Document:

EXECUTION COPY

 

U.S. $4,000,000,000

 

AMENDED AND RESTATED FIVE YEAR CREDIT
AGREEMENT

 

Dated as of December 10, 2013

 

Among

 

HONEYWELL INTERNATIONAL INC.,

 

as Borrower,

 

and

 

THE INITIAL LENDERS NAMED HEREIN,

 

as Initial Lenders,

 

and

 

CITIBANK, N.A.,

 

as Administrative Agent

 

and

 

JPMORGAN CHASE BANK, N.A.,

 

as Syndication Agent

 

and

 

BANK OF AMERICA, N.A.,

BARCLAYS BANK PLC,

DEUTSCHE BANK SECURITIES INC.,

GOLDMAN SACHS BANK USA,

MORGAN STANLEY MUFG LOAN PARTNERS, LLC

and

THE ROYAL BANK OF SCOTLAND PLC,

 

as Documentation Agents

 

and

 

CITIGROUP GLOBAL MARKETS INC.

and

J.P. MORGAN SECURITIES LLC,

 

as Joint Lead Arrangers
and Co-Book Managers

    	 

    	

    

TABLE OF CONTENTS

 

	 	 	Page
	ARTICLE I	 	7
	 	 	 
	SECTION 1.01. Certain Defined Terms	 	7
	 	 	 
	SECTION 1.02. Computation of Time Periods	 	25
	 	 	 
	SECTION 1.03. Accounting Terms	 	25
	 	 	 
	ARTICLE II	 	25
	 	 	 
	SECTION 2.01. The Revolving Credit Advances, Letters of Credit and Swing
    Line Advances	 	26
	 	 	 
	SECTION 2.02. Making the Revolving Credit Advances and Swing Line Advances	 	27
	 	 	 
	SECTION 2.03. The Competitive Bid Advances	 	30
	 	 	 
	SECTION 2.04. Issuance of and Drawings and Reimbursement Under Letters
    of Credit	 	35
	 	 	 
	SECTION 2.05. Fees	 	37
	 	 	 
	SECTION 2.06. Termination or Reduction of the Commitments	 	38
	 	 	 
	SECTION 2.07. Repayment of Advances	 	40
	 	 	 
	SECTION 2.08. Interest on Revolving Credit Advances and Swing Line Advances	 	42
	 	 	 
	SECTION 2.09. Interest Rate Determination	 	43
	 	 	 
	SECTION 2.10. Prepayments of Revolving Credit Advances and Swing Line
    Advances	 	45
	 	 	 
	SECTION 2.11. Increased Costs	 	46
	 	 	 
	SECTION 2.12. Illegality	 	48
	 	 	 
	SECTION 2.13. Payments and Computations	 	48
	 	 	 
	SECTION 2.14. Taxes	 	49
	 	 	 
	SECTION 2.15. Sharing of Payments, Etc.	 	52
	 	 	 
	SECTION 2.16. Use of Proceeds	 	53
	 	 	 
	SECTION 2.17. Evidence of Debt	 	53

    	 

    	

    

	SECTION 2.18. Increase in the Aggregate Revolving Credit
    Commitments	 	54
	 	 	 
	SECTION 2.19. Extension of Termination Date	 	55
	 	 	 
	SECTION 2.20. Defaulting Lenders	 	57
	 	 	 
	ARTICLE III	 	60
	 	 	 
	SECTION 3.01. Conditions Precedent to Effectiveness of the Amendment
    and Restatement	 	60
	 	 	 
	SECTION 3.02. Initial Advance to Each Designated Subsidiary	 	61
	 	 	 
	SECTION 3.03. Conditions Precedent to Each Revolving Credit Borrowing,
    Swing Line Borrowing, Issuance, Commitment Increase and Extension Date	 	62
	 	 	 
	SECTION 3.04. Conditions Precedent to Each Competitive Bid Borrowing	 	63
	 	 	 
	SECTION 3.05. Determinations Under Section 3.01	 	64
	 	 	 
	ARTICLE IV	 	64
	 	 	 
	SECTION 4.01. Representations and Warranties of the Company	 	64
	 	 	 
	ARTICLE V	 	67
	 	 	 
	SECTION 5.01. Affirmative Covenants	 	67
	 	 	 
	SECTION 5.02. Negative Covenants	 	71
	 	 	 
	ARTICLE VI	 	72
	 	 	 
	SECTION 6.01. Events of Default	 	72
	 	 	 
	SECTION 6.02. Actions in Respect of the Letters of Credit upon Default	 	76
	 	 	 
	ARTICLE VII	 	77
	 	 	 
	SECTION 7.01. Unconditional Guarantee	 	77
	 	 	 
	SECTION 7.02. Guarantee Absolute	 	77
	 	 	 
	SECTION 7.03. Waivers	 	78
	 	 	 
	SECTION 7.04. Remedies	 	78
	 	 	 
	SECTION 7.05. No Stay	 	78
	 	 	 
	SECTION 7.06. Survival	 	79

    	3

    	

    

	ARTICLE VIII	 	79
	 	 	 
	SECTION 8.01. Authorization and Authority	 	79
	 	 	 
	SECTION 8.02. Rights as  a Lender	 	79
	 	 	 
	SECTION 8.03. Duties of Agent; Exculpatory Provisions	 	79
	 	 	 
	SECTION 8.04. Reliance by Agent	 	81
	 	 	 
	SECTION 8.05. Indemnification	 	81
	 	 	 
	SECTION 8.06. Delegation of Duties	 	82
	 	 	 
	SECTION 8.07. Resignation of Agent	 	82
	 	 	 
	SECTION 8.08. Non-Reliance on Agent and Other Lenders	 	84
	 	 	 
	SECTION 8.09. Other Agents	 	84
	 	 	 
	ARTICLE IX	 	84
	 	 	 
	SECTION 9.01. Amendments, Etc.	 	84
	 	 	 
	SECTION 9.02. Notices, Etc.	 	85
	 	 	 
	SECTION 9.03. No Waiver; Remedies	 	86
	 	 	 
	SECTION 9.04. Costs and Expenses	 	86
	 	 	 
	SECTION 9.05. Binding Effect	 	88
	 	 	 
	SECTION 9.06. Assignments and Participations	 	88
	 	 	 
	SECTION 9.07. Designated Subsidiaries	 	92
	 	 	 
	SECTION 9.08. Confidentiality	 	93
	 	 	 
	SECTION 9.09. Mitigation of Yield Protection	 	94
	 	 	 
	SECTION 9.10. Governing Law	 	94
	 	 	 
	SECTION 9.11. Execution in Counterparts	 	95
	 	 	 
	SECTION 9.12. Jurisdiction, Etc.	 	95
	 	 	 
	SECTION 9.13. Substitution of Currency	 	95
	 	 	 
	SECTION 9.14. Final Agreement	 	96

    	4

    	

    

	SECTION 9.15.
    Judgment	 	96
	 	 	 
	SECTION 9.16. No Liability
    of the Issuing Banks	 	96
	 	 	 
	SECTION 9.17. Patriot
    Act Notice	 	97
	 	 	 
	SECTION 9.18. License
    Agreement and CDS Data	 	97
	 	 	 
	SECTION 9.19. No Fiduciary
    Duty	 	98
	 	 	 
	SECTION 9.20. Waiver
    of Jury Trial	 	99

    	5

    	

    

SCHEDULES

 

Schedule I - Commitments

 

Schedule 2.01(b) - Existing Letters of Credit

 

EXHIBITS

 

	Exhibit A-1	-	Form of Revolving Credit Note
	 	 	 
	Exhibit A-2	-	Form of Competitive Bid Note
	 	 	 
	Exhibit B-1	-	Form of Notice of Revolving Credit Borrowing
	 	 	 
	Exhibit B-2	-	Form of Notice of Competitive Bid Borrowing
	 	 	 
	Exhibit B-3	-	Form of Notice of Swing Line Borrowing
	 	 	 
	Exhibit C	-	Form of Assignment and Assumption
	 	 	 
	Exhibit D	-	Form of Designation Letter
	 	 	 
	Exhibit E	 	Form of Opinion of the General Counsel or an Assistant General Counsel of the Company
	 	 	 
	Exhibit F	-	Form of Opinion of Counsel to a Designated Subsidiary
	 	 	 
	Exhibit G	 	Form of Opinion of Shearman & Sterling LLP, Counsel to the Agent

    	6

    	

    

AMENDED AND RESTATED FIVE YEAR CREDIT AGREEMENT

 

Dated as of December 10, 2013

 

HONEYWELL INTERNATIONAL
INC., a Delaware corporation (the “Company”), the banks, financial institutions and other institutional lenders
(the “Initial Lenders”), initial issuing banks (the “Initial Issuing Banks”) and swing line
banks (the “Initial Swing Line Banks”) listed on the signature pages hereof, and CITIBANK, N.A. (“Citibank”),
as administrative agent (the “Agent”) for the Lenders (as hereinafter defined), CITIBANK INTERNATIONAL PLC,
as swing line agent (the “Swing Line Agent”) for the Swing Line Banks (as hereinafter defined), JPMORGAN CHASE
BANK, N.A., as syndication agent, BANK OF AMERICA, N.A., BARCLAYS BANK PLC, DEUTSCHE BANK SECURITIES INC., GOLDMAN SACHS BANK USA,
MORGAN STANLEY MUFG LOAN PARTNERS, LLC and THE ROYAL BANK OF SCOTLAND PLC, as documentation agents, and CITIGROUP GLOBAL MARKETS
INC. and J.P. MORGAN SECURITIES LLC, as joint lead arrangers and co-book managers, hereby agree as follows:

 

PRELIMINARY STATEMENT.

 

The Company, the
lenders parties thereto and Citibank, as agent, were parties to that certain Five Year Credit
Agreement dated as of April 2, 2012 (the “Existing Credit Agreement”). Subject
to the satisfaction of the conditions set forth in Section 3.01, the Company, the parties hereto and Citibank, as Agent, desire
to amend and restate the Existing Credit Agreement as herein set forth.

 

ARTICLE I

 

DEFINITIONS AND ACCOUNTING TERMS

 

SECTION 1.01. Certain
Defined Terms.

 

As used in this Agreement
(this “Agreement”), the following terms shall have the following meanings (such meanings to be equally applicable
to both the singular and plural forms of the terms defined):

 

“Administrative
Questionnaire” means an Administrative Questionnaire in a form supplied by the Agent.

 

“Advance”
means a Revolving Credit Advance, a Swing Line Advance or a Competitive Bid Advance.

 

“Affiliate”
means, as to any Person, any other Person that, directly or indirectly, controls, is controlled by or is under common control with
such Person or is a director or officer of such Person. For purposes of this definition, the term “control” (including
the terms “controlling”, “controlled by” and “under common control with”) of a Person means
the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of such Person,
whether through the ownership of Voting Stock, by contract or otherwise.

    	7

    	

    

“Agents”
means the Agent and the Swing Line Agent.

 

“Agent’s
Account” means (a) in the case of Advances denominated in Dollars, the account of the Agent maintained by the Agent at
Citibank at its office at 388 Greenwich Street, New York, New York 10013, Account No. 36852248, Attention: Bank Loan Syndications,
(b) in the case of Advances denominated in any Foreign Currency, the account of the Sub-Agent designated in writing from time to
time by the Agent to the Company and the Lenders for such purpose and (c) in any such case, such other account of the Agent as
is designated in writing from time to time by the Agent to the Company and the Lenders for such purpose.

 

“Alternate
Currency” means any lawful currency other than Dollars and the Major Currencies that is freely transferable and convertible
into Dollars.

 

“Anti-Corruption
Laws” means all laws, rules, and regulations of any jurisdiction applicable to the Company or its Subsidiaries from time
to time concerning or relating to bribery or corruption.

 

“Applicable
Lending Office” means, with respect to each Lender, such Lender’s Domestic Lending Office in the case of a Base
Rate Advance and such Lender’s Eurocurrency Lending Office in the case of a Eurocurrency Rate Advance and, in the case of
a Competitive Bid Advance, the office of such Lender notified by such Lender to the Agent as its Applicable Lending Office with
respect to such Competitive Bid Advance.

 

“Applicable
Letter of Credit Rate” means, as of any date, a percentage per annum equal to the Market Rate Spread on the Spread Determination
Date in relation to Letters of Credit.

 

“Applicable
Margin” means (a) (i) for Eurocurrency Rate Advances and for Swing Line Advances as of any date, a percentage per annum
equal to the Market Rate Spread on the Spread Determination Date in relation to such Advances and (b) for Base Rate Advances as
of any date, a rate per annum that is 100 basis points lower than the rate determined in accordance with clause (a) above; provided
that in no event shall the Applicable Margin for Base Rate Advances be lower than 0.00%.

 

“Applicable
Percentage” means, as of any date, a percentage per annum determined by reference to the Public Debt Rating in effect
on such date as set forth below:

 

	Public Debt Rating

S&P/Moody’s	 	Applicable

Percentage
	Level 1

A+ or A1 or above	 	0.060%
	 	 	 
	Level 2

Lower than Level 1 but at least A or A2	 	0.070%

    	8

    	

    

	Level 3

Lower than Level 2 but at least A- or A3	 	0.100%
	 	 	 
	Level 4

Lower than Level 3 but at least BBB+ or Baa1	 	0.125%
	 	 	 
	Level 5

Lower than Level 4	 	0.175%

 

“Assignment
and Assumption” means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent
of any party whose consent is required by Section 9.06), and accepted by the Agent, in substantially the form of Exhibit C or any
other form approved by the Administrative Agent.

 

“Assuming
Lender” has the meaning specified in Section 2.18(d).

 

“Assumption
Agreement” has the meaning specified in Section 2.18(d)(ii).

 

“Available
Amount” of any Letter of Credit means, at any time, the maximum amount available to be drawn under such Letter of Credit
at such time (assuming compliance at such time with all conditions to drawing), converting all non-Dollar amounts into the Dollar
Equivalent thereof at such time; provided, however, that with respect to any Letter of Credit that, by its terms or the
terms of any L/C Related Document related thereto, provides for one or more automatic increases in the stated amount thereof, the
Available Amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving
effect to all such increases, whether or not such maximum stated amount is in effect at such times.

 

“Base
Rate” means a fluctuating interest rate per annum in effect from time to time, which rate per annum shall at all times
be equal to the highest of:

 

(a) the
rate of interest announced publicly by Citibank in New York, New York, from time to time, as Citibank’s base rate;

 

(b) 1/2
of one percent per annum above the Federal Funds Rate; and

 

(c) the
London interbank offered rate applicable to Dollars for a period of one month as determined by reference to the Reuters Page (“One
Month LIBOR”) plus 1.00% (for the avoidance of doubt, the One Month LIBOR for any day shall be based on the rate appearing
on the Reuters Page (or other commercially available source providing such quotations as designated by the Agent from time to time)
at approximately 11:00 a.m. London time on such day).

 

“Base
Rate Advance” means a Revolving Credit Advance denominated in Dollars that bears interest as provided in Section 2.08(a)(i)(A).

    	9

    	

    

“Borrower”
means the Company or any Designated Subsidiary, as the context requires.

 

“Borrowing”
means a Revolving Credit Borrowing, a Swing Line Borrowing or a Competitive Bid Borrowing.

 

“Bribery
Act” means the United Kingdom Bribery Act of 2010.

 

“Business
Day” means a day of the year on which banks are not required or authorized by law to close in New York City and, if the
applicable Business Day relates to any Eurocurrency Rate Advance or LIBO Rate Advance, on which dealings are carried on in the
London interbank market and banks are open for business in London and in the country of issue of the currency of such Eurocurrency
Rate Advance or LIBO Rate Advance (or, in the case of an Advance denominated in Euros, on which the Trans-European Automated Real-Time
Gross Settlement Express Transfer (TARGET) System is open) and, if the applicable Business Day relates to any Local Rate Advance,
on which banks are open for business in the country of issue of the currency of such Local Rate Advance.

 

“Cash
Deposit Account” means an interest bearing cash deposit account to be established and maintained by the Agent, over which
the Agent shall have sole dominion and control, upon such terms as may be satisfactory to the Agent.

 

“Change
of Control” means that (i) any Person or group of Persons (within the meaning of Section 13 or 14 of the Securities Exchange
Act of 1934, as amended (the “Act”)) (other than the Company, any Subsidiary of the Company or any savings,
pension or other benefit plan for the benefit of employees of the Company or its Subsidiaries) which theretofore beneficially owned
less than 30% of the Voting Stock of the Company then outstanding shall have acquired beneficial ownership (within the meaning
of Rule 13d-3 promulgated by the Securities and Exchange Commission under the Act) of 30% or more in voting power of the outstanding
Voting Stock of the Company or (ii) during any period of twelve consecutive calendar months commencing at the Effective Date, individuals
who at the beginning of such twelve-month period were directors of the Company shall cease to constitute a majority of the Board
of Directors of the Company.

 

“Citibank”
means Citibank, N.A.

 

“Commitment”
means a Revolving Credit Commitment, a Letter of Credit Commitment or a Swing Line Commitment.

 

“Commitment
Date” has the meaning specified in Section 2.18(b).

 

“Commitment
Increase” has the meaning specified in Section 2.18(a).

 

“Competitive
Bid Advance” means an advance by a Lender to any Borrower as part of a Competitive Bid Borrowing resulting from the competitive
bidding procedure described in Section 2.03 and refers to a Fixed Rate Advance, a LIBO Rate Advance or a Local Rate Advance (each
of which shall be a “Type” of Competitive Bid Advance).

    	10

    	

    

“Competitive
Bid Borrowing” means a borrowing consisting of simultaneous Competitive Bid Advances from each of the Lenders whose offer
to make one or more Competitive Bid Advances as part of such borrowing has been accepted under the competitive bidding procedure
described in Section 2.03.

 

“Competitive
Bid Note” means a promissory note of any Borrower payable to the order of any Lender, in substantially the form of Exhibit
A-2 hereto, evidencing the indebtedness of such Borrower to such Lender resulting from a Competitive Bid Advance made by such Lender
to such Borrower.

 

“Consenting
Lender” has the meaning specified in Section 2.19(b).

 

“Consolidated”
refers to the consolidation of accounts in accordance with GAAP.

 

“Consolidated
Subsidiary” means, at any time, any Subsidiary the accounts of which are required at that time to be included on a Consolidated
basis in the Consolidated financial statements of the Company, assuming that such financial statements are prepared in accordance
with GAAP.

 

“Convert”,
“Conversion” and “Converted” each refers to a conversion of Revolving Credit Advances of
one Type into Revolving Credit Advances of the other Type pursuant to Section 2.09 or 2.12.

 

“Debt”
means, with respect to any Person: (i) indebtedness of such Person, which is not limited as to recourse to such Person, for borrowed
money (whether by loan or the issuance and sale of debt securities) or for the deferred (for 90 days or more) purchase or acquisition
price of property or services; (ii) indebtedness or obligations of others which such Person has assumed or guaranteed; (iii) indebtedness
or obligations of others secured by a lien, charge or encumbrance on property of such Person whether or not such Person shall have
assumed such indebtedness or obligations; (iv) obligations of such Person in respect of letters of credit (other than performance
letters of credit, except to the extent backing an obligation of any Person which would be Debt of such Person), acceptance facilities,
or drafts or similar instruments issued or accepted by banks and other financial institutions for the account of such Person; and
(v) obligations of such Person under leases which are required to be capitalized on a balance sheet of such Person in accordance
with GAAP.

 

“Default”
means any Event of Default or any event that would constitute an Event of Default but for the requirement that notice be given
or time elapse or both.

 

“Defaulting
Lender” means at any time, subject to Section 2.20(d), (i) any Lender that has failed for two or more Business Days to
comply with its obligations under this Agreement to make an Advance, unless such Lender notifies the Agent and the Company in writing
that such failure to comply is the result of such Lender’s determination that one or more conditions precedent to funding
(each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has
not been satisfied, (ii) any Lender that has notified the Agent or the Company in writing, or has stated publicly, that it does
not intend to comply with its funding obligations hereunder

    	11

    	

    

(unless such writing or public
statement relates to such Lender’s obligation to fund an Advance hereunder and states that such position is based on such
Lender’s determination that a condition precedent to funding (which condition precedent, together with any applicable default,
shall be specifically identified in such writing or public statement) cannot be satisfied), (iii) any Lender that has defaulted
on its funding obligations under other loan agreements or credit agreements generally or that has notified, or whose Parent Company
has notified, the Agent or the Company in writing, or has stated publicly, that it does not intend to comply with its funding obligations
under loan agreements or credit agreements generally (unless such writing or public statement relates to such Lenders’ obligation
to fund a Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent
to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or
public statement) cannot be satisfied), (iv) any Lender that has, for three or more Business Days after written request of the
Agent or the Company, failed to confirm in writing to the Agent and the Company that it will comply with its prospective funding
obligations hereunder (provided that such Lender will cease to be a Defaulting Lender pursuant to this clause (iv) upon the Agent’s
and the Company’s receipt of such written confirmation), or (v) any Lender with respect to which a Lender Insolvency Event
has occurred and is continuing with respect to such Lender or its Parent Company. Any determination by the Agent that a Lender
is a Defaulting Lender under any of clauses (i) through (v) above will be conclusive and binding absent manifest error, and such
Lender will be deemed to be a Defaulting Lender (subject to Section 2.20(d)) upon notification of such determination by the Agent
to the Company and the Lenders.

 

“Designated
Subsidiary” means any corporate Subsidiary of the Company designated for borrowing privileges under this Agreement pursuant
to Section 9.07.

 

“Designation
Letter” means, with respect to any Designated Subsidiary, a letter in the form of Exhibit D hereto signed by such Designated
Subsidiary and the Company.

 

“Dollar Swing Line Advance”
means a Swing Line Advance denominated in Dollars that bears interest as provided in Section 2.08(a)(ii)(B).

 

“Dollars”
and the “$” sign each mean lawful money of the United States of America.

 

“Domestic
Lending Office” means, with respect to any Initial Lender, the office of such Lender specified as its “Domestic
Lending Office” in its Administrative Questionnaire delivered to the Agent, or such other office of such Lender as such Lender
may from time to time specify to the Company and the Agent.

 

“Domestic
Subsidiary” means any Subsidiary whose operations are conducted primarily in the United States excluding any Subsidiary
whose assets consist primarily of the stock of Subsidiaries whose operations are conducted outside the United States of America.

 

“Effective
Date” means December 10, 2013.

    	12

    	

    

“Eligible
Assignee” means (any Person that meets the requirements to be an assignee under Section 9.06(b)(iii), (v) and (vi) (subject
to such consents, if any, as may be required under Section 9.06(b)(iii)).

 

“Environmental
Action” means any action, suit, demand, demand letter, claim, notice of non-compliance or violation, notice of liability
or potential liability, investigation, proceeding, consent order or consent agreement relating in any way to any Environmental
Law, Environmental Permit or Hazardous Materials or arising from alleged injury or threat of injury to health, safety or the environment,
including, without limitation, (a) by any governmental or regulatory authority for enforcement, cleanup, removal, response, remedial
or other actions or damages and (b) by any governmental or regulatory authority or any third party for damages, contribution, indemnification,
cost recovery, compensation or injunctive relief.

 

“Environmental
Law” means any federal, state, local or foreign statute, law, ordinance, rule, regulation, code, order, judgment, decree
or judicial or agency interpretation, policy or guidance relating to pollution or protection of the environment, health, safety
or natural resources, including, without limitation, those relating to the use, handling, transportation, treatment, storage, disposal,
release or discharge of Hazardous Materials.

 

“Environmental
Permit” means any permit, approval, identification number, license or other authorization required under any Environmental
Law.

 

“Equivalent”
in Dollars of any Foreign Currency on any date means the equivalent in Dollars of such Foreign Currency determined by using the
quoted spot rate at which the Sub-Agent’s principal office in London offers to exchange Dollars for such Foreign Currency
in London prior to 4:00 P.M. (London time) (unless otherwise indicated by the terms of this Agreement) on such date as is required
pursuant to the terms of this Agreement, and the “Equivalent” in any Foreign Currency of Dollars means the equivalent
in such Foreign Currency of Dollars determined by using the quoted spot rate at which the Sub-Agent’s principal office in
London offers to exchange such Foreign Currency for Dollars in London prior to 4:00 P.M. (London time) (unless otherwise indicated
by the terms of this Agreement) on such date as is required pursuant to the terms of this Agreement.

 

“ERISA”
means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations promulgated and rulings
issued thereunder.

 

“ERISA
Affiliate” of any Person means any other Person that for purposes of Title IV of ERISA is a member of such Person’s
controlled group, or under common control with such Person, within the meaning of Section 414 of the Internal Revenue Code.

 

“ERISA
Event” with respect to any Person means (a) (i) the occurrence of a reportable event, within the meaning of Section 4043
of ERISA, with respect to any Plan of such Person or any of its ERISA Affiliates unless the 30-day notice requirement with respect
to such event has been waived by the PBGC, or (ii) an event described in

    	13

    	

    

paragraph (9), (10), (11), (12)
or (13) of Section 4043(c) of ERISA is reasonably expected to occur with respect to a Plan of such Person or any of its ERISA Affiliates
within the following 30 days, and the contributing sponsor, as defined in Section 4001(a)(13) of ERISA, of such Plan is required
under Section 4043(b)(3) of ERISA (taking into account Section 4043(b)(2) of ERISA) to notify the PBGC that the event is about
to occur; (b) the application for a minimum funding waiver with respect to a Plan of such Person or any of its ERISA Affiliates;
(c) the provision by the administrator of any Plan of such Person or any of its ERISA Affiliates of a notice of intent to terminate
such Plan in a distress termination pursuant to Section 4041(a)(2) of ERISA (including any such notice with respect to a plan amendment
referred to in Section 4041(e) of ERISA); (d) the cessation of operations at a facility of such Person or any of its ERISA Affiliates
in the circumstances described in Section 4062(e) of ERISA; (e) the withdrawal by such Person or any of its ERISA Affiliates from
a Multiple Employer Plan during a plan year for which it was a substantial employer, as defined in Section 4001(a)(2) of ERISA;
(f) the conditions for the imposition of a lien under Section 303(k) of ERISA shall have been met with respect to any Plan of such
Person or any of its ERISA Affiliates; (g) the determination that any Plan is in “at risk” status (within the meaning
of Section 303 of ERISA; or (h) the institution by the PBGC of proceedings to terminate a Plan of such Person or any of its ERISA
Affiliates pursuant to Section 4042 of ERISA, or the occurrence of any event or condition described in Section 4042 of ERISA that
constitutes grounds for the termination of, or the appointment of a trustee to administer, such Plan.

 

“Escrow”
means an escrow established with an independent escrow agent pursuant to an escrow agreement reasonably satisfactory in form and
substance to the Person or Persons asserting the obligation of one or more Borrowers to make a payment to it or them hereunder.

 

“Euro”
means the lawful currency of the European Union as constituted by the Treaty of Rome which established the European Community,
as such treaty may be amended from time to time and as referred to in the EMU legislation.

 

“Eurocurrency
Lending Office” means, with respect to any Initial Lender, the office of such Lender specified as its “Eurocurrency
Lending Office” in its Administrative Questionnaire delivered to the Agent, or such other office of such Lender as such Lender
may from time to time specify to the Company and the Agent.

 

“Eurocurrency
Liabilities” has the meaning assigned to that term in Regulation D of the Board of Governors of the Federal Reserve System,
as in effect from time to time.

 

“Eurocurrency
Rate” means, for any Interest Period for each Eurocurrency Rate Advance comprising part of the same Revolving Credit
Borrowing, an interest rate per annum equal to the rate per annum obtained by dividing (a) the rate per annum (rounded upwards,
if necessary, to the nearest 1/100 of 1%) appearing on the Reuters Page as the London interbank offered rate for deposits in Dollars
or in the relevant Major Currency at approximately 11:00 A.M. (London time) two Business Days prior to the first day of such Interest
Period for a term comparable to such Interest Period by (b) a percentage equal to 100% minus the Eurocurrency Rate Reserve Percentage
for such Interest Period.

    	14

    	

    

“Eurocurrency
Rate Advance” means a Revolving Credit Advance denominated in Dollars or in a Major Currency that bears interest as provided
in Section 2.08(a)(i)(B).

 

“Eurocurrency
Rate Reserve Percentage” for any Interest Period for all Eurocurrency Rate Advances or LIBO Rate Advances comprising
part of the same Borrowing means the reserve percentage applicable two Business Days before the first day of such Interest Period
under regulations issued from time to time by the Board of Governors of the Federal Reserve System (or any successor) for determining
the maximum reserve requirement (including, without limitation, any emergency, supplemental or other marginal reserve requirement)
for a member bank of the Federal Reserve System in New York City with respect to liabilities or assets consisting of or including
Eurocurrency Liabilities (or with respect to any other category of liabilities that includes deposits by reference to which the
interest rate on Eurocurrency Rate Advances or LIBO Rate Advances is determined) having a term equal to such Interest Period.

 

“Euro Swing Line Advance”
means a Swing Line Advance denominated in Euro that bears interest as provided in Section 2.08(a)(ii)(A).

 

“Events
of Default” has the meaning specified in Section 6.01.

 

“Extension
Date” has the meaning specified in Section 2.19(b).

 

“Facility”
means the Revolving Credit Facility, the Letter of Credit Facility or the Swing Line Facility.

 

“FATCA”
means Sections 1471 through 1474 of the Internal Revenue Code, as of the date of this Agreement, or any amended or successor version
to the extent substantively comparable thereto, any current or future regulations or official interpretations thereof, any similar
provision of law applicable under any intergovernmental agreement pursuant to the foregoing, or any agreements entered into pursuant
to Section 1471(b)(1) of the Internal Revenue Code.

 

“FCPA”
means the United States Foreign Corrupt Practices Act of 1977.

 

“Federal
Funds Rate” means, for any period, a fluctuating interest rate per annum equal for each day during such period to the
weighted average of the rates on overnight Federal funds transactions with members of the Federal Reserve System arranged by Federal
funds brokers, as published for such day (or, if such day is not a Business Day, for the next preceding Business Day) by the Federal
Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average of the quotations
for such day on such transactions received by the Agent from three Federal funds brokers of recognized standing selected by it.

 

“Fixed
Rate Advance” has the meaning specified in Section 2.03(a)(i), which Advance shall be denominated in Dollars or in any
Foreign Currency.

 

“Foreign
Currency” means any Major Currency or any Alternate Currency.

    	15

    	

    

“GAAP”
has the meaning specified in Section 1.03.

 

“Hazardous
Materials” means (a) petroleum and petroleum products, byproducts or breakdown products, radioactive materials, asbestos-containing
materials, polychlorinated biphenyls and radon gas and (b) any other chemicals, materials or substances designated, classified
or regulated as hazardous or toxic or as a pollutant or contaminant under any Environmental Law.

 

“Increase
Date” has the meaning specified in Section 2.18(a).

 

“Increasing
Lender” has the meaning specified in Section 2.18(b).

 

“Insufficiency”
means, with respect to any Plan, the amount, if any, of its unfunded benefit liabilities, as defined in Section 4001(a)(18) of
ERISA.

 

“Interest
Period” means (a) for each Swing Line Advance comprising part of the same Swing Line Borrowing,
one period commencing on the date of such Swing Line Advance and ending on a Business Day with a duration not to exceed five Business
Days and (b) for each Eurocurrency Rate Advance comprising part of the same Revolving Credit Borrowing and each LIBO Rate
Advance comprising part of the same Competitive Bid Borrowing, the period commencing on the date of such Eurocurrency Rate Advance
or LIBO Rate Advance or the date of the Conversion of any Base Rate Advance into such Eurocurrency Rate Advance and ending on the
last day of the period selected by the Borrower requesting such Borrowing pursuant to the provisions below and, thereafter, with
respect to Eurocurrency Rate Advances, each subsequent period commencing on the last day of the immediately preceding Interest
Period and ending on the last day of the period selected by such Borrower pursuant to the provisions below. The duration of each
such Interest Period for a Eurocurrency Rate Advance or a LIBO Rate Advance shall be one, two, three or six months and, if available
to all Lenders, twelve months, as the Borrower requesting the Borrowing may, upon notice received by the Agent not later than 11:00
A.M. (New York City time) on the third Business Day prior to the first day of such Interest Period, select; provided, however,
that:

 

(i) such
Borrower may not select any Interest Period that ends after the scheduled Termination Date;

 

(ii) Interest
Periods commencing on the same date for Eurocurrency Rate Advances comprising part of the same Revolving Credit Borrowing or for
LIBO Rate Advances comprising part of the same Competitive Bid Borrowing shall be of the same duration;

 

(iii) whenever
the last day of any Interest Period would otherwise occur on a day other than a Business Day, the last day of such Interest Period
shall be extended to occur on the next succeeding Business Day, provided, however, that, in the case of an Interest
Period for Eurocurrency Rate Advances or LIBO Rate Advances, if such extension would cause the last day of such Interest Period
to occur in the next following calendar month, the last day of such Interest Period shall occur on the next preceding Business
Day; and

    	16

    	

    

(iv) in
the case of an Interest Period for Eurocurrency Rate Advances or LIBO Rate Advances, whenever the first day of any Interest Period
occurs on a day of an initial calendar month for which there is no numerically corresponding day in the calendar month that succeeds
such initial calendar month by the number of months equal to the number of months in such Interest Period, such Interest Period
shall end on the last Business Day of such succeeding calendar month.

 

“Internal
Revenue Code” means the Internal Revenue Code of 1986, as amended from time to time, and the regulations promulgated
and rulings issued thereunder.

 

“Issuing
Bank” means an Initial Issuing Bank or any Eligible Assignee to which a portion of the Letter of Credit Commitment hereunder
has been assigned pursuant to Section 9.06 so long as such Eligible Assignee expressly agrees to perform in accordance with their
terms all of the obligations that by the terms of this Agreement are required to be performed by it as an Issuing Bank and notifies
the Agent of its Applicable Lending Office (which information shall be recorded by the Agent in the Register), for so long as the
Initial Issuing Bank or Eligible Assignee, as the case may be, shall have a Letter of Credit Commitment.

 

“L/C
Related Documents” has the meaning specified in Section 2.07(c)(i).

 

“Lender
Insolvency Event” means that (i) a Lender or its Parent Company is insolvent, or is generally unable to pay its debts
as they become due, or admits in writing its inability to pay its debts as they become due, or makes a general assignment for the
benefit of its creditors, or (ii) such Lender or its Parent Company is the subject of a bankruptcy, insolvency, reorganization,
liquidation or similar proceeding, or a receiver, trustee, conservator, intervenor or sequestrator or the like has been appointed
for such Lender or its Parent Company, or such Lender or its Parent Company has taken any action in furtherance of or indicating
its consent to or acquiescence in any such proceeding or appointment; provided that a Lender
Insolvency Event shall not result solely by virtue of the ownership or acquisition of any equity interest in such Person by a governmental
authority so long as such ownership interest does not result in or provide such Person with immunity from the jurisdiction
of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender
(or such governmental authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Person.

 

“Lenders”
means, collectively, (i) Initial Lenders, (ii) the Issuing Banks, (iii) the Swing Line Banks (unless the context otherwise requires),
(v) each Assuming Lender that shall become a party hereto pursuant to Section 2.18 or 2.19 and (v) each Eligible Assignee that
shall become a party hereto pursuant to Section 9.06.

 

“Letter
of Credit” has the meaning specified in Section 2.01(b).

 

“Letter
of Credit Application” has the meaning specified in Section 2.04(a).

 

“Letter
of Credit Commitment” means, with respect to each Issuing Bank, the obligation of such Issuing Bank to issue Letters
of Credit to any Borrower in (a) the amount set forth opposite the Issuing Bank’s name on Schedule I hereto under the caption
“Letter

    	17

    	

    

of Credit Commitment” or
(b) if such Issuing Bank has entered into one or more Assignment and Assumptions, the amount set forth for such Issuing Bank in
the Register maintained by the Agent pursuant to Section 9.06(c) as such Issuing Bank’s “Letter of Credit Commitment”,
in each case as such amount may be reduced prior to such time pursuant to Section 2.06.

 

“Letter
of Credit Facility” means, at any time, an amount equal to the least of (a) the aggregate amount of the Issuing Banks’
Letter of Credit Commitments at such time, (b) $700,000,000 and (c) the aggregate amount of the Revolving Credit Commitments, as
such amount may be reduced at or prior to such time pursuant to Section 2.06.

 

“LIBO
Rate” means, for any Interest Period for all LIBO Rate Advances comprising part of the same Competitive Bid Borrowing,
an interest rate per annum equal to the rate per annum obtained by dividing (a) the rate per annum (rounded upwards, if necessary,
to the nearest 1/100 of 1%) appearing on the Reuters Page as the London interbank offered rate for deposits in Dollars or in the
relevant Foreign Currency at approximately 11:00 A.M. (London time) two Business Days prior to the first day of such Interest Period
by (b) a percentage equal to 100% minus the Eurocurrency Rate Reserve Percentage for such Interest Period.

 

“LIBO
Rate Advance” means a Competitive Bid Advance denominated in Dollars or in any Foreign Currency and bearing interest
based on the LIBO Rate.

 

“Lien”
means any lien, mortgage, pledge, security interest or other charge or encumbrance of any kind.

 

“Local
Rate Advance” means a Competitive Bid Advance denominated in any Foreign Currency sourced from the jurisdiction of issuance
of such Foreign Currency and bearing interest at a fixed rate.

 

“Major
Currencies” means lawful currency of the United Kingdom of Great Britain and Northern Ireland, lawful currency of Japan
and Euros.

 

“Majority
Lenders” means at any time Lenders holding at least 51% of the then aggregate principal amount (based on the Equivalent
in Dollars at such time) of the Revolving Credit Advances owing to Lenders, or, if no such principal amount is then outstanding,
Lenders having at least 51% of the Revolving Credit Commitments; provided that if any Lender shall be a Defaulting Lender
at such time, there shall be excluded from the determination of Majority Lenders at such time the Revolving Credit Commitments
of such Lender at such time.

 

“Market
Rate Spread” means a rate per annum equal to the credit default swap mid-rate spread of the Company interpolated from
the applicable Spread Determination Date to the latest Termination Date (or, if the period from such Spread Determination Date
to the latest Termination Date is less than one year, then the one-year credit default swap mid-rate spread of the Company),
in each case established on the most recent Spread Determination Date and based on the credit default swap mid-rate spreads
specified by Markit, as of the close of business on the Business Day immediately prior to such Spread

    	18

    	

    

Determination
Date, subject to a minimum rate and a maximum rate as determined by reference to the Public Debt Rating in effect on such date
as set forth below:

 

	Public Debt Rating

S&P/Moody’s	 	Minimum Rate	 	Maximum Rate
	Level 1

A+ or A1 or above	 	0.200%	 	0.875%
	 	 	 	 	 
	Level 2

Lower than Level 1 but at least A or A2	 	0.250%	 	1.000%
	 	 	 	 	 
	Level 3

Lower than Level 2 but at least A- or A3	 	0.500%	 	1.250%
	 	 	 	 	 
	Level 4

Lower than Level 3 but at least BBB+ or Baa1	 	0.625%	 	1.375%
	 	 	 	 	 
	Level 5

Lower than Level 4	 	0.750%	 	1.500%

 

If the Company’s
interpolated credit default swap spread, as specified by Markit is unavailable, the Company and the Lenders shall negotiate in
good faith (for a period of up to thirty days after such spread becomes unavailable (such thirty-day period, the “Negotiation
Period”)) to agree on an alternative method for establishing the Market Rate Spread. The Applicable Margin at any determination
date thereof which falls during the Negotiation Period shall be based upon the then most recently available quote of the Market
Rate Spread. If no such alternative method is agreed upon during the Negotiation Period, the Market Rate Spread at any determination
date subsequent to the end of the Negotiation Period shall be a rate per annum equal to the maximum rate applicable from time to
time as determined in the immediately preceding paragraph. If the Company’s interpolated credit default swap spread again
becomes available through Markit, then Market Rate Spread shall be determined on the basis of such credit default swap spread as
set forth above.

 

“Markit”
means Markit Group Ltd. (or any successor) .

 

“Material
Adverse Change” means any material adverse change in the financial condition or results of operations of the Company
and its Consolidated Subsidiaries taken as a whole.

 

“Material
Adverse Effect” means a material adverse effect on (a) the financial condition or results of operations of the Company
and its Consolidated Subsidiaries taken as a whole, (b) the rights and remedies of the Agent or any Lender under this Agreement
or any Note or (c) the ability of the Borrowers to perform their obligations under this Agreement or any Note.

 

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

    	19

    	

    

“Multiemployer
Plan” of any Person means a multiemployer plan, as defined in Section 4001(a)(3) of ERISA, to which such Person or any
of its ERISA Affiliates is making or accruing an obligation to make contributions, or has within any of the preceding five plan
years made or accrued an obligation to make contributions.

 

“Multiple
Employer Plan” of any Person means a single employer plan, as defined in Section 4001(a)(15) of ERISA, that (a) is maintained
for employees of such Person or any of its ERISA Affiliates and at least one Person other than such Person or any of its ERISA
Affiliates or (b) was so maintained and in respect of which such Person or any of its ERISA Affiliates could have liability under
Section 4064 or 4069 of ERISA in the event such plan has been or were to be terminated.

 

“Net
Tangible Assets of the Company and its Consolidated Subsidiaries”, as at any particular date of determination, means
the total amount of assets (less applicable reserves and other properly deductible items) after deducting therefrom (a) all current
liabilities (excluding any thereof which are by their terms extendible or renewable at the option of the obligor thereon to a time
more than 12 months after the time as of which the amount thereof is being computed) and (b) all goodwill, trade names, trademarks,
patents, unamortized debt discount and expense and other like intangible assets, as set forth in the most recent balance sheet
of the Company and its Consolidated Subsidiaries and computed in accordance with GAAP.

 

“Non-Consenting
Lender” has the meaning specified in Section 2.19(b).

 

“Non-Defaulting
Lender” means, at any time, a Lender that is not a Defaulting Lender.

 

“Note”
means a Revolving Credit Note or a Competitive Bid Note.

 

“Notice
of Competitive Bid Borrowing” has the meaning specified in Section 2.03(a).

 

“Notice
of Issuance” has the meaning specified in Section 2.04(a).

 

“Notice
of Revolving Credit Borrowing” has the meaning specified in Section 2.02(a).

 

“Notice
of Swing Line Borrowing” has the meaning specified in Section 2.02(b).

 

“Obligations”
has the meaning specified in Section 7.01(b).

 

“Parent
Company” means, with respect to a Lender, the bank holding company (as defined in Federal Reserve Board Regulation Y),
if any, of such Lender, and/or any Person owning, beneficially or of record, directly or indirectly, a majority of the shares of
such Lender.

    	20

    	

    

“Payment
Office” means, for any Foreign Currency, such office of Citibank as shall be from time to time selected by the Agent
and notified by the Agent to the Borrowers and the Lenders.

 

“PBGC”
means the Pension Benefit Guaranty Corporation (or any successor).

 

“Person”
means an individual, partnership, corporation (including a business trust), joint stock company, trust, unincorporated association,
joint venture, limited liability company or other entity, or a government or any political subdivision or agency thereof.

 

“Plan”
means a Single Employer Plan or a Multiple Employer Plan.

 

“Public
Debt Rating” means, as of any date, the highest rating that has been most recently announced by either S&P or Moody’s,
as the case may be, for any class of non-credit enhanced long-term senior unsecured debt issued by the Company. For purposes of
the foregoing, (a) if only one of S&P and Moody’s shall have in effect a Public Debt Rating, the Applicable Percentage
and the Market Rate Spread shall be determined by reference to the available rating; (b) if neither S&P nor Moody’s shall
have in effect a Public Debt Rating, the Applicable Percentage and the Market Rate Spread will be set in accordance with Level
5 under the definition of “Applicable Percentage” or “Market Rate Spread”, as the case may
be; (c) if the ratings established by S&P and Moody’s shall fall within different levels, the Applicable Percentage and
the Market Rate Spread shall be based upon the higher rating, provided that if the lower of such ratings is more than one
level below the higher of such ratings, the Applicable Percentage and the Market Rate Spread shall be determined by reference to
the level that is one level above such lower rating; (d) if any rating established by S&P or Moody’s shall be changed,
such change shall be effective as of the date on which such change is first announced publicly by the rating agency making such
change; and (e) if S&P or Moody’s shall change the basis on which ratings are established, each reference to the Public
Debt Rating announced by S&P or Moody’s, as the case may be, shall refer to the then equivalent rating by S&P or
Moody’s, as the case may be.

 

“Ratable
Share” of any amount means, with respect to any Lender at any time, the product of (a) a fraction the numerator of which
is the amount of such Lender’s Revolving Credit Commitment at such time and the denominator of which is the aggregate Revolving
Credit Commitments at such time and (b) such amount.

 

“Rating
Condition” has the meaning specified in Section 2.06(c)(ii).

 

“Rating
Condition Notice” has the meaning specified in Section 2.06(c)(ii).

 

“Register”
has the meaning specified in Section 9.06(c).

 

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

 

“Restatement
Date” has the meaning specified in Section 3.01.

    	21

    	

    

“Restricted
Property” means (a) any property of the Company located within the United States of America that, in the opinion of the
Company’s Board of Directors, is a principal manufacturing property or (b) any shares of capital stock or Debt of any Subsidiary
owning any such property.

 

“Reuters
Page” means the Reuters Screen LIBOR01 Page.

 

“Revolving
Credit Advance” means an advance by a Lender to any Borrower as part of a Revolving Credit Borrowing and refers to a
Base Rate Advance or a Eurocurrency Rate Advance (each of which shall be a “Type” of Revolving Credit Advance).

 

“Revolving
Credit Borrowing” means a borrowing consisting of simultaneous Revolving Credit Advances of the same Type made by each
of the Lenders pursuant to Section 2.01.

 

“Revolving
Credit Commitment” means as to any Lender (i) the Dollar amount set forth opposite its name on Schedule I hereto under
the caption “Revolving Credit Commitment”, (ii) if such Lender has become a Lender hereunder pursuant to an Assumption
Agreement, the Dollar amount set forth in such Assumption Agreement or (iii) if such Lender has entered into any Assignment and
Assumption, the Dollar amount set forth for such Lender in the Register maintained by the Agent pursuant to Section 9.06(c) as
such Lender’s Revolving Credit Commitment, in each case as the same may be terminated or reduced, as the case may be, pursuant
to Section 2.06 or increased pursuant to Section 2.18 (and, in the case of a Swing Line Bank, its Revolving Credit Commitment or
that of its affiliate shall include such Swing Line Bank’s Swing Line Commitment).

 

“Revolving
Credit Facility” means, at any time, the aggregate amount of the Revolving Credit Commitments, as such amount may be
reduced at or prior to such time pursuant to Section 2.06.

 

“Revolving
Credit Note” means a promissory note of any Borrower payable to the order of any Lender, delivered pursuant to a request
made under Section 2.17 in substantially the form of Exhibit A-1 hereto, evidencing the aggregate indebtedness of such Borrower
to such Lender resulting from the Revolving Credit Advances made by such Lender to such Borrower.

 

“Sale
and Leaseback Transaction” means any arrangement with any Person (other than the Company or a Subsidiary of the Company),
or to which any such Person is a party, providing for the leasing to the Company or to a Subsidiary of the Company owning Restricted
Property for a period of more than three years of any Restricted Property that has been or is to be sold or transferred by the
Company or such Subsidiary to such Person, or to any other Person (other than the Company or a Subsidiary of the Company) to which
funds have been or are to be advanced by such Person on the security of the leased property. It is understood that arrangements
pursuant to Section 168(f)(8) of the Internal Revenue Code of 1954, as amended, or any successor provision having similar effect,
are not included within this definition of “Sale and Leaseback Transaction”.

