Document:

Exhibit 4.2

 

FORM OF REGISTRATION RIGHTS
AGREEMENT

 

by and among

 

Sovos Brands,
Inc.

 

and

 

the other parties
hereto

 

[●], 2021

 

    

     

    

 

TABLE OF CONTENTS

 

	Section 1.	Certain Definitions	1
	 	 	 
	Section 2.	Registration Rights	5
	 	 	 
	 	2.1.	Demand Registrations	5
	 	2.2.	Piggyback Registrations.	8
	 	2.3.	Holdback Agreements	9
	 	2.4. 	Registration Procedures	10
	 	2.5.	Registration Expenses.	15
	 	2.6.	No Required Sale	15
	 	2.7.	Indemnification	16
	 	2.8.	Participation in Underwritten Registrations	19
	 	2.9.	No Inconsistent Agreements	19
	 	2.10.	Adjustments Affecting Registrable Securities	19
	 	 	 
	Section 3.	General	19
	 	 	 
	 	3.1.	 Rule 144 and Rule 144A	19
	 	3.2.	Nominees for Beneficial Owners	20
	 	3.3.	Amendments and Waivers	20
	 	3.4. 	Notices	20
	 	3.5. 	Successors and Assigns	21
	 	3.6.	Entire Agreement	21
	 	3.7.	Governing Law; Submission to Jurisdiction; Waiver
    of Jury Trial	21
	 	3.8.	Interpretation; Construction	22
	 	3.9. 	Counterparts	22
	 	3.10.	Severability	22
	 	3.11.	Remedies	23
	 	3.12. 	Further Assurances	23
	 	3.13.	Confidentiality	23
	 	3.14. 	Termination and Effect of Termination	25

 

Exhibit A - Joinder

 

    i

     

    

 

This REGISTRATION RIGHTS AGREEMENT
(this “Agreement”), is made as of [●], 2021, by and among (i) Sovos Brands, Inc., a Delaware corporation (the
 “Company”), and (iii) each of the Persons listed on the signature pages hereto (each a “Holder”,
and collectively the “Holders”).

 

W I T N E S S E T H:

 

WHEREAS, the Holders own Registrable
Securities;

 

WHEREAS, as of the date hereof,
payment has been made by certain underwriters for the initial public offering of shares of Common Stock (“IPO”); and

 

WHEREAS, in connection with
the IPO, the parties desire to set forth certain registration rights applicable to the Registrable Securities.

 

NOW, THEREFORE, in consideration
of the premises and of the mutual covenants and obligations hereinafter set forth, and for other good and valuable consideration the receipt
and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows:

 

Section 1.               
Certain Definitions. As used herein, the following terms shall have the following meanings:

 

“Affiliate”
means with respect to any Person, any other Person directly or indirectly controlling or controlled by or under direct or indirect common
control with such specified Person, where “control” means the possession, directly or indirectly, of the power to direct the
management and policies of a Person whether through the ownership of voting securities, contract or otherwise. For the avoidance of doubt,
neither the Company nor any Person controlled by the Company shall be deemed to be an Affiliate of any Holder.

 

“Agreement”
means this Registration Rights Agreement, as this agreement may be amended, modified, supplemented or restated from time to time after
the date hereof.

 

“Beneficial Ownership”
shall mean, with respect to a specified Person, the ownership of securities as determined in accordance with Rule 13d-3 of the Exchange
Act, as such Rule is in effect from time to time. The terms “Beneficially Own” and “Beneficial Owner”
shall have a correlative meaning.

 

“Block Trade”
means an offering and/or sale of Registrable Securities by one or more of the Holders on a block trade or underwritten basis (whether
firm commitment or otherwise) without substantial marketing efforts prior to pricing, including, without limitation, a same day trade,
overnight trade or similar transaction.

 

“Business Day”
shall mean a day other than a Saturday, Sunday, or federal holiday or other day on which commercial banks in the City of New York are
authorized or required by law or other governmental action to close.

 

“Claims”
has the meaning ascribed to such term in Section 2.7(a).

 

     

     

    

 

“Common Stock”
shall mean the shares of Common Stock, $0.001 par value per share, of the Company, and any and all securities of any kind whatsoever which
may be issued after the date hereof in respect of, or in exchange for, such shares of common stock of the Company pursuant to a merger,
consolidation, stock split, stock dividend or recapitalization of the Company or otherwise.

 

“Common Stock Equivalents”
means all options, warrants and other securities convertible into, or exchangeable or exercisable for (at any time or upon the occurrence
of any event or contingency and without regard to any vesting or other conditions to which such securities may be subject) shares of capital
stock or other equity securities of such Person (including, without limitation, any note or debt security convertible into or exchangeable
for shares of capital stock or other equity securities of such Person).

 

“Demand Exercise
Notice” has the meaning ascribed to such term in Section 2.1(a).

 

“Demand Registration”
has the meaning ascribed to such term in Section 2.1(a).

 

“Demand Registration
Request” has the meaning ascribed to such term in Section 2.1(a).

 

“Exchange Act”
means the Securities Exchange Act of 1934, as amended, and the rules and regulations of the SEC issued under such Act, as they may from
time to time be in effect.

 

“Expenses”
means any and all fees and expenses incident to the Company’s performance of or compliance with Article 2, including, without limitation:
(i) SEC, stock exchange or FINRA, and all other registration and filing fees and all listing fees and fees with respect to the inclusion
of securities on the Nasdaq Global Select Market or on any other securities market on which the Common Stock is listed or quoted, (ii)
fees and expenses of compliance with state securities or “blue sky” laws of any state or jurisdiction of the United States
or compliance with the securities laws of foreign jurisdictions and in connection with the preparation of a “blue sky” survey,
including, without limitation, reasonable fees and expenses of outside “blue sky” counsel and securities counsel in foreign
jurisdictions, (iii) word processing, printing and copying expenses, (iv) messenger and delivery expenses, (v) expenses incurred in connection
with any road show, (vi) fees and disbursements of counsel for the Company, (vii) with respect to each registration or underwritten offering,
the reasonable fees and disbursements of one counsel for the Participating Holder(s) (selected by the Majority Participating Holders),
(viii) fees and disbursements of all independent public accountants (including the expenses of any audit and/or comfort letter and updates
thereof) and fees and expenses of other Persons, including special experts, retained by the Company, (ix) fees and expenses payable to
any Qualified Independent Underwriter, (x) any other fees and disbursements of underwriters, if any, customarily paid by issuers or sellers
of securities, including reasonable fees and expenses of counsel for the underwriters in connection with any filing with or review by
FINRA (excluding, for the avoidance of doubt, any underwriting discount, commissions, or spread), (xi) fees and expenses of any transfer
agent or custodian and (xii) expenses for securities law liability insurance and any rating agency fees.

 

“Family
Member” means, with respect to any Person who is an individual, any spouse, parent, siblings or lineal descendants of such
Person (including adoptive relationships) and any trust or other estate planning vehicle over which such Person has Control
established for the benefit of such Person and/or such Person’s spouse and/or such Person’s descendants (by birth or
adoption), parents, siblings or dependents.

 

    2 

     

    

 

“FINRA”
means the Financial Industry Regulatory Authority, Inc.

 

“Holder(s)”
means (1) any Person who is a signatory to this Agreement, or (2) any Permitted Transferee to whom any Person who is a signatory to this
Agreement shall assign or transfer any rights hereunder; provided that in the case of clause (2), such Person or such transferee,
as applicable, has executed and delivered to the Company a joinder agreement in the form of Exhibit A hereto, and has thereby agreed
in writing to be bound by this Agreement in respect of such Registrable Securities.

 

“Incidental Registration
Notice” has the meaning ascribed to such term in Section 2.2(a).

 

“Initiating Holder(s)”
has the meaning ascribed to such term in Section 2.1(a).

 

“IPO” has
the meaning ascribed to such term in the Preamble.

 

“Law” means
any law (including common law), statute, code, ordinance rule or regulation of any governmental entity.

 

“Litigation”
means any action, proceeding or investigation in any court or before any governmental authority.

 

“Lock-Up Agreement”
means any agreement entered into by a Holder that provides for restrictions on the transfer of Registrable Securities held by such Holder.

 

“Long Form Registrations”
has the meaning ascribed to such term in Section 2.1(a).

 

“Majority Participating
Holders” means Participating Holders holding more than 50% of the Registrable Securities proposed to be included in any offering
of Registrable Securities by such Participating Holders pursuant to Section 2.1 or Section 2.2.

 

“Market Standoff
Period” has the meaning ascribed to such term in Section 2.3(a).

 

“Opt-Out Request”
has the meaning ascribed to such term in Section 3.13(c).

 

“Participating Holders”
means all Holders of Registrable Securities which are proposed to be included in any offering of Registrable Securities pursuant to Section
2.1 or Section 2.2.

 

“Permitted Transferee”
(a) in the case of a Holder who is an individual, (i) any executor, administrator or testamentary trustee of such Holder’s estate
if such Holder dies, (ii) any Person receiving Registerable Securities of such Holder by will, intestacy laws or the laws of descent or
survivorship, or (iii) any trustee of a trust (including an inter vivos trust) of which there are no principal beneficiaries other than
such Holder or one or more Family Members of such Limited Partner over which such Limited Partner has Control and (b) in the case of a
Holder that is not an individual, its Affiliates, its limited partners, and its limited liability company members.

 

    3 

     

    

 

“Person”
means any individual, corporation (including not for profit), general or limited partnership, limited liability company, joint venture,
estate, trust, association, joint-stock company, unincorporated organization, governmental entity or agency or other entity of any kind
or nature.

 

“Piggyback Registration”
has the meaning ascribed to such term in Section 2.2(a).

 

“Policies”
has the meaning ascribed to such term in Section 3.13(b).

 

“Qualified Independent
Underwriter” means a “qualified independent underwriter” within the meaning of FINRA Rule 5121.

 

“Registrable Securities”
means (a) any shares of Common Stock held by the Holders at any time (including those held as a result of, or issuable upon, the conversion
or exercise of Common Stock Equivalents), whether now owned or acquired by the Holders at a later time, (b) any shares of Common Stock
issued or issuable, directly or indirectly, in exchange for or with respect to the Common Stock referenced in clause (a) above by way
of stock dividend, stock split or combination of shares in connection with a reclassification, recapitalization, merger, share exchange,
consolidation or other reorganization and (c) any securities issued in replacement of or exchange for any securities described in clause
(a) or (b) above. As to any particular Registrable Securities, such securities shall cease to be Registrable Securities when (A) a registration
statement with respect to the sale of such securities shall have been declared effective under the Securities Act and such securities
shall have been disposed of in accordance with such registration statement, (B) such securities are able to be immediately sold pursuant
to Rule 144 without restrictions as to volume limitations and (C) such securities are otherwise transferred or sold, the Company has delivered
a new certificate or other evidence of ownership for such securities not bearing a legend and such securities may be resold without subsequent
registration under the Securities Act.

 

“Rule 144”
and “Rule 144A” have the meaning ascribed to such term in Section 3.1.

 

“SEC” means
the Securities and Exchange Commission or such other federal agency which at such time administers the Securities Act.

 

“Section 3.13 Representatives”
has the meaning ascribed to such term in Section 3.13(b).

 

“Securities Act”
means the Securities Act of 1933, as amended, and the rules and regulations of the SEC issued under such Act, as they may from time to
time be in effect.

 

“Shelf Offering”
has the meaning ascribed to such term in Section 2.1(c)(ii).

 

“Shelf Registration
Statement” means a shelf registration statement filed under Rule 415 of the Securities Act.

 

“Short Form Registrations”
has the meaning ascribed to such term in Section 2.1(a).

 

“Subsidiary”
means any direct or indirect subsidiary of the Company on the date hereof and any direct or indirect subsidiary of the Company organized
or acquired after the date hereof.

 

    4 

     

    

 

“Sponsor Stockholders”
means the entities set forth on Schedule I hereto and any of their respective Affiliates or any related fund entities or employees
and any of their respective Permitted Transferees (in each case, who own, from time to time, Common Stock).

 

“Take-Down Notice”
has the meaning ascribed to such term in Section 2.1(c)(ii).

 

Section 2.               
Registration Rights.

 

2.1.           
Demand Registrations.

 

(a)            
Demand Registrations Generally. This Section 2.1 sets forth the terms pursuant to which a Sponsor Stockholder may
request registration under the Securities Act of all or any portion of the Registrable Securities held by such Sponsor Stockholder on
Form S-1 or any similar long form registration (“Long Form Registration”), and on Form S-3 or any similar short form
registration (“Short Form Registration”), if available. All registrations requested pursuant to this Section 2.1
are referred to herein as “Demand Registrations.” If the Company shall receive from (i) a Sponsor Stockholder at any
time after the closing of the IPO or (ii) any other Holder or group of Holders holding Registrable Securities at any time beginning on
the first (1st) anniversary of the closing of the IPO, a written request that the Company file a registration statement with respect to
all or a portion of the Registrable Securities (a “Demand Registration Request,”) and the sender(s) of such request
pursuant to this Agreement shall be known as the “Initiating Holder(s)”), then the Company shall, within ten (10) Business
Days of the receipt thereof, give written notice (the “Demand Exercise Notice”) of such request to all other Holders,
and, subject to the limitations of this Section 2.1, use its reasonable best efforts to effect, as soon as practicable, the registration
under the Securities Act (including, without limitation, by means of a Shelf Registration Statement thereunder if so requested and if
the Company is then eligible to use such a registration) of all Registrable Securities that the Holders request to be registered. Each
request for a Demand Registration shall specify the approximate number of Registrable Securities requested to be registered.

 

(b)            
Long Form Registrations. At any time that the Company is not legally eligible to file a registration statement with the
SEC on Form S-3 or any similar short form registration statement, each Sponsor Stockholder or a group of Sponsor Stockholders shall be
entitled to request an unlimited amount of Long Form Registrations subject to Section 2.1(e), the Company shall effect such Long
Form Registrations pursuant to Section 2.4 and the Company shall pay all Expenses in connection with such Long Form Registrations.

 

(c)            Short
Form Registrations.

 

(i)       In
addition to the Long Form Registrations provided pursuant to Section 2.1(b), each Sponsor Stockholder or a group of Sponsor
Stockholders shall be entitled to request an unlimited number of Short Form Registrations, the Company shall effect such Short Form
Registrations pursuant to Section 2.4 and the Company shall pay all Expenses in connection with any such Short Form
Registration that covers Registrable Securities with a value of at least $5,000,000. The Company shall use its best efforts to make
Short Form Registrations on Form S-3 available for the sale of Registrable Securities and if Short Form Registrations on Form S-3
are available for the sale of Registerable Securities, each Sponsor Stockholder may only request registration on Form S-3.

 

    5 

     

    

 

(ii)       At
any time that any Short Form Registration is effective, if any Holder or group of Holders holding Registrable Securities delivers a notice
to the Company (a “Take-Down Notice”) stating that it intends to effect an underwritten offering or distribution of
all or part of its Registrable Securities included by it on any Short Form Registration (a “Shelf Offering”) and stating
the number of the Registrable Securities to be included in the Shelf Offering, then the Company shall amend or supplement the Short Form
Registration as may be necessary in order to enable such Registrable Securities to be distributed pursuant to the Shelf Offering (taking
into account the inclusion of Registrable Securities by any other Holders thereof pursuant to this Section 2.1(c)(ii)). In connection
with any Shelf Offering, the Company shall, promptly after receipt of a Take-Down Notice, deliver such notice to all other Holders of
Registrable Securities included in any Short Form Registration and permit each Holder to include its Registrable Securities included on
a Short Form Registration in the Shelf Offering if such Holder notifies the proposing Holders and the Company within 2 Business Days after
delivery of the Take-Down Notice to such Holder, and in the event that the managing underwriter advises the Holders of such securities
in writing that in its or their view the total number or dollar amount of Registrable Securities proposed to be sold in such offering
is such as to adversely affect the success of such offering (including, without limitation, securities proposed to be included by other
Holders of securities entitled to include securities in such offering pursuant to piggyback registration rights described in Section
2.2 hereof), the managing underwriter may limit the number of shares which would otherwise be included in such Shelf Offering in the
same manner as is described in Section 2.1(d).

 

(iii) Notwithstanding the foregoing,
if any Sponsor Stockholder wishes to engage in a Block Trade off of a Shelf Registration Statement on Form S-3 (either through filing
an automatic shelf registration statement or through a take-down from an already existing Shelf Registration Statement), then notwithstanding
the foregoing time periods, the Initiating Holder only needs to notify the Company of the Block Trade on the day such offering is to commence
and the Company shall notify the other Holders that did not initiate the Block Trade. The Holders must elect whether or not to participate
in such Block Trade on the day such offering is to commence, and the Company shall as expeditiously as possible use its reasonable best
efforts (including co-operating with such Holders with respect to the provision of necessary information) to facilitate such Block Trade
(which may close as early as two (2) Business Days after the date it commences), provided, that in the case of such Block Trade, only
Sponsor Stockholders shall have a right to notice and to participate, and provided, further, that the Sponsor Stockholder requesting such
Block Trade shall use commercially reasonable efforts to work with the Company and the underwriters prior to making such request in order
to facilitate preparation of offering documents related to the Block Trade. For the avoidance of doubt, Holders other than the Sponsor
Stockholders shall not be entitled to receive notice of, or to elect to participate in, a Block Trade or any Shelf Registration Statement
or prospectus to be used in connection with such Block Trade.

 

(d)            Demand
Registration Priority. The Company shall not include in any Demand Registration any securities which are not Registrable
Securities without the prior written consent of the Majority Participating Holders included in such registration. If a Demand
Registration is an underwritten offering and the managing underwriters advise the Company in writing that, in their opinion, the
number of Registrable Securities and, if permitted hereunder, other securities requested to be included in such offering exceeds the
number of Registrable Securities and other securities, if any, which can be sold in an orderly manner in such offering within a
price range acceptable to the Majority Participating Holders to be included in such registration therein, without adversely
affecting the marketability of the offering, the Company shall include in such registration prior to the inclusion of any securities
which are not Registrable Securities (i) first, the number of Registrable Securities requested to be included which in the opinion
of such underwriters can be sold in an orderly manner within the price range of such offering, pro rata among the respective Holders
thereof on the basis of the number of Registrable Securities requested to be included therein by each such Holder, and (ii) second,
any other securities with respect to which the Company has granted registration rights in accordance with Section 2.1(g)
hereof requested to be included in such registration, pro rata among the respective Holders thereof on the basis of the amount of
such securities requested to be included therein by each such Holder. Without the consent of the Company and the Majority
Participating Holders included in such registration, any Persons other than Holders of Registrable Securities who participate in
Demand Registrations which are not at the Company’s expense must pay their share of the Expenses as provided in Section
2.5 hereof.

 

    6 

     

    

 

 

 

(e)       Restrictions
on Demand Registrations. The Company shall not be obligated to effect any Demand Registration (i) within thirty (30) days after
a Demand Registration pursuant to this Section 2.1 that has been declared or ordered effective, (ii) during the period any
applicable restrictions are still in effect pursuant to any Lock-Up Agreement that has not been waived (or is not reasonably
expected to be waived) by the underwriters party thereto, (iii) if the Company shall furnish to such Holders a certificate signed by
the Chief Executive Officer of the Company stating that in the good faith judgment of the Board (after consultation with external
legal counsel), any registration of Registrable Securities should not be made or continued (or sales under a Shelf Registration
Statement should be suspended) because (i) such registration (or continued sales under a Shelf Registration Statement) would
materially and adversely interfere with any existing or potential material financing, acquisition, corporate reorganization or
merger or other material transaction or event involving the Company or any of its subsidiaries or (ii) the Company is in possession
of material non-public information, the premature disclosure of which has been determined by the Board to not be in the
Company’s best interests (in either case, a “Valid Business Reason”) then (x) the Company may postpone filing a
registration statement relating to a Demand Registration Request or suspend sales under an existing Shelf Registration Statement
until five Business Days after such Valid Business Reason no longer exists, but in no event for more than 60 days after the date the
Board determines a Valid Business Reason exists and (y) in the case a registration statement has been filed relating to a Demand
Registration Request, if the Valid Business Reason has not resulted from actions taken by the Company, the Company may cause such
registration statement to be withdrawn and its effectiveness terminated or may postpone amending or supplementing such registration
statement until five Business Days after such Valid Business Reason no longer exists, but in no event for more than 60 days after
the date the Board determines a Valid Business Reason exists; and the Company shall give written notice to the Participating Holders
of its determination to postpone or withdraw a registration statement or suspend sales under a Shelf Registration Statement and of
the fact that the Valid Business Reason for such postponement, withdrawal or suspension no longer exists, in each case, promptly
after the occurrence thereof; provided, however, that the Company shall not defer its obligation in this manner for more than (A) 60
days in any 90 day period or (B) for periods exceeding, in the aggregate, 90 days in any 12 month period, or (z) in the case of a
Demand Registration, consisting of a Long Form Registration, within 180 days after the effective date of a previous Long Form
Registration or a previous registration in which the Holders of Registrable Securities were given piggyback rights pursuant to Section
2.2 and in which at least 75% of the number of Registrable Securities requested to be included by the Holders were included in
such registration. In the event the Company gives written notice of a Valid Business Reason, the Holders of Registrable Securities
initially requesting such Demand Registration shall be entitled to withdraw such request and, if such request is withdrawn, such
Demand Registration shall not be treated as one of the permitted Demand Registrations hereunder and the Company shall pay all
Expenses in connection with such registration. Notwithstanding the foregoing, the Company may postpone a Demand Registration
hereunder only twice in any twelve-month period.

 

If the Company shall give
any notice of postponement, withdrawal or suspension of any registration statement pursuant to clause (iv) of this Section 2.1(e), the
Company shall not, during the period of postponement, withdrawal or suspension, register any Common Stock, other than pursuant to a registration
statement on Form S-4 or S-8 (or an equivalent registration form then in effect). Each Holder of Registrable Securities agrees that, upon
receipt of any notice from the Company that the Company has determined to withdraw any registration statement pursuant to clause (iv)
of this Section 2.1(e), such Holder will discontinue its disposition of Registrable Securities pursuant to such registration statement
and, if so directed by the Company, will deliver to the Company (at the Company’s expense) all copies, other than permanent file
copies, then in such Holder’s possession of the prospectus covering such Registrable Securities that was in effect at the time of
receipt of such notice. If the Company shall have withdrawn or prematurely terminated a registration statement filed pursuant to a Demand
Registration (whether pursuant to clause (iv) of this Section 2.1(e) or as a result of any stop order, injunction or other order or requirement
of the SEC or any other governmental agency or court), the Company shall not be considered to have effected an effective registration
for the purposes of this Agreement until the Company shall have filed a new registration statement covering the Registrable Securities
covered by the withdrawn registration statement and such registration statement shall have been declared effective and shall not have
been withdrawn. If the Company shall give any notice of withdrawal or postponement of a registration statement, the Company shall, not
later than five Business Days after the Valid Business Reason that caused such withdrawal or postponement no longer exists (but in no
event later than 60 days after the date of the postponement or withdrawal), use its reasonable best efforts to effect the registration
under the Securities Act of the Registrable Securities covered by the withdrawn or postponed registration statement in accordance with
Section 2.1 (unless the Initiating Holders shall have withdrawn such request, in which case the Company shall not be considered to have
effected an effective registration for the purposes of this Agreement), and such registration shall not be withdrawn or postponed pursuant
to clause (iv) of this Section 2.1(c).

 

    7

     

    

 

(f)       Selection
of Underwriters. The Initiating Holder(s) shall have the right to select the investment banker(s), manager(s) and legal counsel to
administer the offering.

 

(g)       Other
Registration Rights. From and after the date of this Agreement, the Company shall not, without the prior written consent of Holders
that hold or Beneficially Own more than 50% of the Registrable Securities, enter into any agreement with any holder or prospective holder
of any securities of the Company giving such holder or prospective holder any registration rights the terms of which are more favorable
taken as a whole than the registration rights granted to the Holders hereunder unless the Company shall also give such rights to such
Holders.

 

2.2.           
Piggyback Registrations.

 

(a)            
Piggyback Rights. If the Company at any time proposes to file a registration statement with respect to any offering of its
securities for its own account or for the account of any Person who holds its securities (other than (i) a registration on Form S-4 or
S-8 or any successor form to such forms, (ii) a registration of securities solely relating to an offering and sale to employees, directors
or consultants of the Company pursuant to any employee stock plan or other employee benefit plan arrangement, (iii) a registration of
non-convertible debt securities, or (iv) any Demand Registration made pursuant to Section 2.1(a) or Section 2.1(b) herein)
(a “Piggyback Registration”) then, as expeditiously as reasonably possible (but in no event less than ten (10) days
following the date of filing such registration statement), the Company shall give written notice (the “Incidental Registration
Notice”) of such proposed filing to all Holders of Registrable Securities, and such notice shall offer the Holder the opportunity
to register such number of Registrable Securities as each such Holder may request in writing. Subject to Section 2.2(c) and Section
2.2(d), the Company shall include in such registration statement all such Registrable Securities which are requested to be included
therein within fifteen (15) days after the Incidental Registration Notice is given to such Holders.

 

(b)           
Priority on Primary Registrations. If a Piggyback Registration is an underwritten primary registration on behalf of the
Company, and the managing underwriters advise the Company in writing that in their opinion the number of securities requested to be included
in such registration exceeds the number which can be sold in an orderly manner in such offering within a price range acceptable to the
Company, the Company shall include, after including all of the primary securities the Company desires to include in such registration,
(i) first, the number of Registrable Securities requested to be included which in the opinion of such underwriters can be sold in an
orderly manner within the price range of such offering, pro rata among the respective Holders thereof on the basis of the number of Registrable
Securities requested to be included therein by each such Holder, and (ii) second, other securities with respect to which the Company
has granted registration rights in accordance with Section 2.1(g) hereof requested to be included in such registration, pro rata
among the respective Holders thereof on the basis of the amount of such securities requested to be included therein by each such Holder.

 

    8

     

    

 

(c)            Priority
on Secondary Registrations. If a Piggyback Registration is an underwritten secondary registration on behalf of Holders of the
Company’s securities, and the managing underwriters advise the Company in writing that in their opinion the number of
securities requested to be included in such registration exceeds the number which can be sold in an orderly manner in such offering
within a price range acceptable to the consent of the Majority Participating Holders to be included in such registration, the
Company shall include in such registration (i) first, the securities requested to be included therein by the Holders requesting such
registration and the Registrable Securities requested to be included in such registration, pro rata among the Holders of such
securities and such Registrable Securities on the basis of the number of shares requested to be included therein by each such
Holder, and (ii) second, other securities with respect to which the Company has granted registration rights in accordance with Section
2.1(g) hereof requested to be included in such registration, pro rata among the respective Holders thereof on the basis of the
amount of such securities requested to be included therein by each such Holder.

 

(d)           
Selection of Underwriters. If any Piggyback Registration is an underwritten secondary offering on behalf of the Holders
of the Company’s securities, the selection of investment banker(s) and manager(s) for the offering must be approved in writing by
the Sponsor Stockholders.

 

(e)            
Other Registrations. If the Company has previously filed a registration statement with respect to Registrable Securities
pursuant to Section 2.1 or pursuant to this Section 2.2, and if such previous registration has not been withdrawn or abandoned
or all shares offered thereunder have been sold, the Company shall not file or cause to be effected any other registration of any of its
equity securities or securities convertible or exchangeable into or exercisable for its equity securities under the Securities Act (except
on Form S-8 or any successor form), whether on its own behalf or at the request of any Holder or Holders of such securities, until a period
of at least 180 days has elapsed from the effective date of such previous registration.

 

2.3.           
Holdback Agreements.

 

(a)            Each
Holder agrees not to offer, sell, contract to sell, pledge or otherwise dispose of, directly or indirectly, any equity securities of
the Company, or any securities convertible into or exchangeable or exercisable for such securities, enter into a transaction which
would have the same effect or would otherwise effect a public sale or distribution (including sales pursuant to Rule 144), or enter
into any swap, hedge or other arrangement that transfers, in whole or in part, any of the economic consequences of ownership of such
securities, whether any such aforementioned transaction is to be settled by delivery of such securities or other securities, in cash
or otherwise, or publicly disclose the intention to make any such offer, sale, pledge or disposition, or to enter into any such
transaction, swap, hedge or other arrangement, in each case during the period beginning seven days before and ending 90 days after
the effective date of any underwritten public offering of any equity securities of the Company (including Demand and Piggyback
Registrations) (or such longer or shorter period (but not ending later than 180 days after effectiveness) as may be requested in
writing by the managing underwriter and agreed to in writing by the Company) (the “Market Standoff Period”),
except as part of such underwritten registration if otherwise permitted, unless the underwriters managing the underwritten public
offering otherwise agree and such agreement permits all Holders of Registrable Securities to sell such securities on a pro rata
basis. In addition, each Holder of Registrable Securities agrees to execute any further letters, agreements and/or other documents
reasonably requested by the Company or its underwriters which are consistent with the terms of this Section 2.3(a). The
Company may impose stop-transfer instructions with respect to securities subject to the foregoing restrictions until the end of such
Market Standoff Period.

 

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(b)            
The Company (i) shall not effect any public sale or distribution of its equity securities, or any securities convertible into or
exchangeable or exercisable for such equity securities, during the period beginning seven days before and ending 180 days after the effective
date of any underwritten public offering of the Company’s equity securities (including Demand and Piggyback Registrations) (except
as part of such underwritten registration or pursuant to registrations on Form S-4 or S-8 or any successor form), unless the underwriters
managing the registered public offering otherwise agree, and (ii) shall cause each Holder of its equity securities, or any securities
convertible into or exchangeable or exercisable for equity securities, purchased or otherwise acquired from the Company at any time after
the date of this Agreement (other than in a registered public offering) to agree not to effect any public sale or distribution (including
sales pursuant to Rule 144) of any such securities during any such period (except as part of such underwritten registration, if otherwise
permitted), unless the underwriters managing the registered public offering otherwise agree and such agreement permits all Holders of
Registrable Securities to sell such securities on a pro rata basis.

 

2.4.           
Registration Procedures. If and whenever the Company is required by the provisions of this Agreement to effect or cause
the registration of any Registrable Securities under the Securities Act as provided in this Agreement, the Company shall use its reasonable
best efforts to effect the registration and the widely disseminated sale of such Registrable Securities in accordance with the intended
method of disposition thereof, and pursuant thereto the Company shall, as expeditiously as possible:

 

(a)            
prepare and file with the SEC and FINRA all filings required for the consummation of the offering, including preparing and filing
with the SEC a registration statement on than appropriate form of the SEC for the disposition of such Registrable Securities in accordance
with the intended method of disposition thereof, which registration form (i) shall be selected by the Company and (ii) shall, in the case
of a shelf registration, be available for the sale of the Registrable Securities by the selling Holders thereof and such registration
statement shall comply as to form in all material respects with the requirements of the applicable registration form and include all financial
statements required by the SEC to be filed therewith, and the Company shall use its reasonable best efforts to cause such registration
statement to become effective and remain continuously effective from the date such registration statement is declared effective until
the earliest to occur (A) the first date as of which all of the Registrable Securities included in the registration statement have been
sold or (B) a period of 90 days in the case of an underwritten offering effected pursuant to a registration statement other than a Shelf
Registration Statement and a period of three years in the case of a Shelf Registration Statement (provided that before filing a registration
statement or prospectus or any amendments or supplements thereto, the Company shall furnish to the counsel selected by the Majority Participating
Holders covered by such registration statement copies of all such documents proposed to be filed, which documents shall be subject to
the review and comment of such counsel);

 

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(b)            
 notify each Holder of Registrable Securities of the effectiveness of each registration statement filed hereunder and prepare and
file with the SEC such amendments and supplements to such registration statement and the prospectus used in connection therewith and such
free writing prospectuses and Exchange Act reports as may be necessary to keep such registration statement continuously effective for
the period set forth in Section 2.4(a) and to comply with the provisions of the Securities Act with respect to the sale or other disposition
of all Registrable Securities covered by such registration statement in accordance with the intended methods of disposition by the seller
or sellers thereof set forth in such registration statement (and, in connection with any Shelf Registration Statement, file one or more
prospectus supplements pursuant to Rule 424 under the Securities Act covering Registrable Securities upon the request of one or more Holders
wishing to offer or sell Registrable Securities whether in an underwritten offering or otherwise);

 

(c)            
furnish to each seller of Registrable Securities such number of copies of such registration statement, each amendment and supplement
thereto, the prospectus included in such registration statement (including each preliminary prospectus) and such other documents as such
seller may reasonably request in order to facilitate the disposition of the Registrable Securities owned by such seller;

 

(d)           
use its reasonable best efforts to register or qualify such Registrable Securities under such other securities or blue sky laws
of such jurisdictions as any seller reasonably requests and do any and all other acts and things which may be reasonably necessary or
advisable to enable such seller to consummate the disposition in such jurisdictions of the Registrable Securities owned by such seller
(provided that the Company shall not be required to (i) qualify generally to do business in any jurisdiction where it would not otherwise
be required to qualify but for this subparagraph, (ii) subject itself to taxation in any such jurisdiction or (iii) consent to general
service of process in any such jurisdiction);

 

(e)            
promptly notify each seller of such Registrable Securities, at any time when a prospectus relating thereto is required to be delivered
under the Securities Act, of the happening of any event as a result of which the prospectus included in such registration statement contains
an untrue statement of a material fact or omits any fact necessary to make the statements therein not misleading, and, at the request
of any such seller, the Company shall prepare a supplement or amendment to such prospectus so that, as thereafter delivered to the purchasers
of such Registrable Securities, such prospectus shall not contain an untrue statement of a material fact or omit to state any fact necessary
to make the statements therein not misleading;

 

(f)              promptly
notify each Participating Holder and each managing underwriter, if any: (i) when the registration statement, any pre-effective
amendment, the prospectus or any prospectus supplement related thereto, any post-effective amendment to the registration statement
or any free writing prospectus has been filed and, with respect to the registration statement or any post-effective amendment, when
the same has become effective; (ii) of any request by the SEC or state securities authority for amendments or supplements to the
registration statement or the prospectus related thereto or for additional information; (iii) of the issuance by the SEC of any stop
order suspending the effectiveness of the registration statement or the initiation of any proceedings for that purpose; (iv) of the
receipt by the Company of any notification with respect to the suspension of the qualification of any Registrable Securities for
sale under the securities or state “blue sky” laws of any jurisdiction or the initiation of any proceeding for such
purpose; (v) of the existence of any fact of which the Company becomes aware which results in the registration statement or any
amendment thereto, the prospectus related thereto or any supplement thereto, any document incorporated therein by reference, any
free writing prospectus or the information conveyed to any purchaser at the time of sale to such purchaser containing an untrue
statement of a material fact or omitting to state a material fact required to be stated therein or necessary to make any statement
therein not misleading; and (vi) if at any time the representations and warranties contemplated by any underwriting agreement,
securities sale agreement, or other similar agreement, relating to the offering shall cease to be true and correct in all material
respects; and, if the notification relates to an event described in clause (v), the Company shall promptly prepare and furnish to
each such seller and each underwriter, if any, a reasonable number of copies of a prospectus supplemented or amended so that, as
thereafter delivered to the purchasers of such Registrable Securities, such prospectus shall not include an untrue statement of a
material fact or omit to state a material fact required to be stated therein or necessary to make the statements therein in the
light of the circumstances under which they were made not misleading;

 

    11

     

    

 

(g)            
cause all such Registrable Securities to be listed on each securities exchange on which similar securities issued by the Company
are then listed and, if not so listed, cause all such Registrable Securities to be listed on a national securities exchange and, without
limiting the generality of the foregoing, to arrange for at least two market makers to register as such with respect to such Registrable
Securities with FINRA;

 

(h)            
cause its senior management, officers and employees to participate in, and to otherwise facilitate and cooperate with the preparation
of the registration statement and prospectus and any amendments or supplements thereto (including participating in meetings, drafting
sessions, due diligence sessions and rating agency presentations) taking into account the Company’s reasonable business needs;

 

(i)             
provide a transfer agent and registrar for all such Registrable Securities not later than the effective date of such registration
statement;

 

(j)             
enter into such customary agreements (including underwriting agreements in customary form) and take all such other actions as the
Majority Participating Holders being sold or the underwriters, if any, reasonably request in order to expedite or facilitate the disposition
of such Registrable Securities (including effecting a stock split or a combination of shares);

 

(k)             in
any transaction involving the use of an underwriter or underwriters, use its reasonable best efforts (i) to obtain an opinion from
the Company’s counsel, including local and/or regulatory counsel, and a comfort letter and updates thereof from the
Company’s independent public accountants who have certified the Company’s financial statements included or incorporated
by reference in such registration statement, in each case, in customary form and covering such matters as are customarily covered by
such opinions and comfort letters (including, in the case of such comfort letter, events subsequent to the date of such financial
statements) delivered to underwriters in underwritten public offerings, which opinion and letter shall be dated the dates such
opinions and comfort letters are customarily dated and otherwise reasonably satisfactory to the underwriters, if any, and (ii)
furnish to each Holder participating in the offering and to each underwriter, if any, a copy of such opinion and letter addressed to
such underwriter;

 

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(l)             
make available for inspection by any seller of Registrable Securities, any underwriter participating in any disposition pursuant
to such registration statement and any attorney, accountant or other agent retained by any such seller or underwriter, all financial and
other records, pertinent corporate documents and properties of the Company, and cause the Company’s officers, directors, employees
and independent accountants to supply all information reasonably requested by any such seller, underwriter, attorney, accountant or agent
in connection with such registration statement;

 

(m)           
deliver promptly to counsel for each Participating Holder and to each managing underwriter, if any, copies of all correspondence
between the SEC and the Company, its counsel or auditors and all memoranda relating to discussions with the SEC or its staff with respect
to the registration statement, and, upon receipt of such confidentiality agreements as the Company may reasonably request, make reasonably
available for inspection by counsel for each Participating Holder, by counsel for any underwriter, participating in any disposition to
be effected pursuant to such registration statement and by any accountant or other agent retained by any Participating Holder or any such
underwriter, all pertinent financial and other records, pertinent corporate documents and properties of the Company, and cause all of
the Company’s officers, directors and employees to supply all information reasonably requested by any such counsel for a Participating
Holder, counsel for an underwriter, accountant or agent in connection with such registration statement;

 

(n)            
use its reasonable best efforts to obtain the prompt withdrawal of any order suspending the effectiveness of the registration statement,
or the prompt lifting of any suspension of the qualification of any of the Registrable Securities for sale in any jurisdiction, in each
case, as promptly as reasonably practicable;

 

(o)            
provide a CUSIP number for all Registrable Securities, not later than the effective date of the registration statement;

 

(p)            
use its best efforts to make available its senior management, employees and personnel for participation in “road shows”
and other marketing efforts and otherwise provide reasonable assistance to the underwriters (taking into account the needs of the Company’s
businesses and the requirements of the marketing process) in marketing the Registrable Securities in any underwritten offering;

 

(q)            
promptly prior to the filing of any document which is to be incorporated by reference into the registration statement or the prospectus
(after the initial filing of such registration statement), and prior to the filing of any free writing prospectus, provide copies of such
document to counsel for each Participating Holder and to each managing underwriter, if any, and make the Company’s representatives
reasonably available for discussion of such document and make such changes in such document concerning the Participating Holders prior
to the filing thereof as counsel for the Participating Holders or underwriters may reasonably request;

 

    13

     

    

 

(r)            
 furnish to counsel for each Participating Holder and to each managing underwriter, without charge, at least one signed copy of
the registration statement and any post-effective amendments or supplements thereto, including financial statements and schedules, all
documents incorporated therein by reference, the prospectus contained in such registration statement (including each preliminary prospectus
and any summary prospectus), any other prospectus filed under Rule 424 under the Securities Act and all exhibits (including those incorporated
by reference) and any free writing prospectus utilized in connection therewith;

 

(s)            
cooperate with the Participating Holders and the managing underwriter, if any, to facilitate the timely preparation and delivery
of certificates not bearing any restrictive legends representing the Registrable Securities to be sold, and cause such Registrable Securities
to be issued in such denominations and registered in such names in accordance with the underwriting agreement at least two Business Days
prior to any sale of Registrable Securities to the underwriters or, if not an underwritten offering, in accordance with the instructions
of the Participating Holders at least two Business Days prior to any sale of Registrable Securities and instruct any transfer agent and
registrar of Registrable Securities to release any stop transfer orders in respect thereof;

 

(t)             
cooperate with any due diligence investigation by any manager, underwriter or Participating Holder and make available such documents
and records of

 

(u)           
the Company and its Subsidiaries that they reasonably request (which, in the case of the Participating Holder, may be subject to
the execution by the Participating Holder of a customary confidentiality agreement in a form which is reasonably satisfactory to the Company);

 

(v)            
take no direct or indirect action prohibited by Regulation M under the Exchange Act;

 

(w)           
use its best efforts to comply with all applicable rules and regulations of the SEC, and make available to its security Holders,
as soon as reasonably practicable, an earnings statement covering the period of at least twelve months beginning with the first day of
the Company’s first full calendar quarter after the effective date of the registration statement, which earnings statement shall
satisfy the provisions of Section 11(a) of the Securities Act and Rule 158 thereunder;

 

(x)            
permit any Holder of Registrable Securities which Holder, in its sole and exclusive judgment, might be deemed to be an underwriter
or a controlling person of the Company, to participate in the preparation of such registration or comparable statement and to require
the insertion therein of material, furnished to the Company in writing, which in the reasonable judgment of such Holder and its counsel
should be included;

 

(y)           
in the event of the issuance of any stop order suspending the effectiveness of a registration statement, or of any order suspending
or preventing the use of any related prospectus or suspending the qualification of any of the Company’s equity securities included
in such registration statement for sale in any jurisdiction, the Company shall use its best efforts promptly to obtain the withdrawal
of such order;

 

    14

     

    

 

(z)            
 use its best efforts to cause such Registrable Securities covered by such registration statement to be registered with or approved
by such other governmental agencies or authorities as may be necessary to enable the sellers thereof to consummate the disposition of
such Registrable Securities;

 

(aa)          
obtain a cold comfort letter from the Company’s independent public accountants in customary form and covering such matters
of the type customarily covered by cold comfort letters as the Majority Participating Holders reasonably request; provided, that such
Registrable Securities constitute at least 10% of the securities covered by such registration statement; and

 

(bb)         
take all such other commercially reasonable actions as are necessary or advisable in order to expedite or facilitate the disposition
of such Registrable Securities;

 

(cc)          
take all reasonable action to ensure that any free writing prospectus utilized in connection with any registration covered by Section
2.1 or 2.2 complies in all material respects with the Securities Act, is filed in accordance with the Securities Act to the extent required
thereby, is retained in accordance with the Securities Act to the extent required thereby and, when taken together with the related prospectus,
will not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements therein, in
light of the circumstances under which they were made, not misleading; and

 

(dd)         
in connection with any underwritten offering, if at any time the information conveyed to a purchaser at the time of sale includes
any untrue statement of a material fact or omits to state any material fact necessary in order to make the statements therein, in light
of the circumstances under which they were made, not misleading, promptly file with the SEC such amendments or supplements to such information
as may be necessary so that the statements as so amended or supplemented will not, in light of the circumstances, be misleading.

 

2.5.           
Registration Expenses. All Expenses incurred in connection with any registration, filing, qualification or compliance pursuant
to Article 2 shall be borne by the Company, whether or not a registration statement becomes effective. All underwriting discounts and
all selling commissions relating to securities registered by the Holders shall be borne by the holders or such securities pro rata in
accordance with the number of shares sold in the offering by such Participating Holder.

 

2.6.           
No Required Sale. Nothing in this Agreement shall be deemed to create an independent obligation on the part of any Holder
to sell any Registrable Securities pursuant to any effective registration statement.

 

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2.7.           
Indemnification.

 

(a)             In
the event of any registration and/or offering of any securities of the Company under the Securities Act pursuant to this Article 2,
the Company will, and hereby agrees to, and hereby does, indemnify and hold harmless, to the fullest extent permitted by law, each
Holder, its directors, officers, fiduciaries, trustees, employees, shareholders, members or general and limited partners (and the
directors, officers, fiduciaries, employees, shareholders, members, beneficiaries or general and limited partners thereof), any
underwriter (as defined in the Securities Act) for such Holder and each Person, if any, who controls such Holder or underwriter
within the meaning of the Securities Act or Exchange Act, from and against any and all losses, claims, damages or liabilities, joint
or several, actions or proceedings (whether commenced or threatened) and expenses (including reasonable fees of counsel and any
amounts paid in any settlement effected with the Company’s consent, which consent shall not be unreasonably withheld or
delayed) to which each such indemnified party may become subject under the Securities Act or otherwise in respect thereof
(collectively, “Claims”), insofar as such Claims arise out of or are based upon (i) any untrue statement or
alleged untrue statement of a material fact contained in any registration statement under which such securities were registered
under the Securities Act or the omission or alleged omission to state therein a material fact required to be stated therein or
necessary to make the statements therein not misleading, (ii) any untrue statement or alleged untrue statement of a material fact
contained in any preliminary or final prospectus or any amendment or supplement thereto, together with the documents incorporated by
reference therein, or any free writing prospectus utilized in connection therewith, or the omission or alleged omission to state
therein a material fact required to be stated therein or necessary in order to make the statements therein, in the light of the
circumstances under which they were made, not misleading, or (iii) any untrue statement or alleged untrue statement of a material
fact in the information conveyed by the Company to any purchaser at the time of the sale to such purchaser, or the omission or
alleged omission to state therein a material fact required to be stated therein, or (iv) any violation by the Company of any
federal, state or common law rule or regulation applicable to the Company and relating to action required of or inaction by the
Company in connection with any such registration, and the Company will reimburse any such indemnified party for any legal or other
expenses reasonably incurred by such indemnified party in connection with investigating or defending any such Claim as such expenses
are incurred; provided, however, that the Company shall not be liable to any such indemnified party in any such case to the extent
such Claim arises out of or is based upon any untrue statement or alleged untrue statement of a material fact or omission or alleged
omission of a material fact made in such registration statement or amendment thereof or supplement thereto or in any such prospectus
or any preliminary or final prospectus or free writing prospectus in reliance upon and in conformity with written information
furnished to the Company by or on behalf of such indemnified party specifically for use therein. Such indemnity and reimbursement of
expenses shall remain in full force and effect regardless of any investigation made by or on behalf of such indemnified party and
shall survive the transfer of such securities by such seller.

 

(b)             Each
Participating Holder shall, severally and not jointly, indemnify and hold harmless (in the same manner and to the same extent as set
forth in paragraph (a) of this Section 2.7) to the extent permitted by law the Company, its officers and directors, each Person
controlling the Company within the meaning of the Securities Act, each underwriter (within the meaning of the Securities Act) of the
Company’s securities covered by such a registration statement, any Person who controls such underwriter, and any other Holder
selling securities in such registration statement and each of its directors, officers, partners or agents or any Person who controls
such Holder with respect to any untrue statement or alleged untrue statement of any material fact in, or omission or alleged
omission of any material fact from, such registration statement, any preliminary or final prospectus contained therein, or any
amendment or supplement thereto, or any free writing prospectus utilized in connection therewith, if such statement or alleged
statement or omission or alleged omission was made in reliance upon and in conformity with written information furnished to the
Company or its representatives by or on behalf of such Participating Holder, specifically for use therein and reimburse such
indemnified party for any legal or other expenses reasonably incurred in connection with investigating or defending any such Claim
as such expenses are incurred; provided, however, that the aggregate amount which any such Participating Holder shall be required to
pay pursuant to this Section 2.7(b) and 2.7(d) shall in no case be greater than the amount of the net proceeds actually received by
such Participating Holder upon the sale of the Registrable Securities pursuant to the registration statement giving rise to such
Claim. The Company and each Participating Holder hereby acknowledge and agree that, unless otherwise expressly agreed to in writing
by such Participating Holders to the contrary, for all purposes of this Agreement, the only information furnished or to be furnished
to the Company for use in any such registration statement, preliminary or final prospectus or amendment or supplement thereto or any
free writing prospectus are statements specifically relating to (a) the Beneficial Ownership of Common Stock by such Participating
Holder and its Affiliates and (b) the name and address of such Participating Holder. Such indemnity and reimbursement of expenses
shall remain in full force and effect regardless of any investigation made by or on behalf of such indemnified party and shall
survive the transfer of such securities by such Holder.

 

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(c)             Any
Person entitled to indemnification under this Agreement shall notify promptly the indemnifying party in writing of the commencement
of any action or proceeding with respect to which a claim for indemnification may be made pursuant to this Section 2.9, but the
failure of any indemnified party to provide such notice shall not relieve the indemnifying party of its obligations under the
preceding paragraphs of this Section 2.9, except to the extent the indemnifying party is materially and actually prejudiced thereby
and shall not relieve the indemnifying party from any liability which it may have to any indemnified party otherwise than under this
Article 2. In case any action or proceeding is brought against an indemnified party, the indemnifying party shall be entitled to (x)
participate in such action or proceeding and (y) unless, in the reasonable opinion of outside counsel to the indemnified party, a
conflict of interest between such indemnified and indemnifying parties may exist in respect of such claim, assume the defense
thereof jointly with any other indemnifying party similarly notified, with counsel reasonably satisfactory to such indemnified
party. The indemnifying party shall promptly notify the indemnified party of its decision to assume the defense of such action or
proceeding. If, and after, the indemnified party has received such notice from the indemnifying party, the indemnifying party shall
not be liable to such indemnified party for any legal or other expenses subsequently incurred by such indemnified party in
connection with the defense of such action or proceeding other than reasonable costs of investigation; provided, however, that (i)
if the indemnifying party fails to take reasonable steps necessary to defend diligently the action or proceeding within 10 days
after receiving notice from such indemnified party that the indemnified party believes it has failed to do so; or (ii) if such
indemnified party who is a defendant in any action or proceeding which is also brought against the indemnifying party reasonably
shall have concluded that there may be one or more legal or equitable defenses available to such indemnified party which are not
available to the indemnifying party or which may conflict with those available to another indemnified party with respect to such
Claim; or (iii) if representation of both parties by the same counsel is otherwise inappropriate under applicable standards of
professional conduct, then, in any such case, the indemnified party shall have the right to assume or continue its own defense as
set forth above (but with no more than one firm of counsel for all indemnified parties in each jurisdiction, except to the extent
any indemnified party or parties reasonably shall have made a conclusion described in clause (ii) or (iii) above) and the
indemnifying party shall be liable for any expenses therefor. No indemnifying party shall, without the written consent of the
indemnified party, effect the settlement or compromise of, or consent to the entry of any judgment with respect to, any pending or
threatened action or claim in respect of which indemnification or contribution may be sought hereunder (whether or not the
indemnified party is an actual or potential party to such action or claim), unless such settlement or compromise (i) includes an
unconditional release of such indemnified party from all liability on any claims that are the subject matter of such action or claim
and (ii) does not include a statement as to, or an admission of, fault, culpability or a failure to act by or on behalf of an
indemnified party. The indemnity obligations contained in Sections 2.7(a) and 2.7(b) shall not apply to amounts paid in settlement
of any such loss, claim, damage, liability or action if such settlement is effected without the consent of the indemnified party
which consent shall not be unreasonably withheld.

 

    17

     

    

 

(d)            
If for any reason the foregoing indemnity is held by a court of competent jurisdiction to be unavailable to an indemnified party
under Section 2.7(a) or (b), then each applicable indemnifying party shall contribute to the amount paid or payable to such indemnified
party as a result of any Claim in such proportion as is appropriate to reflect the relative fault of the indemnifying party, on the one
hand, and the indemnified party, on the other hand, with respect to such Claim as well as any other relevant equitable considerations.
The relative fault shall be determined by a court of law by reference to, among other things, whether the untrue or alleged untrue statement
of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the indemnifying party
or the indemnified party and the parties’ relative intent, knowledge, access to information and opportunity to correct or prevent
such untrue statement or omission. If, however, the allocation provided in the second preceding sentence is not permitted by applicable
law, then each indemnifying party shall contribute to the amount paid or payable by such indemnified party in such proportion as is appropriate
to reflect not only such relative faults but also the relative benefits of the indemnifying party and the indemnified party as well as
any other relevant equitable considerations. The parties hereto agree that it would not be just and equitable if any contribution pursuant
to this Section 2.7(d) were to be determined by pro rata allocation or by any other method of allocation which does not take account of
the equitable considerations referred to in the preceding sentences of this Section 2.7(d). The amount paid or payable in respect of any
Claim shall be deemed to include any legal or other expenses reasonably incurred by such indemnified party in connection with investigating
or defending any such Claim. No Person guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the Securities Act)
shall be entitled to contribution from any Person who was not guilty of such fraudulent misrepresentation. Notwithstanding anything in
this Section 2.7(d) to the contrary, no indemnifying party (other than the Company) shall be required pursuant to this Section 2.7(d)
to contribute any amount greater than the amount of the net proceeds actually received by such indemnifying party upon the sale of the
Registrable Securities pursuant to the registration statement giving rise to such Claim, less the amount of any indemnification payment
made by such indemnifying party pursuant to Section 2.7(b).

 

(e)             The
indemnity and contribution agreements contained herein shall be in addition to any other rights to indemnification or contribution
which any indemnified party may have pursuant to law or contract (except as set forth in subsection (f) below) and shall remain
operative and in full force and effect regardless of any investigation made or omitted by or on behalf of any indemnified party and
shall survive the transfer of the Registrable Securities by any such party and the completion of any offering of Registrable
Securities in a registration statement.

 

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(f)               
If a customary underwriting agreement shall be entered into in connection with any registration pursuant to Section 2.1 or 2.2
and certain indemnity, contribution and related provisions between the Company and the Participating Holder, the indemnity, contribution
and related provisions set forth therein shall supersede the indemnification and contribution provisions set forth in this Section 2.7.

 

2.8.           
Participation in Underwritten Registrations. No Person may participate in any registration hereunder which is underwritten
unless such Person (i) agrees to sell such Person’s Registrable Securities on the basis provided in any underwriting arrangements
approved by the Person or Persons entitled hereunder to approve such arrangements and (ii) completes and executes all questionnaires,
powers of attorney, indemnities, underwriting agreements and other documents required under the terms of such underwriting arrangements;
provided, that no Holder of Registrable Securities included in any underwritten registration shall be required to make any representations
or warranties to the Company or the underwriters (other than representations and warranties regarding such Holder and such Holder’s
intended method of distribution) or to undertake any indemnification obligations, or provide any information, to the Company or the underwriters
with respect thereto, except as otherwise provided in Section 2.8 hereof.

 

2.9.           
No Inconsistent Agreements. The Company shall not hereafter enter into any agreement with respect to its securities that
is inconsistent with or violates the rights granted to the Holders in this Agreement.

 

2.10.        
Adjustments Affecting Registrable Securities. The Company shall not take any action, or permit any change to occur, with
respect to its securities which would adversely affect the ability of the Holders of Registrable Securities to include such Registrable
Securities in a registration undertaken pursuant to this Agreement or which would adversely affect the marketability of such Registrable
Securities in any such registration (including, without limitation, effecting a stock split or a combination of shares).

 

Section 3.               
General

 

3.1.            Rule
144 and Rule 144A. If the Company shall have filed a registration statement pursuant to the requirements of Section 12 of the
Exchange Act or a registration statement pursuant to the requirements of the Securities Act in respect of the Common Stock or Common
Stock Equivalents, the Company covenants that (i) so long as it remains subject to the reporting provisions of the Exchange Act, it
will timely file the reports required to be filed by it under the Securities Act or the Exchange Act (including, but not limited to,
the reports under Sections 13 and 15(d) of the Exchange Act referred to in subparagraph (c)(1)(i) of Rule 144 promulgated by the SEC
under the Securities Act, as such Rule may be amended (“Rule 144”)) or, if the Company is not required to file
such reports, it will, upon the request of any Holder, make publicly available other information so long as necessary to permit
sales by such Holder under Rule 144, Rule 144A promulgated by the SEC under the Securities Act, as such Rule may be amended
(“Rule 144A”), or any similar rules or regulations hereafter adopted by the SEC, and (ii) it will take such
further action as any Holder may reasonably request, all to the extent required from time to time to enable such Holder to sell
Registrable Securities without registration under the Securities Act within the limitation of the exemptions provided by (A) Rule
144, (B) Rule 144A or (C) any similar rule or regulation hereafter adopted by the SEC. Upon the request of any Holder of Registrable
Securities, the Company will deliver to such Holder a written statement as to whether it has complied with such requirements.

 

    19

     

    

 

3.2.           
Nominees for Beneficial Owners. If Registrable Securities are held by a nominee for the Beneficial Owner thereof the Beneficial
Owner thereof may, at its option, be treated as the Holder of such Registrable Securities for purposes of any request or other action
by any Holder or Holders of Registrable Securities pursuant to this Agreement (or any determination of any number or percentage of shares
constituting Registrable Securities held by any Holder or Holders of Registrable Securities contemplated by this Agreement), provided
that the Company shall have received assurances reasonably satisfactory to it of such Beneficial Ownership.

 

3.3.           
Amendments and Waivers. Except as otherwise provided herein, no modification, amendment or waiver of any provision of this
Agreement shall be effective against the Company or any Holder unless such modification, amendment or waiver is approved in writing by
(i) the Company and (ii) the Holders holding or Beneficially Owning more than 50% of the Registrable Securities then held by all Holders;
provided that any amendment, modification, supplement or waiver of any of the provisions of this Agreement which disproportionately
and materially adversely affects any Holder shall not be effective without the written approval of such Holder. For purposes of the foregoing
proviso, each Sponsor Stockholder shall be deemed to be disproportionately materially adversely affected if any material right specifically
granted to any such Person herein (even if such right is granted to one or more other Sponsor Stockholder), is amended, modified, supplemented
or waived. No waiver of any of the provisions of this Agreement shall be deemed to or shall constitute a waiver of any other provision
hereof (whether or not similar). No failure or delay on the part of any party in exercising any right, power or privilege hereunder shall
operate as a waiver thereof or of any other or future exercise of any such right, power or privilege.

 

3.4.           
Notices.

 

(a)              
All notices and other communications under this Agreement shall be in writing and shall be deemed given (i) when delivered personally
by hand (with written confirmation of receipt), (ii) when sent by e-mail, (iii) when received or rejected by the addressee if sent by
registered or certified mail, postage prepaid, return receipt requested, or (iv) one Business Day following the day sent by reputable
overnight courier (with written confirmation of receipt), in each case at the following addresses (or to such other address as a party
may have specified by notice given to the other party pursuant to this provision):

 

		(i)	if to the Company, to:

 

Sovos Brands, Inc.

1901 Fourth Street, Suite 200

Berkley, CA 94710

Attention: Isobel Jones

E-mail: [***]

 

    20

     

    

 

with a copy, which shall not constitute notice, to:

 

Weil, Gotshal & Manges LLP

767 Fifth Avenue

New York, NY 10153

Attention: Alexander D. Lynch and Ashley Butler

Email: alex.lynch@weil.com; ashley.butler@weil.com

 

		(ii)	if to the Holders, to the address indicated in the records of the Company.

 

(b)              
Whenever any notice is required to be given by law or this Agreement, a written waiver thereof, signed by the Person entitled to
notice, whether before or after the time stated therein, shall be deemed equivalent to the giving of such notice.

 

3.5.           
Successors and Assigns. Except as otherwise provided herein, this Agreement shall be binding upon and inure to the benefit
of and be enforceable by the parties hereto and the respective successors, permitted assigns, heirs and personal representatives of the
parties hereto, whether so expressed or not. This Agreement may not be assigned by the Company without the prior written consent of the
Sponsor Stockholders. Each Holder shall have the right to assign all or part of its or his rights and obligations under this Agreement
only in accordance with transfers of Registrable Securities to such Holder’s Permitted Transferees. Upon any such assignment, such
assignee shall have and be able to exercise and enforce all rights of the assigning Holder which are assigned to it and, to the extent
such rights are assigned, any reference to the assigning Holder shall be treated as a reference to the assignee. If any Holder shall acquire
additional Registrable Securities, such Registrable Securities shall be subject to all of the terms, and entitled to all the benefits,
of this Agreement.

 

3.6.           
Entire Agreement. This Agreement and the other documents referred to herein or delivered pursuant hereto which form part
hereof constitute the entire agreement and understanding between the parties hereto and supersedes all prior agreements and understandings
relating to the subject matter hereof.

 

3.7.           
Governing Law; Submission to Jurisdiction; Waiver of Jury Trial.

 

(a)              
GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS AND JUDICIAL DECISIONS
OF THE STATE OF DELAWARE APPLICABLE TO AGREEMENTS EXECUTED AND PERFORMED ENTIRELY WITHIN SUCH STATE, REGARDLESS OF THE LAWS THAT MIGHT
OTHERWISE GOVERN UNDER APPLICABLE PRINCIPLES OF CONFLICTS OF LAWS THEREOF.

 

(b)               Jurisdiction.
Each of the parties hereto irrevocably submits to the exclusive jurisdiction of (i) the Court of Chancery of the State of Delaware
and (ii) the United States District Court located in the State of Delaware for the purposes of any suit, action or other proceeding
arising out of or relating to this Agreement or the transactions contemplated by this Agreement. Each of the parties hereto
irrevocably and unconditionally waives any objection to the laying of venue of any action, suit or proceeding arising out of or
relating to this Agreement or the transactions contemplated by this Agreement in (I) the Court of Chancery of the State of Delaware
or (II) the United States District Court located in the State of Delaware and waives any claim that such suit or proceeding has been
brought in an inconvenient forum. Each of the parties hereto agrees that a final and unappealable judgment in any action or
proceeding so brought shall be conclusive and may be enforced by suit on the judgment in any jurisdiction within or outside the
United States or in any other manner provided in law or in equity

 

    21

     

    

 

(c)              
WAIVER OF JURY TRIAL. EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT IS LIKELY
TO INVOLVE COMPLICATED AND DIFFICULT ISSUES, AND THEREFORE IT HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED
BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING
TO THIS AGREEMENT AND ANY OF THE AGREEMENTS DELIVERED IN CONNECTION HEREWITH OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH
PARTY CERTIFIES AND ACKNOWLEDGES THAT (I) NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE,
THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER, (II) IT UNDERSTANDS AND HAS CONSIDERED
THE IMPLICATIONS OF SUCH WAIVER, (III) IT MAKES SUCH WAIVER VOLUNTARILY AND (IV) IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY,
AMONG OTHER THINGS, THE MUTUAL WAIVER AND CERTIFICATIONS IN THIS 3.7.

 

3.8.           
Interpretation; Construction.

 

(a)              
The table of contents and headings in this Agreement are for convenience of reference only, do not constitute part of this Agreement
and shall not be deemed to limit or otherwise affect any of the provisions hereof. Where a reference in this Agreement is made to a Section,
such reference shall be to a Section of this Agreement unless otherwise indicated. Whenever the words “include,” “includes”
or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation.”

 

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

 

3.9.           
Counterparts. This Agreement may be executed and delivered in any number of separate counterparts (including by facsimile
or electronic mail), each of which shall be an original, but all of which together shall constitute one and the same agreement.

 

3.10.        Severability.
The provisions of this Agreement shall be deemed severable and the invalidity or unenforceability of any provision shall not affect
the validity or enforceability of the other provisions hereof. If any provision of this Agreement, or the application thereof to any
person or any circumstance, is invalid or unenforceable, (a) a suitable and equitable provision shall be substituted therefor in
order to carry out, so far as may be valid and enforceable, the intent and purpose of such invalid or unenforceable provision and
(b) the remainder of this Agreement and the application of such provision to other persons or circumstances shall not be affected by
such invalidity or unenforceability, nor shall such invalidity or unenforceability affect the validity or enforceability of such
provision, or the application thereof, in any other jurisdiction.

 

    22

     

    

 

3.11.       
Remedies. The parties hereto agree that irreparable damage would occur in the event that any of the provisions of this Agreement
were not performed in accordance with their specific terms or were otherwise breached. It is accordingly agreed that each party hereto
shall be entitled to an injunction or injunctions to prevent breaches of this Agreement and to enforce specifically the terms and provisions
of this Agreement, without the posting of any bond, and, if any action should be brought in equity to enforce any of the provisions of
this Agreement, none of the parties hereto shall raise the defense that there is an adequate remedy at law. All remedies, either under
this Agreement, by law, or otherwise afforded to any party, shall be cumulative and not alternative.

 

3.12.       
Further Assurances. Each party hereto shall do and perform or cause to be done and performed all such further acts and things
and shall execute and deliver all such other agreements, certificates, instruments, and documents as any other party hereto reasonably
may request in order to carry out the intent and accomplish the purposes of this Agreement and the consummation of the transactions contemplated
hereby.

 

3.13.       
Confidentiality.

 

(a)              
Each Holder acknowledges that the provisions of this Agreement that require communications by the Company or other Holders to such
Holder may result in such Holder and its Section 3.13 Representatives acquiring material non-public information (which may include, solely
by way of illustration, the fact that an offering of the Company’s securities is pending or the number of Company securities or
the identity of the selling Holders).

 

(b)              
Each Holder agrees that it will maintain the confidentiality of such material non-public information and, to the extent such Holder
is not a natural person, such confidential treatment shall be in accordance with procedures adopted by it in good faith to protect confidential
information of third parties delivered to such Holder (“Policies”); provided that a Holder may deliver or disclose
material non-public information to (i) its directors, officers, employees, agents, attorneys, affiliates and financial and other advisors,
in each case, who reasonably need to know such information (collectively, the “Section 3.13 Representatives”), (ii)
any federal or state regulatory authority having jurisdiction over such Holder, (iii) any Person if necessary to effect compliance with
any law, rule, regulation or order applicable to such Holder, (iv) in response to any subpoena or other legal process, or (v) in connection
with any litigation to which such Holder is a party and such Holder is advised by counsel that such information reasonably needs to be
disclosed in connection with such litigation; provided further, that in the case of clause (i), the recipients of such material non-public
information are subject to the Policies or are directed to hold confidential the material non-public information in a manner substantially
consistent with the terms of this Section 3.13.

 

    23

     

    

 

(c)              
 Each Holder shall have the right, at any time and from time to time (including after receiving information regarding any potential
sale or distribution to the public of Common Stock of the Company pursuant to an offering registered under the Securities Act, whether
by the Company, by Holders and/or by any other Holders of the Company’s Common Stock), to elect to not receive any notice that the
Company or any other Holders otherwise are required to deliver pursuant to this Agreement by delivering to the Company a written statement
signed by such Holder that it does not want to receive any notices hereunder (an “Opt-Out Request”); in which case
and notwithstanding anything to the contrary in this Agreement the Company and other Holders shall not be required to, and shall not,
deliver any notice or other information required to be provided to Holders hereunder to the extent that the Company or such other Holders
reasonably expect would result in a Holder acquiring material non-public information. An Opt-Out Request may state a date on which it
expires or, if no such date is specified, shall remain in effect indefinitely. A Holder who previously has given the Company an Opt-Out
Request may revoke such request at any time, and there shall be no limit on the ability of a Holder to issue and revoke subsequent Opt-Out
Requests; provided that each Holder shall use commercially reasonable efforts to minimize the administrative burden on the Company arising
in connection with any such Opt-Out Requests.

 

3.14.       
Termination and Effect of Termination. This Agreement shall terminate with respect to each Holder when such Holder no longer
holds any Registrable Securities and will terminate in full when no Holder holds any Registrable Securities, except for the provisions
of Sections 2.9, which shall survive any such termination. No termination under this Agreement shall relieve any Person of liability
for breach or Expenses incurred prior to termination. In the event this Agreement is terminated, each Person entitled to indemnification
rights pursuant to Section 2.9 shall retain such indemnification rights with respect to any matter that (i) may be an indemnified
liability thereunder and (ii) occurred prior to such termination.

  

[Remainder of Page Intentionally Left Blank]

 

    24

     

    

 

IN WITNESS WHEREOF, the parties
hereto have duly executed this Agreement as of the date first above written.

 

 

 

	 	COMPANY:
	 	 
	 	[●]
	 	 
	 	 
	 	By:	                   
	 	Name:
	 	Title:

 

[SIGNATURE PAGE TO REGISTRATION
RIGHTS AGREEMENT]

 

     

     

    

 

	 	HOLDERS: 
	 	 
	 	[__]
	 	 
	 	By:	         
	 	Name:
	 	Title:

 

[SIGNATURE PAGE TO REGISTRATION
RIGHTS AGREEMENT]

 

     

     

    

 

Schedule I

 

SPONSOR STOCKHOLDERS

 

[To Come.]

 

     

     

    

 

EXHIBIT A

 

FORM OF

JOINDER AGREEMENT

 

THIS JOINDER AGREEMENT (this
 “Joinder”) is made and entered into as of [●] by the undersigned (the “New Holder”) in accordance
with the terms and conditions set forth in that certain Registration Rights Agreement by and among Sovos Brands, Inc., a Delaware corporation
(including any successor, the “Company”), and the Holders party thereto, dated as of [●], 2021 (as the same may
be amended, restated or otherwise modified from time to time, the “Registration Rights Agreement”), for the benefit
of, and for reliance upon by, the Company and the Holders party thereto. Capitalized terms used herein but not otherwise defined shall
have the meanings given to them in the Registration Rights Agreement.

 

WHEREAS, the New Holder desires
to exercise certain rights granted to it under the Registration Rights Agreement; and

 

WHEREAS, the execution and
delivery to the Company of this Joinder by the New Holder is a condition precedent to the New Holder’s exercise of any of its rights
under the Registration Rights Agreement.

 

NOW, THEREFORE, in consideration
of the premises and covenants herein, and for other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged),
the New Holder hereby agrees as follows:

 

1.       Joinder.
By the execution and delivery of this Joinder, the New Holder hereby agrees to become, and to be deemed to be, and shall become and be
deemed to be, for all purposes under the Registration Rights Agreement, a Holder, with the same force and effect as if the New Holder
had been an original signatory thereto, and the New Holder agrees to be bound by all of the terms and conditions of, and to assume all
of the obligations of, a Holder under, the Registration Rights Agreement. All of the terms, provisions, representations, warranties, covenants
and agreements set forth in the Registration Rights Agreement with respect to a Holder are incorporated by reference herein and shall
be legally binding upon, and inure to the benefit of, the New Holder.

 

2.       Further
Assurances. The New Holder agrees to perform any further acts and execute and deliver any additional documents and instruments that
may be necessary or reasonably requested by the Company to carry out the provisions of this Joinder or the Registration Rights Agreement.

 

3.       Binding
Effect. This Joinder and the Registration Rights Agreement shall be binding upon, and shall inure to the benefit of, the New Holder
and its successors and permitted assigns, subject to the terms and provisions of the Registration Rights Agreement. It shall not be necessary
in connection with the New Holder’s status as a Holder to make reference to this Joinder.

 

     

     

    

 

IN WITNESS WHEREOF, the New
Holder has executed this Joinder as of the date first above written.

 

	 	[NEW HOLDER]
	 	 
	 	 
	 	By:	 
	 	Name:	 
	 	Title:	 
	 	 
	 	Address:
	 	 
	 	 
	 	 
	 	 

 

	Accepted and agreed:	 
	 	 
	[●]	 
	 	 
	 	 
	By:	 	 
	Name:	 	 
	Title:Exhibit 10.1

 

Execution Version

 

 

FIRST LIEN
CREDIT AGREEMENT

 

dated as of June 8, 2021

 

among

 

SOVOS BRANDS INTERMEDIATE, INC.,

as the Borrower,

 

SOVOS BRANDS HOLDINGS, INC.,

as Holdings,

 

THE FINANCIAL INSTITUTIONS PARTY HERETO

as Lenders and Issuing Banks,

 

and

 

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH,

as Administrative Agent and an Issuing Bank,

 

 

 

CREDIT SUISSE LOAN FUNDING LLC,

CITIZENS BANK, N.A.,

DEUTSCHE BANK SECURITIES, INC.,

GOLDMAN
SACHS BANK USA,

JPMORGAN
CHASE BANK, n.a.,

BOFA SECURITIES, INC.,

BARCLAYS BANK PLC,

and

UBS SECURITIES LLC,

as Joint Lead Arrangers
and Joint Bookrunners

 

 

    	 	 	 

     

    

 

	 	TABLE OF CONTENTS	 
	 	 	 
	 	 	Page
	 	ARTICLE 1	 
	 	 	 
	 	DEFINITIONS	 
	 	 	 
	Section 1.01.	Defined Terms	1
	Section 1.02.	Classification of Loans and Borrowings	74
	Section 1.03.	Terms Generally	75
	Section 1.04.	Accounting Terms; GAAP	77
	Section 1.05.	Effectuation of Transactions	78
	Section 1.06.	Timing of Payment or Performance	78
	Section 1.07.	Times of Day	78
	Section 1.08.	Currency Equivalents Generally	78
	Section 1.09.	Cashless Rollovers	79
	Section 1.10.	Alternate Currencies	79
	Section 1.11.	Rates; LIBOR Notification	80
	Section 1.12.	Certain Calculations and Tests	81
	Section 1.13.	Effect of Benchmark Transition Event	83
	Section 1.14.	Successor Rates for Alternate Currencies	84
	Section 1.15.	Certain Determinations	84
	Section 1.16.	Conflicts	86
	 	 	 
	 	ARTICLE 2	 
	 	 	 
	 	THE CREDITS	 
	 	 	 
	Section 2.01.	Commitments	86
	Section 2.02.	Loans and Borrowings	87
	Section 2.03.	Requests for Borrowings	88
	Section 2.04.	[Reserved]	88
	Section 2.05.	Letters of Credit	88
	Section 2.06.	[Reserved]	94
	Section 2.07.	Funding of Borrowings	94
	Section 2.08.	Type; Interest Elections	94
	Section 2.09.	Termination and Reduction of Commitments	95
	Section 2.10.	Repayment of Loans; Evidence of Debt	96
	Section 2.11.	Prepayment of Loans	97
	Section 2.12.	Fees	104
	Section 2.13.	Interest	105
	Section 2.14.	Alternate Rate of Interest	106
	Section 2.15.	Increased Costs	107
	Section 2.16.	Break Funding Payments	108
	Section 2.17.	Taxes	108
	Section 2.18.	Payments Generally; Allocation of Proceeds; Sharing of Payments	112
	Section 2.19.	Mitigation Obligations; Replacement of Lenders	114
	Section 2.20.	Illegality	115
	Section 2.21.	Defaulting Lenders	115
	Section 2.22.	Incremental Credit Extensions	118
	Section 2.23.	Extensions of Loans and Revolving Credit Commitments	123

 

    	 	i	 

     

    

 

	 	ARTICLE 3	 
	 	 	 
	 	REPRESENTATIONS AND WARRANTIES	 
	 	 	 
	Section 3.01.	Organization; Powers	126
	Section 3.02.	Authorization; Enforceability	126
	Section 3.03.	Governmental Approvals; No Conflicts	126
	Section 3.04.	Financial Condition; No Material Adverse Effect	126
	Section 3.05.	Properties	127
	Section 3.06.	Litigation and Environmental Matters	127
	Section 3.07.	Compliance with Laws	127
	Section 3.08.	Investment Company Status	128
	Section 3.09.	Taxes	128
	Section 3.10.	ERISA	128
	Section 3.11.	Disclosure	128
	Section 3.12.	Solvency	129
	Section 3.13.	Subsidiaries	129
	Section 3.14.	Security Interest in Collateral	129
	Section 3.15.	Labor Disputes	129
	Section 3.16.	Federal Reserve Regulations	129
	Section 3.17.	OFAC; PATRIOT ACT and FCPA	130
	 	 	 
	 	ARTICLE 4	 
	 	 	 
	 	CONDITIONS	 
	 	 	 
	Section 4.01.	Closing Date	130
	Section 4.02.	Each Credit Extension	133
	 	 	 
	 	ARTICLE 5	 
	 	 	 
	 	AFFIRMATIVE COVENANTS	 
	 	 	 
	Section 5.01.	Financial Statements and Other Reports	134
	Section 5.02.	Existence	137
	Section 5.03.	Payment of Taxes	137
	Section 5.04.	Maintenance of Properties	137
	Section 5.05.	Insurance	137
	Section 5.06.	Inspections	138
	Section 5.07.	Maintenance of Book and Records	138
	Section 5.08.	Compliance with Laws	138
	Section 5.09.	Environmental	138
	Section 5.10.	Designation of Subsidiaries	139
	Section 5.11.	Use of Proceeds	139
	Section 5.12.	Covenant to Guarantee Obligations and Provide Security	140
	Section 5.13.	Maintenance of Ratings	142
	Section 5.14.	Further Assurances	143
	Section 5.15.	Post-Closing Covenant	143
	Section 5.16.	Transactions with Affiliates	143
	Section 5.17.	Fiscal Year	146
	Section 5.18.	Nature of Business	146

 

    	 	ii	 

     

    

 

	 	ARTICLE 6	 
	 	 	 
	 	NEGATIVE COVENANTS	 
	 	 	 
	Section 6.01.	Indebtedness	146
	Section 6.02.	Liens	152
	Section 6.03.	[Reserved]	157
	Section 6.04.	Restricted Payments; Restricted Debt Payments	157
	Section 6.05.	Burdensome Agreements	161
	Section 6.06.	Investments	163
	Section 6.07.	Fundamental Changes; Disposition of Assets	167
	Section 6.08.	Amendments of or Waivers with Respect to Restricted Debt	171
	Section 6.09.	Holdings	171
	Section 6.10.	Financial Covenant	172
	 	 	 
	 	ARTICLE 7	 
	 	 	 
	 	EVENTS OF DEFAULT	 
	 	 	 
	Section 7.01.	Events of Default	173
	 	 	 
	 	ARTICLE 8	 
	 	 	 
	 	THE ADMINISTRATIVE AGENT	 
	 	 	 
	Section 8.01.	Appointment and Authorization of Administrative Agent	177
	Section 8.02.	Rights as a Lender	177
	Section 8.03.	Exculpatory Provisions	177
	Section 8.04.	Exclusive Right to Enforce Rights and Remedies	178
	Section 8.05.	Reliance by Administrative Agent	179
	Section 8.06.	Delegation of Duties	179
	Section 8.07.	Successor Administrative Agent	179
	Section 8.08.	Non-Reliance on Administrative Agent	181
	Section 8.09.	Collateral and Guarantee Matters	181
	Section 8.10.	Intercreditor Agreements	183
	Section 8.11.	Indemnification of Administrative Agent	183
	Section 8.12.	Withholding Taxes	183
	Section 8.13.	Administrative Agent May File Proofs of Claim	184
	Section 8.14.	Erroneous Payments	184
	 	 	 
	 	ARTICLE 9	 
	 	 	 
	 	MISCELLANEOUS	 
	 	 	 
	Section 9.01.	Notices	186
	Section 9.02.	Waivers; Amendments	188
	Section 9.03.	Expenses; Indemnity	197
	Section 9.04.	Waiver of Claim	199
	Section 9.05.	Successors and Assigns	199
	Section 9.06.	Survival	207
	Section 9.07.	Counterparts; Integration; Effectiveness	207
	Section 9.08.	Severability	208
	Section 9.09.	Right of Setoff	208

 

    	 	iii	 

     

    

 

	Section 9.10.	Governing Law; Jurisdiction; Consent to Service of Process	208
	Section 9.11.	Waiver of Jury Trial	209
	Section 9.12.	Headings	209
	Section 9.13.	Confidentiality	210
	Section 9.14.	No Fiduciary Duty	211
	Section 9.15.	Several Obligations	211
	Section 9.16.	USA PATRIOT Act	211
	Section 9.17.	Disclosure of Agent Conflicts	212
	Section 9.18.	Appointment for Perfection	212
	Section 9.19.	Interest Rate Limitation	212
	Section 9.20.	Intercreditor Agreements	212
	Section 9.21.	Conflicts	212
	Section 9.22.	Release of Guarantors	213
	Section 9.23.	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	213
	Section 9.24.	Certain ERISA Matters	214
	Section 9.25.	Judgment Currency	215
	Section 9.26.	Acknowledgement Regarding Any Supported QFCs	215

 

    	 	 iv	 

     

    

 

SCHEDULES:

 

	Schedule 1.01(a)	–	Commitment Schedule
	Schedule 1.01(b)	–	Dutch Auction
	Schedule 1.01(c)	–	Mortgages
	Schedule 1.01(d)	–	Existing Letters of Credit
	Schedule 1.01(e)	–	Closing Date Collateral Documents and Loan Guarantees
	Schedule 3.05	–	Fee Owned Real Estate Assets
	Schedule 3.13	–	Subsidiaries
	Schedule 4.01(b)	–	Local Counsel Opinions
	Schedule 5.10	–	Unrestricted Subsidiaries
	Schedule 5.15	–	Post-Closing Obligations
	Schedule 6.01	–	Existing Indebtedness
	Schedule 6.02	–	Existing Liens
	Schedule 6.06	–	Existing Investments
	Schedule 9.01(a)	–	Borrower’s Website Address for Electronic Delivery
	Schedule 9.01(b)	–	Issuing Bank Notice Information

 

EXHIBITS:

 

	Exhibit A-1	–	Form of Affiliated Lender Assignment and Assumption
	Exhibit A-2	–	Form of Assignment and Assumption
	Exhibit B	–	Form of Borrowing Request
	Exhibit C	–	Form of First Lien Intellectual Property Security Agreement
	Exhibit D	–	Form of Compliance Certificate
	Exhibit E	–	Form of Pari Passu Intercreditor Agreement
	Exhibit F	–	Form of Intercompany Note
	Exhibit G	–	Form of Junior Lien Intercreditor Agreement
	Exhibit H	–	Form of Interest Election Request
	Exhibit I	–	Form of First Lien Loan Guaranty
	Exhibit J	–	Form of Perfection Certificate
	Exhibit K	–	Form of Joinder Agreement
	Exhibit L	–	Form of Promissory Note
	Exhibit M	–	Form of First Lien Pledge and Security Agreement
	Exhibit N	–	Form of Letter of Credit Request
	Exhibit O-1	–	Form of Tax Compliance Certificate (For Foreign Lenders That Are Not Partnerships For US Federal Income Tax Purposes)
	Exhibit O-2	–	Form of Tax Compliance Certificate (For Foreign Participants That Are Not Partnerships For US Federal Income Tax Purposes)
	Exhibit O-3	–	Form of Tax Compliance Certificate (For Foreign Lenders That Are Partnerships For US Federal Income Tax Purposes)
	Exhibit O-4	–	Form of Tax Compliance Certificate (For Foreign Participants That Are Partnerships For US Federal Income Tax Purposes)
	Exhibit P	–	Form of Solvency Certificate

 

    	 	 v	 

     

    

 

FIRST LIEN CREDIT AGREEMENT

 

FIRST
LIEN CREDIT AGREEMENT, dated as of June 8, 2021 (this “Agreement”), by and among Sovos Brands Intermediate, Inc.,
a Delaware corporation (the “Borrower”), Sovos Brands Holdings, Inc., a Delaware corporation (“Holdings”),
the Lenders from time to time party hereto, the Issuing Banks from time to time party hereto and Credit Suisse AG, Cayman Islands Branch
(“Credit Suisse”), in its capacities as administrative agent for the Lenders and collateral agent for the Secured Parties
(in such capacities and together with its permitted successors and assigns, the “Administrative Agent”) and as an Issuing
Bank.

 

RECITALS

 

A.            Substantially
concurrently with the occurrence of the Closing Date, all outstanding indebtedness for borrowed money of the Borrower and its subsidiaries
under that certain Credit Agreement, dated as of November 20, 2018 (as amended, supplemented or otherwise modified from time to time,
the “Existing Credit Agreement”), among, inter alios, Holdings, the Borrower, the lenders from time to time
party thereto, and Credit Suisse, as administrative agent (other than letters of credit that are replaced, backstopped, cash collateralized
or with respect to which other arrangements have been made in accordance with the terms of such credit agreement), will be repaid, redeemed,
discharged, refinanced, replaced or terminated and in each case, the liens (other than with respect to any cash collateral agreement relating
to any letter of credit that will remain outstanding after the Closing Date) and guarantees in support thereof shall be released or terminated
(the “Closing Date Refinancing”).

 

B.            To
fund the Closing Date Refinancing and a portion of the Special Dividend (as defined below), the Borrower (i) has requested that the
Lenders extend credit under this Agreement in the form of (x) Initial Term Loans in an aggregate principal amount on the Closing
Date of $580,000,000 and (y) an Initial Revolving Facility with an available amount of $125,000,000 and (ii) intends to borrow
term loans under the Second Lien Credit Agreement in an aggregate principal amount equal to $200,000,000.

 

C.            The
Borrower will make a Restricted Payment for the purpose of paying a dividend in the aggregate amount equal to $400,000,000 to the direct
or indirect equity holders of the Borrower (the “Special Dividend”).

 

D.            The
Lenders are willing to extend such credit to the Borrower on the terms and subject to the conditions set forth herein. Accordingly, the
parties hereto agree as follows:

 

ARTICLE 1

 

DEFINITIONS

 

Section 1.01.        Defined
Terms. As used in this Agreement, the following terms have the meanings specified below:

 

“ABR”,
when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, bear interest at
a rate determined by reference to the Alternate Base Rate.

 

“Acceptable Debtor-In-Possession
Financing” means any debtor-in-possession or similar financing (a) incurred by Holdings, the Borrower or a Restricted Subsidiary
following a voluntary petition by Holdings, the Borrower or any of its Restricted Subsidiaries under or in connection with any Debtor
Relief Law and (b) approved pursuant to an order of an applicable court under any Debtor Relief Law.

 

“ACH” means
automated clearing house transfers.

 

“Additional Agreement”
has the meaning assigned to such term in Section 8.10.

 

    1

     

    

 

“Additional Commitment”
means any commitment hereunder added pursuant to Sections 2.22, 2.23 and/or 9.02(c).

 

“Additional Loans”
means any Additional Revolving Loan and any Additional Term Loan.

 

“Additional Revolving
Credit Commitments” means any Revolving Credit Commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(ii).

 

“Additional Revolving
Credit Exposure” means, with respect to any Lender at any time, the aggregate Outstanding Amount at such time of all Additional
Revolving Loans of such Lender, plus the aggregate outstanding amount at such time of such Lender’s LC Exposure, in each
case, attributable to its Additional Revolving Credit Commitment.

 

“Additional Revolving
Lender” means any Lender with an Additional Revolving Credit Commitment or any Additional Revolving Credit Exposure.

 

“Additional Revolving
Loans” means any revolving loan added hereunder pursuant to Section 2.22, 2.23 and/or 9.02(c)(ii).

 

“Additional Term
Lender” means any Lender with an Additional Term Loan Commitment or an outstanding Additional Term Loan.

 

“Additional Term
Loan Commitment” means any term commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(i).

 

“Additional Term
Loans” means any term loan added pursuant to Section 2.22, 2.23 and/or 9.02(c)(i).

 

“Adjusted Consolidated
Net Income” means, in respect of any period, an amount determined for the Borrower and its Restricted Subsidiaries, on a consolidated
basis, equal to (a) Consolidated Net Income for such period plus (b) the sum, without duplication (and to the extend
deducted and not added back in calculating Consolidated Net Income for such period), for such period of:

 

(i)            (A) any
depreciation, amortization (including, without limitation, amortization of goodwill, software and other intangible assets), (B) any
impairment Charge, including any bad debt expense, and (C) any asset write-off and/or write-down; plus

 

(ii)          any
amount that may be added back in the calculation of Consolidated Adjusted EBITDA for such period pursuant to clause (c)(viii) of
the definition thereof.

 

“Adjustment”
has the meaning assigned to such term in Section 1.14.

 

“Adjustment Date”
means the date of delivery of financial statements required to be delivered pursuant to Section 5.01(a) or Section 5.01(b),
as applicable.

 

“Administrative Agent”
has the meaning assigned to such term in the preamble to this Agreement.

 

“Administrative Questionnaire”
means a customary administrative questionnaire in the form provided by the Administrative Agent.

 

“Advent”
means Advent International Corporation.

 

    2

     

    

 

“Adverse Proceeding”
means any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration (whether
or not purportedly on behalf of Holdings, the Borrower or any of its Restricted Subsidiaries) at law or in equity, or before or by any
Governmental Authority, domestic or foreign (including any Environmental Claim), whether pending or, to the knowledge of Holdings, the
Borrower or any of its Restricted Subsidiaries, threatened in writing, against or affecting Holdings, the Borrower or any of its Restricted
Subsidiaries or any property of Holdings, the Borrower or any of its Restricted Subsidiaries.

 

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

 

“Affiliate”
means, as applied to any Person, any other Person directly or indirectly Controlling, Controlled by, or under common Control with, that
Person. No Person shall be an “Affiliate” of the Borrower and/or any Restricted Subsidiary solely because it is an unrelated
portfolio company of the Sponsor and none of the Administrative Agent, the Arrangers, any Lender (other than any Affiliated Lender or
any Debt Fund Affiliate) or any of their respective Affiliates shall be considered an Affiliate of the Borrower or any subsidiary thereof.

 

“Affiliated Lender”
means any Non-Debt Fund Affiliate, the Borrower and/or any subsidiary of the Borrower.

 

“Affiliated Lender
Assignment and Assumption” means (a) an assignment and assumption entered into by a Lender and an Affiliated Lender (with
the consent of any party whose consent is required by Section 9.05) and accepted by the Administrative Agent in the form of
Exhibit A-1 and/or (b) any other form approved by the Administrative Agent and the Borrower.

 

“Affiliated Lender
Cap” has the meaning assigned to such term in Section 9.05(g)(iv).

 

“Agreement”
has the meaning assigned to such term in the preamble to this First Lien Credit Agreement.

 

“Agreement Currency”
has the meaning assigned to such term in Section 9.25.

 

“Alternate Base Rate”
means, for any day, a rate per annum equal to the highest of (a) the Federal Funds Effective Rate in effect on such day plus
0.50%, (b) to the extent ascertainable, the Published LIBO Rate (which rate shall be calculated based upon an Interest Period of
one month and shall be determined on a daily basis and, for the avoidance of doubt, the Published LIBO Rate for any day shall be based
on the rate determined on such day at 11 a.m. (London time)) plus 1.00%, (c) the Prime Rate and (d) (i) solely
in the case of Initial Term Loans, 1.75% and (ii) solely in the case of Initial Revolving Loans, 1.00%. Any change in the Alternate
Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate or the Published LIBO Rate, as the case may be, shall be
effective from and including the effective date of such change in the Prime Rate, the Federal Funds Effective Rate or the Published LIBO
Rate, as the case may be.

 

“Alternate Currency”
means in the case of Revolving Loans and Letters of Credit, Euros and, in each case, each currency other than Dollars and Euros that is
approved in accordance Section 1.10.

 

“Alternate Currency
Rate” has the meaning assigned to such term in Section 1.14.

 

“Applicable Percentage”
means, (a) with respect to any Term Lender of any Class, a percentage equal to a fraction the numerator of which is the aggregate
outstanding principal amount of the Term Loans and unused Additional Term Loan Commitments of such Term Lender under the applicable Class and
the denominator of which is the aggregate outstanding principal amount of the Term Loans and unused Term Commitments of all Term Lenders
under the applicable Class and (b) with respect to any Revolving Lender of any Class, the percentage of the aggregate amount
of the Revolving Credit Commitments of such Class represented by such Lender’s Revolving Credit Commitment of such Class; provided
that for purposes of Section 2.21 and otherwise herein (except with respect to Section 2.11(a)(ii)), when there
is a Defaulting Lender, such Defaulting Lender’s Revolving Credit Commitment shall be disregarded for any relevant calculation.
In the case of clause (b), in the event that the Revolving Credit Commitments of any Class have expired or been terminated,
the Applicable Percentage of any Revolving Lender of such Class shall be determined on the basis of the Revolving Credit Exposure
of such Revolving Lender attributable to its Revolving Credit Commitment of such Class, giving effect to any assignment thereof.

 

    3

     

    

 

“Applicable Rate”
means, for any day, (a) with respect to any Initial Term Loan, the rate per annum applicable to the relevant Class of Loans
in the table set forth below under the caption “ABR Spread for Initial Term Loans” or “LIBO Rate Spread for Initial
Term Loans”, as the case may be, based upon the First Lien Net Leverage Ratio and (b) any Initial Revolving Loan, the rate
per annum applicable to the relevant Class of Loans in the table set forth below under the caption “ABR Spread for Initial
Revolving Loans” or “LIBO Rate Spread for Initial Revolving Loans”, as the case may be, based upon the First Lien Net
Leverage Ratio; provided, that until the first Adjustment Date following the completion of at least one full Fiscal Quarter ended
after the Closing Date, the “Applicable Rate” for any Initial Term Loan and/or any Initial Revolving Loan shall be the applicable
rate per annum set forth below in Category 1 of the table set forth below:

 

	First Lien Net 

Leverage Ratio	 	ABR Spread for

Initial Term Loans	 	 	LIBO Rate Spread for

 Initial Term Loans	 	 	ABR Spread for

Initial Revolving

 Loans	 	 	LIBO Rate Spread for

 Initial Revolving

 Loans	 
	Category 1	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Greater than 3.80 to 1.00	 	 	3.25	%	 	 	4.25	%	 	 	3.25	%	 	 	4.25	%
	Category 2	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Less than or equal to 3.80 to 1.00	 	 	3.00	%	 	 	4.00	%	 	 	3.00	%	 	 	4.00	%

 

Notwithstanding
the foregoing, upon the consummation of a Public Company Transaction, the Applicable Rate with respect to the Initial Term Loans and Initial
Revolving Loans will be automatically reduced by 0.50% per annum in each of the categories in the table set forth above, effective
from and after the date on which such Public Company Transaction was consummated.

 

The Applicable Rate with respect
to any Initial Term Loan and Initial Revolving Loan shall be adjusted quarterly on a prospective basis on each Adjustment Date based upon
the First Lien Net Leverage Ratio in accordance with the table above; provided, that, at the election of the Required Lenders or
the Required Revolving Lenders, as applicable, if financial statements are not delivered when required pursuant to Section 5.01(a) or
(b), as applicable, the “Applicable Rate” for any Initial Term Loan or Initial Revolving Loan shall be the rate per
annum set forth above in Category 1 until such financial statements are delivered in compliance with Section 5.01(a) or
(b), as applicable.

 

“Applicable Revolving
Credit Percentage” means, with respect to any Revolving Lender at any time, the percentage of the Total Revolving Credit Commitment
at such time represented by such Revolving Lender’s Revolving Credit Commitments at such time; provided that for purposes
of Section 2.21, when there is a Defaulting Lender, any such Defaulting Lender’s Revolving Credit Commitment shall be
disregarded in the relevant calculations. In the event that (a) the Revolving Credit Commitments of any Class have expired or
been terminated in accordance with the terms hereof (other than pursuant to Article 7), the Applicable Revolving Credit Percentage
shall be recalculated without giving effect to the Revolving Credit Commitments of such Class or (b) the Revolving Credit Commitments
of all Classes have terminated (or the Revolving Credit Commitments of any Class have terminated pursuant to Article 7),
the Applicable Revolving Credit Percentage shall be determined based upon the Revolving Credit Commitments (or the Revolving Credit Commitments
of such Class) most recently in effect, giving effect to any assignments thereof.

 

    4

     

    

 

“Approved Fund”
means, with respect to any Lender, any Person (other than a natural person) that is engaged in making, purchasing, holding or otherwise
investing in commercial loans and similar extensions of credit in the ordinary course of its activities and is administered, advised or
managed by (a) such Lender, (b) any Affiliate of such Lender or (c) any entity or any Affiliate of any entity that administers,
advises or manages such Lender.

 

“Arrangers”
means Credit Suisse Loan Funding LLC, Citizens Bank, N.A., Deutsche Bank Securities Inc., Goldman Sachs Bank USA, JPMorgan Chase Bank,
N.A., BofA Securities, Inc., Barclays Bank PLC and UBS Securities LLC, in their respective capacities as joint lead arrangers and
joint bookrunners hereunder.

 

“Assignment Agreement”
means, collectively, each Assignment and Assumption and each Affiliated Lender Assignment and Assumption.

 

“Assignment and Assumption”
means (a) an assignment and assumption entered into by a Lender and an assignee (with the consent of any party whose consent is required
by Section 9.05), and accepted by the Administrative Agent in the form of Exhibit A-2 and/or (b) any other
form approved by the Administrative Agent and the Borrower.

 

“Available Amount”
means, at any time, an amount equal to, without duplication:

 

(a)          the
sum of:

 

(i)           the
greater of $65,000,000 and 50% of Consolidated Adjusted EBITDA as of the end of the most recently ended Test Period; plus

 

(ii)          an
amount, not less than zero for any period, equal to the greater of (A) the CNI Growth Amount and (B) the Retained Excess Cash
Flow Amount (provided, that no amount shall be available pursuant to this clause (ii) for any Restricted Payment pursuant
to Section 6.04(a)(iii)(A) if an Event of Default under Sections 7.01(a), (f) or (g) exists);
plus

 

(iii)          (A) the
amount of any capital contribution in respect of Qualified Capital Stock or the proceeds of any issuance of Qualified Capital Stock after
the Closing Date (other than any amount (1) constituting a Cure Amount, an Available Excluded Contribution Amount or a Contribution
Indebtedness Amount, (2) received from the Borrower or any Restricted Subsidiary or (3) consisting of the proceeds of any loan
or advance made pursuant to Section 6.06(h)(ii)) received or deemed to be received as Cash equity by the Borrower or any of
its Restricted Subsidiaries, plus (B) the fair market value, as determined by the Borrower in good faith, of Cash Equivalents,
marketable securities or other property received or deemed to be received by the Borrower or any Restricted Subsidiary as a capital contribution
in respect of Qualified Capital Stock or in return for any issuance of Qualified Capital Stock (other than any amount (1) constituting
a Cure Amount, an Available Excluded Contribution Amount or a Contribution Indebtedness Amount or (2) received from the Borrower
or any Restricted Subsidiary), in each case, during the period from and including the day immediately following the Closing Date through
and including such time; plus

 

(iv)         the
aggregate principal amount of any Indebtedness (including any Disqualified Capital Stock), of the Borrower or any Restricted Subsidiary
issued after the Closing Date (other than Indebtedness or such Disqualified Capital Stock issued to the Borrower or any Restricted Subsidiary),
which has been converted into or exchanged for Capital Stock of the Borrower, any Restricted Subsidiary or any Parent Company that does
not constitute Disqualified Capital Stock, together with the fair market value of any Cash Equivalents and the fair market value (as determined
by the Borrower in good faith) of any assets received by the Borrower or such Restricted Subsidiary upon such exchange or conversion,
in each case, during the period from and including the day immediately following the Closing Date through and including such time; plus

 

    5

     

    

 

(v)          the
Net Proceeds received by the Borrower or any Restricted Subsidiary during the period from and including the day immediately following
the Closing Date through and including such time in connection with the Disposition to any Person (other than the Borrower or any Restricted
Subsidiary) of any Investment made pursuant to Section 6.06(r)(i); plus

 

(vi)         to
the extent not already reflected as a return of capital with respect to such Investment for purposes of determining the amount of such
Investment (pursuant to the definition thereof), the proceeds received (or deemed to be received) by the Borrower or any Restricted Subsidiary
during the period from and including the day immediately following the Closing Date through and including such time in connection with
cash returns, cash profits, cash distributions and similar cash amounts, including cash principal repayments and interest payments of
loans, in each case, received in respect of any Investment made after the Closing Date pursuant to Section 6.06(r)(i); plus

 

(vii)        an
amount equal to the sum of (A) the amount of any Investment by the Borrower or any Restricted Subsidiary pursuant to Section 6.06(r)(i) in
any Unrestricted Subsidiary or any other Person (other than the Borrower or any Restricted Subsidiary) that has been re-designated as
or has become, as applicable, a Restricted Subsidiary or has been merged, consolidated or amalgamated with or into, or is liquidated,
wound up or dissolved into, the Borrower or any Restricted Subsidiary and (B) the fair market value (as determined by the Borrower
in good faith) of the assets (including cash or Cash Equivalents) of any Unrestricted Subsidiary or any other Person (other than the Borrower
or any Restricted Subsidiary) that have been distributed, conveyed or otherwise transferred to the Borrower or any Restricted Subsidiary,
in each case, during the period from and including the day immediately following the Closing Date through and including such time; plus

 

(viii)       to
the extent not already included in the CNI Growth Amount, the aggregate amount of any Cash dividend or other Cash distribution received
(or deemed received) by the Borrower or any Restricted Subsidiary from any Unrestricted Subsidiary after the Closing Date; plus

 

(ix)          to
the extent not otherwise applied to prepay term loans outstanding under the Second Lien Facility in accordance with the terms thereof,
the amount of any Declined Proceeds; plus

 

(x)           the
amount of any Retained Asset Sale Proceeds; plus

 

(xi)          the
amount of any De Minimis Proceeds; plus

 

(xii)         the
fair market value of any First Lien Debt and/or Junior Lien Debt that has been contributed to the Borrower and/or any of its Restricted
Subsidiaries in accordance with Section 9.05(g) (or any comparable provision under any definitive documentation governing
such First Lien Debt or Junior Lien Debt, as applicable); plus

 

(xiii)        the
aggregate face amount of any Indebtedness of the Borrower and/or any Restricted Subsidiary that is cancelled, released or otherwise terminated
by virtue of the incurrence or assumption by any Unrestricted Subsidiary of any such Indebtedness, including by way of an “exchange”
or similar transaction; plus

 

    6

     

    

 

(xiv)       the
value of any transaction consideration in any Permitted Acquisition or other Investment attributable in the good faith determination of
the Borrower to the Qualified Capital Stock of the Borrower or its applicable Parent Company issued in connection with such Permitted
Acquisition or other Investment; minus

 

(b)          an
amount equal to the sum of (i) Restricted Payments made pursuant to Section 6.04(a)(iii)(A), plus (ii) Restricted
Debt Payments made pursuant to Section 6.04(b)(vi)(A), plus (iii) Investments made pursuant to Section 6.06(r)(i),
in each case, after the Closing Date and prior to such time or contemporaneously therewith.

