	4.19	No Defaults.	54
	4.2	Solvency.	54
	4.21	Health Care Matters.	54
	4.22	Corporate Integrity Agreements, etc.	57
	4.23	Material Contracts.	58
	4.24	Compliance with Statutes, Etc.	58
	4.25	[Reserved].	58
	4.26	Anti-Corruption Laws and Sanctions.	58
	4.27	Use of Proceeds.	58
	4.28	Security Interests.	59
	4.29	Senior Ranking.	59
	 	 	 
	ARTICLE V	FINANCIAL STATEMENTS AND INFORMATION	59
	5.1	Reports and Notices.	59
	 	 	 
	ARTICLE VI	AFFIRMATIVE COVENANTS	62
	6.1	Maintenance of Existence and Conduct of Business.	62
	6.2	Payment of Taxes.	62
	6.3	Books and Records.	62
	6.4	Insurance; Damage to or Destruction of Collateral.	63
	6.5	Compliance with Laws, Health Care Laws and Organization Documents.	64
	6.6	Control Accounts; Approved Deposit Accounts.	64
	6.7	Intellectual Property.	64
	6.8	Environmental Matters.	64
	6.9	Access.	65
	6.1	Post-Closing Obligations.	65
	6.11	New Subsidiaries; Further Assurances.	66
	6.12	Conduct of Business	68
	6.13	Unrestricted Subsidiary Designation	68
	6.14	Use of Proceeds	68
	6.15	Annual Lenders’ Call	68
	6.16	Maintenance of Ratings.	69

 

 

 

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Table
of Contents

(continued)

 

	 	 	Page
	 	 	 
	ARTICLE VII	NEGATIVE COVENANTS	69
	7.1	Mergers, Subsidiaries, Etc.	69
	7.2	Investments; Loans and Advances.	70
	7.3	Indebtedness.	73
	7.4	Affiliate Transactions.	76
	7.5	Activities of Holdings.	77
	7.6	[Reserved].	78
	7.7	Liens; Negative Pledge.	78
	7.8	Sale of Stock and Assets.	80
	7.9	[Reserved].	82
	7.1	Financial Covenant.	82
	7.11	[Reserved].	82
	7.12	Sale-Leasebacks.	82
	7.13	Junior Debt Payments.	82
	7.14	Restricted Payments.	84
	7.15	Change of Jurisdiction, Corporate Name or Location; Change of Fiscal Year.	86
	7.16	No Impairment of Intercompany Transfers.	86
	7.17	[Reserved].	87
	7.18	Amendments of Organization Documents.	87
	 	 	 
	ARTICLE VIII	TERM	88
	8.1	Termination.	88
	8.2	Survival of Obligations Upon Termination of Financing Arrangements.	88
	 	 	 
	ARTICLE IX	EVENTS OF DEFAULT: RIGHTS AND REMEDIES	88
	9.1	Events of Default.	88
	9.2	Remedies.	91
	 	 	 
	ARTICLE X	ASSIGNMENT AND PARTICIPATIONS; APPOINTMENT OF ADMINISTRATIVE AGENT	91
	10.1	Assignment and Participations.	91
	10.2	Appointment of Administrative Agent.	95
	10.3	Administrative Agent’s Reliance, Etc.	96
	10.4	Administrative Agent and Affiliates.	97
	10.5	Lender Credit Decision.	97
	10.6	Indemnification.	97
	10.7	Successor Administrative Agent.	98
	10.8	Set-Off and Sharing of Payments.	99
	10.9	No Liability; Return of Payment; Defaulting Lenders; Information; Actions in Concert.	99
	10.1	No Reliance on Administrative Agent’s Customer Identification Program.	103
	10.11	USA Patriot Act.	104

 

 

 

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Table
of Contents

(continued)

 

	 	 	Page
	 	 	 
	10.12	Release of Collateral or Guarantors; Subordination of Liens.	104
	10.13	Credit Bid.	105
	10.14	Secured Parties.	106
	10.15	Withholding Tax.	106
	10.16	Certain Payments.	107
	10.17	Acknowledgement Regarding Any Supported QFCs	108
	 	 	 
	ARTICLE XI	SUCCESSORS AND ASSIGNS	109
	11.1	Successors and Assigns.	109
	 	 	 
	ARTICLE XII	MISCELLANEOUS	110
	12.1	Complete Agreement; Modification of Agreement.	110
	12.2	Amendments and Waivers.	110
	12.3	Fees and Expenses.	115
	12.4	Indemnity.	115
	12.5	No Waiver.	117
	12.6	Remedies.	117
	12.7	Severability.	117
	12.8	Conflict of Terms.	118
	12.9	GOVERNING LAW.	118
	12.1	Notices.	119
	12.11	Section Titles.	121
	12.12	Counterparts; Electronic Signatures.	121
	12.13	WAIVER OF JURY TRIAL.	122
	12.14	Reinstatement.	122
	12.15	Advice of Counsel.	122
	12.16	No Strict Construction.	122
	12.17	Treatment of Certain Information; Confidentiality.	123
	12.18	Anti-Money Laundering Legislation.	124
	12.19	Acknowledgement and Consent to Bail-In of Affected Financial Institutions.	125
	12.2	ERISA.	125
	12.21	Effect of Amendment and Restatement of the Existing Credit Agreement: No Novation.	127
	12.22	Intercreditor Agreements.	128

 

 

 

 

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Table
of Contents

(continued)

 

 

	 	 	Page
	 	 	 
	ARTICLE XIII	GUARANTY	128
	13.1	Guaranty of the Obligations	128
	13.2	Contribution by Guarantors	128
	13.3	Payment by Guarantors	129
	13.4	Liability of Guarantors Absolute	129
	13.5	Waivers by Guarantors	131
	13.6	Guarantors’ Rights of Subrogation, Contribution, Etc	132
	13.7	Subordination of Other Obligations	132
	13.8	Continuing Guaranty	133
	13.9	Authority of Guarantors or the Borrower	133
	13.1	Financial Condition of the Borrower	133
	13.11	Bankruptcy, Etc.	133
	13.12	Discharge of Guaranty Upon Sale of Guarantor	134
	13.13	Keepwell	134

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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	INDEX OF APPENDICES
	 
	Annex A	–	Commitments
	 	 	 
	Schedule 1.1(A)	–	Immaterial Subsidiaries
	Schedule 1.1(C)	–	Existing Letters of Credit
	Schedule 1.1	–	Definitions
	Schedule 4.1	–	Jurisdictions of Organization and Qualification
	Schedule 4.2	–	Equity Interests and Ownership
	Schedule 4.7	–	Labor Matters
	Schedule 4.8	–	Ventures, Subsidiaries and Affiliates; Outstanding Stock
	Schedule 4.12	–	ERISA
	Schedule 4.13	–	Litigation
	Schedule 4.15	–	Intellectual Property
	Schedule 4.18	–	Insurance
	Schedule 4.21	–	Compliance with Health Care Laws and Permits
	Schedule 7.2	–	Investments
	Schedule 7.3	–	Indebtedness
	Schedule 7.4	–	Transactions with Affiliates
	Schedule 7.7	–	Existing Liens
	Schedule 7.14	–	Restricted Payments
	Schedule 12.10	–	Notices
	 	 	 
	Exhibit 2.1(a)(i)	–	Form of Notice of Advance
	Exhibit 2.1(b)(i)	–	Form of Notice of Term Loan
	Exhibit 2.3(a)	–	Form of Notice of Prepayment
	Exhibit 2.3(b)(v)	–	Form of Excess Cash Flow Certificate
	Exhibit 2.5(e)	–	Form of Notice of Conversion/Continuation
	Exhibit 2.11(g)-1	–	Form of U.S. Tax Compliance Certificate
	Exhibit 2.11(g)-2	–	Form of U.S. Tax Compliance Certificate
	Exhibit 2.11(g)-3	–	Form of U.S. Tax Compliance Certificate
	Exhibit 2.11(g)-4	–	Form of U.S. Tax Compliance Certificate
	Exhibit 2.13(a)	–	Form of Revolving Note
	Exhibit 2.13(b)(i)	–	Form of Term Loan Note
	Exhibit 3.1(d)	–	Form of Solvency Certificate
	Exhibit 5.1(b)	–	Form of Compliance Certificate
	Exhibit 10.1	–	Form of Assignment and Acceptance

 

 

 

 

 

 

 

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SECOND AMENDED AND RESTATED FIRST LIEN
CREDIT AND GUARANTY AGREEMENT

 

SECOND AMENDED AND RESTATED FIRST LIEN CREDIT
AND GUARANTY AGREEMENT, dated as of April 23, 2021, is entered into by and among RADNET MANAGEMENT, INC., a California corporation
(the “Borrower”), RADNET, INC., a Delaware corporation (“Holdings”), CERTAIN SUBSIDIARIES and AFFILIATES
OF THE BORROWER, as Guarantors, the Lenders and other financial institutions from time to time party hereto, and BARCLAYS BANK PLC (“Barclays”),
as Administrative Agent (together with its permitted successors in such capacity, the “Administrative Agent”) and as
Collateral Agent (together with its permitted successors in such capacity, the “Collateral Agent”).

 

RECITALS

 

WHEREAS, capitalized
terms used in these Recitals have the respective meanings set forth for such terms in Schedule 1.1 hereof;

 

WHEREAS, pursuant to
that certain Amended and Restated First Lien Credit and Guaranty Agreement, dated as of July 1, 2016 (as amended, restated, amended and
restated, supplemented or modified from time to time prior to the Effective Date, the “Existing Credit Agreement”),
the Lenders (as defined in the Existing Credit Agreement, the “Existing Lenders”) have extended certain credit facilities
to the Borrower consisting of (i) $601,329,545.41 aggregate principal amount of outstanding Term Loans (as defined in the Existing Credit
Agreement) (the “Existing Term Loans”) and (ii) $195,000,000 aggregate principal amount of Revolving Loan Commitments
(as defined in the Existing Credit Agreement) (the “Existing Revolving Commitments”; and any loans extended thereunder,
together with the Existing Term Loans, the “Existing Loans”), the proceeds of which were used to repay certain existing
Indebtedness of the Borrower and its Subsidiaries, pay expenses related thereto and to provide funds for other general corporate purposes
of the Borrower and its Subsidiaries;

 

WHEREAS, the Borrower
has requested (a) new term loan commitments in an aggregate principal amount of $725,000,000, the Loans in respect of which will be available
to the Borrower on the Effective Date, (b) new revolving commitments in an aggregate principal amount of $195,000,000 and (c) to amend
and restate the Existing Credit Agreement in its entirety, as set forth herein;

 

WHEREAS, the Lenders
party hereto (including certain Existing Lenders) are willing to provide the Initial Term Loan Commitments and Revolving Commitments,
as the case may be;

 

WHEREAS, it is understood
and agreed that the Initial Term Loan Commitments and corresponding Initial Term Loans and the Revolving Commitments shall refinance in
full all outstanding Indebtedness under the Existing Credit Agreement (the “Refinancing”);

 

WHEREAS, the Borrower
has agreed to secure all of its Obligations by granting to the Collateral Agent, for the benefit of the Secured Parties, a First Priority
Lien on substantially all of its assets, including a pledge of all of the Equity Interests of each of its Domestic Subsidiaries, 66.0%
of all of the voting Equity Interests of each of its Foreign Subsidiaries that are CFCs and all of the non-voting Equity Interests of
each of its Foreign Subsidiaries that are CFCs, in each case subject to the exclusions, terms and conditions set forth in the Loan Documents;
and

 

 

 

 

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WHEREAS, the Guarantors
have agreed to guarantee the obligations of the Borrower hereunder and to secure their respective Obligations by granting to the Collateral
Agent, for the benefit of the Secured Parties, a First Priority Lien on substantially all of their respective assets, including a pledge
of all of the Equity Interests of each of their respective Domestic Subsidiaries (including the Borrower), 66.0% of all of the voting
Equity Interests of each of their respective Foreign Subsidiaries that are CFCs and all of the non-voting Equity Interests of each of
their respective Foreign Subsidiaries that are CFCs, in each case subject to the exclusions, terms and conditions set forth in the Loan
Documents.

 

WHEREAS, all Annexes,
Schedules, Exhibits and other attachments (collectively, “Appendices”) hereto are incorporated herein by reference,
and taken together, shall constitute but a single agreement. These Recitals shall be construed as part of this Agreement.

 

NOW, THEREFORE,
in consideration of the premises and the mutual covenants hereinafter contained, and for other good and valuable consideration, the parties
hereto agree as follows:

 

ARTICLE
I

DEFINITIONS

 

1.1             
Definitions.

 

Capitalized terms used in the Loan Documents shall
have (unless otherwise provided elsewhere in the Loan Documents) the meanings specified therefor on Schedule 1.1.

 

1.2             
Interpretive Matters.

 

(a)              
All other undefined terms contained in any of the Loan Documents shall, unless the context indicates otherwise, have the meanings
provided for by the Code as in effect in the State of New York to the extent the same are used or defined therein. Unless otherwise specified,
references in this Agreement or any of the Appendices to a Section, subsection or clause refer to such Section, subsection or clause as
contained in this Agreement. The words “herein,” “hereof” and “hereunder” and other words of similar
import refer to this Agreement as a whole, including all Annexes, Exhibits and Schedules, as the same may from time to time be amended,
restated, amended and restated, modified or supplemented, and not to any particular section, subsection or clause contained in this Agreement
or any such Annex, Exhibit or Schedule. Any reference in this Agreement to any Loan Document or any other document or agreement means
such document as amended, restated, amended and restated, supplemented and/or otherwise modified from time to time (subject to the restrictions
on such amendments, restatements, supplements or modifications set forth herein). If any date of compliance with the terms and conditions
of any Loan Document falls due on a day which is not a Business Day, then such due date shall be extended to the immediately following
Business Day.

 

 

 

 

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(b)              
Wherever from the context it appears appropriate, each term stated in either the singular or plural shall include the singular
and the plural, and pronouns stated in the masculine, feminine or neuter gender shall include the masculine, feminine and neuter genders.
The words “including,” “includes” and “include” shall be deemed to be followed by the words “without
limitation”; references to Persons include their respective successors and assigns (to the extent and only to the extent permitted
by the Loan Documents) or, in the case of governmental Persons, Persons succeeding to the relevant functions of such Persons; and all
references to statutes and related regulations shall include any amendments of the same and any successor statutes and regulations. Whenever
any provision in any Loan Document refers to the knowledge (or an analogous phrase) of any Loan Party, such words are intended to signify
that a Responsible Officer such Loan Party has actual knowledge or awareness of a particular fact or circumstance.

 

(c)              
Unless otherwise specifically provided herein, any accounting term used in this Agreement shall have the meaning customarily given
such term in accordance with GAAP, and all financial computations hereunder shall be computed in accordance with GAAP consistently applied.
That certain items or computations are explicitly modified by the phrase “in accordance with GAAP” shall in no way be construed
to limit the foregoing. If any “Accounting Changes” (as defined below) occur and such changes result in a change in the calculation
of the financial covenants, standards or terms used in this Agreement or any other Loan Document, the Borrower, the Administrative Agent
and the Lenders agree in good faith to enter into negotiations in order to amend such provisions of this Agreement so as to equitably
reflect such Accounting Changes with the desired result that the criteria for evaluating the Loan Parties’ and their Restricted
Subsidiaries’ financial condition shall be the same after such Accounting Changes as if such Accounting Changes had not been made;
provided, however, that for the avoidance of doubt, the agreement of the Borrower and the Requisite Lenders to any required
amendments of such provisions shall be sufficient to bind the parties hereto. “Accounting Changes” means (i) 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), including,
but not limited to, the FASB Accounting Standards CodificationTM; (ii) changes in accounting principles concurred in by the Borrower’s
certified public accountants; (iii) purchase accounting adjustments under A.P.B. 16 and/or 17 and EITF 88-16, and the application of the
accounting principles set forth in FASB 109, or, in each case, any FASB Accounting Standards CodificationTM having a similar result
or effect, including the establishment of reserves pursuant thereto and any subsequent reversal (in whole or in part) of such reserves;
and (iv) the reversal of any reserves established as a result of purchase accounting adjustments. If the Borrower and the Requisite Lenders
agree upon the required amendments, then after appropriate amendments have been executed and the underlying Accounting Change with respect
thereto has been implemented, any reference to GAAP contained in this Agreement or in any other Loan Document shall, only to the extent
of such Accounting Change, refer to GAAP, consistently applied after giving effect to the implementation of such Accounting Change. If
the Borrower and Requisite Lenders cannot agree upon the required amendments within thirty (30) days following the date of implementation
of any Accounting Change, then all Financial Statements delivered and all calculations of financial covenants and other standards and
terms in accordance with this Agreement and the other Loan Documents shall be prepared, delivered and made without regard to the underlying
Accounting Change. Notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein shall
be construed, and all computations of amounts and ratios referred to in Article VII shall be made, without giving effect to any
election under Statement of Financial Accounting Standards 159 (or any other Financing Accounting Standard or FASB Accounting Standards
CodificationTM having a similar result or effect) to value any Indebtedness or other liabilities of any Loan Party or any Restricted
Subsidiary at “fair value”. For purposes of calculations made pursuant to the terms of this Agreement or otherwise for purposes
of compliance herewith, GAAP will be deemed to treat operating leases and Capital Lease Obligations in a manner consistent with their
current treatment under generally accepted accounting principles as in effect on the Effective Date, notwithstanding any modifications
or interpretive changes thereto that may occur thereafter.

 

 

 

 

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(d)              
For purposes of determining whether the incurrence of any Indebtedness is in compliance with any applicable ratio (including any
applicable First Lien Net Leverage Ratio, Senior Secured Net Leverage Ratio or Total Net Leverage Ratio), test or basket, such determination
shall be made on a Pro Forma Basis for the incurrence of such Indebtedness without netting the net cash proceeds of such Indebtedness
for purposes of any leverage ratio (but giving effect to any use of such net cash proceeds) and, in the case of any such Indebtedness
constituting revolving Indebtedness, assuming that such Indebtedness is fully drawn.

 

(e)              
Financial Statements that are “required to be delivered” shall mean, with respect to Holdings, Borrower and any Subsidiary,
Financial Statements that have been prepared in accordance with GAAP and delivered to the Administrative Agent in accordance with the
applicable requirements under Section 5.1.

 

1.3             
Limited Condition Transaction.

 

Notwithstanding anything to the contrary contained
herein, for purposes of (i) measuring any applicable ratio (including any applicable First Lien Net Leverage Ratio, Senior Secured Net
Leverage Ratio or Total Net Leverage Ratio), test, exception or basket in connection with the incurrence of any Indebtedness (including
any Incremental Facilities) or Liens or the making of any acquisitions or other Investments, Restricted Payments, Junior Debt Payments,
asset sales, mergers, liquidations or fundamental changes, (ii) determining compliance with any provision of this Agreement or any other
Loan Document that requires (A) that the representations and warranties of the Borrower or any other Loan Party set forth herein or in
any other Loan Document be true and correct as of a specified date or (B) that no Default or Event of Default has occurred, is continuing
or would result from a specified action or (iii) determining satisfaction of any condition precedent to such action set forth herein or
in any other Loan Document, in each case, in connection with a Limited Condition Transaction, the date of determination of whether any
such action is permitted hereunder, shall at the Borrower’s option (the Borrower’s election to exercise such option, an “LCT
Election”) be deemed to be, in the case of any Junior Debt Payment requiring delivery of notice in advance thereof or any Restricted
Payment declared in advance thereof, the date of delivery of such notice, declaration or similar event and, in the case of any other Limited
Condition Transaction, the date the definitive agreement for such Limited Condition Transaction is entered into (in each case, such date,
the “LCT Test Date”), and if, on a Pro Forma Basis after giving Pro Forma Effect to the Limited Condition Transaction
and the other transactions to be entered into in connection therewith as if they had occurred at the beginning of the most recent Measurement
Period ended prior to the LCT Test Date for which Financial Statements are required to be delivered, the Borrower could have taken such
action on the relevant LCT Test Date in compliance with such ratio, test or basket, provision or 

 

 

 

 

 

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 condition precedent, the
Borrower shall be deemed to be in compliance with such ratio, test or basket, provision or condition precedent for all purposes
relating to such Limited Condition Transaction; provided that in connection with any Borrowing, no Specified Event of Default shall
have occurred or be continuing at the time of such Borrowing. If the Borrower has made an LCT Election for any Limited Condition
Transaction, then in connection with any subsequent calculation of any ratio (other than for purposes of determining actual
compliance with the financial covenant under Section 7.10 (as opposed to compliance on a Pro Forma Basis for purposes of
another provision)), test or basket in connection with the incurrence of any Indebtedness (including any Incremental Facilities) or
Liens or the making of any acquisitions or other Investments, Restricted Payments, Junior Debt Payment, asset sales, mergers,
liquidations or fundamental changes occurring on or following the relevant LCT Test Date and prior to the earlier of (i) the date on
which such Limited Condition Transaction is consummated or (ii) the date that the definitive agreement for such Limited Condition
Transaction or notice or declaration is terminated, revoked or expires without consummation of such Limited Condition Transaction,
any such ratio, test or basket shall be calculated (A) on a Pro Forma Basis assuming such Limited Condition Transaction and other
transactions in connection therewith (including any incurrence of Indebtedness and the use of proceeds thereof) have been
consummated and (B) with respect to any Restricted Payments, assuming such Limited Condition Transaction and the other transactions
to be consummated in connection therewith (including any incurrence of Indebtedness and the use of proceeds thereof) have not been
consummated. For the avoidance of doubt, (i) if the Borrower has made an LCT Election and any of the ratios, tests or baskets,
provisions or conditions precedent for which compliance was determined or tested as of the LCT Test Date would have failed to have
been satisfied as a result of fluctuations in any ratio, test or basket, including due to fluctuations in Consolidated Adjusted
EBITDA of Holdings and its Restricted Subsidiaries or the Person subject to such Limited Condition Transaction, occurring on or
prior to consummation of the applicable Limited Condition Transaction, the Borrower shall be deemed to be in compliance with such
ratio, test or basket, provision or condition precedent notwithstanding such fluctuations, and (ii) any applicable ratios, tests or
baskets, provisions or conditions precedents shall only be tested at the time of consummation of such Limited Condition Transaction
if the Borrower has elected in its sole discretion to test such ratio, test or basket, provision or condition precedent on the date
such Limited Condition Transaction is consummated instead of the LCT Test Date.

 

1.4             
Pro Forma Basis.

 

(a)              
Notwithstanding anything to the contrary herein, all ratios (including the First Lien Net Leverage Ratio, the Senior Secured Net
Leverage Ratio and the Total Net Leverage Ratio), tests and baskets, and compliance with covenants determined by reference to Consolidated
Adjusted EBITDA or TTM Consolidated EBITDA, shall be calculated in the manner prescribed by this Section 1.4; provided that,
notwithstanding anything to the contrary in this Section 1.4, when calculating (i) the First Lien Net Leverage Ratio for purposes
of determining the “Applicable Margin” and (ii) the Total Net Leverage Ratio for the purposes of determining actual compliance
with the financial covenant under Section 7.10 (as opposed to compliance on a Pro Forma Basis for purposes of another provision),
the events described in this Section 1.4 that occurred subsequent to the end of the applicable Measurement Period shall not be
given Pro Forma Effect.

 

 

 

 

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(b)              
For purposes of calculating the First Lien Net Leverage Ratio, the Senior Secured Net Leverage Ratio and the Total Net Leverage
Ratio, Consolidated Adjusted EBITDA or TTM Consolidated EBITDA, Specified Transactions (and the incurrence or repayment of any Indebtedness
in connection therewith) that have been made (i) during the applicable Measurement Period or (ii) subsequent to such Measurement Period
and prior to or simultaneously with the event for which the calculation of any such ratio is made shall be calculated on a Pro Forma Basis
assuming that all such Specified Transactions (and any increase or decrease in Consolidated Adjusted EBITDA and the component financial
definitions used therein attributable to any Specified Transaction) had occurred on the first day of the applicable Measurement Period.
If since the beginning of any applicable Measurement Period any Person that subsequently became a Restricted Subsidiary or was merged,
amalgamated or consolidated with or into the Borrower or any of its Restricted Subsidiaries since the beginning of such Measurement Period
shall have consummated any Specified Transaction that would have required adjustment pursuant to this Section 1.4, then the First
Lien Net Leverage Ratio, the Senior Secured Net Leverage Ratio, the Total Net Leverage Ratio, Consolidated Adjusted EBITDA or TTM Consolidated
EBITDA, as applicable, shall be calculated to give Pro Forma Effect thereto in accordance with this Section 1.4.

  

(c)              
Whenever Pro Forma Effect is to be given to a Specified Transaction, the pro forma calculations shall be made in good faith by
a responsible financial or accounting officer of the Borrower or Holdings and may include, at the Borrower’s or Holding’s
option, for the avoidance of doubt, (x) the amount of pro forma “run rate” cost savings, operating expense reductions, operational
improvements and synergies related to such Specified Transaction (including expected revenue enhancements) that are reasonably identifiable
and projected by the Borrower or Holdings in good faith to result from actions that have been taken or with respect to which substantial
steps have been taken or initiated or are expected to be taken (in the good faith determination of the Borrower or Holdings) within the
first 18 months after such Specified Transaction and reasonably anticipated (in the good faith determination of the Borrower or Holdings)
to be realized during such period (calculated (i) on a pro forma basis as though such cost savings, operating expense reductions, operating
improvements and synergies had been realized on the first day of the applicable Measurement Period and as if such cost savings, operating
expense reductions, operational improvements and synergies were realized during the entirety of such Measurement Period and (ii) such
that “run-rate” means the full recurring benefit for a period that is associated with such actions or steps) relating to such
Specified Transaction, net of the amount of actual benefits realized during such Measurement Period from such actions or steps, (y) any
pro forma adjustments reflected (in reasonable detail) by any due diligence quality of earnings report conducted by a “big four”
accounting firm, FTI Consulting, Inc. or another third-party financial advisor reasonably acceptable to the Administrative Agent and retained
by Holdings or any of its Subsidiaries, and (z) any pro forma adjustments determined on a basis consistent with Article 11 of Regulation
S-X promulgated under the Securities Exchange Act of 1934, as amended, as interpreted by the staff of the SEC (or any successor agency);
provided that no amounts shall be added back in computing Consolidated Adjusted EBITDA pursuant to this Section 1.4(c) to
the extent duplicative of any amounts that are otherwise added back in computing Consolidated Adjusted EBITDA, whether through a pro forma
adjustment or otherwise, with respect to such Measurement Period; provided, that, the aggregate amount of all addbacks pursuant
to this Section 1.4(c)(x), together with the adjustments set forth in clause (f) of the definition of Consolidated Adjusted EBITDA shall
not exceed, in the aggregate, 15% of Consolidated Adjusted EBITDA (calculated prior to giving effect to such addbacks and adjustments).

 

 

 

 

    	 	6	 

     

    

 

(d)              
In the event that the Borrower or any Restricted Subsidiary incurs (including by assumption or guarantees) or repays (including
by redemption, repayment, retirement, defeasance, discharge or extinguishment) any Indebtedness included in the calculations of the First
Lien Net Leverage Ratio, the Senior Secured Net Leverage Ratio or the Total Net Leverage Ratio, as the case may be (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 such Measurement Period and prior to or simultaneously with the event
for which the calculation of any such ratio is made, then such ratio or test shall be calculated giving Pro Forma Effect to such incurrence,
assumption, guarantee, repurchase, redemption, repayment, retirement, discharge, defeasance or extinguishment of Indebtedness, in each
case, to the extent required, as if the same had occurred on the last day of the applicable Measurement Period. Interest on a Capital
Lease shall be deemed to accrue at an interest rate reasonably determined by a responsible financial or accounting officer of the Borrower
or Holdings to be the rate of interest implicit in such Capital Lease in accordance with GAAP. Interest on Indebtedness that may optionally
be determined at an interest rate based upon a factor of a prime or similar rate, a London interbank offered rate, or other rate, shall
be determined to have been based upon the rate actually chosen, or if none, then based upon such optional rate chosen as the Borrower
or Restricted Subsidiary may designate.

 

1.5             
Calculation of Amounts.

 

(a)              
In the event that any action or transaction meets the criteria of one or more than one of the categories of exceptions, thresholds
or baskets pursuant to any applicable covenant in Article VII, such action or transaction (or portion thereof) may be divided and
classified, and later (on one or more occasions) be redivided and/or reclassified under one or more of such exceptions, thresholds or
baskets of the same covenant as the Borrower may elect from time to time, including reclassifying any utilization of fixed (which may
be specified as a percentage of TTM Consolidated EBITDA or otherwise subject to grower components) exceptions, thresholds or baskets (for
purposes of this Section 1.5, “fixed baskets”) as incurred under any available incurrence-based exception, threshold
or basket (including any exception or basket requiring compliance with a specified First Lien Net Leverage Ratio, Senior Secured Net Leverage
Ratio or Total Net Leverage Ratio) (for purposes of this Section 1.5, “incurrence-based baskets”), and if any
applicable ratios or financial tests for such incurrence-based baskets would be satisfied at any time in any subsequent fiscal quarter,
such reclassification shall be deemed to have automatically occurred at such time if not elected by the Borrower.

 

(b)              
In the event any fixed baskets are intended to be utilized together with any incurrence-based baskets in a single transaction or
series of related transactions, (i) compliance with or satisfaction of any applicable financial ratios or tests for the portion of any
Indebtedness, Liens or other applicable transaction or action to be incurred under any incurrence-based baskets shall first be calculated
without giving effect to amounts being utilized pursuant to any fixed baskets, but giving full Pro Forma Effect to all applicable and
related transactions (including, subject to the foregoing with respect to fixed baskets, any incurrence and repayments of Indebtedness)
and all other permitted pro forma adjustments, and (ii) thereafter, incurrence of the portion of such Indebtedness, Liens or other applicable
transaction or action to be incurred under any fixed baskets shall be calculated.

 

 

 

 

    	 	7	 

     

    

 

 

 

1.6             
 LIBOR Discontinuation. Notwithstanding anything to the contrary herein or in any other Loan Document:

 

(a)              
Replacing USD LIBOR. On March 5, 2021 the Financial Conduct Authority (“FCA”), the regulatory supervisor
of USD LIBOR’s administrator (“IBA”), announced in a public statement the future cessation or loss of representativeness
of overnight/Spot Next, 1-month, 3-month, 6-month and 12- month USD LIBOR tenor settings. On the earlier of (i) the date that all Available
Tenors of USD LIBOR have either permanently or indefinitely ceased to be provided by IBA or have been announced by the FCA pursuant to
public statement or publication of information to be no longer representative and (ii) the Early Opt-in Effective Date, if the then-current
Benchmark is USD LIBOR, the Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in
respect of any setting of such Benchmark on such day and all subsequent settings without any amendment to, or further action or consent
of any other party to this Agreement or any other Loan Document. If the Benchmark Replacement is Daily Simple SOFR, all interest payments
will be payable on a quarterly basis.

 

(b)              
Replacing Future Benchmarks. Upon the occurrence of a Benchmark Transition Event, the Benchmark Replacement will replace
the then-current Benchmark for all purposes hereunder and under any Loan Document in respect of any Benchmark setting at or after 5:00
p.m. on the fifth (5th) Business Day after the date 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 Requisite Lenders.
At any time that the administrator of the then-current Benchmark has permanently or indefinitely ceased to provide such Benchmark or such
Benchmark has been announced by the regulatory supervisor for the administrator of such Benchmark pursuant to public statement or publication
of information to be no longer representative of the underlying market and economic reality that such Benchmark is intended to measure
and that representativeness will not be restored, the Borrower may revoke any request for a borrowing of, conversion to or continuation
of Loans to be made, converted or continued that would bear interest by reference to such Benchmark until the Borrower’s receipt
of notice from the Administrative Agent that a Benchmark Replacement has replaced such Benchmark, and, failing that, the Borrower will
be deemed to have converted any such request into a request for a borrowing of or conversion to Alternate Base Rate Loans. During the
period referenced in the foregoing sentence, the component of the Alternate Base Rate based upon the Benchmark will not be used in any
determination of the Alternate Base Rate.

 

(c)              
Benchmark Replacement Conforming Changes. In connection with the implementation and administration of a Benchmark Replacement,
the Administrative Agent will have the right to make Benchmark Replacement Conforming Changes from time to time 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.

 

(d)              
Notices; Standards for Decisions and Determinations. The Administrative Agent will promptly notify the Borrower and the
Lenders of (i) the implementation of any Benchmark Replacement and (ii) the effectiveness of any Benchmark Replacement Conforming Changes.
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, 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, 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 hereto, except, in each case, as expressly
required pursuant to this Section 1.6.

 

 

 

 

    	 	8	 

     

    

 

(e)              
Unavailability of Tenor of Benchmark. At any time (including in connection with the implementation of a Benchmark Replacement),
(i) if the then-current Benchmark is a term rate (including Term SOFR or USD LIBOR), then the Administrative Agent may remove any tenor
of such Benchmark that is unavailable or non-representative for Benchmark (including Benchmark Replacement) settings and (ii) the Administrative
Agent may reinstate any such previously removed tenor for Benchmark (including Benchmark Replacement) settings.

 

1.7             
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), including but not limited to the Delaware Limited Liability
Company Act: (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.

 

1.8       Cashless
Settlement. Notwithstanding anything to the contrary contained in this Agreement or any other Loan Document, any Lender may exchange,
continue or rollover all or a portion of its Loans or Commitments in connection with any refinancing, extension, renewal, loan modification
or similar transaction permitted by the terms of this Agreement, pursuant to a cashless settlement mechanism approved by the Borrower,
Administrative Agent and such Lender.

 

ARTICLE
II

AMOUNT AND TERMS OF CREDIT

 

2.1             
Credit Facilities.

 

(a)              
Revolving Credit Facility.

 

(i)                 Subject
to the terms and conditions expressly set forth herein, each Revolving Lender agrees to make available to the Borrower from time to
time on and following the Effective Date until the Commitment Termination Date such Revolving Lender’s Pro Rata Share of
advances under the Revolving Loan Commitment (each, an “Advance”); provided that on each date that an
Advance is made, the Borrower shall repay all Swingline Loans then outstanding. The Pro Rata Share of the Revolving Loan of any
Revolving Lender shall not at any time exceed its separate Revolving Loan Commitment. The obligations of each Revolving Lender
hereunder shall be several and not joint. The aggregate amount of Advances outstanding shall not exceed at any time the Maximum
Amount less the sum of the Letter
of Credit Obligations outstanding at

 

 

 

 

    	 	9	 

     

    

 

 

 

 such time (such aggregate amount of Advances permitted to be outstanding at any one time, the “Borrowing
Availability”). Until the Commitment Termination Date, the Borrower may from time to time borrow, repay and, subject to Borrowing
Availability, reborrow under this Section 2.1(a) for the purposes described in Section 2.4. Each Advance shall be made on
notice by the Borrower to Administrative Agent at the address specified herein. Such notices must be given no later than (a) in the case
of an Alternate Base Rate Loan borrowing, 10:00 a.m. New York time one Business Day prior to the proposed date of such borrowing of a
requested Alternate Base Rate Loan, and (b) in the case of a Eurodollar Loan borrowing, 12:00 noon New York time at least three (3) Business
Days prior to the proposed date of such borrowing. Each such notice (a “Notice of Advance”) must be given in writing
(by telecopy, electronic means, including by email and pdf attachment of such Notice of Advance, or overnight courier) substantially in
the form of Exhibit 2.1(a)(i) and shall include the information required in such Exhibit. If the Borrower desires to have the Advances
bear interest by reference to a Eurodollar Rate, Borrower must comply with Section 2.5(e) unless otherwise waived by the Administrative
Agent. The Administrative Agent shall notify each Revolving Lender promptly after receipt of a Notice of Advance of the details thereof
by telecopy, electronic means or other similar form of transmission. Each Revolving Lender shall, severally and not jointly, make the
amount of such Lender’s Pro Rata Share of each Advance available to the Administrative Agent in same day funds by wire transfer
to the Administrative Agent’s Account not later than 12:00 noon New York time on the borrowing date set forth on the Notice of Advance
so that the Administrative Agent may make such Advance available to the Borrower in same day funds by wire transfer to the Borrower’s
account set forth on the Notice of Advance.

 

(ii)             
The Administrative Agent may, but shall not be obligated to, make available to the Borrower the aggregate Advance requested in
any Notice of Advance on the assumption that each Revolving Lender will make its Pro Rata Share of such Advance available to the Administrative
Agent. If the Administrative Agent elects to make any Revolving Lender’s Pro Rata Share of a requested Advance available to the
Borrower, prior to the Administrative Agent’s receipt of funds from such Revolving Lender, and if such Revolving Lender fails to
pay the amount of its Pro Rata Share of such Advance to the Administrative Agent as required hereunder, the Administrative Agent shall
promptly notify the Borrower, and the Borrower shall, promptly following receipt of such notice, repay such portion of such Advance to
the Administrative Agent. Any such repayment shall be accompanied by accrued interest thereon at the rate of interest then applicable
to Advances that are Alternate Base Rate Loans. Without duplication of the foregoing, the Revolving Lender whose Pro Rata Share of a requested
Advance was disbursed to the Borrower by the Administrative Agent prior to the Administrative Agent’s receipt of funds from such
Revolving Lender, shall promptly make its Pro Rata Share of such Advance available to the Administrative Agent, and if any Revolving Lender
fails to make such amount available to the Administrative Agent by the time required hereunder, the Administrative Agent shall promptly
notify such Revolving Lender, and such Revolving Lender shall, promptly following receipt of such notice, pay such amount together with
accrued interest thereon at the rate of interest then applicable to Advances that are Alternate Base Rate Loans. If the Borrower and such
Revolving Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall
promptly remit to the Borrower the amount of such interest paid by the Borrower for such period. Nothing in this Section 2.1(a) or elsewhere
in this Agreement or the other Loan Documents shall be deemed to prejudice any rights that the Borrower may have against a Revolving Lender
as a result of any failure by that Revolving Lender to fund any portion of its Loans as required under this Agreement.

 

 

 

 

    	 	10	 

     

    

 

(iii)           
The entire unpaid balance of the aggregate Revolving Loan and all other Revolver Obligations (other than contingent indemnification
obligations that survive the termination of this Agreement) shall be due and payable in full on the earlier of (x) the date set forth
in clause (a) of the definition of Commitment Termination Date and (y) the date of acceleration of the Revolver Obligations pursuant to
Section 9.2, if not sooner paid in full in accordance with the terms of the Loan Documents (without limiting the Borrower’s
obligation to timely make all payments required under the terms of the Loan Documents).

 

(iv)            
Each Advance shall be in a minimum amount of $500,000 or any greater multiple of $100,000.

 

(b)              
Initial Term Loan.

 

(i)                
Subject to the terms and conditions expressly set forth herein, on the Effective Date, each Term Loan Lender agrees, severally
and not jointly, to make a Term Loan to the Borrower in an original principal amount not to exceed such Term Loan Lender’s Pro Rata
Share of the Initial Term Loan Commitment. Amounts paid or prepaid in respect of the Initial Term Loan may not be reborrowed. The Initial
Term Loan shall be made on notice by the Borrower to the Administrative Agent at the address specified herein. Such notice must be given
at least one (1) Business Day prior to the Effective Date (it being agreed and understood that any such notice may be conditioned upon
the occurrence of an event and revocable in the event such event will or does not occur). Such notice (a “Notice of Term Loan”)
must be given in writing (by telecopy, electronic means, including by email and pdf attachment of such Notice of Term Loan, or overnight
courier) substantially in the form of Exhibit 2.1(b)(i).

 

(ii)             
The Initial Term Loan shall be repaid in consecutive quarterly installments of $1,812,500 on the last day of each March, June,
September and December, commencing with September 30, 2021, (as such payments may be reduced from time to time as a result of the application
of prepayments and repurchases in accordance with Section 2.3).

 

(iii)           
Notwithstanding the foregoing clause (ii), the entire unpaid balance of the aggregate Initial Term Loan and all other Term Loan
Obligations (other than contingent indemnification obligations that survive the termination of this Agreement) shall be due and payable
in full on the Term Loan Maturity Date, if not sooner paid in full in accordance with the terms of the Loan Documents (without limiting
Borrower’s obligation to timely make all payments required under the terms of the Loan Documents).

 

 

 

 

 

 

 

 

    	 	11	 

     

    

 

 

 

(c)              
[Reserved].

 

(d)              
Incremental Facilities.

 

(i)                
Incremental Commitments. The Borrower may at any time or from time to time after the Effective Date, by notice to
the Administrative Agent (an “Incremental Request”), request to establish (A) (1) one or more new commitments under
any then-existing tranche of Term Loans (a “Term Loan Increase”) and/or (2) one or more additional tranches of term
loans (an “Incremental Term Facility” and, collectively with any Term Loan Increase, “Incremental Term Commitments”)
under this Agreement and/or (B) (1) one or more increases in the amount of the Revolving Loan Commitments (a “Revolving Commitment
Increase”) and/or (2) one or more new revolving credit commitments (a “New Revolving Credit Commitment” and,
collectively with any Revolving Commitment Increases, “Incremental Revolving Loan Commitments” and, collectively with
any Incremental Term Facility, “Incremental Facilities”); Incremental Revolving Loan Commitments, collectively with
any Incremental Term Commitments, “Incremental Commitments”).

 

(ii)             
Incremental Loans. On any Incremental Facility Effective Date on which any Incremental Term Commitments of any Class are
effected (including through any Term Loan Increase), subject to satisfaction or waiver of the conditions expressly set forth in Section
2.1(d)(iv), (A) each Incremental Term Loan Lender of such Class shall make a Loan to the Borrower (an “Incremental Term Loan”)
in an amount equal to its Incremental Term Commitment in respect of such Class and (B) each Incremental Term Loan Lender of such Class
shall become a Lender hereunder with respect to the Incremental Term Commitment of such Class and the Incremental Term Loans of such Class
made pursuant thereto. Any Incremental Term Facility shall be designated as a separate Class of Incremental Term Loans for all purposes
of this Agreement. On any Incremental Facility Effective Date on which any Incremental Revolving Loan Commitments are effected, subject
to satisfaction or waiver of the conditions expressly set forth in Section 2.1(d)(iv), (A) each Incremental Revolving Credit Lender
shall make its Commitment available to the Borrower (when borrowed, an “Incremental Revolving Loan” and collectively
with any Incremental Term Loan, “Incremental Loans”) in an amount equal to its Revolving Commitment Increase or New
Revolving Credit Commitment, as applicable, and (B) each Incremental Revolving Credit Lender shall become a Lender hereunder with respect
to the Revolving Commitment Increase or the New Revolving Credit Commitment, as applicable, and the Incremental Revolving Loans made pursuant
thereto.

 

(iii)            Incremental
Request. Each Incremental Request from the Borrower pursuant to this Section 2.1(d) shall set forth the requested amount
and proposed terms of the relevant Incremental Commitments. Incremental Term Loans may be made, and Incremental Revolving Loan
Commitments may be provided, by any existing Lender (but, unless otherwise agreed in writing, no existing Lender will have any obligation
to provide any Incremental 

 

 

 

 

    	 	12	 

     

    

 

 

 

 Commitment and the
Borrower will not have any obligation to approach any existing Lender to request any Incremental Commitment) or by any other bank or
other financial institution (any such other bank or other financial institution, an “Additional Lender”) (each
such existing Lender or Additional Lender providing such Incremental Commitment, an “Incremental Revolving Credit
Lender” or “Incremental Term Loan Lender”, as applicable, and, collectively, “Incremental
Lenders”); provided that the Administrative Agent and each L/C Issuer shall have consented (not to be unreasonably
withheld, conditioned or delayed) to such Additional Lender’s making such Incremental Term Loans, or providing such
Incremental Revolving Loan Commitments, as the case may be, to the extent such consent, if any, would be required under Section
10.1(a) for an assignment of Loans or Revolving Loan Commitments, as applicable, to such Additional Lender.

 

(iv)            
Effectiveness of Incremental Amendment. The effectiveness of any Incremental Amendment, and the Incremental Commitments
established or incurred thereunder, shall be subject to satisfaction or waiver of each of the following conditions (the effective date
of any Incremental Amendment, an “Incremental Facility Effective Date”):

 

(A)            
subject to Section 1.3 in the case of any Incremental Commitments established or incurred in connection with a Limited Condition
Transaction, no Event of Default shall exist after giving effect to such Incremental Commitments;

 

(B)             
the representations and warranties of the Borrower and the other Loan Parties contained in Article IV shall be true and
correct in all material respects as of such Incremental Facility Effective Date (or as of a specific earlier date if such representation
or warranty expressly relates to an earlier date and except for changes therein expressly permitted or expressly contemplated by this
Agreement) (without duplication of any materiality qualifier contained therein);

 

(C)             
each Incremental Term Commitment and each Incremental Revolving Loan Commitment shall be in an aggregate principal amount that
is not less than $5,000,000 and shall be in an increment of $1,000,000 (provided that such amount may be less than $5,000,000 and
such increments may be less than $1,000,000 if such amount represents all remaining availability under the limit set forth in clause (E)
below);

 

(D)            
[reserved]; and

 

(E)             
subject to Section 1.3 in the case of any Incremental Commitments established or incurred in connection with a Limited Condition
Transaction, at the time of and after giving effect to the effectiveness of any proposed Incremental Commitments, the aggregate principal
amount of all Incremental Commitments established or incurred pursuant to this Section 2.1(d), shall not exceed the Incremental
Cap as in effect on such Incremental Facility Effective Date.

 

(v)              
Required Terms. The terms, conditions, provisions and documentation of the Incremental Term Loans and Incremental Term Commitments
or the Incremental Revolving Loans and Incremental Revolving Loan Commitments, as the case may be, of any Class, except as otherwise expressly
set forth herein, shall be as agreed between the Borrower and the applicable Incremental Lenders; provided that:

 

 

 

 

    	 	13	 

     

    

 

 

 

(A)            
any Incremental Term Loans and any New Revolving Credit Commitments, as applicable:

 

(1)              
shall not be guaranteed by any Person other than any Loan Party and shall not be secured by any assets other than the Collateral;

 

(2)              
(x) in the case of any Incremental Term Loans, shall (I) rank pari passu or junior in right of payment with any then-existing
Term Loans, (II) be secured by a Lien on the Collateral on a pari passu basis or a junior basis with respect to any then-existing
Term Loans or be unsecured and (III) to the extent secured or subordinated in right of payment, be subject to customary intercreditor
arrangements reasonably satisfactory to the Administrative Agent, including by entry to an Applicable Intercreditor Agreement, and (y)
in the case of any New Revolving Credit Commitments, shall (I) rank pari passu with any Revolving Loan Commitments in effect after
giving effect to such New Revolving Credit Commitments, (II) be secured by a Lien on the Collateral on a pari passu basis with
respect to any Revolving Loan Commitments in effect after giving effect to such New Revolving Credit Commitments and (III) be subject
to customary intercreditor arrangements reasonably satisfactory to the Administrative Agent, including by entry to an Applicable Intercreditor
Agreement;

 

(3)              
in the case of any Incremental Term Loans, shall (I) mature no earlier than the latest maturity date of any Initial Term Loans
in effect after giving effect to such Incremental Term Loans and (II) have a weighted average life to maturity no shorter than the remaining
weighted average life to maturity of any Initial Term Loans in effect after giving effect to such Incremental Term Loans (without giving
effect to any prepayments that would otherwise modify the weighted average life to maturity of such Initial Term Loans); provided that,
at the option of the Borrower, this clause (A)(3) shall not apply to Incremental Term Loans in an aggregate outstanding principal amount
of up to the Incremental Maturity Carveout as in effect immediately prior to the incurrence of such Incremental Term Loans;

 

(4)              
(x) in the case of any Term Loan Increase, shall be on the same terms (including maturity date and, other than with respect to
original issue discount or upfront fees, interest rates) other than fees, and be pursuant to the same documentation (other than the applicable
Incremental Amendment and any other documentation evidencing such Term Loan Increase), as the applicable Class of then-existing Term Loans
being increased, in each case, as existing at the time of consummation of such Term Loan Increase, and (y) in the case of any Revolving
Commitment Increase, shall be on the same terms (including maturity date and, other than with respect to original issue discount or upfront
fees, interest rates) other than fees, and be pursuant to the same documentation (other than the applicable Incremental Amendment and
any other documentation evidencing such Revolving Commitment Increase), as the applicable Class of then-existing Revolving Loan Commitments
being increased, in each case, as existing at the time of consummation of such Revolving Commitment Increase;

 

 

 

 

    	 	14	 

     

    

 

 

 

(5)              
(x) in the case of any Incremental Term Loans, subject to clause (A)(3) above, shall have amortization determined by the Borrower
and the applicable Incremental Term Loan Lenders, and (y) in the case of any New Revolving Credit Commitment, shall not provide for scheduled
amortization payments or a final scheduled maturity date prior to the then final scheduled maturity date of the Revolving Loan Commitments
in effect after giving effect to such New Revolving Credit Commitment; and

 

(6)              
(x) in the case of any Other Term Loans, (I) may provide for the ability of the Incremental Term Loan Lenders thereunder to participate
on a pro rata basis, a less than pro rata basis or a greater than pro rata basis in any voluntary prepayments of
any then-existing Term Loans and (II) may provide for the ability of the Incremental Term Loan Lenders thereunder to participate on a
pro rata basis or a less than pro rata basis (but not on a greater than pro rata basis) in any mandatory prepayments
of any then-existing Term Loans, in each case, as specified in the applicable Incremental Amendment, and (y) in the case of any New Revolving
Credit Commitment, may provide for the ability of the Incremental Revolving Credit Lenders thereunder to participate on a pro rata
basis or a less than pro rata basis (but not on a greater than pro rata basis) in any mandatory prepayments or commitment
reductions with any then-existing Revolving Loan Commitment or New Revolving Credit Commitment, in each case, as specified in the applicable
Incremental Amendment;

 

(B)             
the interest rate and fees applicable to any Incremental Term Loans shall be as agreed between the Borrower and the applicable
Incremental Lenders; provided that, with respect to any Incremental Term Loans in the form of a syndicated “term loan b”
facility denominated in US dollars and secured by a Lien on the Collateral on a pari passu basis with the Term Loans and incurred
on or prior to the date that is twenty-four (24) months after the Effective Date, if the All-In Yield of any such Incremental Term Loans
exceeds the All-In Yield on the Initial Term Loans (calculated in the same manner and after giving effect to any amendment to interest
rate margins under this Agreement after the Effective Date but immediately prior to the applicable Incremental Facility Effective Date)
by more than 50 basis points, then the Applicable Margin applicable to the Initial Term Loans shall be increased to the extent
necessary so that the All-In Yield on the Initial Term Loans is 50 basis points less than the All-In Yield on such Incremental
Term Loans (it being agreed that any increase in the All-In Yield to the Initial Term Loans required due to the application of a Eurodollar
Rate floor or Alternate Base Rate floor on any Incremental Term Loans shall be effected solely through an increase to (or implementation
of, as applicable) the Eurodollar Rate floor or Alternate Base Rate floor, as applicable, applicable to the Initial Term Loans); provided,
further, that, at the option of the Borrower, this clause (B) shall not apply to (I) Incremental Term Loans in an aggregate outstanding
principal amount of up to the Incremental MFN Carveout as in effect immediately prior to the incurrence of such Incremental Term Loans,
(II) any Incremental Term Loans maturing not less than eight (8) years after the Effective Date or (III) Incremental Term Loans incurred
in connection with any Permitted Acquisition (this clause (B), the “MFN Provision”); and

 

 

 

 

    	 	15	 

     

    

 

 

 

(C)             
except as otherwise required or permitted in clauses (A) and (B) above, all other terms of any Incremental Facility shall be substantially
consistent with any then-existing Term Loans, Revolving Loan Commitment or New Revolving Credit Commitment, as the case may be, or otherwise
reasonably satisfactory to the Administrative Agent (it being understood that (I) terms not substantially consistent with any then-existing
Term Loans or Revolving Loans, as applicable, but which are applicable only after the then final scheduled maturity date of such Term
Loans, Revolving Loan Commitment or New Revolving Credit Commitment, as applicable, shall be deemed satisfactory to the Administrative
Agent, and (II) terms that are more favorable to the Incremental Lenders or the agent in respect of such Incremental Facility than those
contained in this Agreement, but which are conformed (or added) in this Agreement pursuant to an amendment hereto (which, notwithstanding
anything herein to the contrary, shall require only the consent of the Administrative Agent (not to be unreasonably withheld, delayed
or conditioned) and the Borrower) shall be deemed satisfactory to the Administrative Agent).

 

(vi)            
Incremental Amendment. Commitments in respect of Incremental Term Loans and Incremental Revolving Loan Commitments shall
become Commitments (or in the case of an Incremental Revolving Loan Commitment to be provided by an existing Revolving Lender, an increase
in such Lender’s applicable Revolving Loan Commitment) under this Agreement pursuant to an amendment (an “Incremental Amendment”)
to this Agreement and, as appropriate, the other Loan Documents, executed by the Borrower, each Incremental Lender providing such Commitments
and the Administrative Agent. Notwithstanding anything in Section 12.2 to the contrary, the Incremental Amendment may (i) without
the consent of any other Loan Party, the Administrative Agent or any Lender, effect such amendments to this Agreement and the other Loan
Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrower, to effect the provisions
of this Section 2.1(d) and (ii) without the consent of any other Loan Party or any Lender amend this Agreement to increase the
interest rate margin, increase the interest rate floor, increase, extend or add any prepayment premium, increase, extend or add any call
protection or increase the amortization schedule with respect to any existing Class of Term Loans in order to cause any Incremental Term
Loans to be fungible with such existing Class of Term Loans. The Borrower will use the proceeds of the Incremental Term Loans and Incremental
Revolving Loan Commitments as determined by the Borrower and the applicable Incremental Lenders.

 

(e)              
Reliance on Notices. Administrative Agent shall be entitled to rely upon, and shall be fully protected in relying upon,
any Notice of Advance, Notice of Conversion/Continuation or similar notice reasonably believed thereby to be genuine. Administrative Agent
may assume that each Person executing and delivering such a notice was duly authorized, unless the responsible individual acting thereon
for Administrative Agent has knowledge to the contrary.

 

 

 

 

    	 	16	 

     

    

 

 

 

(f)               
Termination of Commitments to Make Incremental Facilities. The Borrower may at any time from time to time on at least five
(5) Business Days’ prior written notice to the Administrative Agent, terminate, in whole or in part, any undrawn commitment for
Incremental Facilities.

 

(g)              
Refinancing Facilities.

 

(i)                
At any time after the Effective Date, the Borrower may obtain, from any Lender or any Additional Lender, Credit Agreement Refinancing
Indebtedness consisting of Refinancing Facilities to refinance all or any portion of the Facilities then outstanding under this Agreement
(which will be deemed to include any then outstanding Incremental Term Loans or Revolving Commitment Increases); provided, that
such Refinancing Facilities (i) will, to the extent permitted by the definition of “Credit Agreement Refinancing Indebtedness”,
be secured on a pari passu, junior lien, unsecured or subordinated basis, (ii) will, to the extent permitted by the definition
of “Credit Agreement Refinancing Indebtedness”, have such pricing, interest rate margins, rate floors, discounts, fees, premiums
and prepayment or redemption provisions and terms as may be agreed by the Borrower and the Lenders thereof and (iii) will, to the extent
in the form of Refinancing Revolving Loans or Refinancing Revolving Loan Commitments, participate in the payment, borrowing, participation
and commitment reduction provisions herein on a pro rata basis with any all Revolving Loans and Revolving Loan Commitments outstanding
after giving effect to such Refinancing Revolving Loans or Refinancing Revolving Loan Commitments.

 

(ii)             
Commitments in respect of Refinancing Facilities shall become Commitments under this Agreement pursuant to an amendment (a “Refinancing
Amendment”) to this Agreement and, as appropriate, the other Loan Documents, executed by Borrower and each lender agreeing to
provide such Commitment, if any, and acknowledged by the Administrative Agent (such acknowledgement not to be unreasonably withheld, delayed
or conditioned). The Refinancing Amendment may, subject to this Section 2.1(g), without the consent of any other Lenders, effect
such amendments to this Agreement and the other Loan Documents as may be necessary, in the reasonable opinion of the Administrative Agent
and the Borrower, to effect the provisions of this Section 2.1(g). In the event any Refinancing Term Loans are made, such Refinancing
Term Loans shall mature and be repaid in amounts and on dates as agreed between the Borrower and the relevant Lenders of such Refinancing
Term Loans in the applicable Refinancing Amendment, subject to the requirements set forth in this Section 2.1(g) and the definition
of “Credit Agreement Refinancing Indebtedness”. Amounts paid or prepaid on account of any Refinancing Term Loans may not be
reborrowed. This Section 2.1(g) shall supersede any provisions in Section 2.3 or Section 12.2 to the contrary.

 

(iii)           
Refinancing Facilities may be made by any bank, financial institution, fund or other investor that is not an individual (any such
bank, financial institution, fund or other investor shall become an Additional Lender); provided that no Lender hereunder shall
be required to participate in any such Refinancing Facilities as an Additional Lender without its consent; provided, further,
that, the Administrative Agent and, if applicable, the L/C Issuer shall have consented (such consent not to be unreasonably withheld or
delayed) to such Additional Lender’s making such Refinancing Term Loans and/or providing such Refinancing Revolving Loan Commitments
if such consent would be required under Section 10.1 for an assignment of Loans or Commitments, as applicable, to such Additional
Lender and, for the avoidance of doubt, no Person shall become an Additional Lender if an assignment to such Person would not be permitted
under Section 10.1.

 

 

 

 

    	 	17	 

     

    

 

 

 

(h)              
Swingline Loans.

 

(i)                
Subject to the terms and conditions set forth herein, the Swingline Lender agrees to make Swingline Loans to the Borrower from
time to time on and following the Effective Date until the Commitment Termination Date, in an aggregate principal amount at any time outstanding
that will not result in (i) the aggregate principal amount of outstanding Swingline Loans exceeding $15,000,000 (the “Swingline
Sublimit”) or (ii) the aggregate Revolving Exposures exceeding the aggregate Revolving Loan Commitments; provided that
the Swingline Lender shall not be required to make a Swingline Loan to refinance an outstanding Swingline Loan. Within the foregoing limits
and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and reborrow Swingline Loans. The Swingline
Sublimit is part of, and not in addition to, the Revolving Loan Commitments.

 

(ii)             
To request a Swingline Loan, the Borrower shall notify the Administrative Agent of such request in writing, not later than 12:00
noon, New York City time, on the day of a proposed Swingline Loan. Each such notice shall be irrevocable and shall specify the requested
date (which shall be a Business Day) and amount of the requested Swingline Loan. The Administrative Agent will promptly advise the Swingline
Lender of any such notice received from the Borrower. The Swingline Lender shall wire each Swingline Loan to the account of the Borrower
(or, in the case of a Swingline Loan made to finance the reimbursement of an Letter of Credit disbursement, by remittance to the applicable
L/C Issuer) by 4:00 p.m., New York City time, on the requested date of such Swingline Loan.

 

(iii)           
Immediately upon the making of a Swingline Loan, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally
agrees to, purchase from the Swingline Lender a risk participation in such Swingline Loan in an amount equal to the product of such Revolving
Lender’s Pro Rata Share times the amount of such Swingline Loan. The Swingline Lender at any time in its sole and absolute
discretion may request, on behalf of the Borrower (which hereby irrevocably authorizes the Swingline Lender to so request on its behalf),
that each Revolving Lender make an Alternate Base Rate Revolving Loan in an amount equal to such Revolving Lender’s Pro Rata Share
of the amount of Swingline Loans then outstanding. Such request shall be made in writing and in accordance with the requirements of Sections
2.1(a) as if such Borrowing was an Advance, without regard to the Borrowing minimum and Borrowing multiples, but subject to the unutilized
portion of the Revolving Loan Commitments and the conditions set forth in Section 3.2. Each Revolving Lender shall make an amount equal
to its Pro Rata Share of the amount specified in such Notice of Advance available to the Administrative Agent in same day funds for the
account of the Swingline Lender at the Administrative Agent’s office not later than 1:00 p.m., New York City time, on the day specified
in such written request, whereupon, subject to Section 2.1(h)(iv), each Revolving Lender that so makes funds available shall be deemed
to have made an Alternate Base Rate Revolving Loan to the Borrower in such amount. The Administrative Agent shall remit the funds so received
to the Swingline Lender.

 

 

 

 

    	 	18	 

     

    

 

 

 

(iv)            
If for any reason any Swingline Loan cannot be refinanced by such an Alternate Base Rate Revolving Loan in accordance with Section
2.1(h)(iii), the request for an Alternate Base Rate Revolving Loan Advance submitted by the Swingline Lender as set forth herein shall
automatically be deemed to be made to the Revolving Lenders to fund their risk participations in the Swingline Loans. Each Revolving Lender
hereby irrevocably and unconditionally agrees to, fund in cash their respective participations in the Swingline Loans on such Business
Day in all or a portion of the Swingline Loans outstanding. Such notice shall specify the aggregate amount of Swingline Loans in which
Revolving Lenders will participate. Promptly upon receipt of such notice, the Administrative Agent will give notice thereof to each Revolving
Lender, specifying in such notice such Lender’s Pro Rata Share of such Swingline Loan or Swingline Loans. Each Revolving Lender
hereby absolutely and unconditionally agrees, upon receipt of notice as provided above, to pay to the Administrative Agent, for the account
of the Swingline Lender, such Lender’s Pro Rata Share of such Swingline Loan or Swingline Loans. Each Revolving Lender acknowledges
and agrees that its obligation to acquire participations in Swingline Loans pursuant to this paragraph is absolute and unconditional and
shall not be affected by any circumstance whatsoever, including the occurrence and continuance of a Default or reduction or termination
of the Revolving Loan Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever.
Each Revolving Lender shall comply with its obligation under this paragraph by wire transfer of immediately available funds, and the Administrative
Agent shall promptly pay to the Swingline Lender the amounts so received by it from the Revolving Lenders. The Administrative Agent shall
notify the Borrower of any participations in any Swingline Loan acquired pursuant to this paragraph, and thereafter payments in respect
of such Swingline Loan shall be made to the Administrative Agent and not to the Swingline Lender. Any amounts received by the Swingline
Lender from the Borrower (or other party on behalf of the Borrower) in respect of a Swingline Loan after receipt by the Swingline Lender
of the proceeds of a sale of participations therein shall be promptly remitted to the Administrative Agent; any such amounts received
by the Administrative Agent shall be promptly remitted by the Administrative Agent to the Revolving Lenders that shall have made their
payments pursuant to this paragraph and to the Swingline Lender, as their interests may appear; provided that any such payment
so remitted shall be repaid to the Swingline Lender or to the Administrative Agent, as applicable, if and to the extent such payment is
required to be refunded to the Borrower for any reason.

 

 

 

 

 

    	 	19	 

     

    

 

 

 

2.2             
Letters of Credit.

 

(a)              
Issuance. Subject to the terms and conditions of this Agreement, the Revolving Loan Commitment may be used, from time to
time on and following the Effective Date and prior to the Commitment Termination Date (provided that Letters of Credit may only
be issued on the Effective Date to replace or provide credit support for any existing letters of credit (including grandfathering Existing
Letters of Credit into Revolving Loans)), upon the request of Borrower, for the incurrence of Letter of Credit Obligations, by Administrative
Agent causing, whether through the issuance by Administrative Agent or any of its Affiliates of support agreements, reimbursement agreements,
guarantees or otherwise, Letters of Credit to be issued by the L/C Issuers for the Borrower’s or its Restricted Subsidiary’s
account; provided that any Letter of Credit issued for the account of any Restricted Subsidiary shall have the Borrower
as a co-applicant; provided further that none of the Joint Lead Arrangers, nor any of their respective affiliates, that
are L/C Issuers shall be required to issue anything other than standby Letters of Credit. The Borrower may at any time, and from time
to time, designate one or more additional Revolving Lenders to act as an L/C Issuer under this Agreement with the consent of the Administrative
Agent (which consent shall not be unreasonably withheld) and such Revolving Lender. Any Revolving Lender designated as an L/C Issuer pursuant
to this Section 2.2(a) shall be deemed to be and shall have all the rights and obligations of a “L/C Issuer” hereunder.
Each Revolving Lender shall, subject to the terms and conditions hereinafter set forth and based upon its Pro Rata Share relating to the
Revolving Loan Commitments, purchase (and be deemed to have purchased) risk participations in all Letters of Credit Obligations incurred
with the written consent of Administrative Agent, as more fully described in Section 2.2(b)(ii) below. No L/C Issuer shall be required
to issue Letters of Credit on or after the Effective Date in excess of its L/C Commitment. The aggregate amount of all such Letter of
Credit Obligations shall not at any time exceed the least of (i) $15,000,000 (the “L/C Sublimit”) and (ii) (A)
the Maximum Amount less (B) the aggregate outstanding principal balance of the Advances. No such Letter of Credit shall be issued
in a stated face amount of less than $100,000 (unless consented to otherwise in writing by Administrative Agent in its sole discretion)
and no such Letter of Credit shall have an expiry date which is more than one year following the date of issuance thereof (provided,
that such Letters of Credit may provide for one or more extensions thereof up to 12 months, whether automatic or by action of the applicant
thereto), and no Revolving Lender shall be under any obligation to incur Letter of Credit Obligations in respect of, or purchase risk
participations in, any Letter of Credit having an expiry date which is later than five (5) days prior to the Commitment Termination Date
unless cash collateralized in accordance with Section 2.2(c) below or backstopped with another letter of credit for the period
after the Commitment Termination Date, in each case, on terms acceptable to the L/C Issuer.

 

(b)              
Advances Automatic; Participations.

 

(i)                
In the event that Administrative Agent or any Revolving Lender shall make any payment to an L/C Issuer on or pursuant to any Letter
of Credit Obligation, such payment shall then be deemed automatically to constitute an Advance to the Borrower under Section 2.1(a)
regardless of whether a Default or Event of Default shall have occurred and be continuing and notwithstanding the Borrower’s failure
to satisfy the conditions precedent set forth in Article III, and each Revolving Lender shall be obligated to pay its Pro Rata
Share thereof in accordance with this Agreement. The failure of any Revolving Lender to make available to Administrative Agent its Pro
Rata Share of any such Advance or payment by Administrative Agent under or in respect of a Letter of Credit shall not relieve any other
Revolving Lender of its obligation hereunder to make available to Administrative Agent its Pro Rata Share thereof, but no Revolving Lender
shall be responsible for the failure of any other Revolving Lender to make available such other Revolving Lender’s Pro Rata Share
of any such payment.

 

 

 

 

    	 	20	 

     

    

 

 

 

(ii)             
If the L/C Issuer is a Revolving Lender or if it shall be illegal or unlawful for Borrower to incur Advances as contemplated by
Section 2.2(b)(i) above because of an Event of Default described in Section 9.1(h) or (i) or otherwise or if it shall
be illegal or unlawful for any Revolving Lender to be deemed to have assumed a ratable share of the reimbursement obligations owed with
respect to any Letter of Credit Obligation, then (A) immediately and without further action whatsoever, each Revolving Lender shall be
deemed to have irrevocably and unconditionally purchased from Administrative Agent (or such L/C Issuer, as the case may be) an undivided
interest and participation equal to such Revolving Lender’s Pro Rata Share (based on the Revolving Loan Commitments) of the Letter
of Credit Obligations in respect of all Letters of Credit then outstanding and (B) thereafter, immediately upon issuance of any Letter
of Credit, each Revolving Lender shall be deemed to have irrevocably and unconditionally purchased from Administrative Agent (or such
L/C Issuer, as the case may be) an undivided interest and participation in such Revolving Lender’s Pro Rata Share (based on the
Revolving Loan Commitments) of the Letter of Credit Obligations with respect to such Letter of Credit on the date of such issuance. Each
Revolving Lender shall fund its participation in all payments or disbursements made under the Letters of Credit in the same manner as
provided in this Agreement with respect to Advances.

 

(c)              
Cash Collateral.

 

(i)                
If Borrower is required to provide cash collateral for any Letter of Credit Obligations pursuant to this Agreement, Borrower will
pay to Administrative Agent, for the benefit of Secured Parties, cash or Cash Equivalents in an amount equal to one hundred three percent
(103%) of the aggregate of the maximum amount then available to be drawn under each applicable Letter of Credit outstanding for the benefit
of the Borrower plus expected Letter of Credit Fees to be earned thereon. Such funds or Cash Equivalents shall be held by Administrative
Agent in a cash collateral account (the “Cash Collateral Account”) maintained at a bank or financial institution acceptable
to Administrative Agent in its reasonable judgment (including an account at the Administrative Agent if the Administrative Agent is a
bank or other financial institution capable of maintaining deposits). The Cash Collateral Account shall be (i) in the name of the Borrower,
and shall be pledged to, and subject to the control of, Administrative Agent, for the benefit of the Secured Parties, in a manner satisfactory
to Administrative Agent or (ii) if elected by Administrative Agent in its sole discretion, in the name of and owned by Administrative
Agent, subject to the exclusive control of Administrative Agent, for the benefit of the Secured Parties. The Borrower hereby pledges and
grants to Administrative Agent, on behalf of the Secured Parties, a security interest in all such funds and Cash Equivalents held in the
Cash Collateral Account from time to time and all proceeds thereof, as security for the payment of all amounts due in respect of the Letter
of Credit Obligations and other Obligations, whether or not then due, and this Agreement shall constitute a security agreement under applicable
Law for this purpose.

 

 

 

 

    	 	21	 

     

    

 

 

 

(ii)             
If any Letter of Credit Obligations, whether or not then due and payable, shall for any reason be outstanding on the Commitment
Termination Date, Borrower shall, as required by Administrative Agent, either (A) provide cash collateral therefor in the manner described
above, (B) cause all such Letters of Credit and guaranties and other support thereof to be canceled and returned, or (C) deliver a stand-by
letter (or letters) of credit in guaranty of such Letter of Credit Obligations, which stand-by letter (or letters) of credit shall be
of like tenor and duration as, and in an amount equal to one hundred three percent (103%) of the aggregate of the maximum amount then
available to be drawn under, the Letters of Credit to which such outstanding Letter of Credit Obligations relate plus expected
Letter of Credit Fees to be earned thereon and shall be issued by a Person, and shall be subject to such terms and conditions, as are
satisfactory to Administrative Agent in its sole discretion.

 

(iii)           
From time to time after funds are deposited in the Cash Collateral Account by Borrower, whether before or after the Commitment
Termination Date, Administrative Agent may apply such funds or Cash Equivalents then held in the Cash Collateral Account to the payment
of any amounts, in such order as Administrative Agent may elect, as shall be or shall become due and payable by Borrower to Lenders with
respect to such Letter of Credit Obligations of Borrower and, upon the satisfaction in full of all Letter of Credit Obligations of Borrower,
any such remaining funds shall be returned to the Borrower unless an Event of Default is in existence at such time, in which case such
funds shall be applied to any other Obligations of Borrower then due and payable in the order set forth in Section 2.8.

 

(iv)            
Neither Borrower nor any Person claiming on behalf of or through Borrower shall have any right to withdraw any of the funds or
Cash Equivalents held in the Cash Collateral Account, except that upon the termination of all Letter of Credit Obligations and the payment
of all amounts payable by Borrower to Lenders in respect thereof, any funds remaining in the Cash Collateral Account shall be returned
to the Borrower unless an Event of Default is in existence at such time, in which case such funds shall be applied to other Obligations
when due and owing in the order set forth in Section 2.8 and, if the Termination Date shall have occurred, any remaining amount
shall be paid to Borrower or as otherwise required by Law.

 

(d)              
Fees and Expenses. Borrower agrees to pay to Administrative Agent, for the benefit of Revolving Lenders, as compensation
to such Lenders for Letter of Credit Obligations incurred hereunder, (i) all reasonable and documented out-of-pocket costs and expenses
Administrative Agent or any Revolving Lender is required hereunder to reimburse any L/C Issuer in respect of any Letter of Credit and
all other reasonable and documented out-of-pocket costs and expenses incurred by Administrative Agent or any Revolving Lender on account
of such Letter of Credit Obligations, and (ii) for each Fiscal Quarter during which any Letter of Credit Obligation shall remain outstanding,
a fee (the “Letter of Credit Fee”) in an amount equal 

 

 

 

 

    	 	22	 

     

    

 

 

 

to(A) a per annum rate equal to
the Applicable Margin in effect for Revolving Loans that are Eurodollar Loans during such Fiscal Quarter multiplied by (B) the
daily amount available from time to time to be drawn under the applicable Letter of Credit. Such fee shall be paid to Administrative
Agent, for the benefit of the Revolving Lenders, in arrears, on the last Business Day of each Fiscal Quarter and upon the occurrence
of the Termination Date. In addition, Borrower shall pay to any L/C Issuer, on demand, such customary fees (other than Letter of Credit
Fees), charges and unreimbursed out-of-pocket expenses of such L/C Issuer in respect of the issuance, negotiation, acceptance, amendment,
transfer and payment of such Letter of Credit or otherwise payable pursuant to the application and related documentation under which
such Letter of Credit is issued. The Borrower shall pay to each L/C Issuer until the expiration or cancellation of all outstanding Letters
of Credit issued by it, for its own account, a fronting fee equal to 0.125% per annum times the daily amount available from time
to time to be drawn under the applicable Letter of Credits payable (A) on a quarterly basis in arrears on the last Business Day of each
Fiscal Quarter, and (B) on the Commitment Termination Date, in each case on the basis of the actual number of days elapsed over a 360-day
year.

 

(e)              
Request for Incurrence of Letter of Credit Obligations. Borrower shall give Administrative Agent at least five (5) Business
Days’ (or such lesser period agreed to by Administrative Agent in its sole discretion) prior written notice requesting the incurrence
of any Letter of Credit Obligation, specifying the date such Letter of Credit Obligation is to be incurred, identifying the beneficiary
to which such Letter of Credit Obligation relates and describing the nature of the transactions proposed to be supported thereby. The
notice shall be accompanied by the form of the requested Letter of Credit (which shall be acceptable to the L/C Issuer in its reasonable
judgment) and a completed L/C Application. Notwithstanding anything contained herein to the contrary, L/C Applications by Borrower and
approvals by Administrative Agent may be made and transmitted pursuant to electronic codes and security measures mutually agreed upon
and established by and among Borrower, Administrative Agent and the L/C Issuer.

 

(f)               
Obligation Absolute. Except as otherwise set forth herein, the obligation of Borrower to reimburse Administrative Agent,
Revolving Lenders and the applicable L/C Issuer for payments made with respect to any Letter of Credit Obligation shall be absolute, unconditional
and irrevocable, without necessity of presentment, demand, protest or other formalities, and the obligations of each Revolving Lender
to make payments to Administrative Agent or the L/C Issuer with respect to Letters of Credit shall be unconditional and irrevocable. Such
obligations of Borrower and Revolving Lenders shall be paid strictly in accordance with the terms hereof under all circumstances including
the following circumstances:

 

(i)                
any lack of validity or enforceability of any Letter of Credit or this Agreement or the other Loan Documents or any other agreement;

 

(ii)             
the existence of any claim, set-off, defense or other right which the Borrower or any of its Affiliates or any Revolving Lender
may at any time have against a beneficiary or any transferee of any Letter of Credit (or any Persons or entities for whom any such transferee
may be acting), Administrative Agent, any Revolving Lender, L/C Issuer, or any other Person, whether in connection with this Agreement,
the Letter of Credit, the transactions contemplated herein or therein or any unrelated transaction (including any underlying transaction
between the Borrower or any of its Affiliates and the beneficiary for which the Letter of Credit was procured);

 

 

 

 

    	 	23	 

     

    

 

 

 

(iii)           
any draft, demand, certificate or any other document presented under any Letter of Credit proving to be forged, fraudulent, invalid
or insufficient in any respect or any statement therein being untrue or inaccurate in any respect;

 

(iv)            
payment by Administrative Agent or any L/C Issuer under any Letter of Credit or guaranty or other support thereof against presentation
of a demand, draft or certificate or other document which does not comply with the terms of such Letter of Credit or such guaranty or
other support, except as set forth in the proviso to clause (iii) of the second paragraph of Section 2.2(g) below;

 

(v)              
any other circumstance or happening whatsoever, which is similar to any of the foregoing; or

 

(vi)            
the fact that a Default or an Event of Default shall have occurred and be continuing.

 

(g)              
Indemnification; Nature of Lenders’ Duties. In addition to amounts payable as elsewhere provided in this Agreement,
Borrower hereby agrees to pay and to protect, indemnify, and save harmless Administrative Agent, each Revolving Lender and each L/C Issuer
from and against any and all claims, demands, liabilities, damages, losses, costs, charges and expenses (limited, in the case of legal
fees, costs and expenses, to the reasonable and documented out-of-pocket attorneys’ fees, costs and expenses of one counsel to the
Administrative Agent, the Revolving Lenders and the L/C Issuers, taken as a whole (and, in the case of an actual conflict of interest,
one additional counsel to all such Persons, taken as a whole, and to the extent reasonably necessary, one local counsel in each relevant
jurisdiction to all such Persons taken as a whole)) and, for the avoidance of doubt, any and all claims, demands, liabilities, damages,
losses, costs, charges and expenses (limited, in the case of legal fees, costs and expenses, to the reasonable and documented out-of-pocket
attorneys’ fees, costs and expenses, limited to one counsel to the Administrative Agent, the Revolving Lenders and the L/C Issuers,
taken as a whole (and, in the case of an actual conflict of interest, one additional counsel to all such Persons, taken as a whole, and
to the extent reasonably necessary one local counsel in each relevant jurisdiction to all such Persons, taken as a whole)) arising in
connection with any claim, investigation, litigation or proceeding brought against Administrative Agent, a Revolving Lender or an L/C
Issuer by a Loan Party or any of its Restricted Subsidiaries or any other Person which Administrative Agent, any Revolving Lender or any
L/C Issuer may incur or be subject to as a consequence, direct or indirect, of (i) the issuance of any Letter of Credit or guaranty or
other support thereof, or (ii) the failure of Administrative Agent, any Revolving Lender or of any L/C Issuer to honor a demand for payment
under any Letter of Credit or guaranty or other support thereof as a result of any act or omission, whether rightful or wrongful, of any
present or future de jure or de facto government or Governmental Authority, in each case other than to the extent resulting from the gross
negligence or willful misconduct of Administrative Agent, a Revolving Lender or a L/C Issuer (as finally determined by a court of competent
jurisdiction), as applicable. The obligations of Borrower under this Section 2.2(g) shall be deemed to constitute Guaranteed Indebtedness.

 

 

 

 

    	 	24	 

     

    

 

 

 

As between Administrative Agent, any Revolving
Lender, any L/C Issuer and the Borrower, Borrower shall assume all risks of the acts and omissions of, or misuse of any Letter of Credit
by beneficiaries of any Letter of Credit. In furtherance and not in limitation of the foregoing, to the fullest extent permitted by Law
none of Administrative Agent, any Revolving Lender or L/C Issuer shall be responsible: (i) for the form, validity, sufficiency, accuracy,
genuineness or legal effect of any document issued by any party in connection with the application for and issuance of any Letter of Credit,
even if it should in fact prove to be in any or all respects invalid, insufficient, inaccurate, fraudulent or forged; (ii) for the validity
or sufficiency of any instrument transferring or assigning or purporting to transfer or assign any Letter of Credit or the rights or benefits
thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason; (iii) for failure of
the beneficiary of any Letter of Credit to comply fully with conditions required in order to demand payment under such Letter of Credit;
provided that in the case of any payment by Administrative Agent or the L/C Issuer under any Letter of Credit or guaranty or other
support thereof, Administrative Agent or such L/C Issuer shall be liable to the extent such payment was made solely as a result of its
gross negligence or willful misconduct (as finally determined by a court of competent jurisdiction) in determining that the demand for
payment under such Letter of Credit or guaranty or other support thereof complies on its face with any applicable requirements for a demand
for payment under such Letter of Credit or guaranty or other support thereof; (iv) for errors, omissions, interruptions or delays in transmission
or delivery of any messages, by mail, cable, telegraph, telex or otherwise, whether or not they be in cipher; (v) for errors in interpretation
of technical terms; (vi) for any loss or delay in the transmission or otherwise of any document required in order to make a payment under
any Letter of Credit or guaranty or other support thereof or of the proceeds thereof; (vii) for the credit of the proceeds of any drawing
under any Letter of Credit or guaranty or other support thereof; and (viii) for any consequences arising from causes beyond the control
of Administrative Agent, any Revolving Lender or any L/C Issuer. None of the above shall affect, impair, or prevent the vesting of any
of Administrative Agent’s, any Revolving Lender’s or any L/C Issuer’s rights or powers under this Agreement.

 

Nothing contained herein shall be deemed to limit
or to expand any waivers, covenants or indemnities made by the Borrower in favor of any L/C Issuer in any L/C Application, reimbursement
agreement or similar document, instrument or agreement between or among the Borrower and such L/C Issuer.

 

(h)              
Drawings and Reimbursements; Funding of Participations.

 

(i)                
Notwithstanding anything to the contrary contained herein, upon receipt from the beneficiary of any Letter of Credit of any notice
of a drawing under such Letter of Credit, the L/C Issuer shall notify the Borrower and the Administrative Agent thereof. Following Borrower’s
receipt of such notice by the L/C Issuer and not later than 12:00 noon New York time on the Business Day following the date of any payment
by the L/C Issuer with respect to a Letter of Credit drawing (each such date, an “L/C Honor Date”), the Borrower shall
reimburse the L/C Issuer through the Administrative Agent in an amount equal to the amount of such drawing. If the Borrower fails to so
reimburse the L/C Issuer by such time, the Administrative Agent shall promptly notify each Revolving Lender of the L/C Honor Date, the
amount of the unreimbursed drawing (the “Unreimbursed Amount”), and such Revolving Lender’s Pro Rata Share thereof.
In such event, the Borrower shall be deemed to have requested a borrowing of an Advance that is an Alternate Base Rate Loan to be disbursed
on the L/C Honor Date in an amount equal to the Unreimbursed Amount, regardless of whether a Default or Event of Default shall have occurred
and be continuing and notwithstanding the Borrower’s failure to satisfy the conditions precedent set forth in Article III.

 

 

 

 

    	 	25	 

     

    

 

 

 

(ii)             
Each Revolving Lender shall upon any notice pursuant to Section 2.2(h) wire transfer funds to the Administrative Agent’s
Account, for the benefit of the Administrative Agent on account of the L/C Issuer, in an amount equal to its Pro Rata Share of the Unreimbursed
Amount not later than 2:00 p.m. New York time on the first Business Day following such notice or such later date specified in such notice
by the Administrative Agent, whereupon, each Revolving Lender that so makes funds available shall be deemed to have made an Advance that
is an Alternate Base Rate Loan to the Borrower in such amount. The Administrative Agent shall remit the funds so received to the L/C Issuer.

 

(i)                
Defaulting Lenders. Notwithstanding anything to the contrary contained in this Agreement, in the event that there is a Defaulting
Lender having any portion of the Revolving Loan Commitment, L/C Issuer shall not be required to issue any Letter of Credit, or increase
or extend or otherwise amend any Letter of Credit, unless (i) the Letter of Credit Obligations of such Defaulting Lender have been reallocated
to other Revolving Lenders in a manner consistent with Section 10.9(c)(ii) or (ii) if the reallocation described in the immediately
preceding clause (i) cannot be accomplished in accordance with Section 10.9(c)(ii), Borrower provides cash collateral to Administrative
Agent to hold on behalf of Borrower, on terms and conditions reasonably satisfactory to L/C Issuer and Administrative Agent, in an amount
equal to such Defaulting Lender’s Pro Rata Share, as applicable, in any Letter of Credit.

 

(j)                
Reporting. Not later than the third Business Day following the last day of each month and at each issuance of a Letter of
Credit (or at such other intervals as the Administrative Agent and the applicable L/C Issuer shall agree), each L/C Issuer shall provide
to the Administrative Agent a schedule of the Letters of Credit issued by it, in form and substance reasonably satisfactory to the Administrative
Agent, showing the date of issuance of each Letter of Credit, the account party, the original face amount (if any), the expiration date,
and the reference number of any Letter of Credit outstanding at any time during such month, and showing the aggregate amount (if any)
payable by the Borrower to such L/C Issuer during such month.

 

2.3             
Prepayments.

 

(a)              
Voluntary Prepayments. The Borrower may at any time and from time to time (i) on prior written notice to the Administrative
Agent no later than (x) in the case of any prepayment of Eurodollar Loans, three (3) Business Days prior to the applicable prepayment
date, and (y) in the case of any prepayment of Alternate Base Rate Loans, 10:00 a.m. New York time on the applicable prepayment date,
voluntarily prepay all or part of the Advances or Term Loans and subject to any amounts payable pursuant to Section 2.3(g) and,
in the case of Eurodollar Loans prepaid prior to the last day of the relevant Interest Period, reimbursement of redeployment costs (other
than loss of profits) in accordance with Section 2.10 and (ii) on at least three (3) days’ 

 

 

 

 

    	 	26	 

     

    

 

 

 

prior written notice to
Administrative Agent, permanently reduce in part (but not terminate except in accordance with the provisions below of this clause
(a)) the Revolving Loan Commitment; provided, however, that (A) any such prepayments or reductions shall be in a
minimum amount of $500,000 and integral multiples of $100,000 in excess of such amount in the case of the Advances and Revolving
Loan Commitments (or such lesser amount outstanding) and (B) any such prepayments or reductions shall be in a minimum amount of
$500,000 and integral multiples of $100,000 in excess of such amount in the case of the Term Loans (or such lesser amount
outstanding). In addition, the Borrower may at any time from time to time on at least three (3) days’ prior written notice to
Administrative Agent, terminate the Revolving Loan Commitment in whole or in part; provided that upon such termination, the
portion of the principal amount of the Revolving Loan then outstanding in excess of the Revolving Loan Commitments (after giving
effect to the Revolving Commitments so terminated) shall be immediately due and payable in full. Any such voluntary (or, per the
immediately preceding sentence, required) prepayment of the Advances and/or the Term Loans and any such reduction or termination of
the Revolving Loan Commitment must be accompanied by the payment of the fees required by Sections 2.3(g) and 2.6(b),
if any, on the Advances and/or the Term Loans prepaid, plus the payment of any LIBOR funding breakage costs in accordance
with Section 2.10. Notwithstanding anything to the contrary contained herein and for the avoidance of doubt, any voluntary
prepayment or commitment reduction may be made contingent upon, or subject to, the occurrence of a refinancing of all or any part of
the Obligations or commitments or other event or transaction. Upon any such reduction or termination of the Revolving Loan
Commitment, Borrower’s right to request Advances shall simultaneously be permanently reduced or terminated by the amount of
such reduction or termination. Each Notice of Prepayment shall designate the Loans or other Obligations to which such prepayment is
to be applied; provided that any partial prepayment of the Term Loans made by or on behalf of the Borrower shall be applied
to the remaining scheduled installments of the Term Loans (including the final installment due on the Term Loan Maturity Date) as
directed by the Borrower (pro rata among the Class of Term Loans selected to be prepaid based on the outstanding principal
balances thereof) or absent such direction, in direct order of maturity. All reductions of the Revolving Loan Commitment shall be
shared by the Revolving Lenders based on their Pro Rata Shares of the Revolving Loan Commitment. Except as otherwise designated by
the Borrower, any prepayment of a Loan under this Section 2.3(a) shall be applied first to the portion of such Loan comprised
of Alternate Base Rate Loans and then to the portion of such Loan comprised of Eurodollar Loans, in the direct order of Interest
Period maturities.

 

(b)              
Mandatory Prepayments.

 

(i)                
If at any time the aggregate amount of the Revolving Loan exceeds Borrowing Availability then in effect, the Borrower shall repay
(no later than one (1) Business Day after written notice from the Administrative Agent to the Borrower) the aggregate outstanding Advances
to the extent required to eliminate such excess.

 

(ii)             
Within five (5) Business Days following receipt by the Borrower or any of its Restricted Subsidiaries of Net Cash Proceeds of any
asset disposition (including any disposition of Stock of any Restricted Subsidiary) outside of the ordinary course of business, Net Cash
Proceeds of casualty insurance relating to any assets or property of such Person subject to a 

 

 

 

 

 

    	 	27	 

     

    

 

 

 

casualty loss or Net Cash Proceeds
of a Condemnation Event (in each case, other than dispositions permitted by Sections 7.8(a), 7.8(b), 7.8(c), 7.8(e), 7.8(f), 7.8(g), 7.8(h), 7.8(i), 7.8(k), 7.8(n)
and 7.8(o)) (in each case, net of (I) commissions and other reasonable and customary transaction costs, fees and expenses
(including legal and accounting fees) properly attributable to such transaction and payable by a Loan Party or its Restricted
Subsidiary in connection therewith (in each case, to the extent not paid to a Loan Party), (II) transfer taxes, (III) amounts
payable to holders of Liens (to the extent such Liens constitute Permitted Liens hereunder with equal to or greater priority than
the Liens under the Loan Documents), if any, (IV) an appropriate reserve for income taxes in accordance with GAAP in connection
therewith and funded escrows for indemnification obligations attributable to the seller’s indemnities and representations and
warranties to the purchaser in any such sale (provided that upon release of any such escrowed funds to a Loan Party or any
Restricted Subsidiary, such proceeds shall be subject to this Section 2.3(b)(ii)) and (V) in the case of insurance proceeds
or a Condemnation Event, actual costs and expenses incurred in connection with the adjustment or settlement of claims in respect
thereof), the Borrower shall prepay the Term Loans in an amount equal to 100% of such Net Cash Proceeds in excess of $5,000,000
per transaction (or series of related transactions) and in excess of $10,000,000 in the aggregate per Fiscal Year; provided, however,
that such percentage (A) shall be reduced to 50% if, when calculated on a Pro Forma Basis as of the last day of the most
recent Measurement Period ended prior to the applicable date of determination for which Financial Statements are required to be
delivered, the First Lien Net Leverage Ratio is less than or equal to 4.25 to 1.00 but greater than 3.75 to 1.00, (B)
shall be reduced to 25% if, when calculated on a Pro Forma Basis as of the last day of the most recent Measurement Period
ended prior to the applicable date of determination for which Financial Statements are required to be delivered, the First Lien Net
Leverage Ratio is less than or equal to 3.75 to 1.00 but greater than 3.25 to 1.00 and (C) shall be reduced to 0%
if, when calculated on a Pro Forma Basis as of the last day of the most recent Measurement Period ended prior to the applicable date
of determination for which Financial Statements are required to be delivered, the First Lien Net Leverage Ratio is less than or
equal to 3.25 to 1.00; provided, further, that no prepayment shall be required in connection with such an asset
disposition, casualty loss or Condemnation Event if the Net Cash Proceeds thereof are reinvested in any assets or property useful in
the business of any Loan Party or any of their Restricted Subsidiaries (including, for the avoidance of doubt, Permitted
Acquisitions and other permitted Investments) within eighteen (18) months following receipt thereof, or to the extent that the
Borrower commits within such eighteen (18) month period to reinvest such proceeds within one hundred eighty (180) days following the
last day of such eighteen (18) month period, and actually reinvests such Net Cash Proceeds within such subsequent one hundred eighty
(180) day period. Any such prepayment shall be applied in accordance with Section 2.3(c) below (either at the time of receipt
thereof or upon expiration of the period described above to the extent the Net Cash Proceeds are not so reinvested within such
period), and shall be accompanied by LIBOR funding breakage costs as required under the terms of this Agreement, in each case to the
extent applicable.

 

(iii)           
If any Loan Party or any of its Restricted Subsidiaries incurs any Indebtedness (other than Indebtedness permitted to be incurred
under Section 7.3, except for Credit Agreement Refinancing Indebtedness), the Borrower shall, substantially simultaneously with
(and in any event not later than the fifth Business Day next following) receipt of the Net Cash Proceeds thereof by any Loan Party or
any of its Restricted Subsidiaries, prepay the Term Loans, without duplication, in an amount equal to all such cash proceeds, net of underwriting
discounts and commissions and other costs paid in connection therewith. Any such prepayment shall be applied in accordance with Section
2.3(c) below and shall be accompanied by LIBOR funding breakage costs as required under the terms of this Agreement, in each case
to the extent applicable.

 

 

 

 

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(iv)            
[Reserved].

 

(v)              
Until the Termination Date, beginning with the Fiscal Year ending December 31, 2022, the Borrower shall prepay the Term Loans on
the date that is ten (10) Business Days following the date the audited financial statements for such Fiscal Year are required to be delivered
pursuant to Section 5.1(d) hereof, in an amount equal to (x) 50% of Excess Cash Flow for such Fiscal Year, minus
(y) in each case, solely to the extent not funded with the proceeds of Indebtedness (other than Revolving Loans), (A) the aggregate principal
amount of all Term Loans, Refinancing Term Loans, Incremental Equivalent Debt, Permitted Ratio Debt and other Indebtedness that is secured
by a Lien on the Collateral on a pari passu basis with the Obligations voluntarily prepaid, plus (B) the aggregate amount
of all Revolving Loans voluntarily prepaid (to the extent accompanied by a permanent reduction of the Revolving Loan Commitments or the
applicable Incremental Revolving Loan Commitments, as applicable), plus (C) the aggregate principal amount of all Term Loans repurchased
and prepaid pursuant to Section 2.3(f) (limited to the amount of cash actually paid in respect of such purchase), plus (D)
the aggregate principal amount of all Loans permanently prepaid by the Borrower or its Restricted Subsidiaries pursuant to Section
10.9(f), in each case, during such Fiscal Year or, at the Borrower’s option, after the end of such Fiscal Year and prior to
the date of the applicable Excess Cash Flow prepayment; provided that the percentage of Excess Cash Flow that shall be required
to be prepaid in accordance with this clause (v) in respect of a particular Fiscal Year shall be reduced to 25% if, when calculated
on a Pro Forma Basis as of the last day of the Fiscal Year (for the avoidance of doubt, giving pro forma effect to all prepayments of
Indebtedness made after the end of the Fiscal Year but prior to the making of such Excess Cash Flow prepayment), the First Lien Net Leverage
Ratio is less than or equal to 4:25 to 1.00 but greater than 3.75 to 1.00, or 0% if, when calculated on a Pro Forma
Basis as of the last day of the Fiscal Year (for the avoidance of doubt, giving pro forma effect to all prepayments of Indebtedness made
after the end of the Fiscal Year but prior to the making of such Excess Cash Flow prepayment), the First Lien Net Leverage Ratio is less
than or equal to 3.75 to 1.00; provided, further, that no prepayment with Excess Cash Flow shall be required if the
amount of the prepayment (as calculated pursuant to this clause (v)) is not greater than $10,000,000 (and any required prepayment
amount, for the avoidance of doubt, shall be the amount of Excess Cash Flow in excess of such threshold, if any). Any such prepayment
shall be applied in accordance with Section 2.3(c) below and shall be accompanied by LIBOR funding breakage costs as required under
the terms of this Agreement, in each case to the extent applicable. Each such prepayment shall be accompanied by a certificate signed
by a Responsible Officer of Borrower or Holdings certifying the manner in which Excess Cash Flow and the resulting prepayment were calculated,
which certificate shall be in the form of Exhibit 2.3(b)(v) hereto. For the avoidance of doubt, no such prepayment shall be due
for the fiscal years ending December 31, 2020 or December 31, 2021.

 

 

 

 

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(vi)            
Each Term Loan Lender may elect, by three (3) Business Day written notice to the Administrative Agent, prior to any prepayment
of Term Loans required to be made by the Borrower pursuant to this Section 2.3(b) (other than Section 2.3(b)(iii) with respect
to Credit Agreement Refinancing Indebtedness), to decline all (but not less than all) of its Pro Rata Share of such prepayment (such declined
amounts, the “Declined Proceeds”) in which case such Declined Proceeds may be retained by the Borrower. If a Lender
fails to deliver a notice of election declining receipt of its Pro Rata Share of such mandatory prepayment to the Administrative Agent
prior to any such prepayment, any such failure will be deemed to constitute an acceptance of such Lender’s Pro Rata Share of the
total amount of such mandatory prepayment of Term Loans.

 

(c)              
Application of Certain Mandatory Prepayments. Subject to the provisions of Section 2.8, any prepayments made by Borrower
pursuant to Section 2.3(b)(ii) through (b)(v) shall be applied as follows: first, to the outstanding principal balance
of the Term Loans as directed by the Borrower (pro rata among the Class of Term Loans selected to be prepaid based on the outstanding
principal balances thereof) or absent such direction, in direct order of maturity (applied first to the portion of such Loan comprised
of Alternate Base Rate Loans and then to the portion of such Loan comprised of Eurodollar Loans, in the direct order of Interest Period
maturities), and second, to any other Obligations then outstanding; provided that, if any Term Loan Lender elects to decline
its Pro Rata Share of any prepayment in accordance with Section 2.3(b)(vi), such prepayment (other than such amounts constituting Declined
Proceeds) shall be applied ratably to the portion of such Loan comprised of Alternate Base Rate Loans and to the portion of such Loan
comprised of Eurodollar Loans, in the direct order of Interest Period maturities). Notwithstanding anything to the contrary contained
herein, the Revolving Loan Commitment shall not be permanently reduced by the amount of any prepayments pursuant to Section 2.3(b).

 

(d)              
Certain Limitations. Notwithstanding any other provisions of Section 2.3(b), (i) to the extent that any of or all the Net
Cash Proceeds of any disposition by a Foreign Subsidiary giving rise to a prepayment pursuant to Section 2.3(b)(ii) (a "Foreign
Disposition"), the Net Cash Proceeds of any prepayment event from a Foreign Subsidiary (a "Foreign Prepayment Event")
or Excess Cash Flow attributable to Foreign Subsidiaries would be prohibited or delayed by applicable local law (including financial assistance,
corporate benefit, restrictions on upstreaming cash intra-group and the fiduciary and statutory duties of directors of the relevant subsidiaries),
the portion of such Net Cash Proceeds or Excess Cash Flow so affected will not be required to be applied to repay Term Loans at the times
provided in Section 2.3(b) (the Borrower hereby agreeing to use commercially reasonable efforts (as determined in the Borrower's reasonable
business judgment) to otherwise cause the applicable Foreign Subsidiary to within one year following the date on which the respective
payment would otherwise have been required, take all actions reasonably required by the applicable 

 

 

 

 

    	 	30	 

     

    

 

 

 

local law, applicable
organizational or constitutive impediment or other impediment to permit such repatriation), and if within one year following the
date on which the respective payment would otherwise have been required, such repatriation of any of such affected Net Cash Proceeds
or Excess Cash Flow is permitted under the applicable local law, applicable organizational or constitutive impediment or other
impediment, such Net Cash Proceeds or Excess Cash Flow will be promptly (and in any event not later than five (5) Business Days
after such repatriation could be made) applied (net of additional taxes, costs and expenses that would be payable or reserved
against as a result of repatriating such amounts) (whether or not repatriation actually occurs) to the repayment of the Term Loans
pursuant to Section 2.3(b) to the extent provided herein and (ii) to the extent that the Borrower has determined in good faith that
repatriation of any of or all the Net Cash Proceeds of any Foreign Disposition, any Foreign Prepayment Event or Excess Cash Flow
attributable to Foreign Subsidiaries would have a material adverse tax consequence to Holdings and its Restricted Subsidiaries, the
Net Cash Proceeds or Excess Cash Flow so affected will not be required to be applied to repay Term Loans at the times provided in
Section 2.3(b). The non- application of any prepayment amounts as a consequence of the foregoing provisions will not, for the
avoidance of doubt, constitute a Default or an Event of Default.

 

(e)              
No Deemed Consent. Nothing in this Section 2.3 shall be construed to constitute Administrative Agent’s or any
Lender’s consent to any transaction referred to in Sections 2.3(b)(ii) and (b)(iii) above which is not permitted by
other provisions of this Agreement or the other Loan Documents.

 

(f)               
Dutch Auctions. Notwithstanding anything to the contrary contained in this Agreement, so long as no Event of Default has
occurred and is continuing or would result therefrom, Holdings, the Borrower or any Restricted Subsidiary (in such case, the foregoing
being herein referred to as the “Auction Parties” and each, an “Auction Party”) may repurchase outstanding
Term Loans on the following basis:

 

(i)                
Such Auction Party may repurchase all or any portion of any Class of Term Loan pursuant to a Dutch Auction (or such other modified
Dutch Auction conducted pursuant to similar procedures as the Borrower and Administrative Agent may otherwise agree); provided
that no proceeds of Revolving Loans shall be used by any Auction Party to repurchase Term Loans pursuant to such Auction;

 

(ii)             
Following repurchase by any Auction Party pursuant to this Section 2.3(f), the Term Loans so repurchased shall, without
further action by any Person, be deemed cancelled for all purposes and no longer outstanding (and may not be resold by any Auction Party)
for all purposes of this Agreement and the principal amount of the Loans so repurchased shall be applied on a pro rata basis to
reduce the scheduled remaining installments of principal on such Class of Term Loans. In connection with any Term Loans repurchased and
cancelled pursuant to this Section 2.3(f), the Administrative Agent is authorized to make appropriate entries in the Register to
reflect any such cancellation. Any payment made by any Auction Party in connection with a repurchase permitted by this Section 2.3(f)
shall not be subject to any of the pro rata payment or sharing requirements of this Agreement. Notwithstanding anything in this
Agreement or any other Loan Documents to the contrary, failure by an Auction Party to make any payment to a Lender required by an agreement
permitted by this Section 2.3(f) shall not constitute a Default or an Event of Default;

 

 

 

 

    	 	31	 

     

    

 

 

 

(iii)           
Each Lender that sells its Term Loans pursuant to this Section 2.3(f) acknowledges and agrees that (i) the Auction Parties
may have, and later may come into possession of, Excluded Information, (ii) such Lender will independently make its own analysis and determination
to enter into an assignment of its Loans and to consummate the transactions contemplated by an Auction notwithstanding such Lender’s
lack of knowledge of Excluded Information and (iii) none of the Auction Parties or any of their respective Affiliates, or any other Person
shall have any liability to such Lender with respect to the nondisclosure of the Excluded Information. Each Lender that tenders Loans
pursuant to an Auction agrees to the foregoing provisions of this clause (iii). The Administrative Agent and the Lenders hereby consent
to the Auctions and the other transactions contemplated by this Section 2.3(f) and hereby waive the requirements of any provision
of this Agreement (including, without limitation, any pro rata payment requirements) (it being understood and acknowledged that
purchases of the Loans by an Auction Party contemplated by this Section 2.3(f) shall not constitute Investments by such Auction
Party) or any other Loan Document that may otherwise prohibit any Auction or any other transaction contemplated by this Section 2.3(f).

 

(g)              
Prepayment Premium. In the event that, on or prior to the date that is six months following the Effective Date, the Borrower
(x) prepays, repays, refinances, substitutes or replaces any outstanding Initial Term Loans in connection with a Repricing Event (including
in connection with an exercise of the Borrower’s rights under Section 10.9(f) with respect to a Repricing Event) or (y) effects
any amendment of this Agreement resulting in a Repricing Event in respect of any outstanding Initial Term Loans, the Borrower shall pay
to the Administrative Agent, for the ratable account of each of the applicable Lenders (including any such Lender removed or replaced
pursuant to Section 10.9(f) in connection with such Repricing Event), (i) in the case of clause (x), a prepayment premium of 1.00%
of the aggregate principal amount of such Initial Term Loans so prepaid, refinanced, substituted or replaced, and (ii) in the case of
clause (y), a fee equal to 1.00% of the aggregate principal amount of the applicable outstanding Initial Term Loans subject to
such amendment. Such amounts shall be due and payable on the date of effectiveness of such amendment or prepayments, as the case may be.

 

2.4             
Use of Proceeds.

 

(a)              
Borrower shall utilize the proceeds of the Term Loan advanced on the Effective Date solely for (i) financing the Refinancing and
the payment of fees, costs, and expenses incurred or payable in connection with this Agreement and the Refinancing and (ii) working capital
requirements, Capital Expenditures, general corporate purposes, including to finance Permitted Acquisitions and other permitted Investments,
earn-out payments, purchase price adjustments and other deferred payments and the payment of any fees, costs, and expenses incurred or
payable in connection with any of the foregoing and any other use not prohibited by this Agreement (other than the payment of Restricted
Payments).

 

 

 

 

    	 	32	 

     

    

 

 

 

(b)              
Borrower shall utilize the proceeds of Revolving Loans for working capital requirements, Capital Expenditures, general corporate
purposes, including to finance Permitted Acquisitions and other permitted Investments, earn-out payments, purchase price adjustments and
other deferred payments, Junior Debt Payments, Restricted Payments and the payment of any fees, costs, and expenses incurred or payable
in connection with any of the foregoing and any other use not prohibited by this Agreement.

 

2.5             
Interest and Applicable Margins.

 

(a)              
Borrower shall pay interest to Administrative Agent, for the ratable benefit of Lenders in accordance with the Loans made by each
Lender, in each case in arrears on each applicable Interest Payment Date, at the following rates (in each case subject to the terms of
Section 2.1(d) and (g) pertaining to the rates of interest accruing on Incremental Term Loans or Refinancing Facilities
and any adjustments to the Applicable Margins as a result thereof): (i) each Eurodollar Loan shall bear interest on the outstanding
principal amount thereof for each Interest Period at a rate per annum equal to the Eurodollar Rate, for such Interest Period plus
the Applicable Margin; (ii) each Alternate Base Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable
borrowing date at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin; and (iii) each Swingline
Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the
Alternate Base Rate plus the Applicable Margin for Revolving Loans.

 

(b)              
If any payment under the Loan Documents becomes due and payable on a day other than a Business Day, the due date thereof will be
extended to the next succeeding Business Day (except for interest on a Eurodollar Loan accrued during any Interest Period which, pursuant
to clause (a) of the definition of Interest Period is required to end on the Eurodollar Business Day immediately preceding the day on
which, but for such clause (a), it would have ended and except for the principal portion of such Eurodollar Loan payable on such day,
which will also be paid on said immediately preceding Eurodollar Business Day), and, with respect to payment of principal, interest thereon
shall accrue at the then applicable rate during such extension.

 

(c)              
All computations of Fees and interest on the Eurodollar Loans, shall be made by Administrative Agent on the basis of a three hundred
sixty (360) day year and the actual number of days occurring in the period for which such interest and Fees are payable. All computations
of interest on the Alternate Base Rate Loans shall be made by Administrative Agent on the basis of a three hundred sixty-five (365) day
year (three hundred sixty-six (366) days in the case of a leap year) and the actual number of days occurring in the period for which such
interest is payable. The Alternate Base Rate shall be determined each day based upon the Alternate Base Rate as in effect each day. Each
determination by Administrative Agent of an interest rate hereunder shall be final, binding and conclusive, absent manifest error.

 

(d)              
Following the occurrence and during the continuance of a Specified Event of Default, if any principal of or interest on any Loan
or any Fee payable by the Borrower is not paid when due (after the expiration of any applicable grace period), whether at stated maturity,
upon acceleration or otherwise, such overdue amount (unless owed to a Defaulting Lender) shall bear interest, after as well as before
judgment, at a rate per annum (such rate, the “Default Rate”) equal to (i) in the case of overdue principal of any
Loan, 2.00% plus the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this Section or (ii) in
the case of any such other overdue amount, 2.00% plus the rate applicable to Alternate Base Rate Loans.

 

 

 

 

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(e)              
Borrower shall have the option to (i) request that any Advances or all or any portion of the Term Loans be made as a Eurodollar
Loan, (ii) convert at any time all or any part of outstanding Loans from Alternate Base Rate Loans to Eurodollar Loans, (iii) convert
any Eurodollar Loan to an Alternate Base Rate Loan, subject to payment of LIBOR breakage costs in accordance with Section 2.10
if such conversion is made prior to the expiration of the Interest Period applicable thereto, or (iv) continue all or any portion of any
Loan as a Eurodollar Loan upon the expiration of the applicable Interest Period and the succeeding Interest Period of that continued Loan
shall commence on the last day of the Interest Period of the Loan to be continued. Loans for which Borrower has not elected the LIBOR
option shall be Alternate Base Rate Loans. During the continuation of any Event of Default, Requisite Lenders may terminate Borrower’s
right to exercise the options set forth in this Section 2.5(e) by delivering written notice to the Borrower to that effect. Any
Loan to be made or continued as, or converted into, a Eurodollar Loan must be in a minimum amount of $100,000 and integral multiples of
$2,500 in excess of such amount. Subject to Sections 2.1(d) and (g) hereof, any such election must be made by 1:00 p.m.
New York time on the third (3rd) Business Day prior to (1) the date of any proposed Advance which is to bear interest at the
Eurodollar Rate, (2) the end of each Interest Period with respect to any Eurodollar Loans to be continued as such, or (3) the date on
which Borrower wishes to convert any Alternate Base Rate Loan to a Eurodollar Loan for an Interest Period designated by Borrower in such
election. If no election is received with respect to a Eurodollar Loan by 1:00 p.m. New York time on the third (3rd) Business
Day prior to the end of the Interest Period with respect thereto, that Eurodollar Loan shall be continued as a Eurodollar Loan with the
same interest period as the prior Eurodollar Loan at the end of its Interest Period. Borrower must make such election by notice to Administrative
Agent in writing, by telecopy or overnight courier. In the case of any conversion or continuation, such election must be made pursuant
to a written notice (a “Notice of Conversion/Continuation”) in the form of Exhibit 2.5(e). Notwithstanding the
foregoing, at no time shall there be more than eight (8) Interest Periods in effect.

 

(f)               
Notwithstanding anything to the contrary set forth in this Section 2.5, if a court of competent jurisdiction determines
in a final order that the rate of interest payable hereunder exceeds the highest rate of interest permissible under Law (the “Maximum
Lawful Rate”), then so long as the Maximum Lawful Rate would be so exceeded, the rate of interest payable hereunder shall be
equal to the Maximum Lawful Rate; provided, however, that if at any time thereafter the rate of interest payable hereunder
is less than the Maximum Lawful Rate, Borrower shall continue to pay interest hereunder at the Maximum Lawful Rate until such time as
the total interest received by Administrative Agent, on behalf of Lenders, is equal to the total interest which would have been received
had the interest rate payable hereunder been (but for the operation of this paragraph) the interest rate payable since the Effective Date
as otherwise provided in this Agreement. Thereafter, interest hereunder shall be paid at the rate(s) of interest and in the manner provided
in Sections 2.5(a) through (e) above, unless and until the rate of interest again exceeds the Maximum Lawful Rate, and at
that time this paragraph shall again apply. In no event shall the total interest received by any Lender pursuant to the terms hereof exceed
the amount which such Lender could lawfully have received had the interest due hereunder been calculated for the full term hereof at the
Maximum Lawful Rate. If the Maximum Lawful Rate is calculated pursuant to this paragraph, such interest shall be calculated at a daily
rate equal to the Maximum Lawful Rate divided by the number of days in the year in which such calculation is made. If, notwithstanding
the provisions of this Section 2.5(f), a court of competent jurisdiction shall finally determine that a Lender has received interest
hereunder in excess of the Maximum Lawful Rate, Administrative Agent shall, to the extent permitted by applicable Law, promptly apply
such excess in the order specified in Section 2.8 and thereafter shall refund any excess to Borrower or as a court of competent
jurisdiction may otherwise order.

 

 

 

 

    	 	34	 

     

    

 

 

 

2.6             
Fees.

 

(a)              
The Borrower agrees to pay to the Administrative Agent, for the ratable benefit of such Lenders, in arrears, on the last Business
Day of each Fiscal Quarter prior to the Commitment Termination Date and on the Commitment Termination Date, a fee (such fee, the “Commitment
Fee”) in respect of the Lenders’ Revolving Loan Commitments in an amount equal to the Commitment Fee Rate (calculated
on the basis of a 360 day year for actual days elapsed) of the difference between (x) the Maximum Amount (as it may be reduced from time
to time) and (y) the average for the period of the daily closing balances of the sum of the aggregate Revolving Loans outstanding plus
the Letter of Credit Obligations outstanding during the period for which such Commitment Fee is due.

 

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

 

(c)              
The Borrower shall pay to the Administrative Agent on the Effective Date ratably for the account of the Term Loan Lenders that
have made an Initial Term Loan to the Borrower on the Effective Date, an upfront fee in an aggregate amount equal to 0.50% of such Initial
Term Loan (which amount may be netted against the proceeds of such Initial Term Loan).

 

2.7             
Receipt of Payments.

 

(a)              
With respect to payments under this Agreement and the other Loan Documents on account of all Revolver Obligations, Term Loan Obligations
and other Obligations payable to Administrative Agent or any Lender in its capacity as such, Borrower shall make each such payment not
later than 2:00 p.m. New York time on the day when due in immediately available funds in Dollars to the Administrative Agent’s Account
(or to such other account(s) as are designated in writing by Administrative Agent to Borrower pursuant to the last sentence of this Section
2.7(a)). For purposes of computing interest and Fees and determining Borrowing Availability as of any date, all payments shall be
deemed received on the day of receipt of immediately available funds therefor in the Administrative Agent’s Account, as applicable
and in accordance with the terms of this Agreement, prior to 2:00 p.m. New York time. Payments received after 2:00 p.m. New York time
on a Business Day shall be deemed to have been received on the following Business Day.

 

(b)               Payments
received by Administrative Agent in respect of the Obligations (including without limitation the proceeds of Collateral), if
received by 2:30 p.m. New York time on any Business Day, will be paid to the Lenders based upon their applicable Pro Rata Shares of
such payments on such day, and in the event that any such amounts are received after 2:30 p.m. New York time on a Business Day, such
amount shall be paid to the Lenders based upon their applicable Pro Rata Shares on the next Business Day. Notwithstanding anything
herein to the contrary, Administrative Agent shall be entitled to set off any funding shortfall attributable to a Defaulting Lender
(of the type described in clause (a) of the definition of Defaulting Lender) against that Defaulting Lender’s respective share
of amounts otherwise to be paid to such Defaulting Lender.

 

 

 

 

    	 	35	 

     

    

 

 

 

2.8             
Application and Allocation of Payments.

 

(a)              
After the exercise of remedies provided for in Section 9.2, subject to any Applicable Intercreditor Agreement then in effect, the
Administrative Agent shall apply any and all payments received by Administrative Agent in respect of the Obligations, and any and all
proceeds of Collateral received by Administrative Agent, in the following order: first, to all fees, costs, indemnities, and expenses
due and payable to Administrative Agent under the Loan Documents; second, to all fees, costs, indemnities, and expenses due and
payable to any Lender (including Swingline Lender) or L/C Issuer under the Loan Documents ratably among them in proportion to the amounts
described in this clause second payable to them; third, to accrued and unpaid interest due and payable under this Agreement (including
any interest which, but for the provisions of the Bankruptcy Code, would have accrued on such amounts) ratably among the Lenders in proportion
to the amounts described in this clause third payable to them; fourth, to all unpaid principal of the Loans then due and owing,
to provide cash collateral in accordance herewith to secure any then outstanding Letter of Credit Obligations and to all Obligations due
to any Eligible Counterparty ratably among the Secured Parties in proportion to the amounts described in this clause fourth payable to
them; fifth, to all other outstanding Obligations ratably based upon the respective aggregate amounts of all such owing to the
Administrative Agent and the other Secured Parties on such date; and sixth, the balance, if any, after all of the Obligations have
been paid in full, subject to any Applicable Intercreditor Agreement, to the Borrower or as otherwise required by Law; provided,
however, that in no event shall payments by a Guarantor or proceeds of Collateral of a Guarantor be applied to Excluded Rate Contract
Obligations of such Guarantor.

 

(b)              
[Reserved].

 

(c)              
Any balance remaining after giving effect to the applications set forth in this Section 2.8 shall be delivered to Borrower
or to whoever may be lawfully entitled to receive such balance or as a court of competent jurisdiction may direct. In carrying out any
of the applications set forth in this Section 2.8, (i) amounts received shall be applied in the numerical order provided until
exhausted prior to the application to the next succeeding category and (ii) each of the Persons entitled to receive a payment or cash
collateral in any particular category shall receive an amount equal to its pro rata share of amounts available to be applied pursuant
thereto for such category.

 

(d)              
Administrative Agent is authorized (but not obligated) to, and at its sole election may, charge to the Revolving Loan balance on
behalf of Borrower and cause to be paid all Fees, interest and principal, other than principal of the Revolving Loan (and during the continuance
of an Event of Default, other than the principal and any interest on the Term Loans or any Incremental Term Loans), then due and owing
by Borrower under this Agreement or any of the other Loan Documents if and to the extent Borrower fails to promptly pay any such amounts
as and when due (after giving effect to any notice or cure periods), but not if such charges would cause the aggregate Advances to exceed
the Maximum Amount less Letter of Credit Obligations. Any charges so made shall, unless prohibited by applicable Law, constitute part
of the Revolving Loan hereunder and may be made regardless of whether the conditions set forth in Section 3.2 are then satisfied,
including the existence of any Default or Event of Default either before or after giving effect thereto.

 

 

 

 

 

    	 	36	 

     

    

 

 

 

(e)              
Each Qualified ECP Guarantor hereby jointly and severally absolutely, unconditionally and irrevocably undertakes to provide such
funds or other support as may be needed from time to time by each other Loan Party to honor all of its payment obligations under the Loan
Documents in respect of Swap Obligations under any Hedge Agreement included in the Obligations (provided, however, that
each Qualified ECP Guarantor shall only be liable under this Section 2.8(e) for the maximum amount of such liability that can be
hereby incurred without rendering its obligations under this Section 2.8(e), or otherwise under any Loan Document, voidable under
applicable Law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of each Qualified
ECP Guarantor under this Section 2.8(e) shall remain in full force and effect until the guarantees in respect of Swap Obligations
under each Hedge Agreement included in the Obligations have been discharged, or otherwise released or terminated in accordance with the
terms of this Agreement and the other Loan Documents. Each Qualified ECP Guarantor intends that this Section 2.8(e) constitute,
and this Section 2.8(e) shall be deemed to constitute, a “keepwell, support, or other agreement” for the benefit of
each other Loan Party for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.

 

2.9.

 

2.10         
Alternate Rate of Interest.

 

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

 

(i)                
the Administrative Agent determines (which determination shall be conclusive absent manifest error) that adequate and reasonable
means do not exist for ascertaining the Eurodollar Rate for such Interest Period; or

 

(ii)             
the Administrative Agent is advised by the Requisite Lenders that the Eurodollar Rate for such Interest Period will not adequately
and fairly reflect the cost to such Lenders of making or maintaining their Loans included in such Borrowing for such Interest Period;

 

then the Administrative Agent shall give notice thereof to the Borrower
and the Lenders by electronic means or telecopy as promptly as practicable thereafter and, until the Administrative Agent notifies the
Borrower and the Lenders that the circumstances giving rise to such notice no longer exist or until an alternate rate of interest shall
have been implemented in accordance with Section 1.6, (i) any Notice of Conversion/Continuation that requests the conversion of
any Borrowing to, or continuation of any Borrowing as, a Eurodollar Loan shall be ineffective and (ii) if any Notice of Advance requests
a Eurodollar Loan, such Borrowing shall be made as an Alternate Base Rate Loan.

 

 

 

 

 

    	 	37	 

     

    

 

 

 

2.11         
LIBOR Breakage.

 

(a)              
To induce Lenders to provide the Eurodollar Rate option on the terms provided herein, if (i) any Eurodollar Loans are repaid in
whole or in part prior to the last day of any applicable Interest Period (whether that repayment is made pursuant to any provision of
this Agreement or any other Loan Document or is the result of acceleration, by operation of Law or otherwise); (ii) Borrower shall default
in making any borrowing of, conversion into or continuation of Eurodollar Loans after Borrower has given notice requesting the same in
accordance herewith (other than as a result of a default by a Lender); or (iii) Borrower shall fail to make any prepayment of a Eurodollar
Loan after Borrower has given a notice thereof in accordance herewith, Borrower shall indemnify and hold harmless each Lender from and
against all losses, costs and reasonable and documented out-of-pocket expenses resulting from or arising from any of the foregoing. Such
indemnification shall include any loss or expense arising from the reemployment of funds obtained by it (but excluding loss of anticipated
profit) or from fees payable to terminate deposits from which such funds were obtained. For the purpose of calculating amounts payable
to a Lender under this subsection, each Lender shall be deemed to have actually funded its relevant Eurodollar Loan through the purchase
of a deposit bearing interest at the Eurodollar Rate in an amount equal to the amount of that Eurodollar Loan and having a maturity comparable
to the relevant Interest Period; provided, however, that each Lender may fund each of its Eurodollar Loans in any manner
it sees fit, and the foregoing assumption shall be utilized only for the calculation of amounts payable under this subsection. This covenant
shall survive the termination of this Agreement and all other Obligations. As promptly as practicable under the circumstances, each Lender
shall provide Borrower with its written calculation of all amounts payable pursuant to this Section 2.10, and such calculation
shall be binding on the parties hereto unless Borrower shall object in writing within ten (10) Business Days of receipt thereof, specifying
the basis for such objection in reasonable detail.

 

2.12         
Taxes.

 

(a)              
Defined Terms. For purposes of this Section 2.12, the term “Lender” includes any L/C Issuer and any Swingline
Lender and the term “applicable Law” includes FATCA.

 

(b)              
Payments Free of Taxes. All payments by or on account of any obligation of any Loan Party under any Loan Document shall
be made without deduction or withholding for any Taxes, except as required by applicable Law. If any applicable Law (as determined in
the good faith discretion of an applicable Withholding Agent) requires the deduction or withholding of any Tax with respect to any such
payment by a Withholding Agent, then the applicable Withholding Agent shall be entitled to make such deduction or withholding and shall
timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable Law and, if such
Tax is an Indemnified Tax, then the sum payable by the applicable Loan Party shall be increased as necessary so that after any such deduction
or withholding has been made (including such deductions and withholdings applicable to additional sums payable under this Section 2.11)
the applicable Lender (or, in the case of payments made to the Administrative Agent for its own account, the Administrative Agent) receives
an amount equal to the sum it would have received had no such deduction or withholding been made.

 

 

 

 

 

    	 	38	 

     

    

 

 

 

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

 

(d)              
Indemnification by the Borrower. The Loan Parties shall jointly and severally indemnify each Recipient, within 10 days after
demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts
payable under this Section 2.11) payable or paid by such Recipient or required to be withheld or deducted with respect to a payment
to such Recipient and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly
or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered
to the Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of
a Lender, shall be conclusive absent manifest error.

