Document:

EX-10.2

 Exhibit 10.2 

EXECUTION VERSION 

SECOND AMENDMENT TO TERM LOAN AGREEMENT AND FIRST AMENDMENT TO 

PLEDGE AGREEMENT 

This SECOND AMENDMENT TO TERM LOAN AGREEMENT, dated as of December 30, 2021 (this “Amendment”), is by and among
PATHLIGHT CAPITAL LP, in its capacity as administrative agent (in such capacity, together with its successors and permitted assigns in such capacity, the “Administrative Agent”) and as collateral agent (in such capacity
together with its successors and permitted assigns in such capacity, the “Collateral Agent”), the Lenders under and as defined in the Existing Credit Agreement defined below party hereto (collectively, the “Consenting
Lenders”), ARMSTRONG FLOORING, INC., a Delaware corporation (the “Company”), ARMSTRONG FLOORING PTY LTD, an Australian proprietary limited company (the “Australian Borrower”, and together with
the Company, collectively, the “Borrowers” and each, a “Borrower”), and the guarantors party hereto (collectively with the Borrowers, the “Loan Parties”). 

W I T N E S E T H : 

WHEREAS, the Administrative Agent, certain financial institutions from time to time party thereto as lenders (collectively, the
“Lenders”) and the Loan Parties (other than the Australian Borrower) are parties to that certain Term Loan Agreement, dated as of June 23, 2020 (as otherwise heretofore amended, supplemented or modified, the “Existing
Credit Agreement”; capitalized terms used but not defined herein shall have the meanings set forth in the Existing Credit Agreement). 

WHEREAS, the Company has requested that the Administrative Agent and the Lenders (i) make an additional term loan to the
Company’s wholly owned Subsidiary, the Australian Borrower and, in connection therewith, join the Australian Borrower as a Borrower and a Loan Party under the Existing Credit Agreement and the other Loan Documents, and (ii) consent to
certain amendments to the Existing Credit Agreement, as more specifically set forth herein. 
 WHEREAS, the Administrative Agent and
the Consenting Lenders have agreed to such requests, subject to the terms and conditions of this Amendment. 
 WHEREAS, by this
Amendment, the Administrative Agent, the Collateral Agent and the Consenting Lenders (which Consenting Lenders constitute the Required Lenders), and the Borrowers desire and intend to evidence the amendments set forth herein. 

NOW THEREFORE, in consideration of the foregoing and the mutual agreements and covenants contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 1. Amendments to
Credit Agreement. 
 (a) Effective as of the Second Amendment Effective Date (as defined below), the Existing Credit Agreement is
hereby amended to delete the stricken text (indicated textually in the same manner as the following example: stricken text) and to add the double-underlined text (indicated textually in the same manner as the following example:
double-underlined
 text), each as set forth in the pages of a conformed copy of the Existing Credit Agreement, as amended hereby, attached as Annex A hereto (as so amended, the “Amended Credit Agreement” and the Amended Credit Agreement as
otherwise amended, restated, supplemented or otherwise modified from time to time on or after the date hereof, the
“Credit Agreement”). 

 (b) Effective as of the Second Amendment Effective Date, (i) the schedules to the
Credit Agreement attached as Annex B hereto are revised or added, as indicated thereon and (ii) Schedule 7.11 to the Credit Agreement is replaced by Schedule 7.11 attached as Annex C hereto. 

2. Amendments to Pledge Agreement. 

(a) Effective as of the Second Amendment Effective Date, Section 2(a)(i) of the Pledge Agreement is amended by (a) deleting the first
clause preceding subclause (A) in its entirety and (b) replacing it with the following: 
 “One hundred
percent (100%) (or, if less, the full amount owned by such Pledgor) of (i) the issued and outstanding Equity Interests owned by such Pledgor of the Australian Borrower and each Material Domestic Subsidiary set forth on Schedule 2(a)
attached to the Second Amendment and (ii) the issued and outstanding Equity Interests not entitled to vote (within the meaning of Treas. Reg. Section 1.956 2(c)(2)) and at least 65% (or as much as may be pledged without giving rise to
material adverse tax consequences) of the issued and outstanding Equity Interests entitled to vote (within the meaning of Treas. Reg. Section 1.956 2(c)(2)) in each Foreign Subsidiary of the Borrower (other than the Australian Borrower) that is
directly owned by such Grantor, including the Equity Interests of the Subsidiaries owned by such Grantor as set forth on Schedule 5.21(f) to the Second Amendment (as updated from time to time after the Second Amendment Effective Date in accordance
with the Credit Agreement), in each case together with the certificates (or other agreements or instruments), if any, representing such Equity Interests, and all options and other rights, contractual or otherwise, with respect thereto (collectively,
together with the Equity Interests described in Section 2(b) and 2(c) below, the “Pledged Shares”), including, but not limited to, the following:” 

(b) Effective as of the Second Amendment Effective Date, Schedule 2(a) to the Pledge Agreement is replaced by Schedule 2(a) attached as
Annex D hereto. 
 3. Joinder of Australian Borrower. Each of the Borrowers hereby agrees as follows for the
benefit of the Secured Parties: 
 (a) The Australian Borrower hereby acknowledges, agrees and confirms that, by its execution of this
Amendment, the Australian Borrower will be deemed to be a party to and a “Borrower” under the Credit Agreement and shall have all of the obligations of a Borrower thereunder as if it had executed the Credit Agreement and the other Loan
Documents as a Borrower. The Australian Borrower hereby ratifies, as of the date hereof, and agrees to be bound by, all representations and warranties, covenants and other terms, conditions and provisions of the Credit Agreement and the other
applicable Loan Documents. Without limiting the generality of the foregoing terms of this Section 3(a), the Australian Borrower hereby guarantees, jointly and severally together with the other Loan Parties, the prompt payment of the
Obligations in accordance with Article X of the Credit Agreement. 
 (b) Each of the Borrowers hereby agree that all of the
representations and warranties contained in Article V of the Credit Agreement and each other Loan Document are true and correct as of the date hereof. 

(c) The Australian Borrower acknowledges and confirms that it has received a copy of the Existing Credit Agreement and the schedules and
exhibits thereto and each Loan Document and Collateral Document and the schedules and exhibits thereto. 

  
 2 

 (d) Each Loan Party (other than the Australian Borrower) confirms that the Existing Credit
Agreement is, and upon the Australian Borrower becoming a Borrower, shall continue to be, in full force and effect as amended hereby. The parties hereto confirm and agree that immediately upon the Australian Borrower becoming a Borrower the term
“Obligations,” as used in the Credit Agreement, shall include all obligations of the Australian Borrower under the Credit Agreement and under each other Loan Document. 

(e) Each Loan Party agrees that at any time and from time to time, upon the written request of the Administrative Agent, it will execute and
deliver such further documents and do such further acts as the Administrative Agent may reasonably request in accordance with the terms and conditions of the Credit Agreement and the other Loan Documents in order to effect the purposes of this
Section 3. 
 4. Conditions Precedent. The amendments, consents and other agreements contained herein shall only be
effective upon the satisfaction or waiver by the Administrative Agent and Consenting Lenders of each of the following conditions precedent (the date of such satisfaction or waiver, the “Second Amendment Effective Date”): 

(a) the Administrative Agent shall have received a copy of (i) this Amendment, dated as of the date hereof, in form and substance
reasonably acceptable to the Administrative Agent, duly executed by the Borrowers and each other Loan Party, the Administrative Agent, the Collateral Agent and Lenders sufficient to constitute Required Lenders and (ii) the Fee Letter, dated as
of the date hereof, in form and substance reasonably acceptable to the Administrative Agent, duly executed by the Borrowers; 
 (b) payment
of all fees required to be paid to the Administrative Agent and the Lenders on or before the Second Amendment Effective Date, and all expenses in connection with this Amendment required to be reimbursed in accordance with Section 11.04
of the Credit Agreement, in each case, to the extent invoiced or otherwise documented no later than the date that is on or before the Second Amendment Effective Date; 

(c) the Administrative Agent shall have received an Officer’s Certificate dated the Second Amendment Effective 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), with respect to the Australian Borrower, its members register, the
resolutions, or, in the case of the Australian Borrower, resolutions or extracts of resolutions, of the governing body of each Loan Party, the good standing, existence or its equivalent (if generally available in the applicable jurisdiction) of each
Loan Party and of the incumbency (including specimen signatures) of the Responsible Officers of each Loan Party; 
 (d) the Administrative
Agent shall have received favorable opinions of U.S. and Australian counsel for the Loan Parties, dated the Second Amendment Effective Date and addressed to the Administrative Agent and the Lenders, including, without limitation, with respect to the
Australia Mortgage and continuing security interests and otherwise in form and substance acceptable to the Administrative Agent; 
 (e) the
Administrative Agent shall have received a complete, fully executed amendment to the Amended and Restated Intercreditor Agreement, in the form of Exhibit F attached hereto (the “Amended and Restated Intercreditor Agreement”);

 (f) the Administrative Agent shall have received copies of the complete, fully executed fifth amendment to the ABL Credit Agreement, in
form and substance satisfactory to the Agent and the Lenders (the “ABL Amendment”), including all schedules, annexes and exhibits thereto, and each other document, agreement or instrument entered into by any Loan Parties in
connection with the Fifth Amendment to ABL Credit Agreement and the First Amendment to ABL Pledge Agreement, including, without limitations, written consent of the ABL Agent to the amendments effected hereby and in accordance with
Section 5.2 of the Intercreditor Agreement; 

  
 3 

 (g) the Administrative Agent (or a representative thereof) shall have received
(i) original, fully executed, compiled and notarized (if required) copies of the AUS Security Documents (under and as defined in the Amended Credit Agreement), other than the AUS Intercreditor Note and AUS Subordination Agreement (which, for
the avoidance of doubt, will be delivered on a post-closing basis in accordance with Amended Credit Agreement), and (ii) all such other documents, agreements, instruments, certificates or notices as the Administrative Agent, or any Lender party
hereto, may reasonably require in order to (i) carry out more effectively the purposes of this Amendment, (ii) to the fullest extent permitted by applicable Law, subject any Loan Party’s or any of its 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 Subsidiaries is or is to be a party, and cause each of its Subsidiaries to do so; 

(h) no order, injunction or judgment has been entered into prohibiting the closing of the Amendment; 

(i) the representations and warranties set forth in Section 7 of this Amendment shall be true and correct; and 

(j) the Loan Parties shall delivered such other documents and satisfied such other conditions as requested by the Administrative Agent and the
Lenders, including those listed on the closing list delivered in connection therewith. 
 5. GOVERNING LAW. SUBJECT TO SECTION
15, THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. 
 6. Binding
Effect. This Amendment shall be binding upon and inure to the benefit of each of the parties hereto and their respective successors and assigns. 

7. Affirmation of Loan Parties. Each Loan Party hereby consents to the amendments and modifications to the Credit Agreement
effected hereby, and confirms and agrees that, notwithstanding the effectiveness of this Amendment, each Loan Document to which such Loan Party is a party is, and the obligations of such Loan Party contained in the Credit Agreement, as amended and
modified hereby, or in any other Loan Documents to which it is a party are, and shall continue to be, in full force and effect and are hereby ratified and confirmed in all respects, in each case as amended and modified by this Amendment. Without
limiting the generality of the foregoing, the execution of this Amendment shall not constitute a novation, and the Collateral Documents and all of the Collateral described therein and Liens granted in favor of the Administrative Agent created
thereunder do and shall continue to secure the payment of all Obligations of the Loan Parties under the Loan Documents to the extent provided in the Collateral Documents and that all such Liens continue to be perfected as security for the
Obligations secured thereby. 
 8. Representations and Warranties. In order to induce the Administrative Agent, the Collateral
Agent and the Consenting Lenders to enter into this Agreement, each Loan Party represents and warrants to the Administrative Agent, the Collateral Agent and the Lenders as follows: 

  
 4 

 (a) the representations and warranties made by each Loan Party in Article V of the Existing
Credit Agreement (as amended hereby and as otherwise amended, restated, supplemented or modified from time to time in accordance with its terms, the “Credit Agreement”) and in each of the other Loan Documents to which such Loan
Party is a party are true and correct in all material respects (or in all respects in the case of any representation and warranty qualified by materiality or Material Adverse Effect) on and as of the date hereof, except to the extent that such
representations and warranties expressly relate to an earlier date in which case they are true and correct in all material respects (or in all respects in the case of any representation and warranty qualified by materiality or Material Adverse
Effect) as of such earlier date, and except that the representations and warranties contained in subsections (a) and (b) of Section 5.05 of the Credit Agreement will be deemed to refer to the most recent statements furnished pursuant
to clauses (a) and (b), respectively, of Section 6.01 of the Credit Agreement; 
 (b) the Persons appearing as Guarantors on the
signature pages to this Amendment constitute all Persons who are required to be Guarantors pursuant to the terms of the Credit Agreement and the other Loan Documents, including without limitation all Persons who became Subsidiaries or were otherwise
required to become Guarantors after the Closing Date, and each of such Persons has become and remains a party to a Guaranty as a guarantor thereunder; 

(c) this Amendment has been duly authorized, executed and delivered by each of the other Loan Parties party hereto and constitutes a legal,
valid and binding obligation of each such party, except as may be limited by general principles of equity or by the effect of any applicable bankruptcy, insolvency, reorganization, moratorium or similar law affecting creditors’ rights
generally; and 
 (d) after giving effect to this Amendment, no Default or Event of Default has occurred and is continuing. 

9. Reference to and Effect on the Credit Agreement and the Loan Documents.  

(a) On and after the effectiveness of this Amendment, each reference in the Credit Agreement and/or the Pledge Agreement to “this
Agreement”, “hereunder”, “hereof” or words of like import referring to the Credit Agreement or the Pledge Agreement, as the case may be, and each reference in the Notes and each of the other Loan Documents to “the
Credit Agreement”, “Pledge Agreement”, “thereunder”, “thereof” or words of like import referring to the Credit Agreement or the Pledge Agreement, as the case may be, shall mean and be a reference to the Credit
Agreement or Pledge Agreement, as applicable, in each case as amended and modified by this Amendment. 
 (b) The Credit Agreement, the Notes
and each of the other Loan Documents, as specifically amended and modified by this Amendment, are and shall continue to be in full force and effect and are hereby in all respects ratified and confirmed. 

(c) The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver or novation
of any right, power or remedy of any Lender, the Collateral Agent or the Administrative Agent under any of the Loan Documents, nor constitute a waiver or novation of any provision of any of the Loan Documents. 

(d) The Administrative Agent, the Lenders and the Loan Parties agree that this Amendment shall be a Loan Document for all purposes of the
Credit Agreement (as specifically amended by this Amendment) and the other Loan Documents. 

  
 5 

 10. Waiver, Modification, Etc. No provision or term of this Amendment may be
modified, altered, waived, discharged or terminated orally, but only by an instrument in writing executed by the party against whom such modification, alteration, waiver, discharge or termination is sought to be enforced. 

11. Headings. The headings listed herein are for convenience only and do not constitute matters to be construed in interpreting
this Amendment. 
 12. Counterparts. This Amendment 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. Delivery of an executed counterpart of a signature page of this Amendment by facsimile or in
“pdf” or similar format by electronic mail shall be effective as delivery of a manually executed counterpart of this Amendment. 

13. Release; Indemnification 

(a) Release. In further consideration of Administrative Agent’s, Collateral Agent’s and each Consenting Lender’s
execution of this Amendment, the Borrower and the Guarantors, individually and on behalf of their successors (including any trustees or any debtor-in-possession acting on behalf of Borrower or a Guarantor), assigns, subsidiaries and affiliates,
hereby forever release each of the Administrative Agent, Collateral Agent and the Lenders and their respective successors, assigns, parents, subsidiaries, and affiliates and their officers, employees, directors, agents and attorneys (collectively,
the “Releasees”) from any and all debts, claims, demands, liabilities, responsibilities, disputes, causes, damages, actions and causes of actions (whether at law or in equity), and obligations of every nature whatsoever (other than
any obligations to advance Loans under and in accordance with the Credit Agreement), whether liquidated or unliquidated, whether matured or unmatured, whether fixed or contingent that Borrower or any Guarantor has or may have against the Releasees,
or any of them, in each case which arise from or relate to any actions which the Releasees, or any of them, have or may have taken or omitted to take in connection with the Credit Agreement or the other Loan Documents prior to the date hereof
(including with respect to the Obligations, any Collateral and any third parties liable in whole or in part for the Obligations). This provision shall survive and continue in full force and effect whether or not the Loan Parties shall satisfy all
other provisions of the Credit Agreement or the other Loan Documents. 
 (b) Related Indemnity. The Borrower and each Guarantor hereby
agree that its release of the Releasees set forth in Section 12(a) hereof shall include an obligation to indemnify and hold the Releasees, or any of them, harmless with respect to any and all liabilities, obligations, losses, penalties,
actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever incurred by the Releasees, or any of them, whether direct, indirect or consequential, as a result of or arising from or relating to any proceeding by, or on
behalf of any Person, including officers, directors, agents, trustees, creditors, partners or shareholders of the Borrower or any Guarantor or any parent, subsidiary or affiliate of Borrower or such Guarantor, whether threatened or initiated,
asserting any claim for legal or equitable remedy under any statutes, regulation, common law principle or otherwise arising from or in connection with the negotiation, preparation, execution, delivery, performance, administration and enforcement of
this Amendment or any other document executed in connection herewith; provided, that Borrower shall not be liable for any indemnification to a Releasee to the extent that any such liability, obligation, loss, penalty, action, judgment, suit, cost,
expense or disbursement results from the applicable Releasee’s gross negligence or willful misconduct, as finally determined by a court of competent jurisdiction. The foregoing indemnity shall survive the payment in full of the Obligations and
the termination of the Credit Agreement and the other Loan Documents. 

  
 6 

 14. Consent to Fifth Amendment to ABL Credit Agreement and Amended and Restated
Intercreditor Agreement. In accordance with Section 5.2 of the Intercreditor Agreement as in effect immediately prior to the Second Amendment Effective Date, each of the undersigned Consenting Lenders hereby authorizes the
Administrative Agent to consent to, and the Administrative Agent hereby consents to the amendments to the ABL Credit Agreement effected by, the Fifth Amendment to ABL Credit Agreement in the form and substance attached as Annex E
hereto. In connection with the transactions contemplated hereby and by Fifth Amendment to ABL Credit Agreement, the undersigned Consenting Lenders hereby consent to the terms and conditions of the Amended and Restated Intercreditor Agreement
attached as Annex F hereto and authorize and direct the Administrative Agent to enter into the Amended and Restated Intercreditor Agreement. 

15. Irrevocable Election to Cash Dominion. Effective upon the Second Amendment Effective Date, the U.S. Borrower hereby
irrevocably elects to cause the Dominion Trigger Period to commence on February 1, 2022 and continue at all times thereafter. 
 16.
Appointment of Australian Security Trustee. For the purposes of any Liens created under Collateral Documents governed by the laws of Australia, the following additional provisions shall apply, in addition to the provisions set out in this
Section 15 or otherwise hereunder. 
 (a) The Administrative Agent, each Lender, the Indemnitees and each
co-agent or sub-agent appointed by the Administrative Agent acknowledge and agrees to the appointment of (and by entering into a Swap Contract or Cash Management Agreement, each Hedge Bank and Cash Management Bank, as applicable, shall be deemed to
appoint) the Collateral Agent under the terms of the Australian Security Trust Deed to act as its trustee under and in relation to all Collateral Documents governed by the laws of Australia and to hold the assets subject to the security thereby
created as trustee for the Secured Parties on trust and on the terms contained in the Collateral Documents governed by the laws of Australia and the Secured Parties authorize the Collateral Agent under the terms of the Australian Security Trust Deed
to exercise such rights, remedies, powers and discretions as are specifically delegated to the Collateral Agent by the terms of the Collateral Documents governed by the laws of Australia together with all such rights, remedies, powers and
discretions as are reasonably incidental thereto and the Collateral Agent accepts that appointment. 
 (b) The Administrative
Agent, each Lender, the Indemnitees and each co-agent or sub-agent appointed by the Administrative Agent acknowledge and agrees to the appointment of (and by entering into a Swap Contract or Cash Management Agreement, each Hedge Bank and Cash
Management Bank, as applicable) hereby: 
 (i) acknowledge that they are aware of, and consent to, the terms of the Australian Security Trust
Deed; 
 (ii) agree to comply with and be bound by the Australian Security Trust Deed as a Beneficiary (as that term is defined in the
Australian Security Trust Deed); 
 (iii) acknowledge that it has received a copy of the Australian Security Trust Deed together with the
other information which it has required in connection with the Australian Security Trust Deed and this Agreement; and 
 (iv) for
consideration received, irrevocably appoints as its attorney each person who under the terms of the Australian Security Trust Deed is appointed an attorney of a Beneficiary (as defined in the Australian Security Trust Deed) on the same terms and for
the same purposes as contained in the Australian Security Trust Deed. 

  
 7 

 (c) This Section 15 is executed in favor of the Collateral
Agent, in its capacity as the Australian Security Trustee and each Beneficiary (as defined in the Australian Security Trust Deed) from time to time. 

(d) Notwithstanding the applicability of Section 4 to the remainder of this Amendment, the law of New South Wales
governs this Section 15 and the parties submit to the exclusive jurisdiction of the courts of New South Wales and of the Commonwealth of Australia in relation to this Section 15. 

[REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK] 

  
 8 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their authorized officers as of the day and year first above written. 
  

			
	PATHLIGHT CAPITAL LP,
	as Administrative Agent, Collateral Agent and Australian Security Trustee
		
	By:	 	              

		 	Typed Name: Katie Hendricks
		 	Typed Title:   Managing Director

  
  

 
  

  
 Armstrong Flooring, Inc.

 Second Amendment to Credit Agreement 

Signature Page 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their authorized officers as of the day and year first above written. 
  

			
	PATHLIGHT CAPITAL FUND I LP,
	as a Lender
	
	By: Pathlight Partners GP LLC, its General Partner
		
	By:	 	              

		 	Typed Name: Katie Hendricks
		 	Typed Title:   Managing Director

  
  

 
  

  
 Armstrong Flooring, Inc.

 Second Amendment to Credit Agreement 

Signature Page 

 IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly executed and
delivered by their authorized officers as of the day and year first above written. 
  

							
	BORROWER:	 		 	ARMSTRONG FLOORING, INC.
				
		 		 	By:	 	          

		 		 		 	Typed Name:
		 		 		 	Typed Title:
			
		 		 	ARMSTRONG FLOORING PTY LTD
				
		 		 	By:	 	              

		 		 		 	Typed Name:
		 		 		 	Typed Title:
			
	GUARANTOR:	 		 	AFI LICENSING LLC
				
		 		 	By:	 	          

		 		 		 	Typed Name:
		 		 		 	Typed Title:

  
  
  

 

  
 Armstrong Flooring, Inc.

 Second Amendment to Credit Agreement 

Signature Page 

 Annex A 

to Second Amendment 

Amended Credit Agreement 

[see attached] 

 CONFORMED THROUGH FIRST
AMENDMENT TO TERM
LOANEXECUTION
 VERSION 

ANNEX A: AMENDED
CREDIT AGREEMENT DATED AS OF NOVEMBER 1, 2021 
  

 
  

TERM LOAN AGREEMENT 
 Dated
as of June 23, 2020 
 among 

ARMSTRONG FLOORING, INC., 

and 

ARMSTRONG FLOORING PTY LTD
 
 as the BorrowerBorrowers, 

THE SUBSIDIARIES OF THE BORROWER PARTY HERETO, 

as the Guarantors, 
 PATHLIGHT
CAPITAL LP, 
 as Administrative Agent and
, Collateral Agent, and Australian
Security Trustee 
 and 

THE LENDERS PARTY HERETO 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 ARTICLE I DEFINITIONS AND ACCOUNTING TERMS
	  	 	1	 
			
	 1.01
	 	Defined Terms	  	 	1	 
	 1.02
	 	Other Interpretive Provisions	  	 	3947	 
	 1.03
	 	Accounting Terms	  	 	4048	 
	 1.04
	 	Rounding	  	 	4149	 
	 1.05
	 	Times of Day	  	 	4149	 
	 1.06
	 	[Reserved]	  	 	41. 49	 
	 1.07
	 	[Reserved]	  	 	49	 
	
1.08
	 	UCC Terms	  	 	4149	 
	
1.081.09

	 	Rates	  	 	4149	 
		
	 ARTICLE II TERM LOANS
	  	 	4250	 
			
	 2.01
	 	Term Loans	  	 	4250	 
	 2.02
	 	Protective Advances	  	 	4251	 
	 2.03
	 	[Reserved]	  	 	4351	 
	 2.04
	 	[Reserved]	  	 	4351	 
	 2.05
	 	Prepayments	  	 	4351	 
	 2.06
	 	[Reserved]	  	 	4054	 
	 2.07
	 	Amortization Payments 45[Reserved]	  	 	54	 
	 2.08
	 	Interest and Default Rate	  	 	4655	 
	 2.09
	 	Fees	  	 	4656	 
	 2.10
	 	Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate	  	 	4756	 
	 2.11
	 	Evidence of Debt	  	 	4756	 
	 2.12
	 	Payments Generally; Administrative Agent’s Clawback	  	 	4757	 
	 2.13
	 	Sharing of Payments by Lenders	  	 	4958	 
	 2.14
	 	Cash Collateral	  	 	4959	 
	 2.15
	 	Defaulting Lenders	  	 	5060	 
	 2.16
	 	Effect of Termination	  	 	5161	 
		
	 ARTICLE III TAXES, YIELD PROTECTION AND ILLEGALITY
	  	 	5261	 
			
	 3.01
	 	Taxes	  	 	5261	 
	 3.02
	 	Illegality	  	 	5766	 
	 3.03
	 	Inability to Determine Rates	  	 	5766	 
	 3.04
	 	LIBOR Successor Rate	  	 	5867	 
	 3.05
	 	Increased Costs; Reserves on LIBO Rate Loans	  	 	6073	 
	 3.06
	 	[Reserved]	  	 	6175	 
	 3.07
	 	Mitigation Obligations; Replacement of Lenders	  	 	6175	 
	 3.08
	 	Survival	  	 	6275	 

  
 i 

							
	 ARTICLE IV CONDITIONS PRECEDENT TO Term Loans
	  	 	6276	 
			
	 4.01
	 	Conditions of the Term Loans	  	 	6276	 
		
	 ARTICLE V REPRESENTATIONS AND WARRANTIES
	  	 	6780	 
			
	 5.01
	 	Existence, Qualification and Power	  	 	6781	 
	 5.02
	 	Authorization; No Contravention	  	 	6781	 
	 5.03
	 	Governmental Authorization; Other Consents	  	 	6781	 
	 5.04
	 	Binding Effect	  	 	6881	 
	 5.05
	 	Financial Statements; No Material Adverse Effect	  	 	6882	 
	 5.06
	 	Litigation	  	 	6983	 
	 5.07
	 	No Default	  	 	6983	 
	 5.08
	 	Ownership of Property	  	 	6983	 
	 5.09
	 	Environmental Compliance	  	 	6983	 
	 5.10
	 	Insurance	  	 	7084	 
	 5.11
	 	Taxes	  	 	7084	 
	 5.12
	 	ERISA Compliance	  	 	7185	 
	 5.13
	 	Margin Regulations; Investment Company Act	  	 	7285	 
	 5.14
	 	Disclosure	  	 	7286	 
	 5.15
	 	Compliance with Laws	  	 	7286	 
	 5.16
	 	Solvency	  	 	7286	 
	 5.17
	 	Casualty, Etc.	  	 	7386	 
	 5.18
	 	Sanctions Concerns and Anti-Corruption Laws; EEA Financial Institutions	  	 	7387	 
	 5.19
	 	Responsible Officers	  	 	7387	 
	 5.20
	 	Subsidiaries; Equity Interests; Loan Parties	  	 	7387	 
	 5.21
	 	Collateral Representations	  	 	7488	 
	 5.22
	 	Labor Matters	  	 	7791	 
	 5.23
	 	Certificate of Beneficial Ownership	  	 	7791	 
	 5.24
	 	Surety Obligations	  	 	7792	 
	 5.25
	 	Trade Regulations	  	 	7892	 
	 5.26
	 	Payables Practice	  	 	7892	 
	 5.27
	 	Regulation H	  	 	7892	 
	 5.28
	 	EEAAffected Financial
Institutions. 78; Covered Entities	  	 	92	 
		
	 ARTICLE VI AFFIRMATIVE COVENANTS
	  	 	7893	 
			
	 6.01
	 	Financial Statements	  	 	7993	 
	 6.02
	 	Certificates; Other Information	  	 	8094	 
	 6.03
	 	Notices	  	 	8398	 
	 6.04
	 	Payment of Obligations	  	 	8499	 
	 6.05
	 	Preservation of Existence, Etc.	  	 	8499	 
	 6.06
	 	Maintenance of Properties	  	 	8599	 
	 6.07
	 	Maintenance of Insurance	  	 	85100	 
	 6.08
	 	Compliance with Laws	  	 	86101	 
	 6.09
	 	Books and Records	  	 	86101	 

  
 ii 

							
	 6.10
	 	Inspection Rights	  	 	86101	 
	 6.11
	 	Use of Proceeds	  	 	87102	 
	 6.12
	 	Material Contracts	  	 	88103	 
	 6.13
	 	Covenant to Guarantee Obligations	  	 	88103	 
	 6.14
	 	Covenant to Give Security	  	 	88103	 
	 6.15
	 	Further Assurances	  	 	90105	 
	 6.16
	 	Anti-Corruption and Anti-Terrorism Laws	  	 	90105	 
	 6.17
	 	Post Closing Deliverables	  	 	90105	 
	 6.18
	 	Accounts	  	 	90105	 
	 6.19
	 	Inventory	  	 	91106	 
	 6.20
	 	Equipment	  	 	92107	 
	 6.21
	 	Location of Collateral	  	 	92108	 
	 6.22
	 	Insurance of Collateral; Condemnation Proceeds; Protection of Collateral	  	 	93108	 
	 6.23
	 	Defense of Title	  	 
	94109
	 
	 6.24
	 	Intellectual Property	  	 	94110	 
	
6.25
	 	Engagement and Retention of Consultant and Investment Bank	  	 	110	 
	
6.26
	 	Sale Process	  	 	111	 
		
	 ARTICLE VII NEGATIVE COVENANTS
	  	 	95112	 
			
	 7.01
	 	Liens	  	 	95112	 
	 7.02
	 	Investments	  	 	98115	 
	 7.03
	 	Indebtedness	  	 	100117	 
	 7.04
	 	Fundamental Changes	  	 	102120	 
	 7.05
	 	Dispositions	  	 	103121	 
	 7.06
	 	Restricted Payments	  	 	104122	 
	 7.07
	 	Change in Nature of Business	  	 	105123	 
	 7.08
	 	Transactions with Affiliates	  	 	105123	 
	 7.09
	 	Burdensome Agreements	  	 	106124	 
	 7.10
	 	Use of Proceeds	  	 	107125	 
	 7.11
	 	Financial Covenants	  	 	107125	 
	 7.12
	 	Amendments of Organization Documents; Fiscal Year; Legal Name, State of Formation; Form of Entity and Accounting Changes	  	 	107125	 
	 7.13
	 	Sale and Leaseback Transactions	  	 	107125	 
	 7.14
	 	Sanctions	  	 	108126	 
	 7.15
	 	Anti-Corruption Laws	  	 	108126	 
	 7.16
	 	Amendments to ABL Debt 108 or AUS Intercompany Note	  	 	126	 
	 7.17
	 	Prepayments, Etc. of Indebtedness	  	 	108126	 
	 7.18
	 	Subsidiaries	  	 	108126	 
	 7.19
	 	Tax Consolidation	  	 	108126	 
	 7.20
	 	Swaps	  	 	108127	 
	 7.21
	 	Plans	  	 	109127	 
		
	 ARTICLE VIII EVENTS OF DEFAULT AND REMEDIES
	  	 	109127	 
			
	 8.01
	 	Events of Default	  	 	109127	 

  
 iii 

							
	 8.02
	 	Remedies upon Event of Default	  	 	112130	 
	 8.03
	 	Application of Funds	  	 	112130	 
	 8.04
	 	License	  	 	113131	 
		
	 ARTICLE IX ADMINISTRATIVE AGENT AND COLLATERAL AGENT
	  	 	113131	 
			
	 9.01
	 	Appointment and Authority	  	 	113131	 
	 9.02
	 	Rights as a Lender	  	 	114133	 
	 9.03
	 	Exculpatory Provisions	  	 	114133	 
	 9.04
	 	Reliance by Administrative Agent	  	 	115134	 
	 9.05
	 	Delegation of Duties	  	 	116135	 
	 9.06
	 	Resignation of Administrative Agent	  	 	116135	 
	 9.07
	 	Non-Reliance on Administrative Agent, Collateral Agent and Other Lenders	  	 	117136	 
	 9.08
	 	No Other Duties, Etc.	  	 	117136	 
	 9.09
	 	Administrative Agent or Collateral Agent May File Proofs of Claim; Credit Bidding	  	 	118137	 
	 9.10
	 	Collateral and Guaranty Matters	  	 	119138	 
	 9.11
	 	[Reserved]	  	 	120139	 
	 9.12
	 	Lender ERISA Representation	  	 	120139	 
	
9.13
	 	Recovery of Erroneous Payments	  	 	141	 
		
	 ARTICLE X CONTINUING GUARANTY
	  	 	122142	 
			
	 10.01
	 	Guaranty	  	 	122142	 
	 10.02
	 	Rights of Lenders	  	 	123142	 
	 10.03
	 	Certain Waivers	  	 	123143	 
	 10.04
	 	Obligations Independent	  	 	123143	 
	 10.05
	 	Subrogation	  	 	124143	 
	 10.06
	 	Termination; Reinstatement	  	 	124143	 
	 10.07
	 	Stay of Acceleration	  	 	124144	 
	 10.08
	 	Condition of Borrower	  	 	124144	 
	 10.09
	 	Appointment of U.S. Borrower	  	 	124144	 
	 10.10
	 	Right of Contribution	  	 	125144	 
		
	 ARTICLE XI MISCELLANEOUS
	  	 	125145	 
			
	 11.01
	 	Amendments, Etc.	  	 	125145	 
	 11.02
	 	Notices; Effectiveness; Electronic Communications	  	 	127147	 
	 11.03
	 	No Waiver; Cumulative Remedies; Enforcement	  	 	129149	 
	 11.04
	 	Expenses; Indemnity; Damage Waiver	  	 	129149	 
	 11.05
	 	Payments Set Aside	  	 	132152	 
	 11.06
	 	Successors and Assigns	  	 	132152	 
	 11.07
	 	Treatment of Certain Information; Confidentiality	  	 	136156	 
	 11.08
	 	Right of Setoff	  	 	137158	 
	 11.09
	 	Interest Rate Limitation	  	 	138158	 
	 11.10
	 	Counterparts; Integration; Effectiveness	  	 	138159	 

  
 iv 

							
	 11.11
	 	Survival of Representations and Warranties	  	 	139159	 
	 11.12
	 	Severability	  	 	139159	 
	 11.13
	 	Replacement of Lenders	  	 	139160	 
	 11.14
	 	Governing Law; Jurisdiction; Etc.	  	 	140160	 
	 11.15
	 	Waiver of Jury Trial	  	 	141162	 
	 11.16
	 	Subordination	  	 	142162	 
	 11.17
	 	No Advisory or Fiduciary Responsibility	  	 	142162	 
	 11.18
	 	Electronic Execution	  	 	143163	 
	 11.19
	 	USA PATRIOT Act Notice	  	 	143163	 
	 11.20
	 	Acknowledgement and Consent to Bail-In of EEAAffected Financial
Institutions	  	 	143164	 
	 11.21
	 	Time of the Essence	  	 	144164	 
	 11.22
	 	ENTIRE AGREEMENT	  	 	144164	 
	 11.23
	 	Acknowledgement Regarding Any Supported QFCs	  	 	144165	 
	 11.24
	 	Intercreditor Agreement	  	 	145166	 

  
 v 

 BORROWER PREPARED SCHEDULES 

 

			
	Schedule 1.01(c)	  	Responsible Officers
	Schedule 5.10	  	Insurance
	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 Collateral
	Schedule 5.21(g)	  	Properties
	Schedule 5.21(h)	  	Material Contracts
	Schedule 7.01	  	Existing Liens
	Schedule 7.02	  	Existing Investments
	Schedule 7.03	  	Existing Indebtedness
	Schedule 7.09	  	Burdensome Agreements
	Schedule 7.11	  	Financial Covenants

 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)	  	Eligible Real Property
	Schedule 6.17	  	Post Closing Deliverables

 EXHIBITS 
  

			
	Exhibit A	  	Form of Administrative Questionnaire
	Exhibit B	  	Form of Assignment and Assumption
	Exhibit C	  	Form of Compliance Certificate
	Exhibit D	  	Form of Consolidated Borrowing Base Report
	Exhibit E	  	[Reserved]
	Exhibit F	  	Form of Permitted Acquisition Certificate
	Exhibit G	  	Form of Solvency Certificate
	Exhibit H	  	Form of Note
	Exhibit I	  	Form of Officer’s Certificate
	Exhibit J-1	  	Form of U.S. Tax Compliance Certificate For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes
	Exhibit J-2	  	Form of U.S. Tax Compliance Certificate For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes
	Exhibit J-3	  	Form of U.S. Tax Compliance Certificate For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes
	Exhibit J-4	  	Form of U.S. Tax Compliance Certificate For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes

  
 vi 

			
	Exhibit K	  	Form of Landlord Waiver
	Exhibit L	  	Form of Joinder Agreement
	Exhibit M	  	Form of Authorization to Share Insurance Information
	Exhibit N	  	Form of Notice of Loan Prepayment

  
 vii 

 TERM LOAN AGREEMENT 

THIS TERM LOAN AGREEMENT is entered into as of June 23, 2020, among ARMSTRONG FLOORING, INC., a Delaware corporation (the “U.S. Borrower”), Armstrong Flooring Pty Ltd., an Australian proprietary limited company (the “Australian Borrower”), the Guarantors (defined herein), the Lenders (defined herein) party hereto from time to time, and PATHLIGHT CAPITAL LP, as Administrative Agent and, Collateral Agent and Australian Security Trustee (as such terms are defined herein). 
 PRELIMINARY STATEMENTS: 

WHEREAS, the Loan Parties (as hereinafter defined) have requested that the Lenders provide a senior secured term loan facility to the
Borrower in a principal amount of up to
$70,000,00083,250,000
; and 
 WHEREAS, the Lenders have agreed to provide such term loan facility
on the terms and subject to the conditions set forth in this Agreement. 
 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: 

“ABL Agent” means Bank of America, in its capacity as both administrative agent and collateral agent under the ABL Credit
Agreement, and its successors and permitted assigns in such capacity. 
 “ABL Borrowing Base” means “Borrowing
Base” as such term is defined in the ABL Credit Agreement. 
 “ABL Borrowing Base Report” means “Borrowing Base
Report” as such term is defined in the ABL Credit Agreement. 
 “ABL Credit Agreement” means (a) that certain
Credit Agreement dated December 31, 2018, among the Loan Parties, the ABL Agent, and the ABL Lenders, as amended
and in effect from time to time, and (b) any other credit agreement, debt facility, loan agreement, note agreement, promissory note, or other agreement or instrument evidencing or governing
the terms of the Indebtedness in respect of any asset-based revolving credit facility that has been incurred to increase, extend, replace or refinance (subject to the limitations set forth herein and in the

  
 1 

 
Intercreditor Agreement) in whole or in part the Indebtedness and other obligations outstanding under (i) the ABL Credit Agreement or (ii) any subsequent credit agreement, debt
facility, loan agreement, note agreement, promissory note, or other agreement for any asset-based revolving facility, unless such agreement or instrument expressly provides that it is not intended to be and is not an ABL Credit Agreement hereunder,
in any case, in accordance with the Intercreditor Agreement. 
 “ABL Debt” means the “Secured Obligations” (as
defined in the ABL Credit Agreement) and other Indebtedness evidenced by or arising under the ABL Documents. 
 “ABL
Documents” means, collectively, the ABL Credit Agreement, and any other “Loan Documents” (as defined in the ABL Credit Agreement) as all of the foregoing now exist or may hereafter be amended, modified, supplemented, extended,
renewed, restated, refinanced, replaced or restructured, in accordance with the terms of the Intercreditor Agreement (in whole or in part and including any agreements with, to or in favor of any other lender or group of lenders that at any time
refinances, replaces or succeeds to all or any portion of the ABL Debt). 
 “ABL Lenders” has the meaning assigned to the
term “ABL Lenders” in the Intercreditor Agreement. 
 “ABL Line Cap” shall have the meaning assigned to the term
“Line Cap” in the ABL Credit Agreement. 
 “ABL Loans” means collectively, all “Revolving Loans”,
“Swingline Loans” and all “L/C Obligations” in each case, under and as defined in, the ABL Credit Agreement. 

“ABL Priority Collateral” means “ABL Priority Collateral” under and as defined in the Intercreditor Agreement. 

“Account” has the meaning set forth in the UCC, in each case including all rights to payment for goods sold or leased, or for
services rendered, whether or not they have been earned by performance. 
 “Account Debtor” has the meaning set forth in
the UCC. 
 “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. 

“Administrative Agent” means Pathlight Capital LP in its capacity as administrative agent under any of the Loan Documents, or
any successor administrative agent. 

  
 2 

 “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. 
 “Agent” means the
collective reference to the Administrative Agent and the Collateral Agent, or either of them, as the context may require. 

“Agreement” means this Term Loan Agreement. 

“Applicable Margin” means
twelveeleven
 percent
(1211.0
%) per annum. 
 “Applicable Percentage” means in respect of
the Facility, with respect to any Lender at any time, the percentage (carried out to the ninth decimal place) of the Facility represented by (i) on or prior to the Closing Date, such Lender’s Commitment at such time and
(ii) thereafter, the outstanding principal amount of such Lender’s Term Loans at such time. The Applicable Percentage of each Lender in respect of the 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 Lender becomes a party hereto, as applicable. 
 “Appraised Value”
means, (a) with respect to Eligible Machinery and Equipment, the net orderly liquidation value of such Eligible Machinery and Equipment as set forth in the most recent appraisal thereof as determined from time to time by an independent
appraiser engaged by the Administrative Agent and (b) with respect to any Eligible Real Property, the fair market value of such Eligible Real Property, as set forth in the most recent Real Property Appraisal of such Eligible Real Property
(based on the appraisal methodology applied in the appraisals in effect on the Closing Date). 
 “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. 