    	22

    	

    

“Sanctions”
means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by (a) the U.S. government,
including those administered by the Office of Foreign Assets Control of the U.S. Department of
the Treasury or the U.S. Department of State, or (b) the United Nations Security Council, the European Union or Her Majesty’s
Treasury of the United Kingdom.

 

“Sanctioned
Country” means, at any time, a country or territory which is the target of any comprehensive (but not list based) Sanctions
(as of the date of this Agreement, Cuba, Iran, Sudan and Syria).

 

“Sanctioned
Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained
by the Office of Foreign Assets Control of the U.S. Department of the Treasury or by the United Nations
Security Council, the European Union or any EU member state, (b) any Person operating, organized or resident in a Sanctioned
Country to the extent such Person is subject to Sanctions or (c) any Person controlled or more than 50 percent owned by any such
Person.

 

“SEC”
has the meaning specified in Section 5.01(h)(iii).

 

“Single
Employer Plan” of any Person means a single employer plan, as defined in Section 4001(a)(15) of ERISA, that (a) is maintained
for employees of such Person or any of its ERISA Affiliates and no Person other than such Person and its ERISA Affiliates or (b)
was so maintained and in respect of which such Person or any of its ERISA Affiliates could have liability under Section 4069 of
ERISA in the event such plan has been or were to be terminated.

 

“S&P”
means Standard & Poor’s, a Standard & Poor’s Financial Services LLC business.

 

“Spread
Determination Date” means, at any time, (a) for any Eurocurrency Advance, (i) the date that is two Business Days before
the commencement of the Interest Period applicable to such Advance and (ii) in the case of an Interest Period of more than three
months’ duration, the date that is the last Business Day of each successive three-month period during such Interest Period,
and (b) for any Base Rate Advance or any Letter of Credit, (i) the Effective Date and (ii) the last day (or if such day is not
a Business Day, the immediately preceding Business Day) of each March, June, September and December after the Effective Date.

 

“Sub-Agent”
means Citibank International plc.

 

“Subsidiary”
of any Person means any corporation, partnership, joint venture, limited liability company, trust or estate of which (or in which)
more than 50% of (a) the issued and outstanding capital stock having ordinary voting power to elect a majority of the Board of
Directors of such corporation (irrespective of whether at the time capital stock of any other class or classes of such corporation
shall or might have voting power upon the occurrence of any contingency), (b) the interest in the capital or profits of such limited
liability company, partnership or joint venture or (c) the beneficial interest in such trust or estate is at the time directly
or indirectly owned or controlled by such Person, by such

    	23

    	

    

Person and
one or more of its other Subsidiaries or by one or more of such Person’s other Subsidiaries.

 

“Swing
Line Advance” means an advance by a Swing Line Bank to any Borrower as part of a Swing Line Borrowing and refers to a
Euro Swing Line Advance or a Dollar Swing Line Advance (each of which shall be a “Type” of Swing Line Advance).

 

“Swing
Line Bank” means each Initial Swing Line Bank and any other Lender acceptable to the
Company and the Swing Line Agent that agrees to perform the duties of a Swing Line Bank hereunder.

 

“Swing
Line Borrowing” means a borrowing consisting of simultaneous Swing Line Advances made by each of the Swing Line Banks
pursuant to Section 2.01(c).

 

“Swing
Line Commitment” means as to any Lender (i) the Euro amount set forth opposite such Lender’s name on Schedule I
hereof or (ii) if such Lender has entered into an Assignment and Assumption, the Euro amount set forth for such Lender in the Register
maintained by the Swing Line Agent pursuant to Section 9.06(c), in each case as such amount may be reduced pursuant to Section
2.06.

 

“Swing
Line Facility” means, at any time, the aggregate amount of the Swing Line Banks’ Swing Line Commitments at such
time.

 

“Termination
Date” means the earlier of (a) December 10, 2018, subject to the extension thereof pursuant to Section 2.19 and (b) the
date of termination in whole of the Commitments pursuant to Section 2.06 or Section 6.01 or, if all Lenders elect to terminate
their Commitments as provided therein, Section 2.06(d); provided, however, that the Termination Date of any Lender
that is a Non-Consenting Lender to any requested extension pursuant to Section 2.19 shall be the Termination Date in effect immediately
prior to the applicable Extension Date for all purposes of this Agreement. If any Termination Date is not a Business Day, the Termination
Date shall be the next preceding Business Day.

 

“Threatened”
means, with respect to any action, suit, investigation, litigation or proceeding, a written communication to the Company or a Designated
Subsidiary, as the case may be, expressing an intention to immediately bring such action, suit, investigation, litigation or proceeding.

 

“Unissued
Letter of Credit Commitment” means, with respect to any Issuing Bank, the obligation of such Issuing Bank to issue Letters
of Credit to any Borrower in an amount (converting all non-Dollar amounts into the then Dollar Equivalent thereof) equal to the
excess of (a) the amount of its Letter of Credit Commitment over (b) the aggregate Available Amount of all Letters of Credit issued
by such Issuing Bank.

 

“Unused
Commitment” means, with respect to each Lender at any time, (a) the amount of such Lender’s Revolving Credit Commitment
at such time minus (b) the sum of (i) the aggregate principal amount of all Revolving Credit Advances (based in respect
of any Advances denominated in a Major Currency on the Equivalent in Dollars at such time)

    	24

    	

    

made
by such Lender (in its capacity as a Lender) and outstanding at such time, plus (ii) such Lender’s Ratable Share
of (A) the aggregate principal amount of the Competitive Bid Advances (based in respect of any Advances denominated in a Foreign
Currency on the Equivalent in Dollars at such time), (B) the aggregate Available Amount of all the Letters of Credit outstanding
at such time (based in respect of any Letters of Credit denominated in a Major Currency on the Equivalent in Dollars at such time)
and (C) the aggregate principal amount of all Swing Line Advances outstanding at such time (based in respect of any Swing Line
Advances denominated in Euros on the Equivalent in Dollars at such time); provided, further, that each Revolving
Credit Lender’s Revolving Credit Commitment shall be deemed used from time to time to the extent of the Swing Line Advances
made by it or its affiliate that is a Swing Line Bank.

 

“Unused
Commitment (Fee Calculation)” means, with respect to each Lender at any time, (a) the amount of such Lender’s Revolving
Credit Commitment at such time minus (b) the sum of (i) the aggregate principal amount of all Revolving Credit Advances
(based in respect of any Advances denominated in a Major Currency on the Equivalent in Dollars at such time) made by such Lender
(in its capacity as a Lender) and outstanding at such time, plus (ii) such Lender’s Ratable Share of the aggregate
Available Amount of all the Letters of Credit outstanding at such time (based in respect of any Letters of Credit denominated in
a Major Currency on the Equivalent in Dollars at such time).

 

“Voting
Stock” means capital stock issued by a corporation, or equivalent interests in any other Person, the holders of which
are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar
functions) of such Person, even if the right so to vote has been suspended by the happening of such a contingency.

 

“Withdrawal
Liability” has the meaning specified in Part I of Subtitle E of Title IV of ERISA.

 

SECTION 1.02. Computation
of Time Periods. In this Agreement in the computation of periods of time from a specified date to a later specified date, the
word “from” means “from and including” and the words “to” and “until” each mean
“to but excluding”.

 

SECTION 1.03. Accounting
Terms. All accounting terms not specifically defined herein shall be construed, and all financial computations and determinations
pursuant hereto shall be made, in accordance with generally accepted accounting principles consistent with those applied in the
preparation of the financial statements referred to in Section 4.01(e) (“GAAP”); provided, however,
that, if any changes in accounting principles from those used in the preparation of such financial statements have been required
by the rules, regulations, pronouncements or opinions of the Financial Accounting Standards Board or the American Institute of
Certified Public Accountants (or successors thereto or agencies with similar functions) and have been adopted by the Company with
the agreement of its independent certified public accountants, the Lenders agree to consider a request by the Company to amend
this Agreement to take account of such changes.

 

ARTICLE II

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AMOUNTS AND TERMS OF THE ADVANCES AND LETTERS
OF CREDIT

 

SECTION 2.01. The
Revolving Credit Advances, Letters of Credit and Swing Line Advances. (a) Revolving Credit Advances. Each Lender severally
agrees, on the terms and conditions hereinafter set forth, to make Revolving Credit Advances to any Borrower from time to time
on any Business Day during the period from the Effective Date until the Termination Date in an aggregate amount (based in respect
of any Revolving Credit Advance denominated in a Major Currency on the Equivalent in Dollars determined on the date of delivery
of the applicable Notice of Revolving Credit Borrowing), not to exceed such Lender’s Unused Commitment. Each Revolving Credit
Borrowing shall be in an aggregate amount not less than $10,000,000 (or the Equivalent thereof in any Major Currency determined
on the date of delivery of the applicable Notice of Revolving Credit Borrowing) or an integral multiple of $1,000,000 (or the Equivalent
thereof in any Major Currency determined on the date of delivery of the applicable Notice of Revolving Credit Borrowing) in excess
thereof and shall consist of Revolving Credit Advances of the same Type made on the same day by the Lenders ratably according to
their respective Revolving Credit Commitments; provided, however, that if there is no unused portion of the Commitment
of one or more Lenders at the time of any requested Revolving Credit Borrowing such Borrowing shall consist of Revolving Credit
Advances of the same Type made on the same day by the Lender or Lenders who do then have an Unused Commitment ratably according
to the aggregate Unused Commitments. Notwithstanding anything herein to the contrary, no Revolving Credit Borrowing may be made
in a Major Currency if, after giving effect to the making of such Revolving Credit Borrowing, the Equivalent in Dollars of the
aggregate amount of outstanding Revolving Credit Advances denominated in Major Currencies, together with the Equivalent in Dollars
of the aggregate amount of outstanding Competitive Bid Advances denominated in Foreign Currencies, would exceed $500,000,000. Within
the limits of each Lender’s Revolving Credit Commitment, any Borrower may borrow under this Section 2.01(a), prepay pursuant
to Section 2.10 and reborrow under this Section 2.01(a).

 

(b)Letters
of Credit. Each Issuing Bank agrees, on the terms and conditions hereinafter set forth, to issue performance and
financial letters of credit (each, a “Letter of Credit”) in Dollars or any Major Currency for the account
of any Borrower from time to time on any Business Day during the period from the Effective Date until 30 days before the
Termination Date (i) in an aggregate Available Amount for all Letters of Credit issued by all Issuing Banks not to exceed at
any time the Letter of Credit Facility at such time, (ii) in an amount for each Issuing Bank not to exceed the amount of such
Issuing Banks’ Letter of Credit Commitment at such time and (iii) in an amount for each such Letter of Credit not to
exceed an amount equal to the Unused Commitments of the Lenders at such time, in each case, converting all non-Dollar amounts
into the Dollar Equivalent thereof; provided that any Borrower may request that Letters of Credit be issued for the
account of any of its Subsidiaries (without designating such Subsidiary as a Designated Subsidiary) so long as such Borrower
remains obligated for the reimbursement of any drawings under such Letters of Credit under the terms of this Agreement. No
Letter of Credit shall have an expiration date (including all rights of the applicable Borrower or the beneficiary to require
renewal) of later than the Termination Date, provided that no Letter of Credit may expire after the Termination Date
of any Non-Consenting Lender if, after giving effect to such issuance, the aggregate Revolving Credit Commitments of the
Consenting Lenders (including any replacement Lenders) for the period following such Termination Date would be less than the
Available Amount of the Letters of Credit expiring after such Termination Date. Within the limits referred to above,

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 any Borrower may request the issuance of Letters of Credit under this Section 2.01(b), repay any Revolving Credit Advances
resulting from drawings thereunder pursuant to Section 2.04(c) and request the issuance of additional Letters of Credit under this
Section 2.01(b). Each letter of credit listed on Schedule 2.01(b) shall be deemed to constitute a Letter
of Credit issued hereunder, and each Lender that is an issuer of such a Letter of Credit shall, for purposes of Section 2.04, be
deemed to be an Issuing Bank for each such letter of credit, provided that any renewal or replacement of any such letter
of credit shall be issued by an Issuing Bank pursuant to the terms of this Agreement. The terms “issue”, “issued”,
“issuance” and all similar terms, when applied to a Letter of Credit, shall include any renewal, extension or amendment
thereof.

 

(c)The Swing
Line Advances. Each Swing Line Bank severally agrees, on the terms and conditions hereinafter set forth, to make Swing Line
Advances to any Borrower from time to time on any Business Day during the period from the Effective Date until the Termination
Date in an aggregate amount outstanding not to exceed at any time the lesser of (i) such Swing Line Bank’s Swing Line Commitment
and (ii) the Unused Commitments of the Lenders at such time. Each Swing Line Borrowing shall be in an aggregate amount of no less
than €1,000,000 or $1,000,000, as the case may be. Each Swing Line Borrowing shall consist of Swing Line Advances of the
same Type made on the same day by the Swing Line Banks ratably according to their respective Swing Line Commitments. Within the
limits of the Swing Line Facility and within the limits referred to in clause (ii) above, the Borrowers may borrow under this 2.01(c),
prepay pursuant to Section 2.10 and reborrow under this Section 2.01(c).

 

(d)Relationship
of the Swing Line Facility with the Revolving Credit Facility. The Revolving Credit Facility may be used by way of Swing Line
Advances. The Swing Line Facility is not independent of the Revolving Credit Facility.

 

SECTION 2.02. Making
the Revolving Credit Advances and Swing Line Advances. (a) Each Revolving Credit Borrowing shall be made on notice, given
not later than (x) 10:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Revolving Credit
Borrowing in the case of a Revolving Credit Borrowing consisting of Eurocurrency Rate Advances denominated in any Major Currency,
(y) 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Revolving Credit Borrowing in
the case of a Revolving Credit Borrowing consisting of Eurocurrency Rate Advances denominated in Dollars or (z) 9:00 A.M. (New
York City time) on the day of the proposed Revolving Credit Borrowing in the case of a Revolving Credit Borrowing consisting of
Base Rate Advances, by any Borrower to the Agent (and the Agent shall, in the case of a Revolving Credit Borrowing consisting
of Eurocurrency Rate Advances, immediately relay such notice to the Sub-Agent), which shall give to each Lender prompt notice
thereof by telecopier. Each such notice of a Revolving Credit Borrowing (a “Notice of Revolving Credit Borrowing”)
shall be by telephone, confirmed immediately in writing, or telecopier in substantially the form of Exhibit B-1 hereto, specifying
therein the requested (i) date of such Revolving Credit Borrowing, (ii) Type of Advances comprising such Revolving Credit Borrowing,
(iii) aggregate amount of such Revolving Credit Borrowing, and (iv) in the case of a Revolving Credit Borrowing consisting of
Eurocurrency Rate Advances, initial Interest Period and currency for each such Revolving Credit Advance. Each Lender shall, before
11:00 A.M. (New York City time) on the date of such Revolving Credit Borrowing, in the case of a Revolving Credit Borrowing consisting
of Advances denominated in Dollars, and before 11:00 A.M. (London time) on the date of such Revolving Credit Borrowing, in the
case of a Revolving

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 Credit
Borrowing consisting of Eurocurrency Rate Advances denominated in any Major Currency, make available for the account of its Applicable
Lending Office to the Agent at the applicable Agent’s Account, in same day funds, such Lender’s ratable portion (as
determined in accordance with Section 2.01) of such Revolving Credit Borrowing. After the Agent’s receipt of such funds and
upon fulfillment of the applicable conditions set forth in Article III, the Agent will make such funds available to the Borrower
requesting the Revolving Credit Borrowing at the Agent’s aforesaid address or at the applicable Payment Office, as the case
may be; provided, however, that the Agent shall first make a portion of such funds equal to the aggregate principal
amount of any Swing Line Advances made by the Swing Line Banks in the same currency as the requested Revolving Credit Advance and
outstanding on the date of such Revolving Credit Borrowing, plus interest accrued and unpaid thereon to and as of such date, available
to the Swing Line Banks and such other Lenders for repayment of such Swing Line Advances.

 

(b)Each Swing Line
Borrowing shall be made on notice, given not later than 9:30 A.M. (London time) on the date of the proposed Swing Line Borrowing,
by the applicable Borrower to the Swing Line Agent which shall give to each Swing Line Bank prompt notice thereof by facsimile.
Each such notice of a Swing Line Borrowing (a “Notice of Swing Line Borrowing”) shall be by facsimile, such
notice to be in substantially the form of Exhibit B-3 hereto, specifying therein the requested (i) date of such Swing Line Borrowing,
(ii) Type of Swing Line Advances comprising such Swing Line Borrowing, (iii) aggregate amount of such Swing Line Borrowing, and
(iv) the Interest Period for each such Swing Line Advance. Each Swing Line Bank shall, before 11:00 A.M. (London time) on the date
of such Swing Line Borrowing, make available for the account of its Applicable Lending Office to the Swing Line Agent, in same
day funds, such Swing Line Bank’s ratable portion of such Swing Line Borrowing. After receipt of such funds by the Swing
Line Agent and upon fulfillment of the applicable conditions set forth in Article III, the Swing Line Agent will make such funds
available to the relevant Borrower as specified in the applicable Notice of Swing Line Borrowing.

 

(c)Anything in subsection
(a) above to the contrary notwithstanding, a Borrower may not select Eurocurrency Rate Advances for any proposed Revolving Credit
Borrowing if the obligation of the Lenders to make Eurocurrency Rate Advances shall then be suspended pursuant to Section 2.09
or 2.12.

 

(d)Each
Notice of Revolving Credit Borrowing and Notice of Swing Line Borrowing of any Borrower shall be irrevocable and binding on
such Borrower. In the case of any Revolving Credit Borrowing that the related Notice of Revolving Credit Borrowing specifies
is to be comprised of Eurocurrency Rate Advances, the Borrower requesting such Revolving Credit Borrowing shall indemnify
each Lender against any loss, cost or expense incurred by such Lender as a result of any failure by such Borrower to fulfill
on or before the date specified in such Notice of Revolving Credit Borrowing for such Revolving Credit Borrowing the
applicable conditions set forth in Article III, including, without limitation, any loss (including loss of anticipated
profits), cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such
Lender to fund the Revolving Credit Advance to be made by such Lender as part of such Revolving Credit Borrowing when such
Revolving Credit Advance, as a result of such failure, is not made on such date. The Borrower requesting a Swing Line
Borrowing shall indemnify each Swing Line Bank against any loss, cost or expense incurred by such Swing Line

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Bank as a result of any failure to fulfill on
or before the date specified in such Notice of Swing Line Borrowing for such Swing Line Borrowing the applicable conditions set
forth in Article III, including, without limitation, any loss (excluding loss of anticipated profits), cost or expense incurred
by reason of the liquidation or reemployment of deposits or other funds acquired by such Swing Line Bank to fund the Swing Line
Advance to be made by such Swing Line Bank as part of such Swing Line Borrowing when such Swing Line Advance, as a result of such
failure, is not made on such date.

 

(e)(i) Unless the
Agent shall have received notice from a Lender prior to the time of any Revolving Credit Borrowing that such Lender will not make
available to the Agent such Lender’s ratable portion of such Revolving Credit Borrowing the Agent may assume that such Lender
has made such portion available to the Agent on the date of such Revolving Credit Borrowing in accordance with subsection (a) of
this Section 2.02 and the Agent may, in reliance upon such assumption, make available to the Borrower proposing such Revolving
Credit Borrowing on such date a corresponding amount. If and to the extent that such Lender shall not have so made such ratable
portion available to the Agent, such Lender and such Borrower severally agree to repay to the Agent forthwith on demand such corresponding
amount together with interest thereon, for each day from the date such amount is made available to such Borrower until the date
such amount is repaid to the Agent, at (x) in the case of such Borrower, the higher of (A) the interest rate applicable at the
time to Revolving Credit Advances comprising such Revolving Credit Borrowing and (B) the cost of funds incurred by the Agent in
respect of such amount and (y) in the case of such Lender, (A) the Federal Funds Rate in the case of Advances denominated in Dollars
or (B) the cost of funds incurred by the Agent in respect of such amount in the case of Advances denominated in any Major Currency.
If such Lender shall repay to the Agent such corresponding amount, such amount so repaid shall constitute such Lender’s Revolving
Credit Advance as part of such Revolving Credit Borrowing for purposes of this Agreement.

 

(ii)Unless the
Swing Line Agent shall have received notice from a Swing Line Bank prior to 11:00 A.M. (London time) on the day of any Swing Line
Borrowing that such Swing Line Bank will not make available to the Swing Line Agent such Swing Line Bank’s ratable portion
of such Swing Line Borrowing, the Swing Line Agent may assume that such Swing Line Bank has made such portion available to the
Swing Line Agent on the date of such Swing Line Borrowing in accordance with subsection (b) of this Section 2.02 and the Swing
Line Agent may, in reliance upon such assumption, make available to the Borrower proposing such Swing Line Borrowing on such date
a corresponding amount. If and to the extent that such Swing Line Bank shall not have so made such ratable portion available to
the Swing Line Agent such Swing Line Bank and such Borrower severally agree to repay to the Swing Line Agent forthwith on demand
such corresponding amount together with interest thereon, for each day from the date such amount is made available to such Borrower
until the date such amount is repaid to the Swing Line Agent at (x) in the case of such Borrower, the higher of (A) the interest
rate applicable at the time to Swing Line Advances comprising such Swing Line Borrowing and (B) the cost of funds incurred by
the Swing Line Agent in respect of such amount, and (y) in the case of such Swing Line Bank, the cost of funds incurred by the
Swing Line Agent in respect of such amount. If such Swing Line Bank shall repay to the Swing Line Agent such corresponding amount,
such amount so repaid shall constitute such Swing Line Bank’s Swing Line Advance as part of such Swing Line Borrowing for
purposes of this Agreement.

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(f)(i) The failure
of any Lender to make the Revolving Credit Advance to be made by it as part of any Revolving Credit Borrowing shall not relieve
any other Lender of its obligation, if any, hereunder to make its Revolving Credit Advance on the date of such Revolving Credit
Borrowing, but no Lender shall be responsible for the failure of any other Lender to make the Revolving Credit Advance to be made
by such other Lender on the date of any Revolving Credit Borrowing.

 

(ii)The failure
of any Swing Line Bank to make the Swing Line Advance to be made by it as part of any Swing Line Borrowing shall not relieve any
other Swing Line Bank of its obligation hereunder to make its Swing Line Advance on the date of such Swing Line Borrowing, but
no Swing Line Bank shall be responsible for the failure of any other Swing Line Bank to make the Swing Line Advance to be made
by such other Swing Line Bank on the date of any Swing Line Borrowing.

 

(g)If the respective
Unused Commitments of the Lenders on the first day of an Interest Period for any Revolving Credit Borrowing are different from
the respective Unused Commitments of the Lenders on the last day of such Interest Period, the Agent shall so notify the Lenders
and the respective Revolving Credit Advances shall be reallocated among the Lenders so that, after giving effect to such reallocation,
the Revolving Credit Advances comprising such Revolving Credit Borrowing and continuing into the subsequent Interest Period are
funded by the Lenders ratably according to their respective Unused Commitments on such last day. Each Lender agrees that the conditions
precedent set forth in Section 3.03 shall not apply to any additional amounts required to be funded by such Lender pursuant to
this Section 2.02(g).

 

SECTION 2.03. The
Competitive Bid Advances. (a) Each Lender severally agrees that any Borrower may request Competitive Bid Borrowings under this
Section 2.03 from time to time on any Business Day during the period from the date hereof until the date occurring seven days prior
to the Termination Date in the manner set forth below; provided that, following the making of each Competitive Bid Borrowing,
the aggregate amount (based in respect of any Advance denominated in a Foreign Currency on the Equivalent in Dollars on such Business
Day) of the Advances and the aggregate Available Amount of Letters of Credit then outstanding shall not exceed the aggregate amount
of the Revolving Credit Commitments. Notwithstanding anything herein to the contrary, no Competitive Bid Borrowing may be made
in a Foreign Currency if, after giving effect to the making of such Competitive Bid Borrowing, the Equivalent in Dollars of the
aggregate amount of outstanding Competitive Bid Advances denominated in Foreign Currencies, together with the Equivalent in Dollars
of the aggregate amount of outstanding Revolving Credit Advances denominated in Major Currencies, would exceed $500,000,000.

 

(i)Any
Borrower may request a Competitive Bid Borrowing under this Section 2.03 by delivering to the Agent (and the Agent shall, in the
case of a Competitive Bid Borrowing not consisting of Fixed Rate Advances or LIBO Rate Advances to be denominated in Dollars,
immediately notify the Sub-Agent), by telecopier, a notice of a Competitive Bid Borrowing (a “Notice of Competitive Bid
Borrowing”), in substantially the form of Exhibit B-2 hereto, specifying therein the requested (A) date of such proposed
Competitive Bid Borrowing, (B) aggregate amount of such proposed Competitive Bid Borrowing, (C) interest rate basis and day count
convention to be offered by the Lenders,

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 (D) currency of such proposed Competitive
Bid Borrowing, (E) in the case of a Competitive Bid Borrowing consisting of LIBO Rate Advances, Interest Period of each Competitive
Bid Advance to be made as part of such Competitive Bid Borrowing, or in the case of a Competitive Bid Borrowing consisting of Fixed
Rate Advances or Local Rate Advances, maturity date for repayment of each Fixed Rate Advance or Local Rate Advance to be made as
part of such Competitive Bid Borrowing (which maturity date may not be earlier than the date occurring five days after the date
of such Competitive Bid Borrowing or later than the Termination Date), (F) interest payment date or dates relating thereto, (G)
location of such Borrower’s account to which funds are to be advanced, and (H) other terms (if any) to be applicable to such
Competitive Bid Borrowing, not later than (w) 10:00 A.M. (New York City time) at least one Business Day prior to the date of the
proposed Competitive Bid Borrowing, if such Borrower shall specify in its Notice of Competitive Bid Borrowing that the rates of
interest to be offered by the Lenders shall be fixed rates per annum (each Advance comprising any such Competitive Bid Borrowing
being referred to herein as a “Fixed Rate Advance”) and that the Advances comprising such proposed Competitive
Bid Borrowing shall be denominated in Dollars, (x) 10:00 A.M. (New York City time) at least four Business Days prior to the date
of the proposed Competitive Bid Borrowing, if such Borrower shall instead specify in its Notice of Competitive Bid Borrowing that
the Advances comprising such Competitive Bid Borrowing shall be LIBO Rate Advances denominated in Dollars, (y) 3:00 P.M. (New York
City time) at least three Business Days prior to the date of the proposed Competitive Bid Borrowing, if such Borrower shall specify
in the Notice of Competitive Bid Borrowing that the Advances comprising such proposed Competitive Bid Borrowing shall be either
Fixed Rate Advances denominated in any Foreign Currency or Local Rate Advances denominated in any Foreign Currency and (z) 3:00
P.M. (New York City time) at least five Business Days prior to the date of the proposed Competitive Bid Borrowing, if such Borrower
shall instead specify in its Notice of Competitive Bid Borrowing that the Advances comprising such Competitive Bid Borrowing shall
be LIBO Rate Advances denominated in any Foreign Currency. Each Notice of Competitive Bid Borrowing shall be irrevocable and binding
on such Borrower. Any Notice of Competitive Bid Borrowing by a Designated Subsidiary shall be given to the Agent in accordance
with the preceding sentence through the Company on behalf of such Designated Subsidiary. The Agent shall in turn promptly notify
each Lender of each request for a Competitive Bid Borrowing received by it from such Borrower by sending such Lender a copy of
the related Notice of Competitive Bid Borrowing.

 

(ii)Each
Lender may, if, in its sole discretion, it elects to do so, irrevocably offer to make one or more Competitive Bid Advances
to the Borrower proposing the Competitive Bid Borrowing as part of such proposed Competitive Bid Borrowing at a rate or rates
of interest specified by such Lender in its sole discretion, by notifying the Agent (which shall give prompt notice thereof
to such Borrower and to the Sub-Agent, if applicable), (A) before 9:30 A.M. (New York City time) on the date of such proposed
Competitive Bid Borrowing, in the case of a Competitive Bid Borrowing consisting of Fixed Rate Advances denominated in
Dollars, (B) before 10:00 A.M. (New York City time) three Business Days before the date of such proposed Competitive Bid
Borrowing, in the case of a Competitive Bid Borrowing consisting of LIBO Rate Advances denominated in Dollars, (C) before
10:00 A.M. (New York City time) on the second Business Day prior

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to the date of such proposed Competitive Bid Borrowing,
in the case of a Competitive Bid Borrowing consisting of either Fixed Rate Advances denominated in any Foreign Currency or Local
Rate Advances denominated in any Foreign Currency and (D) before 10:00 A.M. (New York City time) four Business Days before the
date of such proposed Competitive Bid Borrowing, in the case of a Competitive Bid Borrowing consisting of LIBO Rate Advances denominated
in any Foreign Currency, of the minimum amount and maximum amount of each Competitive Bid Advance which such Lender would be willing
to make as part of such proposed Competitive Bid Borrowing (which amounts, or the Equivalent thereof in Dollars, as the case may
be, may, subject to the proviso to the first sentence of this Section 2.03(a), exceed such Lender’s Commitment, if any),
the rate or rates of interest therefor and such Lender’s Applicable Lending Office with respect to such Competitive Bid Advance;
provided that if the Agent in its capacity as a Lender shall, in its sole discretion, elect to make any such offer, it shall
notify such Borrower of such offer at least 30 minutes before the time and on the date on which notice of such election is to be
given to the Agent, by the other Lenders. If any Lender shall elect not to make such an offer, such Lender shall so notify the
Agent, before 10:00 A.M. (New York City time) (and the Agent shall notify the Sub-Agent, if applicable) on the date on which notice
of such election is to be given to the Agent by the other Lenders, and such Lender shall not be obligated to, and shall not, make
any Competitive Bid Advance as part of such Competitive Bid Borrowing; provided that the failure by any Lender to give such
notice shall not cause such Lender to be obligated to make any Competitive Bid Advance as part of such proposed Competitive Bid
Borrowing.

 

(iii)The
Borrower proposing the Competitive Bid Advance shall, in turn, (A) before 10:30 A.M. (New York City time) on the date of such proposed
Competitive Bid Borrowing, in the case of a Competitive Bid Borrowing consisting of Fixed Rate Advances denominated in Dollars,
(B) before 11:00 A.M. (New York City time) three Business Days before the date of such proposed Competitive Bid Borrowing, in the
case of a Competitive Bid Borrowing consisting of LIBO Rate Advances denominated in Dollars, (C) before 10:00 A.M. (New York City
time) on the Business Day prior to the date of such Competitive Bid Borrowing, in the case of a Competitive Bid Borrowing consisting
of either Fixed Rate Advances denominated in any Foreign Currency or Local Rate Advances denominated in any Foreign Currency and
(D) before 10:00 A.M. (New York City time) three Business Days before the date of such proposed Competitive Bid Borrowing, in the
case of a Competitive Bid Borrowing consisting of LIBO Rate Advances denominated in any Foreign Currency, either:

 

(x)cancel
such Competitive Bid Borrowing by giving the Agent notice to that effect, or

 

(y)accept
one or more of the offers made by any Lender or Lenders pursuant to paragraph (ii) above, in its sole discretion, by giving
notice to the Agent (and the Agent shall give notice to the Sub-Agent, if applicable) of the amount of each Competitive Bid
Advance (which amount shall be equal to or greater than the minimum amount, and equal to or less than the maximum amount,
notified to such Borrower by the Agent on behalf of such Lender for such Competitive Bid Advance pursuant to paragraph (ii)
above) to be made by each Lender as part of

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 such Competitive Bid Borrowing, and reject any remaining offers made by Lenders
pursuant to paragraph (ii) above by giving the Agent notice to that effect; provided, however, that such
Borrower shall not accept any offer in excess of the requested bid amount for any maturity. Such Borrower shall accept the
offers made by any Lender or Lenders to make Competitive Bid Advances in order of the lowest to the highest rates of interest
offered by such Lenders. If two or more Lenders have offered the same interest rate, the amount to be borrowed at such
interest rate will be allocated among such Lenders in proportion to the amount that each such Lender offered at such interest
rate.

 

(iv)If
the Borrower proposing the Competitive Bid Borrowing notifies the Agent that such Competitive Bid Borrowing is canceled pursuant
to paragraph (iii)(x) above, the Agent shall give prompt notice thereof to the Lenders and such Competitive Bid Borrowing shall
not be made.

 

(v)If
the Borrower proposing the Competitive Bid Borrowing accepts one or more of the offers made by any Lender or Lenders
pursuant to paragraph (iii)(y) above, the Agent shall in turn promptly notify (A) each Lender that has made an offer as
described in paragraph (ii) above, of the date and aggregate amount of such Competitive Bid Borrowing and whether or not any
offer or offers made by such Lender pursuant to paragraph (ii) above have been accepted by such Borrower, (B) each Lender
that is to make a Competitive Bid Advance as part of such Competitive Bid Borrowing, of the amount of each Competitive Bid
Advance to be made by such Lender as part of such Competitive Bid Borrowing, and (C) each Lender that is to make a
Competitive Bid Advance as part of such Competitive Bid Borrowing, upon receipt, that the Agent has received forms of
documents appearing to fulfill the applicable conditions set forth in Article III. Each Lender that is to make a Competitive
Bid Advance as part of such Competitive Bid Borrowing shall, before 11:00 A.M. (New York City time), in the case of
Competitive Bid Advances to be denominated in Dollars or 11:00 A.M. (London time), in the case of Competitive Bid Advances to
be denominated in any Foreign Currency, on the date of such Competitive Bid Borrowing specified in the notice received from
the Agent pursuant to clause (A) of the preceding sentence or any later time when such Lender shall have received notice from
the Agent pursuant to clause (C) of the preceding sentence, make available for the account of its Applicable Lending Office
to the Agent (x) in the case of a Competitive Bid Borrowing denominated in Dollars, at its address referred to in Section
9.02, in same day funds, such Lender’s portion of such Competitive Bid Borrowing in Dollars, and (y) in the case of a
Competitive Bid Borrowing in a Foreign Currency, at the Payment Office for such Foreign Currency as shall have been notified
by the Agent to the Lenders prior thereto, in same day funds, such Lender’s portion of such Competitive Bid Borrowing
in such Foreign Currency. Upon fulfillment of the applicable conditions set forth in Article III and after receipt by the
Agent of such funds, the Agent will make such funds available to such Borrower’s account at the location specified by
such Borrower in its Notice of Competitive Bid Borrowing. Promptly after each Competitive Bid Borrowing the Agent will
notify each Lender of the amount and tenor of such Competitive Bid Borrowing.

 

(vi)If
the Borrower proposing the Competitive Bid Borrowing notifies the Agent that it accepts one or more of the offers made by any Lender
or Lenders pursuant to

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 paragraph (iii)(y) above, such notice of acceptance shall be irrevocable and binding on such Borrower. Such
Borrower shall indemnify each Lender against any loss, cost or expense incurred by such Lender as a result of any failure by such
Borrower to fulfill on or before the date specified in the related Notice of Competitive Bid Borrowing for such Competitive Bid
Borrowing the applicable conditions set forth in Article III, including, without limitation, any loss (including loss of anticipated
profits), cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender
to fund the Competitive Bid Advance to be made by such Lender as part of such Competitive Bid Borrowing when such Competitive Bid
Advance, as a result of such failure, is not made on such date.

 

(b)Each Competitive
Bid Borrowing shall be in an aggregate amount not less than $10,000,000 (or the Equivalent thereof in any Foreign Currency, determined
as of the time of the applicable Notice of Competitive Bid Borrowing) or an integral multiple of $1,000,000 (or the Equivalent
thereof in any Foreign Currency, determined as of the time of the applicable Notice of Competitive Bid Borrowing) in excess thereof
and, following the making of each Competitive Bid Borrowing, the Borrower that has borrowed such Competitive Bid Borrowing shall
be in compliance with the limitation set forth in the proviso to the first sentence of subsection (a) above.

 

(c)Within the limits
and on the conditions set forth in this Section 2.03, any Borrower may from time to time borrow under this Section 2.03, repay
or prepay pursuant to subsection (d) below, and reborrow under this Section 2.03, provided that a Competitive Bid Borrowing
shall not be made within three Business Days of the date of any other Competitive Bid Borrowing.

 

(d)Any Borrower
that has borrowed through a Competitive Bid Borrowing shall repay to the Agent for the account of each Lender that has made a Competitive
Bid Advance, on the maturity date of such Competitive Bid Advance (such maturity date being that specified by such Borrower for
repayment of such Competitive Bid Advance in the related Notice of Competitive Bid Borrowing delivered pursuant to subsection (a)(i)
above and provided in the Competitive Bid Note evidencing such Competitive Bid Advance), the then unpaid principal amount of such
Competitive Bid Advance. Such Borrower shall have no right to prepay any principal amount of any Competitive Bid Advance unless,
and then only on the terms, specified by such Borrower for such Competitive Bid Advance in the related Notice of Competitive Bid
Borrowing delivered pursuant to subsection (a)(i) above and set forth in the Competitive Bid Note evidencing such Competitive Bid
Advance.

 

(e)Each
Borrower that has borrowed through a Competitive Bid Borrowing shall pay interest on the unpaid principal amount of each
Competitive Bid Advance comprising such Competitive Bid Borrowing from the date of such Competitive Bid Advance to the date
the principal amount of such Competitive Bid Advance is repaid in full, at the rate of interest for such Competitive Bid
Advance specified by the Lender making such Competitive Bid Advance in its notice with respect thereto delivered pursuant to
subsection (a)(ii) above, payable on the interest payment date or dates specified by such Borrower for such Competitive Bid
Advance in the related Notice of Competitive Bid Borrowing delivered pursuant to subsection (a)(i) above, as provided in the
Competitive Bid Note evidencing such Competitive Bid Advance. Upon the occurrence and during the continuance of an Event of
Default under Section 6.01(a), such Borrower shall pay

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 interest on the amount of unpaid principal of and interest on each
Competitive Bid Advance owing to a Lender, payable in arrears on the date or dates interest is payable thereon, at a rate per
annum equal at all times to 1% per annum above the rate per annum required to be paid on such Competitive Bid Advance under
the terms of the Competitive Bid Note evidencing such Competitive Bid Advance unless otherwise agreed in such Competitive Bid
Note.

 

(f)The indebtedness
of any Borrower resulting from each Competitive Bid Advance made to such Borrower as part of a Competitive Bid Borrowing shall
be evidenced by a separate Competitive Bid Note of such Borrower payable to the order of the Lender making such Competitive Bid
Advance.

 

SECTION 2.04. Issuance
of and Drawings and Reimbursement Under Letters of Credit. (a) Request for Issuance. (i) Each Letter of Credit
shall be issued upon notice, given not later than 11:00 A.M. (New York City time) on the fifth Business Day prior to the date
of the proposed issuance of such Letter of Credit (or on such shorter notice as the applicable Issuing Bank may agree), by
any Borrower to any Issuing Bank, and such Issuing Bank shall give the Agent, prompt notice thereof by facsimile. Each such
notice of issuance of a Letter of Credit (a “Notice of Issuance”) shall be by telephone, confirmed
immediately in writing, or facsimile, specifying therein the requested (A) date of such issuance (which shall be a Business
Day), (B) Available Amount and currency (which shall be a Major Currency or Dollars) of such Letter of Credit, (C) expiration
date of such Letter of Credit (which shall not be later than the Termination Date), (D) name and address of the beneficiary
of such Letter of Credit and (E) form of such Letter of Credit, and shall be accompanied by such customary application and
agreement for letter of credit as such Issuing Bank may specify to the Borrower requesting such issuance for use in
connection with such requested Letter of Credit (a “Letter of Credit Application”). If
(A) the requested form of such Letter of Credit, in the reasonable judgment of the Issuing Bank, conforms to standard
practices of financial institutions that regularly issue letters of credit, (B) the issuance of a letter of credit to the
beneficiary of such Letter of Credit would not, in the reasonable judgment of the Issuing Bank, violate or conflict with (y)
any regulatory or legal restriction applicable to the Issuing Bank, or (z) any internal policy, procedure or guideline of,
the Issuing Bank that is consistent with standard practices of financial institutions that regularly issue letters of credit
and (C) the Issuing Bank has not received written notice form any Lender, the Agent or any Borrower, at least one Business
Day prior to the requested date of issuance or amendment of the applicable Letter of Credit, that one or more applicable
conditions contained in Section 3.03 shall not be satisfied, then such Issuing Bank will, upon fulfillment of the applicable
conditions set forth in Article III, make such Letter of Credit available to the Borrower requesting such issuance at its
office referred to in Section 9.02 or as otherwise agreed with such Borrower in connection with such issuance. In the
event and to the extent that the provisions of any Letter of Credit Application shall conflict with this Agreement, the
provisions of this Agreement shall govern. An Issuing Bank that issues a Letter of Credit which expires prior to the
Termination Date but provides for automatic extension of the expiry date will not exercise its right to prevent the automatic
extension of the expiry date unless (i) the applicable conditions set forth in Section 3.03 are not satisfied as to the date
of such Issuing Bank’s required notice of non-extension, or (ii) such automatic extension would extend the expiry date
beyond the Termination Date.

 

(b)Participations.
By the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the amount thereof) and without any further
action on the part of the

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 applicable Issuing Bank or the Lenders, such Issuing Bank hereby grants to each Lender, and each Lender
hereby acquires from such Issuing Bank, a participation in such Letter of Credit equal to such Lender’s Ratable Share of
the Available Amount of such Letter of Credit. Each Borrower hereby agrees to each such participation. In consideration and in
furtherance of the foregoing, each Lender hereby absolutely and unconditionally agrees to pay to the Agent, for the account of
such Issuing Bank, such Lender’s Ratable Share of each drawing made under a Letter of Credit funded by such Issuing Bank
and not reimbursed by the applicable Borrower on the date made, or of any reimbursement payment required to be refunded to any
Borrower for any reason. Each 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 reduction or termination
of the Revolving Credit Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction
whatsoever. Each Lender further acknowledges and agrees that its participation in each Letter of Credit will be automatically adjusted
to reflect such Lender’s Ratable Share of the Available Amount of such Letter of Credit at each time such Lender’s
Revolving Credit Commitment is amended pursuant to the operation of Sections 2.06(b), (c) or (d), an assignment in accordance with
Section 9.06 or otherwise pursuant to this Agreement.

 

(c)Drawing and
Reimbursement. The payment by an Issuing Bank of a draft drawn under any Letter of Credit shall constitute for all purposes
of this Agreement the making by any such Issuing Bank of a Revolving Credit Advance, which, in the case of Letters of Credit denominated
in Dollars, shall be a Base Rate Advance, in the amount of such draft or, in the case of a Letter of Credit denominated in any
Major Currency, shall be an Advance that bears interest at the Overnight Eurocurrency Rate (as defined below) of such Issuing
Bank for a period of five Business Days and thereafter, shall be a Base Rate Advance in the Equivalent in Dollars on such fifth
Business Day for the amount of such draft. Each Issuing Bank shall give prompt notice (and such Issuing Bank will use its commercially
reasonable efforts to deliver such notice within one Business Day) of each drawing under any Letter of Credit issued by it to
the Company, the applicable Borrower (if not the Company) and the Agent. Upon written demand by such Issuing Bank, with a copy
of such demand to the Agent and the Company, each Lender shall pay to the Agent such Lender’s Ratable Share of such outstanding
Revolving Credit Advance, by making available for the account of its Applicable Lending Office to the Agent for the account of
such Issuing Bank, by deposit to the Agent’s Account, in same day funds, an amount equal to the portion of the outstanding
principal amount of such Revolving Credit Advance to be funded by such Lender, provided that the Lenders shall not be required
to fund such Revolving Credit Advances resulting from drawings under a Letter of Credit denominated in any Major Currency until
such Advance is exchanged for the Equivalent in Dollars and is a Base Rate Advance. Each Lender acknowledges and agrees that its
obligation to make Revolving Credit Advances 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 reduction or termination of the Revolving Credit Commitments, and that each
such payment shall be made without any offset, abatement, withholding or reduction whatsoever. Promptly after receipt thereof,
the Agent shall transfer such funds to such Issuing Bank. Each Lender agrees to fund its Ratable Share of an outstanding Revolving
Credit Advance on (i) the Business Day on which demand therefor is made by such Issuing Bank, provided that notice of such
demand is given not later than 11:00 A.M.

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 (New York City time) on such Business Day, or (ii) the first Business Day next succeeding such
demand if notice of such demand is given after such time. If and to the extent that any Lender shall not have so made the amount
of such Revolving Credit Advance available to the Agent, such Lender agrees to pay to the Agent forthwith on demand such amount
together with interest thereon, for each day from the date of demand by any such Issuing Bank until the date such amount is paid
to the Agent, at the Federal Funds Rate for its account or the account of such Issuing Bank, as applicable. If such Lender shall
pay to the Agent such amount for the account of any such Issuing Bank on any Business Day, such amount so paid in respect of principal
shall constitute a Revolving Credit Advance made by such Lender on such Business Day for purposes of this Agreement, and the outstanding
principal amount of the Revolving Credit Advance made by such Issuing Bank shall be reduced by such amount on such Business Day.
“Overnight Eurocurrency Rate” means the rate per annum applicable to an overnight period beginning on one Business
Day and ending on the next Business Day equal to the sum of the Applicable Margin for Eurocurrency Rate Advances and the rate per
annum quoted by the applicable Issuing Bank to the Agent as the rate at which it is offering overnight deposits in the relevant
currency in amounts comparable to such Issuing Bank’s Advances resulting from drawings on Letters of Credit denominated in
a Major Currency.

 

(d)Letter of
Credit Reports. Each Issuing Bank shall furnish (A) to the Agent (with a copy to the Company) on the first Business Day of
each month a written report summarizing issuance and expiration dates of Letters of Credit during the preceding month and drawings
during such month under all Letters of Credit and (B) to the Agent (with a copy to the Company) on the first Business Day of each
calendar quarter a written report setting forth the average daily aggregate Available Amount during the preceding calendar quarter
of all Letters of Credit.

 

(e)Failure to
Make Advances. The failure of any Lender to make the Revolving Credit Advance to be made by it on the date specified in Section
2.04(c) shall not relieve any other Lender of its obligation hereunder to make its Revolving Credit Advance on such date, but no
Lender shall be responsible for the failure of any other Lender to make the Revolving Credit Advance to be made by such other Lender
on such date.

 

SECTION 2.05. Fees.
(a) Commitment Fee. The Company agrees to pay to the Agent for the account of each Lender a commitment fee on the
aggregate amount of such Lender’s Unused Commitment (Fee Calculation) from the date hereof in the case of each Initial
Lender and from the effective date specified in the Assumption Agreement or in the Assignment and Assumption pursuant to
which it became a Lender in the case of each other Lender until the Termination Date at a rate per annum equal to the
Applicable Percentage in effect from time to time, payable in arrears quarterly on the last day of each March, June,
September and December, commencing December 31, 2013, and on the Termination Date, provided that no Defaulting Lender
shall be entitled to receive any commitment fee for any period during which that Lender is a Defaulting Lender (and the
Company shall not be required to pay such fee that otherwise would have been required to have been paid to that Defaulting
Lender).

 

(b)Letter of
Credit Fees. (i) Each Borrower shall pay to the Agent for the account of each Lender a fee on such Lender’s Ratable Share
of the sum of (x) the average daily aggregate Available Amount of all Letters of Credit issued at the request of such Borrower
and 

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outstanding from time to time and (y) any Advances bearing interest at the Overnight Eurocurrency Rate as provided in Section
2.04(c) and outstanding from time to time, at a rate per annum equal to the Applicable Letter of Credit Rate in effect from time
to time, during such calendar quarter, payable in arrears quarterly on the third Business Day after the last day of each March,
June, September and December, commencing with the quarter ended December 31, 2013, and on and after the Termination Date payable
upon demand; provided that the Applicable Letter of Credit Rate shall be 1% above the Applicable Letter of Credit Rate in
effect upon the occurrence and during the continuation of an Event of Default if the Borrowers are required to pay default interest
pursuant to Section 2.08(b); and provided, further, that no Defaulting Lender shall be entitled to receive any fee
in respect of Letters of Credit for any period during which that Lender is a Defaulting Lender (and the Borrowers shall not be
required to pay such fee to that Defaulting Lender but shall pay such fee in the manner and to the extent set forth in Section
2.20).