 

“Available Excluded
Contribution Amount” means the aggregate amount of Cash or Cash Equivalents or the fair market value of other assets (as determined
by the Borrower in good faith, but excluding any Cure Amount and/or any Contribution Indebtedness Amount) received (or deemed received)
by the Borrower or any of its Restricted Subsidiaries after the Closing Date from:

 

(a)           contributions
(or deemed contributions) of assets (including cash) in respect of Qualified Capital Stock of the Borrower (other than any amount received
from any Restricted Subsidiary); and

 

(b)          the
sale or issuance of Qualified Capital Stock of the Borrower (other than (x) to any Restricted Subsidiary, (y) pursuant to any
management equity plan or stock option plan or any other management or employee benefit plan or (z) with the proceeds of any loan
or advance made pursuant to Section 6.06(h)(ii)),

 

in each case, designated by the Borrower as an
Available Excluded Contribution Amount on or promptly after the date on which the relevant capital contribution is made (or deemed to
be made) or the relevant proceeds are received (or deemed to be received), as the case may be, and which are excluded from the calculation
of the Available Amount.

 

“Available RP Capacity
Amount” means, at any time, the aggregate amount of Restricted Payments that may be made at such time pursuant to Sections
6.04(a)(ii), (iii), (vii) and/or (x).

 

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

 

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

 

“Banking Services”
means each and any of the following services: commercial credit cards, stored value cards, purchasing cards, treasury management services,
netting services, overdraft protections, check drawing services, automated payment services (including depository, overdraft, controlled
disbursement, ACH transactions, return items and interstate depository network services), employee credit card programs, cash pooling
services, supply chain and/or supplier financing services and any arrangement and/or service similar to any of the foregoing and/or otherwise
in connection with Cash management and Deposit Accounts.

 

    7

     

    

 

“Banking Services
Obligations” means any and all obligations of any Loan Party, whether absolute or contingent and however and whenever created,
arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under any arrangement
in connection with Banking Services that is in effect on the Closing Date or entered into at any time on or after the Closing Date between
any Loan Party and (a) a counterparty that is (or is an Affiliate of) the Administrative Agent, any Lender or any Arranger as of
the Closing Date or at the time such arrangement is entered into and/or (b) any other Person, in each case of the Persons described
in the foregoing clauses (a) and (b), that is designated in writing by the Borrower to the Administrative Agent as
a provider of Banking Services Obligations for purposes of the Loan Documents, it being understood that each counterparty provider of
Banking Services Obligations shall be deemed (A) to appoint the Administrative Agent as its agent under the applicable Loan Documents
and (B) to agree to be bound by the provisions of Article 8, Section 9.03 and Section 9.10 and
any applicable Intercreditor Agreement as if it were a Lender.

 

“Bankruptcy Code”
means Title 11 of the United States Code (11 USC § 101 et seq.), as it has been, or may be, amended, from time to
time.

 

“Barclays”
means Barclays Bank PLC.

 

“Benchmark Replacement”
means the sum of: (a) the alternate benchmark rate (which may include Term SOFR) that has been selected by the Administrative Agent
and the Borrower giving due consideration to (i) any selection or recommendation of a replacement rate or the mechanism for determining
such a rate by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a rate of
interest as a replacement to the Published LIBO Rate for U.S. dollar-denominated syndicated credit facilities and the Benchmark Replacement
Adjustment; provided that, if the Benchmark Replacement as so determined would (x) in the case of Initial Revolving Loans,
be less than zero, the Benchmark Replacement will be deemed to be zero for the purposes of this Agreement and (y) in the case of
Initial Term Loans, be less than 0.75%, the Benchmark Replacement will be deemed to be 0.75% for the purposes of this Agreement.

 

“Benchmark
Replacement Adjustment” means, with respect to any replacement of the Published LIBO Rate (with respect to Loans denominated
in Dollars) with an Unadjusted Benchmark Replacement for each applicable Interest Period, the spread adjustment, or method for calculating
or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative
Agent giving due consideration to (i) any selection or recommendation of a spread adjustment, or method for calculating or determining
such spread adjustment, for the replacement of the Published LIBO Rate with the applicable Unadjusted Benchmark Replacement by the Relevant
Governmental Body or (ii) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating
or determining such spread adjustment, for the replacement of the Published LIBO Rate with the applicable Unadjusted Benchmark Replacement
for U.S. dollar-denominated syndicated credit facilities at such time. Each Benchmark Replacement Adjustment shall be subject to the consent
of the Borrower (not to be unreasonably withheld or delayed).

 

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

 

“Benchmark
Replacement Date” means the earlier to occur of the following events with respect to the Published LIBO Rate (with
respect to Loans denominated in Dollars):

 

		(1)	in the case of clause (1) or (2) of the definition of “Benchmark Transition Event,”
the later of

 

    8

     

    

 

(a) the
date of the public statement or publication of information referenced therein and (b) the date on which the administrator of the
Published LIBO Rate permanently or indefinitely ceases to provide the Published LIBO Rate; or

 

		(2)	in the case of clause (3) of the definition of “Benchmark Transition Event,” the date
of the public statement or publication of information referenced therein.

 

“Benchmark
Transition Event” means the occurrence of one or more of the following events with respect to the Published LIBO
Rate (with respect to Loans denominated in Dollars):

 

		(1)	a public statement or publication of information by or on behalf of the administrator of the Published
LIBO Rate announcing that such administrator has ceased or will cease to provide the Published LIBO Rate, permanently or indefinitely,
provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide
the Published LIBO Rate;

 

		(2)	a public statement or publication of information by the regulatory supervisor for the administrator of
the Published LIBO Rate, the U.S. Federal Reserve System, an insolvency official with jurisdiction over the administrator for the Published
LIBO Rate, a resolution authority with jurisdiction over the administrator for the Published LIBO Rate or a court or an entity with similar
insolvency or resolution authority over the administrator for the Published LIBO Rate, which states that the administrator of the Published
LIBO Rate has ceased or will cease to provide the Published LIBO Rate permanently or indefinitely, provided that, at the time of
such statement or publication, there is no successor administrator that will continue to provide Published LIBO Rate; or

 

		(3)	a public statement or publication of information by the regulatory supervisor for the administrator of
the Published LIBO Rate announcing that the Published LIBO Rate is no longer representative.

 

“Benchmark
Transition Start Date” means (a) in the case of a Benchmark Transition Event, the earlier of (i) the
applicable Benchmark Replacement Date and (ii) if such Benchmark Transition Event is a public statement or publication of information
of a prospective event, the 90th day prior to the expected date of such event as of such public statement or publication of information
(or if the expected date of such prospective event is fewer than 90 days after such statement or publication, the date of such statement
or publication) and (b) in the case of an Early Opt-in Election, the date specified by the Administrative Agent by notice to the
Borrower, so long as the Administrative Agent has not received, by such date, written notice of objection to such Early Opt-In Election
from the Borrower.

 

“Benchmark
Unavailability Period” means, if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred
with respect to the Published LIBO Rate and solely to the extent that the Published LIBO Rate has not been replaced with a Benchmark Replacement,
the period (x) beginning at the time that such Benchmark Replacement Date has occurred if, at such time, no Benchmark Replacement
has replaced the Published LIBO Rate for all purposes hereunder in accordance with Section 1.13 and (y) ending at the
time that a Benchmark Replacement has replaced the Published LIBO Rate for all purposes hereunder pursuant to Section 1.13.

 

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

 

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

 

“Benefit
Plan” means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of
ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include
(for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of
any such “employee benefit plan” or “plan”.

 

    9

     

    

 

“Board”
means the Board of Governors of the Federal Reserve System of the US.

 

“Borrower”
has the meaning assigned to such term in the preamble to this Agreement and shall, for the avoidance of doubt, include any Successor Borrower.

 

“Borrower Materials”
has the meaning assigned to such term in Section 9.01(d).

 

“Borrowing”
means any Loans of the same Type and Class made, converted or continued on the same date and, in the case of LIBO Rate Loans, as
to which a single Interest Period is in effect.

 

“Borrowing Request”
means a request by the Borrower for a Borrowing in accordance with Section 2.03 and substantially in the form attached hereto
as Exhibit B or such other form that is reasonably acceptable to the Administrative Agent and the Borrower.

 

“Burdensome Agreement”
has the meaning assigned to such term in Section 6.05.

 

“Business Day”
means any day that is not a Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by law
to remain closed; provided that when used in connection with a LIBO Rate Loan, the term “Business Day” shall also exclude
any day on which banks are not open for dealings in Dollar deposits (or deposits in the applicable Alternate Currency) in the London interbank
market and in the case of any LIBO Rate Loan denominated in Euros, any day which is not a TARGET Day.

 

“Business Optimization
Initiative” has the meaning assigned to such term in the definition of “Consolidated Adjusted EBITDA”.

 

“Calculation Period”
means an Excess Cash Flow Period or an Excess Cash Flow Interim Period, as applicable.

 

“Capital Expenditures”
means, with respect to the Borrower and its Restricted Subsidiaries for any period, the aggregate amount, without duplication, of all
expenditures (whether paid in cash or accrued as liabilities and including in all events all amounts expended or capitalized under Capital
Leases) that would, in accordance with GAAP, are, or are required to be included as, capital expenditures on the consolidated statement
of cash flows of the Borrower and its Restricted Subsidiaries for such period.

 

“Capital Lease”
means, as applied to any Person, any lease of any property (whether real, personal or mixed) by that Person as lessee that, in conformity
with GAAP, is or should be accounted for as a capital lease on the balance sheet of that Person; provided, that for the avoidance
of doubt, the amount of obligations attributable to any Capital Lease shall be the amount thereof accounted for as a liability in accordance
with GAAP.

 

“Capital Stock”
means any and all shares, interests, participations, preferred equity certificates, convertible preferred equity certificates or other
equivalents (however designated) of capital stock of a corporation, any and all equivalent ownership interests in a Person (other than
a corporation), including partnership interests and membership interests, and any and all warrants, rights or options to purchase or other
arrangements or rights to acquire any of the foregoing, but excluding for the avoidance of doubt any Indebtedness convertible into or
exchangeable for any of the foregoing.

 

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

 

    10

     

    

 

“Cash”
means money, currency or a credit balance in any Deposit Account, in each case determined in accordance with GAAP.

 

“Cash Equivalents”
means, as at any date of determination, (a) readily marketable securities (i) issued or directly and unconditionally guaranteed
or insured as to interest and principal by the US government or (ii) issued by any agency or instrumentality of the US the obligations
of which are backed by the full faith and credit of the US, in each case maturing within one year after such date and, in each case, repurchase
agreements and reverse repurchase agreements relating thereto, (b) readily marketable direct obligations issued by any state of the
US or any political subdivision of any such state or any public instrumentality thereof or by any foreign government, in each case maturing
within one year after such date and having, at the time of the acquisition thereof, a rating of at least A-2 from S&P or at least
P-2 from Moody’s or at least “A” from Fitch (or, if at any time neither S&P, Moody’s nor Fitch shall be rating
such obligations, an equivalent rating from another nationally recognized statistical rating agency) and, in each case, repurchase agreements
and reverse repurchase agreements relating thereto, (c) commercial paper maturing no more than one year from the date of creation
thereof and having, at the time of the acquisition thereof, a rating of at least A-2 from S&P, at least P-2 from Moody’s or
at least “F2” from Fitch (or, if at any time neither S&P, Moody’s nor Fitch shall be rating such obligations, an
equivalent rating from another nationally recognized statistical rating agency), (d) deposits, money market deposits, time deposit
accounts, certificates of deposit or bankers’ acceptances (or similar instruments) maturing within one year after such date and
issued or accepted by any Lender or by any bank organized under, or authorized to operate as a bank under, the laws of the US, any state
thereof or the District of Columbia or any political subdivision thereof or any foreign bank or its branches or agencies in each case
organized under, or authorized to operate as bank under, the laws of any jurisdiction in which any subsidiary is organized or has operations
and that has capital and surplus of not less than $100,000,000 and, in each case, repurchase agreements and reverse repurchase agreements
relating thereto, (e) securities with maturities of six months or less from the date of acquisition backed by standby letters of
credit issued by any commercial bank having capital and surplus of not less than $100,000,000, (f) shares of any investment fund
that has (i) substantially all of its assets invested in the types of investments referred to in clauses (a) through
(e) above, (ii) net assets of not less than $250,000,000 and (iii) a rating of at least A-2 from S&P, at least
P-2 from Moody’s or at least “A” from Fitch (or, if at any time either S&P, Moody’s or Fitch are not rating
such fund, an equivalent rating from another nationally recognized statistical rating agency) and (g) solely with respect to any
Captive Insurance Subsidiary, any investment that such Captive Insurance Subsidiary is not prohibited to make in accordance with applicable
law. “Cash Equivalents” shall also include (x) Investments of the type and maturity described in clauses (a) through
(g) above of foreign obligors, which Investments or obligors (or the parent companies thereof) have the ratings described
in such clauses or equivalent ratings from comparable foreign rating agencies and (y) other short-term Investments utilized by Foreign
Subsidiaries in accordance with normal investment practices for cash management in Investments that are analogous to the Investments described
in clauses (a) through (g) and in this paragraph.

 

“Change in Law”
means (a) the adoption of any law, treaty, rule or regulation after the Closing Date, (b) any change in any law, treaty,
rule or regulation or in the interpretation or application thereof by any Governmental Authority after the Closing Date or (c) compliance
by any Lender or any Issuing Bank (or, for purposes of Section 2.15(b), by any lending office of such Lender or such Issuing
Bank or by such Lender’s or such Issuing Bank’s holding company, if any) with any request, guideline or directive (whether
or not having the force of law) of any Governmental Authority made or issued after the Closing Date (other than any such request, guideline
or directive to comply with any law, rule or regulation that was in effect on the Closing Date). For purposes of this definition
and Section 2.15, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines,
requirements and directives thereunder or issued in connection therewith or in implementation thereof and (y) all requests, rules,
guidelines, requirements or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision
(or any successor or similar authority) or US or foreign regulatory authorities, in each case pursuant to Basel III, shall in each case
described in clauses (a), (b) and (c) above, be deemed to be a Change in Law, regardless of the date enacted,
adopted, issued or implemented.

 

    11

     

    

 

“Change of Control”
means:

 

(a)           at
any time prior to a Public Company Transaction, the Permitted Holders ceasing to beneficially own, either directly or indirectly (within
the meaning of Rule 13d-3 and Rule 13d-5 under the Exchange Act), Capital Stock representing more than 50% of the total voting
power of all of the outstanding voting common stock of Holdings;

 

(b)           at
any time on or after a Public Company Transaction, a Responsible Officer of the Borrower becomes aware of the acquisition of the beneficial
ownership by any Person or group (as used in this definition, within the meaning of Section 13(d)(3) or Section 14(d)(2) of
the Exchange Act) (including any group acting for the purpose of acquiring, holding or disposing of Securities (within the meaning of
Rule 13d-5(b)(1) under the Exchange Act), but excluding (i) any employee benefit plan and/or Person acting as the trustee,
agent or other fiduciary or administrator therefor, (ii) one or more Permitted Holders and (iii) any underwriter in connection
with any Public Company Transaction), of voting common stock representing more than 50% of the total voting power of all of the outstanding
voting common stock of the relevant Public Entity; provided, that notwithstanding the provisions of this clause (b), no
 “Change of Control” shall be deemed to have occurred under this clause (b) if the Permitted Holders have the right,
by voting power, contract or otherwise, to elect or designate for election at least a majority of the board of directors of the relevant
Public Entity; and

 

(c)           the
Borrower ceasing to be a direct or indirect Wholly-Owned Subsidiary of Holdings.

 

For purposes of this definition,
(1) a Person or group shall not be deemed to beneficially own Capital Stock or voting power subject to a stock or asset purchase
agreement, merger agreement or similar agreement (or voting or similar agreement related thereto) until the consummation of the acquisition
of the Capital Stock or voting power pursuant to the transactions contemplated by such agreement, (2) if any group includes one or
more Permitted Holders, the issued and outstanding Capital Stock of the relevant Person that is directly or indirectly owned by the Permitted
Holders that are part of such group shall not be treated as being beneficially owned by such group or any other member of such group for
purposes of this definition, (3) a Person or group will not be deemed to beneficially own the Capital Stock of another Person as
a result of its ownership of the Capital Stock or other securities of such other Person’s parent company (or any related contractual
right) unless it beneficially owns or controls 50% or more of the total voting power of the Capital Stock entitled to vote for the election
of directors of such Person’s parent company having a majority of the aggregate votes on the board of directors (or equivalent governing
body) of such Person’s parent company and (4) it is understood and agreed that any transaction resulting in a Successor Borrower
or Successor Holdings in accordance with the terms hereof shall not give rise to a Change of Control.

 

“Charge”
means any fee, charge, expense, cost, accrual, reserve or loss of any kind.

 

“Charged Amounts”
has the meaning assigned to such term in Section 9.19.

 

“Class”,
when used with respect to (a) any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are Initial
Term Loans, Additional Term Loans of any series established as a separate “Class” pursuant to Section 2.22, 2.23
and/or 9.02(c)(i), Initial Revolving Loans or Additional Revolving Loans of any series established as a separate “Class”
pursuant to Section 2.22, 2.23 and/or 9.02(c)(ii), (b) any Commitment, refers to whether such Commitment
is an Initial Term Loan Commitment, an Additional Term Loan Commitment of any series established as a separate “Class” pursuant
to Section 2.22, 2.23 and/or 9.02(c)(i), an Initial Revolving Credit Commitment or an Additional Revolving Credit
Commitment of any series established as a separate “Class” pursuant to Section 2.22, 2.23 and/or 9.02(c)(ii),
(c) any Lender, refers to whether such Lender has a Loan or Commitment of a particular Class and (d) any Revolving Credit
Exposure, refers to whether such Revolving Credit Exposure is attributable to a Revolving Credit Commitment of a particular Class.

 

    12

     

    

 

“Closing Date”
means June 8, 2021, the date on which the conditions specified in Section 4.01 were satisfied (or waived in accordance
with Section 9.02).

 

“Closing Date Refinancing”
has the meaning assigned to such term in the recitals to this Agreement.

 

“CNI Growth Amount”
means, at any date of determination, for the period (treated as one accounting period) from the first day of the Fiscal Quarter of the
Borrower during which the Closing Date occurs and ending with the last Fiscal Quarter of the Borrower included in the most recently ended
Test Period, an amount (which amount shall not be less than zero for any Fiscal Quarter) determined on a cumulative basis equal to 50%
of Adjusted Consolidated Net Income for each such Fiscal Quarter included in such period (if Adjusted Consolidated Net Income for such
Fiscal Quarter is positive).

 

“Code”
means the Internal Revenue Code of 1986.

 

“Collateral”
means any and all property of any Loan Party subject (or purported to be subject) to a Lien under any Collateral Document and any and
all other property of any Loan Party, now existing or hereafter acquired, that is or becomes subject (or purported to be subject) to a
Lien pursuant to any Collateral Document to secure the Secured Obligations. For the avoidance of doubt, in no event shall “Collateral”
include any Excluded Asset.

 

“Collateral and Guarantee
Requirement” means, at any time, subject to (x) the applicable limitations set forth in this Agreement and/or any other
Loan Document and the terms of any applicable Intercreditor Agreement and (y) the time periods (and extensions thereof) set forth
in Section 5.12 and/or Section 5.15, as applicable, the requirement that:

 

(a)          on
the Closing Date, the Administrative Agent shall have received (A) each Collateral Document and Loan Guaranty listed on Schedule
1.01(e), duly executed by each Loan Party party thereto, (B) a pledge of all of the Capital Stock (together, in the case of Capital
Stock that is certificated, with undated stock or similar powers for each such certificate executed in blank by a Responsible Officer
of the pledgor thereof) listed on Schedule 3 to the Perfection Certificate, (C) each Material Debt Instrument listed on Schedule
4 to the Perfection Certificate, endorsed (without recourse) in blank or accompanied by executed transfer form in blank by the pledgor
thereof and (D) Uniform Commercial Code financing statements in appropriate form for filing in the jurisdiction of organization of
each Loan Party;

 

(b)          after
the Closing Date, in the case of any Restricted Subsidiary that is required to become (or otherwise becomes) a Loan Party after the Closing
Date the Administrative Agent shall have received:

 

(i)           (A) a
Joinder Agreement, (B) if the respective Restricted Subsidiary required to comply with the requirements set forth in this definition
pursuant to Section 5.12 owns registrations of or applications for US Patents, Trademarks and/or Copyrights that constitute
Collateral, an Intellectual Property Security Agreement, (C) a completed Perfection Certificate, (D) Uniform Commercial Code
financing statements in appropriate form for filing in such jurisdictions as the Administrative Agent may reasonably request and (E) an
executed joinder to each applicable Intercreditor Agreement in substantially the form attached as an exhibit thereto or such other form
to which the Administrative Agent may reasonably agree;

 

(ii)          each
item of Collateral that such Restricted Subsidiary is required to deliver under Section 4.02 of the Security Agreement (which,
for the avoidance of doubt, shall be delivered within the time periods set forth in Section 5.12(a)); and

 

    13

     

    

 

(iii)         in
the case of any subsidiary that has been designated as a Discretionary Guarantor (A) with respect to any such subsidiary that is
a Domestic Subsidiary, the documents described in clause (b)(i) above and (B) with respect to any such subsidiary that
is a Foreign Subsidiary, (1) a Joinder Agreement and (2) such other documentation relating to such categories of assets (other
than Excluded Assets) as the Borrower and Administrative Agent may reasonably agree;

 

(c)          with
respect to any Material Real Estate Asset acquired after the Closing Date the Administrative Agent shall have received:

 

(i)           (A) evidence
that (1) a counterpart of a Mortgage with respect to such Material Real Estate Asset has been duly executed, acknowledged and delivered
by the relevant Loan Party and such Mortgage and, to the extent the same does not serve as a fixture filing in the relevant jurisdiction,
any corresponding UCC or equivalent fixture filing, each in form suitable for filing or recording in all filing or recording offices that
the Administrative Agent may reasonably deem necessary in order to create a valid and subsisting Lien on such Material Real Estate Asset
in favor of the Administrative Agent for the benefit of the Secured Parties, (2) such Mortgage and any corresponding UCC or equivalent
fixture filings have been duly recorded or filed or delivered for recordation or filing, as applicable and (3) all filing and recording
taxes and fees have been paid or otherwise provided for in a manner reasonably satisfactory to the Administrative Agent and (B) a
Flood Certificate; and

 

(ii)          customary
legal opinions of local counsel for the relevant Loan Party in the jurisdiction in which such Material Real Estate Asset is located, and
if applicable, in the jurisdiction of formation of the relevant Loan Party, in each case as the Administrative Agent may reasonably request.

 

Notwithstanding any provision
of any Loan Document to the contrary, (a) if any mortgage tax or similar tax or charge is or will be owed on the entire amount of
the Obligations evidenced hereby, then, to the extent permitted by, and in accordance with, applicable Requirements of Law, the amount
of such mortgage tax or similar tax or charge shall be calculated based on the lesser of (x) the amount of the Obligations allocated
to the applicable Material Real Estate Asset and (y) the fair market value of the applicable Material Real Estate Asset at the time
the Mortgage is entered into and determined in a manner reasonably acceptable to Administrative Agent and the Borrower, which in the case
of clause (y) will result in a limitation of the Obligations secured by the Mortgage to such amount and (b) no Loan Party
will be required to procure title insurance or any survey with respect to any Mortgaged Property.

 

“Collateral Documents”
means, collectively, (a) the Security Agreement (and any supplement thereto delivered to the Administrative Agent), (b) each
Mortgage, (c) each Intellectual Property Security Agreement, and (d) each of the other instruments and documents pursuant to
which any Loan Party grants (or purports to grant) a Lien on any Collateral as security for payment of the Secured Obligations.

 

“Commercial Letter
of Credit” means any letter of credit issued pursuant to this Agreement for the purpose of providing the primary payment mechanism
in connection with the purchase of any materials, goods or services by the Borrower or any of its subsidiaries in the ordinary course
of business of such Person.

 

“Commercial Tort
Claim” has the meaning set forth in Article 9 of the UCC.

 

“Commitment”
means, with respect to each Lender, such Lender’s Initial Term Loan Commitment, Initial Revolving Credit Commitment and any
Additional Commitment, as applicable, in effect as of such time.

 

    14

     

    

 

 

“Commitment Fee Rate”
means, on any date (a) with respect to the Initial Revolving Credit Commitments, the applicable rate per annum set forth below based
upon the First Lien Net Leverage Ratio; provided, that until the first Adjustment Date following the completion of at least one
full Fiscal Quarter after the Closing Date, “Commitment Fee Rate” shall be the applicable rate per annum set forth below in
Category 1 and (b) with respect to Additional Revolving Credit Commitments of any Class, the rate or rates per annum specified
in the applicable Refinancing Amendment, Incremental Facility Amendment or Extension Amendment:

 

	First Lien Net Leverage Ratio	 	Commitment Fee Rate	 
	Category 1	 	 	 
	Greater than 4.25 to 1.00	 	0.50	%
	Category 2	 	 	 
	Equal to or less than 4.25 to 1.00 and greater than 3.75 to 1.00	 	0.375	%
	Category 3	 	 	 
	Equal to or less than 3.75 to 1.00	 	0.25	%

 

The Commitment Fee Rate with
respect to the Initial Revolving Credit Commitment shall be adjusted quarterly on a prospective basis on each Adjustment Date based upon
the First Lien Net Leverage Ratio in accordance with the table set forth above; provided that if financial statements are not delivered
when required pursuant to Section 5.01(a) or (b), as applicable, at the election of the Required Revolving Lenders,
the Commitment Fee Rate shall be the rate per annum set forth above in Category 1 until such financial statements are delivered in compliance
with Section 5.01(a) or (b), as applicable.

 

“Commitment Schedule”
means the Schedule attached hereto as Schedule 1.01(a).

 

“Commodity Exchange
Act” means the Commodity Exchange Act (7 USC. § 1 et seq.).

 

“Company Competitor”
means any competitor of the Borrower and/or any of its subsidiaries.

 

“Competitor Debt
Fund Affiliate” means, with respect to any Company Competitor or any Affiliate thereof, any debt fund, investment vehicle, regulated
bank entity or unregulated lending entity (in each case, other than any Disqualified Lending Institution or any Excluded Party) that is
(a) primarily engaged in making, purchasing, holding or otherwise investing in commercial loans and similar extensions of credit
in the ordinary course of business for financial investment purposes (but not with a view towards (i) owning the borrower or issuer
of any such loan or similar extension of credit or (ii) investing in special or opportunistic situations) and (b) managed, sponsored
or advised by any person that is controlling, controlled by or under common control with the relevant Company Competitor or Affiliate
thereof, but only to the extent that no personnel involved with the investment in the relevant Company Competitor or its Affiliates, or
the management, control or operation thereof, (i) makes (or has the right to make or participate with others in making) investment
decisions on behalf of, or otherwise cause the direction of the investment policies of, such debt fund, investment vehicle, regulated
bank entity or unregulated entity or (ii) has access to any information (other than information that is publicly available) relating
to the Borrower and/or any entity that forms part of its business (including any of its subsidiaries).

 

“Compliance Certificate”
means a Compliance Certificate substantially in the form of Exhibit D or such other form to which the Borrower and the Administrative
Agent may reasonably agree.

 

“Confidential Information”
has the meaning assigned to such term in Section 9.13.

 

    15

     

    

 

“Consolidated Adjusted
EBITDA” means, with respect to any Person on a consolidated basis for any period, the sum of:

 

(a)            Consolidated
Net Income for such period; plus

 

(b)            to
the extent not otherwise included in the determination of Consolidated Net Income for such period, the amount of any proceeds of any business
interruption insurance policy (whether or not then received so long as such Person in good faith expects to receive such proceeds); plus

 

(c)            without
duplication, those amounts which, in the determination of Consolidated Net Income for such period, have been deducted for:

 

(i)            Consolidated
Interest Expense; plus

 

(ii)            losses
or discounts on sales or other payments of receivables and related assets in connection with any Receivables Facility or similar arrangement;
plus

 

(iii)            Taxes
paid and any provision for Taxes, including income, capital, federal, provincial, state, franchise, excise, value added and similar Taxes,
property Taxes, foreign withholding Taxes and foreign unreimbursed value added Taxes (including penalties and interest related to any
such Tax or arising from any Tax examination, and including pursuant to any Tax sharing arrangement or as a result of any intercompany
distribution) of such Person paid or accrued during such period; plus

 

(iv)            (A) all
depreciation and amortization (including, without limitation, amortization of goodwill, software and other intangible assets), (B) all
impairment Charges, including any bad debt expense, and (C) all asset write-offs and/or write-downs, including any amortization or
write-off of (1) intangible assets and non-cash organization costs, (2) deferred financing and debt issuance fees, costs and
expenses, (3) capitalized expenditures (including capitalized software expenditures), customer acquisition costs and incentive payments,
(4) media development costs, conversion costs and contract acquisition costs, (5) the amortization of original issue discount
resulting from the issuance or incurrence of Indebtedness at less than par, (6) the amortization of favorable or unfavorable lease
assets or liabilities and/or (7) capitalized fees relating to any Receivables Facility; plus

 

(v)            any
earn-out and/or contingent consideration obligation (including those accounted for as bonuses, compensation or otherwise) and any adjustment
thereof incurred in connection with the Transactions and/or any acquisition and/or other Investment (whether or not consummated) which
is paid or accrued during such period and, in each case, adjustments thereof; plus

 

(vi)            any
non-cash Charge, including the excess of GAAP rent expense over actual cash rent paid during such period due to the use of straight line
rent for GAAP purposes (provided, that to the extent that any such non-cash Charge represents an accrual or reserve for any potential
cash item in any future period, (A) such Person may elect not to add back such non-cash Charge in the current period and (B) to
the extent such Person elects to add back such non-cash Charge in the current period, the cash payment in respect thereof in such future
period shall not be added back to Consolidated Adjusted EBITDA to such extent); plus

 

(vii)            any
non-cash compensation Charge and/or any other non-cash Charge arising from the granting of any stock option or similar arrangement (including
any profits interest), the granting of any stock appreciation right and/or similar arrangement (including any repricing, amendment, modification,
substitution or change of any such stock option, stock appreciation right, profits interest or similar arrangement); plus

 

    16

     

    

 

(viii)            (A) Transaction
Costs, (B) any Charge incurred in connection with any transaction (in each case, whether or not consummated and whether or not permitted
under this Agreement), including (1) any issuance and/or incurrence of Indebtedness (including any Charge that would constitute a
Public Company Cost), any Receivables Facility (including commissions, discounts, yield, interest expense and similar fees and charges
relating thereto) and/or any issuance and/or offering of Capital Stock (including, in each case, by any Parent Company), any acquisition
or other Investment, any Disposition, any recapitalization, any merger, consolidation or amalgamation, any option buyout or any repayment,
redemption, refinancing, amendment or modification of Indebtedness (including any amortization or write-off of debt issuance or deferred
financing costs, premiums and prepayment penalties) or any similar transaction, (2) in connection with any Public Company Transaction
(whether or not consummated), including any Charge that would constitute a Public Company Cost and/or (3) equipment leases and/or
equipment financings, (C) the amount of any Charge that is actually reimbursed or reimbursable by any third party pursuant to any
indemnification or reimbursement provision or similar agreement (including any purchase price adjustment) or insurance; provided
that in respect of any Charge that is added back in reliance on this clause (C), the relevant Person in good faith expects
to receive reimbursement for such Charge and/or (D) Public Company Costs; plus

 

(ix)            any
Charge or deduction that is associated with any Restricted Subsidiary and attributable to any non-controlling interest and/or minority
interest of any third party; plus

 

(x)            without
duplication of any amount referred to in clause (b) above, the amount of (A) any Charge to the extent that a corresponding
amount is received in cash by such Person from a Person other than such Person or any Restricted Subsidiary of such Person under any agreement
providing for reimbursement of such Charge or (B) any Charge with respect to any liability or casualty event, business interruption
or any product recall, (i) so long as such Person has submitted in good faith, and reasonably expects to receive payment in connection
with, a claim for reimbursement of such amounts under its relevant insurance policy or (ii) without duplication of any amount included
in a prior period under clause (B)(i) above, to the extent such Charge is covered by insurance proceeds received in cash during
such period (it being understood that if the amount received in cash under any such agreement in any period exceeds the amount of any
Charge paid during such period such excess amounts received may be carried forward and applied against any Charge in any future period);
plus

 

(xi)            (A) the
amount of management, monitoring, consulting, transaction and advisory fees and related indemnities and/or expenses (including reimbursements)
pursuant to any sponsor management agreement (including prior to the Closing Date) and any payment made to any Investor (and/or its Affiliates
or management companies) for any financial advisory, financing, underwriting or placement services or in respect of other investment banking
activities and/or payments to outside directors of the Borrower, Holdings or any other Parent Company actually paid by or on behalf of,
or accrued by, such Person or any of its subsidiaries; provided, that, in each case, such payment is permitted under this Agreement
and (B) to the extent the relevant payment is permitted hereunder, the amount of any payment to any holder of any option in respect
of the Capital Stock of the Borrower, Holdings and/or any other Parent Company in lieu of a Restricted Payment, which payment is made
to compensate such optionholder as if it was an equity holder at the time of the relevant Restricted Payment; plus

 

    17

     

    

 

(xii)            any
Charge attributable to the undertaking and/or implementation of new initiatives, business optimization activities, cost savings initiatives,
cost rationalization programs, operating improvements and/or expense reductions and/or synergies and/or similar initiatives and/or programs
(including in connection with any integration, operational improvement, restructuring or transition, any reconstruction, decommissioning,
recommissioning or reconfiguration of fixed assets for alternative uses, any facility opening and/or pre-opening), any inventory optimization
program and/or any curtailment, any business optimization Charge, any restructuring and/or integration Charge (including any Charge relating
to any Tax restructuring), any Charge relating to the closure or consolidation of any facility (including but not limited to rent termination
costs, moving costs and legal costs), any systems implementation Charge, any severance Charge, any Charge relating to any strategic initiative,
any signing Charge, any Charge relating to any retention or completion bonus, any expansion and/or relocation Charge, any Charge associated
with any modification to any pension or other post-retirement employee benefit plan, any software or intellectual property development
Charge, any Charge associated with system design, update and/or establishment, any upgrade Charge, any platform optimization Charge, any
new system implementation Charge, any startup and/or expansion Charge (including administrative, overhead, staffing and related costs
and expenses), any Charge in connection with new and/or expanded operations, any Charge in connection with unused warehouse space or unused
manufacturing facilities, any Charge relating to a new contract, any consulting Charge, or any corporate development Charge, any Charge
incurred in connection with software, product and/or intellectual property development, any Charge relating to any distribution network
and/or sales channel, any Charge in connection with any exit from, wind down or termination of any line of business, any Charge related
to any customer dispute and/or any Charge in connection with the implementation, replacement, development or upgrade of any operational,
reporting and/or information technology system and/or technology initiative; plus

 

(xiii)            any
Charge incurred or accrued in connection with any single or one-time event, including in connection with (A) any acquisition or similar
Investment consummated after the Closing Date, (B) the closing, consolidation, opening or reconfiguration of any facility during
such period, (C) any restructuring Charge, (D) one-time consulting costs or expenses and/or (E) any litigation or other
legal matter; plus

 

(xiv)            any
Charge relating to entry into a new market or the sale of products in new locations (including, without limitation, start-up costs, slotting
fees (including in connection with the buyout of existing merchandise), new fixture freight costs, initial testing and registration costs
in new markets, the cost of feasibility studies, travel costs for employees engaged in activities relating to any or all of the foregoing
and the allocation of general and administrative support in connection with any and all of the foregoing); plus

 

(xv)            excess
owners’ and management compensation, perquisites, above-market rent, cash accrual and accounting differences and personal expenses
paid or accrued prior to the Closing Date and/or attributable to the target of any acquisition or similar Investment permitted hereunder;
plus

 

(xvi)            any
add-back, adjustment and/or exclusion of the type reflected in (i) the Financial Model and/or (ii) any quality of earnings report
prepared by any independent registered public accountant of recognized national standing or any other accounting firm reasonably acceptable
to the Administrative Agent, in each case, delivered to the Administrative Agent (including, for the avoidance of doubt, in connection
with any acquisition or similar investment prior to or after the Closing Date); plus

 

(d)            to
the extent not included in Consolidated Net Income for such period, cash actually received (or any netting arrangement resulting in reduced
cash expenditures) during such period in respect of any non-cash income or gain that was deducted in the calculation of Consolidated Adjusted
EBITDA (including any component definition) pursuant to clause (j) below for any previous period and not added back; plus

 

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(e)            the
full pro forma “run rate” expected cost savings, operating expense reductions, operational improvements, cost synergies and/or
revenue synergies (collectively, “Run-Rate Synergies”) (net of actual amounts realized) that are reasonably identifiable
(in the good faith determination of such Person) related to (A) the Transactions, (B) any asset sale, merger or other business
combination, Investment, Disposition, operating improvement, expense reduction, restructuring, cost savings initiative, revenue enhancement
initiative and/or any initiative similar to any of the foregoing (including the entry into or renegotiation of any contract and/or other
arrangement (including any such contract and/or other arrangement in respect of which binding commitments have been provided)) and/or
specified transaction (each, a “Business Optimization Initiative”), in each case, consummated or implemented prior
to or on the Closing Date and (C) any Business Optimization Initiative consummated or implemented after the Closing Date; provided
that, with respect to this clause (C), the relevant Business Optimization Initiative resulting in (or substantial steps toward
the relevant Business Optimization Initiative that would result in) such Run-Rate Synergies must either be taken or expected to be taken
within 24 months following the applicable date of determination; plus

 

(f)            [Reserved];
plus

 

(g)            [Reserved];
plus

 

(h)            to
the extent not otherwise included in calculating Consolidated Net Income, the amount of any distribution received by such Person from
any Unrestricted Subsidiary; plus

 

(i)            to
the extent reasonably identifiable, pro forma “run-rate” adjustments in an amount of any incremental value (if positive) of
the relevant Person and its Restricted Subsidiaries that such Person in good faith reasonably believes would have been or will be realized
or achieved as a contribution to Consolidated Adjusted EBITDA from (i) any increased pricing or volume initiative (including as a
result of any “price” commitment or similar document collectively, “New Pricing or Volume”) and/or (ii) the
entry into (and performance under) (A) any binding and effective new agreement with any new customers or (B) if the same generates
incremental contract value, any new agreement (or any amendment to any existing agreement) with any existing customer (collectively, “New
Contracts”) during the relevant period as if the relevant New Contract or New Pricing or Volume had been effective and, in the
case of New Contracts performance thereunder, had commenced as of the beginning of the relevant period (which incremental value shall
be calculated on a pro forma basis as though the full run rate effect of such incremental value had been realized as a contribution to
Consolidated Adjusted EBITDA on the first day of such period), including, without limitation, such incremental value attributable to any
New Contract or New Pricing or Volume that is in excess of (but without duplication of) the value attributable to any New Contract or
New Pricing or Volume that has been actually realized as a contribution to Consolidated Adjusted EBITDA during such period; minus

 

(j)            any
amount which, in the determination of Consolidated Net Income for such period, has been added for any non-cash income or non-cash gain,
all as determined in accordance with GAAP; provided that if any non-cash income or non-cash gain represents an accrual or deferred
income in respect of potential cash items in any future period, such Person may determine not to deduct the relevant non-cash gain or
income in the then-current period; minus

 

(k)            the
amount of any cash payment made during such period in respect of any non-cash accrual, reserve or other non-cash Charge that (A) is
accounted for in a prior period, (B) was added to Consolidated Net Income to determine Consolidated Adjusted EBITDA for such prior
period and (C) does not otherwise reduce Consolidated Net Income for the current period.

 

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Notwithstanding anything to
the contrary herein, it is agreed that for the purpose of calculating the First Lien Net Leverage Ratio, the Secured Net Leverage Ratio,
the Total Net Leverage Ratio, the Interest Coverage Ratio and/or the amount of any basket based on a percentage of Consolidated Adjusted
EBITDA for any period that includes any Fiscal Quarter listed in the table set forth below, Consolidated Adjusted EBITDA for any Fiscal
Quarter referenced in the table set forth below shall be the amount set forth opposite such Fiscal Quarter in the table set forth below,
in each case as adjusted on a Pro Forma Basis.

 

	Fiscal Quarter Ended On or About	 	Consolidated Adjusted EBITDA	 
	June 27, 2020	 	$	36,300,000	 
	September 26, 2020	 	$	27,400,000	 
	January 2, 2021	 	$	26,500,000	 
	April 3, 2021	 	$	38,500,000	 

 

“Consolidated First
Lien Debt” means, as to any Person at any date of determination, the aggregate principal amount of Consolidated Total Debt outstanding
on such date that is secured by a Lien on substantially all of the Collateral and that constitutes First Lien Debt.

 

“Consolidated Interest
Expense” means, with respect to any Person for any period, the sum of (a) consolidated total interest expense of such Person
and its Restricted Subsidiaries for such period, whether paid or accrued and whether or not capitalized, (including, without limitation
and without duplication, amortization of any debt issuance cost, original issue discount, any premium paid to obtain payment, financial
assurance or similar bonds, any interest capitalized during construction, any non-cash interest payment, the interest component of any
deferred payment obligation, the interest component of any payment under any Capital Lease (regardless of whether accounted for as interest
expense under GAAP), any commission, discount and/or other fee or charge owed with respect to any letter of credit and/or bankers’
acceptance, any fee and/or expense paid to the Administrative Agent in connection with its services hereunder, any other bank, administrative
agency (or trustee) and/or financing fee, to the extent not otherwise included in consolidated total interest expense, customary commissions,
discounts, yield and other fees and charges (including interest expense) relating to any Receivables Facility and any cost associated
with any surety bond in connection with financing activities (whether amortized or immediately expensed)) plus (b) any cash
dividend paid or payable in respect of Disqualified Capital Stock during such period other than to such Person or any Loan Party, plus
(c) any net losses or obligations arising from any Hedge Agreement and/or other derivative financial instrument issued by such Person
for the benefit of such Person or its subsidiaries, in each case, determined on a consolidated basis for such period. For purposes of
this definition, interest in respect of any Capital Lease shall be deemed to accrue at an interest rate reasonably determined by such
Person to be the rate of interest implicit in such Capital Lease in accordance with GAAP.

 

“Consolidated Net
Income” means, in respect of any period and as determined for any Person (the “Subject Person”) on a consolidated
basis, an amount equal to the sum of net income, determined in accordance with GAAP, but excluding:

 

(a)            (i) the
income of any Person (other than the Subject Person or a Restricted Subsidiary of the Subject Person) in which any other Person (other
than the Subject Person or any Restricted Subsidiary of the Subject Person) has a joint interest, except to the extent of the amount of
dividends, distributions or other payments (including any ordinary course dividend, distribution or other payment) paid in cash (or to
the extent converted into cash) to the Subject Person or any of its Restricted Subsidiaries by such Person during such period and (ii) the
loss of any Person (other than the Subject Person or a Restricted Subsidiary of the Subject Person (or a Person who, if a subsidiary of
the Subject Person, would be a Restricted Subsidiary of the Subject Person)) in which any other Person (other than the Subject Person
or any of its Restricted Subsidiaries) has a joint interest, other than to the extent that the Subject Person or any of its Restricted
Subsidiaries has contributed Cash or Cash Equivalents to such Person in respect of such loss during such period;

 

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(b)            any
gain or Charge attributable to any asset Dispositions (including asset retirement costs and including any abandonment of assets) or of
returned surplus assets outside the ordinary course of business;

 

(c)            (i) any
Charge from (A) any extraordinary item (as determined in good faith by such Person) and/or (B) any unusual, non-recurring, infrequent
and/or exceptional item (as determined in good faith by such Person) and/or (ii) any Charge attributable to and/or payment of any
legal settlement, fine, judgment or order;

 

(d)            any
net gain or Charge with respect to, or in connection with, (i) any disposed, abandoned, divested and/or discontinued asset, property
or operation (other than, at the option of such Person, any gain or Charge relating to any asset, property or operation held for sale
or pending the divestiture and/or termination thereof), (ii) any disposal, abandonment, divestiture and/or discontinuation of any
asset, property or operation outside the ordinary course of business (including any asset retirement cost) (other than, at the option
of such Person, any gain or Charge relating to assets or properties held for sale or pending the divestiture or termination thereof) and/or
(iii) any facility that has been closed during such period;

 

(e)            (i) any
write-off or amortization made of any deferred financing cost and/or premium paid and (ii) any Charge attributable to the early extinguishment
of Indebtedness (and the termination of any associated Hedge Agreement);

 

(f)            (i) any
Charge incurred as a result of, pursuant to or in connection with any management equity plan, bonus or other incentive plan, profits interest
plan or stock option plan or any other management or employee benefit plan or agreement, pension plan or other long-term or post-employment
plan (including any post-employment benefit scheme which has been agreed with the relevant pension trustee), any stock subscription or
shareholder agreement, any employee benefit trust, any employment benefit scheme or any similar equity plan or agreement (including any
deferred compensation arrangement) and (ii) any Charge incurred in connection with the rollover, acceleration or payout of Capital
Stock held by management; provided, that, in the case of clause (ii), to the extent that any such Charge is a cash charge,
such Charge shall only be excluded to the extent the same is funded with net cash proceeds contributed to relevant Person as a capital
contribution or as a result of the sale or issuance of Qualified Capital Stock;

 

(g)            any
Charge that is established, adjusted and/or incurred, as applicable, (i) within 12 months after the Closing Date that is required
to be established, adjusted or incurred, as applicable, as a result of the Transactions in accordance with GAAP, (ii) within 12 months
after the closing of any other acquisition or similar Investment that is required to be established, adjusted or incurred, as applicable,
as a result of such acquisition in accordance with GAAP or (iii) as a result of any change in, or the adoption or modification of,
accounting principles and/or policies in accordance with GAAP;

 

(h)            (i) the
effects of adjustments (including the effects of such adjustments pushed down to the relevant Person and its subsidiaries) in component
amounts required or permitted by GAAP (including in the inventory, property and equipment, leases, rights fee arrangements, software,
goodwill, intangible assets, in-process research and development, deferred revenue, advanced billing and debt line items thereof), resulting
from the application of purchase accounting, recapitalization accounting and/or acquisition method accounting, as applicable, in relation
to the Transactions or any consummated acquisition or other Investment or the amortization or write-off of any amount thereof, and (ii) the
cumulative effect of changes (effected through cumulative effect adjustment or retroactive application) in, and/or any change resulting
from the adoption or modification of, accounting principles or policies made in such period in accordance with GAAP which affect Consolidated
Net Income (except that, if such Person determines in good faith that the cumulative effects thereof are not material to the interests
of the Lenders, the effects of any change, adoption or modification of any such principles or policies may be included in any subsequent
period after the Fiscal Quarter in which such change, adoption or modification was made);

 

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(i)            solely
for the purpose of calculating Excess Cash Flow, the income or loss of any Person accrued prior to the date on which such Person becomes
a Restricted Subsidiary of such Person or is merged into or consolidated with such Person or any Restricted Subsidiary of such Person
or the date that such other Person’s assets are acquired by such Person or any Restricted Subsidiary of such Person;

 

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

 

(k)            any
deferred Tax expense associated with any tax deduction or net operating loss arising as a result of the Transactions, or the release of
any valuation allowance related to any such item;

 

(l)            any
non-cash (and, with respect to clause (ii), cash) Charge (including any implementation Charge) (other than any write-down of current
assets) (including non-cash compensation expense and any amount representing any non-cash adjustment) required by the application of (i) FASB
Statement No. 144, (ii) FASB Statement No. 141R, (iii) FASB Statement No. 142 and (iv) Accounting Standards
Update No. 2014-09, Revenue from Contracts with Customers;

 

(m)            any
cash or non-cash Charge required by the application of FASB Statement No. 141R to be expensed by such Person and/or any Restricted
Subsidiary during the applicable period; and

 

(n)            (i) any
one-time cumulative effect adjustment resulting from any change in accounting for revenue required by Accounting Standards Codification
606 or its replacement) and/or (ii) any Charge incurred in connection with the implementation of ASC 606.

 

“Consolidated Secured
Debt” means, as to any Person at any date of determination, the aggregate principal amount of Consolidated Total Debt outstanding
on such date that is secured by a Lien on substantially all of the Collateral.

 

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

 

“Consolidated Total
Debt” means, as to any Person at any date of determination, (x) the aggregate outstanding principal amount of all third
party debt for borrowed money (including LC Disbursements that have not been reimbursed within three Business Days and excluding, for
the avoidance of doubt, undrawn letters of credit), (y) to extent constituting Indebtedness, obligations in respect of Capital Leases
and (z) the aggregate outstanding principal amount of all purchase money Indebtedness, in each case, as such amount may be adjusted
to reflect the effect (as determined by the Borrower in good faith) of any Debt FX Hedge, calculated on a mark-to-market basis; provided,
that “Consolidated Total Debt” shall be calculated (a) net of the Unrestricted Cash Amount and (b) excluding (i) any
obligation, liability or indebtedness of such Person if, upon or prior to the maturity thereof, such Person has irrevocably deposited
with the proper Person in trust or escrow the necessary funds (or evidences of indebtedness) for the payment, redemption or satisfaction
of such obligation, liability or indebtedness, and thereafter such funds and evidences of such obligation, liability or indebtedness or
other security so deposited are not included in the calculation of the Unrestricted Cash Amount, (ii) any debt the proceeds of which
are held in Escrow and (iii) (A) amounts owing under any Receivables Facility, (B) Indebtedness outstanding under any revolving
facility (including, for the avoidance of doubt, the Revolving Facility) which was borrowed for purposes of funding working capital and
(C) obligations under the Noosa Lease Agreement.

 

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“Consolidated Working
Capital” means, as at any date of determination, the excess of Current Assets over Current Liabilities.

 

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

 

“Contribution Indebtedness
Amount” has the meaning assigned to such term in Section 6.01(r).

 

“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.

 

“Convertible Indebtedness”
means Indebtedness of the Public Entity (which may be guaranteed by any Loan Party) that is (a) permitted to be incurred hereunder
and (b) either (i) convertible into common equity of the Public Entity (and cash in lieu of fractional shares) and/or cash (in
an amount determined by reference to the price of such common equity) or (ii) sold as a unit with any call option, warrant and/or
right to purchase (or any substantially equivalent derivative transaction) that is exercisable for common equity of the Public Entity
and/or cash (in an amount determined by reference to the price of such common equity).

 

“Copyright”
means the following: (a) all copyrights, rights and interests in copyrights, works protectable by copyright whether published or
unpublished, copyright registrations and copyright applications; (b) all renewals of any of the foregoing; (c) all income, royalties,
damages, and payments now or hereafter due and/or payable under any of the foregoing, including, without limitation, damages or payments
for past or future infringements for any of the foregoing; (d) the right to sue for past, present, and future infringements of any
of the foregoing; and (e) all rights corresponding to any of the foregoing.

 

“Corresponding Amount”
has the meaning assigned to such term in Section 8.14(c).

 

“Covered Party”
has the meaning assigned to such term in Section 9.26(a).

 

“Credit Extension”
means each of (a) the making of a Revolving Loan (other than any Letter of Credit Reimbursement Loan) or (b) the issuance, amendment,
modification, renewal or extension of any Letter of Credit (other than any such amendment, modification, renewal or extension that does
not increase the Stated Amount of the relevant Letter of Credit).

 

“Credit Suisse”
has the meaning assigned to such term in the preamble.

 

“Credit Facilities”
means the Revolving Facility and the Term Facility.

 

“Credit Party”
has the meaning assigned to such term in Section 9.14.

 

“Cure Amount”
has the meaning assigned to such term in Section 6.10(b).

 

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“Cure Right”
has the meaning assigned to such term in Section 6.10(b).

 

“Cured Default”
has the meaning assigned to such term in Section 1.15(b).

 

“Current Assets”
means, at any date, (a) all assets of the Borrower and its Restricted Subsidiaries which under GAAP would be classified as current
assets (excluding any (i) cash or Cash Equivalents (including cash and Cash Equivalents held on deposit for third parties by the
Borrower and/or any Restricted Subsidiary), (ii) permitted loans to third parties, (iii) deferred bank fees and derivative financial
instruments related to Indebtedness, (iv) the current portion of current and deferred Taxes and (v) management fees receivables)
and (b) in the event that any Receivables Facility is accounted for off-balance sheet, (i) gross receivables subject to such
Receivables Facility minus (ii) collections against the amounts sold pursuant to such Receivables Facility.

 

“Current Liabilities”
means, at any date, all liabilities of the Borrower and its Restricted Subsidiaries which under GAAP would be classified as current liabilities,
other than (i) short term debts, including current maturities of long term debt, (ii) outstanding revolving loans and letter
of credit exposure, (iii) accruals of Consolidated Interest Expense (excluding Consolidated Interest Expense that is due and unpaid),
(iv) obligations in respect of derivative financial instruments related to Indebtedness, (v) the current portion of current
and deferred Taxes, (vi) liabilities in respect of unpaid earnouts or unpaid acquisition, disposition or refinancing related expenses,
deferred purchase price holdbacks, (vii) accruals relating to restructuring reserves, (viii) liabilities in respect of funds
of third parties on deposit with the Borrower and/or any Restricted Subsidiary, (ix) management fees payables, (x) the current
portion of any Capital Lease Obligation, (xi) the current portion of any other long term liability for Indebtedness, (xii) accrued
settlement costs, (xiii) non-cash compensation costs and expenses, (xiv) deferred revenue arising from cash receipts that are
earmarked for specific projects and (xv) any other liabilities that are not Indebtedness and will not be settled in Cash or Cash
Equivalents during the next succeeding twelve month period after such date.

 

“Customary Bridge
Loans” means bridge loans with a maturity date of not longer than one year; provided that (a) the Weighted Average
Life to Maturity of any loan, note, security or other Indebtedness which is exchanged for or otherwise replaces (or is to be exchanged
for or otherwise replace) such bridge loans is not shorter than the Weighted Average Life to Maturity of any Class of then-existing
Term Loans and (b) the final maturity date of any loan, note, security or other Indebtedness which is exchanged for or otherwise
replaces (or is to be exchanged for or otherwise replace) such bridge loans is not earlier than the Latest Term Loan Maturity Date on
the date of the issuance or incurrence thereof.

 

“Customary Term A
Loans” means term loans that (a) have scheduled amortization of 2.50% or more per annum in at least three years during
the term thereof, (b) have a final maturity date of five years or less and (c) are primarily syndicated to commercial and/or
investment banks (as determined by the Borrower in good faith).

 

“De Minimis ECF Threshold”
has the meaning assigned to such term in Section 2.11(b)(i).

 

“De Minimis Proceeds”
has the meaning assigned to such term in Section 2.11(b)(ii).

 

“De Minimis Proceeds
Threshold” has the meaning assigned to such term in Section 2.11(b)(ii).

 

“Debt Fund Affiliate”
means any Affiliate of Advent (other than a natural Person) that is a bona fide debt fund or other investment vehicle (in each case with
one or more bona fide investors to whom its managers owe fiduciary duties independent of their fiduciary duties to Advent) that is primarily
engaged in, or advises funds or other investment vehicles that are engaged in, making, purchasing, holding or otherwise investing in commercial
loans, bonds and similar extensions of credit in the ordinary course.

 

“Debt FX Hedge”
means any Hedge Agreement entered into for the purpose of hedging currency related risks in respect of any Indebtedness of the type described
in the definition of “Consolidated Total Debt”.

 

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

 

“Declined Proceeds”
has the meaning assigned to such term in Section 2.11(b)(v).

 

“Default”
means any event or condition which upon notice, lapse of time or both would become an Event of Default.

 

“Defaulting Lender”
means any Person that has (a) defaulted in (or is otherwise unable to perform) its obligations under this Agreement, including its
obligations, (x) to make a Loan within two Business Days of the date required to be made by it hereunder or (y) to fund its
participation in a Letter of Credit required to be funded by it hereunder within two Business Days of the date such obligation arose or
such Loan or Letter of Credit was required to be made or funded, unless, in the case of subclause (x) above, such Person notifies
the Administrative Agent in writing that such failure is the result of such Person’s good faith determination that a condition precedent
to funding (specifically identified and including the particular default, if any) has not been satisfied, (b) notified the Administrative
Agent, any Issuing Bank or the Borrower in writing that it does not intend to satisfy or perform any such obligation or has made a public
statement to the effect that it does not intend to comply with its funding or other obligations under this Agreement or under agreements
in which it commits to extend credit generally (unless such writing indicates that such position is based on such Person’s good
faith determination that a condition precedent (specifically identified and including the particular default, if any) to funding a Loan
cannot be satisfied), (c) failed, within two Business Days after the request of the Administrative Agent or the Borrower, to confirm
in writing that it will comply with the terms of this Agreement relating to its obligations to fund any prospective Loan and/or any participation
in any then outstanding Letter of Credit; provided that such Person shall cease to be a Defaulting Lender pursuant to this clause
(c) upon receipt of such written confirmation by the Administrative Agent, (d) become (or any parent company thereof has
become) insolvent or been determined by any Governmental Authority having regulatory authority over such Person or its assets, to be insolvent,
or the assets or management of which has been taken over by any Governmental Authority or (e)(i) become (or any parent company thereof
has become) either the subject of (A) a bankruptcy or insolvency proceeding or (B) a Bail-In Action, (ii) has had a receiver,
conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation
of its business or custodian, appointed for it, or (iii) has taken any action in furtherance of, or indicating its consent to, approval
of or acquiescence in, any such proceeding or appointment, unless in the case of any Person subject to this clause (e), the Borrower
and the Administrative Agent have each determined that such Person intends, and has all approvals required to enable it (in form and substance
satisfactory to the Borrower and the Administrative Agent), to continue to perform its obligations hereunder; provided that no
Person shall be deemed to be a Defaulting Lender solely by virtue of the ownership or acquisition of any Capital Stock in such Person
or its parent by any Governmental Authority; provided that such action does not result in or provide such Person with immunity
from the jurisdiction of courts within the US or from the enforcement of judgments or writs of attachment on its assets or permit such
Person (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contract or agreement to which such Person is a
party.

 

“Delaware Divided
LLC” means any Delaware LLC which has been formed upon the consummation of a Delaware LLC Division.

 

“Delaware LLC”
means any limited liability company organized or formed under the laws of the State of Delaware.

 

“Delaware LLC Division”
means the statutory division of any Delaware LLC into two or more Delaware LLCs pursuant to Section 18-217 of the Delaware Limited
Liability Company Act.

 

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

 

“Derivative Transaction”
means (a) any interest-rate transaction, including any interest-rate swap, basis swap, forward rate agreement, interest rate option
(including a cap, collar or floor), and any other instrument linked to interest rates that gives rise to similar credit risks (including
when-issued securities and forward deposits accepted), (b) any exchange-rate transaction, including any cross-currency interest-rate
swap, any forward foreign-exchange contract, any currency option, and any other instrument linked to exchange rates that gives rise to
similar credit risks, (c) any equity derivative transaction, including any equity-linked swap, any equity-linked option, any forward
equity-linked contract, and any other instrument linked to equities that gives rise to similar credit risk and (d) any commodity
(including precious metal) derivative transaction, including any commodity-linked swap, any commodity-linked option, any forward commodity-linked
contract, and any other instrument linked to commodities that gives rise to similar credit risks; provided, that no phantom stock
or similar plan providing for payments only on account of services provided by current or former directors, officers, employees, members
of management, managers or consultants of the Borrower or its subsidiaries shall be a Derivative Transaction.

 

“Designated Non-Cash
Consideration” means the fair market value (as determined by the Borrower in good faith) of non-Cash consideration received
by the Borrower or any Restricted Subsidiary in connection with any Disposition pursuant to Section 6.07(h) that is designated
as Designated Non-Cash Consideration pursuant to a certificate of a Responsible Officer of the Borrower, setting forth the basis of such
valuation (which amount will be reduced by the amount of Cash or Cash Equivalents received in connection with a subsequent sale or conversion
of such Designated Non-Cash Consideration to Cash or Cash Equivalents).

 

“Designated Operational
FX Hedge” means any Hedge Agreement (a) entered into for the purpose of hedging currency-related risks in respect of the
revenues, cash flows or other balance sheet items of the Borrower and/or any of its subsidiaries and (b) designated at the time entered
into (or on or prior to the Closing Date, with respect to any Hedge Agreement entered into on or prior to the Closing Date) as a Designated
Operational FX Hedge by the Borrower in a writing delivered to the Administrative Agent.

 

“Discretionary Guarantor”
has the meaning assigned to such term in Section 5.12(c).

 

“Disposition”
or “Dispose” means the sale, lease, sublease, or other disposition of any property of any Person, including
any disposition of property to a Delaware Divided LLC pursuant to a Delaware LLC Division.

 

“Disqualified
Capital Stock” means any Capital Stock which, by its terms (or by the terms of any security into which it is convertible or
for which it is exchangeable), or upon the happening of any event, (a) matures (excluding any maturity as the result of an optional
redemption by the issuer thereof) or is mandatorily redeemable (other than for Qualified Capital Stock), pursuant to a sinking fund obligation
or otherwise, or is redeemable at the option of the holder thereof (other than for Qualified Capital Stock), in whole or in part, on or
prior to the date that is 91 days following the Latest Maturity Date at the time such Capital Stock is issued (it being understood
that if any such redemption is in part, only such part coming into effect prior to the date that is 91 days following the Latest Maturity
Date shall constitute Disqualified Capital Stock), (b) is or becomes convertible into or exchangeable (unless at the sole option
of the issuer thereof) for (i) debt securities or (ii) any Capital Stock that would constitute Disqualified Capital Stock, in
each case at any time on or prior to the date that is 91 days following the Latest Maturity Date at the time such Capital Stock is issued
or (c) contains any mandatory repurchase obligation (other than for Qualified Capital Stock), in whole or in part, which may come
into effect prior to the date that is 91 days following the Latest Maturity Date at the time such Capital Stock is issued (it being understood
that if any such repurchase obligation is in part, only such part coming into effect prior to the date that is 91 days following the Latest
Maturity Date shall constitute Disqualified Capital Stock); provided that any (x) Capital Stock that would not constitute
Disqualified Capital Stock but for provisions thereof giving holders thereof (or the holders of any security into or for which such Capital
Stock is convertible, exchangeable or exercisable) the right to require the issuer thereof to redeem such Capital Stock upon the occurrence
of any change of control, Public Company Transaction or any other liquidity event or any Disposition occurring prior to the date that
is 91 days following the Latest Maturity Date at the time such Capital Stock is issued shall not constitute Disqualified Capital Stock
if the documentation governing such Capital Stock provides that the issuer thereof will not redeem any such Capital Stock pursuant to
such provisions unless either (1) the relevant redemption is permitted by the terms of this Agreement or (2) the Termination
Date has occurred and (y) for purposes of clause (a) through (c) above, it is understood and agreed
that if any such maturity, redemption conversion, exchange, repurchase obligation or scheduled payment is in part, only such part coming
into effect prior to the date that is 91 days following the Latest Maturity Date (determined at the time such Capital Stock is issued)
shall constitute Disqualified Capital Stock.

 

    26

     

    

 

Notwithstanding the preceding
sentence, (A) if such Capital Stock is issued pursuant to any plan for the benefit of directors, officers, employees, members of
management, managers or consultants or by any such plan to such directors, officers, employees, members of management, managers or consultants,
in each case in the ordinary course of business of the Borrower or any Restricted Subsidiary and/or any Parent Company, such Capital Stock
shall not constitute Disqualified Capital Stock solely because it may be required to be repurchased by the issuer thereof in order to
satisfy applicable statutory or regulatory obligations and (B) no Capital Stock held by any future, present or former employee, director,
officer, manager, member of management or consultant (or their respective Affiliates or Immediate Family Members) of the Borrower (or
any Parent Company or any subsidiary) shall be considered Disqualified Capital Stock because such stock is redeemable or subject to repurchase
pursuant to any management equity subscription agreement, stock option, stock appreciation right or other stock award agreement, stock
ownership plan, put agreement, stockholder agreement or similar agreement that may be in effect from time to time.

 

“Disqualified Institution”
means:

 

(a)            (i) any
Person identified in writing to the Arrangers on or prior to June 7, 2021, (ii) any Person that is identified in writing to
the Administrative Agent after the Closing Date (provided, that any Person so identified after the Closing Date must be reasonably acceptable
to the Administrative Agent), (iii) any Affiliate of any Person described in clauses (i) or (ii) above that
is reasonably identifiable on the basis of such Person’s name as an Affiliate of such Person, and (iv) any other Affiliate
of any Person described in clauses (i), (ii) or (iii) above that is identified in a written notice to the
Administrative Agent) (each such person, a “Disqualified Lending Institution”);

 

(b)            (i) any
Person that is or becomes a Company Competitor and/or any Affiliate of any Company Competitor (other than a Competitor Debt Fund Affiliate,
in each case, that is identified in writing to the Administrative Agent, (ii) any Affiliate of any Person described in clause
(i) above (other than any Competitor Debt Fund Affiliate) that is reasonably identifiable on the basis of such Person’s
name as an Affiliate of such Person and (iii) any other Affiliate of any Person described in clauses (i) or (ii) above
that is identified in a written notice to the Administrative Agent; it being understood and agreed that no Competitor Debt Fund Affiliate
of any Company Competitor may be designated as a Disqualified Institution pursuant to this clause (iii); and

 

(c)            any
Affiliate or Representative of any Arranger and/or any Initial Lender that is engaged as a principal primarily in private equity, mezzanine
financing or venture capital (any Person described in this clause (c), an “Excluded Party”);

 

provided
that no written notice delivered pursuant to clauses (a)(ii), (a)(iv), (b)(i) and/or (b)(iii) above
shall apply retroactively to disqualify any person that has previously acquired an assignment or participation interest in the Loans under
the applicable Credit Facility prior to the delivery of such notice.

 

    27

     

    

 

The Borrower shall be permitted
to remove any Person from the list of Disqualified Institutions; provided, that at any time after the removal of such Person, the
Borrower shall be permitted to redesignate such Person as a Disqualified Institution without the consent of the Administrative Agent or
any other Person.

 

“Disqualified Lending
Institution” has the meaning assigned to such term in the definition of “Disqualified Institution”.

 

“Disqualified Person”
has the meaning assigned to such term in Section 9.05(f)(ii).

 

“Dollar Equivalent”
means, at any time, (a) with respect to any amount denominated in Dollars, such amount and (b) with respect to any amount denominated
in any currency other than Dollars, the equivalent amount thereof in Dollars as determined by the Administrative Agent at such time on
the basis of the Spot Rate (determined in respect of the most recent Revaluation Date or other relevant date of determination) for the
purchase of Dollars with such other currency.

 

“Dollars”
or “$” refers to lawful money of the US.

 

“Domestic Subsidiary”
means any subsidiary of the Borrower incorporated or organized under the laws of the US, any state thereof or the District of Columbia.

 

“Dutch Auction”
has the meaning assigned to such term on Schedule 1.01(b).

 

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

 

		(1)	a determination by the Administrative Agent and the Borrower that at least twenty currently outstanding
Dollar- denominated syndicated credit facilities for companies owned by top-tier sponsors (as determined by the Borrower in good faith)
at such time contain (as a result of amendment or as originally executed) as a benchmark interest rate, in lieu of the Published LIBO
Rate, a new benchmark interest rate to replace the Published LIBO Rate, and

 

		(2)	the election by the Administrative Agent to declare that an Early Opt-in Election has occurred and the
provision by the Administrative Agent of written notice of such election to the Borrower.

 

“ECF Prepayment Amount”
has the meaning assigned to such term in Section 2.11(b)(i).

 

“EEA Financial Institution”
means (a) any credit institution or investment firm established in any EEA Member Country (or, to the extent that the United Kingdom
is not an EEA Member Country, the United Kingdom), which is subject to the supervision of a Resolution Authority, (b) any entity
established in an EEA Member Country (or, to the extent that the United Kingdom is not an EEA Member Country, the United Kingdom), 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 (or, to the extent that the United Kingdom is not an EEA Member Country, the United Kingdom), 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.

 

    28

     

    

 

“Effective Yield”
means, as to any Indebtedness, the effective yield applicable thereto calculated by the Borrower in good faith in consultation with the
Administrative Agent in a manner consistent with generally accepted financial practices, taking into account (a) interest rate margins,
(b) interest rate floors (subject to the proviso set forth below), (c) any amendment to the relevant interest rate margins and
interest rate floors prior to the applicable date of determination and (d) original issue discount and upfront or similar fees (based
on an assumed four-year average life to maturity or lesser remaining average life to maturity), but excluding (i) any arrangement,
commitment, structuring, underwriting, ticking, unused line and/or amendment fee (regardless of whether any such fee is paid to or shared
in whole or in part with any lender) and (ii) any other fee that is not paid directly by the issuer of such Indebtedness generally
to all relevant lenders ratably; provided, however, that (A) to the extent that the Published LIBO Rate (with an Interest
Period of three months) or Alternate Base Rate (without giving effect to any floor specified in the definition thereof) is less than any
floor applicable to the Indebtedness in respect of which the Effective Yield is being calculated on the date on which the Effective Yield
is determined, the amount of the resulting difference will be deemed added to the interest rate margin applicable to the relevant Indebtedness
for purposes of calculating the Effective Yield and (B) to the extent that the Published LIBO Rate (for a period of three months)
or Alternate Base Rate (without giving effect to any floor specified in the definition thereof) is greater than any applicable floor on
the date on which the Effective Yield is determined, the floor will be disregarded in calculating the Effective Yield.

 

“Electronic Signature”
means any electronic symbol or process attached to, or associated with, any contract or other record and adopted by a person with the
intent to sign, authenticate or accept such contract or record.

 

“Eligible Assignee”
means (a) any Lender, (b) any commercial bank, insurance company, or finance company, financial institution, any fund that invests
in loans or any other “accredited investor” (as defined in Regulation D of the Securities Act), (c) any Affiliate of
any Lender, (d) any Approved Fund of any Lender and (e) to the extent permitted under Section 9.05(g), any Affiliated
Lender or any Debt Fund Affiliate; provided, that in any event, “Eligible Assignee” shall not include (i) any
natural person, (ii) any Disqualified Institution or (iii) except as permitted under Section 9.05(g), the Borrower
or any of its Affiliates.

 

“EMU Legislation”
means the legislative measures of the European Council for the introduction of, changeover to or operation of a single or unified European
currency.

 

“Engagement Letter”
means the Amended and Restated Engagement Letter, dated as of June 7, 2021, by and among the Borrower and the Arrangers (and/or certain
of their respective Affiliates).

 

“Environment”
means ambient air, indoor air, surface water, groundwater, drinking water, land surface and subsurface strata & natural resources
such as wetlands, flora and fauna.

 

“Environmental Claim”
means any investigation, notice, notice of violation, claim, action, suit, proceeding, demand, abatement order or other order or directive
(conditional or otherwise), by any Governmental Authority or any other Person, arising (a) pursuant to or in connection with any
actual or alleged violation of any Environmental Law; (b) in connection with any Hazardous Material or any actual or alleged Hazardous
Materials Activity; or (c) in connection with any actual or alleged damage, injury, threat or harm to the Environment.

 

“Environmental Laws”
means any and all current or future applicable foreign or domestic, federal or state (or any subdivision of either of them), statutes,
ordinances, orders, rules, regulations, judgments, Governmental Authorizations, or any other applicable requirements of Governmental Authorities
and the common law relating to (a) environmental matters, including those relating to any Hazardous Materials Activity; or (b) the
generation, use, storage, transportation or disposal of or exposure to Hazardous Materials, in any manner applicable to Holdings, the
Borrower or any of its Restricted Subsidiaries or any Facility.

 

“Environmental Liability”
means any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties
or indemnities), directly or indirectly resulting from or based upon (a) any actual or alleged 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.

 

    29

     

    

 

“Equipment Sale and
Leaseback Transaction” means any equipment financing or similar arrangement that is not prohibited by Sections 6.01 and/or
6.02 and entered into by the Borrower and/or any Restricted Subsidiary in the ordinary course of business with any Person that
requires the Borrower and/or any Restricted Subsidiary to purchase the equipment subject to such financing or similar arrangement, sell
such equipment to the relevant financing provider and thereafter rent or lease such equipment from the relevant financing provider.

 

“ERISA” means the
Employee Retirement Income Security Act of 1974.

 

“ERISA Affiliate”
means any trade or business (whether or not incorporated) that is under common control with Holdings, the Borrower or any Restricted Subsidiary
and is treated as a single employer within the meaning of Section 414 of the Code or Section 4001 of ERISA.

 

“ERISA Event”
means (a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by Holdings, the Borrower or any Restricted Subsidiary
or any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which it was a substantial employer
(as defined in Section 4001(a)(2) of ERISA) or a cessation of operations at any facility of Holdings, the Borrower or any Restricted
Subsidiary or any ERISA Affiliate as described in Section 4062(e) of ERISA, in each case, resulting in liability pursuant to
Section 4063 of ERISA; (c) a complete or partial withdrawal by Holdings, the Borrower or any Restricted Subsidiary or any ERISA
Affiliate from a Multiemployer Plan resulting in the imposition of Withdrawal Liability on Holdings, the Borrower or any Restricted Subsidiary
or any ERISA Affiliate, notification of Holdings, the Borrower or any Restricted Subsidiary or any ERISA Affiliate concerning the imposition
of Withdrawal Liability or notification that a Multiemployer Plan is “insolvent” within the meaning of Section 4245 of
ERISA; (d) the filing of a notice of intent to terminate a Pension Plan under Section 4041(c) of ERISA, the treatment of
a Pension Plan amendment as a termination under Section 4041(c) of ERISA, the commencement of proceedings by the PBGC to terminate
a Pension Plan or the receipt by Holdings, the Borrower or any Restricted Subsidiary or any ERISA Affiliate of notice of the treatment
of a Multiemployer Plan amendment as a termination under Section 4041A of ERISA or of notice of the commencement of proceedings by
the PBGC to terminate a Multiemployer Plan; (e) the occurrence of an 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 or Multiemployer Plan; (f) 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 Holdings,
the Borrower or any Restricted Subsidiary or any ERISA Affiliate, with respect to the termination of any Pension Plan; or (g) the
conditions for imposition of a Lien under Section 303(k) of ERISA have been met with respect to any Pension Plan.

 

“Erroneous Payment”
has the meaning assigned to such term in Section 8.14(a).

 

“Erroneous
Payment Return Deficiency” has the meaning assigned to such term in Section 8.14(c).

 

“Escrow”
has the meaning set forth in the definition of “Indebtedness”.

 

“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.

 

“Euro” or “€”
means the single currency of the European Union as constituted by the Treaty on European Union and as referred to in the EMU Legislation.

 

    30

     

    

 

“EURIBOR”
means the EURIBOR Screen Rate for Euros and for a period equal in length to the Interest Period of the relevant Revolving Loan denominated
in Euros; provided that, notwithstanding anything herein to the contrary, in no event shall EURIBOR be less than 0.00% per annum.

 

“EURIBOR Screen Rate”
means the Euro interbank offered rate administered by the European Money Markets Institute (or any other person which takes over the administration
of that rate) for the relevant period displayed (before any correction, recalculation or republication by the administrator) on page EURIBOR01
of the Thomson Reuters screen (or any replacement Thomson Reuters page which displays that rate) or on the appropriate page of
such other information service which publishes that rate from time to time in place of Thomson Reuters as of 11:00 a.m. Brussels
time two Business Days prior to the commencement of relevant Interest Period.

 

“Event of Default”
has the meaning assigned to such term in Article 7.

 

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

 

(a)            Consolidated
Adjusted EBITDA (excluding, for the avoidance of doubt, any amount constituting a Cure Amount) for such Calculation Period (without giving
effect to clauses (b), (e) and/or (i) of the definition thereof, the amounts added back in reliance on
which shall be deducted in determining Excess Cash Flow); plus

 

(b)            [reserved];
plus

 

(c)            any
foreign currency exchange gain actually realized and received in cash in Dollars (including any currency re-measurement of Indebtedness,
any net gain or loss resulting from Hedge Agreements for currency exchange risk resulting from any intercompany Indebtedness, any foreign
currency translation or transaction or any other currency-related risk), net of any loss from foreign currency translation; plus

 

(d)            [reserved];
plus

 

(e)            an
amount equal to all Cash received for such period on account of any net non-Cash gain or income from any Investment deducted in a previous
period pursuant to clause (s) of this definition; plus

 

(f)            the
decrease, if any, in Consolidated Working Capital from the first day to the last day of such Calculation Period or, in the case of any
Excess Cash Flow Interim Period, from the first day to the last day of the most recently ended Test Period), but excluding any such decrease
in Consolidated Working Capital arising from (i) the acquisition or Disposition of any Person by the Borrower or any Restricted Subsidiary,
(ii) the reclassification during such period of current assets to long term assets and current liabilities to long term liabilities,
(iii) the application of purchase and/or recapitalization accounting and/or (iv) the effect of any fluctuation in the amount
of accrued and contingent obligations under any Hedge Agreement; minus

 

(g)            the
amount, if any, which, in the determination of Consolidated Adjusted EBITDA (including any component definition used therein) for such
Calculation Period, has been included in respect of income or gain from any Disposition outside of the ordinary course of business (including
Dispositions constituting covered losses or taking of assets referred to in the definition of “Net Insurance/Condemnation Proceeds”)
of the Borrower and/or any Restricted Subsidiary; minus

 

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(h)            cash
payments actually made in respect of the following (without duplication):

 

(i)            any
Investment permitted by Section 6.06 (other than Investments (i) in Cash or Cash Equivalents, (ii) in any Loan Party)
and/or any Restricted Payment permitted by Section 6.04(a) and actually made in cash during such Calculation Period or,
at the option of the Borrower, made prior to the date the Borrower is required to make a payment of Excess Cash Flow in respect of such
Calculation Period, (A) except to the extent the relevant Investment and/or Restricted Payment is financed with the proceeds of long
term funded Indebtedness (other than revolving Indebtedness) and (B) without duplication of (1) any amount deducted from Excess
Cash Flow for a prior Calculation Period and/or (2) the amount of any deduction and/or reduction in the amount of any mandatory prepayment
resulting from the application of Section 2.11(b)(i)(C);

 

(ii)            any
realized foreign currency exchange loss actually paid or payable in cash (including any currency re-measurement of Indebtedness, any net
gain or loss resulting from Hedge Agreements for currency exchange risk resulting from any intercompany Indebtedness, any foreign currency
translation or transaction or any other currency-related risk);

 

(iii)            the
aggregate amount of any cash Charge (whether or not incurred in such Calculation Period) excluded from the calculation of Consolidated
Net Income pursuant to clause (c) of the definition thereof;

 

(iv)            consolidated
Capital Expenditures actually made in cash during such Calculation Period or, at the option of the Borrower, made prior to the date the
Borrower is required to make a payment of Excess Cash Flow in respect of such Calculation Period, (A) except to the extent financed
with the proceeds of long term funded Indebtedness (other than revolving Indebtedness) and (B) without duplication of (1) any
amount deducted from Excess Cash Flow for a prior Calculation Period and/or (2) the amount of any deduction and/or reduction in the
amount of any mandatory prepayment resulting from the application of Section 2.11(b)(i)(C);

 

(v)            any
long-term liability, excluding the current portion of any such liability (other than Indebtedness) of the Borrower and/or any Restricted
Subsidiary;

 

(vi)            any
cash Charge added back in calculating Consolidated Adjusted EBITDA pursuant to clauses (c) and/or (j) of the definition
thereof or excluded from the calculation of Consolidated Net Income in accordance with the definition thereof;

 

(vii)            the
aggregate amount of expenditures actually made by the Borrower and/or any Restricted Subsidiary during such Fiscal Year (including any
expenditure for the payment of financing fees) to the extent that such expenditures are not expensed; minus

 

(i)            the
aggregate principal amount of (i) all optional prepayments of Indebtedness (other than (A) any optional prepayment, repurchase,
redemption or other retirement of any Indebtedness under the Loan Documents, any other First Lien Debt and/or any Junior Lien Debt, prior
to such date, in each case, that is deducted in calculating the amount of any Excess Cash Flow payment in accordance with Section 2.11(b)(i) or
(B) any optional repayment of revolving Indebtedness except to the extent any related commitment is permanently reduced in connection
with such repayment) and/or any prepayment or repayment of any amount owing under any Receivables Facility, (ii) all mandatory prepayments
and scheduled repayments of Indebtedness during such Calculation Period and (iii) the aggregate amount of any premium, make-whole
or penalty payment actually paid in cash by the Borrower and/or any Restricted Subsidiary during such period that is required to be made
in connection with any prepayment, repayment, repurchase, redemption or other retirement of Indebtedness, in each case except to the extent
financed with the proceeds of long term funded Indebtedness (other than revolving Indebtedness); minus

 

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(j)            Consolidated
Interest Expense actually paid or payable in cash by the Borrower and/or any Restricted Subsidiary during such Calculation Period; minus

 

(k)            Taxes
(inclusive of Taxes paid or payable under tax sharing agreements or arrangements and/or in connection with any intercompany distribution)
paid or payable by the Borrower and/or any Restricted Subsidiary with respect to such Calculation Period; minus

 

(l)            the
increase, if any, in Consolidated Working Capital from the first day to the last day of such Calculation Period or, in the case of any
Excess Cash Flow Interim Period, from the first day to the last day of the most recently ended Test Period), but excluding any such increase
in Consolidated Working Capital arising from (i) the acquisition or Disposition of any Person by the Borrower or any Restricted Subsidiary,
(ii) the reclassification during such period of current assets to long term assets and current liabilities to long term liabilities,
(iii) the application of purchase and/or recapitalization accounting and/or acquisition method accounting and/or (iv) the effect
of any fluctuation in the amount of accrued and contingent obligations under any Hedge Agreement; minus

 

(m)            the
amount of any Tax obligation of the Borrower and/or any Restricted Subsidiary that is estimated in good faith by the Borrower as due and
payable (but is not currently due and payable) by the Borrower and/or any Restricted Subsidiary as a result of the repatriation of any
dividend or similar distribution of net income of any Foreign Subsidiary to the Borrower or any Restricted Subsidiary; minus

 

(n)            without
duplication of amounts deducted from Excess Cash Flow in respect of a prior period and except to the extent deducted in calculating the
amount of any Excess Cash Flow payment in accordance with Section 2.11(b)(i), at the option of the Borrower, (i) the
aggregate consideration (including earn-outs) required (or, in the case of Capital Expenditures, budgeted) to be paid in Cash by the Borrower
or its Restricted Subsidiaries pursuant to binding contracts, letters of intent or purchase orders entered into (or, in the case of Capital
Expenditures, a budget established) prior to the date on which the Borrower is required to make a payment of Excess Cash Flow in respect
of the relevant Excess Cash Flow Period relating to Capital Expenditures, acquisitions or Investments (other than Investments (A) in
Cash and Cash Equivalents, (B) in any Loan Party or (C) made pursuant to Section 6.06(r)(i)), Restricted Payments
described in clause (h)(i) above, Restricted Debt Payments, payments or reserves in respect of any tax liability, make-wholes
in connection with Indebtedness and/or rental and/or interest or other payments made or to be made in respect of any lease, concession
or license of property (including any Capital Lease, financing lease and/or operating lease) and/or (ii) the aggregate amount otherwise
committed, planned or budgeted to be made in connection with Capital Expenditures, acquisitions or Investments (other than Investments
(A) in Cash and Cash Equivalents, (B) in any Loan Party or (C) made pursuant to Section 6.06(r)(i)), Restricted
Payments described in clause (h)(i) above, Restricted Debt Payments, payments or reserves in respect of any tax liability,
make-wholes in connection with Indebtedness and/or rental and/or interest or other payments made or to be made in respect of any lease,
concession or license of property (including any Capital Lease, financing lease and/or operating lease) (collectively, clauses (i) and
(ii), the “Scheduled Expenditures”), in each case of the foregoing clauses (i) and (ii),
to be consummated or made prior to the expiry of the immediately succeeding Fiscal Year (except, in each case, to the extent financed
with long term funded Indebtedness (other than revolving Indebtedness)); provided that to the extent the aggregate amount actually
utilized to finance such Capital Expenditures, acquisitions, Investments, Restricted Payments, Restricted Debt Payments, tax liability,
make-whole or other payments in respect of any lease, concession or license during such immediately succeeding Fiscal Year is less than
the Scheduled Expenditures, the amount of the resulting shortfall shall be added to the calculation of Excess Cash Flow for such immediately
succeeding Fiscal Year; minus

 

    33

     

    

 

(o)            [reserved];
minus

 

(p)            cash
payments (other than in respect of Taxes, which are governed by clause (k) above) made during such Calculation Period for
any liability the accrual of which in a prior Excess Cash Flow Period resulted in an increase in Excess Cash Flow in such prior period
(provided that there was no other deduction to Consolidated Adjusted EBITDA or Excess Cash Flow related to such payment), except
to the extent financed with long term funded Indebtedness (other than revolving Indebtedness); minus

 

(q)            cash
expenditures made in respect of any Hedge Agreement during such period to the extent (i) not otherwise deducted in the calculation
of Consolidated Net Income or Consolidated Adjusted EBITDA and (ii) not financed with long term funded Indebtedness (other than revolving
Indebtedness); minus

 

(r)            amounts
paid in Cash (except to the extent financed with long term funded Indebtedness (other than revolving Indebtedness)) during such period
on account of (i) items that were accounted for as non-Cash reductions of Consolidated Net Income or Consolidated Adjusted EBITDA
in a prior period and (ii) reserves or amounts established in purchase accounting to the extent such reserves or amounts are added
back to, or not deducted from, Consolidated Net Income; minus

 

(s)            an
amount equal to the sum of the aggregate net non-Cash gain or income from any non-ordinary course Investment to the extent included in
arriving at Consolidated Adjusted EBITDA.

 

“Excess Cash Flow
Interim Period” means, (a) during any Excess Cash Flow Period, any one, two or three Fiscal Quarter period (i) commencing
at the end of the immediately preceding Excess Cash Flow Period and (ii) ending on the last day of the most recently ended Fiscal
Quarter (other than the last day of the Fiscal Year) during such Excess Cash Flow Period for which financial statements have been delivered
pursuant to Section 5.01(a) or (b), as applicable, and (b) during the period from the Closing Date until
the beginning of the first Excess Cash Flow Period, any period commencing on the first day of the Fiscal Quarter in which the Closing
Date occurs and ending on the last day of the most recently ended Fiscal Quarter for which financial statements of the type required by
Sections 5.01(a) or (b), as applicable have been delivered or, if earlier, are internally available.

 

“Excess Cash Flow
Period” means each Fiscal Year of the Borrower.

 

“Exchange Act”
means the Securities Exchange Act of 1934 and the rules and regulations of the SEC promulgated thereunder.

 

“Excluded Assets”
means each of the following:

 

(a)            any
asset the grant or perfection of a security interest in which would (i) be prohibited by enforceable anti-assignment provisions set
forth in any contract that is permitted or otherwise not prohibited by the terms of this Agreement and is binding on such asset at the
time of its acquisition and not incurred in contemplation thereof (other than assets subject to Capital Leases and purchase money financings),
(ii) violate (after giving effect to applicable anti-assignment provisions of the UCC or other applicable Requirements of Law) the
terms of any contract relating to such asset that is permitted or otherwise not prohibited by the terms of this Agreement and is binding
on such asset at the time of its acquisition and not incurred in contemplation thereof (other than in the case of Capital Leases and purchase
money financings), or (iii) trigger termination of any contract relating to such asset that is permitted or otherwise not prohibited
by the terms of this Agreement pursuant to any “change of control” or similar provision (to the extent such contract is binding
on such asset at the time of its acquisition and not incurred in contemplation thereof); it being understood that the term “Excluded
Asset” shall not include proceeds or receivables arising out of any contract described in this clause (a) to the extent
that the assignment of such proceeds or receivables is expressly deemed to be effective under the UCC or other applicable Requirements
of Law notwithstanding the relevant prohibition, violation or termination right;

 

    34

     

    

 

 

(b)            the
Capital Stock of any (i) Captive Insurance Subsidiary, (ii) Unrestricted Subsidiary, (iii) not-for-profit subsidiary, (iv) Immaterial
Subsidiary (other than an Immaterial Subsidiary that is a Loan Party) and/or (v) Receivables Subsidiary;

 

(c)            any
intent-to-use (or similar) Trademark application prior to the filing and acceptance by the U.S. Patent and Trademark Office (or similar
Governmental Authority) of a “Statement of Use”, “Declaration of Use”, “Amendment to Allege Use” or
similar filing with respect thereto, only to the extent, if any, that, and solely during the period if any, in which, the grant of a security
interest therein may impair the validity or enforceability of such intent-to-use (or similar) Trademark application under applicable Requirements
of Law;

 

(d)            any
asset (including Capital Stock), the grant or perfection of a security interest in which would (i) be prohibited under applicable
Requirements of Law (including, without limitation, any rule and/or regulation of any Governmental Authority) (after giving effect
to applicable anti-assignment provisions of the UCC or other applicable Requirements of Law), (ii) require any governmental or regulatory
consent, approval, license or authorization, in each case, to the extent such consent, approval, license or authorization has not been
obtained (it being understood and agreed that no Loan Party shall have any obligation to procure any such consent, approval, license or
authorization) (after giving effect to applicable anti-assignment provisions of the UCC or other applicable Requirements of Law); it being
understood that the term “Excluded Asset” shall not include proceeds or receivables arising out of any asset described in
clauses (d)(i) or (d)(ii) to the extent that the assignment of such proceeds or receivables is effective under
the UCC or other applicable Requirements of Law notwithstanding the relevant requirement or prohibition or (iii) be reasonably likely
to result in material adverse tax consequences (including as a result of the application of Section 956 of the Code or any similar
Requirement of Law) to Holdings, the Borrower and any of their subsidiaries as determined by the Borrower in good faith;

 

(e)            (i) any
leasehold Real Estate Asset, (ii) except to the extent a security interest therein can be perfected by the filing of a UCC-1 financing
statement, any other leasehold interest, and (iii) any owned Real Estate Asset that (A) is not a Material Real Estate Asset
or (B) is or becomes located in a Special Flood Hazard Area;

 

(f)            the
Capital Stock of (i) any Person that is not the Borrower or a Wholly-Owned Subsidiary of the Borrower and/or (ii) any subsidiary
of any non-Wholly Owned Subsidiary of the Borrower;

 

(g)            any
Margin Stock;

 

(h)            the
Capital Stock of (i) any Foreign Subsidiary and (ii) any FSHCO, in each case, (A) in excess of 65% of the issued and outstanding
voting Capital Stock and 100% of the issued and outstanding non-voting Capital Stock of any such Foreign Subsidiary and/or FSHCO or (B) to
the extent such Foreign Subsidiary or FSHCO is not a first-tier Subsidiary of any Loan Party;

 

(i)             any
Commercial Tort Claim;

 

(j)             any
Deposit Account, securities account and/or similar account (including any securities entitlement), escrow, fiduciary and/or trust account,
payroll and other employee wage and benefit accounts, tax accounts (including, sales tax accounts), any cash collateral account, any Cash
and Cash Equivalents and any funds and other property held or maintained in any such accounts (other than, in each case, proceeds of other
Collateral as to which perfection may be accomplished by filing a UCC-1 financing statement or automatically in accordance with the UCC);

 

    35

     

    

 

(k)            assets
subject to any purchase money security interest, Capital Lease obligation, sale-leaseback obligation or similar arrangement, in each case,
that is permitted or otherwise not prohibited by the terms of this Agreement and to the extent the grant of a security interest therein
would violate or invalidate such lease, license or agreement or purchase money or similar arrangement or create a right of termination
in favor of any other party thereto (other than Holdings or any subsidiary of Holdings); it being understood that the term “Excluded
Asset” shall not include proceeds or receivables arising out of any asset described in this clause (k) to the extent
that the assignment of such proceeds or receivables is expressly deemed to be effective under the UCC or other applicable Requirements
of Law notwithstanding the relevant violation or invalidation;

 

(l)             any
Letter-of-Credit Right that does not constitute a supporting obligation, except to the extent the security interest therein may be perfected
by filing of a financing statement under the UCC of any applicable jurisdiction;

 

(m)           motor
vehicles and other assets subject to certificates of title, except to the extent the security interest therein may be perfected by filing
of a financing statement under the UCC of any applicable jurisdiction;

 

(n)            any
asset of a Person acquired by Holdings, the Borrower or any other Restricted Subsidiary that, at the time of the relevant acquisition,
is encumbered to secure assumed Indebtedness permitted by this Agreement to the extent (and for so long as) the documentation governing
the applicable assumed Indebtedness prohibits such asset from being pledged to secure the Secured Obligations and the relevant prohibition
was not implemented in contemplation of the applicable acquisition;

 

(o)            any
asset with respect to which the Borrower has in good faith determined that the cost, burden, difficulty or consequence (including (i) any
effect on the ability of the relevant Loan Party to conduct its operations and business in the ordinary course of business and (ii) the
cost of mortgage, stamp, intangible or other taxes or expenses) of obtaining or perfecting a security interest therein outweighs, or is
excessive in light of, the practical benefit of a security interest to the relevant Secured Parties afforded thereby (and the Lenders
acknowledge that the Collateral that may be provided by any Loan Party may be limited to minimize stamp duty, notarization, registration
or other applicable fees, taxes and duties where the benefit to the Secured Parties of increasing the secured amount is disproportionate
to the level of such fees, taxes and duties);

 

(p)            any
governmental license or state or local franchise, charter or authorization, to the extent a security interest in any such license, franchise,
charter or authorization would be prohibited or restricted thereby, after giving effect to the anti-assignment provisions of the UCC of
any applicable jurisdiction, other than any proceeds or receivable thereof to the extent the assignment of the same is effective under
the UCC of any applicable jurisdiction notwithstanding such consent or restriction;

 

(q)            any
asset subject to any Receivables Facility; and

 

(r)            aircraft,
airframes, aircraft engines, helicopters and equipment and/or other assets that are affixed to, or otherwise constitute, such aircraft,
airframes, aircraft engines and/or helicopters.

 

“Excluded Party”
has the meaning assigned to such term in the definition of “Disqualified Institution”.

 

    36

     

    

 

“Excluded Subsidiary”
means:

 

(a)            any
(i) Restricted Subsidiary that is not a Wholly-Owned Subsidiary of the Borrower and (ii) any subsidiary of a Person described
in the foregoing clause (i);

 

(b)            any
Immaterial Subsidiary;

 

(c)            any
Restricted Subsidiary that (i) is prohibited or restricted from providing a Loan Guaranty by (A) any Requirement of Law or (B) any
Contractual Obligation that exists on the Closing Date or at the time such Restricted Subsidiary becomes a subsidiary (which Contractual
Obligation was not entered into in contemplation of the acquisition of such Restricted Subsidiary (including pursuant to assumed Indebtedness)),
(ii) would require a governmental (including regulatory) or third party consent, approval, license or authorization (including any
regulatory consent, approval, license or authorization) to provide a Loan Guaranty (including under any financial assistance, corporate
benefit, thin capitalization, capital maintenance, liquidity maintenance or similar legal principles), unless such consent, approval,
license or authorization has been obtained (it being understood and agreed that none of Holdings, the Borrower and/or any of their respective
subsidiaries shall have any obligation to obtain (or seek to obtain) any such consent, approval, license or authorization) or (iii) with
respect to which the provision of a Loan Guaranty would reasonably be expected to result in material and adverse tax consequences to Holdings,
the Borrower and/or any of their subsidiaries as determined by the Borrower in good faith and in consultation with the Administrative
Agent;

 

(d)            any
not-for-profit subsidiary;

 

(e)            any
Captive Insurance Subsidiary;

 

(f)            any
Receivables Subsidiary;

 

(g)            any
Foreign Subsidiary;

 

(h)            any
Domestic Subsidiary that (i) is a FSHCO or (ii) is a direct or indirect subsidiary of any Foreign Subsidiary or FSHCO;

 

(i)             any
Unrestricted Subsidiary;

 

(j)             (i) any
Restricted Subsidiary acquired by the Borrower or any Restricted Subsidiary that, at the time of the relevant acquisition, is an obligor
in respect of assumed Indebtedness permitted by Section 6.01 to the extent (and for so long as) the documentation governing
the applicable assumed Indebtedness prohibits such subsidiary from providing a Loan Guaranty (which prohibition was not implemented in
contemplation of such Restricted Subsidiary becoming a subsidiary in order to avoid the requirement of providing a Loan Guaranty) and
(ii) any subsidiary of any Restricted Subsidiary described in the immediately preceding clause (i) that is subject to
any prohibition described in such clause (i);

 

(k)            any
other Restricted Subsidiary with respect to which, in the good faith determination of the Borrower, the burden or cost of providing a
Loan Guaranty outweighs, or would be excessive in light of, the practical benefits afforded thereby as determined by the Borrower in good
faith in consultation with the Administrative Agent;

 

(l)             solely
in the case of any Swap Obligation that constitutes a “swap” within the meaning of section 1(a)(47) of the Commodity Exchange
Act (which for the avoidance of doubt shall be determined after giving effect to any “keepwell, support or other agreement”
(as such terms are used under the Commodity Exchange Act)), any Domestic Subsidiary that is not an “eligible contract participant”
as defined under the Commodity Exchange Act and the regulations thereunder;

 

    37

     

    

 

(m)            any
subsidiary where the provision by such subsidiary of a Loan Guaranty could reasonably be expected to conflict with the fiduciary duties
of such subsidiary’s directors or result in, or could reasonably be expected to result in, a material risk of personal or criminal
liability for such subsidiary or any of its officers or directors or to the extent it is not within the legal capacity of such subsidiary
to provide a Loan Guaranty (whether as a result of financial assistance, corporate benefit, thin capitalization, capital maintenance,
liquidity maintenance or similar rules or otherwise); and

 

(n)            any
broker-dealer subsidiary.

 

“Excluded Swap Obligation”
means, with respect to any Loan Guarantor, any Swap Obligation if, and to the extent that, all or a portion of the Loan Guaranty of such
Loan Guarantor of, or the grant by such Loan Guarantor of a security interest to secure, such Swap Obligation (or any Loan Guaranty thereof)
is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or
the application or official interpretation of any thereof, or any Governmental Authority succeeding to any or all of its functions) (a) by
virtue of such Loan Guarantor’s failure for any reason to constitute an “eligible contract participant” as defined in
the Commodity Exchange Act and the regulations thereunder (determined after giving effect to Section 3.20 of the Loan Guaranty
and any other “keepwell”, support or other agreement for the benefit of such Loan Guarantor) at the time the Loan Guaranty
of such Loan Guarantor or the grant of such security interest becomes effective with respect to such Swap Obligation or (b) in the
case of any Swap Obligation that is subject to a clearing requirement pursuant to section 2(h) of the Commodity Exchange Act, because
such Loan Guarantor is a “financial entity,” as defined in section 2(h)(7)(C) of the Commodity Exchange Act, at the time
the guarantee provided by (or grant of such security interest by, as applicable) such Loan Guarantor becomes or would become effective
with respect to such Swap Obligation. If any Swap Obligation arises under a master agreement governing more than one swap, such exclusion
shall apply only to the portion of such Swap Obligation that is attributable to swaps for which such Loan Guaranty or security interest
is or becomes illegal.

 

“Excluded Taxes”
means, with respect to the Administrative Agent, any Lender or Issuing Bank, or any other recipient of any payment to be made by or on
account of any obligation of any Loan Party under any Loan Document, (a) any Taxes imposed on (or measured by) such recipient’s
net income (however denominated) or franchise Taxes, (i) imposed as a result of such recipient being organized or having its principal
office located in or, in the case of any Lender, having its applicable lending office located in, the taxing jurisdiction or (ii) that
are Other Connection Taxes, (b) any branch profits Taxes imposed under Section 884(a) of the Code, or any similar Tax,
imposed by any jurisdiction described in clause (a), (c) any US federal withholding Tax that is imposed on amounts payable
to or for the account of such Lender (other than a Lender that became a Lender pursuant to an assignment under Section 2.19)
with respect to an applicable interest in a Loan or Commitment pursuant to a Requirement of Law in effect on the date on which such Lender
(i) acquires such interest in the applicable Commitment or, if such Lender did not fund the applicable Loan pursuant to a prior Commitment,
on the date such Lender acquires its interest in such Loan or (ii) designates a new lending office, except in each case to the extent
that, pursuant to Section 2.17, amounts with respect to such Tax were payable either to such Lender’s assignor immediately
before such Lender acquired the applicable interest in a Loan or Commitment or to such Lender immediately before it designated a new lending
office, (d) any Tax imposed as a result of a failure by such recipient to comply with Section 2.17(f) or (j),
and (e) any Tax imposed under FATCA.