“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. 

  
 3 

 “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. 
 “Audited Financial Statements” means the audited Consolidated
balance sheet of the Borrower and its Subsidiaries for the fiscal year ended December 31, 2019 (or such other fiscal year as specified) 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. 
 “AUS Intercompany Indebtedness” means all of the Indebtedness and obligations owing by the U.S. Borrower to the
Australian Borrower, pursuant to that certain AUS Intercompany Note, and constituting the loan by the Australian Borrower to the U.S. Borrower of the proceeds of the AUS Term Loans funded by the Lenders hereunder. 

“AUS
Intercompany Note” means an unsecured Intercompany Note, dated on or about of the Second Amendment Effective Date, between the U.S. Borrower, as borrower, and Australian Borrower, as lender, in form and substance satisfactory to the
Administrative Agent. 
 “AUS Mortgage” means the fully executed and compiled Mortgage delivered on or before the Fifth Amendment Effective
Date in form suitable for recording with respect to the AUS Real Property. 
 “AUS Real Property” means that certain Real Property owned by the Australian Borrower located at 20-39 Mills Road,
Braeside, VIC, Australia.  
 “AUS Security Deed” means that certain General Security Deed, dated as of the Second Amendment Effective Date, made
by the Australian Borrower in favor of the Australian Security Trustee, as such agreement may be modified or amended from time to time.  

“AUS
Security Documents” means collectively (a) the AUS Mortgage, (b) the AUS Security Deed, (c) the AUS Security Trust Deed, and (d) all other certificates, agreements, documents and instruments executed and delivered, in each
case, by the Australian Borrower pursuant to the foregoing and/or granting a lien on any asset or property of the Australian Borrower in favor of the Australian Security Trustee.  

“AUS
Security Trust Deed” means that security trust deed, dated as of Second Amendment Effective Date, between, among others, the Australian Borrower and the Australian Security Trustee. 

  
 4 

“AUS
Subordination Agreement” means a subordination agreement to be dated on the Second Amendment Effective Date, among the Australian Borrower, the Administrative Agent and the ABL Agent, in form and substance satisfactory to the Administrative
Agent.  
 “AUS Term Loan Commitment” means, with respect to each Lender, its obligation to make an advance of an AUS Term
Loan up to the maximum principal amount shown on Schedule 1.01(b) or an Assignment and Assumption to which it is a party.  

“AUS
Term Loan” means a Term Loan made pursuant to Section 2.01(b). 
 “AUS Term Loan Borrowing Base” means on any date of determination, an amount equal to (a) the Eligible AUS
Real Property Amount, minus (b) any Real Property Reserves relative to the Australian Real Property. 

The AUS Term
Loan Borrowing Base at any time shall be determined by reference to the most recent Term Loan Borrowing Base Report theretofore delivered to the Administrative Agent with such adjustments as the Administrative Agent deems appropriate in its
Permitted Discretion to assure that the AUS Term Loan Borrowing Base is calculated in accordance with the terms of this Agreement, including without limitation such adjustments to give effect to any Real Property Reserves imposed by the Agent which
have been communicated to the Borrower. The AUS Term Loan Borrowing Base shall be calculated in Dollars, based upon the prevailing Exchange Rate as at the date of the applicable Term Loan Borrowing Base Certificate delivered hereunder.
Notwithstanding the foregoing to the contrary, the amount included in the AUS Term Loan Borrowing Base with respect to the AUS Real Property shall in no event exceed the maximum amount of the Obligations at any time specified to be secured by the
Mortgage thereon.  
 “AUS Term Loan Reserve” shall mean an Availability Reserve maintained by the ABL Agent against the ABL Borrowing
Base in an amount equal to the amount by which, if any, (a) the aggregate outstanding principal amount of the AUS Term Loan (excluding, solely for purposes of calculating the AUS Term Loan Reserve, all PIK Interest and fees added to principal
of the AUS Term Loan and all interest on such amounts), exceeds (b) the AUS Term Loan Borrowing Base (including, as a result of fluctuations in the Exchange Rate). 

“Australian
 Corporations Act” means the Corporations Act 2001 (Cth) of Australia. 
 “Australian PPSA” means the Personal Property Securities Act 2008 (Cth) of Australia. 

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

“Australian
 Tax Consolidated Group” means a “Consolidated Group” or an “MEC Group” as defined in the Australian Tax Act. 

  
 5 

 “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” shall have the meaning assigned to such term in the ABL Credit Agreement. 

“Availability Block” shall have the meaning assigned to such
term in the ABL Credit Agreement. 
 “Availability
Reserve” and all constituent definitions contained in such term as set forth in the ABL Credit Agreement shall have the meaning set forth in the ABL Credit Agreement. 

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

“Bankruptcy Code” means Title 11 of the United States Code. 

“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 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” means Armstrong Flooring, Inc., a Delaware
corporation. collectively the U.S. Borrower and the Australian Borrower.  
 “Borrower Materials” has the meaning specified in Section 6.02.

  
 6 

 “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 of New York and, if such day relates to any LIBO Rate Loan, means any such day that is also a London Banking Day. 

“Businesses” means, at any time, a collective reference to the businesses operated by Borrower and its Subsidiaries at such
time. 
 “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). 

“Capital Stock” means (i) in the case of a corporation, capital stock, (ii) in the case of an association or
business entity, any and all shares, interests, participations, rights or other equivalents (however designated) of capital stock, (iii) in the case of a partnership, partnership interests (whether general or limited), (iv) in the case of
a limited liability company, membership interests and (v) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets of, the issuing Person. 

“Capital Stock Equivalents” means warrants, options or other rights for the purchase, acquisition or exchange of any items of
Capital Stock (including through convertible securities). 
 “Capitalized Leases” means, subject to
Section 1.03(b), all leases that have been or should be, in accordance with GAAP, recorded as capitalized leases. 

“Cash Collateralize” means the delivery of cash to the Administrative Agent, as security for the payment of contingent
Obligations that have been asserted in writing but are not yet due and payable, in an amount equal to the Administrative Agent’s good faith estimate of the amount due or to become due in respect thereof, including fees, expenses and
indemnification hereunder. “Cash Collateral” has a correlative meaning. 
 “Cash Equivalents” means
(a) marketable obligations issued or unconditionally guaranteed by, and backed by the full faith and credit of, the U.S. government, maturing within twelve (12) months of the date of acquisition; (b) certificates of deposit, time
deposits and bankers’ acceptances maturing within twelve (12) months of the date of acquisition, and overnight bank deposits, in each case which are issued by a commercial bank organized under the laws of the United States or any state or
district thereof, rated A-1 (or better) by S&P or P-1 (or better) by Moody’s at the time of acquisition, and (unless issued by a Lender) not subject to offset rights; (c) repurchase obligations with a term of not more than thirty
(30) days for underlying investments of the types described in clauses (a) and (b) entered into with any bank described in clause (b); (d) commercial paper issued by a commercial bank organized under the laws of the United States
or any state or district thereof and rated A-1 (or better) by S&P or P-1 (or better) by Moody’s, and maturing within nine (9) months of the date of acquisition; and (e) shares of any money market fund that has substantially all of
its assets invested continuously in the types of investments referred to above, has net assets of at least $500,000,000 and has the highest rating obtainable from either Moody’s or S&P. 

  
 7 

 “CFC” means a Person that is a controlled foreign corporation under
Section 957 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 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 or issued. 
 “Change of Control” means an event or series of events by
which: 
 (a) 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 fifty percent (50%) or more of the Equity Interests 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); or 
 (b) during any period of twelve (12) consecutive months, a majority of the members
of the board of directors or other equivalent governing body of the Borrower cease to be composed of individuals (i) who were members of that board or equivalent governing body on the first day of such period, (ii) whose election or
nomination to that board or equivalent governing body was approved by individuals referred to in clause (i) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body or
(iii) whose election or nomination to that board or other equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or nomination at least a majority of
that board or equivalent governing body; or 

  
 8 

 (c) any “change in control” or similar event, as defined in the
ABL Credit Agreement or any other ABL Document shall have occurred. 
 “China Facility” means that certain RMB
60 million line of credit extended by the Bank of China, Wujiang Branch to the Borrower, expiring on February 24, 2021.which as of the Second Amendment Effective Date expires on March 21, 2022. 
 “Closing Date” means the date hereof. 

“Code” means the Internal Revenue Code of 1986. 

“Collateral” means all of the “Collateral” 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 Collateral Agent for the benefit of the Secured Parties. 

“Collateral Agent” means Pathlight Capital LP in its capacity as collateral agent for the Secured Parties, and its successors
and assigns in such capacity. 
 “Collateral Documents” means, collectively, the Security Agreement, the Pledge Agreement,
each Joinder Agreement, each IP Security Agreement, the AUS Security Documents, each of the Mortgages, each of the collateral assignments, security agreements, pledge agreements or other similar agreements delivered to the Administrative Agent pursuant to Section 6.14, and each of the other agreements,
instruments or documents that creates or purports to create a Lien in favor of the Collateral Agent for the benefit of the Secured Parties. 

“Commitment” means, as to each Lender, its
obligation to make an advance of a Term Loan up to the maximum principal amount shown on Schedule 1.01(b) or an Assignment and Assumption to which it is a
party the US Term Loan Commitment and the AUS Term Loan Commitment. 
 “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. 
 “Compliance Certificate” means a certificate
substantially in the form of Exhibit C, by which the Borrower certifies compliance with Section 7.11, and the other matters contained
therein; provided, that, notwithstanding anything to the contrary in such form, after the Second Amendment Effective
Date, the Consolidated Fixed Charge Coverage Ratio shall not be required to be calculated. 

“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. 

  
 9 

 “Consolidated Borrowing Base Report” means a report of the Borrower, in
substantially the form of Exhibit D, setting forth each of the ABL Borrowing Base and the Term Loan Borrowing Base. 

“Consolidated Capital Expenditures” means, for any period, for the Borrower and its Subsidiaries on a Consolidated basis, all
Capital Expenditures. 
 “Consolidated Cash Flow” means, for any period, (a) Consolidated EBITDA for such period,
minus (b) Consolidated Capital Expenditures (except those financed with Indebtedness for borrowed money other than ABL Loans) for such period, minus (c) the aggregate amount of federal, state and local income taxes paid in cash during such
period, minus (d) cash payments pertaining to the Borrower’s U.S. post-retirement defined benefit plan that were not included in calculating Consolidated Net Income for such period, minus (e) Consolidated Interest Charges to the
extent paid in cash during such period, minus (f) the aggregate principal amount of all redemptions or similar acquisitions for value of outstanding Indebtedness for borrowed money or regularly scheduled principal payments with respect to any
Indebtedness for borrowed money, in each case during such period (excluding, for the avoidance of doubt, voluntary payments or principal prepayments of the ABL Loans except if in conjunction with a reduction in Revolving Commitments). 

“Consolidated EBITDA” means, for any period, the sum of the following determined on a Consolidated basis, without
duplication, for the Borrower and its Subsidiaries in accordance with GAAP, 
 (a) Consolidated Net Income for the most
recently completed Measurement Period, plus 
 (b) the following to the extent deducted in calculating such
Consolidated Net Income (without duplication): (i) Consolidated Interest Charges, (ii) the provision for federal, state, local and foreign income taxes payable, (iii) depreciation and amortization expense, and (iv) non-cash
expenses and losses relating to pensions (excluding any such non-cash charges or losses to the extent (A) there were cash charges with respect to such charges and losses in past accounting periods or (B) there is a reasonable expectation
that there will be cash charges with respect to such charges and losses in future accounting periods), less 
 (c)
from and after the earlier of (i) Consolidated Fixed Charge Coverage Ratio Stabilization Date, or (ii) December 31, 2022, cash payments pertaining to the Borrower’s U.S. post-retirement defined benefit plan that were not included
in calculating Consolidated Net Income, less 
 (d) without duplication and to the extent reflected as a gain or
otherwise included in the calculation of Consolidated Net Income for such period, non-cash gains relating to pensions (excluding any such non-cash gains to the extent (A) there were cash gains with respect to such gains in past accounting
periods or (B) there is a reasonable expectation that there will be cash gains with respect to such gains in future accounting periods), provided that if any non-cash expenses or income related to pensions in the current accounting
period are ever paid for or received in cash in a future accounting period, the Consolidated EBITDA for the future accounting period will reflect the associated increase or decrease from receipt or payment. 

  
 10 

 “Consolidated Fixed Charge Coverage Ratio” means, as of any date of
determination, the ratio of (a) the sum of (i) Consolidated EBITDA, less (ii) the aggregate amount of all Consolidated Capital Expenditures (except those financed with Indebtedness for borrowed money other than ABL Loans),
less (iii) the aggregate amount of federal, state, local and foreign income taxes paid in cash, to (b) the sum of (i) Consolidated Interest Charges to the extent paid in cash, plus (ii) the aggregate principal
amount of all redemptions or similar acquisitions for value of outstanding debt for borrowed money or regularly scheduled principal payments (excluding, for the avoidance of doubt, voluntary payments or principal prepayments of the ABL Loans except
if in conjunction with a reduction in the Revolving Commitment), plus (iii) Restricted Payments, in each case, of or by the Borrower and its Subsidiaries for the most recently completed Measurement Period. 

“Consolidated Fixed Charge Coverage Ratio Stabilization Date” means the first date occurring after March 31, 2023 that
the Administrative Agent shall have received a certificate of a Responsible Officer of the Borrower demonstrating that the Consolidated Fixed Charge Coverage Ratio of the Borrower and its Subsidiaries as of the end of the most recently ended
Measurement Period was at least 1.00 to 1.00 for two (2) consecutive quarters. 
 “Consolidated Funded Indebtedness”
means, as of any date of determination, for the Borrower and its 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 Obligations
under the ABL Facility) and all obligations evidenced by bonds, debentures, notes, loan agreements or other similar instruments; (b) all purchase money Indebtedness; (c) the principal portion of all obligations under conditional sale or
other title retention agreements relating to Property purchased by such Person (other than customary reservations or retentions of title under agreements with suppliers entered into in the Ordinary Course of Business); (d) the maximum amount
available to be drawn under issued and outstanding Letters of Credit, bankers’ acceptances, bank guaranties, surety bonds and similar instruments; (e) all obligations in respect of the deferred purchase price of property or services (other
than trade accounts payable in the Ordinary Course of Business); (f) all Attributable Indebtedness; (g) all preferred stock or other Equity Interests providing for mandatory redemptions, sinking fund or like payments prior to the Maturity
Date; (h) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on, or payable out of the proceeds of production from, Property owned or
acquired by such Person, whether or not the obligations secured thereby have been assumed; (i) the Swap Termination Value, if any, under any Swap Contract; (j) without duplication, all Guarantees with respect to outstanding Indebtedness of
the types specified in clauses (a) through (i) above of Persons other than the Borrower or any Subsidiary; and (k) all Indebtedness of the types referred to in clauses (a) through (i) 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 Subsidiary is a general partner or joint venturer, unless such Indebtedness is expressly made non-recourse to the Borrower or
such Subsidiary. 

  
 11 

 “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 Subsidiaries on a Consolidated basis for the most recently completed Measurement Period. 

“Consolidated Leverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness
as of such date, to (b) Consolidated EBITDA for the most recently completed Measurement Period. 
 “Consolidated Net
Income” means, at any date of determination, the net income (or loss) of the Borrower and its Subsidiaries on a Consolidated basis before discontinued operations for the most recently completed Measurement Period; provided that
Consolidated Net Income shall exclude (a) extraordinary gains and extraordinary losses for such Measurement Period, (b) the net income of any Subsidiary during such Measurement Period to the extent that the declaration or payment of
dividends or similar distributions by such 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 Subsidiary during such Measurement Period, and
(c) any income (or loss) for such Measurement Period of any Person if such Person is not a Subsidiary, except that the Borrower’s equity in the net income of any such Person for such Measurement Period shall be included in Consolidated Net
Income up to the aggregate amount of cash actually distributed by such Person during such Measurement Period to the Borrower or a Subsidiary as a dividend or other distribution (and in the case of a dividend or other distribution to a Subsidiary,
such Subsidiary is not precluded from further distributing such amount to the Borrower as described in clause (b) of this proviso). For the avoidance of doubt, gains from the sale of any real property will not be included in Consolidated Net
Income. 
 “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. “Controlling” and “Controlled” have meanings correlative thereto. 

“Corporate Rating” means, as of any date of determination, the rating as determined by either S&P or Moody’s
(collectively, the “Corporate Ratings”) of the corporate credit rating or corporate family rating of any Person. 

  
 12 

 “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 value of the Equity Interests of the Borrower or any Subsidiary to be transferred in connection with such Acquisition, (b) the amount of
any cash and fair market value of other property (excluding property described in clause (a) and the unpaid principal amount of any debt instrument) given as consideration in connection with such Acquisition, (c) the amount (determined by
using the face amount or the amount payable at maturity, whichever is greater) of any Indebtedness incurred, assumed or acquired by the Borrower or any Subsidiary in connection with such Acquisition, (d) all additional purchase price amounts in
the form of earn-outs and other contingent obligations that should be recorded on the financial statements of the Borrower and its Subsidiaries in accordance with GAAP in connection with such Acquisition, (e) all amounts paid in respect of
covenants not to compete and consulting agreements that should be recorded on the financial statements of the Borrower and its Subsidiaries in accordance with GAAP, and other affiliated contracts in connection with such Acquisition, and (f) the
aggregate fair market value of all other consideration given by the Borrower or any Subsidiary in connection with such Acquisition. For purposes of determining the Cost of Acquisition for any transaction, the Equity Interests of the Borrower shall
be valued in accordance with GAAP. 
 “Debt Issuance” means the issuance by any Loan Party or any Subsidiary of any
Indebtedness other than Indebtedness permitted under Section 7.03. 
 “Debtor Relief Laws” means 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, including the Australia Corporations Act. 
 “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. 
 “Defaulting Lender”
means, subject to Section 2.15(b), any Lender that has, or has a direct or indirect parent company that has, (a) become the subject of a proceeding under any Debtor Relief Law, (b) 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 (c) 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 (c) 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 and each other Lender promptly
following such determination. 

  
 13 

 “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 LIBO Rate
plus the Applicable Margin plus two percent (2%), in each case, to the fullest extent permitted by applicable Law. 
 “Designated Disbursement Account” has the meaning set forth in the ABL Credit Agreement. 
 “Designated Jurisdiction” means any country, region or territory to the
extent that such country, region or territory is the subject of any comprehensive Sanction. 
 “Disposition” or
“Dispose” means the sale, transfer, license, lease or other disposition (including any Sale and Leaseback Transaction) of any Property by Borrower or any of its Subsidiaries (including the Capital Stock of any Subsidiary), 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, including any disposition of property to a Delaware Divided LLC pursuant to a Delaware LLC
Division, but excluding: (a) the Permitted Transfers; (b) any sale, lease, license, transfer or other disposition of Property to any Loan Party; (c) any Disposition to the extent constituting a Permitted Investment; and (d) any
sale, lease, license, transfer or other disposition of Property by any Foreign Subsidiary to Borrower or any of its Subsidiaries. 

“Division” means the creation of one or more new limited liability companies by means of any statutory division of a limited
liability company pursuant to any applicable limited liability company act or similar statute of any jurisdiction. “Divide” shall have a meaning correlative to the foregoing. 

“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. 
 “Dominion Account” means
aone or
more special accountaccounts established by the U.S. Borrower at Bank of America or otheranother
 bank reasonably acceptable to the Administrative Agent, over which the AdministrativeABL Agent has exclusive control for withdrawal purposes. 

“Dominion Trigger Period”
means, pursuant to the irrevocable election of the Borrower on the Second Amendment Effective Date, the period (a) commencing on any day that (i) an Event of Default occurs or (ii) Availability at any time is less than
the greater of (A) $13,500,000 and (B) 15% of the ABL Line CapFebruary 1,
2022, and (b) continuing until the date that, at all times during each of the preceding 30 consecutive days, both
(i) no Event of Default has occurred or been continuing and (ii) Availability has been greater than the greater of (A) $13,500,000
and (B) 15% of the ABL Line Cap (provided
that Dominion Trigger Periods shall not end more than three times in any calendar year).Obligations
(other than contingent obligations) have been paid in full in cash and the Commitments have been terminated.  

  
 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 Account” shall have the meaning assigned to such term in the ABL Credit Agreement; provided that (i) all references therein to a Lien (or Agent’s Lien) on such
Accounts in favor of ABL Agent shall mean and refer to a Lien (or Agent’s Lien) in favor of the Collateral Agent, with the priority set forth in the Intercreditor Agreement, and (ii) all references to the “Borrower” therein shall mean the U.S. Borrower only. 
 “Eligible Accounts Advance Rate” shall mean with respect to Eligible
Accounts, 95%. 
 “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)). 

“Eligible
AUS Real Property” means the Australian Real Property, so long as, except as otherwise agreed by the
Administrative Agent, such Real Property Collateral satisfies all of the following conditions:  

(a) the
Australian Borrower owns such Real Property Collateral in fee simple absolute; 

(b) such Real
Property Collateral complies in all material respects with each of the representations and warranties respecting Real Property Collateral made in the Loan Documents; 

(c) such Real
Property Collateral constitutes Term Loan Priority Collateral;  

  
 15 

(d) the
Administrative Agent shall have received evidence that all actions that the Administrative Agent may reasonably deem necessary or appropriate in order to create a valid first and subsisting Lien on such Real Property has been taken; and 

(e) the
Administrative Agent shall have received a Real Property Appraisal with respect to such Real Property reasonably acceptable to the Administrative Agent. 

As of the
Second Amendment Effective Date, the Australian Real Property shall constitute Eligible AUS Real Property. 

“Eligible
 AUS Real Property Amount” shall mean, on any date of determination, the U.S. Dollar equivalent of AU $35,310,000.00, based upon the prevailing exchange rate of Australian dollars to U.S. Dollars as of such date of
determination. 
 “Eligible Inventory (Raw Materials and Finished Goods)” shall have the meaning
assigned to such term in the ABL Credit Agreement; provided that (i) all references therein to a Lien (or Agent’s Lien) on such Accounts in favor of ABL Agent shall mean and refer to a Lien (or Agent’s Lien) in favor of the Collateral Agent, with the priority set forth in
the Intercreditor Agreement, and (ii) all references to the “Borrower” therein shall mean the
U.S. Borrower only. 
 “Eligible Inventory (Raw Materials and Finished Goods) Advance Rate” shall
mean, with respect to Eligible Inventory, 95%. (Raw
Materials and Finished Goods), 95%, and (ii) with respect to Eligible Inventory (WIP), 50%.”Eligible Inventory (WIP)” means Inventory consisting solely of first quality work in process Inventory owned by the U.S. Borrower that the
Agent, in its Permitted Discretion, deems to be Eligible Inventory (WIP). Without limiting the foregoing, no Inventory shall be Eligible Inventory (WIP) unless it (a) is not packaging or shipping materials, labels, samples, display items or
bags; (b) is not held on consignment, nor subject to any deposit or down payment; (c) is not damaged, defective, shopworn or otherwise unfit for processing into finished goods inventory; (d) [reserved]; (e) meets all standards
imposed by any Governmental Authority, has not been acquired from a Person that is the target of any Sanction or on any specially designated nationals list maintained by OFAC, and does not constitute hazardous materials under any Environmental Law;
(f) conforms with the covenants and representations herein and in the other Loan Documents; (g) is subject to the Agent’s duly perfected, second priority Lien, and no other Lien; (h) is at a Permitted Inventory Location within
the United States (including any state or commonwealth thereof), is not in transit except between locations of the Borrower and is not consigned to any Person; (i) is not subject to any warehouse receipt or negotiable Document; (j) is not
subject to any License or other arrangement that restricts the U.S. Borrower’s or the Administrative Agent’s right to dispose of such Inventory, unless the Administrative Agent has received an appropriate Lien Waiver; (k) is not
located on leased premises or in the possession of a warehouseman, processor, repairman, mechanic, shipper, freight forwarder or other Person, unless the lessor or such Person has delivered a Lien Waiver or an appropriate reserve has been
established; and (l) it does not consist of any purchase price variance.  

“Eligible
 Inventory (WIP) Advance Rate” shall mean, with respect to Eligible Inventory (WIP), 50%. 

  
 16 

 “Eligible Machinery and Equipment” means all Equipment owned by the U.S. Borrower for which the Administrative Agent shall have received an
appraisal (based upon Appraised Value) of such Equipment by an appraiser engaged by the Administrative Agent (and in form and substance reasonably satisfactory to the Agent), excluding, in any event, any such Equipment with respect to which
any of the exclusionary criteria set forth below applies (unless Administrative Agent in its Permitted Discretion elects to include such Equipment): 

(a) the
U.S. Borrower does not have good, valid and marketable title
thereto; or 
 (b) such Equipment is not located in the United States; or 

(c) such Equipment is located in a public warehouse or in possession of a bailee or in a facility leased by the U.S. Borrower; provided that Equipment situated at a location not
owned by a Loan Party will be Eligible Machinery and Equipment if the Administrative Agent has received a Lien Waiver with respect to such location (and, if no such Lien Waiver has been received with respect to such location, such Equipment may
nevertheless be Eligible Machinery and Equipment in the Permitted Discretion of the Administrative Agent but the Administrative Agent may impose Rent and Charges Reserves with respect to such location); or 

(d) it is not at all times subject to the Administrative Agent’s duly perfected first-priority security interest or is
subject to a Lien that is not a Permitted Lien; or 
 (e) it is obsolete, unmerchantable or is not in good working condition;
or 
 (f) it is damaged or defective and is not repairable; or 

(g) it is located at an outside repair facility (unless payables in respect thereof are reserved); or 

(h) it is not serviced or maintained in accordance with industry standards; or 

(i) it does not conform in all material respects to any covenants, warranties and representations set forth in this Agreement;
or 
 (j) it does not meet in all material respects all standards imposed by any applicable Governmental Authority; or 

(k) it is not used or held for sale in the Ordinary Course of Business; 

(l) it is not covered by casualty insurance reasonably acceptable to the Administrative Agent; or 

(m) it constitutes a “Fixture” under the applicable laws of the jurisdiction in which such Equipment is located. 

  
 17 

 If any Equipment at any time ceases to be Eligible Machinery and Equipment for any reason
(including any permitted Disposition thereof), such Equipment shall promptly be excluded from the calculation of the US
Term Loan Borrowing Base. 
 “Eligible Real Property”: shall mean the
Eligible AUS Real Property and the Eligible US Real Property. 
 “Eligible US Real Property” means such Real Property
Collateral deemed by the Administrative Agent in its Permitted Discretion to be eligible for inclusion in the calculation of the
US Term Loan Borrowing Base and which, except as otherwise
agreed by the Administrative Agent, satisfies all of the following conditions: 
 (a) athe
U.S. Borrower owns such Real Property Collateral in fee simple absolute; 

(b) such Real Property Collateral complies in all material respects with each of the representations and warranties respecting
Real Property Collateral made in the Loan Documents and which satisfies all of the following conditions as determined by the Administrative Agent in its Permitted
Discretion; 
 (c) such Real Property Collateral
constitutes Term Loan Priority
Collateral,;
 
 (d) the Administrative Agent shall have received evidence that all
actions that the Administrative Agent may reasonably deem necessary or appropriate in order to create valid first and subsisting Liens on the property described in the Mortgages has been taken; 

(e) the Administrative Agent shall have received
a Real Property Appraisal with respect to such Real Property reasonably acceptable to the
Administrative Agent; and 
 (f) the Mortgaged Property Support Documents with respect to such Real Property have been delivered to the
Administrative Agent’s satisfaction. 
 As of the Closing Date, each of the properties set forth on Schedule 1.01(d)
attached hereto shall constitute Eligible US Real Property.

 “Eligible
US Real Property Advance Rate” shall mean with
respect to Eligible US Real Property, 35%45%; provided
that such percentage shall be reduced by 0.50% on the last day of each calendar month, commencing January 31, 2022 through the Maturity Date. 

“Environmental Agreement” means each agreement of the Loan Parties with respect to any Eligible Real Property, pursuant to
which the Loan Parties agree to indemnify and hold harmless the Administrative Agent and other Secured Parties from liability under any Environmental Laws, each in form and substance reasonably acceptable to the Administrative Agent. 

  
 18 

 “Environmental Laws” means any and all federal, state, local, and foreign
statutes, laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or governmental restrictions relating to pollution and the protection of the environment or the release of any
materials into the environment, including those related to hazardous substances or wastes, 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), of the Borrower, any other Loan Party or any of their respective Subsidiaries directly or indirectly resulting from or based upon (a) violation of any Environmental Law, (b) the
generation, use, handling, transportation, storage, treatment or disposal of any Hazardous Materials, (c) exposure to any Hazardous Materials, (d) the release or threatened release of any Hazardous Materials into the environment 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, approval, identification number, license or other authorization required under any
Environmental Law. 
 “Equipment” means all “equipment” as defined in the UCC and includes all machinery,
apparatus, equipment, fittings, furniture, fixtures, motor vehicles and other fixed assets owned by the Borrower and used or held for sale by the Borrower in the Ordinary Course of Business, whether now owned or hereafter acquired by the Borrower
and wherever located, and all parts, accessories and special tools and all increases and accessions thereto and substitutions and replacements therefor. 

“Equity Interests” means, with respect to any Person, any Capital Stock or Capital Stock Equivalents of such Person. 

“Equity Issuance” means, any issuance by any Loan Party or any Subsidiary to any Person of its Equity Interests, other than
(a) any issuance of its Equity Interests pursuant to the exercise of options or warrants, (b) any issuance of its Equity Interests pursuant to the conversion of any debt securities to equity or the conversion of any class of equity
securities to any other class of equity securities, (c) any issuance of options or warrants relating to its Equity Interests, and (d) any issuance by the Borrower of its Equity Interests as consideration for a Permitted Acquisition. The
term “Equity Issuance” shall not be deemed to include any Disposition. 
 “ERISA” means the Employee Retirement
Income Security Act of 1974, as amended, and the rules and regulations promulgated thereunder. 
 “ERISA Affiliate” means
any trade or business (whether or not incorporated) under common control with the Borrower within the meaning of Section 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 the Borrower 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 

  
 19 

 
Section 4062(e) of ERISA; (c) a complete or partial withdrawal by the Borrower or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is in
reorganization; (d) the filing of a notice of intent to terminate, 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 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 the Borrower or any ERISA Affiliate or (i) a failure by the Borrower 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 the Borrower 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. 
 “Event of Default” has the meaning specified in
Section 8.01. 

“Exchange
 Rate” means for any currency, on any day, the rate determined by the Administrative Agent as the spot rate for the purchase of such currency with another applicable currency through any internationally recognized foreign exchange dealer or
other internationally recognized currency quotation source designated by the Administrative Agent in its sole (but reasonable) discretion. 

“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 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 Term Loan pursuant to a law in effect on the date on which (i) such Lender acquires such interest
in the Term Loan (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 Section 3.01(a)(ii),
(a)(iii) or (c), 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(e) and (d) any U.S. federal withholding Taxes imposed pursuant to FATCA. 

  
 20 

 “Extraordinary Receipt” means any cash received by or paid to or for the
account of any Person not in the Ordinary Course of Business, including tax refunds, pension plan reversions, proceeds of insurance (other than proceeds of business interruption insurance to the extent such proceeds constitute compensation for lost
earnings and proceeds of Involuntary Dispositions), indemnity payments and any purchase price adjustments; provided, however, that an Extraordinary Receipt shall not include cash receipts from proceeds of insurance or indemnity
payments to the extent that such proceeds, awards or payments are received by any Person in respect of any third party claim against such Person and applied to pay (or to reimburse such Person for its prior payment of) such claim and the costs and
expenses of such Person with respect thereto. 
 “Facility” means the aggregate principal amount of the Term Loans of all
Lenders outstanding at such time. 
 “Facility Termination Date” means the date as of which all of the following shall have
occurred: (a) all Obligations (other than contingent indemnification obligations that are not then identifiable or
due and payable and that by their terms survive the payment in full of the Obligations) have been indefeasibly paid in full in cash, including any interest, fees and other charges accruing during
a proceeding under any Debtor Relief Law (whether or not allowed in such proceeding) or Cash
Collateralized, and (b) all Obligations consisting of asserted but unpaid contingent indemnification obligations have been Cash Collateralized (or other arrangements with respect thereto
satisfactory to the Administrative Agent 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 and any agreements entered into
pursuant to Section 1471(b)(1) of the Code. 
 “Federal Funds Rate” means (a) the weighted average per annum
interest rate on overnight federal funds transactions with members of the Federal Reserve System on the applicable day (or the preceding Business Day, if the applicable day is not a Business Day), as published by the Federal Reserve Bank of New York
on the next Business Day; or (b) if the rate is not so published, the average per annum rate (rounded up to a whole multiple of 1/100 of 1%) charged to Bank of America on the applicable day on such transactions, as determined by the
Administrative Agent; provided, that, in no event shall the Federal Funds Rate be less than zero. 
 “Fee Letter”
means the Second Amended and Restated Fee Letter dated as of the
FirstSecond
 Amendment Effective Date, between the BorrowerBorrowers and the Administrative Agent. 

“Financial Covenant Trigger Period”
means, from and after March 31, 2023, any period (x) commencing on any day that (i) an Event of Default occurs or (ii) Availability at any time is less than the greater of (A) $11,250,000 and (B) 12.5% of the ABL Line
Cap, and (y) continuing until the date that, at all times during each of the preceding 30 consecutive days, both (i) no Event of Default has occurred or been continuing and (ii) Availability has been greater than the greater of
(A) $11,250,000 and (B) 12.5% of the ABL Line Cap. 

  
 21 

 “First Amendment” means that certain First Amendment to Term Loan
Agreement, dated as of the First Amendment Effective Date, by and among the Administrative Agent, the Collateral Agent, the Borrower, the other Loan Parties and each Lender party thereto. 

“First Amendment Effective Date” means November 1, 2021. 

“Flood Hazard Property” means any Mortgaged Property that is in an area designated by the Federal Emergency Management Agency
as having special flood or mudslide hazards. 
 “Flood Laws” means the National Flood Insurance Act of 1968, Flood Disaster
Protection Act of 1973, and related laws, rules and regulations, including any amendments or successor provisions. 

“FLSA” means the Fair Labor Standards Act of 1938. 

“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 Plan” means any employee benefit plan
or arrangement (a) maintained or contributed to by any Loan Party or Subsidiary that is not subject to the laws of the United States; or (b) mandated by a government other than the United States for employees of any Loan Party or
Subsidiary. 
 “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. 

“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. 
 “Funded
Indebtedness” means, as to any Person at a particular time, without duplication, the principal amount of all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP: 

(a) all obligations for borrowed money, whether current or long-term (including the Obligations) and all obligations of such
Person evidenced by bonds, debentures, notes, loan agreements or other similar instruments; 
 (b) all purchase money
Indebtedness; 

  
 22 

 (c) the principal portion of all obligations under conditional sale or other
title retention agreements relating to Property purchased by such Person (other than customary reservations or retentions of title under agreements with suppliers entered into in the Ordinary Course of Business); 

(d) all obligations arising under standby letters of credit and similar obligations that back obligations that would constitute
Indebtedness (but specifically excluding those that support performance obligations); 
 (e) all obligations in respect of
the deferred purchase price of property or services (other than trade accounts payable in the Ordinary Course of Business and other than obligations with respect to compensation in each case that are not past due for more than ninety
(90) days); 
 (f) all Attributable Indebtedness; 

(g) all preferred stock or other Equity Interests providing for mandatory redemptions, sinking fund or like payments; 

(h) all Funded Indebtedness of others secured by (or for which the holder of such Funded Indebtedness has an existing right,
contingent or otherwise, to be secured by) any Lien on, or payable out of the proceeds of production from, Property owned or acquired by such Person, whether or not the obligations secured thereby have been assumed; 

(i) all Guarantees with respect to Funded Indebtedness of the types specified in clauses (a) through (h) above of
another Person; and 
 (j) all Funded Indebtedness of the types referred to in clauses (a) through
(h) above 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 joint venturer and has liability for such obligations, but
only to the extent there is recourse to such Person for payment thereof. 
 For purposes hereof, except as provided in clause
(d) above, obligations arising under letters of credit and similar instruments shall not constitute Funded Indebtedness. 

“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 the terms of the
Credit Agreement. 

  
 23 

 “Governmental Authority” means the government of the United States or any
other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or
administrative powers or functions of or pertaining to government (including, 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 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). 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 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, the Subsidiaries of the Borrower as are or may from time to time become parties to this
Agreement pursuant to Section 6.13, and any other Person that guarantees payment and/or performance of the Obligations (including, without limitation,
any Person party
heretoeach of the Loan Parties with respect to
the guaranty made under Article X). 
 “Guaranty” means, collectively, the Guarantee made by each of the GuarantorsLoan
Parties under Article X in favor of the Secured Parties, together with each other guaranty delivered pursuant to Section 6.13. 

“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. 

  
 24 

 “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
Funded Indebtedness; 
 (b) the Swap Termination Value of any Swap Contract; 

(c) all Guarantees with respect to outstanding Indebtedness of the types specified in clauses (a) and
(b) above of any other Person; and 
 (d) all Indebtedness of the types referred to in clauses
(a) through (c) above 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 joint venturer, and has liability for
such obligations, but only to the extent there is recourse to such Person for payment thereof. 
 “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.

 “Indemnitees” has the meaning specified in Section 11.04(b). 

“Information” has the meaning specified in Section 11.07. 

“Inspection Trigger Event” means either
(a) the occurrence of an Event of Default or (b) Availability at any time is less than the greater of (i) $18,000,000 and (ii) 20.0% of the ABL Line Cap. 

“Insurance Subsidiary” means a Subsidiary established by Borrower or any of its Subsidiaries for the purpose of, and to be
engaged solely in the business of, insuring the businesses or facilities owned or operated by Borrower or any of its Subsidiaries or joint ventures or to insure unrelated businesses, provided that such unrelated business premiums do not
exceed 35% of the annual premiums collected by such Subsidiary. 
 “Intellectual Property” has the meaning set forth in the
Security Agreement. 
 “Intercompany Debt” means intercompany indebtedness among any of the Borrower and its Subsidiaries, and specifically including the AUS Intercompany Indebtedness.

 “Intercreditor Agreement” means that certain Amended and Restated Intercreditor Agreement dated as of the date hereofSecond
Amendment Effective Date, between the ABL Agent and Agent, and acknowledged by the Loan
Parties, as amended, restated, supplemented or modified from time to time in accordance with its
terms. 
 “Interest Payment Date” means, (i) the first
Business Day of each month, commencing with the first such date to occur after the Closing Date and continuing to the Facility Termination Date, (ii) any date of prepayment, with respect to the principal amount of Term Loans being prepaid on
such date, and (iii) the Facility Termination Date. 

  
 25 

 “Inventory” has the meaning set forth in the UCC or any other Law, as
applicable, including all goods intended for sale, lease, display or demonstration; all goods provided under a contract for services; all work in process; and all raw materials, and other materials and supplies of any kind that are or could be used
in connection with the manufacture, transformation, printing, packing, shipping, advertising, sale, lease or furnishing of such goods, or otherwise used or consumed in a Loan Party’s business (but excluding Equipment). 

“Inventory Appraisal” means (a) on the Closing Date, Hilco Valuation Services’ report dated November 27, 2019
(as of September 30, 2019), and (b) thereafter, the most recent Inventory appraisal conducted by an independent appraisal firm reasonably acceptable to Administrative Agent and delivered pursuant to Section 6.10 of the ABL Credit
Agreement. 
 “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 at any time shall be the amount actually invested, as determined at the time of each such Investment, without adjustment for subsequent increases or decreases in the value of such Investment, net of
(i) any return representing a return of capital with respect to such Investment and (ii) any dividend, distribution or other return on capital with respect to such Investment. 

“Investment
 Bank” means Houlihan Lokey, Inc., together with its successors and assigns consented to by the Required Lenders. 

“Investment
 Bank Engagement Letter” has the meaning specified in Section 6.25. 

“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 Subsidiary. 
 “IP Security Agreement” means a security agreement pursuant to
which a Loan Party grants a Lien on its Intellectual Property to Collateral Agent, as security for its Obligations, in form and substance reasonably acceptable to Collateral Agent. 

“IRS” means the United States Internal Revenue Service. 

“Joinder Agreement” means a joinder agreement substantially in the form of Exhibit L executed and delivered in
accordance with the provisions of Section 6.13. 

  
 26 

 “Landlord Waiver” means a landlord or warehouse waiver substantially in the
form of Exhibit K. 
 “Laws” means, collectively, all international, foreign, federal, state 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. 

“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 assigns. 
 “Lending Office”
means, as to the Administrative Agent 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. 

“Letters of Credit” means any standby or documentary letter of credit, foreign guarantee or banker’s acceptance. A
Letter of Credit may be a commercial letter of credit or a standby letter of credit. 
 “LIBO Rate” means the offered rate
per annum for deposits of Dollars for a period of three months equal to the London interbank offered rate (“LIBOR”) that appears on Reuters Screen LIBOR01 page (or any successor page) as of 11:00 A.M. (London, England time) on the
second Business Day preceding the first day of each month, or if such day is not a Business Day, on the immediately preceding Business Day. Subject to Section 3.04, if no such offered rate exists, such rate will be the rate of interest
per annum, as determined by the Agent, at which deposits of Dollars in immediately available funds are offered by major financial institutions reasonably satisfactory to the Agent in the London interbank market at 11:00 A.M. (London, England time)
for a period of three months on the day such rate is being determined. The LIBO Rate will be adjusted automatically on the first day of each calendar month to reflect the then current LIBO Rate. In all events, the LIBO Rate shall not be less than
1.50%. 
 “LIBOR” has the meaning specified in the definition of LIBO Rate. 

“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 from time to time). 

“LIBOR Successor Rate” has the meaning
specified in Section 3.04(a).”License” means any license or agreement under which any Loan Party is authorized to use Intellectual Property
in connection with any manufacture, marketing, distribution or disposition of Collateral, any use of Property or any other conduct of its business. 

