Document:

Exhibit 10.1

 

Execution
Version

 

FIFTH AMENDMENT

 

FIFTH
AMENDMENT, dated as of September 30, 2020 (this “Amendment”), to the Credit Agreement (as defined
below), is entered into among THE SERVICEMASTER COMPANY, LLC, a Delaware limited
liability company (the “Borrower”), each of the other Loan Parties, the Lenders party hereto and the Administrative
Agent (as defined below).

 

W I T N E S S E T H:

 

WHEREAS, the Borrower has entered into that
certain Credit Agreement, dated as of July 1, 2014 (as amended by the First Amendment, dated as of April 1, 2015, by
the Second Amendment, dated as of August 17, 2015, by the Third Amendment, dated as of November 8, 2016, by the Fourth
Amendment, dated as of November 5, 2019, and as further amended, amended and restated, supplemented or otherwise modified
from time to time, the “Credit Agreement,” and, as amended and restated pursuant to this Amendment, the “Amended
Credit Agreement”), among the Borrower, the Foreign Subsidiary Borrowers party thereto from time to time, JPMorgan Chase
Bank N.A., as administrative agent (in such capacity, the “Administrative Agent”), collateral agent (in such
capacity, the “Collateral Agent”) and Issuing Bank, the several banks and other financial institutions from
time to time party thereto (the “Lenders”);

 

WHEREAS, ServiceMaster Global Holdings, Inc.
(“Holding Parent”) entered into a purchase agreement (the “Purchase Agreement”) with RW Purchaser
LLC (“Purchaser”), dated as of September 1, 2020, pursuant to which Holding Parent agreed to sell to Purchaser
all its ServiceMaster Brands businesses to Purchaser for a total purchase price of $1.553 billion in cash (the “ServiceMaster
Brands Disposition”), subject to certain adjustments for indebtedness, cash and working capital of the ServiceMaster
Brands businesses at the closing of the transaction;

 

WHEREAS,
the Borrower has requested that the Lenders and the Administrative Agent waive the requirements of subsection 7.4(b) of
the Credit Agreement to reinvest the Net Available Cash from such Asset Disposition in the business of the Borrower and its Restricted
Subsidiaries within the time periods required therein or to the prepayment of the Term Loans and (to the extent the Borrower or
any Restricted Subsidiary is required by the terms thereof) other Additional Indebtedness that is Pari Passu Indebtedness on a
pro rata basis with the Term Loans and make certain related amendments to certain terms and provisions of the Credit Agreement
as set forth herein; and

 

WHEREAS,
the Lenders and the Administrative Agent are willing to amend the Credit Agreement on the terms and subject to the conditions
set forth herein;

 

NOW, THEREFORE, in consideration of the
premises contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
the parties hereto, intending to be legally bound hereby, agree as follows:

 

Section 1.1      Defined
Terms. Capitalized terms used and not otherwise defined herein shall have the meanings assigned to such terms in the Credit
Agreement.

 

     

     

    

 

Section 1.2      Amendments
to the Credit Agreement.

 

(a)            Subsection 1.1
of the Credit Agreement is hereby amended as follows:

 

(i)    by
adding the following new definitions, to appear in proper alphabetical order:

 

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

 

“Fifth Amendment”:
the Fifth Amendment, dated as of September 30, 2020, among the Loan Parties, the Administrative Agent and the Lenders party
thereto.

 

“Fifth Amendment Effective
Date Prepayment”: the prepayment of Term Loans pursuant to the Fifth Amendment.

 

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

 

“ServiceMaster Brands Disposition”:
as defined in the recitals of the Fifth Amendment.

 

“UK
Financial Institutions”: any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form
time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person falling within IFPRU 11.6 of the
FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain
credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.

 

“UK
Resolution Authority”: the Bank of England or any other public administrative authority having responsibility
for the resolution of any UK Financial Institution.

 

(ii)   by
replacing the definitions of each of the following words with the following corresponding new definitions, respectively, to appear
in proper alphabetical order: “Bail-In Action”,
“Bail-In Legislation”,
“EEA Financial Institution”

 

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

 

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

 

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

 

(iii)  by
amending the definition of “Write-Down and Conversion Powers”
by adding “(a)”
at the beginning of the definition, immediately preceding the words “with
respect to” and adding a new clause (b) immediately
following at the end thereof as follows: “, and (b) with
respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce,
modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability
arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to
provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation
in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those
powers”.