 

“Existing Credit
Agreement” has the meaning assigned to such term in the recitals to this Agreement.

 

“Existing Letters
of Credit” means any letter of credit previously issued that (a) will remain outstanding on and after the Closing Date
and (b) is listed on Schedule 1.01(d).

 

“Extended Revolving
Credit Commitment” has the meaning assigned to such term in Section 2.23(a).

 

    38

     

    

 

“Extended Revolving
Loans” has the meaning assigned to such term in Section 2.23(a).

 

“Extended Term Loans”
has the meaning assigned to such term in Section 2.23(a).

 

“Extension”
has the meaning assigned to such term in Section 2.23(a).

 

“Extension Amendment”
means an amendment to this Agreement that is reasonably satisfactory to the Administrative Agent (to the extent required by Section 2.23)
and the Borrower executed by each of (a) Holdings, the Borrower and the Subsidiary Guarantors, (b) the Administrative Agent
and (c) each Lender that has accepted the applicable Extension Offer pursuant hereto and in accordance with Section 2.23.

 

“Extension Offer”
has the meaning assigned to such term in Section 2.23(a).

 

“Facility”
means any real property (including all buildings, fixtures or other improvements located thereon) now, hereafter or, except with respect
to Articles 5 and 6, previously owned, leased, operated or used by Holdings, the Borrower or any of its Restricted
Subsidiaries or any of their respective predecessors or Affiliates.

 

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

 

“FCA” has
the meaning assigned to such term in Section 1.13(a).

 

“FCPA”
has the meaning assigned to such term in Section 3.17(c).

 

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

 

“Federal Reserve
Bank of New York’s Website” means the website of the Federal Reserve Bank of New York at http://www.newyorkfed.org, or
any successor source.

 

“Fee Letter”
means the Agent Fee Letter, dated May 24, 2021, among the Borrower, Credit Suisse AG, Cayman Islands Branch and Credit Suisse Loan
Funding LLC.

 

“Financial Model”
means the final model made available by the Sponsor to the Administrative Agent prior to the Closing Date.

 

“First Lien Debt”
means (a) the Initial Term Loans and the Initial Revolving Loans and (b) any other Indebtedness (other than any such Indebtedness
among Holdings, the Borrower and/or any of their respective subsidiaries) that is secured by a Lien on the Collateral that is pari
passu with the Lien securing the Initial Term Loans and the Initial Revolving Loans.

 

“First Lien Net Leverage
Ratio” means the ratio, as of any date of determination, of (a) Consolidated First Lien Debt as of the last day of the
most recently ended Test Period to (b) Consolidated Adjusted EBITDA for the most recently ended Test Period, in each case, of the
Borrower and its Restricted Subsidiaries on a consolidated basis.

 

    39

     

    

 

“Fitch”
means Fitch Ratings, Inc.

 

“Fiscal Month”
means a fiscal month of any Fiscal Year.

 

“Fiscal Quarter”
means a fiscal quarter of any Fiscal Year.

 

“Fiscal Year”
means each fiscal year of the Borrower, ending on the date indicated in the table below for such Fiscal Year:

 

	Fiscal Year	End Date
	2021	December 25, 2021
	2022	December 31, 2022
	2023	December 30, 2023
	2024	December 28, 2024
	2025	December 27, 2025
	2026	December 26, 2026
	2027	December 25, 2027
	2028	December 30, 2028

 

“Fixed Amount”
has the meaning assigned to such term in Section 1.12(c).

 

“Flood Certificate”
means a “Life-of-Loan” “Standard Flood Hazard Determination Form” of the Federal Emergency Management Agency and
any successor Governmental Authority performing a similar function.

 

“Foreign Lender”
means any Lender or Issuing Bank that is not a US Person.

 

“Foreign Subsidiary”
means any existing or future subsidiary of the Borrower that is not a Domestic Subsidiary.

 

“FSHCO”
means (a) any direct or indirect Domestic Subsidiary that has no material assets other than the Capital Stock and/or Indebtedness
of one or more Foreign Subsidiaries and (b) any direct or indirect Domestic Subsidiary that has no material assets other than the
Capital Stock and/or Indebtedness of one or more Persons of the type described in the immediately preceding clause (a).

 

“GAAP”
means generally accepted accounting principles in the US in effect and applicable to the accounting period in respect of which reference
to GAAP is made.

 

    40

     

    

 

“Governmental Authority”
means any federal, state, municipal, national or other government, governmental department, commission, board, bureau, court, agency or
instrumentality or political subdivision thereof or any entity or officer exercising executive, legislative, judicial, taxing, regulatory
or administrative functions of or pertaining to any government or any court, in each case whether associated with the US, a foreign government
or any political subdivision thereof, including any applicable supranational body (such as the European Union or the European Central
Bank).

 

“Governmental Authorization”
means any permit, license, authorization, approval, plan, directive, consent order or consent decree of or from any Governmental Authority.

 

“Granting Lender”
has the meaning assigned to such term in Section 9.05(e).

 

“Guarantee”
of or by any Person (the “Guarantor”) means any obligation, contingent or otherwise, of the Guarantor guaranteeing
or having the economic effect of guaranteeing any Indebtedness or other monetary obligation of any other Person (the “Primary
Obligor”) in any manner and including any obligation of the Guarantor (a) to purchase or pay (or advance or supply funds
for the purchase or payment of) such Indebtedness or other monetary obligation or to purchase (or to advance or supply funds for the purchase
of) any security for the payment thereof, (b) to purchase or lease property, securities or services for the purpose of assuring the
owner of such Indebtedness or other monetary obligation of the payment thereof, (c) to maintain working capital, equity capital or
any other financial statement condition or liquidity of the Primary Obligor so as to enable the Primary Obligor to pay such Indebtedness
or other monetary obligation, (d) as an account party in respect of any letter of credit or letter of guaranty issued to support
such Indebtedness or monetary obligation, (e) entered into for the purpose of assuring in any other manner the obligee in respect
of such Indebtedness or other monetary obligation of the payment or performance thereof or to protect such obligee against loss in respect
thereof (in whole or in part) or (f) secured by any Lien on any assets of such Guarantor securing any Indebtedness or other monetary
obligation of any other Person, whether or not such Indebtedness or monetary other obligation is assumed by such Guarantor (or any right,
contingent or otherwise, of any holder of such Indebtedness or other monetary obligation to obtain any such Lien); provided that
the term “Guarantee” shall not include endorsements for collection or deposit in the ordinary course of business, or customary
and reasonable indemnity obligations in effect on the Closing Date or entered into in connection with any acquisition, Disposition or
other transaction permitted under this Agreement (other than such obligations with respect to Indebtedness). 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.

 

“Hazardous Materials”
means any chemical, material, substance or waste, or any constituent thereof, which is prohibited, limited or regulated under any Environmental
Law or by any Governmental Authority or which poses a hazard to the Environment or to human health and safety, including without limitation,
petroleum and petroleum by-products, asbestos and asbestos-containing materials, polychlorinated biphenyls, medical waste and pharmaceutical
waste.

 

“Hazardous Materials
Activity” means any past, current, proposed or threatened activity, event or occurrence involving any Hazardous Material, including
the use, manufacture, possession, storage, holding, presence, existence, location, Release, threatened Release, discharge, placement,
generation, transportation, processing, construction, treatment, abatement, removal, remediation, disposal, disposition or handling of
any Hazardous Material, and any corrective action or response action with respect to any of the foregoing.

 

“Hedge Agreement”
means any agreement with respect to any Derivative Transaction (or any master agreement which is intended to govern multiple Derivative
Transactions) between any Loan Party or any Restricted Subsidiary and any other Person.

 

“Hedging Obligations”
means, with respect to any Person, the obligations of such Person under any Hedge Agreement.

 

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“Holdings”
has the meaning assigned to such term in the preamble to this Agreement and shall, for the avoidance of doubt, include any Successor Holdings.

 

“IBA” has
the meaning assigned to such term in Section 1.11.

 

“IFRS”
means international accounting standards within the meaning of the IAS Regulation 1606/2002, as in effect from time to time (subject to
the provisions of Section 1.04), to the extent applicable to the relevant financial statements.

 

“Immaterial Subsidiary”
means, as of any date, any subsidiary of the Borrower the contribution to Consolidated Adjusted EBITDA of which, when taken together with
the contribution to Consolidated Adjusted EBITDA of all other subsidiaries that are Immaterial Subsidiaries, does not exceed 5.00% of
Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period; provided that, at all times prior to the
first delivery of financial statements pursuant to Section 5.01(a) or (b), this definition shall be applied based
on the pro forma consolidated financial statements delivered pursuant to Section 4.01.

 

“Immediate Family
Member” means, with respect to any individual, such individual’s child, stepchild, grandchild or more remote descendant,
parent, stepparent, grandparent, spouse, former spouse, domestic partner, former domestic partner, sibling, mother-in-law, father-in-law,
son-in-law and/or daughter-in-law (including any adoptive relationship), any trust, partnership or other bona fide estate-planning vehicle
the only beneficiaries of which are any of the foregoing individuals, such individual’s estate (or an executor or administrator
acting on its behalf), heirs or legatees or any private foundation or fund that is controlled by any of the foregoing individuals or any
donor-advised fund of which any such individual is the donor.

 

“Incremental Cap”
means:

 

(a)          the
sum of:

 

(i)            the
Shared Incremental Amount, minus (A) the aggregate outstanding principal amount of any Incremental Facility and/or Incremental
Equivalent Debt previously incurred or issued in reliance on the Shared Incremental Amount minus (B) the aggregate outstanding
principal amount of “Incremental Loans” and “Incremental Equivalent Debt” (each as defined in the Second Lien
Credit Agreement or any equivalent term under the documentation governing any Second Lien Facility) incurred or issued in reliance on
the Shared Incremental Amount, in each case after giving effect to any reclassification of such Incremental Facility, Incremental
Equivalent Debt, “Incremental Loans” or “Incremental Equivalent Debt”, as applicable, as having been incurred
in reliance on clause (e) of the definition of “Incremental Cap” hereunder or clause (e) of the definition
of “Incremental Cap” (as defined in the Second Lien Credit Agreement or any equivalent term under the documentation governing
any Second Lien Facility); it being understood and agreed that, unless the Borrower otherwise notifies the Administrative Agent, if all
or any portion of any “Incremental Loan” or “Incremental Equivalent Debt” (as defined in the Second Lien Credit
Agreement or any equivalent term under any documentation governing any Second Lien Facility) would be permitted under any “incurrence-based”
capacity under the documentation governing the Second Lien Facility on the applicable date of determination, such Indebtedness shall be
deemed to have been incurred in reliance on such “incurrence-based” capacity prior to the utilization of all or any portion
of the Shared Incremental Amount, minus (C) the aggregate outstanding principal amount of any Ratio Debt issued and/or incurred
in reliance on the Shared Incremental Amount pursuant to Section 6.01(w)(i), in the case of clauses (A) and (C),
after giving effect to (1) any reclassification of any Incremental Facility and/or Incremental Equivalent Debt as having been issued
or incurred in reliance on the Incremental Incurrence-Based Component and/or (2) any reclassification of any Ratio Debt as having
been incurred in reliance on Section 6.01(w)(iii); plus

 

    42

     

    

 

(ii)           any
unused amount available under Section 6.01(u); plus

 

(iii)          if
greater than zero, an additional amount of Incremental Revolving Facilities equal to (A) 75% of Consolidated Adjusted EBITDA as of
the last day of the most recently ended Test Period minus (B) the aggregate amount of the Revolving Credit Commitments in
effect immediately prior to the implementation of such Incremental Revolving Facility; plus

 

(b)          in
the case of any Incremental Facility or Incremental Equivalent Debt that effectively extends (i) the Maturity Date with respect to
any Class of Loans and/or Commitments hereunder and/or (ii) the maturity date with respect to (A) any other First Lien
Debt and/or (B) any Junior Lien Debt (it being understood that, in the case of this clause (B), the relevant Incremental Facility
or Incremental Equivalent Debt incurred in reliance hereon will, at the option of the Borrower, either constitute Junior Lien Debt or
be unsecured), an amount equal to the portion of the relevant Class of Loans or Commitments or such other First Lien Debt or such
Junior Lien Debt, as applicable, that will be replaced by such Incremental Facility or Incremental Equivalent Debt; plus

 

(c)          in
the case of any Incremental Facility or Incremental Equivalent Debt that effectively replaces any Revolving Credit Commitment terminated
in accordance with Section 2.19, an amount equal to the relevant terminated Revolving Credit Commitment; plus

 

(d)          without
duplication of clauses (b) and (c) above, (x) (i) the amount of any voluntary prepayment, redemption, repurchase or
other retirement of (A)(1) any Term Loan and/or any other First Lien Debt and/or (2) any Junior Lien Debt and/or (B) the
amount of any permanent reduction of (1) any Revolving Credit Commitment and/or any revolving commitment in respect of any First
Lien Debt and/or (2) any revolving commitment in respect of any Junior Lien Debt and (ii) the amount of any reduction in the
outstanding principal amount of (A) any Term Loan and/or any other First Lien Debt and/or any (B) any Junior Lien Debt resulting
from any assignment of such Term Loan, First Lien Debt and/or or Junior Lien Debt to (and/or any purchase of such Term Loan, First Lien
Debt or Junior Lien Debt by) the Borrower and/or any subsidiary; provided that, in the case of each of clauses (x)(i) and
(ii), the relevant prepayment, redemption, purchase, assignment, redemption or other retirement was not funded with the proceeds
of any long-term Indebtedness (other than revolving Indebtedness) (this clause (d), the “Incremental Prepayment Amount”)
minus (y) the outstanding principal amount of any Indebtedness incurred in reliance on Section 6.01(w)(ii); plus

 

(e)          an
unlimited amount so long as, in the case of this clause (e), after giving effect to the relevant Incremental Facility and/or Incremental
Equivalent Debt; as applicable:

 

(i)            if
such Incremental Facility and/or Incremental Equivalent Debt constitutes First Lien Debt, the First Lien Net Leverage Ratio does not exceed
the greater of (A) 4.50:1.00 and (B) the First Lien Net Leverage Ratio as of the last day of the most recently ended Test Period;

 

(ii)           if
such Incremental Facility and/or Incremental Equivalent Debt constitutes Junior Lien Debt, at the election of the Borrower, either (x) the
Secured Net Leverage Ratio does not exceed the greater of (1) 6.35:1.00 and (2) the Secured Net Leverage Ratio as of the last
day of the most recently ended Test Period or (y) the Interest Coverage Ratio is not less than the lesser of (1) 2.00:1.00 (or,
to the extent such Incremental Facility and/or Incremental Equivalent Debt, as applicable, is incurred in connection with an acquisition
or similar Investment, 1.75:1.00) and (2) the Interest Coverage Ratio as of the last day of the most recently ended Test Period;
or

 

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(iii)          if
such Incremental Facility and/or Incremental Equivalent Debt is unsecured, at the election of the Borrower, either (x) the Total
Net Leverage Ratio does not exceed the greater of (1) 6.35:1.00 and (2) the Total Net Leverage Ratio as of the last day of the
most recently ended Test Period or (y) the Interest Coverage Ratio is not less than the lesser of (1) 2.00:1.00 (or, to the
extent such Incremental Facility and/or Incremental Equivalent Debt, as applicable, is incurred in connection with an acquisition or similar
Investment, 1.75:1.00) and (2) the Interest Coverage Ratio as of the last day of the most recently ended Test Period;

 

in each case described in this clause
(e), calculated on a Pro Forma Basis, including the application of the proceeds thereof (in the case of each of clauses (i),
(ii) and (iii), without “netting” the cash proceeds of the applicable Incremental Facility or Incremental
Equivalent Debt on the consolidated balance sheet of the Borrower), and in the case of any Incremental Facility or Incremental Equivalent
Debt consisting of a revolving facility or a delayed draw term loan facility then being incurred or established, the same shall be subject
to Section 1.12(g) (this clause (e), the “Incremental Incurrence-Based Component”);

 

provided that any Incremental
Facility and/or Incremental Equivalent Debt may be incurred under one or more of clauses (a) through (e) of this
definition as selected by the Borrower in its sole discretion; provided, that unless the Borrower elects otherwise, so long as
the MFN Provision would not be triggered by the incurrence or implementation thereof, any such Incremental Facility and/or Incremental
Equivalent Debt will be deemed to have been incurred (I) first under the Incremental Incurrence-Based Component, to the maximum
extent permitted thereunder and (II) second, under the Incremental Prepayment Amount, to the maximum extent permitted thereunder.

 

“Incremental Commitment”
means any commitment made by a lender to provide all or any portion of any Incremental Facility or Incremental Loan.

 

“Incremental Equivalent
Debt” means Indebtedness in the form of pari passu senior secured or unsecured notes or loans and/or junior secured or
unsecured notes or loans and/or, in each case commitments in respect of any of the foregoing; provided, that:

 

(a)            the
aggregate outstanding principal amount (or committed amount, if applicable under Section 1.12) thereof shall not exceed the
sum of (i) Incremental Cap (as in effect at the time of determination, including giving effect to any reclassification on or prior
to such date of determination) and (ii) at the election of the Borrower, any additional amount of Indebtedness otherwise permitted
to be incurred under this Agreement (and if such additional Indebtedness that is reallocated to Incremental Equivalent Debt is secured,
the relevant Liens securing such additional Indebtedness are Permitted Liens other than by virtue of such additional Indebtedness being
incurred as Incremental Equivalent Debt);

 

(b)            the
Weighted Average Life to Maturity applicable to such notes or loans (other than Customary Bridge Loans, Customary Term A Loans and/or
revolving Indebtedness) is no shorter than the Weighted Average Life to Maturity of the then existing Term Loans; provided, that
the Borrower may incur Incremental Equivalent Debt with a Weighted Average Life to Maturity shorter than the remaining Weighted Average
Life to Maturity of the Initial Term Loans in an aggregate outstanding principal amount not to exceed the then available Inside Maturity
Amount;

 

(c)            the
final maturity date with respect to such notes or loans (other than Customary Bridge Loans, Customary Term A Loans and/or revolving Indebtedness)
is no earlier than the Latest Term Loan Maturity Date on the date of the issuance or incurrence, as applicable, thereof; provided,
that the Borrower may incur Incremental Equivalent Debt with a final maturity date earlier than the relevant Latest Term Loan Maturity
Date in an aggregate outstanding principal amount not to exceed the then available Inside Maturity Amount;

 

(d)            subject
to clauses (b) and (c), such Indebtedness may otherwise have an amortization schedule as determined by the Borrower
and the lenders providing such Incremental Equivalent Debt;

 

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(e)            the
currency, pricing (including any “MFN” or other pricing terms), interest rate margins, rate floors, fees, premiums (including
prepayment premiums), funding discounts and the maturity and amortization schedule applicable to any Incremental Equivalent Debt shall
be determined by the Borrower and the lender or lenders providing such Incremental Equivalent Debt;

 

(f)            such
Incremental Equivalent Debt will be documented pursuant to separate documentation from the credit agreement governing the Credit Facilities;

 

(g)            if
such Indebtedness is (i) secured by the Collateral on a pari passu basis with the Secured Obligations that constitute First
Lien Debt, (ii) secured by the Collateral on a junior basis as compared to the Secured Obligations that constitute First Lien Debt
or (iii) subordinated to the Obligations in right of payment, then the holders of such Indebtedness shall be party to an Intercreditor
Agreement; and

 

(h)            no
such Indebtedness may be (A) issued or guaranteed by any subsidiary of the Borrower which is not a Loan Party (it being understood
and agreed that the obligations of any Person with respect to any Escrow arrangement into which the proceeds of such Incremental Equivalent
Debt are deposited shall not constitute a guarantee by any subsidiary that is not a Loan Party) or (B) secured by any asset that
does not constitute Collateral; it being understood that any Incremental Equivalent Debt that is funded into Escrow pursuant to customary
(in the good faith determination of the Borrower) escrow arrangements may be secured by the applicable funds and related assets held in
Escrow (and the proceeds thereof) until the date on which such funds are released from Escrow.

 

“Incremental Facilities”
has the meaning assigned to such term in Section 2.22(a).

 

“Incremental Facility
Amendment” means an amendment to this Agreement that is reasonably satisfactory to the Administrative Agent (solely for purposes
of giving effect to Section 2.22) and the Borrower executed by each of (a) Holdings and the Borrower, (b) the Administrative
Agent and (c) each Lender that agrees to provide all or any portion of the Incremental Facility being incurred pursuant thereto and
in accordance with Section 2.22.

 

“Incremental Incurrence-Based
Component” has the meaning assigned to such term in the definition of “Incremental Cap”.

 

“Incremental Lender”
has the meaning assigned to such term in Section 2.22(b).

 

“Incremental Loans”
has the meaning assigned to such term in Section 2.22(a).

 

“Incremental Prepayment
Amount” has the meaning assigned to such term in clause (d) of the definition of “Incremental Cap.”

 

“Incremental Revolving
Commitment” means any commitment made by a lender to provide all or any portion of any Incremental Revolving Facility.

 

“Incremental Revolving
Facility” has the meaning assigned to such term in Section 2.22(a).

 

“Incremental Revolving
Facility Lender” means, with respect to any Incremental Revolving Facility, each Revolving Lender providing any portion of such
Incremental Revolving Facility.

 

“Incremental Revolving
Loans” has the meaning assigned to such term in Section 2.22(a).

 

“Incremental Term
Facility” has the meaning assigned to such term in Section 2.22(a).

 

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“Incremental Term
Loan” has the meaning assigned to such term in Section 2.22(a).

 

“Incurrence-Based
Amount” has the meaning assigned to such term in Section 1.12(c).

 

“Indebtedness”
as applied to any Person means, without duplication:

 

(a)            all
indebtedness for borrowed money;

 

(b)            that
portion of obligations with respect to Capital Leases to the extent recorded as a liability on a balance sheet (excluding the footnotes
thereto) of such Person prepared in accordance with GAAP;

 

(c)            all
obligations of such Person evidenced by bonds, debentures, notes or similar instruments to the extent the same would appear as a liability
on a balance sheet (excluding the footnotes thereto) of such Person prepared in accordance with GAAP;

 

(d)            any
obligation of such Person owed for all or any part of the deferred purchase price of property or services (excluding (i) any earn
out obligation or purchase price adjustment until such obligation (A) becomes a liability on the statement of financial position
or balance sheet (excluding the footnotes thereto) in accordance with GAAP and (B) has not been paid within 30 days after becoming
due and payable, (ii) any such obligation incurred under ERISA, (iii) accrued expenses and trade accounts payable in the ordinary
course of business (including on an inter-company basis) and (iv) liabilities associated with customer prepayments and deposits),
which purchase price is (A) due more than six months from the date of the incurrence of the obligation in respect thereof or (B) evidenced
by a note or similar written instrument);

 

(e)            any
monetary obligation of any other Person secured by any Lien on any asset owned or held by such Person regardless of whether the Indebtedness
secured thereby has been assumed by such Person or is non-recourse to the credit of such Person;

 

(f)            the
face amount of any letter of credit issued for the account of such Person or as to which such Person is otherwise liable for reimbursement
of drawings;

 

(g)            the
Guarantee by such Person of the Indebtedness of another;

 

(h)            all
obligations of such Person in respect of any Disqualified Capital Stock; and

 

(i)             all
net obligations of such Person in respect of any Derivative Transaction, including any Hedge Agreement, whether or not entered into for
hedging or speculative purposes;

 

provided that (i) in no event shall
any obligation under any Derivative Transaction be deemed to constitute “Indebtedness” for any calculation of the First Lien
Net Leverage Ratio, the Secured Net Leverage Ratio, the Total Net Leverage Ratio, the Interest Coverage Ratio or any other financial ratio
under this Agreement, (ii) the amount of Indebtedness of any Person for purposes of clause (e) shall be deemed to be
equal to the lesser of (A) the aggregate unpaid principal amount of such Indebtedness and (B) the fair market value of the property
encumbered thereby as determined by such Person in good faith and (iii) the term “Indebtedness” shall exclude (A) intercompany
loans and/or advances arising from cash management, tax and accounting operations and (B) intercompany loans and/or advances made
in the ordinary course of business that have a term that does not exceed 364 days.

 

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For all purposes hereof, the
Indebtedness of any Person shall (i) include the Indebtedness of any third person (including any partnership in which such Person
is a general partner and any unincorporated joint venture in which such Person is a joint venture) to the extent such Person would be
liable therefor under applicable Requirements of Law or any agreement or instrument by virtue of such Person’s ownership interest
in such Person, (A) except to the extent the terms of such Indebtedness provide that such Person is not liable therefor and (B) only
to the extent the relevant Indebtedness is of the type that would be included in the calculation of Consolidated Total Debt; provided,
that notwithstanding anything herein to the contrary, the term “Indebtedness” shall not include, and shall be calculated without
giving effect to, (1) the effects of Accounting Standards Codification Topic 815 and related interpretations to the extent such effects
would otherwise increase or decrease an amount of Indebtedness for any purpose hereunder as a result of accounting for any embedded derivatives
created by the terms of such Indebtedness (it being understood that any such amounts that would have constituted Indebtedness hereunder
but for the application of this proviso shall not be deemed an incurrence of Indebtedness hereunder) and (2) the effects of Statement
of Financial Accounting Standards No. 133 and related interpretations to the extent such effects would otherwise increase or decrease
an amount of Indebtedness for any purpose under this Agreement as a result of accounting for any embedded derivative created by the terms
of such Indebtedness (it being understood that any such amounts that would have constituted Indebtedness under this Agreement but for
the application of this sentence shall not be deemed to be an incurrence of Indebtedness under this Agreement) and (ii) exclude (A) obligations
incurred in connection with the consummation of any transaction solely to the extent the proceeds thereof are and continue to be held
in an escrow, trust, collateral or similar account or arrangement (collectively, an “Escrow”) and are not otherwise
made available to such Person, (B) prepaid or deferred revenue and (C) obligations that constitute “Indebtedness”
solely by virtue of a pledge of an Investment (without an accompanying guaranty) in any Unrestricted Subsidiary.

 

The amount of any Indebtedness
that is issued at a discount to its initial principal amount shall be calculated based on the initial stated principal amount thereof
without giving effect to any such discount.

 

“Indemnified Taxes”
means all Taxes, other than Excluded Taxes or Other 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.

 

“Indemnitee”
has the meaning assigned to such term in Section 9.03(b).

 

“Information”
has the meaning assigned to such term in Section 3.11(a).

 

“Initial Default”
has the meaning assigned to such term in Section 1.15(b)(i).

 

“Initial Intercreditor
Agreement” means the Junior Lien Intercreditor Agreement, substantially in the form of Exhibit G, dated as of the
Closing Date, among, inter alios, the Junior Lien Credit Agreement Collateral Agent (as defined therein), as agent for the Junior
Lien Claimholders (as defined therein), the Administrative Agent, as agent for the First Lien Claimholders (as defined therein), and the
Loan Parties from time to time party thereto.

 

“Initial Lenders”
means the Arrangers and the affiliates of the Arrangers who are party to this Agreement as Lenders on the Closing Date.

 

“Initial Revolving
Credit Commitment” means, with respect to any Person, the commitment of such Person to make Initial Revolving Loans (and acquire
participations in Letters of Credit) hereunder as set forth on the Commitment Schedule, or in the Assignment Agreement pursuant to which
such Person assumed its Initial Revolving Credit Commitment, as applicable, as the same may be (a) reduced from time to time pursuant
to Section 2.09 or 2.19, (b) reduced or increased from time to time pursuant to assignments by or to such Lender
pursuant to Section 9.05 or (c) increased pursuant to Section 2.22. The aggregate amount of the Initial Revolving
Credit Commitments as of the Closing Date is $125,000,000.

 

“Initial Revolving
Credit Exposure” means, with respect to any Lender at any time, the aggregate Outstanding Amount at such time of all Initial
Revolving Loans of such Lender, plus the aggregate amount at such time of such Lender’s LC Exposure, in each case, attributable
to its Initial Revolving Credit Commitment.

 

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“Initial Revolving
Credit Maturity Date” means the date that is five years after the Closing Date.

 

“Initial Revolving
Facility” means the Initial Revolving Credit Commitments and the Initial Revolving Loans and other extensions of credit thereunder.

 

“Initial Revolving
Lender” means any Lender with an Initial Revolving Credit Commitment or any Initial Revolving Credit Exposure.

 

“Initial Revolving
Loan” has the meaning assigned to such term in Section 2.01(a)(ii).

 

“Initial Term Lender”
means any Lender with an Initial Term Loan Commitment or an outstanding Initial Term Loan.

 

“Initial Term Loan
Commitment” means, with respect to any Person, the commitment of such Person to make Initial Term Loans hereunder in an aggregate
amount not to exceed the amount set forth opposite such Person’s name on the Commitment Schedule, as the same may be (a) reduced
from time to time pursuant to Section 2.09, (b) reduced or increased from time to time pursuant to assignments made by
or to such Term Lender pursuant to Section 9.05 or (c) increased from time to time pursuant to Section 2.22.
The aggregate amount of the Term Lenders’ Initial Term Loan Commitments on the Closing Date is $580,000,000.

 

“Initial Term Loan
Maturity Date” means the date that is seven years after the Closing Date.

 

“Initial Term Loans”
has the meaning assigned to such term in Section 2.01(a)(i).

 

“Inside Maturity
Amount” means (a) the greater of $130,000,000 and 100% of Consolidated Adjusted EBITDA as of the last day of the most recently
ended Test Period minus (b) the aggregate outstanding principal amount of Indebtedness incurred in reliance on Sections
2.22, 6.01(p), 6.01(z) and/or 9.02(c) that, in each case under this clause (b), (A) consists
of debt for borrowed money, (B) (1) has a maturity date that is earlier than the Latest Term Loan Maturity Date and/or (2) has
a Weighted Average Life to Maturity that is shorter than the remaining Weighted Average Life to Maturity of any then-existing tranche
of Term Loans (without giving effect to any prepayment thereof that would otherwise modify the Weighted Average Life to Maturity thereof)
and (C) is incurred in reliance on the Inside Maturity Amount.

 

“Intellectual Property
Security Agreement” means any agreement, or a supplement thereto, executed on or after the Closing Date confirming or effecting
the grant of any Lien on IP Rights owned by any Loan Party to the Administrative Agent, for the benefit of the Secured Parties, required
in accordance with this Agreement and the Security Agreement, including a First Lien Intellectual Property Security Agreement substantially
in the form of Exhibit C.

 

“Intercompany Note”
means a promissory note substantially in the form of Exhibit F or such other form to which the Borrower and the Administrative
Agent may reasonably agree.

 

“Intercreditor Agreement”
means:

 

(a)            with
respect to any Indebtedness that constitutes First Lien Debt, a Pari Passu Intercreditor Agreement;

 

(b)            with
respect to any Indebtedness that constitutes Junior Lien Debt, (i) if the Indebtedness under the Second Lien Credit Agreement is
outstanding on the relevant date of determination, the Initial Intercreditor Agreement or (ii) if Indebtedness under the Second Lien
Credit Agreement is not outstanding on the relevant date of determination, an intercreditor agreement substantially in the form of the
Initial Intercreditor Agreement (which may, if applicable, be the Initial Intercreditor Agreement), with any changes thereto (whether
material or immaterial) as the Borrower and the Administrative Agent may agree in their respective reasonable discretion; and/or

 

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(c)            with
respect to any Indebtedness, any other intercreditor or subordination agreement or arrangement (which may take the form of a “waterfall”
or similar provision), as applicable, the terms of which are (i) consistent with market terms (as determined by the Borrower and
the Administrative Agent in good faith) governing arrangements for the sharing and/or subordination of liens and/or arrangements relating
to the distribution of payments, as applicable, at the time the relevant intercreditor agreement is proposed to be established in light
of the type of Indebtedness subject thereto and/or (ii) reasonably acceptable to the Borrower and the Administrative Agent.

 

“Interest Coverage
Ratio” means, as of any date of determination, the ratio of (a) Consolidated Adjusted EBITDA for the most recently ended
Test Period to (b) Ratio Interest Expense for the most recently ended Test Period, in each case of the Borrower and its Restricted
Subsidiaries on a consolidated basis; provided, that, for purposes of calculating the Interest Coverage Ratio for any period ending
prior to the first anniversary of the Closing Date, Ratio Interest Expense shall be an amount equal to actual Ratio Interest Expense from
the Closing Date through the date of determination multiplied by a fraction the numerator of which is 365 and the denominator of
which is the number of days from the Closing Date through the date of determination.

 

“Interest Election
Request” means a request by the Borrower in the form of Exhibit H hereto or another form reasonably acceptable to
the Administrative Agent to convert or continue a Borrowing in accordance with Section 2.08.

 

“Interest Payment
Date” means (a) with respect to any ABR Loan, each Scheduled Payment Date and the maturity date applicable to such ABR
Loan and (b) with respect to any LIBO Rate Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan
is a part and, in the case of a LIBO Rate Loan with an Interest Period of more than three months’ duration, each day that would
have been an Interest Payment Date had successive Interest Periods of three months’ duration been applicable to such Borrowing.

 

“Interest Period”
means with respect to any LIBO Rate Borrowing, the period commencing on the date of such Borrowing and ending on the numerically corresponding
day in the calendar month that is one, three or six months (or, to the extent available to all relevant affected Lenders, 12 months or
any period shorter than 12 months) thereafter, as the Borrower may elect; provided that (a) if any Interest Period would end
on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding
Business Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day and
(b) any Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically
corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of
such Interest Period. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made and thereafter
shall be the effective date of the most recent conversion or continuation of such Borrowing. Notwithstanding the foregoing (but subject
to the proviso in the first sentence of this definition), the Interest Period for (i) any Borrowing made on the Closing Date and/or
(ii) any Borrowing of Revolving Loan made after the Closing Date and prior to July 31, 2021 (which Interest Period shall commence
on the date of such Borrowing), in each case, may, at the option of the Borrower, end on July 31, 2021.

 

“Interpolated Rate”
means, in relation to any LIBO Rate Loan, the rate per annum determined by the Administrative Agent (which determination shall be conclusive
and binding absent manifest error) to be equal to the rate that results from interpolating on a linear basis between: (a) the applicable
Published LIBO Rate for the longest period (for which the applicable Published LIBO Rate is available) that is shorter than the Interest
Period of that LIBO Rate Loan and (b) the applicable Published LIBO Rate for the shortest period (for which the applicable Published
LIBO Rate is available) that exceeds the Interest Period of that LIBO Rate Loan, in each case, as of 11:00 a.m. (London time or Brussels
time, as applicable) two Business Days prior to the first day of such Interest Period.

 

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“Investment”
means (a) any purchase or other acquisition for consideration by the Borrower or any of its Restricted Subsidiaries of any of the
Capital Stock of any other Person (other than any Loan Party), (b) the acquisition for consideration by the Borrower or any of its
Restricted Subsidiaries by purchase or otherwise (other than any purchase or other acquisition of inventory, materials, supplies and/or
equipment in the ordinary course of business) of all or a substantial portion of the business, property or fixed assets of any other Person
constituting an operating division or operating line of business or other operating business unit of such other Person and (c) any
loan, advance (other than any advance to any current or former employee, officer, director, member of management, manager, consultant
or independent contractor of the Borrower, any Restricted Subsidiary, or any Parent Company for moving, entertainment and travel expenses,
drawing accounts and similar expenditures in the ordinary course of business) or capital contribution in exchange for consideration by
the Borrower or any of its Restricted Subsidiaries to any other Person. Subject to Section 5.10, the amount of any Investment
shall be the original cost of such Investment, plus the cost of any addition thereto that otherwise constitutes an Investment, without
any adjustment for any increase or decrease in value, or any write-up, write-down or write-off with respect thereto, but giving effect
to (i) any repayment of principal and/or interest in the case of any Investment in the form of a loan or other debt instrument and
(ii) any return of capital or return on Investment in the case of any equity Investment (whether as a distribution, dividend, redemption
or sale but not in excess of the amount of the relevant initial Investment). It is understood and agreed that the term “Investment”
shall exclude (A) intercompany advances arising from cash management, tax and accounting operations and (B) intercompany loans,
advances or Indebtedness made in the ordinary course of business that have a term that does not exceed 364 days.

 

“Investors”
means (a) the Sponsor, (b) the Management Investors and (c) other investors that, directly or indirectly, beneficially
own Capital Stock in Holdings on the Closing Date, which may include one or more of the Sponsor’s limited partners.

 

“IP Rights”
has the meaning assigned to such term in Section 3.05(c).

 

“IP Separation and
Relicense Transaction” means (a) any Disposition by any Loan Party of any Material Intellectual Property to any Unrestricted
Subsidiary (other than any bona fide operational joint venture established for legitimate business purposes) and/or (b) any Investment
by any Loan Party in the form of a contribution of Material Intellectual Property to any Unrestricted Subsidiary (other than any bona
fide operational joint venture established for legitimate business purposes), in each case, which Material Intellectual Property is, following
the consummation of such Disposition or Investment, licensed by the Borrower and/or any Restricted Subsidiary from the recipient of such
Material Intellectual Property for use by the Borrower and/or such Restricted Subsidiary in the ordinary course of business (other than
pursuant to a bona fide “transition service” or similar arrangement or in the same manner as other customers, suppliers or
commercial partners of the relevant transferee generally).

 

“IRS” means
the US Internal Revenue Service.

 

“ISDA CDS Definitions”
has the meaning assigned to such term in Section 9.02.

 

“Issuing Bank”
means, as the context may require, (a) each of Credit Suisse, Citizens Bank, N.A., Goldman Sachs Bank USA, JPMorgan Chase Bank, N.A.,
Bank of America, N.A., Barclays Bank PLC and UBS AG, Stamford Branch and (b) each other Person that is or becomes a Revolving Lender,
that, in the case of this clause (b), agrees to act as an Issuing Bank hereunder pursuant to Section 2.05(h)(ii), and
in the case of clauses (a) and (b), each such Person in its capacity as an issuer of Letters of Credit hereunder. Each
Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by any branch or Affiliate of such Issuing
Bank, in which case the term “Issuing Bank” shall include any such branch or Affiliate with respect to Letters of Credit issued
by such branch or Affiliate.

 

“Joinder Agreement”
means a Joinder Agreement substantially in the form of Exhibit K or such other form that is reasonably satisfactory to the
Administrative Agent and the Borrower; it being understood and agreed that any Joinder Agreement executed by any Foreign Subsidiary may
include such modifications as may be necessary to reflect the fact that such Foreign Subsidiary may not become party to the Security Agreement.

 

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“Judgment Currency”
has the meaning assigned to such term in Section 9.25.

 

“Junior Lien Debt”
means any Indebtedness (other than Indebtedness among Holdings, the Borrower and/or any of their respective subsidiaries) that is secured
by a Lien on the Collateral that is expressly junior or subordinated to the Lien on the Collateral securing the Initial Term Loans and
the Initial Revolving Loans.

 

“Latest Maturity
Date” means, as of any date of determination, the latest maturity or expiration date applicable to any Loan or commitment hereunder
at such time, including the latest maturity or expiration date of any Term Loan, Term Commitment, Revolving Loan or Revolving Credit Commitment.

 

“Latest Revolving
Credit Maturity Date” means, as of any date of determination, the latest maturity or expiration date applicable to any Revolving
Loan or Revolving Credit Commitment hereunder at such time.

 

“Latest Term Loan
Maturity Date” means, as of any date of determination, the latest maturity or expiration date applicable to any Term Loan hereunder
at such time.

 

“LC Collateral Account”
has the meaning assigned to such term in Section 2.05(i).

 

“LC Disbursement”
means a payment or disbursement made by an Issuing Bank pursuant to a Letter of Credit.

 

“LC Exposure”
means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit (other than any Letter of Credit
that is subject to Letter of Credit Support at such time) at such time and (b) the aggregate principal amount of all LC Disbursements
that have not yet been reimbursed at such time. The LC Exposure of any Revolving Lender at any time shall equal its Applicable Revolving
Credit Percentage of the aggregate LC Exposure at such time.

 

“Legal Reservations”
means the application of the relevant Debtor Relief Laws, general principles of equity and/or principles of good faith and fair dealing.

 

“Lenders”
means the Term Lenders, the Revolving Lenders and any other Person that becomes a party hereto pursuant to an Assignment Agreement, other
than any such Person that ceases to be a party hereto pursuant to an Assignment Agreement.

 

“Letter of Credit”
means any letter of credit issued (or, in the case of any Existing Letter of Credit, deemed to be issued) pursuant to this Agreement.

 

“Letter of Credit
Commitment” means with respect to each Issuing Bank, the commitment of such Issuing Bank to issue Letters of Credit in an aggregate
amount to not exceed the amount set forth opposite such Person’s name on the Commitment Schedule.

 

“Letter of Credit
Reimbursement Loan” has the meaning assigned to such term in Section 2.05(d)(i).

 

“Letter of Credit
Request” means a request by the Borrower for a new Letter of Credit or an amendment to any existing Letter of Credit in accordance
with Section 2.05 and substantially in the form of Exhibit N or such other form that is reasonably satisfactory
to the relevant Issuing Bank and the Borrower.

 

“Letter-of-Credit
Right” has the meaning set forth in Article 9 of the UCC.

 

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“Letter of Credit
Sublimit” means $45,000,000, subject to increase in accordance with Section 2.22 hereof.

 

“Letter of Credit
Support” means, with respect to any Letter of Credit, that (a) such Letter of Credit has been Cash collateralized in an
amount equal to 100% of the face amount of such Letter of Credit, (b) a separate letter of credit has been issued in favor of the
Issuing Bank (or its designee) with respect to such Letter of Credit pursuant to arrangements reasonably satisfactory to such Issuing
Bank and in an amount equal to 100% of the face amount of the applicable Letter of Credit issued hereunder, (c) such Letter of Credit
has been deemed reissued under another agreement in a manner reasonably acceptable to the applicable Issuing Bank or (d) other arrangements
reasonably acceptable to the relevant Issuing Bank with respect to such Letter of Credit.

 

“LIBO Rate”
means, the Published LIBO Rate, as adjusted to reflect applicable reserves prescribed by governmental authorities; provided that,
(a) solely with respect to the Initial Term Loans, in no event shall the LIBO Rate be less than 0.75% per annum and (b) solely
with respect to the Initial Revolving Loans, in no event shall the LIBO Rate be less than 0.00% per annum.

 

“Lien”
means any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, or preference,
priority or other security interest or preferential arrangement 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 Capital Lease having substantially
the same economic effect as any of the foregoing), in each case, in the nature of security; provided that in no event shall an
operating lease in and of itself be deemed to constitute a Lien.

 

“Loan Documents”
means this Agreement, any Promissory Note, each Loan Guaranty, the Collateral Documents, any Intercreditor Agreement (if any) to which
the Borrower is a party, any Perfection Certificate, each Refinancing Amendment, each Incremental Facility Amendment, each Extension Amendment
and any other document or instrument designated by the Borrower and the Administrative Agent as a “Loan Document”. Any reference
in this Agreement or any other Loan Document to a Loan Document shall include all appendices, exhibits or schedules thereto.

 

“Loan Guarantor”
means (a) Holdings and (b) any Subsidiary Guarantor.

 

“Loan Guaranty”
means the First Lien Loan Guaranty, substantially in the form of Exhibit I hereto, executed by each Loan Party thereto and
the Administrative Agent for the benefit of the Secured Parties, as supplemented in accordance with the terms of Section 5.12.

 

“Loan Installment
Date” has the meaning assigned to such term in Section 2.10(a).

 

“Loan Parties”
means the Borrower and each Loan Guarantor.

 

“Loans”
means any Initial Term Loan, any Additional Term Loan, any Revolving Loan or any Additional Revolving Loan.

 

“Management Investors”
means the current and former officers, directors, managers, employees and members of management of the Borrower, any Parent Company and/or
any subsidiary of the Borrower.

 

“Margin Stock”
has the meaning assigned to such term in Regulation U.

 

“Market Capitalization”
means an amount, determined by the Borrower in good faith, equal to (a) the total number of issued and outstanding shares of common
Capital Stock of the Borrower or the applicable Parent Company, as applicable, on the date of the declaration of a Restricted Payment
permitted pursuant to Section 6.04(a)(vii) multiplied by (b) the arithmetic mean of the closing prices per share
of such common Capital Stock on the principal securities exchange on which such common Capital Stock are traded for the 30 consecutive
trading days immediately preceding the date of declaration of such Restricted Payment.

 

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“Material Adverse
Effect” means a material adverse effect on (i) the business, assets, financial condition or results of operations, in each
case, of the Borrower and its Restricted Subsidiaries, taken as a whole, (ii) the rights and remedies (taken as a whole) of the Administrative
Agent under the applicable Loan Documents or (iii) the ability of the Loan Parties (taken as a whole) to perform their payment obligations
under the applicable Loan Documents.

 

“Material Debt Instrument”
means any physical instrument evidencing any Indebtedness for borrowed money owing from any Person other than any Loan Party) which is
required to be pledged and delivered to the Administrative Agent (or its bailee) pursuant to the Security Agreement.

 

“Material Intellectual
Property” means any intellectual property owned by any Loan Party that is, in the good faith determination of the Borrower,
material to the operation of the business of the Borrower and its Restricted Subsidiaries, taken as a whole.

 

“Material Real Estate
Asset” means (a) on the Closing Date, each Real Estate Asset listed on Schedule 1.01(c) and (b) any
 “fee-owned” Real Estate Asset located in the US, any state thereof or the District of Columbia that is acquired by any Loan
Party after the Closing Date having a fair market value (as determined by the Borrower in good faith after taking into account any liabilities
with respect thereto that impact such fair market value) in excess of $10,000,000 as of the date of the acquisition thereof.

 

“Maturity Date”
means (a) with respect to the Initial Revolving Facility, the Initial Revolving Credit Maturity Date, (b) with respect to the
Initial Term Loans, the Initial Term Loan Maturity Date, (c) with respect to any Replacement Term Loan or Revolver Replacement Facility,
the final maturity date for such Replacement Term Loan or Revolver Replacement Facility, as the case may be, as set forth in the applicable
Refinancing Amendment, (d) with respect to any Incremental Facility, the final maturity date set forth in the applicable Incremental
Facility Amendment, and (e) with respect to any Extended Revolving Credit Commitment or Extended Term Loans, the final maturity date
set forth in the applicable Extension Amendment.

 

“Maximum Rate”
has the meaning assigned to such term in Section 9.19.

 

“MFN Indebtedness”
means any Indebtedness incurred in reliance on Section 2.22 that is:

 

(a)            pari
passu with the Initial Term Loans in right of payment and with respect to security;

 

(b)            denominated
in Dollars;

 

(c)            a
broadly syndicated floating rate term B loan;

 

(d)            requires
payment of interest in cash (to the extent of such cash interest);

 

(e)            incurred
in reliance on the Incremental Incurrence-Based Component (and not by virtue of any re-classification described in Section 1.03(l));

 

(f)            scheduled
to mature prior to the date that is one year after the Initial Term Loan Maturity Date; and

 

(g)            incurred
or implemented prior to the date that is 365 days after the Closing Date;

 

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provided that the following
shall not constitute MFN Indebtedness:

 

(i)            Customary
Bridge Loans;

 

(ii)           Customary
Term A Loans;

 

(iii)          Indebtedness
incurred or implemented in connection with any acquisition or similar Investment; and

 

(iv)          Indebtedness
that would otherwise constitute “MFN Indebtedness” in an aggregate outstanding principal amount, with all other Indebtedness
that does not constitute “MFN Indebtedness” in reliance on this clause (iv), not to exceed the greater of $130,000,000
and 100% of Consolidated Adjusted EBITDA for the most recently ended Test Period.

 

“MFN Provision”
has the meaning assigned to such term in Section 2.22(a)(v).

 

“Minimum Extension
Condition” has the meaning assigned to such term in Section 2.23(b).

 

“Moody’s”
means Moody’s Investors Service, Inc.

 

“Mortgage”
means any mortgage, deed of trust or other agreement which conveys or evidences a Lien in favor of the Administrative Agent, for the benefit
of the Administrative Agent and the relevant Secured Parties, on any Material Real Estate Asset constituting Collateral, which shall contain
such terms as may be necessary under applicable local Requirements of Law to perfect a Lien on the applicable Material Real Estate Asset.

 

“Mortgaged Property”
means any Material Real Estate Asset that is encumbered by a Mortgage.

 

“Multiemployer Plan”
means any employee benefit plan which is a “multiemployer plan” as defined in Section 3(37) of ERISA that is subject
to the provisions of Title IV of ERISA, and in respect of which Holdings, the Borrower or any of its Restricted Subsidiaries, or any of
their respective ERISA Affiliates, makes or is obligated to make contributions or with respect to which any of them has any ongoing obligation
or liability, contingent or otherwise.

 

“Net Insurance/Condemnation
Proceeds” means an amount equal to:

 

(a)          any
Cash payment or proceeds (including Cash Equivalents) received by the Borrower or any of its Restricted Subsidiaries (i) under any
casualty insurance policy in respect of a covered loss thereunder of any asset of the Borrower or any of its Restricted Subsidiaries or
(ii) as a result of the taking of any asset of the Borrower or any of its Restricted Subsidiaries by any Person pursuant to the power
of eminent domain, condemnation or otherwise, or pursuant to a sale of any such assets to a purchaser with such power under threat of
such a taking, in each case other than any amount that is attributable to business interruption and/or lost profit; minus

 

(b)          the
sum of the following:

 

(i)            any
actual out-of-pocket cost and/or expense incurred by the Borrower or any of its Restricted Subsidiaries in connection with the adjustment,
settlement or collection of any claims of the Borrower or the relevant Restricted Subsidiary in respect thereof;

 

(ii)           payment
of the outstanding principal amount of, premium or penalty, if any, and interest and other amounts on any Indebtedness (other than the
Loans and/or any after First Lien Debt and/or Junior Lien Debt) that is secured by a Lien on the assets in question and that is required
to be repaid or otherwise comes due or would be in default under the terms thereof as a result of such loss, taking or sale;

 

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(iii)          the
reasonable out-of-pocket costs of putting any affected property in a safe and secure position;

 

(iv)          any
selling costs and/or out-of-pocket expense (including reasonable broker’s fees or commissions, legal fees, accountants’ fees,
investment banking fees, survey costs, title insurance premiums, and related search and recording charges, transfer taxes, deed or mortgage
recording taxes, other customary expenses and brokerage, consultant and other customary fees actually incurred in connection therewith
transfer and similar Taxes and the Borrower’s good faith estimate of income Taxes paid or payable (including pursuant to Tax sharing
arrangements or any intercompany distribution)) in connection with any sale or taking of such assets as described in clause (a) of
this definition; it being understood that the reduction of any net operating loss resulting from such Disposition shall be deemed to constitute
an income Tax “paid or payable” for purposes of this clause (iv);

 

(v)           any
amount provided as a reserve in accordance with GAAP against any liabilities under any indemnification obligation or purchase price adjustments
associated with any sale or taking of such assets as referred to in clause (a) of this definition (provided that to
the extent and at the time any such amount is released from such reserve, such amounts shall constitute Net Insurance/Condemnation Proceeds);
and

 

(vi)          in
the case of any covered loss or taking from any non-Wholly-Owned Subsidiary, the pro rata portion thereof (calculated without regard to
this clause (vi)) attributable to minority interests and not available for distribution to or for the account of the Borrower or
a Wholly-Owned Subsidiary as a result thereof.

 

“Net Proceeds”
means:

 

(a)            with
respect to any Disposition (including any Prepayment Asset Sale), the Cash proceeds (including Cash Equivalents and Cash proceeds subsequently
received (as and when received) in respect of non-cash consideration initially received), net of:

 

(i)            selling
costs and out-of-pocket expenses (including reasonable broker’s fees or commissions, legal fees, accountants’ fees, investment
banking fees, survey costs, title insurance premiums, and related search and recording charges, transfer taxes, deed or mortgage recording
taxes, other customary expenses and brokerage, consultant and other customary fees actually incurred in connection therewith and transfer
and similar Taxes and the Borrower’s good faith estimate of income Taxes paid or payable (including pursuant to any Tax sharing
arrangement and/or any intercompany distribution) in connection with such Disposition); it being understood that the reduction in the
amount of any net operating loss resulting from such Disposition shall be deemed to constitute an income Tax “paid or payable”
for purposes of this clause (i);

 

(ii)           amounts
provided as a reserve in accordance with GAAP against any liabilities under any indemnification obligation or purchase price adjustment
associated with such Disposition (provided that to the extent and at the time any such amount is released from such reserve, such amounts
shall constitute Net Proceeds);

 

(iii)          the
principal amount, premium or penalty, if any, interest and other amounts on any Indebtedness (other than the Loans, Indebtedness
under any Second Lien Facility and any other Indebtedness that constitutes First Lien Debt or Junior Lien Debt) which is secured by the
asset sold in such Disposition and which is required to be repaid or otherwise comes due or would be in default and is repaid (other than
any such Indebtedness that is assumed by the purchaser of such asset);

 

    55

     

    

 

(iv)          any
Cash escrow (until released from escrow to the Borrower or any of its Restricted Subsidiaries) from the sale price for such Disposition;

 

(v)           in
the case of any Disposition by any non-Wholly-Owned Subsidiary, the pro rata portion of the Net Proceeds thereof (calculated without regard
to this clause (v)) that is attributable to any minority interest and not available for distribution to or for the account of the
Borrower or a Wholly-Owned Subsidiary as a result thereof; and

 

(vi)          any
amount used to repay or return any customer deposit required to be repaid or returned as a result of such Disposition; and

 

(b)            with
respect to any issuance or incurrence of Indebtedness, issuance of Capital Stock and/or any contribution in respect of any Capital Stock,
the Cash proceeds thereof, net of all Taxes and customary fees, commissions, costs, underwriting discounts and other fees and expenses
incurred in connection therewith, including any cost associated with the unwinding of any Hedge Agreement in connection with such Indebtedness).

 

“Net Short Lender”
has the meaning assigned to such term in Section 9.02(e).

 

“New Contract”
has the meaning assigned to such term in the definition of “Consolidated Adjusted EBITDA”.

 

“New Pricing or Volume”
has the meaning assigned to such term in the definition of “Consolidated Adjusted EBITDA”.

 

“Non-Debt Fund Affiliate”
means any Investor (which is an Affiliate of Holdings) and any Affiliate of any such Investor, other than any Debt Fund Affiliate.

 

“Non-Defaulting Revolving
Lenders” has the meaning assigned to such term in Section 2.21(d)(i).

 

“Noosa Lease Agreement”
means that certain Amended and Restated Lease Agreement, dated as of January 1, 2018, by and between Morning Fresh Dairy Farm, LLC,
a Colorado limited liability company, and Noosa Yoghurt, LLC, a Colorado limited liability company, and any amendments, restatements,
amendments and restatements, replacements, modifications or supplements with respect thereto.

 

“Obligations”
means all unpaid principal of and accrued and unpaid interest (including interest accruing during the pendency of any bankruptcy, insolvency,
receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans, all LC Exposure,
all accrued and unpaid fees and all expenses (including fees and expenses accruing during the pendency of any bankruptcy, insolvency,
receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), reimbursements, indemnities
and all other advances to, debts, liabilities and obligations of any Loan Party to the Lenders or to any Lender, the Administrative Agent,
any Issuing Bank or any indemnified party arising under the Loan Documents in respect of any Loan or Letter of Credit, whether direct
or indirect (including those acquired by assumption), absolute, contingent, due or to become due, now existing or hereafter arising.

 

“Obligations Derivative
Instrument” has the meaning assigned to such term in Section 9.05(d)(ii).

 

“OFAC”
has the meaning assigned to such term in Section 3.17(a).

 

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“Organizational Documents”
means (a) with respect to any corporation, its certificate or articles of incorporation or organization and its by-laws, (b) with
respect to any limited partnership, its certificate of limited partnership and its partnership agreement, (c) with respect to any
general partnership, its partnership agreement, (d) with respect to any limited liability company, its articles of organization or
certificate of formation, and its operating agreement, and (e) with respect to any other form of entity, such other organizational
documents required by local Requirements of Law or customary under such jurisdiction to document the formation and governance principles
of such type of entity. In the event that any term or condition of this Agreement or any other Loan Document requires any Organizational
Document to be certified by a secretary of state or similar governmental official, the reference to any such “Organizational Document”
shall only be to a document of a type customarily certified by such governmental official.

 

“Other Applicable
Indebtedness” has the meaning assigned to such term in Section 2.11(b)(i).

 

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

 

“Other Taxes”
means all present or future stamp, court or documentary Taxes or any intangible, recording, filing or other similar Taxes arising from
any payment made under any Loan Document or from the execution, delivery or enforcement or registration, from the receipt or perfection
of a security interest under, or otherwise with respect to, any Loan Document, but excluding (i) any Excluded Taxes, and (ii) any
such Taxes that are Other Connection Taxes imposed with respect to an assignment or participation (other than an assignment made pursuant
to Section 2.19).

 

“Outstanding Amount”
means (a) with respect to any Term Loan and/or Revolving Loan on any date, the amount of the aggregate outstanding principal amount
thereof after giving effect to any borrowing and/or prepayment or repayment of such Term Loan and/or Revolving Loan, as the case may be,
occurring on such date, (b) with respect to any Letter of Credit, the aggregate amount available to be drawn under such Letter of
Credit after giving effect to any change in the aggregate amount available to be drawn under such Letter of Credit or the issuance or
expiry of such Letter of Credit, including as a result of any LC Disbursement and (c) with respect to any LC Disbursement on any
date, the amount of the aggregate outstanding amount of such LC Disbursement on such date after giving effect to any disbursement with
respect to any Letter of Credit occurring on such date and any other change in the aggregate amount of such LC Disbursement as of such
date, including as a result of any reimbursement by the Borrower of such unreimbursed LC Disbursement.

 

“Owl Rock”
means Owl Rock Capital Corporation.

 

“Parent Company”
means any Person of which the Borrower is a direct or indirect Wholly-Owned Subsidiary.

 

“Pari Passu Intercreditor
Agreement” means an intercreditor agreement substantially in the form of Exhibit E with any changes thereto (whether
material or immaterial) as the Borrower and the Administrative Agent may agree in their respective reasonable discretion.

 

“Participant”
has the meaning assigned to such term in Section 9.05(c)(i).

 

“Participant/SPC
Register” has the meaning assigned to such term in Section 9.05(c).

 

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“Patent”
means the following: (a) any and all patents and patent applications; (b) all inventions described and claimed therein; (c) all
reissues, divisions, continuations, renewals, extensions and continuations in part thereof; (d) all income, royalties, damages, claims,
and payments now or hereafter due or payable under and with respect thereto, including, without limitation, damages and payments for past
and future infringements thereof; (e) all rights to sue for past, present, and future infringements thereof; and (f) all rights
corresponding to any of the foregoing.

 

“Payment Recipient”
has the meaning assigned to such term in Section 8.14(a).

 

“PBGC”
means the Pension Benefit Guaranty Corporation.

 

“PCT Listco”
means (a) the Public Entity or (b) any Wholly-Owned Subsidiary of Holdings formed in contemplation of a Public Company Transaction
to become the Public Entity.

 

“PCT Reorganization
Transaction” means, collectively, the transactions taken in connection with and reasonably related to consummating a Public
Company Transaction, including:

 

(a)            formation
and ownership of any PCT Shell Company;

 

(b)            entry
into, and performance of, (i) a reorganization or similar agreement among any of the Borrower, one or more of its subsidiaries, any
Parent Company and/or any PCT Shell Company that implements a transaction described in this definition of “PCT Reorganization Transaction”
and any other reorganization transaction in connection with any Public Company Transaction, so long as after giving effect to such agreement
and the transactions contemplated thereby, in the good faith determination of the Borrower, the security interests of the Lenders in the
Collateral and the Loan Guaranty, taken as a whole, would not be materially impaired and (ii) any customary underwriting agreement
in connection with a Public Company Transaction and any future follow-on underwritten public offering of common Capital Stock in the Public
Entity, including the provision by any Public Entity and Holdings or the Borrower of customary representations, warranties, covenants
and indemnification to the underwriters thereunder;

 

(c)            (i) the
merger of any PCT Subsidiary with one or more direct or indirect holders of Capital Stock in Holdings, with such PCT Subsidiary as the
survivor of such merger, and holding Capital Stock in Holdings and/or (ii) the dividend or other distribution by Holdings or the
Borrower of Capital Stock of any PCT Shell Company or other transfer of ownership to any holder of Capital Stock of Holdings;

 

(d)            the
issuance of the Capital Stock of any PCT Shell Company to holders of Capital Stock of Holdings in connection with any PCT Reorganization
Transaction;

 

(e)            the
making of Restricted Payments to (or Investments in) any PCT Shell Company or Holdings or any subsidiary to permit Holdings or the Borrower
to make distributions or other transfers, directly or indirectly, to PCT Listco, in each case solely for the purpose of paying, and solely
in the amount necessary for PCT Listco to pay, Public Company Transaction-related expenses and the making of any such distribution by
Holdings;

 

(f)             the
repurchase by PCT Listco of its Capital Stock from Holdings, the Borrower or any subsidiary;

 

(g)            the
entry into any exchange agreement, pursuant to which holders of Capital Stock of Holdings and certain non-economic/voting Capital Stock
in PCT Listco will be permitted to exchange such interests for certain economic/voting Capital Stock of PCT Listco;

 

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(h)            any
issuance, dividend or distribution of the Capital Stock of any PCT Shell Company or other Disposition of ownership thereof to any PCT
Shell Company and/or the direct or indirect holders of Capital Stock of Holdings; and

 

(i)             any
other transaction reasonably incidental to, or necessary for the consummation of, a Public Company Transaction so long as after giving
effect to such transaction, in the good faith determination of the Borrower, the security interests of the Lenders in the Collateral and
the Loan Guaranty, taken as a whole, would not be materially impaired.

 

“PCT Shell Company”
means each of PCT Listco and any PCT Subsidiary.

 

“PCT Subsidiary”
means any Wholly-Owned Subsidiary of PCT Listco formed in contemplation of, and to facilitate, any PCT Reorganization Transaction and
any Public Company Transaction.

 

“Pension Plan”
means any employee pension benefit plan, as defined in Section 3(2) of ERISA (other than a Multiemployer Plan), that is subject
to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, which Holdings, the Borrower or any
of its Restricted Subsidiaries, or any of their respective ERISA Affiliates, maintains or contributes to or has an obligation to contribute
to, or otherwise has any liability, contingent or otherwise.

 

“Perfection Certificate”
means a certificate substantially in the form of Exhibit J or such other form that is reasonably acceptable to the Administrative
Agent and the Borrower.

 

“Perfection Requirements”
means (a) with respect to the Loan Parties (other than any Discretionary Guarantor that is a Foreign Subsidiary), the filing of appropriate
financing statements with the office of the Secretary of State or other appropriate office of the state of organization of each Loan Party,
the filing of Intellectual Property Security Agreements or other appropriate instruments or notices with the US Patent and Trademark Office
and the US Copyright Office (solely as required under applicable Requirements of Law), the proper recording or filing, as applicable,
of Mortgages and fixture filings with respect to any Material Real Estate Asset constituting Collateral, in each case in favor of the
Administrative Agent for the benefit of the Secured Parties and the delivery to the Administrative Agent of any stock certificate or promissory
note, together with instruments of transfer executed in blank and (b) with respect to any Discretionary Guarantor that is a Foreign
Subsidiary, any recording, filing, registration, notification or other action required to be taken in the applicable jurisdiction, in
each case of the foregoing clauses (a) and (b), to the extent required by the applicable Loan Documents.

 

“Permitted Acquisition”
means any acquisition made by the Borrower or any of its Restricted Subsidiaries, whether by purchase, merger or otherwise, of all or
substantially all of the assets of, or any business line, unit or division or product line (including research and development and related
assets in respect of any product) of, any Person or of a majority of the outstanding Capital Stock of any Person (and, in any event, including
any Investment in (a) any Restricted Subsidiary the effect of which is to increase the Borrower’s or any Restricted Subsidiary’s
equity ownership in such Restricted Subsidiary or (b) any joint venture for the purpose of increasing the Borrower’s or its
relevant Restricted Subsidiary’s ownership interest in such joint venture) if (i) such Person becomes a Restricted Subsidiary
or (ii) such Person, in one transaction or a series of related transaction, is amalgamated, merged or consolidated with or into,
or transfers or conveys substantially all of its assets (or such division, business unit or product line) to, or is liquidated into, the
Borrower or any Restricted Subsidiary as a result of such Investment.

 

“Permitted Asset
Swap” means the concurrent purchase and sale or exchange of Related Business Assets or any combination of Related Business Assets
between the Borrower and/or any Restricted Subsidiary, on the one hand, and any other Person, on the other hand.

 

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“Permitted Bond Hedge
Transaction” means any call or capped call option (or substantively equivalent derivative transaction) with respect to the Public
Entity’s common equity that is purchased by the Public Entity in connection with the issuance of any Convertible Indebtedness; provided
that the purchase price for such Permitted Bond Hedge Transaction, less the proceeds received by the Public Entity from the sale of any
related Permitted Warrant Transaction, does not exceed the net proceeds received by the Public Entity from the Convertible Indebtedness
issued in connection with such Permitted Bond Hedge Transaction.

 

“Permitted Holders”
means (a) the Investors and (b) any Person with which one or more Investors and/or management form a “group” (within
the meaning of Section 14(d) of the Exchange Act) so long as, in the case of this clause (b), the relevant Investors
beneficially own more than 50% of the relevant voting Capital Stock beneficially owned by the group.

 

“Permitted Warrant
Transaction” means any call option, warrant or right to purchase (or substantively equivalent derivative transaction) with respect
to the Public Entity’s common equity sold by the Public Entity substantially concurrently with a related Permitted Bond Hedge Transaction.

 

“Permitted Liens”
means Liens permitted pursuant to Section 6.02.

 

“Person”
means any natural person, corporation, limited liability company, trust, joint venture, association, company, partnership, Governmental
Authority or any other entity.

 

“Plan”
means any “employee benefit plan” (as such term is defined in Section 3(3) of ERISA) maintained by Holdings and/or
any Restricted Subsidiary or, with respect to any such plan that is subject to Section 412 of the Code or Title IV of ERISA, any
of its ERISA Affiliates, other than any Multiemployer Plan.

 

“Platform”
has the meaning assigned to such term in Section 5.01.

 

“Prepayment Asset
Sale” means any non-ordinary course Disposition by the Borrower or any Restricted Subsidiary made pursuant to Section 6.07(h) (other
than any Disposition of any asset of the Borrower or any Restricted Subsidiary acquired after the Closing Date that was (a) acquired
with the proceeds of Qualified Capital Stock and/or any capital contribution in respect of Qualified Capital Stock and/or (b) contributed
to the Borrower and/or any Restricted Subsidiary in respect of Qualified Capital Stock).

 

“Primary Obligor”
has the meaning assigned to such term in the definition of “Guarantee”.

 

“Prime Rate”
means the rate of interest last quoted by The Wall Street Journal as the “Prime Rate” in the US or, if The Wall
Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal Reserve
Statistical Release H.15 (519) (Selected Interest Rates) as the “bank prime loan” rate or, if such rate is no longer quoted
therein, any similar rate quoted therein (as reasonably determined by the Administrative Agent) or any similar release by the Federal
Reserve Board (as reasonably determined by the Administrative Agent).

 

“Pro Forma Basis”
or “pro forma effect” means, with respect to any determination of the Total Net Leverage Ratio, the First Lien Net
Leverage Ratio, the Secured Net Leverage Ratio, the Interest Coverage Ratio, Consolidated Adjusted EBITDA or Consolidated Total Assets
(including any component definition thereof), that:

 

(a)            in
the case of (i) any Disposition of all or substantially all of the Capital Stock of any Restricted Subsidiary or any division and/or
product line of the Borrower and/or any Restricted Subsidiary, (ii) any designation of a Restricted Subsidiary as an Unrestricted
Subsidiary and/or (iii) the implementation of any Business Optimization Initiative relating to a cost-savings action or (iv) if
applicable, any Subject Transaction described in clauses (i) or (j) of the definition thereof, income statement
items (whether positive or negative and including any expected cost saving) attributable to the property or Person subject to such Subject
Transaction, shall be excluded as of the first day of the applicable Test Period with respect to any test or covenant for which the relevant
determination is being made;

 

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(b)            in
the case of (i) any Permitted Acquisition or other Investment, (ii) any designation of any Unrestricted Subsidiary as a Restricted
Subsidiary, (iii) any transaction described in clause (h) of the definition of “Subject Transaction” of (iv) if
applicable, any Subject Transaction described in clause (j) of the definition thereof, income statement items (whether positive
or negative) attributable to the property or Person subject to such Subject Transaction shall be included as of the first day of the applicable
Test Period with respect to any test or covenant for which the relevant determination is being made;

 

(c)            [Reserved];

 

(d)            any
retirement or repayment of Indebtedness by the Borrower or any of its Subsidiaries that constitutes a Subject Transaction shall be deemed
to have occurred as of the first day of the applicable Test Period with respect to any test or covenant for which the relevant determination
is being made;

 

(e)            any
Indebtedness incurred by the Borrower or any of its Restricted Subsidiaries in connection therewith that constitutes a Subject Transaction
shall be deemed to have occurred as of the first day of the applicable Test Period with respect to any test or covenant for which the
relevant determination is being made; provided that, (i) if such Indebtedness has a floating or formula rate, such Indebtedness
shall have an implied rate of interest for the applicable Test Period for purposes of this definition determined by utilizing the rate
that is or would be in effect with respect to such Indebtedness at the relevant date of determination (taking into account any interest
hedging arrangements applicable to such Indebtedness), (ii) interest on any obligation with respect to any Capital Lease shall be
deemed to accrue at an interest rate reasonably determined by a Responsible Officer of the Borrower in good faith to be the rate of interest
implicit in such obligation in accordance with GAAP and (iii) interest on any Indebtedness that may optionally be determined at an
interest rate based upon a factor of a prime or similar rate, a eurocurrency interbank offered rate or other rate shall be determined
to have been based upon the rate actually chosen, or if none, then based upon such optional rate chosen by the Borrower;

 

(f)             the
acquisition of any asset included in calculating Consolidated Total Assets (other than the amount Cash or Cash Equivalents, which is addressed
in clause (g) below), whether pursuant to any Subject Transaction or any Person becoming a subsidiary or merging, amalgamating
or consolidating with or into the Borrower or any of its subsidiaries, or the Disposition of any asset included in calculating Consolidated
Total Assets described in the definition of “Subject Transaction”, shall be deemed to have occurred as of the last day of
the applicable Test Period with respect to any test or covenant for which such calculation is being made;

 

(g)            subject
to Section 1.12, other than, for the avoidance of doubt, for purposes of Section 6.10(a), the Unrestricted Cash
Amount shall be calculated as of the date of the consummation of such Subject Transaction after giving pro forma effect thereto, including
any application of cash proceeds in connection therewith (other than, for the avoidance of doubt, the cash proceeds of any Indebtedness
that is the Subject Transaction for which such a calculation is being made); and

 

(h)            each
other Subject Transaction shall be deemed to have occurred as of the first day of the applicable Test Period (or, in the case of Consolidated
Total Assets, as of the last day of such Test Period) with respect to any test or covenant for which such calculation is being made.

 

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It is hereby agreed that for
purposes of determining pro forma compliance with Section 6.10(a) prior to the last day of the first full Fiscal Quarter
after the Closing Date, the applicable level shall be the level cited in Section 6.10(a). Notwithstanding anything to the
contrary set forth in the immediately preceding paragraph, for the avoidance of doubt, when calculating the First Lien Net Leverage Ratio
for purposes of the definitions of “Applicable Rate” and “Commitment Fee Rate” and for purposes of Section 6.10(a) (other
than for the purpose of determining pro forma compliance with Section 6.10(a) as a condition to taking any action under
this Agreement), the events described in the immediately preceding paragraph that occurred subsequent to the end of the applicable Test
Period shall not be given pro forma effect.

 

“Projections”
means the financial projections, forecasts, financial estimates and other forward-looking and/or projected information of or relating
to the Borrower and its subsidiaries included in the Financial Model (or a supplement thereto).

 

“Promissory Note”
means a promissory note of the Borrower payable to any Lender or its registered assigns, in substantially the form of Exhibit L,
evidencing the aggregate outstanding principal amount of Loans of the Borrower to such Lender resulting from the Loans made by such Lender.

 

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

 

“Public Company Costs”
means Charges associated with, or in anticipation of, or preparation for, compliance with the requirements of the Sarbanes-Oxley Act of
2002 (and, in each case, similar Requirements of Law under other jurisdictions) and the rules and regulations promulgated in connection
therewith and Charges relating to compliance with the provisions of the Securities Act and the Exchange Act (and, in each case, similar
Requirements of Law under other jurisdictions), as applicable to companies with equity or debt securities held by the public, the rules of
national securities exchange companies with listed equity or debt securities, directors’, managers’ and/or employees’
compensation, fees and expense reimbursement, Charges relating to investor relations, shareholder meetings and reports to shareholders
or debtholders, directors’ and officers’ insurance and other executive costs, legal and other professional fees (including
auditors’ and accountants’ fees), listing fees, filing fees and other costs and/or expenses associated with being a public
company.

 

“Public
Company Transaction” means any transaction or series of related transactions (including any initial public offering)
that results in any of the common Capital Stock of Holdings and/or any Parent Company (and/or any permitted successor thereto) being publicly
traded on any US national securities exchange or over-the-counter market or any analogous exchange in any other jurisdiction.

 

“Public Entity”
means, following any Public Company Transaction, the Person the Capital Stock of which is publicly traded as a result of such Public Company
Transaction (which may, for the avoidance of doubt, be a Person the Capital Stock of which was publicly traded prior to such Public Company
Transaction).

 

“Public Lender”
has the meaning assigned to such term in Section 9.01(d).

 

“Published LIBO Rate”
means, with respect to any Interest Period when used in reference to any Loan or Borrowing, (I) with respect to any Loan or Borrowing
denominated in Dollars or any Alternate Currency (other than Euros) (a) the rate of interest appearing on Reuters Screen LIBOR01
Page (or on any successor or substitute page of such service, or any successor to such service as determined by Administrative
Agent) as the London interbank offered rate for deposits in Dollars or any Alternate Currency (other than Euros), as applicable, for a
term comparable to such Interest Period, at approximately 11:00 a.m. (London time) on the date that is two Business Days prior to
the commencement of such Interest Period (but if more than one rate is specified on such page, the rate will be an arithmetic average
of all such rates) or (b) if the rates described in clause (I)(a) is not available at such time for any reason, then the “Published
LIBO Rate” for such Interest Period shall be the Interpolated Rate or (II) with respect to any Loan or Borrowing denominated
in Euros, (a) EURIBOR as of approximately 11:00 a.m. (Brussels time) on the date that is two Business Days prior to the commencement
of such Interest Period (but if more than one rate is specified on such page, the rate will be an arithmetic average of all such rates)
or (b) if the rates described in clause (II)(a) is not available at such time for any reason, then the “Published LIBO
Rate” for such Interest Period shall be the Interpolated Rate.

 

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“QFC Credit Support”
has the meaning assigned to such term in Section 9.26.

 

“Qualified Capital
Stock” of any Person means any Capital Stock of such Person that is not Disqualified Capital Stock.

 

“Rao’s Business”
means the assets, subsidiaries and operating activities comprising the business segment of the Borrower known as “Rao’s”,
including the Rao’s Entity and the plant and equipment, product lines and IP Rights owned by the Rao’s Entity or otherwise
comprising the “Rao’s” business segment.

 

“Rao’s Entity”
means, collectively, Rao’s Specialty Foods, Inc., a New York corporation, and each other Restricted Subsidiary that is material
to the operation of the Rao’s Business (as determined by the Borrower).

 

“Ratio Debt”
has the meaning assigned to such term in Section 6.01(w).

 

“Ratio Interest Expense”
means, with respect to any Person for any period, (a) the total Cash interest expense of such Person and its subsidiaries on a consolidated
basis for such period relating to Consolidated Total Debt, whether paid or accrued and whether or not capitalized, (i) including,
to the extent payable currently in Cash (A) the interest component of any payment under any Capital Lease (regardless of whether
accounted for as interest expense under GAAP) and (B) amortization of original issue discount resulting from the issuance of Indebtedness
at less than par and (ii) excluding (A) amortization of deferred financing fees, debt issuance costs, discounted liabilities,
commissions, fees and expenses, (B) any expense arising from any bridge, commitment and/or other financing fee (including fees and
expenses associated with the Transactions and annual agency fees), (C) any expense resulting from the discounting of Indebtedness
in connection with the application of recapitalization accounting or, if applicable, acquisition accounting, (D) any fee or expense
associated with any Disposition, acquisition, Investment, issuance of Capital Stock or issuance or incurrence of Indebtedness (in
each case, whether or not consummated), (E) any cost associated with obtaining, or breakage costs in respect of, any Hedge Agreement
or other derivative instrument other than any interest rate Hedge Agreement or interest rate derivative instrument with respect to Indebtedness,
(F) any penalty and/or interest relating to Taxes, (G) commissions, discounts, yield and other fees and charges (including any
interest expense) relating to any Receivables Facility and (H)  any non-cash interest expense attributable to any movement in the
mark to market valuation of any obligation under any Hedge Agreement or any other derivative instrument and/or any payment obligation
arising under any Hedge Agreement or derivative instrument other than any interest rate Hedge Agreement or interest rate derivative instrument
with respect to Indebtedness, minus (b) Cash interest income for such period. For purposes of this definition, interest in
respect of any Capital Lease shall be deemed to accrue at an interest rate determined by the Borrower in good faith to be the rate of
interest implicit in such Capital Lease in accordance with GAAP.

 

“Real Estate Asset”
means, at any time of determination, all right, title and interest (fee, leasehold or otherwise) of any Person in and to real property
(including, but not limited to, land, improvements and fixtures thereon).

 

“Receivables Facility
Asset” has the meaning assigned to such term in the definition of “Receivables Facility”.

 

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“Receivables
Facility” means any receivables, factoring and/or securitization facility, arrangement or program that is, other than in the
case of any factoring arrangement, non-recourse to the Borrower and/or any Restricted Subsidiary that is not a Receivables Subsidiary
(except for customary (in the good faith determination of the Borrower) representations, warranties, covenants, performance undertakings,
indemnities, guarantees and liens) pursuant to which the Borrower and/or any of its Restricted Subsidiaries sells, contributes, transfers
and/or grants a security interest in (i) receivables, payables or securitization assets (including royalty and other revenue streams
or other rights to payment and the proceeds thereof) and/or similar and/or related assets and (ii) contract rights, lockbox
accounts, deposit accounts, securities accounts and records with respect to the assets described in the foregoing clause (i) (each
of the assets described in the foregoing clauses (i) and (ii), a “Receivables Facility Asset”) to
either (A) a person that is not a Restricted Subsidiary or (B) a Receivables Subsidiary that, in turn, pledges, sells or otherwise
transfers its Receivables Facility Assets to a Person that is not a Restricted Subsidiary (including any subsidiary of the Borrower).

 

“Receivables Subsidiary”
means any subsidiary of the Borrower formed for the purpose of implementing, or that solely engages in activities relating to, any permitted
securitization, receivables facility, receivables financing, any Receivables Facility and/or any other receivables arrangement and/or
any other activity reasonably related thereto.

 

“Reference Time”
with respect to any setting of the then-current Benchmark means (1) if such Benchmark is the Published LIBO Rate (with respect to
Loans denominated in Dollars), 11:00 a.m. (London time) on the day that is two London banking days preceding the date of such setting,
and (2) if such Benchmark is not the Published LIBO Rate (with respect to Loans denominated in Dollars), the time determined by the
Administrative Agent in its reasonable discretion.

 

“Refinancing Amendment”
means an amendment to this Agreement that is reasonably satisfactory to the Administrative Agent and the Borrower executed by (a) the
Borrower, (b) the Administrative Agent and (c) each Lender that agrees to provide all or any portion of the Replacement Term
Loans or the Revolver Replacement Facility, as applicable, being incurred pursuant thereto and in accordance with Section 9.02(c).

 

“Refinancing Indebtedness”
has the meaning assigned to such term in Section 6.01(p).

 

“Refunding Capital
Stock” has the meaning assigned to such term in Section 6.04(a)(viii).

 

“Register”
has the meaning assigned to such term in Section 9.05(b).

 

“Regulated Bank”
means any insured depository institution that is regulated by foreign, federal or state banking regulators, including, without limitation,
the United States Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation or the Board.

 

“Regulation D”
means Regulation D of the Board as from time to time in effect and all official rulings and interpretations thereunder or thereof.

 

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

 

“Related Business
Assets” means assets (other than cash or Cash Equivalents) used or useful in a Similar Business; provided that any asset
received by the Borrower or any Restricted Subsidiary in exchange for any asset transferred by the Borrower or any Restricted Subsidiary
shall not be deemed to constitute a Related Business Asset if such asset consists of securities of a Person, unless upon receipt of the
securities of such Person, such Person would become a Restricted Subsidiary.

 

“Related Funds”
means with respect to any Lender that is an Approved Fund, any other Approved Fund that is managed by the same investment advisor as such
Lender or by an Affiliate of such investment advisor.

 

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

 

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“Release”
means any release, spill, emission, leaking, pumping, pouring, injection, escaping, deposit, disposal, discharge, dispersal, dumping,
leaching or migration of any Hazardous Material into the Environment (including the abandonment or disposal of any barrels, containers
or other closed receptacles containing any Hazardous Material), including the movement of any Hazardous Material through the air, soil,
surface water or groundwater.

 

“Relevant Governmental
Body” means the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or a committee officially
endorsed or convened by the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or any successor
thereto.

 

“Replaced Revolving
Facility” has the meaning assigned to such term in Section 9.02(c)(ii).

 

“Replaced Term Loans”
has the meaning assigned to such term in Section 9.02(c)(i).

 

“Replacement Debt”
means any Refinancing Indebtedness (whether borrowed in the form of secured or unsecured loans, issued in a public offering, Rule 144A
under the Securities Act or other private placement or bridge financing in lieu of the foregoing or otherwise) incurred in respect of
Indebtedness permitted under Section 6.01(a) (and any subsequent refinancing of such Replacement Debt).

 

“Replacement Term
Loans” has the meaning assigned to such term in Section 9.02(c)(i).

 

“Reportable Event”
means, with respect to any Pension Plan or Multiemployer Plan, any of the events described in Section 4043(c) of ERISA or the
regulations issued thereunder, other than those events as to which the 30-day notice period is waived under PBGC Reg. Section 4043.

 

“Representatives”
has the meaning assigned to such term in Section 9.13.

 

“Repricing Transaction”
means each of (a) the prepayment, repayment, refinancing, substitution or replacement of all or a portion of the Initial Term Loans
substantially concurrently with the incurrence by any Loan Party of any broadly syndicated floating rate secured first lien term B loans
(including any Replacement Term Loan) denominated in Dollars having an Effective Yield that is less than the Effective Yield applicable
to the Initial Term Loans so prepaid, repaid, refinanced, substituted or replaced and (b) any amendment, waiver or other modification
to this Agreement that would have the effect (by affecting the margin and not by virtue of any fluctuation in any floating rate) of reducing
the Effective Yield applicable to the Initial Term Loans; provided, that the primary purpose of such prepayment, repayment, refinancing,
substitution, replacement, amendment, waiver or other modification (as determined by the Borrower in good faith) was to reduce the Effective
Yield applicable to such Initial Term Loans; provided, further, that in no event shall any such prepayment, repayment, refinancing,
substitution, replacement, amendment, waiver or other modification in connection with a Change of Control, Public Company Transaction,
dividend recapitalization, material acquisition or similar material Investment (as determined by the Borrower in good faith), Disposition
or any other transaction that results in an increase in the amount of the Credit Facilities constitute a Repricing Transaction. Any determination
of the Effective Yield for purposes of the definition shall be conclusive and binding on all Lenders, and the Administrative Agent shall
have no liability to any Person with respect to such determination absent bad faith, gross negligence or willful misconduct.

 

“Required Excess
Cash Flow Percentage” means, as of any date of determination, (a) if the First Lien Net Leverage Ratio is greater than
4.25:1.00, 50% (b) if the First Lien Net Leverage Ratio is less than or equal to 4.25:1.00 and greater than 3.75:1.00 (with such
First Lien Net Leverage Ratio test calculated after giving effect to a prepayment determined at a rate of 50%), 25% and (c) if the
First Lien Net Leverage Ratio is less than or equal to 3.75:1.00, 0% (with such First Lien Net Leverage Ratio test calculated after giving
effect to a prepayment determined at a rate of 25%); it being understood and agreed that, for purposes of this definition as it applies
to the determination of the amount of Excess Cash Flow that is required to be applied to prepay the Term Loans under Section 2.11(b)(i) for
any Excess Cash Flow Period, the First Lien Net Leverage Ratio shall be determined on the scheduled date of prepayment calculated on a
Pro Forma Basis after giving pro forma effect to such prepayment.

 

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“Required Lenders” means, at
any time, Lenders having Loans or unused Commitments representing more than 50% of the sum of the total Loans and such unused Commitments
at such time.

 

“Required Net Proceeds
Percentage” means, as of any date of determination, (a) if the First Lien Net Leverage Ratio is greater than 4.25:1.00,
100% (b) if the First Lien Net Leverage Ratio is less than or equal to 4.25:1.00 (with such First Lien Net Leverage Ratio test calculated
after giving effect to a prepayment at a rate of 100%) and greater than 3.75:1.00, 50% and (c) if the First Lien Net Leverage Ratio
is less than or equal to 3.75:1.00 (with such First Lien Net Leverage Ratio test calculated after giving effect to a prepayment at a rate
of 50%), 0%; it being understood and agreed that, for purposes of this definition, as it applies to the determination of the amount of
Net Proceeds or Net Insurance/Condemnation Proceeds that are required to be applied to prepay the Term Loans under Section 2.11(b)(ii),
the First Lien Net Leverage Ratio shall be determined on the scheduled date of prepayment calculated on a Pro Forma Basis after giving
pro forma effect to such prepayment.

 

“Required Revolving
Lenders” means, at any time, Lenders having Revolving Loans, Additional Revolving Loans, unused Revolving Credit Commitments
or unused Additional Revolving Credit Commitments representing more than 50% of the sum of the total Revolving Loans, Additional Revolving
Loans and such unused commitments at such time.

 

“Requirements of
Law” means, with respect to any Person, collectively, the common law and all federal, state, local, foreign, multinational or
international laws, statutes, codes, treaties, standards, rules and regulations, guidelines, ordinances, orders, judgments, writs,
injunctions, decrees (including administrative or judicial precedents or authorities) and the interpretation or administration thereof
by, and other determinations, directives, requirements or requests of any Governmental Authority, in each case whether or not having the
force of law and that are applicable to or binding upon such Person or any of its property or to which such Person or any of its property
is subject.

 

“Resolution Authority”
means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.

 

“Responsible Officer”
means, with respect to any Person, the chief executive officer, the president, the chief financial officer, the treasurer, any assistant
treasurer of such Person and any other individual or similar official thereof, any executive vice president, any senior vice president,
any vice president or the chief operating officer or other officer responsible for the administration of the obligations of such Person
in respect of this Agreement, any member of the board of directors (in the case of any Person that is not incorporated in the US), and,
as to any document delivered on the Closing Date, shall include any secretary or assistant secretary or any other individual or similar
official thereof with substantially equivalent responsibilities of a Loan Party and, solely for purposes of notices given pursuant to
Article 2, any other officer of the applicable Loan Party so designated in writing by the Borrower to the Administrative Agent.
Any document delivered hereunder that is signed by a Responsible Officer of any 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.

 

“Restricted Amount”
has the meaning set forth in Section 2.11(b)(iv).

 

“Restricted Debt”
means any Indebtedness described in clause (a) of the definition of “Indebtedness” (other than such Indebtedness
among Holdings, the Borrower or any of their respective subsidiaries) of any Loan Party that is contractually subordinated in right of
payment to the Obligations with an individual outstanding principal amount in excess of the Threshold Amount.

 

“Restricted Debt
Payment” has the meaning set forth in Section 6.04(b).

 

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“Restricted Payment”
means (a) any dividend or other distribution on account of any shares of any class of the Capital Stock of the Borrower, except a
dividend payable solely in shares of Qualified Capital Stock to the holders of such class; (b) any redemption, retirement, sinking
fund or similar payment, purchase or other acquisition for value of any shares of any class of the Capital Stock of the Borrower 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 the Capital Stock of the Borrower now or hereafter outstanding.

 

“Restricted Subsidiary”
means, as to any Person, any subsidiary of such Person that is not an Unrestricted Subsidiary. Unless otherwise specified, “Restricted
Subsidiary” means any Restricted Subsidiary of the Borrower.

 

“Retained Asset Sale
Proceeds” means the amount of (a) Net Proceeds received by the Borrower and/or any Restricted Subsidiary in respect of
any Prepayment Asset Sale and/or (b) any Net Insurance/Condemnation Proceeds, in each case that are not required to be applied to
prepay the Term Loans pursuant to Section 2.11(b)(i) on account of the fact that the Required Net Proceeds Percentage
is less than 100%.

 

“Retained Excess
Cash Flow Amount” means, at any date of determination, an amount, determined on a cumulative basis, that is equal to (a) the
aggregate cumulative sum of the Excess Cash Flow of the Borrower and its Restricted Subsidiaries that is not required to be applied as
a mandatory prepayment under Section 2.11(b)(i) for all Excess Cash Flow Periods ending after the Closing Date and prior
to such date plus, without duplication, (b) for each Excess Cash Flow Interim Period ended prior to such date but as to which
the corresponding Excess Cash Flow Period has not ended (or no Excess Cash Flow Period has then ended), an amount equal to the Retained
Excess Cash Flow Percentage of Excess Cash Flow of the Borrower and its Restricted Subsidiaries, for such Excess Cash Flow Interim Period;
provided, that such amount shall not be less than zero for any Excess Cash Flow Period or Excess Cash Flow Interim Period.

 

“Retained Excess
Cash Flow Percentage” means, with respect to any Excess Cash Flow Interim Period, (a) 100% minus (b) the Required
Excess Cash Flow Percentage with respect to such Excess Cash Flow Interim Period.

 

“Revaluation Date”
means (a) with respect to any Revolving Loan denominated in an Alternate Currency, each of the following: (i) each date of any
Borrowing of such Revolving Loan, (ii) each date of any continuation of such Revolving Loan pursuant to the terms of this Agreement,
(iii) the last day of each Fiscal Quarter and (iv) the date of any voluntary reduction of a Revolving Credit Commitment pursuant
to Section 2.09(c); and (b) with respect to any Letter of Credit denominated in an Alternate Currency, each of the following:
(i) each date of issuance of such a Letter of Credit, (ii) each date of an amendment of such a Letter of Credit that increases
the face amount thereof and (iii) the last day of each Fiscal Quarter.

 

“Revolver Replacement
Facility” has the meaning assigned to such term in Section 9.02(c)(ii).

 

“Revolving Credit
Commitment” means any Initial Revolving Credit Commitment and any Additional Revolving Credit Commitment.

 

“Revolving Credit
Exposure” means, with respect to any Lender at any time, the aggregate Outstanding Amount at such time of such Lender’s
Initial Revolving Credit Exposure and Additional Revolving Credit Exposure.

 

“Revolving Facility”
means the Initial Revolving Facility, any Incremental Revolving Facility, any facility governing Extended Revolving Credit Commitments
or Extended Revolving Loans and any Revolver Replacement Facility.

 

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“Revolving Facility
Test Condition” means, as of any date of determination, that (a) the aggregate Outstanding Amount of all Revolving Loans
(excluding (i) for the avoidance of doubt, any undrawn Letter of Credit and (ii) through and including the sixth full Fiscal
Quarter ending after the Closing Date, the Outstanding Amount of up to $15,000,000 of Revolving Loans borrowed on the Closing Date) as
of such date minus (b) the Unrestricted Cash Amount as of such date exceeds an amount equal to 35% of the Total Revolving
Credit Commitment as of such date.

 

“Revolving Lender”
means any Initial Revolving Lender and any Additional Revolving Lender.

 

“Revolving Loans”
means any Initial Revolving Loan and any Additional Revolving Loan.

 

“Run-Rate Synergies”
has the meaning assigned to such term in the definition of “Consolidated Adjusted EBITDA”.

 

“S&P”
means Standard & Poor’s Financial Services LLC, a subsidiary of the S&P Global, Inc.

 

“Sale and Lease-Back
Transaction” means any arrangement providing for the lease by the Borrower and/or any Restricted Subsidiary of any real property
or tangible personal property, which property has been or is to be sold or transferred by the Borrower or such Restricted Subsidiary in
contemplation of such lease arrangement.

 

“Scheduled Expenditures”
has the meaning assigned to such term in the definition of “Excess Cash Flow”.

 

“Scheduled Payment
Date” means the last day of each March, June, September and December (commencing September 30, 2021).

 

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

 

“Second Lien Credit
Agreement” means the Second Lien Credit Agreement, dated as of the Closing Date, among, inter alios, the Borrower, Holdings,
Owl Rock, as administrative agent and collateral agent, and the lenders from time to time party thereto.

 

“Second Lien Facility”
means the credit facility governed by the Second Lien Credit Agreement and one or more debt facilities or other financing arrangements
(including indentures) providing for loans or other long-term indebtedness that replace or refinance all or a portion of such debt facility
or other financing arrangement, including any such replacement or refinancing facility or indenture that increases or decreases the amount
permitted to be borrowed thereunder or alters the maturity thereof, and whether by the same or any other agent, lender or group of lenders,
and any amendment, supplement, modification, extension, renewal, restatement, amendment and restatement or refunding thereof or any such
debt facility or other financing arrangement that replaces or refinances such debt facility or other financing arrangement (or any subsequent
replacement and/or refinancing thereof), in each case to the extent permitted or not restricted by this Agreement.

 

“Secured Hedging
Obligations” means all Hedging Obligations (other than any Excluded Swap Obligations) under each Hedge Agreement that is in
effect on the Closing Date or entered into at any time on or after the Closing Date between any Loan Party and (a) a counterparty
that is (or is an Affiliate of) the Administrative Agent, a Lender or an Arranger as of the Closing Date or at the time such Hedge Agreement
is entered into and/or (b) any other Person designated by the Borrower to the Administrative Agent, in each case, for which such
Loan Party agrees to provide security and in each case that has been designated to the Administrative Agent in writing by the Borrower
as being a Secured Hedging Obligation for purposes of the Loan Documents, it being understood that each counterparty thereto shall be
deemed (A) to appoint the Administrative Agent as its agent under the applicable Loan Documents and (B) to agree to be bound
by the provisions of Article 8, Section 9.03 and Section 9.10 and any applicable Intercreditor Agreement
as if it were a Lender.

 

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“Secured Net Leverage
Ratio” means the ratio, as of any date of determination, of (a) Consolidated Secured Debt as of the last day of the most
recently ended Test Period to (b) Consolidated Adjusted EBITDA for the most recently ended Test Period, in each case, of the Borrower
and its Restricted Subsidiaries on a consolidated basis.

 

“Secured Obligations”
means all Obligations, together with (a) all Banking Services Obligations and (b) all Secured Hedging Obligations.

 

“Secured Parties”
means (a) the Lenders and the Issuing Banks, (b) the Administrative Agent, (c) each counterparty to a Hedge Agreement with
a Loan Party the obligations under which constitute Secured Hedging Obligations, (d) each provider of Banking Services to any Loan
Party the obligations under which constitute Banking Services Obligations, and (e) any beneficiary of any indemnification obligation
undertaken by any Loan Party under any Loan Document.

 

“Securities Act”
means the Securities Act of 1933 and the rules and regulations of the SEC promulgated thereunder.

 

“Security”
means a fungible financial instrument that holds some monetary value, such as representing (a) an ownership interest in a publicly-traded
company or rights to such ownership, or (b) a creditor relationship with a Governmental Authority or company.

 

“Security Agreement”
means the First Lien Pledge and Security Agreement, substantially in the form of Exhibit M, among the Loan Parties, as grantors,
and the Administrative Agent for the benefit of the Secured Parties.

 

“Shared Incremental
Amount” means the greater of $128,600,000 and 100% of Consolidated Adjusted EBITDA as of the last day of the most recently ended
Test Period.

 

“Similar Business”
means any Person the majority of the revenues of which are derived from a business that would be permitted by Section 5.18
if the references to “Restricted Subsidiaries” in Section 5.18 were read to refer to such Person.

 

“SOFR”
with respect to any Business Day means the secured overnight financing rate published for such Business Day on the immediately
succeeding Business Day by the Federal Reserve Bank of New York, as the administrator of the benchmark, (or a successor administrator)
on the Federal Reserve Bank of New York’s Website.

 

“SPC” has
the meaning assigned to such term in Section 9.05(e).

 

“Special Dividend”
has the meaning assigned to such term in the preamble.

 

“Special Flood Hazard
Area” means an area that the Federal Emergency Management Agency has designated as an area subject to special flood or mud slide
hazards.

 

“Specified
Commitment” has the meaning assigned to such term in Section 1.12(g).

 

“Specified
Commitment Notice” has the meaning assigned to such term in Section 1.12(g).

 

“Specified Guarantor
Release Provision” has the meaning assigned to such term in Section 8.09.

 

“Specified Subsidiary”
has the meaning assigned to such term in Section 2.11(b)(iv).

 

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“Sponsor”
means, collectively, Advent, its controlled Affiliates and funds managed or advised by any of them or any of their respective controlled
Affiliates.

 

“Spot Rate”
means, for any currency, on any Revaluation Date or other relevant date of determination, the rate determined by the Administrative Agent
to be the rate quoted by the Administrative Agent as the spot rate for the purchase by the Administrative Agent of such currency with
another currency through its principal foreign exchange trading office at approximately 11:00 a.m. on the date that is two Business
Days prior to the date as of which the foreign exchange computation is made; provided that the Administrative Agent may obtain
such spot rate from another financial institution designated by the Administrative Agent if the Administrative Agent does not have as
of the date of determination a spot buying rate for any such currency.

 

“Standby Letter of
Credit” means any letter of credit issued pursuant to this Agreement other than any Commercial Letter of Credit.

 

“Standstill”
has the meaning assigned to such term in Section 7.01(c).

 

“Stated Amount”
means, with respect to any Letter of Credit, at any time, the maximum amount available to be drawn thereunder, in each case determined
(a) as if any future automatic increase in the maximum available amount provided for in any such Letter of Credit had in fact occurred
at such time and (b) without regard to whether any conditions to drawing could then be met but after giving effect to all previous
drawings made thereunder.

 

“Subject Indebtedness”
has the meaning assigned to such term in Section 1.03.

 

“Subject Loans”
has the meaning assigned to such term in Section 2.11(b)(i).

 

“Subject Person”
has the meaning assigned to such term in the definition of “Consolidated Net Income”.

 

“Subject Proceeds”
has the meaning assigned to such term in Section 2.11(b)(ii).

 

“Subject Transaction”
means:

 

(a)            the
Transactions;

 

(b)            any
Permitted Acquisition or any other acquisition or similar Investment, whether by purchase, merger or otherwise, of all or substantially
all of the assets of, or any business line, unit or division of, any Person or of a majority of the outstanding Capital Stock of any Person
(and, in any event, including any Investment in (i) any Restricted Subsidiary the effect of which is to increase the Borrower’s
or any Restricted Subsidiary’s respective equity ownership in such Restricted Subsidiary or (ii) any joint venture for the
purpose of increasing the Borrower’s or its relevant Restricted Subsidiary’s ownership interest in such joint venture), in
each case that is permitted by this Agreement;

 

(c)            any
Disposition of (i) all or substantially all of the assets or (ii) Capital Stock of any subsidiary (or any business unit, line
of business or division of the Borrower and/or any Restricted Subsidiary) not prohibited by this Agreement;

 

(d)            the
designation of a Restricted Subsidiary as an Unrestricted Subsidiary or an Unrestricted Subsidiary as a Restricted Subsidiary in accordance
with Section 5.10;

 

(e)            any
incurrence, retirement, redemption, repayment and/or prepayment of Indebtedness (other than any Indebtedness incurred or repaid under
any revolving credit facility in the ordinary course of business for working capital purposes);

 

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(f)             any
capital contribution in respect of Qualified Capital Stock or any issuance of Qualified Capital Stock (other than any amount constituting
a Cure Amount);

 

(g)            the
implementation of any Business Optimization Initiative;

 

(h)            any
New Contract and/or any New Pricing or Volume;

 

(i)             at
the election of the Borrower, any discontinued operation; and/or

 

(j)             any
other event that by the terms of the Loan Documents requires pro forma compliance with a test or covenant hereunder or requires such test
or covenant to be calculated on a pro forma basis.