  
 27 

 “Licensor” means any Person from whom any Loan Party obtains the right to
use any Intellectual Property under a License. 
 “Lien” means any mortgage, pledge, hypothecation, assignment, deposit
arrangement, encumbrance, lien (statutory or otherwise), 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, and without limitation, any “security interest” as defined in sections 12(1) and 12(2) of the Australian
PPSA). 
 “Lien Waiver” means an agreement, in form and
substance satisfactory to the Administrative Agent, by which (a) for any material Collateral located on leased premises, the lessor waives or subordinates any Lien it may have on the Collateral, and allows the Administrative Agent to enter the
premises and remove, store and dispose of Collateral; (b) for any Collateral held by a warehouseman, processor, shipper, customs broker or freight forwarder, such Person waives or subordinates any Lien it may have on the Collateral, agrees to
hold any Documents in its possession relating to the Collateral as agent for the Administrative Agent, and agrees to deliver Collateral to the Administrative Agent upon request; (c) for any Collateral held by a repairman, mechanic or bailee,
such Person acknowledges the Administrative Agent’s Lien, waives or subordinates any Lien it may have on the Collateral, and agrees to deliver Collateral to the Administrative Agent upon request; and (d) for any Collateral subject to a
Licensor’s Intellectual Property rights, the Licensor grants to the Administrative Agent the right, vis-à-vis such Licensor, to enforce the Administrative Agent’s Liens with respect to the Collateral, including the right to dispose
of it with the benefit of the Intellectual Property, whether or not a default exists under any applicable License. 
 “Loan
Documents” means, collectively, (a) this Agreement, (b) the Notes, (c) the Guaranty, (d) the Collateral Documents, (e) the Fee Letter, (f) each Compliance Certificate, (g) each Joinder Agreement,
(h) any agreement creating or perfecting rights in Cash Collateral pursuant to the provisions of Section 2.14, (i) each Consolidated Borrowing Base Report, (j) each other Mortgaged Property Support Document, (k) the Intercreditor
Agreement, (1) the AUS Subordination Agreement, and
(lm
) all other certificates, agreements, documents and instruments executed and delivered, in each case, by or on behalf of any Loan Party pursuant to the foregoing. 

“Loan Parties” means, collectively,
theeach
 Borrower and each Guarantor. 
 “LOI” has the meaning set forth in Section 6.26(c).

 “M&E Advance Rate” shall mean,
4545.0
%; provided that such percentage shall be reduced by 0.50% on
the last day of each calendar month commencing January 31, 2022 through the Maturity Date; provided, further that such percentage shall be reduced by 3.00% per $1,000,000.00 pay down of
the principal balance of the Term Loans (prorated for pay downs of less than $1,000,000.00), including all prepayments of principal and scheduled amortization payments pursuant to Sections 2.05 and 2.07 (other than in connection with the South Gate
Disposition).2.07. 

  
 28 

 “M&E Reserves” means such reserves against the US Term Loan Borrowing Base as the Administrative Agent from time to
time determines in the Administrative Agent’s Permitted Discretion as being appropriate to reflect the impediments to the Administrative Agent’s and the Lenders’ ability to realize upon any Eligible Machinery and Equipment or to
reflect claims and liabilities that the Administrative Agent and the Required Lenders determines will need to be satisfied in connection with the realization upon any Eligible Machinery and Equipment and including, but not limited to, Rent and
Charges Reserves (as defined in the ABL Agreement), without duplications for any Rent and Charges Reserves taken by the ABL Agent. 

“Material Adverse Effect” means (a) a material adverse change in, or a material adverse effect upon, the operations,
business, properties, liabilities (actual or contingent) or condition (financial or otherwise) of the Borrower and its Subsidiaries, taken as a whole; (b) a material impairment of the rights and remedies of the Administrative Agent or any
Lender under any Loan Document, or of the ability of the Borrower, individually, or of the Loan Parties, taken as a whole, to perform its or their respective obligations under any Loan Document to which it is or they are a party; or (c) a
material adverse effect upon the legality, validity, binding effect or enforceability against any Loan Party of any Loan Document to which it is a party. 

“Material Contract” means (a) the ABL Credit Agreement, and (b) with respect to any Person, each contract or
agreement (i) to which such Person is a party involving aggregate consideration payable to or by such Person of $3,500,000 or more in any year, (ii) otherwise material to the business, condition (financial or otherwise), operations,
performance or properties of such Person or (iii) any other contract, agreement, permit or license, written or oral, of the Borrower and its Subsidiaries as to which the breach, nonperformance, cancellation or failure to renew by any party
thereto, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 
 “Material Domestic
Subsidiary” means any Domestic Subsidiary of Borrower that individually, or together with its Subsidiaries on a consolidated basis, has assets of more than $1,000,000; provided, that in no event shall any Insurance Subsidiary
constitute a Material Domestic Subsidiary. 
 “Maturity Date” means the earliest to occur of (a) June 23, 2025
and (b) the date on which the ABL Debt has been voluntarily paid in full (other than a contingent obligations for
which no claim has been asserted) and Revolving Commitments have been terminated (other than through a Refinancing) prior to the Maturity Date (as defined in the ABL Credit Agreement). 

“Measurement Period” means (a) for the purpose of determining compliance as of September 30, 2020, the most
recently completed three (3) fiscal quarters of the Borrower ending September 30, 2020, and (b) at all times thereafter, at any date of determination, the most recently completed four (4) fiscal quarters of the Borrower. 

  
 29 

 “Moody’s” means Moody’s Investors Service, Inc. and any successor
thereto. 
 “Mortgage” means each fee mortgage, deed of trust or deed to secure debt executed by a Loan Party that grants a
Lien to the Collateral Agent (or a trustee for the benefit of the Collateral Agent), for the benefit of the Secured Parties, in any Mortgaged
Property, as the same may be amended or modified from time to
time. 
 “Mortgaged Property” means all Real Property owned by
a Loan Party with respect to which such Loan Party has delivered a Mortgage and all Mortgaged Property Support Documents. As of the Closing Date, the Mortgaged Properties are listed in Schedule 5.21(g). 

“Mortgaged Property Support Documents” means, with respect to any Real Property to be encumbered by a Mortgage in accordance
with the terms of this Agreement: 
 (a) a fully executed and notarized Mortgage encumbering the fee interest of a Loan Party
in such Real Property; 
 (b) such assignments of leases, estoppel letters, attornment agreements, consents, waivers and
releases as Collateral Agent may reasonably require with respect to other Persons having an interest in the Real Property; 

(c)
with respect to any Eligible US Real Property, except as otherwise
expressly agreed by Agent in writing, the Collateral Agent shall have received a survey complying with certain requirements of the American Land Title Association in form consistent with those delivered at the Closing, for which all necessary fees
(where applicable) have been paid, certified to the Collateral Agent and the issuer of the Mortgage policies by a land surveyor duly registered and licensed in the state in which the property described in such survey is located and otherwise of a
similar scope as those provided at the Closing; 
 (d) the applicable Loan Party shall have delivered to the
Collateral Agent evidence of flood insurance naming the Collateral Agent as mortgagee as required by the National Flood Insurance Program as set forth in the Flood Disaster Protection Act of 1973, as amended and in effect (or, in the case of the Australian Real Property, any comparable statute under the laws of Australia), which shall be reasonably satisfactory in form and substance to the Collateral Agent; 

(e) without limiting clause (d), as to (i) whether such Real Property is a Flood Hazard Property, and (ii) if
such Real Property is a Flood Hazard Property, (A) whether the community in which such Real Property is located is participating in the National Flood Insurance Program, (B) the applicable Loan Party’s written acknowledgment of
receipt of written notification from the Collateral Agent (1) as to the fact that such Real Property is a Flood Hazard Property, and (2) as to whether the community in which each such Flood Hazard Property is located is participating in
the National Flood Insurance Program, and (C) copies of insurance policies or certificates of insurance of the Loan Parties and each Subsidiary evidencing flood insurance sufficient for compliance with Flood Laws and otherwise satisfactory to
the Collateral Agent and Lenders and naming the Collateral Agent and its successors and/or assigns as sole loss payee on behalf of the Secured Parties; 

  
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 (f) an opinion of legal counsel to the Loan Party granting the Mortgage on
such Real Property, addressed to the Collateral Agent and each Lender, in form and substance reasonably acceptable to the Collateral Agent; 

(g) the Collateral Agent shall have received a Phase I Environmental Site Assessment in accordance with ASTM Standard
E1527-05, in form and substance satisfactory to the Collateral Agent, from an environmental consulting firm reasonably acceptable to the Collateral Agent, which report shall identify recognized environmental conditions and the Collateral Agent shall
be satisfied with the nature of any such matters and Collateral Agent may, upon the receipt of a Phase I Environmental Site Assessment, require the delivery of further environmental assessments or reports to the extent such further assessments or
reports are recommended in the Phase I Environmental Site Assessment or Collateral Agent determines that such further environmental assessments or reports are required, it being agreed that the Loan Parties shall be responsible for all costs and
expenses associated with such assessments and reports; 
 (h) an Environmental Agreement and such other documents,
instruments or agreements as the Collateral Agent may reasonably require with respect to any environmental risks regarding such Real Property; and 

(i) the applicable Loan Party shall have delivered such other information and documents as may be reasonably requested by the
Collateral Agent. 
 “Multiemployer Plan” means any employee benefit plan of the type described in Section 4001(a)(3)
of ERISA, to which the Borrower 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 Plan which has two or more contributing sponsors (including the Borrower 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 Subsidiary in respect of any Disposition, Equity Issuance, 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 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 Subsidiary in any Disposition, Equity Issuance, Debt Issuance or Involuntary Disposition. 

  
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 “NOLV Percentage” means the net orderly liquidation value of Inventory,
expressed as a percentage of Value, expected to be realized at an orderly, negotiated sale held within a reasonable period of time, net of all liquidation expenses, as determined from the most recent Inventory Appraisal approved by the
Administrative Agent. 
 “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 in accordance with the terms of Section 11.01 and (b) has been approved by the Required Lenders. 

“Note” means a promissory note made by the Borrower in favor of a Lender evidencing Term Loans made by such Lender,
substantially in the form of Exhibit H. 
 “Notice of Loan Prepayment” means a notice of prepayment with respect to
a Term 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. 
 “Obligations” means (a) all
advances to, and debts, liabilities, obligations, covenants and duties of, any Loan Party arising under any Loan Document or otherwise with respect to any Term Loan, and (b) all 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 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. 
 “OFAC” means the Office of
Foreign Assets Control of the United States Department of the Treasury. 
 “Officer’s Certificate” means a certificate
substantially the form of Exhibit I or any other form approved by the Administrative Agent. 
 “Operating
Facilities” means, at any time, a collective reference to the facilities and Real Properties owned, leased or operated by Borrower or any of its Subsidiaries. 

“Ordinary Course of Business” means the ordinary course of business of the Borrower or, any other Loan Party or, with respect to the Designated Disbursement
Account, any Subsidiary of the Borrower, undertaken in good faith and consistent with applicable Law and past practices. 

  
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 “Organization Documents” means, (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 or limited liability company agreement (or equivalent or comparable documents with respect to any non-U.S. jurisdiction); (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 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 Term Loan or Loan Document). 

“Original
 US Term Loan” means a Term loan made pursuant to Section 2.01(a). 
 “Original US Term Loan Commitment” means, with respect to each Lender, its obligation to make an advance of the US
Term Loan up to the maximum principal amount shown on Schedule 1.01(b). 
 “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 3.07(b)). 

“Outstanding Amount” means with respect to Term Loans, the aggregate outstanding principal amount thereof after giving effect
to any borrowings and prepayments or repayments of Term Loans, occurring on such date. The Outstanding Amount of all Term Loans as of the
ClosingSecond
Amendment Effective Date is $70,000,000.00.83,250,000.00. 

“Participant” has the meaning specified in Section 11.06(d). 

“Participant Register” has the meaning specified in Section 11.06(d). 

“Payment Conditions” means, with respect to any Acquisition, Investment or Restricted Payment, the satisfaction of the
following conditions: 

  
 33 

 (a) as of the date of any such Acquisition, Investment or Restricted Payment
and immediately after giving effect thereto, no Default or Event of Default has occurred and is continuing; 
 (b) either
(i) (A) the Consolidated Fixed Charge Coverage Ratio (calculated after giving Pro Forma Effect to such Acquisition, Investment or Restricted Payment, as applicable) as of the end of the most recently ended 12 month period prior to the
making of such Acquisition, Investment or Restricted Payment, as applicable, shall be at least 1.00 to 1.00 and (B) Availability (after giving Pro Forma Effect to such Acquisition, Investment or Restricted Payment, as applicable) on the date of
such Acquisition, Investment or Restricted Payment, as applicable, and during the thirty (30) consecutive day period ending on and including the date of such Acquisition, Investment or Restricted Payment, as applicable, shall be greater than
the greater of (i) $13,500,000 and (ii) 15.0% of the Line Cap; or (ii) Availability (after giving Pro Forma Effect to such Acquisition, Investment or Restricted Payment, as applicable) on the date of such Acquisition, Investment or
Restricted Payment, as applicable, and during the thirty (30) consecutive day period ending on and including the date of such Acquisition, Investment or Restricted Payment, as applicable, shall be greater than the greater of
(i) $18,000,000 and (ii) 20.0% of the Line Cap; and 
 (c) the Lender shall have received a certificate of an
authorized officer of the Borrower on the date of such Acquisition, Investment or Restricted Payment, as applicable, certifying as to compliance with the preceding clauses and demonstrating (in reasonable detail) the calculations required thereby.

 “PBGC” means the Pension Benefit Guaranty Corporation. 

“Pension Act” means the Pension Protection Act of 2006. 

“Pension Funding Rules” means the rules of the Code and ERISA regarding minimum required contributions (including any
installment payment thereof) to Pension Plans and set forth in, with respect to plan years ending prior to the effective date of the Pension Act, Section 412 of the Code and Section 302 of ERISA, each as in effect prior to the Pension Act
and, thereafter, Section 412, 430, 431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA. 
 “Pension
Plan” means any employee pension benefit plan (including a Multiple Employer Plan or a Multiemployer Plan) that is maintained or is contributed to by the Borrower and any ERISA Affiliate and is either covered by Title IV of ERISA or is
subject to the minimum funding standards under Section 412 of the Code. 
 “Perfection Certificate” means the
certificate delivered to the Administrative Agent on or prior to the Closing Date that provides the information requested to be provided therein with respect to the personal or mixed property of each Loan Party. 

  
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 “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 or Event of Default shall then exist or would exist after giving effect thereto; 

(b) the Loan Parties shall demonstrate to the reasonable satisfaction of the Administrative Agent that, after giving effect to
the Acquisition on a Pro Forma Basis (including, without limitation and without duplication, any cash earnest money deposits and any escrow deposits, delayed purchase price payments or payment of the maximum amount of any earnout or similar
obligations), (i) the Loan Parties are in Pro Forma Compliance and (ii) the Consolidated Leverage Ratio shall be no more than 2.50 to 1.0 (calculated using the same Measurement Period used to determine Pro Forma Compliance in accordance
with the preceding clause (i)); 
 (c) the Administrative Agent, on behalf of the Secured Parties, shall have received
(or shall receive in connection with the closing of such Acquisition) a perfected security interest in all property (including, without limitation, Equity Interests) acquired with respect to the Target in accordance with the terms of
Section 6.14 with the priority of such security interest as dictated by the Intercreditor Agreement, and the Target, if a Person, shall have executed a Joinder Agreement in accordance with the terms of Section 6.13; 

(d) the Administrative Agent and the Lenders shall have received not less than thirty (30) days prior to the consummation
of any such Acquisition (i) a description of the material terms of such Acquisition, (ii) audited financial statements (or, if unavailable, management-prepared financial statements) of the Target for its two (2) most recent fiscal
years and for any fiscal quarters ended within the fiscal year to date, (iii) Consolidated projected income statements of the Borrower and its Subsidiaries (giving effect to such Acquisition), and (iv) not less than five (5) Business
Days 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; 

(e) [reserved]; 

(f) 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; and 
 (g) after giving effect
to such Acquisition and any Borrowings (as such term is defined in the ABL Credit Agreement) made in connection therewith, the Payment Conditions are satisfied; 

  
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 provided that, in no event shall any Permitted Acquisition occur until the
Consolidated Fixed Charge Coverage Ratio Stabilization Date. 
 “Permitted Acquisition Certificate” means a certificate
substantially the form of Exhibit F or any other form approved by the Administrative Agent. 
 “Permitted Discretion”
means a determination made in good faith in the exercise of reasonable (from the perspective of an asset-based secured lender) business judgment. 

“Permitted
 Inventory Location” has the meaning set forth in the ABL Credit Agreement. 

“Permitted Investments” means, at any time, Investments by the Borrower or any of its Subsidiaries permitted to exist at such
time pursuant to the terms of Section 7.02. 
 “Permitted Liens” has the meaning set forth in
Section 7.01. 
 “Permitted Transfers” means (a) Dispositions of Inventory in the Ordinary Course of
Business; (b) Dispositions of property to the Borrower or any 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) non-exclusive licenses and sublicenses of Intellectual Property entered into in the Ordinary Course of Business; and (e) the sale or disposition of Cash Equivalents for fair market
value. 
 “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 the Borrower or any ERISA Affiliate or any such Plan to which the Borrower or any ERISA Affiliate is required to contribute on behalf of any of its employees. 

“Pledge Agreement” means the pledge agreement, dated as of the Closing Date, executed in favor of the Collateral Agent by each
of the Loan Parties. 
 “Pledged Collateral” has the meaning specified in the Pledge Agreement. 

“Prepayment Premium” has the meaning specified in the Fee Letter. 

“Pro Forma Basis” and “Pro Forma Effect” means, for any Disposition of all or substantially all of a division
or a line of business, or for any Acquisition, or for any Restricted Payment, whether actual or proposed, for purposes of determining compliance with the financial covenants set forth in Section 7.11, each such transaction or proposed
transaction shall be deemed to have occurred on and as of the first day of the relevant Measurement Period, and the following pro forma adjustments shall be made: 

  
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 (a) in the case of an actual or proposed Disposition, all income statement
items (whether positive or negative) attributable to the line of business or the Person subject to such Disposition shall be excluded from the results of the Borrower and its Subsidiaries for such Measurement Period; 

(b) in the case of an actual or proposed Acquisition, income statement items (whether positive or negative) attributable to
the property, line of business or the Person subject to such Acquisition shall be included in the results of the Borrower and its Subsidiaries for such Measurement Period; 

(c) interest accrued during the relevant Measurement Period on, and the principal of, any Indebtedness repaid or to be repaid
or refinanced in such transaction shall be excluded from the results of the Borrower and its Subsidiaries for such Measurement Period; and 

(d) any Indebtedness actually or proposed to be incurred or assumed in such transaction shall be deemed to have been incurred
as of the first day of the applicable Measurement Period, and interest thereon shall be deemed to have accrued from such day on such Indebtedness at the applicable rates provided therefor (and in the case of interest that does or would accrue at a
formula or floating rate, at the rate in effect at the time of determination) and shall be included in the results of the Borrower and its Subsidiaries for such Measurement Period. 

“Pro Forma Compliance” means, with respect to any transaction, that such transaction does not cause, create or result in a
Default after giving Pro Forma Effect, based upon the results of operations for the most recently completed Measurement Period to (a) such transaction and (b) all other transactions which are contemplated or required to be given Pro Forma
Effect hereunder that have occurred on or after the first day of the relevant Measurement Period. 
 “Property” means any
interest of any kind in any property or asset, whether real, personal or mixed, or tangible or intangible. 
 “Protective
Advance” has the meaning specified in Section 2.02. 
 “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. 
 “Purchase Money
Liens” has the meaning specified in Section 7.01(i). 
 “Qualified Cash” means, as of any date of
determination, the amount of unrestricted cash of Loan Parties that is in a Deposit Account which is the subject of a Qualifying Control Agreement that grants sole dominion and control to Administrative Agent (whether alone or together with the ABL
Agent) and is maintained by a branch office of the bank or securities intermediary located within the United States. 

  
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 “Qualifying Control Agreement” means an agreement, among a Loan Party, a
depository institution or securities intermediary, the ABL Agent, and the Administrative Agent, which agreement is in form and substance acceptable to the Administrative Agent and which provides the Administrative Agent with “control” (as
such term is used in Article 9 of the UCC) over the deposit account(s) or securities account(s) described therein. 
 “Real
Property” shall mean any estates or interests in real property now owned or hereafter acquired by any
Borrower or its Subsidiaries and the improvements thereto. 
 “Real
Property Appraisal” means, as to any Real Property Collateral, an appraisal (based on Appraised Value) of such Real Property Collateral conducted a third party appraiser engaged by the Administrative Agent which shall assume a marketing
time of twelve (12) months and otherwise be in form and substance reasonably satisfactory to the Administrative Agent. 
 “Real
Property Collateral” shall mean any Real Property held by any Loan Party that is subject to a Mortgage, together with all other Property (as defined in the Mortgage encumbering such Real Property). 

“Real Property Contracts” shall mean all contracts necessary for the use, maintenance, construction, and operation of the
Real Property Collateral. 
 “Real Property Reserves” shall mean such reserves as the Administrative Agent from time to
time determines in the Administrative Agent’s Permitted Discretion as being appropriate to reflect the impediments to the Administrative Agent’s ability to realize upon any Eligible Real Property or to reflect claims and liabilities that
the Administrative Agent determines will need to be satisfied in connection with the realization upon any Eligible Real Property. Without limiting the generality of the foregoing, Real Property Reserves may include (but are not limited to)
(i) reserves for (A) municipal taxes and assessments, (B) repairs, (C) remediation of title defects, (D) utilities and (E) environmental contamination or noncompliance with any laws, including without limitation
Environmental Laws, and (ii) reserves for Indebtedness secured by Liens having priority over the Lien in favor of the Collateral Agent for the benefit of the Lenders on such Real Property. 

“Recipient” means the Administrative Agent, any Lender, or any other recipient of any payment to be made by or on account of
any obligation of any Loan Party hereunder. 
 “Register” has the meaning specified in Section 11.06(c). 

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

“Removal Effective Date” has the meaning specified in Section 9.06(b). 

“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. 

  
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“Reporting Trigger Period” means the
period (a) commencing on any day that (i) an Event of Default occurs or (ii) Availability at any time is less than the greater of (A) $15,750,000 and (B) 17.5% of the Line Cap for five (5) consecutive days, and
(b) continuing until the date that, at all times during each of the preceding 30 consecutive days, both (i) no Event of Default has occurred or been continuing and (ii) Availability has been greater than the greater of
(A) $15,750,000 and (B) 17.5% of the Line Cap. 
 “Required Lenders” means, at any time,
Lenders having Total Credit Exposures representing more than 50% of the Total Credit Exposures of all Lenders; provided, that the Total Credit Exposures of Defaulting Lenders shall be disregarded in determining Required Lenders;
provided, further, that if there are only two (2) Lenders that are not Defaulting Lenders, Required Lenders shall mean all Lenders that are not Defaulting Lenders. 

“Rescindable
 Amount” has the meaning as defined in Section 2.12(b)(ii). 
 “Resignation Effective Date” has the meaning set forth
in Section 9.06(a). 

“Resolution
 Authority” means the 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, 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 requested by the Administrative Agent, each Responsible Officer will
provide an incumbency certificate and to the extent requested by the Administrative Agent, appropriate authorization documentation, in form and substance satisfactory to the Administrative Agent. 

“Restricted Payment” means (a) any dividend or other distribution, direct or indirect, on account of any shares (or
equivalent) of any class of Equity Interests of the Borrower or any of its Subsidiaries, now or hereafter outstanding, (b) any redemption, retirement, sinking fund or similar payment, purchase 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 Subsidiaries, now or hereafter outstanding, and (c) any payment made to retire, or to obtain the 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 Subsidiaries, now or hereafter outstanding. 

“Revolving Commitment” shall have the meaning assigned to such term in the ABL Credit Agreement. 

  
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 “S&P” means Standard & Poor’s Financial Services LLC and
any successor thereto. 
 “Sale and Leaseback Transaction” means, with respect to any Loan Party or any Subsidiary, any
arrangement, directly or indirectly, with any Person whereby such Loan Party or such 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, provided that the rent payable pursuant to any such lease is on market terms. 

“Sale
Deadline” means May 15, 2022 (or such later date as may be agreed by the Administrative Agent and the Required Lenders). 

“Sale
Process” means the process by the Loan Parties and the Investment Bank to market and sell the assets of the Loan Parties or obtain other investment or refinancing opportunities to be consummated on or before the Sale Deadline.  

“
Sanction(s)” means any sanction administered or enforced by the United States Government (including, without limitation, OFAC), the United Nations Security Council, the European Union, any
European Union member state, Her Majesty’s Treasury (“HMT”) or other relevant sanctions authority. 
 “Scheduled Unavailability Date” has the meaning specified in Section 3.04(a). 

“SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal
functions. 

“Second
Amendment” means that certain Second Amendment to Term Loan Agreement and First Amendment to the Pledge Agreement, dated as of the Second Amendment Effective Date, by and among the Administrative Agent, the Collateral Agent, the Borrower, the
other Loan Parties and each Lender party thereto.  
 “Second Amendment Effective Date” means December 30,
2021. 

“Second
Amendment US Term Loan” means a Term loan made pursuant to Section 2.01(a). 

“Second
Amendment US Term Loan Commitment” means, with respect to each Lender, its obligation to make an advance of the US Term Loan up to the maximum principal amount set forth in the Second
Amendment. 
 “Secured Parties” means, collectively, the
Administrative Agent, Collateral Agent, the Lenders, the Indemnitees and each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 9.05. 

“Securities Act” means the Securities Act of 1933, including all amendments thereto and regulations promulgated thereunder.

  
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 “Security Agreement” means the security agreement, dated as of the Closing
Date, executed in favor of the Collateral Agent by each of the Loan Parties. 
 “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. 

“Solvency Certificate” means a solvency certificate in substantially in the form of Exhibit G. 

“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 intend to, and does not believe that it will, incur 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, and is not about to engage 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, and
(f) with respect to the Australian Borrower, it is not “insolvent” as such term is defined in section 9 of the Australian Corporations Act and it is not or is not deemed for the purpose of any applicable Laws to be insolvent or to be
unable to pay its debts as they fall due. 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. 
 “South Gate Disposition” means the sale or disposition by the Borrower of the South Gate Property for a sale price of not less than 60% of the Appraised Value of
the South Gate Property and resulting in a portion of such proceeds in an amount equal to the South Gate Mandatory Prepayment Amount applied as a prepayment of the Obligations pursuant to Section 2.05(b)(ii) hereof;
provided, that for purposes of the Fee Letter and Section 2.05(b)(ii) hereof, any sale or disposition of the South Gate Property after the occurrence and during the continuance of an Event of
Default under Section 8.01(a), 8.01(b) (resulting from breach or default under any provision of Article VII), 8.01(f) or
8.01(g) (including, without limitation, any transfer of the South Gate Property by or on behalf of the Collateral Agent pursuant to the power of sale contained in the Mortgage encumbering such Real Property, or any
disposition of such Real Property by the Borrower following the occurrence of any such Event of Default with the consent of the Agent, or any disposition thereof by the Borrower during any Insolvency Proceeding) shall not constitute a “South
Gate Disposition”.  
 “South
Gate Mandatory Prepayment Amount” means (a) if the South Gate Disposition sale price is less than 80% of the Appraised Value of the South Gate Property, $25,000,000, or (b) if the South Gate Disposition sale price is
equal to or greater than 80% of the Appraised Value of the South Gate Property, $20,000,000. 

  
 41 

 “South
Gate Property” means that certain Real Property located at 5037 Patata St, South Gate, CA 90280 and owned by the Borrower. “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 (any such master agreement, together with any related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement. 

“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). 
 “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.” 
 “Taxes” means 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. 

  
 42 

 “Term Loan(s)” has the meaning specified in
Section 2.01.means, collectively, the US Term Loans and the AUS Term
Loans. 
 “Term Loan Borrowing Base” means on any date of determination an amount equal to the sum of, without duplication:, individually and collectively, the US Term Loan Borrowing Base and AUS Term Loan Borrowing Base. 

(a) the Value of Eligible Accounts multiplied by the Eligible Accounts Advance Rate,
plus 
 (b) the NOLV Percentage of the Value of Eligible Inventory multiplied by the
Eligible Inventory Advance Rate, plus 

(c) the Appraised Value of Eligible Machinery and Equipment multiplied by the M&E Advance Rate, plus 

(d) the Appraised Value of Eligible Real Property multiplied by the Eligible Real Property Advance Rate, minus  

(e) the aggregate amount of all TL Priority Collateral Reserves established by Administrative Agent from time to time, any change therein to become effective immediately upon written
notification thereof to the Borrower by the Administrative Agent, minus  

(f) the ABL Borrowing Base (exclusive of all Availability Reserves, including the Term Loan Reserve) on such date of determination.

 The Term Loan Borrowing Base at
any time shall be determined by reference to the most recent Term Loan Borrowing Base Report theretofore delivered to the Administrative Agent with such adjustments as the Administrative Agent deems appropriate in its Permitted Discretion to assure
that the Term Loan Borrowing Base is calculated in accordance with the terms of this Agreement, including without limitation such adjustments to give effect to Availability Reserves imposed by the ABL Agent following such delivery.

 The advance rates pursuant to clauses
(a), (b) and (c) above shall be reduced by the Agent in its Permitted Discretion on a prorated basis if the analogous advance rates under the ABL Borrowing Base are reduced
pursuant to the ABL Credit Agreement (but in no event shall such reduction be in excess of that under the ABL Credit Agreement). 

Notwithstanding the foregoing to the contrary, the amount included in the
Term Loan Borrowing Base with respect to any parcel of Eligible Real Property shall in no event exceed the maximum amount of the Obligations at any time specified to be secured by the Mortgage thereon. 

  
 43 

 “Term Loan Borrowing Base Report” shall mean a report of (i) the US Term Loan Borrowing Base by the Borrower included in the Consolidated
Borrowing Base Report, setting forth the calculation of the US Term Loan Borrowing Base, including a calculation of each component thereof,
and (ii) the AUS Term Loan Borrowing Base, including a calculation of each component thereof. 

“Term Loan Cash Collateral Account” has the meaning assigned to the term “Term Loan Cash Collateral Account” in the
Intercreditor Agreement. 
 “Term Loan Priority Collateral” has the meaning assigned to the term “Term Loan Priority
Collateral” in the Intercreditor Agreement. 

“Term Loan Reserve” shall mean an
Availability Reserve maintained by the ABL Agent against the ABL Borrowing Base in an amount equal to the amount by which, if any, (a) the aggregate outstanding principal amount of the Term Loans, exceeds (b) the Term Loan Borrowing
Base. 
 “Threshold Amount” means $5,000,000; provided that, for purposes of
Section 8.01(e) with respect to the China Facility, the Threshold Amount shall be $15,000,000. 
 “TL Priority
Collateral Reserves” means, without duplication, the sum (without duplication) of (a) the M&E Reserves; (b) the Real Property Reserves; and (c) additional reserves, in such amounts and with respect to such matters, as
Agent in its Permitted Discretion may elect to impose from time to time, with respect to the Term Loan Priority
Collateral and/or work in process Inventory. 

“Total Credit Exposure” means, as to any Lender at any time, the Outstanding Amount of all Term Loans of such Lender at such
time. 
 “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. 

“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 subject to 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. 

  
 44 

 “U.S. Loan Party” means any Loan Party that is organized under the laws of
one of the states of the United States and that is not a CFC. 
 “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(e)(ii)(B)(3). 

“US
Term Loan” means an Original US Term Loans or a Second Amendment US Term Loan. 

“US
Term Loan Borrowing Base” means on any date of determination an amount equal to the sum of, without duplication: 

(a)
 the Value of Eligible Accounts multiplied by the Eligible Accounts Advance Rate, plus 

(b)
 the NOLV Percentage of the Value of Eligible Inventory multiplied by the Eligible Inventory (Raw Materials and Finished Goods) Advance Rate, plus 

(c)
 the NOLV Percentage of the Value of Eligible Inventory constituting “work in process” multiplied by the Eligible Inventory (WIP) Advance Rate, plus 

(d)
 the Appraised Value of Eligible Machinery and Equipment multiplied by the M&E Advance Rate, plus 

(e)
 the Appraised Value of Eligible US Real Property multiplied by the Eligible US Real Property Advance Rate, minus  

(f)
 the aggregate amount of all TL Priority Collateral Reserves established by Administrative Agent from time to time, any change therein to become effective immediately upon written notification thereof to the Borrower by the Administrative Agent,
minus  
 (g) the ABL Borrowing Base (exclusive of all Availability Reserves, including the US Term Loan Reserve) on such date of
determination. 
 The US Term Loan Borrowing Base at any time shall be determined by reference to the most recent Term Loan Borrowing Base
Report theretofore delivered to the Administrative Agent with such adjustments as the Administrative Agent deems appropriate in its Permitted Discretion to assure that the US Term Loan Borrowing Base is calculated in accordance with the terms of
this Agreement, including without limitation such adjustments to give effect to Availability Reserves imposed by the ABL Agent following such delivery. 

  
 45 

The advance
rates pursuant to clauses (a), (b) and (c) above shall be reduced by the Agent in its Permitted Discretion on a prorated basis if the analogous advance rates under the ABL Borrowing Base are reduced pursuant to the ABL Credit Agreement
(but in no event shall such reduction be in excess of that under the ABL Credit Agreement). 

Notwithstanding
 the foregoing to the contrary, the amount included in the Term Loan Borrowing Base with respect to any parcel of Eligible US Real Property shall in no event exceed the maximum amount of the Obligations at any time specified to be secured by the
Mortgage thereon. 
 “US Term Loan Reserve” means an Availability Reserve maintained by the ABL Agent against the ABL Borrowing Base in
an amount equal to the amount by which, if any, (a) the aggregate outstanding principal amount of the US Term Loans, exceeds (b) the US Term Loan Borrowing Base. 

“US
Term Loans” means the Original US Term Loan and the Second Amendment US Term Loans.  

“Value” means, on any date of determination: (a) for Inventory, its value determined on the basis of the lower of cost
or market, calculated on a first-in, first-out basis, and excluding any portion of cost attributable to intercompany profit among the Borrower and its Affiliates; and (b) for an Account, its face amount, net of any returns, rebates, discounts
(calculated on the shortest terms), credits, allowances or Taxes (including sales, excise or other taxes) that have been or could be claimed by the Account Debtor or any other Person. 

“Vicksburg Property” means that certain
Real Property located at 1735 N Washington St, Vicksburg, MS 39183 and owned by the Borrower.  
 “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. 
 “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. 

  
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 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 any restrictions on such amendments, supplements or modifications set forth herein or in any other Loan Document and, to the extent applicable, the Intercreditor Agreement), (ii) any reference herein
to any Person shall be construed to include such Person’s successors and 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 or regulation shall, unless otherwise specified, refer to such law 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. All references to Value, Term Loan Borrowing Base components, Term Loans, other Obligations and other amounts herein shall be denominated in Dollars, unless expressly provided otherwise, and
all determinations (including calculations of the Term Loan Borrowing Base and financial covenants) made from time to time under the Loan Documents shall be made in light of the circumstances existing at such time. Term Loan Borrowing Base
calculations shall be consistent with historical methods of valuation and calculation, and otherwise satisfactory to the Administrative Agent in its Permitted Discretion (and not necessarily calculated in accordance with GAAP). 

(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. 

  
 47 

 (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). 

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, 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. 
 (b) Changes in GAAP. If at any time any change in GAAP, any change in
the Loan Parties’ accounting policies, or any change in the application of GAAP by the Loan Parties, in any case, 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 (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 such change therein 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. Without limiting the foregoing, leases shall continue to be classified and accounted for on a basis consistent with GAAP as in effect prior to the adoption of FASB ASC 842 (or any similar or replacement
accounting pronouncement). 
 (c) Pro Forma Treatment. Each Disposition of all or substantially all of a line of
business, each Acquisition, and each Restricted Payment, by the Borrower and its Subsidiaries that is consummated during any Measurement Period shall, for purposes of determining compliance with the financial covenants set forth in
Section 7.11, be given Pro Forma Effect as of the first day of such Measurement Period. 

  
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 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).

  

	1.07	 1.06 [Reserved]. 

 

	1.08	 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. 

1.09 1.08 Rates. 
 The Administrative Agent doesand the Lenders
do not warrant, nor accept responsibility, nor shall the Administrative Agent
or any of the Lenders have any liability with respect to
the administration, submission or any other matter related to the rates in the definition of “LIBOEurodollar Rate” or with respect to any comparable or successor rate
theretorate that is an alternative or replacement for or successor to any of such rate (including,
without limitation, any Benchmark Replacement) or the effect of any of the foregoing, or of any Benchmark Replacement Conforming Changes. The Administrative Agent and its affiliates or other related entities may engage in transactions or other
activities that affect any reference rate referred to herein, or any alternative, successor or replacement rate (including, without limitation, any Benchmark Replacement) (or any component of any of the foregoing) or any related spread or other
adjustments thereto, in each case, in a manner adverse to the Borrower. The Administrative Agent may select information sources or services in its reasonable discretion to ascertain any reference rate referred to herein or any alternative, successor
or replacement rate (including, without limitation, any Benchmark Replacement) (or any component of any of the foregoing), in each case pursuant to the terms of this Agreement, and shall have no liability to the Borrower, any Lender or any other
person or entity for damages of any kind, including direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error or
other action or omission related to or affecting the selection, determination, or calculation of any rate (or component thereof) provided by any such information source or service. 

  
 49 

 ARTICLE II 

TERM LOANS 
 2.01 Term Loans.

 (a)
US Term Loans. Subject to the terms and conditions set forth herein, each Lender severally agrees to make a single loan to the Borrower, in Dollars, on the Closing Date in the amount of such Lender’s US Term Commitment (each, aan “Original US
Term Loan” and collectively, the “Original
US Term Loans”). The US Term Loans that are repaid or prepaid (to the extent permitted hereunder) may not be reborrowed. The
aggregate Original US Term Loan Commitments shall be
automatically and permanently reduced to zero on the Closing Date. The execution and delivery of this Agreement by the Borrower and the satisfaction of all conditions precedent pursuant to Section 4.01 of the Agreement shall be deemed to constitute the Borrower’s
request to borrow the US Term Loan in the aggregate amount
of all Original US Term Loan Commitments on the Closing
Date. Subject to the terms and conditions set forth herein, each Lender with a Second Amendment US Term Loan
Commitment severally agrees to make a single loan to the Borrower, in Dollars, on the Second Amendment Effective Date in the amount of such Lender’s Second Amendment US Term Loan Commitment (each, a “Second Amendment US Term Loan” and
collectively, the “Second Amendment US Term Loans”). The Second Amendment US Term Loans that are repaid or prepaid (to the extent permitted hereunder) may not be reborrowed. The aggregate Second Amendment US Term Loan Commitments shall
automatically and permanently be reduced to zero on the Second Amendment Effective Date. The execution and delivery of the Second Amendment by the Borrower and the satisfaction of all conditions precedent in Section 4.01 of the Agreement shall
be deemed to constitute the Borrower’s request to borrow the Second Amendment US Term Loans in the aggregate amount of all Second Amendment US Term Loan Commitments on the Second Amendment Effective Date. The Administrative Agent shall have the right, at any time and from time to time after the Closing Date in its Permitted Discretion to establish, modify or eliminate TL Priority Collateral Reserves against the
US Term Loan Borrowing Base. 

(b) AUS Term
Loans. Subject to the terms and conditions set forth herein, each Lender with an AUS Term Loan Commitment severally agrees to make a single loan to the Borrower, in Dollars, on the Second Amendment Effective Date in the amount of such Lender’s
AUS Term Loan Commitment (each, an “AUS Term Loan” and collectively, the “AUS Term Loans”). The AUS Term Loans that are repaid or prepaid (to the extent permitted hereunder) may not be reborrowed. The aggregate AUS Term Loan
Commitments shall be automatically and permanently reduced to zero on the Second Amendment Effective Date. The execution and delivery of Second Amendment by the Borrower and the satisfaction of all conditions precedent in Section 4.01 of the
Agreement shall be deemed to constitute the Borrower’s request to borrow the AUS Term Loans in the aggregate amount of all AUS Term Loan Commitments on the Second Amendment Effective Date. The Administrative Agent shall have the right, at any
time and from time to time after the Second Amendment Effective Date in its Permitted Discretion to establish, modify or eliminate TL Priority Collateral Reserves against the AUS Term Loan Borrowing Base. 

  
 50 

(c) Term Loan
Reserves. If any Consolidated Borrowing Base Report delivered pursuant to Section 6.02(c) shows that the then outstanding principal balance of (i) the US Term Loans is in excess of the US Term Loan Borrowing Base, or (ii) the AUS Term Loans is excess of the AUS Term Loan Borrowing Base, then the US Term Loan Reserve and/or AUS Term Loan Reserve shall be implemented (as
applicable) in an amount equal to such excess shall be implemented and the Loan Parties shall take such steps as shall be required under Section 3.9 of the Intercreditor Agreement to enable the ABL Agent to implement such US Term Loan Reserve and/or AUS Term Loan Reserve (as applicable), in each case, for so long
as such excess exists. 
 2.02 Protective Advances. 

The Administrative Agent is authorized by the Borrower and the Lenders, from time to time in the Administrative Agent’s discretion, to
make, at any time and from time to time, a disbursement or advance which: (a) is made to maintain, protect or preserve the Collateral and/or the Secured Parties’ rights under the Loan Documents or which is otherwise for the benefit of the
Secured Parties; or (b) is made to enhance the likelihood of, or to maximize the amount of, repayment of any Obligation; and (c) is made to pay any amount chargeable to any Loan Party hereunder (collectively, “Protective
Advances”); provided, that the aggregate principal amount of all such Protective Advances shall not exceed 10% of the Term Loan Borrowing Base at any time. All Protective Advances shall be repayable on demand of the Administrative Agent
and, together with all interest thereon, constitute Obligations secured by the Collateral. Protective Advances shall not constitute Term Loans but shall otherwise constitute Obligations for all purposes hereunder. Interest on Protective Advances
shall be payable at the LIBO Rate in effect from time to time, plus the Applicable Margin and shall be payable on demand of the Administrative Agent. Each Lender agrees that it shall pay to Administrative Agent, upon Administrative Agent’s
demand, in immediately available funds, an amount equal to such Lender’s pro rata share of each such Protective Advance. The making of any such Protective Advance on any one occasion shall not obligate the Administrative Agent or any Lender to
make or permit any Protective Advance on any other occasion or to permit such Protective Advances to remain outstanding. The Administrative Agent shall have no liability for, and no Loan Party or Secured Party shall have the right to, or shall,
bring any claim of any kind whatsoever against the Administrative Agent with respect to any Protective Advance. 
 2.03 [Reserved]. 