 

(b)         Clause
(w) of the second sentence of subsection 3.8(a) is amended by adding “, and the Fifth Amendment Effective Date
Prepayment, to the extent declined by any Lender as provided in the Fifth Amendment” immediately at the end thereof.

 

(c)         Subsection
7.4(c) is amended to replace the word “and” immediately preceding clause (y) thereof with “,”
and to add a new clause (z) immediately prior to the end of such subsection as follows: ”and (z) to the extent
such Net Available Cash is received from the ServiceMaster Brands Disposition”.

 

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(d)         Section 10.22
is amended and replaced in its entirety with the following:

 

10.22
Acknowledgement and Consent to Bail-In of Affected Financial Institutions. Notwithstanding anything to the contrary
in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges
that any liability of any Affected Financial Institution arising under any Loan Document may be subject to the Write-Down and Conversion
Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

 

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

 

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

 

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

 

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

 

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

 

Section 1.3      Consent
Fee. In consideration of the Lenders’ agreement to amend the Credit Agreement as set forth herein, the Borrower shall
pay a non-refundable consent fee (the “Consent Fee”), which Consent Fee shall be fully earned, non-refundable
and payable on the Effective Date to each Lender that executes and delivers a Consent Form indicating its consent to each
of the amendments described in Section 1.2 hereof on or prior to 12:00 noon on September 18, 2020 (the “Consent
Deadline”), equal to the sum of (x) 0.20% of the aggregate amount of Term Loans outstanding held by such Lender
immediately after giving effect to the Fifth Amendment Effective Date Prepayment on the Effective Date and (y) 0.10% of the
Revolving Commitments held by such Lender on the Effective Date.

 

Section 1.4      Representations
and Warranties, No Default. In order to induce the Lenders party hereto to enter into this Amendment, each Loan Party represents
and warrants to each of the Lenders that as of the Effective Date:

 

(a)     the
execution, delivery and performance by such Loan Party of this Amendment are within such Loan Party’s corporate or other
organizational powers, have been duly authorized by all necessary corporate or other organizational action, and will not (i) violate
any Requirement of Law or Contractual Obligation of such Loan Party in any respect that would reasonably be expected to have a
Material Adverse Effect or (ii) result in, or require, the creation or imposition of any Lien (other than Permitted Liens)
on any of such Loan Party’s properties or revenues pursuant to any such Requirement of Law or Contractual Obligation;

 

(b)     this
Amendment constitutes a legal, valid and binding obligation of such Loan Party, enforceable against such Loan Party in accordance
with its terms, except as enforceability may be limited by applicable domestic or foreign bankruptcy, insolvency, reorganization,
moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether
enforcement is sought by proceedings in equity or at law); and

 

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(c)     after
giving effect to the amendments set forth in this Amendment, (i) no Default or Event of Default exists and is continuing or
has resulted therefrom and (ii) all representations and warranties contained in Section 4 of the Amended Credit Agreement
and in the other Loan Documents are true and correct in all material respects on and as of the Effective Date, except to the extent
that such representations and warranties specifically refer to an earlier date, in which case they were true and correct in all
material respects as of such earlier date.

 

Section 1.5      Conditions
to Effectiveness. (1) The amendments set forth in Section 1.2 shall become effective on the date (such date, if any,
the “Effective Date”) that the following conditions have been satisfied:

 

(a)     the
Administrative Agent shall have received from the Loan Parties and the Lenders constituting the Required Lenders either (i) a
counterpart of this Amendment signed on behalf of such party (or a consent to this Amendment in the form of Exhibit A hereto
(a “Consent Form”)) or (ii) written evidence satisfactory to the Administrative Agent (which may include
telecopy or electronic transmission (e.g. “pdf”) of a signed signature page of this Amendment) that such party
has signed a counterpart of this Amendment or a Consent Form;

 

