Document:

Exhibit 10.1

 

Execution Version

 

 

$385,000,000

 

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

dated as of December 22, 2021

 

by and among

 

DIGI INTERNATIONAL INC.,

 

as the Borrower,

 

THE GUARANTORS FROM TIME TO TIME PARTY HERETO,

 

THE LENDERS PARTY HERETO,

 

and

 

BMO HARRIS BANK N.A.,

as Administrative Agent and Collateral Agent

 

 

BMO CAPITAL MARKETS CORP.,

as Sole Lead Arranger and Sole Bookrunner

 

     

     

    

 

Table of Contents

 

	 	 	 	Page
	 	 	 	 
	SECTION 1 DEFINITIONS	1
	 	 	 	 
	 	1.1	Defined Terms	1
	 	1.2	Other Definitional Provisions	42
	 	1.3	Exchange Rates; Currency Equivalents	43
	 	1.4	Letter of Credit Amounts	43
	 	1.5	Limited Condition Acquisitions	43
	 	1.6	Divisions	44
	 	1.7	Change of Currency	45
	 	1.8	Amendment and Restatement of the Existing Credit Agreement.	45
	 	 	 	 
	SECTION 2 AMOUNT AND TERMS OF COMMITMENTS	46
	 	 	 	 
	 	2.1	Term Commitments	46
	 	2.2	Procedure for Term Loan Borrowing	46
	 	2.3	Repayment of Term Loans	46
	 	2.4	Revolving Commitments	47
	 	2.5	Procedure for Revolving Loan Borrowing	47
	 	2.6	Swingline Commitment	47
	 	2.7	Procedure for Swingline Borrowing; Refunding of Swingline Loans	48
	 	2.8	Fees	49
	 	2.9	Termination or Reduction of Total Revolving Commitments; Total L/C Commitments	49
	 	2.10	Loan Prepayments	50
	 	2.11	Conversion and Continuation Options	52
	 	2.12	Limitations on Eurodollar Tranches	53
	 	2.13	Interest Rates and Payment Dates	53
	 	2.14	Computation of Interest and Fees	53
	 	2.15	Inability to Determine Interest Rate	54
	 	2.16	Pro Rata Treatment and Payments	54
	 	2.17	Illegality; Requirements of Law	57
	 	2.18	Taxes	58
	 	2.19	Indemnity	61
	 	2.20	Change of Lending Office	62
	 	2.21	Substitution of Lenders	62
	 	2.22	Defaulting Lenders	63
	 	2.23	Notes	65
	 	2.24	Incremental Loans and Commitments	65
	 	2.25	Effect of Benchmark Transition Event	67
	 	 	 	 
	SECTION 3 LETTERS OF CREDIT	69
	 	 	 	 
	 	3.1	L/C Commitment	69
	 	3.2	Procedure for Issuance of Letters of Credit	70
	 	3.3	Fees and Other Charges	70
	 	3.4	L/C Participations	71
	 	3.5	Reimbursement	71
	 	3.6	Obligations Absolute	71
	 	3.7	Letter of Credit Payments	72
	 	3.8	Applications	72
	 	3.9	Interim Interest	72
	 	3.10	Cash Collateral	72
	 	3.11	Additional Issuing Lenders	73
	 	3.12	Resignation of the Issuing Lender	73
	 	3.13	Applicability of ISP	74
	 	3.14	Notices	74

 

    - i -

     

    

 

	SECTION 4 REPRESENTATIONS AND WARRANTIES	74
	 	 	 	 
	 	4.1	Financial Condition	74
	 	4.2	No Change	75
	 	4.3	Existence; Compliance with Law	75
	 	4.4	Power, Authorization; Enforceable Obligations	75
	 	4.5	No Legal Bar	75
	 	4.6	Litigation	75
	 	4.7	No Default	75
	 	4.8	Ownership of Property; Liens; Investments	76
	 	4.9	Intellectual Property	76
	 	4.10	Taxes	76
	 	4.11	Federal Regulations	76
	 	4.12	Labor Matters	76
	 	4.13	ERISA	76
	 	4.14	Investment Company Act; Other Regulations	77
	 	4.15	Subsidiaries	77
	 	4.16	Use of Proceeds	77
	 	4.17	Environmental Matters	77
	 	4.18	Accuracy of Information, Etc.	78
	 	4.19	Security Documents	78
	 	4.20	Solvency	78
	 	4.21	[Intentionally Omitted]	78
	 	4.22	Insurance	78
	 	4.23	No Casualty	79
	 	4.24	OFAC	79
	 	4.25	Anti-Corruption Laws	79
	 	4.26	EEA Financial Institution	79
	 	4.27	Beneficial Ownership Certification	79
	 	4.28	Brokers	79
	 	 	 	 
	SECTION 5 CONDITIONS PRECEDENT	79
	 	 	 	 
	 	5.1	Conditions to Effectiveness of this Agreement	79
	 	5.2	Conditions to Each Extension of Credit	82
	 	 	 	 
	SECTION 6 AFFIRMATIVE COVENANTS	82
	 	 	 	 
	 	6.1	Financial Statements	82
	 	6.2	Certificates; Reports; Other Information	83
	 	6.3	Payment of Obligations; Taxes	84
	 	6.4	Maintenance of Existence; Compliance	84
	 	6.5	Maintenance of Property; Insurance	85
	 	6.6	Inspection of Property; Books and Records; Discussions	85
	 	6.7	Notices	85
	 	6.8	Environmental Laws	86
	 	6.9	Operating Accounts	87
	 	6.10	Audits	87
	 	6.11	Additional Collateral, Etc.	87
	 	6.12	Anti-Corruption Laws	88
	 	6.13	Insider Subordinated Indebtedness	88
	 	6.14	Use of Proceeds	89
	 	6.15	[Intentionally Omitted]	89
	 	6.16	Beneficial Ownership Certification	89
	 	6.17	M.I.R.E Events	89
	 	6.18	Further Assurances	89

 

    - ii -

     

    

 

	SECTION 7 NEGATIVE COVENANTS	89
	 	 	 	 
	 	7.1	Financial Condition Covenants	89
	 	7.2	Indebtedness	89
	 	7.3	Liens	91
	 	7.4	Fundamental Changes	93
	 	7.5	Disposition of Property	94
	 	7.6	Restricted Payments	95
	 	7.7	Investments	97
	 	7.8	ERISA	98
	 	7.9	Optional Payments and Modifications of Certain Preferred Stock and Debt Instruments	98
	 	7.10	Transactions with Affiliates	99
	 	7.11	Sale Leaseback Transactions	99
	 	7.12	Swap Agreements	99
	 	7.13	Accounting Changes	99
	 	7.14	Negative Pledge Clauses	99
	 	7.15	Clauses Restricting Subsidiary Distributions	100
	 	7.16	Lines of Business	100
	 	7.17	[Reserved].	100
	 	7.18	Certification of Certain Equity Interests	100
	 	7.19	Amendments to Organizational Agreements and Material Contracts	100
	 	7.20	Use of Proceeds	100
	 	7.21	[Reserved.]	100
	 	7.22	Sanctions	100
	 	7.23	Anti-Corruption Laws	101
	 	7.24	Anti-Terrorism Laws	101
	 	 	 	 
	SECTION 8 EVENTS OF DEFAULT	101
	 	 	 	 
	 	8.1	Events of Default	101
	 	8.2	Remedies Upon Event of Default	103
	 	8.3	Application of Funds	104
	 	8.4	Borrower’s Right to Cure	105
	 	 	 	 
	SECTION 9 THE ADMINISTRATIVE AGENT	106
	 	 	 	 
	 	9.1	Appointment and Authority	106
	 	9.2	Delegation of Duties	107
	 	9.3	Exculpatory Provisions	107
	 	9.4	Reliance by Administrative Agent	108
	 	9.5	Notice of Default	108
	 	9.6	Non-Reliance on Administrative Agent and Other Lenders	108
	 	9.7	Indemnification	109
	 	9.8	Agent in Its Individual Capacity	109
	 	9.9	Successor Administrative Agent	109
	 	9.10	Collateral and Guaranty Matters	110
	 	9.11	Administrative Agent May File Proofs of Claim	110
	 	9.12	No Other Duties, Etc.	111
	 	9.13	Survival	111
	 	9.14	Acknowledgements of Lenders	111
	 	 	 	 
	SECTION 10 MISCELLANEOUS	113
	 	 
	 	10.1	Amendments and Waivers	113
	 	10.2	Notices	114
	 	10.3	No Waiver; Cumulative Remedies	116
	 	10.4	Survival of Representations and Warranties	116
	 	10.5	Expenses; Indemnity; Damage Waiver	116
	 	10.6	Successors and Assigns; Participations and Assignments	117

 

    - iii -

     

    

 

	 	10.7	Adjustments; Set-off	123
	 	10.8	Payments Set Aside	123
	 	10.9	Interest Rate Limitation	123
	 	10.10	Counterparts; Electronic Execution of Assignments	124
	 	10.11	Severability	124
	 	10.12	Integration	124
	 	10.13	GOVERNING LAW	124
	 	10.14	Submission to Jurisdiction; Waivers	124
	 	10.15	[Intentionally Omitted]	125
	 	10.16	Releases of Guarantees and Liens	125
	 	10.17	Treatment of Certain Information; Confidentiality	126
	 	10.18	Automatic Debits	127
	 	10.19	Judgment Currency	127
	 	10.20	Patriot Act	127
	 	10.21	Termination	127
	 	10.22	Contractual Recognition Provision	127
	 	10.23	Acknowledgement Regarding Any Supported QFCs	128
	 	10.24	No Advisory or Fiduciary Responsibility	128

 

    - iv -

     

    

 

	SCHEDULES
	 
	Schedule 1.1A:	Commitments
	Schedule 1.1B:	[Reserved]
	Schedule 4.6:	Litigation
	Schedule 4.8:	Owned Real Property
	Schedule 4.15:	Subsidiaries
	Schedule 4.17:	Environmental Matters
	Schedule 4.19:	Financing Statements and Other Filings
	Schedule 4.28:	Brokers
	Schedule 7.2(d):	Existing Indebtedness
	Schedule 7.3(f):	Existing Liens
	Schedule 7.7:	Existing Investments
	 	 
	EXHIBITS
	 	 
	Exhibit A:	Joinder Agreement
	Exhibit B:	Form of Compliance Certificate
	Exhibit C:	Form of Closing Date Solvency Certificate
	Exhibit D:	[Reserved]
	Exhibit E:	Form of Assignment and Assumption
	Exhibits F-1 – F-4:	Forms of U.S. Tax Compliance Certificates
	Exhibit G:	Form of Addendum
	Exhibit H-1:	Form of Revolving Loan Note
	Exhibit H-2:	Form of Swingline Loan Note
	Exhibit H-3:	Form of Term Loan Note
	Exhibit I:	Form of Notice of Borrowing
	Exhibit J: 	Form of Notice of Conversion/Continuation
	 	 

 

    - v -

     

    

 

THIRD AMENDED AND RESTATED CREDIT AGREEMENT

 

THIS THIRD AMENDED AND RESTATED
CREDIT AGREEMENT (this “Agreement”), dated as of December 22, 2021, is entered into by and among DIGI INTERNATIONAL
INC., a Delaware corporation (the “Borrower”), the Guarantors from time to time party hereto, the several banks
and other financial institutions or entities from time to time party hereto as lenders (each, a “Lender” and
collectively, the “Lenders”), BMO HARRIS BANK N.A., as administrative and collateral agent for the Lenders (in
such capacity, the “Administrative Agent”).

 

RECITALS

 

WHEREAS, the Loan Parties, the Lenders and
the Administrative Agent are party to that certain Second Amended and Restated Credit Agreement, dated as of November 1, 2021 (the “Existing
Credit Agreement”);

 

WHEREAS, the Borrower, the other Loan Parties,
the Lenders and the Administrative Agent have agreed to enter into this Agreement in order to (a) amend and restate the Existing Credit
Agreement in its entirety; (b) modify and re-evidence the “Obligations” under, and as defined in, the Existing Credit Agreement,
which shall be repayable in accordance with the terms of this Agreement and the other Loan Documents; and (c) set forth the terms and
conditions under which the Lenders will, from time to time, make loans and extend other financial accommodations to or for the benefit
of the Loan Parties;

 

WHEREAS, it is the intent of the parties
hereto that this Agreement not constitute a novation of the obligations and liabilities of the parties under the Existing Credit Agreement
or be deemed to evidence or constitute full repayment of such obligations and liabilities, but that this Agreement amend and restate in
its entirety the Existing Credit Agreement and re-evidence the obligations and liabilities of the Borrower and the other Loan Parties
outstanding thereunder, which shall be payable in accordance with the terms hereof;

 

WHEREAS, it is also the intent of the Borrower
and the “Guarantors” (as referred to and defined in the Existing Credit Agreement) to confirm that all obligations under the
“Loan Documents” (as referred to and defined in the Existing Credit Agreement) shall continue in full force and effect as
modified and/or restated by the Loan Documents and that, from and after the Closing Date, all references to the “Credit Agreement”
contained in any such existing “Loan Documents” shall be deemed to refer to this Agreement;

 

WHEREAS, on the closing
date of the Existing Credit Agreement, pursuant to that certain Purchase Agreement dated as of November 1, 2021 (together with all schedules
and exhibits thereto, the “Acquisition Agreement”), by and among Keith Charette, Steven Glaser, the Keith R.
Charette DE-Incomplete-Gift Non-Grantor Trust, the Borrower, and the Targets, the Borrower acquired all of the Equity Interests of the
Targets (the “Acquisition”);

 

WHEREAS, each of the
Guarantors (with the guaranty by any Target Parties (other than any Immaterial Subsidiary) to be effective upon consummation of the Acquisition)
has agreed to guarantee the Secured Obligations of the Loan Parties and to secure such guaranteed Secured Obligations by granting to the
Administrative Agent, for the ratable benefit of the Secured Parties, a first priority lien (subject to Liens permitted by the Loan Documents)
in substantially all of such Guarantor’s personal property assets (other than any Excluded Assets) pursuant to the terms of the
Guarantee and Collateral Agreement and the other Security Documents.

 

NOW, THEREFORE, the
parties hereto hereby agree as follows:

 

SECTION
1

DEFINITIONS

 

1.1               
Defined Terms. As used in this Agreement (including the recitals hereof), the terms listed in this Section 1.1 shall
have the respective meanings set forth in this Section 1.1.

 

“ABR”:
for any day, a rate per annum equal to the highest of (a) the Prime Rate in effect on such day, (b) the Federal Funds
Effective Rate in effect on such day plus 0.50%, and (c) the Eurodollar Rate for an Interest Period of 1 month plus
1%; provided that in no event shall the ABR be deemed to be less than 0%. Any change in the ABR due to a change in the Prime
Rate, the Federal Funds Effective Rate or the Eurodollar Rate, as the case may be, shall be effective as of the opening of business
on the effective day of the change in such rate.

 

    1

     

    

 

“ABR Loans”:
Loans, the rate of interest applicable to which is based upon the ABR.

 

“Account Debtor”:
any Person who may become obligated to any Person under, with respect to, or on account of, an Account, chattel paper or general intangible
(including a payment intangible). Unless otherwise stated, the term “Account Debtor,” when used herein, shall mean an Account
Debtor in respect of an Account of the Borrower or any Subsidiary.

 

“Accounting Changes”:
has the meaning specified in the definition of “GAAP”.

 

“Acquisition”:
as defined in the recitals hereto.

 

“Acquisition Agreement”:
as defined in the recitals hereto.

 

“Acquisition Documents”:
collectively, the Acquisition Agreement, together with all of the other documents, agreements, certificates and other information executed
and/or delivered by or on behalf of the Borrower to Targets pursuant or in connection with the Acquisition Agreement or the Acquisition.

 

“Addendum”:
an instrument, substantially in the form of Exhibit G, by which a Lender becomes a party to this Agreement.

 

“Administrative
Agent”: BMO, in its capacity as the administrative agent for the Lenders and the collateral agent for the Secured Parties
under this Agreement and the other Loan Documents, together with any of its successors in such capacity.

 

“Affected Lender”:
as defined in Section 2.21.

 

“Affiliate”:
with respect to a specified Person, another Person that directly, or indirectly through one or more intermediaries, Controls or is Controlled
by or is under common Control with the Person specified.

 

“Agent Parties”:
is defined in Section 10.2(d)(ii).

 

“Aggregate Exposure”:
with respect to any Lender at any time, an amount equal to the sum of (a) the aggregate of the then unpaid principal amount of
such Lender’s Term Loans, (b) the amount of such Lender’s Revolving Commitment then in effect (as decreased pursuant to Section 2.9)
or, if the Revolving Commitments have been terminated, the amount of such Lender’s Revolving Extensions of Credit then outstanding,
and (c) without duplication of clause (b), the L/C Commitment of such Lender then in effect (as a sublimit of the Revolving Commitment
of such Lender).

 

“Aggregate Exposure
Percentage”: with respect to any Lender at any time, the ratio (expressed as a percentage) of such Lender’s Aggregate
Exposure at such time to the Aggregate Exposure of all Lenders at such time.

 

“Agreement”:
as defined in the preamble hereto.

 

“Agreement Currency”:
as defined in Section 10.19.

 

“Alternative Currency”:
each of the following currencies: Australian Dollars, Canadian Dollars, Euro, Japanese Yen and Sterling.

 

“Alternative Currency
Equivalent”: at any time, with respect to any amount denominated in Dollars, the equivalent amount thereof in the applicable
Alternative Currency as determined by the Administrative Agent or the L/C Issuer, as the case may be, at such time on the basis of the
Exchange Rate (determined in respect of the most recent Revaluation Date) for the purchase of such Alternative Currency with Dollars.

 

    2

     

    

 

“Alternative Currency
Excess”: as defined in Section 2.10(b)(ii)

 

“Alternative Currency
Sublimit”: an amount equal $7,500,000. The Alternative Currency Sublimit is part of, and not in addition to, the Revolving
Credit Commitment.

 

“Annual Financial
Statements”: the audited consolidated financial statements of (a) the Borrower for the fiscal years ended September 30,
2018, 2019 and 2020 and (b) the Target Parties for the fiscal years ended December 31, 2018, 2019 and 2020.

 

“Applicable Margin”:
with respect to each Term Loan that is a Eurodollar Loan, the applicable rate per annum is the Eurodollar Rate plus 5.00% and with
respect to each Term Loan that is an ABR Loan, the applicable rate per annum is the ABR plus 4.00%. With respect to each Revolving
Loan, including each Swingline Loan, each Letter of Credit and the Commitment Fee Rate, the applicable rates per annum set forth under
the relevant column heading below:

 

	Level	 	 	Consolidated
    

Leverage 

Ratio	 	Eurodollar
    

Loans—

Eurodollar 

Rate Plus	 	 	ABR
    

Loans

—

ABR

 Plus	 	 	Swingline
    

Loans—

ABR Plus	 	 	Letters
    of 

Credit—

Letter of 

Credit Fee	 	 	Commitment
    

Fee Rate	 
	 	II	 	 	=/>2.75:1.00	 	 	4.00	%	 	 	3.00	%	 	 	3.00	%	 	 	4.00	%	 	 	0.50	%
	 	I	 	 	<2.75:1.00	 	 	3.75	%	 	 	2.75	%	 	 	2.75	%	 	 	3.75	%	 	 	0.375	%

 

If, as a result of any restatement
of or other adjustment to the financial statements of the Loan Parties or for any other reason, the Administrative Agent determines that
(x) the Consolidated Leverage Ratio as calculated by the Borrower as of any applicable date and with reference to any applicable period
then ended was inaccurate and (y) a proper calculation of the Consolidated Leverage Ratio as of such date and with reference to such period
would have resulted in different pricing for any period, then (i) if the proper calculation of the Consolidated Leverage Ratio would have
resulted in higher pricing for such period, the Borrower shall automatically and retroactively be obligated to pay to the Administrative
Agent, for the benefit of the applicable Lenders, promptly on demand by the Administrative Agent, an amount equal to the excess of the
amount of interest and fees that should have been paid for such period over the amount of interest and fees actually paid for such period
by reason of such higher pricing for such period; and (ii) if the proper calculation of the Consolidated Leverage Ratio would have resulted
in lower pricing for such period, neither the Administrative Agent nor any Lender shall have any obligation to repay any interest or fees
to the Borrower, nor shall the Borrower or any other Loan Party have any right of offset against any subsequent payment due and payable
by any Loan Party under any Loan Document by reason of such lower pricing for such period. Notwithstanding the foregoing or anything to
the contrary set forth in any Loan Document, the Borrower shall not be required to pay any amounts pursuant to this paragraph as a result
of any restatement of or other adjustment to the financial statements of the Loan Parties that occurs after the Discharge of Obligations.

 

“Applicable Time”:
with respect to any borrowings and payments in any Alternative Currency, the local time in the place of settlement for such Alternative
Currency as may be determined by the Administrative Agent to be necessary for timely settlement on the relevant date in accordance with
normal banking procedures in the place of payment.

 

“Application”:
an application, in such form as any Issuing Lender may specify from time to time, requesting such Issuing Lender to issue a Letter of
Credit.

 

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

 

“Assignment
and Assumption”: 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 10.6), and accepted by the Administrative Agent (to the extent required by Section
10.6), in substantially the form of Exhibit E, or any other form (including electronic documentation generated by an
electronic platform) approved by the Administrative Agent.

 

    3

     

    

 

“Assumption Agreement”:
any Assumption Agreement delivered pursuant to the Guarantee and Collateral Agreement.

 

“Australian Dollar”
and “AUD”: the lawful currency of Australia.

 

“Available Amount”:
an amount, which shall not be less than zero, equal to (without duplication) the sum of:

 

(a)       the
greater of $7,500,000 and 10% of Consolidated EBITDA (calculated on a Pro Forma Basis) for the latest four fiscal quarter period for which
financial statements have been delivered pursuant to Section 6.1; plus

 

(b)        the
sum of Excess Cash Flow for the fiscal year ending September 30, 2022 and Excess Cash Flow for each succeeding completed fiscal year as
of such date, in each case, that was not required to prepay Term Loans pursuant to Section 2.10(f) (which amount shall not be less
than zero in any period); plus

 

(c)       100%
of the aggregate Net Cash Proceeds received by the Borrower after the Closing Date from the issue or sale of Equity Interests of the Borrower
(other than Disqualified Equity Interests and Specified Equity Contributions) to any Person other than a Subsidiary of the Borrower; plus

 

(d)       100%
of the aggregate amount of cash contributed to the capital of the Borrower after the Closing Date (other than net cash proceeds to the
extent such net cash proceeds constitute Specified Equity Contributions); plus

 

(e)       100%
of the aggregate amount received in cash by the Borrower or a Subsidiary of the Borrower by means of the sale or other disposition (other
than to the Borrower or a Subsidiary) of Investments made by the Borrower or its Subsidiaries pursuant to Section 7.7(i) and repurchases
and redemptions of such Investments pursuant to Section 7.7(i) from the Borrower or its Subsidiaries (other than by the Borrower
or a Subsidiary); plus

 

(f)       100%
of the returns, profits, distributions and similar amounts on Investments made using the Available Amount; minus

 

(g)       the
cumulative amount of Investments made pursuant to Section 7.7(i) and Restricted Payments made pursuant to Section 7.6(g)
after the Closing Date.

 

In determining the Available
Amount for the purposes of determining whether any Investment can be made under Section 7.7(i) or any Restricted Payment can be
made under Section 7.6(g), the amount of such Investment or such Restricted Payment, as the case shall be, shall not be included
in the calculation under clause (g) above until made.

 

“Available Revolving
Commitments”: at any time, an amount equal to (a) the Total Revolving Commitments in effect at such time (as decreased pursuant
to Section 2.9), minus (b) the Dollar Equivalent of the aggregate issued but undrawn amount of all outstanding Letters of
Credit at such time, minus (c) the Dollar Equivalent of the aggregate amount of all L/C Disbursements that have not yet been reimbursed
or converted into Revolving Loans at such time, minus (d) the aggregate principal balance of any Revolving Loans outstanding at
such time; provided that for purposes of calculating any Lender’s Revolving Extensions of Credit for the purpose of determining
such Lender’s available Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline
Loans then outstanding shall be deemed to be zero.

 

“Available
Tenor”: means, as of any date of determination and with respect to the then-current Benchmark, as applicable, any
tenor for such Benchmark or payment period for interest calculated with reference to such Benchmark, as applicable, that is or may
be used for determining the length of an Interest Period pursuant to this Agreement as of such date and not including, for the
avoidance of doubt, any tenor for such Benchmark that is then-removed from the definition of “Interest Period” pursuant
to Section 2.25.

 

    4

     

    

 

“Average Unused
Total Revolving Commitments”: has the meaning specified in Section 2.8(a).

 

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

 

“Bail-In Legislation”:
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 for such EEA Member Country from time to time which is described in the EU Bail-In Legislation
Schedule.

 

“Bank Services”:
any products, credit services and/or financial accommodations previously, now, or hereafter provided to any Group Member by any Bank Services
Provider, including any letters of credit (other than any Letters of Credit provided for the account of the Borrower hereunder), cash
management services (including merchant services, direct deposit payroll, business credit cards and check cashing services), interest
rate swap arrangements (other than to the extent constituting Specified Swap Agreements), and foreign exchange services (including with
respect to FX Contracts), as any such products or services may be identified in such Lender’s various agreements related thereto
(each, a “Bank Services Agreement”).

 

“Bank Services
Agreement”: as defined in the definition of “Bank Services”.

 

“Bank Services
Provider”: any Person that (a) at the time that it enters into a Bank Services Agreement or an FX Contract, is a Lender
or an Affiliate of a Lender, or (b) at the time it (or its Affiliate) becomes a Lender, is a party to a Bank Services Agreement or an
FX Contract, in each case, in its capacity as a party to such Bank Services Agreement or FX Contract.

 

“Bankruptcy Code”:
Title 11 of the United States Code entitled “Bankruptcy.”

 

“Benchmark”:
means, initially, Eurodollar Base Rate; provided that if a Benchmark Transition Event or an Early Opt-in Election or a Term SOFR Transition
Event, as applicable, and its related Benchmark Replacement Date have occurred with respect to Eurodollar Base Rate or the then-current
Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced
such prior benchmark rate pursuant to Section 2.25.

 

“Benchmark Replacement”:
means, for any Available Tenor, the first alternative set forth in the order below that can be determined by the Administrative Agent
for the applicable Benchmark Replacement Date:

 

(1) the sum of: (a) Term SOFR
and (b) the related Benchmark Replacement Adjustment;

 

(2) the sum of: (a) Daily
Simple SOFR and (b) the related Benchmark Replacement Adjustment;

 

(3) the sum of: (a) the alternate
benchmark rate that has been selected by the Administrative Agent and the Borrower as the replacement for the then-current Benchmark for
the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a replacement benchmark rate or
the mechanism for determining such a rate by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention
for determining a benchmark rate as a replacement for the then-current Benchmark for U.S. dollar-denominated syndicated credit facilities
at such time and (b) the related Benchmark Replacement Adjustment;

 

    5

     

    

 

provided that, in
the case of clause (1), such Unadjusted Benchmark Replacement is displayed on a screen or other information service that publishes
such rate from time to time as selected by the Administrative Agent in its reasonable discretion. If the Benchmark Replacement as
determined pursuant to clause (1), (2) or (3) above would be less than the Floor, the Benchmark Replacement will be deemed to be the
Floor for the purposes of this Agreement and the other Loan Documents; provided further that, notwithstanding anything to the
contrary in this Agreement or in any other Loan Document, upon the occurrence of a Term SOFR Transition Event, and the delivery of a
Term SOFR Notice, the “Benchmark Replacement” shall revert to and shall be deemed to be Term SOFR. The Administrative
Agent and the Borrower shall use commercially reasonable efforts to ensure that any Benchmark Replacement shall meet the standards
set forth in Proposed Section 1.1001-6 of the Treasury Regulations (or any successor or final version of such regulation) so as not
to be treated as a “modification” (and therefore an exchange) of this Agreement for purposes of Section 1.1001-3 of the
Treasury Regulations.

 

“Benchmark Replacement
Adjustment”: means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement
for any applicable Interest Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement:

 

(1) for purposes of clauses
(1) and (2) of the definition of “Benchmark Replacement,” the first alternative set forth in the order below that can be determined
by the Administrative Agent:

 

(a) the spread adjustment,
or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) as of the Reference
Time such Benchmark Replacement is first set for such Interest Period that has been selected or recommended by the Relevant Governmental
Body for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for the applicable Corresponding Tenor;

 

(b) the spread adjustment
(which may be a positive or negative value or zero) as of the Reference Time such Benchmark Replacement is first set for such Interest
Period that would apply to the fallback rate for a derivative transaction referencing the ISDA Definitions to be effective upon an index
cessation event with respect to such Benchmark for the applicable Corresponding Tenor; and

 

(2) for purposes of clause
(3) of the definition of “Benchmark Replacement,” the spread adjustment, or method for calculating or determining such spread
adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative Agent and the Borrower for
the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a spread adjustment, or method for
calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement
by the Relevant Governmental Body on the applicable Benchmark Replacement Date or (ii) any evolving or then-prevailing market convention
for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark
with the applicable Unadjusted Benchmark Replacement for U.S. dollar-denominated syndicated credit facilities;

 

provided that, in the
case of clause (1) above, such adjustment is displayed on a screen or other information service that publishes such Benchmark Replacement
Adjustment from time to time as selected by the Administrative Agent in its reasonable discretion.

 

“Benchmark Replacement
Conforming Changes”: means, with respect to any Benchmark Replacement, any technical, administrative or operational changes
(including changes to the definition of “ABR,” the definition of “Business Day,” the definition of “Interest
Period,” timing and frequency of determining rates and making payments of interest, timing of borrowing requests or prepayment,
conversion or continuation notices, length of lookback periods, the applicability of breakage provisions, and other technical, administrative
or operational matters) that the Administrative Agent, in consultation with the Borrower, decides may be appropriate to reflect the adoption
and implementation of such Benchmark Replacement and to permit the administration thereof by the Administrative Agent in a manner substantially
consistent with market practice and consistent with changes being made by the Administrative Agent generally with respect to similarly
situated borrowers (or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively
feasible or if the Administrative Agent determines that no market practice for the administration of such Benchmark Replacement exists,
in such other manner of administration as the Administrative Agent decides, in consultation with the Borrower, is reasonably necessary
in connection with the administration of this Agreement and the other Loan Documents).

 

    6

     

    

 

“Benchmark Replacement
Date”: the earliest to occur of the following events with respect to the then-current Benchmark:

 

in the case of clause (1)
or (2) of the definition of “Benchmark Transition Event,” the later of (a) the date of the public statement or publication
of information referenced therein and (b) the date on which the administrator of such Benchmark (or the published component used in the
calculation thereof) permanently or indefinitely ceases to provide all Available Tenors of such Benchmark (or such component thereof);

 

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

 

in the case of an Early Opt-in
Election, the sixth (6th) Business Day after the date notice of such Early Opt-in Election is provided to the Lenders, so long as the
Administrative Agent has not received, by 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such
Early Opt-in Election is provided to the Lenders, written notice of objection to such Early Opt-in Election from Lenders comprising the
Required Lenders.

 

For the avoidance of doubt,
(i) if the event giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect
of any determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination
and (ii) the “Benchmark Replacement Date” will be deemed to have occurred in the case of clause (1) or (2) with respect to
any Benchmark upon the occurrence of the applicable event or events set forth therein with respect to all then-current Available Tenors
of such Benchmark (or the published component used in the calculation thereof).

 

“Benchmark Transition
Event”: the occurrence of one or more of the following events with respect to the then-current Benchmark:

 

a public statement or publication
of information by or on behalf of the administrator of such Benchmark (or the published component used in the calculation thereof) announcing
that such administrator has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof), permanently
or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to
provide any Available Tenor of such Benchmark (or such component thereof);

 

a public statement or publication
of information by the regulatory supervisor for the administrator of such Benchmark (or the published component used in the calculation
thereof), the Board of Governors, the Federal Reserve Bank of New York, an insolvency official with jurisdiction over the administrator
for such Benchmark (or such component), a resolution authority with jurisdiction over the administrator for such Benchmark (or such component)
or a court or an entity with similar insolvency or resolution authority over the administrator for such Benchmark (or such component),
which states that the administrator of such Benchmark (or such component) has ceased or will cease to provide all Available Tenors of
such Benchmark (or such component thereof) permanently or indefinitely, provided that, at the time of such statement or publication, there
is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof); or

 

a public statement or publication
of information by the regulatory supervisor for the administrator of such Benchmark (or the published component used in the calculation
thereof) announcing that all Available Tenors of such Benchmark (or such component thereof) are no longer representative.

 

For the avoidance of doubt,
a “Benchmark Transition Event” will be deemed to have occurred with respect to any Benchmark if a public statement or publication
of information set forth above has occurred with respect to each then-current Available Tenor of such Benchmark (or the published component
used in the calculation thereof).

 

“Benchmark Unavailability
Period”: the period (if any) (x) beginning at the time that a Benchmark Replacement Date pursuant to clauses (1) or (2)
of that definition has occurred if, at such time, no Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder
and under any Loan Document in accordance with Section 2.25 and (y) ending at the time that a Benchmark Replacement has replaced
the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 2.25.

 

    7

     

    

 

“Beneficial
Ownership Certification”: a certification regarding beneficial ownership required by the Beneficial Ownership
Regulation, which certification shall be substantially similar in form and substance to the form of Certification Regarding
Beneficial Owners of Legal Entity Customers published jointly, in May 2018, by the Loan Syndications and Trading Association and
Securities Industry and Financial Markets Association.

 

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

 

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

 

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

 

“Benefitted Lender”:
as defined in Section 10.7(a).

 

“Blocked Person”:
as defined in Section 7.22.

 

“BMO”:
BMO Harris Bank N.A.

 

“Board”:
the Board of Governors of the Federal Reserve System of the United States (or any successor).

 

“Borrower”:
as defined in the preamble hereto.

 

“Borrowing Date”:
any Business Day specified by the Borrower in a Notice of Borrowing as a date on which the Borrower requests the relevant Lenders to make
Loans hereunder.

 

“Business”:
as defined in Section 4.17(b).

 

“Business Day”:
a day other than a Saturday, Sunday or other day on which commercial banks in the State of New York are authorized or required by law
to close; provided that with respect to notices and determinations in connection with, and payments of principal and interest on,
Eurodollar Loans, such day is also a day for trading by and between banks in Dollar deposits in the interbank eurodollar market, and

 

(a)       if
such day relates to any interest rate settings as to a Eurodollar Loan denominated in Euro, any fundings, disbursements, settlements and
payments in Euro in respect of any such Eurodollar Loan, or any other dealings in Euro to be carried out pursuant to this Agreement in
respect of any such Eurodollar Loan, means a TARGET Day;

 

(b)       if
such day relates to any interest rate settings as to a Eurodollar Loan denominated in a currency other than Dollars or Euro, means any
such day on which dealings in deposits in the relevant currency are conducted by and between banks in the London or other applicable offshore
interbank market for such currency; and

 

(c)       if
such day relates to any fundings, disbursements, settlements and payments in a currency other than Dollars or Euro in respect of a Eurodollar
Loan denominated in a currency other than Dollars or Euro, or any other dealings in any currency other than Dollars or Euro to be carried
out pursuant to this Agreement in respect of any such Eurodollar Loan (other than any interest rate settings), means any such day on which
banks are open for foreign exchange business in the principal financial center of the country of such currency.

 

“Canadian Dollar”
and “CAD”: the lawful currency of Canada.

 

“Capital Lease
Obligations”: as to any Person, the obligations of such Person to pay rent or other amounts under any lease of (or other
arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified
and accounted for as a finance lease on a balance sheet of such Person under GAAP.

 

    8

     

    

 

“Capital Stock”:
any and all shares, interests, participations or other equivalents (however designated) of capital stock of a corporation, any and all
equivalent ownership interests in a Person (other than a corporation) and any and all warrants, rights or options to purchase any of the
foregoing from such Person; provided, however, that any Indebtedness convertible into Equity Interests shall not constitute
Capital Stock prior to the date of any applicable conversion.

 

“Cash Collateralize”:
to deposit in a blocked account at a commercial bank selected by the Administrative Agent, in the name of the Borrower and under the sole
dominion and control (within the meaning of the UCC) of the Administrative Agent, or to pledge and deposit with or deliver to (a) with
respect to Obligations in respect of Letters of Credit, the Administrative Agent, for the benefit of one of more of the Issuing Lenders
and one or more of the Lenders, as applicable, as collateral for L/C Exposure or obligations of the Lenders to fund participations in
respect thereof, cash or Deposit Account balances having an aggregate value of at least 103% of the L/C Exposure or, if the Administrative
Agent and the applicable Issuing Lender shall agree in their sole discretion, other credit support, in each case pursuant to documentation
in form and substance satisfactory to the Administrative Agent and such Issuing Lender; (b) with respect to Obligations arising under
any Bank Services Agreement in connection with Bank Services, the applicable Bank Services Provider for its own benefit, as provider of
such Bank Services or FX Contracts, cash or Deposit Account balances having an aggregate value of at least 103% of the aggregate amount
of the Obligations of the Group Members arising under all such Bank Services Agreements and FX Contracts evidencing such Bank Services
and FX Contracts; or (c) with respect to Obligations in respect of any Specified Swap Agreements, the applicable Qualified Counterparty,
as Collateral for such Obligations, cash or Deposit Account balances or, if such Qualified Counterparty shall agree in its sole discretion,
other credit support, in each case pursuant to documentation in form and substance satisfactory to such Qualified Counterparty. “Cash
Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and
other credit support.

 

“Cash Equivalents”:
(a) marketable direct obligations issued by, or unconditionally guaranteed by, the United States Government or issued by any agency thereof
and backed by the full faith and credit of the United States, in each case maturing within one year from the date of acquisition; (b)
certificates of deposit, time deposits, eurodollar time deposits or overnight bank deposits having maturities of thirty-six months or
less from the date of acquisition issued (i) by any Lender or (ii) by any commercial bank organized under the laws of the United States
or any state thereof having combined capital and surplus of not less than $250,000,000; (c) commercial paper of an issuer rated at least
A-1 by S&P or P-1 by Moody’s or such other rating as may be acceptable to the Administrative Agent, or carrying an equivalent
rating by a nationally recognized rating agency, if both of the two named rating agencies cease publishing ratings of commercial paper
issuers generally, and maturing within thirty-six months from the date of acquisition; (d) repurchase obligations of any Lender or
of any commercial bank satisfying the requirements of clause (b) of this definition, having a term of not more than 30 days, with respect
to securities issued or fully guaranteed or insured by the United States government; (e) securities with maturities of thirty-six months
or less from the date of acquisition issued or fully guaranteed by any state, commonwealth or territory of the United States, by any political
subdivision or taxing authority of any such state, commonwealth or territory or by any foreign government, the securities of which state,
commonwealth, territory, political subdivision, taxing authority or foreign government (as the case may be) are rated at least A by S&P
or A by Moody’s or such other rating as may be acceptable to the Administrative Agent; (f) securities with maturities of thirty-six
months or less from the date of acquisition backed by standby letters of credit issued by any Lender or any commercial bank satisfying
the requirements of clause (b) of this definition; (g) money market mutual or similar funds that invest exclusively in assets satisfying
the requirements of clauses (a) through (f) of this definition; or (h) money market funds that (i) comply with the criteria set forth
in SEC Rule 2a-7 under the Investment Company Act of 1940, as amended, (ii) are rated AAA by S&P and Aaa by Moody’s or such
other rating as may be acceptable to the Administrative Agent and (iii) have portfolio assets of at least $5,000,000,000.

 

“Casualty Event”:
any damage to or any destruction of, or any condemnation or other taking by any Governmental Authority of any property of the Loan Parties.

 

“Change of
Control”: (a) at any time, any “person” or “group” (as such terms are used in Sections 13(d)
and 14(d) of the Exchange Act), shall become, or obtain rights (whether by means or warrants, options or otherwise) to become, the
“beneficial owner” (as defined in Rules 13(d)-3 and 13(d)-5 under the Exchange Act), directly or indirectly, of 35% or
more of the ordinary voting power for the election of directors of the Borrower (determined on a fully diluted basis); or (b) at any
time, the Borrower shall cease to own and control, of record and beneficially, directly or indirectly, 100% (other than
directors’ qualifying shares) of each class of outstanding Capital Stock of each Guarantor free and clear of all Liens (except
Liens permitted by Section 7.3), other than as a result of a Disposition permitted by Section 7.5 or a merger,
consolidation or amalgamation permitted by Section 7.4, in any such case, as a result of which any applicable Guarantor
ceases to be a Subsidiary.

 

    9

     

    

 

“Closing Date”:
the date on which all of the conditions precedent set forth in Section 5.1 are satisfied or waived by the Administrative Agent
and, as applicable, the Lenders or the Required Lenders.

 

“Closing Date
Solvency Certificate”: the Solvency Certificate, dated the Closing Date, delivered to the Administrative Agent pursuant
to Section 5.1(1), which Closing Date Solvency Certificate shall be in substantially the form of Exhibit C.

 

“Code”:
the Internal Revenue Code of 1986, as amended.

 

“Collateral”:
all property of the Loan Parties, now owned or hereafter acquired, upon which a Lien is purported to be created by any Security Document.
Notwithstanding the foregoing or any contrary provision contained herein or in any other Loan Document, no Excluded Asset (as such term
is defined in the Guarantee and Collateral Agreement) shall constitute “Collateral.”

 

“Collateral Information
Certificate”: the Collateral Information Certificate relating to the Loan Parties executed and delivered by the Borrower
pursuant to Section 5.1 on the Closing Date after giving effect to the Acquisition.

 

“Collateral-Related
Expenses”: all costs and expenses of the Administrative Agent paid or incurred in connection with any sale, collection or
other realization on the Collateral, including reasonable compensation to the Administrative Agent and its agents and counsel, and reimbursement
for all other costs, expenses and liabilities and advances made or incurred by the Administrative Agent in connection therewith (including
as described in Section 6.6 of the Guarantee and Collateral Agreement), and all amounts for which the Administrative Agent is entitled
to indemnification under the Security Documents and all advances made by the Administrative Agent under the Security Documents for the
account of any Loan Party.

 

“Commitment”:
as to any Lender, the sum of its Term Commitment and its Revolving Commitment.

 

“Commitment Fee”:
as defined in Section 2.8(a).

 

“Commitment Fee
Rate”: the rate per annum set forth under the relevant column heading in the definition of Applicable Margin.

 

“Commodity Exchange
Act”: the Commodity Exchange Act (7 U.S.C. section 1 et seq.), as amended from time to time, and any successor statute.

 

“Communications”:
is defined in Section 10.2(d)(ii).

 

“Company Material
Adverse Effect”: Material Adverse Effect as defined in the Acquisition Agreement.

 

“Competitor”:
as defined in the definition of “Disqualified Institution.”

 

“Compliance Certificate”:
a certificate duly executed by a Responsible Officer of the Borrower substantially in the form of Exhibit B.

 

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

 

“Consolidated
Capital Expenditures”: for any period, with respect to the Borrower and its consolidated Subsidiaries, the aggregate
of all expenditures (whether paid in cash or other consideration or accrued as a liability and including that portion of Capital
Lease Obligations which is capitalized on the consolidated balance sheet of the Borrower) by such Group Members during such period
for the acquisition or leasing (pursuant to a capital lease) of fixed or capital assets or additions to equipment (including
replacements, capitalized repairs and improvements during such period) that, in conformity with GAAP, are included in
“additions to property, plant or equipment” or comparable items reflected in the consolidated statement of cash flows of
the Borrower; provided that “Consolidated Capital Expenditures” shall not include (a) expenditures in respect of
normal replacements and maintenance which are properly charged to current operations, (b) expenditures made in connection with the
replacement, substitution or restoration of assets to the extent financed (i) from insurance proceeds paid on account of the loss of
or damage to the assets being replaced or restored or (ii) with awards of compensation arising from the taking by eminent domain or
condemnation of the assets being replaced, (c) expenditures made as a tenant as leasehold improvements during such period to the
extent reimbursed by the landlord during such period, or (d) expenditures made in connection with Permitted Acquisitions.

 

    10

     

    

 

 

“Consolidated
EBITDA”: with respect to the Borrower and its consolidated Subsidiaries for any period,

 

(a) the sum, without
duplication, of the amounts for such period of:

 

(i)        Consolidated
Net Income, plus, in the case of the following clauses (a)(ii) through (a)(xii), to the extent the same was deducted (and not added
back) in determining such Consolidated Net Income,

 

(ii)       total
interest expense (including that portion of any Capital Lease Obligations that is treated as interest in accordance with GAAP) of the
Borrower and its consolidated Subsidiaries for such period with respect to all outstanding Indebtedness of such Persons (including all
commissions, discounts and other fees and charges owed with respect to letters of credit and bankers’ acceptance financing and net
costs under Swap Agreements in respect of interest rates to the extent such net costs are allocable to such period in accordance with
GAAP), plus

 

(iii)       provisions
for taxes based on income, plus

 

(iv)       total
depreciation expense, plus

 

(v)       total
amortization expense, plus

 

(vi)       non-cash
compensation paid in Capital Stock, plus

 

(vii)      without
duplication, other non-cash items reducing Consolidated Net Income (excluding any such non-cash item to the extent that it represents
an accrual or reserve for potential cash items in any future period or amortization of a prepaid cash item that was paid in a prior period),
plus

 

(viii)    fees
and out-of-pocket transaction costs and expenses incurred by the Borrower or any of its consolidated Subsidiaries in connection with this
Agreement and the other Loan Documents, the Acquisition Agreement, and the Transactions, plus

 

(ix)       fees
and out-of-pocket transaction costs and expenses incurred by the Borrower or any of its consolidated Subsidiaries after the Closing Date
in connection with Permitted Acquisitions (whether or not consummated), plus

 

(x)        restructuring
charges, extraordinary charges, including charges from any Disposition, plus

 

    11

     

    

 

(xi)       the
amount of “run-rate” synergies, operating expense reductions and other net cost savings projected by the Borrower in
good faith to be realized as a result of actions taken during such period (calculated on a pro forma basis as though such
cost savings, operating expense reductions, restructuring charges and expenses and cost-saving synergies had been realized on the
first day of such period), net of the amount of actual benefits realized during such period from such actions and net of the costs
incurred during such period in connection with such actions; provided, that the Compliance Certificate required to be
delivered pursuant to Section 6.2(b) shall include a certification from a Responsible Officer of the Borrower certifying that
(1) such “run-rate” synergies, operating expense reductions and other net cost savings are reasonably identifiable and
factually supportable, (2) such “run-rate” synergies, operating expense reductions and other net cost savings are
expected to be realized within 12 months of such actions being taken, (3) no “run-rate” synergies, operating expense
reductions and other net cost savings have been added pursuant to this clause (xi) that are duplicative of any expenses or charges
relating thereto that are either excluded in computing Consolidated Net Income or included (i.e., added back) in computing
Consolidated EBITDA for such period, (4) such adjustments are not duplicative of other pro forma adjustments (but may be incremental
to any other pro forma adjustments), provided, further, that the aggregate add-backs pursuant to this clause (xi) shall not
exceed 25% of Consolidated EBITDA for such period; plus

 

(xii) any loss or expense
that any Lender sustains or incurs for which the Borrower has to reimburse such Lender under Section 2.19;

 

minus

 

(b) the sum, without duplication
of the amounts for such period of

 

(i)       any
extraordinary gains and non-cash items, including gains from any Disposition, increasing Consolidated Net Income for such period, plus

 

(ii)       interest
income;

 

provided that for purposes of this Agreement,
Consolidated EBITDA for any period shall be determined on a Pro Forma Basis.

 

Notwithstanding the foregoing or anything to the
contrary contained herein, Consolidated EBITDA for the fiscal quarters ended on or about each of dates set forth below is the amount set
opposite such date:

 

	Date	 	Consolidated EBITDA	 
	September 30, 2020	 	$	16,121,000	 
	December 31, 2020	 	$	10,107,000	 
	March 31, 2021	 	$	14,847,000	 
	June 30, 2021	 	$	15,412,000	 

 

 

“Consolidated
First Lien Leverage Ratio”: as of the last day of any period, the ratio of (a)(i) Consolidated Total Funded Indebtedness
that is secured by any Lien on Collateral ranking pari passu with a Lien securing the Obligations as of the last day of such period
minus (ii) Unrestricted Cash, to (b) Consolidated EBITDA for such date.

 

“Consolidated
Interest Expense”: for any period, total interest expense paid in cash (including that portion of any Capital Lease Obligations
that is treated as interest in accordance with GAAP) of the Borrower and its consolidated Subsidiaries for such period with respect to
all outstanding Indebtedness of such Persons (including all commissions, discounts and other fees and charges owed with respect to letters
of credit and bankers’ acceptance financing and net costs under Swap Agreements in respect of interest rates to the extent such
net costs are allocable to such period in accordance with GAAP), but excluding the amortization of any deferred financing costs in connection
with such Indebtedness.

 

“Consolidated
Leverage Ratio”: as at the last day of any period, the ratio of (a) (i) Consolidated Total Funded Indebtedness as
of the last day of such period minus (ii) Unrestricted Cash, to (b) Consolidated EBITDA for such period.

 

“Consolidated
Net Income”: for any period, the consolidated net income (or loss) of the Borrower and its consolidated Subsidiaries,
determined on a consolidated basis in accordance with GAAP; provided that there shall be excluded from the calculation of
“Consolidated Net Income” (a) the income (or deficit) of any such Person accrued prior to the date it becomes a
Subsidiary of the Borrower or is merged into or consolidated with the Borrower or one of its Subsidiaries, (b) the income (or
deficit) of any such Person (other than a Subsidiary of the Borrower) in which the Borrower or one of its Subsidiaries has an
ownership interest, except to the extent that any such income is actually received by the Borrower or such Subsidiary in the form of
dividends or similar distributions, and (c) the undistributed earnings of any Subsidiary of the Borrower to the extent that the
declaration or payment of dividends or similar distributions by such Subsidiary is not at the time permitted by the terms of any
Contractual Obligation (other than under any Loan Document) or any Requirement of Law applicable to such Subsidiary or any owner of
Capital Stock of such Subsidiary.

 

    12

     

    

 

“Consolidated
Secured Leverage Ratio”: as of the last day of any period, the ratio of (a)(i) Consolidated Total Funded Indebtedness
that is secured by any Lien on Collateral as of the last day of such period minus (ii) Unrestricted Cash as of such date, to
(b) Consolidated EBITDA for such period.

 

“Consolidated
Total Current Assets” as of the date of any determination thereof, total current assets of the Borrower and its consolidated
Subsidiaries calculated in accordance with GAAP on a consolidated basis as of such date.

 

“Consolidated
Total Funded Indebtedness”: at any date, the aggregate principal amount of all Indebtedness of the Borrower and its consolidated
Subsidiaries at such date referred to (a) in clauses (a), (c), and (e) of the definition of “Indebtedness” and (b) in clause
(g) of the definition of Indebtedness to the extent relating to Indebtedness under said clauses (a), (c) and (e), all of such Indebtedness
determined on a consolidated basis in accordance with GAAP.

 

“Contractual Obligation”:
as to any Person, any provision of any security issued by such Person or of any agreement, instrument or other undertaking to which such
Person is a party or by which it or any of its property is bound.

 

“Control”:
the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether
through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled”
have meanings correlative thereto.

 

“Copyright License”:
any written agreement which (a) names a Loan Party as licensor or licensee (including those listed on Schedule 6 of the Guarantee and
Collateral Agreement), or (b) grants any right under any Copyright owned by a third party to a Loan Party, including any right to manufacture,
distribute, exploit and sell materials derived from any such Copyright.

 

“Copyrights”:
(a) all copyrights arising under the laws of the United States, any other country or any political subdivision thereof, together with
the underlying works of authorship (including titles), whether registered or unregistered and whether published or unpublished (including
those listed on Schedule 6 of the Guarantee and Collateral Agreement), all computer programs, computer databases, computer program flow
diagrams, source codes, object codes and all tangible property embodying or incorporating any copyrights, all registrations and recordings
thereof, and all applications in connection therewith, including all registrations, recordings and applications in the USCRO, and (b)
the right to obtain any renewals thereof.

 

“Corresponding
Tenor”: with respect to any Available Tenor means, as applicable, either a tenor (including overnight) or an interest payment
period having approximately the same length (disregarding business day adjustment) as such Available Tenor.

 

“Covered Entity”:
any of the following: (i) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. §
252.82(b); (ii) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b);
or (iii) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b).

 

“Covered Party”:
as defined in Section 10.23.

 

“Daily
Simple SOFR”: means, for any day, SOFR, with the conventions for this rate (which will include a lookback) being
established by the Administrative Agent in accordance with the conventions for this rate selected or recommended by the Relevant
Governmental Body for determining “Daily Simple SOFR” for syndicated business loans; provided that, if the
Administrative Agent decides that any such convention is not administratively feasible for the Administrative Agent, then the
Administrative Agent may establish another convention in its reasonable discretion.

 

    13

     

    

 

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

 

“Debtor Relief
Plan”: a plan of reorganization or plan of liquidation pursuant to any Debtor Relief Laws.

 

“Default”:
any of the events specified in Section 8.1, whether or not any requirement for the giving of notice, the lapse of time, or both,
has been satisfied.

 

“Default Rate”:
as defined in Section 2.13(c).

 

“Default Right”:
the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.

 

“Defaulting Lender”:
subject to Section 2.22(b), any Lender that (a) has failed to (i) fund all or any portion of its Loans within two Business Days
of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Borrower in writing
that such failure is the result of such Lender’s reasonable determination that one or more conditions precedent to funding (each
of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied,
or (ii) pay to the Administrative Agent, any Issuing Lender, the Swingline Lender or any other Lender any other amount required to be
paid by it hereunder (including in respect of its participation in Letters of Credit or Swingline Loans) within two Business Days of the
date when due, (b) has notified the Borrower, the Administrative Agent, any Issuing Lender or the Swingline Lender in writing that it
does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or
public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s
reasonable determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall
be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three Business Days after
written request by the Administrative Agent or the Borrower, to confirm in writing to the Administrative Agent and the Borrower that it
will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender
pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the Borrower), or (d) has, or has
a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had appointed for
it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization
or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory
authority acting in such a capacity, or (iii) become the subject of a Bail-In Action; provided that a Lender shall not be a Defaulting
Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company
thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the
jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such
Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender.
Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above
shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section
2.22(b)) upon delivery of written notice of such determination to the Borrower, each Issuing Lender, the Swingline Lender and each
Lender.

 

“Deposit Account”:
any “deposit account” as defined in the UCC with such additions to such term as may hereafter be made.

 

“Designated Jurisdiction”:
any country or territory to the extent that such country or territory itself is the subject of any Sanction.

 

    14

     

    

 

“Discharge of
Obligations”: subject to Section 10.8, the satisfaction of the Obligations (including all such Obligations relating
to Bank Services and FX Contracts), which shall include the following actions: (a) the payment in full, in cash of the principal of and
interest on or other liabilities relating to each Loan, all fees and all other expenses or amounts payable under any Loan Document (other
than inchoate indemnification obligations and any other obligations which pursuant to the terms of any Loan Document specifically survive
repayment of the Loans for which no claim has been made), (b) no default or termination event shall have occurred and be continuing under
any Specified Swap Agreements and any such Obligations in respect of Specified Swap Agreements have, if required by the applicable Bank
Services Provider or any applicable Qualified Counterparties, as applicable, been paid in full or Cash Collateralized, (c) no Letter of
Credit shall be outstanding (or, as applicable, each outstanding and undrawn Letter of Credit has been Cash Collateralized in accordance
with the terms hereof), (d) no Obligations in respect of any Bank Services or FX Contracts are outstanding (or, as applicable, all such
outstanding Obligations in respect of Bank Services and FX Contracts have, if required by the applicable Bank Services Provider or any
applicable Qualified Counterparties, as applicable, been Cash Collateralized in accordance with the terms hereof), and (e) the aggregate
Commitments of the Lenders are terminated.

 

“Disposition”:
with respect to any property (including, without limitation, any Capital Stock of any Person), any sale, lease, Sale Leaseback Transaction,
assignment, conveyance, transfer, encumbrance, Division or other disposition thereof and any issuance of Capital Stock of the Borrower
or any of its Subsidiaries. The terms “Dispose” and “Disposed of” shall have correlative
meanings.

 

“Disqualified
Equity Interests”: with respect to any Person, any Equity Interests of such Person which, by its terms, or by the terms
of any security into which it is convertible or for which it is putable or exchangeable, or upon the happening of any event, matures or
is mandatorily redeemable (other than solely as a result of a change of control or asset sale) pursuant to a sinking fund obligation or
otherwise, or is redeemable at the option of the holder thereof (other than solely as a result of a change of control or asset sale),
in whole or in part, in each case prior to the date 91 days after the earlier of the Term Loan Maturity Date or the date the Loans are
no longer outstanding; provided, however, that any Equity Interests held by any future, current or former employee, director,
officer, manager or consultant (or their respective controlled Affiliates), of the Borrower, any of its Subsidiaries, any of its direct
or indirect parent companies or any other entity in which the Borrower or a Subsidiary has an Investment and is designated in good faith
as an “affiliate” by the board of directors of the Borrower (or the compensation committee thereof), in each case pursuant
to any stock subscription or shareholders’ agreement, management equity plan or stock option plan or any other management or employee
benefit plan or agreement shall not constitute Disqualified Equity Interests solely because it may be required to be repurchased by the
Borrower or its Subsidiaries or in order to satisfy applicable statutory or regulatory obligations. Notwithstanding the preceding sentence,
any Equity Interests that would constitute Disqualified Equity Interests solely because the holders of the Equity Interests have the right
to require the Borrower to repurchase such Equity Interests upon the occurrence of a change of control or an asset sale shall not constitute
Disqualified Equity Interests if the terms of such Equity Interests (and all such securities into which it is convertible or for which
it is ratable or exchangeable) provide that the Borrower may not repurchase or redeem any such Equity Interests (and all such securities
into which it is convertible or for which it is ratable or exchangeable) pursuant to such provisions unless such repurchase or redemption
complies with the terms of this Agreement. The amount of Disqualified Equity Interests deemed to be outstanding at any time for purposes
of this Agreement shall be the maximum amount that the Borrower and its Subsidiaries may become obligated to pay upon the maturity of,
or pursuant to any mandatory redemption provisions of, such Disqualified Equity Interests, exclusive of accrued dividends.