2.04 [Reserved]. 
 2.05 Prepayments.

 (a) Optional Prepayments. The Borrower may, at any time or from time to time following the Closing Date, upon delivery to the Administrative Agent of a Notice of Loan
Prepayment, voluntarily prepay the Term Loans in whole or in part, subject to payment of the applicable Prepayment Premium; provided that, unless otherwise agreed by the Administrative Agent, such notice must be received by the Administrative
Agent not later than 11:00 a.m. at least five (5) Business Days prior to any date of prepayment of the Term Loans. Each such notice shall specify the date and amount of such prepayment. The

  
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Administrative Agent will promptly notify each Lender of its receipt of any such notice and the amount of such Lender’s ratable portion of such prepayment (based on such Lender’s
Applicable Percentage in respect of the 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 principal shall be accompanied by all accrued interest on the principal amount prepaid, together with the applicable Prepayment Premium, if applicable. Each prepayment of the outstanding Term Loans pursuant to this
Section 2.05(a) shall be applied against the Term Loans designated by the Borrower in such Notice of Loan
Prepayment, against remaining installments of the
applicable Term Loans in the inverse order of maturity
until paid in full, and shall be paid to the Lenders in accordance with their respective Applicable Percentages of the Term
Loans so prepaid. 

(b) Mandatory Prepayments. 

(i) Dispositions and Involuntary
Dispositions. Subject to the provisions of Section 2.05(b)(ii) relative to the South Gate Disposition, the The Borrower shall prepay the Term Loans as hereinafter provided with
the Net Cash Proceeds received by any Loan Party or any Subsidiary from all Dispositions (other than Permitted Transfers) and Involuntary Dispositions of: 

(A) any assets (other than Real Property) of the type constituting Term Loan Priority Collateral, in an amount equal to 100%
of such aggregate Net Cash Proceeds, 
 (B) any Real Property, in an amount equal to 90100% of such aggregate Net Cash Proceeds, and 
 (C) subject to the Intercreditor
Agreement, any other assets (including ABL Priority Collateral), in an amount equal to 100% of such aggregate Net Cash Proceeds, unless such proceeds are applied to prepay the ABL Debt under the terms of the ABL Documents, 

in each case, within five (5) days after the date of such Disposition or Involuntary Disposition; provided that, the Borrower may,
within one-hundred eighty (180) days of the date of such Disposition or Involuntary Disposition, reinvest such Net Cash Proceeds from (x) an Disposition
or Involuntary Disposition of the Vicksburg Property or [reserved], (y) any Disposition or Involuntary Disposition of Equipment arising
from any single transaction or related series of transactions in aggregate amount not to exceed $100,000 in the aggregate for any calendar year, or (z) an Involuntary Disposition of Real
Property, in the case of either (x) or (y), in replacement Equipment or other Term Loan
Priority Collateral used or useful in the Borrower’s business, or in the case of (z) to repair or replace the applicable Real Property; provided further that, during such reinvestment period, all such Net Cash Proceeds shall
be delivered upon receipt to Administrative Agent for deposit to the Term Loan Cash Collateral Account; and provided further that, to the extent such 

  
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period has expired without such reinvestment being made or completed, any remaining Net Cash Proceeds shall be applied to prepay the Term Loans and any other remaining Obligations.
Notwithstanding the foregoing, upon notice from the Administrative Agent to Borrower, up to 100% of aggregate Net Cash Proceeds received on account of Dispositions made pursuant to Section 7.05(g) shall be applied in reduction of the
Term Loans (including, for clarity, all such Net Cash Proceeds on deposit in the Term Loan Cash Collateral Account), to the extent such Net Cash Proceeds have not previously been reinvested or committed to be reinvested pursuant to this
Section 2.05(b) (provided such reinvestment is scheduled to be completed within the foregoing 180 day period commencing as of the date of the applicable Disposition). Any reinvestment of Net Cash Proceeds pursuant to this
Section 2.05(b) shall also be subject to the terms of Section 6.22(c). 
 (ii) South Gate Disposition. With respect to the South Gate Disposition, the Borrower shall, within two Business (2) Days following the consummation of such
Disposition, prepay the Term Loans as hereinafter provided in an amount equal to the South Gate Mandatory Prepayment Amount. For the avoidance of doubt, to the extent that the Borrower shall sell or dispose of the South Gate Property in any
transaction not constituting the South Gate Disposition, the Borrower shall prepay the Term Loans in an amount equal to 100% of the Net Cash Proceeds arising from such sale or disposition. [Reserved]. 

(iii) Equity Issuance. Subject to the terms of the Intercreditor Agreement, immediately upon the receipt by any Loan
Party or any Subsidiary of the Net Cash Proceeds of any Equity Issuance by (A) the Borrower or (B) any Subsidiary of the Borrower to any Person that is not the Borrower or another Subsidiary of the Borrower, and excluding any Equity
Issuance to any Loan Party’s officers, directors or employees that is permitted under Section 7.06, the Borrower shall prepay the Term Loans and any other remaining Obligations as hereinafter provided in an aggregate amount equal to
100% of such Net Cash Proceeds, unless such proceeds are applied to prepay the ABL Debt under the terms of the ABL Documents. 

(iv) Debt Issuance. Subject to the terms of the Intercreditor Agreement, immediately upon the receipt by any Loan Party
or any Subsidiary of the Net Cash Proceeds of any Debt Issuance, the Borrower shall prepay the Term Loans and any other remaining Obligations as hereinafter provided in an aggregate amount equal to 100% of such Net Cash Proceeds unless such proceeds
are applied to prepay the ABL Debt under the terms of the ABL Documents. 
 (v) Extraordinary Receipts. Subject to the
terms of the Intercreditor Agreement, immediately upon receipt by any Loan Party or any Subsidiary of any Extraordinary Receipt received by or paid to or for the account of any Loan Party or any of its Subsidiaries, and not otherwise included in
clause (i), (ii), (iii), or (iv) of this Section, the Borrower shall prepay the Term Loans as hereinafter provided 

  
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in an aggregate principal amount equal to 100% of all Net Cash Proceeds received therefrom; provided that the Borrower may reinvest such Net Cash Proceeds in properties or assets within
one-hundred eighty (180) days of the date of such Extraordinary Receipt; provided further that, that during such reinvestment period, all such Net Cash Proceeds are delivered upon receipt to Administrative Agent for deposit to a deposit
account subject to a Qualifying Control Agreement; provided, further that to the extent such period has expired without such reinvestment being made or completed, any remaining Net Cash Proceeds would be applied to prepay the Term
Loans and any other remaining Obligations, unless such proceeds are applied to prepay the ABL Debt under the terms of the ABL Documents. 

(vi) Application of Payments. Each prepayment of the Term Loans pursuant to the foregoing provisions of
Section 2.05(b)(i)-(v) shall be paid by such Loan Party to Administrative Agent for the ratable benefit of Lenders in accordance with their respective Applicable Percentages as a mandatory prepayment of the Obligations and
shall be applied to repay outstanding principal of the Term Loans until repaid in full, and then against the other Obligations, in inverse order of maturities or as Administrative Agent otherwise determines; provided, that (x) any prepayment of the Term Loans required upon a Disposition or Involuntary Disposition of the
Australian Real Property shall be applied as provided in this Section 2.05(b)(vi), first, against the Obligations in respect of the AUS Term Loans, until paid in full, and then against the remaining Obligations; (y) any prepayment of the
Term Loans required upon a Disposition or Involuntary Disposition of the US Real Property or Equipment shall be applied as provided in this Section 2.05(b)(vi), first, against the Obligations in respect of the US Term Loans, until paid in full,
and then against the remaining Obligations; and (z) any other prepayment of the Term Loans required under this Section 2.05(b) shall be applied ratably against the outstanding Term
Loans. 
 All prepayments under this Section 2.05(b) shall be and
shall be accompanied by interest on the principal amount prepaid through the date of prepayment. 
  

	2.06	 [Reserved]. 

 

	2.07	 Amortization
Payments. 

  

	2.07	 Repayment of Term
Loans. The Borrower shall repay to the Lenders the principal balance of the Term Loans in quarterly installments of principal, each in the amount of $875,000, on
March 31, June 30, September 30, and December 31, of each year, with the first such payment due and payable on June 30, 2021; provided, however, that the final
principal repayment installment of the Term Loans shall be repaid on the Maturity Date and shall be in an amount equal toon the Maturity
Date the aggregate remaining principal amount of all Term Loans and all other Obligations
outstanding on such date, together with all remaining unpaid Obligations then outstanding. If any principal installment to be made by the Borrower shall come due on a day other than a Business Day, such principal
repayment installment shall be due on the preceding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be.. 

  
 54 

	2.08	 Interest and Default Rate. 

(a) Interest. Subject to the provisions of Section 2.08(b) and (c), all Obligations, including the
Term Loans, shall bear interest at a rate per annum equal to the LIBO Rate in effect from time to time, plus the Applicable Margin, and shall accrue from the
Closing
Datedate of funding of each applicable Term Loan hereunder until payment in full of all Obligations by the Borrower. 
 (b) Default
Rate. 
 (i) If (A) any amount of principal of the Term Loans is not paid when due (without regard to any applicable
grace period), whether at stated maturity, by acceleration or otherwise, or (B) any Event of Default pursuant to Sections 8.01(f) or (g) exists, in either case, all outstanding Obligations shall thereafter 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 (A) any amount (other than principal of the Term Loans) payable by the Borrower under any Loan Document is not
paid when due (without regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, or (B) any Event of Default (other than an Event of Default pursuant to Sections 8.01(f) or (g)) exists,
then, in either case, at the election of the Administrative Agent or the Required Lenders, all outstanding Obligations shall thereafter 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 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) shall be due and payable upon
demand. 
 (c) Interest Payments. Interest on each Term Loan shall be due and payable in arrears (i) on each
Interest Payment Date, (ii) on any date of prepayment, with respect to the principal amount of Term Loans being prepaid, and (iii) at such other times as may be specified herein.; such interest
payable (A) with respect to the Original US Term Loan, in cash, and (B) with respect to the AUS Term Loan and the Second Amendment US Term Loans, by adding the amount thereof to the outstanding principal amount of the applicable Term Loan
(“PIK Interest”), whereupon such PIK Interest shall commence to bear interest at the rate set forth in Section 2.08(a). Interest hereunder shall be due and payable in accordance
with the terms hereof before and after judgment, and before and after the 

  
 55 

 
commencement of any proceeding under any Debtor Relief Law. Interest accrued on any other Obligations under the Loan Documents shall be due and payable as provided in the Loan Documents and, if
no payment date is specified, shall be due and payable on demand. Notwithstanding the foregoing, interest accrued at the Default Rate shall be due and payable on
demand, and all accrued but unpaid interest on the Obligations (including PIK Interest) shall be due and payable in
full on the Maturity Date (or if earlier, the Facility Termination Date). 
  

	2.09	 Fees. 

The Loan Parties shall pay all fees set forth in the Fee Letter and any other fee letter executed in connection with this Agreement and such
fees are compensation for services and are not, and shall not be deemed to be, interest or any other charge for the use, forbearance or detention of money. The Loan Parties 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 fees and interest shall be made on the basis of a 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 the Term Loans for the day on which such Term Loans are made, and shall accrue
for the day on which such Term Loan or any portion thereof is paid. 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]. 

 

	2.11	 Evidence of Debt. 

(a) Maintenance of Accounts. The Term Loans made by each Lender shall be evidenced by one or more accounts or records
maintained by such Lender and by the Administrative Agent in the Ordinary Course of Business. The accounts or records maintained by the Administrative Agent and each Lender shall be conclusive absent manifest error of the amount of the Term Loans
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
to the Obligations. In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent
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 Term Loans in addition to such accounts or records. Each Lender may attach schedules to its Note and endorse thereon the date, amount and maturity of its Term Loans and payments with respect thereto. 

  
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 (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 any Term 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 2:00 p.m. on the date specified herein. The Administrative Agent will promptly distribute to each Lender its Applicable Percentage 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. 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)
[reserved]Reserved].
 
 (c) Failure to Satisfy Conditions Precedent. If any
Lender makes available to the Administrative Agent funds for any Term 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 Term Loans 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 and to
make payments pursuant to Section 11.04(c) are several and not joint. The failure of any Lender to make any Term 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 Term Loan, to purchase its participation or to make its payment
under Section 11.04(c). 

  
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 (e) Funding Source. Nothing herein shall be deemed to obligate any
Lender to obtain the funds for any Term 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 Term Loan in any particular place or manner. 

(f) Pro Rata Treatment. Except to the extent otherwise provided herein: (i) each Term Loan shall be made by the
Lenders on a pro rata basis in accordance with their respective Commitment, (ii) each payment of fees under Section 2.09 shall be made for account of the appropriate Lenders on a pro rata basis; (iii) each payment or prepayment
of principal of Term Loans by the Borrower shall be made for account of the Lenders on a pro rata basis in accordance with the respective unpaid principal amounts of the Term Loans held by them; and (iv) each payment of interest on the Term
Loans by the Borrower shall be made for account of the Lenders on a pro rata basis in accordance with the amounts of interest on such Term Loans then due and payable to the 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) any Obligations 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 due and payable to all Lenders hereunder and under the other Loan Documents at such time) of payments on account of the Obligations 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 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 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 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 Term 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 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 are purchased and all or any portion of
the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and 

(2) the provisions of this Section shall not be construed to apply to (x) any payment made by or on behalf of the
Borrower pursuant to and in accordance with the express terms of this Agreement, (y) the application of Cash Collateral provided for in Section 2.14, or (z) any payment obtained by a Lender as

  
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consideration for the assignment of or sale of a participation in any of its Term 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 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 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) Certain Credit Support Events. If the Borrower shall be required to provide Cash Collateral pursuant to
Section 2.05 or 8.02(c), the Borrower shall within one (1) Business Day following any request by the Administrative Agent, provide Cash Collateral (i) in the case of Section 2.05, in the amount of any Net
Cash Proceeds arising from the applicable prepayment event pending reinvestment, and (ii) in the case of Section 8.02(c), in an amount required by the definition of Cash Collateral hereunder. 

(b) Grant of Security Interest. The Borrower hereby grants to (and subjects to the control of) the Administrative Agent,
for the benefit of the Administrative Agent 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 Cash 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 as herein provided, other than Permitted Liens, or that the total amount of such Cash Collateral is less than the amount determined by the Administrative Agent, 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. All Cash Collateral (other than credit support not
constituting funds subject to deposit) shall be maintained in the Term Loan Cash Collateral Account. 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 2.05 or 8.02 shall be held and applied to the satisfaction of the 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 secure Obligations shall be released promptly following (i) the elimination of such Obligations giving rise thereto, (ii) in the case of Section 2.05, upon
reinvestment of the applicable Cash Collateral or, absent such reinvestment, upon application to the 

  
 59 

 
Obligations as provided in such Section, or (iii) the determination by the Administrative Agent 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 Administrative Agent may agree that Cash Collateral shall not be released but instead held to support future anticipated Obligations. 

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” 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 of any
amounts owing to the Lenders as a result of any judgment of a court of competent jurisdiction obtained by any Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement;
third, 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 fourth, 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. 
 (b) Defaulting Lender Cure. If the Borrower and the Administrative Agent 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, 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 to be held on a pro rata basis by the Lenders in
accordance with their Applicable Percentages, whereupon such Lender will cease to be a Defaulting Lender; provided 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. 

  
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 2.16 Effect of Termination. 

Until the Facility Termination Date, all undertakings of the Loan Parties contained in the Loan Documents shall continue, and the
Administrative Agent shall, subject to Section 9.10 hereof, retain its Liens in the Collateral and all of its rights and remedies under the Loan Documents. 

ARTICLE III  
 TAXES,
YIELD PROTECTION AND ILLEGALITY 
 3.01 Taxes. 

(a) Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. 

(i) 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 the Administrative Agent) require the deduction or withholding of any Tax from any such payment by
the Administrative Agent or a Loan Party, then the Administrative Agent or such Loan Party shall be entitled to make such deduction or withholding, upon the basis of the information and documentation to be delivered pursuant to subsection
(e) below. 
 (ii) If any Loan Party or the Administrative Agent shall be required by the Code to withhold or deduct any
Taxes, including both United States federal backup withholding and withholding taxes, from any payment, then (A) the Administrative Agent shall withhold or make such deductions as are determined by the Administrative Agent to be required based
upon the information and documentation it has received pursuant to subsection (e) below, (B) the Administrative Agent shall timely pay the full amount withheld or deducted to the relevant Governmental Authority in accordance with the Code,
and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes, 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 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. 

  
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 (iii) If any Loan Party or the Administrative Agent shall be required by any
applicable Laws other than the Code to withhold or deduct any Taxes from any payment, then (A) such Loan Party or the Administrative Agent, as required by such Laws, shall withhold or make such deductions as are determined by it to be required
based upon the information and documentation it has received pursuant to subsection (e) below, (B) such Loan Party or the Administrative Agent, to the extent required by such Laws, shall timely pay the full amount withheld or deducted to
the relevant Governmental Authority in accordance with such Laws, and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes, 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 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. 
 (b) Payment of Other Taxes by the Loan Parties. Without
limiting the provisions of subsection (a) above, 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. 
 (c) 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) 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), or by the Administrative Agent on its own behalf
or on behalf of a Lender, shall be conclusive absent manifest error. Each of the Loan Parties shall also, and does hereby, jointly and severally indemnify the Administrative Agent, and shall make payment in respect thereof within ten (10) days
after demand therefor, for any amount which a Lender for any reason fails to pay indefeasibly to the Administrative Agent as required pursuant to Section 3.01(c)(ii) below. 

(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 that are payable

  
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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 this Agreement or any other Loan Document against any amount due to the Administrative Agent under this clause (ii). 

(d) 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. 
 (e)
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(e)(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, 
 (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 certifying that such Lender is exempt from U.S. federal backup withholding tax; 

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

(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 purposes of this clause (D), “FATCA” shall include any amendments made to FATCA after the date of this
Agreement. 
 (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. 

(f) Treatment of Certain Refunds. Unless required by applicable Laws, at no time shall the Administrative Agent have any
obligation to file for or otherwise pursue on behalf of a Lender, or have any obligation to pay to any Lender, any refund of Taxes withheld or deducted from funds paid for the account of such Lender. 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 

  
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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 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 Recipient is required to repay such refund to such
Governmental Authority. Notwithstanding anything to the contrary in this subsection, in no event will the applicable Recipient be required to pay any amount to such Loan Party pursuant to this subsection 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 subsection 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. 
 (g) 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 perform any of its obligations hereunder or to make, maintain or fund or charge interest with
respect to any Term Loan or to determine or charge interest rates based upon the LIBO 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, on notice thereof by such Lender to the Borrower through the Administrative Agent, any obligation of such Lender to charge interest rates based upon the LIBO Rate shall be suspended until such Lender notifies the
Administrative Agent that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice the Administrative Agent, in consultation with the Borrower, shall establish an alternative rate applicable to the Obligations
as contemplated by Section 3.03 hereof. 
 3.03 Inability to Determine Rates. 

(a) Subject to Section 3.04, if in connection with any Term Loan accruing interested based on the LIBO Rate,
(i) Administrative Agent determines that adequate and reasonable means do not exist for determining the LIBO Rate or (ii) the Administrative Agent or the Required Lenders reasonably determine that for any reason the LIBO Rate does not
adequately and fairly reflect the cost to such Lenders of funding the Term Loans, the Administrative Agent will promptly so notify the Borrowers and each Lender. Thereafter, the obligation of the Lenders to maintain Term Loans using the LIBO Rate
shall be suspended. 

  
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 (b) Subject to Section 3.04, if, notwithstanding the foregoing,
if Administrative Agent has made the determination described in clause (a)(i) or (a)(ii) of this Section, or if any Lender has delivered a notice pursuant to Section 3.02, Administrative Agent, in consultation with the Borrower and the
Lenders, may establish an alternative interest rate for the Term Loans, in which case, such alternative rate of interest shall apply with respect to the Term Loans until (i) Administrative Agent revokes the notice delivered under clause
(a) of this Section, (ii) Administrative Agent or the Required Lenders notify Administrative Agent and the Borrower that such alternative interest rate does not adequately and fairly reflect the cost to such Lenders of maintaining the Term
Loans, or (iii) any Lender determines that any applicable 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 Term 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 Administrative Agent and the Borrower written notice thereof. 
 3.04 LIBOR Successor Rate. 

(a) 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 Borrower) that the Borrower or Required Lenders (as
applicable) have determined, that:herein or in any other Loan Document: 

(i) adequate and reasonable means
do not exist for ascertaining LIBOR for any requested Interest Period, including because the LIBO 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 

(a)
 On March 5, 2021 the Financial Conduct Authority (“FCA”), the regulatory supervisor of LIBOR’s administrator (“IBA”), announced in a public statement the future cessation or loss of
representativeness of overnight/Spot Next, 1-week, 1-month, 2-month, 3-month, 6-month and 12- month U.S. dollar LIBOR tenor settings. On the earliest of (A) the date that all Available Tenors of U.S dollar LIBOR have 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, (B) June 30, 2023 and (C) the Early Opt-in Effective Date in respect of a SOFR
Early Opt-in, if the then-current Benchmark is 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. 

  
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(b)
 (x) Upon (A) the occurrence of a Benchmark Transition Event or (B) a determination by the Administrative Agent that neither of the alternatives under clause (1) of the definition of Benchmark Replacement are available, 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 made a public statement identifying a specific date after which LIBOR or the LIBO 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 the Administrative Agent, that will continue to provide LIBOR after such specific date (such specific date, the “Scheduled Unavailability Date”), or 

(iii) syndicated loans currently being executed, or that
include language similar to that contained in this Section, are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace LIBOR, 

 then, reasonably promptly
after such determination by the Administrative Agent or receipt by the Administrative Agent of such notice, as applicable, the Administrative Agent and the Borrower may amend this Agreement to replace LIBOR with (x) one or more SOFR-Based Rates
or (y) 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
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 (the “Adjustment;” and any such
proposed rate, a “LIBOR Successor Rate”), and 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,not received, by such time, written notice of objection
to such Benchmark Replacement from Lenders comprising the Required Lenders have delivered to the
Administrative Agent written notice that such Required Lenders (A) in the case of an amendment to replace LIBOR with a rate described in clause (x), 

  
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object to the Adjustment; or (B) in the case of an amendment to replace LIBOR with a rate described in clause (y), object to such amendment;
provided that for the avoidance of doubt, in the case of
clause (A), the
Required Lenders shall not be entitled to object to any SOFR-Based Rate contained in any such amendment. Such 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. 

(b) If no LIBOR Successor Rate has
been determined and the circumstances under clause (i) above exist or the Scheduled Unavailability Date has occurred (as applicable), the Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, the obligation of
the Lenders to make or maintain LIBO Rate Loans shall be suspended, (to the extent of the affected LIBO Rate Loans or Interest Periods). Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing of LIBO Rate Loans (to
the extent of the affected LIBO Rate Loans or Interest Periods). 

(c) Notwithstanding anything else herein, any definition
of LIBOR Successor Rate shall provide that in no event shall such LIBOR Successor Rate be less than 1.50% for purposes of this Agreement. 

(d) (and any such objection shall be conclusive and binding absent manifest error); provided that solely in the event that the
then-current Benchmark at the time of such Benchmark Transition Event is not a SOFR-based rate, the Benchmark Replacement therefor shall be determined in accordance with clause (1) of the definition of Benchmark Replacement unless the
Administrative Agent determines that neither of such alternative rates is available. 

(y)
 On the Early Opt-in Effective Date in respect of an Other Rate Early Opt-in, the Benchmark Replacement will replace LIBOR 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. 

(c)
 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 

  
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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 Base Rate Loans. During the period referenced in the foregoing sentence, the component of Base Rate based upon the Benchmark will not be used in any determination of Base
Rate. 
 (d) In connection with the implementation of a LIBOR Successor
Rateand administration of a Benchmark
Replacement, the Administrative Agent will have the right to make LIBOR Successor
RateBenchmark Replacement 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
RateBenchmark Replacement Conforming Changes
will become effective without any further action or consent of any other party to this Agreement. 
 (e) For purposes hereof: 

(e)
 The Administrative Agent will promptly notify the Borrower and the Lenders of (A) the implementation of any Benchmark Replacement and (B) the effectiveness of any Benchmark Replacement Conforming Changes. Any determination, decision or
election that may be made by the Administrative Agent pursuant to this Section 3.04, 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 sole discretion and without consent from any other party hereto, except, in each case, as expressly required pursuant to
this Section 3.04.  
 (f) At any time (including in connection with the implementation of a Benchmark Replacement), (A) if the then-current
Benchmark is a term rate (including Term SOFR or 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 (B) the
Administrative Agent may reinstate any such previously removed tenor for Benchmark (including Benchmark Replacement) settings. 

Definitions. 
 “Available Tenor” means, as of any date of determination and with respect to the then-current
Benchmark, as applicable, (x) if the then-current Benchmark is a term rate, any tenor for such Benchmark that is or may be used for determining the length of an Interest Period or (y) otherwise, any payment period for interest calculated
with reference to such Benchmark, as applicable, pursuant to this Agreement as of such date. 

“
Benchmark” means, initially, LIBOR; provided that if a replacement of the Benchmark has occurred pursuant to Section 3.04 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. 

  
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“
Benchmark Replacement” means: 
 (1) For purposes of Section 3.04(a), the alternative set forth
below: 
 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, 0.42826% (42.826 basis points) for an Available Tenor of six-months’ duration, and 0.71513% (71.513 basis points) for an Available Tenor of
twelve-months’ duration; and 
 (2) For purposes of Section 3.04(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 Benchmark giving due consideration to any evolving or then-prevailing market convention, including any
applicable recommendations made by a 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 (1) or (2) above would be less than zero, the Benchmark Replacement will be deemed to be zero for the purposes of this Agreement and the other Loan Documents. 

Any
 Benchmark Replacement 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 Benchmark Replacement shall be applied in a
manner as otherwise reasonably determined by the Administrative Agent. 

(i) “LIBOR Successor
RateBenchmark Replacement Conforming Changes” means, with respect to any proposed LIBOR Successor Rate, any
conformingBenchmark Replacement, any technical, administrative or operational changes
(including changes to the definition of “Base
Rate,” the definition of “Business Day,” the definition of “Interest
Period,” timing and frequency of determining rates and
making payments of interest, timing of borrowing requests or prepayment, conversion or continuation notices, the
applicability and length of lookback periods, the applicability of breakage provisions, and other technical, administrative or operational matters as may be appropriate, in the discretion
of) that the Administrative Agent, decides may be
appropriate to reflect the adoption and implementation of such LIBOR Successor RateBenchmark Replacement and to permit the administration thereof by the
Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent 

  
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determinesdecides
 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 LIBOR Successor
RateBenchmark Replacement exists, in such
other manner of administration as the Administrative Agent determinesdecides is reasonably necessary in connection with the administration of
this
Agreement); and
 the other Loan Documents). 
 “Benchmark Transition Event” means, with respect to any then-current Benchmark other than LIBOR, the
occurrence of a public statement or publication of information by or on behalf of the administrator of the then-current Benchmark or a Governmental Authority with jurisdiction over such administrator announcing or stating that all Available Tenors
are or will no longer be representative, or made available, or used for determining the interest rate of loans, or shall or will otherwise cease, provided that, at the time of such statement or publication, there is no successor administrator that
is satisfactory to the Administrative Agent, that will continue to provide any representative tenors of such Benchmark after such specific date.  

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

a
 determination by the Administrative Agent, or a notification by the Borrower to the Administrative Agent that the Borrower has made a determination, that U.S. dollar-denominated syndicated credit facilities currently being executed, or that include
language similar to that contained in Section 3.04, are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace LIBOR, and  

the
 joint election by the Administrative Agent and the Borrower to replace LIBOR with a Benchmark Replacement and the provision by the Administrative Agent of written notice of such election to the Lenders. 

“
Other Rate Early Opt-in” means the Administrative Agent and the Borrower have elected to replace LIBOR with a Benchmark Replacement other than a SOFR-based rate pursuant to (1) an Early Opt-in Election and
(2) Section 3.04(b) and paragraph (2) of the definition of “Benchmark Replacement”. 

  
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(ii) “Relevant Governmental Body” means the Board of
Governors of the Federal Reserve Board and/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 Board and/or the Federal Reserve Bank of New York for the purpose of recommending a benchmark rate to
replace LIBOR in loan agreements similar to this Agreement;(iii) “SOFR” with respect to any day means the secured overnight financing rate published for such day bySystem or 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 and that has been selected or recommended by
the Relevant Governmental Body;or any successor thereto. 

(iv) “SOFR-Based Rate” means SOFR or Term SOFR;
and Early Opt-in” means the Administrative Agent and the Borrower have elected
to replace LIBOR pursuant to (1) an Early Opt-in Election and (2) Section 3.04(a) and paragraph (1) of the definition of “Benchmark Replacement”. 

(v) “Term
SOFR” means “Term SOFR” means, for the
applicable corresponding tenor (or if any Available Tenor of a Benchmark does not correspond to an Available Tenor for the applicable Benchmark Replacement, the closest corresponding Available Tenor and if such Available Tenor corresponds equally to
two Available Tenors of the applicable Benchmark Replacement, the corresponding tenor of the shorter duration shall be applied), the forward-looking term rate for any period that is approximately (as determined by the Administrative Agent) as long as any of the Interest Period options set forth in the definition of
“Interest Period” and that is based on SOFR andbased on SOFR that has been selected 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. 

3.05 Increased Costs; Reserves on LIBO 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 3.05(d)); 

(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, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or

 (iii) impose on any Lender or the London interbank market any other condition, cost or expense affecting any Lender’s
Term Loan or this Agreement; 

  
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 and the result of any of the foregoing shall be to increase the cost to such Lender of
making or maintaining any Term Loan, or to increase the cost to such Lender to reduce the amount of any sum received or receivable by such Lender hereunder (whether of principal, interest or any other amount) then, upon request of such Lender, the
Borrower will pay to such Lender such additional amount or amounts as will compensate such Lender for such additional costs incurred or reduction suffered. 

(b) Capital Requirements. If any Lender determines that any Change in Law affecting such Lender or any Lending Office of
such Lender or such Lender’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 capital or on the capital of such Lender’s holding company,
if any, as a consequence of this Agreement, the Term Loans made by such Lender to a level below that which such Lender or such Lender’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s
policies and the policies of such Lender’s holding company with respect to capital adequacy), then from time to time the Borrower will pay to such Lender such additional amount or amounts as will compensate such Lender or such Lender’s
holding company for any such reduction suffered. 
 (c) Certificates for Reimbursement. A certificate of a Lender
setting forth the amount or amounts necessary to compensate such Lender or its holding company, as the case may be, as specified in subsection (a) or (b) of this Section and delivered to the Borrower shall be conclusive
absent manifest error. The Borrower shall pay such Lender, as the case may be, the amount shown as due on any such certificate within ten (10) days after receipt thereof. 

(d) Reserves. 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 such Lender’s Term
Loan equal to the actual costs of such reserves allocated to such Term 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 or the funding of the Term 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 Term 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 Term 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. 

  
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 (e) Delay in Requests. Failure or delay on the part of any Lender to
demand compensation pursuant to the foregoing provisions of this Section 3.04 shall not constitute a waiver of such Lender’s right to demand such compensation, provided that the Borrower shall not be required to compensate a
Lender pursuant to the foregoing provisions of this Section for any increased costs incurred or reductions suffered more than nine (9) months prior to the date that such Lender, 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 intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the nine (9) month
period referred to above shall be extended to include the period of retroactive effect thereof). 
 3.06 [Reserved]. 

3.07 Mitigation Obligations; Replacement of Lenders. 

(a) 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, or any Governmental Authority for the account of any Lender 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 shall use reasonable efforts to designate a different Lending Office for funding or booking its Term Loans hereunder or to assign its rights and obligations hereunder to
another of its offices, branches or affiliates, if, in the judgment of such Lender such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 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 to any unreimbursed cost or expense and would not otherwise be disadvantageous to such
Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. 

(b) 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 3.07(a), the Borrower may replace such Lender in accordance with Section 11.13. 

3.08 Survival. 
 All of the
Borrower’s obligations under this Article III shall survive termination of the Commitments, repayment of all other Obligations hereunder, resignation of the Administrative Agent and the Facility Termination Date. 

  
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 ARTICLE IV 

CONDITIONS PRECEDENT TO TERM LOANS 

4.01 Conditions of the Term Loans. 

Except to the extent specifically included as a post-closing obligation under Section 6.17 hereof, the obligation of each Lender to
fund its Term Loan hereunder on the Closing Date is subject to satisfaction or waiver of the following conditions precedent: 

(a) Execution of Credit Agreement; Loan Documents. The Administrative Agent shall have received originals or electronic
copies (followed promptly by originals) unless otherwise specified, each properly executed by a Responsible Officer of each signing Loan Party, dated the Closing Date (or, in the case of certificates of governmental officials, a recent date before
the Closing Date) and in form and substance satisfactory to the Administrative Agent and each of the Lenders: 
 (i)
counterparts of this Agreement, executed by a Responsible Officer of each 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, the Pledge Agreement and each other 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) the Mortgages and each other Mortgaged Property Support Documents for each Mortgaged Property, 

(v) a duly completed letter of direction and funds flow memorandum executed by a Responsible Officer, 

(vi) 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, and 
 (vii) the Intercreditor Agreement, duly executed by the ABL
Agent and acknowledged by the Loan Parties, in form and substance satisfactory to the Administrative Agent. 
 (b)
Officer’s Certificate. The Administrative Agent shall have received an Officer’s Certificate dated the Closing Date, certifying as to (i) 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), (ii) the resolutions of the governing body of each Loan Party authorizing execution and delivery of, and

  
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performance of the obligations under, the Loan Documents is true and complete, and that such resolutions are in full force and effect, were duly adopted, have not been amended, modified or
revoked, and constitute all resolutions adopted with respect to the Facility, (iii) a certificate of good standing, existence or its equivalent of each Loan Party issued by the Secretary of State or other appropriate official of such Loan
Party’s jurisdiction of organization, and (iv) the incumbency (including specimen signatures) of the Responsible Officers of each Loan Party. Any Agent may conclusively rely on this certificate until it is otherwise notified by the
applicable Loan Party in writing. 
 (c) Legal Opinions of Counsel. The Administrative Agent shall have received a
favorable opinion of (i) Skadden, Arps, Slate, Meagher & Flom LLP (“Skadden”) and (ii) Skadden or local counsel to the Loan Parties in each jurisdiction in which Eligible Real Property is located for which a
Mortgage is executed as of the Closing Date, each dated the Closing Date and addressed to the Administrative Agent and the Lenders and in form and substance acceptable to the Administrative Agent. 

(d) Financial Statements. The Administrative Agent and the Lenders shall have received copies of (i) quarterly
financial statements of the Borrower and its Subsidiaries dated the end of the most recent fiscal quarter prior to the Closing Date for which financial statements are available, each in form and substance satisfactory to each of them,
(ii) Audited Financial Statements for the fiscal years of the Borrower and its Subsidiaries ended December 31, 2019, and (iii) projections prepared by management of the Borrower, each in form satisfactory to the Lenders, of balance
sheets, income statements and cash flow statements of the Borrower and its Subsidiaries on an annual basis for each of the five years following the Closing Date. 

(e) Availability. Agent shall have received an ABL Borrowing Base Report and a Consolidated Borrowing Base Report, each
as of the Closing Date and demonstrating, among other items, after giving effect to the proceeds of the Term Loans and the outstanding ABL Loans (after giving effect to any made on the Closing Date), Availability of at least $65,000,000. 

(f) Personal Property Collateral. The Administrative Agent shall have received, in form and substance satisfactory to
the Administrative Agent: 
 (i) (A) searches of UCC filings in the jurisdiction of incorporation or formation, as
applicable, of each Loan Party and each jurisdiction where any Collateral is located or where a filing would need to be made in order to perfect the Collateral 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 U.S. governmental offices (i.e., the United States
Patent and Trademark Office and United States Copyright Office) and such patent/trademark/copyright filings as requested by the Administrative Agent in order to perfect the Collateral Agent’s security interest in the U.S. Intellectual Property
included in the Collateral (and certain of which searches may be provided after the Closing Date as determined by the Administrative Agent); 

  
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 (iii) completed UCC financing statements for each appropriate jurisdiction
as is necessary, in the Collateral Agent’s sole discretion, to perfect the Administrative Agent’s security interest in the Collateral; 

(iv) original executed stock or membership certificates, if any, evidencing the Pledged Collateral and undated stock or
transfer powers duly executed in blank; in each case to the extent such Pledged Collateral is certificated (it being agreed that the requirement of this Section 4.01(f)(iv) shall be deemed satisfied by delivery of such certificates and
stock or transfer powers to the ABL Agent); 
 (v) in the case of any personal property Collateral located at premises leased
by a Loan Party and set forth on Schedule 5.21(g), or at other locations pursuant to warehouseman, consignment, processing or similar agreements, such estoppel letters, consents and waivers from the landlords of such real property or third
parties with possession of such Collateral required to be delivered in connection with Section 6.14 (such letters, consents and waivers shall be in form and substance satisfactory to the Administrative Agent, it being acknowledged and
agreed that any Landlord Waiver is satisfactory to the Administrative Agent); 
 (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 assignments as may be necessary or
appropriate to create and perfect the Administrative Agent’s and the Lenders’ security interest in the Collateral (it being agreed that the requirement of this Section 4.01(f)(vi) shall be deemed satisfied by delivery of such
instruments, documents and chattel paper to the ABL Agent); and 
 (vii) Qualifying Control Agreements satisfactory to the
Administrative Agent required to be delivered pursuant to Section 6.14. 
 (g) Liability, Casualty, Property,
Terrorism and Business Interruption Insurance. The Administrative Agent shall have received copies of insurance policies, declaration pages, certificates, and endorsements of insurance or insurance binders evidencing liability, casualty,
property, terrorism and business interruption insurance meeting the requirements set forth herein or in the Collateral Documents or as required by the Administrative Agent. The Loan Parties shall have delivered to the Administrative Agent an
Authorization to Share Insurance Information. 

  
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 (h) Solvency Certificate. The Administrative Agent shall have
received a Solvency Certificate signed by a Responsible Officer of the Borrower certifying as to the financial condition, solvency and related matters of the Borrower and its Subsidiaries, after giving effect to the initial borrowings under the Loan
Documents and the other transactions contemplated hereby. 
 (i) Perfection Certificate. The Borrower shall have
delivered to the Administrative Agent a completed Perfection Certificate, executed and delivered by a Responsible Officer of the Borrower together with all attachments contemplated thereby. 

(j) Closing Condition Certificate. The Administrative Agent shall have received a certificate from the Borrower, signed
by a Responsible Officer of the Borrower, certifying (A) that the conditions specified in Sections 4.01(p) and (q) have been satisfied, (B) that there has been no event or circumstance since the date of the Audited
Financial Statements that has had or could be reasonably expected to have, either individually or in the aggregate, a Material Adverse Effect, (C) as to the absence of any action, suit, investigation or proceeding pending or, to the knowledge
of the Loan Parties after due and diligent investigation, threatened or contemplated, at law, in equity, in arbitration or before any Governmental Authority, by or against any Loan Party or any Subsidiary or against any of their properties or
revenues that (1) purport to affect or pertain to this Agreement or any other Loan Document, or any of the transactions contemplated hereby or thereby, or (2) either individually or in the aggregate could reasonably be expected to have a
Material Adverse Effect and (D) that the attached, Third Amendment (as defined in the ABL Credit Agreement) and ABL Credit Agreement are true, correct and complete (and attaching such Third Amendment and ABL Credit Agreement). 

(k) [Reserved]. 

(l) Fees and Expenses. The Administrative Agent and the Lenders shall have received all fees and expenses, if any, owing
pursuant to the Fee Letter and Section 2.09. 
 (m) Due Diligence. The Lenders shall have completed a due
diligence investigation of the Borrower and its Subsidiaries in scope, and with results, satisfactory to the Lenders, including: 

(i) at least five (5) days prior to the Closing Date, the Borrower that qualifies as a “legal entity customer”
under the Beneficial Ownership Regulation shall deliver a Beneficial Ownership Certification in relation to the Borrower, and 

(ii) upon the reasonable request of any Lender made at least ten (10) 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, in each case at least five days prior to the Closing Date. 

  
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 (n) 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 and consummating the transactions contemplated hereby on or as of the
Closing Date, including with respect to repayment of any outstanding Indebtedness have been obtained. 
 (o)
[Reserved]. 
 (p) Representations and Warranties. The representations and warranties of the Borrower and each
other Loan Party contained herein and in any other Loan Document, or which are contained in any document furnished at any time under or in connection herewith or therewith, shall be true and correct in all material respects on and as of the date the
funding of any Term Loan, 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 as of such earlier date (other than if such
representations and warranties are subject to “materiality” or “Material Adverse Effect” or similar language, in which case they shall be true and correct in all respects). 

(q) No Default. No Event of Default and no Default, shall exist or have occurred and be continuing on and as of the date
of, and after giving effect to, the making of the Term Loans on the Closing Date. 
 (r) Other Documents. All other
documents provided for herein or which the Administrative Agent or any other Lender may reasonably request or require. 
 (s)
Additional Information. Such additional information and materials which the Administrative Agent and/or any Lender shall reasonably request or require. 

Without limiting the generality of the provisions of the last paragraph of Section 9.03, for purposes of determining compliance with the
conditions specified in this Section, 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 objection thereto. 

ARTICLE V 

REPRESENTATIONS AND WARRANTIES 

To induce each Agent and Lenders to enter into this Agreement and to make available the Term Loans on the Closing
Datehereunder, each Loan Party represents and
warrants to each Agent and the Lenders, as of the date made or deemed made, that: 

  
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 5.01 Existence, Qualification and Power. 