(b)     the
Administrative Agent, the Arranger (as defined in the Engagement Letter referred to below) and the Lenders shall have received
all fees and expenses required to be paid or delivered by the Borrower to them on or prior to the Effective Date, including the
(i) Consent Fee and (ii) Arrangement Fee (as defined in and payable pursuant to the Engagement Letter, dated as of September 18,
2020, among the Borrower and the Arranger (as defined therein));

 

(c)     the
Administrative Agent shall have received an amount from the Borrower in cash, which amount shall be applied on the Effective Date
to prepay 10.05% of the Term Loans held by each Lender that has not submitted a Consent Form prior to the Consent Deadline
indicating its election to decline such prepayment (the “Fifth Amendment Effective Date Prepayment”), which
such Fifth Amendment Effective Date Prepayment shall be deemed a voluntary prepayment pursuant to Section 3.4(a) of the
Amended Credit Agreement and applied to the quarterly installments of principal required by Section 2.2(b) of the Amended
Credit Agreement in the direct order of maturity beginning with the payment due on September 30, 2020; and

 

(d)     the
Administrative Agent shall have received a certificate of a Responsible Officer of the Borrower dated as of the Effective Date,
certifying that after giving effect to the amendments set forth in this Amendment, (i) no Default or Event of Default exists
and is continuing or has resulted therefrom and (ii) all representations and warranties contained in Section 4 of the
Amended Agreement and in the other Loan Documents are true and correct in all material respects on and as of the Effective Date,
except to the extent that such representations and warranties specifically refer to an earlier date, in which case they were true
and correct in all material respects as of such earlier date.

 

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(2)         Expenses.
The Borrower shall pay all reasonable out-of-pocket expenses of the Administrative Agent incurred in connection with the preparation,
execution and delivery of this Amendment and the other instruments and documents to be delivered hereunder, if any (including the
reasonable fees, disbursements and other charges of Cahill Gordon & Reindel llp,
counsel for the Administrative Agent).

 

(3)         Term
Loans Outstanding. After giving effect to this Amendment, as of the Effective Date, the aggregate principal amount of outstanding
Term Loans is $546,094,210.94.

 

Section 1.6      Counterparts.
This Amendment may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of
which when so executed and delivered shall be deemed to be an original, but all of which when taken together shall constitute a
single instrument. The words “execution,” “signed,” “signature,” “delivery,” and
words of like import in or relating to this Amendment and/or any document to be signed in connection with this agreement and the
transactions contemplated hereby shall be deemed to include Electronic Signatures (as defined below), deliveries or the keeping
of records in electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed
signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be. “Electronic
Signatures” means any electronic symbol or process attached to, or associated with, any contract or other record
and adopted by a person with the intent to sign, authenticate or accept such contract or record.

 

Section 1.7      Applicable
Law. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED
AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ITS PRINCIPLES OR RULES OF CONFLICT
OF LAWS TO THE EXTENT SUCH PRINCIPLES OR RULES ARE NOT MANDATORILY APPLICABLE BY STATUTE AND WOULD REQUIRE OR PERMIT THE APPLICATION
OF THE LAWS OF ANOTHER JURISDICTION.

 

Section 1.8      Headings.
The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.

 

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Section 1.9      Effect
of Amendment. Except as expressly set forth herein, (i) this Amendment shall not by implication or otherwise limit, impair,
constitute a waiver of or otherwise affect the rights and remedies of the Lenders, the Administrative Agent, the Collateral Agent
or the Loan Parties under the Credit Agreement or any other Loan Document, and (ii) shall not alter, modify, amend or in any
way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other provision
of the Credit Agreement or any other Loan Document. Each and every term, condition, obligation, covenant and agreement contained
in the Credit Agreement or any other Loan Document is hereby ratified and re-affirmed in all respects and shall continue in full
force and effect and nothing herein can or may be construed as a novation thereof. Each Loan Party reaffirms its obligations under
the Loan Documents to which it is party and its prior grant and the validity, enforceability and perfection of the Liens granted
by it pursuant to the Security Documents with all such Liens continuing in full force and effect after giving effect to this Amendment.
The parties hereto acknowledge and agree that the amendment and restatement of the Credit Agreement pursuant to this Amendment
and all other Loan Documents amended and/or executed and delivered in connection herewith shall not constitute a novation of the
Credit Agreement and the other Loan Documents as in effect prior to the Effective Date This Amendment shall constitute a Loan Document
for purposes of the Credit Agreement and from and after the Effective Date, all references to the Credit Agreement in any Loan
Document and all references in the Credit Agreement to “this Agreement”, “hereunder”, “hereof”
or words of like import referring to the Credit Agreement shall, unless expressly provided otherwise, refer to the Credit Agreement
as amended by this Amendment. Each of the Loan Parties hereby consents to this Amendment and confirms that all obligations of such
Loan Party under the Loan Documents to which such Loan Party is a party shall continue to apply to the Credit Agreement as amended
hereby.