 

“Disqualified
Institution”: means (i) any Person designated by the Borrower by written notice to the Administrative Agent delivered
on or before the Closing Date, as a disqualified institution or (ii) any Person designated by the Borrower, by written notice to the
Administrative Agent delivered on or before the Closing Date, that is an operating company competitor of the Borrower or its
Subsidiaries (“Competitor”) or (iii) any Affiliate of any Person referred to in the foregoing clauses (i) or
(ii), to the extent such Affiliate (x) is clearly identifiable as an Affiliate based on the similarity of such Affiliate’s
name and (y) with respect to clause (ii) above, is not a bona fide debt fund or investment vehicle that is engaged in making,
purchasing, holding or otherwise investing in commercial loans and similar extensions of credit in the ordinary course of business,
other than a Person specifically designated as a Disqualified Institution by the Borrower by written notice to the Administrative
Agent delivered on or before the Closing Date, provided, Disqualified Institutions shall (A) exclude any Person that the
Borrower has designated as no longer being a Disqualified Institution by written notice delivered to the Administrative Agent from
time to time and (B) include any Person that is added, pursuant to a written supplement to the list of Disqualified Institutions
(provided that any such written supplement of any Person other than a Competitor must be reasonably approved by the Administrative
Agent), that is delivered by the Borrower after the Closing Date to the Administrative Agent; provided further that (x) such
supplement shall become effective three Business Days after delivery to the Administrative Agent, (y) shall not apply retroactively
to disqualify the acquisition or transfer of an interest in the Loans that was effective prior to the effective date of such
supplement and (z) no supplements shall be made to the disqualified institutions list from and including the Closing Date through
and including 90 days after the Closing Date or during the continuance of an Event of Default.

 

    15

     

    

 

“Disqualifying
Event” as defined in “Eligible Currency”.

 

“Dividing Person”
has the meaning assigned to it in the definition of “Division.”

 

“Division”
means the division of the assets, liabilities and/or obligations of a Person (the “Dividing Person”)
among two or more Persons (whether pursuant to a “plan of division” or similar arrangement), which may or may not include
the Dividing Person and pursuant to which the Dividing Person may or may not survive.

 

“Dollar Equivalent”:
at any time, (a) with respect to any amount denominated in Dollars, such amount, and (b) with respect to any amount denominated in any
Foreign Currency, the equivalent amount thereof in Dollars as determined by the Administrative Agent, at such time on the basis of the
Exchange Rate (determined in respect of the most recent Revaluation Date) for the purchase of Dollars with such Foreign Currency.

 

“Dollars”
and “$”: dollars in lawful currency of the United States.

 

“DQ List”:
as defined in Section 10.6(K)(iv).

 

“Domestic Subsidiary”:
any Subsidiary of any Loan Party organized under the laws of any jurisdiction within the United States.

 

“Early Opt-in
Election”: means, if the then-current Benchmark is the Eurodollar Base Rate, the occurrence of:

 

a notification by the Administrative
Agent to (or the request by the Borrower to the Administrative Agent to notify) each of the other parties hereto that at least five currently
outstanding U.S. dollar-denominated syndicated credit facilities at such time contain (as a result of amendment or as originally executed)
a SOFR-based rate (including SOFR, a term SOFR or any other rate based upon SOFR) as a benchmark rate (and such syndicated credit facilities
are identified in such notice and are publicly available for review), and

 

the joint election by the
Administrative Agent and the Borrower to trigger a fallback from Eurodollar Base Rate and the provision by the Administrative Agent of
written notice of such election to the Lenders.

 

“Earn Out Obligations”
any cash earn out obligations, performance payments or similar obligations of any Loan Party or any of their Subsidiaries to any sellers
arising out of or in connection with the Acquisition or a Permitted Acquisition, but excluding any working capital adjustments or payments
for services or licenses provided by such sellers.

 

“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 clause (a) or (b) of this definition and is subject to consolidated supervision with its parent.

 

“EEA Member Country”:
any of the member states of the European Union, Iceland, Liechtenstein, and Norway.

 

    16

     

    

 

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

 

“Eligible Assignee”:
any Person that meets the requirements to be an assignee under Section 10.6(b)(iii), (v) and (vi) (subject to such
consents, if any, as may be required under Section 10.6(b)(iii); provided, however, any Disqualified Institution
is subject to Section 10.6(k).

 

“Eligible Currency”
each Alternative Currency that is readily available, freely transferable and convertible into Dollars in the international interbank market
available to the Lenders in such market and as to which a Dollar Equivalent may be readily calculated. If, with respect to any Alternative
Currency, any change in currency controls or exchange regulations or any change in the national or international financial, political
or economic conditions are imposed in the country in which such currency is issued, result in, in the reasonable opinion of the Administrative
Agent, (a) such currency no longer being readily available, freely transferable and convertible into Dollars, (b) a Dollar Equivalent
is no longer readily calculable with respect to such currency, (c) providing such currency is impracticable for the Lenders or (d) no
longer a currency in which any Lender is willing to make such Revolving Loan (each of (a), (b), (c), and (d), a “Disqualifying
Event”), then the Administrative Agent shall promptly notify the Borrower, and such country’s currency shall no longer
be an Alternative Currency until such time as the Disqualifying Event(s) no longer exist.

 

“Environmental
Laws”: any and all foreign, Federal, state, local or municipal laws, rules, orders, regulations, statutes, ordinances, codes,
decrees, requirements of any Governmental Authority or other Requirements of Law (including common law) regulating, relating to or imposing
liability or standards of conduct concerning protection of human health or the environment, as now or may at any time hereafter be in
effect.

 

“Environmental
Liability”: any liability, contingent or otherwise (including any liability for damages, costs of environmental remediation,
fines, penalties or indemnities), of the Borrower, any other Loan Party or any of their respective Subsidiaries directly or indirectly
resulting from or based upon (a) a violation of an Environmental Law, (b) the generation, use, handling, transportation, storage, treatment
or disposal of any Materials of Environmental Concern, (c) exposure to any Materials of Environmental Concern, (d) the release of any
Materials of Environmental Concern into the environment, or (e) any contract or agreement pursuant to which liability is assumed or imposed
with respect to any of the foregoing.

 

“Equity Interests”:
with respect to any Person, all of the shares of capital stock of (or other ownership or profit interests in) such Person, all of the
warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other ownership or
profit interests in) such Person, all of the securities convertible into or exchangeable for shares of capital stock of (or other ownership
or profit interests in) such Person or warrants, rights or options for the purchase or acquisition from such Person of such shares (or
such other interests), and all of the other ownership or profit interests in such Person (including partnership, member or trust interests
therein), whether voting or nonvoting, and whether or not such shares, warrants, options, rights or other interests are outstanding on
any date of determination.

 

“ERISA”:
the Employee Retirement Income Security Act of 1974, as amended, and the rules and regulations promulgated thereunder.

 

“ERISA Affiliate”:
each business or entity which is, or within the last six years was, a member of a “controlled group of corporations,” under
“common control” or an “affiliated service group” with any Loan Party within the meaning of Section 414(b), (c)
or (m) of the Code, required to be aggregated with any Loan Party under Section 414(o) of the Code, or is, or within the last six years
was, under “common control” with any Loan Party, within the meaning of Section 4001(a)(14) of ERISA.

 

    17

     

    

 

“ERISA
Event”: any of (a) a reportable event as defined in Section 4043 of ERISA with respect to a Pension Plan, excluding
such events as to which the PBGC by regulation has waived the requirement of Section 4043(a) of ERISA that it be notified within 30
days of the occurrence of such event; (b) [Intentionally Omitted]; (c) a withdrawal by any Loan Party or any ERISA Affiliate thereof
from a Pension Plan or the termination of any Pension Plan resulting in liability under Sections 4063 or 4064 of ERISA; (d) the
withdrawal of any Loan Party or, to the knowledge of any Loan Party, any ERISA Affiliate thereof in a complete or partial withdrawal
(within the meaning of Section 4203 and 4205 of ERISA) from any Multiemployer Plan if there is any potential liability therefor, or
the receipt by any Loan Party or, to the knowledge of any Loan Party, any ERISA Affiliate thereof of notice from any Multiemployer
Plan that it is in insolvency pursuant to Section 4245 of ERISA; (e) the filing of a notice of intent to terminate, the treatment of
a plan amendment as a termination under Section 4041 or 4041A of ERISA, or the commencement of proceedings by the PBGC to terminate
a Pension Plan or Multiemployer Plan; (f) the imposition of liability on any Loan Party or any ERISA Affiliate thereof pursuant to
Sections 4062(e) or 4069 of ERISA or by reason of the application of Section 4212(c) of ERISA; (g) the failure by any Loan Party or
any ERISA Affiliate thereof to make any required contribution to a Pension Plan, or the failure to meet the minimum funding standard
of Section 412 of the Code with respect to any Pension Plan (whether or not waived in accordance with Section 412(c) of the Code) or
the failure to make by its due date a required installment under Section 430 of the Code with respect to any Pension Plan or the
failure to make any required contribution to a Multiemployer Plan; (h) the determination that any Pension Plan is considered an
at-risk plan or a plan in endangered to critical status within the meaning of Sections 430, 431 and 432 of the Code or Sections 303,
304 and 305 of ERISA; (i) an event or condition which might reasonably be expected to constitute grounds under Section 4042 of ERISA
for the termination of, or the appointment of a trustee to administer, any Pension Plan or Multiemployer Plan; (j) the imposition of
any liability under Title I or Title IV of ERISA, other than PBGC premiums due but not delinquent under Section 4007 of ERISA, upon
any Loan Party or any ERISA Affiliate thereof; (k) [Intentionally Omitted]; (l) the occurrence of a non-exempt prohibited
transaction under Sections 406 or 407 of ERISA for which any Loan Party or any Subsidiary thereof may be directly or indirectly
liable to the extent such transaction could reasonably be expected to result in a Material Adverse Effect; (m) [Intentionally
Omitted]; (n) the assertion of a material claim (other than routine claim for benefits) against any Pension Plan or the assets
thereof, or against any Loan Party or any Subsidiary thereof in connection with any such Pension Plan; (o) receipt from the IRS of
notice of the failure of any Pension Plan to qualify under Section 401(a) of the Code, or the failure of any trust forming part of
any Pension Plan to fail to qualify for exemption from taxation under Section 501(a) of the Code; or (p) the imposition of any lien
(or the fulfillment of the conditions for the imposition of any lien) on any of the rights, properties or assets of any Loan Party
or any ERISA Affiliate thereof, in either case pursuant to Title I or IV, including Section 302(f) or 303(k) of ERISA or to Section
401(a)(29) or 430(k) of the Code.

 

“ERISA Funding
Rules”: the rules regarding minimum required contributions (including any installment payment thereof) to Pension Plans
as set forth in Sections 412, 430, 431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA.

 

“Erroneous Payment”:
as defined in Section 9.14.

 

“Erroneous Payment Deficiency Assignment”:
as defined in Section 9.14.

 

“Erroneous Payment Impacted Class”:
as defined in Section 9.14.

 

“Erroneous Payment Return Deficiency”:
as defined in Section 9.14.

 

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

 

“Euro”:
the single currency of the participating member states of the European Union.

 

“Eurocurrency
Reserve Requirements”: for any day as applied to a Eurodollar Loan, the aggregate (without duplication) of the maximum rates
(expressed as a decimal fraction) of reserve requirements in effect on such day (including basic, supplemental, marginal and emergency
reserves) under any regulations of the Board or other Governmental Authority having jurisdiction with respect thereto dealing with reserve
requirements prescribed for eurocurrency funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the
Board) maintained by a member bank of the Federal Reserve System.

 

“Eurodollar
Base Rate”: with respect to each day during each Interest Period pertaining to a Eurodollar Loan (a) denominated in a
LIBOR Quoted Currency, the rate per annum determined by the Administrative Agent by reference to the ICE Benchmark Administration
(or any successor thereto if the ICE Benchmark Administration is no longer making a London Interbank Offered Rate available) as the
LIBOR Rate or (b) denominated in a Non-LIBOR Quoted Currency, the rate per annum as designated by the Administrative Agent and
Lenders with respect to such Alternative Currency (collectively, “LIBOR”) or a comparable or successor
rate for deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period in Dollars,
determined as of approximately 11:00 A.M. (London, England time) two (2) Business Days prior to the beginning of such Interest
Period (as set forth by Bloomberg Information Service or any successor thereto or any other commercially available service selected
by the Administrative Agent which provides quotations of LIBOR); provided that the Eurodollar Base Rate shall not be less
than 0.50% for any Term Loan and not less than 0% for any Revolving Loan.

 

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“Eurodollar Loans”:
Loans the rate of interest applicable to which is based upon the Eurodollar Rate (other than any ABR Loan which is determined by reference
to the Eurodollar Rate pursuant to clause (c) of the definition of “ABR”).

 

“Eurodollar Rate”:
with respect to each day during each Interest Period pertaining to a Eurodollar Loan, or with respect to any determination of the ABR,
a rate per annum determined for such day in accordance with the following formula:

 

	Eurodollar Base Rate
	1.00 - Eurocurrency Reserve Requirements

 

The Eurodollar Rate shall
be adjusted automatically as of the effective date of any change in the Eurocurrency Reserve Requirements which affect Eurodollar Loans
to be made as of, and ABR Loans to be converted into Eurodollar Loans, in any such case, at the beginning of the next applicable Interest
Period.

 

“Eurodollar Tranche”:
the collective reference to Eurodollar Loans under a particular Facility (other than the L/C Facility), the then current Interest Periods
with respect to all of which begin on the same date and end on the same later date (whether or not such Loans shall originally have been
made on the same day).

 

“Event of Default”:
any of the events specified in Section 8.1; provided that any requirement for the giving of notice, the lapse of time, or
both, has been satisfied.

 

“Excess Cash Flow”:
with respect to the Borrower and its consolidated Subsidiaries for any fiscal year, the sum of (a) Consolidated EBITDA for such year,
minus (b) Consolidated Interest Expense for such year, minus (c) the portion of taxes based on income actually paid in cash
during such year, minus (d) payments made in cash during such year on account of principal of Indebtedness of the Borrower and
its consolidated Subsidiaries (including scheduled or optional principal payments in respect of the Term Loans but excluding principal
payments in respect of the Revolving Loans (except to the extent there is an equivalent permanent reduction in Revolving Commitments),
minus (e) the aggregate amount actually paid in cash by the Borrower and its consolidated Subsidiaries during such year on account
of Consolidated Capital Expenditures or Permitted Acquisitions (excluding, in each case, the principal amount funded with Indebtedness
(other than Revolving Loans)), minus (f) any earn-out payment (however designated) made in cash during such year, minus
(g) all cash items specified in clauses (viii), (ix) and (x) of the definition of Consolidated EBITDA added back to Consolidated Net Income
in calculating Consolidated EBITDA for such year, minus (h) solely to the extent added back to the calculation of Consolidated
EBITDA, to the extent not realized, the amount of “run-rate” synergies, operating expense reductions and other net cost savings
projected by the Borrower in good faith to be realized, minus (i) increases in Working Capital for such year, minus (j)
cash expenses in respect of Swap Agreements, plus (k) decreases in Working Capital for such year.

 

“Excess Net Cash
Proceeds”: as defined in Section 2.10(c).

 

“Exchange Act”:
the Securities Exchange Act of 1934.

 

“Exchange
Rate”: on any day, with respect to any Foreign Currency, the rate at which such Foreign Currency may be exchanged into
Dollars, as set forth at approximately 11:00 A.M. (London, England time) two Business Days prior to the date as of which such
foreign exchange computation is made, on the relevant Reuters World Currency Page for such Foreign Currency (subject to delivery to
the Borrower of a “screen shot” of such Reuters World Currency Page). In the event that such rate does not appear on any
Reuters World Currency Page, the Exchange Rate with respect to such Foreign Currency shall be determined by reference to such other
publicly available service for displaying exchange rates as may be reasonably selected by the Administrative Agent or, in the event
no such service is selected, such Exchange Rate shall instead be calculated on the basis of the arithmetical average of the spot
exchange rates of the Administrative Agent for such Foreign Currency on the London market at 11:00 A.M. (London, England time), on
such date for the purchase of Dollars with such Foreign Currency, for delivery two Business Days later; provided, that if at the
time of any such determination, for any reason, no such spot rate is being quoted, the Administrative Agent may use any reasonable
method it deems appropriate to determine such rate, and such determination shall be conclusive absent manifest error.

 

    19

     

    

 

“Existing Credit
Agreement”: as defined in the recitals hereto.

 

“Existing Credit
Agreement Closing Date”: November 1, 2021.

 

“Excluded Assets”:
as defined in the Guarantee and Collateral Agreement.

 

“Excluded Foreign
Subsidiary”: in respect of any Loan Party, any Subsidiary of such Loan Party (a) that is a “controlled foreign corporation”
as defined in Section 957 of the Code, (b) that is a Subsidiary (whether direct or indirect) of a “controlled foreign corporation”
as defined in Section 957 of the Code, (c) substantially all of the assets of which are Equity Interests (or Equity Interests and debt
interests) in one or more controlled foreign corporations as defined under Section 957 of the Code, or (d) substantially all of the assets
of which are Equity Interests (or Equity Interests and debt interests) in one or more entities that are (i) treated as disregarded for
U.S. federal income tax purposes, and (ii) described in (c).

 

“Excluded Swap
Obligations”: with respect to any Guarantor, any Swap Obligation if, and to the extent that, all or a portion of the Guarantee
Obligation of such Guarantor with respect to, or the grant by such Guarantor of a Lien to secure, such Swap Obligation (or any guarantee
thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission
(or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure for any reason to constitute
an “eligible contract participant” as defined in the Commodity Exchange Act (determined after giving effect to Section 2.6
of the Guarantee and Collateral Agreement and any other “keepwell, support or other agreement” provided for the benefit of
such Guarantor and any and all guarantees of such Guarantor’s Swap Obligations by other Loan Parties) at the time such Guarantee
Obligation of such Guarantor, or the grant by such Guarantor of such Lien, becomes effective with respect to such Swap Obligation. If
such a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of
such Swap Obligation that is attributable to swaps for which such Guarantee Obligation or Lien is or becomes excluded in accordance with
the first sentence of this definition.

 

“Excluded Taxes”:
any of the following Taxes imposed on or with respect to a Recipient or required to be withheld or deducted from a payment to a Recipient,
(a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in any such case (i)
imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender,
its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof), or (ii) that are
Other Connection Taxes; (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of
such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender
acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under Section 2.21)
or (ii) such Lender changes its lending office, except in each case to the extent that, pursuant to Section 2.18, amounts with
respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such
Lender immediately before it changed its lending office; (c) Taxes attributable to such Recipient’s failure to comply with Section
2.18(f); and (d) any withholding Taxes imposed under FATCA.

 

“Facility and
Facilities”: each or all of (as applicable) (a) the Term Facility, (b) the L/C Facility (which is a subfacility of the Revolving
Facility), and (c) the Revolving Facility.

 

“FASB ASC”:
the Accounting Standards certification of the Financial Accounting Standards Board.

 

    20

     

    

 

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

 

“Federal Funds
Effective Rate”: for any day, 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 on the next succeeding 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 the day of
such transactions received by Administrative Agent from three federal funds brokers of recognized standing selected by it.

 

“Fee Letter”:
that certain Fee Letter, dated November 1, 2021, among the Borrower, BMO Capital Markets Corp. and BMO.

 

“Financial Covenant
Event of Default”: as defined in Section 8.1(c).

 

“Financial Covenant
Test Condition”: as of any date of determination, the sum of (i) the aggregate principal amount of all outstanding
Revolving Loans and Swingline Loans and (ii) the aggregate principal amount of all outstanding drawn and undrawn Letters of Credit
(other than Letters of Credit that have been cash collateralized), exceeds 30% of the aggregate amount of all Revolving Commitments as
of such date.

 

“First Tier Foreign
Subsidiary”: at any date of determination with respect to a Loan Party, each direct Foreign Subsidiary in which such Loan
Party, owns directly more than 50%, in the aggregate, of the Voting Stock of such Foreign Subsidiary.

 

“First Tier Foreign
Subsidiary Holding Company”: at any date of determination with respect to any Loan Party, each direct Domestic Subsidiary
of such Loan Party substantially all of the assets of which consist of Equity Interests (or Equity Interests and debt interests) of Foreign
Subsidiaries and assets incidental thereto.

 

“Flood Insurance
Laws”: (i) the National Flood Insurance Act of 1968 as now or hereafter in effect or any successor statute thereto, (ii)
the Flood Disaster Protection Act of 1973 as now or hereafter in effect or any successor statute thereto, (iii) the National Flood Insurance
Reform Act of 1994 (amending 42 USC 4001, et seq.), as the same may be amended or recodified from time to time, and (iv) the Flood Insurance
Reform Act of 2004 and any regulations promulgated thereunder.

 

“Floor”:
the benchmark rate floor, if any, provided in this Agreement initially (as of the execution of this Agreement, the modification, amendment
or renewal of this Agreement or otherwise) with respect to the Eurodollar Base Rate.

 

“Flow of Funds
Agreement”: the letter agreement between the Borrower and the Administrative Agent regarding the disbursement of Loan proceeds
on the Closing Date (which shall include any proposed disbursements by the Administrative Agent to consummate the Transactions), the funding
and the payment of the Administrative Agent’s reasonable and documented expenses and the reasonable and documented expenses of the
Administrative Agent’s counsel and the Borrower’s counsel, and such other matters as may be agreed to by the Borrower and
the Administrative Agent, in form and substance satisfactory to the Administrative Agent.

 

“Foreign Currency”:
lawful money of a country other than the United States.

 

“Foreign Disposition”:
as defined in Section 2.10(d).

 

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“Foreign
Investment Limit”: at any time, with respect to all of the Loan Parties and in respect of (a) the aggregate amount of
all Investments (other than Investments that are intercompany Indebtedness) made by any Loan Party in any Subsidiary (including any
Foreign Subsidiary) that is not a Loan Party, in each case to the extent such Investments are made on or after the Closing Date and
remain outstanding at such time, (b) the aggregate amount of all intercompany Indebtedness incurred by any Subsidiary (including any
Foreign Subsidiary) that is not a Loan Party and owing to a Loan Party, in each case to the extent such intercompany Indebtedness is
incurred on or after the Closing Date and remains outstanding at such time, (c) the aggregate amount of all Restricted Payments made
on or after the Closing Date by any Loan Party to any Subsidiary (including any Foreign Subsidiary) that is not a Loan Party, (d)
the aggregate amount of all Dispositions made on or after the Closing Date by any Loan Party to any Subsidiary (including any
Foreign Subsidiary) that is not a Loan Party and (e) without duplication, the book value of the assets of any Loan Party that is
merged or consolidated with or into any Subsidiary (including any Foreign Subsidiary) that is not a Loan Party if the surviving
entity in such merger is not, or does not immediately become, a Loan Party, an aggregate amount for all of the foregoing clauses (a)
through (e) in an amount not exceeding 15% of Consolidated Total Current Assets (measured as of the date of the financial statements
most recently delivered to the Administrative Agent pursuant to Section 6.1 (or, prior to the date financial statements are
first delivered to the Administrative Agent pursuant to Section 6.1, as set forth in the Pro Forma Financial
Statements)).

 

“Foreign Law Pledge
Agreement”: in respect of the grant by any Loan Party to the Administrative Agent (for the ratable benefit of the Secured
Parties) of a Lien on certain of the Equity Interests in any First Tier Foreign Subsidiary owned by such Loan Party any pledge agreement
(however designated) reasonably required by the Administrative Agent to be prepared under the laws of the foreign jurisdiction in which
such First Tier Foreign Subsidiary is organized and executed by such Loan Party (and, as applicable, such First Tier Foreign Subsidiary)
for the purpose of creating, perfecting and otherwise protecting such Lien to the maximum extent possible under the laws of such foreign
jurisdiction.

 

“Foreign Lender”:
a Lender that is not a U.S. Person.

 

“Foreign Pledge
Documents”: collectively, in respect of the grant by any Loan Party to the Administrative Agent (for the ratable benefit
of the Secured Parties) of a Lien on certain of the Equity Interests in any First Tier Foreign Subsidiary owned by such Loan Party, any
related Foreign Law Pledge Agreement, any related filings, an opinion delivered by local counsel in the foreign jurisdiction in which
such First Tier Foreign Subsidiary is organized and addressing the effectiveness of the pledge by such Loan Party to the Administrative
Agent (for the ratable benefit of the Secured Parties) of the pledged Equity Interests in such First Tier Foreign Subsidiary having been
issued to such Loan Party, any related authorizing resolutions adopted by the Board of Directors (or equivalent) of such Loan Party in
connection with such pledge, any amendments to the organizational documents of such First Tier Foreign Subsidiary required by the Administrative
Agent to facilitate the pledge by such Loan Party to the Administrative Agent (for the ratable benefit of the Secured Parties) of such
pledged Equity Interests, and any other agreements, documents, instruments, notices, filings or other items reasonably required by the
Administrative Agent to be executed and/or delivered in connection with any of the foregoing.

 

“Foreign Subsidiary”:
in respect of any Loan Party, any Subsidiary of such Loan Party that is not a Domestic Subsidiary of such Loan Party.

 

“Fronting Exposure”:
at any time there is a Defaulting Lender, as applicable, (a) with respect to the Issuing Lenders, such Defaulting Lender’s L/C Percentage
of the outstanding L/C Exposure other than L/C Exposure as to which such Defaulting Lender’s participation obligation has been reallocated
to other Lenders or Cash Collateralized in accordance with the terms hereof, and (b) with respect to the Swingline Lender, such Defaulting
Lender’s Revolving Percentage of outstanding Swingline Loans made by the Swingline Lender other than Swingline Loans as to which
such Defaulting Lender’s participation obligation has been reallocated to other Lenders.

 

“Fund”:
any Person (other than a natural Person (or a holding company, investment vehicle or trust for, owned and operated for the primary benefit
of, a natural Person)) that is (or will be) engaged in making, purchasing, holding or otherwise investing in commercial loans, bonds and
similar extensions of credit in the ordinary course of its activities.

 

“Funding Office”:
the Revolving Loan Funding Office or the Term Loan Funding Office, as the context requires.

 

“FX
Contract”: is any foreign exchange contract by and between the Borrower or another Group Member, on the one hand, and
any Bank Services Provider, on the other hand, under which the Borrower or such other Group Member, as applicable, commits to
purchase from or sell to such Bank Services Provider a specific amount of a currency other than Dollars on a specified date.

 

    22

     

    

 

“GAAP”:
generally accepted accounting principles in the United States as in effect from time to time; provided that, if any “Accounting
Change” (as defined below) shall occur and such change results in a change in the method of calculation of any financial covenants,
standards or terms in this Agreement, then each party to this Agreement agrees, if requested by the Borrower or the Required Lenders in
writing, to enter into negotiations to amend such provisions of this Agreement so as to reflect equitably such Accounting Changes with
the desired result that the criteria for evaluating the Borrower’s financial condition shall be the same after such Accounting Changes
as if such Accounting Changes had not been made. Until such time as such an amendment shall have been executed and delivered by the Borrower,
the Administrative Agent and the Required Lenders, all financial covenants, standards and terms in this Agreement shall continue to be
calculated or construed as if such Accounting Changes had not occurred. “Accounting Changes” refers to changes
in accounting principles required by the promulgation of any rule, regulation, pronouncement or opinion by the Financial Accounting Standards
Board of the American Institute of Certified Public Accountants or, if applicable, the SEC.

 

“Governmental
Approval”: any consent, authorization, approval, order, license, franchise, permit, certificate, accreditation, registration,
filing or notice, of, issued by, from or to, or other act by or in respect of, any Governmental Authority.

 

“Governmental
Authority”: the government of the United States of America or any other nation, or of any political subdivision thereof,
whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive,
legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national
bodies such as the European Union or the European Central Bank) and any group or body charged with setting accounting or regulatory capital
rules or standards (including the Financial Standards Board, the Bank for International Settlements, the Basel Committee on Banking Supervision
and any successor or similar authority to any of the foregoing).

 

“Group Members”:
the collective reference to the Borrower and its Subsidiaries.

 

“Guarantee and
Collateral Agreement”: the Amended and Restated Guarantee and Collateral Agreement, dated as of March 15, 2021, by the Borrower
and each Guarantor in favor of the Administrative Agent, as amended, restated, amended and restated, supplemented or otherwise modified
from time to time.

 

“Guarantee Obligation”:
as to any Person (the “guaranteeing person”), any obligation, including a reimbursement, counterindemnity or
similar obligation, of the guaranteeing person that guarantees or in effect guarantees, or which is given to induce the creation of a
separate obligation by another Person (including any bank under any letter of credit) that guarantees or in effect guarantees, any Indebtedness,
leases, dividends or other obligations (the “primary obligations”) of any other third Person (the “primary
obligor”) in any manner, whether directly or indirectly, including any obligation of the guaranteeing person, whether or
not contingent, (i) to purchase any such primary obligation or any property constituting direct or indirect security therefor, (ii) to
advance or supply funds (1) for the purchase or payment of any such primary obligation or (2) to maintain working capital or equity capital
of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor, (iii) to purchase property, securities
or services primarily for the purpose of assuring the owner of any such primary obligation of the ability of the primary obligor to make
payment of such primary obligation or (iv) otherwise to assure or hold harmless the owner of any such primary obligation against loss
in respect thereof; provided that the term Guarantee Obligation shall not include endorsements of instruments for deposit or collection
in the ordinary course of business. The amount of any Guarantee Obligation of any guaranteeing person shall be deemed to be the lower
of (a) an amount equal to the stated or determinable amount of the primary obligation in respect of which such Guarantee Obligation is
made and (b) the maximum amount for which such guaranteeing person may be liable pursuant to the terms of the instrument embodying such
Guarantee Obligation, unless such primary obligation and the maximum amount for which such guaranteeing person may be liable are not stated
or determinable, in which case the amount of such Guarantee Obligation shall be such guaranteeing person’s maximum reasonably anticipated
liability in respect thereof as determined by the Borrower in good faith.

 

    23

     

    

 

“Guarantors”:
a collective reference to the Borrower and each Subsidiary of the Borrower which has become a Guarantor pursuant to the Guarantee and
Collateral Agreement. Notwithstanding the foregoing or any contrary provision herein or in any other Loan Document, no Excluded Foreign
Subsidiary shall be a Guarantor.

 

“IBA:
has the meaning specified in Section 2.25.

 

“Incremental Cap”:
means, as of any date of determination, the sum of:

 

(I)     (a)      the greater of $56,250,000
and 75% of Consolidated EBITDA (calculated on a Pro Forma Basis) for the latest four fiscal quarter period for which financial statements
have been delivered pursuant to Section 6.1; plus

 

(b)       the
sum of the aggregate principal amount of all voluntary prepayments of Loans (and in the case of any Revolving Loans, a corresponding commitment
reduction) (other than, in each case, prepayments, redemptions, repurchases and commitment reductions with the proceeds of (x) Permitted
Refinancing Indebtedness, (y) Indebtedness, the proceeds of which are used to refinance the Term Loans or Revolving Loans and (z) other
long-term Indebtedness (other than revolving indebtedness)); minus

 

(c)        the
sum of aggregate principal amount of all Incremental Loans and the principal amount of all Incremental Revolving Credit Commitments outstanding
at such time that was incurred in reliance on the foregoing clauses (I)(a) and/or (I)(b); plus

 

(II)(a)in the case of
any Incremental Loan secured by the Collateral on a pari passu basis with the Obligations, the maximum aggregate principal amount
that can be incurred without causing the Consolidated First Lien Leverage Ratio to exceed the greater of (i) 3.50 to 1.00 for the latest
four fiscal quarter period for which financial statements have been delivered pursuant to Section 6.1 as of such date and (ii)
if such Incremental Loan is used to finance a Permitted Acquisition, the Consolidated First Lien Leverage Ratio immediately prior to the
incurrence of such Incremental Loan;

 

(b)       in
the case of any Incremental Loan secured by the Collateral on a junior basis to the Obligations, the maximum aggregate principal amount
that can be incurred without causing the Consolidated Secured Leverage Ratio to exceed the greater of (x) 3.75 to 1.00 for the most recently
ended four fiscal quarter period for which financial statements have been delivered pursuant to Section 6.1 as of such date and
(y) if such Incremental Loan is used to finance a Permitted Acquisition, the Consolidated Secured Leverage Ratio immediately prior to
the incurrence of such Incremental Loan; and

 

(c)       in
the case of any Incremental Loan that is unsecured, the maximum aggregate principal amount that can be incurred without causing the Consolidated
Leverage Ratio to exceed the greater of (x) 4.00 to 1.00 for the latest four fiscal quarter period for which financial statements have
been delivered pursuant to Section 6.1 and (y) if such Incremental Loan is to be used to finance a Permitted Acquisition, the Consolidated
Leverage Ratio immediately prior to the incurrence of such Incremental Loan.

 

Any ratio calculated for purposes of determining
the “Incremental Cap” shall be calculated on a Pro Forma Basis after giving effect to the incurrence of any Incremental Loan
and the use of proceeds thereof. Indebtedness may be incurred under both clauses (I) and (II), and proceeds from any such incurrence may
be utilized in a single transaction by first calculating the incurrence under clause (II) above and then calculating the incurrence under
clause (I) above (if any) (or, at the Borrower’s election, vice versa) (and if both clauses (I) and (II) are available and the Borrower
does not make an election, the Borrower will be deemed to have elected clause (II)); provided that any such Indebtedness originally
incurred in reliance on clause (I) above shall cease to be deemed outstanding under clause (I) and shall instead be deemed to be outstanding
pursuant to clause (II) above from and after the first date on which the Borrower could have incurred the aggregate principal amount of
such Indebtedness in reliance on clause (II) above.

 

“Increase Effective
Date”: has the meaning specified in Section 2.24(c).

 

“Incremental Loans”:
has the meaning specified in Section 2.24(a).

 

    24

     

    

 

“Incremental Revolving
Credit Commitment”: has the meaning specified in Section 2.24(a).

 

“Incremental Revolving
Loans”: has the meaning specified in Section 2.24(a).

 

“Incremental Term
Loan” and “Incremental Term Loans”: have the meanings specified in Section 2.24(a).

 

“Indebtedness”:
of any Person at any date, without duplication, (a) all indebtedness of such Person for borrowed money, (b) all obligations of such Person
for the deferred purchase price of property or services (other than trade payables incurred in the ordinary course of such Person’s
business); (c) all obligations of such Person evidenced by notes, bonds, debentures or other similar instruments; (d) all indebtedness
created or arising under any conditional sale or other title retention agreement with respect to property acquired by such Person (even
though the rights and remedies of the seller or lender under such agreement in the event of default are limited to repossession or sale
of such property); (e) all Capital Lease Obligations and all Synthetic Lease Obligations of such Person; (f) all obligations of such Person,
contingent or otherwise, as an account party or applicant under or in respect of acceptances, letters of credit, surety bonds or similar
arrangements; (g) all Guarantee Obligations of such Person in respect of obligations of the kind referred to in clauses (a) through (f)
above, (h) all obligations of the kind referred to in clauses (a) through (g) above secured by (or for which the holder of such obligation
has an existing right, contingent or otherwise, to be secured by) any Lien on property (including accounts and contract rights) owned
by such Person, whether or not such Person has assumed or become liable for the payment of such obligation (but only to the extent of
such Lien if such Indebtedness is non-recourse), and (i) the net obligations of such Person in respect of Swap Agreements. The Indebtedness
of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general partner)
to the extent such Person is liable therefor as a result of such Person’s ownership interest in or other relationship with such
entity, except to the extent the terms of such Indebtedness expressly provide that such Person is not liable therefor.

 

“Indemnified Taxes”:
(a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of any Loan Party
under any Loan Document and (b) to the extent not otherwise described in (a), Other Taxes.

 

“Indemnitee”:
is defined in Section 10.5(b).

 

“Initial Term
Commitment”: as to any Term Lender, the obligation of such Lender to make one or more Initial Term Loans hereunder on the
Closing Date under this Agreement in an aggregate principal amount not to exceed, with respect to a particular Lender, the respective
amount set forth opposite such Lender’s name under the heading “Initial Term Commitment” on Schedule 1.1A. The
original aggregate principal amount of the Initial Term Commitments as of the Closing Date is $350,000,000.

 

“Initial Term
Lender”: each Lender that has an Initial Term Commitment or that holds an Initial Term Loan.

 

“Initial Term
Loan”: any of the term loans made by the Initial Term Lenders to the Borrower pursuant to Section 2.1.

 

“Initial Term
Percentage”: as to any Initial Term Lender at any time, the percentage which the amount of such Lender’s aggregate
respective Initial Term Commitments then constitutes of the aggregate Initial Term Commitments of all of the Initial Term Lenders at such
time or, at any time from and after the Closing Date, the percentage which the respective aggregate principal amount of such Lender’s
Initial Term Loans then outstanding constitutes of the aggregate principal amount of the Initial Term Loans of all of the Initial Term
Lenders then outstanding.

 

“Insider Indebtedness”:
any Indebtedness referred to in clauses (a) or (c) of the definition of “Indebtedness” owing by any Loan Party to any Group
Member or officer, director, shareholder or employee of any Group Member.

 

“Insider Subordinated
Indebtedness”: is any Insider Indebtedness which is also Subordinated Indebtedness.

 

    25

     

    

 

“Insolvency Proceeding”:
is (a) any case, action or proceeding before any court or other Governmental Authority relating to bankruptcy, reorganization, insolvency,
liquidation, receivership, dissolution, winding-up or relief of debtors, or (b) any general assignment for the benefit of creditors, composition,
marshalling of assets for creditors, or other, similar arrangement in respect of any Person’s creditors generally or any substantial
portion of such Person’s creditors, in each case undertaken under U.S. Federal, state or foreign law, including any Debtor Relief
Law.

 

“Intellectual
Property”: the collective reference to all rights, priorities and privileges relating to intellectual property, whether
arising under United States, multinational or foreign laws or otherwise, including Copyrights, Copyright Licenses, Patents, Patent Licenses,
Trademarks, Trademark Licenses, technology, know-how and processes, and all rights to sue at law or in equity for any infringement or
other impairment thereof, including the right to receive all proceeds and damages therefrom.

 

“Intellectual
Property Security Agreement”: an intellectual property security agreement entered into between a Loan Party and the Administrative
Agent (for the ratable benefit of the Secured Parties) pursuant to the terms of the Guarantee and Collateral Agreement, together with
each other intellectual property security agreement and supplement thereto delivered pursuant to Section 6.11, in each case as
amended, restated, supplemented or otherwise modified from time to time.

 

“Interest Payment
Date”: (a) as to any ABR Loan (including any Swingline Loan), the first Business Day of each calendar month to occur while
such Loan is outstanding and the final maturity date of such Loan, (b) as to any Eurodollar Loan having an Interest Period of three months
or less, the last Business Day of such Interest Period, (c) as to any Eurodollar Loan having an Interest Period longer than three months,
each day that is three months (or, if such day is not a Business Day, the Business Day next succeeding such date) after the first day
of such Interest Period and the last Business Day of such Interest Period, and (d) as to any Loan (other than any Revolving Loan that
is an ABR Loan and any Swingline Loan), the date of any repayment or prepayment made in respect thereof.

 

“Interest Period”:
as to any Eurodollar Loan, (a) initially, the period commencing on the borrowing or conversion date, as the case may be, with respect
to such Eurodollar Loan and ending one, two, three or six months thereafter, as selected by the Borrower in its Notice of Borrowing or
Notice of Conversion/Continuation, as the case may be, given with respect thereto; and (b) thereafter, each period commencing on the last
day of the next preceding Interest Period applicable to such Eurodollar Loan and ending one, two, three or six months thereafter, as selected
by the Borrower by irrevocable notice to the Administrative Agent in a Notice of Conversion/Continuation not later than 12:00 P.M., Central
time, on the date that is three Business Days prior to the last day of the then current Interest Period with respect thereto; provided
that all of the foregoing provisions relating to Interest Periods are subject to the following:

 

(i)       if
any Interest Period would otherwise end on a day that is not a Business Day, such Interest Period shall be extended to the next succeeding
Business Day unless the result of such extension would be to carry such Interest Period into another calendar month in which event such
Interest Period shall end on the immediately preceding Business Day;

 

(ii)       the
Borrower may not select an Interest Period under a particular Facility that would extend beyond the Revolving Termination Date (in the
case of Revolving Facility) or beyond the Term Loan Maturity Date (in the case of Term Loans);

 

(iii)       any
Interest Period that begins on the last Business Day of a calendar month (or on a day for which there is no numerically corresponding
day in the calendar month at the end of such Interest Period) shall end on the last Business Day of a calendar month; and

 

(iv)       the
Borrower shall select Interest Periods so as not to require a payment or prepayment of any Eurodollar Loan during an Interest Period for
such Loan.

 

    26

     

    

 

“Interim Financial
Statements”: the unaudited consolidated financial statements of the Borrower for the nine-month period ended June 30, 2021
and the Target Parties for the eight-month period ended August 31, 2021 (as presented on an unaudited basis by management of the Targets
to the Borrower).

 

“Inventory”:
all “inventory,” as such term is defined in the UCC, now owned or hereafter acquired by any Loan Party, wherever located,
and in any event including inventory, merchandise, goods and other personal property that are held by or on behalf of any Loan Party for
sale or lease or are furnished or are to be furnished under a contract of service, or that constitutes raw materials, work in process,
finished goods, returned goods, or materials or supplies of any kind used or consumed or to be used or consumed in such Loan Party’s
business or in the processing, production, packaging, promotion, delivery or shipping of the same, including all supplies and embedded
software.

 

“Investments”:
as defined in Section 7.7.

 

“Immaterial Subsidiary”
means each Subsidiary of Borrower that does not qualify as a Material Subsidiary.

 

“IRS”:
the Internal Revenue Service, or any successor thereto.

 

“ISDA Definitions”:
the 2006 ISDA Definitions published by the International Swaps and Derivatives Association, Inc. or any successor thereto, as amended
or supplemented from time to time, or any successor definitional booklet for interest rate derivatives published from time to time by
the International Swaps and Derivatives Association, Inc. or such successor thereto.

 

“ISP”:
with respect to any Letter of Credit, the “International Standby Practices 1998” published by the Institute of International
Banking Law & Practice (or such later version thereof as may be in effect at the time of issuance).

 

“Issuing Lender”:
as the context may require, (a) BMO, or any Affiliate thereof, in its capacity as issuer of any Letter of Credit and (b) any other Lender
that may become an Issuing Lender pursuant to Section 3.11 or 3.12, with respect to Letters of Credit issued by such Lender.
Any Issuing Lender may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of such Issuing Lender
or other financial institutions, in which case the term “Issuing Lender” shall include any such Affiliate or other financial
institution with respect to Letters of Credit issued by such Affiliate or other financial institution.

 

“Issuing Lender
Fees”: as defined in Section 3.3(a).

 

“Japanese Yen”
and “¥”: the lawful currency of Japan.

 

“Joinder Agreement”
means a Joinder Agreement substantially in the form of Exhibit A.

 

“Judgment Currency”:
as defined in Section 10.19.

 

“L/C Advance”:
each L/C Lender’s funding of its participation in any L/C Disbursement in accordance with its L/C Percentage of the L/C Commitment.

 

“L/C Commitment”:
as to any L/C Lender, the obligation of such L/C Lender, if any, to purchase an undivided interest in the Issuing Lenders’ obligations
and rights under and in respect of each Letter of Credit (including to make payments with respect to draws made under any Letter of Credit
pursuant to Section 3.5(b)) in an aggregate principal amount not to exceed the amount set forth under the heading “L/C Commitment”
opposite such L/C Lender’s name on Schedule 1.1A or in the Assignment and Assumption pursuant to which such L/C Lender
becomes a party hereto, as the amount of any such obligation may be (i) changed from time to time pursuant to the terms hereof, or (ii)
limited by restrictions on availability set forth herein (including Sections 2.4 and 3.1(a)). For the avoidance of doubt,
(x) the original amount of the Total L/C Commitments is $10,000,000, subject to the availability limitations set forth herein, (y) the
Total L/C Commitments are a sublimit of, and not in addition to, the Total Revolving Commitments, and (z) the aggregate amount of the
respective L/C Commitments of the Lenders shall not exceed the amount of the Total L/C Commitments at any time.

 

    27

     

    

 

“L/C Disbursements”:
a payment or disbursement made by any Issuing Lender pursuant to a Letter of Credit.

 

“L/C Exposure”:
at any time, the sum of (a) the Dollar Equivalent of the aggregate undrawn amount of all outstanding Letters of Credit at such
time, plus (b) the Dollar Equivalent of the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted
into Revolving Loans at such time. The L/C Exposure of any L/C Lender at any time shall equal its L/C Percentage of the aggregate L/C
Exposure at such time.

 

“L/C Facility”:
the L/C Commitments and the extensions of credit made thereunder.

 

“L/C Fee Payment
Date”: as defined in Section 3.3(a).

 

“L/C Lender”:
a Lender with an L/C Commitment.

 

“L/C Percentage”:
as to any L/C Lender at any time, the percentage of the Total L/C Commitments represented by such L/C Lender’s L/C Commitment, as
such percentage may be adjusted as provided in Section 2.21.

 

“L/C-Related Documents”:
collectively, each Letter of Credit, all applications for any Letter of Credit (and applications for the amendment of any Letter of Credit)
submitted by the Borrower to any Issuing Lender and any other document, agreement and instrument relating to any Letter of Credit, including
any of such Issuing Lender’s standard form documents for letter of credit issuances.

 

“LCA Intervening
Period”: as defined in Section 1.5.

 

“LCA Test Date”:
as defined in Section 1.5.

 

“Lead Arrangers”:
collectively, each Lead Arranger and Co-Syndication Agent listed on the cover page to this Agreement.

 

“Lenders”:
as defined in the preamble hereto; provided that unless the context otherwise requires, each reference herein to the Lenders shall
be deemed to include the Issuing Lenders and the Swingline Lender.

 

“Letter of Credit”:
as defined in Section 3.1(a).

 

“Letter of Credit
Availability Period”: the period from and including the Closing Date to but excluding the Letter of Credit Maturity Date.

 

“Letter of Credit
Fees”: as defined in Section 3.3(a).

 

“Letter of Credit
Fronting Fees”: as defined in Section 3.3(a).

 

“Letter of Credit
Maturity Date”: the date occurring 30 days prior to the Revolving Termination Date then in effect (or, if such day is not
a Business Day, the next preceding Business Day).

 

“LIBOR”:
as defined in the definition of “Eurodollar Base Rate.”

 

“LIBOR Quoted
Currency”: Dollars, Euro, Yen and Sterling, in each case as long as there is a published LIBOR rate with respect thereto.

 

“Lien”:
any mortgage, deed of trust, pledge, hypothecation, collateral assignment, deposit arrangement, encumbrance, lien (statutory or other),
charge or other security interest or any preference, priority or other security agreement or preferential arrangement of any kind or nature
whatsoever (including any conditional sale or other title retention agreement and any capital lease having substantially the same economic
effect as any of the foregoing).

 

“Limited Condition
Acquisition”: any Permitted Acquisition whose consummation is not conditioned on the availability of, or on obtaining, third-party
financing.

 

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“Loan”:
any loan made or maintained by any Lender pursuant to this Agreement.

 

“Loan Documents”:
this Agreement, each Security Document, each Assignment and Assumption, each Addendum, each Note, the Fee Letter, the Flow of Funds Agreement,
the Closing Date Solvency Certificate, the Collateral Information Certificate, each L/C-Related Document, each Compliance Certificate,
each Notice of Borrowing, each Notice of Conversion/Continuation, and any amendment, waiver, supplement or other modification to any of
the foregoing.

 

“Loan Parties”:
the Borrower and each Guarantor. Notwithstanding the foregoing or any contrary provision herein or in any other Loan Document, no Excluded
Foreign Subsidiary shall be a Loan Party.

 

“Material Adverse
Effect”: the occurrence of any of (i) a material adverse change in, or a material adverse effect on, the operations, business,
assets, properties, liabilities (actual or contingent) or financial condition of the Borrower and its Subsidiaries, taken as a whole;
(ii) a material impairment of the rights and remedies (taken as a whole) of the Administrative Agent or the Lenders under the Loan Documents,
or of the ability of any Loan Party to perform its respective Obligations under the Loan Documents (taken as a whole) to which it is a
party; (iii) a material adverse effect upon the legality, validity, binding effect or enforceability against any Loan Party of the Loan
Documents (taken as a whole) to which it is a party; or (iv) a material impairment in the perfection or priority of the Administrative
Agent’s Lien in the Collateral (held for the ratable benefit of the Secured Parties).

 

“Material Intellectual
Property”: any Intellectual Property that is material to the operation of the business of the Loan Parties, taken as a whole,
after giving effect to any designation, transfer or exclusive license.

 

“Material Real
Property”: any fee-owned real property located in the United States that is owned by any Loan Party and that has a fair
market value in excess of $20,000,000 (as reasonably estimated by the Borrower in good faith).

 

“Materials of
Environmental Concern”: any substance, material or waste that is defined, regulated, governed or otherwise characterized
under any Environmental Law as hazardous or toxic or as a pollutant or contaminant (or by words of similar meaning and regulatory effect),
any petroleum or petroleum products, asbestos, polychlorinated biphenyls, urea-formaldehyde insulation, molds or fungus, and radioactivity,
radiofrequency radiation at levels known to be hazardous to human health and safety.

 

“Material Subsidiary”
means each Subsidiary of the Borrower, which, as of the most recently completed fiscal quarter, (i) contributed greater than 5% of the
Borrower’s Consolidated EBITDA during such period or (ii) accounted for greater than 5% of Consolidated Total Current Assets during
such period; provided that, if at any time the aggregate amount of Consolidated EBITDA or Consolidated Total Current Assets attributable
to all of Borrower’s Subsidiaries that are not Material Subsidiaries exceeds 10% of Consolidated EBITDA for such period or 10% of
Consolidated Total Current Assets as of the end of any such fiscal quarter the Borrower shall designated sufficient Immaterial Subsidiaries
as “Material Subsidiaries” to eliminate such excess, and such designated Subsidiaries shall for all purposes of this Agreement
constitute Material Subsidiaries.

 

“Maximum Rate”:
as defined in Section 10.9.

 

“MFN Protection”:
has the meaning specified in Section 2.24(h).

 

“Minority Lender”:
as defined in Section 10.1(b).

 

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

 

“Mortgages”:
collectively, the deeds of trust, trust deeds and mortgages made by the Loan Parties in favor or for the benefit of the Administrative
Agent on behalf of the Secured Parties creating and evidencing a Lien on a Material Real Property in form and substance reasonably satisfactory
to the Administrative Agent and any other mortgage executed and delivered pursuant to Section 6.11, as the same may from time to
time be amended, restated, amended and restated, supplemented or otherwise modified.

 

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“Mortgaged Properties”:
as defined in Section 6.17.

 

“Multiemployer
Plan”: a “multiemployer plan” (within the meaning of Section 3(37) of ERISA) to which any Loan Party or any
ERISA Affiliate thereof makes, is making, or is obligated to make, contributions, or to which any Loan Party or any ERISA Affiliate thereof
may have any liability.

 

“Net Cash Proceeds”:
(a) in connection with any Disposition of property or series of related Dispositions of property the proceeds thereof in the form of cash
and Cash Equivalents (including any such proceeds received by way of deferred payment of principal pursuant to a note or installment receivable
or purchase price adjustment receivable or otherwise, but only as and when received), net of (w) attorneys’ fees, accountants’
fees, investment banking fees, amounts required to be applied to the repayment of Indebtedness secured by a Lien expressly permitted hereunder
on any asset that is the subject of such Disposition (other than any Lien pursuant to a Security Document) and other customary costs,
fees and expenses actually incurred in connection therewith, (x) taxes paid and such Person’s reasonable and good faith estimate
of income, franchise, sales, and other applicable taxes required to be paid by such Person in connection with such Disposition in the
taxable year that such Disposition is consummated, the computation of which shall, in each such case, take into account the reduction
in tax liability resulting from any available operating losses and net operating loss carryovers, tax credits, and tax credit carry forwards,
and similar tax attributes, (y) the amount of any reasonable reserve established in accordance with GAAP against any liabilities (other
than any taxes deducted pursuant to clause (x) above) (A) associated with the assets that are the subject of such event and (B)
retained by any Group Member, provided that the amount of any subsequent reduction of such reserve (other than in connection with
a payment in respect of any such liability) shall be deemed to be Net Cash Proceeds of such event occurring on the date of such reduction
and (z) the pro rata portion of the Net Cash Proceeds thereof (calculated without regard to this clause (z)) attributable to minority
interests and not available for distribution to or for the account of any Group Member as a result thereof, and (b) in connection with
any issuance or sale of Capital Stock or any incurrence of Indebtedness, the cash proceeds received from such issuance or incurrence,
net of attorneys’ fees, investment banking fees, accountants’ fees, underwriting discounts and commissions and other customary
costs, fees and expenses actually incurred (or reasonably expected to be incurred) in connection therewith.

 

“Non-Consenting
Lender”: any Lender that does not approve any consent, waiver or amendment that (a) requires the approval of all (or all
affected) Lenders in accordance with the terms of Section 10.1 and (b) has been approved by the Required Lenders.

 

“Non-Defaulting
Lender”: at any time, each Lender that is not a Defaulting Lender at such time.

 

“Non-LIBOR Quoted
Currency”: any currency other than a LIBOR Quoted Currency.

 

“Note”:
a Term Loan Note, a Revolving Loan Note or a Swingline Loan Note.

 

“Notice of Borrowing”:
a notice substantially in the form of Exhibit I.

 

“Notice of Conversion/Continuation”:
a notice substantially in the form of Exhibit J.

 

“Obligations”:
(a) the unpaid principal of and interest on (including interest accruing after the maturity of the Loans and interest accruing after
the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to any
Loan Party, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) the Loans and all other
obligations and liabilities of the Loan Parties to the Administrative Agent, any Issuing Lender, any other Lender, any Bank Services
Provider (in its or their capacity as provider of Bank Services and/or FX Contracts), and any Qualified Counterparty party to a
Specified Swap Agreement, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter
incurred, which may arise under, out of, or in connection with, this Agreement, any other Loan Document (including, for the
avoidance of doubt, any Bank Services Agreement), the Letters of Credit, any Specified Swap Agreement or any other document made,
delivered or given in connection herewith or therewith, whether on account of principal, interest, reimbursement obligations,
payment obligations, fees, indemnities, costs, expenses (including all reasonable and documented fees, charges and disbursements of
counsel to the Administrative Agent, any Issuing Lender, any other Lender, any Bank Services Provider, to the extent that any
applicable Bank Services Agreement or FX Contract requires the reimbursement by any applicable Group Member of any such expenses),
and any Qualified Counterparty party to a Specified Swap Agreement that are required to be paid by any Loan Party pursuant any Loan
Document, Bank Services Agreement or FX Contract or otherwise, and (b) any obligations of any other Group Member arising in
connection with any Bank Services Agreement or FX Contract. For the avoidance of doubt, the Obligations shall not include solely
with respect to any Guarantor that is not a Qualified ECP Guarantor, any Excluded Swap Obligations of such Guarantor.

 

    30

     

    

 

 

“OFAC”:
the Office of Foreign Assets Control of the United States Department of the Treasury and any successor thereto.

 

“Operating Documents”:
for any Person as of any date, such Person’s constitutional documents, formation documents and/or certificate of incorporation (or
equivalent thereof), as certified (if applicable) by such Person’s jurisdiction of formation as of a recent date, and, (a) if such
Person is a corporation, its bylaws or memorandum and articles of association (or equivalent thereof) in current form, (b) if such Person
is a limited liability company, its limited liability company agreement (or similar agreement), and (c) if such Person is a partnership,
its partnership agreement (or similar agreement), each of the foregoing with all current amendments or modifications thereto.

 

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

 

“Other Taxes”:
all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from any payment made under,
from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under,
or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment
(other than an assignment made pursuant to Section 2.21).

 

“Participant”:
as defined in Section 10.6(d).

 

“Participant Register”:
as defined in Section 10.6(d).

 

“Patent License”:
any written agreement which (a) names a Loan Party as licensor or licensee and (b) grants to such Loan Party any right under a Patent
owned by a third party, including the right to manufacture, use or sell any invention covered in whole or in part by such Patent, including
any such agreements referred to on Schedule 6 of the Guarantee and Collateral Agreement.

 

“Patents”:
(a) all letters patent of the United States, any other country or any political subdivision thereof, all reissues and extensions thereof
and all goodwill associated therewith, including any of the foregoing referred to on Schedule 6 of the Guarantee and Collateral Agreement,
(b) all applications for letters patent of the United States or any other country and all divisions, continuations and continuations-in-part
thereof, including, without limitation, any of the foregoing referred to on Schedule 6 of the Guarantee and Collateral Agreement, and
(c) all rights to obtain any reissues or extensions of the foregoing.