 

“subsidiary”
means, with respect to any Person, any corporation, partnership, limited liability company, association, joint venture or other business
entity of which more than 50% of the total voting power of stock or other ownership interests entitled (without regard to the occurrence
of any contingency) to vote in the election of the Person or Persons (whether directors, trustees or other Persons performing similar
functions) having the power to direct or cause the direction of the management and policies thereof is at the time owned or controlled,
directly or indirectly, by such Person or one or more of the other subsidiaries of such Person or a combination thereof, in each case
to the extent the relevant entity’s financial results are required to be included in such Person’s consolidated financial
statements under GAAP; provided that in determining the percentage of ownership interests of any Person controlled by another Person,
no ownership interests in the nature of a “qualifying share” of the former Person shall be deemed to be outstanding. Unless
otherwise specified, “subsidiary” shall mean any subsidiary of the Borrower.

 

“Subsidiary Guarantor”
means (a) on the Closing Date each subsidiary of the Borrower (other than any such subsidiary that is an Excluded Subsidiary on the
Closing Date) and (b) thereafter, each subsidiary of the Borrower that becomes a guarantor of the Secured Obligations pursuant to
the terms of this Agreement, in each case, until such time as the relevant subsidiary is released from its obligations under the Loan
Guaranty in accordance with the terms and provisions hereof.

 

“Successor Alternate
Currency Rate” has the meaning assigned to such term in Section 1.14.

 

“Successor Borrower”
has the meaning assigned to such term in Section 6.07(a).

 

“Successor Holdings”
has the meaning assigned to such term in Section 6.09(b).

 

“Successor Rate Conforming
Changes” means, with respect to any Successor Alternate Currency Rate, any technical, administrative or operational changes
(including changes to the definition of “Interest Period,” timing and frequency of determining rates and making payments of
interest and other administrative matters) that the Administrative Agent and the Borrower decide may be appropriate to reflect the adoption
and implementation of such Successor Alternate Currency Rate and to permit the administration thereof by the Administrative Agent in a
manner substantially consistent with market practice (or, if the Administrative Agent decides that adoption of any portion of such market
practice is not administratively feasible or if the Administrative Agent determines that no market practice for the administration of
the applicable Successor Alternate Currency Rate exists, in such other manner of administration as the Administrative Agent decides is
reasonably necessary in connection with the administration of this Agreement and the other Loan Documents).

 

“Supported QFC”
has the meaning assigned to such term in Section 9.26.

 

“Swap Obligations”
means, with respect to any Loan Guarantor, any obligation to pay or perform under any agreement, contract or transaction that constitutes
a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act.

 

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“TARGET Day”
means any day on which TARGET2 is open for the settlement of payments in Euros.

 

“Tax Compliance Certificate”
has the meaning assigned to such term in Section 2.17(f).

 

“Taxes”
means all present and 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.

 

“Termination Date”
has the meaning assigned to such term in the lead-in to Article 5.

 

“Term Commitment”
means any Initial Term Loan Commitment and any Additional Term Loan Commitment.

 

“Term Facility”
means the Term Loans provided to or for the benefit of the Borrower pursuant to the terms of this Agreement.

 

“Term Lender”
means any Initial Term Lender and any Additional Term Lender.

 

“Term Loan”
means the Initial Term Loans and, if applicable, any Additional Term Loans.

 

“Term SOFR”
means the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body.

 

“Test Period”
means, as of any date, (a) for purposes of determining actual compliance with Section 6.10(a), the Applicable Rate and
the Commitment Fee Rate, the period of four consecutive Fiscal Quarters then most recently ended for which financial statements under
Section 5.01(a) or Section 5.01(b), as applicable, have been delivered (or are required to have been delivered)
and (b) for any other purpose, the period of four consecutive Fiscal Quarters then most recently ended for which financial statements
of the type described in Sections 5.01(a) or (b), as applicable, have been delivered (or are required to have
been delivered) or, if earlier, are internally available; it being understood and agreed that (i) prior to the first delivery (or
required delivery) of financial statements under Sections 5.01(a) or (b), “Test Period” means the period
of four consecutive Fiscal Quarters most recently ended for which financial statements of the Borrower are available and (ii) in
the case of clause (b) above, at the election of the Borrower in its sole discretion, (A) the period of four consecutive
Fiscal Quarters ending on the last day of the fourth Fiscal Quarter of any Fiscal Year may constitute a Test Period if financial statements
of the type described in Section 5.01(a) for the fourth Fiscal Quarter of such Fiscal Year are internally available and/or
(B) the period of the twelve consecutive Fiscal Months ending on the last day of the most recently ended Fiscal Month may constitute
a Test Period if financial statements for such twelve Fiscal Months are internally available.

 

“Threshold Amount”
means the greater of $65,000,000 and 50% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period.

 

“Total Net Leverage
Ratio” means the ratio, as of any date of determination, of (a) Consolidated Total Debt outstanding as of the last day
of the most recently ended Test Period to (b) Consolidated Adjusted EBITDA for the most recently ended Test Period, in each case,
of the Borrower and its Restricted Subsidiaries on a consolidated basis.

 

“Total Revolving
Credit Commitment” means, at any time, the aggregate amount of the Revolving Credit Commitments, as in effect at such time.

 

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“Trademark”
means the following: (a) all trademarks (including service marks), common law marks, trade names, trade dress, and logos, slogans
and other indicia of origin under the Requirements of Law of any jurisdiction in the world, and the registrations and applications for
registration thereof and the goodwill of the business symbolized by the foregoing, (b) all renewals of the foregoing, (c) all
income, royalties, damages, and payments now or hereafter due or payable with respect thereto, including, without limitation, damages,
claims, and payments for past and future infringements thereof, (d) all rights to sue for past, present, and future infringements
of the foregoing, including the right to settle suits involving claims and demands for royalties owing and (e) all domestic rights
corresponding to any of the foregoing.

 

“Transaction Costs”
means fees, premiums, expenses and other transaction costs (including original issue discount or upfront fees) payable or otherwise borne
by the Borrower, any Parent Company and/or its subsidiaries in connection with the Transactions and the transactions contemplated thereby.

 

“Transactions”
means, collectively, (a) the execution, delivery and performance by the Loan Parties of the Loan Documents to which they are a party
and the Borrowing of Loans hereunder on the Closing Date, (b) the Closing Date Refinancing, (c) the execution, delivery and
performance by the Loan Parties of the Loan Documents (as defined in the Second Lien Credit Agreement) to which they are a party and the
incurrence of Indebtedness under the Second Lien Credit Agreement on the Closing Date, (d) the payment of the Special Dividend and
(e) the payment of the Transaction Costs.

 

“Treasury Capital
Stock” has the meaning assigned to such term in Section 6.04(a)(viii).

 

“Treasury Regulations”
means the US federal income tax regulations promulgated under the Code.

 

“Type”,
when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such
Borrowing, is determined by reference to the LIBO Rate or the Alternate Base Rate.

 

“UBS” means
UBS AG, Stamford Branch.

 

“UCC” means
the Uniform Commercial Code as in effect from time to time in the State of New York or any other state the laws of which are required
to be applied in connection with the creation or perfection of security interests.

 

“UK Financial Institution”
means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom
Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated
by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates
of such credit institutions or investment firms.

 

“UK Resolution Authority”
means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.

 

“Unadjusted Benchmark
Replacement” means the Benchmark Replacement excluding the Benchmark Replacement Adjustment.

 

“Unrestricted Cash
Amount” means, as to any Person on any date of determination, the amount of (a) unrestricted Cash and Cash Equivalents
of such Person and (b) Cash and Cash Equivalents of such Person that are restricted in favor of the Credit Facilities and/or other
permitted pari passu or junior secured Indebtedness (which may also include Cash and Cash Equivalents securing other Indebtedness
that is secured by a Lien on Collateral along with the Credit Facilities and and/or other permitted pari passu or junior secured
indebtedness), in each case (i) whether or not held in a pledged account and (ii) calculated in accordance with GAAP.

 

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“Unrestricted Subsidiary”
means (a) any subsidiary of the Borrower that is listed on Schedule 5.10 hereto or designated by the Borrower as an Unrestricted
Subsidiary after the Closing Date pursuant to Section 5.10 and (b) each subsidiary of any Person described in the preceding
clause (a).

 

“US” means
the United States of America.

 

“US Person”
means any Person that is a “United States person” as defined in Section 7701(a)(30) of the Code.

 

“US Special Resolution
Regimes” has the meaning assigned to such term in Section 9.26.

 

“USA PATRIOT Act”
means The Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Title
III of Pub. L. No. 107-56 (signed into law October 26, 2001)).

 

“Weighted Average
Life to Maturity” means, when applied to any Indebtedness at any date, the number of years obtained by dividing: (a) the
sum of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial maturity
or other required scheduled payments of principal, including payment at final maturity, in respect thereof, by (ii) the number of
years (calculated to the nearest one-twelfth) that will elapse between such date and the making of such payment; by (b) the then
outstanding principal amount of such Indebtedness; provided that the effects of any prepayment made in respect of such Indebtedness
shall be disregarded in making such calculation.

 

“Wholly-Owned Subsidiary”
of any Person means a subsidiary of such Person, 100% of the Capital Stock of which (other than directors’ qualifying shares or
shares required by Requirements of Law to be owned by a resident of the relevant jurisdiction) shall be owned by such Person or by one
or more Wholly-Owned Subsidiaries of such Person.

 

“Withdrawal Liability”
means the liability to any Multiemployer Plan as the result of a “complete” or “partial” withdrawal by Holdings,
the Borrower or any Restricted Subsidiary or any ERISA Affiliate from such Multiemployer Plan, as such terms are defined in Part I
of Subtitle E of Title IV of ERISA.

 

“Write-Down and Conversion
Powers” means (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution
Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers
are described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, any powers of the applicable Resolution
Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or
any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations
of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised
under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related
to or ancillary to any of those powers.

 

Section 1.02.     Classification
of Loans and Borrowings. For purposes of this Agreement, Loans may be classified and referred to by Class (e.g., a “Term
Loan”) or by Type (e.g., a “LIBO Rate Loan”) or by Class and Type (e.g., a “LIBO Rate Term
Loan”). Borrowings also may be classified and referred to by Class (e.g., a “Term Loan Borrowing”) or by
Type (e.g., a “LIBO Rate Borrowing”) or by Class and Type (e.g., a “LIBO Rate Term Loan Borrowing”).

 

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Section 1.03.          Terms
Generally. 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.

 

(b)            Whenever
the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms.

 

(c)            The
words “include,” “includes” and “including” shall be deemed to be followed by the phrase “without
limitation.”

 

(d)            The
word “will” shall be construed to have the same meaning and effect as the word “shall.”

 

(e)            The
words “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 hereof.

 

(f)          Any
definition of or reference to any agreement, instrument or other document herein or in any Loan Document (including any Loan Document
and the Second Lien Credit Agreement) shall be construed as referring to such agreement, instrument or other document as from time to
time amended, restated, amended and restated, supplemented or otherwise modified or extended, replaced or refinanced (subject to any restrictions
or qualifications on such amendments, restatements, amendment and restatements, supplements or modifications or extensions, replacements
or refinancings set forth herein).

 

(g)         Any
reference to any Requirement of Law in any Loan Document shall include all statutory and regulatory provisions consolidating, amending,
replacing, supplementing or interpreting such Requirement of Law.

 

(h)            Any
reference herein or in any Loan Document to any Person shall be construed to include such Person’s successors and permitted assigns.

 

(i)            All
references herein or in any Loan Document to Articles, Sections, clauses, paragraphs, Exhibits and Schedules shall be construed to refer
to Articles, Sections, clauses and paragraphs of, and Exhibits and Schedules to, such Loan Document.

 

(j)            In
the computation of periods of time in any Loan Document from a specified date to a later specified date, the word “from” means
 “from and including”, the words “to” and “until” mean “to but excluding” and the word
 “through” means “to and including”.

 

(k)            The
words “asset” and “property”, when used in any Loan Document, 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.

 

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(l)           For
purposes of determining compliance at any time with Sections 5.16, 6.01, 6.02, 6.04, 6.05, 6.06
and 6.07, in the event that any Affiliate transaction, Indebtedness, Lien, Restricted Payment, Restricted Debt Payment, Burdensome
Agreement, Investment or Disposition, as applicable, meets the criteria of more than one of the categories of transactions or items
permitted pursuant to any clause of such Sections 5.16, 6.01 (other than Sections 6.01(a) and (x);
provided that it is understood that the provisions of this Section 1.03(l) shall apply to any amount incurred
in reliance on any provision of the definition of “Incremental Cap” and/or the “Incremental Cap” (or any equivalent
term) as defined in any Second Lien Facility), 6.02 (other than Sections 6.02(a) and (t)), 6.04,
6.05, 6.06 and 6.07, the Borrower, in its sole discretion, may, from time to time, classify or reclassify such transaction
or item (or portion thereof) under one or more clauses of each such Section and will only be required to include the amount and type
of such transaction (or portion thereof) in any one category; provided that:

 

(i)            upon
the date on which financial statements of the type described in Section 5.01(a) or (b) are delivered or,
if earlier, are or become internally available on the date of or following the initial incurrence of any portion of any Indebtedness incurred
under Section 6.01 (other than Section 6.01(a) or (x); provided that it is understood that
the provisions of this clause (i) shall apply to any amount incurred in reliance on any provision of the definition of “Incremental
Cap” and/or the “Incremental Cap” (or any equivalent term) as defined in any Second Lien Facility) (such portion of
such Indebtedness, the “Subject Indebtedness”), if any such Subject Indebtedness could, based on such financial statements,
have been incurred in reliance on Section 6.01 (w), such Subject Indebtedness shall automatically be reclassified as having
been incurred under the applicable provisions of Section 6.01(w), as applicable (subject to any other applicable provision
of Section 6.01(w)) and any associated Lien will be deemed to have been permitted under Section 6.02 upon any
such reclassification; it being understood for the avoidance of doubt that this clause (i) shall not limit the provisions
of the definition of “Incremental Cap”);

 

(ii)            upon
the date on which financial statements of the type described in Section 5.01(a) or (b) are delivered or,
if earlier are or, become internally available on the date of or following the making of any Investment in reliance on Section 6.06
(other than Section 6.06(bb)), if all or any portion of such Investment could, based on such financial statements, have been
made in reliance on Section 6.06(bb), such Investment (or the relevant portion thereof) shall automatically be reclassified
as having been made in reliance on Section 6.06(bb);

 

(iii)           upon
the date on which financial statements of the type described in Section 5.01(a) or (b) are delivered or,
if earlier are or, become internally available on the date of or, following the making of any Restricted Payment under Section 6.04(a) (other
than Section 6.04(a)(xi)), if all or any portion of such Restricted Payment could, based on such financial statements, have
been made in reliance on Section 6.04(a)(xi), such Restricted Payment (or the relevant portion thereof) shall automatically
be reclassified as having been made in reliance on Section 6.04(a)(xi); and

 

(iv)           upon
the date on which financial statements of the type described in Section 5.01(a) or (b) are delivered or,
if earlier are or, become internally available on the date of or, following the making of any Restricted Debt Payment under Section 6.04(b) (other
than Section 6.04(b)(vii)), if all or any portion of such Restricted Debt Payment could, based on such financial statements,
have been made in reliance on Section 6.04(b)(vii), such Restricted Debt Payment (or the relevant portion thereof) shall automatically
be reclassified as having been made in reliance on Section 6.04(b)(vii);

 

provided,
further, that it is understood and agreed that, (A) with respect to the fourth Fiscal Quarter of any Fiscal Year, prior to
the date on which financial statements of the type described in Section 5.01(b) for such Fiscal Year are delivered or,
if earlier, are or become internally available on the date of or or, if earlier, are required to be delivered, the Borrower may, in its
sole discretion, rely on financial statements of the type described in Section 5.01(a) that are internally available
to trigger the reclassification of any transaction based on the financial results as of the end of the fourth Fiscal Quarter of such Fiscal
Year and (B) the Borrower may, in its sole discretion, rely on financial statements for the period of the twelve consecutive Fiscal
Months ending on the last day of the most recently ended Fiscal Month if financial statements for such twelve Fiscal Month period are
or become internally available to trigger the reclassification of any transaction with respect to any matter described above.

 

(m)          It
is understood and agreed that any Indebtedness, Lien, Restricted Payment, Restricted Debt Payment, Burdensome Agreement, Investment,
Disposition and/or Affiliate transaction need not be permitted solely by reference to one category of permitted Indebtedness, Lien, Restricted
Payment, Restricted Debt Payment, Burdensome Agreement, Investment, Disposition and/or Affiliate transaction under Section 5.16,
6.01, 6.02, 6.04, 6.05, 6.06 or 6.07, respectively, and may instead be permitted in part under
any combination thereof, but the Borrower will only be required to include the amount and type of such transaction (or portion thereof)
in one such category (or combination thereof). To the extent the applicability of Section 5.16 or 6.07 with respect
to any transaction is subject to a materiality threshold, such transaction shall only be required to comply with the provisions of such
Sections to the extent of the amount of such transaction that is in excess of such materiality threshold.

 

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(n)           For
purposes of any amount herein expressed as a percentage of Consolidated Adjusted EBITDA, “Consolidated Adjusted EBITDA”, unless
the context otherwise requires, shall be deemed to refer to Consolidated Adjusted EBITDA of the Borrower and its Restricted Subsidiaries.

 

Section 1.04.          Accounting
Terms; GAAP.

 

(a)          All
financial statements to be delivered pursuant to this Agreement shall be prepared in accordance with GAAP as in effect from time to time
and, except as otherwise expressly provided herein, all terms of an accounting nature that are used in calculating the First Lien Net
Leverage Ratio, the Secured Net Leverage Ratio, the Total Net Leverage Ratio, the Interest Coverage Ratio, Consolidated Adjusted EBITDA
or Consolidated Total Assets shall be construed and interpreted in accordance with GAAP, as in effect from time to time; provided
that if the Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision hereof to eliminate the
effect of any change occurring after the date of delivery of the financial statements described in Section 3.04(a) in
GAAP or in the application thereof (including the conversion to IFRS as described below) on the operation of such provision, regardless
of whether any such notice is given before or after such change in GAAP or in the application thereof, then such provision shall be interpreted
on the basis of GAAP as in effect and applied immediately before such change becomes effective until such notice have been withdrawn or
such provision amended in accordance herewith; provided, further, that if the Borrower so requests, the Borrower and the
Administrative Agent shall negotiate in good faith to enter into an amendment of the relevant affected provisions (without the payment
of any amendment or similar fee to the Lenders) to preserve the original intent thereof in light of such change in GAAP or the application
thereof; provided, further, that all terms of an accounting or financial nature used herein shall be construed, and all
computations of amounts and ratios referred to herein shall be made without giving effect to (i) any election under Accounting Standards
Codification 825-10-25 (previously referred to as Statement of Financial Accounting Standards 159) (or any other Accounting Standards
Codification or Financial Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of the
Borrower or any subsidiary at “fair value,” as defined therein and (ii) any treatment of Indebtedness in respect of convertible
debt instruments under Accounting Standards Codification 470-20 (or any other Accounting Standards Codification or Financial Accounting
Standard having a similar result or effect) to value any such Indebtedness in a reduced or bifurcated manner as described therein, and
such Indebtedness shall at all times be valued at the full stated principal amount thereof. If the Borrower notifies the Administrative
Agent that the Borrower (or its applicable Parent Company) is required to report under IFRS or has elected to do so through an early adoption
policy, “GAAP” shall mean international financial reporting standards pursuant to IFRS (provided that after such conversion,
the Borrower cannot elect to report under GAAP).

 

(b)          Notwithstanding
anything to the contrary herein, but subject to Section 1.12, all financial ratios and tests (including the First Lien Net
Leverage Ratio, the Secured Net Leverage Ratio, the Total Net Leverage Ratio, the Interest Coverage Ratio and the amount of Consolidated
Total Assets and Consolidated Adjusted EBITDA (other than, for the avoidance of doubt, for purposes of calculating Excess Cash Flow))
contained in this Agreement that are calculated with respect to any Test Period during which any Subject Transaction occurs shall be calculated
with respect to such Test Period and such Subject Transaction on a Pro Forma Basis. Further, if since the beginning of any such Test Period
and on or prior to the date of any required calculation of any financial ratio or test (i) any Subject Transaction has occurred or
(ii) any Person that subsequently became a Restricted Subsidiary or was merged, amalgamated or consolidated with or into the Borrower
or any of its Restricted Subsidiaries or any joint venture since the beginning of such Test Period has consummated any Subject Transaction,
then, in each case, any applicable financial ratio or test shall be calculated on a Pro Forma Basis for such Test Period as if such Subject
Transaction had occurred at the beginning of the applicable Test Period (or, in the case of Consolidated Total Assets (or with respect
to any determination pertaining to the balance sheet, including the acquisition of Cash and/or Cash Equivalents), as of the last day of
such Test Period) (it being understood, for the avoidance of doubt, that solely for purposes of (A) calculating actual compliance
with Section 6.10(a) and (B) calculating the First Lien Net Leverage Ratio for purposes of the definitions of “Applicable
Rate” and “Commitment Fee Rate”, in each case, the date of the required calculation shall be the last day of the Test
Period, and no Subject Transaction occurring thereafter shall be taken into account).

 

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(c)          Notwithstanding
anything to the contrary contained in paragraph (a) above or in the definition of “Capital Lease,”, only those
leases (assuming for purposes hereof that such leases were then in existence) that would constitute Capital Leases in conformity with
GAAP as in effect prior to giving effect to the adoption of ASU No. 2016-02 “Leases (Topic 842)” and ASU No. 2018-11
 “Leases (Topic 842)” shall be considered Capital Leases hereunder or under any other Loan Document, and all calculations and
deliverables under this Agreement or any other Loan Document shall be made, prepared or available, as applicable, in accordance therewith;
provided, that all financial statements required to be provided hereunder may, at the option of the Borrower, be prepared in accordance
with GAAP without giving effect to the foregoing treatment of Capital Leases.

 

Section 1.05.         Effectuation
of Transactions. Each of the representations and warranties contained in this Agreement (and all corresponding definitions) is made
after giving effect to the Transactions, unless the context otherwise requires.

 

Section 1.06.          Timing
of Payment or Performance. When payment of any obligation or the performance of any covenant, duty or obligation is stated to be due
or performance required on a day which is not a Business Day, the date of such payment (other than as described in the definition of “Interest
Period”) or performance shall extend to the immediately succeeding Business Day, and, in the case of any payment accruing interest,
interest thereon shall be payable for the period of such extension.

 

Section 1.07.          Times
of Day. Unless otherwise specified herein, all references herein to times of day shall be references to New York City time (daylight
or standard, as applicable).

 

Section 1.08.           Currency
Equivalents Generally.

 

(a)          The
Administrative Agent shall determine the Spot Rate as of each Revaluation Date to be used for calculating the Dollar Equivalent amount
of any Revolving Loan and/or Letter of Credit that is denominated in any Alternate Currency. The Spot Rate shall become effective as of
such Revaluation Date and shall be the Spot Rate employed in converting any amount between any Alternate Currency and Dollars until the
next occurring Revaluation Date.

 

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(b)            For
purposes of any determination under Article 1, Article 5, Article 6 (other than Section 6.10(a) and
the calculation of compliance with any financial ratio for purposes of taking any action hereunder) or Article 7 with respect
to any Affiliate transaction, the amount of any Indebtedness, Lien, Restricted Payment, Restricted Debt Payment, Investment, Disposition
or other transaction, event or circumstance, or any determination under any other provision of this Agreement, (any of the foregoing,
a “specified transaction”), in a currency other than Dollars, (i) the Dollar equivalent amount of a specified
transaction in a currency other than Dollars shall be calculated based on the rate of exchange quoted by the Bloomberg Foreign Exchange
Rates & World Currencies Page (or any successor page thereto, or in the event such rate does not appear on any Bloomberg
Page, by reference to such other publicly available service for displaying exchange rates as may be agreed upon by the Administrative
Agent and the Borrower) for such foreign currency, as in effect at 11:00 a.m. (London time) on the date of such specified transaction
(which, in the case of any Restricted Payment, shall be deemed to be the date of the declaration thereof and, in the case of the incurrence
of Indebtedness, shall be deemed to be on the date first committed); provided, that if any Indebtedness is incurred (and, if applicable,
associated Lien granted) to refinance or replace other Indebtedness denominated in a currency other than Dollars, and the relevant refinancing
or replacement would cause the applicable Dollar-denominated restriction to be exceeded if calculated at the relevant currency exchange
rate in effect on the date of such refinancing or replacement, such Dollar-denominated restriction shall be deemed not to have been exceeded
so long as the principal amount of such refinancing or replacement Indebtedness (and, if applicable, associated Lien granted) does not
exceed an amount sufficient to repay the principal amount of such Indebtedness being refinanced or replaced, except by an amount equal
to (x) unpaid accrued interest and premiums (including tender premiums) thereon plus other reasonable and customary fees and expenses
(including upfront fees and original issue discount) incurred in connection with such refinancing or replacement, (y) any existing
commitment unutilized thereunder and (z) any additional amount permitted to be incurred under Section 6.01 and (ii) for
the avoidance of doubt, no Default or Event of Default shall be deemed to have occurred solely as a result of a change in the rate of
currency exchange occurring after the time of any specified transaction so long as such specified transaction was permitted at the time
incurred, made, acquired, committed, entered or declared as set forth in clause (i). For purposes of Section 6.10(a) and
the calculation of compliance with any financial ratio for purposes of taking any action hereunder, on any relevant date of determination,
amounts denominated in currencies other than Dollars shall be translated into Dollars at the applicable currency exchange rate used in
preparing the financial statements delivered pursuant to Sections 5.01(a) or (b) (or, prior to the first such
delivery, the financial statements referred to in Section 3.04), as applicable, for the relevant Test Period and will, with
respect to any Indebtedness, reflect the currency translation effects, determined in accordance with GAAP, of any Hedge Agreement permitted
hereunder in respect of currency exchange risks with respect to the applicable currency in effect on the date of determination for the
Dollar equivalent amount of such Indebtedness; provided that the amount of any Indebtedness that is subject to a Debt FX Hedge
shall be determined in accordance with the definition of “Consolidated Total Debt”. Notwithstanding the foregoing or anything
to the contrary herein, to the extent that the Borrower would not be in compliance with Section 6.10(a) if any Indebtedness
denominated in a currency other than Dollars were to be translated into Dollars on the basis of the applicable currency exchange rate
used in preparing the financial statements delivered pursuant to Section 5.01(a) or (b), as applicable, for the
relevant Test Period, but would be in compliance with Section 6.10(a) if such Indebtedness that is denominated in a currency
other than in Dollars were instead translated into Dollars on the basis of the average relevant currency exchange rates over such Test
Period (taking into account the currency translation effects, determined in accordance with GAAP, of any Hedge Agreement permitted hereunder
in respect of currency exchange risks with respect to the applicable currency in effect on the date of determination for the Dollar equivalent
amount of such Indebtedness), then, solely for purposes of compliance with Section 6.10(a), the First Lien Net Leverage Ratio
as of the last day of such Test Period shall be calculated on the basis of such average relevant currency exchange rates; provided
that the amount of any Indebtedness that is subject to a Debt FX Hedge shall be determined in accordance with the definition of “Consolidated
Total Debt”.

 

(c)            Each
provision of this Agreement shall be subject to such reasonable changes of construction as the Administrative Agent may from time to time
specify with the Borrower’s consent to appropriately reflect a change in currency of any country and any relevant market convention
or practice relating to such change in currency.

 

Section 1.09.          Cashless
Rollovers. Notwithstanding anything to the contrary contained in this Agreement or in any other Loan Document, to the extent that
any Lender extends the maturity date of, or replaces, renews or refinances, any of its then-existing Loans with Incremental Loans, Replacement
Term Loans, Loans in connection with any Revolver Replacement Facility, Extended Term Loans, Extended Revolving Loans or loans incurred
under a new credit facility, in each case, to the extent such extension, replacement, renewal or refinancing is effected by means of a
 “cashless roll” by such Lender, such extension, replacement, renewal or refinancing shall be deemed to comply with any requirement
hereunder or any other Loan Document that such payment be made “in Dollars”, “in immediately available funds”,
 “in Cash” or any other similar requirement.

 

Section 1.10.           Alternate
Currencies.

 

(a)           The
Borrower may from time to time request that Revolving Loans be made and/or Letters of Credit be issued in an Alternate Currency; provided,
that the relevant requested currency is a lawful currency (other than Dollars or Euros) that is readily available and freely transferable
and convertible into Dollars. In the case of any such request with respect to the making of Revolving Loans, such request shall be subject
to the approval of the Administrative Agent and the Revolving Lenders, in the case of any such request with respect to the issuance of
Letters of Credit, such request shall be subject to the approval of the Administrative Agent and each applicable Issuing Bank.

 

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(b)           Any
such request shall be made to the Administrative Agent not later than 11:00 a.m. 10 Business Days prior to the date of any Credit
Extension to be made in the applicable Alternate Currency (or such other time or date as may be agreed by the Administrative Agent). In
the case of any such request pertaining to Revolving Loans, the Administrative Agent shall promptly notify each Revolving Lender thereof
and in the case of any such request pertaining to Letters of Credit, the Administrative Agent shall promptly notify each applicable Issuing
Bank thereof. Each such Revolving Lender (in the case of any such request pertaining to Revolving Loans) and/or each applicable Issuing
Bank (in the case of a request pertaining to Letters of Credit) shall notify the Administrative Agent, not later than 11:00 a.m., five
Business Days after receipt of such request whether it consents, in its sole discretion, to the making of Revolving Loans or the issuance
of Letters of Credit in such requested currency, as the case may be.

 

(c)           Any
failure by any Revolving Lender or the relevant Issuing Bank, as the case may be, to respond to such request within the time period specified
in the preceding paragraph (b) shall be deemed to be a refusal by such Revolving Lender or Issuing Bank, as the case may be, to permit
Revolving Loans to be made or Letters of Credit to be issued, as applicable, in such requested currency. If the Administrative Agent and
all the Revolving Lenders that would be obligated to make Credit Extensions denominated in such requested currency consent to making Revolving
Loans in the requested currency, the Administrative Agent shall so notify the Borrower, and such currency shall thereupon be deemed for
all purposes to be an Alternate Currency hereunder for purposes of any Borrowing of Revolving Loans, if the Administrative Agent and each
applicable Issuing Bank consent to the issuance of Letters of Credit in the requested currency, the Administrative Agent shall so notify
the Borrower and such currency shall thereupon be deemed for all purposes to be an Alternate Currency hereunder for purposes of any Letter
of Credit issuance. If the Administrative Agent fails to obtain the requisite consent to any request for an additional currency under
this Section 1.10, the Administrative Agent shall promptly so notify the Borrower.

 

Section 1.11.          Rates;
LIBOR Notification. The interest rate on LIBO Rate Loans is determined by reference to the Published LIBO Rate, which is derived from
the London interbank offered rate. The London interbank offered rate is intended to represent the rate at which contributing banks may
obtain short-term borrowings from each other in the London interbank market. In July 2017, the U.K. Financial Conduct Authority announced
that, after the end of 2021, it would no longer persuade or compel contributing banks to make rate submissions to the ICE Benchmark Administration
(together with any successor to the ICE Benchmark Administrator, the “IBA”) for purposes of the IBA setting the London
interbank offered rate. On March 5, 2021, the IBA stated that as a result of its not having access to input data necessary to calculate
LIBOR settings on a representative basis beyond the intended cessation dates set forth in the table below, it would have to cease publication
of all 35 LIBOR settings immediately after such dates:

 

	LIBOR Currency	LIBOR Settings	Date
	Dollars	1-week, 2-month	December 31, 2021
	Dollars	
    All other settings

    (i.e., Overnight/Spot Next, 1-month, 3-month,
    6-month and 12-month)
	June 30, 2023
	GBP, EUR, CHF, JPY	All settings	December 31, 2021

 

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The IBA did not identify any successor administrator
in its announcement. In light of this eventuality, public and private sector industry initiatives are currently underway to identify new
or alternative reference rates to be used in place of the London interbank offered rate. Upon the occurrence of a Benchmark Transition
Event or an Early Opt-in Election, Section 1.13 provides a mechanism for determining an alternative rate of interest. The Administrative
Agent will promptly notify the Borrower, pursuant to Section 1.13, of any change to the reference rate upon which the interest rate
on LIBO Rate Loans is based. Without limiting any other provision of this Agreement, the Administrative Agent does not warrant or accept
any responsibility for, and shall not have any liability with respect to, the administration, submission or any other matter related to
the London interbank offered rate or other rates in the definition of “Published LIBOR Rate” or with respect to any alternative
or successor rate thereto, or replacement rate thereof including, without limitation, (i) any such alternative, successor or replacement
rate implemented pursuant to Section 1.13, whether upon the occurrence of a Benchmark Transition Event or an Early Opt-in Election,
and (ii) the implementation of any Benchmark Replacement Conforming Changes pursuant to Section 1.13, including without limitation,
whether the composition or characteristics of any such alternative, successor or replacement reference rate will be similar to, or produce
the same value or economic equivalence of, the Published LIBO Rate or have the same volume or liquidity as did the London interbank offered
rate prior to its discontinuance or unavailability.

 

Section 1.12.          Certain
Calculations and Tests.

 

(a)          Notwithstanding
anything to the contrary herein, to the extent that the terms of this Agreement require (i) compliance with any financial ratio or
test (including, without limitation, Section 6.10(a), any First Lien Net Leverage Ratio test, any Secured Net Leverage Ratio
test, any Total Net Leverage Ratio test or any Interest Coverage Ratio test) and/or any cap expressed as a percentage of Consolidated
Adjusted EBITDA or Consolidated Total Assets, (ii) the absence of a Default or Event of Default (or any type of Default or Event
of Default), (iii) the making or accuracy of any representation and/or warranty or (iv) compliance with availability under any
basket (including any basket expressed as a percentage of Consolidated Adjusted EBITDA or Consolidated Total Assets), in each case, a
condition to (A) the consummation of any transaction in connection with any acquisition or similar Investment (including the assumption
or incurrence of Indebtedness), (B) the making of any Restricted Payment and/or (C) the making of any Restricted Debt Payment,
the determination of whether the relevant condition is satisfied may be made, at the election of the Borrower, (1) in the case of
any acquisition or similar Investment (including with respect to any Indebtedness contemplated, assumed or incurred in connection therewith),
at the time of (or on the basis of the financial statements for the most recently ended Test Period at the time of) either (x) the
execution of the definitive agreement with respect to such acquisition or Investment, (y) in connection with an acquisition to which
the United Kingdom City Code or Takeover and Mergers (or any comparable Requirement of Law) applies, the date on which a “Rule 2.7
announcement” of a firm intention to make an offer in respect of the target of an acquisition (or equivalent notice under comparable
Requirements of Law) or (z) the consummation of such acquisition or Investment, (2) in the case of any Restricted Payment (including
with respect to any Indebtedness contemplated or incurred in connection therewith), at the time of (or on the basis of the financial statements
for the most recently ended Test Period at the time of) (x) the declaration of such Restricted Payment or (y) the making of
such Restricted Payment and (3) in the case of any Restricted Debt Payment (including with respect to any Indebtedness contemplated
or incurred in connection therewith), at the time of (or on the basis of the financial statements for the most recently ended Test Period
at the time of) (x) delivery of irrevocable (which may be conditional) notice with respect to such Restricted Debt Payment or (y) the
making of such Restricted Debt Payment, in each case, after giving effect, on a Pro Forma Basis, to (I) the relevant acquisition, Investment,
Restricted Payment, Restricted Debt Payment and/or any related Indebtedness (including the intended use of proceeds thereof) and (II) to
the extent definitive documents in respect thereof have been executed, the Restricted Payment has been declared or delivery of notice
with respect to a Restricted Debt Payment has been given (which definitive documents, declaration or notice has not terminated or expired
without the consummation thereof), any other Subject Transaction that the Borrower has elected to treat in accordance with this clause
(a).

 

(b)           For
purposes of determining the permissibility of any action, change, transaction or event that requires a calculation of any financial ratio
or test (including, without limitation, Section 6.10(a), any First Lien Net Leverage Ratio test, any Secured Net Leverage
Ratio test, any Total Net Leverage Ratio test, any Interest Coverage Ratio test and/or the amount of Consolidated Adjusted EBITDA or Consolidated
Total Assets), such financial ratio or test shall be calculated at the time such action is taken (subject to clause (a) above),
such change is made, such transaction is consummated or such event occurs, as the case may be, and no Default or Event of Default shall
be deemed to have occurred solely as a result of a change in such financial ratio or test or amount occurring after such calculation,
or after the time such action is taken, such change is made, such transaction is consummated or such event occurs, as the case may be.

 

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(c)          Notwithstanding
anything to the contrary herein, with respect to any amount incurred or transaction entered into (or consummated) in reliance on a provision
of this Agreement (including Section 6.01(x), as it relates to the incurrence of any “fixed” or similar amount
available under any Second Lien Facility) that does not require compliance with a financial ratio or test (including, without limitation,
any First Lien Net Leverage Ratio test, any Secured Net Leverage Ratio test, any Total Net Leverage Ratio test and/or any Interest Coverage
Ratio test) (any such amount, including any such amount drawn or deemed to have been drawn under any revolving credit facility and, for
the avoidance of doubt, any amount that is expressed as a percentage of Consolidated Adjusted EBITDA or Consolidated Total Assets, a “Fixed
Amount”) substantially concurrently with any amount incurred or transaction entered into (or consummated) in reliance on a provision
of this Agreement (including Section 6.01(x), as it relates to the incurrence of any “incurrence-based” or similar
amount available under any Second Lien Facility) that requires compliance with a financial ratio or test (including, without limitation,
Section 6.10(a), any First Lien Net Leverage Ratio test, any Secured Net Leverage Ratio test, any Total Net Leverage Ratio
test and/or any Interest Coverage Ratio test) (any such amount, an “Incurrence-Based Amount”), it is understood and
agreed that (i) any Fixed Amount shall be disregarded in the calculation of the financial ratio or test applicable to the relevant
Incurrence-Based Amount and (ii) except as provided in clause (i), pro forma effect shall be given to the entire transaction.
The Borrower may elect that any amount incurred or transaction entered into (or consummated) in reliance on one or more of any Incurrence-Based
Amount or any Fixed Amount in its sole discretion; provided, that unless the Borrower elects otherwise and except as set forth
in the definition of “Incremental Cap”, each such amount or transaction shall be deemed incurred, entered into or consummated
first under any Incurrence-Based Amount to the maximum extent permitted thereunder.

 

(d)            The
principal amount of any non-interest bearing Indebtedness or other discount security constituting Indebtedness at any date shall be the
principal amount thereof that would be shown on a balance sheet of the Borrower dated such date prepared in accordance with GAAP.

 

(e)            The
increase in any amount secured by any Lien by virtue of the accrual of interest, the accretion of accreted value, the payment of interest
or a dividend in the form of additional Indebtedness, amortization of original issue discount and/or any increase in the amount of Indebtedness
outstanding solely as a result of any fluctuation in the exchange rate of any applicable currency will not be deemed to be the granting
of a Lien for purposes of Section 6.02.

 

(f)            With
respect to any pro forma calculation that is required to be made in connection with any acquisition or similar Investment in respect of
which financial statements for the applicable target are not available for the same Test Period for which financial statements of the
Borrower are available, the Borrower shall make the relevant calculation on the basis of the relevant available financial statements (even
if for differing periods) or such other commercially reasonable basis as the Borrower may elect.

 

(g)           In
connection with the implementation or assumption of any revolving commitment and/or any delayed draw commitment in reliance on any Incurrence-Based
Amount, the Borrower may, in its sole discretion either (a) elect, by written notice to the Administrative Agent (a “Specified
Commitment Notice”), to treat all or any portion of such revolving commitment and/or delayed draw commitment as having been
fully drawn on the date of implementation or assumption (such commitment (or portion thereof), a “Specified Commitment”),
in which case (i) the Borrower shall not be required to comply with any financial ratio or test in connection with any drawing thereunder
after the date of incurrence or assumption and (ii) other than for purposes of (A) the Applicable Rate, (B) the Commitment
Fee Rate, (C) the Required Excess Cash Flow Percentage, (D) the Required Asset Sale Proceeds Percentage and/or (E) actual
compliance with Section 6.10(a), the amount of such Specified Commitment shall be deemed to have been an actual incurrence
of Indebtedness thereunder on the date of implementation or assumption for purposes of calculating any Incurrence-Based Amount or (b) elect
to test the permissibility of all or any portion of any drawing under such revolving commitment and/or delayed draw commitment on the
date of such drawing (if any), in which case, such revolving commitment and/or delayed draw commitment (or portion thereof) shall only
be treated as drawn for purposes of any Incurrence-Based Amount to the extent of any actual drawing thereunder that is outstanding at
the applicable time of determination. It is understood and agreed that the Borrower may, at any time in its sole discretion, (x) deliver
a Specified Commitment Notice with respect to any revolving commitment and/or delayed draw commitment and/or (y) withdraw any Specified
Commitment Notice with respect to all or any portion of any revolving commitment and/or delayed draw commitment and instead elect to treat
such revolving commitment and/or delayed draw commitment in accordance with clause (b) of the immediately preceding sentence.

 

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(h)             Any
determination of the Weighted Average Life to Maturity of any Indebtedness shall be made by the Borrower in good faith at the time of
the incurrence of such Indebtedness.

 

(i)            It
is understood and agreed that the Borrower and/or any Restricted Subsidiary may incur Indebtedness permitted under any provision of Section 6.01
to refinance Indebtedness originally incurred under the same provision of Section 6.01 while the Indebtedness being refinanced
remains outstanding so long as the proceeds of the applicable refinancing Indebtedness are promptly deposited with the trustee or other
applicable representative of the holders of the Indebtedness being refinanced, which proceeds will be applied to satisfy and discharge
the Indebtedness being refinanced in accordance with the documentation governing such Indebtedness.

 

Section 1.13.          Effect
of Benchmark Transition Event.

 

(a)           Benchmark
Replacement. Notwithstanding anything to the contrary herein or in any other Loan Document, upon the occurrence of a Benchmark Transition
Event or an Early Opt-in Election, as applicable, the Administrative Agent and the Borrower may amend this Agreement to replace the Published
LIBO Rate (for Loans denominated in Dollars) with a Benchmark Replacement. Any such amendment will become effective at 5:00 p.m. on
the fifth Business Day after the Administrative Agent has provided such proposed amendment to the Lenders and the Borrower, so long as
the Administrative Agent has not received, by such time, written notice of objection to such amendment from the Lenders constituting the
Required Lenders. No replacement of the Published LIBO Rate with a Benchmark Replacement pursuant to this Section 1.13 will
occur prior to the applicable Benchmark Transition Start Date.

 

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

 

(c)           Notices;
Standards for Decisions and Determinations. The Administrative Agent will promptly notify the Borrower of (i) any occurrence
of a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date and Benchmark Transition
Start Date, (ii) the implementation of any Benchmark Replacement, (iii) the effectiveness of any Benchmark Replacement Conforming
Changes and (iv) the commencement or conclusion of any Benchmark Unavailability Period. Any determination, decision or election that
may be made by the Administrative Agent pursuant to this Section 1.13 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 the Administrative Agent’s sole discretion and
without consent from the Borrower, except, in each case, as expressly required pursuant to this Section 1.13.

 

(d)           Benchmark
Unavailability Period. Upon the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrower
may revoke any request for a LIBO Rate Borrowing of, conversion to or continuation of LIBO Rate Loans to be made, converted or continued
during any Benchmark Unavailability Period and, failing that, the Borrower will be deemed to have converted any such request into a request
for a Borrowing of or conversion to ABR Loans. During any Benchmark Unavailability Period, the component of Alternate Base Rate based
upon the Published LIBO Rate will not be used in any determination of the Alternate Base Rate.

 

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Section 1.14.          Successor
Rates for Alternate Currencies. Notwithstanding anything to the contrary herein or in any other Loan Document, if the Administrative
Agent determines (in its reasonable discretion) or the Borrower or any Lender notifies the Administrative Agent that the Borrower or such
Lender (as applicable) has determined that, with respect to the Published LIBO Rate applicable to Revolving Loans denominated in any Alternate
Currency (the “Alternate Currency Rate”): (a) the circumstances set forth in Section 2.14(a) have
arisen and such circumstances are unlikely to be temporary, (b) the administrator of the applicable Alternate Currency Rate or a
Governmental Authority having jurisdiction has made a public statement identifying a specific date after which such Alternate Currency
Rate has made a public statement identifying a specific date after which such Alternate Currency Rate will permanently or indefinitely
cease to be made available or permitted to be used for determining the interest rate of loans, (c) a Governmental Authority having
jurisdiction over the Administrative Agent has made a public statement identifying a specific date after which such Alternate Currency
Rate shall no longer be permitted to be used for determining the interest rate of loans (each such specific date in clause (b) above
and in this clause (c) a “Scheduled Unavailability Date”), or (d) syndicated loans currently being
executed, or that include language similar to that contained in this Section 1.14, are being executed or amended (as applicable)
to incorporate or adopt a new benchmark interest rate to replace such Alternate Currency Rate, then, 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 mutually agree upon a successor rate to such Alternate Currency Rate, as applicable, and the Administrative Agent and the Borrower
may amend this Agreement to replace the such Alternate Currency Rate with an alternative benchmark rate (including any mathematical or
other adjustments to the benchmark (if any) incorporated therein), giving due consideration to any evolving or then existing convention
for similar syndicated credit facilities denominated in such Alternative Currency, as applicable, for such alternative benchmark (the
 “Adjustment” and any such proposed rate, a “Successor Alternate Currency 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, the Lenders comprising the Required Revolving Lenders have delivered to the
Administrative Agent written notice that such Required Revolving Lenders do not accept such amendment. In connection with the implementation
of a Successor Alternate Currency Rate, the Administrative Agent will have the right to make Successor Rate Conforming Changes from time
to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Successor
Rate Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other
Loan Document, other than the consent of the Borrower in accordance with the definition of “Successor Rate Conforming Changes”.
Any Successor Alternate Currency Rate shall be applied in a manner substantially consistent with market practice determined by the Administrative
Agent; provided that to the extent the Administrative Agent determines that adoption or 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 Successor
Alternate Currency Rate exists, such Successor Alternate Currency Rate shall be applied in a manner as otherwise reasonably determined
by the Administrative Agent. Until an alternate rate of interest shall be determined in accordance with this Section 1.14,
any Borrowing Request or Interest Election Request that requests a Borrowing of, conversion to or continuation of any LIBO Rate Loans
denominated in an Alternate Currency shall be ineffective.

 

Section 1.15.           Certain
Determinations.

 

(a)           For
the avoidance of doubt, in connection with any incurrence of Indebtedness under Section 2.22, “Required Lenders”
and “Required Revolving Lenders” shall be calculated on a Pro Forma Basis in accordance with Section 1.04, Section 2.22
and the definition of “Incremental Cap”; provided that any waiver, amendment or modification obtained on such basis
(i) will become operative substantially contemporaneously with the incurrence of such Indebtedness and (ii) shall not affect
the rights or duties under this Agreement of any Lender holding any Loan and/or Commitment under any then-outstanding Class in a
manner that does not affect the rights or duties of the Lenders in respect of the Indebtedness incurred in reliance on Section 2.22
in connection with the relevant amendment.

 

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(b)           It
is understood and agreed that (i) with respect to any Default or Event of Default, the words “exists,” “is continuing”
or any similar expression with respect thereto shall mean that the Default or Event of Default has occurred and has not yet been cured
or waived; (ii) if any Default or Event of Default occurs due to (A) the failure by the Borrower and/or any Restricted Subsidiary
to take any action by a specified time, such Default or Event of Default shall be deemed to have been cured at the time, if any, that
the applicable Person takes such action or (B) the taking of any action by the Borrower and/or any Restricted Subsidiary that is
not then permitted by the terms of this Agreement or any other Loan Document, such Default or Event of Default shall be deemed to be cured
on the earlier to occur of (1) the date on which such action would be permitted at such time to be taken under this Agreement and
(2) the date on which such action is unwound or modified to the extent necessary so that the modified action is permitted by this
Agreement or the other relevant Loan Document; and (iii) if any Default or Event of Default occurs that is subsequently cured (a
 “Cured Default”), any other Default or Event of Default resulting from the making or deemed making of any representation
or warranty by any Loan Party or the taking of any action by any Loan Party or any subsidiary of any Loan Party, in each case which subsequent
Default or Event of Default would not have arisen had the Cured Default not occurred, shall be deemed to be cured automatically upon,
and simultaneously with, the cure of the Cured Default, but only to the extent that a Responsible Officer of the Borrower was not aware
of the existence of the Cured Default that caused the relevant subsequent Default or Event of Default to arise at the time of the making
or deemed making of the relevant representation and warranty or the taking of the relevant action.

 

(i)          Notwithstanding
anything to the contrary in the Section 1.15(b), an Event of Default (the “Initial Default”) may not be
cured pursuant to Section 1.15(b)(ii):

 

(A)          if
the taking of any action by any Loan Party or Subsidiary of a Loan Party that is not permitted during, and as a result of, the continuance
of such Initial Default directly results in the cure of such Initial Default and a Responsible
Officer of the Borrower had actual knowledge at the time of taking any such action that the Initial Default had occurred and was continuing;

 

(B)           if
such Event of Default arises under Section 7.01(c) (solely with respect to non-compliance with Section 6.10),
(f) or (g);

 

(C)           if
such Event of Default arises under Section 7.01(e) (solely with respect to non-compliance with Section 5.11
(other than as the result of a use of proceeds for a transaction prohibited by any other provision of the Loan Documents)); or

 

(D)          if
such Event of Default arises under Section 7.01(j) or (k) and such Event of Default directly results in a
material impairment of the rights and remedies of the Lenders and the Administrative Agent under the Loan Documents that is incapable
of being cured.

 

(c)          With
respect to any determination under the terms of this Agreement that is vested in the Borrower, the Borrower shall have a right, in its
sole discretion (but not any obligation), to deliver notice of such determination to the Administrative Agent, together with a reasonably
detailed description thereof, which notice shall be conclusive evidence that such determination satisfied the applicable standard under
this Agreement or the relevant other Loan Document unless, within five Business Days following receipt of notice of such determination
(and the related description) from the Borrower, the Required Lenders deliver a written objection to such determination to the Borrower,
which written objection states, with specificity, the basis upon which the Required Lenders object to such determination.

 

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(d)           Notwithstanding
anything to the contrary in this Agreement or in any other Loan Document, if, after delivery of any Compliance Certificate pursuant to
Section 5.01(c), it is subsequently determined that the First Lien Net Leverage Ratio set forth in such Compliance Certificate
is inaccurate for any reason and the result of such inaccuracy is that the Lenders received any amount of interest or any fee for any
relevant period based on an Applicable Rate or Commitment Fee Rate or payment of principal based on the Required Asset Sale Percentage
or the Required Excess Cash Flow Percentage that is greater than or less than the amount that would have applied if the First Lien Net
Leverage Ratio set forth in such Compliance Certificate had been accurately reported, then, for all purposes under this Agreement, (i) in
the case of the Applicable Rate and the Commitment Fee Rate, the Applicable Rate and the Commitment Fee Rate for each day during the relevant
period shall be revised to be based upon the accurately determined First Lien Net Leverage Ratio and, in such event, any shortfall in
the amount of any applicable interest payment shall be due and payable within five Business Days following the date on which the Borrower
becomes aware of the relevant inaccuracy and (ii) in the case of the Required Asset Sale Percentage or the Required Excess Cash Flow
Percentage, any shortfall in the amount of any applicable principal payment shall be due and payable within five Business Days following
the date on which the Borrower becomes aware of the relevant inaccuracy. In the event that (A) any inaccuracy in the calculation
of the First Lien Net Leverage Ratio resulted in a shortfall in the amount of any required interest or principal payment and (B) such
inaccuracy resulted from a good faith mistake on the part of the Borrower in the preparation of such calculation, no Default or Event
of Default shall arise under this Agreement with respect thereto unless the relevant amount has not been paid within the period described
in the preceding sentence.

 

(e)           With
respect to determination of the permissibility of any transaction by Holdings, the Borrower and/or any subsidiary under this Agreement,
(i) the delivery by the Borrower of a third party valuation report from (A) a nationally recognized accounting, appraisal, investment
banking or consulting firm or (B) another firm reasonably acceptable to the Administrative Agent, in each case, shall be conclusive
with respect to the value of the assets covered thereby and (ii) any determination of whether an action is taken “in the ordinary
course of business” or “in a manner consistent with past practice” (or, in either case, any similar expression) shall
be made by the Borrower in good faith.

 

(f)            It
is understood and agreed for the avoidance of doubt that the carve-outs from the provisions of Section 5.16 and/or Article 6
may include items or activities that are not restricted by the relevant provision.

 

Section 1.16.          Conflicts.
Notwithstanding anything to the contrary contained herein or in any other Loan Document, in the event of any conflict or inconsistency
between any term or provision of this Agreement (excluding the Exhibits hereto) and any term or provision of any Exhibit to this
Agreement, the term or provision of this Agreement shall govern, and the Borrower shall be entitled to make such revisions to the relevant
term or provision of the applicable Exhibit to ensure that such term or provision is consistent with the corresponding term or provision
of this Agreement.

 

ARTICLE 2

 

THE CREDITS

 

Section 2.01.          Commitments.

 

(a)           Subject
to the terms and conditions set forth herein, (i) each Initial Term Lender severally, and not jointly, agrees to make term loans
(the “Initial Term Loans”) to the Borrower on the Closing Date in Dollars in a principal amount not to exceed its Initial
Term Loan Commitment and (ii) each Initial Revolving Lender severally, and not jointly, agrees to make revolving loans (the “Initial
Revolving Loans”) to the Borrower in Dollars or any Alternate Currency as may be requested by the Borrower, at any time and
from time to time on and after the Closing Date, and until the earlier of the Initial Revolving Credit Maturity Date and the termination
of the Initial Revolving Credit Commitment of such Initial Revolving Lender in accordance with the terms hereof; provided that,
after giving effect to any Borrowing of Initial Revolving Loans, the Outstanding Amount of such Initial Revolving Lender’s Initial
Revolving Credit Exposure shall not exceed such Initial Revolving Lender’s Initial Revolving Credit Commitment. Within the foregoing
limits and subject to the terms, conditions and limitations set forth herein, (x) Revolving Loans denominated in Dollars may consist
of ABR Loans, LIBO Rate Loans, or a combination thereof, and may be borrowed, paid, repaid and reborrowed and (y) Revolving Loans
denominated in any Alternate Currency shall consist of LIBO Rate Loans, and may be borrowed, paid, repaid and reborrowed. Amounts paid
or prepaid in respect of the Initial Term Loans may not be reborrowed.

 

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(b)           Subject
to the terms and conditions of this Agreement and any applicable Refinancing Amendment, Extension Amendment, or Incremental Facility Amendment,
each Lender with an Additional Commitment of a given Class, severally and not jointly, agrees to make Additional Loans of such Class to
the Borrower, which Loans shall not exceed for any such Lender at the time of any incurrence thereof the Additional Commitment of such
Class of such Lender as set forth in the applicable Refinancing Amendment, Extension Amendment or Incremental Facility Amendment.

 

Section 2.02.          Loans
and Borrowings.

 

(a)           Each
Loan shall be made as part of a Borrowing consisting of Loans of the same Class and Type made by the Lenders ratably in accordance
with their respective Commitments of the applicable Class.

 

(b)           Subject
to Section 2.14, each Borrowing shall be comprised entirely of ABR Loans or LIBO Rate Loans as the Borrower may request in
accordance herewith; provided that each Revolving Loan denominated in any Alternate Currency shall be a LIBO Rate Loan. Each Lender
at its option may make any LIBO Rate Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan; provided
that (i) any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms
of this Agreement, (ii) such LIBO Rate Loan shall be deemed to have been made and held by such Lender, and the obligation of the
Borrower to repay such LIBO Rate Loan shall nevertheless be to such Lender for the account of such domestic or foreign branch or Affiliate
of such Lender and (iii) in exercising such option, such Lender shall use reasonable efforts to minimize increased costs to the Borrower
resulting therefrom (which obligation of such Lender shall not require it to take, or refrain from taking, actions that it determines
would result in increased costs for which it will not be compensated hereunder or that it otherwise determines would be disadvantageous
to it and in the event of such request for costs for which compensation is provided under this Agreement, the provisions of Section 2.15
shall apply); provided, further, that no such domestic or foreign branch or Affiliate of such Lender shall be entitled to
any greater indemnification under Section 2.17 in respect of any US federal withholding tax with respect to such LIBO Rate
Loan than that to which the applicable Lender was entitled on the date on which such Loan was made (except in connection with any indemnification
entitlement arising as a result of any Change in Law after the date on which such Loan was made).

 

(c)           At
the commencement of each Interest Period for any LIBO Rate Borrowing, such LIBO Rate Borrowing shall comprise an aggregate principal amount
that is an integral multiple of $50,000 and not less than $250,000 (or the Dollar Equivalent thereof in the case of any LIBO Rate Borrowing
denominated in any Alternate Currency). Each ABR Borrowing when made shall be in a minimum principal amount of $50,000 and in an integral
multiple of $50,000; provided that an ABR Revolving Loan Borrowing may be made in a lesser aggregate amount that is (x) equal
to the entire aggregate unused Revolving Credit Commitment or (y) required to finance the reimbursement of an LC Disbursement as
contemplated by Section 2.05(d). Borrowings of more than one Type and Class may be outstanding at the same time; provided
that there shall not at any time be more than a total of 15 different Interest Periods in effect for LIBO Rate Borrowings at any time
outstanding (or such greater number of different Interest Periods as the Administrative Agent may agree from time to time).

 

(d)           Notwithstanding
any other provision of this Agreement, the Borrower shall not, nor shall it be entitled to, request, or to elect to convert or continue,
any Borrowing if the Interest Period requested with respect thereto would end after the Maturity Date applicable to the relevant Loans.

 

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Section 2.03.         Requests
for Borrowings. Each Term Loan Borrowing, each Revolving Loan Borrowing, each conversion of Term Loans or Revolving Loans from one
Type to the other, and each continuation of LIBO Rate Loans shall be made upon irrevocable notice by the Borrower to the Administrative
Agent, which may be given by a Borrowing Request or an Interest Election Request, as applicable (provided that any notice in respect
of any Term Loan Borrowing and/or any Revolving Loan Borrowing (x) to be made on the Closing Date may be conditioned on the occurrence
of the Closing Date, (y) to be made in connection with any acquisition, investment or repayment or redemption of Indebtedness may
be conditioned on the closing of such Permitted Acquisition, permitted Investment or permitted repayment or redemption of Indebtedness
or (z) for any other purpose to which the Administrative Agent may consent (such consent not to be unreasonably withheld or delayed),
may be conditioned on the occurrence of the relevant event). Each such notice must be in the form of a Borrowing Request or an Interest
Election Request, as applicable, appropriately completed and signed by a Responsible Officer of the Borrower and must be received by the
Administrative Agent (by hand delivery or other electronic transmission (including “.pdf” or “.tif”)) not later
than (i) 1:00 p.m. three Business Days prior to the requested day of any Borrowing of, conversion to or continuation of LIBO
Rate Loans (or one Business Day in the case of any Borrowing of LIBO Rate Loans to be made on the Closing Date) and (ii) 10:00 a.m. on
the requested date of any Borrowing of or conversion to ABR Loans (or, in each case, such later time as is reasonably acceptable to the
Administrative Agent); provided, however, that if the Borrower wishes to request LIBO Rate Loans having an Interest Period
other than one, three or six months (or, to the extent available to all relevant affected Lenders, 12 months) in duration or such shorter
period as provided in the definition of “Interest Period”, (A) the applicable notice from the Borrower must be received
by the Administrative Agent not later than 1:00 p.m. four Business Days prior to the requested date of the relevant Borrowing, conversion
or continuation (or such later time as is reasonably acceptable to the Administrative Agent), whereupon the Administrative Agent shall
give prompt notice to the appropriate Lenders of such request, (B) the relevant requested Interest Period shall be deemed to be available
to each appropriate Lender unless such Lender has delivered written notice to the Administrative Agent indicating that such Interest Period
is not available to such Lender within one Business Day following the date on which the notice described in clause (A) above
is posted by the Administrative Agent and (C) not later than 12:00 p.m. three Business Days before the requested date of the
relevant Borrowing, conversion or continuation, the Administrative Agent shall notify the Borrower whether or not the requested Interest
Period is available to the appropriate Lenders.

 

If no election as to the Type
of Borrowing is specified, then the requested Borrowing shall be an ABR Borrowing. If no Interest Period is specified with respect to
any requested LIBO Rate Borrowing, then the Borrower shall be deemed to have selected an Interest Period of one month’s duration.
The Administrative Agent shall advise each Lender of the details and amount of any Loan to be made as part of the relevant requested Borrowing
(x) in the case of any ABR Borrowing, on the same Business Day of receipt of a Borrowing Request in accordance with this Section or
(y) in the case of any LIBO Rate Borrowing, no later than one Business Day following receipt of a Borrowing Request in accordance
with this Section.

 

Section 2.04.          [Reserved]

 

Section 2.05.          Letters
of Credit.

 

(a)            General.
Subject to the terms and conditions set forth herein, (i) each Issuing Bank agrees, in each case in reliance upon the agreements
of the other Revolving Lenders set forth in this Section 2.05, (A) from time to time on any Business Day during the period
from the Closing Date to the fifth Business Day prior to the Latest Revolving Credit Maturity Date, upon the request of the Borrower,
to issue Standby Letters of Credit or Commercial Letters of Credit, issued on sight basis only for the account of the Borrower and/or
any of its subsidiaries (provided that the Borrower will be the applicant) and to amend or renew any Letter of Credit previously
issued by it, in accordance with Section 2.05(b), and (B) to honor any draft under any Letter of Credit; provided
that no Issuing Bank shall be required to issue any Letter of Credit if (x) the Stated Amount of such Letter of Credit, taken together
with the aggregate Stated Amount of all other then-outstanding Letters of Credit then issued by such Issuing Bank would exceed such Issuing
Bank’s Letter of Credit Commitment or (y) the issuance of such Letter of Credit would violate any policies or procedures of
such Issuing Bank applicable to letters of credit generally and applied by such Issuing Bank to similarly situated borrowers, and (ii) each
Revolving Lender severally agrees to participate in each Letter of Credit as provided in Section 2.05(d). It is understood
and agreed that none of Credit Suisse, Barclays, UBS or Goldman Sachs Bank USA as Issuing Bank shall be required (but shall be permitted
to) issue any Letter of Credit that is not a Standby Letter of Credit denominated in Dollars.

 

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(i)            Notice
of Issuance, Amendment, Renewal, Extension; Certain Conditions. To request the issuance of any Letter of Credit, the Borrower shall
deliver to the applicable Issuing Bank and the Administrative Agent, at least three Business Days in advance of the requested date of
issuance (or such shorter period as is acceptable to the applicable Issuing Bank or, in the case of any issuance to be made in an Alternate
Currency, five Business Days in advance of the requested date of issuance), a Letter of Credit Request (it being understood that, to the
extent applicable, the issuance of any Letter of Credit expressly for the benefit of any subsidiary that is not a Loan Party shall be
contingent upon the Administrative Agent’s receipt of any documentation and other information with respect to such subsidiary that
has not been previously provided with respect to any Loan Party, that is required by regulatory authorities under applicable “know
your customer” and anti-money laundering rules and regulations, including the PATRIOT Act, and reasonably requested by the
applicable Issuing Bank at least three Business Days prior to the requested date of issuance). To request an amendment, extension or renewal
of an outstanding Letter of Credit, (other than any automatic extension of a Letter of Credit permitted under Section 2.05(c))
the Borrower shall submit a Letter of Credit Request to the applicable Issuing Bank or Issuing Banks selected by the Borrower (with a
copy to the Administrative Agent) at least three Business Days in advance of the requested date of amendment, extension or renewal (or
such shorter period as is acceptable to the applicable Issuing Bank), identifying the Letter of Credit to be amended, extended or renewed,
and specifying the proposed date (which shall be a Business Day) and other details of the amendment, extension or renewal. If requested
by the applicable Issuing Bank in connection with any request for any Letter of Credit, the Borrower also shall submit a letter of credit
application on such Issuing Bank’s standard form. In the event of any inconsistency between the terms and conditions of this Agreement
and the terms and conditions of any form of letter of credit application or other agreement submitted by the Borrower to, or entered into
by the Borrower with, the applicable Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control.
No Letter of Credit, letter of credit application or other document entered into by the Borrower with any Issuing Bank relating to any
Letter of Credit shall contain any representation or warranty, covenant or event of default not set forth in this Agreement (and to the
extent any representation or warranty, covenant or event of default in any letter of credit application or any such other document is
inconsistent herewith, the same shall be rendered null and void (or reformed automatically without further action by any Person to conform
to the terms of this Agreement), and all representations and warranties, covenants and events of default set forth therein shall contain
standards, qualifications, thresholds and exceptions for materiality or otherwise consistent with those set forth in this Agreement (and,
to the extent any representation or warranty, covenant or event of default in any letter of credit application or any such other document
is inconsistent herewith, the same shall be deemed to automatically incorporate the applicable standards, qualifications, thresholds and
exceptions set forth herein without action by any Person). No Letter of Credit may be issued, amended, extended or renewed unless (and
with respect to clause (i) and (ii) below, upon the issuance, amendment, extension or renewal of each Letter of
Credit, the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, extension, or renewal
(i) the LC Exposure does not exceed the Letter of Credit Sublimit, and (ii) (A) the aggregate amount of the Initial Revolving
Credit Exposure shall not exceed the aggregate amount of the Initial Revolving Credit Commitments then in effect, (B) the aggregate
amount of the Additional Revolving Credit Exposure attributable to any Class of Additional Revolving Credit Commitments does not
exceed the aggregate amount of the Additional Revolving Credit Commitments of such Class then in effect and (C) if such Letter
of Credit has a term that extends beyond the Maturity Date applicable to the Revolving Credit Commitments of any Class, the aggregate
amount of the LC Exposure attributable to Letters of Credit expiring after such Maturity Date (1) does not exceed the aggregate amount
of the Revolving Credit Commitments then in effect that are scheduled to remain in effect after such Maturity Date or (2) is subject
to Letter of Credit Support.

 

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(b)          Expiration
Date.

 

(i)            No
Standby Letter of Credit shall expire later than the earlier of (A) the date that is one year after the date of the issuance of such
Standby Letter of Credit (or such later date to which the applicable Issuing Bank may agree) and (B) the date that is five Business
Days prior to the Latest Revolving Credit Maturity Date; provided, that any Standby Letter of Credit may provide for the automatic
extension thereof for any number of additional periods of up to one year in duration (which additional periods shall not extend beyond
the date referred to in the preceding clause (B) unless such Letter of Credit is subject to Letter of Credit Support).

 

(ii)           No
Commercial Letter of Credit shall expire later than the earlier to occur of (A) 180 days after the issuance thereof (or such later
date to which the applicable Issuing Bank may agree) and (B) the date that is five Business Days prior to the Latest Revolving Credit
Maturity Date, unless such Letter of Credit is subject to Letter of Credit Support.

 

(c)           Participations.
By the issuance of any Letter of Credit (or an amendment to any Letter of Credit increasing the amount thereof) (or by the execution and
delivery of this Agreement in the case of any Existing Letter of Credit) and without any further action on the part of the applicable
Issuing Bank or the Revolving Lenders, the applicable Issuing Bank hereby grants to each Revolving Lender, and each Revolving Lender hereby
acquires from such Issuing Bank, a participation in such Letter of Credit equal to such Revolving Lender’s Applicable Revolving
Credit Percentage of the aggregate amount available to be drawn under such Letter of Credit (in respect of any Letter of Credit issued
in an Alternate Currency, expressed in the Dollar Equivalent thereof). In consideration and in furtherance of the foregoing, each Revolving
Lender hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the applicable Issuing Bank,
such Lender’s Applicable Percentage of each LC Disbursement made by such Issuing Bank and not reimbursed by the Borrower on the
date due as provided in paragraph (d) of this Section, or of any reimbursement payment required to be refunded to the Borrower
for any reason. Each Revolving Lender acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph
in respect of Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any
amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a Default or Event of Default or reduction
or termination of the Revolving Credit Commitments, and that each such payment shall be made without any offset, abatement, withholding
or reduction whatsoever.

 

(d)          Reimbursement.

 

(i)            If
the applicable Issuing Bank makes any LC Disbursement in respect of a Letter of Credit, the Borrower shall reimburse such LC Disbursement
by paying to the Administrative Agent (or, in the case of Commercial Letters of Credit, the applicable Issuing Bank) an amount equal to
such LC Disbursement not later than 1:00 p.m. two Business Days immediately following the date on which the Borrower receives notice
of such LC Disbursement under paragraph (f) of this Section (provided that the Borrower may, subject to the conditions
to borrowing set forth herein, request in accordance with Section 2.03 that such payment be financed (A) in the case
of a Letter of Credit denominated in Dollars, with an ABR Revolving Loan Borrowing denominated in Dollars in an equivalent amount and
(B) in the case of a Letter of Credit denominated in an Alternate Currency, a LIBO Rate Revolving Loan denominated in any Alternate
Currency in an equivalent amount (any such Revolving Loan Borrowing, a “Letter of Credit Reimbursement Loan”), and,
to the extent so financed, the obligation of the Borrower to make such payment shall be discharged and replaced by the resulting Borrowing.
If the Borrower fails to make such payment when due, the Administrative Agent shall notify each Revolving Lender of the applicable LC
Disbursement, the payment then due from the Borrower in respect thereof and such Revolving Lender’s Applicable Revolving Credit
Percentage thereof. Promptly following receipt of such notice, each Revolving Lender shall pay to the Administrative Agent its Applicable
Revolving Credit Percentage of the payment then due from the Borrower, in the same manner as provided in Section 2.07 with
respect to Loans made by such Revolving Lender (and Section 2.07 shall apply, mutatis mutandis, to the payment obligations
of the Revolving Lenders), and the Administrative Agent shall promptly pay to the applicable Issuing Bank the amounts so received by it
from the Revolving Lenders. Promptly following receipt by the Administrative Agent of any payment from the Borrower pursuant to this paragraph,
the Administrative Agent shall distribute such payment to the applicable Issuing Bank or, to the extent that Revolving Lenders have made
payments pursuant to this paragraph to reimburse such Issuing Bank, then to such Revolving Lenders and such Issuing Bank as their interests
may appear.

 

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(ii)           If
any Revolving Lender fails to make available to the Administrative Agent for the account of the applicable Issuing Bank any amount required
to be paid by such Revolving Lender pursuant to the foregoing provisions of this Section 2.05(d) by the time specified
therein, such Issuing Bank shall be entitled to recover from such Revolving Lender (acting through the Administrative Agent), on demand,
such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately
available to such Issuing Bank at a rate per annum equal to the greater of the Federal Funds Effective Rate (or, in the case of any Letter
of Credit denominated in any Alternate Currency, the Administrative Agent’s customary rate for interbank advances in such Alternate
Currency) from time to time in effect and a rate determined by the Administrative Agent in accordance with banking industry rules on
interbank compensation. A certificate of the applicable Issuing Bank submitted to any Revolving Lender (through the Administrative Agent)
with respect to any amount owing under this clause (ii) shall be conclusive absent manifest error.

 

(e)          Obligations
Absolute. The obligation of the Borrower to reimburse LC Disbursements as provided in paragraph (d) of this Section shall
be absolute and unconditional and irrespective of (i) any lack of validity or enforceability of any Letter of Credit or this Agreement,
or any term or provision therein, (ii) any draft or other document presented under any Letter of Credit proving to be forged, fraudulent
or invalid in any respect or any statement therein being untrue or inaccurate in any respect, (iii) payment by the applicable Issuing
Bank under any Letter of Credit against presentation of a draft or other document that does not comply with the terms of such Letter of
Credit or (iv) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the
provisions of this Section, constitute a legal or equitable discharge of, or provide a right of setoff against, the obligations of the
Borrower hereunder. Neither the Administrative Agent, the Revolving Lenders nor any Issuing Bank, nor any of their respective Related
Parties shall have any liability or responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit
or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence),
or any error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating
to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical terms
or any consequence arising from causes beyond the control of such Issuing Bank; provided that the foregoing shall not be construed
to excuse such Issuing Bank from liability to the Borrower to the extent of any direct damages suffered by the Borrower that are caused
by such Issuing Bank’s failure to exercise care when determining whether drafts and other documents presented under a Letter of
Credit comply with the terms thereof. The parties hereto expressly agree that, in the absence of gross negligence, bad faith or willful
misconduct on the part of applicable Issuing Bank (as finally determined by a court of competent jurisdiction), such Issuing Bank shall
be deemed to have exercised care in each such determination. In furtherance of the foregoing and without limiting the generality thereof,
the parties agree that, with respect to any document presented which appears on its face to be in substantial compliance with the terms
of any Letter of Credit, the applicable Issuing Bank may, in its sole discretion, either accept and make payment upon such document without
responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept and make payment
upon such document if such document is not in strict compliance with the terms of such Letter of Credit.

 

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(f)           Disbursement
Procedures. The applicable Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent
a demand for payment under a Letter of Credit. Such Issuing Bank shall promptly notify the Administrative Agent and the Borrower by electronic
means upon any LC Disbursement thereunder; provided that no failure to give or delay in giving such notice shall relieve the Borrower
of its obligation to reimburse such Issuing Bank and the Revolving Lenders with respect to any such LC Disbursement.

 

(g)           Interim
Interest. If any Issuing Bank makes any LC Disbursement, unless the Borrower reimburses such LC Disbursement in full on the date such
LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement
is made to but excluding the date that the Borrower reimburses such LC Disbursement (or the date on which such LC Disbursement is reimbursed
with the proceeds of Loans, as applicable), at the rate per annum then applicable (x) in the case of any Letter of Credit denominated
in Dollars, to Initial Revolving Loans that are ABR Loans and (y) in the case of any Letter of Credit denominated in any Alternate
Currency, Initial Revolving Loans that are LIBO Rate Loans (or, to the extent of the participation in such LC Disbursement by any
Revolving Lender of another Class, the rate per annum then applicable to the Revolving Loans of such other Class); provided that
if the Borrower fails to reimburse such LC Disbursement when due pursuant to paragraph (d) of this Section, then Section 2.13(d) shall
apply. Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued
on and after the date of payment by any Revolving Lender pursuant to paragraph (d) of this Section to reimburse such
Issuing Bank shall be for the account of such Revolving Lender to the extent of such payment and shall be payable on the date on which
the Borrower is required to reimburse the applicable LC Disbursement in full (and, thereafter, on demand).

 

(h)           Replacement
or Resignation of an Issuing Bank; Designation of New Issuing Banks. Any Issuing Bank may be replaced with the consent of the Administrative
Agent (not to be unreasonably withheld or delayed) and the Borrower at any time by written agreement among the Borrower, the Administrative
Agent and the successor Issuing Bank. The Administrative Agent shall notify the Revolving Lenders of any such replacement of an Issuing
Bank. At the time any such replacement becomes effective, unless otherwise agreed by the replaced Issuing Bank, the Borrower shall pay
all unpaid fees accrued prior to such date for the account of the replaced Issuing Bank pursuant to Section 2.12(b)(ii). From
and after the effective date of any such replacement, (i) the successor Issuing Bank shall have all the rights and obligations of
the replaced Issuing Bank under this Agreement with respect to Letters of Credit to be issued thereafter and (ii) references herein
to the term “Issuing Bank” shall be deemed to refer to such successor or to any previous Issuing Bank, or to such successor
and all previous Issuing Banks, as the context shall require. After the replacement of any Issuing Bank hereunder, the replaced Issuing
Bank shall remain a party hereto and shall continue to have all the rights and obligations of an Issuing Bank under this Agreement with
respect to Letters of Credit issued by it prior to such replacement, but shall not be required to issue additional Letters of Credit.

 

(i)           The
Borrower may, at any time and from time to time with the consent of the Administrative Agent (which consent shall not be unreasonably
withheld or delayed) and the relevant Revolving Lender, designate one or more additional Revolving Lenders to act as an issuing bank under
the terms of this Agreement. Any Revolving Lender designated as an issuing bank pursuant to this paragraph (i) who agrees
in writing to such designation shall be deemed to be an “Issuing Bank” (in addition to being a Revolving Lender) in respect
of Letters of Credit issued or to be issued by such Revolving Lender in respect of its Letter of Credit Commitment (the amount of which
Letter of Credit Commitment shall be specified in the agreement pursuant to which such Revolving Lender becomes an Issuing Bank), and,
with respect to such Letters of Credit, such term shall thereafter apply to the other Issuing Bank and such Revolving Lender; provided,
that for the avoidance of doubt, it is understood and agreed that the Letter of Credit Commitments of the other Issuing Banks shall not
be reduced or otherwise be affected by the appointment of any additional Revolving Lender as an Issuing Bank pursuant to this paragraph
(ii).

 

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(ii)           Notwithstanding
anything to the contrary contained herein, each Issuing Bank may, upon 30 days’ prior written notice to the Borrower, each other
Issuing Bank and the Lenders, resign as Issuing Bank, which resignation shall be effective as of the date referenced in such notice (but
in no event less than 30 days (or such later date as the relevant Issuing Bank may agree) after the delivery of such written notice);
provided that the effectiveness of such resignation shall be conditioned on and subject to the appointment of a replacement Issuing Bank
reasonably satisfactory to the Borrower who agrees to assume the entire Letter of Credit Commitment of the resigning Issuing Bank, and
no such resignation shall become effective unless and until such replacement Issuing Bank has accepted such appointment and agreed to
provide such Letter of Credit Commitment on terms acceptable to the Borrower; provided, further, that it is understood and agreed that
in the event of any such resignation, any Letter of Credit then outstanding shall remain outstanding (irrespective of whether any amount
have been drawn at such time). In the event of any such resignation of any Issuing Bank, the Borrower shall be entitled, but shall not
be obligated, to appoint another Revolving Lender that is willing, in its sole discretion to accept such appointment in writing as successor
Issuing Bank in respect of such resigning Issuing Bank; it being understood that the resignation of any such Issuing Bank shall not be
effective in the event of a failure to appoint any such successor Issuing Bank and/or a failure of any Revolving Lender to accept such
appointment as Issuing Bank. Upon the acceptance of any appointment as Issuing Bank hereunder, the successor Issuing Bank shall thereupon
succeed to and become vested with all the rights, powers, privileges and duties of the retiring Issuing Bank, and the retiring Issuing
Bank shall be discharged from its duties and obligations in such capacity hereunder.

 

(i)            Cash
Collateralization.

 

(i)            If
any Event of Default exists and the Loans have been declared due and payable in accordance with Article 7 hereof, then on
the Business Day following the date on which the Borrower receives notice from the Administrative Agent (at the direction of the Required
Revolving Lenders) demanding the deposit of Cash collateral pursuant to this paragraph (i), the Borrower shall deposit (or shall
cause to be deposited), in an interest-bearing account with the Administrative Agent, in the name of the Administrative Agent and for
the benefit of the Revolving Lenders (the “LC Collateral Account”), an amount in Cash equal to 100% of the LC Exposure
as of such date (minus the amount then on deposit in the LC Collateral Account); provided that the obligation to deposit
such Cash collateral shall become effective immediately, and such deposit shall become immediately due and payable, without demand or
other notice of any kind, upon the occurrence of any Event of Default with respect to the Borrower described in Section 7.01(f) or
(g).

 

(ii)            Any
such deposit under clause (i) above shall be held by the Administrative Agent as collateral for the payment and performance
of the Secured Obligations in accordance with the provisions of this paragraph (i). The Administrative Agent shall have exclusive
dominion and control, including the exclusive right of withdrawal, over such account, and the Borrower hereby grants the Administrative
Agent, for the benefit of the Secured Parties, a first priority security interest in the LC Collateral Account. Interest or profits, if
any, on such investments shall accumulate in such account. Moneys in such account shall be applied by the Administrative Agent to reimburse
the applicable Issuing Bank for LC Disbursements for which it has not been reimbursed and, to the extent not so applied, shall be held
for the satisfaction of the reimbursement obligations of the Borrower for the LC Exposure at such time or, if the maturity of the Loans
has been accelerated (but subject to the consent of the Required Revolving Lenders) be applied to satisfy other Secured Obligations. If
the Borrower is required to provide an amount of Cash collateral hereunder as a result of the occurrence of an Event of Default, such
amount (together with all interest and other earnings with respect thereto, to the extent not applied as aforesaid) shall be returned
to the Borrower promptly (but in no event later than three Business Days) after such Event of Default has been cured or waived.

 

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

 

Section 2.06.          [Reserved].

 

Section 2.07.          Funding
of Borrowings.

 

(a)           Each
Lender shall make each Loan to be made by it hereunder not later than 11:00 a.m. (or 12:00 noon in the case of ABR Revolving Loans)
on the Business Day specified in the applicable Borrowing Request by wire transfer of immediately available funds to the account of the
Administrative Agent most recently designated by it for such purpose by notice to the Lenders in an amount equal to such Lender’s
respective Applicable Percentage. The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts
so received on the same Business Day, in like funds, to the account designated in the relevant Borrowing Request or as otherwise directed
by the Borrower; provided that ABR Revolving Loans (or LIBO Rate Revolving Loans in the case of any Letter of Credit denominated
in any Alternate Currency) made to finance the reimbursement of any LC Disbursement as provided in Section 2.05(e) shall
be remitted by the Administrative Agent to the applicable Issuing Bank.

 

(b)           Unless
the Administrative Agent has received notice from any Lender that such Lender will not make available to the Administrative Agent such
Lender’s share of any Borrowing prior to the proposed date of such Borrowing, the Administrative Agent may assume that such Lender
has made such share available on such date in accordance with paragraph (a) of this Section and may, in reliance upon
such assumption, make available to the Borrower a corresponding amount. In such event, if any Lender has not in fact made its share of
the applicable Borrowing available to the Administrative Agent, then the applicable Lender and the Borrower severally agree to pay to
the Administrative Agent forthwith on demand (without duplication) such corresponding amount with interest thereon, for each day from
and including the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative Agent,
at (i) in the case of such Lender, the greater of the Federal Funds Effective Rate (or, with respect to any amount denominated in
any Alternate Currency, the rate of interest per annum at which overnight deposits in the applicable Alternate Currency, on an amount
approximately equal to the amount with respect to which such rate is being determined, would be offered for such day by the Administrative
Agent in the applicable offshore interbank market for such currency) and a rate determined by the Administrative Agent in accordance with
banking industry rules on interbank compensation or (ii) in the case of the Borrower, the interest rate applicable to Loans
comprising such Borrowing at such time. If such Lender pays such amount to the Administrative Agent, then such amount shall constitute
such Lender’s Loan included in such Borrowing and the obligation of the Borrower to repay the Administrative Agent such corresponding
amount pursuant to this Section 2.07(b) shall cease. If the Borrower pays such amount to the Administrative Agent, the
amount so paid shall constitute a repayment of such Borrowing by such amount. Nothing herein shall be deemed to relieve any Lender from
its obligation to fulfill its Commitment or to prejudice any rights which the Administrative Agent or the Borrower or any other Loan Party
may have against any Lender as a result of any default by such Lender hereunder.

 

Section 2.08.          Type;
Interest Elections.

 

(a)           Each
Borrowing shall initially be of the Type specified in the applicable Borrowing Request and, in the case of any LIBO Rate Borrowing, shall
have an initial Interest Period as specified in such Borrowing Request. Thereafter, the Borrower may elect to convert any Borrowing denominated
in Dollars to a Borrowing of a different Type or to continue such Borrowing and, in the case of a LIBO Rate Borrowing, may elect Interest
Periods therefor, all as provided in this Section. The Borrower may elect different options with respect to different portions of the
affected Borrowing, in which case each such portion shall be allocated ratably among the Lenders based upon their Applicable Percentages
and the Loans comprising each such portion shall be considered a separate Borrowing.

 

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(b)           To
make an election pursuant to this Section, the Borrower shall deliver an Interest Election Request, appropriately completed and signed
by a Responsible Officer of the Borrower, to the Administrative Agent in accordance with Section 2.03. If any such Interest
Election Request requests a LIBO Rate Borrowing but does not specify an Interest Period, then the Borrower shall be deemed to have selected
an Interest Period of one month’s duration.

 

(c)           Promptly
following receipt of an Interest Election Request, the Administrative Agent shall advise each applicable Lender of the details thereof
and of such Lender’s portion of each resulting Borrowing.

 

(d)           If
the Borrower fails to deliver (or cause to be delivered) a timely Interest Election Request with respect to a LIBO Rate Borrowing prior
to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, such Borrowing shall be
converted at the end of such Interest Period to an ABR Borrowing.

 

(e)            It
is understood and agreed that only a Borrowing denominated in Dollars may be made in the form of, or converted into, an ABR Loan.

 

Section 2.09.         Termination
and Reduction of Commitments.

 

(a)           Unless
previously terminated, (i) the Initial Term Loan Commitments on the Closing Date shall automatically terminate upon the making of
the Initial Term Loans on the Closing Date, (ii) the Initial Revolving Credit Commitments shall automatically terminate on the Initial
Revolving Credit Maturity Date, (iii) the Additional Term Loan Commitments of any Class shall automatically terminate upon the
making of the Additional Term Loans of such Class and, if any such Additional Term Loan Commitment is not drawn on the date that
such Additional Term Loan Commitment is required to be drawn pursuant to the applicable Refinancing Amendment, Extension Amendment or
Incremental Facility Amendment, the undrawn amount thereof shall automatically terminate and (iv) the Additional Revolving Credit
Commitments of any Class shall automatically terminate on the Maturity Date specified therefor in the applicable Refinancing Amendment,
Extension Amendment or Incremental Facility Amendment, as applicable.

 

(b)           Upon
delivery of the notice required by Section 2.09(c), the Borrower may at any time terminate or from time to time reduce the
Revolving Credit Commitments of any Class; provided that (i) each reduction of the Revolving Credit Commitments of any Class shall
be in an amount that is an integral multiple of $1,000,000 and not less than $1,000,000 and (ii) the Borrower shall not terminate
or reduce the Revolving Credit Commitments of any Class if, after giving effect to any concurrent prepayment of Revolving Loans and/or
the provision of Letter of Credit Support with respect to any outstanding Letter of Credit, the aggregate amount of the Revolving Credit
Exposure attributable to the Revolving Credit Commitments of such Class would exceed the aggregate amount of the Revolving Credit
Commitments of such Class; provided that, after the establishment of any Class of Additional Revolving Credit Commitments,
any such termination or reduction of the Revolving Credit Commitments of any Class shall be subject to the provisions set forth in
Section 2.22, 2.23 and/or 9.02, as applicable.

 

(c)           The
Borrower shall notify the Administrative Agent of any election to terminate or reduce any Revolving Credit Commitment under paragraph
(b) of this Section in writing at least three Business Days prior to the effective date of such termination or reduction
(or such later date to which the Administrative Agent may agree), specifying such election and the effective date thereof. Promptly following
receipt of any notice, the Administrative Agent shall advise the Revolving Lenders of each applicable Class of the contents thereof.
Each notice delivered by the Borrower pursuant to this Section shall be irrevocable; provided that any such notice may state
that it is conditioned upon the effectiveness of other transactions, in which case such notice may be revoked by the Borrower (by written
notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied. Any termination or
reduction of any Revolving Credit Commitment pursuant to this Section 2.09 shall be permanent. Upon any reduction of any Revolving
Credit Commitment, the Revolving Credit Commitment of each Revolving Lender of the relevant Class shall be reduced by such Revolving
Lender’s Applicable Percentage of the amount of such reduction.

 

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Section 2.10.     Repayment
of Loans; Evidence of Debt.

 

(a)           (i) The
Borrower hereby unconditionally promises to repay the outstanding principal amount of the Initial Term Loans to the Administrative Agent
for the account of each Term Lender (A) on the last day of each March, June, September and December (commencing December 31,
2021) prior to the Initial Term Loan Maturity Date (each such date being referred to as a “Loan Installment Date”),
in each case, in an amount equal to 0.25% of the original principal amount of the Initial Term Loans outstanding on the Closing Date (as
such payments may be reduced from time to time as a result of the application of prepayments in accordance with Section 2.11
and repurchases and assignments in accordance with Section 9.05(g) or increased in connection with the incurrence of
Incremental Term Loans), and (B) on the Initial Term Loan Maturity Date, in an amount equal to the remainder of the principal amount
of such Initial Term Loans outstanding on such date, together, in each case, with accrued and unpaid interest on the principal amount
to be paid to but excluding the date of such payment.

 

(ii)           The
Borrower shall repay the Additional Term Loans of any Class in such scheduled amortization installments and on such date or dates
as shall be specified therefor in the applicable Refinancing Amendment, Incremental Facility Amendment or Extension Amendment (as
such payments may be reduced from time to time as a result of the application of prepayments in accordance with Section 2.11
or repurchases in accordance with Section 9.05(g) or increased as a result of any increase in the amount of such Additional
Term Loans of such Class pursuant to Section 2.22(a)).

 

(b)           (i) The
Borrower hereby unconditionally promises to pay in Dollars or the relevant Alternate Currency (A) to the Administrative Agent for
the account of each Initial Revolving Lender, the then-unpaid principal amount of the Initial Revolving Loans of such Lender on the Initial
Revolving Credit Maturity Date, and (B) to the Administrative Agent for the account of each Additional Revolving Lender, the then-unpaid
principal amount of each Additional Revolving Loan of such Additional Revolving Lender on the Maturity Date applicable thereto.

 

(ii)           On
the Maturity Date applicable to the Revolving Credit Commitments of any Class, the Borrower shall (A) cancel and return outstanding
Letters of Credit (or alternatively, with respect to any outstanding Letter of Credit, provide Letter of Credit Support with respect thereto),
in each case to the extent necessary so that, after giving effect thereto, the aggregate amount of the Revolving Credit Exposure attributable
to the Revolving Credit Commitments of any other Class does not exceed the Revolving Credit Commitments of such other Class then
in effect and (B) make payment in full of all accrued and unpaid fees and all reimbursable expenses and other Obligations with respect
to the Revolving Facility of the applicable Class then due, together with accrued and unpaid interest (if any) thereon.

 

(c)           Each
Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness of the Borrower to such
Lender resulting from each Loan made by such Lender, including the amounts of principal and interest payable and paid to such Lender from
time to time hereunder.

 

(d)           The
Administrative Agent shall maintain accounts in which it shall record (i) the amount of each Loan made hereunder, the Class, Type
and currency thereof and the Interest Period (if any) applicable thereto, (ii) the amount of any principal or interest due and payable
or to become due and payable from the Borrower to each Lender hereunder and (iii) the amount of any sum received by the Administrative
Agent hereunder for the account of the Lenders or the Issuing Banks and each Lender’s or Issuing Bank’s share thereof.

 

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(e)           The
entries made in the accounts maintained pursuant to paragraphs (c) or (d) of this Section shall be prima
facie evidence of the existence and amounts of the obligations recorded therein (absent manifest error); provided that (i) the
failure of any Lender or the Administrative Agent to maintain such accounts or any manifest error therein shall not in any manner affect
the obligation of the Borrower to repay the Loans in accordance with the terms of this Agreement, (ii) in the event of any inconsistency
between the accounts maintained by the Administrative Agent pursuant to paragraph (d) of this Section and any Lender’s
records, the accounts of the Administrative Agent shall govern and (iii) in the event of any inconsistency between the Register and
any other accounts maintained by the Administrative Agent, the Register shall govern absent manifest error.

 

(f)            Any
Lender may request that any Loan made by it be evidenced by a Promissory Note. In such event, the Borrower shall prepare, execute and
deliver a Promissory Note to such Lender payable to such Lender and its registered permitted assigns; it being understood and agreed that
such Lender (and/or its applicable permitted assign) shall be required to return such Promissory Note to the Borrower in accordance with
Section 9.05(b)(iii) and upon the occurrence of the Termination Date (or as promptly thereafter as practicable). If any
Lender loses the original copy of its Promissory Note, it shall execute an affidavit of loss containing an indemnification provision that
is reasonably satisfactory to the Borrower. The obligation of each Lender to execute and deliver an affidavit of loss containing an indemnification
provision that is reasonably satisfactory to the Borrower shall survive the Termination Date.

 

Section 2.11.     Prepayment
of Loans.

 

(a)           Optional
Prepayments.

 

(i)            Upon
prior notice in accordance with paragraph (a)(iii) of this Section, the Borrower shall have the right at any time and from
time to time to prepay any Borrowing of Term Loans of one or more Classes (such Class or Classes to be selected by the Borrower in
its sole discretion) in whole or in part without premium or penalty (but subject (A) in the case of Borrowings of Initial Term Loans
only, to Section 2.12(f) and (B) if applicable, to Section 2.16). Each such prepayment shall be paid
to the Lenders in accordance with their respective Applicable Percentages of the relevant Class.

 

(ii)           Upon
prior notice in accordance with paragraph (a)(iii) of this Section, the Borrower shall have the right at any time and from
time to time to prepay any Borrowing of Revolving Loans of any Class, in whole or in part without premium or penalty (but subject to Section 2.16);
provided that after the establishment of any Class of Additional Revolving Loans, any such prepayment of any Borrowing of
Revolving Loans of any Class shall be subject to the provisions set forth in Section 2.22, 2.23 and/or 9.02,
as applicable. Each such prepayment shall be paid to the Revolving Lenders in accordance with their respective Applicable Percentages
of the relevant Class.

 

(iii)          The
Borrower shall notify the Administrative Agent in writing of any prepayment under this Section 2.11(a) (i) in the
case of any prepayment of a LIBO Rate Borrowing, not later than 1:00 p.m. three Business Days before the date of prepayment or (ii) in
the case of any prepayment of an ABR Borrowing, not later than 11:00 a.m., on the date of prepayment. Each such notice shall be irrevocable
(except as set forth in the proviso to this sentence) and shall specify the prepayment date and the principal amount of each Borrowing
or portion or each relevant Class to be prepaid; provided that any notice of prepayment delivered by the Borrower may be conditioned
upon the effectiveness of other transactions, in which case such notice may be revoked by the Borrower (by notice to the Administrative
Agent on or prior to the specified effective date) if such condition is not satisfied. Promptly following receipt of any such notice relating
to any Borrowing, the Administrative Agent shall advise the applicable Lenders of the contents thereof. Each partial prepayment of any
Borrowing shall be in an amount at least equal to the amount that would be permitted in the case of a Borrowing of the same Type and Class as
provided in Section 2.02(c), or such lesser amount that is then outstanding with respect to such Borrowing being repaid (and
in increments of $100,000 in excess thereof or such lesser incremental amount that is then outstanding with respect to such Borrowing
being repaid). Each prepayment of Term Loans shall be applied to the Class or Classes of Term Loans specified in the applicable prepayment
notice, and each prepayment of Term Loans of such Class or Classes made pursuant to this Section 2.11(a) shall be
applied against the remaining scheduled installments of principal due in respect of the Term Loans of such Class or Classes in the
manner specified by the Borrower or, in the absence of any such specification on or prior to the date of the relevant optional prepayment,
in direct order of maturity.

 

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(b)           Mandatory
Prepayments.

 

(i)            No
later than the fifth Business Day after the date on which the financial statements with respect to each Fiscal Year of the Borrower are
required to be delivered pursuant to Section 5.01(b), commencing with the first full Fiscal Year ending after the Closing
Date, the Borrower shall prepay the outstanding principal amount of Initial Term Loans and Additional Term Loans then subject to ratable
prepayment requirements (the “Subject Loans”) in accordance with clause (vi) of this Section 2.11(b) in
an aggregate amount (the “ECF Prepayment Amount”) equal to (x) the Required Excess Cash Flow Percentage of Excess
Cash Flow of the Borrower and its Restricted Subsidiaries for the Excess Cash Flow Period then ended, minus (y) at the option
of the Borrower:

 

(A)          (1) the
aggregate principal amount of any optional prepayment, repurchase, redemption or other retirement of any First Lien Debt (and in the case
of any such First Lien Debt constituting revolving indebtedness, to the extent accompanied by a permanent reduction in the applicable
revolving commitments) prior to the date that the applicable prepayment is due and (2) the aggregate principal amount of any optional
prepayment, repurchase, redemption or other retirement of any Junior Lien Debt (and in the case of any such Junior Lien Debt constituting
revolving indebtedness, to the extent accompanied by a permanent reduction in the applicable revolving commitments) prior to the date
that the applicable prepayment is due, in each case of the foregoing clauses (1) and (2), excluding any such optional
prepayment, repurchase, redemption or other retirement made prior to the date on which such prepayment is due that reduced the amount
required to be prepaid pursuant to this Section 2.11(b)(i) with respect to any prior Excess Cash Flow Period,

 

(B)           the
amount of any reduction in the outstanding principal amount of any Term Loan, any other First Lien Debt and/or any Junior Lien Debt resulting
from any assignment to (and/or purchase by) the Borrower or any Restricted Subsidiary of any such Indebtedness (and in the case of any
such Indebtedness constituting revolving indebtedness, to the extent accompanied by a permanent reduction in the applicable revolving
commitment) prior to the date that the applicable prepayment is due, in each case, to the extent of the amount paid in Cash by the Borrower
or the applicable Restricted Subsidiary in connection with the relevant assignment and/or purchase, excluding any such assignment and/or
purchase made prior to the date that the applicable prepayment is due that reduced the amount required to be prepaid pursuant to this
Section 2.11(b)(i) with respect to any prior Excess Cash Flow Period; and

 

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(C)           the
amount of any Capital Expenditure, Investment, Restricted Payment Restricted Debt Payment, payment in respect of any tax liability,
make-whole in connection with Indebtedness and/or rental, interest or other payments made or to be made in respect of any lease, concession
or license of property (including any Capital Lease, financing lease and/or operating lease) (1) made during such Fiscal Year or
after such Fiscal Year but prior to the date that the applicable prepayment is due, (2) contractually committed during such Fiscal
Year (or after such Fiscal Year but prior to the date that the applicable prepayment is due) to be made during the immediately succeeding
Fiscal Year or (3) in the case of Capital Expenditures, budgeted to be made during the Fiscal Year immediately succeeding such Excess
Cash Flow Period, in each case, excluding any such amount that (x) is actually applied during such Fiscal Year and (y) reduced
the amount required to be prepaid pursuant to this Section 2.11(b)(i) with respect to any prior Excess Cash Flow Period;
provided, that (I) in the case of clauses (C)(2) and (C)(3), to the extent the aggregate amount actually
utilized to finance such committed or budgeted amount during the immediately succeeding Fiscal Year is less that the contractually committed
or budgeted amount deducted therefor pursuant to clauses (C)(2) or (C)(3), as applicable, the amount of the resulting
shortfall shall be added to the calculation of Excess Cash Flow for the next succeeding Excess Cash Flow Period and (II) clauses
(A), (B) and (C) above shall not apply to the extent the relevant amount was financed with the proceeds of
long-term funded Indebtedness (other than revolving Indebtedness);

 

(I)            no
prepayment under this Section 2.11(b)(i) shall be required unless the amount thereof exceeds the greater of $10,000,000
and 5% of Consolidated Adjusted EBITDA (the “De Minimis ECF Threshold”) as of the last day of the most recently ended
Test Period; it being understood that (x) only the amount in excess of the De Minimis ECF Threshold shall be required to be applied
to make a prepayment in accordance with this Section 2.11(b)(i) and (y) if the amount of any required prepayment
pursuant to this Section 2.11(b)(i) (without giving effect to the De Minimis ECF Threshold) for any Excess Cash Flow
Period is less than the De Minimis ECF Threshold for such Excess Cash Flow Period, an amount equal to (X) the De Minimis ECF Threshold
for such Excess Cash Flow Period minus (Y) the amount of the required prepayment (without giving effect to the De Minimis
ECF Threshold) pursuant to this Section 2.11(b)(i) for such Excess Cash Flow Period shall be applied to increase the
De Minimis ECF Threshold in succeeding Excess Cash Flow Periods;

 

(II)           if
at the time that any such prepayment would be required, the Borrower (or any Restricted Subsidiary of the Borrower) is also required to
prepay any First Lien Debt of the type described in clause (b) of the definition thereof (such Indebtedness required to be
so prepaid or offered to be so repurchased, “Other Applicable Indebtedness”) with any portion of the ECF Prepayment
Amount, then the Borrower may apply (or cause to be applied) such portion of the ECF Prepayment Amount on a pro rata basis (determined
on the basis of the aggregate outstanding principal amount of the Subject Loans and Other Applicable Indebtedness (or accreted amount
if such Other Applicable Indebtedness is issued with original issue discount) at such time); provided, that (X) the portion
of such ECF Prepayment Amount allocated to the Other Applicable Indebtedness shall not exceed the portion of such ECF Prepayment Amount
that is required to be allocated to the Other Applicable Indebtedness pursuant to the terms thereof, and the remaining amount, if any,
of such ECF Prepayment Amount shall be allocated to the Subject Loans in accordance with the terms hereof) to the prepayment of the Subject
Loans and to the prepayment of Other Applicable Indebtedness, and the amount of the prepayment of the Subject Loans that would have otherwise
been required pursuant to this Section 2.11(b)(i) shall be reduced accordingly and (Y) to the extent the holders
of Other Applicable Indebtedness decline to have such Indebtedness prepaid, the declined amount shall promptly (and in any event within
10 Business Days after the date of such rejection) be applied to prepay the Subject Loans and any relevant Other Applicable Indebtedness
with a corresponding requirement on a pro rata basis (determined in a manner consistent with that set forth in the first proviso of this
clause (II)) in accordance with the terms hereof; it being understood and agreed that if any Term Lender or holder of such Other
Applicable Indebtedness declines any prepayment contemplated by this clause (Y), the Borrower shall not be required to subsequently
offer the amount of the relevant declined prepayment to any Term Lender or any holder of Other Applicable Indebtedness; and

 

(III)         to
the extent the ECF Prepayment Amount for any Excess Cash Flow Period, after giving effect to all deductions and credits (including any
deduction of the types described in clauses (A) through (C) above) applicable thereto, is a negative amount, such
negative amount may be carried forward to reduce the required ECF Prepayment Amount with respect to any future Excess Cash Flow Period
selected by the Borrower in its sole discretion.