 

[Remainder of Page Intentionally
Left Blank]

 

    -7-

     

    

 

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

 

	 	THE SERVICEMASTER COMPANY, LLC
	 	 
	 	By:	/s/ Anthony D. DiLucente
	 	Name:	Anthony D. DiLucente
	 	Title:	Chief Financial Officer and Senior Vice President

 

[Signature
Page – Fifth Amendment to the Credit Agreement]

 

     

     

    

 

	 	CDRSVM HOLDING, LLC
	 	 
	 	By:	 /s/ Jesse J. Jenkins
	 	 	Name:	Jesse J. Jenkins
	 	 	Title:	Vice President and Treasurer
	 	 
	 	MERRY MAIDS LIMITED PARTNERSHIP
	 	 
	 	By:	/s/ Jesse J. Jenkins
	 	 	Name:	 Jesse J. Jenkins
	 	 	Title:	Authorized Signatory
	 	 
	 	MM MAIDS L.L.C.
	 	 
	 	By:	 /s/ Timothy C. Leslie
	 	 	Name:	Timothy C. Leslie
	 	 	Title:	Vice President and Secretary
	 	 
	 	SERVICEMASTER CONSUMER SERVICES LIMITED PARTNERSHIP
	 	 
	 	By:	/s/ Jesse J. Jenkins
	 	 	Name:	Jesse J. Jenkins
	 	 	Title:	 Authorized Signatory
	 	 
	 	SMCS HOLDCO II, INC.
	 	 
	 	By:	/s/ Jesse J. Jenkins
	 	 	Name:	 Jesse J. Jenkins
	 	 	Title:	Vice President and Treasurer

 

[Signature
Page – Fifth Amendment to the Credit Agreement]

 

     

     

    

 

	 	SERVICEMASTER MANAGEMENT        CORPORATION
	 	 
	 	By:	/s/ Jesse J. Jenkins
	 	 	Name:	 Jesse J. Jenkins
	 	 	Title:	 Vice President and Treasurer
	 	 
	 	SERVICEMASTER RESIDENTIAL/COMMERCIAL SERVICES LIMITED PARTNERSHIP
	 	 
	 	By:	 /s/ Jesse J. Jenkins
	 	 	Name:	 Jesse J. Jenkins
	 	 	Title:	Authorized Signatory
	 	 
	 	SM CLEAN L.L.C.
	 	 
	 	By:	 /s/ Timothy C. Leslie
	 	 	Name:	 Timothy C. Leslie
	 	 	Title:	Vice President and Secretary
	 	 
	 	TERMINIX INTERNATIONAL, INC.
	 	 
	 	By:	 /s/ Jesse J. Jenkins
	 	 	Name:	Jesse J. Jenkins
	 	 	Title:	Treasurer
	 	 
	 	THE TERMINIX INTERNATIONAL COMPANY LIMITED PARTNERSHIP
	 	 
	 	By:	 /s/ Jesse J. Jenkins
	 	 	Name:	Jesse J. Jenkins
	 	 	Title:	Authorized Signatory

 

[Signature
Page – Fifth Amendment to the Credit Agreement]

 

     

     

    

 

	 	JPMORGAN CHASE BANK, N.A., as Administrative Agent and
    Collateral Agent
	 	 
	 	By:	 /s/ Brendan Korb
	 	 	Name:	 Brendan Korb
	 	 	Title:	Vice President

 