 

(e)              
[Reserved].

 

(f)               
Evidence of Payments. As soon as practicable after any payment of any Taxes by any Loan Party to a Governmental Authority
pursuant to this Section 2.11, such Loan Party shall deliver to the Administrative Agent evidence of such payment reasonably satisfactory
to the Administrative Agent.

 

(g)              
Status of Lenders.

 

(i)            
Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to any payments made under any Loan
Document shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the
Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower or the Administrative Agent
as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably
requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable Law or reasonably
requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or
not such Lender is subject to backup withholding or information reporting requirements.

 

(ii)           
Without limiting the generality of the foregoing:

 

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

 

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

 

 

 

 

    	 	39	 

     

    

 

 

 

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

 

(2)              
two executed copies of IRS Form W-8ECI;

 

(3)              
in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the IRC,
(x) a certificate substantially in the form of Exhibit 2.11(g)-1 to the effect that such Foreign Lender is not a “bank”
within the meaning of Section 881(c)(3)(A) of the IRC, a “10 percent shareholder” of the Borrower within the meaning of Section
881(c)(3)(B) of the IRC, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the IRC (a “U.S.
Tax Compliance Certificate”) and that no payments under any Loan Documents are effectively connected with the Foreign Lender’s
conduct of a U.S. trade or business and (y) two executed copies of IRS Form W-8BEN or W-8BEN-E, as applicable; or

 

(4)              
to the extent a Foreign Lender is not the beneficial owner (for example, where the Foreign Lender is a partnership or a participating
Lender), two executed copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN, IRS Form W-8BEN-E, a U.S. Tax Compliance
Certificate substantially in the form of Exhibit 2.11(g)-2 or Exhibit 2.11(g)-3, IRS Form W-9, and/or other certification
documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership (and not a participating
Lender) and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign
Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit 2.11(g)-4 on behalf of such direct and
indirect partner(s);

 

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

 

 

 

 

    	 	40	 

     

    

 

 

 

(D)            
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 Borrower and the Administrative Agent at the time or times prescribed by
Law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by applicable
Law (including as prescribed by Section 1471(b)(3)(C)(i) of the IRC) and such additional documentation reasonably requested by the Borrower
or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under FATCA,
to determine whether such Lender has complied with such Lender’s obligations under FATCA and to determine the amount, if any, 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.

 

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

 

Each Lender authorizes the Administrative Agent to
deliver to the Borrower and to any successor Administrative Agent any documentation provided by the Lender to the Administrative Agent
pursuant to this Section 2.11(g).

 

Notwithstanding anything to the contrary in this
Section 2.11, a Lender shall not be required to deliver any documentation pursuant to this Section 2.11(g) that such Lender
is not legally eligible to deliver.

 

(h)              
Treatment of Certain Refunds. If any party determines, in its sole discretion exercised in good faith, that it has received
a refund of any Taxes as to which it has been indemnified pursuant to this Section 2.11 (including by the payment of additional
amounts pursuant to this Section 2.11), it shall pay to the indemnifying party an amount equal to such refund (but only to the
extent of indemnity payments made under this Section 2.11 with respect to the Taxes giving rise to such refund), net of all out-of-pocket
expenses (including Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority
with respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party
the amount paid over pursuant to this paragraph (h) (plus any penalties, interest or other charges imposed by the relevant Governmental
Authority) in the event that such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything
to the contrary in this paragraph (h), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant
to this paragraph (h) the payment of which would place the indemnified party in a less favorable net after-Tax position than the indemnified
party would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise
imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This paragraph shall not
be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes that it
deems confidential) to the indemnifying party or any other Person.

 

 

 

 

    	 	41	 

     

    

 

 

 

(i)                
Survival. Each party’s obligations under this Section 2.11 shall survive the resignation or replacement of
the Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment,
satisfaction or discharge of all obligations under any Loan Document.

 

2.13         
Capital Adequacy; Increased Costs; Illegality.

 

(a)              
If any Lender shall have determined that any Change in Law regarding capital adequacy or liquidity requirements increases or would
have the effect of increasing the amount of capital or liquidity required to be maintained by such Lender and thereby reducing the rate
of return on such Lender’s capital as a consequence of its obligations hereunder, then Borrower shall from time to time within ten
(10) Business Days of demand by such Lender (which demand shall be accompanied by a statement setting forth the basis for such demand
and a calculation of the amount thereof in reasonable detail, a copy of which will be furnished to Administrative Agent) pay to the Administrative
Agent for the account of such Lender, additional amounts sufficient to compensate such Lender for such reduction. A certificate as to
the amount of that reduction and showing the basis of the computation thereof submitted by such Lender to Borrower and to Administrative
Agent shall, absent manifest error, be final, conclusive and binding for all purposes.

 

(b)              
If, due to any Change in Law, there shall be (i) any increase in the cost to any Lender of agreeing to make or making, funding
or maintaining any Eurodollar Loan, Letter of Credit or Swingline Loan or (ii) any Recipient becomes subject to any Taxes (other than
(A) Indemnified Taxes, (B) Taxes described in clauses (b) through (d) of the definition of Excluded Taxes and (C) Connection Income Taxes)
in respect of its loans, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital
attributes thereto (and, the result of the foregoing in this clause (ii) is to increase in the cost to any Lender of agreeing to make
or making, funding or maintaining any Loan, Letter of Credit or Swingline Loan), then Borrower shall from time to time, within ten (10)
Business Days after demand is made by such Lender (which demand shall be accompanied by a statement setting forth the basis for such demand
and a calculation of the amount thereof in reasonable detail, a copy of which will be furnished to Administrative Agent), pay to the Administrative
Agent for the account of such Lender additional amounts sufficient to compensate such Lender for such increased cost. A certificate as
to the amount of such increased cost, submitted to Borrower and to Administrative Agent by such Lender, shall be conclusive and binding
on Borrower for all purposes, absent manifest error. Each Lender agrees that as promptly as practicable after it becomes aware of any
circumstances referred to above which would result in any such increased cost, the affected Lender shall, to the extent not inconsistent
with such Lender’s internal policies of general application, use reasonable commercial efforts to minimize costs and expenses incurred
by it and payable to it by Borrower pursuant to this Section 2.13(b). For purposes of this Section 2.13(b), the term “Lender”
includes any L/C Issuer and Swingline Lender.

 

 

 

 

 

    	 	42	 

     

    

 

 

 

(c)              
Notwithstanding anything to the contrary contained herein, if any Change in Law shall make it unlawful, or any central bank or
other Governmental Authority shall assert that it is unlawful, for any Lender to agree to make or to make or to continue to fund or maintain
any Eurodollar Loan, then, unless that Lender is able to make or to continue to fund or to maintain such Eurodollar Loan at another branch
or office of that Lender without, in that Lender’s opinion, adversely affecting it or its Loans or the income obtained therefrom,
on notice thereof and demand therefor by such Lender to Borrower through Administrative Agent, (i) the obligation of such Lender to agree
to make or to make or to continue to fund or maintain Eurodollar Loans shall terminate and (ii) Borrower shall forthwith prepay in full
all outstanding Eurodollar Loans owing by Borrower to such Lender, together with interest accrued thereon, unless Borrower, within five
(5) Business Days after the delivery of such notice and demand (or, if longer, on the last day of the Interest Period therefor if such
Lender may lawfully continue to maintain such Eurodollar Loans to such day), converts all such Loans into a Loan bearing interest based
on the Alternate Base Rate.

 

(d)              
The obligation of Borrower to make payments to any Lender pursuant to Sections 2.13(a) and 2.13(b) shall be limited
to amounts that accrue on and after the day which is one hundred eighty (180) days prior to the date on which such Lender first makes
demand therefor; provided that, if the circumstances giving rise to such payments have a retroactive effect, then such one hundred
eighty (180) day period shall be extended to include the period of such retroactive effect.

 

(e)              
If any Lender requests compensation under Section 2.12 or this Section 2.13, or requires Loan Parties to pay any
additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.12 or this Section
2.13, then, upon the written request of the Borrower, such Lender shall use reasonable efforts to designate a different lending office
for funding or booking its Loans hereunder or to assign its rights and obligations hereunder (subject to the provisions of Section
10.1) to another of its offices, branches or affiliates, if such designation or assignment (i) would eliminate or materially reduce
amounts payable pursuant to Section 2.12 or this Section 2.13, in the future, (ii) would not subject such Lender to any
unreimbursed cost or expense and (iii) would not otherwise be disadvantageous to such Lender.

 

2.14         
Lenders’ Evidence of Indebtedness.

 

The Borrower agrees that: (i) upon written notice
by any Lender to Borrower that a promissory note is requested by such Lender to evidence the Loans owing or payable to, or to be made
by, such Lender, Borrower shall promptly (and in any event within ten (10) Business Days following receipt of any such request) execute
and deliver to such Lender an appropriate Revolving Note (substantially in the form of Exhibit 2.13(a)), Term Loan Note (substantially
in the form of Exhibit 2.13(b)(i)) and (ii) upon any Lender’s written request to Borrower, and in any event within ten (10)
Business Days of receipt of any such request, Borrower shall execute and deliver to such Lender new notes and/or divide the notes in exchange
for then existing notes in such smaller amounts or denominations as such Lender shall specify in its reasonable discretion; provided,
that the aggregate principal amount of such new notes of any Class shall not exceed the aggregate principal amount of the applicable Revolving
Note or Term Loan Note outstanding at the time such request is made; and provided, further, that such Notes that are to
be replaced automatically shall then be deemed no longer outstanding hereunder and replaced by such new notes and shall be marked as cancelled
and returned to Borrower within ten (10) Business Days after such Lender’s receipt of the replacement notes. Regardless whether
or not any such promissory notes are issued, this Agreement shall evidence the Loans and other Obligations owing or payable by Borrower
to the Lenders.

 

 

 

 

    	 	43	 

     

    

 

 

 

ARTICLE
III

CONDITIONS PRECEDENT

 

3.1             
Conditions to Effectiveness and the Initial Loans.

 

No Lender shall be obligated to make any Loan or
incur any Letter of Credit Obligations on the Effective Date, or to take, fulfill, or perform any other action hereunder, until the following
conditions have been satisfied in a manner reasonably satisfactory to Administrative Agent or waived in writing by Administrative Agent
and Lenders:

 

(a)              
Documents. Administrative Agent shall have received copies of:

 

(i)            
this Agreement, executed and delivered by Holdings, the Borrower and each other Loan Party party hereto;

 

(ii)           
the Pledge and Security Agreement, executed and delivered by the Borrower and each other Loan Party party thereto;

 

(iii)          
a Perfection Certificate executed and delivered by each Loan Party;

 

(iv)          
for the account of each of the Lenders that has requested the same in accordance with Section 2.13, a Revolving Note and/or
Term Loan Note, as the case may be, executed and delivered by the Borrower; and

 

(v)            
the results of customary lien searches with respect to the Loan Parties.

 

(b)              
Legal Opinions. The Administrative Agent shall have received, on behalf of itself and the Lenders, customary written opinions
of Sheppard, Mullin, Richter & Hampton LLP and in-house counsel for the Loan Parties, in each case, dated the Effective Date and addressed
to the Administrative Agent and the Lenders as of the Effective Date in form and substance reasonably satisfactory to the Administrative
Agent, and the Loan Parties hereby request such counsel to deliver such opinions.

 

(c)              
Secretary’s Certificate. The Administrative Agent shall have received (i) a copy of the certificate or articles of
incorporation, memorandum of association, certificate of limited partnership or certificate of formation (or other similar formation document),
as in effect on the Effective Date, of each Loan Party, certified as of a recent date by the Secretary of State (or other similar official)
of the jurisdiction of its organization, and, if applicable, a certificate as to the good standing of each Loan Party as of a recent date,

 

 

 

 

    	 	44	 

     

    

 

 

 

 from such Secretary of State (or other similar official); (ii) a certificate, executed and delivered by a Responsible Officer (including,
for this purpose, for the avoidance of doubt, any secretary or assistant secretary) of each Loan Party and dated as of the Effective Date,
certifying (A) that attached thereto is a true and complete copy of the by-laws, partnership agreement, limited liability company agreement
(or other equivalent governing documents) of such Loan Party as in effect on the Effective Date and at all times since a date prior to
the date of the resolutions described in clause (B) below, (B) that attached thereto is a true and complete copy of resolutions duly adopted
by the Board of Directors (or other equivalent governing body) of such Loan Party authorizing the execution, delivery and performance
of the Loan Documents to which such person is a party and, in the case of the Borrower, the borrowings hereunder, and that such resolutions
have not been modified, rescinded or amended and are in full force and effect, (C) that the certificate or articles of incorporation (or
other similar formation document) of such Loan Party has not been amended since the date of the last amendment thereto shown on the certified
formation document furnished pursuant to clause (i) above and (D) as to the incumbency and specimen signature of each officer executing
any Loan Document or any other document delivered in connection herewith on behalf of such Loan Party; and (iii) a certificate of another
officer, to the extent such an officer exists, as to the incumbency and specimen signature of the Responsible Officer executing the certificate
pursuant to clause (ii) above.

 

(d)              
Officer’s Certificate. The Administrative Agent shall have received a certificate, executed and delivered by a Responsible
Officer of the Borrower and dated as of the Effective Date, certifying that the conditions precedent set forth in Sections 3.1(e),
3.1(g), 3.1(j), 3.1(k) have been or, substantially concurrently with the initial funding of the Loans funded on the Effective
Date, will be satisfied.

 

(e)              
Refinancing. Substantially concurrently with the funding of the Term Loans on the Effective Date, the Refinancing shall
have been consummated.

 

(f)               
Evidence of Solvency. The Administrative Agent shall have received a solvency certificate, substantially in the form of
Exhibit 3.1(d), executed and delivered by a Responsible Officer of the Borrower or Holdings and dated as of the Effective Date,
which shall state that the Loan Parties and the Restricted Subsidiaries, taken as a whole, immediately after consummation of this Agreement,
the Refinancing and the other transactions contemplated by this Agreement to occur on the Effective Date, are Solvent.

 

(g)              
Representations and Warranties. The representations and warranties of the Borrower and the other Loan Parties contained
in Article IV shall be true and correct in all material respects (without duplication of any materiality qualifier contained therein).

 

(h)              
Payment of Fees. Subject to the limitations with respect thereto, the Borrower shall have (i) paid the Fees required to
be paid on the Effective Date in the respective amounts specified in Section 2.6 and (ii) reimbursed the Administrative Agent for
all costs and expenses due and payable to the Joint Lead Arrangers and the Lenders required to be paid on the Effective Date from the
proceeds of the Loans funded on the Effective Date and, solely in the case of this clause (ii), for which invoices have been received
by the Borrower prior to the date on which each of the other conditions specified in this Section 3.1 have been satisfied or waived
in accordance herewith.

 

(i)                
Other Documents. The Administrative Agent shall have received, at least three (3) Business Days prior to the Effective Date,
all documentation and other information with respect to Borrower and the Guarantors that is requested by the Administrative Agent and
is required by regulatory authorities under applicable “know your customer,” Beneficial Ownership Regulation and anti-money
laundering rules and regulations, including, without limitation, the USA Patriot Act (including a Beneficial Ownership Certification with
respect to the Borrower for each Lender that has requested the same prior to the Effective Date).

 

 

 

 

    	 	45	 

     

    

 

 

 

(j)                
No Event of Default. No Event of Default shall have occurred and be continuing or would result immediately after giving
effect to any Advance on the Effective Date.

 

(k)              
No Adverse Change of Events. Since December 31, 2020, no events have occurred nor do circumstances exist which singly or
in the aggregate have resulted or would reasonably be expected to result in a Material Adverse Effect.

 

(l)                
Security Interests. All actions necessary to establish that the Administrative Agent will have a perfected security interest
in the Collateral with the priority required under the Loan Documents shall have been taken, except to the extent otherwise contemplated
by Section 6.10.

 

(m)            
Financials.

 

(i)                
The Administrative Agent shall have received the audited Financial Statements for Holdings and its Subsidiaries and Consolidated
Joint Ventures on a consolidated basis for the year ended December 31, 2020 (together with the pro forma financial statements described
in paragraph (ii) below, collectively, the “Required Financial Statements”).

 

(ii)             
The Administrative Agent shall have received a pro forma consolidated balance sheet and related statements of income and cash flows
of Holdings as of and for the twelve-month period ending as of the most recently ended fiscal quarter ended at least 45 days prior to
the Effective Date, prepared after giving effect to this Agreement, the Refinancing and the other transactions contemplated by this Agreement
to occur on the Effective Date as if they had occurred at the beginning of such period.

 

(n)              
Notice of Advance. The Administrative Agent shall have received a Notice of Advance in accordance with Section 2.1(a),
if applicable, and a Notice of Term Loan in accordance with Section 2.1(b) with respect to the Borrowing on the Effective Date
provided, that such Notice of Advance and Notice of Term Loan shall be delivered not later than one (1) Business Days prior to
the Effective Date.

 

Each Lender, by delivering its signature page to this Agreement, shall
be deemed to have acknowledged receipt of, and consented to and approved, each Loan Document and each other document, agreement and/or
instrument required to be approved by such Lender on the Effective Date, and its acknowledgment that each of the conditions set forth
above has been satisfied to its satisfaction.

 

3.2             
Conditions to Each Revolving Loan.

 

 

 

 

 

    	 	46	 

     

    

 

 

 

(a)              
Except as otherwise expressly provided herein, no Lender shall be obligated to fund any Advance or incur any Letter of Credit Obligation
if, as of the date thereof:

 

(i)                
any representation or warranty by any Loan Party contained herein or in any of the other Loan Documents shall be untrue or incorrect
in any material respect (or untrue or incorrect in any respect if such representation or warranty contains any materiality qualifier,
including references to “material”, “Material Adverse Effect” or dollar thresholds) as of such date (or, in lieu
thereof, as of a specific earlier date if such representation or warranty expressly relates to an earlier date and except for changes
therein expressly permitted or expressly contemplated by this Agreement) and in such case the Administrative Agent or the Requisite Revolving
Lenders shall have determined not to make (or permit to be made) any such Advance or incur (or permit to be incurred) any Letter of Credit
Obligation so long as such representation or warranty remains untrue or incorrect; or

 

(ii)             
(x) any Event of Default shall have occurred and be continuing or would result immediately after giving effect to any Advance (or
the incurrence of any Letter of Credit Obligation) or (y) a Default shall have occurred and be continuing or would result immediately
after giving effect to any Advance or incurrence of any Letter of Credit Obligation, and in either such case the Administrative Agent
or the Requisite Revolving Lenders shall have determined not to make (or permit to be made) any Advance or incur (or permit to be incurred)
any Letter of Credit Obligation so long as such Event of Default or Default is continuing; or

 

(iii)           
to the extent such request is for an Advance or the incurrence of any Letter of Credit Obligation, the amount of such requested
Advance or incurrence of a Letter of Credit Obligation shall cause the aggregate principal amount of outstanding Advances to exceed the
Borrowing Availability under Section 2.1(a) and in such case the Administrative Agent or the Requisite Revolving Lenders shall
have determined not to make (or permit to be made) any Advance or incur (or permit to be incurred) any Letter of Credit Obligation so
long as the Borrowing Availability is exceeded; or

 

(iv)            
the Administrative Agent shall not have received a Notice of Advance in accordance with Section 2.1(a) or a L/C Application
in accordance with Section 2.2(e), as applicable.

 

(b)              
The receipt by Borrower of the proceeds of any requested Revolving Loan or Letter of Credit Obligation, as the case may be, shall
be deemed to constitute, as of the date of such incurrence, a representation and warranty by the Borrower that the conditions in this
Section 3.2 have been satisfied, to the extent applicable.

 

ARTICLE
IV

REPRESENTATIONS AND WARRANTIES

 

To induce Lenders to make the Loans and to incur
Letter of Credit Obligations, the Loan Parties executing this Agreement, jointly and severally, make the following representations and
warranties to Administrative Agent and each Lender with respect to all Loan Parties and their Restricted Subsidiaries, each and all of
which shall be made immediately after giving effect to the consummation of this Agreement, the Refinancing and the other transactions
contemplated by this Agreement to occur on the Effective Date and shall survive the execution and delivery of this Agreement.

 

 

 

 

    	 	47	 

     

    

 

 

 

4.1             
Organization; Requisite Power and Authority; Qualification.

 

Each of Holdings and its Restricted Subsidiaries
(other than Immaterial Subsidiaries) (a) is duly organized, validly existing and in good standing under the laws of its jurisdiction
of organization (which jurisdictions of organization as of the Effective Date are identified on Schedule 4.01), (b) 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 and (c) is qualified
to do business and in good standing in every jurisdiction where any material portion of its assets are located and wherever necessary
to carry out its material business and operations, except where the failure to be so qualified would not reasonably be expected to have,
either individually or in the aggregate, a Material Adverse Effect.

 

4.2             
Equity Interests and Ownership.

 

The Equity Interests of each of the Borrower, any
Guarantor which is not a Subsidiary of Holdings (each a “Non-Subsidiary Guarantor”) and their respective Restricted
Subsidiaries has been duly authorized and validly issued and is fully paid and non-assessable. Except as set forth on Schedule 4.2,
as of the Effective Date, there is no existing option, warrant, call, right, commitment or other agreement to which the Borrower, a Non-Subsidiary
Guarantor or any of their respective Subsidiaries is a party requiring, and there is no membership interest or other Equity Interests
of the Borrower, a Non-Subsidiary Guarantor or any of their respective Subsidiaries outstanding which upon conversion or exchange would
require, the issuance by the Borrower, a Non-Subsidiary Guarantor or any of their respective Subsidiaries of any additional membership
interests or other Equity Interests of the Borrower, a Non-Subsidiary Guarantor or any of their respective Subsidiaries or other Securities
convertible into, exchangeable for or evidencing the right to subscribe for or purchase, a membership interest or other Equity Interests
of the Borrower, a Non-Subsidiary Guarantor or any of their respective Subsidiaries. Schedule 4.2 correctly sets forth the ownership
interest of the Borrower, any Non-Subsidiary Guarantor and each of their respective Subsidiaries in their respective Subsidiaries as of
the Effective Date

 

4.3             
Due Authorization; No Conflicts; Government Consents; Enforceable Obligations.

 

(a)              
The execution, delivery and performance of the Loan Documents and the creation of all Liens provided for therein have been duly
authorized by all necessary action on the part of each Loan Party that is a party thereto.

 

(b)              
The execution, delivery and performance by the Loan Parties of the Loan Documents to which they are parties and the consummation
of the transactions contemplated by the Loan Documents do not and will not (a) violate (i) any provision of any law or any governmental
rule or regulation applicable to any Loan Party or any of its Restricted Subsidiaries, (ii) any of the Organization Documents of
any Loan Party or any of its Restricted Subsidiaries or (iii) any order, judgment or decree of any court or other agency of government
binding on any Loan Party or any of its Restricted Subsidiaries; (b) conflict with, result in a breach of or constitute (with due
notice or lapse of time or both) a default under any Contractual Obligation of any Loan Party or any of its Restricted Subsidiaries except
to the extent such conflict, breach or default could not reasonably be expected to have a Material Adverse Effect; (c) result in
or require the creation or imposition of any Lien upon any of the properties or assets of any Loan Party or any of its Restricted Subsidiaries
(other than any Liens created under any of the Loan Documents in favor of the Collateral Agent on behalf of the Secured Parties); or (d) require
any approval of stockholders, members or partners of any Loan Party or any of its Restricted Subsidiaries, except for such approvals which
have been obtained on or before the Effective Date and except for any such approvals the failure of which to obtain will not have a Material
Adverse Effect.

 

 

 

 

 

    	 	48	 

     

    

 

 

 

(c)              
The execution, delivery and performance by the Loan Parties of the Loan Documents to which they are parties and the consummation
of the transactions contemplated by the Loan Documents do not and will not require any registration with, consent or approval of, or notice
to, or other action to, with or by, any Governmental Authority except for (a) filings and recordings with respect to the Collateral to
be made, or otherwise delivered to the Collateral Agent for filing and/or recordation, as of the Effective Date, and (b) filings and recordings
with the SEC to disclose the Loan Documents.

 

(d)              
On or prior to the Effective Date, each of the Loan Documents shall have been duly executed and delivered by each Loan Party party
thereto, and each such Loan Document shall then constitute a legal, valid and binding obligation of such Person enforceable against it
in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium,
fraudulent conveyance or similar Laws relating to or limiting creditors’ rights generally or by equitable principles relating to
enforceability.

 

4.4             
Financial Statements and Projections.

 

(a)              
The Historical Financial Statements were prepared in conformity with GAAP and fairly present, in all material respects, the financial
position, on a consolidated basis, of the Persons described in such financial statements as at the respective dates thereof and the results
of operations and cash flows, on a consolidated basis, of the entities described therein for each of the periods then ended, subject,
in the case of any such unaudited financial statements, to changes resulting from audit and normal year-end adjustments. As of the Effective
Date, neither Holdings nor any of its Subsidiaries has any contingent liability or liability for Taxes, long-term lease or unusual forward
or long-term commitment that is not reflected in the Historical Financial Statements or the notes thereto and which in any such case is
material in relation to the business, operations, properties, assets, condition (financial or otherwise) or prospects of Holdings and
its Subsidiaries taken as a whole.

 

(b)              
Projections. The Projections have been prepared in good faith based upon assumptions believed by the Borrower to be reasonable
at the time made and at the time any such Projections were furnished to the Administrative Agent (it being recognized by the Administrative
Agent and the Lenders that (i) such Projections are not to be viewed as facts or a guarantee of performance and are subject to significant
uncertainties and contingencies many of which are beyond the Borrower’s control and (ii) no assurance can be given that any particular
financial projections will be realized, and that actual results during the period or periods covered by any such Projections may differ
from the projected results, and such differences may be material).

 

 

 

 

 

    	 	49	 

     

    

 

 

 

4.5             
Material Adverse Effect.

 

Since December 31, 2020, no event, condition or
change has occurred which, alone or together with other events, conditions or changes, has caused or evidences a Material Adverse Effect.

 

4.6             
Ownership of Property; Liens. (a) The Real Estate listed on Schedule 4.6 constitutes, as of the Closing Date, all of the
real property owned in fee by any Loan Party and its Restricted Subsidiaries. Each Loan Party and each Restricted Subsidiary of a Loan
Party owns good and marketable fee simple title to all of its owned Real Estate, and valid and marketable leasehold interests in all of
its material leased Real Estate, except where the failure to have such title would not reasonably be expected to have, individually or
in the aggregate, a Material Adverse Effect and in each case subject to (i) Permitted Liens and (ii) minor defects in title that do not
materially interfere with its ability to conduct its business or to utilize such assets for their intended purposes. Each Loan Party and
each of its Restricted Subsidiaries also has good and marketable title to, or valid leasehold interests in, all of its material personal
properties and assets, except where the failure to have such title would not reasonably be expected to have, individually or in the aggregate,
a Material Adverse Effect and in each case subject to (i) Permitted Liens and (ii) minor defects in title that do not materially interfere
with its ability to conduct its business or to utilize such assets for their intended purposes. None of the properties and assets of any
Loan Party or any Restricted Subsidiary of a Loan Party are subject to any Liens other than Permitted Liens.

 

(b)              
Flood Zone Properties. All real property that constitutes Collateral and that is a “flood hazard area” in any Flood
Insurance Rate Map published by the United States Federal Emergency Management Agency (or any successor agency) is covered by flood insurance
with reputable insurance companies not Affiliates of the Borrower, in such amounts and with such deductibles as the Administrative Agent
may reasonably request upon at least thirty days prior written notice to the Borrower.

 

4.7             
Labor Matters.

 

No Loan Party or any of its Subsidiaries is engaged
in any unfair labor practice that could reasonably be expected to have a Material Adverse Effect. There is (i) no unfair labor practice
complaint pending against such Loan Party or any of its Subsidiaries, or to the best knowledge of such Loan Party, threatened against
any of them before the National Labor Relations Board and no grievance or arbitration proceeding arising out of or under any collective
bargaining agreement that is so pending against any Loan Party or any of its Subsidiaries or to the best knowledge of such Loan Party,
threatened against any of them, (ii) no strike or work stoppage in existence or threatened involving any Loan Party or any of its
Subsidiaries and (iii) to the best knowledge of such Loan Party, no union representation question existing with respect to the employees
of any Loan Party or any of its Subsidiaries and, to the best knowledge of such Loan Party, no union organization activity that is taking
place, except (with respect to any matter specified in clause (i), (ii) or (iii) above, either individually or in the aggregate)
such as is not reasonably likely to have a Material Adverse Effect.

 

 

 

 

 

    	 	50	 

     

    

 

 

 

4.8             
Certain Fees.

 

No broker’s or finder’s fee or commission
shall be payable with respect to the transactions contemplated by the Loan Documents or the use of proceeds with respect thereto, except
as payable to the Agents and Lenders.

 

4.9             
Government Regulation.

 

No Loan Party or any of its Restricted 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 Restricted is or is required to register as an “investment company” as such term is defined in
the Investment Company Act of 1940.

 

4.10         
Margin Regulations.

 

No Loan Party and no Restricted Subsidiary of a
Loan Party is engaged, nor will it engage, principally or as one of its important activities, in the business of extending credit for
the purpose of “purchasing” or “carrying” any “margin security” as such terms are defined in Regulation
U of the Federal Reserve Board as now and from time to time hereafter in effect (such securities being referred to herein as “Margin
Stock”). None of the proceeds of the Loans or other extensions of credit under this Agreement will be used, directly or indirectly,
for the purpose of purchasing or carrying any Margin Stock, for the purpose of reducing or retiring any Indebtedness which was originally
incurred to purchase or carry any Margin Stock or for any other purpose which might cause any of the Loans or other extensions of credit
under this Agreement to be considered a “purpose credit” within the meaning of Regulation T, U or X of the Federal Reserve
Board.

 

4.11         
Taxes.

 

Except for failures that would not reasonably be
expected to result in a Material Adverse Effect, each Loan Party and each of its Restricted Subsidiaries has timely filed or caused to
be filed all Tax returns and reports required to have been filed by them and have paid or caused to be paid all Taxes required to have
been paid by them (including in their capacity as a withholding agent), except any Taxes that are being contested in good faith by appropriate
proceedings for which adequate reserves have been provided in accordance with GAAP or applicable foreign accounting principles.

 

4.12         
ERISA.

 

Except as would not reasonably be expected to have
a Material Adverse Effect, each Loan Party, each of its Subsidiaries and each of their respective ERISA Affiliates (i) are in compliance
in with all applicable provisions and requirements of ERISA and the IRC and the regulations and published interpretations thereunder with
respect to each Plan, and (ii) have performed all their obligations under each Plan. Except as would not reasonably be expected to have
a Material Adverse Effect, each Plan which is intended to qualify under Section 401(a) of the IRC has received a favorable determination
letter from the Internal Revenue Service indicating that such Plan is so qualified, or is maintained pursuant to a volume submitter or
prototype document

 

 

 

 

    	 	51	 

     

    

 

 

 

 that is subject to a favorable advisory or
opinion letter from the Internal Revenue Service, and nothing has occurred subsequent to the issuance of such determination,
advisory or opinion letter, as the case may be, which would cause such Plan to lose its qualified status. Except as would not
reasonably be expected to have a Material Adverse Effect, no liability to the PBGC (other than required premium payments), the
Internal Revenue Service, any Plan (other than in the ordinary course) or any trust established under Title IV of ERISA has
been or is expected to be incurred by any Loan Party, any of its Subsidiaries or any of their respective ERISA Affiliates with
respect to any Plan. No ERISA Event has occurred or is reasonably expected to occur that has had or would reasonably be expected to
have a Material Adverse Effect. Except to the extent required under Section 4980B of the Internal Revenue Code or similar state
laws, no Plan provides health or welfare benefits (through the purchase of insurance or otherwise) for any retired or former
employee of any Loan Party, any of its Subsidiaries or any of their respective ERISA Affiliates, except as would not reasonably be
expected to have a Material Adverse Effect. Except as would not reasonably be expected to have a Material Adverse Effect, the
present value of the aggregate benefit liabilities under each Pension Plan sponsored, maintained or contributed to by any Loan
Party, any of its Subsidiaries or any of their respective ERISA Affiliates (determined as of the end of the most recent plan year on
the basis of the actuarial assumptions specified for funding purposes in the most recent actuarial valuation for such Pension Plan)
did not exceed the aggregate current fair market value of the assets of such Pension Plan. As of the most recent valuation date for
each Multiemployer Plan, the potential liability of any Loan Party, its Subsidiaries and their respective ERISA Affiliates for a
complete withdrawal from such Multiemployer Plan (within the meaning of Section 4203 or Section 4205 of ERISA), when
aggregated with such potential liability for a complete withdrawal from all Multiemployer Plans, would not reasonably be expected to
have a Material Adverse Effect. Except as would not reasonably be expected to have a Material Adverse Effect, each Loan Party, each
of its Subsidiaries and each of their ERISA Affiliates have complied with the requirements of Section 515 of ERISA with respect
to each Multiemployer Plan and are not in material “default” (as defined in Section 4219(c)(5) of ERISA) with
respect to payments to a Multiemployer Plan.

 

4.13         
No Litigation.

 

No action, claim, lawsuit, demand, or proceeding
is now pending or, to the knowledge of any Loan Party, threatened in writing against any Loan Party or any of its Restricted Subsidiaries,
before any Governmental Authority or before any arbitrator or panel of arbitrators (collectively, “Litigation”), which
challenges the right or power of any Loan Party or any of its Restricted Subsidiaries to enter into or perform any of its obligations
under the Loan Documents to which it is a party, or the validity or enforceability of any Loan Document to which it is a party or any
action taken thereunder except in any case, for such Litigation that would not reasonably be expected to result in injunctive relief or
monetary judgment(s) against the Loan Parties or their Restricted Subsidiaries which would reasonably be expected to have a Material Adverse
Effect. No Loan Party nor any of its Restricted Subsidiaries (a) is in violation of any applicable laws (including Environmental
Laws) that, individually or in the aggregate, could reasonably be expected to have 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 Governmental Authority, that,
individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. Except as set forth on Schedule 4.13,
there is no Litigation pending or, to the knowledge of the Loan Parties, threatened in writing which has a reasonable likelihood of an
adverse determination that would reasonably be expected to have a Material Adverse Effect.

 

 

 

 

    	 	52	 

     

    

 

 

 

4.14         
Beneficial Ownership Regulation.

 

As of the Effective Date, the information included
in the Beneficial Ownership Certification is true and correct in all material respects.

 

4.15         
Intellectual Property.

 

Except as would not, individually or in the aggregate,
reasonably be expected to result in a Material Adverse Effect, (i) each of the Loan Parties owns, or is licensed to use, all Intellectual
Property necessary for or used in the conduct of its business as currently conducted, (ii) no claim has been asserted and is pending by
any Person challenging or questioning the ownership, registration or use of any Intellectual Property of the Loan Parties or the validity
or effectiveness of any Intellectual Property of the Loan Parties, nor does any Loan Party know of any valid basis for any such claim
and (iii) to the best of the Borrower’s knowledge, the use of Intellectual Property by each of the Loan Parties does not infringe
on the rights of any Person in any material respect.

 

4.16         
Full Disclosure.

 

No information contained in this Agreement, any
of the other Loan Documents, any Financial Statements or other reports delivered on or prior to the Effective Date by the Loan Parties
hereunder (other than projected financial information, pro forma financial information, budgets, estimates, forward-looking statements
and information of a general economic or industry nature) or any written statement furnished by or on behalf of any Loan Party or any
of its Restricted Subsidiaries (as modified or supplemented by other information so furnished) to Administrative Agent or any Lender on
or prior to the Effective Date pursuant to the terms of this Agreement, when taken as a whole, as of the date of such statement or other
information was furnished, contained any untrue statement of a material fact or omitted to state a material fact necessary to make the
statements contained herein or therein (when taken as a whole) not materially misleading in light of the circumstances under which they
were made.

 

4.17         
Environmental Matters.

 

Except as set forth in Schedule 4.17, as
of the Effective Date, (i) the Real Estate is free of contamination from any Hazardous Material except for such contamination that would
not result in Environmental Liabilities which would reasonably be expected to result in a Material Adverse Effect; (ii) no Loan Party
and no Restricted Subsidiary of a Loan Party has caused or suffered to occur any Release of Hazardous Materials on, at, in, under, above,
to, from or about any of its Real Estate which would result in Environmental Liabilities which would reasonably be expected to result
in a Material Adverse Effect; (iii) the Loan Parties and their Restricted Subsidiaries are and have been in compliance with all Environmental
Laws, except for such noncompliance which would not reasonably be expected to result in a Material Adverse Effect; (iv) the Loan Parties
and their Restricted Subsidiaries have obtained, maintained and are in compliance with, all Environmental Permits required by Environmental
Laws for the operations of their respective businesses as presently conducted or as proposed to be conducted, except where the failure
to so obtain or comply with

 

 

 

 

    	 	53	 

     

    

 

 

 

 such Environmental Permits would not result in Environmental Liabilities which would reasonably be expected
to result in a Material Adverse Effect; (v) no Loan Party and no Restricted Subsidiary of a Loan Party is involved in operations that
would reasonably be expected to result in a Material Adverse Effect; (vi) the Loan Parties’ and their Restricted Subsidiaries’
estimated costs of compliance with Environmental Laws and Environmental Permits for each of the two Fiscal Years following the Effective
Date would not reasonably be expected to result in a Material Adverse Effect; and (vii) no notice has been received by any Loan Party
or any of its Restricted Subsidiaries identifying it as a “potentially responsible party” or requesting information under
CERCLA or analogous Laws, and to the knowledge of the Loan Parties, there are no facts, circumstances or conditions that would reasonably
be expected to result in any Loan Party or any Restricted Subsidiary of a Loan Party being identified as a “potentially responsible
party” under CERCLA or analogous Laws except in each case under this clause (vii) those that would not reasonably be expected to
result in a Material Adverse Effect.

 

4.18         
Insurance. 

 

No Loan Party and no Restricted Subsidiary of a
Loan Party is in default of any obligation under any such material insurance policy other than such defaults that would not reasonably
be expected to have a Material Adverse Effect.

 

4.19         
No Defaults.

 

No Loan Party nor any of its Restricted Subsidiaries
is in default in the performance, observance or fulfillment of any of the obligations, covenants or conditions contained in any of its
Contractual Obligations, and no condition exists which, with the giving of notice or the lapse of time or both, could constitute such
a default, except where the consequences, direct or indirect, of such default or defaults, if any, would not reasonably be expected to
have a Material Adverse Effect. No Default or Event of Default has occurred and is continuing.

 

4.20         
Solvency.

 

Holdings and its Subsidiaries, taken as a whole,
are and upon the incurrence of any Obligation by any Loan Party on any date on which this representation and warranty is made, shall be,
Solvent.

 

4.21         
Health Care Matters.

 

(a)           
Compliance with Health Care Laws; Permits.

 

(i)                
Each Loan Party and each of their Subsidiaries, and any Person acting on their behalf, is and at all times has been in compliance
in all material respects with all Health Care Laws applicable to it, its products and its properties or other assets or its business or
operation, including its provision of professional services, except for such non-compliance which would not reasonably be expected to
result in a Material Adverse Effect. None of the Loan Parties or any of their Subsidiaries has received any written or oral notice from
any Governmental Authority, including, without limitation, the Food and Drug Administration, the Centers for Medicare & Medicaid Services,
and the Department of Health and Human Services Office of Inspector General, of potential or actual non-compliance by, or liability of,
any of the Loan Parties or any of their Subsidiaries, under any Health Care Law which has not been resolved, except for such non-compliance
or liabilities which would not reasonably be expected to result in a Material Adverse Effect.

 

 

 

 

    	 	54	 

     

    

 

 

 

(ii)               
Each Loan Party and each of their Subsidiaries, and any Person acting on their behalf, has in effect all Permits, including, without
limitation, all Permits necessary for it to own, lease or operate its properties and other assets and to carry on its business and operations,
including its provision of professional services, as presently conducted, except to the extent the failure to have such Permits would
not reasonably be expected to result in a Material Adverse Effect. All such Permits are in full force and effect except to the extent
the failure to have such Permits would not reasonably be expected to result in a Material Adverse Effect, and each of their Subsidiaries
are in compliance with each such Permit held by or issued to it except to the extent non-compliance would not reasonably be expected to
result in a Material Adverse Effect. As of the Effective Date, except to the extent the failure to have such Permits would not reasonably
be expected to result in a Material Adverse Effect. As of the Effective Date, and except as set forth on Schedule 4.20, no
action, demand, requirement or investigation by any Governmental Authority with respect to each Loan Party, each of their Subsidiaries,
any Person acting on their behalf, or any of their respective properties, other assets or provision of professional services under any
Requirements of Law, is pending or, to the knowledge of each Loan Party and their Subsidiaries, threatened in writing, except as would
not reasonably be expected to result in a Material Adverse Effect. None of the Loan Parties or any of their Subsidiaries has received
any written or oral notice from any Governmental Authority that it intends to or is threatening to revoke, suspend, modify or materially
limit any Permit, except as would not reasonably be expected to result in a Material Adverse Effect.

 

(b)          
Filings. Except as would not reasonably be expected to result in a Material Adverse Effect, all reports, documents, claims,
notices or approvals required to be filed, obtained, maintained or furnished to any Governmental Authority under Health Care Laws have
been so filed, obtained, maintained or furnished, and all such reports, documents, claims and notices were complete and correct in all
material respects on the date filed (or were corrected in or supplemented by a subsequent filing).

 

(c)           
Material Statements. Except as would not reasonably be expected to result in a Material Adverse Effect, no Loan Party or
any of their Subsidiaries, or any officer, affiliate, employee or agent of any Loan Party or any of their Subsidiaries, has made an untrue
statement of a material fact or fraudulent statement to any Governmental Authority, failed to disclose a material fact required to any
Governmental Authority, or committed an act, made a statement, or failed to make a statement that, at the time such disclosure was made,
would reasonably be expected to constitute a material violation of any Health Care Law. Except as would not reasonably be expected to
result in a Material Adverse Effect, no Loan Party or any of their Subsidiaries, or any officer, affiliate, employee or agent of any Loan
Party or any of their Subsidiaries, has made any untrue statement of material fact regarding claims incurred but not reported.

 

(d)           
Billing. Except as would not reasonably be expected to result in a Material Adverse Effect, each Loan Party, each of their
Subsidiaries and each contracting physician of each Loan Party or any of their Subsidiaries (to the extent required) has the requisite
provider number or other Permit to participate, submit 

 

 

 

 

 

    	 	55	 

     

    

 

 

 

claims to and receive
payments from the Medicare program (to the extent such entity participates in the Medicare program), the respective Medicaid program
in the state or states in which such entity operates, and all other Third Party Payor Programs, including but not limited to
Capitated Contracts with managed care organizations, that each Loan Party and each of their Subsidiaries currently bill. Except as
would not reasonably be expected to result in a Material Adverse Effect, each Loan Party and their Subsidiaries, as applicable, meet
all requirements of participation, claims submission and payment of the Third Party Payor Programs and is a party to valid
participation agreements for payment by such Third Party Payor Programs. Except as would not reasonably be expected to result in a
Material Adverse Effect, there is no investigation, audit, claim review, or other action pending, or to the knowledge of any Loan
Party or their Subsidiaries, threatened in writing which could result in a revocation, suspension, termination, probation,
restriction, limitation, or non-renewal of any Third Party Payor provider number or result in any Loan Party’s or any of their
Subsidiaries’ exclusion from any Third Party Payor Program. Except as would not reasonably be expected to result in a Material
Adverse Effect, no Loan Party or any of their Subsidiaries has billed or received any payment or reimbursement in excess of amounts
allowed by any Health Care Law or other law. For purposes of this Agreement, a “Third Party Payor” means
Medicare, Medicaid, TRICARE, Blue Cross and/or Blue Shield, state government insurers, private insurers and any other person or
entity which presently or in the future maintains Third Party Payor Programs. In addition, for purposes of this Agreement,
“Third Party Payor Programs” means all third party payor programs in which Borrower, each of the Loan Parties and
each of its Subsidiaries participates (including, without limitation, Medicare, Medicaid, TRICARE or any other federal or state
health care programs, as well as Blue Cross and/or Blue Shield, managed care plans, or any other private insurance programs).

 

(e)              
Contracted Providers. Except as would not reasonably be expected to result in a Material Adverse Effect, each Loan Party
and their Subsidiaries is in material compliance with all applicable material Health Care Laws regarding the selection, deselection, and
credentialing of contracted providers, including, but not limited to, verification of licensing status and eligibility for reimbursement
under the Third Party Payor Programs. Except as would not reasonably be expected to result in a Material Adverse Effect, all contracted
providers of each Loan Party and their Subsidiaries are properly licensed and hold appropriate Permits and clinical privileges, as applicable,
for the professional services which they provide, and, with respect to providers that perform services eligible for reimbursement under
any Third Party Payor Program, are not debarred or excluded from any such Third Party Payor Program.

 

(f)               
Proceedings. Except as would not reasonably be expected to result in a Material Adverse Effect, there are no facts, circumstances
or conditions that would reasonably be expected to form the basis for any material investigation, suit, claim, audit, action (legal or
regulatory) or proceeding (legal or regulatory) by a Governmental Authority against or affecting any Loan Party or any of their Subsidiaries
relating to any of the Health Care Laws.

 

(g)              
Prohibited Transactions. Except as would not reasonably be expected to result in a Material Adverse Effect, no Loan Party,
any of their Subsidiaries or any Person acting on behalf of any Loan Party or any of their Subsidiaries is a party to any contract, lease
agreement or other arrangement (including any joint venture, service or consulting agreement) with any physician, physician group, health
care facility, hospital, nursing facility, home health agency or other person who is in a position to make or influence referrals 

 

 

 

 

 

    	 	56	 

     

    

 

 

 

to or otherwise generate
business to provide services, lease space, lease equipment or engage in any other venture or activity, other than agreements which
are in compliance with all applicable Health Care Laws. Except as would not reasonably be expected to result in a Material Adverse
Effect, no Loan Party, any of their Subsidiaries, or any person acting on behalf of any Loan Parties or any their Subsidiaries,
directly or indirectly, has: (1) offered or paid any remuneration, in cash or in kind, to, or made any financial arrangements
with, any past, present or potential patient, supplier, medical staff member, contractor or Third Party Payor of any Loan Parties
and/or any of their Subsidiaries in order to illegally obtain business or payments from such person; (2) given or agreed to
give, or is aware that there has been made or that there is any illegal agreement to make, any illegal gift or gratuitous payment of
any kind, nature or description (whether in money, property or services) to any past, present or potential patient, supplier,
contractor, Third Party Payor or any other person; (3) made or agreed to make, or is aware that there has been made or that
there is any agreement to make, any contribution, payment or gift of funds or property to, or for the private use of, any
governmental official, employee or agent where either the contribution, payment or gift or the purpose of such contribution, payment
or gift is or was illegal under the laws of any government entity having jurisdiction over such payment, contribution or gift;
(4) established or maintained any unrecorded fund or asset for any purpose or made any misleading, false or artificial entries
on any of its books or records for any reason; or (5) made, or agreed to make, or is aware that there has been made or that
there is any agreement to make, any payment to any person with the intention or understanding that any part of such payment would be
used or was given for any purpose other than that described in the documents supporting such payment.

 

(h)              
Fair Market Value. Except as would not reasonably be expected to result in a Material Adverse Effect, the compensation paid
or to be paid by each Loan Party and each of their Subsidiaries to any physician or physician group who is employed by or contracted with
each Loan Party or any of their Subsidiaries is fair market value for the services and items actually provided by such physician, not
taking into account the value or volume of referrals or other business generated by such physicians or physician groups for each Loan
Party or each of their Subsidiaries. Except as would not reasonably be expected to result in a Material Adverse Effect, each Loan Party
and each of their Subsidiaries has at all times maintained a written agreement with each physician or physician group receiving compensation
from each Loan Party or any of their Subsidiaries.

 

(i)                
Medicare/Medicaid. Except as would not reasonably be expected to result in a Material Adverse Effect, there are no Medicare
or Medicaid termination proceedings underway with respect to any of the Loan Parties, each entity meets the Medicare conditions of participation
and, to Borrower’s knowledge after such reasonable investigation under the circumstances, no employee or independent contractor
of any Loan Parties has been excluded in participating in Medicare or Medicaid or any similar federal programs.

 

(j)                
Compliance. Except as would not reasonably be expected to result in a Material Adverse Effect, each Loan Party possesses
and implements all necessary policies and procedures to ensure that all aspects of each Loan Party’s operations, their employees,
and all healthcare providers under contract with any Loan Party, comply with all applicable Health Care Laws.

 

4.22         
Corporate Integrity Agreements, etc. 

 

Except as would not reasonably be expected to result
in a Material Adverse Effect, no Loan Party, or any of their Subsidiaries, is a party to any corporate integrity agreements, monitoring
agreements, consent decrees, settlement orders, or similar agreement with or imposed by any Governmental Authority.

 

 

 

 

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4.23         
Material Contracts.

 

All Material Contracts in effect on the Effective
Date are in full force and effect and no defaults currently exist thereunder, except as would not reasonably be expected to result in
a Material Adverse Effect.

 

4.24         
Compliance with Statutes, Etc.  

 

Each Loan Party and its Subsidiaries is in compliance
with all applicable statutes, regulations and orders of, and all applicable restrictions imposed by, all Governmental Authorities, in
respect of the conduct of its business and the ownership of its assets and property, except such non-compliance that, individually or
in the aggregate, would not reasonably be expected to result in a Material Adverse Effect.

 

4.25         
[Reserved].

 

4.26         
Anti-Corruption Laws and Sanctions.

 

(a)              
(i) None of the Borrower or any Subsidiary and none of their respective directors, officers or employees, and (ii) to the knowledge
of the Borrower or any Subsidiary, no agent of such Person that will act in any capacity in connection with or benefit from the credit
facility established hereby, is a Sanctioned Person.

 

(b)              
Holdings, the Borrower and its Subsidiaries and their respective officers, directors, employees, affiliates, and to the knowledge
of the Borrower or any Subsidiary, the agents of Holdings, the Borrower and its Subsidiaries, are in compliance with all aspects of the
Anti-Corruption Laws to the extent applicable to like businesses.

 

(c)              
None of Holdings, the Borrower, their Subsidiaries, and their respective officers, directors, employees, affiliates, and to the
knowledge of the Borrower or any Subsidiary, the agents of Holdings, the Borrower, and its Subsidiaries has (i) violated any provision
of any applicable Anti-Corruption Law or (ii) directly or indirectly offered, paid, promised to pay, or authorized the offer, payment
or promise of any advantage, financial or otherwise, or thing of value to any Governmental Authority or other Person (a “recipient”)
while knowing or having reason to know that all or a portion of such advantage or thing of value would be offered, given, or promised
to any recipient for the purposes of (A) influencing any act or decision of such recipient in his or her official capacity, (B) rewarding
the improper performance by any Person of its business or official activities or (C) in order to assist any of Holdings, the Borrower
and its Subsidiaries and their respective officers, directors, employees, affiliates, and the agents of Holdings, Borrower and its Subsidiaries
in obtaining or retaining business or a business advantage for Holdings, the Borrower or its Subsidiary.

 

4.27         
Use of Proceeds.

 

The Borrower will use the proceeds of the Loans
and will request the issuance of Letters of Credit only for the purposes specified in Section 2.4 of this Agreement. The proceeds
of the Loans and Letters of Credit will not be used in violation of Anti-Corruption Laws or applicable Sanctions.

 

 

 

 

    	 	58	 

     

    

 

 

 

4.28         
Security Interests.

 

Each Security Document will, upon execution and
delivery thereof, be effective to create in favor of the Administrative Agent, for its benefit and the benefit of the Secured Parties,
legal, valid and enforceable Liens on, and security interests in, all of the Loan Parties’ party thereto right, title and interest
in and to the Collateral thereunder under applicable Requirements of Law (to the extent required hereunder and thereunder) except as enforceability
may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’
rights generally and by general equitable principles (whether enforcement is sought by proceedings in equity or law), and (i) when appropriate
filings or recordings are made in the appropriate offices as may be required under applicable Requirements of Law (to the extent required
hereunder and thereunder), and (ii) upon the taking of possession, control or other action by the Administrative Agent of such Collateral
with respect to which a security interest may be perfected only by possession, control or other action (which possession, control or other
action shall be given to the Administrative Agent or taken by the Administrative Agent to the extent required by any Security Document),
the Liens in favor of Administrative Agent will constitute fully perfected Liens on, and security interests in, all right, title and interest
of such Loan Parties in such Collateral, in each case under applicable Requirements of Law (to the extent required hereunder and thereunder),
subject to no Liens other than the applicable Permitted Liens.

 

4.29         
Senior Ranking.

 

The Obligations constitute “First Lien Obligations”
or “Senior Debt” or any similar designation under and as defined any intercreditor or subordination agreement governing any
junior lien or subordinated Indebtedness, and the subordination provisions set forth in each such agreement are legally valid and enforceable
against the parties thereto.

 

ARTICLE
V

FINANCIAL STATEMENTS AND INFORMATION

 

5.1           
Reports and Notices.

 

Holdings shall deliver or cause to be delivered
to Administrative Agent from and after the date hereof and until the Termination Date the following:

 

(a)              
Quarterly Financials. Within forty-five (45) days after the end of each Fiscal Quarter (other than the fourth fiscal quarter
of any Fiscal Year) commencing with the Fiscal Quarter ending March 31, 2021, for Holdings and its Subsidiaries and Consolidated Joint
Ventures, consolidated unaudited balance sheets as of the close of such Fiscal Quarter and the related statements of income and cash flows
for such Fiscal Quarter, in each case setting forth in comparative form the figures for the corresponding period in the prior year subject
to normal year-end adjustments and the absence of footnotes;

 

 

 

 

 

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(b)              
Compliance Certificate and Analysis. Beginning with the Fiscal Quarter ended after the Effective Date, together with the
financial information delivered pursuant to Sections 5.1(a) and (d), a properly completed certificate in the form of Exhibit
5.1(b) (each, a “Compliance Certificate”);

 

(c)              
Financial Plan. No later than March 31 of each Fiscal Year, a consolidated plan and financial forecast for such Fiscal
Year, including (1) a forecasted consolidated balance sheet and forecasted consolidated statements of income and cash flows of Holdings
and its Restricted Subsidiaries and Consolidated Joint Ventures for such Fiscal Year, and an explanation of the assumptions on which such
forecasts are based and (2) forecasted consolidated statements of income and cash flows of Holdings and its Restricted Subsidiaries
and Consolidated Joint Ventures for each quarter of such Fiscal Year;

 

(d)              
Annual Audited Financials. Within ninety (90) days (or, if Holdings files an extension with the SEC, 105 days) after
the end of each Fiscal Year, audited Financial Statements for Holdings and its Subsidiaries and Consolidated Joint Ventures on a consolidated
basis, consisting of balance sheets and statements of income and stockholders’ equity and cash flows, setting forth in comparative
form in each case the figures for the previous Fiscal Year, which Financial Statements shall be prepared in accordance with GAAP, certified
without qualification as to “going concern” or scope of the audit, except for any “going concern” qualification
or exception as a result of the maturity of the Term Loans, or the Revolving Loans or other Indebtedness permitted under Section 7.3
or the termination of the Revolving Loan Commitment within the next 12 months or an anticipated breach of any financial covenant, by an
independent certified public accounting firm of national standing selected by Holdings and otherwise reasonably acceptable to Administrative
Agent (it being acknowledged by Administrative Agent that any “big four” accounting firm is reasonably acceptable);

 

(e)              
Default Notices. As soon as practicable, and in any event within five (5) Business Days after a Responsible Officer of a
Loan Party has knowledge of the existence of any Default, Event of Default or other event which has had, or would reasonably be expected
to have, a Material Adverse Effect, written notice specifying the nature and period of such Default or Event of Default or other event,
including the anticipated effect thereof and what action the Borrower (or such Loan Party) has taken, is taking and proposes to take with
respect thereto;

 

(f)               
[Reserved].

 

(g)              
Litigation. Promptly after a Responsible Officer of any Loan Party learns that any of the following is commenced or is threatened
in writing, written notice in reasonable detail of any Litigation commenced or threatened in writing against any Loan Party or any Restricted
Subsidiary of a Loan Party, in each case, which would reasonably be expected to have a Material Adverse Effect;

 

(h)              
Insurance Notices. Disclosure of losses or casualties required by Section 6.4;

 

(i)                
Supplement Financial Information. For any period in which a Subsidiary has been designated as an Unrestricted Subsidiary,
simultaneously with the delivery of the financial statements referred to in clauses (a) and (d) above for such period, supplemental financial
information necessary to eliminate the accounts of Unrestricted Subsidiaries from such consolidated financial statements;

 

 

 

 

 

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(j)                
PATRIOT Act. Promptly following any request therefor, information and documentation reasonably requested by the Administrative
Agent or any Lender required by applicable “know your customer” requirements under the PATRIOT Act, the Beneficial Ownership
Regulation or other applicable anti-money laundering laws;

 

(k)              
Certification of Public Information. Holdings and each Lender acknowledge that certain of the Lenders may be “public-side”
Lenders (Lenders that do not wish to receive material non-public information with respect to Holdings, its Subsidiaries or their securities)
and, if documents or notices required to be delivered pursuant to this Section 5.01 or otherwise are being distributed through
IntraLinks/IntraAgency, SyndTrak or another relevant website or other information platform (the “Platform”), any
document or notice that Holdings has indicated contains Non-Public Information shall not be posted on that portion of the Platform designated
for such public-side Lenders. Holdings agrees to clearly designate all Information provided to the Administrative Agent by or on behalf
of Holdings which is suitable to make available to Public Lenders. If Holdings has not indicated whether a document or notice delivered
pursuant to this Section 5.01 contains Non-Public Information, the Administrative Agent reserves the right to post such document
or notice solely on that portion of the Platform designated for Lenders who wish to receive material non-public information with respect
to Holdings, its Subsidiaries and their securities;

 

(l)                
Management Letters. Promptly after the receipt thereof by Holdings or the Borrower or any of their respective Subsidiaries,
a copy of any “management letter” received by any such Person from its certified public accountants and the management’s
response thereto;

 

(m)            
Annual Collateral Verification. Each year, at the time of delivery of annual financial statements with respect to the preceding
Fiscal Year pursuant to Section 5.1(d), each Loan Party shall deliver to the Collateral Agent a certificate of its Responsible
Officer either confirming that there has been no change in the information set forth in the Perfection Certificate since the date
of the Perfection Certificate delivered on the Effective Date or the date of the most recent certificate delivered pursuant to this Section
and/or identifying such changes; and

 

(n)              
Other Documents. Such other information and data with respect to Holdings or any of its Restricted Subsidiaries and Consolidated
Joint Ventures as from time to time may be reasonably requested by the Administrative Agent or any Lender.

 

Documents required to be delivered pursuant to
this Section 5.1 may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (A) on
which Holdings or the Borrower posts such documents to the E-System in accordance with Section 12.10; or (B) on which such documents
are posted on Holdings’ or the Borrower’s behalf on an Internet or intranet website, if any, to which each Lender and Administrative
Agent have access (whether a commercial, third-party website (including the website of the Securities and Exchange Commission) or whether
sponsored by the Administrative Agent); provided that the Borrower shall provide to the Administrative Agent by electronic mail
electronic versions (i.e., soft copies) of such documents and the Administrative Agent shall post such documents and notify (which may
be by facsimile or electronic mail) each Lender of the posting of any such documents.

 

 

 

 

 

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ARTICLE
VI

AFFIRMATIVE COVENANTS

 

Each of Holdings, the Borrower and each other Loan
Party executing this Agreement jointly and severally agrees as to all Loan Parties and their Restricted Subsidiaries that from and after
the date hereof and until the Termination Date:

 

6.1             
Maintenance of Existence and Conduct of Business.

 

Each Loan Party shall, and shall cause each of
its Restricted Subsidiaries to, subject to Sections 7.1 and 7.8: (a) do or cause to be done all things necessary to preserve
and keep in full force and effect its organizational existence and its rights and franchises; (b) continue to conduct its business substantially
as now conducted or as otherwise permitted hereunder; subject to reasonable extensions and modifications thereof; and (c) at all times
take all commercially reasonable action to maintain, preserve and protect all of its material assets and properties used or useful in
the conduct of its business, and keep the same in good repair, working order and condition in all material respects (taking into consideration
ordinary wear and tear, condemnation and casualty) and from time to time make, or cause to be made, all repairs, replacements and improvements
thereto necessary in its business judgement, except in each case (i) to the extent the failure to do so would not reasonably be expected
to have, individually or in the aggregate, a Material Adverse Effect, or (ii) pursuant to any merger, consolidation, liquidation, dissolution
or disposition permitted by Article VII.

 

6.2             
Payment of Taxes.

 

(a)              
Subject to Section 6.2(b), each Loan Party shall, and shall cause each of its Restricted Subsidiaries to, pay and discharge
or cause to be paid and discharged promptly all Taxes payable by it, including Taxes imposed upon it, its income and profits, or any of
its property (real, personal or mixed) and all Taxes with respect to social security and unemployment withholding with respect to its
employees, in each case, except where the failure to make payment would not reasonably be expected, individually or in the aggregate,
to result in a Material Adverse Effect.

 

(b)              
Each Loan Party and each Restricted Subsidiary of a Loan Party may in good faith contest, by appropriate proceedings, the validity
or amount of any Taxes described in Section 6.2(a); provided, that (i) adequate reserves with respect to such contest are
maintained on the books of the applicable Person, in accordance with GAAP, (ii) no material portion of the Collateral becomes subject
to forfeiture or loss as a result of such contest and (iii) such Loan Party or such Restricted Subsidiary, as applicable, shall promptly
pay or discharge such contested Taxes and all additional Taxes and expenses, if any, if such contest is terminated or discontinued adversely
to such Loan Party or such Restricted Subsidiary or the conditions set forth in this Section 6.2(b) are no longer met.

 

6.3             
Books and Records.

 

Each Loan Party shall, and shall cause each of
its Restricted Subsidiaries to, keep adequate books and records with respect to its business activities in which proper entries, reflecting
all material financial transactions, are made in accordance with GAAP in all material respects and on a basis consistent with the Financial
Statements.

 

 

 

 

 

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6.4           
Insurance; Damage to or Destruction of Collateral.

 

(a)              
The Loan Parties shall, and shall cause each of their Restricted Subsidiaries to, at their sole cost and expense, maintain policies
of insurance with financially sound and reputable (at the time the relevant coverage is placed or renewed) insurers with respect to its
properties and businesses against such casualties and contingencies as are in accordance with the general practices of businesses engaged
in similar activities in similar geographic areas. If any Loan Party or any Restricted Subsidiary of a Loan Party at any time or times
hereafter shall fail to obtain or maintain any of the policies of insurance required above or to pay all premiums relating thereto, Administrative
Agent may at any time or times thereafter, in consultation with the Borrower, obtain and maintain such policies of insurance and pay such
premiums and take any other action with respect thereto which Administrative Agent deems advisable, which shall be no greater than the
types and coverages required to be maintained hereunder; provided, that Borrower shall have the opportunity to cure such noncompliance
within five (5) Business Days of receiving written notice from the Administrative Agent that it intends to obtain, maintain or make payments
with respect to such insurance. Administrative Agent shall have no obligation to obtain insurance for any Loan Party or Restricted Subsidiary
of a Loan Party or pay any premiums therefor. By doing so, neither Administrative Agent nor any Lender shall be deemed to have waived
any Default or Event of Default arising from any Loan Party’s or its Restricted Subsidiary’s failure to maintain such insurance
or pay any premiums therefor. All sums so disbursed shall be payable promptly on demand by Borrower to Administrative Agent and shall
be additional Obligations hereunder secured by a Lien on the Collateral.

 

(b)              
Promptly following the Effective Date and thereafter, the Loan Parties shall deliver to Administrative Agent, in form and substance
reasonably satisfactory to Administrative Agent, certificates of insurance to (i) all “Special Form,” property and business
income insurance of the Loan Parties naming Administrative Agent, on behalf of itself and the Secured Parties, as lenders loss payee,
and (ii) all general liability and other liability policies of the Loan Parties naming Administrative Agent, on behalf of itself and the
Secured Parties, as additional insured.

 

(c)              
If at any time the area in which the Premises (as defined in the Mortgages, if any) under any Mortgage are located is designated
(i) a “special flood hazard area” in any Floor Insurance Rate Map published by the Federal Emergency Management Agency (or
any successor agency), the Loan Parties shall (1) obtain and maintain flood insurance with financially sound and reputable insurance companies
(except to the extent that any insurance company insuring the Mortgaged Property ceases to be sound and reputable after the Effective
Date, in which case, the Borrower shall or shall cause the applicable Loan Party to promptly replace such insurance company with a financially
sound and reputable insurance company), in such total amount as the Administrative Agent may from time to time reasonably require, and
otherwise sufficient to comply with all applicable rules and regulations promulgated pursuant to the Flood Insurance Laws, and (2) promptly
upon request of the Administrative Agent, will deliver to the Administrative Agent evidence of such compliance in form and substance reasonably
acceptable to the Administrative Agent including, without limitation, evidence of annual renewals of such insurance; or (ii) a “Zone
1” area, obtain earthquake insurance in such total amount as customary for similarly situated Persons engaged in the same or similar
businesses as the Borrower and its Restricted Subsidiaries.

 

 

 

 

 

    	 	63	 

     

    

 

 

 

6.5           
Compliance with Laws, Health Care Laws and Organization Documents.

 

Without limiting any other provision of this Agreement,
each Loan Party shall, and shall cause each of the Restricted Subsidiaries to, comply in all material respects with all Laws, including
but not limited to all Health Care Laws, applicable to it and the terms of all Organization Documents applicable to it, except to the
extent that the failure to comply, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect.
Each Loan Party shall, and shall cause each of its Restricted Subsidiaries, to obtain and maintain all licenses, permits (including Environmental
Permits), certifications, franchises, consents and governmental authorizations and approvals necessary to own its property and to conduct
its business as conducted on the Effective Date, except to the extent that the failure to do so, individually or in the aggregate, would
not reasonably be expected to have a Material Adverse Effect.

 

6.6           
Control Accounts; Approved Deposit Accounts.

 

Each Loan Party shall (i) deposit in an Approved
Deposit Account all Cash it receives, (ii) not establish or maintain any Securities Account or Commodities Account that is not a Control
Account and (iii) not establish or maintain any Deposit Account other than an Approved Deposit Account, provided however that notwithstanding
the foregoing, each Loan Party may (w) maintain zero-balance accounts for the purpose of managing local disbursements and collections
and may maintain payroll, withholding tax and other fiduciary accounts, (x) maintain accounts into which amounts are paid by a governmental
entity pursuant to one or more Health Care Laws so long as the amounts on deposit therein are transferred each Business Day to an Approved
Deposit Account or any other account permitted to be so utilized under this Section 6.6, (y) maintain other accounts as long as
the aggregate monthly average daily balance over the immediately preceding 12-month period for all such Loan Parties in all such other
accounts does not exceed $3,000,000 at any time and (z) make pledges or cash deposits permitted by Section 7.7.

 

6.7           
Intellectual Property.

 

(a)              
Unless otherwise permitted by the Loan Documents, each Loan Party shall, and shall cause each of its Restricted Subsidiaries to,
maintain, preserve and protect all of its Intellectual Property material to the operation of its business as conducted from time to time,
except to the extent that the failure to maintain, preserve and protect, individually or in the aggregate, would not reasonably be expected
to have a Material Adverse Effect.

 

(b)              
Each Loan Party shall, and shall cause each of its Restricted Subsidiaries to, conduct its business and affairs without material
infringement of or interference with any Intellectual Property of any other Person, except as would not reasonably be expected to have
a Material Adverse Effect.

 

6.8           
Environmental Matters.

 

 

 

 

 

    	 	64	 

     

    

 

 

 

Each Loan Party shall, and shall cause each of
its Restricted Subsidiaries to, (a) conduct its operations and keep and maintain its Real Estate in compliance with all Environmental
Laws and Environmental Permits other than noncompliance which would not reasonably be expected to have a Material Adverse Effect; (b)
implement any and all investigation, remediation, removal and response actions which are appropriate or necessary to maintain the value
and marketability of the Real Estate or to otherwise comply with Environmental Laws and Environmental Permits pertaining to the presence,
generation, treatment, storage, use, disposal, transportation or Release of any Hazardous Material on, at, in, under, above, to, from
or about any of its Real Estate other than where the failure to do so would not reasonably be expected to have a Material Adverse Effect;
provided, however, that none of the Loan Parties or any Restricted Subsidiary shall be required to undertake any investigation,
remedial, removal or other responsive action required by Environmental Laws or a Governmental Authority to the extent that its obligation
to do so is being contested in good faith and by proper proceedings and appropriate reserves are being maintained with respect to such
circumstances in accordance with GAAP; (c) notify Administrative Agent promptly after such Loan Party becomes aware of any violation of
Environmental Laws or Environmental Permits or any Release on, at, in, under, above, to, from or about any Real Estate which is reasonably
likely to result in Environmental Liabilities having a Material Adverse Effect; and (d) promptly forward to Administrative Agent a copy
of any order, notice, request for information or any communication or report received by such Loan Party in connection with any such violation
or Release or any other matter relating to any Environmental Laws or Environmental Permits that would reasonably be expected to have a
Material Adverse Effect.

 

6.9             
Access.

 

At its sole cost pursuant to Section 12.3
(provided that the Loan Parties shall not be required to pay such costs for more than one such visit per calendar year unless an
Event of Default has occurred and is continuing, in which event the costs of any and all such visits during such period shall be borne
by the Borrower), each Loan Party shall, and shall cause each of its Subsidiaries to, permit any authorized representatives designated
by the Administrative Agent to visit and inspect any of the properties of any Loan Party where its financial and accounting records are
maintained, to inspect, copy and take extracts from its and their financial and accounting records and to discuss its and their affairs,
finances and accounts with its and their officers and independent public accountants, all upon reasonable prior notice and at such reasonable
times during normal business hours and as often as may reasonably be requested. Notwithstanding anything to the contrary in this Section
6.9, none of the Borrower or any of the Restricted Subsidiaries will be required to disclose, permit the inspection, examination or
making copies or abstracts of, or discussion of, any document, information or other matter that (i) constitutes non-financial trade secrets
or non-financial proprietary information, (ii) in respect of which access or inspection by, or disclosure to, the Administrative Agent
or any Lender (or their respective officers, employees, designees and agents) is prohibited by Law, fiduciary duty or any binding agreement
or (iii) is subject to attorney-client or similar privilege or constitutes attorney work product.

 

6.10         
Post-Closing Obligations.

 

The Loans Parties shall deliver, or cause to be
delivered, to Administrative Agent, or otherwise complete in a manner reasonably satisfactory to the Administrative Agent, the following
items within the time periods designated below (unless such time periods are extended by Administrative Agent in its reasonable discretion
(which extension may be by e-mail)):

 

 

 

 

 

    	 	65	 

     

    

 

 

 

(a)              
The Loan Parties shall deliver to the Administrative Agent (i) evidence that the Administrative Agent has been named mortgagee
and loss payee with respect to the property or casualty insurance policies of the Loan Parties through endorsements that are in form and
substance reasonably satisfactory to the Administrative Agent and (ii) evidence that the Administrative Agent has been named an additional
insured with respect to the liability insurance policies of the Loan Parties through endorsements that are in form and substance reasonably
satisfactory to the Administrative Agent, no later than ninety (90) days following the Effective Date (or, in each case, such later date
as the Administrative Agent shall reasonably determine).

 

(b)              
The Loan Parties shall deliver to the Administrative Agent the certificates of insurance required under Section 6.4(b) no later
than ten (10) Business Days following the Effective Date (or such later date as the Administrative Agent shall reasonably determine).

 

(c)              
The Loan Parties shall deliver to the Administrative Agent certificate as to the good standing of Radnet Management II, Inc. from
the Secretary of State (or other similar official) of the jurisdiction of organization of such Loan Party no later than thirty (30) days
following the Effective Date (or such later date as the Administrative Agent shall reasonably determine).

 

6.11         
New Subsidiaries; Further Assurances.

 

(a)              
New Subsidiaries. If Holdings, the Borrower or any Subsidiary Guarantor forms or acquires a new direct wholly-owned Subsidiary
(other than any Excluded Subsidiary) or any Excluded Subsidiary ceases to be an Excluded Subsidiary, Holdings, the Borrower or such Subsidiary
Guarantor agrees to, within sixty (60) days (or such longer period agreed to by the Administrative Agent in its reasonable discretion)
following such acquisition or formation or cessation (i) to deliver to the Administrative Agent all certificates, if any, representing
the Stock of such Subsidiary (accompanied by undated stock powers, duly endorsed in blank) to the extent required by the Pledge and Security
Agreement, (ii) cause such Subsidiary to join (A) this Agreement by executing this Agreement (or a joinder hereto in form and substance
reasonably acceptable to Administrative Agent) as a Guarantor and (B) the Pledge and Security Agreement pursuant to a joinder in form
and substance reasonably satisfactory to Administrative Agent for the purposes of granting a security interest in such Subsidiary’s
Collateral for the benefit of the Administrative Agent and the Secured Parties as additional security for the Obligations, (iv) at the
request of the Administrative Agent, cause such Subsidiary to deliver documents of the type described in Section 3.1(c) with respect
to such Subsidiary, (v) cause such Subsidiary (and the Loan Party that holds the Stock of such Subsidiary) to take all such further actions
and execute all such further documents and instruments as required by the Pledge and Security Agreement and each other Security Document
to duly perfected the Liens created by the Security Documents, including the filing of financing statements in such jurisdictions as may
be reasonably requested by the Administrative Agent and delivery of certificates evidencing Stock pledged thereunder (accompanied by undated
stock powers) and (vi) if reasonably requested by Administrative Agent, deliver to the Administrative Agent a customary opinion of counsel
in form and substance reasonably acceptable to Administrative Agent, addressing, among other customary things, the due authorization,
due execution and delivery and enforceability of the foregoing documents with respect to such Subsidiary. Notwithstanding anything to
the contrary contained herein or in any other Loan Document, the pledge of the Stock of any first-tier Foreign Subsidiary that is a CFC
or any Foreign Holdco, if any, shall be limited to sixty-six percent (66%) of the Stock of any such Person entitled to vote (within the
meaning of Treasury Reg. Section 1.956-2(c)(2)) and one hundred percent (100%) of the non-voting Stock of any such Person.

 

 

 

 

 

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(b)              
Notwithstanding anything in this Agreement or any other Loan Document to the contrary: (a) in no event shall the Loan Parties be
required to grant a security interest in any Excluded Asset (as defined in the Pledge and Security Agreement); (b) in no event shall any
of the representations and warranties or covenants herein or in any other Security Document be deemed or construed to apply to any property
constituting Excluded Assets and (c) no Loan Party shall be required to perfect any pledges, security interests and mortgages in any Collateral
by any means other than (i) filings pursuant to the Uniform Commercial Code in the office of the secretary of state (or similar central
filing office) of the relevant state(s) and filings in the applicable real estate records with respect to mortgaged properties or any
fixtures relating to Material Real Estate and (ii) the other actions and steps required under the Pledge and Security Agreement.

 

(c)              
Further Assurances. Subject to the terms, conditions, limitations, exceptions and requirements set forth in the Loan Documents,
each Loan Party executing this Agreement agrees that it shall and shall cause each other Loan Party to, at such Loan Party’s expense
and upon the reasonable request of Administrative Agent, duly execute and deliver, or cause to be duly executed and delivered, to Administrative
Agent such further agreements, instruments and documents and do and cause to be done such further acts as may be necessary to carry out
more effectually the provisions of this Agreement or any other Loan Document. In the event any Loan Party acquires any Material Real Estate,
within ninety (90) days following such acquisition (or such other date as may be agreed to by the Administrative Agent), such Person shall
execute and/or deliver, or cause to be executed and/or delivered, to Administrative Agent, (i) a fully executed Mortgage, in form and
substance reasonably satisfactory to Administrative Agent together with an A.L.T.A. lender’s title insurance policy, in form and
substance and in an amount reasonably satisfactory to Administrative Agent insuring that the Mortgage is a valid and enforceable Lien
on the respective Material Real Estate, free and clear of all Liens other than Permitted Liens, (ii) A.L.T.A. surveys, certified to Administrative
Agent by a licensed surveyor sufficient to allow the issuer of the lender’s title insurance policy to issue such policy without
a survey exception, (iii) a completed “Life-of-Loan” Federal Emergency Management Agency Standard Floor Hazard Determination
with respect to such Material Real Estate, (iv) any existing environmental site assessment and (v) customary opinions to the extent reasonably
requested. Notwithstanding anything  herein to the contrary no Mortgage shall be signed unless and until each Revolving Lender has
received and approved the flood zone determinations and related flood documentation described above.

 

(d)              
Administrative Agent’s Discretion. Notwithstanding anything in this Agreement or any Security Document to the contrary,
the Administrative Agent may, in its sole discretion, grant extensions of time for the satisfaction of any of the requirements under this
Section 6.11 in respect of any particular Collateral or any particular Restricted Subsidiary if it determines that the satisfaction
thereof with respect to such Collateral or such Subsidiary cannot be accomplished without undue expense or unreasonable effort or due
to factors beyond the control of Borrower and the Restricted Subsidiaries by the time or times at which it would otherwise be required
to be satisfied under this Agreement or any Security Document.

 

 

 

 

 

    	 	67	 

     

    

 

 

 

6.12         
Conduct of Business.

 

From and after the Effective Date, engage in any
business (either directly or through a Subsidiary) other than the businesses engaged in by such Loan Party on the Effective Date and any
business that is similar, reasonably related, incidental or ancillary thereto or a business that is acquired pursuant to a Permitted Acquisition.

 

6.13       Unrestricted
Subsidiary Designation.The Borrower may at any time on or after the Effective Date designate any Restricted Subsidiary as an Unrestricted
Subsidiary or any Unrestricted Subsidiary as a Restricted Subsidiary; provided that, immediately after giving Pro Forma Effect
to any such designation or re-designation and any related transactions to be consummated in connection therewith and all other customary
pro forma events and adjustments, (i) no Event of Default shall have occurred and be continuing, (ii) the Total Net Leverage Ratio, when
calculated on a Pro Forma Basis as of the last day of the most recent Measurement Period ended prior to the applicable date of determination
for which Financial Statements are required to be delivered, as the case may be, shall not exceed 5.50 to 1.00, (iii) no Unrestricted
Subsidiary shall own any Stock in any Loan Party or hold any Indebtedness of, or any Lien on any property of, any Loan Party and (iii)
no Unrestricted Subsidiary shall own any Material Intellectual Property and no Restricted Subsidiary which holds Material Intellectual
Property or any Stock in any Subsidiary that holds Material Intellectual Property may be designated as an Unrestricted Subsidiary. The
designation of any Subsidiary as an Unrestricted Subsidiary after the Effective Date shall constitute an Investment by the Borrower therein
at the date of designation in an amount equal to the fair market value as determined in good faith by the Borrower of the Borrower’s
Investment therein. The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute (i) the incurrence at the
time of designation of any Investment, Indebtedness and Liens of such Subsidiary existing at such time and (ii) a return on any Investment
by the Borrower in such Subsidiary pursuant to the preceding sentence in an amount equal to the fair market value as determined in good
faith by the Borrower at the date of such designation of the Borrower’s Investment in such Subsidiary.

 

6.14        Use
of Proceeds.

 

The Borrower shall use the proceeds of the Loans
and Letters of Credit only for the purposes specified in Section 2.4 of this Agreement.

 

6.15         
Annual Lenders’ Call.

 

At the request of the Requisite Lenders, the Borrower
will conduct one conference call each calendar year, with the Administrative Agent and the Lenders to discuss, among other things, the
financial results and the financial condition of the Loan Parties and their Subsidiaries, along with any other material developments relating
to the business of the Loan Parties and their Restricted Subsidiaries, at which meeting shall be present the chief executive officer or
chief financial officer of the Borrower together with such other officers of the Loan Parties and their Restricted Subsidiaries as may
be reasonably requested by the Administrative Agent to participate in such meeting, such request to be made within a reasonable period
of time prior to the scheduled date of such meeting. Such conference call shall be held at a time mutually agreed to by the Administrative
Agent and the Borrower.

 

 

 

 

 

    	 	68	 

     

    

 

 

 

6.16        Maintenance
of Ratings.

 

The Borrower shall use commercially reasonable
efforts to maintain (at its own expense) a corporate family rating and a rating with respect to its senior secured debt issued by Moody’s
and a corporate credit rating and a rating with respect to its senior secured debt issued by S&P (but in each case not a specific
rating); provided that in no event shall the Borrower be deemed to be in breach of this Section 6.15 if the Borrower has
used commercially reasonable efforts to maintain such ratings and the failure to maintain such ratings results from the non-performance
of either Moody’s or S&P for whatever reason (other than as a result of the failure by the Borrower to use such aforementioned
commercially reasonable efforts).

 

6.17       Sanctions;
International Trade Laws. The Borrower will maintain in effect and enforce policies and procedures designed to ensure compliance by
the Borrower, its Subsidiaries, and their respective officers, directors, employees and agents with any applicable International Trade
Laws and any applicable Sanctions and will conduct its business in compliance with any applicable International Trade Laws and any applicable
Sanctions, in all material respects.

 

ARTICLE
VII

NEGATIVE COVENANTS

 

Holdings, the Borrower and each other Loan Party
party hereto covenant and agree with each Lender that from the Effective Date until the Termination Date, neither Holdings, the Borrower
nor such Loan Party will, nor will they cause or permit any of the Restricted Subsidiaries to:

 

7.1             
Mergers, Subsidiaries, Etc.

 

Directly or indirectly, by operation of Law or
otherwise, (a) convert into any other organizational form or (b) merge with, consolidate with, acquire all or substantially all of the
assets or Stock of, or otherwise combine or merge with or acquire, any Person or any operating division of any Person, except that:

 

(i)                
any Restricted Subsidiary may merge, consolidate or otherwise combine with and into any Subsidiary Guarantor or the Borrower; provided
that (w) such Subsidiary Guarantor (in the case of a merger, consolidation or other combination with a Subsidiary Guarantor) or the Borrower
(in the case of a merger, consolidation or other combination with the Borrower), as the case may be, is the surviving entity, (x) no wholly-owned
Restricted Subsidiary may merge, consolidate or combine with or into a non-wholly-owned Restricted Subsidiary unless the wholly-owned
Restricted Subsidiary is the surviving entity, (y) no Domestic Subsidiary may merge, consolidate or combine with or into a Foreign Subsidiary
unless a Domestic Subsidiary is the surviving entity and (z) Administrative Agent has been provided written notice of any such transaction
within ten (10) Business Days or such later date as agreed to by the Administrative Agent;

 

 

 

 

 

    	 	69	 

     

    

 

 

 

(ii)             
any Restricted Subsidiary that is not a Subsidiary Guarantor may merge, consolidate or otherwise combine with and into any other
Subsidiary of any Loan Party that is not a Loan Party; provided that no wholly-owned Restricted Subsidiary may merge, consolidate
or combine with or into a non-wholly-owned Subsidiary unless the wholly-owned Subsidiary is the surviving entity;

 

(iii)           
[Reserved];

 

(iv)            
the Loan Parties and their Restricted Subsidiaries may consummate Permitted Acquisitions and Investments (whether through a merger,
consolidation, Stock purchase, asset purchase or otherwise) to the extent any such Permitted Acquisition or Investment is permitted under
Section 7.2; and

 

(v)              
Loan Parties and their Restricted Subsidiaries may consummate a merger or consolidation of the Borrower into a newly formed entity
organized under the laws of the United States of America, any state thereof or the District of Columbia; provided that either the
Borrower shall be the surviving Person in such transaction or the Person surviving such transaction shall expressly assume, pursuant to
an instrument reasonably satisfactory to the Administrative Agent, all liabilities and obligations of the Borrower under this Agreement
and the other Loan Documents to which the Borrower is party.

 

For the avoidance of doubt, nothing in this Agreement shall prevent
Holdings, the Borrower or any Subsidiaries from being converted into, or reorganized or reconstituted as a limited liability company,
limited partnership or corporation (or any similar form under a foreign jurisdiction in which such Subsidiary is organized at the time
of such conversion, reorganization or reconstitution); provided that, with respect to any Loan Party, (i) the Loan Parties shall
comply with the provisions of Section 6.11 and (ii) such Loan Party may not be converted into, or reorganized or reconstituted
as any entity other than a domestic entity unless such conversion, reorganization or reconstitution is in connection with a transaction
constituting an Investment permitted under Section 7.2.

 

7.2             
Investments; Loans and Advances.

 

Make or permit to exist any Investment in or to any Person, including
any Investment in or to any Joint Venture, except for:

 

(a)              
Investments permitted under Sections 7.3(xi) or 7.8(o);

 

(b)              
transactions permitted under Section 7.01 (other than Section 7.01(iv));

 

(c)              
Investments in cash, Cash Equivalents and investments that were cash or Cash Equivalents at the time made;

 

(d)              
[reserved];

 

 

 

 

 

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(e)              
loans and advances permitted under Section 7.4(a);

 

(f)               
[reserved;]

 

(g)              
Investments received as the non-cash portion of consideration received in connection with transactions permitted pursuant to Section
7.8;

 

(h)              
Investments in and to the Borrower or any Restricted Subsidiaries that are Loan Parties;

 

(i)                
(A) Investments existing on the Effective Date in and to Restricted Subsidiaries that are not Loan Parties that are set forth on
Schedule 7.2; and (B) Investments made after the Effective Date in and to Restricted Subsidiaries that are not Loan Parties, provided
that (1) in the case of Investments made after the Effective Date by the Loan Parties in or to Restricted Subsidiaries that are not Loan
Parties, the aggregate outstanding principal amount of such Investments made after the Effective Date and any Investments made after the
Effective Date pursuant to Section 7.2(k) shall not exceed $150,000,000 and (2) in the case Investments consisting of intercompany loans
and advances made by Subsidiaries that are not Loan Parties to Loan Parties, such intercompany loans and advances shall be subordinated
to the Obligations on terms and conditions reasonably satisfactory to the Administrative Agent;

 

(j)                
Investments acquired in connection with the settlement of delinquent accounts in the ordinary course of business or in connection
with the settlement of disputes with suppliers or customer or the bankruptcy or reorganization of suppliers or customers;

 

(k)              
(A) Investments existing on the Effective Date in Joint Ventures and Subsidiaries which are not Wholly-Owned Subsidiary Guarantors
that are set forth on Schedule 7.2, and (B) Investments made after the Effective Date in Joint Ventures and Subsidiaries which
are not Wholly-Owned Subsidiary Guarantors, provided that in the case of Investments (including through intercompany loans) made after
the Effective Date by the Loan Parties in Joint Ventures and Subsidiaries which are not Wholly-Owned Subsidiary Guarantors, the aggregate
outstanding principal amount of such Investments made after the Effective Date and any Investments made after the Effective Date pursuant
to Section 7.2(i) shall not exceed $150,000,000;

 

(l)                
Investments existing on the Effective Date and set forth on Schedule 7.2 and any replacements, renewals or extensions thereof;
provided that the amount of the original Investment is not increased except as otherwise permitted hereby;

 

(m)            
Investments in deposit accounts in the ordinary course of business and in compliance with the provisions of the Loan Documents;

 

(n)              
to the extent constituting an Investment, (i) endorsements for collection or deposit in the ordinary course of business, (ii) extensions
of trade credit arising or acquired in the ordinary course of business, (iii) deposits, prepayments and other credits to suppliers made
in the ordinary course of business, and (iv) deposits and pledges permitted under Section 7.7;

 

(o)              
Guaranteed Indebtedness otherwise permitted hereunder;

 

 

 

 

 

    	 	71	 

     

    

 

 

 

(p)              
other Investments not to exceed in the aggregate at any time outstanding the greater of (x) $45,000,000 and (y) 25%
of TTM Consolidated EBITDA, plus, any available amounts under Section 7.14(o) which the Borrower has reallocated for use under
this clause (p);

 

(q)              
Permitted Acquisitions; provided that the cash (and Cash Equivalent) consideration paid for Permitted Acquisitions (including
any Investments in any Subsidiary that is not a Loan Party to permit the consummation of Permitted Acquisitions) of Subsidiaries that
are not a Loan Parties and Permitted Acquisitions of assets that are not owned by Loan Parties shall not exceed, in the aggregate, the
greater of (x) $25,000,000 and (y) 15% of TTM Consolidated EBITDA;

 

(r)               
[reserved];

 

(s)               
Investments consisting of an increase in the value of any Investment otherwise permitted by this Section 7.2;

 

(t)                
Investments in the form of Hedge Agreements otherwise permitted hereunder;

 

(u)              
Investments by any Person existing at the time such Person became a Subsidiary (and extensions, replacements and renewals thereof);
provided, however, that all such Investments existed at the time such Person became a Subsidiary and were not made or incurred
in connection therewith or in contemplation thereof;

 

(v)              
Investments to the extent that payment for such Investments is made with Stock (other than Disqualified Stock) of Holdings;

 

(w)            
guaranty obligations in respect of leases (other than Capital Leases) or of other obligations that do not constitute Indebtedness
entered into in the ordinary course of business;

 

(x)              
Investments consisting of Capital Expenditures with respect to the Borrower and the Guarantors;

 

(y)              
extensions of trade credit to customers (not more than 60 days overdue in any invoice) in the ordinary course of business;

 

(z)              
Investments made in lieu of Restricted Payments that are permitted under Section 7.14; provided that such Investments shall
reduce the amount of Restricted Payments permitted under Section 7.14;

 

(aa)           
other Investments in an amount not to exceed the Available Amount then in effect; provided that, solely in the case of any
Investment made in reliance on the Available Amount Starter Basket or the Available Retained Excess Cash Flow Amount, immediately after
giving Pro Forma Effect to such Investment, the usage of the Available Amount in connection therewith and any related transactions to
be consummated in connection therewith and all other customary pro forma events and adjustments and subject to Section 1.3 in the
case of any such Investment made in connection with a Limited Condition Transaction, (i) no Specified Event of Default shall have occurred
and be continuing and (ii) the Total Net Leverage Ratio, when calculated on a Pro Forma Basis as of the last day of the most recent Measurement
Period ended prior to the applicable date of determination for which Financial Statements are required to be delivered, shall not exceed
5.50 to 1.00; and

 

 

 

 

 

    	 	72	 

     

    

 

 

 

(bb)          
unlimited Investments so long as immediately after giving Pro Forma Effect to any such Investment and any related transactions
to be consummated in connection therewith and all other customary pro forma events and adjustments (and subject to Section 1.3 in
the case of any such Investment made in connection with a Limited Condition Transaction), (i) no Event of Default shall have occurred
and be continuing and (ii) the Total Net Leverage Ratio, when calculated on a Pro Forma Basis as of the last day of the most recent Measurement
Period ended prior to the applicable date of determination for which Financial Statements are required to be delivered, shall not exceed
5.00 to 1.00;

 

provided that, (i) for the avoidance of
doubt, Investments permitted under this Section 7.2 may be made in the form of cash, Cash Equivalents or any other property or
assets, and (ii) notwithstanding anything to the contrary in this Section 7.2, no Loan Party or Restricted Subsidiary shall make
any Investment in any Unrestricted Subsidiary in the form of Material Intellectual Property or Equity Interests of any Person that owns,
or owns the exclusive rights to utilize, any Material Intellectual Property.

 

7.3             
Indebtedness.

 

Create, incur, assume or permit to exist any Indebtedness,
except (without duplication):

 

(i)                
Indebtedness incurred during any Fiscal Year (or assumed in connection with a Permitted Acquisition or other permitted Investment)
to finance (or refinance) the acquisition, construction or improvement of any fixed or capital assets, Capital Lease Obligations and purchase
money Indebtedness with respect to Equipment and Fixtures in an aggregate outstanding principal amount, together with any Refinancing
Debt with respect thereto, during such Fiscal Year not to exceed the greater of (x) $35,000,000 and (y) 20% of TTM Consolidated
EBITDA at the time of incurrence;

 

(ii)             
Indebtedness created hereunder and under the other Loan Documents and Credit Agreement Refinancing Indebtedness with respect thereto;

 

(iii)           
deferred taxes;

 

(iv)            
Indebtedness existing on the Effective Date and set forth in Schedule 7.3;

 

(v)              
Indebtedness in respect of intercompany loans and advances permitted by Section 7.2; provided that in the case Investments
consisting of intercompany loans and advances made by Subsidiaries that are not Loan Parties to Loan Parties, such intercompany loans
and advances shall be subordinated to the Obligations on terms and conditions reasonably satisfactory to the Administrative Agent;

 

 

 

 

 

    	 	73	 

     

    

 

 

 

(vi)            
guaranties in the ordinary course of business of the obligations of suppliers, customers, franchisees, real property lessors and
licensees of the Borrower and its Subsidiaries;

 

(vii)         
Indebtedness of any Restricted Subsidiary other than a Loan Party in an aggregate outstanding principal amount, together with any
Refinancing Debt with respect thereto, not to exceed the greater of (x) $35,000,000 and (y) 20% of TTM Consolidated EBITDA
at the time of incurrence;

 

(viii)       
Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar instrument inadvertently
drawn against insufficient funds in the ordinary course of business;

 

(ix)            
unsecured Indebtedness in respect of financing insurance premiums (not to exceed 12 months of premiums) in the ordinary course
of business or Indebtedness in respect of bid, performance or surety, appeal or similar bonds and completion guarantees provided in the
ordinary course of business (including with respect to workers’ compensation claims);

 

(x)              
(A) Incremental Equivalent Debt; provided that the aggregate principal amount of Incremental Equivalent Debt shall not exceed
the Incremental Cap as in effect on the applicable date of incurrence;

 

(xi)            
(A) obligations in respect of Hedge Agreements entered into for bona fide hedging purposes and not for speculation and (B) obligations
in respect of Cash Management Agreements;

 

(xii)         
endorsements for collection, deposit or negotiation and warranties of products and services, in each case, incurred in the ordinary
course of business;

 

(xiii)       
Guaranteed Indebtedness in respect of Indebtedness otherwise not prohibited by this Section 7.3; provided that, if
such Indebtedness is unsecured or subordinated to the Obligations, as the case may be, such Guaranteed Indebtedness shall also be unsecured
or subordinated to the Obligations, as applicable;

 

(xiv)        
Indebtedness in respect of automated clearing house transfers of funds, netting services, overdraft protection and other similar
arrangements in connection with deposit, securities, and commodities accounts in the ordinary course of business;

 

(xv)          
to the extent constituting Indebtedness, obligations in respect of seller notes, holdback obligations, deferred purchase price
obligations, working capital adjustments, indemnities and similar obligations incurred in connection with asset dispositions, Permitted
Acquisitions and other Investments not prohibited hereunder, not exceed, in the aggregate, the greater of (x) $50,000,000 and (y)
30% of TTM Consolidated EBITDA;

 

 

 

 

 

    	 	74	 

     

    

 

 

 

(xvi)        
Indebtedness with respect to judgments or awards not constituting an Event of Default;

 

(xvii)     
[Reserved].

 

(xviii)   
Indebtedness representing deferred compensation to employees, former employees, officers, former officers, directors, former directors,
consultants (or any spouses, ex-spouses, or estates of any of the foregoing) incurred (a) in the ordinary course of business or (b) in
connection with any Permitted Acquisition other Investments permitted hereunder;

 

(xix)        
unsecured Indebtedness owing to banks or other financial institutions under credit cards to officers and employees for, and constituting,
business-related expenses in the ordinary course of business;

 

(xx)          
Indebtedness that is assumed in connection with a Permitted Acquisition or other Investment permitted under Section 7.2
(together with any Refinancing Debt with respect thereto); provided that (A) such Indebtedness was not incurred in contemplation
of such Permitted Acquisition or other Investment and (B) subject to Section 1.3, when calculated on a Pro Forma Basis as of the
last day of the most recent Measurement Period ended prior to the applicable date of determination for which Financial Statements are
required to be delivered after giving Pro Forma Effect to such Permitted Acquisition or other Investment, as the case may be, and any
related transactions to be consummated in connection therewith and all other customary pro forma events and adjustments, either (I) the
aggregate outstanding principal amount of all such Indebtedness, together with any Refinancing Debt with respect thereto, shall not exceed
the greater of (x) $50,000,000 and (y) 30% of TTM Consolidated EBITDA at the time of incurrence or (II) the Loan Parties
shall be in compliance with the financial covenant set forth in Section 7.10 (whether or not then in effect);

 

(xxi)        
[reserved];

 

(xxii)     
Indebtedness incurred in connection with the issuance of letters of credit by issuers other than any L/C Issuer; provided
that the aggregate face amounts of any such letters of credit shall not exceed the greater of (x) $15,000,000 and (y) 10%
of TTM Consolidated EBITDA at the time of incurrence;

 

(xxiii)   
Permitted Ratio Debt in an aggregate outstanding principal amount, together with any Refinancing Debt with respect thereto, not
to exceed the Incremental Cap as in effect on the date of incurrence of such Permitted Ratio Debt; provided that the aggregate
outstanding principal amount of Permitted Ratio Debt incurred by Subsidiaries of the Borrower that are not Guarantors shall not exceed
the greater of (x) $35,000,000 and (y) 20% of TTM Consolidated EBITDA at the time of incurrence;

 

(xxiv)    
Indebtedness in an aggregate outstanding principal amount not to exceed the greater of (x) $50,000,000 and (y) 30%
of TTM Consolidated EBITDA at the time of incurrence;

 

 

 

 

 

    	 	75	 

     

    

 

 

 

(xxv)      
Indebtedness constituting Refinancing Debt with respect to Indebtedness described in Section 7.3(iv), (x), (xi)
or (xxv) and

 

(xxvi)    
 all premiums (if any), interest (including post-petition interest), fees, expenses, charges and additional or contingent interest
on obligations described in clauses (i) through (xxv) above.

 

7.4             
Affiliate Transactions.

 

Except as otherwise expressly permitted herein,
enter into or be a party to any transaction with any other Loan Party or any Affiliate thereof except (i) (A) upon fair and reasonable
terms that are no less favorable to such Loan Party or such Restricted Subsidiary than would be obtained in a comparable arm’s length
transaction with a Person not an Affiliate and (B) any transaction (or series of related transactions) with Affiliates of any Loan Party
or any Restricted Subsidiary thereof with a fair market value less than the greater of (x) 5% of TTM Consolidated EBITDA and (y)
$8,500,000 or (ii) any of the following:

 

(a)              
Loans to present and former employees, directors or officers of any Loan Party or Restricted Subsidiary for travel expenses, relocation
costs and similar purposes or otherwise in the ordinary course of business up to a maximum of $1,500,000 in the aggregate for the
Loan Parties and their Restricted Subsidiaries at any one time outstanding.

 

(b)              
any transaction among Loan Parties and/or Restricted Subsidiaries not otherwise prohibited hereunder;

 

(c)              
the performance of obligations under any employment contract, collective bargaining agreement, employee benefit plan, related trust
agreement or any other similar arrangement;

 

(d)              
compensation (including equity compensation, bonuses, severance, benefits and indemnification arrangements) provided to employees,
officers, directors or members of management entered into in the ordinary course of business;

 

(e)              
equity issuances not prohibited by this Agreement;

 

(f)               
payments by Holdings and its Restricted Subsidiaries pursuant to tax sharing agreements among Holdings (as its direct or indirect
parent) and its Subsidiaries; provided that any such payments by the Borrower and any of its Restricted Subsidiaries are permitted
under Section 7.14(b);

 

(g)              
payments or other obligations in connection with any documents entered into in accordance with any Permitted Acquisition or other
Investment permitted hereunder;

 

(h)              
Restricted Payments permitted under Section 7.14;

 

(i)                
[reserved];

 

(j)                
[reserved];

 

 

 

 

 

    	 	76	 

     

    

 

 

 

(k)              
[reserved];

 

(l)                
transactions and arrangements contemplated by the agreements and arrangements existing on the Effective Date and set forth on Schedule
7.4 (as amended, restated or otherwise modified in a manner not adverse in any material respect to the Lenders);

 

(m)            
[reserved]; and

 

(n)              
the payment of reasonable fees and compensation to, and the provisions of indemnities on behalf of (and the making of payments
in respect of such indemnities), officers, directors (or equivalent governing body) and employees of Holdings (or any direct or indirect
parent thereof to the extent related to the business or operations of Holdings and its Subsidiaries) or its Subsidiaries, as determined
by the board of directors (or equivalent governing body) of the Borrower, Holdings or such parent in good faith.

 

7.5             
Activities of Holdings.

 

Permit Holdings to engage in any material business
activities other than (i) ownership of the Stock of Borrower, (ii) activities incidental to the maintenance of its corporate existence
and compliance with Laws, (iii) performance of its obligations under any documents in connection with acquisitions and Investments prior
to the Effective Date and any other documents entered into in accordance with any Permitted Acquisition or other Investment permitted
hereunder to which it is a party, (iv) issuing, selling or redeeming its own Qualified Stock (or Disqualified Stock, to the extent it
would be permitted by Section 7.3) and activities incidental thereto, (v) holding directors’ and shareholders’ meetings,
preparing corporate and similar records and other activities required to maintain its separate corporate and other legal structure, (vi)
preparing reports to, and preparing and making notices to and filings with, Governmental Authorities and to its holders of Stock, (vii)
receiving, and holding proceeds of, Restricted Payments from the Subsidiaries and Joint Ventures and distributing the proceeds thereof
to the extent permitted hereby, (viii) the entry into, and performance of its obligations with respect to, contracts and other arrangements
with officers, directors, employees, managers, partners, consultants or independent contractors of Holdings or any of its Subsidiaries
relating to their employment or directorships (including the providing of indemnification to such persons), (ix) participating in legal,
tax, accounting and other administrative matters as a member of the consolidated group of Holdings and its Subsidiaries, (x) any public
offering of its Qualified Stock (or Disqualified Stock, to the extent it would be permitted by Section 7.3) or any other issuance
or registration of its Qualified Stock (or Disqualified Stock, to the extent it would be permitted by Section 7.3) for sale or
resale not prohibited by this Agreement, including the incurrence and payment of costs, fees and expenses related thereto, (xi) consummating
repurchases of Indebtedness through open market purchases or Dutch Auctions pursuant to Section 2.3(f), (xii) being a party to,
incurring Indebtedness and other obligations pursuant to, and fulfilling its obligations, and enforcing its rights, under the Loan Documents,
and any other document governing Indebtedness permitted under Section 7.3, (xiii) engaging in activities and transactions expressly permitted
under this Agreement and the other Loan Documents, (xiv) making any Restricted Payment, Investment or Junior Debt Payment permitted hereunder
or granting, creating or suffering to existing any Lien permitted hereunder, and (xv) any activity incidental, related, ancillary or complementary
to any of the foregoing.

 

 

 

 

 

    	 	77	 

     

    

 

 

 

7.6             
 [Reserved].

 

7.7             
Liens; Negative Pledge.

 

(a)              
Create, incur, assume or permit to exist any Lien on or with respect to any of its properties or assets (whether now owned or hereafter
acquired) except for:

 

(i)                
Liens in respect of Permitted Encumbrances;

 

(ii)             
Liens securing Indebtedness permitted under Section 7.3(i), (ii), (vii), (x), (xi), (xx)
(provided that with respect to Liens securing Indebtedness permitted under Section 7.3(xx), such Liens do not attach to any assets
of the Borrower and its Restricted Subsidiaries other than the assets acquired pursuant to such Permitted Acquisition or investment) or
(xxiii) (or under Section 7.3(xxv) in respect of Indebtedness constituting Refinancing Debt with respect to Indebtedness
described in Section 7.3 (i), (iv), (vii), (x), (xi), (xx) or (xxiii));

 

(iii)           
Liens solely on any cash earnest money deposits made by Holdings or any of its Subsidiaries in connection with any letter of intent
or purchase agreement permitted hereunder;

 

(iv)            
Liens securing Indebtedness permitted under Section 7.3(xx) (or under Section 7.3(xxv) in respect of Indebtedness
constituting Refinancing Debt with respect to Indebtedness described in Section 7.3(xx)); provided that such Liens shall
not extend to any assets of the Loan Parties or their Restricted Subsidiaries (other than the assets or Stock acquired in such Permitted
Acquisition or other Investment to the extent the Liens on such assets or Stock were not incurred in contemplation of such Permitted Acquisition
or Investment);

 

(v)              
other Liens securing Indebtedness in an aggregate outstanding principal amount not to exceed the greater of (x) $35,000,000
and (y) 20% of TTM Consolidated EBITDA at the time of incurrence;

 

(vi)            
Liens on Stock of Unrestricted Subsidiaries;

 

(vii)         
(a) Liens on Stock of Joint Ventures securing capital contributions to or obligations of such persons and (b) customary rights
of first refusal and tag, drag and similar rights in joint venture agreements and investment documentation of any Joint Venture;

 

(viii)       
Liens in respect of an agreement to dispose of any asset, to the extent such disposal is permitted by Section 7.8 and such
Liens apply only to the assets to be disposed of;

 

(ix)            
Liens (a) arising due to any cash pooling, netting or composite accounting arrangements between the Borrower and any of its Restricted
Subsidiaries or between any one or more of such persons and one or more banks or other financial institutions where any such person maintains
deposits, and (b) of a collection bank (including those arising under Section 4-210 of the Uniform Commercial Code) on the items in the
course of collection;

 

 

 

 

 

    	 	78	 

     

    

 

 

 

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

 

(xi)            
Liens incurred in the ordinary course of business on securities to secure repurchase and reverse repurchase obligations in respect
of such securities; provided that the related repurchase agreement constitutes a Cash Equivalent;

 

(xii)         
Liens on goods the purchase price of which is financed by a documentary letter of credit; provided that such Lien secures
only the obligations of the Borrower or a Subsidiary in respect of such letter of credit to the extent it is permitted under Section
7.3; and

 

(xiii)       
licenses or sublicenses of Intellectual Property granted by Holdings or any of its Subsidiaries in the ordinary course of business
and not interfering in any material respect with the ordinary conduct of or materially detracting from the value of the business of Holdings
and its Restricted Subsidiaries;

 

(b)              
Become a party to any agreement, note, indenture or instrument, or take any other action, which would prohibit the creation of
a Lien on any of its properties or other assets in favor of Administrative Agent, on behalf of itself and the other Secured Parties, as
additional collateral for the Obligations, except for:

 

(i)                
customary provisions in leases restricting the subletting or assignment thereof;

 

(ii)             
customary provisions in agreements, licenses or sublicenses entered into in the ordinary course of business restricting assignment,
sublicense or transfer of such agreement, license or sublicense;

 

(iii)           
customary restrictions and conditions contained in any agreement relating to the sale of any property pending the consummation
of such sale; provided that (A) such restrictions and conditions apply only to the property to be sold and (B) such sale is permitted
hereunder;

 

(iv)            
any agreement in effect at the time any Person becomes a Loan Party or a Restricted Subsidiary; provided that such agreement
was not entered into in connection with or in contemplation of such person becoming a Loan Party or Restricted Subsidiary;

 

(v)              
with respect to Joint Ventures, provisions in partnership agreements, limited liability company agreements, organizational governance
documents, joint venture agreements and other similar agreements that restrict the transfer of the assets of, or ownership interests in
such partnership, limited liability company or similar Person, or prohibit Liens, or contain negative pledge provisions, with respect
to the assets of, or Equity Interests in, any such Person; provided that such agreements or obligations were not entered into in
contemplation hereof;

 

 

 

 

 

    	 	79	 

     

    

 

 

 

(vi)            
negative pledges and restrictions on Liens (A) in favor of any holder of Indebtedness permitted under Section 7.3 but, in
the case of Indebtedness permitted under Section 7.3(i), solely to the extent such negative pledge or restriction extends solely
to the property financed by such Indebtedness, accessions thereto and the proceeds and the products thereof, (B) imposed by Law or by
a Loan Document and (C) contained in any agreements relating to the sale of a Loan Party or a Restricted Subsidiary or any other asset
pending such sale; provided that such restriction and any conditions apply only to the Loan Party or Restricted Subsidiary that
is, or the assets that are, to be sold and such sale is permitted hereunder or a condition to the closing of such sale is the payment
in full of the Obligations or a consent under this Agreement;

 

(vii)         
restrictions and conditions on cash or other deposits imposed by customers under contracts entered into in the ordinary course
of business; and

 

(viii)       
other restrictions and conditions imposed by any amendments, modifications, restatements, renewals, increases, supplements, refundings,
replacements or refinancings of the contracts, instruments or obligations referred to in clauses (b)(i) through (b)(vii) above; provided
that such amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings are, in
the good faith judgment of the Borrower, not materially more restrictive with respect to such encumbrances and other restrictions, taken
as a whole, than those prior to such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing.

 

7.8             
Sale of Stock and Assets.

 

Sell, transfer, convey, assign or otherwise dispose
of any of its properties or other assets, including the capital Stock (excluding directors’ qualifying shares) of any of its Restricted
Subsidiaries (whether in a public or a private offering or otherwise) or any of their Accounts, except for:

 

(a)              
sales, transfers, conveyances, assignments and dispositions of Inventory and the disposition of Cash Equivalents for cash or other
Cash Equivalents, in each case, in the ordinary course of business;

 

(b)              
sales, transfers, conveyances, assignments and dispositions of surplus, obsolete, used or worn out property or other property that,
in the reasonable judgment of the Borrower, is no longer useful in its business (or in the business of any of its Subsidiaries);

 

(c)              
sales, transfers, conveyances, assignments and dispositions to a Loan Party (other than Holdings) or any Subsidiary; provided
that (i) a sale, transfer, conveyance, assignment or disposition by a Loan Party to a Subsidiary that is not a Loan Party for less than
fair market value as determined in good faith by the Borrower shall only be permitted to be made under this clause (c) to the extent the
Loan Parties would have been able to make an Investment under Section 7.2 in an amount equal to the fair market value as determined
in good faith by the Borrower (net of the consideration actually paid to the Loan Parties) of the property or assets subject to such sale,
transfer, conveyance, assignment or disposition and (ii) any noncash consideration received in exchange for any such sale, transfer, conveyance,
assignment or disposition shall in each case constitute an Investment in such Person subject to Section 7.2;

 

 

 

 

 

    	 	80	 

     

    

 

 

 

(d)              
unlimited sales, transfers, conveyances, assignments and dispositions for fair market value as determined in good faith by the
Borrower so long as (i) no Event of Default then exists and is continuing or would immediately result therefrom and (ii) at least 75%
of the consideration in excess of the greater of (x) $15,000,000 and (y) 10% of TTM Consolidated EBITDA at the time of the
applicable sale, transfer, conveyance, assignment or disposition consists of cash; provided that the Net Cash Proceeds thereof
are applied in accordance with Section 2.3(b)(ii) if and to the extent required thereby;

 

(e)              
sales, transfers, conveyances, assignments or dispositions solely to effectuate a liquidation, amalgamation, merger or consolidation
permitted pursuant to Section 7.1;provided that the Net Cash Proceeds thereof are applied in accordance with Section
2.3(b)(ii) if and to the extent required thereby;

 

(f)               
licenses, sublicenses, leases or subleases granted to third parties in the ordinary course of business not impairing in any material
respect the conduct of the business of the Loan Parties or any of their Restricted Subsidiaries;

 

(g)              
sales or discounting, on a non-recourse basis and in the ordinary course of business, of Accounts in connection with the collections
and compromise thereof not otherwise prohibited hereunder;

 

(h)              
to the extent constituting a sale, transfer, conveyance, assignment or disposition, transactions permitted by Section 7.1,
Investments permitted by Section 7.2, Liens permitted by Section 7.7, sale-lease back transactions permitted by Section
7.12, Junior Debt Payments permitted by Section 7.13 and Restricted Payments permitted by Section 7.14, in each case,
made in accordance with the terms and conditions applicable thereto;

 

(i)                
the granting of any Permitted Liens;

 

(j)                
dispositions resulting from any casualty or other insured damage to, or any taking under power of eminent domain or by condemnation
or similar proceeding of, any property or asset of any Loan Party or any Restricted Subsidiary; provided that the Net Cash Proceeds
thereof are applied in accordance with Section 2.3(b)(ii) if and to the extent required thereby;

 

(k)              
sales, transfers, conveyances or dispositions to the extent that (i) the relevant property is exchanged for credit against the
purchase price of similar replacement property or (ii) the proceeds thereof are promptly applied to the purchase price of similar replacement
property;

 

(l)                
sales, transfers, conveyances, assignments or dispositions of non-core assets acquired in connection with a Permitted Acquisition
or other Investment permitted hereunder; provided that (1) such non-core assets do not exceed $10,000,000 and (2) the Net
Cash Proceeds thereof are applied in accordance with Section 2.3(b)(ii) if and to the extent required thereby;

 

 

 

 

 

    	 	81	 

     

    

 

 

 

(m)            
other sales or dispositions in an aggregate amount per sale or disposition (or series of related sales or dispositions) not to
exceed $15,000,000; provided that the Net Cash Proceeds thereof are applied in accordance with Section 2.3(b)(ii)
if and to the extent required thereby;

 

(n)              
[reserved];

 

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

 

(p)              
sales, transfers, conveyances, assignments or dispositions of Investments in Joint Ventures and non-wholly owned Subsidiaries to
the extent required by, or made pursuant to, buy/sell arrangements or put/call arrangements under any applicable joint venture arrangement,
operating agreement, shareholders agreement or similar binding arrangement;

 

provided that, notwithstanding anything
to the contrary in this Section 7.8, no Loan Party or Restricted Subsidiary shall make any sale, transfer, conveyance, assignment
or other disposition to any Unrestricted Subsidiary of Material Intellectual Property or Equity Interests of any Person that owns, or
owns the exclusive rights to utilize, any Material Intellectual Property.

 

7.9             
[Reserved].

 

7.10         
Financial Covenant.

 

Except with the written consent of the Requisite
Revolving Lenders, permit the Total Net Leverage Ratio as of any Compliance Date to exceed 5.75 to 1.00.

 

7.11         
[Reserved].

 

7.12         
Sale-Leasebacks.

 

Engage in any sale-leaseback, synthetic lease or
similar transaction involving any of its assets in an aggregate principal amount in excess of the greater of (x) $35,000,000 and
(y) 20% of TTM Consolidated EBITDA at the time thereof.

 

7.13         
Junior Debt Payments.

 

Make any voluntary payment or other distribution
(whether in cash, securities or other property), of or in respect of principal or interest, or such payment by way of the purchase, redemption,
retirement, acquisition, cancellation or termination, in each case prior to the final scheduled maturity thereof, of any Indebtedness
(each, a “Junior Debt Payment”) that (x) is contractually subordinated in right of payment to any of the Obligations
(it being understood that Indebtedness shall not be deemed to be subordinated in right of payment to the Obligations merely because such
Indebtedness is secured by a Lien that is junior to the Liens securing the applicable portion of the Obligations) or (y) is secured by
a Lien on all or substantially all of the Collateral that is junior to the Lien on the Collateral securing the Obligations (such Indebtedness
described in clauses (x) and (y), collectively, “Junior Debt”), except for:

 

 

 

 

 

    	 	82	 

     

    

 

 

 

(i)                
payment of regularly scheduled interest and principal payments (and fees, indemnities and expenses payable) as, and when due in
respect of any such Indebtedness to the extent permitted by any Applicable Intercreditor Agreement or other subordination or intercreditor
provisions in respect thereof;

 

(ii)             
refinancings, replacements, substitutions, extensions, restructurings, exchanges and renewals of any such Indebtedness to the extent
such refinancing, replacement, exchange or renewed Indebtedness is permitted by Section 7.3 and any fees and expenses in connection
therewith;

 

(iii)           
payments of intercompany Indebtedness permitted under Section 7.3 to the extent permitted by any subordination provisions
(if any) in respect thereof;

 

(iv)            
the conversion, exchange, redemption, repayment or prepayment of such Indebtedness into or for Stock of a Loan Party (other than
Borrower) or a Subsidiary (other than Borrower) (other than Disqualified Stock of a Loan Party or a Subsidiary);

 

(v)              
AHYDO Catch-Up Payments relating to Indebtedness of Holdings and its Restricted Subsidiaries so long as no Specified Event of Default
has occurred and is continuing;

 

(vi)            
Junior Debt Payments in an amount not to exceed the Available Amount then in effect; provided that, solely in the case of
any Junior Debt Payment made in reliance on the Available Amount Starter Basket or the Available Retained Excess Cash Flow Amount, immediately
after giving Pro Forma Effect to such Junior Debt Payment, the usage of the Available Amount in connection therewith and any related transactions
to be consummated in connection therewith and all other customary pro forma events and adjustments and subject to Section 1.3 in
the case of any such Junior Debt Payment made in connection with a Limited Condition Transaction, (i) no Specified Event of Default shall
have occurred and be continuing and (ii) the Total Net Leverage Ratio, when calculated on a Pro Forma Basis as of the last day of the
most recent Measurement Period ended prior to the applicable date of determination for which Financial Statements are required to be delivered,
shall not exceed 5.50 to 1.00;

 

(vii)         
[reserved];

 

(viii)       
the payment, redemption, repurchase, retirement, termination or cancellation of Indebtedness within sixty (60) days of the date
of the Redemption Notice if, at the date of any payment, redemption, repurchase, retirement, termination or cancellation notice in respect
thereof (the “Redemption Notice”), such payment, redemption, repurchase, retirement, termination or cancellation would
have complied with another provision of this Section 7.13; provided that such payment, redemption, repurchase, retirement,
termination or cancellation shall reduce capacity under such other provision;

 

 

 

 

 

    	 	83	 

     

    

 

 

 

(ix)            
unlimited Junior Debt Payments so long as immediately after giving Pro Forma Effect to any such Junior Debt Payment and any related
transactions to be consummated in connection therewith and all other customary pro forma events and adjustments and subject to Section
1.3 in the case of any such Junior Debt Payment made in connection with a Limited Condition Transaction, (i) no Event of Default shall
have occurred and be continuing and (ii) the Total Net Leverage Ratio, when calculated on a Pro Forma Basis as of the last day of the
most recent Measurement Period ended prior to the applicable date of determination for which Financial Statements are required to be delivered,
shall not exceed 5.00 to 1.00;

 

(x)              
[reserved];

 

(xi)            
Junior Debt Payments in connection with an incurrence of Refinancing Debt in respect thereof under Section 7.3(xxv); and

 

(xii)         
Junior Debt Payments in an aggregate principal amount not to exceed the greater of (x) $35,000,000 and (y) 20% of
TTM Consolidated EBITDA, plus any available amounts under Section 7.14(o) which the Borrower has reallocated for use under this
clause (xii).

 

7.14         
Restricted Payments.

 

Make any Restricted Payment, except:

 

(a)              
(i) dividends and distributions to a Loan Party (other than Holdings) and (ii) dividends and distributions by Restricted Subsidiaries
that are not Loan Parties to Restricted Subsidiaries that are not Loan Parties;

 

(b)              
(i) distributions to and by Holdings to permit Holdings to pay or cause the payment of franchise and similar taxes, licensing fees,
and other fees and expenses of Holdings, in each case, required to maintain the corporate or other organizational existence of Holdings
or its qualification to do business in any jurisdiction, and any fees, costs or expenses incurred in connection with any offering, issuance
or incurrence of Stock (including any initial public offering) or Indebtedness not prohibited by Section 7.5 (in each case, whether
or not consummated or successful) and (ii) with respect to any taxable period for which the Borrower or any of its Subsidiaries is a member
of a consolidated, combined or similar income tax group (a “Tax Group”) of which Holdings or any parent entity of Holdings
is the common parent, distributions to and by Holdings to permit Holdings (or any parent entity of Holdings) to pay the portion of any
federal, state and/or local income Taxes, as applicable, of such Tax Group that is attributable to the income of the Borrower or its applicable
Subsidiaries (reduced by any distributions made by the Borrower prior to the Effective Date with respect to such Taxes for such taxable
period); provided that with respect to any taxable period, the amount of such distributions to Holdings, in the aggregate, shall
not exceed the amount that the Borrower and/or its applicable Subsidiaries would have been required to pay if the Borrower and such Subsidiaries
filed Tax returns on a stand-alone basis for all relevant taxable periods; provided, further, that the amount of such distributions attributable
to the income of any Unrestricted Subsidiary shall be limited to the amount actually paid by such Unrestricted Subsidiary to the Borrower
or any Subsidiary Guarantor (directly or through any Restricted Subsidiary) for the purposes of paying such consolidated, combined or
similar Taxes;

 

 

 

 

 

    	 	84	 

     

    

 

 

 

(c)              
loans to present and former employees permitted under Section 7.4(a);

 

(d)              
payment of (or Restricted Payments to Holdings for payment of) cash in lieu of fractional Stock in connection with any dividend,
split or combination thereof or any Permitted Acquisition or other Investment permitted hereunder;

 

(e)              
[reserved];

 

(f)               
any Restricted Payment on account of the purchase, redemption, retirement, acquisition, cancelation or termination of any Stock
(including, for the avoidance of doubt on account of any option, warrant or other right to acquire any such Stock) from any future, present
or former employee, officer, director, manager or consultant of Holdings (or any direct or indirect parent thereof), the Borrower, any
Restricted Subsidiary (or any spouses, former spouses, successors, executors, administrators, heirs, legatees or distributees of any of
the foregoing) (including any Restricted Payments to Holdings which are substantially contemporaneously used by Holdings (or any direct
or indirect parent thereof) to consummate the foregoing) in an aggregate amount in any Fiscal Year (with any unused amount in any Fiscal
Year being carried forward to subsequent Fiscal Years) not to exceed (i) the greater of (x) $15,000,000 and (y) 10% of TTM
Consolidated EBITDA at the time thereof, plus (ii) any proceeds of key man life insurance actually received by Holdings or any
Subsidiary; provided, further, that the cancellation of Indebtedness owing by a Person to a Loan Party in connection with
the repurchase, redemption, termination or other acquisition of Stock held by such Person shall not be deemed to constitute a Restricted
Payment for purposes of this covenant or any other provision of this Agreement to the extent such Indebtedness was incurred to finance
the purchase of such Stock by such Person and the cash proceeds of such Indebtedness were paid or contributed to a Loan Party (other than
Holdings);

 

(g)              
distributions for administrative, legal, overhead and related expenses of Holdings or any direct or indirect parent thereof to
the extent attributable to the operations or ownership of the Borrower and its Restricted Subsidiaries;

 

(h)              
the accrual of dividends on Stock;

 

(i)                
repurchases of Stock which are deemed to occur upon exercise of stock options or warrants or the settlement or vesting of other
equity-based awards if such Stock represents a portion of the exercise price of, or tax withholdings with respect to, such options, warrants
or other equity-based awards;

 

(j)                
distributions to Holdings for reasonable expenses in connection with compliance with reporting obligations under, or in connection
with compliance with, applicable Law;

 

(k)              
to the extent constituting Restricted Payments, payments and repurchases in respect of any buy/sell arrangements put or call option
or other similar arrangements in connection with a Permitted Acquisition or other permitted Investment;

 

(l)                 other
Restricted Payments in an amount not to exceed the Available Amount then in effect; provided that, solely in the case of any
Restricted Payment made in reliance on the Available Amount Starter Basket or the Available Retained Excess Cash Flow Amount, immediately
after giving Pro Forma Effect

 

 

 

 

 

    	 	85	 

     

    

 

 

 

 to such Restricted Payment, the usage of the Available Amount in connection therewith and any related transactions
to be consummated in connection therewith and all other customary pro forma events and adjustments and subject to Section 1.3 in
the case of any such Restricted Payment made in connection with a Limited Condition Transaction, (i) no Specified Event of Default shall
have occurred and be continuing and (ii) the Total Net Leverage Ratio, when calculated on a Pro Forma Basis as of the last day of the
most recent Measurement Period ended prior to the applicable date of determination for which Financial Statements are required to be delivered,
shall not exceed 5.50 to 1.00;

 

(m)            
to the extent constituting a Restricted Payment, payment of any earn outs, working capital adjustments, purchase price adjustments
or similar payments in relation to any Permitted Acquisition or other permitted Investment;

 

(n)              
unlimited Restricted Payments so long as immediately after giving Pro Forma Effect to any such Restricted Payment and any related
transactions to be consummated in connection therewith and all other customary pro forma events and adjustments and subject to Section
1.3 in the case of any such Restricted Payment made in connection with a Limited Condition Transaction, (i) no Event of Default shall
have occurred and be continuing and (ii) the Total Net Leverage Ratio, when calculated on a Pro Forma Basis as of the last day of the
most recent Measurement Period ended prior to the applicable date of determination for which Financial Statements are required to be delivered,
shall not exceed 4.50 to 1.00;

 

(o)              
other Restricted Payments in an aggregate principal amount not to exceed the greater of (x) $35,000,000 and (y) 20%
of TTM Consolidated EBITDA at the time thereof, minus any such amounts reallocated by the Borrower for use under Section 7.2(p)
or 7.13(xii) so long as, subject to Section 1.3 in the case of any such Restricted Payment made in connection with a Limited
Condition Transaction, no Specified Event of Default shall have occurred and be continuing;

 

(p)              
Restricted Payments in connection with the acquisition of additional Stock in any Joint Venture from minority shareholders; and

 

(q)              
Restricted Payments described on Schedule 7.14.