 

(ii)Each
Borrower shall pay to each Issuing Bank for its own account such reasonable fees as have been agreed between the Company and such
Issuing Bank.

 

(c)Agent’s
Fees. The Company shall pay to the Agent and Swing Line Agent for its own account such fees, and at such times, as the Company
and such Agent may separately agree.

 

SECTION 2.06. Termination
or Reduction of the Commitments. (a) Optional Ratable Termination or Reduction. The Company shall have the right, upon
at least three Business Days’ notice to the Agent, to terminate in whole or permanently reduce ratably in part the Unused
Commitments of the Lenders, provided that each partial reduction shall be in an aggregate amount not less than $10,000,000
or an integral multiple of $1,000,000 in excess thereof, provided that following any such termination or reduction, the
aggregate Swing Line Commitments shall not exceed the aggregate Revolving Credit Commitments. The aggregate amount of the Commitments,
once reduced as provided in this Section 2.06(a), may not be reinstated.

 

(b)Non-Ratable
Termination by Assignment.The Company shall have the right, upon at least ten Business Days’ written notice to
the Agent (which shall then give prompt notice thereof to the relevant Lender), to require any Lender (including any
Defaulting Lender) to assign, pursuant to and in accordance with the provisions of Section 9.06, all of its rights and
obligations under this Agreement and under the Notes to an Eligible Assignee selected by the Company; provided, however,
that (i) no Event of Default shall have occurred and be continuing at the time of such request and at the time of such
assignment; (ii) the assignee shall have paid to the assigning Lender the aggregate principal amount of, and any interest
accrued and unpaid to the date of such assignment on, the Note or Notes of such Lender; (iii) the Company shall have paid to
the assigning Lender any and all accrued commitment fees and Letter of Credit fees payable to such Lender and all other
accrued and unpaid amounts owing to such Lender under any provision of this Agreement (including, but not limited to, any
increased costs or other additional amounts owing under Section 2.11 and Section 9.04 and any indemnification for Taxes under
Section 2.14) as of the effective date of such assignment; (iv) if the assignee selected by the Company is not an existing
Lender, such assignee or the Company shall have paid the processing and recordation fee required under Section 9.06(a) for
such assignment and (v) if the assigning Lender is an Issuing Bank, the Company shall pay to the Agent for deposit in the
Cash Deposit Account an amount equal to the Available Amount of all Letters of Credit issued by such Issuing Bank; provided 

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further
that the Company shall have no right to replace more than three Non-Defaulting Lenders in any calendar year pursuant to this
Section 2.06(b); and provided further that the assigning Lender’s rights under Sections 2.11, 2.14 and
9.04, and, in the case of an Issuing Bank, Sections 2.04(b) and 6.02, and its obligations under Section 8.05, shall survive
such assignment as to matters occurring prior to the date of assignment.

 

(c)Non-Ratable
Reduction. (i) The Company shall have the right, at any time other than during any Rating Condition, upon at least ten Business
Days’ notice to a Lender (with a copy to the Agent), to terminate in whole such Lender’s Commitments. Such termination
shall be effective, (x) with respect to such Lender’s Unused Commitment, on the date set forth in such notice, provided,
however, that such date shall be no earlier than ten Business Days after receipt of such notice and (y) with respect to
each Advance outstanding to such Lender, in the case of Base Rate Advances, on the date set forth in such notice and, in the case
of Eurocurrency Rate, on the last day of the then current Interest Period relating to such Advance; provided further,
however, that such termination shall not be effective, if, after giving effect to such termination, the Company would, under
this Section 2.06(c), reduce the Lenders’ Revolving Credit Commitments in any calendar year by an amount in excess of the
Revolving Credit Commitments of any three Lenders or $240,000,000, whichever is greater on the date of such termination. Notwithstanding
the preceding proviso, the Company may terminate in whole the Commitments of any Lender in accordance with the terms and conditions
set forth in Section 2.06(b). Upon termination of a Lender’s Commitments under this Section 2.06(c), the Company will pay
or cause to be paid all principal of, and interest accrued to the date of such payment on, Advances owing to such Lender and pay
any accrued commitment fees or Letter of Credit fees payable to such Lender pursuant to the provisions of Section 2.05, and all
other amounts payable to such Lender hereunder (including, but not limited to, any increased costs or other amounts owing under
Section 2.11 and any indemnification for Taxes under Section 2.14); and upon such payments and, if such Lender is an Issuing Bank,
shall pay to the Agent for deposit in the Cash Deposit Account an amount equal to the Available Amount of all Letters of Credit
issued by such Issuing Bank, the obligations of such Lender hereunder shall, by the provisions hereof, be released and discharged;
provided, however, that such Lender’s rights under Sections 2.11, 2.14 and 9.04, and, in the case of an Issuing
Bank, Sections 2.04(b) and 6.02, and its obligations under Section 8.05 shall survive such release and discharge as to matters
occurring prior to such date. The aggregate amount of the Commitments of the Lenders once reduced pursuant to this Section 2.06(c)
may not be reinstated.

 

(ii)For
purposes of this Section 2.06(c) only, the term “Rating Condition” shall mean a period commencing with
notice (a “Rating Condition Notice”) by the Agent to the Company and the Lenders to the effect that the
Agent has been informed that the rating of the senior public Debt of the Company is unsatisfactory under the standard set
forth in the next sentence, and ending with notice by the Agent to the Company and the Lenders to the effect that such
condition no longer exists. The Agent shall give a Rating Condition Notice promptly upon receipt from the Company or any
Lender of notice stating, in effect, that both of S&P and Moody’s (or any successor by merger or consolidation to
the business of either thereof), respectively, then rate the senior public Debt of the Company lower than BBB- and Baa3. The
Company agrees to give notice to the Agent forthwith upon any change in a rating by either such organization of the senior
public Debt of the Company; the Agent shall have no duty whatsoever to verify the accuracy of any such notice from the
Company or any Lender or to monitor independently the ratings of the senior public Debt of the Company and no Lender shall
have any duty to give any 

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such notice. The Agent shall give notice to the Lenders and the Company as to the termination of a
Rating Condition promptly upon receiving a notice from the Company to the Agent (which notice the Agent shall promptly notify
to the Lenders) stating that the rating of the senior public Debt of the Company does not meet the standard set forth in the
second sentence of this clause (ii), and requesting that the Agent notify the Lenders of the termination of the Rating
Condition. The Rating Condition shall terminate upon the giving of such notice by the Agent.

 

(d)Termination
by a Lender. In the event that a Change of Control occurs, each Lender may, by notice to the Company and the Agent given not
later than 50 calendar days after such Change of Control, terminate its Revolving Credit Commitment, its Unissued Letter of Credit
Commitment and its or its affiliate’s Swing Line Commitment, if any, which Commitments shall be terminated effective as of
the later of (i) the date that is 60 calendar days after such Change of Control or (ii) the end of the Interest Period for any
Eurocurrency Rate Advance outstanding at the time of such Change of Control or for any Eurocurrency Rate Advance made pursuant
to the next sentence of this Section 2.06(d). Upon the occurrence of a Change of Control, each Borrower’s right to make a
Borrowing or request the issuance of a Letter of Credit under this Agreement shall be suspended for a period of 60 calendar days,
except for Base Rate Advances and Eurocurrency Rate Advances having an Interest Period ending not later than 90 calendar days after
such Change of Control. A notice of termination pursuant to this Section 2.06(d) shall not have the effect of accelerating any
outstanding Advance of such Lender and the Notes of such Lender.

 

(e)Funds deposited
to the Cash Deposit Account pursuant to Section 2.06(b)(v) above (in the case of an assigning Lender thereunder that is an Issuing
Bank) or Section 2.06(c)(i) above (in the case of a Lender whose Commitments are terminated thereunder that is an Issuing Bank)
shall be applied to reimburse any drawings made under any Letter of Credit issued by such applicable Issuing Bank to the extent
permitted by applicable law, and if so applied then such reimbursement shall be deemed satisfaction of the obligations of the Lenders
and of the applicable Borrower to reimburse such drawing. After all of the Letters of Credit issued by such Issuing Banks shall
have expired or been fully drawn upon and all other obligations of the Borrowers hereunder to such Issuing Banks have been paid
in full, the balance, if any, in the Cash Deposit Account shall be promptly returned to the Company.

 

SECTION 2.07. Repayment
of Advances. (a) Revolving Credit Advances. Each Borrower shall repay to the Agent for the ratable account of the Lenders
on the Termination Date the aggregate principal amount of the Revolving Credit Advances then outstanding.

 

(b)Competitive
Bid Advances. Each Borrower shall repay to the Agent, for the account of each Lender that has made a Competitive Bid Advance,
the aggregate outstanding

principal amount of
each Competitive Bid Advance made to such Borrower and owing to such Lender on the earlier of (i) the maturity date therefor, specified
in the related Notice of Competitive Bid Borrowing delivered pursuant to Section 2.03(a)(i) and (ii) the Termination Date.

 

(c)Letter of
Credit Reimbursements. The obligation of any Borrower under this Agreement, any Letter of Credit Application and any other
agreement or instrument, in each case, to repay any Revolving Credit Advance that results from payment of a drawing under a Letter
of Credit shall be unconditional and irrevocable, and shall be paid strictly in accordance with the

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terms of this Agreement, such
Letter of Credit Application and such other agreement or instrument under all circumstances, including, without limitation, the
following circumstances (it being understood that any such payment by a Borrower is without prejudice to, and does not constitute
a waiver of, any rights such Borrower might have or might acquire as a result of the payment by any Lender of any draft or the
reimbursement by the Borrower thereof as set forth in Section 9.16 or otherwise):

 

(i) any lack of
validity or enforceability of this Agreement, any Note, any Letter of Credit Application, any Letter of Credit or any other agreement
or instrument relating thereto (all of the foregoing being, collectively, the “L/C Related Documents”);

 

(ii) any change
in the time, manner or place of payment of any Letter of Credit;

 

(iii) the existence
of any claim, set-off, defense or other right that any Borrower may have at any time against any beneficiary or any transferee
of a Letter of Credit (or any Persons for which any such beneficiary or any such transferee may be acting), any Issuing Bank, the
Agent, any Lender or any other Person, whether in connection with the transactions contemplated by the L/C Related Documents or
any unrelated transaction;

 

(iv) any statement
or any other document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any respect or any statement
therein being untrue or inaccurate in any respect;

 

(v) payment by any
Issuing Bank under a Letter of Credit against presentation of a draft or certificate that does not substantially comply with the
terms of such Letter of Credit;

 

(vi) any exchange,
release or non-perfection of any collateral, or any release or amendment or waiver of or consent to departure from any guarantee,
for all or any of the obligations of any Borrower in respect of the L/C Related Documents; or

 

(vii) any other
circumstance or happening 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 such Borrower’s obligations hereunder.

 

(d) Swing Line Advances.
(i) Each Borrower shall repay to the Swing Line Agent for the ratable account of the Swing Line Banks on the last day of the applicable
Interest Period, the unpaid principal amount of any Swing Line Advance then outstanding.

 

(ii) In the event
that a Borrower does not repay a Swing Line Advance made to it in full on the last day of its Interest Period, on the Business
Day immediately following such day, that Borrower shall be deemed to have served a Notice of Revolving Credit Borrowing for a Revolving
Credit Borrowing to be made on the third Business Day thereafter in the amount (including accrued interest) and currency of such
Swing Line Advance and with an Interest Period of one month and such Revolving Credit Advance shall be made on the third Business
Day in accordance with Section 2.02(a) (without regard to the minimum amount thereof) and the proceeds thereof applied in repayment
of such Swing Line Advance. Notwithstanding anything contained herein to the contrary, for the

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time period from the day immediately following
the end of the Interest Period for any such Swing Line Advance that is not repaid on the last day of its Interest Period until
and including the third Business Day thereafter, Section 2.08(b) shall apply to the unpaid principal amount of any such Swing Line
Advance.

 

(iii) Section 3.03
shall not apply to any Revolving Credit Advance to which this Section 2.07(d) refers.

 

(iv) In the circumstances
set out in paragraph (ii) above, to the extent that it is not possible to make a Revolving Credit Advance due to the insolvency
of a Borrower, the Lenders will indemnify (pro-rata according to their Revolving Credit Commitments) the Swing Line Banks for any
loss that they incur as a result of the relevant Swing Line Borrowing.

 

SECTION 2.08. Interest on
Revolving Credit Advances and Swing Line Advances. (a) Scheduled Interest. (i) Each Borrower shall pay interest
on the unpaid principal amount of each Revolving Credit Advance owing by such Borrower to each Lender from the date of such Revolving
Credit Advance, until such principal amount shall be paid in full, at the following rates per annum:

 

(A) Base Rate
Advances. During such periods as such Revolving Credit Advance is a Base Rate Advance, a rate per annum equal at all times
to the sum of (x) the Base Rate in effect from time to time plus (y) the Applicable Margin in effect from time to time,
payable in arrears quarterly on the last Business Day of each March, June, September and December during such periods and on the
date such Base Rate Advance shall be Converted or paid in full.

 

(B) Eurocurrency
Rate Advances. During such periods as such Revolving Credit Advance is a Eurocurrency Rate Advance, a rate per annum equal
at all times during each Interest Period for such Revolving Credit Advance to the sum of (x) the Eurocurrency Rate for such Interest
Period for such Revolving Credit Advance plus (y) the Applicable Margin in effect from time to time, payable in arrears
on the last day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that
occurs during such Interest Period every three months from the first day of such Interest Period and on the date such Eurocurrency
Rate Advance shall be Converted or paid in full.

 

(ii) Each Borrower shall pay
interest on the unpaid principal amount of each Swing Line Advance owing by such Borrower to each Swing Line Bank from the date
of such Swing Line Advance until such principal amount shall be paid in full, at the following rates per annum:

 

(A) Euro Swing
Line Advances. For each Euro Swing Line Advance, a rate per annum equal at all times during the Interest Period for such Euro
Swing Line Advance to the sum of (x) the rate per annum determined by the Swing Line Agent to be the arithmetic mean (rounded upwards
to the nearest whole multiple of 1/16 of 1% per annum, if such arithmetic mean is not such a multiple) of the rates at which deposits
in Euro are offered by the principal office of each of the Swing Line Banks to prime banks in the European interbank market at
11:00 A.M. (Brussels time) on the date of such Euro Swing Line

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Advance for an amount substantially equal
to the Swing Line Banks’ respective ratable shares of such Borrowing outstanding during such Interest Period and for a period
equal to such Interest Period plus (y) the Applicable Margin, payable in arrears on the last day of such Interest Period.

 

(B) Dollar Swing
Line Advances. For each Dollar Swing Line Advance, a rate per annum equal at all times during the Interest Period for such
Dollar Swing Line Advance to the sum of (x) the rate per annum determined by the Swing Line Agent to be the arithmetic mean (rounded
upwards to the nearest whole multiple of 1/16 of 1% per annum, if such arithmetic mean is not such a multiple) of the rates at
which deposits in Dollars are offered by the principal office of each of the Swing Line Banks to prime banks in the London interbank
market at 11:00 A.M. (London time) on the date of such Dollar Swing Line Advance for an amount substantially equal to the amount
that would be the Swing Line Banks’ respective ratable shares of such Borrowing outstanding during such Interest Period and
for a period equal to such Interest Period plus (y) the Applicable Margin, payable in arrears on the last day of such Interest
Period.

 

(b) Default Interest.
Upon the occurrence and during the continuance of an Event of Default under Section 6.01(a), each Borrower shall pay interest on
(i) the unpaid principal amount of each Revolving Credit Advance owing by such Borrower to each Lender, payable in arrears on the
dates referred to in clause (a) above, at a rate per annum equal at all times to 1% per annum above the rate per annum required
to be paid on such Revolving Credit Advance pursuant to clause (a) above and (ii) to the fullest extent permitted by law, the amount
of any interest, fee or other amount payable hereunder by such Borrower that is not paid when due, from the date such amount shall
be due until such amount shall be paid in full, payable in arrears on the date such amount shall be paid in full and on demand,
at a rate per annum equal at all times to 1% per annum above the rate per annum required to be paid on such Revolving Credit Advance
pursuant to clause (a) above.

 

SECTION 2.09. Interest Rate
Determination. (a) The Agent shall give prompt notice (i) to the Company and the Lenders of the applicable interest rate determined
by the Agent for purposes of Section 2.08(a)(i) or (ii) and (ii) to the applicable Borrower the rate, if any, furnished by each
Swing Line Bank for the purpose of determining the interest rate under Section 2.08(a)(ii) (it being understood that the Agent
shall not be required to disclose to any party hereto (other than the Company and the applicable Borrower) any information regarding
any Swing Line Bank or any rate provided by such Swing Line Bank in accordance with such Section, including, without limitation,
whether a Swing Line Bank has provided a rate or the rate provided by any individual Swing Line Bank).

 

(b) If, with respect to any
Eurocurrency Rate Advances, the Majority Lenders notify the Agent that (i) they are unable to obtain matching deposits in the London
interbank market at or about 11:00 A.M. (London time) on the second Business Day before the making of a Borrowing in sufficient
amounts to fund their respective Revolving Credit Advances as part of such Borrowing during its Interest Period or (ii) the Eurocurrency
Rate for any Interest Period for such Advances will not adequately reflect the cost to such Majority Lenders of making, funding
or maintaining their respective Eurocurrency Rate Advances for such Interest Period, the Agent shall forthwith so notify each Borrower
and the Lenders, whereupon (A) such Borrower will, on the last
 
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day of the then existing Interest Period therefor,
(1) if such Eurocurrency Rate Advances are denominated in Dollars, either (x) prepay such Advances or (y) Convert such Advances
into Base Rate Advances and (2) if such Eurocurrency Rate Advances are denominated in any Major Currency, either (x) prepay such
Advances or (y) exchange such Advances into an Equivalent amount of Dollars and Convert such Advances into Base Rate Advances,
and (B) the obligation of the Lenders to make Eurocurrency Rate Advances in the same currency as such Eurocurrency Rate Advances
shall be suspended until the Agent shall notify each Borrower and the Lenders that the circumstances causing such suspension no
longer exist.

 

(c) If any Borrower, in requesting
a Revolving Credit Borrowing comprised of Eurocurrency Rate Advances, shall fail to select the duration of the Interest Period
for such Eurocurrency Rate Advances in accordance with the provisions contained in the definition of “Interest Period”
in Section 1.01, the Agent will forthwith so notify such Borrower and the Lenders and such Advances will (to the extent such Eurocurrency
Rate Advances remain outstanding on such day) automatically, on the last day of the then existing Interest Period therefor, (i)
if such Eurocurrency Rate Advances are denominated in Dollars, Convert into Base Rate Advances and (ii) if such Eurocurrency Rate
Advances are denominated in any Major Currency, be exchanged into an Equivalent amount of Dollars and be Converted into Base Rate
Advances.

 

(d) Upon the occurrence and
during the continuance of any Event of Default under Section 6.01(a), (i) each Eurocurrency Rate Advance will (to the extent such
Eurocurrency Rate Advance remains outstanding on such day) automatically, on the last day of the then existing Interest Period
therefor, (A) if such Eurocurrency Rate Advance is denominated in Dollars, be Converted into a Base Rate Advance and (B) if such
Eurocurrency Rate Advance is denominated in any Major Currency, be exchanged into an Equivalent amount of Dollars and Converted
into a Base Rate Advance and (ii) the obligation of the Lenders to make Eurocurrency Rate Advances shall be suspended.

 

(e) If the Reuters Page is
unavailable,

 

(i) the Agent shall
forthwith notify the relevant Borrower and the Lenders that the interest rate cannot be determined for such Eurocurrency Rate Advances
or LIBO Rate Advances, as the case may be,

 

(ii) with respect
to Eurocurrency Rate Advances, each such Advance will (to the extent such Eurocurrency Rate Advance remains outstanding on such
day) automatically, on the last day of the then existing Interest Period therefor, (A) if such Eurocurrency Rate Advance is denominated
in Dollars, be prepaid by the applicable Borrower or be automatically Converted into a Base Rate Advance and (B) if such Eurocurrency
Rate Advance is denominated in any Major Currency, be prepaid by the applicable Borrower or be automatically exchanged into an
Equivalent amount of Dollars and Converted into a Base Rate Advance (or if such Advance is then a Base Rate Advance, will continue
as a Base Rate Advance), and

 

(iii) the obligation
of the Lenders to make Eurocurrency Rate Advances or LIBO Rate Advances shall be suspended until the Agent shall notify the Borrowers
and the Lenders that the circumstances causing such suspension no longer exist.

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SECTION 2.10. Prepayments
of Revolving Credit Advances and Swing Line Advances. (a) Optional Prepayments. (i) Revolving Credit Advances.
Each Borrower may, upon notice to the Agent stating the proposed date and aggregate principal amount of the prepayment, given not
later than 11:00 A.M. (New York City time) on the second Business Day prior to the date of such proposed prepayment, in the case
of Eurocurrency Rate Advances, and not later than 11:00 A.M. (New York City time) on the day of such proposed prepayment, in the
case of Base Rate Advances, and, if such notice is given, such Borrower shall, prepay the outstanding principal amount of the Revolving
Credit Advances comprising part of the same Revolving Credit Borrowing in whole or ratably in part, together with accrued interest
to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment
shall be in an aggregate principal amount not less than $10,000,000 or the Equivalent thereof in a Major Currency (determined on
the date notice of prepayment is given) or an integral multiple of $1,000,000 or the Equivalent thereof in a Major Currency (determined
on the date notice of prepayment is given) in excess thereof and (y) in the event of any such prepayment of a Eurocurrency Rate
Advance other than on the last day of the Interest Period therefor, such Borrower shall be obligated to reimburse the Lenders in
respect thereof pursuant to Section
9.04(c). Each notice of prepayment by a Designated Subsidiary shall be given to the Agent through the Company.

 

(ii) Swing Line Advances.
Each Borrower may, upon notice to the Swing Line Agent by 9:00 A.M. (London time) on the date of the prepayment stating the aggregate
principal amount of the prepayment, and, if such notice is given such Borrower shall, prepay the outstanding principal amount of
the Swing Line Advances comprising part of the same Swing Line Borrowing in whole or ratably in part; provided, however,
that (x) each partial prepayment shall be in an aggregate principal amount of no less than €1,000,000 or $1,000,000, as the
case may be and (y) in the event of any such prepayment of a Swing Line Advance other than on the maturity date therefor, such
Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 9.04(c).

 

(b) Mandatory Prepayments.
(i) If, on any date, the sum of (A) the aggregate principal amount of all Advances denominated in Dollars then outstanding plus
(B) the Equivalent in Dollars (determined on the third Business Day prior to such date) of the aggregate principal amount of all
Advances denominated in Foreign Currencies then outstanding plus (C) the aggregate Available Amount of all Letters of Credit denominated
in Dollars then outstanding plus (D) the Equivalent in Dollars (determined on the third Business Day prior to such date) of the
aggregate Available Amount of all Letters of Credit denominated in Major Currencies then outstanding exceeds 103% of the aggregate
Commitments of the Lenders on such date, the Company and each other Borrower, if any, shall thereupon promptly prepay the outstanding
principal amount of any Advances owing by such Borrower in an aggregate amount (or deposit an amount in the Cash Deposit Account)
sufficient to reduce such sum (calculated on the basis of the Available Amount of Letters of Credit being reduced by the amount
in the Cash Deposit Account) to an amount not to exceed 100% of the aggregate Commitments of the Lenders on such date, together
with any interest accrued to the date of such prepayment on the principal amounts prepaid and, in the case of any prepayment of
a Eurocurrency Rate Advance, a LIBO Rate Advance or a Local Rate Advance on a date other than the last day of an Interest Period
or at its maturity, any additional amounts which such Borrower shall be obligated to reimburse to the Lenders in respect

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 thereof
pursuant to Section 9.04(c). The Agent shall give prompt notice of any prepayment required under this Section 2.10(b)(i) to the
Borrowers and the Lenders.

 

(ii) If, on any date, the
sum of (A) the Equivalent in Dollars of the aggregate principal amount of all Eurocurrency Rate Advances denominated in Major Currencies
then outstanding plus (B) the Equivalent in Dollars of the aggregate principal amount of all Competitive Bid Advances denominated
in Foreign Currencies then outstanding plus (C) the Equivalent in Dollars of the aggregate Available Amount of all Letters of Credit
denominated in Major Currencies then outstanding (in each case, determined on the third Business Day prior to such date), shall
exceed 110% of $500,000,000, the Company and each other Borrower shall prepay the outstanding principal amount of any such Eurocurrency
Rate Advances or any such LIBO Rate Advances owing by such Borrower, on the last day of the Interest Periods relating to such Advances,
in an aggregate amount (or deposit an amount in the Cash Deposit Account) sufficient to reduce such sum (calculated on the basis
of the Available Amount of Letters of Credit being reduced by the amount in the Cash Deposit Account) to an amount not to exceed
$500,000,000, together with any interest accrued to the date of such prepayment on the principal amounts prepaid. The Agent shall
give prompt notice of any prepayment required under this Section 2.10(b)(ii) to the Borrowers and the Lenders. Prepayments under
this Section 2.10(b)(ii) shall be allocated first to Swing Line Advances, ratably among the Swing Line Banks; and any excess amount
shall then be allocated to Revolving Credit Advances comprising part of the same Revolving Credit Borrowing selected by the applicable
Borrower, ratably among the Lenders.

 

SECTION 2.11. Increased Costs.
(a) If, due to either (i) the introduction of or any change in or in the interpretation of any law or regulation or (ii) the compliance
with any guideline or request from any central bank or other governmental authority including, without

limitation, any agency of the European Union or
similar monetary or multinational authority (whether or not having the force of law), there shall be any increase in the cost to
any Lender of agreeing to make or making, funding or maintaining Eurocurrency Rate Advances or LIBO Rate Advances or agreeing to
issue or of issuing or maintaining or participating in Letters of Credit (excluding for purposes of this Section 2.11 any such
increased costs resulting from (i) Taxes or Other Taxes (as to which Section 2.14 shall govern) and (ii) changes in the basis of
taxation of overall net income or overall gross income by the United States or by the foreign jurisdiction or state under the laws
of which such Lender is organized or has its Applicable Lending Office or any political subdivision thereof), then the Borrower
of such Advances shall from time to time, upon demand by such Lender (with a copy of such demand to the Agent), pay to the Agent
for the account of such Lender additional amounts sufficient to compensate such Lender for such increased cost. A certificate as
to the amount of such increased cost, submitted to such Borrower and the Agent by such Lender, shall be conclusive and binding
for all purposes, absent manifest error. For the avoidance of doubt, this Section 2.11(a) shall apply to all requests, rules, guidelines
or directives issued in connection with the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules,
guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or
any successor or similar authority) or the United States financial regulatory authorities, in each case pursuant to Basel III,
regardless of the date adopted, issued, promulgated or implemented.

 

(b) If any Lender determines
that compliance with any law or regulation or any guideline or request from any central bank or other governmental authority including,
without

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 limitation, any agency of the European Union or similar monetary or multinational authority (whether or not having the
force of law) affects or would affect the amount of capital required or expected to be maintained by such Lender or any corporation
controlling such Lender and that the amount of such capital is increased by or based upon the existence of such Lender’s
commitment to lend or to issue or participate in Letters of Credit hereunder and other commitments of this type or the issuance
of or participation in the Letters of Credit (or similar contingent obligations) hereunder, then, upon demand by such Lender (with
a copy of such demand to the Agent), the Company shall pay to the Agent for the account of such Lender, from time to time as specified
by such Lender, additional amounts sufficient to compensate such Lender or such corporation in the light of such circumstances,
to the extent that such Lender reasonably determines such increase in capital to be allocable to the existence of such Lender’s
commitment to lend hereunder. A certificate as to such amounts submitted to the Company and the Agent by such Lender shall be conclusive
and binding for all purposes, absent manifest error. For the avoidance of doubt, this Section 2.11(b) shall apply to all requests,
rules, guidelines or directives concerning capital adequacy issued in connection with the Dodd-Frank Wall Street Reform and Consumer
Protection Act and all requests, rules, guidelines or directives concerning capital adequacy promulgated by the Bank for International
Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States financial
regulatory authorities, in each case pursuant to Basel III, regardless of the date adopted, issued, promulgated or implemented.

 

(c) Any Lender claiming any
additional amounts payable pursuant to this Section 2.11 shall, upon the written request of the Company delivered to such Lender
and the Agent, assign, pursuant to and in accordance with the provisions of Section 9.06, all of its rights and obligations under
this Agreement and under the Notes to an Eligible Assignee selected by the Company; provided, however, that (i) no
Default shall have occurred and be continuing at the time of such request and at the time of such assignment; (ii) the assignee
shall have paid to the assigning Lender the aggregate principal amount of, and any interest accrued and unpaid to the date of such
assignment on, the Note or Notes of such Lender; (iii) the Company shall have paid to the assigning Lender any and all commitment
fees and other fees payable to such Lender and all other accrued and unpaid amounts owing to such Lender under any provision of
this Agreement (including, but not limited to, any increased costs or other additional amounts owing under this Section 2.11 and
Section 9.04(c), and any indemnification for Taxes under Section 2.14) as of the effective date of such assignment and (iv) if
the assignee selected by the Company is not an existing Lender, such assignee or the Company shall have paid the processing and
recordation fee required under Section 9.06(a) for such assignment; provided further that the assigning Lender’s
rights under Sections 2.11, 2.14 and 9.04, and its obligations under Section 8.05, shall survive such assignment as to matters
occurring prior to the date of assignment.

 

(d) Failure or delay on the
part of any Lender to demand compensation pursuant to this Section shall not constitute a waiver of such Lender’s right to
demand such compensation; provided that the Company shall not be required to compensate a Lender pursuant to this Section
for any increased costs or reductions incurred more than 90 days prior to the date that such Lender notifies the Company of the
change or circumstance giving rise to such increased costs or reductions and of such Lender’s intention to claim compensation
therefor; provided further that, if the change or circumstance giving rise to such increased costs or reductions
is retroactive, then the 90 day period referred to above shall be extended to include the period of retroactive effect thereof.

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(e) Notwithstanding any other
provision in this Section, no Lender shall demand compensation for any increased cost pursuant to this Section 2.11 if it shall
not at the time be the general policy or practice of such Lender to demand such compensation in similar circumstances under comparable
provisions of other credit agreements; provided that no Lender shall be required to disclose any confidential or proprietary information
in respect of such demand.

 

SECTION 2.12. Illegality.
Notwithstanding any other provision of this Agreement, if any Lender shall notify the Agent that the introduction of or any change
in or in the interpretation of any law or regulation makes it unlawful, or any central bank or other governmental authority asserts
that it is unlawful, for any Lender or its Eurocurrency Lending Office to perform its obligations hereunder to make Eurocurrency
Rate Advances in Dollars or any Major Currency, LIBO Rate Advances in Dollars or in any Foreign Currency or Swing Line Advances
in Euros or to fund or maintain Eurocurrency Rate Advances in Dollars or in any Major Currency, LIBO Rate Advances in Dollars or
in any Foreign Currency or Swing Line Advances in Euros hereunder, (a) each such Eurocurrency Rate Advance, such LIBO Rate Advance
or Swing Line Advance, as the case may be, will automatically, upon such demand, (i) if such Eurocurrency Rate Advance or LIBO
Rate Advance is denominated in Dollars, be Converted into a Base Rate Advance or an Advance that bears interest at the rate set
forth in Section 2.08(a)(i), as the case may be, and (ii) if such Eurocurrency Rate Advance, LIBO Rate Advance or Swing Line Advance
is denominated in any Foreign Currency, be exchanged into an Equivalent amount of Dollars and Converted into a Base Rate Advance
or an Advance that bears interest at the rate set forth in Section 2.08(a)(i), as the case may be, and (b) the obligation of the
Lenders to make such Eurocurrency Rate Advances, such LIBO Rate Advances or such Swing Line Advances shall be suspended until the
Agent shall notify the Company and the Lenders that the circumstances causing such suspension no longer exist.

 

SECTION 2.13. Payments and
Computations. (a) Each Borrower shall make each payment hereunder and under any Notes, except with respect to principal of,
interest on, and other amounts relating to, Advances denominated in a Foreign Currency, not later than 11:00 A.M. (New York City
time) on the day when due in Dollars to the Agent at the applicable Agent’s Account in same day funds without set-off, counterclaim
or deduction of any kind. Each Borrower shall make each payment hereunder and under any Notes with respect to principal of, interest
on, and other amounts relating to Advances denominated in a Foreign Currency not later than 12:00 Noon (at the Payment Office for
such Foreign Currency) on the day when due in such Foreign Currency to the Agent in same day funds by deposit of such funds to
the applicable Agent’s Account without set-off, counterclaim or deduction of any kind. The Agent will promptly thereafter
cause to be distributed like funds relating to the payment of principal, interest, commitment fees or Letter of Credit fees ratably
(other than amounts payable pursuant to Section 2.03, 2.04(c), 2.05(b)(ii), 2.06(b), 2.06(c), 2.11, 2.14 or 9.04(c)) to the Lenders
for the account of their respective Applicable Lending Offices, and like funds relating to the payment of any other amount payable
to any Lender to such Lender for the account of its Applicable Lending Office, in each case to be applied in accordance with the
terms of this Agreement. Upon any Assuming Lender becoming a Lender hereunder as a result of a Commitment Increase pursuant to
Section 2.18 or an extension of the Termination Date pursuant to Section 2.19, and upon the Agent’s receipt of such Lender’s
Assumption Agreement and recording of the information contained therein in the Register, from and after the applicable Increase
Date or Extension Date, as the case may be, the Agent shall make all payments hereunder and under any Notes issued in

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connection therewith in respect of the interest
assumed thereby to the Assuming Lender. Upon its acceptance of an Assignment and Assumption and recording of the information contained
therein in the Register pursuant to Section 9.06(c), from and after the effective date specified in such Assignment and Assumption,
the Agent shall make all payments hereunder and under any Notes in respect of the interest assigned thereby to the Lender assignee
thereunder, and the parties to such Assignment and Assumption shall make all appropriate adjustments in such payments for periods
prior to such effective date directly between themselves.

 

(b) All computations of interest
based on the Base Rate and of commitment fees shall be made by the Agent on the basis of a year of 365 or 366 days, as the case
may be, all computations of interest on Swing Line Advances or based on the Eurocurrency Rate (including the Overnight Eurocurrency
Rate) or the Federal Funds Rate and of Letter of Credit fees shall be made by the Agent on the basis of a year of 360 days and
all computations in respect of Competitive Bid Advances shall be made by the Agent or the Sub-Agent, as the case may be, as specified
in the applicable Notice of Competitive Bid Borrowing (or, in each case of Advances denominated in Foreign Currencies where market
practice differs, in accordance with market practice), in each case for the actual number of days (including the first day but
excluding the last day) occurring in the period for which such interest, commitment fees or Letter of Credit fees are payable.
Each determination by the Agent of an interest rate hereunder shall be conclusive and binding for all purposes, absent manifest
error.

 

(c) Whenever any payment
hereunder or under the Notes shall be stated to be due on a day other than a Business Day, such payment shall be made on the next
succeeding Business Day, and such extension of time shall in such case be included in the computation of payment of interest, commitment
fee or Letter of Credit fee, as the case may be; provided, however, that, if such extension would cause payment of
interest on or principal of Eurocurrency Rate Advances or LIBO Rate Advances to be made in the next following calendar month, such
payment shall be made on the next preceding Business Day.

 

(d) Unless the Agent shall
have received notice from any Borrower prior to the date on which any payment is due to the Lenders hereunder that such Borrower
will not make such payment in full, the Agent may assume that such Borrower has made such payment in full to the Agent on such
date and the Agent may, in reliance upon such assumption, cause to be distributed to each Lender on such due date an amount equal
to the amount then due such Lender. If and to the extent such Borrower shall not have so made such payment in full to the Agent,
each Lender shall repay to the Agent forthwith on demand such amount distributed to such Lender together with interest thereon,
for each day from the date such amount is distributed to such Lender until the date such Lender repays such amount to the Agent,
at (i) the Federal Funds Rate in the case of Advances denominated in Dollars or (ii) the cost of funds incurred by the Agent in
respect of such amount in the case of Advances denominated in Foreign Currencies.

 

SECTION 2.14. Taxes.
(a) Except as otherwise provided in this Section 2.14, any and all payments by or on behalf of any Borrower (including the Company
in its capacity as a guarantor under Article VII hereof) hereunder or under the Notes shall be made, in accordance with Section
2.13, free and clear of and without deduction for any and all present or future taxes, levies, imposts, deductions, charges or
withholdings, and all liabilities with respect thereto, excluding, (i) in the case of each Lender and the Agent, (A) net
income taxes imposed by the

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United States or any State thereof and taxes imposed
on its overall net income, and franchise taxes imposed on it in lieu of net income taxes, by the jurisdiction under the laws of
which such Lender or the Agent (as the case may be) is organized or any political subdivision thereof and (B) any United States
withholding taxes resulting from FATCA and, (ii) in the case of each Lender, taxes imposed on its overall net income, and franchise
taxes imposed on it in lieu of net income taxes, by the jurisdiction of such Lender’s Applicable Lending Office or any political
subdivision thereof (all such non-excluded taxes, levies, imposts, deductions, charges, withholdings and liabilities in respect
of payments hereunder or under the Notes being hereinafter referred to as “Taxes”). If any Borrower (including
the Company in its capacity as a guarantor under Article VII hereof) shall be required by law to deduct any Taxes from or in respect
of any sum payable hereunder or under any Note to any Lender or the Agent, (i) the sum payable shall be increased as may be necessary
so that after making all required deductions (including deductions applicable to additional sums payable under this Section 2.14)
such Lender or the Agent (as the case may be) receives an amount equal to the sum it would have received had no such deductions
been made, (ii) such Borrower shall make such deductions and (iii) such Borrower shall pay the full amount deducted to the relevant
taxation authority or other authority in accordance with applicable law.

 

(b) In addition, each Borrower
agrees to pay any present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies
that arise from any payment made hereunder or under the Notes or from the execution, delivery or registration of, performing under,
or otherwise with respect to, this Agreement or the Notes (hereinafter referred to as “Other Taxes”).

 

(c) Each Borrower shall indemnify
each Lender and the Agent for the full amount of Taxes or Other Taxes (including, without limitation, any taxes imposed by any
jurisdiction on amounts payable under this Section 2.14) imposed on or paid by such Lender or the Agent (as the case may be) and
any liability (including penalties, interest and expenses) arising therefrom or with respect thereto; provided, however,
that a Borrower shall not be obligated to pay any amounts in respect of penalties, interest or expenses pursuant to this paragraph
that are payable solely as a result of (i) the failure on the part of the pertinent Lender or the Agent to pay over those amounts
received from the Borrowers under this clause (c) or (ii) the gross negligence or willful misconduct on the part of the pertinent
Lender or the Agent. This indemnification shall be made within 30 days from the date such Lender or the Agent (as the case may
be) makes written demand therefor. Each Lender agrees to provide reasonably prompt notice to the Agent, the Company and any Borrower
of any imposition of Taxes or Other Taxes against such Lender; provided that failure to give such notice shall not affect
such Lender’s rights to indemnification hereunder. Each Lender agrees that it will, promptly upon a request by the Company
or a Borrower having made an indemnification payment hereunder, furnish to the Company or such Borrower, as the case may be, such
evidence as is reasonably available to such Lender as to the payment of the relevant Taxes or Other Taxes, and that it will, if
requested by the Company or such Borrower, cooperate with the Company or such Borrower, as the case may be, in its efforts to obtain
a refund or similar relief in respect of such payment.

 

(d) Within 30 days after
the date of any payment of Taxes by a Borrower under subsection (a) above, each Borrower shall furnish to the Agent, at its address
referred to in Section 9.02, the original or a certified copy of a receipt evidencing payment thereof. In the case of any payment
hereunder or under the Notes by or on behalf of any Borrower through an account

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or branch outside the United States or by or on
behalf of any Borrower by a payor that is not a United States person, if such Borrower determines that no Taxes are payable in
respect thereof, such Borrower shall furnish, or shall cause such payor to furnish, to the Agent, at such address, an opinion of
counsel acceptable to the Agent stating that such payment is exempt from Taxes. For purposes of this subsection (d) and subsection
(e), the terms “United States” and “United States person” shall have the meanings specified
in Section 7701 of the Internal Revenue Code.

 

(e) (i) Each Lender organized
under the laws of a jurisdiction outside the United States, on or prior to the date of its execution and delivery of this Agreement
in the case of each Initial Lender, on the date of the Assumption Agreement or the Assignment and Assumption pursuant to which
it becomes a Lender in the case of each other Lender and on the date it changes its Applicable Lending Office in the case of any
Lender, and from time to time thereafter as requested in writing by any Borrower (unless a change in law renders such Lender unable
lawfully to do so), shall provide the Agent and each Borrower with two original Internal Revenue Service forms W-8ECI or W-8BEN,
as appropriate, or any successor or other form prescribed by the Internal Revenue Service, certifying that such Lender is exempt
from or entitled to a reduced rate of United States withholding tax on payments pursuant to this Agreement or the Notes. In addition,
each Lender further agrees to provide any Borrower with any form or document as any Borrower may reasonably request which is required
by any taxing authority outside the United States in order to secure an exemption from, or reduction in the rate of, withholding
tax in such jurisdiction, if available to such Lender. If the forms provided by a Lender at the time such Lender first becomes
a party to this Agreement or changes its Applicable Lending Office indicate a United States interest withholding tax rate in excess
of zero, withholding tax at such rate shall be considered excluded from Taxes unless and until such Lender provides the appropriate
forms certifying that a lesser rate applies, whereupon withholding tax at such lesser rate only shall be considered excluded from
Taxes for periods governed by such form; provided, however, that, in the case of a Lender that initially becomes
a party to this Agreement pursuant to an assignment in accordance with Section 9.06 or a Lender that undertakes a change in its
Applicable Lending Office, the term Taxes shall include (in addition to withholding taxes that may be imposed in the future or
other amounts otherwise includable in Taxes) United States withholding tax, if any, applicable on the date of such assignment or
change with respect to the assignee Lender or Lender after the change in Applicable Lending Office, but only to the extent of United
States withholding tax included in Taxes, if any, applicable on the date of such assignment or change with respect to the assignor
Lender or Lender prior to such change in Applicable Lending Office. If any form or document referred to in this subsection (e)
requires the disclosure of information, other than information necessary to compute the tax payable and information required on
the date hereof by Internal Revenue Service form W-8ECI or W-8BEN, that a Lender reasonably considers to be confidential, such
Lender shall give notice thereof to each Borrower and shall not be obligated to include in such form or document such confidential
information.

 

(ii) In addition, if a payment
made to a Lender hereunder or under the Notes would be subject to United States 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 Internal Revenue Code, as applicable), such Lender shall deliver to the Company and the Agent, at the time or times prescribed
by law and at such time or times reasonably requested by the Company or the Agent, such documentation prescribed by applicable
law (including as prescribed by Section 1471(b)(3)(C)(i) of the Internal Revenue Code) and such

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additional documentation reasonably requested by
the Company or the Agent as may be necessary for each Borrower or the Agent to comply with its obligations under FATCA, to determine
that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold
from such payment.

 

(f) For any period with respect
to which a Lender has failed to provide each Borrower with the appropriate form described in Section 2.14(e) (other than
if such failure is due to a change in law occurring subsequent to the date on which a form originally was required to be provided),
such Lender shall not be entitled to indemnification under Section 2.14(a) or (c) with respect to Taxes imposed by the United States
by reason of such failure; provided, however, that should a Lender become subject to Taxes because of its failure
to deliver a form required hereunder, each Borrower shall take such steps as such Lender shall reasonably request to assist such
Lender to recover such Taxes.

 

(g) If any Borrower is required
to pay any additional amount to any Lender or to the Agent or on behalf of any of them to any taxing authority pursuant to this
Section 2.14, such Lender shall, upon the written request of the Company delivered to such Lender and the Agent, assign, pursuant
to and in accordance with the provisions of Section 9.06, all of its rights and obligations under this Agreement and under the
Notes to an Eligible Assignee selected by the Company; provided, however, that (i) no Default shall have occurred
and be continuing at the time of such request and at the time of such assignment; (ii) the assignee shall have paid to the assigning
Lender the aggregate principal amount of, and any interest accrued and unpaid to the date of such assignment on, the Note or Notes
of such Lender; (iii) the Company shall have paid to the assigning Lender any and all commitment fees and other fees payable to
such Lender and all other accrued and unpaid amounts owing to such Lender under any provision of this Agreement (including, but
not limited to, any increased costs or other additional amounts owing under Section 2.11, any break funding costs under Section
9.04(c) and any indemnification for Taxes under this Section 2.14) as of the effective date of such assignment; and (iv) if the
assignee selected by the Company is not an existing Lender, such assignee or the Company shall have paid the processing and recordation
fee required under Section 9.06(a) for such assignment; provided further that the assigning Lender’s rights
under Sections 2.11, 2.14 and 9.04, and its obligations under Section 8.05, shall survive such assignment as to matters occurring
prior to the date of assignment.

 

SECTION 2.15. Sharing of
Payments, Etc. If any Lender shall obtain any payment (whether voluntary, involuntary, through the exercise of any right of
setoff, if any, or otherwise) on account of the Revolving Credit Advances or Swing Line Advances owing to it (other than pursuant
to Section 2.03, 2.04(c), 2.06(b), 2.06(c), 2.11, 2.14 or 9.04(c)) in excess of its Ratable Share of payments on account of the
Revolving Credit Advances or Swing Line Advances obtained by all the Lenders, such Lender shall forthwith purchase from the other
Lenders such participations in the Revolving Credit Advances or Swing Line Advances owing to them as shall be necessary to cause
such purchasing Lender to share the excess payment ratably with each of them; provided, however, that if all or any
portion of such excess payment is thereafter recovered from such purchasing Lender, such purchase from each Lender shall be rescinded
and such Lender shall repay to the purchasing Lender the purchase price to the extent of such recovery together with an amount
equal to such Lender’s ratable share (according to the proportion of (i) the amount of such Lender’s required repayment
to (ii) the total amount so recovered from the purchasing Lender) of any interest or other amount paid or payable by the purchasing
Lender in respect of the

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total amount so recovered. Each Borrower agrees
that any Lender so purchasing a participation from another Lender pursuant to this Section 2.15 may, to the fullest extent permitted
by law, exercise all its rights of payment (including the right of setoff, if any) with respect to such participation as fully
as if such Lender were the direct creditor of such Borrower in the amount of such participation.

 

SECTION 2.16. Use of Proceeds.
The proceeds of the Advances shall be available (and each Borrower agrees that it shall use such proceeds) for general corporate
purposes of such Borrower and its Subsidiaries. No Borrower will request any Borrowing or Letter of Credit, and no Borrower or
its Subsidiaries shall use, and each Borrower shall use commercially reasonable efforts to procure that it and its Subsidiaries’
respective directors, officers, employees and agents shall not use, the proceeds of any Borrowing or Letter of Credit (i) in
furtherance of a corrupt offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of
value, to any Person in a manner which constitutes (x) a violation of the Bribery Act, (y) a violation of the FCPA or (z)
a material violation of any other Anti-Corruption Laws, (ii) for the purpose of funding or financing any activities, business or
transaction of or with any Sanctioned Person, or in any Sanctioned Country, or (iii) in any manner that would result in the violation
of any Sanctions applicable to any party hereto.