 

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(ii)           No
later than the fifth Business Day following the receipt of Net Proceeds in respect of any Prepayment Asset Sale or Net Insurance/Condemnation
Proceeds, in each case, in excess of the greater of $30,000,000 and 20% of Consolidated Adjusted EBITDA as of the last day of the most
recently ended Test Period (the “De Minimis Proceeds Threshold”) in any Fiscal Year (any such Net Proceeds and/or Net
Insurance/Condemnation Proceeds received in an amount in any Fiscal Year not in excess of the De Minimis Proceeds Threshold, “De
Minimis Proceeds”), the Borrower shall apply (or cause to be applied) an amount equal to the Required Net Proceeds Percentage
of the Net Proceeds or Net Insurance/Condemnation Proceeds received with respect thereto in excess of the De Minimis Proceeds Threshold
(collectively, the “Subject Proceeds”) to prepay the outstanding principal amount of, and accrued interest on, the
Subject Loans in accordance with clause (vi) below; provided, that

 

(A)          it
is understood that (1) only the amount in excess of the De Minimis Proceeds Threshold shall be required to be applied to make a prepayment
in accordance with this Section 2.11(b)(ii) and (2) if the amount of any prepayment that would have been required
pursuant to this Section 2.11(b)(ii) (without giving effect to the De Minimis Proceeds Threshold) for any Fiscal Year
is less than the De Minimis Proceeds Threshold for such Fiscal Year, an amount equal to (x) the De Minimis Proceeds Threshold for
such Fiscal Year minus (y) the amount of the prepayment that would have been required but for the De Minimis Proceeds Threshold
pursuant to this Section 2.11(b)(ii) for such Fiscal Year shall be applied to increase the De Minimis Proceeds Threshold
in succeeding Fiscal Years;

 

(B)          other
than with respect to the Net Proceeds of any Disposition consummated in reliance on Section 6.07(h)(i)(II), if prior to the
date on which any such prepayment is required to be made, the Borrower notifies the Administrative Agent of its intention to reinvest
the applicable Subject Proceeds in the business of the Borrower and/or any subsidiary (other than an investment in Cash or Cash Equivalents),
then the Borrower shall not be required to make a mandatory prepayment under this clause (ii) in respect of the applicable
Subject Proceeds to the extent (1) the applicable Subject Proceeds are so reinvested within 18 months following receipt thereof,
or (2) the Borrower or any subsidiary has committed to so reinvest the applicable Subject Proceeds during such 18 month period and
the applicable Subject Proceeds are so reinvested within six months after the expiration of such 18 month period or (3) the Borrower
or any subsidiary has committed to so reinvest the applicable Subject Proceeds during such 18 month period and such commitment is terminated
and a new commitment is made within the six months after the expiration of such 18 month period and the application Proceeds are so reinvested
within three months after the expiration of such 24 month period; it being understood that (x) if the applicable Subject Proceeds
have not been so reinvested prior to the expiration of the applicable period, the Borrower shall promptly prepay the Subject Loans with
the amount of applicable Subject Proceeds not so reinvested as set forth above (without regard to the immediately preceding proviso) and
(y) any Investment by the Borrower or its applicable subsidiaries (up to an amount equal to the amount of the applicable Subject
Proceeds) after the earlier to occur of (i) the date on which the definitive agreement for the applicable Disposition was executed
and (ii) the date on which the Borrower delivers notice to the Administrative Agent of a pending Disposition (but prior to the date
on which the Borrower and/or any subsidiary receives the Net Proceeds in respect of any Prepayment Asset Sale or Net Insurance Condemnation
Proceeds) may, at the election of the Borrower, be deemed to constitute a reinvestment of the applicable Subject Proceeds in compliance
with, and in satisfaction of the obligations under, this clause (B)); and

 

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(C)           if,
at the time that any such prepayment would be required hereunder, the Borrower or any of its Restricted Subsidiaries is required to repay
or repurchase any Other Applicable Indebtedness (or offer to repurchase such Other Applicable Indebtedness), then the relevant Person
may apply the Subject Proceeds on a pro rata basis to the prepayment of the Subject Loans and to the repurchase or repayment of the Other
Applicable Indebtedness (determined on the basis of the aggregate outstanding principal amount of the Subject Loans and the Other Applicable
Indebtedness (or accreted amount if such Other Applicable Indebtedness is issued with original issue discount) at such time); it being
understood that (1) the portion of the Subject Proceeds allocated to the Other Applicable Indebtedness shall not exceed the amount
of the Subject Proceeds that is required to be allocated to the Other Applicable Indebtedness pursuant to the terms thereof, (and the
remaining amount, if any, of the Subject Proceeds shall be allocated to the Subject Loans in accordance with the terms hereof), and the
amount of the prepayment of the Subject Loans that would have otherwise been required pursuant to this Section 2.11(b)(ii) shall
be reduced accordingly and (2) to the extent the holders of the Other Applicable Indebtedness decline to have such Indebtedness prepaid
or repurchased, the declined amount shall promptly (and in any event within 10 Business Days after the date of such rejection) be applied
to prepay the Subject Loans in accordance with the terms hereof and any other relevant Other Applicable Indebtedness with a corresponding
requirement on a pro rata basis (determined in a manner consistent with that set forth in this clause (C); it being understood
and agreed that if any Term Lender or holder of such Other Applicable Indebtedness declines any prepayment contemplated by clause (2) above,
the Borrower shall not be required to subsequently offer the amount of the relevant declined prepayment to any Term Lender or any holder
of Other Applicable Indebtedness.

 

(iii)          In
the event that the Borrower or any of its Restricted Subsidiaries receives Net Proceeds from the issuance or incurrence of Indebtedness
by the Borrower or any of its Restricted Subsidiaries (other than Indebtedness that is permitted to be incurred under Section 6.01,
except to the extent the relevant Indebtedness constitutes (A) Refinancing Indebtedness (including Replacement Debt) incurred to
refinance all or a portion of any Class of Term Loans pursuant to Section 6.01(p), (B) Incremental Loans incurred
in reliance on clause (b) of the definition of “Incremental Cap” to refinance all or a portion of any Class of
Term Loans pursuant to Section 2.22, (C) Replacement Term Loans incurred to refinance all or any portion of any Class of
Term Loans in accordance with the requirements of Section 9.02(c) and/or (D) Incremental Equivalent Debt incurred
in reliance on clause (b) of the definition of “Incremental Cap”, to refinance all or a portion of the Loans in
accordance with the requirements of the definition thereof, in each case to the extent required by the terms thereof to prepay or offer
to prepay such Indebtedness), the Borrower shall, promptly upon (and in any event not later than two Business Days thereafter) the receipt
of such Net Proceeds by the Borrower or its applicable Restricted Subsidiary, apply (or cause to be applied) an amount equal to 100% of
such Net Proceeds to prepay the outstanding principal amount of the relevant Class or Classes of Term Loans in accordance with clause (vi) below.

 

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(iv)          Notwithstanding
anything in this Section 2.11(b) to the contrary:

 

(A)          the
Borrower shall not be required to prepay (or cause to be prepaid) any amount that would otherwise be required to be paid pursuant to Sections
2.11(b)(i) or (ii) above to the extent that the relevant Excess Cash Flow is generated by any Foreign Subsidiary
or any Domestic Subsidiary of any Foreign Subsidiary (any such Person, a “Specified Subsidiary”), the relevant Prepayment
Asset Sale is consummated by any Specified Subsidiary or the relevant Net Insurance/Condemnation Proceeds are received by any Specified
Subsidiary, as the case may be, for so long as the repatriation and/or other transfer to the Borrower of any such amount would be, in
the good faith determination of the Borrower, prohibited, restricted or delayed under any Requirement of Law (including for the avoidance
of doubt, any Requirement of Law relating to financial assistance, corporate benefit, thin capitalization, capital maintenance and similar
legal principles, restrictions on “upstreaming” and/or “cross-streaming” of Cash intra-group and Requirements
of Law relating to the fiduciary and/or statutory duties of the directors (or equivalent Persons) of the Borrower and/or any of its Restricted
Subsidiaries) or would conflict with the fiduciary and/or statutory duties of such Specified Subsidiary’s directors (or equivalent
Persons), or result in, or could reasonably be expected to result in, a material risk of personal or criminal liability for any officer,
director, employee, manager, member of management or consultant of such Specified Subsidiary (it being agreed that, if the repatriation
and/or other transfer of the relevant affected Excess Cash Flow or Subject Proceeds, as the case may be, is permitted under the applicable
Requirement of Law and, to the extent applicable, would no longer conflict with the fiduciary and/or statutory duties of such director,
or result in, or be reasonably expected to result in, a material risk of personal or criminal liability for the Persons described above,
in either case, within 365 days following the end of the applicable Excess Cash Flow Period or the event giving rise to the relevant Subject
Proceeds, the relevant Specified Subsidiary will promptly repatriate and/or transfer the relevant Excess Cash Flow or Subject Proceeds,
as the case may be, and the repatriated or transferred Excess Cash Flow or Subject Proceeds, as the case may be, will be promptly (and
in any event not later than five Business Days after such repatriation) applied (net of additional Taxes payable or reserved against such
Excess Cash Flow as a result thereof) to the repayment of the Term Loans pursuant to this Section 2.11(b) to the extent
required herein (without regard to this clause (iv)));

 

(B)          the
Borrower shall not be required to prepay (or cause to be prepaid) any amount that would otherwise be required to be paid pursuant to Sections
2.11(b)(i) or (ii) to the extent that the relevant Excess Cash Flow is generated by any joint venture or the relevant
Subject Proceeds are received by any joint venture, in each case, for so long as the distribution and/or other transfer to the Borrower
of such Excess Cash Flow or Subject Proceeds would, in the good faith determination of the Borrower, be prohibited under the Organizational
Documents (or any relevant shareholders’ or similar agreement) governing such joint venture;

 

(C)          the
Borrower shall not be required to prepay any amount that would otherwise be required to be paid pursuant to Sections 2.11(b)(i) or
(ii) to the extent that the relevant Excess Cash Flow is generated by any Foreign Subsidiary that is not a Loan Party or the
relevant Subject Proceeds are received by any Foreign Subsidiary that is not a Loan Party, in each case, for so long as the Borrower determines
in good faith that the distribution to the Borrower of such Excess Cash Flow or Subject Proceeds would be prohibited under an agreement
permitted pursuant to Section 6.05 by which such Foreign Subsidiary is bound governing any Indebtedness; and

 

(D)          if
the Borrower determines in good faith that the repatriation (or other intercompany distribution or transfer) to the Borrower, directly
or indirectly, from a Specified Subsidiary as a distribution or dividend (or other intercompany transfer) of any amount required to mandatorily
prepay the Term Loans pursuant to Sections 2.11(b)(i) or (ii) above would reasonably be expected to result in
a material and adverse Tax liability (including any withholding Tax) being incurred by Holdings, the Borrower and/or any Restricted Subsidiary
as determined by the Borrower in good faith (such amount, a “Restricted Amount”), the amount that the Borrower shall
be required to mandatorily prepay pursuant to Sections 2.11(b)(i) or (ii) above, as applicable, shall be reduced
by the Restricted Amount; provided that to the extent that the repatriation (or other intercompany distribution or transfer) of
the relevant Subject Proceeds or Excess Cash Flow, directly or indirectly, from the relevant Specified Subsidiary would no longer be reasonably
expected to have a material and adverse Tax liability within the 365-day period following the event giving rise to the relevant Subject
Proceeds or the end of the applicable Excess Cash Flow Period, as the case may be, an amount equal to the Subject Proceeds or Excess Cash
Flow, as applicable and to the extent available, not previously applied pursuant to this clause (D), shall be promptly applied
to the repayment of the Term Loans pursuant to Section 2.11(b) as otherwise required above;

 

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(v)          Any
Term Lender may elect, by notice to the Administrative Agent at or prior to the time and in the manner specified by the Administrative
Agent, prior to any prepayment of Term Loans required to be made by the Borrower pursuant to this Section 2.11(b), to decline
all (but not a portion) of its Applicable Percentage of such prepayment (such declined amounts, the “Declined Proceeds”)
in which case such Declined Proceeds shall first be applied to any mandatory prepayment required under the terms of the documentation
governing any Second Lien Facility; provided that (A) in the event that any lender under the relevant Second Lien Facility
elects to decline (or otherwise waives) receipt of such Declined Proceeds the remaining amount thereof may be retained by the Borrower
and (B) for the avoidance of doubt, no Lender may reject any prepayment made under Section 2.11(b)(iii) above to
the extent that such prepayment is made with the Net Proceeds of (1) Refinancing Indebtedness (including Replacement Debt) incurred
to refinance all or a portion of the Term Loans pursuant to Section 6.01(p), (2) Incremental Loans incurred to refinance
all or a portion of the Term Loans pursuant to Section 2.22, (3) Replacement Term Loans incurred to refinance all or
any portion of the Term Loans in accordance with the requirements of Section 9.02(c) and/or (4) Incremental Equivalent
Debt incurred to refinance all or a portion of the Loans in accordance with the requirements of the definition thereof. If any Lender
fails to deliver a written notice to the Administrative Agent of its election to decline receipt of its Applicable Percentage of any mandatory
prepayment within the time frame specified by the Administrative Agent, such failure will be deemed to constitute an acceptance of such
Lender’s Applicable Percentage of the total amount of such mandatory prepayment of Term Loans.

 

(vi)          Except
as otherwise contemplated by this Agreement or provided in, or intended with respect to, any Refinancing Amendment, any Incremental Facility
Amendment, any Extension Amendment or any Replacement Debt (provided, that such Refinancing Amendment, Incremental Facility
Amendment or Extension Amendment may not provide that the applicable Class of Term Loans receive a greater than pro rata portion
of any prepayment of Term Loans pursuant to Section 2.11(b) than would otherwise be permitted by this Agreement, it being
understood that any such Incremental Amendment may provide for a greater than pro rata payment of the Incremental Term Loans established
thereby with the proceeds of any Disposition in respect of any asset, business or Person the acquisition of which was financed, all or
in part, with such Incremental Term Loan and the Disposition of which was contemplated in the definitive documentation in respect of such
acquisition), in each case effectuated or issued in a manner consistent with this Agreement, each prepayment of Term Loans pursuant to
Section 2.11(b) shall be allocated to prepay any Class of Term Loans as directed by the Borrower or, in the absence
of such direction, ratably to each Class of Term Loans then outstanding that is pari passu with the Initial Term Loans in
right of payment and with respect to security (provided that any prepayment of Term Loans with the Net Proceeds of any Incremental
Term Facility incurred in reliance on clause (b) of the definition of “Incremental Cap” to extend the Maturity
Date of all or any portion of any Class of Term Loans pursuant to Section 2.22, Incremental Equivalent Debt incurred
in reliance on clause (b) of the definition of “Incremental Cap” to extend the Maturity Date of all or any portion
of any Class of Term Loans and/or any Replacement Term Loan shall be applied to the applicable Class of Term Loans being extended,
refinanced or replaced, as applicable). With respect to each relevant Class of Term Loans, any accepted prepayment under this Section 2.11(b) shall
be applied against the remaining scheduled installments of principal due in respect of such Class of Term Loans as directed by the
Borrower (or, in the absence of direction from the Borrower, to the remaining scheduled amortization payments in respect of the Term Loans
of such Class in direct order of maturity), and each such prepayment shall be paid to the Term Lenders in accordance with their respective
Applicable Percentage of the applicable Class. If no Lender exercises the right to decline a prepayment of the Term Loans pursuant to
Section 2.11(b)(v), the amount of such mandatory prepayment shall be applied first to the then outstanding Term Loans of the
relevant Class that are ABR Loans to the full extent thereof and then to the then outstanding Term Loans of such Class that
are LIBO Rate Loans in a manner that minimizes the amount of any payment required to be made by the Borrower pursuant to Section 2.16.

 

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(vii)         (A) In
the event that on any Revaluation Date (after giving effect to the determination of the Outstanding Amount of each Revolving Loan and/or
LC Obligation) the aggregate Revolving Credit Exposure of any Class exceeds an amount equal to 105% of the Total Revolving Credit
Commitment of such Class then in effect, the Borrower shall, within five Business Days of receipt of notice from the Administrative
Agent, prepay the Revolving Loans and/or reduce LC Exposure (in each case, taking the Dollar Equivalent of any amount denominated in an
Alternate Currency), in an aggregate amount sufficient to reduce such aggregate Revolving Credit Exposure as of the date of such payment
to an amount not to exceed 100% of the Revolving Credit Commitment of such Class then in effect by taking any of the following actions
as it shall determine at its sole discretion: (I) prepayment of Revolving Loans in accordance with Section 2.11(a)(ii) and/or
(II) with respect to any excess LC Exposure, provide Letter of Credit Support with respect thereto.

 

(B)          Each
prepayment of any Revolving Loan Borrowing under this Section 2.11(b)(vii) shall be paid to the Revolving Lenders in
accordance with their respective Applicable Percentages of the applicable Class.

 

(viii)        Prepayments
made under this Section 2.11(b) shall be (A) accompanied by accrued interest as required by Section 2.13
(which may, at the election of the Borrower, be netted in the calculation of the applicable prepayment amount (and in the event such election
is made, the amount of the applicable prepayment of principal and the amount of such accrued interest shall be determined by the Borrower
in good faith in consultation with the Administrative Agent)), (B) subject to Section 2.16 and (C) in the case of
prepayments of Initial Term Loans under clause (iii) above as part of a Repricing Transaction, subject to Section 2.12(f),
but shall otherwise be without premium or penalty.

 

Section 2.12.         Fees.

 

(a)           The
Borrower agrees to pay to the Administrative Agent for the account of each Revolving Lender of any Class (other than any Defaulting
Lender) a commitment fee, which shall accrue at a rate equal to the Commitment Fee Rate per annum applicable to the Revolving Credit Commitments
of such Class on the average daily amount of the unused Revolving Credit Commitment of such Class of such Revolving Lender during
the period from and including the Closing Date to the date on which such Lender’s Revolving Credit Commitment of such Class terminates.
Accrued Commitment fees shall be payable in arrears on each Scheduled Payment Date for the quarterly period then most recently ended (or,
in the case of the first such payment made after the Closing Date, for the period from the Closing Date to such date), and on the date
on which the Revolving Credit Commitments of the applicable Class terminate. For purposes of calculating the commitment fee payable
pursuant to this Section 2.12(a), the Revolving Credit Commitment of any Class shall be deemed to have been used to the
extent of the outstanding principal amount of the Revolving Loans of such Class and the LC Exposure attributable to the Revolving
Credit Commitment of such Class.

 

(b)           The
Borrower agrees to pay (i) to the Administrative Agent for the account of each Revolving Lender of any Class, a participation fee
with respect to its participation in any outstanding Letter of Credit, which shall accrue at the Applicable Rate used to determine the
interest rate applicable to Revolving Loans of such Class that are LIBO Rate Loans on the daily face amount of the portion of such
Lender’s LC Exposure that is attributable to its Revolving Credit Commitment of such Class (excluding any portion thereof that
is attributable to any unreimbursed LC Disbursement), during the period from and including the Closing Date to the earlier of (A) the
later of the date on which such Revolving Lender’s Revolving Credit Commitment of such Class terminates and the date on which
such Revolving Lender ceases to have any LC Exposure attributable to its Revolving Credit Commitment of such Class and (B) the
Termination Date, and (ii) to each Issuing Bank, for its own account, a fronting fee, in respect of each Letter of Credit issued
by such Issuing Bank for the period from the date of issuance of such Letter of Credit to the earliest of (A) the expiration date
of such Letter of Credit, (B) the date on which such Letter of Credit terminates, (C) the Termination Date, computed at a rate
agreed by such Issuing Bank and the Borrower (but in any event not to exceed 0.125% per annum) of the daily face amount of such Letter
of Credit, as well as such Issuing Bank’s standard fees with respect to the issuance, amendment, renewal or extension of any Letter
of Credit or the processing of any drawing thereunder. Participation fees and fronting fees shall accrue to but excluding each Scheduled
Payment Date and be payable in arrears for the quarterly period then most recently ended (or, in the case of the payment made on the first
such date after the Closing Date, for the period from the Closing Date to such date) on each Scheduled Payment Date); provided,
that all such fees shall be payable on the date on which the Revolving Credit Commitments of the applicable Class terminate, and
any such fees accruing after the date on which the Revolving Credit Commitments of the applicable Class terminate and prior to the
Termination Date shall be payable on demand. Any other fee payable to any Issuing Bank pursuant to this paragraph shall be payable within
30 days after receipt of a written demand (accompanied by reasonable back-up documentation) therefor.

 

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(c)           [Reserved].

 

(d)           The
Borrower agrees to pay to the Administrative Agent, for its own account, the annual administration fee described in the Fee Letter.

 

(e)           All
fees payable hereunder shall be paid on the date due, in Dollars and in immediately available funds, to the Administrative Agent (or to
the applicable Issuing Bank, in the case of fees payable to any Issuing Bank). Fees paid shall not be refundable under any circumstance
except as otherwise provided in the Fee Letter. Fees payable hereunder shall accrue through and including the last day of the month immediately
preceding the applicable fee payment date.

 

(f)            In
the event that, on or prior to the date that is six months after the Closing Date, the Borrower (A) prepays, repays, refinances,
substitutes or replaces any Initial Term Loan in connection with a Repricing Transaction (including, for the avoidance of doubt, any prepayment
made pursuant to Section 2.11(b)(iii) that constitutes a Repricing Transaction), or (B) effects any amendment, modification
or waiver of, or consent under, this Agreement resulting in a Repricing Transaction, the Borrower shall pay to the Administrative Agent,
for the ratable account of each of the applicable Initial Term Lenders, (I) in the case of clause (A), a premium of 1.00%
of the aggregate principal amount of the Initial Term Loans so prepaid, repaid, refinanced, substituted or replaced and (II) in the
case of clause (B), a fee equal to 1.00% of the aggregate principal amount of the Initial Term Loans that are the subject of such
Repricing Transaction outstanding immediately prior to such amendment. If, on or prior to the date that is six months after the Closing
Date, all or any portion of the Initial Term Loans held by any Term Lender are prepaid, repaid, refinanced, substituted or replaced pursuant
to Section 2.19(b)(iv) as a result of, or in connection with, such Term Lender not agreeing or otherwise consenting to
any waiver, consent, modification or amendment referred to in clause (B) above (or otherwise in connection with a Repricing
Transaction), such prepayment, repayment, refinancing, substitution or replacement will be made at 101% of the principal amount so prepaid,
repaid, refinanced, substituted or replaced. All such amounts shall be due and payable on the date of effectiveness of such Repricing
Transaction.

 

(g)           Unless
otherwise indicated herein, all computations of fees shall be made on the basis of a 360-day year and shall be payable for the actual
days elapsed (including the first day but excluding the last day). Each determination by the Administrative Agent of the amount of any
fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

 

Section 2.13.     Interest.

 

(a)           The
Term Loans and the Revolving Loans comprising each ABR Borrowing shall bear interest at the Alternate Base Rate plus the Applicable
Rate.

 

(b)           The
Term Loans and the Revolving Loans comprising each LIBO Rate Borrowing (with any Revolving Loans denominated in any Alternate Currency
being required to comprise a LIBO Rate Borrowing) shall bear interest at the LIBO Rate for the Interest Period in effect for such Borrowing
plus the Applicable Rate.

 

(c)           [Reserved].

 

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(d)           Notwithstanding
the foregoing but in all cases subject to Section 9.05(f), if any principal of or interest on any Term Loan, Revolving Loan,
any LC Disbursement or other amount payable by the Borrower hereunder is not, in each case, paid or reimbursed when due, whether at stated
maturity, upon acceleration or otherwise, the relevant overdue amount shall bear interest, to the fullest extent permitted by applicable
Requirements of Law, after as well as before judgment, at a rate per annum equal to (i) in the case of overdue principal or interest
of any Term Loan, Revolving Loan or unreimbursed LC Disbursement, 2.00% plus the rate otherwise applicable to such Term Loan, Revolving
Loan or LC Disbursement as provided in the preceding paragraphs of this Section or (ii) in the case of any other amount, 2.00%
plus the rate applicable to Revolving Loans that are ABR Loans as provided in paragraph (a) of this Section 2.13;
provided, that no amount shall accrue pursuant to this Section 2.13(d) on any overdue amount, reimbursement obligation
in respect of any LC Disbursement or other amount that is payable to any Defaulting Lender so long as such Lender is a Defaulting Lender.

 

(e)           Accrued
interest on each Term Loan and Revolving Loan shall be payable in arrears on each Interest Payment Date for such Term Loan or Revolving
Loan and (i) on the Maturity Date applicable to such Loan and (ii) in the case of a Revolving Loan of any Class, upon termination
of the Revolving Credit Commitments of such Class; provided that (A) interest accrued pursuant to paragraph (d) of
this Section 2.13 shall be payable on demand, (B) except as provided in Section 2.11(b)(viii) hereof,
in the event of any repayment or prepayment of any Term Loan, Revolving Loan (other than an ABR Revolving Loan of any Class prior
to the termination of the Revolving Credit Commitments of such Class), accrued interest on the principal amount repaid or prepaid shall
be payable on the date of such repayment or prepayment and (C) in the event of any conversion of any LIBO Rate Loan prior to the
end of the current Interest Period therefor, accrued interest on such Term Loan or Revolving Loan shall be payable on the effective date
of such conversion.

 

(f)           All
interest hereunder shall be computed on the basis of a year of 360 days, except that interest computed by reference to the Alternate Base
Rate at times when the Alternate Base Rate is based on the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days
in a leap year), and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last
day). The applicable Alternate Base Rate or LIBO Rate shall be determined by the Administrative Agent, and such determination shall be
conclusive absent manifest error. Interest shall accrue on each Loan for the day on which the Loan is made and shall not accrue on a Loan,
or any portion thereof, for the day on which the Loan or such portion is paid; provided that any Loan that is repaid on the same
day on which it is made shall bear interest for one day.

 

Section 2.14.     Alternate
Rate of Interest.

 

If, prior to the commencement
of any Interest Period for a LIBO Rate Borrowing:

 

(a)           subject
to, and without limitation of, Sections 1.13 and 1.14, if the Administrative Agent determines (which determination shall
be conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the LIBO Rate for such Interest
Period; or

 

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

 

then
the Administrative Agent shall promptly give notice thereof to the Borrower and the Lenders by telephone, facsimile or electronic mail
promptly thereafter (but at least two Business Days prior to the first day of such Interest Period) and, until the Administrative Agent
notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, which the Administrative Agent
agrees promptly to do, (i) any Interest Election Request that requests the conversion of any Borrowing to, or continuation of any
Borrowing as, a LIBO Rate Borrowing shall be ineffective and such Borrowing shall be converted to an ABR Borrowing on the last day of
the Interest Period applicable thereto (or, in the case of a pending Interest Election Request for the continuation of any Borrowing denominated
in any Alternate Currency, the Administrative Agent shall establish an alternate rate of interest in accordance with Section 1.14
as if the Scheduled Unavailability Date has occurred with respect to such Alternate Currency) and (ii) if any Borrowing Request requests
a LIBO Rate Borrowing, such Borrowing shall be made as an ABR Borrowing (or, in the case of a pending request for a Borrowing denominated
in any Alternate Currency, the Administrative Agent shall establish an alternate rate of interest in accordance with Section 1.14
as if the Scheduled Unavailability Date has occurred with respect to such Alternate Currency).

 

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Section 2.15.     Increased
Costs.

 

(a)           If
any Change in Law:

 

(i)            imposes,
modifies or deems applicable any reserve, special deposit or similar requirement against assets of, deposits with or for the account of,
or credit extended by, any Lender (except any such reserve requirement reflected in the LIBO Rate) or Issuing Bank;

 

(ii)           subjects
any Lender or Issuing Bank to any Taxes (other than (A) Indemnified Taxes and Other Taxes indemnifiable under Section 2.17,
and (B) Excluded Taxes) on or with respect to its loans, letters of credit, commitments, or other obligations, or its deposits, reserves,
other liabilities or capital attributable thereto; or

 

(iii)          imposes
on any Lender or Issuing Bank or the London interbank market any other condition, cost or expense (other than Taxes) affecting this Agreement
or LIBO Rate Loans made by any Lender or any Letter of Credit or participation therein;

 

and the result of any of the foregoing is to increase
the cost to the relevant Lender of making or maintaining any LIBO Rate Loan (or of maintaining its obligation to make any such Loan) or
to increase the cost to such Lender or Issuing Bank of participating in, issuing or maintaining any Letter of Credit or to reduce the
amount of any sum received or receivable by such Lender or Issuing Bank hereunder (whether of principal, interest or otherwise) in respect
of any LIBO Rate Loan or Letter of Credit in an amount deemed by such Lender or Issuing Bank to be material, then, within 30 days after
the Borrower’s receipt of the certificate contemplated by paragraph (c) of this Section 2.15, the Borrower
will pay (or cause to be paid) to such Lender or Issuing Bank, as applicable, such additional amount or amounts as will compensate such
Lender or Issuing Bank, as applicable, for such additional costs incurred or reduction suffered; provided that the Borrower shall
not be liable for such compensation if (x) the relevant Change in Law occurs on a date prior to the date such Lender becomes a party
hereto, (y) such Lender invokes Section 2.20 or (z) in the case of requests for reimbursement under clause (iii) above
resulting from a market disruption, (A) the relevant circumstances do not generally affect the banking market or (B) the applicable
request has not been made by Lenders constituting Required Lenders.

 

(b)           If
any Lender or Issuing Bank determines that any Change in Law regarding liquidity or capital requirements has or would have the effect
of reducing the rate of return on such Lender’s or Issuing Bank’s capital or on the capital of such Lender’s or Issuing
Bank’s holding company, if any, as a consequence of this Agreement or the Loans made by, or participations in Letters of Credit
held by, such Lender, or the Letters of Credit issued by such Issuing Bank, to a level below that which such Lender or such Issuing Bank
or such Lender’s or such Issuing Bank’s holding company could have achieved but for such Change in Law (taking into consideration
such Lender’s or Issuing Bank’s policies and the policies of such Lender’s or such Issuing Bank’s holding company
with respect to liquidity or capital adequacy), then within 30 days of receipt by the Borrower of the certificate contemplated by paragraph (c) of
this Section 2.15 the Borrower will pay (or cause to be paid) to such Lender or such Issuing Bank, as applicable, such additional
amount or amounts as will compensate such Lender or such Issuing Bank or such Lender’s or such Issuing Bank’s holding company
for any such reduction suffered.

 

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(c)           Any
Lender or Issuing Bank requesting compensation under this Section 2.15 shall be required to deliver a certificate to the Borrower
that (i) sets forth the amount or amounts necessary to compensate such Lender or Issuing Bank or the holding company thereof, as
applicable, as specified in paragraph (a) or (b) of this Section, (ii) sets forth, in reasonable detail,
the manner in which such amount or amounts were determined and (iii) certifies that such Lender or Issuing Bank is generally charging
such amounts to similarly situated borrowers, which certificate shall be conclusive absent manifest error.

 

(d)           Failure
or delay on the part of any Lender or Issuing Bank to demand compensation pursuant to this Section shall not constitute a waiver
of such Lender’s or Issuing Bank’s right to demand such compensation; provided, however that the Borrower shall
not be required to compensate any Lender or an Issuing Bank pursuant to this Section for any increased costs or reductions incurred
more than six months prior to the date that such Lender or Issuing Bank notifies the Borrower of the Change in Law giving rise to such
increased costs or reductions and of such Lender’s or Issuing Bank’s intention to claim compensation therefor; provided,
further, that if the Change in Law giving rise to such increased costs or reductions is retroactive, then the six month period
referred to above shall be extended to include the period of retroactive effect thereof.

 

Section 2.16.     Break
Funding Payments. Subject to Section 9.05(f), in the event of (a) the conversion or prepayment of any principal of
any LIBO Rate Loan other than on the last day of an Interest Period applicable thereto (whether voluntary, mandatory, automatic, by reason
of acceleration or otherwise), (b) the failure to borrow, convert, continue or prepay any LIBO Rate Loan on the date or in the amount
specified in any notice delivered pursuant hereto or (c) the assignment of any LIBO Rate Loan of any Lender other than on the last
day of the Interest Period applicable thereto as a result of a request by the Borrower pursuant to Section 2.19, then, in
any such event, the Borrower shall compensate each Lender for the actual amount of any actual out-of-pocket loss, expense and/or liability
(including any actual out-of-pocket loss, expense or liability incurred by reason of the liquidation or reemployment of deposits or other
funds required by such Lender to fund or maintain LIBO Rate loans, but excluding loss of anticipated profit) that such Lender has incurred
or sustained as a result of such event. Any Lender requesting compensation under this Section 2.16 shall be required to deliver
a certificate to the Borrower that (A) sets forth any amount or amounts that such Lender is entitled to receive pursuant to this
Section, the basis therefor and, in reasonable detail, the manner in which such amount or amounts were determined and (B) certifies
that such Lender is generally charging the relevant amounts to similarly situated borrowers, which certificate shall be conclusive absent
manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate within 30 days after receipt thereof.

 

Section 2.17.     Taxes.

 

(a)           Payments
Free of Taxes. Any payment by or on account of any obligation of any Loan Party under any Loan Document shall be made without deduction
or withholding for any Taxes, except as required by applicable Law. If any applicable Law (as determined in the good faith of the applicable
withholding agent) requires the deduction or withholding of any Tax from any such payment, then (i) if such Tax is an Indemnified
Tax and/or Other Tax, the amount payable by the applicable Loan Party shall be increased as necessary so that after such deduction or
withholding has been made (including such deductions or withholdings applicable to additional sums payable under this Section 2.17)
each Lender (or, in the case of any payment made to the Administrative Agent for its own account, the Administrative Agent) receives an
amount equal to the sum it would have received had no such deductions or withholdings been made, (ii) the applicable withholding
agent shall be entitled to make such withholding or deductions and (iii) the applicable withholding agent shall timely pay the full
amount withheld or deducted to the relevant Governmental Authority in accordance with applicable Requirements of Law.

 

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

 

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(c)           Indemnification
by the Borrower. The Borrower shall indemnify the Administrative Agent and each Lender within 30 days after receipt of the certificate
described in the succeeding sentence, for the full amount of any Indemnified Taxes or Other Taxes payable or paid by the Administrative
Agent or such Lender, as applicable (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable
under this Section 2.17), other than any penalties determined by a final and non-appealable judgment of a court of competent
jurisdiction (or documented in any settlement agreement) to have resulted from the gross negligence, bad faith or willful misconduct of
the Administrative Agent or such Lender, and, in each case, any reasonable expenses arising therefrom or with respect thereto, whether
or not such Taxes were correctly or legally imposed or asserted; provided that if the Borrower reasonably believes that such Taxes
were not correctly or legally asserted, the Administrative Agent or such Lender, as applicable, will use reasonable efforts to cooperate
with the Borrower to obtain a refund of such Taxes (which shall be repaid to the Borrower in accordance with Section 2.17(g))
at the expense of the Loan Parties, so long as such efforts would not, in the sole determination of the Administrative Agent or such Lender,
result in any additional out-of-pocket costs or expenses not reimbursed by the Loan Parties or be otherwise materially disadvantageous
to the Administrative Agent or such Lender, as applicable. In connection with any request for reimbursement under this Section 2.17(c),
the relevant Lender or the Administrative Agent, as applicable, shall deliver a certificate to the Borrower setting forth, in reasonable
detail, the basis and calculation of the amount of the relevant payment or liability. Notwithstanding anything to the contrary contained
in this Section 2.17, no Borrower shall be required to indemnify the Administrative Agent or any Lender pursuant to this Section 2.17
for any amount to the extent the Administrative Agent or such Lender fails to notify the Borrower of such possible indemnification claim
within 180 days after the Administrative Agent or such Lender receives written notice from the applicable taxing authority of the specific
Tax assessment giving rise to such indemnification claim.

 

(d)           [Reserved].

 

(e)           Evidence
of Payments. As soon as practicable after any payment of any Taxes pursuant to this Section 2.17 by any Loan Party to
a Governmental Authority, the Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued,
if any, by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such
payment that is reasonably satisfactory to the Administrative Agent.

 

(f)            Status
of Lenders.

 

(i)            Any
Lender that is entitled to an exemption from or reduction of any withholding Tax with respect to any payment 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 as the Borrower or the Administrative Agent may reasonably request to 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 Requirements of 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. Each Lender hereby authorizes the Administrative
Agent to deliver to the Borrower and to any successor Administrative Agent any documentation provided to the Administrative Agent pursuant
to this Section 2.17(f). 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 paragraphs (f)(ii)(A), (ii)(B) and
(ii)(D) of this Section 2.17) 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,

 

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

 

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

 

(1)           in
the case of any Foreign Lender claiming the benefits of an income tax treaty to which the US is a party, two executed copies of IRS Form W-8BEN
or W-8BEN-E, as applicable, establishing any available exemption from, or reduction of, US federal withholding Tax;

 

(2)           two
executed copies of IRS Form W-8ECI (or any successor forms);

 

(3)           in
the case of any Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 871(h) or 881(c) of
the Code, (x) two executed copies of a certificate substantially in the form of Exhibit O-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 871(h)(3)(B) of the Code, or a “controlled foreign corporation” related
to the Borrower as described in Section 881(c)(3)(C) of the Code, and that no payments payable to such Lender are effectively
connected with the conduct of a US trade or business (a “Tax Compliance Certificate”) and (y) two executed copies
of IRS Form W-8BEN or W-8BEN-E, as applicable (or any successor forms); or

 

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

 

(C)           each
Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent on or prior
to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request
of the Borrower or the Administrative Agent), two executed copies of any other form prescribed by applicable Requirements of Law as a
basis for claiming exemption from or a reduction in US federal withholding Tax, duly completed, together with such supplementary documentation
as may be prescribed by applicable Requirements of 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 any Lender under any Loan Document would be subject to US 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 applicable
Requirements of Law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation as is
prescribed by applicable Requirements of Law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) as may be necessary
for the Borrower and the Administrative Agent to comply with their obligations under FATCA, to determine whether such Lender has complied
with such Lender’s obligations under FATCA or to determine the amount, if any, to deduct and withhold from such payment. Solely
for purposes of this clause (D), “FATCA” shall include any amendments made to FATCA after the date of this Agreement.

 

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For the avoidance of doubt,
if a Lender is an entity disregarded from its owner for US federal income tax purposes, references to the foregoing documentation are
intended to refer to documentation with respect to such Lender’s owner and, as applicable, such Lender.

 

Each Lender agrees that if
any documentation it previously delivered expires or becomes obsolete or inaccurate in any respect (including any specific documentation
required above in this Section 2.17(f)), it shall deliver to the Borrower and the Administrative Agent updated or other appropriate
documentation (including any new documentation reasonably requested by the Borrower or the Administrative Agent) or promptly notify the
Borrower and the Administrative Agent in writing of its legal ineligibility to do so.

 

(g)           Treatment
of Certain Refunds. If the Administrative Agent or any Lender determines, in its sole discretion, that it has received a refund (whether
received in cash or applied as a credit against any cash taxes payable) of any Indemnified Taxes or Other Taxes as to which it has been
indemnified by the Borrower or with respect to which any Loan Party has paid additional amounts pursuant to this Section 2.17,
it shall pay over such refund to the applicable Loan Party (but only to the extent of indemnity payments made, or additional amounts paid,
by such Loan Party under this Section 2.17 with respect to the Indemnified Taxes or Other Taxes giving rise to such refund),
net of all out-of-pocket expenses of the Administrative Agent or such Lender (including any Taxes imposed with respect to such refund),
and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); provided
that the applicable Loan Party, upon the request of the Administrative Agent or such Lender, 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 Administrative
Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund to such Governmental Authority.
Notwithstanding anything to the contrary in this paragraph (g), in no event will the Administrative Agent or any Lender be required
to pay any amount to the applicable Loan Party pursuant to this paragraph (g), in no event will the Administrative Agent or any
Lender be required to pay any amount to the Borrower pursuant to this paragraph (g) to the extent that the payment thereof
would place the Administrative Agent or such Lender in a less favorable net after-Tax position than the position that the Administrative
Agent or such Lender would have been in if the Tax subject to indemnification had not been deducted, withheld or otherwise imposed and
the indemnification payments or additional amounts giving rise to such refund had never been paid. This Section 2.17 shall
not be construed to require the Administrative Agent or any Lender to make available its Tax returns (or any other information relating
to its Taxes which it deems confidential) to the relevant Loan Party or any other Person.

 

(h)           Survival.
Each party’s obligations under this Section 2.17 shall survive the resignation or replacement of the Administrative
Agent or any assignment of rights by, or the replacement of, any Lender, the termination of the Commitments and the repayment, satisfaction
or discharge of all obligations under any Loan Document.

 

(i)            Definition
of “Lender”. For the avoidance of doubt, the term “Lender” shall, for all purposes of this Section 2.17,
include any Issuing Bank.

 

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(j)            Certain
Documentation.     On or before the date on which the Administrative
Agent becomes a party to this Agreement, the Administrative Agent shall deliver to the Borrower whichever of the following is applicable:
(i) if the Administrative Agent is a US Person, two executed copies of IRS Form W-9 certifying that such Administrative Agent
is exempt from US federal backup withholding or (ii) if the Administrative Agent is not a US Person, (A) with respect to payments
received for its own account, two executed copies of IRS Form W-8ECI or W-8BEN-E, as applicable and (ii) with respect to payments
received on account of any Lender, two executed copies of IRS Form W-8IMY (together with all required accompanying documentation)
certifying that the Administrative Agent is either a US branch and may be treated as a US person for purposes of applicable US federal
withholding Tax or a qualified intermediary. At any time thereafter, the Administrative Agent shall provide updated documentation previously
provided (or a successor form thereto) when any documentation previously delivered has expired or become obsolete or invalid or otherwise
upon the reasonable request of the Borrower. Notwithstanding anything to the contrary in this Section 2.17(j), the Administrative
Agent shall not be required to provide any documentation that the Administrative Agent is not legally eligible to deliver as a result
of a Change in Law after the Closing Date.

 

Section 2.18.     Payments
Generally; Allocation of Proceeds; Sharing of Payments.

 

(a)           Unless
otherwise specified, the Borrower shall make each payment required to be made by it hereunder (whether of principal, interest or fees,
reimbursements of LC Disbursements, or of amounts payable under Section 2.15, 2.16 or 2.17, or otherwise) prior
to 3:00 p.m. on the date when due. Each such payment shall be made in immediately available funds (or such other form of consideration
as the relevant Lender may agree), without set-off or counterclaim. Any amount received after such time on any date may, in the discretion
of the Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest
thereon. All such payments shall be made to the Administrative Agent to the applicable account designated by the Administrative Agent
to the Borrower, except that payments pursuant to Sections 2.15, 2.16, 2.17 and/or 9.03 shall be made
directly to the Person or Persons entitled thereto. The Administrative Agent shall distribute any such payment received by it for the
account of any other Person to the appropriate recipient promptly following receipt thereof. Except as provided in Sections 2.19(b),
2.21, 2.22, 2.23, 9.02(c) and/or 9.05 and/or any other express provision of this Agreement, each
Borrowing, each payment or prepayment of principal of any Borrowing, each payment of interest on the Loans of a given Class and each
conversion of any Borrowing to or continuation of any Borrowing as a Borrowing of any Type (and of the same Class) shall be allocated
pro rata among the Lenders in accordance with their respective Applicable Percentages of the applicable Class. Each Lender agrees that
in computing such Lender’s portion of any Borrowing to be made hereunder, the Administrative Agent may, in its discretion, round
each Lender’s percentage of such Borrowing to the next higher or lower whole Dollar amount. All payments hereunder shall be made
in Dollars or the relevant Alternate Currency, as applicable (or such other form of consideration as the relevant recipient may agree).
Any payment required to be made by the Administrative Agent hereunder shall be deemed to have been made by the time required if the Administrative
Agent shall, at or before such time, have taken the necessary steps to make such payment in accordance with the regulations or operating
procedures of the clearing or settlement system used by the Administrative Agent to make such payment.

 

(b)           Subject
in all respects to the provisions of any applicable Intercreditor Agreement, all proceeds of Collateral received by the Administrative
Agent while an Event of Default exists and all or any portion of the Loans have been accelerated hereunder pursuant to Section 7.01,
shall be applied:

 

(i)            first,
to the payment of all costs and expenses then due incurred by the Administrative Agent in connection with any collection, sale or realization
on Collateral or otherwise in connection with this Agreement, any other Loan Document or any of the Secured Obligations, including all
court costs and the fees and expenses of agents and legal counsel, the repayment of all advances made by the Administrative Agent hereunder
or under any other Loan Document on behalf of any Loan Party and any other costs or expenses incurred in connection with the exercise
of any right or remedy hereunder or under any other Loan Document,

 

(ii)            second,
on a pro rata basis, to pay any fees, indemnities or expense reimbursements constituting Secured Obligations then due to the Administrative
Agent (other than those covered in clause first above) or any Issuing Bank from the Borrower,

 

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(iii)          third,
on a pro rata basis in accordance with the amounts of the Secured Obligations (other than contingent indemnification obligations for which
no claim has yet been made) owed to the Secured Parties on the date of any such distribution, to the payment in full of the Secured Obligations
(including, with respect to LC Exposure, an amount to be paid to the Administrative Agent equal to 100% of the LC Exposure (minus
the amount then on deposit in the LC Collateral Account) on such date, to be held in the LC Collateral Account as Cash collateral for
such Obligations); provided that if any Letter of Credit expires undrawn, then any Cash collateral held to secure the related LC
Exposure shall be applied in accordance with this Section 2.18(b), beginning with clause first above,

  

(iv)          fourth,
as provided in any applicable Intercreditor Agreement, and

 

(v)           fifth,
to, or at the direction of, the Borrower or as a court of competent jurisdiction may otherwise direct.

 

(c)           If
any Lender obtains payment (whether voluntary, involuntary, through the exercise of any right of set-off or otherwise) in respect of any
principal of or interest on any Loan of any Class or any participation in LC Disbursements held by it resulting in such Lender receiving
payment of a greater proportion of the aggregate amount of its Loans of such Class and participations in LC Disbursements and accrued
interest thereon than the proportion received by any other Lender with Loans of such Class and participations in LC Disbursements,
then the Lender receiving such greater proportion shall purchase (for Cash at face value) participations in the Loans of such Class and
sub-participations in LC Disbursements of other Lenders of such Class at such time outstanding to the extent necessary so that the
benefit of all such payments shall be shared by the Lenders of such Class ratably in accordance with the aggregate amount of principal
of and accrued interest on their respective Loans of such Class and participations in LC Disbursements; provided that (i) if
any such participation is 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 (ii) the provisions of this paragraph
shall not apply to (A) any payment made by the Borrower pursuant to and in accordance with the express terms of this Agreement or
(B) any payment obtained by any Lender as consideration for the assignment of or sale of a participation in any Loan to any permitted
assignee or participant, including any payment made or deemed made in connection with Sections 2.22, 2.23, 9.02(c) and/or
Section 9.05. The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable Requirements
of Law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise rights of set-off and counterclaim
against the Borrower with respect to such participation as fully as if such Lender were a direct creditor of the Borrower in the amount
of such participation. The Administrative Agent will keep records (which shall be conclusive and binding in the absence of manifest error)
of participations purchased under this Section 2.18(c) and will, in each case, notify the Lenders following any such
purchase or repayment. Each Lender that purchases a participation pursuant to this Section 2.18(c) shall from and after
the date of such purchase have the right to give all notices, requests, demands, directions and other communications under this Agreement
with respect to the portion of the Obligations purchased to the same extent as though the purchasing Lender were the original owner of
the Obligations purchased.

 

(d)           Unless
the Administrative Agent has received written notice from the Borrower prior to the date on which any payment is due to the Administrative
Agent for the account of any Lender or any Issuing Bank hereunder that the Borrower will not make such payment, the Administrative Agent
may assume that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute
to the applicable Lender or Issuing Bank the amount due. In such event, if the Borrower has not in fact made such payment (or caused such
payment to be made), then each Lender or the applicable Issuing Bank severally agrees to repay to the Administrative Agent forthwith on
demand the amount so distributed to such Lender or Issuing Bank with interest thereon, for each day from and including the date such amount
is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate
and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation.

 

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(e)           If
any Lender fails to make any payment required to be made by it pursuant to Section 2.07(b) or Section 2.18(d),
then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amount thereafter received
by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such
unsatisfied obligations are fully paid.

 

Section 2.19.     Mitigation
Obligations; Replacement of Lenders.

 

(a)           If
any Lender requests compensation under Section 2.15 or determines it can no longer make or maintain LIBO Rate Loans pursuant
to Section 2.20, or any Loan Party is required to pay any additional amount to or indemnify any Lender or any Governmental
Authority for the account of any Lender pursuant to Section 2.17, then such Lender shall use reasonable efforts to designate
a different lending office for funding or booking its Loans hereunder or its participation in any Letter of Credit affected by such event,
or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the reasonable judgment of
such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.15 or
2.17, as applicable, in the future or mitigate the impact of Section 2.20, as the case may be, and (ii) would
not subject such Lender to any unreimbursed out-of-pocket cost or expense and would not otherwise be disadvantageous to such Lender in
any material respect. The Borrower hereby agrees to pay all reasonable out-of-pocket costs and expenses incurred by any Lender in connection
with any such designation or assignment.

 

(b)           If
(i) any Lender requests compensation under Section 2.15 or determines it can no longer make or maintain LIBO Rate Loans
pursuant to Section 2.20, (ii) any Loan Party is required to pay any additional amount to or indemnify any Lender or
any Governmental Authority for the account of any Lender pursuant to Section 2.17, (iii) any Lender is a Defaulting Lender
or (iv) in connection with any proposed amendment, waiver or consent requiring the consent of “each Lender”, “each
Revolving Lender” or “each Lender directly affected thereby” (or any other Class or group of Lenders other than
the Required Lenders) with respect to which Required Lender or Required Revolving Lender consent (or the consent of Lenders holding loans
or commitments of such Class or lesser group representing more than 50% of the sum of the total loans and unused commitments of such
Class or lesser group at such time) has been obtained, as applicable, any Lender is a non-consenting Lender, then the Borrower may,
at its sole expense and effort, upon notice to such Lender and the Administrative Agent, (x) terminate the applicable Commitments
of such Lender, and repay all Obligations of the Borrower owing to such Lender relating to the applicable Loans and participations held
by such Lender as of such termination date (provided that, if, after giving effect such termination and repayment, the aggregate
amount of the Revolving Credit Exposure of any Class exceeds the aggregate amount of the Revolving Credit Commitments of such Class then
in effect, then the Borrower shall, not later than the next Business Day, prepay one or more Revolving Loan Borrowings of the applicable
Class (and, if no Revolving Loan Borrowings of such Class are outstanding, deposit Cash collateral in the LC Collateral Account)
in an amount necessary to eliminate such excess) or (y) replace such Lender by requiring such Lender to assign and delegate (and
such Lender shall be obligated to assign and delegate), without recourse (in accordance with and subject to the restrictions contained
in Section 9.05), all of its interests, rights and obligations under this Agreement to an Eligible Assignee that assumes such
obligations (which Eligible Assignee may be another Lender, if any Lender accepts such assignment); provided that (A) such
Lender has received payment of an amount equal to the outstanding principal amount of its Loans and, if applicable, participations in
LC Disbursements, in each case of such Class of Loans and/or Commitments, accrued interest thereon, accrued fees and all other amounts
payable to it under any Loan Document with respect to such Class of Loans and/or Commitments, (B) in the case of any assignment
resulting from a claim for compensation under Section 2.15 or any payment required to be made pursuant to Section 2.17,
such assignment would result in a reduction in such compensation or payment and (C) such assignment does not conflict with applicable
Requirements of Law. No Lender (other than a Defaulting Lender) shall be required to make any such assignment and delegation, and the
Borrower may not repay the Obligations of such Lender or terminate its Commitments, if, prior thereto, as a result of a waiver by such
Lender or otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply. Each Lender agrees
that if it is replaced pursuant to this Section 2.19, it shall execute and deliver to the Administrative Agent an Assignment
Agreement to evidence such sale and purchase and shall deliver to the Administrative Agent any Promissory Note (if the assigning Lender’s
Loans are evidenced by one or more Promissory Notes) subject to such Assignment Agreement (provided that the failure of any Lender
replaced pursuant to this Section 2.19 to execute an Assignment Agreement or deliver any such Promissory Note shall not render
such sale and purchase (and the corresponding assignment) invalid), such assignment shall be recorded in the Register and any such Promissory
Note shall be deemed cancelled. Each Lender hereby irrevocably appoints the Administrative Agent (such appointment being coupled with
an interest) as such Lender’s attorney-in-fact, with full authority in the place and stead of such Lender and in the name of such
Lender, from time to time in the Administrative Agent’s discretion, with prior written notice to such Lender, to take any action
and to execute any such Assignment Agreement or other instrument that the Administrative Agent may deem reasonably necessary to carry
out the provisions of this clause (b). To the extent that any Lender is replaced pursuant to Section 2.19(b)(iv) in
connection with a Repricing Transaction requiring payment of a fee pursuant to Section 2.12(f), the Borrower shall pay to
each Lender being replaced as a result of such Repricing Transaction the fee set forth in Section 2.12(f).

 

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Section 2.20.         Illegality.
If any Lender reasonably determines that any Change in Law has made it unlawful, or that any Governmental Authority has asserted after
the Closing Date that it is unlawful, for such Lender or its applicable lending office to make, maintain or fund Loans whose interest
is determined by reference to the Published LIBO Rate (whether denominated in Dollars or an Alternate Currency), or to determine or charge
interest rates based upon the Published 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 or any Alternate Currency in the applicable interbank market, then, on
notice thereof by such Lender to the Borrower through the Administrative Agent, (i) any obligation of such Lender to make or continue
LIBO Rate Loans in the effected currency or currencies or to convert ABR Loans to LIBO Rate Loans shall be suspended and (ii) if
such notice asserts the illegality of such Lender making or maintaining ABR Loans the interest rate on which is determined by reference
to the Published LIBO Rate component of the Alternate Base Rate, the interest rate on which ABR Loans of such Lender, shall, if necessary
to avoid such illegality, be determined by the Administrative Agent without reference to the Published LIBO Rate component of the Alternate
Base Rate, in each case until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such
determination no longer exist (which notice such Lender agrees to give promptly). Upon receipt of such notice, (x) the Borrower shall,
upon demand from the relevant Lender (with a copy to the Administrative Agent), at its election, prepay or (I) if applicable and
such Loans are denominated in Dollars, convert all of such Lender’s LIBO Rate Loans to ABR Loans (the interest rate on which ABR
Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the
Published LIBO Rate component of the Alternate Base Rate) or (II) if applicable and such Loans are denominated in any Alternate Currency,
convert such Loans to Loans bearing interest at an alternative rate mutually acceptable to the Borrower and such Lender, in each case,
either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such LIBO Rate Loans until such
day, or immediately, if such Lender may not lawfully continue to maintain such LIBO Rate Loans (in which case the Borrower shall not be
required to make payments pursuant to Section 2.16 in connection with such payment); and (y) if such notice asserts the
illegality of such Lender determining or charging interest rates based upon the Published LIBO Rate, the Administrative Agent shall during
the period of such suspension compute the Alternate Base Rate applicable to such Lender without reference to the Published LIBO Rate component
thereof until the Administrative Agent is advised in writing by such Lender that it is no longer illegal for such Lender to determine
or charge interest rates based upon the Published LIBO Rate. Upon any such prepayment or conversion, the Borrower shall also pay accrued
interest on the amount so prepaid or converted.  Each Lender agrees to designate a different lending office if such designation will
avoid the need for such notice and will not, in the determination of such Lender, otherwise be materially disadvantageous to such Lender.

 

Section 2.21.         Defaulting
Lenders. Notwithstanding any provision of this Agreement to the contrary, if any Person becomes a Defaulting Lender, then the following
provisions shall apply for so long as such Person is a Defaulting Lender:

 

(a)           Fees
shall cease to accrue on the unfunded portion of any Commitment of such Defaulting Lender pursuant to Section 2.12(a) and,
subject to clause (d)(iv) below, on the participation of such Defaulting Lender in Letters of Credit pursuant to Section 2.12(b) and
pursuant to any other provision of this Agreement or any other Loan Document.

 

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(b)          The
Loans, the Commitments and the Revolving Credit Exposure of such Defaulting Lender shall not be included in determining whether all Lenders,
each affected Lender, the Required Lenders, the Required Revolving Lenders or such other number of Lenders as may be required hereby or
under any other Loan Document have taken or may take any action hereunder (including any consent to any waiver, amendment or modification
pursuant to Section 9.02); provided that any waiver, amendment or modification requiring the consent of all Lenders
or each affected Lender which (i) increases the Commitment of such Defaulting Lender hereunder, (ii) reduces the principal amount
of any amount owing to such Defaulting Lender or (iii) affects such Defaulting Lender disproportionately and adversely relative to
other affected Lenders shall require the consent of such Defaulting Lender.

 

(c)           Any
payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of any Defaulting Lender (whether
voluntary or mandatory, at maturity, pursuant to Section 2.11, Section 2.15, Section 2.16, Section 2.17,
Section 2.18, Article 7, Section 9.05 or otherwise, and including any amount made available to the
Administrative Agent by such Defaulting Lender pursuant to Section 9.09), shall be applied at such time or times as may be
determined by the Administrative Agent and, where relevant, the Borrower as follows: first, to the payment of any amount owing
by such Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amount owing
by such Defaulting Lender to any applicable Issuing Bank hereunder; third, if so reasonably determined by the Administrative Agent
or reasonably requested by the applicable Issuing Bank, to be held as Cash collateral for future funding obligations of such Defaulting
Lender in respect of any participation in any Letter of Credit; fourth, so long as no Default or Event of Default exists, as the
Borrower may request, to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as
required by this Agreement; fifth, as the Administrative Agent or the Borrower may elect, to be held in a deposit account and released
in order to satisfy obligations of such Defaulting Lender to fund Loans under this Agreement; sixth, to the payment of any amount
owing to the non-Defaulting Lenders or Issuing Banks as a result of any judgment of a court of competent jurisdiction obtained by any
non-Defaulting Lender or any Issuing Bank against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations
under this Agreement; seventh, to the payment of any amount owing to the Borrower as a result of any judgment of a court of competent
jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations
under this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided
that if (x) such payment is a payment of the principal amount of any Loan or LC Exposure in respect of which such Defaulting Lender
has not fully funded its appropriate share and (y) such Loan or LC Exposure was made or created, as applicable, at a time when the
conditions set forth in Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and
LC Exposure owed to, all non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loan of, or LC Exposure
owed to, such Defaulting Lender. Any payment, prepayment or other amount paid or payable to any Defaulting Lender that are applied (or
held) to pay any amount owed by any Defaulting Lender or to post Cash collateral pursuant to this Section 2.21(c) shall
be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto.

 

(d)           If
any LC Exposure exists at the time any Lender becomes a Defaulting Lender then:

 

(i)            the
LC Exposure of such Defaulting Lender shall be reallocated among the non-Defaulting Lenders under the Revolving Facility (the “Non-Defaulting
Revolving Lenders”) in accordance with their respective Applicable Revolving Credit Percentages but only to the extent that
(A) the sum of the Revolving Credit Exposures of all non-Defaulting Lenders attributable to the Revolving Credit Commitments of any
Class does not exceed the total of the Revolving Credit Commitments of all Non-Defaulting Revolving Lenders of such Class and
(B) the Revolving Credit Exposure of any non-Defaulting Lender that is attributable to its Revolving Credit Commitment of such Class does
not exceed such non-Defaulting Lender’s Revolving Credit Commitment of such Class; it being understood and agreed that, subject
to Section 9.23, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against
any Defaulting Lender arising from such Lender’s having become a Defaulting Lender, including any claim of any Non-Defaulting Lender
as a result of such Non-Defaulting Lender's increased exposure following such reallocation;

 

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(ii)           if
the reallocation described in clause (i) above cannot, or can only partially, be effected, the Borrower shall, without prejudice
to any other right or remedy available to it hereunder or under applicable Requirements of Law, within two Business Days following notice
by the Administrative Agent, Cash collateralize 100% of such Defaulting Lender’s LC Exposure (after giving effect to any partial
reallocation pursuant to clause (i) above and any Cash collateral provided by such Defaulting Lender or pursuant to Section 2.21(c) above)
or make other arrangements reasonably satisfactory to the Administrative Agent and to the applicable Issuing Bank with respect to such
LC Exposure and any obligation to fund any participation therein. Cash collateral (or the appropriate portion thereof) provided to reduce
LC Exposure or other obligations shall be released promptly following (A) the elimination of the applicable LC Exposure or other
obligations giving rise thereto (including by the termination of the Defaulting Lender status of the applicable Lender (or, as appropriate,
its assignee following compliance with Section 2.19)) or (B) the Administrative Agent's good faith determination that
there exists excess Cash collateral (including as a result of any subsequent reallocation of LC Exposure among the non-Defaulting Lenders
described in clause (i) above);

 

(iii)          if
the LC Exposure of the non-Defaulting Lenders is reallocated pursuant to this Section 2.21(d), then the fees payable to the
applicable Lenders pursuant to Sections 2.12(a) and (b), as the case may be, shall be adjusted to give effect to such
reallocation; and

 

(iv)          if
any Defaulting Lender’s LC Exposure is not Cash collateralized, prepaid or reallocated pursuant to this Section 2.21(d),
then, without prejudice to any rights or remedies of the applicable Issuing Bank or any Revolving Lender hereunder, all letter of credit
fees payable under Section 2.12(b) with respect to such Defaulting Lender’s LC Exposure shall be payable to the
applicable Issuing Bank until such Defaulting Lender’s LC Exposure is Cash collateralized or reallocated.

 

(e)            So
long as any Revolving Lender is a Defaulting Lender, no Issuing Bank shall be required to issue, extend, create, incur, amend or increase
any Letter of Credit unless the relevant Issuing Banks, as applicable, are reasonably satisfied that the related exposure will be 100%
covered by the Revolving Credit Commitments of the non-Defaulting Revolving Lenders, Cash collateral provided pursuant to Section 2.21(c) and/or
Cash collateral provided in accordance with Section 2.21(d), and participating interest in any such newly issued, extended
or created Letter of Credit shall be allocated among Non-Defaulting Revolving Lenders in a manner consistent with Section 2.21(d)(i) (it
being understood that Defaulting Lenders shall not participate therein).

 

(f)            In
the event that the Administrative Agent and the Borrower agree that any Defaulting Lender has adequately remedied all matters that caused
such Person to be a Defaulting Lender, then the Applicable Revolving Credit Percentage of LC Exposure of the Revolving Lenders shall be
readjusted to reflect the inclusion of such Person’s Revolving Credit Commitment, and on such date such Revolving Lender shall purchase
at par such of the Revolving Loans of the applicable Class of the other Revolving Lenders or participations in Revolving Loans of
the applicable Class as the Administrative Agent determine as necessary in order for such Revolving Lender to hold such Revolving
Loans or participations in accordance with its Applicable Percentage of the applicable Class or its Applicable Revolving Credit Percentage,
as applicable. Notwithstanding the fact that any Defaulting Lender has adequately remedied all matters that caused such Person to be a
Defaulting Lender, (x) no adjustment will be made retroactively with respect to fees accrued or payments made by or on behalf of
the Borrower while such Lender was a Defaulting Lender and (y) except to the extent otherwise expressly agreed by the affected parties,
no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from
such Person’s having been a Defaulting Lender.

 

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Section 2.22.         Incremental
Credit Extensions.

 

(a)            The
Borrower may, at any time, on one or more occasions pursuant to an Incremental Facility Amendment (x) add one or more new Classes
of term facilities and/or increase the principal amount of the Term Loans of any existing Class by requesting new commitments to
provide such Term Loans (any such new Class or increase, an “Incremental Term Facility” and any loan made pursuant
to an Incremental Term Facility, an “Incremental Term Loan”) and/or (y) add one or more new Classes of Revolving
Credit Commitments and/or increase the aggregate amount of the Revolving Credit Commitments of any existing Class (any such new Class or
increase, an “Incremental Revolving Facility” and, together with any Incremental Term Facility, “Incremental
Facilities”; and the loans thereunder, “Incremental Revolving Loans” and any Incremental Revolving Loans,
together with any Incremental Term Loans, the “Incremental Loans”) in an aggregate outstanding principal amount not
to exceed the Incremental Cap; provided, that:

 

(i)            no
Incremental Commitment in respect of any Incremental Term Facility may be in an amount that is less than $5,000,000 (or such lesser amount
to which the Administrative Agent may reasonably agree);

 

(ii)           except
as the Borrower and any Lender may separately agree, no Lender shall be obligated to provide any Incremental Commitment, and the determination
to provide any Incremental Commitment shall be within the sole and absolute discretion of such Lender (it being agreed that the Borrower
shall not be obligated to offer the opportunity to any Lender to participate in any Incremental Facility);

 

(iii)          no
Incremental Facility or Incremental Loan (nor the creation, provision or implementation thereof) shall require the approval of any existing
Lender other than in its capacity, if any, as a lender providing all or part of any Incremental Commitment or Incremental Loan;

 

(iv)          except
as otherwise permitted herein (including with respect to currency, pricing (including any “MFN” or other pricing term), interest
rate margins, rate floors, fees, premiums (including prepayment premiums), funding discounts, maturity and amortization):

 

(A)      the
terms of any Incremental Term Facility, if not substantially consistent with those applicable to any then-existing Class of Term
Loans, must be reasonably acceptable to the Administrative Agent; it being agreed that any terms applicable to such Incremental Term Facility
that (A) are applicable only after the then-existing Latest Term Loan Maturity Date, (B) are, taken as a whole, in the good
faith determination of the Borrower, not more favorable to the lenders or the agent of such Incremental Term Facility than those contained
in the Loan Documents, (C) are more favorable to the lenders or the agent of such Incremental Term Facility than those contained
in the Loan Documents and are then conformed (or added) to the Loan Documents for the benefit of the Term Lenders or, as applicable, the
Administrative Agent (i.e., by conforming or adding a term to the then-outstanding Term Loans pursuant to the applicable Incremental
Facility Amendment) and/or (D) taken as a whole, reflect then current market terms and conditions at the time of the incurrence or
issuance of such Incremental Term Facility (as determined by the Borrower in good faith), shall, in each case, be deemed to be satisfactory
to the Administrative Agent; provided, that (x) any Incremental Term Facility that consists of Customary Term A Loans may
include one or more financial maintenance covenants that do not apply for the benefit of any Lender that is not a lender under such Incremental
Term Facility and (y) notwithstanding the foregoing, any Incremental Term Facility may be structured as a “delayed draw”
facility with such conditions to borrowing thereunder as the Borrower and the relevant Incremental Lenders may agree; and

 

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(B)       the
terms of any Incremental Revolving Facility, if not substantially consistent with those applicable to any then-existing Revolving Facility
must be reasonably acceptable to the Administrative Agent (it being agreed that (A) any terms which are applicable only after the
then-existing Latest Revolving Credit Maturity Date, (B) any terms which are, taken as a whole, in the good faith determination of
the Borrower, not more favorable to the lenders or the agent of such Incremental Revolving Facility than those contained in the Loan Documents,
(C) any terms contained in such Incremental Revolving Facility that are, taken as a whole, more favorable to the lenders or the agent
of such Incremental Revolving Facility than those contained in the Loan Documents and are then conformed (or added) to the Loan Documents
for the benefit of the Revolving Lenders or, as applicable, the Administrative Agent (i.e., by conforming or adding a term to the
then-outstanding Revolving Loans pursuant to the applicable Incremental Facility Amendment) and (D) terms contained in such Incremental
Revolving Facility that, taken as a whole, reflect then current market terms and conditions, taken as a whole, at the time of incurrence
or issuance of such Incremental Revolving Facility (as determined by the Borrower in good faith), shall, in each case, be shall be deemed
to be satisfactory to the Administrative Agent); provided, that any condition to any extension of credit under any Incremental
Revolving Facility will be deemed to be satisfactory to the Administrative Agent;

 

(v)          the
currency, pricing (including any “MFN” or other pricing term), interest rate margins, rate floors, fees, premiums (including
any prepayment premium), funding discounts and, subject to clauses (vi), (vii) and (viii) below, the maturity
and amortization schedule applicable to any Incremental Facility shall be determined by the Borrower and the lender or lenders providing
such Incremental Facility; provided, that (A) in the case of any Incremental Term Facility that constitutes MFN Indebtedness,
the Effective Yield applicable thereto with respect to interest that is payable in Cash may not be more than 0.75% higher than the Effective
Yield applicable to the Initial Term Loans, unless the Applicable Rate (and/or, as provided in the following clause (B), the Alternate
Base Rate floor or LIBO Rate floor) with respect to the Initial Term Loans in such currency is adjusted, or fees are paid to the relevant
Initial Term Lenders, in each case, such that the Effective Yield in respect of such Initial Term Loans is not more than 0.75% per annum
less than the Effective Yield with respect to such Incremental Term Facility and (B) any increase in the Effective Yield applicable
to any Initial Term Loan due to the application or imposition of an Alternate Base Rate floor or LIBO Rate floor on any Incremental Term
Loan may, at the election of the Borrower, be effected solely through an increase in (or implementation of, as applicable) any Alternate
Base Rate floor or LIBO Rate floor applicable to such Initial Term Loan (this proviso, the “MFN Provision”),

 

(vi)         (A) other
than with respect to any Incremental Term Facility consisting of Indebtedness in the form of Customary Bridge Loans and Customary Term
A Loans, the final maturity date with respect to any Incremental Term Loan shall be no earlier than the then-existing Latest Term Loan
Maturity Date; provided, that the Borrower may incur Incremental Term Loans with a final maturity date earlier than the Initial
Term Loan Maturity Date in an aggregate outstanding principal amount not to exceed the then available Inside Maturity Amount and (B) no
Incremental Revolving Facility may have a final maturity date earlier than (or required scheduled amortization or mandatory commitment
reductions prior to) the Latest Revolving Credit Maturity Date, it being understood and agreed for the avoidance of doubt that any undrawn
commitment in respect of any Incremental Term Facility and/or any Incremental Revolving Facility may terminate at such time as the Borrower
and the lenders providing the relevant Incremental Facility may agree;

 

(vii)        other
than with respect to any Incremental Term Facility consisting of Indebtedness in the form of Customary Bridge Loans or Customary Term
A Loans, the Weighted Average Life to Maturity of any Incremental Term Facility shall be no shorter than the remaining Weighted Average
Life to Maturity of any then-existing tranche of Term Loans (without giving effect to any prepayment thereof that would otherwise modify
the Weighted Average Life to Maturity thereof); provided, that the Borrower may incur Incremental Term Loans with a Weighted Average
Life to Maturity that is shorter than the remaining Weighted Average Life to Maturity of the then-existing Term Loans in an aggregate
outstanding principal amount not to exceed the then available Inside Maturity Amount;

 

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(viii)        subject
to clauses (vi) and (vii) above, any Incremental Term Facility may otherwise have an amortization schedule as
determined by the Borrower and the lenders providing such Incremental Term Facility;

 

(ix)          subject
to clause (v) above, to the extent applicable, any fee payable in connection with any Incremental Facility shall be determined
by the Borrower and the arrangers and/or lenders providing such Incremental Facility;

 

(x)           (A) any
Incremental Term Facility or Incremental Revolving Facility may rank pari passu with or junior to any then-existing Class of
Term Loans or Revolving Loans, as applicable, in right of payment and/or security or may be unsecured (and to the extent the relevant
Incremental Facility is secured on a junior lien basis or subordinated in right of payment, it shall be subject to an Intercreditor Agreement)
and (B) no Incremental Facility may be (x) guaranteed by any subsidiary that is not a Loan Party (it being understood and agreed
that the obligations of any subsidiary with respect to any escrow arrangement into which the proceeds of such Incremental Term Facility
are deposited shall not constitute a guarantee by any subsidiary that is not a Loan Party) or (y) secured by any asset that does
not constitute Collateral; it being understood that any Incremental Facility that is funded into Escrow pursuant to customary (in the
good faith determination of the Borrower) escrow arrangements may be secured by the applicable funds and related assets held in Escrow
(and the proceeds thereof) until the date on which such funds are released from Escrow;

 

(xi)          any
Incremental Term Facility may participate (A) in any voluntary prepayment of Term Loans as set forth in Section 2.11(a)(i) and
(B) in any mandatory prepayment of Term Loans as set forth in Section 2.11(b)(vi), in each case, to the extent provided
in such Sections;

 

(xii)         to
the extent that any Incremental Facility does not rank pari passu with any then-existing Class of Term Loans or Revolving
Loans, as applicable, in right of payment and security or is unsecured, such Incremental Facility will be documented pursuant to separate
documentation from this Agreement (it being understood and agreed that any “last out” facility that is pari passu with
any then-existing Class of Term Loans or Revolving Loans, as applicable, in right of security but which is “last out”
with respect to payment priority may be documented hereunder);

 

(xiii)        the
proceeds of any Incremental Facility may be used for working capital needs and other general corporate purposes and any other use not
prohibited by this Agreement; and

 

(xiv)        on
the date of the Borrowing of any Incremental Term Loans that will be of the same Class as any then-existing Class of Term Loans,
and notwithstanding anything to the contrary set forth in Sections 2.08 or 2.13 above, such Incremental Term Loans shall
be added to (and constitute a part of, be of the same Type as and, at the election of the Borrower, have the same Interest Period as)
each Borrowing of outstanding Term Loans of such Class on a pro rata basis (based on the relative sizes of such Borrowings), so that
each Term Lender providing such Incremental Term Loans will participate proportionately in each then-outstanding Borrowing of Term Loans
of such Class; it being acknowledged that the application of this clause (a)(xiv) may result in new Incremental Term Loans
having an Interest Period (the duration of which may be less than one month) that begin during an Interest Period then applicable to outstanding
LIBO Rate Loans of the relevant Class and which end on the last day of such Interest Period.

 

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(b)            Incremental
Commitments may be provided by any existing Lender, or by any other Eligible Assignee (any such other lender being called an “Incremental
Lender”); provided, that the Administrative Agent (and, in the case of any Incremental Revolving Facility and any Issuing
Bank) shall have a right to consent (such consent not to be unreasonably withheld, conditioned or delayed) to the relevant Incremental
Lender’s provision of Incremental Commitments if such consent would be required under Section 9.05(b) for an assignment
of Loans to such Incremental Lender; provided, further, that any Incremental Lender that is an Affiliated Lender shall be
subject to the provisions of Section 9.05(g), mutatis mutandis, to the same extent as if the relevant Incremental Commitments
and related Obligations had been acquired by such Lender by way of assignment.

 

(c)            Each
Lender or Incremental Lender providing a portion of any Incremental Commitment shall execute and deliver to the Administrative Agent and
the Borrower all such documentation (including the relevant Incremental Facility Amendment) as may be reasonably required by the Administrative
Agent to evidence and effectuate such Incremental Commitment. On the effective date of the relevant Incremental Commitment, each Incremental
Lender shall become a Lender for all purposes in connection with this Agreement.

 

(d)            As
conditions precedent to the effectiveness of any Incremental Facility or the making of any Incremental Loan:

 

(i)            upon
its request, the Administrative Agent shall be entitled to receive customary written opinions of counsel with respect to the Borrower,
as well as such reaffirmation agreements, supplements and/or amendments as it may reasonably require;

 

(ii)           the
Administrative Agent shall be entitled to receive, from each Incremental Lender, an Administrative Questionnaire and such other documents
as it may reasonably require from such Incremental Lender;

 

(iii)          subject
to Section 2.22(h), the Administrative Agent shall have received a Borrowing Request as if the relevant Incremental Loans
were subject to Section 2.03 or another written request the form of which is reasonably acceptable to the Administrative Agent
(it being understood and agreed that the requirement to deliver a Borrowing Request shall not result in the imposition of any condition
precedent, including to the availability of the relevant Incremental Loans (including with respect to the absence of a Default or Event
of Default and/or the accuracy of any representation and/or warranty); and

 

(iv)          the
Administrative Agent shall be entitled to receive a certificate of the Borrower signed by a Responsible Officer thereof certifying and
attaching a copy of the resolutions adopted by the governing body of the Borrower approving or consenting to such Incremental Facility
or Incremental Loans.

 

(e)            Notwithstanding
anything to the contrary in this Section 2.22 or in any other provision of any Loan Document, the conditions to the availability
or funding of any Incremental Facility shall be determined by the relevant Incremental Lenders providing such Incremental Facility and
the Borrower.

 

(f)            Upon
the implementation of any Incremental Revolving Facility pursuant to this Section 2.22:

 

(i)            if
such Incremental Revolving Facility establishes a Revolving Credit Commitment of the same Class as any then-existing Class of
Revolving Credit Commitments, (A) each Revolving Lender immediately prior to such increase will automatically and without further
act be deemed to have assigned to each relevant Incremental Revolving Facility Lender, and each relevant Incremental Revolving Facility
Lender will automatically and without further act be deemed to have assumed a portion of such Revolving Lender’s participations
hereunder in outstanding Letters of Credit such that, after giving effect to each deemed assignment and assumption of such participations,
all of the Revolving Lenders’ (including each Incremental Revolving Facility Lender) participations hereunder in Letters of Credit
shall be held on a pro rata basis on the basis of their respective Revolving Credit Commitments (after giving effect to any increase in
the Revolving Credit Commitment pursuant to Section 2.22) and (B) the existing Revolving Lenders of the applicable Class shall
assign Revolving Loans to certain other Revolving Lenders of such Class (including the Revolving Lenders providing the relevant Incremental
Revolving Facility), and such other Revolving Lenders (including the Revolving Lenders providing the relevant Incremental Revolving Facility)
shall purchase such Revolving Loans, in each case to the extent necessary so that all of the Revolving Lenders of such Class participate
in each outstanding Borrowing of Revolving Loans pro rata on the basis of their respective Revolving Credit Commitments of such Class (after
giving effect to any increase in the Revolving Credit Commitment of such Class pursuant to this Section 2.22); it being
understood and agreed that the minimum borrowing, pro rata borrowing and pro rata payment requirements contained elsewhere in this Agreement
shall not apply to the transactions effected pursuant to this clause (i); and

 

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(ii)            if
such Incremental Revolving Facility establishes Revolving Credit Commitments of a new Class, then (A) the borrowing and repayment
of Revolving Loans with respect to any Revolving Facility after the effective date of such Incremental Revolving Facility may be made
on a pro rata basis or a non-pro rata basis with all other Revolving Facilities (it being understood that any Revolving Facility that
participates in borrowings on a pro rata basis with other Revolving Facilities shall participate in repayments on a pro rata basis with
such Revolving Facilities and that in the event of any Revolving Facility that must participate in borrowings on a less than pro rata
basis as compared to other Revolving Facilities, such Revolving Facility shall participate in repayments on a less than pro rata basis
as compared to such other Revolving Facilities (in each case, except, in any case, for (1) payments of interest and fees at different
rates on the Revolving Facilities (and related outstandings), (2) repayments required on the Maturity Date of any Revolving Facility
and (3) repayments made in connection with a permanent repayment and termination of the Revolving Credit Commitments under any Revolving
Facility (subject to clause (C) below))), (B) all Letters of Credit shall be participated on a pro rata basis by all
Revolving Lenders and (C) any permanent repayment of Revolving Loans with respect to, and reduction and termination of Revolving
Credit Commitments under, any Revolving Facility after the effective date of such Incremental Revolving Facility may be made with respect
to such Incremental Revolving Facility on a pro rata basis or a non-pro rata basis with all other Revolving Facilities (it being understood
that a Revolving Facility that participates in borrowings on a pro rata basis with other Revolving Facilities shall participate in permanent
repayments of Revolving Loans with respect to, and reduction and termination of Revolving Credit Commitments under, such Revolving Facility
on a pro rata basis with such other Revolving Facilities and that in the event of any Revolving Facility that must participate in borrowings
on a less than pro rata basis as compared to other Revolving Facilities, such Revolving Facility shall participate in permanent repayments
of Revolving Loans with respect to, and reduction and termination of Revolving Credit Commitments under, such other Revolving Facility
on a less than pro rata basis as compared to such other Revolving Facilities; provided that, in each case, notwithstanding the
foregoing, to the extent any such Revolving Commitments are terminated in full and refinanced or replaced with a Revolver Replacement
Facility or Replacement Debt, such Revolving Commitments may be terminated on a greater than pro rata basis).

 

(g)            On
the date of effectiveness of any Incremental Revolving Facility, the Letter of Credit Sublimit, as applicable, permitted hereunder shall
increase by an amount, if any, agreed upon by the Borrower, the Administrative Agent and the relevant Issuing Bank; it being understood
and agreed that the Borrower and any Lender providing any Incremental Revolving Facility may agree that such Lender will provide a portion
of the Letter of Credit Sublimit in excess of its Applicable Percentage thereof.

 

(h)            The
Lenders hereby irrevocably authorize the Administrative Agent to, and the Administrative Agent shall (without the consent of any Lender
(other than any Lender providing the applicable Incremental Facility)), enter into any Incremental Facility Amendment and/or any amendment
to any other Loan Document as may be necessary, appropriate or advisable in order to establish any Incremental Facility (including any
new Class or sub-Class in respect of Loans or commitments pursuant to this Section 2.22) including (i) technical
amendments as may be necessary, appropriate or advisable in the reasonable opinion of the Administrative Agent and the Borrower in connection
with the establishment of such new Classes or sub-Classes, in each case on terms consistent with this Section 2.22, (ii) 
if the Borrower and the Administrative Agent so agree, an extension of the period of time during which the fee payable in respect of the
Initial Term Loans pursuant to Section 2.12(f) applies and/or (iii) any other amendment contemplated by Section 9.02(d)(ii).
In addition, the Incremental Facility Amendment with respect to any Incremental Term Facility may, without the consent of any Lender (other
than any Lender providing such Incremental Term Loans) or the Administrative Agent, include such amendments to this Agreement as may be
necessary, appropriate or advisable as reasonably determined by the Administrative Agent and the Borrower to make the applicable Incremental
Term Loans “fungible” with the relevant existing Class of Term Loans (including by modifying the amortization schedule
and/or extending the time period during which any prepayment premium applies).

 

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(i)            This
Section 2.22 shall supersede any provision in Section 2.18 or 9.02 to the contrary.

 

Section 2.23.         Extensions
of Loans and Revolving Credit Commitments.

 

(a)            Notwithstanding
anything to the contrary in this Agreement, pursuant to one or more offers (each, an “Extension Offer”) made from time
to time by the Borrower to all Lenders holding Loans of any Class or Commitments of any Class, in each case on a pro rata basis (based
on the aggregate outstanding principal amount of the respective Loans or Commitments of such Class) and on the same terms to each such
Lender, the Borrower is hereby permitted to consummate transactions with any individual Lender who accepts the terms contained in the
relevant Extension Offer to extend the Maturity Date of all or a portion of such Lender’s Loans and/or Commitments of such Class and
otherwise modify the terms of all or a portion of such Loans and/or Commitments pursuant to the terms of the relevant Extension Offer
(including by increasing the interest rate or fees payable in respect of such Loans and/or Commitments (and related outstandings) and/or
modifying the amortization schedule, if any, in respect of such Loans) (each, an “Extension”; it being understood that
any Extended Term Loans shall constitute a separate Class of Loans from the Class of Loans from which they were converted and
any Extended Revolving Credit Commitments shall constitute a separate Class of Revolving Credit Commitments from the Class of
Revolving Credit Commitments from which they were converted), so long as the following terms are satisfied:

 

(i)            except
as to (A) currency, pricing (including any “MFN” or other pricing terms), interest rate margins, rate floors, fees, premium
(including prepayment premiums), funding discounts, maturity and amortization (which shall, subject to immediately succeeding clause
(iii) and to the extent applicable, be determined by the Borrower and any Lender who agrees to an Extension of its Revolving
Credit Commitments and set forth in the relevant Extension Offer), (B) terms applicable to such Extended Revolving Credit Commitments
or Extended Revolving Loans (each as defined below) that are, taken as a whole, in the good faith determination of the Borrower, more
favorable to the lenders or the agent of such Extended Revolving Credit Commitments or Extended Revolving Loans than those contained in
the Loan Documents and are then conformed (or added) to the Loan Documents for the benefit of the Revolving Lenders or, as applicable,
the Administrative Agent (i.e., by conforming or adding a term to the then-outstanding Revolving Loans pursuant to the applicable
Extension Amendment), (C) terms, taken as a whole, that reflect then current market terms and conditions, taken as a whole, at the
time of incurrence or issuance (as determined by the Borrower) and (D) any covenants or other provisions applicable only to periods
after the Latest Revolving Credit Maturity Date, the Revolving Credit Commitment of any Lender who agrees to an extension with respect
to such Commitment (an “Extended Revolving Credit Commitment”; and the Loans thereunder, “Extended Revolving
Loans”), and the related outstandings, shall constitute a revolving commitment (or related outstandings, as the case may be)
with substantially consistent terms (or terms not less favorable to existing Lenders) as the Class of Revolving Credit Commitments
subject to the relevant Extension Offer (and related outstandings) provided hereunder; provided that to the extent more than one
Revolving Facility exists after giving effect to any such Extension, (x) the borrowing and repayment of Revolving Loans with respect
to any Revolving Facility after the effective date of such Extended Revolving Credit Commitments shall be made on a pro rata basis or
a non-pro rata basis with all other Revolving Facilities (it being understood that any Revolving Facility that participates in borrowings
on a pro rata basis with other Revolving Facilities shall participate in repayments on a pro rata basis with such Revolving Facilities
and that in the event of any Revolving Facility that must participate in borrowings on a less than pro rata basis as compared to other
Revolving Facilities, such Revolving Facility shall participate in repayments on a less than pro rata basis as compared to such other
Revolving Facilities (in each case, except, in any case, for (1) payments of interest and fees at different rates on the Revolving
Facilities (and related outstandings), (2) repayments required on the Maturity Date of any Revolving Facility and (3) repayments
made in connection with a permanent repayment and termination of the Revolving Credit Commitments under any Revolving Facility (subject
to clause (z) below))), (y) all Letters of Credit shall be participated on a pro rata basis by all Revolving Lenders
and (z) any permanent repayment of Revolving Loans with respect to, and reduction or termination of Revolving Credit Commitments
under, any Revolving Facility after the effective date of such Extended Revolving Credit Commitments shall be made on a pro rata basis
or a non-pro rata basis with all other Revolving Facilities (it being understood that a Revolving Facility that participates in borrowings
on a pro rata basis with other Revolving Facilities shall participate in permanent repayments of Revolving Loans with respect to, and
reduction and termination of revolving Credit Commitments under, such Revolving Facility on a pro rata basis with such other Revolving
Facilities and that in the event of any Revolving Facility that must participate in borrowings on a less than pro rata basis as compared
to other Revolving Facilities, such other Revolving Facility shall participate in permanent repayments of Revolving Loans with respect
to, and reduction and termination of Revolving Credit Commitments under, such Revolving Facility on a less than pro rata basis as compared
to such other Revolving Facilities; provided in each case, that notwithstanding the foregoing, to the extent any such Revolving
Commitments are terminated in full and refinanced or replaced with a Revolver Replacement Facility or Replacement Debt, such Revolving
Commitments may be terminated on a greater than pro rata basis);

 

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(ii)           except
as to (A) currency, pricing (including any “MFN” or other pricing term), interest rate margins, rate floors, fees, funding
discounts, amortization, final maturity date, premium (including prepayment premiums), required prepayment dates and participation in
prepayments (which shall, subject to immediately succeeding clauses (iii), (iv) and (v), be determined by the
Borrower and any Lender who agrees to an Extension of its Term Loans and set forth in the relevant Extension Offer), (B) terms applicable
to such Extended Term Loans (as defined below) that are, taken as a whole, in the good faith determination of the Borrower, more favorable
to the lenders or the agent of such Extended Term Loans than those contained in the Loan Documents applicable to the relevant Term Loans
and are then conformed (or added) to the Loan Documents for the benefit of the Term Lenders in respect of such Term Loans or, as applicable,
the Administrative Agent (i.e., by conforming or adding a term to the then-outstanding Term Loans of the applicable Class pursuant
to the applicable Extension Amendment), (C) terms, taken as a whole, that reflect then current market terms and conditions, taken
as a whole, at the time of incurrence or issuance (as determined by the Borrower) and (D) any covenant or other provision applicable
only to any period after the Latest Term Loan Maturity Date (in each case, as of the date of such Extension), the Term Loans of any Lender
extended pursuant to any Extension (any such extended Term Loans, the “Extended Term Loans”) shall have substantially
consistent terms (or terms not less favorable to existing Lenders) as the tranche of Term Loans subject to the relevant Extension Offer;

 

(iii)          (x) the
final maturity date of any Extended Term Loans may be no earlier than the then applicable Latest Term Loan Maturity Date at the time of
Extension and (y) no Extended Revolving Credit Commitments or Extended Revolving Loans may have a final maturity date earlier than
(or require commitment reductions prior to) the Latest Revolving Credit Maturity Date;

 

(iv)          the
Weighted Average Life to Maturity of any Class of Extended Term Loans shall be no shorter than the remaining Weighted Average Life
to Maturity of any then-existing Term Loans;

 

(v)           subject
to clauses (iii) and (iv) above, any Extended Term Loans may otherwise have an amortization schedule as determined
by the Borrower and the Lenders providing such Extended Term Loans;

 

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(vi)         any
Class of Extended Term Loans may participate (A) in any voluntary prepayment of Term Loans as set forth in Section 2.11(a)(i) and
(B) in any mandatory prepayment of Term Loans as set forth in Section 2.11(b)(vi), in each case, to the extent provided
in such Sections;

 

(vii)         if
the aggregate principal amount of Loans or Commitments, as the case may be, in respect of which Lenders have accepted the relevant Extension
Offer exceed the maximum aggregate principal amount of Loans or Commitments, as the case may be, offered to be extended by the Borrower
pursuant to such Extension Offer, then the Loans or Commitments, as the case may be, of such Lenders shall be extended ratably up to such
maximum amount based on the respective principal amounts (but not to exceed the applicable Lender’s actual holdings of record) with
respect to which such Lenders have accepted such Extension Offer;

 

(viii)        unless
the Administrative Agent otherwise agrees, any Extension must be in a minimum amount of $5,000,000;

 

(ix)          any
applicable Minimum Extension Condition must be satisfied or waived by the Borrower;

 

(x)           any
documentation in respect of any Extension shall be consistent with the foregoing; and

 

(xi)          no
Extension of any Revolving Facility shall be effective as to the obligations of any Issuing Bank with respect to Letters of Credit without
the consent of such Issuing Bank (such consents not to be unreasonably withheld or delayed) (and, in the absence of such consent, all
references herein to Latest Revolving Credit Maturity Date shall be determined, when used in reference to such Issuing Bank, as applicable,
without giving effect to such Extension).

 

(b)            (i) No
Extension consummated in reliance on this Section 2.23 shall constitute a voluntary or mandatory prepayment for purposes of
Section 2.11, (ii) the scheduled amortization payments (insofar as such schedule affects payments due to Lenders participating
in the relevant Class) set forth in Section 2.10 shall be adjusted to give effect to any Extension of any Class of Loans
and/or Commitments and (iii) except as set forth in clause (a)(viii) above, no Extension Offer is required to be in any
minimum amount or any minimum increment; provided that the Borrower may at its election specify as a condition (a “Minimum
Extension Condition”) to the consummation of any Extension that a minimum amount (to be specified in the relevant Extension
Offer in the Borrower’s sole discretion) of Loans or Commitments (as applicable) of any or all applicable tranches be tendered;
it being understood that the Borrower may, in its sole discretion, waive any such Minimum Extension Condition. The Administrative Agent
and the Lenders hereby consent to the transactions contemplated by this Section 2.23 (including, for the avoidance of doubt,
the payment of any interest, fees or premium in respect of any Extended Term Loans and/or Extended Revolving Credit Commitments on such
terms as may be set forth in the relevant Extension Offer) and hereby waive the requirements of any provision of this Agreement (including
Sections 2.10, 2.11 and/or 2.18) or any other Loan Document that may otherwise prohibit any such Extension or any
other transaction contemplated by this Section.

 

(c)            Subject
to any consent required under Section 2.23(a)(xi), no consent of any Lender or the Administrative Agent shall be required
to effectuate any Extension, other than the consent of each Lender agreeing to such Extension with respect to one or more of its Loans
and/or Commitments of any Class (or a portion thereof). All Extended Term Loans and Extended Revolving Credit Commitments and all
obligations in respect thereof shall constitute Secured Obligations under this Agreement and the other Loan Documents that are secured
by the Collateral and guaranteed on a pari passu basis with all other applicable Secured Obligations under this Agreement and the
other Loan Documents. The Lenders hereby irrevocably authorize the Administrative Agent to enter into any Extension Amendment and any
amendment to any of the other Loan Documents with the Loan Parties as may be necessary in order to establish new Classes or sub-Classes
in respect of Loans or Commitments so extended and such technical amendments as may be necessary or appropriate in the reasonable opinion
of the Administrative Agent and the Borrower in connection with the establishment of such new Classes or sub-Classes, in each case on
terms consistent with this Section 2.23.

 

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(d)            In
connection with any Extension, the Borrower shall provide the Administrative Agent at least five Business Days’ (or such shorter
period as may be agreed by the Administrative Agent) prior written notice thereof, and shall agree to such procedures (including regarding
timing, rounding and other adjustments and to ensure reasonable administrative management of the credit facilities hereunder after such
Extension), if any, as may be established by, or acceptable to, the Administrative Agent, in each case acting reasonably to accomplish
the purposes of this Section 2.23.

 

ARTICLE 3

 

REPRESENTATIONS AND WARRANTIES

 

On the dates and to the extent
required pursuant to Sections 4.01 or 4.02, as applicable, the Borrower hereby represents and warrants to the Lenders, the
Issuing Banks and the Administrative Agent that:

 

Section 3.01.         Organization;
Powers. Holdings, the Borrower and each of its Restricted Subsidiaries (a) is (i) duly organized or incorporated (as applicable)
and validly existing and (ii) in good standing (to the extent such concept exists in the relevant jurisdiction) under the Requirements
of Law of its jurisdiction of organization, (b) has all requisite organizational power and authority to own its assets and to carry
on its business as now conducted and (c) is qualified to do business in, and is in good standing (to the extent such concept exists
in the relevant jurisdiction) in, every jurisdiction where the ownership, lease or operation of its properties or conduct of its business
requires such qualification, except, in each case referred to in this Section 3.01 (other than clause (a)(i) and
clause (b), in each case, with respect to the Borrower) where the failure to do so, individually or in the aggregate, would not
reasonably be expected to result in a Material Adverse Effect.

 

Section 3.02.         Authorization;
Enforceability. The execution, delivery and performance by each Loan Party of each Loan Document to which such Loan Party is a party
(a) are within such Loan Party’s corporate or other organizational power and (b) have been duly authorized by all necessary
corporate or other organizational action of such Loan Party. Each Loan Document to which any Loan Party is a party has been duly executed
and delivered by such Loan Party and is a legal, valid and binding obligation of such Loan Party, enforceable in accordance with its terms,
subject to the Legal Reservations.

 

Section 3.03.         Governmental
Approvals; No Conflicts. The execution and delivery of each Loan Document by each Loan Party party thereto and the performance by
such Loan Party of its obligations thereunder (a) do not require any consent or approval of, registration or filing with, or any
other action by, any Governmental Authority, except (i) such as have been obtained or made and are in full force and effect, (ii) in
connection with the Perfection Requirements and (iii) such consents, approvals, registrations, filings, or other actions the failure
to obtain or make which would not be reasonably expected to have a Material Adverse Effect, (b) will not violate any (i) of
such Loan Party’s Organizational Documents or (ii) Requirement of Law applicable to such Loan Party which violation, in the
case of this clause (b)(ii), would reasonably be expected to have a Material Adverse Effect and (c) will not violate or result
in a default under any material Contractual Obligation to which such Loan Party is a party which violation, in the case of this clause
(c), would reasonably be expected to result in a Material Adverse Effect.

 

Section 3.04.         Financial
Condition; No Material Adverse Effect.

 

(a)            The
financial statements most recently provided pursuant to Section 5.01(a) or (b), as applicable, present fairly,
in all material respects, the financial position and results of operations and cash flows of the Borrower on a consolidated basis as of
such dates and for such periods in accordance with GAAP, (i) except as otherwise expressly noted herein, (ii) subject, in the
case of quarterly financial statements, to the absence of footnotes and normal year-end adjustments and (iii) if applicable, except
as may be necessary to reflect any differing entities and/or organizational structure prior to giving effect to the Transactions.

 

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(b)            Since
the Closing Date, there have been no events, developments or circumstances that have had, or would reasonably be expected to have, individually
or in the aggregate, a Material Adverse Effect that is continuing.

 

Section 3.05.         Properties.

 

(a)            As
of the Closing Date, Schedule 3.05 sets forth the address of each Real Estate Asset (or each set of such assets that collectively
comprise one operating property) that is owned in fee simple by any Loan Party.

 

(b)            Holdings,
the Borrower and each of its Restricted Subsidiaries have good and valid fee simple title to or rights to purchase, or valid leasehold
interests in, or easements or other limited property interests in, all of their respective Real Estate Assets and have good and valid
title to their personal property and assets, including the Collateral, in each case, except (i) for defects in title that do not
materially interfere with their ability to conduct their business as currently conducted or to utilize such properties and assets for
their intended purposes, (ii) for any Lien permitted under Section 6.02 hereof, or (iii) where the failure to have
such title would not reasonably be expected to have a Material Adverse Effect.

 

(c)            Holdings,
the Borrower and its Restricted Subsidiaries own or otherwise have a license or right to use all rights in Patents, Trademarks, Copyrights
and other rights in works of authorship (including all copyrights embodied in software) and all other intellectual property rights (“IP
Rights”) that are reasonably necessary to conduct their respective businesses as presently conducted without, to the knowledge
of the Borrower, any infringement or misappropriation of the IP Rights of third parties, except to the extent the failure to own or license
or have rights to use would not, or where such infringement or misappropriation would not reasonably be expected to have, individually
or in the aggregate, a Material Adverse Effect.

 

Section 3.06.         Litigation
and Environmental Matters.

 

(a)            There
are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending against or, to the knowledge of the
Borrower, threatened in writing against or affecting Holdings, the Borrower or any of its Restricted Subsidiaries which would reasonably
be expected, individually or in the aggregate, to result in a Material Adverse Effect.

 

(b)            Except
for any matters that, individually or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect, (i) neither
Holdings, the Borrower nor any of its Restricted Subsidiaries is subject to, or has received notice of, any Environmental Claim or Environmental
Liability or knows of any basis for any Environmental Liability or Environmental Claim of Holdings, the Borrower or any of its Restricted
Subsidiaries and (ii) neither Holdings, the Borrower nor any of its Restricted Subsidiaries has failed to comply with any Environmental
Law or to obtain, maintain or comply with any Governmental Authorization, permit, license or other approval required under any Environmental
Law.

 

(c)            Neither
Holdings, the Borrower nor any of its Restricted Subsidiaries has treated, stored, transported or Released any Hazardous Materials on,
at, under or from any currently or formerly owned, leased or operated real estate or facility in a manner that would reasonably be expected
to have a Material Adverse Effect.

 

Section 3.07.         Compliance
with Laws. Each of Holdings, the Borrower and each of its Restricted Subsidiaries is in compliance with all Requirements of Law applicable
to it or its property, except, in each case where the failure to do so, individually or in the aggregate, would not reasonably be expected
to result in a Material Adverse Effect; it being understood and agreed that this Section 3.07 shall not apply to the Requirements
of Law covered by Section 3.17 below.

 

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Section 3.08.         Investment
Company Status. No Loan Party is an “investment company” as defined in, or is required to be registered under, the Investment
Company Act of 1940.