 

7.15         
Change of Jurisdiction, Corporate Name or Location; Change of Fiscal Year.

 

No Loan Party shall, (a) change its jurisdiction
of organization and/or organizational identification number (if any), (b) change its name or (c) change its chief executive office or
principal place of business, in any case without written notice to Administrative Agent within thirty (30) days following the date of
such change; provided that, subject to the terms and conditions of the Loan Documents, the Loan Party shall take all actions reasonably
requested by the Administrative Agent or otherwise required by the Loan Documents to continue the perfection of its Liens on the Collateral.
Change its Fiscal Year or method of determining Fiscal Quarters without the prior written consent of the Administrative Agent (such consent
not to be unreasonably withheld, conditioned or delayed).

 

7.16         
No Impairment of Intercompany Transfers.

 

 

 

 

 

    	 	86	 

     

    

 

 

 

Directly or indirectly enter into or become bound
by any agreement, instrument, indenture or other obligation (other than this Agreement and the other Loan Documents) which could directly
or indirectly restrict, prohibit or require the consent of any Person (other than the Loan Parties or its Subsidiaries) with respect to
the payment of dividends or distributions or the making or repayment of intercompany loans by a Restricted Subsidiary of a Loan Party
to such Loan Party, except for such restrictions, prohibitions or requirements (a) existing under applicable mandatory legal requirements,
regulations, rules or orders of any Governmental Authority or this Agreement and the other Loan Documents and agreements governing Indebtedness
permitted hereby, (b) contained in agreements relating to the sale of a Loan Party or a Restricted Subsidiary or any other asset pending
such sale; provided that (i) such restrictions and conditions apply only to the Restricted Subsidiary that is, or the assets that
are, to be sold and (ii) such sale is permitted hereunder or a condition to the closing of such sale is the payment in full of the Obligations
(other than contingent indemnification obligations to the extent no claims giving rise thereto have been asserted) or obtaining a consent
in accordance with Section 12.2 of this Agreement, (c) pursuant to agreements or obligations to which a Person was subject at the
time such Person becomes a Loan Party or a Restricted Subsidiary so long as such agreements or obligations were not entered into in contemplation
of such Person becoming a Loan Party or a Restricted Subsidiary and (d) contained in joint venture or similar agreements so long as such
agreements or obligations were not entered into in contemplation of such Person becoming a Loan Party or a Restricted Subsidiary.

 

7.17         
[Reserved].

 

7.18         
Amendments of Organization Documents.

 

(a)              
Amend, modify or alter, or permit to be amended, modified or altered, any of such Loan Party’s or Restricted Subsidiary’s
Organization Documents, to the extent the same is materially adverse to the interests of Administrative Agent or any Lender in their capacities
as such.

 

(b)              
Amend, modify or alter, or permit to be amended, modified or altered, any agreement evidencing Subordinated Indebtedness, unless
such amendments, modifications and alterations are not restricted by the applicable subordination or intercreditor agreement or other
subordination provisions governing such Subordinated Indebtedness, or, if no such subordination or intercreditor agreement or provision
is in effect (including any Applicable Intercreditor Agreement then in effect), are not adverse in any material respect to the interests
of the Lenders; provided, however, that the foregoing shall not prohibit the incurrence of any Refinancing Debt otherwise
permitted by Section 7.3 (or any amendment, restatement or other modification to such Subordinated Indebtedness that would be a
permitted term of Refinancing Debt in respect of such Subordinated Indebtedness).

 

(c)              
Amend, modify or alter, or permit to be amended, modified or altered, any material right under any Material Contract (including
the BRMG Management Agreement) if the effect of such amendment, modification or alteration would be materially adverse to the Loan Parties
(taken as a whole) or the Lenders, or enter into any new document or agreement with respect thereto (including without limitation any
side letter) unless such amendments, modifications, alterations and new documents and agreements, taken as a whole, are not materially
adverse to the interests of the Loan Parties in light of the circumstances under which such amendments, modifications, alterations and
new documents and agreements are agreed.

 

 

 

 

 

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ARTICLE
VIII

TERM

 

8.1             
Termination.

 

The financing arrangements contemplated hereby
in respect of the Revolving Loan Commitment shall be in effect until the Commitment Termination Date, and the Loans and all other Obligations
shall be automatically due and payable in full in cash on the dates provided for in this Agreement and the other Loan Documents.

 

8.2             
Survival of Obligations Upon Termination of Financing Arrangements.

 

Except as otherwise provided for in the Loan Documents,
no termination or cancellation (regardless of cause or procedure) of any financing arrangement under this Agreement shall in any way affect
or impair the obligations, duties and liabilities of the Loan Parties or the rights of Administrative Agent and Lenders relating to any
unpaid portion of the Loans or any other Obligations, due or not due, liquidated, contingent or unliquidated, or any transaction or event,
the performance of which is required after the Commitment Termination Date pursuant to the express terms of the Loan Documents. Any indemnification
or reimbursement provided to any Indemnified Person pursuant to the provisions of Section 2.10, Section 2.11, Section
2.12, this Section 8.2, Article X or Article XII, and the indemnities contained in the Loan Documents shall survive
the termination of the Commitments and the payment in full of all other Obligations.

 

ARTICLE
IX

EVENTS OF DEFAULT: RIGHTS AND REMEDIES

 

9.1             
Events of Default.

 

The occurrence of any one or more of the following
events shall constitute an “Event of Default” hereunder:

 

(a)              
(i) Borrower fails (1) to pay when due, any amount of principal of any Loan (including any mandatory payment required by Section
2.3) or (2) to pay within five (5) Business Days after the same shall become due, interest on any Loan or any Fees or (ii) any Loan
Party fails to pay or reimburse Administrative Agent or Lenders for any other Obligations not described in the preceding clause (i), within
five (5) Business Days following the due date therefor.

 

(b)              
Any Loan Party shall fail or neglect to perform, keep or observe any of the provisions of Sections 5.1(e), 6.1(a),
6.16, 6.17 or Article VII, respectively, hereof; provided that, notwithstanding anything to the contrary herein,
a failure to perform, keep or observe the provisions of Section 7.10 shall not constitute an Event of Default (including by way
of any cross-default) for purposes of any Term Loans (or any other Facility other than the Revolving Loans), and the Term Loan Lenders
(or any Lenders under any other Facility other than the Revolving Loans) will not be permitted to exercise any rights or remedies with
respect to such uncured Event of Default unless and until the Requisite Revolving Lenders have declared all Revolving Loans to be immediately
due and payable in accordance with this Agreement and such declaration has not been rescinded on or before such date.

 

 

 

 

 

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(c)              
[Reserved].

 

(d)              
Any Loan Party or any Restricted Subsidiary of a Loan Party shall fail or neglect to perform, keep or observe any other provision
of this Agreement or of any of the other Loan Documents (other than any provision embodied in or covered by any other clause of this Section
9.1) and the same shall remain unremedied or unwaived for a period of thirty (30) days or more following notice thereof furnished
to Borrower by the Administrative Agent.

 

(e)              
Any Loan Party or any of its Restricted Subsidiaries defaults under or breaches any agreement, document or instrument evidencing
Material Indebtedness in the aggregate to which any Loan Party or any of its Restricted Subsidiaries is a party that is not cured within
any applicable grace period, and such default or breach (i) involves the failure to make any payment when due (beyond any applicable grace
period) in respect of any such Material Indebtedness of any Loan Party or any Restricted Subsidiary of a Loan Party or (ii) causes, or
permits any holder of such Material Indebtedness or a trustee to cause, such Material Indebtedness to become due or to be redeemed, repurchased,
prepaid or defeased, in each case prior to its stated maturity or prior to its regularly scheduled dates of payment, regardless of whether
such default or breach is waived, or such right is exercised, by such holder or trustee; provided, however, that (A) clauses
(i) and (ii) shall not apply to any Material Indebtedness if any default, breach or other event is (I) remedied by Holdings, the Borrower
or the applicable Restricted Subsidiary (including by exchange or conversion of such Material Indebtedness to Qualified Stock of Holdings
(or any direct or indirect parent thereof)) or (II) waived (including in the form of amendment) by the required holders of the applicable
Material Indebtedness, in either case, prior to the acceleration of Loans or termination of Commitments pursuant to this Article IX;
and (B) clause (ii) shall not apply to secured Material Indebtedness that becomes due as a result of the voluntary sale or transfer of
the property or assets securing such Material Indebtedness so long as such Indebtedness is repaid in accordance with its terms (including
as such terms may be modified or waived in connection with such sale or transfer).

 

(f)               
Any representation or warranty herein or in any Loan Document is incorrect in any material respect (or any such representation
or warranty that is qualified as to materiality, including by reference to “material,” or “Material Adverse Effect”,
shall be incorrect in any respect) as of the date when made or deemed made and, to the extent such incorrect representation or warranty
is capable of being remedied, such incorrect representation or warranty remains uncured or unremedied for a period of thirty (30) days
or more following the earlier of knowledge by the Borrower or notice thereof furnished to any Loan Party by the Administrative Agent.

 

(g)              
Either Borrower or Beverly has breached any material provision, or a material default occurs under, the BRMG Management Agreement
(and such breach or default is not cured or waived) or the BRMG Management Agreement ceases to be in full force and effect.

 

(h)              
An involuntary proceeding shall have been commenced against any Loan Party or any of its Significant Subsidiaries seeking a decree
or order in respect of any Loan Party or any of its Significant Subsidiaries (i) under Title 11 of the United States Code, as now constituted
or hereafter amended or any other applicable federal, state or foreign bankruptcy or other similar Law, (ii) appointing a custodian, receiver,
liquidator, assignee, trustee or sequestrator (or similar official) for such Loan Party or such Significant Subsidiary or of any substantial
part of any such Person’s assets, or (iii) ordering the winding-up or liquidation of the affairs of such Loan Party or of such Significant
Subsidiary, and such case or proceeding shall remain undismissed or unstayed for sixty (60) days or more or such court shall enter a decree
or order granting the relief sought in such case or proceeding.

 

 

 

 

 

    	 	89	 

     

    

 

 

 

(i)                
Any Loan Party or any Significant Subsidiary of any Loan Party (i) shall file a petition seeking relief under Title 11 of the United
States Code, as now constituted or hereafter amended, or any other applicable federal, state or foreign bankruptcy or other similar Law,
(ii) shall fail to contest in a timely and appropriate manner or shall consent to the institution of proceedings thereunder or to the
filing of any such petition or to the appointment of or taking possession by a custodian, receiver, liquidator, assignee, trustee or sequestrator
(or similar official) of such Loan Party or any such Significant Subsidiary or of any substantial part of any such Person’s assets,
or (iii) shall make an assignment of any substantial part of any such Person’s assets for the benefit of creditors.

 

(j)                
An unsatisfied, non-appealable final judgment or judgments for the payment of money in excess of the greater of (x) $15,000,000
and (y) 10% of TTM Consolidated EBITDA in the aggregate (excluding any amounts covered by insurance or an indemnification arrangement)
at any time outstanding shall be rendered against any Loan Party or any of its Restricted Subsidiaries and the same shall not, within
sixty (60) days after the entry thereof, have been satisfied or discharged or execution thereof stayed or bonded pending appeal, or shall
not have been discharged prior to the expiration of any such stay.

 

(k)              
At any time after the execution and delivery thereof, (i) the guaranty set forth in Article XIII of this Agreement for any reason,
other than the occurrence of the Termination Date, shall cease to be in full force and effect (other than in accordance with its terms)
or shall be declared to be null and void or any Guarantor shall repudiate its obligations thereunder, (ii) this Agreement or any Security
Document ceases to be in full force and effect (other than by reason of a release of Collateral in accordance with the terms hereof or
thereof or the occurrence of the Termination Date) or shall be declared null and void, or the Collateral Agent shall not have or shall
cease to have a valid and perfected Lien in any material part of the Collateral purported to be covered by the Security Documents with
the priority required by the relevant Security Document, in each case for any reason other than the failure of the Collateral Agent or
any Secured Party to take any action within its control, or (iii) any Loan Party shall contest the validity or enforceability of any Loan
Document in writing or deny in writing that it has any further liability, including with respect to future advances by Lenders, under
any Loan Document to which it is a party or shall contest the validity or perfection of any Lien in any Collateral purported to be covered
by the Security Documents; or

 

(l)                
An ERISA Event shall have occurred that would reasonably be expected to result in a Material Adverse Effect.

 

(m)            
The occurrence of any Change of Control.

 

 

 

 

 

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9.2             
Remedies.

 

If any Event of Default shall have occurred and
be continuing, Administrative Agent may, and at the written request of the Requisite Lenders shall, by notice to the Borrower, (i) terminate
the Commitments; (ii) declare all or any portion of the Obligations, including all or any portion of any Loan, to be forthwith due and
payable (together with any LIBOR funding breakage costs as required under the terms of this Agreement), and require that the Letter of
Credit Obligations be cash collateralized or otherwise supported as provided in Section 2.2, all without presentment, demand, protest
or further notice of any kind, all of which are expressly waived by the Borrower and each other Loan Party; and (iii) exercise any rights
and remedies provided to Administrative Agent under any Loan Document and/or pursuant to any applicable Laws or in equity, including all
remedies provided under the Code; provided, however, that in the case of an event under paragraph (b) of Section 9.1
in respect of a failure to observe or perform the covenant set forth in Section 7.10, the aforementioned actions may not be taken
until the express conditions set forth in the proviso contained in Section 9.1(b) have been satisfied (i.e., the Requisite Revolving
Lenders have declared all Revolving Loans to be immediately due and payable in accordance with this Agreement and such declaration has
not been rescinded); provided, further, that upon the occurrence of an Event of Default specified in Section 9.1(h)
or Section 9.1(i), all of the Obligations, shall become immediately due and payable and the obligation of the Lenders to make further
Loans and incur further Letter of Credit Obligations shall automatically terminate, each without declaration, notice or demand by any
Person. Once an Event of Default occurs, such Event of Default shall remain in existence and be continuing unless waived in writing by
the applicable Lenders in accordance with Section 12.2.

 

ARTICLE
X

ASSIGNMENT AND PARTICIPATIONS;

APPOINTMENT OF ADMINISTRATIVE AGENT

 

10.1         
Assignment and Participations.

 

(a)              
Any Lender may assign to one or more assignees all or a portion of its interests, rights and obligations under this Agreement (including
all or a portion of any of its Commitments and the Loans at the time owing to it); provided, however, that (i) the Administrative
Agent (and in the case of an assignment of Revolving Loans or Revolving Loan Commitments, the L/C Issuer and Swingline Lender) must give
its prior written consent to such assignment (which consent by the Administrative Agent shall not be required with respect to an assignment
to a Lender (other than a Defaulting Lender), an Affiliate of a Lender (other than an Affiliate of a Defaulting Lender), an Approved Fund
(other than an Approved Fund of a Defaulting Lender) and shall not, in each case, otherwise be unreasonably withheld or delayed, (ii)
no such assignment shall be made to (A) any Defaulting Lender or any of its subsidiaries, or any Person who, upon becoming a Lender hereunder,
would constitute a Defaulting Lender or a subsidiary thereof or (B) a natural person (or a holding company, investment vehicle or trust
for, or owned and operated for the primary benefit of, a natural person), (iii) the amount of the Commitments and/or Loans of the assigning
Lender subject to each such assignment (determined as of the date the Assignment and Acceptance Agreement with respect to such assignment
is delivered to the Administrative Agent) shall not be less than (x) with respect to the Revolving Loan, $5,000,000 and (y) with 

 

 

 

 

 

    	 	91	 

     

    

 

 

 

respect to the Term Loans and Incremental Term
Loans, $1,000,000 and, in each case, in $250,000 increments thereof (or less (i) if constituting the entire remaining amount of such
Lender’s Revolving Loan Commitment, Term Loan, and Incremental Term Loans, as applicable or (ii) with the consent of the
Borrower and the Administrative Agent); provided, however, that, notwithstanding the foregoing, assignments to a
Lender, an Affiliate of a Lender or an Approved Fund shall not be subject to the foregoing minimum assignment limitations, (iv) the
parties to each such assignment shall execute and deliver to the Administrative Agent an Assignment and Acceptance Agreement,
together with, unless such assignment shall be to an Affiliate of such Lender or to an Approved Fund, a processing and recordation
fee of $3,500 (except as waived by the Administrative Agent in any given case), (v) the assignee, if it shall not be a Lender
immediately prior to the assignment, shall deliver to the Administrative Agent an Administrative Questionnaire, (vi) the assignee,
if it shall not be a Lender immediately prior to the assignment, shall deliver to the Administrative Agent an acknowledgment to any
existing agreement among lenders, (vii) notwithstanding anything herein to the contrary, no assignment may be made to Holdings, the
Borrower or any Affiliate of Holdings or the Borrower, and (viii) except following the occurrence and during the continuance of a
Specified Event of Default, any such assignment shall be subject to prior written consent by the Borrower, which consent shall not
be required (A) with respect to an assignment of the Term Loans, if such assignment is to a Lender, an Affiliate of a Lender or an
Approved Fund and (B) with respect to an assignment of the Revolving Commitments and Revolving Loans, if such assignment is to
another Revolving Lender, and which consent shall not otherwise be unreasonably withheld or delayed (and which shall be deemed to
have been given if Borrower has not responded within ten (10) Business Days after having received notice and a written request for
such consent). Upon acceptance and recording pursuant to paragraph (d) of this Section 10.1, from and after the effective
date specified in each Assignment and Acceptance Agreement, (A) the assignee thereunder shall be a party hereto and, to the extent
of the interest assigned by such Assignment and Acceptance Agreement, have the rights and obligations of a Lender under this
Agreement and (B) the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Acceptance
Agreement, be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance Agreement
covering all or the remaining portion of an assigning Lender’s rights and obligations under this Agreement, such Lender shall
cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.11, 2.12, 12.3 and 12.4
as well as to any Fees accrued for its account and not yet paid); provided, that except to the extent otherwise expressly agreed by
the affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder
arising from that Lender’s having been a Defaulting Lender. In connection with any assignment of rights and obligations of any
Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set
forth herein, the parties to the assignment shall make such additional payments to the Administrative Agent in an aggregate amount
sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or
subparticipations, or other compensating actions, including funding, with the consent of the Borrower and the Administrative Agent,
the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable
assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed by such
Defaulting Lender to the Administrative Agent, each L/C Issuer, the Swingline Lender and each other Lender hereunder (and interest
accrued thereon), and (y) acquire (and fund as appropriate) its full pro rata share of all Loans and participations in Letters of
Credit and Swingline Loans, as applicable, in accordance with its Pro Rata Share. Notwithstanding the foregoing, in the event that
any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable Law without
compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for
all purposes of this Agreement until such compliance occurs.

 

 

 

 

 

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(b)              
By executing and delivering an Assignment and Acceptance Agreement, the assigning Lender thereunder and the assignee thereunder
shall be deemed to confirm to and agree with each other and the other parties hereto as follows: (i) such assigning Lender warrants that
it is the legal and beneficial owner of the interest being assigned thereby free and clear of any adverse claim and that its Revolving
Loan Commitment and the outstanding balances of its Pro Rata Share of the Term Loans, Incremental Term Loans, Swingline Loans and the
Revolving Loan, in each case without giving effect to assignments thereof which have not become effective, are as set forth in such Assignment
and Acceptance Agreement; (ii) except as set forth in clause (i) above, 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, any other Loan Document or
any other instrument or document furnished pursuant hereto, or the financial condition of any Loan Party or any Restricted Subsidiary
thereof or the performance or observance by any Loan Party or any Restricted Subsidiary thereof of any of its obligations under this Agreement,
any other Loan Document or any other instrument or document furnished pursuant hereto; (iii) such assignee represents and warrants that
it is legally authorized to enter into such Assignment and Acceptance Agreement; (iv) such assignee confirms that it has received a copy
of this Agreement, together with copies of the most recent Financial Statements referred to in Section 4.4(a) or delivered pursuant
to Section 5.1 and 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 Agreement; (v) 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; (vi) such assignee appoints and authorizes
Administrative Agent to take such action as agent on its behalf and to exercise such powers under this Agreement as are delegated to Administrative
Agent by the terms hereof, together with such powers as are reasonably incidental thereto; and (vii) such assignee agrees that it will
perform in accordance with their terms all the obligations which by the terms of this Agreement are required to be performed by it as
a Lender.

 

(c)              
Administrative Agent, acting for this purpose as a non-fiduciary agent of the Borrower, shall maintain at one of its offices a
copy of each Assignment and Acceptance Agreement delivered to it and a register for the recordation of the names and addresses of the
Lenders, and the Commitment of, and principal amount and related interest amounts of the Loans owing to, each Lender pursuant to the terms
hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest error, and
the Borrower, Administrative Agent and the Lenders shall treat each person whose name is recorded in the Register pursuant to the terms
hereof as a Lender hereunder for all purposes of this Agreement. Notwithstanding anything to the contrary, any assignment of any Loan
shall be effective only upon appropriate entries with respect thereto being made in the Register. The Register shall be available for
inspection by the Borrower, Administrative Agent and any Lender (solely with respect to its Loans and/or Commitment), at any reasonable
time and from time to time upon reasonable prior notice.

 

 

 

 

 

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(d)              
Upon its receipt of a duly completed Assignment and Acceptance Agreement executed by an assigning Lender and an assignee, an Administrative
Questionnaire completed in respect of the assignee (unless the assignee shall already be a Lender hereunder) and if required the written
consent of Borrower and Administrative Agent to such assignment, Administrative Agent shall (i) accept such Assignment and Acceptance
Agreement and (ii) record the information contained therein in the Register. No assignment shall be effective unless it has been recorded
in the Register as provided in this clause (d).

 

(e)              
Any Lender may at any time, without consent of, or notice to, the Borrower or the Administrative Agent, sell participations to
one or more banks or other entities other than (1) (A) any Defaulting Lender or any of its subsidiaries, or any Person who, upon becoming
a Lender hereunder, would constitute a Defaulting Lender or a subsidiary thereof or (B) a natural person (or a holding company, investment
vehicle or trust for, or owned and operated for the primary benefit of, a natural person) (each, a “Participant”) in
all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitments and the Loans); provided
that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible
to the other parties hereto for the performance of such obligations, (iii) the participating banks or other entities shall be entitled
to the benefit of the cost protection provisions contained in Sections 2.11 and 2.12 (subject to the requirements and limitations
of such Sections, including Section 2.11(g) to the same extent as if they were Lenders (it being understood that any documentation
required under Section 2.11(g) shall be delivered solely to the participating Lender) but, with respect to any particular Participant,
to no greater extent than the Lender that sold the participation to such participant, unless the participation is made with the Borrower’s
prior written consent and such entitlement to a greater payment arose from a Change in Tax Law occurring after the participant became
a participant hereunder and (iv) the Borrower, Administrative Agent and the Lenders shall continue to deal solely and directly with such
Lender in connection with such Lender’s rights and obligations under this Agreement, and such Lender shall retain the sole right
to enforce the obligations of the Borrower relating to the Loans or Letter of Credit Obligations and to approve any amendment, modification
or waiver of any provision of this Agreement (other than as expressly set forth below in the final proviso to this paragraph). Notwithstanding
anything herein to the contrary, no participation may be sold to any Loan Party, any holder of Subordinated Indebtedness, any holder of
any Indebtedness that is secured by Liens that have been contractually subordinated to the Liens securing the Obligations or any Affiliate
of any of the foregoing Persons without the prior written consent of Administrative Agent, which consent may be withheld in Administrative
Agent’s sole discretion and, in any event, if granted, may be conditioned on such terms and conditions as Administrative Agent shall
require in its sole discretion, including, without limitation, a limitation on the aggregate amount of Loans and Commitments which may
be participated to such Person and/or its Affiliates and/or limitations on such Person’s and/or its Affiliates’ voting and
consent rights and/or rights to attend Lender meetings or obtain information provided to Lenders. Each Lender granting a participation
hereunder shall maintain, as a non-fiduciary agent of the Borrower, a register as to the participations granted and transferred under
this Section containing the same information specified in Section 10.1(c) on the Register as if the each Participant were a Lender
(the “Participant Register”); provided that no Lender shall have any

 

 

 

 

 

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 obligation to disclose all or any portion of the
Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any
commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such
disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Treasury
Regulations Section 5f.103-1(c) and Proposed Treasury Regulations Section 1.163-5(b) (or any amended or successor version); provided
further, that no Lender shall enter into any agreement with any Participant that will permit such Participant to influence or control
the voting rights of such Lender except with regard to (a) reductions of principal, interest or fees owing to such Participant (other
than waivers, reductions or extensions of any mandatory prepayments or default interest or MFN protection or any amendment to any financial
ratio (or any defined term directly or indirectly used therein), even if the effect of such amendment would be to reduce the rate of
interest on any Loan or other Obligation or to reduce any fee payable hereunder), (b) extensions of final scheduled maturity or times
for payment of interest or fees owing to such Participant (other than waivers of default interest, defaults or events of default, waivers
or extensions of any mandatory prepayments, MFN protection or default interest) and (c) unless otherwise permitted hereunder, releases
of Collateral or guarantees requiring the approval of all Lenders.

 

(f)               
In addition, any Lender may, without the consent of the Administrative Agent or Borrower, at any time pledge or assign a security
interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including any pledge or assignment
of a security interest to secure obligations to a Federal Reserve Bank or other central bank, and this Section 10.1 shall not apply
to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall
release a Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto (or
permit any pledgee or assignee to become a Lender without the terms of this Section 10.1 being complied with).

 

10.2         
Appointment of Administrative Agent.

 

Barclays Bank PLC is hereby appointed to act on
behalf of the Lenders as Administrative Agent under this Agreement and the other Loan Documents. In performing its functions and duties
under this Agreement, Administrative Agent does not assume and shall not be deemed to have assumed any obligation toward or relationship
of agency or trust with or for any Loan Party or any other Person. Administrative Agent shall not have any duties or responsibilities
except for those expressly set forth in this Agreement and the other Loan Documents, together with such powers as are reasonably related
thereto. The duties of Administrative Agent shall be mechanical and administrative in nature and Administrative Agent shall not have,
or be deemed to have, by reason of this Agreement, any other Loan Document or otherwise a fiduciary relationship in respect of any Lender.
Neither Administrative Agent nor any of its Affiliates nor any of its officers, directors, employees, agents or representatives shall
be liable to any Lender for any action taken or omitted to be taken by it hereunder or under any other Loan Document, or in connection
herewith or therewith, except for damages solely caused by its or their own gross negligence or willful misconduct as finally determined
by a court of competent jurisdiction.

 

The Administrative Agent shall also act as the
“collateral agent” under the Loan Documents, and each of the Lenders hereby irrevocably appoints and authorizes the Administrative
Agent to act as the agent of such Lender for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any
of the Loan Parties to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto. In
this connection, the Administrative Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed
by the Administrative Agent for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the
Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled
to the benefits of all provisions of this Article X and Article XII, as though such co-agents, sub-agents and attorneys-in-fact
were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto.

 

 

 

 

 

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If Administrative Agent shall request instructions
from Requisite Lenders or all affected Lenders, as the case may be, with respect to any act or action (including failure to act) in connection
with this Agreement or any other Loan Document, then Administrative Agent shall be entitled to refrain from such act or taking such action
unless and until it shall have received instructions from Requisite Lenders or all affected Lenders, as the case may be, and Administrative
Agent shall incur no liability to any Person by reason of so refraining.

 

Administrative Agent shall be fully justified in failing or refusing
to take any action hereunder or under any other Loan Document (a) if such action would, in the opinion of Administrative Agent, be contrary
to Law or the terms of this Agreement or any other Loan Document, (b) if such action would, in the opinion of Administrative Agent, expose
Administrative Agent to Environmental Liabilities or (c) if Administrative Agent shall not first be indemnified to its satisfaction against
any and all liability and expense which may be incurred by it by reason of taking or continuing to take any such action. Without limiting
the foregoing or anything else contained in the Loan Documents, no Lender shall have any right of action whatsoever against Administrative
Agent as a result of Administrative Agent’s acting or refraining from acting hereunder or under any other Loan Document in accordance
with the instructions of Requisite Lenders or all affected Lenders, as applicable.

 

10.3         
Administrative Agent’s Reliance, Etc.

 

Neither Administrative Agent nor any of its Affiliates
nor any of their respective directors, officers, agents or employees shall be liable for any action taken or omitted to be taken by it
or them under or in connection with this Agreement or the other Loan Documents, except for damages solely caused by its or their own gross
negligence or willful misconduct as finally determined by a court of competent jurisdiction. Without limitation of the generality of the
foregoing, Administrative Agent and its Affiliates and their respective directors, officers, agents or employees: (a) may treat the payee
of any Note as the holder thereof until it receives written notice of the assignment or transfer thereof signed by such payee and in form
satisfactory to Administrative Agent; (b) may consult with legal counsel, independent chartered accountants and other experts and consultants
selected by it and shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the advice of
such counsel, accountants, experts or consultants; (c) makes no warranty or representation to any Lender and shall not be responsible
to any Lender for any statements, warranties or representations made in or in connection with this Agreement or the other Loan Documents;
(d) shall not have any duty to ascertain or to inquire as to the performance or observance of any of the terms, covenants or conditions
of this Agreement or the other Loan Documents on the part of any Loan Party or to inspect the Collateral (including the books and records)
of any Loan Party, the value or sufficiency of the Collateral or the validity, perfection, enforceability or priority of any Lien purported
to be created by the Loan Documents; (e) shall not be responsible to any Lender for the due execution, legality, validity, enforceability,
genuineness, sufficiency or value of this Agreement or the other Loan Documents or any other instrument or document furnished pursuant
hereto or thereto and (f) shall incur no liability under or in respect of this Agreement or the other Loan Documents by acting upon any
notice, consent, certificate or other instrument or writing (which may be by email, telecopy, telegram, cable or telex) believed by it
to be genuine and signed or sent by the proper party or parties.

 

 

 

 

 

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10.4         
Administrative Agent and Affiliates.

 

With respect to its Commitments and Loans hereunder,
Administrative Agent shall have the same rights and powers under this Agreement and the other Loan Documents as any other Lender and may
exercise the same as though it were not Administrative Agent; and the term “Lender” or “Lenders” shall, unless
otherwise expressly indicated, include Administrative Agent in its individual capacity (to the extent it holds any Obligations owing to
the Lenders or Commitments hereunder). Administrative Agent and each of its Affiliates may lend money to, invest in, and generally engage
in any kind of business with, any Loan Party, any of their Affiliates and any Person who may do business with or own securities of any
Loan Party or any such Affiliate, all as if Administrative Agent was not Administrative Agent and without any duty to account therefor
to Lenders. Administrative Agent and its Affiliates may accept fees and other consideration from any Loan Party for services in connection
with this Agreement or otherwise without having to account for the same to Lenders.

 

10.5         
Lender Credit Decision.

 

Each Lender acknowledges that it has, independently
and without reliance upon Administrative Agent or any other Lender and based on the Financial Statements referred to in Section 4.4(a)
or as more recently delivered under Section 5.1(a) and such other documents and information as it has deemed appropriate, made
its own credit and financial analysis of the Loan Parties and its own decision to enter into this Agreement. Each Lender also acknowledges
that it will, independently and without reliance upon Administrative Agent or any other Lender and based on such documents and information
as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement.
Each Lender acknowledges the potential conflict of interest of each other Lender as a result of Lenders holding disproportionate interests
in the Loans, and expressly consents to, and waives any claim based upon, such conflict of interest.

 

10.6         
Indemnification.

 

Lenders agree to indemnify Administrative Agent
(to the extent not reimbursed by Loan Parties and without limiting the obligations of Loan Parties hereunder), ratably according to their
respective Pro Rata Shares, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits,
costs, expenses or disbursements of any kind or nature whatsoever which may be imposed on, incurred by, or asserted against Administrative
Agent in any way relating to or arising out of this Agreement or any other Loan Document or any action taken or omitted by Administrative
Agent in connection therewith (including, without limitation, payments of Other Taxes); provided, however, that no Lender
shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses
or disbursements resulting solely from Administrative Agent’s gross negligence or willful misconduct as finally determined by a
court of competent jurisdiction. Without limiting the foregoing, each Lender agrees to reimburse Administrative Agent promptly upon demand
for its ratable share of any out-of-pocket expenses (including reasonable counsel fees) 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 and each other Loan Document,
to the extent that Administrative Agent is not reimbursed for such expenses by the Loan Parties.

 

 

 

 

 

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10.7         
Successor Administrative Agent.

 

Administrative Agent may resign at any time by
giving not less than thirty (30) days’ prior written notice thereof to Lenders and Borrower. If the Administrative Agent is subject
to an Agent-Related Distress Event, either the Requisite Lenders or the Borrower may upon ten (10) days’ prior written notice remove
the Administrative Agent. Upon receipt of any such notice of resignation or delivery of such removal notice, as applicable, the Requisite
Lenders, with the consent of the Borrower shall have the right to appoint a successor Administrative Agent. If no successor Administrative
Agent shall have been so appointed by the Requisite Lenders and shall have accepted such appointment within thirty (30) days after the
Administrative Agent’s giving notice of resignation or the delivery of such removal notice, then (a) in the case of a resignation,
the Administrative Agent may, on behalf of Lenders, appoint a successor Administrative Agent, which shall be a Lender, if a Lender is
willing to accept such appointment, or otherwise shall be a commercial bank or financial institution or a subsidiary of a commercial bank
or financial institution if such commercial bank or financial institution has combined capital of at least $300,000,000 or (b) in the
case of removal, the Borrower may, after consulting with the Requisite Lenders, appoint a successor Administrative Agent meeting the qualifications
set forth above. If no successor Administrative Agent has been appointed pursuant to the foregoing, by the 30th day after the date such
notice of resignation or removal was given by the resigning Administrative Agent, the Requisite Lenders or the Borrower, as the case may
be, such resignation or removal shall become effective and the Requisite Lenders shall thereafter perform all the duties of Administrative
Agent hereunder until such time, if any, as the Requisite Lenders or Borrower appoint a successor Administrative Agent as provided above.
Any successor Administrative Agent appointed by Requisite Lenders or Administrative Agent hereunder shall be subject to the approval of
Borrower, such approval not to be unreasonably withheld or delayed; provided that such approval shall not be required if a Specified
Event of Default shall have occurred and be continuing. Upon the acceptance of any appointment as Administrative Agent hereunder by a
successor Administrative Agent, such successor Administrative Agent shall succeed to and become vested with all the rights, powers, privileges
and duties of the resigning or removed Administrative Agent. Upon the earlier of the acceptance of any appointment as Administrative Agent
hereunder by a successor Administrative Agent or the effective date of the resigning or removed Administrative Agent’s resignation
or removal, the resigning or removed Administrative Agent shall be discharged from its duties and obligations under this Agreement and
the other Loan Documents, except that any indemnity, expense reimbursement or other rights in favor of such resigning Administrative Agent
shall continue. After any resigning or removed Administrative Agent’s resignation or removal hereunder, the provisions of this Article
X 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
and the other Loan Documents.

 

 

 

 

 

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10.8         
Set-Off and Sharing of Payments.

 

In addition to any rights now or hereafter granted
under applicable Law and not by way of limitation of any such rights, upon the occurrence and during the continuance of any Event of Default,
subject to the terms and conditions contained herein and with the prior written consent of Administrative Agent, each Lender and each
L/C Issuer is hereby authorized at any time or from time to time, without notice to any Loan Party or to any other Person, any such notice
being hereby expressly waived, to set off and to appropriate and to apply any and all balances held by it at any of its offices for the
account of any Loan Party (regardless of whether such balances are then due to such Loan Party) and any other properties or assets any
time held or owing by that Lender or that holder to or for the credit or for the account of any Loan Party against and on account of any
of the Obligations which are not paid when due. Any Lender or L/C Issuer exercising a right to set off or otherwise receiving any payment
on account of the Obligations in excess of its Pro Rata Share thereof in accordance with the terms of this Agreement relating to the priority
of the repayment of the Obligations shall purchase for cash (and the other Lenders or L/C Issuers shall sell) such participations in each
such other Lender’s or L/C Issuer’s Pro Rata Share of the Obligations as would be necessary to cause such Lender or L/C Issuer
to share the amount so set off or otherwise received with each other Lender or L/C Issuer in accordance with their respective Pro Rata
Shares and in accordance with the terms of this Agreement relating to the priority of the repayment of the Obligations. Each Loan Party
agrees, to the fullest extent permitted by Law, that upon the occurrence and during the continuance of any Event of Default (a) any Lender
or L/C Issuer may exercise its right to set off with respect to amounts in excess of its Pro Rata Share of the Obligations and may sell
participations in such amount so set off to other Lenders and L/C Issuers and (b) any Lender or L/C Issuer so purchasing a participation
in the Loans made or other Obligations held by other Lenders or L/C Issuers may exercise all rights of set-off, bankers’ lien, counterclaim
or similar rights with respect to such participation as fully as if such Lender or L/C Issuer were a direct holder of the Loans and the
other Obligations in the amount of such participation. Notwithstanding the foregoing, if all or any portion of the set-off amount or payment
otherwise received is thereafter recovered from the Lender that has exercised the right of set-off, the purchase of participations by
that Lender shall be rescinded and the purchase price restored without interest. Each Lender and other L/C Issuer agrees to notify the
Borrower and the Administrative Agent promptly after any such setoff and application; provided that the failure to give such notice shall
not affect the validity of such setoff and application.

 

10.9         
No Liability; Return of Payment; Defaulting Lenders; Information; Actions in Concert.

 

(a)              
No Liability for Failure to Fund. Nothing in this Agreement or the other Loan Documents shall be deemed to require Administrative
Agent to advance funds on behalf of any Lender or to relieve any Lender from its obligation to fulfill its Commitments hereunder or to
prejudice any rights that Borrower may have against any Lender as a result of any default by such Lender hereunder. To the extent that
Administrative Agent advances funds to the Borrower on behalf of any Lender and is not reimbursed therefor on the same Business Day as
such advance is made, Administrative Agent shall be entitled to retain for its account all interest accrued on such advance until reimbursed
by the applicable Lender.

 

 

 

 

 

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(b)              
Return of Payments.

 

(i)                
If Administrative Agent pays an amount to a Lender under this Agreement in the belief or expectation that a related payment has
been or will be received by Administrative Agent from Borrower and such related payment is not received thereby, then Administrative Agent
will be entitled to recover such amount from such Lender on demand without set-off, counterclaim or deduction of any kind.

 

(ii)             
If Administrative Agent determines at any time that any amount received thereby under this Agreement must be returned to the Borrower
or paid to any other Person pursuant to any insolvency Law or otherwise, then, notwithstanding any other term or condition of this Agreement
or any other Loan Document, Administrative Agent will not be required to distribute any portion thereof to any Lender. In addition, each
Lender will repay to Administrative Agent on demand any portion of such amount that Administrative Agent has distributed to such Lender,
together with interest at such rate, if any, as Administrative Agent is required to pay to the Borrower or such other Person, without
set-off, counterclaim or deduction of any kind.

 

(c)              
Defaulting Lenders.

 

(i)                
Neither the failure of any Defaulting Lender to make any Loan or purchase any participation required to be made or purchased by
it in accordance with the terms of this Agreement nor the status of any Lender as a Defaulting Lender shall relieve any other Lender (each
such other Lender, an “Other Lender”) of its obligations to make such Loan or purchase such participation on such date,
but neither any Other Lender nor Administrative Agent shall be responsible for the failure of any Defaulting Lender to make a Loan to
be made, or to purchase a participation to be purchased, by such Defaulting Lender, and no Other Lender shall have any obligation to Administrative
Agent or any other Lender for the failure by such Defaulting Lender. Notwithstanding anything set forth herein to the contrary, a Defaulting
Lender shall not have any voting or consent rights under or with respect to any Loan Document or constitute a “Lender” or
a “Revolving Lender” or any Lender of any other Class as applicable (or be included in the calculation of “Requisite
Lenders”, “Requisite Revolving Lenders” or the Lenders of any other Class hereunder) for any voting or consent rights
under or with respect to any Loan Document; provided that the foregoing shall not permit, without the consent of such Defaulting
Lender, (i) an increase in the principal amount of such Defaulting Lender’s Commitment, (ii) the reduction of the principal of,
rate of interest on (other than reducing or waiving the Default Rate or MFN protection or any amendment to any financial ratio (or any
defined term directly or indirectly used therein), even if the effect of such amendment would be to reduce the rate of interest on any
Loan or other Obligation or to reduce any fee payable hereunder) or any Loan or Letter of Credit Obligations of such Defaulting Lender
or (iii) unless all other Lenders affected thereby are treated similarly, the extension of any scheduled payment date or final maturity
date of the principal amount of any Loan of such Defaulting Lender (it being understood and agreed that payments pursuant to Section
2.3 are not “scheduled”).

 

 

 

 

 

 

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(ii)             
If any Revolving Lender is a Defaulting Lender, all or a portion of such Defaulting Lender’s Letter of Credit Obligations
(unless such Lender is the L/C Issuer that issued such Letter of Credit) shall, at Administrative Agent’s election at any time or
upon any L/C Issuer’s or Borrower’s (with respect to Borrower, only if no Event of Default has occurred and is continuing
at such time), as applicable, written request delivered to Administrative Agent (whether before or after the occurrence of any Event of
Default), be reallocated to and assumed by the Revolving Lenders that are not Defaulting Lenders pro rata in accordance with their
Pro Rata Shares of the Revolving Loan Commitments (calculated as if the Defaulting Lender’s Pro Rata Share was reduced to zero and
each other Revolving Lender’s Pro Rata Share had been increased proportionately); provided that no Revolving Lender shall
be reallocated any such amounts or be required to fund any amounts that would cause its Pro Rata Share of the Revolving Loan (after giving
effect to such reallocation) to exceed its Revolving Loan Commitment.

 

(iii)           
Administrative Agent shall be authorized to use all payments received by Administrative Agent for the benefit of any Defaulting
Lender pursuant to this Agreement to pay in full the Excess Funding Amount to the appropriate Lenders or the Borrower. Administrative
Agent shall be entitled to hold as cash collateral monies that would otherwise be payable to the Defaulting Lender if it were not a Defaulting
Lender in a non-interest bearing account up to an amount equal to (A) such Defaulting Lender’s Pro Rata Share, without giving effect
to any reallocation pursuant to Section 10.9(c)(ii), of all Letter of Credit Obligations until the Termination Date plus (B) such
Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement. Upon any such unfunded obligations
owing by a Defaulting Lender becoming due and payable, Administrative Agent shall be authorized to use such cash collateral to make such
payment or Loan on behalf of such Defaulting Lender. With respect to such Defaulting Lender’s failure to fund Advances or purchase
participations in Letters of Credit or Letter of Credit Obligations, any amounts applied by Administrative Agent to satisfy such funding
shortfalls shall be deemed to constitute an Advance or amount of the participation required to be funded and, if necessary to effectuate
the foregoing, the other Revolving Lenders shall be deemed to have sold, and such Defaulting Lender shall be deemed to have purchased,
Revolving Loans or Letter of Credit participation interests from the other Revolving Lenders until such time as the aggregate amount of
the Advances and participations in Letters of Credit and Letter of Credit Obligations are held by the Revolving Lenders in accordance
with their Pro Rata Shares of the Revolving Loan Commitment (without giving effect to any reallocation pursuant to Section 10.9(c)(ii)).
Any amounts owing by a Defaulting Lender to Administrative Agent which are not paid when due shall accrue interest at the interest rate
applicable during such period to Advances that are Alternate Base Rate Loans. In the event that Administrative Agent is holding cash collateral
of a Defaulting Lender that ceases to be a Defaulting Lender pursuant to the definition thereof, Administrative Agent shall return the
unused portion of such cash collateral to such Lender. Payments made by any Loan Party to Administrative Agent in compliance with the
terms of this Agreement or any other Loan Documents shall not constitute Defaults or Events of Default solely because the same were not
distributed to a Defaulting Lender pursuant to the terms of this Section 10.9(c)(iii). The “Excess Funding Amount”
of a Defaulting Lender shall be the aggregate amount of (A) all unpaid obligations owing by such Lender to Administrative Agent, L/C Issuers
and other Lenders under the Loan Documents, including such Lender’s Pro Rata Share (without giving effect to any reallocation pursuant
to Section 10.9(c)(ii)) of all Advances and Letter of Credit Obligations, plus, without duplication, (B) all amounts of
such Defaulting Lender’s Letter of Credit Obligations reallocated to other Lenders pursuant to Section 10.9(c)(ii), plus
(C) any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement.

 

 

 

 

 

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(iv)            
In the event that any reallocation of Letter of Credit Obligations occurs pursuant to Section 10.9(c)(ii), during the period
of time that such reallocation remains in effect, the Letter of Credit Fee payable with respect to such reallocated portion shall be payable
to all Revolving Lenders based on their pro rata share of such reallocation.

 

(v)              
A Lender that is a Defaulting Lender shall not earn and shall not be entitled to receive, and the Borrower shall not be required
to pay, such Lender’s portion of the fees described in Section 2.2(d) or Section 2.6 during the time such Lender is
a Defaulting Lender.

 

(vi)            
 Except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender
(upon any Defaulting Lender ceasing to be Defaulting Lender pursuant to the definition thereof) will constitute a waiver or release of
any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender.

 

(d)              
Dissemination of Information. Administrative Agent will use reasonable efforts to provide Lenders with any written notice
of Default or Event of Default received by Administrative Agent from, or delivered by Administrative Agent to, any Loan Party; provided,
however, that Administrative Agent shall not be liable to any Lender for any failure to do so, except to the extent that such failure
is attributable solely to Administrative Agent’s gross negligence or willful misconduct as finally determined by a court of competent
jurisdiction. Administrative Agent and Lenders acknowledge that Borrower is required to provide Financial Statements and other financial
information to Administrative Agent and Lenders in accordance with Article V and agree that Administrative Agent shall not have
any duty to provide the same to Lenders.

 

(e)              
Actions in Concert. Anything in this Agreement or any other Loan Document to the contrary notwithstanding, each Lender hereby
agrees with each other Lender and with Administrative Agent that no Lender shall take any action to protect or enforce its rights arising
out of this Agreement or any other Loan Document (including exercising any rights of set-off) without first obtaining the prior written
consent of the Administrative Agent, it being the intent of Lenders that any such action to protect or enforce rights under this Agreement
and the other Loan Documents shall be taken in concert and at the direction or with the consent of Administrative Agent or Requisite Lenders.
Notwithstanding the foregoing, the Administrative Agent shall have the sole right to enforce the terms, conditions and remedies set forth
in the Security Documents.

 

 

 

 

 

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(f)               
Affected Lenders. If any Lender or L/C Issuer (i) does not consent to a proposed Loan Modification requested by the Borrower,
which proposed Loan Modification is approved by at least the Requisite Lenders or the Requisite Revolving Lenders (with respect to the
Revolving Loans or Letter of Credits), as applicable, (ii) is a Defaulting Lender, (iii) demands any payment under Section 2.13
hereof, or (iv) is the cause of the Borrower having to pay any additional amount to such Lender (including, for the avoidance of doubt,
on account of its participants) or any Governmental Authority pursuant to Section 2.12 hereof (each relevant Lender or L/C Issuer
in clauses (i) through (iv) being an “Affected Lender”), then the Borrower, upon at least three (3) Business Days’
notice to such Lender, may (A) permanently replace the Affected Lender with one or more substitute Lenders or L/C Issuers (each, a “Replacement
Lender”) by requiring such Affected Lender to assign and delegate, without recourse, all its interests, rights and obligations
under this Agreement to the applicable Replacement Lender or (B) terminating the Commitments (if any) of such Affected Lender and (1)
in the case of a Lender, repaying all Obligations due and owing to such Lender as of such termination date and (2) in the case of an L/C
Issuer, repaying all Obligations to such L/C Issuer as of such termination date and canceling or backstopping on terms reasonably satisfactory
to such L/C Issuer any Letters of Credit issued by it; provided that in the case of any such replacement or repayment pursuant
to clause (B) above, such replacement, termination and/or repayment shall be sufficient (together with all other consenting Lenders and
terminated Lenders after giving effect hereto) to cause the adoption of the proposed Loan Modification. In the event that any Lender or
L/C Issuer is an Affected Lender as a result of any of its participants, then the Borrower may at its election exercise its rights under
this Section 10.9(f) solely with respect to the portion of such Affected Lender’s Loans and Commitments held by such participant.
Prior to the effective date of any such replacement pursuant to clause (A) of the immediately preceding sentence, the Affected Lender
and each Replacement Lender shall execute and deliver an Assignment and Acceptance Agreement, subject only to the Affected Lender being
repaid, at par, together with any prepayment premium payable pursuant to Section 2.3(g), its share of the outstanding Obligations
(including an assumption of its Pro Rata Share of the Letter of Credit Obligations). If the Affected Lender shall refuse or fail to execute
and deliver any such Assignment and Acceptance Agreement prior to the effective date of such replacement, the Affected Lender shall be
deemed to have executed and delivered such Assignment and Acceptance Agreement. Other than as set forth above, the replacement of any
Affected Lender shall be made in accordance with the terms of Section 10.1. Until such time as the Replacement Lenders shall have
acquired all of the Obligations, the Commitments, and the other rights and obligations of the Affected Lender hereunder and under the
other Loan Documents, the Affected Lender shall remain obligated to make its Pro Rata Share of Loans and, to the extent applicable, purchase
a participation in each Letter of Credit in an amount equal to its Pro Rata Share (based on the Revolving Loan Commitments) of such Letter
of Credit.

 

10.10     
No Reliance on Administrative Agent’s Customer Identification Program.

 

Each Lender and the Administrative Agent acknowledges
and agrees that none of such Lender, Administrative Agent and any of their Affiliates, participants or assignees may rely on Administrative
Agent to carry out such Lender’s, Administrative Agent’s or their Affiliate’s, participant’s or assignee’s
customer identification program, or other obligations required or imposed under or pursuant to the USA Patriot Act or the regulations
thereunder, including the regulations contained in 31 CFR 103.121 (as hereafter amended or replaced, the “CIP Regulations”),
or any other Anti-Terrorism Order, including any programs involving any of the following items relating to or in connection the Borrower,
its Affiliates or its agents, the Loan Documents or the transactions hereunder: (1) any identity verification procedures, (2) any recordkeeping,
(3) any comparisons with government lists, (4) any customer notices or (5) any other procedures required under the CIP Regulations or
such other Laws.

 

 

 

 

 

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10.11        
USA Patriot Act.

 

(a)              
Each Lender or participant or assignee of a Lender that is not incorporated under the Laws of the United States of America or a
state thereof (and is not excepted from the certification requirement contained in Section 313 of the USA Patriot Act and the applicable
regulations because it is both (i) an Affiliate of a depository institution or foreign bank that maintains a physical presence in the
United States or foreign country and (ii) subject to supervision by a banking authority regulating such affiliated depository institution
or foreign bank) shall deliver to the Administrative Agent the certification, or, if applicable, recertification, certifying that such
Lender is not a “foreign shell bank” and certifying to other matters as required by Section 313 of the USA Patriot Act and
the applicable regulations: (1) within 10 days after the Effective Date and (2) at such other times as are required under the USA Patriot
Act.

 

(b)              
Administrative Agent and Lenders hereby notify the Loan Parties that, pursuant to the requirements of the USA Patriot Act, Administrative
Agent and each Lender may be required to obtain, verify and record information that identifies the Loan Parties, which information includes
the name, address, tax identification number and other information regarding the Loan Parties that will allow Administrative Agent or
such Lender to identify the Loan Parties in accordance with the USA Patriot Act. This notice is given in accordance with the requirements
of the USA Patriot Act and is effective as to Administrative Agent and each Lender.

 

10.12     
Release of Collateral or Guarantors; Subordination of Liens.

 

(a)              
Each Lender (including in its capacity as a counterparty to a Hedging Agreement or Cash Management Agreement), and each L/C Issuer
irrevocably agrees:

 

(i)                
any Lien on any property granted to or held by the Administrative Agent under any Loan Document shall be automatically released
(A) upon the Termination Date, (B) in the case of any asset, at the time such asset subject to such Lien is disposed or to be disposed
as part of or in connection with any disposition permitted hereunder to any Person that is not (and is not required to be) a Loan Party,
(C) subject to Section 12.2(b)(v), if the release of such Lien is approved, authorized or ratified in writing by the Requisite
Lenders, (D) in Excluded Assets or (E) if the property subject to any Lien is owned by a Guarantor, upon release of such Guarantor from
its guarantee under this Agreement pursuant to clause (iii) below;

 

(ii)             
that upon the request of the Borrower, the Administrative Agent may release or subordinate any Lien (pursuant to documents reasonably
acceptable to the Administrative Agent) on any property granted to or held by the Administrative Agent under any Loan Document to the
holder of any Lien on such property that is permitted by Section 7.7(a)(ii) (solely with respect to Indebtedness described in Section
7.3(i)) (to the extent required by the terms of the obligations secured by such Liens); and

 

 

 

 

 

    	 	104	 

     

    

 

 

 

(iii)           
that any Subsidiary Guarantor shall be automatically released from its guarantee under this Agreement if such person ceases to
be a Subsidiary or becomes an Excluded Subsidiary (other than by virtue of becoming a non-Wholly Owned Subsidiary and other than any Designated
Guarantor) as a result of a transaction or designation permitted hereunder; provided that no such release shall occur if such Guarantor
continues to be a guarantor in respect of the Indebtedness under any other Junior Debt.

 

(b)              
Upon request by the Administrative Agent at any time, the Requisite Lenders will confirm in writing the Administrative Agent’s
authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its guarantee
under this Agreement pursuant to this Section 10.12. In each case as specified in this Section 10.12, the Administrative
Agent will promptly upon the request of the Borrower (and each Lender irrevocably authorizes the Administrative Agent to), at the Borrower’s
expense, execute and deliver to the applicable Loan Party such documents as the Borrower may reasonably request to evidence the release
or subordination of such item of Collateral from the assignment and security interest granted under the Security Documents, or to evidence
the release of such Guarantor from its guarantee under this Agreement, in each case in accordance with the terms of the Loan Documents
and this Section 10.12 (and the Administrative Agent may rely conclusively on a certificate of a Responsible Officer of the Borrower
to that effect provided to it by any Loan Party upon its reasonable request without further inquiry). Any execution and delivery of documents
pursuant to this Section 10.12 shall be without recourse to or warranty by the Administrative Agent. For the avoidance of doubt,
no release of Collateral or Guarantors effected in the manner permitted by this Section 10.12 shall require the consent of any
holder of obligations under Hedging Agreement or any Cash Management Agreements. Any execution and delivery by the Administrative Agent
pursuant to this Section 10.12 or the release provisions of any Security Document shall be without recourse to or warranty by the
Administrative Agent.

 

(c)              
With respect to any asset of a Loan Party covered by a Permitted Encumbrance of the type described in clause (l) of the definition
thereof or securing any Indebtedness permitted under Section 7.3(i), each Secured Party hereby consents to the release or subordination
by the Administrative Agent of any Lien held by the Administrative Agent in and to such asset in favor of the Liens constituting such
Permitted Encumbrance or securing such Indebtedness permitted under Section 7.3(i).

 

10.13     
Credit Bid.

 

Each Loan Party, each Lender and L/C Issuer each
hereby irrevocably authorizes Administrative Agent, based upon the written instruction of the Requisite Lenders, to bid and purchase (either
directly or through one or more acquisition vehicles) all or any portion of the Collateral at any sale thereof conducted (i) by Administrative
Agent under the provisions of the Code, including pursuant to Sections 9-610 or 9-620 of the Code, (ii) under the provisions of the Bankruptcy
Code, including Section 363, 365 and/or 1129 of the Bankruptcy Code, or (iii) conducted by Administrative Agent (whether by judicial action
or otherwise, including a foreclosure sale) in accordance with applicable Law (clauses (i), (ii) an (iii), a “Collateral Sale”);
and in connection with any Collateral Sale, Administrative Agent may accept non-cash consideration, including debt and equity securities
issued by such acquisition vehicle under the direction or control of Administrative Agent and Administrative Agent may offset all or any
portion of the Obligations against the purchase price of such Collateral.

 

 

 

 

 

    	 	105	 

     

    

 

 

 

10.14     
Secured Parties.

 

The benefit of the provisions of the Loan Documents
directly relating to the Collateral or any Lien granted thereunder shall extend to and be available to any Secured Party that is not a
Lender or L/C Issuer party hereto as long as, by accepting such benefits, such Secured Party agrees, as among Administrative Agent and
all other Secured Parties, that such Secured Party is bound by (and, if requested by Administrative Agent, shall confirm such agreement
in a writing in form and substance acceptable to Administrative Agent) this Article X and the decisions and actions of Administrative
Agent and the Requisite Lenders (or, where expressly required by the terms of this Agreement, a greater proportion of the Lenders or other
parties hereto as required herein) to the same extent a Lender is bound (without requiring the separate consent of such Secured Party
except as specifically required pursuant to Section 12.2(b)); provided, however, that, notwithstanding the foregoing,
(i) such Secured Party shall be bound by Section 10.6 only to the extent of liabilities, costs and expenses with respect to or
otherwise relating to the Collateral held for the benefit of such Secured Party, in which case the obligations of such Secured Party thereunder
shall not be limited by any concept of pro rata share or similar concept, (ii) such Secured Party agrees that that nothing herein
or in any Loan Document shall entitle such Secured Party to any independent rights or remedies with respect to the Collateral, it being
understood that all rights and remedies in respect of the Collateral shall be exercised by Administrative Agent and the Lenders in accordance
with the terms of the Loan Documents and applicable Law, (iii) unless otherwise a Lender hereunder, such Secured Party shall not be deemed
to be a “Lender” under any of the Loan Documents solely by reason of its sharing in the Liens of the Administrative Agent
in and to the Collateral, (iv) each of Administrative Agent, the Lenders and the L/C Issuers party hereto shall be entitled to act at
its sole discretion, without regard to the interest of such Secured Party, regardless of whether any Obligation to such Secured Party
thereafter remains outstanding, is deprived of the benefit of the Collateral, becomes unsecured or is otherwise affected or put in jeopardy
thereby, and without any duty or liability to such Secured Party or any such Obligation (and in no event shall Administrative Agent or
any of its Affiliates or any of their respective officers, directors, employees, agents or representatives be deemed to be acting as a
fiduciary of any such Secured Party or deemed to owe any such Secured Party any duties) and (v) except as otherwise specifically set forth
herein, such Secured Party shall not have any right to be notified of, consent to, direct, require or be heard with respect to, any action
taken or omitted in respect of the Collateral or under any Loan Document.

 

10.15     
Withholding Tax.

 

To the extent required by any applicable Laws,
the Administrative Agent may withhold from any payment to any Lender an amount equivalent to any applicable withholding Tax. Without limiting
or expanding the provisions of Section 2.11, each Lender shall indemnify and hold harmless the Administrative Agent against, and
shall make payable in respect thereof within ten (10) days after demand therefor, any and all Taxes and any and all related losses, claims,
liabilities and expenses (including fees, charges and disbursements of any counsel for the Administrative Agent) imposed on or asserted
against the Administrative Agent by the IRS or any other Governmental Authority as a result of the failure of the Administrative Agent
to properly withhold Tax from amounts paid to or for the account of such Lender for any reason (including, without limitation, because
the appropriate form was not delivered or not properly executed, or because such Lender failed to notify the Administrative Agent of a
change in circumstance that rendered the exemption from, or reduction of withholding Tax ineffective), whether or not such Tax was correctly
or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability

 

 

 

 

 

    	 	106	 

     

    

 

 

 

 delivered
to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative
Agent to set off and apply any and all amounts at any time owing to such Lender under this Agreement or any other Loan Document against
any amount due the Administrative Agent under this Section 10.15. The agreements in this Section 10.15 shall survive the
resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a Lender, the termination
of the Commitments and the repayment, satisfaction or discharge of all other Obligations. For purposes of this Section 10.15, the
term “Lender” includes any L/C Issuer and any Swingline Lender.

 

10.16     
Certain Payments.

 

(a) Each Lender hereby agrees
that (x) if the Administrative Agent notifies such Lender that the Administrative Agent has determined in its sole discretion
that any funds received by such Lender from the Administrative Agent or any of its Affiliates (whether as a payment, prepayment or repayment
of principal, interest, fees or otherwise; individually and collectively, a “Payment”) were erroneously transmitted
to such Lender (whether or not known to such Lender), and demands the return of such Payment (or a portion thereof), such Lender shall
promptly, but in no event later than one Business Day thereafter, return to the Administrative Agent the amount of any such Payment (or
portion thereof) as to which such a demand was made in same day funds, together with interest thereon in respect of each day from and
including the date such Payment (or portion thereof) was received by such Lender to the date such amount is repaid to the Administrative
Agent at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules
on interbank compensation from time to time in effect, and (y) to the extent permitted by applicable law, such Lender shall not assert,
and hereby waives, as to the Administrative Agent, any claim, counterclaim, defense or right of set-off or recoupment with respect to
any demand, claim or counterclaim by the Administrative Agent for the return of any Payments received, including without limitation any
defense based on “discharge for value” or any similar doctrine.  A notice of the Administrative Agent to any Lender under
this Section 10.16(a) shall be conclusive, absent manifest error.

 

(b) Each Lender hereby further
agrees that if it receives a Payment from the Administrative Agent or any of its Affiliates (x) that is in a different amount than,
or on a different date from, that specified in a notice of payment sent by the Administrative Agent (or any of its Affiliates) with respect
to such Payment (a “Payment Notice”) or (y) that was not preceded or accompanied by a Payment Notice, it shall be on
notice, in each such case, that an error has been made with respect to such Payment.  Each Lender agrees that, in each such case,
or if it otherwise becomes aware a Payment (or portion thereof) may have been sent in error, such Lender shall promptly notify the Administrative
Agent of such occurrence and, upon demand from the Administrative Agent, it shall promptly, but in no event later than one Business Day
thereafter, return to the Administrative Agent the amount of any such Payment (or portion thereof) as to which such a demand was made
in same day funds, together with interest thereon in respect of each day from and including the date such Payment (or portion thereof)
was received by such Lender to the date such amount is repaid to the Administrative Agent at the greater of the Federal Funds Rate and
a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation from time to time in
effect.

 

 

 

 

 

    	 	107	 

     

    

 

 

 

(c) The Borrower and each
other Loan Party hereby agrees that (x) in the event an erroneous Payment (or portion thereof) is not recovered from any Lender that has
received such Payment (or portion thereof) for any reason, the Administrative Agent shall be subrogated to all the rights of such Lender
with respect to such amount and (y) an erroneous Payment shall not pay, prepay, repay, discharge or otherwise satisfy any Obligations
owed by the Borrower or any other Loan Party, except, in each case of this clause (y), to the extent such erroneous Payment is, and solely
with respect to the amount of such erroneous Payment that is, comprised of funds received by the Administrative Agent from the Borrower
or any other Loan Party for the purpose of making such erroneous Payment.

 

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

 

(e) For purposes of this Section 10.16,
the term “Lender” includes any L/C Issuer.

 

10.17     
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):

 

(a)              
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.

 

 

 

 

 

    	 	108	 

     

    

 

 

 

(b)              
As used in this Section 10.17, the following terms have the following meanings:

 

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

 

“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).

 

“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.

 

“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).

 

ARTICLE
XI

SUCCESSORS AND ASSIGNS

 

11.1         
Successors and Assigns.

 

This Agreement and the other Loan Documents shall
be binding on and shall inure to the benefit of each Loan Party, Administrative Agent, Lenders and their respective successors and assigns
(including, in the case of any Loan Party, a debtor-in-possession on behalf of such Loan Party), except as otherwise provided herein or
therein. Each Lender’s ability to assign its rights and delegate its obligations hereunder is governed by Section 10.1. No
Loan Party may assign, transfer, hypothecate or otherwise convey its rights, benefits, obligations or duties hereunder or under any of
the other Loan Documents without the prior express written consent of the Requisite Lenders (other than pursuant to a transaction expressly
permitted by Article VII). Any such purported assignment, transfer, hypothecation or other conveyance by any Loan Party without
the prior express written consent of the Requisite Lenders shall be void. The terms and provisions of this Agreement are for the purpose
of defining the relative rights and obligations of each Loan Party, Administrative Agent and Lenders with respect to the transactions
contemplated hereby and no Person shall be a third party beneficiary of any of the terms and provisions of this Agreement or any of the
other Loan Documents.

 

 

 

 

 

    	 	109	 

     

    

 

 

 

ARTICLE
XII

MISCELLANEOUS

 

12.1         
Complete Agreement; Modification of Agreement.

 

The Loan Documents constitute the complete agreement
between the parties with respect to the subject matter thereof and may not be modified, altered or amended except as set forth in Section
12.2 below. Any letter of interest, commitment letter, engagement letter, fee letter (other than the Fee Letter) and/or confidentiality
agreement between any Loan Party and Administrative Agent or any Lender or any of their respective Affiliates, predating this Agreement
and relating to a financing of substantially similar form, purpose or effect shall be superseded by this Agreement.

 

12.2         
Amendments and Waivers.

 

(a)              
Except for actions expressly permitted to be taken by Administrative Agent, no amendment, modification, termination or waiver of
any provision of this Agreement or any other Loan Document, or any consent to any departure by any Loan Party therefrom (any of the foregoing,
a “Loan Modification”), shall in any event be effective unless the same shall be in writing and signed by the Borrower
and by the Requisite Lenders (or, to the extent set forth in Section 12.2(b) below, the Requisite Revolving Lenders or all directly and
adversely affected Lenders, as applicable); provided, however, that notwithstanding anything to the contrary contained herein
or in any other Loan Document, the Fee Letter shall be amended or otherwise modified solely by the parties thereto and no consent of any
other Person shall be required in connection therewith.

 

(b)              
No Loan Modification shall, unless in writing and signed by each Lender directly and adversely affected thereby, do any of the
following: (i) increase the principal amount of any Lender’s Commitment (it being understood that the waiver of any condition precedent
or the waiver of any default, Event of Default or mandatory prepayment with respect thereto shall not constitute an increase in commitments)
(which action shall be deemed to directly and adversely affect only those Lenders whose Commitments are increased); (ii) reduce the principal
of, rate of interest on or Fees payable with respect to any Loan or Letter of Credit Obligations of any directly affected Lender (other
than (A) the establishment of a Benchmark Replacement or any Benchmark Replacement Conforming Changes, (B) waivers of any mandatory prepayment,
(C) reducing or waiving the MFN protection or default interest (including under Section 2.5(d)) or amending the definition of “Default
Rate” or (D) waiving the obligation of the Borrower to pay interest or fees at the Default Rate or amending any financial ratio
(or any defined term directly or indirectly used therein) even if the effect of 

 

 

 

 

    	 	110	 

     

    

 

 

 

such amendment would be to reduce the rate of interest
on any Loan or other Obligation or to reduce any fee
payable hereunder); (iii) extend any scheduled payment date or final maturity date of the principal amount of any Loan of any
directly affected Lender (it being agreed that payments pursuant to Section 2.3 are not “scheduled”); (iv) waive,
forgive, defer, extend or postpone any payment of interest or Fees or other then-outstanding amount payable as to any directly
affected Lender (other than (A) the establishment of a Benchmark Replacement or any Benchmark Replacement Conforming Changes, (B)
waivers of any mandatory prepayment, (C) reducing or waiving the MFN protection or default interest (including under Section 2.5(d))
or amending the definition of “Default Rate” or (D) waiving the obligation of the Borrower to pay interest or fees at
the Default Rate or amending any financial ratio (or any defined term directly or indirectly used therein), even if the effect of
such amendment would be to reduce the rate of interest on any Loan or other Obligation or to reduce any fee payable hereunder); (v)
release all or substantially all of the value of the guarantees of the Obligations provided by the Guarantors taken as a whole or,
except as otherwise permitted herein or in the other Loan Documents, release (or permit the Loan Parties to sell or otherwise
dispose of) all or substantially all of the Collateral (which actions described in this clause (v) except as otherwise permitted
herein, shall be deemed to directly affect all Lenders); (vi) change the percentage of the Commitments or of the aggregate unpaid
principal amount of the Loans which shall be required for Lenders or any of them to take any action hereunder; (vii) any changes to Section
2.8(a), 2.8(c) or 2.8(d), (viii) subordinate the Obligations or any Liens on the Collateral securing the
Obligations to any other Indebtedness, except as otherwise expressly permitted by this Agreement or the other Loan Documents, in
each case as in effect on the date hereof, without the written consent of each Lender directly and adversely affected thereby, (ix)
amend or waive the provisions of Section 10.8 and (x) amend or waive this Section 12.2 or the definition of the term
“Requisite Lenders” or “Requisite Revolving Lenders” insofar as such definition affects the substance of
this Section 12.2 (which actions described in this clause (ix) shall be deemed to directly and adversely affect all Lenders
(in the case of the definition of “Requisite Lenders”) or all Revolving Lenders (in the case of the definition of
“Requisite Revolving Lenders”)). Furthermore, (A) no Loan Modification affecting the rights or duties of Administrative
Agent, the Swingline Lender or the L/C Issuer under this Agreement or any other Loan Document shall be effective unless in writing
and signed by Administrative Agent, the Swingline Lender or L/C Issuer, as applicable, in addition to Lenders required hereinabove
to take such action and (B) no Loan Modification shall amend or otherwise modify the definition of the term “Requisite
Lenders” or “Requisite Revolving Lenders” unless in writing and signed by the Requisite Lenders or Requisite
Revolving Lenders, respectively, (prior to giving effect to such Loan Modification), in addition to Lenders required hereinabove to
take such action. No Loan Modification shall adversely affect the payment priority of the Swingline Lender or an L/C Issuer under
the Loan Documents without the prior written concurrence of such Person.

 

Notwithstanding the foregoing or anything to the
contrary in any Loan Document, no amendment, waiver or consent shall, unless in writing and signed by the Requisite Revolving Lenders,
amend, waive or modify the terms and provisions of Section 3.2, Section 7.10 (and related definitions as used in such Section,
but not as used in other Sections of this Agreement) and Section 9.1(b) (to the extent such Section 9.1(b) addresses a failure to perform
under Section 7.10) (which amendment, waiver or modification shall not require the consent of the Requisite Lenders, the Administrative
Agent or any other Person other than the Borrower). .

 

 

 

 

 

    	 	111	 

     

    

 

 

 

Notwithstanding the foregoing or anything to the
contrary in any Loan Document, (x) any Loan Modification to cure any ambiguity, obvious error, omission, defect or inconsistency in any
Loan Document shall only require the consent of Administrative Agent and Borrower and (y) solely with the consent of the Requisite Revolving
Lenders and the Borrower (but without the necessity of obtaining the consent of the Requisite Lenders or any other Lender), any such agreement
may waive, amend or modify any condition precedent to the borrowing of Revolving Loans or the issuance of a Letter of Credit. Each Loan
Modification shall be effective only in the specific instance and for the specific purpose for which it was given. No Loan Modification
shall be required for Administrative Agent to take additional Collateral pursuant to any Loan Document or to release Collateral or Guarantors
in accordance with the Loan Documents. No notice to or demand on any Loan Party in any case shall entitle such Loan Party or any other
Loan Party to any other or further notice or demand in similar or other circumstances. Any Loan Modification effected in accordance with
this Section 12.2 shall be binding upon each current and future Lender.

 

(c)              
[reserved].

 

(d)              
Notwithstanding anything to the contrary in this Agreement, pursuant to one or more offers (each, an “Extension Offer”)
made from time to time by the Borrower to all Lenders holding a Class of Loans or a Class of Commitments with a like maturity date, in
each case, on a pro rata basis (based on the aggregate outstanding principal amount of the respective Class of Loans or Class of
Commitments with a like maturity date) and on the same terms to each such Lender, the Borrower is hereby permitted to consummate from
time to time transactions with individual Lenders that accept the terms contained in any such Extension Offers to extend the maturity
date of each such Lender’s Loans and/or commitments and, subject to the terms hereof, otherwise modify the terms of such Loans and/or
commitments pursuant to the terms of the relevant Extension Offer (including by increasing the interest rate, interest rate floors, premiums,
original issue discounts and/or fees payable in respect of such Loans and/or commitments (and related outstandings) and/or modifying the
amortization schedule in respect of such Lender’s Loans) (each, an “Extension”; and each group of Loans or commitments
as so extended, as well as the original Loans and the original commitments not so extended, being a separate “tranche” of
Loans from the tranche of Loans from which they were converted and any Extended Revolving Loan Commitment shall constitute a separate
tranche of Revolving Loan Commitments from the tranche of Revolving Loan Commitments from which they were converted), so long as the following
terms are satisfied:

 

(i)                
no Event of Default shall have occurred and be continuing at the time the applicable Extension Offer is delivered to the Lenders;

 

(ii)             
except as to interest rates, interest rate floors, premiums, original issue discounts, fees, amortization, final maturity date,
premium, required prepayment dates and participation in prepayments (which shall, subject to clauses (iv), (v) and (vi) below, be determined
by the Borrower and set forth in the relevant Extension Offer, subject to acceptance by such extending Term Loan Lenders), the Term Loans
of any Term Loan Lender that agrees to an Extension with respect to such Term Loans owed to it extended pursuant to any Extension (“Extended
Term Loans”) shall have substantially similar terms as the Term Loans subject to such Extension Offer, or otherwise not materially
less favorable to the Lenders with respect to the Term Loans subject to such Extension Offer, taken as a whole (as reasonably determined
by the Borrower), except for covenants or other provisions contained therein applicable only to periods after the maturity date of the
Term Loans subject to such Extension Offer and such other terms and conditions that constitute then-current market terms for the applicable
type of Indebtedness or are otherwise reasonably acceptable to the Administrative Agent;

 

 

 

 

 

    	 	112	 

     

    

 

 

 

(iii)           
except as to interest rates, interest rate floors, premiums, original issue discounts, fees, amortization, final maturity date,
premium, required prepayment dates and participation in prepayments (which shall, subject to clauses (iv), (v) and (vi) below, be determined
by the Borrower and set forth in the relevant Extension Offer, subject to acceptance by such extending Revolving Lenders), the commitments
and Loans of any Revolving Lender that agrees to an Extension with respect to such commitments and Loans extended pursuant to an Extension
(an “Extended Revolving Loan Commitment”; and the Loans thereunder, “Extended Revolving Loans”)
shall have substantially similar terms as the Revolving Loans and Revolving Loan Commitments subject to such Extension Offer, or otherwise
not materially less favorable to the Lenders with respect to the Revolving Loans and Revolving Loan Commitments subject to such Extension
Offer, taken as a whole (as reasonably determined by the Borrower), except for covenants or other provisions contained therein applicable
only to periods after the maturity date of the Revolving Loans and Revolving Loan Commitments subject to such Extension Offer and such
other terms and conditions that constitute then-current market terms for the applicable type of Indebtedness or are otherwise reasonably
acceptable to the Administrative Agent;

 

(iv)            
(A) the final maturity date of any Extended Term Loans shall be no earlier than the latest maturity date of the Term Loans subject
to such an Extension Offer and (B) no Extended Revolving Loan Commitments or Extended Revolving Loans shall have a final maturity date
earlier than (or require commitment reductions prior to) the latest maturity date of the Revolving Loans and Revolving Loan Commitments
subject to such an Extension Offer;

 

(v)              
[Reserved];

 

(vi)            
any Extended Term Loans may participate on a pro rata basis or a less than pro rata basis (but not greater than pro
rata basis) with non-extended tranches of the Term Loans in any voluntary or mandatory prepayments hereunder, in each case as specified
in the respective Extension Offer; and

 

(vii)         
if the aggregate principal amount of the Loans or commitments (calculated on the outstanding principal amount thereof), as the
case may be, in respect of which Lenders shall have accepted an Extension Offer shall exceed the maximum aggregate principal amount of
Loans or commitments offered to be extended (not to exceed the maximum principal amount set forth in the respective Extension Offer) by
the Borrower pursuant to such Extension Offer, then the Loans or commitments, as the case may be, of such Lenders shall be extended ratably
up to such maximum amount based on the respective principal or commitment amounts with respect to which such Lenders have accepted such
Extension Offer.

 

 

 

 

 

    	 	113	 

     

    

 

 

 

With respect to all Extensions consummated by the
Borrower pursuant to this Section, (i) such Extensions shall not constitute voluntary or mandatory payments or prepayments for purposes
of this Agreement and (ii) no Extension Offer is required to be in any minimum amount or any minimum increment; provided that the
Borrower may at its election specify as a condition to consummating any such Extension that a minimum amount (to be determined and specified
in the relevant Extension Offer in the Borrower’s sole discretion and may be waived by the Borrower) of the Loans or commitments,
as the case may be, be tendered. The Administrative Agent and Lenders hereby consent to the transactions contemplated by this Section
(including, for the avoidance of doubt, payment of any interest, fees or premium in respect of any Extended Term Loans, Extended Revolving
Loan Commitment and Extended Revolving Loans on the such terms as may be set forth in the relevant Extension Offer) and hereby waive the
requirements of any provision of this Agreement or any other Loan Document that may otherwise prohibit or conflict with any such Extension
or any other transaction contemplated by this Section.

 

No consent of the Administrative Agent or any Lender
shall be required to effectuate any Extension, other than the consent of each Lender agreeing to such Extension with respect to its Loans
or commitments, as the case may be (or a portion thereof). All Extended Term Loans, Extended Revolving Loan Commitment and Extended Revolving
Loans and all obligations in respect thereof shall be Obligations under this Agreement and the other Loan Documents and secured by a Lien
on the Collateral on a pari passu basis with all other applicable Obligations. The Lenders hereby irrevocably authorize Administrative
Agent to enter into amendments to this Agreement and the other Loan Documents with the Borrower (on behalf of all Loan Parties) as may
be necessary in order to establish new tranches or sub-tranches in respect of the Loans and/or commitments so extended (including amending
scheduled amortization payments to give effect to such new or sub tranches (it being understood that the amount of any amortization payment
payable with respect to any individual Term Loan of such existing Class that is not an Extended Term Loan shall not be reduced as a result
thereof)) and such technical amendments as may be necessary in the reasonable opinion of Administrative Agent and the Borrower in connection
with the establishment of such new tranches or sub-tranches, in each case on terms consistent with this Section. Without limiting the
foregoing, in connection with any Extensions the applicable Loan Parties shall (at their expense) amend (and Administrative Agent is hereby
directed by the Lenders to amend) any Mortgage that has a maturity date prior to the later of the then latest maturity date of the Loans
and commitments, so that such maturity date referenced therein is extended to the latest maturity date of the Loans and commitments. Administrative
Agent shall promptly notify each Lender of the effectiveness of each such amendment.

 

In connection with any Extension, the Borrower
shall provide Administrative Agent at least five (5) Business Days (or such shorter period as may be agreed by Administrative Agent) prior
written notice thereof, and shall agree to such procedures (including regarding timing, rounding and other adjustments and to ensure reasonable
administrative management of the Facilities after such Extension), if any, as may be established by, or acceptable to, Administrative
Agent, in each case acting reasonably to accomplish the purposes of this Section 12.2(d). This Section 12.2(d) shall supersede
any provisions of this Section 12.2 to the contrary.

 

 

 

 

 

    	 	114	 

     

    

 

 

 

12.3         
Fees and Expenses.

 

The Borrower shall pay within thirty (30) days
(or such longer period as the Administrative Agent may agree) after receipt of reasonably detailed documentation therefor, (i) all reasonable
and documented out-of-pocket expenses incurred by the Administrative Agent and the Joint Lead Arrangers (limited, in the case of legal
costs and expenses, to the reasonable and documented out-of-pocket expenses of one counsel to all such Persons, taken as a whole, and,
if reasonably necessary and with the Borrower’s consent (not to be unreasonably withheld), a single local counsel for all such Persons,
taken as a whole, in each relevant material jurisdiction) in connection with due diligence performed in connection with the arrangement
of the credit facilities provided for herein, the syndication of the credit facilities provided for herein, the preparation, negotiation,
execution, delivery and administration of the Loan Documents (to the extent not paid on the Effective Date), (ii) all reasonable and documented
out-of-pocket expenses incurred by the Administrative Agent (limited, in the case of legal costs and expenses, to the reasonable and documented
out-of-pocket expenses of one counsel and, if reasonably necessary and with the Borrower’s consent (not to be unreasonably withheld),
a single local counsel in each relevant material jurisdiction) in connection with any amendments, modifications or waivers of the provisions
of the Loan Documents, (iii) all reasonable and documented out-of-pocket expenses incurred by the L/C Issuer in connection with the issuance,
amendment, renewal or extension of any Letter of Credit and (iv) all reasonable and documented out-of-pocket expenses incurred by the
Administrative Agent and the Lenders (limited, in the case of legal costs and expenses, to the reasonable and documented out-of-pocket
expenses of one counsel to all such Persons, taken as a whole, and, if reasonably necessary and with the Borrower’s consent (not
to be unreasonably withheld), a single local counsel for all such Persons, taken as a whole, in each relevant material jurisdiction),
in connection with the enforcement of any rights under this Agreement or any other Loan Documents, including rights under this Section;
provided, the Borrower shall not be obligated to pay for any third party advisor or consultants (in addition to those set forth
in the immediately preceding clause (iv)), except following an Event of Default with respect to which the Requisite Lenders have accelerated
the Loans or are pursing remedies, in which case the Borrower shall pay the reasonable and documented out-of-pocket expenses of one additional
advisor to the extent the Borrower has provided its prior written consent (in its sole discretion).

 

12.4      
Indemnity.

 

(a)              
Without duplication of and subject to the limitations set forth under the expense reimbursement obligations pursuant to Section
12.3, each Loan Party shall jointly and severally indemnify and hold harmless each of the Administrative Agent, L/C Issuer, the Joint
Lead Arrangers and the Lenders and each such Person’s respective Affiliates, officers, directors, members, partners, employees,
advisors, agents and representatives (each, an “Indemnified Person”), from and against any and all losses (other than
lost profits), claims, damages, liabilities and reasonable and documented out-of-pocket costs and expenses (but limited, in the case of
legal costs and expenses, to one counsel for all Indemnified Persons, taken as a whole, and, if reasonably necessary, a single local counsel
for all Indemnified Persons taken as a whole in each relevant material jurisdiction and, solely in the case of a reasonably perceived
conflict of interest, one additional counsel in each relevant material jurisdiction to the affected Indemnified Persons similarly situated
taken as a whole) to which any such Indemnified Person is subject arising out of, resulting from or in connection with any actual or threatened
claim, litigation, investigation or proceeding relating to this Agreement and the other Loan Documents (any of the foregoing, an “Action”),
regardless of whether any such Indemnified Person is a party thereto, whether or not such Action is brought by the Borrower or any of
its Affiliates, creditors or any other Person (collectively, “Indemnified Liabilities”); provided, that the
foregoing indemnity will not, as to any

 

 

 

 

 

 

    	 	115	 

     

    

 

 

 

Indemnified Person, apply to losses, claims, damages, liabilities or expenses (i) to the extent
resulting from the gross negligence, bad faith or willful misconduct of such Indemnified Person or any of its Related Indemnified Persons,
(ii) to the extent arising from a material breach of the obligations of such Indemnified Person or any of its Related Indemnified Persons
under this Agreement or the other Loan Documents (in the case of each of preceding clauses (i) and (ii), as determined by a court of competent
jurisdiction in a final, non-appealable judgment), or (iii) to the extent arising from any dispute solely among Indemnified Persons (other
than any claims against an Indemnified Person in its capacity or in fulfilling its role as the Administrative Agent or any Joint Lead
Arranger and other than any claims arising out of any act or omission on the part of the Borrower or any of its Affiliates (as determined
by a court of competent jurisdiction in a final and non-appealable judgment)).

 

(b)              
Notwithstanding the foregoing, (i) no Indemnified Person or any other party hereto shall be liable for any damages arising from
the use by others of information or other materials obtained through electronic, telecommunications or other information transmission
systems, except to the extent such damages are found in a final non-appealable judgment of a court of competent jurisdiction to have resulted
from the willful misconduct, bad faith or gross negligence of such Indemnified Person, any Related Indemnified Person or such other party
hereto, as applicable, and (ii) neither (x) any Indemnified Person or any of its Related Indemnified Persons, nor (y) the Borrower (or
any of its Subsidiaries or Affiliates) shall be liable for any indirect, special, punitive or consequential damages (with respect to the
Borrower in the case of this clause (y), other than in respect of any such damages incurred or paid by an Indemnified Person to a third
party) in connection with the Loan Documents (including the use of proceeds thereunder), or with respect to any activities related to
the Loan Documents; provided, that nothing contained in this sentence shall limit the Borrower’s (or its Subsidiaries’
and Affiliates’) indemnification obligations hereinabove to the extent such special, indirect, consequential or punitive damages
are included in any third party claim in connection with which such Indemnified Person is otherwise entitled to indemnification hereunder.

 

(c)              
The Borrower shall not be liable for any settlement of any Action effected without its prior written consent (which consent shall
not be unreasonably withheld, conditioned or delayed), but if settled with the Borrower’s written consent or if there is a final
and non-appealable judgment by a court of competent jurisdiction in any such Action, the Borrower agrees to indemnify and hold harmless
each Indemnified Person in the manner set forth above. The Borrower shall not, without the prior written consent of the affected Indemnified
Person (which consent shall not be unreasonably withheld, conditioned or delayed), effect any settlement of any pending or threatened
Action against such Indemnified Person in respect of which indemnity has been sought hereunder by such Indemnified Person unless such
settlement (i) includes an unconditional release of such Indemnified Person in form and substance reasonably satisfactory to such Indemnified
Person (which approval shall not be unreasonable) from all liability with respect to claims that are the subject matter of such Action,
(ii) does not include any statement as to any admission of fault or culpability of such Indemnified Person and (iii) contains customary
confidentiality provisions with respect to the terms of such settlement.

 

 

 

 

 

    	 	116	 

     

    

 

 

 

(d)              
Notwithstanding the foregoing, each Indemnified Person (and its Related Indemnified Persons) shall be obligated to refund and/or
return promptly any and all amounts paid by the Borrower or on the Borrower’s behalf under this paragraph to such Indemnified Person
(or its Related Indemnified Persons) for any such losses, claims, damages, liabilities and expenses to the extent such Indemnified Person
(or its Related Indemnified Persons) is not entitled (as determined by a court of competent jurisdiction in a final and non-appealable
judgment) to payment of such amounts in accordance with the terms hereof.

 

(e)              
All amounts due under this Section 12.4 shall be payable within thirty (30) days (or such longer period as the applicable
Indemnified Person may agree to) following demand therefor and presentment of a reasonably-detailed invoice relating thereto setting forth
such amounts in reasonable detail, together with any supporting documentation reasonably requested by the Borrower.

 

(f)               
This Section 12.4 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising
from any non-Tax claim.

 

12.5         
No Waiver.

 

Administrative Agent’s or any Lender’s
failure, at any time or times, to require strict performance by the Loan Parties of any provision of this Agreement and any of the other
Loan Documents shall not waive, affect or diminish any right of Administrative Agent or such Lender thereafter to demand strict compliance
and performance therewith. Any suspension or waiver of an Event of Default shall not suspend, waive or affect any other Event of Default
whether the same is prior or subsequent thereto and whether the same or of a different type. Subject to the provisions of Section 12.2,
none of the undertakings, agreements, warranties, covenants and representations of any Loan Party contained in this Agreement or any of
the other Loan Documents and no Default or Event of Default by any Loan Party shall be deemed to have been suspended or waived by Administrative
Agent or any Lender, unless such waiver or suspension is by an instrument in writing signed by an officer of or other authorized employee
of the Administrative Agent and the applicable Requisite Lenders, and directed to Borrower specifying such suspension or waiver.

 

12.6         
Remedies.

 

Administrative Agent’s, Swingline Lender’s,
each L/C Issuer’s and each Lender’s rights and remedies under this Agreement shall be cumulative and nonexclusive of any other
rights and remedies which the Administrative Agent, the Swingline Lender, any L/C Issuer or any Lender may have under any other agreement,
including the other Loan Documents, by operation of Law or otherwise. Notwithstanding anything to the contrary contained herein or in
any of the other Loan Documents, the Borrower, the Administrative Agent and each Secured Party agrees that no Secured Party (other than
the Administrative Agent) shall have any right individually to realize upon any of the Collateral or to enforce any guaranty hereunder
or under any of the other Loan Documents, it being understood and agreed that all powers, rights and remedies hereunder and thereunder
may be exercised solely by the Administrative Agent, on behalf of the Secured Parties, in accordance with the terms hereof and thereof.

 

12.7         
Severability.

 

Wherever possible, each provision of this Agreement
and the other Loan Documents shall be interpreted in such a manner as to be effective and valid under applicable Law, but if any provision
of this Agreement shall be prohibited by or invalid under applicable Law, such provision shall be ineffective to the extent of such prohibition
or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement.

 

 

 

 

 

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12.8         
Conflict of Terms.

 

Except as otherwise provided in this Agreement
or any of the other Loan Documents by specific reference to the applicable provisions of this Agreement, if any provision contained in
this Agreement is in conflict with, or inconsistent with, any provision in any of the other Loan Documents, the provision contained in
this Agreement shall govern and control.

 

12.9         
GOVERNING LAW.

 

EXCEPT AS OTHERWISE EXPRESSLY PROVIDED IN ANY OF
THE LOAN DOCUMENTS, IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE, THE LOAN DOCUMENTS AND THE OBLIGATIONS
SHALL BE GOVERNED BY, AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND
PERFORMED IN THAT STATE AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA. EACH PARTY HERETO CONSENTS AND AGREES THAT THE STATE
OR FEDERAL COURTS LOCATED IN NEW YORK COUNTY, CITY OF NEW YORK, NEW YORK SHALL HAVE EXCLUSIVE JURISDICTION TO HEAR AND DETERMINE ANY CLAIMS
OR DISPUTES BETWEEN THE LOAN PARTIES, ADMINISTRATIVE AGENT AND THE LENDERS PERTAINING TO THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS
OR TO ANY MATTER ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS; PROVIDED THAT THE ADMINISTRATIVE
AGENT, THE LENDERS AND THE LOAN PARTIES ACKNOWLEDGE THAT ANY APPEALS FROM THOSE COURTS MAY HAVE TO BE HEARD BY A COURT LOCATED OUTSIDE
OF NEW YORK COUNTY, CITY OF NEW YORK, NEW YORK AND PROVIDED, FURTHER NOTHING IN THIS AGREEMENT SHALL BE DEEMED OR OPERATE
TO PRECLUDE EITHER THE ADMINISTRATIVE AGENT OR ANY LENDER FROM BRINGING SUIT OR TAKING OTHER LEGAL ACTION IN ANY OTHER JURISDICTION TO
REALIZE ON THE COLLATERAL OR ANY OTHER SECURITY FOR THE OBLIGATIONS, OR TO ENFORCE A JUDGMENT OR OTHER COURT ORDER IN FAVOR OF THE ADMINISTRATIVE
AGENT. EACH PARTY HERETO EXPRESSLY SUBMITS AND CONSENTS IN ADVANCE TO SUCH JURISDICTION IN ANY ACTION OR SUIT COMMENCED IN ANY SUCH COURT,
AND EACH PARTY HERETO WAIVES ANY OBJECTION WHICH SUCH LOAN PARTY MAY HAVE BASED UPON LACK OF PERSONAL JURISDICTION, IMPROPER VENUE OR
FORUM NON CONVENIENS AND HEREBY CONSENTS TO THE GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF AS IS DEEMED APPROPRIATE BY SUCH COURT.
EACH PARTY HERETO WAIVES PERSONAL SERVICE OF THE SUMMONS, COMPLAINT AND OTHER PROCESS ISSUED IN ANY SUCH ACTION OR SUIT AND AGREES THAT
SERVICE OF SUCH SUMMONS, COMPLAINTS AND OTHER PROCESS MAY BE MADE BY REGISTERED OR CERTIFIED MAIL ADDRESSED TO SUCH LOAN PARTY AT THE
ADDRESS SET FORTH ON SCHEDULE 12.10 AND THAT SERVICE SO MADE SHALL BE DEEMED COMPLETED UPON THE EARLIER OF SUCH LOAN PARTY’S ACTUAL
RECEIPT THEREOF OR THREE (3) DAYS AFTER DEPOSIT IN THE U.S. MAILS, REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED WITH PROPER
POSTAGE PREPAID.

 

 

 

 

 

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12.10     
Notices.

 

Except as otherwise provided herein, whenever it
is provided herein that any notice, demand, request, consent, approval, declaration or other communication shall or may be given to or
served upon any of the parties by any other parties, or whenever any of the parties desires to give or serve upon any other parties any
communication with respect to this Agreement, each such notice, demand, request, consent, approval, declaration or other communication
shall be in writing and shall be deemed to have been validly served, given or delivered (a) upon the earlier of actual receipt and three
(3) Business Days after deposit in the United States Mails, registered or certified mail, return receipt requested, with proper postage
prepaid, (b) upon transmission, when sent by telecopy or other similar facsimile transmission (with such telecopy or facsimile transmission
confirmed as successfully sent by the sender’s telecopy or facsimile machine), (c) one (1) Business Day after deposit with a reputable
overnight courier with all charges prepaid, (d) when delivered, if hand-delivered by messenger, or (e) with respect to email and other
electronic transmissions, on the later of the date of posting and the date access to such posting is given to the recipient thereof in
accordance with the standard procedures applicable to such E-System, if posted to Intralinks®, DebtX or another E-System designated
by Administrative Agent, in an appropriate location by uploading such notice, demand, request, approval or other declaration, or other
communication, all of which (except in the case of clause (e) above) shall be addressed to the party to be notified and sent to the address
or facsimile number indicated on Schedule 12.10 or to such other address (or facsimile number) as may be substituted by notice given as
provided herein; provided that all such notices, demands, requests, consents, approvals, declarations or other communications to
be delivered to a Loan Party shall be delivered to Borrower in compliance with the foregoing procedures. The giving of any notice required
hereunder may be waived in writing by the party entitled to receive such notice. Failure or delay in delivering copies of any notice,
demand, request, consent, approval, declaration or other communication to any Person (other than Borrower or Administrative Agent) designated
on Schedule 12.10 to receive copies shall in no way adversely affect the effectiveness of such notice, demand, request, consent, approval,
declaration or other communication. Notwithstanding anything herein to the contrary, notices and communications sent to Administrative
Agent pursuant to Articles II, III, V and Sections 10.2 - 10.7, respectively, shall not be effective
until actually received by Administrative Agent. The method of communicating set forth in clause (e) above shall only be available for
the sending of communications by Administrative Agent to Lenders.

 

Each of Holdings and the Borrower hereby agrees,
unless directed otherwise by the Administrative Agent, that it will, or will cause the Subsidiaries to, provide to the Administrative
Agent all information, documents and other materials that it is obligated to furnish to the Administrative Agent pursuant to the Loan
Documents or to the Lenders under Article V, including all notices, requests, financial statements, financial and other reports,
certificates and other information materials, but excluding any such communication that (a) is or relates to a Notice of Advance, a Notice
of Conversion/Continuation or a notice requesting the issuance, amendment, extension or renewal of a Letter of Credit pursuant to Section
2.2, (b) relates to the payment of any principal or other amount due under this Agreement prior to the scheduled date therefor, (c)
provides notice of any Default or Event of Default under this Agreement or any other Loan Document or (d) is required to be delivered
to satisfy any condition precedent to the effectiveness of this Agreement and/or any Borrowing or other extension of credit hereunder
(all such non-excluded communications being referred to herein collectively as “Communications”), by transmitting the
Communications in an electronic/soft medium that is properly identified to an electronic mail address as directed by the Administrative
Agent. Any communication described in clauses (a) through (d) may also be delivered or furnished by electronic communication pursuant
to procedures approved by the Administrative Agent.

 

 

 

 

 

    	 	119	 

     

    

 

 

 

Each of Holdings and the Borrower hereby acknowledges
that (a) the Administrative Agent will make available to the Lenders and the L/C Issuers materials and/or information provided by or on
behalf of Holdings or the Borrower hereunder (collectively, the “Borrower Materials”) by posting the Borrower Materials
on the E-System and (b) certain of the Lenders may be “public-side” Lenders (i.e., Lenders that do not wish to receive material
non-public information within the meaning of the United States federal securities laws with respect to Holdings, the Borrower or their
securities) (each, a “Public Lender”). Each of Holdings and the Borrower hereby agrees that (i) if reasonably requested
by the Administrative Agent, the Borrower shall use commercially reasonable efforts to identify that portion of the Borrower Materials
that may be distributed to Public Lenders, which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently
on the first page thereof; (ii) by marking Borrower Materials “PUBLIC,” the Borrower shall be deemed to have authorized the
Administrative Agent and the Lenders to treat the Borrower Materials as not containing any material non-public information, other than
information of the type that would be publicly disclosed in connection with an issuance of securities by Holdings or the Borrower pursuant
to a public offering, with respect to Holdings, the Borrower or their securities for purposes United States federal securities Laws (provided,
however, that to the extent the Borrower Materials constitute Information, they shall be treated as set forth in Section 12.17);
(iii) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the E-System designated
as “Public Investor”; and (iv) the Administrative Agent shall be entitled to treat the Borrower Materials that are not marked
“PUBLIC” as being suitable only for posting on a portion of the E-System not marked as “Public Investor”. Notwithstanding
the foregoing, the following Borrower Materials shall be marked “PUBLIC”, unless Holdings or the Borrower notify the Administrative
Agent reasonably in advance of the intended distribution that any such document contains material non-public information: (A) the Loan
Documents and (B) notification of changes in the terms of the credit facilities provided for herein.

 

Each Public Lender agrees to cause at least one
individual at or on behalf of such Public Lender to at all times have selected the “Private Side Information” or similar designation
on the content declaration screen of the E-System in order to enable such Public Lender or its delegate, in accordance with such Public
Lender’s compliance procedures and applicable Law, including foreign, United States Federal and state securities Laws, to make reference
to Communications that are not made available through the “Public Side Information” portion of the E-System and that may contain
material non-public information with respect to Holdings or the Borrower or their securities for purposes of foreign, United States Federal
or state securities Laws.

 

 

 

 

 

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THE E-SYSTEM IS PROVIDED “AS IS” AND
“AS AVAILABLE”. NEITHER THE ADMINISTRATIVE AGENT NOR ANY OF ITS RELATED PARTIES WARRANTS THE ACCURACY OR COMPLETENESS OF THE
COMMUNICATIONS OR THE ADEQUACY OF THE E-SYSTEM AND EACH 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 THE ADMINISTRATIVE AGENT OR ANY OF ITS RELATED PARTIES
IN CONNECTION WITH THE COMMUNICATIONS OR THE E-SYSTEM. IN NO EVENT SHALL THE ADMINISTRATIVE AGENT OR ANY OF ITS RELATED PARTIES HAVE ANY
LIABILITY TO ANY LOAN PARTY, ANY LENDER OR ANY OTHER PERSON FOR DAMAGES OF ANY KIND, WHETHER OR NOT BASED ON STRICT LIABILITY AND 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 ANY SUCH PERSON IS FOUND IN A FINAL NON-APPEALABLE RULING BY A COURT OF COMPETENT JURISDICTION TO HAVE RESULTED FROM
SUCH PERSON’S GROSS NEGLIGENCE, BAD FAITH OR WILLFUL MISCONDUCT.

 

The Administrative Agent agrees that the receipt
of the Communications by it at its e-mail address set forth above shall constitute effective delivery of the Communications to it for
purposes of the Loan Documents. Each Lender agrees that receipt of notice to it (as provided in the next sentence) specifying that the
Communications have been posted to the E-System shall constitute effective delivery of the Communications to such Lender for purposes
of the Loan Documents. Each Lender agrees to notify the Administrative Agent in writing (including by electronic communication) from time
to time of such Lender’s e-mail address to which the foregoing notice may be sent by electronic transmission and that the foregoing
notice may be sent to such e-mail address. In the event that any Public Lender has determined for itself to not access any information
disclosed through the E-System or otherwise, such Public Lender acknowledges that (i) other Lenders may have availed themselves of such
information and (ii) neither the Borrower nor the Administrative Agent has any responsibility for such Public Lender’s decision
to limit the scope of the information it has obtained in connection with this Agreement and the other Loan Documents. Nothing herein shall
prejudice the right of the Administrative Agent or any Lender to give any notice or other communication pursuant to any Loan Document
in any other manner specified in such Loan Document.

 

12.11     
Section Titles.

 

The Section titles and Table of Contents contained
in this Agreement are and shall be without substantive meaning or content of any kind whatsoever and are not a part of the agreement between
the parties hereto.

 

12.12     
Counterparts; Electronic Signatures.

 

This Agreement may be executed in any number of
separate counterparts, each of which shall collectively and separately constitute one agreement. Signature pages to this Agreement delivered
by electronic transmission (including by email in .pdf format) shall be as effective as delivery of a manually executed counterpart hereof.

 

 

 

 

 

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12.13     
WAIVER OF JURY TRIAL.

 

BECAUSE DISPUTES ARISING IN CONNECTION WITH COMPLEX
FINANCIAL TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN EXPERIENCED AND EXPERT PERSON AND THE PARTIES WISH APPLICABLE
STATE AND FEDERAL LAWS TO APPLY (RATHER THAN ARBITRATION RULES), THE PARTIES DESIRE THAT THEIR DISPUTES BE RESOLVED BY A JUDGE APPLYING
SUCH APPLICABLE LAWS. THEREFORE, TO ACHIEVE THE BEST COMBINATION OF THE BENEFITS OF THE JUDICIAL SYSTEM AND OF ARBITRATION, THE PARTIES
HERETO WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT, OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE, WHETHER SOUNDING IN CONTRACT,
TORT OR OTHERWISE, AMONG ADMINISTRATIVE AGENT, LENDERS AND ANY LOAN PARTY ARISING OUT OF, CONNECTED WITH, RELATED TO, OR INCIDENTAL TO
THE RELATIONSHIP ESTABLISHED AMONG THEM IN CONNECTION WITH, THIS AGREEMENT OR ANY OF THE OTHER LOAN DOCUMENTS OR THE TRANSACTIONS RELATED
THERETO.

 

12.14     
Reinstatement.

 

This Agreement shall remain in full force and effect
and continue to be effective should any petition be filed by or against the Borrower for liquidation or reorganization, should the Borrower
become insolvent or make an assignment for the benefit of any creditor or creditors or should a receiver or trustee be appointed for all
or any significant part of the Borrower’s assets, and shall continue to be effective or to be reinstated, as the case may be, if
at any time payment and performance of the Obligations, or any part thereof, is, pursuant to applicable Law, rescinded or reduced in amount,
or must otherwise be restored or returned by any obligee of the Obligations, whether as a “voidable preference,” “fraudulent
conveyance,” or otherwise, all as though such payment or performance had not been made. In the event that any payment, or any part
thereof, in respect of the Obligations is rescinded, reduced, restored or returned, the Obligations shall be reinstated and deemed reduced
only by such amount paid and not so rescinded, reduced, restored or returned.

 

12.15     
Advice of Counsel.

 

Each of the parties represents to each other party
hereto that it has discussed this Agreement and, specifically, the provisions of Sections 12.9 and 12.13, with its counsel.

 

12.16     
No Strict Construction.

 

The parties hereto have participated jointly in
the negotiation and drafting of this Agreement. In the event an ambiguity or question of intent or interpretation arises, this Agreement
shall be construed as if drafted jointly by the parties hereto and no presumption or burden of proof shall arise favoring or disfavoring
any party by virtue of the authorship of any provisions of this Agreement.

 

 

 

 

 

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12.17     
Treatment of Certain Information; Confidentiality.

 

Each of Administrative Agent, the Lenders and the
L/C Issuers agrees to maintain in accordance with its customary procedures for maintaining confidential information the confidentiality
of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and the L/C Issuer and to its, its
Affiliates’ and L/C Issuer’s respective partners, investors, lenders, directors, officers, employees, agents, advisors, attorneys
and representatives on a need to know basis in connection with the transactions hereunder (it being understood that the Persons to whom
such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential),
(b) on a confidential basis, to the extent requested by any regulatory authority purporting to have jurisdiction over it (including any
self-regulatory authority, such as the National Association of Insurance Commissioners) and any Rating Agency, (c) to the extent required
by applicable Laws or by any subpoena or similar legal process or demanded by any Governmental Authority (including, without limitation,
in connection with filings, submissions and any other similar documentation required or customary to comply with Securities and Exchange
Commission filing requirements), provided, that unless specifically prohibited by applicable Law or court order, each of Administrative
Agent, the Lenders and the L/C Issuers shall make reasonable efforts to notify the Borrower of any request by any Governmental Authority
or representative thereof (other than any such request in connection with any examination of the financial condition or other routine
examination of such Lender by such Governmental Authority) for disclosure of any Information prior to disclosure of such Information,
(d) in connection with the exercise of, or preparing to exercise, any remedies hereunder or under any other Loan Document or any action
or proceeding relating to this Agreement or any other Loan Document or the enforcement of, or preparing to enforce, rights hereunder or
thereunder, (e) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of
or participant in, or any prospective assignee of or participant in, any of its rights or obligations under this Agreement or (ii) any
actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to Borrower, (f) with the consent
of Borrower, (g) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section or (y)
becomes available to Administrative Agent, any Lender or L/C Issuer, on a non-confidential basis from a source other than the Loan Parties
or any of their respective Affiliates or representatives, (h) to the extent necessary or customary for inclusion in league table measurements
or in any tombstone, (i) on a confidential basis, to the National Association of Insurance Commissioners or any similar organization,
any examiner or any Rating Agency, (j) to a Person that is an investor or prospective investor in a securitization or other financing,
separate account or commingled fund so long as such investor or prospective investor agrees that its access to Information regarding the
Loan Parties and the Loans and Commitments is solely for purposes of evaluating an investment in such securitization or other financing,
separate account or commingled fund and who agrees to treat such Information as confidential, (k) to a Person that is a trustee, collateral
agent, collateral manager, servicer, noteholder, equity holder or secured party in a securitization in connection with the administration,
servicing and evaluation of, and reporting on, the assets serving as collateral for such securitization and who agrees (along with any
investors in any such securitization) to treat such Information as confidential or (l) otherwise to the extent consisting of general portfolio
information that does not identify borrowers.

 

 

 

 

 

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For purposes of this Section, “Information”
means all information received from or on behalf of the Loan Parties or any of their respective Affiliates or representatives relating
to the Loan Parties or any of their respective Affiliates, or any of their respective businesses or operations, other than any such information
that is available to Administrative Agent, any Lender or L/C Issuer on a non-confidential basis prior to disclosure by or on behalf of
such Persons. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have
complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information
as such Person would accord to its own confidential information.

 

The Administrative Agent and each Joint Lead Arranger
listed on the cover page hereof may, with the Borrower’s prior consent (not to be unreasonably withheld, conditioned or delayed),
publicize their services and roles hereunder, including by issuing press releases, tombstones listing the amount, type and Effective Date
of the financing transactions contemplated by this Agreement and the other Loan Documents, advertising and other promotional materials
(whether by means of electronic transmission, posting to a website or other internet application, print media or otherwise); provided
that each such Person shall use commercially reasonable efforts to agree upon mutually satisfactory text therefor.

 

12.18     
Anti-Money Laundering Legislation.

 

(a)              
Each Loan Party acknowledges that, pursuant to anti-money laundering laws, the Lenders and Administrative Agent may be required
to obtain, verify and record information regarding each Loan Party, its respective directors, authorized signing officers, direct or indirect
shareholders or other Persons in control of such Loan Party, and the transactions contemplated hereby. Borrower shall promptly provide
all such information, including supporting documentation and other evidence, as may be reasonably requested in writing by any Lender or
Administrative Agent, or any prospective assignee or participant of a Lender or Administrative Agent, in order to comply with any applicable
anti-money laundering laws, whether now or hereafter in existence.

 

(b)              
If Administrative Agent has ascertained the identity of the Loan Parties or any authorized signatories of the Loan Parties for
the purposes of applicable anti-money laundering laws, then Administrative Agent:

 

(i)                
shall be deemed to have done so as an agent for each Lender, and this Agreement shall constitute a “written agreement”
in such regard between each Lender and Administrative Agent within the meaning of applicable anti-money laundering laws; and

 

(ii)             
shall provide to each Lender copies of all information obtained in such regard without any representation or warranty as to its
accuracy or completeness.

 

Notwithstanding the preceding sentence and except
as may otherwise be agreed in writing, each of the Lenders agrees that Administrative Agent has no obligation to ascertain the identity
of the Loan Parties or any authorized signatories of the Loan Parties on behalf of any Lender, or to confirm the completeness or accuracy
of any information it obtains from the Loan Parties or any such authorized signatory in doing so.

 

12.19     
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 such parties, each party 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:

 

 

 

 

 

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

 

(iii)           
the variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of the applicable
Resolution Authority.

 

12.20     
ERISA.

 

(a)              
Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the
date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative
Agent and the Joint Lead Arrangers and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the
Borrower or any other Loan Party, that at least one of the following is and will be true:

 

(i)                
such Lender is not using “plan assets” (within the meaning of 29 CFR § 2510.3-101, as modified by Section 3(42)
of ERISA) of one or more Plans in connection with the Loans, the Letters of Credit or the Commitments,

 

(ii)             
the transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined
by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company
general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38
(a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions
determined by in-house asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration
of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement,

 

 

 

 

 

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(iii)           
(A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part
VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate
in, administer and perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C) the entrance into, participation
in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the requirements
of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a)
of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance
of the Loans, the Letters of Credit, the Commitments and this Agreement, or

 

(iv)            
such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion,
and such Lender.

 

(b)              
In addition, unless sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or such Lender has
provided another representation, warranty and covenant as provided in sub-clause (iv) in the immediately preceding clause (a), such Lender
further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such
Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative
Agent and the Joint Lead Arranger and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrower
or any other Loan Party, that:

 

(i)                
none of the Administrative Agent and the Joint Lead Arrangers and their respective Affiliates is a fiduciary with respect to the
assets of such Lender (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement,
any Loan Document or any documents related to hereto or thereto),

 

(ii)             
the Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in, administration
of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement is independent (within the meaning of 29 CFR
§ 2510.3-21) and is a bank, an insurance carrier, an investment adviser, a broker-dealer or other person that holds, or has under
management or control, total assets of at least $50 million, in each case as described in 29 CFR § 2510.3-21(c)(1)(i)(A)-(E),

 

 

 

 

 

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(iii)           
the Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in, administration
of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement is capable of evaluating investment risks independently,
both in general and with regard to particular transactions and investment strategies (including in respect of the Obligations),

 

(iv)            
the Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in, administration
of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement is a fiduciary under ERISA or the IRC, or both,
with respect to the Loans, the Letters of Credit, the Commitments and this Agreement and is responsible for exercising independent judgment
in evaluating the transactions hereunder, and

 

(v)              
no fee or other compensation is being paid directly to the Administrative Agent or any Joint Lead Arranger or any their respective
Affiliates for investment advice (as opposed to other services) in connection with the Loans, the Letters of Credit, the Commitments or
this Agreement.

 

(c)              
The Administrative Agent and the Joint Lead Arrangers hereby informs the Lenders that each such Person is not undertaking to provide
impartial investment advice, or to give advice in a fiduciary capacity, in connection with the transactions contemplated hereby, and that
such Person has a financial interest in the transactions contemplated hereby in that such Person or an Affiliate thereof (i) may receive
interest or other payments with respect to the Loans, the Letters of Credit, the Commitments and this Agreement, (ii) may recognize a
gain if it extended the Loans, the Letters of Credit or the Commitments for an amount less than the amount being paid for an interest
in the Loans, the Letters of Credit or the Commitments by such Lender or (iii) may receive fees or other payments in connection with the
transactions contemplated hereby, the Loan Documents or otherwise, including structuring fees, commitment fees, arrangement fees, facility
fees, upfront fees, underwriting fees, ticking fees, agency fees, administrative agent or collateral agent fees, utilization fees, minimum
usage fees, letter of credit fees, fronting fees, deal-away or alternate transaction fees, amendment fees, processing fees, term out premiums,
banker’s acceptance fees, breakage or other early termination fees or fees similar to the foregoing.

 

12.21     
Effect of Amendment and Restatement of the Existing Credit Agreement: No Novation.

 

As of the Effective Date, the terms and conditions
of the Existing Credit Agreement are amended as set forth in, and are restated in their entirety and superseded by, this Agreement. The
parties hereto acknowledge and agree that (a) this Agreement and the other Loan Documents, whether executed and delivered in connection
herewith or otherwise, do not constitute, and nothing in this Agreement or any of the other Loan Documents shall be deemed to be, a novation
or termination of the Original Obligations as in effect prior to the Effective Date and which remain outstanding, (b) the Original Obligations
are in all respects hereby confirmed, renewed, affirmed and continued by this Agreement and (c) the Liens (as defined in the Existing
Credit Agreement) as granted under the applicable Loan Documents (as defined in the Existing Credit Agreement) securing payment of the
Original Obligations are in all respects hereby confirmed, renewed, affirmed and continued, and in full force and effect. From and after
the Effective Date, each reference to the “Agreement”, “Credit Agreement” or other reference originally applicable
to the Existing Credit Agreement contained in any Loan Document shall be a reference to this Agreement, as amended, supplemented, restated
or otherwise modified from time to time.

 

 

 

 

 

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12.22     
Intercreditor Agreements.

 

Each Lender irrevocably authorizes the Administrative
Agent to execute and deliver any Applicable Intercreditor Agreement and related intercreditor documentation (for example and without limitation
documentation with respect to intercreditor arrangements for pari passu secured indebtedness envisioned by the debt and Liens covenants
herein) in form and substance reasonably satisfactory to the Administrative Agent and to take such action, and to exercise the powers,
rights and remedies granted to the Administrative Agent thereunder and with respect thereto.

 

ARTICLE
XIII

GUARANTY

 

13.1      
Guaranty of the Obligations. Subject to the provisions of Section 13.2, the Guarantors jointly and severally
hereby irrevocably and unconditionally guaranty to the Administrative Agent for the ratable benefit of the Secured Parties the due and
punctual payment in full of all Obligations when the same shall become due, whether at stated maturity, by required prepayment, declaration,
acceleration, demand or otherwise (including amounts that would become due but for the operation of the automatic stay under Section 362(a)
of the Bankruptcy Code, 11 U.S.C. § 362(a)) (collectively, the “Guaranteed Obligations”); provided, however, that
Guaranteed Obligations consisting of obligations of any Loan Party arising under any secured Hedge Agreement shall exclude all Excluded
Rate Contract Obligations.

 

13.2         
Contribution by Guarantors. All Guarantors desire to allocate among themselves (collectively, the “Contributing
Guarantors”), in a fair and equitable manner, their obligations arising under this Guaranty. Accordingly, in the event any payment
or distribution is made on any date by a Guarantor (a “Funding Guarantor”) under this Guaranty such that its Aggregate
Payments exceeds its Fair Share as of such date, such Funding Guarantor shall be entitled to a contribution from each of the other Contributing
Guarantors in an amount sufficient to cause each Contributing Guarantor’s Aggregate Payments to equal its Fair Share as of such
date. “Fair Share” means, with respect to a Contributing Guarantor as of any date of determination, an amount equal
to (a) the ratio of (i) the Fair Share Contribution Amount with respect to such Contributing Guarantor to (ii) the aggregate
of the Fair Share Contribution Amounts with respect to all Contributing Guarantors multiplied by (b) the aggregate amount paid or
distributed on or before such date by all Funding Guarantors under this Guaranty in respect of the Guaranteed Obligations. “Fair
Share Contribution Amount” means, with respect to a Contributing Guarantor as of any date of determination, the maximum aggregate
amount of the obligations of such Contributing Guarantor under this Guaranty that would not render its obligations hereunder or thereunder
subject to avoidance as a fraudulent transfer or conveyance under Section 548 of Title 11 of the United States Code or any comparable
applicable provisions of state law; provided, that solely for purposes of calculating the Fair Share Contribution Amount with respect
to any Contributing Guarantor for purposes of this Section 13.2, any assets or liabilities of such Contributing Guarantor
arising by virtue of any rights to subrogation, reimbursement or indemnification or any rights to or obligations of contribution hereunder
shall not be considered as assets or liabilities of such Contributing Guarantor. “Aggregate Payments” means, with respect
to a Contributing Guarantor as of any date of determination, an amount equal to (1) the aggregate amount of all payments and distributions
made on or before such date by such Contributing Guarantor in respect of this Guaranty (including in respect of this Section 13.2),
minus (2) the aggregate amount of all payments received on or before such date by such Contributing Guarantor from the other Contributing
Guarantors as contributions under this Section 13.2. The amounts payable as contributions hereunder shall be determined as
of the date on which the related payment or distribution is made by the applicable Funding Guarantor. The allocation among Contributing
Guarantors of their obligations as set forth in this Section 13.2 shall not be construed in any way to limit the liability
of any Contributing Guarantor hereunder. Each Guarantor is a third party beneficiary to the contribution agreement set forth in this Section 13.2.

 

 

 

 

 

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13.3         
Payment by Guarantors. Subject to Section 13.2, Guarantors hereby jointly and severally agree, in furtherance
of the foregoing and not in limitation of any other right which any Secured Party may have at law or in equity against any Guarantor by
virtue hereof, that upon the failure of the Borrower to pay any of the Guaranteed Obligations when and as the same shall become due, whether
at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise (including amounts that would become due but
for the operation of the automatic stay under Section 362(a) of the Bankruptcy Code, 11 U.S.C. § 362(a)), Guarantors shall upon
demand pay, or cause to be paid, in Cash, to the Administrative Agent for the ratable benefit of Secured Parties, an amount equal to the
sum of the unpaid principal amount of all Guaranteed Obligations then due as aforesaid, accrued and unpaid interest on such Guaranteed
Obligations (including interest which, but for the Borrower’s becoming the subject of a case under the Bankruptcy Code, would have
accrued on such Guaranteed Obligations, whether or not a claim is allowed against the Borrower for such interest in the related bankruptcy
case) and all other Guaranteed Obligations then owed to Secured Parties as aforesaid.