[Signature
Page – Fifth Amendment to the Credit Agreement]

 

     

     

    

 

 

	 	JPMORGAN CHASE BANK, N.A., as Lender and a Revolving Lender
	 	 
	 	By:	 /s/ Brendan Korb
	 	 	Name:	Brendan Korb
	 	 	Title:	Vice President

 

[Signature Page – Fifth Amendment to the Credit Agreement]

 

     

     

    

 

	 	CAPITAL ONE, NATIONAL ASSOCIATION, as a Revolving Lender
	 	 
	 	By:	/s/ Paul Isaac
	 	 	Name:	Paul Isaac
	 	 	Title:	Duly Authorized Signatory

 

[Signature
Page – Fifth Amendment to the Credit Agreement]

 

     

     

    

 

	 	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a Revolving Lender
	 	 
	 	By:	 /s/ Lingzi Huang
	 	 	Name:	Lingzi Huang
	 	 	Title:	Authorized Signatory
	 	 
	 	By:	/s/ Nicolas Thierry
	 	 	Name:	Nicolas Thierry
	 	 	Title:	Authorized Signatory

 

[Signature
Page – Fifth Amendment to the Credit Agreement]

 

     

     

    

 

	 	FIRST HORIZON BANK, as a Revolving Lender
	 	 
	 	By:	 /s/ Joseph M. Evangelisti
	 	 	Name:	 Joseph M. Evangelisti
	 	 	Title:	 Executive Vice President

 

[Signature
Page – Fifth Amendment to the Credit Agreement]

 

     

     

    

 

	 	GOLDMAN SACHS BANK USA, as a Revolving Lender
	 	 
	 	By:	 /s/ Mahesh Mohan
	 	 	Name:	 Mahesh Mohan
	 	 	Title:	Authorized Signatory

 

[Signature
Page – Fifth Amendment to the Credit Agreement]

 

     

     

    

 

	 	REGIONS BANK, as a Revolving Lender
	 	 
	 	By:	 /s/ Michael J. Veinbergs
	 	 	Name:	 Michael J. Veinbergs
	 	 	Title:	Director

 

[Signature
Page – Fifth Amendment to the Credit Agreement]

 

     

     

    

 

	 	BARCLAYS BANK PLC, as a Revolving Lender
	 	
	 	By:	/s/ Martin Corrigan
	 	 	Name:	 Martin Corrigan
	 	 	Title:	 Vice President

 

[Signature
Page – Fifth Amendment to the Credit Agreement]

 

     

     

    

 

	 	HSBC BANK USA, NATIONAL ASSOCIATION as a Revolving Lender
	 	 
	 	By:	/s/ Chris Burns
	 	 	Name:	 Chris Burns
	 	 	Title:	Senior Vice President

 

[Signature
Page – Fifth Amendment to the Credit Agreement]

 

     

     

    

 

	 	BANK OF AMERICA, N.A., as a Revolving Lender
	 	 
	 	By:	/s/ Bruce Clark
	 	 	Name:	 Bruce Clark
	 	 	Title:	Senior Vice President

 

[Signature
Page – Fifth Amendment to the Credit Agreement]

 

     

     

    

 

	 	FIFTH THIRD BANK, NATIONAL ASSOCIATION, as a Revolving Lender
	 	 
	 	By:	 /s/ J. David Izard
	 	 	Name:	 J. David Izard
	 	 	Title:	 Senior Vice President

 

[Signature
Page – Fifth Amendment to the Credit Agreement]

 

     

     

    

 

EXHIBIT A

 

CONSENT FORM

 

	
        CONSENT (this “Consent”)
        to the Fifth Amendment (the “Amendment”) to the Credit Agreement, dated as of July 1, 2014 (as amended
        prior to the date hereof, the “Credit Agreement”), among The ServiceMaster Company (the “Borrower”),
        the Foreign Subsidiary Borrowers party thereto from time to time, JPMorgan Chase Bank N.A., as administrative agent, collateral
        agent and Issuing Bank, the several banks and other financial institutions from time to time party thereto (the “Lenders”).
        Capitalized terms used in this Consent but not defined in this Consent have the meanings assigned to such terms in the Amendment.