 

SECTION 2.17. Evidence of
Debt. (a) Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing the indebtedness
of each Borrower to such Lender resulting from each Revolving Credit Advance owing to such Lender from time to time, including
the amounts of principal and interest payable and paid to such Lender from time to time hereunder in respect of Revolving Credit
Advances. Each Borrower agrees that upon request of any Lender to such Borrower (with a copy of such notice to the Agent) that
such Lender receive a Revolving Credit Note to evidence (whether for purposes of pledge, enforcement or otherwise) the Revolving
Credit Advances owing to, or to be made by, such Lender, such Borrower shall promptly execute and deliver to such Lender a Revolving
Credit Note payable to the order of such Lender in a principal amount up to the Revolving Credit Commitment of such Lender.

 

(b) The Register maintained
by the Agent pursuant to Section 9.06(c) shall include a control account, and a subsidiary account for each Lender, in which accounts
(taken together) shall be recorded (i) the date and amount of each Borrowing made hereunder, the Type of Advances comprising such
Borrowing and, if appropriate, the Interest Period applicable thereto, (ii) the terms of each Assumption Agreement and each Assignment
Acceptance delivered to and accepted by it, (iii) the amount of any principal or interest due and payable or to become due and
payable from each Borrower to each Lender hereunder and (iv) the amount of any sum received by the Agent from each Borrower hereunder
and each Lender’s share thereof.

 

(c) Entries made in good
faith by the Agent in the Register pursuant to subsection (b) above, and by each Lender in its account or accounts pursuant to
subsection (a) above, shall be prima facie evidence of the amount of principal and interest due and payable or to
become due and payable from the Borrowers to, in the case of the Register, each Lender and, in the case of such account or accounts,
such Lender, under this Agreement, absent manifest error; provided, however, that the failure of the Agent or such
Lender to make an entry, or any finding that an entry is incorrect, in the Register or such account or accounts shall not limit
or otherwise affect the obligations of any Borrower under this Agreement.

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SECTION 2.18. Increase in
the Aggregate Revolving Credit Commitments. (a) The Company may, at any time but in any event not more than once in any calendar
year prior to the Termination Date, by notice to the Agent, request that the aggregate amount of the Revolving Credit Commitments
be increased by an amount of $25,000,000 or an integral multiple thereof (each a “Commitment Increase”) to be
effective as of a date that is at least 90 days prior to the earliest scheduled Termination Date then in effect (the “Increase
Date”) as specified in the related notice to the Agent; provided, however that (i) in no event shall the
aggregate amount of the Revolving Credit Commitments at any time exceed $4,500,000,000 and (ii) on the date of any request by the
Company for a Commitment Increase and on the related Increase Date the applicable conditions set forth in Section 3.03 shall be
satisfied.

 

(b) The Agent shall promptly
notify the Lenders of a request by the Company for a Commitment Increase, which notice shall include (i) the proposed amount of
such requested Commitment Increase, (ii) the proposed Increase Date and (iii) the date by which Lenders wishing to participate
in the Commitment Increase must commit to an increase in the amount of their respective Revolving Credit Commitments (the “Commitment
Date”). Each Lender that is willing to participate in such requested Commitment Increase (each an “Increasing
Lender”) shall, in its sole discretion, give written notice to the Agent on or prior to the Commitment Date of the amount
by which it is willing to increase its Revolving Credit Commitment. If the Lenders notify the Agent that they are willing to increase
the amount of their respective Revolving Credit Commitments by an aggregate amount that exceeds the amount of the requested Commitment
Increase, the requested Commitment Increase shall be allocated among the Lenders willing to participate therein in such amounts
as are agreed between the Company and the Agent. Each Lender’s proposed increased Revolving Credit Commitment shall be subject
to the prior written approval of each Issuing Bank and each Swing Line Bank, which consent shall not be unreasonably withheld or
delayed.

 

(c) Promptly following each
Commitment Date, the Agent shall notify the Company as to the amount, if any, by which the Lenders are willing to participate in
the requested Commitment Increase. If the aggregate amount by which the Lenders are willing to participate in any requested Commitment
Increase on any such Commitment Date is less than the requested Commitment Increase, then the Company may extend offers to one
or more Eligible Assignees approved by each Issuing Bank and each Swing Line Bank (which approval shall not be unreasonably withheld
or delayed) to participate in any portion of the requested Commitment Increase that has not been committed to by the Lenders as
of the applicable Commitment Date; provided, however, that the Revolving Credit Commitment of each such Eligible
Assignee shall be in an amount of $25,000,000 or an integral multiple thereof.

 

(d) On each Increase Date,
each Eligible Assignee that accepts an offer to participate in a requested Commitment Increase in accordance with Section 2.18(c)
(each such Eligible Assignee and each Eligible Assignee that agrees to an extension of the Termination Date in accordance with
Section 2.19(c), an “Assuming Lender”) shall become a Lender party to this Agreement as of such Increase Date
and the Revolving Credit Commitment of each Increasing Lender for such requested Commitment Increase shall be so increased by such
amount (or by the amount allocated to such Lender pursuant to the last sentence of Section 2.18(b)) as of such Increase Date; provided,
however, that the Agent shall have received on or before such Increase Date the following, each dated such date:

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(i) (A) certified copies
of resolutions of the Board of Directors of the Company or the Executive Committee of such Board approving the Commitment Increase
and the corresponding modifications to this Agreement and (B) an opinion of counsel for the Company (which may be in-house counsel),
in substantially the form of Exhibit E hereto;

 

(ii) an assumption
agreement from each Assuming Lender, if any, in form and substance satisfactory to the Company and the Agent (each an “Assumption
Agreement”), duly executed by such Eligible Assignee, the Agent and the Company; and

 

(iii) confirmation
from each Increasing Lender of the increase in the amount of its Revolving Credit Commitment in a writing satisfactory to the Company
and the Agent.

 

On each Increase Date, upon fulfillment of the
conditions set forth in the immediately preceding sentence of this Section 2.18(d), the Agent shall notify the Lenders (including,
without limitation, each Assuming Lender) and the Company, on or before 1:00 P.M. (New York City time), by telecopier, of the occurrence
of the Commitment Increase to be effected on such Increase Date and shall record in the Register the relevant information with
respect to each Increasing Lender and each Assuming Lender on such date. Each Increasing Lender and each Assuming Lender shall,
before 2:00 P.M. (New York City time) on the Increase Date, purchase that portion of outstanding Advances of the other Lenders
or take such other actions as the Agent may determine to be necessary to cause the Advances and funded and unfunded participations
in Swing Line Advances and Letters of Credit to be held on a pro rata basis by the Lenders in accordance with their Ratable Shares
(calculated based on their Revolving Credit Commitments as a percentage of the aggregate Revolving Credit Commitments outstanding
after giving effect to the relevant Commitment Increase).

 

SECTION 2.19. Extension of
Termination Date. (a) At least 45 days but not more than 60 days prior to any anniversary of the Restatement Date, the Company,
by written notice to the Agent, may request an extension of the Termination Date in effect at such time by one year from its then
scheduled expiration. The Agent shall promptly notify each Lender of such request, and each Lender shall in turn, in its sole discretion,
not later than 20 days prior to such anniversary date, notify the Company and the Agent in writing as to whether such Lender will
consent to such extension. If any Lender shall fail to notify the Agent and the Company in writing of its consent to any such request
for extension of the Termination Date at least 20 days prior to the applicable anniversary date, such Lender shall be deemed to
be a Non-Consenting Lender with respect to such request. The Agent shall notify the Company not later than 15 days prior to the
applicable anniversary date of the decision of the Lenders regarding the Company’s request for an extension of the Termination
Date.

 

(b) If all the Lenders consent
in writing to any such request in accordance with subsection (a) of this Section 2.19, the Termination Date in effect at such time
shall, effective as at the applicable anniversary date (the “Extension Date”), be extended for one year; provided
that on each Extension Date the applicable conditions set forth in Section 3.03 shall be satisfied. If fewer than all of the Lenders
consent in writing to any such request in accordance with subsection (a) of this Section 2.19, the Termination Date in effect at
such time shall, effective as at the applicable Extension Date and subject to subsection (d) of this Section 2.19, be extended
as to those Lenders that so consented (each a “Consenting Lender”) but shall not be extended as to any other
Lender

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(each a “Non-Consenting Lender”).
To the extent that the Termination Date is not extended as to any Lender pursuant to this Section 2.19 and the Commitment of such
Lender is not assumed in accordance with subsection (c) of this Section 2.19 on or prior to the applicable Extension Date, each
Commitment of such Non-Consenting Lender shall automatically terminate in whole on such unextended Termination Date without any
further notice or other action by the Company, such Lender or any other Person; provided that such Non-Consenting Lender’s
rights under Sections 2.11, 2.14 and 9.04, and its obligations under Section 8.05, shall survive the Termination Date for such
Lender as to matters occurring prior to such date. It is understood and agreed that no Lender shall have any obligation whatsoever
to agree to any request made by the Company for any requested extension of the Termination Date. The failure of a Lender to respond
to a notice of such an increase will be deemed an election by such Lender not to participate therein.

 

(c) If fewer than all of
the Lenders consent to any such request pursuant to subsection (a) of this Section 2.19, the Agent shall promptly so notify the
Consenting Lenders, and each Consenting Lender may, in its sole discretion, give written notice to the Agent not later than 10
days prior to the Termination Date of the amount of the Non-Consenting Lenders’ Commitments for which it is willing to accept
an assignment. If the Consenting Lenders notify the Agent that they are willing to accept assignments of Commitments in an aggregate
amount that exceeds the amount of the Commitments of the Non-Consenting Lenders, such Commitments shall be allocated among the
Consenting Lenders willing to accept such assignments in such amounts as are agreed between the Company and the Agent. If after
giving effect to the assignments of Commitments described above there remain any Commitments of Non-Consenting Lenders, the Company
may arrange for one or more Consenting Lenders or other Eligible Assignees approved by each Issuing Bank and each Swing Line Bank
(which approval shall not be unreasonably withheld or delayed) as Assuming Lenders to assume, effective as of the Extension Date,
any Non-Consenting Lender’s Commitment and all of the obligations of such Non-Consenting Lender under this Agreement thereafter
arising, without recourse to or warranty by, or expense to, such Non-Consenting Lender; provided, however, that the
amount of the Commitment of any such Assuming Lender as a result of such substitution shall in no event be less than $25,000,000
unless the amount of the Commitment of such Non-Consenting Lender is less than $25,000,000, in which case such Assuming Lender
shall assume all of such lesser amount; and provided further that:

 

(i) any such Consenting
Lender or Assuming Lender shall have paid to such Non-Consenting Lender (A) the aggregate principal amount of, and any interest
accrued and unpaid to the effective date of the assignment on, the outstanding Advances, if any, of such Non-Consenting Lender
plus (B) any accrued but unpaid commitment fees owing to such Non-Consenting Lender as of the effective date of such assignment;

 

(ii) all additional
costs reimbursements, expense reimbursements and indemnities payable to such Non-Consenting Lender, and all other accrued and unpaid
amounts owing to such Non-Consenting Lender hereunder, as of the effective date of such assignment shall have been paid to such
Non-Consenting Lender; and

 

(iii) with respect
to any such Assuming Lender, the applicable processing and recordation fee required under Section 9.06(a) for such assignment shall
have been paid;

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provided further that such Non-Consenting
Lender’s rights under Sections 2.11, 2.14 and 9.04, and its obligations under Section 8.05, shall survive such substitution
as to matters occurring prior to the date of substitution. At least three Business Days prior to any Extension Date, (A) each such
Assuming Lender, if any, shall have delivered to the Company and the Agent an Assumption Agreement, duly executed by such Assuming
Lender, such Non-Consenting Lender, the Company and the Agent, (B) any such Consenting Lender shall have delivered confirmation
in writing satisfactory to the Company and the Agent as to the increase in the amount of its Commitment and (C) each Non-Consenting
Lender being replaced pursuant to this Section 2.19 shall have delivered to the Agent any Note or Notes held by such Non-Consenting
Lender. Upon the payment or prepayment of all amounts referred to in clauses (i), (ii) and (iii) of the immediately preceding sentence,
each such Consenting Lender or Assuming Lender, as of the Extension Date, will be substituted for such Non-Consenting Lender under
this Agreement and shall be a Lender for all purposes of this Agreement, without any further acknowledgment by or the consent of
the other Lenders, and the obligations of each such Non-Consenting Lender hereunder shall, by the provisions hereof, be released
and discharged.

 

(d) If (after giving effect
to any assignments or assumptions pursuant to subsection (c) of this Section 2.19) Lenders having Revolving Credit Commitments
equal to at least 50% of the Revolving Credit Commitments in effect immediately prior to the Extension Date consent in writing
to a requested extension (whether by execution or delivery of an Assumption Agreement or otherwise) not later than one Business
Day prior to such Extension Date, the Agent shall so notify the Company, and, subject to the satisfaction of the applicable conditions
in Section 3.03, the Termination Date then in effect shall be extended for the additional one-year period as described in subsection
(a) of this Section 2.19, and all references in this Agreement, and in the Notes, if any, to the “Termination Date”
shall, with respect to each Consenting Lender and each Assuming Lender for such Extension Date, refer to the Termination Date as
so extended. Promptly following each Extension Date, the Agent shall notify the Lenders (including, without limitation, each Assuming
Lender) of the extension of the scheduled Termination Date in effect immediately prior thereto and shall thereupon record in the
Register the relevant information with respect to each such Consenting Lender and each such Assuming Lender.

 

SECTION 2.20. Defaulting
Lenders. (a) If any Swing Line Advances or Letters of Credit are outstanding at the time a Lender becomes a Defaulting Lender,
and the Commitments have not been terminated in accordance with Section 6.01, then:

 

(i) so long as no
Default has occurred and is continuing, all or any part of the participations in Swing Line Advances and the Available Amount of
outstanding Letters of Credit shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Ratable
Shares (disregarding any Defaulting Lender’s Revolving Credit Commitment) but only to the extent that the sum of (A) the
aggregate principal amount of all Advances made by such Non-Defaulting Lenders (in their capacity
as Lenders) and outstanding at such time, plus (B) such Non-Defaulting Lenders’ Ratable Shares (before giving effect to the
reallocation contemplated herein) of the Available Amount of all outstanding Swing Line Advances and Letters of Credit, plus (C)
the aggregate principal amount of all Advances made by each Swing Line Bank and each Issuing Bank pursuant to Section 2.04(c) that
have not been ratably funded by such

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 Non-Defaulting Lenders and outstanding at such time, plus (D) such Defaulting Lender’s
Ratable Share of such outstanding Swing Line Advances and the Available Amount of such Letters of Credit, does not exceed the total
of all Non-Defaulting Lenders’ Revolving Credit Commitments, and the respective revolving extensions of credit of each Non-Defaulting
Lender do not exceed such Non-Defaulting Lender’s Revolving Credit Commitment;

 

(ii) if the reallocation
described in clause (i) above cannot, or can only partially, be effected, the Borrowers shall within one Business Day following
notice by any Swing Line Bank or any Issuing Bank, cash collateralize such Defaulting Lender’s Ratable Share of the outstanding
Swing Line Advances or the Available Amount of such Letters of Credit (after giving effect to any partial reallocation pursuant
to clause (i) above), as the case may be, by paying cash collateral to such Swing Line Bank or such Issuing Bank; provided
that, so long as no Default is continuing, such cash collateral shall be released promptly upon the earliest of (A) the reallocation
of the Swing Line Advances and the Available Amount of outstanding Letters of Credit among Non-Defaulting Lenders in accordance
with clause (i) above, (B) a reduction in outstanding Swing Line Advances and the Available Amount of all outstanding Letters of
Credit by an amount equal to or greater than such Defaulting Lender’s Ratable Share of such Swing Line Advances and the Available
Amount of such Letters of Credit (after giving effect to any partial reallocation to clause (i)), (C) the termination of the Defaulting
Lender status of the applicable Lender, (D) such Swing Line Bank’s or Issuing Bank’s good faith determination that
there exists excess cash collateral (in which case, the amount equal to such excess cash collateral shall be released) or (E) the
posting of cash collateral for the amount of a Defaulting Lender as contemplated by Section 2.20(e). In the event any Letter of
Credit or a portion thereof is collateralized, no fees shall be payable by the applicable Borrower on the collateralized amount
of such Letter of Credit or a portion thereof;

 

(iii) to the extent
the Ratable Shares of Letters of Credit of the Non-Defaulting Lenders are reallocated pursuant to this Section 2.20(a), then the
fees payable to the Lenders pursuant to Section 2.05(b)(i) shall be adjusted in accordance with such Non-Defaulting Lenders’
Ratable Shares of Letters of Credit as reallocated; or

 

(iv) to the extent
any Defaulting Lender’s Ratable Share of Letters of Credit is neither cash collateralized nor reallocated pursuant to Section
2.20(a), then, without prejudice to any rights or remedies of any Issuing Bank or any Lender hereunder, all letter of credit fees
payable under Section 2.05(b)(i) with respect to such Defaulting Lender’s Ratable Share of Letters of Credit that have not
been reallocated or collateralized shall be payable to the applicable Issuing Bank until such Defaulting Lender’s Ratable
Share of Letters of Credit has been fully cash collateralized and/or reallocated.

 

(b) So long as any
Lender is a Defaulting Lender, no Swing Line Bank shall be required to make a Swing Line Advance, and no Issuing Bank shall be
required to issue,

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amend or increase any Letter of Credit,
unless it is satisfied that the related exposure will be 100% covered by the Revolving Credit Commitments of the Non-Defaulting
Lenders and/or cash collateral will be provided by the Borrowers in accordance with Section 2.20(a), and participating interests
in any such Swing Line Advances or newly issued or increased Letter of Credit shall be allocated among Non-Defaulting Lenders in
a manner consistent with Section 2.20(a)(i) (and Defaulting Lenders shall not participate therein).

 

(c) No Commitment
of any Lender shall be increased or otherwise affected, and, except as otherwise expressly provided in this Section 2.20, performance
by the Borrowers of their obligations shall not be excused or otherwise modified, as a result of the operation of this Section
2.20. The rights and remedies against a Defaulting Lender under this Section 2.20 are in addition to any other rights and remedies
which the Borrowers, the Agent, any Swing Line Bank, any Issuing Bank or any other Lender may have against such Defaulting Lender.

 

(d) If the Borrowers,
the Agent, each Swing Line Bank and each Issuing Bank agree in writing that in their reasonable determination a Defaulting Lender
should no longer be deemed to be a Defaulting Lender, the Agent will so notify the parties hereto, whereupon as of the effective
date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any
cash collateral), that Lender will, to the extent applicable, purchase that portion of outstanding Advances of the other Lenders
or take such other actions as the Agent may determine to be necessary to cause the Advances and funded and unfunded participations
in Swing Line Advances and Letters of Credit to be held on a pro rata basis by the Lenders in accordance with their Ratable Shares
(without giving effect to Section 2.20(a)), whereupon such Lender will cease to be a Defaulting Lender; provided that no
adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrowers while that
Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the
affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any
party hereunder arising from such Lender’s having been a Defaulting Lender.

 

(e) Notwithstanding
anything to the contrary contained in this Agreement, any payment of principal, interest, commitment fees, letter of credit fees
or other amounts received by the Agent for the account of any Defaulting Lender under this Agreement (whether voluntary or mandatory,
at maturity, pursuant to Article VI or otherwise) shall be applied at such time or times as may be determined by the Agent as follows:
first, to the payment of any amounts owing by such Defaulting Lender to the Agent hereunder; second, to the payment
on a pro rata basis of any amounts owing by such Defaulting Lender to any Swing Line Bank or any Issuing Bank hereunder; third,
if so determined by the Agent or requested by any Swing Line Bank or any Issuing Bank, to be held as cash collateral for future
funding obligations of such Defaulting Lender in respect of any participation in any Swing Line Advance or Letter of Credit; fourth,
as the Company may request (so long as no Default exists), to the funding of any Advance in respect of which that Defaulting Lender
has failed to fund its portion thereof as required by this Agreement, as determined by the Agent; fifth, if so determined
by the Agent and the Company, to be held in the Cash Deposit Account and released in order to satisfy obligations of such Defaulting
Lender to

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fund Advances under this Agreement; sixth,
to the payment of any amounts owing to the Lenders, the Swing Line Banks or the Issuing Banks as a result of any judgment of a
court of competent jurisdiction obtained by any Lender, Swing Line Bank or Issuing Bank against such Defaulting Lender as a result
of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default exists,
to the payment of any amounts owing to any Borrower as a result of any judgment of a court of competent jurisdiction obtained by
such 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 Advance in respect of which such Defaulting Lender has not
fully funded its appropriate share, and (y) such Advances were made or the related Letters of Credit were issued at a time when
the applicable conditions set forth in Article III were satisfied or waived, such payment shall be applied solely to pay the Advances
of all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Advances of such Defaulting Lender
and provided further that any amounts held as cash collateral for funding obligations of a Defaulting Lender shall
be returned to such Defaulting Lender upon the termination of this Agreement and the satisfaction of such Defaulting Lender’s
obligations hereunder. Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held)
to pay amounts owed by a Defaulting Lender or to post cash collateral pursuant to this Section 2.20 shall be deemed paid to and
redirected by such Defaulting Lender, and each Lender irrevocably consents hereto.

 

ARTICLE III

 

CONDITIONS TO EFFECTIVENESS AND LENDING

 

SECTION 3.01. Conditions
Precedent to Effectiveness of the Amendment and Restatement. The amendment and restatement of the Existing Credit Agreement
shall become effective on and as of the first date (the “Restatement Date”) on which the following conditions
precedent have been satisfied:

 

(a) There shall
have occurred no Material Adverse Change since December 31, 2012, except as otherwise publicly disclosed prior to the date hereof.

 

(b) There shall
exist no action, suit, investigation, litigation or proceeding affecting the Company or any of its Subsidiaries pending or to the
knowledge of the Company Threatened before any court, governmental agency or arbitrator that (i) is reasonably likely to have a
Material Adverse Effect, except as disclosed in public filings prior to the date hereof or (ii) purports to affect the legality,
validity or enforceability of this Agreement or any Note of the Company or the consummation of the transactions contemplated hereby,
and there shall have been no material adverse change in the status, or financial effect on the Company or any of its material Subsidiaries,
of the matters disclosed in public filings prior to the date hereof.

 

(c) The Company
shall have paid all accrued fees and expenses of the Agent and the Lenders in respect of this Agreement.

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(d) On the Restatement
Date, the following statements shall be true and the Agent shall have received a certificate signed by a duly authorized officer
of the Company, dated the Restatement Date, stating that:

 

(i) The representations
and warranties contained in Section 4.01 are correct on and as of the Restatement Date, and

 

(ii) No event has
occurred and is continuing that constitutes a Default.

 

(e) The Agent shall
have received on or before the Restatement Date the following, each dated such day, in form and substance satisfactory to the Agent:

 

(i) The Revolving
Credit Notes of the Company to the order of the Lenders to the extent requested by any Lender pursuant to Section 2.17.

 

(ii) Certified copies
of the resolutions of the Board of Directors of the Company approving this Agreement and the Notes of the Company, and of all documents
evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement and such Notes.

 

(iii) A certificate
of the Secretary or an Assistant Secretary of the Company certifying the names and true signatures of the officers of the Company
authorized to sign this Agreement and the Notes of the Company and the other documents to be delivered hereunder.

 

(iv) A favorable
opinion of the General Counsel or an Assistant General Counsel of the Company, substantially
in the form of Exhibit E hereto and as to such other matters as any Lender through the Agent may reasonably request.

 

(v) A favorable
opinion of Shearman & Sterling LLP, counsel for the Agent, substantially in the form of Exhibit G hereto.

 

(vi) Such other
approvals, opinions or documents as any Lender, through the Agent, may reasonably request.

 

(f) The Agent shall
have received counterparts of this Agreement executed by the Company and each of the Lenders or, as to any of the Lenders, advice
satisfactory to the Agent that such Lender has executed this Agreement.

 

SECTION 3.02. Initial Advance
to Each Designated Subsidiary. The obligation of each Lender to make an initial Advance to each Designated Subsidiary following
any designation of such Designated Subsidiary as a Borrower hereunder pursuant to Section 9.07 is subject to the Agent’s
receipt on or before the date of such initial Advance of each of the following, in form and substance satisfactory to the Agent
and dated such date, and (except for the Revolving Credit Notes) in sufficient copies for each Lender:

 

(a) The Revolving
Credit Notes of such Borrower to the order of the Lenders to the extent requested by any Lender pursuant to Section 2.17.

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(b) Certified copies
of the resolutions of the Board of Directors of such Borrower (with a certified English translation if the original thereof is
not in English) approving this Agreement and the Notes of such Borrower, and of all documents evidencing other necessary corporate
action and governmental approvals, if any, with respect to this Agreement and such Notes.

 

(c) A certificate
of the Secretary or an Assistant Secretary of such Borrower certifying the names and true signatures of the officers of such Borrower
authorized to sign this Agreement and the Notes of such Borrower and the other documents to be delivered hereunder.

 

(d) A certificate
signed by a duly authorized officer of the Company or such Borrower, dated as of the date of such initial Advance, certifying that
such Borrower shall have obtained all governmental and third party authorizations, consents, approvals (including exchange control
approvals) and licenses required under applicable laws and regulations necessary for such Borrower to execute and deliver this
Agreement and the Notes and to perform its obligations thereunder.

 

(e) The Designation
Letter of such Designated Subsidiary, substantially in the form of Exhibit D hereto.

 

(f) A favorable
opinion of counsel to such Designated Subsidiary, dated the date of such initial Advance, substantially in the form of Exhibit
F hereto.

 

(g) Such other approvals,
opinions or documents as any Lender, through the Agent, may reasonably request.

 

SECTION 3.03. Conditions
Precedent to Each Revolving Credit Borrowing, Swing Line Borrowing, Issuance, Commitment Increase and Extension Date. The obligation
of each Lender to make an Advance (other than (x) an Advance made by any Issuing Bank or any Lender
pursuant to Section 2.04(c) or (y) a Competitive Bid Advance), the obligation of the Issuing Bank to issue a Letter of Credit,
each Commitment Increase and each extension of Commitments pursuant to Section 2.19 shall be subject to the conditions precedent
that the Effective Date shall have occurred and on the date of such Borrowing, issuance, Commitment Increase or extension of Commitments,
as the case may be, (a) the following statements shall be true (and each of the giving of the applicable Notice of Revolving Credit
Borrowing, Notice of Swing Line Borrowing, Notice of Issuance, request for Commitment Increase, request for Commitment extension
and the acceptance by the Borrower requesting such Borrowing or issuance of the proceeds of such Borrowing or such issuance shall
constitute a representation and warranty by such Borrower that on the date of such Borrowing or issuance, such Increase Date or
such Extension Date such statements are true):

 

(i) the representations
and warranties of the Company contained in Section 4.01 (except, in the case of a Borrowing or an issuance, the representations
set forth in the last sentence of subsection (e) thereof and in subsections (f), (h)-(l) and (n) thereof) are correct on and as
of the date of such Borrowing or issuance, before and after giving effect to such Borrowing or issuance, such Commitment Increase
or such Extension

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Date and to the application of the proceeds
therefrom, as though made on and as of such date, and additionally, if such Borrowing or issuance shall have been requested by
a Designated Subsidiary, the representations and warranties of such Designated Subsidiary contained in its Designation Letter are
correct on and as of the date of such Borrowing or issuance, before and after giving effect to such Borrowing or issuance and to
the application of the proceeds therefrom, as though made on and as of such date, and

 

(ii) no event has
occurred and is continuing, or would result from such Borrowing or issuance, such Commitment Increase or such Extension Date or
from the application of the proceeds therefrom, that constitutes a Default;

 

and (b) the Agent shall have received such other
approvals, opinions or documents as any Lender through the Agent may reasonably request.

 

SECTION 3.04. Conditions
Precedent to Each Competitive Bid Borrowing. The obligation of each Lender that is to make a Competitive Bid Advance on the
occasion of a Competitive Bid Borrowing to make such Competitive Bid Advance as part of such Competitive Bid Borrowing is subject
to the conditions precedent that (i) the Agent shall have received the written confirmatory Notice of Competitive Bid Borrowing
with respect thereto, (ii) on or before the date of such Competitive Bid Borrowing, but prior to such Competitive Bid Borrowing,
the Agent shall have received a Competitive Bid Note payable to the order of such Lender and substantially in the form of Exhibit
A-2 hereto for each of the one or more Competitive Bid Advances to be made by such Lender as part of such Competitive Bid Borrowing,
in a principal amount equal to the principal amount of the Competitive Bid Advance to be evidenced thereby and otherwise on such
terms as were agreed to for such Competitive Bid Advance in accordance with Section 2.03, and (iii) on the date of such Competitive
Bid Borrowing the following statements shall be true (and each of the giving of the applicable Notice of Competitive Bid Borrowing
and the acceptance by the Borrower requesting such Competitive Bid Borrowing of the proceeds of such Competitive Bid Borrowing
shall constitute a representation and warranty by such Borrower that on the date of such Competitive Bid Borrowing such statements
are true):

 

(a) the representations
and warranties of the Company contained in Section 4.01 (except the representations set forth in the last sentence of subsection
(e) thereof and in subsections (f), (h)-(l) and (n) thereof) are correct on and as of the date of such Competitive Bid Borrowing,
before and after giving effect to such Competitive Bid Borrowing and to the application of the proceeds therefrom, as though made
on and as of such date, and, if such Competitive Bid Borrowing shall have been requested by a Designated Subsidiary, the representations
and warranties of such Designated Subsidiary contained in its Designation Letter are correct on and as of the date of such Competitive
Bid Borrowing, before and after giving effect to such Competitive Bid Borrowing and to the application of the proceeds therefrom,
as though made on and as of such date,

 

(b) no event has
occurred and is continuing, or would result from such Competitive Bid Borrowing or from the application of the proceeds therefrom,
that constitutes a Default, and

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(c) no event has
occurred and no circumstance exists as a result of which the information concerning such Borrower that has been provided to the
Agent and each Lender by such Borrower in connection herewith would include an untrue statement of a material fact or omit to state
any material fact necessary to make the statements contained therein, in the light of the circumstances under which they were made,
not misleading,

 

and (iv) the Agent shall have received such other
approvals, opinions or documents as any Lender through the Agent may reasonably request.

 

SECTION 3.05. Determinations
Under Section 3.01. For purposes of determining compliance with the conditions specified in Section 3.01, each Lender shall
be deemed to have consented to, approved or accepted or to be satisfied with each document or other matter required thereunder
to be consented to or approved by or acceptable or satisfactory to the Lenders unless an officer of the Agent responsible for the
transactions contemplated by this Agreement shall have received notice from such Lender prior to the date that the Company, by
notice to the Lenders, designates as the proposed Restatement Date, specifying its objection thereto. The Agent shall promptly
notify the Lenders of the occurrence of the Restatement Date.

 

ARTICLE IV

 

REPRESENTATIONS AND WARRANTIES

 

SECTION 4.01. Representations
and Warranties of the Company. The Company represents and warrants as follows:

 

(a) The Company
is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware.

 

(b) The execution,
delivery and performance by the Company of this Agreement and the Notes of the Company, and the consummation of the transactions
contemplated hereby, are within the Company’s corporate powers, have been duly authorized by all necessary corporate action,
and do not and will not cause or constitute a violation of any provision of law or regulation or any provision of the Certificate
of Incorporation or By-Laws of the Company or result in the breach of, or constitute a default or require any consent under, or
result in the creation of any lien, charge or encumbrance upon any of the properties, revenues, or assets of the Company pursuant
to, any indenture or other agreement or instrument to which the Company is a party or by which the Company or its property may
be bound or affected.

 

(c) No authorization,
consent, approval (including any exchange control approval), license or other action by, and no notice to or filing or registration
with, any governmental authority, administrative agency or regulatory body or any other third party is required for the due execution,
delivery and performance by the Company of this Agreement or the Notes of the Company.

 

(d) This Agreement
has been, and each of the Notes when delivered hereunder will have been, duly executed and delivered by the Company. This Agreement
is, and each of the Notes of the Company when delivered hereunder will be, the legal, valid and binding

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obligation of the Company enforceable
against the Company in accordance with their respective terms, except to the extent that such enforcement may be limited by applicable
bankruptcy, insolvency and other similar laws affecting creditors’ rights generally.

 

(e) The Consolidated
balance sheet of the Company and its Consolidated Subsidiaries as at December 31, 2012, and the related Consolidated statements
of income and cash flows of the Company and its Consolidated Subsidiaries for the fiscal year then ended (together with the notes
to the financial statements of the Company and its Consolidated Subsidiaries and the Consolidated statements of cash flows of the
Company and its Consolidated Subsidiaries), accompanied by an opinion of one or more nationally recognized firms of independent
public accountants, copies of which have been furnished to each Lender, are materially complete and correct, and fairly present
the Consolidated financial condition of the Company and its Consolidated Subsidiaries as at such date and the Consolidated results
of the operations of the Company and its Consolidated Subsidiaries for the period ended on such date, all in accordance with GAAP
consistently applied, except as otherwise noted therein; the Company and its Consolidated Subsidiaries do not have on such date
any material contingent liabilities, liabilities for taxes, unusual forward or long-term commitments or unrealized or anticipated
losses from any unfavorable commitments, except as referred to or reflected or provided for in such balance sheet or the notes
thereto as at such date. No Material Adverse Change has occurred since December 31, 2012, except as otherwise publicly disclosed
prior to the date hereof.

 

(f) There is no
action, suit, investigation, litigation or proceeding, including, without limitation, any Environmental Action, pending or to the
knowledge of the Company Threatened affecting the Company or any of its Subsidiaries before any court, governmental agency or arbitrator
that (i) is reasonably likely to have a Material Adverse Effect (other than as disclosed in public filings prior to the date hereof),
or (ii) purports to affect the legality, validity or enforceability of this Agreement or any Note or the consummation of the transactions
contemplated hereby, and there has been no adverse change in the status, or financial effect on the Company or any of its material
Subsidiaries, of the matters disclosed in public filings prior to the date hereof.

 

(g) Following application
of the proceeds of each Advance, not more than 25 percent of the value of the assets (either of the Borrower of such Advance or
of such Borrower and its Subsidiaries on a Consolidated basis) subject to the provisions of Section 5.02(a) or subject to any restriction
contained in any agreement or instrument between such Borrower and any Lender or any Affiliate of any Lender relating to Debt and
within the scope of Section 6.01(e) will be margin stock (within the meaning of Regulation U issued by the Board of Governors of
the Federal Reserve System).

 

(h) The Company
and each wholly-owned direct Subsidiary of the Company have, in the aggregate, met their minimum funding requirements under ERISA
with respect to their Plans in all material respects and have not incurred any material liability to the PBGC, other than for the
payment of premiums, in connection with such Plans.

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(i) No ERISA Event
has occurred or is reasonably expected to occur with respect to any Plan of the Company or any of its ERISA Affiliates that has
resulted in or is reasonably likely to result in a material liability of the Company or any of its ERISA Affiliates.

 

(j) Schedule SB
(Actuarial Information) to the most recent annual report (Form 5500 Series) with respect to each Plan of the Company or any of
its ERISA Affiliates, copies of which have been filed with the United States Department of Labor (and which will be furnished to
any Lender through the Agent upon the request of such Lender through the Agent to the Company), are complete and accurate in all
material respects and fairly present in all material respects the funding status of such Plans at such date, and since the date
of each such Schedule SB there has been no material adverse change in funding status.

 

(k) Neither the
Company nor any of its ERISA Affiliates has incurred or reasonably expects to incur any Withdrawal Liability to any Multiemployer
Plan in an annual amount exceeding 6% of Net Tangible Assets of the Company and its Consolidated Subsidiaries.

 

(l) No Multiemployer
Plan is, or is reasonably expected to be, in reorganization, insolvent or to be terminated, within the meaning of Title IV of ERISA
or to be in “endangered” or “critical” status, in any such case, which might reasonably be expected to
result in a liability of the Company in an amount in excess of $5,000,000.

 

(m) The Company
is not, and immediately after the application by the Company of the proceeds of each Advance will not be, an “investment
company” within the meaning of the Investment Company Act of 1940, as amended.

 

(n) To the best
of the Company’s knowledge, the operations and properties of the Company and its Subsidiaries taken as a whole comply in
all material respects with all Environmental Laws, all necessary Environmental Permits have been applied for or have been obtained
and are in effect for the operations and properties of the Company and its Subsidiaries and the Company and its Subsidiaries are
in compliance in all material respects with all such Environmental Permits. To the best of the Company’s knowledge no circumstances
exist that would be reasonably likely to form the basis of an Environmental Action against the Company or any of its Subsidiaries
or any of their properties that could have a Material Adverse Effect.

 

(o) The
Company has implemented and maintains in effect policies and procedures designed to ensure compliance by the Company, its Subsidiaries
and their respective directors, officers, employees and agents with Anti-Corruption Laws, and the Company, its Subsidiaries and
their respective officers and employees and to the knowledge of the Company, its directors and agents when acting on behalf of
the Company and its Subsidiaries, are in compliance with Anti-Corruption Laws in all material respects. No Borrowing or Letter
of Credit, or use of proceeds will constitute (i) a violation of the Bribery Act, (ii) a violation of the FCPA or (iii)
a material violation of any other Anti-Corruption Laws.

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(p) The
Company has implemented and maintains in effect policies and procedures designed to ensure compliance by the Company and its Subsidiaries
with applicable Sanctions, and the Company and its Subsidiaries are in compliance with applicable Sanctions in all material respects.
None of the Company, its Subsidiaries, or any of their respective officers or directors are Sanctioned Persons. No Borrowing or
Letter of Credit, or use of proceeds will violate applicable Sanctions.

 

ARTICLE V

 

COVENANTS OF THE COMPANY

 

SECTION 5.01. Affirmative
Covenants. So long as any Advance shall remain unpaid or any Lender shall have any Commitment hereunder, the Company will:

 

(a) Compliance
with Laws, Etc. Comply, and cause each Designated Subsidiary to comply with all applicable laws, rules, regulations and orders,
such compliance to include, without limitation, compliance with ERISA and Environmental Laws as provided in Section 5.01(j), if
failure to comply with such requirements would have a Material Adverse Effect, and maintain in effect
and enforce policies and procedures designed to ensure compliance by the Company, its Subsidiaries and their respective directors,
officers, employees and agents in all material respects with Anti-Corruption Laws and applicable Sanctions.

 

(b) Payment of
Taxes, Etc. Pay and discharge, and cause each Designated Subsidiary to pay and discharge, all taxes, assessments and governmental
charges or levies imposed upon it or on its income or profits or upon any of its property; provided, however, that
neither the Company nor any of its Subsidiaries shall be required to pay or discharge any such tax, assessment, charge or claim
that is being contested in good faith and by proper proceedings and as to which appropriate reserves are being maintained.

 

(c) Maintenance
of Insurance. Maintain, and cause each Designated Subsidiary to maintain, insurance with responsible and reputable insurance
companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses
and owning similar properties in the same general areas in which the Company or such Subsidiary operates.

 

(d) Preservation
of Corporate Existence, Etc. Preserve and maintain, and cause each Designated Subsidiary to preserve and maintain, its corporate
existence and all its material rights (charter and statutory) privileges and franchises; provided, however, that
the Company and each Designated Subsidiary may consummate any merger, consolidation or sale of assets permitted under Section 5.02(b).

 

(e) Visitation
Rights. At any reasonable time and from time to time upon reasonable notice but not more than once a year unless an Event of
Default has occurred and is continuing, permit the Agent or any of the Lenders or any agents or representatives thereof, to examine
and make copies of and abstracts from the records and books of account of, and visit the properties of, the Company and any Designated
Subsidiary, and to discuss the affairs, finances and accounts of the Company and any Designated Subsidiary

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with any of their officers or directors
and with their independent certified public accountants.

 

(f) Keeping of
Books. Keep, and cause each Designated Subsidiary to keep, proper books of record and account, in which full and correct entries
shall be made of all financial transactions and the assets and business of the Company and each Designated Subsidiary in accordance
with generally accepted accounting principles in effect from time to time.

 

(g) Maintenance
of Properties, Etc. Maintain and preserve, and cause each Designated Subsidiary to maintain and preserve, all of its properties
that are used or useful in the conduct of its business in good working order and condition, ordinary wear and tear excepted; provided,
however, that neither the Company nor any of its Designated Subsidiaries shall be required to maintain or preserve any property
if the failure to maintain or preserve such property shall not have a Material Adverse Effect.

 

(h) Reporting
Requirements. Furnish to the Agent (with a copy for each Lender) and the Agent shall promptly forward the same to the Lenders:

 

(i) as soon as available
and in any event within 60 days after the end of each of the first three quarters of each fiscal year of the Company, a Consolidated
balance sheet of the Company and its Consolidated Subsidiaries as of the end of such quarter and a Consolidated statement of income
and cash flows of the Company and its Consolidated Subsidiaries for the period commencing at the end of the previous fiscal year
and ending with the end of such quarter, setting forth in each case in comparative form the corresponding figures as of the corresponding
date and for the corresponding period of the preceding fiscal year, all in reasonable detail and certified by the principal financial
officer, principal accounting officer, the Vice-President and Treasurer or an Assistant Treasurer of the Company, subject, however,
to year-end auditing adjustments, which certificate shall include a statement that such officer has no knowledge, except as specifically
stated, of any condition, event or act which constitutes a Default;

 

(ii) as soon as
available and in any event within 120 days after the end of each fiscal year of the Company, a Consolidated balance sheet of the
Company and its Consolidated Subsidiaries as of the end of such fiscal year and the related Consolidated statements of income and
cash flows of the Company and its Consolidated Subsidiaries for such fiscal year setting forth in each case in comparative form
the corresponding figures as of the close of and for the preceding fiscal year, all in reasonable detail and accompanied by an
opinion of independent public accountants of nationally recognized standing, as to said financial statements and a certificate
of the principal financial officer, principal accounting officer, the Vice-President and Treasurer or an Assistant Treasurer of
the Company stating that such officer has no knowledge, except as specifically stated, of any condition, event or act which constitutes
a Default;

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(iii) copies of
the Forms 8-K and 10-K reports (or similar reports) which the Company is required to file with the Securities and Exchange Commission
of the United States of America (the “SEC”), promptly after the filing thereof;

 

(iv) copies of each
annual report, quarterly report, special report or proxy statement mailed to substantially all of the stockholders of the Company,
promptly after the mailing thereof to the stockholders;

 

(v) promptly and
in any event within three Business Days, notice of the occurrence of any Default of which the principal financial officer, principal
accounting officer, the Vice-President and Treasurer or an Assistant Treasurer of the Company shall have knowledge;

 

(vi) as soon as
available and in any event within 15 Business Days after the Company or any of its ERISA Affiliates knows or has reason to know
that any ERISA Event involving liability of at least $150,000,000 has occurred, a statement of a senior officer of the Company
with responsibility for compliance with the requirements of ERISA describing such ERISA Event and the action, if any, which the
Company or such ERISA Affiliate proposes to take with respect thereto;

 

(vii) at the request
of any Lender, promptly after the filing thereof with the Internal Revenue Service, copies of Schedule SB (Actuarial Information)
to each annual report (Form 5500 series) filed by the Company or any of its ERISA Affiliates with respect to each Plan;

 

(viii) promptly
after receipt thereof by the Company or any of its ERISA Affiliates, copies of each notice from the PBGC stating its intention
to terminate any Plan or to have a trustee appointed to administer any Plan;

 

(ix) promptly after
such request, such other documents and information relating to any Plan as any Lender may reasonably request from time to time;

 

(x) promptly and
in any event within 15 Business Days after receipt thereof by the Company or any of its ERISA Affiliates from the sponsor of a
Multiemployer Plan, copies of each notice concerning (A) (x) the imposition of Withdrawal Liability in an amount in excess of $5,000,000
with respect to any one Multiemployer Plan or in an aggregate amount in excess of $25,000,000 with respect to all such Multiemployer
Plans within any one calendar year or (y) the reorganization or termination, within the meaning of Title IV of ERISA, of any Multiemployer
Plan that has resulted or might reasonably be expected to result in Withdrawal Liability in an amount in excess of $5,000,000 or
of all such Multiemployer Plans that has resulted or might reasonably be expected to result in Withdrawal Liability in an aggregate
amount in excess of $25,000,000 within any one calendar year and (B) the amount of liability incurred, or that may be incurred,
by the Company or any of its ERISA Affiliates in connection with any event described in such subclause (x) or (y);

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(xi) promptly after
the commencement thereof, notice of all actions and proceedings before any court, governmental agency or arbitrator affecting the
Company or any Designated Subsidiary of the type described in Section 4.01(f); and

 

(xii) from time
to time such further information respecting the financial condition and operations of the Company and its Subsidiaries as any Lender
may from time to time reasonably request.

 

Documents required to be delivered
pursuant to this Section 5.01(h) (to the extent any such documents are included in materials otherwise filed with the SEC) may
be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which the Company posts
such documents, or provides a link thereto, on the Company’s website on the Internet or at www.sec.gov, (ii) on which
such documents are posted on the Company’s behalf on an Internet or intranet website, if any, to which each Lender and the
Agent have access (whether a commercial, third-party website or whether sponsored by the Agent) or (iii) on which such documents
are filed with the SEC on EDGAR; provided, that, in each case, the Company shall promptly notify the Agent (by facsimile
or electronic mail) of the posting or filing of any such documents.

 

(i) Authorizations.
Obtain, and cause each Designated Subsidiary to obtain, at any time and from time to time all authorizations, licenses, consents
or approvals (including exchange control approvals) as shall now or hereafter be necessary or desirable under applicable law or
regulations in connection with its making and performance of this Agreement and, upon the request of any Lender, promptly furnish
to such Lender copies thereof.

 

(j) Compliance
with Environmental Laws. Comply, and cause each of its Subsidiaries and all lessees and other Persons operating or occupying
its properties to comply, in all material respects, with all applicable Environmental Laws and Environmental Permits; obtain and
renew and cause each of its Subsidiaries to obtain and renew all Environmental Permits necessary for its operations and properties;
and conduct, and cause each of its Subsidiaries to conduct, any investigation, study, sampling and testing, and undertake any cleanup,
removal, remedial or other action necessary to remove and clean up all Hazardous Materials from any of its properties, in accordance
with the requirements of all Environmental Laws; provided, however, that neither the Company nor any of its Subsidiaries
shall be required to undertake any such cleanup, removal, remedial or other action to the extent that its obligation to do so is
being contested in good faith and by proper proceedings and appropriate reserves are being maintained with respect to such circumstances.

 

(k) Change of
Control. If a Change of Control shall occur, within ten calendar days after the occurrence thereof, provide the Agent with
notice thereof, describing therein in reasonable detail the facts and circumstances giving rise to such Change of Control.