 

13.4         
Liability of Guarantors Absolute. Each Guarantor agrees that its obligations hereunder are irrevocable, absolute, independent
and unconditional and shall not be affected by any circumstance which constitutes a legal or equitable discharge of a guarantor or surety
other than payment in full of the Guaranteed Obligations. In furtherance of the foregoing and without limiting the generality thereof,
each Guarantor agrees as follows:

 

(a)              
this Guaranty is a guaranty of payment when due and not of collectability. This Guaranty is a primary obligation of each Guarantor
and not merely a contract of surety;

 

(b)              
the Administrative Agent may enforce this Guaranty upon the occurrence and during the continuance of an Event of Default notwithstanding
the existence of any dispute between the Borrower and any Secured Party with respect to the existence of such Event of Default;

 

(c)              
the obligations of each Guarantor hereunder are independent of the obligations of the Borrower and the obligations of any other
guarantor (including any other Guarantor) of the obligations of the Borrower, and a separate action or actions may be brought and prosecuted
against such Guarantor whether or not any action is brought against the Borrower or any of such other guarantors and whether or not the
Borrower is joined in any such action or actions;

 

 

 

 

 

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(d)              
payment by any Guarantor of a portion, but not all, of the Guaranteed Obligations shall in no way limit, affect, modify or abridge
any Guarantor’s liability for any portion of the Guaranteed Obligations which has not been paid. Without limiting the generality
of the foregoing, if the Administrative Agent is awarded a judgment in any suit brought to enforce any Guarantor’s covenant to pay
a portion of the Guaranteed Obligations, such judgment shall not be deemed to release such Guarantor from its covenant to pay the portion
of the Guaranteed Obligations that is not the subject of such suit, and such judgment shall not, except to the extent satisfied by such
Guarantor, limit, affect, modify or abridge any other Guarantor’s liability hereunder in respect of the Guaranteed Obligations;

 

(e)              
any Secured Party, upon such terms as it deems appropriate, without notice or demand and without affecting the validity or enforceability
hereof or giving rise to any reduction, limitation, impairment, discharge or termination of any Guarantor’s liability hereunder,
from time to time may (i) renew, extend, accelerate, increase the rate of interest on, or otherwise change the time, place, manner
or terms of payment of the Guaranteed Obligations; (ii) settle, compromise, release or discharge, or accept or refuse any offer of
performance with respect to, or substitutions for, the Guaranteed Obligations or any agreement relating thereto and/or subordinate the
payment of the same to the payment of any other obligations; (iii) request and accept other guaranties of the Guaranteed Obligations
and take and hold security for the payment hereof or the Guaranteed Obligations; (iv) release, surrender, exchange, substitute, compromise,
settle, rescind, waive, alter, subordinate or modify, with or without consideration, any security for payment of the Guaranteed Obligations,
any other guaranties of the Guaranteed Obligations, or any other obligation of any Person (including any other Guarantor) with respect
to the Guaranteed Obligations; (v) enforce and apply any security now or hereafter held by or for the benefit of such Secured Party
in respect hereof or the Guaranteed Obligations and direct the order or manner of sale thereof, or exercise any other right or remedy
that such Secured Party may have against any such security, in each case as such Secured Party in its discretion may determine consistent
herewith or the applicable Hedge Agreement and any applicable security agreement, including foreclosure on any such security pursuant
to one or more judicial or nonjudicial sales, whether or not every aspect of any such sale is commercially reasonable, and even though
such action operates to impair or extinguish any right of reimbursement or subrogation or other right or remedy of any Guarantor against
the Borrower or any security for the Guaranteed Obligations; and (vi) exercise any other rights available to it under the Loan Documents
or any Hedge Agreements; and

 

(f)               
this Guaranty and the obligations of Guarantors hereunder shall be valid and enforceable and shall not be subject to any reduction,
limitation, impairment, discharge or termination for any reason (other than payment in full of the Guaranteed Obligations), including
the occurrence of any of the following, whether or not any Guarantor shall have had notice or knowledge of any of them: (i) any failure
or omission to assert or enforce or agreement or election not to assert or enforce, or the stay or enjoining, by order of court, by operation
of law or otherwise, of the exercise or enforcement of, any claim or demand or any right, power or remedy (whether arising under the Loan
Documents or any Hedge Agreements, at law, in equity or otherwise) with respect to the Guaranteed Obligations or any agreement relating
thereto, or with respect to any other guaranty of or security for the payment of the Guaranteed Obligations; (ii) any rescission,
waiver, amendment or modification of, or any consent to departure from, any of the terms or provisions (including provisions relating
to events of default) hereof, any of the other Loan Documents, any of the Hedge Agreements or any agreement or instrument executed pursuant
thereto, or of any other guaranty or security for the Guaranteed Obligations, in each case whether or not in accordance with the terms
hereof or such Loan Document, such Hedge Agreement or any agreement relating to such other guaranty or security; (iii) the Guaranteed
Obligations, or any agreement relating thereto, at any time being found to be illegal, invalid or 

 

 

 

 

 

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unenforceable in any respect; (iv) the
application of payments received from any source (other than payments received pursuant to the other Loan Documents or any of the Hedge
Agreements or from the proceeds of any security for the Guaranteed Obligations, except to the extent such security also serves as collateral
for indebtedness other than the Guaranteed Obligations) to the payment of indebtedness other than the Guaranteed Obligations, even though
any Secured Party might have elected to apply such payment to any part or all of the Guaranteed Obligations; (v) any Secured Party’s
consent to the change, reorganization or termination of the corporate structure or existence of Holdings or any of its Subsidiaries and
to any corresponding restructuring of the Guaranteed Obligations; (vi) any failure to perfect or continue perfection of a security
interest in any collateral which secures any of the Guaranteed Obligations; (vii) any defenses, set-offs or counterclaims which the
Borrower may allege or assert against any Secured Party in respect of the Guaranteed Obligations, including failure of consideration,
breach of warranty, payment, statute of frauds, statute of limitations, accord and satisfaction and usury; and (viii) any other act
or thing or omission, or delay to do any other act or thing, which may or might in any manner or to any extent vary the risk of any Guarantor
as an obligor in respect of the Guaranteed Obligations.

 

13.5         
Waivers by Guarantors. Each Guarantor hereby waives, for the benefit of Secured Parties: (a) any right to require any
Secured Party, as a condition of payment or performance by such Guarantor, to (i) proceed against the Borrower, any other guarantor
(including any other Guarantor) of the Guaranteed Obligations or any other Person, (ii) proceed against or exhaust any security held
from the Borrower, any such other guarantor or any other Person, (iii) proceed against or have resort to any balance of any deposit
account or credit on the books of any Secured Party in favor of the Borrower or any other Person, or (iv) pursue any other remedy
in the power of any Secured Party whatsoever; (b) any defense arising by reason of the incapacity, lack of authority or any disability
or other defense of the Borrower or any other Guarantor including any defense based on or arising out of the lack of validity or the unenforceability
of the Guaranteed Obligations or any agreement or instrument relating thereto or by reason of the cessation of the liability of the Borrower
or any other Guarantor from any cause other than payment in full of the Guaranteed Obligations; (c) any defense based upon any statute
or rule of law which provides that the obligation of a surety must be neither larger in amount nor in other respects more burdensome than
that of the principal; (d) any defense based upon any Secured Party’s errors or omissions in the administration of the Guaranteed
Obligations, except behavior which amounts to bad faith; (e) (i) any principles or provisions of law, statutory or otherwise, which
are or might be in conflict with the terms hereof and any legal or equitable discharge of such Guarantor’s obligations hereunder,
(ii) the benefit of any statute of limitations affecting such Guarantor’s liability hereunder or the enforcement hereof, (iii) any
rights to set-offs, recoupments and counterclaims, and (iv) promptness, diligence and any requirement that any Secured Party protect,
secure, perfect or insure any security interest or lien or any property subject thereto; (f) notices, demands, presentments, protests,
notices of protest, notices of dishonor and notices of any action or inaction, including acceptance hereof, notices of default hereunder,
the Hedge Agreements or any agreement or instrument related thereto, notices of any renewal, extension or modification of the Guaranteed
Obligations or any agreement related thereto, notices of any extension of credit to the Borrower and notices of any of the matters referred
to in Section 13.4 and any right to consent to any thereof; and (g) any defenses or benefits that may be derived from
or afforded by law which limit the liability of or exonerate guarantors or sureties, or which may conflict with the terms hereof.

 

 

 

 

 

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13.6         
Guarantors’ Rights of Subrogation, Contribution, Etc. Until the Termination Date, each Guarantor hereby waives any
claim, right or remedy, direct or indirect, that such Guarantor now has or may hereafter have against the Borrower or any other Guarantor
or any of its assets in connection with this Guaranty or the performance by such Guarantor of its obligations hereunder (other than rights
of contribution such Guarantor may have against any other guarantor of the Guaranteed Obligations as contemplated by Section 13.2),
in each case whether such claim, right or remedy arises in equity, under contract, by statute, under common law or otherwise and including
(a) any right of subrogation, reimbursement or indemnification that such Guarantor now has or may hereafter have against the Borrower
with respect to the Guaranteed Obligations, (b) any right to enforce, or to participate in, any claim, right or remedy that any Secured
Party now has or may hereafter have against the Borrower, and (c) any benefit of, and any right to participate in, any collateral
or security now or hereafter held by any Secured Party. In addition, until the Termination Date, each Guarantor shall withhold exercise
of any right of contribution such Guarantor may have against any other guarantor (including any other Guarantor) of the Guaranteed Obligations,
including any such right of contribution as contemplated by Section 13.2. Each Guarantor further agrees that, to the extent
the waiver or agreement to withhold the exercise of its rights of subrogation, reimbursement, indemnification and contribution as set
forth herein is found by a court of competent jurisdiction to be void or voidable for any reason, any rights of subrogation, reimbursement
or indemnification such Guarantor may have against the Borrower or against any collateral or security, and any rights of contribution
such Guarantor may have against any such other guarantor, shall be junior and subordinate to any rights any Secured Party may have against
the Borrower, to all right, title and interest any Secured Party may have in any such collateral or security, and to any right any Secured
Party may have against such other guarantor. If any amount shall be paid to any Guarantor on account of any such subrogation, reimbursement,
indemnification or contribution rights at any time prior to the Termination Date, such amount shall be held in trust for the Administrative
Agent on behalf of Secured Parties and shall forthwith be paid over to the Administrative Agent for the benefit of Secured Parties to
be credited and applied against the Guaranteed Obligations, whether matured or unmatured, in accordance with the terms hereof.

 

13.7         
Subordination of Other Obligations. Any Indebtedness of the Borrower or any Guarantor now or hereafter held by any Guarantor
(the “Obligee Guarantor”) is hereby subordinated in right of payment to the Guaranteed Obligations, provided that any
such Indebtedness may be collected or received by the Obligee Guarantor at any time no Event of Default exists. Any such Indebtedness
collected or received by the Obligee Guarantor after an Event of Default has occurred and is continuing shall be held in trust for the
Administrative Agent on behalf of Secured Parties and shall forthwith be paid over to the Administrative Agent for the benefit of Secured
Parties to be credited and applied against the Guaranteed Obligations but without affecting, impairing or limiting in any manner the liability
of the Obligee Guarantor under any other provision hereof.

 

 

 

 

 

    	 	132	 

     

    

 

 

 

13.8         
Continuing Guaranty. This Guaranty is a continuing guaranty and shall remain in effect until the Termination Date. Upon
the occurrence of the Termination Date, this Guaranty shall automatically be discharged and released without any further action by any
Secured Party or any other Person effective as of the Termination Date. Each Guarantor hereby irrevocably waives any right to revoke this
Guaranty as to future transactions giving rise to any Guaranteed Obligations.

 

13.9         
Authority of Guarantors or the Borrower. It is not necessary for any Secured Party to inquire into the capacity or powers
of any Guarantor or the Borrower or the officers, directors or any agents acting or purporting to act on behalf of any of them.

 

13.10     
Financial Condition of the Borrower. Any Credit Extension may be made to the Borrower or continued from time to time, and
any Hedge Agreements may be entered into from time to time, in each case without notice to or authorization from any Guarantor regardless
of the financial or other condition of the Borrower at the time of any such grant or continuation or at the time such Hedge Agreement
is entered into, as the case may be. No Secured Party shall have any obligation to disclose or discuss with any Guarantor its assessment,
or any Guarantor’s assessment, of the financial condition of the Borrower. Each Guarantor has adequate means to obtain information
from the Borrower on a continuing basis concerning the financial condition of the Borrower and its ability to perform its obligations
under the Loan Documents and the Hedge Agreements, and each Guarantor assumes the responsibility for being and keeping informed of the
financial condition of the Borrower and of all circumstances bearing upon the risk of nonpayment of the Guaranteed Obligations. Each Guarantor
hereby waives and relinquishes any duty on the part of any Secured Party to disclose any matter, fact or thing relating to the business,
operations or conditions of the Borrower now known or hereafter known by any Secured Party.

 

13.11     
Bankruptcy, Etc.

 

(a)              
So long as any Guaranteed Obligations remain outstanding, no Guarantor shall, without the prior written consent of the Administrative
Agent acting pursuant to the instructions of Requisite Lenders, commence or join with any other Person in commencing any bankruptcy, reorganization
or insolvency case or proceeding of or against the Borrower or any other Guarantor. The obligations of Guarantors hereunder shall not
be reduced, limited, impaired, discharged, deferred, suspended or terminated by any case or proceeding, voluntary or involuntary, involving
the bankruptcy, insolvency, receivership, reorganization, liquidation or arrangement of the Borrower or any other Guarantor or by any
defense which the Borrower or any other Guarantor may have by reason of the order, decree or decision of any court or administrative body
resulting from any such proceeding.

 

(b)              
Each Guarantor acknowledges and agrees that any interest on any portion of the Guaranteed Obligations which accrues after the commencement
of any case or proceeding referred to in clause (a) above (or, if interest on any portion of the Guaranteed Obligations ceases to
accrue by operation of law by reason of the commencement of such case or proceeding, such interest as would have accrued on such portion
of the Guaranteed Obligations if such case or proceeding had not been commenced) shall be included in the Guaranteed Obligations because
it is the intention of Guarantors and Secured Parties that the Guaranteed Obligations which are guaranteed by Guarantors pursuant hereto
should be determined without regard to any rule of law or order which may relieve the Borrower of any portion of such Guaranteed Obligations.
Guarantors shall permit any trustee in bankruptcy, receiver, debtor in possession, assignee for the benefit of creditors or similar Person
to pay the Administrative Agent, or allow the claim of the Administrative Agent in respect of, any such interest accruing after the date
on which such case or proceeding is commenced.

 

 

 

 

 

    	 	133	 

     

    

 

 

 

(c)              
In the event that all or any portion of the Guaranteed Obligations are paid by the Borrower, the obligations of Guarantors hereunder
shall continue and remain in full force and effect or be reinstated, as the case may be, in the event that all or any part of such payment(s)
are rescinded or recovered directly or indirectly from any Secured Party as a preference, fraudulent transfer or otherwise, and any such
payments which are so rescinded or recovered shall constitute Guaranteed Obligations for all purposes hereunder.

 

13.12     
Discharge of Guaranty Upon Sale of Guarantor. If all of the Equity Interests of any Guarantor or any of its successors in
interest hereunder shall be sold or otherwise disposed of (including by merger or consolidation) in accordance with the terms and conditions
hereof, the Guaranty of such Guarantor or such successor in interest, as the case may be, hereunder shall automatically be discharged
and released without any further action by any Secured Party or any other Person effective as of the time of such sale or disposition.

 

13.13     
Keepwell. Each Qualified ECP Guarantor hereby jointly and severally absolutely, unconditionally and irrevocably undertakes
to provide such funds or other support as may be needed from time to time by each other Loan Party to honor all of its obligations under
this Guaranty in respect of Swap Obligations (provided, however, that each Qualified ECP Guarantor shall only be liable under this Section 13.13
for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this Section 13.13,
or otherwise under this Guaranty, as it relates to such Loan Party, voidable under applicable law relating to fraudulent conveyance or
fraudulent transfer, and not for any greater amount). The obligations of each Qualified ECP Guarantor under this Section shall remain
in full force and effect until a discharge of Guaranteed Obligations. Each Qualified ECP Guarantor intends that this Section 13.13
constitute, and this Section 13.13 shall be deemed to constitute, a “keepwell, support, or other agreement” for
the benefit of each other Loan Party for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.

 

 

 

[rest of page intentionally left blank; signature
pages follow]

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	134	 

     

    

 

IN WITNESS WHEREOF, this
Agreement has been duly executed as of the date first written above.

 

	 	RADNET, INC.
	 	 	 
	 	 	 
		By:	/s/ Howard G. Berger, M.D.                        

                                            Name: Howard G. Berger, M.D.

                                            Title: President

                                            

	 	 	 
	 	RADNET MANAGEMENT, INC.
	 	 
	 	 
		By:	/s/ Howard G. Berger, M.D.                        

                                            Name: Howard G. Berger, M.D.

                                            Title: President

                                            

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[Signature
Page to Second A&R First Lien Credit Agreement]

 

 

 

    	 	 	 

     

    

 

	 	ADVANCED IMAGING PARTNERS, INC.
	 	ADVANCED NA, LLC
	 	ADVANCED RADIOLOGY, LLC
	 	AMERICAN RADIOLOGY SERVICES LLC
	 	AMERICAN RADIOLOGY SERVICES OF DELAWARE, INC.
	 	BEVERLY RADIOLOGY MEDICAL GROUP, INC.
	 	COMMUNITY IMAGING PARTNERS, INC.
	 	DELAWARE IMAGING PARTNERS, INC.
	 	DIAGNOSTIC IMAGING SERVICES, INC.
	 	ERAD, INC.
	 	FRI II, INC.
	 	FRI, INC.
	 	HEALTHCARE RHODE ISLAND LLC
	 	IDE IMAGING PARTNERS, INC.
	 	IMAGE MEDICAL CORPORATION
	 	IMAGING ON CALL, LLC
	 	MID ROCKLAND IMAGING PARTNERS, INC.
	 	MISSION ADVANCED IMAGING CENTER, L.L.C.
	 	NEW JERSEY IMAGING PARTNERS, INC.
	 	PACIFIC IMAGING PARTNERS, INC.
	 	PARK WEST CIRCLE REALTY, LLC
	 	PRONET IMAGING MEDICAL GROUP, INC.
	 	QUESTAR IMAGING, INC.
	 	QUESTAR VICTORVILLE, INC.
	 	RADIOLOGIX, INC.
	 	RADIOLOGY ALLIANCE DELIVERY SYSTEM, LLC
	 	RADIOLOGY AND NUCLEAR MEDICINE IMAGING PARTNERS, INC.
	 	RADNET MANAGED IMAGING SERVICES, INC.
	 	RADNET MANAGEMENT I, INC.
	 	RADNET MANAGEMENT II, INC.
	 	RADNET SUB, INC.
	 	RADSITE, LLC
	 	RAVEN HOLDINGS U.S., INC.
	 	ROLLING OAKS IMAGING CORPORATION
	 	ROLLING OAKS RADIOLOGY, INC.
	 	SOCAL MR SITE MANAGEMENT, INC.
	 	TREASURE COAST IMAGING PARTNERS, INC.
	 	VALLEY IMAGING PARTNERS, INC.

 

		By:	/s/ Howard G. Berger, M.D.                        

                                            Name: Howard G. Berger, M.D.

                                            Title: Vice President of Diagnostic Imaging Services, Inc., as Co-President of Pronet Imaging
                                            Medical Group, Inc., and as President of each of the other above listed entities

                                            

 

[Signature
Page to Second A&R First Lien Credit Agreement]

 

 

 

    	 	 	 

     

    

 

	 	BEVERLY RADIOLOGY MEDICAL GROUP, III
	 	 	 
	 	By: Beverly Radiology Medical Group, Inc., its general partner
	 	 	 
		By:	/s/ Howard G. Berger, M.D.                        

Name: Howard G. Berger, M.D.

Title: President
	 	 	 
	 	By: Breastlink Medical Group, Inc., its general partner
	 	 	 
		By:	/s/ Howard G. Berger, M.D.                        

Name: Howard G. Berger, M.D.

Title: President
	 	 	 
	 	By: Pronet Imaging Medical Group, Inc., its general partner
	 	 	 
		By:	/s/ Howard G. Berger, M.D.                        

Name: Howard G. Berger, M.D.

Title: Co-President
	 	 	 
	 	 	 
	 	HEALTH DIAGNOSTICS OF NEW JERSEY, L.L.C.
	 	 	 
	 	By: New Jersey Imaging Partners, Inc., its sole member
	 	 	 
		By:	/s/ Howard G. Berger, M.D.                        

Name: Howard G. Berger, M.D.

Title: President
	 	 	 
	 	 	 
	 	RADAR MEDICAL SYSTEMS, L.L.C.
	 	 
	 	By: Image Medical Corporation, its manager
	 	 	 
		By:	/s/ Howard G. Berger, M.D.                        

Name: Howard G. Berger, M.D.

Title: President
	 	 	 
	 	 	 
	 	ARIZONA IMAGING SERVICES, LLC
	 	 
	 	By: RadNet Management, Inc., its sole member
	 	 	 
		By:	/s/ Howard G. Berger, M.D.                        

Name: Howard G. Berger, M.D.

Title: President

 

 

 

 

 

[Signature
Page to Second A&R First Lien Credit Agreement]

 

 

 

    	 	 	 

     

    

 

	 	
DEEPHEALTH, INC.
	 	 	 
	 	By:	/s/ A. Gregory
                           Sorensen                        

Name: A. Gregory Sorensen
Title: President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[Signature
Page to Second A&R First Lien Credit Agreement]

 

 

 

    	 	 	 

     

    

 

 

IN WITNESS WHEREOF, this
Agreement has been duly executed as of the date first written above.

 

 

	 	
ADMINISTRATIVE AGENT:
	 	 	 
	 	BARCLAYS BANK PLC, as the Administrative Agent
	 	 	 
	 	By:	/s/ Evan Moriarty                        

Name: Evan Moriarty
Title: Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[Signature
Page to Second A&R First Lien Credit Agreement]

 

 

 

 

    	 	 	 

     

    

  

	 	
LENDERS:
	 	 	 
	 	BARCLAYS BANK PLC, as an L/C Issuer, Lender, Revolving Lender and a Swingline Lender
	 	 	 
	 	By:	/s/ Evan Moriarty                        

Name: Evan Moriarty
Title: Vice President

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[Signature
Page to Second A&R First Lien Credit Agreement]

 

 

 

 

 

 

    	 	 	 

     

    

 

 

  

	 	
LENDERS:
	 	 	 
	 	TRUIST BANK, as an L/C Issuer and a Revolving Lender
	 	 	 
	 	By:	/s/ Anton
                           Brykalin                        

Name: Anton
                           Brykalin
Title: Director

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[Signature
Page to Second A&R First Lien Credit Agreement]

 

 

 

 

    	 	 	 

     

    

  

	 	LENDERS:
	 	 	 
	 	JPMORGAN CHASE BANK, N.A., as an L/C Issuer and a Revolving Lender
	 	 	 
	 	By:	/s/ Ling
                           Li                        

Name: Ling
                           Li
Title: Executive Director

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[Signature
Page to Second A&R First Lien Credit Agreement]

 

 

 

 

    	 	 	 

     

    

  

	 	LENDERS:
	 	 	 
	 	Capital One, National Association as an L/C Issuer and a Revolving Lender
	 	 	 
	 	By:	/s/ Matthew
                           Corrado                        

Name: Matthew
                           Corrado
Title: Duly Authorized Signatory

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[Signature
Page to Second A&R First Lien Credit Agreement]

 

 

 

 

    	 	 	 

     

    

  

	 	
ROYAL BANK OF CANADA, as an L/C Issuer and a Revolving Lender
	 	 	 
	 	By:	/s/ Diana
                           Lee                        

Name: Diana Lee
Title: Authorized Signatory

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[Signature
Page to Second A&R First Lien Credit Agreement]

 

 

 

 

    	 	 	 

     

    

  

	 	LENDERS:
	 	 	 
	 	THE TORONTO-DOMINION BANK, NEW YORK BRANCH, as an L/C Issuer and a Revolving Lender
	 	 	 
	 	By:	/s/ Michael
                           Borowiecki                        

Name:  Michael
                           Borowiecki
Title: Authorized Signatory

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

[Signature
Page to Second A&R First Lien Credit Agreement]

 

 

 

 

    	 	 	 

     

    

 

SCHEDULE 1.1 - DEFINITIONS

 

As used in the Agreement (as defined below), the
following terms shall have the following definitions (capitalized terms used but not defined herein shall have the meanings ascribed to
such terms elsewhere in the Agreement), and all section references in the following definitions shall refer to Sections of the Agreement:

 

“Account” shall mean any “account,”
as such term is defined in the Code, now owned or hereafter acquired by any Loan Party or any of its Restricted Subsidiaries and, in any
event, including (a) all accounts receivable, other receivables, book debts and other forms of obligations (other than forms of obligations
evidenced by Chattel Paper, Documents or Instruments) now owned or hereafter received or acquired by or belonging or owing to any Loan
Party or any of its Restricted Subsidiaries, whether arising out of goods sold or services rendered by it or from any other transaction
(including any such obligations which may be characterized as an account or contract right under the Code), (b) all of each Loan Party’s
and its Restricted Subsidiaries’ rights in, to and under all purchase orders or receipts now owned or hereafter acquired by it for
goods or services, (c) all of each Loan Party’s and its Restricted Subsidiaries’ rights to any goods represented by any of
the foregoing (including unpaid sellers’ rights of rescission, replevin, reclamation and stoppage in transit and rights to returned,
reclaimed or repossessed goods), (d) all monies due or to become due to any Loan Party or any of its Restricted Subsidiaries, under all
purchase orders and contracts for the sale of goods or the performance of services or both by such Loan Party or such Restricted Subsidiary
or in connection with any other transaction (whether or not yet earned by performance on the part of such Loan Party or such Restricted
Subsidiary) now or hereafter in existence, including the right to receive the proceeds of said purchase orders and contracts, (e) all
health-care insurance receivables and (f) all collateral security and guarantees of any kind, now or hereafter in existence, given by
any Person with respect to any of the foregoing.

 

“Accounting Changes” shall have
the meaning assigned to it in Section 1.2(c).

 

“Additional Lender” shall have
the meaning assigned to it in Section 2.1(d)(iii).

 

“Administrative Agent” shall
mean Barclays Bank PLC, as administrative agent for the Lenders and collateral agent for the Secured Parties, or such agent’s successor
appointed pursuant to Section 10.7.

 

“Administrative Agent’s Account”
shall mean the account of the Administrative Agent set forth on Schedule 12.10 or such other account designated by the Administrative
Agent from time to time in writing to Borrower and Lenders.

 

“Administrative Questionnaire”
shall mean an Administrative Questionnaire in form that may be supplied from time to time by Administrative Agent.

 

“Advance” shall have the meaning
assigned to it in Section 2.1(a)(i).

 

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

 

“Affected Lender” shall have
the meaning assigned to it in Section 10.9(f).

 

“Affiliate” shall mean, with
respect to any Person, (a) each Person that, directly or indirectly, owns or controls, whether beneficially, or as a trustee, guardian
or other fiduciary, ten percent (10%) or more of the Stock having ordinary voting power in the election of directors of such Persons and
(b) each Person that controls, is controlled by or is under common control with such Person. For the purposes of this definition, “control”
of a Person means the possession, directly or indirectly, of the power to direct or cause the direction of its management or policies,
whether through the ownership of voting securities, by contract or otherwise.

 

 

 

    	 	Schedule 1.1 - 2	 

     

    

 

“Agent” shall mean the Administrative
Agent.

 

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

 

“Aggregate Payments” has the
meaning set forth in Section 13.2.

 

“Agreement” shall mean this
Second Amended and Restated First Lien Credit and Guaranty Agreement, as amended, restated, amended and restated, supplemented and/or
otherwise modified from time to time.

 

“AHYDO Catch-Up Payment” means
any payment with respect to any obligations of Holdings or any Restricted Subsidiary, in each case, in the minimum amount necessary to
avoid the application of IRC Section 163(e)(5) thereto.

 

“All-In Yield” shall mean, as
to any Indebtedness, the yield thereof, whether in the form of interest rate, margin, original issue discount, upfront fees, a Eurodollar
Rate or Alternate Base Rate floor, or otherwise, in each case, incurred or payable by the Borrower generally to all the lenders of such
Indebtedness; provided that OID and upfront fees shall be equated to interest rate based upon an assumed 4-year average life to
maturity on a straight-line basis (e.g., 100 basis points of original issue discount equals 25 basis points of interest rate margin for
a four year average life to maturity); provided, further, that “All-In Yield” shall exclude any structuring, commitment,
underwriting, ticking and arranger fees, other similar fees and, if applicable, consent fees for an amendment (in each case regardless
of whether any such fees are paid to or shared in whole or in part with any lender) or other fees not paid generally to all lenders of
the applicable tranche in the primary syndication of such Indebtedness. “Alternate Base Rate” means, for any day, a
rate per annum equal to the highest of (a) the Federal Funds Rate in effect on such day plus 0.50%, (b) to the extent ascertainable, the
Eurodollar Rate (which rate shall be calculated based upon an Interest Period of one month and shall be determined on a daily basis based
on the rate determined on such day for such Interest Period at 11:00 a.m. (London time)) plus 1.00%, and (c) the Prime Rate; provided,
that the Alternate Base Rate shall at no time be less than zero percent (0%) per annum.

 

“Alternate Base Rate Loan” means
a Loan or portion thereof bearing interest by reference to the Alternate Base Rate.

 

“Anti-Corruption Laws” shall
mean all laws, rules, and regulations of any jurisdiction applicable to Holdings, the Borrower or any of its respective Subsidiaries from
time to time concerning or that prohibit bribery or corruption, including without limitation, the United States Foreign Corrupt Practices
Act of 1977, as amended, and other similar legislation in any other jurisdictions.

 

“Anti-Terrorism Laws” shall
mean any laws relating to terrorism or money laundering, including the Anti-Terrorism Order, the USA Patriot Act, the laws comprising
or implementing the Bank Secrecy Act, and the laws administered by OFAC.

 

“Anti-Terrorism Order” shall
mean Executive Order No. 13,224 as of September 24, 2001, Blocking Property and Prohibiting Transactions with Persons Who Commit, Threaten
to Commit or Support Terrorism, 66 U.S. Fed. Reg. 49,079 (2001), as amended.

 

“Appendices” shall have the
meaning assigned to it in the recitals to this Agreement.

 

 

 

    	 	Schedule 1.1 - 3	 

     

    

 

“Applicable Intercreditor Agreement”
shall mean (a) to the extent executed in connection with the incurrence of Indebtedness secured by Liens on the Collateral which rank
(or are intended to rank) equal in priority (but without regard to the control of remedies) to the Liens on the Collateral securing the
Obligations, a customary intercreditor agreement in form and substance reasonably acceptable to the Administrative Agent and/or the Collateral
Agent and the Borrower, which agreement shall provide that the Liens on the Collateral securing such Indebtedness and related obligations
shall rank equal in priority (but without regard to the control of remedies) to the Liens on the Collateral securing the Obligations and
(b) to the extent executed in connection with the incurrence of Indebtedness secured by Liens on the Collateral which rank (or are intended
to rank) junior to the Liens on the Collateral securing the Obligations, a customary intercreditor agreement in form and substance reasonably
acceptable to the Administrative Agent and/or the Collateral Agent and the Borrower, which agreement shall provide that the Liens on the
Collateral securing such Indebtedness shall rank junior to the Liens on the Collateral securing the Obligations.

 

“Applicable Margin” shall mean
a percentage per annum equal to:

 

(a)              
 with respect to the Initial Term Loans (i) initially, (A) for Eurodollar Loans, 3.25% per annum and (B) for Alternate Base
Rate Loans, 2.25% per annum, and (ii) following the delivery of financial statements to the Administrative Agent pursuant to Section
5.1(a) or 5.1(d), as applicable, for any fiscal quarter ending on or after March 31, 2021 together with a related Compliance
Certificate, reflecting a First Lien Net Leverage Ratio equal to or less than 3.50:1.00 for the Measurement Period then ending, (A) for
Eurodollar Loans, 3.00% per annum and (B) for Alternate Base Rate Loans, 2.00% per annum; provided, once the Applicable Margin
is decreased pursuant to this clause (ii) it shall not be increased as a result of a change in the First Lien Net Leverage Ratio;

 

(b)              
with respect to Revolving Loans, (i) until the delivery to the Administrative Agent of quarterly financial statements pursuant
to Section 5.1(a), along with a Compliance Certificate pursuant to Section 5.1(b), for the fiscal quarter ending March 31,
2021, (A) for Eurodollar Loans, 3.25% per annum and (B) for Alternate Base Rate Loans, 2.25% per annum and (ii) following the delivery
of such financial statements and Compliance Certificate, the percentage set forth below based on the First Lien Net Leverage Ratio for
the Measurement Period ending on the last day of each fiscal quarter as demonstrated in the financial statements delivered to the Administrative
Agent pursuant to Section 5.1(a) or 5.1(d), as applicable:

 

	First Lien Net Leverage Ratio	Eurodollar Loans	ABR Loans
	Greater than 3.50:1.00	3.25%	2.25%
	Less than or equal to 3.50:1.00 but greater than 3.00:1.00	3.00%	2.00%
	Less than or equal to 3.00:1.00	2.75%	1.75%

 

(c)              
in the case of Swing Line Loans, the applicable margin then in effect with respect to Revolving Loans that are Alternate Base Rate
Loans.

 

Any increase or decrease in the Applicable Margin
resulting from a change in First Lien Net Leverage Ratio shall become effective as of the first Business Day immediately following the
date a Compliance Certificate is delivered pursuant to Section 5.1(b); provided that, for the purposes of this definition,
in the event that any Compliance Certificate and the relevant financial statements are not delivered within the time periods required
by Section 5.1(a) or 5.1(b) or Section 5.1(d) (in each case, after giving effect to any grace period set forth herein),
as applicable, the First Lien Net Leverage Ratio shall be deemed to be greater than 3.50:1.00 for the period beginning on the first day
of the date then due until the date such certificate and the relevant financial statements are delivered demonstrating a change in First
Lien Net Leverage Ratio; provided further that in the event that any such Compliance Certificate delivered pursuant to Section
5.1(b) is, to the knowledge of Borrower, or is shown to be, inaccurate at any time prior to the Termination Date and any Revolving
Loan Commitments are outstanding hereunder when such inaccuracy is discovered and such inaccuracy, if corrected, would have led to a higher
Applicable Margin for any period (which may, for the avoidance of doubt, include multiple Fiscal Quarters) (an “Applicable Period”)
than the Applicable Margin applied for such Applicable 

 

 

 

 

    	 	Schedule 1.1 - 4	 

     

    

 

Period, then (i) the Borrower shall promptly (and
in no event later than ten (10) Business Days following such discovery) deliver to the Administrative Agent a correct Compliance
Certificate for such Applicable Period, (ii) the Applicable Margin shall be determined by reference to the corrected Compliance
Certificate and (iii) the Borrower shall pay to the Administrative Agent promptly upon demand (and in no event later than ten (10)
Business Days after demand) any additional interest owing as a result of such increased Applicable Margin for such Applicable
Period, which payment shall be promptly applied by the Administrative Agent in accordance with the terms hereof. Any additional
interest under this paragraph shall not be due and payable until such demand is made for such payment by the Administrative Agent
and accordingly, any nonpayment of such fees as result of any such demand not having been made shall not constitute a Default
(whether retroactively or otherwise), and none of such additional amounts shall be deemed overdue at any time on or prior to the
date that is ten (10) Business Days following such demand. Notwithstanding the foregoing, (v) the Applicable Margin in respect
of any Extended Revolving Loan Commitments or any Class of Extended Term Loans or Extended Revolving Loans made pursuant to any
Extended Revolving Loan Commitments shall be the applicable percentages per annum set forth in the relevant Extension Offer,
(w) the Applicable Margin in respect of any Incremental Revolving Loan Commitments or any Class of Incremental Term Loans or
Incremental Revolving Loans shall be the applicable percentages per annum set forth in the relevant Incremental Amendment, (x) the
Applicable Margin in respect of any Class of Refinancing Revolving Loan Commitments, any Class of Refinancing Revolving Loans or any
Class of Refinancing Term Loans shall be the applicable percentages per annum set forth in the relevant Refinancing Amendment and
(z) in the case of the Initial Term Loans, the Applicable Margin shall be increased as, and to the extent, necessary to comply
with the MFN Provision.

 

“Applicable Order of Purchase”
shall have the meaning assigned to such term in the definition of “Dutch Auction”.

 

“Approved Deposit Account” means
a Deposit Account maintained by any Loan Party that is the subject of an effective Deposit Account Control Agreement. “Approved
Deposit Account” includes all monies on deposit in a Deposit Account and all certificates and instruments, if any, representing
or evidencing such Deposit Account.

 

“Approved Fund” shall mean any
Fund that is administered, managed, advised or underwritten by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate
of an entity that administers or manages a Lender.

 

“Approved Securities Intermediary”
means a “securities intermediary” or “commodity intermediary” (as such terms are defined in the Code).

 

“Assignment and Acceptance Agreement”
shall mean an assignment and acceptance agreement entered into by a Lender and an assignee (with the consent of any party whose consent
is required by Section 10.1), in form and substance substantially similar to Exhibit 10.1 attached hereto or such other
form as shall be approved by Administrative Agent in its reasonable discretion.

 

“Auction” shall have the meaning
assigned to such term in the definition of “Dutch Auction”.

 

“Auction Amount” shall have
the meaning assigned to such term in the definition of “Dutch Auction”.

 

“Auction Expiration Time” shall
have the meaning assigned to such term in the definition “Dutch Auction”.

 

“Auction Notice” shall have
the meaning assigned to such term in the definition “Dutch Auction”.

 

“Auction Party” or “Auction
Parties” shall have the meaning assigned to such term in the definition of “Dutch Auction” or as specified in Section
2.3(f), as the context may require.

 

 

 

    	 	Schedule 1.1 - 5	 

     

    

 

“Available Amount” shall mean,
as of any date of determination, an amount (which shall not be less than zero), determined on a cumulative basis, equal to, without duplication:

 

(a)              
the greater of (x) $50,000,000 and (y) 30% of TTM Consolidated EBITDA (the “Available Amount Starter Basket”),
plus

 

(b)              
the Available Retained Excess Cash Flow Amount; plus

 

(c)              
[reserved]; plus

 

(d)              
the aggregate amount received by the Borrower and its Restricted Subsidiaries (i) in connection with any sale, transfer, lease
or other disposition of any Investment made using the Available Amount to any Person (other than to the Borrower or any Restricted Subsidiary)
up to the original amount of the Investment made using the Available Amount and (ii) constituting Returns on any Investment made using
the Available Amount up to the original amount of the Investment made using the Available Amount; plus

 

(e)              
the aggregate amount of any Declined Proceeds retained by the Borrower in accordance with Section 2.3(b); plus

 

(f)               
if the Borrower designates any Unrestricted Subsidiary as a Restricted Subsidiary after the Effective Date (which, for purposes
hereof, shall be deemed to also include (i) the merger, consolidation, liquidation or similar amalgamation of any Unrestricted Subsidiary
into Borrower or any Restricted Subsidiary, so long as Borrower or such Restricted Subsidiary is the surviving Person, and (ii) the transfer
of all or substantially all of the assets of an Unrestricted Subsidiary to Borrower or any Restricted Subsidiary), the fair market value
(as determined in good faith by the Borrower) of the Investment in such Unrestricted Subsidiary at the time of such redesignation so long
as such Investments were originally made using the Available Amount; minus

 

(g)              
the cumulative amount of Investments made pursuant to Section 7.2(aa) in reliance on the Available Amount, minus

 

(h)              
the cumulative amount of any Junior Debt Payments made pursuant to Section 7.13(vi) in reliance on the Available Amount;
minus

 

(i)                
the cumulative amount of any Restricted Payments made pursuant to Section 7.14(l) in reliance on the Available Amount.

 

“Available Amount Starter Basket”
shall have the meaning assigned to such term in the definition “Available Amount”.

 

“Available Retained Excess Cash Flow Amount”
shall mean, at any date of determination, the portion of Excess Cash Flow, determined on a cumulative basis for all Fiscal Years of the
Loan Parties and their Restricted Subsidiaries (commencing with the Fiscal Year ending December 31, 2022) that was not required to be
applied to prepay Term Loans pursuant to Section 2.3(b)(v).

 

“Available Tenor” means,
as of any date of determination and with respect to the then-current Benchmark, as applicable, any tenor for such Benchmark or 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 clause (d) of Section 1.6.

 

“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.

 

 

 

    	 	Schedule 1.1 - 6	 

     

    

 

“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).

 

“Bankruptcy Code” shall mean
Title 11 of the United States Code entitled “Bankruptcy”, as now and hereafter in effect, or any successor statute.

 

“Barclays” means Barclays Bank
PLC, in its individual capacity, and its successors.

 

“Benchmark” ” means, initially,
USD LIBOR; provided that if a replacement of the Benchmark has occurred pursuant to Section 1.6, then “Benchmark” means
the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate. Any reference
to “Benchmark” shall include, as applicable, the published component used in the calculation thereof.

 

“Benchmark Replacement” means,
for any Available Tenor:

 

(a) For purposes of Section 1.6(a),
the first alternative set forth below that can be determined by the Administrative Agent:

 

		(1)	the sum of: (i) Term SOFR and (ii) 0.11448% (11.448 basis points) for an Available Tenor of one-month’s duration, 0.26161% (26.161
basis points) for an Available Tenor of three-months’ duration, and 0.42826% (42.826 basis points) for an Available Tenor of six-months’
duration, or

 

		(2)	the sum of: (i) Daily Simple SOFR and (ii) the spread adjustment selected or recommended by the Relevant Governmental Body for the
replacement of the tenor of USD LIBOR with a SOFR-based rate having approximately the same length as the interest payment period specified
in clause (a) of Section 1.6; and

 

(b)       For
purposes of Section 1.6(b), the sum of (a) the alternate benchmark rate and (b) an adjustment (which may be a positive or negative
value or zero), in each case, that has been selected by the Administrative Agent and the Borrower as the replacement for such Available
Tenor of such Benchmark giving due consideration to any evolving or then-prevailing market convention, including any applicable recommendations
made by the Relevant Governmental Body, for U.S. dollar-denominated syndicated credit facilities at such time;

 

provided that, if the Benchmark Replacement
as determined pursuant to clause (a) or (b) above would be less than 0.00%, the Benchmark Replacement will be deemed to be the 0.00% for
the purposes of this Agreement and the other Loan Documents.

 

“Benchmark Replacement Conforming
Changes” means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including
changes to the definition of “Alternate 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 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).

 

 

 

    	 	Schedule 1.1 - 7	 

     

    

 

“Benchmark Transition Event”
means, with respect to any then-current Benchmark other than USD LIBOR, the occurrence of a public statement or publication of
information by or on behalf of the administrator of the then-current Benchmark, the regulatory supervisor for the administrator of such
Benchmark, the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, an insolvency official with jurisdiction
over the administrator for such Benchmark, a resolution authority with jurisdiction over the administrator for such Benchmark or a court
or an entity with similar insolvency or resolution authority over the administrator for such Benchmark, announcing or stating that (a)
such administrator has ceased or will cease on a specified date to provide all Available Tenors of such Benchmark, 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 (b) all Available Tenors of such Benchmark are or will no longer be representative of the underlying market
and economic reality that such Benchmark is intended to measure and that representativeness will not be restored.

 

“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.

 

“Beverly” means Beverly Radiology
Medical Group, III, a California general partnership.

 

“Beverly Radiology” means Beverly
Radiology Medical Group, Inc., a California corporation.

 

“Borrower” shall have the meaning
assigned to it in the recitals to this Agreement.

 

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

 

“Borrowing Availability” shall
have the meaning assigned to it in Section 2.1(a)(i).

 

“BRMG Management Agreement”
means that certain Amended and Restated Management and Service Agreement, dated as of January 1, 2004, by and among Borrower and
Beverly, as in effect on the Effective Date.

 

“Business Day” shall mean any
day that is not a Saturday, a Sunday or a day on which banks are required or permitted to be closed in the State of New York and in reference
to Eurodollar Loans means any such day that is also a Eurodollar Business Day.

 

“Capital Expenditures” shall
mean, with respect to any Person, all expenditures (by the expenditure of cash or the incurrence of Indebtedness) by such Person during
any measuring period that are required to be capitalized under GAAP.

 

“Capital Lease” shall mean,
with respect to any Person, any lease of any property (whether real, personal or mixed) by such Person as lessee that, in accordance with
GAAP, would be required to be classified and accounted for as a capital lease on a balance sheet of such Person (but without giving effect
to any amendments to ASC 840 that become effective after the Effective Date).

 

“Capital Lease Obligation” shall
mean, with respect to any Capital Lease of any Person, the amount of the obligation of the lessee thereunder that, in accordance with
GAAP, would appear on a balance sheet of such lessee in respect of such Capital Lease (but without giving effect to any amendments to
ASC 840 that become effective after the Effective Date).

 

“Cash Collateral Account” shall
have the meaning assigned to it in Section 2.2(c)(i).

 

 

 

    	 	Schedule 1.1 - 8	 

     

    

 

“Cash” means money, currency
or a credit balance in any demand or Deposit Account.

 

“Cash Equivalents” shall mean:

 

(a)              
Dollars, Canadian Dollar, Euro, British Pounds or any national currency of any member state of the European Union;

 

(b)              
securities issued or directly and fully guaranteed or insured by the United States or Canadian governments, a member state of the
European Union or, in each case, any agency or instrumentality of thereof (provided that the full faith and credit of such country
or such member state is pledged in support thereof), having maturities of not more than two years from the date of acquisition;

 

(c)              
certificates of deposit, time deposits, eurodollar time deposits, overnight bank deposits or bankers’ acceptances having
maturities of not more than one year from the date of acquisition thereof issued by (x) any Lender or Affiliate thereof or (y) by any
bank or trust company (i) whose commercial paper is rated at least “A-2” or the equivalent thereof by S&P or at least
“P-2” or the equivalent thereof by Moody’s (or if at the time neither is issuing comparable ratings, then a comparable
rating of another Nationally Recognized Statistical Rating Organization) or (ii) (in the event that the bank or trust company does not
have commercial paper which is rated) having combined capital and surplus in excess of $100,000,000;

 

(d)              
repurchase obligations for underlying securities of the types described in clauses (b) and (c) entered into with any Person referenced
in clause (c) above;

 

(e)              
securities with maturities of one year or less from the date of acquisition backed by standby letters of credit issued by any Person
referenced in clause (c);

 

(f)               
commercial paper rated at the time of acquisition thereof at least “A-2” or the equivalent thereof by S&P or “P-2”
or the equivalent thereof by Moody’s or carrying an equivalent rating by a Nationally Recognized Statistical Rating Organization,
if both of the two named rating agencies cease publishing ratings of investments or, if no rating is available in respect of the commercial
paper, the issuer of which has an equivalent rating in respect of its long-term debt, and in any case maturing within one year after the
date of acquisition thereof;

 

(g)              
readily marketable direct obligations issued by any state, commonwealth or territory of the United States of America, any province
of Canada, any member of the European Union, any other foreign government or any political subdivision or taxing authority thereof, in
each case, having one of the two highest rating categories obtainable from either Moody’s or S&P (or, if at the time, neither
is issuing comparable ratings, then a comparable rating of another Nationally Recognized Statistical Rating Organization) with maturities
of not more than two years from the date of acquisition;

 

(h)              
Indebtedness or preferred stock issued by Persons with a rating of “A-” or higher from S&P or “A3”
or higher from Moody’s (or, if at the time, neither is issuing comparable ratings, then a comparable rating of another Nationally
Recognized Statistical Rating Organization) with maturities of 12 months or less from the date of acquisition;

 

(i)                
bills of exchange issued in the United States, Canada, a member state of the European Union or Japan eligible for rediscount at
the relevant central bank and accepted by a bank (or any dematerialized equivalent);

 

(j)                
interests in any investment company, money market or enhanced high yield fund which invests at least 90% of its assets in instruments
of the type specified in clauses (a) through (i) above;

 

(k)              
instruments and investments of the type and maturity described in clause (a) through (j) denominated in any foreign currency or
of foreign obligors, which investments or obligors are, in the reasonable judgment of the Borrower, comparable in investment quality to
those referred to above; and

 

 

 

    	 	Schedule 1.1 - 9	 

     

    

 

(l)                
solely with respect to any Restricted Subsidiary that is a Foreign Subsidiary, investments of comparable tenor and credit quality
to those described in the foregoing clauses (b) through (k) customarily utilized in countries in which such Foreign Subsidiary operates
for short term cash management purposes.

 

Notwithstanding the foregoing, Cash Equivalents shall include amounts
denominated in currencies other than set forth in clause (a) above; provided that such amounts are converted into currencies listed
in clause (a) within ten (10) Business Days following the receipt of such amounts.

 

“Cash Management Agreement”
shall mean any agreement to provide cash management services, including treasury, depository, overdraft, credit or debit card, purchasing
card, electronic funds transfer and other cash management arrangements.

 

““CFC” shall mean a “controlled
foreign corporation” within the meaning of IRC Section 957 of the Code any shares of which are treated as owned directly or indirectly
by a United States Shareholder (within the meaning of Section 951(b) of the Code) as measured for purposes of Section 958(a) of the Code.

 

“Change in Law” means (a) the
adoption of any rule, regulation, treaty or other law after the date of this Agreement, (b) any change in any rule, regulation, treaty
or other law or in the administration, interpretation or application thereof by any Governmental Authority after the date of this Agreement
or (c) the making or issuance of any request, guideline or directive (whether or not having the force of law) of any Governmental
Authority made or issued after the date of this Agreement; provided that, notwithstanding anything herein to the contrary, (i) the
Dodd-Frank Wall Street Reform and Consumer Protection Act and any requests, rules, guidelines or directives thereunder or issued in connection
therewith and (ii) any requests, rules, guidelines or directives promulgated by the Bank of International Settlements, the Basel
Committee on Banking Supervision (or any successor or similar authority) or United States or foreign regulatory authorities, in each case
pursuant to Basel III, shall in each case be deemed to be a “Change in Law,” regardless of the date enacted, adopted, promulgated
or issued.

 

“Change in Tax Law” shall mean
the occurrence, after the date of this Agreement, of any of the following: (a) the adoption or taking effect of any law, rule, regulation
or treaty by a taxing authority, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation
or application thereof by any taxing authority or (c) the making or issuance of any request, rule, guideline or directive (whether or
not having the force of law) by any taxing authority.

 

“Change of Control” shall mean,
(i) any Person or “group” (within the meaning of Rules 13d-3 and 13d-5 under the Exchange Act) other than the
Permitted Holders (a) shall have acquired beneficial ownership or control of 40.0% or more on a fully diluted basis of the voting
and/or economic interest in the Stock of Holdings or (b) shall have obtained the power (whether or not exercised) to elect a majority
of the members of the board of directors (or similar governing body) of Holdings; (ii) Holdings shall cease to beneficially own and
control, free and clear of all Liens (other than Liens in favor of the Collateral Agent for the benefit of Secured Parties), 100.0% on
a fully diluted basis of the economic and voting interest in the Stock of the Borrower; (iii) in any twelve (12) month period, the
majority of the seats (other than vacant seats) on the board of directors (or similar governing body) of Holdings cease to be occupied
by Persons who either (a) were members of the board of directors of Holdings on the Effective Date or (b) were nominated for election
by the board of directors of Holdings, a majority of whom were directors on the Effective Date or whose election or nomination for election
was previously approved by a majority of such directors; or (iv) any “change of control” (or similar event, however denominated)
shall occur under and as defined in any indenture or agreement in respect of Material Indebtedness, to which Holdings or any of its Subsidiaries
is a party.

 

“Chattel Paper” shall mean any
“chattel paper,” as such term is defined in the Code, now owned or hereafter acquired by any Loan Party or any of its Restricted
Subsidiaries, wherever located.

 

 

 

    	 	Schedule 1.1 - 10	 

     

    

 

“Class” when used in reference
to (a) any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are Term Loans, Incremental Term Loans,
Swingline Loans, Other Term Loans, Extended Term Loans, Revolving Loans, Other Revolving Loans or Extended Revolving Loans, (b) any Commitment,
refers to whether such Commitment is a Term Loan Commitment, Other Term Loan Commitment (and, in the case of an Other Term Loan Commitment,
the Class of Term Loans to which such commitment relates), a commitment in respect of Incremental Term Loans or Extended Term Loans, a
Revolving Loan Commitment, an Incremental Revolving Loan Commitment or an Extended Revolving Loan Commitment and (c) any Lender, refers
to whether such Lender has a Loan or Commitment with respect to a particular Class of Loans or Commitments. Other Term Loan Commitments,
Other Term Loans, Incremental Term Loans, Extended Term Loans, Other Revolving Loans, Extended Revolving Loan Commitments and Extended
Revolving Loans that have different terms and conditions shall be construed to be in different Classes.

 

“Code” shall mean the Uniform
Commercial Code as the same may, from time to time, be enacted and in effect in the State of New York; provided, however,
in the event that, by reason of mandatory provisions of Law, any or all of the attachment, perfection or priority of Administrative Agent’s
security interest in any Collateral is governed by the Uniform Commercial Code as enacted and in effect in a jurisdiction other than the
State of New York, the term “Code” means the Uniform Commercial Code as enacted and in effect in such other jurisdiction solely
for purposes of the provisions hereof relating to such attachment, perfection or priority and for purposes of definitions related to such
provisions.

 

“Collateral” means, collectively,
all of the real, personal and mixed property (including Equity Interests) in which Liens are purported to be granted pursuant to the Security
Documents as security for the Obligations.

 

“Commitment Fee Rate” shall
mean a rate equal to 0.50% per annum.

 

“Commitment Termination Date”
shall mean the earliest of (a) April 23, 2026, (b) the date of termination of Revolving Lenders’ obligations to make Advances or
permit existing Advances to remain outstanding pursuant to Section 9.2, and (c) the date of prepayment in full in cash by Borrower
of the Advances, and the permanent reduction of the Revolving Loan Commitment to zero Dollars ($0), in accordance with the provisions
of Section 2.3(a).

 

“Commitments” shall mean (a)
as to any Lender, the aggregate of such Lender’s Revolving Loan Commitment and Term Loan Commitment as set forth on Annex A
hereto or in the most recent Assignment and Acceptance Agreement to which it is a party (as adjusted to reflect any assignments as permitted
hereunder) and (b) as to all Lenders, the aggregate of all Lenders’ Revolving Loan Commitments and Term Loan Commitments which aggregate
commitment shall be $920,000,000 on the Effective Date, as such amount may be adjusted, if at all, from time to time in accordance
with this Agreement. For the avoidance of doubt, Commitments shall include Incremental Term Loan Commitments and Incremental Revolving
Loan Commitments to the extent provided in accordance with Section 2.1(d).

 

“Commodities Account” has the
meaning set forth in the Code.

 

“Commodity Exchange Act” means
the Commodity Exchange Act (7 U.S.C. § 1 et seq.).

 

“Compliance Certificate” shall
have the meaning assigned to it in Section 5.1(b).

 

“Compliance Date” means the
date on which the Financial Statements for a Fiscal Quarter are required to be delivered pursuant to Section 5.1(a) (commencing
with the first full Fiscal Quarter to commence after the Effective Date), if (and only if) the aggregate Revolving Exposure (excluding
(i) cash collateralized or backstopped Letters of Credit and (ii) undrawn Letters of Credit in an aggregate amount, in the case of clause
(ii) not to exceed $7,500,000) as of the last day of such Fiscal Quarter is greater than 30% of the aggregate Revolving Loan Commitments
(calculated after giving Pro Forma Effect to the establishment of any Incremental Revolving Loan Commitments).

 

 

 

    	 	Schedule 1.1 - 11	 

     

    

 

“Condemnation Event” shall mean
any actual condemnation, seizure or taking, by exercise of the power of eminent domain or otherwise, of any property or assets of a Person,
or confiscation of such property or assets or the requisition of the use of such property or assets.

 

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

 

“Consolidated Adjusted EBITDA”
means, for any period, an amount determined for Holdings and its Restricted Subsidiaries and Consolidated Joint Ventures on a consolidated
basis equal to (i) Consolidated Net Income, plus, to the extent reducing Consolidated Net Income, the sum, without duplication, of amounts
for (a) consolidated interest expense, (b) provisions for taxes based on income, (c) total depreciation expense, (d) total amortization
expense, (e) specified operating lease expenses to the extent that a specific operating lease has been terminated and converted to a capital
lease or purchased for cash prior to the end of the term thereof (and during such measurement period), (f) pro forma cost savings relating
to any Permitted Acquisition that are expected to be realized within 12 months of such Permitted Acquisition in an amount not to exceed
15% of Consolidated Adjusted EBITDA (prior to giving effect to this clause (f) for such period) (excluding amounts of pro forma cost savings
as would be permitted or required by Article 11 of Regulation S-X promulgated under the Securities Act, as amended, and as interpreted
by the staff of the SEC (“Regulation S-X”)), (g) the amount of cost savings and other operating improvements and synergies
projected by the Borrower in good faith to be realized as a result of actions taken or anticipated to be taken within the four fiscal
quarter period following the last date in such period (calculated on a pro forma basis as though such cost savings and other operational
improvements and synergies had been realized on the first date of such period) in an amount not to exceed $15,000,000 in such period,
(h) other non-Cash charges reducing Consolidated Net Income, including non-Cash stock compensation expenses (excluding any such non-Cash
charge to the extent that it represents an accrual or reserve for potential Cash charge in any future period or amortization of a prepaid
Cash charge that was paid in a prior period), (i) Transaction Costs, (j) non-recurring employee severance expenses not to exceed $5,000,000
during any twelve-month period, and (k) non-recurring, non-operational expenses, including settlements of legal proceedings (net of any
non-recurring, non-operational income), reflected on the consolidated statements of operations of RadNet, Inc. and its Restricted Subsidiaries
and Consolidated Joint Ventures (including expenses under the heading “Other Expenses (Income”) not to exceed $10,000,000
during any twelve-month period), minus (ii) other non-Cash gains increasing Consolidated Net Income for such period (excluding any such
non-Cash gain to the extent it represents the reversal of an accrual or reserve for potential Cash gain in any prior period); provided,
that for the avoidance of doubt, regardless of whether any prepayment pursuant to Section 2.3(f) is deemed to result in a non-cash
gain, no such gain shall increase Consolidated Adjusted EBITDA.

 

With respect to any period
during which a Permitted Acquisition has occurred or a disposition of all or any part of a business unit of any Loan Party or any Restricted
Subsidiary has occurred (each, a “Subject Transaction”), for purposes of determining compliance with the financial
covenants set forth in Section 7.10, Consolidated Adjusted EBITDA shall be calculated with respect to such period on a pro forma
basis (including pro forma adjustments arising out of events which are directly attributable to a specific transaction, are factually
supportable and are expected to have a continuing impact, in each case determined on a basis consistent with Regulation S-X, which would
include cost savings resulting from head count reduction, closure of facilities and similar restructuring charges, which pro forma adjustments
shall be certified by the chief financial officer of Holdings) using the historical financial statements, audited or as otherwise reasonably
acceptable to the Administrative Agent, of any business so acquired or to be acquired or sold or to be sold and the consolidated financial
statements of Holdings and its Restricted Subsidiaries and Consolidated Joint Ventures which shall be reformulated as if such Subject
Transaction, had been consummated or incurred or repaid at the beginning of such period.

 

 

 

    	 	Schedule 1.1 - 12	 

     

    

 

“Consolidated Capital Expenditures”
means, for any period, the aggregate of all expenditures of Holdings and its Restricted Subsidiaries and Consolidated Joint Ventures during
such period (by the expenditure of cash or (without duplication), the incurrence of Indebtedness), determined on a consolidated basis,
for any fixed asset or improvements or for replacements, substitutions or additions thereto that, in accordance with GAAP, are required
to be capitalized; provided, that Consolidated Capital Expenditures shall not include any expenditures (i) for replacements and
substitutions for fixed assets, capital assets or equipment to the extent made with Net Cash Proceeds invested pursuant to Section
2.3(b) or (ii) which constitute a Permitted Acquisition permitted under Section 7.2.

 

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

 

“Consolidated Current
Liabilities” means, as at any date of determination, the total liabilities of a Person and its Restricted Subsidiaries on a
consolidated basis that may properly be classified as current liabilities in conformity with GAAP, excluding the current portion of long
term debt.

 

“Consolidated Joint
Venture” means any Joint Venture that is accounted for on the balance sheet of Holdings and its Restricted Subsidiaries on a
consolidated basis in accordance with GAAP.

 

“Consolidated Joint
Venture Debt” means, as of any date of determination, the aggregate amount of Indebtedness of Consolidated Joint Ventures, which
amount shall be calculated as follows and be equal to (it being understood that such calculation shall correspond to the direct or indirect
fractional ownership interest held by Holdings and/or any of its Restricted Subsidiaries in each such Consolidated Joint Venture): (i)
the sum of (a) all the aggregate stated balance sheet amount of all Indebtedness of each Consolidated Joint Venture and its Subsidiaries
(or, if higher, the par value or stated face amount of all such Indebtedness (other than zero coupon Indebtedness)), determined on a consolidated
basis in accordance with GAAP minus (b) the aggregate amount of Cash or Cash Equivalents included in the consolidated balance sheet of
each such Consolidated Joint Venture and its Subsidiaries determined on a consolidated basis in accordance with GAAP and which are not
(x) subject to any Lien (other than Liens in favor of the Collateral Agent) or (y) noted as “restricted” on such consolidated
balance sheet, multiplied by (ii) the aggregate percentage of Equity Interests owned, directly or indirectly, by Holdings and/or any of
its Subsidiaries in each such Consolidated Joint Venture. For the avoidance of doubt, Consolidated Joint Venture Debt shall not, in any
event, include any Indebtedness of any Unconsolidated Joint Venture.

 

“Consolidated Net
Income” means, for any period, in all cases, without duplication, the net income (or loss) of Holdings and its Restricted Subsidiaries
and its Consolidated Joint Ventures on a consolidated basis for such period taken as a single accounting period determined in conformity
with GAAP, provided, however, (i) equity in earnings of Unconsolidated Joint Ventures shall only be included up to an amount that does
not to exceed the sum of (A) in any twelve-month period, $40,000,000, plus (B) the amount of dividends or other distributions actually
paid to Holdings or any of its Restricted Subsidiaries or a Consolidated Joint Venture by such Person during such period, (ii) to the
extent included in the calculation of net income (or loss) of Holdings and its Restricted Subsidiaries and its Consolidated Joint Ventures
for such period, any after-tax gains or losses attributable to dispositions of assets or returned surplus assets of any Pension Plan shall
be excluded, and (iii) to the extent included in the calculation of net income (or loss) of Holdings and its Restricted Subsidiaries and
its Consolidated Joint Ventures for such period, any net extraordinary gains or net extraordinary losses shall be excluded. For the avoidance
of doubt, Consolidated Net Income shall include a deduction for net income attributable to non-controlling interests in Consolidated Joint
Ventures.

 

 

 

    	 	Schedule 1.1 - 13	 

     

    

 

“Consolidated Total
Indebtedness” means, as of any date of determination, the sum of (i)(a) the aggregate stated balance sheet amount of all Indebtedness
of Holdings and its Restricted Subsidiaries (or, if higher, the par value or stated face amount of all such Indebtedness (other than zero
coupon Indebtedness)), determined on a consolidated basis in accordance with GAAP (but, for the avoidance of doubt, excluding all Indebtedness
of any Consolidated Joint Venture and any Unconsolidated Joint Venture) minus (b) the aggregate amount of Cash or Cash Equivalents
included in the consolidated balance sheet of Holdings and its Restricted Subsidiaries and which are not (x) subject to any Lien (other
than (i) Liens in favor of the Collateral Agent, or (ii) Liens described in clause (o) of Permitted Encumbrances) or (y) noted as “restricted”
on such consolidated balance sheet, plus (ii) Consolidated Joint Venture Debt.

 

“Consolidated Total
Secured Indebtedness” means, as of any date of determination, the sum of (a) the aggregate stated balance sheet amount of all
Indebtedness of Holdings and its Restricted Subsidiaries (or, if higher, the par value or stated face amount of all such Indebtedness
(other than zero coupon Indebtedness)), determined on a consolidated basis in accordance with GAAP (but, for the avoidance of doubt, excluding
all Indebtedness of any Consolidated Joint Venture and any Unconsolidated Joint Venture) which is secured by a Lien on the assets of Holdings
or any Subsidiary thereof (calculated, without duplication, net of the aggregate amount of Cash or Cash Equivalents included in the consolidated
balance sheet of Holdings and its Restricted Subsidiaries and which are not (i) subject to any Lien (other than (i) Liens in favor of
the Collateral Agent, or (ii) Liens described in clause (o) of Permitted Encumbrances) or (ii) noted as "restricted" on such
consolidated balance sheet), plus (b) Consolidated Joint Venture Debt which is secured by a Lien on the assets of Holdings or any
Subsidiary thereof.

 

“Consolidated Working
Capital” means, as at any date of determination, the excess of Consolidated Current Assets of Holdings and its Restricted Subsidiaries
and the Consolidated Joint Ventures over Consolidated Current Liabilities of Holdings and its Restricted Subsidiaries and the Consolidated
Joint Ventures.

 

“Consolidated Working
Capital Adjustment” means, for any period on a consolidated basis, the amount (which may be a negative number) by which Consolidated
Working Capital as of the beginning of such period exceeds (or is less than) Consolidated Working Capital as of the end of such period.
In calculating the Consolidated Working Capital Adjustment there shall be excluded the effect of reclassification during such period of
current assets to long term assets and current liabilities to long term liabilities and the effect of any Permitted Acquisition during
such period; provided, that there shall be included with respect to any Permitted Acquisition during such period an amount (which
may be a negative number) by which the Consolidated Working Capital acquired in such Permitted Acquisition as at the time of such acquisition
exceeds (or is less than) Consolidated Working Capital at the end of such period.

 

“Contracts” shall mean all “contracts,”
as such term is defined in the Code, now owned or hereafter acquired by any Loan Party or any of its Restricted Subsidiaries, in any event,
including all contracts, undertakings, or agreements (other than rights evidenced by Chattel Paper, Documents or Instruments) in or under
which any Loan Party or any Restricted Subsidiary of a Loan Party may now or hereafter have any right, title or interest, including any
agreement relating to the terms of payment or the terms of performance of any Account.

 

“Contractual Obligation” means, as
applied to any Person, any provision of any Equity Interest issued by that Person or of any indenture, mortgage, deed of trust, contract,
undertaking, agreement or other instrument to which that Person is a party or by which it or any of its properties is bound or to which
it or any of its properties is subject.

 

“Contributing Guarantors” has
the meaning set forth in Section 13.2.

 

“Control Account” means a Securities
Account or Commodities Account that is the subject of an effective Securities Account Control Agreement and that is maintained by any
Loan Party with an Approved Securities Intermediary. “Control Account” includes all Financial Assets held in a Securities
Account or a Commodities Account and all certificates and instruments, if any, representing or evidencing the Financial Assets contained
therein.

 

 

 

    	 	Schedule 1.1 - 14	 

     

    

 

“Credit Agreement Refinancing Indebtedness”
shall mean Refinancing Facilities and Refinancing Notes, in each case, incurred, issued or otherwise obtained in exchange for, or to refinance,
in whole or part, Indebtedness outstanding under the Loan Documents (“Refinanced Debt”); provided, that (i)
such Credit Agreement Refinancing Indebtedness is in an original aggregate principal amount not greater than (A) the aggregate principal
amount of the Refinanced Debt, plus (B) any accrued and unpaid interest, fees (including, without limitation, upfront fees, original
issue discount and initial yield payments), premiums, defeasance costs, underwriting discounts and other reasonable amounts and expenses
paid in connection with the incurrence of such Credit Agreement Refinancing Indebtedness, plus (C) such additional amounts (including
any undrawn revolving commitments) otherwise permitted to be incurred under the Loan Documents (with a corresponding reduction in the
amount of any basket or carve-out (to the extent capped) used pursuant to this clause (C)), (ii) such Indebtedness does not mature prior
to the latest maturity date of the Facilities at the time such Indebtedness is incurred (or, in the case of Refinancing Facilities in
respect of the Revolving Loan Commitments, such Indebtedness does not mature prior to the latest maturity date of the Revolving Loan Commitments
at the time such Indebtedness is incurred), (iii) such Indebtedness does not have a weighted average life to maturity equal to or less
than that of the Refinanced Debt (without giving any effect to any prepayments thereof) at the time such Indebtedness is incurred, (iv)
the proceeds of such Credit Agreement Refinancing Indebtedness shall be applied, substantially concurrently with the incurrence thereof,
to the pro rata prepayment of the Refinanced Debt, (v) such Credit Agreement Refinancing Indebtedness, to the extent secured, shall
not be secured by any Lien on any assets of the Borrower or any Guarantor that does not also secure the Refinanced Debt, (vi) such Credit
Agreement Refinancing Indebtedness shall be incurred by the Borrower and shall not be guaranteed by any entity that is not a Guarantor,
(vii) [reserved], (viii) such Credit Agreement Refinancing Indebtedness will have terms and conditions (other than (A) pricing, fees and
optional prepayment or redemption provisions and (B) covenants and other provisions applicable only to the periods after the latest maturity
date of the Facilities at the time such Indebtedness is incurred) that are, taken as a whole, not materially more favorable to the lenders
or investors providing such Credit Agreement Refinancing Indebtedness than the terms of the Refinanced Debt, taken as a whole, as reasonably
determined by the Borrower, unless such terms and conditions constitute then-current market terms for the applicable type of Credit Agreement
Refinancing Indebtedness or are otherwise reasonably acceptable to the Administrative Agent, (ix)(A) Refinanced Debt secured on a pari
passu basis may only be refinanced by pari passu, junior lien, unsecured or subordinated Credit Agreement Refinancing Indebtedness,
(B) Refinanced Debt secured on a junior lien basis may only be refinanced by junior lien, unsecured or subordinated Credit Agreement Refinancing
Indebtedness, (C) unsecured Refinanced Debt may only be refinanced by unsecured or subordinated Credit Agreement Refinancing Indebtedness
and (D) subordinated Refinanced Debt may only be refinanced by subordinated Credit Agreement Refinancing Indebtedness and (x) any secured
Refinancing Notes shall be subject to customary intercreditor arrangements reasonably satisfactory to the Administrative Agent, including
by entry an Applicable Intercreditor Agreement.

 

“Daily Simple SOFR” means,
for any day, SOFR, with the conventions for this rate (which will include a lookback) being established by the 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 the Administrative Agent, then the Administrative Agent may establish another convention in its reasonable discretion.

 

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

 

“Declined Proceeds” shall have
the meaning assigned to it in Section 2.3(b)(vi).

 

“Default” shall mean any event
which, with the passage of time or notice or both, would, unless cured or waived, become an Event of Default.

 

“Default Rate” shall have the
meaning assigned to it in Section 2.5(d).

 

 

 

    	 	Schedule 1.1 - 15	 

     

    

 

“Defaulting Lender” shall mean
any Lender (a) that has failed (unless such Lender notifies the Administrative Agent and the Borrower in writing that such failure is
the result of such Lender’s good faith determination that one or more conditions precedent to funding (each of which conditions
precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied) to fund any
portion of its Loans or participations in Letters of Credit, or has otherwise failed to make any loans or other payments required to be
made by it under this Agreement or the other Loan Documents within two (2) Business Days after any such amounts are required to be funded
or paid by it under this Agreement or the other Loan Documents (provided that such Lender shall cease to be a Defaulting Lender
with respect to this clause (a) upon satisfaction in full of all outstanding funding and payment obligations of such Lender under this
Agreement and the other Loan Documents), (b) that has given oral or written notice to Borrower, Administrative Agent or any Lender or
has otherwise publicly announced that such Lender believes it will, or intends to, fail to fund any portion of its Loans or participations
in any Letters of Credit or Swingline Loans or fail to fund or make any loans or other payments required to be made by it under this Agreement
and the other Loan Documents or under any other committed loan facility (provided that such Lender shall cease to be a Defaulting
Lender with respect to this clause (b) upon delivery to Administrative Agent of a written rescission of such notice or announcement),
or (c) with respect to which one or more Lender-Related Distress Events has occurred with respect to such Person or any Person that directly
or indirectly controls such Lender and Administrative Agent has determined that such Lender may become a Defaulting Lender. For purposes
of this definition, control of a Person shall have the same meaning as in the second sentence of the definition of Affiliate. Any determination
by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (c) above shall be conclusive
and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender upon delivery of written notice of such determination
to the Borrower, each L/C Issuer, each Swingline Lender and each Lender.

 

“Deposit Account” means a demand,
time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account
evidenced by a negotiable certificate of deposit.

 

“Deposit Account Control Agreement”
has the meaning set forth in the Pledge and Security Agreement.

 

“Designated Guarantor” shall
have the meaning assigned to such term in the definition of “Guarantors”.

 

“Discount Range” has the meaning
assigned to such term in the definition of “Dutch Auction”.

 

“Disqualified Stock” shall mean
any Stock which, by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable), or upon
the happening of any event (other than a change of control or sale of all or substantially all of the assets of a Person), (a) (i) matures
(excluding any maturity as the result of an optional redemption by the issuer thereof) or is mandatorily redeemable pursuant to a sinking
fund obligation or otherwise, (ii) is redeemable at the option of the holder thereof, in whole or in part, or (iii) requires the payment
of any cash dividend or any other scheduled cash payment constituting a return of capital (other than for taxes attributable to the operations
of the business), in the case of each of clauses (i) through (iii), on or prior to the date that is ninety-one (91) days following the
latest of the Commitment Termination Date and the Term Loan Maturity Date and except to the extent (A) that payment thereof may be made
solely with Stock that is not itself Disqualified Stock or (B) in the case of clauses (i) and (ii), if as a result of a change of control
or asset sale, so long as any rights of the holders thereof upon the occurrence of such a change of control or asset sale event are subject
to the prior payment in full of all Obligations or (b) is convertible into or exchangeable for (i) debt securities or (ii) any Stock referred
to in clause (a) above, in each case, at any time on or prior to the date that ninety-one (91) days following the latest of the Commitment
Termination Date and the Term Loan Maturity Date; provided that any Stock issued pursuant to a plan for the benefit of future,
current or former employees, directors, or officers of Holdings, the Borrower or the Restricted Subsidiaries or Consolidated Joint Ventures
or by any such plan to such employees, directors or officers, such Stock shall not constitute Disqualified Stock solely because they may
be required to be repurchased by Holdings, the Borrower or the Restricted Subsidiaries or Consolidated Joint Venture in order to satisfy
applicable statutory or regulatory obligations or as a result of such employee’s, director’s or officer’s termination,
death or disability.

 

 

 

    	 	Schedule 1.1 - 16	 

     

    

 

“Documents” shall mean any “documents,”
as such term is defined in the Code, now owned or hereafter acquired by any Loan Party or any of its Restricted Subsidiaries, wherever
located.

 

“Dollars” or “$”shall
mean lawful currency of the United States of America.

 

“Domestic Subsidiary” means,
with respect to any Person, a Restricted Subsidiary of such Person, which Restricted Subsidiary is incorporated or otherwise organized
under the Laws of the United States of America, any state thereof or the District of Columbia.

 

“Dutch Auction” means an auction
(an “Auction”) conducted by Holdings or one or more of its Subsidiaries (in such capacity, as applicable, the “Auction
Party”) in their sole discretion in order to purchase Term Loans in accordance with the following procedures:

 

(a)              
Notice Procedures. In connection with an Auction, the Auction Party will provide notification to the auction manager (for
distribution to the Term Loan Lenders of the relevant Class of Term Loans that are the subject of the Auction (the “Eligible
Auction Lenders”) and the Administrative Agent) of the Class and principal amount of Term Loans that will be the subject of
the Auction (an “Auction Notice”). Each Auction Notice shall contain (i) the Class of Term Loans that will be the
subject of the Auction, (ii) the total cash value of the bid (the “Auction Amount”), in a minimum amount of $1,000,000
with minimum increments of $500,000, (iii) the discount to par, which shall be a range (the “Discount Range”) of percentages
of the par principal amount of the Term Loans (i.e., a 5% to 10% Discount Range would represent $50,000 to $100,000 per $1,000,000 principal
amount of Term Loans, with a 10% discount being deemed a “higher” discount than 5% for purposes of an Auction) at issue that
represents the discounts applied to calculate the range of purchase prices that could be paid in the Auction; provided that the
Discount Range may, at the option of the Auction Party, be a single percentage, (iv) the date on which the Auction will conclude, on
which date Return Bids will be due at the time provided in the Auction Notice (such time, the “Auction Expiration Time”),
as such date and time may be extended upon notice by the Auction Party to the auction manager before any prior Auction Expiration Time,
and (v) the identity of the auction manager, and shall indicate if such auction manager is an Affiliate of Holdings. Each offer to purchase
Term Loans in an Auction shall be offered on a pro rata basis to all the Eligible Auction Lenders.

 

(b)              
Reply Procedures. In connection with any Auction, each Eligible Auction Lender may, in its sole discretion, participate
in such Auction and, if it elects to do so (any such participating Eligible Auction Lender, a “Participating Lender”),
shall provide, prior to the Auction Expiration Time, the auction manager with a notice of participation (the “Return Bid”)
which shall be in a form and substance prepared by the Borrower and shall specify (i) a discount to par that must be expressed as a percentage
of par principal amount of Term Loans of the relevant Class expressed in percentages (the “Reply Discount”), which
must be within the Discount Range, and (ii) a principal amount of Term Loans of the relevant Class, which must be in increments of $500,000,
that such Eligible Auction Lender is willing to offer for sale at its Reply Discount (the “Reply Amount”). An Eligible
Auction Lender may avoid the minimum increment amount condition solely when submitting a Reply Amount equal to such Eligible Auction Lender’s
entire remaining amount of such Term Loans. Eligible Auction Lenders may only submit one Return Bid per Auction but each Return Bid may
contain up to three bids, only one of which can result in a Qualifying Bid (as defined below). In addition to the Return Bid, each Participating
Lender must execute and deliver, to be irrevocable during the pendency of the Auction and held in escrow by the auction manager, an assignment
agreement pursuant to which such Participating Lender shall make the representations and agreements substantially consistent with the
terms of Section 2.3(f). Any Eligible Auction Lender that fails to submit a Return Bid at or prior to the Auction Expiration Time
shall be deemed to have declined to participate in the Auction.

 

 

 

    	 	Schedule 1.1 - 17	 

     

    

 

(c)              
Acceptance Procedures. Based on the Reply Discounts and Reply Amounts received by the auction manager, the auction manager,
with the consent of the Auction Party, will, within ten (10) Business Days of the Auction Notice (or such other time agreed by the Borrower),
determine the applicable discount (the “Applicable Discount”) for the Auction, which will be the highest Reply Discount
at which the Auction Party can complete the Auction at the Auction Amount; provided that, in the event that the Reply Amounts are
insufficient to allow the Auction Party to complete a purchase of the entire Auction Amount, the Auction Party shall either, at its election,
(i) withdraw the Auction or (ii) complete the Auction as set forth below. Unless withdrawn, the Auction Party shall notify the Participating
Lenders of the Applicable Discount no later than one (1) Business Day after it is determined (the “Applicable Discount Notice”).
The Auction Party shall, within three (3) Business Days of the Applicable Discount Notice, purchase Term Loans from each Participating
Lender with a Reply Discount that is equal to or higher than the Applicable Discount (“Qualifying Bids”) at a discount
to par equal to the Reply Discount of such Participating Lender, with the applicable Term Loans of the Participating Lender(s) with the
highest Reply Discount being purchased first and then in descending order from such highest Reply Discount to and including the applicable
Term Loans of the Participating Lenders with a Reply Discount equal to the Applicable Discount (the “Applicable Order of Purchase”);
provided that if the aggregate proceeds required to purchase all Term Loans of the relevant Class subject to Qualifying Bids would
exceed the Auction Amount for such Auction, the Auction Party shall purchase such Term Loans of the Participating Lenders in the Applicable
Order of Purchase, but with the Term Loans of Participating Lenders with Reply Discounts equal to the Applicable Discount being purchased
pro rata until the Auction Amount has been so expended on such purchases. If a Participating Lender has submitted a Return Bid
containing multiple bids at different Reply Discounts, only the bid with the highest Reply Discount that is equal to or more than the
Applicable Discount will be deemed the Qualifying Bid of such Participating Lender. In no event shall any purchase of Term Loans in an
Auction be made at a Reply Discount lower than the Applicable Discount for such Auction.

 

(d)              
Additional Procedures. Once initiated by an Auction Notice, the Auction Party may withdraw or modify an Auction only prior
to the delivery of the Applicable Discount Notice (and if any Auction is withdrawn or modified, notice thereof shall be delivered to the
Administrative Agent and the Eligible Auction Lenders no later than the first Business Day after such withdrawal). Furthermore, in connection
with any Auction, upon submission by a Participating Lender of the relevant Class of a Qualifying Bid, such Term Loan Lender will be obligated
to sell the entirety or its allocable portion of the Reply Amount, as the case may be, at the Applicable Discount.

 

Any failure by such Loan Party or such Subsidiary to make any prepayment
to a Lender, pursuant to this definition shall not constitute a Default or Event of Default under Article IX or otherwise.

 

“E-System” shall mean any electronic
system, including Intralinks®, DebtX and any other Internet or extranet-based site approved by Administrative Agent, whether such
electronic system is owned, operated or hosted by the Administrative Agent, any of its Affiliates or any other Person, providing for access
to data protected by passcodes or other security systems.

 

“Early Opt-in Effective Date”
means, with respect to any 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 Requisite Lenders.

 

 

 

 

    	 	Schedule 1.1 - 18	 

     

    

 

“Early Opt-in Election”
means the occurrence of:

 

		(1)	a notification by the Administrative Agent to (or the request by the Borrower to the Administrative Agent to notify) each of the other
parties hereto that at least five currently outstanding U.S. 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 upon 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 the Borrower to trigger a fallback from USD LIBOR and the provision by the Administrative
Agent of written notice of such election to the 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” shall mean
any of the member states of the European Union, Iceland, Liechtenstein and Norway.

 

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

 

“Effective Date” shall mean
April 23, 2021.

 

“Eligible Auction Lenders” has
the meaning assigned to such term in the definition of “Dutch Auction”.

 

“Eligible Counterparty” shall
(i) mean the Administrative Agent, any Affiliate of the Administrative Agent, any Lender and/or any Affiliate of any Lender that at any
time it occupies such role or capacity (whether or not it remains in such capacity) enters into a Hedge Agreement permitted hereunder
or any Cash Management Agreement, in each case, with the Borrower or any Restricted Subsidiary and (ii) with respect to Hedge Agreements
permitted hereunder or Cash Management Agreements, in each case, with the Borrower or any Restricted Subsidiary that is existing on the
Effective Date, any counterparty to such Hedge Agreement or Cash Management Agreement that is the Administrative Agent, a Lender or an
Affiliate of the foregoing as of the Effective Date.

 

 

 

    	 	Schedule 1.1 - 19	 

     

    

 

“Environmental Laws” shall mean
all applicable federal, state, local and foreign Laws, statutes, ordinances, codes, rules, standards and regulations, now or hereafter
in effect, and in each case as amended or supplemented from time to time, and any applicable judicial or administrative interpretation
thereof, including any applicable judicial or administrative order, consent decree or judgment, imposing liability or standards of conduct
for or relating to the regulation and protection of human health, safety, the environment and natural resources (including ambient air,
surface water, groundwater, wetlands, land surface or subsurface strata, wildlife, aquatic species and vegetation). Environmental Laws
include the Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (42 U.S.C. §§ 9601 et seq.) (“CERCLA”);
the Hazardous Materials Transportation Authorization Act of 1994 (49 U.S.C. §§ 5101 et seq.); the Federal Insecticide,
Fungicide, and Rodenticide Act (7 U.S.C. §§ 136 et seq.); the Solid Waste Disposal Act (42 U.S.C. §§ 6901 et
seq.); the Toxic Substance Control Act (15 U.S.C. §§ 2601 et seq.); the Clean Air Act (42 U.S.C. §§ 7401
et seq.); the Federal Water Pollution Control Act (33 U.S.C. §§ 1251 et seq.); the Occupational Safety and Health
Act (29 U.S.C. §§ 651 et seq.); and the Safe Drinking Water Act (42 U.S.C. §§ 300(f) et seq.), each
as from time to time amended, and any and all regulations promulgated thereunder, and all analogous state, local and foreign counterparts
or equivalents and any transfer of ownership notification or approval statutes.

 

“Environmental Liabilities”
shall mean, with respect to any Person, all liabilities, obligations, responsibilities, response, remedial and removal costs, investigation
and feasibility study costs, capital costs, operation and maintenance costs, losses, damages, punitive damages, property damages, natural
resource damages, consequential damages, treble damages, costs and expenses (including all fees, disbursements and expenses of counsel,
experts and consultants), fines, penalties, sanctions and interest incurred as a result of or related to any claim, suit, action, investigation,
proceeding or demand by any Person, whether based in contract, tort, implied or express warranty, strict liability, criminal or civil
statute or common law, arising under or related to any Environmental Laws, Environmental Permits, or in connection with any Release or
threatened Release or presence of a Hazardous Material whether on, at, in, under, from or about or in the vicinity of any real or personal
property.

 

“Environmental Permits” shall
mean all permits, licenses, authorizations, certificates, approvals, registrations or other written documents required by any Governmental
Authority under any Environmental Laws.

 

“Equipment” shall mean all “equipment,”
as such term is defined in the Code, now owned or hereafter acquired by any Loan Party or any of its Restricted Subsidiaries, wherever
located and, in any event, including all such Loan Party’s and such Restricted Subsidiary’s machinery and equipment, including
processing equipment, conveyors, machine tools, data processing and computer equipment with software and peripheral equipment (other than
software constituting part of the Accounts), and all engineering, processing and manufacturing equipment, office machinery, furniture,
materials handling equipment, tools, attachments, accessories, automotive equipment, trailers, trucks, forklifts, molds, dies, stamps,
motor vehicles, rolling stock, physical exercise and rehabilitation equipment, gymnastic equipment, athletic training equipment and other
equipment of every kind and nature, trade fixtures and fixtures not forming a part of real property, all whether now owned or hereafter
acquired, and wherever situated, together with all additions and accessions thereto, replacements therefor, all parts therefor, all substitutes
for any of the foregoing, fuel therefor, and all manuals, drawings, instructions, warranties and rights with respect thereto, and all
products and proceeds thereof and condemnation awards and insurance proceeds with respect thereto.

 

“Equity Interests” means any
and all shares, interests, participations or other equivalents (however designated) of capital stock of a corporation, any and all equivalent
ownership interests in a Person (other than a corporation), including partnership interests and membership interests, and any and all
warrants, rights or options to purchase or other arrangements or rights to acquire any of the foregoing.

 

“ERISA” shall mean the Employee
Retirement Income Security Act of 1974 (or any successor legislation thereto), as amended from time to time, and any regulations promulgated
thereunder.

 

 

 

    	 	Schedule 1.1 - 20	 

     

    

 

“ERISA Affiliate” shall mean,
with respect to any Subsidiary, any trade or business (whether or not incorporated) which, together with such Subsidiary, are treated
as a single employer within the meaning of Sections 414(b), (c), (m) or (o) of the IRC.

 

“ERISA Event” shall mean, with
respect to any Restricted Subsidiary or any ERISA Affiliate, (a) any “reportable event”, as defined in Section 4043(c) 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) with respect to any Plan, a failure to satisfy the minimum funding standard under Section 412 of the IRC or Section 302 of ERISA,
whether or not waived, (c) the filing pursuant to Section 412(c) of the IRC or Section 302(c) of ERISA of an application for a waiver
of the minimum funding standard with respect to any Plan, (d) the determination that any Plan is, or is reasonably expected to be, in
“at risk” status (as defined in Section 430 of the IRC or Section 303 of ERISA); (e) the incurrence by any Loan Party or any
ERISA Affiliate of any liability under Title IV of ERISA with respect to the termination of any Plan (other than premiums due and not
delinquent under Section 4007 of ERISA), (f) the receipt by any Loan Party or any ERISA Affiliate from the PBGC or a plan administrator
of any notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan or Plans, or the
occurrence of any event or condition which would reasonably be expected to constitute grounds under Section 4041 or 4042 of ERISA for
the termination of or the appointment of a trustee by the PBGC to administer any Plan or Plans, (g) the incurrence by any Loan Party or
any ERISA Affiliate of any liability with respect to the withdrawal or partial withdrawal (including under Section 4062(e) of ERISA) from
any Plan or Multiemployer Plan or (h) the receipt by any Loan Party or any ERISA Affiliate of any notice, or the receipt by any Multiemployer
Plan from any Loan Party or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability or a determination that
a Multiemployer Plan is, or is expected to be, insolvent within the meaning of Title IV of ERISA or is in “endangered” or
“critical” status, within the meaning of Section 432 of the IRC or Section 305 of ERISA.

 

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

 

“Eurodollar Business Day” shall
mean a Business Day on which banks in the city of London are generally open for interbank or foreign exchange transactions.

 

“Eurodollar Loan” shall mean
a Loan or any portion thereof bearing interest by reference to the Eurodollar Rate.

 

“Eurodollar Rate” means
for any Interest Period, (i) the rate per annum determined by the Administrative Agent to be the offered rate which appears on the
page of the Reuters Screen which displays the London interbank offered rate administered by ICE Benchmark Administration Limited (such
page currently being the LIBOR01 page) (the “LIBO Rate”) for deposits (for delivery on the first day of such Interest
Period) with a term equivalent to such Interest Period in Dollars, determined as of approximately 11:00 a.m. (London, England time),
two Business Days prior to the commencement of such Interest Period, or (ii) in the event the rate referenced in the preceding clause (i)
does not appear on such page or service or if such page or service shall cease to be available, the rate determined by the Administrative
Agent to be the offered rate on such other page or other service which displays the LIBO Rate for deposits (for delivery on the first
day of such Interest Period) with a term equivalent to such Interest Period in Dollars, determined as of approximately 11:00 a.m.
(London, England time) two Business Days prior to the commencement of such Interest Period; provided that if LIBO Rates are quoted
under either of the preceding clauses (i) or (ii), but there is no such quotation for the Interest Period elected, the LIBO Rate shall
be equal to the Interpolated Rate; and provided, further, that (x) if any such rate determined pursuant to the preceding
clauses (i) or (ii) is less than zero, the Eurodollar Rate will be deemed to be zero and (y) solely with respect to the Initial Term Loans,
if any such rate determined pursuant to the preceding clauses (i) or (ii) is less than 0.75%, the Eurodollar Rate will be deemed to be
0.75%.

 

 

 

    	 	Schedule 1.1 - 21	 

     

    

 

“Event of Default” shall have
the meaning assigned to it in Section 9.1.

 

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

 

(a)              
the sum, without duplication, of the amounts for such period of (i) Consolidated Net Income, plus, (ii) to the
extent reducing Consolidated Net Income, the sum, without duplication, of amounts for non-Cash charges reducing Consolidated Net Income,
including for depreciation and amortization (excluding any such non-Cash charge to the extent that it represents an accrual or reserve
for potential Cash charge in any future period or amortization of a prepaid Cash charge that was paid in a prior period), plus
(iii) the Consolidated Working Capital Adjustment, minus

 

(b)              
the sum, without duplication, of (i) the amounts for such period paid in cash of (1) scheduled or mandatory repayments
of Indebtedness for borrowed money (excluding repayments of Revolving Loans or Swing Line Loans except to the extent the Revolving Commitments
are permanently reduced in connection with such repayments) and scheduled repayments of obligations under Capital Leases (excluding any
interest expense portion thereof), (2) Consolidated Capital Expenditures, (3) Permitted Acquisitions (including transaction
costs with respect thereto), (4) other Investments permitted to be made pursuant to Section 7.2 (other than Section 7.2(c), 7.02(g), 7.02(j),
7.02(l), 7.02(m), 7.02(n), 7.2(o), 7.2(s), 7.2(t), 7.2(u), 7.2(v), 7.2(w), 7.2(x) or 7.2(y)), (5) Restricted Payments permitted to be
made pursuant to Section 7.14(b), 7.14(c) or 7.14(g), (6) solely to the extent not funded with the proceeds of Indebtedness (other than
Revolving Loans), the aggregate amount of earn-out, installment and deferred purchase price payments during such period, (7) solely to
the extent not funded with the proceeds of Indebtedness (other than Revolving Loans), the aggregate amount of any premium, make-whole
or penalty payments required to be made in connection with any prepayment of Indebtedness paid during such period, and (8) the aggregate
amount of fees, expenses and charges in connection with any Permitted Acquisition, offering of Stock, Investment, management equity plan,
stock option plan or any other management or employee benefit plan or agreement or any stock subscription or stockholders agreement, disposition,
restricted payment, earn-out, working capital adjustment or similar payment, recapitalization or the incurrence of any Indebtedness (including
any refinancings thereof) or in connection with any equity based compensation pursuant to equity incentive or similar awards paid during
such period to the extent not included in arriving at Consolidated Net Income for such period, plus (ii) other non-Cash gains
increasing Consolidated Net Income for such period (excluding any such non-Cash gain to the extent it represents the reversal of an accrual
or reserve for potential Cash gain in any prior period); and provided, that, for the avoidance of doubt, no prepayment pursuant
to Section 2.3(f) shall reduce the calculation of Excess Cash Flow pursuant to this clause (b) of the definition of Excess
Cash Flow.

 

For the avoidance of doubt, Excess Cash Flow shall
exclude the portion of Excess Cash Flow that is attributable to any company or line of business acquired pursuant to a Permitted Acquisition
or any other Investment prior to the closing date of the applicable Permitted Acquisition or such other Investment. For purposes of calculating
Excess Cash Flow, Consolidated Net Income shall not be calculated on a Pro Forma Basis.

 

“Excess Funding Amount” shall
have the meaning assigned to it in Section 10.9(c)(iii).

 

“Excluded Information” shall
mean information regarding the Borrower or its Affiliates that may be material to a decision made by a Lender to participate in any assignment,
including any information which is (a) not publicly available, (b) material with respect to Holdings, the Borrower and their respective
subsidiaries or their respective securities for purposes of U.S. federal and state securities laws and (c) not of a type that would be
publicly disclosed in connection with any issuance by Holdings, the Borrower or any of their respective subsidiaries of debt or equity
securities issued pursuant to a public offering, a Rule 144A offering or other private placement where assisted by a placement agent.

 

 

 

    	 	Schedule 1.1 - 22	 

     

    

 

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

 

“Excluded Subsidiary” shall
mean (i) any (w) Foreign Subsidiary that is a CFC, (x) Domestic Subsidiary of a Foreign Subsidiary of Holdings that is a CFC, (y) Foreign
Holdco and (z) Subsidiary that is not a Wholly-Owned Subsidiary of a Loan Party; provided that this clause (i) shall not
apply to any Subsidiary that becomes a non-Wholly-Owned Subsidiary as a result of a transaction (x) whose sole purpose was to cause such
Subsidiary to become an Excluded Subsidiary and (y) has no other bona fide business rationale, (ii) captive insurance companies, (iii)
not-for-profit Subsidiaries, (iv) special purpose entities, (v) Immaterial Subsidiaries, (vi) to the extent a guarantee is prohibited
or restricted by contracts with third parties (other than with the Borrower or a Guarantor) as in existence on the Effective Date or at
the time of acquisition of such Subsidiary (and not entered into in contemplation thereof) or by applicable Law (including any requirement
to obtain Governmental Authority consent), rule or regulation, or would require governmental (including regulatory) consent, approval,
license or authorization unless such consent, approval, license or authorization has been received, (vii) any Subsidiary acquired pursuant
to a Permitted Acquisition (as defined below) or similar Investment permitted under this Agreement that has, at the time of such acquisition
or Investment, secured Indebtedness (not incurred in contemplation of such acquisition or Investment), and any Subsidiary thereof that
guarantees such Indebtedness, in each case, to the extent such secured Indebtedness prohibits such Subsidiary from becoming a Guarantor,
(viii) (y) any Subsidiary that is a “professional corporation” and (z) any Subsidiary that is prohibited by corporate practice
of medicine or fee-splitting laws, rules or regulations from providing a guarantee or providing collateral, (ix) to the extent the Administrative
Agent and Borrower mutually determine the cost and/or burden of obtaining the guaranty (including any adverse tax consequences) outweigh
the benefit to the Lenders and (x) Unrestricted Subsidiaries. For the avoidance of doubt, the Borrower will not constitute an Excluded
Subsidiary.

 

“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 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 applicable Loan or Commitment, other than pursuant to an assignment request by the Borrower or (ii) such Lender changes
its lending office, except in each case to the extent that such Lender’s assignor, immediately before such Lender acquired the applicable
interest in such Commitment or Loan, or such Lender, immediately before it changed its lending office, was entitled to receive additional
amounts with respect to such Taxes pursuant to Section 2.11, (c) Taxes attributable to such Recipient’s failure to comply with Section
2.12(f) and (d) any withholding Taxes imposed under FATCA.

 

“Existing Credit Agreement”
shall have the meaning assigned to it in the recitals to this Agreement.

 

 

 

    	 	Schedule 1.1 - 23	 

     

    

 

“Existing Letters of Credit”
shall mean the letters of credit issued under the Existing Credit Agreement, which are set forth on Schedule 1.1(B).

 

“Extended Revolving Loan Commitment”
shall have the meaning assigned to it in Section 12.2(d)(iii).

 

“Extended Revolving Loans” shall
have the meaning assigned to it in Section 12.2(d)(iii).

 

“Extended Term Loans” shall
have the meaning assigned to it in Section 12.2(d)(ii).

 

“Extension” shall have the meaning
assigned to it in Section 12.2(d).

 

“Extension Offer” shall have
the meaning assigned to it in Section 12.2(d).

 

“Facilities” shall mean, collectively,
the Term Loans and the Revolving Loans provided by the Lenders to the Borrower hereunder.

 

“Fair Share” has the meaning
set forth in Section 13.2.

 

“Fair Share Contribution Amount”
has the meaning set forth in Section 13.2.

 

“FATCA” shall mean Sections
1471 through 1474 of the IRC, as of the date of this Agreement (or any amended or successor version that is substantively comparable and
not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any agreement entered
into pursuant to current Section 1471(b)(1) of the IRC (or any amended or successor version described above) and any intergovernmental
agreements, treaty or convention (and any related Laws or regulations) implementing the foregoing.

 

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

 

“Federal Reserve Board” means
the Board of Governors of the Federal Reserve System, or any successor thereto.

 

“Fee Letter” shall mean, collectively,
any fee letter entered into between the Borrower and any of the Joint Lead Arrangers in connection with this Agreement.

 

“Fees” shall mean any and all
fees payable to Administrative Agent, L/C Issuer, or any Lender pursuant to this Agreement or any of the other Loan Documents.

 

“Financial Asset” has the meaning
set forth in the Code.

 

“Financial Statements” shall
mean the consolidated income statements, statements of cash flows and balance sheets of Holdings and its Restricted Subsidiaries and their
Consolidated Joint Ventures.

 

 

 

    	 	Schedule 1.1 - 24	 

     

    

 

“First Lien Indebtedness” shall
mean, as of any date of determination, the sum of (a) all the aggregate stated balance sheet amount of all Indebtedness of Holdings and
its Restricted Subsidiaries (or, if higher, the par value or stated face amount of all such Indebtedness (other than zero coupon Indebtedness)),
determined on a consolidated basis in accordance with GAAP (but, for the avoidance of doubt, excluding all Indebtedness of any Consolidated
Joint Venture and any Unconsolidated Joint Venture) which is secured by a Lien on the assets of Holdings or any Subsidiary thereof but
excluding any such Indebtedness to the extent the applicable Liens are expressly subordinated or junior to the Lien securing the Obligations
(calculated, without duplication, net of the aggregate amount of Cash or Cash Equivalents included in the consolidated balance sheet of
Holdings and its Subsidiaries and which are not (i) subject to any Lien (other than (i) Liens in favor of the Collateral Agent, or (ii)
Liens described in clause (o) of Permitted Encumbrances) or (ii) noted as "restricted" on such consolidated balance sheet) plus
(b) Consolidated Joint Venture Debt which is secured by a Lien on the assets of Holdings or any Subsidiary thereof but excluding any such
Indebtedness to the extent the applicable Liens are expressly subordinated or junior to the Lien securing the Obligations.

 

“First Lien Net Leverage Ratio”
shall mean, as of any date of determination, the ratio of (a) First Lien Indebtedness as of such date to (b) Consolidated Adjusted EBITDA
for the Measurement Period ended prior to the applicable date of determination for which Financial Statements were required to be delivered.

 

“First Priority” means, with
respect to any Lien purported to be created in any Collateral pursuant to any Security Document, that such Lien is the only Lien to which
such Collateral is subject, other than any Permitted Lien.

 

“Fiscal Quarter” shall mean
a fiscal quarter of any Fiscal Year.

 

“Fiscal Year” shall mean any
of the annual accounting periods of the Loan Parties and their Subsidiaries ending on December 31 of each year.

 

“Fixtures” shall mean any “fixtures”
as such term is defined in the Code, now owned or hereafter acquired by any Loan Party or any of its Restricted Subsidiaries.

 

“Flood Insurance Laws” means,
collectively, (a) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (b) the Flood
Disaster Protection Act of 1973 as now or hereafter in effect or any successor statute thereto, (c) the National Flood Insurance Reform
Act of 1994 as now or hereafter in effect or any successor statute thereto, (d) the Flood Insurance Reform Act of 2004 as now or hereafter
in effect or any successor statute thereto and (e) the Biggert Waters Flood Insurance Reform Act of 2012 as now or hereafter in effect
or any successor statute thereto.

 

“Floor” means
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 USD LIBOR.

 

“Foreign Holdco” shall mean
any subsidiary that has no material assets other than equity interests in or equity interests in and indebtedness of one or more Foreign
Subsidiaries of the Borrower that are CFCs.

 

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

 

“Foreign Subsidiary” shall mean,
with respect to any Person, a Restricted Subsidiary of such Person, which Restricted Subsidiary is not a Domestic Subsidiary.

 

“Fund” shall mean any Person
(other than a natural person) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans and
similar extensions of credit in the ordinary course of its business.

 

 

 

    	 	Schedule 1.1 - 25	 

     

    

 

“Funding Guarantors” has the
meaning set forth in Section 13.2.

 

“GAAP” shall mean generally
accepted accounting principles in the United States of America as in effect on the Effective Date, consistently applied as such term is
further defined in Section 1.2(c).

 

“Governmental Authority” shall
mean any nation or government, any state or other political subdivision thereof, and any agency, department or other entity exercising
executive, legislative, judicial, regulatory or administrative functions of or pertaining to government.

 

“Guaranteed Indebtedness” shall
mean, as to any Person, any obligation of such Person guaranteeing any Indebtedness (“primary obligations”) of any
other Person (the “primary obligor”) in any manner, including any obligation or arrangement of such Person (a) to purchase
or repurchase any such primary obligation, (b) to advance or supply funds (i) for the purchase or payment of any such primary obligation
or (ii) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency or any
balance sheet condition of the primary obligor, (c) to purchase property, securities or services primarily for the purpose of assuring
the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation, or (d) to indemnify
the owner of such primary obligation against loss in respect thereof. The amount of any Guaranteed Indebtedness at any time shall be deemed
to be an amount equal to the lesser at such time of (x) the stated or determinable amount of the primary obligation in respect of which
such Guaranteed Indebtedness is made and (y) the maximum amount for which such Person may be liable pursuant to the terms of the instrument
embodying such Guaranteed Indebtedness; or, if not stated or determinable, the maximum reasonably anticipated liability (assuming full
performance) in respect thereof; provided that, for the avoidance of doubt, (i) guarantees of leases in the ordinary course of
business shall not constitute “Guaranteed Indebtedness” and (ii) if such obligation is limited in recourse against a specific
asset, the amount of such Guaranteed Indebtedness shall be calculated as the lesser of the obligation so guaranteed or otherwise supported
or, if not a fixed and determined amount, the maximum amount so guaranteed or supported and the fair market value of such asset.

 

“Guaranteed Obligations” has
the meaning set forth in Section 13.1.

 

“Guarantors” shall mean Holdings,
Beverly, Beverly Radiology, Pronet and each Restricted Subsidiary of Holdings (other than the Borrower, any Excluded Subsidiary and, for
the avoidance of doubt, any Joint Ventures otherwise permitted by this Agreement) that is a guarantor hereunder; provided, that,
as of the Effective Date, the “guarantors” under the Existing Credit Agreement shall be Guarantors hereunder as of the Effective
Date except for the Immaterial Subsidiaries set forth on Schedule 1.01(A).

 

For the avoidance of doubt, the Borrower may, at
its option (subject to the consent of the Administrative Agent, which consent, in the case of a Domestic Subsidiary that is a Restricted
Subsidiary, shall not to be unreasonably withheld or delayed), cause any Restricted Subsidiary that is not a Guarantor to guarantee the
Obligations by causing such Restricted Subsidiary to execute a joinder to this Agreement in form and substance reasonably satisfactory
to the Administrative Agent, and any such Restricted Subsidiary (a “Designated Guarantor”) shall cease to be an Excluded
Subsidiary and shall, subject to the immediately succeeding sentence, be a Guarantor, Loan Party and Subsidiary Guarantor hereunder for
all purposes. For the avoidance of doubt, the Administrative Agent may withhold its consent (in its sole discretion) or condition its
consent by limiting the purposes for which any Person that is not a Wholly-Owned Restricted Subsidiary of the Borrower or that is a Foreign
Subsidiary shall constitute a Loan Party, Guarantor and Subsidiary Guarantor (if applicable) for purposes of Article VII and related definitions
used therein (including requiring perfection of “foreign” Collateral in the applicable foreign jurisdiction and local law
security documents notwithstanding any exclusion or limitation herein).

 

 

 

    	 	Schedule 1.1 - 26	 

     

    

 

“Hazardous Material” shall mean
any substance, material or waste which is regulated by or forms the basis of liability now or hereafter under, any Environmental Laws,
including any material or substance which is (a) defined as a “solid waste,” “hazardous waste,” “hazardous
material,” “hazardous substance,” “extremely hazardous waste,” “restricted hazardous waste,”
“pollutant,” “contaminant,” “hazardous constituent,” “special waste,” “toxic substance”
or other similar term or phrase under any Environmental Laws, (b) petroleum or any fraction or by-product thereof, asbestos, polychlorinated
biphenyls (PCB’s), or any radioactive substance.

 

“Health Care Laws” shall mean
to the extent applicable to the Loan Parties (i) all federal and state fraud and abuse laws, including but not limited to the federal
Anti-Kickback Statute (42 U.S.C. § 1320a-7b(b)), the Stark Law (42 U.S.C. § 1395nn), the civil False Claims Act (31 U.S.C. §
3729 et seq.), TRICARE (10 U.S.C. § 1071 et seq.), the federal Civil Monetary Penalties Law (42 U.S.C. §1320a-7a),
the criminal False Claims Act (42 U.S.C. §1320a-7b(a)), the exclusion laws (42 U.S.C. § 1320a-7), all criminal laws relating
to health care fraud and abuse, including but not limited to 18 U.S.C. Sections 286, 287, 1035, 1347 and 1349, and the health care fraud
criminal provisions under the Health Insurance Portability and Accountability Act of 1996 (42 U.S.C. § 1320d et seq.), as amended
by the Health Information Technology for Economic and Clinical Health Act (“HIPAA”), and the regulations promulgated
pursuant to such statues; (ii) all federal and state data privacy and security laws, including, without limitation, HIPAA, and the regulations
promulgated thereunder; (iii) Medicare (Title XVIII of the Social Security Act) and the regulations promulgated thereunder; (iv) Medicaid
(Title XIX of the Social Security Act) and the regulations promulgated thereunder; (v) the FD&C Act and the regulations promulgated
thereunder by the FDA; (vi) the Controlled Substances Act, as amended, and the regulations promulgated thereunder by the federal Drug
Enforcement Administration; (vii) all applicable state laws and regulations, including those related to the corporate practice of medicine,
fee-splitting, anti-kickback, or self-referral prohibitions; (viii) all applicable licensure Laws; and (ix) any and all other applicable
health care Laws (whether foreign or domestic), and each of (i) through (ix) as may be amended from time to time.

 

“Hedge Agreement” shall mean
any interest rate protection agreement, foreign currency exchange agreement, commodity price protection agreement or other interest or
currency exchange rate or commodity price hedging arrangement.

 

“Historical Financial Statements”
means, as of the Effective Date, the unqualified audited financial statements of Holdings and its Restricted Subsidiaries for the immediately
preceding three (3) Fiscal Years, consisting of balance sheets and the related consolidated statements of income, stockholders’
equity and cash flows for such Fiscal Years, certified by the chief financial officer of the Borrower that they fairly present, in all
material respects, the financial condition of Holdings and its Restricted Subsidiaries as at the dates indicated and the results of their
operations and their cash flows for the periods indicated, subject to changes resulting from audit and normal year-end adjustments.

 

“Holdings” shall have the meaning
assigned to it in the recitals to this Agreement.

 

“Immaterial Subsidiary” shall
mean, at any time, any Subsidiary that (i) contributed 2.5% or less of TTM Consolidated EBITDA, and (ii) had consolidated assets representing
2.5% or less of the total consolidated assets of Holdings and the Subsidiaries on the last day of the most recent fiscal quarter ended
on or prior to the date of determination for which Financial Statements are required to be delivered. In no event shall the aggregate
amount of TTM Consolidated EBITDA or consolidated assets of Immaterial Subsidiaries exceed 5% of TTM Consolidated EBITDA or total consolidated
assets of Holdings and the Subsidiaries, respectively. The Subsidiaries set forth on Schedule 1.01(A) are the Immaterial Subsidiaries
on the Effective Date.

 

“Incremental Amendment” shall
have the meaning assigned to it in Section 2.1(d)(vi).

 

 

 

    	 	Schedule 1.1 - 27	 

     

    

 

“Incremental Cap” shall mean,
as of any date of determination, the sum of:

 

(a)              
(i) the greater of (1) $170,000,000 and (2) 100% of TTM Consolidated EBITDA (collectively, the “Starter
Basket Amount”), minus (ii) the aggregate principal amount of any Incremental Facilities or Incremental Equivalent Debt
established or incurred by the Borrower in reliance on the Starter Basket Amount (and not subsequently redesignated as established or
incurred in reliance on the Ratio Based Incremental Amount or another available exception) on or prior to such date; plus

 

(b)              
(i) the aggregate principal amount of all Term Loans voluntarily prepaid pursuant to Section 2.3(a), plus (B) the aggregate
principal amount of all Incremental Equivalent Debt, Permitted Ratio Debt and other Indebtedness that is secured by a Lien on the Collateral
on a pari passu basis with the Obligations voluntarily prepaid, plus (C) the aggregate amount of all Term Loans repurchased
and prepaid pursuant to Section 2.3(f) (limited to the amount of cash actually paid in respect of such purchase), plus (D)
the aggregate amount of all payments made in connection with the Borrower’s exercise of its rights pursuant to Section 10.9(f)
(to the extent such Term Loans or Revolving Loan Commitments are permanently retired or terminated, rather than assigned), plus (E)
all permanent reductions of the Revolving Loan Commitments pursuant to Section 2.3(a), in each case of clause (A) through (E),
on or prior to such date and except to the extent funded with the proceeds of long-term Indebtedness (other than revolving loans) (collectively,
the “Incremental Reload Amount”), minus (ii) (A) the aggregate principal amount of any Incremental Facilities
or Incremental Equivalent Debt established or incurred by the Borrower in reliance on the Incremental Reload Amount (and not subsequently
redesignated as established or incurred in reliance on the Incremental Reload Amount or another available exception) on or prior to such
date; plus

 

(c)              
an unlimited additional amount (the “Ratio Based Incremental Amount”) so long as, subject to Section 1.3
in the case of any Incremental Facility, Incremental Equivalent Debt or Permitted Ratio Debt established or incurred in connection with
a Limited Condition Transaction, when calculated on a Pro Forma Basis as of the last day of the most recent Measurement Period ended prior
to the applicable date of determination for which Financial Statements are required to be delivered after giving Pro Forma Effect to the
establishment or incurrence of such Indebtedness and the use of proceeds thereof, any acquisition or other transaction consummated in
connection therewith (including any repayment of Indebtedness) and all other customary pro forma events and adjustments and assuming all
previously established and simultaneously established Incremental Revolving Loan Commitments are fully drawn and excluding the cash proceeds
of any borrowings thereunder not applied promptly for the specified transaction in connection with such incurrence upon receipt thereof:

 

(i)                
in the case of any Incremental Facility, Incremental Equivalent Debt or Permitted Ratio Debt, as the case may be, that is secured
by a Lien on the Collateral on a pari passu basis with the Obligations, either (A) the First Lien Net Leverage Ratio does not exceed
4.75 to 1.00 or (B) if such Incremental Facility, Incremental Equivalent Debt or Permitted Ratio Debt, as the case may be, is being
established or incurred in connection with a Permitted Acquisition or other Investment permitted hereunder, at the election of the Borrower,
the First Lien Net Leverage Ratio does not exceed the First Lien Net Leverage Ratio immediately prior to giving effect to the establishment
or incurrence thereof,

 

(ii)             
in the case of any Incremental Facility, Incremental Equivalent Debt or Permitted Ratio Debt, as the case may be, that is secured
by a Lien on the Collateral on a basis junior to the Obligations, either (A) the Senior Secured Net Leverage Ratio does not exceed 5.50
to 1.00 or (B) if such Incremental Facility, Incremental Equivalent Debt or Permitted Ratio Debt, as the case may be, is being established
or incurred in connection with a Permitted Acquisition or other Investment permitted hereunder, at the election of the Borrower, the Senior
Secured Net Leverage Ratio does not exceed the Senior Secured Net Leverage Ratio immediately prior to giving effect to the establishment
or incurrence thereof, or

 

 

 

    	 	Schedule 1.1 - 28	 

     

    

 

(iii)           
in the case of any Incremental Facility, Incremental Equivalent Debt or Permitted Ratio Debt, as the case may be, that is unsecured,
either (A) the Total Net Leverage Ratio does not exceed 5.50 to 1.00 or (B) if such Incremental Facility, Incremental Equivalent
Debt or Permitted Ratio Debt, as the case may be, is being established or incurred in connection with a Permitted Acquisition or other
Investment permitted hereunder, at the election of the Borrower, the Total Net Leverage Ratio does not exceed the Total Net Leverage Ratio
immediately prior to giving effect to the establishment or incurrence thereof.

 

It is understood and agreed that (i) the Borrower may select utilization
order (in whole or in part, including combinations thereof) under clauses (a), (b) and (c) above in its sole discretion and, if both clauses
(a) and (c) above are available and the Borrower does not make an election, the Borrower shall be deemed to have elected clause (c), (ii)
Indebtedness may be incurred under both clauses (a) and (c) above, and proceeds from any such incurrence may be utilized in a single transaction
by first calculating the incurrence under clause (c) above and then calculating the incurrence under clause (a) above (if any) and (iii)
the Borrower may redesignate any Indebtedness originally designated as incurred under clause (a), (b) or (c) as having been incurred under
any other such clause, so long as at the time of such redesignation, the Borrower would be permitted (determined without duplication of
the Indebtedness to be redesignated) to incur under such other clause the aggregate principal amount of Indebtedness being so redesignated
(for purposes of clarity, with any such redesignation having the effect of increasing the Borrower’s ability to incur Indebtedness
under the former clause as of the date of such redesignation by the amount of Indebtedness so redesignated) (it being understood and agreed
that, if at any time the Borrower would be permitted hereunder to redesignate Indebtedness originally designated as incurred under clause
(a) above as having been incurred under clause (c) above, the Borrower shall be deemed to have made such resignation to the fullest extent
permitted at such time).

 

“Incremental Commitments” shall
have the meaning assigned to it in Section 2.1(d)(i).

 

“Incremental Equivalent Debt”
shall mean Indebtedness issued or incurred by the Borrower and in the form of one or more series of senior or subordinated notes or loans
(which may be unsecured or secured on a junior lien basis or a pari passu basis, in each case issued in a public offering, Rule
144A or other private placement or bridge facility in lieu of the foregoing, or senior or subordinated “mezzanine” debt (which
may be in the form of loans or notes and limited to being unsecured or secured solely on a junior lien basis)); provided that such
Incremental Equivalent Debt (a) in the case of syndicated term loans secured by a Lien on the Collateral on a pari passu basis
with respect to any then-existing Initial Term Loans, shall have the benefit of the MFN Provision (with each reference therein to “Incremental
Term Loans” being deemed to be a reference to “Incremental Equivalent Debt”); (b) shall (i) mature no earlier than the
latest maturity date of any then-existing Initial Term Loans; (ii) have a weighted average life to maturity no shorter than the remaining
weighted average life to maturity of any then-existing Initial Term Loans (without giving effect to any prepayments that would otherwise
modify the weighted average life to maturity of such Initial Term Loans); provided that, at the option of the Borrower, this clause (b)
shall not apply to Incremental Equivalent Debt in an aggregate outstanding principal amount of up to the Incremental Maturity Carveout
as in effect immediately prior to the incurrence of such Incremental Equivalent Debt; (iii) shall not be guaranteed by any Person other
than any Loan Party; (iv) shall not be secured by any assets other than the Collateral; and (v) to the extent secured or subordinated
in right of payment, be subject to customary intercreditor arrangements reasonably satisfactory to the Administrative Agent, including
by entry to an Applicable Intercreditor Agreement.

 

“Incremental Facilities” shall
have the meaning assigned to it in Section 2.1(d)(i).

 

“Incremental Loans” shall have
the meaning assigned to it in Section 2.1(d)(ii).

 

“Incremental Maturity Carveout”
shall mean, on any date, an aggregate amount equal to (a) $85,000,000, minus (b) (i) the aggregate outstanding principal amount
of Incremental Term Loans, Incremental Equivalent Debt and Permitted Ratio Debt, in each case, to which the Incremental Maturity Carveout
has previously been applied.

 

“Incremental MFN Carveout” shall
mean, on any date, an aggregate amount equal to (a) the greater of (x) $50,000,000 and (y) 25% of TTM Consolidated EBITDA, minus (b) the
aggregate principal amount of Incremental Term Loans, Incremental Equivalent Debt and Permitted Ratio Debt, in each case, to which the
Incremental MFN Carveout has previously been applied.

 

 

 

    	 	Schedule 1.1 - 29	 

     

    

 

“Incremental Reload Amount”
shall have the meaning assigned to it in the definition of “Incremental Cap”.

 

“Incremental Request” shall
have the meaning assigned to it in Section 2.1(d)(i).

 

“Incremental Revolving Loan”
shall have the meaning assigned to it in Section 2.1(d)(ii).

 

“Incremental Revolving Loan Commitments”
shall have the meaning assigned to it in Section 2.1(d)(i).

 

“Incremental Term Commitments”
shall have the meaning assigned to it in Section 2.1(d)(i).

 

“Incremental Term Facility”
shall have the meaning assigned to it in Section 2.1(d)(i).

 

“Incremental Term Loan Commitment”
shall mean the commitment of any Lender to make Incremental Term Loans of a particular tranche pursuant to Section 2.1(d), in each
case, as any such amounts may be adjusted, if at all, from time to time in accordance with this Agreement.

 

“Incremental Term Loans” shall
have the meaning assigned to it in Section 2.1(d)(ii).

 

“Indebtedness” means, as applied
to any Person, without duplication, (i) all indebtedness for borrowed money; (ii) that portion of obligations with respect to Capital
Leases that is properly classified as a liability on a balance sheet in conformity with GAAP; (iii) notes payable and drafts accepted
representing extensions of credit whether or not representing obligations for borrowed money; (iv) any obligation owed for all or any
part of the deferred purchase price of property or services, including any earn-out obligations (excluding any such obligations incurred
under ERISA), which purchase price is (a) due more than six (6) months from the date of incurrence of the obligation in respect thereof
or (b) evidenced by a note or similar written instrument; (v) all indebtedness secured by any Lien on any property or asset owned or held
by that Person regardless of whether the indebtedness secured thereby shall have been assumed by that Person or is nonrecourse to the
credit of that Person; (vi) the face amount of any letter of credit issued for the account of that Person or as to which that Person is
otherwise liable for reimbursement of drawings; (vii) Disqualified Stock, (viii) the direct or indirect guaranty, endorsement (otherwise
than for collection or deposit in the ordinary course of business), co-making, discounting with recourse or sale with recourse by such
Person of the obligation of another; (ix) any obligation of such Person the primary purpose or intent of which is to provide assurance
to an obligee that the obligation of the obligor thereof will be paid or discharged, or any agreement relating thereto will be complied
with, or the holders thereof will be protected (in whole or in part) against loss in respect thereof; (x) any liability of such Person
for an obligation of another through any agreement (contingent or otherwise) (a) to purchase, repurchase or otherwise acquire such obligation
or any security therefor, or to provide funds for the payment or discharge of such obligation (whether in the form of loans, advances,
stock purchases, capital contributions or otherwise) or (b) to maintain the solvency or any balance sheet item, level of income or financial
condition of another if, in the case of any agreement described under subclauses (a) or (b) of this clause (x), the primary purpose or
intent thereof is as described in clause (ix) above; and (xi) all obligations of such Person in respect of any exchange traded or over
the counter derivative transaction, including any Hedge Agreement, in each case, whether entered into for hedging or speculative purposes.

 

“Indemnified Liabilities” shall
have the meaning assigned to it in Section 12.4(a).

 

 

 

    	 	Schedule 1.1 - 30	 

     

    

 

“Indemnified Person” shall the
meaning assigned to it in Section 12.4(a).

 

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

 

“Initial Term Loan” shall mean
the initial term loan funded under the Initial Term Loan Commitment pursuant to Section 2.1(b) (it being understood that such term
shall refer to the aggregate Initial Term Loan funded to the Borrower when used in the context of all Term Loan Lenders collectively and
a particular Term Loan Lender’s portion of the aggregate Initial Term Loan when used in the context of an individual Term Loan Lender).

 

“Initial Term Loan Commitment”
shall mean (a) as to any Lender, the commitment of such Lender to make its Pro Rata Share of the Initial Term Loan as set forth on Annex
A hereto or in the most recent Assignment and Acceptance Agreement to which it is a party (as adjusted to reflect any assignments as permitted
hereunder) and (b) as to all Lenders, the aggregate commitment of all Lenders to make the Initial Term Loan, which aggregate commitment
shall be $725,000,000.

 

“Instruments” shall mean any
“instrument,” as such term is defined in the Code, now owned or hereafter acquired by any Loan Party or any of its Subsidiaries,
wherever located, and, in any event, including all certificated securities, all certificates of deposit, and all notes and other, without
limitation, evidences of Indebtedness, other than instruments that constitute, or are a part of a group of writings that constitute, Chattel
Paper.

 

“Intellectual Property” has
the meaning set forth in the Pledge and Security Agreement.

 

“Intellectual Property Security Agreements”
has the meaning set forth in the Pledge and Security Agreement.