Each Loan Party and each of its 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 could not reasonably be
expected to have a Material Adverse Effect. The copy of the Organization Documents of each Loan Party provided to the Administrative Agent pursuant to the terms of this Agreement is a true and correct copy of each such document, each of which is
valid and in full force and effect. 
 5.02 Authorization; No Contravention. 

The execution, delivery and performance by each Loan Party of each Loan Document to which such Person is or is to be 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 any Lien under, or require any payment to be made under (i) any Contractual Obligation to which such Person is a party or affecting such Person or the properties of such Person or any of its Subsidiaries or (ii) any 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 Law (including, without limitation, Regulation U or Regulation X issued by the FRB); except in
each case referred to in clause (b) or (c), to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect. 

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) or (d) 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. 

  
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 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 the financial condition of the Borrower and its Subsidiaries as of the date thereof and their results of operations,
cash flows and changes in shareholder’s 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 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 sheet of the Borrower and its Subsidiaries dated
March 31, 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 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, 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)Second Amendment Effective Date,
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 and consolidating (if required to be provided hereunder) forecasted balance
sheet, statements of income and cash flows of the Borrower and its 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 management’s good faith business judgment in light of the conditions existing at the time of delivery of such forecasts. 

(e) No Dispositions or Involuntary Disposition. From the date of the Audited Financial Statements to and including the
Closing Date, there has been no Disposition by Borrower or any Subsidiary, or any Involuntary Disposition, of any material part of the business or Property of Borrower and its Subsidiaries, taken as a whole, and no purchase or other acquisition by
any of them of any business or property (including any Capital Stock of any other Person) material in relation to the consolidated financial condition of Borrower and its Subsidiaries, taken as a whole, in each case, which is not reflected in the
foregoing financial statements or in the notes thereto and has not otherwise been disclosed in writing to the Lenders on or prior to the Closing Date. 

  
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 5.06 Litigation. 

There are no actions, suits, proceedings, claims, investigations, or disputes pending or, to the knowledge of the Loan Parties, threatened or
contemplated, at law, in equity, in arbitration or before any Governmental Authority, by or against any Loan Party or any Subsidiary or against any of their properties or revenues that (a) purport to affect or 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 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 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. To the Borrower’s knowledge, the Borrower is not in default under any Real Property Contract. 

5.08 Ownership of Property. 
 Each
Loan Party and each of its Subsidiaries has good record and marketable title in fee simple to, or valid leasehold interests
in, or other legally enforceable rights to use 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 Compliance. 

Except as could not reasonably be expected to have a Material Adverse Effect: 

(a) Each of the Operating Facilities and all operations at the Operating Facilities are in compliance with all applicable
Environmental Laws, and there is no violation of any Environmental Law with respect to the Operating Facilities or the Businesses, and there are no conditions relating to the Operating Facilities or the Businesses that could give rise to liability
under any applicable Environmental Laws. 
 (b) None of the Operating Facilities contains, or has previously contained, any
Hazardous Materials at, on or under the Operating Facilities in amounts or concentrations that constitute or constituted a violation of Environmental Laws. 

(c) Neither Borrower nor any Subsidiary has received any written or verbal notice of, or inquiry from any Governmental
Authority regarding, any violation, alleged violation, non-compliance, liability or potential liability regarding environmental matters or compliance with Environmental Laws with regard to any of the Operating Facilities or the Businesses, nor does
any Responsible Officer of any Loan Party have knowledge or reason to believe that any such notice will be received or is being threatened. 

  
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 (d) Hazardous Materials have not been transported or disposed of from the
Operating Facilities, or generated, treated, stored or disposed of at, on or under any of the Operating Facilities or any other location, in each case by or on behalf Borrower or any Subsidiary in violation of, or in a manner that would be
reasonably likely to give rise to liability under, any applicable Environmental Law. 
 (e) No judicial proceeding or
governmental or administrative action is pending or, to the knowledge of the Responsible Officers of the Loan Parties, threatened, under any Environmental Law to which Borrower or any Subsidiary is or will be named as a party, nor are there any
consent decrees or other decrees, consent orders, administrative orders or other orders, or other administrative or judicial requirements outstanding under any Environmental Law with respect to Borrower, any Subsidiary, the Operating Facilities or
the Businesses. 
 (f) There has been no release or, threat of release of Hazardous Materials at or from the Operating
Facilities, or arising from or related to the operations (including, without limitation, disposal) of Borrower or any Subsidiary in connection with the Operating Facilities or otherwise in connection with the Businesses, in violation of or in
amounts or in a manner that could give rise to liability under Environmental Laws. 
 5.10 Insurance. 

The properties of the Borrower and its Subsidiaries are insured with financially sound and reputable insurance companies that are 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 Subsidiary operates. The general liability, casualty, property, terrorism 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 and/or 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. 

Each Loan Party and its Subsidiaries have filed all federal, state and other material tax returns and reports required to be filed, and have
paid all federal, state and other material taxes, assessments, fees and other governmental charges levied or imposed upon them or their properties, income or assets otherwise due and payable, except 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. 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. The Australian Borrower is
not a member of an Australian Tax Consolidated Group. 

  
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 5.12 ERISA 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 has received a favorable determination letter or is subject to a favorable opinion 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 prevent or cause the loss of such tax-qualified status. 

(b) There are no pending or, to the best knowledge of the Loan Parties, threatened 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; (ii) as of the most recent
valuation date for any Pension Plan, the funding target attainment percentage (as defined in Section 430(d)(2) of the Code) is 60% or higher and no Loan Party nor any ERISA Affiliate knows of any facts or circumstances that could reasonably be
expected to cause the funding target attainment percentage for any such plan to drop below 60% as of the most recent valuation date; (iii) 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; (iv) neither the Borrower nor any ERISA Affiliate has engaged in a transaction that could be subject to Section 4069 or Section 4212(c) of ERISA;
and (v) no Pension Plan has been terminated by the plan administrator thereof nor by the PBGC, and no event or circumstance has occurred or exists that could reasonably be expected to cause the PBGC to institute proceedings under Title IV of
ERISA to terminate any Pension Plan. 
 (d) The Borrower represents and warrants as of the Closing Date that the Borrower is
not and will not be using “plan assets” (within the meaning of 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA) of one or more Benefit Plans in connection with the Term Loans or the Commitments. 

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 issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock. Following the application of the proceeds of each
Term Loan, not more than twenty-five percent (25%) of the value of the assets (either of the Borrower only or of the Borrower and its 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. 

  
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 (b) Investment Company Act. None of the Borrower, any Person
Controlling the Borrower, or any 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 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. 

5.15 Compliance with Laws. 
 Each
Loan Party and each Subsidiary thereof is in compliance with the requirements of all 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, individually and 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 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 insurance) that, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 

  
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 5.18 Sanctions Concerns and Anti-Corruption Laws; EEA Financial Institutions. 

(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 by any individual or entity that is (i) currently the subject or target of any Sanctions,
(ii) included on OFAC’s List of Specially Designated Nationals, HMT’s Consolidated List of Financial Sanctions Targets and the Investment Ban List, 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;
Sanctions. The Loan Parties and their Subsidiaries and, to the knowledge of the Loan Parties and their Subsidiaries, their Affiliates, officers and directors have conducted their business in compliance in all material respects with the United
States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010 and other applicable anti-corruption legislation in other jurisdictions and with all applicable Sanctions, and have instituted and maintained policies and procedures designed to
promote and achieve compliance with such laws and Sanctions. 
 5.19 Responsible Officers. 

Set forth on Schedule
1.01(c)in the incumbency certificate delivered as of the Second Amendment Effective
Date 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 was required to be updated in accordance with Sections 6.02 and/or
6.13Second Amendment Effective Date 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
otherany Loan Documents entered into by any applicable Loan Party from time to time.

 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 and/or 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 and/or
6.13, (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 

  
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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. 

(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 be updated in accordance with Sections 6.02 and/or 6.13, (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 or, in the case of any non-U.S. Loan Party that does not have a
U.S. taxpayer identification number, its unique identification number issued to it by the jurisdiction of its incorporation or organization, (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 Collateral Agent for the benefit of the Secured Parties a legal, valid and enforceable first priority Lien (subject, as to priority, to (i) to the extent encumbering ABL Priority Collateral, Permitted Liens
described in Section 7.01(l) and (ii) to the extent having priority by operation of law, other Permitted Liens) on all right, title and interest of the respective Loan Parties in the Collateral described therein. 

(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 and/or 6.13, is a list of (i) all registered or issued Intellectual Property (including all applications for registration and issuance and including, to the best
knowledge of the Loan Parties, all domain names) owned by each of the Loan Parties (including the name/title, current owner, registration or application number, and registration or application date, as applicable, and such other information as
reasonably requested by the Administrative Agent), and (ii) all material Licenses of Intellectual Property to which Borrower is a party as Licensor or licensee; provided that such Schedule delivered as of the Closing Date may be updated
to correct or supplement information as agreed by the Borrower and the Administrative Agent. Each Loan Party owns, licenses or possesses the right to use, all of the trademarks, service marks, trade names, domain names, copyrights, patents, patent
rights, technology, software, know-how database rights, design rights and other intellectual property rights (collectively, “IP Rights”) that are necessary for the operation of their respective businesses as currently conducted,
without infringement, misappropriation or other violation of the rights of any Person, except to the extent that such failure to own, license or possess the right to use, or infringement, 

  
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misappropriation or other violation of such rights, either individually or in the aggregate, could not reasonably be expected to cause a material diminution in the value of the Intellectual
Property. No use of any IP Rights, advertising, product, process, method, substance, part or other material used by any Loan Party or any Subsidiary in the operation of their respective businesses as currently conducted infringes upon any
intellectual property or other similar proprietary rights held by any Person, except for such infringements, individually or in the aggregate, which could not reasonably be expected to cause a material diminution in the value of the Intellectual
Property. No claim or litigation regarding any of the IP Rights, is pending or, to the knowledge of Borrower, threatened against any Loan Party or Subsidiary, which, either individually or in the aggregate, could reasonably be expected to cause a
material diminution in the value of the IP Rights. 
 (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 was required to be updated in accordance with Sections 6.02 and/or 6.13, is a description of all Documents, Instruments, and Tangible Chattel
Paper 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). 

(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 was required to be
updated in accordance with Sections 6.02 and 6.14, 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, the depository institution and whether such account is a zero balance account or a payroll account, payroll tax account or other employee benefit account, and (C) in the case of a Securities Account, the Securities Intermediary or
issuer, as applicable. 
 (ii) Set forth on Schedule 5.21(d)(ii), as of the Closing Date and as of the last date such
Schedule was required to be updated in accordance with Sections 6.02 and/or 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 was required to be updated in accordance with Sections 6.02 and/or 6.13, is a description of all Commercial Tort Claims (as defined in the UCC) of the Loan Parties (detailing such
Commercial Tort Claim in such detail as reasonably requested by the Administrative Agent). 

  
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 (f) Pledged Collateral. Set forth on Schedule 5.21(f), as of
the Closing Date and as of the last date such Schedule was required to be updated in accordance with Sections 6.02 and/or 6.13, is a list of (i) all Pledged Collateral and (ii) all other Equity Interests required to be
pledged to the Collateral Agent pursuant to the Collateral Documents, in each case, detailing the Pledgor (as defined in the Pledge Agreement), 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. Each Loan Party has good and marketable title to (or valid leasehold interests in) all of its 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 on the use or value of such Real Property,
and good title to all of its tangible personal Property, including all Property reflected in any financial statements delivered to Administrative Agent or Lenders (and which has not be disposed of since the date of such financial statement in
transaction permitted under this Agreement), in each case free of Liens except for Permitted Liens. Set forth on Schedule 5.21(g), as of the Closing Date and as of the last date such Schedule was required to be updated in accordance with
Sections 6.02 and/or 6.13, is a list of (i) each headquarter location of the Loan Parties, (ii) each other location where any significant administrative or governmental functions are performed, (iii) each other location
where the Loan Parties maintain any books or records (electronic or otherwise), (iv) 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
$1,000,000, (v) all Real Property owned by a Loan Party (in each case, including (A) an indication if such location is leased or owned, (B), if leased, the name of the lessor, and if owned, the name of the Loan Party owning such property
and (C) the address of such property (including, the city, county, state and zip code). Each such lease of Real Property under which any Loan Party is the lessee is, to the knowledge of the Borrower, enforceable against the lessor thereof in
accordance with its terms and is in full force and effect and the Loan Parties are not in default in any material respect of the terms thereof. 

(h) Material Contracts. Set forth on Schedule 5.21(h), as of the Closing Date and as of the last date such
Schedule was required to be updated in accordance with Sections 6.02 and/or 6.13, is a complete and accurate list of all Material Contracts of the Borrower and its Subsidiaries. 

(i) Accounts. The Administrative Agent may rely, in determining which Accounts are Eligible Accounts, on all statements
and representations made by the Borrower with respect thereto. The Borrower warrants, with respect to each Account shown as an Eligible Account in a Consolidated Borrowing Base Report, that: (i) it is genuine and in all respects what it
purports to be; (ii) it arises out of a completed, bona fide sale and delivery of goods or rendition of services in the Ordinary Course of Business, and substantially in accordance with any purchase order, contract or other document
relating 

  
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thereto; (iii) it is for a sum certain, maturing as stated in the applicable invoice a copy of which has been furnished or is available to the Administrative Agent on request; (iv) it
is not subject to any offset, Lien (other than the Administrative Agent’s Lien), deduction, defense, dispute, counterclaim or other adverse condition except as arising in the Ordinary Course of Business and disclosed to the Administrative Agent
or reflected in the amount thereof in the Consolidated Borrowing Base Report; and it is absolutely owing by the Account Debtor, without contingency of any kind; (v) no purchase order, agreement, document or applicable Law restricts assignment
of the Account to the Administrative Agent (except to the extent, under the UCC, the restriction is ineffective), and the Borrower is the sole payee or remittance party shown on the invoice; (vi) no extension, compromise, settlement,
modification, credit, deduction or return has been authorized or is in process with respect to the Account, except discounts or allowances granted in the Ordinary Course of Business for prompt payment that are reflected on the face of the invoice
related thereto and in the reports submitted to the Administrative Agent hereunder; and (vii) to the best of the Borrower’s knowledge, (i) there are no facts or circumstances that are reasonably likely to impair the enforceability or
collectability of such Account; (ii) the Account Debtor had the capacity to contract when the Account arose, continues to meet the Borrower’s customary credit standards, is Solvent, is not contemplating or subject to a proceeding under any
Debtor Relief Law, and has not failed, or suspended or ceased doing business; and (iii) there are no proceedings or actions threatened or pending against any Account Debtor that could reasonably be expected to have a material adverse effect on
the Account Debtor’s financial condition. 
 (j) Eligible Inventory. All Eligible Inventory is of good and
merchantable quality, free from known defects. As to any Inventory that is identified by Borrower as Eligible Inventory in a Consolidated Borrowing Base Report submitted to Administrative Agent, such Inventory is not excluded as ineligible by virtue
of one or more of the excluding criteria set forth in the definition of Eligible Inventory. Each Loan Party keeps records which are correct and accurate in all material respects itemizing and describing the type, quality, and quantity of its and its
Subsidiaries’ Inventory and the book value thereof. 
 5.22 Labor Matters. 

There are no collective bargaining agreements or Multiemployer Plans covering the employees of the Borrower or any of its Subsidiaries as of
the Closing Date and neither the Borrower nor any Subsidiary has suffered any strikes, walkouts, work stoppages or other labor difficulty within the last five (5) years preceding the Closing Date that could reasonably be expected to have a
Material Adverse Effect. 
 5.23 Certificate of Beneficial Ownership. 

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 Surety Obligations. 

Neither the Borrower nor any other Loan Party is obligated as surety or indemnitor under any bond or other contract that assures payment or
performance of any obligation of any Person, except as permitted hereunder. 
 5.25 Trade Regulations. 

There exists no actual or threatened termination, limitation or modification of any business relationship between the Borrower or any other
Loan Party and any customer or supplier, or any group of customers or suppliers that, who individually or in the aggregate are material to the business of the Borrower or such other Loan Party. There exists no condition or circumstance that, could reasonably be expected to impair the ability of the Borrower or any other Loan Party to conduct its business at any time hereafter in substantially the same manner as conducted on the Closing
Datehave a Material Adverse Effect.

 5.26 Payables Practice. 

Neither the Borrower nor any other Loan Party has made any material change in its historical accounts payable practices from those in effect on
the Closing
DateSecond Amendment Effective Date that, individually or in the aggregate, could reasonably be
expected to have a Material Adverse Effect. 
 5.27 Regulation H. 

No Mortgaged Property is a Flood Hazard Property unless the Collateral Agent shall have received the following: (a) the applicable Loan
Party’s written acknowledgment of receipt of written notification from the Collateral Agent (i) as to the fact that such Mortgaged Property is a Flood Hazard Property, and (ii) as to whether the community in which each such Flood
Hazard Property is located is participating in the National Flood Insurance Program, (b) such other flood hazard determination forms, notices and confirmations thereof as reasonably requested by the Collateral Agent, and (c) copies of
insurance policies or certificates of insurance of the applicable Loan Party evidencing flood insurance sufficient for compliance with Flood Laws and otherwise satisfactory to the Collateral Agent and naming the Collateral Agent as loss payee on
behalf of the Lenders. 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. 

5.28
EEAAffected Financial
Institutions; Covered Entities. 

No Loan Party is an EEAAffected Financial Institution. No Loan Party is a Covered Entity.  

  
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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 Subsidiaries (except in the case of the covenants set forth in Sections 6.01, 6.02 and 6.03) to: 

6.01 Financial Statements. 

Deliver to the Administrative Agent and each Lender, in form and detail reasonably satisfactory to the Administrative Agent and the Required
Lenders: 
 (a) Audited Financial Statements. As soon as available, but in any event within ninety (90) days
after the end of each fiscal year of the Borrower, Consolidated and consolidating balance sheets of the Borrower and its Subsidiaries as at the end of such fiscal year, and the related Consolidated and consolidating statements of income or
operations, changes in Shareholders’ Equity and cash flows 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,
(i) such Consolidated and consolidating statements to be audited and accompanied by a report and opinion of KPMG LLP or another independent certified public accountant of nationally recognized standing reasonably acceptable to the Required
Lenders, 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 relating to the upcoming maturity of any Indebtedness or
potential inability to comply with any financial covenant). 

(b) Quarterly Financial Statements. As soon as available, but in any event within forty-five (45) days after the
end of each of the first three (3) fiscal quarters of each fiscal year of the Borrower, Consolidated and consolidating balance sheets of the Borrower and its Subsidiaries as at the end of such fiscal quarter, and the related Consolidated and
consolidating 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, 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 and consolidating statements to be
certified by a Responsible Officer of the Borrower as fairly presenting 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. 
 (c) Monthly Financial Statements. As soon as available, but in any event within
thirty (30) days after the end of each month, Consolidated and consolidating balance sheets of the Borrower and its Subsidiaries as at the end of such month, and the related Consolidated and consolidating statements of income or operations,
changes in cash flows 

  
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for such month and for the portion of the Borrower’s fiscal year then ended, all in reasonable detail and prepared in accordance with GAAP, such Consolidated and consolidating statements to
be certified by a Responsible Officer of the Borrower as fairly presenting the financial condition, results of operations and cash flows of the Borrower and its Subsidiaries, subject only to normal year-end audit adjustments and the absence of
footnotes. 
 6.02 Certificates; Other Information. 

Deliver to the Administrative Agent and each Lender, in form and detail reasonably satisfactory to the Administrative Agent and the Required
Lenders: 
 (a) Accountants’ Certificate. Concurrently with the delivery of the financial statements referred to
in Section 6.01(a), a certificate of its independent certified public accountants certifying such financial statements. 

(b) Compliance Certificate. Concurrently with the delivery of the financial statements referred to in Sections
6.01(a), (b), and at all times that the minimum Availability covenant set forth on Schedule 7.11(a) is required to be tested,
Section 6.01(c), a duly completed Compliance Certificate signed by a Responsible Officer of the Borrower. Unless the Administrative Agent or a Lender requests executed
originals, delivery of the Compliance Certificate may be by electronic communication including fax or email and shall be deemed to be an original and authentic counterpart thereof for all purposes. 

(c) Consolidated Borrowing Base Reports. No later than the third Business Day of each week and at such other times as
the Administrative Agent may request, (i) a Consolidated
Borrowing Base Report as of the close of business of the previous week (provided that it is understood and agreed that the information contained therein with respect to Inventory may be calculated as of the most recent month-end), together
with a true and complete copy of the ABL Borrowing Base Report for such period and such supporting information and backup documentation as the Administrative Agent may reasonably request. All information (including all calculations of Availability)
in a Consolidated Borrowing Base Report shall be certified by the Borrower. With respect to Eligible Real Property and Eligible Machinery and Equipment included in the
US Term Loan Borrowing Base or AUS Term Loan Borrowing Base, the Administrative Agent may from time
to time adjust such report (a) to reflect the Administrative Agent’s reasonable estimate of declines in value of such Collateral; and (b) to the extent any information or calculation does not comply with this Agreement.; 
 (d) 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 as of the date of such Compliance Certificate: Schedules 1.01(c) Responsible Officers, 5.10 Insurance, 5.20(a) Subsidiaries, Joint Ventures, Partnerships and Other Equity Investments, 5.20(b) Loan Parties,
5.21(b) Intellectual Property, 5.21(c) Documents, Instrument, and Tangible Chattel Paper, 5.21(d)(i) Deposit Accounts & Securities Accounts, 5.21(d)(ii) Electronic Chattel Paper & Letter-of-Credit
Rights, 5.21(e) Commercial Tort Claims, 5.21(f) Pledged Collateral, 5.21(g) Properties and 5.21(h) Material Contracts. 

  
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 (e) Calculations. Concurrently with the delivery of the Compliance
Certificate referred to in Section 6.02(b) required to be delivered with the financial statements referred to in Section 6.01(a), a certificate (which may be included in such Compliance Certificate) including (i) the
amount of all Restricted Payments, Investments (including Permitted Acquisitions), Dispositions, Consolidated Capital Expenditures, Debt Issuances and Equity Issuance that were made during the prior fiscal year and (ii) amounts received in
connection with any Extraordinary Receipt during the prior fiscal year. 
 (f) Changes in Entity Structure. Within ten
(10) days prior to any merger, consolidation, dissolution or other change in entity structure of any Loan Party or any of its 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. Provide notice to the Administrative Agent, not less than ten (10) days prior (or such extended period of time as agreed to by the
Administrative Agent) of any change in any Loan Party’s legal name, state of organization, or organizational existence. 

(g) Audit Reports; Management Letters. Promptly after any request by the Administrative Agent or any Lender, copies of
any detailed audit reports or management letters 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 Subsidiaries, or any audit of any of them. 
 (h) 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. 
 (i) Debt Statements and Reports. With respect to Indebtedness for borrowed money in an aggregate principal
amount of $5,000,000 or more, promptly, after the furnishing thereof, copies of any statement or report furnished to or by any agent, lender or holder of Indebtedness of any Loan Party or of any of its Subsidiaries pursuant to the terms of any
indenture, loan or credit or similar agreement (including amendments, waivers and other modifications) and not otherwise required to be furnished to the Lenders pursuant to Section 6.01 or any other clause of this Section. 

  
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 (j) SEC Notices. Promptly, and in any event within five
(5) Business Days after receipt thereof by any Loan Party or any 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 Subsidiary thereof. 

(k) A/R Aging. On or before the
20th day of each month (or, during a Reporting Trigger Period, the third Business Day of each
week), a detailed aged trial balance of all Accounts as of the end of the preceding month,
specifying each Account’s Account Debtor name and address, amount, invoice date and due date, showing any discount, allowance, credit, authorized return or dispute, and including such proof of delivery, copies of invoices and invoice registers,
copies of related documents, repayment histories, status reports and other information as the Administrative Agent may reasonably request. 

(l) Trade Payables. Promptly following any request therefor, a listing of the Borrower’s trade payables, specifying
the trade creditor and balance due, and a detailed trade payable aging, all in form reasonably satisfactory to the Administrative Agent. 

(m) Environmental Notice. Promptly after 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 could reasonably be expected to have a Material Adverse Effect. 

(n) Budgets and Forecasts. When and as available, but in any event within forty-five (45) days after the beginning
of each fiscal year, an annual business plan and budget and forecasts of the Borrower and its Subsidiaries containing, among other things, pro forma financial statements for such fiscal year and projections of the Borrower’s Availability with
supporting projected Borrowing Base calculations, for the next fiscal year, on a calendar month by month basis, in each case, together with a statement of all underlying assumptions. 

(o) Beneficial Ownership Regulation. Promptly following any request therefor, provide information and documentation
required by bank regulatory authorities under applicable laws, statutes, regulations or obligatory government orders, decrees, ordinances or rules related to terrorism financing or money laundering, including any applicable provision of the PATRIOT
Act and 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) (including any applicable “know your
customer” rules and regulations and the PATRIOT Act) and the Beneficial Ownership Regulation. 
 (p) Additional
Information.
Promptly No
later than (i) the delivery deadlines specified in part II of Schedule 7.11, the reports and information set forth therein, and (ii) otherwise, promptly, such additional information
regarding the business, financial, legal or corporate affairs of any Loan Party or any 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; provided that so long as the Loan Parties do not (x) request or require  

  
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that third parties agree to confidentiality provisions
prohibiting disclosure to the Administrative Agent or Secured Parties in any document, information or other matter described in this clause (p)(ii) and/or (y) seek to cause any such documents to be subject to attorney-client privilege solely
for the purpose of avoiding compliance with this clause (p)(ii), then no Loan Party nor any Subsidiary of a Loan Party will be required to disclose any document, information or other matter pursuant to this clause (p)(ii) (x) in respect of
which disclosure to the Administrative Agent or any Lender (or their respective representatives) is prohibited by law or any binding agreement (other than any binding agreement entered into for the purpose of avoiding such disclosure) or
(ii) that is subject to attorney client or similar privilege or constitutes attorney work product; provided, further, that the Borrower shall notify the Administrative Agent if it is withholding any such document or information pursuant to the
foregoing proviso and shall use commercially reasonable efforts to deliver a redacted copy of or detailed summary of such document or information that can be disclose without breach or violation of law or contract or loss of privilege. 
 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 (a) 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); (b) 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); or (c) on which Borrower notifies the
Administrative Agent that such documents have been filed with the SEC and are publicly available on EDGAR; provided that: (i) the Borrower shall deliver paper copies of such documents to the Administrative Agent or any Lender upon its request
to the Borrower to deliver such paper copies until a written request to cease delivering paper copies is given by the Administrative Agent or such Lender and (ii) the Borrower shall notify the Administrative Agent and each Lender (by fax
transmission or e-mail transmission) of the posting of any such documents and provide to the Administrative Agent by e-mail electronic versions (i.e., soft copies) of such documents. 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. Nothing in this Agreement, including Section 6.02(p), shall require the Loan Parties to provide any documentation or other information to the extent
(x) doing so would or could reasonably be expected to result in a breach of a confidentiality obligation with a third party or (y) is subject to attorney client privilege or consists of attorney work product. 

  
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 6.03 Notices. 

Promptly, but in any event within two (2) Business Days, notify the Administrative Agent and each Lender of: 

(a) the occurrence of any Default; 

(b) any matter that has resulted or could reasonably be expected to result in a Material Adverse Effect; 

(c) the occurrence of any ERISA Event; 

(d) any material change in accounting policies or financial reporting practices by any Loan Party or any Subsidiary thereof or
the discharge of or any withdrawal or resignation by the Borrower’s independent accountants; 
 (e) any
(i) agreement to consummate a Disposition that, upon consummation, would result in a Change of Control and (ii) any event or condition requiring a mandatory prepayment pursuant to Section 2.05(b) including without limitation,
Dispositions of Term Loan Priority Collateral or ABL Priority Collateral, in each case, together with an update to the Consolidated Borrowing Base Report most recently delivered to the Administrative Agent reflecting the result of such casualty,
condemnation event or disposition, as applicable, on the calculations of the Term Loan Borrowing Base or ABL Borrowing Base; 

(f) any change in the information provided in any Beneficial Ownership Certification, if applicable, that would result in a
change to the list of beneficial owners identified in parts (c) or (d) of such certification; 
 (g) any pending or
threatened labor dispute, strike or walkout, or the expiration of any material labor contract; 
 (h) any default under or
termination of a Material Contract; 
 (i) any judgment in an amount exceeding $750,000; 

(j) the existence of any Default or Event of Default or any “Default” or “Event of Default” under and as
defined in any ABL Loan Document; 
 (k) any opening of a new office or place of business, at least 30 days prior to such
opening; 
 (l) any material casualty or other damage to any portion of the Term Loan Priority Collateral, or ABL Priority
Collateral, or the commencement of any action or proceeding for the taking of any interest in a portion of the Term Loan Priority Collateral or ABL Priority Collateral or any part thereof or interest therein under power of eminent domain or by
condemnation or similar proceeding; and 
 (m) the filing of any Lien against any Loan Party of which the Borrower is aware
for (i) unpaid Taxes which Lien has or could have priority over any Lien in favor of the Collateral Agent for the benefit of the Secured Parties to secure the Obligations or (ii) any other material Taxes. 

  
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 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 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, all its material obligations and liabilities, including (a) all 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; (b) all lawful claims which, if unpaid, would by law become a
Lien upon its property; and (c) all Indebtedness, as and when due and payable, but subject to any subordination provisions contained in any instrument or agreement evidencing such Indebtedness, except in the cases of clauses (b) and
(c) hereof to the extent that failure to do so could not reasonably be expected to result in a Default or Event of Default or otherwise to have a Material Adverse Effect. 

6.05 Preservation of Existence, Etc. 

(a) Preserve, renew and maintain in full force and effect its legal existence under the Laws of the jurisdiction of its
organization except in a transaction permitted by Section 7.04 or 7.05; 
 (b) preserve, renew and
maintain in full force and effect its good standing under the Laws of the jurisdiction of its organization, except to the extent to do so could not reasonably be expected to have a Material Adverse Effect; 

(c) 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 

(d) preserve or renew all of its registered patents, trademarks, trade names and service marks, the non-preservation of which
could reasonably be expected to have a Material Adverse Effect. 
 6.06 Maintenance of Properties. 

(a) Maintain, preserve and protect all of its material tangible properties and equipment necessary in the operation of its
business in good working order and condition, ordinary wear and tear excepted; 

  
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 (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; and 
 (c) use the
standard of care typical in the industry in the operation and maintenance of its facilities. 
 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, including, without limitation, (i) terrorism insurance and (ii) flood hazard insurance on all Mortgaged Properties that are Flood Hazard Properties, on such terms and in such amounts in
accordance with the Flood Laws or as otherwise satisfactory to all Lenders. From time to time upon request, the Loan Parties shall deliver to the Administrative Agent the originals or certified copies of its insurance policies and updated flood
plain searches. 
 (b) Evidence of Insurance. Cause the Collateral 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 Collateral 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 Collateral Agent that it will give the Collateral 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). Annually, upon expiration of current insurance coverage, the Loan Parties shall
provide, or cause to be provided, to the Collateral Agent, such evidence of insurance as required by the Collateral Agent, including, but not limited to: (i) certified copies of such insurance policies, (ii) evidence of such insurance
policies (including, without limitation and as applicable, ACORD Form 28 certificates (or similar form of insurance certificate), and ACORD Form 25 certificates (or similar form of insurance certificate)), (iii) declaration pages for each
insurance policy and (iv) lender’s loss payable endorsement of the Collateral Agent for the benefit of the Secured Parties is not on the declarations page for such policy. As requested by the Collateral Agent, the Loan Parties agree to
deliver to the Administrative Agent an Authorization to Share Insurance Information. 
 (c) Designation. Each Loan
Party shall promptly notify the Collateral Agent of any Mortgaged Property that is, or becomes, a Flood Hazard Property. 

  
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 6.08 Compliance with Laws. 

Comply with the requirements of all 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 consistently
applied shall be made of all financial transactions and matters involving the assets and business of such Loan Party or such 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 Subsidiary, as the case may be. 
 6.10 Inspection Rights. 

(a) The Borrower will permit the Administrative Agent (including, without limitation, the Administrative Agent’s
employees, agents, and designated representatives) and, if reasonably requested by any Lender, each such Lender (at each such Lender’s expense and only in connection with an examination or appraisal by the Administrative Agent) to conduct, and
will reimburse the Administrative Agent for all charges, costs and expenses of the Administrative Agent in connection with (i) examinations of any Loan Party’s books and records or any other financial or Collateral matters as Agent deems
appropriate, (ii) appraisals of Inventory, (iii) Real Property Appraisals, and (iv) appraisals of Equipment constituting Eligible Machinery and Equipment; provided, that, after the Second Amendment Effective Date, the Borrower shall not be
obligated to pay the charges, costs and expenses of the Administrative Agent in connection with more than two (2) examinations, two (2) Inventory appraisals, one Equipment appraisal and one Real Property Appraisal during any calendar year;
provided, however, that (x) if an Inspection Trigger Event has occurred, the Borrower shall reimburserequested by the Administrative Agent in its sole discretion after the Second Amendment Effective Date, the Borrower shall
permit the Administrative Agent for all charges, costs and expenses with respect to(including, without limitation, the Administrative Agent’s employees, agents and designated representatives) and, if
reasonably requested by any Lender, each such Lender (at each such Lender’s expense and only in connection with an examination or appraisal by the Administrative Agent) to conduct one
additional examination,
or appraisal by the Administrative Agent) to conduct one additional examination and Inventory appraisal, Equipment appraisal and Real Property Appraisal during the twelve (12) month period following
such Inspection Trigger Eventany calendar
year, and (y) additional examinations or appraisals may be initiated at any time during a Default or Event of Default and all charges, costs and expenses relating thereto shall be reimbursed
by Borrowers without regard to such limits. Notwithstanding the foregoing, provided that the ABL Agent is conducting all commercial examinations and Inventory appraisals permitted under the ABL Credit Agreement as in effect on the Closing
Date and providing the Administrative Agent with the results of the same in the manner required by the Intercreditor Agreement, the Administrative Agent shall not exercise its right to conduct and be reimbursed for separate commercial field
examinations and Inventory appraisals under this Section 6.10(a). 

  
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 (b) In connection with any entry into the Real Property Collateral, and upon
reasonable request in writing (electronic mail deemed an acceptable form of request with respect to this Section 6.10(b)) and, so long as no Default exists or is continuing, reasonable advance written notice from Administrative Agent
and/or Agent’s representatives, the Borrower shall accord Administrative Agent and such representatives access during the Borrower’s normal business hours to inspect the Real Property and all books and records relating to the use,
operation, construction, or management thereof, subject in each case to the rights of tenants under written leases, and in connection with such access, will permit Administrative Agent and such representatives to conduct appraisals, to conduct
environmental site assessments of every nature including without limitation sub-soil testing and/or examination, verify any information contained therein or relating thereto, and verify the Borrower’s compliance with the provisions of this
Agreement, the applicable Mortgage or of any other agreement between the Borrower and Administrative Agent, any Loan Documents and any instrument to be furnished by the Borrower to Administrative Agent, in each case relating to the Term Loans. 

(c) The Administrative Agent shall have no duty to the Borrower to make any inspection, nor to share any results of any
inspection, appraisal or report with the Borrower. The Borrower acknowledges that all inspections, appraisals and reports are prepared by the Administrative Agent for it and the Lenders for their purposes, and the Borrower shall not be entitled to
rely upon them. 
 (d) No Term Loan Borrowing Base calculation shall include Collateral acquired in a Permitted Acquisition
or otherwise outside the Ordinary Course of Business unless and until (i) the Collateral Agent has completed a review of such assets (which the
Collateral Agent shall do within a commercially reasonable period following a written request from
the Borrower for the same), the results of which shall be
satisfactory to Collateral Agent in its Permitted Discretion, and (ii) the Borrower has reimbursed the Collateral Agent for all charges, costs and expenses in connection with such review (without regard to, or counting against, any limitations on expense reimbursement or the number of examinations or appraisals
that may be conducted during any period, as contained in clause (a), (b) or (c) of this Section). 
 6.11 Use of Proceeds.

 Use the proceeds of the
Second Amendment Term LoanLoans for general corporate purposes not in contravention of any Law or of any Loan
Document, including, without limitation the repayment of any Indebtedness. The AUS Borrower shall use the
proceeds of the AUS Term Loan solely to make a loan to the U.S. Borrower constituting the AUS Intercompany Indebtedness hereunder. 

  
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 6.12 Material Contracts. 

Perform and observe all the terms and provisions of each Material Contract to be performed or observed by it, maintain each such Material
Contract in full force and effect and enforce each such Material Contract in accordance with its terms. 
 6.13 Covenant to Guarantee Obligations.

 The Loan Parties will cause each of their Material Domestic Subsidiaries whether newly formed, after acquired or otherwise existing
(including, without limitation, upon the formation of any Subsidiary that is a Delaware Divided LLC) to promptly (and in any event within thirty (30) days after such Material Domestic Subsidiary is formed or acquired (or such longer period of
time as agreed to by the Administrative Agent in its reasonable discretion)) become a Guarantor hereunder by way of execution of a Joinder Agreement. In connection therewith, the Loan Parties shall give notice to the Administrative Agent not less
than ten (10) days prior to creating a Subsidiary (or such shorter period of time as agreed to by the Administrative Agent in its reasonable discretion), or acquiring the Equity Interests of any other Person. 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) – (f) and 6.14 and
such other documents or agreements as the Administrative Agent may reasonably request, including without limitation, updated 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) and 5.21(h). 
 6.14 Covenant to Give Security. 

Except with respect to any property which, subject to the terms of Section 7.03(e), is subject to a Lien pursuant to documents that
prohibit such Loan Party from granting any other Liens in such property, and subject to Section 6.17: 
 (a)
Equity Interests and Personal Property. Each Loan Party will cause the Pledged Collateral and all of its tangible and intangible personal 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 Collateral Agent for the benefit of the Secured Parties to secure the 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, all in form and substance reasonably satisfactory to the Administrative Agent.
Notwithstanding anything to the contrary in any of the Loan Documents, the Loan Parties shall not have any obligation to perfect any security interest or lien in any Intellectual Property included in the Collateral in any jurisdiction other than the
United States of America. 
 (b) Landlord Waivers. In the case of (i) each headquarter location of the Loan
Parties, each other location where any significant administrative or governmental functions are performed and each other location where the Loan Parties maintain any books or records (electronic or otherwise) and (ii) any personal property
Collateral located at any 

  
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other premises leased by a Loan Party containing personal property Collateral with a value in excess of $1,000,000, the Loan Parties will use commercially reasonable efforts to provide the
Administrative Agent with such estoppel letters, consents and waivers from the landlords on such real property to the extent requested by the Administrative Agent (such letters, consents and waivers shall be in form and substance satisfactory to the
Administrative Agent, it being acknowledged and agreed that any Landlord Waiver is satisfactory to the Administrative Agent). 

(c) Account Control Agreements. 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 (a) deposit accounts that are maintained at
all times with depositary institutions as to which the Administrative Agent shall have received a Qualifying Control Agreement, (b) securities accounts that are maintained at all times with financial institutions as to which the Administrative
Agent shall have received a Qualifying Control Agreement, (c) deposit accounts established solely to fund payroll, payroll Taxes and similar employment Taxes or employee benefits and other zero balance accounts and (d) other deposit
accounts, so long as at any time the balance in any such account does not exceed $100,000 and the aggregate balance in all such accounts does not exceed $250,000. The Loan Parties shall be the sole account holders of each Deposit Account and
Securities Account set forth on Schedule 5.21(d)(i) and shall not allow any Person (other than any Agent, the ABL Agent and the depository bank) to have control over their Deposit Accounts, Securities Accounts or any Property deposited
therein. 
 (d) Mortgages. The Loan Parties shall execute, or cause to be executed, and delivered a Mortgage pursuant
to which the applicable Loan Party shall grant first priority Liens to the Collateral Agent, for the benefit of the Secured Parties, in the Real Property now or hereafter owned by each Loan Party, and each of the other Mortgaged Property Support
Documents. If any Loan Party shall acquire at any time or times hereafter any fee simple interest in other Real Property, such Loan Party agrees promptly to execute and deliver to the Collateral Agent, for its benefit and the benefit of the Lenders, as
additional security and Collateral for the Obligations, a Mortgage in form and substance reasonably satisfactory to
the Collateral Agent covering such Real Property. All
Mortgages shall be duly recorded (at Borrower’s expense) in each office where such recording is required to constitute a valid Lien on the Real Property covered thereby. In respect to any Mortgage, the Loan Parties shall deliver to the Collateral Agent, at Borrowers’ expense, all Mortgaged Property
Support Documents. Without limiting the foregoing, no Real Property shall be Eligible Real Property or otherwise be taken as Collateral unless each Lender confirms to the Administrative Agent that it has completed all flood due diligence, received
copies of all flood insurance documentation and confirmed flood insurance compliance as required by the Flood Laws or as otherwise satisfactory to such Lender. 

  
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 (e) Further Assurances. At any time upon the reasonable request of
the Administrative Agent, promptly execute and deliver any and all further instruments and documents and take all such other action as the Administrative Agent reasonably may 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.

 6.15 Further Assurances. 

Promptly upon 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 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 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 Subsidiaries is or is to be a party, and cause each of its Subsidiaries to do so. 
 6.16 Anti-Corruption and
Anti-Terrorism Laws. 
 Conduct its businesses in compliance in all material respects with the PATRIOT Act, the United States Foreign
Corrupt Practices Act of 1977, the UK Bribery Act 2010, and other similar anti-corruption legislation in other jurisdictions and maintain policies and procedures designed to promote and achieve compliance with such laws. 

6.17 Post Closing Deliverables. 

Satisfy all the requirements set forth on Schedule 6.17 within the time period specified therein, or such longer time period as
acceptable to Administrative Agent.1 
 6.18 Accounts. 

(a) The Borrower shall keep accurate and complete records of its Accounts, including all payments and collections thereon, and
shall submit to the Administrative Agent all materials and notices provided to the ABL Agent pursuant to Section 6.18 of the ABL Credit Agreement. 
  