 

“Patriot Act”:
the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT ACT) Act
of 2001, Title III of Pub. L. 107-56, signed into law October 26, 2001.

 

“PBGC”:
the Pension Benefit Guaranty Corporation, or any successor thereto.

 

“Pension
Plan”: an employee pension plan (as defined in Section 3(2) of ERISA) other than a Multiemployer Plan that is subject
to the provisions of Title IV of ERISA or Sections 412 and 430 of the Code or Sections 302 and 303 of ERISA and in respect of which
any Loan Party or any ERISA Affiliate thereof is (or if such plan were terminated would under Section 4069 of ERISA be deemed to be)
a “contributing sponsor” as defined in Section 4001(a)(13) of ERISA.

 

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“Permitted Acquisition”:
is any purchase or other acquisition by any Group Member of the Capital Stock in a Person that, upon the consummation thereof, will be
a Subsidiary (including as a result of a merger or consolidation from which a Loan Party is the continuing or surviving Person) or all
or substantially all of the assets of, or assets constituting one or more business units of, any Person; provided that, with respect
to each such purchase or other acquisition:

 

(i)       the
newly-created or acquired Subsidiary (or assets acquired in connection with an asset sale) shall (A) be in a line of business permitted
pursuant to Section 7.16 and (B) have its primary business activities (I) in the United States or Canada or (II) if total acquisition
consideration (including the maximum amount of Earn Out Obligations) is less than $100,000,000, any other country that is not a Designated
Jurisdiction;

 

(ii)       all
transactions related to such purchase or acquisition shall be consummated in all material respects in accordance with all Requirements
of Law;

 

(iii)       no
Loan Party shall, as a result of or in connection with any such purchase or acquisition, assume or incur any direct or contingent liabilities
(whether relating to environmental, tax, litigation or other matters) that, as of the date of such purchase or acquisition, could reasonably
be expected to result in the existence or incurrence of a Material Adverse Effect;

 

(iv)       [reserved];

 

(v)       [reserved];

 

(vi)       any
such newly-created or acquired Subsidiary, or the Loan Party that is the acquirer of assets in connection with an asset acquisition, shall
comply with the requirements of Section 6.11 to the extent applicable, except to the extent compliance with Section 6.11
is prohibited by pre-existing Contractual Obligations or Requirements of Law binding on such Subsidiary or its properties;

 

(vii)       immediately
before and immediately after giving effect to any such purchase or other acquisition, no Default or Event of Default shall have occurred
and be continuing;

 

(viii)       [reserved];

 

(ix)       no
Indebtedness is assumed or incurred in connection with any such purchase or acquisition other than Indebtedness permitted by the terms
of Section 7.2; and

 

(x)       such
purchase or acquisition shall not constitute an Unfriendly Acquisition.

 

“Permitted Encumbrance”:
is, with respect to each fee-owned or leasehold real property of any Group Member (or similar property interests under local law), any
lien, encumbrance or other matter affecting title, zoning, building codes, land use and other similar Requirements of Law and municipal
ordinances and other similar items, which in any such case, do not impair, in any material respect, the use or ownership of such property
for its intended purpose, in the ordinary course of business.

 

“Permitted
Refinancing Indebtedness”: Indebtedness of any Person (“Refinancing Indebtedness”) issued or
incurred by such Person (including by means of the extension or renewal of existing Indebtedness) to refinance, refund, extend,
renew or replace existing Indebtedness of such Person (“Refinanced Indebtedness”); provided that
(a) the principal amount of such Refinancing Indebtedness is not greater than the principal amount of such Refinanced Indebtedness plus
the amount of any premiums or penalties and accrued and unpaid interest paid thereon and reasonable fees and expenses, in each case
associated with such Refinancing Indebtedness, (b) such Refinancing Indebtedness has a final maturity that is no sooner than, and a
Weighted Average Life to Maturity that is no shorter than, such Refinanced Indebtedness, (c) if such Refinanced Indebtedness or any
Guarantee Obligation thereof or any security therefor are subordinated to the Obligations, such Refinancing Indebtedness and any
Guarantee Obligations thereof and any security therefor remain so subordinated on terms no less favorable to the Lenders and the
other Secured Parties, (d) the obligors in respect of such Refinanced Indebtedness immediately prior to such refinancing, refunding
extension, renewal or replacement are the only obligors on such Refinancing Indebtedness and (e) any Guarantee Obligations which
constitute all or a portion of such Refinancing Indebtedness, taken as a whole, are determined in good faith by a Responsible
Officer of such Person to be no less favorable to such Person and the Lenders and the other Secured Parties in any material respect
than the covenants and events of default or Guarantee Obligations, if any, applicable to such Refinanced Indebtedness.

 

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

 

“Platform”:
is defined in Section 10.2(d)(i).

 

“Pledged Stock”:
as defined in the Guarantee and Collateral Agreement.

 

“Pledge Supplement”:
any Pledge Supplement delivered pursuant to the Guarantee and Collateral Agreement.

 

“Preferred Stock”:
the preferred Capital Stock of any Loan Party.

 

“Prime Rate”:
the rate of interest per annum from time to time published in the money rates Section of the Wall Street Journal or any successor publication
thereto as the “prime rate” then in effect; provided that if such rate of interest, as set forth from time to time
in the money rates Section of the Wall Street Journal, becomes unavailable for any reason as determined by the Administrative Agent, the
“Prime Rate” shall mean the rate of interest per annum announced by BMO as its prime rate in effect at its principal office
in the State of New York (such BMO announced Prime Rate not being intended to be the lowest rate of interest charged by BMO in connection
with extensions of credit to debtors).

 

“Pro Forma Basis”:
with respect to any Disposition of all or substantially all of a division or a line of business or for any acquisition, whether actual
or proposed, for purposes of determining compliance with the financial covenant set forth in Section 7.1, each such transaction
or proposed transaction shall be deemed to have occurred on and as of the first day of the applicable measurement period, and the following
pro forma adjustments shall be made:

 

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

 

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

 

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

 

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

 

To the extent that pro
forma effect is to be given to an acquisition or Disposition of a company, division or line of business, the pro forma calculation
will be calculated in good faith by a responsible financial or accounting officer of such Loan Party in accordance with Regulation
S-X under the Securities Act based upon the most recent four full fiscal quarters for which the relevant financial information is
available.

 

    33

     

    

 

“Pro Forma Financial
Statements”: a pro forma consolidated balance sheet and related pro forma consolidated statement of income of the Borrower
as of and for the twelve-month period ending on June 30, 2021, prepared after giving effect to the Transactions as if the Transactions
had occurred as of such date or at the beginning of such period, as applicable, it being understood that (a) such Pro Forma Financial
Statements shall not include any purchase accounting adjustments and (b) financial information regarding the Target Parties is based on
the consolidated balance sheet and related statement of income of the Target Parties as of, and for the twelve-month period ending on,
June 30, 2021.

 

“Projections”:
as defined in Section 6.2(c).

 

“Properties”:
as defined in Section 4.17(a).

 

“QFC”:
the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C.
5390(c)(8)(D).

 

“QFC Credit Support”:
as defined in Section 10.22.

 

“Qualified Counterparty”:
with respect to any Specified Swap Agreement, any counterparty thereto that, at the time such Specified Swap Agreement was entered into
or as of the date hereof, was the Administrative Agent or a Lender or an Affiliate of the Administrative Agent or a Lender.

 

“Qualified ECP
Guarantor”: in respect of any Swap Obligation, (a) each Guarantor that has total assets exceeding $10,000,000 at the time
the relevant Guarantee Obligation of such Guarantor provided in respect of, or the Lien granted by such Guarantor to secure, such Swap
Obligation (or guaranty thereof) becomes effective with respect to such Swap Obligation, and (b) any other Guarantor that (i) constitutes
an “eligible contract participant” under the Commodity Exchange Act or any regulations promulgated thereunder, or (ii) can
cause another Person (including, for the avoidance of doubt, any other Guarantor not then constituting a “Qualified ECP Guarantor”)
to qualify as an “eligible contract participant” at such time by entering into a “keepwell, support, or other agreement”
as contemplated by Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.

 

“Recipient”:
the Administrative Agent or a Lender, as applicable.

 

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

 

“Refunded Swingline
Loans”: as defined in Section 2.7(b).

 

“Register”:
is defined in Section 10.6(c).

 

“Regulation U”:
Regulation U of the Board as in effect from time to time.

 

“Related Parties”:
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.

 

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

 

“Removal Effective
Date: as defined in Section 9.9(b).

 

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“Replacement Lender”:
as defined in Section 2.21.

 

“Repricing Transaction”:
(a) any prepayment or repayment of the Term Facility with the proceeds of, or any conversion of the Term Facility into, any new or replacement
tranche of Indebtedness incurred to prepay, repay or replace the Term Facility that has or results in an effective interest rate or weighted
average yield (to be determined in the reasonable discretion of the Administrative Agent consistent with generally accepted financial
practices, after giving effect to margins, upfront or similar fees or original issue discount shared with all lenders or holders thereof,
but excluding the effect of any arrangement, structuring, syndication or other fees payable in connection therewith that are not shared
with all lenders or holders thereof) less than the effective interest rate for, or weighted average yield of (to be determined in the
reasonable discretion of the Administrative Agent consistent with generally accepted financial practices, on the same basis as above)
the Term Facility (b) any amendment to the Term Facility which would cause a reduction in the effective interest rate for, or weighted
average yield of, the Term Facility; provided that no Repricing Transaction shall be deemed to have occurred if such transaction
is in connection with a Change of Control.

 

“Required Lenders”:
at least two Lenders who hold more than 50% of the sum of (i) the aggregate unpaid principal amount of the Term Loans then outstanding,
and (ii) the Total Revolving Commitments (including, without duplication, the L/C Commitments) then in effect or, if the Revolving Commitments
have been terminated, the Total Revolving Extensions of Credit then outstanding; provided that (A) the outstanding principal amount
of the Term Loans held by any Defaulting Lender and the Revolving Commitments of, and the portion of the Revolving Loans and participations
in L/C Exposure and Swingline Loans held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination
of Required Lenders and (B) any Lender and its Affiliates shall constitute a single Lender.

 

“Required Revolving
Lenders”: Lenders with Revolving Commitments which aggregate greater than 50.0% of the Total Revolving Commitments, provided
that the Revolving Commitments (or, if the Revolving Commitments have terminated or expired, the Revolving Loans and L/C Exposure and
Swingline Loans) held or deemed held by Defaulting Lenders shall be excluded for purposes of making a determination of Required Revolving
Lenders; provided, further, that the Revolving Commitments (or, if the Revolving Commitments have terminated or expired,
the Revolving Loans and L/C Exposure and Swingline Loans) held or deemed held by a Disqualified Party shall be excluded for purposes of
making a determination of Required Revolving Lenders.

 

“Requirement of
Law”: as to any Person, (a) the Operating Documents of such Person, (b) any law, treaty, rule or regulation or determination
of an arbitrator or a court or other Governmental Authority (including, for the avoidance of doubt, the Basel Committee on Banking Supervision
and any successor thereto or similar authority or successor thereto) and (c) the Dodd-Frank Wall Street Reform and Consumer Protection
Act of 2010, and any rules, regulations, interpretations, guidelines, or directives promulgated thereunder in each case of the foregoing
clauses (a), (b) and (c), applicable to or binding upon such Person or any of its property or to which such Person or any of its property
is subject.

 

“Resignation Effective
Date”: as defined in Section 9.9(a).

 

“Responsible Officer”:
the chief executive officer, president, vice president, chief financial officer, treasurer, controller or comptroller of an applicable
Loan Party, but in any event, with respect to financial matters, the chief financial officer, treasurer, controller or comptroller of
such Loan Party and, solely for purposes of notices given pursuant to Section 2, any other officer or employee of the applicable
Loan Party so designated by any of the foregoing officers in a written notice delivered to the Administrative Agent. Any document delivered
hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary
corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed
to have acted on behalf of such Loan Party.

 

“Restricted Payments”:
as defined in Section 7.6.

 

“Revaluation
Date”: with respect to any (a) Revolving Loan, each date a Eurodollar Loan denominated in an Alternative Currency is
made and/or continued and (b) Letter of Credit, each of the following: (i) a date on or about the date on which the applicable
Issuing Lender receives a request from the Borrower for the issuance of a Letter of Credit denominated in Euros or Canadian Dollars,
(ii) each date of an amendment of any such Letter of Credit having the effect of increasing the amount thereof, (iii) each date of
any payment by any Issuing Lender under any Letter of Credit denominated in Euros or Canadian Dollars, and (iv) during an Event of
Default, such additional dates as the Administrative Agent or any Issuing Lender shall reasonably request.

 

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“Revolving Commitment”:
as to any Lender, the obligation of such Lender, if any, to make Revolving Loans and to participate in Swingline Loans and Letters of
Credit in an aggregate principal amount not to exceed the amount set forth under the heading “Revolving Commitment” opposite
such Lender’s name on Schedule 1.1A or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto,
as the amount of any such obligation may be (a) changed from time to time pursuant to the terms hereof (including (i) in connection with
assignments permitted hereunder, (ii) pursuant to Section 2.9 and (iii) in connection with Incremental Revolving Credit Commitments
pursuant to Section 2.24), or (b) limited by restrictions on availability set forth herein (including in Section 2.4).

 

“Revolving Commitment
Period”: the period from and including the Closing Date to the Revolving Termination Date.

 

“Revolving Excess”:
as defined in Section 2.10(b).

 

“Revolving Extensions
of Credit”: as to any Revolving Lender at any time, an amount equal to the sum of (a) the aggregate principal amount
of all Revolving Loans held by such Lender then outstanding, plus (b) such Lender’s L/C Percentage of the Dollar Equivalent
of the aggregate undrawn amount of all outstanding Letters of Credit at such time, plus (c) such Lender’s L/C Percentage
of the Dollar Equivalent of the aggregate amount of all L/C Disbursements that have not yet been reimbursed or converted into Revolving
Loans at such time, plus (d) such Lender’s Revolving Percentage of the aggregate principal amount of Swingline Loans then
outstanding.

 

“Revolving Facility”:
the Revolving Commitments, any Incremental Revolving Credit Commitments and the extensions of credit made thereunder.

 

“Revolving Lender”:
each Lender that has a Revolving Commitment, an Incremental Revolving Credit Commitment or that holds Revolving Loans.

 

“Revolving Loan
Conversion”: as defined in Section 3.5(b).

 

“Revolving Loan
Funding Office”: the office of the Administrative Agent specified in Section 10.2 or such other office as may be
specified from time to time by the Administrative Agent as its funding office by written notice to the Borrower and the Lenders.

 

“Revolving Loan
Note”: a promissory note in the form of Exhibit H-1, as the same may be amended, supplemented or otherwise modified
from time to time.

 

“Revolving Loans”:
as defined in Section 2.4(a).

 

“Revolving Percentage”:
as to any Revolving Lender at any time, the percentage which such Lender’s Revolving Commitment then constitutes of the Total Revolving
Commitments or, at any time after the Revolving Commitments shall have expired or terminated, the percentage which the aggregate principal
amount of such Lender’s Revolving Loans then outstanding constitutes of the aggregate principal amount of all Revolving Loans then
outstanding; provided that in the event that the Revolving Loans are paid in full prior to the reduction to zero of the Total Revolving
Commitments, the Revolving Percentages shall be determined in a manner designed to ensure that the other outstanding Revolving Extensions
of Credit shall be held by the Revolving Lenders on a comparable basis.

 

“Revolving Termination
Date”: is the date occurring on the five-year anniversary of the Closing Date.

 

“S&P”:
S&P Global Ratings, a division of S&P Global Inc.

 

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“Sale Leaseback
Transaction”: any arrangement with any Person or Persons, whereby in contemporaneous or substantially contemporaneous transactions
a Loan Party sells substantially all of its right, title and interest in any property and, in connection therewith, acquires, leases or
licenses back the right to use all or a material portion of such property.

 

“Sanction(s)”:
any international economic sanction administered or enforced by the United States Government (including OFAC or the U.S. Department of
State), the United Nations Security Council, the European Union, Her Majesty’s Treasury or other relevant sanctions authority.

 

“SEC”:
the Securities and Exchange Commission, any successor thereto and any analogous Governmental Authority.

 

“Secured Obligations”:
as defined in the Guarantee and Collateral Agreement.

 

“Secured Parties”:
the collective reference to the Administrative Agent, the Lenders (including any Issuing Lender in its capacity as an Issuing Lender and
any Swingline Lender in its capacity as Swingline Lender), any Bank Services Provider (in its or their respective capacities as providers
of Bank Services or FX Contracts), and any Qualified Counterparties.

 

“Securities Act”:
the Securities Act of 1933, as amended from time to time and any successor statute.

 

“Security Documents”:
the collective reference to (a) the Guarantee and Collateral Agreement, (b) each Intellectual Property Security Agreement, (c) each Foreign
Pledge Document, (d) all other security documents hereafter delivered to the Administrative Agent granting a Lien on any property of any
Person to secure the Obligations of any Loan Party arising under any Loan Document, (e) each Pledge Supplement, (f) each Assumption Agreement,
(g) each Mortgage, and (h) all financing statements, fixture filings, Patent, Trademark and Copyright filings, assignments, acknowledgments
and other filings, documents and agreements made or delivered pursuant to any of the foregoing.

 

“SOFR”:
means, with respect to any Business Day, a rate per annum equal to the secured overnight financing rate for such Business Day published
by the SOFR Administrator on the SOFR Administrator’s Website on the immediately succeeding Business Day.

 

“SOFR Administrator”:
the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate).

 

“SOFR Administrator’s
Website”: the website of the Federal Reserve Bank of New York, currently at http://www.newyorkfed.org, or any successor
source for the secured overnight financing rate identified as such by the SOFR Administrator from time to time.

 

“Solvent”:
when used with respect to any Person, means that, as of any date of determination, (a) the amount of the “fair value” of the
assets of such Person will, as of such date, exceed the amount of all “liabilities of such Person, contingent or otherwise,”
as of such date, as such quoted terms are determined in accordance with applicable federal and state laws governing determinations of
the insolvency of debtors, (b) the “present fair saleable value” of the assets of such Person will, as of such date, be greater
than the amount that will be required to pay the liability of such Person on its debts as such debts become absolute and matured, as such
quoted terms are determined in accordance with applicable federal and state laws governing determinations of the insolvency of debtors,
(c) such Person will not have, as of such date, an unreasonably small amount of capital with which to conduct its business, and (d) such
Person will be able to pay its debts as they mature. For purposes of this definition, (i) “debt” means liability on a “claim,”
and (ii) “claim” means any (x) right to payment, whether or not such a right is reduced to judgment, liquidated, unliquidated,
fixed, contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured or unsecured or (y) right to an equitable remedy
for breach of performance if such breach gives rise to a right to payment, whether or not such right to an equitable remedy is reduced
to judgment, fixed, contingent, matured or unmatured, disputed, undisputed, secured or unsecured.

 

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“Special Notice
Currency” means at any time an Alternative Currency, other than the currency of a country that is a member of the Organization
for Economic Cooperation and Development at such time located in North America or Europe.

 

“Specified Equity
Contribution”: any cash equity contribution (or equivalent contribution) made to the Borrower in exchange for common stock
of the Borrower; provided that (a) such cash equity contribution (or equivalent contribution) to the Borrower shall occur (x) after
the Closing Date and (y) on or prior to the date that is 15 Business Days after the date on which financial statements are required to
be delivered for a fiscal quarter (or fiscal year) pursuant to Section 6.1, (b) the Borrower identifies such equity contribution
as a “Specified Equity Contribution” in a certificate of a Responsible Officer of the Borrower delivered to the Administrative
Agent, (c) in each four fiscal quarter period, there shall exist at least two fiscal quarters in respect of which no Specified Equity
Contribution shall have been made, (d) no more than five Specified Equity Contributions may be made during the term of this Agreement
and (e) the amount of any Specified Equity Contribution included in the calculation of Consolidated EBITDA hereunder shall be limited
to the amount required to effect or continue compliance with Section 7.1(b) hereof, whether or not the financial covenant in Section
7.1(b) is required to be tested, and such amount shall be added to Consolidated EBITDA solely when calculating Consolidated EBITDA
for purposes of determining compliance with Section 7.1(b).

 

“Specified Representations”:
those representations and warranties made with respect to the U.S. Loan Parties by the Borrower in Section 4.3(a), Section 4.4, Section
4.5 (solely with respect to the Requirement of Law), Section 4.11, Section 4.14 (solely with respect to the Investment Company Act), Section
4.19, Section 4.20, and Section 4.24 (solely with respect to the use of proceeds of the Loans and Letters of Credit).

 

“Specified Swap
Agreement”: any Swap Agreement entered into by the Borrower and any Qualified Counterparty (or any Person who was a Qualified
Counterparty as of the Closing Date or as of the date such Swap Agreement was entered into) in respect of currencies or interest rates.

 

“Sterling”
and “£” mean the lawful currency of the United Kingdom.

 

“Subordinated
Debt Document”: any agreement, certificate, document or instrument executed or delivered by any Loan Party or any of their
respective Subsidiaries and evidencing Subordinated Indebtedness of such Loan Party or such Subsidiary.

 

“Subordinated
Indebtedness”: Indebtedness of a Loan Party subordinated to the Obligations or the Guaranteed Obligations, as applicable,
pursuant to subordination terms (including payment, lien and remedies subordination terms, as applicable) reasonably acceptable to the
Administrative Agent.

 

“Subsidiary”:
as to any Person, a corporation, partnership, limited liability company or other entity of which shares of stock or other ownership interests
having ordinary voting power (other than stock or such other ownership interests having such power only by reason of the happening of
a contingency) to elect a majority of the board of directors or other managers of such corporation, partnership or other entity are at
the time owned, or the management of which is otherwise controlled, directly or indirectly through one or more intermediaries, or both,
by such Person. Unless otherwise qualified, all references to a “Subsidiary” or to “Subsidiaries” in this Agreement
shall refer to a Subsidiary or Subsidiaries of the Borrower.

 

“Supported QFC”:
as defined in Section 10.23.

 

“Swap Agreement”:
any agreement with respect to any swap, hedge, forward, future or derivative transaction or option or similar agreement involving, or
settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial
or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of these
transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided by current
or former directors, officers, employees or consultants of the Borrower and its Subsidiaries shall be deemed to be a “Swap Agreement.”

 

    38

     

    

 

“Swap Obligation”:
with respect to any Guarantor, any obligation of such Guarantor to pay or perform under any agreement, contract or transaction that constitutes
a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act.

 

“Swap Termination
Value”: in respect of any one or more Swap Agreements, after taking into account the effect of any legally enforceable netting
agreement relating to such Swap Agreements, (a) for any date on or after the date any such Swap Agreement has been closed out and termination
value determined in accordance therewith, such termination value, and (b) for any date prior to the date referenced in clause (a), the
amount determined as the mark-to-market value for such Swap Agreement, as determined based upon one or more mid-market or other readily
available quotations provided by any recognized dealer in such Swap Agreements (which may include a Qualified Counterparty).

 

“Swingline Commitment”:
the obligation of the Swingline Lender to make Swingline Loans pursuant to Section 2.6 in an aggregate principal amount at any
one time outstanding not to exceed $10,000,000 (as such amount may be adjusted from time to time pursuant to the terms hereof).

 

“Swingline Lender”:
BMO, in its capacity as the lender of Swingline Loans.

 

“Swingline Loan
Note”: a promissory note in the form of Exhibit H-2, as the same may be amended, supplemented or otherwise modified
from time to time.

 

“Swingline Loans”:
as defined in Section 2.6.

 

“Swingline Participation
Amount”: as defined in Section 2.7(c).

 

“Synthetic Lease
Obligation”: the monetary obligation of a Person under (a) a so-called synthetic, off-balance sheet or tax retention lease
or (b) an agreement for the use of property creating obligations that do not appear on the balance sheet of such Person but which, upon
the insolvency or bankruptcy of such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment).

 

“TARGET2”
means the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilizes a single shared platform
and which was launched on November 19, 2007.

 

“TARGET Day”
means any day on which TARGET2 (or, if such payment system ceases to be operative, such other payment system, if any, determined by the
Administrative Agent to be a suitable replacement) is open for the settlement of payments in Euro.

 

“Target Parties”:
as of the Closing Date and after giving effect to the Acquisition, the Targets and all Domestic Subsidiaries of the Targets.

 

“Targets”:
Ventus Networks, LLC, a Connecticut limited liability company, Ventus Holdings, LLC, a Delaware limited liability company, Ventus IP Holdings,
LLC, a Delaware limited liability company, Ventus Wireless Services, Inc., a Delaware corporation, Ventus Wireless CA, Inc., a California
corporation, and VClipz, Inc., a Delaware corporation.

 

“Taxes”:
all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other
charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.

 

“Term Commitment”:
as to any Lender, the obligation of such Lender, if any, to make one or more Term Loans, including Initial Term Loans, as set forth on
Schedule 1.1A, as the same may be amended, restated, amended and restated or supplemented in accordance with Section 2.24.

 

“Term Commitment
Increase”: as defined in Section 2.24(a).

 

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“Term Facility”:
the Term Commitments and the Term Loans made thereunder.

 

“Term Lender”:
each Lender that has a Term Commitment or that holds a Term Loan.

 

“Term Loan”:
any of the term loans made by the Lenders to the Borrower pursuant to Section 2.1 or Section 2.24, which shall include,
for the avoidance of doubt, all Initial Term Loans and all Incremental Term Loans.

 

“Term Loan Funding
Office”: the office of the Administrative Agent specified in Section 10.2 or such other office as may be specified
from time to time by the Administrative Agent as its funding office by written notice to the Borrower and the Lenders.

 

“Term Loan Maturity
Date”: is the date occurring on the seven-year anniversary of the Closing Date.

 

“Term Loan Note”:
a promissory note in the form of Exhibit H-3, as the same may be amended, supplemented, amended and restated or otherwise modified
from time to time.

 

“Term Percentage”:
as to any Term Lender at any time, the percentage which the amount of such Lender’s aggregate respective Term Commitments then constitutes
of the aggregate Term Commitments of all of the Term Lenders at such time or, at any time from and after the Closing Date or any subsequent
date or dates occurring after any Incremental Term Loans are made pursuant to and in accordance with the terms and provisions hereof,
the percentage which the respective aggregate principal amount of such Lender’s Term Loans then outstanding constitutes of the aggregate
principal amount of the Term Loans of all of the Term Lenders then outstanding.

 

“Term SOFR”:
means, for the applicable Corresponding Tenor as of the applicable Reference Time, the forward-looking term rate based on SOFR that has
been selected or recommended by the Relevant Governmental Body.

 

“Term SOFR Notice”:
a notification by the Administrative Agent to the Lenders and the Borrower of the occurrence of a Term SOFR Transition Event.

 

“Term SOFR Transition
Event”: the determination by the Administrative Agent that (a) Term SOFR has been recommended for use by the Relevant Governmental
Body, (b) the administration of Term SOFR is administratively feasible for the Administrative Agent and (c) a Benchmark Transition Event
or an Early Opt-in Election, as applicable, has previously occurred resulting in a Benchmark Replacement in accordance with Section
2.25 that is not Term SOFR.

 

“Total Credit
Exposure”: is, as to any Lender at any time, the unused Commitments, Revolving Extensions of Credit and outstanding Term
Loans of such Lender at such time.

 

“Total L/C Commitments”:
at any time, the sum of all L/C Commitments at such time, as the same may be reduced from time to time pursuant to Section 2.9
or 3.5(b). The initial amount of the Total L/C Commitments on the Closing Date is $10,000,000, which Total L/C Commitments are
part of, and not in addition to, the Revolving Commitments.

 

“Total Revolving
Commitments”: at any time, the aggregate amount of the Revolving Commitments then in effect. For the avoidance of doubt,
the amount of the Total Revolving Commitments in effect as of the Closing Date is $35,000,000, subject to the availability limitations
set forth herein, and the Total L/C Commitments, Alternative Currency Sublimit and the Swingline Commitment are sublimits of, and not
in addition to, the Total Revolving Commitments.

 

“Total Revolving
Extensions of Credit”: at any time, the aggregate amount of the Revolving Extensions of Credit outstanding at such time.

 

“Term SOFR”
means the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body.

 

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“Trade Date”:
is defined in Section 10.6(b)(i)(B).

 

“Trademark License”:
any written agreement which (a) names a Loan Party as licensor or licensee and (b) grants to such Loan Party any right to use any Trademark
owned by a third party, including any such agreement referred to on Schedule 6 of the Guarantee and Collateral Agreement.

 

“Trademarks”:
(a) all trademarks, trade names, corporate names, company names, business names, fictitious business names, trade styles, service marks,
logos, Internet domain names and other source or business identifiers, and all goodwill associated therewith, now existing or hereafter
adopted or acquired, all registrations and recordings thereof, and all applications in connection therewith, whether in the USPTO or in
any similar office or agency of the United States, any State thereof or any other country or any political subdivision thereof, or otherwise,
and all common-law rights related thereto, including any of the foregoing referred to on Schedule 6 of the Guarantee and Collateral Agreement,
and (b) the right to obtain all renewals thereof.

 

“Transactions”:
collectively, (a) the Acquisition, (b) the execution and delivery of the Loan Documents on the Closing Date and the funding on the Closing
Date of the Initial Term Loans and any other Loans hereunder, (c) the consummation of any other transactions in connection with any of
the foregoing and (d) the payment of the fees and expenses incurred in connection with any of the foregoing.

 

“Type”:
as to any Loan, its nature as an ABR Loan or a Eurodollar Loan.

 

“Unadjusted Benchmark
Replacement”: the Benchmark Replacement excluding the Benchmark Replacement Adjustment.

 

“Unfriendly Acquisition”:
any acquisition that has not, at the time of the first public announcement of an offer relating thereto, been approved by the board of
directors (or other legally recognized governing body) of the Person to be acquired; except that with respect to any acquisition
of a non-U.S. Person, an otherwise friendly acquisition shall not be deemed to be unfriendly if it is not customary in such jurisdiction
to obtain such approval prior to the first public announcement of an offer relating to a friendly acquisition.

 

“Uniform Commercial
Code” or “UCC”: the Uniform Commercial Code (or any similar or equivalent legislation) as in effect
from time to time in the State of New York, or as the context may require, any other applicable jurisdiction.

 

“United States”
and “U.S.”: the United States of America.

 

“Unrestricted
Cash”: as of any date of determination, the aggregate amount of all domestic cash and Cash Equivalents maintained in the
United States on the consolidated balance sheet of the Borrower and its Subsidiaries that are not “restricted” for purposes
of GAAP.

 

“USCRO”:
the US Copyright Office.

 

“U.S. Person”:
any Person that is a “United States person” as defined in Section 7701(a)(30) of the Code.

 

“USPTO”:
the US Patent and Trademark Office.

 

“U.S. Special
Resolution Regimes”: as defined in Section 10.23.

 

“U.S. Tax Compliance
Certificate”: as defined in Section 2.18(f).

 

“Voting Stock”:
as to any Person, the capital stock of any class or classes or other equity interests (however designated and including general partnership
interests in a partnership) of such Person having ordinary voting power for the election of directors or similar governing body of such
Person.

 

    41

     

    

 

“Weighted Average
Life to Maturity”: when applied to any Indebtedness at any date, the number of years obtained by dividing: (i) the sum of
the products obtained by multiplying (a) the amount of each then remaining installment, sinking fund, serial maturity or other required
payments of principal, including payment at final maturity, in respect thereof, by (b) the number of years (calculated to the nearest
one-twelfth) that will elapse between such date and the making of such payment; by (ii) the then outstanding principal amount of such
Indebtedness.

 

“Wholly Owned
Subsidiary”: as to any Person, any other Person all of the Capital Stock of which (other than directors’ qualifying
shares required by law) is owned by such Person directly and/or through other Wholly Owned Subsidiaries.

 

“Wholly Owned
Subsidiary Guarantor”: any Guarantor that is a Wholly Owned Subsidiary of a Loan Party. “Withholding Agent”:
any Loan Party and the Administrative Agent, as the context may require.

 

“Withholding Agent”:
the Borrower and the Administrative Agent.

 

“Working Capital”:
with respect to the Borrower and its consolidated Subsidiaries for any period as of any determination date, the sum of (a) current assets
of the Borrower and its consolidated Subsidiaries on such date minus (b) current liabilities of the Borrower and its consolidated
Subsidiaries on such date, determined on a consolidated basis in accordance with GAAP.

 

“Write-Down and
Conversion Powers”: with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution
Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers
are described in the EU Bail-In Legislation Schedule.

 

1.2               
Other Definitional Provisions.

 

(a)                
Unless otherwise specified therein, all terms defined in this Agreement shall have the defined meanings when used in the other
Loan Documents or any certificate or other document made or delivered pursuant hereto or thereto.

 

(b)               
As used herein and in the other Loan Documents, and in any certificate or other document made or delivered pursuant hereto or thereto,
(i) accounting terms relating to any Group Member not defined in Section 1.1 and accounting terms partly defined in Section
1.1, to the extent not defined, shall have the respective meanings given to them under GAAP, (ii) the words “include,”
“includes” and “including” shall be deemed to be followed by the phrase “without limitation,” (iii)
the word “incur” shall be construed to mean incur, create, issue, assume, become liable in respect of or suffer to exist (and
the words “incurred” and “incurrence” shall have correlative meanings), (iv) the words “asset” and
“property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets
and properties, including cash, Capital Stock, securities, revenues, accounts, leasehold interests and contract rights, and (v) references
to agreements (including this Agreement and each other Loan Document) or other Contractual Obligations shall, unless otherwise specified,
be deemed to refer to such agreements or Contractual Obligations as amended, supplemented, restated, amended and restated or otherwise
modified from time to time. Notwithstanding the foregoing clause (i), for purposes of determining compliance with any covenant (including
the computation of any financial covenant) contained herein, Indebtedness of any Group Member shall be deemed to be carried at 100% of
the outstanding principal amount thereof, and the effects of FASB ASC 825 and FASB ASC 470-20 on financial liabilities shall be disregarded.

 

(c)                
Notwithstanding any other provision contained herein, unless the Borrower has requested an amendment with respect to the treatment
of operating leases and capital leases and until such amendment has become effective, all obligations of any Person that were or would
have been treated as operating leases for public companies for purposes of GAAP prior to December 31, 2018 shall continue to be accounted
for as operating leases for such purposes of all financial definitions and calculations for purposes of this Agreement (whether or not
such operating lease obligations were in effect on such date) regardless of any change in or application of GAAP following such date pursuant
to ASC 842 or otherwise that would require such leases (on a prospective or retroactive basis or otherwise) to be treated as capital leases
in the financial statements to be delivered pursuant to Section 6.1.

 

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(d)               
 The words “hereof,” “herein” and “hereunder” and words of similar import, when used in this
Agreement, shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, Schedule and Exhibit
references are to this Agreement unless otherwise specified. The word “will” shall be construed to have the same meaning and
effect as the word “shall.” Unless the context requires otherwise, (i) any reference herein to any Person shall be construed
to include such Person’s successors and assigns, (ii) all references herein to Articles, Sections, Exhibits and Schedules shall
be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement, (iii) any reference to any law or regulation
herein shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time.

 

(e)                
The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms. Whenever
the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms.

 

(f)                 
Whenever pursuant to this Agreement the Administrative Agent exercises any right given to it to approve or disapprove, or if any
arrangement or term is to be satisfactory to, or determined by, Administrative Agent, the decision of Administrative Agent to approve
or disapprove, to decide whether arrangements or terms are satisfactory or not satisfactory, or to determine any arrangement or term shall,
except as expressly provided otherwise, be in the reasonable discretion of Administrative Agent.

 

1.3               
Exchange Rates; Currency Equivalents.

 

(a)                
The Administrative Agent shall determine the Exchange Rates as of each Revaluation Date to be used for calculating Dollar Equivalent
amounts. Such Exchange Rates shall become effective as of such Revaluation Date and shall be the Exchange Rates employed in converting
any amounts between the applicable currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered
by the Borrower hereunder or calculating the financial covenant hereunder or except as otherwise provided herein, the applicable amount
of any currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent amount as so determined by the
Administrative Agent.

 

(b)               
Wherever in this Agreement in connection with the making, conversion, continuation or prepayment of a Eurodollar Loan, an amount,
such as a required minimum or multiple amount, is expressed in Dollars, but such Eurodollar Loan is denominated in an Alternative Currency,
such amount shall be the relevant Alternative Currency Equivalent of such Dollar amount (rounded to the nearest unit of such Alternative
Currency, with 0.5 of a unit being rounded upward), as determined by the Administrative Agent.

 

1.4               
Letter of Credit Amounts. Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to
be the Dollar Equivalent of the stated amount of such Letter of Credit in effect at such time; provided, however, that with
respect to any Letter of Credit that, by its terms or the terms of any L/C-Related Document related thereto, provides for one or more
automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the Dollar Equivalent of the
maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is
in effect at such time.

 

1.5               
Limited Condition Acquisitions. In the event that the Borrower notifies the Administrative Agent in writing that any proposed
acquisition is a Limited Condition Acquisition and that the Borrower wishes to test the conditions to such Limited Condition Acquisition
and any Incremental Term Loan or Incremental Revolving Credit Commitment that is to be used to finance such acquisition in accordance
with this Section 1.5, then, the following provisions shall apply:

 

(a)                
any condition to such Limited Condition Acquisition or such Indebtedness that requires that no Default or Event of Default shall
have occurred and be continuing at the time of such Limited Condition Acquisition or the incurrence of such Indebtedness, shall be satisfied
if (i) no Default or Event of Default shall have occurred and be continuing at the time of the execution of the definitive purchase agreement,
merger agreement or other acquisition agreement governing such Limited Condition Acquisition (the “LCA Test Date”)
and (ii) no Event of Default under any of Section 8.1(a) or 8.1(f) shall have occurred and be continuing both immediately
before and immediately after giving effect to such Limited Condition Acquisition and any Indebtedness incurred in connection therewith
(including any such additional Indebtedness);

 

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(b)               
 any condition to such Limited Condition Acquisition or such Indebtedness that the representations and warranties in this Agreement
and the other Loan Documents shall be true and correct at the time of consummation of such Limited Condition Acquisition or the incurrence
of such Indebtedness shall be deemed satisfied if (i) all representations and warranties in this Agreement and the other Loan Documents
are true and correct in all material respects (except for any representation and warranty that is qualified by materiality or reference
to Material Adverse Effect, which such representation and warranty shall be true and correct in all respects) as of the LCA Test Date,
or if such representation speaks as of an earlier date, as of such earlier date and (ii) as of the date of consummation of such Limited
Condition Acquisition, (A) the representations and warranties under the relevant definitive agreement governing such Limited Condition
Acquisition as are material to the lenders providing such Indebtedness shall be true and correct, but only to the extent that the Borrower
or its applicable Subsidiary has the right to terminate its obligations under such agreement or otherwise decline to close such Limited
Condition Acquisition as a result of a breach of such representations and warranties or the failure of those representations and warranties
to be true and correct and (B) certain of the representations and warranties in this Agreement and the other Loan Documents which are
similar to the Specified Representations and customary for similar “funds certain” financings and required by the lenders
providing such Indebtedness shall be true and correct in all material respects (except for any representation and warranty that is qualified
by materiality or reference to Material Adverse Effect, which such representation and warranty shall be true and correct in all respects);

 

(c)                
any financial ratio test or condition to be tested in connection with such Limited Condition Acquisition and the availability of
such Indebtedness will be tested as of the LCA Test Date, in each case, after giving effect to the relevant Limited Condition Acquisition
and related incurrence of Indebtedness, on a Pro Forma Basis where applicable, and, for the avoidance of doubt, (i) such ratios and baskets
shall not be tested at the time of consummation of such Limited Condition Acquisition and (ii) if any of such ratios are exceeded or conditions
are not met following the LCA Test Date, but prior to the closing of such Limited Condition Acquisition, as a result of fluctuations in
such ratio or amount (including due to fluctuations in Consolidated EBITDA of the Borrower or the Person subject to such Limited Condition
Acquisition), at or prior to the consummation of the relevant transaction or action, such ratios will not be deemed to have been exceeded
and such conditions will not be deemed unmet as a result of such fluctuations solely for purposes of determining whether the relevant
transaction or action is permitted to be consummated or taken;

 

(d)               
except as provided in the last sentence of this clause (d), in connection with any subsequent calculation of any ratio or basket,
and determining compliance therewith by the Borrower and its consolidated Subsidiaries, on or following the relevant LCA Test Date and
prior to the earlier of the date on which such Limited Condition Acquisition is consummated and the date that the definitive agreement
for such Limited Condition Acquisition is terminated or expires without consummation of such Limited Condition Acquisition (the “LCA
Intervening Period”), any such ratio or basket shall be calculated (and compliance shall be determined) (i) on a Pro Forma
Basis assuming such Limited Condition Acquisition and other transactions in connection therewith (including the incurrence or assumption
of Indebtedness) have been consummated and (ii) assuming such Limited Condition Acquisition and other transactions in connection therewith
(including the incurrence or assumption of Indebtedness) have not been consummated, it being understood and agreed that the Borrower shall
be required to satisfy the tests in both of clauses (i) and (ii) during any LCA Intervening Period. Notwithstanding the foregoing, any
calculation of a ratio in connection with determining the Applicable Margin and determining whether or not the Borrower and its consolidated
Subsidiaries are in compliance with the financial covenant set forth in Section 7.1 shall, in each case, be calculated assuming
such Limited Condition Acquisition and other transactions in connection therewith (including the incurrence or assumption of Indebtedness)
have not been consummated.

 

The foregoing provisions shall
apply with similar effect during the pendency of multiple Limited Condition Acquisitions such that each of the possible scenarios is separately
tested.

 

1.6               
Divisions. For all purposes under the Loan Documents, in connection with any Division: (a) if any asset, right, obligation
or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been
transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be
deemed to have been organized on the first date of its existence by the holders of its equity interests at such time.

 

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1.7               
Change of Currency.

 

(a)                
 Each obligation of the Borrower to make a payment denominated in the national currency unit of any member state of the European
Union that adopts the Euro as its lawful currency after the date hereof shall be redenominated into Euro at the time of such adoption.
If, in relation to the currency of any such member state, the basis of accrual of interest expressed in this Agreement in respect of that
currency shall be inconsistent with any convention or practice in the London interbank market for the basis of accrual of interest in
respect of the Euro, such expressed basis shall be replaced by such convention or practice with effect from the date on which such member
state adopts the Euro as its lawful currency; provided that if any Loan in the currency of such member state is outstanding immediately
prior to such date, such replacement shall take effect, with respect to such Loan, at the end of the then current Interest Period.

 

(b)               
Each provision of this Agreement shall be subject to such reasonable changes of construction as the Administrative Agent may from
time to time specify to be appropriate to reflect the adoption of the Euro by any member state of the European Union and any relevant
market conventions or practices relating to the Euro.

 

(c)                 
Each provision of this Agreement also shall be subject to such reasonable changes of construction as the Administrative Agent may
from time to time specify to be appropriate to reflect a change in currency of any other country and any relevant market conventions or
practices relating to the change in currency.

 

1.8               
Amendment and Restatement of the Existing Credit Agreement.

 

(a)                
The parties to this Agreement agree that, on the Closing Date, the terms and provisions of the Existing Credit Agreement shall
be and hereby are amended, superseded and restated in their entirety by the terms and provisions of this Agreement. This Agreement is
not intended to and shall not constitute a novation. All loans made and obligations incurred under the Existing Credit Agreement which
are outstanding on the Closing Date (after giving effect to any repayment or discharge occurring on the Closing Date) shall continue as
Loans and Obligations (subject to the proviso at the end of such definition with respect to Excluded Swap Obligations) under (and shall
be governed by the terms of) this Agreement and the other Loan Documents.

 

(b)                
Without limiting the foregoing, upon the effectiveness hereof:

 

(i)                 
all references in the “Loan Documents” (as defined in the Existing Credit Agreement) to the “Borrower,”
the “Administrative Agent,” the “Credit Agreement” and the “Loan Documents” shall be deemed to refer
to the Borrower, the Administrative Agent, this Agreement and the Loan Documents, respectively;

 

(ii)                 
Letters of Credit which remain outstanding on the Closing Date shall continue as Letters of Credit under (and shall be governed
by the terms of) this Agreement;

 

(iii)             
all obligations constituting “Obligations” owed to any Lender or any Affiliate of any Lender which are outstanding
on the Closing Date (after giving effect to any repayment or discharge occurring on the Closing Date) shall continue as Obligations under
this Agreement and the other Loan Documents;

 

(iv)              
the Liens and security interests granted by any Loan Party pursuant to any Loan Document in favor of the Administrative Agent for
the benefit of the Secured Parties securing payment of the Secured Obligations (and all filings with any Governmental Authority in connection
therewith) are in all respects continuing and in full force and effect with respect to all Secured Obligations;

 

(v)               
the Administrative Agent shall make such reallocations, sales, assignments or other relevant actions in respect of each Lender’s
Revolving Extensions of Credit under and as defined in the Existing Credit Agreement as are necessary in the reasonable judgment of the
Administrative Agent in order that each such Lender’s outstanding Revolving Credit Extensions hereunder as of the Closing Date reflect
such Lender’s ratable share of the aggregate outstanding Revolving Credit Extensions on the Closing Date; and

 

(vi)               each
of the Loan Parties reaffirms the terms and conditions of the “Loan Documents” (as referred to and defined in the
Existing Credit Agreement) executed by it, as modified and/or restated by the “Loan Documents” (as referred to and
defined herein) to which it is a party as of the Closing Date, and acknowledges and agrees that each “Loan Document” (as
referred to and defined in the Existing Credit Agreement) executed by it, as modified and/or restated by the “Loan
Documents” (as referred to and defined herein) to which it is a party as of the Closing Date, remains in full force and effect
and is hereby ratified, reaffirmed and confirmed, in each case, as of the Closing Date.

 

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(c)               
 The Loan Parties and the Administrative Agent agree and confirm that the Parallel Debt Agreement,
dated on or about March 10, 2021 (the “Parallel Debt Agreement”), by and among the Loan Parties and the Administrative
Agent, remains in full force and effect and confirm, for the avoidance of doubt, that this Agreement shall constitute (i) the “Credit
Agreement” as defined in the Parallel Debt Agreement and (ii) a “Loan Document” as defined in the Parallel Debt Agreement.

 

SECTION
2

AMOUNT AND TERMS OF COMMITMENTS

 

2.1               
Term Commitments. Subject to the terms and conditions hereof, each Initial Term Lender agrees to make an Initial Term Loan
to the Borrower on the Closing Date in Dollars in an amount equal to the amount of the Initial Term Commitment of such Lender. Such Term
Loans may from time to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in
accordance with Sections 2.2 and 2.11, and once repaid in accordance with the provisions hereof may not be reborrowed. All
Initial Term Commitments shall terminate on December 22, 2021 if the Closing Date shall not have occurred prior to such date.

 

2.2               
Procedure for Term Loan Borrowing. The Borrower shall give the Administrative Agent an irrevocable Notice of Borrowing (which
must be received by the Administrative Agent prior to 12:00 P.M., Central time, one Business Day prior to the anticipated Closing Date)
requesting that the Term Lenders make Initial Term Loans on the Closing Date and specifying the amount to be borrowed. Upon receipt of
any such Notice of Borrowing, the Administrative Agent shall promptly notify each Term Lender thereof. Not later than 12:00 P.M., Central
time, on the Closing Date, each Term Lender shall make available to the Administrative Agent at the Term Loan Funding Office an amount
in immediately available funds equal to the Initial Term Loan or Initial Term Loans to be funded by such Lender on such Borrowing Date.
The Administrative Agent shall distribute the proceeds of the Initial Term Loans in accordance with the Flow of Funds Agreement.

 

2.3               
Repayment of Term Loans.

 

(a)                
Term Loans. The principal amount of the Initial Term Loans of the Initial Term Lenders will be subject to amortization in
an amount equal to 5.00% per annum of the original aggregate principal amount of the Initial Term Loans, payable in equal quarterly installments
on the last Business Day of each calendar quarter, beginning on June 30, 2022, with a final payment on the Term Loan Maturity Date of
all remaining Initial Term Loan principal then outstanding. In respect of each calendar quarter indicated below, the Borrower shall pay
to the Administrative Agent in Dollars the portion of the outstanding Initial Term Loan principal indicated below opposite of such calendar
quarter, and the Administrative Agent shall distribute each such installment payment made by the Borrower to the Initial Term Lenders
in accordance with the respective Initial Term Percentages of such Initial Term Lenders.

 

(b)               
Incremental Term Loans. The amortization of Incremental Term Loans shall be as agreed between the Borrower, the Administrative
Agent and the Lenders funding such Incremental Term Loans, in each case, subject to the provisions of Section 2.24(g).

 

For the avoidance of doubt,
to the extent not previously paid, all then outstanding Term Loans (including all then outstanding principal of any Initial Term Loans
and any Incremental Term Loans) shall be due and payable on the Term Loan Maturity Date, together with accrued and unpaid interest on
the principal amount to be paid to but excluding the date of payment.

 

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2.4               
Revolving Commitments.

 

(a)                
 Subject to the terms and conditions hereof, each Revolving Lender severally agrees to make revolving credit loans in Dollars or
in one or more Alternative Currencies (each, a “Revolving Loan” and, collectively, the “Revolving
Loans”) to the Borrower from time to time during the Revolving Commitment Period in an aggregate principal amount with respect
to all such Revolving Loans at any one time outstanding which, when added to the aggregate principal amount of any then outstanding Revolving
Loans, any Swingline Loans, the aggregate undrawn amount of all then outstanding Letters of Credit, and the aggregate amount of all L/C
Disbursements that have not yet been reimbursed or converted into Revolving Loans, incurred on behalf of the Borrower and owing to such
Lender, does not exceed (i) the amount of such Lender’s Revolving Commitment and (ii) to the extent any of the foregoing are denominated
in Alternative Currencies, the Alternative Currency Sublimit. In addition, the amount of the Total Revolving Extensions of Credit outstanding
after giving effect to any requested borrowing of Revolving Loans shall not exceed the Available Revolving Commitments then in effect.
During the Revolving Commitment Period, the Borrower may use the Available Revolving Commitments by borrowing, prepaying the Revolving
Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolving Loans may from time
to time be Eurodollar Loans or ABR Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections
2.5 and 2.11, provided that all Revolving Loans denominated in an Alternative Currency shall be Eurodollar Loans. Notwithstanding
anything to the contrary contained herein, during the existence and continuation of an Event of Default, no Revolving Loan may be borrowed
as, converted to or continued as a Eurodollar Loan.

 

(b)               
The Borrower shall repay all outstanding Revolving Loans on the Revolving Termination Date.

 

2.5               
Procedure for Revolving Loan Borrowing. The Borrower may borrow up to the Available Revolving Commitments under the Revolving
Commitments during the Revolving Commitment Period on any Business Day; provided that the Borrower shall give the Administrative
Agent an irrevocable Notice of Borrowing (which must be received by the Administrative Agent prior to 12:00 P.M., Central time, (a) three
Business Days prior to the requested Borrowing Date, in the case of Eurodollar Loans denominated in Dollars, (b) four Business Days (or
five Business Days in the case of a Special Notice Currency) prior to the requested Borrowing Date, in the case of Eurodollar Loans denominated
in Alternative Currencies, or (c) on the date of the requested borrowing, in the case of ABR Loans), in each such case specifying (i)
the amount and Type of Revolving Loans to be borrowed, (ii) the requested Borrowing Date, (iii) in the case of Eurodollar Loans, the respective
amounts of each such Type of Loan and the respective lengths of the initial Interest Period therefor, and (iv) instructions for remittance
of the proceeds of the applicable Loans to be borrowed. Each borrowing of, conversion to or continuation of a Eurodollar Loan shall be
in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof (or, if the then aggregate Available Revolving
Commitments are less than $1,000,000, such lesser amount). Except as provided in Sections 3.5(b) and 2.7(b) each borrowing
of or conversion to ABR Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if the
then aggregate Available Revolving Commitments are less than $500,000, such lesser amount). Upon receipt of any such Notice of Borrowing
from the Borrower, the Administrative Agent shall promptly notify each Revolving Lender thereof. Each Revolving Lender will make the amount
of its pro rata share of each such borrowing available to the Administrative Agent for the account of the Borrower at the Revolving Loan
Funding Office prior to 2:00 P.M., Central time in the case of any Loan denominated in Dollars, and prior to the Applicable Time specified
by the Administrative Agent in the case of any Loan in an Alternative Currency, on the Borrowing Date requested by the Borrower in funds
immediately available to the Administrative Agent. Such borrowing will then be made available to the Borrower by the Administrative Agent
crediting such account as is designated in writing to the Administrative Agent by the Borrower with the aggregate of the amounts made
available to the Administrative Agent by the Revolving Lenders and in like funds as received by the Administrative Agent.

 

2.6                Swingline
Commitment. Subject to the terms and conditions hereof, the Swingline Lender agrees to make available a portion of the credit
accommodations otherwise available to the Borrower under the Revolving Commitments from time to time during the Revolving Commitment
Period by making swing line loans (each a “Swingline Loan” and, collectively, the “Swingline
Loans”) to the Borrower; provided that (a) the aggregate principal amount of Swingline Loans outstanding at any
time shall not exceed the Swingline Commitment then in effect, (b) the Borrower shall not request, and the Swingline Lender shall
not make, any Swingline Loan if, after giving effect to the making of such Swingline Loan, the aggregate amount of the Available
Revolving Commitments would be less than zero, and (c) the Borrower shall not use the proceeds of any Swingline Loan to refinance
any then outstanding Swingline Loan. During the Revolving Commitment Period, the Borrower may use the Swingline Commitment by
borrowing, repaying and reborrowing, all in accordance with the terms and conditions hereof. Swingline Loans shall be ABR Loans only
and shall be made only in Dollars. To the extent not otherwise required by the terms hereof to be repaid prior thereto, the Borrower
shall repay to the Swingline Lender the then unpaid principal amount of each Swingline Loan on the Revolving Termination Date.

 

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2.7               
Procedure for Swingline Borrowing; Refunding of Swingline Loans.

 

(a)                
Whenever the Borrower desires that the Swingline Lender make Swingline Loans the Borrower shall give the Swingline Lender irrevocable
telephonic notice (which telephonic notice must be received by the Swingline Lender not later than 3:00 P.M., Central time, on the proposed
Borrowing Date) confirmed promptly in writing by a Notice of Borrowing, specifying (i) the amount to be borrowed, (ii) the requested Borrowing
Date (which shall be a Business Day during the Revolving Commitment Period), and (iii) instructions for the remittance of the proceeds
of such Loan. Each borrowing under the Swingline Commitment shall be made in whole multiples of $500,000. Promptly thereafter, on the
Borrowing Date specified in a notice in respect of Swingline Loans, the Swingline Lender shall make available to the Borrower an amount
in immediately available funds equal to the amount of the Swingline Loan to be made by depositing such amount in the account designated
in writing to the Administrative Agent by the Borrower. Unless a Swingline Loan is sooner refinanced by the advance of a Revolving Loan
pursuant to Section 2.7(b), such Swingline Loan shall be repaid by the Borrower no later than five (5) Business Days after the
advance of such Swingline Loan.

 

(b)               
The Swingline Lender, at any time and from time to time in its sole and absolute discretion, may, on behalf of the Borrower (which
hereby irrevocably directs the Swingline Lender to act on its behalf), on one Business Day’s telephonic notice given by the Swingline
Lender no later than 3:00 P.M., Central time, and promptly confirmed in writing, request each Revolving Lender to make, and each Revolving
Lender hereby agrees to make, a Revolving Loan, in an amount equal to such Revolving Lender’s Revolving Percentage of the aggregate
amount of such Swingline Loan (each a “Refunded Swingline Loan”) outstanding on the date of such notice, to
repay the Swingline Lender. Each Revolving Lender shall make the amount of such Revolving Loan available to the Administrative Agent at
the Revolving Loan Funding Office in immediately available funds, not later than 12:00 P.M., Central time, one Business Day after the
date of such notice. The proceeds of such Revolving Loan shall immediately be made available by the Administrative Agent to the Swingline
Lender for application by the Swingline Lender to the repayment of the Refunded Swingline Loan. The Borrower irrevocably authorizes the
Swingline Lender to charge the Borrower’s accounts with the Administrative Agent (up to the amount available in each such account)
immediately to pay the amount of any Refunded Swingline Loan to the extent amounts received from the Revolving Lenders are not sufficient
to repay in full such Refunded Swingline Loan.

 

(c)                
If prior to the time that the Borrower has repaid the Swingline Loans pursuant to Section 2.7(a) or a Revolving Loan has
been made pursuant to Section 2.7(b), one of the events described in Section 8.1(f) shall have occurred or if for any other
reason, as determined by the Swingline Lender in its reasonable discretion, Revolving Loans may not be made as contemplated by Section
2.7(b), each Revolving Lender shall, on the date such Revolving Loan was to have been made pursuant to the notice referred to in Section
2.7(b) or on the date requested by the Swingline Lender (with at least one Business Day’s notice to the Revolving Lenders),
purchase for cash an undivided participating interest in the then outstanding Swingline Loans by paying to the Swingline Lender an amount
(the “Swingline Participation Amount”) equal to (i) such Revolving Lender’s Revolving Percentage times
(ii) the aggregate principal amount of the outstanding Swingline Loans that were to have been repaid with such Revolving Loans.