 

“Interest Period” means as to
each Eurodollar Loan, the period commencing on the date such Eurodollar Loan is disbursed or converted to or continued as a Eurodollar
Loan and ending on the date one, three or six months thereafter or, to the extent agreed by each applicable Lender of such Eurodollar
Loan, nine or 12 months or less than one month thereafter, as selected by the Borrower in its Notice of Advance; provided that:

 

		(a)	any Interest Period that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business
Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business
Day;

 

		(b)	any Interest Period (other than an Interest Period having a duration of less than one month) that begins on the last Business Day
of a calendar month (or on a day for which there is no numerically corresponding day in the calendar month at the end of such Interest
Period) shall end on the last Business Day of the calendar month at the end of such Interest Period; and

 

		(c)	no Interest Period shall extend beyond the applicable Termination Date.

 

 

 

    	 	Schedule 1.1 - 31	 

     

    

 

“Interest Payment Date” shall
mean (a) as to any Alternate Base Rate Loan (including a Swingline Loan), the last Business Day of each Fiscal Quarter to occur while
such Loan is outstanding (for the avoidance of doubt, such payment shall be an interest payment for the Fiscal Quarter ending on such
day), (b) as to any Eurodollar Loan, on the last day of any applicable Interest Period (for the avoidance of doubt, such payment shall
be an interest payment for the Interest Period ending on such day) and as to any Eurodollar Loan that has a Interest Period of more than
three months, at the end of each three month interval from the first day of such Interest Period and (c) in addition to the foregoing,
each of (x) the date upon which all of the Commitments have been terminated and the Loans have been paid in full and (y) the Commitment
Termination Date shall be deemed to be an “Interest Payment Date” with respect to any interest which is then accrued and unpaid
under this Agreement.

 

“International Trade Laws” means
all laws, rules, regulations and requirements of any jurisdiction, including the United States, applicable to the Borrower, its Affiliates,
or any party to the Loan Documents concerning or relating to (i) the importation of merchandise, including those administered by U.S.
Customs and Border Protection or the U.S. Department of Commerce; (ii) the exportation or reexportation of items (including technology,
services, and software), including those administered by the U.S. Department of Commerce or the U.S. Department of State; or (iii) Sanctions,
terrorism or money laundering, including, without limitation, (a) Executive Order No. 13224 of September 23, 2001, entitled Blocking Property
and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support Terrorism; (b) the Patriot Act; (c) the U.S. International
Emergency Economic Powers Act; (d) the U.S. Trading with the Enemy Act; (e) the U.S. United Nations Participation Act; (f) the U.S. Syria
Accountability and Lebanese Sovereignty Act; (g) the U.S. Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010; (h)
the Iran Sanctions Act, Section 1245 of the National Defense Authorization Act of 2012; (i) the Currency and Foreign Transactions Reporting
Act (also known as the “Bank Secrecy Act”, 31 U.S.C. §§ 5311-5330 and 12 U.S.C. §§ 1818(s), 1820(b) and
1951- 1959) and (j) any similar laws, rules, regulations and requirements enacted, administered or enforced by the U.S., the United Nations
Security Council, the European Union, or Her Majesty’s Treasury.

 

“Interpolated Rate” means,
in relation to the LIBO Rate, the rate which results from interpolating on a linear basis between: (a) the applicable LIBO Rate for the
longest period (for which that LIBO Rate is available) which is less than the Interest Period of the applicable Eurodollar Loan; and
(b) the applicable LIBO Rate for the shortest period (for which that LIBO Rate is available) which exceeds the Interest Period of such
Eurodollar Loan, each as of approximately 11:00 a.m. (London, England time) two Business Days prior to the commencement of such Interest
Period of that Loan.

 

“Inventory” shall mean any “inventory,”
as such term is defined in the Code, now or hereafter owned or acquired by any Loan Party or any of its Subsidiaries, wherever located,
and in any event including inventory, merchandise, goods and other personal property which are held by or on behalf of any Loan Party
or any of its Subsidiaries for sale or lease or are furnished or are to be furnished under a contract of service, or which constitute
raw materials, work in process or materials used or consumed or to be used or consumed in such Loan Party’s or such Subsidiary’s
business or in the processing, production, packaging, promotion, delivery or shipping of the same, including other supplies.

 

“Investment” shall mean to (i)
purchase or acquire any Stock or debt or equity securities of another Person, or (ii) make any acquisition of all or substantially all
of the assets of another Person, or of any business or division of another Person, including, without limitation, by way of merger, consolidation
or other combination or (iii) make any advance, loan, extension of credit or capital contribution to, or any other investment in, another
Person including any other Affiliate of the Borrower or Subsidiary of the Borrower. For purposes of compliance with Section 7.2,
the amount of any Investment at any time shall be the amount actually invested (measured at the time made), without adjustment for subsequent
changes in the value of such Investment, net of any Returns with respect to such Investment (to the extent such Returns do not exceed,
in the aggregate, the original amount of such Investment).

 

“IRC” shall mean the Internal
Revenue Code of 1986, as amended, and any successor thereto.

 

 

 

    	 	Schedule 1.1 - 32	 

     

    

 

“IRS” shall mean the Internal
Revenue Service, or any successor thereto.

 

“Joint Lead Arrangers” shall
mean Barclays Bank PLC, Capital One, National Association, J.P. Morgan Securities LLC, RBC Capital Markets, TD Securities (USA) LLC and
Truist Securities, Inc., each in its capacity as a joint lead arranger and joint bookrunner in respect of the Facilities provided herein.

 

“Joint Venture”
means, with respect to any Person, a joint venture, partnership or other similar arrangement, whether in corporate, partnership or other
legal form, with another Person. For the avoidance of doubt, with respect to any Person, any Wholly-Owned Subsidiary of such Person shall
not constitute a Joint Venture of such Person.

 

“Junior Debt” shall have the
meaning assigned to it in Section 7.13.

 

“Junior Debt Payment” shall
have the meaning assigned to it in Section 7.13.

 

“Laws” shall mean any and all
federal, state, local and foreign statutes, laws, treaties, judicial decisions, regulations, ordinances, rules, judgments, orders, decrees,
official administrative pronouncements, codes, injunctions, permits, concessions, grants, franchises, governmental (or quasi-governmental)
agreements, governmental (or quasi-governmental) restrictions or determination of an arbitrator, court or other Governmental Authority
(including, for the avoidance of doubt, all laws related to Sanctions, Anti-Terrorism Laws and Anti-Corruption Laws), in each case, whether
now or hereafter in effect.

 

“L/C Application” shall mean
an application by Borrower to L/C Issuer, pursuant to a form approved by L/C Issuer, for the issuance of a Letter of Credit, that is submitted
to L/C Issuer at least five (5) Business Days prior to the requested issuance of such Letter of Credit.

 

“L/C Exposure” shall mean, as
of any date of determination, the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit as of such date and (b)
the aggregate amount of all unreimbursed obligations in respect of any drawn Letter of Credit at such time. The L/C Exposure of any Revolving
Lender at any time shall be its Pro Rata Share of the aggregate L/C Exposure at such time.

 

“L/C Honor Date” shall have
the meaning assigned to it in Section 2.2(h)(i).

 

“L/C Commitment” shall mean,
in the case of each L/C Issuer, such amounts as set forth on Annex A; provide that the L/C Commitment of any L/C Issuer may be
increased or decreased if agreed in writing between the Borrower and such Issuing Bank (each acting in its sole discretion) and notified
to the Administrative Agent.

 

“L/C Issuer” means Barclays,
Capital One, National Association, JPMorgan Chase Bank, N.A., Royal Bank of Canada, The Toronto-Dominion Bank, Truist Bank, and/or such
other Revolving Lender that becomes an “L/C Issuer” pursuant to Section 2.2(a). Each L/C Issuer may, in its discretion, arrange
for one or more Letters of Credit to be issued by Affiliates of such L/C Issuer, in which case the term “L/C Issuer” shall
include any such Affiliate with respect to Letters of Credit issued by such Affiliate.

 

“L/C Sublimit” has the meaning
assigned to it in Section 2.2(a).

 

“LCT Election” shall have the
meaning set forth in Section 1.3.

 

 

 

    	 	Schedule 1.1 - 33	 

     

    

 

“LCT Test Date” shall have the
meaning set forth in Section 1.3.

 

“Lender-Related Distress Event”
shall mean, with respect to any Lender or any Person that directly or indirectly controls such Lender (each, a “Distressed Person”),
(a) a voluntary or involuntary case with respect to such Distressed Person under Title 11 of the United States Code, any other Debtor
Relief Law or any similar bankruptcy Laws of its jurisdiction of formation, (b) a custodian, conservator, receiver or similar official
is appointed for such Distressed Person or any substantial part of such Distressed Person’s assets, (c) such Distressed Person is
subject to a forced liquidation, merger, sale or other change of majority control supported in whole or in part by guaranties or other
support (including, without limitation, the nationalization or assumption of majority ownership or operating control by) the U.S. government
or other Governmental Authority; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition
of any equity interests of a Distressed Person by a Governmental Authority so long as such ownership interest does not result in or provide
such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment
on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements
made with such Lender, (d) such Distressed Person makes a general assignment for the benefit of creditors or is otherwise adjudicated
as, or determined by any Governmental Authority having regulatory authority over such Distressed Person or its assets to be, insolvent
or bankrupt, (e) such Distressed Person becomes or is insolvent as determined by Administrative Agent or (f) such Distressed Person becomes
or is the subject of a Bail-in Action. For purposes of this definition, control of a Person shall have the same meaning as in the second
sentence of the definition of Affiliate.

 

“Lenders” shall mean the Persons
named on the signature pages of this Agreement, an Incremental Amendment or a Refinancing Amendment, as lenders, and, if any such Lender
shall assign all or any portion of the Commitments or Obligations in accordance with the terms of this Agreement, such term shall include
such assignee.

 

“Letter of Credit Fee” has the
meaning assigned to it in Section 2.2(d).

 

“Letter of Credit Obligations”
shall mean all outstanding obligations incurred by Administrative Agent and Revolving Lenders at the request of Borrower, whether direct
or indirect, contingent or otherwise, due or not due, in connection with the issuance of a support agreement, reimbursement agreement
or guaranty by Administrative Agent or Revolving Lenders with respect to any Letter of Credit. The amount of such Letter of Credit Obligations
shall equal the aggregate maximum face amount of all issued and outstanding Letters of Credit.

 

“Letters of Credit” shall mean
commercial or standby letters of credit issued for the account of Borrower or any Restricted Subsidiary of the Borrower by any L/C Issuer;
provided that any Letter of Credit issued for the account of any Restricted Subsidiary shall have the Borrower as a co-applicant;
provided further that no L/C Issuer shall be required to issue any Letters of Credit other than standby letters of credit. The
Existing Letters of Credit shall be deemed to be Letters of Credit issued hereunder.

 

“LIBO Rate” shall have the meaning
assigned to it in the definition of “Eurodollar Rate”.

 

“Lien” shall mean any mortgage
or deed of trust, pledge, hypothecation, collateral assignment, security deposit arrangement, lien, charge, security interest, easement
or encumbrance, or preference, priority or other security agreement or preferential arrangement having the practical effect of any of
the foregoing (including any lease or title retention agreement, any financing lease having substantially the same economic effect as
any of the foregoing, and the filing of, or agreement to give, any financing statement perfecting a security interest under the Code or
comparable Law of any jurisdiction).

 

“Limited Condition Transaction”
shall mean (i) any Permitted Acquisition or other Investment permitted hereunder by the Borrower or one or more of its Subsidiaries whose
consummation is not conditioned on the availability of, or on obtaining, third party financing or any asset sale, (ii) any debt payment
requiring irrevocable notice in advance of such debt payment and (iii) any Restricted Payment permitted hereunder requiring declaration
in advance thereof.

 

 

 

    	 	Schedule 1.1 - 34	 

     

    

 

“Litigation” shall have the
meaning assigned to it in Section 4.13.

 

“Loan Documents” shall mean
this Agreement, the Notes, the Fee Letter, any Applicable Intercreditor Agreement, any Incremental Amendment, the Security Documents and
all other agreements, instruments, documents and certificates entered into in connection therewith, in each case executed and delivered
by any Loan Party to, or in favor of, Administrative Agent and/or any Lender in connection with this Agreement or the transactions contemplated
hereby. Any reference in this Agreement or any other Loan Document to a Loan Document shall include all appendices, exhibits or schedules
thereto, and all amendments, restatements, amendments and restatements, supplements and/or other modifications thereto, and shall refer
to such agreement as the same may be in effect at any and all times such reference becomes operative. For the avoidance of doubt, Hedge
Agreements and Cash Management Agreements shall not constitute Loan Documents whether or not the obligations of any Loan Party thereunder
constitute Obligations for any purpose.

 

“Loan Modification” shall have
the meaning assigned to it in Section 12.2(a).

 

“Loan Party” shall mean the
Borrower and each Guarantor.

 

“Loans” shall mean the Advances,
the Term Loan, any Incremental Term Loans and, as the context may require, any portion of any or all of the foregoing.

 

“Material Adverse Effect” shall
mean any circumstance that would materially and adversely affect (a) the business, assets, operations or financial condition of the Loan
Parties and their Restricted Subsidiaries, taken as a whole, (b) the ability of the Loan Parties’, taken as a whole, to perform
their payment obligations in accordance with the terms of Loan Documents, or (c) the Administrative Agent’s rights and remedies
under this Agreement and the other Loan Documents, taken as a whole.

 

“Material Contract” means any
contract or other arrangement to which any Loan Party or any of its Restricted Subsidiaries is a party (other than the Loan Documents)
for which breach, nonperformance, cancellation or failure to renew would reasonably be expected to have a Material Adverse Effect.

 

“Material Indebtedness” shall
mean, as of any date of determination, any Indebtedness (other than Indebtedness consisting of the Obligations) of any Loan Party or any
Restricted Subsidiary in an individual outstanding principal amount exceeding the greater of (x) $15,000,000 and (y) 10%
of TTM Consolidated EBITDA as of such date.

 

“Material Intellectual Property”
shall mean shall mean any Intellectual Property or other strategic assets owned by, or exclusively licensed to, Holdings or any of its
Subsidiaries that is material to the business of Holdings and its Subsidiaries, taken as a whole.

 

“Material Real Estate” shall
mean a fee-owned Real Estate with the fair market value in the good faith determination of the Borrower in excess of $2,500,000 as of
the date of the acquisition thereof.

 

“Maximum Amount” shall mean,
at any particular time, with respect to the Revolving Loan, an amount equal to the Revolving Loan Commitments of all Revolving Lenders.

 

“Measurement Period” shall mean
any applicable period of four consecutive Fiscal Quarters.

 

“MFN Provision” shall have the
meaning assigned to it in Section 2.1(d)(v)(B).

 

 

 

    	 	Schedule 1.1 - 35	 

     

    

 

“Moody’s” shall mean Moody’s
Investors Service, Inc. and any successor entity thereof.

 

“Mortgaged Properties” shall
mean all Material Real Estate of the Loan Parties.

 

“Mortgages” shall mean each
of the mortgages and deeds of trust, collateral assignments of leases or other real estate security documents with respect to Material
Real Estate delivered by any Loan Party to Administrative Agent on behalf of itself and the other Secured Parties with respect to the
Mortgaged Properties, all in form and substance reasonably satisfactory to Administrative Agent, in each case as the same may be amended,
restated, amended and restated, supplemented and/or otherwise modified from time to time in accordance with its terms; provided
that, Mortgages may include a “Life-of-Loan” Federal Emergency Standard Flood Hazard Determination (together with a notice
about special flood hazard area status and flood disaster assistance duly executed by the Borrower and each Loan Party relating thereto),
and if such Mortgaged Property is located in a special flood hazard area, evidence of flood insurance confirming that such insurance has
been obtained to the extent required by this Agreement

 

“Multiemployer Plan” shall mean
a “multiemployer plan” as defined in Section 4001(a)(3) of ERISA, and to which any Loan Party or ERISA Affiliate is making,
is obligated to make, has made or been obligated to make, contributions on behalf of participants who are or were employed by any of them.

 

“Net Cash Proceeds” means, with
respect to any event, (a) the cash proceeds received in respect of such event, but only as and when received, including (x) in the case
of an asset disposition (including pursuant to a sale-leaseback transaction or in connection with a casualty loss or Condemnation Event),
any cash received in respect of any non-cash proceeds (including any cash payments received by way of deferred payment of principal pursuant
to a note or installment receivable or purchase price adjustment or earn-out, but excluding any reasonable interest payments), (y) in
the case of a casualty loss event, cash casualty insurance proceeds, and (z) in the case of a Condemnation Event, cash condemnation awards
and similar payments in connection therewith, minus (b) the sum of (i) all reasonable fees and expenses (including commissions,
discounts, transfer taxes and legal, accounting and other professional and transactional fees) paid or payable by Holdings or any Restricted
Subsidiary to third parties in connection with such event, (ii) in the case of an asset disposition (including pursuant to a sale-leaseback
transaction or in connection with a casualty loss or Condemnation Event), (I) the amount of payments made or required to be made in respect
of Indebtedness (other than Loans) secured by a prior lien on such asset or otherwise subject to mandatory prepayment (other than under
this Agreement) as a result of such event, or which by applicable law be repaid out of the proceeds of such asset disposition, casualty
loss or Condemnation Event and (II) the amount of any liabilities directly associated with such asset and retained by Holdings or any
Restricted Subsidiary, (iii) the amount of all Taxes (or Restricted Payments in respect of such Taxes) paid (or reasonably estimated to
be payable or accrued as a liability under GAAP) by Holdings or any Restricted Subsidiary as a result of such event, (iv) the amount of
any reserves established by Holdings or any Restricted Subsidiary to fund liabilities estimated to be payable as a result of such event
(as determined in good faith by the Borrower), (v) in the case of any asset disposition, casualty loss or Condemnation Event by or in
respect of a non-wholly-owned Restricted Subsidiary, the pro rata portion of the Net Cash Proceeds thereof (calculated without
regard to this clause (v)) attributable to minority interests and not available for distribution to or for the account of the Borrower
or any wholly-owned Restricted Subsidiary as a result thereof and (vi) any funded escrow established pursuant to the documents evidencing
any such sale or disposition to secure any indemnification obligations or adjustments to the purchase price associated with any such sale
or disposition.

 

“New Revolving Credit Commitment”
shall have the meaning assigned to it in Section 2.1(d)(i).

 

“Non-Public Information” means
information which has not been disseminated in a manner making it available to investors generally, within the meaning of Regulation FD.

 

“Notes” shall mean the Revolving
Notes and the Term Loan Notes, collectively, if any, to the extent issued (and not returned to Borrower for cancellation).

 

“Notice of Advance” shall have
the meaning assigned to it in Section 2.1(a)(i).

 

 

 

    	 	Schedule 1.1 - 36	 

     

    

 

“Notice of Conversion/Continuation”
shall have the meaning assigned to it in Section 2.5(e).

 

“Notice of Prepayment” shall
mean a Notice of Prepayment delivered by the Borrower as required by Section 2.3(a), in form and substance substantially similar
to Exhibit 2.3(a) attached hereto or such other form as shall be approved by Administrative Agent in its reasonable discretion.

 

“Notice of Term Loan” shall
have the meaning assigned to it in Section 2.1(b)(i).

 

“Obligations” shall mean (a)
all loans, advances, debts, liabilities and obligations of any Loan Party in respect of Loans or Letters of Credit or arising under the
Loan Documents, including for the performance of covenants, tasks or duties or for payment of monetary amounts (whether or not such performance
is then required or contingent, or such amounts are liquidated or determinable) owing by any Loan Party or any of its Restricted Subsidiaries
to Administrative Agent, any L/C Issuer in respect of Letter of Credit Obligations incurred pursuant to the terms hereof or any Lender,
and all covenants and duties regarding such amounts, of any kind or nature, present or future, whether or not evidenced by any note, in
all cases, including all principal, interest, fees, expenses and other amounts which accrue after the commencement of any case or proceeding
in bankruptcy, or for the reorganization of any Loan Party, whether or not allowed in such proceeding, in each case to the extent arising
under this Agreement or any of the other Loan Documents and (b) all obligations, liabilities and indebtedness owing to any Eligible Counterparty
with respect to any Hedge Agreement or Cash Management Agreement to which such Eligible Counterparty has provided written notice of such
Hedge Agreement or Cash Management Agreement to the Administrative Agent, as the case may be, together with such supporting documentation
as the Administrative Agent may reasonably request from the applicable Eligible Counterparty; provided, however, that Obligations
of any Guarantor thereunder shall not include any Excluded Rate Contract Obligations of such Guarantor.

 

“Obligee Guarantor” has the
meaning set forth in Section 13.7.

 

“OFAC” has the meaning specified
in the definition of Sanctions.

 

“OID” shall mean any original
issue discount.

 

“Organization Documents” shall
mean, (a) with respect to any corporation, the certificate or articles of incorporation and the bylaws (or equivalent or comparable constitutive
documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability company, the certificate or articles of
formation or organization and operating agreement; and (c) with respect to any partnership, joint venture, trust or other form of business
entity, the partnership, joint venture or other applicable agreement of formation or organization and any agreement, instrument, filing
or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental Authority in the
jurisdiction of its formation or organization and, if applicable, any certificate or articles of formation or organization of such entity.

 

“Original Obligations” has the
meaning assigned to the term “Obligations” in the Existing Credit Agreement.

 

“Other Connection Taxes” shall
mean, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction
imposing such Tax (other than connections arising 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).

 

 

 

    	 	Schedule 1.1 - 37	 

     

    

 

“Other Revolving Loans” shall
mean Incremental Revolving Loan Commitments established under a New Revolving Credit Commitment.

 

“Other Taxes” shall mean 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 a request by the Borrower).

 

“Other Term Loans” shall mean
Incremental Term Loans incurred under an Incremental Term Facility.

 

“Other Term Loan Commitment”
shall mean Incremental Term Commitments established under an Incremental Term Facility.

 

“Participating Lender” shall
have the meaning assigned to such term in the definition of “Dutch Auction”.

 

“PBGC” shall mean the Pension
Benefit Guaranty Corporation or any successor thereto.

 

“Pension Plan” means any Plan,
other than a Multiemployer Plan, which is subject to Section 412 or Section 430 of the IRC or Section 302 of ERISA.

 

“Perfection Certificate” shall
mean the Perfection Certificate, dated as of the Effective Date executed by the Loan Parties in favor of Administrative Agent.

 

“Permitted Acquisition” means
any Post-Closing Acquisition by the Borrower or any Restricted Subsidiary, in each instance, to the extent that each of the following
conditions shall have been satisfied:

 

(a)              
subject to Section 1.3 in the case of any Permitted Acquisition that is a Limited Condition Transaction, no Event of Default
shall then exist or would exist immediately after giving effect thereto;

 

(b)              
the Loan Parties shall be in compliance with the financial covenant set forth in Section 7.10 (to the extent then in effect);

 

(c)              
immediately after giving Pro Forma Effect to any such acquisition and any related transaction and all customary pro forma events
and adjustments, the Loan Parties shall be in compliance with Section 6.12;

 

(d)              
if the Borrower or any of its Restricted Subsidiaries acquires the majority of the Stock of any Person in connection with such
acquisition, the Borrower shall comply with any applicable terms of Section 6.11 within the time periods set forth therein after
the consummation of such acquisition.

 

 

 

    	 	Schedule 1.1 - 38	 

     

    

 

“Permitted Encumbrances” shall
mean the following encumbrances: (a) Liens for Taxes or assessments or other governmental charges not yet due and payable or which are
being contested in good faith by appropriate proceedings and for which adequate reserves have been established in accordance with GAAP;
(b) pledges or deposits of money securing obligations under workmen’s compensation, unemployment insurance, social security or public
liability Laws or similar legislation in the ordinary course of business; (c) pledges or deposits of money securing contracts (other than
contracts for the payment of money) or leases to which any Loan Party or any of its Restricted Subsidiaries is a party as lessee made
in the ordinary course of business; (d) deposits of money securing statutory obligations of any Loan Party or any of its Restricted Subsidiaries
in the ordinary course of business; (e) statutory workers’, mechanics’, landlords’, repairmen’s, workmen’s,
materialmen’s or similar liens arising in the ordinary course of business and are not overdue by more than 60 days or are being
contested in good faith by appropriate proceedings and for which adequate reserves have been established in accordance with GAAP; (f)
carriers’, warehousemen’s, suppliers’ or other similar possessory liens arising in the ordinary course of business so
long as such Liens are not overdue by more than 60 days or are being contested in good faith by appropriate proceedings and for which
adequate reserves have been established in accordance with GAAP; (g) deposits securing, or in lieu of, surety, appeal or performance bonds
in proceedings to which any Loan Party or any of its Restricted Subsidiaries is a party; (h) any attachment or judgment lien not constituting
an Event of Default under Section 9.1(j); (i) zoning restrictions, easements, rights of way, encroachments, licenses, or other
restrictions on the use of any Real Estate or other minor defects or irregularities in title (including leasehold title) thereto, so long
as the same do not materially impair the use, value, or marketability of such Real Estate; (j) presently existing or hereafter created
Liens in favor of Administrative Agent, on behalf of itself and the other Secured Parties; (k) Liens not otherwise described in this definition
in existence on the date hereof and summarized on Schedule 7.7, including replacement Liens on the property subject to such Lien
(but only such property) in connection with a refinancing of the underlying Indebtedness not in violation of this Agreement; (l) Liens
created after the date hereof by conditional sale or other title retention agreements (including Capital Leases) or in connection with
purchase money Indebtedness with respect to Equipment and Fixtures acquired by any Loan Party or any of its Restricted Subsidiaries in
the ordinary course of business or in connection with Indebtedness for the acquisition, construction or improvement of any fixed or capital
assets by any Loan Party or any of its Restricted Subsidiaries, plus any unpaid capitalized fees, expenses and interest thereon
outstanding at any one time for all such Liens (provided that, in the case of purchase money debt, such Liens attach only to the
assets subject to such purchase money debt and such Indebtedness is incurred within forty-five (45) days following such purchase and does
not exceed one hundred percent (100%) of the purchase price of the subject assets); (m) precautionary Code financing statement filings
regarding operating leases; (n) leases or subleases of real or personal property granted to other Persons (as lessee thereof) not materially
interfering with the conduct of the business of any Loan Party or any Restricted Subsidiary of a Loan Party; (o) (1) Liens on deposit
accounts and securities accounts granted or arising in the ordinary course of business in favor of depositary banks and securities intermediaries
maintaining such deposit accounts or securities accounts solely to secure customary account fees and charges payable in respect of such
deposit accounts and securities accounts and overdrafts not in violation of this Agreement and (2) Liens arising solely by virtue of any
statutory or common law provision relating to bankers’ liens, rights of setoff or similar rights and remedies as to deposit accounts
or other funds maintained with a creditor depository institution; (p) Liens in favor of collecting banks arising under Section 4-210 of
the Code; (q) Liens in favor of insurers (or other Persons financing the payment of insurance premiums) securing Indebtedness of the type
described in and permitted under Section 7.3 hereof financing the premiums payable in respect of insurance policies issued by such
insurers; provided that such Liens attach solely to returned premiums in respect of such insurance policies and the proceeds of
such policies; (r) Liens on deposits posted pursuant to Hedge Agreements to secure obligations thereunder to the extent such Hedge Agreements
are permitted hereunder; (s) Liens associated with letters of credit permitted pursuant to Section 7.3(xxii) including those Letters
of Credit existing on the Effective Date; (t) other Liens not described above securing obligations other than Indebtedness; provided
that the aggregate outstanding amount of the obligations secured thereby does not exceed $1,000,000 and (u) any interest or title of a
lessor or sublessor or licensor or sublicensor under any lease or license (including intellectual property) so long as it does not materially
interfere with business operations.

 

“Permitted Lien” means each
of the Liens permitted pursuant to Section 7.7.

 

 

 

    	 	Schedule 1.1 - 39	 

     

    

 

“Permitted Ratio Debt” shall
mean senior, senior subordinated, senior unsecured, junior lien or subordinated Indebtedness; provided that such Permitted Ratio
Debt shall (a) in the case of syndicated term loans secured by a Lien on the Collateral on a pari passu basis with respect to any then-existing
Term Loans, shall have the benefit of the MFN Provision (with each reference therein to “Incremental Term Loans” being deemed
to be a reference to “Permitted Ratio Debt”); (b) shall (i) mature no earlier than the latest maturity date of any then-existing
Term Loans and (ii) have a weighted average life to maturity no shorter than the remaining weighted average life to maturity of any then-existing
Term Loans (without giving effect to any prepayments that would otherwise modify the weighted average life to maturity of such Term Loans);
provided that, at the option of the Borrower, this clause (b) shall not apply to Permitted Ratio Debt in an aggregate outstanding principal
amount of up to the Incremental Maturity Carveout as in effect immediately prior to the incurrence of such Permitted Ratio Debt; (c) (i)
may provide for the ability of the lenders thereunder to participate on a pro rata basis, a less than pro rata basis or a greater than
pro rata basis in any voluntary prepayments of any then-existing Term Loans and (ii) may provide for the ability of the lenders thereunder
to participate on a pro rata basis or a less than pro rata basis (but not on a greater than pro rata basis) in any mandatory prepayments
of any then-existing Term Loans, in each case, as specified in the definitive documentation evidencing such Permitted Ratio Debt; and
(d) to the extent secured or subordinated in right of payment, be subject to customary intercreditor arrangements reasonably satisfactory
to the Administrative Agent, including by entry to an Applicable Intercreditor Agreement.

 

“Permitted Holders” means Howard
G. Berger, M.D., any other individual having a relationship by blood, marriage (including former spouses), domestic partnership (including
former domestic partners) or adoption to such individual, and any trusts or other estate planning vehicles established for the benefit
of any of the foregoing individuals.

 

“Person” shall mean any individual,
sole proprietorship, partnership, Joint Venture, trust, unincorporated organization, association, corporation, limited liability company,
institution, public benefit corporation, other entity or government (whether federal, state, county, city, municipal, local, foreign,
or otherwise, including any instrumentality, division, agency, body or department thereof).

 

“Plan” shall mean, at any time,
an employee benefit plan, as defined in Section 3(3) of ERISA, which any Loan Party maintains, contributes to or has an obligation to
contribute to on behalf of participants who are or were employed by any Loan Party (or, if such plan were terminated at such time, would
under Section 4069 of ERISA be deemed to be an employee benefit plan of such Loan Party).

 

“Pledge and Security Agreement”
means that certain Amended and Restated Pledge and Security Agreement dated as of the Effective Date among the Borrower, each Grantor
party thereto and the Collateral Agent, as it may be amended, restated, supplemented or otherwise modified from time to time.

 

“Post-Closing Acquisition” shall
mean any transaction or series of related transactions (including, for the avoidance of doubt, pursuant to the implementation of a “friendly
physician” or similar structure) for the purpose of or resulting, directly or indirectly, in (a) the acquisition of all or substantially
all of the assets of a Person, or of any business or division of a Person, (b) the acquisition of in excess of fifty percent (50%) of
the Stock of any Person or otherwise causing any Person to become a Restricted Subsidiary of the Borrower, or (c) a merger or consolidation
or any other combination with another Person. For purposes of this definition, the term “Person” shall not include the Borrower
or any Restricted Subsidiary of the Borrower.

 

“Prime Rate” means the rate
of interest last quoted by The Wall Street Journal as the “Prime Rate” in the United States or, if The Wall Street Journal
ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal Reserve Statistical Release
H.15 (519) (Selected Interest Rates) as the “bank prime loan” rate or, if such rate is no longer quoted therein, any similar
rate quoted therein (as determined by the Administrative Agent) or any similar release by the Federal Reserve Board (as determined by
the Administrative Agent).

 

 

 

    	 	Schedule 1.1 - 40	 

     

    

 

“Pro Forma Basis” and “Pro
Forma Effect” shall mean, with respect to compliance with any test or covenant, that Consolidated Adjusted EBITDA and/or TTM
Consolidated EBITDA, as the case may be, shall be calculated (a) as described in Section 1.4 and (b) by giving effect to (i) additional
addbacks and (ii) pro forma adjustments, without duplication for any addbacks otherwise added back in Consolidated Adjusted EBITDA, which
are reflected in a quality of earnings report or any due diligence financial review conducted by an accounting firm or other financial
advisors retained by the Borrower and reasonably acceptable to Administrative Agent (it being understood and agreed that BDO is acceptable
to Administrative Agent), or otherwise reasonably satisfactory to Administrative Agent and, in each case, as if such Specified Transaction,
synergies, cost savings, fees, costs or expenses had occurred at the beginning of the applicable period.

 

“Pro Rata Share” shall mean
(a) with respect to all matters relating to any Lender exclusively with respect to the Revolving Loan Commitments, the percentage obtained
by dividing (i) the Revolving Loan Commitment of that Lender by (ii) the aggregate Revolving Loan Commitments of all Lenders (provided,
after the Revolving Loan Commitments have expired or been terminated, the applicable outstanding balances of Advances and Letter of Credit
Obligations held by such Lender and all the Lenders, respectively, shall be used in lieu of the Revolving Loan Commitment in both clauses
(i) and (ii)), (b) with respect to all matters relating to any Lender exclusively with respect to the Initial Term Loan, the percentage
obtained by dividing (i) the Initial Term Loan Commitment of that Lender by (ii) the aggregate Initial Term Loan Commitments of all Lenders
(provided, after the Effective Date, the applicable outstanding principal balances of the Initial Term Loan held by such Lender
and all Lenders, respectively, shall be used in lieu of the Initial Term Loan Commitment in both clauses (i) and (ii)), (c) [reserved],
(d) with respect to all matters relating to any Lender exclusively with respect to a particular tranche of Incremental Term Loans, the
percentage obtained by dividing (i) the Incremental Term Loan Commitment of that Lender with respect to such tranche by (ii) the aggregate
Incremental Term Loan Commitments of all Lenders with respect to such tranche (provided, after the funding of such Incremental
Term Loan Commitments, the applicable outstanding principal balances of the Incremental Term Loans held by such Lender and all Lenders,
respectively, with respect to such tranche shall be used in lieu of the Incremental Term Loan Commitments related thereto in both clauses
(i) and (ii)) and (e) with respect to any other matters set forth in the Agreement and other Loan Documents, the percentage obtained by
dividing (i) the Commitments of that Lender by (ii) the aggregate Commitments of all Lenders (provided, (A) after the Revolving
Loan Commitments have expired or been terminated, the applicable outstanding balances of Advances and Letter of Credit Obligations held
by such Lender and all Lenders, respectively, shall be used in lieu of the Revolving Loan Commitment in both clauses (i) and (ii), and
(B) after the Effective Date (for the Initial Term Loans) or the funding of any Incremental Term Loan Commitments (for the applicable
Incremental Term Loans), the applicable outstanding principal balances of the Initial Term Loans and Incremental Term Loans held by such
Lender and all Lenders, respectively, shall be used in lieu of the Initial Term Loan Commitments and Incremental Term Loan Commitments
in both clauses (i) and (ii)), in each case as any such percentages may be adjusted by assignments permitted pursuant to Section 10.1.

 

“Projections” means shall mean
the financial projections that were prepared by the Borrower in connection with the consummation of the transactions contemplated hereby
and delivered to the Administrative Agent prior to the Effective Date.

 

“Pronet” means Pronet Imaging
Medical Group, Inc., a California corporation.

 

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

 

“Qualified ECP Guarantor” means,
in respect of any Swap Obligation under a Hedge Agreement included in the Obligations, each Loan Party that has total assets exceeding
$10,000,000 at the time the relevant guarantee or grant of the relevant security interest becomes effective with respect to such Swap
Obligation under such Hedge Agreement or such other Person as constitutes an “eligible contract participant” under the Commodity
Exchange Act and can cause another Person to qualify as an “eligible contract participant” at such time by entering into a
keepwell under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.

 

 

 

    	 	Schedule 1.1 - 41	 

     

    

 

“Qualified Stock” shall mean
any Stock that is not Disqualified Stock.

 

“Qualifying Bid” has the meaning
assigned to such term in the definition of “Dutch Auction”.

 

“Rating Agencies” means Moody’s,
S&P or one or more other nationally recognized rating agencies.

 

“Ratio Based Incremental Amount”
shall have the meaning assigned to such term in the definition of “Incremental Cap”.

 

“Real Estate” shall mean all
of the real property owned, leased, subleased or used by any Loan Party or any Restricted Subsidiary.

 

“Recipient” means (a) the Administrative
Agent, (b) any Lender, (c) any Swingline Lender, or (d) any L/C Issuer, as applicable.“Refinanced Debt” shall have
the meaning assigned to such term in the definition of “Credit Agreement Refinancing Indebtedness”.

 

“Refinancing” shall have the
meaning assigned to such term in the recitals to this Agreement.

 

“Refinancing Amendment” shall
have the meaning assigned to such term in Section 2.1(g)(ii).

 

“Refinancing Debt” shall mean
refinancings, renewals, or extensions of Indebtedness so long as: (a) such refinancings, renewals, or extensions do not result in an increase
in the principal amount of the Indebtedness so refinanced, renewed, or extended (other than attributable to the accretion of original
issue discount, interest, capitalization of interest or payment premiums in respect of the Indebtedness being re-financed and costs and
expenses related thereto), (b) such refinancings, renewals, or extensions do not result in a shortening of the average weighted maturity
of the Indebtedness so refinanced, renewed, or extended, (c) if the Indebtedness that is refinanced, renewed, or extended was subordinated
in right of payment to any of the Obligations, then the terms and conditions of the refinancing, renewal, or extension must include subordination
terms and conditions that are at least as favorable to the Lenders and Administrative Agent as those that were applicable to the refinanced,
renewed, or extended Indebtedness, (d) if the Indebtedness that is refinanced, renewed or extended is unsecured, then the refinancing,
renewal or extension Indebtedness must also be unsecured, and (e) the refinancing, renewal or extension is non-recourse to any Loan Party
other than any Loan Party which was obligated with respect to the Indebtedness that was refinanced, renewed, or extended.

 

“Refinancing Facilities” shall
mean (a) credit facilities that will be secured by a Lien on the Collateral on a pari passu basis with the Facilities or (b) junior
lien secured credit facilities that will be secured on a junior basis to the Facilities or (c) unsecured or subordinated credit facilities,
in each case, that refinance Indebtedness outstanding under the Loan Documents.

 

“Refinancing Notes” shall mean
(a) notes that will be secured by a Lien on the Collateral on a pari passu basis with the Facilities or (b) junior lien secured
notes that will be secured on a junior basis to the Facilities or (c) unsecured notes, in each case, that refinance Indebtedness outstanding
under the Loan Documents.

 

“Refinancing Revolving Loan Commitments”
shall mean one or more tranches of revolving loan commitments hereunder that result from a Refinancing Amendment.

 

“Refinancing Revolving Loans”
shall mean one or more tranches of Revolving Loans that result from a Refinancing Amendment.

 

“Refinancing Term Loans” shall
mean one or more tranches of Term Loans that result from a Refinancing Amendment.

 

 

 

    	 	Schedule 1.1 - 42	 

     

    

 

“Register” shall have the meaning
assigned to it in Section 10.1(c).

 

“Related Indemnified Person”
shall mean (1) any controlling person or controlled affiliate of such Indemnified Person, (2) the respective directors, officers, or employees
of such Indemnified Person or any of its controlling persons or controlled affiliates and (3) the respective agents or representatives
of such Indemnified Person or any of its controlling persons or controlled affiliates, in the case of this clause (3), acting on behalf
of or at the instructions of such Indemnified Person, controlling person or such controlled affiliate; provided, that each reference
to a controlled affiliate, director, officer or employee in this sentence pertains to a controlled affiliate, director, officer or employee
involved in the Loan Documents. For the purposes of this definition, “control” of a Person means the possession, directly
or indirectly, of the power to direct or cause the direction of its management or policies, whether through the ownership of voting securities,
by contract or otherwise.

 

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

 

“Release” shall mean any release,
threatened release, spill, emission, leaking, pumping, pouring, emitting, emptying, escape, injection, deposit, disposal, discharge, dispersal,
dumping, leaching or migration of Hazardous Material in the indoor or outdoor environment, including the movement of Hazardous Material
through or in the air, soil, surface water, ground water or property.

 

“Relevant Governmental Body”
means the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or a committee officially
endorsed or convened by the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or any successor
thereto.

 

“Replacement Lender” shall have
the meaning assigned to it in Section 10.9(f).

 

“Reply Amount” has the meaning
assigned to such term in the definition of “Dutch Auction”.

 

“Reply Discount” has the meaning
assigned to such term in the definition of “Dutch Auction”.

 

“Repricing Event” shall mean
(a) any prepayment or repayment (excluding any mandatory prepayment, other than any mandatory prepayment pursuant to Section 2.3(b)(iii))
of any Initial Term Loans, in whole or in part, with the proceeds of, or any conversion of any portion of the Initial Term Loans into,
any new or replacement tranche of syndicated term loans secured by a Lien on the Collateral on a pari passu basis with respect to any
then-existing Initial Term Loans which reduces the All-In Yield applicable to such Term Loans, as the case may be, or (b) any amendment
to this Agreement the primary purposes of which is to reduce the All-In Yield applicable to any Term Loans; provided that any prepayment,
repayment, refinancing or repricing of Initial Term Loans in connection (i) with an acquisition or Investment (A) that is not permitted
under this Agreement (including Section 7.2) or (B) that is financed with the proceeds of Indebtedness not permitted under this
Agreement (including Section 7.3), or (ii) a Change of Control, in each case shall not constitute a Repricing Event.

 

“Required Financial Statements”
shall have the meaning assigned to it in Section 3.1(m).

 

“Requirement of Law” shall mean,
as to any Person, such Person’s organizational documents, and any Law applicable to or binding upon such Person or any of its property
or to which such Person or any of its property is subject.

 

 

 

    	 	Schedule 1.1 - 43	 

     

    

 

“Requisite Lenders” shall mean
Lenders having more than fifty percent (50%) of the sum of the Revolving Loan Commitments of all Lenders (or of the aggregate outstanding
amount of the Revolving Loan if the Revolving Loan Commitments have expired or been terminated) plus the aggregate outstanding principal
balance of the Term Loan of all Lenders plus the aggregate outstanding principal balance of the Incremental Term Loans of all Lenders;
provided, that if there are two or more Lenders, then Requisite Lenders shall include at least two Lenders (Lenders that are Affiliates
or Approved Funds of one another being considered as one Lender for purposes of this proviso).

 

“Requisite Revolving Lenders”
shall mean Revolving Lenders having more than fifty percent (50%) of the Revolving Loan Commitments and L/C Exposure of all Revolving
Lenders (or of the aggregate outstanding amount of the Revolving Loan if the Revolving Loan Commitments have expired or been terminated);
provided that if there are two or more Revolving Lenders, then Requisite Revolving Lenders shall include at least two Revolving
Lenders (Revolving Lenders that are Affiliates or Approved Funds of one another being considered as one Revolving Lender for purposes
of this proviso).

 

“Resolution Authority”: an EEA
Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.

 

“Responsible Officer” shall
mean the chief executive officer, chief financial officer, treasurer or the president of the Borrower or other applicable Loan Party or
any other officer having substantially the same authority and responsibility.

 

“Restricted Payment” shall mean
(a) any dividend or other distribution (whether in cash, securities or other property, other than in the form of Qualified Stock) with
respect to any Stock in the Borrower or any Restricted Subsidiary or (b) any payment (whether in cash, securities or other property, other
than in the form of Qualified Stock), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement,
acquisition, cancelation or termination of any Stock in the Borrower or any Restricted Subsidiary (including, for the avoidance of doubt
on account of any option, warrant or other right to acquire any such Stock in the Borrower or any Restricted Subsidiary), other than the
payment of compensation in the ordinary course of business to holders of any such Stock who are employees of Holdings or any Subsidiary.

 

“Restricted Subsidiary” means
any Subsidiary of the Administrative Borrower other than an Unrestricted Subsidiary.

 

“Return” shall mean, with respect
to any Investment, any dividend, distribution, interest, fee, premium, return of capital, repayment of principal, income, profit (from
a disposition or otherwise) and any other amount received or realized in respect thereof.

 

“Return Bid” has the meaning
assigned to such term in the definition of “Dutch Auction”.

 

“Revolver Obligations” shall
mean any Obligations with respect to the Revolving Loan (including, without limitation, the principal thereof, the interest thereon, all
fees and reasonable and documented out-of-pocket expenses specifically related thereto and all Letter of Credit Obligations).

 

“Revolving Commitment Increase”
shall have the meaning assigned to it in Section 2.1(d)(i).

 

“Revolving Exposure” shall mean,
as of any date of determination, the sum of (a) the aggregate principal amount of the Revolving Loans outstanding as of such date, (b)
the L/C Exposure as of such date and/or (c) Swingline Exposure at such date. The Revolving Exposure of any Revolving Lender at any time
shall be its Pro Rata Share of the Revolving Exposure at such time.

 

 

 

    	 	Schedule 1.1 - 44	 

     

    

 

“Revolving Lenders” shall mean,
as of any date of determination, each Lender having a Revolving Loan Commitment or, if the Revolving Loan Commitments have expired or
been terminated, holding an interest (including a participation interest in any Letter of Credit Obligations) in the Revolving Loan.

 

“Revolving Loan” shall mean
as the context may require, at any time, the sum of (i) the aggregate amount of Advances outstanding to Borrower plus (ii) the
aggregate Letter of Credit Obligations incurred on behalf of Borrower.

 

“Revolving Loan Commitment”
shall mean, as of any date of determination, (a) as to any Lender, the aggregate commitment of such Lender to make Advances and/or incur
Letter of Credit Obligations as set forth on Annex A hereto or in the most recent Assignment and Acceptance Agreement to which
it is a party (as adjusted to reflect any assignments as permitted hereunder), as the same may be (i) permanently reduced from time to
time pursuant to Section 2.3(a), (ii) increased from time to time in connection with a Revolving Commitment Increase under Section
2.1(d), (iii) refinanced or extended from time to time pursuant to Section 2.1(g) or 12.2(d), respectively, and/or (iv)
reduced or increased from time to time pursuant to assignments by or to such Revolving Lender pursuant to Section 10.1; and (b)
as to all Lenders, the aggregate commitment of all Lenders to make Advances and/or incur Letter of Credit Obligations, which aggregate
commitment shall be $195,000,000 on the Effective Date, as such amount may be adjusted, if at all, from time to time in accordance
with this Agreement.

 

“Revolving Note” shall mean
a Revolving Note, substantially in the form of Exhibit 2.13(a), which, after execution and delivery to the applicable Revolving
Lender, shall be in the principal amount of the Revolving Loan Commitment thereof and shall represent the obligation of Borrower to pay
the amount of such Revolving Lender’s Revolving Loan Commitment or, if less, the applicable Revolving Lender’s Pro Rata Share
of the aggregate unpaid principal amount of all Advances thereto together with interest thereon as prescribed in Section 2.5.

 

“S&P” shall mean Standard
& Poor’s Rating Services and any successor entity thereof.

 

“Sanctioned Country” shall mean,
at any time, a country or territory that is subject to comprehensive Sanctions. For the avoidance of doubt, as of the Effective Date,
Sanctioned Countries are the Crimea region of Ukraine, Cuba, Iran, North Korea and Syria.

 

“Sanctioned Person” shall mean,
at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign Assets Control
of the U.S. Department of the Treasury or the U.S. Department of State, or by the United Nations Security Council, the European Union
or any EU member state, (b) any Person located, organized or resident in a Sanctioned Country or (c) any Person owned or controlled by
any such Person.

 

“Sanctions” means economic or
financial sanctions or trade embargoes imposed, administered or enforced from time to time by U.S. Governmental Authorities (including,
but not limited to, the Office of Foreign Assets Control (“OFAC”), the U.S. Department of State and the U.S. Department
of Commerce), the United Nations Security Council, the European Union, Her Majesty’s Treasury or any other relevant Governmental
Authority.

 

“Secured Parties” shall mean,
collectively, (a) the Administrative Agent, the Lenders, the L/C Issuers and the Swingline Lender and (b) each Eligible Counterparty holding
an Obligation, and “Secured Party” shall mean each such Person individually.

 

“Securities Account” has the
meaning set forth in the Code.

 

 

 

    	 	Schedule 1.1 - 45	 

     

    

 

“Securities Account Control Agreement”
has the meaning set forth in the Pledge and Security Agreement.

 

“Security Documents” means the
Pledge and Security Agreement, the Mortgages, the Intellectual Property Security Agreements and all other instruments, documents and agreements
delivered by any Loan Party pursuant to this Agreement or any of the other Loan Documents in order to grant to the Collateral Agent, for
the benefit of Secured Parties, a Lien on any assets or property of that Loan Party as security for the Obligations, including UCC financing
statements and amendments thereto and filings with the U.S. Patent and Trademark Office and the U.S. Copyright Office.

 

“Senior Secured Net Leverage Ratio”
shall mean, as of any date of determination, the ratio of (a) Consolidated Total Secured Indebtedness as of such date to (b) Consolidated
Adjusted EBITDA for the Measurement Period ended prior to the applicable date of determination for which Financial Statements were required
to be delivered.

 

“Significant Subsidiary” means
any Subsidiary of the Borrower that would be a “significant subsidiary” as defined in Article 1, Rule 1-02 of Regulation S-X,
promulgated pursuant to the Securities Act, as such regulation is in effect on the Effective Date.

 

“SOFR” means,
with respect to any Business Day, a rate per annum equal to the secured overnight financing rate for such Business Day published by the
SOFR Administrator on the SOFR Administrator’s Website.

 

“SOFR Administrator” means
the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate).

 

“SOFR Administrator’s Website”
means the website of the Federal Reserve Bank of New York, currently at http://www.newyorkfed.org, or any successor source for
the secured overnight financing rate identified as such by the SOFR Administrator from time to time.

 

“Solvent” shall mean, with respect
to any Person individually, or group of Persons taken together on a combined basis, as applicable, on a particular date, that on such
date (a) the sum of the debt (including contingent liabilities) of such Person or group, taken as a whole, does not exceed the present
fair saleable value (on a going concern basis) of the assets of such Person or group, taken as a whole; (b) the capital of such Person
or group, taken as a whole, is not unreasonably small in relation to the business of such Person or group, taken as a whole; and (c) such
Person or group, taken as a whole, do not intend to incur, or believe that they will incur, debts including current obligations beyond
their ability to pay such debt as they mature in the ordinary course of business. The amount of contingent liabilities (such as litigation,
guarantees and pension plan liabilities) at any time shall be computed as the amount which, in light of all the facts and circumstances
existing at the time, represents the amount which can be 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 Event of Default”
shall mean an Event of Default under Section 9.1(a), (h) or (i).

 

“Specified Transaction” shall
mean (a) the Refinancing and the other transactions contemplated by this Agreement to occur on the Effective Date and (b) any Permitted
Acquisition or other Investment, asset sale or disposition outside the ordinary course of business, incurrence or payment of Indebtedness,
Restricted Payment or other transaction, in each case, permitted by this Agreement.

 

“Starter Basket Amount” shall
have the meaning specified in the definition of “Incremental Cap”.

 

 

 

    	 	Schedule 1.1 - 46	 

     

    

 

“Stock” shall mean all shares,
options, warrants, general or limited partnership interests, membership interests or other equivalents (regardless of how designated)
of or in a corporation, partnership, limited liability company or equivalent entity whether voting or nonvoting, including common stock,
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 Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended).

 

“Subordinated Indebtedness”
shall mean Indebtedness of Holdings or any Subsidiary that is by its terms expressly subordinated in right of payment to the Obligations
of Holdings or such Subsidiary, as applicable.

 

“Subject Transaction” has the
meaning set forth in the definition of Consolidated Adjusted EBITDA.

 

“Subsidiary” shall mean, with
respect to any Person, any corporation, partnership, limited liability company, association, joint venture or other business entity of
which more than 50.0% of the total voting power of shares of stock or other ownership interests entitled (without regard to the occurrence
of any contingency) to vote in the election of the Person or Persons (whether directors, managers, trustees or other Persons performing
similar functions) having the power to direct or cause the direction of the management and policies thereof is at the time owned or controlled,
directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof, but excluding
(i) any Consolidated Joint Venture and (ii) any Unconsolidated Joint Venture; provided, that in determining the percentage of ownership
interests of any Person controlled by another Person, no ownership interest in the nature of a “qualifying share” of the former
Person shall be deemed to be outstanding.

 

“Subsidiary Guarantor” shall
mean a Domestic Subsidiary of the Borrower that is a Guarantor (other than Holdings, Beverly, Beverly Radiology and Pronet) and with respect
to which the Borrower and such Subsidiary have complied (or have caused compliance) with Section 6.11, and shall expressly exclude
each Excluded Subsidiary.

 

“Swap Obligation” shall mean,
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.

 

“Swingline Exposure” means,
at any time, the aggregate principal amount of all Swingline Loans outstanding at such time. The Swingline Exposure of any Revolving Lender
at any time shall be its Pro Rata Share of the aggregate Swingline Exposure at such time.

 

“Swingline Lender” means Barclays,
in its capacity as lender of Swingline Loans hereunder, together with its successors in such capacity or any other consenting Revolving
Lender reasonably approved by the Administrative Agent and the Borrower.

 

“Swingline Loan” means a Loan
made pursuant to Section 2.1(h).

 

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

 

“Term Loan Commitment” shall
mean (a) as to any Lender with an Initial Term Loan Commitment or an Incremental Term Loan Commitment, the commitment of such Lender to
make its Pro Rata Share of either or both of such Term Loans as set forth on the signature page to this Agreement or the Incremental Amendment
(as adjusted to reflect any assignments as permitted hereunder) and (b) as to all Lenders with an Initial Term Loan Commitment or an Incremental
Term Loan Commitment, the aggregate commitment of all Lenders to make the Term Loans.

 

 

 

    	 	Schedule 1.1 - 47	 

     

    

 

“Term Loan Increase” shall have
the meaning assigned to it in Section 2.1(d)(i).

 

“Term Loan Lenders” shall mean,
as of any date of determination, all Lenders having a Term Loan Commitment or holding all or any portion of the outstanding Term Loan.

 

“Term Loan Maturity Date” shall
mean April 23, 2028, as such date may be extended from time to time in accordance with the terms hereof.

 

“Term Loan Note” shall mean
a Term Loan Note, substantially in the form of Exhibit 2.13(b)(i), which, after execution and delivery to the applicable Term Loan
Lender, shall be in the principal amount of the Term Loan Commitment thereof (or the aggregate outstanding principal balance of the Term
Loan held by such Lender) and shall represent the obligation of Borrower to pay the amount of such Term Loan Lender’s Term Loan
Commitment thereto (or the aggregate outstanding principal balance of the Term Loan held by such Lender) together with interest thereon
as prescribed in Section 2.5.

 

“Term Loan Obligations” shall
mean any Obligation with respect to the Initial Term Loans (including, without limitation, the principal thereof, the interest thereon
and all fees and reasonable and documented out-of-pocket expenses specifically related thereto).

 

“Term Loans” shall mean, collectively,
the Initial Term Loan and, unless the context or an Incremental Amendment requires otherwise, the Incremental Term Loans.

 

“Term SOFR” means,
for the applicable corresponding tenor, the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant
Governmental Body.

 

“Termination Date” shall mean
the date on which all of the following conditions are first satisfied: (i) all Commitments have expired or been terminated; (ii) the Loans
have been repaid in full in cash and all other Obligations (other than contingent indemnification or reimbursement obligations to the
extent no claim giving rise thereto has been asserted) have been paid in full; (iii) all Letters of Credit have been cash collateralized,
cancelled or backed by standby Letters of Credit in accordance with the terms of this Agreement; and (iv) the Borrower shall have no further
right to borrow any monies or arrange for the issuance of Letters of Credit under this Agreement.

 

“Total Net Leverage Ratio” shall
mean, as of any date of determination, the ratio of (a) Consolidated Total Indebtedness as of such date to (b) Consolidated Adjusted EBITDA
for the Measurement Period ended prior to the applicable date of determination for which Financial Statements were required to be delivered.

 

“Transaction Costs” means all
premiums, fees, costs and expenses incurred or payable by or on behalf of Holdings, the Borrower or any other Restricted Subsidiary in
connection with the Refinancing and the other transactions contemplated by this Agreement (including, without limitation, any prepayment
premiums) or in connection with the negotiation, execution, delivery and performance of the Loan Documents and the transactions contemplated
thereby, including to fund any original issue discount, upfront fees or legal fees and to grant and perfect any security interests contemplated
thereunder.

 

“TTM Consolidated EBITDA” shall
mean, as of any date of determination, Consolidated Adjusted EBITDA for the most recent Measurement Period ended prior to such date for
which Financial Statements are required to be delivered calculated on a Pro Forma Basis.

 

“Type”, when used in respect
of any Loan or Borrowing, shall refer to the Rate by reference to which interest on such Loan or on the Loans comprising such Borrowing
is determined. For purposes hereof, the term “Rate” shall include Eurodollar Rate and Alternate Base Rate.

 

 

 

    	 	Schedule 1.1 - 48	 

     

    

 

“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.

 

“UK Resolution Authority”
means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.

 

“Unconsolidated Joint Venture”
means any Joint Venture that, in accordance with GAAP, is not consolidated on the balance sheet of Holdings and its Restricted Subsidiaries.

 

“Unrestricted Subsidiary” means
any Subsidiary of the Borrower, designated by the board of directors (or analogous governing body) of the Borrower as an Unrestricted
Subsidiary pursuant to Section 6.13 subsequent to the Effective Date.

 

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

 

“USA Patriot Act” shall mean
the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001, Pub. L.
No. 107-56, 115 Stat. 272 (2001), as the same has been, or shall hereafter be, renewed, extended, amended or replaced, and the rules and
regulations promulgated thereunder from time to time in effect.

 

“USD LIBOR” means
the London interbank offered rate for U.S. dollars.

 

“Wholly-Owned Subsidiary” means,
with respect to any Person, any other Person all of the Equity Interests of which (other than (x) directors’ qualifying shares
and (y) shares issued to foreign nationals to the extent required by applicable law) are owned by such Person directly and/or through
other wholly-owned Subsidiaries of such Person.

 

“Wholly-Owned Subsidiary Guarantor”
means any Subsidiary Guarantor that is a Wholly-Owned Subsidiary of the Borrower.

 

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

 

“Withholding Agent” means any
Loan Party or the Administrative Agent.

 

“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.

 

 

 

    	 	Schedule 1.1 - 49EX-10.1

 EXHIBIT 10.1 
  

 
  

CREDIT AGREEMENT 
 Dated as of
February 3, 2021 
 among 

ZETA GLOBAL CORP., 
 as the
Borrower, 
 ZETA GLOBAL HOLDINGS CORP., 

as Holdings, 
 CERTAIN SUBSIDIARIES
OF THE BORROWER PARTY HERETO, 
 as Guarantors, 

BANK OF AMERICA, N.A., 
 as
Administrative Agent, Swingline Lender and L/C Issuer, 
 and 

THE LENDERS PARTY HERETO 
 and

 BOFA SECURITIES, INC., 
 as
Lead Arranger and Bookrunner 
  
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	 Article I DEFINITIONS AND ACCOUNTING TERMS
	  	 	1	 
	 1.01
	 	 Defined Terms
	  	 	1	 
	 1.02
	 	 Other Interpretive Provisions
	  	 	39	 
	 1.03
	 	 Accounting Terms
	  	 	40	 
	 1.04
	 	 Rounding
	  	 	41	 
	 1.05
	 	 Times of Day
	  	 	41	 
	 1.06
	 	 Letter of Credit Amounts
	  	 	42	 
	 1.07
	 	 UCC Terms
	  	 	42	 
	 1.08
	 	 Rates
	  	 	42	 
		
	 Article II COMMITMENTS AND CREDIT EXTENSIONS
	  	 	42	 
	 2.01
	 	 Loans
	  	 	42	 
	 2.02
	 	 Borrowings, Conversions and Continuations of Loans
	  	 	43	 
	 2.03
	 	 Letters of Credit
	  	 	44	 
	 2.04
	 	 Swingline Loans
	  	 	53	 
	 2.05
	 	 Prepayments
	  	 	55	 
	 2.06
	 	 Termination or Reduction of Commitments
	  	 	58	 
	 2.07
	 	 Repayment of Loans
	  	 	58	 
	 2.08
	 	 Interest and Default Rate
	  	 	59	 
	 2.09
	 	 Fees
	  	 	60	 
	 2.10
	 	 Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate
	  	 	61	 
	 2.11
	 	 Evidence of Debt
	  	 	61	 
	 2.12
	 	 Payments Generally; Administrative Agent’s Clawback
	  	 	62	 
	 2.13
	 	 Sharing of Payments by Lenders
	  	 	64	 
	 2.14
	 	 Cash Collateral
	  	 	65	 
	 2.15
	 	 Defaulting Lenders
	  	 	66	 
	 2.16
	 	 Extension of Maturity Date
	  	 	68	 
	 2.17
	 	 Incremental Facilities
	  	 	70	 
		
	 Article III TAXES, YIELD PROTECTION AND ILLEGALITY
	  	 	74	 
	 3.01
	 	 Taxes
	  	 	74	 
	 3.02
	 	 Illegality
	  	 	78	 
	 3.03
	 	 Inability to Determine Rates
	  	 	78	 
	 3.04
	 	 Increased Costs; Reserves on Eurodollar Rate Loans
	  	 	82	 
	 3.05
	 	 Compensation for Losses
	  	 	83	 
	 3.06
	 	 Mitigation Obligations; Replacement of Lenders
	  	 	84	 
	 3.07
	 	 Survival
	  	 	84	 
		
	 Article IV CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
	  	 	84	 
	 4.01
	 	 Conditions of Initial Credit Extension
	  	 	84	 
	 4.02
	 	 Conditions to all Credit Extensions
	  	 	87	 
		
	 Article V REPRESENTATIONS AND WARRANTIES
	  	 	87	 
	 5.01
	 	 Existence, Qualification and Power
	  	 	87	 
	 5.02
	 	 Authorization; No Contravention
	  	 	88	 
	 5.03
	 	 Governmental Authorization; Other Consents
	  	 	88	 
	 5.04
	 	 Binding Effect
	  	 	88	 
	 5.05
	 	 Financial Statements; No Material Adverse Effect
	  	 	88	 
	 5.06
	 	 Litigation
	  	 	89	 
	 5.07
	 	 No Default
	  	 	89	 
	 5.08
	 	 Ownership of Property
	  	 	89	 
	 5.09
	 	 Environmental Matters
	  	 	89	 

  
 i 

							
	 5.10
	 	 Insurance
	  	 	90	 
	 5.11
	 	 Taxes
	  	 	90	 
	 5.12
	 	 Plan Compliance
	  	 	91	 
	 5.13
	 	 Margin Regulations; Investment Company Act
	  	 	92	 
	 5.14
	 	 Disclosure
	  	 	92	 
	 5.15
	 	 Compliance with Laws
	  	 	92	 
	 5.16
	 	 Solvency
	  	 	92	 
	 5.17
	 	 Casualty, Etc
	  	 	92	 
	 5.18
	 	 Sanctions Concerns and Anti-Corruption Laws
	  	 	93	 
	 5.19
	 	 Responsible Officers
	  	 	93	 
	 5.20
	 	 Subsidiaries; Equity Interests; Loan Parties
	  	 	93	 
	 5.21
	 	 Collateral Representations
	  	 	94	 
	 5.22
	 	 EEA Financial Institutions
	  	 	95	 
	 5.23
	 	 Beneficial Ownership Certification
	  	 	95	 
	 5.24
	 	 Regulation H
	  	 	96	 
	 5.25
	 	 Intellectual Property; Licenses, Etc
	  	 	96	 
	 5.26
	 	 Labor Matters
	  	 	96	 
	 5.27
	 	 Privacy and Data Security
	  	 	96	 
		
	 Article VI AFFIRMATIVE COVENANTS
	  	 	97	 
	 6.01
	 	 Financial Statements
	  	 	97	 
	 6.02
	 	 Certificates; Other Information
	  	 	98	 
	 6.03
	 	 Notices
	  	 	100	 
	 6.04
	 	 Payment of Obligations
	  	 	101	 
	 6.05
	 	 Preservation of Existence, Etc
	  	 	101	 
	 6.06
	 	 Maintenance of Properties
	  	 	101	 
	 6.07
	 	 Maintenance of Insurance
	  	 	101	 
	 6.08
	 	 Compliance with Laws
	  	 	102	 
	 6.09
	 	 Books and Records
	  	 	102	 
	 6.10
	 	 Inspection Rights
	  	 	102	 
	 6.11
	 	 Use of Proceeds
	  	 	103	 
	 6.12
	 	 Covenant to Guarantee Obligations
	  	 	103	 
	 6.13
	 	 Covenant to Give Security
	  	 	103	 
	 6.14
	 	 Compliance with Environmental Laws
	  	 	104	 
	 6.15
	 	 Anti-Corruption Laws; Sanctions
	  	 	104	 
	 6.16
	 	 Approvals and Authorizations
	  	 	104	 
	 6.17
	 	 [Reserved]
	  	 	105	 
	 6.18
	 	 [Reserved]
	  	 	105	 
	 6.19
	 	 Further Assurances
	  	 	105	 
	 6.20
	 	 Post-Closing Matters
	  	 	105	 
	 6.21
	 	 Designation of Unrestricted Subsidiaries
	  	 	105	 
		
	 Article VII NEGATIVE COVENANTS
	  	 	106	 
	 7.01
	 	 Liens
	  	 	106	 
	 7.02
	 	 Indebtedness
	  	 	109	 
	 7.03
	 	 Investments
	  	 	111	 
	 7.04
	 	 Fundamental Changes
	  	 	112	 
	 7.05
	 	 Dispositions
	  	 	113	 
	 7.06
	 	 Restricted Payments
	  	 	113	 
	 7.07
	 	 Change in Nature of Business
	  	 	114	 
	 7.08
	 	 Transactions with Affiliates
	  	 	114	 
	 7.09
	 	 [Reserved]
	  	 	114	 
	 7.10
	 	 Use of Proceeds
	  	 	114	 

  
 ii 

							
	 7.11
	 	 Financial Covenants
	  	 	115	 
	 7.12
	 	Amendments of Organization Documents; Fiscal Year; Legal Name, State of Formation; Form of Entity and Accounting Changes	  	 	116	 
	 7.13
	 	 Sale and Leaseback Transactions
	  	 	116	 
	 7.14
	 	 Sanctions
	  	 	116	 
	 7.15
	 	 Anti-Corruption Laws
	  	 	117	 
	 7.16
	 	 [Reserved]
	  	 	117	 
	 7.17
	 	 Passive Holding Company
	  	 	117	 
		
	 Article VIII EVENTS OF DEFAULT AND REMEDIES
	  	 	117	 
	 8.01
	 	 Events of Default
	  	 	117	 
	 8.02
	 	 Remedies upon Event of Default
	  	 	120	 
	 8.03
	 	 Application of Funds
	  	 	120	 
		
	 Article IX ADMINISTRATIVE AGENT
	  	 	121	 
	 9.01
	 	 Appointment and Authority
	  	 	121	 
	 9.02
	 	 Rights as a Lender
	  	 	122	 
	 9.03
	 	 Exculpatory Provisions
	  	 	122	 
	 9.04
	 	 Reliance by Administrative Agent
	  	 	123	 
	 9.05
	 	 Delegation of Duties
	  	 	124	 
	 9.06
	 	 Resignation of Administrative Agent
	  	 	124	 
	 9.07
	 	 Non-Reliance on Administrative Agent and Other
Lenders
	  	 	125	 
	 9.08
	 	 No Other Duties, Etc
	  	 	126	 
	 9.09
	 	 Administrative Agent May File Proofs of Claim; Credit Bidding
	  	 	126	 
	 9.10
	 	 Collateral and Guaranty Matters
	  	 	127	 
	 9.11
	 	 Secured Cash Management Agreements and Secured Hedge Agreements
	  	 	128	 
	 9.12
	 	 Certain ERISA Matters
	  	 	128	 
		
	 Article X CONTINUING GUARANTY
	  	 	129	 
	 10.01
	 	 Guaranty
	  	 	129	 
	 10.02
	 	 Rights of Lenders
	  	 	130	 
	 10.03
	 	 Certain Waivers
	  	 	130	 
	 10.04
	 	 Obligations Independent
	  	 	130	 
	 10.05
	 	 Subrogation
	  	 	131	 
	 10.06
	 	 Termination; Reinstatement
	  	 	131	 
	 10.07
	 	 Stay of Acceleration
	  	 	131	 
	 10.08
	 	 Condition of Borrower
	  	 	131	 
	 10.09
	 	 Appointment of Borrower
	  	 	131	 
	 10.10
	 	 Right of Contribution
	  	 	132	 
	 10.11
	 	 Keepwell
	  	 	132	 
		
	 Article XI MISCELLANEOUS 
	  	 	132	 
	 11.01
	 	 Amendments, Etc
	  	 	132	 
	 11.02
	 	 Notices; Effectiveness; Electronic Communications
	  	 	135	 
	 11.03
	 	 No Waiver; Cumulative Remedies; Enforcement
	  	 	137	 
	 11.04
	 	 Expenses; Indemnity; Damage Waiver
	  	 	137	 
	 11.05
	 	 Payments Set Aside
	  	 	139	 
	 11.06
	 	 Successors and Assigns
	  	 	139	 
	 11.07
	 	 Treatment of Certain Information; Confidentiality
	  	 	145	 
	 11.08
	 	 Right of Setoff
	  	 	147	 
	 11.09
	 	 Interest Rate Limitation
	  	 	147	 
	 11.10
	 	 Counterparts; Integration; Effectiveness
	  	 	147	 
	 11.11
	 	 Survival of Representations and Warranties
	  	 	148	 
	 11.12
	 	 Severability
	  	 	148	 

  
 iii 

							
	 11.13
	 	 Replacement of Lenders
	  	 	148	 
	 11.14
	 	 Governing Law; Jurisdiction; Etc
	  	 	149	 
	 11.15
	 	 Waiver of Jury Trial
	  	 	150	 
	 11.16
	 	 Subordination
	  	 	151	 
	 11.17
	 	 No Advisory or Fiduciary Responsibility
	  	 	151	 
	 11.18
	 	 Electronic Execution; Electronic Records
	  	 	152	 
	 11.19
	 	 USA PATRIOT Act Notice
	  	 	152	 
	 11.20
	 	 Acknowledgement and Consent to Bail-In of Affected
Financial Institutions
	  	 	153	 
	 11.21
	 	 [Reserved]
	  	 	153	 
	 11.22
	 	 Acknowledgement Regarding Any Supported QFCs
	  	 	153	 

  
 iv 

 BORROWER PREPARED SCHEDULES 
  

			
	 Schedule 1.01(c)
	  	 Responsible Officers

	 Schedule 5.10
	  	 Insurance

	 Schedule 5.12
	  	 Pension Plans

	 Schedule 5.20(a)
	  	 Subsidiaries, Joint Ventures, Partnerships and Other Equity Investments

	 Schedule 5.20(b)
	  	 Loan Parties

	 Schedule 5.21(b)
	  	 Intellectual Property

	 Schedule 5.21(c)
	  	 Documents, Instrument, and Tangible Chattel Paper

	 Schedule 5.21(d)(i)
	  	 Deposit Accounts & Securities Accounts

	 Schedule 5.21(d)(ii)
	  	 Electronic Chattel Paper &
Letter-of-Credit Rights

	 Schedule 5.21(e)
	  	 Commercial Tort Claims

	 Schedule 5.21(f)
	  	 Pledged Equity Interests

	 Schedule 5.21(g)(i)
	  	 Mortgaged Properties

	 Schedule 5.21(g)(ii)
	  	 Other Properties

	 Schedule 7.01
	  	 Existing Liens

	 Schedule 7.02
	  	 Existing Indebtedness

	 Schedule 7.03
	  	 Existing Investments

 ADMINISTRATIVE AGENT PREPARED SCHEDULES 
  

			
	 Schedule 1.01(a)
	  	 Certain Addresses for Notices

	 Schedule 1.01(b)
	  	 Initial Commitments and Applicable Percentages

	 Schedule 1.01(d)
	  	 Existing Letters of Credit

	 Schedule 1.01(e)
	  	 Mortgaged Property Support Documentation

	 Schedule 2.01
	  	 Swingline Commitments

	 Schedule 2.03
	  	 Letter of Credit Commitments

 EXHIBITS 
  

			
	 Exhibit A
	  	 Form of Administrative Questionnaire

	 Exhibit B
	  	 Form of Assignment and Assumption

	 Exhibit C
	  	 Form of Compliance Certificate

	 Exhibit D
	  	 Form of Joinder Agreement

	 Exhibit E
	  	 Form of Loan Notice

	 Exhibit F
	  	 Form of Permitted Acquisition Certificate

	 Exhibit G
	  	 Form of Revolving Note

	 Exhibit H
	  	 Form of Secured Party Designation Notice

	 Exhibit I
	  	 Form of Swingline Loan Notice

	 Exhibit J
	  	 Form of Term Note

	 Exhibit K
	  	 Form of Incremental Term Note

	 Exhibit L
	  	 Forms of U.S. Tax Compliance Certificates

	 Exhibit M
	  	 Form of Authorization to Share Insurance Information

	 Exhibit N
	  	 Form of Notice of Loan Prepayment

	 Exhibit O
	  	 Form of Letter of Credit Report

	 Exhibit P
	  	 Form of Notice of Additional L/C Issuer

  
 v 

 CREDIT AGREEMENT 

This CREDIT AGREEMENT is entered into as of February 3, 2021, among ZETA GLOBAL CORP., a Delaware corporation (the
“Borrower”), ZETA GLOBAL HOLDINGS CORP., a Delaware corporation (“Holdings”), the other Guarantors (defined herein), the Lenders (defined herein), BANK OF AMERICA, N.A., as Administrative Agent,
Swingline Lender and an L/C Issuer, and the other L/C Issuers from time to time party hereto. 
 PRELIMINARY STATEMENTS: 

WHEREAS, the Loan Parties (as hereinafter defined) have requested that the Lenders, the Swingline Lender and each L/C
Issuer make loans and other financial accommodations to the Loan Parties in an aggregate amount of up to $222,500,000. 

WHEREAS, the Lenders, the Swingline Lender and each L/C Issuer have agreed to make such loans and other financial
accommodations to the Loan Parties on the terms and subject to the conditions set forth herein. 
 NOW THEREFORE, in
consideration of the mutual covenants and agreements herein contained, the parties hereto covenant and agree as follows: 
 ARTICLE I

 DEFINITIONS AND ACCOUNTING TERMS 

1.01        Defined Terms. 

As used in this Agreement, the following terms shall have the meanings set forth below: 

“Acquisition” means the acquisition, whether through a single transaction or a series of related
transactions, of (a) a majority of the Voting Stock or other controlling ownership interest in another Person (including the purchase of an option, warrant or convertible or similar type security to acquire such a controlling interest at the
time it becomes exercisable by the holder thereof), whether by purchase of such equity or other ownership interest or upon the exercise of an option or warrant for, or conversion of securities into, such equity or other ownership interest, or
(b) assets of another Person which constitute all or substantially all of the assets of such Person or of a division, line of business or other business unit of such Person. 

“Act” has the meaning specified in Section 11.19. 

“Additional Commitment Lender” has the meaning specified in Section 2.16(c). 

“Additional Lender” has the meaning specified in
Section 2.17(b). 
 “Additional Secured Obligations” means (a) all
obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements and (b) all out-of-pocket costs and expenses incurred in connection with
enforcement and collection of the foregoing, including the fees, charges and disbursements of counsel, in each case whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or
hereafter arising and including interest, expenses and fees that accrue after the commencement by or against any Loan Party or any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding,
regardless of whether such interest, expenses and fees are allowed claims in such proceeding; provided that Additional Secured Obligations of a Guarantor shall exclude any Excluded Swap Obligations with respect to such Guarantor. 

 “Administrative Agent” means Bank of America in its
capacity as administrative agent under any of the Loan Documents, or any successor administrative agent. 

“Administrative Agent Fee Letter” means the administrative agent fee letter, dated as of the date
hereof, among the Borrower and the Administrative Agent. 
 “Administrative Agent’s
Office” means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 1.01(a), or such other address or account as the Administrative Agent may from time to time notify the
Borrower and the Lenders. 
 “Administrative Questionnaire” means an Administrative Questionnaire in
substantially the form of Exhibit A or any other form approved by the Administrative Agent. 

“Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK
Financial Institution. 
 “Affiliate” means, with respect to a specified Person,
another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 

“Aggregate Commitments” means the Commitments of all the Lenders. 

“Agreement” means this Credit Agreement, including all schedules, exhibits and annexes hereto. 

“All-in-Yield” means
as to any Indebtedness the yield to maturity thereof, whether in the form of interest rate margin, original issue discount, upfront fees, recurring periodic fees, any interest rate floors or similar devices, or otherwise, in each case payable
generally to Lenders making such Loans, but excluding any arrangement, commitment, structuring, underwriting or other fees payable in connection therewith that are not generally shared with the relevant Lenders and customary consent fees paid
generally to consenting Lenders. 
 “Applicable Law” means, as to any Person, all applicable Laws
binding upon such Person or to which such a Person is subject. 
 “Applicable Percentage” means
(a) in respect of the Term Facility, with respect to any Term Lender at any time, the percentage (carried out to the ninth decimal place) of the Term Facility represented by (i) on or prior to the Closing Date, such Term Lender’s Term
Commitment at such time and (ii) thereafter, the outstanding principal amount of such Term Lender’s Term Loans at such time, (b) in respect of an Incremental Term Facility, with respect to any Incremental Term Lender at any time, the
percentage (carried out to the ninth decimal place) of such Incremental Term Facility represented by (i) on or prior to the applicable Incremental Effective Date, such Incremental Term Lender’s Incremental Term Commitment at such time and
(ii) thereafter, the outstanding principal amount of such Incremental Term Lender’s Incremental Term Loans at such time and (c) in respect of the Revolving Facility, with respect to any Revolving Lender at any time, the percentage
(carried out to the ninth decimal place) of the Revolving Facility represented by such Revolving Lender’s Revolving Commitment at such time, subject to adjustment as provided in Section 2.15. If the Commitment of all
of the Revolving Lenders to make Revolving Loans and the obligation of the L/C Issuers to make L/C Credit Extensions have been terminated pursuant to Section 8.02, or if the Revolving Commitments have expired, then the
Applicable Percentage of each Revolving Lender in respect of the Revolving Facility shall be determined based on the Applicable Percentage of such Revolving Lender in respect of the Revolving Facility most recently in effect, giving effect to any
subsequent assignments and to any Lender’s status as a Defaulting Lender at the time of determination. The Applicable Percentage of each Lender in respect of each Facility is set forth opposite the name of such Lender on Schedule
1.01(b) or in the Assignment and Assumption pursuant to which such 

  
 2 

 
Lender becomes a party hereto or in any documentation executed by such Lender pursuant to Section 2.17, as applicable. 

“Applicable Rate” means, for any day, the rate per annum set forth below opposite the applicable level
then in effect (based on the Consolidated Net Leverage Ratio), it being understood that the Applicable Rate for (a) Revolving Loans that are Base Rate Loans shall be the percentage set forth under the column “Revolving Loans” and
“Base Rate”, (b) Revolving Loans that are Eurodollar Rate Loans shall be the percentage set forth under the column “Revolving Loans” and “Eurodollar Rate & Letter of Credit Fee”, (c) that portion of the Term
Loan comprised of Base Rate Loans shall be the percentage set forth under the column “Term Loan” and “Base Rate”, (d) that portion of the Term Loan comprised of Eurodollar Rate Loans shall be the percentage set forth under the
column “Term Loan” and “Eurodollar Rate & Letter of Credit Fee”, (e) the Letter of Credit Fee shall be the percentage set forth under the column “Revolving Loans” and “Eurodollar Rate & Letter of
Credit Fee”, and (f) the Commitment Fee shall be the percentage set forth under the column “Commitment Fee”: 
  

													
	Applicable
Rate
	Level  	 	 Consolidated Net

Leverage
 Ratio
	  	 Eurodollar Rate

& Letter of Credit
 Fee
	  	Base Rate	 	Commitment
Fee
	  	Revolving
Loans	  	Term Loan	  	Revolving
Loans	  	Term Loan
	1	 	£ 1.00:1.00	  	2.125%	  	2.125%	  	1.125%	  	1.125%	 	0.25%
	2	 	£1.75:1.00 but > 1.00:1.00	  	2.25%	  	2.25%	  	1.25%	  	1.25%	 	0.25%
	3	 	£2.50:1.00 but > 1.75:1.00	  	2.375%	  	2.375%	  	1.375%	  	1.375%	 	0.25%
	4	 	£3.00:1.00 but > 2.50:1.00	  	2.50%	  	2.50%	  	1.50%	  	1.50%	 	0.25%
	5	 	> 3.00:1.00	  	2.625%	  	2.625%	  	1.625%	  	1.625%	 	0.25%

 The Applicable Rate in respect of any Incremental Term Loan shall be as set forth in the
Incremental Agreement executed in connection therewith. Any increase or decrease in the Applicable Rate resulting from a change in the Consolidated Net Leverage Ratio shall become effective as of the first Business Day immediately following the date
a Compliance Certificate is delivered pursuant to Section 6.02(b); provided, however, that if a Compliance Certificate is not delivered when due in accordance with
Section 6.02(b), then, upon the request of the Required Lenders, pricing level 5 shall apply, in each case as of the first Business Day after the date on which such Compliance Certificate was required to have been
delivered and in each case shall remain in effect until the first Business Day following the date on which such Compliance Certificate is delivered. 

Notwithstanding anything to the contrary contained in this definition, (i) the determination of the Applicable Rate for
any period shall be subject to the provisions of Section 2.10(b) and (ii) the initial Applicable Rate shall be set forth in pricing level 3 until the first Business Day immediately following the date a
Compliance Certificate is delivered pursuant to Section 6.02(b) for the first full fiscal quarter to occur following the Closing Date to the Administrative Agent. Any adjustment in the Applicable Rate shall be
applicable to all Credit Extensions then existing or subsequently made or issued. 
 The Applicable Rate set forth above
shall be increased as, and to the extent, required by Section 2.17. 
 “Applicable
Revolving Percentage” means with respect to any Revolving Lender at any time, such Revolving Lender’s Applicable Percentage in respect of the Revolving Facility at such time. 

  
 3 

 “Appropriate Lender” means, at any time,
(a) with respect to any Facility, a Lender that has a Commitment with respect to such Facility or holds a Loan under such Facility at such time, (b) with respect to the Letter of Credit Sublimit, (i) the L/C Issuers and (ii) if
any Letters of Credit have been issued pursuant to Section 2.03, the Revolving Lenders and (c) with respect to the Swingline Sublimit, (i) the Swingline Lender and (ii) if any Swingline Loans are outstanding
pursuant to Section 2.04(a), the Revolving Lenders. 
 “Approved
Fund” means any Fund that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an entity that administers or manages a Lender. 

“Arranger” means BofA Securities, Inc. in its capacity as lead arranger. 

“Assignment and Assumption” means an assignment and assumption entered into by a Lender and an
Eligible Assignee (with the consent of any party whose consent is required by Section 11.06(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit B or any
other form (including an electronic documentation form generated by use of an electronic platform) approved by the Administrative Agent. 

“Attributable Indebtedness” means, on any date, (a) in respect of any Capitalized Lease of any
Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP, (b) in respect of any Synthetic Lease Obligation, the capitalized amount of the remaining lease or
similar payments under the relevant lease or other applicable agreement or instrument that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP if such lease or other agreement or instrument were accounted
for as a Capitalized Lease and (c) all Synthetic Debt of such Person. 
 “Audited Financial
Statements” means the audited Consolidated balance sheet of the Borrower and its Subsidiaries for the fiscal year ended December 31, 2019, and the related Consolidated statements of income or operations, Shareholders’ Equity
and cash flows for such fiscal year of the Borrower and its Subsidiaries, including the notes thereto. 

“Authorization to Share Insurance Information” means the authorization substantially in the form of
Exhibit M (or such other form as required by each of the Loan Party’s insurance companies). 

“Availability Period” means in respect of the Revolving Facility, the period from and including the
Closing Date to the earliest of (i) the Maturity Date for the Revolving Facility, (ii) the date of termination of the Revolving Commitments pursuant to Section 2.06, and (iii) the date of termination of the
Commitment of each Revolving Lender to make Revolving Loans and of the obligation of the L/C Issuers to make L/C Credit Extensions pursuant to Section 8.02. 

“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). 

“Bank of America” means Bank of America, N.A. and its successors and permitted assigns. 

  
 4 

 “Base Rate” means for any day a fluctuating rate of
interest per annum equal to the highest of (a) the Federal Funds Rate plus 0.50%, (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate,” and (c) the
Eurodollar Rate plus 1.00%, subject to the interest rate floors set forth therein; provided that if the Base Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. The “prime rate” is a
rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above,
or below such announced rate. Any change in such prime rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change. If the Base Rate is being used as an alternate rate
of interest pursuant to Section 3.03 hereof, then the Base Rate shall be the greater of clauses (a) and (b) above and shall be determined without reference to clause
(c) above. 
 “Base Rate Loan” means a Revolving Loan, a Term Loan or an Incremental
Term Loan that bears interest based on the Base Rate. 
 “Beneficial Ownership Certification” means
a certification regarding beneficial ownership required by the Beneficial Ownership Regulation. 
 “Beneficial
Ownership Regulation” means 31 C.F.R. § 1010.230. 
 “Benefit Plan” means any of
(a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes
of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan” or “plan”. 

“Borrower” has the meaning specified in the introductory paragraph hereto. 

“Borrower Materials” has the meaning specified in Section 6.02(p).

 “Borrowing” means a Revolving Borrowing, a Swingline Borrowing or a Term Borrowing, as the
context may require. 
 “Business Day” means any day other than a Saturday, Sunday or other day on
which commercial banks are authorized to close under the Laws of, or are in fact closed in, the state where the Administrative Agent’s Office is located and, if such day relates to interest at a rate based on the Eurodollar Rate, means any such
day that is also a London Banking Day. 
 “Capital Expenditures” means, with respect to any Person
for any period, any expenditure in respect of the purchase or other acquisition of any fixed or capital asset (excluding normal replacements and maintenance which are properly charged to current operations). For purposes of this definition,
(i) the purchase price of assets purchased with the trade-in or disposition of existing assets or with insurance proceeds shall be included in Capital Expenditures only to the extent of the gross amount
by which such purchase price exceeds the credit granted by the seller of such acquired assets for the assets being traded in or disposed of or the amount of such insurance proceeds, as the case may be and (ii) any Permitted Acquisition shall
not be included in Capital Expenditures. 
 “Capitalized Lease” means any lease that
has been or is required to be, in accordance with GAAP, recorded, classified and accounted for as a capitalized lease or financing lease. 

“Captive Insurance Subsidiary” means any Subsidiary that is subject to regulation as an insurance
company. 
 “Cash Collateralize” means to deposit in a Controlled Account or pledge and deposit with
or deliver to the Administrative Agent, for the benefit of one or more of the L/C Issuers or Swingline Lender 

  
 5 

 
(as applicable) or the Lenders, as Collateral for L/C Obligations, the Obligations in respect of Swingline Loans, or obligations of the Revolving Lenders to fund participations in respect of L/C
Obligations or Swingline Loans (as the context may require), (a) cash or deposit account balances, (b) backstop letters of credit entered into on terms, from issuers and in amounts reasonably satisfactory to the Administrative Agent and the
applicable L/C Issuers, and/or (c) if the Administrative Agent and the applicable L/C Issuers or Swingline Lender shall agree, in their sole discretion, other credit support, in each case, in Dollars and pursuant to documentation in form and
substance reasonably satisfactory to the Administrative Agent and such L/C Issuer or the Swingline Lender (as applicable). 

“Cash Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds of
such Cash Collateral and other credit support. 
 “Cash Equivalents” means any of the following
types of Investments, to the extent owned by the Borrower or any of its Restricted Subsidiaries free and clear of all Liens (other than Permitted Liens): 

(a)        readily marketable obligations issued or directly and fully
guaranteed or insured by the United States or any agency or instrumentality thereof having maturities of not more than three hundred sixty days (360) days from the date of acquisition thereof; provided that the full faith and credit of
the United States is pledged in support thereof; 
 (b)        time
deposits with, or insured certificates of deposit or bankers’ acceptances of, any commercial bank that (i) (A) is a Lender or (B) is organized under the laws of the United States, any state thereof or the District of Columbia or is
the principal banking subsidiary of a bank holding company organized under the laws of the United States, any state thereof or the District of Columbia, and is a member of the Federal Reserve System, (ii) issues (or the parent of which issues)
commercial paper rated as described in clause (c) of this definition and (iii) either (A) has combined capital and surplus of at least $500,000,000.00 or (B) whose short-term commercial paper rating at the time of the acquisition
thereof is at least “Prime-1” (or the then equivalent grade) by Moody’s or at least “A-1” (or the then equivalent grade) by S&P, in each
case with maturities of not more than one year from the date of acquisition thereof; 

(c)        commercial paper issued by any Person organized under the
laws of any state of the United States and rated at least “Prime-1” (or the then equivalent grade) by Moody’s or at least “A-1” (or the then
equivalent grade) by S&P, in each case with maturities of not more than one year from the date of acquisition thereof; 

(d)        repurchase agreements with a term of not more than thirty
(30) days with a bank or trust company (including a Lender) or a recognized securities dealer having capital and surplus in excess of $500,000,000 for direct obligations issued by or fully guaranteed by the United States; 

(e)        obligations of any state of the United States or any
political subdivision thereof for the payment of the principal and redemption price of and interest on which there shall have been irrevocably deposited Investments of the character described in clause (a) of this definition maturing as to
principal and interest at times and in amounts sufficient to provide such payment; 

(f)        money market accounts subject to Rule 2a-7 of the Investment Company Act of 1940 (“Rule 2a-7”) which consist primarily of cash and cash equivalents set forth in clauses (a) through (e) above
and of which 95% shall at all times be comprised of First Tier Securities (as defined in Rule 2a-7) and any remaining amount shall at all times be comprised of Second Tier Securities (as defined in Rule 2a-7); 
 (g)        Investments,
classified in accordance with GAAP as current assets of the Borrower or any of its Restricted Subsidiaries, in money market investment programs registered under the 

  
 6 

 
Investment Company Act of 1940, which are administered by financial institutions that have the highest rating obtainable from either Moody’s or S&P, and the portfolios of which are
limited solely to Investments of the character, quality and maturity described in clauses (a) through (f) of this definition; and 

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

“Cash Management Agreement” means any agreement that is not prohibited by the terms hereof to provide
treasury or cash management services, including deposit accounts, overnight draft, credit cards, debit cards, p-cards (including purchasing cards and commercial cards), funds transfer, automated clearinghouse,
zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade finance services and other cash management services. 

“Cash Management Bank” means any Person in its capacity as a party to a Cash Management Agreement
that, (a) at the time it enters into a Cash Management Agreement with a Loan Party or any Restricted Subsidiary, is a Lender or an Affiliate of a Lender, or (b) at the time it (or its Affiliate) becomes a Lender, is a party to a Cash
Management Agreement with a Loan Party or any Restricted Subsidiary, in each case in its capacity as a party to such Cash Management Agreement (even if such Person ceases to be a Lender or such Person’s Affiliate ceased to be a Lender);
provided, however, that for any of the foregoing to be included as a “Secured Cash Management Agreement” on any date of determination by the Administrative Agent, the applicable Cash Management Bank (other than the
Administrative Agent or an Affiliate of the Administrative Agent) must have delivered a Secured Party Designation Notice to the Administrative Agent prior to such date of determination. 

“CERCLA” means the Comprehensive Environmental Response, Compensation, and Liability Act of 1980. 

“CERCLIS” means the Comprehensive Environmental Response, Compensation and Liability Information
System maintained by the U.S. Environmental Protection Agency. 
 “CFC” means a Person that is a
controlled foreign corporation under Section 957 of the Code in which the Borrower or any Loan Party is a United States shareholder within the meaning of Section 951(b) of the Code. 

“Change in Law” means the occurrence, after the Closing Date, of any of the following: (a) the
adoption or taking effect of any law, rule, regulation or treaty, (b) any change in any law, rule, regulation or treaty or in the administration, interpretation, implementation or application thereof by any Governmental Authority or
(c) the making or issuance of any request, rule, guideline or directive (whether or not having the force of law) by any Governmental Authority; provided that notwithstanding anything herein 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 or in the implementation thereof and (ii) all requests, rules, guidelines or directives
promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case
be deemed to be a “Change in Law”, regardless of the date enacted, adopted, issued or implemented. 

“Change of Control” means an event or series of events by which: 

(a)        at any time prior to the creation of a Public Market, any
“person” or “group” becomes the “beneficial owner” of equity securities in Holdings in an amount greater than the amount of equity securities held by David A. Steinberg (or any “group” (as such term
is used in 

  
 7 

 
Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, 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) of which he is a member) (and taking into account all such securities that David A. Steinberg has the right to acquire pursuant to any option right (as defined in clause
(b) below)); 
 (b)        any “person” or
“group” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, 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) becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange
Act of 1934, except that a person or group shall be deemed to have “beneficial ownership” of all securities 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 (i) at any time prior to the creation of a Public Market, 50% or more of the equity securities of the Borrower entitled to vote for members of the board of
directors or equivalent governing body of the Borrower 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) and (ii) at any time after the
creation of a Public Market, 35% or more of the equity securities of the Borrower entitled to vote for members of the board of directors or equivalent governing body of the Borrower 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); 

(c)        Holdings shall cease to own and control, of record and
beneficially, directly or indirectly, 100% of the Equity Interests of the Borrower; or 

(d)        the Borrower shall cease to own and control, of record and
beneficially, directly or indirectly, 100% of the Equity Interests of each Guarantor (other than Holdings and excluding directors’ qualifying shares required by Law) except as otherwise expressly permitted under this Agreement. 

provided that a transaction in which the Borrower becomes a wholly owned Subsidiary of another Person (other than a
Person that is an individual) shall not constitute a Change of Control if (i) the holders of the Equity Interests of the Borrower immediately prior to such transaction “beneficially own” (as defined above), directly or indirectly
through one or more intermediaries, at least a majority of the outstanding combined voting power of all of equity securities of the Borrower immediately following the consummation of such transaction, (ii) no “person” or
“group” (as such terms are defined above), other than such other Person (but including the holders of the Equity Interests of such other Person), “beneficially owns” (as such term is defined above), directly or indirectly through
one or more intermediaries, more than fifty percent (50%) of the outstanding combined voting power of all of equity securities of the Borrower immediately following the consummation of such transaction and (iii) such other Person shall become a
Guarantor hereunder. 
 “Class”, when used in reference to any Loan or Borrowing, refers to whether
such Loan, or the Loans comprising such Borrowing, are Revolving Loans, Term Loans or Incremental Term Loans and, when used in reference to any Commitment, refers to whether such Commitment is a Revolving Commitment, Term Commitment or Incremental
Term Loan Commitment. 
 “Closing Date” means the date hereof. 

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

  
 8 

 “Collateral” means all of the “Collateral”
and “Mortgaged Property” referred to in the Collateral Documents and all of the other property that is or is intended under the terms of the Collateral Documents to be subject to Liens in favor of the Administrative Agent for the benefit
of the Secured Parties. 
 “Collateral Documents” means, collectively, the Security Agreement, the
Mortgages, any related Mortgaged Property Support Documents, the Qualifying Control Agreements, each Joinder Agreement, each of the collateral assignments, security agreements, pledge agreements, account control agreements or other similar
agreements delivered to the Administrative Agent pursuant to Section 6.13, and each of the other agreements, instruments or documents that creates or purports to create a Lien in favor of the Administrative Agent for the
benefit of the Secured Parties. 
 “Commitment” means a Term Commitment, and Incremental Term
Commitment or a Revolving Commitment, as the context may require. 
 “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 that is a bona fide direct competitor of the Borrower or any of its
Subsidiaries directly engaged in substantially similar business operations as the Borrower or any of its Subsidiaries and (b) any of such Person’s Subsidiaries; provided that, notwithstanding the foregoing, in no event shall
“Competitor” include any Person that is a financial institution, a debt fund or an investment vehicle that is engaged in the business of making, purchasing, holding or otherwise investing in loans, notes, bonds and similar extensions of
credit or securities in the ordinary course of business to unaffiliated third parties. 
 “Compliance
Certificate” means a certificate substantially in the form of Exhibit C. 

“Connection Income Taxes” means Other Connection Taxes that are imposed on or measured by net income
(however denominated) or that are franchise Taxes or branch profits Taxes. 
 “Consolidated” means,
when used with reference to financial statements or financial statement items of the Borrower and its Subsidiaries or any other Person, such statements or items on a consolidated basis in accordance with the consolidation principles of GAAP. 

“Consolidated EBITDA” means, for the Borrower and its Restricted Subsidiaries, for any period,
Consolidated Net Income for such most recently completed Measurement Period plus (a) without duplication and to the extent deducted in determining such Consolidated Net Income, the sum of (i) Consolidated Interest Charges for such
period, (ii) Consolidated federal, state, local and foreign income or similar tax expense for such period, (iii) all amounts attributable to depreciation and amortization for such period, (iv) any
non-cash charges (other than the write-down of current assets) for such period and any non-cash fair value adjustments in respect of such period, (v) all fees,
costs and expenses for such period relating to the consummation of the Loan Documents and termination of the Existing Credit Agreements (collectively, the “Transactions”), (vi) any premiums, expenses or charges (other than non-cash charges) related to any issuance or sale of Equity Interests, Investments, Permitted Acquisitions, Dispositions, recapitalization or the incurrence or permanent repayment or amendment of Indebtedness, in
each case, permitted to be incurred or effected hereunder (including a refinancing thereof) (whether or not successful), including such fees, expenses or charges related to any Permitted Acquisitions or the issuance of Indebtedness and any amendment
or other modification of this Agreement or other Indebtedness, (vii) any non-cash charges incurred pursuant to any management equity plan or stock option plan or other management or employee benefit plan
or agreement or any stock subscription or shareholder plan, (viii) non-cash stock-based compensation and non-cash rental expense, (ix) liability, casualty or
business interruption insurance proceeds (or indemnification or other third party reimbursement proceeds) received to the extent not already included in computing such Consolidated Net Income to the extent such event has

  
 9 

 
resulted in a corresponding reduction in Consolidated Net Income for such period and (x) any earnout or similar payment permitted to be incurred hereunder in connection with a Permitted
Acquisition which is paid or accrued during such period plus (b) (i) non-recurring restructuring charges, accruals or reserves (including restructuring and integration costs related to acquisitions
permitted hereunder and adjustments to existing reserves), whether or not classified as restructuring expense on the consolidated financial statements, for such period and (ii) the amount of “run rate” costs savings related to a
Permitted Acquisition and projected by the Borrower in good faith to be reasonably anticipated to be realizable within 12 months of the actions taken (which cost savings shall be added to Consolidated EBITDA until fully realized and calculated on a
pro forma basis as though such cost savings had been realized on the first day of the relevant period), net of the amount of actual benefits realized from such actions; provided that (A) such amounts described in the immediately preceding
clauses (i) and (ii) are reasonably identifiable and quantifiable and (B) no such amounts described in the immediately preceding clauses (i) and (ii) shall be added pursuant to this clause (b) to the extent duplicative of any
expenses or charges relating to such cost savings made pursuant to Section 1.03(c) (it being understood and agreed that “run rate” shall mean the full recurring benefit that is associated with any action
taken); provided further that the aggregate amount permitted to be added back pursuant to this clause (b) during any four consecutive fiscal quarter period when combined with any similar amounts added back pursuant to
Section 1.03(c) shall not exceed 20.0% of pro forma Consolidated EBITDA (calculated after giving effect to such add-backs) and minus (c) without duplication
(i) to the extent included in determining such Consolidated Net Income, all cash payments made during such period on account of reserves, restructuring charges and other non-cash charges added to
Consolidated Net Income pursuant to clause (a)(iv) above in a previous period, (ii) any net after tax gain or income from the early extinguishment of Indebtedness and (iii) to the extent included in determining such Consolidated Net
Income, any extraordinary gains and all non-cash items of income for such period, all determined on a consolidated basis in accordance with GAAP. 

For any period, (A) the Consolidated EBITDA of any Target acquired by the Borrower or any Restricted Subsidiary pursuant
to a Permitted Acquisition during such period shall be included on a pro forma basis for such period (assuming the consummation of such acquisition and the incurrence or assumption of any Indebtedness in connection therewith occurred as of the first
day of such period) and (B) the Consolidated EBITDA of any Person or line of business sold or otherwise disposed of by the Borrower or any Restricted Subsidiary during such period shall be excluded for such period (assuming the consummation of
such sale or other disposition and the repayment of any Indebtedness in connection therewith occurred as of the first day of such period). 

Notwithstanding the foregoing, the Administrative Agent shall utilize the quarterly Consolidated EBITDA amounts set forth
below for purposes of calculating Consolidated EBITDA and determining the Borrower’s compliance with the financial covenants set forth in Section 7.11. 
  

			
	 Applicable Period
  
	  	 Consolidated EBITDA
  

		
	Fiscal quarter ended March 31, 2020	  	$13,832,499
		
	Fiscal quarter ended June 30, 2020	  	$12,140,806
		
	Fiscal quarter September 30, 2020	  	$17,089,780
		
	Fiscal quarter ended December 31, 2020	  	$21,607,639

 “Consolidated Fixed Charge Coverage Ratio” means, as of any date of
determination for the Borrower and its Restricted Subsidiaries, the ratio of (a) (i) Consolidated EBITDA, less (ii) Maintenance Capital Expenditures to (b) the sum of (i) Consolidated Interest Charges to the extent
paid in cash, (ii) the aggregate amount of federal, state, local and foreign income taxes paid in cash (net of any cash refund in 

  
 10 

 
respect of any such taxes received during such period) (including Permitted Tax Distributions), (iii) the aggregate principal amount of all redemptions or similar acquisitions for value of
outstanding debt for borrowed money or regularly scheduled principal payments (other than any such payment that is required to be made on the final maturity date thereof) (without giving effect to any mandatory or voluntary prepayments), but
excluding any such payments (A) to the extent refinanced through the incurrence of additional Indebtedness otherwise expressly permitted under Section 7.02 or (B) on debt constituting revolving
credit loans except to the extent made in connection with a scheduled permanent commitment reduction, and (iv) all cash dividends paid (excluding items eliminated in consolidation) in respect of any series of Disqualified Stock, in each
case, of or by the Borrower and its Restricted Subsidiaries for the most recently completed Measurement Period. 

“Consolidated Funded Indebtedness” means, as of any date of determination, for the Borrower and its
Restricted Subsidiaries on a Consolidated basis, the sum of: (a) the outstanding principal amount of all obligations, whether current or long-term, for borrowed money (including the principal amount of the Obligations hereunder) and all
obligations evidenced by bonds, debentures, notes, loan agreements or other similar instruments; (b) all purchase money Indebtedness; (c) the amount drawn and unreimbursed under issued and outstanding letters of credit (including standby
and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments; (d) all obligations (including, without limitation, earnout obligations) to pay the deferred purchase price of property or services (other than
trade accounts payable and similar accrued obligations incurred in the ordinary course of business and not past due for more than 120 days after the date on which such trade account or similar accrued obligation was created, unless the same shall be
contested in good faith or otherwise be subject to a bona fide dispute and adequate reserves in accordance with GAAP are being maintained by the Borrower or such Restricted Subsidiary); (e) all Attributable Indebtedness; (f) all obligations to
purchase, redeem, retire, defease or otherwise make any payment prior to the Maturity Date in respect of any Equity Interests (other than in connection with any optional redemption thereof) or any warrant, right or option to acquire such Equity
Interest, valued, in the case of a redeemable preferred interest, at the greater of its voluntary or involuntary liquidation preference plus accrued and unpaid dividends; (g) without duplication, all Guarantees with respect to
outstanding Indebtedness of the types specified in clauses (a) through (f) above of Persons other than the Borrower or any Restricted Subsidiary; and (h) all Indebtedness of the types referred to in clauses
(a) through (g) above of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company) in which the Borrower or a Restricted Subsidiary is a general
partner or joint venturer, unless such Indebtedness is expressly made non-recourse to the Borrower or such Restricted Subsidiary. The Borrower’s PPP Loan shall not constitute Consolidated Funded
Indebtedness except to the extent such PPP Loan is finally determined not to be forgiven. 
 “Consolidated
Interest Charges” means, for any Measurement Period, the sum of (a) all interest, premium payments, debt discount, fees, charges and related expenses in connection with borrowed money (including capitalized interest) or in
connection with the deferred purchase price of assets, in each case to the extent treated as interest in accordance with GAAP, (b) all interest paid or payable with respect to discontinued operations and (c) the portion of rent expense
under Capitalized Leases that is treated as interest in accordance with GAAP, in each case, of or by the Borrower and its Restricted Subsidiaries on a Consolidated basis for the most recently completed Measurement Period. For purposes of the
foregoing, interest expenses shall be determined after giving effect to any net payments made or received by the Borrower or any Restricted Subsidiary with respect to any Swap Contracts. Notwithstanding the foregoing, Consolidated Interest Charges
shall be the amounts set forth below with respect to such fiscal quarters set forth below. 
  

			
	 Applicable Period
  
	  	 Consolidated Interest Charges

 

		
	Fiscal quarter ended March 31, 2020	  	$4,343,113

  
 11 

			
		
	Fiscal quarter ended June 30, 2020	  	$4,091,469
		
	Fiscal quarter September 30, 2020	  	$3,890,166
		
	Fiscal quarter ended December 31, 2020	  	$4,036,412

 “Consolidated Net Leverage Ratio” means, as of any date
of determination, the ratio of (a) Consolidated Funded Indebtedness less domestic Unrestricted Cash of the Borrower and its Restricted Subsidiaries which is held in a Controlled Account as of such date (in an amount not to exceed 50% of
Consolidated EBITDA for the most recently ended Measurement Period) to (b) Consolidated EBITDA of the Borrower and its Restricted Subsidiaries on a consolidated basis for the most recently completed Measurement Period. 

“Consolidated Net Income” means, for any period, the net income (or loss) of the Borrower and its
Restricted Subsidiaries on a Consolidated basis for such period; provided that Consolidated Net Income shall exclude (a) extraordinary gains and extraordinary losses for such period, (b) the net income of any Restricted Subsidiary
during such period to the extent that the declaration or payment of dividends or similar distributions by such Restricted Subsidiary of such income is not permitted by operation of the terms of its Organization Documents or any agreement, instrument
or Law applicable to such Restricted Subsidiary (other than the Loan Documents) during such period, except that the Borrower’s equity in any net loss of any such Restricted Subsidiary for such period shall be included in determining
Consolidated Net Income, and (c) any income (or loss) for such period of any Person if such Person is not a Restricted Subsidiary, except that the Borrower’s equity in the net income of any such Person for such period shall be included in
Consolidated Net Income up to the aggregate amount of cash actually distributed by such Person during such period to the Borrower or a Restricted Subsidiary as a dividend or other distribution (and in the case of a dividend or other distribution to
a Restricted Subsidiary, such Restricted Subsidiary is not precluded from further distributing such amount to the Borrower as described in clause (b) of this proviso). 

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

“Control” means the possession, directly or indirectly, of the power to direct or cause the direction
of the management or policies of a Person, whether through the ability to exercise voting power, by contract or otherwise (including any member of the senior management group of any such Person). “Controlling” and
“Controlled” have meanings correlative thereto. 
 “Controlled Account”
means each deposit account and securities account that is subject to a Qualifying Control Agreement. 
 “Cost of
Acquisition” means, with respect to any Acquisition, as at the date of entering into any agreement therefor, the sum of the following (without duplication): (a) the amount of any cash given as consideration in connection with such
Acquisition, (b) all additional purchase price amounts in the form of earnouts, holdbacks and other contingent obligations that should be recorded on the financial statements of the Borrower and its Restricted Subsidiaries in accordance with
GAAP in connection with such Acquisition and (c) all amounts paid in respect of covenants not to compete and consulting agreements that is recorded on the financial statements of the Borrower and its Restricted Subsidiaries in accordance with
GAAP as part of the consideration for such Acquisition, and other affiliated contracts in connection with such Acquisition, in each case excluding such amounts financed with equity proceeds. 

“Credit Extension” means each of the following: (a) a Borrowing and (b) an L/C Credit
Extension. 

  
 12 

 “Debt Issuance” means the issuance by any Loan Party
or any Restricted Subsidiary of any Indebtedness other than Indebtedness permitted under Section 7.02. 

“Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other liquidation,
conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in
effect. 
 “Default” means any event or condition that constitutes an Event of Default or that, with
the giving of any notice, the passage of time, or both, would be an Event of Default. 
 “Default
Rate” means (a) with respect to any Obligation for which a rate is specified, a rate per annum equal to two percent (2%) in excess of the rate otherwise applicable thereto and (b) with respect to any Obligation for which a
rate is not specified or available, a rate per annum equal to the Base Rate plus the Applicable Rate for Revolving Loans that are Base Rate Loans plus two percent (2%), in each case, to the fullest extent permitted by Applicable Law.

 “Defaulting Lender” means, subject to Section 2.15(b),
any Lender that (a) has failed to (i) fund all or any portion of its Loans within two (2) Business Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Borrower
in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such
writing) has not been satisfied, or (ii) pay to the Administrative Agent, any L/C Issuer, the Swingline Lender or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of
Credit or Swingline Loans) within two (2) Business Days of the date when due, (b) has notified the Borrower, the Administrative Agent, any L/C Issuer or the Swingline Lender in writing that it does not intend to comply with its funding
obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s
determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three
(3) Business Days after written request by the Administrative Agent or the Borrower, to confirm in writing to the Administrative Agent and the Borrower that it will comply with its prospective funding obligations hereunder (provided that
such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the Borrower), or (d) has, or has a direct or indirect parent company
that has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with
reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity or (iii) become the subject of a Bail-In Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any Equity Interest in that Lender or any direct or indirect parent company thereof
by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets
or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or
more of clauses (a) through (d) above, and the effective date of such status, shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to
Section 2.15(b)) as of the date established therefor by the Administrative Agent in a written notice of such determination, which shall be delivered by the Administrative Agent to the Borrower, each L/C
Issuer, the Swingline Lender and each other Lender promptly following such determination. 

  
 13 

 “Designated Jurisdiction” means any country, region
or territory to the extent that such country, region or territory is the subject of any Sanctions (including currently Cuba, Iran, North Korea, Syria, and the Crimea region of Ukraine). 

“Disposition” or “Dispose” means the sale, transfer, license, lease or other
disposition (including any Sale and Leaseback Transaction) of any property by any Loan Party or Restricted Subsidiary (or the granting of any option or other right to do any of the foregoing), including any sale, assignment, transfer or other
disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith. 

“Disqualified Institution” means, on any date, (a) those specific Persons designated by the
Borrower as a “Disqualified Institution” by written notice delivered to the Administrative Agent on or prior to the Closing Date (including any Affiliate of such designated Person clearly recognizable as an Affiliate thereof by name) and
(b) any other Person that is a Competitor of the Borrower or any of its Subsidiaries, which Person has been designated by the Borrower as a “Disqualified Institution” by written notice to the Administrative Agent and the Lenders (by
posting such notice to the Platform) not less than three (3) Business Days prior to such date (including any Affiliate of such designated Person clearly recognizable as an Affiliate thereof by name); provided that “Disqualified
Institutions” shall exclude any Person that the Borrower has designated as no longer being a “Disqualified Institution” by written notice delivered to the Administrative Agent and the Lenders from time to time; provided further
than no commercial bank nor any investment bank shall be deemed to be a Disqualified Institution. 

“Disqualified Stock” shall mean any Equity Interest that, by its terms (or by the terms of any
security into which it is convertible or for which it is exchangeable), or upon the happening of any event, (a) matures (excluding any maturity as the result of an optional redemption by the issuer thereof) or is mandatorily redeemable,
pursuant to a sinking fund obligation or otherwise, or is redeemable at the option of the holder thereof, in whole or in part, or requires the payment of any cash dividend or any other scheduled payment constituting a return of capital, in each case
at any time on or prior to the date that is 180 days after the latest Maturity Date under any Facility, or (b) is convertible into or exchangeable (unless at the sole option of the issuer thereof) for (i) debt securities or (ii) any
Equity Interest referred to in clause (a) above, in each case at any time prior to the date that is 180 days after the latest Maturity Date under any Facility; provided, however, that with respect to any Equity Interest issued to any employee
or to any plan for the benefit of employees of Holdings or its Restricted Subsidiaries or by any such plan to such employees, such Equity Interest shall not constitute Disqualified Stock solely because it may be required to be repurchased in order
to satisfy applicable statutory or regulatory obligations or as a result of such employee’s termination, resignation, death or disability or if any class of Equity Interest of such Person by its terms authorizes such Person to satisfy its
obligations thereunder by delivery of an Equity Interest that is not Disqualified Stock, such Equity Interests shall not be deemed to be Disqualified Stock. Notwithstanding the foregoing, any Equity Interest that would constitute Disqualified Stock
solely because the holders thereof have the right to require Holdings or its Restricted Subsidiaries to repurchase such Equity Interest upon the occurrence of a change of control or an asset sale shall not constitute Disqualified Stock if any such
right becomes operative only after repayment in full of all the Loans and all other Obligations, the cancellation or expiration of all Letters of Credit and the termination or expiration of the Commitments. 

“Dollar” and “$” mean lawful money of the United States. 

“Domestic Subsidiary” means any Subsidiary that is organized under the laws of any political
subdivision of the United States. 
 “DQ List” has the meaning specified in
Section 11.06(g)(iv). 

  
 14 

 “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 Assignee” means any Person that meets the requirements to be an assignee under
Section 11.06 (subject to such consents, if any, as may be required under Section 11.06(b)(iii)). For the avoidance of doubt, any Disqualified Institution is subject to
Section 11.06(g). 
 “Environment” means ambient air, indoor air,
surface water, groundwater, drinking water, soil, surface and subsurface strata, and natural resources such as wetland, flora and fauna. 

“Environmental Laws” means any and all federal, state, provincial, territorial, local, and foreign
statutes, laws (including common law), regulations, standards, ordinances, rules, judgments, interpretations, orders, decrees, permits, agreements or governmental restrictions relating to pollution or the protection of the Environment or human
health (to the extent related to exposure to Hazardous Materials), including those relating to the manufacture, generation, handling, transport, storage, treatment, Release or threat of Release of Hazardous Materials, air emissions and discharges to
waste or public systems. 
 “Environmental Liability” means any liability, contingent or otherwise
(including any liability for damages, costs of environmental remediation, fines, penalties or indemnities) whether based in contract, tort, implied or express warranty, strict liability, criminal or civil statute or common law, directly or
indirectly relating to (a) any Environmental Law, (b) the generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) Release or threatened
Release of any Hazardous Materials or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the foregoing. 

“Environmental Permit” means any permit, certification, registration, approval,
identification number, license or other authorization required under any Environmental Law. 
 “Equity
Interests” means, with respect to any Person, all of the shares of capital stock of (or other ownership or profit interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person
of shares of capital stock of (or other ownership or profit interests in) such Person, all of the securities convertible into or exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights
or options for the purchase or acquisition from such Person of such shares (or such other interests), and all of the other ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or
nonvoting, and whether or not such shares, warrants, options, rights or other interests are outstanding on any date of determination. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended, and the rules and
regulations promulgated thereunder. 

  
 15 

 “ERISA Affiliate” means any trade or business
(whether or not incorporated) under common control with a Loan Party within the meaning of Sections 414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions relating to Section 412 of the Code).

 “ERISA Event” means (a) a Reportable Event with respect to a Pension Plan; (b) the
withdrawal of a Loan Party or any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which such entity was a “substantial employer” as defined in Section 4001(a)(2) of ERISA or a cessation
of operations that is treated as such a withdrawal under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by a Loan Party or any ERISA Affiliate from a Multiemployer Plan; (d) the filing of a notice of intent to
terminate, or the treatment of a Pension Plan amendment as a termination, under Section 4041 or 4041A of ERISA; (e) the institution by the PBGC of proceedings to terminate a Pension Plan; (f) any event or condition which constitutes
grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan; (g) the determination that any Pension Plan is considered an at-risk plan
or any Multiemployer Plan is considered a plan in endangered or critical status within the meaning of Sections 430, 431 and 432 of the Code or Sections 303, 304 and 305 of ERISA; (h) the imposition of any liability
under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon a Loan Party or any ERISA Affiliate or (i) a failure by a Loan Party or any ERISA Affiliate to meet all applicable requirements
under the Pension Funding Rules in respect of a Pension Plan, whether or not waived, or the failure by a Loan Party or any ERISA Affiliate to make any required contribution to a Multiemployer Plan. 

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

“Eurodollar Rate” means: 

(a)        for any Interest Period with respect to a Eurodollar Rate
Loan, the rate per annum equal to the London Interbank Offered Rate as administered by ICE Benchmark Administration (or any other Person that takes over the administration of such rate for U.S. Dollars for a period equal in length to such Interest
Period) (“LIBOR”), as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) (in such case,
the “LIBOR Rate”) at approximately 11:00 a.m., London time, two (2) Business Days prior to the commencement of such Interest Period, for Dollar deposits (for delivery on the first day of such Interest Period) with a term
equivalent to such Interest Period; 
 (b)        for any interest
calculation with respect to a Base Rate Loan on any date, the rate per annum equal to LIBOR, at or about 11:00 a.m., London time, determined two London Banking Days prior to such date for Dollar deposits with a term of one (1) month commencing
that day; and 
 (c)        if the Eurodollar Rate shall be less
than zero, such rate shall be deemed zero for purposes of this Agreement. 
 “Eurodollar Rate Loan”
means a Revolving Loan, a Term Loan or an Incremental Term Loan that bears interest at a rate based on clause (a) of the definition of “Eurodollar Rate”. 

“Event of Default” has the meaning specified in Section 8.01. 

“Excluded Property” has the meaning specified in the Security Agreement. 

“Excluded Subsidiary” means (a) any Immaterial Subsidiary, (b) any Subsidiary that is a not-for-profit organization, (c) any Captive Insurance Subsidiary, (d) any Foreign Subsidiary, (e) any Subsidiary (whether existing or acquired after the
Closing Date) that is prohibited from guaranteeing the Secured Obligations by applicable law or contractual obligations that are in existence on the Closing Date or at the 

  
 16 

 
time of acquisition of such Subsidiary and not entered in contemplation thereof or if guaranteeing the Secured Obligations would require governmental consent, approval, license or authorization
(unless such consent, approval, license or authorization has been obtained), (f) any Unrestricted Subsidiary and (g) any other Restricted Subsidiary with respect to which, in their reasonable judgment, the Borrower and the Administrative Agent
reasonably agree that the cost (including any tax cost), burden, difficulty or consequence of providing a Guarantee is excessive in relation to the value afforded thereby, provided that notwithstanding the foregoing, at no time shall any
Guarantor existing on the Closing Date or joined hereto pursuant to Section 6.12 or Section 6.20 subsequently be deemed an Excluded Subsidiary. 

“Excluded Swap Obligation” means, with respect to any Guarantor, any Swap Obligation if, and to the
extent that, all or a portion of the Guaranty of such Guarantor of, or the grant by such Guarantor of a Lien 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 thereof) by virtue of such Guarantor’s failure for any reason to constitute an “eligible contract participant” as defined in the
Commodity Exchange Act (determined after giving effect to Section 10.11 and any other “keepwell”, support or other agreement for the benefit of such Guarantor and any and all guarantees of such
Guarantor’s Swap Obligations by other Loan Parties) at the time the Guaranty of such Guarantor, or grant by such Guarantor of a Lien, becomes effective with respect to such Swap Obligation. If a Swap Obligation arises under a Master Agreement
governing more than one Swap Contract, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to Swap Contracts for which such Guaranty or Lien is or becomes excluded in accordance with the first sentence of this
definition. 
 “Excluded Taxes” means any of the following Taxes imposed on or with respect to any
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 and similar 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 Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are
Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on
the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under Section 11.13) or (ii) such Lender changes its Lending Office,
except in each case to the extent that, pursuant to Sections 3.01(b) or (d), 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 3.01(f) and (d) any withholding Taxes
imposed pursuant to FATCA. 
 “Existing Credit Agreements” means (i) that certain Credit
Agreement dated as of July 10, 2015, as amended, by and among the Borrower, Holdings, First Eagle Private Credit, LLC (f/k/a Newstar Financial, Inc.), as administrative agent and as collateral agent and the lenders party thereto from time to
time and (ii) that certain Credit Agreement, dated as of July 29, 2016, as amended, by and among the Borrower and PNC Bank, National Association, as administrative agent and the other parties named therein from time to time. 

“Existing Letters of Credit” means those certain letters of credit set forth on Schedule
1.01(d). 
 “Extended Revolving Commitment” means any Class of Revolving Commitments the
maturity of which shall have been extended pursuant to Section 2.16. 
 “Extended
Revolving Loans” means any Revolving Loans made pursuant to the Extended Revolving Commitments. 

  
 17 

 “Extended Term Loans” means any Class of Term
Loans the maturity of which shall have been extended pursuant to Section 2.16. 

“Extending Lender” means a Lender who has accepted an Extension Offer pursuant to
Section 2.16. 
 “Extension” has the meaning set forth in
Section 2.16(a). 
 “Extension Amendment” has the meaning specified
in Section 2.16(d). 
 “Extension Offer” has the meaning specified in
Section 2.16(a). 
 “Facility” means the Term Facility, and Incremental
Term Facility or the Revolving Facility, as the context may require. 
 “Facility Termination Date”
means the date as of which all of the following shall have occurred: (a) the Aggregate Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of
Credit have terminated or expired or have been Cash Collateralized in accordance with the terms hereof (other than Letters of Credit as to which other arrangements with respect thereto reasonably satisfactory to the Administrative Agent and the
applicable L/C Issuers shall have been made). 
 “FASB ASC” means the Accounting Standards
Codification of the Financial Accounting Standards Board. 
 “FATCA” means Sections 1471 through
1474 of the Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof, any
agreements entered into pursuant to Section 1471(b)(1) of the Code and any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement, treaty or convention among Governmental Authorities and
implementing such Sections of the Code. 
 “Federal Funds Rate” means, for any day, the rate per
annum equal to the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided
that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate is
so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions as
determined by the Administrative Agent. 
 “Fee Letters” means (a) the fee
letter, dated December 29, 2020, among the Borrower, the Administrative Agent and BofA Securities, Inc. and (b) the Administrative Agent Fee Letter. 