 

	1 	 NTD: Post-Closing Deliverables,
if any, TBD. 

  
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 (b) If an Account of the Borrower includes a charge for any Taxes and an
Event of Default has occurred and is continuing, the Administrative Agent is authorized, in its discretion, to pay the amount thereof to the proper taxing authority for the account of the Borrower and to charge the Borrower therefor;
provided, that neither Agent nor Lenders shall be liable for any Taxes that may be due from the Borrower or relate to any Collateral. 

(c) [Reserved]. 

(d) The Loan Parties shall at all times comply with the provisions of Section 6.18 of the ABL Credit Agreement, as in effect on the date hereof. The Borrower shall maintain Dominion
Accounts pursuant to lockbox or other arrangements acceptable to the Administrative Agent. The Borrower shall obtain an agreement (in form and substance satisfactory to the Administrative Agent) from each lockbox servicer and Dominion Account bank,
establishing the Administrative Agent’s control over and Lien in the lockbox or Dominion Account (which may be exercised by the Administrative Agent only during a Dominion Trigger Period and subject to the terms of the Intercreditor Agreement)
requiring immediate deposit of all remittances received in the lockbox to a Dominion Account, and waiving offset rights of such servicer or bank, except for customary administrative charges. During any Dominion Trigger Period, require immediate
transfer of all funds in such account to a Dominion Account maintained with Bank of America or some other bank reasonably acceptable to the Administrative
Agent. The Administrative Agent and Lenders assume no responsibility to the Borrower for any lockbox arrangement or Dominion Account, including any claim of accord and satisfaction or
release with respect to any payment items accepted by any bank. 
 (e) The Borrower shall request in writing and
otherwise take all necessary steps to ensure that all payments on Accounts or otherwise relating to Collateral are made directly to a Dominion Account (or a lockbox relating to a Dominion Account) and applied to the ABL Loans in the manner required
by the ABL Credit Agreement. If the Borrower or any other Loan Party receives cash or payment items with respect to any Collateral, it shall hold same in trust for the ABL Agent and, subject to the Intercreditor Agreement, the Administrative Agent
and promptly (not later than the next Business Day) deposit same into a Dominion Account in accordance with the provisions of the ABL Credit Agreement. 

(f)
 No later than February 1, 2022, the Loan Parties shall provide evidence to the Administrative Agent that the Loan Parties have restructured its Accounts to establish Designated Disbursement Account and have discontinued use of Dominion
Accounts as disbursement accounts. 
 6.19 Inventory. 

(a) The Borrower shall keep accurate and complete records of its Inventory, including costs and daily withdrawals and
additions, and shall submit to the Administrative Agent inventory and reconciliation reports in form satisfactory to the Administrative Agent, on such periodic basis as the Administrative Agent may reasonably request. The Borrower shall conduct a
physical inventory at least once per calendar year (and on a more 

  
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frequent basis if requested by the Administrative Agent when an Event of Default exists) and periodic cycle counts consistent with historical practices and shall provide to the Administrative
Agent a report based on each such inventory and count promptly upon completion thereof, together with such supporting information as the Administrative Agent may request. The Administrative Agent may participate in and observe each physical count.

 (b) The Borrower shall not return any Inventory to a supplier, vendor or other Person, whether for cash, credit or
otherwise, unless (a) such return is in the Ordinary Course of Business; (b) no Default or Event of Default exists or would result therefrom; (c) the Administrative Agent is promptly notified if the aggregate Value of all Inventory
returned in any month exceeds $250,000; and (d) any payment received by a Borrower for a return is promptly remitted to the Administrative Agent for application to the Obligations. 

(c) The Borrower shall not acquire or accept any Inventory on consignment or approval and shall take all steps to assure that
all Inventory is produced in accordance with applicable Law, including the FLSA. The Borrower shall not sell any Inventory on consignment or approval or any other basis under which the customer may return or require the Borrower to repurchase such
Inventory. The Borrower shall use, store and maintain all Inventory with reasonable care and caution, in accordance with applicable standards of any insurance and in conformity with all applicable law, and shall make current rent payments (within
applicable grace periods provided for in leases) at all locations where any Collateral is located. 
 6.20 Equipment. 

(a) The Borrower shall keep accurate and complete records of its Equipment, including kind, quality, quantity, cost,
acquisitions and dispositions thereof (including, without limitation, a designation as to the location of its Equipment and an indication as to whether such Equipment is included in the Term Loan Borrowing Base), and shall submit to the
Administrative Agent concurrently with each Compliance Certificate in Section 6.02(b) and at such other times as the Administrative Agent may reasonably request, a current schedule thereof, in form satisfactory to the Administrative
Agent. Promptly upon request, the Borrower shall deliver to the Administrative Agent evidence of their ownership or interests in any Equipment. 

(b) The Borrower shall not sell, lease or otherwise dispose of any Equipment, without the prior written consent of Agent, other
than (a) a Disposition permitted by Section 7.05; and (b) replacement of Equipment that is worn, damaged or obsolete with Equipment of like function and value, if the replacement Equipment is acquired substantially
contemporaneously with such disposition and is free of Liens. 
 (c) The Equipment is in good operating condition and repair,
and all necessary replacements and repairs have been made so that its value and operating efficiency are preserved at all times, reasonable wear and tear excepted. The Borrower shall ensure that the Equipment is mechanically and structurally sound,
and capable of performing the functions for which it was designed, in accordance with manufacturer specifications. The Borrower shall not permit any Equipment to become affixed to Real Property unless any landlord or mortgagee delivers a Lien
Waiver. 

  
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 6.21 Location of Collateral. 

All tangible items of Collateral, other than Inventory in transit, shall at all times be kept by the Loan Parties at the business locations set
forth in Schedule 5.21(g), except that the Loan Parties may (a) make sales or other dispositions of Collateral in accordance with Section 7.05; and (b) move Collateral to another location in the United States, upon 30
Business Days prior written notice to the Administrative Agent. Upon request, provide the Administrative Agent with copies of all existing agreements, and promptly after execution thereof provide the Administrative Agent with copies of all future
agreements, between a Loan Party and any landlord, warehouseman, processor, shipper, bailee or other Person that owns any premises at which any Collateral may be kept or that otherwise may possess or handle any Collateral. 

6.22 Insurance of Collateral; Condemnation Proceeds; Protection of Collateral. 

(a) The Loan Parties shall maintain insurance with respect to the Collateral, covering casualty, hazard, theft, malicious
mischief, flood and other risks, in amounts, with endorsements and with insurers (with a Best rating of at least A+, unless otherwise approved by Agent in its discretion) satisfactory to the Administrative Agent; provided, that if Real
Property secures any Obligations, flood hazard diligence, documentation and insurance for such Real Property shall comply with all Flood Laws or shall otherwise be satisfactory to all Lenders. In addition to the insurance required hereunder with
respect to Collateral, maintain insurance with insurers (with a Best rating of at least A+, unless otherwise approved by the Administrative Agent in its discretion) satisfactory to the Administrative Agent, (a) with respect to the Properties
and business of the Loan Parties of such type (including product liability, workers’ compensation, larceny, embezzlement, or other criminal misappropriation insurance), in such amounts, and with such coverages and deductibles as are customary
for companies similarly situated; and (b) business interruption insurance in an amount not less than $25,000,000 with deductibles and subject to an endorsement or assignment reasonably satisfactory to the Administrative Agent. All proceeds
under each policy shall, subject to the Intercreditor Agreement, be payable to the Administrative Agent and, if no Default or Event of Default exists, shall be paid by the Administrative Agent into a Dominion Account. From time to time upon request,
the Loan Parties shall deliver to the Administrative Agent the originals or certified copies of its insurance policies and updated flood plain searches. Unless the Administrative Agent shall agree otherwise, each policy shall include satisfactory
endorsements (i) showing the Administrative Agent as lender’s loss payee; (ii) requiring 30 days prior written notice to the Administrative Agent in the event of cancellation of the policy for any reason whatsoever; and
(iii) specifying that the interest of the Administrative Agent shall not be impaired or invalidated by any act or neglect of the Borrower or the owner of the Property, nor by the occupation of the premises for purposes more hazardous than are
permitted by the policy. If any Loan Party fails to provide and pay for any insurance, the Administrative Agent may, in its discretion, procure the insurance and charge the Borrower therefor. Each 

  
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Loan Party agrees to deliver to the Administrative Agent, promptly as rendered, copies of all reports made to insurance companies. While no Event of Default exists, the Loan Parties may settle,
adjust or compromise any insurance claim, as long as the proceeds are delivered to the Administrative Agent. If an Event of Default exists, only the Administrative Agent may settle, adjust and compromise such claims. 

(b) Subject to Section 6.22(a) and to the terms of the Intercreditor Agreement, any proceeds of insurance (other
than workers’ compensation) and awards from condemnation of Collateral shall be paid directly to the Administrative Agent for application to the Obligations. 

(c) If requested by the Borrower in writing within 15 days after the Administrative Agent’s receipt of any insurance
proceeds or condemnation awards relating to any loss or destruction of Equipment or Real Property (unless previously applied to the Term Loans pursuant to Section 2.05(b)), the Borrower may use such proceeds or awards to repair or replace such
Equipment or Real Property (and until so used, the proceeds shall be held by the Administrative Agent as Cash Collateral) as long as (i) no Default or Event of Default exists; (ii) such repair or replacement is promptly undertaken and
concluded, in accordance with plans reasonably satisfactory to the Administrative Agent; (iii) replacement buildings are constructed on the sites of the original casualties and are of comparable size, quality and utility to the destroyed
buildings; (iv) the repaired or replaced Property is free of Liens, other than Permitted Liens that are not Purchase Money Liens; (v) the Borrower complies with disbursement procedures for such repair or replacement as the Administrative
Agent may reasonably require; (vi) the aggregate amount of such proceeds or awards from any single casualty or condemnation does not exceed $2,000,000; (vii) the casualty, condemnation or damage has not occurred during the last year of the
term of the Term Loans; and (viii) the restoration of the Real Property is estimated to require less than one year to complete from the date of the occurrence. 

(d) All expenses of protecting, storing, warehousing, insuring, handling, maintaining and shipping any Collateral, all Taxes
payable with respect to any Collateral (including any sale thereof), and all other payments required to be made by the Administrative Agent to any Person to realize upon any Collateral, shall be borne and paid by the Borrower. The Administrative
Agent shall not be liable or responsible in any way for the safekeeping of any Collateral, for any loss or damage thereto (except for reasonable care in its custody while Collateral is in the Administrative Agent’s actual possession), for any
diminution in the value thereof, or for any act or default of any warehouseman, carrier, forwarding agency or other Person whatsoever, but the same shall be at the Borrower’s sole risk. 

6.23 Defense of Title. 
 Each Loan
Party shall defend its title to Collateral and the Administrative Agent’s Liens therein against all Persons, claims and demands, except Permitted Liens. 

  
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 6.24 Intellectual Property. 

(a) Each Loan Party will, and will cause each Subsidiary to, (i) maintain its ownership of all Intellectual Property owned by such Loan
Party and each Subsidiary, and shall not knowingly do any act, or omit to do any act, whereby any owned Intellectual Property may lapse, become abandoned or cancelled, or dedicated to the public, except in each case for immaterial Intellectual
Property which is no longer used or useful in any material respect in the Business of the Loan Parties, and (ii) take such actions as it shall deem appropriate under the circumstances in the United States Patent and Trademark Office and the
United States Copyright Office to pursue any application and maintain any registration of each trademark, patent, and copyright owned by such Loan Party or Subsidiary of such Loan Party, except in each case for immaterial Intellectual Property which
is no longer used or useful in any material respect in Business of the Loan Parties and (iii) without limiting the foregoing, register any material domain name(s) under the name of such Loan Party or Subsidiary of such Loan Party, in each of
clause (i) through (iii) except as could not reasonably be expected to have, either individually or in the aggregate, a material adverse effect on the value of the Loan Parties’ and their Subsidiaries’ Intellectual Property taken
as a whole. 
 (b) Each Loan Party shall keep each material License affecting any Collateral (including the manufacture, distribution or
disposition of Inventory) or any other material Property of the Loan Parties in full force and effect; promptly notify the Administrative Agent of any proposed modification to any such License, or entry into any new License, in each case at least 30
days prior to its effective date; pay all royalties and other amounts when due under any License; and notify the Administrative Agent of any default or breach asserted by any Person to have occurred under any License. 

 

	6.25	 Engagement and Retention of
Consultant and Investment Bank. 

At all times
after the Second Amendment Effective Date, the Loan Parties shall continue to retain Riveron RTS, LLC (the “Consultant”), or any replacement thereof from time to time that is satisfactory to the Administrative Agent and engaged promptly
after the resignation or dismissal of the Consultant, as a consultant pursuant to the scope of engagement previously entered into as of October 1, 2021, between the Consultant and the Company, as amended by that certain Amendment to Engagement
Letter, dated November 1, 2021 (the “Consultant Amendment to Engagement Letter” and such engagement letter, as so amended and as it may be amended, restated, supplemented or otherwise modified from time to time after the Fourth
Amendment Effective Date in accordance with this terms and with the prior written consent of the Administrative Agent, not to be unreasonably withheld, the “Consultant Engagement Letter”), or a replacement scope of engagement upon
substantially similar terms as the Consultant Engagement Letter or otherwise acceptable to the Administrative Agent; provided, that on and after the Second Amendment Effective Date, such scope of engagement shall include delivery to the
Administrative Agent by the Consultant of 13-week cash flow reporting with variance analysis and conference calls with the Administrative Agent and Lenders at least once per calendar week. At all times after the Second Amendment Effective Date, the
Loan Parties shall continue to retain the Investment Bank, or any replacement thereof from time to time that is satisfactory to the Required Lenders and engaged promptly after the resignation or dismissal of the existing Investment Bank, as their
investment banker pursuant to the scope of the engagement previously entered into on or before the Second
Amendment Effective Date (the “Investment Bank Engagement Letter”), or a replacement in scope of engagement upon substantially similar terms as the Investment Bank Engagement Letter or otherwise acceptable to the Administrative
Agent. 
  

  
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6.26 Sale Process. 

(a)
 No later than January 14, 2022, the Loan Parties shall cause the
Investment Bank to distribute to potential buyers, investors and refinancing sources a confidential information memorandum (the “CIM”) that describes the Loan Parties’ business and assets, and deliver a copy thereof to the
Administrative Agent and Lenders. 
 (b) No later than February 18, 2022, the Loan Parties shall cause Investment Bank to deliver to the Administrative Agent
copies of all written indications of interest received by the Investment Bank with respect to the acquisition of all or substantially all of the Loan Parties’ assets or an alternative transaction, which may be redacted to the extent reasonably
necessary to protect the identity of the potential buyer or investors providing such written indications of interest. 

(c)
 (i) On February 28, 2022, the Loan Parties shall notify the
Administrative Agent whether or not the Borrower or other Loan Parties have entered into a customary letter of intent with a potential buyer, investor or refinancing source, including an exclusivity period and agreements to cooperate in a due
diligence review of the Loan Parties and their assets and liabilities (an “LOI”) and (ii) on February 28, 2022, or no later than five (5) Business Days after any such LOI has been received by the Investment Bank or any of
the Loan Parties if such an LOI has not been received by February 28, 2022, the Loan Parties shall deliver a fully executed copy thereof to the Administrative Agent, subject to redaction of the names and identifying information of such
potential buyer, investor or refinancing party to the extent required by the terms of the LOI or any applicable confidentiality agreement; provided that, for the avoidance of doubt, this Section 6.26(c) shall not require the Borrower or any
Loan Party to enter into an LOI. 
 (d) No later than March 31, 2022, the Loan Parties shall cause Investment Bank to deliver to the Administrative Agent a
fully-executed, binding purchase agreement, merger agreement or other similar agreement with a buyer or investor (the “PSA”), which fully-executed PSA shall (i) provide for a purchase price sufficient in amount sufficient to cause the
occurrence of the Facility Termination Date and payment in full of all obligations under the ABL Credit Agreement in accordance therewith (in each case, other than contingent obligations for which no claim has been asserted) and otherwise be in form
and substance reasonably satisfactory to Administrative Agent, (ii) be subject to limited conditionality relative to the obligations of the purchaser customary for public company transactions, limited to the following (and in no event to
include any financing contingency) (A) receipt by the parties of necessary regulatory approvals, (B) truth and accuracy of representations and warranties as of the date of closing such transaction within a customary “material adverse
effect” standard, (C) the applicable Loan Parties’ compliance in all material respects of their covenants and agreements under the applicable purchase agreement through the date of closing, (D) the absence of any applicable law
or order of any Governmental Authority prohibiting or limiting the transaction and (E) requisite Company shareholder approval, and (iii) otherwise in form and substance reasonably satisfactory to Administrative Agent. 

  
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(e)
 No later than the Sale Deadline, the Loan Parties shall have
(i) closed and consummated the applicable transaction under the PSA, and (ii) caused the Facility Termination Date to occur. 

(f)
 At least once every two calendar weeks, or more frequently as
requested by the Administrative Agent, the Borrower shall conduct or cause to be conducted update conference calls with the Investment Bank, the Administrative Agent and the Lenders regarding the Sale Process.  

(g)
 As soon as practicable after finalizing, distributing or receiving
any agreements, copies of notices, side letters, information memoranda or other documentation of any kind or nature in each case that amend, waive, modify or supplement (or purport to do so) any material term of the CIM, any LOI, the PSA or any term
or condition of the Sales Process that was previously described to the Administrative Agent and/or Lenders in writing or during any conference call described in clause (f) by the Investment Bank or any Loan Party. 
 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 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, and whether real property or personal property, 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 the property covered thereby is not increased and any renewal or extension of the obligations secured or benefited thereby is permitted by Section 7.03(b); 

(c) (i) Liens for Taxes that are not yet due for a period of more than thirty (30) days and that are being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves with
respect thereto are maintained on the books of the applicable Person in accordance with GAAP and (ii) Liens for Taxes owing with respect to the South
Gate Property as of the Closing Date, solely to the extent Borrower does not reasonably anticipate such Taxes to be collectible or such Lien to be enforceable; 

  
 112 

 (d) statutory Liens of landlords and Liens of carriers, warehousemen,
mechanics, materialmen, repairmen, construction contractors and suppliers and other Liens imposed by law or pursuant to customary reservations or retentions of title arising in the Ordinary Course of Business; 

(e) (i) 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 (ii) pledges and deposits of cash in the Ordinary Course of Business securing liability for reimbursement or indemnification obligations of (including
obligations in respect of letters of credit or bank guarantees for the benefit of) insurance carriers providing property, casualty or liability insurance to the Borrower or any Subsidiary; 

(f) deposits to secure the performance of bids, trade contracts, governmental contracts and leases (other than Indebtedness for
borrowed money), statutory obligations, surety, stay, customs and appeal bonds, performance bonds and other obligations of a like nature (including those to secure health, safety and environmental obligations) incurred in the Ordinary Course of
Business; 
 (g) easements, rights-of-way, restrictions, encroachments, protrusions and other similar encumbrances and minor
title defects affecting real property that, in the aggregate, 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) that do not
result in an Event of Default under Section 8.01(h); 
 (i) Liens (other than Liens on Accounts and Inventory)
securing Indebtedness permitted under Section 7.03(e); provided, that (i) such Liens do not at any time encumber any Property other than the Property financed by such Indebtedness, (ii) the Indebtedness secured thereby
does not exceed the cost or fair market value, whichever is lower, of the Property subject to such Lien and (iii) such Liens attach to such Property concurrently with or within two hundred seventy (270) days after the acquisition,
construction, replacement, repair or improvement thereof (“Purchase Money Liens”); 
 (j) leases, licenses,
subleases or sublicenses granted to others that constitute Permitted Transfers; 
 (k) any interest or title of a lessor,
sublessor, licensor or sublicensor or secured by a lessor’s, sublessor’s, licensor’s or sublicensor’s interest under leases or licenses entered into by the Borrower or any Subsidiary in the Ordinary Course of Business and
covering only the assets so leased, subleased, licensed or sublicensed and Liens arising from precautionary Uniform Commercial Code financing statements or similar filings (or equivalent filings, registrations or agreements in foreign jurisdictions)
in connection with any such applicable leases or subleases; 

  
 113 

 (l) Liens in favor of the ABL Agent securing Indebtedness permitted by
Section 7.03(h), subject at all times to the terms of the Intercreditor Agreement; 
 (m) normal and customary
rights of setoff upon deposits of cash in favor of banks or other depository institutions not arising in connection with the issuance or repayment of Indebtedness; 

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

(o) [reserved]; 

(p) 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 in the ordinary course of business; 
 (q) Liens on property or assets acquired in
connection with a Permitted Acquisition, provided, that (i) the indebtedness secured by such Liens is permitted under Section 7.03(i), and (ii) the Liens are not incurred in connection with, or in contemplation or
anticipation of, the acquisition and do not attach or extend to any other property or assets; 
 (r) [reserved]; 

(s) [reserved]; 

(t) [reserved]; 

(u) [reserved]; 

(v) Liens that are contractual rights of setoff (i) relating to pooled deposit or sweep accounts of the Borrower or its
Subsidiaries to permit satisfaction of overdraft or similar obligations incurred in the Ordinary Course of Business of the Borrower and the Subsidiaries or (ii) relating to purchase orders and other agreements entered into with customers of the
Borrower or any of the Subsidiaries in the Ordinary Course of Business; 
 (w) Liens solely on any cash earnest money
deposits made by the Borrower or any of the Subsidiaries in connection with any letter of intent or purchase agreement permitted hereunder in an aggregate amount outstanding at any time of no more than $250,000; 

(x) [reserved]; 

(y) [reserved]; 

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

  
 114 

 (aa) any zoning or similar law or right reserved to or vested in any
Governmental Authority to control or regulate the use of any real property that does not materially interfere with the ordinary conduct of the business of (i) the Borrower, individually, or (ii) the Borrower and its Subsidiaries, taken as
a whole; 
 (bb) [reserved]; 

(cc) Liens consisting of an agreement to Dispose of any property in a Disposition permitted under Section 7.05, in
each case, solely to the extent such Investment or Disposition, as the case may be, would have been permitted on the date of the creation of such Lien; 

(dd) [reserved]; 

(ee) [reserved]; 

(ff) the modification, replacement, renewal or extension of any Lien permitted of this Section 7.01;
provided that (i) the Lien does not extend to any additional property other than (A) after-acquired property that is affixed or incorporated into the property covered by such Lien or financed by Indebtedness permitted under
Section 7.03(e), and (B) proceeds and products thereof, and (ii) the renewal, extension or refinancing of the obligations secured or benefited by such Liens is permitted by Section 7.03; 

(gg) Liens on property of Foreign Subsidiaries of the Borrower (excluding Liens on the Australian Real Property) securing no more than
$15,000,000 in aggregate principal amount at any time outstanding of Indebtedness of Foreign Subsidiaries permitted under Section 7.03(u); and 

(hh) other Liens not securing Indebtedness outstanding and attaching to property with an aggregate fair market value not to exceed $1,000,000. 

Notwithstanding anything in this Section 7.01 to the contrary, in no event shall Accounts or Inventory be pledged as collateral to secure any
Indebtedness other than the Obligations hereunder or, subject to the Intercreditor Agreement, the ABL Debt. 
 7.02 Investments. 

Make or hold any Investments, except: 

(a) Investments held by the Borrower and its Subsidiaries in the form of cash or Cash Equivalents; 

(b) Investments existing as of the Closing Date (other than those referred to in Section 7.02(c)(i) and
(ii)) and set forth in Schedule 7.02; 

  
 115 

 (c) Investments (i) in any Person that is a Loan Party, (ii) by
the Borrower and other Loan Parties in and to Borrower and the other Loan Parties, (iii) by any Subsidiary that is not a Loan Party in Borrower or in any Subsidiary, foreign or domestic, and (iv) by any Loan Party in and to any Domestic
Subsidiary that is not a Loan Party in an amount not exceeding $1,000,000 in the aggregate; 
 (d) Investments consisting of
extensions of credit in the nature of accounts receivable or notes receivable arising from the grant of trade credit 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 7.03; 
 (f) Permitted Acquisitions; provided that, in no event shall any Permitted Acquisition
occur until the Consolidated Fixed Charge Coverage Ratio
Stabilizationafter the Second Amendment
Effective Date; 
 (g) subject to compliance with the Payment Conditions, Investments by any Loan Party in any Foreign Subsidiary that occurred prior to the Second Amendment Effective Date and are listed on Schedule 7.02(g) (excluding any Investments existing prior to the Closing Date) not exceeding $5,000,000 in the aggregate (which amount,
to the extent consisting of intercompany Indebtedness owing by any such Foreign Subsidiary to Borrower or any other Loan Party or equity contributions made by Borrower to such Foreign
Subsidiary, shall be determined net of (i) the aggregate principal amount of such intercompany Indebtedness that is repaid to a Loan Party or (ii) the amount of such equity contribution that is repaid to a Loan Party, as applicable);
provided that the amount of foregoing together with any Investments pursuant to Sections 7.02(i) and 7.02(j) shall not exceed $7,500,000 in the aggregate at any time; 

(h) to the extent not prohibited by applicable Law, loans or advances to officers, directors and employees of Borrower and its
Subsidiaries made in the Ordinary Course of Business, (i) for travel, entertainment, relocation and other ordinary business purposes, (ii) so long as no Default or Event
of Default has occurred and is continuing, in connection with such Person’s purchase of Capital Stock and Capital Stock Equivalents of Borrower and (iii) for purposes not described in the foregoing clauses (i) and
(ii prior to the Second Amendment Effective Date and described on Schedule 7.02(h); provided,
that, the aggregate principal amount of such loans or
advances outstanding under clauses (i), (ii) and (iii) at any time shall not exceed $1,000,000; 
 (i) subject to compliance with
the Payment Conditions, Investments made prior to the Second Amendment Effective Date in joint ventures described on Schedule 7.02(i) and not exceeding $5,000,000 in the aggregate; provided that the amount of foregoing together with any Investments pursuant to Sections 7.02(g) and 7.02(j) shall not exceed $7,500,000 in the
aggregate at any time; 

  
 116 

 (j) other Investments not contemplated by the other provisions of this
Section 7.02 made prior to the Second Amendment Effective Date and described on Schedule 7.02(j), not exceeding $1,000,000 in the aggregate in any fiscal year of
the Borrower; provided that the amount of foregoing together with any Investments pursuant to Section 7.02(g) and 7.02(i) shall not exceed $7,500,000 in the aggregate at any time; 

(k) Investments representing non-cash consideration received in connection with any Disposition permitted hereunder; 

(l) Investments by any Foreign Subsidiaries
in another Foreign Subsidiary; 
 (l) (m) [reserved]; 

(m)
 [reserved]; 
 (n) Investments (including debt obligations, Capital Stock and Capital Stock
Equivalents) received in connection with the bankruptcy or reorganization of suppliers and customers or in settlement of delinquent obligations of, or other disputes with, customers and suppliers arising in the Ordinary Course of Business or upon
the foreclosure with respect to any secured Investment or other transfer of title with respect to any secured Investment; 

(o) advances of payroll payments to employees in the Ordinary Course of Business; and 

(p) [reserved]; 

(q) [reserved]; 

(r) [reserved]; 

(s) Investments consisting of Liens, Indebtedness, fundamental changes, Dispositions and Restricted Payments permitted under
Sections 7.01, 7.03, 7.04, 7.05 and 7.06, respectively. 
 7.03 Indebtedness. 

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

(a) Indebtedness under the Loan Documents; 

(b) Indebtedness of the Borrower and its Subsidiaries existing on the date hereofClosing
Date and listed on Schedule 7.03 (and renewals, refinancings and extensions thereof on terms and conditions (i) not materially less favorable to the applicable debtor(s), (ii) the
then outstanding principal amount such Indebtedness is not increased at the time thereof except by an amount equal to a reasonable amount paid, and fees and expenses reasonably incurred in connection therewith and by an amount of any commitments
unutilized thereunder and (iii) otherwise at then prevailing market terms); 

  
 117 

 (c)
The AUS Intercompany Indebtedness and other intercompany
Indebtedness owing from a Subsidiary to Borrower or to any other Subsidiary of Borrower to the extent permitted under Section 7.02; provided that,
if
secured,the AUS Intercompany Indebtedness and
any such
Indebtednessother
 Indebtedness which is secured shall be expressly subordinated in right of payment to the Obligations, and if evidenced by an intercompany note, such note shall be pledged to the Collateral Agent
to secure the Obligations (and, in the case of the AUS Intercompany Indebtedness, such Indebtedness shall
constitute Term Loan Priority Collateral); 
 (d) obligations
(contingent or otherwise) of Borrower or any Subsidiary 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 liabilities, commitments, investments, assets, or property held or reasonably anticipated by such Person, or changes in the value of securities issued by such Person, and not for purposes of speculation or
taking a “market view”, and (ii) such Swap Contract is not for speculative purposes. 
 (e) purchase money
Indebtedness (including obligations in respect of Capital Leases or Synthetic Leases, but excluding Indebtedness, if any, with respect to Inventory) hereafter incurred by Borrower or any of its Subsidiaries to finance the purchase, acquisition,
construction, repair, replacement or improvement of fixed or capital assets, and renewals, refinancings and extensions thereof, provided, that the aggregate amount of all such Indebtedness at any one time outstanding shall not exceed
$15,000,000; 
 (f) [reserved]; 

(g) so long as no Event of Default has occurred and is continuing and the Loan Parties are in compliance with
Section 7.11 on a Pro Forma Basis, other unsecured Indebtedness of the Borrower in an aggregate principal amount outstanding at any time not to exceed $10,000,000; 

(h) subject to the terms of the Intercreditor Agreement, ABL Debt; 

(i) Indebtedness acquired or assumed pursuant to a Permitted Acquisition, (excluding any Indebtedness that was incurred in connection with, or in
anticipation or contemplation of, such Permitted Acquisition) and incurred prior to the Second Amendment
Effective Date, and, in each case, renewals, refinancings and extensions thereof (x) not materially less favorable to the applicable debtor(s) and (y) otherwise at then prevailing market
terms, provided that, in the case of any acquisition, assumption renewal, refinancing or extension of any Indebtedness permitted under this Section 7.03(i), (i) no Default or Event of Default shall exist immediately before or
immediately after giving effect thereto, (ii) the Borrower will be in compliance with the financial covenants under Section 7.11 after giving effect thereto on Pro Forma Basis, and (iii) the Borrower shall deliver to the
Administrative Agent a Compliance Certificate confirming the foregoing, in form and detail reasonably satisfactory to the Administrative Agent; 

  
 118 

 (j) Indebtedness arising under any performance, bid, appeal or surety bond
or under any performance or completion guarantee or similar obligations entered into in the Ordinary Course of Business in an aggregate principal amount outstanding at any time not to exceed $5,000,000; 

(k) [reserved]; 

(l) Indebtedness to current or former officers, directors, managers, consultants and employees (or their respective spouses,
former spouses, successors, executors, administrators, heirs, legatees or distributees) to finance the purchase or redemption of Capital Stock and Capital Stock Equivalents of the Borrower or its Subsidiaries to the extent permitted by
Section 7.02(h); 
 (m) Indebtedness incurred by Borrower or any of its Subsidiaries in a Permitted Acquisition
or any other Investment expressly permitted hereunder or any Disposition, in each case to the extent constituting (i) ordinary course indemnification obligations, (ii) obligations in respect of purchase price (including earn-outs) or other
similar adjustments with respect to a Permitted Acquisition so long as such purchase price adjustments, earn-outs or similar adjustments were included in the aggregate purchase price used in determining whether such acquisition constituted a
Permitted Acquisition or (iii) obligations in respect of purchase price (including earn-outs) or other similar adjustments with respect to any Permitted Investment other than a Permitted Acquisition so long as such purchase price adjustments,
earn-outs or similar adjustments were included in the determination of the aggregate purchase price used in determining whether such Investments were permitted under Section 7.02, if applicable; 

(n) obligations under any Cash Management Agreement (as defined in the ABL Loan Agreement) and other Indebtedness in respect of
netting services, automatic clearinghouse arrangements, overdraft protections, employee credit card programs and other cash management and similar arrangements in the Ordinary Course of Business; 

(o) Indebtedness consisting of (i) the financing of insurance premiums or (ii) take-or-pay obligations contained in
supply arrangements, in each case, in the Ordinary Course of Business; 
 (p) Indebtedness incurred by Borrower or any
Subsidiary in respect of letters of credit, bank guarantees, bankers’ acceptances, warehouse receipts or similar instruments issued or created in the Ordinary Course of Business, including in respect of workers compensation claims, health,
disability or other employee benefits or property, casualty or liability insurance or self-insurance or other Indebtedness with respect to reimbursement-type obligations regarding workers compensation claims, provided that upon the drawing of such
letter of credit, the reimbursement of obligations in respect of bankers’ acceptances and the incurrence of such Indebtedness, such obligations are reimbursed within thirty (30) days following such drawing, reimbursement obligation or
incurrence; 

  
 119 

 (q) all premiums (if any), interest (including post-petition interest),
fees, expenses, charges and additional or contingent interest on obligations described in clauses (a) through (o) above and clause (u) below; 

(r) [reserved]; 

(s)
 so long as the AUS Subordination Agreement remains in full force and effect, Indebtedness of the U.S. Borrower to the Australian Borrower under and in accordance with the AUS Intercompany Note in an aggregate principal amount not in excess of
$25,000,000 plus the closing fee referenced therein and interest that is capitalized or paid in kind under and in accordance with the AUS Intercompany Note at any time outstanding; of  

(t)
 (s) [reserved]; 

(t)
[reserved]; 
 (u) Indebtedness of Foreign
Subsidiaries of Borrower in an aggregate principal amount not in excess of $15,000,000 at any time outstanding (including, without limitation, the China Facility); and 

(v) Guarantees with respect to Indebtedness permitted under this Section 7.03. 

7.04 Fundamental Changes. 
 Merge,
dissolve, liquidate, 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
(including, in each case, pursuant to a Delaware LLC Division); provided that, notwithstanding the foregoing provisions of this Section 7.04 but subject to the terms of Sections 6.13 and 6.14, and so long as no
Default exists or would result therefrom, (a) the Borrower may merge or consolidate with any of its Subsidiaries provided that, the Borrower shall be the continuing or surviving corporationPerson
, (b) subject to the proviso in clause (a) with
respect to any such transaction involving the Borrower, any Loan Party may merge or consolidate with any other Loan Party, (c) any Foreign Subsidiary (other than the Australian Borrower) may be merged or consolidated with
or into any Loan Party provided that such Loan Party shall be the continuing or surviving corporation, (d) any Foreign
Subsidiary (other than the Australian Borrower) may be
merged or consolidated with or into any other Foreign Subsidiary, (e) the Borrower or any Subsidiary may merge with any Person that is not a Loan Party in connection with a Permitted Acquisition provided that, if such Permitted
Acquisition involves the Borrower, the Borrower shall be the continuing or surviving corporation and if such Permitted Acquisition involves any other Loan Party, such Loan Party shall be the continuing or surviving corporation, (f) any
Subsidiary may dissolve, liquidate or wind up its affairs at any time if such Subsidiary is inactive or holds assets of a de minimis value, (g) any Loan Party and any Subsidiary may make any Permitted Investments and (h) any Loan Party and
any Subsidiary may make any Disposition permitted under Section 7.05. 

  
 120 

 7.05 Dispositions. 

Make any Disposition or enter into any agreement to make any Disposition (other than, to the extent notice has been provided pursuant to
Section 6.03(e), any agreement to consummate a Disposition that, upon consummation, would result in a Change of Control), except: 

(a) any Disposition of Property not constituting Term Loan Priority Collateral (i) for which the total consideration shall
be in an amount not less than the fair market value of the Property disposed of, (ii) that does not involve a sale or other disposition of receivables, and (iii) for which the aggregate net book value of all of the assets sold or otherwise
disposed of by the Borrower and its Subsidiaries in all such transactions occurring after the Closing Date shall not exceed $4,000,000 in the aggregate; 

(b) Dispositions permitted by Sections 7.02, 7.04, 7.06 and Liens permitted by Section 7.01;

 (c) Dispositions in the Ordinary Course of Business of (i) Equipment that is no longer used or useful in the conduct
of business which is not included in the Term Loan Borrowing Base and (ii) so long as no Default or Event of Default then exists or would arise therefrom, other Equipment consisting of Eligible Machinery and Equipment which is included in the
Term Loan Borrowing Base prior to such Disposition or Involuntary Disposition, in the Ordinary Course of Business and subject to Section 2.05(b), to the extent that (A) such Disposition is made for fair market value, (B) the
Net Cash Proceeds paid in cash for any such Disposition is not less than the Appraised Value as reflected in the most recent appraisal of such Equipment (or, if the Appraised Value is not detailed for such particular piece of Equipment, not less
than the greater of (x) the then fair market value thereof and (y) book value), and (C) the aggregate amount of all such Dispositions shall not exceed $1,000,000 during any period of twelve consecutive months; 

(d) as long as no Default or Event of Default then exists or would arise therefrom, sales of Real Property, to the extent that,
(i) the Net Cash Proceeds paid in cash for any such sale is not less than, with respect to any Real Property Collateral, 90% of the Appraised Value of such Real Property Collateral as reflected in the most recent Real Property Appraisal (or,
with respect to other Real Property Collateral for which there is no Real Property Appraisal, for not less than the greater of 90% of (x) the then fair market value thereof and (y) book value), (ii) the Net Cash Proceeds of such sale
are utilized to repay the Obligations pursuant to Section 2.05(b); provided, the foregoing shall not apply to the South Gate
Disposition;  
 (e) the lapse, abandonment or
cancellation of immaterial Intellectual Property which is no longer used or useful in any material respect in the Business of the Loan Parties; and 

(f) Involuntary Dispositions; 

  
 121 

 (g) the Disposition of Equipment which is not included in the Term Loan
Borrowing Base, to the extent that each such Disposition is made for fair market value; 
 (h) the South Gate Disposition and/or, subject to Section 7.13, any Sale Leaseback Transaction entered into in connection therewith; and[reserved]; and 

(i) the Disposition of the Vicksburg
Property.[reserved]. 

7.06 Restricted Payments. 
 Declare
or make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so (other than, to the extent notice has been provided pursuant to Section 6.03(e), any obligation to consummate a
Restricted Payment that, upon consummation, would result in a Change of Control), or accept any capital contributions, except that, so long as no Default shall have occurred and be continuing at the time of any action described below or would result
therefrom: 
 (a) [reserved]; 

(b) each Subsidiary may make Restricted Payments (directly or indirectly) to its parent or to any Loan Party (and, in the case
of a Restricted Payment by a non-wholly-owned Subsidiary, to each owner of Capital Stock in such Subsidiary on a pro rata basis based on such owner’s respective ownership interests); 

(c) the Borrower and each Subsidiary may (i) declare and make dividend payments or other distributions payable solely in
common Capital Stock of such Person or (ii) redeem in whole or in part any of its Capital Stock for another class of Capital Stock or rights to acquire its Capital Stock or with proceeds from substantially concurrent equity contributions or
issuances of new Capital Stock; 
 (d) to the extent constituting Restricted Payments, the Borrower and the Subsidiaries may
enter into and consummate transactions expressly permitted by any provision of Sections 7.02, 7.03, 7.04, 7.05, or 7.08; 

(e) repurchases of Capital Stock in the Borrower deemed to occur upon exercise of stock options or warrants if such Capital
Stock represent a portion of the exercise price of such options or warrants; 
 (f) to the extent not prohibited by the Loan
Documents, the Borrower may pay for the repurchase, retirement or other acquisition or retirement for value of Capital Stock of the Borrower by any future, present or former employee, director or consultant (or any spouses, former spouses,
successors, executors, administrators, heirs, legatees or distributees of any of the foregoing) of the Borrower or any Subsidiary so long as such purchase is pursuant to and in accordance with the terms of any employee or director equity plan,
employee or director stock option plan or any other employee or director benefit plan or any agreement (including any stock subscription or shareholder agreement) with any employee, director or consultant of the Borrower or any Subsidiary; 

  
 122 

 (g) the Borrower or any of its Subsidiaries may pay cash in lieu of
fractional Equity Interests in connection with any dividend, split or combination thereof or any Permitted Acquisition;
and 

(h) provided the outstanding
principal balance of the Term Loans is less than $25,000,000, the Borrower may make Restricted Payments not otherwise permitted pursuant to this Section 7.06 so long as (i) no Default or Event of Default has
occurred and is continuing or would result therefrom, (ii) the Borrower and its Subsidiaries are in Pro Forma Compliance with the Consolidated Fixed Charge Coverage Ratio set forth in Section 7.11(b) after giving
effect to such Restricted Payment, and (iii) the Borrower shall deliver to the Administrative Agent a Compliance Certificate confirming the foregoing, in form and detail reasonably satisfactory to the Administrative Agent;
provided that, in no event shall any Restricted Payments under this Section 7.06(h) occur until the Consolidated Fixed Charge Coverage Ratio Stabilization Date;
and[reserved];
  
 provided, that in each subsection
(a) through (h) above, payment of any dividend or distribution pursuant to this Section 7.06 may be made within sixty (60) days after the date of declaration thereof, if (x) at the date of declaration (i) such
payment would have complied with the provisions of this Agreement and (ii) no Event of Default occurred and was continuing and (y) at the date of such payment of such dividend or distribution, no Event of Default shall have occurred and be
continuing. 
 7.07 Change in Nature of Business. 

Engage in any material line of business substantially different from those lines of business conducted by Borrower and its Subsidiaries on the
Closing Date or any business related, incidental, complementary or ancillary thereto or reasonable developments or extensions thereof. 
 7.08
Transactions with Affiliates. 
 Enter into or permit to exist any transaction or series of transactions with any Affiliate of
such Person, other than (a) advances of working capital to any Loan Party, (b) transactions among Loan Parties, (c) intercompany transactions expressly permitted by Section 7.02, Section 7.03,
Section 7.04, Section 7.05 or Section 7.06, (d) transactions among Borrower and its wholly-owned domestic Subsidiaries that are Loan Parties, and (e) except as otherwise specifically limited in this
Agreement, other transactions, in each case, which are entered into in the ordinary course of such Person’s business on terms and conditions substantially as favorable to such Person as would be obtainable by it in a comparable arms-length
transaction with a Person other than an officer, director or Affiliate. 