 

(d)               
Whenever, at any time after the Swingline Lender has received from any Revolving Lender such Lender’s Swingline Participation
Amount, the Swingline Lender receives any payment on account of the Swingline Loans, the Swingline Lender will distribute to such Lender
its Swingline Participation Amount (appropriately adjusted, in the case of interest payments, to reflect the period of time during which
such Lender’s participating interest was outstanding and funded and, in the case of principal and interest payments, to reflect
such Lender’s pro rata portion of such payment if such payment is not sufficient to pay the principal of and interest on all Swingline
Loans then due); provided that in the event that such payment received by the Swingline Lender is required to be returned, such
Revolving Lender will return to the Swingline Lender any portion thereof previously distributed to it by the Swingline Lender.

 

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(e)                
 Each Revolving Lender’s obligation to make the Loans referred to in Section 2.7(b) and to purchase participating
interests pursuant to Section 2.7(c) shall be absolute and unconditional and shall not be affected by any circumstance, including
(i) any setoff, counterclaim, recoupment, defense or other right that such Revolving Lender or the Borrower may have against the Swingline
Lender, the Borrower or any other Person for any reason whatsoever, (ii) the occurrence of a Default or an Event of Default or the failure
to satisfy any of the other conditions specified in Section 5, (iii) any adverse change in the condition (financial or otherwise)
of the Borrower, (iv) any breach of this Agreement or any other Loan Document by the Borrower, any other Loan Party or any other Revolving
Lender, or (v) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing.

 

(f)                 
The Swingline Lender may resign at any time by giving 30 days’ prior notice to the Administrative Agent, the Lenders, and
the Borrower. After the resignation of the Swingline Lender hereunder, (i) the retiring Swingline Lender shall remain a party hereto and
shall continue to have all the rights and obligations of the Swingline Lender under this Agreement and the other Loan Documents with respect
to Swingline Loans made by it prior to such resignation, but shall not be required to make any additional Swingline Loans, and (ii) another
Lender may be appointed as the new Swingline Lender hereunder so long as (A) each of the Borrower and the Administrative Agent agree in
writing and in their reasonable discretion to such appointment and (B) the Borrower, the Administrative Agent and the applicable Lenders
execute and deliver any such Swingline Loan Note and amendments to the Loan Documents as are reasonably deemed necessary by the Administrative
Agent to give effect to such appointment.

 

2.8               
Fees.

 

(a)                
Commitment Fee. As additional compensation for the Total Revolving Commitments, the Borrower shall pay to the Administrative
Agent for the account of the Lenders, a fee for the Borrower’s non-use of available funds under the Revolving Facility (the “Commitment
Fee”), payable quarterly in arrears on the first Business Day of each calendar quarter occurring prior to the Revolving
Termination Date, and on the Revolving Termination Date, in an amount equal to the Commitment Fee Rate multiplied by the average unused
portion of the Total Revolving Commitments, as reasonably determined by the Administrative Agent. The average unused portion of the Total
Revolving Commitments measured as of any date and for any period ending on such date (the “Average Unused Total Revolving
Commitments” as of such date and for such period), for purposes of this calculation, shall equal the difference between
(i) the Total Revolving Commitments as of such date (as the same shall be reduced from time to time pursuant to Section 2.9), and
(ii) the sum of (A) the average for such period of the daily closing balance of the Revolving Loans outstanding, (B) the aggregate undrawn
amount of all Letters of Credit outstanding as of such date, and (C) the aggregate amount of all L/C Disbursements that have not yet been
reimbursed or converted into Revolving Loans as of such date. For the avoidance of doubt, the amount of any Swingline Loans at any time
outstanding during such period shall not be counted towards or considered usage of the Total Revolving Commitments for purposes of determining
the Commitment Fee.

 

(b)               
Fee Letter Fees. The Borrower agrees to pay to the Administrative Agent and each Lender and/or their respective Affiliates,
as applicable, the fees in the amounts and on the dates specified in the Fee Letter, and to perform any other obligations contained therein.

 

(c)                 
Fees Nonrefundable. All fees payable under this Section 2.8 shall be fully earned on the date paid and nonrefundable.

 

2.9               
Termination or Reduction of Total Revolving Commitments; Total L/C Commitments.

 

(a)                 Termination
or Reduction of Total Revolving Commitments. The Borrower shall have the right, upon not less than five Business Days’
written notice delivered to the Administrative Agent, to terminate the Total Revolving Commitments or from time to time to reduce
the amount of the Total Revolving Commitments; provided that no such termination or reduction shall be permitted if, after
giving effect thereto and to any prepayments of the Revolving Loans and Swingline Loans to be made on the effective date thereof the
amount of the Total Revolving Extensions of Credit then outstanding would exceed the Total Revolving Commitments then in effect. Any
such reduction shall be in an amount equal to $5,000,000, or a whole multiple of $1,000,000 in excess thereof (or if less, not less
than an amount equal to the remaining outstanding Total Revolving Extensions of Credit), and shall reduce permanently the Total
Revolving Commitments then in effect; provided that, if in connection with any such reduction or termination of the Total
Revolving Commitments a Eurodollar Loan is prepaid on any day other than the last day of the Interest Period applicable thereto, the
Borrower shall also pay any amounts owing pursuant to Section 2.19. Any reduction of the Total Revolving Commitments shall be
applied to the Revolving Commitments of each Lender according to its respective Revolving Percentage. All fees accrued until the
effective date of any termination of the Total Revolving Commitments shall be paid on the effective date of such termination.
Notwithstanding the foregoing, any notice to reduce the Total Revolving Commitment delivered in connection with any refinancing of
all of the Facility with the proceeds of such refinancing or of any incurrence of Indebtedness or the occurrence of some other
identifiable event or condition, may be, if expressly so stated to be, contingent upon the consummation of such refinancing or
incurrence or occurrence of such identifiable event or condition and may be revoked by the Borrower in the event such contingency is
not met. The Total Revolving Commitments shall automatically terminate on November 1, 2021 if the Closing Date shall not have
occurred prior to such date.

 

    49

     

    

 

(b)               
Termination or Reduction of Total L/C Commitments. The Borrower shall have the right, upon not less than five Business Days’
written notice delivered to the Administrative Agent, to terminate the Total L/C Commitments available to the Borrower or, from time to
time, to reduce the amount of the Total L/C Commitments available to the Borrower; provided that, in any such case, no such termination
or reduction of the Total L/C Commitments shall be permitted if, after giving effect thereto, the Total L/C Commitments shall be reduced
to an amount that would result in the aggregate L/C Exposure exceeding the Total L/C Commitments (as so reduced). Any such reduction shall
be in an amount equal to $2,000,000, or a whole multiple of $1,000,000 in excess thereof, and shall reduce permanently the Total L/C Commitments
then in effect. Any reduction of the Total L/C Commitments shall be applied to the L/C Commitments of each Lender according to its respective
L/C Percentage. All fees accrued until the effective date of any termination of the Total L/C Commitments shall be paid on the effective
date of such termination. The Total L/C Commitments shall automatically terminate on November 1, 2021 if the Closing Date shall not have
occurred prior to such date.

 

2.10            
Loan Prepayments.

 

(a)                
Optional Prepayments Generally. The Borrower may at any time and from time to time prepay the Loans, in whole or in part,
(except as provided in the third proviso below) without premium or penalty, upon irrevocable notice delivered to the Administrative Agent
no later than 12:00 P.M., Central time, (i) three Business Days prior thereto, in the case of Eurodollar Loans denominated in Dollars,
(ii) four Business Days (or five Business Days in the case of a Special Notice Currency) prior thereto, in the case of Eurodollar Loans
denominated in Alternative Currencies, or (iii) on the date thereof, in the case of ABR Loans, which notice shall specify the date and
amount of the proposed prepayment; provided that if a Eurodollar Loan is prepaid on any day other than the last day of the Interest
Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to Section 2.19; provided further that
if such notice of prepayment indicates that such prepayment is to be funded with the proceeds of a refinancing or in connection with the
consummation of a specified transaction, such notice of prepayment may be revoked if the financing or specified transaction is not consummated;
and provided further that if all or any portion of the Term Facility is subject to a Repricing Transaction on or prior to the first
anniversary of the Closing Date, a prepayment premium equal to 1% of the principal amount subject thereto shall be payable at the time
of such prepayment. Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender thereof. If any
such notice is given and not revoked, the amount specified in such notice shall be due and payable on the date specified therein, together
with (except in the case of Revolving Loans that are ABR Loans and Swingline Loans) accrued interest to such date on the amount prepaid.
Partial prepayments of Term Loans and Revolving Loans shall be in an aggregate principal amount of $2,000,000 or a whole multiple of $1,000,000
in excess thereof. Partial prepayments of Swingline Loans shall be in an aggregate principal amount of $100,000 or a whole multiple thereof.
Prepayments of the Term Loans made pursuant to this Section 2.10(a) shall be applied to the prepayment of installments due in respect
of the Term Loans in inverse order of maturity and in accordance with Section 2.3 and 2.16(b).

 

(b)               
Revolving Excess; Alternative Currency No Longer Eligible Currency.

 

(i)                  If
for any reason Total Revolving Extensions of Credit at any time exceed the Total Revolving Commitments then in effect (a
“Revolving Excess”), the Borrower shall promptly prepay Revolving Loans and Swingline Loans and/or Cash
Collateralize the L/C Exposure of the Issuing Lenders in an aggregate amount equal to such Revolving Excess; provided that
the Borrower shall not be required to Cash Collateralize the L/C Exposure of the Issuing Lenders pursuant to this Section
2.10(b) unless after the prepayment in full of the Revolving Loans and Swingline Loans such Total Revolving Extensions of Credit
exceed the Total Revolving Commitments then in effect.

 

    50

     

    

 

 

(ii)            
If for any reason Total Revolving Extensions of Credit denominated in Alternative Currencies at any time exceeds the Alternative
Currency Sublimit then in effect (a “Alternative Currency Excess”), the Borrower shall promptly prepay Revolving
Loans denominated in Alternative Currencies in an aggregate amount equal to such Alternative Currency Excess.

 

(iii)             
If any Alternative Currency ceases to be an Eligible Currency as a result of any Disqualifying Event, within five Business Days
after receipt of notice from the Administrative Agent of such Disqualifying Event, the Borrower shall repay all Revolving Loans in such
currency to which the Disqualifying Event applies or convert such Loans into the Dollar Equivalent of Revolving Loans in Dollars, subject
to the other terms contained herein.

 

(c)                
Dispositions. If the Borrower or any of its Subsidiaries makes any Disposition or series of related Dispositions pursuant
to Section 7.5(h), (l) or (t) which results in the realization or receipt by any Group Member of Net Cash Proceeds
in an aggregate amount for all such transactions in excess of the greater of $7,500,000 and 7.5% of Consolidated EBITDA (calculated on
a Pro Forma Basis) for the latest four fiscal quarter period for which financial statements have been delivered pursuant to Section
6.1 (such amount being the “Excess Net Cash Proceeds”), then (x) the Borrower shall promptly, and in any
event not later than five Business Days after receipt of such Net Cash Proceeds, notify the Administrative Agent of such Disposition (including
the amount of Net Cash Proceeds to be received thereof) and (y) promptly upon receipt by such Group Member of such Net Cash Proceeds of
such Disposition, the Borrower shall apply an aggregate amount equal to 100% of the Excess Net Cash Proceeds, less any amount that
such Group Member plans to reinvest as permitted pursuant to the subsequent sentence, to prepay the Term Loans and the installments thereof
on a pro rata basis. With respect to any Excess Net Cash Proceeds received with respect to any such Disposition, at the option of the
Borrower, upon notice to the Administrative Agent, any Group Member may reinvest all or any portion of such Excess Net Cash Proceeds in
assets used or useful for its business within 12 months following the receipt thereof (or within 18 months if by the end of the initial
12 month period the Borrower has entered into a legally binding commitment to invest such Excess Net Cash Proceeds in assets used or useful
for its business); provided that, if any Excess Net Cash Proceeds (i) are no longer intended to be or cannot be so reinvested at
any time after delivery of a notice of reinvestment election, an amount equal to any such Excess Net Cash Proceeds shall be applied within
five Business Days after the Borrower reasonably determines that such Excess Net Cash Proceeds are no longer intended to be or cannot
be so reinvested to the prepayment of installments due in respect of the Term Loans on a pro rata basis and in accordance with Section
2.3 and 2.16(b) and (ii) are received by a Loan Party in respect of a Disposition of Collateral, if a reinvestment election
is made, such Excess Net Cash Proceeds must be reinvested in assets constituting Collateral owned by a Loan Party, as applicable.

 

(d)                Limitations
on Repatriation. Notwithstanding any other provisions of this Section 2.10, (i) to the extent that any or all of the Net
Cash Proceeds of any Disposition by a Foreign Subsidiary giving rise to a prepayment event pursuant to Section 2.10(c) (a
“Foreign Disposition”) are prohibited, delayed or restricted by (I) applicable local law or (II) the
material constituent documents of any Subsidiary, in any case, from being repatriated to the Borrower, an amount equal to the
portion of such Net Cash Proceeds so affected will not be required to be applied to repay Term Loans at the times provided in Section
2.10(c) but may be retained by the applicable Subsidiary so long, but only so long, as (x) the applicable local law will not
permit repatriation to the Borrower (the Borrower hereby agreeing to use commercially reasonable efforts to cause the applicable
Subsidiary to promptly take all actions reasonably required by the applicable local law to permit such repatriation) or (y) the
material constituent documents of the applicable Subsidiary (including as a result of minority ownership) will not permit
repatriation to the Borrower, and once such repatriation of any of such affected Net Cash Proceeds is permitted under the applicable
local law or applicable material constituent documents, such repatriation will be promptly effected and an amount equal to such
repatriated Net Cash Proceeds will be promptly (and in any event not later than five Business Days after such repatriation) applied
(net of additional taxes payable or reserved against pursuant to applicable local law and not, for the avoidance of doubt, U.S. law,
as a result thereof) to the repayment of the Term Loans pursuant to Section 2.10(c) to the extent provided herein and (ii) to
the extent that the Borrower has determined in good faith that repatriation of any or all of the Net Cash Proceeds of any Foreign
Disposition attributable to Foreign Subsidiaries would have an adverse tax consequence (other than a de minimis amount) (as
determined in good faith by the Borrower) with respect to such Net Cash Proceeds, the Net Cash Proceeds so affected will not be
required to be applied to repay Term Loans at the times provided in Section 2.10(c) but may be retained by the applicable
Foreign Subsidiary until such time as it may repatriate such amount without incurring such adverse tax consequences (at which time
the Borrower shall make a payment to repay the Term Loans to the extent provided herein).

 

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(e)                
Indebtedness. If the Borrower or any of its Subsidiaries incurs any Indebtedness, other than Indebtedness permitted under
Section 7.2, which results in the realization or receipt by any Group Member of Net Cash Proceeds, then (i) the Borrower shall
promptly, and in any event not later than five Business Days after receipt of the Net Cash Proceeds, notify the Administrative Agent of
the same (including the amount of Net Cash Proceeds to be received) and (ii) promptly upon receipt by such Group Member of such Net Cash
Proceeds, the Borrower shall apply an aggregate amount equal to 100% of the amount of all such Net Cash Proceeds to the prepayment of
installments due in respect of the Term Loans on a pro rata basis and in accordance with Section 2.3 and 2.16(b).

 

(f)                 
Excess Cash Flow. Until the Term Loan Maturity Date, as the case may be, commencing with the fiscal year ending September
30, 2022, the Borrowers shall, within 90 days after the end of each fiscal year of the Borrower, prepay the Term Loans on a pro rata basis,
until the Terms Loans have been repaid in full in an amount equal to (i) 75% of Excess Cash Flow for the immediately preceding fiscal
year if the Consolidated Secured Leverage Ratio as determined on the last day of such fiscal year, for the period of four fiscal quarters
then ending, was greater than or equal to 3.25 to 1.00, (ii) 50% of Excess Cash Flow for the immediately preceding fiscal year if the
Consolidated Secured Leverage Ratio as determined on the last day of such fiscal year, for the period of four fiscal quarters then ending,
was less than 3.25 to 1.00, but greater than or equal to 2.75 to 1.00, (iii) 25% of Excess Cash Flow for the immediately preceding fiscal
year, if the Consolidated Secured Leverage Ratio as determined on the last day of such fiscal year, for the period of four fiscal quarters
then ending, was less than 2.75 to 1.00, but greater than or equal to 2.25 to 1.00, and (iv) 0% of Excess Cash Flow for the immediately
preceding fiscal year if the Consolidated Secured Leverage Ratio as determined on the last day of such fiscal year, for the period of
four fiscal quarters then ending, was less than 2.25 to 1.00 minus, (without duplication for amounts deducted in the calculation
of Excess Cash Flow) on a dollar-for-dollar basis, aggregate principal amount of all voluntary prepayments of Loans (and in the
case of any Revolving Loans, a corresponding commitment reduction) and other Indebtedness secured by Liens on the Collateral that are
pari passu with the Liens on the Collateral securing the Term Loans during such fiscal year or, without duplication, after the end of
such fiscal year but prior to the time such Excess Cash Flow payment is due; provided, in no event shall the Excess Cash Flow payment
be less than zero (0) and, such prepayment of Term Loans shall only be required to the extent the required Excess Cash Flow prepayment
is greater than the greater of $5,000,000 or 5% of Consolidated EBITDA (calculated on a Pro Forma Basis) for the latest four fiscal quarter
period for which financial statements have been delivered pursuant to Section 6.1 (and only the amounts in excess of such threshold
shall be required to be applied to prepay the Term Loans pursuant to this Section 2.10(f)). Each Excess Cash Flow prepayment shall be
accompanied by a certificate signed by a Responsible Officer of the Company certifying the manner in which Excess Cash Flow and the resulting
prepayment were calculated, which certificate shall be in form and substance satisfactory to Administrative Agent. Each Excess Cash Flow
prepayment will be applied to the prepayment of installments due in respect of the Term Loans on a pro rata basis and in accordance with
Section 2.3 and 2.16(b).

 

2.11            
Conversion and Continuation Options.

 

(a)                
The Borrower may elect from time to time to convert Eurodollar Loans to ABR Loans by giving the Administrative Agent prior irrevocable
notice in a Notice of Conversion/Continuation of such election no later than 12:00 P.M., Central time, on the Business Day preceding the
proposed conversion date; provided that any such conversion of Eurodollar Loans may only be made on the last day of an Interest
Period with respect thereto. Subject to Section 2.15, the Borrower may elect from time to time to convert ABR Loans to Eurodollar
Loans by giving the Administrative Agent prior irrevocable notice (which notice shall specify the length of the initial Interest Period
therefor) in a Notice of Conversion/Continuation of such election no later than 12:00 P.M., Central time, (i) three Business Days prior
to the date of the requested conversion, in the case of Eurodollar Loans denominated in Dollars, and (ii) four Business Days (or five
Business Days in the case of a Special Notice Currency) prior to the date of the requested conversion, in the case of Eurodollar Loans
denominated in Alternative Currencies; provided that no ABR Loan may be converted into a Eurodollar Loan when any Event of Default
has occurred and is continuing. Upon receipt of any such notice, the Administrative Agent shall promptly notify each relevant Lender thereof.

 

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(b)               
 Subject to Section 2.15, any Eurodollar Loan may be continued as such upon the expiration of the then current Interest
Period with respect thereto by the Borrower giving irrevocable notice in a Notice of Conversion/Continuation to the Administrative Agent
by no later than 12:00 P.M., Central time, (i) three Business Days prior to the date of the requested continuation, in the case of Eurodollar
Loans denominated in Dollars, and (ii) four Business Days (or five Business Days in the case of a Special Notice Currency) prior to the
date of the requested continuation, in the case of Eurodollar Loans denominated in Alternative Currencies, and provided that such
notice is otherwise in accordance with the applicable provisions of the term “Interest Period” set forth in Section 1.1
and specifies the length of the next Interest Period to be applicable to such Loans; provided further that no Eurodollar Loan may
be continued as such when any Event of Default has occurred and is continuing; provided further that if the Borrower shall fail
to give any required notice as described above in this paragraph or if such continuation is not permitted pursuant to the preceding proviso,
such Loans shall automatically be converted to ABR Loans on the last day of such then expiring Interest Period and any or all of the then
outstanding Eurodollar Loans denominated in an Alternative Currency shall be prepaid, or redenominated into Dollars in the amount of the
Dollar Equivalent thereof. Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender thereof.

 

2.12           
Limitations on Eurodollar Tranches. Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions
and continuations of Eurodollar Loans and all selections of Interest Periods shall be in such amounts and be made pursuant to such elections
so that no more than seven Eurodollar Tranches shall be outstanding at any one time.

 

2.13            
Interest Rates and Payment Dates.

 

(a)                
Each Eurodollar Loan shall bear interest for each day during each Interest Period with respect thereto at a rate per annum equal
to (i) the Eurodollar Rate determined for such day plus (ii) the Applicable Margin.

 

(b)              
Each ABR Loan (including any Swingline Loan) shall bear interest at a rate per annum equal to (i) the ABR plus (ii) the
Applicable Margin.

 

(c)              
If requested by Required Lenders in writing during the continuance of an Event of Default, all outstanding Loans and other amounts
hereunder shall bear interest at a rate per annum equal to the rate that would otherwise be applicable thereto pursuant to the foregoing
provisions of this Section plus 2.00% (the “Default Rate”), provided that for any Eurodollar Loan
denominated in an Alternative Currency that is not redenominated into Dollars at the end of the applicable Interest Period, the Default
Rate for such Loans shall be a rate per annum equal to the sum of (i) the Applicable Margin for Eurodollar Loans plus (ii) two
percent (2%) plus (iii) the rate of interest per annum as determined by the Administrative Agent (rounded upwards, if necessary,
to the next higher 1/100,000 of 1%) at which overnight or weekend deposits (or, if such amount due remains unpaid more than three Business
Days, then for such other period of time not longer than one month as the Administrative Agent may determine) of the relevant Alternative
Currency for delivery in immediately available and freely transferable funds would be offered by the Administrative Agent to major banks
in the interbank market upon request of such major banks for the applicable period as determined above and in an amount comparable to
the unpaid principal amount of any such Eurodollar Loan (or, if the Administrative Agent is not placing deposits in such currency in the
interbank market, then the Administrative Agent’s cost of funds in such currency for such period); provided further that
the Default Rate shall apply to all outstanding Loans automatically and without any Required Lender notice thereof upon the occurrence
of any Event of Default arising under Section 8.1(a) or Section 8.1(f); and provided further, that the Default Rate
shall be automatically suspended when any Event of Default is waived.

 

(d)               
Interest on the outstanding principal amount of each Loan shall be payable in arrears on each Interest Payment Date; provided
that interest accruing pursuant to Section 2.13(c) shall be payable from time to time on demand.

 

2.14            
Computation of Interest and Fees.

 

(a)                 Interest
and fees payable pursuant hereto shall be calculated on the basis of a 360-day year for the actual days elapsed (or, in the case of
Eurodollar Loans denominated in Alternative Currencies as to which market practice differs, in accordance with market practice),
except that, with respect to ABR Loans the rate of interest on which is calculated on the basis of the Prime Rate (or, as
applicable, on the basis of the Eurodollar Rate), the interest thereon shall be calculated on the basis of a 365- (or 366-, as the
case may be) day year for the actual days elapsed. The Administrative Agent shall as soon as practicable notify the Borrower and the
relevant Lenders of each determination of a Eurodollar Rate (and, as applicable, of the determination of the Eurodollar Rate
applicable to such ABR Loan). Any change in the interest rate on a Loan resulting from a change in the ABR or the Eurocurrency
Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes effective. The
Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of the effective date and the amount
of each such change in interest rate.

 

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(b)               
Each determination of an interest rate by the Administrative Agent pursuant to any provision of this Agreement shall be conclusive
and binding on the Borrower and the Lenders in the absence of manifest error. The Administrative Agent shall, at the request of the Borrower,
deliver to the Borrower a statement showing the quotations used by the Administrative Agent in determining any interest rate pursuant
to Section 2.14(a).

 

2.15            
Inability to Determine Interest Rate.

 

(a)                
If prior to the first day of any Interest Period (or, as applicable, on any day on which an ABR Loan bearing interest determined
by reference to the Eurodollar Rate, is outstanding), the Administrative Agent shall have determined (which determination shall be conclusive
and binding upon the Borrower) in connection with any request for a Eurodollar Loan, a request for an ABR Loan to bear interest with reference
to the Eurodollar Rate, or a conversion to or a continuation of either of the foregoing that, by reason of circumstances affecting the
relevant market, (i) Dollar or Alternative Currency, as applicable, deposits are not being offered to banks in the London interbank market
for the applicable amount and Interest Period of such requested Loan or conversion or continuation, as applicable, (ii) adequate and reasonable
means do not exist for ascertaining the Eurodollar Rate for such Interest Period, or (iii) the Eurodollar Rate determined or to be determined
for such Interest Period will not adequately and fairly reflect the cost to such Lenders (as conclusively certified by such Lenders) of
making or maintaining their affected Loans during such Interest Period, then, in any such case (i), (ii) or (iii), the Administrative
Agent shall promptly notify the Borrower and the relevant Lenders thereof as soon as practicable thereafter. Any such determination shall
specify the basis for such determination and shall, in the absence of manifest error, be conclusive and binding for all purposes. Thereafter,
(i) any Eurodollar Loans under the relevant Facility requested to be made on the first day of such Interest Period shall be made as ABR
Loans, (ii) any such requested ABR Loans which were to have utilized the Eurodollar Rate component in determining the ABR shall not utilize
a Eurodollar Rate component in determining the ABR applicable to such requested ABR Loan, (iii) any Loans under the relevant Facility
that were to have been converted on the first day of such Interest Period to Eurodollar Loans shall be continued as ABR Loans and (iv)
any outstanding Eurodollar Loans under the relevant Facility shall be converted, on the last day of the then-current Interest Period,
to ABR Loans. Until such notice has been withdrawn by the Administrative Agent, no further Eurodollar Loans under the relevant Facility
shall be made or continued as such, nor shall the Borrower have the right to convert Loans under the relevant Facility to Eurodollar Loans,
and the utilization of the Eurodollar Rate component in determining ABR shall be suspended.

 

2.16            
Pro Rata Treatment and Payments.

 

(a)                
Each borrowing by the Borrower from the Lenders hereunder, each payment by the Borrower on account of any commitment fee and any
reduction of the Commitments shall be made pro rata according to the respective Term Percentages, L/C Percentages or Revolving Percentages,
as the case may be, of the relevant Lenders.

 

(b)               
Except as otherwise provided herein, each payment (including each prepayment) by the Borrower on account of principal of and interest
on the Term Loans shall be made pro rata according to the respective outstanding principal amounts of the Term Loans then held by the
Term Lenders. The amount of each principal prepayment of the Term Loans shall be applied to reduce the then remaining installments of
the Term Loans pro rata based upon the respective then remaining principal amounts thereof. Any prepayment of Loans shall be applied to
the then outstanding Term Loans on a pro rata basis regardless of type. Amounts prepaid on account of the Term Loans may not be reborrowed.

 

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(c)                
 Each payment (including each prepayment) by the Borrower on account of principal of and interest on the Revolving Loans shall
be made pro rata according to the respective outstanding principal amounts of the Revolving Loans then held by the Revolving Lenders.

 

(d)               
All payments (including prepayments) to be made by the Borrower hereunder, whether on account of principal, interest, fees or otherwise,
shall be made without condition or deduction for any counterclaim, defense, recoupment or setoff and shall be made prior to 2:00 P.M.,
Central time, on the due date thereof to the Administrative Agent, for the account of the Lenders, at the applicable Funding Office or,
if such payment is to be made in an Alternative Currency, no later than the Applicable Time to such office as the Administrative Agent
has previously specified in a notice to the Borrower for such currency, in each case for the benefit of the Lender(s) or L/C Issuer entitled
thereto; provided that payments in an Alternative Currency shall be made in a jurisdiction located in the European Union or a former
member of the European Union that is customary for settlement of such currency. All such payments shall be made (i) in Dollars, in immediately
available funds at the place of payment, or (ii) in the case of amounts payable hereunder in an Alternative Currency, in such Alternative
Currency in such funds then customary for the settlement of international transactions in such currency, in each case without set-off
or counterclaim. The Administrative Agent shall distribute such payments to the Lenders promptly upon receipt in like funds as received.
Any payment received by the Administrative Agent after 2:00 P.M. Central time, shall be deemed received on the next succeeding Business
Day and any applicable interest or fee shall continue to accrue. If any payment hereunder (other than payments on the Eurodollar Loans)
becomes due and payable on a day other than a Business Day, such payment shall be extended to the next succeeding Business Day. If any
payment on a Eurodollar Loan becomes due and payable on a day other than a Business Day, the maturity thereof shall be extended to the
next succeeding Business Day unless the result of such extension would be to extend such payment into another calendar month, in which
event such payment shall be made on the immediately preceding Business Day. In the case of any extension of any payment of principal pursuant
to the preceding two sentences, interest thereon shall be payable at the then applicable rate during such extension. Without limiting
the generality of the foregoing, the Administrative Agent may require that any payments due under this Agreement be made in the United
States. If, for any reason, the Borrower is prohibited by any Requirement of Law from making any required payment hereunder in an Alternative
Currency, the Borrower shall make such payment in Dollars in the Dollar Equivalent of the Alternative Currency payment amount.

 

(e)                
Unless the Administrative Agent shall have been notified in writing by any Lender prior to the date of any borrowing that such
Lender will not make the amount that would constitute its share of such borrowing available to the Administrative Agent, the Administrative
Agent may assume that such Lender is making such amount available to the Administrative Agent on such date in accordance with Section
2, and the Administrative Agent may, in reliance upon such assumption, make available to the Borrower a corresponding amount. If such
amount is not in fact made available to the Administrative Agent by the required time on the Borrowing Date therefor, such Lender and
the Borrower severally agree to pay to the Administrative Agent, on demand, such corresponding amount with interest thereon, for each
day from and including the date on which such amount is made available to the Borrower but excluding the date of payment to the Administrative
Agent, at (i) in the case of a payment to be made by such Lender, a rate equal to the greater of (A) the Federal Funds Effective
Rate, and (B) a rate reasonably determined by the Administrative Agent in accordance with banking industry rules on interbank compensation,
and with respect to any Alternative Currency, as is current market practice in such currency, and (ii) in the case of a payment to be
made by the Borrower, the rate per annum applicable to ABR Loans under the relevant Facility. If the Borrower and such Lender shall pay
such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the
Borrower the amount of such interest paid by the Borrower for such period. If such Lender pays its share of the applicable borrowing to
the Administrative Agent, then the amount so paid shall constitute such Lender’s Loan included in such borrowing. Any payment by
the Borrower shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment
to the Administrative Agent.

 

(f)                  Unless
the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the
Administrative Agent for the account of the Lenders or the Issuing Lenders hereunder that the Borrower will not make such payment,
the Administrative Agent may assume that the Borrower is making such payment on such date in accordance herewith and may, in
reliance upon such assumption, distribute to the Lenders or the applicable Issuing Lender, as the case may be, the amount due. In
such event, if the Borrower has not in fact made such payment, then each of the Lenders or the applicable Issuing Lender, as the
case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or
such Issuing Lender, with interest thereon, for each day from and including the date such amount is distributed to it to but
excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Effective Rate and a rate determined
by the Administrative Agent in accordance with banking industry rules on interbank compensation and with respect to any Alternative
Currency, as is current market practice in such currency. Nothing herein shall be deemed to limit the rights of Administrative Agent
or any Lender against any Loan Party.

 

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(g)               
If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the foregoing
provisions of this Section 2, and such funds are not made available to the Borrower by the Administrative Agent because the conditions
to the applicable extension of credit set forth in Section 5.1 or Section 5.2 are not satisfied or waived in accordance
with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender, without
interest.

 

(h)               
The obligations of the Lenders hereunder to (i) make Term Loans, (ii) make Revolving Loans, (iii) to fund its participations in
L/C Disbursements in accordance with its respective L/C Percentage, (iv) to fund its respective Swingline Participation Amount of any
Swingline Loan, and (v) to make payments pursuant to Section 9.7, as applicable, are several and not joint. The failure of any
Lender to make any such Loan, to fund any such participation or to make any such payment under Section 9.7 on any date required
hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible
for the failure of any other Lender to so make its Loan, to purchase its participation or to make its payment under Section 9.7.

 

(i)                 
Nothing herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular place or manner or to
constitute a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner.

 

(j)                 
If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal,
interest and fees then due hereunder, such funds shall be applied (i) first, toward payment of interest and fees then due hereunder,
ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second,
toward payment of principal then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal
then due to such parties.

 

(k)               If
any Lender shall obtain any payment (whether voluntary, involuntary, through the exercise of any right of set-off, or otherwise) on
account of the principal of or interest on any Loan made by it, its participation in the L/C Exposure or other obligations
hereunder, as applicable (other than pursuant to a provision hereof providing for non-pro rata treatment), in excess of its Term
Percentage, Revolving Percentage or L/C Percentage, as applicable, of such payment on account of the Loans or participations
obtained by all of the Lenders, such Lender shall forthwith advise the Administrative Agent of the receipt of such payment, and
within five Business Days of such receipt purchase (for cash at face value) from the other Term Lenders, Revolving Lenders or L/C
Lenders, as applicable (through the Administrative Agent), without recourse, such participations in the Term Loans or Revolving
Loans made by them and/or participations in the L/C Exposure held by them, as applicable, or make such other adjustments as shall be
equitable, as shall be necessary to cause such purchasing Lender to share the excess payment ratably with each of the other Lenders
in accordance with their respective Term Percentages, Revolving Percentages or L/C Percentages, as applicable; provided,
however, that if all or any portion of such excess payment is thereafter recovered by or on behalf of the Borrower from such
purchasing Lender, the purchase shall be rescinded and the purchase price restored to the extent of such recovery, but without
interest. The Borrower agrees that any Lender so purchasing a participation from another Lender pursuant to this Section
2.16(k) may exercise all its rights of payment (including the right of set-off) with respect to such participation as fully as
if such Lender were the direct creditor of the Borrower in the amount of such participation. No documentation other than notices and
the like referred to in this Section 2.16(k) shall be required to implement the terms of this Section 2.16(k). The
Administrative Agent shall keep records (which shall be conclusive and binding in the absence of manifest error) of participations
purchased pursuant to this Section 2.16(k) and shall in each case notify the Term Lenders, the Revolving Lenders or the L/C
Lenders, as applicable, following any such purchase. The provisions of this Section 2.16(k) shall not be construed to apply
to (i) any payment made by or on behalf of the Borrower pursuant to and in accordance with the express terms of this Agreement
(including the application of funds arising from the existence of a Defaulting Lender), (ii) the application of Cash Collateral
provided for in Section 3.10, or (iii) any payment obtained by a Lender as consideration for the assignment of or sale of a
participation in any of its Loans or sub-participations in any L/C Exposure to any assignee or participant, other than an assignment
to the Borrower or any Subsidiary thereof (as to which the provisions of this Section shall apply unless such assignment is
consented to by the Required Lenders). The Borrower consents on behalf of itself and each other Loan Party to the foregoing and
agrees, to the extent it may effectively do so under applicable law, that any Lender acquiring a participation pursuant to the
foregoing arrangements may exercise against each Loan Party rights of setoff and counterclaim with respect to such participation as
fully as if such Lender were a direct creditor of each Loan Party in the amount of such participation. For the avoidance of doubt,
no amounts received by the Administrative Agent or any Lender from any Guarantor that is not a Qualified ECP Guarantor shall be
applied in partial or complete satisfaction of any Excluded Swap Obligations.

 

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(l)                 
Notwithstanding anything to the contrary in this Agreement, the Administrative Agent may, in its discretion at any time or from
time to time, without the Borrower’s request and even if the conditions set forth in Section 5.2 would not be satisfied,
make a Revolving Loan in an amount equal to the portion of the Obligations constituting overdue interest and fees and Swingline Loans
from time to time due and payable to itself, any Revolving Lender, the Swingline Lender or any Issuing Lender, and apply the proceeds
of any such Revolving Loan to those Obligations; provided that after giving effect to any such Revolving Loan, the aggregate outstanding
Revolving Loans will not exceed the Total Revolving Commitments then in effect.

 

2.17            
Illegality; Requirements of Law.

 

(a)                
Illegality. If any Lender determines that any Requirement of Law has made it unlawful, or that any Governmental Authority
has asserted that it is unlawful, for such Lender to make, maintain or fund Loans whose interest is determined with reference to the Eurodollar
Rate, or to determine or charge interest rates based upon the Eurodollar Rate, or any Governmental Authority has imposed material restrictions
on the authority of such Lender to purchase or sell, or to take deposits of, Dollars in the London interbank market, then, on notice thereof
by such Lender to the Borrower through the Administrative Agent, (i) any obligation of such Lender to make or continue Eurodollar Loans
or to convert ABR Loans to Eurodollar Loans shall be suspended; provided that such Lender shall make and continue ABR Loans in
a manner consistent with the terms hereof, and (ii) if such notice asserts the illegality of such Lender making or maintaining ABR Loans
the interest rate on which is determined by reference to the Eurodollar Rate component of the ABR, the interest on such ABR Loans of such
Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Eurodollar Rate
component of the ABR, in each case, until such Lender notifies the Administrative Agent and the Borrower that the circumstances giving
rise to such determination no longer exist. Upon receipt of such notice, (x) the Borrower shall, upon demand from such Lender (with a
copy to the Administrative Agent), prepay or, if applicable, convert all Eurodollar Loans of such Lender to ABR Loans (the interest on
which ABR Loans of such Lender shall, if necessary to avoid the illegality, be determined by the Administrative Agent without reference
to the Eurodollar Rate component of the ABR), either on the last day of the Interest Period therefor, if such Lender may lawfully continue
to maintain such Eurodollar Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurodollar Loans,
and (y) if such notice asserts the illegality of such Lender determining or charging interest based upon the Eurodollar Rate, the Administrative
Agent shall, during the period of such suspension, compute the ABR applicable to such Lender without reference to the Eurodollar Rate
component of the ABR until the Administrative Agent is advised in writing by such Lender that it is no longer illegal for such Lender
to determine or charge interest based on the Eurodollar Rate. Upon any such prepayment or conversion, the Borrower shall also pay accrued
interest on the amount so prepaid or converted.

 

(b)               
Requirements of Law. If the adoption of or any change in any Requirement of Law or in the administration, interpretation,
implementation or application thereof by a Governmental Authority having jurisdiction or the making or issuance of any request, rule,
guidance or directive (whether or not having the force of law) by any Governmental Authority made subsequent to the date hereof:

 

(i)                 
shall subject any Recipient to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses (b) through (d) of the
definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations,
or its deposits, reserves, other liabilities or capital attributable thereto;

 

(ii)               
shall impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement
against assets of, deposits with or for the account of or credit extended or participated in by, any Lender (except any reserve requirement
reflected in the Eurodollar Rate); or

 

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(iii)             
 impose on any Lender or the London interbank market any other condition, cost or expense (other than Taxes) affecting this Agreement
or Loans made by such Lender or any Letter of Credit or participation therein;

 

and the result of any of the
foregoing is to increase the cost to such Lender or such other Recipient of making, converting to, continuing or maintaining Loans determined
with reference to the Eurodollar Rate or of maintaining its obligation to make such Loans, or to increase the cost to such Lender or such
other Recipient of issuing, maintaining or participating in Letters of Credit (or of maintaining its obligation to participate in or to
issue any Letter of Credit), or to reduce any amount receivable or received by such Lender or other Recipient hereunder in respect thereof
(whether in respect of principal, interest or any other amount), then, in any such case, upon the request of such Lender or other Recipient
(which request shall include an explanation of the basis for such request), the Borrower shall promptly pay such Lender or other Recipient,
as the case may be, any additional amounts necessary to compensate such Lender or other Recipient, as the case may be, for such increased
cost or reduced amount receivable. If any Lender becomes entitled to claim any additional amounts pursuant to this paragraph, it shall
promptly notify the Borrower (with a copy to the Administrative Agent) of the event by reason of which it has become so entitled.

 

(c)                
If any Lender determines that any change in any Requirement of Law affecting such Lender or any lending office of such Lender or
such Lender’s holding company, if any, regarding capital or liquidity requirements, has or would have the effect of reducing the
rate of return on such Lender’s capital or on the capital of such Lender’s holding company, if any, as a consequence of this
Agreement, the Commitments of such Lender or the Loans made by, or participations in Letters of Credit or Swingline Loans held by, such
Lender, or the Letters of Credit issued by any Issuing Lender, to a level below that which such Lender or such Lender’s holding
company could have achieved but for such change in such Requirement of Law (taking into consideration such Lender’s policies and
the policies of such Lender’s holding company with respect to capital adequacy and liquidity), then from time to time, upon the
request of such Lender (which request shall include an explanation of the basis for such request) the Borrower will pay to such Lender
or such Issuing Lender, as the case may be, such additional amount or amounts as will compensate such Lender or such Issuing Lender or
such Lender’s or such Issuing Lender’s holding company for any such reduction suffered.

 

(d)               
For purposes of this Agreement, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines,
or directives in connection therewith are deemed to have gone into effect and been adopted after the date of this Agreement, and (ii)
all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision
(or any successor or similar authority) or the United States regulatory authorities, in each case pursuant to Basel III, shall in each
case be deemed to be a change in any Requirement of Law, regardless of the date enacted, adopted or issued.

 

(e)                
A reasonably detailed written certificate as to any additional amounts payable pursuant to paragraphs (b), (c), or (d) of this
Section submitted by any Lender to the Borrower (with a copy to the Administrative Agent) shall be conclusive in the absence of manifest
error. The Borrower shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt of such certificate.
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. Notwithstanding anything to the contrary in this Section 2.17, the Borrower shall not be required
to compensate a Lender pursuant to this Section 2.17 for any amounts incurred more than nine months prior to the date that such
Lender notifies the Borrower of the change in the Requirement of Law giving rise to such increased costs and reductions, and of such Lender’s
intention to claim compensation therefor; provided that if the circumstances giving rise to such claim have a retroactive effect,
then such nine-month period shall be extended to include the period of such retroactive effect. The obligations of the Borrower arising
pursuant to this Section 2.17 shall survive the Discharge of Obligations and the resignation of the Administrative Agent.

 

2.18            
Taxes. For purposes of this Section 2.18, the term “Lender” includes each Issuing Lender and the term “applicable
law” includes FATCA.

 

(a)                 Payments
Free of Taxes. Any and all payments by or on account of any obligation of any Loan Party under any Loan Document shall be made
without deduction or withholding for any Taxes, except as required by applicable law and the Borrower shall, and shall cause each
other Loan Party, to comply with the requirements set forth in this Section 2.18. If any applicable law (as determined in the
good faith discretion of an applicable Withholding Agent) requires the deduction or withholding of any Tax from any such payment by
a Withholding Agent, then the applicable Withholding Agent shall be entitled to make such deduction or withholding and shall timely
pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable law and, if such Tax
is an Indemnified Tax, then the sum payable by the applicable Loan Party shall be increased as necessary so that after such
deduction or withholding has been made (including such deductions and withholdings applicable to additional sums payable under this
Section) the applicable Recipient receives an amount equal to the sum it would have received had no such deduction or withholding
been made.

 

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(b)                 
Payment of Other Taxes. The Borrower shall, and shall cause each other Loan Party to, timely pay to the relevant Governmental
Authority in accordance with applicable law, or at the option of the Administrative Agent timely reimburse it for the payment of, any
Other Taxes applicable to such Loan Party.

 

(c)                
Evidence of Payments. As soon as practicable after any payment of Taxes by any Loan Party to a Governmental Authority pursuant
to this Section 2.18, the Borrower shall, or shall cause such other Loan Party to, deliver to the Administrative Agent the original
or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment
or other evidence of such payment reasonably satisfactory to the Administrative Agent.

 

(d)              
Indemnification by Loan Parties. The Borrower shall, and shall cause each other Loan Party to, jointly and severally indemnify
each Recipient, within 10 days after demand therefor for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed
or asserted on or attributable to amounts payable under this Section 2.18) payable or paid by such Recipient or required to be
withheld or deducted from a payment to such Recipient and any reasonable expenses arising therefrom or with respect thereto (including
any recording and filing fees with respect thereto or resulting therefrom and any liabilities with respect to, or resulting from, any
delay in paying such Indemnified Taxes), whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant
Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender (with a copy
to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest
error. For avoidance of doubt, if any Loan Party fails to pay any Taxes when due to the appropriate taxing authority or fails to remit
to the Administrative Agent the required receipts or other required documentary evidence, such Loan Party shall indemnify the Administrative
Agent and the Lenders for any incremental taxes, interest or penalties that may become payable by the Administrative Agent or any Lender
as a result of any such failure.

 

(e)                
Indemnification by Lenders. Each Lender shall severally indemnify the Administrative Agent, within 10 days after demand
therefor, for (i) any Indemnified Taxes attributable to such Lender (but only to the extent that any Loan Party has not already indemnified
the Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Loan Parties to do so), (ii) any Taxes
attributable to such Lender’s failure to comply with the provisions of Section 10.6 relating to the maintenance of a Participant
Register and (iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent
in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes
were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or
liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes
the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise
payable by the Administrative Agent to the Lender from any other source against any amount due to the Administrative Agent under this
paragraph (e).

 

(f)                 
Status of Lenders.

 

(i)                  Any
Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document
shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the
Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower or the Administrative
Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if
reasonably requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable
law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to
determine whether or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding
anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than
such documentation set forth in Sections 2.18(f)(ii)(A), (ii)(B) and (ii)(D) below) shall not be required if
the Lender is not legally entitled to complete, execute or deliver such documentation or, in the Lender’s reasonable judgment,
such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially
prejudice the legal or commercial position of such Lender.

 

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(ii)               
Without limiting the generality of the foregoing, in the event that the Borrower is a U.S. Person,

 

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

 

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

 

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

 

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

 

(3)             
in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 871(h) or Section 881(c)
of the Code, (x) a certificate substantially in the form of Exhibit F-1 to the effect that such Foreign Lender is not a “bank”
within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the Borrower within the meaning of Section
881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S.
Tax Compliance Certificate”) and (y) copies of executed originals of IRS Form W-8BEN or IRS Form W-8BEN-E; or

 

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

 

(C)             
any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in
such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under
this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), copies of executed
originals of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding
Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable law to permit the Borrower or the
Administrative Agent to determine the withholding or deduction required to be made; and

 

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(D)              
 if a payment made to a Lender under any Loan Document would be subject to withholding Tax imposed by FATCA if such Lender were
to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the
Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent at the time or times prescribed by law and
at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed by applicable law
(including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower
or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with their obligations under FATCA
and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount, if any, to
deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA” shall include any amendments made to
FATCA after the date of this Agreement.

 

(iii)             
Each Lender agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect,
it shall update such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its legal inability
to do so. Each Foreign Lender shall promptly notify the Borrower at any time it determines that it is no longer in a position to provide
any previously delivered certificate to the Borrower (or any other form of certification adopted by the U.S. taxing authorities for such
purpose). Notwithstanding any other provision of this paragraph, a Foreign Lender shall not be required to deliver any form pursuant to
this paragraph that such Foreign Lender is not legally able to deliver.

 

(g)               
Treatment of Certain Refunds. If any party determines, in its reasonable discretion exercised in good faith, that it has
received a refund of any Taxes as to which it has been indemnified pursuant to this Section 2.18 (including by the payment of additional
amounts pursuant to this Section 2.18), it shall pay to the indemnifying party an amount equal to such refund (but only to the
extent of indemnity payments made under this Section with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses
(including Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority
with respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party
the amount paid over pursuant to this paragraph (g) (plus any penalties, interest or other charges imposed by the relevant Governmental
Authority) in the event that such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything
to the contrary in this paragraph (g), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant
to this paragraph (g) the payment of which would place the indemnified party in a less favorable net after-Tax position than the indemnified
party would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise
imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This paragraph shall not
be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes that it
deems confidential) to the indemnifying party or any other Person.

 

(h)               
Survival. Each party’s obligations under this Section 2.18 shall survive the resignation or replacement of
the Administrative Agent, any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments, and the Discharge
of Obligations.

 

2.19             Indemnity. The
Borrower agrees to indemnify each Lender for, and to hold each Lender harmless from, any loss or expense that such Lender may
sustain or incur as a consequence of (a) a default by the Borrower in making a borrowing of, conversion into or continuation of
Eurodollar Loans after the Borrower has given a notice requesting the same in accordance with the provisions of this Agreement, (b)
a default by the Borrower in making any prepayment of or conversion from Eurodollar Loans after the Borrower has given a notice
thereof in accordance with the provisions of this Agreement, or (c) for any reason, the making of a prepayment of Eurodollar Loans
on a day that is not the last day of an Interest Period with respect thereto. Such losses and expenses shall be equal to the excess,
if any, of (i) the amount of interest that would have accrued on the amount so prepaid, or not so borrowed, reduced, converted or
continued, for the period from the date of such prepayment or of such failure to borrow, reduce, convert or continue to the last day
of such Interest Period (or, in the case of a failure to borrow, reduce, convert or continue, the Interest Period that would have
commenced on the date of such failure) in each case at the applicable rate of interest or other return for such Loans provided for
herein (excluding, however, the Applicable Margin included therein, if any), over (ii) the amount of interest (as reasonably
determined by such Lender) that would have accrued to such Lender on such amount by placing such amount on deposit for a comparable
period with leading banks in the interbank eurodollar market. A certificate as to any amounts payable pursuant to this Section
submitted to the Borrower by any Lender shall be conclusive in the absence of manifest error. This covenant shall survive the
Discharge of Obligations.

 

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2.20            
Change of Lending Office. Each Lender agrees that, upon the occurrence of any event giving rise to the operation of Section
2.17(a), Section 2.17(b), Section 2.17(c), Section 2.18(a), Section 2.18(b) or Section 2.18(d)
with respect to such Lender, it will, if requested by the Borrower, use reasonable efforts (subject to overall policy considerations of
such Lender) to designate a different lending office for funding or booking its Loans affected by such event or to assign its rights and
obligations hereunder to another of its offices, branches or affiliates, in each case, with the object of avoiding the consequences of
such event; provided that such designation is made on terms that, in the sole judgment of such Lender, cause such Lender and its
lending office(s) to suffer no economic, legal, regulatory or other disadvantage; provided further that nothing in this Section
shall affect or postpone any of the obligations of the Borrower or the rights of any Lender pursuant to Section 2.17(a), Section
2.17(b), Section 2.17(c), Section 2.18(a), Section 2.18(b) or Section 2.18(d). The Borrower hereby agrees
to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment made at the request
of the Borrower.

 

2.21            
Substitution of Lenders. Upon the receipt by the Borrower of any of the following (or in the case of clause (a) below, if the
Borrower is required to pay any such amount), with respect to any Lender (any such Lender described in clauses (a) through (d) below being
referred to as an “Affected Lender” hereunder):

 

(a)               
a request from a Lender for payment of Indemnified Taxes or additional amounts under Section 2.18 or of increased costs
pursuant to Section 2.17 (and, in any such case, such Lender has declined or is unable to designate a different lending office
in accordance with Section 2.20 or is a Non-Consenting Lender);

 

(b)               
a notice from the Administrative Agent under Section 10.1(b) that one or more Minority Lenders are unwilling to agree to
an amendment or other modification approved by the Required Lenders and the Administrative Agent;

 

(c)                
notice from the Administrative Agent that a Lender is a Defaulting Lender; or

 

(d)               
notice from a Lender that a Requirement of Law has made it unlawful, or that any Governmental Authority has asserted that it is
unlawful, for such Lender to make, maintain, or fund Loans whose interest is determined with reference to the Eurodollar Rate (and, in
any such case, such Lender has declined or is unable to designate a different lending office in accordance with Section 2.20);

 

then the Borrower may, at
its sole expense and effort, upon notice to the Administrative Agent and such Affected Lender: (i) request that one or more of the
other Lenders acquire and assume all or part of such Affected Lender’s Loans and Commitments; or (ii) designate a replacement
lending institution (which shall be an Eligible Assignee) to acquire and assume all or a ratable part of such Affected
Lender’s Loans and Commitments (the replacing Lender or lender in (i) or (ii) being a “Replacement
Lender”); provided, however, that the Borrower shall be liable for the payment upon demand of all costs
and other amounts arising under Section 2.19 that result from the acquisition of any Affected Lender’s Loan and/or
Commitments (or any portion thereof) by a Lender or Replacement Lender, as the case may be, on a date other than the last day of the
applicable Interest Period with respect to any Eurodollar Loans then outstanding. The Affected Lender replaced pursuant to this Section
2.21 shall be required to assign and delegate, without recourse, all of its interests, rights other than its existing rights to
payments pursuant to Section 2.17 and Section 2.18 and obligations under this Agreement and the related Loan Documents
to one or more Replacement Lenders that so agree to acquire and assume all or a ratable part of such Affected Lender’s Loans
and Commitments upon payment to such Affected Lender of an amount (in the aggregate for all Replacement Lenders) equal to 100% of
the outstanding principal of the Affected Lender’s Loans, accrued interest thereon, accrued fees and all other amounts payable
to it hereunder and under the other Loan Documents from such Replacement Lenders (to the extent of such outstanding principal and
accrued interest and fees) or the Borrower (in the case of all other amounts, including amounts under Section 2.19 hereof).
Any such designation of a Replacement Lender shall be effected in accordance with, and subject to the terms and conditions of, the
assignment provisions contained in Section 10.6 (with the assignment fee to be paid by the Borrower in such instance), and,
if such Replacement Lender is not already a Lender hereunder or an Affiliate of a Lender or an Approved Fund, shall be subject to
the prior written consent of the Administrative Agent (which consent shall not be unreasonably withheld). Notwithstanding the
foregoing, with respect to any assignment pursuant to this Section 2.21, (a) in the case of any such assignment resulting
from a claim for compensation under Section 2.17 or payments required to be made pursuant to Section 2.18, such
assignment shall result in a reduction in such compensation or payments thereafter; (b) such assignment shall not conflict with
applicable law and (c) in the case of any assignment resulting from a Lender being a Minority Lender referred to in clause (b) of
this Section 2.21, the applicable assignee shall have consented to the applicable amendment, waiver or consent.
Notwithstanding the foregoing, an Affected Lender shall not be required to make any such assignment or delegation if, prior thereto,
as a result of a waiver by such Affected Lender or otherwise, the circumstances entitling the Borrower to require such assignment
and delegation cease to apply.

 

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2.22            
Defaulting Lenders.

 

(a)                
Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender,
then, until such time as such Lender is no longer a Defaulting Lender, to the extent permitted by applicable law:

 

(i)               
Waivers and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with
respect to this Agreement shall be restricted as set forth in Section 10.1 and in the definition of Required Lenders.

 

(ii)              
Defaulting Lender Waterfall. Any payment of principal, interest, fees or other amounts received by the Administrative Agent
for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Section 8 or otherwise, and
including any amounts made available to the Administrative Agent by such Defaulting Lender pursuant to Section 10.7), shall be
applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts
owing by such Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts
owing by such Defaulting Lender to any Issuing Lender or to the Swingline Lender hereunder; third, to be held as Cash Collateral
for the funding obligations of such Defaulting Lender of any participation in any Letter of Credit; fourth, as the Borrower may
request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender has
failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined
by the Administrative Agent and the Borrower, to be held in a deposit account and released pro rata in order to (x) satisfy such Defaulting
Lender’s potential future funding obligations with respect to Loans under this Agreement, and (y) be held as Cash Collateral for
the future funding obligations of such Defaulting Lender of any participation in any future Letter of Credit; sixth, to the payment
of any amounts owing to any L/C Lender, any Issuing Lender or the Swingline Lender as a result of any judgment of a court of competent
jurisdiction obtained by any L/C Lender, any Issuing Lender or the Swingline Lender against such Defaulting Lender as a result of such
Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default has
occurred and is continuing, to the payment of any amounts owing to the Borrower as a result of any judgment of a court of competent jurisdiction
obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under
this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided
that if (A) such payment is a payment of the principal amount of any Loans or L/C Advances in respect of which such Defaulting Lender
has not fully funded its appropriate share and (B) such Loans or L/C Advances were made at a time when the conditions set forth in Section
5.2 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and L/C Advances owed to, all Non-Defaulting
Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or L/C Advances owed to, such Defaulting Lender until
such time as all Loans and funded and unfunded participations in L/C Advances and Swingline Loans are held by the Lenders pro rata in
accordance with the Commitments under the applicable Facility without giving effect to Section 2.22(a)(iv). 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 2.22(a)(ii) shall be deemed paid to and redirected by such Defaulting Lender, and each
Lender irrevocably consents hereto.

 

(iii)             
Certain Fees.

 

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(A)              
 No Defaulting Lender shall be entitled to receive any fee pursuant to Section 2.8(a) for any period during which such Lender
is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been
paid to such Defaulting Lender).

 

(B)              
Each Defaulting Lender shall be limited in its right to receive Letter of Credit Fees as provided in Section 3.3(d).

 

(C)              
With respect to any Letter of Credit Fee not required to be paid to any Defaulting Lender pursuant to clause (B) above, the Borrower
shall (x) pay to each Non-Defaulting Lender that portion of any such Letter of Credit Fee otherwise payable to such Defaulting Lender
with respect to such Defaulting Lender’s participation in Letters of Credit that has been reallocated to such Non-Defaulting Lender
pursuant to clause (iv) below, (y) pay to the applicable Issuing Lender the amount of any such Letter of Credit Fee otherwise payable
to such Defaulting Lender to the extent allocable to such Issuing Lender’s Fronting Exposure to such Defaulting Lender, and (z)
not be required to pay the remaining amount of any such Letter of Credit Fee, as applicable.