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SECTION 5.02. Negative Covenants.
So long as any Advance shall remain unpaid or any Lender shall have any Commitment hereunder, the Company will not:

 

(a)  Liens, Etc.
Issue, assume or guarantee, or permit any of its Subsidiaries owning Restricted Property to issue, assume or guarantee, any Debt
secured by Liens on or with respect to any Restricted Property without effectively providing that its obligations to the Lenders
under this Agreement and any of the Notes shall be secured equally and ratably with such Debt so long as such Debt shall be so
secured, except that the foregoing shall not apply to:

 

(i) Liens affecting
property of the Company or any of its Subsidiaries existing on the Restatement Date or of any Person existing at the time it becomes
a Subsidiary of the Company or at the time it is merged into or consolidated with the Company or a Subsidiary of the Company;

 

(ii) Liens on property
of the Company or its Subsidiaries existing at the time of acquisition thereof or incurred to secure the payment of all or part
of the purchase price thereof or to secure Debt incurred prior to, at the time of or within 24 months after acquisition thereof
for the purpose of financing all or part of the purchase price thereof;

 

(iii) Liens on property
of the Company or its Subsidiaries (in the case of property that is, in the opinion of the Board of Directors of the Company, substantially
unimproved for the use intended by the Company) to secure all or part of the cost of improvement thereof, or to secure Debt incurred
to provide funds for any such purpose;

 

(iv) Liens which
secure only Debt owing by a Subsidiary of the Company to the Company or to another Subsidiary of the Company;

 

(v) Liens in favor
of the United States of America, any State, any foreign country, or any department, agency, instrumentality, or political subdivisions
of any such jurisdiction, to secure partial, progress, advance or other payments pursuant to any contract or statute or to secure
any Debt incurred for the purpose of financing all or any part of the purchase price or cost of constructing or improving the property
subject thereto, including, without limitation, Liens to secure Debt of the pollution control or industrial revenue bond type;
or

 

(vi) any extension,
renewal or replacement (or successive extensions, renewals or replacements), in whole or in part, of any Lien referred to in the
foregoing clauses (i) to (v) inclusive of any Debt secured thereby, provided that the principal amount of Debt secured thereby
shall not exceed the principal amount of Debt so secured at the time of such extension, renewal or replacement, and that such extension,
renewal or replacement Lien shall be limited to all or part of the property which secured the Lien extended, renewed or replaced
(plus improvements on such property);

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provided, however, that,
the Company and any one or more Subsidiaries owning Restricted Property may issue, assume or guarantee Debt secured by Liens which
would otherwise be subject to the foregoing restrictions in an aggregate principal amount which, together with the aggregate outstanding
principal amount of all other Debt of the Company and its Subsidiaries owning Restricted Property that would otherwise be subject
to the foregoing restrictions (not including Debt permitted to be secured under clause (i) through (vi) above) and the aggregate
value of the Sale and Leaseback Transactions in existence at such time, does not at any one time exceed 10% of the Net Tangible
Assets of the Company and its Consolidated Subsidiaries; and provided further that the following type of transaction,
among others, shall not be deemed to create Debt secured by Liens: Liens required by any contract or statute in order to permit
the Company or any of its Subsidiaries to perform any contract or subcontract made by it with or at the request of the United States
of America, any foreign country or any department, agency or instrumentality of any of the foregoing jurisdictions.

 

(b) Mergers,
Etc. Merge or consolidate with or into, or convey, transfer, lease or otherwise dispose of (whether in one transaction or in
a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to, any Person; provided,
however, that the Company may merge or consolidate with any other Person so long as the Company is the surviving corporation
and so long as no Default shall have occurred and be continuing at the time of such proposed transaction or would result therefrom.

 

ARTICLE VI

 

EVENTS OF DEFAULT

 

SECTION 6.01. Events of Default.
If any of the following events (“Events of Default”) shall occur and be continuing:

 

(a) Any Borrower
shall fail to pay: (i) any principal of any Revolving Credit Advance or Competitive Bid Advance when the same becomes due and payable;
(ii) any principal of any Swing Line Advance within three Business Days after the same becomes due and payable, (iii) any commitment
fees, Letter of Credit commissions or any interest on any Advance payable under this Agreement or any Note within three Business
Days after the same becomes due and payable; or (iv) any other fees or other amounts payable under this Agreement or any Notes
within 30 days after the same becomes due and payable other than those fees and amounts the liabilities for which are being contested
in good faith by such Borrower and which have been placed in Escrow by such Borrower; or

 

(b) Any representation
or warranty made (or deemed made) by any Borrower (or any of its officers) in connection with this Agreement or by any Designated
Subsidiary in the Designation Letter pursuant to which such Designated Subsidiary became a Borrower hereunder shall prove to have
been incorrect in any material respect when made (or deemed made); or

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(c) The Company
shall repudiate its obligations under, or shall default in the due performance or observance of, any term, covenant or agreement
contained in Article VII of this Agreement; or

 

(d) (i) The Company
shall fail to perform or observe Section 5.01(h)(v), (ii) the Company shall fail to perform or observe any other term, covenant
or agreement contained in Section 5.02(a) and such failure shall remain unremedied for a period of 30 days after any Lender shall
have given notice thereof to the Company (through the Agent), or (iii) the Company or any other Borrower shall fail to perform
or to observe any other term, covenant or agreement contained in this Agreement on its part to be performed or observed and such
failure shall remain unremedied for a period of 30 days after any Lender shall have given notice thereof to the relevant Borrower
or, in the case of the Company, any of the principal financial officer, the principal accounting officer, the Vice-President and
Treasurer or an Assistant Treasurer of the Company, and in the case of any other Borrower, a responsible officer of such Borrower,
first has knowledge of such failure; or

 

(e) (i) The Company
or any of its Consolidated or Designated Subsidiaries shall fail to pay any principal of or premium or interest on any Debt (other
than Debt owed to the Company or its Subsidiaries or Affiliates) that is outstanding in a principal amount of at least $150,000,000
in the aggregate (but excluding Debt outstanding hereunder and Debt owed by such party to any bank, financial institution or other
institutional lender to the extent the Company or any Subsidiary has deposits with such bank, financial institution or other institutional
lender sufficient to repay such Debt) of the Company or such Subsidiary (as the case may be), when the same becomes due and payable
(whether by scheduled maturity, required prepayment, acceleration, demand or otherwise), and such failure shall continue after
the applicable grace period, if any, specified in the agreement or instrument relating to such Debt, or (ii) any other event shall
occur or condition shall exist under any agreement or instrument relating to any such Debt and shall continue after the applicable
grace period, if any, specified in such agreement or instrument, if the effect of such event or condition is to accelerate, or
to permit the acceleration of, the maturity of such Debt, or (iii) any such Debt shall be declared to be due and payable, or required
to be prepaid or redeemed (other than by a regularly scheduled required prepayment or redemption), purchased or defeased, or an
offer to prepay, redeem, purchase or defease such Debt shall be required to be made, in each case prior to the stated maturity
thereof; provided, however, that, for purposes of this Section 6.0l(e), in the case of (x) Debt of any Person (other
than the Company or one of its Consolidated Subsidiaries) which the Company has guaranteed and (y) Debt of Persons (other than
the Company or one of its Consolidated Subsidiaries) the payment of which is secured by a Lien on property of the Company or such
Subsidiary, such Debt shall be deemed to have not been paid when due or to have been declared to be due and payable only when the
Company or such Subsidiary, as the case may be, shall have failed to pay when due any amount which it shall be obligated to pay
with respect to such Debt; provided further, however, that any event or occurrence described in this subsection
(e) shall not be an Event of Default if (A) such event or occurrence relates to the Debt of any Subsidiary of the Company located
in China, India, the Commonwealth of Independent States or Turkey (collectively, the “Exempt Countries”), (B)
such Debt is not guaranteed or supported in any legally enforceable manner by any Borrower or by any Subsidiary or Affiliate of
the Company located outside

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the Exempt Countries, (C) such event or
occurrence is due to the direct or indirect action of any government entity or agency in any Exempt Country and (D) as of the last
day of the calendar quarter immediately preceding such event or occurrence, the book value of the assets of such Subsidiary does
not exceed $150,000,000 and the aggregate book value of the assets of all Subsidiaries of the Company located in Exempt Countries
the Debt of which would cause an Event of Default to occur but for the effect of this proviso does not exceed $500,000,000; or

 

(f) The Company
or any of its Designated or Consolidated Subsidiaries shall generally not pay its debts as such debts become due, or shall admit
in writing its inability to pay its debts generally, or shall make a general assignment for the benefit of creditors; or any proceeding
shall be instituted by or against the Company or any such Subsidiaries seeking to adjudicate it a bankrupt or insolvent, or seeking
liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, or composition of it or its debts under any
law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the
appointment of a receiver, trustee, custodian or other similar official for it or for any substantial part of its property and,
in the case of any such proceeding instituted against it (but not instituted by it), either such proceeding shall remain undismissed
or unstayed for a period of 30 days, or any of the actions sought in such proceeding (including, without limitation, the entry
of an order for relief against, or the appointment of a receiver, trustee, custodian or other similar official for, it or for any
substantial part of its property) shall occur; or the Company or any such Subsidiaries shall take any corporate action to authorize
any of the actions set forth above in this subsection (f); provided, however, that any event or occurrence described
in this subsection (f) shall not be an Event of Default if (A) such event or occurrence relates to any Subsidiary of the Company
located in an Exempt Country, (B) the Debt of such Subsidiary is not guaranteed or supported in any legally enforceable manner
by any Borrower or by any Subsidiary or Affiliate of the Company located outside the Exempt Countries, (C) such event or occurrence
is due to the direct or indirect action of any government entity or agency in any Exempt Country and (D) as of the last day of
the calendar quarter immediately preceding such event or occurrence, the book value of the assets of such Subsidiary does not exceed
$150,000,000 and the aggregate book value of the assets of all Subsidiaries of the Company located in Exempt Countries with respect
to which the happening of the events or occurrences described in this subsection (f) would cause an Event of Default to occur but
for the effect of this proviso does not exceed $500,000,000; or

 

(g) Any judgment
or order for the payment of money in excess of $150,000,000 shall be rendered against the Company or any of its Subsidiaries and
enforcement proceedings shall have been commenced by any creditor upon such judgment or order and there shall be any period of
10 consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall
not be in effect; provided, however, that any such judgment or order shall not be an Event of Default under this
Section 6.01(g) if (A) such judgment or order is rendered against any Subsidiary of the Company located in an Exempt Country, (B)
the Debt of such Subsidiary is not guaranteed or supported in any legally enforceable manner by any Borrower or by any Subsidiary
or Affiliate of the Company located outside the Exempt Countries, (C) such judgment or

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order is due to the direct or indirect
action of any government entity or agency in any Exempt Country and (D) as of the last day of the calendar quarter immediately
preceding the tenth consecutive day of the stay period referred to above, the book value of the assets of such Subsidiary does
not exceed $150,000,000 and the aggregate book value of the assets of all Subsidiaries of the Company located in Exempt Countries
the judgments and orders against which would cause an Event of Default to occur but for the effect of this proviso does not exceed
$500,000,000; or

 

(h) Any non-monetary
judgment or order shall be rendered against the Company or any of its Subsidiaries that is reasonably likely to have a Material
Adverse Effect, and enforcement proceedings shall have been commenced by any Person upon such judgment or order and there shall
be any period of 10 consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending appeal
or otherwise, shall not be in effect; or

 

(i) Any license,
consent, authorization or approval (including exchange control approvals) now or hereafter necessary to enable the Company or any
Designated Subsidiary to comply with its obligations herein or under any Notes of such Borrower shall be modified, revoked, withdrawn,
withheld or suspended; or

 

(j) (i) Any ERISA
Event shall have occurred with respect to a Plan of any Borrower or any of its ERISA Affiliates and the sum (determined as of the
date of occurrence of such ERISA Event) of the Insufficiency of such Plan and the Insufficiency of any and all other Plans of the
Borrowers and their ERISA Affiliates with respect to which an ERISA Event shall have occurred and then exist (or the liability
of the Borrowers and their ERISA Affiliates related to such ERISA Event) exceeds $150,000,000; or (ii) any Borrower or any of its
ERISA Affiliates shall be in default, as defined in Section 4219(c)(5) of ERISA, with respect to any payment of Withdrawal Liability
and the sum of the outstanding balance of such Withdrawal Liability and the outstanding balance of any other Withdrawal Liability
that any Borrower or any of its ERISA Affiliates has incurred exceeds 6% of Net Tangible Assets of the Company and its Consolidated
Subsidiaries; or (iii) any Borrower or any of its ERISA Affiliates shall have been notified by the sponsor of a Multiemployer Plan
of such Borrower or any of its ERISA Affiliates that such Multiemployer Plan is in reorganization, insolvent or is being terminated,
within the meaning of Title IV of ERISA, or has been determined to be in endangered or critical status and as a result of such
reorganization, insolvency, termination or determination the aggregate annual contributions of the Borrowers and their ERISA Affiliates
to all Multiemployer Plans that are then in reorganization, insolvency, being terminated or so determined have been or will be
increased over the amounts contributed to such Multiemployer Plans for the plan years of such Multiemployer Plans immediately preceding
the plan year in which such event occurs by an amount exceeding $150,000,000;

 

then, and (i) in any such event (except
with respect to Competitive Bid Advances as provided in clause (ii) below), the Agent (A) shall at the request, or may with the
consent, of the Majority Lenders, by notice to the Company, declare the obligation of each Lender to make Advances (other than
Advances by an Issuing Bank or a Lender pursuant to Section 2.04(c)) and of the Issuing Banks to issue Letters of Credit to be
terminated, whereupon the same shall forthwith terminate,

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and (B) shall at the request, or may with the consent,
of the Majority Lenders, by notice to the Company, declare the Advances, all interest thereon and all other amounts payable under
this Agreement to be forthwith due and payable, whereupon the Advances, all such interest and all such amounts shall become and
be forthwith due and payable, without presentment, demand, protest or further notice of any kind, all of which are hereby expressly
waived by the Borrowers and (ii) in the case of the occurrence of any Event of Default described in clause (i) or (ii) of Section
6.01(a) with respect to any Competitive Bid Advances, the Agent shall, at the request, or may with the consent, of the Lenders
which have made or assumed under this Agreement at least 66-2/3% of the aggregate principal amount (based in respect of Competitive
Bid Advances denominated in Foreign Currencies on the Equivalent in Dollars on the date of such request) of Competitive Bid Advances
then outstanding and to whom such Advances are owed, by notice to the Company, declare the full unpaid principal of and accrued
interest on all Competitive Bid Advances hereunder and all other obligations of the Borrowers hereunder with respect to Competitive
Bid Advances to be immediately due and payable, whereupon such Advances and such obligations shall be immediately due and payable,
without presentment, demand, protest or other further notice of any kind, all of which are hereby expressly waived by the Borrowers;
provided, however, that in the event of an actual or deemed entry of an order for relief with respect to any Borrower
under the United States Bankruptcy Code of 1978, as amended, (x) the obligation of each Lender to make Advances (other than Advances
by an Issuing Bank or a Lender pursuant to Section 2.04(c)) and of the Issuing Banks to issue Letters of Credit shall automatically
be terminated and (y) the Advances, all such interest and all such amounts shall automatically become and be due and payable, without
presentment, demand, protest or any notice of any kind, all of which are hereby expressly waived by the Borrowers.

 

SECTION 6.02. Actions in
Respect of the Letters of Credit upon Default. If any Event of Default shall have occurred and be continuing, the Agent may
with the consent, or shall at the request, of the Majority Lenders, irrespective of whether it is taking any of the actions described
in Section 6.01 or otherwise, make demand upon the Company to, and forthwith upon such demand the Company will, (a) pay to the
Agent on behalf of the Lenders in same day funds at the Agent’s office designated in such demand, for deposit in the Cash
Deposit Account, an amount equal to the aggregate Available Amount of all Letters of Credit then outstanding or (b) make such other
reasonable arrangements in respect of the outstanding Letters of Credit as shall be acceptable to the Majority Lenders; provided,
however, that in the event of an actual or deemed entry of an order for relief with respect to any Borrower under the United
States Bankruptcy Code of 1978, as amended, the Borrowers shall immediately pay to the Agent on behalf of the Lenders for deposit
in the Cash Deposit Account, an amount equal to the aggregate Available Amount of all Letters of Credit then outstanding, without
presentment, demand, protest or notice of any kind, all of which are hereby expressly waived by the Borrowers. If at any time the
Agent reasonably determines that any funds held in the Cash Deposit Account are subject to any right or interest of any Person
other than the Agent and the Lenders or that the total amount of such funds is less than the aggregate Available Amount of all
Letters of Credit, the Borrowers will, forthwith upon demand by the Agent, pay to the Agent, as additional funds to be deposited
and held in the Cash Deposit Account, an amount equal to the excess of (a) such aggregate Available Amount over (b) the total amount
of funds, if any, then held in the Cash Deposit Account that are free and clear of any such right and interest. Upon the drawing
of any Letter of Credit, to the extent funds are on deposit in the Cash Deposit Account, such funds shall be applied to reimburse
the Issuing Banks to the extent permitted by applicable law, and if so applied, then such reimbursement shall be deemed a

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repayment of the corresponding Advance in respect
of such Letter of Credit. After all such Letters of Credit shall have expired or been fully drawn upon and all other obligations
of the Borrowers hereunder and under the Notes shall have been paid in full, the balance, if any, in the Cash Deposit Account shall
be promptly returned to the Company.

 

ARTICLE VII

 

GUARANTEE

 

SECTION 7.01. Unconditional
Guarantee. For valuable consideration, receipt whereof is hereby acknowledged, and to induce each Lender to make Advances to
the Designated Subsidiaries and to induce the Agent to act hereunder, the Company hereby unconditionally and irrevocably guarantees
to each Lender and the Agent that:

 

(a) the principal
of and interest on each Advance to each Designated Subsidiary shall be promptly paid in full when due (whether at stated maturity,
by acceleration or otherwise) in accordance with the terms hereof, and, in case of any extension of time of payment, in whole or
in part, of such Advance, that all such sums shall be promptly paid when due (whether at stated maturity, by acceleration or otherwise)
in accordance with the terms of such extension; and

 

(b) all other amounts
payable hereunder by any Designated Subsidiary to any Lender or the Agent or the Sub-Agent, as the case may be, shall be promptly
paid in full when due in accordance with the terms hereof (the obligations of the Designated Subsidiaries under these subsections
(a) and (b) of this Section 7.01 being the “Obligations”).

 

In addition, the Company hereby unconditionally
and irrevocably agrees that upon default in the payment when due (whether at stated maturity, by acceleration or otherwise) of
any principal of, or interest on, any Advance to any Designated Subsidiary or such other amounts payable by any Designated Subsidiary
to any Lender or the Agent, the Company will forthwith pay the same, without further notice or demand.

 

SECTION 7.02. Guarantee Absolute.
The Company guarantees that the Obligations will be paid strictly in accordance with the terms of this Agreement, regardless of
any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of any Lender
or the Agent with respect thereto. The liability of the Company under this guarantee shall be absolute and unconditional irrespective
of:

 

(a) any lack of
validity or enforceability of this Agreement or any other agreement or instrument relating thereto;

 

(b) any change in
the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other amendment or waiver
of or any consent to departure from this Agreement;

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(c) any
exchange, release or non-perfection of any collateral, or any release or amendment or waiver of or consent to departure from any
other guaranty, for all or any of the Obligations; or

 

(d) any
other circumstance which might otherwise constitute a defense available to, or a discharge of, the Company, any Borrower or a guarantor.

 

This guarantee shall continue to be effective
or be reinstated, as the case may be, if at any time any payment of any of the Obligations is rescinded or must otherwise be returned
by any of the Lenders or the Agent upon the insolvency, bankruptcy or reorganization of the Company or any Borrower or otherwise,
all as though such payment had not been made.

 

SECTION 7.03. Waivers.
The Company hereby expressly waives diligence, presentment, demand for payment, protest, any requirement that any right or power
be exhausted or any action be taken against any Designated Subsidiary or against any other guarantor of all or any portion of the
Advances, and all other notices and demands whatsoever.

 

SECTION 7.04. Remedies.
Each of the Lenders and the Agent may pursue its respective rights and remedies under this Article VII and shall be entitled to
payment hereunder notwithstanding any other guarantee of all or any part of the Advances to the Designated Subsidiaries, and notwithstanding
any action taken by any such Lender or the Agent to enforce any of its rights or remedies under such other guarantee, or any payment
received thereunder. The Company hereby irrevocably waives any claim or other right that it may now or hereafter acquire against
any Designated Subsidiary that arises from the existence, payment, performance or enforcement of the Company’s obligations
under this Article VII, including, without limitation, any right of subrogation, reimbursement, exoneration, contribution or indemnification
and any right to participate in any claim or remedy of the Agent or the Lenders against any Designated Subsidiary, whether or not
such claim, remedy or right arises in equity or under contract, statute or common law, including, without limitation, the right
to take or receive from the Designated Subsidiary, directly or indirectly, in cash or other property or by set-off or in any other
manner, payment or security on account of such claim, remedy or right. If any amount shall be paid to the Company in violation
of the preceding sentence at any time when all the Obligations shall not have been paid in full, such amount shall be held in trust
for the benefit of the Lenders and the Agent and shall forthwith be paid to the Agent for its own account and the accounts of the
respective Lenders to be credited and applied to the Obligations, whether matured or unmatured, in accordance with the terms of
this Agreement, or to be held as collateral for any Obligations or other amounts payable under this Agreement thereafter arising.
The Company acknowledges that it will receive direct and indirect benefits from the financing arrangements contemplated by this
Agreement and that the waiver set forth in this section is knowingly made in contemplation of such benefits.

 

SECTION 7.05. No
Stay. The Company agrees that, as between (a) the Company and (b) the Lenders and the Agent, the Obligations of any
Designated Subsidiary guaranteed by the Company hereunder may be declared to be forthwith due and payable as provided in
Article VI hereof for purposes of this Article VII by declaration to the Company as guarantor notwithstanding any stay,
injunction or other prohibition preventing such declaration as against such Designated Subsidiary and that, in the event of
such declaration to the Company as guarantor, such

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Obligations
(whether or not due and payable by such Designated Subsidiary), shall forthwith become due and payable by the Company for purposes
of this Article VII.

 

SECTION 7.06. Survival.
This guarantee is a continuing guarantee and shall (a) remain in full force and effect until payment in full (after the Termination
Date) of the Obligations and all other amounts payable under this guaranty, (b) be binding upon the Company, its successors and
assigns, (c) inure to the benefit of and be enforceable by each Lender (including each assignee Lender pursuant to Section 9.06)
and the Agent and their respective successors, transferees and assigns and (d) shall be reinstated if at any time any payment to
a Lender or the Agent hereunder is required to be restored by such Lender or the Agent. Without limiting the generality of the
foregoing clause (c) but subject to Section 9.06, each Lender may assign or otherwise transfer its interest in any Advance to any
other person or entity, and such other person or entity shall thereupon become vested with all the rights in respect thereof granted
to such Lender herein or otherwise.

 

ARTICLE VIII

 

THE AGENT

 

SECTION 8.01. Authorization
and Authority. Each Lender hereby irrevocably appoints Citibank to act on its behalf as the Agent hereunder and authorizes
the Agent to take such actions on its behalf and to exercise such powers as are delegated to the Agent by the terms hereof, together
with such actions and powers as are reasonably incidental thereto. The provisions of this Article are solely for the benefit of
the Agent and the Lenders, and except as set forth in Section 8.07, no Borrower shall have rights as a third party beneficiary
of any of such provisions. It is understood and agreed that the use of the term “agent” herein or in any Note (or any
other similar term) with reference to the Agent, any syndication agent or any documentation agent is not intended to connote any
fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law. Instead such term is used
as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties.

 

SECTION 8.02. Rights
as a Lender. The Person serving as the 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 Agent, and the term “Lender” or “Lenders”
shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Agent hereunder
in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money to, own securities of, act as the
financial advisor or in any other advisory capacity for and generally engage in any kind of business with the Borrowers or any
Affiliate thereof as if such Person were not the Agent hereunder and without any duty to account therefor to the Lenders.

 

SECTION 8.03. Duties
of Agent; Exculpatory Provisions. (a) The Agent’s duties hereunder are solely ministerial and administrative in nature
and the Agent shall not have any duties or obligations except those expressly set forth herein. Without limiting the generality
of the foregoing, the Agent:

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(i) shall
not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing;

 

(ii) shall
not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers
expressly contemplated hereby that the Agent is required to exercise as directed in writing by the Majority Lenders (or such other
number or percentage of the Lenders as shall be expressly provided for herein); provided that the Agent shall not be required to
take any action that, in its opinion or the opinion of its counsel, may expose the Agent to liability or that is contrary to this
Agreement or applicable law, including for the avoidance of doubt any action that may be in violation of the automatic stay under
any debtor relief law or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation
of any debtor relief law; and

 

(iii) shall
not, except as expressly set forth herein, have any duty to disclose, and shall not be liable for the failure to disclose, any
information relating to the Company or any of its Affiliates that is communicated to or obtained by the Agent or any of its Affiliates
in any capacity.

 

(b) The Agent shall
not be liable for any action taken or not taken by it (i) with the consent or at the request of the Majority Lenders (or such other
number or percentage of the Lenders as shall be necessary, or as the Agent shall believe in good faith shall be necessary, under
the circumstances as provided in Section 9.01 or Section 6.01) or (ii) in the absence of its own gross negligence or willful misconduct.
The Agent shall be deemed not to have knowledge of any Default or the event or events that give or may give rise to any Default
unless and until the Company or any Lender shall have given notice to the Agent describing such Default and such event or events.

 

(c) The Agent shall
not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty, representation or other information
made or supplied in or in connection with this Agreement, (ii) the contents of any certificate, report or other document delivered
hereunder or in connection herewith or the adequacy, accuracy and/or completeness of the information contained therein, (iii) the
performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or the occurrence of
any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement or any other agreement, instrument
or document or the perfection or priority of any Lien or security interest created or purported to be created hereby or (v) the
satisfaction of any condition set forth in Article III or elsewhere herein, other than (but subject to the foregoing clause (ii))
to confirm receipt of items expressly required to be delivered to the Agent.

 

(d) Nothing in this
Agreement shall require the Agent or any of its Related Parties to carry out any “know your customer” or other checks
in relation to any Person on behalf of any Lender and each Lender confirms to the Agent that it is solely responsible for any such
checks it is required to carry out and that it may not rely on any statement in relation to such checks made by the Agent or any
of its Related Parties.

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SECTION 8.04. Reliance
by Agent. The Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice, request,
certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet
website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated by
the proper Person. The 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 an Advance, or the issuance of a Letter of Credit, that by its terms must be fulfilled to the satisfaction
of a Lender, the Agent may presume that such condition is satisfactory to such Lender unless an officer of the Agent responsible
for the transactions contemplated hereby shall have received notice to the contrary from such Lender prior to the making of such
Advance or the issuance of such Letter of Credit, and in the case of a Borrowing, such Lender shall not have made available to
the Agent such Lender’s ratable portion of such Borrowing. The Agent may consult with legal counsel (who may be counsel for
the Company), 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 8.05. Indemnification.
(a) Each Lender severally agrees to indemnify the Agent (to the extent not reimbursed by a Borrower), from and against such Lender’s
Ratable Share of any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements of any kind or nature whatsoever that may be imposed on, incurred by, or asserted against the Agent, in its capacity
as such, in any way relating to or arising out of this Agreement or any action taken or omitted by the Agent, in its capacity as
such, under this Agreement, provided that no Lender shall be liable for any portion of such liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from the Agent’s gross negligence
or willful misconduct. Without limitation of the foregoing, each Lender agrees to reimburse the Agent promptly upon demand for
its Ratable Share of any out-of-pocket expenses (including counsel fees) incurred by the Agent in connection with the preparation,
execution, delivery, administration, modification, amendment or enforcement (whether through negotiations, legal proceedings or
otherwise) of, or legal advice in respect of rights or responsibilities under, this Agreement, to the extent that the Agent is
not reimbursed for such expenses by a Borrower.

 

(b) Each Lender severally
agrees to indemnify the Issuing Banks (to the extent not promptly reimbursed by the Company) from and against such Lender’s
Ratable Share of any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or
disbursements of any kind or nature whatsoever that may be imposed on, incurred by, or asserted against any such Issuing Bank,
in its capacity as such, in any way relating to or arising out of this Agreement or any action taken or omitted by such Issuing
Bank, in its capacity as such, hereunder or in connection herewith; provided, however, that no Lender shall
be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses
or disbursements resulting from such Issuing Bank’s gross negligence or willful misconduct. Without limitation of the foregoing,
each Lender agrees to reimburse any such Issuing Bank promptly upon demand for its Ratable Share of any costs and expenses (including,
without limitation, fees and expenses of counsel) payable by the Company under Section 9.04, to the extent that such Issuing Bank
is not promptly reimbursed for such costs and expenses by the Company.

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(c) The Lenders severally
agree to indemnify the Swing Line Agent (to the extent not reimbursed by the Borrowers), from and against such Lender’s ratable
share (determined according to their respective Revolving Credit Commitments at such time) of any and all liabilities, obligations,
losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever that may
be imposed on, incurred by, or asserted against the Swing Line Agent, in its capacity as such, in any way relating to or arising
out of this Agreement or any action taken or omitted by the Swing Line Agent under this Agreement, provided that no Lender
shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements resulting from the Swing Line Agent’s gross negligence or willful misconduct. Without limitation
of the foregoing, each Lender agrees to reimburse the Swing Line Agent promptly upon demand for its ratable share of any out-of-pocket
expenses (including counsel fees) payable by the Borrowers under Section 9.04, to the extent that the Swing Line Agent is not reimbursed
for such expenses by the Borrowers.

 

(d) The failure of
any Lender to reimburse any Agent or any Issuing Bank promptly upon demand for its Ratable Share of any amount required to be paid
by the Lenders to the Agents as provided herein shall not relieve any other Lender of its obligation hereunder to reimburse any
Agent or any Issuing Bank for its Ratable Share of such amount, but no Lender shall be responsible for the failure of any other
Lender to reimburse any Agent or any Issuing Bank for such other Lender’s Ratable Share of such amount. Without prejudice
to the survival of any other agreement of any Lender hereunder, the agreement and obligations of each Lender contained in this
Section 8.05 shall survive the payment in full of principal, interest and all other amounts payable hereunder and under the Notes.
Each of the Agents and each Issuing Bank agrees to return to the Lenders their respective Ratable Shares of any amounts paid under
this Section 8.05 that are subsequently reimbursed by the Company or any Borrower. In the case of any investigation, litigation
or proceeding giving rise to any Indemnified Costs, this Section 8.05 applies whether any such investigation, litigation or proceeding
is brought by any Agent, any Lender or a third party.

 

SECTION 8.06. Delegation
of Duties. The Agent may perform any and all of its duties and exercise its rights and powers hereunder by or through any one
or more sub-agents appointed by the Agent. The Agent and any such sub-agent may perform any and all of its duties and exercise
its rights and powers by or through their respective Related Parties. Each such sub-agent and the Related Parties of the Agent
and each such sub-agent shall be entitled to the benefits of all provisions of this Article VIII and Section 9.04 (as though
such sub-agents were the “Agent” under this Agreement) as if set forth in full herein with respect thereto.

 

SECTION 8.07. Resignation
of Agent. (a) The Agent may at any time give notice of its resignation to the Lenders and the Company. The Company may at any
time after such notice of resignation, by notice to the Agent, propose a successor Agent (which shall meet the criteria described
below) and request that the Lenders be notified thereof by the Agent with a view to their appointment of such successor Agent;
the Agent agrees to forward any such notice to the Lenders promptly upon its receipt by the Agent. Upon receipt of any such notice
of resignation, the Majority Lenders shall have the right, in consultation with the Company, to appoint a successor, which shall
be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States having a combined
capital and surplus of at least $500,000,000. If no

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such successor shall have been so appointed
by the Majority Lenders and shall have accepted such appointment within 30 days after the retiring Agent gives notice of its resignation
(the “Resignation Effective Date”), then the retiring Agent may (but shall not be obligated to), on behalf of
the Lenders and the Issuing Banks and in consultation with the Company, appoint a successor Agent meeting the qualifications set
forth above. Whether or not a successor has been appointed, such resignation shall become effective in accordance with such notice
on the Resignation Effective Date.

 

(b) If the Person
serving as Agent is a Defaulting Lender pursuant to clause (v) of the definition thereof, the Majority Lenders may, to the extent
permitted by applicable law, by notice in writing to the Company and such Person remove such Person as Agent and, in consultation
with the Company, appoint a successor. If no such successor shall have been so appointed by the Majority Lenders and shall have
accepted such appointment within 30 days (or such earlier day as shall be agreed by the Majority Lenders) (the “Removal
Effective Date”), then such removal shall nonetheless become effective in accordance with such notice on the Removal
Effective Date.

 

(c) With effect from
the Resignation Effective Date or the Removal Effective Date (as applicable) (i) the retiring Agent shall be discharged from its
duties and obligations as Agent hereunder and (ii) all payments, communications and determinations provided to be made by, to or
through the Agent shall instead be made by or to each Lender directly, until such time as the Majority Lenders appoint a successor
Agent as provided for above in this paragraph. Upon the acceptance of a successor’s appointment as Agent hereunder, such
successor shall succeed to and become vested with all of the rights, powers, privileges and duties as Agent of the retiring (or
retired) Agent, and the retiring Agent shall be discharged from all of its duties and obligations as Agent hereunder (if not already
discharged therefrom as provided above in this paragraph). The fees payable by the Company to a successor Agent shall be the same
as those payable to its predecessor unless otherwise agreed between the Company and such successor. After the retiring Agent’s
resignation hereunder, the provisions of this Article and Section 9.04 shall continue in effect for the benefit of such retiring
Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them
while the retiring Agent was acting as Agent.

 

(d) Any resignation
pursuant to this Section by a Person acting as Agent shall, unless such Person shall notify the Company and the Lenders otherwise,
also act to relieve such Person and its Affiliates of any obligation to advance or issue new, or extend existing, Swing Line Advances
or Letters of Credit where such advance, issuance or extension is to occur on or after the effective date of such resignation.
Upon the acceptance of a successor’s appointment as Agent hereunder, (i) such successor shall succeed to and become vested
with all of the rights, powers, privileges and duties of the retiring Issuing Bank and Swing Line Bank, (ii) the retiring Issuing
Bank and Swing Line Bank shall be discharged from all of their respective duties and obligations hereunder, (iii) the successor
Swing Line Bank shall enter into an Assignment and Assumption and acquire from the retiring Swing Line Bank each outstanding Swing
Line Advance of such retiring Swing Line Bank for a purchase price equal to par plus accrued interest and (iv) the successor Issuing
Bank shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession
or make other arrangement satisfactory to the retiring Issuing Bank

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to effectively assume the obligations of
the retiring Issuing Bank with respect to such Letters of Credit.

 

SECTION 8.08. Non-Reliance
on Agent and Other Lenders. Each Lender acknowledges that it has, independently and without reliance upon the Agent or any
other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its
own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without
reliance upon the Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall
from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this
Agreement, any Note or any related agreement or any document furnished hereunder or thereunder.

 

SECTION 8.09. Other
Agents. Each Lender hereby acknowledges that none of the syndication agent or any documentation agent nor any other Lender
designated as any “Agent” on the cover or the signature pages hereof (other than the Agent and the Swing Line Agent)
has any liability hereunder other than in its capacity as a Lender, if applicable.

 

ARTICLE IX

 

MISCELLANEOUS

 

SECTION 9.01. Amendments,
Etc. No amendment or waiver of any provision of this Agreement or the Revolving Credit Notes, nor consent to any departure
by any Borrower therefrom, shall in any event be effective unless the same shall be in writing and signed by the Majority Lenders,
and then such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given;
provided, however, that no amendment, waiver or consent shall, unless in writing and signed by each of the Lenders
affected thereby, do any of the following: (a) increase the Commitments of such Lender, (b) reduce the principal of, or interest
on, the Advances or any fees or other amounts payable hereunder, (c) postpone any date fixed for any payment of principal of, or
interest on, the Advances or any fees or other amounts payable hereunder or extend the date of termination of such Lender’s
Commitment, (d) release the Company from any of its obligations under Article VII, (e) require the duration of an Interest Period
to be more than six months if such period is not available to all Lenders, (f) change the percentage
of the Commitments or of the aggregate unpaid principal amount of the Advances, or the number of Lenders, that shall be required
for the Lenders or any of them to take any action hereunder; or (g) amend this Section 9.01; and provided further
that (x) no amendment, waiver or consent shall, unless in writing and signed by the Agent in addition to the Lenders required above
to take such action, affect the rights or duties of the Agent under this Agreement or any Note, (y) no amendment, waiver or consent
shall, unless in writing and signed by the Issuing Banks in addition to the Lenders required above to take such action, adversely
affect the rights or obligations of the Issuing Banks in their capacities as such under this Agreement and (z) no amendment, waiver
or consent shall, unless in writing and signed by each Swing Line Bank, in addition to the Lenders required above to take such
action, affect the rights or obligations of the Swing Line Banks under this Agreement.

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SECTION 9.02. Notices,
Etc. (a) Except in the case of notices and other communications expressly permitted to be given by telephone (and except as
provided in 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 facsimile as follows:

 

(i) if to
the Company or any Designated Subsidiary, to the Company’s address at 101 Columbia Road, Morristown, New Jersey 07962-1219,
Attention: Assistant Treasurer (Facsimile No. (973) 695-1468); Telephone No. (973) 455-2290);

 

(ii) if
to the Agent, to Citibank, N.A. at 1615 Brett Road, Building #3, New Castle, Delaware 19720, Attention of Bank Loan Syndications;
(Facsimile No. (212) 994-0961; Telephone No. (302) 894-6160), with a copy to 388 Greenwich Street, New York, New York 10013, Attention:
Brian Reed;

 

(iii) if
to Citibank, N.A. in its capacity as an Issuing Bank, to it at 1615 Brett Road, Building #3, New Castle, Delaware 19720, Attention
of Bank Loan Syndications; (Facsimile No. (212) 994-0961; Telephone No. (302) 894-6160); and if to any other Issuing Bank, to it
at the address provided in writing to the Agent and the Company at the time of its appointment as an Issuing Bank hereunder;

 

(iv) if
to the Swing Line Agent, at its address at 25 Canada Square, Citigroup Centre, 5th Floor CGC2, Canary Wharf, London, UK, E14 5LB,
Attention: Jane Horner/Alasdair Watson; and

 

(v) if to
a Lender, to it at its address (or facsimile number) set forth in its Administrative Questionnaire.

 

Notices sent by hand
or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices
sent by facsimile shall be deemed to have been given when sent (except that, if not given during normal business hours for the
recipient, shall be deemed to have been given at the opening of business on the next business day for the recipient). Notices delivered
through electronic communications, to the extent provided in paragraph (b) below, shall be effective as provided in said paragraph
(b).

 

(b) Electronic
Communications. Notices and other communications to the Lenders and the Issuing Banks hereunder may be delivered or furnished
by electronic communication (including e-mail and Internet or intranet websites) pursuant to procedures approved by the Agent,
provided that the foregoing shall not apply to notices to any Lender or Issuing Bank pursuant to Article II if such Lender
or Issuing Bank, as applicable, has notified the Agent that it is incapable of receiving notices under such Article by electronic
communication. The Agent or the Borrowers may, in its discretion, agree to accept notices and other communications to it hereunder
by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited
to particular notices or communications.

 

Unless the Agent otherwise
prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt
of an acknowledgement

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from the intended recipient
(such as by the “return receipt requested” function, as available, return e-mail or other written acknowledgement),
and (ii) notices or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by
the intended recipient, at its e-mail address as described in the foregoing clause (i), of notification that such notice or communication
is available and identifying the website address therefor; provided that, for both clauses (i) and (ii) above, if such notice,
email or other communication is not sent during the normal business hours of the recipient, such notice or communication shall
be deemed to have been sent at the opening of business on the next business day for the recipient.

 

(c) Change of
Address, etc. Any party hereto may change its address or facsimile number for notices and other communications hereunder by
notice to the other parties hereto.

 

(d) Platform.-

 

(i) Each
Borrower agrees that the Agent may, but shall not be obligated to, make the Communications (as defined below) available to the
Issuing Banks and the other Lenders by posting the Communications on Debt Domain, Intralinks, Syndtrak or a substantially similar
electronic transmission system (the “Platform”).

 

(ii) The
Platform is provided “as is” and “as available.” The Agent Parties (as defined below) do not warrant the
adequacy of the Platform and expressly disclaim liability for errors or omissions in the Communications. No warranty of any kind,
express, implied or statutory, including, without limitation, any warranty of merchantability, fitness for a particular purpose,
non-infringement of third-party rights or freedom from viruses or other code defects, is made by any Agent Party in connection
with the Communications or the Platform. In no event shall the Agent or any of its Related Parties (collectively, the “Agent
Parties”) have any liability to any Borrower, any Lender or any other Person or entity for damages of any kind, including,
without limitation, direct or indirect, special, incidental or consequential damages, losses or expenses (whether in tort, contract
or otherwise) arising out of any Borrower’s or the Agent’s transmission of communications through the Platform, except
to the extent resulting from the gross negligence or willful misconduct of an Agent Party. “Communications”
means, collectively, any notice, demand, communication, information, document or other material that any Borrower provides to the
Agent pursuant to this Agreement or the transactions contemplated therein which is distributed to the Agent, any Lender or any
Issuing Bank by means of electronic communications pursuant to this Section, including through the Platform.

 

SECTION 9.03. No
Waiver; Remedies. No failure on the part of any Lender or the Agent to exercise, and no delay in exercising, any right hereunder
or under any Note shall operate as a waiver thereof; nor shall any single or partial exercise of any such right preclude any other
or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not exclusive of
any remedies provided by law.

 

SECTION 9.04. Costs
and Expenses. (a) The Company agrees to pay on demand all reasonable costs and expenses of the Agent in connection with the
administration, modification and amendment of this Agreement, the Notes and the other documents to be delivered hereunder,

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including, without limitation, (i) all
due diligence, syndication (including printing, distribution and bank meetings), transportation, computer, duplication, appraisal,
consultant, and audit expenses and (ii) the reasonable fees and expenses of counsel for the Agent with respect thereto. The Company
further agrees to pay on demand all costs and expenses of the Agent and the Lenders, if any (including, without limitation, reasonable
counsel fees and expenses), in connection with the enforcement (whether through negotiations, legal proceedings or otherwise) of
this Agreement, the Notes and the other documents to be delivered hereunder, including, without limitation, reasonable fees and
expenses of counsel for the Agent and each Lender in connection with the enforcement of rights under this Section 9.04(a).

 

(b) Each Borrower
agrees to indemnify and hold harmless the Agent and each Lender and each of their Related Parties (each, an “Indemnified
Party”) from and against any and all claims, damages, losses, liabilities and expenses (including, without limitation,
reasonable fees and expenses of counsel) that may be incurred by or asserted or awarded against any Indemnified Party, in each
case arising out of or in connection with or by reason of, or in connection with the preparation for a defense of, any investigation,
litigation or proceeding arising out of, related to or in connection with the Notes, this Agreement, any of the transactions contemplated
herein or the actual or proposed use of the proceeds of the Advances whether or not such investigation, litigation or proceeding
is brought by the Company, its directors, shareholders or creditors or an Indemnified Party or any other Person or any Indemnified
Party is otherwise a party thereto and whether or not the transactions contemplated hereby are consummated, except to the extent
any such claim, damage, loss, liability or expense has resulted from such Indemnified Party’s gross negligence or willful
misconduct, as finally determined in a nonappealable judgment of a court of competent jurisdiction.

 

The Company also agrees not to assert any
claim against any Indemnified Party on any theory of liability for special, indirect, consequential or punitive damages arising
out of or otherwise relating to the Notes, this Agreement, any of the transactions contemplated herein or the actual or proposed
use of the proceeds of the Advances or for any damages arising from the use by unintended recipients of information or other materials
distributed by it in connection with this Agreement through electronic telecommunications or other information transmission systems.

 

(c) (i) If any payment
of principal of, or Conversion of, any Eurocurrency Rate Advance or LIBO Rate Advance is made by the applicable Borrower to or
for the account of a Lender other than on the last day of the Interest Period for such Advance, as a result of a payment or Conversion
pursuant to Section 2.03(d), 2.06(b), 2.10(a) or (b) or 2.12, acceleration of the maturity of the Notes pursuant to Section 6.01
or for any other reason, or by an Eligible Assignee to a Lender other than on the last day of an Interest Period for such Advance
upon an assignment of rights and obligations under this Agreement pursuant to Section 9.06 as a result of a demand by the Company
pursuant to Section 2.06(b), the applicable Borrower shall, upon demand by such Lender (with a copy of such demand to the Agent),
pay to the Agent for the account of such Lender any amounts required to compensate such Lender for any additional losses, costs
or expenses that it may reasonably incur as a result of such payment or Conversion, including, without limitation, any loss (including
loss of anticipated profits), cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds
acquired by any Lender to fund or maintain such Advance.

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(ii) If any payment
of principal of any Swing Line Advance is made by the applicable Borrower to or for the account of a Swing Line Bank other than
on the maturity date for such Advance as specified in the applicable Notice of Swing Line Borrowing, as a result of a payment pursuant
to Section 2.06(b), 2.10(a) or (b) or 2.12, acceleration of the maturity of the Notes pursuant to Section 6.01 or for any other
reason, the applicable Borrower shall, upon demand by a Swing Line Bank (with a copy of such demand to the Agent and the Swing
Line Agent), pay to the Swing Line Agent for the account of such Swing Line Bank any amounts required to compensate such Swing
Line Bank for any additional losses, costs or expenses that it may reasonably incur as a result of such payment, including, without
limitation, any loss (including loss of anticipated profits), cost or expense incurred by reason of the liquidation or reemployment
of deposits or other funds acquired by any Swing Line Bank to fund or maintain such Advance.

 

(d) Without prejudice
to the survival of any other agreement of the Borrowers hereunder, the agreements and obligations of the Borrowers contained in
Sections 2.11, 2.14 and 9.04 shall survive the payment in full of principal, interest and all other amounts payable hereunder and
under the Notes and the termination in whole of any Commitment hereunder.

 

SECTION 9.05. Binding
Effect. This Agreement shall become effective on the Restatement Date and thereafter shall be binding upon and inure to the
benefit of each Borrower, the Agent, the Swing Line Agent and each Lender and their respective successors and permitted assigns,
except that no Borrower shall have the right to assign its rights hereunder or any interest herein without the prior written consent
of each Lender (and any other attempted assignment or transfer by any party hereto shall be null and void).

 

SECTION 9.06. Assignments
and Participations. (a) Successors and Assigns Generally. No Lender may assign or otherwise transfer any of its rights
or obligations hereunder except (i) to an assignee in accordance with the provisions of Section 9.06(b), (ii) by way of participation
in accordance with the provisions of Section 9.06(d), or (iii) by way of pledge or assignment of a security interest subject to
the restrictions of Section 9.06(f) (and any other attempted assignment or transfer by any party hereto shall be null and void).
Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their
respective successors and assigns permitted hereby, participants to the extent provided in Section 9.06(d) and, to the extent expressly
contemplated hereby, the Related Parties of each of the Agent and the Lenders) any legal or equitable right, remedy or claim under
or by reason of this Agreement.

 

(b) Assignments
by Lenders. Any Lender may at any time, with notice to the Company prior to making any proposal to any potential assignee,
assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion
of its Commitment and the Advances at the time owing to it); provided that (in each case with respect to any Facility) any
such assignment shall be subject to the following conditions:

 

(i) Minimum
Amounts.

 

(A) in the
case of an assignment of the entire remaining amount of the assigning Lender’s Commitment and/or the Advances at the time
owing to it (in

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each case with respect to any
Facility) or in the case of an assignment to a Lender or an Affiliate of a Lender, no minimum amount need be assigned; and

 

(B) in any
case not described in Section 9.06(b)(i)(A), the aggregate amount of the Commitment (which for this purpose includes Advances outstanding
thereunder) or, if the applicable Commitment is not then in effect, the principal outstanding balance of the Advances of the assigning
Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment
is delivered to the Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade
Date) shall not be less than $10,000,000, in the case of any assignment in respect of the Revolving Credit Facility, or $1,000,000,
in the case of any assignment in respect of the Letter of Credit Facility, unless each of the Agent and the Company (unless a Default
has occurred and is continuing at the time of such assignment) otherwise consents (each such consent not to be unreasonably
withheld or delayed).

 

(ii) Proportionate
Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s
rights and obligations under this Agreement with respect to the Advance or the Commitment assigned, except that this clause (ii)
shall not prohibit any Lender from assigning all or a portion of its rights and obligations among separate Facilities on a non-pro
rata basis, except that any assignment under the Revolving Credit Facility shall include a proportionate assignment under the Swing
Line Facility, if applicable.