“Flood Hazard Property” means any Mortgaged Property with any improvements thereon that are located
wholly or partially in an area designated by the Federal Emergency Management Agency (or any successor agency) as having special flood hazards. 

“Flood Insurance Laws” means, collectively, (a) National Flood Insurance Reform Act of 1994
(which comprehensively revised the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973) as now or hereafter in effect or any successor statute thereto, (b) the Flood Insurance Reform Act of 2004 as now or
hereafter in effect or any successor statute thereto and (c) the Biggert–Waters Flood Insurance Reform Act of 2012 as now or hereafter in effect or any successor statute thereto. 

  
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 “Flood Program” means the National Flood Insurance
Program created by the U.S. Congress pursuant to the National Flood Insurance Act of 1968, the Flood Disaster Protection Act of 1973, the National Flood Insurance Reform Act of 1994 and the Flood Insurance Reform Act of 2004 and the Biggert-Waters
Flood Insurance Reform Act of 2012, in each case as amended from time to time, and any successor statutes. 

“Foreign Lender” means (a) if the Borrower is a U.S. Person, a Lender that is not a U.S. Person,
and (b) if the Borrower is not a U.S. Person, a Lender that is resident or organized under the laws of a jurisdiction other than that in which the Borrower is resident for tax purposes. For purposes of this definition, the United States, each
State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction. 
 “Foreign
Subsidiary” means any Subsidiary that is not a Domestic Subsidiary. 
 “FRB” means the
Board of Governors of the Federal Reserve System of the United States. 
 “Fronting Exposure” means,
at any time there is a Defaulting Lender that is a Revolving Lender, (a) with respect to any L/C Issuer, such Defaulting Lender’s Applicable Percentage of the outstanding L/C Obligations other than L/C Obligations as to which such
Defaulting Lender’s participation obligation has been reallocated to other Revolving Lenders or Cash Collateralized in accordance with the terms hereof, and (b) with respect to the Swingline Lender, such Defaulting Lender’s Applicable
Percentage of Swingline Loans other than Swingline Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other Revolving Lenders or Cash Collateralized in accordance with the terms hereof. 

“Fund” means any Person (other than a natural Person) that is (or will be) engaged in making,
purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its activities. 

“Funding Indemnity Letter” means a funding indemnity letter in form and substance satisfactory to the
Administrative Agent. 
 “GAAP” means generally accepted accounting principles in the United States
set forth from time to time in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board (or agencies
with similar functions of comparable stature and authority within the accounting profession) including, without limitation, the FASB Accounting Standards Codification, that are applicable to the circumstances as of the date of determination,
consistently applied and subject to Section 1.03. 
 “Governmental
Authority” means the government of the United States or any other nation, or of any political subdivision thereof, whether state, provincial, territorial or local, and any agency, authority, instrumentality, regulatory body, court,
central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including, without limitation, any supra-national bodies such as the European Union or
the European Central Bank). 
 “Guarantee” means, as to any Person, (a) any obligation,
contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness of the kind described in clauses (a) through (g) of the definition thereof or other obligation payable or
performable by another Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds for
the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other obligation of the payment or
performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or level of income or cash flow of the primary obligor

  
 19 

 
so as to enable the primary obligor to pay such Indebtedness or other obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of such
Indebtedness or other obligation of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Indebtedness of the kind
described in clauses (a) through (g) of the definition thereof or other obligation of any other Person, whether or not such Indebtedness or other obligation is assumed or expressly undertaken by such Person
(or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien); provided however that the term “Guarantee” shall not include endorsements for collection or deposit in the ordinary course of
business. The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made (or, if less, the maximum amount of
such Indebtedness or other obligation for which such Person may be liable, whether singly or jointly, pursuant to the terms of the instrument evidencing such Guarantee) or, if not stated or determinable, the maximum reasonably anticipated liability
in respect thereof as determined by the guaranteeing Person in good faith. The term “Guarantee” as a verb has a corresponding meaning. 

“Guaranteed Obligations” has the meaning set forth in Section 10.01. 

“Guarantors” means, collectively, (a) Holdings, (b) each Restricted Subsidiary of the Borrower
identified as a “Guarantor” on the signature pages hereto, (c) the wholly-owned Domestic Subsidiaries of the Borrower as may from time to time become parties to this Agreement pursuant to Section 6.12 and
(d) with respect to Additional Secured Obligations owing by any Loan Party or any of its Subsidiaries and any Swap Obligation of a Specified Loan Party (determined before giving effect to Sections 10.01 and 10.11) under the
Guaranty, the Borrower. 
 “Guaranty” means, collectively, the Guarantee made by the Guarantors
under Article X in favor of the Secured Parties, together with each other guaranty delivered pursuant to Sections 6.12 and 6.20, in each case, as amended, restated, supplemented or otherwise modified from time to
time. 
 “Hazardous Materials” means all explosive or radioactive substances or wastes and all
hazardous or toxic substances, wastes or other pollutants, including petroleum or petroleum distillates, natural gas, natural gas liquids, asbestos or asbestos-containing materials, polychlorinated biphenyls, radon gas, toxic mold, infectious or
medical wastes and all other substances, wastes, chemicals, pollutants, contaminants or compounds of any nature in any form regulated pursuant to any Environmental Law. 

“Hedge Bank” means any Person in its capacity as a party to a Swap Contract that, (a) at the time
it enters into a Swap Contract not prohibited under Articles VI or VII, is a Lender or an Affiliate of a Lender, or (b) at the time it (or its Affiliate) becomes a Lender, is a party to a Swap Contract not prohibited under
Articles VI or VII, in each case, in its capacity as a party to such Swap Contract (even if such Person ceases to be a Lender or such Person’s Affiliate ceased to be a Lender); provided, in the case of a Secured
Hedge Agreement with a Person who is no longer a Lender (or Affiliate of a Lender), such Person shall be considered a Hedge Bank only through the stated termination date (without extension or renewal) of such Secured Hedge Agreement and provided
further that for any of the foregoing to be included as a “Secured Hedge Agreement” on any date of determination by the Administrative Agent, the applicable Hedge Bank (other than the Administrative Agent or an Affiliate of the
Administrative Agent) must have delivered a Secured Party Designation Notice to the Administrative Agent prior to such date of determination. 

“Holdings” has the meaning specified in the introductory paragraph hereto. 

“Immaterial Subsidiary” means, as of any date, any Restricted Subsidiary for which the aggregate
amount of the Consolidated EBITDA of such Restricted Subsidiary and its subsidiaries on a consolidated basis, when taken together with (i) the contribution to Consolidated EBITDA of all other Immaterial Subsidiaries and their subsidiaries on a
consolidated basis and (ii) the Consolidated EBITDA of all 

  
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Unrestricted Subsidiaries1, is not in excess of 7.5% of Consolidated EBITDA of the Borrower and its Restricted Subsidiaries, in each case, as
of the last day of the Measurement Period most recently ended for which the financial statements and certificates required by Section 6.01(a) or (b), as the case may be, have been or were required to have been
delivered; provided that notwithstanding the foregoing, at no time shall any Guarantor existing on the Closing Date or joined hereto pursuant to Section 6.12 or Section 6.20
subsequently be deemed an Immaterial Subsidiary. 
 “Impacted Loans” has the meaning specified in
Section 3.03(a). 
 “Incremental Agreement” has the meaning specified in
Section 2.17(f). 
 “Incremental Commitments” means Incremental
Revolving Commitments and/or the Incremental Term Commitments. 
 “Incremental Effective
Date” has the meaning specified in Section 2.17(f). 

“Incremental Revolving Commitment” has the meaning assigned to such term in
Section 2.17(a). 
 “Incremental Revolving Commitment
Lender” has the meaning specified in Section 2.17(g). 

“Incremental Term Commitments” has the meaning assigned to such term in
Section 2.17(a). 
 “Incremental Term Facility” means, at any time,
(a) on or prior to an Incremental Effective Date, the aggregate amount of any Incremental Term Commitments in respect of Incremental Term Loans at such time and (b) thereafter, the aggregate principal amount of the Incremental Term Loans
of all Incremental Term Lenders outstanding at such time. 
 “Incremental Term Lender” means a
Lender with an Incremental Term Commitment in respect of Incremental Term Loans or an outstanding Incremental Term Loan. 

“Incremental Term Loan Maturity Date” has the meaning assigned to such term in
Section 2.17(c)(ii). 
 “Incremental Term Loans” means any loans made
pursuant to any Incremental Term Commitments. 
 “Incremental Term Note” means a promissory note
made by the Borrower in favor of an Incremental Term Lender evidencing Incremental Term Loans made by such Incremental Term Lender, substantially in the form of Exhibit K. 

“Indebtedness” means, as to any Person at a particular time, without duplication, all of the
following, whether or not included as indebtedness or liabilities in accordance with GAAP: 

(a)        all obligations of such Person for borrowed money and all
obligations of such Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments; 

(b)        all direct or contingent obligations of such Person arising
under letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments; 

(c)        net obligations of such Person under any Swap Contract;

  
  

	1 	 Which, solely for the purposes of this clause (ii), Consolidated EBITDA of Unrestricted Subsidiaries shall be
calculated in the same manner as Consolidated EBITDA of the Borrower and its Restricted Subsidiaries. 

  
 21 

 (d)        all
obligations (including, without limitation, earnout obligations) of such Person to pay the deferred purchase price of property or services (other than trade accounts payable and similar accrued obligations incurred in the ordinary course of business
and not past due for more than 120 days after the date on which such trade account or similar accrued obligation was created) which would appear as liabilities on a balance sheet of such Person; 

(e)        indebtedness of others (excluding prepaid interest thereon)
secured by a Lien on property owned or being purchased by such Person (including indebtedness arising under conditional sales or other title retention agreements), whether or not such indebtedness shall have been assumed by such Person or is limited
in recourse, valued at the lesser of the fair market value of such property (as determined by such Person in good faith) and the amount of such indebtedness of such other person; 

(f)        all Attributable Indebtedness in respect of Capitalized
Leases and Synthetic Lease Obligations of such Person and all Synthetic Debt of such Person; 

(g)        all obligations of such Person to purchase, redeem, retire,
defease or otherwise make any payment in respect of any Equity Interest in such Person or any other Person or any warrant, right or option to acquire such Equity Interest, valued, in the case of a redeemable preferred interest, at the greater of its
voluntary or involuntary liquidation preference plus accrued and unpaid dividends; and 

(h)        all Guarantees of such Person in respect of any of the
foregoing. 
 For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any partnership or
joint venture (other than a joint venture that is itself a corporation or limited liability company) in which such Person is a general partner or is generally liable for such joint venture, unless such Indebtedness is expressly made non-recourse to such Person. The amount of any net obligation under any Swap Contract on any date shall be deemed to be the Swap Termination Value thereof as of such date. 

“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 Loan Party under any Loan Document and (b) to the extent not otherwise described in clause (a), Other Taxes. 

“Indemnitee” has the meaning specified in Section 11.04(b). 

“Information” has the meaning specified in Section 11.07(a). 

“Intellectual Property” has the meaning set forth in the Collateral Documents. 

“Intercompany Debt” has the meaning specified in Section 7.02(d). 

“Interest Payment Date” means, (a) as to any Eurodollar Rate Loan, the last day of each Interest
Period applicable to such Loan and the Maturity Date of the Facility under which such Loan was made; provided, however, that if any Interest Period for a Eurodollar Rate Loan exceeds three (3) months, the respective dates that
fall every three (3) months after the beginning of such Interest Period shall also be Interest Payment Dates; and (b) as to any Base Rate Loan or Swingline Loan, the last Business Day of each March, June, September and December and the
Maturity Date of the Facility under which such Loan was made (with Swingline Loans being deemed made under the Revolving Facility for purposes of this definition). 

“Interest Period” means, as to each Eurodollar Rate Loan, the period commencing on the date such
Eurodollar Rate Loan is disbursed or converted to or continued as a Eurodollar Rate Loan and ending on the date one (1), two (2), three (3) or six (6) months thereafter (in each case, subject to availability), as

  
 22 

 
selected by the Borrower in its Loan Notice, or the date nine (9) or twelve (12) months thereafter (in each case, subject to availability), if requested by the Borrower and consented to
by all of the Appropriate Lenders; provided that: 

(a)        any Interest Period that would otherwise end on a day that
is not a Business Day shall be extended to the next succeeding Business Day unless such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business Day; 

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

(c)        no Interest Period shall extend beyond the Maturity Date of
the Facility under which such Loan was made. 
 “Investment” means, as to any Person, any direct or
indirect acquisition or investment by such Person, whether by means of (a) the purchase or other acquisition of Equity Interests of another Person, (b) a loan, advance or capital contribution to, Guarantee or assumption of debt of, or
purchase or other acquisition of any other debt or interest in, another Person (including any partnership or joint venture interest in such other Person and any arrangement pursuant to which the investor guaranties Indebtedness of such other
Person), or (c) the purchase or other acquisition (in one transaction or a series of transactions) of assets of another Person which constitute all or substantially all of the assets of such Person or of a division, line of business or other
business unit of such Person. For purposes of covenant compliance, the amount of any Investment shall be the amount actually invested, without adjustment for subsequent increases or decreases in the value of such Investment. 

“Involuntary Disposition” means any loss of, damage to or destruction of, or any condemnation or other
taking for public use of, any property of any Loan Party or any Restricted Subsidiary. 
 “IRS”
means the United States Internal Revenue Service. 
 “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 the International Standby Practices, International Chamber of Commerce Publication
No. 590 (or such later version thereof as may be in effect at the applicable time). 
 “Issuer
Documents” means with respect to any Letter of Credit, the Letter of Credit Application, and any other document, agreement and instrument entered into by any L/C Issuer and the Borrower (or any Restricted Subsidiary) or in favor of such
L/C Issuer and relating to such Letter of Credit. 
 “Joinder Agreement” means a joinder agreement
substantially in the form of Exhibit D executed and delivered in accordance with the provisions of Sections 6.12 and 6.20. 

“Laws” means, collectively, all international, foreign, federal, state, provincial, territorial and
local statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement,
interpretation or administration thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of
law. 

  
 23 

 “L/C Advance” means, with
respect to each Revolving Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Revolving Percentage. 

“L/C Borrowing” means an extension of credit resulting from a drawing under any
Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Borrowing. 

“L/C Commitment” means, with respect to each L/C Issuer, the commitment of the
L/C Issuer to issue Letters of Credit hereunder. The initial amount of each L/C Issuer’s Letter of Credit Commitment is set forth on Schedule 2.03, or if an L/C Issuer has entered into an Assignment and Assumption or has otherwise
assumed an L/C Commitment after the Closing Date, the amount set forth for such L/C Issuer as its L/C Commitment in the Register maintained by the Administrative Agent. The Letter of Credit Commitment of an L/C Issuer may be modified from time to
time by agreement between such L/C Issuer and the Borrower, and notified to the Administrative Agent. 

“L/C Credit Extension” means, with respect to any Letter of Credit, the issuance
thereof or extension of the expiry date thereof, or the increase of the amount thereof. 
 “L/C
Disbursement” means any payment made by the L/C Issuer pursuant to a Letter of Credit. 
 “L/C
Issuer” means with respect to a particular Letter of Credit, (a) each L/C Issuer in its capacity as issuer of such Letter of Credit, or any successor issuer thereof, (b) such other Lender selected by the Borrower pursuant to
Section 2.03(s) from time to time to issue such Letter of Credit (provided that no Lender shall be required to become an L/C Issuer pursuant to this clause (b) without such Lender’s consent), or any
successor issuer thereof or (c) any Lender selected by the Borrower (with the prior consent of the Administrative Agent) to replace a Lender who is a Defaulting Lender at the time of such Lender’s appointment as an L/C Issuer (provided
that no Lender shall be required to become an L/C Issuer pursuant to this clause (c) without such Lender’s consent), or any successor issuer thereof. 

“L/C Obligations” means, as at any date of determination, the aggregate amount
available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts (including all L/C Borrowings). For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such
Letter of Credit shall be determined in accordance with Section 1.06. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn
thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. 

“LCA Election” means the Borrower’s election to treat a specified investment as a Limited
Condition Acquisition. 
 “Lender” means each of the Persons identified as a “Lender” on
the signature pages hereto, each other Person that becomes a “Lender” in accordance with this Agreement and, their successors and permitted assigns and, unless the context requires otherwise, includes the Swingline Lender. 

“Lending Office” means, as to the Administrative Agent, any L/C Issuer or any Lender, the office or
offices of such Person described as such in such Person’s Administrative Questionnaire, or such other office or offices as such Person may from time to time notify the Borrower and the Administrative Agent; which office may include any
Affiliate of such Person or any domestic or foreign branch of such Person or such Affiliate. 
 “Letter of
Credit” means any standby letter of credit issued hereunder and shall include the Existing Letters of Credit. 

“Letter of Credit Application” means an application and agreement for the issuance or amendment of a
Letter of Credit in the form from time to time in use by the applicable L/C Issuer. 

  
 24 

 “Letter of Credit Expiration Date” means the day
that is seven (7) days prior to the Maturity Date then in effect for the Revolving Facility (or, if such day is not a Business Day, the next preceding Business Day). 

“Letter of Credit Fee” has the meaning specified in Section 2.03(l).

 “Letter of Credit Report” means a certificate substantially the form of Exhibit O or any
other form approved by the Administrative Agent. 
 “Letter of Credit Sublimit” means, as of any
date of determination, an amount equal to the lesser of (a) $15,000,000 and (b) the Revolving Facility; provided that each L/C Issuer’s Letter of Credit Sublimit shall not exceed its L/C Commitment. The Letter of Credit Sublimit is
part of, and not in addition to, the Revolving Facility. 
 “LIBOR” has the meaning specified in the
definition of Eurodollar Rate. 
 “LIBOR Replacement Date” has the meaning specified
in Section 3.03(c). 
 “LIBOR Screen Rate” means the LIBOR quote on the applicable screen page
the Administrative Agent designates to determine LIBOR (or such other commercially available source providing such quotations as may be designated by the Administrative Agent in its reasonable discretion from time to time). 

“LIBOR Successor Rate” has the meaning specified in Section 3.03(c). 

“LIBOR Successor Rate Conforming Changes” means, with respect to any proposed LIBOR Successor Rate,
any conforming changes to the definition of Base Rate, Interest Period, timing and frequency of determining rates and making payments of interest and other technical, administrative or operational matters (including, for the avoidance of doubt, the
definition of Business Day, timing of borrowing requests or prepayment, conversion or continuation notices and length of lookback periods) as may be appropriate, in the discretion of the Administrative Agent, to reflect the adoption and
implementation of such LIBOR Successor Rate and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent determines that adoption of any portion of
such market practice is not administratively feasible or that no market practice for the administration of such LIBOR Successor Rate exists, in such other manner of administration as the Administrative Agent determines is reasonably necessary in
connection with the administration of this Agreement and any other Loan Document). 
 “Lien” means
any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or otherwise), hypothec, charge, or preference, priority or other security interest or preferential arrangement in the nature of a security interest
of any kind or nature whatsoever (including any conditional sale or other title retention agreement, any easement, right of way or other encumbrance on title to real property and any financing lease having substantially the same economic effect as
any of the foregoing). 
 “Limited Condition Acquisition” means any Acquisition by the Borrower or
its Restricted Subsidiaries or similar Investment by the Borrower or its Restricted Subsidiaries permitted pursuant to the Loan Documents whose consummation is not conditioned on the availability of, or on obtaining, third party financing. 

“Limited Condition Acquisition Agreement” means the definitive acquisition agreement for a Limited
Condition Acquisition. 
 “Loan” means an extension of credit by a Lender to the Borrower under
Article II in the form of a Term Loan, an Incremental Term Loan, a Revolving Loan or a Swingline Loan. 

  
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 “Loan Documents” means, collectively, (a) this
Agreement, (b) the Notes, (c) any Guaranty, (d) the Collateral Documents, (e) the Fee Letters, (f) each Issuer Document, (g) each Joinder Agreement, (h) any agreement creating or perfecting rights in Cash
Collateral pursuant to the provisions of Section 2.14, (i) each Incremental Agreement, and (j) all other certificates, agreements, documents and instruments executed and delivered, in each case, by any Loan Party
pursuant to the foregoing (but specifically excluding any Secured Hedge Agreement or any Secured Cash Management Agreement) and any amendments, modifications or supplements thereto or to any other Loan Document or waivers hereof or to any other Loan
Document; provided, however, that for purposes of Section 11.01, “Loan Documents” shall mean this Agreement and the Collateral Documents. 

“Loan Notice” means a notice of (a) a Borrowing, (b) a conversion of Loans from one Type to
the other, or (c) a continuation of Eurodollar Rate Loans, pursuant to Section 2.02(a), which shall be substantially in the form of Exhibit E or such other form as may be approved by the
Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower. 

“Loan Parties” means, collectively, the Borrower and each Guarantor. 

“London Banking Day” means any day on which dealings in Dollar deposits are conducted by and between
banks in the London interbank eurodollar market. 
 “Maintenance Capital Expenditures” means, for
any period, 75% of the aggregate amount of all non-financed cash Capital Expenditures made during such period. 

“Master Agreement” has the meaning set forth in the definition of “Swap Contract.” 

“Material Acquisition” has the meaning specified in clause (d) of the definition of
“Permitted Acquisition”. 
 “Material Adverse Effect” means (a) a material adverse
change in, or a material adverse effect upon, the operations, business, properties or financial condition of the Loan Parties, taken as a whole; or (b) a material adverse effect on (i) the ability of any Loan Party to perform its
Obligations under any Loan Document to which it is a party or (ii) the legality, validity, binding effect or enforceability against the Borrower or any Guarantor of any Loan Document to which it is a party or (iii) the material rights and
remedies available to, or conferred upon, the Administrative Agent or any Lender under any Loan Documents. 

“Material Intellectual Property” shall mean Intellectual Property that, collectively, is material to
the business of the Borrower and its Restricted Subsidiaries. 
 “Material Real Property” means any fee-owned real property located in the United States that is owned by any Loan Party with a fair market value in excess of $500,000 (at the Closing Date or, with respect to
fee-owned real property located in the United States acquired after the Closing Date, at the time of acquisition, in each case, as reasonably estimated by the Borrower in good faith). 

“Maturity Date” means (a) with respect to the Revolving Facility, the later of
(i) February 3, 2026 and (ii) if maturity is extended pursuant to Section 2.16, such extended maturity date as determined pursuant to such Section 2.16, (b) with
respect to the Term Facility, the later of (i) February 3, 2026 and (ii) if maturity is extended pursuant to Section 2.16, such extended maturity date as determined pursuant to such
Section 2.16, and (c) with respect to any Incremental Term Facility, the maturity date set forth in the Incremental Agreement for such Incremental Term Facility; provided, however, that, in each case, if
such date is not a Business Day, the Maturity Date shall be the next preceding Business Day. 

  
 26 

 “Measurement Period” means a period of four
(4) consecutive fiscal quarters, which, at any date of determination unless otherwise specified herein, shall be the most recently completed four (4) fiscal quarters of the Borrower. 

“Minimum Collateral Amount” means, at any time, with respect to Cash Collateral consisting of cash or
deposit account balances, an amount equal to 103% of the Outstanding Amount of all L/C Obligations with respect to Letters of Credit issued and outstanding at such time. 

“Moody’s” means Moody’s Investors Service, Inc. and any successor
thereto. 
 “Mortgage” or “Mortgages” means, individually and collectively,
as the context requires, each of the fee mortgages, deeds of trust, deeds and other similar security documents executed by a Loan Party that purport to grant a Lien to the Administrative Agent (or a trustee for the benefit of the Administrative
Agent) for the benefit of the Secured Parties in any Mortgaged Properties, in form and substance reasonably satisfactory to the Administrative Agent. 

“Mortgaged Property” means Material Real Property of a Loan Party listed on Schedule
5.21(g)(i) and, thereafter, shall include each other Material Real Property with respect to which a Mortgage is granted pursuant to Section 6.13(b). 

“Mortgaged Property Support Documents” means, with respect to any real property subject to a Mortgage,
the deliveries and documents described on Schedule 1.01(e) attached hereto. 
 “Multiemployer
Plan” means any employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to which a Loan Party or any ERISA Affiliate makes or is obligated to make contributions, or during the preceding five (5) plan years,
has made or been obligated to make contributions. 
 “Multiple Employer Plan” means a Pension Plan
which has two or more contributing sponsors (including a Loan Party or any ERISA Affiliate) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA. 

“Net Cash Proceeds” means the aggregate cash or Cash Equivalents proceeds received by any Loan Party
or any Restricted Subsidiary in respect of any Disposition, Debt Issuance or Involuntary Disposition, net of (a) direct costs incurred in connection therewith (including, without limitation, legal, accounting and investment banking fees and
sales commissions), (b) taxes paid or payable as a result thereof and (c) in the case of any Disposition or any Involuntary Disposition, the amount held in escrow as necessary to retire any Indebtedness secured by a Permitted Lien (ranking
senior to any Lien of the Administrative Agent) on the related property; it being understood that “Net Cash Proceeds” shall include, without limitation, any cash or Cash Equivalents received upon the sale or other disposition of any non-cash consideration received by any Loan Party or any Restricted Subsidiary in any Disposition, Debt Issuance or Involuntary Disposition. 

“Non-Consenting Lender” means any Lender that does not approve any consent,
waiver or amendment that (a) requires the approval of all Lenders or all affected Lenders, or all Lenders or all affected Lenders in a Facility, in accordance with the terms of Section 11.01 and (b) has
been approved by the Required Lenders. 
 “Non-Defaulting Lender” means, at any
time, each Lender that is not a Defaulting Lender at such time. 
 “Non-Extending
Lender” has the meaning specified in Section 2.16(c). 

“Note” means a Term Note, an Incremental Term Note or a Revolving Note, as the context may require.

  
 27 

 “Notice of Additional L/C Issuer” means a
certificate substantially the form of Exhibit P or any other form approved by the Administrative Agent. 

“Notice of Loan Prepayment” means a notice of prepayment with respect to a Loan, which shall be
substantially in the form of Exhibit N or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative
Agent), appropriately completed and signed by a Responsible Officer. 
 “NPL” means the National
Priorities List under CERCLA. 
 “Obligations” means (a) all advances to, and debts,
liabilities, obligations, covenants and duties of, any Loan Party arising under any Loan Document with respect to any Loan, or Letter of Credit and (b) all costs and expenses incurred in connection with enforcement and collection of the
foregoing to the extent payable by the Loan Parties in accordance with the Loan Documents, including the fees, charges and disbursements of counsel, in each case whether direct or indirect (including those acquired by assumption), absolute or
contingent, due or to become due, now existing or hereafter arising and including interest, expenses and fees that accrue after the commencement by or against any Loan Party or any Affiliate thereof pursuant to any proceeding under any Debtor Relief
Laws naming such Person as the debtor in such proceeding, regardless of whether such interest, expenses and fees are allowed claims in such proceeding; provided that, without limiting the foregoing, the Obligations of a Guarantor shall
exclude any Excluded Swap Obligations with respect to such Guarantor. 
 “OFAC” means the Office of
Foreign Assets Control of the United States Department of the Treasury. 
 “Organization Documents”
means, (a) with respect to any corporation, the charter or certificate or articles of incorporation and the bylaws; (b) with respect to any limited liability company, the certificate or articles of formation or organization and operating
agreement or limited liability company agreement; (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation or organization (or
equivalent or comparable documents with respect to any non-U.S. jurisdiction) and (d) with respect to all entities, any agreement, instrument, filing or notice with respect thereto filed in connection
with its formation or organization with the applicable Governmental Authority in the jurisdiction of its formation or organization (or equivalent or comparable documents with respect to any non-U.S.
jurisdiction). 
 “Other Connection Taxes” means, with respect to any Recipient, Taxes imposed as a
result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising solely from such Recipient having executed, delivered, become a party to, performed its obligations under,
received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document). 

“Other Taxes” 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 3.06). 

“Outstanding Amount” means (a) with respect to Term Loans, Incremental Term Loans, Revolving
Loans and Swingline Loans on any date, the aggregate outstanding principal amount thereof after giving effect to any Borrowings and prepayments or repayments of Term Loans, Incremental Term Loans, Revolving Loans and Swingline Loans, as the case may
be, occurring on such date; and (b) with respect to any L/C Obligations on any date, the amount of such L/C Obligations on such date after giving effect to 

  
 28 

 
any L/C Credit Extension occurring on such date and any other changes in the aggregate amount of the L/C Obligations as of such date, including as a result of any reimbursements by the Borrower
of Unreimbursed Amounts. 
 “Participant” has the meaning specified in
Section 11.06(d). 
 “Participant Register” has the meaning
specified in Section 11.06(d). 
 “PBGC” means the Pension Benefit
Guaranty Corporation. 
 “Pension Funding Rules” means the rules of the Code and ERISA regarding
minimum funding standards with respect to Pension Plans and set forth in Sections 412, 430 and 436 of the Code and Sections 302 and 303 of ERISA. 

“Pension Plan” means any employee pension benefit plan (including a Multiple Employer Plan, but
excluding a Multiemployer Plan) that is maintained or is contributed to by a Loan Party and any ERISA Affiliate or with respect to which a Loan Party or any ERISA Affiliate has any liability and is either covered by Title IV of ERISA or is subject
to Section 412 or Section 430 of the Code. 
 “Permitted Acquisition” means an Acquisition
by a Loan Party (the Person or division, line of business or other business unit of the Person to be acquired in such Acquisition shall be referred to herein as the “Target”), in each case that is a type of business (or
assets used in a type of business) permitted to be engaged in by the Borrower and its Subsidiaries pursuant to the terms of this Agreement, in each case so long as: 

(a)        no Default shall then exist or would exist after giving
effect thereto; provided that, if such Acquisition is a Limited Condition Acquisition and the Borrower has made an LCA Election, no Event of Default only under Section 8.01(a), (f) or (g) shall
have occurred and be continuing at the time of the consummation of the Limited Condition Acquisition; 

(b)        after giving effect to the Acquisition on a pro forma
basis, the Loan Parties are in compliance with a Consolidated Net Leverage Ratio equal to or less than (i) 3.00 to 1.00 or (ii) during an Elevated Covenant Period, 3.50 to 1.00, in each case, as of the end of the most recent Measurement
Period for which financial statements are required to have been delivered to the Administrative Agent pursuant to Section 6.01; 

(c)        the Borrower shall comply, and cause the Target to comply,
with the terms of Section 6.13 and Section 6.12, to the extent applicable; 

(d)        the Administrative Agent and the Lenders shall have
received not less than five (5) days prior to the consummation of any such Acquisition with an aggregate Cost of Acquisition (excluding any earnouts, holdbacks or other contingent obligations) paid by the Loan Parties and their Restricted
Subsidiaries is in excess of $20,000,000 (each such Acquisition, a “Material Acquisition”), (i) (A) audited financial statements or management-prepared financial statements of the Target for its most recent fiscal year
and for any fiscal quarters ended within the fiscal year to date, in each case to the extent available, or, only if the financial statements referenced in the prior clause (A) are not available, (B) a quality of earnings
report or an independent verification of the Target’s financial performance, in form reasonably satisfactory to the Administrative Agent, (ii) Consolidated projected income statements of the Borrower and its Restricted Subsidiaries for the
following twelve (12) month period (giving effect to such Acquisition), and (iii) not less than five (5) days (or such other period of time as may be agreed to by the Administrative Agent) prior to the consummation of any Permitted
Acquisition, a Permitted Acquisition Certificate, executed by a Responsible Officer of the Borrower certifying that such Permitted Acquisition complies with the requirements of this Agreement; 

  
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 (e)        such
Acquisition shall not be a “hostile” Acquisition and shall have been approved by the board of directors (or equivalent) and/or shareholders (or equivalent) of the applicable Loan Party and the Target; 

(f)        the Cost of Acquisition paid by the Loan Parties and their
Restricted Subsidiaries with respect to the Acquisition of any Target that is not required to (i) become a Guarantor pursuant to Section 6.12 or (ii) to give security pursuant to Section 6.13
shall not, for all such Acquisitions made during any fiscal year, in the aggregate, exceed $2,500,000; and 

(g)        the aggregate Cost of Acquisitions paid by the Loan Parties
and their Restricted Subsidiaries with respect to all Acquisitions in any fiscal year shall not exceed $50,000,000. 

“Permitted Acquisition Certificate” means a certificate substantially the form of Exhibit F or
any other form approved by the Administrative Agent. 
 “Permitted Liens” has the meaning set forth
in Section 7.01. 
 “Permitted Tax Distributions” means: 

(a)        for any taxable period in which the Borrower and/or any of
its Subsidiaries is a member of a consolidated, combined or similar income tax group of which a direct or indirect parent of the Borrower is the common parent (a “Tax Group”), distributions by Borrower to such direct or
indirect parent of Borrower to pay federal, foreign, state and local income Taxes of such Tax Group that are attributable to the taxable income of the Borrower and/or its Subsidiaries; provided that, for each taxable period, the amount of
such payments made in respect of such taxable period in the aggregate shall not exceed the amount that the Borrower and the Subsidiaries would have been required to pay as a stand-alone Tax Group, reduced by any portion of such income Taxes directly
paid by the Borrower or any of its Subsidiaries; or 

(b)        with respect to any taxable year (or portion thereof) with
respect to which the Borrower is a pass-through entity for U.S. federal, state and/or local income tax purposes, distributions to the Borrower’s direct owner(s) (and, if any such direct owner is a pass-through entity for U.S. federal income tax
purposes, such direct owner may make distributions to its members (or, in the case of any member that is a pass-through entity for U.S. federal income tax purposes, to its beneficial owners)) in an aggregate amount equal to the product of
(i) the net taxable income of the Borrower for such taxable year (or portion thereof), reduced by any cumulative net taxable loss with respect to all prior taxable years (or portions thereof) beginning after the date hereof (determined as
if all such periods were one period) to the extent such cumulative net taxable loss is of a character (ordinary or capital) that would permit such loss to be deducted against the income of the taxable year in question (or portion thereof) and
(ii) the highest combined marginal federal and applicable state and/or local income tax rate (taking into account, to the extent applicable, the deductibility of state and local income taxes for U.S. federal income tax purposes, the deduction
for qualified business income under Section 199A of the Code, and the character of the taxable income in question (i.e., long term capital gain, qualified dividend income, etc.)) applicable to any direct owner(s) (or, if a direct owner
is a pass-through entity, indirect owner(s)) of the Borrower for the taxable year in question (or portion thereof). 

“Permitted Transfers” means (a) Dispositions of inventory in the ordinary course of business;
(b) Dispositions of property to the Borrower or any Restricted Subsidiary; provided, that if the transferor of such property is a Loan Party then the transferee thereof must be a Loan Party; (c) Dispositions of accounts receivable
in connection with the collection or compromise thereof; (d) licenses, sublicenses, leases or subleases granted to others not interfering in any material respect with the business of the Borrower and its Restricted Subsidiaries; (e) the
sale or disposition of Cash Equivalents for fair market value, (f) Involuntary 

  
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Dispositions of property or assets to the extent Net Cash Proceeds therefrom are reinvested or used to make mandatory prepayments pursuant to Section 2.05(b)); and (g) Dispositions of
machinery, parts and equipment no longer used or useful in the conduct of the business of the Loan Parties or any of their Subsidiaries. 

“Person” means any natural person, corporation, limited liability company, trust, joint venture,
association, company, partnership, Governmental Authority or other entity. 
 “Plan” means any
employee benefit plan within the meaning of Section 3(3) of ERISA (including a Pension Plan), maintained for employees of a Loan Party or any ERISA Affiliate or any such Plan to which a Loan Party or any ERISA Affiliate is required to
contribute on behalf of any of its employees. 
 “Platform” has the meaning specified in
Section 6.02(p). 
 “Pledged Equity” has the meaning specified in
the Collateral Documents. 
 “PPP Loan” means the Payment Protection Program (PPP) loan from Radius
Bank to the Borrower dated April 20, 2020 in the initial principal amount of $10,000,000. 
 “Pre-Adjustment Successor Rate” has the meaning specified in Section 3.03(c). 

“PTE” means a prohibited transaction class exemption issued by the U.S. Department of Labor, as any
such exemption may be amended from time to time. 
 “Public Market” shall exist if (a) a Public
Offering has been consummated and (b) any Equity Interests of Holdings or any direct or indirect parent company of Holdings have been distributed by means of an effective registration statement under the Securities Act of 1933. 

“Public Offering” means a public offering of the Equity Interests of Holdings or any direct or
indirect parent company of Holdings pursuant to an effective registration statement under the Securities Act of 1933. 

“Qualified ECP Guarantor” means, at any time, each Loan Party with total assets exceeding $10,000,000
or that qualifies at such time as an “eligible contract participant” under the Commodity Exchange Act and can cause another Person to qualify as an “eligible contract participant” at such time under Section 1a(18)(A)(v)(II)
of the Commodity Exchange Act. 
 “Qualifying Control Agreement” means an agreement, among a Loan
Party, a depository institution or securities intermediary and the Administrative Agent, which agreement is in form and substance reasonably acceptable to the Administrative Agent and which provides the Administrative Agent with “control”
(as such term is used in Article 9 of the UCC or the PPSA) or dominion over the deposit account(s) or securities account(s) described therein. 

“Recipient” means the Administrative Agent, any Lender, any L/C Issuer or any other recipient of any
payment to be made by or on account of any obligation of any Loan Party hereunder. 
 “Refinancing
Indebtedness” means, with respect to any Indebtedness, refinancings, refundings, renewals or extensions thereof; provided that the amount of such Indebtedness is not increased at the time of such refinancing, refunding, renewal
or extension except by an amount equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such refinancing and by an amount equal to any existing commitments unutilized thereunder
and the direct or any contingent obligor with respect thereto is not changed, as a result of or in connection with such refinancing, refunding, renewal or extension; and, still further, that the terms relating to principal amount, amortization,
maturity, collateral (if any) and subordination, standstill and related terms (if any), and other 

  
 31 

 
material terms taken as a whole, of any such refinancing, refunding, renewing or extending Indebtedness, and of any agreement entered into and of any instrument issued in connection therewith,
are no less favorable in any material respect to the Loan Parties or the Lenders than the terms of any agreement or instrument governing the Indebtedness being refinanced, refunded, renewed or extended and the interest rate applicable to any such
refinancing, refunding, renewing or extending Indebtedness does not exceed the then applicable market interest rate. 

“Register” has the meaning specified in Section 11.06(c). 

“Regulation U” means Regulation U of the FRB, as in effect from time to time and all official rulings
and interpretations thereunder or thereof. 
 “Related Adjustment” means, in determining any LIBOR
Successor Rate, the first relevant available alternative set forth in the order below that can be determined by the Administrative Agent applicable to such LIBOR Successor Rate: 

(A)    the spread adjustment, or method for calculating or determining such spread adjustment, that has
been selected or recommended by the Relevant Governmental Body for the relevant Pre-Adjustment Successor Rate (taking into account the interest period, interest payment date or payment period for interest
calculated and/or tenor thereto) and which adjustment or method (x) is published on an information service as selected by the Administrative Agent from time to time in its reasonable discretion or (y) solely with respect to Term SOFR, if
not currently published, which was previously so recommended for Term SOFR and published on an information service acceptable to the Administrative Agent; or 

(B)    the spread adjustment that would apply (or has previously been applied) to the fallback rate for a
derivative transaction referencing the ISDA Definitions (taking into account the interest period, interest payment date or payment period for interest calculated and/or tenor thereto). 

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

“Release” means any release, spill, emission, discharge, deposit, disposal, leaking, pumping, pouring,
dumping, emptying, injection or leaching into the Environment, or into, from or through any building, structure or facility. 

“Relevant Governmental Body” means the Federal Reserve Board and/or the Federal Reserve Bank of New
York, or a committee officially endorsed or convened by the Federal Reserve Board and/or the Federal Reserve Bank of New York. 

“Reportable Event” means any of the events set forth in Section 4043(c) of ERISA, other than
events for which the thirty (30) day notice period has been waived. 
 “Request for Credit
Extension” means (a) with respect to a Borrowing, conversion or continuation of Term Loans, Incremental Term Loans or Revolving Loans, a Loan Notice, (b) with respect to an L/C Credit Extension, a Letter of Credit Application,
and (c) with respect to a Swingline Loan, a Swingline Loan Notice. 
 “Required
Class Lenders” means, at any time with respect to any Class of Loans or Commitments, Lenders having Total Credit Exposures with respect to such Class representing more than 50% of the Total
Credit Exposures of all Lenders of such Class. The Total Credit Exposure of any Defaulting Lender with respect to such Class shall be disregarded in determining Required Class Lenders at any time. 

  
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 “Required Incremental Term Lenders” means, at any
time, Incremental Term Lenders having Total Incremental Term Credit Exposures representing more than 50% of the Total Incremental Term Credit Exposures of all Incremental Term Lenders. The Total Incremental Term Credit Exposure of any Defaulting
Lender shall be disregarded in determining Required Incremental Term Lenders at any time. 
 “Required
Lenders” means, at any time, Lenders having Total Credit Exposures representing more than 50% of the Total Credit Exposures of all Lenders. The Total Credit Exposure of any Defaulting Lender shall be disregarded in determining Required
Lenders at any time; provided that, the amount of any participation in any Swingline Loan and Unreimbursed Amounts that such Defaulting Lender has failed to fund that have not been reallocated to and funded by another Lender shall be deemed
to be held by the Lender that is the Swingline Lender or the applicable L/C Issuer, as the case may be, in making such determination. 

“Required Revolving Lenders” means, at any time, Revolving Lenders having Total Revolving Exposures
representing more than 50% of the Total Revolving Exposures of all Revolving Lenders. The Total Revolving Exposure of any Defaulting Lender shall be disregarded in determining Required Revolving Lenders at any time; provided that, the amount
of any participation in any Swingline Loan and Unreimbursed Amounts that such Defaulting Lender has failed to fund that have not been reallocated to and funded by another Lender shall be deemed to be held by the Revolving Lender that is the
Swingline Lender or the applicable L/C Issuer, as the case may be, in making such determination. 
 “Required
Term Lenders” means, at any time, Term Lenders having Total Term Credit Exposures representing more than 50% of the Total Term Credit Exposures of all Term Lenders. The Total Term Credit Exposure of any Defaulting Lender shall be
disregarded in determining Required Term Lenders at any time. 
 “Resignation Effective Date” has
the meaning set forth in Section 9.06(a). 
 “Resolution Authority” means
an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority. 

“Responsible Officer” means the chief executive officer, president, chief financial officer,
treasurer, assistant treasurer or controller of a Loan Party, solely for purposes of the delivery of incumbency certificates pursuant to Section 4.01(b), the secretary or any assistant secretary of a Loan Party and,
solely for purposes of notices given pursuant to Article II, any other officer or employee of the applicable Loan Party so designated by any of the foregoing officers in a notice to the Administrative Agent or any other officer or employee of
the applicable Loan Party designated in or pursuant to an agreement between the applicable Loan Party and the Administrative Agent. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively
presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. To the extent
reasonably requested by the Administrative Agent, each Responsible Officer will provide an incumbency certificate and to the extent reasonably requested by the Administrative Agent, appropriate authorization documentation, in form and substance
satisfactory to the Administrative Agent. 
 “Restricted Obligations” has the meaning specified in
Section 10.12(a). 
 “Restricted Payment” means (a) any dividend or
other distribution (including without limitation Permitted Tax Distributions), direct or indirect, on account of any shares (or equivalent) of any class of Equity Interests of the Borrower or any of its Restricted Subsidiaries, now or hereafter
outstanding, (b) any redemption, retirement, sinking fund or similar payment, purchase, exchange or other acquisition for value, direct or indirect, of any shares (or equivalent) of any class of Equity Interests of the Borrower or any of its
Restricted Subsidiaries, now or hereafter outstanding, and (c) any payment made to retire, or to obtain the 

  
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surrender of, any outstanding warrants, options or other rights to acquire shares of any class of Equity Interests of any Loan Party or any of its Restricted Subsidiaries, now or hereafter
outstanding. The term “Restricted Payment” shall not include any such payments made directly with the proceeds of any Equity Interest (other than Disqualified Stock) contributions made to Holdings to the extent such payments are made
within 90 days of receipt of such proceeds. 
 “Restricted Subsidiary” means a Subsidiary of the
Borrower that is not an Unrestricted Subsidiary; provided that each Subsidiary of the Borrower that is a Guarantor shall constitute a Restricted Subsidiary at all times. 

“Revolving Borrowing” means a borrowing consisting of simultaneous Revolving Loans of the same Type
and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Revolving Lenders pursuant to Section 2.01(b). 

“Revolving Commitment” means, as to each Revolving Lender, its obligation to (a) make Revolving
Loans to the Borrower pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swingline Loans, in an aggregate principal amount at any one time outstanding
not to exceed the amount set forth opposite such Lender’s name on Schedule 1.01(b) under the caption “Revolving Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender
becomes a party hereto or in any Incremental Agreement, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement; it being understood that a Lender’s Revolving Commitment shall include any Incremental
Revolving Commitments and Extended Revolving Commitments of such Lender. The Revolving Commitment of all of the Revolving Lenders on the Closing Date shall be $111,250,000. 

“Revolving Exposure” means, as to any Lender at any time, the aggregate principal amount at such time
of its outstanding Revolving Loans and such Lender’s participation in L/C Obligations and Swingline Loans at such time. 

“Revolving Facility” means, at any time, the aggregate amount of the Revolving Lenders’ Revolving
Commitments at such time. 
 “Revolving Lender” means, at any time, (a) so long as any
Revolving Commitment is in effect, any Lender that has a Revolving Commitment at such time or (b) if the Revolving Commitments have terminated or expired, any Lender that has a Revolving Loan or a participation in L/C Obligations or Swingline
Loans at such time. 
 “Revolving Loan” has the meaning specified in
Section 2.01(b). 
 “Revolving Note” means a
promissory note made by the Borrower in favor of a Revolving Lender evidencing Revolving Loans or Swingline Loans, as the case may be, made by such Revolving Lender, substantially in the form of Exhibit G. 

“S&P” means Standard & Poor’s Financial Services LLC, a subsidiary of S&P Global
Inc., and any successor thereto. 
 “Sale and Leaseback Transaction” means, with respect to any Loan
Party or any Restricted Subsidiary, any arrangement, directly or indirectly, with any Person whereby such Loan Party or such Restricted Subsidiary shall sell or transfer any property 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 being sold or transferred. 

“Sanction(s)” means any sanctions administered or enforced by the United
States Government (including, without limitation, OFAC) or any other relevant sanctions authority. 

  
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 “SEC” means the Securities and Exchange Commission,
or any Governmental Authority succeeding to any of its principal functions. 
 “Secured Cash Management
Agreement” means any Cash Management Agreement between any Loan Party and any of its Restricted Subsidiaries and any Cash Management Bank. 

“Secured Hedge Agreement” means any interest rate, currency, foreign exchange, or commodity Swap
Contract required by or not prohibited under Article VI or VII between any Loan Party and any of its Restricted Subsidiaries and any Hedge Bank. 

“Secured Obligations” means all Obligations and all Additional Secured Obligations. 

“Secured Parties” means, collectively, the Administrative Agent, the Lenders, the L/C Issuers, the
Hedge Banks, the Cash Management Banks, the Indemnitees and each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to
Section 9.05. 
 “Secured Party Designation Notice” means a notice from
any Lender or an Affiliate of a Lender substantially in the form of Exhibit H. 
 “Securities
Act” means the Securities Act of 1933, including all amendments thereto and regulations promulgated thereunder. 

“Security Agreement” means the security and pledge agreement, dated as of the Closing Date, executed
in favor of the Administrative Agent by each of the Loan Parties. 
 “SEMS” means the Superfund
Enterprise Management System maintained by the U.S. Environmental Protection Agency. 

“Shareholders’ Equity” means, as of any date of determination,
consolidated shareholders’ equity of the Borrower and its Subsidiaries as of such date, determined in accordance with GAAP. 

“SOFR” with respect to any Business 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 (or any successor source) at approximately 8:00 a.m. (New York City time) on the
immediately succeeding Business Day and, in each case, that has been selected or recommended by the Relevant Governmental Body. 

“Solvency Certificate” means a solvency certificate in form and substance reasonably
satisfactory to the Administrative Agent. 
 “Solvent” and “Solvency” mean,
with respect to any Person on any date of determination, that on such date (a) the fair value of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person, (b) the present
fair saleable value of the assets of such Person is not less than the amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not have debts or liabilities
beyond such Person’s ability to pay such debts and liabilities as they mature, (d) such Person is not engaged in business or a transaction for which such Person’s property would constitute an unreasonably small capital, and
(e) such Person is able to pay its debts and liabilities, contingent obligations and other commitments as they mature in the ordinary course of business. The amount of contingent liabilities at any time shall be computed as the amount that, in
the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability. 

“Specified Loan Party” means any Loan Party that is not then an “eligible contract
participant” under the Commodity Exchange Act (determined prior to giving effect to Section 10.11). 

  
 35 

 “Specified Representations” means the
representations and warranties of Borrower and each other Loan Party contained in Sections 5.01(a) (with respect to organizational existence only), 5.01(b) (with respect to requisite power and authority only), 5.02(a),
5.02(c), 5.04, 5.13, 5.16, 5.18 and 5.21(a). 

“Subsidiary” of a Person means a corporation, partnership, joint venture, limited liability company or
other business entity of which a majority of the shares of Voting Stock is at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by such Person.
Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Borrower. 

“Swap Contract” means (a) any and all rate swap transactions, basis swaps, credit derivative
transactions, forward rate transactions, commodity swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index swaps or options or forward bond or forward bond price or forward
bond index transactions, interest rate options, forward foreign exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate swap transactions, currency options, spot contracts, or
any other similar transactions or any combination of any of the foregoing (including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any master agreement, and (b) any and all
transactions of any kind, and the related confirmations, which are subject to the terms and conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc., any International Foreign
Exchange Master Agreement, or any other master agreement used to document transactions of the type described in clause (a) (any such master agreement, together with any related schedules, a “Master Agreement”),
including any such obligations or liabilities under any Master Agreement. 
 “Swap Obligations”
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. 

“Swap Termination Value” means, in respect of any one or more Swap Contracts, after taking into
account the effect of any legally enforceable netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out and termination value(s) determined in accordance therewith, such
termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Swap
Contracts, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a
Lender). 
 “Swingline Borrowing” means a borrowing of a Swingline Loan pursuant to
Section 2.04. 
 “Swingline Commitment” means, as to any Lender
(a) the amount set forth opposite such Lender’s name on Schedule 2.01 hereof or (b) if such Lender has entered into an Assignment and Assumption or has otherwise assumed a Swingline Commitment after the Closing Date, the
amount set forth for such Lender as its Swingline Commitment in the Register maintained by the Administrative Agent pursuant to Section 11.06(c). 

“Swingline Lender” means Bank of America in its capacity as provider of Swingline Loans, or any
successor swingline lender hereunder. 
 “Swingline Loan” has the meaning specified in
Section 2.04(a). 
 “Swingline Loan Notice” means a notice of a Swingline
Borrowing pursuant to Section 2.04(b), which shall be substantially in the form of Exhibit I or such other form as approved by the Administrative Agent (including any form on an electronic platform or
electronic transmission system as shall be approved 

  
 36 

 
by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower. 

“Swingline Sublimit” means an amount equal to the lesser of (a) $15,000,000 and (b) the Revolving
Facility. The Swingline Sublimit is part of, and not in addition to, the Revolving Facility. 
 “Synthetic
Debt” means, with respect to any Person as of any date of determination thereof, all obligations of such Person in respect of transactions entered into by such Person that are intended to function primarily as a borrowing of funds but
are not otherwise included in the definition of “Indebtedness” or as a liability on the Consolidated balance sheet of such Person and its Subsidiaries in accordance with GAAP. 

“Synthetic Lease Obligation” means the monetary obligation of a Person under (a) a so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of property (including Sale and Leaseback Transactions), in
each case, creating obligations that do not appear on the balance sheet of such Person but which, upon the application of any Debtor Relief Laws to such Person, would be characterized as the indebtedness of such Person (without regard to accounting
treatment). 
 “Target” has the meaning set forth in the definition of “Permitted
Acquisition.” 
 “Tax Group” has the meaning set forth in the definition of “Permitted Tax
Distributions”. 
 “Taxes” means all present or future taxes, levies, imposts, duties,
deductions, withholdings (including backup withholding), assessments, or other charges in the nature of a tax imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Term Borrowing” means a borrowing consisting of simultaneous Term Loans or Incremental Term Loans of
the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders or Incremental Term Lenders, as applicable, pursuant to Article II. 

“Term Commitment” means, as to each Term Lender, its obligation to make Term Loans to the Borrower
pursuant to Section 2.01(a) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term Lender’s name on Schedule 1.01(b) under the caption “Term
Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement. The Term
Commitment of all of the Term Lenders on the Closing Date shall be $111,250,000. 
 “Term Facility”
means, at any time, (a) on or prior to the Closing Date, the aggregate amount of the Term Commitments at such time and (b) thereafter, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time. 

“Term Lender” means (a) at any time on or prior to the Closing Date, any Lender that has a Term
Commitment at such time and (b) at any time after the Closing Date, any Lender that holds Term Loans at such time. 

“Term Loan” means an advance made by any Term Lender under the Term Facility. 

“Term Note” means a promissory note made by the Borrower in favor of a Term Lender evidencing Term
Loans made by such Term Lender, substantially in the form of Exhibit J. 
 “Term SOFR” means
the forward-looking term rate for any period that is approximately (as reasonably determined by the Administrative Agent in good faith) as long as any of the Interest Period options set forth in the definition of “Interest Period” and that
is based on SOFR and that has been selected 

  
 37 

 
or recommended by the Relevant Governmental Body, in each case as published on an information service as selected by the Administrative Agent from time to time in its reasonable discretion. 

“Threshold Amount” means $10,000,000. 

“Total Credit Exposure” means, as to any Lender at any time, the unused Commitments, Revolving
Exposure and Outstanding Amount of all Term Loans and Incremental Term Loans of such Lender at such time. 

“Total Incremental Term Credit Exposure” means, as to any Incremental Term Lender at any time, the
Outstanding Amount of all Incremental Term Loans of such Incremental Term Lender at such time. 
 “Total
Revolving Exposure” means, as to any Revolving Lender at any time, the unused Commitments and Revolving Exposure of such Revolving Lender at such time. 

“Total Revolving Outstandings” means the aggregate Outstanding Amount of all Revolving Loans,
Swingline Loans and L/C Obligations. 
 “Total Term Credit Exposure” means, as to any Term Lender at
any time, the Outstanding Amount of all Term Loans of such Term Lender at such time. 
 “Trade Date”
has the meaning specified in Section 11.06(g)(i). 
 “Type” means,
with respect to a Loan, its character as a Base Rate Loan or a Eurodollar Rate Loan. 
 “UCC” means
the Uniform Commercial Code as in effect in the State of New York; provided that, if perfection or the effect of perfection or non-perfection or the priority of any security interest in any Collateral
is governed by the Uniform Commercial Code as in effect in a jurisdiction other than the State of New York, “UCC” means the Uniform Commercial Code as in effect from time to time in such other jurisdiction for purposes of the
provisions hereof relating to such perfection, effect of perfection or non-perfection or priority. 

“UCP” means the Uniform Customs and Practice for Documentary Credits, International Chamber of
Commerce Publication No. 600 (or such later version thereof as may be in effect at the applicable time). 

“UK Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook
(as amended form 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. 

“UK Resolution Authority” means the Bank of England or any other public administrative authority
having responsibility for the resolution of any UK Financial Institution. 
 “United States” and
“U.S.” mean the United States of America. 
 “Unreimbursed
Amount” has the meaning specified in Section 2.03(f). 

“Unrestricted Cash” means cash or Cash Equivalents of the Borrower or any of its Restricted
Subsidiaries that would not appear as “restricted” on a consolidated balance sheet of the Borrower and its Restricted Subsidiaries. 

“Unrestricted Subsidiary” means any Subsidiary of the Borrower designated by the Borrower as an
Unrestricted Subsidiary pursuant to Section 6.21; provided, that notwithstanding any designation of a Subsidiary of the Borrower as an Unrestricted Subsidiary and subject to Section 7.03,
the aggregate amount 

  
 38 

 
of (1) the Consolidated EBITDA of all Unrestricted Subsidiaries2 and (2) the aggregate amount of the Consolidated EBITDA of all
Immaterial Subsidiaries, shall not, at any time, exceed 7.5% of the Consolidated EBITDA of the Borrower and its Restricted Subsidiaries. The Borrower may designate any such Subsidiary of the Borrower or its Subsidiaries to be an Unrestricted
Subsidiary unless such Restricted Subsidiary or any of its Subsidiaries owns any Equity Interests or Indebtedness of, or owns or holds any Lien on any property of, any Loan Party or any Restricted Subsidiary of any Loan Party (other than any
Subsidiary of the Subsidiary to be so designated); provided that (i) each of (A) the subsidiary to be so designated and (B) its Subsidiaries has not at the time of designation, and does not thereafter, create, incur, issue, assume,
guarantee or otherwise become directly or indirectly liable with respect to any Indebtedness pursuant to which the lender has recourse to any of the assets of any Loan Party or any Restricted Subsidiary and (ii) for the avoidance of doubt, the
Borrower may not designate any Loan Party as an Unrestricted Subsidiary. As of the Closing Date, there are no Unrestricted Subsidiaries. 

“U.S. Person” means any Person that is a “United States
Person” as defined in Section 7701(a)(30) of the Code. 
 “U.S.
Tax Compliance Certificate” has the meaning specified in Section 3.01(f)(ii)(B)(3). 

“Voting Stock” means, with respect to any Person, Equity Interests issued by such Person the holders
of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even though the right to so vote has been suspended by the happening of such
contingency. 
 “Withholding Agent” means the Borrower and the Administrative Agent. 

“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. 

1.02    Other Interpretive Provisions. 

With reference to this Agreement and each other Loan Document, unless otherwise specified herein or in such other Loan
Document: 
 (a)        The definitions of terms herein shall apply
equally to the singular and plural forms of the terms defined. Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include,” “includes” and
“including” shall be deemed to be followed by the phrase “without limitation.” The word “will” shall be construed to have the same meaning and effect as the word “shall.” Unless the context requires otherwise,
(i) any definition of or reference to any agreement, instrument or other document (including the Loan Documents and any Organization Document) shall be construed as referring to such agreement, instrument or other document as from time to time
amended, amended and restated, modified, extended, restated, replaced or supplemented from time to time (subject to 
  

	2 	 Which, solely for the purposes of this clause (y)(1), Consolidated EBITDA of Unrestricted Subsidiaries shall
be calculated in the same manner as Consolidated EBITDA of the Borrower and its Restricted Subsidiaries. 

  
 39 

 
any restrictions on such amendments, supplements or modifications set forth herein or in any other Loan Document), (ii) any reference herein to any Person shall be construed to include such
Person’s successors and permitted assigns, (iii) the words “hereto,” “herein,” “hereof” and “hereunder,” and words of similar import when used in any Loan Document, shall be construed to refer to
such Loan Document in its entirety and not to any particular provision thereof, (iv) all references in a Loan Document to Articles, Sections, Preliminary Statements, Exhibits and Schedules shall be construed to refer to Articles and Sections
of, and Preliminary Statements, Exhibits and Schedules to, the Loan Document in which such references appear, (v) any reference to any law shall include all statutory and regulatory rules, regulations, orders and provisions consolidating,
amending, replacing or interpreting such law and any reference to any law, rule or regulation shall, unless otherwise specified, refer to such law, rule or regulation as amended, modified, extended, restated, replaced or supplemented from time to
time, and (vi) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and
contract rights. 
 (b)        In the computation of periods of time
from a specified date to a later specified date, the word “from” means “from and including;” the words “to” and “until” each mean “to but excluding;” and the word “through” means “to
and including.” 
 (c)        Section headings herein and in
the other Loan Documents are included for convenience of reference only and shall not affect the interpretation of this Agreement or any other Loan Document. 

(d)        Any reference herein to a merger, transfer, consolidation,
amalgamation, assignment, sale, disposition or transfer, or similar term, shall be deemed to apply to a division of or by a limited liability company, or an allocation of assets to a series of a limited liability company (or the unwinding of such a
division or allocation), as if it were a merger, transfer, consolidation, amalgamation, assignment, sale, disposition or transfer, or similar term, as applicable, to, of or with a separate Person. Any division of a limited liability company shall
constitute a separate Person hereunder (and each division of any limited liability company that is a Subsidiary, joint venture or any other like term shall also constitute such a Person or entity). 

(e)        Whenever any provision of any Loan Document refers to the
knowledge, or analogous phrase, of a Loan Party, such words are intended to signify that a Responsible Officer of such Loan Party has actual knowledge or awareness of a particular fact or circumstance or has been provided notice by the
Administrative Agent or any Lender of such particular fact or circumstance. 
 1.03    Accounting
Terms. 
 (a)        Generally. All accounting terms
not specifically or completely defined herein shall be construed in conformity with, and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in
conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a manner consistent with that used in preparing the Audited Financial Statements, except as otherwise specifically prescribed herein. 

Notwithstanding the foregoing, for purposes of determining compliance with any covenant (including the
computation of any financial covenant) contained herein, (i) Indebtedness of the Borrower and its Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 and FASB ASC
470–20 on financial liabilities shall be disregarded, (ii) all liability amounts shall be determined excluding any liability relating to any operating lease, all asset amounts shall be determined excluding any right-of-use assets relating 

  
 40 

 
to any operating lease, all amortization amounts shall be determined excluding any amortization of a right-of-use
asset relating to any operating lease, and all interest amounts shall be determined excluding any deemed interest comprising a portion of fixed rent payable under any operating lease, in each case to the extent that such liability, asset,
amortization or interest pertains to an operating lease under which the covenantor or a member of its consolidated group is the lessee and would not have been accounted for as such under GAAP as in effect on December 31, 2015, and
(iii) all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made, without giving effect to any election under FASB ASC Topic 825 “Financial
Instruments” (or any other financial accounting standard having a similar result or effect) to value any Indebtedness of the Borrower or any Subsidiary at “fair value”, as defined therein. For purposes of determining the amount of any
outstanding Indebtedness, no effect shall be given to (x) any election by the Borrower to measure an item of Indebtedness using fair value (as permitted by Financial Accounting Standards Board Accounting Standards Codification
825–10–25 (formerly known as FASB 159) or any similar accounting standard) or (y) any change in accounting for leases pursuant to GAAP resulting from the implementation of Financial Accounting Standards Board ASU
No. 2016–02, Leases (Topic 842), to the extent such adoption or change would require recognition of a lease liability where such lease (or similar arrangement) would not have required a lease liability under GAAP as in effect on
December 31, 2015. 
 (b)        Changes in
GAAP/Accounting. If at any time any change in GAAP or any accounting change made by the Borrower that is permitted by GAAP and Section 7.12(d) would affect the computation of any financial ratio or requirement
set forth in any Loan Document, and either the Borrower or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the original intent
thereof in light of such change in GAAP or accounting change permitted by GAAP (subject to the approval of the Required Lenders); provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance
with GAAP prior to any such change and (ii) the Borrower shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a
reconciliation between calculations of such ratio or requirement made before and after giving effect to such change in GAAP or accounting change permitted by GAAP. 

(c)        Pro Forma Treatment. All pro forma
calculations permitted or required to be made by the Borrower or any Subsidiary pursuant to this Agreement shall include only those adjustments that (a) have been certified by a Responsible Officer of the Borrower as having been prepared in
good faith based upon reasonable assumptions and (b) are required by the definition of “Consolidated EBITDA”. 

1.04    Rounding. 

Any financial ratios required to be maintained by the Borrower pursuant to this Agreement shall be calculated by dividing the
appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a
rounding-up if there is no nearest number). 

1.05    Times of Day. 

Unless otherwise specified, all references herein to times of day shall be references to Eastern time (daylight or standard,
as applicable). 

  
 41 

 1.06    Letter of Credit Amounts. 

Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the stated amount of
such Letter of Credit in effect at such time; provided, however, that with respect to any Letter of Credit that, by its terms or the terms of any Issuer Document related thereto, provides for one or more automatic increases in the
stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time. 

1.07    UCC Terms. 

Terms defined in the UCC in effect on the Closing Date and not otherwise defined herein shall, unless the context otherwise
indicates, have the meanings provided by those definitions. Subject to the foregoing, the term “UCC” refers, as of any date of determination, to the UCC then in effect. 

1.08    Rates. 

The Administrative Agent does not warrant, nor accept responsibility, nor shall the Administrative Agent have any liability
with respect to the administration, submission or any other matter related to the rates in the definition of “Eurodollar Rate” or with respect to any rate that is an alternative or replacement for or successor to any of such rates
(including, without limitation, any LIBOR Successor Rate) or the effect of any of the foregoing, or of any LIBOR Successor Rate Conforming Changes. 

ARTICLE II 

COMMITMENTS AND CREDIT EXTENSIONS 

2.01    Loans. 

(a)        Term Borrowing. Subject to the terms and
conditions set forth herein, each Term Lender severally agrees to make a single loan to the Borrower, in Dollars, on the Closing Date in an amount not to exceed such Term Lender’s Applicable Percentage of the Term Facility. The Term Borrowing
shall consist of Term Loans made simultaneously by the Term Lenders in accordance with their respective Applicable Percentage of the Term Facility. Term Borrowings repaid or prepaid may not be reborrowed. Term Loans may be Base Rate Loans or
Eurodollar Rate Loans, as further provided herein; provided, however, any Term Borrowing made on the Closing Date or any of the three (3) Business Days following the Closing Date shall be made as Base Rate Loans unless the
Borrower delivers a Funding Indemnity Letter not less than three (3) Business Days prior to the date of such Term Borrowing. 

(b)        Revolving Borrowings. Subject to the terms
and conditions set forth herein, each Revolving Lender severally agrees to make loans (each such loan, a “Revolving Loan”) to the Borrower, in Dollars, from time to time, on any Business Day during the Availability Period, in
an aggregate principal amount not to exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to any Revolving Borrowing, (i) the Total Revolving
Outstandings shall not exceed the Revolving Facility, and (ii) the Revolving Exposure of any Lender shall not exceed such Revolving Lender’s Revolving Commitment. Within the limits of each Revolving Lender’s Revolving Commitment, and
subject to the other terms and conditions hereof, the Borrower may borrow Revolving Loans, prepay under Section 2.05, and reborrow under this Section 2.01(b). Revolving Loans may be Base Rate Loans
or Eurodollar Rate Loans, as further provided herein; provided, however, any Revolving Borrowings made on the Closing Date or any of the three (3) Business Days following the Closing Date shall be made as Base Rate Loans unless
the Borrower delivers a Funding Indemnity Letter not less than 

  
 42 

 
three (3) Business Days prior to the date of such Revolving Borrowing. 

2.02    Borrowings, Conversions and Continuations of Loans. 

(a)        Notice of Borrowing. Each Borrowing, each conversion
of Loans from one Type to the other, and each continuation of Eurodollar Rate Loans shall be made upon the Borrower’s irrevocable written notice to the Administrative Agent, which may be given by: (i) telephone or (ii) a Loan Notice;
provided that any telephonic notice must be confirmed immediately by delivery to the Administrative Agent of a Loan Notice. Each such Loan Notice must be received by the Administrative Agent not later than 1:00 p.m. (A) three (3)
Business Days prior to the requested date of any Borrowing of, conversion to or continuation of Eurodollar Rate Loans or of any conversion of Eurodollar Rate Loans to Base Rate Loans, and (B) on the requested date of any Borrowing of Base Rate
Loans; provided, however, that if the Borrower wishes to request Eurodollar Rate Loans having an Interest Period other than one (1), two (2), three (3) or six (6) months in duration as provided in the definition of
“Interest Period”, the applicable notice must be received by the Administrative Agent not later than 2:00 p.m. four (4) Business Days prior to the requested date of such Borrowing, conversion or continuation, whereupon the
Administrative Agent shall give prompt notice to the Appropriate Lenders of such request and determine whether the requested Interest Period is acceptable to all of them. Not later than 1:00 p.m., three (3) Business Days before the requested
date of such Borrowing, conversion or continuation, the Administrative Agent shall notify the Borrower (which notice may be by telephone) whether or not the requested Interest Period has been consented to by all the Lenders. Each Borrowing of,
conversion to or continuation of Eurodollar Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof (or, in connection with any conversion or continuation of a Term Loan, if less, the entire
principal thereof then outstanding). Except as provided in Sections 2.03(c) and 2.04(c), each Borrowing of or conversion to Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess
thereof (or, in connection with any conversion or continuation of a Term Loan, if less, the entire principal thereof then outstanding). Each Loan Notice and each telephonic notice shall specify (I) the applicable Facility and whether the
Borrower is requesting a Borrowing, a conversion of Loans from one Type to the other, or a continuation of Loans, as the case may be, under such Facility, (II) the requested date of the Borrowing, conversion or continuation, as the case may be
(which shall be a Business Day), (III) the principal amount of Loans to be borrowed, converted or continued, (IV) the Type of Loans to be borrowed or to which existing Loans are to be converted, and (V) if applicable, the duration of the
Interest Period with respect thereto. If the Borrower fails to specify a Type of Loan in a Loan Notice or if the Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Loans shall be made as, or converted
to, Base Rate Loans. Any such automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurodollar Rate Loans. If the Borrower requests a Borrowing of,
conversion to, or continuation of Eurodollar Rate Loans in any such Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one (1) month. Notwithstanding anything to the contrary herein,
a Swingline Loan may not be converted to a Eurodollar Rate Loan. 

(b)        Advances. Following receipt of a Loan Notice for a
Facility, the Administrative Agent shall promptly notify each Appropriate Lender of the amount of its Applicable Percentage under such Facility of the applicable Loans, and if no timely notice of a conversion or continuation is provided by the
Borrower, the Administrative Agent shall notify each Appropriate Lender of the details of any automatic conversion to Base Rate Loans described in Section 2.02(a). In the case of a Borrowing, each Appropriate Lender
shall make the amount of its Loan available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office not later than 1:00 p.m. on the Business Day specified in the applicable Loan Notice. Upon satisfaction
of 

  
 43 

 
the applicable conditions set forth in Section 4.02 (and, if such Borrowing is the initial Credit Extension, Section 4.01), the Administrative
Agent shall make all funds so received available to the Borrower in like funds as received by the Administrative Agent either by (i) crediting the account of the Borrower on the books of Bank of America with the amount of such funds or
(ii) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the Borrower; provided, however, that if, on the date a Loan Notice with respect
to a Revolving Borrowing is given by the Borrower, there are L/C Borrowings outstanding, then the proceeds of such Revolving Borrowing, first, shall be applied to the payment in full of any such L/C Borrowings, and
second, shall be made available to the Borrower as provided above. 

(c)        Eurodollar Rate Loans. Except as otherwise provided
herein, a Eurodollar Rate Loan may be continued or converted only on the last day of an Interest Period for such Eurodollar Rate Loan. During the existence of Default, no Loans may be requested as, converted to or continued as Eurodollar Rate Loans
without the consent of the Required Lenders, and the Required Lenders may demand that any or all of the outstanding Eurodollar Rate Loans be converted immediately to Base Rate Loans. 

(d)        Interest Rates. Each determination of an interest
rate by the Administrative Agent pursuant to any provision of this Agreement shall be conclusive and binding on the Borrower and the Lenders in the absence of manifest error. 

(e)        Interest Periods. After giving effect to all Term
Borrowings, all conversions of Term Loans and Incremental Term Loans from one Type to the other, and all continuations of Term Loans and Incremental Term Loans as the same Type, there shall not be more than four (4) Interest Periods in effect
in respect of the Term Facility and Incremental Term Facility. After giving effect to all Revolving Borrowings, all conversions of Revolving Loans from one Type to the other, and all continuations of Revolving Loans as the same Type, there shall not
be more than eight (8) Interest Periods in effect in respect of the Revolving Facility. 

(f)        Cashless Settlement Mechanism. Notwithstanding
anything to the contrary in this Agreement, any Lender may exchange, continue or rollover all or the portion of its Loans in connection with any refinancing, extension, loan modification or similar transaction permitted by the terms of this
Agreement, pursuant to a cashless settlement mechanism approved by the Borrower, the Administrative Agent and such Lender. 

2.03    Letters of Credit. 

(a)        The Letter of Credit Commitment. Subject to the
terms and conditions set forth herein, in addition to the Loans provided for in Section 2.01, the Borrower may request that any L/C Issuer, in reliance on the agreements of the Revolving Lenders set forth in this
Section 2.03, issue, at any time and from time to time during the Availability Period, Letters of Credit denominated in Dollars for its own account or the account of any of its Restricted Subsidiaries in such form as is
acceptable to the Administrative Agent and such L/C Issuer in its reasonable determination. Letters of Credit issued hereunder shall constitute utilization of the Revolving Commitments. 

(b)        Notice of Issuance, Amendment, Extension, Reinstatement
or Renewal. To request the issuance of a Letter of Credit (or the amendment of the terms and conditions, extension of the terms and conditions, extension of the expiration date, or reinstatement of amounts paid, or renewal of an outstanding
Letter of Credit), the Borrower shall deliver (or transmit by electronic communication, if arrangements for doing so have been approved by the applicable L/C Issuer) to an L/C Issuer selected by it and to the Administrative Agent not later than
11:00 a.m. at least two 

  
 44 

 
(2) Business Days (or such later date and time as the Administrative Agent and such L/C Issuer may agree in a particular instance in their sole discretion) prior to the proposed issuance date or
date of amendment, as the case may be a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, extended, reinstated or renewed, and specifying the date of issuance, amendment, extension,
reinstatement or renewal (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with clause (d) of this Section 2.03), the amount of such Letter of Credit, the
name and address of the beneficiary thereof, the purpose and nature of the requested Letter of Credit and such other information as shall be necessary to prepare, amend, extend, reinstate or renew such Letter of Credit. If requested by the
applicable L/C Issuer, the Borrower also shall submit a letter of credit application and reimbursement agreement on such L/C Issuer’s standard form in connection with any request for a Letter of Credit. In the event of any inconsistency between
the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application and reimbursement agreement or other agreement submitted by the Borrower to, or entered into by the Borrower with, an L/C Issuer
relating to any Letter of Credit, the terms and conditions of this Agreement shall control. 

(c)        Limitations on Amounts, Issuance and Amendment. A
Letter of Credit shall be issued, amended, extended, reinstated or renewed only if (and upon issuance, amendment, extension, reinstatement or renewal of each Letter of Credit the Borrower shall be deemed to represent and warrant that), after giving
effect to such issuance, amendment, extension, reinstatement or renewal (w) the aggregate amount of the outstanding Letters of Credit issued by any L/C Issuer shall not exceed its L/C Commitment, (x) the aggregate L/C Obligations shall not
exceed the Letter of Credit Sublimit, (y) the Revolving Exposure of any Lender shall not exceed its Revolving Commitment and (z) the Total Revolving Exposure shall not exceed the total Revolving Commitments. 

(i)         No L/C Issuer shall be under any obligation to issue
any 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 such L/C Issuer from issuing the Letter of Credit, or any Law applicable to such L/C Issuer or any request or directive (whether or not having the
force of law) from any Governmental Authority with jurisdiction over such L/C Issuer shall prohibit, or request that such L/C Issuer refrain from, the issuance of letters of credit generally or the Letter of Credit in particular or shall impose upon
such L/C Issuer with respect to the Letter of Credit any restriction, reserve or capital requirement (for which such L/C Issuer is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon such L/C Issuer any
unreimbursed loss, cost or expense which was not applicable on the Closing Date and which such L/C Issuer in good faith deems material to it; 

(B)        the issuance of such Letter of Credit would violate one or
more policies of such L/C Issuer applicable to letters of credit generally; 

(C)        except as otherwise agreed by the Administrative Agent and
such L/C Issuer, the Letter of Credit is in an initial stated amount less than $250,000; 

(D)        any Revolving Lender is at that time a Defaulting Lender,
unless such L/C Issuer has entered into arrangements, including the delivery of Cash Collateral, satisfactory to such L/C Issuer (in its sole discretion) with the Borrower 

  
 45 

 
or such Lender to eliminate such L/C Issuer’s actual or potential Fronting Exposure (after giving effect to Section 2.15(a)(iv)) with respect to the
Defaulting Lender arising from either the Letter of Credit then proposed to be issued or that Letter of Credit and all other L/C Obligations as to which such L/C Issuer has actual or potential Fronting Exposure, as it may elect in its sole
discretion; or 
 (E)        the Letter of Credit contains any
provisions for automatic reinstatement of the stated amount after any drawing thereunder. 

(ii)        No L/C Issuer shall be under any obligation to amend any
Letter of Credit if (A) such L/C Issuer would have no obligation at such time to issue the Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of the Letter of Credit does not accept the proposed amendment
to the Letter of Credit. 
 (d)        Expiration Date. Each
Letter of Credit shall have a stated expiration date no later than the earlier of (i) the date twelve (12) months after the date of the issuance of such Letter of Credit (or, in the case of any extension of the expiration date thereof,
whether automatic or by amendment, twelve months after the then-current expiration date of such Letter of Credit) and (ii) the date that is five (5) Business Days prior to the Maturity Date. 

(e)        Participations. 

(i)        By the issuance of a Letter of Credit (or an amendment to
a Letter of Credit increasing the amount or extending the expiration date thereof), and without any further action on the part of the applicable L/C Issuer or the Lenders, such L/C Issuer hereby grants to each Revolving Lender, and each Revolving
Lender hereby acquires from such L/C Issuer, a participation in such Letter of Credit equal to such Lender’s Applicable Percentage of the aggregate amount available to be drawn under such Letter of Credit. Each Revolving Lender acknowledges and
agrees that its obligation to acquire participations pursuant to this clause (e) in respect of Letters of Credit is absolute, unconditional and irrevocable and shall not be affected by any circumstance whatsoever, including any
amendment, extension, reinstatement or renewal of any Letter of Credit or the occurrence and continuance of a Default or reduction or termination of the Revolving Commitments. 

(ii)        In consideration and in furtherance of the foregoing,
each Revolving Lender hereby absolutely, unconditionally and irrevocably agrees to pay to the Administrative Agent, for account of the applicable L/C Issuer, such Lender’s Applicable Percentage of each L/C Disbursement made by an L/C Issuer not
later than 1:00 p.m. on the Business Day specified in the notice provided by the Administrative Agent to the Revolving Lenders pursuant to Section 2.03(f) until such L/C Disbursement is reimbursed by the Borrower or
at any time after any reimbursement payment is required to be refunded to the Borrower for any reason, including after the Maturity Date. Such payment shall be made without any offset, abatement, withholding or reduction whatsoever. Each such
payment shall be made in the same manner as provided in Section 2.02 with respect to Loans made by such Lender (and Section 2.02 shall apply, mutatis mutandis, to the payment obligations of the Revolving Lenders
pursuant to this Section 2.03), and the Administrative Agent shall promptly pay to the applicable L/C Issuer the amounts so received by it from the Lenders. Promptly following receipt by the Administrative Agent of any
payment from the Borrower pursuant to Section 2.03(f), the Administrative Agent shall distribute such payment to the applicable L/C Issuer or, to the extent that the Revolving Lenders have made payments pursuant to
this clause (e) to reimburse such L/C 

  
 46 

 
Issuer, then to such Lenders and such L/C Issuer as their interests may appear. Any payment made by a Lender pursuant to this clause (e) to reimburse an L/C Issuer for any L/C
Disbursement shall not constitute a Loan and shall not relieve the Borrower of its obligation to reimburse such L/C Disbursement. 

(iii)        Each Revolving Lender further acknowledges and agrees
that its participation in each Letter of Credit will be automatically adjusted to reflect such Lender’s Applicable Percentage of the aggregate amount available to be drawn under such Letter of Credit at each time such Lender’s Commitment
is amended pursuant to the operation of Sections 2.16 or 2.17, as a result of an assignment in accordance with Section 11.06 or otherwise pursuant to this Agreement. 

(iv)        If any Revolving Lender fails to make available to the
Administrative Agent for the account of the applicable L/C Issuer any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.03(e), then, without limiting the other
provisions of this Agreement, the applicable L/C Issuer shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to
the date on which such payment is immediately available to such L/C Issuer at a rate per annum equal to the greater of the Federal Funds Rate and a rate determined by the applicable L/C Issuer in accordance with banking industry rules on
interbank compensation, plus any administrative, processing or similar fees customarily charged by such L/C Issuer in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid
shall constitute such Lender’s Revolving Loan included in the relevant Revolving Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case may be. A certificate of any L/C Issuer submitted to any Revolving Lender (through
the Administrative Agent) with respect to any amounts owing under this clause (e)(iv) shall be conclusive absent manifest error. 

(f)        Reimbursement. If an L/C Issuer shall make any L/C
Disbursement in respect of a Letter of Credit, the Borrower shall reimburse such L/C Issuer in respect of such L/C Disbursement by paying to the Administrative Agent an amount equal to such L/C Disbursement not later than 2:00 p.m. on the Business
Day immediately following the day that the Borrower receives such notice, provided that, if such L/C Disbursement is not less than $250,000, the Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with
Section 2.02 or Section 2.04 that such payment be financed with a Borrowing of Base Rate Loans or Swingline Loan in an equivalent amount and, to the extent so financed, the Borrower’s obligation to make such payment
shall be discharged and replaced by the resulting Borrowing of Base Rate Loans or Swingline Loan. If the Borrower fails to make such payment when due, the Administrative Agent shall notify each Revolving Lender of the applicable L/C Disbursement,
the payment then due from the Borrower in respect thereof (the “Unreimbursed Amount”) and such Lender’s Applicable Percentage thereof. Promptly upon receipt of such notice, each Revolving Lender shall pay to the
Administrative Agent its Applicable Percentage of the Unreimbursed Amount pursuant to Section 2.03(e)(ii), subject to the amount of the unutilized portion of the aggregate Revolving Commitments. Any notice given by
any L/C Issuer or the Administrative Agent pursuant to this Section 2.03(f) may be given by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not
affect the conclusiveness or binding effect of such notice. 

(g)        Obligations Absolute. The Borrower’s obligation
to reimburse L/C Disbursements as provided in clause (f) of this Section 2.03 shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement
under any and all 

  
 47 

 
circumstances whatsoever and irrespective of: 

(i)        any lack of validity or enforceability of this Agreement,
any other Loan Document or any Letter of Credit, or any term or provision herein or therein; 

(ii)        the existence of any claim, counterclaim, setoff, defense
or other right that the Borrower or any Subsidiary may have at any time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting), any L/C Issuer or any
other Person, whether in connection with this Agreement, the transactions contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction; 

(iii)        any draft, demand, certificate or other document
presented under such Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement in such draft or other document being untrue or inaccurate in any respect; or any loss or delay in the transmission or
otherwise of any document required in order to make a drawing under such Letter of Credit; 

(iv)        waiver by any L/C Issuer of any requirement that exists
for such L/C Issuer’s protection and not the protection of the Borrower or any waiver by such L/C Issuer which does not in fact materially prejudice the Borrower; 

(v)        honor of a demand for payment presented electronically
even if such Letter of Credit required that demand be in the form of a draft; 

(vi)        any payment made by any L/C Issuer in respect of an
otherwise complying item presented after the date specified as the expiration date of, or the date by which documents must be received under such Letter of Credit if presentation after such date is authorized by the UCC, the ISP or the UCP, as
applicable; 
 (vii)        payment by the applicable L/C Issuer
under a Letter of Credit against presentation of a draft or other document that does not comply strictly with the terms of such Letter of Credit; or any payment made by any L/C Issuer under such Letter of Credit to any Person purporting to be a
trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors, liquidator, receiver or other representative of or successor to any beneficiary or
any transferee of such Letter of Credit, including any arising in connection with any proceeding under any Debtor Relief Law; or 

(viii)        any other event or circumstance whatsoever, whether or
not similar to any of the foregoing, that might, but for the provisions of this Section 2.03, constitute a legal or equitable discharge of, or provide a right of setoff against, the Borrower’s obligations hereunder.

 (h)        Examination. The Borrower shall promptly
examine a copy of each Letter of Credit and each amendment thereto that is delivered to it and, in the event of any claim of noncompliance with the Borrower’s instructions or other irregularity, the Borrower will immediately notify the
applicable L/C Issuer. The Borrower shall be conclusively deemed to have waived any such claim against each L/C Issuer and its correspondents unless such notice is given as aforesaid. 

(i)        Liability. None of the Administrative Agent, the
Lenders, any L/C Issuer, or any of their Related Parties shall have any liability or responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit by the applicable L/C Issuer or any payment or failure to make
any payment thereunder (irrespective of any of the circumstances referred to in the 

  
 48 

 
preceding sentence), or any error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit
(including any document required to make a drawing thereunder), any error in interpretation of technical terms, any error in translation or any consequence arising from causes beyond the control of the applicable L/C Issuer; provided that the
foregoing shall not be construed to excuse an L/C Issuer from liability to the Borrower to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by the Borrower to the extent permitted by
Applicable Law) suffered by the Borrower that are caused by such L/C Issuer’s failure to exercise care when determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof. The parties hereto
expressly agree that, in the absence of gross negligence or willful misconduct on the part of an L/C Issuer (as finally determined by a court of competent jurisdiction), an L/C Issuer shall be deemed to have exercised care in each such
determination, and that: 
 (i)        an L/C Issuer may replace a
purportedly lost, stolen, or destroyed original Letter of Credit or missing amendment thereto with a certified true copy marked as such or waive a requirement for its presentation; 

(ii)        an L/C Issuer may accept documents that appear on their
face to be in substantial compliance with the terms of a Letter of Credit without responsibility for further investigation, regardless of any notice or information to the contrary, and may make payment upon presentation of documents that appear on
their face to be in substantial compliance with the terms of such Letter of Credit and without regard to any non-documentary condition in such Letter of Credit; 

(iii)        an L/C Issuer shall have the right, in its sole
discretion, to decline to accept such documents and to make such payment if such documents are not in strict compliance with the terms of such Letter of Credit; and 

(iv)        this sentence shall establish the standard of care to be
exercised by an L/C Issuer when determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof (and the parties hereto hereby waive, to the extent permitted by Applicable Law, any standard of care
inconsistent with the foregoing). 
 Without limiting the foregoing, none of the Administrative Agent, the Lenders, any L/C
Issuer, or any of their Related Parties shall have any liability or responsibility by reason of (A) any presentation that includes forged or fraudulent documents or that is otherwise affected by the fraudulent, bad faith, or illegal conduct of
the beneficiary or other Person, (B) an L/C Issuer declining to take-up documents and make payment, (C) against documents that are fraudulent, forged, or for other reasons by which that it is
entitled not to honor, (D) following a Borrower’s waiver of discrepancies with respect to such documents or request for honor of such documents or (E) an L/C Issuer retaining proceeds of a Letter of Credit based on an apparently
applicable attachment order, blocking regulation, or third-party claim notified to such L/C Issuer. 

(j)        Applicability of ISP and UCP. Unless otherwise
expressly agreed by the applicable L/C Issuer and the Borrower when a Letter of Credit is issued by it (including any such agreement applicable to an Existing Letter of Credit), (i) the rules of the ISP shall apply to each standby Letter of Credit,
and (ii) the rules of the UCP shall apply to each commercial Letter of Credit. Notwithstanding the foregoing, no L/C Issuer shall be responsible to the Borrower for, and no L/C Issuer’s rights and remedies against the Borrower shall be
impaired by, any action or inaction of any L/C Issuer required or permitted under any law, order, or practice that is required 

  
 49 

 
or permitted to be applied to any Letter of Credit or this Agreement, including the Law or any order of a jurisdiction where any L/C Issuer or the beneficiary is located, the practice stated in
the ISP or UCP, as applicable, or in the decisions, opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade – International Financial Services Association (BAFT-IFSA),
or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such law or practice. 

(k)        Benefits. Each L/C Issuer shall act on behalf of the
Lenders with respect to any Letters of Credit issued by it and the documents associated therewith, and each L/C Issuer shall have all of the benefits and immunities (i) provided to the Administrative Agent in Article IX with respect to
any acts taken or omissions suffered by such L/C Issuer in connection with Letters of Credit issued by it or proposed to be issued by it and Issuer Documents pertaining to such Letters of Credit as fully as if the term “Administrative
Agent” as used in Article IX included such L/C Issuer with respect to such acts or omissions, and (ii) as additionally provided herein with respect to such L/C Issuer. 

(l)        Letter of Credit Fees. The Borrower shall pay to the
Administrative Agent for the account of each Revolving Lender in accordance with its Applicable Revolving Percentage a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Rate
times the daily amount available to be drawn under such Letter of Credit. Letter of Credit Fees shall be (i) payable on the first Business Day following each fiscal quarter end, commencing with the first such date to occur after the
issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand and (ii) accrued through and including the last day of each fiscal quarter in arrears. If there is any change in the Applicable Rate during any
quarter, the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. Notwithstanding anything to
the contrary contained herein, upon the request of the Required Revolving Lenders, while any Event of Default exists, all Letter of Credit Fees shall accrue at the Default Rate. 

(m)        Fronting Fee and Documentary and Processing Charges
Payable to L/C Issuers. The Borrower shall pay directly to the applicable L/C Issuer for its own account a fronting fee with respect to each Letter of Credit, at the rate per annum equal to 0.125%, computed on the daily amount available
to be drawn under such Letter of Credit on a quarterly basis in arrears. Such fronting fee shall be due and payable no later than the tenth Business Day after the end of each fiscal quarter end in the most recently-ended quarterly period (or portion
thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Maturity Date and thereafter on demand. For purposes of computing the daily amount available to be drawn
under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06. In addition, the Borrower shall pay directly to the applicable L/C Issuer for its own account the
customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such L/C Issuer relating to letters of credit as from time to time in effect. Such customary fees and standard costs and charges are due
and payable on demand and are nonrefundable. 

(n)        Disbursement Procedures. The L/C Issuer for any
Letter of Credit shall, within the time allowed by Applicable Laws or the specific terms of the Letter of Credit following its receipt thereof, examine all documents purporting to represent a demand for payment under such Letter of Credit. Such L/C
Issuer shall promptly after such examination notify the Administrative Agent and the Borrower in writing of such demand for payment if such L/C Issuer has made or will make an L/C Disbursement thereunder; provided that any failure to give or
delay in giving such notice shall not relieve the Borrower of its obligation to reimburse such L/C Issuer and the Lenders with respect 

  
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to any such L/C Disbursement. 

(o)        Interim Interest. If the L/C Issuer for any standby
Letter of Credit shall make any L/C Disbursement, then, unless the Borrower shall reimburse such L/C Disbursement in full on the date such L/C Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the
date such L/C Disbursement is made to but excluding the date that the Borrower reimburses such L/C Disbursement, at the rate per annum then applicable to Base Rate Loans; provided that if the Borrower fails to reimburse such L/C Disbursement
when due pursuant to clause (f) of this Section 2.03, then Section 2.08(b) shall apply. Interest accrued pursuant to this clause (o) shall be for account of such L/C
Issuer, except that interest accrued on and after the date of payment by any Lender pursuant to clause (f) of this Section 2.03 to reimburse such L/C Issuer shall be for account of such Lender to the extent of
such payment. 
 (p)        Replacement of any L/C
Issuer. Any L/C Issuer may be replaced at any time by written agreement between the Borrower, the Administrative Agent, the replaced L/C Issuer and the successor L/C Issuer. The Administrative Agent shall notify the Lenders of any such
replacement of an L/C Issuer. At the time any such replacement shall become effective, the Borrower shall pay all unpaid fees accrued for the account of the replaced L/C Issuer pursuant to Section 2.03(m). From and
after the effective date of any such replacement, (i) the successor L/C Issuer shall have all the rights and obligations of an L/C Issuer under this Agreement with respect to Letters of Credit to be issued by it thereafter and
(ii) references herein to the term “L/C Issuer” shall be deemed to include such successor or any previous L/C Issuer, or such successor and all previous L/C Issuer, as the context shall require. After the replacement of an L/C Issuer
hereunder, the replaced L/C Issuer shall remain a party hereto and shall continue to have all the rights and obligations of an L/C Issuer under this Agreement with respect to Letters of Credit issued by it prior to such replacement, but shall not be
required to issue additional Letters of Credit. 

(q)        Cash Collateralization. 

(i)        If any Event of Default shall occur and be continuing, on
the Business Day that the Borrower receives notice from the Administrative Agent or the Required Revolving Lenders (or, if the maturity of the Loans has been accelerated, Revolving Lenders with L/C Obligations representing at least 66 2/3% of the
total L/C Obligations) demanding the deposit of Cash Collateral pursuant to this clause (q), the Borrower shall immediately deposit into an account established and maintained on the books and records of the Administrative Agent (the
“Collateral Account”) an amount in cash equal to 103% of the total Outstanding Amount of all L/C Obligations as of such date plus any accrued and unpaid interest thereon, provided that the obligation to deposit
such Cash Collateral shall become effective immediately, and such deposit shall become immediately due and payable, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to the Borrower described in
clause (f) of Section 8.01. Such deposit shall be held by the Administrative Agent as collateral for the payment and performance of the obligations of the Borrower under this Agreement. In addition, and without
limiting the foregoing or clause (d) of this Section 2.03, if any L/C Obligations remain outstanding after the expiration date specified in said clause (d), the Borrower shall immediately deposit into the
Collateral Account an amount in cash equal to 103% of the Outstanding Amount of such L/C Obligations as of such date plus any accrued and unpaid interest thereon. 

(ii)        The Administrative Agent shall have exclusive dominion
and control, including the exclusive right of withdrawal, over the Collateral Account. Other than any interest earned on the investment of such deposits, which investments shall be made at the option and sole discretion of the Administrative Agent
and at the Borrower’s risk and 

  
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expense, such deposits shall not bear interest. Interest or profits, if any, on such investments shall accumulate in the Collateral Account. Moneys in the Collateral Account shall be applied by
the Administrative Agent to reimburse each L/C Issuer for L/C Disbursements for which it has not been reimbursed, together with related fees, costs, and customary processing charges, and, to the extent not so applied, shall be held for the
satisfaction of the reimbursement obligations of the Borrower for the L/C Obligations at such time or, if the maturity of the Loans has been accelerated (but subject to the consent of Lenders with L/C Obligations representing 66-2/3% of the total L/C Obligations), be applied to satisfy other obligations of the Borrower under this Agreement. If the Borrower is required to provide an amount of Cash Collateral hereunder as a result of the
occurrence of an Event of Default, such amount (to the extent not applied as aforesaid) shall be returned to the Borrower within three (3) Business Days after all Events of Default have been cured or waived. 

(r)        L/C Issuer Reports to the Administrative
Agent. Unless otherwise agreed by the Administrative Agent, each L/C Issuer shall, in addition to its notification obligations set forth elsewhere in this Section 2.03, provide the Administrative Agent a Letter of
Credit Report, as set forth below: 
 (i)        reasonably prior
to the time that such L/C Issuer issues, amends, renews, increases or extends a Letter of Credit, the date of such issuance, amendment, renewal, increase or extension and the stated amount of the applicable Letters of Credit after giving effect to
such issuance, amendment, renewal or extension (and whether the amounts thereof shall have changed); 

(ii)        on each Business Day on which such L/C Issuer makes a
payment pursuant to a Letter of Credit, the date and amount of such payment; 

(iii)        on any Business Day on which the Borrower fails to
reimburse a payment made pursuant to a Letter of Credit required to be reimbursed to such L/C Issuer on such day, the date of such failure and the amount of such payment; 

(iv)        on any other Business Day, such other information as the
Administrative Agent shall reasonably request as to the Letters of Credit issued by such L/C Issuer; and 

(v)        for so long as any Letter of Credit issued by an L/C
Issuer is outstanding, such L/C Issuer shall deliver to the Administrative Agent (A) on the last Business Day of each calendar month, (B) at all other times a Letter of Credit Report is required to be delivered pursuant to this Agreement,
and (C) on each date that (1) an L/C Credit Extension occurs or (2) there is any expiration, cancellation and/or disbursement, in each case, with respect to any such Letter of Credit, a Letter of Credit Report appropriately completed
with the information for every outstanding Letter of Credit issued by such L/C Issuer. 

(s)        Additional L/C Issuers. Any Lender hereunder
may become an L/C Issuer upon receipt by the Administrative Agent of a fully executed Notice of Additional L/C Issuer which shall be signed by the Borrower, the Administrative Agent and each L/C Issuer. Such new L/C Issuer shall provide its L/C
Commitment in such Notice of Additional L/C Issuer and upon the receipt by the Administrative Agent of the fully executed Notice of Additional L/C Issuer, the defined term L/C Commitment shall be deemed amended to incorporate the L/C Commitment of
such new L/C Issuer. 
 (t)        Letters of Credit Issued for
Restricted Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations of, or is for the account 

  
 52 

 
of, a Restricted Subsidiary, the Borrower shall be obligated to reimburse, indemnify and compensate the applicable L/C Issuer hereunder for any and all drawings under such Letter of Credit as if
such Letter of Credit had been issued solely for the account of the Borrower. The Borrower irrevocably waives any and all defenses that might otherwise be available to it as a guarantor or surety of any or all of the obligations of such Restricted
Subsidiary in respect of such Letter of Credit (other than the defense of payment in full of the Outstanding Amount of all L/C Obligations of such Subsidiary). The Borrower hereby acknowledges that the issuance of Letters of Credit for the account
of Restricted Subsidiaries inures to the benefit of the Borrower, and that the Borrower’s business derives substantial benefits from the businesses of such Restricted Subsidiaries. 

(u)        Conflict with Issuer Documents. In the event of any
conflict between the terms hereof and the terms of any Issuer Document, the terms hereof shall control. 

2.04    Swingline Loans. 

(a)        The Swingline. Subject to the terms and conditions
set forth herein, the Swingline Lender, in reliance upon the agreements of the other Lenders set forth in this Section 2.04, may in its sole discretion make loans to the Borrower (each such loan, a “Swingline
Loan”). Each such Swingline Loan will be made, subject to the terms and conditions set forth herein, to the Borrower, in Dollars, from time to time on any Business Day during the Availability Period in an aggregate principal amount not
to exceed at any time outstanding the amount of the Swingline Sublimit; provided, however, that (i) after giving effect to any Swingline Loan, (A) the Total Revolving Outstandings shall not exceed the Revolving Facility at
such time, (B) the Revolving Exposure of any Revolving Lender at such time shall not exceed such Lender’s Revolving Commitment and (C) the aggregate amount of all Swingline Loans outstanding shall not exceed the Swingline Commitment
of the Swingline Lender, (ii) the Borrower shall not use the proceeds of any Swingline Loan to refinance any outstanding Swingline Loan, and (iii) the Swingline Lender shall not be under any obligation to make any Swingline Loan if it
shall determine (which determination shall be conclusive and binding absent manifest error) that it has, or by such Credit Extension may have, Fronting Exposure. Within the foregoing limits, and subject to the other terms and conditions hereof, the
Borrower may borrow under this Section 2.04, prepay under Section 2.05, and reborrow under this Section 2.04. Each Swingline Loan shall bear interest only at a rate based
on the Base Rate plus the Applicable Rate. Immediately upon the making of a Swingline Loan, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swingline Lender a risk participation in
such Swingline Loan in an amount equal to the product of such Revolving Lender’s Applicable Revolving Percentage times the amount of such Swingline Loan. 

(b)        Borrowing Procedures. Each Swingline Borrowing shall
be made upon the Borrower’s irrevocable notice to the Swingline Lender and the Administrative Agent, which may be given by: (i) telephone or (ii) a Swingline Loan Notice; provided that any telephonic notice must be confirmed
immediately by delivery to the Swingline Lender and the Administrative Agent of a Swingline Loan Notice. Each such Swingline Loan Notice must be received by the Swingline Lender and the Administrative Agent not later than 2:00 p.m. on the requested
borrowing date, and shall specify (A) the amount to be borrowed, which shall be a minimum of $100,000, and (B) the requested date of the Borrowing (which shall be a Business Day). Promptly after receipt by the Swingline Lender of any
Swingline Loan Notice, the Swingline Lender will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also received such Swingline Loan Notice and, if not, the Swingline Lender will notify the
Administrative Agent (by telephone or in writing) of the contents thereof. Unless the Swingline Lender has received notice (by telephone or in writing) from the Administrative Agent (including at the request of any

  
 53 

 
Revolving Lender) prior to 3:00 p.m. on the date of the proposed Swingline Borrowing (1) directing the Swingline Lender not to make such Swingline Loan as a result of the limitations set
forth in the first proviso to the first sentence of Section 2.04(a), or (2) that one or more of the applicable conditions specified in Article IV is not then satisfied, then, subject to the terms and
conditions hereof, the Swingline Lender may, make the amount of its Swingline Loan available to the Borrower at its office by crediting the account of the Borrower on the books of the Swingline Lender in immediately available funds. 

(c)        Refinancing of Swingline Loans. 

(i)        The Swingline Lender at any time in its sole discretion
may request, on behalf of the Borrower (which hereby irrevocably authorizes the Swingline Lender to so request on its behalf), that each Revolving Lender make a Base Rate Loan in an amount equal to such Lender’s Applicable Revolving Percentage
of the principal amount of Swingline Loans then outstanding. Such request shall be made in writing (which written request shall be deemed to be a Loan Notice for purposes hereof) and in accordance with the requirements of
Section 2.02, without regard to the minimum and multiples specified therein for the principal amount of Base Rate Loans, but subject to the unutilized portion of the Revolving Facility and the conditions set forth in
Section 4.02. The Swingline Lender shall furnish the Borrower with a copy of the applicable Loan Notice promptly after delivering such notice to the Administrative Agent. Each Revolving Lender shall make an amount equal to
its Applicable Revolving Percentage of the amount specified in such Loan Notice available to the Administrative Agent in immediately available funds (and the Administrative Agent may apply Cash Collateral available with respect to the applicable
Swingline Loan) for the account of the Swingline Lender at the Administrative Agent’s Office not later than 1:00 p.m. on the day specified in such Loan Notice, whereupon, subject to Section 2.04(c)(ii), each
Revolving Lender that so makes funds available shall be deemed to have made a Base Rate Loan to the Borrower in such amount. The Administrative Agent shall remit the funds so received to the Swingline Lender. 

(ii)        Notwithstanding anything to the contrary in the
foregoing, if for any reason any Swingline Loan cannot be refinanced by such a Revolving Borrowing in accordance with Section 2.04(c)(i) (including, without limitation, the failure to satisfy the conditions set forth
in Section 4.02), the request for Base Rate Loans submitted by the Swingline Lender as set forth herein shall be deemed to be a request by the Swingline Lender that each of the Revolving Lenders fund its risk participation
in the relevant Swingline Loan and each Revolving Lender’s payment to the Administrative Agent for the account of the Swingline Lender pursuant to Section 2.04(c)(i) shall be deemed payment in respect of such
participation. 
 (iii)        If any Revolving Lender fails to
make available to the Administrative Agent for the account of the Swingline Lender any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.04(c) by the time specified in
Section 2.04(c)(i), the Swingline Lender shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment
is required to the date on which such payment is immediately available to the Swingline Lender at a rate per annum equal to the greater of the Federal Funds Rate and a rate determined by the Swingline Lender in accordance with banking industry rules
on interbank compensation, plus any administrative, processing or similar fees customarily charged by the Swingline Lender in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so
paid shall constitute such Lender’s Revolving Loan included in the relevant 

  
 54 

 
Revolving Borrowing or funded participation in the relevant Swingline Loan, as the case may be. A certificate of the Swingline Lender submitted to any Lender (through the Administrative Agent)
with respect to any amounts owing under this clause (c)(iii) shall be conclusive absent manifest error. 

(iv)        Each Revolving Lender’s obligation to make Revolving
Loans or to purchase and fund risk participations in Swingline Loans pursuant to this Section 2.04(c) shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff,
counterclaim, recoupment, defense or other right which such Lender may have against the Swingline Lender, the Borrower or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default or (C) any other
occurrence, event or condition, whether or not similar to any of the foregoing; provided, however, that each Revolving Lender’s obligation to make Revolving Loans pursuant to this Section 2.04(c)
is subject to the conditions set forth in Section 4.02 (other than delivery by the Borrower of a Loan Notice). No such funding of risk participations shall relieve or otherwise impair the obligation of the Borrower to repay
Swingline Loans, together with interest as provided herein. 

(d)        Repayment of Participations. 

(i)        At any time after any Revolving Lender has purchased and
funded a risk participation in a Swingline Loan, if the Swingline Lender receives any payment on account of such Swingline Loan, the Swingline Lender will distribute to such Revolving Lender its Applicable Revolving Percentage thereof in the same
funds as those received by the Swingline Lender. 
 (ii)        If
any payment received by the Swingline Lender in respect of principal or interest on any Swingline Loan is required to be returned by the Swingline Lender under any of the circumstances described in Section 11.05 (including
pursuant to any settlement entered into by the Swingline Lender in its discretion), each Revolving Lender shall pay to the Swingline Lender its Applicable Revolving Percentage thereof on demand of the Administrative Agent, plus interest thereon from
the date of such demand to the date such amount is returned, at a rate per annum equal to the Federal Funds Rate. The Administrative Agent will make such demand upon the request of the Swingline Lender. The obligations of the Lenders under this
clause shall survive the payment in full of the Obligations and the termination of this Agreement. 

(e)        Interest for Account of Swingline Lender. The
Swingline Lender shall be responsible for invoicing the Borrower for interest on the Swingline Loans. Until each Revolving Lender funds its Base Rate Loan or risk participation pursuant to this Section 2.04 to refinance
such Revolving Lender’s Applicable Revolving Percentage of any Swingline Loan, interest in respect of such Applicable Revolving Percentage shall be solely for the account of the Swingline Lender. 

(f)        Payments Directly to Swingline Lender. The Borrower
shall make all payments of principal and interest in respect of the Swingline Loans directly to the Swingline Lender. 

2.05    Prepayments. 

(a)        Optional. 

(i)        The Borrower may, upon notice to the Administrative Agent
pursuant to delivery to the Administrative Agent of a Notice of Loan Prepayment, at any time or from time to time voluntarily prepay Term Loans, Incremental Term Loans and Revolving Loans 

  
 55 

 
in whole or in part without premium or penalty subject to Section 3.05; provided that, unless otherwise agreed by the Administrative Agent, (A) such notice
must be received by the Administrative Agent not later than 1:00 p.m. (1) two (2) Business Days prior to any date of prepayment of Eurodollar Rate Loans and (2) on the date of prepayment of Base Rate Loans; (B) any prepayment of
Eurodollar Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof; and (C) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess
thereof or, in each case, if less, the entire principal amount thereof then outstanding. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid and, if Eurodollar Rate Loans are to be prepaid,
the Interest Period(s) of such Loans. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s ratable portion of such prepayment (based on such Lender’s Applicable
Percentage in respect of the relevant Facility). If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment
of a Eurodollar Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Each prepayment of the outstanding Term Loans and
Incremental Term Loans pursuant to this Section 2.05(a) shall be applied to the principal repayment installments thereof as directed by the Borrower (and in the absence of such direction, to the outstanding Term Loans and
Incremental Term Loans on a pro-rata basis). Subject to Section 2.15, such prepayments shall be paid to the Lenders in accordance with their respective Applicable Percentages in
respect of each of the relevant Facilities. 
 (ii)        The
Borrower may, upon notice to the Swingline Lender pursuant to delivery to the Swingline Lender of a Notice of Loan Prepayment (with a copy to the Administrative Agent), at any time or from time to time, voluntarily prepay Swingline Loans in whole or
in part without premium or penalty; provided that, unless otherwise agreed by the Swingline Lender, (A) such notice must be received by the Swingline Lender and the Administrative Agent not later than 1:00 p.m. on the date of the
prepayment, and (B) any such prepayment shall be in a minimum principal amount of $250,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal thereof then outstanding). Each such notice shall specify the date
and amount of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. 

(b)        Mandatory. 

(i)        Dispositions and Involuntary Dispositions.
The Borrower shall prepay the Loans and/or Cash Collateralize the L/C Obligations as hereinafter provided in an aggregate amount equal to 100% of the Net Cash Proceeds received by any Loan Party or any Restricted Subsidiary from all Dispositions
(other than Permitted Transfers) and Involuntary Dispositions within three (3) Business Days of the date of such Disposition or Involuntary Disposition; provided, however, that so long as no Event of Default shall have occurred
and be continuing, such Net Cash Proceeds shall not be required to be so applied (A) until the aggregate amount of the Net Cash Proceeds derived from any such Disposition or Involuntary Disposition in any fiscal year of the Borrower is equal to
or greater than $5,000,000 and (B) at the election of the Borrower (as notified by the Borrower to the Administrative Agent on or prior to the date that such prepayment would otherwise be required) to the extent such Loan Party or such
Restricted Subsidiary reinvests all or any 

  
 56 

 
portion of such Net Cash Proceeds in operating assets (but specifically excluding current assets as classified by GAAP) within twelve (12) months after the receipt of such Net Cash Proceeds
(or if committed to reinvestment during such twelve (12) month period, reinvested no later than six (6) months thereafter); provided that, if such Net Cash Proceeds shall have not been so reinvested, such Net Cash Proceeds shall be
immediately applied to prepay the Loans and/or Cash Collateralize the L/C Obligations. 

(ii)        Debt Issuance. Immediately upon the receipt
by any Loan Party or any Restricted Subsidiary of the Net Cash Proceeds of any Debt Issuance, the Borrower shall prepay the Loans and/or Cash Collateralize the L/C Obligations as hereinafter provided in an aggregate amount equal to 100% of such Net
Cash Proceeds. 
 (iii)        Application of
Payments. Each prepayment of Loans pursuant to the foregoing provisions of clauses (i) and (ii) of this Section 2.05(b) shall be applied, first, to the principal repayment
installments of the Term Loans and Incremental Term Loans on a pro-rata basis for all such principal repayment installments, including, without limitation, the final principal repayment installment on each applicable Maturity Date and,
second, to the Revolving Facility in the manner set forth in clause (v) of this Section 2.05(b). Subject to Section 2.15, such prepayments shall be paid to the Lenders in
accordance with their respective Applicable Percentages in respect of the relevant Facilities. 

(iv)        Revolving Outstandings. If for any reason
the Total Revolving Outstandings at any time exceed the Revolving Facility at such time, the Borrower shall immediately prepay Revolving Loans, Swingline Loans and L/C Borrowings and/or Cash Collateralize the L/C Obligations in an aggregate amount
equal to such excess; provided, however, that the Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b) unless, after the prepayment of the Revolving Loans
and Swingline Loans, the Total Revolving Outstandings exceed the Revolving Facility at such time. 

(v)        Application of Other Payments. Except as otherwise
provided in Section 2.15, prepayments of the Revolving Facility made pursuant to this Section 2.05(b) shall be applied without reduction in any Revolving Commitments,
first, ratably to the L/C Borrowings and the Swingline Loans, second, to the outstanding Revolving Loans, and, third, to Cash Collateralize the remaining L/C Obligations; and, in the case of prepayments of
the Revolving Facility required pursuant to clauses (i) or (ii), of this Section 2.05(b), the amount remaining, if any, after the prepayment in full of all L/C Borrowings, Swingline Loans and Revolving
Loans outstanding at such time and the Cash Collateralization of the remaining L/C Obligations in full may be retained by the Borrower for use in the ordinary course of its business. Upon the drawing of any Letter of Credit that has been Cash
Collateralized, the funds held as Cash Collateral shall be applied (without any further action by or notice to or from the Borrower or any other Loan Party or any Defaulting Lender that has provided Cash Collateral) to reimburse the applicable L/C
Issuers or the Revolving Lenders, as applicable. 
 Within the parameters of the applications set forth above, prepayments
pursuant to this Section 2.05(b) shall be applied first to Base Rate Loans and then to Eurodollar Rate Loans in direct order of Interest Period maturities. All prepayments under this
Section 2.05(b) shall be subject to Section 3.05, but otherwise without premium or penalty, and shall be accompanied by interest on the principal amount prepaid through the date of prepayment. 

  
 57 

 2.06    Termination or Reduction of
Commitments. 
 (a)        Optional. The Borrower
may, upon notice to the Administrative Agent, terminate the Revolving Facility, the Letter of Credit Sublimit or the Swingline Sublimit, or from time to time permanently reduce the Revolving Facility, the Letter of Credit Sublimit or the Swingline
Sublimit; provided that (i) any such notice shall be received by the Administrative Agent not later than 1:00 p.m. two (2) Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in
an aggregate amount of $1,000,000 or any whole multiple of $100,000 in excess thereof and (iii) the Borrower shall not terminate or reduce (A) the Revolving Facility if, after giving effect thereto and to any concurrent prepayments
hereunder, the Total Revolving Outstandings would exceed the Revolving Facility, (B) the Letter of Credit Sublimit if, after giving effect thereto, the Outstanding Amount of L/C Obligations not fully Cash Collateralized hereunder would exceed
the Letter of Credit Sublimit, or (C) the Swingline Sublimit if, after giving effect thereto and to any concurrent prepayments hereunder, the Outstanding Amount of Swingline Loans would exceed the Letter of Credit Sublimit. 

(b)        Mandatory. 

(i)        The aggregate Term Commitments shall be automatically and
permanently reduced to zero on the date of the Term Borrowing. 

(ii)        If after giving effect to any reduction or termination of
Revolving Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swingline Sublimit exceeds the Revolving Facility at such time, the Letter of Credit Sublimit or the Swingline Sublimit, as the case may
be, shall be automatically reduced by the amount of such excess. 

(c)        Application of Commitment Reductions; Payment of
Fees. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Letter of Credit Sublimit, Swingline Sublimit or the Revolving Commitment under this Section 2.06. Upon any
reduction of the Revolving Commitments, the Revolving Commitment of each Revolving Lender shall be reduced by such Lender’s Applicable Revolving Percentage of such reduction amount. All fees in respect of the Revolving Facility accrued until
the effective date of any termination of the Revolving Facility shall be paid on the effective date of such termination. 

2.07    Repayment of Loans. 

(a)        Term Loans. The Borrower shall repay to the
Term Lenders the aggregate principal amount of all Term Loans outstanding on the following dates in the respective amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with
the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02; 
  

			
	Payment Dates	  	
Principal Repayment

Installments

	March 31, 2021	  	$0.00
	June 30, 2021	  	$0.00
	September 30, 2021	  	$0.00
	December 31, 2021	  	$0.00
	March 31, 2022	  	$1,406,250.00
	June 30, 2022	  	$1,406,250.00
	September 30, 2022	  	$1,406,250.00
	December 31, 2022	  	$1,406,250.00

  
 58 

			
	Payment Dates	  	
Principal Repayment

Installments

	March 31, 2023	  	$2,812,500.00
	June 30, 2023	  	$2,812,500.00
	September 30, 2023	  	$2,812,500.00
	December 31, 2023	  	$2,812,500.00
	March 31, 2024	  	$2,812,500.00
	June 30, 2024	  	$2,812,500.00
	September 30, 2024	  	$2,812,500.00
	December 31, 2024	  	$2,812,500.00
	March 31, 2025	  	$4,218,750.00
	June 30, 2025	  	$4,218,750.00
	September 30, 2025	  	$4,218,750.00
	December 31, 2025	  	$4,218,750.00

 provided, however, that (i) the final principal repayment installment of
the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date, (ii) if any principal repayment installment to
be made by the Borrower (other than principal repayment installments on Eurodollar Rate Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such
extension of time shall be reflected in computing interest or fees, as the case may be and (iii) if any principal repayment installment to be made by the Borrower on a Eurodollar Rate Loan shall come due on a day other than a Business Day, such
principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment
installment shall be due on the immediately preceding Business Day. 

(b)        Revolving Loans. The Borrower shall repay to
the Revolving Lenders on the Maturity Date for the Revolving Facility the aggregate principal amount of all Revolving Loans outstanding on such date. 

(c)        Swingline Loans. The Borrower shall repay each
Swingline Loan on the earlier to occur of (i) the date ten (10) Business Days after such Loan is made and (ii) the Maturity Date for the Revolving Facility. 

(d)        Incremental Term Loans. The principal amount
of any Incremental Term Loans shall be repaid in the amounts and on the dates set forth in the applicable Incremental Agreement. The outstanding unpaid principal balance and all accrued and unpaid interest on any Incremental Term Loans shall be due
and payable on the Incremental Term Loan Maturity Date therefor as specified in the applicable Incremental Agreement or, if earlier, on the date on which they are declared due and payable pursuant to the terms of this Agreement. 

2.08    Interest and Default Rate. 

(a)        Interest. Subject to the provisions of
Section 2.08(b), (i) each Eurodollar Rate Loan under a Facility shall bear interest on the outstanding principal amount thereof for each Interest Period from the applicable Borrowing date at a rate per annum equal to
the Eurodollar Rate for such Interest Period plus the Applicable Rate for such Facility; (ii) each Base Rate Loan under a Facility shall bear interest on the outstanding principal amount thereof from the applicable Borrowing date at a rate per
annum equal to the Base Rate plus the Applicable Rate for such 

  
 59 

 
Facility; and (iii) each Swingline Loan shall bear interest on the outstanding principal amount thereof from the applicable Borrowing date at a rate per annum equal to the Base Rate plus the
Applicable Rate for the Revolving Facility. To the extent that any calculation of interest or any fee required to be paid under this Agreement shall be based on (or result in) a calculation that is less than zero, such calculation shall be deemed
zero for purposes of this Agreement. 
 (b)        Default
Rate. 
 (i)        If any amount of principal of any Loan is
not paid when due, whether at stated maturity, by acceleration or otherwise, such amount shall thereafter (but only until such amount is paid) bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the
fullest extent permitted by Applicable Laws. 
 (ii)        If any
amount (other than principal of any Loan) payable by the Borrower under any Loan Document is not paid when due, whether at stated maturity, by acceleration or otherwise, then upon the request of the Required Lenders such amount shall thereafter (but
only until such amount is paid) bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by Applicable Laws. 

(iii)        Upon the request of the Required Lenders, while any
Event of Default exists (including a payment default), all outstanding Obligations (including Letter of Credit Fees) may accrue at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by
Applicable Laws. 
 (iv)        Accrued and unpaid interest on past
due amounts (including interest on past due interest) (after giving effect to any grace periods) shall be due and payable upon demand. 

(c)        Interest Payments. Interest on each Loan shall be
due and payable in arrears on each Interest Payment Date applicable thereto and at such other times as may be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment, and before and
after the commencement of any proceeding under any Debtor Relief Law. 

2.09    Fees. 

In addition to certain fees described in clauses (l), (m) and (o) of
Section 2.03: 
 (a)        Commitment
Fee. The Borrower shall pay to the Administrative Agent for the account of each Revolving Lender in accordance with its Applicable Revolving Percentage, a commitment fee equal to the Applicable Rate times the actual daily amount by
which the Revolving Facility exceeds the sum of (i) the Outstanding Amount of Revolving Loans and (ii) the Outstanding Amount of L/C Obligations, subject to adjustment as provided in Section 2.15. For the
avoidance of doubt, the Outstanding Amount of Swingline Loans shall not be counted towards or considered usage of the Revolving Facility for purposes of determining the commitment fee. The commitment fee shall accrue at all times during the
Availability Period, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing
with the first such date to occur after the Closing Date, and on the last day of the Availability Period for the Revolving Facility. The commitment fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate
during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect. 

  
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(b)        Other Fees. 

(i)        The Borrower shall pay to the Administrative Agent and the
Arranger for its own account fees in the amounts and at the times specified in the Fee Letters. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 

(ii)        The Borrower shall pay to the Lenders such fees as shall
have been separately agreed upon in writing in the amounts and at the times so specified. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever. 

2.10    Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate.

 (a)        Computation of Interest and Fees. All
computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to the Eurodollar Rate) shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of
fees and interest shall be made on the basis of a three hundred sixty (360) day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365 day year). Interest shall
accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, provided that any Loan that is repaid on the same day on which it is made
shall, subject to Section 2.12(a), bear interest for one (1) day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent
manifest error. 
 (b)        [Reserved]. 

(c)        Financial Statement Adjustments or Restatements. If,
as a result of any restatement of or other adjustment to the financial statements of the Borrower and its Subsidiaries or for any other reason, the Borrower, or the Lenders determine that (i) the Consolidated Net Leverage Ratio as calculated by
the Borrower as of any applicable date was inaccurate and (ii) a proper calculation of the Consolidated Net Leverage Ratio would have resulted in higher pricing for such period, the Borrower shall immediately and retroactively be obligated to
pay to the Administrative Agent for the account of the applicable Lenders or the applicable L/C Issuer, as the case may be, promptly on demand by the Administrative Agent (or, after the occurrence of an actual or deemed entry of an order for relief
with respect to the Borrower under the Bankruptcy Code of the United States, automatically and without further action by the Administrative Agent, any Lender or any L/C Issuer), an amount equal to the excess of the amount of interest and fees that
should have been paid for such period over the amount of interest and fees actually paid for such period. This clause (c) shall not limit the rights of the Administrative Agent, any Lender or any L/C Issuer, as the case may be,
under any provision of this Agreement to payment of any Obligations hereunder at the Default Rate or under Article VIII. The Borrower’s obligations under this clause (c) shall survive the termination of the Aggregate
Commitments and the repayment of all other Obligations hereunder. 
 2.11    Evidence of Debt.

 (a)        Maintenance of Accounts. The Credit
Extensions made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender in the ordinary course of business. The Administrative Agent shall maintain the Register in accordance with
Section 11.06(c). The accounts or records maintained by each Lender shall be conclusive absent manifest error of the amount of the Credit Extensions made by the Lenders to the Borrower and the interest and payments thereon.
Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the Borrower hereunder to pay any amount owing with respect 

  
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to the Obligations. In the event of any conflict between the accounts and records maintained by any Lender and the Register, the Register shall control in the absence of manifest error. Upon the
request of any Lender made through the Administrative Agent, the Borrower shall execute and deliver to such Lender (through the Administrative Agent) a Note, which shall evidence such Lender’s Loans in addition to such accounts or records. Each
Lender may attach schedules to its Note and endorse thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect thereto. 