         

        

        Instruction – If you are a Lender and you wish to (i) consent to the Amendment and/or (ii) accept or decline your
        Pro Rata Share of the Fifth Amendment Effective Date Prepayment, please indicate your election below (choose one
        option)

         

        A.
         ̈ CONSENT TO THE AMENDMENT AND RECEIVE YOUR PRO RATA
        SHARE: The undersigned Lender is electing to consent to the Amendment and receive all of its pro rata share of the Fifth Amendment
        Effective Date Prepayment.

         

        OR

         

        B.
         ̈ CONSENT TO THE AMENDMENT AND DECLINE YOUR PRO RATA
        SHARE: The undersigned Lender is electing to consent to the Amendment and decline all of its pro rata share of the Fifth Amendment
        Effective Date Prepayment.

         

        OR

         

        C.
         ̈ DO NOT CONSENT TO THE AMENDMENT AND DECLINE YOUR PRO
        RATA SHARE OF THE FIFTH AMENDMENT EFFECTIVE DATE PREPAYMENT: The undersigned Lender is electing (i) to not consent to
        the Amendment (other than the amendment set forth in Section 1.2(b) of the Amendment with respect to the non-pro rata
        application of the Fifth Amendment Effective Date Prepayment) and (ii) to decline its pro rata share of the Fifth Amendment
        Effective Date Prepayment. The undersigned Lender agrees that it will not receive any Consent Fee and waives its pro rata share
        of the Fifth Amendment Effective Date Prepayment.

         

	
        NAME
        OF LENDER: ______________________________________

         

        By: ____________________________________

        Name:

        Title:

         

        For Lenders requiring a second signature line:

         

        By: ____________________________________

        Name:

        Title:

         

        Date:
           September __, 2020Exhibit 10.2

 

Execution
Version

 

September 30, 2020

 

 

JPMorgan Chase Bank, N.A.

as Administrative Agent and Collateral Agent under the 

Credit Agreement and Guarantee and Collateral Agreement 

referred to below

383 Madison Avenue

New York, New York 10179

 

JPM Loan & Agency Services

500 Stanton Christiana Road

Ops Building 2, 3rd floor

Newark, Delaware 19713-2107

Attention: Pranay Tyagi

 

Ladies and Gentlemen:

 

Reference is made to (a) the
Credit Agreement, dated as of July 1, 2014 (as amended to date, the “Credit Agreement”), among The
ServiceMaster Company, LLC, a Delaware limited liability company (“ServiceMaster”), the several banks
and other financial institutions from time to time party thereto, JPMORGAN CHASE BANK, N.A., as administrative agent, collateral
agent and issuing bank for the Lenders thereunder, and (b) the Guarantee and Collateral Agreement, dated as of July 1,
2014 (as amended to date, the “Guarantee and Collateral Agreement”), made by ServiceMaster, CDRSVM HOLDING,
LLC, a Delaware limited liability company (“Holding”), and certain Subsidiaries of ServiceMaster in favor of
JPMorgan Chase Bank, N.A. as Administrative Agent and Collateral Agent for the Secured Parties (in such capacities, the “Agent”).
Capitalized terms used but not defined herein shall be defined as in the Credit Agreement or the Guarantee and Collateral Agreement,
as applicable.

 

1. Transaction. ServiceMaster hereby
notifies the Agent that on September 1, 2020, ServiceMaster Global Holdings, Inc. (the “Seller”),
entered into an agreement (the “Purchase Agreement”) with RW Purchaser LLC (the “Buyer”),
pursuant to which the Seller agreed to sell to the Buyer, among other things, 100% of the Capital Stock of each of MM Maids L.L.C.,
a Delaware limited liability company, Merry Maids Limited Partnership, a Delaware limited partnership, SM Clean L.L.C., a Delaware
limited liability company, and ServiceMaster Residential/Commercial Services Limited Partnership, a Delaware limited partnership
(each a “Conveyed Entity”, and together the “Conveyed Entities”), where each Conveyed Entity,
immediately before giving effect to such sale, was a Loan Party (the “Released Assets”) for a gross cash purchase
price of approximately $1,553,000,000 for assets, as such purchase price may be adjusted pursuant to Section 2.4 of the Purchase
Agreement (the “Transaction”). The Transaction is expected to close on or about October 1, 2020.