 

(iii) Required
Consents. No consent shall be required for any assignment except to the extent required by Section 9.06(b)(i)(B) of this Section
and, in addition:

 

(A) the consent
of the Company (such consent not to be unreasonably withheld or delayed) shall be required unless (x) a Default has occurred
and is continuing at the time of such assignment, or (y) such assignment is to a Lender or an Affiliate of a Lender if notice of
such assignment is given to the Company; provided that the Company shall be deemed to have consented to any such assignment
unless it shall object thereto by written notice to the Agent within five Business Days after having received notice thereof;

 

(B) the consent
of the Agent (such consent not to be unreasonably withheld or delayed) shall be required for assignments in respect of the Revolving
Credit Facility if such assignment is to a Person that is not a Lender with a Commitment in respect of such Facility or an Affiliate
of such Lender; and

 

(C) the consent
of each Issuing Bank and Swing Line Bank (such consent not to be unreasonably withheld or delayed) shall be required for any assignment
in respect of the Revolving Credit Facility.

 

(iv) Assignment
and Assumption. The parties to each assignment shall execute and deliver to the Agent an Assignment and Assumption, together
with a processing and recordation fee of $3,500; provided that the Agent may, in its sole discretion, elect to waive

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such processing and recordation
fee in the case of any assignment. The assignee, if it is not a Lender, shall deliver to the Agent an Administrative Questionnaire.

 

(v) No
Assignment to Certain Persons. No such assignment shall be made to (A) the Company or any of the Company’s Affiliates
or Subsidiaries or (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder,
would constitute any of the foregoing Persons described in this clause (B).

 

(vi) No
Assignment to Natural Persons. No such assignment shall be made to a natural Person.

 

(vii) Certain
Additional Payments. In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such
assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the
assignment shall make such additional payments to the Agent in an aggregate amount sufficient, upon distribution thereof as appropriate
(which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions,
including funding, with the consent of the Company and the Agent, the applicable pro rata share of Advances previously requested
but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to
(x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Agent, each Issuing Bank, each Swing
Line Bank and each other Lender hereunder (and interest accrued thereon), and (y) acquire (and fund as appropriate) its full pro
rata share of all Advances and participations in Letters of Credit and Swing Line Advances in accordance with its Ratable Share.
Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall
become effective under applicable law without compliance with the provisions of this paragraph, then the assignee of such interest
shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs.

 

Subject to acceptance and recording thereof
by the Agent pursuant to Section 9.06(c), from and after the effective date specified in each Assignment and Assumption, the assignee
thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have
the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest
assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment
and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease
to be a party hereto) but shall continue to be entitled to the benefits of Sections 2.11, 2.14 and 9.04 and subject to its obligations
under Section 8.05 with respect to facts and circumstances occurring prior to the effective date of such assignment; provided,
that except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute
a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. Any assignment
or transfer by a Lender of rights or obligations under this Agreement that does not comply with this paragraph shall be treated
for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with Section
9.06(d).

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(c) Register.
The Agent, acting solely for this purpose as an agent of the Borrowers, shall maintain at one of its offices in the United States
a copy of each Assumption Agreement and each Assignment and Assumption delivered to and accepted by it and a register for the recordation
of the names and addresses of the Lenders, and the Commitments of, and principal amounts (and stated interest) of the Advances
owing to, each Lender pursuant to the terms hereof from time to time (the “Register”). In addition, the Agent
shall maintain on the Register information regarding the designation and revocation of designation of any Lender as a Defaulting
Lender. The entries in the Register shall be conclusive absent manifest error, and the Company, each other Borrower, the Agent
and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder
for all purposes of this Agreement. The Register shall be available for inspection by the Company, any other Borrower or any Lender,
at any reasonable time and from time to time upon reasonable prior notice.

 

(d) Participations.
Each Lender may sell participations to one or more banks or other entities (other than the Company or any of its Affiliates) in
or to all or a portion of its rights and obligations under this Agreement (including, without limitation, all or a portion of its
Commitment, the Advances owing to it and any Note or Notes held by it); provided, however, that (i) such Lender’s
obligations under this Agreement (including, without limitation, its Commitment to the Company and the other Borrowers hereunder)
shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such
obligations, (iii) such Lender shall remain the holder of any such Note for all purposes of this Agreement, (iv) the Company, any
other Borrower, the Agent 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, (v) no participant under any such participation shall have any
right to approve any amendment or waiver of any provision of this Agreement or any Note, or any consent to any departure by any
Borrower therefrom, except to the extent that such amendment, waiver or consent would reduce the principal of, or interest on,
the Notes or any fees or other amounts payable hereunder, in each case to the extent subject to such participation, or postpone
any date fixed for any payment of principal of, or interest on, the Notes or any fees or other amounts payable hereunder, in each
case to the extent subject to such participation and (vi) within 30 days of the effective date of such participation, such Lender
shall provide notice of such participation to the Company.

 

Each Lender that sells
a participation shall, acting solely for this purpose as a nonfiduciary agent of the Company, maintain a register on which it enters
the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in
the Advances or other obligations under the Loan Documents (the “Participant Register”); provided that
no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant
or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations
under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment,
loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations.
The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose
name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding
any notice to the contrary. For the avoidance of doubt, the Agent (in its capacity as Agent) shall have no responsibility for maintaining
a Participant Register.

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(e) Any Lender may,
in connection with any assignment or participation or proposed assignment or participation pursuant to this Section 9.06, disclose
to the assignee or participant or proposed assignee or participant, any information relating to the Company or any Borrower furnished
to such Lender by or on behalf of such Borrower; provided that, prior to any such disclosure, the assignee or participant
or proposed assignee or participant shall agree to preserve the confidentiality of any confidential information relating to such
Borrower received by it from such Lender.

 

(f) Certain Pledges.
Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure
obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or any central bank
having jurisdiction over it; provided that no such pledge or assignment shall release such Lender from any of its obligations
hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.

 

SECTION 9.07. Designated
Subsidiaries. (a) Designation. The Company may at any time, and from time to time, upon
not less than 15 Business Days’ notice in the case of any Subsidiary so designated after the Effective Date, notify the Agent
that the Company intends to designate a Subsidiary as a “Designated Subsidiary” for purposes
of this Agreement. On or after the date that is 15 Business Days after such notice, upon delivery to the Agent and each
Lender of a Designation Letter duly executed
by the Company and the respective Subsidiary and substantially in the form of Exhibit D hereto, such Subsidiary shall thereupon
become a “Designated Subsidiary” for purposes of this Agreement and, as such, shall have all of the rights and obligations
of a Borrower hereunder. The Agent shall promptly notify each Lender of the Company’s notice of such pending designation
by the Company and the identity of the respective Subsidiary. Following the giving of any notice pursuant to this Section
9.07(a), if the designation of such Designated Subsidiary obligates the Agent or any Lender to comply with “know your customer”
or similar identification procedures in circumstances where the necessary information is not already available to it, the Company
shall, promptly upon the request of the Agent or any Lender, supply such documentation and other evidence as is reasonably requested
by the Agent or any Lender in order for the Agent or such Lender to carry out and be satisfied it has complied with the results
of all necessary “know your customer” or other similar checks under all applicable laws and regulations.

 

If the Company shall
designate as a Designated Subsidiary hereunder any Subsidiary not organized under the laws of the United States or any State thereof,
any Lender may, with notice to the Agent and the Company, fulfill its Commitment by causing an Affiliate of such Lender to act
as the Lender in respect of such Designated Subsidiary.

 

As
soon as practicable after receiving notice from the Company or the Agent of the Company’s intent to designate a Subsidiary
as a Designated Borrower, and in any event no later than five Business Days after the delivery of such notice, for a Designated
Subsidiary that is organized under the laws of a jurisdiction other than of the United States or a political subdivision thereof,
any Lender that may not legally lend to, establish credit for the account of and/or do any business whatsoever with such Designated
Subsidiary, either directly or through an Affiliate of such Lender selected pursuant to the immediately preceding paragraph (a
“Protesting Lender”) shall so notify the Company and the Agent in writing. With respect to each Protesting Lender,
the 

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Company shall, effective on or before the
date that such Designated Subsidiary shall have the right to borrow hereunder, either (A) notify the Agent and such Protesting
Lender that the Commitments of such Protesting Lender shall be terminated; provided that such Protesting Lender shall have
received payment of an amount equal to the outstanding principal of its Advances and/or Letter of Credit reimbursement obligations,
accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (to the extent of such
outstanding principal and accrued interest and fees) or the Company or the relevant Designated Subsidiary (in the case of all other
amounts), or (B) cancel its request to designate such Subsidiary as a “Designated Subsidiary” hereunder.

 

(b) Termination.
Upon the payment and performance in full of all of the indebtedness, liabilities and obligations under this Agreement and the Notes
of any Designated Subsidiary then, so long as at the time no Notice of Revolving Credit Borrowing or Notice of Competitive Bid
Borrowing in respect of such Designated Subsidiary is outstanding, such Subsidiary’s status as a “Designated Subsidiary”
shall terminate upon notice to such effect from the Agent to the Lenders (which notice the Agent shall give promptly upon its receipt
of a request therefor from the Company). Thereafter, the Lenders shall be under no further obligation to make any Advance hereunder
to such Designated Subsidiary.

 

SECTION 9.08. Confidentiality.
(a) Each of the Lenders and the Agent hereby agrees that it shall not disclose any financial reports and other information from
time to time supplied to it by the Company hereunder to the extent that such information is not and does not become publicly available
and which the Company indicates at the time is to be treated confidentially, provided, however, that nothing herein
shall affect the disclosure of any such information (i) by the Agent to any Lender, (ii) to the extent required by law (including
statute, rule, regulation or judicial process), (iii) to counsel for any Lender or the Agent or to their respective independent
public accountants, (iv) to bank examiners and auditors and appropriate government examining authorities or self-regulatory bodies
having or claiming oversight any Lender or its affiliates, (v) to the Agent or any other Lender, (vi) in connection with any litigation
to which any Lender or the Agent is a party relating hereto or in connection with the exercise of any remedies hereunder, (vii)
to actual or prospective assignees and participants as contemplated by Section 9.06(e), (viii) to any Affiliate of the Agent or
any Lender or to such Affiliate’s officers, directors, employees, agents and advisors, provided that, prior to any
such disclosure, such Affiliate or such Affiliate’s officers, directors, employees, agents or advisors, as the case may be,
shall agree to preserve the confidentiality of any confidential information relating to the Company received by it, (ix) to any
actual or prospective party (or its managers, administrators, trustees, partners, directors, officers, employees, agents, advisors
and other representatives) to any swap, derivative, financial insurance or other transaction under which payments are to be made
by reference to the Borrowers and their obligations hereunder, this Agreement or payments hereunder or (x) with the written consent
of the Company; a determination by a Lender or the Agent as to the application of the circumstances described in the foregoing
clauses (i)-(ix) being conclusive if made in good faith; and each of the Lenders and the Agent agrees that it will follow procedures
which are intended to put any transferee of such confidential information on notice that such information is confidential.

 

(b) Each Borrower
agrees to maintain the confidentiality of any information relating to a rate provided by a Swing Line Bank in accordance with Section
2.08(a)(ii), except that

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(i) each Borrower may disclose the actual
interest rate paid under this Agreement, and (ii) such information may be disclosed (A) to the extent required by law (including
statute, rule, regulation or judicial process), (B) to counsel for the Borrowers or to their respective independent public accountants,
(C) to examiners and auditors and appropriate government examining authorities or self-regulatory bodies having or claiming oversight
any Borrower or its Affiliates, (D) in connection with any litigation to which any Borrower is a party relating hereto or in connection
with the exercise of any remedies hereunder, (E) to any Affiliate of any Borrower or to such Affiliate’s officers, directors,
employees, agents and advisors or (F) with the written consent of the applicable Swing Line Bank, provided that, prior to
any such disclosure, such Affiliate or such Affiliate’s officers, directors, employees, agents or advisors, as the case may
be, shall agree to preserve the confidentiality of such information; a determination by a Borrower as to the application of the
circumstances described in the foregoing clauses (A)-(E) being conclusive if made in good faith; and each of the Borrowers agrees
that it will follow procedures which are intended to put any transferee of such confidential information on notice that such information
is confidential.

 

SECTION 9.09. Mitigation
of Yield Protection. Each Lender hereby agrees that, commencing as promptly as practicable after it becomes aware of the occurrence
of any event giving rise to the operation of Section 2.11(a), 2.12 or 2.14 with respect to such Lender, such Lender will give notice
thereof through the Agent to the respective Borrower. A Borrower may at any time, by notice through the Agent to any Lender, request
that such Lender change its Applicable Lending Office as to any Advance or Type of Advance or that it specify a new Applicable
Lending Office with respect to its Commitment and any Advance held by it or that it rebook any such Advance with a view to avoiding
or mitigating the consequences of an occurrence such as described in the preceding sentence, and such Lender will use reasonable
efforts to comply with such request unless, in the opinion of such Lender, such change or specification or rebooking is inadvisable
or might have an adverse effect, economic or otherwise, upon it, including its reputation. In addition, each Lender agrees that,
except for changes or specifications or rebookings required by law or effected pursuant to the preceding sentence, if the result
of any change or change of specification of Applicable Lending Office or rebooking would, but for this sentence, be to impose additional
costs or requirements upon the respective Borrower pursuant to Section 2.11(a), Section 2.12 or Section 2.14 (which would not be
imposed absent such change or change of specification or rebooking) by reason of legal or regulatory requirements in effect at
the time thereof and of which such Lender is aware at such time, then such costs or requirements shall not be imposed upon such
Borrower but shall be borne by such Lender. All expenses incurred by any Lender in changing an Applicable Lending Office or specifying
another Applicable Lending Office of such Lender or rebooking any Advance in response to a request from a Borrower shall be paid
by such Borrower. Nothing in this Section 9.09 (including, without limitation, any failure by a Lender to give any notice contemplated
in the first sentence hereof) shall limit, reduce or postpone any obligations of the respective Borrower under Section 2.11(a),
Section 2.12 or Section 2.14, including any obligations payable in respect of any period prior to the date of any change or specification
of a new Applicable Lending Office or any rebooking of any Advance.

 

SECTION 9.10. Governing
Law. This Agreement and the Notes shall be governed by, and construed in accordance with, the law of the State of New York.

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SECTION 9.11. Execution
in Counterparts. This Agreement may be executed in any number of counterparts and by different parties hereto in separate counterparts,
each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same
agreement. Delivery of an executed counterpart of a signature page to this Agreement by telecopier shall be effective as delivery
of a manually executed counterpart of this Agreement.

 

SECTION 9.12. Jurisdiction,
Etc. (a) Each of the parties hereto hereby irrevocably and unconditionally agrees that it will not commence any action, litigation
or proceeding of any kind or description, whether in law or equity, whether in contract or in tort or otherwise, against the Agent,
any Lender, any Issuing Bank, or any Related Party of the foregoing in any way relating to this Agreement or the transactions relating
hereto or thereto, in any forum other than the courts of the State of New York sitting in New York County, and of the United States
District Court of the Southern District of New York, and any appellate court from any thereof, and each of the parties hereto irrevocably
and unconditionally submits to the jurisdiction of such courts and agrees that all claims in respect of any such action, litigation
or proceeding may be heard and determined in such New York State court or, to the fullest extent permitted by applicable law, in
such federal court. Each Designated Subsidiary hereby agrees that service of process in any such action or proceeding brought in
the any such New York State court or in such federal court may be made upon the Company at its
address specified in Section 9.02, and each Designated Subsidiary hereby irrevocably appoints the Company its authorized agent
to accept such service of process, and agrees that the failure of the Company to give any notice of any such service shall not
impair or affect the validity of such service or of any judgment rendered in any action or proceeding based thereon. Each Borrower
hereby further irrevocably consents to the service of process in any action or proceeding in such courts by the mailing thereof
by any parties hereto by registered or certified mail, postage prepaid, to such Borrower at its address specified pursuant to Section
9.02. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be conclusive and may be enforced
in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any
right that any party may otherwise have to serve legal process in any other manner permitted by law or to bring any action or proceeding
relating to this Agreement or the Notes in the courts of any jurisdiction. To the extent that each Designated Subsidiary has or
hereafter may acquire any immunity from jurisdiction of any court or from any legal process (whether through service or notice,
attachment prior to judgment, attachment in aid of execution, execution or otherwise) with respect to itself or its property, each
Designated Subsidiary hereby irrevocably waives such immunity in respect of its obligations under this Agreement.

 

(b) Each of the parties
hereto irrevocably and unconditionally waives, to the fullest extent it may legally and effectively do so, any objection that 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 the Notes in any New York State or federal court. Each of the parties hereto hereby irrevocably waives, to the fullest extent
permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court.

 

SECTION 9.13. Substitution
of Currency. If a change in any Foreign Currency occurs pursuant to any applicable law, rule or regulation of any governmental,
monetary or multi-national authority, this Agreement (including, without limitation, the definitions of

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Eurocurrency Rate and LIBO Rate) will be
amended to the extent determined by the Agent (acting reasonably and in consultation with the Company) to be necessary to reflect
the change in currency and to put the Lenders and the Borrowers in the same position, so far as possible, that they would have
been in if no change in such Foreign Currency had occurred.

 

SECTION 9.14. Final
Agreement. This written agreement represents the full and final agreement between the parties with respect to the matters addressed
herein and supersedes all prior communications, written or oral, with respect thereto. There are no unwritten agreements between
the parties.

 

SECTION 9.15. Judgment.
(a) If for the purposes of obtaining judgment in any court it is necessary to convert a sum due hereunder or under the Notes in
any currency (the “Original Currency”) into another currency (the “Other Currency”), the
parties hereto agree, to the fullest extent that they may effectively do so, that the rate of exchange used shall be that at which
in accordance with normal banking procedures the Agent could purchase the Original Currency with the Other Currency at 9:00 A.M.
(New York City time) on the first Business Day preceding that on which final judgment is given.

 

(b) The obligation
of each Borrower in respect of any sum due in the Original Currency from it to any Lender or the Agent hereunder or under the Revolving
Credit Note or Revolving Credit Notes held by such Lender shall, notwithstanding any judgment in any Other Currency, be discharged
only to the extent that on the Business Day following receipt by such Lender or the Agent (as the case may be) of any sum adjudged
to be so due in such Other Currency, such Lender or the Agent (as the case may be) may in accordance with normal banking procedures
purchase Dollars with such Other Currency; if the amount of Dollars so purchased is less than the sum originally due to such Lender
or the Agent (as the case may be) in the Original Currency, such Borrower agrees, as a separate obligation and notwithstanding
any such judgment, to indemnify such Lender or the Agent (as the case may be) against such loss, and if the amount of the Original
Currency so purchased exceeds the sum originally due to any Lender or the Agent (as the case may be) in the Original Currency,
such Lender or the Agent (as the case may be) agrees to remit to such Borrower such excess.

 

SECTION 9.16. No
Liability of the Issuing Banks. None of the Agent, the Lenders nor any Issuing Bank, nor any of their Affiliates, or the respective
directors, officers, employees, agents and advisors of such Person or such Affiliate, 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, 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 the applicable Issuing Bank; provided that
the foregoing shall not be construed to excuse any Issuing Bank from liability to the applicable Borrower to the extent of any
direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by the Borrowers to the extent
permitted by applicable law) suffered by such 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 or any failure
to honor a Letter of Credit where such Issuing Bank is, under applicable law, required to honor it. The
parties hereto 

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expressly agree that, as long as the Issuing
Bank has not acted with gross negligence or willful misconduct, 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 documents presented which appear on their face to be in substantial compliance with the terms of a Letter of Credit, an Issuing
Bank may, in its reasonable discretion, either accept and make payment upon such documents without responsibility for further investigation
or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such
Letter of Credit.

 

SECTION 9.17. Patriot
Act Notice. Each Lender hereby notifies the Company that pursuant to the requirements of the USA Patriot Act (Title III of
Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information
that identifies each borrower, guarantor or grantor (the “Loan Parties”), which information includes the name and address
of each Loan Party and other information that will allow such Lender to identify such Loan Party in accordance with the Act.

 

SECTION 9.18. License
Agreement and CDS Data.

 

(a) The Agent hereby
notifies the Company and the Lenders that it has entered into a licensing agreement (the “Licensing Agreement”)
with Markit, pursuant to which Markit will provide to the Agent for each Business Day a composite end of day credit default swap
spread for the five (5) year credit default swap spread of the Company (the “CDS Data”) that the Agent will
use to determine the Credit Default Swap Spread. The Agent hereby further notifies the Company and the Lenders that, pursuant to
the Licensing Agreement, (i) the CDS Data will be provided by Markit on an “as is” basis, without express or implied
warranty as to accuracy, completeness, title, merchantability or fitness for a particular purpose, (ii) Markit has no liability
to the Agent for any inaccuracies, errors or omissions in the CDS Data, except in the event of its gross negligence, fraud or willful
misconduct, (iii) the CDS Data, as provided by Markit, constitutes confidential information (and each Lender agrees to treat such
information in confidence to the same extent and in the same manner as such Bank is required to hold confidential information pursuant
to Section 9.08 hereof), (iv) the CDS Data, as provided by Markit, may be used by the Agent, the Company and the Lenders solely
for the purposes of this Agreement and (v) Markit and the Agent, except in each case in the event of its gross negligence, fraud
or willful misconduct, shall have no liability whatsoever to either the Company or any Lender or any client of a Lender, whether
in contract, in tort, under a warranty, under statute or otherwise, in respect of any loss or damage suffered by the Company, such
Lender or client as a result of or in connection with any opinions, recommendations, forecasts, judgments or any other conclusions,
or any course of action determined, by such Lender or any client of such Lender based on the CDS Data. Each of the Company and
the Lenders (other than Citibank, N.A., in its capacity as the Agent, which is a party thereto) agrees that it shall not be a third
party beneficiary of the Licensing Agreement and shall have no rights or obligations thereunder.

 

(b) The CDS Data
shall be made available to the Company pursuant to procedures agreed upon by the Company and the Agent, including procedures that
permit uninterrupted, online access. The Company agrees that it will use reasonable efforts (e.g., procedures substantially comparable
to those applied by the Company in respect of non-public information as to the business of the Company) to keep confidential the
CDS Data and the related

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materials provided by Markit pursuant to
the Licensing Agreement to the extent that the same is not and does not become publicly available.

 

(c) It is understood
and agreed that in the event of a breach of confidentiality, damages may not be an adequate remedy and that the Licensing Agreement
provides that Markit shall be entitled to injunctive relief to restrain any such breach, threatened or actual.

 

(d) The Company acknowledges
that each of the Agent and the Lenders from time to time may conduct business with and may be a shareholder of Markit and that
each of the Agent and the Lenders may have from time to time the right to appoint one or more directors to the board of directors
of Markit.

 

(e) Notwithstanding
the foregoing, the Agent hereby represents and warrants to the Company that the Agent has the express authority under the Licensing
Agreement to provide the CDS Data and the related materials provided from time to time by Markit to the Company.

 

SECTION 9.19. No
Fiduciary Duty. Each Borrower acknowledges that the Agent, each Lender and their respective Affiliates (collectively, solely
for purposes of this paragraph, the “Lender Parties”), each is acting pursuant to a contractual relationship
on an arm’s length basis, and the parties hereto do not intend that any Lender Party act or be responsible as a fiduciary
to any Borrower, its management, stockholders, creditors or any other person. Each Borrower and each Lender Party hereby expressly
disclaims any fiduciary relationship and agrees they are each responsible for making their own independent judgments with respect
to any transactions entered into between them. Each Borrower also hereby acknowledges that no Lender Party has advised nor is advising
such Borrower as to any legal, accounting, regulatory or tax matters, and that such Borrower is consulting its own advisors concerning
such matters to the extent it deems appropriate. Each Lender Party may have economic interest that conflict with those of the Borrowers,
their stockholders and/or their Affiliates.

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SECTION 9.20. Waiver
of Jury Trial. Each party hereto hereby irrevocably waives, to the fullest extent permitted by applicable law, any right it
may have to a trial by jury in any legal proceeding directly or indirectly arising out of or relating to this Agreement or any
Note or the transactions contemplated hereby or thereby (whether based on contract, tort or any other theory). Each party hereto
(a) certifies that no representative, agent or attorney of any other Person has represented, expressly or otherwise, that such
other Person would not, in the event of litigation, seek to enforce the foregoing waiver and (b) acknowledges that it and the other
parties hereto have been induced to enter into this Agreement by, among other things, the mutual waivers and certifications in
this section.

 

IN WITNESS WHEREOF,
the parties hereto have caused this Agreement to be executed by their respective officers thereunto duly authorized, as of the
date first above written.

 

	 	HONEYWELL INTERNATIONAL INC.	 
	 	 	 	 
	 	By:  	/s/ John J. Tus	 
	 	Name: John J. Tus	 
	 	Title:  Vice President and Treasurer	 
	 	 	 	 
	 	CITIBANK, N.A., as Agent, an Initial Issuing Bank, an Initial Swing Line Bank and an Initial Lender
	 	 	 	 
	 	By: 	/s/ Carolyn Kee	 
	 	Name: Carolyn Kee	 
	 	Title:  Vice President	 

 

[Honeywell Credit Agreement]

    	 

    	

    

	ARRANGER AND SYNDICATION AGENT
	 	 	 	 	 	 	 
	 	 	 	JPMORGAN CHASE BANK, N.A., as an Initial  Issuing Bank, an Initial Swing Line Bank and an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Aized A. Rabbani	 	 
	 	 	 	Name:  Aized A. Rabbani	 	 
	 	 	 	Title:  Executive Director	 	 

 

	DOCUMENTATION AGENTS
	 	 	 	 	 	 	 
	 	 	 	BANK OF AMERICA, N.A., as an Initial
    Issuing Bank and an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ George Hlentzas	 	 
	 	 	 	Name:  George Hlentzas	 	 
	 	 	 	Title:  Director	 	 
	 	 	 	 	 	 	 
	 	 	 	BARCLAYS BANK PLC, as an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Noam Azachi	 	 
	 	 	 	Name:  Noam Azachi	 	 
	 	 	 	Title:  Vice President	 	 
	 	 	 	 	 	 	 
	 	 	 	DEUTSCHE BANK AG NEW YORK BRANCH, as an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Ming K. Chu	 	 
	 	 	 	Name:  Ming K. Chu	 	 
	 	 	 	Title:  Vice President	 	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Virginia Cosenza	 	 
	 	 	 	Name:  Virginia Cosenza	 	 
	 	 	 	Title:  Vice President	 	 
	 	 	 	 	 	 	 
	 	 	 	GOLDMAN SACHS BANK USA, as an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Mark Walton	 	 
	 	 	 	Name:  Mark Walton	 	 
	 	 	 	Title:  Authorized Signatory	 	 

 

[Honeywell Credit Agreement]

    	 

    	

    

	 	 	 	THE ROYAL BANK OF SCOTLAND PLC, as an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Jeannine Pascal	 	 
	 	 	 	Name:  Jeannine Pascal	 	 
	 	 	 	Title:  Vice President	 	 
	 	 	 	 	 	 	 
	 	 	 	THE BANK OF TOKYO-MITSUBISHI UFJ,
    LTD., as an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Maria Iarriccio	 	 
	 	 	 	Name:  Maria Iarriccio	 	 
	 	 	 	Title:  Vice President	 	 
	 	 	 	 	 	 	 
	 	 	 	MORGAN STANLEY BANK, N.A., as an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Michael King	 	 
	 	 	 	Name:  Michael King	 	 
	 	 	 	Title:  Authorized Signatory	 	 
	 	 	 	 	 	 	 
	 	LENDERS
	 	 	 	 	 	 	 
	 	 	 	AUSTRALIA AND NEW ZEALAND BANKING
    GROUP LIMITED, as an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Robert Grillo	 	 
	 	 	 	Name:  Robert Grillo	 	 
	 	 	 	Title:  Director	 	 
	 	 	 	 	 	 	 
	 	 	 	BANCO BILBAO VIZCAYA ARGENTARIA S.A., NEW YORK BRANCH, as an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Lucca Sacchi	 	 
	 	 	 	Name:  Luca Sacchi	 	 
	 	 	 	Title:  Managing Director	 	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Brian Crowley	 	 
	 	 	 	Name:  Brian Crowley	 	 
	 	 	 	Title:  Managing Director	 	 

 

[Honeywell Credit Agreement]

    	 

    	

    

			

	 	 	 	BNP PARIBAS, as an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Berangere Allen	 	 
	 	 	 	Name:  Berangere Allen	 	 
	 	 	 	Title:  Director	 	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Richard Pace	 	 
	 	 	 	Name:  Richard Pace	 	 
	 	 	 	Title:  Managing Director	 	 
	 	 	 	 	 	 	 
	 	 	 	HSBC BANK USA, NATIONAL ASSOCIATION, as an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Patrick D. Mueller	 	 
	 	 	 	Name:  Patrick D. Mueller	 	 
	 	 	 	Title:  Director	 	 
	 	 	 	 	 	 	 
	 	 	 	INTESA SANPAOLO S.P.A., NEW YORK BRANCH, as an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ John J. Michalisin	 	 
	 	 	 	Name:  John J. Michalisin	 	 
	 	 	 	Title:  First Vice President	 	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Francesco Di Mario	 	 
	 	 	 	Name:  Francesco Di Mario	 	 
	 	 	 	Title:  F.V.P. & Head of Credit	 	 
	 	 	 	 	 	 	 
	 	 	 	MIZUHO BANK, LTD., as an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Donna DeMagistris	 	 
	 	 	 	Name:  Donna DeMagistris	 	 
	 	 	 	Title:  Authorized Signatory	 	 
	 	 	 	 	 	 	 
	 	 	 	ROYAL BANK OF CANADA, as an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Scott Umbs	 	 
	 	 	 	Name:  Scott Umbs	 	 
	 	 	 	Title:  Authorized Signatory	 	 
	 	 	 	 	 	 	 
	 	 	 	SOCIETE GENERALE, as an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Linda Tam	 	 
	 	 	 	Name:  Linda Tam	 	 
	 	 	 	Title:  Director	 	 

 

[Honeywell Credit Agreement]

    	 

    	

    

			

	 	 	 	STANDARD CHARTERED BANK, as an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Johanna Minaya	 	 
	 	 	 	Name:  Johanna Minaya	 	 
	 	 	 	Title:  Associate Director	 	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Robert K. Reddington	 	 
	 	 	 	Name:  Robert K. Reddington	 	 
	 	 	 	Title:  Credit Documentation Manager	 	 
	 	 	 	 	   Credit Documentation Unit, WB	 	 
	 	 	 	 	   Legal-Americas	 	 
	 	 	 	 	 	 	 
	 	 	 	SUMITOMO MITSUI
    BANKING CORPORATION, as an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ David W. Kee	 	 
	 	 	 	Name:  David W. Kee	 	 
	 	 	 	Title:  Managing Director	 	 
	 	 	 	 	 	 	 
	 	 	 	THE BANK OF NEW YORK MELLON, as an
    Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Jeffrey Dears	 	 
	 	 	 	Name:  Jeffrey Dears	 	 
	 	 	 	Title:  Vice President	 	 
	 	 	 	 	 	 	 
	 	 	 	THE NORTHERN TRUST COMPANY, as an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Andrew D Holtz	 	 
	 	 	 	Name:  Andrew D Holtz	 	 
	 	 	 	Title:  Senior Vice President	 	 
	 	 	 	 	 	 	 
	 	 	 	TORONTO DOMINION (TEXAS) LLC, as an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Marie Fernandes	 	 
	 	 	 	Name:  Marie Fernandes	 	 
	 	 	 	Title:  Authorized Signatory	 	 
	 	 	 	 	 	 	 
	 	 	 	U.S. BANK NATIONAL ASSOCIATION, as an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Robert C. Mayer, Jr.	 	 
	 	 	 	Name:  Robert C. Mayer, Jr.	 	 
	 	 	 	Title:  Vice President	 	 

 

[Honeywell Credit Agreement]

    	 

    	

    

	 	 	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, as an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ James Travagline	 	 
	 	 	 	Name: James Travagline	 	 
	 	 	 	Title: Director	 	 
	 	 	 	 	 	 	 
	 	 	 	BANK OF CHINA, NEW YORK BRANCH, as
    an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Haifeng Xu	 	 
	 	 	 	Name: Haifeng Xu	 	 
	 	 	 	Title: Assistant General Manager	 	 
	 	 	 	 	 	 	 
	 	 	 	COMMONWEALTH BANK OF AUSTRALIA, as an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Jared M Kendler	 	 
	 	 	 	Name:  Jared M Kendler	 	 
	 	 	 	Title:  Associate Director	 	 
	 	 	 	 	 	 	 
	 	 	 	CREDIT AGRICOLE CORPORATE & INVESTMENT BANK, as an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Pamela Donnelly	 	 
	 	 	 	Name:  Pamela Donnelly	 	 
	 	 	 	Title:  Managing Director	 	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Brad Matthews	 	 
	 	 	 	Name:  Brad Matthews	 	 
	 	 	 	Title:  Vice President	 	 
	 	 	 	 	 	 	 
	 	 	 	DANSKE BANK A/S, as an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Jorgen Linnet	 	 
	 	 	 	Name:  Jorgen Linnet	 	 
	 	 	 	Title:  Chief Loan Manager	 	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Klaus Vilsen	 	 
	 	 	 	Name:  Klaus Vilsen	 	 
	 	 	 	Title:  Nordic Head of Loan Management	 	 
	 	 	 	 	 	 	 
	 	 	 	DBS BANK LTD., LOS ANGELES AGENCY, as an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ James McWalters	 	 
	 	 	 	Name:  James McWalters	 	 
	 	 	 	Title:  General Manager	 	 

 

[Honeywell Credit Agreement]

    	 

    	

    

			

	 	 	 	INDUSTRIAL AND COMMERCIAL BANK OF
    CHINA, LIMITED, NEW YORK BRANCH, as an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Mingqiang Bi	 	 
	 	 	 	Name:  Mingqiang Bi	 	 
	 	 	 	Title:  General Manager	 	 
	 	 	 	 	 	 	 
	 	 	 	LLOYDS BANK PLC, as an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Stephen Giacolone	 	 
	 	 	 	Name:  Stephen Giacolone	 	 
	 	 	 	Title:  Assistant Vice President	 	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Karen Weich	 	 
	 	 	 	Name:  Karen Weich	 	 
	 	 	 	Title:  Vice President	 	 
	 	 	 	 	 	 	 
	 	 	 	SANTANDER BANK, N.A., as an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Matthew Bartlett	 	 
	 	 	 	Name:  Matthew Bartlett	 	 
	 	 	 	Title:  Vice President	 	 
	 	 	 	 	 	 	 
	 	 	 	THE BANK OF NOVA SCOTIA, as an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ David Mahmood	 	 
	 	 	 	Name:  David Mahmood	 	 
	 	 	 	Title:  Managing Director	 	 
	 	 	 	 	 	 	 
	 	 	 	UNICREDIT BANK AG, NEW YORK BRANCH, as an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Ken Hamilton	 	 
	 	 	 	Name:  Ken Hamilton	 	 
	 	 	 	Title:  Director	 	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Umberto Serrano	 	 
	 	 	 	Name:  Umberto Serrano	 	 
	 	 	 	Title:  Director	 	 

 

[Honeywell Credit Agreement]

    	 

    	

    

			

	 	 	 	WESTPAC BANKING CORPORATION, as an Initial Lender	 
	 	 	 	 	 	 	 
	 	 	 	By:	/s/ Richard Yarnold	 	 
	 	 	 	Name:  Richard Yarnold	 	 
	 	 	 	Title:  Senior Relationship Manager, Corporate & Insitutional Banking

 

[Honeywell Credit Agreement]

    	 

    	

    
SCHEDULE I

REVOLVING CREDIT COMMITMENTS AND LETTER OF CREDIT

COMMITMENTS

 

	NAME OF INITIAL LENDER	 	REVOLVING
 CREDIT
 COMMITMENT	 	 	LETTER OF
 CREDIT
 COMMITMENT	 	 	SWING LINE
 COMMITMENT	 
	Australia and New Zealand Banking Group Limited	 	$	120,000,000	 	 	 	 	 	 	 	 	 
	Banco Bilbao Vizcaya Argentaria S.A., New York Branch	 	$	120,000,000	 	 	 	 	 	 	 	 	 
	Bank of America, N.A.	 	$	180,000,000	 	 	$	166,666,666	 	 	 	 	 
	Bank of China, New York Branch	 	$	60,000,000	 	 	 	 	 	 	 	 	 
	The Bank of New York Mellon	 	$	120,000,000	 	 	 	 	 	 	 	 	 
	The Bank of Nova Scotia	 	$	60,000,000	 	 	 	 	 	 	 	 	 
	The Bank of Tokyo-Mitsubishi UFJ, Ltd.	 	$	108,000,000	 	 	 	 	 	 	 	 	 
	Barclays Bank PLC	 	$	180,000,000	 	 	 	 	 	 	 	 	 
	BNP Paribas	 	$	120,000,000	 	 	 	 	 	 	 	 	 
	Citibank, N.A.	 	$	230,000,000	 	 	$	166,666,667	 	 	EUR	100,000,000	 
	Commonwealth Bank of Australia	 	$	60,000,000	 	 	 	 	 	 	 	 	 
	Credit Agricole Corporate & Investment Bank	 	$	60,000,000	 	 	 	 	 	 	 	 	 
	Danske Bank A/S	 	$	60,000,000	 	 	 	 	 	 	 	 	 
	DBS Bank Ltd., Los Angeles Agency	 	$	60,000,000	 	 	 	 	 	 	 	 	 
	Deutsche Bank AG New York Branch	 	$	180,000,000	 	 	 	 	 	 	 	 	 
	Goldman Sachs Bank USA	 	$	180,000,000	 	 	 	 	 	 	 	 	 
	HSBC Bank USA, National Association	 	$	120,000,000	 	 	 	 	 	 	 	 	 
	Industrial and Commercial Bank of China, Limited, New York Branch	 	$	60,000,000	 	 	 	 	 	 	 	 	 
	Intesa Sanpaolo S.p.A., New York Branch	 	$	120,000,000	 	 	 	 	 	 	 	 	 
	JPMorgan Chase Bank, N.A.	 	$	230,000,000	 	 	$	166,666,667	 	 	EUR	100,000,000	 
	Lloyds Bank plc	 	$	60,000,000	 	 	 	 	 	 	 	 	 
	Mizuho Bank, Ltd.	 	$	120,000,000	 	 	 	 	 	 	 	 	 
	Morgan Stanley Bank, N.A.	 	$	72,000,000	 	 	 	 	 	 	 	 	 
	The Northern Trust Company	 	$	120,000,000	 	 	 	 	 	 	 	 	 
	Royal Bank of Canada	 	$	120,000,000	 	 	 	 	 	 	 	 	 
	The Royal Bank of Scotland plc	 	$	180,000,000	 	 	 	 	 	 	 	 	 
	Societe Generale	 	$	120,000,000	 	 	 	 	 	 	 	 	 
	Santander Bank N. A.	 	$	60,000,000	 	 	 	 	 	 	 	 	 
	Standard Chartered Bank	 	$	120,000,000	 	 	 	 	 	 	 	 	 
	Sumitomo Mitsui Banking Corporation	 	$	120,000,000	 	 	 	 	 	 	 	 	 
	Toronto Dominion (Texas) LLC	 	$	120,000,000	 	 	 	 	 	 	 	 	 
	U.S. Bank National Association	 	$	120,000,000	 	 	 	 	 	 	 	 	 
	Unicredit Bank AG, New York Branch	 	$	60,000,000	 	 	 	 	 	 	 	 	 

    	 

    	

    

	Wells Fargo Bank, National Association	 	$	120,000,000	 	 	 	 	 	 	 	 	 
	Westpac Banking Corporation	 	$	60,000,000	 	 	 	 	 	 	 	 	 
	Total:	 	$	4,000,000,000	 	 	$	700,000,000	 	 	EUR	200,000,000	 

 

[Honeywell Credit Agreement]

    	 

    	

    

SCHEDULE 2.01(b)

 

EXISTING LETTERS OF CREDIT

 

NONE

    	 

    	

    

EXHIBIT A-1 - FORM OF

REVOLVING CREDIT

PROMISSORY NOTE

 

Dated: _______________, 201_

 

FOR VALUE RECEIVED, the
undersigned, [NAME OF BORROWER], a _________________________ corporation (the “Borrower”), HEREBY PROMISES TO
PAY to the order of _________________________ (the “Lender”) for the account of its Applicable Lending Office
on the Termination Date (each as defined in the Credit Agreement referred to below) the aggregate principal amount of the Revolving
Credit Advances made by the Lender to the Borrower pursuant to the Amended and Restated Five Year Credit Agreement dated as of
December 10, 2013, among Honeywell International Inc., the Lender and certain other lenders parties thereto, and Citibank, N.A.,
as Agent for the Lender and such other lenders (as amended or modified from time to time, the “Credit Agreement”;
the terms defined therein being used herein as therein defined) outstanding on such date.

 

The Borrower promises
to pay interest on the unpaid principal amount of each Revolving Credit Advance from the date of such Revolving Credit Advance
until such principal amount is paid in full, at such interest rates, and payable at such times, as are specified in the Credit
Agreement.

 

Both principal and interest
in respect of each Revolving Credit Advance (i) in Dollars are payable in lawful money of the United States of America to Citibank,
N.A., as Agent, at 388 Greenwich Street, New York, New York, 10013, in same day funds and (ii) in any Major Currency are payable
in such currency at the applicable Payment Office in same day funds. Each Revolving Credit Advance owing to the Lender by the Borrower
pursuant to the Credit Agreement, and all payments made on account of principal thereof, shall be recorded by the Lender and, prior
to any transfer hereof, endorsed on the grid attached hereto which is part of this Promissory Note.

 

This Promissory Note
is one of the Revolving Credit Notes referred to in, and is entitled to the benefits of, the Credit Agreement. The Credit Agreement,
among other things, (i) provides for the making of Revolving Credit Advances by the Lender to the Borrower from time to time in
an aggregate amount not to exceed at any time outstanding the Dollar amount first above mentioned or the Equivalent thereof in
one or more Major Currencies, the indebtedness of the Borrower resulting from each such Revolving Credit Advance being evidenced
by this Promissory Note, (ii) contains provisions for determining the Dollar Equivalent of Revolving Credit Advances denominated
in Major Currencies and (iii) contains provisions for acceleration of the maturity hereof upon the happening of certain stated
events and also for prepayments on account of principal hereof prior to the maturity hereof upon the terms and conditions therein
specified.

    	 

    	

    

The Borrower hereby waives
presentment, demand, protest and notice of any kind. No failure to exercise, and no delay in exercising, any rights hereunder on
the part of the holder hereof shall operate as a waiver of such rights.

 

This promissory note
shall be governed by, and construed in accordance with the laws of the State of New York.

 

	 	[NAME OF BORROWER]	 
	 	 	 
	 	By 	 	 
	 	 	Name:	 
	 	 	Title:	 

    	2

    	

    

ADVANCES AND PAYMENTS OF PRINCIPAL

 

	 	Date	 	Type of

    Advance	 	Amount of

      Advance in

    Relevant Currency	 	Interest 

    Rate	 	Amount of

      Principal Paid

    or Prepaid	 	Unpaid Principal

    Balance	 	Notation

  Made By
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 

    	3

    	

    

EXHIBIT A-2 - FORM OF

COMPETITIVE BID

PROMISSORY NOTE

 

Dated: _______________, 201_

 

FOR VALUE RECEIVED, the
undersigned, [NAME OF BORROWER], a _________________________ corporation (the “Borrower”), HEREBY PROMISES TO
PAY to the order of _________________________ (the “Lender”) for the account of its Applicable Lending Office
(as defined in the Amended and Restated Five Year Credit Agreement dated as of December 10, 2013, among Honeywell International
Inc., the Lender and certain other lenders parties thereto, and Citibank, N.A., as Agent for the Lender and such other lenders
(as amended or modified from time to time, the “Credit Agreement”; the terms defined therein being used herein
as therein defined)), on _______________, the principal amount of [U.S.$_______________] [for a Competitive Bid Advance in a Foreign
Currency, list currency and amount of such Advance].

 

The Borrower promises
to pay interest on the unpaid principal amount hereof from the date hereof until such principal amount is paid in full, at the
interest rate and payable on the interest payment date or dates provided below:

 

Interest Rate: [____%
per annum (calculated on the basis of a year of _____ days for the actual number of days elapsed)].

 

Interest Payment Date
or Dates: ______________

 

Both principal and interest
are payable in lawful money of ________________ to Citibank, N.A., as Agent, for the account of the Lender at the office of __________________,
at __________________ in same day funds.

 

This Promissory Note
is one of the Competitive Bid Notes referred to in, and is entitled to the benefits of, the Credit Agreement. The Credit Agreement,
among other things, contains provisions for acceleration of the maturity hereof upon the happening of certain stated events.

 

The Borrower hereby waives
presentment, demand, protest and notice of any kind. No failure to exercise, and no delay in exercising, any rights hereunder on
the part of the holder hereof shall operate as a waiver of such rights.

 

This Promissory Note
shall be governed by, and construed in accordance with, the laws of the State of New York.

 

	 	[NAME OF BORROWER]
	 	 
	 	By 	 	 
	 	 	Name:	 
	 	 	Title:	 

    	 

    	

    

EXHIBIT B-1 - FORM OF NOTICE OF

REVOLVING CREDIT BORROWING

 

	Citibank, N.A., as Agent	 
	for the Lenders parties	 
	to the Credit Agreement	 
	referred to below	 
	Building #3, 1615 Brett Road	 
	New Castle, Delaware  19720	[Date]

 

Attention: Bank Loan Syndication

 

Ladies and Gentlemen:

 

The undersigned, [Name
of Borrower], refers to the Amended and Restated Five Year Credit Agreement, dated as of December 10, 2013 (as amended or modified
from time to time, the “Credit Agreement”, the terms defined therein being used herein as therein defined),
among the undersigned, certain Lenders parties thereto, and Citibank, N.A., as Agent for said Lenders, and hereby gives you notice,
irrevocably, pursuant to Section 2.02 of the Credit Agreement that the undersigned hereby requests a Revolving Credit Borrowing
under the Credit Agreement, and in that connection sets forth below the information relating to such Revolving Credit Borrowing
(the “Proposed Revolving Credit Borrowing”) as required by Section 2.02(a) of the Credit Agreement:

 

(i)
The Business Day of the Proposed Revolving Credit Borrowing is _______________.

 

(ii)
The Type of Advances comprising the Proposed Revolving Credit Borrowing is [Base Rate Advances] [Eurocurrency Rate
Advances].

 

(iii)
The aggregate amount of the Proposed Revolving Credit Borrowing is [$_______________] [for a Revolving Credit Borrowing in a
Major Currency, list currency and amount of Revolving Credit Borrowing].

 

[(iv)
The initial Interest Period for each Eurocurrency Rate Advance made as part of the Proposed Revolving Credit Borrowing is
_____ month[s].]

    	 

    	

    

The undersigned hereby
certifies that the conditions precedent to this Revolving Credit Borrowing set forth in Section 3.03 of the Credit Agreement have
been satisfied and the applicable statements contained therein are true on the date hereof, and will be true on the date of the
Proposed Revolving Credit Borrowing.