 

(iv)              
Reallocation of Pro Rata Share to Reduce Fronting Exposure. During any period in which there is a Defaulting Lender, for
purposes of computing the amount of the obligation of each Non-Defaulting Lender to acquire, refinance or fund participations in Letters
of Credit pursuant to Section 3.4 or in Swingline Loans pursuant to Section 2.7(c), the L/C Percentage of each Non-Defaulting
Lender of any such Letter of Credit and the Revolving Percentage of each Non-Defaulting Lender of any such Swingline Loan, as the case
may be, shall be computed without giving effect to the Revolving Commitment of such Defaulting Lender; provided that, (A) each
such reallocation shall be given effect only if, at the date the applicable Lender becomes a Defaulting Lender, no Event of Default has
occurred and is continuing; (B) the aggregate obligations of each Non-Defaulting Lender to acquire, refinance or fund participations in
Letters of Credit and Swingline Loans shall not exceed the positive difference, if any, of (1) the Revolving Commitment of that non-Defaulting
Lender minus (2) the aggregate outstanding amount of the Revolving Loans of that Lender plus the aggregate amount of that
Lender’s L/C Percentage of then outstanding Letters of Credit plus the aggregate amount of that Lender’s Revolving
Percentage of then outstanding Swingline Loans that have not been converted into Revolving Loans, and (C) the conditions set forth in
Section 5.2 are satisfied at the time of such reallocation (and, unless the Borrower shall have otherwise notified the Administrative
Agent at such time, the Borrower shall be deemed to have represented and warranted that such conditions are satisfied at such time). Subject
to Section 10.23, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a
Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result
of such Non-Defaulting Lender’s increased exposure following such reallocation.

 

(v)               
Cash Collateral, Repayment of Swingline Loans. If the reallocation described in clause (iv) above cannot, or can only partially,
be effected, the Borrower shall, without prejudice to any right or remedy available to it hereunder or under law, (x) first, prepay Swingline
Loans in an amount equal to the Swingline Lender’s Fronting Exposure, and (y) second, Cash Collateralize the Issuing Lenders’
Fronting Exposure in accordance with the procedures set forth in Section 3.10.

 

(b)               
Defaulting Lender Cure. If the Borrower, the Administrative Agent, the Swingline Lender and the Issuing Lenders agree in
writing in their reasonable discretion that a Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Administrative
Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set
forth therein (which may include arrangements with respect to any Cash Collateral), such Lender will, to the extent applicable, purchase
at par that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may determine to
be necessary to cause the Loans and funded and unfunded participations in Letters of Credit and Swingline Loans to be held on a pro rata
basis by the Lenders in accordance with their respective Revolving Percentages, L/C Percentages and Term Percentages, as applicable (without
giving effect to Section 2.22(a)(iv), whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments
will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while such 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 having
been a Defaulting Lender.

 

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(c)               
 New Swingline Loans/Letters of Credit. So long as any Lender is a Defaulting Lender, (i) the Swingline Lender shall not
be required to fund any Swingline Loans unless it is satisfied that it will have no Fronting Exposure after giving effect to such Swingline
Loan and (ii) no Issuing Lender shall be required to issue, extend, renew or increase any Letter of Credit unless it is satisfied that
it will have no Fronting Exposure in respect of Letters of Credit after giving effect thereto.

 

(d)               
Termination of Defaulting Lender. The Borrower may terminate the unused amount of the Revolving Commitment of any Revolving
Lender that is a Defaulting Lender upon not less than ten Business Days’ prior notice to the Administrative Agent (which shall promptly
notify the Lenders thereof), and in such event the provisions of Section 2.22(a)(ii) will apply to all amounts thereafter paid
by the Borrower for the account of such Defaulting Lender under this Agreement (whether on account of principal, interest, fees, indemnity
or other amounts); provided that (i) no Event of Default shall have occurred and be continuing, and (ii) such termination shall
not be deemed to be a waiver or release of any claim the Borrower, the Administrative Agent, any Issuing Lender, the Swingline Lender
or any other Lender may have against such Defaulting Lender.

 

2.23            
Notes. If so requested by any Lender by written notice to the Borrower (with a copy to the Administrative Agent), the Borrower
shall execute and deliver to such Lender (and/or, if applicable and if so specified in such notice, to any Person who is an assignee of
such Lender pursuant to Section 10.6) (promptly after the Borrower’s receipt of such notice) a Note or Notes to evidence
such Lender’s Loans.

 

2.24            
Incremental Loans and Commitments.

 

(a)                
Incremental Loans and Commitments. At any time during the period commencing on the Closing Date and ending on the Business
Day prior to the Term Loan Maturity Date, provided no Default or Event of Default has occurred and is continuing and subject to the conditions
set forth in clause (d) below, upon notice to the Administrative Agent, the Borrower may, from time to time, request (i) an increase in
the aggregate principal amount of the Term Loans then outstanding (each, a “Term Commitment Increase”), (ii)
the addition of one or more new term loan facilities (which may take the form of a “term loan B” facility) (any Term Loan
under clauses (i) and (ii), an “Incremental Term Loan” and, collectively, the “Incremental Term
Loans”) from one or more existing Lenders and/or from other Eligible Assignees reasonably acceptable to the Administrative
Agent and the Borrower and (iii) new revolving credit commitments under this Agreement on the terms set forth in this Section 2.24
(each, an “Incremental Revolving Credit Commitment” and, the Loans thereunder, the “Incremental
Revolving Loans” and together with the Incremental Term Loans, the “Incremental Loans”). The aggregate
original principal amount for all such Incremental Term Loans, together with any Incremental Revolving Credit Commitments established
at any time, shall not exceed the Incremental Cap. Any Incremental Term Loan or Incremental Revolving Credit Commitment shall be in a
minimum amount of $5,000,000 (or such lower amount that represents all remaining Incremental Term Loan and Incremental Revolving Credit
Commitment availability under this Section 2.24(a)) and integral multiples of $1,000,000 in excess thereof (or such lower amount
that represents all remaining Incremental Term Loan and Incremental Revolving Credit Commitment availability under this Section 2.24(a)).

 

(b)               
Lender Election to Increase; Prospective Lenders. No Lender shall be obligated to participate in any Incremental Term Loan
or Incremental Revolving Credit Commitment. The Borrower may invite any prospective lender that satisfies the criteria of being an “Eligible
Assignee” to become a Lender pursuant to a joinder agreement in form and substance reasonably satisfactory to the Administrative
Agent in connection with the proposed Incremental Term Loan and, if applicable, the proposed Incremental Revolving Credit Commitment (provided
that the joinder of any such “Lender” for the purpose of providing all or any portion of any such Incremental Term Loan shall
not require the consent of any other Lender (including any other “Lender” that is joining this Agreement) to provide all or
part of such Incremental Term Loan).

 

(c)                
Effective Date and Allocations. If an Incremental Term Loan or Incremental Revolving Credit Commitment is to be made or
established in accordance with this Section 2.24, the Borrower shall determine the effective date (the “Increase Effective
Date”) and the final allocation of such Incremental Term Loan and, if applicable, Incremental Revolving Credit Commitment
among the Lenders.

 

(d)               
Conditions Precedent. Each of the following shall be the only conditions precedent to the making of an Incremental Term
Loan and establishment of any Incremental Revolving Credit Commitment:

 

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(i)                 
 The Borrower shall deliver to the Administrative Agent a certificate of the Borrower, dated as of the Increase Effective Date,
signed by a Responsible Officer of the Borrower and certifying the attachment of the resolutions adopted by each Loan Party, if any, approving
or consenting to such Incremental Term Loan and, if applicable, Incremental Revolving Credit Commitment or, as applicable, the guaranty
of the Obligations of the Borrower in respect thereof.

 

(ii)                
Each of the conditions precedent set forth in Sections 5.2(a) - (c) shall
be satisfied (subject to Section 1.5 with respect to a Limited Condition Acquisition).

 

(iii)             
The Borrower shall demonstrate to the reasonable satisfaction of the Administrative Agent (including by delivery of the Compliance
Certificate contemplated by clause (iv) immediately below) that the Incremental Cap would not be exceeded (or, prior to the date financial
statements are first delivered to the Administrative Agent pursuant to Section 6.1, as set forth in the Pro Forma Financial Statements),
but giving effect, on a pro forma basis, to the requested Incremental Term Loan and, if applicable, Incremental Revolving Credit
Commitment (as if such requested Incremental Term Loan had been made on such day and assuming the full amount available under any Incremental
Revolving Credit Commitment is drawn and excluding the cash proceeds of any such Incremental Term Loans or Incremental Revolving Credit
Commitments).

 

(iv)              
The Borrower shall have delivered to the Administrative Agent a Compliance Certificate certifying as to compliance with the requirements
of clauses (ii) and (iii) above, together with all reasonably detailed calculations evidencing compliance with clause (iii) above.

 

(v)               
The Borrower shall (x) deliver to any Lender providing any portion of any such newly requested Incremental Term Loan or Incremental
Revolving Credit Commitment any new or replacement Notes requested by such Lender, and (y) have executed any amendments to this Agreement
and the other Loan Documents as may be reasonably required by the Administrative Agent to effectuate the provisions of this Section
2.24, including, if applicable, any amendment that may be necessary to ensure and demonstrate that the Liens and security interests
granted by the Loan Documents are perfected under the UCC or other applicable law to secure the Obligations in respect of such Incremental
Term Loans and, if applicable, Incremental Revolving Credit Commitments.

 

(vi)              
The Borrower shall have paid to the Administrative Agent any fees (including any upfront fees) required to be paid pursuant to
the terms of any fee letter in connection with such Incremental Term Loan and, if applicable, Incremental Revolving Credit Commitment
and shall have paid to any Lender any fees required to be paid to such Lender in connection with such Incremental Term Loan and, if applicable,
Incremental Revolving Credit Commitment.

 

(vii)           
Solely in connection with any such Incremental Term Loan and, if applicable, Incremental Revolving Credit Commitment that is being
requested by the Borrower for the sole purpose of financing the consideration payable by the Borrower in connection with a Permitted Acquisition
undertaken from and after the Closing Date, the Borrower shall demonstrate to the reasonable satisfaction of the Administrative Agent
that such acquisition is a Permitted Acquisition.

 

(viii)          
If any such Incremental Term Loan is to be secured by a Lien on Collateral ranking junior to any Lien securing the Obligations,
an intercreditor agreement in the form reasonably satisfactory to the Administrative Agent.

 

(e)                
Distribution of Revised Commitments Schedule. The Administrative Agent shall promptly distribute to the parties an amended
Schedule 1.1A (which shall be deemed incorporated into this Agreement), to reflect the addition of any new Lenders that have provided
a portion of any such Incremental Term Loan and, if applicable, Incremental Revolving Credit Commitment, and the respective Term Percentages
of the Term Lenders resulting therefrom and Revolving Percentages of the Revolving Lenders resulting therefrom.

 

(f)                 
Conflicting Provisions. This Section shall supersede any provisions in Section 2.16 or Section 10.1 to the
contrary.

 

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(g)               
 Incremental Loans as Loans. Subject to the provisions of clause (h) of this Section 2.24, any Incremental Term Loans
provided pursuant to a Term Commitment Increase shall, for purposes of principal repayment and interest, be treated substantially the
same as the Initial Term Loans funded on the Closing Date, and shall be made on the same terms (including with respect to pricing, and
maturity date) as the Initial Term Loans. Any Incremental Revolving Credit Commitments and Incremental Revolving Loans shall, for purposes
of principal repayment and interest, be treated the same as the Revolving Commitments and Revolving Loans on the Closing Date, and shall
be made on the same terms (including with respect to pricing, commitment fees and maturity date) as the Revolving Loans and the Revolving
Commitments in effect on the Closing Date.

 

(h)               
Terms of Incremental Loans. The Incremental Term Loans provided pursuant to a Term Commitment Increase shall, for purposes
of prepayments, be treated substantially the same as any previously funded Term Loans and shall have the same terms as such previously
funded Term Loans, except for terms not more restrictive to the Borrower and its Subsidiaries, as may be mutually agreed among the Borrower
and the Lenders providing such Incremental Term Loans; provided that, in any case, (x) no Incremental Term Loan shall have a final
maturity date that is earlier than the Term Loan Maturity Date, (y) the amortization schedule relating to any Incremental Term Loan provided
pursuant to a Term Commitment Increase shall not have a Weighted Average Life to Maturity that is shorter than the remaining Weighted
Average Life to Maturity of any previously funded Term Loan, and (z) to the extent the initial yield (including any original issue discount
or similar yield-related discounts, deductions or payments but excluding any customary arrangement or commitment fees payable to the Administrative
Agent) applicable to any Incremental Term Loan secured by any Lien on the Collateral ranking pari passu with any Lien securing
the Obligations is higher than the initial yield applicable to Term Loans funded on the Closing Date (without giving effect to the application
of any Default Rate), by more than 0.50%, the Borrower shall enter into an amendment to this Agreement to increase the Applicable Margin
applicable to such Term Loans other than such Incremental Term Loan, to the extent necessary so that the Applicable Margin on such Incremental
Term Loan is no more than 0.50% greater than the applicable margin related to such previously funded Term Loans (the “MFN
Protection”).

 

2.25            
Effect of Benchmark Transition Event.

 

(a)                
The interest rate on Eurodollar Loans is determined by reference to the Eurodollar Base Rate, which is derived from the London
interbank offered rate. The London interbank offered rate is intended to represent the rate at which contributing banks may obtain short-term
borrowings from each other in the London interbank market. In July 2017, the U.K. Financial Conduct Authority announced that, after the
end of 2021, it would no longer persuade or compel contributing banks to make rate submissions to the ICE Benchmark Administration (together
with any successor to the ICE Benchmark Administrator, the “IBA”) for purposes of the IBA setting the London interbank
offered rate. As a result, it is possible that commencing in 2022, the London interbank offered rate may no longer be available or may
no longer be deemed an appropriate reference rate upon which to determine the interest rate on Eurocurrency Loans. In light of this eventuality,
public and private sector industry initiatives are currently underway to identify new or alternative reference rates to be used in place
of the London interbank offered rate. Upon the occurrence of a Benchmark Transition Event, a Term SOFR Transition Event or an Early Opt-in
Election, this Section 2.25 provides a mechanism for determining an alternative rate of interest. The Administrative Agent will
promptly notify the Borrower, pursuant to this Section 2.25, of any change to the reference rate upon which the interest rate on
Eurodollar Loans is based. However, the Administrative Agent does not warrant or accept any responsibility for, and shall not have any
liability with respect to, the administration, submission or any other matter related to the London interbank offered rate or other rates
in the definition of “Eurodollar Base Rate” or with respect to any alternative or successor rate thereto, or replacement rate
thereof including, without limitation, (i) any such alternative, successor or replacement rate implemented pursuant to this Section
2.25, whether upon the occurrence of a Benchmark Transition Event, a Term SOFR Transition Event or an Early Opt-in Election, and (ii)
the implementation of any Benchmark Replacement Conforming Changes pursuant to this Section 2.25, including without limitation,
whether the composition or characteristics of any such alternative, successor or replacement reference rate, will be similar to, or produce
the same value or economic equivalence of, the Eurodollar Rate or have the same volume or liquidity as did the London interbank offered
rate prior to its discontinuance or unavailability.

 

(b)                Notwithstanding
anything to the contrary herein or in any other Loan Document, if a Benchmark Transition Event or an Early Opt-in Election, as
applicable, and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of the
then-current Benchmark, then (x) if a Benchmark Replacement is determined in accordance with clause (1) or (2) of the definition of
“Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for
all purposes hereunder and under any Loan Document in respect of such Benchmark setting and subsequent Benchmark settings without
any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document and (y) if a
Benchmark Replacement is determined in accordance with clause (3) of the definition of “Benchmark Replacement” for such
Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan
Document in respect of any Benchmark setting at or after 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the
date notice of such Benchmark Replacement is provided to the Lenders without any amendment to, or further action or consent of any
other party to, this Agreement or any other Loan Document so long as the Administrative Agent has not received, by such time,
written notice of objection to such Benchmark Replacement from Lenders comprising the Required Lenders.

 

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(c)                
Notwithstanding anything to the contrary herein or in any other Loan Document and subject to the proviso below in this paragraph,
if a Term SOFR Transition Event and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any
setting of the then-current Benchmark, then the applicable Benchmark Replacement will replace the then-current Benchmark for all purposes
hereunder or under any Loan Document in respect of such Benchmark setting and subsequent Benchmark settings, without any amendment to,
or further action or consent of any other party to, this Agreement or any other Loan Document; provided that, this clause (b)(ii)
shall not be effective unless the Administrative Agent has delivered to the Lenders and the Borrower a Term SOFR Notice. For the avoidance
of doubt, the Administrative Agent shall not be required to deliver a Term SOFR Notice after a Term SOFR Transition Event and may do so
in its sole discretion.

 

(d)               
In connection with the implementation of a Benchmark Replacement, the Administrative Agent, in consultation with the Borrower,
will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein
or in any other Loan Document, any amendments implementing such Benchmark Replacement Conforming Changes will become effective without
any further action or consent of any other party to this Agreement or any other Loan Document.

 

(e)                
The Administrative Agent will promptly notify the Borrower and the Lenders of (i) any occurrence of a Benchmark Transition Event,
Term SOFR Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date, (ii) the implementation
of any Benchmark Replacement, (iii) the effectiveness of any Benchmark Replacement Conforming Changes, (iv) the removal or reinstatement
of any tenor of a Benchmark pursuant to clause (d) below and (v) the commencement or conclusion of any Benchmark Unavailability Period.
Any determination, decision or election that may be made by the Administrative Agent or, if applicable, any Lender (or group of Lenders)
pursuant to this Section 2.25 including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence
of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and
binding absent manifest error and may be made in its or their sole discretion and without consent from any other party to this Agreement
or any other Loan Document, except, in each case, as expressly required pursuant to this Section 2.25.

 

(f)                 
Notwithstanding anything to the contrary herein or in any other Loan Document, at any time (including in connection with the implementation
of a Benchmark Replacement), (i) if the then-current Benchmark is a term rate (including Term SOFR or Eurodollar Base Rate) and either
(A) any tenor for such Benchmark is not displayed on a screen or other information service that publishes such rate from time to time
as selected by the Administrative Agent in its reasonable discretion or (B) the regulatory supervisor for the administrator of such Benchmark
has provided a public statement or publication of information announcing that any tenor for such Benchmark is or will be no longer representative,
then the Administrative Agent may modify the definition of “Interest Period” for any Benchmark settings at or after such time
to remove such unavailable or non-representative tenor and (ii) if a tenor that was removed pursuant to clause (i) above either (A) is
subsequently displayed on a screen or information service for a Benchmark (including a Benchmark Replacement) or (B) is not, or is no
longer, subject to an announcement that it is or will no longer be representative for a Benchmark (including a Benchmark Replacement),
then the Administrative Agent may modify the definition of “Interest Period” for all Benchmark settings at or after such time
to reinstate such previously removed tenor.

 

(g)              Upon
the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrower may revoke any request
for a Eurocurrency Borrowing of, conversion to or continuation of Eurocurrency Loans to be made, converted or continued during any
Benchmark Unavailability Period and, failing that, the Borrower will be deemed to have converted any such request into a request for
a Borrowing of or conversion to ABR Loans. During any Benchmark Unavailability Period or at any time that a tenor for the
then-current Benchmark is not an Available Tenor, the component of ABR based upon the then-current Benchmark or such tenor for such
Benchmark, as applicable, will not be used in any determination of ABR.

 

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SECTION
3

LETTERS OF CREDIT

 

3.1               
L/C Commitment.

 

(a)                
Subject to the terms and conditions hereof, each Issuing Lender agrees to issue letters of credit (each, a “Letter
of Credit” and, collectively, the “Letters of Credit”) for the account of the Borrower on any
Business Day during the Letter of Credit Availability Period in such form as may reasonably be approved from time to time by such Issuing
Lender; provided that no Issuing Lender shall have any obligation to issue any Letter of Credit if, after giving effect to such
issuance, either the L/C Exposure would exceed the Total L/C Commitments or the Available Revolving Commitments would be less than zero.
Each Letter of Credit shall (i) be denominated in Dollars, Euros or Canadian Dollars, and (ii) expire no later than the earlier of (x)
the first anniversary of its date of issuance and (y) the Letter of Credit Maturity Date, provided that any Letter of Credit with
a one-year term may provide for the renewal thereof for additional one-year periods (which shall in no event extend beyond the date referred
to in clause (y) above). For the avoidance of doubt, no commercial letters of credit shall be issued by any Issuing Lender to any Person
under this Agreement.

 

(b)               
No Issuing Lender shall at any time be obligated to issue any Letter of Credit if:

 

(i)                 
such issuance would conflict with, or cause such Issuing Lender or any L/C Lender to exceed any limits imposed by, any applicable
Requirement of Law;

 

(ii)               
any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain such
Issuing Lender from issuing, amending or reinstating such Letter of Credit, or any law, rule or regulation applicable to such Issuing
Lender or any request, guideline or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction
over such Issuing Lender shall prohibit, or request that such Issuing Lender refrain from, the issuance, amendment, renewal or reinstatement
of letters of credit generally or such Letter of Credit in particular or shall impose upon such Issuing Lender with respect to such Letter
of Credit any restriction, reserve or capital requirement (for which such Issuing Lender is not otherwise compensated) not in effect on
the Closing Date, or shall impose upon such Issuing Lender any unreimbursed loss, cost or expense which was not applicable on the Closing
Date and which such Issuing Lender in good faith deems material to it;

 

(iii)            
such Issuing Lender has received written notice from any Lender, the Administrative Agent or the Borrower, at least one Business
Day prior to the requested date of issuance, amendment, renewal or reinstatement of such Letter of Credit, that one or more of the applicable
conditions contained in Section 5.2 shall not then be satisfied (which notice shall contain a description of any such condition
asserted not to be satisfied);

 

(iv)             
any requested Letter of Credit is not in form and substance acceptable to such Issuing Lender, or the issuance, amendment or renewal
of a Letter of Credit shall violate any applicable laws or regulations or any applicable policies of such Issuing Lender;

 

(v)               
such Letter of Credit contains any provisions providing for automatic reinstatement of the stated amount after any drawing thereunder;

 

(vi)              
except as otherwise agreed by the Administrative Agent and such Issuing Lender, such Letter of Credit is in an initial face amount
less than the Dollar Equivalent of $100,000; or

 

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(vii)            
 any Lender is at that time a Defaulting Lender, unless such Issuing Lender has entered into arrangements, including the delivery
of Cash Collateral pursuant to Section 3.10, satisfactory to such Issuing Lender (in its sole discretion) with the Borrower or
such Defaulting Lender to eliminate such Issuing Lender’s actual or potential Fronting Exposure (after giving effect to Section
2.22(a)(iv)) with respect to the Defaulting Lender arising from either the Letter of Credit then proposed to be issued or such Letter
of Credit and all other L/C Exposure as to which such Issuing Lender has actual or potential Fronting Exposure, as it may elect in its
sole discretion.

 

3.2               
Procedure for Issuance of Letters of Credit. The Borrower may from time to time request that any Issuing Lender issue a Letter
of Credit for the account of the Borrower by delivering to the applicable Issuing Lender at its address for notices specified herein an
Application therefor, completed to the satisfaction of the applicable Issuing Lender, and such other certificates, documents and other
papers and information as the applicable Issuing Lender may request. Upon receipt of any Application, the applicable Issuing Lender will
process such Application and the certificates, documents and other papers and information delivered to it in connection therewith in accordance
with its customary procedures and shall promptly issue the Letter of Credit requested thereby (but in no event shall any Issuing Lender
be required to issue any Letter of Credit earlier than three Business Days after its receipt of the Application therefor and all such
other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of Credit to the
beneficiary thereof or as otherwise may be agreed to by the applicable Issuing Lender and the Borrower. Each Issuing Lender shall furnish
a copy of such Letter of Credit to the Borrower promptly following the issuance thereof. Each Issuing Lender shall promptly furnish to
the Administrative Agent, which shall in turn promptly furnish to the Lenders, notice of the issuance (or amendment, renewal or extension)
of each Letter of Credit (including the amount thereof).

 

3.3               
Fees and Other Charges.

 

(a)                
The Borrower agrees to pay, in Dollars, with respect to each outstanding Letter of Credit issued for the account of (or at the
request of) the Borrower, (i) a fronting fee of 0.125% per annum on the Dollar Equivalent of the daily amount available to be drawn under
each such Letter of Credit to the applicable Issuing Lender for its own account (a “Letter of Credit Fronting Fee”),
(ii) a letter of credit fee equal to the Applicable Margin relating to Letters of Credit multiplied by the Dollar Equivalent of
the daily amount available to be drawn under each such Letter of Credit on the drawable amount of such Letter of Credit to the Administrative
Agent for the ratable account of the L/C Lenders (determined in accordance with their respective L/C Percentages) (a “Letter
of Credit Fee”), and (iii) each Issuing Lender’s standard and reasonable fees with respect to the issuance, amendment,
renewal or extension of any Letter of Credit issued for the account of (or at the request of) the Borrower or processing of drawings thereunder
(the fees in this clause (iii), collectively, the “Issuing Lender Fees”). The Issuing Lender Fees shall be paid
when required by the applicable Issuing Lender, and the Letter of Credit Fronting Fee and the Letter of Credit Fee shall be payable quarterly
in arrears on the last Business Day of March, June, September and December of each year and on the Letter of Credit Maturity Date (each,
an “L/C Fee Payment Date”) after the issuance date of such Letter of Credit. All Letter of Credit Fronting Fees
and Letter of Credit Fees shall be computed on the basis of the actual number of days elapsed in a year of 360 days.

 

(b)                
In addition to the foregoing fees, the Borrower shall pay or reimburse each Issuing Lender, in Dollars, for the Dollar Equivalent
of such customary and documented costs and expenses as are incurred or charged by such Issuing Lender in issuing, negotiating, effecting
payment under, amending or otherwise administering any Letter of Credit.

 

(c)              
The Borrower shall furnish to the applicable Issuing Lender and the Administrative Agent such other documents and information pertaining
to any requested Letter of Credit issuance, amendment or renewal, including any L/C-Related Documents, as such Issuing Lender or the Administrative
Agent may require. This Agreement shall control in the event of any conflict with any L/C-Related Document (other than any Letter of Credit).

 

(d)               
Any Letter of Credit Fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which
such Defaulting Lender has not provided Cash Collateral satisfactory to the applicable Issuing Lender pursuant to Section 3.10
shall be payable, to the maximum extent permitted by applicable law, in accordance with Section 2.21(a)(iii)(C).

 

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(e)                
 All fees payable pursuant to this Section 3.3 shall be fully-earned on the date paid and shall not be refundable for any
reason.

 

3.4               
L/C Participations. Each Issuing Lender irrevocably agrees to grant and hereby grants to each L/C Lender, and, to induce such
Issuing Lender to issue Letters of Credit, each L/C Lender irrevocably agrees to accept and purchase and hereby accepts and purchases
from such Issuing Lender, on the terms and conditions set forth below, for such L/C Lender’s own account and risk an undivided interest
equal to such L/C Lender’s L/C Percentage in such Issuing Lender’s obligations and rights under and in respect of each Letter
of Credit and the amount of each draft paid by such Issuing Lender thereunder. Each L/C Lender agrees with such Issuing Lender that, if
a draft is paid under any Letter of Credit for which such Issuing Lender is not reimbursed in full by the Borrower pursuant to Section
3.5(a), such L/C Lender shall pay to such Issuing Lender upon demand at such Issuing Lender’s address for notices specified
herein an amount equal to such L/C Lender’s L/C Percentage of the amount of such draft, or any part thereof, that is not so reimbursed.
Each L/C Lender’s obligation to pay such amount shall be absolute and unconditional and shall not be affected by any circumstance,
including (i) any setoff, counterclaim, recoupment, defense or other right that such L/C Lender may have against such Issuing Lender,
the Borrower or any other Person for any reason whatsoever, (ii) the occurrence of a Default or an Event of Default or the failure to
satisfy any of the other conditions specified in Section 5.2, (iii) any adverse change in the condition (financial or otherwise)
of the Borrower, (iv) any breach of this Agreement or any other Loan Document by the Borrower, any other Loan Party or any other L/C Lender,
or (v) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing.

 

3.5               
Reimbursement.

 

(a)                
If any Issuing Lender shall make any L/C Disbursement in respect of a Letter of Credit, such Issuing Lender shall notify the Borrower
and the Administrative Agent thereof and the Borrower shall pay or cause to be paid to such Issuing Lender an amount equal to the Dollar
Equivalent of the entire amount of such L/C Disbursement not later than (i) the immediately following Business Day if such Issuing Lender
issues such notice before 12:00 P.M. Central time on the date of such L/C Disbursement, or (ii) on the second following Business Day if
such Issuing Lender issues such notice at or after 12:00 P.M. Central time on the date of such L/C Disbursement. Each such payment shall
be made to such Issuing Lender at its address for notices referred to herein in Dollars and in immediately available funds.

 

(b)               
If any Issuing Lender shall not have received from the Borrower the payment that it is required to make pursuant to Section
3.5(a) with respect to a Letter of Credit within the time specified in such Section, such Issuing Lender will promptly notify the
Administrative Agent of the L/C Disbursement and the Administrative Agent will promptly notify each L/C Lender of such L/C Disbursement
and its L/C Percentage thereof, and each L/C Lender shall pay to such Issuing Lender upon demand in Dollars at such Issuing Lender’s
address for notices specified herein an amount equal to such L/C Lender’s L/C Percentage of the Dollar Amount of such L/C Disbursement
(and the Administrative Agent may apply Cash Collateral provided for this purpose) and upon such payment pursuant to this paragraph to
reimburse such Issuing Lender for any L/C Disbursement, the Borrower shall be required to reimburse the L/C Lenders for such payments
(including interest accrued thereon from the date of such payment until the date of such reimbursement at the rate applicable to Revolving
Loans that are ABR Loans plus 2% per annum) on demand; provided that if at the time of and after giving effect to such payment
by the L/C Lenders, the conditions to borrowings and Revolving Loan Conversions set forth in Section 5.2 are satisfied, the Borrower
may, by written notice to the Administrative Agent certifying that such conditions are satisfied and that all interest owing under this
paragraph has been paid, request that such payments by the L/C Lenders be converted into Revolving Loans (a “Revolving
Loan Conversion”), in which case, if such conditions are in fact satisfied, the L/C Lenders shall be deemed to have extended,
and the Borrower shall be deemed to have accepted, a Revolving Loan in the aggregate principal amount of the Dollar Equivalent of such
payment without further action on the part of any party, and the Total L/C Commitments shall be permanently reduced by such amount; any
amount so paid pursuant to this paragraph shall, on and after the payment date thereof, be deemed to be Revolving Loans for all purposes
hereunder; provided that such Issuing Lender, at its option, may effectuate a Revolving Loan Conversion regardless of whether the
conditions to borrowings and Revolving Loan Conversions set forth in Section 5.2 are satisfied.

 

3.6                Obligations
Absolute. The Borrower’s obligations under this Section 3 shall be absolute and unconditional under any and all
circumstances and irrespective of any setoff, counterclaim or defense to payment that the Borrower may have or have had against any
Issuing Lender, any beneficiary of a Letter of Credit or any other Person. The Borrower also agrees with the Issuing Lenders that
the Issuing Lenders shall not be responsible for, and the Borrower’s obligations hereunder shall not be affected by, among
other things, the validity or genuineness of documents or of any endorsements thereon, even though such documents shall in fact
prove to be invalid, fraudulent or forged, or any dispute between or among the Borrower and any beneficiary of any Letter of Credit
or any other party to which such Letter of Credit may be transferred or any claims whatsoever of the Borrower against any
beneficiary of such Letter of Credit or any such transferee. No Issuing Lender shall be liable for any error, omission, interruption
or delay in transmission, dispatch or delivery of any message or advice, however transmitted, in connection with any Letter of
Credit, except for errors or omissions found by a final and nonappealable decision of a court of competent jurisdiction to have
resulted from the gross negligence or willful misconduct of such Issuing Lender. The Borrower agrees that any action taken or
omitted by any Issuing Lender under or in connection with any Letter of Credit or the related drafts or documents, if done in the
absence of gross negligence or willful misconduct, shall be binding on the Borrower and shall not result in any liability of such
Issuing Lender to the Borrower.

 

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In addition to amounts payable
as elsewhere provided in the Agreement, the Borrower hereby agrees to pay and to protect, indemnify, and save each Issuing Lender harmless
from and against any and all claims, demands, liabilities, damages, losses, costs, charges and expenses (including reasonable attorneys’
fees and allocated costs of internal counsel) that such Issuing Lender may incur or be subject to as a consequence, direct or indirect,
of (a) the issuance of any Letter of Credit, or (b) the failure of any Issuing Lender or of any L/C Lender to honor a demand for payment
under any Letter of Credit thereof as a result of any act or omission, whether rightful or wrongful, of any present or future de jure
or de facto government or Governmental Authority, in each case other than to the extent solely as a result of the gross negligence or
willful misconduct of such Issuing Lender or such L/C Lender (as finally determined by a court of competent jurisdiction).

 

3.7               
Letter of Credit Payments. If any draft shall be presented for payment under any Letter of Credit, the applicable Issuing Lender
shall promptly notify the Borrower and the Administrative Agent of the date and the Dollar, Canadian Dollar, or Euro, as applicable, amount
thereof. The responsibility of any Issuing Lender to the Borrower in connection with any draft presented for payment under any Letter
of Credit shall, in addition to any payment obligation expressly provided for in such Letter of Credit, be limited to determining that
the documents (including each draft) delivered under such Letter of Credit in connection with such presentment are substantially in conformity
with such Letter of Credit.

 

3.8               
Applications. To the extent that any provision of any Application related to any Letter of Credit is inconsistent with the
provisions of this Section 3, the provisions of this Section 3 shall apply.

 

3.9               
Interim Interest. If any Issuing Lender shall make any L/C Disbursement in respect of a Letter of Credit, then, unless either
the Borrower shall have reimbursed such L/C Disbursement in full within the time period specified in Section 3.5(a) or the L/C
Lenders shall have reimbursed such L/C Disbursement in full on such date as provided in Section 3.5(b), in each case the unpaid
amount thereof shall bear interest for the account of such Issuing Lender, for each day from and including the date of such L/C Disbursement
to but excluding the earlier of the date of payment by the Borrower, at the rate per annum that would apply to such amount if such amount
were a Revolving Loan that is an ABR Loan; provided that the provisions of Section 2.13(c) shall be applicable to any such
amounts not paid when due.

 

3.10            
Cash Collateral.

 

(a)                
Certain Credit Support Events. Upon the request of the Administrative Agent or any Issuing Lender (i) if such Issuing Lender
has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Advance by all the
L/C Lenders that is not reimbursed by the Borrower or converted into a Revolving Loan pursuant to Section 3.5(b), or (ii) if, as
of the Letter of Credit Maturity Date, any L/C Exposure for any reason remains outstanding, the Borrower shall, in each case, promptly
Cash Collateralize the then effective L/C Exposure in an amount equal to 103% of such L/C Exposure.

 

At any time that there
shall exist a Defaulting Lender, within one Business Day following the request of the Administrative Agent or the applicable Issuing
Lender (with a copy to the Administrative Agent), the Borrower shall deliver to the Administrative Agent Cash Collateral in an
amount sufficient to cover 103% of the Fronting Exposure relating to Letters of Credit (after giving effect to Section
2.22(a)(iv) and any Cash Collateral provided by such Defaulting Lender).

 

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(b)               
Grant of Security Interest. All Cash Collateral (other than credit support not constituting funds subject to deposit) shall
be maintained in blocked, non-interest bearing deposit accounts with the Administrative Agent. The Borrower, and to the extent provided
by any Lender or Defaulting Lender, such Lender or Defaulting Lender, hereby grants to (and subjects to the control of) the Administrative
Agent, for the benefit of the Administrative Agent, the Issuing Lenders and the L/C Lenders, and agrees to maintain, a first priority
security interest and Lien in all such Cash Collateral and in all proceeds thereof, as security for the Obligations to which such Cash
Collateral may be applied pursuant to Section 3.10(c). If at any time the Administrative Agent determines that Cash Collateral
is subject to any right or claim of any Person other than the Administrative Agent or any Issuing Lender as herein provided, or that the
total amount of such Cash Collateral is less than 103% of the applicable L/C Exposure, Fronting Exposure and other Obligations secured
thereby, the Borrower or the relevant Lender or Defaulting Lender, as applicable, will, promptly upon demand by the Administrative Agent,
pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency (after giving
effect to any Cash Collateral provided by such Defaulting Lender).

 

(c)                
Application. Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral provided under any of
this Section 3.10, Section 2.22 or otherwise in respect of Letters of Credit shall be held and applied to the satisfaction
of the specific L/C Exposure, obligations to fund participations therein (including, as to Cash Collateral provided by a Defaulting Lender,
any interest accrued on such obligation) and other obligations for which the Cash Collateral was so provided, prior to any other application
of such property as may otherwise be provided for herein.

 

(d)               
Termination of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce Fronting Exposure in
respect of Letters of Credit or other Obligations shall no longer be required to be held as Cash Collateral pursuant to this Section
3.10 following (i) the elimination of the applicable Fronting Exposure and other Obligations giving rise thereto (including by the
termination of the Defaulting Lender status of the applicable Lender), or (ii) a determination by the Administrative Agent that there
exists excess Cash Collateral; provided, however, (A) that Cash Collateral furnished by or on behalf of a Loan Party shall
not be released during the continuance of an Event of Default, and (B) that, subject to Section 2.22, the Person providing such
Cash Collateral and the Issuing Lenders may agree that such Cash Collateral shall not be released but instead shall be held to support
future anticipated Fronting Exposure or other obligations, and provided further, that to the extent that such Cash Collateral was
provided by the Borrower or any other Loan Party, such Cash Collateral shall remain subject to any security interest and Lien granted
pursuant to the Loan Documents or any applicable Bank Services Agreement or FX Contract.

 

3.11             
Additional Issuing Lenders. The Borrower may, at any time and from time to time with the consent of the Administrative Agent
(which consent shall not be unreasonably withheld, conditioned or delayed) and such Lender or Lenders, as applicable, designate one or
more additional Lenders to act as a Letter of Credit issuing bank under the terms of this Agreement. Any Lender designated as a Letter
of Credit issuing bank pursuant to this paragraph shall be deemed to be an “Issuing Lender” (in addition to
being a Lender) in respect of Letters of Credit issued or to be issued by such Lender, and, with respect to such Letters of Credit, such
term shall thereafter apply to the other Issuing Lenders and such Lender.

 

3.12             Resignation
of the Issuing Lender. Any Issuing Lender may resign at any time by giving at least 60 days’ prior written notice to the
Administrative Agent, the Lenders and the Borrower. Subject to the next succeeding paragraph, upon the acceptance of any appointment
as an Issuing Lender hereunder by a Lender that shall agree to serve as successor Issuing Lender, such successor shall succeed to
and become vested with all the interests, rights and obligations of the retiring Issuing Lender and the retiring Issuing Lender
shall be discharged from its obligations to issue additional Letters of Credit hereunder without affecting its rights and
obligations with respect to Letters of Credit previously issued by it. At the time such resignation shall become effective, the
Borrower shall pay all accrued and unpaid fees pursuant to Section 3.3. The acceptance of any appointment as an Issuing
Lender hereunder by a successor Lender shall be evidenced by an agreement entered into by such successor, in a form satisfactory to
the Borrower and the Administrative Agent, and, from and after the effective date of such agreement, (i) such successor Lender shall
have all the rights and obligations of the previous Issuing Lender under this Agreement and the other Loan Documents (other than
with respect to the rights of the retiring Issuing Lender with respect to Letters of Credit issued by such retiring Issuing Lender)
and (ii) references herein and in the other Loan Documents to the term “Issuing Lender” shall be deemed to refer to such
successor or to any previous Issuing Lender, or to such successor and all previous Issuing Lenders, as the context shall require.
After the resignation of an Issuing Lender hereunder, the retiring Issuing Lender shall remain a party hereto and shall continue to
have all the rights and obligations of an Issuing Lender under this Agreement and the other Loan Documents with respect to Letters
of Credit issued by it prior to such resignation, but shall not be required to issue additional Letters of Credit or to extend,
renew or increase any existing Letter of Credit.

 

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3.13            
Applicability of ISP. Unless otherwise expressly agreed by any Issuing Lender and the Borrower when a Letter of Credit is issued
and subject to applicable laws, the Letters of Credit shall be governed by and subject to the rules of the ISP.

 

3.14            
Notices. Each Issuing Lender shall furnish to the Administrative Agent, from time to time, within a reasonable time after written
request by the Administrative Agent, a summary report on the status of the Letters of Credit issued by such Issuing Lender, including
the outstanding amount of each such Letter of Credit, since the date of the most recent notice delivered pursuant to this Section 3.14,
any amendment to or increase or decrease in the outstanding amount of any Letters of Credit issued by such Issuing Lender, any Letters
of Credit issued by such Issuing Lender since the date of the most recent notice delivered pursuant to this Section 3.14 and such
other information as may be reasonably requested by the Administrative Agent.

 

SECTION
4

REPRESENTATIONS AND WARRANTIES

 

To induce the Administrative
Agent and the Lenders to enter into this Agreement, to make any requested Loans on the Closing Date and to make Loans and to issue the
Letters of Credit thereafter, each Loan Party hereby represents and warrants to the Administrative Agent and each Lender, as to itself,
each of its Subsidiaries, as applicable, that:

 

4.1               
Financial Condition.

 

(a)               
The Pro Forma Financial Statements have been prepared giving effect (as if such events had occurred as of the last day of the fiscal
quarter of the Borrower ended June 30, 2021) to the consummation of the Transactions. The Pro Forma Financial Statements have been prepared
in good faith based on information available to the Borrower as of the date thereof, and present fairly in all material respects on a
Pro Forma Basis the estimated and projected consolidated financial position of Borrower and its Subsidiaries as of June 30, 2021, assuming
that the events specified in the preceding sentence had actually occurred at such date.

 

(b)                The
Annual Financial Statements of the Borrower reported on by and accompanied by an unqualified report from Grant Thornton LLP and of
the Target Parties reported on by and accompanied by an unqualified report from Reynolds + Rowella, LLP present fairly in all
material respects the consolidated financial condition of the Borrower and its Subsidiaries or the Targets and their Subsidiaries as
at such date (other than any qualifications as may be required as a result of (x) an actual or prospective default or event of
default with respect to a financial covenant under this Agreement and the definitive documentation governing any material
Indebtedness (including the financial covenant set forth in Section 7.1) or (y) the impending maturity of any material
Indebtedness), and the consolidated results of its operations and consolidated cash flows for the respective fiscal year then ended.
The Interim Financial Statements of the Borrower and its Subsidiaries present fairly in all material respects the consolidated
financial condition of the Borrower and its Subsidiaries as at such dates, and the consolidated results of its operations and its
consolidated cash flows for the periods then ended (subject to the absence of footnotes and normal year-end audit adjustments). All
such financial statements, including the related schedules and notes thereto and all financial statements delivered by the Borrower
to the Administrative Agent pursuant to Section 6.1 have been prepared in accordance with GAAP applied consistently
throughout the periods involved (except as approved by the aforementioned firm of accountants and disclosed therein). None of any
Group Member had, as of the Closing Date, any material Guarantee Obligations, contingent liabilities and liabilities for taxes, or
any long-term leases or unusual forward or long-term commitments, including any interest rate or Foreign Currency swap or exchange
transaction or other obligation in respect of derivatives, that, to the extent required to be shown in accordance with GAAP, are not
reflected in the most recent financial statements referred to in this paragraph, other than certain liabilities of the Target Loan
Parties for which indemnification is specifically provided for under the Acquisition Agreement or has been reflected as a reduction
in purchase price under the Acquisition Agreement.

 

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4.2               
No Change. Since June 30, 2021, there has been no development or event that has had or could reasonably be expected to have
a Material Adverse Effect.

 

4.3               
Existence; Compliance with Law. Each Loan Party (a) is duly organized, validly existing and in good standing under the laws
of the jurisdiction of its organization or incorporation, as applicable, (b) has the power and authority, and the legal right, to own
and operate its material property, to lease the property it operates as lessee and to conduct the business in which it is currently engaged,
(c) is duly qualified as a foreign corporation or other organization and in good standing under the laws of each jurisdiction where the
failure to be so qualified could reasonably be expected to have a Material Adverse Effect, and (d) is in material compliance with all
Requirements of Law except in such instances in which (i) such Requirement of Law is being contested in good faith by appropriate proceedings
diligently conducted and the prosecution of such contest could not reasonably be expected to result in a Material Adverse Effect, or (ii)
the failure to comply therewith, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse
Effect.

 

4.4               
Power, Authorization; Enforceable Obligations. Each Loan Party has the power and authority, and the legal right, to make, deliver
and perform the Loan Documents to which it is a party and, in the case of the Borrower, to obtain extensions of credit hereunder. Each
Loan Party has taken all necessary organizational action to authorize the execution, delivery and performance of the Loan Documents to
which it is a party and, in the case of the Borrower, to authorize the extensions of credit on the terms and conditions of this Agreement.
No Governmental Approval or consent or authorization of, filing with, notice to or other act by or in respect of, any other Person is
required in connection with the extensions of credit hereunder or in connection with the execution, delivery, performance, validity or
enforceability of this Agreement or any of the Loan Documents, except (i) the filings referred to in Section 4.19, and (ii) any
approvals, consents, exemptions, authorizations or other actions, notices or filings, the failure of which to obtain or make could not
reasonably be expected to have a Material Adverse Effect. Each Loan Document has been duly executed and delivered on behalf of each Loan
Party thereto. This Agreement constitutes, and each other Loan Document constitutes or, upon execution will constitute, a legal, valid
and binding obligation of each Loan Party party thereto enforceable against each such Loan Party in accordance with its terms, except
as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement
of creditors’ rights generally and by general equitable principles and principles of good faith and fair dealing (whether enforcement
is sought by proceedings in equity or at law).

 

4.5               
No Legal Bar. The execution, delivery and performance of this Agreement and the other Loan Documents, the issuance of Letters
of Credit, consummation of the Transactions, the borrowings hereunder and the use of the proceeds thereof will not violate any material
Requirement of Law or any Operating Document of any Loan Party or any material Contractual Obligation of any Loan Party and will not result
in, or require, the creation or imposition of any Lien on any of their respective properties or revenues pursuant to any material Requirement
of Law or any such material Contractual Obligation (other than the Liens created by the Security Documents). No Requirement of Law or
Contractual Obligation applicable to the Borrower or any of its Subsidiaries could reasonably be expected to have a Material Adverse Effect.

 

4.6               
Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending or,
to the knowledge of the Borrower, threatened in writing by or against any Group Member or against any of their respective properties or
revenues (a) with respect to any of the Loan Documents or any of the Transactions contemplated hereby or thereby, or (b) except as specifically
described in Schedule 4.6, that could reasonably be expected to have a Material Adverse Effect. There has been no adverse change
in the status or financial effect on any Group Member of the matters described in Schedule 4.6.

 

4.7               
No Default. No Group Member is in default beyond applicable notice and cure periods under or with respect to any of its Contractual
Obligations in any respect that could reasonably be expected to have a Material Adverse Effect. No Default or Event of Default has occurred
and is continuing, nor shall either result from the making of a requested credit extension.

 

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4.8               
 Ownership of Property; Liens; Investments. Each Group Member has title in fee simple to, or a valid leasehold interest in,
all of its real property, and good title to, or a valid leasehold interest in, all of its other material property, and none of such property
is subject to any Lien except as permitted by Section 7.3. No Loan Party owns any Investment except as permitted by Section
7.7. Other than as set forth in Schedule 4.8, no Loan Party owns any fee interest in real estate as of the date hereof. Section
10 of the Collateral Information Certificate sets forth a complete and accurate list of all leases of real property under which any Loan
Party is the lessee as of the date hereof.

 

4.9               
Intellectual Property. Each Group Member owns, or is licensed to use, all material Intellectual Property necessary for the
conduct of its business as currently conducted. No claim has been asserted and is pending by any Person challenging or questioning any
Group Member’s use of any Intellectual Property or the validity or effectiveness of any such Group Member’s Intellectual Property,
nor does the Borrower know of any valid basis for any such claim, unless such claim could not reasonably be expected to have a Material
Adverse Effect. To the knowledge of the Loan Parties, the use of Intellectual Property by each Group Member, and the conduct of such Group
Member’s business, as currently conducted, does not infringe on or otherwise violate the rights of any Person, unless such infringement
could not reasonably be expected to have a Material Adverse Effect, and, to the knowledge of the Borrower, there are no claims pending
or threatened in writing to such effect.

 

4.10            
Taxes. Each Group Member has filed or caused to be filed all Federal, state and other tax returns and reports that are required
to be filed by it and has paid all federal, state, and other taxes, assessments, fees and other governmental charges levied or imposed
upon it or its properties, income or assets otherwise payable, except (a) Taxes that are being contested in good faith by appropriate
proceedings diligently conducted and with respect to which reserves in conformity with GAAP have been provided on the books of the relevant
Group Member or (b) to the extent that the failure to do so could not reasonably be expected to have a Material Adverse Effect. No material
tax Lien has been filed against any Group Member (other than Liens permitted by Section 7.3(a)), and, to the knowledge of the Borrower,
no material claim is being asserted, with respect to any such tax, fee or other charge, as of the date hereof.

 

4.11            
Federal Regulations. No part of the proceeds of any Loans, and no other extensions of credit hereunder, will be used (a) for
“buying” or “carrying” any “margin stock” within the respective meanings of each of the quoted terms
under Regulation U as now and from time to time hereafter in effect for any purpose that violates the provisions of the Regulations of
the Board or (b) for any purpose that violates the provisions of the Regulations of the Board. If requested by any Lender or the Administrative
Agent, the Borrower will furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the
requirements of FR Form G-3 or FR Form U-1, as applicable, referred to in Regulation U.

 

4.12            
Labor Matters. Except as, in the aggregate, could not reasonably be expected to have a Material Adverse Effect: (a) there are
no strikes or other labor disputes against any Group Member pending or, to the knowledge of the Borrower, threatened in writing; (b) hours
worked by and payment made to employees of each Group Member have not been in violation of the Fair Labor Standards Act or any other applicable
Requirement of Law dealing with such matters; and (c) all payments due from any Group Member on account of employee health and welfare
insurance have been paid or accrued as a liability on the books of the relevant Group Member.

 

4.13            
ERISA. (a) Except as, in the aggregate, could not reasonably be expected to have a Material Adverse Effect:

 

(i)                 
each Loan Party and each of its respective ERISA Affiliates are in compliance in all material respects with all applicable provisions
and requirements of ERISA with respect to each Pension Plan, and have materially performed all their obligations under each Pension Plan;

 

(ii)               
no ERISA Event has occurred;

 

(iii)             
each Loan Party and each of its respective ERISA Affiliates has met all applicable requirements under the ERISA Funding Rules with
respect to each Pension Plan, and no waiver of the minimum funding standards under the ERISA Funding Rules has been applied for or obtained;

 

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(iv)              
 as of the most recent valuation date for any Pension Plan, the funding target attainment percentage (as defined in Section 430(d)(2)
of the Code) is at least 60%, and no Loan Party nor any of its respective ERISA Affiliates knows of any facts or circumstances that could
reasonably be expected to cause the funding target attainment percentage to fall below 60% as of the most recent valuation date;

 

(v)               
 [Intentionally Omitted];

 

(vi)              
the execution and delivery of this Agreement and the consummation of the Transactions contemplated hereunder will not, to the knowledge
of the Loan Parties, involve any transaction that is subject to the prohibitions of Section 406 of ERISA or in connection with which taxes
could be imposed pursuant to Section 4975(c)(1)(A)-(D) of the Code; and

 

(b)               
(i) no Loan Party is nor will any such Loan Party be a “plan” within the meaning of Section 4975(e) of the Code; (ii)
the respective assets of the Loan Parties do not and will not constitute “plan assets” within the meaning of the United States
Department of Labor Regulations set forth in 29 C.F.R. §2510.3-101, as modified by Section 3(42) of ERISA of one or more Benefit
Plans, provided, that no Loan Party makes any representation as to any assets received by any Loan Party from any Lender pursuant
to the Loans, the Letters of Credit or the Commitments; and (iii) no Loan Party is nor will any such Loan Party be a “governmental
plan” within the meaning of Section 3(32) of ERISA

 

4.14            
Investment Company Act; Other Regulations. No Loan Party is an “investment company,” or a company “controlled”
by an “investment company”, within the meaning of the Investment Company Act of 1940, as amended. No such Loan Party is subject
to regulation under any Requirement of Law (other than Regulation X of the Board), including the Federal Power Act, that may limit its
ability to incur Indebtedness or that may otherwise render all or any portion of the Obligations unenforceable.

 

4.15            
Subsidiaries. As of the date hereof, (a) Schedule 4.15 sets forth the name and jurisdiction of organization of the Borrower
and each Subsidiary of the Borrower and, as to each such Subsidiary, the percentage of each class of Capital Stock owned by any Loan Party,
and (b) there are no outstanding subscriptions, options, warrants, calls, rights or other agreements or commitments (other than stock
options granted to employees or directors and directors’ qualifying shares) of any nature relating to any Capital Stock of any Subsidiary
of the Borrower, except as may be created by the Loan Documents and except as are disclosed on Schedule 4.15.

 

4.16            
Use of Proceeds. The proceeds of the Term Loans and the Revolving Loans shall be used (a) on the Closing Date, to (i) finance
the Acquisition and (ii) repay all obligations under the Existing Credit Agreement, (b) to finance Permitted Acquisitions from and after
the Closing Date, (c) to pay related fees and expenses in connection with each of the foregoing, and (d) for general corporate purposes.
All or a portion of the proceeds of the Revolving Loans, Swingline Loans and the Letters of Credit, shall be used for general corporate
purposes.

 

4.17            
Environmental Matters. Except as, in the aggregate, could not reasonably be expected to have a Material Adverse Effect:

 

(a)                
Except as disclosed on Schedule 4.17, the facilities and properties owned, leased or operated by any Group Member (the “Properties”)
do not contain, and, to the knowledge of the Borrower, have not previously contained, any Materials of Environmental Concern in amounts
or concentrations that constitute or have constituted a violation of any Environmental Law;

 

(b)               
no Group Member has received or is aware of any notice of violation, alleged violation, non-compliance, liability or potential
liability regarding environmental matters or compliance with Environmental Laws with regard to any of the Properties or the business operated
by any Group Member (the “Business”);

 

(c)                 no
Group Member has transported or disposed of Materials of Environmental Concern from the Properties in violation of, or in a manner
or to a location that could give rise to liability under, any Environmental Law, nor has any Group Member generated, treated, stored
or disposed of Materials of Environmental Concern at, on or under any of the Properties in violation of, or in a manner that could
give rise to liability under, any applicable Environmental Law;

 

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(d)               
no judicial proceeding or governmental or administrative action is pending or, to the knowledge of the Borrower, threatened, under
any Environmental Law to which any Group Member is or will be named as a party with respect to the Properties or the Business, nor are
there any consent decrees or other decrees, consent orders, administrative orders or other orders, or other administrative or judicial
requirements outstanding under any Environmental Law with respect to the Properties or the Business;

 

(e)                
there has been no release or threat of release of Materials of Environmental Concern at or from the Properties arising from or
related to the operations of any Group Member or otherwise in connection with the Business, in violation of or in amounts or in a manner
that could give rise to liability under Environmental Laws;

 

(f)                 
the Properties and all operations of the Group Members at the Properties are in compliance in all material respects, and have in
the last five years been in compliance in all material respects, with all applicable Environmental Laws, and except as disclosed on Schedule 4.17,
to the knowledge of the Borrower, there is no contamination at, under or about the Properties or violation of any Environmental Law with
respect to the Properties or the Business; and

 

(g)               
no Group Member has assumed any liability of any other Person (other than any other Group Member) under Environmental Laws.

 

4.18            
Accuracy of Information, Etc. No written statement or information contained in this Agreement, any other Loan Document or any
other document, certificate or statement furnished by or on behalf of any Loan Party to the Administrative Agent or the Lenders, or any
of them, for use in connection with the Transactions contemplated by this Agreement or the other Loan Documents, contained as of the date
such statement, information, document or certificate was so furnished when taken as a whole, any untrue statement of a material fact or
omitted to state a material fact necessary to make the statements contained herein or therein not misleading in any material respect.
The projections and pro forma financial information contained in the materials referenced above are based upon good faith estimates
and assumptions believed by the Borrower to be reasonable at the time made, it being recognized by the Lenders that such financial information
as it relates to future events is not to be viewed as fact and that actual results during the period or periods covered by such financial
information may differ from the projected results set forth therein by a material amount.

 

4.19            
Security Documents. Subject to the terms of Sections 5.1, the Security Documents are effective to create in favor of
the Administrative Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable security interest in the Collateral
described therein and the proceeds thereof. In the case of the Pledged Stock, if any, described in the Guarantee and Collateral Agreement
that are securities represented by stock certificates or otherwise constituting certificated securities within the meaning of Section
8-102(a)(15) of the New York UCC or the corresponding code or statute of any other applicable jurisdiction, when certificates representing
such Pledged Stock are delivered to the Administrative Agent, and, in the case of the other Collateral constituting personal property
described in the Security Documents, when financing statements and other filings specified on Schedule 4.19 in appropriate form
are filed in the offices specified on Schedule 4.19, the Administrative Agent, for the benefit of the Secured Parties, shall have
a fully perfected Lien on, and security interest in, all right, title and interest of the Loan Parties in such Collateral and the proceeds
thereof, as security for the Obligations, in each case prior and superior in right to any other Person (except, in the case of Collateral
other than Pledged Stock, Liens permitted by Section 7.3).