  
 123 

 7.09 Burdensome Agreements. 

Enter into, or permit to exist, any Contractual Obligation that (i) encumbers or restricts the ability of any such Person to (A) pay
dividends or make any other distributions to any Loan Party on its Capital Stock or with respect to any other interest or participation in, or measured by, its profits, (B) pay any Indebtedness or other obligation owed to any Loan Party,
(C) make loans or advances to any Loan Party or (ii) prohibits or otherwise restricts the existence of any Lien upon the Property, whether now owned or hereafter acquired, of any Loan Party in favor of the Administrative Agent (for the
benefit of the Lenders) for the purpose of securing the Obligations or (D) grants a Lien on any real property or real property interest owned or leased by any Loan Party; provided, that the foregoing clauses (i) and (ii) shall
not apply to Contractual Obligations which: 
 (a) arise in connection with this Agreement and the other Loan Documents; 

(b) arise pursuant to customary restrictions and conditions contained in any agreement relating to the sale of any Property
permitted under Section 7.05 pending the consummation of such sale; 
 (c) are customary restrictions on leases,
subleases, licenses or sublicenses or sales otherwise permitted hereby so long as such restrictions relate to the assets subject thereto; 

(d) are customary provisions in joint venture agreements and other similar agreements applicable to joint ventures permitted
under this Agreement; 
 (e) are customary provisions restricting assignment of any agreement entered into in the Ordinary
Course of Business; 
 (f) are restrictions on cash or other deposits imposed by customers under contracts entered into in
the Ordinary Course of Business; 
 (g) relate to cash or other deposits permitted under this Agreement; 

(h) (i) exist on the date hereof and (to the extent not otherwise permitted by this Section 7.09) are listed on
Schedule 7.09 hereto and (ii) to the extent Contractual Obligations permitted by clause (i) are set forth in an agreement evidencing Indebtedness, are set forth in any agreement evidencing any permitted modification, replacement,
renewal, extension or refinancing of such Indebtedness so long as such modification, replacement, renewal, extension or refinancing does not expand the scope of such Contractual Obligation; 

(i) arise in connection with an ABL
Document or the AUS Subordination Agreement; 

  
 124 

 (j) arise in connection with restrictions and conditions on any Foreign
Subsidiary organized under the laws of the People’s Republic of China or any state or other political subdivision thereof; 

(k) arise in connection with any document or instrument governing Indebtedness incurred pursuant to clauses (b), (d), (e), (g),
(j), (m) or (q) of Section 7.03, provided that any such restriction contained therein relates only to the asset to which such Indebtedness is related; and 

(l) arise in connection with any Indebtedness of a Subsidiary which is not a Loan Party which is permitted by
Section 7.03. 
 7.10 Use of Proceeds. 

Use the proceeds of any Term Loan, 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. 

7.11 Financial Covenants. 
 (a) Fail to comply with the requirements set forth onin Part I
of Schedule 7.11. 
 (b) Minimum Consolidated Fixed Charge Coverage Ratio. Permit the Consolidated Fixed Charge Coverage Ratio for any Measurement Period
during a Financial Covenant Trigger Period to be less than 1.00 to 1.00.  
  

	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 a manner materially adverse
to the Lenders; 
 (b) change its fiscal year; 

(c) without providing ten (10) days prior written notice to the Administrative Agent (or such extended period of time as
agreed to by the Administrative Agent), change its name, state of formation, form of organization or principal place of business; or 

(d) make any change in accounting policies or reporting practices, except as required by GAAP and in accordance with
Section 1.03. 
 7.13 Sale and Leaseback Transactions. 

Enter into any Sale and Leaseback Transaction, other than in
connection with the South Gate Disposition; provided that the maximum term (including all extensions) of any lease entered into in connection therewith does not exceed nine (9) months from the date any such
Sale Leaseback Transaction is consummated and aggregate amount of rent paid in connection therewith does not exceed $3,500,000.. 

  
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 7.14 Sanctions. 

Directly or indirectly, use any proceeds of a Term Loan, or lend, contribute or otherwise make available such Term Loan proceeds to any Person,
to fund, facilitate or finance any activities of or business or transaction with any Person, or in any Designated Jurisdiction, that, at the time of such funding, facilitation or financing 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, the Administrative Agent, any other Agent, or otherwise) of Sanctions. 

7.15 Anti-Corruption Laws. 

Directly or indirectly, use any Term Loan proceeds for any purpose which would breach the United States Foreign Corrupt Practices Act of 1977,
the UK Bribery Act 2010 and other similar anti-corruption legislation in other jurisdictions. 
 7.16 Amendments to ABL Debt.or AUS Intercompany Note. 

Amend, modify, change, waive, or obtain any consent, waiver or forbearance with respect to, any of the terms or provisions of any agreement,
instrument, document, indenture, or other writing evidencing (a) the ABL Debt (including, without limitation, the ABL Documents) except to the extent permitted by the Intercreditor
Agreement, or (b) the AUS Intercompany Note, except to the extent permitted by the AUS Subordination
Agreement. 
 7.17 Prepayments, Etc. of Indebtedness. 

Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner, or make any payment in violation
of any subordination terms of, any Indebtedness, except (a) the prepayment of the Term Loans in accordance with the terms of this Agreement (b) payments and prepayments of the ABL Loans, and (c) regularly scheduled or required
repayments or redemptions of Indebtedness set forth in Schedule 7.03 and refinancings and refundings of such Indebtedness in compliance with Section 7.03(b). 

7.18 Subsidiaries. 
 Form or
acquire any Subsidiary after the Closing Date, except in accordance with Sections 6.13, 7.02 and 7.04; or permit any existing Subsidiary to issue any additional Equity Interests except directors’ qualifying shares; or
permit any Subsidiary to issue any Equity Interests that would result in such Subsidiary ceasing to be a wholly owned Subsidiary of the Borrower. 
 7.19
Tax Consolidation. 
 File or consent to the filing of any consolidated income tax return with any Person other than the Borrower
and Subsidiaries. In relation to the Australian Borrower, become a member of an Australian Tax Consolidated Group.
 

  
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 7.20 Swaps. 

Enter into any Swap Contract, except to hedge risks arising in the Ordinary Course of Business and not for speculative purposes. 

7.21 Plans. 
 Become party to any
Multiemployer Plan or Foreign Plan, other than any in existence on the Closing Date. 
 ARTICLE VIII 

EVENTS OF DEFAULT AND REMEDIES 
 8.01
Events of Default. 
 Any of the following shall constitute an Event of Default: 

(a) Non-Payment. The Borrower or any other Loan Party fails to pay its Obligations when due (whether at stated maturity,
on demand, upon acceleration or otherwise); or 
 (b) Specific Covenants. Any Loan Party fails to perform or observe
any term, covenant or agreement contained in any of Sections 6.01, 6.02, 6.03, 6.05, 6.07, 6.08, 6.10, 6.11, 6.13, 6.14, 6.16, 6.17, 6.18, 6.19,
6.20, 6.21, 6.22, 6.23, 6.24, 6.25, 6.26, Article VII or Article X; 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; 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 (or in any
respect in the case of any representation or warranty modified by a materiality or Material Adverse Effect qualifier) when made or deemed made; or 

(e) Cross-Default. (i) Any Loan Party or any Subsidiary thereof (A) fails to make any payment when due
(whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of ABL Debt or any other Indebtedness or Guarantee (other than Indebtedness hereunder and Indebtedness under Swap Contracts) having an aggregate
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 or contained 

  
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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 (other than an event which permits the Term Loans hereunder to be prepaid prior to or as an alternative to the purchase, payment, defeasance or redemption of such Indebtedness and, in any such case,
the Term Loans hereunder are prepaid prior thereto); 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 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 Subsidiary thereof is an Affected Party (as so
defined) and, in either event, the Swap Termination Value owed by such Loan Party or such Subsidiary as a result thereof is greater than the Threshold Amount; or (iii) there occurs any “Default” or “Event of Default” under
and as defined in any ABL Loan Documents; or 
 (f) Insolvency Proceedings, Etc. Any Loan Party or any Subsidiary
thereof institutes or consents to the institution of any proceeding under any Debtor Relief Law, or
makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver,
receiver and manager, administrator, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any material part of its property; or any receiver, receiver and manager, administrator, 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 an Insolvency Event; or an Insolvency Event (as defined in the AUS Security Deed) occurs; or 
 (g) Inability to Pay Debts; Attachment. (i) Any Loan Party or
any Subsidiary thereof becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, 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 thirty (30) days after its issue or levy; or 

(h) Judgments. There is entered against any Loan Party or any Subsidiary thereof (i) one or more final judgments or
orders for the payment of money in an aggregate amount (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 

  
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dispute coverage), or (ii) any one or more non-monetary final judgments that have, or could 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 ten (10) 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 has resulted or could reasonably be expected to result in liability of any Loan Party under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount in excess of the Threshold Amount,
or (ii) the Borrower 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 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 any other Person contests in any manner the validity or enforceability of any provision of any Loan Document; or any Loan Party denies 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; 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 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 (unless, in the case of a transaction or event described in
clause (a) or (b) of the defined term “Change of Control”, any Lender elects, in its sole discretion, to permit its Term Loan to remain outstanding after giving effect thereto, on terms and conditions to be determined by such
Lender and the Borrower and/or any party to any such transaction; it being understood that with respect to any Lender electing not to permit its Term Loan to remain outstanding following the occurrence of such Change of Control, the provisions of
this Section 8.01(l) shall apply) with respect to any subsequent Change of Control); or 
 (m) Uninsured Loss. Any uninsured damage to or loss, theft or
destruction of any assets of the Loan Parties or any of their Subsidiaries shall occur that is in excess of the Threshold Amount (excluding customary deductible thresholds established in accordance with historical past practices). 

  
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 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 Lenders or by the Administrative Agent with the approval of the requisite Lenders, as required hereunder in Section 11.01. 

8.02 Remedies upon Event of Default. 

If any Event of Default occurs and is continuing, the Agent may, or shall, at the request of the Required Lenders, take any or all of the
following actions: 
 (a) [reserved]; 

(b) declare the unpaid principal amount of all Obligations, including outstanding Term 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
and the other Loan Parties to the fullest extent permitted by applicable Law; 
 (c) require that the Borrower Cash
Collateralize contingent Obligations that have been asserted in writing in good faith but are not yet due and payable; and 

(d) exercise on behalf of itself, the Lenders all rights and remedies available to it and the Lenders under the Loan Documents
or applicable Law or equity; 
 provided, however, that upon the occurrence of an actual or deemed entry of an order for relief with respect
to any Loan Party under the Bankruptcy Code or any other Event of Default described in Sections 8.01(f) or (g), the unpaid principal amount of all outstanding Obligations, including all Term Loans and all interest and other amounts as
aforesaid shall automatically become due and payable without further act of the Administrative Agent or any Lender. 
 8.03 Application of Funds.

 After the exercise of remedies provided for in Section 8.02 (or after the Term Loans have automatically become immediately
due and payable) or if at any time insufficient funds are received by and available to the Administrative Agent to pay fully all Obligations then due hereunder, any amounts received on account of the Obligations shall, subject to the provisions of
Section 2.14, be applied by the Administrative Agent in the following order: 
 First, to payment of all
Protective Advances, 
 Second, to payment of that portion of the 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; 

  
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 Third, to payment of that portion of the Obligations constituting
fees, indemnities and other amounts (other than principal and interest) payable to the Lenders, including fees, charges and disbursements of counsel to the respective Lenders arising under the Loan Documents and amounts payable under Article III,
ratably among them in proportion to the respective amounts described in this clause Second payable to them; 
 Fourth,
to payment of that portion of the Obligations constituting accrued and unpaid interest on the Term Loans, and other Obligations arising under the Loan Documents, ratably among the Lenders in proportion to the respective amounts described in this
clause Third payable to them; 
 Sixth, to payment of that portion of the Obligations constituting unpaid principal of
the Term Loans, in each case ratably among the Administrative Agent and the Lenders in proportion to the respective amounts described in this clause Fourth held by them; 

Seventh, to payment of any other Obligations then due and payable, including the Cash Collateralization of any asserted
indemnity obligations as provided herein; and 
 Last, the balance, if any, after all of the Obligations have been
indefeasibly paid in full (other than contingent indemnification and expense reimbursement obligations not then due and payable), to the Borrower or as otherwise required by Law. 

8.04 License.  
 The Administrative
Agent is hereby granted an irrevocable, non-exclusive license or other right to use, license or sub-license (without payment of royalty or other compensation to any Person) any or all Intellectual Property of Loan Parties, computer hardware and
software, trade secrets, brochures, customer lists, promotional and advertising materials, labels, packaging materials and other Property, in advertising for sale, marketing, selling, collecting, completing manufacture of, or otherwise exercising
any rights or remedies with respect to, any Collateral. Each Loan Party’s rights and interests under Intellectual Property shall inure to the Administrative Agent’s benefit. 

ARTICLE IX 

ADMINISTRATIVE AGENT AND COLLATERAL AGENT 

9.01 Appointment and Authority. 

(a) Appointment. Each of the Lenders hereby irrevocably appoints, designates and authorizes Pathlight Capital LP 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

  
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Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of each
Agent and the Lenders, and neither the Borrower nor any other Loan Party shall have rights as a third party beneficiary of any of such provisions, except as set forth in Section 9.06. 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 each Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable Law.
Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties. The Administrative Agent alone shall be authorized to determine eligibility and applicable
advance rates under the Term Loan Borrowing Base, whether to impose or release any reserve, which determinations and judgments, if exercised in good faith, shall exonerate the Administrative Agent from liability to any Secured Party or other Person
for any error in judgment. 
 (b) Collateral Agent. Pathlight Capital LP shall act as the “collateral agent”
under the Loan Documents, and each of the Lenders hereby irrevocably appoints and authorizes Pathlight Capital LP 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, Pathlight Capital LP, 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. In this Agreement, any rights and remedies exercisable by, any documents to be delivered to, or any other
indemnities or obligations in favor of the Collateral Agent shall be, as the case may be, exercisable by, delivered to, or be indemnities or other obligations in favor of the Collateral Agent (or any other Person acting in such capacity) in its
capacity as Australian Security Trustee to the extent that the rights, remedies, deliveries, indemnities or other obligations relate to, Collateral Documents governed by the laws of Australia or the security thereby created. Any obligations of
Collateral Agent (or any other Person acting in such capacity) in this Agreement shall be obligations of the Collateral Agent in its capacity as Australian Security Trustee or the security thereby created to the extent that such obligations relate
to Collateral Documents governed by the laws of Australia or the security thereby created. Additionally, in its capacity as Australian Security Trustee, Agent (or any other Person acting in such capacity) shall have: 

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

  
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(ii)
 all the powers of an absolute owner of the security constituted by the Collateral Documents governed by the laws of Australia; and 

(iii)
 all the rights, remedies and powers granted to it and be subject to all the obligations and duties owned by it under the Collateral Documents governed by the laws of Australia. 

9.02 Rights as a Lender. 
 Each
Person serving as an Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not an Agent and the term “Lender” or “Lenders” shall, unless
otherwise expressly indicated or unless the context otherwise requires, include each Person serving as an Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, 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 an 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) Each 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, each 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 each Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be
expressly provided for herein or in the other Loan Documents), provided that such Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose such 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; and 

(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 an Agent or any of its Affiliates in any capacity. 

  
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 (b) Neither Agent nor any of such Agent’s Related Parties shall be
liable for any action taken or not taken by such 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 such 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 nonappealable judgment. Each Agent shall be deemed not to have knowledge of any Default unless and until notice describing such Default is given in
writing to such Agent by the Borrower or a Lender. 
 (c) Neither Agent nor any of such Agent’s 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 such Agent. 
 9.04 Reliance by Administrative Agent and Collateral Agent. 

Each 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. Each Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall 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 Term Loan, that by its terms must be fulfilled to the satisfaction of a Lender, each Agent may presume that such condition is
satisfactory to such Lender unless such Agent shall have received notice to the contrary from such Lender prior to the making of such Term Loan. Each 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 applicable Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its objections. 

  
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 9.05 Delegation of Duties. 

Each 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 such Agent. Each Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of this Article
shall apply to any such sub-agent and to the Related Parties of each Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the Facilities as well as activities as Agent. Neither Agent
shall 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 nonappealable judgment that such Agent acted with gross negligence or willful misconduct in
the selection of such sub-agents. 
 9.06 Resignation of Administrative Agent or Collateral Agent. 

(a) Notice. Each Agent may at any time give notice of its resignation to the Lenders and the Borrower. Upon receipt of
any such notice of resignation, the Required Lenders shall have the right, with the consent of the Borrower not to be unreasonably withheld, conditioned or delayed (which Borrower consent shall not be required if an Event of Default has occurred and
is continuing), 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 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 Agent may (but shall not be obligated to) on behalf of the Lenders, appoint a successor Agent meeting the qualifications set forth above. 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, with the consent of the Borrower not to be unreasonably withheld, conditioned or delayed (which Borrower consent shall not be required if an Event of Default has occurred and is continuing), 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. 

  
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 (c) Effect of Resignation or Removal. With effect from the
Resignation Effective Date (i) the retiring or removed Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents, and (ii) except for any indemnity payments or other amounts then owed to the
retiring or removed Agent, all payments, communications and determinations provided to be made by, to or through such Agent shall instead be made by or to each Lender directly, until such time, if any, as the Required Lenders appoint a successor
Agent as provided for above. Upon the acceptance of a successor’s appointment as Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring or removed 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 Agent as of the Resignation Effective Date), and the retiring or removed 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). The fees payable by the Borrower to a successor 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 Agent’s resignation or removed hereunder and under the other Loan Documents, the provisions of this Article and Section 11.04 shall
continue in effect for the benefit of such retiring or removed Agent, its sub agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them (i) while the retiring or removed Agent was acting
as Agent and (ii) 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, (A) acting as collateral agent or
otherwise holding any collateral security on behalf of any of the Secured Parties and (B) in respect of any actions taken in connection with transferring the agency to any successor Agent. 

9.07 Non-Reliance on Administrative Agent, Collateral Agent and Other Lenders. 

Each Lender acknowledges that it has, independently and without reliance upon the Administrative Agent, the Collateral Agent or any other
Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and
without reliance upon the Administrative Agent, the Collateral 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, the Collateral agent or a Lender hereunder. 

  
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 9.09 Administrative Agent or Collateral Agent May File Proofs of Claim; Credit Bidding. 

In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial proceeding relative to any Loan Party, each Agent
(irrespective of whether the principal of any Term Loan shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether such Agent shall have made any demand on the Borrower) shall be entitled and
empowered, by intervention in such proceeding or otherwise: 
 (a) to file and prove a claim for the whole amount of the
principal and interest owing and unpaid in respect of the Term Loans, and all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders, and the
applicable Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, and the applicable Agent and their respective agents and counsel and all other amounts due the Lenders, and the applicable
Agent under Sections 2.09, 2.10(b) and 11.04) allowed in such judicial proceeding; and 
 (b) to collect
and receive any monies or other property payable or deliverable on any such claims and to distribute the same; 
 and any custodian, receiver, assignee,
trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender to make such payments to each Agent and, in the event that such Agent shall consent to the making of such payments
directly to the Lenders, to pay to such Agent any amount due for the reasonable compensation, expenses, disbursements and advances of such Agent and its agents and counsel, and any other amounts due to such Agent under Sections 2.09,
2.10(b) and 11.04. 
 Nothing contained herein shall be deemed to authorize the Administrative Agent or the Collateral Agent
to authorize or consent to or accept or adopt on behalf of any Lender any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender to authorize the Administrative Agent or the Collateral
Agent to vote in respect of the claim of any Lender or in any such proceeding. 
 The Secured Parties hereby irrevocably authorize each
Agent, at the direction of the Required Lenders, to credit bid all or any portion of the Obligations (including accepting some or all of the Collateral in satisfaction of some or all of the Obligations pursuant to a deed in lieu of foreclosure or
otherwise) and in such manner purchase (either directly or through one or more acquisition vehicles) all or any portion of the Collateral (a) at any sale thereof conducted under the provisions of the Bankruptcy Code, including under Sections
363, 1123 or 1129 of the Bankruptcy Code, or any similar Laws in any other jurisdictions to which a Loan Party is subject, (b) 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) such Agent (whether by judicial action or otherwise) in accordance with any applicable Law. In connection with any such credit bid and purchase, the Obligations owed to the Secured Parties shall be entitled to be, and shall be,
credit bid on a ratable basis (with Obligations with respect to contingent or unliquidated claims 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 

  
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instruments of the acquisition vehicle or vehicles that are used to consummate such purchase). In connection with any such bid (i) each Agent shall be authorized to form one or more
acquisition vehicles to make a bid, (ii) to adopt documents providing for the governance of the acquisition vehicle or vehicles, provided that any actions by such 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) through (k) of Section 11.1 of this Agreement, (iii) each Agent shall be authorized to assign the relevant Obligations to any such acquisition vehicle pro rata by the Lenders, as a result
of which each of the Lenders shall be deemed to have received a pro rata portion of any Equity Interests and/or debt instruments issued by such an acquisition vehicle on account of the assignment of the Obligations to be credit bid, all without the
need for any Secured Party or acquisition vehicle to take any further action, and (iv) to the extent that 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 Obligations assigned to the acquisition vehicle exceeds the amount of debt credit bid by the acquisition vehicle or otherwise), such 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 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. 

Each of the Lenders irrevocably authorize the Collateral Agent, at its option and in its discretion, 

(a) to release any Lien on any property granted to or held by the Collateral 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 Required Lenders in accordance with Section 11.01; 
 (b) to
subordinate or release any Lien on any property granted to or held by the Collateral Agent under any Loan Document to the holder of any Lien on such property that is permitted by Section 7.01(i); and 

(c) 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. 
 Upon request by the Collateral Agent at any time, the Required Lenders will confirm in
writing the Collateral 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 Collateral Agent will, at the Borrower’s expense, (x) release any Lien on any Property held by it (including any such Lien 

  
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granted pursuant to a Mortgage) in connection with any Disposition permitted hereunder and (y) 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. 
 The Collateral
Agent shall not be responsible for or have a duty to ascertain or inquire into any representation or warranty regarding the existence, value or collectability of the Collateral, the existence, priority or perfection of the Collateral Agent’s
Lien thereon, or any certificate prepared by any Loan Party in connection therewith, nor shall the Collateral Agent be responsible or liable to the Lenders for any failure to monitor or maintain any portion of the Collateral. 

9.11 [Reserved]. 
 9.12 Lender ERISA
Representation. 
 (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, each other Agent, 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 Benefit Plans in connection with the Term Loans or the Commitments, 
 (ii) the
transaction exemption set forth in one or more PTEs, such as PTE 8414 (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
9623 (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 Term Loans, 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 Term Loans, the Commitments and this
Agreement, (C) the entrance into, participation in, administration of and performance of the Term Loans, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of

  
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PTE 8414 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 Term Loans, the Commitments and this Agreement, or 
 (iv) such
other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion, and such Lender. 

(b) In addition, unless sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or
such Lender has not provided another representation, warranty and covenant as provided in sub-clause (iv) in the immediately preceding clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender
party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent, each other Agent, 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, or any other Agent or any of their respective Affiliates is a fiduciary with respect to the assets of such Lender (including in connection with the reservation or exercise of any rights by the Administrative Agent
under this Agreement, any Loan Document or any documents related 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 Term Loans, 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),

 (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 Term Loans, 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 Term Loans, the Commitments and this Agreement is a fiduciary under ERISA or the Code, or both, with respect to the Term Loans, the Commitments and this Agreement and is
responsible for exercising independent judgment in evaluating the transactions hereunder, and 

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

(c) The Administrative Agent and each other Agent 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 Term Loans, the Commitments and this Agreement, (ii) may recognize a gain if it extended the Term Loans, the Commitments for an amount less than the amount
being paid for an interest in the Term Loans, 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, 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. 
 9.13 Recovery of
Erroneous Payments. 

Without
limitation of any other provision in this Agreement, if at any time the Administrative Agent makes a payment hereunder in error to any Lender Recipient Party, whether or not in respect of an Obligation due and owing by the Borrower at such time,
where such payment is a Rescindable Amount, then in any such event, each Lender Recipient Party receiving a Rescindable Amount severally agrees to repay to the Administrative Agent forthwith on demand the Rescindable Amount received by such Lender
Recipient Party in immediately available funds in the currency so received, with interest thereon, for each day from and including the date such Rescindable Amount is received by 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. Each Lender Recipient Party irrevocably waives any and all defenses, including any
“discharge for value” (under which a creditor might otherwise claim a right to retain funds mistakenly paid by a third party in respect of a debt owed by another) or similar defense to its obligation to return any Rescindable Amount. The
Administrative Agent shall inform each Lender Recipient Party promptly upon determining that any payment made to such Lender Recipient Party comprised, in whole or in part, a Rescindable Amount.

  
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 ARTICLE X 

CONTINUING GUARANTY 
 10.01
Guaranty. 
 Each
GuarantorLoan
Party 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 Obligations (for each GuarantorLoan
Party, subject to the proviso in this sentence, its “Guaranteed Obligations”); provided that the liability of each GuarantorLoan
Party 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 or any comparable provisions of any applicable state 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
GuarantorLoan
 Party, and conclusive for the purpose of establishing the amount of the Obligations. This Guaranty shall not be affected by the genuineness, validity, regularity or enforceability of the
Obligations or any instrument or agreement evidencing any 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 Obligations which
might otherwise constitute a defense to the obligations of the GuarantorsLoan Parties, or any of them, under this Guaranty, and each GuarantorLoan
Party 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 GuarantorLoan
Party 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 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 Obligations; (c) apply such security and direct the order or manner of sale thereof as the Administrative Agent 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 Obligations. Without limiting the generality of the foregoing, each
GuarantorLoan
 Party 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 GuarantorLoan
Party under this Guaranty or which, but for this provision, might operate as a discharge of such
GuarantorLoan
 Party. 

  
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 10.03 Certain Waivers. 

Each GuarantorLoan Party waives (a) any defense arising by reason of any
disability or other defense of the Borrower or any other
guarantorGuarantor
, 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
GuarantorLoan
 Party’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 GuarantorLoan
Party’s liability hereunder; (d) any right to proceed against the Borrower or any other Loan Party, proceed against or exhaust any security for the 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
GuarantorLoan
 Party 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 Obligations, and all notices of acceptance of this Guaranty or of the existence, creation or incurrence of new or additional Obligations. 

10.04 Obligations Independent. 

The obligations of each GuarantorLoan Party hereunder are those of primary obligor, and not merely as
surety, and are independent of the Obligations and the obligations of any other guarantor, and a separate action may be brought against each
GuarantorLoan
 Party to enforce this Guaranty whether or not the Borrower or any other person or entity is joined as a party. 

10.05 Subrogation. 
 No GuarantorLoan
Party 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 Obligations and
any amounts payable under this Guaranty have been indefeasibly paid and performed in full and the Commitments and the Facility are terminated. If any amounts are paid to a GuarantorLoan
Party 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 Obligations, whether matured or unmatured. 
 10.06 Termination; Reinstatement. 

This Guaranty is a continuing and irrevocable guaranty of all 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 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 

  
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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
GuarantorLoan
Party under this paragraph shall survive termination of this Guaranty. 
 10.07 Stay of
Acceleration. 
 If acceleration of the time for payment of any of the 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
GuarantorLoan
Party, jointly and severally, immediately upon demand by the Secured Parties. 
 10.08
Condition of Borrower. 
 Each
GuarantorLoan
Party 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 GuarantorLoan Party requires, and that none of the Secured Parties has any duty,
and such
GuarantorLoan
 Party 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
GuarantorLoan
 Party 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 U.S.
Borrower. 
 Each of the Loan Parties hereby appoints the U.S. 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
U.S. Borrower may execute such documents and provide such
authorizations on behalf of such Loan Parties as the U.S.
Borrower deems appropriate in its sole discretion and each Loan Party 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 or a Lender to the U.S. Borrower shall be deemed delivered to each Loan Party and (c) the Administrative Agent 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. 
 10.10 Right of Contribution. 

The GuarantorsLoan Parties agree among themselves that, in connection with payments
made hereunder, each
GuarantorLoan
 Party shall have contribution rights against the other GuarantorsLoan Parties as permitted under applicable Law. 

  
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 ARTICLE XI 

MISCELLANEOUS 
 11.01 Amendments,
Etc. 
 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: 
 (a) waive any condition set forth in Section 4.01, without the written consent of each Lender;

 (b) [Reserved]; 

(c) extend or increase the Commitment of any Lender (or reinstate any Commitment terminated pursuant this Agreement) without
the prior written consent of such Lender (it being understood and agreed that a waiver of any condition precedent in Section 4.01 or of any Default is not considered an extension or increase in Commitments of any Lender); 

(d) 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, including without limitation extending the Facility Termination Date, or under such other Loan Document without the written consent of each directly and
adversely affected Lender; 
 (e) reduce the principal of, or the rate of interest specified herein on, any Term Loan, or
(subject to clause (ii) 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 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 Term Loan or to reduce any fee payable hereunder; 

(f) 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 or (ii) the order of application of any prepayment of Term Loans from the application thereof set forth in the applicable provisions of Section 2.05(b) in any
manner that materially and adversely affects the Lenders without the written consent of the Required Lenders 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; 

  
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 (g) change any provision of this Section 11.01 or the definition
of “Required 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, without the written consent of each Lender; 
 (h) except as contemplated in the Intercreditor Agreement, release
all or substantially all of the Collateral in any transaction or series of related transactions, without the written consent of each Lender; 

(i) except as contemplated in the Intercreditor Agreement, 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);

 (j) 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; 
 (k) impose any greater restriction on the
ability of any Lender under the Facility to assign any of its rights or obligations hereunder without the written consent of the Required Lenders; or 

(l) without the prior written consent of all Lenders, (i) increase the applicable advance rates set forth in the
definition of “Term Loan Borrowing Base”, (ii) amend the definition of “Term Loan Borrowing Base” or any component definition thereof which would result in an increase in the amount of the Term Loan Borrowing Base, or
(iii) amend the definition of “Term Loan Reserve” or “TL Priority Collateral Reserves” (or any component definition of either such term) or cease to cause deduction of the ABL Agent from the ABL Borrowing Base (or fail to
establish or maintain) the “Term Loan Reserve,” 
 and provided, further, that (i) 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; and (ii) the Fee Letter may be amended,
or rights or privileges thereunder waived, in a writing executed only by the parties thereto. Notwithstanding anything to the contrary herein, (A) each Lender is entitled to vote as such Lender sees fit on any bankruptcy reorganization plan
that affects the Term Loans, and each Lender acknowledges that the provisions of Section 1126(c) of the Bankruptcy Code supersedes the unanimous consent provisions set forth herein and (B) 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. 

  
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 Notwithstanding anything to the contrary herein, (a) 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, and (b) the Administrative Agent or the Collateral Agent, as applicable, may amend or modify this Agreement and any other Loan Document to (i) to cure any ambiguity, omission, mistake, defect or inconsistency therein or
(ii) grant a new Lien for the benefit of the Secured Parties, extend an existing Lien over additional property for the benefit of the Secured Parties or join additional Persons as Loan Parties. 

If any Lender does not consent to a proposed amendment, waiver, consent or release with respect to any Loan Document that requires the consent of each Lender
and that has been approved by the Required Lenders, the Borrower may replace such Non-Consenting Lender in accordance with Section 11.13; provided that such amendment, waiver, consent or release can be effected as a result of the
assignment contemplated by such Section (together with all other such assignments required by the Borrower to be made pursuant to this paragraph). 

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 subsection (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,
except with respect to Borrower and the other Loan Parties, sent by fax transmission or 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, or the Administrative Agent, 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, fax number, 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 sent by fax transmission shall be deemed to have been given when
sent (except that (x) if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next Business Day for the recipient and (y) no such notice or communication shall be
sent to Borrower or any other Loan Party via facsimile). Notices and other communications delivered through electronic communications to the extent provided in subsection (b) below shall be effective as provided in such subsection (b). 

  
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 (b) Electronic Communications. Notices and other communications to
the Administrative Agent and the Lenders may be delivered or furnished by electronic communication (including e-mail, and Internet or intranet websites established by the Administrative Agent) pursuant to procedures approved by the Administrative
Agent. The Administrative Agent 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. 
 Unless the Administrative Agent otherwise prescribes,
(i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgment from the intended recipient (such as by the “return receipt requested” function, as available,
return e-mail or other written acknowledgement) and (ii) 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 (i) and (ii), 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) [reserved]. 

(d) Change of Address, Etc. Each of the Borrower, and the Administrative Agent may change its address, fax number or
telephone number or email address for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may change its address, fax number or telephone number or e-mail address for notices and other communications
hereunder by notice to the Borrower and the Administrative Agent. 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, fax 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 and Lenders. The Administrative Agent and the Lenders shall be entitled to rely and
act upon any notices (including, without limitation, telephonic or electronic notices, and Notice of Loan Prepayment) 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 Lender and the Related Parties of each of them from all losses, costs, expenses and 

  
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liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of a Loan Party, except to the extent such losses, costs, expenses or liabilities resulted
from the gross negligence or willful misconduct of the applicable Person. All telephonic communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording. 

11.03 No Waiver; Cumulative Remedies; Enforcement. 

No failure by any Lender 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. 
 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; 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) [reserved], (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 (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 out-of-pocket expenses incurred by the
Administrative Agent and its Affiliates (including the reasonable fees, charges and disbursements of counsel for the Administrative Agent), 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 (including (A) any actions taken to perfect or maintain priority of Agent’s Liens on any Collateral, to maintain any insurance required
hereunder or to verify Collateral and (B) subject to the limits of Section 6.10, any examination or appraisal with respect to any Loan Party or Collateral by the Administrative Agent’s personnel or a third party) or any
amendments, modifications or waivers of the provisions hereof or thereof 

  
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(whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) [reserved], and (iii) all out-of-pocket expenses incurred by the Administrative Agent, any
Lender (including the fees, charges and disbursements of any counsel for the Administrative Agent or any Lender), 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, or (B) in connection with Term Loans, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of the Term Loans. 

(b) Indemnification by the Loan Parties. The Loan Parties shall indemnify the Administrative Agent (and any sub-agent
thereof) and each Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and
related expenses (including the fees, charges and disbursements of any counsel for any Indemnitee), 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 Term Loan or the use or proposed use of the proceeds therefrom, (iii) any actual or alleged presence or release of Hazardous Materials on
or from any Real Property, or other property owned 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, IN ALL CASES, WHETHER OR NOT CAUSED BY OR ARISING, IN WHOLE OR IN PART, OUT OF THE COMPARATIVE, CONTRIBUTORY OR SOLE NEGLIGENCE OF THE INDEMNITEE; 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 nonappealable 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 in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document,
if the Borrower or such Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction. Without limiting the provisions of Section 3.01(c), 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. 

  
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 (c) Reimbursement by Lenders. To the extent that the Loan Parties for
any reason fail to indefeasibly pay any amount required under subsection (a) or (b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof), or any Related Party of any of the foregoing, each Lender
severally agrees to pay to the Administrative Agent (or any such sub-agent), 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, further that, the unreimbursed expense or indemnified loss, claim, damage, liability or
related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent), 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), in connection with such capacity. The obligations of the Lenders under this subsection (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. No Indemnitee referred to in subsection
(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 or willful misconduct of
such Indemnitee as determined by a final and nonappealable judgment of a court of competent jurisdiction. 
 (e)
Payments. All amounts due under this Section shall be payable not later than ten (10) Business Days after demand therefor. 

(f) Survival. The agreements in this Section and the indemnity provisions of Section 11.02(e) shall survive
the resignation of the Administrative Agent, the replacement of any Lender, the termination of the aggregate Commitments and the repayment, satisfaction or discharge of all the other Obligations. 

  
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 11.05 Payments Set Aside. 

To the extent that any payment by or on behalf of the Borrower is made to the Administrative Agent or any Lender, or the Administrative Agent
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 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 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 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 or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of
subsection (b) of this Section, (ii) by way of participation in accordance with the provisions of subsection (d) of this Section, or (iii) by way of pledge or assignment of a security interest subject to the restrictions of
subsection (e) of this Section (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 subsection (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent
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 Term Loans at the time owing to it);
provided that (in each case with respect to the 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 Term Loans at the time owing to
it or contemporaneous assignments to related Approved Funds (determined after giving effect to such assignments) that equal at least the amount specified in paragraph (b)(i)(B) of this Section 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 

  
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 (B) in any case not described in subsection (b)(i)(A) of this
Section, the aggregate amount of the principal outstanding balance of the Term 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 $5,000,000 in the case of any assignment in respect of the 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 Term Loans assigned. 

(iii) Required Consents. No consent shall be required for any assignment except to the extent required by subsection
(b)(i)(B) of this Section 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 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 Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within five (5) Business Days after having received notice thereof; and 

(B) the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required for
assignments in respect of any Term Loan to a Person that is not a Lender, an Affiliate of a Lender or an Approved Fund. 

(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. 

  
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 (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), or (C) to a natural Person (or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of a natural person). 

(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 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 (A) pay and satisfy in full all
payment liabilities then owed by such Defaulting Lender to the Administrative Agent or any Lender hereunder (and interest accrued thereon) and (B) acquire (and fund as appropriate) its full pro rata share of all 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 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. 
 Subject to
acceptance and recording thereof by the Administrative Agent pursuant to Section 11.06(c) below of this Section, 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, 3.05 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 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 subsection 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 subsection (d) below of this Section. 

  
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 (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 Term Loans owing to, each Lender pursuant to the terms hereof from time to time
(the “Register”). The entries in the Register shall be conclusive, absent manifest error, and the Borrower, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the
terms hereof as a Lender hereunder for all purposes of this Agreement. 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. 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, a Defaulting Lender or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of a natural Person, 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 Term 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
(iii) the Borrower, the Administrative Agent, and the Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. For the avoidance of doubt, each Lender
shall be responsible for the indemnity under Section 11.04(c) without regard to the existence of any participations. 

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 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 paragraph (b) of this Section; provided that such Participant (A) agrees to be subject to the
provisions of Section 11.13 as if it were an assignee under paragraph (b) of this Section and (B) shall not be entitled to receive any greater payment under Section 3.01, 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. To the extent permitted by law, each Participant also shall be 

  
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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 Term 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, or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall
be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the
avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register. 

(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. 
 11.07
Treatment of Certain Information; Confidentiality. 
 (a) Treatment of Certain Information. Each of the
Administrative Agent and the Lenders 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 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, 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 (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, (vii) on a confidential 

  
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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 electronic delivery
service used by the Administrative Agent to deliver Borrower Materials or notices to the Lenders or (C) [reserved], or (viii) with the consent of the Borrower or to the extent such Information (1) becomes publicly available other than
as a result of a breach of this Section or (2) becomes available to the Administrative Agent, any Lender, or any of their respective Affiliates on a nonconfidential basis from a source other than the Borrower. For purposes of this Section,
“Information” means all information received from the Borrower or any Subsidiary relating to the Borrower or any Subsidiary or any of their respective businesses, other than any such information that is available to the
Administrative Agent or any Lender 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 is clearly identified at the time of delivery as confidential. 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. 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 Agents 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 and the Lenders
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. 
 (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. 

  
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 11.08 Right of Setoff. 

If an Event of Default shall have occurred and be continuing, each Lender, 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 Administrative Agent, 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, 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 or their respective Affiliates, irrespective of whether or not such Lender 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 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, and the Lenders, and (b) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which
it exercised such right of setoff. The rights of each Lender and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender or their respective Affiliates may have.
Each Lender 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 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 Term 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. 

  
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 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 a Lender, 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 fax transmission or 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 fax transmission or 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 the making of a Term Loan, and shall continue in full force and
effect as long as any Term Loan or any other Obligation hereunder shall remain unpaid or unsatisfied. 
 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, 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, then such provisions shall be deemed to be in effect only to the extent not so limited. 

  
 159 

 11.13 Replacement of Lenders. 

If the Borrower is entitled to replace a Lender pursuant to the provisions of Section 3.07, 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 Section 3.01) 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: 
 (a) the Borrower shall have paid to the Administrative Agent the
assignment fee (if any) specified in Section 11.06(b); 
 (b) such Lender shall have received payment of an
amount equal to 100% of the outstanding principal of its Term Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents 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); 
 (c) in the case of any such
assignment resulting from a claim for payments required to be made pursuant to Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter; 

(d) such assignment does not conflict with applicable Laws; and 

(e) 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. 
 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. 

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. 

  
 160 

 (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, 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 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 PARAGRAPH
(B) OF THIS SECTION. 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. 

  
 161 

 11.15 Waiver of Jury
TrialWAIVER 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 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. 

11.16 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. 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, if an Event of Default has occurred and is continuing, 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 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, 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 other Agents 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 and the Lenders and their Affiliates (collectively, solely for purposes of this Section, 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 

  
 162 

 
Documents; (b) (i) the Administrative Agent and its Affiliates 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 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 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 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 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 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. 
 11.18 Electronic Execution. 

The words “delivery,” “execute,” “execution,” “signed,” “signature,” and words of like import
in any Loan Document or any other document executed in connection herewith shall be deemed to include electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by the Administrative
Agent, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the
case may be, to the extent and as provided for in any applicable Law, including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on
the Uniform Electronic Transactions Act; provided that notwithstanding anything contained herein to the contrary the Administrative Agent is under no obligation to agree to accept electronic signatures 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, upon the request of the Administrative Agent, any electronic signature shall be promptly followed by such
manually executed counterpart. 
 11.19 USA PATRIOT Act Notice. 

Each Lender that is subject to the PATRIOT 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 “PATRIOT Act”), it is required to
obtain, verify and record information that identifies each Loan Party, which information includes the name and address of each Loan Party and other information that will allow such Lender or the Administrative Agent, as applicable, to identify each
Loan Party in accordance with the PATRIOT Act. The Borrower and the Loan Parties agree to, 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 PATRIOT Act. 

  
 163 

 11.20 Acknowledgement and Consent to Bail-In of EEAAffected Financial
Institutions. 
 Solely to the extent any Lender that is an
EEAAffected
 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 that is an EEAAffected Financial Institution arising under any Loan Document, to the
extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of an EEAthe 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 an EEAthe
applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any Lender that is an EEAAffected
 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 EEAAffected
 Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in
lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or 
 (iii) the
variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of any EEAthe applicable Resolution Authority. 

11.21 Time of the Essence. 

Time is of the essence of the Loan Documents. 