 

	 	Very truly yours,
	 	 
	 	[NAME OF BORROWER]
	 	 
	 	By	 	 
	 	 	Name:	 
	 	 	Title:	 

    	2

    	

    

EXHIBIT B-2 - FORM OF NOTICE OF

COMPETITIVE BID BORROWING

 

	Citibank, N.A., as Agent	 
	for the Lenders parties	 
	to the Credit Agreement	 
	referred to below	 
	Building #3, 1615 Brett Road	 
	New Castle, Delaware  19720	[Date]

 

Attention: Bank Loan Syndication

 

Ladies and Gentlemen:

 

The undersigned, [Name
of Borrower], refers to the Amended and Restated Five Year Credit Agreement, dated as of December 10, 2013 (as amended or modified
from time to time, the “Credit Agreement”, the terms defined therein being used herein as therein defined),
among Honeywell International Inc., certain Lenders parties thereto and Citibank, N.A., as Agent for said Lenders, and hereby gives
you notice, irrevocably, pursuant to Section 2.03 of the Credit Agreement that the undersigned hereby requests a Competitive Bid
Borrowing under the Credit Agreement, and in that connection sets forth the terms on which such Competitive Bid Borrowing (the
“Proposed Competitive Bid Borrowing”) is requested to be made:

 

	 	(A)	Date of Competitive Bid Borrowing	 	 
	 	 	 	 	 
	 	(B)	Aggregate Amount of Competitive Bid Borrowing	 	 
	 	 	 	 	 
	 	(C)	[Maturity Date] [Interest Period]	 	 
	 	 	 	 	 
	 	(D)	Interest Rate Basis	 	 
	 	 	 	 	 
	 	(E)	Day Count Convention	 	 
	 	 	 	 	 
	 	(F)	Interest Payment Date(s)	 	 
	 	 	 	 	 
	 	(G)	[Currency]	 	 
	 	 	 	 	 
	 	(H)	Borrower’s Account Location	 	 
	 	 	 	 	 
	 	(I)	___________________	 	

 

The undersigned hereby
certifies that the conditions precedent to this Competitive Bid Borrowing set forth in Section 3.04 of the Credit Agreement have
been satisfied and the applicable statements contained therein are true on the date hereof, and will be true on the date of the
Proposed Competitive Bid Borrowing.

    	 

    	

    

The undersigned hereby
confirms that the Proposed Competitive Bid Borrowing is to be made available to it in accordance with Section 2.03(a)(v) of the
Credit Agreement.

 

	 	Very truly yours,
	 	 
	 	[NAME OF BORROWER]
	 	 
	 	By	 	 
	 		Name:	 
	 		Title:	 

    	2

    	

    

EXHIBIT B-3 - FORM OF NOTICE OF

SWING LINE BORROWING

 

	Citibank, N.A., as Agent	 
	for the Lenders parties	 
	to the Credit Agreement	 
	referred to below	 
	Building #3, 1615 Brett Road	 
	New Castle, Delaware  19720	[Date]

 

Attention: Bank Loan Syndication

 

Ladies and Gentlemen:

 

The undersigned, [Name
of Borrower], refers to the Amended and Restated Five Year Credit Agreement, dated as of December 10, 2013 (as amended or modified
from time to time, the “Credit Agreement”, the terms defined therein being used herein as therein defined),
among the undersigned, certain Lenders parties thereto, and Citibank, N.A., as Agent for said Lenders, and hereby gives you notice,
irrevocably, pursuant to Section 2.02 of the Credit Agreement that the undersigned hereby requests a Swing Line Borrowing under
the Credit Agreement, and in that connection sets forth below the information relating to such Swing Line Borrowing (the “Proposed
Swing Line Borrowing”) as required by Section 2.02(a) of the Credit Agreement:

 

(i)
The Business Day of the Proposed Swing Line Borrowing is _______________.

 

(ii)
The Type of Advances comprising the Proposed Revolving Credit Borrowing is [Base Rate Advances] [Eurocurrency Rate
Advances].

 

(iii)
The aggregate amount of the Proposed Swing Line Borrowing is [$__________] [€__________].

 

(iv)
The initial Interest Period for each Eurocurrency Rate Advance made as part of the Proposed Swing Line Borrowing is _____
day[s].

    	 

    	

    

The undersigned hereby
certifies that the conditions precedent to this Swing Line Borrowing set forth in Section 3.03 of the Credit Agreement have been
satisfied and the applicable statements contained therein are true on the date hereof, and will be true on the date of the Proposed
Swing Line Borrowing.

 

	 	Very truly yours,
	 	 
	 	[NAME OF BORROWER]
	 	 
	 	By	 	 
	 	 	Name:	 
	 	 	Title:	 

    	2

    	

    

EXHIBIT C - FORM OF

ASSIGNMENT AND ASSUMPTION

 

Assignment and Assumption

 

This Assignment and
Assumption (the “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered
into by and between [the][each]1 Assignor identified in item 1 below ([the][each, an] “Assignor”)
and [the][each]2 Assignee identified in item 2 below ([the][each, an] “Assignee”). [It is understood
and agreed that the rights and obligations of [the Assignors][the Assignees]3 hereunder are several and not joint.]4
Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below
(as amended, the “Credit Agreement”), receipt of a copy of which is hereby acknowledged by [the][each] Assignee.
The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference
and made a part of this Assignment and Assumption as if set forth herein in full.

 

For an agreed consideration,
[the][each] Assignor hereby irrevocably sells and assigns to [the Assignee][the respective Assignees], and [the][each] Assignee
hereby irrevocably purchases and assumes from [the Assignor][the respective Assignors], subject to and in accordance with the Standard
Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Agent as contemplated below (i) all of
[the Assignor’s][the respective Assignors’] rights and obligations in [its capacity as a Lender][their respective capacities
as Lenders] under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related
to the amount and percentage interest identified below of all of such outstanding rights and obligations of [the Assignor][the
respective Assignors] under the respective facilities identified below (including without limitation any letters of credit, guarantees,
and swingline loans included in such facilities), and (ii) to the extent permitted to be assigned under applicable law, all claims,
suits, causes of action and any other right of [the Assignor (in its capacity as a Lender)][the respective Assignors (in their
respective capacities as Lenders)] against any Person, whether known or unknown, arising under or in connection with the Credit
Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions governed thereby or in any way
based on or related to any of the foregoing, including, but not limited to, contract claims, tort claims, malpractice claims, statutory
claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i)
above (the rights and obligations sold and assigned by [the][any] Assignor to [the][any] Assignee pursuant to clauses (i) and (ii)
above being

 

 

1 For bracketed language here and elsewhere in this form relating to the Assignor(s), if the assignment is from a single Assignor, choose the first bracketed language. If the assignment is from multiple Assignors, choose the second bracketed language.

 

2 For bracketed language here and elsewhere in this form relating to the Assignee(s), if the assignment is to a single Assignee, choose the first bracketed language. If the assignment is to multiple Assignees, choose the second bracketed language.

 

3 Select as appropriate.

 

4 Include bracketed language if there are either multiple Assignors or multiple Assignees.

    	 

    	-2-

    

referred to herein collectively
as [the][an] “Assigned Interest”). Each such sale and assignment is without recourse to [the][any] Assignor
and, except as expressly provided in this Assignment and Assumption, without representation or warranty by [the][any] Assignor.

 

	1.	Assignor[s]:	 	 
	 	 	 	 
	 	 	 	 
	 	[Assignor [is] [is not] a Defaulting Lender]	 
	 	 	 	 
	2.	Assignee[s]:	 	 
	 	 	 	 
	 	 	 	 
	 	[for each Assignee, indicate [Affiliate] of [identify Lender]	 
	 	 	 	 
	3.	Borrower(s):	Honeywell International Inc.	 
	 	 	 	 
	4.	Administrative Agent:	Citibank, N.A., as the administrative agent under the Credit Agreement
	 	 	 	 
	5.	Credit Agreement:	The $4,000,000,000 Amended and Restated Five Year Credit Agreement dated as of December 10, 2013 among Honeywell International Inc., the Lenders parties thereto, Citibank, N.A., as Administrative Agent, and the other agents parties thereto
	 	 	 	 
	6.	Assigned Interest[s]:	 

 

	Assignor[s]5	 	Assignee[s]6	 	Facility

 Assigned7	 	Aggregate Amount of

 Commitment/Loans
    for 

all Lenders8	 	Amount of

 Commitment/Loans

 Assigned8	 	Percentage Assigned 

of Commitment/

    Loans9	 	CUSIP

 Number
	 	 	 	 	 	 	$	 	$	 	%	 	 
	 	 	 	 	 	 	$	 	$	 	%	 	 
	 	 	 	 	 	 	$	 	$	 	%	 	 

 

	[7.	Trade Date:	______________]10	 

 

 

5 List each Assignor, as appropriate.

 

6 List each Assignee, as appropriate.

 

7 Fill in the appropriate terminology for the types of facilities under the Credit Agreement that are being assigned under this Assignment (e.g., “Revolving Credit Commitment,” “Letter of Credit Commitment,” etc.)

 

8 Amount to be adjusted by the counterparties to take into account any payments or prepayments made between the Trade Date and the Effective Date.

 

9 Set forth, to at least 9 decimals, as a percentage of the Commitment/Advances of all Lenders thereunder.

 

10 To be completed if the Assignor(s) and the Assignee(s) intend that the minimum assignment amount is to be determined as of the Trade Date.

    	 

    	-3-

    

Effective Date: _____________ ___, 20___
[TO BE INSERTED BY AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]

 

The terms set forth in this Assignment and Assumption are hereby
agreed to:

 

	 	ASSIGNOR[S]11	 
	 	[NAME OF ASSIGNOR]	 
	 	 	 	 
	 	By: 	 	 
	 	 	Title:	 
	 	 	 	 
	 	[NAME OF ASSIGNOR]	 
	 	 	 	 
	 	By:	 	 
	 	 	Title:	 
	 	 	 	 
	 	ASSIGNEE[S]12	 
	 	[NAME OF ASSIGNEE]	 
	 	 	 	 
	 	By:	 	 
	 	 	Title:	 
	 	 	 	 
	 	[NAME OF ASSIGNEE]	 
	 	 	 	 
	 	By:	 	 
	 	 	Title:	 

 

[Consented to and]13
Accepted:

 

[NAME OF ADMINISTRATIVE AGENT], as

  Administrative Agent

 

	By: 	 	 
	 	Title:	 

 

 

11 Add additional signature blocks as needed.

 

12 Add additional signature blocks as needed.

 

13 To be added only if the consent of the Administrative Agent is required by the terms of the Credit Agreement.

    	 

    		-4-	 

    

[Consented to:]14

 

[NAME OF RELEVANT PARTY]

 

	By: 	 	 
	 	Title:	 

 

 

14 To
be added only if the consent of the Company and/or other parties (e.g. Swing Line Bank, Issuing Bank) is required by the terms
of the Credit Agreement.

    	 

    	-1-

    

ANNEX 1

 

STANDARD TERMS AND CONDITIONS FOR

ASSIGNMENT AND ASSUMPTION

 

1.
Representations and Warranties.

 

1.1
Assignor[s]. [The][Each] Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of [the][the
relevant] Assigned Interest, (ii) [the][such] Assigned Interest is free and clear of any lien, encumbrance or other adverse claim,
(iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption
and to consummate the transactions contemplated hereby and (iv) it is [not] a Defaulting Lender; and (b) assumes no responsibility
with respect to (i) any statements, warranties or representations made in or in connection with the Credit Agreement, (ii) the
execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Agreement or any collateral thereunder,
(iii) the financial condition of any Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect
of the Credit Agreement, or (iv) the performance or observance by any Borrower, any of its Subsidiaries or Affiliates or any other
Person of any of their respective obligations under the Credit Agreement.

 

1.2.
Assignee[s]. [The][Each] Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all
action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby
and to become a Lender under the Credit Agreement, (ii) it meets all the requirements to be an assignee under Section 9.06(b)(iii),
(v) and (vi) of the Credit Agreement (subject to such consents, if any, as may be required under Section 9.06(b)(iii) of the Credit
Agreement), (iii) from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder
and, to the extent of [the][the relevant] Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated
with respect to decisions to acquire assets of the type represented by the Assigned Interest and either it, or the Person exercising
discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it has
received a copy of the Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent
financial statements delivered pursuant to Section 5.01(h) thereof, as applicable, and such other documents and information as
it deems appropriate to make its own credit analysis and decision to enter into this Assignment and Assumption and to purchase
[the][such] Assigned Interest, (vi) it has, independently and without reliance upon the Agent or any other Lender and based on
such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Assignment
and Assumption and to purchase [the][such] Assigned Interest, and (vii) if it is a Lender organized under the laws of a jurisdiction
outside of the United States, attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant
to the terms of the Credit Agreement, duly completed and executed by [the][such] Assignee; and (b) agrees that (i) it will, independently
and without reliance on the Agent, [the][any] Assignor or any other Lender, and based on such documents and information as it
shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Credit
Agreement, and (ii) it will perform

    	 

    		-2-	 

    

in accordance with their terms all of the
obligations which by the terms of the Credit Agreement are required to be performed by it as a Lender.

 

2.
Payments. From and after the Effective Date, the Agent shall make all payments in respect of [the][each] Assigned Interest
(including payments of principal, interest, fees and other amounts) to [the][the relevant] Assignee whether such amounts have
accrued prior to, on or after the Effective Date. The Assignor[s] and the Assignee[s] shall make all appropriate adjustments in
payments by the Agent for periods prior to the Effective Date or with respect to the making of this assignment directly between
themselves. Notwithstanding the foregoing, the Agent shall make all payments of interest, fees or other amounts paid or payable
in kind from and after the Effective Date to [the][the relevant] Assignee.

 

3.
General Provisions. This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto
and their respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which
together shall constitute one instrument. Delivery of an executed counterpart of a signature page of
this Assignment and Assumption by telecopy shall be effective as delivery of a manually executed
counterpart of this Assignment and Assumption. This Assignment and Assumption shall be
governed by, and construed in accordance with, the law of the State of New York.

    	 

    	-1-

    

EXHIBIT D - FORM OF DESIGNATION LETTER

 

[DATE]

 

To each of the Lenders

   parties to the

   Credit Agreement (as defined

   below) and to Citibank, N.A.,

   as Agent for such Lenders

 

Ladies and Gentlemen:

 

Reference
is made to the Amended and Restated Five Year Credit Agreement dated as of December 10, 2013, among Honeywell International Inc.
(the “Company”), the Lenders named therein, and Citibank, N.A., as Agent for said Lenders (the “Credit
Agreement”). For convenience of reference, terms used herein and defined in the Credit Agreement shall have the respective
meanings ascribed to such terms in the Credit Agreement.

 

Please
be advised that the Company hereby designates its undersigned Subsidiary, ____________ (“Designated Subsidiary”),
as a “Designated Subsidiary” under and for all purposes of the Credit Agreement.

 

The
Designated Subsidiary, in consideration of each Lender’s agreement to extend credit to it under and on the terms and conditions
set forth in the Credit Agreement, does hereby assume each of the obligations imposed upon a “Designated Subsidiary”
and a “Borrower” under the Credit Agreement and agrees to be bound by the terms and conditions of the Credit Agreement.
In furtherance of the foregoing, the Designated Subsidiary hereby represents and warrants to each Lenders as follows:

 

1. The Designated
Subsidiary is a corporation duly incorporated, validly existing and in good standing under the laws of __________________ and is
duly qualified to transact business in all jurisdictions in which such qualification is required.

 

2. The execution,
delivery and performance by the Designated Subsidiary of this Designation Letter, the Credit Agreement, its Notes and the consummation
of the transactions contemplated thereby, are within the Designated Subsidiary’s corporate powers, have been duly authorized
by all necessary corporate action, and do not and will not cause or constitute a violation of any provision of law or regulation
or any provision of the charter or by-laws of the Designated Subsidiary or result in the breach of, or constitute a default or
require any consent under, or result in the creation of any lien, charge or encumbrance upon any of the properties, revenues, or
assets of the Designated Subsidiary pursuant to, any indenture or other agreement or instrument to which the Designated Subsidiary
is a party or by which the Designated Subsidiary or its property may be bound or affected.

 

3. This
Designation Agreement and each of the Notes of the Designated Subsidiary, when delivered, will have been duly executed and delivered,
and this

    	 

    		-2-	 

    

Designation
Letter, the Credit Agreement and each of the Notes of the Designated Subsidiary, when delivered, will constitute a legal, valid
and binding obligation of the Designated Subsidiary enforceable against the Designated Subsidiary in accordance with their respective
terms except to the extent that such enforcement may be limited by applicable bankruptcy, insolvency and other similar laws affecting
creditors’ rights generally.

 

4. There
is no action, suit, investigation, litigation or proceeding including, without limitation, any Environmental Action, pending or
to the knowledge of the Designated Subsidiary Threatened affecting the Designated Subsidiary before any court, governmental agency
or arbitration that (i) is reasonably likely to have a Material Adverse Effect, or (ii) purports to effect the legality, validity
or enforceability of this Designation Letter, the Credit Agreement, any Note of the Designated Subsidiary or the consummation of
the transactions contemplated thereby.

 

5. No authorizations,
consents, approvals, licenses, filings or registrations by or with any governmental authority or administrative body are required
in connection with the execution, delivery or performance by the Designated Subsidiary of this Designation Letter, the Credit Agreement
or the Notes of the Designated Subsidiary except for such authorizations, consents, approvals, licenses, filings or registrations
as have heretofore been made, obtained or effected and are in full force and effect.

 

6. The Designated
Subsidiary is not, and immediately after the application by the Designated Subsidiary of the proceeds of each Advance will not
be, an “investment company” within the meaning of the Investment Company Act of 1940, as amended.

 

	 	Very truly yours,	 
	 	 	 	 
	 	HONEYWELL INTERNATIONAL INC.	 
	 	 	 	 
	 	By 	 	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	[THE DESIGNATED SUBSIDIARY]	 
	 	 	 	 
	 	By	 	 
	 	 	Name:	 
	 	 	Title:	 

    	 

    	

    

EXHIBIT E - FORM OF OPINION

OF THE GENERAL COUNSEL OR AN

ASSISTANT GENERAL COUNSEL OF THE COMPANY

 

December 10, 2013

 

To each of the Lenders parties

to the Credit Agreement

(as defined below),

and to Citibank, N.A.,

as Agent for said Lenders

 

Honeywell International Inc.

 

Ladies and Gentlemen:

 

This opinion is furnished to you pursuant
to Sections 3.01(e)(iv) and 3.02(f) of the Amended and Restated Five Year Credit Agreement dated as of December 10, 2013, among
Honeywell International Inc. (the “Company”), the Lenders parties thereto, and Citibank, N.A., as Agent for
said Lenders (the “Credit Agreement”). Terms defined in the Credit Agreement are, unless otherwise defined herein,
used herein as therein defined.

 

I have acted as counsel for the Company in
connection with the preparation, execution and delivery of the Credit Agreement. I have also acted as special counsel for                      ,
                     ,                       and                       (each, a “Designated Subsidiary”) in connection with the Credit Agreement.

 

In that connection I have examined:

 

(1) The Credit Agreement.

 

(2) The documents furnished by
the Company and each of the Designated Subsidiaries pursuant to Article III of the Credit Agreement, including the Certificate
of Incorporation of the Company and all amendments thereto (the “Charter”) and the By-laws of the Company and
all amendments thereto (the “By-laws”).

 

(3) A certificate of the Secretary
of State of the State of Delaware, dated as of a recent date, attesting to the continued corporate existence and good standing
of the Company in that State.

 

(4) Copies of each of the Designation
Letters executed by each of the Designated Subsidiaries.

    	 

    	

    

I have also examined the originals, or copies
certified to my satisfaction, of such corporate records of the Company and the Designated Subsidiaries (including resolutions adopted
by the respective Board of Directors of each of the Company and the Designated Subsidiaries), certificates of public officials
and of officers of the Company and the Designated Subsidiaries, and agreements, instruments and documents, as I have deemed necessary
as a basis for the opinions hereinafter expressed. As to questions of fact material to such opinions, I have, when relevant facts
were not independently established by me, relied upon certificates of the Company and the Designated Subsidiaries or their respective
officers or of public officials.

 

In rendering the opinions
set forth below, I have assumed the authenticity of all documents submitted to me as originals, the genuineness of all signatures
and the conformity to authentic originals of all documents submitted to me as copies. I have also assumed the legal capacity for
all purposes relevant hereto of all natural persons and, with respect to all parties to agreements or instruments relevant hereto
other than the Company, that such parties had the requisite power and authority (corporate or otherwise) to execute, deliver and
perform such agreements or instruments, that such agreements or instruments have been duly authorized by all requisite action (corporate
or otherwise), executed and delivered by such parties and that such agreements or instruments are the valid, binding, and enforceable
obligations of such parties.

 

I am qualified to practice law in the State
of New York, and I do not purport to be expert in, or to express any opinion herein concerning, any laws other than the laws of
the State of New York, the General Corporation Law of the State of Delaware and the Federal laws of the United States.

 

Based upon the foregoing and upon such investigation
as I have deemed necessary, I am of the following opinion:

 

1. The Company (a) is a corporation
duly organized, validly existing and in good standing under the laws of the State of Delaware, (b) is duly qualified as a foreign
corporation in each other jurisdiction in which it owns or leases property or in which the conduct of its business requires it
to so qualify or be licensed, except where the failure to be so qualified would not be reasonably likely to have a Material Adverse
Effect and (c) has all requisite corporate power and authority to own or lease and operate its properties and to carry on its business
as now conducted and as proposed to be conducted.

 

2. The execution, delivery and
performance by the Company of the Credit Agreement and the Notes of the Company, and the consummation of the transactions contemplated
thereby, are within the Company’s corporate powers, have been duly authorized by all necessary corporate action, and do not
(i) contravene the Charter or the By-laws or (ii) violate any law (including, without limitation, the Securities Exchange Act of
1934 and the Racketeer Influenced and Corrupt Organizations Chapter of the Organized Crime Control Act of 1970), rule, regulation
(including, without limitation, Regulation X of the Board of Governors of the Federal Reserve System) or any material order, writ,
judgment, decree, determination or award or (iii) conflict with or result in the breach of, or constitute a default under, any
material indenture, loan or credit agreement, lease, mortgage, security agreement, bond, note or any similar document. The Credit
Agreement

    	2

    	

    

and the Notes of the Company have
been duly executed and delivered on behalf of the Company.

 

3. No authorization, approval,
or other action by, and no notice to or filing with, any governmental authority, administrative agency or regulatory body, or any
third party is required for the due execution, delivery and performance by the Company of the Credit Agreement or the Notes of
the Company, or for the consummation of the transactions contemplated thereby.

 

4. The Credit Agreement is, and
each Note of the Company when delivered under the Credit Agreement will be, the legal, valid and binding obligation of the Company
enforceable against the Company in accordance with their respective terms, except as the enforceability thereof may be limited
by bankruptcy, insolvency, reorganization or moratorium or other similar laws relating to the enforcement of creditors’ rights
generally or by the application of general principles of equity (regardless of whether such enforceability is considered in a proceeding
in equity or at law), and except that I express no opinion as to (i) the subject matter jurisdiction of the District Courts of
the United States of America to adjudicate any controversy relating to the Credit Agreement or the Notes of the Company or (ii)
the effect of the law of any jurisdiction (other than the State of New York) wherein any Lender or Applicable Lending Office may
be located or wherein enforcement of the Credit Agreement or the Notes of the Company may be sought which limits rates of interest
which may be charged or collected by such Lender.

 

5. The Credit Agreement and the
Designation Letter of each Designated Subsidiary are, and each Note of each Designated Subsidiary when delivered under the Credit
Agreement will be, the legal, valid and binding obligation of each such Designated Subsidiary enforceable in accordance with their
respective terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization or moratorium or
other similar laws relating to the enforcement of creditors’ rights generally or by the application of general principles
of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law), and except that I express
no opinion as to (i) the subject matter jurisdiction of the District Courts of the United States of America to adjudicate any controversy
relating to the Credit Agreement, the Designation Letter of each Designated Subsidiary or the Notes of each Designated Subsidiary
or (ii) the effect of the law of any jurisdiction (other than the State of New York) wherein any Lender or Applicable Lending Office
may be located or wherein enforcement of the Credit Agreement, the Designation Letter of each Designated Subsidiary or the Notes
of each Designated Subsidiary may be sought which limits rates of interest which may be charged or collected by such Lender.

 

6. There is no action, suit,
investigation, litigation or proceeding against the Company or any of its Subsidiaries before any court, governmental agency or
arbitrator now pending or, to the best of my knowledge, Threatened that is reasonably likely to have a Material Adverse Effect
(other than as disclosed in public filings prior to the date hereof) or that purports to affect the legality, validity or enforceability
of the Credit Agreement or any Note of the Company or the consummation of the transactions contemplated thereby,

    	3

    	

    

and there has been no material adverse
change in the status, or financial effect on the Company or any of its Subsidiaries, of the matters disclosed in public filings
prior to the date hereof.

 

7. Neither the Company nor any
of the Designated Subsidiaries is an “investment company” within the meaning of the Investment Company Act of 1940,
as amended.

 

In connection with the opinions expressed
by me above in paragraph 4, I wish to point out that (i) provisions of the Credit Agreement that permit the Agent or any Lender
to take action or make determinations may be subject to a requirement that such action be taken or such determinations be made
on a reasonable basis and in good faith, (ii) that a party to whom an advance is owed may, under certain circumstances, be called
upon to prove the outstanding amount of the Advances evidenced thereby, (iii) the rights of the Agent and the Lenders provided
for in Section 9.04(b) of the Credit Agreement may be limited in certain circumstances and (iv) I express no opinion with respect
to the enforceability of any indemnity against loss in converting into a specified currency the proceeds or amount of a court judgment
in another currency.

 

I do not express any
opinion on any matter not expressly addressed above. The opinions set forth herein are delivered based solely upon the examinations,
assumptions and other matters described herein as of the date hereof, and I undertake no obligation to modify or supplement this
opinion letter or otherwise to communicate with you with respect to changes in law or matters which occur or come to my attention
after the date hereof.

 

This opinion letter
is given for the sole and exclusive benefit of the addressees hereof and may not be relied upon by or delivered or disclosed to
any other person, except that any person that becomes a Lender in accordance with the provisions of the Credit Agreement after
the date hereof may rely on these opinions as if this opinion letter were addressed and delivered to such Lender on the date hereof.
In addition, this opinion letter relates only to the matters, the opinions and the transaction specifically referred to or provided
herein, and no other opinions should be implied therefrom.

 

	 	Very truly yours,	 
	 	 	 
	 	 	 

    	4

    	

    
EXHIBIT F - FORM OF OPINION OF COUNSEL

TO A DESIGNATED SUBSIDIARY

 

____________, 20__

 

To each of the Lenders parties

to the Credit Agreement

(as defined below),

and to Citibank, N.A., as Agent

for said Lenders

 

Ladies and Gentlemen:

 

In my capacity as counsel to
__________ (“Designated Subsidiary”), I have reviewed that certain Amended and Restated Five Year Credit Agreement
dated as of December 10, 2013, among Honeywell International Inc., the Lenders named therein, and Citibank, N.A., as Agent for
such Lenders (the “Credit Agreement”). In connection therewith, I have also examined the following documents:

 

(i)  The Designation
Letter (as defined in the Credit Agreement) executed by the Designated Subsidiary.

 

[such other documents as counsel may wish
to refer to]

 

I have also reviewed such matters of law and examined
the original, certified, conformed or photographic copies of such other documents, records, agreements and certificates as I have
considered relevant hereto. As to questions of fact material to such opinions, I have, when relevant facts were not independently
established by me, relied upon certificates of the Company or its officers or of public officials.

 

Except as expressly specified
herein all terms used herein and defined in the Credit Agreement shall have the respective meanings ascribed to them in the Credit
Agreement.

 

I am qualified to practice law in __________, and
I do not purport to be expert in, or to express any opinion herein concerning, any laws other than the laws of __________.

 

Based upon the foregoing and
upon such investigation as I have deemed necessary, I am of the opinion that:

 

1.  The Designated
Subsidiary (a) is a corporation duly incorporated, validly existing and in good standing under the laws of __________, (b) is duly
qualified in each other jurisdiction in which it owns or leases property or in which the conduct of its business requires it to
so qualify or be licensed, except where the failure to be so qualified would not be reasonably likely to have a Material Adverse
Effect and (c) has all requisite corporate

    	 

    	

    

 power and authority to own or lease and operate its properties and to carry on its business
as now conducted and as proposed to be conducted.

 

2.  The execution,
delivery and performance by the Designated Subsidiary of its Designation Letter, the Credit Agreement and its Notes, and the consummation
of the transactions contemplated thereby, are within the Designated Subsidiary’s corporate powers, have been duly authorized
by all necessary corporate action, and do not and will not cause or constitute a violation of any provision of law or regulation
or any material order, writ, judgment, decree, determination or award or any provision of the charter or by-laws or other constituent
documents of the Designated Subsidiary or result in the breach of, or constitute a default or require any consent under, or result
in the creation of any lien, charge or encumbrance upon any of the properties, revenues, or assets of the Designated Subsidiary
pursuant to, any material indenture or other agreement or instrument to which the Designated Subsidiary is a party or by which
the Designated Subsidiary or its property may be bound or affected. The Designation Letter and each Note of the Designated Subsidiary
has been duly executed and delivered on behalf of the Designated Subsidiary.

 

3.  The Credit Agreement
and the Designation Letter of the Designated Subsidiary are, and each Note of the Designated Subsidiary when delivered under the
Credit Agreement will be, the legal, valid and binding obligation of the Designated Subsidiary enforceable in accordance with their
respective terms, except as the enforceability thereof may be limited by bankruptcy, insolvency, reorganization or moratorium or
other similar laws relating to the enforcement of creditors’ rights generally or by the application of general principles
of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law), and except that I express
no opinion as to (i) the subject matter jurisdiction of the District Courts of the United States of America to adjudicate any controversy
relating to the Credit Agreement, the Designation Letter of the Designated Subsidiary or the Notes of the Designated Subsidiary
or (ii) the effect of the law of any jurisdiction (other than the State of New York) wherein any Lender or Applicable Lending Office
may be located or wherein enforcement of the Credit Agreement, the Designation Letter of the Designated Subsidiary or the Notes
of the Designated Subsidiary may be sought which limits rates of interest which may be charged or collected by such Lender.

 

4.  There is no action,
suit, investigation, litigation or proceeding at law or in equity before any court, governmental agency or arbitration now pending
or, to the best of my knowledge and belief, Threatened against the Designated Subsidiary that is reasonably likely to have a Material
Adverse Effect or that purports to affect the legality, validity or enforceability of the Designation Letter of the Designated
Subsidiary, the Credit Agreement or any Note of the Designated Subsidiary or the consummation of the transactions contemplated
thereby.

 

5.  No authorizations,
consents, approvals, licenses, filings or registrations by or with any governmental authority or administrative body are required
for the due execution, delivery and performance by the Designated Subsidiary of its Designation Letter, the Credit Agreement or
the Notes of the Designated Subsidiary except for such

    	2

    	

    

 authorizations, consents, approvals, licenses, filings or registrations
as have heretofore been made, obtained or affected and are in full force and effect.

 

6.  The Designated
Subsidiary is not an “investment company” within the meaning of the Investment Company Act of 1940, as amended.

 

In connection with the opinions
expressed by me above in paragraph 3, I wish to point out that (i) provisions of the Credit Agreement which permit the Agent or
any Lender to take action or make determinations may be subject to a requirement that such action be taken or such determinations
be made on a reasonable basis and in good faith, (ii) a party to whom an advance is owed may, under certain circumstances, be called
upon to prove the outstanding amount of the Advances evidenced thereby, (iii) the rights of the Agent and the Lenders provided
for in Section 9.04(b) of the Credit Agreement may be limited in certain circumstances and (iv) I express no opinion with respect
to the enforceability of any indemnity against loss in converting into a specified currency the proceeds or amount of a court judgment
in another currency.

 

I do not express any opinion
on any matter not expressly addressed above. The opinions set forth herein are delivered based solely upon the examinations, assumptions
and other matters described herein as of the date hereof, and I undertake no obligation to modify or supplement this opinion letter
or otherwise to communicate with you with respect to changes in law or matters which occur or come to my attention after the date
hereof.

 

This opinion letter is given
for the sole and exclusive benefit of the addressees hereof and may not be relied upon by or delivered or disclosed to any other
person, except that any person that becomes a Lender in accordance with the provisions of the Credit Agreement after the date hereof
may rely on these opinions as if this opinion letter were addressed and delivered to such Lender on the date hereof. In addition,
this opinion letter relates only to the matters, the opinions and the transaction specifically referred to or provided herein,
and no other opinions should be implied therefrom.

 

Very truly yours,

    	3

    	

    

EXHIBIT G - FORM OF OPINION

OF SHEARMAN & STERLING LLP,

COUNSEL TO THE AGENT

 

[S&S LETTERHEAD]

 

__________ __, 2013

 

To the Initial Lenders party to the Credit

Agreement referred to below and to

Citibank, N.A., as Agent

 

Honeywell International Inc.

 

Ladies and Gentlemen:

 

We have acted as counsel to Citibank, N.A., as Agent
(the “Agent”), in connection with the Amended and Restated Five Year Credit Agreement, dated as of December
10, 2013 (the “Credit Agreement”), among Honeywell International Inc., a Delaware corporation (the “Borrower”),
and each of you. Unless otherwise defined herein, terms defined in the Credit Agreement are used herein as therein defined.

 

In that connection, we have reviewed originals or
copies of the following documents:

 

		(a)	The Credit Agreement.

 

		(b)	The Notes executed by the Borrower and delivered on the date hereof.

 

The documents described in the foregoing clauses (a) and (b) are collectively
referred to herein as the “Opinion Documents.”

 

We have also reviewed originals or copies of such
other agreements and documents as we have deemed necessary as a basis for the opinion expressed below.

 

In our review of the Opinion Documents and other
documents, we have assumed:

 

		(A)	The genuineness of all signatures.

 

		(B)	The authenticity of the originals of the documents submitted to us.

 

		(C)	The conformity to authentic originals of any documents submitted to us as copies.

    	 

    	

    

		(D)	As to matters of fact, the truthfulness of the representations made in the Credit Agreement.

 

		(E)	That each of the Opinion Documents is the legal, valid and binding obligation of each party thereto,
other than the Borrower, enforceable against each such party in accordance with its terms.

 

		(F)	That:

 

(1)  The Borrower is an entity duly organized
and validly existing under the laws of the jurisdiction of its organization.

 

(2)  The Borrower has full power to execute,
deliver and perform, and has duly executed and delivered, the Opinion Documents.

 

(3)  The execution, delivery and performance
by the Borrower of the Opinion Documents have been duly authorized by all necessary action (corporate or otherwise) and do not:

 

(a)  contravene its certificate or articles
of incorporation, by-laws or other organizational documents;

 

(b)  except with respect to Generally
Applicable Law, violate any law, rule or regulation applicable to it; or

 

(c)  result in any conflict with or breach
of any agreement or document binding on it.

 

(4)  Except with respect to Generally
Applicable Law, no authorization, approval or other action by, and no notice to or filing with, any governmental authority or regulatory
body or (to the extent the same is required under any agreement or document binding on it of which an addressee hereof has knowledge,
has received notice or has reason to know) any other third party is required for the due execution, delivery or performance by
the Borrower of any Opinion Document or, if any such authorization, approval, action, notice or filing is required, it has been
duly obtained, taken, given or made and is in full force and effect.

 

We have not independently established the validity
of the foregoing assumptions.

 

“Generally Applicable Law” means
the federal law of the United States of America, and the law of the State of New York (including the rules or regulations promulgated
thereunder or pursuant thereto), that a New York lawyer exercising customary professional diligence would reasonably be expected
to recognize as being applicable to the Borrower, the Opinion Documents or the transactions governed by the Opinion Documents.
Without limiting the generality of the foregoing definition of Generally Applicable Law, the term “Generally Applicable Law”
does not include any law, rule or regulation that is applicable to the Borrower, 

    	2

    	

    

the Opinion Documents or such transactions solely
because such law, rule or regulation is part of a regulatory regime applicable to any party to any of the Opinion Documents or
any of its affiliates due to the specific assets or business of such party or such affiliate.

 

Based upon the foregoing and upon such other investigation
as we have deemed necessary and subject to the qualifications set forth below, we are of the opinion that each Opinion Document
is the legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its terms.

 

Our opinion expressed above is subject to the following
qualifications:

 

(a)  Our opinion is subject to the effect of any
applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting creditors’ rights generally (including
without limitation all laws relating to fraudulent transfers).

 

(b)  Our opinion is subject to the effect
of general principles of equity, including without limitation concepts of materiality, reasonableness, good faith and fair dealing
(regardless of whether considered in a proceeding in equity or at law).

 

(c)  We express no opinion with respect
to the enforceability of indemnification provisions, or of release or exculpation provisions, contained in the Opinion Documents
to the extent that enforcement thereof is contrary to public policy regarding the indemnification against or release or exculpation
of criminal violations, intentional harm or violations of securities laws.

 

(d)  We express no opinion with respect
to the enforceability of any indemnity against loss in converting into a specified currency the proceeds or amount of a court judgment
in another currency.

 

(e)  We express no opinion with respect
to Section 9.12 of the Credit Agreement to the extent that such Section (i) implies that a federal court of the United States has
subject matter jurisdiction or (ii) purports to grant any court exclusive jurisdiction.

 

(f)  Our opinion is limited to Generally
Applicable Law.

 

A copy of this opinion letter may be delivered by
any of you to any person that becomes a Lender in accordance with the provisions of the Credit Agreement. Any such person may rely
on the opinion expressed above as if this opinion letter were addressed and delivered to such person on the date hereof.

 

This opinion letter is rendered to you in connection
with the transactions contemplated by the Opinion Documents. This opinion letter may not be relied upon by you or any person entitled
to rely on this opinion pursuant to the preceding paragraph for any other purpose without our prior written consent.

 

This opinion letter speaks only as of the date hereof.
We expressly disclaim any responsibility to advise you of any development or circumstance of any kind, including any change

    	3

    	

    

of law or fact, that may occur after the date of this opinion letter
that might affect the opinion expressed herein.

 

Very truly yours,

    	4Revolving Line of Credit

Extension Agreement

 

THIS EXTENSION AGREEMENT is entered into on the
30th day of September, 2013 (the “Effective Date”), by and between;

 

5BARz International Inc., a Nevada Corporation
with offices at 1218 Third Ave., Suite 505, Seattle Washington, 98101 (hereinafter referred to as the “Lender”)

 

and

 

CelLynx Group Inc., a Nevada Corporation with
offices at 1111 Brickell Ave., Suite 1175, Miami, Florida, 33131 (hereinafter referred to as the “Borrower”)

 

 

 

This extension agreement relates to the following
agreement which was previously entered into between the Parties as follows:

 

REVOLVING LINE OF CREDIT AGREEMENT dated
October 5, 2010 entered into by and between CelLynx Group, Inc., a Nevada corporation, and Dollardex Group Corp.., a Panama Corporation
and assigned to 5BARz International Inc. on December 30, 2010. This agreement was subsequently amended on February 18, 2011
and May 12, 2011, and March 30, 2012 and is attached hereto for reference as Appendix “B”.

WHEREAS:

 

The parties had entered into a revolving line of
credit agreement which provided for a line of credit aggregating $2.2 million dollars to be provided by lender to borrower in payments
made from time to time, on a best efforts basis, with such payments being evidenced by way of a convertible promissory note or
notes in the format attached hereto as Appendix “C”

 

The line of credit facility and notes related thereto
mature on October 5, 2013, and it is the desire of the borrower that funds advanced there-under not become repayable at the date
of maturity.

 

Cellynx Group. Inc. are desirous of having the terms
of the line of credit agreement extended to provide operating capital to the Company until such time as the Company becomes profitable.

 

The Parties hereto are desirous of entering into
a further arrangement whereby certain 3rd party liabilities owed by the Borrower be transferred to the Lender pursuant
to the terms of the Line of credit agreement as extended.. Further that the borrower represents that pursuant to ongoing negotiations,
and the existence of certain pending agreements, that borrower believes that lender will be able to settle such liabilities at
an amount which is less than stated value of the liability transferred through the line of credit agreement.

 

 

Therefore be it agreed that;

 

 

		1.	The line of credit agreement be extended for a period of the lesser of one year or until borrower
earns sufficient royalty income to become self sustaining. As the funding is on a best efforts basis future funding will be determined
from time to time based upon financial requirements of borrower and ability to finance by lender. 

 

		2.	That the convertible feature of the note payable issued pursuant to the line of credit be changed
to match that of 3rd party creditors owed by borrower, and that the convertible feature in the Line of Credit be retained
until such time as borrow no longer has third party debtors with convertible debt features. Once such 3rd party convertible
notes are settled, lender agrees to address the removal of the convertible feature on the borrowings under the line of credit.

 

		3.	That the liabilities aggregating $ 1,435,506.32 and attached hereto as Appendix “A”
be transferred from borrower to lender, and that borrower will do all such things and acts as may be required from time to time
to assist lender to settle these debts with the 3rd party lender and that all benefit, related to such settlement shall
remain irrevocably that of lender and that borrow has no cause for set off, reduction in line of credit balance or fees related
to settlement efforts or amounts achieved by borrower.

 

		4.	That the parties hereby review and agree that the transaction and balances provided in the amount
of $2,503,764.39 comprise the full amount due under the Line of Credit agreement as provided in the accounting attached hereto
and that the note agreement as provided in Appendix C be that balance as agreed on the effective date of this agreement.

 

 

Agreed this 30th day of September 2013
(the “effective date”) in the City of Miami, Florida.

 

 

 

 

	CEO – 5BARz International Inc.	 	CEO –Cellynx Group, Inc.
	Lender	 	Borrower

 

 

 

 

 

APPENDIX A

 

 

	5BARz International Inc.
	Settlement of Debts
	Debt	 	 	 	 	 	 
	Name	 	Company / Account	 	Account	 	Amount
	Rebecca Garrett	 	Cellynx Group	 	A / P	 	 	78,134.56	 
	Durham Jones & Pinegar	 	Cellynx Inc	 	A / P	 	 	184,827.92	 
	Richardson and Patel LLP	 	Cellynx Inc	 	A / P	 	 	286,281.48	 
	Pickard & Green, CPAs	 	Cellynx Inc	 	A / P	 	 	77,077.15	 
	Pickard & Green, CPAs	 	Cellynx Group	 	Note payable	 	 	86,666.00	 
	Palomar Ventures III, L.P.	 	Cellynx Inc	 	Note payable	 	 	318,939.00	 
	Frazer, LLP	 	Cellynx Inc	 	A / P	 	 	35,632.23	 
	Dwayne Yaretz	 	Cellynx Group	 	A / P	 	 	51,942.68	 
	Dwayne Yaretz	 	Cellynx Group	 	Note payable	 	 	103,532.00	 
	Collins & Associates	 	Cellynx Inc	 	A / P	 	 	212,473.30	 
		 		 		 	 	1,435,506.32	 

 

 

 

     

     

    

 

Appendix “B”

 AMENDED AND RESTATED REVOLVING LINE OF CREDIT
AGREEMENT

 

Included by Reference

 

See SEC Filings for 5BARz International
Inc.

8K Dated March 30, 2012

Appendix F 

     

     

    

 

Appendix “C”

 

NEITHER THE ISSUANCE AND SALE
OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE CONVERTIBLE HAVE BEEN REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED FOR SALE,
SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES
ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY ACCEPTABLE
FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING
THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT
SECURED BY THE SECURITIES.

Principal Amount: $2,503,764.39
Issue Date: September 30, 2013

CONVERTIBLE PROMISSORY NOTE

FOR VALUE RECEIVED, CELLYNX
GROUP, INC., a Nevada corporation (hereinafter called the “Borrower”), hereby promises to pay to the order of 5BARZ
INTERNATIONAL INC., an individual, or registered assigns (the “Holder”) the sum of Five Hundred Ninety-Six Thousand
Two Hundred Dollars ($2,503,764.39) together with any interest as set forth herein, on September 30, 2014 (the “Maturity
Date”), and to pay interest on the unpaid principal balance hereof at the rate of eight percent (8%) (the “Interest
Rate”) per annum from the date hereof (the “Issue Date”) until the same becomes due and payable, whether at maturity
or upon acceleration or by prepayment or otherwise. This Note may be prepaid in whole or in part at the option of the holder as
explicitly set forth herein with the prior written consent of the Holder which may be withheld for any reason or no reason. Any
amount of principal or interest on this Note which is not paid when due shall bear interest at the rate of twenty two percent (22%)
per annum from the due date thereof until the same is paid (“Default Interest”). Interest shall commence accruing on
the date that the Note is fully paid and shall be computed on the basis of a 365-day year and the actual number of days elapsed.
All payments due hereunder (to the extent not converted into common stock, $0.001 par value per share (the “Common Stock”)
in accordance with the terms hereof) shall be made in lawful money of the United States of America. All payments shall be made
at such address as the Holder shall hereafter give to the Borrower by written notice made in accordance with the provisions of
this Note. Whenever any amount expressed to be due by the terms of this Note is due on any day which is not a business day, the
same shall instead be due on the next succeeding day which is a business day and, in the case of any interest payment date which
is not the date on which this Note is paid in full, the extension of the due date thereof shall not be taken into account for purposes
of determining the amount of interest due on such date. As used in this Note, the term “business day” shall mean any
day other than a Saturday, Sunday or a day on which commercial banks in the city of New York, New York are authorized or required
by law or executive order to remain closed. Each capitalized term used herein, and not otherwise defined, shall have the meaning
ascribed thereto in that certain Amended and Restated Revolving Line of Credit Agreement dated the date hereof, pursuant to which
this Note was originally issued (the “Revolving Line of Credit Agreement”).

This Note is free from all taxes,
liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar
rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof.

The following terms shall apply
to this Note:

ARTICLE I. CONVERSION RIGHTS

1.1 Conversion
Right. The Holder shall have the right from time to time, and at any time during the period beginning on the date of this Note
and ending on the later of: (i) the Maturity Date and (ii) the date of payment of the Default Amount (as defined in Article III)
pursuant to Section 1.6(a) or Article III, each in respect of the remaining outstanding principal amount of this Note to convert
all or any part of the outstanding and unpaid principal amount of this Note into fully paid and non- assessable shares of Common
Stock, as such Common Stock exists on the Issue Date, or any shares of capital stock or other securities of the Borrower into which
such Common Stock shall hereafter be changed or reclassified at the conversion price (the “Conversion Price”) determined
as provided herein (a “Conversion”); The number of shares of Common Stock to be issued upon each conversion of this
Note of any amounts due shall be determined by dividing the Conversion Amount (as defined below) by the applicable Conversion Price
then in effect on the date specified in the notice of conversion, in the form attached hereto as Exhibit A (the “Notice of
Conversion”), delivered to the Borrower by the Holder in accordance with Section 1.4 below; provided that the Notice of Conversion
is submitted by facsimile or e-mail (or by other means resulting in, or reasonably expected to result in, notice) to the Borrower
before 6:00 p.m., Pacific Time on such conversion date (the “Conversion Date”). The term “Conversion Amount”
means, with respect to any conversion of any amounts due under this Note, the sum of (1) the principal amount of this Note to be
converted in such conversion plus (2) at the Borrower’s option, accrued and unpaid interest, if any, on such principal amount
at the interest rates provided in this Note to the Conversion Date, plus (3) at the Borrower’s option, Default Interest,
if any, on the amounts referred to in the immediately preceding clauses (1) and/or (2) plus (4) at the Holder’s option, any
amounts owed to the Holder pursuant to Sections 1.3 and 1.4(g) hereof.