 

     

     

    

 

2. Confirmation of Release. In connection
with the consummation of the Transaction and in accordance with the Loan Documents:

 

(a)            ServiceMaster
hereby certifies that (i) after giving effect to the Fifth Amendment, the Transaction is in compliance with Sections 7.3 and
7.4 of the Credit Agreement and the other Loan Documents and after giving effect to the Transaction, each of the Conveyed Entities
will cease to be Subsidiary, and (ii) the Agent’s release of each of the Conveyed Entity’s obligations under the
Guarantee and Collateral Agreement and the Loan Documents, release of its security interest in respect of the Capital Stock in
each Conveyed Entity and the assets of each Conveyed Entity from the Lien created by the Security Documents and authorization to
file the UCC Terminations (as defined below) and Copyright Releases (as defined below) are each permitted by Section 9.9 of
the Credit Agreement and Section 8.1 of the Guarantee and Collateral Agreement.

 

(b)            The
Agent hereby acknowledges, agrees and confirms that, effective upon the closing of the Transaction, (i) the Guarantee by each
Conveyed Entity under the Guarantee and Collateral Agreement will be automatically released, and each Conveyed Entity will be automatically
released from all its obligations under the Guarantee and Collateral Agreement and the other Loan Documents and (ii) solely
with respect to the assets of each Conveyed Entity and the Capital Stock in each Conveyed Entity (the “Conveyed Assets”),
the Liens and security interest of the Agent pursuant to the Loan Documents is automatically released. ServiceMaster hereby agrees
to pay expenses reasonably incurred by the Agent in connection herewith. Except as otherwise expressly set forth herein, this Confirmation
of Release does not release any Guarantee under the Loan Documents in respect of any Loan Party (other than the Conveyed Entities)
or any Lien in favor of the Agent pursuant to the Security Documents in respect of any Loan Party (other than the Conveyed Assets).
Such acknowledgement, agreement and confirmation is made in reliance on the certification of ServiceMaster set forth above and
the Agent has not made any independent investigation of the matters set forth in such notice.

 

(c)            The
Agent hereby agrees upon and after the consummation of the Transaction, to file the Uniform Commercial Code termination statements
in the forms attached hereto as Annex A (the “UCC Terminations”) and the Releases of Copyrights in the form
attached hereto as Annex B (the “Copyright Releases”). The Agent hereby further confirms that at the closing
of the Transaction, it will execute and deliver all releases or other documents necessary or desirable for the release of the Liens
or security interest pursuant to the Loan Documents on the Released Assets, as ServiceMaster may reasonably request.

 

     

     

    

 

3. Each of the Credit Agreement and Guarantee
and Collateral Agreement is confirmed as being in full force and effect. This Confirmation of Release may be executed in any number
of counterparts, which together shall constitute one instrument, and shall bind and inure to the benefit of the parties and their
respective permitted successors and assigns. This Confirmation of Release shall be governed by and construed in accordance with
the laws of the State of New York. The parties hereto may provide signatures to this Confirmation of Release by facsimile or Adobe
..pdf file and such facsimile or Adobe .pdf file signatures shall be deemed to be the same as original signatures.

 

*     *     *

 

     

     

    

 

	 	Very Truly Yours,
	 	 
	 	THE SERVICEMASTER COMPANY, LLC
	 	 
	 	By:	 /s/ Jesse J. Jenkins
	 	Name:	Jesse J. Jenkins
	 	Title:	Vice President and Treasurer

 

[Signature
Page – ServiceMaster Release]

 

     

     

    

 

	ACKNOWLEDGED, AGREED AND CONFIRMED:	 
	 	 
	JPMORGAN CHASE BANK, N.A.,

as Administrative Agent and Collateral Agent	 
	 	 
	By:	/s/ Brendan Korb	 
	Name:	Brendan Korb	 
	Title:	Vice President	 

 

 

     

     

    

 

ANNEX A

UCC-3 Termination Statements

 

     

     

    

 

ANNEX B

Releases of Copyrights

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