 

4.20            
Solvency. The Borrower and its consolidated Subsidiaries, taken as a whole, are, and immediately after giving effect to, as
applicable, the consummation of the Transactions and the incurrence of all Indebtedness, Obligations and obligations being incurred in
connection herewith and therewith, will be Solvent.

 

4.21            
 [Intentionally Omitted].

 

4.22             Insurance. All
insurance maintained by the Loan Parties is in full force and effect, all premiums have been duly paid, no Loan Party has received
written notice of violation or cancellation thereof, and there exists no default beyond applicable notice and cure periods under any
requirement of such insurance. Each Loan Party maintains, with financially sound and reputable insurance companies, insurance on all
its property (and also with respect to its foreign receivables) in at least such amounts and against at least such risks (but
including in any event public liability and product liability) as are usually insured against in the same general area by companies
engaged in the same or a similar business.

 

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4.23            
No Casualty. No Loan Party has received any written notice of, nor does any Loan Party have any knowledge of, the occurrence
or pendency or contemplation of any Casualty Event affecting all or any material portion of its property.

 

4.24            
OFAC. No Loan Party, nor, to the knowledge of any Responsible Officer of any Loan Party, any Related Party, (i) is currently
the subject of any Sanctions, (ii) is located, organized or residing in any Designated Jurisdiction, or (iii) to the knowledge of any
Loan Party, is or has been (within the previous five years) engaged in any transaction with any Person who is now or was then the subject
of Sanctions or who is located, organized or residing in any Designated Jurisdiction. No Loan, nor the proceeds from any Loan, has been
used, directly or, to the knowledge of any Responsible Officer of the Borrower, indirectly, to lend, contribute, provide or has otherwise
made available to fund any activity or business in any Designated Jurisdiction or to fund any activity or business of any Person located,
organized or residing in any Designated Jurisdiction or who is the subject of any Sanctions, or in any other manner that will result in
any violation by any Person (including any Lender, any Lead Arranger, the Administrative Agent, any Issuing Lender or the Swingline Lender)
of Sanctions.

 

4.25            
Anti-Corruption Laws. Since January 1, 2012, the Borrower and its Subsidiaries have conducted their businesses in compliance
with applicable anti-corruption laws and have instituted and maintained policies and procedures designed to promote and achieve compliance
with such laws.

 

4.26            
EEA Financial Institution. No Loan Party is an EEA Financial Institution or a Covered Entity.

 

4.27            
Beneficial Ownership Certification. To the extent delivered, the information included in the Beneficial Ownership Certification
most recently delivered to each Lender is true and correct in all respects.

 

4.28            
Brokers. Except as disclosed on Schedule 4.28, no broker or finder brought about the obtaining, making or closing of
the Transactions, and no Loan Party or Affiliate thereof has any obligation to any Person in respect of any finder’s or brokerage
fees in connection therewith.

 

SECTION
5

CONDITIONS PRECEDENT

 

5.1               
Conditions to Effectiveness of this Agreement. The effectiveness of this Agreement and the obligation of each Lender to make
its extension of credit hereunder on the Closing Date shall be subject to the satisfaction or waiver, prior to or concurrently with the
making of each such extension of credit on the Closing Date, of the following conditions precedent:

 

(a)                
This Agreement. To the extent requested, each Lender shall have received Notes to evidence such Lender’s Loans, and
the Administrative Agent shall have received in form and substance satisfactory to the Administrative Agent, this Agreement and each of
the other Loan Documents, executed and delivered by the Borrower and the Loan Parties party thereto;

 

(b)               
[Reserved].

 

(c)                 Secretary’s
Certificates; Certified Operating Documents; Good Standing Certificates. The Administrative Agent shall have received a
certificate of each Loan Party, dated the closing date of the Existing Credit Agreement and executed by the Secretary, managing
member or equivalent officer of such Person with appropriate insertions and attachments, including (i) the Operating Documents of
such Person (and, for the avoidance of doubt, the certificate of incorporation (or equivalent) of the applicable Person shall be
certified by the Governmental Authority of the respective jurisdiction in which such Person is organized), (ii) in the case of each
Loan Party, the relevant board resolutions or written consents adopted by the such Loan Party for purposes of authorizing the such
Loan Party to enter into and perform the Loan Documents, (iii) the names, titles, incumbency and signature specimens of those
representatives of such Person who have been authorized by such resolutions and/or written consents to execute Loan Documents on
behalf of such Person and (iv) a good standing certificate for such Person certified as of a recent date prior to the Existing
Credit Agreement by the appropriate Governmental Authority of its respective jurisdiction of organization.

 

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(d)               
Responsible Officer’s Certificate. The Administrative Agent shall have received a certificate signed by a Responsible
Officer of the Borrower, dated as of the closing date of the Existing Credit Agreement and in form and substance reasonably satisfactory
to the Administrative Agent, certifying that the conditions set forth in clauses (j) and (m) of this Section 5.1 and clauses (a) and (d)
of Section 5.2 have been satisfied.

 

(e)                
Collateral Matters.

 

(i)                 
Lien Searches. The Administrative Agent shall have received the results of recent lien searches in each jurisdiction where
any Loan Party was formed or organized, and such searches shall reveal no liens on any of the assets of such Person except for Liens permitted
by Section 7.3 or liens to be discharged on or prior to the closing date of the Existing Credit Agreement (which liens shall be
discharged pursuant to documentation reasonably satisfactory to the Administrative Agent).

 

(ii)               
Pledged Stock; Stock Powers; Pledged Notes. Subject to the last paragraph of this clause (e), to the extent required to
be delivered pursuant to the Guarantee and Collateral Agreement, the Administrative Agent shall have received original versions of (A)
any certificates representing equity interests (that do not constitute Excluded Assets), together with an undated stock power or other
instrument of transfer for each such certificate executed in blank by a duly authorized officer of the applicable Loan Party, and (B)
each promissory note (if any) (that does not constitute an Excluded Asset), endorsed (without recourse) in blank (or accompanied by an
executed transfer form in blank) by the applicable Loan Party.

 

(iii)             
Filings, Registrations, Recordings, Agreements, Etc. To the extent not having been made prior to the Closing Date or, as
applicable, delivered to the Administrative Agent prior to the Closing Date, each document (including any UCC financing statements or
filings of any Intellectual Property Security Agreements) required by the Loan Documents or under applicable law or reasonably requested
by the Administrative Agent to be filed, executed, registered or recorded to create in favor of the Administrative Agent (for the ratable
benefit of the Secured Parties) a perfected Lien on any Collateral (and not Excluded Assets) as of the Closing Date, prior and superior
in right and priority to any Lien in such Collateral held by any other Person (other than with respect to Liens expressly permitted by
Section 7.3), shall have been executed (if applicable) and delivered to the Administrative Agent in proper form for filing, registration
or recordation.

 

Notwithstanding the foregoing
or anything to the contrary, to the extent any security interest in the Collateral or any deliverable related to the perfection of security
interests in the Collateral (other than any Collateral the security interest in which may be perfected by the filing of a UCC financing
statement, filings of any Intellectual Property Security Agreements or the possession of stock certificates of any Domestic Subsidiary
(to the extent, with respect to the Target Parties, such stock certificates are received from the Targets on or prior to the Closing Date))
is not or cannot be provided and/or perfected on the Closing Date (1) without undue burden or expense or (2) after the Borrower’s
use of commercially reasonable efforts to do so, then the provision and/or perfection of such security interests or deliverable shall
not constitute a condition precedent to the obligation of each Lender to make its extension of credit on the Closing Date but shall be
required to be delivered after the Closing Date pursuant to arrangements and timing to be mutually agreed by the Administrative Agent
and the Borrower (but in any event no earlier than 90 days after Closing Date or such longer period as may be agreed by the Administrative
Agent in its reasonable discretion).

 

(f)                 
[Reserved.]

 

(g)               
Insurance. Subject to the last paragraph of clause (e) above, the Administrative Agent shall have received, after
giving effect to the consummation of the Transactions and to the extent not having been delivered to the Administrative Agent previously,
insurance certificates (and related insurance endorsements) satisfying the requirements of Section 6.5 hereof and Section
5.2(b) of the Guarantee and Collateral Agreement.

 

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(h)               
 Fees. The Lenders and the Administrative Agent shall have received all fees required to be paid on or prior to the Closing
Date pursuant to the Fee Letter and reasonable and documented out-of-pocket expenses required to be paid on the Closing Date pursuant
to the Fee Letter, to the extent invoiced at least three (3) business days prior to the Closing Date. All such amounts will be paid with
proceeds of Loans made on the Closing Date and will be reflected in the Flow of Funds Agreement.

 

(i)                 
Legal Opinions. On the closing date of the Existing Credit Agreement the Administrative Agent shall have received a customary
legal opinion of Faegre Drinker Biddle & Reath LLP, as counsel for the Borrower, and together with opinions from local counsel in
the State of Utah.

 

(j)                 
Consummation of Refinancing of Term Loans. Substantially concurrently with the funding of the Initial Term Loans, all obligations
with respect to the term loans under the Existing Credit Agreement shall have been repaid in full in cash.

 

(k)               
[Reserved].

 

(l)                 
Closing Date Solvency Certificate. On the closing date of the Existing Credit Agreement the Administrative Agent shall have
received a Closing Date Solvency Certificate from the chief financial officer or treasurer of the Borrower, substantially in the form
of Exhibit C.

 

(m)              
No Material Adverse Effect. There shall not have occurred and be continuing since June 30, 2021 any event or condition that
has had or that could be reasonably expected to have, individually or in the aggregate, a Material Adverse Effect.

 

(n)               
Patriot Act, etc. The Administrative Agent and each Lender shall have received, at least three business days prior to the
Closing Date, all documentation and other information required by regulatory authorities under applicable “know your customer”
and anti-money laundering rules and regulations, including without limitation the Patriot Act, in each case to the extent requested of
the Borrower at least fifteen (15) Business Days prior to the Closing Date.

 

(o)               
Beneficial Ownership Certification. At least three (3) Business Days prior to the Closing Date, the Borrower, if it qualifies
as a “legal entity customer” under the Beneficial Ownership Regulation, shall have delivered to each Lender a Beneficial Ownership
Certification in relation to Borrower, to the extent requested of the Borrower at least fifteen (15) Business Days prior to the Closing
Date.

 

(p)               
Financial Statements. The Administrative Agent shall have received the Annual Financial Statements, Interim Financial Statements
and Pro Forma Financial Statements, in form and substance acceptable to the Administrative Agent.

 

For purposes of determining
compliance with the conditions specified in this Section 5.1, each Lender that has executed this Agreement (whether or not on the
Closing Date or pursuant to an Addendum and an Assignment and Assumption) and made Loans to the Borrower on the Closing Date or thereafter
shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter either sent (or made
available) by the Administrative Agent to such Lender for consent, approval, acceptance or satisfaction, or required thereunder to be
consented to or approved by or acceptable or satisfactory to such Lender, unless an officer of the Administrative Agent responsible for
the Transactions contemplated by the Loan Documents shall have received notice from such Lender prior to the Closing Date specifying such
Lender’s objection thereto and either such objection shall not have been withdrawn by notice to the Administrative Agent to that
effect on or prior to the Closing Date or, if any extension of credit on the Closing Date has been requested, such Lender shall not have
made available to the Administrative Agent on or prior to the Closing Date such Lender’s Revolving Percentage or Term Percentage,
as the case may be, of such requested extension of credit.

 

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5.2                Conditions
to Each Extension of Credit. The agreement of each Lender to make any extension of credit requested to be made by it hereunder
on any date (including its Loans disbursed on the Closing Date but excluding (x) any Revolving Loan Conversion, (y) any conversion
of a Eurodollar Loan into an ABR Loan pursuant to Section 2.11(a) and (z) any continuation of Loans pursuant to Section
2.11(b)) is subject to the satisfaction of the following conditions precedent:

 

(a)                
Representations and Warranties. Each of the representations and warranties made by each Loan Party in or pursuant to any
Loan Document (i) that is qualified by materiality shall be true and correct, and (ii) that is not qualified by materiality, shall be
true and correct in all material respects, in each case, on and as of such date as if made on and as of such date, except to the extent
any such representation and warranty expressly relates to an earlier date, in which case such representation and warranty shall have been
true and correct in all respects or all material respects, as required, as of such earlier date.

 

(b)               
Availability. With respect to any requests for any Revolving Extensions of Credit, after giving effect to such Revolving
Extension of Credit, the availability and borrowing limitations specified in Section 2.4 shall be complied with.

 

(c)                
Notice of Borrowing. The Administrative Agent shall have received a Notice of Borrowing in connection with any such request
for extension of credit which complies with the requirements hereof, and if such Loan is to be denominated in an Alternative Currency,
such Alternative Currency remains an Eligible Currency.

 

(d)               
No Default. No Default or Event of Default shall have occurred and be continuing as of or on such date or after giving effect
to the extensions of credit requested to be made on such date.

 

Each borrowing by and issuance
of a Letter of Credit on behalf of the Borrower hereunder and each Revolving Loan Conversion (excluding (x) any Revolving Loan Conversion,
(y) any conversion of a Eurodollar Loan into an ABR Loan pursuant to Section 2.11(a) and (z) any continuation of Loans pursuant
to Section 2.11(b)) shall constitute a representation and warranty by the Borrower as of the date of such extension of credit,
Revolving Loan Conversion or conversion, as applicable, that the conditions contained in this Section 5.2 have been satisfied.

 

SECTION
6

AFFIRMATIVE COVENANTS

 

Each Loan Party hereby agrees
that, at all times prior to the Discharge of Obligations, each Loan Party shall, and, where applicable, shall cause each of its Subsidiaries
to:

 

6.1               
Financial Statements. Furnish to the Administrative Agent, for distribution to each Lender:

 

(a)                
as soon as available, but in any event within 90 days after the end of each fiscal year of the Borrower, a copy of the audited
consolidated balance sheet of the Borrower and its consolidated Subsidiaries as at the end of such fiscal year and the related audited
consolidated statements of income and of cash flows for such fiscal year, setting forth in each case in comparative form the figures for
the previous year, reported on without a “going concern” or like qualification or exception, or qualification arising out
of the scope of the audit (other than any qualifications as may be required as a result of (x) an actual or prospective default or event
of default with respect to a financial covenant under this Agreement and the definitive documentation governing any material Indebtedness
(including the financial covenant set forth in Section 7.1) or (y) the impending maturity of any material Indebtedness), by Grant
Thornton LLP or other independent certified public accountants of nationally recognized standing;

 

(b)               
as soon as available, but in any event within 45 days after the end of each of the first three fiscal quarterly periods of each
fiscal year of the Borrower (commencing with the fiscal quarter ended September 30, 2021), the unaudited consolidated balance sheet of
the Borrower and its consolidated Subsidiaries as at the end of such fiscal quarter and the related unaudited consolidated statements
of income and of cash flows for such fiscal quarter and the portion of the fiscal year through the end of such fiscal quarter, setting
forth in each case in comparative form the figures from the budget and for the previous year, certified by a Responsible Officer as being
fairly stated in all material respects (subject to normal year-end audit adjustments) and inclusive of any management discussion and analysis
accompanying such financial statements;

 

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All such financial statements
shall be complete and correct in all material respects and shall be prepared in reasonable detail and in accordance with GAAP applied
(except as approved by such accountants or officer, as the case may be, and disclosed in reasonable detail therein) consistently throughout
the periods reflected therein and with prior periods.

 

Additionally, documents required
to be delivered pursuant to this Section 6.1 and Section 6.2(e) (to the extent any such documents are included in materials
otherwise filed with the SEC) may be delivered electronically and if so, shall be deemed to have been delivered on the date on which the
Borrower posts such documents, or provides a link thereto, either: (i) on the Borrower’s website on the Internet at the website
address listed in Section 10.2; or (ii) when such documents are posted electronically on the Borrower’s behalf on an internet
or intranet website to which each Lender and the Administrative Agent has access (whether a commercial, third-party website or whether
sponsored by the Administrative Agent), if any; provided that: (A) the Borrower shall deliver paper copies of such documents to
the Administrative Agent upon its request to the Borrower to deliver such paper copies until written request to cease delivering paper
copies is given by the Administrative Agent; and (B) upon request by the Administrative Agent to the Borrower, the Borrower shall notify
(which may be by facsimile or electronic mail) the Administrative Agent of the posting of any such documents and provide to the Administrative
Agent by email electronic versions (i.e. soft copies) of such documents. The Administrative Agent shall have no obligation to request
the delivery of or to maintain paper copies of the documents referred to above, and in any event shall have no responsibility to monitor
compliance by the Borrower with any such request by a Lender for delivery, and each Lender shall be solely responsible for requesting
delivery to it or maintaining its copies of such documents.

 

6.2               
Certificates; Reports; Other Information. Furnish to the Administrative Agent, for distribution to each Lender:

 

(a)                
concurrently with the delivery of any financial statements pursuant to Section 6.1, and with respect to the last day of
the applicable fiscal quarter or year to which such financial statements relate, a reasonably detailed report (in form and substance reasonably
satisfactory to the Administrative Agent) that details the respective amounts of cash, Cash Equivalents and Investments held as of such
date by each Subsidiary of the Borrower that is not a Loan Party as of such date;

 

(b)               
concurrently with the delivery of any financial statements pursuant to Section 6.1, a Compliance Certificate (i) containing
all information and calculations necessary for determining compliance by each Group Member with the provisions of this Agreement referred
to therein as of the last day of the applicable fiscal quarter or fiscal year of the Borrower, as the case may be, (ii) containing a certification
by a Responsible Officer stating that, to the best of such Responsible Officer’s knowledge, each Loan Party during such period has
observed or performed all of its covenants and other agreements, and satisfied every condition contained in this Agreement and the other
Loan Documents to which it is a party to be observed, performed or satisfied by it, and that such Responsible Officer has obtained no
knowledge of any Default or Event of Default except as specified in such certificate, (iii) containing a certification from a Responsible
Officer of the Borrower with respect to the items described in clause (xi) of the definition of “Consolidated EBITDA” and
(iii) to the extent not previously disclosed to the Administrative Agent, containing, (A) as applicable, a description of any change in
the jurisdiction of organization of any Loan Party and a list of any Intellectual Property, Chattel Paper (as defined in the Guarantee
and Collateral Agreement), Commercial Tort Claim (as defined in the Guarantee and Collateral Agreement) and Letter-of-Credit Rights (as
defined in the Guarantee and Collateral Agreement) issued to or acquired by any Loan Party since the date of the most recent Compliance
Certificate delivered pursuant to this Section 6.2(b)(B) and (B) a description of each event, condition or circumstance during
the last fiscal quarter or fiscal year covered by such Compliance Certificate requiring a mandatory prepayment under Section 2.10(c)
or (e) (to the extent notice of such event has not been previously furnished to the Administrative Agent);

 

(c)                 as
soon as available, and in any event no later than 75 days after the end of each fiscal year of the Borrower (commencing with the
fiscal year of the Borrower beginning on October 1, 2021), a detailed consolidated budget for the following fiscal year (including a
projected consolidated balance sheet of the Borrower and its Subsidiaries, the related consolidated statements of projected cash
flow, projected changes in financial position and projected income as of the end of each fiscal quarter and a description of the
underlying assumptions applicable thereto), and, as soon as available, significant revisions, if any, of such budget and projections
with respect to such fiscal year (collectively, the “Projections”), which Projections shall in each case be
accompanied by a certificate of a Responsible Officer of the Borrower stating that such Projections are based on reasonable
estimates, information and assumptions and that such Responsible Officer has no reason to believe that such Projections are
incorrect or misleading in any material respect (it being recognized by the Administrative Agent and the Lenders that any
projections and forecasts provided by the Borrower are based on good faith estimates and assumptions believed by the Borrower to be
reasonable as of the date of delivery of the applicable projections or assumptions and that actual results during the period or
periods covered by any such projections and forecasts may differ from projected or forecasted results);

 

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(d)               
promptly, and in any event within ten Business Days after receipt thereof by a Responsible Officer of any Loan Party or any Subsidiary
thereof, copies of each notice or other correspondence received from the SEC (or comparable agency in any applicable non-U.S. jurisdiction)
concerning any investigation or possible investigation or other inquiry by such agency regarding financial or other operational results
of any Loan Party or any Subsidiary thereof (other than routine comment letters from the staff of the SEC relating to the Borrower’s
filings with the SEC) if, and only to the extent that such Loan Party or Subsidiary may provide such information in accordance with any
applicable Requirements of Law;

 

(e)                
within five days after the same are sent, copies of each annual report, proxy or financial statement or other material report that
the Borrower sends to the holders of any class of the Borrower’s debt securities having an aggregate principal amount in excess
of $5,000,000 or public equity securities and, within five days after the same are filed, copies of all annual, regular, periodic and
special reports and registration statements which the Borrower may file with the SEC under Section 13 or 15(d) of the Exchange Act, or
with any national securities exchange, and not otherwise required to be delivered to the Administrative Agent pursuant hereto;

 

(f)                 
within five days after the same are sent or received, copies of all material correspondence, material reports, material documents
and other material filings with any Governmental Authority (i) regarding any non-compliance with or any failure to maintain any Governmental
Approvals or Requirements of Law applicable to any Loan Party, or (ii) that could reasonably be expected to have a Material Adverse Effect;

 

(g)               
concurrently with the delivery of the financial statements referred to in Section 6.1(a), updated insurance certificates
with respect to the insurance coverage required to be maintained pursuant to Section 6.5 and the terms of the Guarantee and Collateral
Agreement, together with any supplemental reports with respect thereto which the Administrative Agent may reasonably request;

 

(h)               
promptly, such additional financial and other information as the Administrative Agent or any Lender may from time to time reasonably
request; and

 

(i)                 
promptly following any request therefor, information and documentation reasonably requested in writing by the Administrative Agent
or any Lender for purposes of compliance with applicable “know your customer” and anti-money-laundering rules and regulations,
including the Patriot Act and the Beneficial Ownership Regulation.

 

6.3               
Payment of Obligations; Taxes.

 

(a)                
Pay, discharge or otherwise satisfy at or before maturity or before they become delinquent, as the case may be, all its material
obligations and liabilities (including all material Taxes and material Other Taxes imposed by law on an applicable Loan Party) of whatever
nature, except where the amount or validity thereof is currently being contested in good faith by appropriate proceedings diligently conducted
and reserves in conformity with GAAP with respect thereto have been provided on the books of the relevant Group Member.

 

(b)               
File or cause to be filed all Federal, state and other material tax returns that are required to be filed.

 

6.4                Maintenance
of Existence; Compliance. (a)(i) Preserve, renew and keep in full force and effect its organizational existence, and (ii) take
all reasonable action to maintain or obtain all Governmental Approvals and all other rights, privileges and franchises necessary or
desirable in the normal conduct of such Group Member’s business or necessary for the performance by such Group Member of its
Obligations under any Loan Document, except, in each case, as otherwise permitted by Section 7.4 and except, in the case of
clause (ii) above, to the extent that a failure to do so could not reasonably be expected to have a Material Adverse Effect; (b)
comply with all Contractual Obligations (including with respect to leasehold interests of the Borrower or any such Subsidiary) and
Requirements of Law except to the extent that a failure to comply therewith could not, in the aggregate, reasonably be expected to
have a Material Adverse Effect; and (c) comply with all Governmental Approvals, and any term, condition, rule, filing or fee
obligation, or other requirement related thereto, except to the extent that a failure to do so could not reasonably be expected to
have a Material Adverse Effect.

 

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6.5               
Maintenance of Property; Insurance.

 

(a)                
Keep all material property useful and necessary in its respective business in good working order and condition, ordinary wear and
tear excepted;

 

(b)               
maintain with financially sound and reputable insurance companies insurance on all of the property of the Borrower or such Subsidiary,
as applicable, in at least such amounts and against at least such risks (but including in any event public liability and product liability)
as are usually insured against in the same general area by companies engaged in the same or a similar business. Without limiting the foregoing,
(i) within 30 days after the first date on which the Collateral includes any improved real property of any Loan Party on any Material
Real Property that is located in an area identified by the Federal Emergency Management Agency or any successor thereto as an area having
special flood hazards pursuant to the National Flood Insurance Reform Act of 1994 or (ii) if any Material Real Property is at any time
located in an area identified by the Federal Emergency Management Agency (or any successor agency) as a special flood hazard area with
respect to which flood insurance has been made available under the National Flood Insurance Act of 1968 (as now or hereafter in effect
or successor act thereto), then the Borrower shall, and shall cause each other Loan Party, to (x) maintain, if available, fully paid flood
hazard insurance on all such improved real property of such Loan Party that constitutes Collateral, on such terms and in such amounts
as are required by the National Flood Insurance Reform Act of 1994 or as otherwise required by the Administrative Agent, (y) furnish to
the Administrative Agent evidence of the renewal of (and payment of renewal premiums in respect of) all such policies prior to the expiration
or lapse thereof, and (z) furnish to the Administrative Agent prompt written notice of any redesignation of any such improved real property
into or out of a special flood hazard area.

 

6.6               
Inspection of Property; Books and Records; Discussions. With respect to each Loan Party, (a) keep proper books of records and
account in which full, true and correct entries in conformity with GAAP (consistently applied as in effect from time to time) and all
Requirements of Law shall be made of all dealings and transactions in relation to its business and activities, and (b) permit representatives
and independent contractors of (and reasonably selected by) the Administrative Agent or, as applicable, any Lender to visit and inspect
any of the respective properties of the Loan Parties (provided that, with respect to any leased properties, such inspection shall
not violate the terms of the applicable lease), and examine and make abstracts from any of their respective books and records at any reasonable
time (during normal business hours and, so long as no Event of Default has occurred and is continuing, upon reasonable advance notice
to such Loan Party) and as often as may reasonably be desired and to discuss the business, operations, properties and financial and other
condition of the Loan Parties with officers, directors and employees of the Loan Parties and with their independent certified public accountants;
provided that such inspections shall not be undertaken more frequently than once per year, unless an Event of Default has occurred
and is continuing, in which case such inspections and audits may occur as often as the Administrative Agent shall reasonably determine
is necessary.

 

6.7               
Notices. Promptly after a Responsible Officer of the Borrower, any other Loan Party, or any other officer or employee of the
Borrower responsible for administering any of the Loan Documents or monitoring compliance with any of the provisions thereof, in any such
case, obtains knowledge thereof, notify the Administrative Agent in writing of:

 

(a)                
the occurrence of any Default or Event of Default;

 

(b)                any
(i) default or event of default under any Contractual Obligation of any Group Member that, if not cured or if adversely determined,
as the case may be, could reasonably be expected to have a Material Adverse Effect; and (ii) litigation, investigation or proceeding
that may exist at any time between any Group Member and any Governmental Authority that, if not cured or if adversely determined, as
the case may be, could reasonably be expected to have a Material Adverse Effect;

 

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(c)                
any litigation or proceeding affecting any Group Member (i) in which, if such litigation or proceeding was determined adversely
to any Group Member it could reasonably be expected to have a Material Adverse Effect or (ii) which relates to the performance of any
Group Member’s Obligations under any Loan Document;

 

(d)               
(i)promptly after the Borrower has knowledge or becomes aware of the occurrence of any of the following events affecting any
Loan Party or any of its respective ERISA Affiliates (but in no event more than ten days after any such event), the occurrence of any
of the following events, and shall provide the Administrative Agent with a copy of any notice with respect to such event that may be required
to be filed with a Governmental Authority and any notice delivered by a Governmental Authority to the Borrower or any of its ERISA Affiliates
with respect to such event, if such event could reasonably be expected to result in liability in excess of $5,000,000 of any Loan Party
or any of their respective ERISA Affiliates: (A) an ERISA Event, (B) the adoption of any new Pension Plan by the Borrower or any ERISA
Affiliate, (C) the adoption of any amendment to a Pension Plan, if such amendment will result in a material increase in benefits or unfunded
benefit liabilities (as defined in Section 4001(a)(18) of ERISA), or (D) the commencement of contributions by the Borrower or any ERISA
Affiliate to any Pension Plan that is subject to Title IV of ERISA or Section 412 of the Code;

 

(ii)               
upon the reasonable request of the Administrative Agent after the giving, sending or filing thereof, or the receipt thereof, copies
of each Schedule B (Actuarial Information) to the annual report (Form 5500 Series) filed by Loan Party or any of its respective ERISA
Affiliates with the IRS with respect to each Pension Plan; and

 

(iii)             
promptly after the receipt thereof by any Loan Party or any of its respective ERISA Affiliates, all notices from a Multiemployer
Plan sponsor concerning an ERISA Event that could reasonably be expected to result in a liability in excess of $2,500,000 of any Loan
Party or any of its respective ERISA Affiliates;

 

(e)                
[Intentionally Omitted];

 

(f)                 
any material change in accounting policies or financial reporting practices by any Loan Party; and

 

(g)               
any development or event that has had or could reasonably be expected to have a Material Adverse Effect.

 

Each notice pursuant to this
Section 6.7 shall be accompanied by a statement of a Responsible Officer of the Borrower setting forth details of the occurrence
referred to therein and stating what action the relevant Group Member proposes to take with respect thereto.

 

6.8               
Environmental Laws.

 

(a)                
Comply in all material respects with, and ensure compliance in all material respects by all tenants and subtenants, if any, with,
all applicable Environmental Laws, and obtain and comply in all material respects with and maintain, and ensure that all tenants and subtenants
obtain and comply in all material respects with, and maintain any and all licenses, approvals, notifications, registrations or permits
required by, all applicable Environmental Laws.

 

(b)               
Except as could not reasonably be expected to result in a Material Adverse Effect, conduct and complete all investigations, studies,
sampling and testing, and all remedial, removal and other actions required under Environmental Laws and promptly comply in all material
respects with all lawful orders and directives of all Governmental Authorities regarding Environmental Laws.

 

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6.9               
 Operating Accounts. Within 180 days after the Closing Date, each of the Loan Parties will establish and thereafter maintain
the Administrative Agent as its principal depository bank.

 

6.10            
Audits. At reasonable times, on 10 Business Days’ prior notice (provided that no notice shall be required if an
Event of Default has occurred and is continuing), the Administrative Agent, or its agents, shall have the right to inspect the Collateral
and the right to audit and copy any and all of any Loan Party’s books and records including ledgers, federal and state tax returns,
records regarding assets or liabilities, the Collateral, business operations or financial condition, and all computer programs or storage
or any equipment containing such information (provided that with respect to any leased property, such inspection shall not violate
the terms of the applicable lease). Any of foregoing inspections and audits that are ordered or commenced during the continuance of an
Event of Default shall be at the Borrower’s expense, and the charge therefor shall be $1,000 per person per day (or such reasonably
higher amount as shall represent the Administrative Agent’s then-current standard charge for the same), plus reasonable and
documented out-of-pocket expenses. Such inspections and audits shall not be undertaken more frequently than once per year, unless an Event
of Default has occurred and is continuing, in which case such inspections and audits shall occur as often as the Administrative Agent
shall reasonably determine is necessary.

 

6.11            
Additional Collateral, Etc.

 

(a)                
With respect to any property (to the extent included in the definition of Collateral and not constituting Excluded Assets) acquired
on or after the Closing Date by any Loan Party (other than (x) any property described in paragraph (b) or (c) below, and (y) any property
subject to a Lien expressly permitted by Section 7.3(g)) as to which the Administrative Agent, for the ratable benefit of the Secured
Parties, does not have a perfected Lien, promptly (and in any event within 60 days) (i) execute and deliver to the Administrative Agent
such amendments to the Guarantee and Collateral Agreement, or such other documents as the Administrative Agent may reasonably deem necessary
or advisable to evidence that such Loan Party is a Guarantor and to grant to the Administrative Agent, for the ratable benefit of the
Secured Parties, a security interest in such property and (ii) take all actions necessary or advisable in the opinion of the Administrative
Agent to grant to the Administrative Agent, for the ratable benefit of the Secured Parties, a perfected first priority (except as expressly
permitted by Section 7.3) security interest and Lien in such property, including the filing of Uniform Commercial Code financing
statements in such jurisdictions as may be required by the Guarantee and Collateral Agreement, or by law or as may be requested by the
Administrative Agent.

 

(b)               
With respect to each Target that is a Material Subsidiary and any new direct or indirect Material Subsidiary of the Borrower created
or acquired on or after the Closing Date (including any such Material Subsidiary acquired pursuant to a Permitted Acquisition), within
60 days after any Subsidiary of the Borrower qualifies as a Material Subsidiary, deliver to the Administrative Agent (i) a Joinder Agreement,
(ii) a joinder to the Guarantee and Collateral Agreement, (iii) such documents and instruments as the Administrative Agent reasonably
deems necessary or advisable to grant to the Administrative Agent, for the ratable benefit of the Secured Parties, a perfected first priority
security interest and Lien in the Capital Stock of such Target or new Material Subsidiary (provided that in no event shall more
than 66% of the total outstanding voting Equity Interests of any Target or new Material Subsidiary that is an Excluded Foreign Subsidiary
be required to be so pledged), including but not limited to, the certificates representing such Capital Stock, together with undated stock
powers, in blank, executed and delivered by a duly authorized officer of the applicable Loan Party and (iv) if requested by the Administrative
Agent, deliver to the Administrative Agent legal opinions addressing such matters as the Administrative Agent may reasonably specify,
which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent. Notwithstanding
the foregoing, any Subsidiary created for the purpose of consummating an acquisition and that the Borrower plans to merge out of existence
in connection with such acquisition shall not be required to comply with the foregoing clause (b) provided that such Subsidiary is actually
merged out of existence in connection with such acquisition. Notwithstanding anything to the contrary in any Loan Document, no Immaterial
Subsidiary, unless such Immaterial Subsidiary has been designated as a “Material Subsidiary” in accordance with the definition
of Material Subsidiary set forth in Section 1.1, or Excluded Foreign Subsidiary shall be required to be a Loan Party.

 

(c)                 With
respect to any new First Tier Foreign Subsidiary or any First Tier Foreign Subsidiary Holding Company, as applicable, created or
acquired on or after the Closing Date by any Loan Party, promptly (i) execute and deliver to the Administrative Agent such
amendments to the Guarantee and Collateral Agreement as the Administrative Agent reasonably deems necessary or advisable to grant to
the Administrative Agent, for the ratable benefit of the Secured Parties, a perfected first priority security interest and Lien in
the Capital Stock of such new First Tier Foreign Subsidiary or First Tier Foreign Subsidiary Holding Company, as applicable, that is
owned by any such Loan Party (provided that in no event shall more than 66% of the total outstanding voting Equity Interests
of any such new First Tier Foreign Subsidiary or First Tier Foreign Subsidiary Holding Company, as applicable, that is an Excluded
Foreign Subsidiary be required to be so pledged, (ii) deliver to the Administrative Agent the certificates representing such Capital
Stock (if certificated), together with undated stock powers, in blank, executed and delivered by a duly authorized officer of the
relevant Loan Party, and take such other action (including, as applicable, the delivery of any Foreign Pledge Documents reasonably
requested by the Administrative Agent for any Foreign Subsidiaries that contribute more than $1,500,000 in revenue) as may be
necessary or, in the reasonable opinion of the Administrative Agent, desirable to perfect the Administrative Agent’s security
interest therein, and (iii) if reasonably requested by the Administrative Agent, deliver to the Administrative Agent legal opinions
relating to the matters described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to
the Administrative Agent.

 

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(d)               
Each Loan Party shall use commercially reasonable efforts to obtain a landlord’s agreement or bailee letter, as applicable,
from the lessor of its headquarters location and from the lessor of or the bailee related to any other location where in excess of $2,500,000
of Collateral is stored or located, in each case, if requested by the Administrative Agent, which agreement or letter, in any such case,
shall contain a waiver or subordination of all Liens or claims that the landlord or bailee may assert against the Collateral at that location,
and shall otherwise be reasonably satisfactory in form and substance to the Administrative Agent. Each Loan Party shall pay and perform
its material obligations under all leases and other agreements with respect to each leased location or public warehouse where any Collateral
is or may be located.

 

(e)                
Not later than 120 days (or such longer period as the Administrative Agent may agree in writing in its discretion) after (i) any
Material Real Property is acquired by a Loan Party on or after the Closing Date or (ii) an entity becomes a Loan Party if such entity
owns Material Real Property at the time it becomes a Loan Party, cause such Material Real Property to be subject to a Lien and Mortgage
in favor of the Administrative Agent for the benefit of the Secured Parties and take, or cause the relevant Loan Party to take, such actions
as shall be necessary or reasonably requested by the Administrative Agent to grant and perfect or record such Lien, in each case to the
extent required by, and subject to the limitations and exceptions of, the Loan Documents and to otherwise comply with the requirements
of the Loan Documents. Notwithstanding anything to the contrary contained in this Section 6.11(e), prior to the execution of any
Mortgage for any such Material Real Property, (x) the Borrower shall deliver to the Administrative Agent advance notice of the address
of any such Material Real Property and (y) the Administrative Agent shall provide the Lenders with at least 30 days’ prior written
notice of the address of such Material Real Property (it being understood that the Administrative Agent shall not be responsible for or
have a duty to ascertain or inquire into the accuracy of any such address, nor shall the Administrative Agent be responsible or liable
to the Lenders for any failure to provide any such notice).

 

Notwithstanding the foregoing,
the Administrative Agent shall not enter into any Mortgage in respect of any real property acquired by any Loan Party on or after the
Closing Date until the date that occurs thirty (30) days after the Administrative Agent has delivered to the Lenders (which may be delivered
electronically) the following documents in respect of such real property: (i) a completed flood hazard determination from a third party
vendor; (ii) if such real property is located in a “special flood hazard area”, (A) a notification to the Borrower (or applicable
Loan Party) of that fact and (if applicable) notification to the Borrower that flood insurance coverage is not available and (B) evidence
of the receipt by the Borrower of such notice; and (iii) if such notice is required to be provided to the Borrower and flood insurance
is available in the community in which such real property is located, evidence of required flood insurance.

 

6.12            
Anti-Corruption Laws. Conduct its business in compliance with all applicable anti-corruption laws and maintain policies and
procedures designated to promote and achieve compliance with such laws.

 

6.13            
Insider Subordinated Indebtedness. Cause any Insider Indebtedness in excess of $1,000,000 owing by any Loan Party to any Person
that is not a Loan Party to become Insider Subordinated Indebtedness (a) on or prior to the Closing Date, in respect of any such Insider
Indebtedness in existence as of the Closing Date or (b) contemporaneously with the incurrence thereof, in respect of any such Insider
Indebtedness incurred at any time after the Closing Date; provided that no Insider Indebtedness shall in any event and under any
circumstances be secured by any assets of any Group Member.

 

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6.14            
 Use of Proceeds. Use the proceeds of each credit extension only for the purposes specified in Section 4.16.

 

6.15            
[Intentionally Omitted].

 

6.16           
Beneficial Ownership Certification. Borrower shall, following any request therefor, promptly deliver information and documentation
reasonably requested by the Administrative Agent or any Lender for purposes of compliance with the Beneficial Ownership.

 

6.17            
M.I.R.E Events. Each of the parties hereto acknowledges and agrees that, if there are any properties subject to a Mortgage
(“Mortgaged Properties”), any increase, extension or renewal of any of the Commitments or Loans (excluding
(i) any continuation or conversion of borrowings, (ii) the making of any Revolving Loan or (iii) the issuance, renewal or extension of
Letters of Credit) shall be subject to (and conditioned upon) the prior delivery of all flood hazard determination certifications, acknowledgements
and evidence of flood insurance and other flood-related documentation with respect to such Mortgaged Properties as required by Flood Insurance
Laws.

 

6.18          
Further Assurances. Execute any further instruments and take such further action as the Administrative Agent reasonably deems
necessary to perfect, protect, ensure the priority of or continue the Administrative Agent’s Lien on the Collateral or to effect
the purposes of this Agreement.

 

SECTION
7

NEGATIVE COVENANTS

 

Each Loan Party hereby agrees
that, at all times prior to the Discharge of Obligations, no Loan Party shall, nor shall it permit any of its Subsidiaries to, directly
or indirectly:

 

7.1               
Financial Condition Covenants.

 

(a)                
[Reserved].

 

(b)             
Maximum Consolidated First Lien Leverage Ratio. If as of the last day of any fiscal quarter the Financial Covenant Test
Condition is then applicable, permit the Consolidated First Lien Leverage Ratio, for the period of four fiscal quarters ending as of the
last day of any fiscal quarter period of the Borrower, to exceed 5.25:1.00.

 

7.2               
Indebtedness. Create, issue, incur, assume, become liable in respect of or suffer to exist any Indebtedness, except:

 

(a)                
Indebtedness of any Group Member pursuant to any Loan Document or Bank Services Agreement or FX Contract;

 

(b)               
Indebtedness of (i) any Loan Party owing to any other Loan Party, and (ii) any Group Member that is not a Loan Party to any other
Group Member that is not a Loan Party to fund working capital requirements in the ordinary course of business not inconsistent with past
practices;

 

(c)                
Guarantee Obligations (i) of any Loan Party of the Indebtedness of any other Loan Party; (ii) of any Subsidiary (which is not a
Loan Party) of the Indebtedness of any Loan Party, or (iii) by any Subsidiary (which is not a Loan Party) of the Indebtedness of any other
Subsidiary (that is not a Loan Party), provided that, in any case (i), (ii) or (iii), the Indebtedness so guaranteed is otherwise
permitted by the terms hereof;

 

(d)             
Indebtedness outstanding on the date hereof and listed on Schedule 7.2(d) and any Permitted Refinancing Indebtedness in
respect thereof;

 

(e)               Indebtedness
(including, without limitation, Capital Lease Obligations) secured by Liens permitted by Section 7.3(g) in an aggregate
principal amount not to exceed at any one time outstanding the greater of $10,000,000 and 10% of Consolidated EBITDA (calculated on
a Pro Forma Basis) for the latest four fiscal quarter period for which financial statements have been delivered pursuant to Section
6.1 (and any Permitted Refinancing Indebtedness in respect thereof);

 

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(f)                 
[reserved];

 

(g)             
unsecured Subordinated Indebtedness owed to a seller in connection with an acquisition not to exceed at any one time outstanding
the greater of $10,000,000 and 10% of Consolidated EBITDA (calculated on a Pro Forma Basis) for the latest four fiscal quarter period
for which financial statements have been delivered pursuant to Section 6.1;

 

(h)               
Indebtedness consisting of any Earn Out Obligations or any working capital adjustments in connection with the Acquisition or any
Permitted Acquisition (to the extent any such payment obligations constitute Indebtedness);

 

(i)                
obligations (contingent or otherwise) of the Loan Parties and their respective Subsidiaries existing or arising under any Swap
Agreement, provided that such obligations are (or were) entered into by such Person in accordance with Section 7.12 and
not for purposes of speculation;

 

(j)                
Guarantee Obligations of the Borrower in respect of obligations (other than Indebtedness) of any Subsidiary of the Borrower, which
Guarantee Obligations are not otherwise prohibited pursuant to the terms of this Agreement or, as applicable, any other Loan Document;
provided that any such Guarantee Obligation is incurred by the Borrower in the ordinary course of business consistent with past
practice;

 

(k)               
Indebtedness owing to trade creditors that is incurred in respect of surety bonds and similar obligations in the ordinary course
of business and consistent with past practice;

 

(l)                
Indebtedness of any Group Member in respect of workers’ compensation claims, payment obligations in connection with health
or other types of social security benefits, unemployment or other insurance obligations, reclamation and statutory obligations, incurred
in the ordinary course of business and not for overdue amounts;

 

(m)              
Indebtedness consisting of the financing of insurance premiums in the ordinary course of business;

 

(n)               
Indebtedness of Foreign Subsidiaries not to exceed at any one time outstanding the greater of $10,000,000 or 10% of Consolidated
EBITDA (calculated on a Pro Forma Basis) for the latest four fiscal quarter period for which financial statements have been delivered
pursuant to Section 6.1;

 

(o)                (i)
secured Indebtedness of any Person that becomes, and continues as, a Subsidiary of any Loan Party after the Closing Date, and
secured Indebtedness in respect of assets acquired after the Closing Date pursuant to an acquisition permitted hereunder and
existing at the time of such asset acquisition; provided that (A) no such Indebtedness is created in contemplation of such asset
acquisition, (B) any such Indebtedness, as applicable, remains Indebtedness of such acquired Subsidiary and not of any other Loan
Party, and (C) immediately before and immediately after giving effect to the incurrence of such secured Indebtedness, no Default or
Event of Default shall have occurred and be continuing (including any Event of Default arising from any failure to comply with the
financial covenant set forth in Section 7.1), such calculation to be determined on a pro forma basis based on the
financial information most recently delivered to the Administrative Agent pursuant to Section 6.1(a) or (b) (or, prior
to the date financial statements are first delivered to the Administrative Agent pursuant to Section 6.1, on the basis of the
Pro Forma Financial Statements) (giving pro forma effect to such acquisition, as if such acquisition was consummated as of
the last day of the period as to which such financial information relates); and (ii) (A)  unsecured Indebtedness of any
Person that becomes, and continues as, a Subsidiary of any Loan Party after the date hereof, and (B) unsecured Indebtedness in
respect of assets acquired pursuant to an acquisition permitted hereunder and existing at the time of such asset acquisition; provided
that (1) no such unsecured Indebtedness permitted by this clause (ii) is created in contemplation of such asset acquisition, and (2)
immediately before and immediately after giving effect to the incurrence of any such unsecured Indebtedness permitted by this clause
(ii), no Default or Event of Default shall have occurred and be continuing (including without limitation any Event of Default
arising from any failure to comply with the financial covenant set forth in Section 7.1), such calculation to be determined
on a pro forma basis based on the financial information most recently delivered to the Administrative Agent pursuant to Section
6.1(a) or (b) (or, prior to the date financial statements are first delivered to the Administrative Agent pursuant to Section
6.1, on the basis of the Pro Forma Financial Statements); provided, that the aggregate amount of all such Indebtedness
permitted by this clause (o) shall not exceed the greater of $10,000,000 and 10% of Consolidated EBITDA (calculated on a Pro Forma
Basis) for the latest four fiscal quarter period for which financial statements have been delivered to Section 6.1 at any
time outstanding.

 

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(p)               
Indebtedness of the Borrower and any Subsidiary of the Borrower, including any Permitted Refinancing Debt in respect thereof; provided,
that in the case of each incurrence of such Indebtedness:

 

(i)                 
no Event of Default shall have occurred and be continuing or would be caused by the incurrence of such Indebtedness;

 

(ii)               
the Consolidated Leverage Ratio shall not exceed 5.00 to 1.00, calculated on a pro forma basis after giving effect to the incurrence
of such Indebtedness and use the proceeds thereof;

 

(iii)             
not more than the greater of $20,000,000 and 20% of Consolidated EBITDA (calculated on a Pro Forma Basis) for the latest four fiscal
quarter period for which financial statements have been delivered pursuant to Section 6.1 of such Indebtedness shall be incurred
(and be outstanding) by Subsidiaries of the Borrower that are not Loan Parties.

 

(q)               
Indebtedness incurred on or after the Closing Date by any Subsidiary (including any Foreign Subsidiary) that is not a Loan Party
and owing to a Loan Party; provided that no Indebtedness incurred at any time in reliance on this clause (q) shall cause the Foreign
Investment Limit in effect at such time to be exceeded; and

 

(r)                 
other Indebtedness in a principal amount not to exceed at any one time outstanding the greater of $20,000,000 and 20% of Consolidated
EBITDA (calculated on a Pro Forma Basis) for the latest four fiscal quarter period for which financial statements have been delivered
pursuant to Section 6.1;

 

To the extent that the creation,
incurrence or assumption of any Indebtedness could be attributable to more than one subsection of this Section 7.2, the Borrower
may allocate such Indebtedness to any one or more of such subsections and in no event shall the same portion of Indebtedness be deemed
to utilize or be attributable to more than one item; provided that all Indebtedness created pursuant to the Loan Documents shall
be deemed to have been incurred in reliance on Section 7.2(a). For purposes of determining compliance with the Dollar-denominated
restrictions in any subsection of this Section 7.2 on the incurrence of Indebtedness, the Dollar Equivalent principal amount of
Indebtedness denominated in a Foreign Currency shall be calculated based on the relevant currency Exchange Rate in effect on the date
on which such Indebtedness was incurred in the case of term Indebtedness, or first committed, in the case of revolving credit Indebtedness;
provided that if such Indebtedness is Permitted Refinancing Indebtedness incurred to modify, refinance, refund, renew or extend
other Indebtedness denominated in a Foreign Currency, and such modification, refinancing, refunding, renewal or extension would cause
the applicable Dollar-denominated restriction to be exceeded if calculated at the relevant currency Exchange Rate in effect on the date
of such modification, refinancing, refunding, renewal or extension, such Dollar-denominated restriction shall be deemed not to have been
exceeded so long as such Permitted Refinancing Indebtedness is otherwise permitted by the terms of this Section 7.2.

 

7.3               
Liens. Create, incur, assume or suffer to exist any Lien upon any of its property, whether now owned or hereafter acquired,
except:

 

(a)                
Liens for Taxes not yet delinquent or that are being contested in good faith by appropriate proceedings; provided that adequate
reserves with respect thereto are maintained on the books of the applicable Group Member in conformity with GAAP (or, in the case of any
Foreign Subsidiary, generally accepted accounting principles in effect from time to time in its respective jurisdiction of organization);

 

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(b)               
 carriers’, warehousemen’s, landlord’s, mechanics’, materialmen’s, repairmen’s or other like
Liens arising in the ordinary course of business that (i) do not cover any Intellectual Property, and (ii) are not overdue for a period
of more than 90 days or that are being contested in good faith by appropriate proceedings;

 

(c)                
pledges or deposits (other than to the extent involving any pledge of Intellectual Property) in connection with workers’
compensation, unemployment insurance and other social security legislation;

 

(d)               
pledges or deposits (other than any deposits of any Intellectual Property or rights thereto) made to secure earnest money deposits
required under letters of intent or purchase money agreements or made to secure the performance of tenders, bids, trade contracts (other
than for borrowed money), leases, subleases, statutory obligations, surety and appeal bonds, performance bonds and other obligations of
a like nature incurred in the ordinary course of business (other than for indebtedness or any Liens arising under ERISA);

 

(e)                
easements, rights-of-way, minor defects or irregularities of title, restrictions and other similar encumbrances incurred in the
ordinary course of business that, in the aggregate, are not substantial in amount and that do not in any case materially detract from
the value of the property subject thereto or materially interfere with the ordinary conduct of the business of the applicable Group Member;

 

(f)                 
Liens (other than in any Intellectual Property) in existence on the date hereof listed on Schedule 7.3(f), securing Indebtedness
permitted by Section 7.2(d); provided that (i) no such Lien is spread to cover any additional property after the Closing
Date, (ii) the amount of Indebtedness secured or benefitted thereby is not increased, (iii) the direct or any contingent obligor with
respect thereto is not changed, and (iv) any renewal or extension of the obligations secured thereby is permitted by Section 7.2(d);

 

(g)               
Liens securing Indebtedness incurred pursuant to Section 7.2(e) to finance the acquisition of fixed or capital assets; provided
that (i) such Liens shall be created substantially simultaneously with the acquisition of such fixed or capital assets, (ii) such Liens
do not at any time encumber any property other than the property financed by such Indebtedness (provided that individual financings
of equipment provided by one lender of the type permitted under Section 7.2(e) may be cross-collateralized to other financings
of equipment provided by such lender of the type permitted under Section 7.2(e), and (iii) the amount of Indebtedness secured thereby
is not increased;

 

(h)               
Liens created pursuant to the Security Documents;

 

(i)                 
any interest or title of a lessor or licensor under any lease or license entered into by a Group Member in the ordinary course
of its business and covering only the assets so leased or licensed;

 

(j)                 
judgment Liens that do not constitute an Event of Default under Section 8.1(h) of this Agreement;

 

(k)               
bankers’ Liens, rights of setoff and other similar Liens existing solely with respect to cash, Cash Equivalents, securities,
commodities and other funds on deposit in one or more accounts maintained by a Group Member, in each case arising in the ordinary course
of business in favor of banks, other depositary institutions, securities or commodities intermediaries or brokerages with which such accounts
are maintained securing amounts owing to such banks or financial institutions with respect to cash management and operating account management
or are arising under Section 4-208 or 4-210 of the UCC on items in the course of collection;

 

(l)                 
Liens securing Indebtedness incurred pursuant to Section 7.2(n) or Section 7.2(r);

 

(m)              
the replacement, extension or renewal of any Lien permitted by clause (g) above upon or in the same property theretofore subject
thereto or the replacement, extension or renewal (without increase in the amount or change in any direct or contingent obligor) of the
Indebtedness secured thereby;

 

(n)               
Liens comprised of licenses not prohibited by the terms of the Loan Documents;

 

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

 

(p)               
Liens securing Indebtedness permitted under Section 7.2(o)(i) and, in each case, not created in contemplation of or in connection
with such event; provided that (i) no such Lien shall extend to or cover any other property or assets of any Loan Party or any
Subsidiary, as the case may be, and (ii) such Lien shall secure only those obligations that it secures on the date of any applicable asset
acquisition or on the date such Person becomes a Subsidiary and any refinancing or replacement thereof;

 

(q)               
Liens consisting of an agreement to Dispose of any property in a Disposition permitted under Section 7.5, in each case,
solely to the extent such Disposition would have been permitted on the date of the creation of such Lien; provided that such Liens
encumber only the applicable assets pending consummation of such Disposition;

 

(r)                 
 (i) leases, licenses, subleases and sublicenses granted to other Persons in the ordinary course of business which do not (A) interfere
in any material respect with the business of the Group Members, taken as a whole, or (B) secure any Indebtedness, and (ii) the rights
reserved or vested in any Person by the terms of any lease, license, franchise, grant or permit held by the Borrower or its Subsidiaries;

 

(s)                
Permitted Encumbrances;

 

(t)                 
Liens securing Indebtedness represented by financed insurance premiums in the ordinary course of business consistent with past
practice, provided that such Liens do not extend to any property or assets other than the corresponding insurance policies being
financed;

 

(u)               
precautionary UCC financing statements or similar filings made in respect of (i) operating leases entered into by any Group Member
or (ii) receivables financing arrangements permitted by Section 7.5(m), provided that such financing statements or similar filings
do not extend to any property or assets other than the assets subject to such operating leases or receivables financing arrangements;

 

(v)               
Liens securing Indebtedness incurred pursuant to Section 7.2(p); provided that (i) in the case of Liens ranking pari
passu with the Liens securing the Obligations, the Consolidated First Lien Leverage Ratio shall not exceed 4.00 to 1.00, calculated
on a pro forma basis after giving effect to incurrence of such Indebtedness and the use of proceeds therefrom, and (ii) in the case of
Liens ranking junior to the Liens securing the Obligations, the Consolidated Secured Leverage Ratio shall not exceed 4.50 to 1.00, calculated
on a pro forma basis after giving effect to the incurrence of such Indebtedness and the use of proceeds therefrom; and

 

(w)              
Other Liens securing obligations in a principal amount not to exceed at any one time outstanding the greater of $10,00,000 and
10% of Consolidated EBITDA (calculated on a Pro Forma Basis) for the latest four fiscal quarter period for which financial statements
have been delivered pursuant to Section 6.1.

 

For purposes of determining
compliance with this Section 7.3, (A) a Lien securing an item of Indebtedness need not be permitted solely by reference to one
category of permitted Liens (or any portion thereof) described in clauses (a) through (w) above, but may be permitted in part under any
combination thereof, and (B) in the event that a Lien securing an item of Indebtedness (or any portion thereof) meets the criteria of
one or more of the categories of permitted Liens (or any portion thereof) described in clauses (a) through (w) above, the Borrower may
classify or divide such Lien securing such item of Indebtedness (or any portion thereof) in any manner that complies with this Section
7.3 and will be entitled to only include the amount and type of such Lien or such item of Indebtedness secured by such Lien (or any
portion thereof) in one of the above clauses and such Lien securing such item of Indebtedness (or any portion thereof) will be treated
as being incurred or existing pursuant to only such clause or clauses (or any portion thereof).

 

7.4               
Fundamental Changes. Consummate any merger, consolidation, or amalgamation, or a Division, or liquidate, wind up, or dissolve
itself (or suffer any liquidation or dissolution), or Dispose of all or substantially all of its property or business, except that:

 

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(a)                
 any Group Member that is not a Loan Party may be merged or consolidated with or into (i) a Loan Party (provided that a
Loan Party shall be the continuing or surviving Person), and (ii) another Group Member that is not a Loan Party (provided that
the surviving Group Member complies with the requirements specified in Section 6.11, if applicable);

 

(b)               
any Subsidiary of the Borrower may Dispose of any or all of its assets (i) pursuant to any liquidation or other transaction that
results in the assets of such Subsidiary being transferred to the Borrower or any other Loan Party, or (ii) pursuant to a Disposition
permitted by Section 7.5;

 

(c)                
any Investment permitted by Section 7.7 may be structured as a merger, consolidation, or amalgamation; provided that
if any Loan Party is the subject of such a merger, consolidation, or amalgamation, the surviving entity shall be a Loan Party; and

 

(d)               
any Loan Party may be merged or consolidated with or into any other Loan Party (provided that if the Borrower is the subject
of a merger or consolidation, the surviving entity must be the Borrower).

 

Notwithstanding the foregoing
or any provision to the contrary in any Loan Document, no merger, Disposition or other transaction made at any time in reliance on this
Section 7.4 shall cause the Foreign Investment Limit in effect at such time to be exceeded.