 

Section 3.09.         Taxes.
Each of Holdings, the Borrower and each of its Restricted Subsidiaries has timely filed or caused to be filed all Tax returns and reports
required to have been filed and has paid or caused to be paid all Taxes required to have been paid by it that are due and payable (including
in its capacity as a withholding agent), except (a) Taxes that are not required to be paid in accordance with Section 5.03,
(b) Taxes (or any requirement to file Tax returns with respect thereto) that are being contested in good faith by appropriate proceedings
and for which Holdings, the Borrower or such Restricted Subsidiary, as applicable, has set aside on its books adequate reserves in accordance
with GAAP or (c) to the extent that the failure to do so, individually or in the aggregate, would not reasonably be expected to result
in a Material Adverse Effect.

 

Section 3.10.         ERISA.

 

(a)            Each
Plan is in compliance in form and operation with its terms and with ERISA and the Code and all other applicable Requirements of Law, except
where any failure to comply would not reasonably be expected to result in a Material Adverse Effect.

 

(b)            In
the five-year period prior to the date on which this representation is made or deemed made, no ERISA Event has occurred and is continuing
that, when taken together with all other such ERISA Events for which liability is reasonably expected to occur, would reasonably be expected
to result in a Material Adverse Effect.

 

Section 3.11.         Disclosure.

 

(a)            As
of the Closing Date, with respect to information relating to the Borrower and its subsidiaries, to the knowledge of the Borrower, all
written information (other than the Projections, forecasts, financial estimates, other forward-looking information and/or projected information,
information of a general economic or industry-specific nature and/or any third party report and/or memorandum (but not the written information
(other than Projections, forecasts, financial estimates, other forward looking information and/or projected information and/or general
economic or industry-specific information) on which such third party report and/or memorandum was based, if such written information was
provided to any Initial Lender, any Arranger or the Administrative Agent)) concerning Holdings, the Borrower and its subsidiaries that
was prepared by or on behalf of Holdings, the Borrower or its subsidiaries or their respective representatives and made available to any
Initial Lender, any Arranger or the Administrative Agent in connection with the Transactions on or before the Closing Date (collectively,
the “Information”), when taken as a whole, did not, when furnished, contain any untrue statement of a material fact
or omit to state a material fact necessary in order to make the statements contained therein not materially misleading in light of the
circumstances under which such statements were made (after giving effect to all supplements and updates thereto from time to time).

 

(b)            As
of the Closing Date, the Projections have been prepared in good faith based upon assumptions believed by the Borrower to be reasonable
at the time furnished (it being recognized that such Projections are not to be viewed as facts and are subject to significant uncertainties
and contingencies (and such uncertainties and contingencies may be exacerbated by the current environment, including the rapidly evolving
nature of the global Coronavirus (COVID-19) pandemic and the related impact thereof on, among other things, the global macro economy,
the industry in which we operate and our business) many of which are beyond the Borrower's control, that no assurance can be given that
any particular financial projections will be realized, that actual results may differ from projected results and that such differences
may be material).

 

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Section 3.12.         Solvency.
As of the Closing Date, after giving effect to the Transactions and the incurrence of the Indebtedness and obligations being incurred
in connection with this Agreement on the Closing Date, (i) the sum of the debt (including contingent liabilities) of the Borrower
and its Restricted Subsidiaries, taken as a whole, does not exceed the fair value of the assets of the Borrower and its Restricted Subsidiaries,
taken as a whole, (ii) the capital of the Borrower and its Restricted Subsidiaries, taken as a whole, is not unreasonably small in
relation to the business of the Borrower and its Restricted Subsidiaries, taken as a whole, contemplated as of the Closing Date; and (iii) the
Borrower and its Restricted Subsidiaries, taken as a whole, do not intend to incur, or believe that they will incur, debts (including
current obligations and contingent liabilities) beyond their ability to pay such debts as they mature in accordance with their terms.
For purposes of this Section 3.12, (A) it is assumed that the Indebtedness and other obligations under the Credit Facilities
and the Second Lien Facility will come due at their respective maturities and (B) the amount of any contingent liability at any time
shall be computed as the amount that, in light of all of the facts and circumstances existing at such time, represents the amount that
can reasonably be expected to become an actual or matured liability.

 

Section 3.13.         Subsidiaries.
Schedule 3.13 sets forth, in each case as of the Closing Date, (a) a correct and complete list of the name of Holdings, the
Borrower, each subsidiary of the Borrower and the ownership interest therein held by Holdings, the Borrower or its applicable subsidiary,
and (b) the type of entity of Holdings, the Borrower and each of its subsidiaries.

 

Section 3.14.         Security
Interest in Collateral. Subject to the terms of the final paragraph of Section 4.01, the Legal Reservations, the Perfection
Requirements and the provisions, limitations and/or exceptions set forth in this Agreement and/or any other Loan Document, the Collateral
Documents create legal, valid and enforceable Liens on all of the Collateral in favor of the Administrative Agent, for the benefit of
itself and the other Secured Parties, and upon the satisfaction of the applicable Perfection Requirements and/or any other perfection
action required under the terms of any Loan Document, such Liens constitute perfected Liens (with the priority that such Liens are expressed
to have under the relevant Collateral Documents, unless otherwise permitted hereunder or under any Collateral Document) on the Collateral
(to the extent such Liens are then required to be perfected under the terms of the Loan Documents) securing the Secured Obligations, in
each case as and to the extent set forth therein.

 

For the avoidance of doubt,
notwithstanding anything herein or in any other Loan Document to the contrary, neither the Borrower nor any other Loan Party makes any
representation or warranty as to (A) the effect of perfection or non-perfection, the priority or the enforceability of any pledge
of or security interest in the Capital Stock held by any Loan Party in any Person organized under the laws of any jurisdiction other than
the jurisdiction in which such Loan Party is organized, or as to the rights and remedies of the Administrative Agent or any Lender with
respect thereto, under the Requirements of Law of any jurisdiction other than the jurisdiction in which such Loan Party is organized,
(B) the enforcement of any security interest, or right or remedy with respect to any Collateral that may be limited or restricted
by, or require any consent, authorization approval or license under, any Requirement of Law or (C) on the Closing Date and until
required pursuant to Section 5.12, the pledge or creation of any security interest, or the effects of perfection or non-perfection,
the priority or enforceability of any pledge or security interest to the extent the same is not required on the Closing Date.

 

Section 3.15.         Labor
Disputes. Except as individually or in the aggregate would not reasonably be expected to have a Material Adverse Effect, (a) there
are no strikes, lockouts or slowdowns against Holdings, the Borrower or any of its Restricted Subsidiaries pending or, to the knowledge
of Holdings, the Borrower or any of its Restricted Subsidiaries, threatened and (b) the hours worked by and payments made to employees
of Holdings, the Borrower and its Restricted Subsidiaries have not been in violation of the Fair Labor Standards Act or any other applicable
Requirement of Law dealing with such matters.

 

Section 3.16.         Federal
Reserve Regulations. No part of the proceeds of any Loan or any Letter of Credit have been used, whether directly or indirectly, and
whether immediately, incidentally or ultimately, for any purpose that results in a violation of the provisions of Regulation U.

 

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Section 3.17.         OFAC;
PATRIOT ACT and FCPA.

 

(a)            (i) None
of Holdings, the Borrower nor any of its Restricted Subsidiaries nor, to the knowledge of the Borrower, any director, officer or employee
of any of the foregoing is subject to any US sanctions administered by the Office of Foreign Assets Control of the US Treasury Department
(“OFAC”); and (ii) the Borrower will not directly or, to its knowledge, indirectly, use the proceeds of the Loans
or Letters of Credit or otherwise make available such proceeds to any Person for the purpose of financing the activities of any Person
that is subject to any US sanction administered by OFAC, except to the extent licensed or otherwise approved by OFAC or in compliance
with applicable exemptions, licenses or other approvals.

 

(b)            To
the extent applicable, each Loan Party is in compliance, in all material respects, with the USA PATRIOT Act.

 

(c)            Neither
Holdings, the Borrower nor any of its Restricted Subsidiaries nor, to the knowledge of the Borrower, any director, officer, agent (solely
to the extent acting in its capacity as an agent for Holdings, the Borrower or any of its subsidiaries) or employee of Holdings, the Borrower
or any Restricted Subsidiary, has taken any action, directly or, to its knowledge, indirectly, that would result in a material violation
by any such Person of the U.S. Foreign Corrupt Practices Act of 1977, as amended (the “FCPA”), including, without limitation,
making any offer, payment, promise to pay or authorization or approval of the payment of any money, or other property, gift, promise to
give or authorization of the giving of anything of value, directly or indirectly, to any “foreign official” (as such term
is defined in the FCPA) or any foreign political party or official thereof or any candidate for foreign political office, in each case
in contravention of the FCPA; and (ii) the Borrower has not directly or, to its knowledge, indirectly, used the proceeds of the Loans
or Letters of Credit or otherwise made available such proceeds to any governmental official or employee, political party, official of
a political party, candidate for public office or anyone else acting in an official capacity, in order to obtain, retain or direct business
or obtain any improper advantage in violation of the FCPA.

 

The representations and warranties
set forth in Section 3.17 above made by or on behalf of any Foreign Subsidiary are subject to and limited by any Requirement
of Law applicable to such Foreign Subsidiary; it being understood and agreed that to the extent that any Foreign Subsidiary is unable
to make any such representation or warranty set forth in Section 3.17 as a result of the application of this sentence, such
Foreign Subsidiary shall be deemed to have represented and warranted that it is in compliance, in all material respects, with any equivalent
Requirement of Law relating to anti-terrorism, anti-corruption or anti-money laundering that is applicable to such Foreign Subsidiary
in its relevant local jurisdiction of organization.

 

ARTICLE 4

 

CONDITIONS

 

Section 4.01.         Closing
Date. The obligations of (i) each Lender to make Loans and (ii) any Issuing Bank to issue Letters of Credit, in each case,
on the Closing Date, shall not become effective until the date on which each of the following conditions is satisfied (or waived in accordance
with Section 9.02):

 

(a)            Credit
Agreement and Loan Documents. The Administrative Agent (or its counsel) shall have received from the Borrower and each Loan Party,
to the extent party thereto, (i) a counterpart signed by the Borrower or such Loan Party (or written evidence reasonably satisfactory
to the Administrative Agent (which may include a copy transmitted by facsimile or other electronic method) that such party has signed
a counterpart) of (A) this Agreement and the Initial Intercreditor Agreement and (B) each Promissory Note requested by a Lender
at least three Business Days prior to the Closing Date and (ii) a Borrowing Request as required by Section 2.03.

 

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(b)            Legal
Opinions. The Administrative Agent (or its counsel) shall have received, on behalf of itself, the Lenders and each Issuing Bank on
the Closing Date, (i) a customary written opinion of Weil, Gotshal & Manges LLP, in its capacity as special counsel for
Holdings and the Loan Parties and (ii) customary written opinions of local counsel to the Loan Parties organized in the jurisdictions
set forth on Schedule 4.01(b), each dated the Closing Date and addressed to the Administrative Agent, the Lenders and each Issuing
Bank.

 

(c)            Financial
Statements. The Administrative Agent shall have received:

 

(i)            the
audited consolidated balance sheet of the Borrower for the Fiscal Year ended on January 2, 2021 and the audited consolidated statements
of income and cash flows of the Borrower for the Fiscal Year then ended; and

 

(ii)           the
unaudited consolidated balance sheet and the unaudited consolidated statements of income and cash flows of the Borrower for the Fiscal
Quarter ended on April 3, 2021.

 

(iii)          a
pro forma consolidated balance sheet and the related consolidated statement of income for the Borrower as of and for, as applicable, the
12-month period ended April 3, 2021, prepared in good faith after giving effect to the Transactions as if the Transactions had occurred
as of such date (in the case of such balance sheet) or at the beginning of such period (in the case of such statement of income); provided
that it is understood and agreed that the pro forma financial statements required by this clause (c)(iii) shall not be required
to include adjustments for purchase accounting (including adjustments of the type contemplated by Financial Accounting Standards Board
Accounting Standard Codification 805, Business Combinations (formerly SFAS 141R));

 

(d)            Secretary’s
Certificate and Good Standing Certificates of Loan Parties. The Administrative Agent (or its counsel) shall have received:

 

(i)            a
certificate of each Loan Party on the Closing Date, dated the Closing Date and executed by a Responsible Officer, which shall:

 

(A)      certify
that attached thereto is a true and complete copy of the resolutions, written consents or extracts of minutes of a meeting, as applicable,
of its board of directors, board of managers, supervisory board, shareholders, members or other governing body (as the case may be and
in each case, to the extent required) authorizing the execution, delivery and performance of the Loan Documents to which it is a party
and, in the case of the Borrower, the borrowings hereunder, and that such resolutions or written consents have not been modified, rescinded
or amended and are in full force and effect,

 

(B)       identify
by name and title and bear the signatures of the Responsible Officer or authorized signatory of such Loan Party on the Closing Date that
is authorized to sign the Loan Documents to which it is a party on the Closing Date, as applicable, and

 

(C)       certify
(I) that attached thereto is a true and complete copy of the certificate or articles of incorporation or organization (or memorandum
of association, articles of association or other equivalent thereof) of each Loan Party on the Closing Date (certified by the relevant
authority of the jurisdiction of organization of such Loan Party) and a true and correct copy of its by-laws or operating, management,
partnership or similar agreement (to the extent applicable) and (II) that such documents or agreements have not been amended (except
as otherwise attached to such certificate and certified therein as being the only amendments thereto as of such date), and

 

(ii)           a
good standing certificate (or equivalent), dated as of a recent date for each such Loan Party from the relevant office of its jurisdiction
of organization (to the extent available in the jurisdiction of organization of such Loan Party).

 

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(e)            Representations
and Warranties. The representations and warranties of the Loan Parties set forth in this Agreement and the other Loan Documents shall
be true and correct in all material respects on and as of the Closing Date; provided, that (i) to the extent that any representation
and warranty specifically refers to a given date or period, it shall be true and correct in all material respects as of such date or for
such period and (ii) to the extent that any representation and warranty is qualified by or subject to a “material adverse effect”,
 “material adverse change” or similar term or qualification, the same shall be true and correct in all respects.

 

(f)            Fees.
Prior to or substantially concurrently with the funding of the Initial Term Loans hereunder, the Administrative Agent shall have received
(i) all fees required to be paid by the Borrower on the Closing Date pursuant to the Engagement Letter and/or Fee Letter and (ii) all
expenses required to be paid by the Borrower for which invoices have been presented at least three Business Days prior to the Closing
Date or such later date to which the Borrower may agree (including the reasonable fees and expenses of legal counsel required to be paid),
in each case on or before the Closing Date, which amounts may be offset against the proceeds of the Loans.

 

(g)            Closing
Date Refinancing. Substantially concurrently with the initial funding of the Loans hereunder, including by use of the proceeds thereof,
the Closing Date Refinancing shall be consummated and the Administrative Agent shall have received a customary payoff letter providing
for the release of liens securing the obligations under the Existing Credit Agreement (to the extent required by the definition of “Closing
Date Refinancing”) upon the consummation of the Closing Date Refinancing.

 

(h)            No
Default or Event of Default. At the time of and immediately after giving effect to the making of the Loans to be made on the Closing
Date, no Default or Event of Default has occurred and is continuing.

 

(i)            Solvency.
The Administrative Agent (or its counsel) shall have received a certificate in substantially the form of Exhibit P from a
Responsible Officer of the Borrower dated as of the Closing Date and certifying as to the matters set forth therein.

 

(j)            Perfection
Certificate. The Administrative Agent (or its counsel) shall have received a completed Perfection Certificate dated the Closing Date
and signed by a Responsible Officer of the Borrower, together with all attachments contemplated thereby.

 

(k)            Filings
Registrations and Recordings. Subject to the final paragraph of this Section 4.01 and except as may otherwise be agreed
by the Administrative Agent, the requirements set forth in clause (a) of the definition of “Collateral and Guarantee
Requirement” shall be satisfied.

 

(l)            Second
Lien Credit Agreement. The “Loan Documents” (as defined in the Second Lien Credit Agreement) required by the terms of
the Second Lien Credit Agreement to be executed on the Closing Date shall have been, or substantially concurrently with the making of
the Loans hereunder on the Closing Date shall be, duly executed and delivered by each Loan Party that is party thereto.

 

(m)            Material
Adverse Effect. Since January 2, 2021, there shall not have occurred a Material Adverse Effect.

 

(n)            USA
PATRIOT Act. No later than three Business Days in advance of the Closing Date, the Administrative Agent shall have received all documentation
and other information reasonably requested with respect to any Loan Party in writing by any Initial Lender at least 10 Business Days in
advance of the Closing Date, which documentation or other information is required by regulatory authorities under applicable “know
your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act.

 

(o)            Beneficial
Ownership Certification. To the extent the Borrower qualifies as a “legal entity customer” under the Beneficial Ownership
Regulation, no later than three Business Days in advance of the Closing Date, the Administrative Agent shall have received a Beneficial
Ownership Certification in relation to the Borrower to the extent reasonably requested by it at least 10 Business Days in advance of the
Closing Date.

 

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(p)            Officer’s
Certificate. The Administrative Agent shall have received a certificate from a Responsible Officer of the Borrower certifying the
satisfaction of the conditions precedent set forth in Sections 4.01(e), (h) and (m).

 

For purposes of determining
whether the conditions specified in this Section 4.01 have been satisfied on the Closing Date, by funding the Loans hereunder
or issuing a Letter of Credit on the Closing Date, the Administrative Agent, each Lender and each Issuing Bank, as applicable, shall be
deemed to have consented to, approved or accepted, or to be satisfied with, each document or other matter required hereunder to be consented
to or approved by or acceptable or satisfactory to the Administrative Agent, such Lender or such Issuing Bank, as the case may be.

 

Notwithstanding the foregoing,
to the extent that the Lien on any Collateral is not or cannot be created or perfected on the Closing Date (other than, to the extent
required herein or in the other Loan Documents, the creation and perfection of a Lien on Collateral that is of the type that may be perfected
by the filing of a Form UCC-1 financing statement under the UCC), then the creation and/or perfection of such Lien shall not constitute
a condition precedent to the availability or initial funding of the Term Facility on the Closing Date, but may instead be delivered or
perfected within the time period set forth in Section 5.15 (or such later date as the Administrative Agent may reasonably
agree).

 

Section 4.02.         Each
Credit Extension. After the Closing Date, the obligation of each Revolving Lender and each Issuing Bank to make any Credit Extension
is subject to the satisfaction of the following conditions:

 

(a)            (i) In
the case of any Borrowing, the Administrative Agent shall have received a Borrowing Request as required by Section 2.03 or
(ii) in the case of the issuance of any Letter of Credit, the applicable Issuing Bank and the Administrative Agent shall have received
a Letter of Credit Request.

 

(b)            The
representations and warranties of the Loan Parties set forth in this Agreement and the other Loan Documents shall be true and correct
in all material respects on and as of the date of any such Credit Extension with the same effect as though such representations and warranties
had been made on and as of the date of such Credit Extension; provided, that to the extent that any representation and warranty
specifically refers to a given date or period, it shall be true and correct in all material respects as of such date or for such period;
provided, further, that, any representation and warranty that is qualified as to “materiality,” “Material
Adverse Effect” or similar language shall be true and correct (after giving effect to any qualification therein) in all respects
on such respective dates or for such periods.

 

(c)            At
the time of and immediately after giving effect to the applicable Credit Extension, no Default or Event of Default has occurred and is
continuing.

 

Each Credit Extension after
the Closing Date shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to the matters specified
in paragraphs (b) and (c) of this Section; provided, however, that, for the avoidance of doubt,
the conditions set forth in this Section 4.02 shall not apply to (A) any Incremental Loan and/or (B) any Credit
Extension under any Refinancing Amendment and/or Extension Amendment, unless, in each case, the lenders in respect thereof have required
satisfaction of the same in the applicable Incremental Facility Amendment, Refinancing Amendment or Extension Amendment, as applicable.

 

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ARTICLE 5

 

AFFIRMATIVE COVENANTS

 

From the Closing Date until
the date on which all Revolving Credit Commitments have expired or terminated and the principal of and interest on each Loan and all fees,
expenses and other amounts payable under any Loan Document (other than contingent indemnification obligations for which no claim or demand
has been made) have been paid in full in the manner prescribed by Section 2.18 and all Letters of Credit have expired or have
been terminated (or have been made subject to Letter of Credit Support) and all LC Disbursements have been reimbursed (such date, the
 “Termination Date”), Holdings (solely to the extent applicable to it) and the Borrower hereby covenant and agree with
the Lenders, the Issuing Banks and the Administrative Agent that:

 

Section 5.01.         Financial
Statements and Other Reports. The Borrower will deliver to the Administrative Agent for delivery by the Administrative Agent, subject
to Section 9.05(f), to each Lender:

 

(a)            Quarterly
Financial Statements. Within 60 days (or, with respect to any Fiscal Quarter during which (A) the Borrower or any subsidiary
has consummated a material (in the good faith determination of the Borrower) acquisition or similar Investment or (B) a material
(in the good faith determination of the Borrower) accounting change has occurred, 90 days) after the end of each of the first three Fiscal
Quarters of each Fiscal Year, commencing with the Fiscal Quarter ending on or about June 30, 2021, the consolidated balance sheet
of the Borrower as at the end of such Fiscal Quarter and the related consolidated statements of income or operations and cash flows of
the Borrower for such Fiscal Quarter and for the period from the beginning of the then current Fiscal Year to the end of such Fiscal Quarter,
and setting forth, in reasonable detail, in comparative form the corresponding figures for the corresponding periods of the previous Fiscal
Year, all in reasonable detail; provided, that any comparison against the corresponding figures from the corresponding period in
any prior Fiscal Year may reflect the financial results of any applicable predecessor entity;

 

(b)            Annual
Financial Statements. Within 150 days (or, with respect to any Fiscal Year during which either (A) the Borrower or any subsidiary
has consummated a material (in the good faith determination of the Borrower) acquisition or similar Investment or (B) a material
(in the good faith determination of the Borrower) accounting change has occurred, 180 days) after the end of each Fiscal Year ending after
the Closing Date, (i) the consolidated balance sheet of the Borrower as at the end of such Fiscal Year and the related consolidated
statements of income or operations and cash flows of the Borrower for such Fiscal Year and setting forth, in reasonable detail, in comparative
form the corresponding figures for the previous Fiscal Year (it being understood and agreed that no such comparison shall be required
if (A) the relevant independent certified public accountant is not willing to provide the same or (B) the corresponding figures
from the previous Fiscal Year are not available) and (ii) with respect to such consolidated financial statements, a report thereon
of an independent certified public accountant of recognized national standing (which report shall not be subject to (A) a “going
concern” qualification (but not a “going concern” explanatory paragraph or like statement) (except as resulting from,
in the good faith determination of the Borrower, (1) the impending maturity of any Indebtedness, (2) the breach or anticipated
breach of any financial covenant and/or (3) the activities, operations, financial results, assets or liabilities of any Unrestricted
Subsidiary) or (B) a qualification as to the scope of the relevant audit), and shall state that such consolidated financial statements
fairly present, in all material respects, the consolidated financial position of the Borrower as at the dates indicated and its results
of operations and cash flows for the periods indicated in conformity with GAAP;

 

(c)            Compliance
Certificate. Together with each delivery of financial statements pursuant to Sections 5.01(a) and (b), (i) a
duly executed and completed Compliance Certificate and (ii) (A) a summary of the pro forma adjustments (if any) necessary to
eliminate the accounts of Unrestricted Subsidiaries (if any) from such financial statements and (B) a list identifying each Unrestricted
Subsidiary as of the last day of the Fiscal 

Quarter covered by such Compliance Certificate or confirmation that there is no change in
such information since the later of the Closing Date and the date of the last such list delivered pursuant to this clause (ii)(B);

 

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(d)            [Reserved];

 

(e)            Notice
of Default; Notice of Material Adverse Effect. Promptly upon any Responsible Officer of the Borrower obtaining knowledge of (i) any
Default or Event of Default or (ii) the occurrence of any event or change that has caused or evidences or would reasonably be expected
to cause or evidence, either individually or in the aggregate, a Material Adverse Effect, a reasonably-detailed written notice specifying
the nature and period of existence of such condition, event or change and what action the Borrower has taken, is taking and proposes to
take with respect thereto;

 

(f)            Notice
of Litigation. Promptly upon any Responsible Officer of the Borrower obtaining knowledge of (i) the institution of, or threat
of, any Adverse Proceeding not previously disclosed in writing by the Borrower to the Administrative Agent, or (ii) any material
development in any Adverse Proceeding that, in the case of either of clauses (i) or (ii), would reasonably be expected
to have a Material Adverse Effect, written notice thereof from the Borrower together with such other non-privileged information as may
be reasonably available to the Loan Parties to enable the Lenders to evaluate such matters;

 

(g)            ERISA.
Promptly upon any Responsible Officer of the Borrower becoming aware of the occurrence of any ERISA Event that would reasonably be expected
to have a Material Adverse Effect, a written notice specifying the nature thereof from the Borrower;

 

(h)            Financial
Plan. Together with each delivery of financial statements pursuant to Sections 5.01(b) for the preceding fiscal year,
an annual consolidated financial budget prepared by management of the Borrower; provided, that notwithstanding the foregoing, no
such financial budget shall be required at any time following a Public Company Transaction;

 

(i)            Information
Regarding Collateral. Within 90 days of the relevant change (or such later date to which the Administrative Agent may agree in its
reasonable discretion), written notice (i) with respect to Holdings, the Borrower or any other Loan Party that is a Domestic Subsidiary,
of any change in (A) such Loan Party’s legal name, (B) such Loan Party’s type of organization, (C) such Loan
Party’s jurisdiction of organization or (D) such Loan Party’s organizational identification number, in each case, to
the extent such information is necessary to enable the Administrative Agent to perfect or maintain the perfection and priority of its
security interest in the Collateral of the relevant Loan Party, together with a certified copy of the applicable Organizational Document
reflecting the relevant change, and (ii) with respect to any Loan Party that is a Discretionary Guarantor, such types of changes
affecting the perfection or priority of the Administrative Agent’s security interest in the applicable Collateral of such Discretionary
Guarantor as the Borrower and the Administrative Agent have agreed in connection with such Loan Party becoming a Discretionary Guarantor;
and

 

(j)            Certain
Reports. Promptly upon their becoming available and without duplication of any obligation with respect to any such information that
is otherwise required to be delivered under the provisions of any Loan Document, copies of (i) following a Public Company Transaction,
all financial statements, reports, notices and proxy statements sent or made available generally by the Borrower, Holdings or its applicable
Parent Company to all of its security holders acting in such capacity and (ii) all regular and periodic reports and all registration
statements (other than on Form S-8 or a similar form) and prospectuses, if any, publicly filed by the Borrower, Holdings or its applicable
Parent Company with any securities exchange or with the SEC or any analogous Governmental Authority or private regulatory authority with
jurisdiction over matters relating to securities, in each case other than any prospectus relating to any equity plan; and

 

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(k)            Other
Information. Such customary additional information (financial or otherwise) that is readily available to the Borrower as the Administrative
Agent may reasonably request from time to time regarding the financial condition or business of the Borrower and its Restricted Subsidiaries;
provided, that none of Holdings, the Borrower nor any Restricted Subsidiary shall be required to disclose or provide any information
(i) that constitutes a non-financial trade secret or non-financial proprietary information of any Person, (ii) in respect of
which disclosure to the Administrative Agent or any Lender (or any of their respective representatives) is prohibited by applicable Requirements
of Law, (iii) that is subject to attorney-client or similar privilege or constitutes attorney work product or (iv) in respect
of which Holdings, the Borrower or any Restricted Subsidiary owes confidentiality obligations to any third party (provided, such
confidentiality obligations were not entered into in contemplation of the requirements of this Section 5.01(k)); provided,
that in the event that such information has not been provided in reliance on clause (iii) and/or (iv) above, notice
that information is being withheld must be provided to the Administrative Agent.

 

Documents
required to be delivered pursuant to this Section 5.01 may be delivered electronically and if so delivered, shall be deemed
to have been delivered on the date (i) on which the Borrower (or a representative thereof) (A) posts such documents or (B) provides
a link thereto at the website address listed on Schedule 9.01(a); provided that, other than with respect to items required
to be delivered pursuant to Section 5.01(k) above, the Borrower shall promptly notify (which notice may be by facsimile
or electronic mail) the Administrative Agent of the posting of any such document at the website address listed on Schedule 9.01(a) and
provide to the Administrative Agent an electronic version (i.e., a soft copy) of any such document by electronic mail (which Schedule
9.01(a) may be updated from time to time); (ii) (A) on which such documents are delivered by the Borrower to the Administrative
Agent for posting on behalf of the Borrower on IntraLinks/SyndTrak or another relevant website (the “Platform”), 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 (B) on which the relevant documents are electronically mailed or otherwise transmitted to the Administrative
Agent in a manner to which the Administrative Agent may reasonably agree or (iii) after the consummation of a Public Company Transaction,
in respect of the items required to be delivered pursuant to Section 5.01(a), (b) and/or (j) above,
on which such items have been made available on the SEC website or the website of the relevant analogous governmental or private regulatory
authority or securities exchange (including, for the avoidance of doubt, by way of “EDGAR”).

 

Notwithstanding
the foregoing, the obligations in Section 5.01(a), (b) and (h) may instead be satisfied with respect
to any relevant information of the Borrower by furnishing (i) the applicable financial statements or other information required
by such clauses of Holdings (or any other Parent Company) or (ii) in the case of Sections 5.01(a) and (b), the
Borrower’s or Holdings’ (or any other Parent Company thereof), as applicable, Form 10-K or 10-Q, as applicable, filed
with the SEC or any securities exchange, in each case, within the time periods specified in such paragraphs and without any requirement
to provide notice of such filing to the Administrative Agent or any Lender; provided, that, with respect to each of clauses (i) and
(ii), (A) to the extent (x) such financial statements relate to any Parent Company and (y) either (1) such
Parent Company (or any other Parent Company that is a subsidiary of such Parent Company) has any material third party Indebtedness and/or
material operations (as determined by the Borrower in good faith and other than any operations that are attributable solely to such Parent
Company’s ownership of the Borrower and its subsidiaries) or (2) there are material differences (in the good faith determination
of the Borrower) between the financial statements of such Parent Company and its consolidated subsidiaries, on the one hand, and the Borrower
and its consolidated subsidiaries, on the other hand, such financial statements or Form 10-K or Form 10-Q, as applicable, shall
be accompanied by unaudited consolidating information that summarizes in reasonable detail the differences between the information relating
to such Parent Company and its consolidated subsidiaries, on the one hand, and the information relating to the Borrower and its consolidated
subsidiaries on a consolidated stand-alone basis, on the other hand (other than any such difference relating to shareholders’ equity),
and (B) to the extent such financial statements are in lieu of statements required to be provided under Section 5.01(b),
such statements shall be accompanied by a report and opinion with respect to the financial statements of the applicable Parent Company
of an independent registered public accounting firm of nationally recognized standing, which report and opinion shall satisfy the applicable
requirements set forth in Section 5.01(b).

 

No financial statement required
to be delivered pursuant to Section 5.01(a) or (b) shall be required to include any acquisition accounting
adjustment relating to the Transactions or any Permitted Acquisition or other Investment to the extent it is not practicable to include
any such adjustment in such financial statement.

 

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Section 5.02.          Existence.
Except as otherwise permitted under Section 6.07 or Section 6.09, Holdings and the Borrower will, and the Borrower
will cause each of its Restricted Subsidiaries to, at all times preserve and keep in full force and effect its existence and all rights,
franchises, licenses and permits material to its business, except, other than with respect to the preservation of the existence of the
Borrower, to the extent that the failure to do so could not reasonably be expected to result in a Material Adverse Effect; provided,
that neither Holdings, the Borrower nor any of the Borrower’s Restricted Subsidiaries shall be required to preserve any such existence
(other than with respect to the preservation of existence of Holdings and the Borrower), right, franchise, license or permit if a Responsible
Officer of such Person or such Person’s board of directors (or similar governing body) determines that the preservation thereof
is no longer desirable in the conduct of the business of such Person, and that the loss thereof is not disadvantageous in any material
respect to such Person or to the Lenders (taken as a whole).

 

Section 5.03.          Payment
of Taxes. Holdings and the Borrower will, and the Borrower will cause each of its Restricted Subsidiaries to, pay all Taxes imposed
upon it or any of its properties or assets or in respect of any of its income or businesses or franchises before any penalty or fine accrues
thereon; provided, that no such Tax need be paid if (a) it is not more than 60 days overdue, (b) it is being contested
in good faith by appropriate proceedings, so long as (i) adequate reserves or other appropriate provisions, as are required in conformity
with GAAP, have been made therefor and (ii) in the case of a Tax which has resulted or may result in the creation of a Lien on any
of the Collateral, such contest proceedings conclusively operate to stay the sale of any portion of the Collateral to satisfy such Tax
and/or (c) failure to pay or discharge the same could not reasonably be expected, individually or in the aggregate, to result in
a Material Adverse Effect.

 

Section 5.04.          Maintenance
of Properties. Holdings and the Borrower will, and will cause each of its Restricted Subsidiaries to, maintain or cause to be maintained
in good repair, working order and condition, ordinary wear and tear and casualty and condemnation excepted, all property reasonably necessary
to the normal conduct of business of the Borrower and its Restricted Subsidiaries and from time to time will make or cause to be made
all needed and appropriate repairs, renewals and replacements thereof, in each case except as expressly permitted by this Agreement or
where the failure to maintain such properties or make such repairs, renewals or replacements could not reasonably be expected to have
a Material Adverse Effect.

 

Section 5.05.          Insurance.
(a) Except where the failure to do so would not reasonably be expected to have a Material Adverse Effect, the Borrower will maintain
or cause to be maintained, with financially sound and reputable insurers, such insurance coverage with respect to liability, loss or damage
in respect of the assets, properties and businesses of the Borrower and its Restricted Subsidiaries as may customarily be carried or maintained
under similar circumstances by Persons of established reputation engaged in similar businesses, in each case in such amounts (giving effect
to self-insurance), with such deductibles, covering such risks and otherwise on such terms and conditions as shall be customary for such
Persons. Each such policy of insurance shall, subject to Section 5.15, (i) name the Administrative Agent on behalf of
the Secured Parties as an additional insured thereunder as its interests may appear and (ii) to the extent available from the relevant
insurance carrier, in the case of each casualty insurance policy (excluding any business interruption insurance policy), contain a lender
loss payable clause or endorsement that names the Administrative Agent, on behalf of the Secured Parties as the lender loss payee thereunder
and, to the extent available from the relevant insurance carrier after submission of a request by the applicable Loan Party to obtain
the same, provide for at least 30 days’ prior written notice to the Administrative Agent of any modification or cancellation of
such policy (or 10 days’ prior written notice in the case of the failure to pay any premium thereunder).

 

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Section 5.06.          Inspections.
Holdings and the Borrower will, and the Borrower will cause each of its Restricted Subsidiaries to, permit any authorized representative
designated by the Administrative Agent to visit and inspect any of the properties of Holdings, the Borrower and any of its Restricted
Subsidiaries at which the principal financial records and executive officers of the applicable Person are located, to inspect, copy and
take extracts from its and their respective financial and accounting records, and to discuss its and their respective affairs, finances
and accounts with its and their Responsible Officers and independent public accountants (provided, that the Borrower (or any of
its subsidiaries) may, if it so chooses, be present at or participate in any such discussion), all upon reasonable notice and at reasonable
times during normal business hours; provided, that (a) only the Administrative Agent on behalf of the Lenders may exercise
the rights of the Administrative Agent and the Lenders under this Section 5.06, (b) except as expressly set forth in
clause (c) below during the continuance of an Event of Default under Section 7.01(a), (f) or
(g), the Administrative Agent shall not exercise such rights more often than one time during any calendar year, (c) when an
Event of Default under Section 7.01(a), (f) or (g) exists, the Administrative Agent (or any of its
representatives or independent contractors) may do any of the foregoing at the expense of the Borrower at any time during normal business
hours and upon reasonable advance notice and (d) notwithstanding anything to the contrary herein, neither the Borrower nor any Restricted
Subsidiary shall be required to disclose, permit the inspection, examination or making of copies of or taking abstracts from, or discuss
any document, information, or other matter (i) that constitutes non-financial trade secrets or non-financial proprietary information
of any Person, (ii) in respect of which disclosure to the Administrative Agent or any Lender (or any of their respective representatives
or contractors) is prohibited by applicable Requirements of Law, (iii) that is subject to attorney-client or similar privilege or
constitutes attorney work product or (iv) in respect of which the Borrower or any Restricted Subsidiary owes confidentiality obligations
to any third party (provided, that such confidentiality obligations were not entered into in contemplation of the requirements
of this Section 5.06).

 

Section 5.07.          Maintenance
of Book and Records. The Borrower will, and will cause its Restricted Subsidiaries to, maintain proper books of record and account
containing entries of all material financial transactions and matters involving the assets and business of the Borrower and its Restricted
Subsidiaries that are full, true and correct in all material respects and permit the preparation of consolidated financial statements
in accordance with GAAP.

 

Section 5.08.          Compliance
with Laws. Holdings and the Borrower will comply, and the Borrower will cause each of its Restricted Subsidiaries to comply, with
all applicable Requirements of Law (including applicable ERISA and all Environmental Laws, any US sanctions administered by OFAC, the
USA PATRIOT Act and the FCPA), except to the extent the failure of Holdings, the Borrower or the relevant Restricted Subsidiary to comply
could not reasonably be expected to have a Material Adverse Effect; provided, that the requirements set forth in this Section 5.08,
as they pertain to compliance by any Foreign Subsidiary with any US sanctions administered by OFAC, the USA PATRIOT ACT and the FCPA,
are subject to and limited by any Requirement of Law applicable to such Foreign Subsidiary in its relevant local jurisdiction and shall
not apply to such Foreign Subsidiary to the extent the same conflict with relevant local Requirements of Law applicable to such Foreign
Subsidiary

 

Section 5.09.          Environmental.

 

(a)            Environmental
Disclosure. The Borrower will deliver to the Administrative Agent as soon as practicable following the sending or receipt thereof
by the Borrower or any of its Restricted Subsidiaries, a copy of any and all written communications with respect to (A) any Environmental
Claim that, individually or in the aggregate, would reasonably be expected to give rise to a Material Adverse Effect, (B) any Release
required to be reported by the Borrower or any of its Restricted Subsidiaries to any federal, state or local governmental or regulatory
agency or other Governmental Authority that would reasonably be expected to have a Material Adverse Effect, (C) any request made
to the Borrower or any of its Restricted Subsidiaries for information from any governmental agency that suggests such agency is investigating
whether Holdings, the Borrower or any of its Restricted Subsidiaries may be potentially responsible for any Hazardous Materials Activity
which would reasonably be expected to have a Material Adverse Effect and (D) such other documents and information as from time to
time may be reasonably requested by the Administrative Agent in relation to any matters disclosed pursuant to this Section 5.09(a),
in each case, subject to the limitations set forth in the proviso to Section 5.01(k);

 

(b)            Hazardous
Materials Activities, Etc. The Borrower shall promptly take, and shall cause each of its Restricted Subsidiaries promptly to take,
any and all actions necessary to (i) cure any violation of applicable Environmental Laws by the Borrower or its Restricted Subsidiaries,
and address with appropriate corrective or remedial action any Release or threatened Release of Hazardous Materials at or from any Facility,
in each case, that would reasonably be expected to have a Material Adverse Effect and (ii) make an appropriate response to any Environmental
Claim against the Borrower or any of its Restricted Subsidiaries and discharge any obligations it may have to any Person thereunder, in
each case, where failure to do so would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

 

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Section 5.10.          Designation
of Subsidiaries. The Borrower may at any time after the Closing Date designate (or redesignate) any subsidiary as an Unrestricted
Subsidiary or any Unrestricted Subsidiary as a Restricted Subsidiary; provided, that (a) immediately after giving effect to such
designation, no Event of Default exists (including after giving effect to the reclassification of any Investment in, Indebtedness
of and/or Lien on the assets of, the applicable Restricted Subsidiary or Unrestricted Subsidiary), (b) as of the date of the designation
thereof, no Unrestricted Subsidiary shall own any Capital Stock in any Restricted Subsidiary of the Borrower (unless such Restricted Subsidiary
is also designated as an Unrestricted Subsidiary) and (c) no subsidiary may be designated an Unrestricted Subsidiary if it is a “Restricted
Subsidiary” for purposes of the Second Lien Credit Agreement; provided further, that in no event shall any Rao’s Entity be
designated as an Unrestricted Subsidiary without the prior written consent of the Required Lenders. The designation of any subsidiary
as an Unrestricted Subsidiary shall constitute an Investment by the Borrower (or its applicable Restricted Subsidiary) therein at the
date of designation in an amount equal to the portion of the fair market value of the net assets of such subsidiary attributable to the
Borrower’s (or its applicable Restricted Subsidiary’s) equity interest therein as estimated by the Borrower in good faith
(and such designation shall only be permitted to the extent such Investment is permitted under Section 6.06). The designation
of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute the making, incurrence or granting, as applicable, at the time
of designation of any then-existing Investment, Indebtedness or Lien of such subsidiary, as applicable; provided, that upon any re-designation
of any Unrestricted Subsidiary as a Restricted Subsidiary, the Borrower (or its applicable Restricted Subsidiary) shall be deemed to continue
to have an Investment in the resulting Restricted Subsidiary in an amount (if positive) equal to (a) the Borrower’s (or its
applicable Restricted Subsidiary’s) “Investment” in such Restricted Subsidiary at the time of such re-designation, less
(b) the portion of the fair market value of the net assets of such Restricted Subsidiary attributable to the Borrower’s (or
its applicable Restricted Subsidiary’s) equity therein at the time of such re-designation as estimated by the Borrower in good faith.

 

Section 5.11.          Use
of Proceeds.

 

(a)            The
Borrower shall use the proceeds of the Revolving Loans (i) on the Closing Date, (A) to finance (or to replenish balance sheet
cash used to finance) all or a portion of the Transactions (including the payment of Transaction Costs and other costs and expenses),
(B) to finance other general corporate purposes, (C) to finance working capital needs and (D) to cash collateralize letters
of credit issued on behalf of the Borrower and its subsidiaries under the Existing Credit Agreement, and (ii) after the Closing Date,
to finance working capital needs and other general corporate purposes of the Borrower and its subsidiaries and any other purpose not prohibited
by the terms of the Loan Documents.

 

(b)            The
Borrower shall use the proceeds of the Initial Term Loans made on the Closing Date solely to (i) finance all or a portion of the
Transactions (and the payment of Transaction Costs) and (ii) to the extent of any remaining proceeds, for general corporate purposes
of the Borrower and its subsidiaries.

 

(c)            Letters
of Credit may be issued (i) on the Closing Date in the ordinary course of business and to replace or provide credit support for any
letter of credit, bank guarantee and/or surety, customs, performance or similar bond of the Borrower and its subsidiaries or any of their
Affiliates and/or to replace cash collateral posted by any of the foregoing Persons and (ii) after the Closing Date, for general
corporate purposes of the Borrower and its subsidiaries and any other purpose not prohibited by the terms of the Loan Documents.

 

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Section 5.12.          Covenant
to Guarantee Obligations and Provide Security.

 

(a)            Upon
(i) the formation or acquisition after the Closing Date of any Restricted Subsidiary, (ii) the designation of any Unrestricted
Subsidiary as a Restricted Subsidiary or (iii) any Restricted Subsidiary that was an Excluded Subsidiary ceasing to be an Excluded
Subsidiary, on or before the date on which a Compliance Certificate is required to be delivered pursuant to Section 5.01(c),
for the Fiscal Quarter in which the relevant formation, acquisition, designation or cessation occurred (or such longer period as the Administrative
Agent may reasonably agree), the Borrower shall (A) cause such Restricted Subsidiary (other than any Excluded Subsidiary) to comply
with the requirements set forth in clause (b) of the definition of “Collateral and Guarantee Requirement” and
(B) upon the reasonable request of the Administrative Agent (which request may not be made unless the Consolidated Total Assets of
the relevant Restricted Subsidiary constitutes more than 10% of the Consolidated Total Assets of the Borrower and its Restricted Subsidiaries,
taken as a whole, cause the relevant Restricted Subsidiary (other than any Excluded Subsidiary) to deliver to the Administrative Agent
a signed copy of a customary opinion of counsel for such Restricted Subsidiary, addressed to the Administrative Agent, the Issuing Banks
and the Lenders.

 

(b)            Within
90 days (or such longer period as the Administrative Agent may reasonably agree) after the acquisition of any Material Real Estate Asset
other than any Excluded Asset by the Borrower or any Loan Party that is a Domestic Subsidiary of the Borrower, the Borrower will give
the Administrative Agent written notice of the acquisition of such Material Real Estate Asset and, if requested by the Administrative
Agent, the Borrower shall, or shall cause such Loan Party, to comply with the requirements set forth in clause (c) of the
definition of “Collateral and Guarantee Requirement” within 90 days of the receipt of such request (or such longer period
as the Administrative Agent may reasonably agree). For purposes of this clause (b), any Material Real Estate Asset owned by any
Restricted Subsidiary at the time such Restricted Subsidiary is required to become a Loan Party under Section 5.12(a) above
shall be deemed to have been acquired by such Restricted Subsidiary on the first day of the time period within which such Restricted Subsidiary
is required to become a Loan Party under Section 5.12(a).

 

(c)            Notwithstanding
anything to the contrary herein or in any other Loan Document, the Borrower may, in its sole discretion, elect to cause any Restricted
Subsidiary and/or Parent Company (any such Person, a “Discretionary Guarantor”) that is not otherwise required to be
a Subsidiary Guarantor to provide a Loan Guaranty by causing such Person to execute a Joinder Agreement, and any such Person shall constitute
a Loan Party and a Guarantor for all purposes hereunder; it being understood and agreed that such Person shall grant a security interest
in such categories of assets pursuant to such documentation as the Borrower and the Administrative Agent may reasonably agree; provided
that (i) in the case of any Discretionary Guarantor that is a Foreign Subsidiary, the jurisdiction of such person is reasonably satisfactory
to the Administrative Agent and (ii) the Administrative Agent shall have received at least two (2) business days prior to such
person becoming a Guarantor, all documentation and other information in respect of such person required under applicable “know your
customer” and anti-money laundering rules and regulations (including the USA Patriot Act).

 

(d)            Notwithstanding
anything to the contrary herein or in any other Loan Document, it is understood and agreed that:

 

(i)            the
Administrative Agent may grant extensions of time (including after the expiration of any relevant period, which may apply retroactively)
for the creation and perfection of security interests in, or obtaining of legal opinions or other deliverables with respect to, particular
assets or the provision of any Loan Guaranty by any Restricted Subsidiary, and each Lender hereby consents to any such extension of time;

 

(ii)            any
Lien required to be granted from time to time pursuant to the definition of “Collateral and Guarantee Requirement” and/or
any action requested in connection therewith shall be subject to the exceptions and limitations set forth in this Agreement and the Collateral
Documents;

 

(iii)            perfection
by control shall not be required with respect to assets requiring perfection through control agreements or other control arrangements,
including deposit accounts, securities accounts and commodities accounts (other than control of (A) pledged Capital Stock of the
Borrower or any material first tier Restricted Subsidiary that is a Wholly-Owned Subsidiary and/or (B) any Material Debt Instrument
owing from any Person that is not a Loan Party, in each case, to the extent the same otherwise constitute Collateral);

 

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(iv)            no
Loan Party shall be required to seek any landlord lien waiver, bailee letter, estoppel, warehouseman waiver or other collateral access
or similar letter or agreement;

 

(v)            no
Loan Party (other than any Discretionary Guarantor that is organized under the laws of a jurisdiction outside of the US) will be required
to (A) take any action to grant or perfect a security interest in any asset located outside of the US or (B) execute any security
agreement, pledge agreement, mortgage, deed, charge or other collateral document governed by the laws of any jurisdiction other than the
US, any state thereof or the District of Columbia; it being understood and agreed that no Loan Party (including any Discretionary Guarantor)
will be required to take any action to perfect a security interest in the Collateral in any jurisdiction other than the jurisdiction in
which such Loan Party is organized (other than (1) in the case of Mortgaged Property located in the US that is owned by any Loan
Party that is a Domestic Subsidiary, the jurisdiction where such property is located and (2) with respect to the required pledge
of the Capital Stock of any Discretionary Guarantor that is not organized under the laws of the United States or any state thereof, the
jurisdiction of organization of such Discretionary Guarantor);

 

(vi)            in
no event will (A) the Collateral include any Excluded Asset or (B) any Excluded Subsidiary be required to become a Subsidiary
Guarantor;

 

(vii)            without
limiting clause (xiv) below, no action shall be required to perfect any Lien with respect to (A) any vehicle or
other asset subject to a certificate of title, (B) any Letter-of-Credit Right, (C) the Capital Stock of any Immaterial Subsidiary
(other than any Immaterial Subsidiary that is a Loan Party) and/or (D) the Capital Stock of any Person that is not a subsidiary,
which Person, if a subsidiary, would constitute an Immaterial Subsidiary and/or (E) any aircraft, in each case, except to the extent
that a security interest therein can be perfected by filing a Form UCC-1 (or similar) financing statement under the UCC (without
the requirement to list an “VIN” or similar number);

 

(viii)            no
action shall be required to perfect a Lien in any asset in respect of which the perfection of a security interest therein would (A) be
prohibited by enforceable anti-assignment provisions set forth in any contract that is permitted or otherwise not prohibited by the terms
of this Agreement and is binding on such asset at the time of its acquisition and not incurred in contemplation thereof (other than in
the case of capital leases, purchase money and similar financings), (B) violate the terms of any contract relating to such asset
that is permitted or otherwise not prohibited by the terms of this Agreement and is binding on such asset at the time of its acquisition
and not incurred in contemplation thereof (other than in the case of capital leases, purchase money and similar financings), in each case,
after giving effect to the applicable anti-assignment provisions of the UCC or other applicable Requirement of Law or (C) trigger
termination of any contract relating to such asset that is permitted or otherwise not prohibited by the terms of this Agreement and is
binding on such asset at the time of its acquisition and not incurred in contemplation thereof (other than in the case of capital leases,
purchase money and similar financings) pursuant to any “change of control” or similar provision; it being understood that
the Collateral shall include any proceeds and/or receivables arising out of any contract described in this clause to the extent the assignment
of such proceeds or receivables is expressly deemed effective under the UCC or other applicable Requirement of Law notwithstanding the
relevant prohibition, violation or termination right;

 

(ix)            (A) no
Loan Party shall be required to perfect a Lien in any asset to the extent the perfection of a security interest in such asset would be
prohibited under any applicable Requirement of Law and (B) it is understood and agreed, for the avoidance of doubt, that no Loan
Party shall be required to comply with the Federal Assignment of Claims Act or any similar statute;

 

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(x)            any
Joinder Agreement, any Collateral Document and/or any other Loan Document executed by any Restricted Subsidiary that is required to become
(or otherwise becomes) a Loan Party pursuant to Section 5.12(a) above (including any Joinder Agreement) may, with the
consent of the Administrative Agent (not to be unreasonably withheld or delayed), include such schedules (or updates to schedules) as
may be necessary to qualify any representation or warranty set forth in any Loan Document to the extent necessary to ensure that such
representation or warranty is true and correct to the extent required thereby or by the terms of any other Loan Document;

 

(xi)            the
Lenders and the Administrative Agent acknowledge and agree that the Collateral that may be provided by any Loan Party may be limited to
minimize stamp duty, notarization, registration or other applicable fees, taxes and duties where the benefit to the Secured Parties of
increasing the secured amount is disproportionate to the cost of such fees, taxes and duties;

 

(xii)            (A) any
required Mortgage will be permitted to be delivered after the Closing Date and (B) it is understood that no Loan Party will be required
to procure title insurance or a survey with respect to any Material Real Estate Asset;

 

(xiii)            the
Administrative Agent shall not require the taking of a Lien on, or require the perfection of any Lien granted in, any asset as to which
the cost of obtaining or perfecting such Lien (including any mortgage, stamp, intangibles or other tax or expenses relating to such Lien)
is excessive in relation to the benefit to the Lenders of the security afforded thereby as reasonably determined in writing by the Borrower
and the Administrative Agent;

 

(xiv)            except
with respect to any Discretionary Guarantor that is organized under the laws of a jurisdiction outside the US, no Loan Party shall be
required, and the Administrative Agent shall not be authorized, to perfect any security interest or Mortgage by means other than (A) filings
pursuant to the Uniform Commercial Code in the office of the secretary of state (or similar central filing office) of any Loan Party’s
jurisdiction of organization, (B) filings with the US federal government offices with respect to IP Rights as expressly required
by the Security Agreement, (C) delivery to the Administrative Agent, for its possession (subject to the terms of any applicable Intercreditor
Agreement), of any Collateral consisting of pledged Capital Stock held by any Loan Party in the Borrower or any Restricted Subsidiary
that is a Wholly-Owned Subsidiary and/or any Material Debt Instrument issued to the Borrower or another Loan Party, in each case, to the
extent required by the Security Agreement or (D) mortgages in respect of Material Real Estate Assets; and

 

(xv)            (A) no
Collateral Document executed and delivered after the Closing Date, including any Mortgage, will impose any commercial obligation on any
Loan Party or contain any representation, warranty or undertaking that is not required for the creation and/or perfection of a security
interest in the relevant asset and (B) to the extent the subject matter of any representation, warranty or undertaking in any Collateral
Document executed and delivered after the Closing Date is the same as any representation, warranty or covenant in the Credit Agreement,
such representation, warranty or covenant shall be no more burdensome to the applicable Loan Party than the corresponding provision of
this Agreement unless the relevant additional requirement is necessary for the creation and/or perfection of a security interest in the
relevant asset.

 

(e)            It
is understood and agreed for the avoidance of doubt that the Borrower may elect to join any Domestic Subsidiary that is not required to
be or become a Subsidiary Guarantor solely because such Restricted Subsidiary is an Immaterial Subsidiary without (i) the consent
of the Administrative Agent or (ii) delivery of an opinion of counsel.

 

Section 5.13.          Maintenance
of Ratings. The Borrower shall use commercially reasonable efforts to maintain public corporate credit facility ratings for the Initial
Term Loans and public corporate family ratings for the Borrower, in each case from each of S&P and Moody’s; provided
that in no event shall the Borrower be required to maintain any specific rating with any such agency.

 

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Section 5.14.          Further
Assurances. Promptly upon request of the Administrative Agent and subject to the limitations described in Section 5.12:

 

(a)            the
Borrower will, and will cause each other Loan Party to, execute any and all further documents, financing statements, agreements, instruments,
notices and acknowledgments and take all such further actions (including the filing and recordation of financing statements, fixture filings,
Mortgages and/or amendments thereto and other documents), that may be required under any applicable Requirement of Law and which the Administrative
Agent may reasonably request to ensure the creation, perfection and priority of the Liens created or intended to be created under the
Collateral Documents, all at the expense of the relevant Loan Parties; and

 

(b)            the
Borrower will, and will cause each other applicable Loan Party to, (i) correct any material defect or error that may be discovered
in the execution, acknowledgment, filing or recordation of any Collateral Document or other document or instrument relating to any Collateral
and (ii) do, execute, acknowledge, deliver, record, re-record, file, re-file, register and re-register any and all such further acts
(including notices to third parties), deeds, assurances and other instruments as the Administrative Agent may reasonably request from
time to time in order to ensure the creation, perfection and priority of the Liens created or intended to be created under the Collateral
Documents.

 

Section 5.15.          Post-Closing
Covenant. Take the actions required by Schedule 5.15 in each case within the time periods specified therein (or, in each case,
such longer period to which the Administrative Agent may reasonably agree).

 

Section 5.16.          Transactions
with Affiliates. The Borrower shall, and shall cause its Restricted Subsidiaries to, consummate any transaction with any Affiliate
thereof that involves payment in excess of the greater of $30,000,000 and 20% of Consolidated Adjusted EBITDA as of the last day of the
most recently ended Test Period, on terms that are at least as favorable (as determined by the Borrower in good faith at the time of the
execution of the definitive agreement relating thereto) to the Borrower or such Restricted Subsidiary, as the case may be, as those that
might be obtained at the time in a comparable arm’s-length transaction from a Person who is not an Affiliate (or, if in the good
faith judgment of Borrower, there is no comparable transaction on the basis of which to make the comparison described above, such transaction
is fair to the Borrower or its applicable Restricted Subsidiary from a financial point of view); provided, that the foregoing requirement
shall not apply to:

 

(a)            any
transaction between or among Holdings, the Borrower and/or one or more Restricted Subsidiaries (or any entity that becomes a Restricted
Subsidiary as a result of such transaction) to the extent permitted or not restricted by this Agreement;

 

(b)            any
issuance, sale or grant of securities or other payments, awards or grants in cash, securities or otherwise pursuant to, or the funding
of employment arrangements, stock options and stock ownership plans approved by the board of directors (or equivalent governing body)
of any Parent Company or of the Borrower or any Restricted Subsidiary;

 

(c)            (i) any
collective bargaining, employment or severance agreement or compensatory (including profit sharing) arrangement (including salary or guaranteed
payment and bonuses) entered into by the Borrower or any of its Restricted Subsidiaries with their respective current or former officers,
directors, members of management, managers, employees, consultants or independent contractors or those of any Parent Company, (ii) any
subscription agreement or similar agreement pertaining to the repurchase of Capital Stock pursuant to put/call rights or similar rights
with current or former officers, directors, members of management, managers, employees, consultants or independent contractors and (iii) any
transaction pursuant to any employee compensation, benefit plan, stock option plan or arrangement, any health, disability or similar insurance
plan which covers current or former officers, directors, members of management, managers, employees, consultants or independent contractors
or any employment contract or arrangement;

 

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(d)            (i) transactions
permitted by Sections 6.04 and 6.06 and (ii) issuances of Capital Stock, equity contributions and issuances and
incurrences of Indebtedness not otherwise restricted by this Agreement;

 

(e)            transactions
in existence on the Closing Date and any amendment, modification or extension thereof to the extent such amendment, modification or extension,
taken as a whole, is not (i) materially adverse to the Lenders or (ii) more disadvantageous in any material respect to the Lenders
than the relevant transaction in existence on the Closing Date;

 

(f)            (i) so
long as no Event of Default under Section 7.01(a), (f) or (g) then exists or would result therefrom,
the payment of management, monitoring, consulting, transaction, oversight, advisory and similar fees to any Investor in an amount not
to exceed the greater of $5,000,000 and 2% of Consolidated Adjusted EBITDA per Fiscal Year; provided, that such fees may continue
to accrue during the pendency of any such Event of Default and shall become payable upon the waiver, termination or cure of the relevant
Event of Default and (ii) the payment or reimbursement of all indemnification obligations and expenses owed to any Investor and any
of their respective directors, officers, members of management, managers, employees and consultants, in each case of clauses (i) and
(ii) whether currently due or paid in respect of accruals from prior periods;

 

(g)            the
Transactions and the payment of Transaction Costs;

 

(h)            customary
compensation to, and reimbursement of expenses of, Affiliates in connection with financial advisory, financing, underwriting or placement
services or in respect of other investment banking activities and other transaction fees, which payments are approved by the majority
of the members of the board of directors (or similar governing body) or a majority of the disinterested members of the board of directors
(or similar governing body) of the Borrower in good faith;

 

(i)            Guarantees
permitted by Section 6.01 or Section 6.06;

 

(j)            transactions
that are otherwise permitted (or not restricted) under Article 6;

 

(k)            the
payment of customary fees and reasonable out-of-pocket costs to, and indemnities provided on behalf of, members of the board of directors
(or similar governing body), officers, employees, members of management, managers, consultants and independent contractors of the Borrower
and/or any of its Restricted Subsidiaries in the ordinary course of business and, in the case of payments to such Person in such capacity
on behalf of any Parent Company, to the extent attributable to the operations of the Borrower or its subsidiaries;

 

(l)            transactions
with customers, clients, suppliers, joint ventures, purchasers or sellers of goods or services or providers of employees or other labor
entered into in the ordinary course of business, which are (i) fair to the Borrower and/or its applicable Restricted Subsidiary in
the good faith determination of the Borrower (or its board of directors (or similar governing body) or senior management) or (ii) on
terms at least as favorable as might reasonably be obtained from a Person other than an Affiliate;

 

(m)            the
payment of reasonable out-of-pocket costs and expenses related to registration rights and customary indemnities provided to shareholders
under any shareholder agreement;

 

(n)            (i) any
purchase by Holdings of the Capital Stock of (or contribution to the equity capital of) the Borrower and (ii) any intercompany loan
made by the Borrower to Holdings or any Restricted Subsidiary;

 

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(o)            any
transaction (or series of related transactions) in respect of which the Borrower delivers to the Administrative Agent a letter addressed
to the board of directors (or equivalent governing body) of the Borrower from an accounting, appraisal or investment banking firm of nationally
recognized standing stating that such transaction or transactions, as applicable, is or are on terms that either (i) are no less
favorable to the Borrower or the applicable Restricted Subsidiary than might be obtained at the time in a comparable arm’s length
transaction from a Person who is not an Affiliate or (ii) fair to the Borrower or the relevant Restricted Subsidiary from a financial
point of view;

 

(p)            any
issuance, sale or grant of securities or other payments, awards or grants in Cash, securities or otherwise pursuant to, or the funding
of employment arrangements, stock options and stock ownership or incentive plans approved by a majority of the members of the board of
directors (or similar governing body) or a majority of the disinterested members of the board of directors (or similar governing body)
of the Borrower in good faith;

 

(q)            any
transaction in connection with any Receivables Facility;

 

(r)            any
payment pursuant to any tax sharing agreement or arrangement (whether written or as a matter of practice), that would otherwise be permitted
as a distribution pursuant to Section 6.04(a);

 

(s)            the
licensing of any intellectual property right in the ordinary course of business to permit the commercial use of intellectual property
between or among the Borrower and/or any subsidiary and/or Affiliate thereof;

 

(t)            any
transaction (or series of related transactions) approved by a majority of the disinterested directors (or members of any similar governing
body) of the Borrower or an applicable Parent Company;

 

(u)            any
investment by any Investor or Parent Company in securities or Indebtedness of the Borrower and/or any Guarantor;

 

(v)            transactions
not otherwise prohibited by this Agreement for the purpose of (i) reorganizing to facilitate any Public Company Transaction of any
Parent Company, including any PCT Reorganization Transaction, (ii) forming a holding company and/or (iii) reincorporating the
Borrower in a new jurisdiction;

 

(w)            any
payment to or from, and/or any transaction with, any joint venture or Unrestricted Subsidiary in the ordinary course of business or consistent
with past practice, industry practice or industry norms (including, any cash management activity related thereto);

 

(x)            (i) the
existence and performance of any agreement and/or transaction with any Unrestricted Subsidiary that was entered into prior to the designation
of such subsidiary as an Unrestricted Subsidiary to the extent that the transaction was permitted at the time that it was entered into
with such Restricted Subsidiary and/or (ii) any transaction entered into by any Unrestricted Subsidiary with any Affiliate prior
to the re-designation of such Unrestricted Subsidiary as a Restricted Subsidiary; provided that such transaction was not entered
into in contemplation of such designation or re-designation, as applicable;

 

(y)            any
capital contribution (whether or not in exchange for the issuance of additional Capital Stock) or loan to any Unrestricted Subsidiary
that is not otherwise prohibited by this Agreement;

 

(z)            transactions
permitted pursuant to Section 9.05(g);

 

(aa)          (i) any
investment by any Affiliate in securities or other Indebtedness of the Borrower and/or any Restricted Subsidiary (and payment of reasonable
out-of-pocket expenses incurred by such Affiliates in connection therewith) so long as the investment is being offered by the Borrower
or such Restricted Subsidiary generally to other investors on the same or more favorable terms and (ii) payments and/or distributions
to Affiliates in respect of securities or Indebtedness of the Borrower or any Restricted Subsidiary in connection with the securities
and other Indebtedness contemplated in the foregoing subclause (i) or that were acquired from Persons other than the
Borrower and the Restricted Subsidiaries, in each case, in accordance with the terms of such securities or Indebtedness; and/or

 

(bb)          any
transaction with any portfolio company of any Investor in the ordinary course of business.

 

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Section 5.17.          Fiscal
Year. In the event that the Borrower elects to change the end date of its Fiscal Year to a date other than as described in the definition
of “Fiscal Year”, the Borrower shall notify the Administrative Agent in writing, in which case the Borrower and the Administrative
Agent will, and are hereby authorized to, make any adjustment to this Agreement that is necessary to reflect such change in Fiscal Year.

 

Section 5.18.          Nature
of Business. From and after the Closing Date, the Borrower shall, and shall cause its Restricted Subsidiaries to, ensure that any
material line of business in which it engages is either (a) a business engaged in by the Borrower and/or any Restricted Subsidiary
on the Closing Date or a similar, incidental, complementary, ancillary or related business or (b) another line of business to which,
in the case of this clause (b), the Administrative Agent provides its consent.

 

ARTICLE 6

 

NEGATIVE COVENANTS

 

From the Closing Date until
the Termination Date, the Borrower (and, solely in the case of Section 6.09, Holdings) covenants and agrees with the Lenders,
the Issuing Banks and the Administrative Agent that:

 

Section 6.01.          Indebtedness.
The Borrower shall not, nor shall it permit any of its Restricted Subsidiaries to create, incur, assume or otherwise become or remain
liable with respect to any Indebtedness, except:

 

(a)            the
Secured Obligations;

 

(b)            Indebtedness
of (i) the Borrower to Holdings and/or any Restricted Subsidiary and/or (ii) any Restricted Subsidiary to Holdings, the Borrower
and/or any other Restricted Subsidiary; provided, that (A) in the case of any Indebtedness of any Restricted Subsidiary that
is not a Loan Party owing to the Borrower or any Restricted Subsidiary that is a Loan Party, the related Investment is permitted under
Section 6.06, and (B) any Indebtedness of any Loan Party owing to any Restricted Subsidiary that is not a Loan Party
incurred in reliance on this clause (b) must be unsecured and expressly subordinated to the Obligations of such Loan Party on terms
that are reasonably acceptable to the Administrative Agent (it being understood that the subordination terms set forth in the Intercompany
Note are acceptable to the Administrative Agent);

 

(c)            [reserved];

 

(d)            (i) Indebtedness
arising from any agreement providing for indemnification, adjustment of purchase price or similar obligations (including contingent earn-out
obligations) incurred in connection with the Transactions, any Disposition permitted hereunder, any acquisition or other Investment permitted
hereunder or consummated prior to the Closing Date or any other purchase of assets or Capital Stock or any other Investment, and (ii) Indebtedness
arising from guaranties, letters of credit, bank guaranties, surety bonds, performance bonds or similar instruments securing the performance
of the Borrower or any such Restricted Subsidiary pursuant to any such agreement;

 

(e)            Indebtedness
of the Borrower and/or any Restricted Subsidiary (i) as a result of or pursuant to tenders, statutory obligations, bids, leases,
governmental contracts, trade contracts, surety, stay, customs, appeal, performance and/or return of money bonds or other similar obligations
incurred in the ordinary course of business or pursuant to self-insurance obligations and not in connection with debt for borrowed money
and (ii) in respect of letters of credit, bank guaranties, surety bonds, performance bonds or similar instruments to support any
of the foregoing items;

 

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(f)            Indebtedness
of the Borrower and/or any Restricted Subsidiary in respect of Banking Services and/or otherwise in connection with Cash management and
Deposit Accounts;

 

(g)            (i) guaranties
by the Borrower and/or any Restricted Subsidiary of the obligations of suppliers, customers and licensees in the ordinary course of business,
(ii) Indebtedness incurred in the ordinary course of business in respect of obligations of the Borrower and/or any Restricted Subsidiary
to pay the deferred purchase price of goods or services or progress payments in connection with such goods and services and (iii) Indebtedness
in respect of letters of credit, bankers’ acceptances, bank guaranties or similar instruments supporting trade payables, warehouse
receipts or similar facilities entered into in the ordinary course of business;

 

(h)            Guarantees
by the Borrower and/or any Restricted Subsidiary of Indebtedness or other obligations of the Borrower, any Restricted Subsidiary and/or
any joint venture with respect to Indebtedness otherwise permitted to be incurred pursuant to this Section 6.01 or other obligations
not prohibited by this Agreement; provided that in the case of any Guarantee by any Loan Party of the obligations of any non-Loan
Party, the related Investment is permitted under Section 6.06;

 

(i)            (A) Indebtedness
of the Borrower and/or any Restricted Subsidiary existing, or pursuant to commitments existing, on the Closing Date; provided,
that any such Indebtedness or commitment having an outstanding principal amount in excess of $10,000,000 shall be described on Schedule
6.01 and (B) intercompany Indebtedness outstanding on the Closing Date;

 

(j)            Indebtedness
of Restricted Subsidiaries that are not Loan Parties; provided, that the aggregate outstanding principal amount of such Indebtedness
shall not exceed the greater of $65,000,000 and 50% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test
Period;

 

(k)            Indebtedness
of the Borrower and/or any Restricted Subsidiary consisting of obligations owing under incentive, supply, license or similar agreements
entered into in the ordinary course of business;

 

(l)            Indebtedness
of the Borrower and/or any Restricted Subsidiary consisting of (i) the financing of insurance premiums, (ii) take-or-pay obligations
contained in supply arrangements, in each case, in the ordinary course of business and/or (iii) obligations to reacquire assets or
inventory in connection with customer financing arrangements in the ordinary course of business;

 

(m)            Indebtedness
of the Borrower and/or any Restricted Subsidiary with respect to Capital Leases and purchase money Indebtedness in an aggregate outstanding
principal amount not to exceed the greater of $65,000,000 and 50% of Consolidated Adjusted EBITDA as of the last day of the most recently
ended Test Period; provided, that any Capital Lease entered into and/or purchase money Indebtedness incurred in the ordinary course
of business shall not reduce the amount available under this clause (m);

 

(n)            Indebtedness
of any Person that becomes a Restricted Subsidiary and/or Indebtedness assumed in connection with any acquisition or similar Investment;
provided, that:

 

(i)            such
Indebtedness (A) existed at the time such Person became a Restricted Subsidiary or the assets subject to such Indebtedness were acquired
and (B) was not created or incurred in contemplation of the applicable acquisition or similar Investment, and

 

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(ii)            after
giving effect to such Indebtedness on a Pro Forma Basis, either:

 

(A)            (1) if
such Indebtedness is First Lien Debt, the First Lien Net Leverage Ratio does not exceed the First Lien Net Leverage Ratio as of the last
day of the most recently ended Test Period, (2) if such Indebtedness is Junior Lien Debt, the Secured Net Leverage Ratio does not
exceed the Secured Net Leverage Ratio as of the last day of the most recently ended Test Period or (3) if such Indebtedness is secured
by a Lien on any asset that does not constitute Collateral or is unsecured, the Total Net Leverage Ratio does not exceed the Total Net
Leverage Ratio as of the last day of the most recently ended Test Period;

 

(B)            the
Borrower is in compliance with Section 6.10 (whether or not then in effect) as of the last day of the most recently ended
Test Period; or

 

(C)            such
Indebtedness is in an aggregate principal amount outstanding not to exceed the greater of $30,000,000 and 20% of Consolidated Adjusted
EBITDA as of the last day of the most recently ended Test Period;

 

(o)            Indebtedness
issued by the Borrower or any Restricted Subsidiary to any stockholder of any Parent Company or any current or former director, officer,
employee, member of management, manager or consultant of any Parent Company, the Borrower or any subsidiary (or their respective Immediate
Family Members) to finance the purchase or redemption of Capital Stock of any Parent Company permitted by Section 6.04(a);

 

(p)            Indebtedness
refinancing, refunding or replacing any Indebtedness permitted under clauses (a), (i), (j), (m), (n),
(r), (u), (w), (y), (z), (hh), (ii) and/or (jj) of this Section 6.01
(in any case, including any refinancing Indebtedness incurred in respect thereof, “Refinancing Indebtedness”) and any
subsequent Refinancing Indebtedness in respect thereof; provided that:

 

(i)            the
principal amount of such Indebtedness does not exceed the principal amount of, and commitments in respect of, the Indebtedness being refinanced,
refunded or replaced, except by (A) an amount equal to unpaid accrued interest, penalties and premiums (including tender premiums)
thereon plus underwriting discounts, other reasonable and customary fees, commissions and expenses (including upfront fees, original issue
discount or initial yield payments) incurred in connection with the relevant refinancing, refunding or replacement and the related refinancing
transaction, (B) an amount equal to any existing commitments unutilized thereunder and (C) additional amounts permitted to be
incurred pursuant to this Section 6.01 (provided, that (1) any additional Indebtedness referenced in this clause
(C) satisfies the other applicable requirements of this definition (with additional amounts incurred in reliance on this clause
(C) constituting a utilization of the relevant basket or exception pursuant to which such additional amount is permitted) and
(2) if such additional Indebtedness is secured, the Lien securing such Indebtedness satisfies the applicable requirements of Section 6.02);

 

(ii)            in
the case of Refinancing Indebtedness with respect to clauses (a), (w) and/or (z) (other than
(I) Customary Bridge Loans, (II) Customary Term A Loans and (III) Refinancing Indebtedness that the Borrower elects
to apply to the Inside Maturity Amount), such Indebtedness (other than revolving indebtedness) has (A) a final maturity equal
to or later than (and, in the case of revolving Indebtedness, does not require mandatory commitment reductions, if any, prior to)
the Latest Term Loan Maturity Date and (B)  a Weighted Average Life to Maturity equal to or greater than the Weighted Average
Life to Maturity of the outstanding Term Loans at such time;

 

(iii)            the
terms of any Replacement Debt with an original principal amount in excess of the Threshold Amount (excluding, to the extent applicable,
pricing (including any “MFN” provision), fees, premiums, rate floors, optional prepayment, funding discounts, maturity, amortization
schedule, redemption terms or subordination terms and security), are not, taken as a whole (as determined by the Borrower in good faith),
more favorable to the lenders providing such Indebtedness than those applicable to the Indebtedness being refinanced, refunded or replaced
(other than (A) any covenant or any other provision applicable only to periods after the applicable maturity date of the debt then
being refinanced as of such date, (B) any covenant or provision which constitutes a then-current market term for the applicable type
of Indebtedness (as determined by the Borrower in good faith), or (C) any covenant or other provision which is conformed (or added)
to the Loan Documents for the benefit of the Lenders or, as applicable, the Administrative Agent, pursuant to an amendment to this Agreement
effectuated in reliance on Section 9.02(d)(ii)), it being understood and agreed that if any Refinancing Indebtedness that
constitutes a revolving facility includes a financial covenant, the requirement set forth in this clause (iii) shall be satisfied
if such financial covenant is added to this Agreement for the benefit of the then-existing Revolving Facility but not any then-existing
Term Facility);

 

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(iv)            in
the case of Refinancing Indebtedness with respect to Indebtedness permitted under clauses (j), (m), (n)(ii)(C),
(r), (u), (w) (solely as it relates to the Shared Incremental Amount), (y), (z) (solely as
it relates to the Shared Incremental Amount), (hh), (ii) and/or (jj) of this Section 6.01, the incurrence
thereof shall be without duplication of any amount outstanding in reliance on the relevant clause such that the amount available under
the relevant clause shall be reduced by the amount of the applicable Refinancing Indebtedness;

 

(v)            except
in the case of Refinancing Indebtedness constituting Replacement Debt, (A) (1) such Indebtedness, if secured, is secured only
by Permitted Liens at the time of such refinancing, refunding or replacement (it being understood that secured Indebtedness may be refinanced
with unsecured Indebtedness), and (2) either (x) if the Liens securing such Indebtedness were originally contractually subordinated
to the Liens on the Collateral securing the Initial Term Loans, the Liens securing such Indebtedness are subordinated to the Liens on
the Collateral securing the Initial Term Loans on terms not materially less favorable (as determined by the Borrower in good faith), taken
as a whole, to the Lenders than those (I) applicable to the Liens securing the Indebtedness being refinanced, refunded or replaced,
taken as a whole, or (II) set forth in any relevant Intercreditor Agreement or (y) the purchase, defeasance, redemption, repurchase,
repayment, refinancing or other acquisition or retirement of such Indebtedness is permitted under Section 6.04(b) (other
than Section 6.04(b)(i)); it being understood that the proceeds of any such Refinancing Indebtedness may be funded into Escrow
pursuant to customary (in the good faith determination of the Borrower) escrow arrangements, (B) such Indebtedness is incurred by
the obligor or obligors in respect of the Indebtedness being refinanced, refunded or replaced, except to the extent otherwise permitted
pursuant to Section 6.01 (it being understood that (1) any entity that was a guarantor in respect of the relevant refinanced
Indebtedness may be the primary obligor in respect of the refinancing Indebtedness, and any entity that was the primary obligor in respect
of the relevant refinanced Indebtedness may be a guarantor in respect of the refinancing Indebtedness and (2) the obligation of any
Person with respect to any Escrow arrangement into which the proceeds of such Refinancing Indebtedness are deposited shall not constitute
a Guarantee) and (C) if the Indebtedness being refinanced, refunded or replaced was expressly contractually subordinated to the Obligations
in right of payment, (x) such Indebtedness is contractually subordinated to the Obligations in right of payment, or (y) if not
contractually subordinated to the Obligations in right of payment, the purchase, defeasance, redemption, repurchase, repayment, refinancing
or other acquisition or retirement of such Indebtedness is permitted under Section 6.04(b) (other than Section 6.04(b)(i));
and

 

(vi)            in
the case of Refinancing Indebtedness constituting Replacement Debt, (A) such Indebtedness is pari passu or junior in right
of payment and secured by the Collateral on a pari passu or junior basis with respect to the remaining Obligations hereunder, or
is unsecured; provided that any such Refinancing Indebtedness that is pari passu or junior with respect to the Collateral
shall be subject to an Intercreditor Agreement, (B) if the Indebtedness being refinanced, refunded or replaced is secured, it is
not secured by any asset that does not constitute Collateral; it being understood that the proceeds of any such Refinancing Indebtedness
may be funded into Escrow pursuant to customary (in the good faith determination of the Borrower) escrow arrangements, (C) if the
Indebtedness being refinanced, refunded or replaced is Guaranteed, it shall not be Guaranteed by any Restricted Subsidiary of the Borrower
other than one or more Loan Parties (it being understood that the obligation of any Person with respect to any Escrow arrangement into
which the proceeds of such Refinancing Indebtedness are deposited shall not constitute a Guarantee) and (D) such Refinancing Indebtedness
is incurred under (and pursuant to) documentation other than this Agreement;

 

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(q)            [Reserved];

 

(r)            Indebtedness
of the Borrower and/or any Restricted Subsidiary in an aggregate outstanding principal amount not to exceed 200% of the amount of Net
Proceeds received by the Borrower from (i) the issuance or sale of Qualified Capital Stock or (ii) any Cash contribution in
respect of its Qualified Capital Stock with the Net Proceeds from the issuance and sale by any Parent Company of Capital Stock or a contribution
to the Capital Stock of any Parent Company, in each case, (A) other than any Net Proceeds received from the sale of Capital Stock
to, or contributions from, the Borrower or any of its Restricted Subsidiaries, (B) to the extent the relevant Net Proceeds have not
otherwise been applied to make Investments, Restricted Payments or Restricted Debt Payments hereunder in reliance on a provision of Section 6.06
or Section 6.04, as applicable, with respect to which such Net Proceeds were required to permit the relevant transaction and
(C) other than any Cure Amount and/or any Available Excluded Contribution Amount (the amount of any Net Proceeds or contribution
utilized to incur Indebtedness in reliance on this clause (r), a “Contribution Indebtedness Amount”);

 

(s)            Indebtedness
of the Borrower and/or any Restricted Subsidiary under any Derivative Transaction not entered into for speculative purposes;

 

(t)            Indebtedness
of the Borrower and/or any Restricted Subsidiary representing (i) deferred compensation to current or former directors, officers,
employees, members of management, managers, and consultants of any Parent Company, the Borrower and/or any Restricted Subsidiary in the
ordinary course of business and (ii) deferred compensation or other similar arrangements in connection with the Transactions, any
Permitted Acquisition or any other Investment permitted hereby;

 

(u)            Indebtedness
of the Borrower and/or any Restricted Subsidiary in an aggregate outstanding principal amount not to exceed (i) the greater of $100,000,000
and 75% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period minus (ii) the aggregate
outstanding principal amount of any Incremental Facility or Incremental Equivalent Debt incurred or issued in reliance on clause (a)(ii) of
the definition of “Incremental Cap”;

 

(v)            [reserved];

 

(w)            Indebtedness
of the Borrower and/or any Restricted Subsidiary (any Indebtedness incurred pursuant to this Section 6.01(w), the “Ratio
Debt”) so long as, after giving effect thereto, including the application of the proceeds thereof (in each case, without “netting”
the cash proceeds of the applicable Indebtedness being incurred), the outstanding principal thereof does not exceed an amount equal to
the sum of (i) the Shared Incremental Amount, (ii) (A) the Incremental Prepayment Amount minus (B) the amount
of any Incremental Facility and/or Incremental Equivalent Debt incurred or implemented in reliance on clause (d) of the definition
of “Incremental Cap” and (iii) an additional unlimited amount, so long as, in the case of this clause (iii), on
a Pro Forma Basis:

 

(A)            if
such Ratio Debt constitutes First Lien Debt, the First Lien Net Leverage Ratio does not exceed the greater of (x) 4.50:1.00 and (y) the
First Lien Net Leverage Ratio as of the last day of the most recently ended Test Period;

 

(B)            if
such Ratio Debt constitutes Junior Lien Debt, at the election of the Borrower, (x) the Secured Net Leverage Ratio does not exceed
the greater of (I) 6.35:1.00 and (II) the Secured Net Leverage Ratio as of the last day of the most recently ended Test Period
or (y) the Interest Coverage Ratio is not less than the lesser of (I) 2.00:1.00 (or to the extent such Junior Lien Debt is incurred
in connection with an acquisition or other Investment, 1.75:1.00) and (II) the Interest Coverage Ratio as of the last day of the
most recently ended Test Period; or

 

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(C)            if
such Ratio Debt is not secured by the Collateral, at the election of the Borrower, (x) the Total Net Leverage Ratio does not exceed
the greater of (I) 6.35:1.00 and (II) the Total Net Leverage Ratio as of the last day of the most recently ended Test Period
or (y) the Interest Coverage Ratio is not less than the lesser of (I) 2.00:1.00 (or to the extent such unsecured debt is incurred
in connection with an acquisition or other Investment, 1.75:1.00) and (II) the Interest Coverage Ratio as of the last day of the
most recently ended Test Period;

 

(x)            Indebtedness
of the Borrower and/or any Restricted Subsidiary incurred in respect of:

 

(i)            any
Second Lien Facility and any “Incremental Loans” and “Incremental Equivalent Debt” (each as defined in the Second
Lien Credit Agreement or any equivalent term under any Second Lien Facility) in an aggregate outstanding principal amount that does not
exceed $250,000,000, plus the aggregate principal amount of such “Incremental Loans” or “Incremental Equivalent
Debt” so long as the aggregate outstanding principal amount of any such “Incremental Loans” or “Incremental Equivalent
Debt” does not exceed 125% of the Incremental Cap (as defined in the Second Lien Credit Agreement as in effect on the Closing Date),

 

(ii)            any
refinancing of any Second Lien Facility or any such “Incremental Loans” or “Incremental Equivalent Debt” after
the Closing Date so long as (A) the aggregate outstanding principal amount of such Indebtedness does not exceed the amount permitted
to be incurred under preceding clause (i), plus (1) an amount equal to unpaid accrued interest, penalties and premiums
(including tender premiums) thereon, (2) the amount of any underwriting discounts, other reasonable and customary fees, commissions
and expenses (including upfront fees, original issue discount or initial yield payments) incurred in connection with the relevant refinancing,
(3) an amount equal to any existing commitments unutilized thereunder and (4) any additional amount permitted to be incurred
pursuant to this Section 6.01 (with additional amounts incurred in reliance on this clause (4) constituting a
utilization of the relevant basket or exception pursuant to which such additional amount is permitted) and (B) such Indebtedness,
if secured, is secured by Liens permitted under Section 6.02, and

 

(iii)            “Banking
Services Obligations” and Secured Hedging Obligations” (each as defined in the Second Lien Credit Agreement (or any equivalent
term in any document governing any Second Lien Facility));

 

(y)            Indebtedness
of the Borrower and/or any Restricted Subsidiary incurred in connection with any Sale and Lease-Back Transaction permitted pursuant to
Section 6.07;

 

(z)            any
Incremental Equivalent Debt;

 

(aa)          Indebtedness
(including obligations in respect of letters of credit, bank guarantees, bankers’ acceptances, surety bonds, performance bonds or
similar instruments with respect to such Indebtedness) incurred by the Borrower and/or any Restricted Subsidiary in respect of workers
compensation claims, unemployment, property, casualty or liability insurance (including premiums related thereto) or self-insurance, other
reimbursement-type obligations regarding workers’ compensation claims, other types of social security, pension obligations, vacation
pay or health, disability or other employee benefits;

 

(bb)          Indebtedness
representing (i) deferred compensation to current or former directors, officers, employees, members of management, managers and consultants
of any Parent Company, the Borrower or any Subsidiary in the ordinary course of business and (ii) deferred compensation or other
similar arrangements in connection with the Transactions, any acquisition or any other Investment permitted hereby;

 

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(cc)          Indebtedness
of the Borrower and/or any Restricted Subsidiary in respect of any letter of credit or bank guarantee issued in favor of any Issuing Bank
to support any Defaulting Lender’s participation in Letters of Credit issued hereunder;

 

(dd)          Indebtedness
of the Borrower or any Restricted Subsidiary supported by any Letter of Credit or any other letter of credit, bank guarantee or similar
instrument permitted by this Section 6.01;

 

(ee)          unfunded
pension fund and other employee benefit plan obligations and liabilities incurred by the Borrower and/or any Restricted Subsidiary in
the ordinary course of business to the extent that the unfunded amounts would not otherwise cause an Event of Default under Section 7.01(i);

 

(ff)          customer
deposits and advance payments received in the ordinary course of business from customers for goods and services purchased in the ordinary
course of business;

 

(gg)          without
duplication of any other Indebtedness, all premiums (if any), interest (including post-petition interest and payment in kind interest),
accretion or amortization of original issue discount, fees, expenses and charges with respect to Indebtedness of the Borrower and/or any
Restricted Subsidiary hereunder;

 

(hh)          Indebtedness
in an aggregate outstanding principal amount not to exceed 100% of the Available RP Capacity Amount determined at the time of incurrence
of such Indebtedness;

 

(ii)            Indebtedness
in respect of Receivables Facilities;

 

(jj)          Indebtedness
owed on a short-term basis to banks and other financial institutions in the ordinary course of business to manage cash balances; and

 

(kk)          Indebtedness
in respect of earnouts, seller notes or similar deferred purchase price obligations incurred in connection with any acquisition or other
Investment permitted hereby.

 

Section 6.02.          Liens.
The Borrower shall not, nor shall it permit any of its Restricted Subsidiaries to, create, incur, assume or permit or suffer to exist
any Lien securing Indebtedness on or with respect to any property of any kind owned by it, whether now owned or hereafter acquired, or
any income or profits therefrom, except:

 

(a)            Liens
securing the Secured Obligations;

 

(b)            Liens
for Taxes which (i) are not then due, (ii) if due, are not at such time required to be paid pursuant to Section 5.03
or (iii) are being contested in accordance with Section 5.03;

 

(c)            statutory
Liens (and rights of set-off) of landlords, banks, carriers, warehousemen, mechanics, repairmen, workmen and materialmen, and other Liens
imposed by applicable Requirements of Law, in each case incurred in the ordinary course of business (i) for amounts not yet overdue
by more than 60 days, (ii) for amounts that are overdue by more than 60 days and that are being contested in good faith by appropriate
proceedings, so long as any reserves or other appropriate provisions required by GAAP have been made for any such contested amounts or
(iii) for amounts with respect to which the failure to make payment would not reasonably be expected to have a Material Adverse Effect;

 

(d)            Liens
granted or arising (i) in the ordinary course of business in connection with workers’ compensation, unemployment insurance
and other types of social security laws and regulations, (ii) in the ordinary course of business to secure the performance of tenders,
statutory obligations, surety, stay, customs and appeal bonds, bids, leases, government contracts, trade contracts, performance and return-of-money
bonds and other similar obligations (exclusive of obligations for the payment of borrowed money), (iii) pursuant to pledges and deposits
of Cash or Cash Equivalents in the ordinary course of business securing (A) any liability for reimbursement or indemnification obligations
of insurance carriers providing property, casualty, liability or other insurance to the Borrower and its subsidiaries or (B) leases
or licenses of property otherwise permitted by this Agreement and (iv) to secure obligations in respect of letters of credit, bank
guaranties, surety bonds, performance bonds or similar instruments posted with respect to the items described in clauses (i) through
(iii) above;

 

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(e)            Liens
consisting of survey exceptions, easements, rights-of-way, restrictions, encroachments, servitudes for railways, sewers, drains, gas and
oil and other pipelines, gas and water mains, electric light and power and telecommunication, telephone or telegraph or cable television
conduits, poles, wires and cables, covenants, conditions, declarations, encroachments, zoning restrictions and other defects or irregularities
in title or environmental deed restrictions, in each case, which do not, in the aggregate, materially interfere with the ordinary conduct
of the business of the Borrower and/or its Restricted Subsidiaries, taken as a whole;

 

(f)            Liens
consisting of any (i) interest or title of a lessor or sub-lessor under any lease of real estate permitted hereunder, (ii) landlord
lien permitted by the terms of any lease, (iii) restriction or encumbrance to which the interest or title of such lessor or sub-lessor
may be subject or (iv) subordination of the interest of the lessee or sub-lessee under such lease to any restriction or encumbrance
referred to in the preceding clause (iii);

 

(g)            Liens
(i) solely on any Cash earnest money deposits and/or arising in connection with any escrow arrangement made by the Borrower and/or
any of its Restricted Subsidiaries in connection with any letter of intent or purchase agreement with respect to any Investment permitted
hereunder and (ii) consisting of (A) an agreement to Dispose of any property in a Disposition permitted under Section 6.07
and/or (B) the pledge of Cash as part of an escrow arrangement required in any Disposition permitted under Section 6.07;

 

(h)            (i) purported
Liens evidenced by the filing of UCC financing statements or similar financing statements under applicable Requirements of Law relating
solely to operating leases or consignment or bailee arrangements entered into in the ordinary course of business, (ii) Liens arising
from precautionary UCC financing statements or similar filings and (iii) any Lien relating to the sale of accounts receivable for
which a UCC financing statement or similar financing statement is required;

 

(i)            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;

 

(j)            Liens
in connection with any zoning, building, environmental or similar Requirements of Law or right reserved to or vested in any Governmental
Authority to control or regulate the use or dimensions of any real property or the structures thereon, including Liens in connection with
any condemnation or eminent domain proceeding or compulsory purchase order;

 

(k)            Liens
securing Indebtedness permitted pursuant to Section 6.01(p) (solely with respect to the permitted refinancing of (1) Indebtedness
permitted pursuant to Sections 6.01(a), (i), (j), (m), (n), (r), (u), (w), (y),
(z), (gg), (hh) and/or (ii) and (2) Indebtedness that is secured in reliance on Section 6.02(u) (provided
that the granting of the relevant Lien shall be without duplication of any Lien outstanding under Section 6.02(u) such
that the amount available under Section 6.02(u) shall be reduced by the amount of the applicable Lien granted in reliance
on this clause (2))); provided, that (i) no such Lien extends to any asset not covered by the Lien securing (or permitted
to secure) the Indebtedness that is being refinanced (it being understood that individual financings of the type permitted under Section 6.01(m) provided
by any lender may be cross-collateralized to other financings of such type provided by such lender or its affiliates), (ii) if the
Lien securing the Indebtedness being refinanced was subject to intercreditor arrangements, then (A) the Lien securing any refinancing
Indebtedness in respect thereof shall be subject to intercreditor arrangements that are not materially less favorable to the Secured Parties,
taken as a whole, than the intercreditor arrangements governing the Lien securing the Indebtedness that is refinanced or (B) the
intercreditor arrangements governing the Lien securing the relevant refinancing Indebtedness shall be set forth in an Intercreditor Agreement,
(iii) except as permitted by another provision of this Section 6.02, no such Lien shall be senior in priority as compared
to the Lien securing the Indebtedness being refinanced and (iv) subject to clauses (i) through (iii) above,
any such Lien may be subject to an Intercreditor Agreement to the extent the Lien securing the Indebtedness being refinanced was permitted
to be subject to an Intercreditor Agreement;

 

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(l)            Liens
in existence on the Closing Date and any modification, replacement, refinancing, renewal or extension thereof; provided, that any
such Lien securing Indebtedness having an aggregate principal amount outstanding on the Closing Date in excess of $10,000,000 shall be
described on Schedule 6.02; provided, further that (i) no such Lien extends 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 6.01 and (B) proceeds and products thereof, replacements, accessions or additions thereto and
improvements thereon (it being understood that individual financings of the type permitted under Section 6.01(m) provided
by any lender may be cross-collateralized to other financings of such type provided by such lender or its affiliates) and (ii) any
such modification, replacement, refinancing, renewal or extension of the obligations secured or benefited by such Liens, if constituting
Indebtedness, is permitted by Section 6.01;

 

(m)            Liens
arising out of Sale and Lease-Back Transactions permitted under Section 6.07;

 

(n)            Liens
securing Indebtedness permitted pursuant to Section 6.01(m); provided, that any such Lien shall encumber only the asset
acquired with the proceeds of such Indebtedness and proceeds and products thereof, replacements, accessions or additions thereto and improvements
thereon (it being understood that individual financings of the type permitted under Section 6.01(m) provided by any lender
may be cross-collateralized to other financings of such type provided by such lender or its affiliates);

 

(o)            Liens
securing Indebtedness permitted pursuant to Section 6.01(n) on the relevant acquired assets or on the Capital Stock and
assets of the relevant newly acquired Restricted Subsidiary and/or any future subsidiary of such Restricted Subsidiary (including, for
the avoidance of doubt, any after-acquired property of any such newly acquired subsidiary and/or any such subsidiary of such subsidiary);
provided, that no such Lien (i) extends to or covers any other assets (other than the proceeds or products thereof, replacements,
accessions or additions thereto and improvements thereon) (it being understood that (A) individual financings of the type permitted
under Section 6.01(m) provided by any lender may be cross collateralized to other financings of such type provided by
such lender or its affiliates and (B) any such Lien may extend to after-acquired property of any such Person) or (ii) was created
in contemplation of the applicable acquisition of assets or Capital Stock;

 

(p)            (i) Liens
that are contractual rights of setoff or netting relating to (A) the establishment of depositary relations with banks not granted
in connection with the issuance of Indebtedness, (B) pooled deposit or sweep accounts of the Borrower or any Restricted Subsidiary
to permit satisfaction of overdraft or similar obligations incurred in the ordinary course of business of the Borrower or any Restricted
Subsidiary, (C) purchase orders and other agreements entered into with customers of the Borrower or any Restricted Subsidiary in
the ordinary course of business and (D) commodity trading or other brokerage accounts incurred in the ordinary course of business,
(ii) Liens encumbering reasonable customary initial deposits and margin deposits, (iii) bankers Liens and rights and remedies
as to Deposit Accounts, (iv) Liens of a collection bank arising under Section 4-208 of the UCC on items in the ordinary course
of business, (v) Liens in favor of banking or other financial institutions arising as a matter of Law or under customary general
terms and conditions encumbering deposits or other funds maintained with a financial institution and that are within the general parameters
customary in the banking industry or arising pursuant to such banking institution’s general terms and conditions, (vi) Liens
on the proceeds of any Indebtedness incurred in connection with any transaction permitted hereunder, which proceeds have been deposited
into an escrow account on customary terms to secure such Indebtedness pending the application of such proceeds to finance such transaction
and (vii) any general banking Lien over any bank account arising in the ordinary course of business;

 

(q)            Liens
on assets owned by, and/or Capital Stock of, Restricted Subsidiaries that are not Loan Parties (including Capital Stock owned by such
Persons) securing Indebtedness of Restricted Subsidiaries that are not Loan Parties permitted pursuant to Section 6.01;

 

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(r)            Liens
securing obligations (other than obligations representing Indebtedness for borrowed money) under operating, reciprocal easement or similar
agreements entered into in the ordinary course of business of the Borrower and/or its Restricted Subsidiaries;

 

(s)           Liens
securing Indebtedness incurred in reliance on, and subject to the provisions set forth in, Sections 6.01(w) and/or (z);
provided, that any Lien that is granted on the Collateral in reliance on this clause (s) shall be subject to an Intercreditor
Agreement unless, in the case of any Lien granted to secure Indebtedness incurred in reliance on Section 6.01(w), the holders
of such Indebtedness and the Administrative Agent have not requested or required an intercreditor arrangement;

 

(t)            Liens
securing Indebtedness and/or other obligations incurred pursuant to Section 6.01(x), subject to the Initial Intercreditor
Agreement and/or any other applicable Intercreditor Agreement;

 

(u)           Liens
on assets securing Indebtedness or other obligations in an aggregate principal amount at any time outstanding not to exceed the greater
of $100,000,000 and 75% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period, in each case, subject,
in the case of any Lien on the Collateral, at the request of the relevant lender, to an Intercreditor Agreement;

 

(v)           (i) Liens
on assets securing judgments, awards, attachments and/or decrees and notices of lis pendens and associated rights relating to litigation
being contested in good faith not constituting an Event of Default under Section 7.01(h) and (ii) any pledge and/or
deposit securing any settlement of litigation;

 

(w)          (i) leases,
licenses, subleases or sublicenses in the ordinary course of business which do not secure any Indebtedness and (ii) ground leases
in respect of real property on which facilities owned or leased by the Borrower or any of its subsidiaries are located;

 

(x)           Liens
on Securities that are the subject of repurchase agreements constituting Investments permitted under Section 6.06 arising
out of such repurchase transaction;

 

(y)           Liens
securing obligations in respect letters of credit, bank guaranties, surety bonds, performance bonds or similar instruments permitted under
Sections 6.01(d), (e), (g), (aa) and (cc);

 

(z)           Liens
arising (i) out of conditional sale, title retention, consignment or similar arrangements for the sale of any asset in the ordinary
course of business and permitted by this Agreement or (ii) by operation of law under Article 2 of the UCC (or similar Requirement
of Law under any jurisdiction);

 

(aa)         Liens
(i) in favor of any Loan Party and/or (ii) granted by any non-Loan Party in favor of any Restricted Subsidiary that is not a
Loan Party, in the case of clauses (i) and (ii), securing intercompany Indebtedness permitted (or not restricted) under
Section 5.16 or 6.01;

 

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

 

(cc)         (i) receipt
of progress payments and advances from customers in the ordinary course of business to the extent the same creates a Lien on the related
inventory and proceeds thereof and (ii) Liens on specific items of inventory or other goods and the proceeds thereof securing such
Person’s obligations in respect of documentary letters of credit or banker’s acceptances issued or created for the account
of such Person to facilitate the purchase, shipment or storage of such inventory or goods;

 

(dd)        Liens
securing (i) obligations of the type described in Section 6.01(f) and/or (ii) obligations of the type described
in Section 6.01(s);

 

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(ee)         (i) Liens
on Capital Stock of (A) joint ventures securing capital contributions to, or obligations of, such Persons and/or (B) Unrestricted
Subsidiaries and (ii) customary rights of first refusal and tag, drag and similar rights in joint venture agreements and agreements
with respect to non-Wholly-Owned Subsidiaries;

 

(ff)          Liens
on cash or Cash Equivalents arising in connection with the defeasance, discharge or redemption of Indebtedness;

 

(gg)        Liens
consisting of the prior rights of consignees and their lenders under consignment arrangements entered into in the ordinary course of business;

 

(hh)        Liens
disclosed in any title insurance policy (or commitment) or survey delivered to the Administrative Agent with respect to any Material Real
Estate Asset and any replacement, extension or renewal thereof; provided that no such replacement, extension or renewal Lien shall
cover any property other than the property that was subject to such Lien prior to such replacement, extension or renewal (and additions
thereto, improvements thereon and the proceeds thereof);

 

(ii)           ground
leases in respect of real property on which facilities owned or leased by the Borrower or any of its Subsidiaries are located;

 

(jj)           Liens
consisting of (i) any reservation, limitation, proviso and/or condition, if any, expressed in any original grant from the Crown of
any real property or any interest therein and/or (ii) any right of expropriation, access, or user or any other right conferred or
vested by statutes of Canada or any applicable province;

 

(kk)         Liens
that do not secure Indebtedness for borrowed money and are customary in the operation of the business of the Borrower and its Restricted
Subsidiaries;

 

(ll)           Liens
on specific items of inventory or other goods and the proceeds thereof securing the relevant Person’s obligations in respect of
documentary letters of credit or banker’s acceptances issued or created for the account of such Person to facilitate the purchase,
shipment or storage of such inventory or goods;

 

(mm)       Liens
on Receivables Facility Assets granted or arising (or deemed to have been granted or arisen) in connection with any Receivables Facility;

 

(nn)        Liens
arising in connection with escrow arrangements established in connection with the Transactions;

 

(oo)        Liens
on assets that do not constitute Collateral; and

 

(pp)        Liens
securing Indebtedness incurred in reliance on, and subject to the provisions set forth in, Sections 6.01(r) and/or (hh).