1.2 Conversion
Price.

(a)
Calculation of Conversion Price. The conversion price (the “Conversion Price”) shall equal the Variable Conversion
Price (as defined herein) (subject to equitable adjustments for stock splits, stock dividends or rights offerings by the Borrower
relating to the Borrower’s securities or the securities of any subsidiary of the Borrower, combinations, recapitalization,
reclassifications, extraordinary distributions and similar events). The "Variable Conversion Price" shall mean an amount
equal to 51% multiplied by the Market Price (as defined herein) (representing a discount rate of 49%). The “Market Price”
shall mean the average of the lowest three (3) Trading Prices (as defined below) for the Common Stock during the thirty (30) Trading
Day period ending on the latest complete Trading Day prior to the Conversion Date. “Trading Price” means, for any security
as of any date, the closing bid price on the Over-the-Counter Bulletin Board, or applicable trading market (the “OTCBB”)
as reported by a reliable reporting service (“Reporting Service”) designated by the Holder (i.e. Bloomberg) or, if
the OTCBB is not the principal trading market for such security, the closing bid price of such security on the principal securities
exchange or trading market where such security is listed or traded or, if no closing price of such security is available in any
of the foregoing manners, the average of the closing prices of any market makers for such security that are listed in the “pink
sheets” by the National Quotation Bureau, Inc. If the Trading Price cannot be calculated for such security on such date in
the manner provided above, the Trading Price shall be the fair market value as mutually determined by the Borrower and the holders
of a majority in interest of the Notes being converted for which the calculation of the Trading Price is required in order to determine
the Conversion Price of such Notes. “Trading Day” shall mean any day on which the Common Stock is tradable for any
period on the OTCBB, or on the principal securities exchange or other securities market on which the Common Stock is then being
traded.

(b)
Conversion Price During Major Announcements. Notwithstanding anything contained in Section 1.2(a) to the contrary, in the
event the Borrower (i) makes a public announcement that it intends to consolidate or merge with any other corporation (other than
a merger in which the Borrower is the surviving or continuing corporation and its capital stock is unchanged) or sell or transfer
all or substantially all of the assets of the Borrower or (ii) any person, group or entity (including the Borrower) that publicly
announces a tender offer to purchase 50% or more of the Borrower’s Common Stock (or any other takeover scheme) (the date
of the announcement referred to in clause (i) or (ii) is hereinafter referred to as the “Announcement Date”), then
the Conversion Price shall, effective upon the Announcement Date and continuing through the Adjusted Conversion Price Termination
Date (as defined below), be equal to the lower of (x) the Conversion Price which would have been applicable for a Conversion occurring
on the Announcement Date and (y) the Conversion Price that would otherwise be in effect. From and after the Adjusted Conversion
Price Termination Date, the Conversion Price shall be determined as set forth in this Section 1.2(a). For purposes hereof, “Adjusted
Conversion Price Termination Date” shall mean, with respect to any proposed transaction or tender offer (or takeover scheme)
for which a public announcement as contemplated by this Section 1.2(b) has been made, the date upon which the Borrower (in the
case of clause (i) above) or the person, group or entity (in the case of clause (ii) above) consummates or publicly announces the
termination or abandonment of the proposed transaction or tender offer (or takeover scheme) which caused this Section 1.2(b) to
become operative.

1.3 Authorized
Shares. The Borrower covenants that during the period the conversion right exists, the Borrower will reserve from its authorized
and unissued Common Stock a sufficient number of shares, free from preemptive rights, to provide for the issuance of Common Stock
upon the full conversion of this Note issued pursuant to the Revolving Line of Credit Agreement. The Borrower is required at all
times to have authorized and reserved five times the number of shares that is actually issuable upon full conversion of the Note
(based on the Conversion Price of the Notes in effect from time to time) (the “Reserved Amount”). The Reserved Amount
shall be increased from time to time if required in order to meet the Borrower’s obligations hereunder . The Borrower represents
that upon issuance, such shares will be duly and validly issued, fully paid and non-assessable. In addition, if the Borrower shall
issue any securities or make any change to its capital structure which would change the number of shares of Common Stock into which
the Notes shall be convertible at the then current Conversion Price, the Borrower shall at the same time make proper provision
so that thereafter there shall be a sufficient number of shares of Common Stock authorized and reserved, free from preemptive rights,
for conversion of the outstanding Notes. The Borrower (i) acknowledges that it has irrevocably instructed its transfer agent to
issue certificates for the Common Stock issuable upon conversion of this Note, and (ii) agrees that its issuance of this Note shall
constitute full authority to its officers and agents who are charged with the duty of executing stock certificates to execute and
issue the necessary certificates for shares of Common Stock in accordance with the terms and conditions of this Note.

If, at any time the Borrower does
not maintain the Reserved Amount it will be considered an Event of Default under Section 3 of the Note.

1.4 Method
of Conversion.

(a)
Mechanics of Conversion. Subject to Section 1.1, this Note may be converted by the Holder in whole or in part at any time
from time to time after the Issue Date, by (A) submitting to the Borrower a Notice of Conversion (by facsimile, e-mail or other
reasonable means of communication dispatched on the Conversion Date prior to 6:00 p.m., Pacific time) and (B) subject to Section
1.4(b), surrendering this Note at the principal office of the Borrower.

(b)
Surrender of Note Upon Conversion. Notwithstanding anything to the contrary set forth herein, upon conversion of this Note
in accordance with the terms hereof, the Holder shall not be required to physically surrender this Note to the Borrower unless
the entire unpaid principal amount of this Note is so converted. The Holder and the Borrower shall maintain records showing the
principal amount so converted and the dates of such conversions or shall use such other method, reasonably satisfactory to the
Holder and the Borrower, so as not to require physical surrender of this Note upon each such conversion. In the event of any dispute
or discrepancy, such records of the Borrower shall, primafacie, be controlling and determinative in the absence of manifest error.
Notwithstanding the foregoing, if any portion of this Note is converted as aforesaid, the Holder may not transfer this Note unless
the Holder first physically surrenders this Note to the Borrower, whereupon the Borrower will forthwith issue and deliver upon
the order of the Holder a new Note of like tenor, registered as the Holder (upon payment by the Holder of any applicable transfer
taxes) may request, representing in the aggregate the remaining unpaid principal amount of this Note. The Holder and any assignee,
by acceptance of this Note, acknowledge and agree that, by reason of the provisions of this paragraph, following conversion of
a portion of this Note, the unpaid and unconverted principal amount of this Note represented by this Note may be less than the
amount stated on the face hereof.

(c)
Payment of Taxes. The Borrower shall not be required to pay any tax which may be payable in respect of any transfer involved
in the issue and delivery of shares of Common Stock or other securities or property on conversion of this Note in a name other
than that of the Holder (or in street name), and the Borrower shall not be required to issue or deliver any such shares or other
securities or property unless and until the person or persons (other than the Holder or the custodian in whose street name such
shares are to be held for the Holder’s account) requesting the issuance thereof shall have paid to the Borrower the amount
of any such tax or shall have established to the satisfaction of the Borrower that such tax has been paid.

(d)
Delivery of Common Stock Upon Conversion. Upon receipt by the Borrower from the Holder of a facsimile transmission or e-mail
(or other reasonable means of communication) of a Notice of Conversion meeting the requirements for conversion as provided in this
Section 1.4, the Borrower shall issue and deliver or cause to be issued and delivered to or upon the order of the Holder certificates
for the Common Stock issuable upon such conversion within three (3) business days after such receipt (but in any event the fifth
(5th) business day being hereinafter referred to as the “Deadline”) (and, solely in the case of conversion of the entire
unpaid principal amount hereof, surrender of this Note) in accordance with the terms hereof and the Revolving Line of Credit Agreement.

(e)
Obligation of Borrower to Deliver Common Stock. Upon receipt by the Borrower of a Notice of Conversion, the Holder shall
be deemed to be the holder of record of the Common Stock issuable upon such conversion, the outstanding principal amount and the
amount of accrued and unpaid interest on this Note shall be reduced to reflect such conversion, and, unless the Borrower defaults
on its obligations under this Article I, all rights with respect to the portion of this Note being so converted shall forthwith
terminate except the right to receive the Common Stock or other securities, cash or other assets, as herein provided, on such conversion.
If the Holder shall have given a Notice of Conversion as provided herein, the Borrower’s obligation to issue and deliver
the certificates for Common Stock shall be absolute and unconditional, irrespective of the absence of any action by the Holder
to enforce the same, any waiver or consent with respect to any provision thereof, the recovery of any judgment against any person
or any action to enforce the same, any failure or delay in the enforcement of any other obligation of the Borrower to the holder
of record, or any setoff, counterclaim, recoupment, limitation or termination, or any breach or alleged breach by the Holder of
any obligation to the Borrower, and irrespective of any other circumstance which might otherwise limit such obligation of the Borrower
to the Holder in connection with such conversion. The Conversion Date specified in the Notice of Conversion shall be the Conversion
Date so long as the Notice of Conversion is received by the Borrower before 6:00 p.m., Pacific time, on such date.

(f)
Delivery of Common Stock by Electronic Transfer. In lieu of delivering physical certificates representing the Common Stock
issuable upon conversion, provided the Borrower is participating in the Depository Trust Company (“DTC”) Fast Automated
Securities Transfer (“FAST”) program, upon request of the Holder and its compliance with the provisions contained in
Section 1.1 and in this Section 1.4, the Borrower shall use its best efforts to cause its transfer agent to electronically transmit
the Common Stock issuable upon conversion to the Holder by crediting the account of Holder’s Prime Broker with DTC through
its Deposit Withdrawal Agent Commission (“DWAC”) system.

(g)
Failure to Deliver Common Stock Prior to Deadline. Without in any way limiting the Holder’s right to pursue other remedies,
including actual damages and/or equitable relief, the parties agree that if delivery of the Common Stock issuable upon conversion
of this Note is not delivered by the Deadline (other than a failure due to the circumstances described in Section 1.3 above, which
failure shall be governed by such Section) the Borrower shall pay to the Holder Two Thousand Dollars ($2,000) per day in cash,
for each day beyond the Deadline that the Borrower fails to deliver such Common Stock. Such cash amount shall be paid to Holder
by the fifth day of the month following the month in which it has accrued or, at the option of the Holder (by written notice to
the Borrower by the first day of the month following the month in which it has accrued), shall be added to the principal amount
of this Note, in which event interest shall accrue thereon in accordance with the terms of this Note and such additional principal
amount shall be convertible into Common Stock in accordance with the terms of this Note. The Borrower agrees that the right to
convert is a valuable right to the Holder. The damages resulting from a failure, attempt to frustrate, or interference with such
conversion right are difficult if not impossible to qualify. Accordingly the parties acknowledge that the liquidated damages provision
contained in this Section 1.4(g) are justified.

1.5 Concerning
the Shares. The shares of Common Stock issuable upon conversion of this Note may not be sold or transferred unless (i) such
shares are sold pursuant to an effective registration statement under the Act or (ii) the Borrower or its transfer agent shall
have been furnished with an opinion of counsel (which opinion shall be in form, substance and scope customary for opinions of counsel
in comparable transactions) to the effect that the shares to be sold or transferred may be sold or transferred pursuant to an exemption
from such registration or (iii) such shares are sold or transferred pursuant to Rule 144 under the Act (or a successor rule) (“Rule
144”) or (iv) such shares are transferred to an “affiliate” (as defined in Rule 144) of the Borrower who agrees
to sell or otherwise transfer the shares only in accordance with this Section 1.5 and who is an Accredited Investor (as defined
in Rule 501(a) of the Securities Act of 1933). Except as otherwise provided in the Revolving Line of Credit Agreement (and subject
to the removal provisions set forth below), until such time as the shares of Common Stock issuable upon conversion of this Note
have been registered under the Act or otherwise may be sold pursuant to Rule 144 without any restriction as to the number of securities
as of a particular date that can then be immediately sold, each certificate for shares of Common Stock issuable upon conversion
of this Note that has not been so included in an effective registration statement or that has not been sold pursuant to an effective
registration statement or an exemption that permits removal of the legend, shall bear a legend substantially in the following form,
as appropriate:

“NEITHER THE ISSUANCE
AND SALE OF THE SECURITIES REPRESENTED BY THIS CERTIFICATE NOR THE SECURITIES INTO WHICH THESE SECURITIES ARE EXERCISABLE HAVE
BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THE SECURITIES MAY NOT BE OFFERED
FOR SALE, SOLD, TRANSFERRED OR ASSIGNED (I) IN THE ABSENCE OF (A) AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER
THE SECURITIES ACT OF 1933, AS AMENDED, OR (B) AN OPINION OF COUNSEL (WHICH COUNSEL SHALL BE SELECTED BY THE HOLDER), IN A GENERALLY
ACCEPTABLE FORM, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR (II) UNLESS SOLD PURSUANT TO RULE 144 OR RULE 144A UNDER SAID
ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR
FINANCING ARRANGEMENT SECURED BY THE SECURITIES.”

The legend
set forth above shall be removed and the Borrower shall issue to the Holder a new certificate therefore free of any transfer legend
if (i) the Borrower or its transfer agent shall have received an opinion of counsel, in form, substance and scope customary for
opinions of counsel in comparable transactions, to the effect that a public sale or transfer of such Common Stock may be made without
registration under the Act, which opinion shall be accepted by the Borrower so that the sale or transfer is effected or (ii) in
the case of the Common Stock issuable upon conversion of this Note, such security is registered for sale by the Holder under an
effective registration statement filed under the Act or otherwise may be sold pursuant to Rule 144 without any restriction as to
the number of securities as of a particular date that can then be immediately sold. In the event that the Borrower does not accept
the opinion of counsel provided by the Holder with respect to the transfer of securities pursuant to an exemption from registration,
such as Rule 144 or Regulation S, at the Deadline, it will be considered an Event of Default pursuant to Section 3.2 of the Note.

1.6 Effect
of Certain Events.

(a)
Effect of Merger, Consolidation, Etc. At the option of the Holder, the sale, conveyance or disposition of all or substantially
all of the assets of the Borrower, the effectuation by the Borrower of a transaction or series of related transactions in which
more than 50% of the voting power of the Borrower is disposed of, or the consolidation, merger or other business combination of
the Borrower with or into any other Person (as defined below) or Persons when the Borrower is not the survivor shall either: (i)
be deemed to be an Event of Default (as defined in Article III) pursuant to which the Borrower shall be required to pay to the
Holder upon the consummation of and as a condition to such transaction an amount equal to the Default Amount (as defined in Article
III) or (ii) be treated pursuant to Section 1.6(b) hereof. “Person” shall mean any individual, corporation, limited
liability company, partnership, association, trust or other entity or organization.

(b)
Adjustment Due to Merger, Consolidation, Etc. If, at any time when this Note is issued and outstanding and prior to conversion
of all of the Notes, there shall be any merger, consolidation, exchange of shares, recapitalization, reorganization, or other similar
event, as a result of which shares of Common Stock of the Borrower shall be changed into the same or a different number of shares
of another class or classes of stock or securities of the Borrower or another entity, or in case of any sale or conveyance of all
or substantially all of the assets of the Borrower other than in connection with a plan of complete liquidation of the Borrower,
then the Holder of this Note shall thereafter have the right to receive upon conversion of this Note, upon the basis and upon the
terms and conditions specified herein and in lieu of the shares of Common Stock immediately theretofore issuable upon conversion,
such stock, securities or assets which the Holder would have been entitled to receive in such transaction had this Note been converted
in full immediately prior to such transaction (without regard to any limitations on conversion set forth herein), and in any such
case appropriate provisions shall be made with respect to the rights and interests of the Holder of this Note to the end that the
provisions hereof (including, without limitation, provisions for adjustment of the Conversion Price and of the number of shares
issuable upon conversion of the Note) shall thereafter be applicable, as nearly as may be practicable in relation to any securities
or assets thereafter deliverable upon the conversion hereof. The Borrower shall not affect any transaction described in this Section
1.6(b) unless (a) it first gives, to the extent practicable, thirty (30) days prior written notice (but in any event at least fifteen
(15) days prior written notice) of the record date of the special meeting of shareholders to approve, or if there is no such record
date, the consummation of, such merger, consolidation, exchange of shares, recapitalization, reorganization or other similar event
or sale of assets (during which time the Holder shall be entitled to convert this Note) and (b) the resulting successor or acquiring
entity (if not the Borrower) assumes by written instrument the obligations of this Section 1.6(b). The above provisions shall similarly
apply to successive consolidations, mergers, sales, transfers or share exchanges.

(c)
Adjustment Due to Distribution. If the Borrower shall declare or make any distribution of its assets (or rights to acquire
its assets) to holders of Common Stock as a dividend, stock repurchase, by way of return of capital or otherwise (including any
dividend or distribution to the Borrower’s shareholders in cash or shares (or rights to acquire shares) of capital stock
of a subsidiary (i.e., a spin-off)) (a “Distribution”), then the Holder of this Note shall be entitled, upon any conversion
of this Note after the date of record for determining shareholders entitled to such Distribution, to receive the amount of such
assets which would have been payable to the Holder with respect to the shares of Common Stock issuable upon such conversion had
such Holder been the holder of such shares of Common Stock on the record date for the determination of shareholders entitled to
such Distribution.

(d)
Adjustment Due to Dilutive Issuance. If, at any time when any Notes are issued and outstanding, the Borrower issues or sells,
or in accordance with this Section 1.6(d) hereof is deemed to have issued or sold, any shares of Common Stock for no consideration
or for a consideration per share (before deduction of reasonable expenses or commissions or underwriting discounts or allowances
in connection therewith) less than the Conversion Price in effect on the date of such issuance (or deemed issuance) of such shares
of Common Stock (a “Dilutive Issuance”), then immediately upon the Dilutive Issuance, the Conversion Price will be
reduced to the amount of the consideration per share received by the Borrower in such Dilutive Issuance.

The Borrower
shall be deemed to have issued or sold shares of Common Stock if the Borrower in any manner issues or grants any warrants, rights
or options (not including employee stock option plans), whether or not immediately exercisable, to subscribe for or to purchase
Common Stock or other securities convertible into or exchangeable for Common Stock (“Convertible Securities”) (such
warrants, rights and options to purchase Common Stock or Convertible Securities are hereinafter referred to as “Options”)
and the price per share for which Common Stock is issuable upon the exercise of such Options is less than the Conversion Price
then in effect, then the Conversion Price shall be equal to such price per share. For purposes of the preceding sentence, the “price
per share for which Common Stock is issuable upon the exercise of such Options” is determined by dividing (i) the total amount,
if any, received or receivable by the Borrower as consideration for the issuance or granting of all such Options, plus the minimum
aggregate amount of additional consideration, if any, payable to the Borrower upon the exercise of all such Options, plus, in the
case of Convertible Securities issuable upon the exercise of such Options, the minimum aggregate amount of additional consideration
payable upon the conversion or exchange thereof at the time such Convertible Securities first become convertible or exchangeable,
by (ii) the maximum total number of shares of Common Stock issuable upon the exercise of all such Options (assuming full conversion
of Convertible Securities, if applicable). No further adjustment to the Conversion Price will be made upon the actual issuance
of such Common Stock upon the exercise of such Options or upon the conversion or exchange of Convertible Securities issuable upon
exercise of such Options.

Additionally,
the Borrower shall be deemed to have issued or sold shares of Common Stock if the Borrower in any manner issues or sells any Convertible
Securities, whether or not immediately convertible (other than where the same are issuable upon the exercise of Options), and the
price per share for which Common Stock is issuable upon such conversion or exchange is less than the Conversion Price then in effect,
then the Conversion Price shall be equal to such price per share. For the purposes of the preceding sentence, the “price
per share for which Common Stock is issuable upon such conversion or exchange” is determined by dividing (i) the total amount,
if any, received or receivable by the Borrower as consideration for the issuance or sale of all such Convertible Securities, plus
the minimum aggregate amount of additional consideration, if any, payable to the Borrower upon the conversion or exchange thereof
at the time such Convertible Securities first become convertible or exchangeable, by (ii) the maximum total number of shares of
Common Stock issuable upon the conversion or exchange of all such Convertible Securities. No further adjustment to the Conversion
Price will be made upon the actual issuance of such Common Stock upon conversion or exchange of such Convertible Securities.

(e)
Purchase Rights. If, at any time when any Notes are issued and outstanding, the Borrower issues any convertible securities
or rights to purchase stock, warrants, securities or other property (the “Purchase Rights”) pro rata to the record
holders of any class of Common Stock, then the Holder of this Note will be entitled to acquire, upon the terms applicable to such
Purchase Rights, the aggregate Purchase Rights which such Holder could have acquired if such Holder had held the number of shares
of Common Stock acquirable upon complete conversion of this Note (without regard to any limitations on conversion contained herein)
immediately before the date on which a record is taken for the grant, issuance or sale of such Purchase Rights or, if no such record
is taken, the date as of which the record holders of Common Stock are to be determined for the grant, issue or sale of such Purchase
Rights.

(f)
Notice of Adjustments. Upon the occurrence of each adjustment or readjustment of the Conversion Price as a result of the events
described in this Section 1.6, the Borrower, at its expense, shall promptly compute such adjustment or readjustment and prepare
and furnish to the Holder a certificate setting forth such adjustment or readjustment and showing in detail the facts upon which
such adjustment or readjustment is based. The Borrower shall, upon the written request at any time of the Holder, furnish to such
Holder a like certificate setting forth (i) such adjustment or readjustment, (ii) the Conversion Price at the time in effect and
(iii) the number of shares of Common Stock and the amount, if any, of other securities or property which at the time would be received
upon conversion of the Note.

1.7 Trading
Market Limitations. Unless permitted by the applicable rules and regulations of the principal securities market on which the
Common Stock is then listed or traded, in no event shall the Borrower issue upon conversion of or otherwise pursuant to this Note
and the other Notes issued pursuant to the Revolving Line of Credit Agreement more than the maximum number of shares of Common
Stock that the Borrower can issue pursuant to any rule of the principal United States securities market on which the Common Stock
is then traded (the “Maximum Share Amount”), subject to equitable adjustment from time to time for stock splits, stock
dividends, combinations, capital reorganizations and similar events relating to the Common Stock occurring after the date hereof.
Once the Maximum Share Amount has been issued, if the Borrower fails to eliminate any prohibitions under applicable law or the
rules or regulations of any stock exchange, interdealer quotation system or other self-regulatory organization with jurisdiction
over the Borrower or any of its securities on the Borrower’s ability to issue shares of Common Stock in excess of the Maximum
Share Amount, in lieu of any further right to convert this Note, this will be considered an Event of Default under Section 3.3
herein.

1.8 Status
as Shareholder. Upon submission of a Notice of Conversion by a Holder, (i) the shares covered thereby (other than the shares,
if any, which cannot be issued because their issuance would exceed such Holder’s allocated portion of the Reserved Amount
or Maximum Share Amount) shall be deemed converted into shares of Common Stock and (ii) the Holder’s rights as a Holder of
such converted portion of this Note shall cease and terminate, excepting only the right to receive certificates for such shares
of Common Stock and to any remedies provided herein or otherwise available at law or in equity to such Holder because of a failure
by the Borrower to comply with the terms of this Note. Notwithstanding the foregoing, if a Holder has not received certificates
for all shares of Common Stock prior to the tenth (10th) business day after the expiration of the Deadline with respect to a conversion
of any portion of this Note for any reason, then (unless the Holder otherwise elects to retain its status as a holder of Common
Stock by so notifying the Borrower) the Holder shall regain the rights of a Holder of this Note with respect to such unconverted
portions of this Note and the Borrower shall, as soon as practicable, return such unconverted Note to the Holder or, if the Note
has not been surrendered, adjust its records to reflect that such portion of this Note has not been converted. In all cases, the
Holder shall retain all of its rights and remedies (including, without limitation, (i) the right to receive, to the extent required
by article 3.16 default payments as specified therein for such Conversion Default and (ii) the right to have the Conversion Price
with respect to subsequent conversions determined in accordance with Section 1.3) for the Borrower’s failure to convert this
Note.

1.9 Prepayment.
Notwithstanding anything to the contrary contained in this Note, so long as the Borrower has not received a Notice of Conversion
from the Holder, then at any time during the period beginning on the Issue Date and ending on the date which is one hundred twenty
(120) days following the date hereof, the Borrower shall have the right, exercisable on not less than three (3) Trading Days prior
written notice to the Holder of the Note to prepay the outstanding Note (principal and accrued interest), in full, in accordance
with this Section 1.9. Any notice of prepayment hereunder (an “Optional Prepayment Notice”) shall be delivered to the
Holder of the Note at its registered addresses and shall state: (1) that the Borrower is exercising its right to prepay the Note,
and (2) the date of prepayment which shall be not more than three (3) Trading Days from the date of the Optional Prepayment Notice.
On the date fixed for prepayment (the “Optional Prepayment Date”), the Borrower shall make payment of the Optional
Prepayment Amount (as defined below) to or upon the order of the Holder as specified by the Holder in writing to the Borrower at
least one (1) business day prior to the Optional Prepayment Date. If the Borrower exercises its right to prepay the Note, the Borrower
shall make payment to the Holder of an amount in cash (the “Optional Prepayment Amount”) equal to 150%, multiplied
by the sum of: (w) the then outstanding principal amount of this Note plus (x) accrued and unpaid interest on the unpaid principal
amount of this Note to the Optional Prepayment Date plus (y) Default Interest, if any, on the amounts referred to in clauses (w)
and (x) plus (z) any amounts owed to the Holder pursuant to Sections 1.3 and 1.4(g) hereof. If the Borrower delivers an Optional
Prepayment Notice and fails to pay the Optional Prepayment Amount due to the Holder of the Note within two (2) business days following
the Optional Prepayment Date, the Borrower shall forever forfeit its right to prepay the Note pursuant to this Section 1.9.

Notwithstanding
any to the contrary stated elsewhere herein, at any time during the period beginning on the date which is one hundred twenty-one
(121) days from the issue date and ending one hundred eighty (180) days following the issue date, the Borrower shall have the right,
exercisable on not less than three (3) Trading Days prior written notice to the Holder of the Note to prepay the outstanding Note
(principal and accrued interest), in full, in accordance with this Section 1.9. Any notice of prepayment hereunder (an “Optional
Prepayment Notice”) shall be delivered to the Holder of the Note at its registered addresses and shall state: (1) that the
Borrower is exercising its right to prepay the Note, and (2) the date of prepayment which shall be not more than three (3) Trading
Days from the date of the Optional Prepayment Notice. On the date fixed for prepayment (the “Optional Prepayment Date”),
the Borrower shall make payment of the Second Optional Prepayment Amount (as defined below) to or upon the order of the Holder
as specified by the Holder in writing to the Borrower at least one (1) business day prior to the Optional Prepayment Date. If the
Borrower exercises its right to prepay the Note, the Borrower shall make payment to the Holder of an amount in cash (the “Second
Optional Prepayment Amount”) equal to 175%, multiplied by the sum of: (w) the then outstanding principal amount of this Note
plus (x) accrued and unpaid interest on the unpaid principal amount of this Note to the Optional Prepayment Date plus (y) Default
Interest, if any, on the amounts referred to in clauses (w) and (x) plus (z) any amounts owed to the Holder pursuant to Section
1.4(g) hereof. If the Borrower delivers an Optional Prepayment Notice and fails to pay the Second Optional Prepayment Amount due
to the Holder of the Note within two (2) business days following the Optional Prepayment Date, the Borrower shall forever forfeit
its right to prepay the Note pursuant to this Section 1.9.

After the
expiration of one hundred eighty (180) days following the date of the Note, the Borrower shall have no right of prepayment.

ARTICLE II. CERTAIN COVENANTS

2.1 Distributions
on Capital Stock. So long as the Borrower shall have any obligation under this Note, the Borrower shall not without the Holder’s
written consent (a) pay, declare or set apart for such payment, any dividend or other distribution (whether in cash, property or
other securities) on shares of capital stock other than dividends on shares of Common Stock solely in the form of additional shares
of Common Stock or (b) directly or indirectly or through any subsidiary make any other payment or distribution in respect of its
capital stock except for distributions pursuant to any shareholders’ rights plan which is approved by a majority of the Borrower’s
disinterested directors.

2.2 Restriction
on Stock Repurchases. So long as the Borrower shall have any obligation under this Note, the Borrower shall not without the
Holder’s written consent redeem, repurchase or otherwise acquire (whether for cash or in exchange for property or other securities
or otherwise) in any one transaction or series of related transactions any shares of capital stock of the Borrower or any warrants,
rights or options to purchase or acquire any such shares.

2.3 Borrowings.
So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder’s written consent,
create, incur, assume guarantee, endorse, contingently agree to purchase or otherwise become liable upon the obligation of any
person, firm, partnership, joint venture or corporation, except by the endorsement of negotiable instruments for deposit or collection,
or suffer to exist any liability for borrowed money, except (a) borrowings in existence or committed on the date hereof and of
which the Borrower has informed Holder in writing prior to the date hereof, including but not limited to the Revolving Line of
Credit Agreement, (b) indebtedness to trade creditors or financial institutions incurred in the ordinary course of business, (c)
borrowings that in the aggregate do not exceed Two Hundred Fifty Thousand Dollars ($250,000.00) or (d) borrowings, the proceeds
of which shall be used to repay this Note.

2.4 Sale
of Assets. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder’s
written consent, sell, lease or otherwise dispose of any significant portion of its assets outside the ordinary course of business
except pursuant to that asset Revolving Line of Credit Agreement dated October 5, 2010, between the Borrower and the Holder, for
which the Borrower will not need to seek approval of the Holder. Any consent to the disposition of any assets may be conditioned
on a specified use of the proceeds of disposition.

2.5 Advances
and Loans. So long as the Borrower shall have any obligation under this Note, the Borrower shall not, without the Holder’s
written consent, lend money, give credit or make advances to any person, firm, joint venture or corporation, including, without
limitation, officers, directors, employees, subsidiaries and affiliates of the Borrower, except loans, credits or advances (a)
in existence or committed on the date hereof and which the Borrower has informed Holder in writing prior to the date hereof, (b)
made in the ordinary course of business or (c) not in excess of One Hundred Thousand Dollars ($100,000).

ARTICLE III. EVENTS OF DEFAULT

If any of
the following events of default (each, an “Event of Default”) shall occur:

3.1 Failure
to Pay Principal or Interest. The Borrower fails to pay the principal hereof or interest thereon when due on this Note, whether
at maturity, upon acceleration or otherwise.

3.2 Conversion
and the Shares. The Borrower fails to issue shares of Common Stock to the Holder (or announces or threatens in writing that
it will not honor its obligation to do so) upon exercise by the Holder of the conversion rights of the Holder in accordance with
the terms of this Note, fails to transfer or cause its transfer agent to transfer (issue) (electronically or in certificated form)
any certificate for shares of Common Stock issued to the Holder upon conversion of or otherwise pursuant to this Note as and when
required by this Note, the Borrower directs its transfer agent not to transfer or delays, impairs, and/or hinders its transfer
agent in transferring (or issuing) (electronically or in certificated form) any certificate for shares of Common Stock to be issued
to the Holder upon conversion of or otherwise pursuant to this Note as and when required by this Note, or fails to remove (or directs
its transfer agent not to remove or impairs, delays, and/or hinders its transfer agent from removing) any restrictive legend (or
to withdraw any stop transfer instructions in respect thereof) on any certificate for any shares of Common Stock issued to the
Holder upon conversion of or otherwise pursuant to this Note as and when required by this Note (or makes any written announcement,
statement or threat that it does not intend to honor the obligations described in this paragraph) and any such failure shall continue
uncured (or any written announcement, statement or threat not to honor its obligations shall not be rescinded in writing) for three
(3) business days after the Holder shall have delivered a Notice of Conversion.

3.3 Breach
of Covenants. The Borrower breaches any material covenant or other material term or condition contained in this Note and any
collateral documents including but not limited to the Revolving Line of Credit Agreement and such breach continues for a period
of ten (10) days after written notice thereof to the Borrower from the Holder.

3.4 Breach
of Representations and Warranties. Any representation or warranty of the Borrower made herein or in any agreement, statement
or certificate given in writing pursuant hereto or in connection herewith (including, without limitation, the Revolving Line of
Credit Agreement), shall be false or misleading in any material respect when made and the breach of which has (or with the passage
of time will have) a material adverse effect on the rights of the Holder with respect to this Note or the Revolving Line of Credit
Agreement.

3.5 Receiver
or Trustee. The Borrower or any subsidiary of the Borrower shall make an assignment for the benefit of creditors, or apply
for or consent to the appointment of a receiver or trustee for it or for a substantial part of its property or business, or such
a receiver or trustee shall otherwise be appointed.

3.6 Judgments.
Any money judgment, writ or similar process shall be entered or filed against the Borrower or any subsidiary of the Borrower or
any of its property or other assets for more than Fifty Thousand Dollars ($50,000), and shall remain unvacated, unbonded or unstayed
for a period of twenty (20) days unless otherwise consented to by the Holder, which consent will not be unreasonably withheld.

3.7 Bankruptcy.
Bankruptcy, insolvency, reorganization or liquidation proceedings or other proceedings, voluntary or involuntary, for relief under
any bankruptcy law or any law for the relief of debtors shall be instituted by or against the Borrower or any subsidiary of the
Borrower.

3.8 Delisting
of Common Stock. The Borrower shall fail to maintain the listing of the Common Stock on at least one of the OTCBB or an equivalent
replacement exchange, the Nasdaq National Market, the Nasdaq SmallCap Market, the New York Stock Exchange, or the American Stock
Exchange.

3.9 Failure
to Comply with the Exchange Act. The Borrower shall fail to comply with the reporting requirements of the Exchange Act; and/or
the Borrower shall cease to be subject to the reporting requirements of the Exchange Act.

3.10 Liquidation.
Any dissolution, liquidation, or winding up of Borrower or any substantial portion of its business.

3.11 Cessation
of Operations. Any cessation of operations by Borrower or Borrower admits it is otherwise generally unable to pay its debts
as such debts become due, provided, however, that any disclosure of the Borrower’s ability to continue as a “going
concern” shall not be an admission that the Borrower cannot pay its debts as they become due.

3.12 Maintenance
of Assets. The failure by Borrower to maintain any material intellectual property rights, personal, real property or other
assets which are necessary to conduct its business (whether now or in the future).

3.13 Financial
Statement Restatement. The restatement of any financial statements filed by the Borrower with the SEC for any date or period
from two years prior to the Issue Date of this Note and until this Note is no longer outstanding, if the result of such restatement
would, by comparison to the unrestated financial statement, have constituted a material adverse effect on the rights of the Holder
with respect to this Note or the Revolving Line of Credit Agreement.

3.14 Reverse
Splits. The Borrower effectuates a reverse split of its Common Stock without twenty (20) days prior written notice to the Holder.

3.15 Replacement
of Transfer Agent. In the event that the Borrower proposes to replace its transfer agent, the Borrower fails to provide, prior
to the effective date of such replacement, a fully executed Irrevocable Transfer Agent Instructions in a form as initially delivered
pursuant to the Revolving Line of Credit Agreement (including but not limited to the provision to irrevocably reserve shares of
Common Stock in the Reserved Amount) signed by the successor transfer agent to Borrower and the Borrower.

3.16 Cross-Default.
Notwithstanding anything to the contrary contained in this Note or the other related or companion documents, a breach or default
by the Borrower of any covenant or other term or condition contained in any of the Other Agreements, after the passage of all applicable
notice and cure or grace periods, shall, at the option of the Borrower, be considered a default under this Note and the Other Agreements,
in which event the Holder shall be entitled (but in no event required) to apply all rights and remedies of the Holder under the
terms of this Note and the Other Agreements by reason of a default under said Other Agreement or hereunder. “Other Agreements”
shall mean, collectively, all agreements and instruments between, among or by: (1) the Borrower, and, or for the benefit of, (2)
the Holder and any affiliate of the Holder, including, without limitation, promissory notes; provided, however, the term “Other
Agreements” shall not include the related or companion documents to this Note. Each of the loan transactions will be cross-defaulted
with each other loan transaction and with all other existing and future debt of Borrower to the Holder.

Upon the occurrence
and during the continuation of any Event of Default specified in Section 3.1 (solely with respect to failure to pay the principal
hereof or interest thereon when due at the Maturity Date), the Note shall become immediately due and payable and the Borrower shall
pay to the Holder, in full satisfaction of its obligations hereunder, an amount equal to the Default Sum (as defined herein). UPON
THE OCCURRENCE AND DURING THE CONTINUATION OF ANY EVENT OF DEFAULT SPECIFIED IN SECTION 3.2, THE NOTE SHALL BECOME IMMEDIATELY
DUE AND PAYABLE AND THE BORROWER SHALL PAY TO THE HOLDER, IN FULL SATISFACTION OF ITS OBLIGATIONS HEREUNDER, AN AMOUNT EQUAL TO:
(Y) THE DEFAULT SUM (AS DEFINED HEREIN); MULTIPLIED BY (Z) TWO (2). Upon the occurrence and during the continuation of any Event
of Default specified in Sections 3.1 (solely with respect to failure to pay the principal hereof or interest thereon when due on
this Note upon a Trading Market Prepayment Event pursuant to Section 1.7 or upon acceleration), 3.3, 3.4, 3.6, 3.8, 3.9, 3.11,
3.12, 3.13, 3.14, and/or 3. 15 exercisable through the delivery of written notice to the Borrower by such Holders (the “Default
Notice”), and upon the occurrence of an Event of Default specified the remaining sections of Articles III (other than failure
to pay the principal hereof or interest thereon at the Maturity Date specified in Section 3,1 hereof), the Note shall become immediately
due and payable and the Borrower shall pay to the Holder, in full satisfaction of its obligations hereunder, an amount equal to
the greater of (i) one hundred fifty percent (150%) times the sum of (w) the then outstanding principal amount of this Note plus
(x) accrued and unpaid interest on the unpaid principal amount of this Note to the date of payment (the “Mandatory Prepayment
Date”) plus (y) Default Interest, if any, on the amounts referred to in clauses (w) and/or (x) plus (z) any amounts owed
to the Holder pursuant to Section 1.4(g) hereof (the then outstanding principal amount of this Note to the date of payment plus
the amounts referred to in clauses (x), (y) and (z) shall collectively be known as the “Default Sum”) or (ii) the “parity
value” of the Default Sum to be prepaid, where parity value means (a) the highest number of shares of Common Stock issuable
upon conversion of or otherwise pursuant to such Default Sum in accordance with Article I, treating the Trading Day immediately
preceding the Mandatory Prepayment Date as the “Conversion Date” for purposes of determining the lowest applicable
Conversion Price, unless the Default Event arises as a result of a breach in respect of a specific Conversion Date in which case
such Conversion Date shall be the Conversion Date), multiplied by (b) the highest Closing Price for the Common Stock during the
period beginning on the date of first occurrence of the Event of Default and ending one day prior to the Mandatory Prepayment Date
(the “Default Amount”) and all other amounts payable hereunder shall immediately become due and payable, all without
demand, presentment or notice, all of which hereby are expressly waived, together with all costs, including, without limitation,
legal fees and expenses, of collection, and the Holder shall be entitled to exercise all other rights and remedies available at
law or in equity.

If the Borrower
fails to pay the Default Amount within five (5) business days of written notice that such amount is due and payable, then the Holder
shall have the right at any time, so long as the Borrower remains in default (and so long and to the extent that there are sufficient
authorized shares), to require the Borrower, upon written notice, to immediately issue, in lieu of the Default Amount, the number
of shares of Common Stock of the Borrower equal to the Default Amount divided by the Conversion Price then in effect.

ARTICLE IV. MISCELLANEOUS

4.1 Failure
or Indulgence Not Waiver. No failure or delay on the part of the Holder in the exercise of any power, right or privilege hereunder
shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or privilege preclude other
or further exercise thereof or of any other right, power or privileges. All rights and remedies existing hereunder are cumulative
to, and not exclusive of, any rights or remedies otherwise available.

4.2 Notices.
All notices, demands, requests, consents, approvals, and other communications required or permitted hereunder shall be in writing
and, unless otherwise specified herein, shall be (i) personally served, (ii) deposited in the mail, registered or certified, return
receipt requested, postage prepaid, (iii) delivered by reputable air courier service with charges prepaid, or (iv) transmitted
by hand delivery, telegram, or facsimile, addressed as set forth below or to such other address as such party shall have specified
most recently by written notice. Any notice or other communication required or permitted to be given hereunder shall be deemed
effective (a) upon hand delivery or delivery by facsimile, with accurate confirmation generated by the transmitting facsimile machine,
at the address or number designated below (if delivered on a business day during normal business hours where such notice is to
be received), or the first business day following such delivery (if delivered other than on a business day during normal business
hours where such notice is to be received) or (b) on the second business day following the date of mailing by express courier service,
fully prepaid, addressed to such address, or upon actual receipt of such mailing, whichever shall first occur. The addresses for
such communications shall be:

If to the Borrower, to:

CELLYNX GROUP, INC.

25910 Acero - Suite 370

Mission Viejo, California 92691

Attn: NORMAN COLLINS, Chief Executive
Officer facsimile: (949) 305-5291

With a copy by fax only to (which
copy shall not constitute notice):

Durham Jones &
Pinegar, P.C.

Attn: C. Parkinson Lloyd, Esq.

111 East Broadway, Suite 900

Salt Lake City, Utah 84111 facsimile:
801-415-3500

     

     

    

 

If to the Holder:

5BARz INTERNATIONAL
INC.

5535 Peregrine Way

Blaine, Washington

98230

 

facsimile: (408) 549-9903

 

With a copy by fax only to (which
copy shall not constitute notice):

 

Attn:
, Esq. ___________

facsimile: ___________

4.3 Amendments.
This Note and any provision hereof may only be amended by an instrument in writing signed by the Borrower and the Holder. The term
“Note” and all reference thereto, as used throughout this instrument, shall mean this instrument (and the other Notes
issued pursuant to the Revolving Line of Credit Agreement) as originally executed, or if later amended or supplemented, then as
so amended or supplemented.

4.4 Assignability.
This Note shall be binding upon the Borrower and its successors and assigns, and shall inure to be the benefit of the Holder and
its successors and assigns. Each transferee of this Note must be an “accredited investor” (as defined in Rule 501(a)
of the Securities Act of 1933). Notwithstanding anything in this Note to the contrary, this Note may be pledged as collateral in
connection with a bona fide margin account or other lending arrangement.

4.5 Cost
of Collection. If default is made in the payment of this Note, the Borrower shall pay the Holder hereof costs of collection,
including reasonable attorneys’ fees.

4.6 Governing
Law. This Note shall be governed by and construed in accordance with the laws of the State of Nevada without regard to principles
of conflicts of laws. Any action brought by either party against the other concerning the transactions contemplated by this Note
shall be brought only in the state courts of Nevada or in the federal courts located in the state and county of Clark. The parties
to this Note hereby irrevocably waive any objection to jurisdiction and venue of any action instituted hereunder and shall not
assert any defense based on lack of jurisdiction or venue or based upon forum non conveniens. The Borrower and Holder waive trial
by jury. The prevailing party shall be entitled to recover from the other party its reasonable attorney's fees and costs. In the
event that any provision of this Note or any other agreement delivered in connection herewith is invalid or unenforceable under
any applicable statute or rule of law, then such provision shall be deemed inoperative to the extent that it may conflict therewith
and shall be deemed modified to conform with such statute or rule of law. Any such provision which may prove invalid or unenforceable
under any law shall not affect the validity or enforceability of any other provision of any agreement. Each party hereby irrevocably
waives personal service of process and consents to process being served in any suit, action or proceeding in connection with this
Agreement or any other Transaction Document by mailing a copy thereof via registered or certified mail or overnight delivery (with
evidence of delivery) to such party at the address in effect for notices to it under this Agreement and agrees that such service
shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall be deemed to limit in
any way any right to serve process in any other manner permitted by law.

4.7 Certain
Amounts. Whenever pursuant to this Note the Borrower is required to pay an amount in excess of the outstanding principal amount
(or the portion thereof required to be paid at that time) plus accrued and unpaid interest plus Default Interest on such interest,
the Borrower and the Holder agree that the actual damages to the Holder from the receipt of cash payment on this Note may be difficult
to determine and the amount to be so paid by the Borrower represents stipulated damages and not a penalty and is intended to compensate
the Holder in part for loss of the opportunity to convert this Note and to earn a return from the sale of shares of Common Stock
acquired upon conversion of this Note at a price in excess of the price paid for such shares pursuant to this Note. The Borrower
and the Holder hereby agree that such amount of stipulated damages is not plainly disproportionate to the possible loss to the
Holder from the receipt of a cash payment without the opportunity to convert this Note into shares of Common Stock.

4.8 Revolving
Line of Credit Agreement. By its acceptance of this Note, each party agrees to be bound by the applicable terms of the Revolving
Line of Credit Agreement.

4.9 Notice
of Corporate Events. Except as otherwise provided below, the Holder of this Note shall have no rights as a Holder of Common
Stock unless and only to the extent that it converts this Note into Common Stock. The Borrower shall provide the Holder with prior
notification of any meeting of the Borrower’s shareholders (and copies of proxy materials and other information sent to shareholders).
In the event of any taking by the Borrower of a record of its shareholders for the purpose of determining shareholders who are
entitled to receive payment of any dividend or other distribution, any right to subscribe for, purchase or otherwise acquire (including
by way of merger, consolidation, reclassification or recapitalization) any share of any class or any other securities or property,
or to receive any other right, or for the purpose of determining shareholders who are entitled to vote in connection with any proposed
sale, lease or conveyance of all or substantially all of the assets of the Borrower or any proposed liquidation, dissolution or
winding up of the Borrower, the Borrower shall mail a notice to the Holder, at least twenty (20) days prior to the record date
specified therein (or thirty (30) days prior to the consummation of the transaction or event, whichever is earlier), of the date
on which any such record is to be taken for the purpose of such dividend, distribution, right or other event, and a brief statement
regarding the amount and character of such dividend, distribution, right or other event to the extent known at such time. The Borrower
shall make a public announcement of any event requiring notification to the Holder hereunder substantially simultaneously with
the notification to the Holder in accordance with the terms of this Section 4.9.

4.10 Remedies.
The Borrower acknowledges that a breach by it of its obligations hereunder will cause irreparable harm to the Holder, by vitiating
the intent and purpose of the transaction contemplated hereby. Accordingly, the Borrower acknowledges that the remedy at law for
a breach of its obligations under this Note will be inadequate and agrees, in the event of a breach or threatened breach by the
Borrower of the provisions of this Note, that the Holder shall be entitled, in addition to all other available remedies at law
or in equity, and in addition to the penalties assessable herein, to an injunction or injunctions restraining, preventing or curing
any breach of this Note and to enforce specifically the terms and provisions thereof, without the necessity of showing economic
loss and without any bond or other security being required.

[SIGNATURE PAGE FOLLOWS.]

     

     

    

 

IN WITNESS
WHEREOF, Borrower has caused this Note to be signed in its name by its duly authorized officer as of September 30, 2013.

 

CELLYNX GROUP, INC.

 

By:  PATRICK GRANT

Chief Executive Officer

     

     

    

 

EXHIBIT A

NOTICE OF CONVERSION

The undersigned hereby elects
to convert $ principal amount of the Note (defined below) into that number of shares of Common Stock to be issued pursuant
to the conversion of the Note (“Common Stock”) as set forth below, of CELLYNX GROUP, INC., Nevada corporation (the
“Borrower”) according to the conditions of the convertible note of the Borrower dated as of March 23, 2012 (the “Note”),
as of the date written below. No fee will be charged to the Holder for any conversion, except for transfer taxes, if any.

Box Checked as to applicable instructions:

[ ]
The Borrower shall electronically transmit the Common Stock issuable pursuant to this Notice of Conversion to the account of the
undersigned or its nominee with DTC through its Deposit Withdrawal Agent Commission system (“DWAC Transfer”).

Name of DTC
Prime Broker: Account Number:

[ ]
The undersigned hereby requests that the Borrower issue a certificate or certificates for the number of shares of Common Stock
set forth below (which numbers are based on the Holder’s calculation attached hereto) in the name(s) specified immediately
below or, if additional space is necessary, on an attachment hereto:

     

     

    

5BARz INTERNATIONAL INC.

5535 Peregrine Way

Blaine, Washington

98230

facsimile: (408) 549-9903

 

Date of Conversion:___________

Applicable Conversion Price:$
_____

Number of Shares of Common Stock to
be Issued

Pursuant to Conversion of the Notes:___________

 

Amount of Principal Balance Due remaining

Under the Note after this conversion:___________

Name: 5BARz INTERNATIONAL INC.

Date: __________________

1218 Third Ave., Suite 505

Seattle, Washington

98101

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