(b)        Maintenance of Records. In addition to the accounts
and records referred to in Section 2.11(a), each Lender and the Administrative Agent shall maintain in accordance with its usual practice accounts or records evidencing the purchases and sales by such Lender of
participations in Letters of Credit and Swingline Loans. In the event of any conflict between the accounts and records maintained by the Administrative Agent and the accounts and records of any Lender in respect of such matters, the accounts and
records of the Administrative Agent shall control in the absence of manifest error. 

2.12    Payments Generally; Administrative Agent’s Clawback. 

(a)        General. All payments to be made by the Borrower
shall be made free and clear of and without condition or deduction for any counterclaim, defense, recoupment or setoff. Except as otherwise expressly provided herein, all payments by the Borrower hereunder shall be made to the Administrative Agent,
for the account of the respective Lenders to which such payment is owed, at the Administrative Agent’s Office in Dollars and in immediately available funds not later than 1:00 p.m. on the date specified herein. The Administrative Agent will
promptly distribute to each Lender its Applicable Percentage in respect of the relevant Facility (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office. All
payments received by the Administrative Agent after 2:00 p.m. shall be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. Subject to Section 2.07(a) and as
otherwise specifically provided for in this Agreement, if any payment to be made by the Borrower shall come due on a day other than a Business Day, payment shall be made on the next following Business Day, and such extension of time shall be
reflected in computing interest or fees, as the case may be. 

(b)        (i)     Funding by Lenders;
Presumption by Administrative Agent. Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing of Eurodollar Rate Loans (or, in the case of any Borrowing of Base Rate Loans, prior to
2:00 p.m., on the date of such Borrowing) that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such
date in accordance with Section 2.02 (or, in the case of a Borrowing of Base Rate Loans, that such Lender has made such share available in accordance with and at the time required by
Section 2.02) and may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the
Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount in immediately available funds with interest thereon, for each day from and including
the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent, at (A) in the case of a payment to be made by such Lender, the greater of the Federal Funds Rate and a rate determined by
the Administrative Agent in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by the Administrative Agent in connection with the foregoing, and
(B) in the case of a payment to be made by the Borrower, the interest rate applicable to Base Rate Loans. If the Borrower and such Lender shall 

  
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pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the Borrower the amount of such interest paid by the Borrower
for such period. If such Lender pays its share of the applicable Borrowing to the Administrative Agent, then the amount so paid shall constitute such Lender’s Loan included in such Borrowing. Any payment by the Borrower shall be without
prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent. 

(ii)        Payments by Borrower; Presumptions by Administrative
Agent. Unless the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders or any L/C Issuer hereunder that the Borrower will not
make such payment, the Administrative Agent may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Appropriate Lenders or the applicable L/C Issuer, as the
case may be, the amount due. In such event, if the Borrower has not in fact made such payment, then each of the Appropriate Lenders or the applicable L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith on
demand the amount so distributed to such Lender or such L/C Issuer, in immediately available funds with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the
Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation. 

A notice of the Administrative Agent to any Lender or the Borrower with respect to any amount owing under
this clause (b) shall be conclusive, absent manifest error. 

(c)        Failure to Satisfy Conditions Precedent. If any
Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to the Borrower by the Administrative Agent
because the conditions to the applicable Credit Extension set forth in Article IV are not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender)
to such Lender, without interest. 
 (d)        Obligations of
Lenders Several. The obligations of the Lenders hereunder to make Term Loans, Incremental Term Loans (if any) and Revolving Loans, to fund participations in Letters of Credit and Swingline Loans and to make payments pursuant to
Section 11.04(c) are several and not joint. The failure of any Lender to make any Loan, to fund any such participation or to make any payment under Section 11.04(c) on any date
required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan, to purchase its participation or to make its
payment under Section 11.04(c). 

(e)        Funding Source. Nothing herein shall be deemed to
obligate any Lender to obtain the funds for any Loan in any particular place or manner or to constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner. 

(f)        Pro Rata Treatment. Except to the extent
otherwise provided herein: (i) each Borrowing (other than Swingline Borrowings) shall be made from the Appropriate Lenders, each payment of fees under Section 2.09 and clauses (l), (m) and
(o) of Section 2.03 shall be made for account of the Appropriate Lenders, and each termination or reduction of the amount of the Commitments shall be applied to the respective Commitments of the Lenders,
pro rata according 

  
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to the amounts of their respective Commitments; (ii) each Borrowing shall be allocated pro rata among the Lenders according to the amounts of their respective Commitments (in the case of the
making of Revolving Loans) or their respective Loans that are to be included in such Borrowing (in the case of conversions and continuations of Loans); (iii) each payment or prepayment of principal of Loans by the Borrower shall be made for account
of the Appropriate Lenders pro rata in accordance with the respective unpaid principal amounts of the Loans held by them; and (iv) each payment of interest on Loans by the Borrower shall be made for account of the Appropriate Lenders pro rata
in accordance with the amounts of interest on such Loans then due and payable to the respective Appropriate Lenders. 

2.13    Sharing of Payments by Lenders. 

If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of
(a) Obligations in respect of any of the Facilities due and payable to such Lender hereunder and under the other Loan Documents at such time in excess of its ratable share (according to the proportion of (i) the amount of such Obligations
due and payable to such Lender at such time to (ii) the aggregate amount of the Obligations in respect of the Facilities due and payable to all Lenders hereunder and under the other Loan Documents at such time) of payments on account of the
Obligations in respect of the Facilities due and payable to all Lenders hereunder and under the other Loan Documents at such time obtained by all the Lenders at such time or (b) Obligations in respect of any of the Facilities owing (but not due
and payable) to such Lender hereunder and under the other Loan Documents at such time in excess of its ratable share (according to the proportion of (i) the amount of such Obligations owing (but not due and payable) to such Lender at such time
to (ii) the aggregate amount of the Obligations in respect of the Facilities owing (but not due and payable) to all Lenders hereunder and under the other Loan Documents at such time) of payments on account of the Obligations in respect of the
Facilities owing (but not due and payable) to all Lenders hereunder and under the other Loan Documents at such time obtained by all of the Lenders at such time, then, in each case under clauses (a) and (b) above, the Lender
receiving such greater proportion shall (A) notify the Administrative Agent of such fact, and (B) purchase (for cash at face value) participations in the Loans and sub-participations in L/C
Obligations and Swingline Loans of the other Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of Obligations in
respect of the Facilities then due and payable to the Lenders or owing (but not due and payable) to the Lenders, as the case may be, provided that: 

(1)        if any such participations or sub-participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations or sub-participations shall be rescinded and the
purchase price restored to the extent of such recovery, without interest; and 

(2)        the provisions of this Section 2.13
shall not be construed to apply to (A) any payment made by or on behalf of the Borrower pursuant to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting
Lender or Disqualified Institution), (B) the application of Cash Collateral provided for in Section 2.14, or (C) any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any
of its Loans or sub-participations in L/C Obligations or Swingline Loans to any assignee or participant, other than an assignment to any Loan Party or any Affiliate thereof (as to which the provisions of this
Section 2.13 shall apply). 
 Each Loan Party consents to the foregoing and agrees, to the extent it may
effectively do so under Applicable Law, that any Lender acquiring a participation pursuant to the foregoing arrangements may 

  
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exercise against such Loan Party rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct creditor of such Loan Party in the amount of such
participation. 
 2.14    Cash Collateral. 

(a)        Obligation to Cash Collateralize. At any time there
shall exist a Defaulting Lender, within one (1) Business Day following the written request of the Administrative Agent or any L/C Issuer (with a copy to the Administrative Agent), the Borrower shall Cash Collateralize the L/C Issuers’
Fronting Exposure with respect to such Defaulting Lender (determined after giving effect to Section 2.15(a)(iv) and any Cash Collateral provided by such Defaulting Lender) in an amount not less than the Minimum Collateral Amount. 

(b)        Grant of Security Interest. The Borrower, and to the
extent provided by any Defaulting Lender, such Defaulting Lender, hereby grants to (and subjects to the control of) the Administrative Agent, for the benefit of the Administrative Agent, the L/C Issuers and the Lenders, and agrees to maintain, a
first priority security interest in all such cash, deposit accounts and all balances therein, and all other property so provided as Collateral pursuant hereto, and in all proceeds of the foregoing, all as security for the obligations to which such
Cash Collateral may be applied pursuant to Section 2.14(c). If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent or the applicable L/C Issuer
as herein provided, or that the total amount of such Cash Collateral is less than the Minimum Collateral Amount, the Borrower will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash
Collateral in an amount sufficient to eliminate such deficiency (determined in the case of Cash Collateral provided pursuant to Section 2.15(a)(v), after giving effect to Section 2.15(a)(v) and any Cash Collateral provided by the
Defaulting Lender). All Cash Collateral (other than credit support not constituting funds subject to deposit) shall be maintained in blocked, non-interest bearing deposit accounts at Bank of America. The
Borrower shall pay on demand therefor from time to time all customary account opening, activity and other administrative fees and charges in connection with the maintenance and disbursement of Cash Collateral. 

(c)        Application. Notwithstanding anything to the
contrary contained in this Agreement, Cash Collateral provided under any of this Section 2.14 or Sections 2.03, 2.05, 2.15 or 8.02 in respect of Letters of Credit shall be held and applied to the satisfaction of the specific L/C Obligations,
obligations to fund participations therein (including, as to Cash Collateral provided by a Revolving Lender that is a Defaulting Lender, any interest accrued on such obligation) and other obligations for which the Cash Collateral was so provided,
prior to any other application of such property as may be provided for herein. 

(d)        Release. Cash Collateral (or the appropriate portion
thereof) provided to reduce Fronting Exposure or to secure other obligations shall be released promptly following (i) the elimination of the applicable Fronting Exposure or other obligations giving rise thereto (including by the termination of
Defaulting Lender status of the applicable Revolving Lender (or, as appropriate, its assignee following compliance with Section 11.06(b)(vi))) or (ii) the determination by the Administrative Agent and the applicable L/C Issuer that there
exists excess Cash Collateral; provided, however, (A) any such release shall be without prejudice to, and any disbursement or other transfer of Cash Collateral shall be and remain subject to, any other Lien conferred under the Loan Documents
and the other applicable provisions of the Loan Documents, and (B) the Person providing Cash Collateral and the applicable L/C Issuer may agree that Cash Collateral shall not be released but instead held to support future anticipated Fronting
Exposure or other obligations. 

  
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 2.15    Defaulting Lenders. 

(a)        Adjustments. Notwithstanding anything to the
contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by Applicable Law: 

(i)        Waivers and Amendments. Such Defaulting
Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in the definition of “Required Lenders”, “Required Revolving Lenders”, “Required
Term Lenders”, “Required Incremental Term Lenders” and Section 11.01. 

(ii)        Defaulting Lender Waterfall. Any payment of
principal, interest, fees or other amounts received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise) or received by the Administrative
Agent from a Defaulting Lender pursuant to Section 11.08 shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by such
Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to any L/C Issuer or the Swingline Lender hereunder; third, to Cash
Collateralize the L/C Issuers’ Fronting Exposure with respect to such Defaulting Lender in accordance with Section 2.14; fourth, as the Borrower may request (so long as no Default or Event of Default
exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the
Administrative Agent and the Borrower, to be held in a deposit account and released pro rata in order to (A) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement and
(B) Cash Collateralize the L/C Issuers’ future Fronting Exposure with respect to such Defaulting Lender with respect to future Letters of Credit issued under this Agreement, in accordance with Section 2.14;
sixth, to the payment of any amounts owing to the Lenders, the L/C Issuers or Swingline Lender as a result of any judgment of a court of competent jurisdiction obtained by any Lender, any L/C Issuer or the Swingline Lender against such
Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default exists, to the payment of any amounts owing to the Borrower as a result
of any judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to such Defaulting
Lender or as otherwise as may be required under the Loan Documents in connection with any Lien conferred thereunder or directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount
of any Loans or L/C Borrowings in respect of which such Defaulting Lender has not fully funded its appropriate share, and (y) such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in
Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and L/C Obligations owed to, all Non-Defaulting Lenders on a pro rata basis
prior to being applied to the payment of any Loans of, or L/C Obligations owed to, such Defaulting Lender until such time as all Loans and funded and unfunded participations in L/C Obligations and Swingline Loans are held by the Lenders pro rata
in accordance with the Commitments hereunder without giving effect to Section 2.15(a)(v). Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay
amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to this Section 2.15(a)(ii) shall be deemed paid to and redirected by such 

  
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Defaulting Lender, and each Lender irrevocably consents hereto. 

(iii)        Certain Fees. 

(A)        Fees. No Defaulting Lender shall be entitled to
receive any fee payable under Section 2.09(a) for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been
paid to that Defaulting Lender). 
 (B)        Letter of Credit
Fees. Each Defaulting Lender shall be entitled to receive Letter of Credit Fees for any period during which that Lender is a Defaulting Lender only to the extent allocable to its Applicable Revolving Percentage of the stated amount of Letters of
Credit for which it has provided Cash Collateral pursuant to Section 2.14. 

(C)        Defaulting Lender Fees. With respect to any Letter
of Credit Fee not required to be paid to any Defaulting Lender pursuant to clause (B) above, the Borrower shall (1) pay to each Non-Defaulting Lender that portion of any such fee otherwise
payable to such Defaulting Lender with respect to such Defaulting Lender’s participation in L/C Obligations or Swingline Loans that has been reallocated to such Non-Defaulting Lender pursuant to clause
(iv) below, (2) pay to each L/C Issuer and the Swingline Lender, as applicable, the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such L/C Issuer’s or Swingline Lender’s Fronting
Exposure to such Defaulting Lender, and (3) not be required to pay the remaining amount of any such fee. 

(iv)        Reallocation of Applicable Revolving
Percentages to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Obligations and Swingline Loans shall be reallocated among the Non-Defaulting Lenders
in accordance with their respective Applicable Revolving Percentages (calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that such reallocation does not cause the aggregate Revolving Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Commitment. Subject to Section 11.20, no reallocation hereunder shall
constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a
result of such Non-Defaulting Lender’s increased exposure following such reallocation. 

(v)        Cash Collateral, Repayment of Swingline Loans. If
the reallocation described in clause (a)(iv) above cannot, or can only partially, be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under Applicable Law, (A) first,
prepay Swingline Loans in an amount equal to the Swingline Lender’s Fronting Exposure and (B) second, Cash Collateralize the L/C Issuers’ Fronting Exposure in accordance with the procedures set forth in
Section 2.14. 
 (b)        Defaulting
Lender Cure. If the Borrower, the Administrative Agent, the Swingline Lender and each L/C Issuer agree in writing that a Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the
effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding
Loans of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Loans and funded and unfunded participations in Letters of Credit and Swingline Loans to be held pro rata by the Lenders in
accordance with their 

  
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Revolving Commitments (without giving effect to Section 2.15(a)(iv)), whereupon such Lender will cease to be a Defaulting Lender; provided that no
adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while that Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed
by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. 

(c)        New Swingline Loans/Letters of Credit. So long as
any Revolving Lender is a Defaulting Lender, (i) the Swingline Lender shall not be required to fund any Swingline Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swingline Loan and (ii) no
L/C Issuer shall be required to issue, extend, increase, reinstate or renew any letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto. 

2.16    Extension of Maturity Date. 

(a)        Requests for Extension. The Borrower may, by
notice to the Administrative Agent from time to time request an extension (each, an “Extension”) of the maturity date of any Class of Loans and Commitments to the extended maturity date specified in such notice. Such
notice shall (i) set forth the amount of the applicable Class of Revolving Commitments and/or Term Loans that will be subject to the Extension (which shall be in minimum increments of $10,000,000 and a minimum amount of $50,000,000), (ii)
set forth the date on which such Extension is requested to become effective (which shall be not less than ten (10) Business Days nor more than sixty (60) days after the date of such Extension notice (or such longer or shorter periods as
the Administrative Agent shall agree in its sole discretion)) and (iii) identify the relevant Class of Revolving Commitments and/or Term Loans to which such Extension relates. Each Lender of the applicable Class shall be offered (an
“Extension Offer”) an opportunity to participate in such Extension on a pro rata basis and on the same terms and conditions as each other Lender of such Class pursuant to procedures established by, or reasonably
acceptable to, the Administrative Agent and the Borrower. If the aggregate principal amount of Revolving Commitments or Term Loans in respect of which Lenders shall have accepted the relevant Extension Offer shall exceed the maximum aggregate
principal amount of Revolving Commitments or Term Loans, as applicable, subject to the Extension Offer as set forth in the Extension notice, then the Revolving Commitments or Term Loans, as applicable, of Lenders of the applicable Class shall
be extended ratably up to such maximum amount based on the respective principal amounts with respect to which such Lenders have accepted such Extension Offer. 

(b)        Conditions Precedent. The following shall be
conditions precedent to the effectiveness of any Extension: (i) no Default or Event of Default shall have occurred and be continuing immediately prior to and immediately after giving effect to such Extension, (ii) the representations and
warranties set forth in Article V and in each other Loan Document shall be deemed to be made and shall be true and correct in all material respects on and as of the effective date of such Extension, (iii) the L/C Issuers and the
Swingline Lender shall have consented to any Extension of the Revolving Commitments, to the extent that such Extension provides for the issuance or extension of Letters of Credit or making of Swingline Loans at any time during the extended period
and (iv) the terms of such Extended Revolving Commitments and Extended Term Loans shall comply with clause (c) of this Section 2.16. 

(c)        Additional Commitment Lenders. The Borrower
shall have the right to replace each Lender that determines not to so extend its Maturity Date (a “Non-Extending Lender”) with, and add as “Revolving Lenders” or “Term Lenders”, as
applicable, under this Agreement in place thereof, one or more Eligible Assignees (each, an “Additional Commitment Lender”) as provided 

  
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in Section 11.13; provided that each of such Additional Commitment Lenders shall enter into an Assignment and Assumption pursuant to which such Additional
Commitment Lender shall, effective as of the existing Maturity Date, undertake a Revolving Commitment and/or Term Commitment, as applicable (and, if any such Additional Commitment Lender is already a Revolving Lender or Term Lender, its Commitment
shall be in addition to any other Commitment of such Lender hereunder on such date). 

(d)        Extension Terms. The terms of each Extension
shall be determined by the Administrative Agent, the Borrower and the applicable Extending Lenders and set forth in an amendment to this Agreement (an “Extension Amendment”); provided that (i) the final maturity
date of any Extended Revolving Commitment or Extended Term Loan shall be no earlier than the maturity date of the Class of Term Loans or Revolving Commitments being extended, respectively, (ii) there shall be no scheduled amortization of
the loans or reductions of commitments under any Extended Revolving Commitments, (iii) the average life to maturity of the Extended Term Loans shall be no shorter than the remaining average life to maturity of the Class of Term Loans being
extended, (iv) the Extended Revolving Loans and the Extended Term Loans will rank pari passu in right of payment and with respect to security with the existing Revolving Loans and the existing Term Loans and the borrower and guarantors
of the Extended Revolving Commitments or Extended Term Loans, as applicable, shall be the same as the Borrower and Guarantors with respect to the existing Revolving Loans or Term Loans, as applicable, (v) the interest rate margin, rate floors,
fees, original issue discount and premium applicable to any Extended Revolving Commitment (and the Extended Revolving Loans thereunder) and Extended Term Loans shall be determined by the Borrower and the applicable Extending Lenders, (vi) the
Extended Term Loans may participate on a pro rata or less than pro rata (but not greater than pro rata) basis in voluntary or mandatory prepayments with the Class of Term Loans, (vii) borrowing and prepayment of Extended Revolving
Loans, or reductions of Extended Revolving Commitments, and participation in Letters of Credit and Swingline Loans, shall be on a pro rata basis with the other Revolving Loans or Revolving Commitments (other than upon the maturity of the non-extended Revolving Loans and Revolving Commitments) and (viii) the terms of the Extended Revolving Commitments or Extended Term Loans, as applicable, shall be substantially identical to the terms set forth
herein (except as set forth in clauses (i) through (v) above). 

(e)        Extension Effectiveness. In connection with
any Extension, the Borrower, the Administrative Agent and each applicable Extending Lender shall execute and deliver to the Administrative Agent an Extension Amendment and such other documentation as the Administrative Agent shall reasonably specify
to evidence the Extension. The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Extension. Any Extension Amendment may, without the consent of any other Lender, effect such amendments to this Agreement and the
other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrower, to implement the terms of any such Extension, including any amendments necessary to establish Extended Revolving
Commitments or Extended Term Loans as a new Class or tranche of Revolving Commitments or Term Loans, as applicable, and such other technical amendments as may be necessary or appropriate in the reasonable opinion of the Administrative Agent and
the Borrower in connection with the establishment of such new Class or tranche (including to preserve the pro rata treatment of the extended and non-extended Classes or tranches and to provide for
the reallocation of Revolving Exposure upon the expiration or termination of the commitments under any Class or tranche), in each case on terms consistent with this Section 2.16. This Section 2.16
shall supersede any provisions in Section 2.13 or 11.01 to the contrary. 

  
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 2.17    Incremental Facilities. 

(a)        Increase in Revolving Facility; Incremental Term
Facility. Subject to the terms and conditions set forth herein, the Borrower shall have the right, by written notice to the Administrative Agent, to request from time to time that one or more Lenders (and/or one or more other Persons which are
Eligible Assignees and which will become Lenders), (x) prior to the Maturity Date for the Revolving Facility, provide an increase to the existing Revolving Commitments (each, an “Incremental Revolving Commitment”) and/or
(y) establish one or more new term loan commitments (each, an “Incremental Term Commitment”), by an aggregate amount (for all such requests) not exceeding $75,000,000, plus (ii) the aggregate amount of
(A) any optional prepayment of Term Loans pursuant to Section 2.05(a) and (B) any optional permanent reduction of the Revolving Facility pursuant to Section 2.06(a), plus
(iii) an additional amount so long as, in the case of this clause (iii), after giving pro forma effect to the relevant Incremental Commitments, and assuming no cash netting of the proceeds thereof and full funding of any such
Incremental Commitments (including, in each case, the use of proceeds thereof and other customary events), as of the last day of the fiscal quarter most recently ended as to which financial statements were required to be delivered pursuant to this
Agreement, the Consolidated Net Leverage Ratio is no greater than 3.00:1.00 (provided, that to the extent the proceeds of any Incremental Commitments are used to finance a Limited Condition Acquisition, the Consolidated Net Leverage Ratio
shall be tested on the date on which the Limited Condition Acquisition Agreement therefor is effective, executed and delivered by the parties thereto); provided that, each Incremental Commitment shall be in an aggregate amount of $15,000,000
or any whole multiple of $1,000,000 in excess thereof. 

(b)        Lenders; Additional Lenders. Incremental
Commitments may be provided by any existing Lender (it being understood that no existing Lender will have an obligation to make a portion of any Incremental Commitment unless it in its sole discretion so agrees) or, in the event existing Lenders
decline to provide any portion of any Incremental Commitment, by any other Eligible Assignee (any such other bank, financial institution or other investor being called an “Additional Lender”); provided that
(w) the Administrative Agent and the Borrower shall have consented (such consent not to be unreasonably withheld or delayed) to such Lender’s or Additional Lender’s making such Incremental Term Loans or providing such Incremental
Revolving Commitment if such consent would be required under Section 11.06(b)(iii)(B) for an assignment of Loans or Commitments, as applicable, to such Lender or Additional Lender; (x) solely with respect to any
Incremental Revolving Commitment, the Swingline Lender and each L/C Issuer shall have consented (such consent not to be unreasonably withheld or delayed) to such Additional Lenders providing such Incremental Revolving Commitment if such consent
would be required under Section 11.06(b)(iii)(C) for an assignment of Loans or Commitments, as applicable, to such Lender or Additional Lender; (y) the limitations on assignments to certain Persons as set forth in
Section 11.06 shall also be applicable with respect to any Additional Lender; and (z) any Additional Lender shall execute and deliver an Incremental Agreement. 

(c)        Incremental Term Commitments. The terms and
provisions (including, without limitation, pricing and amortization) for each Incremental Term Loan shall be set forth in the Incremental Agreement with respect to such Incremental Term Loan; provided that in any event, 

(i)        the weighted average life to maturity of any Incremental
Term Loan shall be no shorter than the remaining weighted average life to maturity of the then existing Term Loans (including any then existing Incremental Term Loans); 

(ii)        the maturity date of each Incremental Term Loan (the
“Incremental Term Loan Maturity Date”) shall not be earlier than the latest Maturity Date under any Facility 

  
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(including any then outstanding Incremental Term Loans); and 

(iii)        the Applicable Rate for each Incremental Term Loan shall
be determined by the Borrower and the Lenders of the Incremental Term Loans; provided that in the event that the All-in-Yield for any Incremental Term Loan
incurred on or prior to the 18-month anniversary of the Closing date is greater than the All-in-Yield for the existing Term Loans
or existing Incremental Term Loans by more than 50 basis points, then the Applicable Rate for the existing Term Loans and existing Incremental Term Loans shall be increased to the extent necessary so that the All-in-Yield for the Incremental Term Loans is no more than 50 basis points higher than the All-in-Yield for the existing Term
Loans and existing Incremental Term Loans; provided, further, that in determining the All-in-Yield applicable to the existing Term Loans, existing
Incremental Term Loans and the Incremental Term Loans, (x) original issue discount (“OID”) or upfront fees (which shall be deemed to constitute like amounts of OID) payable by the Borrower to the Lenders of the existing
Term Loans, existing Incremental Term Loans or the Incremental Term Loans in the primary syndication thereof shall be included (with OID being equated to interest based on an assumed four-year life to maturity or, if less, the remaining life to
maturity), (y) customary arrangement or commitment fees payable to the Arranger (or its affiliates) in connection with the existing Term Loans or existing Incremental Term Loans or to one or more arrangers (or their affiliates) of the Incremental
Term Loans shall be excluded and (z) if the LIBOR Rate or Base Rate “floor” for the Incremental Term Loans is greater than the LIBOR Rate or Base Rate “floor,” respectively, for the existing Term Loans or the existing
Incremental Term Loans, the difference between such floor for the Incremental Term Loans and the existing Term Loans or existing Incremental Term Loans shall be equated to an increase in the All-in-Yield for purposes of this clause (iii); 
 provided further that, except as
otherwise set forth herein or in the Incremental Agreement, or except to the extent such differing terms are applicable solely after the latest Maturity Date under any Facility (including any then outstanding Incremental Term Loans), all of the
other terms and conditions applicable to such Incremental Term Loans shall be substantially consistent with the terms and conditions applicable to the existing Term Loans, and to the extent that the terms and provisions of Incremental Term Loans are
not substantially consistent with the existing Term Loans (except to the extent permitted by clause (i), (ii) or (iii) above) they shall be reasonably satisfactory to the Administrative Agent, the Lenders providing such
Incremental Term Loans and the Borrower. 

(d)        Incremental Revolving Commitments. The terms
and provisions of the Incremental Revolving Commitment shall be identical to the Revolving Loans and the Revolving Commitments and, for purposes of this Agreement and the other Loan Documents, all Revolving Loans made under the Incremental Revolving
Commitment shall be deemed to be Revolving Loans of the same class as the Revolving Loans under the Revolving Commitments. Without limiting the generality of the foregoing, (A) the rate of interest applicable to the Incremental Revolving
Commitment shall be the same as the rate of interest applicable to the existing Revolving Loans, (B) commitment fees applicable to the Incremental Revolving Commitment shall be calculated using the same commitment fees applicable to the
existing Revolving Loans and (C) the Incremental Revolving Commitment shall share ratably in any mandatory prepayments of the Revolving Loans. 

(e)        Notice to Administrative Agent; Lender
Elections. Each notice from the Borrower pursuant to this Section 2.17 shall be given in writing and shall set forth the requested amount and proposed terms of the relevant Incremental Term Loans or Incremental
Revolving Commitment, including (x) the time period within which the existing Lenders are requested to respond (which shall in no event be less than ten (10) Business Days from the date of delivery of such notice) and

  
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(y) the date on which the Borrower proposes that the Incremental Commitments shall be effective. Existing Lenders shall be offered the first opportunity to provide any Incremental Term Loans or
Incremental Revolving Commitments. Each Lender shall notify the Administrative Agent within such time period of its Incremental Commitment, if any. Any Lender not responding within such time period shall be deemed to have declined to provide an
Incremental Commitment. The Administrative Agent shall notify the Borrower of the Lenders’ responses to each request made hereunder. In the event existing Lenders decline to provide any portion of any requested Incremental Term Loans or
Incremental Revolving Commitment, such portion may be offered to any Eligible Assignees who will become Additional Lenders. 

(f)        Conditions to Effectiveness of Incremental
Commitments. Commitments in respect of Incremental Term Loans and Incremental Revolving Commitments shall become Commitments (or in the case of an Incremental Revolving Commitments to be provided by an existing Lender with a Revolving
Commitment, an increase in such Lender’s applicable Revolving Commitment) under this Agreement pursuant to an amendment (an “Incremental Agreement”) to this Agreement and, as appropriate, the other Loan Documents,
executed by the Borrower, the Guarantors, each Lender agreeing to provide such Commitment, if any, each Additional Lender, if any, and the Administrative Agent, in form and substance reasonably satisfactory to each of them. The Incremental Agreement
may, subject to Section 2.17, without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary, in the reasonable opinion of the Administrative Agent and
the Borrower, to effect the provisions of this Section 2.17 (including, in connection with an Incremental Revolving Commitment, to reallocate Revolving Exposure on a pro rata basis among the relevant Revolving Lenders). The
effectiveness of any Incremental Agreement, and the occurrence of any Credit Extension thereunder, shall be subject to the satisfaction on the date thereof (each, an “Incremental Effective Date”) of such conditions as the
parties thereto shall agree and as set forth below: 

(i)        no Default shall have occurred and be continuing or would
result from the borrowings to be made on the Incremental Effective Date; 

(ii)        the representations and warranties contained in
Article V and the other Loan Documents are true and correct in all respects (or in all material respects for such representations and warranties that are not by their terms already qualified by materiality), on and as of the Incremental
Effective Date, and except that for purposes of this Section 2.17, the representations and warranties contained in clauses (a) and (b) of Section 5.05 shall be deemed to refer to
the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01; provided, that if the proceeds thereof are used to finance a Limited Condition Acquisition, only
the accuracy of the Specified Representations shall be required to be true and correct in all material respects (or with respect to Specified Representations that contain a materiality qualification, be true and correct in all respects) as of the
Incremental Effective Date; 
 (iii)        on a pro forma basis
(assuming all Incremental Commitments are fully drawn), the Borrower shall be in compliance with each of the covenants set forth in Section 7.11 as of the end of the latest fiscal quarter for which financial statements are
required to have been delivered pursuant to Section 6.01(a) or (b); 

(iv)        the Borrower shall make any breakage payments in
connection with any adjustment of Revolving Loans pursuant to Section 2.17(g); and 

(v)        the Borrower shall deliver or cause to be delivered
officer’s certificates and legal opinions of the type delivered on the Closing Date to the extent reasonably 

  
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requested by, and in form and substance reasonably satisfactory to, the Administrative Agent; 

provided that, if the proceeds of any Incremental Commitments are being used in whole or in part to fund a Limited
Condition Acquisition and the Borrower has made an LCA Election, the foregoing conditions set forth in clauses (i), (ii) and (iii) above may be waived (or not required) by the lenders providing an Incremental
Commitment, subject to the requirements that (A) there shall be a condition that no Event of Default exists on the date the applicable Limited Condition Acquisition Agreement is executed and effective, (B) there shall be a condition that
the tests set forth in clauses (i) and (iii) above are satisfied on the date the applicable Limited Condition Acquisition Agreement is executed and effective, (C) there shall be a condition that no Event of Default
under Section 8.01(a), (f) or (g) shall have occurred and be continuing at the time of the consummation of the Limited Condition Acquisition and (D) unless otherwise agreed to by the Borrower
in its sole discretion, the only representations and warranties in any Loan Document the making of which shall be a condition to the availability of such Incremental Commitment on the Incremental Effective Date shall be the Specified
Representations, and the representations and warranties made by “Sellers” or “Target” in the applicable acquisition agreement that are (x) material to the Lenders and (y) pursuant to which any Loan Party or Restricted
Subsidiary has the right to terminate its obligations thereunder as a result of a breach of such representations. 

(g)        Reallocation. Upon each Incremental Revolving
Commitment pursuant to this Section, each Lender with a Revolving Commitment immediately prior to such increase will automatically and without further act be deemed to have assigned to each Lender providing a portion of the Incremental Revolving
Commitment (each, an “Incremental Revolving Commitment Lender”) in respect of such increase, and each such Incremental Revolving Commitment Lender will automatically and without further act be deemed to have assumed, a
portion of such Lender’s participations hereunder in outstanding Letters of Credit and Swingline Loans such that, after giving effect to each such deemed assignment and assumption of participations, the percentage of the aggregate outstanding
(A) participations hereunder in Letters of Credit and (B) participations hereunder in Swingline Loans held by each Lender with a Revolving Commitment (including each such Incremental Revolving Commitment Lender) will equal the percentage
of the aggregate Revolving Commitments of all Lenders represented by such Lender’s Revolving Commitment. If, on the date of such increase, there are any Revolving Loans outstanding, such Revolving Loans shall on or prior to the effectiveness of
such Incremental Revolving Commitment be prepaid from the proceeds of additional Revolving Loans made hereunder (reflecting such increase in Revolving Commitments), which prepayment shall be accompanied by accrued interest on the Revolving Loans
being prepaid and any costs incurred by any Lender in accordance with Section 3.05, to the extent necessary to maintain the pro rata exposures among the Lenders with Revolving Commitments. The Administrative Agent and the
Lenders hereby agree that the minimum borrowing, pro rata borrowing and pro rata payment requirements contained elsewhere in this Agreement shall not apply to the transactions effected pursuant to the immediately preceding sentence. If there is a
new borrowing of Revolving Loans on such Incremental Effective Date, the Revolving Lenders after giving effect to such Incremental Effective Date shall make such Revolving Loans in accordance with Section 2.01(b).

 (h)        Making of New Incremental Term Loans. On
any Incremental Effective Date on which new Incremental Term Commitments are effective, subject to the satisfaction of the foregoing terms and conditions, each Lender of such new Incremental Term Commitments shall make an Incremental Term Loan to
the Borrower in an amount equal to its new Incremental Term Commitment. 

  
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(i)        Equal and Ratable Benefit. The Incremental
Loans and Incremental Commitments established pursuant to this Section 2.17 shall constitute Loans, Commitments and Obligations under, and shall be entitled to all the benefits afforded by, this Agreement and the other Loan
Documents, and shall, without limiting the foregoing, benefit equally and ratably from the Guarantees and security interests created by the Collateral Documents. The Loan Parties shall take any actions reasonably required by the Administrative Agent
to ensure and/or demonstrate that the Lien and security interests granted by the Collateral Documents continue to be perfected under the UCC or otherwise after giving effect to the establishment of any such class of Incremental Term Loans or any
such new Commitments. The Borrower will use the proceeds of the Incremental Term Loans and Incremental Revolving Commitments for any purpose not prohibited by this Agreement. This Section 2.17 shall supersede any provisions
in Section 2.13 or Section 11.01 to the contrary. 
 ARTICLE III 

TAXES, YIELD PROTECTION AND ILLEGALITY 

3.01    Taxes. 

(a)        Defined Terms. For purposes of this
Section 3.01, the term “Applicable Law” includes FATCA and the term “Lender” includes any L/C Issuer. 

(b)        Payments Free of Taxes; Obligation to Withhold; Payments
on Account of Taxes. Any and all payments by or on account of any obligation of any Loan Party under any Loan Document shall be made without deduction or withholding for any Taxes, except as required by Applicable Laws. If any Applicable Laws
(as determined in the good faith discretion of an applicable Withholding Agent) require the deduction or withholding of any Tax from any such payment by a Withholding Agent, then the applicable Withholding Agent shall be entitled to make such
deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with Applicable Law and, if such Tax is an Indemnified Tax, then the sum payable by the applicable Loan Party
shall be increased as necessary so that after any required withholding or the making of all required deductions (including withholding or deductions applicable to additional sums payable under this Section 3.01) the
applicable Recipient receives an amount equal to the sum it would have received had no such withholding or deduction been made. 

(c)        Payment of Other Taxes by the Loan Parties. The Loan
Parties shall timely pay to the relevant Governmental Authority in accordance with Applicable Law, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes. 

(d)        Tax Indemnifications. 

(i)        Each of the Loan Parties shall, and does hereby, jointly
and severally indemnify each Recipient, and shall make payment in respect thereof within ten (10) days after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to
amounts payable under this Section 3.01 but without duplication of any amounts of Indemnified Taxes indemnified or paid under Section 3.01(b) or Section 3.01(c) or
any other Loan Document) payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such
Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender (with a copy to the Administrative Agent),

  
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or by the Administrative Agent on its own behalf or on behalf of a Lender (in each case, with sufficient information to substantiate the amount of the claim attached), shall be conclusive absent
manifest error. 
 (ii)        Each Lender shall, and does hereby,
severally indemnify and shall make payment in respect thereof within ten (10) days after demand therefor, (A) the Administrative Agent against any Indemnified Taxes attributable to such Lender (but only to the extent that any Loan Party
has not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Loan Parties to do so), (B) the Administrative Agent and the Loan Parties, as applicable, against any Taxes attributable to
such Lender’s failure to comply with the provisions of Section 11.06(d) relating to the maintenance of a Participant Register and (C) the Administrative Agent and the Loan Parties, as applicable, against
any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent or a Loan Party in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether
or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent
manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable by the Administrative Agent to the Lender from any other
source against any amount due to the Administrative Agent under this clause (d)(ii). 

(e)        Evidence of Payments. As soon as practicable after
any payment of Taxes by any Loan Party to a Governmental Authority, as provided in this Section 3.01, the Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such
Governmental Authority evidencing such payment, a copy of any return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent. 

(f)        Status of Lenders; Tax Documentation. 

(i)        Any Lender that is entitled to an exemption from or
reduction of withholding Tax with respect to payments made under any Loan Document shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the Administrative Agent, such properly
completed and executed documentation reasonably requested by the Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested
by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by Applicable Law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine
whether or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than
such documentation set forth in Section 3.01(f)(ii)(A), (ii)(B) and (ii)(D) 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. 

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

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

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

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

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

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

  
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 (C)        any
Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes
a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed copies (or originals, as required) 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; 
 (D)        if a
payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in
Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the
Administrative Agent such documentation prescribed by Applicable Law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be
necessary for the Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold
from such payment. Solely for the purposes of this clause (f)(ii)(D), “FATCA” shall include any amendments made to FATCA after the date of this Agreement; and 

(E)        on or before the date that Bank of America, N.A., and any
successor or replacement Administrative Agent becomes the Administrative Agent hereunder, it shall deliver to the Borrower an electronic copy of either (i) IRS Form W-9 (or any successor form) or
(ii) a U.S. branch withholding certificate on IRS Form W-8IMY (or any successor form) evidencing its agreement with the Borrower to be treated as a U.S. Person with respect to amounts received on account
of any Lender from the Borrower. 
 (iii)        Each Lender agrees
that if any form or certification it previously delivered pursuant to this Section 3.01 expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrower
and the Administrative Agent in writing of its legal inability to do so. 

(g)        Treatment of Certain Refunds. If any Recipient
determines, in its sole discretion exercised in good faith, that it has received a refund of any Taxes as to which it has been indemnified by any Loan Party or with respect to which any Loan Party has paid additional amounts pursuant to this
Section 3.01, it shall pay to such Loan Party an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by such Loan Party under this Section 3.01
with respect to the Taxes giving rise to such refund), net of all reasonable and documented out-of-pocket expenses (including Taxes) incurred by such Recipient, as
the case may be, and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund), provided that each Loan Party, upon the request of the Recipient, agrees to repay the amount paid over to such
Loan Party (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Recipient in the event the 

  
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Recipient is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this clause (g), in no event will the applicable Recipient be
required to pay any amount to such Loan Party pursuant to this clause (g) the payment of which would place the Recipient in a less favorable net after-Tax position than such Recipient would have
been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This clause
(g) shall not be construed to require any Recipient to make available its tax returns (or any other information relating to its Taxes that it deems confidential) to any Loan Party or any other Person. For purposes of this paragraph, the
term “refund” shall include the monetary benefit or any credit received in lieu of a refund. 

(h)        Survival. Each party’s obligations under this
Section 3.01 shall survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or
discharge of all other Obligations. 
 3.02    Illegality. 

If any Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted
that it is unlawful, for any Lender or its Lending Office to make, maintain or fund or charge interest with respect to any Credit Extension, or to determine or charge interest rates based upon the Eurodollar Rate, or any Governmental Authority has
imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, Dollars in the London interbank market, then, upon notice thereof by such Lender to the Borrower (through the Administrative Agent), (i) any
obligation of such Lender to make or continue Eurodollar Rate Loans or to convert Base Rate Loans to Eurodollar Rate Loans shall be suspended, and (ii) if such notice asserts the illegality of such Lender making or maintaining Base Rate Loans
the interest rate on which is determined by reference to the Eurodollar Rate component of the Base Rate, the interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative
Agent without reference to the Eurodollar Rate component of the Base Rate, in each case until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such determination no longer exist. Upon receipt of
such written notice, (A) the Borrower shall, upon receipt of a written demand from such Lender (with a copy to the Administrative Agent), prepay or, if applicable, convert all Eurodollar Rate Loans of such Lender to Base Rate Loans (the
interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Eurodollar Rate component of the Base Rate), either on the last day of the
Interest Period therefor, if such Lender may lawfully continue to maintain such Eurodollar Rate Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurodollar Rate Loans and (B) if such notice asserts
the illegality of such Lender determining or charging interest rates based upon the Eurodollar Rate, the Administrative Agent shall during the period of such suspension compute the Base Rate applicable to such Lender without reference to the
Eurodollar Rate component thereof until the Administrative Agent is advised in writing by such Lender that it is no longer illegal for such Lender to determine or charge interest rates based upon the Eurodollar Rate. Upon any such prepayment or
conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted, together with any additional amounts required pursuant to Section 3.05. 

3.03    Inability to Determine Rates. 

(a)        If in connection with any request for a Eurodollar Rate
Loan or a conversion to or continuation thereof, (i) the Administrative Agent determines that (A) Dollar deposits are not being 

  
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offered to banks in the London interbank eurodollar market for the applicable amount and Interest Period of such Eurodollar Rate Loan, or (B) (1) adequate and reasonable means do not exist
for determining the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan or in connection with an existing or proposed Base Rate Loan and (2) the circumstances described in
Section 3.03(c)(i) do not apply (in each case with respect to this clause (i), “Impacted Loans”), or (ii) the Administrative Agent or the Required Lenders determine that for any reason
Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify the Borrower and
each Lender. Thereafter, (x) the obligation of the Lenders to make or maintain Eurodollar Rate Loans shall be suspended (to the extent of the affected Eurodollar Rate Loans or Interest Periods), and (y) in the event of a determination
described in the preceding sentence with respect to the Eurodollar Rate component of the Base Rate, the utilization of the Eurodollar Rate component in determining the Base Rate shall be suspended, in each case until the Administrative Agent (or, in
the case of a determination by the Required Lenders described in clause (ii) of this Section 3.03(a), until the Administrative Agent upon instruction of the Required Lenders) revokes such notice. Upon receipt of
such notice, the Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of Eurodollar Rate Loans (to the extent of the affected Eurodollar Rate Loans or Interest Periods) or, failing that, will be deemed to have
converted such request into a request for a Borrowing of Base Rate Loans in the amount specified therein. 

(b)        Notwithstanding the foregoing, if the Administrative Agent
has made the determination described in clause (a)(i) of this Section 3.03, the Administrative Agent in consultation with the Borrower, may establish an alternative interest rate for the Impacted Loans, in which
case, such alternative rate of interest shall apply with respect to the Impacted Loans until (i) the Administrative Agent revokes the notice delivered with respect to the Impacted Loans under clause (a)(i) of this
Section 3.03, (ii) the Administrative Agent or the Required Lenders notify the Administrative Agent and the Borrower that such alternative interest rate does not adequately and fairly reflect the cost to such Lenders of
funding the Impacted Loans, or (iii) any Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for such Lender or its applicable Lending Office to make, maintain or fund Loans
whose interest is determined by reference to such alternative rate of interest or to determine or charge interest rates based upon such rate or any Governmental Authority has imposed material restrictions on the authority of such Lender to do any of
the foregoing and provides the Administrative Agent and the Borrower written notice thereof. 

(c)        Notwithstanding anything to the contrary in this Agreement
or any other Loan Documents, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Borrower or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a
copy to the Borrower) that the Borrower or Required Lenders (as applicable) have determined, that: 

(i)        adequate and reasonable means do not exist for
ascertaining LIBOR for any Interest Period hereunder or any other tenors of LIBOR, including, without limitation, because the LIBOR Screen Rate is not available or published on a current basis and such circumstances are unlikely to be temporary; or

 (ii)        the administrator of the LIBOR Screen Rate or a
Governmental Authority having jurisdiction over the Administrative Agent or such administrator has made a public statement identifying a specific date after which LIBOR or the LIBOR Screen Rate shall no longer be made available, or used for
determining the interest rate of loans, provided that, at the time of such statement, there is no successor administrator that is satisfactory to 

  
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the Administrative Agent, that will continue to provide LIBOR after such specific date (such specific date, the “Scheduled Unavailability Date”); or 

(iii)        the administrator of the LIBOR Screen Rate or a
Governmental Authority having jurisdiction over such administrator has made a public statement announcing that all Interest Periods and other tenors of LIBOR are no longer representative; or 

(iv)        syndicated loans currently being executed, or that
include language similar to that contained in this Section 3.03, are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace LIBOR; 

then, in the case of clauses (i)-(iii) above, on a date and time determined by the Administrative Agent (any
such date, the “LIBOR Replacement Date”), which date shall be at the end of an Interest Period or on the relevant interest payment date, as applicable, for interest calculated and shall occur reasonably promptly upon the
occurrence of any of the events or circumstances under clauses (i), (ii) or (iii) above and, solely with respect to clause (ii) above, no later than the Scheduled Unavailability Date, LIBOR will be replaced hereunder and under any Loan
Document with, subject to the proviso below, the first available alternative set forth in the order below for any payment period for interest calculated that can be determined by the Administrative Agent, in each case, without any amendment to, or
further action or consent of any other party to, this Agreement or any other Loan Document (the “LIBOR Successor Rate”; and any such rate before giving effect to the Related Adjustment, the “Pre-Adjustment Successor Rate”): 

(x)        Term SOFR plus the Related Adjustment; and 

(y)        SOFR plus the Related Adjustment; 

and in the case of clause (iv) above, the Borrower and Administrative Agent may amend this Agreement
solely for the purpose of replacing LIBOR under this Agreement and under any other Loan Document in accordance with the definition of “LIBOR Successor Rate” and such amendment will become effective at 5:00 p.m., on the fifth Business Day
after the Administrative Agent shall have notified all Lenders and the Borrower of the occurrence of the circumstances described in clause (iv) above unless, prior to such time, Lenders comprising the Required Lenders have delivered to the
Administrative Agent written notice that such Required Lenders object to the implementation of a LIBOR Successor Rate pursuant to such clause; provided that, if the Administrative Agent determines that Term SOFR has become available, is
administratively feasible for the Administrative Agent and would have been identified as the Pre-Adjustment Successor Rate in accordance with the foregoing if it had been so available at the time that the
LIBOR Successor Rate then in effect was so identified, and the Administrative Agent notifies the Borrower and each Lender of such availability, then from and after the beginning of the Interest Period, relevant interest payment date or payment
period for interest calculated, in each case, commencing no less than thirty (30) days after the date of such notice, the Pre-Adjustment Successor Rate shall be Term SOFR and the LIBOR Successor Rate
shall be Term SOFR plus the relevant Related Adjustment. 
 The Administrative Agent will promptly (in one or more notices)
notify the Borrower and each Lender of (x) any occurrence of any of the events, periods or circumstances under clauses (i) through (iii) above, (y) a LIBOR Replacement Date and (z) the LIBOR Successor Rate. 

Any LIBOR Successor Rate shall be applied in a manner consistent with market practice; provided that to the extent such
market practice is not administratively feasible for the Administrative Agent, such LIBOR Successor Rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent. 

  
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 Notwithstanding anything else herein, if at any time any LIBOR Successor
Rate as so determined would otherwise be less than 0%, the LIBOR Successor Rate will be deemed to be 0% for the purposes of this Agreement and the other Loan Documents. 

In connection with the implementation of a LIBOR Successor Rate, the Administrative Agent will have the right to make LIBOR
Successor Rate Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such LIBOR Successor Rate Conforming Changes will become effective without any
further action or consent of any other party to this Agreement; provided that, with respect to any such amendment effected, the Administrative Agent shall post each such amendment implementing such LIBOR Successor Rate Conforming Changes to
the Borrower and the Lenders reasonably promptly after such amendment becomes effective. 
 If the events or circumstances
of the type described in 3.03(c)(i)-(iii) have occurred with respect to the LIBOR Successor Rate then in effect, then the successor rate thereto shall be determined in accordance with the definition of “LIBOR Successor Rate.”
Notwithstanding anything to the contrary herein or in any other Loan Document, in no event shall the LIBOR Successor Rate constitute a rate that is not considered a “qualified rate” within the meaning of
Section 1.1001-6 of the United States Proposed Treasury Regulations (or any amended, finalized, or successor version of such section), without the Administrative Agent’s prior written consent. 

(d)        Notwithstanding anything to the contrary herein,
(i) after any such determination by the Administrative Agent or receipt by the Administrative Agent of any such notice described under Section 3.03(c)(i)-(iii), as applicable, if the Administrative Agent determines that none of the LIBOR
Successor Rates is available on or prior to the LIBOR Replacement Date, (ii) if the events or circumstances described in Section 3.03(c)(iv) have occurred but none of the LIBOR Successor Rates is available, or (iii) if the events or
circumstances of the type described in Section 3.03(c)(i)-(iii) have occurred with respect to the LIBOR Successor Rate then in effect and the Administrative Agent determines that none of the LIBOR Successor Rates is available, then in each
case, the Administrative Agent and the Borrower may amend this Agreement solely for the purpose of replacing LIBOR or any then current LIBOR Successor Rate in accordance with this Section 3.03 at the end of any Interest Period, relevant
interest payment date or payment period for interest calculated, as applicable, with another alternate benchmark rate giving due consideration to any evolving or then existing convention for similar U.S. dollar denominated syndicated credit
facilities for such alternative benchmarks and, in each case, including any Related Adjustments and any other mathematical or other adjustments to such benchmark giving due consideration to any evolving or then existing convention for similar U.S.
dollar denominated syndicated credit facilities for such benchmarks, which adjustment or method for calculating such adjustment shall be published on an information service as selected by the Administrative Agent from time to time in its reasonable
discretion and may be periodically updated. For the avoidance of doubt, any such proposed rate and adjustments shall constitute a LIBOR Successor Rate. Any such amendment shall become effective at 5:00 p.m. on the fifth Business Day after the
Administrative Agent shall have posted such proposed amendment to all Lenders and the Borrower unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders
object to such amendment. 
 (e)        If, at the end of any
Interest Period, relevant interest payment date or payment period for interest calculated, no LIBOR Successor Rate has been determined in accordance with clauses (c) or (d) of this Section 3.03 and the circumstances under clauses
(c)(i) or (c)(iii) above exist or the Scheduled Unavailability Date has occurred (as applicable), the Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, (x) the obligation of the Lenders to make or maintain
Eurodollar Rate Loans shall be suspended, (to the extent of the affected 

  
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Eurodollar Rate Loans, Interest Periods, interest payment dates or payment periods), and (y) the Eurodollar Rate component shall no longer be utilized in determining the Base Rate, until the
LIBOR Successor Rate has been determined in accordance with clauses (c) or (d). Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of Eurodollar Rate Loans (to the extent
of the affected Eurodollar Rate Loans, Interest Periods, interest payment dates or payment periods) or, failing that, will be deemed to have converted such request into a request for a Committed Borrowing of Base Rate Loans (subject to the foregoing
clause (y)) in the amount specified therein. 
  

	 	3.04    Increased	 Costs; Reserves on Eurodollar Rate Loans. 

(a)        Increased Costs Generally. If any Change in Law
shall: 
 (i)        impose, modify or deem applicable any reserve,
special deposit, compulsory loan, insurance charge or similar requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement contemplated by
Section 3.04(d)) or any L/C Issuer; 

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

(iii)        impose on any Lender or any L/C Issuer or the London
interbank market any other condition, cost or expense (other than Taxes) affecting this Agreement or Eurodollar Rate Loans made by such Lender or any Letter of Credit or participation therein; 

and the result of any of the foregoing shall be to increase the cost to such Lender of making, converting to, continuing or
maintaining any Loan (or of maintaining its obligation to make any such Loan), or to increase the cost to such Lender or such L/C Issuer of participating in, issuing or maintaining any Letter of Credit (or of maintaining its obligation to
participate in or to issue any Letter of Credit), or to reduce the amount of any sum received or receivable by such Lender or such L/C Issuer hereunder (whether of principal, interest or any other amount) then, upon request of such Lender or such
L/C Issuer, the Borrower will pay to such Lender or such L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or such L/C Issuer, as the case may be, for such additional costs incurred or reduction
suffered. 
 (b)        Capital Requirements. If any Lender
or any L/C Issuer determines that any Change in Law affecting such Lender or such L/C Issuer or any Lending Office of such Lender or such Lender’s or such L/C Issuer’s holding company, if any, regarding capital or liquidity requirements
has or would have the effect of reducing the rate of return on such Lender’s or such L/C Issuer’s capital or on the capital of such Lender’s or such L/C Issuer’s holding company, if any, as a consequence of this Agreement, the
Commitments of such Lender or the Loans made by, or participations in Letters of Credit or Swingline Loans held by, such Lender, or the Letters of Credit issued by such L/C Issuer, to a level below that which such Lender or such L/C Issuer or such
Lender’s or such L/C Issuer’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or such L/C Issuer’s policies and the policies of such Lender’s or such L/C Issuer’s
holding company with respect to capital adequacy), then from time to time, upon request of such Lender or the L/C Issuer and subject to clauses (c) and (e) below, the Borrower will pay to such Lender or such L/C Issuer, as the case may be, such
additional amount 

  
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or amounts as will compensate such Lender or such L/C Issuer or such Lender’s or such L/C Issuer’s holding company for any such reduction suffered. 

(c)        Certificates for Reimbursement. A certificate of a
Lender or an L/C Issuer setting forth the amount or amounts necessary to compensate such Lender or such L/C Issuer or its holding company, as the case may be, as specified in clause (a) or (b) of this
Section 3.04 and delivered to the Borrower shall be conclusive absent manifest error. The Borrower shall pay such Lender or such L/C Issuer, as the case may be, the amount shown as due on any such certificate within ten
(10) days after receipt thereof. 
 (d)        Reserves on
Eurodollar Rate Loans. The Borrower shall pay to each Lender, (i) as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including eurocurrency funds or deposits (currently known
as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each Eurodollar Rate Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith,
which determination shall be conclusive), and (ii) as long as such Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any central banking or financial regulatory authority imposed in respect of the
maintenance of the Commitments or the funding of the Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Commitment or
Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which in each case shall be due and payable on each date on which interest is payable on such Loan, provided the Borrower shall have
received at least ten (10) days’ prior notice (with a copy to the Administrative Agent) of such additional interest or costs from such Lender. If a Lender fails to give notice ten (10) days prior to the relevant Interest Payment Date,
such additional interest shall be due and payable ten (10) days from receipt of such notice. 

(e)        Delay in Requests. Failure or delay on the part of
any Lender or any L/C Issuer to demand compensation pursuant to the foregoing provisions of this Section 3.04 shall not constitute a waiver of such Lender’s or such L/C Issuer’s right to demand such compensation,
provided that the Borrower shall not be required to compensate a Lender or an L/C Issuer pursuant to the foregoing provisions of this Section 3.04 for any increased costs incurred or reductions suffered more than six
(6) months prior to the date that such Lender or such L/C Issuer, as the case may be, notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or such L/C Issuer’s intention to
claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the six (6) month period referred to above shall be extended to include the period of retroactive effect
thereof). 
 3.05    Compensation for Losses. 

Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the Borrower shall promptly compensate
such Lender for and hold such Lender harmless from any loss, cost or expense (excluding Taxes and subject to Section 3.03) incurred by it as a result of: 

(a)        any continuation, conversion, payment or prepayment of any
Loan other than a Base Rate Loan on a day other than the last day of the Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise); 

(b)        any failure by the Borrower (for a reason other than the
failure of such Lender to make a Loan) to prepay, borrow, continue or convert any Loan other than a Base Rate Loan on the date or in the amount notified by the Borrower; or 

  
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 (c)        any
assignment of a Eurodollar Rate Loan on a day other than the last day of the Interest Period therefor as a result of a request by the Borrower pursuant to Section 11.13; 

including any loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such Loan or
from fees payable to terminate the deposits from which such funds were obtained. The Borrower shall also pay any customary administrative fees charged by such Lender in connection with the foregoing. 

For purposes of calculating amounts payable by the Borrower to the Lenders under this Section 3.05,
each Lender shall be deemed to have funded each Eurodollar Rate Loan made by it at the Eurodollar Rate for such Loan by a matching deposit or other borrowing in the London interbank eurodollar market for a comparable amount and for a comparable
period, whether or not such Eurodollar Rate Loan was in fact so funded. 
 3.06    Mitigation
Obligations; Replacement of Lenders. 
 Designation of a Different Lending Office. If any
Lender requests compensation under Section 3.04, or requires the Borrower to pay any Indemnified Taxes or additional amounts to any Lender, any L/C Issuer, or any Governmental Authority for the account of any Lender or any
L/C Issuer pursuant to Section 3.01, or if any Lender gives a notice pursuant to Section 3.02, then at the request of the Borrower, such Lender or such L/C Issuer shall, as applicable, use
reasonable efforts to designate a different Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender or such L/C
Issuer, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 3.01 or 3.04, as the case may be, in the future, or eliminate the need for the notice pursuant to
Section 3.02, as applicable, and (ii) in each case, would not subject such Lender or such L/C Issuer, as the case may be, to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender or
such L/C Issuer, as the case may be. The Borrower hereby agrees to pay all reasonable and documented costs and expenses incurred by any Lender or any L/C Issuer in connection with any such designation or assignment. 

(a)        Replacement of Lenders. If any Lender requests
compensation under Section 3.04, or if the Borrower is required to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to
Section 3.01 and, in each case, such Lender has declined or is unable to designate a different lending office in accordance with Section 3.06(a), the Borrower may replace such Lender in accordance
with Section 11.13. 
 3.07    Survival. 

All of the Borrower’s obligations under this Article III shall survive termination of the Aggregate Commitments,
repayment of all other Obligations hereunder, resignation of the Administrative Agent and the Facility Termination Date. 
 ARTICLE IV

 CONDITIONS PRECEDENT TO CREDIT EXTENSIONS 

4.01    Conditions of Initial Credit
Extension. 
 The obligation of any L/C Issuer and each Lender to make its initial Credit Extension
hereunder is subject to satisfaction of the following conditions precedent: 

(a)        Execution of Credit Agreement; Loan
Documents. The Administrative Agent shall have received (i) counterparts of this Agreement, executed by a Responsible Officer of each 

  
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Loan Party and a duly authorized officer of each Lender, (ii) for the account of each Lender requesting a Note, a Note executed by a Responsible Officer of the Borrower,
(iii) counterparts of the Security Agreement, each applicable Collateral Document, executed by a Responsible Officer of the applicable Loan Parties and a duly authorized officer of each other Person party thereto, as applicable,
(iv) counterparts of the Administrative Agent Fee Letter and (v) counterparts of any other Loan Document, executed by a Responsible Officer of the applicable Loan Party and a duly authorized officer of each other Person party thereto. 

(b)        Officer’s Certificate. The
Administrative Agent shall have received an officer’s certificate dated the Closing Date, certifying as to the Organization Documents of each Loan Party (which, to the extent filed with a Governmental Authority, shall be certified as of a
recent date by such Governmental Authority), the resolutions of the governing body of each Loan Party, the good standing, existence or its equivalent of each Loan Party and of the incumbency (including specimen signatures) of the Responsible
Officers of each Loan Party. 
 (c)        Legal Opinions
of Counsel. The Administrative Agent shall have received an opinion or opinions (including, if requested by the Administrative Agent, local counsel opinions) of counsel for the Loan Parties, dated the Closing Date and addressed to the
Administrative Agent and the Lenders, in form and substance reasonably acceptable to the Administrative Agent. 

(d)        Financial Statements. The Administrative
Agent and the Lenders shall have received copies of the financial statements referred to in Section 5.05. 

(e)        Personal Property Collateral. The Administrative
Agent shall have received, in form and substance reasonably satisfactory to the Administrative Agent: 

(i)        (A) searches of UCC filings or equivalents in the
jurisdiction of incorporation or formation, as applicable, of each Loan Party and each jurisdiction where a filing would need to be made in order to perfect the Administrative Agent’s security interest in the Collateral, copies of the financing
statements on file in such jurisdictions and evidence that no Liens exist other than Permitted Liens and (B) tax lien, judgment and bankruptcy searches; 

(ii)        searches of ownership of Intellectual Property in the
appropriate governmental offices and such patent/trademark/copyright and other filings as requested by the Administrative Agent in order to perfect the Administrative Agent’s security interest in the Intellectual Property; 

(iii)        completed UCC financing statements or equivalents for
each appropriate jurisdiction as is necessary, in the Administrative Agent’s sole discretion, to perfect the Administrative Agent’s security interest in the Collateral; 

(iv)        stock or membership certificates, if any, evidencing the
Pledged Equity and undated stock or transfer powers duly executed in blank; in each case to the extent such Pledged Equity is certificated; 

(v)        all filing and recording fees and taxes shall have been
duly paid and any surveys, title insurance, landlord waivers and access letters requested by the Administrative Agent with respect to real property interests of the Borrower and its Subsidiaries shall have been obtained; and 

(vi)        to the extent required to be delivered, filed, registered
or recorded pursuant to the terms and conditions of the Collateral Documents, all instruments, documents and chattel paper in the possession of any of the Loan Parties, together with allonges or 

  
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assignments as may be necessary or appropriate to create and perfect the Administrative Agent’s and the Lenders’ security interest in the Collateral. 

(f)        Liability, Casualty and Property Insurance. The
Administrative Agent shall be satisfied with the amount, types and terms and conditions of all insurance maintained by the Loan Parties; and the Administrative Agent shall have received endorsements naming the Administrative Agent, on behalf of the
Lenders, as an additional insured or loss payee, as the case may be, under all such insurance policies to be maintained with respect to the properties of the Borrower and its Subsidiaries forming part of the Collateral. The Loan Parties shall have
delivered to the Administrative Agent an Authorization to Share Insurance Information. 

(g)        Solvency Certificate. The Administrative
Agent shall have received a Solvency Certificate signed by a Responsible Officer of the Borrower as to the financial condition, solvency and related matters of (i) each Loan Party and (ii) the Loan Parties and their Subsidiaries taken as a
whole, in each case, after giving effect to the initial Borrowings under the Loan Documents and the other transactions contemplated hereby. 

(h)        Financial Condition Certificate. The
Administrative Agent shall have received a certificate or certificates executed by a Responsible Officer of the Borrower as of the Closing Date, as to certain financial matters, in form and substance satisfactory to the Administrative Agent. 

(i)        Loan Notice. The Administrative Agent shall
have received a Loan Notice with respect to the Loans to be made on the Closing Date. 

(j)        Existing Indebtedness of the Loan Parties.
All of the existing Indebtedness for borrowed money of the Loan Parties and their Subsidiaries (other than Indebtedness permitted to exist pursuant to Section 7.02, but including, without limitation, the Existing Credit
Agreements) shall be repaid in full and all security interests related thereto shall be terminated on or prior to the Closing Date. 

(k)        Anti-Money-Laundering; Beneficial Ownership.
At least three Business Days prior to the Closing Date, the Borrower shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable
“know your customer” and anti-money-laundering rules and regulations, including, without limitation, the PATRIOT Act, and any Loan Party that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall
deliver, to each Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. 

(l)        Consents. The Administrative Agent shall have
received evidence that all members, boards of directors, governmental, shareholder and material third party consents and approvals necessary in connection with the entering into of this Agreement have been obtained. 

(m)        Fees and Expenses. The Administrative Agent,
the Arranger and the Lenders shall have received all fees and expenses, if any, owing pursuant to the Fee Letters and Section 2.09, and subject to the Fee Letters, all reasonable and documented fees and expenses of
White & Case LLP and any local counsel to the Administrative Agent, in each case as evidenced by an invoice provided to the Borrower prior to the Closing Date. 

Without limiting the generality of the provisions of Section 9.03(c), for purposes of determining
compliance with the conditions specified in this Section 4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter
required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender 

  
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unless the Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its objection thereto. 

4.02    Conditions to all Credit Extensions. 

The obligation of each Lender and L/C Issuer to honor any Request for Credit Extension (other than a Loan Notice requesting
only a conversion of Loans to the other Type, or a continuation of Eurodollar Rate Loans) is subject to the following conditions precedent: 

(a)        Representations and Warranties. The representations
and warranties of the Borrower and each other Loan Party contained in Article II, Article V or any other Loan Document shall (i) with respect to representations and warranties that contain a materiality
qualification, be true and correct in all respects on and as of the date of such Credit Extension and (ii) with respect to representations and warranties that do not contain a materiality qualification, be true and correct in all material
respects on and as of the date of such Credit Extension, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct in all material respects (or with respect to
representations and warranties that contain a materiality qualification, be true and correct in all respects) as of such earlier date, and except with respect to the initial Credit Extensions made on the Closing Date, for purposes of this
Section 4.02, the representations and warranties contained in Sections 5.05(a) and (b) shall be deemed to refer to the most recent statements furnished pursuant to Sections 6.01(a)
and (b), respectively. 
 (b)        Default. No
Default or Event of Default shall exist, or would result from such proposed Credit Extension or from the application of the proceeds thereof. 

(c)        Request for Credit Extension. The Administrative
Agent and, if applicable, the applicable L/C Issuer or the Swingline Lender shall have received a Request for Credit Extension in accordance with the requirements hereof. 

Each Request for Credit Extension (other than a Loan Notice requesting only a conversion of Loans to the other Type or a
continuation of Eurodollar Rate Loans) submitted by the Borrower shall be deemed to be a representation and warranty that the conditions specified in Sections 4.02(a) and (b) have been satisfied on and as of the date of the
applicable Credit Extension. 
 ARTICLE V 

REPRESENTATIONS AND WARRANTIES 

Each Loan Party represents and warrants to the Administrative Agent and the Lenders, as of the date made or deemed made, that:

 5.01    Existence, Qualification and Power. 

Each Loan Party and each of its Restricted Subsidiaries (a) is duly organized or formed, validly existing and, as
applicable, in good standing under the Laws of the jurisdiction of its incorporation or organization, (b) has all requisite power and authority and all requisite governmental licenses, authorizations, consents and approvals to (i) own or
lease its assets and carry on its business and (ii) execute, deliver and perform its obligations under the Loan Documents to which it is a party, and (c) is duly qualified and is licensed and, as applicable, in good standing under the Laws
of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license; except in each case referred to in clause (b)(i) or (c), to the extent that failure to do
so would not reasonably be expected to have a Material Adverse Effect. 

  
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 5.02    Authorization; No Contravention.

 The execution, delivery and performance by each Loan Party of each Loan Document to which such Person is a party have
been duly authorized by all necessary corporate or other organizational action, and do not and will not (a) contravene the terms of any of such Person’s Organization Documents; (b) conflict with or result in any breach or
contravention of, or the creation of (or the requirement to create) any Lien (other than Permitted Liens) under, or require any payment to be made under (i) any material Contractual Obligation to which such Person is a party which
(A) could, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect or (B) results in the creation or imposition of any Lien upon any Property then owned or thereafter acquired by such Person (other
than a Permitted Lien) or (ii) any material order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Person or its property is subject; or (c) violate any Applicable Law in any material respect.

 5.03    Governmental Authorization; Other Consents. 

No approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority
or any other Person is necessary or required in connection with (a) the execution, delivery or performance by, or enforcement against, any Loan Party of this Agreement or any other Loan Document, (b) the grant by any Loan Party of the
Liens granted by it pursuant to the Collateral Documents, (c) the perfection or maintenance of the Liens created under the Collateral Documents (including the first priority nature thereof subject to Permitted Liens), or (d) except as
would not reasonably be expected to have a Material Adverse Effect, the exercise by the Administrative Agent or any Lender of its rights under the Loan Documents or the remedies in respect of the Collateral pursuant to the Collateral Documents,
other than (i) authorizations, approvals, actions, notices and filings which have been duly obtained and (ii) filings to perfect the Liens created by the Collateral Documents. 

5.04    Binding Effect. 

This Agreement has been, and each other Loan Document, when delivered hereunder, will have been, duly executed and delivered
by each Loan Party that is party thereto. This Agreement constitutes, and each other Loan Document when so delivered will constitute, a legal, valid and binding obligation of such Loan Party, enforceable against each Loan Party that is party thereto
in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principals of equity. 

5.05    Financial Statements; No Material Adverse Effect. 

(a)        Audited Financial Statements. The Audited Financial
Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; (ii) fairly present in all material respects the financial condition of the
Borrower and its Subsidiaries as of the date thereof and their results of operations, cash flows and changes in Shareholders’ Equity for the period covered thereby in accordance with GAAP consistently applied throughout the period covered
thereby, except as otherwise expressly noted therein; and (iii) show all material indebtedness and other material liabilities, direct or contingent, of the Borrower and its Subsidiaries as of the date thereof, including liabilities for taxes,
material commitments and Indebtedness. 
 (b)        Quarterly
Financial Statements. The unaudited Consolidated balance sheets of the Borrower and its Subsidiaries dated November 30, 2020, and the related Consolidated statements of income or operations, Shareholders’ Equity and cash flows for the
fiscal quarter ended on that date (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein, and (ii) fairly present in all material respects the
financial condition of the Borrower and its Subsidiaries as of the date thereof and their 

  
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results of operations, cash flows and changes in Shareholders’ Equity for the period covered thereby, subject, in the case of clauses (i) and (ii), to the absence
of footnotes and to normal year-end audit adjustments. 

(c)        Material Adverse Effect. Since the date of
the balance sheet included in the Audited Financial Statements (and, in addition, after delivery of the most recent annual audited financial statements in accordance with the terms hereof, since the date of such annual audited financial statements),
there has been no event or circumstance, either individually or in the aggregate, that has had or could reasonably be expected to have a Material Adverse Effect. 

(d)        Forecasted Financials. The Consolidated forecasted
balance sheets, statements of income and cash flows of the Borrower and its Restricted Subsidiaries delivered pursuant to Section 4.01 or Section 6.01 were prepared in good faith on the basis of
the assumptions stated therein, which assumptions were fair in light of the conditions existing at the time of delivery of such forecasts, and represented, at the time of delivery, the Borrower’s best estimate of its future financial condition
and performance. 
 5.06    Litigation. 

As of the Closing Date, there are no actions, suits, proceedings, claims or disputes pending or, to the knowledge of the Loan
Parties, threatened in writing, at law, in equity, in arbitration or before any Governmental Authority, by or against any Loan Party or any Restricted Subsidiary or against any of their properties, rights or revenues that (a) purport to pertain
to this Agreement or any other Loan Document or any of the transactions contemplated hereby, or (b) either individually or in the aggregate could, if adversely determined, reasonably be expected to have a Material Adverse Effect. 

5.07    No Default. 

Neither any Loan Party nor any Subsidiary thereof is in default under or with respect to, or a party to, any Contractual
Obligation that could, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. No Default has occurred and is continuing or would result from the consummation of the transactions contemplated by this
Agreement or any other Loan Document. 
 5.08    Ownership of Property. 

Each Loan Party and each of its Restricted Subsidiaries has good record and marketable title in fee simple to, or valid
leasehold interests in, all real property necessary or used in the ordinary conduct of its business, except for such defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect. 

5.09    Environmental Matters. 

(a)        Except as could not, individually or in the aggregate,
reasonably be expected to result in any Material Adverse Effect on any of the Loan Parties or any of their respective subsidiaries: 

(i)        (A) None of the properties currently or formerly owned,
leased or operated by any Loan Party or any of its Subsidiaries is listed or formally proposed for listing on the NPL or on the CERCLIS, SEMS or any analogous foreign, state or local list or is adjacent to any such property; (B) there are no,
and to the best knowledge of the Loan Parties and their Subsidiaries never have been, any underground or above-ground storage tanks or any surface impoundments, septic tanks, pits, sumps or lagoons in which Hazardous Materials are being or have been
treated, stored or disposed on any property currently owned, leased or operated by any Loan Party or any of its Subsidiaries or, to the 

  
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best of the knowledge of the Loan Parties, on any property formerly owned, leased or operated by any Loan Party or any of its Subsidiaries; (C) there is no and never has been any asbestos or
asbestos-containing material on, at or in any property currently owned, leased or operated by any Loan Party or any of its Subsidiaries; (D) Hazardous Materials have not been Released on, at, under or from any property currently or formerly
owned, leased or operated by any Loan Party or any of its Subsidiaries or any property by or on behalf, or otherwise arising from the operations, of any Loan Party or any of its Subsidiaries; and (E) no Loan Party or any of its Subsidiaries has
become subject to any Environmental Liability or knows of any facts or circumstances that could reasonably be expected to give rise to any Environmental Liability; 

(ii)        (A) Neither any Loan Party nor any of its Subsidiaries is
undertaking, and has not completed, either individually or together with other potentially responsible parties, any investigation or assessment or remedial or response action relating to any actual or threatened Release of Hazardous Materials at,
on, under, or from any site, location or operation, either voluntarily or pursuant to the order of any Governmental Authority or the requirements of any Environmental Law; and (B) all Hazardous Materials generated, used, treated, handled or
stored at, or transported to or from, any property currently or formerly owned, leased or operated by any Loan Party or any of its Subsidiaries have been disposed of by such Loan Party or any of its Subsidiaries in a manner which could not
reasonably expected to result in liability to any Loan Party or any of its Subsidiaries; 

(iii)        The Loan Parties and their respective Subsidiaries:
(A) are, and within the period of all applicable statutes of limitation have been, in compliance with all applicable Environmental Laws; (B) hold all Environmental Permits (each of which is in full force and effect) required for any of
their current or intended operations or for any property owned, leased, or otherwise operated by any of them; (C) are, and within the period of all applicable statutes of limitation have been, in compliance with all of their Environmental
Permits; (D) to the extent within the control of the Loan Parties and their respective Subsidiaries, will timely renew and comply with each of their Environmental Permits and any additional Environmental Permits that may be required of any of
them without material expense, and timely comply with any current, future or potential Environmental Law without material expense; and (E) are not aware of any requirements proposed for adoption or implementation under any Environmental Law.

 5.10    Insurance. 

The properties of the Borrower and its Restricted Subsidiaries are insured with financially sound and reputable insurance
companies not Affiliates of the Borrower, in such amounts, with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where the applicable Loan
Party or the applicable Restricted Subsidiary operates. The general liability, casualty, property, and business interruption insurance coverage of the Loan Parties as in effect on the Closing Date, and as of the last date such Schedule was required
to be updated in accordance with Sections 6.02, 6.12 and 6.13, is outlined as to carrier, policy number, expiration date, type, amount and deductibles on Schedule 5.10 and such insurance coverage complies with the
requirements set forth in this Agreement and the other Loan Documents. 

5.11    Taxes. 

Except as set forth in the audited financials of the Borrower and its Subsidiaries as of and for the fiscal year ended
December 31, 2019 with respect to sales tax obligations, each Loan Party and its Subsidiaries have filed all federal, state, provincial, territorial and other material tax returns and reports 

  
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required to be filed, and have paid all federal income taxes and all other material state, provincial, territorial and other taxes, assessments, fees and other governmental charges levied or
imposed upon them or their properties, income or assets otherwise due and payable, except (a) those which are being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves have been provided in
accordance with GAAP or (b) to the extent that the aggregate unpaid amounts do not exceed $1,000,000. There is no proposed tax assessment against any Loan Party or any Subsidiary that would, if made, have a Material Adverse Effect, nor is there
any tax sharing agreement applicable to the Borrower or any Subsidiary (other than a tax sharing agreement wholly between any of the Loan Parties or any customary Tax indemnifications contained in any credit or other commercial agreement the
principal purpose of which is not Taxes). Each Loan Party has remitted on a timely basis all material amounts required to have been withheld and remitted (including withholdings from employee wages and salaries relating to income tax and employment
insurance), goods and services and harmonized sales tax and all other amounts which, in each case, if not paid or remitted when due would reasonably be expected to result in the creation of a statutory Lien or deemed trust against any material
portion of its property or assets. 
 5.12    Plan Compliance. 

(a)        Each Plan is in compliance in all material respects with
the applicable provisions of ERISA, the Code and other federal or state laws. Each Pension Plan that is intended to be a qualified plan under Section 401(a) of the Code is the subject of a favorable determination, opinion, or advisory letter
from the IRS to the effect that the form of such Plan is qualified under Section 401(a) of the Code and the trust related thereto has been determined by the IRS to be exempt from federal income tax under Section 501(a) of the Code, or an
application for such a letter is currently being processed by the IRS. To the best knowledge of the Loan Parties, nothing has occurred that would reasonably be expected to prevent or cause the disqualification by the IRS of such Plan’s tax-qualified status. 

(b)        There are no pending or, to the best knowledge of the Loan
Parties, threatened (in writing) claims, actions or lawsuits, or action by any Governmental Authority, with respect to any Plan that could reasonably be expected to have a Material Adverse Effect. There has been no prohibited transaction or
violation of the fiduciary responsibility rules with respect to any Plan that has resulted or could reasonably be expected to result in a Material Adverse Effect. 

(c)        (i) No ERISA Event has occurred, and no Loan Party nor any
ERISA Affiliate is aware of any fact, event or circumstance that could reasonably be expected to constitute or result in an ERISA Event with respect to any Pension Plan or Multiemployer Plan that, either individually or in the aggregate, could
reasonably be expected to have a Material Adverse Effect; ; (ii) no Loan Party nor any ERISA Affiliate has incurred any liability to the PBGC other than for the payment of premiums, and there are no premium payments which have become due that are
unpaid; and (iii) no Loan Party nor any ERISA Affiliate has engaged in a transaction that could be subject to Section 4069 or Section 4212(c) of ERISA; in each case, which have collectively resulted or could reasonably be expected to
result in liability of any Loan Party in an aggregate amount in excess of the Threshold Amount. 

(d)        No Loan Party nor any ERISA Affiliate maintains or
contributes to, or has any unsatisfied obligation to contribute to, or liability under, any active or terminated Pension Plan other than (i) on the Closing Date, those listed on Schedule 5.12 hereto and (ii) thereafter, Pension
Plans not otherwise prohibited by this Agreement. 
 (e)        No
Loan Party is or will be using “plan assets” (within the meaning of Section 3(42) of ERISA or otherwise) of one or more Benefit Plans with respect to the Loan Parties’ 

  
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entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments or this Agreement. 

5.13    Margin Regulations; Investment Company Act. 

(a)        Margin Regulations. The Borrower is not engaged and
will not engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U), or extending credit for the purpose of purchasing or carrying margin stock. Following
the application of the proceeds of each Borrowing or drawing under each Letter of Credit, not more than twenty-five percent (25%) of the value of the assets (either of the Borrower only or of the Borrower and its Restricted Subsidiaries on a
Consolidated basis) subject to the provisions of Section 7.01 or Section 7.05 or subject to any restriction contained in any agreement or instrument between the Borrower and any Lender or any
Affiliate of any Lender relating to Indebtedness and within the scope of Section 8.01(e) will be margin stock. 

(b)        Investment Company Act. None of the Borrower, any
Person Controlling the Borrower, or any Restricted Subsidiary is or is required to be registered as an “investment company” under the Investment Company Act of 1940. 

5.14    Disclosure. 

The Borrower has disclosed to the Administrative Agent and the Lenders all agreements, instruments and corporate or other
restrictions to which it or any of its Restricted Subsidiaries or any other Loan Party is subject, and all other matters known to it, that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect. No
report, financial statement, certificate or other information furnished (whether in writing or orally) by or on behalf of any Loan Party to the Administrative Agent or any Lender in connection with the transactions contemplated hereby and the
negotiation of this Agreement or delivered hereunder or under any other Loan Document (in each case as modified or supplemented by other information so furnished) contains any material misstatement of fact or omits to state any material fact
necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided that, with respect to projected financial information, each Loan Party represents only that such information was
prepared in good faith based upon assumptions believed to be reasonable at the time (it being understood that projections are not to be viewed as facts and that the actual results during the period or periods covered by such projections may vary
from such projections and such differences may be significant). 
 5.15    Compliance with
Laws. 
 Each Loan Party and each Restricted Subsidiary thereof is in compliance with the requirements of all
Applicable Laws and all orders, writs, injunctions and decrees applicable to it or to its properties, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith by
appropriate proceedings diligently conducted or (b) the failure to comply therewith, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

5.16    Solvency. 

Each Loan Party is, (i) individually and (ii) together with its Subsidiaries on a Consolidated basis, Solvent. 

5.17    Casualty, Etc. 

Neither the businesses nor the properties of any Loan Party or any of its Restricted Subsidiaries are affected by any fire,
explosion, accident, strike, lockout or other labor dispute, drought, storm, hail, earthquake, embargo, act of God or of the public enemy or other casualty (whether or not covered by 

  
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insurance) that, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 

5.18    Sanctions Concerns and Anti-Corruption Laws. 

(a)        Sanctions Concerns. No Loan Party, nor any
Subsidiary, nor, to the knowledge of the Loan Parties and their Subsidiaries, any director, officer, employee, agent, affiliate or representative thereof, is an individual or entity that is, or is owned or controlled (in each case, directly or
indirectly) by, or is otherwise acting on behalf of, one or more individuals or entities that are (i) currently the subject or target of any Sanctions, (ii) included on OFAC’s List of Specially Designated Nationals or any similar list
enforced by any other relevant sanctions authority or (iii) located, organized or resident in a Designated Jurisdiction. The Borrower and its Subsidiaries have conducted their businesses in compliance in all material respects with all
applicable Sanctions and have instituted and maintained policies and procedures designed to promote and achieve compliance with such Sanctions. 

(b)        
Anti-Corruption Laws. The Loan Parties and their Subsidiaries have conducted their business in compliance in all material respects with the United States Foreign Corrupt Practices Act of 1977, as
amended, and other applicable anti-corruption legislation in other jurisdictions, and have instituted and maintained policies and procedures designed to promote and achieve compliance with such laws. 

5.19    Responsible Officers. 

Set forth on Schedule 1.01(c) are Responsible Officers, holding the offices indicated next to their respective names,
as of the Closing Date and as of the last date such Schedule 1.01(c) was required to be updated in accordance with Sections 6.02, 6.12, 6.13 and 6.20 and such Responsible Officers are the duly elected and qualified
officers of such Loan Party and are duly authorized to execute and deliver, on behalf of the respective Loan Party, this Agreement, the Notes and the other Loan Documents. 

5.20    Subsidiaries; Equity Interests; Loan Parties. 

(a)        Subsidiaries, Joint Ventures, Partnerships and
Equity Investments. Set forth on Schedule 5.20(a), is the following information which is true and complete in all respects as of the Closing Date and as of the last date such Schedule was required to be updated in accordance with
Sections 6.02, 6.12 and 6.13: (i) a complete and accurate list of all Subsidiaries, joint ventures and partnerships and other equity investments of the Loan Parties as of the Closing Date and as of the last date such Schedule
was required to be updated in accordance with Sections 6.02, 6.12, and 6.13 (including identification of each Excluded Subsidiary and under which prong such Subsidiary qualifies as an Excluded Subsidiary), (ii) the number of
shares of each class of Equity Interests in each Subsidiary outstanding, (iii) the number and percentage of outstanding shares of each class of Equity Interests owned by the Loan Parties and their Subsidiaries and (iv) the class or nature
of such Equity Interests (i.e., voting, non-voting, preferred, etc.). The outstanding Equity Interests in all Subsidiaries are validly issued, fully paid and
non-assessable and are owned free and clear of all Liens. There are no outstanding subscriptions, options, warrants, calls, rights or other agreements or commitments (other than stock options granted to
employees or directors and directors’ qualifying shares) of any nature relating to the Equity Interests of any Loan Party or any Subsidiary thereof, except as contemplated in connection with the Loan Documents and under the Organization
Documents and the amended and restated stockholders agreement of Holdings dated as of May 18, 2017 (as amended). 

(b)        Loan Parties. Set forth on Schedule
5.20(b) is a complete and accurate list of all Loan Parties, showing as of the Closing Date, or as of the last date such Schedule was required to 

  
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be updated in accordance with Sections 6.02, 6.12, 6.13 and 6.20, (as to each Loan Party) (i) the exact legal name, (ii) any former legal names of such Loan
Party in the four (4) months prior to the Closing Date, (iii) the jurisdiction of its incorporation or organization, as applicable, (iv) the type of organization, (v) the jurisdictions in which such Loan Party is qualified to do
business, (vi) the address of its chief executive office, (vii) the address of its principal place of business, (viii) its U.S. federal taxpayer identification number, (ix) the organization identification number,
(x) ownership information (e.g., publicly held or if private or partnership, the owners and partners of each of the Loan Parties) and (xi) the industry or nature of business of such Loan Party. 

5.21    Collateral Representations. 

(a)        Collateral Documents. The provisions of the
Collateral Documents are effective to create in favor of the Administrative Agent for the benefit of the Secured Parties a legal, valid and enforceable first priority Lien (subject to Permitted Liens) on all right, title and interest of the
respective Loan Parties in the Collateral described therein. Except for filings completed prior to the Closing Date and as contemplated hereby and by the Collateral Documents, no filing or other action will be necessary to perfect or protect such
Liens. 
 (b)        Intellectual Property. Set forth
on Schedule 5.21(b), as of the Closing Date and as of the last date such Schedule was required to be updated in accordance with Sections 6.02, 6.12 and 6.13, is a list of all registered or issued Intellectual Property
(including all applications for registration and issuance) owned by each of the Loan Parties or that each of the Loan Parties has the right to (including the name/title, current owner, registration or application number, and registration or
application date and such other information as reasonably requested by the Administrative Agent) and, upon reasonable request of the Administrative Agent, the Borrower shall provide a true and complete description of (A) each internet domain
name registered to such Loan Party or in which such Loan Party has ownership, operating or registration rights, (B) the name and address of the registrar for such internet domain name, (C) the registration identification information for
such internet domain name, (D) the name of each internet website operated (whether individually or jointly with others) by such Loan Party, (E) the name and address of each internet service provider through whom each such website is
operated, (F) the name and address of each operator of each other internet site, internet search engine, internet directory or Web browser with whom such Loan Party maintains any advertising or linking relationship which is material to the
operation of or flow of internet traffic to such Loan Party’s website and (G) each technology licensing and other agreement that is material to the operation of such Loan Party’s website or to the advertising and linking relationship
described in (H), and the name and address of each other party to such agreement. 

(c)        Documents, Instrument, and Tangible Chattel
Paper. Set forth on Schedule 5.21(c), as of the Closing Date and as of the last date such Schedule 5.21(c) was required to be updated in accordance with Sections 6.02, 6.12 and 6.13, is a description of all
Documents, Instruments, and Tangible Chattel Paper (each as defined in the UCC) of the Loan Parties (including the Loan Party owning such Document, Instrument and Tangible Chattel Paper and such other information as reasonably requested by the
Administrative Agent) in excess of $500,000. 

(d)        Deposit Accounts, Electronic Chattel Paper, Letter-of-Credit Rights, and Securities Accounts. 

(i)        Set forth on Schedule 5.21(d)(i), as of the Closing
Date and as of the last date such Schedule 5.21(d)(i) was required to be updated in accordance with Sections 6.02 and 6.13, is a description of all deposit accounts and securities accounts of the Loan Parties, including the name
of (A) the applicable Loan Party, (B) in the case of a deposit account, 

  
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the depository institution and average amount held in such deposit account and whether such account is a zero balance account or a payroll account, and (C) in the case of a securities
account, the securities intermediary or issuer and the average aggregate market value held in such securities account, as applicable. 

(ii)        Set forth on Schedule 5.21(d)(ii), as of the
Closing Date and as of the last date such Schedule 5.21(d)(ii) was required to be updated in accordance with Sections 6.02, 6.12 and 6.13, is a description of all Electronic Chattel Paper (as defined in the UCC) and Letter-of-Credit Rights (as defined in the UCC) of the Loan Parties, including the name of (A) the applicable Loan Party, (B) in the case of Electronic Chattel Paper
(as defined in the UCC), the account debtor and (C) in the case of Letter-of-Credit Rights (as defined in the UCC), the issuer or nominated person, as applicable.

 (e)        Commercial Tort Claims. Set forth on
Schedule 5.21(e), as of the Closing Date and as of the last date such Schedule 5.21(e) was required to be updated in accordance with Sections 6.02, 6.12 and 6.13, is a description of all Commercial Tort Claims (as
defined in the UCC) of the Loan Parties in excess of $500,000 (detailing such Commercial Tort Claim in such detail as reasonably requested by the Administrative Agent). 

(f)        Pledged Equity Interests. Set forth on
Schedule 5.21(f), as of the Closing Date and as of the last date such Schedule 5.21(f) was required to be updated in accordance with Sections 6.02, 6.12 and 6.13, is a list of (i) all Pledged Equity and
(ii) all other Equity Interests required to be pledged to the Administrative Agent pursuant to the Collateral Documents (in each case, detailing the Grantor (as defined in the Collateral Documents), the Person whose Equity Interests are
pledged, the number of shares of each class of Equity Interests, the certificate number and percentage ownership of outstanding shares of each class of Equity Interests and the class or nature of such Equity Interests (i.e., voting, non-voting, preferred, etc.)). 

(g)        Properties. Set forth on Schedule
5.21(g)(i), as of the Closing Date and as of the last date such Schedule 5.21(g)(i) was required to be updated in accordance with Sections 6.02, 6.12 and 6.13, is a list of all Mortgaged Properties (including
(i) the name of the Loan Party owning such Mortgaged Property, (ii) the number of buildings located on such Mortgaged Property, (iii) the property address, (iv) the city, county, state and zip code which such Mortgaged Property
is located). Set forth on Schedule 5.21(g)(ii), as of the Closing Date and as of the last date such Schedule 5.21(g)(ii) was required to be updated in accordance with Sections 6.02, 6.12 and
6.13, is a list of (A) each headquarter location of the Loan Parties, (B) each other location where any significant administrative or governmental functions are performed, (C) each other location where the Loan Parties maintain
any books or records (electronic or otherwise) and (D) each location where any personal property Collateral is located at any premises owned or leased by a Loan Party with a Collateral value in excess of $15,000,000 (in each case, including
(1) an indication if such location is leased or owned, (2), if leased, the name of the lessor, and if owned, the name of the Loan Party owning such property, (3) the address of such property (including, the city, county, state and zip
code) and (4) to the extent owned, the approximate fair market value of such property). 

5.22    EEA Financial Institutions. 

No Loan Party is an Affected Financial Institution. 

5.23    Beneficial Ownership Certification. 

As of the Closing Date, the information included in the Beneficial Ownership Certification, if applicable, is true and correct
in all respects. 

  
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 5.24    Regulation H. 

No Mortgaged Property is a Flood Hazard Property unless the Administrative Agent shall have received the following:
(a) the applicable Loan Party’s written acknowledgment of receipt of written notification from the Administrative Agent (i) as to the fact that such Mortgaged Property is a Flood Hazard Property, (ii) as to whether the community
in which each such Flood Hazard Property is located is participating in the National Flood Insurance Program and (iii) such other flood hazard determination forms, notices and confirmations thereof as requested by the Administrative Agent and
(b) copies of insurance policies or certificates of insurance of the applicable Loan Party evidencing flood insurance reasonably satisfactory to the Administrative Agent and naming the Administrative Agent as loss payee on behalf of the Secured
Parties and otherwise sufficient to comply with all applicable rules and regulations promulgated pursuant to the Flood Insurance Laws. All flood hazard insurance policies required hereunder have been obtained and remain in full force and effect, and
the premiums thereon have been paid in full. 
 5.25    Intellectual
Property; Licenses, Etc. 
 Each Loan Party and each of its Restricted Subsidiaries own, or possess the right to
use, all of the trademarks, service marks, trade names, domain names, copyrights, patents, patent rights, trade secrets, know-how, franchises, licenses, software and other intellectual property rights that are
used in the operation of their respective businesses, and to the best knowledge of the Borrower and its Subsidiaries, without conflict with the rights of any other Person. To the best knowledge of the Borrower, neither the operation of the business,
nor any product, service, process, method, substance, part or other material now used, or now contemplated to be used, by any Loan Party or any of its Restricted Subsidiaries infringes, misappropriates or otherwise violates upon any rights held by
any other Person. No claim or litigation regarding any of the foregoing is pending or, to the best knowledge of the Borrower, threatened, which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.
There has been no unauthorized use, access, interruption, modification, corruption or malfunction of any information technology assets or systems (or any information or transactions stored or contained therein or transmitted thereby) owned or used
by the any Loan Party or any of its Restricted Subsidiaries, which, either individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect. 

5.26    Labor Matters. 

Except as could not reasonably be expected to have a Material Adverse Effect, (i) there are no grievances, disputes or
controversies with any union or other organization of the Borrower’s or any Restricted Subsidiary’s employees, (ii) neither the Borrower nor any Restricted Subsidiary has suffered any strikes, walkouts, work stoppages or other labor
difficulty within the last five (5) years preceding the Closing Date, and (iii) there are no liabilities with respect to any collective bargaining agreements covering the employees of the Borrower or any of its Restricted Subsidiaries.

 5.27    Privacy and Data Security. 

Except as could not reasonably be expected to have a Material Adverse Effect, each Loan Party and each of its Restricted
Subsidiaries, (i) has suffered no incident negatively affecting the confidentiality, integrity, or availability of its information technology systems, software, applications, or the data thereon, (ii) has implemented and maintain
commercially reasonable security regarding the confidentiality, integrity, and availability of its information technology systems, software, applications and the data in its possession, custody, or control and (iii) is, and has been, in
compliance with all contractual obligations and its own policies relating to privacy and cybersecurity. 

  
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 ARTICLE VI 

AFFIRMATIVE COVENANTS 

Each of the Loan Parties hereby covenants and agrees that on the Closing Date and thereafter until the Facility Termination
Date, such Loan Party shall, and shall cause each of its Restricted Subsidiaries (or with respect to Sections 6.04, 6.08, 6.14, 6.15, and 6.17, each of its Subsidiaries) to: 

6.01    Financial Statements. 

Deliver to the Administrative Agent and each Lender, in form and detail reasonably satisfactory to the Administrative Agent:

 (a)        Audited Financial Statements. As soon as
available, but in any event within one hundred and twenty (120) days after the end of each fiscal year of the Borrower, a Consolidated and, to the extent that one or more Unrestricted Subsidiaries exist on the last day of the then applicable
reporting period, consolidating balance sheet of the Borrower and its Subsidiaries as at the end of such fiscal year, and (i) the related Consolidated statements of income or operations, changes in Shareholders’ Equity and cash flows for
such fiscal year, and (ii) to the extent that one or more Unrestricted Subsidiaries exist on the last day of the then applicable reporting period, consolidating statements of income or operations and cash flows, in each case for such fiscal
year, setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail and prepared in accordance with GAAP, (A) such Consolidated statements to be audited and accompanied by a report and opinion
of Deloitte or another independent certified public accountant of nationally recognized standing reasonably acceptable to the Administrative Agent, which report and opinion shall be prepared in accordance with generally accepted auditing standards
and shall not be subject to any “going concern” or like qualification or exception or any qualification or exception as to the scope of such audit (other than any such qualification or exception that is expressly solely with respect to, or
expressly solely resulting from, an upcoming maturity date of the Loans or the Commitments that is scheduled to occur within one year from the time such report and opinion are delivered), and (B) such consolidating statements to be certified by
the chief executive officer, chief financial officer, treasurer or controller that is a Responsible Officer of the Borrower to the effect that such statements are fairly stated in all material respects when considered in relation to the Consolidated
financial statements of the Borrower and its Subsidiaries. 

(b)        Unaudited Quarterly Financial Statements. As soon as
available, but in any event within thirty (30) days after the end of each of the first three (3) fiscal quarters of each fiscal year of the Borrower, a Consolidated and, to the extent any Unrestricted Subsidiary was in existence at any
time during such fiscal quarter, consolidating balance sheet of the Borrower and its Subsidiaries as at the end of such fiscal quarter, and (i) the related Consolidated statements of income or operations, changes in Shareholders’ Equity
and cash flows for such fiscal quarter and for the portion of the Borrower’s fiscal year then ended and, (ii) to the extent any Unrestricted Subsidiary was in existence at any time during such fiscal quarter, consolidating statements of
income or operations, and cash flows for such fiscal quarter and for the portion of the Borrower’s fiscal year then ended, setting forth in each case in comparative form the figures for the corresponding fiscal quarter of the previous fiscal
year and the corresponding portion of the previous fiscal year, all in reasonable detail and prepared in accordance with GAAP, such Consolidated statements to be certified by the chief executive officer, chief financial officer, treasurer or
controller who is a Responsible Officer of the Borrower as fairly presenting in all material respects the financial condition, results of operations, Shareholders’ Equity and cash flows of the Borrower and its Subsidiaries, subject only to
normal year-end audit adjustments and the absence of footnotes and 

  
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such consolidating statements to be certified by the chief executive officer, chief financial officer, treasurer or controller that is a Responsible Officer of the Borrower to the effect that
such statements are fairly stated in all material respects when considered in relation to the Consolidated financial statements of the Borrower and its Subsidiaries. 

(c)        Budget. As soon as available, but in any event
within sixty (60) days after the end of each fiscal year of the Borrower, an annual budget of the Borrower and its Restricted Subsidiaries on a Consolidated basis, including forecasts prepared by management of the Borrower, in form reasonably
satisfactory to the Administrative Agent (it being understood that the form of business plan and budget of the Borrower and its Restricted Subsidiaries provided by the Borrower prior to the Closing Date is reasonably satisfactory to the
Administrative Agent), of Consolidated balance sheets and statements of income or operations and cash flows of the Borrower and its Restricted Subsidiaries on quarterly basis for the immediately following fiscal year. 

(d)        Unrestricted Subsidiaries. To the extent that
one or more Unrestricted Subsidiaries exist on the last day of the then applicable reporting period, simultaneously with the delivery of each set of Consolidated financial statements referred to in Sections 6.01(a) and
(b) above, the related consolidating financial statements reflecting the adjustments necessary to eliminate the accounts of Unrestricted Subsidiaries (if any) from such consolidated financial statements. 

As to any information contained in materials furnished pursuant to Section 6.02(g), the Borrower shall not be
separately required to furnish such information under Section 6.01(a) or (b) above, but the foregoing shall not be in derogation of the obligation of the Borrower to furnish the information and
materials described in Sections 6.01(a) and (b) above at the times specified therein. 

6.02    Certificates; Other Information. 

Deliver to the Administrative Agent and each Lender, in form and detail reasonably satisfactory to the Administrative Agent:

 (a)        [Reserved]. 

(b)        Compliance Certificate. Concurrently with the
delivery of the financial statements referred to in Sections 6.01(a) and (b), a duly completed Compliance Certificate signed by the chief executive officer, chief financial officer, treasurer or controller which is a Responsible
Officer of the Borrower. Delivery of the Compliance Certificate may be by electronic communication including email and shall be deemed to be an original and authentic counterpart thereof for all purposes. 

(c)        Updated Schedules. Concurrently with the
delivery of the Compliance Certificate referred to in Section 6.02(b), the following updated Schedules to this Agreement (which may be attached to the Compliance Certificate) to the extent required to make the
representation related to such Schedule true and correct in all material respects as of the date of such Compliance Certificate: Schedules 1.01(c), 5.10, 5.20(a), 5.20(b), 5.21(b), 5.21(c),
5.21(d)(i), 5.21(d)(ii), 5.21(e), 5.21(f), 5.21(g)(i), and
 5.21(g)(ii).

(d)        [Reserved]. 

(e)        Changes in Entity Structure. Within five
(5) days prior to any merger, amalgamation, consolidation, dissolution or other change in entity structure of any Loan Party or any of its Restricted Subsidiaries permitted pursuant to the terms hereof, provide notice of such change in entity
structure to the Administrative Agent, along with such other information as reasonably requested by the Administrative Agent. 

  
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 (f)        Audit
Reports; Management Letters; Recommendations. Promptly after any request by the Administrative Agent or any Lender, copies of any detailed audit reports, management letters or recommendations submitted to the board of directors (or the audit
committee of the board of directors) of any Loan Party by independent accountants in connection with the accounts or books of any Loan Party or any of its Restricted Subsidiaries, or any audit of any of them. 

(g)        Annual Reports; Etc. Promptly after the same are
available, copies of each annual report, proxy or financial statement or other report or communication sent to the stockholders of the Borrower, and copies of all annual, regular, periodic and special reports and registration statements which the
Borrower may file or be required to file with the SEC under Section 13 or 15(d) of the Securities Exchange Act of 1934, or with any national securities exchange, and in any case not otherwise required to be delivered to the Administrative Agent
pursuant hereto. 
 (h)        Debt Securities Statements
and Reports. Promptly after the furnishing thereof, copies of any material statement or report furnished to any holder of debt securities of any Loan Party or of any of its Restricted Subsidiaries outstanding in a principal amount in excess of
the Threshold Amount pursuant to the terms of any indenture, loan or credit or similar agreement and not otherwise required to be furnished to the Lenders pursuant to Section 6.01 or any other clause of this
Section 6.02. 
 (i)        SEC
Notices. Promptly, and in any event within ten (10) Business Days after receipt thereof by any Loan Party or any Restricted Subsidiary thereof, copies of each notice or other correspondence received from the SEC (or comparable agency in any
applicable non-U.S. jurisdiction) concerning any investigation or possible investigation or other inquiry by such agency regarding financial or other operational results of any Loan Party or any Restricted
Subsidiary thereof. 
 (j)        Notices. Promptly
after receipt thereof by any Loan Party or any Restricted Subsidiary thereof, copies of all material notices, requests and other documents (including amendments, waivers and other modifications) so received under or pursuant to any instrument,
indenture, loan or credit or similar agreement evidencing Indebtedness outstanding in a principal amount in excess of the Threshold Amount regarding or related to any breach or default by any party thereto or any other event that could materially
impair the value of the interests or the rights of any Loan Party or otherwise have a Material Adverse Effect, and, from time to time upon request by the Administrative Agent, such information and reports regarding such instruments, indentures and
loan and credit and similar agreements as the Administrative Agent may reasonably request. 

(k)        Environmental Notice. Promptly after any Loan
Party or any Restricted Subsidiary becomes aware of the assertion or occurrence thereof, notice of any action or proceeding against or of any noncompliance by any Loan Party or any of its Subsidiaries with any Environmental Law or Environmental
Permit that would reasonably be expected to have a Material Adverse Effect. 

(l)        
Anti-Money-Laundering; Beneficial Ownership Regulation. Promptly following any request therefor, information and documentation reasonably requested by the Administrative Agent or any Lender for
purposes of compliance with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the PATRIOT Act and the Beneficial Ownership Regulation. 

(m)        Beneficial Ownership. To the extent any Loan Party
qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, an updated Beneficial Ownership Certification promptly following any change in the information provided in the Beneficial

  
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Ownership Certification delivered to any Lender in relation to such Loan Party that would result in a change to the list of beneficial owners identified in such certification. 

(n)        Additional Information. Promptly, such additional
information regarding the business, financial, legal or corporate affairs of any Loan Party or any Restricted Subsidiary thereof, or compliance with the terms of the Loan Documents, as the Administrative Agent or any Lender may from time to time
reasonably request. 
 Documents required to be delivered pursuant to Section 6.01(a) or (b) or
Section 6.02(g) (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date
(i) on which the Borrower posts such documents, or provides a link thereto on the Borrower’s website on the Internet at the website address listed on Schedule 1.01(a); or (ii) on which such documents are posted on the
Borrower’s behalf on an Internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent (including on EDGAR at
www.sec.gov (or another successor government website that is freely and readily available)). The Administrative Agent shall have no obligation to request the delivery of or to maintain paper copies of the documents referred to above, and in any
event shall have no responsibility to monitor compliance by the Borrower with any such request by a Lender for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents. 

The Borrower hereby acknowledges that the Administrative Agent and/or an Affiliate thereof may, but shall not be obligated to, make available
to the Lenders and the L/C Issuers materials and/or information provided by or on behalf of the Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on IntraLinks, Syndtrak, ClearPar or a
substantially similar electronic transmission system (the “Platform”). 

6.03    Notices. 

Promptly, but in any event within three (3) Business Days, notify the Administrative Agent and each Lender: 

(a)        of the occurrence of any Default; 

(b)        of any matter that has resulted or could reasonably be
expected to result in a Material Adverse Effect; 
 (c)        of
the occurrence of any ERISA Event which has collectively resulted or could reasonably be expected to result in liability of any Loan Party in an aggregate amount in excess of the Threshold Amount; 

(d)        of any material change in accounting policies or financial
reporting practices by any Loan Party or any Subsidiary thereof, including any determination by the Borrower referred to in Section 2.10(b); and 

(e)        of any (i) occurrence of any Disposition or
Involuntary Disposition of property or assets for which the Borrower is required to make a mandatory prepayment pursuant to Section 2.05(b)(i), and (ii) Debt Issuance for which the Borrower
is required to make a mandatory prepayment pursuant to Section 2.05(b)(ii). 

Each notice pursuant to this Section 6.03 shall be accompanied by a statement of a Responsible
Officer of the Borrower setting forth details of the occurrence referred to therein and to the extent applicable, stating what action the Borrower has taken and proposes to take with respect thereto. Each

  
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notice pursuant to Section 6.03(a) shall describe with particularity any and all provisions of this Agreement and any other Loan Document that have been breached. 

6.04    Payment of Obligations. 

Pay and discharge as the same shall become due and payable (a) all federal income taxes and all other material state,
provincial, territorial and other tax liabilities, assessments and governmental charges or levies upon it or its properties or assets, unless the same are being contested in good faith by appropriate proceedings diligently conducted and adequate
reserves in accordance with GAAP are being maintained by the Borrower or such Subsidiary; and (b) all lawful claims which, if unpaid, would by law become a Lien upon a part of its property, in each case, except to the extent the failure to do
so could not reasonably be expected to cause a Material Adverse Effect; provided that such payment and discharge shall not be required with respect to any sales tax liability, the validity or amount of which remains uncertain and with respect
to which no Governmental Authority has taken, or threatened in writing to take, any enforcement action and adequate reserves in accordance with GAAP are being maintained by the Borrower or such Subsidiary, or as to which the Borrower and its
Subsidiaries shall have received notice from the applicable Governmental Authority that the Borrower and its Subsidiaries are not liable for any payment obligation with respect to such potential liability. 

6.05    Preservation of Existence, Etc. 

(a)        Preserve, renew and maintain in full force and effect its
legal existence and good standing (if such concept is applicable in its jurisdiction of organization) under the Laws of the jurisdiction of its organization except in a transaction permitted by Section 7.04 or 7.05;

 (b)        take all reasonable action to maintain all rights,
privileges, permits, licenses and franchises necessary or desirable in the normal conduct of its business, except to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect; and 

(c)        preserve or renew all of its registered patents,
trademarks, trade names and service marks, the non-preservation of which would reasonably be expected to have a Material Adverse Effect. 

6.06    Maintenance of Properties. 

(a)        Maintain, preserve and protect all of its material
properties and equipment necessary in the operation of its business in good working order and condition, ordinary wear and tear excepted; and 

(b)        make all necessary repairs thereto and renewals and
replacements thereof except where the failure to do so could not reasonably be expected to have a Material Adverse Effect. 

6.07    Maintenance of Insurance. 

(a)        Maintenance of Insurance. Maintain with financially
sound and reputable insurance companies not Affiliates of the Borrower, insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such
types and in such amounts as are customarily carried under similar circumstances by such other Persons and all such insurance shall (i) provide for not less than thirty (30) days’ prior notice (or ten (10) day’s prior notice
in the case of cancellation due to the nonpayment of premiums) to the Administrative Agent of termination, lapse or cancellation of such insurance, and (ii) with respect to any liability or property insurance, name the Administrative Agent as
mortgagee (in the case of property insurance) or additional insured on behalf of the 

  
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Secured Parties (in the case of liability insurance) or loss payee (in the case of property insurance), as applicable. 

(b)        Flood Insurance. With respect to each Flood Hazard
Property with respect to which flood insurance has been made available under the Flood Program, then the Borrower shall, or shall cause each Loan Party to (i) maintain, or cause to be maintained, with a financially sound and reputable insurer,
flood insurance in an amount and otherwise sufficient to comply with all applicable rules and regulations promulgated pursuant to the Flood Insurance Laws and (ii) deliver to the Administrative Agent evidence of such compliance in form and
substance reasonably acceptable to the Administrative Agent. The Borrower shall promptly notify the Administrative Agent of any Mortgaged Property that is, or becomes, a Flood Hazard Property. 

(c)        Evidence of Insurance. Cause the Administrative
Agent to be named as lenders’ loss payable, loss payee or mortgagee, as its interest may appear, and/or additional insured with respect of any such insurance providing liability coverage or coverage in respect of any Collateral, and cause,
unless otherwise agreed to by the Administrative Agent, each provider of any such insurance to agree, by endorsement upon the policy or policies issued by it or by independent instruments furnished to the Administrative Agent that it will give the
Administrative Agent thirty (30) days prior written notice before any such policy or policies shall be altered or cancelled (or ten (10) days prior notice in the case of cancellation due to the nonpayment of premiums). 

6.08    Compliance with Laws. 

Comply with the requirements of all Applicable Laws and all orders, writs, injunctions and decrees applicable to it or to its
business or property, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted; or (b) the failure to comply
therewith could not reasonably be expected to have a Material Adverse Effect. 

6.09    Books and Records. 

(a)        Maintain proper books of record and account, in which full,
true and correct entries in conformity with GAAP in all material respects consistently applied and all requirements of Law shall be made of all financial transactions and matters involving the assets and business of such Loan Party or such
Restricted Subsidiary, as the case may be; and 

(b)        maintain such books of record and account in material
conformity with all applicable requirements of any Governmental Authority having regulatory jurisdiction over such Loan Party or such Restricted Subsidiary, as the case may be. 

6.10    Inspection Rights. 

Permit representatives and independent contractors of the Administrative Agent to visit and inspect any of its properties, to
examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom (other than any information which is subject to attorney client privilege prior to the date of such request, any confidentiality provisions with
third parties that are not Affiliates of the Loan Parties prohibiting the disclosure thereof or Applicable Law prohibiting such disclosure; provided, that with respect to such information, upon the request of the Administrative Agent, the
relevant Loan Parties will exercise reasonable efforts to seek any consents required to disclose such information), and to discuss its affairs, finances and accounts with its directors, officers, and independent public accountants, all at the
expense of the Borrower and at such reasonable times during normal business hours, upon reasonable advance notice to the Borrower, provided that in the absence of an Event of Default, only one (1) such visit per fiscal year shall be permitted
and such visit shall be at the Borrower’s expense; provided, however, that when an Event 

  
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of Default exists the Administrative Agent or any Lender (or any of their respective representatives or independent contractors) may do any of the foregoing at the expense of the Borrower at any
time during normal business hours and without advance notice. 
 6.11    Use of Proceeds.

 Use the proceeds of the Credit Extensions for Permitted Acquisitions, to repay the Existing Credit Agreements and any
other permitted Indebtedness and for general corporate purposes, in each case, not in contravention of any Law or of any Loan Document. 

6.12    Covenant to Guarantee Obligations. 

The Loan Parties will cause each of their wholly-owned Domestic Subsidiaries (other than Excluded Subsidiaries) whether newly
formed, after acquired or otherwise existing to promptly (and in any event within thirty (30) days after such Subsidiary is formed or acquired or ceases to be an Excluded Subsidiary (or such longer period of time as agreed to by the
Administrative Agent in its reasonable discretion)) to become a Guarantor hereunder by way of execution of a Joinder Agreement. In connection with the foregoing, the Loan Parties shall deliver to the Administrative Agent, with respect to each new
Guarantor to the extent applicable, substantially the same documentation required pursuant to Sections 4.01(b) – (e) and 6.13 and such other documents or agreements as the Administrative Agent may reasonably request,
including without limitation, updated Schedules 1.01(c), 5.10, 5.12, 5.20(a), 5.20(b), 5.21(b), 5.21(c), 5.21(d)(i), 5.21(d)(ii), 5.21(e), 5.21(f), 5.21(g)(i), and
5.21(g)(ii). 
 6.13    Covenant to Give Security. 

Except with respect to Excluded Property: 

(a)        Equity Interests and Personal Property. Each
Loan Party will cause the Pledged Equity and all of its tangible and intangible personal property, in each case other than Excluded Property now owned or hereafter acquired by it to be subject at all times to a first priority, perfected Lien
(subject to Permitted Liens to the extent permitted by the Loan Documents) in favor of the Administrative Agent for the benefit of the Secured Parties to secure the Secured Obligations pursuant to the terms and conditions of the Collateral
Documents. Each Loan Party shall provide opinions of counsel and any filings and deliveries reasonably necessary in connection therewith to perfect the security interests therein to the extent required by the Collateral Documents, all in form and
substance reasonably satisfactory to the Administrative Agent. 

(b)        Real Property. If any Loan Party intends to
acquire a fee ownership interest in any Material Real Property after the Closing Date, or if a newly formed or after acquired wholly-owned Domestic Subsidiary (other than Excluded Subsidiaries) owns in fee a Material Real Property, the applicable
Loan Party or Domestic Subsidiary shall provide to the Administrative Agent promptly (and in any event, within sixty (60) days (or such extended period of time as agreed to by the Administrative Agent)) a Mortgage and such Mortgaged Property
Support Documents as the Administrative Agent may request to cause such Material Real Property to be subject at all times to a first priority, perfected Lien (subject in each case to Permitted Liens) in favor of the Administrative Agent for the
benefit of the Secured Parties to secure the Secured Obligations pursuant to the terms and conditions of the Loan Documents. 

(c)        Account Control Agreements. Subject to
Section 6.20(a), each of the Loan Parties shall not open, maintain or otherwise have any deposit or other accounts (including securities accounts) at any bank or other financial institution, or any other account where money
or securities are or may be deposited or maintained with any Person, other than (i) deposit accounts that are maintained at all times with depositary institutions as to which the Administrative Agent shall

  
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receive a Qualifying Control Agreement within 60 days after the Closing Date or effectiveness of the relevant account, (ii) securities accounts that are maintained at all times with
financial institutions as to which the Administrative Agent shall receive a Qualifying Control Agreement within 60 days after the Closing Date or effectiveness of the relevant account, (iii) deposit accounts established solely for funding
payroll and other compensation and benefits to employees and other zero balance accounts and (iv) other deposit accounts, so long as at any time the balance in any such account does not exceed $500,000 for any period of five consecutive
Business Days and the aggregate balance in all such accounts does not exceed $4,000,000. 

(d)        Updated Schedules. Concurrently with the
delivery of any Collateral pursuant to the terms of this Section 6.13, the Borrower shall provide the Administrative Agent with the applicable updated Schedule(s): 5.20(a), 5.21(b), 5.21(c),
5.21(d)(i), 5.21(d)(ii), 5.21(e), 5.21(f), 5.21(g)(i), and 5.21(g)(ii). 

(e)        Further Assurances. At any time upon
reasonable request of the Administrative Agent, promptly execute and deliver any and all further instruments and documents and take all such other action (including promptly completing any registration or stamping of documents as may be applicable)
as the Administrative Agent may reasonably deem necessary or desirable to maintain in favor of the Administrative Agent, for the benefit of the Secured Parties, Liens and insurance rights on the Collateral that are duly perfected in accordance with
the requirements of, or the obligations of the Loan Parties under, the Loan Documents and all Applicable Laws. 

6.14    Compliance with Environmental Laws. 

Comply, and cause all lessees and other Persons operating or occupying its properties to comply, in all material respects,
with all applicable Environmental Laws and Environmental Permits; obtain and renew all Environmental Permits necessary for its operations and properties; and conduct any investigation, study, sampling and testing, cleanup, removal, remedial or other
action necessary to remove and clean up all Hazardous Materials from any of its properties, in accordance with all Environmental Laws; provided, however, that neither the Borrower nor any of its Subsidiaries shall be required to
undertake any such cleanup, removal, remedial or other action to the extent that (a) its obligation to do so is being contested in good faith and by proper proceedings and appropriate reserves are being maintained with respect to such
circumstances in accordance with GAAP consistently applied or (b) the failure to do so could not reasonably be expected to have a Material Adverse Effect. 

6.15    Anti-Corruption Laws;
Sanctions. 
 Conduct its business in all material respects in compliance with the United States Foreign Corrupt
Practices Act of 1977, as amended and other applicable anti-corruption legislation in other jurisdictions and with all applicable Sanctions, and maintain policies and procedures designed to promote and ensure compliance with such laws and Sanctions.

 6.16    Approvals and Authorizations. 

Maintain all authorizations, consents, approvals and licenses from, exemptions of, and filings and registrations with, each
Governmental Authority of the jurisdiction in which each Loan Party is organized and existing, and all approvals and consents of each other Person in such jurisdiction, in each case that are required in connection with the Loan Documents, in each
case where the failure to do so could not reasonably be expected to have a Material Adverse Effect. 

  
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 6.17    [Reserved].

 6.18    [Reserved]. 

6.19    Further Assurances. 

Promptly upon reasonable request by the Administrative Agent, or any Lender through the Administrative Agent, (a) correct
any material defect or error that may be discovered in any Loan Document or in the execution, acknowledgment, filing or recordation thereof, and (b) do, execute, acknowledge, deliver, record, re-record,
file, re-file, register and re-register any and all such further acts, deeds, certificates, assurances and other instruments (including promptly completing any
registration or stamping of documents as may be applicable) as the Administrative Agent, or any Lender through the Administrative Agent, may reasonably require from time to time in order to (i) carry out more effectively the purposes of the
Loan Documents, (ii) to the fullest extent permitted by Applicable Law, subject any Loan Party’s or any of its Restricted Subsidiaries’ properties, assets, rights or interests to the Liens now or hereafter intended to be covered by
any of the Collateral Documents, (iii) perfect and maintain the validity, effectiveness and priority of any of the Collateral Documents and any of the Liens intended to be created thereunder and (iv) assure, convey, grant, assign,
transfer, preserve, protect and confirm more effectively unto the Secured Parties the rights granted or now or hereafter intended to be granted to the Secured Parties under any Loan Document or under any other instrument executed in connection with
any Loan Document to which any Loan Party or any of its Restricted Subsidiaries is or is to be a party, and cause each of its Restricted Subsidiaries to do so. 

6.20    Post-Closing Matters. 

Complete each of the following post-closing obligations and/or provide to Administrative Agent each of the documents,
instruments, agreements and information listed below on or before the date set forth for each such item (or such later date as determined by Administrative Agent in its sole discretion), each of which shall be completed or provided in form and
substance reasonably satisfactory to Administrative Agent: 

(a)        Qualifying Control Agreements. Within sixty
(60) days of the Closing Date, Qualifying Control Agreements satisfactory to the Administrative Agent to the extent required to be delivered pursuant to Section 6.13. 

(b)        Tax Liens. Within ninety (90) days of the
Closing Date, the Borrower shall deliver to the Administrative Agent original or a certified copies of receipts issued by the applicable Governmental Authority evidencing the full payment of overdue Taxes and release of the corresponding Liens with
respect to each of Caridan Marketing Labs, Inc. and CT Holding Corporation, the aggregate amount of such overdue Taxes not being in excess of $10,000. 

(c)        Insurance Endorsements. Within ten
(10) Business Days of the Closing Date, the Borrower shall deliver to the Administrative Agent endorsements to insurance certificates naming the Administrative Agent, for the benefit of the Secured Parties, as additional insured, loss payee
and/or lender’s loss payable, as applicable, and, to the extent available, providing for at least 30 days’ prior written notice to the Administrative Agent of any materially adverse modification or cancellation of such policy (or 10
days’ prior written notice in the case of the failure to pay any premium thereunder), in respect of insurance required to be maintained pursuant to Section 6.07 hereof. 