11.22 ENTIRE AGREEMENT. 
 THIS
AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE
PARTIES. 

  
 164 

 11.23 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 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 11.23, 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). 

  
 165 

 11.24 Intercreditor Agreement. 

(a) EACH LENDER PARTY HERETO (I) UNDERSTANDS, ACKNOWLEDGES AND AGREES THAT IT (AND EACH OF ITS SUCCESSORS AND ASSIGNS) AND
EACH OTHER LENDER (AND EACH OF THEIR SUCCESSORS AND ASSIGNS) SHALL BE BOUND BY THE INTERCREDITOR AGREEMENT, (II) AUTHORIZES AND DIRECTS THE COLLATERAL AGENT TO ENTER INTO THE INTERCREDITOR AGREEMENT ON ITS BEHALF, AND (III) AGREES THAT ANY ACTION
TAKEN BY AGENT PURSUANT TO THE INTERCREDITOR AGREEMENT SHALL BE BINDING UPON SUCH LENDER. 
 (b) THE PROVISIONS OF THIS
SECTION 11.24 ARE NOT INTENDED TO SUMMARIZE OR FULLY DESCRIBE THE PROVISIONS OF THE INTERCREDITOR AGREEMENT. REFERENCE MUST BE MADE TO THE INTERCREDITOR AGREEMENT TO UNDERSTAND ALL TERMS AND CONDITIONS THEREOF. EACH LENDER IS RESPONSIBLE FOR
MAKING ITS OWN ANALYSIS AND REVIEW OF THE INTERCREDITOR AGREEMENT AND THE TERMS AND PROVISIONS THEREOF, AND NO AGENT OR ANY OF AFFILIATES MAKES ANY REPRESENTATION TO ANY LENDER AS TO THE SUFFICIENCY OR ADVISABILITY OF THE PROVISIONS CONTAINED IN THE
INTERCREDITOR AGREEMENT. A COPY OF THE INTERCREDITOR AGREEMENT MAY BE OBTAINED FROM COLLATERAL AGENT. 
 (c) THE
INTERCREDITOR AGREEMENT IS AN AGREEMENT SOLELY AMONGST THE SECURED PARTIES (AS DEFINED IN THE INTERCREDITOR AGREEMENT) AND THEIR RESPECTIVE AGENTS (INCLUDING THEIR SUCCESSORS AND ASSIGNS) AND IS ACKNOWLEDGED AND AGREED TO BY THE LOAN PARTIES AS
PARTY THERETO. AS MORE FULLY PROVIDED THEREIN, THE INTERCREDITOR AGREEMENT CAN ONLY BE AMENDED BY THE PARTIES THERETO IN ACCORDANCE WITH THE PROVISIONS THEREOF. 

(d) IN THE EVENT OF ANY CONFLICT BETWEEN THIS AGREEMENT AND THE INTERCREDITOR AGREEMENT, THE INTERCREDITOR AGREEMENT SHALL
GOVERN. 
  

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

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.] 

  
 166 

 IN WITNESS WHEREOF, this Agreement has been executed and delivered as of the date set forth
above. 
  

							
	BORROWER:	 		 	ARMSTRONG FLOORING, INC., a Delaware corporation
				
		 		 	By:	 	  

		 		 		 	 Name:
 Title:

			
	GUARANTOR:	 		 	AFI LICENSING LLC, a Delaware limited liability company
				
		 		 	By:	 	  

		 		 		 	 Name:
 Title:

							
	ADMINISTRATIVE AGENT AND COLLATERAL AGENT:	 		 		 	 PATHLIGHT CAPITAL LP, as Administrative Agent and Collateral Agent

 
 By: Pathlight GP LLC

Its: General Partner
  

By:
                                         
                       
 Name:
                                         
                 
 Title:
                                         
                   

				
		 		 		 	Address:
				
		 		 		 	 18 Shipyard Drive, Suite 2C
 Hingham, MA
02043

							
	LENDER:	 		 		 	 PATHLIGHT CAPITAL FUND I LP, as a Lender
  

By: Pathlight Partners GP LLC
 Its: General Partner

 
 By:
                                         
                       
 Name:
                                         
                 
 Title:
                                         
                   
  

Address:
  

18 Shipyard Drive, Suite 2C
 Hingham, MA 02043

 Schedule 1.01(b) 

Commitments and Applicable Percentages 

As of the Closing Date: 
  

									
	
Lender

	  	Original Term Loan
Commitment	 	  	Applicable
Percentages
	 
	 Pathlight Capital
Fund I LP
	  	$	83,250,000.00	 	  	 	100%	 
		  				  	 	 %	 
	
Total
	  	$	83,250,000.00	 	  	 	100.000000000%	 

 As of the
Second Amendment Effective Date: 
  

									
	
Lender

	  	Second Amendment US
Term Loan Commitment	 	  	Applicable
Percentages
	 
	 Pathlight Capital
Fund I LP
	  	$	10,000,000.00	 	  	 	100%	 
	
Total
	  	$	10,000,000.00	 	  	 	100.000000000%	 

  

									
	 Lender
	  	AUS Term Loan
Commitment	 	  	Applicable
Percentages	 
	 Pathlight Capital Fund I LP
	  	$	.0025,000,000.00	 	  	 	100%	 
		  	$	0.00	 	  	 	 %	 
	 Total
	  	$	70,000,000.0025,000,000.00	 	  	 	100.000000000%	 

 Exhibit A 

Form of Administrative Questionnaire 

See Attached. 
 [NTD: ALL EXHIBITS / SCHEDULES TO BE REVISED BY AGENT FOLLOWING APPROVAL OF ABL
AMENDMENT] 

 EXHIBIT C 

[Form of] 
 Compliance
Certificate 
 Financial Statement Date:
[                    ,
                    ] 
  

	TO:	 PATHLIGHT CAPITAL LP, as Administrative Agent 

 

	RE:	 Term Loan Agreement, dated as of June 23, 2020, by and among Armstrong Flooring, Inc., a Delaware
corporation (the “Borrower”), the Guarantors, the Lenders and Pathlight Capital LP, as Administrative Agent, (as amended, modified, extended, restated, replaced, or supplemented from time to time, the “Credit
Agreement”; capitalized terms used herein and not otherwise defined shall have the meanings set forth in the Credit Agreement) 

  

	DATE:	 [Date] 

  

 
 The undersigned Responsible Officer
hereby certifies as of the date hereof that [he/she] is the [            ] of the Borrower, and that, as such, [he/she] is authorized to execute and deliver this Certificate to the
Administrative Agent on the behalf of the Borrower and the other Loan Parties, and that: 
 [Use following paragraph 1 for fiscal year-end
financial statements] 
 1. The Borrower has delivered the year-end audited financial statements required by Section 6.01(a)
of the Credit Agreement for the fiscal year of the Borrower ended as of the above date, together with the report and opinion of an independent certified public accountant required by such section. 

[Use following paragraph 1 for fiscal quarter-end financial statements] 

1. The Borrower has delivered the unaudited financial statements required by Section 6.01(b) of the Credit Agreement for the
fiscal quarter of the Borrower ended as of the above date. Such Consolidated and consolidating financial statements fairly present the financial condition, results of operations, Shareholders’ Equity and cash flows of the Borrower and its
Subsidiaries in accordance with GAAP as at such date and for such period, subject only to normal year-end audit adjustments and the absence of footnotes. 

2. The undersigned has reviewed and is familiar with the terms of the Credit Agreement and has made, or has caused to be made under [his/her]
supervision, a detailed review of the transactions and condition (financial or otherwise) of the Borrower and its Subsidiaries during the accounting period covered by such financial statements. 

3. A review of the activities of the Borrower and its Subsidiaries during such fiscal period has been made under the supervision of the
undersigned with a view to determining whether during such fiscal period the Borrower and each of the other Loan Parties performed and observed all its obligations under the Loan Documents, and 

 [select one:] 

[to the best knowledge of the undersigned, as of the date of this Certificate, no Default has occurred and is continuing.] 

—or— 
 [to the
best knowledge of the undersigned, the following is a list of each Default existing as of the date of this Certificate and its nature and status:] 

4. Except as set forth on Schedule B attached hereto, the representations and warranties of the Borrower and each other Loan Party
contained in Article V of the Credit Agreement or any other Loan Document, or which are contained in any document furnished at any time under or in connection therewith are true and correct on and as of the date hereof, and except that for purposes
of this Compliance Certificate, the representations and warranties contained in subsections (a) and (b) of Section 5.05 of the Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant to
clauses (a) and (b), respectively, of Section 6.01 of the Credit Agreement, including the statements in connection with which this Compliance Certificate is delivered. 

5. The financial covenant analyses and information set forth on Schedule A attached hereto are true and accurate on and as of the date
of this Certificate. 
 6. The information set forth on Schedule C attached hereto is true and accurate on and as of the date of this
Certificate. 
 Delivery of an executed counterpart of a signature page of this Certificate by fax transmission or other electronic mail
transmission (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Certificate. 

☐ Check for distribution to PUBLIC and Private side Lenders12  
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

 
  

	12
	 If this is not checked, this certificate will only be posted to Private side Lenders. 

 
			
	 ARMSTRONG FLOORING, INC.,
 a
Delaware corporation

		
	By:	 	
                 

	Name:	 	
                     

	Title:	 	  

 For the Quarter/Year ended
                                (“Statement Date”) 

SCHEDULE A 
 to the
Compliance Certificate 
  

							
	 I.
	  	Section 2.05(b) – Reinvestments	  			
			
		  	 A. Reinvestments made within 180 days of the date of a Disposition or Involuntary
Disposition pursuant to Section 2.05(b) that consists of proceeds of the Disposition of any assets that constitute Eligible Accounts, Eligible Inventory, Eligible Machinery and Equipment, or Eligible Real Property:
	  			
			
		  	 1.  Aggregate amount as of the Statement Date for the period beginning the date of
the most recently delivered Compliance Certificate through and including the Statement Date:
	  	 	$______________	 
			
		  	 2.  Aggregate amount as of the Statement Date for the period beginning on the
Closing Date through and including the Statement Date:
	  	 	$______________	 
			
		  	 B. Reinvestments made within 180 days of the date of a Disposition or Involuntary
Disposition pursuant to Section 2.05(b) that consists of proceeds of the Disposition of any assets that do not constitute Eligible Accounts, Eligible Inventory, Eligible Machinery and Equipment, or Eligible Real Property:
	  			
			
		  	 1.  Aggregate amount as of the Statement Date for the period beginning the date of
the most recently delivered Compliance Certificate through and including the Statement Date:
	  	 	$______________	 
			
		  	 2.  Aggregate amount as of the Statement Date for the period beginning on the
Closing Date through and including the Statement Date:
	  	 	$______________	 

							
	 II.
	  	Section 7.02(g) – Investments in any Foreign Subsidiary	  			
			
		  	 A. Aggregate amount of Investments in any Foreign Subsidiary as of the Statement
Date:
	  	$	______________	 
			
		  	 Maximum permitted:
	  	$	5,000,000	 
			
		  	 Section 7.02(i) – Investments in Joint Ventures

 
 B. Aggregate amount of Investments in joint
ventures as of the Statement Date:
	  	$	________________	 
			
		  	 Maximum permitted:
	  	$	5,000,000	 
			
		  	Section 7.02(j) – Other Investments	  			
			
		  	 C. Investments not contemplated by the other provisions of Section 7.02 of the
Credit Agreement:
	  	$	________________	 
			
		  	 Maximum permitted per fiscal year
	  	$	1,000,000	 
			
		  	Section 7.02 – Aggregate Investment Amounts under Clauses (g), (i) and (j)	  			
			
		  	 D. Investments under Sections 7.02(g), (i) and (j) of the Credit
Agreement:
	  	$	______________	 
			
		  	 Maximum permitted
	  	$	7,5000,000	 
			
	 III.
	  	Section 7.05(a) – Dispositions	  			
			
		  	 A. Net book value of all assets sold or otherwise disposed of by Borrower and its
Subsidiaries after the Closing Date under Section 7.05(a) of the Credit Agreement:
	  			
			
		  	 1.  Aggregate amount as of the Statement Date for the period beginning the date of
the most recently delivered Compliance Certificate through and including the Statement Date:
	  	$	________________	 
			
		  	 2.  Aggregate amount as of the Statement Date for the period beginning on the
Closing Date through and including the Statement Date:
	  	$	________________	 

					
		  	 Maximum permitted:
	  	$            4,000,000
			
		  	Section 7.05(c)(ii) – Dispositions	  	
			
		  	 B. Net book value of all assets sold or otherwise disposed of by Borrower and its
Subsidiaries after the Closing Date under Section 7.05(c)(ii) of the Credit Agreement:
	  	
			
		  	 1.  Aggregate amount as of the Statement Date for the period beginning the date of the
most recently delivered Compliance Certificate through and including the Statement Date:
	  	$______________
			
		  	 2.  Aggregate amount as of the Statement Date for the most recently ended twelve month
period:
	  	$______________
			
		  	 Maximum permitted per twelve month period:
	  	$            1,000,000
			
		  	Section 7.05(g) – Dispositions	  	
			
		  	 C. Net book value of all assets sold or otherwise disposed of by Borrower and its
Subsidiaries after the Closing Date under Section 7.05(g) of the Credit Agreement:
	  	
			
		  	 1.  Aggregate amount as of the Statement Date for the period beginning the date of the
most recently delivered Compliance Certificate through and including the Statement Date:
	  	$______________
			
		  	 2.  Aggregate amount as of the Statement Date for the period beginning on the Closing
Date through and including the Statement Date:
	  	$______________
			
	IV.	  	Section 7.11(a) – Minimum Availability	  	
			
		  	 A. At all times until the application of the South Gate Repayment Amount pursuant to
Section 2.05(b), Availability (calculated without giving effect to the amount of the Availability Block then in effect pursuant to the ABL Credit Agreement) has not been less than:
	  	$______________

					
			
		  	Minimum required:	  	$          30,000,000
			
		  	Section 7.11(a) – Minimum Consolidated Cash Flow	  	
			
		  	 B. Consolidated EBITDA for the Measurement Period most recently completed (the
“Subject Period”):
	  	
			
		  	 1.  Consolidated Net Income for Subject Period:
	  	$______________
			
		  	 2.  Consolidated Interest Charges for Subject Period:
	  	$______________
			
		  	 3.  provision for federal, state, local and foreign income taxes payable for Subject
Period:
	  	$______________
			
		  	 4.  depreciation expenses for Subject Period:
	  	$______________
			
		  	 5.  amortization expenses for Subject Period:
	  	$______________
			
		  	 6.  non-cash expenses and losses relating to pensions23 for Subject
Period:
	  	$______________
			
		  	 7.  cash payments pertaining to the Borrower’s U.S. post-retirement defined
benefit plan that were not included in calculating Consolidated Net
Income34:
	  	$______________
			
		  	 8.  non-cash gains relating to pensions for Subject Period45:
	  	$______________

  

	23
 	 Excluding any such non-cash charges or losses to the extent (A) there were cash charges with respect to
such charges and losses in past accounting periods or (B) there is a reasonable expectation that there will be cash charges with respect to such charges and losses in future accounting periods. 

 

	34
 	 Include from and after the earlier of (i) Consolidated Fixed Charge Coverage Ratio Stabilization Date, or
(ii) December 31, 2022 

  

	45
 	 Without duplication and to the extent reflected as a gain or otherwise included in the calculation of Combined
Net Income for the Subject Period (excluding any such non-cash gains to the extent (A) there were cash gains with respect to such gains in past accounting periods or (B) there is a reasonable expectation that there will be cash gains with
respect to such gains in future accounting periods), provided that if any non-cash expenses or income related to pensions in the current accounting period are ever paid for or received in cash in a future accounting period, the Consolidated EBITDA
for the future accounting period will reflect the associated increase or decrease from receipt or payment for the Subject Period. 

					
		  	 9.  Consolidated EBITDA for Subject Period (Lines IV.B.1 + 2 + 3 + 4 + 5 + 6 - 7 -
8):
	  	$________________
			
		  	 C. Capital Expenditures (except those financed with Indebtedness for borrowed money other
than ABL Loans) for Subject Period:
	  	$________________
			
		  	 D. the aggregate amount of federal, state and local income taxes paid in cash during Subject
Period:
	  	$________________
			
		  	 E.  cash payments pertaining to the Borrower’s U.S. post-retirement defined
benefit plan that were not included in calculating Consolidated Net Income for Subject Period:
	  	$________________
			
		  	 F.  Consolidated Interest Charges to the extent paid in cash during Subject
Period:
	  	$________________
			
		  	 G. the aggregate principal amount of all redemptions or similar acquisitions for value of
outstanding Indebtedness for borrowed money or regularly scheduled principal payments with respect to any Indebtedness for borrowed money, in each case during such period (excluding, for the avoidance of doubt, voluntary payments or principal
prepayments of the ABL Loans except if in conjunction with a reduction in the Revolving Commitments):
	  	$________________
			
		  	 H. Consolidated Cash Flow for Subject Period (Lines IV.B.9 – IV.C – IV.D –
IV.E – IV.F – IV.G):
	  	$________________
			
		  	Minimum required:	  	$[See Schedule 7.11]
			
	 V.
	  	Section 7.11(b) – Minimum Consolidated Fixed Charge Coverage Ratio	  	
			
		  	 A. Consolidated EBITDA for Subject Period (Line IV.B above):
	  	$________________

					
		  	 B. aggregate amount of all Capital Expenditures (except those financed with Indebtedness for
borrowed money other than ABL Loans) for Subject Period:
	  	$______________
			
		  	 C. aggregate amount of federal, state, local and foreign income taxes paid in cash for
Subject Period:
	  	$______________
			
		  	 D. Consolidated Interest Charges to the extent paid in cash for Subject Period:
	  	$______________
			
		  	 E.  aggregate principal amount of all redemptions or similar acquisitions for value of
outstanding debt for borrowed money or regularly scheduled principal payments (excluding, for the avoidance of doubt, voluntary payments or principal prepayments of the ABL Loans except if in conjunction with a reduction in the Revolving Commitment)
for Subject Period:
	  	$______________
			
		  	 F.  Restricted Payments for Subject Period:
	  	$______________
			
		  	 G. Combined Fixed Charge Coverage Ratio (Line V.A – B – C) ÷ (Line V.D + E
+ F):
	  	$______________
			
		  	 Minimum Required
	  	[______________]56

  
  

 

	5 	 Fixed Charge Coverage Ratio shall only be tested for a Measurement Period
during a Financial Covenant Trigger Period. 

  

	6 	 Fixed Charge Coverage Ratio shall
only be tested for a Measurement Period during a Financial Covenant Trigger Period. 

 SCHEDULE B67 

 

	67
	 Include any representations and warranties of the Borrower and each other Loan Party contained in Article V of
the Credit Agreement or any other Loan Document, or which are contained in any document furnished at any time under or in connection therewith that are not true and correct on and as of the date hereof. 

 SCHEDULE C 

For the Quarter/Year ended
                     (“Statement Date”) 
  

					
	 I.
	  	The following Schedules to the Credit Agreement are updated in accordance herewith: [insert as applicable: 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) and 5.21(h)]. See attached for all updated Schedules.
			
	 II.
	  	Certain payments made during prior fiscal year:	  	
			
		  	 1.  The amount of Restricted Payments made during the prior fiscal year:
	  	$______________
			
		  	Describe:
                                         
                                         
  	  	
			
		  	 2.  The amount of Investments (including Permitted Acquisitions) made during the
prior fiscal year:
	  	$______________
			
		  	Describe:
                                         
                                         
  	  	
			
		  	 3.  The amount of Dispositions made during the prior fiscal year:
	  	$______________
			
		  	Describe:
                                         
                                         
  	  	
			
		  	 4.  The amount of Capital Expenditures made during the prior fiscal year:
	  	$______________
			
		  	Describe:
                                         
                                         
  	  	
			
		  	 5.  The amount of Debt Issuances made during the prior fiscal year:
	  	$______________
			
		  	Describe:
                                         
                                         
  	  	
			
		  	 6.  The amount of Equity Issuances made during the prior fiscal year:
	  	$______________
			
		  	Describe:	  	
			
	 III.
	  	Amounts received in connection with any Extraordinary Receipt during the prior fiscal year:	  	$______________
			
		  	Describe:
                                         
                                         
  	  	

  

 Schedule
7.11 

I.

 (a) Minimum Availability. On and after
the First Amendment Effective Date, Borrowers shall not permit Availability at any time during any Measurement Period specified in the table below to be less than the Minimum Availability specified in the table below: 
  

					
	 Measurement
Period
	  	Minimum Availability	 
	 First Amendment Effective Date through and including
November 30, 2021
	  	$	32,500,000	 
	 December 1, 2021 through December 31, 2021, and each
calendar month period thereafter, in each case commencing on the first day of such month and ending on the last day of such month
	  	$	25,000,000	 

 (b) Minimum Consolidated Cash
Flow. At all times when the Outstanding Amount of all Revolving Loans and Swingline Loans exceeds zero Dollars ($0), the Loan Parties shall not permit Consolidated Cash Flow as of each Measurement Period set forth in the table below to
be less than the amount set forth opposite such Measurement Period in the table below: 
  

					
	 Measurement Period
ending
	  	Minimum Consolidated
Cash Flow	 
	 September 30, 2020
	  	$	(39,345,000	) 
	 December 31, 2020
	  	$	(54,450,000	) 
	 March 31, 2021
	  	$	(71,925,000	) 
	 June 30, 2021
	  	$	(70,600,000	) 
	 September 30, 2021
	  	$	(84,000,000	) 
	 December 31, 2021
	  	$	(67,800,000	) 
	 March 31, 2022
	  	$	(52,900,000	) 
	 June 30, 2022
	  	$	(35,575,000	) 
	 September 30, 2022
	  	$	(22,300,000	) 
	 December 31, 2022
	  	$	(10,800,000	) 

 II. No later than
November 15, 2021, Riveron RTS, LLC shall deliver to Administrative Agent a report on its review of cash flows, projections and other matters covered by its scope of engagement in form and substance reasonably satisfactory to the Administrative
Agent. 

III. No later than December 31, 2021, or such later date as the
Administrative Agent may agree in its sole and absolute discretion so long as the ABL Agent also consents to such extension and no Event of Default has occurred and is then continuing, the Administrative Agent, the Lenders, the Loan Parties, the ABL
Agent and ABL Lenders shall have entered into amendments to the Loan Documents and the ABL Loan Documents, as applicable, addressing, among other things, modifications to the financial covenants set forth in the Agreement and the ABL Credit
Agreement for future periods and addressing the Borrowers’ liquidity needs, all such amendments to be in form and substance acceptable to the Administrative Agent and Lenders in their sole and absolute discretion. 

 Annex B 

to Second Amendment 

Schedules to Credit Agreement 

[See attached.] 

 Annex C 

to Second Amendment 

Schedule 7.11 
 I.
Financial Covenants. 
 (a) Minimum Availability. On and after the Second Amendment Effective Date, Borrowers shall not
permit Availability at any time during any Measurement Period specified in the table below to be less than the Minimum Availability specified in the table below: 
  

					
	 Measurement Period
	  	Minimum Availability	 
	 Second Amendment Effective Date through and including March 31, 2022
	  	$	25,000,000	 
	 April 1, 2022 through April 30, 2022, and each calendar month period thereafter, in each
case commencing on the first day of such month and ending on the last day of such month
	  	$	30,000,000	 

 (b) Minimum Consolidated Cash Flow. From and after the month ending December 31, 2021, the Loan
Parties shall not permit Consolidated Cash Flow on the last day of each month set forth in the table below to be less than the amount set forth opposite such month in the table below, in each case, calculated on a cumulative basis, beginning with
the month ending December 31, 2021: 
  

					
	 Applicable Month
	  	Minimum Consolidated Cash
Flow	 
	 December 2021
	  	$	(21,000,000	) 
	 January 2022
	  	$	(26,000,000	) 
	 February 2022
	  	$	(30,000,000	) 
	 March 2022
	  	$	(34,000,000	) 
	 April 2022
	  	$	(36,000,000	) 
	 May 2022
	  	$	(37,000,000	) 
	 June 2022
	  	$	(40,000,000	) 

 II. Reporting and Other Requirements. After the Second Amendment Effective Date, the Loan
Parties shall: 
 (a) No later than Thursday of each calendar week commencing with the first week of January 2022, cause the Consultant to
(i) deliver to Administrative Agent a rolling 13-week cash flow report with variance analysis in form and substance reasonably satisfactory to the Administrative Agent and (ii) participate in weekly update calls with the Administrative
Agent and Lenders in accordance with Section 6.25 of the Credit Agreement. 
 (b) Together with the delivery of each Borrowing
Base Report, the Loan Parties shall provide (i) a calculation of Formula Availability and (ii) a report on cash balances in all deposit accounts held with JPMorgan Chase Bank or any of its Affiliates during the period commencing on the
date that the immediately preceding Borrowing Base Report was submitted through the date of the current Borrowing Base Report. 

 Annex C 

to Second Amendment 
  

 (c) If any Obligations remain outstanding and/or any Commitments remain in effect under the
Credit Agreement as of June 30, 2022, then no later than June 30, 2022, or such later date as the Administrative Agent and Required Lenders may agree in their sole and absolute discretion so long as the ABL Agent also consents to such
extension, the Administrative Agent, the Lenders, the Loan Parties, the ABL Agent and ABL Lenders shall have entered into amendments to the Loan Documents and the ABL Documents, as applicable, addressing, among other things, modifications to the
financial covenants set forth in the Agreement and the ABL Credit Agreement for future periods and addressing the Borrowers’ liquidity needs, all such amendments to be in form and substance acceptable to the Administrative Agent and Lenders in
their sole and absolute discretion. 
 (d) No later than January 7, 2022, (i) an intercompany loan or other distribution from the
Australian Borrower to the U.S. Borrower shall have been applied to repay the Loans, and (ii) the original, fully executed and compiled AUS Intercompany Note, the AUS Subordination Agreement and the AUS Note Pledge Agreement shall be delivered
to the Administrative Agent, each in form and substance satisfactory to the Administrative Agent and the Lenders. 
 (e) No later than
January 31, 2022, or such later date as the Administrative Agent may agree in its reasonable discretion, the U.S. Borrower shall cause the pledge and delivery of the Equity Interests (and transfer powers with respect thereto) in Foreign
Subsidiaries of the U.S. Borrower (other than the Australian Borrower) in accordance with the Pledge Agreement (as amended by the Second Amendment). 

 Annex D 

to Second Amendment 

Schedule to Pledge Agreement 

[See attached.] 

 Annex E 

to Second Amendment 

Fifth Amendment to ABL Credit Agreement 

[See attached.] 

 Annex F 

to Second Amendment 

Amended and Restated Intercreditor Agreement 

[See attached.]​

FIFTH AMENDMENT TO CREDIT AGREEMENT
This FIFTH AMENDMENT TO CREDIT AGREEMENT (this “Agreement”), is entered into as of December 30, 2021, by and among INDEPENDENCE CONTRACT DRILLING, INC., a Delaware corporation (“ICD”), SIDEWINDER DRILLING LLC, a Delaware limited liability company formerly named ICD Operating LLC (“Sidewinder” and, together with ICD, as the context requires, each a “Borrower”, and collectively, the “Borrowers”), and the lenders identified on the signature pages hereof (each of such lenders, together with its successors and permitted assigns, is referred to hereinafter as a “Lender”).  
W I T N E S S E T H:
WHEREAS, pursuant to that certain Credit Agreement, dated as of October 1, 2018 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among the Borrowers, the Lenders and the Agent, the Lenders made Loans to the Borrowers pursuant to the terms and conditions thereof;
WHEREAS, initially capitalized terms used but not defined herein shall have the meanings ascribed to such terms in the Credit Agreement; and
WHEREAS, the Borrowers and the Lenders desire to amend the Credit Agreement in certain respects as more particularly set forth herein.
NOW, THEREFORE, in consideration of the foregoing and the mutual covenants herein contained, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each of the parties hereto hereby agrees as follow:
1.Amendments to Credit Agreement.  Subject to the satisfaction of the conditions set forth in Section 2 of this Agreement, the Credit Agreement is hereby amended as follows:
(a)Section 2.4(c) of the Credit Agreement is hereby amended and restated in its entirety as follows:
(c)Payment.  Except to the extent provided to the contrary in Section 2.7 or Section 2.8(a), (i) all interest and all other fees payable hereunder or under any of the other Loan Documents shall be due and payable, in cash, in arrears, on the first day of each month, and (ii) all costs and expenses payable hereunder or under any of the other Loan Documents, and all other Lender Group Expenses shall be due and payable in cash on the earlier of (x) the first day of the month following the date on which the applicable costs, expenses, or Lender Group Expenses were first incurred, or (y) the date on which demand therefor is made by Agent.  Notwithstanding the foregoing, (i) at any time Adjusted Liquidity is less than $9,000,000, Borrowers may, at their option and upon prior notice to the Lenders (which notice shall be delivered to the Lenders at least three (3) Business Days prior to the applicable date on which interest is due for the first applicable month), elect to pay accrued and unpaid interest due during any one three-consecutive-month period immediately following such notice in kind by adding the amount of such interest to the principal amount of the Loans on the date such accrued and unpaid interest is otherwise due during such period (which was exercised in connection with the payment of interest on April 1, 2021) and (ii) Borrowers may, at their option and upon prior notice to the Lenders (which notice shall be 

DB1/ 124475352.3
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delivered to the Lenders at least one (1) Business Day prior to September 30, 2021), elect to pay accrued and unpaid interest of $3,055,032.50 due on October 1, 2021 (the “October 2021 Interest Payment”) in kind by adding the amount of such interest to the principal amount of the Loans on the date such accrued and unpaid interest is otherwise due on such date and (iii) Borrowers may, at their option and upon prior notice to the Lenders (which notice shall be delivered to the Lenders no later than December 31, 2021), elect to pay accrued and unpaid interest of $3,193,239.51 due on January 3, 2022 (the “December  2021 Interest Payment”) in kind by adding the amount of such interest to the principal amount of the Loans on the date such accrued and unpaid interest is otherwise due on such date (the amount of any increase set forth in clauses (i), (ii) and (iii) collectively being the “PIK Amount”); provided, that, for the avoidance of doubt, accrued and unpaid interest shall be paid in cash on the Maturity Date and, to the extent required by the Loan Documents, on the date of any repayment or prepayment (whether pursuant to a voluntary prepayment or mandatory prepayment, acceleration or otherwise) of any Loan, with respect to the principal amount of the Loan so repaid or prepaid.
(b)Schedule C Commitments.  Schedule C to the Agreement is amended so that the amount of the DDTL Commitment is reduced by the amount of the December 2021 Interest Payment to $8,751,727.99.
2.Conditions.  The amendments set forth in Section 1 of this Agreement shall become effective as of the date first set forth above upon the satisfaction of each of the following conditions (the “Fifth Amendment Effective Date”):
(a)the Lenders shall have received counterparts of this Agreement duly executed by the Lenders and the Borrowers (it being understood electronic executed copies are sufficient for satisfaction of this subsection (a));
(b)no Default or Event of Default shall have occurred and be continuing; 
(c)all representations and warranties made by each Loan Party contained herein and in the other Loan Documents shall be true and correct in all material respects, in each case, with the same effect as though such representations and warranties had been made on and as of the date hereof; provided that in the case of any representation or warranty that expressly relates to a given date or period, such representation and warranty shall be true and correct in all material respects as of the respective date or for the respective period, as the case may be; provided, further, that if any of the representations are qualified by or subject to a “material adverse effect”, “material adverse change” or similar term or qualification, such representations shall be true and correct in all respects; 
(d)the Borrowers shall have paid to the Lenders a fee in cash in an aggregate amount equal to $63,864.79; and
(e)the Borrowers shall have paid the reasonable fees, charges and disbursements of counsel to the Lenders incurred prior to the date hereof.
3.Representations and Warranties of Loan Parties.  Each Loan Party hereby represents and warrants to the Lenders as follows:

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(a)it (i) is duly organized and existing and in good standing under the laws of the jurisdiction of its organization, (ii) is qualified to do business in any state where the failure to be so qualified could reasonably be expected to result in a Material Adverse Effect, and (iii) has all requisite power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into this Agreement and to carry out the transactions contemplated hereby and by the Credit Agreement as amended hereby;
(b)the execution and delivery of this Agreement, and the performance by it of this Agreement and the Credit Agreement as amended hereby, (i) have been duly authorized by all necessary action on the part of such Loan Party and (ii) do not and will not (A) violate any material provision of federal, state, or local law or regulation applicable to such Loan Party or its Subsidiaries, the Governing Documents of such Loan Party or its Subsidiaries, or any order, judgment, or decree of any court or other Governmental Authority binding on such Loan Party or its Subsidiaries, (B) conflict with, result in a breach of, or constitute (with due notice or lapse of time or both) a default under any Material Contract of such Loan Party or its Subsidiaries where any such conflict, breach or default could individually or in the aggregate reasonably be expected to have a Material Adverse Effect, (C) result in or require the creation or imposition of any Lien of any nature whatsoever upon any assets of such Loan Party, other than Permitted Liens, (D) require any approval of any holder of Equity Interests of such Loan Party or any approval or consent of any Person under any material agreement of any Loan Party, other than consents or approvals that have been obtained and that are still in force and effect and except, in the case of material agreements, for consents or approvals, the failure of which to obtain could not individually or in the aggregate reasonably be expected to cause a Material Adverse Effect, or (E) require any registration with, consent, or approval of, or notice to or other action with or by, any Governmental Authority, other than registrations, consents, approvals, notices, or other actions that have been obtained and that are still in force and effect;
(c)this Agreement and the Credit Agreement as amended hereby are the legally valid and binding obligations of such Loan Party, enforceable against such Loan Party in accordance with their respective terms, except as enforcement may be limited by equitable principles or by bankruptcy, insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’ rights generally; and
(d)the representations and warranties contained in Section 4 of the Credit Agreement are true and correct in all material respects, in each case, with the same effect as though such representations and warranties had been made on and as of the Fifth Amendment Effective Date; provided that in the case of any representation or warranty that expressly relates to a given date or period, such representation and warranty shall be true and correct in all material respects as of the respective date or for the respective period, as the case may be; provided, further, that if any of the representations are qualified by or subject to a “material adverse effect”, “material adverse change” or similar term or qualification, such representations shall be true and correct in all respects.
4.Choice of Law and Venue; Jury Trial Waiver.  THE VALIDITY OF THIS AGREEMENT, THE CONSTRUCTION, INTERPRETATION, AND ENFORCEMENT HEREOF, THE RIGHTS OF THE PARTIES HERETO WITH RESPECT TO ALL MATTERS ARISING HEREUNDER OR RELATED HERETO, AND ANY CLAIMS, CONTROVERSIES 

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OR DISPUTES ARISING HEREUNDER OR RELATED HERETO SHALL BE DETERMINED UNDER, GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. THIS AGREEMENT SHALL BE SUBJECT TO THE PROVISIONS REGARDING VENUE AND JURY TRIAL WAIVER SET FORTH IN SECTION 12 OF THE CREDIT AGREEMENT, AND SUCH PROVISIONS ARE INCORPORATED HEREIN BY THIS REFERENCE, MUTATIS MUTANDIS.
5.Binding Effect.  This Agreement shall be binding upon each Loan Party and shall inure to the benefit of the Agent and the Lenders.
6.Effect on Loan Documents; Ratification.
(a)Except as expressly amended or otherwise modified hereby, the Credit Agreement and all documents, instruments and agreements related thereto, including, but not limited to, the other Loan Documents, and the grant by each of the Grantors (as defined in the Guaranty and Security Agreement) to the Agent, for the benefit of each member of the Lender Group, of a continuing security interest in any and all right, title and interest of each Grantor in and to all of the Collateral (as defined in the Guaranty and Security Agreement), are hereby ratified and confirmed in all respects and shall continue in full force and effect.  No amendment, consent or waiver herein granted or agreement herein made shall extend beyond the terms expressly set forth herein for such amendment, consent, waiver or agreement, as the case may be, nor shall anything contained herein be deemed to imply any willingness of the Agent or the Lenders to agree to, or otherwise prejudice any rights of the Agent or the Lenders with respect to, any similar amendments, consents, waivers or agreements that may be requested for any future period, and this Agreement shall not be construed as a waiver of any other provision of the Loan Documents or to permit any Borrower or any other Loan Party to take any other action which is prohibited by the terms of the Credit Agreement and the other Loan Documents.  Each Loan Party hereby ratifies and reaffirms the validity and enforceability of all of the Liens and security interests heretofore granted and pledged by such Loan Party pursuant to the Loan Documents to the Agent, on behalf and for the benefit of the Lender Group, as collateral security for the Obligations, and acknowledges that all of such Liens and security interests, and all Collateral heretofore granted, pledged or otherwise created as security for the Obligations continue to be and remain collateral security for the Obligations from and after the date hereof.  Each of the Guarantors hereby acknowledges and consents to this Agreement and agrees that the Guaranty and Security Agreement and all other Loan Documents to which such Guarantor is a party remain in full force and effect, and each of the Guarantors confirms and ratifies all of its Obligations thereunder.
(b)Each reference in the Credit Agreement or any other Loan Document to this “Agreement”, “hereunder”, “herein”, “hereof”, “thereunder”, “therein”, “thereof”, or words of like import referring to the Credit Agreement or any other Loan Document shall mean and refer to such agreement as supplemented by this Agreement.
7.Release. 
(a)In consideration of the agreements of the Lenders and Agent contained herein and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, each Loan Party, on behalf of itself and its successors, assigns, and other legal 

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representatives, hereby absolutely, unconditionally and irrevocably releases, remises and forever discharges Agent and each of the Lenders, their respective successors and assigns, and their respective direct and indirect owners, partners, members, managers, consultants, affiliates, subsidiaries, divisions, predecessors, directors, officers, attorneys, employees, agents and other representatives, and all persons acting by, through, under or in concert with any of them (Agent, the Lenders and all such other Persons being hereinafter referred to collectively as the “Releasees” and individually as a “Releasee”) of and from all demands, actions, causes of action, suits, covenants, contracts, controversies, agreements, promises, sums of money, accounts, bills, reckonings, damages and any and all other claims, counterclaims, defenses, recoupment, rights of setoff, demands and liabilities whatsoever (individually, a “Claim” and collectively, “Claims”) of every name and nature, known or unknown, contingent or mature, suspected or unsuspected, both at law and in equity, which any Loan Party or any of its respective successors, assigns, or other legal representatives may now or hereafter own, hold, have or claim to have against the Releasees or any of them for, upon, or by reason of any circumstance, action, cause or thing whatsoever which arises at any time on or prior to the day and date of this Agreement, including, without limitation, for or on account of, or in relation to, or in any way in connection with this Agreement or any of the other Loan Documents or transactions thereunder or related thereto.
(b)Each Loan Party understands, acknowledges and agrees that the release set forth above may be pleaded as a full and complete defense and may be used as a basis for an injunction against any action, suit or other proceeding which may be instituted, prosecuted or attempted in breach of the provisions of such release.
(c)Each Loan Party agrees that no fact, event, circumstance, evidence or transaction which could now be asserted or which may hereafter be discovered shall affect in any manner the final, absolute and unconditional nature of the release set forth above.
(d)In entering into this Agreement, each Loan Party has consulted with, and has been represented by, legal counsel and expressly disclaims any reliance on any representations, acts or omissions by any of the Releasees and hereby agrees and acknowledges that the validity and effectiveness of the release set forth above does not depend in any way on any such representations, acts and/or omissions or the accuracy, completeness or validity hereof.  The release set forth herein shall survive the termination of this Agreement and the Loan Documents and the payment in full of the Obligations.
(e)Each Loan Party acknowledges and agrees that the release set forth above may not be changed, amended, waived, discharged or terminated orally.
8.Miscellaneous.
(a)This Agreement is a Loan Document.  This Agreement may be executed in any number of counterparts and by different parties on separate counterparts, each of which, when executed and delivered, shall be deemed to be an original, and all of which, taken together, shall constitute but one and the same Agreement.  Delivery of an executed counterpart of this Agreement by telefacsimile or other electronic method of transmission shall be equally effective as delivery of an original executed counterpart of this Agreement.  Any party delivering an executed counterpart of this Agreement by telefacsimile or other electronic method of transmission also 

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shall deliver an original executed counterpart of this Agreement but the failure to deliver an original executed counterpart shall not affect the validity, enforceability, and binding effect of this Agreement.
(b)Any provision of this Agreement which is prohibited or unenforceable shall be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof in that jurisdiction or affecting the validity or enforceability of such provision in any other jurisdiction.  Each provision of this Agreement shall be severable from every other provision of this Agreement for the purpose of determining the legal enforceability of any specific provision.
(c)Headings and numbers have been set forth herein for convenience only.  Unless the contrary is compelled by the context, everything contained in each Section applies equally to this entire Agreement.
(d)Neither this Agreement nor any uncertainty or ambiguity herein shall be construed against any member of the Lender Group or any Loan Party, whether under any rule of construction or otherwise.  This Agreement has been reviewed by all parties and shall be construed and interpreted according to the ordinary meaning of the words used so as to accomplish fairly the purposes and intentions of all parties hereto.
(e)The pronouns used herein shall include, when appropriate, either gender and both singular and plural, and the grammatical construction of sentences shall conform thereto.
(f)This Agreement shall be subject to the rules of construction set forth in Section 1.4 of the Credit Agreement, and such rules of construction are incorporated herein by this reference, mutatis mutandis.
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IN WITNESS WHEREOF, each Loan Party and the Lenders have caused this Agreement to be duly executed by its authorized officer as of the day and year first above written.
	BORROWERS:
	INDEPENDENCE CONTRACT DRILLING, INC., a Delaware corporation
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By: /s/ Philip A. Choyce
Name:  Philip A. Choyce
Title:  EVP & CFO

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	SIDEWINDER DRILLING LLC (formerly named ICD Operating LLC), a Delaware limited liability company
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By: /s/ Philip A. Choyce 
Name: Philip A. Choyce
Title: EVP & CFO

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{Fifth Amendment to ICD Credit Agreement]
DB1/ 124475352.3
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	LENDERS:
	MSD PCOF PARTNERS IV, LLC

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	By:​ ​​ ​/s Marcello Liguori​ ​​ ​
Name: Marcello Liguori

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	Title:  Vice President

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[Fifth Amendment to ICD Credit Agreement]
DB1/ 124475352.3
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