 

Notwithstanding anything to
the contrary in this Section 6.02, if the proceeds of any Indebtedness the liens securing which are required or permitted
to be subject to an Intercreditor Agreement are funded into Escrow, at the election of the Borrower, either (x) the relevant Intercreditor
Agreement shall not be required to be entered into or become effective until the release and/or termination of the relevant Escrow arrangement,
so long as, prior to such release and/or termination, the relevant Indebtedness is secured only by a Lien on such proceeds so funded into
Escrow or (y) the property subject to the applicable Escrow arrangement is not required to be subject to the relevant Intercreditor
Agreement.

 

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Section 6.03.          [Reserved].

 

Section 6.04.          Restricted
Payments; Restricted Debt Payments.

 

(a)           The
Borrower shall not pay or make any Restricted Payment, except that:

 

(i)            the
Borrower may make, directly or indirectly, Restricted Payments to the extent necessary to permit any Parent Company:

 

(A)           to
pay general administrative and operating costs and expenses (including corporate overhead, legal or similar expenses and customary salary,
bonus and other benefits payable to any director, officer, employee, member of management, manager and/or consultant of any Parent Company)
and franchise Taxes, and similar fees and expenses required to maintain the organizational existence or qualification to do business of
such Parent Company, in each case, which are reasonable and customary and incurred in the ordinary course of business, plus the
amount of any reasonable and customary indemnification claim made by any director, officer, member of management, manager, employee and/or
consultant of any Parent Company, in each case, to the extent attributable to the ownership or operations of any Parent Company and/or
its subsidiaries (but excluding, for the avoidance of doubt, the portion of any such amount, if any, that is attributable to the ownership
or operations of any subsidiary of any Parent Company other than the Borrower and/or its subsidiaries);

 

(B)           for
so long as the Borrower, or its regarded owner, is a member of a group filing a consolidated, combined, unitary or similar tax return
of which Holdings or a Parent Company is the common parent, to pay (or to make any distribution to such Parent Company to pay) the aggregate
amount of consolidated, combined, unitary or similar group Tax liabilities attributable to the income of Holdings, the Borrower and its
Restricted Subsidiaries and, to the extent of the amount actually received from its Unrestricted Subsidiaries, in amounts required to
pay such Taxes to the extent attributable to the income of such Unrestricted Subsidiaries; provided that the amount of such payments
for any taxable year does not exceed the amount that Holdings, the Borrower, its Restricted Subsidiaries and (to the extent described
above) its Unrestricted Subsidiaries would have been required to pay for such year had Holdings, the Borrower, such Restricted Subsidiaries
and such Unrestricted Subsidiaries been a stand-alone group for applicable Tax purposes, taking into account any net operating losses
or other attributes of Holdings, the Borrower and such subsidiaries and provided further that any such distribution shall be reduced to
the extent any of the foregoing consolidated, combined, unitary or similar group Taxes are directly paid to any taxing authority by any
of Holdings, the Borrower and its subsidiaries;

 

(C)           to
pay audit and other accounting and reporting expenses of any Parent Company to the extent such expenses are attributable to such Parent
Company, the Borrower and its subsidiaries (but excluding, for the avoidance of doubt, the portion of any such expenses, if any, that
is attributable to the ownership or operations of any subsidiary of any Parent Company other than the Borrower and/or its subsidiaries);

 

(D)           for
the payment of any insurance premium that is payable by or attributable to any Parent Company, the Borrower and/or its subsidiaries (but
excluding, for the avoidance of doubt, the portion of any such premium, if any, that is attributable to the ownership or operations of
any subsidiary of any Parent Company other than the Borrower and/or its subsidiaries);

 

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(E)            to
pay (1) any fee and/or expense related to any debt and/or equity offering and/or any Public Company Transaction, investment or acquisition
(whether or not consummated) and/or any expense of, or indemnification obligation in favor of, any trustee, agent, arranger, underwriter
or similar role, and (2) Public Company Costs;

 

(F)            to
finance any Investment permitted under Section 6.06 (other than Section 6.06(t)) (provided, that (x) any
Restricted Payment under this clause (a)(i)(F) shall be made substantially concurrently with the closing of such Investment
(except with respect to any deferred purchase price or other contingent consideration, the Restricted Payments in respect of which may
be made after the closing of such Investment) and (y) the relevant Parent Company shall, promptly following the closing thereof,
cause (I) all property acquired to be contributed to the Borrower or one or more of its Restricted Subsidiaries, or (II) the
merger, consolidation or amalgamation of the Person formed or acquired into the Borrower or one or more of its Restricted Subsidiaries,
in order to consummate such Investment in compliance with the applicable requirements of Section 6.06 as if the relevant Investment
was undertaken as a direct Investment by the Borrower or the relevant Restricted Subsidiary); and

 

(G)           to
pay customary salary, bonus, severance and other benefits payable to current or former directors, officers, members of management, managers,
employees or consultants of any Parent Company (or any Immediate Family Member of any of the foregoing) to the extent such salary, bonuses,
severance and other benefits are attributable and reasonably allocated to the operations of the Borrower and/or its subsidiaries,

 

in each case, so
long as such Parent Company applies the amount of any such Restricted Payment for such purpose;

 

(ii)            the
Borrower may pay (or make Restricted Payments to allow any Parent Company) to repurchase, redeem, retire or otherwise acquire or retire
for value the Capital Stock of any Parent Company or any subsidiary held by any future, present or former employee, director, member of
management, officer, manager or consultant (or any Affiliate or Immediate Family Member thereof) of any Parent Company, the Borrower or
any subsidiary:

 

(A)           with
Cash and Cash Equivalents (and including, to the extent constituting a Restricted Payment, amounts paid in respect of promissory notes
issued to evidence any obligation to repurchase, redeem, retire or otherwise acquire or retire for value the Capital Stock of any Parent
Company, the Borrower or any subsidiary held by any future, present or former employee, director, member of management, officer, manager
or consultant (or any Affiliate or Immediate Family Member thereof) of any Parent Company, the Borrower or any subsidiary) in an amount
not to exceed, in any Fiscal Year, (I) prior to the consummation of a Public Company Transaction, the greater of $15,000,000 and
10% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period and (II) from and following the consummation
of a Public Company Transaction, the greater of $30,000,000 and 20% of Consolidated Adjusted EBITDA as of the last day of the most recently
ended Test Period, in each case, which, if not used in such Fiscal Year, shall be carried forward to succeeding Fiscal Years;

 

(B)           with
the proceeds of any sale or issuance of, or any capital contribution in respect of, the Capital Stock of the Borrower or any Parent Company
(to the extent such proceeds are contributed in respect of Qualified Capital Stock to the Borrower or any Restricted Subsidiary); or

 

(C)           with
the net proceeds of any key-man life insurance policy;

 

(iii)           the
Borrower may make Restricted Payments in an amount not to exceed (A) the portion, if any, of the Available Amount on such date that
the Borrower elects to apply to this clause (iii)(A) and/or (B) the portion, if any, of the Available Excluded Contribution
Amount on such date that the Borrower elects to apply to this clause (iii)(B);

 

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(iv)          the
Borrower may make Restricted Payments:

 

(A)           to
any Parent Company to enable such Parent Company to make Cash payments in lieu of the issuance of fractional shares in connection with
any dividend, split or combination thereof in connection with any Investment permitted hereunder or the exercise or vesting of warrants,
options, restricted stock units or similar incentive interests or other securities convertible into or exchangeable for Capital Stock
of such Parent Company or otherwise to honor a conversion requested by a holder thereof or

 

(B)           consisting
of (1) payments made or expected to be made in respect of withholding or similar Taxes payable by any future, present or former officers,
directors, employees, members of management, managers or consultants of the Borrower, any subsidiary of the Borrower or Parent Company
or any of their respective Immediate Family Members, (2) payments or other adjustments to outstanding Capital Stock in accordance
with any management equity plan, stock option plan or any other similar employee benefit or incentive plan, agreement or arrangement in
connection with any Restricted Payment and/or (3) repurchases of Capital Stock in consideration of the payments described in clauses
(1) and/or (2) above, including demand repurchases, in connection with the exercise or vesting of stock options,
restricted stock units or similar incentive interests;

 

(v)           the
Borrower may repurchase (or make Restricted Payments to any Parent Company to enable it to repurchase) Capital Stock upon the exercise
of warrants, options or other securities convertible into or exchangeable for Capital Stock if such Capital Stock represents all or a
portion of the exercise price of, or tax withholdings with respect to, such warrants, options or other securities convertible into or
exchangeable for Capital Stock;

 

(vi)          the
Borrower may make Restricted Payments, the proceeds of which are applied (A) to effect the consummation of the Transactions (including
the payment of the Special Dividend) and (B) to pay Transaction Costs;

 

(vii)         following
the consummation of the first Public Company Transaction, the Borrower may (or may make Restricted Payments to any Parent Company to enable
it to) make Restricted Payments with respect to any Capital Stock in an annual amount not to exceed the sum of (A) an amount equal
to 7.00% of the Net Proceeds received by or contributed to the Borrower from any Public Company Transaction and (B) an amount equal
to 7.00% of Market Capitalization at the time of determinations;

 

(viii)        the
Borrower may make Restricted Payments to (i) redeem, repurchase, retire or otherwise acquire any (A) Capital Stock (“Treasury
Capital Stock”) of the Borrower and/or any Restricted Subsidiary or (B) Capital Stock of any Parent Company, in the case
of each of subclauses (A) and (B), in exchange for, or out of the proceeds of the substantially concurrent sale (other
than to the Borrower and/or any Restricted Subsidiary) of, Qualified Capital Stock of the Borrower or any Parent Company to the extent
any such proceeds are contributed to the capital of the Borrower and/or any Restricted Subsidiary in respect of Qualified Capital Stock
(“Refunding Capital Stock”) and (ii) declare and pay dividends on any Treasury Capital Stock out of the proceeds
of the substantially concurrent sale (other than to the Borrower or a Restricted Subsidiary) of any Refunding Capital Stock;

 

(ix)           to
the extent constituting a Restricted Payment, the Borrower may consummate any transaction permitted by Section 5.16 (other
than Sections 5.16(d) and (j)), Section 6.06 (other than Sections 6.06(j) and (t)) and/or
Section 6.07 (other than Section 6.07(g));

 

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(x)            the
Borrower may make Restricted Payments in an aggregate amount not to exceed the greater of $65,000,000 and 50% of Consolidated Adjusted
EBITDA as of the last day of the most recently ended Test Period;

 

(xi)           the
Borrower may make Restricted Payments so long as the Secured Net Leverage Ratio, calculated on a Pro Forma Basis, would not exceed 5.00:1.00
as of the last day of the most recently ended Test Period;

 

(xii)          the
Borrower may declare and make dividend payments or other Restricted Payments payable solely in the Capital Stock of the Borrower or of
any Parent Company;

 

(xiii)         the
Borrower may make Restricted Payments (other than in the form of Cash and Cash Equivalents) in connection with and/or relating to any
internal reorganization or restructuring activities (including related to tax planning activities or in connection with, or in preparation
for, a Public Company Transaction); provided that such activities do not result in any Capital Stock of the Borrower becoming an
Excluded Asset;

 

(xiv)         the
Borrower may make payments or distributions to satisfy dissenters’ or appraisal rights, pursuant to or in connection with a consolidation,
amalgamation, merger or transfer of assets that complies with Section 6.07;

 

(xv)          Restricted
Payments necessary or advisable in connection with the consummation of any PCT Reorganization Transaction shall be permitted;

 

(xvi)         the
Borrower may make Restricted Payments consisting of the dividend or other distribution of the Capital Stock of, or Indebtedness owed to,
the Borrower or a Restricted Subsidiary by, any Unrestricted Subsidiary (other than the Capital Stock of any Unrestricted Subsidiary,
the primary assets of which are Cash and Cash Equivalents (other than Cash and Cash Equivalents that were in the good faith determination
of the Borrower, generated by the business operations of such Unrestricted Subsidiary); and/or

 

(xvii)        any
payment in connection with (or to allow the Public Entity to make any payment in connection with) (A) any Permitted Bond Hedge Transaction
and/or (B) the settlement of any Permitted Warrant Transaction by (1) delivery of shares of the Public Entity’s common
equity upon settlement thereof or (2) by (x) set-off against the related Permitted Bond Hedge Transaction or (y) payment
of an early termination amount in common equity upon any early termination thereof, in each case, shall be permitted.

 

It is understood and agreed
that, for purposes of this Section 6.04(a), (i) any determination of the value of any asset other than Cash shall be
made by the Borrower in good faith and (ii) the amount of Restricted Payments available to be made at any time pursuant to any provision
of this Section 6.04(a) that is expressly referenced in the definition of “Available RP Capacity Amount”
shall be reduced by the amount of any Restricted Payment basket that is actually applied in reliance on the Available RP Capacity Amount.

 

Notwithstanding the foregoing,
in no event shall the Borrower distribute, by dividend or otherwise, the Capital Stock of any Rao’s Entity.

 

(b)           The
Borrower shall not, nor shall it permit any Restricted Subsidiary to make any voluntary prepayment in Cash in respect of principal outstanding
of Restricted Debt, including any sinking fund or similar deposit, on account of the voluntary prepayment, repurchase, purchase, redemption,
retirement, acquisition, cancellation or termination of any Restricted Debt, in each case, more than one year prior to the scheduled maturity
date thereof (collectively, “Restricted Debt Payments”), except:

 

(i)            with
respect to any purchase, defeasance, redemption, refinancing repurchase, repayment or other acquisition or retirement thereof made by
exchange for, or out of the proceeds of, Indebtedness permitted by Section 6.01; 

 

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(ii)            as
part of an applicable high yield discount obligation catch-up payment;

 

(iii)           payments
of regularly scheduled principal or regularly scheduled interest (including any penalty interest, if applicable) and payments of fees,
expenses and indemnification obligations as and when due (other than payments that are prohibited by the subordination provisions thereof);

 

(iv)          Restricted
Debt Payments in an aggregate amount not to exceed (A) the greater of $65,000,000 and 50% of Consolidated Adjusted EBITDA as of the
last day of the most recently ended Test Period, plus (B) at the election of the Borrower, the amount of Restricted Payments
then permitted to be made by the Borrower in reliance on Section 6.04(a)(x) (it being understood that any amount utilized
under this clause (B) to make a Restricted Debt Payment shall result in a reduction in the amount available under Section 6.04(a)(x));

 

(v)           (A) Restricted
Debt Payments in exchange for, or with proceeds of any issuance of, Capital Stock of any Parent Company or Qualified Capital Stock of
the Borrower and/or any capital contribution in respect of Qualified Capital Stock of the Borrower, (B) Restricted Debt Payments
as a result of the conversion of all or any portion of any Restricted Debt into Qualified Capital Stock of the Borrower or the Capital
Stock of any Parent Company and (C) to the extent constituting a Restricted Debt Payment, payment-in-kind interest with respect to
any Restricted Debt that is permitted under Section 6.01;

 

(vi)          Restricted
Debt Payments in an aggregate amount not to exceed (A) the portion, if any, of the Available Amount on such date that the Borrower
elects to apply to this clause (vi)(A) and/or (B) the portion, if any, of the Available Excluded Contribution Amount
on such date that the Borrower elects to apply to this clause (vi)(B);

 

(vii)         Restricted
Debt Payments in an unlimited amount; provided, that after giving effect thereto the Secured Net Leverage Ratio, calculated on
a Pro Forma Basis, would not exceed 5.25:1.00 as of the last day of the most recently ended Test Period;

 

(viii)        mandatory
prepayments of Restricted Debt (and related payments of interest) made with Declined Proceeds (it being understood that any Declined Proceeds
applied to make Restricted Debt Payments in reliance on this Section 6.04(b)(viii) shall not increase the amount available
under clause (a)(ix) of the definition of “Available Amount” to the extent so applied); and/or

 

(ix)           Restricted
Debt Payments in an aggregate amount not to exceed amount of Restricted Payments then permitted to be made in reliance on Sections
6.04(a)(ii) and/or Section 6.04(a)(vii) (it being understood that any amount utilized under this clause (ix) to
make a Restricted Debt Payment shall result in a reduction in the amount available under Section 6.04(a)(ii) and/or Section 6.04(a)(vii),
as applicable).

 

Section 6.05.          Burdensome
Agreements. Except as provided herein or in any other Loan Document, the documentation governing any Second Lien Facility, any document
with respect to any “Incremental Equivalent Debt” (as defined herein and/or in the Second Lien Credit Agreement or any equivalent
term under any Second Lien Facility) and/or in any agreement with respect to any refinancing, renewal or replacement of such Indebtedness
that is permitted by Section 6.01, the Borrower shall not, nor shall it permit any of its Restricted Subsidiaries to, enter
into or cause to exist any agreement (any such agreement, a “Burdensome Agreement”) restricting the ability of (x) any
Restricted Subsidiary of the Borrower that is not a Loan Party to pay dividends or other distributions to the Borrower or any Loan Party
or (y) any Loan Party to create, permit or grant a Lien on any of its properties or assets to secure the Secured Obligations (after
giving effect to the applicable anti-assignment provisions of the UCC and/or any other applicable Requirement of Law), except restrictions:

 

(a)           set
forth in any agreement governing (i) Indebtedness of a Restricted Subsidiary that is not a Loan Party permitted by Section 6.01,
(ii) Indebtedness permitted by Section 6.01 that is secured by a Permitted Lien if the relevant restriction applies only
to the Person obligated under such Indebtedness and its Restricted Subsidiaries or the assets intended to secure such Indebtedness and
(iii) Indebtedness permitted pursuant to clauses (j), (m), (p) (as it relates to Indebtedness in respect
of clauses (a), (m), (r), (u), (w), (y), (z), (hh), (ii) and/or (jj)
of Section 6.01), (r), (u), (w), (y), (z), (hh), (ii) and/or (jj)
of Section 6.01; 

 

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(b)           arising
under customary provisions restricting assignments, subletting or other transfers (including the granting of any Lien) contained in leases,
subleases, licenses, sublicenses, joint venture agreements and other agreements entered into in the ordinary course of business;

 

(c)           that
are or were created by virtue of any Lien granted upon, transfer of, agreement to transfer or grant of, any option or right with respect
to any assets or Capital Stock not otherwise prohibited under this Agreement;

 

(d)           that
are assumed in connection with any acquisition of property or the Capital Stock of any Person, so long as the relevant encumbrance or
restriction relates solely to the Person and its subsidiaries (including the Capital Stock of the relevant Person or Persons) and/or property
so acquired and was not created in connection with or in anticipation of such acquisition;

 

(e)           set
forth in any agreement for any Disposition of any Restricted Subsidiary (or all or substantially all of the assets thereof) that restricts
the payment of dividends or other distributions or the making of cash loans or advances by such Restricted Subsidiary pending such Disposition;

 

(f)            set
forth in provisions in agreements or instruments which prohibit the payment of dividends or the making of other distributions with respect
to any class of Capital Stock of a Person other than on a pro rata basis;

 

(g)           imposed
by customary provisions in partnership agreements, limited liability company organizational governance documents, joint venture agreements
and other similar agreements;

 

(h)           on
Cash, other deposits or net worth or similar restrictions imposed by any Person under any contract entered into in the ordinary course
of business or for whose benefit such Cash, other deposits or net worth or similar restrictions exist;

 

(i)            set
forth in documents which exist on the Closing Date;

 

(j)            arising
pursuant to an agreement or instrument relating to any Indebtedness permitted to be incurred after the Closing Date if the relevant restrictions,
taken as a whole, are not materially less favorable to the Lenders than the restrictions contained in this Agreement, taken as a whole
(as determined in good faith by the Borrower);

 

(k)           arising
under or as a result of applicable Requirements of Law or the terms of any license, authorization, concession or permit;

 

(l)            arising
in any Hedge Agreement and/or any agreement or arrangement relating to any Banking Services and/or any other obligation of the type permitted
under Section 6.01(f);

 

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(m)          relating
to any asset (or all of the assets) of and/or the Capital Stock of the Borrower and/or any Restricted Subsidiary which is imposed pursuant
to an agreement entered into in connection with any Disposition of such asset (or assets) and/or all or a portion of the Capital Stock
of the relevant Person that is permitted or not restricted by this Agreement or that would result in the occurrence of the Termination
Date;

 

(n)           set
forth in any agreement relating to any Permitted Lien that limit the right of the Borrower or any Restricted Subsidiary to Dispose of
or encumber the assets subject thereto;

 

(o)           customary
subordination and/or subrogation provisions set forth in guaranty or similar documentation (not relating to Indebtedness for borrowed
money) that is entered into in the ordinary course of business;

 

(p)           any
restriction created in connection with any factoring program implemented in the ordinary course of business, so long as in the case of
any prohibition on Liens, the relevant restriction relates solely to assets subject to such factoring program and the Capital Stock of
any Person participating in such factoring program; and/or

 

(q)           imposed
by any amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing of any contract, instrument
or obligation referred to in clauses (a) through (p) above; provided that no such amendment, modification,
restatement, renewal, increase, supplement, refunding, replacement or refinancing is, in the good faith judgment of the Borrower, more
restrictive with respect to such restrictions, taken as a whole, than those in existence prior to such amendment, modification, restatement,
renewal, increase, supplement, refunding, replacement or refinancing.

 

Section 6.06.          Investments.
The Borrower shall not, nor shall it permit any of its Restricted Subsidiaries to, make or own any Investment in any other Person except:

 

(a)           Cash
or Investments that were Cash Equivalents at the time made;

 

(b)           (i) Investments
existing on the Closing Date in the Borrower or in any subsidiary and (ii) Investments made after the Closing Date, in, between and
among the Borrower and/or one or more Restricted Subsidiaries;

 

(c)           Investments
(i) constituting deposits, prepayments and/or credits to suppliers, (ii) made in connection with obtaining, maintaining or renewing
client and customer contracts or (iii) made in distributors, suppliers, licensors and licensees, in each case, in the ordinary course
of business or, in the case of clause (iii), to the extent necessary to maintain the ordinary course of supplies to the Borrower
or any Restricted Subsidiary;

 

(d)           (i) Investments
in joint ventures in an aggregate outstanding amount not to exceed the greater of $65,000,000 and 50% of Consolidated Adjusted EBITDA
as of the last day of the most recently ended Test Period and (ii) Investments in Unrestricted Subsidiaries in an aggregate outstanding
amount not to exceed the greater of $65,000,000 and 50% of Consolidated Adjusted EBITDA as of the last day of the most recently ended
Test Period;

 

(e)           (i) Permitted
Acquisitions and (ii) any Investment in any Restricted Subsidiary that is not a Loan Party in an amount required to permit such Restricted
Subsidiary to directly, or indirectly through one or more other Restricted Subsidiaries, consummate a Permitted Acquisition, which amount
is applied, by such Restricted Subsidiary, directly or indirectly, through one or more other Restricted Subsidiaries to consummate such
Permitted Acquisition;

 

(f)            Investments
(i) existing on, or contractually committed to or contemplated as of, the Closing Date; provided that, to the extent the outstanding
amount (or contractually committed or contemplated amount) of any such Investment on the Closing Date exceeds $10,000,000, such Investment
is described on Schedule 6.06 and (ii) any modification, replacement, renewal or extension of any Investment described in
clause (i) above so long as no such modification, renewal or extension increases the amount of such Investment except by the
terms thereof or as otherwise permitted by this Section 6.06;

 

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(g)           Investments
received in lieu of Cash in connection with any Disposition permitted by Section 6.07 or any other disposition of assets not
constituting a Disposition;

 

(h)           loans
or advances to present or former employees, directors, members of management, officers, managers or consultants or independent contractors
(or their respective Immediate Family Members) of any Parent Company, the Borrower, its subsidiaries and/or any joint venture to the extent
permitted by Requirements of Law, in connection with such Person’s purchase of Capital Stock of any Parent Company or the Borrower,
either (i) in an aggregate principal amount not to exceed $2,500,000 at any one time outstanding or (ii) so long as the proceeds
of such loan or advance are substantially contemporaneously contributed (or deemed to have been contributed) to the Borrower for the purchase
of such Capital Stock;

 

(i)            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;

 

(j)            Investments
consisting of (or resulting from) Indebtedness permitted under Section 6.01 (other than Indebtedness permitted under Sections
6.01(b) and (h)), Permitted Liens, Restricted Payments permitted under Section 6.04 (other than Section 6.04(a)(ix)),
Restricted Debt Payments permitted by Section 6.04 and mergers, consolidations, amalgamations, liquidations, windings up,
dissolutions or Dispositions permitted by Section 6.07 (other than Section 6.07(a) (if made in reliance on
subclause (ii)(B) of the proviso thereto), Section 6.07(c)(ii) (if made in reliance on clause (B) therein)
and Section 6.07(g));

 

(k)           Investments
(i) in the ordinary course of business consisting of endorsements for collection or deposit and customary trade arrangements with
customers, (ii) in the ordinary course of business and/or consistent with industry practice consisting of loans or advances made
to distributors and/or (iii) consisting of residual equity in any Receivables Subsidiary;

 

(l)            Investments
(including debt obligations and Capital Stock) received (i) in connection with the bankruptcy or reorganization of any Person, (ii) in
settlement of delinquent obligations of, or other disputes with, customers, suppliers and other account debtors arising in the ordinary
course of business, (iii) upon foreclosure with respect to any secured Investment or other transfer of title with respect to any
secured Investment and/or (iv) as a result of the settlement, compromise, resolution of litigation, arbitration or other disputes;

 

(m)          loans
and advances of payroll payments or other compensation (including deferred compensation) to present or former employees, directors, members
of management, officers, managers or consultants of any Parent Company (to the extent such payments or other compensation relate to services
provided to such Parent Company (but excluding, for the avoidance of doubt, the portion of any such amount, if any, attributable to the
ownership or operations of any subsidiary of any Parent Company other than the Borrower and/or its subsidiaries)), the Borrower and/or
any subsidiary in the ordinary course of business;

 

(n)           Investments
to the extent that payment therefor is made with Capital Stock of any Parent Company or Qualified Capital Stock of the Borrower or any
Restricted Subsidiary, in each case, to the extent not resulting in a Change of Control; provided that in connection with any such
Investment, any payment (or portion thereof) not made with Capital Stock of any Parent Company or Qualified Capital Stock of the Borrower
or any Restricted Subsidiary must otherwise be permitted under this Section 6.06;

 

(o)           (i) Investments
of any Restricted Subsidiary acquired after the Closing Date, or of any Person acquired by, or merged into or consolidated or amalgamated
with, the Borrower or any Restricted Subsidiary after the Closing Date, in each case as part of an Investment otherwise permitted by this
Section 6.06 to the extent that such acquired Investments were not made in contemplation of or in connection with such acquisition,
merger, amalgamation or consolidation and were in existence on the date of the relevant acquisition, merger, amalgamation or consolidation
and (ii) any modification, replacement, renewal or extension of any Investment permitted under clause (i) of this Section 6.06(o) so
long as no such modification, replacement, renewal or extension thereof increases the original amount of such Investment, except as otherwise
permitted by this Section 6.06;

 

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(p)           Investments
made in connection with the Transactions;

 

(q)           Investments
made after the Closing Date by the Borrower and/or any of its Restricted Subsidiaries in an aggregate amount at any time outstanding not
to exceed:

 

(i)             (A) the
greater of $100,000,000 and 75% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period, plus
(B) at the election of the Borrower, the amount of Restricted Payments then permitted to be made by the Borrower in reliance on Section 6.04(a)(x) (it
being understood that any amount utilized under this clause (B) to make an Investment shall result in a reduction in the amount
available under Section 6.04(a)(x)), plus (C) at the election of the Borrower, the amount of Restricted Debt Payments
then permitted to be made by the Borrower or any Restricted Subsidiary in reliance on Section 6.04(b)(iv)(A) (it being
understood that any amount utilized under this clause (C) to make an Investment shall result in a reduction in the amount
available under Section 6.04(b)(iv)(A)), plus

 

(ii)            in
the event that (A) the Borrower or any of its Restricted Subsidiaries makes any Investment after the Closing Date in any Person that
is not a Restricted Subsidiary and (B) such Person subsequently becomes a Restricted Subsidiary, an amount equal to 100% of the fair
market value of such Investment as of the date on which such Person becomes a Restricted Subsidiary;

 

(r)            Investments
made after the Closing Date by the Borrower and/or any of its Restricted Subsidiaries in an aggregate outstanding amount not to exceed
(i) the portion, if any, of the Available Amount on such date that the Borrower elects to apply to this clause (r)(i) and/or
(ii) the portion, if any, of the Available Excluded Contribution Amount on such date that the Borrower elects to apply to this clause (r)(ii);

 

(s)           (i) Guarantees
of leases (other than Capital Leases) or of other obligations not constituting Indebtedness and (ii) Guarantees of the lease obligations
of suppliers, customers, franchisees and licensees of the Borrower and/or its Restricted Subsidiaries, in each case, in the ordinary course
of business;

 

(t)            Investments
in any Parent Company in amounts and for purposes for which Restricted Payments to such Parent Company are permitted under Section 6.04(a) (other
than Section 6.04(a)(i)(F)); provided that any Investment made as provided above in lieu of any such Restricted Payment
shall reduce availability under the applicable Restricted Payment basket under Section 6.04(a);

 

(u)           Investments
in Similar Businesses in an aggregate outstanding amount not to exceed the greater of $65,000,000 and 50% of Consolidated Adjusted EBITDA
as of the last day of the most recently ended Test Period;

 

(v)           Investments
in the Borrower and/or any subsidiary in connection with internal reorganizations and/or restructurings and/or activities related to tax
planning; provided, that, after giving effect to any such reorganization, restructuring or activity, in the good faith determination
of the Borrower, neither the Loan Guaranty, taken as a whole, nor the security interest of the Administrative Agent in the Collateral,
taken as a whole, is materially impaired;

 

(w)          Investments
under Derivative Transactions of the type permitted under Section 6.01(s);

 

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(x)           Investments
in Immaterial Subsidiaries, so long as, on a Pro Forma Basis, the subsidiary in which the relevant Investment was made remains an Immaterial
Subsidiary;

 

(y)           Investments
made in joint ventures as required by, or made pursuant to, customary buy/sell arrangements between the joint venture parties set forth
in joint venture agreements and similar binding arrangements entered into in the ordinary course of business;

 

(z)           Investments
made in connection with any nonqualified deferred compensation plan or arrangement for any present or former employee, director, member
of management, officer, manager or consultant or independent contractor (or any Immediate Family Member thereof) of any Parent Company,
the Borrower, its subsidiaries and/or any joint venture;

 

(aa)         Investments
in the Borrower, any Restricted Subsidiary and/or joint venture in connection with intercompany cash management arrangements and related
activities in the ordinary course of business;

 

(bb)        any
Investment so long as, after giving effect thereto on a Pro Forma Basis, the Secured Net Leverage Ratio does not exceed 5.50:1.00 as of
the last day of the most recently ended Test Period;

 

(cc)         any
Investment made by any Unrestricted Subsidiary prior to the date on which such Unrestricted Subsidiary is designated as a Restricted Subsidiary
so long as the relevant Investment was not made in contemplation of the designation of such Unrestricted Subsidiary as a Restricted Subsidiary;

 

(dd)        Investments
consisting of the licensing, sublicensing or contribution of IP Rights, including pursuant to joint marketing, collaboration or joint
development arrangements with other Persons in the ordinary course of business;

 

(ee)         any
loan and/or advance to any Parent Company not in excess of the amount (after giving effect to any other loan, advance or Restricted Payment
in respect thereof) of Restricted Payments that are permitted to be made to such Parent Company in accordance with Section 6.04(a)(i),
such Investment being treated for purposes of the applicable provision of Section 6.04(a), including any limitation, as a
Restricted Payment made pursuant to such clause;

 

(ff)          Investments
in an aggregate outstanding amount not to exceed amount of Restricted Payments then permitted to be made in reliance on Sections 6.04(a)(ii) and/or
Section 6.04(a)(viii) (it being understood that any amount utilized under this clause (ff) to make an Investment
shall result in a reduction in the amount available under Section 6.04(a)(ii) and/or Section 6.04(a)(vii),
as applicable);

 

(gg)        Investments
(i) of Receivables Facility Assets in connection with any Receivables Facility and/or (ii) necessary to permit the payment of
fees, expenses and/or indemnification obligations and/or the satisfaction of any repurchase obligation in connection with any Receivables
Facility;

 

(hh)        [reserved];

 

(ii)           Investments
made in connection with any PCT Reorganization Transaction; and/or

 

(jj)           any
Permitted Bond Hedge Transaction;

 

(kk)         Investments
consisting of prepaid expenses, negotiable instruments held for collection and lease, utility and workers’ compensation, performance
and other similar deposits;

 

(ll)           Investments
in receivables owing to the Borrower and/or any Restricted Subsidiary in the ordinary course of business on customary trade terms, including
such concessionary trade terms as the Borrower or the relevant Restricted Subsidiary may deem reasonable under the applicable circumstances;
and/or

 

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(mm)       any
contribution to a “rabbi” trust for the benefit of any employee, director, consultant, independent contractor or other service
provider or any other grantor trust.

 

Notwithstanding the foregoing,
it is understood and agreed that this Section 6.06 shall not permit an IP Separation and Relicense Transaction.

 

Notwithstanding the foregoing,
in no event shall the Borrower or any of its Restricted Subsidiaries contribute the Capital Stock of any Rao’s Entity or substantially
all of the assets comprising the Rao’s Business to any Unrestricted Subsidiary or any Restricted Subsidiary that is not a Loan Party.

 

Section 6.07.          Fundamental
Changes; Disposition of Assets. The Borrower shall not, nor shall it permit any of its Restricted Subsidiaries to, merge, consolidate,
amalgamate, or liquidate, wind up or dissolve themselves (or suffer any liquidation or dissolution), or make any voluntary Disposition
of assets outside the ordinary course of business having a fair market value in excess of the greater of $30,000,000 and 20% of Consolidated
Adjusted EBITDA as of the last day of the most recently ended Test Period in any single transaction or series of related transactions
(including, in each case, pursuant to a Delaware LLC Division), except:

 

(a)           the
Borrower or any Subsidiary Guarantor may be merged, consolidated or amalgamated with another Person or, if applicable, effect a Delaware
LLC Division, or any Restricted Subsidiary may be merged, consolidated or amalgamated with or into the Borrower or any Restricted Subsidiary
or, if applicable, effect a Delaware LLC Division; provided that:

 

(i)             in
the case of any such merger, consolidation or amalgamation with or into the Borrower or any Delaware LLC Division relating to the Borrower,
(A) the Borrower shall be the continuing or surviving Person or (B) if the Person formed by or surviving any such merger, consolidation,
amalgamation or Delaware LLC Division is not the Borrower (any such Person, the “Successor Borrower”), (1) the
Successor Borrower shall be an entity organized or existing under the law of the US, any state thereof or the District of Columbia, (2) the
Successor Borrower shall expressly assume the Obligations of the Borrower in a manner reasonably satisfactory to the Administrative Agent
and (3) except as the Administrative Agent may otherwise agree, each Guarantor, unless it is the other party to such merger, consolidation
or amalgamation, shall have executed and delivered a reaffirmation agreement with respect to its obligations under the Loan Guaranty and
the other Loan Documents; it being understood and agreed that if the foregoing conditions under clauses (1) through (3) are
satisfied, the Successor Borrower will succeed to, and be substituted for, the Borrower under this Agreement and the other Loan Documents,
and

 

(ii)            in
the case of any such merger, consolidation, amalgamation or Delaware LLC Division with or into any Subsidiary Guarantor, either (A) the
Borrower or a Subsidiary Guarantor shall be the continuing or surviving Person or the continuing or surviving Person (or, in the case
of an amalgamation, the Person formed as a result thereof) shall expressly assume the obligations of such Subsidiary Guarantor in a manner
reasonably satisfactory to the Administrative Agent or (B) the relevant transaction shall be treated as an Investment and shall comply
with Section 6.06;

 

(b)           Dispositions
(including of Capital Stock) among the Borrower and/or any Restricted Subsidiary (upon voluntary liquidation or otherwise);

 

(c)           (i) the
liquidation, dissolution or Delaware LLC Division of any Restricted Subsidiary if the Borrower determines in good faith that (A) such
liquidation, dissolution or Delaware LLC Division is in the best interests of the Borrower and (B) is not materially disadvantageous
to the Lenders (taken as a whole) and (ii) the Borrower or any Restricted Subsidiary receives the assets (if any) of the relevant
liquidated, dissolved or divided Restricted Subsidiary; provided that in the case of any liquidation, dissolution or Delaware LLC
Division of any Loan Party that results in a distribution of assets to any Restricted Subsidiary that is not a Loan Party, such distribution
shall be treated as an Investment and shall comply with Section 6.06 (other than in reliance on clause (j) thereof);
(ii) any merger, amalgamation, dissolution, liquidation, consolidation or Delaware LLC Division, the purpose of which is to effect
(A) any Disposition otherwise permitted under this Section 6.07 (other than clause (a), clause (b) or
this clause (c)) or (B) any Investment permitted under Section 6.06 (other than Section 6.06(j));
and (iii) the conversion of the Borrower or any Restricted Subsidiary into another form of entity, so long as such conversion does
not, in the good faith determination of the Borrower, adversely affect the value of the Loan Guaranty or Collateral, if any;

 

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(d)           (i) Dispositions
of inventory or equipment or immaterial assets in the ordinary course of business (including on an intercompany basis) and (ii) the
leasing or subleasing of real property in the ordinary course of business;

 

(e)           Dispositions
of surplus, obsolete, used or worn out property or other property that, in the good faith judgment of the Borrower, is (A) no longer
useful in its business (or in the business of any Restricted Subsidiary of the Borrower) or (B) otherwise economically impracticable
to maintain, including any property abandoned in connection with the termination of any lease;

 

(f)            Dispositions
of Cash and/or Cash Equivalents and/or other assets that were Cash Equivalents when the relevant original Investment was made;

 

(g)           Dispositions,
mergers, amalgamations, consolidations or conveyances that constitute (or would result in) (i) Investments permitted pursuant to
Section 6.06 (other than Section 6.06(j)), (ii) Permitted Liens and (iii) Restricted Payments permitted
by Section 6.04(a) (other than Section 6.04(a)(ix));

 

(h)           Dispositions
for fair market value; provided, that

 

(i)             with
respect to any such Disposition (other than any Permitted Asset Swap) with a purchase price in excess of the greater of $30,000,000 and
20% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test Period, either (I) at least 75% of the consideration
for such Disposition (other than the portion of any such Disposition consisting of a Permitted Asset Swap) shall consist of Cash or Cash
Equivalents, or (II) at least 50% of the consideration for such Disposition (other than the portion of any such Disposition consisting
of a Permitted Asset Swap) shall consist of Cash or Cash Equivalents;

 

(ii)            for
purposes of the 75% Cash consideration requirement and the 50% Cash consideration requirement described immediately above:

 

(A)           the
amount of any Indebtedness or other liabilities (other than Indebtedness or other liabilities that are subordinated to the Obligations
or that are owed to the Borrower or any Restricted Subsidiary) of the Borrower or any Restricted Subsidiary (as shown on such Person’s
most recent balance sheet or statement of financial position (or in the notes thereto)) that are assumed by the transferee of any such
assets (or that are otherwise terminated or cancelled in connection with the transaction with such transferee) and for which the Borrower
and/or its applicable Restricted Subsidiary have been validly released by all relevant creditors in writing,

 

(B)           the
amount of any trade-in value applied to the purchase price of any replacement assets acquired in connection with such Disposition,

 

(C)           any
Security received by the Borrower or any Restricted Subsidiary from such transferee that will be converted by such Person into Cash or
Cash Equivalents (to the extent of the Cash or Cash Equivalents received) within 180 days following the closing of the applicable Disposition,
and

 

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(D)           any
Designated Non-Cash Consideration received in respect of such Disposition having an aggregate fair market value, taken together with
all other Designated Non-Cash Consideration received pursuant to this clause (D) that is at that time outstanding, not
in excess of the greater of $40,000,000 and 30% of Consolidated Adjusted EBITDA as of the last day of the most recently ended Test
Period, in each case, shall be deemed to be Cash.

 

(i)            to
the extent that (i) the relevant property is exchanged for credit against the purchase price of similar replacement property or (ii) the
proceeds of the relevant Disposition are promptly applied to the purchase price of such replacement property;

 

(j)            Dispositions
of Investments in joint ventures to the extent required by, or made pursuant to, buy/sell arrangements between joint venture or similar
parties set forth in the relevant joint venture arrangements and/or similar binding arrangements;

 

(k)           Dispositions,
discounting or forgiveness of notes receivable or accounts receivable in the ordinary course of business (including to insurers which
have provided insurance as to the collection thereof) or in connection with the collection or compromise thereof (including sales to factors);

 

(l)            Dispositions
and/or terminations of leases, subleases, licenses or sublicenses (including the provision of software under any open source license),
(i) the Disposition or termination of which will not materially interfere with the business of the Borrower and its Restricted Subsidiaries
(taken as a whole) or (ii) which relate to closed facilities or the discontinuation of any product line;

 

(m)          (i) any
termination of any lease in the ordinary course of business, (ii) any expiration of any option agreement in respect of real or personal
property and (iii) any surrender or waiver of contractual rights or the settlement, release or surrender of contractual rights or
litigation claims (including in tort) in the ordinary course of business;

 

(n)           Dispositions
of property subject to foreclosure, casualty, eminent domain or condemnation proceedings (including in lieu thereof or any similar proceeding);

 

(o)           Dispositions
or consignments of equipment, inventory or other assets (including leasehold interests in real property) with respect to facilities that
are temporarily not in use, held for sale or closed;

 

(p)           [reserved];

 

(q)           Dispositions
of non-core (as determined by the Borrower in good faith) assets acquired in connection with any acquisition or other Investment permitted
hereunder and sales of Real Estate Assets acquired in any acquisition or other Investment permitted hereunder; provided, that no
Event of Default under Sections 7.01(a), (f) or (g) exists on the date on which the definitive agreement
governing the relevant Disposition is executed;

 

(r)            exchanges
or swaps, including transactions covered by Section 1031 of the Code (or any comparable provision of any foreign jurisdiction), of
assets so long as any such exchange or swap is made for fair value (as determined by the Borrower in good faith) for like assets (including
Related Business Assets); provided that upon the consummation of any such exchange or swap by any Loan Party, to the extent the
assets received do not constitute an Excluded Asset, the Administrative Agent has a perfected Lien with the same priority as the Lien
held on the Real Estate Assets so exchanged or swapped;

 

(s)           Dispositions
of assets that do not constitute Collateral for fair market value;

 

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(t)            (i) any
Disposition, licensing, sublicensing and/or cross-licensing arrangement involving any technology, intellectual property or IP Right of
the Borrower or any Restricted Subsidiary in the ordinary course of business, and (ii) any Disposition, abandonment, cancellation
or lapse of any IP Right, or any issuance or registration, or application for issuance or registration, of any IP Right, which, in the
good faith determination of the Borrower is not material to the conduct of the business of the Borrower and its Restricted Subsidiaries,
taken as a whole, or are no longer economical to maintain in light of its use;

 

(u)           Dispositions
in connection with the termination or unwind of Derivative Transactions or Banking Services Obligations;

 

(v)           Dispositions
of Capital Stock of, or sales of Indebtedness or other Securities of, Unrestricted Subsidiaries;

 

(w)          Dispositions
of Real Estate Assets and related assets in the ordinary course of business in connection with relocation activities for directors, officers,
employees, members of management, managers or consultants of any Parent Company, the Borrower and/or any Restricted Subsidiary;

 

(x)           Dispositions
made to comply with any order of any Governmental Authority or any applicable Requirement of Law (including as a condition to, or in connection
with, the consummation of the Transactions);

 

(y)           any
merger, consolidation, Disposition or conveyance the purpose of which is to reincorporate or reorganize (i) any Restricted Subsidiary
in another jurisdiction in the US and/or (ii) any Foreign Subsidiary in the US or any other jurisdiction;

 

(z)           any
sale of motor vehicles and information technology equipment purchased at the end of an operating lease and resold thereafter;

 

(aa)         Dispositions
involving assets having a fair market value of not more than the greater of $50,000,000 and 35% of Consolidated Adjusted EBITDA as of
the last day of the most recently ended Test Period in any Fiscal Year, which, if not used in such Fiscal Year, shall be carried forward
to succeeding Fiscal Years;

 

(bb)        Dispositions
in connection with reorganizations and/or restructurings and/or activities related to tax planning; provided that, after giving
effect to any such reorganization, restructuring or activity, in the good faith determination of the Borrower, neither the Loan Guaranty,
taken as a whole, nor the security interest of the Administrative Agent in the Collateral, taken as a whole, is materially impaired;

 

(cc)         Dispositions
of assets in connection with the closing or sale of an office in the ordinary course of business of the Borrower and the Restricted Subsidiaries,
which consist of leasehold interests in the premises of such office, the equipment and fixtures located at such premises and the books
and records relating exclusively and directly to the operations of such office; provided, that any such sale shall be at a commercially
reasonable price and on commercially reasonable terms in a bona fide arm’s-length transaction;

 

(dd)        [Reserved];

 

(ee)         (i) Equipment
Sale and Leaseback Transactions, (ii) Sale and Lease-Back Transactions with respect to property or assets built or constructed after
the Closing Date and (iii) other Sale and Lease-Back Transactions; provided, that in the case of this clause (iii),
the fair market value of all property so Disposed of after the Closing Date shall not exceed the greater of $65,000,000 and 50% of Consolidated
Adjusted EBITDA as of the last day of the most recently ended Test Period;

 

(ff)          any
transaction in connection with any PCT Reorganization Transaction;

 

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(gg)        any
Disposition of any Receivables Facility Asset (and/or any participation therein) in connection with any Receivables Facility;

 

(hh)        the
Borrower may merge with or into any Person that is not a Restricted Subsidiary (other than Holdings) as long as (i) the Borrower
is the continuing or surviving Person and (ii) the relevant transaction does not result in a Change of Control or otherwise violate
the terms of this Agreement;

 

(ii)           the
settlement or early termination of any Permitted Bond Hedge Transaction and/or any related Permitted Warrant Transaction; and

 

(jj)           Dispositions
of any asset acquired with the proceeds of an Available Excluded Contribution Amount.

 

It is understood and agreed
that (a) to the extent that any Collateral is Disposed of as permitted by this Section 6.07, such Collateral shall be
Disposed of free and clear of the Liens created by the Loan Documents, which Liens shall be automatically released upon the consummation
of such Disposition, and the Administrative Agent shall be authorized to take, and shall take, any action reasonably requested by the
Borrower in order to effect the foregoing; provided, that in the case of a Disposition made to any Loan Party, the relevant transferred
assets shall become part of the Collateral of the transferee Loan Party (except to the extent such assets constitute Excluded Assets),
(b) any determination of the fair market value of any asset other than Cash for purposes of this Section 6.07 shall be
made by the Borrower in good faith at its election either (1) at the time of the execution of the definitive agreement governing
such Disposition or (2) the date on which such Disposition is consummated and (c) notwithstanding the foregoing provisions of
this Section 6.07, this Section 6.07 shall not permit an IP Separation and Relicense Transaction.

 

Notwithstanding the foregoing,
in no event shall the Borrower or any Restricted Subsidiary Dispose of the Capital Stock of any Rao’s Entity or substantially all
of the assets comprising the Rao’s Business to any Unrestricted Subsidiary or any Restricted Subsidiary that is not a Loan Party.

 

Section 6.08.          Amendments
of or Waivers with Respect to Restricted Debt. The Borrower shall not, nor shall it permit any of its Restricted Subsidiaries to,
amend or otherwise modify the subordination terms set forth in the documentation governing any Restricted Debt if the effect of such amendment
or modification, together with all other amendments or modifications made, is, in the good faith determination of the Borrower, materially
adverse to the interests of the Lenders (in their capacities as such); provided, that, for purposes of clarity, it is understood
and agreed that the foregoing limitation shall not otherwise prohibit any Refinancing Indebtedness or any other replacement, refinancing,
amendment, supplement, modification, extension, renewal, restatement or refunding of any Restricted Debt, in each case, that is otherwise
permitted to be incurred under this Agreement in respect thereof.

 

Section 6.09.          Holdings.
At any time prior to a Public Company Transaction, Holdings shall not:

 

(a)           create
or suffer to exist any Lien on any asset now owned or hereafter acquired by it other than (i) the Liens created under the Collateral
Documents to which it is a party, (ii) any other Lien created in connection with the Transactions, (iii) Permitted Liens on
the Collateral that are secured on a pari passu or junior basis with the Secured Obligations, so long as such Permitted Liens secure
Guarantees of Indebtedness or other obligations of the Borrower and/or any Restricted Subsidiary that are otherwise permitted hereunder
and the underlying Indebtedness subject to such Guarantee is permitted to be secured on the same basis pursuant to Section 6.02
and (iv) Liens of the type permitted under Section 6.02 (other than in respect of Indebtedness for borrowed money); or

 

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(b)           consolidate
or amalgamate with, or merge with or into, or convey, sell or otherwise Dispose of all or substantially all of its assets to, any Person;
provided, that (A) Holdings may consolidate or amalgamate with, or merge with or into, any other Person (other than the Borrower
and any of its Subsidiaries) so long as (x) Holdings is the continuing or surviving Person or (y) if the Person formed by or
surviving any such consolidation, amalgamation or merger is not Holdings (any such successor Person or acquirer referred to in clause
(B) below, “Successor Holdings”), (i) Successor Holdings shall be an entity organized or existing under
the law of the US, any state thereof or the District of Columbia and (ii) Successor Holdings shall expressly assume all Obligations
of Holdings under this Agreement and the other Loan Documents to which Holdings is a party pursuant to a supplement hereto and/or thereto
in a form reasonably satisfactory to the Administrative Agent, (B) Holdings may otherwise convey, sell or otherwise transfer all
or substantially all of its assets to any other Person (other than the Borrower and any of its Subsidiaries) so long as (x) no Change
of Control results therefrom, (y) Successor Holdings shall be an entity organized or existing under the law of the US, any state
thereof or the District of Columbia and (z) Successor Holdings shall expressly assume all of the Obligations of Holdings under this
Agreement and the other Loan Documents to which Holdings is a party pursuant to a supplement hereto and/or thereto in a form reasonably
satisfactory to the Administrative Agent; provided, further, that (1) if the conditions set forth in the preceding
proviso are satisfied, Successor Holdings will succeed to, and be substituted for, Holdings under this Agreement and (2) it is understood
and agreed that Holdings may convert into another form of entity organized or existing under the law of the US, any state thereof or the
District of Columbia so long as such conversion does not adversely affect the value of its Loan Guaranty or the Collateral and/or (C) Holdings
may consummate any PCT Reorganization Transaction.

 

Section 6.10.          Financial
Covenant.

 

(a)           First
Lien Net Leverage Ratio. On the last day of any Test Period on which the Revolving Facility Test Condition is then satisfied (it being
understood and agreed that this Section 6.10(a) shall not apply (subject to the satisfaction of the Revolving Facility
Test Condition) until the last day of the second full Fiscal Quarter ending after the Closing Date (and on such date, only to the extent
the Revolving Facility Test Condition is then satisfied)), the Borrower shall not permit the First Lien Net Leverage Ratio to be greater
than 6.95:1.00.

 

(b)           Notwithstanding
anything to the contrary in this Agreement (including Article 7), upon any failure by the Borrower to comply with Section 6.10(a) above
for the Test Period ending on the last day of any Fiscal Quarter, the Borrower shall have the right (the “Cure Right”)
at any time during such Fiscal Quarter or thereafter until the date that is 15 Business Days after the date on which financial statements
for such Fiscal Quarter are required to be delivered pursuant to Section 5.01(a) or (b), as applicable, to issue
Qualified Capital Stock or other equity (such other equity to be on terms reasonably acceptable to the Administrative Agent) for Cash
or otherwise receive Cash contributions in respect of its Qualified Capital Stock or other equity (such other equity to be on terms reasonably
acceptable to the Administrative Agent) (the “Cure Amount”), and thereupon the Borrower’s compliance with Section 6.10(a) shall
be recalculated giving effect to a pro forma increase in the amount of Consolidated Adjusted EBITDA by an amount equal to the Cure Amount
(notwithstanding the absence of a related addback in the definition of “Consolidated Adjusted EBITDA”) solely for the purpose
of determining compliance with Section 6.10(a) as of the end of such Fiscal Quarter and for applicable subsequent periods
that include such Fiscal Quarter. If, after giving effect to the foregoing recalculation (but not, for the avoidance of doubt, taking
into account any immediate repayment of Indebtedness in connection therewith), the requirements of Section 6.10(a) would
be satisfied, then the requirements of Section 6.10(a) shall be deemed to have been satisfied as of the end of the relevant
Fiscal Quarter (and Test Period) with the same effect as though there had been no failure to comply therewith at such date. Notwithstanding
anything herein to the contrary:

 

(i)             in
each four consecutive Fiscal Quarter period there shall be at least two Fiscal Quarters in which the Cure Right is not exercised (it being
understood that, subject to clause (ii), the Cure Right may be exercised in consecutive Fiscal Quarters),

 

(ii)            during
the term of this Agreement, the Cure Right shall not be exercised more than five times; provided that in the event that the Initial
Revolving Credit Maturity Date is extended (including through any Extension Amendment, Refinancing Amount or other amendment to this Agreement),
such amount shall increase by one for each additional year by which the Initial Revolving Credit Maturity Date has been so extended,

 

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(iii)           the
Cure Amount shall be no greater than the amount required for the purpose of complying with Section 6.10(a),

 

(iv)          there
shall be no pro forma or other reduction of the amount of Indebtedness by the amount of any Cure Amount for purposes of determining compliance
with Section 6.10(a) for the Fiscal Quarter in respect of which the Cure Right was exercised (other than, with respect
to any future period, to the extent of any portion of such Cure Amount that is actually applied to prepay Indebtedness (including by way
of buyback or repurchase)),

 

(v)           any
pro forma adjustment to Consolidated Adjusted EBITDA resulting from any Cure Amount shall be disregarded for purposes of determining (A) whether
any financial ratio-based condition to the availability of any carve-out set forth in Article 6 of this Agreement has been
satisfied or (B) the Applicable Rate or the Commitment Fee Rate, in each case during each Fiscal Quarter in which the pro forma adjustment
applies, and

 

(vi)          no
Revolving Lender or Issuing Bank shall be required to make any Revolving Loan or issue, amend or increase the face amount of any Letter
of Credit from and after the date on which a Compliance Certificate demonstrating a failure to comply with Section 6.10(a) for
the Test Period ending on the last day of any Fiscal Quarter is (or would be required to be) delivered pursuant to Section 5.01(c) until
the date on which the Borrower receives the relevant Cure Amount.

 

ARTICLE 7

 

EVENTS OF DEFAULT

 

Section 7.01.          Events
of Default. If any of the following events (each, an “Event of Default”) shall occur:

 

(a)           Failure
To Make Payments When Due. Failure by the Borrower to pay (i) any installment of principal of any Loan when due, whether at stated
maturity, by acceleration, by notice of voluntary prepayment, by mandatory prepayment or otherwise; or (ii) any interest on any Loan
or any fee or any other amount due hereunder within five Business Days after the date due; or

 

(b)           Default
in Other Agreements. (i) Failure by any Loan Party to pay when due any principal of or interest on or any other amount payable
in respect of one or more items of Indebtedness for borrowed money of such Loan Party (other than (x) Indebtedness referred to in
clause (a) above and (y) intercompany Indebtedness) with an individual outstanding principal amount exceeding the Threshold
Amount, in each case beyond the grace period, if any, provided therefor; or (ii) breach or default by any Loan Party with respect
to any other term of (A) one or more items of third-party Indebtedness for borrowed money of such Loan Party (other than (x) Indebtedness
referred to in clause (a) above and (y) intercompany Indebtedness) with an individual outstanding principal amount
exceeding the Threshold Amount or (B) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of
Indebtedness (other than, for the avoidance of doubt, with respect to Indebtedness consisting of Hedging Obligations, termination events
or equivalent events pursuant to the terms of the relevant Hedge Agreement which are not the result of any default thereunder by any
Loan Party or any Restricted Subsidiary), in each case beyond the grace period, if any, provided therefor, if the effect of such breach
or default is to cause, or to permit the holder or holders of such Indebtedness (or a trustee or agent on behalf of such holder or holders)
to cause (with the giving of notice, if required) such Indebtedness to become or be declared due and payable (or redeemable) prior to
its stated maturity or the stated maturity of any underlying obligation, as the case may be; provided that (I) clause
(ii) of this paragraph (b) shall not apply to secured Indebtedness that becomes due as a result of the voluntary
sale or transfer of the property securing such Indebtedness if such sale or transfer is permitted hereunder, (II) any failure described
under clauses (i) or (ii) above is unremedied and is not waived by the holders of such Indebtedness prior to
any termination of the Commitments or acceleration of the Loans pursuant to this Article 7, (III) with respect to any
default, event or condition referred to in clauses (i) or (ii) above resulting from the breach of any financial
covenant under any revolving or asset-based facility (or any refinancing or replacement thereof), such default, event or condition shall
only constitute an Event of Default if such default, event or condition results in the demand by the holders of such Indebtedness of
repayment thereof and the acceleration of such Indebtedness (and the termination of the commitments thereunder), which demand and acceleration
have not been rescinded and (IV) it is understood and agreed that the occurrence of any event described in this clause (b) that
would, prior to the expiration of any applicable grace period, permit the holder or holders of the relevant Indebtedness (or a trustee
or agent on behalf of such holder or holders) to cause (with the giving of notice, if required) such Indebtedness to become or be declared
due and payable (or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be,
will not result in a Default or Event of Default under this Agreement prior to the expiration of such grace period; or 

 

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(c)           Breach
of Certain Covenants. Failure of any Loan Party, as required by the relevant provision, to perform or comply with Section 5.01(e)(i) (provided
that any Event of Default arising from a failure to deliver any notice of Default or Event of Default shall automatically be deemed to
have been cured (and no longer continuing) immediately upon the earlier to occur of (x) the delivery of notice of the relevant Default
or Event of Default and (y) the cessation of the existence of the underlying Default or Event of Default), in either case unless
a Responsible Officer of the Borrower (1) had knowledge of the underlying Default or Event of Default and (2) was aware that
delivery of such notice was required), Section 5.02 (as it applies to the preservation of the existence of the Borrower),
or Article 6; provided that

 

(i)             notwithstanding
this clause (c) or clause (d) below, neither (A) a breach or default by any Loan Party under Section 6.10(a) nor
(B) the material inaccuracy of any representation or warranty made as a condition to any Credit Extension or any deemed Credit Extension
will constitute an Event of Default with respect to any Term Loan unless and until the Required Revolving Lenders have accelerated the
Revolving Loans, terminated the commitments under the Revolving Facility and demanded repayment of, or otherwise accelerated, the Indebtedness
or other obligations under the Revolving Facility and have not rescinded such demand or acceleration (the “Standstill”);

 

(ii)            any
breach of Section 6.10(a) is subject to cure as provided in Section 6.10(b) and

 

(iii)           no
Default or Event of Default may arise under Section 6.10(a) until the 15th Business Day after the date on which financial
statements are required to be delivered for the relevant Fiscal Quarter under Sections 5.01(a) or (b), as applicable
(unless the Cure Right has previously been exercised in excess of the aggregate cap on Cure Rights contemplated by Section 6.01(b) over
the life of this Agreement and/or the Cure Right has previously been exercised twice in the applicable four consecutive Fiscal Quarter
period), and then only to the extent the Cure Amount has not been received on or prior to such date; or

 

(d)           Breach
of Representations, Etc. Any representation, warranty or certification made or deemed made by any Loan Party in any Loan Document
or in any certificate required to be delivered in connection herewith or therewith (including, for the avoidance of doubt, any Perfection
Certificate) being untrue in any material respect as of the date made or deemed made; it being understood and agreed that (i) any
breach of any representation, warranty or certification resulting from the failure of the Administrative Agent to file any Uniform Commercial
Code financing statement, amendment and/or continuation statement or the failure of the Administrative Agent to maintain possession of
any Collateral actually delivered to it shall not result in an Event of Default under this Section 7.01(d) or any other
provision of any Loan Document and (ii) if the relevant representation and warranty is capable of being cured (including by the delivery
of a restated certification or calculation or restated financial statements), no Default or Event of Default may arise under this Section 7.01(d) with
respect to such representation and warranty unless such representation and warranty remains incorrect in any material respect for a period
of 30 days following the delivery of a written notice by the Administrative Agent of the relevant inaccuracy to the Borrower; or

 

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(e)            Other
Defaults Under Loan Documents. Default by any Loan Party in the performance of or compliance with any term contained herein or any
of the other Loan Documents, other than any such term referred to in any other Section of this Article 7, which default
has not been remedied or waived within 30 days after receipt by the Borrower of written notice thereof from the Administrative Agent;
or

 

(f)            Involuntary
Bankruptcy; Appointment of Receiver, Etc. (i) The entry by a court of competent jurisdiction of a decree or order for relief
in respect of the Borrower or any Subsidiary Guarantor (other than any Immaterial Subsidiary) in an involuntary case under any Debtor
Relief Law now or hereafter in effect, which decree or order is not stayed; or any other similar relief in respect of the Borrower or
any Subsidiary Guarantor (other than any Immaterial Subsidiary) shall be granted under any applicable federal, state or local Requirements
of Law, which relief is not stayed; or (ii) the commencement of an involuntary case against the Borrower or any Subsidiary Guarantor
(other than any Immaterial Subsidiary) under any Debtor Relief Law; the entry by a court having jurisdiction in the premises of a decree
or order for the appointment of a receiver, receiver and manager, (preliminary) insolvency receiver, liquidator, sequestrator, trustee,
administrator, custodian or other officer having similar powers over the Borrower or any Subsidiary Guarantor (other than any Immaterial
Subsidiary), or over all or a material part of its property; or the involuntary appointment of an interim receiver, trustee or other custodian
of the Borrower or any Subsidiary Guarantor (other than any Immaterial Subsidiary) for all or a material part of its property, which remains,
in any case under this Section 7.01(f), undismissed, unvacated, unbounded or unstayed pending appeal for 60 consecutive days;
provided that it is understood and agreed that the occurrence of any event described in this clause (f)(ii) will
not result in a Default or Event of Default under this Agreement prior to the expiration of such 60 consecutive day period; or

 

(g)            Voluntary
Bankruptcy; Appointment of Receiver, Etc. (i) The entry against the Borrower or any Subsidiary Guarantor (other than any Immaterial
Subsidiary) of an order for relief in, or the commencement by the Borrower or any Subsidiary Guarantor (other than any Immaterial Subsidiary)
of, a voluntary case under any Debtor Relief Law, or the consent by the Borrower or any Subsidiary Guarantor (other than any Immaterial
Subsidiary) to the entry of an order for relief in an involuntary case or to the conversion of an involuntary case to a voluntary case,
under any Debtor Relief Law, or the consent by the Borrower or any Subsidiary Guarantor (other than any Immaterial Subsidiary) to the
appointment of or taking possession by a receiver, receiver and manager, insolvency receiver, liquidator, sequestrator, trustee, administrator,
custodian or other like official for or in respect of itself or for all or a material part of the property of the Borrower and any Subsidiary
Guarantor (other taken any Immaterial Subsidiary), taken as a whole or (ii) the making by the Borrower or any Subsidiary Guarantor
(other than any Immaterial Subsidiary) of a general assignment for the benefit of creditors; or

 

(h)            Judgments
and Attachments. The entry or filing of one or more final money judgments, writs or warrants of attachment or similar process against
any Loan Party individually or any of their respective assets involving in the aggregate at any time an amount in excess of the Threshold
Amount (in either case, to the extent not adequately covered by indemnity from a third party (including any escrow arrangement), by self-insurance
(if applicable) or by insurance as to which, in the case of any such third party insurance, the relevant third party insurance company
has been notified and not denied coverage), which judgment, writ, warrant or similar process remains unpaid, undischarged, unvacated,
unbonded or unstayed pending appeal for a period of 60 consecutive days; provided that it is understood and agreed that the occurrence
of any event described in this clause (h) will not result in a Default or Event of Default under this Agreement prior
to the expiration of such 60 consecutive day period; or

 

(i)            Employee
Benefit Plans. The occurrence of one or more ERISA Events with respect to any Loan Party, which individually or in the aggregate result
in liability of any Loan Party in an aggregate amount which would reasonably be expected to result in a Material Adverse Effect; or

 

(j)            Change
of Control. The occurrence of a Change of Control; or

 

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(k)            Guaranties,
Collateral Documents and Other Loan Documents. At any time after the execution and delivery thereof, (i) any material Loan Guaranty
for any reason, other than the occurrence of the Termination Date, shall cease to be in full force and effect (other than in accordance
with its terms) or shall be declared, by a court of competent jurisdiction, to be null and void or any Loan Guarantor shall repudiate
in writing its obligations thereunder (in each case, other than as a result of the discharge of such Loan Guarantor in accordance with
the terms thereof and other than as a result of any act or omission by the Administrative Agent or any Lender), (ii) this Agreement
or any material Collateral Document ceases to be in full force and effect or shall be declared, by a court of competent jurisdiction,
to be null and void or any Lien on a material portion of the Collateral created under any Collateral Document ceases to be perfected with
respect to a material portion of the Collateral (other than (A) Collateral consisting of Material Real Estate Assets to the extent
that the relevant losses are covered by a lender’s title insurance policy and such insurer has not denied coverage or (B) solely
by reason of (1) such perfection not being required pursuant to the Collateral and Guarantee Requirement, the Collateral Documents,
this Agreement or otherwise, (2) the failure of the Administrative Agent to maintain possession of any Collateral actually delivered
to it or the failure of the Administrative Agent to file Uniform Commercial Code financing statements, amendments or continuation statements,
(3) a release of Collateral in accordance with the terms hereof or thereof or (4) the occurrence of the Termination Date or
any other termination of such Collateral Document in accordance with the terms thereof) or (iii) other than in any bona fide, good
faith dispute as to the scope of Collateral or whether any Lien has been, or is required to be released, any Loan Party shall contest
in writing, the validity or enforceability of any material provision of any Loan Document (or any Lien purported to be created by the
Collateral Documents on any material portion of the Collateral or any Loan Guaranty) or deny in writing that it has any further liability
(other than by reason of the occurrence of the Termination Date or any other termination of any other Loan Document in accordance with
the terms thereof), including with respect to future advances by the Lenders, under any Loan Document to which it is a party; it being
understood and agreed that the failure of the Administrative Agent to file any Uniform Commercial Code financing statement, amendment
or continuation statement and/or maintain possession of any physical Collateral shall not result in an Event of Default under this Section 7.01(k) or
any other provision of any Loan Document;

 

(l)            Subordination.
The Obligations ceasing or the assertion in writing by any Loan Party that the Obligations cease to constitute senior indebtedness under
the subordination provisions of any document or instrument evidencing any Restricted Debt or any such subordination provision being invalidated
by a court of competent jurisdiction in a final non-appealable order, or otherwise ceasing, for any reason, to be valid, binding and enforceable
obligations of the parties thereto;

 

then, and in every such event (other than (x) an
event with respect to the Borrower described in Section 7.01(f) or Section 7.01(g) and/or (y) any
Event of Default arising under Section 7.01(c) (to the extent arising from a breach of Section 6.10(a)),
at any time thereafter during the continuance of such event, the Administrative Agent may and at the request of the Required Lenders,
shall by notice to the Borrower, take any of the following actions, at the same or different times: (i) terminate the Revolving Credit
Commitments, and thereupon such Commitments shall terminate immediately, (ii) declare the Loans then outstanding to be due and payable
in whole (or in part, in which case any principal not so declared to be due and payable may thereafter be declared to be due and payable),
and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other
obligations of the Borrower accrued hereunder, shall become due and payable immediately, without presentment, demand, protest or other
notice of any kind, all of which are hereby waived by the Borrower and (iii) require that the Borrower deposit in the LC Collateral
Account an additional amount in Cash as reasonably requested by the Issuing Banks (not to exceed 100% of the relevant face amount) of
the then outstanding LC Exposure (minus the amount then on deposit in the LC Collateral Account); provided, that (A) upon
the occurrence of an event with respect to the Borrower described in Section 7.01(f) or Section 7.01(g),
any such Commitments shall automatically terminate and the principal of the Loans then outstanding, together with accrued interest thereon
and all fees and other obligations of the Borrower accrued hereunder, shall automatically become due and payable, without presentment,
demand, protest or other notice of any kind, all of which are hereby waived by the Borrower, and the obligation of the Borrower to Cash
collateralize the outstanding Letters of Credit as aforesaid shall automatically become effective, in each case, without further action
of the Administrative Agent or any Lender and (B) during the continuance of any Event of Default arising under Section 7.01(c) (to
the extent resulting from a breach of Section 6.10(a)), (X) solely upon the request of the Required Revolving Lenders
(but not the Required Lenders or any other Lender or group of Lenders), the Administrative Agent shall, by notice to the Borrower, (1) terminate
the Revolving Credit Commitments, and thereupon such Revolving Credit Commitments shall terminate immediately, (2) declare the Revolving
Loans then outstanding to be due and payable in whole (or in part, in which case any principal not so declared to be due and payable may
thereafter be declared to be due and payable), and thereupon the principal of the Revolving Loans so declared to be due and payable, together
with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall become due and payable immediately,
without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower and (3) require
that the Borrower deposit in the LC Collateral Account an additional amount in Cash as reasonably requested by the Issuing Banks (not
to exceed 100% of the relevant face amount) of the then outstanding LC Exposure (minus the amount then on deposit in the LC Collateral
Account) and (Y) subject to the Standstill, the Administrative Agent may, and at the request of the Required Lenders shall, by notice
to the Borrower, declare the Loans then outstanding to be due and payable in whole (or in part, in which case any principal not so declared
to be due and payable may thereafter be declared to be due and payable), and thereupon the principal of the Loans so declared to be due
and payable, together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall become
due and payable immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower.
Upon the occurrence and during the continuance of an Event of Default, the Administrative Agent may, and at the request of the Required
Lenders, shall exercise any rights and remedies provided to the Administrative Agent under the Loan Documents or at law or equity, including
all remedies provided under the UCC.

 

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ARTICLE
8

 

THE ADMINISTRATIVE AGENT

 

Section 8.01.     Appointment
and Authorization of Administrative Agent. Each of the Lenders and the Issuing Banks, on behalf of itself and its applicable Affiliates
in their respective capacities as such and as counterparties under Hedge Agreements and/or providers of Banking Services, as applicable,
hereby irrevocably appoint Credit Suisse (or any successor appointed pursuant hereto) as Administrative Agent and authorizes the Administrative
Agent to take such actions on its behalf, including execution of the other Loan Documents, and to exercise such powers as are delegated
to the Administrative Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental thereto.

 

Section 8.02.     Rights
as a Lender. Any Person serving as Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender
as any other Lender and may exercise the same as though it were not the Administrative Agent, and the term “Lender” or “Lenders”
shall, unless otherwise expressly indicated, unless the context otherwise requires or unless such Person is in fact not a Lender, include
each Person serving as Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from,
lend money to, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business with any
Loan Party or any subsidiary of any Loan Party or other Affiliate thereof as if it were not the Administrative Agent hereunder. The Lenders
acknowledge that, pursuant to such activities, the Administrative Agent or its Affiliates may receive information regarding any Loan Party
or any of its Affiliates (including information that may be subject to confidentiality obligations in favor of such Loan Party or such
Affiliate) and acknowledge that the Administrative Agent shall not be under any obligation to provide such information to them.

 

Section 8.03.     Exculpatory
Provisions. The Administrative Agent shall not have any duties or obligations except those expressly set forth in the Loan Documents.
Without limiting the generality of the foregoing:

 

(a)            the
Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default or Event of Default
exists, and the use of the term “agent” herein and in the other Loan Documents with reference to the Administrative Agent
is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable Requirements
of Law; it being understood that such term is used merely as a matter of market custom, and is intended to create or reflect only an administrative
relationship between independent contracting parties;

 

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(b)            the
Administrative Agent shall not have any duty to take any discretionary action or exercise any discretionary power, except discretionary
rights and powers that are expressly contemplated by the Loan Documents and which the Administrative Agent is required to exercise in
writing as directed by the Required Lenders or Required Revolving Lenders (or such other number or percentage of the Lenders as shall
be necessary under the relevant circumstances as provided in Section 9.02); provided, that the Administrative Agent
shall not be required to take any such action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent
to liability or that is contrary to any Loan Document or applicable Requirements of Law;

 

(c)            except
as expressly set forth in the Loan Documents, the Administrative Agent shall not have any duty to disclose, and shall not be liable for
the failure to disclose, any information relating to Holdings, the Borrower or any of its Restricted Subsidiaries that is communicated
to or obtained by the Person serving as Administrative Agent or any of its Affiliates in any capacity; it being understood that the Administrative
Agent shall not be liable to the Lenders or any other Secured Party for any action taken or not taken by it with the consent or at the
request of the Required Lenders or Required Revolving Lenders (or such other number or percentage of the Lenders as is necessary, or as
the Administrative Agent believes in good faith shall be necessary, under the relevant circumstances as provided in Section 9.02)
or in the absence of its own gross negligence or willful misconduct, as determined by the final judgment of a court of competent jurisdiction,
in connection with its duties expressly set forth herein; and

 

(d)            the
Administrative Agent shall not be deemed to have knowledge of any Default or Event of Default unless and until written notice thereof
is given to the Administrative Agent by the Borrower or any Lender and such written notice is clearly identified as a “notice of
default”, and the Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement,
warranty or representation made in or in connection with any Loan Document, (ii) the contents of any certificate, report or other
document delivered hereunder or in connection with any Loan Document, (iii) the performance or observance of any covenant, agreement
or other term or condition set forth in any Loan Document or the occurrence of any Default or Event of Default, (iv) the validity,
enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document, (v) the creation,
perfection or priority of any Lien on the Collateral or the existence, value or sufficiency of the Collateral or to assure that the Liens
granted to the Administrative Agent pursuant to any Loan Document have been or will continue to be properly or sufficiently or lawfully
created, perfected or enforced or are entitled to any particular priority, (vi) the satisfaction of any condition set forth in Article 4
or elsewhere in any Loan Document, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent
or (vii) any property, book or record of any Loan Party or any Affiliate thereof.

 

Section 8.04.     Exclusive
Right to Enforce Rights and Remedies. Notwithstanding anything to the contrary contained herein or in any of the other Loan Documents,
the Borrower, the Administrative Agent and each Secured Party agree that:

 

(a)            (i) no
Secured Party shall have any right individually to realize upon any of the Collateral or to enforce the provisions of any Loan Document,
including this Agreement, the Security Agreement and/or the Loan Guaranty; it being understood that any right to enforce any such provision
(including to realize upon the Collateral or enforce any Loan Guaranty) against any Loan Party pursuant hereto or pursuant to any other
Loan Document may be exercised solely by the Administrative Agent on behalf of the Secured Parties in accordance with the terms hereof
or thereof, (ii) each Lender, each Issuing Bank and/or each counterparty to a Hedge Agreement and/or any agreement governing any
Banking Services Obligation that is a Secured Party, in each case in their respective capacities as such, waives its right to commence
any action, suit or litigation against any Loan Party in connection with the Loan Documents without the consent of the Required Lenders
and (iii) in the event of a foreclosure by the Administrative Agent on any of the Collateral pursuant to a public or private sale
or in the event of any other Disposition (including pursuant to Section 363 of the Bankruptcy Code), (A) the Administrative
Agent, as agent for and representative of the Secured Parties, shall be entitled, for the purpose of bidding and making settlement or
payment of the purchase price for all or any portion of the Collateral sold at any such sale, to use and apply all or any portion of the
Obligations as a credit on account of the purchase price for any Collateral payable by the Administrative Agent at such sale or other
Disposition and (B) the Administrative Agent or any Lender may be the purchaser or licensor of all or any portion of such Collateral
at any such Disposition;

 

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(b)            no
holder of any Secured Hedging Obligation or Banking Services Obligation in its respective capacity as such shall have any rights in connection
with the management or release of any Collateral or of the obligations of any Loan Party under this Agreement; and

 

(c)            each
Secured Party agrees that the Administrative Agent may in its sole discretion, but is under no obligation to credit bid any part of the
Secured Obligations or to purchase or retain or acquire any portion of the Collateral.

 

Section 8.05.     Reliance
by Administrative Agent. The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying upon,
any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet
or intranet website posting or other distribution) that it believes to be genuine and to have been signed, sent or otherwise authenticated
by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to
have been made by the proper Person and shall not incur any liability for relying thereon. In determining compliance with any condition
hereunder to the making of a Loan, or the issuance of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a
Lender or the applicable Issuing Bank, the Administrative Agent may presume that such condition is satisfactory to such Lender unless
the Administrative Agent has received notice to the contrary from such Lender or Issuing Bank prior to the making of such Loan or the
issuance of such Letter of Credit. The Administrative Agent may consult with legal counsel (who may be counsel for the Borrower), independent
accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice
of any such counsel, accountants or experts.

 

Section 8.06.     Delegation
of Duties. The Administrative Agent may perform any and all of its duties and exercise its rights and powers by or through any one
or more sub-agents appointed by it. The Administrative Agent and any such sub-agent may perform any and all of their respective duties
and exercise their respective rights and powers through their respective Related Parties. The exculpatory provisions of this Article shall
apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent and shall apply to their respective
activities in connection with the syndication of the credit facilities provided for herein as well as activities as the Administrative
Agent.

 

Section 8.07.     Successor
Administrative Agent.

 

(a)            The
Administrative Agent may resign at any time by giving 30 days’ prior written notice to the Lenders, the Issuing Banks and the Borrower;
provided that if no successor agent is appointed in accordance with the terms set forth below within such 30-day period, the Administrative
Agent’s resignation shall not be effective until the earlier to occur of (i) the date of the appointment of the successor agent
or (ii) the date that is specified in such notice (which shall be no earlier than 30 days after the date thereof) (or such later
date as the resigning Administrative Agent may agree). If the Administrative Agent is a Defaulting Lender or an Affiliate of a Defaulting
Lender, either the Required Lenders or the Borrower may, upon ten days’ notice, remove the Administrative Agent; provided
that if no successor agent is appointed in accordance with the terms set forth below within such 30-day period, the Administrative Agent’s
removal shall, at the option of the Borrower, not be effective until the earlier to occur of (A) the date of the appointment of the
successor agent or (B) the date that is 30 days after the last day of such 30-day period (or such later date as the Borrower may
agree). Upon receipt of any such notice of resignation or delivery of any such notice of removal, the Required Lenders shall have the
right, with the consent of the Borrower (not to be unreasonably withheld or delayed), to appoint a successor Administrative Agent which
shall be a commercial bank, trust company or other Person acceptable to the Borrower, in each case, with offices in the US having combined
capital and surplus in excess of $1,000,000,000; provided, that during the existence of an Event of Default under Section 7.01(a) or,
with respect to the Borrower, Sections 7.01(f) or (g), no consent of the Borrower shall be required.

 

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(b)            If
no successor has been appointed as provided above and accepted such appointment within 30 days after the resigning Administrative Agent
gives notice of its resignation or the Administrative Agent receives notice of removal (or such later date as the resigning Administrative
Agent may agree), then (i) in the case of a resignation, the resigning Administrative Agent may (but shall not be obligated to),
on behalf of the Lenders and the Issuing Banks, appoint a successor Administrative Agent meeting the qualifications set forth above (including,
for the avoidance of doubt, the consent of the Borrower) or (ii) in the case of a removal, the Borrower may, after consulting with
the Required Lenders, appoint a successor Administrative Agent meeting the qualifications set forth above; provided, that (A) in
the case of a resignation, if the Administrative Agent notifies the Borrower, the Lenders and the Issuing Banks that no qualifying Person
has accepted such appointment or (B) in the case of a removal, the Borrower notifies the Required Lenders that no qualifying Person
has accepted such appointment, then, in each case, such resignation or removal shall nonetheless become effective in accordance with the
provisos to the first two sentences in Section 8.07(a), as applicable (unless the resigning Administrative Agent has agreed
in its sole discretion to extend the effectiveness of its resignation) and (1) the resigning or removed Administrative Agent shall
be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral
security held by the Administrative Agent in its capacity as collateral agent for the Secured Parties for purposes of maintaining the
perfection of the Lien on the Collateral securing the Secured Obligations, the resigning Administrative Agent shall continue to hold such
collateral security until such time as a successor Administrative Agent is appointed) and (2) all payments, communications and determinations
required to be made by, to or through the Administrative Agent shall instead be made by or to each Lender and each Issuing Bank directly
(and each Lender and each Issuing Bank will cooperate with the Borrower to enable the Borrower to take such actions), until such time
as the Required Lenders or the Borrower, as applicable, appoint a successor Administrative Agent, as provided above in this Article 8.

 

(c)            Upon
the acceptance of its appointment as Administrative Agent hereunder as a successor Administrative Agent, the successor Administrative
Agent shall succeed to and become vested with all the rights, powers, privileges and duties of the resigning or removed Administrative
Agent (other than any rights to indemnity payments owed to the resigning Administrative Agent), and the resigning or removed Administrative
Agent shall be discharged from its duties and obligations hereunder (if not already discharged therefrom as expressly provided above in
this Section 8.07) (other than its obligations under Section 9.13 hereof).

 

(d)            The
fees payable by the Borrower to any successor Administrative Agent shall not be greater than those payable to its predecessor unless otherwise
expressly agreed in writing between the Borrower and such successor Administrative Agent.

 

(e)            After
the Administrative Agent’s resignation or removal hereunder, the provisions of this Article and Section 9.03 shall
continue in effect for the benefit of such resigning or removed Administrative Agent, its sub-agents and their respective Related Parties
in respect of any action taken or omitted to be taken by any of them while the relevant Person was acting as Administrative Agent (including
for this purpose holding any collateral security following the resignation or removal of the Administrative Agent).

 

(f)            Notwithstanding
anything to the contrary herein, no Disqualified Institution (nor any Affiliate thereof) may be appointed as a successor Administrative
Agent.

 

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Section 8.08.     Non-Reliance
on Administrative Agent. Each of each Lender and each Issuing Bank acknowledges that it has, independently and without reliance upon
the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it has deemed
appropriate, made its own credit analysis and decision to enter into this Agreement. Each of each Lender and each Issuing Bank also acknowledges
that it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their respective 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 related agreement or any document furnished
hereunder or thereunder. Except for notices, reports and other documents expressly required to be furnished to the Lenders and the Issuing
Banks by the Administrative Agent herein, the Administrative Agent shall not have any duty or responsibility to provide any Lender or
any Issuing Bank with any credit or other information concerning the business, prospects, operations, property, financial and other condition
or creditworthiness of any of the Loan Parties or any of their respective Affiliates which may come into the possession of the Administrative
Agent or any of its Related Parties.

 

Notwithstanding anything to
the contrary herein, the Arrangers shall not have any right, power, obligation, liability, responsibility or duty under this Agreement,
except in their respective capacities as the Administrative Agent, an Issuing Bank or a Lender hereunder, as applicable.

 

Section 8.09.     Collateral
and Guarantee Matters. Each Lender and each other Secured Party irrevocably authorizes and instructs the Administrative Agent to,
and the Administrative Agent shall:

 

(a)            release
(or evidence the release of) any Lien on any property granted to or held by Administrative Agent under any Loan Document (i) upon
the occurrence of the 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 Disposition permitted under (or not restricted by) the Loan Documents (subject to the last paragraph of Section 6.07),
(iii) that does not constitute (or ceases to constitute) Collateral (and/or otherwise becomes an Excluded Asset), (iv) if the
property subject to such Lien is owned by a Subsidiary Guarantor, upon the release of such Subsidiary Guarantor from its Loan Guaranty
otherwise in accordance with the Loan Documents, (v) as required under clause (d) below, (vi) pursuant to the provisions
of any applicable Loan Document or (vii) if approved, authorized or ratified in writing by the Required Lenders in accordance with
Section 9.02;

 

(b)            subject
to Section 9.22, release (or evidence the release of) any Subsidiary Guarantor from its obligations under the Loan Guaranty
(i) if such Person ceases to be a Restricted Subsidiary (or is or becomes an Excluded Subsidiary as a result of a single transaction
or series of related transactions not prohibited hereunder) and/or (ii) in the case of any Discretionary Guarantor, at the election
of the Borrower, upon notice from the Borrower to the Administrative Agent at any time; provided that if any Subsidiary Guarantor
ceases to constitute a Wholly-Owned Subsidiary, such Subsidiary Guarantor shall not be released from its Loan Guaranty unless (A) such
Subsidiary Guarantor is no longer a direct or indirect subsidiary of the Borrower, (B) after giving pro forma effect to such release
and the consummation of the relevant transaction, the Borrower is deemed to have made a new Investment in such Person (as if such Person
was then newly acquired) and such Investment is permitted by the Loan Documents or (C) such Dispositions of Capital Stock is a good
faith Disposition to a bona fide unaffiliated third party (as determined by the Borrower in good faith) for fair market value and for
a bona fide business purpose (as determined by the Borrower in good faith); it being understood that this proviso shall not limit the
release of any Subsidiary Guarantor that otherwise constitutes an Excluded Subsidiary for any reason other than not constituting a Wholly-Owned
Subsidiary of the Borrower (this proviso, the “Specified Guarantor Release Provision”);

 

(c)            subordinate
any Lien on any property granted to or held by the Administrative Agent under any Loan Document to the holder of any Lien on such property
that is permitted by Sections 6.02(d), 6.02(e), 6.02(g)(i), 6.02(l), 6.02(m), 6.02(n), 6.02(o) (other
than any Lien on the Capital Stock of any Subsidiary Guarantor), 6.02(q), 6.02(r), 6.02(s) (to the extent the
relevant Lien is of the type to which the Lien of the Administrative Agent is otherwise required to be subordinated under this clause
(c) pursuant to any of the other exceptions to Section 6.02 that are expressly included in this clause (c)),
6.02(u) (to the extent the relevant Lien is of the type to which the Lien of the Administrative Agent is otherwise required
to be subordinated under this clause (c) pursuant to any of the other exceptions to Section 6.02 that are expressly
included in this clause (c)), 6.02(x), 6.02(y), 6.02(z)(i), 6.02(bb), 6.02(cc), 6.02(dd)
(in the case of clause (ii) thereof, to the extent the relevant Lien covers cash collateral posted to secure the relevant
obligation), 6.02(ee), 6.02(ff), 6.02(gg), 6.02(hh), 6.02(ii), 6.02(mm) and/or 6.02(pp) (to the extent
the relevant Lien is of the type to which the Lien of the Administrative Agent is otherwise required to be subordinated under this clause
(c) pursuant to any of the other exceptions to Section 6.02 that are expressly included in this clause (c))
(and, in each case, any Lien securing any Refinancing Indebtedness in respect of any thereof to the extent such Refinancing Indebtedness
is permitted to be secured under Section 6.02(k));

 

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(d)            enter
into subordination, intercreditor, collateral trust and/or similar agreements (including any Intercreditor Agreement and/or any amendment
to any Intercreditor Agreement) with respect to any Indebtedness that is (i) required or permitted to be subordinated hereunder and/or
(ii) secured by Liens, and with respect to which Indebtedness, this Agreement contemplates an intercreditor, subordination, collateral
trust or similar agreement, with each of the Lenders and the other Secured Parties irrevocably agreeing to the treatment of the Lien on
the Collateral securing the Secured Obligations as set forth in any such agreement and that it will be bound by and will take no action
contrary to the provisions of any such agreement; and

 

(e)            execute
and/or deliver, as applicable, any amendment to any UCC financing statement and/or any other document evidencing the security interest
granted pursuant to the Collateral Documents to indicate that Excluded Assets and/or other assets that do not constitute Collateral are
not subject to the security interest granted pursuant to the Collateral Documents.

 

Upon the request of the Administrative
Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release or subordinate its
interest in particular types or items of property, or to release any Loan Party from its obligations under the Loan Guaranty or its Lien
on any Collateral pursuant to this Article 8. In each case as specified in this Article 8, the Administrative
Agent will (and each Lender, and each Issuing Bank hereby authorizes the Administrative Agent to), without recourse or warranty (other
than as to the Administrative Agent’s authority to execute and deliver the same) and at the Borrower’s expense, execute and
deliver to the applicable Loan Party such documents as such Loan Party may reasonably request to evidence the release of such item of
Collateral from the assignment and security interest granted under the Collateral Documents, to subordinate its interest therein, or to
release such Loan Party from its obligations under the Loan Guaranty, in each case in accordance with the terms of the Loan Documents
and this Article 8; provided, that upon the request of the Administrative Agent, the Borrower shall deliver a certificate
of a Responsible Officer certifying that the relevant transaction has been consummated in compliance with the terms of this Agreement.

 

Notwithstanding anything to
the contrary in this Section 8.09 or in any other provision of any Loan Document, each Lender and each other Secured Party
hereby authorizes the Administrative Agent to, and the Administrative Agent shall, execute and deliver any instruments, documents, consents,
acknowledgments, and agreements necessary or desirable to evidence, effectuate or confirm the release of any Subsidiary Guarantor or Collateral
or the subordination of any Lien pursuant to the provisions of this Section 8.09.

 

It is understood and agreed
that, notwithstanding anything to the contrary herein, in any other Loan Document and/or in the documentation governing any Hedge Agreement
and/or any agreement governing Banking Services, (a) unless otherwise agreed to by the Borrower and any applicable counterparty to
any agreement governing any Secured Hedging Obligation and/or any Banking Service, the obligations of Holdings, the Borrower or any subsidiary
under any such agreement shall be secured and guaranteed pursuant to the Collateral Documents and the Loan Guaranty only to the extent
that, and for so long as, the Obligations are so secured and guaranteed and (b) any release of any Lien on any Collateral and/or
any Guarantor effected in a manner permitted by this Agreement and/or any other Loan Document shall not require the consent of any such
counterparty.

 

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Section 8.10.     Intercreditor
Agreements. The Administrative Agent is authorized by the Lenders and each other Secured Party to, and shall, enter into any Intercreditor
Agreement and any other intercreditor, subordination, collateral trust or similar agreement contemplated hereby with respect to any (a) Indebtedness
(i) that is (A) required or permitted hereunder to be subordinated in right of payment or with respect to security and/or (B) secured
by any Lien and (ii) which contemplates an intercreditor, subordination, collateral trust or similar agreement and/or (b) Secured
Hedging Obligations and/or Banking Services Obligations, whether or not constituting Indebtedness (any such other intercreditor, subordination,
collateral trust and/or similar agreement an “Additional Agreement”), and the Secured Parties party hereto acknowledge
that any Intercreditor Agreement and any other Additional Agreement is binding upon them. Each Lender and each other Secured Party hereto
hereby (a) agrees that it will be bound by, and will not take any action contrary to, the provisions of any Intercreditor Agreement
or any other Additional Agreement and (b) authorizes and instructs the Administrative Agent to enter into any Intercreditor Agreement
and/or any other Additional Agreement and to subject the Liens on the Collateral securing the Secured Obligations to the provisions thereof.
The foregoing provisions are intended as an inducement to the Lenders and the other Secured Parties to extend credit to the Borrower,
and the Lenders and the other Secured Parties are intended third-party beneficiaries of such provisions and the provisions of any Intercreditor
Agreement and/or any other Additional Agreement.

 

Section 8.11.     Indemnification
of Administrative Agent. To the extent that the Administrative Agent (or any Affiliate thereof) is not reimbursed and indemnified
by the Borrower in accordance with and to the extent required by Section 9.03(b) hereof, the Lenders will reimburse and
indemnify the Administrative Agent (and any Affiliate thereof) in proportion to their respective Applicable Percentages (determined as
if there were no Defaulting Lenders) for and against any and all liabilities, obligations, losses, damages, penalties, claims, actions,
judgments, costs, expenses or disbursements of whatsoever kind or nature which may be imposed on, asserted against or incurred by the
Administrative Agent (or any Affiliate thereof) in performing its duties hereunder or under any other Loan Document or in any way relating
to or arising out of this Agreement or any other Loan Document; provided that no Lender shall be liable for any portion of such
liabilities, obligations, losses, damages, penalties, claims, actions, judgments, suits, costs, expenses or disbursements resulting from
the Administrative Agent’s (or such affiliate’s) gross negligence or willful misconduct (as determined by a court of competent
jurisdiction in a final and non-appealable decision).

 

Section 8.12.     Withholding
Taxes. To the extent required by any applicable Requirements of Law (as determined in good faith by the Administrative Agent), the
Administrative Agent may withhold from any payment to any Lender under any Loan Document an amount equivalent to any applicable withholding
Tax. Without limiting or expanding the provisions of Section 2.17, each Lender shall indemnify and hold harmless the Administrative
Agent against, and shall make payable in respect thereof within ten days after demand therefor, any and all Taxes and any and all related
losses, claims, liabilities and expenses (including fees, charges and disbursements of any counsel for the Administrative Agent) incurred
by or asserted against the Administrative Agent by the IRS or any other Governmental Authority as a result of the failure of the Administrative
Agent to properly withhold Tax from amounts paid to or for the account of such Lender for any reason (including because the appropriate
form was not delivered or not properly executed, because such Lender failed to notify the Administrative Agent of a change in circumstance
that rendered the exemption from, or reduction of withholding Tax ineffective or because such Lender failed to maintain a Participant/SPC
Register in the manner required by Section 9.05(c)). 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 the Administrative Agent under this paragraph. The agreements in this paragraph shall survive the resignation or replacement
of the Administrative Agent or any assignment of rights by, or the replacement of, any Lender, the termination of the Commitments and
the repayment, satisfaction or discharge of all obligations under any Loan Document. For the avoidance of doubt, the term “Lender”
shall, for all purposes of this paragraph, include any Issuing Bank.

 

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Section 8.13.     Administrative
Agent May File Proofs of Claim. In case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization,
arrangement, adjustment, composition or other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of
whether the principal of any Loans shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of
whether the Administrative Agent shall have made any demand on the Loan Parties) 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 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 Secured
Parties and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the
Secured Parties and the Administrative Agent and their respective agents and counsel and all other amounts due the Secured Parties and
the Administrative Agent under Sections 2.12 and 9.03) 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 Secured Party to make
such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments
directly to the Secured Parties, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements
and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections
2.12 and 9.03.

 

Section 8.14.     Erroneous
Payments.

 

(a)            If
the Administrative Agent notifies a Lender, Issuing Bank or Secured Party, or any Person who has received funds on behalf of a Lender, Issuing
Bank or Secured Party (any such Lender, Issuing Bank, Secured Party or other recipient, a “Payment Recipient”)
that the Administrative Agent has determined in its sole discretion that any funds received by such Payment Recipient from the Administrative
Agent or any of its Affiliates were erroneously transmitted to, or otherwise erroneously or mistakenly received by, such Payment Recipient
(whether or not known to such Lender, Issuing Bank, Secured Party or other Payment Recipient on its behalf) (any such funds, whether
received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise, individually and collectively,
an “Erroneous Payment”) and demands the return of such Erroneous Payment (or a portion thereof), such Erroneous Payment
shall at all times remain the property of the Administrative Agent and shall be segregated by the Payment Recipient and held in trust
for the benefit of the Administrative Agent, and such Lender, Issuing Bank or Secured Party shall (or, with respect to any Payment
Recipient who received such funds on its behalf, shall cause such Payment Recipient to) promptly, but in no event later than two Business
Days thereafter, return to the Administrative Agent the amount of any such Erroneous Payment (or portion thereof) as to which such a demand
was made, in same day funds (in the currency so received), together with interest thereon in respect of each day from and including the
date such Erroneous Payment (or portion thereof) was received by such Payment Recipient to the date such amount is repaid to the Administrative
Agent in same day funds at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with
banking industry rules on interbank compensation from time to time in effect. A notice of the Administrative Agent to any Payment
Recipient under this clause (a) shall be conclusive, absent manifest error. If a Payment Recipient receives any payment, prepayment
or repayment of principal, interest, fees, distribution or otherwise and does not receive a corresponding payment notice or payment advice
from the Administrative Agent, such payment, prepayment or repayment shall be presumed to be in error absent written confirmation from
the Administrative Agent to the contrary.

 

(b)            Each
Lender, Issuing Bank or Secured Party hereby authorizes the Administrative Agent to set off, net and apply any and all amounts at
any time owing to such Lender, Issuing Bank or Secured Party under any Loan Document, or otherwise payable or distributable by the
Administrative Agent to such Lender, Issuing Bank or Secured Party from any source, against any amount due to the Administrative
Agent under immediately preceding clause (a) or under the indemnification provisions of this Article 8.

 

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(c)            For
so long as an Erroneous Payment (or portion thereof) has not been returned by any Payment Recipient who received such Erroneous Payment
(or portion thereof) (such unrecovered amount, an “Erroneous Payment Return Deficiency”) to the Administrative Agent
after demand therefor in accordance with clause (a) above, (i) the Administrative Agent may elect, in its sole discretion
upon written notice to the relevant Lender, Issuing Bank or Secured Party, that all rights and claims of such Lender, Issuing
Bank or Secured Party with respect to the Loans or other Obligations owed to such Person up to the amount of the corresponding Erroneous
Payment Return Deficiency in respect of such Erroneous Payment (the “Corresponding Amount”) shall immediately vest
in the Administrative Agent upon such election; after such election, with respect to Loans, the Administrative Agent (x) may reflect
its ownership interest in the relevant Loans in a principal amount equal to the Corresponding Amount in the Register, and (y) upon
five business days’ written notice to such Lender may sell such Loan (or portion thereof) to an Eligible Assignee in accordance
with Section 9.05 in respect of the Corresponding Amount, and upon receipt of the proceeds of such sale, the Erroneous Payment
Return Deficiency owing by such Lender shall be reduced by the net proceeds of the sale of such Loan (or portion thereof), and the Administrative
Agent shall retain all other rights, remedies and claims against such Lender (and/or against any Payment Recipient that receives funds
on its behalf), and (ii) each party hereto agrees that, except to the extent that the Administrative Agent has sold such Loans, and
irrespective of whether the Administrative Agent may be equitably subrogated, the Administrative Agent shall be contractually subrogated
to all the rights and interests of such Lender, Issuing Bank or Secured Party with respect to the relevant Erroneous Payment Return
Deficiency (determined after any reductions as a result of any such vesting described in clause (i)) (it being understood and agreed
that aggregate Obligations of the Loan Parties shall not be increased as a result of the application of this clause (ii)). For
the avoidance of doubt, no vesting or sale pursuant to this clause (c) will reduce the Commitments of any Lender or the Letter of
Credit Commitments of any Issuing Bank and such Commitments and Letter of Credit Commitments shall remain available in accordance with
the terms of this Agreement.

 

(d)            The
parties hereto agree that an Erroneous Payment shall not pay, prepay, repay, discharge or otherwise satisfy any Obligations owed by the
Borrower or any other Loan Party, except, in each case, to the extent such Erroneous Payment is, and solely with respect to the amount
of such Erroneous Payment that is, comprised of funds received by the Administrative Agent from the Borrower or any other Loan Party for
the purpose of making such Erroneous Payment.

 

(e)            No
Payment Recipient shall assert any right or claim to an Erroneous Payment, and hereby waives, and is deemed to waive, any claim, counterclaim,
defense or right of set-off or recoupment with respect to any demand, claim or counterclaim by the Administrative Agent for the return
of any Erroneous Payment received, including without limitation waiver of any defense based on “discharge for value” or any
similar doctrine.

 

(f)            Each
party’s obligations, agreements and waivers under this Section 8.14 shall survive the resignation or replacement of
the Administrative Agent, any transfer of rights or obligations by, or the replacement of, a Lender or Issuing Bank, and the occurrence
of the Termination Date.

 

(g)            This
Section 8.14 shall not apply to the disbursement of any proceeds of a Loan to or at the express direction of the Borrower
unless otherwise expressly agreed to in writing by the Borrower.

 

(h)            Notwithstanding
anything to the contrary herein or in any other Loan Document, the Borrower and the Loan Parties shall have no obligations or liabilities
for any actions, consequences or remediation (including the repayment of any amounts) contemplated by this Section 8.14; provided
that under no circumstances shall this Section 8.14(h) affect the Borrower’s or any Loan Parties’ obligations
or liabilities with respect to any Obligations that remain outstanding.

 

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ARTICLE 9

 

MISCELLANEOUS

 

Section 9.01.     Notices.

 

(a)            Except
in the case of notices and other communications expressly permitted to be given by telephone (and subject to paragraph (b) below),
all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service,
mailed by certified or registered mail or sent by email, as follows:

 

(i)            if
to any Loan Party, to such Loan Party in the care of the Borrower at:

 

Sovos Brands Intermediate, Inc.