 

7.5               
Disposition of Property. Dispose of any of its property, whether now owned or hereafter acquired, or, in the case of any Subsidiary
of the Borrower, issue or sell any shares of such Subsidiary’s Capital Stock to any Person, except:

 

(a)                
Dispositions of obsolete or worn out property in the ordinary course of business;

 

(b)               
Dispositions of Inventory in the ordinary course of business and consistent with past practice;

 

(c)                
Dispositions permitted by clause (i) of Section 7.4(b);

 

(d)               
the sale or issuance of the Capital Stock of any Subsidiary of the Borrower (i) to the Borrower or any other Loan Party, or (ii)
for fair market value in connection with any transaction that does not result in a Change of Control;

 

(e)                
the use or transfer of money, cash or Cash Equivalents in a manner that is not prohibited by the terms of this Agreement or the
other Loan Documents;

 

(f)                 
the licensing of Patents, Trademarks, Copyrights and other Intellectual Property rights in the ordinary course of business and
that does not materially interfere with the ordinary course of business of the Loan Parties;

 

(g)               
the Disposition of property (i) by any Loan Party to any other Loan Party, and (ii) by any Subsidiary that is not a Loan Party
to any other Group Member;

 

(h)               
Dispositions of property subject to a Casualty Event in good faith on an arm’s length basis; provided that Net Cash
Proceeds of such Dispositions shall be reinvested or applied to prepay Loans to the extent required pursuant to Section 2.10(c);

 

(i)                 
leases or subleases of real property or equipment on an arm’s length basis for fair market value;

 

(j)                 
the sale or discount without recourse of accounts receivable arising in the ordinary course of business in connection with the
compromise or collection thereof, other than pursuant to clause (m) below;

 

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(k)               
 any abandonment, cancellation, non-renewal or discontinuance of use or maintenance of Intellectual Property (or rights relating
thereto) of any Group Member that the Borrower determines in good faith is desirable in the conduct of its business and not materially
disadvantageous to the interests of the Lenders;

 

(l)                 
Dispositions made on an arm’s length basis for fair market value of other property so long as at least 75% of the total consideration
for any such Disposition shall be in the form of cash or Cash Equivalents; provided that, at the time of any such Disposition made
in reliance on this clause (l), no Event of Default shall have occurred and be continuing or would result from any such Disposition; provided,
further, that Net Cash Proceeds of such Dispositions shall be reinvested or applied to prepay Loans to the extent required pursuant
to Section 2.10(c);

 

(m)              
Dispositions of Accounts in the ordinary course of business, pursuant to supply chain finance or receivables finance arrangements;

 

(n)               
payments permitted under Section 7.6, Investments permitted under Section 7.7, and Liens permitted under Section
7.3;

 

(o)               
Dispositions of equipment or real property on an arm’s length basis to the extent that (i) such property is exchanged for
credit against the purchase price of property used or useful in the business of any Group Member or (ii) the proceeds of such Disposition
are reasonably promptly applied to the purchase price of such property;

 

(p)               
any Foreign Subsidiary of the Borrower may sell or Dispose of Equity Interests in such Subsidiary to qualify directors where required
by applicable Law or to satisfy other requirements of applicable Law with respect to the ownership of Equity Interests in Foreign Subsidiaries;

 

(q)               
each Group Member may surrender or waive contractual rights and settle or waive contractual or litigation claims in the ordinary
course of business and to the extent such surrender or waiver could not reasonably be expected to result in a Material Adverse Effect;

 

(r)                 
to the extent constituting a Disposition, the issuance by the Borrower of its Equity Interests, so long as no Change of Control
would result;

 

(s)                
[reserved] and

 

(t)                 
Dispositions made on or after the Closing Date by any Loan Party to any Subsidiary (including any Foreign Subsidiary) that is not
a Loan Party; provided that no Disposition made at any time in reliance on this clause (t) shall cause the Foreign Investment
Limit in effect at such time to be exceeded.

 

Notwithstanding the foregoing
or any provision to the contrary in any Loan Document, no Disposition made in reliance on this Section 7.5 shall transfer any Material
Intellectual Property from a Loan Party to a Person that is not a Loan Party.

 

7.6               
Restricted Payments. Make any payment or prepayment of principal of, premium, if any, or interest on, or redemption, purchase,
retirement, defeasance (including in-substance or legal defeasance), sinking fund or similar payment with respect to, any Subordinated
Indebtedness (except intercompany Indebtedness permitted under Section 7.2(b) or 7.2(q)), declare or pay any dividend (other
than dividends payable solely in common stock of the Person making such dividend) on, or make any payment on account of, or set apart
assets for a sinking or other analogous fund for, the purchase, redemption, defeasance, retirement or other acquisition of, any Capital
Stock of any Group Member, whether now or hereafter outstanding, or make any other distribution in respect thereof, either directly or
indirectly, whether in cash or property or in obligations of any Group Member (collectively, “Restricted Payments”),
except that, so long as no Event of Default shall have occurred and be continuing at the time of any action described below or would result
therefrom:

 

(a)                 (i)
any Group Member may make Restricted Payments to any Loan Party, (ii) any Group Member that is not a Loan Party may make Restricted
Payments to the owners of the Equity Interests of such Group Member based on the relative ownership interests of the relevant Equity
Interests, and (iii) any Group Member may declare and make dividends which are payable solely in the common Capital Stock of such
Group Member;

 

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(b)               
each Loan Party may purchase common Capital Stock or common Capital Stock options from present or former officers or employees
of any Group Member upon the death, disability or termination of employment of such officer or employee; provided that no Default
or Event of Default then exists or would result therefrom and the aggregate amount of payments made under this subsection (b) shall not
exceed $1,000,000 during any fiscal year of the Borrower;

 

(c)                
payments on any Subordinated Indebtedness in accordance with the terms of any subordination agreement governing such Subordinated
Indebtedness;

 

(d)               
the Loan Parties may make Restricted Payments; provided that (i) no Default or Event of Default has occurred and is continuing
or would result therefrom and (ii) the Consolidated Leverage Ratio shall not exceed 2.00 to 1.00 calculated on a pro forma basis after
giving effect to such Restricted Payments and the incurrence of any Indebtedness in connection therewith (which, if requested by the Administrative
Agent, shall be demonstrated in a Compliance Certificate provided to the Administrative Agent);

 

(e)                
 (i) each Group Member may make repurchases of Capital Stock deemed to occur upon exercise of Equity Interests consisting of stock
options or warrants if such repurchased Capital Stock represents a portion of the exercise price of such Equity Interests consisting of
options or warrants, and (ii) repurchases of Capital Stock deemed to occur upon the withholding of a portion of the Capital Stock granted
or awarded to a current or former officer, director, employee or consultant to pay for the taxes payable by such Person upon such grant
or award (or upon vesting thereof);

 

(f)                 
each Group Member may deliver its common Capital Stock upon conversion of any convertible Indebtedness having been issued by the
Borrower; provided that such Indebtedness is otherwise permitted by Section 7.2;

 

(g)               
so long as no Default or Event of Default shall be continuing, Restricted Payments using the Available Amount;

 

(h)               
each Group Member may make Restricted Payments with respect to Subordinated Indebtedness in an aggregate amount not to exceed the
greater of $10,00,000 and 10% of Consolidated EBITDA (calculated on a Pro Forma Basis) for the latest four fiscal quarter period for which
financial statements have been delivered pursuant to Section 6.1;

 

(i)                 
Restricted Payments made on or after the Closing Date by (i) any Loan Party to any Subsidiary (including any Foreign Subsidiary)
that is not a Loan Party; provided that no Restricted Payment made at any time in reliance on this clause (i) shall cause
the Foreign Investment Limit in effect at such time to be exceeded and (ii) any Subsidiary (including any Foreign Subsidiary) that is
not a Loan Party to any Subsidiary (including any Foreign Subsidiary) that is not a Loan Party constituting payments in respect of intercompany
Indebtedness permitted by Section 7.2(q);

 

(j)                 
Each Group Member may make other Restricted Payments in an aggregate amount in any fiscal year not to exceed the greater of $20,000,000
and 20% of Consolidated EBITDA (calculated on a Pro Forma Basis) for the latest four fiscal quarter period for which financial statements
have been delivered pursuant to Section 6.1;

 

(k)               
Each Group Member may make unlimited Restricted Payments if (i) no Default or Event of Default shall be continuing and (ii) the
Consolidated Leverage Ratio shall not exceed 2.00 to 1.00, calculated on a pro forma basis after giving effect to such Restricted Payments.

 

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For purposes of
determining compliance with this Section 7.6, in the event that a Restricted Payment (or any portion thereof) meets the
criteria of more than one of the categories of Restricted Payments described in clauses (a) through (k) above, the Borrower may
divide and classify such Restricted Payment (or any portion thereof) on the date it is made, and at any time from time to time may
later reclassify all or any portion of any Restricted Payment as having been made under any category of Restricted Payments
described in clauses (a) through (k) above, so long as such Restricted Payment is permitted to be made pursuant to such provisions
at the time of reclassification.

 

The foregoing provisions of
this Section 7.6 will not prohibit the payment of any Restricted Payment or the consummation of any redemption, repurchase, defeasance,
sinking fund or similar payment within 60 days after the date of declaration thereof or the giving of notice, as applicable, if at the
date of declaration or the giving of such notice, such payment would have complied with the provisions of this Section 7.6 (it
being understood that such Restricted Payment shall be deemed to have been made on the date of declaration of notice for purposes of such
provision).

 

Notwithstanding the foregoing
or any provision to the contrary in any Loan Document, no Restricted Payment made at any time in reliance on this Section 7.6 shall
(i) cause the Foreign Investment Limit in effect at such time to be exceeded or (ii) transfer any Material Intellectual Property from
a Loan Party to a Person that is not a Loan Party..

 

7.7               
Investments. Make any advance, loan, extension of credit (by way of guarantee or otherwise) or capital contribution to, or
purchase any Capital Stock, bonds, notes, debentures or other debt securities of, or any assets constituting a business unit of, or make
any other investment in, any Person (all of the foregoing, “Investments”), except:

 

(a)                
extensions of trade credit in the ordinary course of business;

 

(b)               
(i) Investments in cash and Cash Equivalents and (ii) other Investments permitted by the Borrower’s board approved cash management
investment policy (a copy of which policy, in the form in which it exists as of the Closing Date, has been provided to and approved by
the Administrative Agent);

 

(c)                
Guarantee Obligations permitted by Section 7.2;

 

(d)               
loans and advances to employees of any Group Member in the ordinary course of business (including for travel, entertainment and
relocation expenses) in an aggregate amount for all Group Members not to exceed $1,000,000 at any one time outstanding;

 

(e)                
intercompany Investments by any Group Member in the Borrower or any Person that, prior to such investment, is a Wholly Owned Subsidiary
Guarantor; provided that any intercompany loans made by any Loan Party shall be evidenced by and funded under an intercompany note
in form and substance reasonably satisfactory to the Administrative Agent and pledged and delivered to the Administrative Agent to the
extent required by the Guarantee and Collateral Agreement;

 

(f)                 
Investments in the ordinary course of business consisting of endorsements of negotiable instruments for collection or deposit;

 

(g)               
Investments received in settlement of amounts due to any Group Member effected in the ordinary course of business or owing to such
Group Member as a result of Insolvency Proceedings involving an Account Debtor or upon the foreclosure or enforcement of any Lien in favor
of such Group Member;

 

(h)               
(i) Investments constituting Permitted Acquisitions and the Acquisition and (ii) Investments held by any Person as of the date
such Person is acquired in connection with a Permitted Acquisition, provided that (A) such Investments were not made, in any case,
by such Person in connection with, or in contemplation of, such Permitted Acquisition, and (B) with respect to any such Person which becomes
a Subsidiary as a result of such Permitted Acquisition, such Subsidiary remains the only holder of such Investment;

 

(i)                 
so long as no Default or Event of Default shall be continuing, Investments using the Available Amount;

 

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(j)                 
 deposits or guaranties made to secure the performance of leases, licenses or contracts in the ordinary course of business, and
other deposits made in connection with the incurrence of Liens permitted under Section 7.3;

 

(k)               
the licensing or contribution of Intellectual Property pursuant to joint marketing arrangements with other Persons in the ordinary
course of business;

 

(l)                 
promissory notes and other non-cash consideration received in connection with Dispositions permitted by Section 7.5, to
the extent not exceeding the limits specified therein with respect to the receipt of non-cash consideration in connection with such Dispositions;

 

(m)              
unlimited Investments if (i) no Default or Event of Default shall be continuing and (ii) the Consolidated Leverage Ratio shall
not exceed 3.00 to 1.00, calculated on a pro forma basis after giving effect to such Investments;

 

(n)               
Investments specified in Schedule 7.7 and existing on the Closing Date;

 

(o)               
Investments made to effect, or in connection with, the Transactions;

 

(p)               
Other Investments in an aggregate amount not to exceed the greater of $15,000,000 and 15% of Consolidated EBITDA (calculated on
a Pro Forma Basis) for the latest four fiscal quarter period for which financial statements have been delivered pursuant to Section
6.1 at one time outstanding;

 

(q)               
Investments made on or after the Closing Date by any Loan Party in any Subsidiary (including any Foreign Subsidiary) that is not
a Loan Party; provided that no Investment made at any time in reliance on this clause (q) shall cause the Foreign Investment Limit
in effect at such time to be exceeded.

 

For purposes of determining
compliance with this Section 7.7, in the event that an Investment (or any portion thereof) meets the criteria of more than one
of the categories of permitted Investments described in clauses (a) through (q) above, the Borrower may divide and classify such Investment
(or any portion thereof) on the date of incurrence, and at any time from time to time may later reclassify all or any portion of any Investment
as having been incurred under any category of permitted Investments described in clauses (a) through (q) above, so long as such Investment
is permitted to be incurred pursuant to such provisions at the time of reclassification.

 

Notwithstanding the foregoing
or any provision to the contrary in any Loan Document, no Investment made at any time in reliance on this Section 7.7 shall (i)
cause the Foreign Investment Limit in effect at such time to be exceeded or (ii) transfer any Material Intellectual Property from a Loan
Party to a Person that is not a Loan Party.

 

7.8               
ERISA. Except as could not reasonably be expected to result in a Material Adverse Effect, the Borrower shall not, and shall
not permit any of its Subsidiaries to: (a) terminate any Pension Plan so as to result in any liability to such Person or any of such Person’s
ERISA Affiliates, (b) permit to exist any ERISA Event, or any other event or condition, which presents the risk of a material liability
to any of their respective ERISA Affiliates, (c) make a complete or partial withdrawal (within the meanings of ERISA Sections 4203 and
4205) from any Multiemployer Plan so as to result in any material liability to such Person or any of their respective ERISA Affiliates,
(d) enter into any new Pension Plan or modify any existing Pension Plan so as to increase its obligations thereunder which could result
in any liability to any such Person or any of its respective ERISA Affiliates, (e) [Intentionally Omitted], or (f) engage in any transaction
which would cause any obligation, or action taken or to be taken, hereunder (or the exercise by the Administrative Agent or any Lender
of any of its rights under this Agreement, any Note or the other Loan Documents) to be a non-exempt (under a statutory or administrative
class exemption) prohibited transaction under ERISA or Section 4975 of the Code.

 

7.9                Optional
Payments and Modifications of Certain Preferred Stock and Debt Instruments. (a) Amend, modify, waive or otherwise change, or
consent or agree to any amendment, modification, waiver or other change to, any of the terms of the Preferred Stock (i) that would
move to an earlier date the scheduled redemption date or increase the amount of any scheduled redemption payment or increase the
rate or move to an earlier date any date for payment of dividends thereon or (ii) that would be otherwise materially adverse to any
Lender or any other Secured Party; or (b) amend, modify, waive or otherwise change, or consent or agree to any amendment,
modification, waiver or other change to, any of the terms of any Indebtedness permitted by Section 7.2 (other than
Indebtedness pursuant to any Loan Document or any Bank Services Agreement or FX Contract) that could reasonably be expected to
result in a Material Adverse Effect.

 

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7.10            
Transactions with Affiliates. Enter into any transaction, including any purchase, sale, lease or exchange of property, the
rendering of any service or the payment of any management, advisory or similar fees, with any Affiliate (other than any other Loan Party
or between or among any Subsidiaries that are not Loan Parties) unless such transaction is (a)(i) not otherwise prohibited under this
Agreement or any other Loan Document, (ii) [Intentionally Omitted], (iii) upon fair and reasonable terms not materially less favorable
to the relevant Group Member than it would obtain in a comparable arm’s length transaction with a Person that is not an Affiliate,
and (iv) a transaction the consummation of which would not cause the Foreign Investment Limit in effect at such time to be exceeded, (b)
one involving the payment of customary directors’ fees and indemnification and reimbursement of expenses to directors, officers
and employees, (c) one involving the issuance of Equity Interests pursuant to the Borrower’s equity plans and stock purchase plans,
(d) one involving reasonable compensation paid to officers and employees in their capacities as such, and (e) other transactions in the
ordinary course of business (including any Restricted Payment not prohibited by this Agreement) that are on fair and reasonable terms
not materially less favorable to the relevant Group Member than it would obtain in a comparable arm’s length transaction with a
Person that is not an Affiliate and are disclosed when required to be disclosed pursuant to Exchange Act rules.

 

7.11            
Sale Leaseback Transactions. Enter into any Sale Leaseback Transaction unless (a) the Disposition of the applicable property
subject to such Sale Leaseback Transaction is permitted under Section 7.5(l), and (b) any Liens in the property of any Loan Party
incurred in connection with any such Sale Leaseback Transaction are permitted under Section 7.3(g).

 

7.12            
Swap Agreements. Enter into (a) any Swap Agreement secured by a Lien on all or any portion of the Collateral, except Specified
Swap Agreements; or (b) any Swap Agreement, except Swap Agreements which are entered into by a Group Member to (i) hedge or mitigate risks
to which such Group Member has actual or anticipated exposure (other than those in respect of Capital Stock), or (ii) effectively cap,
collar or exchange interest rates (from fixed to floating rates, from one floating rate to another floating rate or otherwise) with respect
to any interest-bearing liability or investment of such Group Member.

 

7.13            
Accounting Changes. Make any change in its (a) accounting policies (including any U.S. federal income tax accounting policies)
or reporting practices, except as required by GAAP, or (b) fiscal year (except that any Subsidiary may change its fiscal year to match
that of the Borrower).

 

7.14            
Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability
of any Loan Party to create, incur, assume or suffer to exist any Lien upon any of its property or revenues, whether now owned or hereafter
acquired, to secure its Obligations under the Loan Documents and Bank Services Agreements and FX Contracts to which it is a party, other
than (a) this Agreement and the other Loan Documents (other than any Bank Services Agreements and FX Contracts), (b) any agreements governing
any purchase money Liens or Capital Lease Obligations otherwise permitted hereby (in which case, any prohibition or limitation shall only
be effective against the assets financed thereby), (c) customary restrictions on the assignment of leases, licenses and other agreements,
(d) any agreement in effect at the time any Subsidiary becomes a Subsidiary of a Loan Party, so long as such agreement was not entered
into solely in contemplation of such Person becoming a Subsidiary or, in any such case, that is set forth in any agreement evidencing
any amendments, restatements, supplements, modifications, extensions, renewals and replacements of the foregoing, so long as such amendment,
restatement, supplement, modification, extension, renewal or replacement applies only to such Subsidiary and does not otherwise expand
in any material respect the scope of any restriction or condition contained therein, and (e) any customary restriction pursuant to any
document, agreement or instrument governing or relating to any Lien permitted under Sections 7.3 or any agreement or option to
Dispose any asset of any Group Member, the Disposition of which is permitted by any other provision of this Agreement (in each case, provided
that any such restriction relates only to the assets or property subject to such Lien or being Disposed).

 

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7.15            
 Clauses Restricting Subsidiary Distributions. Enter into or suffer to exist or become effective any consensual encumbrance
or restriction on the ability of any Loan Party or any of their respective Subsidiaries to (a) make Restricted Payments in respect of
any Capital Stock of such Subsidiary held by, or to pay any Indebtedness owed to, any other Group Member, (b) make loans or advances to,
or other Investments in, any other Group Member, or (c) transfer any of its assets to any other Group Member, except for such encumbrances
or restrictions existing under or by reason of (i) any restrictions existing under the Loan Documents, (ii) any restrictions with respect
to a Subsidiary imposed pursuant to an agreement that has been entered into in connection with a Disposition permitted hereby of all or
substantially all of the Capital Stock or assets of such Subsidiary, (iii) customary restrictions on the assignment of leases, licenses
and other agreements, (iv) restrictions of the nature referred to in clause (c) above under agreements governing purchase money liens
or Capital Lease Obligations otherwise permitted hereby which restrictions are only effective against the assets financed thereby (v)
any agreement in effect at the time any Subsidiary becomes a Subsidiary of the Borrower, so long as such agreement applies only to such
Subsidiary, was not entered into solely in contemplation of such Person becoming a Subsidiary or in each case that is set forth in any
agreement evidencing any amendments, restatements, supplements, modifications, extensions, renewals and replacements of the foregoing,
so long as such amendment, restatement, supplement, modification, extension, renewal or replacement does not expand in any material respect
the scope of any restriction or condition contained therein, (vi) any restriction pursuant to any document, agreement or instrument governing
or relating to any Lien permitted under Section 7.3 or (viii) restrictions pursuant to documents, agreements or instruments governing
or relating to any Indebtedness permitted under Section 7.2 which are not materially more restrictive than the restrictions contained
in the Loan Documents.

 

7.16            
Lines of Business. Enter into any business, either directly or through any Subsidiary, except for those businesses in which
the Borrower and its Subsidiaries are engaged on the date of this Agreement or that are reasonably related or provides similar business
benefits to its customers, ancillary or incidental thereto (including the Target Parties).

 

7.17            
[Reserved].

 

7.18            
Certification of Certain Equity Interests. Take any action to certificate any Equity Interests having been pledged to the Administrative
Agent (for the ratable benefit of the Secured Parties) which were uncertificated at the time so pledged, in any such case, without first
obtaining the Administrative Agent’s prior written consent to do so and undertaking to the reasonable satisfaction of the Administrative
Agent all such actions as may reasonably be requested by the Administrative Agent to continue the perfection of its Liens (held for the
ratable benefit of the Secured Parties) in any such newly certificated Equity Interests.

 

7.19            
Amendments to Organizational Agreements and Material Contracts. (a) Materially amend or permit any material amendments to any
Loan Party’s organizational documents if such amendment would be adverse to the Administrative Agent or the Lenders in any material
respect; or (b) amend or permit any amendments to, or terminate or waive any provision of, any material Contractual Obligation if such
amendment, termination, or waiver could reasonably be expected to result in a Material Adverse Effect.

 

7.20            
Use of Proceeds. Use the proceeds of any extension of credit hereunder, whether directly or indirectly, and whether immediately,
incidentally or ultimately, to (a) purchase or carry margin stock (within the meaning of Regulation U of the Board) or to extend credit
to others for the purpose of purchasing or carrying margin stock or to refund indebtedness originally incurred for such purpose, in each
case in violation of, or for a purpose which violates, or would be inconsistent with, Regulation T, U or X of the Board, or (b) finance
an Unfriendly Acquisition.

 

7.21            
[Reserved.].

 

7.22            
Sanctions. Permit any Loan or Letter of Credit or the proceeds thereof, directly or, to the knowledge of any Responsible Officer
of the Borrower, indirectly, (a) to be lent, contributed or otherwise made available to fund any activity or business in any Designated
Jurisdiction; (b) to fund any activity or business of any Person located, organized or residing in any Designated Jurisdiction or who
is the subject of any Sanctions; or (c) in any other manner that will result in any material violation by any Person (including any Lender,
Lead Arranger, Administrative Agent, any Issuing Lender or Swing Line Lender) of any Sanctions.

 

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7.23            
 Anti-Corruption Laws. Directly or indirectly use the proceeds of any Loan or other credit extension made hereunder for any
purpose which would breach the Foreign Corrupt Practices Act, the UK Bribery Act 2010, or other similar legislation in other jurisdictions,
applicable to the Borrower and the Subsidiaries.

 

7.24            
Anti-Terrorism Laws. Conduct, deal in or engage in or permit any Affiliate or agent of any Loan Party within its control to
conduct, deal in or engage in any of the following activities: (a) conduct any business or engage in any transaction or dealing with any
person blocked pursuant to Executive Order No. 13224 (a “Blocked Person”), including the making or receiving
any contribution of funds, goods or services to or for the benefit of any Blocked Person; (b) deal in, or otherwise engage in any transaction
relating to, any property or interests in property blocked pursuant to Executive Order No. 13224; or (c) engage in on conspire to engage
in any transaction that evades or avoids, or has the purpose of evading or avoiding, or attempts to violate, any of the prohibitions set
forth in Executive Order No. 13224 or the Patriot Act. The Borrower shall deliver to the Administrative Agent and the Lenders any certification
or other evidence reasonably requested from time to time by the Administrative Agent or any Lender confirming the Borrower’s compliance
with this Section 7.24.

 

SECTION
8

EVENTS OF DEFAULT

 

8.1               
Events of Default. The occurrence of any of the following shall constitute an Event of Default:

 

(a)                
the Borrower (i) shall fail to pay any amount of principal of any Loan when due in accordance with the terms hereof, (ii) shall
fail to reimburse any L/C Disbursement when due, or (iii) shall fail to pay any amount of interest on any Loan, or any other amount payable
hereunder or under any other Loan Document, within three Business Days after any such interest or other amount becomes due in accordance
with the terms hereof; or

 

(b)               
any representation or warranty made or deemed made by any Loan Party herein or in any other Loan Document or that is contained
in any certificate, document or financial or other statement furnished by it at any time under or in connection with this Agreement or
any such other Loan Document (i) if qualified by materiality, shall be incorrect or misleading when made or deemed made, or (ii) if not
qualified by materiality, shall be incorrect or misleading in any material respect when made or deemed made; or

 

(c)                
any Loan Party shall default in the observance or performance of any agreement contained in any of Section 6.1, clause (i)
or (ii) of Section 6.4(a), Section 6.7(a), Section 6.9, Section 6.14 or any subsection of Section 7
(subject to, in the case of the financial covenant contained in Section 7.1(b), the cure rights in Section 8.4); provided
that, in the case of any Event of Default under Section 7.1(b) (a “Financial Covenant Event of Default”), such
default shall not constitute a default with respect to any Term Loans unless and until the Revolving Loans have been declared due and
payable and the Revolving Commitments have been terminated by the Required Revolving Lenders pursuant to Section 8.2 and such acceleration
or termination has not been rescinded; provided, however, that if (x) Required Revolving Lenders irrevocably rescind such acceleration
and termination in a writing delivered to the Administrative Agent within 10 Business Days after such acceleration and termination and
(y) Required Lenders (including the Term Loan Lenders) have not accelerated the Loans, the Financial Covenant Event of Default shall automatically
cease to constitute an Event of Default with respect to the Term Loans from and after such date; or

 

(d)               
any Loan Party shall default in the observance or performance of any other agreement contained in this Agreement or any other Loan
Document to which it is a party (other than as provided in paragraphs (a) through (c) of this Section) or an “Event of Default”
under and as defined in any Security Document shall have occurred, and in each case such default shall continue unremedied for a period
of 30 days after the earlier of (i) the Borrower’s receipt of written notice thereof from the Administrative Agent or (ii) a Responsible
Officer of any Loan Party obtaining knowledge thereof; or

 

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(e)                 (i)
any Group Member shall (A) default in making any payment of any principal of any Indebtedness (including any Guarantee Obligation,
but excluding the Loans) on the scheduled or original due date with respect thereto; (B) default in making any payment of any
interest on any such Indebtedness beyond the period of grace, if any, provided in the instrument or agreement under which such
Indebtedness was created; (C) default in making any payment or delivery under any such Indebtedness constituting a Swap Agreement
beyond the period of grace, if any, provided in such Swap Agreement; (D) default in making any payment or delivery under any such
Indebtedness constituting a Swap Agreement beyond the period of grace, if any, provided in such Swap Agreement; or (E) default in
the observance or performance of any other agreement or condition relating to any such Indebtedness or contained in any instrument
or agreement evidencing, securing or relating thereto, or any other event shall occur or condition exist, the effect of which
default or other event or condition is to (1) cause, or to permit the holder or beneficiary of, or, in the case of any such
Indebtedness constituting a Swap Agreement, counterparty under, such Indebtedness (or a trustee or agent on behalf of such holder,
beneficiary, or counterparty) to cause, with the giving of notice if required, such Indebtedness to become due prior to its stated
maturity or (in the case of any such Indebtedness constituting a Guarantee Obligation) to become payable or (in the case of any such
Indebtedness constituting a Swap Agreement) to be terminated, or (2) to cause, with the giving of notice if required, any Group
Member to purchase or redeem or make an offer to purchase or redeem such Indebtedness prior to its stated maturity; provided
that, unless such Indebtedness constitutes a Specified Swap Agreement, a default, event or condition described in clauses (i)(A),
(B), (C), (D) or (E) of this subsection (e) shall not at any time constitute an Event of Default unless, at such time, one or
more defaults, events or conditions of the type described in clauses (i)(A), (B), (C), (D) or (E) of this subsection (e) shall have
occurred with respect to Indebtedness, the outstanding principal amount (and, in the case of Swap Agreements, other than Specified
Swap Agreements, the Swap Termination Value) of which, individually or in the aggregate for all such Indebtedness, exceeds
$20,000,000; or (ii) any default or event of default (however designated) shall occur with respect to any Subordinated Indebtedness
of any Group Member (other than intercompany Indebtedness) the outstanding principal amount of which exceeds $20,000,000; or

 

(f)                 
(i) any Group Member shall commence any case, proceeding or other action (a) under any Debtor Relief Law seeking to have an order
for relief entered with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking reorganization, arrangement, adjustment,
winding-up, liquidation, dissolution, composition or other relief with respect to it or its debts, or (b) seeking appointment of a receiver,
trustee, custodian, conservator, judicial manager, or other similar official for it or for all or any substantial part of its assets,
or any Group Member shall make a general assignment for the benefit of its creditors; or (ii) there shall be commenced against any Group
Member any case, proceeding or other action of a nature referred to in clause (i) above that (a) results in the entry of an order for
relief or any such adjudication or appointment, or (b) remains undismissed, undischarged or unbonded for a period of 60 consecutive days
(provided that, during such 60 consecutive day period, no Loans shall be advanced or Letters of Credit issued hereunder); or (iii)
there shall be commenced against any Group Member any case, proceeding or other action seeking issuance of a warrant of attachment, execution,
distraint or similar process against all or any substantial part of its assets that results in the entry of an order for any such relief
that shall not have been vacated, discharged, or stayed or bonded pending appeal for a period of 60 consecutive days (provided
that, during such 60 consecutive day period, no Loans shall be advanced or Letters of Credit issued hereunder); or (iv) any Group Member
shall consent to, approve of, or acquiesce in, any of the acts set forth in clause (i), (ii), or (iii) above; or (v) any Group Member
shall generally not, or shall be unable to, or shall admit in writing its inability to, pay its debts as they become due; or

 

(g)               
there shall occur one or more ERISA Events which individually or in the aggregate results in or otherwise is associated with liability
of any Loan Party or any ERISA Affiliate thereof in excess of $20,000,000 during the term of this Agreement; or there exists an amount
of unfunded benefit liabilities (as defined in Section 4001(a)(18) of ERISA), individually or in the aggregate for all Pension Plans (excluding
for purposes of such computation any Pension Plans with respect to which assets exceed benefit liabilities) which exceeds $20,000,000;
or

 

(h)               
there is entered against any Group Member (i) one or more final judgments or orders for the payment of money or fines or penalties
issued by any Governmental Authority involving in the aggregate a liability (not paid or fully covered by insurance as to which the relevant
insurance company has acknowledged coverage) of $20,000,000 or more, or (ii) one or more non-monetary final judgments that have, or could
reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and, in either case (i) or (ii), (A) enforcement
proceedings are commenced by any creditor or any such Governmental Authority, as applicable, upon such judgment, order, penalty or fine,
as applicable, or (B) such judgment, order, penalty or fine, as applicable, shall not have been vacated, discharged, stayed or bonded,
as applicable, pending appeal for a period of 60 consecutive days; or

 

(i)                  (i)          any
of the Security Documents shall cease, for any reason, to be in full force and effect (other than pursuant to the terms thereof), or
any Loan Party shall so assert, or any Lien created by any of the Security Documents shall cease to be enforceable and of the same
effect and priority purported to be created thereby (in each case, except to the extent that (i) any such enforceability or priority
is not required pursuant to the Security Documents, or (ii) such loss of a valid or perfected security interest, as applicable, may
be remedied by the filing of appropriate documentation without the loss of priority); or

 

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(ii)               
there shall be commenced against any Loan Party any case, proceeding or other action seeking issuance of a warrant of attachment,
execution, distraint or similar process against all or any substantial part of its assets that results in the entry of an order for any
such relief that shall not have been vacated, discharged or stayed or bonded pending appeal within 60 days from the entry thereof; or

 

(iii)             
any court order enjoins, restrains or prevents a Loan Party from conducting all or any material part of its business for a period
of time in excess of five Business Days; or

 

(j)                 
the guarantee contained in Section 2 of the Guarantee and Collateral Agreement shall cease, for any reason, to be in full force
and effect or any Loan Party shall so assert; or

 

(k)               
a Change of Control shall occur; or

 

(l)                 
any of the Governmental Approvals required to be obtained and/or delivered to the Administrative Agent pursuant to any Loan Document
shall have been (i) revoked, rescinded, suspended, modified in an adverse manner or not renewed in the ordinary course for a full term
or (ii) subject to any decision by a Governmental Authority that designates a hearing with respect to any applications for renewal of
any of the Governmental Approvals or that could reasonably be expected to result in the Governmental Authority taking any of the actions
described in clause (i) above, and such decision or such revocation, rescission, suspension, modification or nonrenewal has, or could
reasonably be expected to have, a Material Adverse Effect; or

 

(m)              
any Loan Document not otherwise referenced in Section 8.1(i) or (j), at any time after its execution and delivery
and for any reason, other than (x) as expressly permitted hereunder or thereunder (including as a result of a transaction permitted under
Section 7.4 or 7.5), or (y) the Discharge of Obligations, ceases to be in full force and effect; or any Loan Party or any
other Person contests in any manner the validity or enforceability of any Loan Document; or any Loan Party denies that it has any or any
further liability or obligation under any Loan Document to which it is a party, or purports to revoke, terminate or rescind any such Loan
Document.

 

8.2               
Remedies Upon Event of Default. If any Event of Default occurs and is continuing, the Administrative Agent shall, at the request
of, or may, with the consent of, the Required Lenders, take any or all of the following actions:

 

(a)                
(i) if such event is an Event of Default specified in clause (i) or (ii) of paragraph (f) of Section 8.1 with respect to
the Borrower, the Commitments shall immediately terminate automatically and the Loans (with accrued interest thereon) and all other amounts
owing under this Agreement, the other Loan Documents and all Bank Services Agreements and FX Contracts shall automatically immediately
become due and payable and (ii) if such event is a Financial Covenant Event of Default, at the request of, or with the consent of the
Required Revolving Lenders only, and without limiting Section 8.1(c), only with respect to the Revolving Loans, Revolving Commitments,
Swingline Commitments, Swingline Loans, any Letter of Credit and L/C Exposure), the Administrative Agent may, or upon the request of the
Required Revolving Lenders, the Administrative Agent shall, by notice to the Borrower, declare such Commitments to be terminated forthwith,
whereupon such Commitments, if any, shall immediately terminate, and/or declare such Loans hereunder (with accrued interest and fees thereon)
to be due and payable forthwith, whereupon the same shall immediately become due and payable, and

 

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(b)                if
such event is any other Event of Default, any of the following actions may be taken: (i) with the consent of the Required Lenders,
the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to the Borrower
declare the Revolving Commitments, the Term Commitments, the Swingline Commitments and the L/C Commitments to be terminated
forthwith, whereupon the Revolving Commitments, the Term Commitments, the Swingline Commitments and the L/C Commitments shall
immediately terminate; (ii) with the consent of the Required Lenders, the Administrative Agent may, or upon the request of the
Required Lenders, the Administrative Agent shall, by notice to the Borrower, declare the Loans (with accrued interest thereon) and
all other amounts owing under this Agreement and the other Loan Documents to be due and payable forthwith, whereupon the same shall
immediately become due and payable; (iii) if so provided for by the terms of any FX Contract or Bank Services Agreement, any Bank
Services Provider may terminate any FX Contract or other Bank Services Agreement then outstanding and declare all Obligations then
owing by the Group Members under any Bank Services Agreements or FX Contract then outstanding to be due and payable forthwith,
whereupon the same shall immediately become due and payable; and (iv) exercise on behalf of itself, the Lenders and the Issuing
Lenders all rights and remedies available to it, BMO, any of BMO’s applicable Affiliates, the Lenders, the Issuing Lenders and
any Bank Services Provider under the Loan Documents and the Bank Services Agreements and FX Contracts, as applicable. With respect
to all Letters of Credit with respect to which presentment for honor shall not have occurred at the time of an acceleration pursuant
to Section 8.2(a) or (b), the Borrower shall Cash Collateralize an amount equal to 103% of the aggregate then undrawn and unexpired
amount of such Letters of Credit. Amounts so Cash Collateralized shall be applied by the Administrative Agent to the payment of
drafts drawn under such Letters of Credit, and the unused portion thereof after all such Letters of Credit shall have expired or
been fully drawn upon, if any, shall be applied to repay other Obligations of the Borrower hereunder and under the other Loan
Documents and Bank Services Agreements and FX Contracts in accordance with Section 8.3. In addition, (x) the Borrower
shall also Cash Collateralize the full amount of any Swingline Loans then outstanding, and (y) to the extent elected by any Bank
Services Provider the Borrower shall also Cash Collateralize the amount of any Obligations in respect of Bank Services and FX
Contracts then outstanding, which Cash Collateralized amounts shall be applied by such Bank Services Provider to the payment of all
such outstanding Bank Services and FX Contracts, and any unused portion thereof remaining after all such Bank Services and FX
Contracts shall have been fully paid and satisfied in full shall be applied by the Administrative Agent to repay other Obligations
of the Loan Parties hereunder and under the other Loan Documents in accordance with the terms of Section 8.3. After all such
Letters of Credit and Bank Services Agreements and FX Contracts shall have been terminated, expired or fully drawn upon, as
applicable, and all amounts drawn under any such Letters of Credit shall have been reimbursed in full and all other Obligations of
the Borrower and the other Loan Parties (including any such Obligations arising in connection with Bank Services and FX Contracts)
shall have been paid in full or the Event of Default for which cash collateral was required hereunder is waived, and no other Event
of Default has occurred and is continuing, the balance, if any, of the funds having been so Cash Collateralized shall be returned to
the Borrower (or such other Person as may be lawfully entitled thereto). Except as expressly provided above in this Section,
presentment, demand, protest and all other notices of any kind are hereby expressly waived by the Borrower (except to the extent
such notices are otherwise expressly provided for elsewhere in this Agreement or the other Loan Documents).

 

8.3               
Application of Funds. After the exercise of remedies provided for in Section 8.2, any amounts received by the Administrative
Agent on account of the Obligations shall be applied by the Administrative Agent in the following order:

 

First, to the payment
of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (other than principal and interest but including
any Collateral-Related Expenses, fees, charges and disbursements of outside counsel to the Administrative Agent and amounts payable under
Sections 2.17, 2.18 and 2.19) payable to the Administrative Agent, in its capacity as such, (including interest thereon);

 

Second, to payment of
that portion of the Obligations constituting fees, indemnities and other amounts (other than principal, interest and Letter of Credit
Fees) payable to the Lenders, the Issuing Lenders (including any Letter of Credit Fronting Fees, Issuing Lender Fees and the reasonable
fees, charges and disbursements of outside counsel to the respective Lenders and the respective Issuing Lenders and amounts payable under
Sections 2.17, 2.18 and 2.19), any Qualified Counterparties, and to any Bank Services Providers (in their respective
capacities as providers of Bank Services and FX Contracts), in each case, ratably among them in proportion to the respective amounts described
in this clause Second payable to them;

 

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Third, to payment of
that portion of the Obligations constituting accrued and unpaid Letter of Credit Fees and interest in respect of any Bank Services and
FX Contracts and on the Loans and L/C Disbursements which have not yet been converted into Revolving Loans, and to payment of premiums
and other fees (including any interest thereon) under any Specified Swap Agreements and any Bank Services Agreements and FX Contracts,
in each case, ratably among the Lenders, the Issuing Lenders, any Bank Services Providers (in their respective capacities as providers
of Bank Services and FX Contracts), and any Qualified Counterparties, in each case, ratably among them in proportion to the respective
amounts described in this clause Third payable to them;

 

Fourth, to payment of
that portion of the Obligations constituting unpaid principal of the Loans, L/C Disbursements which have not yet been converted into Revolving
Loans, and settlement amounts, payment amounts and other termination payment obligations under any Specified Swap Agreements and Bank
Services Agreements and FX Contracts, in each case, ratably among the Lenders, the Issuing Lenders, any Bank Services Providers (in their
respective capacities as providers of Bank Services and FX Contracts), and any applicable Qualified Counterparties, in each case, ratably
among them in proportion to the respective amounts described in this clause Fourth and payable to them;

 

Fifth, to the Administrative
Agent for the account of the Issuing Lenders, to Cash Collateralize that portion of the L/C Exposure comprised of the aggregate undrawn
amount of Letters of Credit pursuant to Section 3.10;

 

Sixth, if so elected
by any Bank Services Provider, to the Administrative Agent for the account of such Bank Services Providers, to Cash Collateralize then
outstanding Obligations arising in connection with Bank Services and FX Contracts;

 

Seventh, to the payment
of all other Obligations of the Loan Parties that are then due and payable to the Administrative Agent and the other Secured Parties on
such date (including any such other Obligations arising in connection with any Bank Services and FX Contracts), in each case, ratably
among them in proportion to the respective aggregate amounts of all such Obligations described in this clause Seventh and payable
to them;

 

Eighth, for the account
of any applicable Qualified Counterparty, to Cash Collateralize Obligations arising under any then outstanding Specified Swap Agreements,
in each case, ratably among them in proportion to the respective amounts described in this clause Eighth payable to them; and

 

Last, the balance, if
any, after all of the Obligations have been indefeasibly paid in full (excluding, for this purpose, any Obligations which have been Cash
Collateralized in accordance with the terms hereof), to the Borrower or as otherwise required by Law.

 

Subject to Sections 2.22(a),
3.4, 3.5 and 3.10, amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant
to clause Fifth above shall be applied to satisfy drawings under such Letters of Credit as they occur. If any amount remains on deposit
as Cash Collateral for Letters of Credit after all Letters of Credit have either been fully drawn or expired, such remaining amount shall
be applied to the other Obligations, if any, in the order set forth above.

 

Notwithstanding the foregoing,
no Excluded Swap Obligation of any Guarantor shall be paid with amounts received from such Guarantor or from any Collateral in which such
Guarantor has granted to the Administrative Agent a Lien (for the ratable benefit of the Secured Parties) pursuant to the Guarantee and
Collateral Agreement; provided, however, that each party to this Agreement hereby acknowledges and agrees that appropriate
adjustments shall be made by the Administrative Agent (which adjustments shall be controlling in the absence of manifest error) with respect
to payments received from other Loan Parties in order to preserve the allocation of such payments to the satisfaction of the Obligations
in the order otherwise contemplated in this Section 8.3.

 

8.4                Borrower’s
Right to Cure (a)      Notwithstanding anything to the contrary
otherwise contained in this Section 8, in the event of any Financial Covenant Event of Default and upon the receipt of a
Specified Equity Contribution (the “Cure Amount”) within the time period specified, and subject to the
satisfaction of the other conditions with respect to Specified Equity Contribution set forth in the definition thereof, Consolidated
EBITDA shall be increased with respect to such applicable fiscal quarter and any four fiscal quarter period that contains such
fiscal quarter by the amount of such Specified Equity Contribution solely for the purpose of measuring compliance with Section
7.1(b). If, after giving effect to the foregoing pro forma adjustment (without giving effect to any repayment of any
Indebtedness with any portion of the Cure Amount or any portion of the Cure Amount on the balance sheet of the Borrower with respect
to such fiscal quarter only (except, for each fiscal quarter other than the fiscal quarter in respect of which such Specified Equity
Contribution is made, to the extent applied for the voluntary prepayment of Term Loans)), the Borrower shall then be in compliance
with the requirements of Section 7.1(b), it shall be deemed to have been in compliance therewith as of the relevant date of
determination with the same effect as though there had been no failure to comply therewith at such date, and the applicable breach
or default hereunder that had occurred shall be deemed cured for the purposes of this Agreement.

 

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(b)            
 The parties hereby acknowledge that notwithstanding any other provision in this Agreement to the contrary, (i) the Cure
Amount received pursuant to the occurrence of any Specified Equity Contribution shall be disregarded for purposes of calculating Consolidated
EBITDA in any determination of any financial ratio-based conditions, pricing or basket under Section 7 (other than as applicable to Section
7.1(b)) and (ii) no Revolving Lender, Swingline Lender or Issuing Lender shall be required to make any extension of credit hereunder,
if a Financial Covenant Event of Default has occurred and is continuing during the 15 Business Day period during which a Specified Equity
Contribution may be made (as provided in the definition of Specified Equity Contribution), unless and until the Cure Amount is actually
received.

 

SECTION
9

THE ADMINISTRATIVE AGENT

 

9.1               
Appointment and Authority.

 

(a)                
Each of the Lenders hereby irrevocably appoints BMO to act on its behalf as the Administrative Agent hereunder and under the other
Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated
to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto.

 

(b)               
The provisions of Section 9 are solely for the benefit of the Administrative Agent, the Lenders and the Issuing Lenders,
and neither the Borrower nor any other Loan Party shall have rights as a third party beneficiary of any of such provisions (other than
provisions that are for the express benefit of the Borrower and the other Loan Parties, including Sections 9.9 and 9.10).
Notwithstanding any provision to the contrary elsewhere in this Agreement, the Administrative Agent shall not have any duties or responsibilities
to any Lender or any other Person, except those expressly set forth herein, or any fiduciary relationship with any Lender, and no implied
covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document
or otherwise exist against the Administrative Agent. It is understood and agreed that the use of the term “agent” herein or
in any other Loan Documents (or any other similar term) with reference to the Administrative Agent is not intended to connote any fiduciary
or other implied (or express) obligations arising under agency doctrine of any applicable law. Instead such term is used as a matter of
market custom, and is intended to create or reflect only an administrative relationship between contracting parties.

 

(c)                
The Administrative Agent shall also act as the collateral agent under the Loan Documents, and each of the Issuing Lenders and each
of the other Lenders (in their respective capacities as a Lender and, as applicable, Qualified Counterparty and Bank Services Provider)
hereby irrevocably (i) authorize the Administrative Agent to enter into all other Loan Documents, as applicable, including the Guarantee
and Collateral Agreement, any subordination agreements and any other Security Documents, and (ii) appoint and authorize the Administrative
Agent to act as the agent of the Secured Parties for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted
by any of the Loan Parties to secure any of the Obligations, together with such powers and discretion as are reasonably incidental thereto.
The Administrative Agent, as collateral agent and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent
pursuant to Section 9.2 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under
the Security Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent), shall be entitled
to the benefits of all provisions of this Section 9 and Section 10 (including Section 9.7, as though such co-agents,
sub-agents and attorneys-in-fact were the collateral agent under the Loan Documents) as if set forth in full herein with respect thereto.
Without limiting the generality of the foregoing, the Administrative Agent is further authorized on behalf of all the Lenders, without
the necessity of any notice to or further consent from the Lenders, from time to time to take any action, or permit the any co-agents,
sub-agents and attorneys-in-fact appointed by the Administrative Agent to take any action, with respect to any Collateral or the Loan
Documents which may be necessary to perfect and maintain perfected the Liens upon any Collateral granted pursuant to any Loan Document.

 

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9.2                Delegation
of Duties. The Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder or under
any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and
any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related
Parties. The exculpatory provisions of this Section shall apply to any such sub-agent and to the Related Parties of the
Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of
the Facilities provided for herein as well as activities as the Administrative Agent. The Administrative Agent shall not be
responsible for the negligence or misconduct of any sub-agents except to the extent that a court of competent jurisdiction
determines in a final and nonappealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in
the selection of such sub agents.

 

9.3               
Exculpatory Provisions. The Administrative Agent shall have no duties or obligations except those expressly set forth herein
and in the other Loan Documents, and its duties hereunder and thereunder shall be administrative in nature. Without limiting the generality
of the foregoing, the Administrative Agent shall not:

 

(a)                
be subject to any fiduciary or other implied duties, regardless of whether any Default or any Event of Default has occurred and
is continuing;

 

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

 

(c)                
except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and the Administrative Agent shall
not be liable for the failure to disclose, any information relating to the Borrower or any of its Affiliates that is communicated to or
obtained by any Person serving as the Administrative Agent or any of its Affiliates in any capacity.

 

The Administrative Agent shall
not be liable for any action taken or not taken by it (i) with the consent or at the request of the Required Lenders (or such other number
or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good faith shall be necessary, under
the circumstances as provided in Sections 8.2 and 10.1), or (ii) in the absence of its own gross negligence or willful misconduct
as determined by a court of competent jurisdiction by final and nonappealable judgment.

 

The Administrative Agent shall
not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection
with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or
thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms
or conditions set forth herein or therein or the occurrence of any Default or Event of Default, (iv) the validity, enforceability, effectiveness
or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document or (v) the satisfaction of any
condition set forth in Section 5.1, Section 5.2 or elsewhere herein, other than to confirm receipt of items expressly
required to be delivered to the Administrative Agent.

 

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9.4                Reliance
by Administrative Agent. The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying
upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message,
internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise
authenticated by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and
believed by it to have been made by the proper Person, and shall not incur any liability for relying thereon. In determining
compliance with any condition hereunder to the making of a Loan, or the issuance, extension, renewal or increase of a Letter of
Credit, that by its terms must be fulfilled to the satisfaction of a Lender, the Administrative Agent may presume that such
condition is satisfactory to such Lender unless the Administrative Agent shall have received notice to the contrary from such Lender
prior to the making of such Loan or the issuance of such Letter of Credit. The Administrative Agent may consult with legal counsel
(who may be counsel for any of the Loan Parties), independent accountants and other experts selected by it, and shall not be liable
for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts. The
Administrative Agent may deem and treat the payee of any Note as the owner thereof for all purposes unless a written notice of
assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent. The Administrative Agent shall be
fully justified in failing or refusing to take any action under this Agreement or any other Loan Document unless it shall first
receive such advice or concurrence of the Required Lenders (or such other number or percentage of Lenders as shall be provided for
herein or in the other Loan Documents) as it deems appropriate or it shall first be indemnified to its satisfaction by the Lenders
against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such action. The
Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement and the
other Loan Documents in accordance with a request of the Required Lenders (or such other number or percentage of Lenders as shall be
provided for herein or in the other Loan Documents), and such request and any action taken or failure to act pursuant thereto shall
be binding upon the Lenders and all future holders of the Loans.

 

9.5               
Notice of Default. The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Default
or Event of Default unless the Administrative Agent has received prompt notice in writing from any Lender or the Borrower referring to
this Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default.” In the
event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Lenders. The Administrative
Agent shall take such action with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders
(or, if so specified by this Agreement, all Lenders); provided that unless and until the Administrative Agent shall have received
such directions, the Administrative Agent may (but shall not be obligated to) take such action or refrain from taking such action with
respect to such Default or Event of Default as it shall deem advisable in the best interests of the Lenders.

 

9.6               
Non-Reliance on Administrative Agent and Other Lenders. Each Lender expressly acknowledges that neither the Administrative
Agent nor any of its officers, directors, employees, agents, attorneys in fact or affiliates has made any representations or warranties
to it and that no act by the Administrative Agent hereafter taken, including any review of the affairs of a Group Member or any Affiliate
of a Group Member, shall be deemed to constitute any representation or warranty by the Administrative Agent to any Lender. Each Lender
represents to the Administrative Agent that it has, independently and without reliance upon the Administrative Agent or any other Lender
or any of their Related Parties, and based on such documents and information as it has deemed appropriate, made its own appraisal of and
investigation into the business, operations, property, financial and other condition and creditworthiness of the Group Members and their
affiliates and made its own credit analysis and decision to make its Loans hereunder and enter into this Agreement. Each Lender also agrees
that it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties, and
based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals
and decisions in taking or not taking action under or based upon this Agreement, the other Loan Documents or any related agreement or
any document furnished hereunder or thereunder, and to make such investigation as it deems necessary to inform itself as to the business,
operations, property, financial and other condition and creditworthiness of the Group Members and their affiliates. Except for notices,
reports and other documents expressly required to be furnished to the Lenders by the Administrative Agent hereunder, the Administrative
Agent shall have no duty or responsibility to provide any Lender with any credit or other information concerning the business, operations,
property, condition (financial or otherwise), prospects or creditworthiness of any Group Member or any Affiliate of a Group Member that
may come into the possession of the Administrative Agent or any of its officers, directors, employees, agents, attorneys in fact or affiliates.

 

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9.7                Indemnification. Each
of the Lenders agrees to indemnify each of the Administrative Agent, the Issuing Lenders and the Swingline Lender and each of its
Related Parties in its capacity as such (to the extent not reimbursed by the Borrower or any other Loan Party pursuant to any Loan
Document and without limiting the obligation of the Borrower or any other Loan Party to do so) according to its Aggregate Exposure
Percentage in effect on the date on which indemnification is sought under this Section 9.7 (or, if indemnification is sought
after the date upon which the Commitments shall have terminated and the Loans shall have been paid in full, in accordance with its
Aggregate Exposure Percentage immediately prior to such date), from and against any and all liabilities, obligations, losses,
damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever that may at any time (whether
before or after the payment of the Loans) be imposed on, incurred by or asserted against the Administrative Agent or such other
Person in any way relating to or arising out of, the Commitments, this Agreement, any of the other Loan Documents or any documents
contemplated by or referred to herein or therein or the Transactions contemplated hereby or thereby or any action taken or omitted
by the Administrative Agent or such other Person under or in connection with any of the foregoing and any other amounts not
reimbursed by the Borrower or such other Loan Party; provided that no Lender shall be liable for the payment of any portion
of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements that are
found by a final and nonappealable decision of a court of competent jurisdiction to have resulted primarily from the Administrative
Agent’s or such other Person’s gross negligence or willful misconduct, and that with respect to such unpaid amounts owed
to any Issuing Lender or Swingline Lender solely in its capacity as such, only the Revolving Lenders shall be required to pay such
unpaid amounts, such payment to be made severally among them based on such Revolving Lenders’ Revolving Percentage (determined
as of the time that the applicable unreimbursed expense or indemnity payment is sought). The agreements in this Section shall
survive the payment of the Loans and all other amounts payable hereunder.

 

9.8               
Agent in Its Individual Capacity. The Person serving as the Administrative Agent hereunder shall have the same rights and powers
in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent and the term
“Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include
the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits
from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any
kind of business with the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder
and without any duty to account therefor to the Lenders.

 

9.9               
Successor Administrative Agent.

 

(a)                
The Administrative Agent may at any time give notice of its resignation to the Lenders and the Borrower. Upon receipt of any such
notice of resignation, the Required Lenders shall have the right, with the consent of the Borrower (not to be unreasonably withheld, conditioned
or delayed) unless a Default or Event of Default then exists, to appoint a successor, which shall be a bank with an office in the State
of New York, or an Affiliate of any such bank with an office in the State of New York. If no such successor shall have been so appointed
by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of
its resignation (or such earlier day as shall be agreed by the Required Lenders) (the “Resignation Effective Date”),
then the retiring Administrative Agent may (but shall not be obligated to), on behalf of the Lenders, appoint a successor Administrative
Agent meeting the qualifications set forth above; provided that in no event shall any such successor Administrative Agent be a
Defaulting Lender. 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 Administrative Agent is a Defaulting Lender pursuant to clause (d) of the definition thereof, the Required
Lenders may, to the extent permitted by applicable law, by notice in writing to the Borrower and such Person, remove such Person as Administrative
Agent (which right of removal shall be made in consultation with the Borrower unless a Default or an Event of Default then exists) and
appoint a successor. If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment
within 30 days (or such earlier day as shall be agreed by the Required Lenders) (the “Removal Effective Date”),
then such removal shall nonetheless become effective in accordance with such notice on the Removal Effective Date.

 

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(c)                 With
effect from the Resignation Effective Date or the Removal Effective Date (as applicable) (i) the retiring or removed Administrative
Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of
any collateral security held by the Administrative Agent on behalf of the Secured Parties under any of the Loan Documents, the
retiring or removed Administrative Agent shall continue to hold such collateral security until such time as a successor
Administrative Agent is appointed and such collateral security is assigned to such successor Administrative Agent) and (ii) except
for any indemnity payments owed to the retiring or removed Administrative Agent, all payments, communications and determinations
provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender directly, until such time,
if any, as the Required Lenders appoint a successor Administrative Agent as provided for above in this Section. Upon the acceptance
of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of
the rights, powers, privileges and duties of the retiring or removed Administrative Agent (other than any rights to indemnity
payments owed to the retiring or removed Administrative Agent), and the retiring or removed Administrative Agent shall be discharged
from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided
above in this Section). The fees payable by the Borrower to a successor Administrative Agent shall be the same as those payable to
its predecessor unless otherwise agreed between the Borrower and such successor. After the retiring or removed Administrative
Agent’s resignation or removal hereunder and under the other Loan Documents, the provisions of Section 9 and Section
10.5 shall continue in effect for the benefit of such retiring or removed Administrative Agent, its sub-agents and their
respective Related Parties in respect of any actions taken or omitted to be taken by any of them while the retiring or removed
Administrative Agent was acting as the Administrative Agent.