6.21    Designation of Unrestricted Subsidiaries. 

At any time following the Closing Date, the Borrower may at any time designate any Restricted Subsidiary of a Borrower as an
Unrestricted Subsidiary or any Unrestricted Subsidiary as a Restricted 

  
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Subsidiary; provided, that (i) immediately before and after such designation, no Default or Event of Default shall have occurred and be continuing or would result therefrom,
(ii) immediately after giving effect to such designation, the Loan Parties shall be in compliance on a pro forma basis with the covenants set forth in Section 7.11, recomputed for the most recent fiscal quarter for which financial
statements are required to have been delivered (or are required to have been delivered), (iii) the Borrower shall deliver to Administrative Agent at least three (3) Business Days prior to such designation a certificate of a Responsible Officer
of the Borrower, together with all relevant financial information reasonably requested by Administrative Agent, demonstrating compliance with the foregoing clauses (i) and (ii) of this Section 6.21 and, if applicable, certifying that such
Subsidiary meets the requirements of an “Unrestricted Subsidiary”, (iv) at least ten (10) days prior to the designation of any Unrestricted Subsidiary as a Restricted Subsidiary, the Lenders shall have received all documentation and
other information required by bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including the Act, with respect to such Subsidiary and (v) no Restricted Subsidiary may
be designated as (or continue as) an Unrestricted Subsidiary if such Subsidiary owns, or has an exclusive license in, any Material Intellectual Property. The designation of any Subsidiary as an Unrestricted Subsidiary shall constitute an Investment
by the Loan Parties therein at the date of designation in an amount equal to the fair market value of the applicable Loan Parties’ Investment in such Subsidiary; provided, that, upon a designation of such Unrestricted Subsidiary as a Restricted
Subsidiary, the Loan Parties shall be deemed to continue to have a permanent Investment in an Unrestricted Subsidiary in an amount (if positive) equal to (x) the lesser of (A) the fair market value of the Investments of the Loan Parties
and their Restricted Subsidiaries in such Unrestricted Subsidiary at the time of such re-designation and (B) the fair market value of Investments of the Loan Parties and their Restricted Subsidiaries made
in connection with the designation of such Restricted Subsidiary as an Unrestricted Subsidiary minus (y) the portion (proportionate to the Loan Parties’ and their Subsidiaries’ Equity Interests in such resulting Restricted Subsidiary)
of the fair market value of the net assets of such Restricted Subsidiary at the time of such re-designation. The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute the
incurrence or making, as applicable, at the time of designation of any Investments, Indebtedness or Liens of such Subsidiary existing at such time. An Unrestricted Subsidiary that has subsequently been designated as a Restricted Subsidiary may not
be redesignated as an Unrestricted Subsidiary. 
 ARTICLE VII 

NEGATIVE COVENANTS 

Each of the Loan Parties hereby covenants and agrees that on the Closing Date and thereafter until the Facility Termination
Date, no Loan Party shall, nor shall it permit any Restricted Subsidiary (or with respect to Sections 7.14, 7.15, and 7.16, any Subsidiary) to, directly or indirectly: 

7.01    Liens. 

Create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter
acquired, except for the following (the “Permitted Liens”): 

(a)        Liens pursuant to any Loan Document; 

(b)        Liens existing on the Closing Date and listed on
Schedule 7.01 and any renewals or extensions thereof, provided that (i) the property covered thereby is not changed, (ii) the amount secured or benefited thereby is not increased except as contemplated by
Section 7.02(b), (iii) the direct or any contingent obligor with respect thereto is not changed, and (iv) any renewal or extension of the obligations secured or benefited thereby is permitted by
Section 7.02(b); 
 (c)        Liens for
Taxes or other governmental levies not yet due or as to which the period of grace, if any, related thereto has not expired or which are being contested in good faith and by 

  
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appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP; 

(d)        statutory Liens such as carriers’,
warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising in the ordinary course of business which are not overdue for a period of more than sixty (60) days or which are being contested in good faith
and by appropriate proceedings diligently conducted; provided that adequate reserves with respect thereto are maintained on the books of the applicable Person; 

(e)        pledges or deposits in the ordinary course of business in
connection with workers’ compensation, unemployment insurance and other social security legislation, other than any Lien imposed by ERISA and deposits securing liability to insurance carriers under insurance or self-insurance arrangements; 

(f)        deposits to secure the performance of bids, trade contracts
and leases (other than Indebtedness), statutory obligations, surety and appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business; 

(g)        easements, title defects, rights-of-way, restrictions and other similar encumbrances affecting real property which, in the aggregate, are not substantial in amount, and which do not in any case materially detract from the value of the
property subject thereto or materially interfere with the ordinary conduct of the business of the applicable Person; 

(h)        Liens securing judgments for the payment of money (or
appeal or other surety bonds relating to such judgments) not constituting an Event of Default under Section 8.01(h); 

(i)        Liens securing Indebtedness permitted under
Section 7.02(c); provided that (i) such Liens do not at any time encumber any property other than the property financed by such Indebtedness and (ii) the Indebtedness secured thereby does not exceed
the cost or fair market value, whichever is lower, of the property being acquired on the date of acquisition; 

(j)        bankers’ Liens, rights of setoff and other similar
Liens existing solely with respect to cash and Cash Equivalents on deposit in one or more accounts maintained by the Borrower or any of its Restricted Subsidiaries, in each case in the ordinary course of business in favor of the bank or banks or
other depository institutions with which such accounts are maintained, securing solely the customary amounts owing to such bank with respect to cash management and operating account arrangements; provided, that in no case shall any such Liens
secure (either directly or indirectly) the repayment of any Indebtedness other than Indebtedness permitted under Section 7.02(e); 

(k)        [Reserved]; 

(l)        Liens arising from the filing of precautionary UCC
financing statements relating solely to personal property leased pursuant to operating leases entered into in the ordinary course of business; 

(m)        Any interest or title of a lessor, licensor or sublessor
under any lease, license or sublease entered into by any Loan Party or any Restricted Subsidiary thereof in the ordinary course of business and covering only the assets so leased, licensed or subleased; 

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

  
 107 

 (o)        Any
zoning, building or similar laws or rights reserved to or vested in any Governmental Authority; 

(p)        the interests of lessors under operating leases, including
precautionary UCC filings in respect thereof, and non-operating licensors under license agreements (including software and other technology licenses); 

(q)        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 Section 7.02(i); 

(r)        Liens in favor of customs and revenue authorities arising
in the ordinary course of business as a matter of law to secure payment of customs duties; 

(s)        Liens solely on any cash earnest money deposits made in
connection with any letter of intent or purchase agreement with respect to a Permitted Acquisition; 

(t)        Liens on cash collateral deposited into any escrow account
issued in connection with any Permitted Acquisition pursuant to customary escrow arrangements reasonably satisfactory to the Administrative Agent to the extent such cash collateral represents the proceeds of financing and additional amounts to pay
accrued interest on and/or the redemption price of the financing; 

(u)        other Liens securing Indebtedness outstanding in an
aggregate principal amount not to exceed $7,000,000, provided that no such Lien shall extend to or cover any Collateral; 

(v)        any Lien existing on any property or asset prior to the
acquisition thereof by the Borrower or any Restricted Subsidiary or existing on any property or assets of any Person that becomes a Restricted Subsidiary (other than as a result of a redesignation of an Unrestricted Subsidiary), as the case may be,
provided that (i) such Lien is not created in contemplation of or in connection with such acquisition or such Person becoming a Restricted Subsidiary, (ii) such Lien does not apply to any other property or assets of Holdings, the
Borrower or any Restricted Subsidiary and (iii) such Lien secures only those obligations which it secures on the date of such acquisition or the date such Person becomes a Restricted Subsidiary, as the case may be, and any Refinancing
Indebtedness in respect thereof; 
 (w)        Liens on assets of
Foreign Subsidiaries securing Indebtedness permitted by Section 7.02(o); 

(x)        Liens on the Equity Interests owned by the Borrower or any
Restricted Subsidiary in any joint venture (other than any such joint venture that constitutes a Restricted Subsidiary) created pursuant to joint venture agreements and related documents (to the extent a Lien on such Equity Interests is required
thereunder) having ordinary and customary terms (including with respect to Liens) and entered into in the ordinary course of business and securing (i) obligations other than Indebtedness or (ii) Indebtedness of such joint venture that is non-recourse to Holdings, the Borrower or any Restricted Subsidiary or to any property thereof other than such Equity Interests; and 

(y)        Liens on cash or Cash Equivalents of the Borrower or any
Restricted Subsidiary in an amount equal to 103% of the face amount of the Existing Letters of Credit outstanding on the Closing Date; provided that any such Liens shall be terminated within 15 Business Days of the Closing Date (or such longer
period as the Administrative Agent shall agree in its sole discretion). 

  
 108 

 7.02    Indebtedness.

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

(a)        Indebtedness under the Loan Documents; 

(b)        Indebtedness outstanding on the date hereof and listed on
Schedule 7.02 and any Refinancing Indebtedness thereof; 

(c)        Indebtedness in respect of Capitalized Leases, Synthetic
Lease Obligations and purchase money obligations for fixed or capital assets within the limitations set forth in Section 7.01(i); provided, however, that the aggregate amount of all such Indebtedness at any
one time outstanding shall not exceed $35,000,000; 

(d)        Unsecured Indebtedness of a Restricted Subsidiary of the
Borrower owed to the Borrower or a Restricted Subsidiary of the Borrower, which Indebtedness shall (i) to the extent required by the Administrative Agent, be evidenced by promissory notes which shall be pledged to the Administrative Agent as
Collateral for the Secured Obligations in accordance with the terms of the Collateral Documents, (ii) be on subordination terms reasonably acceptable to the Administrative Agent and (iii) be otherwise permitted under the provisions of
Section 7.03(c) (“Intercompany Debt”); 

(e)        Guarantees (i) of the Borrower or any Guarantor in
respect of Indebtedness otherwise permitted hereunder of the Borrower or any other Guarantor, (ii) of any non-Guarantor in respect of Indebtedness otherwise permitted hereunder of another non-Guarantor and (iii) of the Borrower or any Guarantor of Indebtedness otherwise permitted hereunder of a non-Guarantor, so long as such Guarantee is permitted by
Section 7.03(c)(v); 

(f)        obligations (contingent or otherwise) existing or arising
under any Swap Contract, provided that (i) such obligations are (or were) entered into by such Person in the ordinary course of business for the purpose of directly mitigating risks associated with fluctuations in interest rates or
foreign exchange rates and (ii) such Swap Contract does not contain any provision exonerating the non-defaulting party from its obligation to make payments on outstanding transactions to the defaulting
party; 
 (g)        Indebtedness incurred in the ordinary course of
business in respect of credit cards, credit card processing services, debit cards, stored value cards, commercial cards (including so-called “purchase cards”, “procurement cards” or “p-cards”), or cash management services; 

(h)        to the extent constituting Indebtedness, (i) sales
commissions, bonuses and accrued salaries paid or payable to employees (excluding Holdings) in the ordinary course of business and (ii) deferred compensation owed to employees, officers and directors (in each case, excluding Holdings) in the
ordinary course of business, in the case of this clause (ii), not in excess of an aggregate principal amount of $8,000,000 at any time outstanding; 

(i)        Indebtedness consisting of the financing of insurance
premiums; 
 (j)        to the extent constituting Indebtedness,
obligations in respect of self-insurance obligations, performance and completion guarantees and similar obligations provided by the Borrower or any Restricted Subsidiary, in each case in the ordinary course of business, and Indebtedness under
performance, bid and appeal bonds or with respect to workers’ compensation claims, in each case in the ordinary course of business; 

  
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 (k)        to the
extent constituting Indebtedness, (i) customary indemnification obligations or customary obligations in respect of purchase price or other similar adjustments, in each case incurred by the Borrower or any Restricted Subsidiary in connection
with any Disposition or Investment permitted hereby, including a Permitted Acquisition, but excluding guarantees of Indebtedness and (ii) earnout obligations (which shall be subordinated on terms reasonably acceptable to the Administrative
Agent) incurred in connection with a Permitted Acquisition (to the extent permitted pursuant to the definition thereof). 

(l)        other Indebtedness, which may be secured to the extent
permitted pursuant to Section 7.01(s), in an aggregate principal amount at any time outstanding not to exceed $9,000,000; provided that no Default or Event of Default shall have occurred and be continuing both before
and after giving effect to the incurrence of such Indebtedness; 

(m)        Indebtedness in respect of netting services, overdraft
protections, the endorsement of instruments or other payment items for deposit and otherwise in connection with deposit accounts, in each case, in the ordinary course of business; 

(n)        (i) Indebtedness of any Person that becomes a Restricted
Subsidiary after the date hereof (other than as a result of a redesignation of an Unrestricted Subsidiary), or Indebtedness of any Person that is assumed by any Restricted Subsidiary in connection with an acquisition of assets by such Restricted
Subsidiary in a Permitted Acquisition; provided that (A) such Indebtedness exists at the time such Person becomes a Restricted Subsidiary or such assets are acquired and is not created in contemplation of or in connection with such
Person becoming a Restricted Subsidiary or such assets being acquired and (B) immediately before and after such Person becomes a Restricted Subsidiary or such assets are acquired, no Default or Event of Default shall have occurred and be
continuing; and (ii) Refinancing Indebtedness in respect of any such Indebtedness; provided that after giving effect to such Permitted Acquisition on a pro forma basis, the Loan Parties are in compliance with a Consolidated Net
Leverage Ratio no greater than (i) 3.00 to 1.00 or (ii) during an Elevated Covenant Period, 3.50 to 1.00, in each case, as of the end of the most recent Measurement Period for which financial statements are required to have been delivered to
the Administrative Agent pursuant to Section 6.01. 

(o)        Indebtedness of any Foreign Subsidiary in respect of
letters of credit and other working capital facilities issued or established for the account of such Foreign Subsidiary; provided that the aggregate principal amount of all Indebtedness permitted by this
Section 7.02(o) shall not exceed $3,000,000 at any time outstanding; 

(p)        Indebtedness representing the obligation to repurchase
Equity Interests issued to officers, directors or employees (in each case, excluding Holdings) (or any spouses, ex-spouses, or estates of any of the foregoing) and post-retirement liabilities relating to life
and health insurance to officers, directors and employees of Holdings, the Borrower or any Restricted Subsidiary thereof incurred in the ordinary course of business, not in excess of an aggregate principal amount of $4,000,000 at any time
outstanding; 
 (q)        Indebtedness arising from judgments for
the payment of money (or appeal or other surety bonds relating to such judgments) not constituting an Event of Default under Section 8.01(h); and 

(r)        other unsecured Indebtedness in an unlimited amount,
provided that after giving pro forma effect to the incurrence of such Indebtedness, the Borrower and its Restricted Subsidiaries shall be in compliance with the financial covenant set forth in Section 7.11(a),
provided further no Default or Event of Default shall have occurred and be continuing both before and after giving effect to such incurrence of Indebtedness. 

  
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 7.03    Investments.

 Make or hold any Investments, except: 

(a)        Investments held by the Borrower and its Restricted
Subsidiaries in the form of cash or Cash Equivalents; 

(b)        advances to officers, directors and employees of the
Borrower and Restricted Subsidiaries in an aggregate amount not to exceed $4,000,000 at any time outstanding (determined without regard to any write-downs or write-offs of such advances), for travel, entertainment, relocation and analogous ordinary
business purposes; 
 (c)        (i) Investments by Holdings, the
Borrower and its Subsidiaries in their respective Subsidiaries outstanding on the date hereof, (ii) additional Investments by Holdings in the Borrower, (iii) additional Investments by the Borrower and its Restricted Subsidiaries in Loan
Parties (other than Holdings), (iv) additional Investments by Restricted Subsidiaries of the Borrower that are not Loan Parties in other Restricted Subsidiaries that are not Loan Parties, (v) additional Investments by the Borrower and its
Restricted Subsidiaries in Restricted Subsidiaries of the Borrower that are not Loan Parties made after the Closing Date in an aggregate amount outstanding at any time not to exceed $10,000,000 (determined without regard to any write-downs or
write-offs of such Investments) plus any amount required by applicable law to maintain a net minimum capital requirement or otherwise comply with applicable law and (vi) Investments in the form of loans or advances made by any Restricted
Subsidiary that is not a Loan Party to the Borrower or any other Loan Party (other than Holdings), provided that such loans and advances shall be unsecured and subordinated to the Secured Obligations on terms reasonably acceptable to the
Administrative Agent; 
 (d)        Investments consisting of
extensions of credit in the nature of accounts receivable or notes receivable arising from the grant of trade credit or deposits, prepayments or other credits to suppliers in the ordinary course of business, and Investments received in satisfaction
or partial satisfaction thereof from financially troubled account debtors to the extent reasonably necessary in order to prevent or limit loss; 

(e)        Guarantees permitted by
Section 7.02; 
 (f)        Investments
existing on the date hereof (other than those referred to in Section 7.03(c)(i)) and set forth on Schedule 7.03; 

(g)        Permitted Acquisitions; 

(h)        Investments (including debt obligations) received in
connection with the bankruptcy or reorganization of suppliers and customers and in settlement of delinquent obligations of, and other disputes with, customers and suppliers arising in the ordinary course of business; 

(i)        other Investments in an aggregate amount at any time
outstanding not to exceed $5,000,000 in any fiscal year; provided no Default or Event of Default shall have occurred and be continuing both before and after giving effect to such Investment; 

(j)        Investments arising from deposits made in the ordinary
course of business securing obligations or performance under real estate or personal property leases; 

(k)        other Investments in an unlimited amount, provided
that after giving pro forma effect to each such Investment, the Consolidated Net Leverage Ratio shall be no greater than 3.00 to 1.00 for the most recently ended Measurement Period for which financial statements are required

  
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to have been delivered pursuant to Section 6.01(a) or (b); provided further no Default or Event of Default shall have occurred and be continuing both
before and after giving effect to any Investment; 

(l)        Investments consisting of any cash earnest money deposits
made in connection with any letter of intent or purchase agreement with respect to a Permitted Acquisition; 

(m)        Investments held by a Person acquired in a Permitted
Acquisition so long as 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; 

(n)        Investments in Swap Contracts permitted hereunder in
accordance with Section 7.02(f); 

(o)        Investments consisting of
non-cash consideration received in connection with Dispositions permitted hereunder in accordance with Section 7.05(e); 

(p)        the endorsement of instruments for collection in the
ordinary course of business to the extent deemed an Investment; and 
 provided that, notwithstanding anything to the
contrary contained herein, Investments by the Borrower and its Restricted Subsidiaries in Unrestricted Subsidiaries shall not exceed 7.5% of Consolidated EBITDA for the most recently ended Measurement Period for which financial statements are
required to have been delivered pursuant to Section 6.01(a) or (b) in an aggregate amount at any time outstanding. 

7.04    Fundamental Changes. 

Merge, dissolve, liquidate, amalgamate, consolidate with or into another Person, or Dispose of (whether in one transaction or
in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to or in favor of any Person, except that, so long as no Default exists or would result therefrom: 

(a)        any Restricted Subsidiary may merge or amalgamate with
(i) the Borrower; provided that the Borrower shall be the continuing or surviving Person, or (ii) any one or more other Restricted Subsidiaries, provided that when any Loan Party (other than Holdings) is merging with another
Restricted Subsidiary, a Loan Party shall be the continuing or surviving Person; 

(b)        any Loan Party may Dispose of all or substantially all of
its assets (upon voluntary liquidation or otherwise) to the Borrower or to another Loan Party (other than Holdings); 

(c)        any Restricted Subsidiary that is not a Loan Party may
dispose of all or substantially all its assets (including any Disposition that is in the nature of a liquidation) to (i) another Restricted Subsidiary that is not a Loan Party or (ii) to a Loan Party (other than Holdings); 

(d)        in connection with any Permitted Acquisition, any
Restricted Subsidiary of the Borrower may merge into or amalgamate or consolidate with any other Person or permit any other Person to merge into or amalgamate or consolidate with it; provided that (i) the Person surviving such merger or
amalgamation shall be a wholly-owned Restricted Subsidiary of the Borrower and (ii) in the case of any such merger or amalgamation to which any Loan Party (other than the Borrower or Holdings) is a party, such Loan Party is the surviving
Person; and 
 (e)        each of the Borrower and any of its
Restricted Subsidiaries may merge or amalgamate into or consolidate with any other Person or permit any other Person to merge into or amalgamate or consolidate with it; provided, however, that in each case, immediately after giving
effect thereto (i) in the case of any such merger or amalgamation to which the Borrower is a party, 

  
 112 

 
the Borrower is the surviving Person and (ii) in the case of any such merger or amalgamation to which any Loan Party (other than the Borrower or Holdings) is a party, such Loan Party is the
surviving Person. 
 7.05    Dispositions. 

Make any Disposition or enter into any agreement to make any Disposition, except: 

(a)        Permitted Transfers; 

(b)        Dispositions of obsolete, surplus, damaged or worn out
property, whether now owned or hereafter acquired, in the ordinary course of business, including the abandonment or other Disposition of Intellectual Property, in each case, which, in the reasonable judgment of the Borrower, is no longer
economically practicable to maintain or useful in the conduct of the business of the Borrower and its Subsidiaries, taken as a whole; 

(c)        Dispositions of equipment or real property to the extent
that (i) such property is exchanged for credit against the purchase price of similar replacement property or (ii) the proceeds of such Disposition are reasonably promptly applied to the purchase price of such replacement property; 

(d)        Dispositions permitted by
Section 7.04; and 
 (e)        other
Dispositions so long as (i) at least 75% of the consideration paid in connection therewith shall be cash or Cash Equivalents paid contemporaneously with consummation of the transaction and shall be in an amount not less than the fair market
value of the property disposed of, (ii) such transaction does not involve the sale or other disposition of a minority Equity Interests in any Restricted Subsidiary, (iii) such transaction does not involve a sale or other disposition of
receivables other than receivables owned by or attributable to other property concurrently being disposed of in a transaction otherwise permitted under this Section 7.05, (iv) such transaction does not involve a sale or
other disposition of any Material Intellectual Property, and (v) the aggregate net book value of all of the assets sold or otherwise disposed of by the Loan Parties and their Restricted Subsidiaries in all such transactions in any fiscal year
of the Borrower shall not exceed $11,000,000. 
 7.06    Restricted Payments. 

Declare or make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so,
except that: 
 (a)        each Restricted Subsidiary may make
Restricted Payments to any Loan Party or Restricted Subsidiary that owns Equity Interests in such Restricted Subsidiary, ratably according to their respective holdings of the type of Equity Interest in respect of which such Restricted Payment is
being made; 
 (b)        the Borrower may make Restricted Payments
to Holdings so that Holdings may make, and Holdings shall be permitted to make Permitted Tax Distributions; 

(c)        the Borrower and each Restricted Subsidiary may declare and
make dividend payments or other distributions payable solely in common Equity Interests of such Person; 

(d)        the Borrower may make Restricted Payments to Holdings so
that Holdings may make, and Holdings shall be permitted to make Restricted Payments during any fiscal year of the 

  
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Borrower in an aggregate amount not to exceed $3,000,000 so long as no Default shall have occurred and be continuing, or would result therefrom, at the time of such Restricted Payment; and 

(e)        the Borrower may make Restricted Payments to Holdings so
that Holdings may make, and Holdings shall be permitted to make, Restricted Payments in an unlimited amount, provided that after giving pro forma effect to each such Restricted Payment, the Consolidated Net Leverage Ratio shall be less than
or equal to 2.50 to 1.00 for the most recently ended Measurement Period for which financial statements are required to have been delivered pursuant to Section 6.01(a) or (b) so long as no Default shall have
occurred and be continuing, or would result therefrom, at the time of such Restricted Payment; 

(f)        the Borrower may make Restricted Payments required to
satisfy to any subordinated earnout obligation that was permitted to be incurred in connection with a Permitted Acquisition; and 

(g)        so long as no Event of Default shall have occurred and be
continuing or would result therefrom, the Borrower may make Restricted Payments to Holdings so that Holdings may repurchase its Equity Interests owned by employees of Holdings, the Borrower or any of its Subsidiaries or make payments to employees of
Holdings, the Borrower or its Restricted Subsidiaries upon termination of employment in connection with the exercise of stock options, stock appreciation rights or similar equity incentives or equity based incentives pursuant to management incentive
plans or in connection with the death or disability of such employees in an aggregate amount under this clause (g) not to exceed $8,000,000 in any fiscal year. 

7.07    Change in Nature of Business. 

Engage in any material line of business substantially different from those lines of business conducted by the Borrower and its
Subsidiaries on the date hereof or any business substantially related or incidental thereto. 

7.08    Transactions with Affiliates. 

Enter into or permit to exist any transaction or series of transactions with any officer, director or Affiliate of such Person
other than (a) advances of working capital to any Loan Party, (b) transfers of cash and assets to any Loan Party, (c) intercompany transactions expressly permitted by this Agreement, (d) normal and reasonable compensation,
indemnification and reimbursement of expenses of officers and directors, (e) Restricted Payments permitted by Section 7.06, (f) Investments permitted by Section 7.03, (g) the issuance of
Equity Interests (other than Disqualified Stock) of Holdings, (h) the issuance by Holdings, the Borrower or any Restricted Subsidiary of any directors qualifying shares and (i) except as otherwise specifically limited in this Agreement,
other transactions which are entered into in the ordinary course of such Person’s business on fair and reasonable terms and conditions substantially as favorable to such Person as would be obtainable by it in a comparable arm’s length
transaction with a Person other than an officer, director or Affiliate. 

7.09    [Reserved]. 

7.10    Use of Proceeds. 

Use the proceeds of any Credit Extension, whether directly or indirectly, and whether immediately, incidentally or ultimately,
to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness originally incurred for such purpose. 

  
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 7.11    Financial Covenants . 

(a)        Consolidated Net Leverage Ratio.
Permit the Consolidated Net Leverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Borrower set forth below to be greater than the ratio set forth below opposite such period: 

 

			
	Measurement Period Ending	 	
Maximum

Consolidated Net

Leverage Ratio

	 Closing Date through

September 30, 2021
	 	4.00 to 1.00
	December 31, 2021 through September 30, 2022	 	3.00 to 1.00
	December 31, 2022 through September 30, 2023	 	2.75 to 1.00
	  

December 31, 2023 and each fiscal quarter thereafter
	 	2.50 to 1.00

 provided, that that (i) with respect to any fiscal quarter ending
on or after the Closing Date, the Borrower may, by written notice to the Administrative Agent for distribution to the Lenders (such request to be made in writing by the Borrower no later than the date on which a certificate is required to be
delivered pursuant to Section 6.02(b) demonstrating the Consolidated Net Leverage Ratio for the fiscal quarter during which such Material Acquisition occurred), elect to increase the maximum Consolidated Net Leverage Ratio
set forth above by 0.50 to 1.00 for a period of four (4) consecutive fiscal quarters (inclusive of the fiscal quarter in which the Material Acquisition occurred) in connection with a Permitted Acquisition that is a Material Acquisition
occurring during the first of such four fiscal quarters (each such period, an “Elevated Covenant Period”) and (ii) notwithstanding the foregoing clause (i), (A) the Borrower may not elect an Elevated Covenant Period for at
least one (1) full fiscal quarter following the end of an Elevated Covenant Period before a new Elevated Covenant Period is available again pursuant to the preceding clause (i) and (B) there shall be no more than three (3) Elevated
Covenant Periods during the term of this Agreement. 

(b)        Consolidated Fixed Charge Coverage Ratio.
Permit the Consolidated Fixed Charge Coverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Borrower to be less than 1.25 to 1.00. 

(c)        Equity Cure. Notwithstanding anything to the
contrary contained in Article VIII, in the event an Event of Default arises under Section 7.11, an equity contribution (in the form of common equity or other equity having terms reasonably acceptable to the
Administrative Agent), made to Holdings and contributed in cash as common equity to the Borrower after the last day of any fiscal quarter and on or prior to the day that is ten (10) Business Days after the day on which financial statements are
required to be delivered for such fiscal quarter will, at the written request of the Borrower, be included in the calculation of Consolidated EBITDA (for such fiscal quarter) solely for the purposes of determining compliance with such financial
covenants at the end of such Measurement Period and any subsequent period that includes such fiscal quarter (any such equity contribution, a “Specified Contribution”); provided that, (i) the amount of any Specified
Contribution and the use of proceeds therefrom will be no greater than the amount required to cause the Loan Parties to be in compliance with the applicable financial covenants on a pro forma basis, (ii) all Specified Contributions and the use
of proceeds therefrom will be disregarded for all other purposes under this Agreement (including, to the extent applicable, calculating Consolidated EBITDA for purposes of determining basket levels, pricing and other items governed by reference to
Consolidated EBITDA or that include Consolidated EBITDA in the determination thereof in any 

  
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respect), (iii) there shall be no more than five (5) Specified Contributions made in the aggregate after the Closing Date and no Specified Contributions made in consecutive fiscal quarters,
(iv) the proceeds of any Specified Contribution shall not reduce Indebtedness on a pro forma basis (either directly through prepayment or indirectly as a result of netting Unrestricted Cash) in determining compliance with the financial
covenants for the fiscal quarter in respect of which such Specified Contribution is made, and (v) the proceeds of all Specified Contributions will be applied to prepay the Loans in the manner set forth in
Section 2.05(b)(iii); provided that, until timely receipt of the applicable Specified Contribution, an Event of Default shall be deemed to exist for all other purposes under this Agreement however, neither the
Administrative Agent nor any other Lender shall exercise any right to accelerate the Loans, terminate the Commitments or exercise any right to foreclose or take possession of any Collateral or any other remedy under the Loan Documents, in each case
on the basis of any actual or purported Event of Default with respect to the financial covenants set forth in Section 7.11. Upon timely receipt by the Borrowers in cash of the applicable Specified Contribution and payment
of the mandatory prepayment pursuant to the terms of this Agreement, the applicable Events of Default shall be deemed waived. 

7.12    Amendments of Organization Documents; Fiscal Year; Legal Name, State of
Formation; Form of Entity and Accounting Changes. 

(a)        Amend any of its Organization Documents in any manner
materially adverse to the interests of the Administrative Agent and the Lenders; 

(b)        without providing ten (10) Business Days prior written
notice, change its fiscal year (which may only be implemented once); 

(c)        without providing five (5) days prior written notice
to the Administrative Agent (or such extended period of time as agreed to by the Administrative Agent), change its name, jurisdiction of formation, form of organization or principal place of business; 

(d)        make any change in accounting policies or reporting
practices (other than to change from a gross revenue basis to net revenue basis of accounting), except as required by GAAP or permitted by GAAP; provided, that: (i) the Borrower shall promptly notify the Administrative Agent of such
change or changes and (ii) the provisions of Section 1.03(b) shall apply; or 

(e)        elect to treat any Foreign Subsidiary that is a Subsidiary
on the Closing Date as a corporation for U.S. federal income tax purposes. 

7.13    Sale and Leaseback Transactions. 

Enter into any Sale and Leaseback Transaction, unless the Disposition is permitted by Section 7.05
and any Attributable Indebtedness or Liens arising in connection therewith are permitted under Sections 7.01 and 7.02. 

7.14    Sanctions. 

Directly or indirectly, use any Credit Extension or the proceeds of any Credit Extension, or lend, contribute or otherwise
make available such Credit Extension or the proceeds of any Credit Extension to any Person, to fund any activities of or business with any Person, or in any country, region or territory, that, at the time of such funding, is the subject of
Sanctions, or in any other manner that will result in a violation by any Person (including any Person participating in the transaction, whether as Lender, Arranger, Administrative Agent, L/C Issuer, Swingline Lender, or otherwise) of Sanctions. 

  
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 7.15    Anti-Corruption Laws. 

Directly or indirectly, use any Credit Extension or the proceeds of any Credit Extension for any purpose which would breach
the United States Foreign Corrupt Practices Act of 1977, as amended, or other anti-corruption legislation in other jurisdictions. 

7.16    [Reserved]. 

7.17    Passive Holding Company. 

With respect to Holdings, and notwithstanding anything to the contrary in this Agreement, engage in any business activities
other than (i) ownership of the Equity Interests of the Borrower (provided that Holdings shall not form or acquire any new Subsidiaries after the Closing Date unless such Subsidiary shall become a Loan Party), (ii) activities incidental to
maintenance of its corporate existence (and for the avoidance of doubt, Holdings must maintain its separate corporate existence), (iii) performance of its obligations under the Loan Documents to which it is a party, (iv) activities solely
necessary to permit the consummation of Restricted Payments and the related transactions involving such Persons to the extent expressly permitted hereunder and (v) the issuance of Equity Interests (and the use of the proceeds therefrom subject
to the limitations set forth in this Agreement, including, for the avoidance of doubt, the other provisions set forth in this Section 7.17). 

ARTICLE VIII 
 EVENTS
OF DEFAULT AND REMEDIES 
 8.01    Events of Default. 

Any of the following shall constitute an event of default (each, an “Event of Default”): 

(a)        Non-Payment.
The Borrower or any other Loan Party fails to pay (i) when and as required to be paid herein, any amount of principal of any Loan or any L/C Obligation or deposit any funds as Cash Collateral in respect of L/C Obligations, or (ii) within
five (5) Business Days after the same becomes due, any interest on any Loan or on any L/C Obligation, or any fee due hereunder, or any other amount payable hereunder or under any other Loan Document; or 

(b)        Specific Covenants. Any Loan Party fails to perform
or observe any term, covenant or agreement contained in (i) any of Section 6.03(a), 6.05(a), 6.10, 6.11, 6.12, 6.13, 6.20, or Article VII or (ii) any of
Section 6.01, 6.02(b) or 6.02(e) and such failure continues for five (5) or more Business Days; or 

(c)        Other Defaults. Any Loan Party fails to perform or
observe any other covenant or agreement (not specified in Section 8.01(a) or (b) above) contained in any Loan Document on its part to be performed or observed and such failure continues for thirty
(30) days after the earlier of (i) notice thereof from the Administrative Agent to the Borrower or (ii) any Responsible Officer of any Loan Party becomes aware of such failure; or 

(d)        Representations and Warranties. Any representation,
warranty, certification or statement of fact made or deemed made by or on behalf of the Borrower or any other Loan Party herein, in any other Loan Document, or in any document delivered in connection herewith or therewith shall be incorrect or
misleading in any material respect (except as to any such representation or warranty that is already qualified by materiality, such representation or warranty shall be incorrect or misleading in any respect) when made or deemed made; or 

(e)        Cross-Default. (i) Any Loan Party or any
Restricted Subsidiary thereof (A) fails to 

  
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make any payment of principal or interest when due (after giving effect to any grace or cure period) (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in
respect of any Indebtedness or Guarantee (other than Indebtedness hereunder and Indebtedness under Swap Contracts) having an aggregate outstanding principal amount (including undrawn committed or available amounts and including amounts owing to all
creditors under any combined or syndicated credit arrangement) of more than the Threshold Amount, or (B) fails to observe or perform any other agreement or condition relating to any such Indebtedness or Guarantee having an aggregate outstanding
principal amount of more than the Threshold Amount or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or other event is to cause, or to permit the holder or
holders of such Indebtedness or the beneficiary or beneficiaries of such Guarantee (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if required, such Indebtedness to be
demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity, or such Guarantee to become
payable or Cash Collateral in respect thereof to be demanded (provided that this clause (B) shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets
securing such Indebtedness); or (ii) there occurs under any Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from (A) any event of default under such Swap Contract as to which a Loan Party or any
Restricted Subsidiary thereof is the Defaulting Party (as defined in such Swap Contract) or (B) any Termination Event (as so defined) under such Swap Contract as to which a Loan Party or any Restricted Subsidiary thereof is an Affected Party
(as so defined) and, in either event, the Swap Termination Value owed by such Loan Party or such Restricted Subsidiary as a result thereof is greater than the Threshold Amount; or 

(f)        Insolvency Proceedings, Etc. Any Loan Party or any
Subsidiary thereof (other than an Immaterial Subsidiary or an Unrestricted Subsidiary) institutes or consents to the institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; makes a proposal to
its creditors or files notice of its intention to do so, institutes any other proceeding under applicable Law seeking to adjudicate it a bankrupt or an insolvent, or seeking liquidation, dissolution,
winding-up, administration or reorganization (by way of voluntary arrangement, scheme of arrangement or otherwise), compromise, assignment, arrangement, adjustment, protection, moratorium, relief, stay of
proceedings of creditors, composition of it or its debts, suspension of payments or any other similar relief; or applies for or consents to the appointment of any receiver, receiver-manager, administrative receiver, trustee, custodian, conservator,
liquidator, administrator, rehabilitator or similar officer for it or for all or any material part of its property; or any receiver, receiver-manager, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without
the application or consent of such Person and the appointment continues undischarged or unstayed for sixty (60) calendar days; or any proceeding under any Debtor Relief Law relating to any such Person or to all or any material part of its
property is instituted without the consent of such Person and continues undismissed or unstayed for sixty (60) calendar days, or an order for relief is entered in any such proceeding; or 

(g)        Inability to Pay Debts; Attachment. (i) Any
Loan Party or any Subsidiary thereof (other than an Immaterial Subsidiary or an Unrestricted Subsidiary) becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, subject to applicable grace periods or
(ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within sixty (60) days after its
issue or levy; or 
 (h)        Judgments. There is entered
against any Loan Party or any Restricted Subsidiary thereof (i) one or more final judgments or orders for the payment of money in an aggregate amount 

  
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(as to all such judgments and orders) exceeding the Threshold Amount (to the extent not covered by independent third-party insurance as to which the insurer is rated at least “A” by
A.M. Best Company, has been notified of the potential claim and does not dispute coverage, it being understood that a “reservation of rights letter” or similar notice shall not, in and of itself, constitute a dispute of coverage), or
(ii) any one or more non-monetary final judgments for injunctive relief that have, or would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and, in either case,
(A) enforcement proceedings are commenced by any creditor upon such judgment or order, or (B) there is a period of sixty (60) consecutive days during which a stay of enforcement of such judgment, by reason of a pending appeal or
otherwise, is not in effect; or 
 (i)        ERISA.
(i) An ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan which have collectively resulted or would reasonably be expected to result in liability of any Loan Party in an aggregate amount in excess of the Threshold Amount,
or (ii) any Loan Party or any ERISA Affiliate fails to pay when due, after the expiration of any applicable grace period, any installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer
Plan in an aggregate amount in excess of the Threshold Amount; or 

(j)        Invalidity of Loan Documents. Any material provision
of any Loan Document, at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or thereunder or satisfaction in full of all Obligations arising under the Loan Documents, ceases to be in full force
and effect; or any Loan Party or Subsidiary or Affiliate thereof contests in any manner the validity or enforceability of any provision of any Loan Document; or any Loan Party denies in writing that it has any or further liability or obligation
under any provision of any Loan Document, or purports to revoke, terminate or rescind any provision of any Loan Document (other than as a result of the discharge of such Guarantor in accordance with the terms hereof); or it is or becomes unlawful
for a Loan Party to perform any of its obligations under the Loan Documents; or 

(k)        Collateral Documents. Any Collateral Document
after delivery thereof pursuant to the terms of the Loan Documents shall for any reason cease to create a valid and perfected first priority Lien (subject to Permitted Liens) on any material portion of the Collateral purported to be covered thereby,
or any Loan Party shall assert the invalidity of such Liens; or 

(l)        Change of Control. There occurs any Change of
Control. 
 Without limiting the provisions of Article IX, if a Default shall have occurred under the Loan Documents,
then such Default will continue to exist until it either is cured (to the extent specifically permitted) in accordance with the Loan Documents or is otherwise expressly waived by Administrative Agent (with the approval of requisite Appropriate
Lenders (in their sole discretion)) as determined in accordance with Section 11.01; and once an Event of Default occurs under the Loan Documents, then such Event of Default will continue to exist until it is expressly
waived by the requisite Appropriate Lenders or by the Administrative Agent with the approval of the requisite Appropriate Lenders, as required hereunder in Section 11.01. 

  
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 8.02    Remedies upon Event of
Default. 
 If any Event of Default occurs and is continuing, the Administrative Agent shall, at the request of, or
may, with the consent of, the Required Lenders, take any or all of the following actions: 

(a)        declare the Commitment of each Lender to make Loans and any
obligation of each L/C Issuer to make L/C Credit Extensions to be terminated, whereupon such commitments and obligation shall be terminated; 

(b)        declare the unpaid principal amount of all outstanding
Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are
hereby expressly waived by the Borrower; 
 (c)        require that
the Borrower Cash Collateralize the L/C Obligations (in an amount equal to the Minimum Collateral Amount with respect thereto); and 

(d)        exercise on behalf of itself, the Lenders and the L/C
Issuers all rights and remedies available to it, the Lenders and the L/C Issuers under the Loan Documents or Applicable Law or equity, including, without limitation, all remedies provided under the UCC and/or the PPSA; 

provided, however, that upon the occurrence of an actual or deemed entry of an order for relief with respect 

to the Borrower under the Bankruptcy Code of the United States (or any similar occurrence under any other Debtor Relief Law), the obligation
of each Lender to make Loans and any obligation of each L/C Issuer to make L/C Credit Extensions shall automatically terminate, the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall automatically
become due and payable, and the obligation of the Borrower to Cash Collateralize the L/C Obligations as aforesaid shall automatically become effective, in each case without further act of the Administrative Agent or any Lender. 

8.03    Application of Funds. 

(a)        After the exercise of remedies provided for in
Section 8.02 (or after the Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to
Section 8.02) or if at any time insufficient funds are received by and available to the Administrative Agent to pay fully all Secured Obligations then due hereunder, any amounts received on account of the Secured
Obligations shall, subject to the provisions of Sections 2.14 and 2.15, be applied by the Administrative Agent in the following order: 

First, to payment of that portion of the Secured Obligations constituting fees, indemnities,
expenses and other amounts (including fees, charges and disbursements of counsel to the Administrative Agent and amounts payable under Article III) payable to the Administrative Agent in its capacity as such; 

Second, to payment of that portion of the Secured Obligations constituting fees, indemnities and
other amounts (other than principal, interest and Letter of Credit Fees) payable to the Lenders and the L/C Issuers (including fees, charges and disbursements of counsel to the respective Lenders and the L/C Issuers) arising under the Loan Documents
and amounts payable under Article III, ratably among them in proportion to the respective amounts described in this Second clause payable to them; 

Third, to payment of that portion of the Secured Obligations constituting accrued and unpaid
Letter of Credit Fees and interest on the Loans, L/C Borrowings and other Secured 

  
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Obligations arising under the Loan Documents, ratably among the Lenders and the L/C Issuers in proportion to the respective amounts described in this Third clause payable to them;

 Fourth, to payment of that portion of the Secured Obligations constituting unpaid principal
of the Loans, L/C Borrowings and Secured Obligations then owing under the Secured Hedge Agreements and Secured Cash Management Agreements and to the Administrative Agent for the account of the applicable L/C Issuer, to Cash Collateralize that
portion of L/C Obligations comprised of the aggregate undrawn amount of Letters of Credit to the extent not otherwise Cash Collateralized by the Borrower pursuant to Sections 2.03 and 2.14, in each case ratably among the
Administrative Agent, the Lenders, the L/C Issuers, the Hedge Banks and the Cash Management Banks in proportion to the respective amounts described in this Fourth clause held by them; and 

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

(b)        Subject to Sections 2.03(c) and
2.14, amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant to the Fourth clause above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount
remains on deposit as Cash Collateral after all Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other Secured Obligations, if any, in the order set forth above. Excluded Swap Obligations with
respect to any Guarantor shall not be paid with amounts received from such Guarantor or its assets, but appropriate adjustments shall be made with respect to payments from other Loan Parties to preserve the allocation to Secured Obligations
otherwise set forth above in this Section 8.03. 

(c)        Notwithstanding the foregoing, Secured Obligations arising
under Secured Cash Management Agreements and Secured Hedge Agreements shall be excluded from the application described above if the Administrative Agent has not received a Secured Party Designation Notice, together with such supporting documentation
as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be. Each Cash Management Bank or Hedge Bank not a party to this Agreement that has given the notice contemplated by the preceding
sentence shall, by such notice, be deemed to have acknowledged and accepted the appointment of the Administrative Agent pursuant to the terms of Article IX for itself and its Affiliates as if a “Lender” party hereto. 

ARTICLE IX 

ADMINISTRATIVE AGENT 

9.01    Appointment and Authority. 

(a)        Appointment. Each of the Lenders and the L/C Issuers
hereby irrevocably appoints, designates and authorizes Bank of America to act on its behalf as the Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to
exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article IX are solely for the benefit
of the Administrative Agent, the Lenders and the L/C Issuers, and neither the Borrower nor any other Loan Party shall have rights as a third party beneficiary of any of such provisions. It is understood and agreed that the use of the term
“agent” herein or in any other Loan Documents (or any other similar term) with reference to the 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 

  
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used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties. 

(b)        Collateral Agent. The Administrative Agent shall
also act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a potential Hedge Bank, and a potential Cash Management Bank) and L/C Issuers hereby irrevocably appoints and authorizes
the Administrative Agent to act as the agent of such Lender and such L/C Issuer for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Secured Obligations, together
with such powers and discretion as are reasonably incidental thereto. In this connection, the Administrative Agent, as “collateral agent” and any co-agents,
sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 9.05 for
purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled to the
benefits of all provisions of this Article IX and Article XI (including Section 11.04(c), as though such co-agents,
sub-agents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein
with respect thereto. 
 9.02    Rights as a Lender. 

The Person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as
any other Lender and may exercise the same as though it were not the Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person
serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for and generally
engage in any kind of banking, trust, financial, advisory, underwriting or other business with any Loan Party or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account
therefor to the Lenders or to provide notice to or consent of the Lenders with respect thereto. 

9.03    Exculpatory Provisions. 

(a)        The Administrative Agent shall not have any duties or
obligations except those expressly set forth herein and in the other Loan Documents, and its duties hereunder shall be administrative in nature. Without limiting the generality of the foregoing, the Administrative Agent and its Related Parties: 

(i)        shall not be subject to any fiduciary or other implied
duties, regardless of whether a Default has occurred and is continuing; 

(ii)        shall not have any duty to take any discretionary action
or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such
other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents), provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its
counsel, may expose the Administrative Agent to liability or that is contrary to any Loan Document or Applicable Law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that
may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any Debtor Relief Law; and 

  
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 (iii)        shall
not, except as expressly set forth herein and in the other Loan Documents, have any duty or responsibility to disclose, and shall not be liable for the failure to disclose, any information relating to any Loan Party or any of its Affiliates that is
communicated to or obtained by the Person serving as the Administrative Agent or any of its Affiliates in any capacity. 

(b)        Neither the Administrative Agent nor any of its Related
Parties shall be liable for any action taken or not taken by the Administrative Agent under or in connection with this Agreement or any other Loan Document or the transactions contemplated hereby or thereby (i) with the consent or at the
request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary), or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 11.01
and 8.02) or (ii) in the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final and non-appealable judgment. Any such action taken
or failure to act pursuant to the foregoing shall be binding on all Lenders. The Administrative Agent shall be deemed not to have knowledge of any Default unless and until notice describing such Default is given in writing to the Administrative
Agent by the Borrower, a Lender or an L/C Issuer. 

(c)        Neither the Administrative Agent nor any of its Related
Parties have any duty or obligation to any Lender or participant or any other Person to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document,
(ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions
set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document, or the creation, perfection
or priority of any Lien purported to be created by the Collateral Documents, (v) the value or the sufficiency of any Collateral, or (vi) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to
confirm receipt of items expressly required to be delivered to the Administrative Agent. 

(d)        Neither the Administrative Agent nor any of its Related
Parties shall be responsible or have any liability for, or have any duty to ascertain, inquire into, monitor or enforce, compliance with the provisions of this Agreement relating to Disqualified Institutions. Without limiting the generality of the
foregoing, the Administrative Agent shall not (i) be obligated to ascertain, monitor or inquire as to whether any Lender or Participant or prospective Lender or Participant is a Disqualified Institution or (ii) have any liability with
respect to or arising out of any assignment or participation of Loans, or disclosure of confidential information, to any Disqualified Institution. 

9.04    Reliance by Administrative Agent. 

The Administrative Agent shall be entitled to rely upon, and shall be fully protected in relying and shall not incur any
liability for relying upon, any notice, request, certificate, communication, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to
be genuine and to have been signed, sent or otherwise authenticated by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and
shall be fully protected in relying and shall not incur any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan, or the issuance, extension, renewal or increase of a Letter of Credit, that by
its terms must be fulfilled to the satisfaction of a Lender or an L/C Issuer, the Administrative Agent may presume that such condition is satisfactory to such Lender or such L/C Issuer unless the Administrative Agent shall have received notice to
the contrary from such Lender or such L/C 

  
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Issuer prior to the making of such Loan or the issuance of such Letter of Credit. The Administrative Agent may consult with legal counsel (who may be counsel for the Loan Parties), independent
accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. For purposes of determining compliance with the conditions
specified in Section 4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to
or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its objections. 

9.05    Delegation of Duties. 

The Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other
Loan Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform any and all of
its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of this Article IX shall apply to any such sub-agent and to the Related
Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the Facilities as well as activities as Administrative Agent.
The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the extent that a court of competent jurisdiction determines in a final and non-appealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub-agents. 

9.06    Resignation of Administrative Agent. 

(a)        Notice. The Administrative Agent may at any time
give notice of its resignation to the Lenders, the L/C Issuers and the Borrower. Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Borrower, to appoint a successor, which shall be a
bank with an office in the United States, or an Affiliate of any such bank with an office in the United States. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within thirty
(30) days after the retiring Administrative Agent gives notice of its resignation (or such earlier day as shall be agreed by the Required Lenders) (the “Resignation Effective Date”), then the retiring Administrative
Agent may (but shall not be obligated to) on behalf of the Lenders and the L/C Issuers, appoint a successor Administrative Agent meeting the qualifications set forth above; provided that in no event shall any successor Administrative Agent be
a Defaulting Lender or a Disqualified Institution. Whether or not a successor has been appointed, such resignation shall become effective in accordance with such notice on the Resignation Effective Date. 

(b)        Defaulting Lender. If the Person serving as
Administrative Agent is a Defaulting Lender pursuant to clause (d) of the definition thereof, the Required Lenders may, to the extent permitted by Applicable Law, by notice in writing to the Borrower and such Person remove such Person as
Administrative Agent and, in consultation with the Borrower, appoint a successor. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within thirty (30) days (or such earlier day as
shall be agreed by the Required Lenders) (the “Removal Effective Date”), then such removal shall nonetheless become effective in accordance with such notice on the Removal Effective Date. 

(c)        Effect of Resignation or Removal. With effect from
the Resignation Effective Date or the Removal Effective Date (as applicable) (i) the retiring or removed Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the
case of any collateral security held by the Administrative Agent on behalf of the 

  
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Lenders or the L/C Issuers under any of the Loan Documents, the retiring or removed Administrative Agent shall continue to hold such collateral security until such time as a successor
Administrative Agent is appointed) and (ii) except for any indemnity payments or other amounts then owed to the retiring or removed Administrative Agent, all payments, communications and determinations provided to be made by, to or through the
Administrative Agent shall instead be made by or to each Lender and each L/C Issuer directly, until such time, if any, as the Required Lenders appoint a successor Administrative Agent as provided for above. Upon the acceptance of a successor’s
appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or removed) Administrative Agent (other than as provided in
Section 3.01(g) and other than any rights to indemnity payments or other amounts owed to the retiring or removed Administrative Agent as of the Resignation Effective Date or the Removal Effective Date, as applicable), and
the retiring or removed Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this
Section 9.06). The fees payable by the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring
or removed Administrative Agent’s resignation or removal hereunder and under the other Loan Documents, the provisions of this Article XI and Section 11.04 shall continue in effect for the benefit of such
retiring or removed Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them (A) while the retiring or removed
Administrative Agent was acting as Administrative Agent and (B) after such resignation or removal for as long as any of them continues to act in any capacity hereunder or under the other Loan Documents, including, without limitation,
(1) acting as collateral agent or otherwise holding any collateral security on behalf of any of the Secured Parties and (2) in respect of any actions taken in connection with transferring the agency to any successor Administrative Agent.

 (d)        L/C Issuers and Swingline Lender.
Any resignation or removal by Bank of America as Administrative Agent pursuant to this Section 9.06 shall also constitute its resignation as an L/C Issuer and Swingline Lender. If Bank of America resigns as an L/C Issuer,
it shall retain all the rights, powers, privileges and duties of an L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as an L/C Issuer and all L/C Obligations with respect thereto,
including the right to require the Lenders to make Base Rate Loans or fund risk participations in Unreimbursed Amounts pursuant to Section 2.03(f). If Bank of America resigns as Swingline Lender, it shall
retain all the rights of the Swingline Lender provided for hereunder with respect to Swingline Loans made by it and outstanding as of the effective date of such resignation, including the right to require the Lenders to make Base Rate Loans or fund
risk participations in outstanding Swingline Loans pursuant to Section 2.04(c). Upon the appointment by the Borrower of a successor L/C Issuer or Swingline Lender hereunder (which successor shall in all cases be a
Lender other than a Defaulting Lender), (i) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer or Swingline Lender, as applicable, (ii) the retiring L/C Issuer and
Swingline Lender shall be discharged from all of their respective duties and obligations hereunder or under the other Loan Documents, and (iii) the successor L/C Issuer shall issue Letters of Credit in substitution for the Letters of Credit, if
any, outstanding at the time of such succession or make other arrangements satisfactory to Bank of America to effectively assume the obligations of Bank of America with respect to such Letters of Credit. 

9.07    Non-Reliance on Administrative Agent and Other
Lenders. 
 Each Lender and each L/C Issuer acknowledges that it has, independently and without reliance upon the
Administrative Agent or any other Lender or any of their Related Parties and based on such 

  
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documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender and each L/C Issuer also acknowledges that it will,
independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in
taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder. 

9.08    No Other Duties, Etc. 

Anything herein to the contrary notwithstanding, none of the titles listed on the cover page hereof shall have any powers,
duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent, Arranger, a Lender or an L/C Issuer hereunder. 

9.09    Administrative Agent May File Proofs of Claim; Credit Bidding. 

(a)        In case of the pendency of any proceeding under any Debtor
Relief Law or any other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or L/C Obligation shall then be due and payable as herein expressed or by declaration or otherwise
and irrespective of whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise: 

(i)        to file and prove a claim for the whole amount of the
principal and interest owing and unpaid in respect of the Loans, L/C Obligations and all other Secured Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the
Lenders, the L/C Issuers and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the L/C Issuers and the Administrative Agent and their respective agents and counsel and
all other amounts due the Lenders, the L/C Issuers and the Administrative Agent under Sections 2.03(h) and (i), 2.09, 2.10(b) and 11.04) allowed in such judicial proceeding; and 

(ii)        to collect and receive any monies or other property
payable or deliverable on any such claims and to distribute the same; 
 and any custodian, receiver, assignee, trustee,
liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and each L/C Issuer to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall
consent to the making of such payments directly to the Lenders and the L/C Issuers, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents
and counsel, and any other amounts due the Administrative Agent under Sections 2.09, 2.10(b) and 11.04. 

(b)        Nothing contained herein shall be deemed to authorize the
Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender or any L/C Issuer any plan of reorganization, arrangement, adjustment or composition affecting the Secured Obligations or the rights of any Lender or any L/C
Issuer to authorize the Administrative Agent to vote in respect of the claim of any Lender or any L/C Issuer or in any such proceeding. 

(c)        The Secured Parties hereby irrevocably authorize the
Administrative Agent, at the direction of the Required Lenders, to credit bid all or any portion of the Secured Obligations (including accepting some or all of the Collateral in satisfaction of some or all of the Secured

  
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Obligations pursuant to a deed in lieu of foreclosure or otherwise) and in such manner purchase (either directly or through one or more acquisition vehicles) all or any portion of the Collateral
(i) at any sale thereof conducted under the provisions of the Bankruptcy Code of the United States, including under Sections 363, 1123 or 1129 of the Bankruptcy Code of the United States, or any similar Laws in any other jurisdictions to which
a Loan Party is subject, (ii) at any other sale or foreclosure or acceptance of collateral in lieu of debt conducted by (or with the consent or at the direction of) the Administrative Agent (whether by judicial action or otherwise) in
accordance with any Applicable Law. In connection with any such credit bid and purchase, the Secured Obligations owed to the Secured Parties shall be entitled to be, and shall be, credit bid on a ratable basis (with Secured Obligations with respect
to contingent or unliquidated claims receiving contingent interests in the acquired assets on a ratable basis that would vest upon the liquidation of such claims in an amount proportional to the liquidated portion of the contingent claim amount used
in allocating the contingent interests) in the asset or assets so purchased (or in the Equity Interests or debt instruments of the acquisition vehicle or vehicles that are used to consummate such purchase). In connection with any such bid
(A) the Administrative Agent shall be authorized to form one or more acquisition vehicles to make a bid, (B) to adopt documents providing for the governance of the acquisition vehicle or vehicles (provided that any actions by the
Administrative Agent with respect to such acquisition vehicle or vehicles, including any disposition of the assets or Equity Interests thereof shall be governed, directly or indirectly, by the vote of the Required Lenders, irrespective of the
termination of this Agreement and without giving effect to the limitations on actions by the Required Lenders contained in clauses (a)(i) through (xi) of Section 11.01 of this Agreement), and
(C) to the extent that Secured Obligations that are assigned to an acquisition vehicle are not used to acquire Collateral for any reason (as a result of another bid being higher or better, because the amount of Secured Obligations assigned to
the acquisition vehicle exceeds the amount of debt credit bid by the acquisition vehicle or otherwise), such Secured Obligations shall automatically be reassigned to the Lenders pro rata and the Equity Interests and/or debt instruments issued
by any acquisition vehicle on account of the Secured Obligations that had been assigned to the acquisition vehicle shall automatically be cancelled, without the need for any Secured Party or any acquisition vehicle to take any further action. 

9.10    Collateral and Guaranty Matters. 

(a)        Each of the Lenders (including in its capacities as a
potential Cash Management Bank and a potential Hedge Bank) and the L/C Issuers irrevocably authorize the Administrative Agent, at its option and in its discretion, 

(i)        to release any Lien on any property granted to or held by
the Administrative Agent under any Loan Document (i) upon the Facility Termination Date, 

(ii)        that is sold or otherwise disposed of or to be sold or
otherwise disposed of as part of or in connection with any sale or other disposition permitted hereunder or under any other Loan Document, or (iii) if approved, authorized or ratified in writing by the Lenders required in accordance with
Section 11.01; 
 (iii)        to
subordinate any Lien on any property granted to or held by the Administrative Agent under any Loan Document to the holder of any Lien on such property that is permitted by Section 7.01(i); and 

(iv)        to release any Guarantor from its obligations under the
Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted under the Loan Documents. 

  
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 (b)        Upon
request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from
its obligations under the Guaranty pursuant to this Section 9.10. In each case as specified in this Section 9.10, the Administrative Agent will, at the 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 Collateral Documents or to subordinate its interest
in such item, or to release such Guarantor from its obligations under the Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 9.10. 

(c)        The Administrative Agent shall not be responsible for or
have a duty to ascertain or inquire into any representation or warranty regarding the existence, value or collectability of the Collateral, the existence, priority or perfection of the Administrative Agent’s Lien thereon, or any certificate
prepared by any Loan Party in connection therewith, nor shall the Administrative Agent be responsible or liable to the Lenders for any failure to monitor or maintain any portion of the Collateral. 

9.11    Secured Cash Management Agreements and Secured Hedge
Agreements. 
 Except as otherwise expressly set forth in any Guaranty or any Collateral Document, no Cash
Management Bank or Hedge Bank that obtains the benefit of the provisions of Section 8.03, any Guaranty or any Collateral by virtue of the provisions hereof or any Collateral Document shall have any right to notice of any
action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or impairment of any Collateral) (or to notice of or to consent to any amendment,
waiver or modification of the provisions hereof or of the Guaranty or any Collateral Document) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision
of this Article IX to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Secured Obligations arising under Secured Cash Management
Agreements and Secured Hedge Agreements except to the extent expressly provided herein and unless the Administrative Agent has received a Secured Party Designation Notice of such Secured Obligations, together with such supporting documentation as
the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be. The Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with
respect to, Secured Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements in the case of a Facility Termination Date. 

9.12    Certain ERISA Matters. 

(a)        Each Lender (x) represents and warrants, as of the
date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and not, for
the avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that at least one of the following is and will be true: 

(i)        such Lender is not using “plan assets” (within
the meaning of Section 3(42) of ERISA or otherwise) of one or more Benefit Plans with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments, or this
Agreement, 
 (ii)        the transaction exemption set forth in
one or more PTEs, such as PTE 84–14 (a class exemption for certain transactions determined by independent qualified 

  
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professional asset managers), PTE 95–60 (a class exemption for certain transactions involving insurance company general accounts), PTE 90–1 (a class exemption for certain transactions
involving insurance company pooled separate accounts), PTE 91–38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96–23 (a class exemption for certain transactions determined by in-house asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement,

 (iii)        (A) such Lender is an investment fund managed by a
“Qualified Professional Asset Manager” (within the meaning of Part VI of PTE 84–14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and
perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the
requirements of sub-sections (b) through (g) of Part I of PTE 84–14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84–14 are
satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement, or 

(iv)        such other representation, warranty and covenant as may
be agreed in writing between the Administrative Agent, in its sole discretion, and such Lender. 

(b)        In addition, unless either (1) clause (i) in
the immediately preceding clause (a) is true with respect to a Lender or (2) a Lender has provided another representation, warranty and covenant in accordance with clause (iv) in the immediately preceding clause
(a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and 

(c)        covenants, from the date such Person became a Lender party
hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that the Administrative Agent is not
a fiduciary with respect to the assets of such Lender involved in such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement (including in connection
with the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related hereto or thereto). 

ARTICLE X 

CONTINUING GUARANTY 

10.01    Guaranty. 

Each Guarantor hereby absolutely and unconditionally, jointly and severally guarantees, as primary obligor and as a guaranty
of payment and performance and not merely as a guaranty of collection, prompt payment when due, whether at stated maturity, by required prepayment, upon acceleration, demand or otherwise, and at all times thereafter, of any and all Secured
Obligations (for each Guarantor, subject to the proviso in this sentence, its “Guaranteed Obligations”); provided that (a) the Guaranteed Obligations of a Guarantor shall exclude any Excluded Swap Obligations with
respect to such Guarantor and (b) the liability of each Guarantor individually with respect to this Guaranty shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to
avoidance under Section 548 of the Bankruptcy Code of the United States or any comparable provisions of any applicable state law 

  
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or other Applicable Law. Without limiting the generality of the foregoing, the Guaranteed Obligations shall include any such indebtedness, obligations, and liabilities, or portion thereof, which
may be or hereafter become unenforceable or compromised or shall be an allowed or disallowed claim under any proceeding or case commenced by or against any debtor under any Debtor Relief Laws. The Administrative Agent’s books and records
showing the amount of the Obligations shall be admissible in evidence in any action or proceeding, and shall be binding upon each Guarantor, and conclusive for the purpose of establishing the amount of the Secured Obligations. This Guaranty shall
not be affected by the genuineness, validity, regularity or enforceability of the Secured Obligations or any instrument or agreement evidencing any Secured Obligations, or by the existence, validity, enforceability, perfection, non-perfection or extent of any collateral therefor, or by any fact or circumstance relating to the Secured Obligations which might otherwise constitute a defense to the obligations of the Guarantors, or any of
them, under this Guaranty, and each Guarantor hereby irrevocably waives any defenses it may now have or hereafter acquire in any way relating to any or all of the foregoing. 

10.02    Rights of Lenders. 

Each Guarantor consents and agrees that the Secured Parties may, at any time and from time to time, without notice or demand,
and without affecting the enforceability or continuing effectiveness hereof: (a) amend, extend, renew, compromise, discharge, accelerate or otherwise change the time for payment or the terms of the Secured Obligations or any part thereof;
(b) take, hold, exchange, enforce, waive, release, fail to perfect, sell, or otherwise dispose of any security for the payment of this Guaranty or any Secured Obligations; (c) apply such security and direct the order or manner of sale
thereof as the Administrative Agent, the L/C Issuers and the Lenders in their sole discretion may determine; and (d) release or substitute one or more of any endorsers or other guarantors of any of the Secured Obligations. Without limiting the
generality of the foregoing, each Guarantor consents to the taking of, or failure to take, any action which might in any manner or to any extent vary the risks of such Guarantor under this Guaranty or which, but for this provision, might operate as
a discharge of such Guarantor. 
 10.03    Certain Waivers. 

Each Guarantor waives (a) any defense arising by reason of any disability or other defense of the Borrower or any other
guarantor, or the cessation from any cause whatsoever (including any act or omission of any Secured Party) of the liability of the Borrower or any other Loan Party; (b) any defense based on any claim that such Guarantor’s obligations
exceed or are more burdensome than those of the Borrower or any other Loan Party; (c) the benefit of any statute of limitations affecting any Guarantor’s liability hereunder; (d) any right to proceed against the Borrower or any other
Loan Party, proceed against or exhaust any security for the Secured Obligations, or pursue any other remedy in the power of any Secured Party whatsoever; (e) any benefit of and any right to participate in any security now or hereafter held by
any Secured Party; and (f) to the fullest extent permitted by law, any and all other defenses or benefits that may be derived from or afforded by Applicable Law limiting the liability of or exonerating guarantors or sureties. Each Guarantor
expressly waives all setoffs and counterclaims and all presentments, demands for payment or performance, notices of nonpayment or nonperformance, protests, notices of protest, notices of dishonor and all other notices or demands of any kind or
nature whatsoever with respect to the Secured Obligations, and all notices of acceptance of this Guaranty or of the existence, creation or incurrence of new or additional Secured Obligations. 

10.04    Obligations Independent. 

The obligations of each Guarantor hereunder are those of primary obligor, and not merely as surety, and are independent of the
Secured Obligations and the obligations of any other guarantor, and a separate action may be brought against each Guarantor to enforce this Guaranty whether or not the Borrower or any other person or entity is joined as a party. 

  
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 10.05    Subrogation.

 No Guarantor shall exercise any right of subrogation, contribution, indemnity, reimbursement or similar rights with
respect to any payments it makes under this Guaranty until all of the Secured Obligations and any amounts payable under this Guaranty have been indefeasibly paid and performed in full and the Commitments and the Facilities are terminated. If any
amounts are paid to a Guarantor in violation of the foregoing limitation, then such amounts shall be held in trust for the benefit of the Secured Parties and shall forthwith be paid to the Secured Parties to reduce the amount of the Secured
Obligations, whether matured or unmatured. 
 10.06    Termination;
Reinstatement. 
 This Guaranty is a continuing and irrevocable guaranty of all Secured Obligations now or hereafter
existing and shall remain in full force and effect until the Facility Termination Date. Notwithstanding the foregoing, this Guaranty shall continue in full force and effect or be revived, as the case may be, if any payment by or on behalf of the
Borrower or a Guarantor is made, or any of the Secured Parties exercises its right of setoff, in respect of the Secured Obligations and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be
fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by any of the Secured Parties in their discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under
any Debtor Relief Laws or otherwise, all as if such payment had not been made or such setoff had not occurred and whether or not the Secured Parties are in possession of or have released this Guaranty and regardless of any prior revocation,
rescission, termination or reduction. The obligations of each Guarantor under this Section 10.06 shall survive termination of this Guaranty. 

10.07    Stay of Acceleration. 

If acceleration of the time for payment of any of the Secured Obligations is stayed, in connection with any case commenced by
or against a Guarantor or the Borrower under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be payable by each Guarantor, jointly and severally, immediately upon demand by the Secured Parties. 

10.08    Condition of Borrower. 

Each Guarantor acknowledges and agrees that it has the sole responsibility for, and has adequate means of, obtaining from the
Borrower and any other guarantor such information concerning the financial condition, business and operations of the Borrower and any such other guarantor as such Guarantor requires, and that none of the Secured Parties has any duty, and such
Guarantor is not relying on the Secured Parties at any time, to disclose to it any information relating to the business, operations or financial condition of the Borrower or any other guarantor (each Guarantor waiving any duty on the part of the
Secured Parties to disclose such information and any defense relating to the failure to provide the same). 

10.09    Appointment of Borrower. 

Each of the Guarantors hereby appoints the Borrower to act as its agent for all purposes of this Agreement, the other Loan
Documents and all other documents and electronic platforms entered into in connection herewith and agrees that (a) the Borrower may execute such documents and provide such authorizations on behalf of such Guarantor as the Borrower deems
appropriate in its sole discretion and each Guarantor shall be obligated by all of the terms of any such document and/or authorization executed on its behalf, (b) any notice or communication delivered by the Administrative Agent, an L/C Issuer
or a Lender to the Borrower shall be deemed delivered to each Loan Party and (c) the Administrative Agent, L/C Issuers or the Lenders may accept, and be permitted to rely on, any document, authorization, instrument or agreement executed by the
Borrower on behalf of each of the Loan Parties. 

  
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 10.10    Right of
Contribution. 
 The Guarantors agree among themselves that, in connection with payments made hereunder, each
Guarantor shall have contribution rights against the other Guarantors as permitted under Applicable Law. 

10.11    Keepwell. 

Each Loan Party that is a Qualified ECP Guarantor at the time the Guaranty or the grant of a Lien under the Loan Documents, in
each case, by any Specified Loan Party becomes effective with respect to any Swap Obligation, hereby jointly and severally, absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Loan Party
with respect to such Swap Obligation as may be needed by such Specified Loan Party from time to time to honor all of its obligations under the Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of
such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Article X voidable under Applicable Law relating to fraudulent conveyance or fraudulent transfer, and not
for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section 10.11 shall remain in full force and effect until the Secured Obligations have been indefeasibly paid and
performed in full. Each Loan Party intends this Section 10.11 to constitute, and this Section 10.11 shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support,
or other agreement” for the benefit of, each Specified Loan Party for all purposes of the Commodity Exchange Act. 
 ARTICLE XI

 MISCELLANEOUS 

11.01        Amendments, Etc. 

(a)        Subject to Section 3.03(c) and
the last paragraph of this Section 11.01, no amendment or waiver of any provision of this Agreement or any other Loan Document, and no consent to any departure by the Borrower or any other Loan Party therefrom, shall be
effective unless in writing signed by the Required Lenders (or by the Administrative Agent with the consent of the Required Lenders) and the Borrower or the applicable Loan Party, as the case may be, and acknowledged by the Administrative Agent, and
each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no such amendment, waiver or consent shall: 

(i)        amend Section 4.02 or waive any
condition set forth therein as to any Credit Extension under a particular Facility without the written consent of the Required Revolving Lenders, Required Term Lenders or the Required Incremental Term Lenders, as the case may be; 

(ii)        extend or increase the Commitment of any Lender (or
reinstate any Commitment terminated pursuant to Section 8.02) without the written consent of such Lender (it being understood and agreed that a waiver of any condition precedent in Section or of any Default or a
mandatory reduction in Commitments is not considered an extension or increase in Commitments of any Lender); 

(iii)        postpone any date fixed by this Agreement or any other
Loan Document for any payment (excluding mandatory prepayments) of principal, interest, fees or other amounts due to the Lenders (or any of them) hereunder or under such other Loan Document without the written consent of each Lender entitled to such
payment; 

  
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 (iv)        reduce
the principal of, or the rate of interest specified herein on, any Loan or L/C Borrowing, or (subject to clause (D) of the second proviso to this Section 11.01) any fees or other amounts
payable hereunder or under any other Loan Document without the written consent of each Lender entitled to such amount; provided, however, that only the consent of the Required Lenders shall be necessary (i) to amend the definition
of “Default Rate” or to waive any obligation of the Borrower to pay interest or Letter of Credit Fees at the Default Rate or (ii) to amend any financial covenant hereunder (or any defined term used therein) even if the effect of such
amendment would be to reduce the rate of interest on any Loan or L/C Borrowing or to reduce any fee payable hereunder; 

(v)        change (i) Section 8.03 or
Section 2.13 in a manner that would alter the pro rata sharing of payments required thereby without the written consent of each Lender, 

(vi)        the order of application of any reduction in the
Commitments or any prepayment of Loans among the Facilities from the application thereof set forth in the applicable provisions of Section 2.05(b) or 2.06(b), respectively, in any manner that materially and adversely
affects the Lenders under a Facility without the written consent of the Required Revolving Lenders, Required Term Lenders or Required Incremental Term Lenders, as applicable or (iii) Section 2.12(f) in a manner that
would alter the pro rata application required thereby without the written consent of each Lender directly affected thereby; 

(vii)        change (i) any provision of this
Section 11.01 or the definition of “Required Lenders” or “Required Class Lenders” or any other provision of any Loan Document specifying the number or percentage of Lenders required to amend, waive
or otherwise modify any rights hereunder or thereunder or make any determination or grant any consent hereunder (other than the definitions specified in clause (ii) of this clause (a)(vi)), without the written consent of each
Lender or (ii) the definitions of “Required Revolving Lenders”, “Required Term Lenders” or “Required Incremental Term Lenders” as each relates to the related Facility (or the constituent definition therein relating
to such Facility) without the written consent of each Lender under such Facility; 

(viii)        release all or substantially all of the Collateral in
any transaction or series of related transactions, without the written consent of each Lender; 

(ix)        release all or substantially all of the value of the
Guaranty, without the written consent of each Lender, except to the extent the release of any Subsidiary from the Guaranty is permitted pursuant to Section 9.10 (in which case such release may be made by the Administrative
Agent acting alone); 
 (x)        release the Borrower or permit
the Borrower to assign or transfer any of its rights or obligations under this Agreement or the other Loan Documents without the consent of each Lender; 

(xi)        impose any greater restriction on the ability of any
Lender under a Facility to assign any of its rights or obligations hereunder without the written consent of the Required Revolving Lenders, Required Term Lenders or Required Incremental Term Lenders, as applicable; 

(xii)        directly and materially adversely affect the rights of
Lenders holding Commitments or Loans of one Class differently from the rights of Lenders holding Commitments or Loans of any other Class without the written consent of the applicable Required Class Lenders; or 

  
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(xiii)        subordinate the payment priority of the Obligations or
any Liens securing any Obligations, without the written consent of each Lender. 
 and provided, further, that
(A) no amendment, waiver or consent shall, unless in writing and signed by the L/C Issuers in addition to the Lenders required above, affect the rights or duties of the L/C Issuers under this Agreement or any Issuer Document relating to any
Letter of Credit issued or to be issued by it; (B) no amendment, waiver or consent shall, unless in writing and signed by the Swingline Lender in addition to the Lenders required above, affect the rights or duties of the Swingline Lender under
this Agreement; (C) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent in addition to the Lenders required above, affect the rights or duties of the Administrative Agent under this Agreement or any
other Loan Document; (D) the Fee Letters may be amended, or rights or privileges thereunder waived, in a writing executed only by the parties thereto; and (E) the term “L/C Commitment” may be amended pursuant to a fully executed
(and delivered to the Administrative Agent) Notice of Additional L/C Issuer. 

(b)        Notwithstanding anything to the contrary herein,
(i) no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender, or all
Lenders or each affected Lender under a Facility, may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that (A) the Commitment of any Defaulting Lender may not be increased or extended without the
consent of such Lender and (B) any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender, or all Lenders or each affected Lender under a Facility, that by its terms affects any Defaulting Lender
disproportionately adversely relative to other affected Lenders shall require the consent of such Defaulting Lender; (ii) each Lender is entitled to vote as such Lender sees fit on any bankruptcy reorganization plan that affects the Loans, and
each Lender acknowledges that the provisions of Section 1126(c) of the Bankruptcy Code of the United States supersedes the unanimous consent provisions set forth herein and (iii) the Required Lenders shall determine whether or not to allow
a Loan Party to use cash collateral in the context of a bankruptcy or insolvency proceeding and such determination shall be binding on all of the Lenders. 

(c)        Notwithstanding anything to the contrary herein, this
Agreement may be amended and restated without the consent of any Lender (but with the consent of the Borrower and the Administrative Agent) if, upon giving effect to such amendment and restatement, such Lender shall no longer be a party to this
Agreement (as so amended and restated), the Commitments of such Lender shall have terminated, such Lender shall have no other commitment or other obligation hereunder and shall have been paid in full all principal, interest and other amounts owing
to it or accrued for its account under this Agreement. 

(d)        Notwithstanding any provision herein to the contrary, and
except for those matters that may be addressed in an Extension Amendment or an Incremental Agreement without the requirement for additional consents pursuant to Section 2.16 or Section 2.17,
respectively, this Agreement may be amended with the written consent of the Required Lenders, the Administrative Agent and the Borrowers (i) to add one or more additional revolving credit or term loan facilities to this Agreement and to permit
the extensions of credit and all related obligations and liabilities arising in connection therewith from time to time outstanding to share ratably (or on a basis subordinated to the existing facilities hereunder) in the benefits of this Agreement
and the other Loan Documents with the obligations and liabilities from time to time outstanding in respect of the existing facilities hereunder, and (ii) in connection with the foregoing, to permit the Lenders providing such additional credit
facilities to participate in any required vote or action required to 

  
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be approved by the Required Lenders or by any other number, percentage or class of Lenders hereunder. 

(e)        Notwithstanding any provision herein to the contrary, if
the Administrative Agent and the Borrower acting together identify any ambiguity, omission, mistake, typographical error or other defect in any provision of this Agreement or any other Loan Document (including the schedules and exhibits thereto),
then the Administrative Agent and the Borrower shall be permitted to amend, modify or supplement such provision to cure such ambiguity, omission, mistake, typographical error or other defect, and such amendment shall become effective without any
further action or consent of any other party to this Agreement. 
 11.02    Notices;
Effectiveness; Electronic Communications. 

(a)        Notices Generally. Except in the case of notices and
other communications expressly permitted to be given by telephone (and except as provided in clause (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or
overnight courier service, mailed by certified or registered mail or sent by e-mail transmission as follows, and all notices and other communications expressly permitted hereunder to be given by telephone
shall be made to the applicable telephone number, as follows: 

(i)        if to the Borrower or any other Loan Party, the
Administrative Agent, any L/C Issuer or the Swingline Lender, to the address, e-mail address or telephone number specified for such Person on Schedule 1.01(a); and 

(ii)        if to any other Lender, to the address, e-mail address or telephone number specified in its Administrative Questionnaire (including, as appropriate, notices delivered solely to the Person designated by a Lender on its Administrative Questionnaire then in
effect for the delivery of notices that may contain material non-public information relating to the Borrower). 

Notices and other communications sent by hand or overnight courier service, or mailed by certified or
registered mail, shall be deemed to have been given when received. Notices and other communications delivered through electronic communications to the extent provided in clause (b) below shall be effective as provided in such
clause (b). 
 (b)        Electronic
Communications. 
 (i)        Notices and other communications
to the Administrative Agent, the Lenders, the Swingline Lender and the L/C Issuers hereunder may be delivered or furnished by electronic communication (including e-mail, FPML messaging, and Internet or
intranet websites) pursuant to an electronic communications agreement (or such other procedures approved by the Administrative Agent in its sole discretion); provided that the foregoing shall not apply to notices to any Lender, the Swingline
Lender or any L/C Issuer pursuant to Article II if such Lender, the Swingline Lender or such L/C Issuer, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under such Article II
by electronic communication. The Administrative Agent, the Swingline Lender, any L/C Issuer or the Borrower may each, in its discretion, agree to accept notices and other communications to it hereunder by electronic communications pursuant to
procedures approved by it, provided that approval of such procedures may be limited to particular notices or communications. 

(ii)        Unless the Administrative Agent otherwise prescribes,
(A) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s 

  
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receipt of an acknowledgment from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or
other written acknowledgement) and (B) notices and other communications posted to an Internet or intranet website shall be deemed received by the intended recipient upon the sender’s receipt of an acknowledgement from the intended
recipient (such as by the “return receipt requested” function, as available, return e-mail address or other written acknowledgement) indicating that such notice or communication is available and
identifying the website address therefor; provided that for both clauses (A) and (B), if such notice or other communication is not sent during the normal business hours of the recipient, such notice, email or
communication shall be deemed to have been sent at the opening of business on the next Business Day for the recipient. 

(c)        The Platform. THE PLATFORM IS PROVIDED “AS
IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE
BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM
VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”)
have any liability to the Borrower, any Lender, any L/C Issuer or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of the Borrower’s, any Loan Party’s or
the Administrative Agent’s transmission of Borrower Materials or notices through the Platform, any other electronic platform or electronic messaging service, or through the Internet. 

(d)        Change of Address, Etc. Each of the Borrower, the
Administrative Agent, each L/C Issuer and the Swingline Lender may change its address or telephone number or e-mail address for notices and other communications hereunder by notice to the other parties hereto.
Each other Lender may change its address or telephone number or e-mail address for notices and other communications hereunder by notice to the Borrower, the Administrative Agent, each L/C Issuer and the
Swingline Lender. In addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address, contact name, telephone number and e-mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender. 

(e)        Reliance by Administrative Agent, L/C Issuers
and Lenders. The Administrative Agent, the L/C Issuers and the Lenders shall be entitled to rely and act upon any notices (including, without limitation, telephonic or electronic notices, Loan Notices, Letter of Credit Applications,
Notice of Loan Prepayment and Swingline Loan Notices) purportedly given by or on behalf of any Loan Party even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of
notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Loan Parties shall indemnify the Administrative Agent, each L/C Issuer, each Lender and the Related Parties of each of
them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of a Loan Party. All telephonic notices to and other telephonic communications with the Administrative
Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording. 

  
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 11.03    No Waiver; Cumulative Remedies;
Enforcement. 
 (a)        No failure by any Lender, any L/C
Issuer or the Administrative Agent to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder or under any other Loan Document shall operate as a waiver thereof; nor shall any single or partial
exercise of any right, remedy, power or privilege hereunder or under any other Loan Document preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges
herein provided, and provided under each other Loan Document, are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law. 

(b)        Notwithstanding anything to the contrary contained herein
or in any other Loan Document, the authority to enforce rights and remedies hereunder and under the other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings at law in connection
with such enforcement shall be instituted and maintained exclusively by, the Administrative Agent in accordance with Section 8.02 for the benefit of all the Lenders and the L/C Issuers; provided, however, that
the foregoing shall not prohibit (a) the Administrative Agent from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan Documents,
(b) any L/C Issuer or the Swingline Lender from exercising the rights and remedies that inure to its benefit (solely in its capacity as an L/C Issuer or Swingline Lender, as the case may be) hereunder and under the other Loan Documents,
(c) any Lender from exercising setoff rights in accordance with Section 11.08 (subject to the terms of Section 2.13), or (d) any Lender from filing proofs of claim or appearing and filing
pleadings on its own behalf during the pendency of a proceeding relative to any Loan Party under any Debtor Relief Law; and provided, further, that if at any time there is no Person acting as Administrative Agent hereunder and under
the other Loan Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to the Administrative Agent pursuant to Section 8.02 and (ii) in addition to the matters set forth in clauses
(b), (c) and (d) of the preceding proviso and subject to Section 2.13, any Lender may, with the consent of the Required Lenders, enforce any rights and remedies available to it and as
authorized by the Required Lenders. 
 11.04    Expenses; Indemnity; Damage Waiver.

 (a)        Costs and Expenses. The Loan Parties shall
pay (i) all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent and its Affiliates (including the reasonable and documented fees,
charges and disbursements of a single law firm as primary counsel and one local counsel in each relevant jurisdiction, in each case, for the Administrative Agent and Arranger, taken as a whole), in connection with the syndication of the credit
facilities provided for herein, the preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the
transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable and documented out-of-pocket expenses incurred by the L/C Issuers in connection
with the issuance, amendment, extension, reinstatement or renewal of any Letter of Credit or any demand for payment thereunder and (iii) all out-of-pocket expenses
incurred by the Administrative Agent, any Lender or any L/C Issuer (including the fees, charges and disbursements of any counsel for the Administrative Agent, any Lender or any L/C Issuer), in connection with the enforcement or protection of its
rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section 11.04, or (B) in connection with Loans made or Letters of Credit issued hereunder, including all
such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit. 

  
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(b)        Indemnification by the Loan Parties. The Loan
Parties shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an
“Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the reasonable and documented fees, charges and disbursements of a single law
firm chosen by the Administrative Agent for all such Indemnitees, taken together, and of one local counsel in each appropriate jurisdiction (which may include a single law firm as special or local counsel acting in multiple jurisdictions), except
that in the case where an Indemnitee determines in good faith that a conflict of interest does or may exist in connection with such legal representation and such Indemnitee advises the Borrower of such conflict and engages its own separate counsel,
the reasonable and documented fees, charges and disbursements of such separate counsel shall also be paid or reimbursed), incurred by any Indemnitee or asserted against any Indemnitee by any Person (including the Borrower or any other Loan Party)
arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their
respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related
Parties only, the administration of this Agreement and the other Loan Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds
therefrom (including any refusal by any L/C Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or
alleged presence or Release of Hazardous Materials on or from any property owned, leased or operated by a Loan Party or any of its Subsidiaries, or any Environmental Liability related in any way to a Loan Party or any of its Subsidiaries, or
(iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrower or any other Loan Party,
and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are determined
by a court of competent jurisdiction by final and non-appealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or (y) result from a claim brought by the
Borrower or any other Loan Party against an Indemnitee for a material breach of such Indemnitee’s obligations hereunder or under any other Loan Document, if the Borrower or such Loan Party has obtained a final and
non-appealable judgment in its favor on such claim as determined by a court of competent jurisdiction. Without limiting the provisions of Section 3.01(d), this
Section 11.04(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. 

(c)        Reimbursement by Lenders. To the extent that the
Loan Parties for any reason fail to indefeasibly pay any amount required under clauses (a) or (b) of this Section 11.04 to be paid by it to the Administrative Agent (or any sub-agent thereof), any L/C Issuer, the Swingline Lender or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such
sub-agent), any L/C Issuer, the Swingline Lender or such Related Party, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity
payment is sought based on each Lender’s share of the Total Credit Exposure at such time) of such unpaid amount (including any such unpaid amount in respect of a claim asserted by such Lender), such payment to be made severally among them based
on such Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought), provided, that the unreimbursed expense or indemnified loss, claim, damage, liability or related
expense, as the case may be, was incurred by or asserted 

  
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against the Administrative Agent (or any such sub-agent), such L/C Issuer or the Swingline Lender in its capacity as such, or against any Related Party of
any of the foregoing acting for the Administrative Agent (or any such sub-agent), such L/C Issuer or the Swingline Lender in connection with such capacity. The obligations of the Lenders under this clause
(c) are subject to the provisions of Section 2.12(d). 

(d)        Waiver of Consequential Damages, Etc. To the fullest
extent permitted by Applicable Law, no Loan Party shall assert, and each Loan Party hereby waives, and acknowledges that no other Person shall have, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential
or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or
thereby, any Loan or Letter of Credit or the use of the proceeds thereof. No Indemnitee referred to in clause (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other
materials distributed to such unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated
hereby or thereby other than for direct or actual damages resulting from the gross negligence, bad faith or willful misconduct of such Indemnitee as determined by a final and non-appealable judgment of a court
of competent jurisdiction. 
 (e)        Payments. All
amounts due under this Section 11.04 shall be payable not later than ten (10) Business Days after demand therefor. 

(f)        Survival. The agreements in this
Section 11.04 and the indemnity provisions of Section 11.02(e) shall survive the resignation of the Administrative Agent, the L/C Issuers and the Swingline Lender, the replacement of any Lender,
the termination of the Aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations. 

11.05    Payments Set Aside. 

To the extent that any payment by or on behalf of the Borrower is made to the Administrative Agent, any L/C Issuer or any
Lender, or the Administrative Agent, any L/C Issuer or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or
required (including pursuant to any settlement entered into by the Administrative Agent, such L/C Issuer or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor
Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had
not occurred, and (b) each Lender and each L/C Issuer severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by the Administrative Agent, plus
interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Rate from time to time in effect. The obligations of the Lenders and the L/C Issuers under clause (b) of the
preceding sentence shall survive the payment in full of the Obligations and the termination of this Agreement. 

11.06    Successors and Assigns. 

(a)        Successors and Assigns Generally. The provisions of
this Agreement and the other Loan Documents shall be binding upon and inure to the benefit of the parties hereto and thereto and their respective successors and assigns permitted hereby, except neither the Borrower nor any other Loan Party may
assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender and no Lender may assign 

  
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or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of Section 11.06(b), (ii) by way
of participation in accordance with the provisions of Section 11.06(d), or (iii) by way of pledge or assignment of a security interest subject to the restrictions of
Section 11.06(e) (and any other attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than
the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in Section 11.06(d) and, to the extent expressly contemplated hereby, the Related Parties of each of
the Administrative Agent, the L/C Issuers and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b)        Assignments by Lenders. Any Lender may at any time
assign to one or more assignees all or a portion of its rights and obligations under this Agreement and the other Loan Documents (including all or a portion of its Commitment(s) and the Loans (including for purposes of this clause (b),
participations in L/C Obligations and in Swingline Loans) at the time owing to it); provided that (in each case with respect to any Facility) any such assignment shall be subject to the following conditions: 

(i)        Minimum Amounts. 

(A)        in the case of an assignment of the entire remaining
amount of the assigning Lender’s Commitment under any Facility and/or the Loans at the time owing to it (in each case with respect to any Facility) or contemporaneous assignments to related Approved Funds (determined after giving effect to such
assignments) that equal at least the amount specified in clause (b)(i)(B) of this Section 11.06 in the aggregate or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no
minimum amount need be assigned; and 
 (B)        in any case not
described in clause (b)(i)(A) of this Section 11.06, the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the Commitment is not then in effect, the
principal outstanding balance of the Loans of the assigning Lender subject to each such assignment, determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade
Date” is specified in the Assignment and Assumption, as of the Trade Date, shall not be less than $10,000,000, in the case of any assignment in respect of the Revolving Facility, or $5,000,000, in the case of any assignment in respect of the
Term Facility, unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed). 

(ii)        Proportionate Amounts. 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 and the other Loan Documents with respect to the Loans and/or the Commitment assigned, except that this clause
(b)(ii) shall not apply to the Swingline Lender’s rights and obligations in respect of Swingline Loans. 

(iii)        Required Consents. No consent shall be required
for any assignment except to the extent required by clause (b)(i)(B) of this Section 11.06 and, in addition: 

(A)        the consent of the Borrower (such consent not to be
unreasonably withheld or delayed) shall be required unless (1) an Event of Default has occurred 

  
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and is continuing at the time of such assignment or (2) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; provided that the consent of the Borrower shall
be required for any assignment or participation made to a Disqualified Lender; provided further, the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to
the Administrative Agent within ten (10) Business Days after having received notice thereof; 

(B)        the consent of the Administrative Agent (such consent not
to be unreasonably withheld or delayed) shall be required for assignments in respect of (1) any unfunded Term Commitment, Incremental Term Commitment or any Revolving Commitment if such assignment is to a Person that is not a Lender with a
Commitment in respect of the applicable Facility, an Affiliate of such Lender or an Approved Fund with respect to such Lender or (2) any Term Loan or Incremental Term Loan to a Person that is not a Lender, an Affiliate of a Lender or an
Approved Fund; and 
 (C)        the consent of each L/C Issuer and
the Swingline Lender shall be required for any assignment in respect of the Revolving Facility. 

(iv)        Assignment and Assumption. The parties to each
assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee in the amount of $3,500; provided, however, that the Administrative Agent may, in its sole
discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire. 

(v)        No Assignment to Certain Persons. No such
assignment shall be made (A) to the Borrower or any of the Borrower’s Affiliates or Subsidiaries, (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of
the foregoing Persons described in this clause (B), (C) to a natural Person (or a holding company, investment vehicle or trust for, or owned and operated by or for the primary benefit of a natural person) or (D) any Disqualified
Institution as provided in Section 11.06(g). 

(vi)        Certain Additional Payments. In connection with
any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such
additional payments to the Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or
sub-participations, or other compensating actions, including funding, with the consent of the Borrower and the Administrative Agent, the applicable pro rata share of Loans previously requested but not funded
by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (A) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent, any L/C Issuer
or any Lender hereunder (and interest accrued thereon) and (B) acquire (and fund as appropriate) its full pro rata share of all Loans and participations in Letters of Credit and Swingline Loans in accordance with its Applicable Percentage.
Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under Applicable Law without compliance with the provisions of this

  
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clause (b)(vi), then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs. 

(vii)        Subject to acceptance and recording thereof by the
Administrative Agent pursuant to Section 11.06(c), from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the
interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and Assumption, be released
from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to
be entitled to the benefits of Sections 3.01, 3.04, 3.05 and 11.04 with respect to facts and circumstances occurring prior to the effective date of such assignment); provided, that except to the extent otherwise
expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. Upon written request, the
Borrower (at its expense) shall execute and deliver a Note to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this clause (b) shall be treated for
purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with Section 11.06(d). 

(c)        Register. The Administrative Agent, acting solely
for this purpose as a non-fiduciary agent of the Borrower (and such agency being solely for Tax purposes), shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption
delivered to it (or the equivalent thereof in electronic form) 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 and L/C Obligations owing
to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive, absent manifest error, and the Borrower, the Administrative Agent and the Lenders shall treat
each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement. 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. 

(d)        Participations. 

(i)        Any Lender may at any time, without the consent of, or
notice to, the Borrower or the Administrative Agent, sell participations to any Person (other than a natural Person, or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of a natural Person, a
Defaulting Lender, a Disqualified Institution (as provided in Section 11.06(g)) or the Borrower or any of the Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion
of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment and/or the Loans (including such Lender’s participations in L/C Obligations and/or Swingline Loans) owing to it); provided
that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and 

(ii)        the Borrower, the Administrative Agent, the Lenders and
the L/C Issuers shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. For the avoidance of doubt, each 

  
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Lender shall be responsible for the indemnity under Section 11.04(c) without regard to the existence of any participations. 

(iii)        Any agreement or instrument pursuant to which a Lender
sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or
instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification described in the first proviso to Section 11.01 that affects such Participant.
The Borrower agrees that each Participant shall be entitled to the benefits of Sections 3.01, 3.04 and 3.05 (subject to the requirements and limitations therein, including the requirements under
Section 3.01(e) (it being understood that the documentation required under Section 3.01(e) shall be delivered to the Lender who sells the participation)) to the same extent as if it
were a Lender and had acquired its interest by assignment pursuant to clause (b) of this Section 11.06; provided that such Participant (A) agrees to be subject to the provisions of
Sections 3.06 and 11.13 as if it were an assignee under clause (b) of this Section 11.06 and (B) shall not be entitled to receive any greater payment under Sections
3.01 or 3.04, with respect to any participation, than the Lender from whom it acquired the applicable participation would have been entitled to receive, except to the extent such entitlement to receive a greater payment results from a
Change in Law that occurs after the Participant acquired the applicable participation. Each Lender that sells a participation agrees, at the Borrower’s request and expense, to use reasonable efforts to cooperate with the Borrower to effectuate
the provisions of Section 3.06 with respect to any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 11.08 as though it were a Lender;
provided that such Participant agrees to be subject to Section 2.13 as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as a
non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the
Loans or other obligations under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of
any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to
establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103–1(c) of the United States Treasury Regulations and Section 1.163-5(b) of the
United States Proposed Treasury Regulations (or any amended, finalized or successor version). The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the
Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no
responsibility for maintaining a Participant Register. 

(e)        Certain Pledges. Any Lender may at any time pledge
or assign a security interest in all or any portion of its rights under this Agreement (including under its Note or Notes, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve
Bank; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto. 

(f)        Resignation as L/C Issuer or Swingline Lender after
Assignment. Notwithstanding anything to the contrary contained herein, if at any time any L/C Issuer or the Swingline Lender 

  
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assigns all of its Revolving Commitment and Revolving Loans pursuant to clause (b) above, such L/C Issuer or the Swingline Lender may, (i) upon thirty (30) days’
notice to the Administrative Agent, the Borrower and the Lenders, resign as an L/C Issuer and/or (ii) upon thirty (30) days’ notice to the Borrower, resign as Swingline Lender. In the event of any such resignation as an L/C Issuer or
Swingline Lender, the Borrower shall be entitled to appoint from among the Lenders a successor L/C Issuer or Swingline Lender hereunder; provided, however, that no failure by the Borrower to appoint any such successor shall affect the
resignation of the applicable L/C Issuer or the Swingline Lender as an L/C Issuer or Swingline Lender, as the case may be. If Bank of America resigns as an L/C Issuer, it shall retain all the rights, powers, privileges and duties of an L/C Issuer
hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as an L/C Issuer and all L/C Obligations with respect thereto (including the right to require the Lenders to make Base Rate Loans or fund risk
participations in Unreimbursed Amounts pursuant to Section 2.03(f)). If Bank of America resigns as a Swingline Lender, it shall retain all the rights of the Swingline Lender provided for hereunder with respect
to Swingline Loans made by it and outstanding as of the effective date of such resignation, including the right to require the Lenders to make Base Rate Loans or fund risk participations in outstanding Swingline Loans pursuant to
Section 2.04(c). Upon the appointment of a successor L/C Issuer and/or Swingline Lender, (A) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the
retiring L/C Issuer or Swingline Lender, as the case may be, and (B) the successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements
satisfactory to the applicable retiring L/C Issuer to effectively assume the obligations of the applicable retiring L/C Issuer with respect to such Letters of Credit. 

(g)        Disqualified Institutions. 

(i)        No assignment or, to the extent the DQ List has been
posted on the Platform for all Lenders, participation shall be made to any Person that was a Disqualified Institution as of the date (the “Trade Date”) on which the applicable Lender entered into a binding agreement to sell
and assign or participate all or a portion of its rights and obligations under this Agreement to such Person (unless the Borrower has consented to such assignment or participation as otherwise contemplated by this
Section 11.06, in which case such Person will not be considered a Disqualified Institution for the purpose of such assignment or participation). For the avoidance of doubt, with respect to any assignee or participant that
becomes a Disqualified Institution after the applicable Trade Date (including as a result of the delivery of a notice pursuant to, and/or the expiration of the notice period referred to in, the definition of “Disqualified Institution”),
such assignee shall not retroactively be considered a Disqualified Institution. Any assignment in violation of this clause (g)(i) shall not be void, but the other provisions of this clause (g) shall apply. 

(ii)        If any assignment is made to any Disqualified Institution
without the Borrower’s prior consent in violation of clause (i) above, the Borrower may, at its sole expense and effort, upon notice to the applicable Disqualified Institution and the Administrative Agent, (A) terminate any
Revolving Commitment of such Disqualified Institution and repay all obligations of the Borrower owing to such Disqualified Institution in connection with such Revolving Commitment, (B) in the case of outstanding Term Loans held by Disqualified
Institutions, prepay such Term Loan by paying the lesser of (1) the principal amount thereof and (2) the amount that such Disqualified Institution paid to acquire such Term Loans, in each case plus accrued interest, accrued
fees and all other amounts (other than principal amounts) payable to it hereunder and under the other Loan Documents and/or (C) require such Disqualified Institution to assign and delegate, without recourse (in accordance with and subject to
the restrictions contained in this Section 11.06), 

  
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all of its interest, rights and obligations under this Agreement and related Loan Documents to an Eligible Assignee that shall assume such obligations at the lesser of (1) the
principal amount thereof and (2) the amount that such Disqualified Institution paid to acquire such interests, rights and obligations, in each case plus accrued interest, accrued fees and all other amounts (other than principal amounts)
payable to it hereunder and other the other Loan Documents; provided, that, (x) the Borrower shall have paid to the Administrative Agent the assignment fee (if any) specified in Section 11.06(b), (y) such
assignment does not conflict with Applicable Laws and (z) in the case of clause (B), the Borrower shall not use the proceeds from any Loans to prepay Term Loans held by Disqualified Institutions. 

(iii)        Notwithstanding anything to the contrary contained in
this Agreement, Disqualified Institutions (A) will not (1) have the right to receive information, reports or other materials provided to Lenders by the Borrower, the Administrative Agent or any other Lender, (2) attend or participate
in meetings attended by the Lenders and the Administrative Agent, or (3) access any electronic site established for the Lenders or confidential communications from counsel to or financial advisors of the Administrative Agent or the Lenders and
(B) (1) for purposes of any consent to any amendment, waiver or modification of, or any action under, and for the purpose of any direction to the Administrative Agent or any Lender to undertake any action (or refrain from taking any action)
under this Agreement or any other Loan Document, each Disqualified Institution will be deemed to have consented in the same proportion as the Lenders that are not Disqualified Institutions consented to such matter, and (2) for purposes of
voting on any plan of reorganization or plan of liquidation pursuant to any Debtor Relief Laws (“Plan of Reorganization”), each Disqualified Institution party hereto hereby agrees (I) not to vote on such Plan of
Reorganization, (II) if such Disqualified Institution does vote on such Plan of Reorganization notwithstanding the restriction in the foregoing clause (I), such vote will be deemed not to be in good faith and shall be
“designated” pursuant to Section 1126(e) of the Bankruptcy Code (or any similar provision in any other Debtor Relief Laws), and such vote shall not be counted in determining whether the applicable class has accepted or rejected such
Plan of Reorganization in accordance with Section 1126(c) of the Bankruptcy Code (or any similar provision in any other Debtor Relief Laws) and (III) not to contest any request by any party for a determination by the bankruptcy court (or
other applicable court of competent jurisdiction) effectuating the foregoing clause (II). 

(iv)        The Administrative Agent shall have the right, and the
Borrower hereby expressly authorizes the Administrative Agent, to (A) post the list of Disqualified Institutions provided by the Borrower and any updates thereto from time to time (collectively, the “DQ List”) on the
Platform or (B) provide the DQ List to each Lender requesting the same. 
 11.07    Treatment
of Certain Information; Confidentiality. 

(a)        Treatment of Certain Information. Each of the
Administrative Agent, the Lenders and the L/C Issuers agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (i) to its Affiliates, its auditors and its Related Parties (it being
understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed to keep such Information confidential), (ii) to the extent required or requested by any regulatory authority
purporting to have jurisdiction over such Person or its Related Parties (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (iii) to the extent required by Applicable Laws or regulations or by any
subpoena or similar legal process, (iv) to any other party hereto, (v) in connection with the exercise of any remedies hereunder or under any other Loan Document or any 

  
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action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (vi) subject to an agreement containing provisions
substantially the same as those of this Section 11.07, to (A) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights and obligations under this Agreement or any Eligible
Assignee invited to be a Lender pursuant to Section 2.17(b) or (B) any actual or prospective party (or its Related Parties) to any swap, derivative or other transaction under which payments are to
be made by reference to the Borrower and its obligations, this Agreement or payments hereunder (it being understood that the DQ List may be disclosed to any assignee or Participant, or prospective assignee or Participant, in reliance on this
clause (vi)), (vii) on a confidential basis to (A) any rating agency in connection with rating the Borrower or its Subsidiaries or the credit facilities provided hereunder or (B) the provider of any Platform or other electronic
delivery service used by the Administrative Agent, any L/C Issuer and/or the Swingline Lender to deliver Borrower Materials or notices to the Lenders or (viii) the CUSIP Service Bureau or any similar agency in connection with the application,
issuance, publishing and monitoring of CUSIP numbers or other market identifiers with respect to the credit facilities provided hereunder, or (ix) with the consent of the Borrower or to the extent such Information (x) becomes publicly
available other than as a result of a breach of this Section 11.07, (xi) becomes available to the Administrative Agent, any Lender, any L/C Issuer or any of their respective Affiliates on a nonconfidential basis from a
source other than the Borrower or (xii) is independently discovered or developed by a party hereto without utilizing any Information received from the Borrower or violating the terms of this Section 11.07. For purposes
of this Section 11.07, “Information” means all information received from the Borrower or any Subsidiary relating to Holdings, the Borrower or any Subsidiary or any of their respective businesses,
other than any such information that is available to the Administrative Agent, any Lender or any L/C Issuer on a nonconfidential basis prior to disclosure by the Borrower or any Subsidiary, provided that, in the case of information received
from the Borrower or any Subsidiary after the date hereof, such information shall be deemed confidential unless clearly identified as non-confidential by the Borrower, but shall remain subject to the other
provisions set forth in this Section 11.07. Any Person required to maintain the confidentiality of Information as provided in this Section 11.07 shall be considered to have complied with its
obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information. In addition, the Administrative Agent and the Lenders may
disclose the existence of this Agreement and information about this Agreement to market data collectors, similar service providers to the lending industry and service providers to the Administrative Agent and the Lenders in connection with the
administration of this Agreement, the other Loan Documents and the Commitments. 

(b)        Non-Public
Information. Each of the Administrative Agent, the Lenders and the L/C Issuers acknowledges that (i) the Information may include material non-public information concerning a Loan Party or a
Subsidiary, as the case may be, (ii) it has developed compliance procedures regarding the use of material non-public information and (iii) it will handle such material
non-public information in accordance with Applicable Law, including United States federal and state securities Laws. 

(c)        Press Releases. The Loan Parties and their
Affiliates agree that they will not in the future issue any press releases or other public disclosure using the name of the Administrative Agent or any Lender or their respective Affiliates or referring to this Agreement or any of the Loan Documents
without the prior written consent of the Administrative Agent, unless (and only to the extent that) the Loan Parties or such Affiliate is required to do so under law and then, in any event the Loan Parties or such Affiliate will consult with such
Person before issuing such press release or other public disclosure. 

  
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(d)        Customary Advertising Material. The Loan Parties
consent to the publication by the Administrative Agent or any Lender of customary advertising material relating to the transactions contemplated hereby using the name, product photographs, logo or trademark of the Loan Parties. 

11.08    Right of Setoff. 

If an Event of Default shall have occurred and be continuing, each Lender, each L/C Issuer and each of their respective
Affiliates is hereby authorized at any time and from time to time, after obtaining the prior written consent of the Required Lenders, to the fullest extent permitted by Applicable Law to set off and apply any and all deposits (general or special,
time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender, such L/C Issuer or any such Affiliate to or for the credit or the account of the Borrower or
any other Loan Party against any and all of the obligations of the Borrower or such Loan Party now or hereafter existing under this Agreement or any other Loan Document to such Lender, such L/C Issuer or such Affiliates, irrespective of whether or
not such Lender, such L/C Issuer or Affiliate shall have made any demand under this Agreement or any other Loan Document and although such obligations of the Borrower or such Loan Party may be contingent or unmatured, secured or unsecured, or are
owed to a branch, office or Affiliate of such Lender or such L/C Issuer different from the branch, office or Affiliate holding such deposit or obligated on such indebtedness; provided that in the event that any Defaulting Lender shall
exercise any such right of setoff, (a) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.15 and, pending such
payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent, the L/C Issuers and the Lenders, and (b) the Defaulting Lender shall provide promptly to the
Administrative Agent a statement describing in reasonable detail the Secured Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender, each L/C Issuer and their respective Affiliates under
this Section 11.08 are in addition to other rights and remedies (including other rights of setoff) that such Lender, such L/C Issuer or their respective Affiliates may have under Applicable Law. Each Lender and each L/C
Issuer agrees to notify the Borrower and the Administrative Agent promptly after any such setoff and application, provided that the failure to give such notice shall not affect the validity of such setoff and application. 

11.09    Interest Rate Limitation. 

Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid under the Loan
Documents, together with all fees, charges and other amounts which are treated as interest on such Loans under Applicable Law, shall not exceed the maximum rate of non-usurious interest permitted by Applicable
Law (the “Maximum Rate”). If the Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such
unpaid principal, refunded to the Borrower. In determining whether the interest contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by Applicable Law,
(a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal
parts the total amount of interest throughout the contemplated term of the Obligations hereunder. 

11.10    Counterparts; Integration; Effectiveness. 

This Agreement and each of the other Loan Documents may be executed in counterparts (and by different parties hereto in
different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement, the other Loan Documents, and any separate letter agreements with respect to fees payable
to the Administrative Agent or any L/C Issuer, 

  
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constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject
matter hereof. Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof
that, when taken together, bear the signatures of each of the other parties hereto. Delivery of an executed counterpart of a signature page of this Agreement or any other Loan Document, or any certificate delivered thereunder, by e-mail transmission (e.g., “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Agreement or such other Loan Document or certificate. Without
limiting the foregoing, to the extent a manually executed counterpart is not specifically required to be delivered under the terms of any Loan Document, upon the request of any party, such e-mail transmission
shall be promptly followed by such manually executed counterpart. 
 11.11    Survival of
Representations and Warranties. 
 All representations and warranties made hereunder and in any other Loan Document
or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been or will be relied upon by the Administrative
Agent and each Lender, regardless of any investigation made by the Administrative Agent or any Lender or on their behalf and notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge of any Default at the time of
any Credit Extension, and shall continue in full force and effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding. 

11.12    Severability. 

If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, (a) the
legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal,
invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity of a provision in a particular jurisdiction shall not
invalidate or render unenforceable such provision in any other jurisdiction. Without limiting the foregoing provisions of this Section 11.12, if and to the extent that the enforceability of any provisions in this Agreement
relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the Administrative Agent, any L/C Issuer or the Swingline Lender, as applicable, then such provisions shall be deemed to be in effect only to the
extent not so limited. 
 11.13    Replacement of Lenders. 

(a)        If the Borrower is entitled to replace a Lender pursuant to
the provisions of Section 3.06, or if any Lender is a Defaulting Lender or a Non-Consenting Lender or if any other circumstance exists hereunder that gives the Borrower the right to
replace a Lender as a party hereto, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the
restrictions contained in, and consents required by, Section 11.06), all of its interests, rights (other than its existing rights to payments pursuant to Sections 3.01 and 3.04) and obligations under this
Agreement and the related Loan Documents to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided that: 

(i)        the Borrower shall have paid to the Administrative Agent
the assignment fee (if any) specified in Section 11.06(b); 

  
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 (ii)        such
Lender shall have received payment of an amount equal to 100% of the outstanding principal of its Loans and L/C Advances, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents
(including any amounts under Section 3.05) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts); 

(iii)        in the case of any such assignment resulting from a
claim for compensation under Section 3.04 or payments required to be made pursuant to Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter; 

(iv)        such assignment does not conflict with Applicable Laws;
and 
 (v)        in the case of an assignment resulting from a
Lender becoming a Non-Consenting Lender, the applicable assignee shall have consented to the applicable amendment, waiver or consent. 

(b)        A Lender shall not be required to make any such assignment
or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply. 

(c)        Each party hereto agrees that (i) an assignment
required pursuant to this Section 11.13 may be effected pursuant to an Assignment and Assumption executed by the Borrower, the Administrative Agent and the assignee and (ii) the Lender required to make such assignment
need not be a party thereto in order for such assignment to be effective and shall be deemed to have consented to and be bound by the terms thereof; provided, that, following the effectiveness of any such assignment, the other parties to such
assignment agree to execute and deliver such documents necessary to evidence such assignment as reasonably requested by the applicable Lender, provided further that any such documents shall be without recourse to or warranty by the parties
thereto. 
 (d)        Notwithstanding anything in this
Section 11.13 to the contrary, (A) any Lender that acts as an L/C Issuer may not be replaced hereunder at any time it has any Letter of Credit outstanding hereunder unless arrangements satisfactory to such Lender
(including the furnishing of a backstop standby letter of credit in form and substance, and issued by an issuer, reasonably satisfactory to such L/C Issuer or the depositing of Cash Collateral into a Cash Collateral account in amounts and pursuant
to arrangements reasonably satisfactory to such L/C Issuer) have been made with respect to such outstanding Letter of Credit and (B) the Lender that acts as the Administrative Agent may not be replaced hereunder except in accordance with the
terms of Section 9.06. 
 11.14    Governing Law; Jurisdiction; Etc.

 (a)        GOVERNING LAW. THIS AGREEMENT AND THE OTHER
LOAN DOCUMENTS (EXCEPT, AS TO ANY OTHER LOAN DOCUMENT, AS EXPRESSLY SET FORTH THEREIN) AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY
OTHER LOAN DOCUMENT (EXCEPT, AS TO ANY OTHER LOAN DOCUMENT, AS EXPRESSLY SET FORTH THEREIN) AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 

  
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(b)        SUBMISSION TO JURISDICTION. THE BORROWER AND EACH
OTHER LOAN PARTY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT IT WILL NOT COMMENCE ANY ACTION, LITIGATION OR PROCEEDING OF ANY KIND OR DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN CONTRACT OR IN TORT OR OTHERWISE, AGAINST THE ADMINISTRATIVE
AGENT, ANY LENDER, THE L/C ISSUER, OR ANY RELATED PARTY OF THE FOREGOING IN ANY WAY RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS RELATING HERETO OR THERETO, IN ANY FORUM OTHER THAN THE COURTS OF THE STATE OF NEW YORK
SITTING IN NEW YORK COUNTY AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, AND ANY APPELLATE COURT FROM ANY THEREOF, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH
COURTS AND AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION, LITIGATION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT. EACH OF THE PARTIES
HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION, LITIGATION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER
LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT, ANY LENDER OR THE L/C ISSUER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST THE BORROWER OR ANY OTHER LOAN PARTY
OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 

(c)        WAIVER OF VENUE. THE BORROWER AND EACH OTHER LOAN
PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY
OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN CLAUSE (b) OF THIS SECTION 11.14. THE BORROWER AND EACH OTHER LOAN PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT. 

(d)        SERVICE OF PROCESS. EACH PARTY HERETO IRREVOCABLY
CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 11.02. NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW. 

11.15    Waiver of Jury Trial. 

EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A
TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY
HERETO (a) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE

  
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FOREGOING WAIVER AND (b) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL
WAIVERS AND CERTIFICATIONS IN THIS SECTION 11.15. 

11.16    Subordination. 

Each Loan Party (a “Subordinating Loan Party”) hereby subordinates the payment of all obligations and
indebtedness of any other Loan Party owing to it, whether now existing or hereafter arising, including but not limited to any obligation of any such other Loan Party to the Subordinating Loan Party as subrogee of the Secured Parties or resulting
from such Subordinating Loan Party’s performance under this Guaranty, to the indefeasible payment in full in cash of all Obligations (other than contingent indemnification obligations as to which no claims have been asserted) . If the Secured
Parties so request, any such obligation or indebtedness of any such other Loan Party to the Subordinating Loan Party shall be enforced and performance received by the Subordinating Loan Party as trustee for the Secured Parties and the proceeds
thereof shall be paid over to the Secured Parties on account of the Secured Obligations, but without reducing or affecting in any manner the liability of the Subordinating Loan Party under this Agreement. Without limitation of the foregoing, so long
as no Default has occurred and is continuing, the Loan Parties may make and receive payments with respect to Intercompany Debt; provided, that in the event that any Loan Party receives any payment of any Intercompany Debt at a time when such
payment is prohibited by this Section 11.16, such payment shall be held by such Loan Party, in trust for the benefit of, and shall be paid forthwith over and delivered, upon written request, to the Administrative Agent.

 11.17    No Advisory or Fiduciary Responsibility. 

In connection with all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or
other modification hereof or of any other Loan Document), the Borrower and each other Loan Party acknowledges and agrees, and acknowledges its Affiliates’ understanding, that: (a)(i) the arranging and other services regarding this Agreement
provided by the Administrative Agent and any Affiliate thereof, the Arranger and the Lenders are arm’s-length commercial transactions between the Borrower, each other Loan Party and their respective
Affiliates, on the one hand, and the Administrative Agent and, as applicable, its Affiliates, the Arranger and the Lenders and their Affiliates (collectively, solely for purposes of this Section 11.17, the
“Lenders”), on the other hand, (ii) each of the Borrower and the other Loan Parties has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (iii) the
Borrower and each other Loan Party is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (b) (i) the Administrative Agent and its
Affiliates, the Arranger and each Lender each is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary, for the
Borrower, any other Loan Party or any of their respective Affiliates, or any other Person and (ii) neither the Administrative Agent, any of its Affiliates, the Arranger nor any Lender has any obligation to the Borrower, any other Loan Party or
any of their respective Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; and (c) the Administrative Agent and its Affiliates, the Arranger and
the Lenders may be engaged in a broad range of transactions that involve interests that differ from those of the Borrower, the other Loan Parties and their respective Affiliates, and neither the Administrative Agent, any of its Affiliates, the
Arranger nor any Lender has any obligation to disclose any of such interests to the Borrower, any other Loan Party or any of their respective Affiliates. To the fullest extent permitted by law, each of the Borrower and each other Loan Party hereby
waives and releases any claims that it may have against the Administrative Agent, any of its Affiliates, the Arranger or any Lender with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any
transactions contemplated hereby. 

  
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 11.18    Electronic Execution; Electronic
Records. 
 (a)        This Agreement and any document,
amendment, approval, consent, information, notice, certificate, request, statement, disclosure or authorization related to this Agreement (each a “Communication”), including Communications required to be in writing, may be in
the form of an Electronic Record and may be executed using Electronic Signatures. The Borrower agrees that any Electronic Signature on or associated with any Communication shall be valid and binding on each of the Loan Parties to the same extent as
a manual, original signature, and that any Communication entered into by Electronic Signature, will constitute the legal, valid and binding obligation of each of the Loan Parties enforceable against such in accordance with the terms thereof to the
same extent as if a manually executed original signature was delivered. Any Communication may be executed in as many counterparts as necessary or convenient, including both paper and electronic counterparts, but all such counterparts are one and the
same Communication. For the avoidance of doubt, the authorization under this paragraph may include, without limitation, use or acceptance by the Administrative Agent and each of the Lenders a manually signed paper Communication which has been
converted into electronic form (such as scanned into PDF format), or an electronically signed Communication converted into another format, for transmission, delivery and/or retention. The Administrative Agent and each of the Lenders may, at its
option, create one or more copies of any Communication in the form of an imaged Electronic Record (“Electronic Copy”), which shall be deemed created in the ordinary course of the such Person’s business, and destroy the
original paper document. All Communications in the form of an Electronic Record, including an Electronic Copy, shall be considered an original for all purposes, and shall have the same legal effect, validity and enforceability as a paper record.
Notwithstanding anything contained herein to the contrary, the Administrative Agent is under no obligation to accept an Electronic Signature in any form or in any format unless expressly agreed to by the Administrative Agent pursuant to procedures
approved by it; provided, further, without limiting the foregoing, (a) to the extent the Administrative Agent has agreed to accept such Electronic Signature, the Administrative Agent and each of the Lenders shall be entitled to rely on any such
Electronic Signature purportedly given by or on behalf of any Loan Party without further verification and (b) upon the request of the Administrative Agent or any Lender, any Electronic Signature shall be promptly followed by such manually
executed counterpart. For purposes hereof, “Electronic Record” and “Electronic Signature” shall have the meanings assigned to them, respectively, by 15 USC §7006, as it may be amended from time to time. 

(b)        The Borrower hereby acknowledges the receipt of a copy of
this Agreement and all other Loan Documents. The Administrative Agent and each Lender may, on behalf of the Borrower, create a microfilm or optical disk or other electronic image of this Agreement and any or all of the other Loan Documents. The
Administrative Agent and each Lender may store the electronic image of this Agreement and the other Loan Documents in its electronic form and then destroy the paper original as part of the Administrative Agent’s and each Lender’s normal
business practices, with the electronic image deemed to be an original and of the same legal effect, validity and enforceability as the paper originals. 

11.19    USA PATRIOT Act Notice. 

Each Lender that is subject to the Act (as hereinafter defined) and the Administrative Agent (for itself and not on behalf of
any Lender) hereby notifies the Borrower and the other Loan Parties that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107–56 (signed into law October 26, 2001)) (the “Act”), it is
required to obtain, verify and record information that identifies the Borrower and each other Loan Party, which information includes the name and address of the Borrower and each other Loan Party, information concerning its direct and indirect
holders of Equity Interests and other Persons exercising Control over it, and other information that will allow such Lender or the Administrative Agent, 

  
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as applicable, to identify the Borrower and each other Loan Party in accordance with the Act. The Borrower and each other Loan Party shall, promptly following a request by the Administrative
Agent or any Lender, provide all such other documentation and information that the Administrative Agent or such Lender requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering
rules and regulations, including the Act. 
 11.20    Acknowledgement and Consent to Bail-In of Affected Financial Institutions. 
 Solely to the extent
any Lender or L/C Issuer that is an Affected Financial Institution is a party to this Agreement and notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each
party hereto acknowledges that any liability of any Lender or L/C Issuer that is an 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: 

(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 Lender or L/C Issuer 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 undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of
ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or 

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

11.21    [Reserved]. 

11.22    Acknowledgement Regarding Any Supported QFCs. 

To the extent that the Loan Documents provide support, through a guarantee or otherwise, for any Swap Contract 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): 

(a)        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 

  
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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. 

(b)        As used in this Section 11.21,
the following terms have the following meanings: 
 “BHC Act Affiliate” of a party
means an “affiliate” (as such term is defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)) of such party. 

“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). 

“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. 

“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). 
 [REMAINDER OF PAGE INTENTIONALLY LEFT
BLANK.] 

  
 154 

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

					
	BORROWER:	  		  	 ZETA GLOBAL CORP.

			
		  		  	By:
                                         
                                     
		  		  	 Name:

		  		  	 Title:

 
  

  
 [Signature Page to Credit
Agreement] 

					
	 GUARANTORS:
	  		  	 ZETA GLOBAL HOLDINGS CORP.

			
		  		  	 By:
                                         
                                         
      

		  		  	 Name:

		  		  	 Title:

			
		  		  	 [***]

			
		  		  	 By:
                                         
                                         
      

		  		  	 Name:

		  		  	 Title:

			
		  		  	 [***]

			
		  		  	 By:
                                         
                                         
      

		  		  	 Name:

		  		  	 Title:

			
		  		  	 [***]

			
		  		  	 By:
                                         
                                         
      

		  		  	 Name:

		  		  	 Title:

			
		  		  	 [***]

			
		  		  	 By:
                                         
                                         
      

		  		  	 Name:

		  		  	 Title:

			
		  		  	 [***]

			
		  		  	 By:
                                         
                                         
      

		  		  	 Name:

		  		  	 Title:

					
		  	    	  	 [***]

			
		  		  	 By:
                                         
                                         
      

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		  		  	 [***]

			
		  		  	 By:
                                         
                                         
      

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		  		  	 Title:

			
		  		  	 [***]

			
		  		  	 By:
                                         
                                         
      

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		  		  	 Title:

			
		  		  	 [***]

			
		  		  	 By:
                                         
                                         
      

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		  		  	 Title:

			
		  		  	 [***]

			
		  		  	 By:
                                         
                                         
      

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		  		  	 Title:

			
		  		  	 [***]

			
		  		  	 By:
                                         
                                         
      

		  		  	 Name:

		  		  	 Title:

					
		  		  	 [***]

			
		  		  	 By:
                                         
                                         
      

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		  		  	 Title:

			
		  		  	 [***]

			
		  		  	 By:
                                         
                                         
      

		  		  	 Name:

		  		  	 Title:

			
		  		  	 [***]

			
		  		  	 By:
                                         
                                         
      

		  		  	 Name:

		  		  	 Title:

			
		  		  	 [***]

			
		  		  	 By:
                                         
                                         
      

		  		  	 Name:

		  		  	 Title:

 
			
	 BANK OF AMERICA, N.A.,

as Administrative Agent 

	
	By:
	 Name:
	 	
	 Title:
	 	

 
			
	 BANK OF AMERICA, N.A.,

as a Lender, L/C Issuer and Swingline Lender 

	
	By:
	 Name:
	 	
	 Title:
	 	

 
			
	 BARCLAYS BANK PLC,

as a Lender

	
	By:                                   
                                         
     
	 Name:
	 	
	 Title:
	 	

 
			
	 CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH

as a Lender

	
	By:                                   
                                         
    
	Name:	 	
	Title:	 	
	
	By:                                   
                                         
    
	Name:	 	
	Title:	 	

  
 [Signature Page to Credit
Agreement] 

 
			
	 MORGAN STANLEY SENIOR FUNDING, INC.,

as a Lender

	
	By:                                   
                                         
     
	 Name:
	 	
	 Title:

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