1901 Fourth St, Suite 200

Berkeley, CA 94710

Attention: Chris Hall

Email: chris@sovosbrands.com

 

with copies to (which shall not constitute
notice to any Loan Party):

 

Advent International Corporation

12
E. 49th Street, 45th Floor

New York, New York 10017

Attention: Ken Prince

Email: KPrince@AdventInternational.com

 

and

 

Weil, Gotshal & Manges LLP

767 Fifth Avenue

New York, New York 10153

Attention: Allison Liff

Email: allison.liff@weil.com

 

(ii)            if
to the Administrative Agent, at:

 

Credit Suisse AG, Cayman Islands Branch

Attn: Loan Operations – Agency Manager

Eleven Madison Avenue, 8th Floor

New York, New York 10010

Fax: 212-322-2291

Email: agency.loanops@credit-suisse.com

 

(iii)            if
to any Issuing Bank, at:

 

if
to Credit Suisse as Issuing Bank:

 

Credit Suisse AG, Cayman Islands Branch

Attn: Trade Finance Services Department

Eleven Madison Avenue, 8th Floor

New York, New York 10010

Telephone: 212-325-5397

Email: list.ib-lettersofcredit-ny@credit-suisse.com

 

if to any other Issuing Bank that is an Issuing Bank on the
Closing Date, the relevant address specified in Schedule 9.01(b).

 

or

 

if to any other Issuing Bank, such address as may be specified
in the documentation pursuant to which such Issuing Bank is appointed in its capacity as such;

 

(iv)          if
to any Lender, to it at its physical address or email address set forth in its Administrative Questionnaire.

 

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All such notices and other communications (A) sent
by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when delivered in
person or by courier service and signed for against receipt thereof or three Business Days after dispatch if sent by certified or registered
mail, in each case, delivered, sent or mailed (properly addressed) to the relevant party as provided in this Section 9.01
or in accordance with the latest unrevoked direction from such party given in accordance with this Section 9.01 or (B) sent
by facsimile shall be deemed to have been given when sent and when receipt has been confirmed by telephone; provided that notices
and other communications sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal business
hours for the recipient, such notices or other communications shall be deemed to have been given at the opening of business on the next
Business Day for the recipient). Notices and other communications delivered through electronic communications to the extent provided in
clause (b) below shall be effective as provided in such clause (b).

 

(b)            Notices
and other communications to the Lenders hereunder may be delivered or furnished by electronic communications (including e-mail and Internet
or intranet websites) pursuant to procedures set forth herein or otherwise approved by the Administrative Agent. The Administrative Agent
or the Borrower (on behalf of any Loan Party) may, in its discretion, agree to accept notices and other communications to it hereunder
by electronic communications pursuant to procedures set forth herein or otherwise approved by it; provided that approval of such
procedures may be limited to particular notices or communications. All such notices and other communications (i) sent to an e-mail
address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return
receipt requested” function, as available, return e-mail or other written acknowledgement); provided that any such notice
or communication not given during the normal business hours of the recipient shall be deemed to have been given at the opening of business
on the next Business Day for the recipient or (ii) posted to an Internet or intranet website shall be deemed received upon the deemed
receipt by the intended recipient at its e-mail address as described in the foregoing clause (b)(i) of notification that such
notice or communication is available and identifying the website address therefor.

 

(c)            Any
party hereto may change its address or facsimile number or other notice information hereunder by notice to the other parties hereto; it
being understood and agreed that the Borrower may provide any such notice to the Administrative Agent as recipient on behalf of itself,
each Issuing Bank and each Lender.

 

(d)            The
Borrower hereby acknowledges that (a) the Administrative Agent will make available to the Lenders and the Issuing Banks materials
and/or information provided by, or on behalf of, Holdings or the Borrower hereunder (collectively, the “Borrower Materials”)
by posting the Borrower Materials on the Platform and (b) certain of the Lenders may be “public-side” Lenders (i.e.,
Lenders that do not wish to receive material nonpublic information within the meaning of the US federal securities laws with respect to
Holdings, the Borrower or their respective securities) (each, a “Public Lender”). At the reasonable request of the
Administrative Agent, the Borrower hereby agrees that (i) all Borrower Materials that are to be made available to Public Lenders
shall be clearly and conspicuously marked “PUBLIC”, (ii) by marking Borrower Materials “PUBLIC,” the Borrower
shall be deemed to have authorized the Administrative Agent and the Lenders to treat such Borrower Materials as information of a type
that would (A) customarily be made publicly available (or could be derived from publicly available information), as determined by
the Borrower, if the Borrower were to become a public reporting company or (B) would not be material with respect to Holdings, the
Borrower, their respective subsidiaries, any of their respective securities or the Transactions, as determined in good faith by the Borrower,
for purposes of the US federal securities laws and (iii) the Administrative Agent shall be required to treat Borrower Materials that
are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not marked as “Public Investor.”
Notwithstanding the foregoing, the Loan Documents shall be deemed to be marked “PUBLIC,” unless the Borrower notifies the
Administrative Agent promptly that any such document contains material nonpublic information (it being understood that the Borrower shall
have a reasonable opportunity to review the same prior to distribution and comply with SEC or other applicable disclosure obligations).

 

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

 

THE PLATFORM IS PROVIDED
 “AS IS” AND “AS AVAILABLE.” NEITHER THE ADMINISTRATIVE AGENT NOR ANY OF ITS RELATED PARTIES WARRANTS THE ACCURACY
OR COMPLETENESS OF THE COMMUNICATIONS ON, OR THE ADEQUACY OF, THE PLATFORM, AND EACH EXPRESSLY DISCLAIMS LIABILITY FOR ERRORS OR OMISSIONS
IN ANY SUCH COMMUNICATION. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE, NONINFRINGEMENT OF THIRD-PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS IS MADE BY THE ADMINISTRATIVE
AGENT OR ANY OF ITS RELATED PARTIES IN CONNECTION WITH THE COMMUNICATIONS OR THE PLATFORM. IN NO EVENT SHALL ANY PARTY HERETO OR ANY OF
ITS RELATED PARTIES HAVE ANY LIABILITY TO ANY OTHER PARTY HERETO OR ANY OTHER PERSON FOR DAMAGES OF ANY KIND, WHETHER OR NOT BASED ON
STRICT LIABILITY AND INCLUDING DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT,
CONTRACT OR OTHERWISE) ARISING OUT OF ANY LOAN PARTY’S OR THE ADMINISTRATIVE AGENT’S TRANSMISSION OF COMMUNICATIONS THROUGH
THE INTERNET, EXCEPT TO THE EXTENT THE LIABILITY OF ANY SUCH PERSON IS FOUND IN A FINAL RULING BY A COURT OF COMPETENT JURISDICTION TO
HAVE RESULTED FROM SUCH PERSON’S GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OR MATERIAL BREACH OF THIS AGREEMENT.

 

Section 9.02.     Waivers;
Amendments.

 

(a)            No
failure or delay by the Administrative Agent, any Issuing Bank or any Lender in exercising any right or power hereunder or under any other
Loan Document shall operate as a waiver thereof except as provided herein or in any Loan Document, nor shall any single or partial exercise
of any such right or power, or any abandonment or discontinuance of steps to enforce such a right or power, preclude any other or further
exercise thereof or the exercise of any other right or power. The rights and remedies of the Administrative Agent hereunder and under
any other Loan Document are cumulative and are not exclusive of any rights or remedies that they would otherwise have. No waiver of any
provision of any Loan Document or consent to any departure by any party hereto therefrom shall in any event be effective unless the same
is permitted by this Section 9.02, and then such waiver or consent shall be effective only in the specific instance and for
the purpose for which it is given. Without limiting the generality of the foregoing, to the extent permitted by applicable Requirements
of Law, neither the making of any Loan nor the issuance of any Letter of Credit shall be construed as a waiver of any Default or Event
of Default, regardless of whether the Administrative Agent, any Lender or any Issuing Bank may have had notice or knowledge of such Default
or Event of Default at the time.

 

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(b)            Except
as expressly provided in this Section 9.02 (or otherwise in this Agreement or the applicable Loan Document), neither this
Agreement nor any other Loan Document nor any provision hereof or thereof may be waived, amended or modified, except (i) in the case
of this Agreement, pursuant to an agreement or agreements in writing entered into by the Borrower and the Required Lenders (or the Administrative
Agent with the consent of the Required Lenders) or (ii) in the case of any other Loan Document (other than any waiver, amendment
or modification to effectuate any modification thereto expressly contemplated by the terms of such other Loan Document), pursuant to an
agreement or agreements in writing entered into by the Administrative Agent and each Loan Party that is party thereto, with the consent
of the Required Lenders; provided, that, notwithstanding the foregoing:

 

(A)          the
consent of each Lender directly and adversely affected thereby (but not the consent of the Required Lenders) shall be required for any
waiver, amendment or modification that:

 

(1)            increases
the Commitment of such Lender (other than with respect to any Incremental Facility pursuant to Section 2.22 in respect of
which such Lender has agreed to be an Incremental Lender); it being understood that no amendment, modification or waiver of, or consent
to departure from, any condition precedent, representation, warranty, covenant, Default, Event of Default, mandatory prepayment or mandatory
reduction of the Commitments shall constitute an increase of any Commitment of such Lender;

 

(2)            reduces
the principal amount of any Loan owed to such Lender or any amount due to such Lender on any Loan Installment Date;

 

(3)            (x) extends
the scheduled final maturity of any Loan or (y) postpones any Loan Installment Date or any Interest Payment Date with respect to
any Loan held by such Lender or the date of any scheduled payment of any fee or premium payable to such Lender hereunder (in each case,
other than any extension for administrative reasons agreed by the Administrative Agent);

 

(4)            reduces
the rate of interest (other than to waive any Default or Event of Default or any obligation of the Borrower to pay interest to such Lender
at the default rate of interest under Section 2.13(d), which shall only require the consent of the Required Lenders) or the
amount of any fee or premium owed to such Lender; it being understood that no change in the definition of “First Lien Net Leverage
Ratio” or any other ratio used in the calculation of the Applicable Rate or the Commitment Fee Rate, or in the calculation of any
other interest, fee or premium due hereunder (including any component definition thereof) shall constitute a reduction in any rate of
interest or fee hereunder;

 

(5)            extends
the expiry date of such Lender’s Commitment; it being understood that no amendment, modification or waiver of, or consent to departure
from, any condition precedent, representation, warranty, covenant, Default, Event of Default, mandatory prepayment or mandatory reduction
of any Commitment shall constitute an extension of any Commitment of any Lender; and

 

(6)            waives,
amends or modifies the provisions of Sections 2.18(b) or (c) of this Agreement in a manner that would by its terms
alter the pro rata sharing of payments required thereby (except in connection with any transaction permitted under Sections 2.22,
2.23, 9.02(c) and/or 9.05(g) or as otherwise provided in this Section 9.02 or otherwise in
this Agreement);

 

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(B)           no
such agreement shall:

 

(1)            change
(x) any of the provisions of Section 9.02(a) or (b) or the definition of “Required Lenders”,
in each case to reduce any voting percentage required to waive, amend or modify any right thereunder or make any determination or grant
any consent thereunder, without the prior written consent of each Lender or (y) the definition of “Required Revolving Lenders”
to reduce any voting percentage required to waive, amend or modify any right thereunder or make any determination or grant any consent
thereunder, without the prior written consent of each Revolving Lender (it being understood that neither the consent of the Required Lenders
nor the consent of any other Lender shall be required in connection with any change to the definition of “Required Revolving Lenders”);

 

(2)            (A) release
all or substantially all of the Collateral from the Lien granted pursuant to the Collateral Documents (except as otherwise permitted herein
or in the other Loan Documents, including pursuant to Article 8 or Section 9.22), without the prior written consent
of each Lender or (B) prior to the occurrence of an Event of Default under Section 7.01(f) or (g), subordinate
the Lien on a material portion of the Collateral, taken as a whole (as determined by the Borrower in good faith), securing the Secured
Obligations to any other Indebtedness for borrowed money (other than in connection with (I) any Acceptable Debtor-In-Possession Financing,
(II) the implementation of an “asset-based” revolving credit facility, Receivables Facility or similar financing and/or
(III) any other financing with respect to which each relevant Lender has been offered the opportunity to provide such financing)
without the prior written consent of each Lender; or

 

(3)            release
all or substantially all of the value of the Guarantees under the Loan Guaranty (except as otherwise permitted herein or in the other
Loan Documents, including pursuant to Article 8 or Section 9.22), without the prior written consent of each Lender;

 

(C)            solely
with the consent of the Required Revolving Lenders (but without the consent of the Required Lenders or any other Lender), any such agreement
may (x) waive, amend or modify Section 6.10 (or the definition of “First Lien Net Leverage Ratio” or any
component definition thereof, in each case, as any such definition is used solely for purposes of Section 6.10) (other than,
in the case of Section 6.10(a), for purposes of determining compliance with such Section as a condition to taking any
action under this Agreement) (other than as permitted under clause (y)), (y) waive, amend or modify any condition precedent
set forth in Section 4.02 as it pertains to any Revolving Loan and/or (z) any Event of Default resulting from the material
inaccuracy of any representation and/or warranty made as a condition precedent to any Borrowing of any Revolving Loan and/or the issuance
of any Letter of Credit); and

 

(D)            solely
with the consent of the relevant Issuing Bank, any such agreement may (x) increase or decrease the Letter of Credit Sublimit, (y) waive,
amend or modify any condition precedent set forth in Section 4.02 as it pertains to the issuance of any Letter of Credit or
(z) amend or modify the provisions of Section 2.05 or any letter of credit application and any bilateral agreement between
the Borrower and any Issuing Bank regarding such Issuing Bank’s LC Exposure or the respective rights and obligations between the
Borrower and such Issuing Bank in connection with the issuance of Letters of Credit;

 

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(E)            no
such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative Agent, any Issuing Bank hereunder without
the prior written consent of the Administrative Agent, such Issuing Bank.

 

(c)            Notwithstanding
the foregoing, this Agreement may be amended:

 

(i)            with
the written consent of the Borrower and the Lenders providing the relevant Replacement Term Loans to permit the refinancing or replacement
of all or any portion of the outstanding Term Loans under any Class (any such loans being refinanced or replaced, the “Replaced
Term Loans”) with one or more replacement term loans hereunder (“Replacement Term Loans”) pursuant to a Refinancing
Amendment; provided that:

 

(A)            the
aggregate principal amount of any Class of Replacement Term Loans shall not exceed the aggregate principal amount of the relevant
Replaced Term Loans (plus (1) any additional amount permitted to be incurred under Section 6.01 and, to the extent
any such additional amount is secured, the related Lien is permitted under Section 6.02, plus (2) the amount of
any accrued interest, fee, expense, penalty and/or premium (including any tender premium) on the relevant Replaced Term Loans, any committed
but undrawn amount, and/or any underwriting discount, fees and/or initial yield payment associated therewith (including any upfront fee,
original issue discount and/or initial yield payment, commission and/or expense associated with the relevant Replacement Term Loan);

 

(B)            any
Class of Replacement Term Loans (other than Customary Bridge Loans) must have a final maturity date that is equal to or later than
the final maturity date of, and have a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity
of, the applicable Replaced Term Loans at the time of the relevant refinancing; provided that the Borrower may incur Replacement
Term Loans (1) with a final maturity date that is earlier to the final maturity date of the Replaced Term Loans and/or (2) with
a Weighted Average Life to Maturity that is shorter than the Weighted Average Life to Maturity of the then-existing Term Loans in an aggregate
outstanding principal amount not to exceed the then-available Inside Maturity Amount;

 

(C)            any
Class of Replacement Term Loans may be pari passu with or junior to any then-existing Class of Term Loans in right of payment
and may be pari passu with or junior to such Class of Term Loans with respect to the Collateral or unsecured; provided that
any Class of Replacement Term Loans that is junior to any then-existing Class of Term Loan in right of payment or security shall
be subject to an Intercreditor Agreement;

 

(D)            any
Class of Replacement Term Loans that is secured may not be secured by any asset other than Collateral;

 

(E)            any
Class of Replacement Term Loans that is guaranteed may not be guaranteed by any subsidiary of the Borrower other than one or more
Loan Parties;

 

(F)            any
Class of Replacement Term Loans that is pari passu with the Initial Term Loans in right of payment and security may participate (A) in
any voluntary prepayment of Term Loans as set forth in Section 2.11(a)(i) and (B) in any mandatory prepayment of
Term Loans as set forth in Section 2.11(b)(vi);

 

(G)            any
Class of Replacement Term Loans may have pricing (including “MFN” or other pricing terms), interest, fees, rate margins,
rate floors, premiums (including prepayment premiums), funding discounts, and, subject to preceding clause (F), optional prepayment
and redemption terms and, subject to preceding clause (B), an amortization schedule, as the Borrower and the lenders providing
such Class of Replacement Term Loans may agree;

 

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(H)            the
other terms and conditions of any Class of Replacement Term Loans (except as set forth above) shall be deemed satisfactory to the
Administrative Agent so long as any such terms and conditions (1) that are not substantially consistent with those applicable to
the relevant Replaced Term Loans are applicable after the latest Maturity Date of such Class of Replaced Term Loans (in each case,
as of the date of incurrence of such Class of Replacement Term Loans), (2) are substantially identical to, or (taken as a whole)
no more favorable (as determined by the Borrower in good faith) to the lenders providing such Class of Replacement Term Loans than
those applicable to the relevant Replaced Term Loans (other than such terms to which clause (1) is applicable), (3) reflect
then-current market terms and conditions (as determined by the Borrower in good faith) for the applicable type of Indebtedness or (4) are
reasonably acceptable to the Administrative Agent (it being agreed that terms and conditions of any Replacement Term Loans that are more
favorable to the lenders or the agent of such Replacement Term Loans than those contained in the Loan Documents and are then conformed
(or added) to the Loan Documents pursuant to the applicable Refinancing Amendment or otherwise shall be deemed to be satisfactory to the
Administrative Agent); provided that any Replacement Term Loan that constitutes a Customary Term A Loan may include one or more
financial covenants that do not apply for the benefit of any Lender that does not hold such Customary Term A Loan;

 

(I)            Replacement
Term Loans may be provided by any existing Lender or by any other Eligible Assignee; provided that the Administrative Agent shall
have a right to consent (such consent not to be unreasonably withheld, conditioned or delayed) to the relevant Person’s provision
of Replacement Term Loans if such consent would be required under Section 9.05(b) for an assignment of Loans to such
Person; and

 

(J)            the
relevant outstanding Replaced Term Loans and all accrued but unpaid interest and fees then due and payable in connection therewith shall
be paid in full, in each case on the date the applicable Replacement Term Loan is implemented; and

 

(ii)            with
the written consent of the Borrower and the Lenders providing the relevant Revolver Replacement Facility to permit the refinancing or
replacement of all or any portion of any Revolving Credit Commitment of any Class (any such Revolving Credit Commitment being refinanced
or replaced, a “Replaced Revolving Facility”) with a replacement revolving facility and/or replacement term loans hereunder
(a “Revolver Replacement Facility”) pursuant to a Refinancing Amendment; provided that:

 

(A)            the
aggregate maximum amount of any Revolver Replacement Facility shall not exceed the aggregate maximum amount of the relevant Replaced Revolving
Facility (plus (x) any additional amount permitted to be incurred under Section 6.01 and, to the extent any such additional
amount is secured, the related Lien is permitted under Section 6.02 and (y) the amount of accrued interest, penalties
and premium thereon, any committed but undrawn amounts and underwriting discounts, fees (including upfront fees, original issue discount
or initial yield payments, commissions and expenses associated therewith and/or any underwriting discount, fees and/or initial yield payment
associated with the applicable Revolver Replacement Facility;

 

(B)            no
Revolver Replacement Facility may have a final maturity date (or require commitment reductions) prior to the final maturity date of the
relevant Replaced Revolving Facility at the time of such refinancing;

 

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(C)            any
Revolver Replacement Facility may be pari passu with or junior to any then-existing Revolving Commitment in right of payment and
pari passu with or junior to any then-existing Revolving Commitment with respect to the Collateral or may be unsecured; provided,
that any Revolver Replacement Facility that is (x) junior to the then-existing Revolving Credit Commitments in right of payment
or security shall be subject to an Intercreditor Agreement; provided, further, that if any Revolver Replacement Facility
is not in the form of a loan constituting First Lien Debt, such Revolver Replacement Facility will be documented pursuant to separate
documentation from the Loan Documents;

 

(D)            any
Revolver Replacement Facility that is secured may not be secured by any asset other than Collateral;

 

(E)            any
Revolver Replacement Facility that is guaranteed may not be guaranteed by any subsidiary of the Borrower other than one or more Loan Parties;

 

(F)            (1) if
the relevant Revolver Replacement Facility is a revolving facility, such Revolver Replacement Facility may provide for the borrowing and
repayment of Revolving Loans with respect to any Revolving Facility after the effective date of such Revolver Replacement Facility on
a pro rata basis or a non-pro rata basis with all other Revolving Facilities (it being understood that any Revolver Replacement Facility
that participates in borrowings on a pro rata basis with other Revolving Facilities shall participate in repayments on a pro rata basis
with such Revolving Facilities and that in the event of any Revolver Replacement Facility that must participate in borrowings on a less
than pro rata basis as compared to other Revolving Facilities, such Revolver Replacement Facility shall participate in repayments on a
less than pro rata basis as compared to such other Revolving Facilities (in each case, except, in any case, for (1) payments of interest
and fees at different rates on the Revolving Facilities (and related outstandings), (2) repayments required on the Maturity Date
of any Revolving Facility and (3) repayments made in connection with a permanent repayment and termination of the Revolving Credit
Commitments under any Revolving Facility (subject to clause (3) below))), (2) if the relevant Revolver Replacement Facility
is a revolving facility, all Letters of Credit shall be participated on a pro rata basis by all Revolving Lenders, (3) if the relevant
Revolver Replacement Facility is a revolving facility, any permanent repayment of Revolving Loans with respect to, and reduction and termination
of Revolving Credit Commitments under, any Revolver Replacement Facility after the effective date of such Revolver Replacement Facility
shall be made on a pro rata basis or a non-pro rata basis with all other Revolving Facilities (it being understood that a Revolver Replacement
Facility that participates in borrowings on a pro rata basis with other Revolving Facilities shall participate in permanent repayments
of Revolving Loans with respect to, and reduction and termination of Revolving Credit Commitments under, such Revolving Facility on a
pro rata basis with such other Revolving Facilities and that in the event of any Revolver Replacement Facility that must participate in
borrowings on a less than pro rata basis with other Revolving Facilities, such Revolver Replacement Facility shall participate in permanent
repayments of Revolving Loans with respect to, and reduction and termination of Revolving Credit Commitments under, such other Revolving
Facility on a less than pro rata basis as compared to such other Revolving Facilities; provided that, in each case, notwithstanding
the foregoing, to the extent any such Revolving Commitments are terminated in full and refinanced or replaced with another Revolver Replacement
Facility or Replacement Debt, such Revolving Commitments may be terminated on a greater than pro rata basis) and (4) if the relevant
Revolver Replacement Facility is a term loan, it shall be subject to the “ratability” provisions applicable to Replacement
Term Loans, consistent with clause (F) of Section 9.02(c)(i);

 

(G)            any
Revolver Replacement Facility may have pricing (including “MFN” or other pricing terms), interest, fees, rate margins, rate
floors, premiums (including prepayment premiums), funding discounts, and, subject to preceding clause (F), optional prepayment
and redemption terms as the Borrower and the lenders providing such Revolver Replacement Facility may agree;

 

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(H)            the
other terms of any Revolver Replacement Facility (excluding as set forth above) shall be substantially consistent with the Replaced Revolving
Facility (or any other then-existing Revolving Facility) or be reasonably satisfactory to the Administrative Agent; provided that
such terms shall be deemed to be satisfactory to the Administrative Agent so long as any such terms and conditions (i) (1) that
are not substantially consistent with those applicable to the relevant Replaced Revolving Facility are applicable only to periods after
the latest Maturity Date of such Replaced Revolving Facility (in each case, as of the date of implementation of such Revolver Replacement
Facility), (2) are substantially identical to, or (taken as a whole) no more favorable (as determined by the Borrower in good faith)
to the lenders providing such Revolver Replacement Facility than those applicable to the relevant Replaced Revolving Facility (other than
such terms to which clause (1) is applicable), (3) reflect then-current market terms and conditions (as determined by
the Borrower in good faith) for the applicable type of Indebtedness or are reasonably acceptable to the Administrative Agent or (4) are
more favorable to the lenders or the agent of such Revolver Replacement Facility than those contained in the Loan Documents and are then
conformed (or added) to the Loan Documents pursuant to the applicable Refinancing Amendment shall be deemed to be satisfactory to the
Administrative Agent) or (ii) in the case of a Revolver Replacement Facility that consists of replacement term loans, consistent
with the provisions of Section 9.02(c)(i)(H);

 

(I)            the
commitments in respect of the relevant Replaced Revolving Facility (or the relevant portion thereof) shall be terminated, and all loans
outstanding in respect of such Replaced Revolving Facility and all accrued but unpaid interest and fees then due and payable in connection
therewith shall be paid in full, in each case on the date any Revolver Replacement Facility is implemented; and

 

(J)            any
Revolver Replacement Facility may be provided by any existing Lender and/or any other Eligible Assignee; provided, that the Administrative
Agent (and, in the case of any Revolver Replacement Facility that constitutes a revolving facility, any Issuing Bank) shall have a right
to consent (such consent not to be unreasonably withheld, conditioned or delayed) to the relevant Person’s provision of a Revolver
Replacement Facility if such consent would be required under Section 9.05(b) for an assignment of Loans to the relevant
Person;

 

provided,
further, that, in respect of each of sub-clauses (i) and (ii) of this clause (c), any Non-Debt Fund
Affiliate and/or any Debt Fund Affiliate shall (x) be permitted without the consent of the Administrative Agent to provide any Class of
Replacement Term Loans and/or any Revolver Replacement Facility in the form of a term loan, it being understood that in connection therewith,
the relevant Non-Debt Fund Affiliate or Debt Fund Affiliate, as applicable, shall be subject to the restrictions applicable to such Person
under Section 9.05 and (y) no Non-Debt Fund Affiliate may provide any Revolver Replacement Facility in the form of revolving
facility.

 

Each party hereto hereby agrees
that this Agreement may be amended by the Borrower, the Administrative Agent and the lenders providing the relevant Class of Replacement
Term Loans or the relevant Revolver Replacement Facility, as applicable, to the extent (but only to the extent) necessary to reflect the
existence and terms of such Class of Replacement Term Loans or Revolver Replacement Facility, incurred or implemented pursuant thereto
(including any amendment necessary to treat the loans and commitments subject thereto as a separate “tranche” and “Class”
of Loans and/or commitments hereunder). It is understood that any Lender approached to provide all or a portion of any Class of Replacement
Term Loans or any Revolver Replacement Facility, may elect or decline, in its sole discretion, to provide such Class of Replacement
Term Loans or such Revolver Replacement Facility.

 

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(d)          Notwithstanding
anything to the contrary contained in this Section 9.02 or any other provision of this Agreement or any provision of any
other Loan Document:

 

(i)             the
Borrower and the Administrative Agent may, without the input or consent of any Lender, amend, supplement and/or waive this Agreement
and/or any guaranty, collateral security agreement, pledge agreement and/or related document (if any) executed in connection with this
Agreement to (A) comply with any Requirement of Law or the advice of counsel or (B) cause any such guaranty, collateral security
agreement, pledge agreement or other document to be consistent with this Agreement and/or the relevant other Loan Documents,

 

(ii)            the
Borrower and the Administrative Agent may, without the input or consent of any other Lender (other than the relevant Lenders providing
Loans under such Sections), effect amendments to this Agreement and the other Loan Documents as may be necessary or advisable in the
reasonable opinion of the Borrower and the Administrative Agent to (A) effect the provisions of Sections 2.22, 2.23,
5.12, 5.17, 5.18 and/or 9.02(c), or any other provision of this Agreement or any other Loan Document specifying
that any waiver, amendment or modification may be made with the consent or approval of the Administrative Agent, (B) add terms (including
representations and warranties, conditions, prepayments, covenants or events of default) that are favorable to the then-existing Lenders,
as reasonably determined by the Administrative Agent (it being understood that, where applicable, any such amendment may be effectuated
as part of an Incremental Facility Amendment, an Extension Amendment and/or a Refinancing Amendment) and/or (C) in connection with
the establishment of a tranche of Customary Term A Loans under this Agreement pursuant to any Incremental Amendment and/or any Refinancing
Amendment, incorporate a “financial maintenance covenant” that only applies for the benefit of the lenders in respect of
such facility (but not any other Lender); it being understood that the Borrower and the Administrative Agent are hereby authorized under
this clause (ii)(C) to amend such provisions of this Agreement (including, without limitation, Section 6.10,
Section 7.01 and this Section 9.02) as may be necessary to establish such financial maintenance covenant and
ensure that only the Lenders in respect of such Customary Term A Loans have rights with respect thereto provided that any Replacement
Term Loan that constitutes a Customary Term A Loan may include one or more financial covenants that do not apply for the benefit of any
Lender that does not hold such Customary Term A Loan,

 

(iii)           if
the Administrative Agent and the Borrower have jointly identified any ambiguity, mistake, defect, inconsistency, obvious error or any
error or omission of a technical nature or any necessary or desirable technical change, in each case, in any provision of any Loan Document,
then the Administrative Agent and the Borrower shall be permitted to amend such provision solely to address such matter as reasonably
determined by them,

 

(iv)          the
Administrative Agent and the Borrower may amend, restate, amend and restate or otherwise modify any Intercreditor Agreement and/or any
other Additional Agreement as provided therein,

 

(v)           the
Administrative Agent may amend the Commitment Schedule to reflect assignments entered into pursuant to Section 9.05, Commitment
reductions or terminations pursuant to Section 2.09, implementations of Additional Commitments or incurrences of Additional
Loans pursuant to Sections 2.22, 2.23 or 9.02(c) and reductions or terminations of any such Additional Commitments
or Additional Loans,

 

(vi)          no
Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder, except as permitted pursuant
to Section 2.21(b),

 

(vii)         this
Agreement may be amended (or amended and restated) with the written consent of the Required Lenders, the Administrative Agent and the
Borrower (i) to add one or more additional credit facilities to this Agreement and to permit any extension of credit from time to
time outstanding thereunder and the accrued interest and fees in respect thereof to share ratably in the relevant benefits of this Agreement
and the other Loan Documents and (ii) to include appropriately the Lenders holding such credit facilities in any determination of
the Required Lenders on substantially the same basis as the Lenders prior to such inclusion,

 

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(viii)        any
amendment, waiver or modification of any term or provision that solely affects Lenders under one or more Classes and does not directly
and adversely affect Lenders under one or more other Classes (including any waiver or modification of any condition to any extension of
credit under any Class of Commitments, pricing or other modification) may be effected with the consent of Lenders owning more than
50% of the aggregate commitments or Loans of such directly affected Class in lieu of the consent of the Required Lenders,

 

(ix)           this
Agreement may be amended in the manner prescribed in Sections 1.13 and/or 1.14,

 

(x)            this
Agreement may be amended in the manner prescribed in Sections 2.22(i) and 2.23(c); it being understood and agreed
that any such amendment may provide that with respect to any Class of Loans and/or Commitments that is structured as a “delayed
draw” or similar facility, (i) any condition precedent to the funding of any Loan thereunder and/or (ii) any Event of
Default arising as a result of any inaccuracy of any representation and/or warranty (including any certification) made in connection
with the satisfaction of any such condition precedent, in each case, may be waived, amended or modified solely with the consent of a
majority of the holders of such Loans and/or Commitments (or such other percentage of such holders as may be required in the amendment
implementing such Class of Loans and/or Commitments (and without the consent of the Required Lenders or any other Lenders),

 

(xi)           for
the avoidance of doubt, any “MFN” provision, including, without limitation, Sections 2.22(a)(v), may be amended solely
with the consent of the Borrower and the Required Lenders, and

 

(xii)          the
Required Lenders, without the consent of any other Lender, may (A) rescind any acceleration of the Loans and/or any other Obligation
pursuant to Article 7 hereof and/or (B) agree that the Administrative Agent and the Lenders will forbear from exercising
any remedy provided under any Loan Document with respect to any Event of Default.

 

(e)           It
is understood that:

 

(i)             notwithstanding
anything to the contrary herein, in connection with any determination as to whether the Required Lenders or Required Revolving Lenders,
as applicable, have (A) consented (or not consented) to any amendment or waiver of any provision of this Agreement or any other
Loan Document or any departure by any Loan Party therefrom, (B) otherwise acted on any matter related to any Loan Document, or (C) directed
or required the Administrative Agent or any Lender to undertake any action (or refrain from taking any action) with respect to or under
any Loan Document, any Lender (other than (x) any Lender that is a Regulated Bank or (y) any Lender that is a Revolving Lender
as of the Closing Date) that, as a result of its interest in any total return swap, total rate of return swap, credit default swap or
other derivative contract (other than any such total return swap, total rate of return swap, credit default swap or other derivative
contract entered into pursuant to bona fide market making activities), has a net short position with respect to the Loans and/or Commitments
(each, a “Net Short Lender”) shall, unless the Borrower otherwise elects (in its sole discretion), have no right to
vote any of its Loans and Commitments and shall be deemed to have voted its interest as a Lender without discretion in the same proportion
as the allocation of voting with respect to such matter by Lenders who are not Net Short Lenders;

 

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(ii)            for
purposes of determining whether a Lender has a “net short position” on any date of determination: (i) derivative contracts
with respect to the Loans and Commitments and such contracts that are the functional equivalent thereof shall be counted at the notional
amount thereof in Dollars, (ii) notional amounts in other currencies shall be converted to the dollar equivalent thereof by such
Lender in a commercially reasonable manner consistent with generally accepted financial practices and based on the prevailing conversion
rate (determined on a mid-market basis) on the date of determination, (iii) derivative contracts in respect of an index that includes
the Borrower and/or any other Loan Party or any instrument issued or guaranteed by the Borrower and/or any other Loan Party shall not
be deemed to create a short position with respect to the Loans and/or Commitments, so long as (x) such index is not created, designed,
administered or requested by such Lender and (y) the Borrower and/or any other Loan Party and any instrument issued or guaranteed
by the Borrower and/or any other Loan Party, collectively, represent less than 5% of the components of such index, (iv) derivative
transactions that are documented using either the 2014 ISDA Credit Derivatives Definitions or the 2003 ISDA Credit Derivatives Definitions
(collectively, the “ISDA CDS Definitions”) shall be deemed to create a short position with respect to the Loans and/or
Commitments if such Lender is a protection buyer or the equivalent thereof for such derivative transaction and (1) the Loans or
the Commitments are a “Reference Obligation” under the terms of such derivative transaction (whether specified by name in
the related documentation, included as a “Standard Reference Obligation” on the most recent list published by Markit, if
 “Standard Reference Obligation” is specified as applicable in the relevant documentation or in any other manner), (2) the
Loans or the Commitments would be a “Deliverable Obligation” under the terms of such derivative transaction or (3) the
Borrower and/or any other Loan Party is designated as a “Reference Entity” under the terms of such derivative transactions,
and (v) credit derivative transactions or other derivative transactions not documented using the ISDA CDS Definitions shall be deemed
to create a short position with respect to the Loans and/or Commitments if such transactions are functionally equivalent to a transaction
that offers the Lender protection in respect of the Loans or the Commitments, or as to the credit quality of the Borrower and/or any
other Loan Party other than, in each case, as part of an index so long as (x) such index is not created, designed, administered
or requested by such Lender and (y) the Borrower and/or any other Loan Party and any instrument issued or guaranteed by the Borrower
and/or any other Loan Party, collectively, represent less than 5% of the components of such index; and

 

(iii)           in
connection with any such determination, each Lender shall promptly notify the Administrative Agent in writing that it is a Net Short
Lender, or shall otherwise be deemed to have represented and warranted to the Borrower and the Administrative Agent that it is not a
Net Short Lender (it being understood and agreed that the Borrower and the Administrative Agent shall be entitled to rely on each such
representation and deemed representation).

 

Section 9.03.          Expenses;
Indemnity.

 

(a)           Subject
to Section 9.05(f), the Borrower shall pay (i) all reasonable and documented out-of-pocket expenses incurred by each
Arranger, the Administrative Agent and their respective Affiliates (but limited, in the case of legal fees and expenses, to the actual
reasonable and documented out-of-pocket fees, disbursements and other charges of one firm of outside counsel to all such Persons taken
as a whole and, if necessary, of one local counsel in any relevant material jurisdiction to all such Persons, taken as a whole) in connection
with the syndication and distribution (including via the Internet or through a service such as Intralinks) of the Credit Facilities,
the preparation, execution, delivery and administration of the Loan Documents and any related documentation, including in connection
with any amendment, modification or waiver of any provision of any Loan Document (whether or not the transactions contemplated thereby
are consummated, but only to the extent the preparation of any such amendment, modification or waiver was requested by the Borrower and
except as otherwise provided in a separate writing between the Borrower, the relevant Arranger and/or the Administrative Agent) and (ii) without
duplication of the obligation set forth in Section 9.03(b), all reasonable and documented out-of-pocket expenses incurred
by the Administrative Agent, the Arrangers, the Issuing Banks or the Lenders or any of their respective Affiliates (but limited (x) in
the case of legal fees and expenses, to the actual reasonable and documented out-of-pocket fees, disbursements and other charges of one
firm of outside counsel to all such Persons taken as a whole and, if necessary, of one local counsel in any relevant material jurisdiction
to all such Persons, taken as a whole, and (y) in the case of other third party advisors, to the actual reasonable and documented
out-of-pocket fees, disbursements and other charges of only third party advisors the engagement of whom has been approved by the Borrower
(such approval not to be unreasonably withheld, delayed or conditioned) in writing) in connection with the enforcement, collection or
protection of their respective rights in connection with the Loan Documents, including their respective rights under this Section, or
in connection with the Loans made and/or Letters of Credit issued hereunder. Except to the extent required to be paid on the Closing
Date, all amounts due under this paragraph (a) shall be payable by the Borrower within 30 days of receipt by the Borrower
of an invoice setting forth such expenses in reasonable detail, together with backup documentation supporting the relevant reimbursement
request.

 

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(b)           The
Borrower shall indemnify each Arranger, the Administrative Agent, each Issuing Bank 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 and liabilities (but limited, in the case of legal fees and expenses constituting any such losses,
claims, damages and/or liabilities), to the actual reasonable and documented out-of-pocket fees, disbursements and other charges of one
counsel to all Indemnitees taken as a whole and, if reasonably necessary, one local counsel in any relevant material jurisdiction to
all Indemnitees, taken as a whole and solely in the case of an actual or perceived conflict of interest, (x) one additional counsel
to all affected Indemnitees, taken as a whole, and (y) one additional local counsel to all affected Indemnitees, taken as a whole),
incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the execution or delivery
of the Loan Documents or any agreement or instrument contemplated thereby, the performance by the parties hereto of their respective
obligations thereunder or the consummation of the Transactions or any other transactions contemplated hereby or thereby and/or the enforcement
of the Loan Documents, (ii) the use of the proceeds of the Loans or any Letter of Credit, (iii) any actual or alleged Release
or presence of Hazardous Materials on, at, under or from any property currently or formerly owned, leased or operated by the Borrower,
any of its Restricted Subsidiaries or any other Loan Party or any Environmental Liability related to the Borrower, any of its Restricted
Subsidiaries or any other Loan Party and/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 and regardless of whether any Indemnitee is a party thereto
(and regardless of whether such matter is initiated by a third party or by the Borrower, any other Loan Party or any of their respective
Affiliates); provided that such indemnity shall not, as to any Indemnitee, be available to the extent that any such loss, claim,
damage, or liability (i) is determined by a final and non-appealable judgment of a court of competent jurisdiction (or documented
in any settlement agreement referred to below) to have resulted from the gross negligence, bad faith or willful misconduct of such Indemnitee
or, to the extent such judgment finds (or any such settlement agreement acknowledges) that any such loss, claim, damage, or liability
has resulted from such Person’s material breach of the Loan Documents or (ii) arises out of any claim, litigation, investigation
or proceeding brought by such Indemnitee against another Indemnitee (other than any claim, litigation, investigation or proceeding that
is brought by or against the Administrative Agent, any Issuing Bank or any Arranger, acting in its capacity as the Administrative Agent,
as an Issuing Bank or as an Arranger) that does not involve any act or omission of Holdings, the Borrower or any of its subsidiaries.
Each Indemnitee shall be obligated to refund or return any and all amounts paid by the Borrower pursuant to this Section 9.03(b) to
such Indemnitee for any fees, expenses, or damages to the extent such Indemnitee is not entitled to payment thereof in accordance with
the terms hereof. Any amount due under this Section 9.03(b) shall be payable by the Borrower within 30 days (x) after
receipt by the Borrower of a written demand therefor, in the case of any indemnification obligations and (y) in the case of reimbursement
of costs and expenses, after receipt by the Borrower of an invoice setting forth such costs and expenses in reasonable detail, together
with reasonable backup documentation supporting the relevant reimbursement request. This Section 9.03(b) shall not apply
to Taxes other than any Taxes that represent losses, claims, damages or liabilities in respect of a non-Tax claim.

 

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(c)           The
Borrower shall not be liable for any settlement of any proceeding effected without the written consent of the Borrower (which consent
shall not be unreasonably withheld, delayed or conditioned) or any other losses, claims, damages, liabilities and/or expenses incurred
in connection therewith, but if any proceeding is settled with the written consent of the Borrower, or if there is a final judgment against
any Indemnitee in any such proceeding, the Borrower agrees to indemnify and hold harmless each Indemnitee to the extent and in the manner
set forth above. The Borrower shall not, without the prior written consent of the affected Indemnitee (which consent shall not be unreasonably
withheld, conditioned or delayed), effect any settlement of any pending or threatened proceeding in respect of which indemnity could
have been sought hereunder by such Indemnitee unless (i) such settlement includes an unconditional release of such Indemnitee from
all liability or claims that are the subject matter of such proceeding and (ii) such settlement does not include any statement as
to any admission of fault or culpability.

 

Section 9.04.          Waiver
of Claim. To the extent permitted by applicable Requirements of Law, no party to this Agreement nor any Secured Party shall assert,
and each hereby waives on behalf of itself and its Related Parties, any claim against any other party hereto, any Loan Party and/or any
Related Party of any thereof, 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 or any agreement or instrument contemplated
hereby, the Transactions, any Loan or any Letter of Credit or the use of the proceeds thereof, except, in the case of any claim by any
Indemnitee against the Borrower, to the extent such damages would otherwise be subject to indemnification pursuant to, and in accordance
with, the terms of Section 9.03.

 

Section 9.05.          Successors
and Assigns.

 

(a)           The
provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and
permitted assigns; provided, that (i) except as permitted under Section 6.07, the Borrower may not assign or
otherwise transfer any of its rights or obligations hereunder without the prior written consent of each Lender (and any attempted assignment
or transfer by the Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its
rights or obligations hereunder except in accordance with the terms of this Section (any attempted assignment or transfer not complying
with the terms of this Section shall be null and void and, if applicable, subject to Section 9.05(f)). Nothing in this
Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors
and permitted assigns, to the extent provided in Section 9.05(e)), Participants and, to the extent expressly contemplated
hereby, the Related Parties of each of the Arrangers, the Administrative Agent, the Issuing Banks and the Lenders) any legal or equitable
right, remedy or claim under or by reason of this Agreement.

 

(b)           (i) Subject
to the conditions set forth in paragraph (b)(ii) below, any Lender may assign to one or more Eligible Assignees all or a
portion of its rights and obligations under this Agreement (including all or a portion of any Loan or Additional Commitment added pursuant
to Sections 2.22, 2.23 or 9.02(c) at the time owing to it) with the prior written consent of:

 

(A)           the
Borrower (such consent not to be unreasonably withheld, conditioned or delayed); provided, that (x) the Borrower shall be
deemed to have consented to any assignment of Term Loans (other than any assignment to any Disqualified Institution or any natural Person)
unless it has objected thereto by written notice to the Administrative Agent within 10 Business Days after receipt by the Borrower of
a written notice for consent thereto and (y) the consent of the Borrower shall not be required for any assignment (1) of Term
Loans or Term Commitments to any Term Lender or any Affiliate of any Term Lender or an Approved Fund or (2) at any time when an
Event of Default under Section 7.01(a) or Sections 7.01(f) or (g) (with respect to the Borrower)
exists; it being understood and agreed that (i) the consent of the Borrower shall always be required for any assignment of Revolving
Credit Commitments and/or Revolving Loans and (ii) the Borrower may withhold its consent (in its sole discretion) to any assignment
to any Person that is (I) known by it to be an Affiliate of a Disqualified Institution and/or an Affiliate of a Competitor (other
than a Competitor Debt Fund Affiliate, unless the Borrower has other reasonable grounds on which to withhold its consent), regardless
of whether any such Person constitutes a Disqualified Institution and/or (II) known by it to be a “loan to own” investor
and/or an investor primarily in distressed credits or opportunistic or special situations or any affiliate of any such investor;

 

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(B)            the
Administrative Agent (such consent not to be unreasonably withheld, conditioned or delayed); provided, that no consent of the
Administrative Agent shall be required for any assignment to another Lender, any Affiliate of a Lender or any Approved Fund; and

 

(C)            in
the case of any Revolving Facility, each Issuing Bank (such consent not to be unreasonably withheld, conditioned or delayed); provided,
that no consent of any Issuing Bank shall be required for any assignment to a Revolving Lender or an Affiliate of a Revolving Lender.

 

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

 

(A)           except
in the case of any assignment to another Lender, any Affiliate of any Lender or any Approved Fund or any assignment of the entire remaining
amount of the relevant assigning Lender’s Loans or Commitments of any Class, the principal amount of Loans or Commitments of the
assigning Lender subject to the relevant assignment (determined as of the date on which the Assignment Agreement with respect to such
assignment is delivered to the Administrative Agent and determined on an aggregate basis in the event of concurrent assignments to Related
Funds or by Related Funds) shall not be less than (x) $1,000,000 in the case of Term Loans and Term Commitments or (y) $5,000,000
in the case of Revolving Loans and Revolving Credit Commitments, in each case unless the Borrower and the Administrative Agent otherwise
consent;

 

(B)            any
partial assignment shall be made as an assignment of a proportionate part of all the relevant assigning Lender’s rights and obligations
under this Agreement;

 

(C)            the
parties to each assignment shall execute and deliver to the Administrative Agent an Assignment Agreement via an electronic settlement
system acceptable to the Administrative Agent (or, if previously agreed with the Administrative Agent, manually), and shall pay to the
Administrative Agent a processing and recordation fee of $3,500 (which fee may be waived or reduced in the sole discretion of the Administrative
Agent); and

 

(D)            the
relevant Eligible Assignee, if it is not a Lender, shall deliver on or prior to the effective date of such assignment, to the Administrative
Agent (1) an Administrative Questionnaire and (2) any IRS form required under Section 2.17.

 

(iii)           Subject
to the acceptance and recording thereof pursuant to paragraph (b)(iv) of this Section, from and after the effective date
specified in any Assignment Agreement, the Eligible Assignee thereunder shall be a party hereto and, to the extent of the interest assigned
pursuant to such Assignment Agreement, 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 Agreement, be released from its obligations under this Agreement (and,
in the case of an Assignment Agreement 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 (A) entitled to the benefits of Sections 2.15, 2.16,
2.17 and 9.03 with respect to facts and circumstances occurring on or prior to the effective date of such assignment and
(B) subject to its obligations thereunder and under Section 9.13). If any assignment by any Lender holding any Promissory
Note is made after the issuance of such Promissory Note, the assigning Lender shall, upon the effectiveness of such assignment or as
promptly thereafter as practicable, surrender such Promissory Note to the Administrative Agent for cancellation, and, following such
cancellation, if requested by either the assignee or the assigning Lender, the Borrower shall issue and deliver a new Promissory Note
to such assignee and/or to such assigning Lender, with appropriate insertions, to reflect the new commitments and/or outstanding Loans
of the assignee and/or the assigning Lender.

 

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(iv)          The
Administrative Agent, acting for this purpose as a non-fiduciary agent of the Borrower, shall maintain at one of its offices in the US
a copy of each Assignment Agreement delivered to it and a register for the recordation of the names and addresses of the Lenders and
their respective successors and assigns, and the commitment of, and principal amount of and interest on the Loans and LC Disbursements
owing to, each Lender or Issuing Bank pursuant to the terms hereof from time to time (the “Register”). Failure to
make any such recordation, or any error in such recordation, shall not affect the Borrower’s obligations in respect of such Loans
and LC Disbursements. The entries in the Register shall be conclusive, absent manifest error, and the Borrower, the Administrative Agent,
the Issuing Banks and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender
hereunder for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection
by the Borrower, each Issuing Bank and each Lender (but only as to its own holdings), at any reasonable time and from time to time upon
reasonable prior notice.

 

(v)           Upon
its receipt of a duly completed Assignment Agreement executed by an assigning Lender and an Eligible Assignee, the Eligible Assignee’s
completed Administrative Questionnaire and any tax certification required by Section 9.05(b)(ii)(D)(2) (unless the assignee
is already a Lender hereunder), the processing and recordation fee referred to in paragraph (b) of this Section, if applicable,
and any written consent to the relevant assignment required by paragraph (b) of this Section, the Administrative Agent shall
promptly accept such Assignment Agreement and record the information contained therein in the Register. No assignment shall be effective
for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph.

 

(vi)          By
executing and delivering an Assignment Agreement, the assigning Lender and the Eligible Assignee thereunder shall be deemed to confirm
and agree with each other and the other parties hereto as follows: (A) the assigning Lender warrants that it is the legal and beneficial
owner of the interest being assigned thereby free and clear of any adverse claim and that the amount of its commitments, and the outstanding
balances of its Loans, in each case without giving effect to any assignment thereof which has not become effective, are as set forth in
such Assignment Agreement, (B) except as set forth in clause (A) above, the assigning Lender makes no representation
or warranty and assumes no responsibility with respect to any statement, warranty or representation made in or in connection with this
Agreement, or the execution, legality, validity, enforceability, genuineness, sufficiency or value of this Agreement, any other Loan Document
or any other instrument or document furnished pursuant hereto, or the financial condition of the Borrower or any Restricted Subsidiary
or the performance or observance by the Borrower or any Restricted Subsidiary of any of its obligations under this Agreement, any other
Loan Document or any other instrument or document furnished pursuant hereto; (C) the assignee represents and warrants that it is
(1) an Eligible Assignee and (2) not a Disqualified Institution or an Affiliate of any Disqualified Institution, legally authorized
to enter into such Assignment Agreement; (D) the assignee confirms that it has received a copy of this Agreement and each applicable
Intercreditor Agreement, together with copies of the financial statements referred to in Section 4.01(c) or the most
recent financial statements delivered pursuant to Section 5.01 and such other documents and information as it has deemed appropriate
to make its own credit analysis and decision to enter into such Assignment Agreement; (E) the assignee will independently and without
reliance upon the Administrative Agent, the assigning Lender or any other Lender and based on such documents and information as it deems
appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement; (F) the assignee
appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under this Agreement
as are delegated to the Administrative Agent, by the terms hereof, together with such powers as are reasonably incidental thereto; and
(G) the assignee agrees that it will perform in accordance with their terms all the obligations which by the terms of this Agreement
are required to be performed by it as a Lender.

 

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(c)            (i) Any
Lender may, without the consent of the Borrower (solely in the case of any participation in any Lender’s rights and obligations
with respect to any Term Loan), the Administrative Agent, any Issuing Bank or any other Lender, sell participations to any bank or other
entity (other than to any Disqualified Institution, any natural Person or, other than with respect to any participation to any Debt Fund
Affiliate (any such participations to a Debt Fund Affiliate being subject to the limitation set forth in the first proviso of the final
paragraph set forth in Section 9.05(g), as if the limitation applied to such participations), the Borrower or any of its
Affiliates) (a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement
(including all or a portion of its commitments and the Loans owing to it); provided, that it is understood and agreed that the
consent of the Borrower will be required for any participation of any rights or obligations (including any Loan or Commitment) of any
Lender under or in respect of the Revolving Facility; provided, further, that (A) such Lender’s obligations
under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the
performance of such obligations and (C) the Borrower, the Administrative Agent, the Issuing Banks and the other Lenders shall continue
to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any
agreement or instrument pursuant to which any 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 relevant Participant, agree to any
amendment, modification or waiver described in (x) clause (A) of the first proviso to Section 9.02(b) that
directly and adversely affects the Loans or commitments in which such Participant has an interest and (y) clauses (B)(1),
(2) or (3) of the first proviso to Section 9.02(b); it being understood and agreed that no Lender
may enter into any agreement or other arrangement with any Participant that provides such Participant with the right to agree to or approve
(or direct such Lender to agree, approve, consent or not to agree, approve or consent) any other amendment, modification or waiver in
respect of any Loan Document, and any such agreement or arrangement shall be deemed to be null and void and of no force or effect. Subject
to paragraph (c)(ii) of this Section, the Borrower agrees that each Participant shall be entitled to the benefits of Sections
2.15, 2.16 and 2.17 (subject to the limitations and requirements of such Sections and Section 2.19) to
the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section and
it being understood that the documentation required under Section 2.17(f) shall be delivered to the participating Lender,
and if additional amounts are required to be paid pursuant to Section 2.17(a) or Section 2.17(c), to the
Borrower and the Administrative Agent). To the extent permitted by applicable Requirements of Law, each Participant also shall be entitled
to the benefits of Section 9.09 as though it were a Lender; provided that such Participant shall be subject to Section 2.18(c) as
though it were a Lender.

 

(ii)            No
Participant shall be entitled to receive any greater payment under Section 2.15, 2.16 or 2.17 than the participating
Lender would have been entitled to receive with respect to the participation sold to such Participant unless the participation is made
with the prior written consent of the Borrower (in its sole discretion), expressly acknowledging that such Participant’s entitlement
to benefits under Sections 2.15, 2.16 and 2.17 is not limited to what the participating Lender would have been entitled
to receive absent the grant to such Participant.

 

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Each Lender that sells a participation
or makes a grant to an SPC (as defined in Section 9.05(e)) 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 each SPC and their respective successors
and registered assigns, and the principal and interest amounts of each Participant’s and each SPC’s interest in the Loans
or other obligations under the Loan Documents (a “Participant/SPC Register”); provided that no Lender shall have any
obligation to disclose all or any portion of any Participant/SPC Register (including the identity of any Participant or SPC or any information
relating to any Participant’s or SPC’s interest in any Commitment, Loan, Letter of Credit or any other obligation under any
Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such Commitment, Loan, Letter of
Credit or other obligation is in registered form under Section 5f.103-1(c) or Proposed Section 1.163-5(b) of the Treasury
Regulations (or any amended or successor version). The entries in the Participant/SPC Register shall be conclusive absent manifest error,
and each Lender shall treat each Person whose name is recorded in the Participant/SPC 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/SPC Register.

 

(d)           (i) Any
Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement (other than to any
Disqualified Institution or any natural person) to secure obligations of such Lender, including without limitation any pledge or assignment
to secure obligations to any Federal Reserve Bank or other central bank having jurisdiction over such Lender, and this Section 9.05
shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security
interest shall release any Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as
a party hereto.

 

(ii)            No
Lender may at any time enter into a total return swap, total rate of return swap, credit default swap or other derivative instrument
under which any Secured Obligation is a reference obligation (any such swap or other derivative instrument, an “Obligations
Derivative Instrument”) with any counterparty that is a Disqualified Institution.

 

(e)           Notwithstanding
anything to the contrary contained herein, any Lender (a “Granting Lender”) may grant to a special purpose funding
vehicle (an “SPC”), identified as such in writing from time to time by the Granting Lender to the Administrative Agent
and the Borrower, the option to provide to the Borrower all or any part of any Loan that such Granting Lender would otherwise be obligated
to make to the Borrower pursuant to this Agreement; provided that (i) nothing herein shall constitute a commitment by any
SPC to make any Loan and (ii) if an SPC elects not to exercise such option or otherwise fails to provide all or any part of such
Loan, the Granting Lender shall be obligated to make such Loan pursuant to the terms hereof. The making of any Loan by an SPC hereunder
shall utilize the Commitment of the Granting Lender to the same extent, and as if, such Loan were made by such Granting Lender. Each
party hereto hereby agrees that (i) neither the grant to any SPC nor the exercise by any SPC of such option shall increase the costs
or expenses or otherwise increase or change the obligations of the Borrower under this Agreement (including its obligations under Section 2.15,
2.16 or 2.17) and no SPC shall be entitled to any greater amount under Section 2.15, 2.16 or 2.17
or any other provision of this Agreement or any other Loan Document that the Granting Lender would have been entitled to receive,
unless the grant to such SPC is made with the prior written consent of the Borrower (in its sole discretion), expressly acknowledging
that such SPC’s entitlement to benefits under Sections 2.15, 2.16 and 2.17 is not limited to what the
Granting Lender would have been entitled to receive absent the grant to the SPC, (ii) no SPC shall be liable for any indemnity or
similar payment obligation under this Agreement (all liability for which shall remain with the Granting Lender) and (iii) the Granting
Lender shall for all purposes including approval of any amendment, waiver or other modification of any provision of the Loan Documents,
remain the Lender of record hereunder. In furtherance of the foregoing, each party hereto hereby agrees (which agreement shall survive
the termination of this Agreement) that, prior to the date that is one year and one day after the payment in full of all outstanding
commercial paper or other senior indebtedness of any SPC, it will not institute against, or join any other Person in instituting against,
such SPC any bankruptcy, reorganization, arrangement, insolvency or liquidation proceedings under the Requirements of Law of the US or
any State thereof; provided that (i) such SPC’s Granting Lender is in compliance in all material respects with its
obligations to the Borrower hereunder and (ii) each Lender designating any SPC hereby agrees to indemnify, save and hold harmless
each other party hereto for any loss, cost, damage or expense arising out of its inability to institute such a proceeding against such
SPC during such period of forbearance. In addition, notwithstanding anything to the contrary contained in this Section 9.05,
any SPC may (i) with notice to, but without the prior written consent of, the Borrower or the Administrative Agent and without paying
any processing fee therefor, assign all or a portion of its interests in any Loan to the Granting Lender and (ii) disclose on a
confidential basis any non-public information relating to its Loans to any rating agency, commercial paper dealer or provider of any
surety, guaranty or credit or liquidity enhancement to such SPC.

 

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(f)            (i) Any
assignment, participation, entry into an Obligations Derivative Instrument or pledge by a Lender (A) to or with any Disqualified
Institution or (B) in the case of any assignment and/or participation, without the Borrower’s consent to the extent the Borrower’s
consent is required under this Section 9.05 (and, if applicable, not deemed to have been given pursuant to Section 9.05(b)(i)(A)),
in each case, to any Person shall be null and void, and Holdings and the Borrower shall each be entitled to seek specific performance
to unwind any such assignment, participation, Obligations Derivative Instrument or pledge and/or specifically enforce this Section 9.05(f) in
addition to injunctive relief (without posting a bond or presenting evidence of irreparable harm) or any other remedy available to the
Borrower at law or in equity; it being understood and agreed that the Borrower, Holdings and its subsidiaries will suffer irreparable
harm if any Lender breaches any obligation under this Section 9.05 as it relates to any assignment or participation to a
Disqualified Person, any entry into any Obligations Derivative Instrument with any Disqualified Person, the pledge or assignment of any
security interest in any Loan or Commitment to a Disqualified Person and/or any assignment or participation of, or pledge or assignment
of a security interest in, any Loan or Commitment to any Person to whom the Borrower’s consent is required but not obtained. Nothing
in this Section 9.05(f) shall be deemed to prejudice any right or remedy that Holdings or the Borrower may otherwise
have at law or equity. The Administrative Agent may make the list of Disqualified Institutions available on a confidential basis in accordance
with Section 9.13 to any Lender who specifically requests a copy thereof, and such Lender may provide such list of Disqualified
Institutions to any potential assignee or participant or counterparty to any Obligations Derivative Instrument who agrees to keep such
list confidential in accordance with Section 9.13 solely for the purpose of permitting such Person to verify whether such
Person (or any Affiliate thereof) constitutes a Disqualified Institution.

 

(ii)            If
any assignment or participation under this Section 9.05 is made to any Disqualified Institution and/or any Affiliate of any
Disqualified Institution (other than any Competitor Debt Fund Affiliate) and/or any other Person to whom the Borrower’s consent
is required but not obtained, in each case, without the Borrower’s prior written consent (any such person, a “Disqualified
Person”), then the Borrower may, at its sole expense and effort, upon notice to the applicable Disqualified Person and the
Administrative Agent, (A) terminate any Commitment of such Disqualified Person and repay all obligations of the Borrower owing to
such Disqualified Person, (B) in the case of any outstanding Term Loan, held by such Disqualified Person, purchase such Term Loan
by paying the lesser of (x) par and (y) the amount that such Disqualified Person paid to acquire such Term Loan, plus
accrued interest thereon, accrued fees and all other amounts payable to it hereunder and/or (C) require such Disqualified Person
to assign, without recourse (in accordance with and subject to the restrictions contained in this Section 9.05), all of its
interests, rights and obligations under this Agreement to one or more Eligible Assignees; provided that (I) in the case of
clause (B), the applicable Disqualified Person has received payment of an amount equal to the lesser of (1) par and (2) the
amount that such Disqualified Person paid for the applicable Loans and participations in Letters of Credit, plus accrued interest
thereon, accrued fees and all other amounts payable to it hereunder, from the Borrower, (II) in the case of clauses (A) and
(B), the Borrower shall not be liable to the relevant Disqualified Person under Section 2.16 if any LIBO Rate Loan
owing to such Disqualified Person is repaid or purchased other than on the last day of the Interest Period relating thereto, (III) in
the case of clause (C), the relevant assignment shall otherwise comply with this Section 9.05 (except that (x) no
registration and processing fee required under this Section 9.05 shall be required with any assignment pursuant to this paragraph
and (y) any Term Loan acquired by any Affiliated Lender pursuant to this paragraph will not be included in calculating compliance
with the Affiliated Lender Cap for a period of 90 days following such transfer; provided that, to the extent the aggregate principal
amount of Term Loans held by Affiliated Lenders exceeds the Affiliated Lender Cap on the 91st day following such transfer, then such
excess amount shall either be (x) contributed to the Borrower or any of its subsidiaries and retired and cancelled immediately upon
such contribution or (y) automatically cancelled)) and (IV) in no event shall such Disqualified Person be entitled to receive
amounts set forth in Section 2.13(d). Further, any Disqualified Person identified by the Borrower to the Administrative Agent
(A) shall not be permitted to (x) receive information or reporting provided by any Loan Party, the Administrative Agent or
any Lender and/or (y) attend and/or participate in conference calls or meetings attended solely by the Lenders and the Administrative
Agent, (B) (x) shall not for purposes of determining whether the Required Lenders or the majority of Lenders under any Class have
(i) consented (or not consented) to any amendment, modification, waiver, consent or other action with respect to any of the terms
of any Loan Document or any departure by any Loan Party therefrom, (ii) otherwise acted on any matter related to any Loan Document,
or (iii) directed or required the Administrative Agent or any Lender to undertake any action (or refrain from taking any action)
with respect to or under any Loan Document, have a right to consent (or not consent), otherwise act or direct or require the Administrative
Agent or any Lender to take (or refrain from taking) any such action; it being understood that all Loans held by any Disqualified Person
shall be deemed to be not outstanding for all purposes of calculating whether the Required Lenders, majority Lenders under any Class,
all Lenders or all affected Lenders, as the case may be, have taken any action, and (y) shall be deemed to vote in the same proportion
as Lenders that are not Disqualified Persons (1) in any proceeding under any Debtor Relief Law commenced by or against the Borrower
or any other Loan Party and/or (2) for purposes of any matter requiring the consent of each Lender or each affected Lender and (C) shall
not be entitled to receive the benefits of Section 9.03. For the sake of clarity, the provisions in this Section 9.05(f) shall
not apply to any Person that is an assignee of any Disqualified Person, if such assignee is not a Disqualified Person.

 

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(iii)           Notwithstanding
anything to the contrary herein, each of Holdings, the Borrower and each Lender acknowledges and agrees that the Administrative Agent
shall not have any liability for any assignment or participation made to any Disqualified Institution or Affiliated Lender (regardless
of whether the consent of the Administrative Agent is required thereto), and none of the Borrower, any Lender or any of their respective
Affiliates will bring any claim to that effect.

 

(g)           Notwithstanding
anything to the contrary contained herein, any Lender may, at any time, assign all or a portion of its rights and obligations under this
Agreement in respect of its Term Loans to any Affiliated Lender on a non-pro rata basis (A) through Dutch Auctions open to all Lenders
holding the relevant Term Loans on a pro rata basis or (B) through open market purchases (including, for the avoidance of doubt,
any negotiated transaction), in each case with respect to clauses (A) and (B), without the consent of the Administrative
Agent; provided that:

 

(i)             any
Term Loan acquired by Holdings, the Borrower or any of its Restricted Subsidiaries shall, to the extent permitted by applicable Requirements
of Law, be retired and cancelled immediately upon the acquisition thereof; provided, that upon any such retirement and cancellation,
the aggregate outstanding principal amount of the Term Loans shall be deemed reduced by the full par value of the aggregate principal
amount of the Term Loans so retired and cancelled, and each principal repayment installment with respect to the Term Loans pursuant to
Section 2.10(a) shall be reduced on a pro rata basis by the full par value of the aggregate principal amount of Term
Loans so cancelled;

 

(ii)            any
Term Loan acquired by any Non-Debt Fund Affiliate (other than Holdings, the Borrower or any of its Restricted Subsidiaries) may (but
shall not be required to) be contributed to the Borrower or any of its subsidiaries (it being understood that any such Term Loans shall,
to the extent permitted by applicable Requirements of Law, be retired and cancelled promptly upon such contribution); provided,
that upon any such cancellation, the aggregate outstanding principal amount of the Term Loans shall be deemed reduced, as of the date
of such contribution, by the full par value of the aggregate principal amount of the Term Loans so contributed and cancelled, and each
principal repayment installment with respect to the Term Loans pursuant to Section 2.10(a) shall be reduced pro rata
by the full par value of the aggregate principal amount of Initial Term Loans so contributed and cancelled;

 

(iii)           the
relevant Affiliated Lender and assigning or purchasing, as applicable, Lender shall have executed an Affiliated Lender Assignment and
Assumption;

 

(iv)          subject
to Section 9.05(f)(ii), after giving effect to the relevant assignment and to all other assignments to all Affiliated Lenders,
the aggregate principal amount of all Term Loans then held by all Affiliated Lenders shall not exceed 25% of the aggregate principal
amount of the Term Loans then outstanding (after giving effect to any substantially simultaneous cancellation thereof) (the “Affiliated
Lender Cap”); provided, that each party hereto acknowledges and agrees that the Administrative Agent shall not be liable
for any losses, damages, penalties, claims, demands, actions, judgments, suits, costs, expenses and disbursements of any kind or nature
whatsoever incurred or suffered by any Person in connection with any compliance or non-compliance with this clause (g)(iv) or
any purported assignment exceeding the Affiliated Lender Cap (it being understood and agreed that the Affiliated Lender Cap is intended
to apply to any Loan made available to Affiliated Lenders by means other than formal assignment (e.g., as a result of an acquisition
of another Lender (other than any Debt Fund Affiliate) by any Affiliated Lender or the provision of Additional Term Loans by any Affiliated
Lender); provided, further, that to the extent that any assignment to any Affiliated Lender would result in the aggregate
principal amount of Term Loans held by Affiliated Lenders exceeding the Affiliated Lender Cap (after giving effect to any substantially
simultaneous cancellations thereof), the assignment of the relevant excess amount shall be null and void (except to the extent such excess
amount is subsequently assigned to a Person that is not an Affiliated Lender);

 

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(v)           in
connection with any assignment effected pursuant to a Dutch Auction and/or open market purchase conducted by Holdings, the Borrower or
any of its Restricted Subsidiaries, (A) the relevant Person may not use the proceeds of any Revolving Loan to fund such assignment
and (B) no Event of Default exists at the time of the launch of the relevant Dutch Auction or the confirmation of such open market
purchase, as applicable; and

 

(vi)          by
its acquisition of Term Loans, each relevant Affiliated Lender shall be deemed to have acknowledged and agreed that:

 

(A)           subject
to clause (iv) above, the Term Loans held by such Affiliated Lender shall be disregarded in both the numerator and denominator
in the calculation of any Required Lender or other Lender vote; provided that (x) such Affiliated Lender shall have the right
to vote (and the Term Loans held by such Affiliated Lender shall not be so disregarded) with respect to any amendment, modification,
waiver, consent or other action that requires the vote of all Lenders or all Lenders directly and adversely affected thereby, as the
case may be, and (y) no amendment, modification, waiver, consent or other action shall (1) disproportionately affect such Affiliated
Lender in its capacity as a Lender as compared to other Lenders of the same Class that are not Affiliated Lenders or (2) deprive
any Affiliated Lender of its share of any payment in which the Lenders are entitled to share on a pro rata basis hereunder, in each case
without the consent of such Affiliated Lender; and

 

(B)            such
Affiliated Lender, solely in its capacity as an Affiliated Lender, will not be entitled to (i) attend (including by telephone) or
participate in any meeting or discussion (or portion thereof) among the Administrative Agent or any Lender or among Lenders to which
the Loan Parties or their representatives are not invited or (ii) receive any information or material prepared by the Administrative
Agent or any Lender or any communication by or among the Administrative Agent and one or more Lenders, except to the extent such information
or materials have been made available by the Administrative Agent or any Lender to any Loan Party or its representatives (and in any
case, other than the right to receive notices of Borrowings, prepayments and other administrative notices in respect of its Term Loans
required to be delivered to Lenders pursuant to Article 2);

 

(vii)         no
Affiliated Lender shall be required to represent or warrant that it is not in possession of material non-public information with respect
to Holdings and/or any subsidiary thereof and/or their respective securities in connection with any assignment permitted by this Section 9.05(g);
and

 

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(viii)        in
any proceeding under any Debtor Relief Law, (A) the interest of any Affiliated Lender in any Term Loan will be deemed to be voted
in the same proportion as the vote of Lenders that are not Affiliated Lenders on the relevant matter; provided that each Affiliated
Lender will be entitled to vote its interest in any Term Loan to the extent that any plan of reorganization or other arrangement with
respect to which the relevant vote is sought proposes to treat the interest of such Affiliated Lender (in its capacity as a Lender) in
such Term Loan in a manner that is less favorable to such Affiliated Lender than the proposed treatment of Term Loans held by other Term
Lenders and (B) all Affiliated Lenders shall be treated as a single lender for purposes of any “numerosity” or similar
requirement applicable therein.

 

Notwithstanding anything to the contrary contained
herein, any Lender may, at any time, assign all or a portion of its rights and obligations under this Agreement in respect of its Loans
and/or Commitments to any Debt Fund Affiliate, and any Debt Fund Affiliate may, from time to time, purchase Loans and/or Commitments (x) on
a pro rata basis through Dutch auctions open to all applicable Lenders in accordance with customary procedures or (y) on a non-pro
rata basis through open market purchases (including, for the avoidance of doubt, negotiated transactions) without the consent of the Administrative
Agent, in each case, notwithstanding the requirements set forth in subclauses (i) through (viii) of this clause
(g); provided that the Loans and Commitments held by all Debt Fund Affiliates shall not account for more than 49.9% of the
amounts included in determining whether the Required Lenders or Required Revolving Lenders have (A) consented to any amendment, modification,
waiver, consent or other action with respect to any of the terms of any Loan Document or any departure by any Loan Party therefrom, (B) otherwise
acted on any matter related to any Loan Document or (C) directed or required the Administrative Agent or any Lender to undertake
any action (or refrain from taking any action) with respect to or under any Loan Document; it being understood and agreed that the portion
of the Loan and/or Commitments that accounts for more than 49.9% of the relevant Required Lender or Required Revolving Lender action shall
be deemed to be voted pro rata along with other Lenders that are not Debt Fund Affiliates. Any Loan acquired by any Debt Fund Affiliate
may (but shall not be required to) be contributed to Holdings or any of its subsidiaries for purposes of cancelling such Indebtedness
(it being understood that any Loan so contributed shall, to the extent permitted by applicable Requirements of Law, be retired and cancelled
immediately upon thereof); provided that upon any such cancellation, the aggregate outstanding principal amount of the relevant
Class of Loans shall be deemed reduced, as of the date of such contribution, by the full par value of the aggregate principal amount
of the Loans so contributed and cancelled, and each principal repayment installment with respect to the Term Loans pursuant to Section 2.10(a) shall
be reduced pro rata by the full par value of the aggregate principal amount of any applicable Term Loans so contributed and cancelled.

 

Section 9.06.          Survival.
All covenants, agreements, representations and warranties made by the Loan Parties in the Loan Documents and in the certificates or other
instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied
upon by the other parties hereto and shall survive the execution and delivery of the Loan Documents and the making of any Loan and issuance
of any Letter of Credit regardless of any investigation made by any such other party or on its behalf and notwithstanding that the Administrative
Agent may have had notice or knowledge of any Default or Event of Default or incorrect representation or warranty at the time any credit
is extended hereunder, and shall continue in full force and effect until the Termination Date. The provisions of Sections 2.15,
2.16, 2.17, 9.03 and 9.13 and Article 8 shall survive and remain in full force and effect regardless
of the consummation of the transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Letters
of Credit and the Revolving Credit Commitment, the occurrence of the Termination Date or the termination of this Agreement or any provision
hereof but in each case, subject to the limitations set forth in this Agreement.

 

Section 9.07.          Counterparts;
Integration; Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto on 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, each Intercreditor Agreement and the Fee Letter constitute the entire agreement 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. This Agreement shall become effective when it has been executed by Holdings, the Borrower and the Administrative Agent
and when the Administrative Agent has received counterparts hereof which, when taken together, bear the signatures of each of the other
parties hereto, and thereafter shall be binding upon and inure to the benefit of the parties hereto and their respective successors and
permitted assigns. Delivery of an executed counterpart of a signature page to this Agreement by facsimile or by email as a “.pdf”
or “.tif” attachment shall be effective as delivery of a manually executed counterpart of this Agreement. It is understood
and agreed that, subject to any Requirement of Law, the words “execution”, “signed”, “signature”,
 “delivery” and words of like import in or relating to any Loan Document shall be deemed to include any Electronic Signature,
delivery or the keeping of any record in electronic form, each of which shall have the same legal effect, validity or enforceability
as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system 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 similar state laws based on the Uniform Electronic Transactions Act.

 

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Section 9.08.          Severability.
To the extent permitted by applicable Requirements of Law, any provision of any Loan Document held to be invalid, illegal or unenforceable
in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without
affecting the validity, legality and enforceability of the remaining provisions thereof; and the invalidity of a particular provision
in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

 

Section 9.09.          Right
of Setoff. At any time when an Event of Default exists, the Administrative Agent and, upon the written consent of the Administrative
Agent, each Issuing Bank and each Lender is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable
Requirements of Law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time
held and other obligations (in any currency) at any time owing by the Administrative Agent, such Issuing Bank or such Lender, respectively,
to or for the credit or the account of any Loan Party against any of and all the Secured Obligations held by the Administrative Agent,
such Issuing Bank or such Lender, irrespective of whether or not the Administrative Agent, such Issuing Bank or such Lender shall have
made any demand under the Loan Documents and although such obligations may be contingent or unmatured or are owed to a branch or office
of such Lender or Issuing Bank different than the branch or office holding such deposit or obligation on such Indebtedness. The Administrative
Agent shall promptly notify the Borrower and any applicable Lender or Issuing Bank shall promptly notify the Borrower and the Administrative
Agent of such set-off or application, as applicable; provided that any failure to give or any delay in giving such notice shall
not affect the validity of any such set-off or application under this Section. The rights of each Lender, each Issuing Bank and the Administrative
Agent under this Section are in addition to other rights and remedies (including other rights of setoff) which such Lender, such
Issuing Bank or the Administrative Agent may have.

 

Section 9.10.          Governing
Law; Jurisdiction; Consent to Service of Process.

 

(a)           THIS
AGREEMENT AND THE OTHER LOAN DOCUMENTS (OTHER THAN AS EXPRESSLY SET FORTH IN ANY OTHER LOAN DOCUMENT) AND ANY CLAIM, CONTROVERSY OR DISPUTE
ARISING UNDER OR RELATED TO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (OTHER THAN AS EXPRESSLY SET FORTH IN ANY OTHER LOAN DOCUMENT),
WHETHER IN TORT, CONTRACT (AT LAW OR IN EQUITY) OR OTHERWISE, SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH,
THE LAWS OF THE STATE OF NEW YORK.

 

(b)           EACH
PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF ANY US FEDERAL
OR NEW YORK STATE COURT SITTING IN THE BOROUGH OF MANHATTAN, IN THE CITY OF NEW YORK (OR ANY APPELLATE COURT THEREFROM) OVER ANY
SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENT AND AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR
PROCEEDING SHALL (EXCEPT AS PERMITTED BELOW) BE HEARD AND DETERMINED IN SUCH NEW YORK STATE OR, TO THE EXTENT PERMITTED BY APPLICABLE
REQUIREMENTS OF LAW, FEDERAL COURT. EACH PARTY HERETO AGREES THAT SERVICE OF ANY PROCESS, SUMMONS, NOTICE OR DOCUMENT BY REGISTERED MAIL
ADDRESSED TO SUCH PERSON SHALL BE EFFECTIVE SERVICE OF PROCESS AGAINST SUCH PERSON FOR ANY SUIT, ACTION OR PROCEEDING BROUGHT IN ANY
SUCH COURT. EACH PARTY HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION OR PROCEEDING MAY BE ENFORCED IN OTHER JURISDICTIONS
BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY APPLICABLE REQUIREMENTS OF LAW. EACH PARTY HERETO AGREES THAT THE ADMINISTRATIVE
AGENT RETAINS THE RIGHT TO BRING PROCEEDINGS AGAINST ANY LOAN PARTY IN THE COURTS OF ANY OTHER JURISDICTION SOLELY IN CONNECTION WITH
THE EXERCISE OF ITS RIGHTS UNDER ANY COLLATERAL DOCUMENT.

 

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(c)           EACH
PARTY HERETO HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT IT MAY LEGALLY AND EFFECTIVELY DO SO, ANY OBJECTION
WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY SUIT, 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. EACH PARTY HERETO HEREBY IRREVOCABLY
WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE REQUIREMENTS OF LAW, ANY CLAIM OR DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE
OF SUCH ACTION, SUIT OR PROCEEDING IN ANY SUCH COURT.

 

(d)           To
the extent permitted by APPLICABLE REQUIREMENTS OF law, each party hereto hereby irrevocably waives personal service of any and all process
upon it and agrees that all such service of process may be made by registered mail (OR ANY SUBSTANTIALLY SIMILAR FORM OF MAIL) directed
to it at its address for notices as provided for in Section 9.01. each Party hereto hereby waives any objection to such service
of process and further irrevocably waives and agrees not to plead or claim in any action or proceeding commenced hereunder or under any
loan document that service of process was invalid and ineffective. Nothing in this Agreement or any other Loan Document will affect the
right of any party to this Agreement to serve process in any other manner permitted by APPLICABLE REQUIREMENTS OF law.

 

Section 9.11.          Waiver
of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE REQUIREMENTS OF LAW, ANY
RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY SUIT, ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER
THEORY) DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY OR THEREBY. EACH PARTY HERETO (a) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HERETO HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY 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 BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS
IN THIS SECTION.

 

Section 9.12.          Headings.
Article and Section headings and the Table of Contents used herein are for convenience of reference only, are not part of this
Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement.

 

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Section 9.13.          Confidentiality.
Each of the Administrative Agent, each Lender, each Issuing Bank and each Arranger agrees (and each Lender agrees to cause its SPC, if
any) to maintain the confidentiality of the Confidential Information (as defined below), except that Confidential Information may be
disclosed:

 

(a)            to
its and its Affiliates’ members, partners, directors (or equivalent managers), officers, managers, employees, agents, independent
auditors, or other experts and advisors, including accountants, legal counsel and other advisors (collectively, the “Representatives”)
on a “need to know” basis solely in connection with the transactions contemplated hereby and who are informed of the confidential
nature of the Confidential Information and are or have been advised of their obligation to keep the Confidential Information of this
type confidential; provided that such Person shall be responsible for its Affiliates’ and their Representatives’ compliance
with this paragraph; provided, further, that unless the Borrower otherwise consents, no such disclosure shall be made by the Administrative
Agent, any Issuing Bank, any Arranger, any Lender or any Affiliate or Representative thereof to any Affiliate or Representative of the
Administrative Agent, any Issuing Bank, any Arranger, or any Lender that is a Disqualified Institution,

 

(b)           to
the extent compelled by legal process in, or reasonably necessary to, the defense of such legal, judicial or administrative proceeding,
in any legal, judicial or administrative proceeding or otherwise as required by applicable Requirements of Law (in which case such Person
shall, except with respect to any audit or examination conducted by bank accountants or any governmental, regulatory or self-regulatory
authority exercising examination or regulatory authority, (i) to the extent practicable and permitted by applicable Requirements
of Law, inform the Borrower promptly in advance thereof and (ii) use commercially reasonable efforts to ensure that any such information
so disclosed is accorded confidential treatment),

 

(c)            upon
the demand or request of any regulatory or governmental authority (including any self-regulatory body) purporting to have jurisdiction
over such Person or its Affiliates (in which case such Person shall, except with respect to any audit or examination conducted by bank
accountants or any Governmental Authority or regulatory or self-regulatory authority exercising examination or regulatory authority,
to the extent permitted by applicable Requirements of Law, (i) to the extent practicable and permitted by applicable Requirements
of Law, inform the Borrower promptly in advance thereof and (ii) use commercially reasonable efforts to ensure that any information
so disclosed is accorded confidential treatment),

 

(d)           to
the extent provided by or on behalf of the Borrower to the Administrative Agent for distribution to the Issuing Banks and/or Lenders,
by the Administrative Agent to any Lender or Issuing Bank party to this Agreement, as applicable,

 

(e)           subject
to an acknowledgment and agreement by the relevant recipient that the Confidential Information is being disseminated on a confidential
basis (on substantially the terms set forth in this paragraph or as otherwise reasonably acceptable to the Borrower and the Administrative
Agent) in accordance with the standard syndication process of the Arrangers or market standards for dissemination of the relevant type
of information, which shall in any event require “click through” or other affirmative action on the part of the recipient
to access the Confidential Information and acknowledge its confidentiality obligations in respect thereof, to (i) any Eligible Assignee
of or Participant in, or any prospective Eligible Assignee of or prospective Participant in, any of its rights or obligations under this
Agreement, including any SPC (in each case other than a Disqualified Institution and/or any Person to whom the Borrower has, at the time
of disclosure, affirmatively declined to consent to any assignment or participation), (ii) any pledgee referred to in Section 9.05,
(iii) any actual or prospective, direct or indirect contractual counterparty (or its advisors) to any Derivative Transaction (including
any credit default swap) or similar derivative product to which any Loan Party is a party,

 

(f)            subject
to the Borrower’s prior approval of the information to be disclosed, (i) to Moody’s or S&P on a confidential basis
in connection with obtaining or maintaining ratings required under Section 5.13 or (ii) to the CUSIP Service Bureau
or any similar agency on a confidential basis in connection with the issuance and monitoring of CUSIP numbers with respect to the facilities
or

 

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(g)           (i) the
existence of this Agreement (but not the terms hereof) and the existence of the Credit Facilities (but not the terms thereof) and (ii) certain
other limited generic information regarding the Credit Facilities (but not any other Confidential Information), may be disclosed to market
data collectors and other similar service providers to the lending industry and, in the case of the Administrative Agent, to service providers
to the Administrative Agent in connection with the administration of the Credit Facilities,

 

(h)           to
the extent the Confidential Information becomes publicly available other than as a result of a breach of this Section by such Person,
its Affiliates or their respective Representatives, and

 

(i)            with
the prior written consent of the Borrower.

 

For purposes of this Section, “Confidential
Information” means all information relating to Holdings, the Borrower and/or any of its subsidiaries and their respective businesses
or the Transactions (including any information obtained by the Administrative Agent, any Issuing Bank, any Lender or any Arranger, or
any of their respective Affiliates or Representatives, based on a review of any books and records relating to Holdings, the Borrower and/or
any of its subsidiaries and their respective Affiliates from time to time, including prior to the date hereof) other than any such information
that is publicly available to the Administrative Agent or any Arranger, Issuing Bank, or Lender on a non-confidential basis prior
to disclosure by Holdings or any of its subsidiaries. For the avoidance of doubt, in no event shall any disclosure of any Confidential
Information be made to any Person that is a Disqualified Institution at the time of disclosure.

 

Section 9.14.           No
Fiduciary Duty. Each of the Administrative Agent, the Arrangers, each Lender, each Issuing Bank and their respective Affiliates (collectively,
solely for purposes of this paragraph, the “Credit Parties”), may have economic interests that conflict with those
of the Loan Parties, their stockholders and/or their respective affiliates. Each Loan Party agrees that nothing in the Loan Documents
or otherwise will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between any Credit
Party, on the one hand, and such Loan Party, its respective stockholders or its respective affiliates, on the other. Each Loan Party
acknowledges and agrees that: (i) the transactions contemplated by the Loan Documents (including the exercise of rights and remedies
hereunder and thereunder) are arm’s-length commercial transactions between the Credit Parties, on the one hand, and the Loan Parties,
on the other, and (ii) in connection therewith and with the process leading thereto, (x) no Credit Party, in its capacity as
such, has assumed an advisory or fiduciary responsibility in favor of any Loan Party, its respective stockholders or its respective affiliates
with respect to the transactions contemplated hereby (or the exercise of rights or remedies with respect thereto) or the process leading
thereto (irrespective of whether any Credit Party has advised, is currently advising or will advise any Loan Party, its respective stockholders
or its respective Affiliates on other matters) or any other obligation to any Loan Party except the obligations expressly set forth in
the Loan Documents and (y) each Credit Party, in its capacity as such, is acting solely as principal and not as the agent or fiduciary
of such Loan Party, its respective management, stockholders, creditors or any other Person. Each Loan Party acknowledges and agrees that
such Loan Party has consulted its own legal, tax and financial advisors to the extent it deemed appropriate and that it is responsible
for making its own independent judgment with respect to such transactions and the process leading thereto.

 

Section 9.15.           Several
Obligations. The respective obligations of the Lenders hereunder are several and not joint and the failure of any Lender to make
any Loan, issue any Letter of Credit or perform any of its obligations hereunder shall not relieve any other Lender from any of its obligations
hereunder.

 

Section 9.16.          USA
PATRIOT Act. Each Lender that is subject to the requirements of the USA PATRIOT Act and the requirements of the Beneficial Ownership
Regulation hereby notifies the Loan Parties that pursuant to the requirements of the USA PATRIOT Act and the Beneficial Ownership Regulation,
it is required to obtain, verify and record information that identifies each Loan Party, which information includes the name and address
of such Loan Party and other information that will allow such Lender to identify such Loan Party in accordance with the USA PATRIOT Act
and the Borrower in accordance with the Beneficial Ownership Regulation.

 

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Section 9.17.           Disclosure
of Agent Conflicts. Each Loan Party, each Issuing Bank and each Lender hereby acknowledge and agree that the Administrative Agent
and/or its Affiliates from time to time may hold investments in, make other loans to or have other relationships with any of the Loan
Parties and their respective Affiliates.

 

Section 9.18.          Appointment
for Perfection. Each Lender hereby appoints each other Lender and each Issuing Bank as its agent for the purpose of perfecting Liens
for the benefit of the Administrative Agent, the Issuing Banks and the Lenders, in assets which, in accordance with Article 9 of
the UCC or any other applicable Requirement of Law can be perfected only by possession. If any Lender or Issuing Bank (other than the
Administrative Agent) obtains possession of any Collateral, such Lender or Issuing Bank shall notify the Administrative Agent thereof
and, promptly upon the Administrative Agent’s request therefor shall deliver such Collateral to the Administrative Agent or otherwise
deal with such Collateral in accordance with the Administrative Agent’s instructions.

 

Section 9.19.           Interest
Rate Limitation. Notwithstanding anything herein to the contrary, if at any time the interest rate applicable to any Loan or Letter
of Credit, together with all fees, charges and other amounts which are treated as interest on such Loan or Letter of Credit under applicable
Requirements of Law (collectively the “Charged Amounts”), shall exceed the maximum lawful rate (the “Maximum
Rate”) which may be contracted for, charged, taken, received or reserved by the Lender or Issuing Bank holding such Loan or
Letter of Credit in accordance with applicable Requirements of Law, the rate of interest payable in respect of such Loan or Letter of
Credit hereunder, together with all Charged Amounts payable in respect thereof, shall be limited to the Maximum Rate and, to the extent
lawful, the interest and Charged Amounts that would have been payable in respect of such Loan or Letter of Credit but were not payable
as a result of the operation of this Section shall be cumulated and the interest and Charged Amounts payable to such Lender or Issuing
Bank in respect of other Loans or Letters of Credit or periods shall be increased (but not above the Maximum Rate therefor) until such
cumulated amount, together with interest thereon at the Federal Funds Effective Rate to the date of repayment, have been received by
such Lender or Issuing Bank.

 

Section 9.20.          Intercreditor
Agreements. REFERENCE IS MADE TO EACH INTERCREDITOR AGREEMENT. EACH LENDER AND EACH ISSUING BANK HEREUNDER AGREES THAT IT WILL BE
BOUND BY AND WILL TAKE NO ACTION CONTRARY TO THE PROVISIONS OF EACH INTERCREDITOR AGREEMENT AND AUTHORIZES AND INSTRUCTS THE ADMINISTRATIVE
AGENT TO ENTER INTO EACH APPLICABLE INTERCREDITOR AGREEMENT AS “FIRST LIEN AGENT” (OR EQUIVALENT) AND ON BEHALF OF SUCH LENDER
OR ISSUING BANK. THE PROVISIONS OF THIS SECTION 9.20 ARE NOT INTENDED TO SUMMARIZE ALL RELEVANT PROVISIONS OF ANY INTERCREDITOR
AGREEMENT. REFERENCE MUST BE MADE TO EACH INTERCREDITOR AGREEMENT ITSELF TO UNDERSTAND ALL TERMS AND CONDITIONS THEREOF. EACH LENDER
AND ISSUING BANK IS RESPONSIBLE FOR MAKING ITS OWN ANALYSIS AND REVIEW OF EACH INTERCREDITOR AGREEMENT AND THE TERMS AND PROVISIONS THEREOF,
AND NEITHER THE ADMINISTRATIVE AGENT NOR ANY OF ITS AFFILIATES MAKES ANY REPRESENTATION TO ANY LENDER OR ISSUING BANK AS TO THE SUFFICIENCY
OR ADVISABILITY OF THE PROVISIONS CONTAINED IN ANY INTERCREDITOR AGREEMENT. THE FOREGOING PROVISIONS ARE INTENDED AS AN INDUCEMENT TO
THE LENDERS UNDER THE SECOND LIEN CREDIT AGREEMENT AND/OR THE LENDERS OR HOLDERS OF ANY OTHER INDEBTEDNESS SUBJECT TO ANY APPLICABLE
INTERCREDITOR AGREEMENT TO EXTEND CREDIT THEREUNDER AND SUCH LENDERS AND/OR HOLDERS ARE INTENDED THIRD PARTY BENEFICIARIES OF SUCH PROVISIONS
AND THE PROVISIONS OF EACH APPLICABLE INTERCREDITOR AGREEMENT.

 

Section 9.21.           Conflicts.
Notwithstanding anything to the contrary contained herein or in any other Loan Document, in the event of any conflict or inconsistency
between this Agreement and any other Loan Document, the terms of this Agreement shall govern and control; provided that in the
case of any conflict or inconsistency between any Intercreditor Agreement and any Loan Document, the terms of such Intercreditor Agreement
shall govern and control.

 

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Section 9.22.           Release
of Guarantors. Notwithstanding anything in Section 9.02(b) to the contrary, (a) any Subsidiary Guarantor shall
automatically be released from its obligations hereunder (and its Loan Guaranty and any Lien granted by such Subsidiary Guarantor pursuant
to any Collateral Document) shall be automatically released) (i) upon the consummation of any transaction or series of related transactions
not prohibited hereunder if as a result thereof such Subsidiary Guarantor ceases to be a Restricted Subsidiary (or is or becomes an Excluded
Subsidiary as a result of a single transaction or series of related transactions not prohibited hereunder), (ii) upon the occurrence
of the Termination Date and/or (iii) with respect to any Discretionary Guarantor, upon notice by the Borrower to the Administrative
Agent at any time as a result of a single transaction or series of related transactions not prohibited hereunder and (b) any Subsidiary
Guarantor that meets the definition of an “Excluded Subsidiary” shall be released by the Administrative Agent promptly following
the request therefor by the Borrower, subject, if applicable, to the Specified Guarantor Release Provision. In connection with any such
release, the Administrative Agent shall promptly execute and deliver to the relevant Loan Party, at such Loan Party’s expense,
all documents that such Loan Party shall reasonably request to evidence termination or release; provided, that upon the request
of the Administrative Agent, the Borrower shall deliver a certificate of a Responsible Officer certifying that the relevant transaction
has been consummated in compliance with the terms of this Agreement. Any execution and delivery of any document pursuant to the preceding
sentence of this Section 9.22 shall be without recourse to or warranty by the Administrative Agent (other than as to the
Administrative Agent’s authority to execute and deliver such documents).

 

Section 9.23.           Acknowledgement
and Consent to Bail-In of Affected Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any
other agreement, arrangement or understanding of the parties hereto, each such party acknowledges that any liability of any Affected
Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and
conversion powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

 

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

 

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

 

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

 

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

 

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

 

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Section 9.24.           Certain
ERISA Matters. 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, that at least one
of the following is and will be true:

 

(a)           such
Lender is not using “plan assets” (within the meaning of Section 3(42) of ERISA or otherwise) of one or more Benefit
Plans with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters
of Credit, the Commitments or this Agreement,

  

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

 

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

 

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

 

In addition, unless either (1) sub-clause
(i) in the immediately preceding paragraph is true with respect to a Lender or (2) a Lender has provided another representation,
warranty and covenant in accordance with sub-clause (iv) in the immediately preceding paragraph, such Lender further (x) represents
and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a
Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and not,
for the avoidance of doubt, to or for the benefit of the Borrower or any other Loan Party, that the Administrative Agent is not a fiduciary
with respect to the assets of such Lender involved in such Lender’s entrance into, participation in, administration of and performance
of the Loans, the Letters of Credit, the Commitments and this Agreement (including in connection with the reservation or exercise of any
rights by the Administrative Agent under this Agreement, any Loan Document or any documents related hereto or thereto). To the extent
the Administrative Agent (or any sub-agent thereof), any Issuing Bank or any Related Party of any of the foregoing is not reimbursed and
indemnified by the Borrower, the Lenders severally agree to reimburse and indemnify the Administrative Agent (or any such sub-agent),
such Issuing Bank or such Related Party, as the case may be, in proportion to their respective “pro rata shares” (determined
as set forth below) for and against any and all liabilities, obligations, losses, damages, penalties, claims, actions, judgments, costs,
expenses or disbursements of whatsoever kind or nature which may be imposed on, asserted against or incurred by the Administrative Agent
(or such sub-agent), such Issuing Bank or such Related Party in performing its duties hereunder or under any other Loan Document or in
any way relating to or arising out of this Agreement or any other Loan Document; provided, that no Lender shall be liable for any portion
of such liabilities, obligations, losses, damages, penalties, claims, actions, judgments, suits, costs, expenses or disbursements resulting
from the Administrative Agent’s, such Issuing Bank’s or such Related Party’s, as applicable, gross negligence or willful
misconduct (as determined by a court of competent jurisdiction in a final and non-appealable decision). For purposes of this paragraph,
a Lender’s “pro rata share” shall be determined based upon its share of the sum of, without duplication, the total Revolving
Credit Exposures, unused Commitments and outstanding Loans, in each case, at the time (or most recently outstanding and in effect).

 

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Section 9.25.           Judgment
Currency. If, for the purpose of obtaining judgment in any court, it is necessary to convert a sum due hereunder or any other Loan
Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking procedures
the Administrative Agent could purchase the first currency with such other currency on the Business Day preceding that on which final
judgment is given. The obligation of the Borrower in respect of any such sum due from it to the Administrative Agent or the Lenders hereunder
or under the other Loan Documents shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other
than that in which such sum is denominated in accordance with the applicable provisions of this Agreement (the “Agreement Currency”),
be discharged only to the extent that on the Business Day following receipt by the Administrative Agent of any sum adjudged to be so due
in the Judgment Currency, the Administrative Agent may in accordance with normal banking procedures purchase the Agreement Currency with
the Judgment Currency. If the amount of the Agreement Currency so purchased is less than the sum originally due to the Administrative
Agent from the Borrower in the Agreement Currency, the Borrower agrees, as a separate obligation and notwithstanding any such judgment,
to indemnify the Administrative Agent or the Person to whom such obligation was owing against such loss. If the amount of the Agreement
Currency so purchased is greater than the sum originally due to the Administrative Agent in such currency, the Administrative Agent agrees
to return the amount of any excess to the Borrower (or to any other Person who may be entitled thereto under applicable Requirements of
Law).

 

Section 9.26.          Acknowledgement
Regarding Any Supported QFCs. To the extent that the Loan Documents provide support, through a guarantee or otherwise, for Derivative
Transactions 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 “US 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 US or any other state of the US):

 

(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 US 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 US 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 US or a state of the US. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to
a proceeding under a US 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 US Special Resolution Regime if the Supported QFC and the Loan Documents were governed
by the laws of the US or a state of the US. 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 9.26, the following terms have the following meanings:

 

“BHC ACT Affiliate”
means an “affiliate” (as defined under, and interpreted in accordance with, 12 U.S.C. 1841(k)).

 

“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);

 

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(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).

 

[Signature Pages Follow]

 

    216

     

    

 

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

 

	 	SOVOS BRANDS INTERMEDIATE, INC.,
as the Borrower
	 	 
	 	By:	/s/ Chris Hall
	 	 	Name: Chris Hall
	 	 	Title:   Treasurer and Chief Financial Officer
	 	 
	 	SOVOS BRANDS HOLDINGS, INC., as Holdings
	 	 
	 	By:	/s/ Chris Hall
	 	 	Name: Chris Hall
	 	 	Title:   Treasurer and Chief Financial Officer

 

[Signature
Page to First Lien Credit Agreement]

 

     

     

    

 

	 	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as
 Administrative Agent, an Issuing Bank, an Initial Revolving
 Lender and as Initial Term Lender
	 	 	 
	 	By:	/s/ Vipul Dhadda
	 	 	Name: Vipul Dhadda
	 	 	Title:   Authorized Signatory
	 	 
	 	By:	s/s Daniel Kogan
	 	 	Name: Daniel Kogan
	 	 	Title:   Authorized Signatory

 

[Signature
Page to First Lien Credit Agreement]

 

     

     

    

 

	 	JPMORGAN
CHASE BANK, N.A., as an Initial Revolving

 Lender and an Issuing Bank
	 	 
	 	By:	/s/ Anna C. Araya
	 	 	Name: Anna C. Araya
	 	 	Title:   Executive Director

 

[Signature
Page to First Lien Credit Agreement]

 

     

     

    

 

	 	GOLDMAN
SACHS BANK USA, as an Initial Revolving

 Lender and an Issuing Bank
	 	 
	 	By:	 /s/ Thomas Manning
	 	 	Name: Thomas Manning
	 	 	Title:   Authorized Signatory

  

[Signature
Page to First Lien Credit Agreement]

 

     

     

    

 

	 	BANK
OF AMERICA, N.A., as an Initial Revolving Lender 

and an Issuing Bank
	 	 
	 	By:	/s/ Anthony Hoye
	 	 	Name: Anthony Hoye
	 	 	Title:   Director
	 	 

 

[Signature Page to
First Lien Credit Agreement]

 

     

     

    

 

	 	BARCLAYS
BANK PLC, as an Initial Revolving Lender

 and an Issuing Bank
	 	 
	 	By:	/s/ Ritam Bhalla
		 	Name: Ritam Bhalla
	 	 	Title:   Director
	 	 

 

[Signature
Page to First Lien Credit Agreement]

 

     

     

    

 

	 	UBS
AG, STAMFORD BRANCH, as an Initial Revolving 

Lender and Issuing Bank
	 	 
	 	By:	/s/ Anthony N. Joseph
	 	 	Name: Anthony N Joseph
	 	 	Title:   Associate Director

 

	 	By:	/s/ Houssem Daly
	 		Name: Houssem Daly
	 		Title:   Director

 

[Signature
Page to First Lien Credit Agreement]

 

     

     

    

 

	 	CITIZENS
BANK, N.A., as an Initial Revolving Lender and

 an Issuing Bank
	 	 
	 	By:	/s/ Matthew K. Pierce
	 	 	Name: Matthew K. Pierce
	 	 	Title:   Vice President

 

[Signature
Page to First Lien Credit Agreement]

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