 

9.10            
Collateral and Guaranty Matters. The Lenders irrevocably authorize the Administrative Agent, at its option and in its discretion,

 

(a)                
to release any Lien on any Collateral or other property granted to or held by the Administrative Agent under any Loan Document
(i) upon the Discharge of Obligations, (ii) that is sold or otherwise disposed of or to be sold or otherwise disposed of as part of or
in connection with any sale or other disposition permitted hereunder or under any other Loan Document, or (iii) subject to Section
10.1, if approved, authorized or ratified in writing by the Required Lenders;

 

(b)               
to subordinate any Lien on any Collateral or other property granted to or held by the Administrative Agent under any Loan Document
to the holder of any Lien on such property that is permitted by Sections 7.3(g) and (i); and

 

(c)                
to release any Guarantor from its obligations under the Guarantee and Collateral Agreement if such Person either (i) ceases to
be a Subsidiary as a result of a transaction permitted under the Loan Documents, (ii) becomes an Immaterial Subsidiary or (iii) is a Foreign
Subsidiary or to release any Foreign Law Pledge Documents if the First Tier Foreign Subsidiary whose Equity Interests are being pledged
no longer contribute more than $1,500,000 in revenue.)

 

(d)               
Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s
authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations
under the Guaranty pursuant to this Section 9.10.

 

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

 

9.11            
Administrative Agent May File Proofs of Claim. In case of the pendency of any proceeding under any Debtor Relief Law or any
other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or Obligation
in respect of any Letter of Credit shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of
whether the Administrative Agent shall have made any demand on the Borrower) shall be entitled and empowered (but not obligated), by intervention
in such proceeding or otherwise:

 

(a)                
to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, Obligations
in respect of any Letter of Credit and all other Obligations that are owing and unpaid and to file such other documents as may be necessary
or advisable to have the claims of the Lenders and the Administrative Agent (including any claim for the reasonable compensation, expenses,
disbursements and advances of the Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due
the Lenders and the Administrative Agent under Sections 2.8 and 10.5) allowed in such judicial proceeding; and

 

(b)               
to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same; and
any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby
authorized by each Lender to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent
to the making of such payments directly to the Lenders, to pay to the Administrative Agent any amount due for the reasonable compensation,
expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative
Agent under Sections 2.8 and 10.5.

 

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Nothing contained herein shall
be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender any plan of reorganization,
arrangement, adjustment or composition affecting the Obligations or the rights of any Lender to authorize the Administrative Agent to
vote in respect of the claim of any Lender in any such proceeding.

 

9.12            
No Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the Lead Arrangers shall have any powers, duties
or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative
Agent, a Lender, an Issuing Lender or the Swingline Lender hereunder.

 

9.13            
 Survival. This Section 9 shall survive the Discharge of Obligations.

 

9.14            
Acknowledgements of Lenders.

 

(a)                
Each Lender hereby agrees that (x) if the Administrative Agent notifies such Lender that the Administrative Agent has determined
in its sole discretion that any funds received by such Lender from the Administrative Agent or any of its Affiliates (whether as a payment,
prepayment or repayment of principal, interest, fees or otherwise; individually and collectively, an “Erroneous Payment”)
were erroneously transmitted to such Lender (whether or not known to such Lender), and demands the return of such Erroneous Payment (or
a portion thereof), such Lender shall promptly, but in no event later than one Business Day thereafter, return to the Administrative Agent
the amount of any such Erroneous Payment (or portion thereof) as to which such a demand was made in same day funds, together with interest
thereon in respect of each day from and including the date such Erroneous Payment (or portion thereof) was received by such Lender to
the date such amount is repaid to the Administrative Agent at the Prime Rate from time to time in effect, and (y) to the extent permitted
by applicable law, such Lender shall not assert, and hereby waives, as to the Administrative Agent, any claim, counterclaim, defense or
right of set-off or recoupment with respect to any demand, claim or counterclaim by the Administrative Agent for the return of any Erroneous
Payments received, including without limitation any defense based on “discharge for value” or any similar doctrine. A notice
of the Administrative Agent to any Lender under this Section 9.14 shall be conclusive, absent manifest error.

 

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

 

(c)                
In the event an Erroneous Payment (or portion thereof) is not recovered by the Administrative Agent for any reason, after demand
therefor by the Administrative Agent in accordance with immediately preceding clauses (a) and (b), from any Lender that has received
such Erroneous Payment (or portion thereof) (or from any payment recipient who received such Erroneous Payment (or portion thereof) on
its respective behalf) (such unrecovered amount, an “Erroneous Payment Return Deficiency”), upon the Administrative
Agent's request to such Lender at any time, (i) such Lender shall be deemed to have assigned its Loans (but not its Commitments) of the
relevant Tranche with respect to which such Erroneous Payment was made (the “Erroneous Payment Impacted Class”) in
an amount equal to the Erroneous Payment Return Deficiency (such assignment of the Loans (but not Commitments) of the Erroneous Payment
Impacted Class, the “Erroneous Payment Deficiency Assignment”) at par plus any accrued and unpaid interest
(with the assignment fee to be waived by the Administrative Agent in such instance), and is hereby (together with any Borrower) deemed
to execute and deliver an Assignment and Acceptance (or, to the extent applicable, an agreement incorporating an Assignment and Acceptance
by reference pursuant to an electronic platform approved by the Administrative Agent as to which the Administrative Agent and such parties
are participants) with respect to such Erroneous Payment Deficiency Assignment, and such Lender shall deliver any Notes evidencing such
Loans to the Borrower or the Administrative Agent, (ii) the Administrative Agent as the assignee Lender shall be deemed to acquire the
Erroneous Payment Deficiency Assignment and (iii) upon such deemed acquisition, the Administrative Agent as the assignee Lender shall
become a Lender, as applicable, hereunder with respect to such Erroneous Payment Deficiency Assignment and the assigning Lender shall
cease to be a Lender hereunder with respect to such Erroneous Payment Deficiency Assignment, excluding, for the avoidance of doubt, its
obligations under the indemnification provisions of this Agreement and its applicable Commitments which shall survive as to such assigning
Lender. For the avoidance of doubt, no Erroneous Payment Deficiency Assignment will reduce the Commitments of any Lender and such Commitments
shall remain available in accordance with the terms of this Agreement.

 

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(d)               
The parties hereto agree that an Erroneous Payment shall not, in and of itself, be deemed to pay, prepay, repay, discharge or otherwise
satisfy any Obligations owed by any Borrower or any other Loan Party, except, in each case, to the extent such erroneous Payment is, and
solely with respect to the amount of such erroneous Payment that is, comprised of funds received by the Administrative Agent from any
Borrower or any other Loan Party for the purpose of paying, prepaying, repaying, discharging or otherwise satisfying any Obligations owed
by any Borrower or any other Loan Party.

 

(e)                
Notwithstanding anything to the contrary herein or in any other Loan Document, this Section 9.14 will not create any additional
Obligations of the Loan Parties' under the Loan Documents or otherwise increase or alter such Obligations (other than having consented
to the assignment referenced in Section 9.14(c)).

 

(f)                 
Each party's obligations under this Section 9.14 shall survive the resignation or replacement of the Administrative Agent
or any transfer of rights or obligations by, or the replacement of, a Lender, the termination of the Commitments or the repayment, satisfaction
or discharge of all Obligations under any Loan Document.

 

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SECTION
10

MISCELLANEOUS

 

10.1            
Amendments and Waivers.

 

(a)                
Neither this Agreement, nor any other Loan Document (other than any L/C Related Document, Fee Letter, or Bank Services Agreement),
nor any terms hereof or thereof may be amended, supplemented or modified except in accordance with the provisions of this Section 10.1.
The Required Lenders and each Loan Party party to the relevant Loan Document may, or, with the written consent of the Required Lenders,
the Administrative Agent and each Loan Party party to the relevant Loan Document may, from time to time, (i) enter into written amendments,
supplements or modifications hereto and to the other Loan Documents for the purpose of adding any provisions to this Agreement or the
other Loan Documents or changing in any manner the rights of the Lenders or of the Loan Parties hereunder or thereunder or (ii) waive,
on such terms and conditions as the Required Lenders or the Administrative Agent, as the case may be, may specify in such instrument,
any of the requirements of this Agreement or the other Loan Documents or any Default or Event of Default and its consequences; provided
that no such waiver and no such amendment, supplement or modification shall (A) forgive the principal amount or extend the final
scheduled date of maturity of any Loan, extend the scheduled date of any amortization payment in respect of any Term Loan, reduce the
stated rate of any interest or fee payable hereunder (except that any amendment or modification of defined terms used in the financial
covenant in this Agreement shall not constitute a reduction in the rate of interest or fees for purposes of this clause (A)) or extend
the scheduled date of any payment thereof, or increase the amount or extend the expiration date of any Lender’s Revolving Commitment
or Term Commitment, in each case without the written consent of each Lender directly affected thereby; (B) eliminate or reduce the voting
rights of any Lender under this Section 10.1 without the written consent of such Lender; (C) reduce any percentage specified in
the definition of Required Lenders, consent to the assignment or transfer by the Borrower of any of its rights and obligations under
this Agreement and the other Loan Documents, release all or substantially all of the Collateral or release all or substantially all of
the Guarantors from their obligations under the Guarantee and Collateral Agreement, subordinate all or substantially all of the Obligations
or subordinate all or substantially all the Liens of the Administrative Agent and Lenders in the Collateral, in each case without the
written consent of all Lenders; (D) (1) amend, modify or waive the pro rata requirements of Section 2.16 or any other provision
of the Loan Documents (including Section 8.3) requiring pro rata treatment of payments to the Lenders in a manner that adversely
affects Revolving Lenders without the written consent of each Revolving Lender or (2) amend, modify or waive the pro rata requirements
of Section 2.16 or any other provision of the Loan Documents (including Section 8.3) requiring pro rata treatment of payments
to the Lenders in a manner that adversely affects Term Lenders or the L/C Lenders without the written consent of each Term Lender and/or,
as applicable, each L/C Lender; (E) amend, modify or waive any provision of Section 9 without the written consent of the Administrative
Agent; (F) amend, modify or waive any provision of Section 2.6 or 2.7 without the written consent of the Swingline Lender;
(G) amend, modify or waive any provision of Section 3 without the written consent of each Issuing Lender; (H) amend or modify
the application of payments provisions set forth in Section 8.3 or the definitions set forth in Section 1.1 that directly
affect swap security or ratable treatment in a manner that adversely affects any Issuing Lender or any Qualified Counterparty, as applicable,
without the written consent of each such Issuing Lender or each such Qualified Counterparty, as applicable; (I) add any Alternative Currencies
in addition to those specified herein without the written consent of all Revolving Lenders; (J) contractually subordinate the Obligations
hereunder, or the Liens granted hereunder or under the other Loan Documents, to any other Indebtedness or Lien on any of the Collateral,
as the case may be, without the consent of all Lenders, except (i) Indebtedness that is expressly permitted by this Agreement as in effect
as of the Closing Date to be senior to the Obligations and/or be secured by a Lien that is senior to the Lien securing the Obligations
or (ii) any “debtor in-possession” facility; (K) (1) amend or otherwise modify Section 7.1(b) (including to add, amend
or otherwise modify representations, warranties, covenants or other terms and conditions or to add, amend or otherwise modify defined
terms solely to the extent applicable thereto); (2) waive any Financial Covenant Event of Default, (3) amend, add or otherwise modify
representations, warranties, covenants or other terms and conditions or to amend or add defined terms solely to the extent applicable
thereto, in each case solely for the benefit of the Revolving Commitments, (4) amend or otherwise modify Section 9.4 or the definition
of “Specified Equity Contribution” or (5) waive or consent to any Default or Event of Default relating solely to the Revolving
Loans and Revolving Commitments (including Defaults and Events of Default relating to the foregoing clauses (1) through (4)), in each
case without the written consent of the Required Revolving Lenders; provided, however, that the amendments, supplements, modifications,
waivers and consents described in this clause (K) shall not require the consent of any Lenders other than the Required Revolving Lenders;
or (L) reduce the percentage specified in the definition of “Required Revolving Lenders” without the written consent of all
the Revolving Lenders.. Any such waiver and any such amendment, supplement or modification shall apply equally to each of the Lenders
and shall be binding upon the Loan Parties, the Lenders, the Administrative Agent, the Issuing Lenders, each Qualified Counterparty,
and all future holders of the Loans. In the case of any waiver, the Loan Parties, the Lenders and the Administrative Agent shall be restored
to their former position and rights hereunder and under the other Loan Documents, and any Default or Event of Default waived shall be
deemed to be cured during the period such waiver is effective; but no such waiver shall extend to any subsequent or other Default or
Event of Default, or impair any right consequent thereon. Notwithstanding the foregoing, any Issuing Lender may amend any of the L/C
Documents of such Issuing Lender without the consent of the Administrative Agent or any other Lender.

 

(b)               
Notwithstanding anything to the contrary contained in Section 10.1(a) above, in the event that the Borrower or any other
Loan Party, as applicable, requests that this Agreement or any of the other Loan Documents, as applicable, be amended or otherwise modified
in a manner which would require the consent of all of the Lenders or, as applicable, all affected Lenders, and such amendment or other
modification is agreed to by the Borrower and/or such other Loan Party, as applicable, the Required Lenders and the Administrative Agent,
then, with the consent of the Borrower and/or such other Loan Party, as applicable, the Administrative Agent and the Required Lenders,
this Agreement or such other Loan Document, as applicable, may be amended without the consent of the Lender or Lenders who are unwilling
to agree to such amendment or other modification (each, a “Minority Lender”), to provide for:

 

(i)                 
the termination of the Commitments of each such Minority Lender;

 

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(ii)               
 the assumption of the Loans and Commitments of each such Minority Lender by one or more Replacement Lenders pursuant to the provisions
of Section 2.21; and

 

(iii)             
the payment of all interest, fees and other obligations payable or accrued in favor of each Minority Lender and such other modifications
to this Agreement or to such Loan Documents as the Borrower, the Administrative Agent and the Required Lenders may determine to be appropriate
in connection therewith.

 

(c)                
Notwithstanding any provision herein to the contrary but subject to the proviso in Section 10.1(a), this Agreement may be
amended (or amended and restated) with the written consent of the Required Lenders, the Administrative Agent, and the Borrower, (i) to
add one or more additional credit or term loan facilities to this Agreement and to permit all such additional extensions of credit and
all related obligations and liabilities arising in connection therewith and from time to time outstanding thereunder to share ratably
(or on a basis subordinated to the existing facilities hereunder) in the benefits of this Agreement and the other Loan Documents with
the obligations and liabilities from time to time outstanding in respect of the existing facilities hereunder, and (ii) in connection
with the foregoing, to permit, as deemed appropriate by the Administrative Agent and approved by the Required Lenders, the Lenders providing
such additional credit facilities to participate in any required vote or action required to be approved by the Required Lenders.

 

(d)               
Notwithstanding any provision herein to the contrary, any Bank Services Agreement or FX Contract may be amended or otherwise modified
by the parties thereto in accordance with the terms thereof without the consent of the Administrative Agent or any Lender.

 

10.2            
Notices.

 

(a)                
All notices, requests and demands to or upon the respective parties hereto to be effective shall be in writing (including by facsimile
or electronic mail), and, unless otherwise expressly provided herein, shall be deemed to have been duly given or made when delivered,
or three Business Days after being deposited in the mail, postage prepaid, or, in the case of facsimile or electronic mail notice, when
received, addressed as follows in the case of the Borrower and the Administrative Agent, and as set forth in an administrative questionnaire
delivered to the Administrative Agent in the case of the Lenders, or to such other address as may be hereafter notified by the respective
parties hereto:

 

	Any Loan Party:	
    Digi International Inc.

    9350 Excelsior Boulevard, Suite 700

    Hopkins, Minnesota 55343-3444

    Attention: Jamie Loch, Chief Financial Officer

    Facsimile No.: (952) 912-4941

    Telephone No.: (952) 912-3737

    E-Mail: Jamie.Loch@digi.com

    Website URL: www.digi.com

     

    with a copy to:

     

    Faegre Drinker Biddle & Reath LLP

    2200 Wells Fargo Center

    90 South Seventh Street

    Minneapolis, Minnesota 55402

    Attention: Nicole J. Leimer

    Telephone No.: 612-766-7239

    Facsimile No.: 612-766-1600

    E-Mail: Nicole.Leimer@faegredrinker.com

     

 

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	Administrative Agent:	
    BMO Harris Bank N.A.

    50 South Sixth Street

    Suite 1000

    Minneapolis, Minnesota 55402

    Attention: Philip Sanfilippo

    Facsimile No.: 612-904-8011

    Telephone No.: 612-904-8922

    E-Mail: philip.sanfilippo@bmo.com

     

    with a copy to:

     

    Kramer Levin Naftalis & Frankel LLP

    1177 Avenue of the Americas

    New York, NY 10036

    Attention: Richard E. Farley

    Telephone No.: (212) 715-9106

    Facsimile No.: (212) 715-8106

    E-Mail: RFarley@kramerlevin.com

     

 

provided that any notice,
request or demand to or upon the Administrative Agent or the Lenders shall not be effective until received.

 

(b)               
Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communications (including
email and Internet or intranet websites) pursuant to procedures approved by the Administrative Agent; provided that the foregoing
shall not apply to notices to any Lender pursuant to Section 2 unless otherwise agreed by the Administrative Agent and the applicable
Lender. The Administrative Agent or the Loan Parties may, in their discretion, agree to accept notices and other communications to it
hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be
limited to particular notices or communications. Unless the Administrative Agent otherwise prescribes, (a) notices and other communications
sent to an email address shall be deemed received upon the sender’s receipt of an acknowledgment from the intended recipient (such
as by the “return receipt requested” function, as available, return email or other written acknowledgment); and (b) notices
or communications posted to an Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient
at its email address as described in the foregoing clause (a) of notification that such notice or communication is available and identifying
the website address therefor; provided that, for both clauses (a) and (b) above, if such notice or other communication is not sent
during the normal business hours of the recipient, such notice, email or communication shall be deemed to have been sent at the opening
of business on the next Business Day for the recipient.

 

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

 

(d)               
(i)             Each Loan Party agrees that the Administrative Agent and/or the Lead Arrangers may, but shall not be obligated to, make
the Communications (as defined below) available to the Issuing Lenders 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) and the Lead
Arrangers 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
or any Lead Arranger in connection with the Communications or the Platform. In no event shall the Administrative Agent or any of its
Related Parties (collectively, the “Agent Parties”) or any Lead Arranger have any liability to the Borrower
or the other Loan Parties, 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 the
Borrower’s, any Loan Party’s or the Administrative Agent’s transmission of communications through the Platform. “Communications”
means, collectively, any notice, demand, communication, information, document or other material provided by or on behalf of any Loan
Party pursuant to any Loan Document or the Transactions contemplated therein which is distributed to the Administrative Agent, any Lender
or any Issuing Lender by means of electronic communications pursuant to this Section, including through the Platform.

 

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10.3            
No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of the Administrative Agent
or any Lender, any right, remedy, power or privilege hereunder or under the other Loan Documents shall operate as a waiver thereof; nor
shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof
or the exercise of any other right, remedy, power or privilege. The rights, remedies, powers and privileges herein provided are cumulative
and not exclusive of any rights, remedies, powers and privileges provided by law.

 

10.4            
Survival of Representations and Warranties. All representations and warranties made hereunder, in the other Loan Documents
and in any document, certificate or statement delivered pursuant hereto or in connection herewith shall survive the execution and delivery
of this Agreement and the making of the Loans and other extensions of credit hereunder.

 

10.5            
Expenses; Indemnity; Damage Waiver.

 

(a)                
Costs and Expenses. Each Loan Party shall pay (i) all reasonable documented out-of-pocket expenses incurred by the Administrative
Agent and its Affiliates (including the reasonable invoiced fees, charges and disbursements of counsel for the Administrative Agent),
in connection with the syndication of the Facilities (including the syndication of the Facilities contemplated by this Agreement), the
preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan Documents, or any amendments, amendments
and restatements, modifications or waivers of the provisions hereof or thereof (whether or not the Transactions contemplated hereby or
thereby shall be consummated); (ii) all reasonable documented out-of-pocket expenses incurred by the Issuing Lenders in connection with
the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder, and (iii) all documented out-of-pocket
expenses incurred by the Administrative Agent or any Lender (including the fees, charges and disbursements of any counsel for the Administrative
Agent or any Lender), in connection with the enforcement or protection of its rights (a) in connection with this Agreement and the other
Loan Documents, including its rights under this Section, or (b) in connection with the Loans made or Letters of Credit issued or participated
in hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such
Loans or Letters of Credit.

 

(b)               
Indemnification by the Loan Parties. Upon written demand (together with reasonable back up documentation) each Loan Party
shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender (including each Issuing Lender), and each Related Party
of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee
harmless from, any and all actual losses, claims, damages, liabilities and related expenses (including the fees, charges and disbursements
of counsel for any Indemnitee (but limited to the fee, charges and disbursements of one firm as counsel to all Indemnitees taken as a
whole and, if reasonably necessary, a single firm local counsel firm for all Indemnitees taken as a whole in each relevant jurisdiction
(which may be a single local counsel firm acting in multiple material jurisdictions), if reasonably necessary, a single regulatory firm
as counsel, and solely in the case of an actual or perceived conflict of interest where the Indemnitee affected by such conflict of interest
informs the Borrower in writing of such conflict of interest and thereafter retains its own firm as counsel, one additional firm as counsel
in each relevant jurisdiction and one regulatory firm as counsel to each group of affected Indemnitees taken as a whole, in each case,
except allocated costs of in-house counsel), incurred by any Indemnitee or asserted against any Indemnitee by any Person (including the
Borrower or any other Loan Party) other than such Indemnitee and its Related Parties arising out of, in connection with, or as a result
of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby,
the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the Transactions
contemplated hereby or thereby, (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any
refusal by any Issuing Lender to honor a demand for payment under a Letter of Credit if the documents presented in connection with such
demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Materials
of Environmental Concern on or from any property owned or operated by the Borrower or any of its Subsidiaries, or any Environmental Liability
related in any way to any Loan Parties or any of their respective Subsidiaries, or (iv) any actual or prospective claim, litigation,
investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by
a third party or by the Borrower or any other Loan Party, and regardless of whether any Indemnitee is a party thereto; provided
that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related
expenses (w) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the bad faith,
gross negligence or willful misconduct of such Indemnitee, (x) result from a claim brought by the Borrower or any other Loan Party against
an Indemnitee for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if the Borrower
or such Loan Party has obtained a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction,
or (y) arising from any dispute solely among Indemnitees or any of their respective Affiliates other than any claims against an Indemnitee
in its capacity or in fulfilling its role as the Administrative Agent, a Lead Arranger, a Lender, an Issuing Lender, or a similar role
under the Facilities and other than any claims arising out of any act or omission of any Loan Party or any of its Affiliates. This Section 10.5(b)
shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax
claim.

 

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(c)                
Reimbursement by Lenders. To the extent that the Borrower (or any other Loan Party pursuant to this Agreement or any other
Loan Document) for any reason fails indefeasibly to pay any amount required under paragraph (a) or (b) of this Section to be paid by it
to the Administrative Agent (or any sub-agent thereof), the Issuing Lenders, the Swingline Lender or any Related Party of any of the foregoing,
each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent), the Issuing Lenders, the Swingline Lender or
such Related Party, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed
expense or indemnity payment is sought based on each Lender’s share of the Total Credit Exposure at such time) of such unpaid amount
(including any such unpaid amount in respect of a claim asserted by such Lender); provided that with respect to such unpaid amounts
owed to any Issuing Lender or the Swingline Lender solely in its capacity as such, only the Revolving Lenders shall be required to pay
such unpaid amounts, such payment to be made severally among them based on such Revolving Lenders’ Revolving Percentage (determined
as of the time that the applicable unreimbursed expense or indemnity payment is sought); and provided further, that the unreimbursed
expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the
Administrative Agent (or any such sub-agent), any Issuing Lender or the Swingline Lender in its capacity as such, or against any Related
Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent), any Issuing Lender or the Swingline Lender
in connection with such capacity. The obligations of the Lenders under this paragraph (c) are subject to the provisions of Sections
2.1, 2.4 and 2.18(e).

 

(d)               
Waiver of Consequential Damages, Etc. To the fullest extent permitted by applicable law, no Loan Party shall assert, and
hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages
(as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document
or any agreement or instrument contemplated hereby, the Transactions contemplated hereby or thereby, any Loan or Letter of Credit, or
the use of the proceeds thereof. No Indemnitee referred to in paragraph (b) above shall be liable for any damages arising from the use
by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information
transmission systems in connection with this Agreement or the other Loan Documents or the Transactions contemplated hereby or thereby.

 

(e)                
Payments. All amounts due under this Section shall be payable promptly after demand therefor.

 

(f)                 
Survival. Each party’s obligations under this Section shall survive the resignation of the Administrative Agent, the
resignation of any Issuing Lender, the resignation of the Swingline Lender, the replacement of any Lender, the termination of the Loan
Documents, the termination of the Commitments and the Discharge of Obligations.

 

10.6            
Successors and Assigns; Participations and Assignments.

 

(a)                
Successors and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the benefit of the
parties hereto and their respective successors and assigns permitted hereby (which for purposes of this Section 10.6 shall include
any Bank Services Provider), except that no Loan Party may assign or otherwise transfer any of its rights or obligations hereunder without
the prior written consent of the Administrative Agent and each Lender, and no Lender may assign or otherwise transfer any of its rights
or obligations hereunder except (i) to an assignee in accordance with the provisions of paragraph (b) of this Section, (ii) by way of
participation in accordance with the provisions of paragraph (d) of this Section, or (iii) by way of pledge or assignment of a security
interest subject to the restrictions of paragraph (f) of this Section (and any other attempted assignment or transfer by any party hereto
shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the
parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in paragraph (d) of this
Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent and the Lenders) any
legal or equitable right, remedy or claim under or by reason of this Agreement.

 

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

 

(i)                 
Minimum Amounts.

 

(A)              
in the case of an assignment of the entire remaining amount of the assigning Lender’s Commitments and/or the Loans at the
time owing to it (in each case with respect to any Facility) or contemporaneous assignments to related Approved Funds (determined after
giving effect to such assignments) that equal at least the amount specified in paragraph (b)(i)(B) of this Section in the aggregate or
in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and

 

(B)              
in any case not described in paragraph (b)(i)(A) of this Section, the aggregate amount of the Commitments (which for this purpose
includes Loans outstanding thereunder) or, if the applicable Commitments are not then in effect, the principal outstanding balance of
the Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect
to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment
and Assumption, as of the Trade Date) shall not be less than $5,000,000, in the case of any assignment in respect of the Revolving Facility,
or $1,000,000, in the case of any assignment in respect of the Term Facility, unless each of the Administrative Agent and, so long as
no Default or Event of Default has occurred and is continuing, the Borrower otherwise consents (each such consent not to be unreasonably
withheld or delayed).

 

(ii)               
Proportionate Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all the assigning
Lender’s rights and obligations under this Agreement with respect to the Loans and/or the Commitments 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.

 

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

 

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

 

(B)              
the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required for assignments
in respect of (i) the Revolving Facility or any unfunded Commitments with respect to the Term Facility if such assignment is to a Person
that is not a Lender with a Commitment in respect of such Facility, an Affiliate of such Lender or an Approved Fund with respect to such
Lender, or (ii) any Term Loans to a Person who is not a Lender, an Affiliate of a Lender or an Approved Fund; and

 

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

 

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(iv)              
 Assignment and Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment
and Assumption, together with a processing and recordation fee of $3,500; provided that the Administrative Agent may, in its reasonable
discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee, if it is not a Lender, shall
deliver to the Administrative Agent any such administrative questionnaire as the Administrative Agent may request.

 

(v)               
No Assignment to Certain Persons. No such assignment shall be made to (A) a Loan Party or any of a Loan Party’s Affiliates
or Subsidiaries or (B) any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute
a Defaulting Lender or a Subsidiary thereof.

 

(vi)              
No Assignment to Natural Persons. No such assignment shall be made to a natural Person (or a holding company, investment
vehicle or trust for, or owned and operated for the primary benefit of, a natural Person).

 

(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 Administrative Agent in an aggregate amount sufficient, upon distribution thereof
as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating
actions, including funding, with the consent of the Borrower and the Administrative Agent, the applicable pro rata share of Loans previously
requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent),
to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent, the Issuing Lenders,
the Swingline Lender and each other Lender hereunder (and interest accrued thereon), and (y) acquire (and fund as appropriate) its full
pro rata share of all Loans and participations in Letters of Credit and Swingline Loans in accordance with its Revolving Percentage. Notwithstanding
the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under
applicable law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting
Lender for all purposes of this Agreement until such compliance occurs.

 

Subject to acceptance and
recording thereof by the Administrative Agent pursuant to paragraph (c) of this Section, from and after the effective date specified in
each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned
by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder
shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement
(and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement,
such Lender shall cease to be a party hereto) but shall continue to be entitled to the benefits and subject to the obligations of Sections
2.17, 2.18, 2.19 and 10.5 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 paragraph (d) of this Section.

 

(c)                
Register. The Administrative Agent, acting solely for this purpose as an agent of the Borrower, shall maintain at one of
its offices in New York a copy of each Assignment and Assumption delivered to 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 Loans owing to, each Lender pursuant to the
terms hereof from time to time (the “Register”). The entries in the Register shall be conclusive absent manifest
error, and the Borrower, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant
to the terms hereof as a Lender hereunder for all purposes of this Agreement. The Register shall be available for inspection by the Borrower
and any Lender, at any reasonable time and from time to time upon reasonable prior notice.

 

(d)               
Participations. Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent,
sell participations to any Person (other than a natural Person, or a holding company, investment vehicle or trust for, or owned and operated
for the primary benefit of, a natural Person, or any Loan Party or any of any Loan Party’s Affiliates or Subsidiaries) (each, a
“Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including
all or a portion of its Commitments and/or the Loans owing to it); provided that (i) such Lender’s obligations under this
Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of
such obligations, and (iii) the Borrower, the Administrative Agent, the Issuing Lenders 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. For the avoidance
of doubt, each Lender shall be responsible for the indemnities under Sections 2.18(e) and 9.7 with respect to any payments
made by such Lender to its Participant(s).

 

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Any agreement or instrument
pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement
and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument
may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver which affects
such Participant and for which the consent of such Lender is required (as described in Section 10.1). The Borrower agrees that
each Participant shall be entitled to the benefits of Sections 2.17, 2.18 and 2.19 (subject to the requirements and
limitations therein, including the requirements under Section 2.18(f) (it being understood that the documentation required under
Section 2.18(f) shall be delivered by such Participant to the Lender granting the participation)) to the same extent as if it were
a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section; provided that such Participant
(A) agrees to be subject to the provisions of Section 2.21 as if it were an assignee under paragraph (b) of this Section; and (B)
shall not be entitled to receive any greater payment under Sections 2.17 or 2.18, with respect to any participation, than
its participating Lender would have been entitled to receive, except to the extent such entitlement to receive a greater payment results
from a change in any Requirement of Law that occurs after the Participant acquired the applicable participation. Each Lender that sells
a participation agrees, at the Borrower’s request and expense, to use reasonable efforts to cooperate with the Borrower to effectuate
the provisions of Section 2.21 with respect to any Participant. To the extent permitted by law, each Participant also shall be
entitled to the benefits of Section 10.7 as though it were a Lender; provided that such Participant agrees to be subject
to Section 2.16(k) as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as
a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal
amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant
Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register
(including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters
of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish
that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States
Treasury Regulations and proposed Section 1.163-5(b) of the United States Treasury Regulations (or any amended or successor version).
The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name
is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice
to the contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility
for maintaining a Participant Register.

 

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

 

(f)                 
Notes. The Borrower, upon receipt by the Borrower of written notice from the relevant Lender, agrees to issue Notes to any
Lender requiring Notes to facilitate transactions of the type described in Section 10.6.

 

(g)               
Representations and Warranties of Lenders. Each Lender, upon execution and delivery hereof or upon succeeding to an interest
in the Commitments or Loans, as the case may be, represents and warrants as of the Closing Date or as of the effective date of the applicable
Assignment and Assumption that (i) it is an Eligible Assignee; (ii) it has experience and expertise in the making of or investing in
commitments, loans or investments such as the Commitments and Loans; and (iii) it will make or invest in its Commitments and Loans for
its own account in the ordinary course of its business and without a view to distribution of such Commitments and Loans within the meaning
of the Securities Act or the Exchange Act, or other federal securities laws (it being understood that, subject to the provisions of this
Section 10.6, the disposition of such Commitments and Loans or any interests therein shall at all times remain within its exclusive
control).

 

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(h)               
ERISA Provisions. Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to,
and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto,
for the benefit of, the Administrative Agent, the Lead Arrangers and their respective Affiliates, that at least one of the following is
and will be true:

 

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

 

B.       the
prohibited transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined
by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company
general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38
(a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain
transactions determined by in-house asset managers), is applicable so as to exempt from the prohibitions of Section 406 of ERISA and Section
4975 of the Code such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit,
the Commitments and this Agreement,

 

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

 

D.       such
other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, the Borrower and such Lender.

 

(i)                 
No Fiduciary Capacity as to Plan Assets. In addition, unless either (1) sub-clause (A) in the immediately preceding
clause (h) is true with respect to a Lender or (2) such Lender has provided another representation, warranty and covenant as provided
in sub-clause (iv) in the immediately preceding clause (h), such Lender further (x) represents and warrants, as of the date such Person
became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases
being a Lender party hereto, for the benefit of, the Administrative Agent, the Lead Arrangers and their respective Affiliates, that none
of the Administrative Agent, the Lead Arrangers or any of their respective Affiliates is a fiduciary with respect to the assets of such
Lender involved in the Loans, the Letters of Credit, the Commitments and this Agreement (including in connection with the reservation
or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related to hereto or thereto).

 

(j)                 
No Investment Advice; Not a Fiduciary; Amounts Received. The Administrative Agent and the Lead Arrangers hereby inform
the Lenders that each such Person is not undertaking to provide impartial investment advice, or to give advice in a fiduciary capacity,
in connection with the transactions contemplated hereby, and that such Person has a financial interest in the transactions contemplated
hereby in that such Person or an Affiliate thereof (i) may receive interest or other payments with respect to the Loans, the Letters
of Credit, the Commitments and this Agreement, (ii) may recognize a gain if it extended the Loans, the Letters of Credit or the Commitments
for an amount less than the amount being paid for an interest in the Loans, the Letters of Credit or the Commitments by such Lender or
(iii) may receive fees or other payments in connection with the transactions contemplated hereby, the Loan Documents or otherwise, including
structuring fees, commitment fees, arrangement fees, facility fees, upfront fees, underwriting fees, ticking fees, agency fees, administrative
agent or collateral agent fees, utilization fees, minimum usage fees, letter of credit fees, fronting fees, deal-away or alternate transaction
fees, amendment fees, processing fees, term out premiums, banker’s acceptance fees, breakage or other early termination fees or
fees similar to the foregoing.

 

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(k)               
Disqualified Institutions.

 

(i)                 
No assignment or participation shall be made to, and no Commitment shall be provided by, any Person that was a Disqualified Institution
as of the date (the “Trade Date”) on which the assigning Lender entered into a binding agreement to sell and
assign all or a portion of its rights and obligations under this Agreement to such Person or the date upon which such Commitment shall
become effective, as the case may be (unless (i) an Event of Default has occurred and is continuing under Section 8.1(a) or (f)
or (ii) the Borrower has consented to such assignment or Commitment in writing in its sole and absolute discretion, in which cases such
Person will not be considered a Disqualified Institution for the purpose of such assignment, participation or Commitment and this Agreement).
For the avoidance of doubt, with respect to any assignee, participant or Lender that becomes a Disqualified Institution after the applicable
Trade Date (including as a result of the delivery of a notice pursuant to, and/or the expiration of the notice period referred to in,
the definition of “Disqualified Institution”), (x) such assignee, participant or Lender shall not retroactively be disqualified
from becoming or being a Lender and (y) the execution by the Borrower of an Assignment and Assumption or similar documentation with respect
to such assignee, participant or Lender will not by itself result in such Person no longer being considered a Disqualified Institution.
Any assignment, participation or Commitment in violation of this clause (k)(i) shall not be void, but the other provisions of this clause
(k) shall apply.

 

(ii)               
If any assignment or participation is made to, or any Commitment is provided by, any Disqualified Institution in violation of clause
(i) above, or if any Person becomes a Disqualified Institution after the applicable Trade Date, the Borrower may, at its sole expense
and effort, upon notice to the applicable Disqualified Institution and the Administrative Agent, (A) terminate any Revolving Commitment
of such Disqualified Institution and repay all obligations of the Borrowers owing to such Disqualified Institution in connection with
such Revolving Commitment, (B) repay all obligations in respect of Term Loans owing to such Disqualified Institution and/or (C) require
such Disqualified Institution to assign, without recourse (in accordance with and subject to the restrictions contained in this Section),
all of its interest, rights and obligations under this Agreement to one or more Eligible Assignees at the lesser of (x) the principal
amount thereof and (y) the amount that such Disqualified Institution paid to acquire such interests, rights and obligations, in each case
plus accrued interest, accrued fees and all other amounts (other than principal amounts) payable to it hereunder.

 

(iii)             
Notwithstanding anything to the contrary contained in this Agreement, Disqualified Institutions (A) will not (x) have the right
to receive information, reports or other materials provided to Lenders by the Loan Parties, the Administrative Agent or any other Lender,
(y) attend or participate in meetings attended by the Lenders and the Administrative Agent, or (z) access any electronic site established
for the Lenders or confidential communications from counsel to or financial advisors of the Administrative Agent or the Lenders and (B)(x)
for purposes of any consent to any amendment, waiver or modification of, or any action under, and for the purpose of any direction to
the Administrative Agent or any Lender to undertake any action (or refrain from taking any action) under this Agreement or any other Loan
Document, each Disqualified Institution will be deemed to have consented in the same proportion as the Lenders that are not Disqualified
Institutions consented to such matter, and (y) for purposes of voting on any Debtor Relief Plan, each Disqualified Institution party hereto
hereby agrees (1) not to vote on such Debtor Relief Plan, (2) if such Disqualified Institution does vote on such Debtor Relief Plan notwithstanding
the restriction in the foregoing clause (1), such vote will be deemed not to be in good faith and shall be “designated” pursuant
to Section 1126(e) of the Bankruptcy Code (or any similar provision in any other Debtor Relief Laws), and such vote shall not be counted
in determining whether the applicable class has accepted or rejected such Debtor Relief Plan in accordance with Section 1126(c) of the
Bankruptcy Code (or any similar provision in any other Debtor Relief Laws) and (3) not to contest any request by any party for a determination
by the bankruptcy court (or other applicable court of competent jurisdiction) effectuating the foregoing clause (2).

 

(iv)              
The Administrative Agent shall have the right, and the Borrower hereby expressly authorizes the Administrative Agent, to (A) post
the list of Disqualified Institutions provided by the Borrower and any updates thereto from time to time (collectively, the “DQ
List”) on the Platform, including that portion of the Platform that is designated for “public side” Lenders
and (B) provide the DQ List to each Lender requesting the same.

 

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10.7            
 Adjustments; Set-off.

 

(a)                
Except to the extent that this Agreement expressly provides for payments to be allocated to a particular Lender or to the Lenders
under a particular Facility, if any Lender (a “Benefitted Lender”) shall receive any payment of all or
part of the Obligations owing to it, or receive any collateral in respect thereof (whether voluntarily or involuntarily, by set-off, pursuant
to events or proceedings of the nature referred to in Section 8.1(f), or otherwise), in a greater proportion than any such payment
to or collateral received by any other Lender, if any, in respect of the Obligations owing to such other Lender, such Benefitted Lender
shall purchase for cash from the other Lenders a participating interest in such portion of the Obligations owing to each such other Lender,
or shall provide such other Lenders with the benefits of any such collateral, as shall be necessary to cause such Benefitted Lender to
share the excess payment or benefits of such collateral ratably with each of the Lenders; provided that if all or any portion of
such excess payment or benefits is thereafter recovered from such Benefitted Lender, such purchase shall be rescinded, and the purchase
price and benefits returned, to the extent of such recovery, but without interest.

 

(b)               
Upon (i) the occurrence and during the continuance of any Event of Default and (ii) obtaining the prior written consent of the
Administrative Agent, each Lender and each of its Affiliates is hereby authorized at any time and from time to time, without prior notice
to the Borrower or any other Loan Party, any such notice being expressly waived by the Borrower and each Loan Party, to the fullest extent
permitted by applicable law, to set off and apply any and all deposits (general or special, time or demand, provisional or final), in
any currency, at any time held or owing, and any other credits, indebtedness, claims or obligations, in any currency, in each case whether
direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by such Lender, its Affiliates or any branch
or agency thereof to or for the credit or the account of the Borrower or any other Loan Party, as the case may be, against any and all
of the obligations of the Borrower or such other Loan Party now or hereafter existing under this Agreement or any other Loan Document
or any Bank Services Agreement or FX Contract to such Lender or its Affiliates, irrespective of whether or not such Lender or Affiliate
shall have made any demand under this Agreement or any other Loan Document or Bank Services Agreement or FX Contract and although such
obligations of the Borrower or such other Loan Party may be contingent or unmatured or are owed to a branch, office or Affiliate of such
Lender different from the branch, office or Affiliate holding such deposit or obligated on such indebtedness; provided that in
the event that any Defaulting Lender or any of its Affiliates shall exercise any such right of setoff, (x) all amounts so set off shall
be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.21
and, pending such payment, shall be segregated by such Defaulting Lender or Affiliate thereof from its other funds and deemed held in
trust for the benefit of the Administrative Agent and the Lenders, and (y) the Defaulting Lender shall provide promptly to the Administrative
Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender or Affiliate thereof as to which it
exercised such right of setoff. Each Lender agrees to notify the Borrower and the Administrative Agent promptly after any such setoff
and application made by such Lender or any of its Affiliates; provided that the failure to give such notice shall not affect the
validity of such setoff and application. The rights of each Lender and its Affiliates under this Section 10.7 are in addition to
other rights and remedies (including other rights of set-off) which such Lender or its Affiliates may have.

 

10.8            
Payments Set Aside. To the extent that any payment or transfer by or on behalf of the Borrower is made to the Administrative
Agent or any Lender, or the Administrative Agent or any Lender exercises its right of setoff, and such payment or transfer or the proceeds
of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including
pursuant to any settlement entered into by the Administrative Agent or such Lender in its discretion) to be repaid to a trustee, receiver
or any other party, in connection with any Insolvency Proceeding or otherwise, then (a) to the extent of such recovery, the obligation
or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not
been made or such setoff had not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable
share (without duplication) of any amount so recovered from or repaid by the Administrative Agent, plus interest thereon from the
date of such demand to the date such payment is made at a rate per annum equal to the Federal Funds Effective Rate from time to time in
effect. This Section 10.8 shall survive the Discharge of Obligations solely on an unsecured basis.

 

10.9            
Interest Rate Limitation. Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed
to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable law (the “Maximum
Rate”). If the Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the
excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower. In
determining whether the interest contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate,
such Person may, to the extent permitted by applicable law, (a) characterize any payment that is not principal as an expense, fee, or
premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread
in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder.

 

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10.10        
Counterparts; Electronic Execution of Assignments.

 

(a)                
This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts, and all
of said counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page
of this Agreement by facsimile or other electronic mail transmission shall be effective as delivery of a manually executed counterpart
hereof. A set of the copies of this Agreement signed by all the parties shall be lodged with the Borrower and the Administrative Agent.

 

(b)               
The words “execution,” “signed,” “signature,” and words of like import in any Assignment and
Assumption shall be deemed to include electronic signatures 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 or the use of a paper-based recordkeeping system, as the
case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National
Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic
Transactions Act.

 

10.11        
Severability. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction,
be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such
prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
Without limiting the foregoing provisions of this Section 10.11, if and to the extent that the enforceability of any provisions
in this Agreement relating to Defaulting Lenders shall be limited under or in connection with any Insolvency Proceeding, as determined
in good faith by the Administrative Agent or any Issuing Lender, as applicable, then such provisions shall be deemed to be in effect only
to the extent not so limited.

 

10.12        
Integration. The Fee Letter, this Agreement, the other Loan Documents, the Bank Services Agreements, and the FX Contracts represent
the entire agreement of the Borrower, the other Loan Parties, the Administrative Agent and the Lenders with respect to the subject matter
hereof and thereof, and there are no promises, undertakings, representations or warranties by the Administrative Agent or any Lender relative
to the subject matter hereof not expressly set forth or referred to herein or therein.

 

10.13        
GOVERNING LAW. This Agreement, the other Loan Documents and any claims, controversy, dispute or causes of actions arising therefrom
(whether in contract or tort or otherwise) shall be construed in accordance with and governed by the law of the State of New York. This
Section 10.13 shall survive the Discharge of Obligations.

 

10.14        
Submission to Jurisdiction; Waivers. The Borrower hereby irrevocably and unconditionally:

 

(a)                
submits, for itself and its property, to the exclusive jurisdiction of the Supreme Court of the State of New York sitting in the
Borough of Manhattan, New York County and of the United States District Court of the Southern District of New York sitting in the Borough
of Manhattan, and any appellate court from any thereof, in any action or proceeding arising out of or relating to any Loan Document,
or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that
all claims in respect of any such action or proceeding may be heard and determined in such New York State or, to the extent permitted
by law, in such Federal court. Each of the parties hereto agrees that a final judgment in any such action or proceeding shall be binding
(subject to appeal as provided by applicable law) and may be enforced in other jurisdictions by suit on the judgment or in any other
manner provided by law. Nothing in this Agreement or any other Loan Document shall affect any right that the Administrative Agent or
any Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other Loan Document against any Loan
Party or its properties in the courts of any jurisdiction;

 

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(b)               
WAIVES, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ITS RIGHT TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION ARISING OUT OF
OR BASED UPON THIS AGREEMENT, THE OTHER LOAN DOCUMENTS OR ANY CONTEMPLATED TRANSACTION, INCLUDING CONTRACT, TORT, BREACH OF DUTY AND ALL
OTHER CLAIMS. THIS WAIVER IS A MATERIAL INDUCEMENT FOR THE PARTIES TO ENTER INTO THIS AGREEMENT. EACH PARTY HAS REVIEWED THIS WAIVER WITH
ITS COUNSEL;

 

(c)                
consents to service of process in the manner provided for notices in Section 10.2; provided that nothing in
this Agreement or any other Loan Document will affect the right of any party to this Agreement to serve process in any other manner permitted
by law; and

 

(d)               
waives, to the maximum extent not prohibited by law, any right it may have to claim or recover in any legal action or proceeding
referred to in this Section any special, exemplary, punitive or consequential damages.

 

This Section 10.14
shall survive the Discharge of Obligations.

 

10.15        
[Intentionally Omitted].

 

10.16        
Releases of Guarantees and Liens.

 

(a)                
Notwithstanding anything to the contrary contained herein or in any other Loan Document, the Administrative Agent is hereby irrevocably
authorized by each Lender (without requirement of notice to or consent of any Lender except as expressly required by Section 10.1)
to take, and for the benefit of the Borrower the Administrative Agent agrees to take, any action requested by the Borrower having the
effect of releasing any Collateral or guarantee obligations (1) to the extent necessary to permit consummation of any transaction not
prohibited by any Loan Document or that has been consented to in accordance with Section 10.1 or (2) under the circumstances described
in Section 10.16(b) below.

 

(b)               
At such time as the Discharge of Obligations shall have occurred, the Collateral shall automatically be released from the Liens
created by the Security Documents and Bank Services Agreements and FX Contracts (other than any Bank Services Agreements used to Cash
Collateralize any Obligations arising in connection with Bank Services Agreements and FX Contracts), and all obligations (other than those
expressly stated to survive such termination) of the Administrative Agent and each Loan Party under the Security Documents and Bank Services
Agreements and FX Contracts (other than any Bank Services Agreements used to Cash Collateralize any Obligations arising in connection
with Bank Services Agreements and FX Contracts) shall terminate, all without delivery of any instrument or performance of any act by any
Person.

 

(c)                
By virtue of a Lender’s execution of this Agreement or an assignment agreement pursuant to Section 10.06, as the case
may be, any Affiliate of a Lender that has become a Secured Party shall be deemed a Lender party hereto for purposes of any reference
in a Loan Document to the parties for whom Administrative Agent is acting, it being understood and agreed that the rights and benefits
of such Affiliate under the Loan Documents consist exclusively of such Affiliate’s right to share in payments and collections out
of the Collateral as more fully set forth in Section 8.3. In connection with any distribution of payments and collections, or any
request for the release of the Guarantee Obligations and Administrative Agent’s Liens under the Loan Documents in connection with
the termination of the Commitments and the payment in full of the Obligations, Administrative Agent shall be entitled to assume no amounts
are due to any Lender or its Affiliates with respect to Banking Services, FX Contracts, or Specified Swap Agreements unless such Lender
has notified Administrative Agent in writing of the amount of any such liability owed to it or its Affiliate prior to such distribution
or payment or release of Guarantee Obligations and Liens.

 

(d)                At any time from
and after the Closing Date, the Borrower may request that any of its Immaterial Subsidiaries that are Loan Parties be released from all
of its obligations under the Loan Documents and any property pledged or granted by such Subsidiary as Collateral (including any Foreign
Law Stock Pledge) granted pursuant to the Existing Credit Agreement shall be automatically released from the Liens created pursuant to
the Security Documents and the Lenders acknowledge that the Administrative Agent may deliver to Borrower such certificates or documents
as Borrower may reasonably request to effect the releases described in this Section 10.16(d).

 

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10.17        
Treatment of Certain Information; Confidentiality. Each of the Administrative Agent and each Lender agrees to maintain the
confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates, its Related Parties
and the Related Parties of its Affiliates (it being understood that the Persons to whom such disclosure is made will be informed of the
confidential nature of such Information and instructed to keep such Information confidential); (b) to the extent required or requested
by any regulatory authority purporting to have jurisdiction over such Person or its Related Parties (including any self-regulatory authority,
such as the National Association of Insurance Commissioners); (c) to the extent required by applicable laws or regulations or by any subpoena
or similar legal process, upon the request or demand of any Governmental Authority, in response to any order of any court or other Governmental
Authority or as may otherwise be required pursuant to any Requirement of Law or if requested or required to do so in connection with any
litigation or similar proceeding (in which case such disclosing Person shall promptly notify the Borrower, in advance, to the extent permitted
by applicable laws or regulations and not prohibited by such subpoena, legal process, court order or Governmental Authority); (d) to any
other party hereto; (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or Bank Services Agreement
or FX Contracts or any action or proceeding relating to this Agreement or any other Loan Document or Bank Services Agreement or FX Contracts
or the enforcement of rights hereunder or thereunder; (f) subject to an agreement containing provisions substantially the same as those
of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights and obligations
under this Agreement, or (ii) any actual or prospective party (or its Related Parties) to any swap, derivative or other transaction under
which payments are to be made by reference to the Borrower and its obligations, this Agreement or payments hereunder; (g) on a confidential
basis to (i) any rating agency in connection with rating the Borrower or its Subsidiaries or the Facilities or (ii) the CUSIP Service
Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers with respect to the Facilities; (h) with
the consent of the Borrower; or (i) to the extent such Information (x) becomes publicly available other than as a result of a breach of
this Section, or (y) becomes available to the Administrative Agent, any Lender or any of their respective Affiliates on a non-confidential
basis from a source other than the Borrower. In addition, the Administrative Agent and the Lenders may disclose the existence of this
Agreement and information about this Agreement to market data collectors, similar service providers to the lending industry and service
providers to the Administrative Agent and the Lenders in connection with the administration of this Agreement, the other Loan Documents
and the Commitments. This provision shall apply for one year after the Discharge of Obligations.

 

Notwithstanding anything herein
to the contrary, any party to this Agreement (and any employee, representative, or other agent of any party to this Agreement) may disclose
to any and all persons, without limitation of any kind, the tax treatment and tax structure of the Transactions contemplated by this Agreement
and all materials of any kind (including opinions or other tax analyses) that are provided to it relating to such tax treatment and tax
structure. However, any such information relating to the tax treatment or tax structure is required to be kept confidential to the extent
necessary to comply with any applicable federal or state securities laws.

 

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

 

Each of the Administrative
Agent and each Lender shall be permitted to use any information (not constituting Information subject to the foregoing confidentiality
restrictions) related to the syndication and arrangement of the senior credit facilities contemplated by this Agreement in connection
with marketing, press releases or other transactional announcements or updates provided to investor or trade publications, including the
placement of “tombstone” advertisements in publications of its choice at its own expense.

 

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10.18        
 Automatic Debits. With respect to any principal, interest, fee, or any other cost or expense (including attorney costs of
the Administrative Agent or any Lender payable by the Borrower hereunder) due and payable to the Administrative Agent or any Lender under
the Loan Documents, the Borrower hereby irrevocably authorizes the Administrative Agent to debit any deposit account of the Borrower maintained
with the Administrative Agent in an amount such that the aggregate amount debited from all such deposit accounts does not exceed such
principal, interest, fee or other cost or expense. If there are insufficient funds in such deposit accounts to cover the amount then due,
such debits will be reversed (in whole or in part, in the Administrative Agent’s sole discretion) and such amount not debited shall
be deemed to be unpaid. No such debit under this Section 10.18 shall be deemed a set-off.

 

10.19        
Judgment Currency. If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due hereunder
or any other Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with
normal banking procedures the Administrative Agent could purchase the first currency with such other currency on the Business Day preceding
that on which final judgment is given. The obligation of each Borrower and each other Loan Party in respect of any such sum due from it
to the Administrative Agent or any Lender hereunder or under any other Loan Document shall, notwithstanding any judgment in a currency
(the “Judgment Currency”) other than that in which such sum is denominated in accordance with the applicable
provisions of this Agreement (the “Agreement Currency”), be discharged only to the extent that on the Business
Day following receipt by the Administrative Agent or such Lender, as the case may be, of any sum adjudged to be so due in the Judgment
Currency, the Administrative Agent or such Lender, as the case may be, may in accordance with normal banking procedures purchase the Agreement
Currency with the Judgment Currency. If the amount of the Agreement Currency so purchased is less than the sum originally due to the Administrative
Agent or any Lender from the Borrower or any other Loan Party in the Agreement Currency, the Borrower and each other Loan Party agrees,
as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent or such Lender, as the case may
be, against such loss. If the amount of the Agreement Currency so purchased is greater than the sum originally due to the Administrative
Agent or any Lender in such currency, the Administrative Agent or such Lender, as the case may be, agrees to return the amount of any
excess to the Borrower or other Loan Party, as applicable (or to any other Person who may be entitled thereto under applicable law).

 

10.20        
Patriot Act. Each Lender and the Administrative Agent (for itself and not on behalf of any other party) hereby notifies the
Borrower that, pursuant to the requirements of the Patriot Act, it is required to obtain, verify and record information that identifies
the Borrower, which information includes the names and addresses and other information that will allow such Lender or the Administrative
Agent, as applicable, to identify the Borrower in accordance with the Patriot Act. The Borrower will, and will cause each of its Subsidiaries
to, provide, to the extent commercially reasonable or required by any Requirement of Law, such information and take such actions as are
reasonably requested by the Administrative Agent or any Lender to assist the Administrative Agent and the Lenders in maintaining compliance
with the Patriot Act.

 

10.21        
Termination. Notwithstanding anything to the contrary contained herein or in any other Loan Document: this Agreement (other
than Sections 2.17, 2.18, 2.19, 10.5, 10.8, 10.13 and 10.14, Section 9 and any
other agreement set forth in a Loan Document that expressly survives the termination of the Commitments and the Discharge of Obligations)
and any Commitment of any Lender hereunder shall terminate upon the occurrence of the Discharge of Obligations.

 

10.22        
Contractual Recognition Provision. 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 EEA Financial Institution
arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of
an EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

 

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

 

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

 

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

 

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

 

10.23        
Acknowledgement Regarding Any Supported QFCs. To the extent that the Loan Documents provide support, through a guarantee or
otherwise, for any Swap Agreement or any other agreement or instrument that is a QFC (such support, “QFC Credit Support”,
and each such QFC, a “Supported QFC”), the parties acknowledge and agree as follows with respect to the
resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall
Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution
Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding
that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the
United States or any other state of the United States): In the event a Covered Entity that is party to a Supported QFC (each, a “Covered
Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the
benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any
rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent
as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any
such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the
event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime,
Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised
against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S.
Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the
United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to
a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.

 

10.24        
No Advisory or Fiduciary Responsibility. In connection with all aspects of each transaction contemplated hereby (including
in connection with any amendment, waiver or other modification hereof or of any other Loan Document), each Loan Party acknowledges and
agrees that: (i) (A) The Administrative Agent, Lead Arrangers and each Lender and their respective Affiliates (collectively, solely for
purposes of this Section 10.24, the “Lenders”), may have economic interests that conflict with those of the
Loan Parties, (B) the arranging and other services regarding this Agreement provided by the Lenders are arm’s-length commercial
transactions between each Loan Party and its Affiliates, on the one hand, and the Lenders, on the other hand, (C) each Loan Party has
consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (D) each Loan Party is capable
of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan
Documents; (ii) (A) each of the Lenders is and has been acting solely as a principal and, except as expressly agreed in writing by the
relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary for any Loan Party or any of its Affiliates,
or any other Person, and the relationship between the Lenders, on one hand, and the Loan Parties, on the other hand, in connection herewith
is solely that of debtor and creditor, (B) no Lender has any obligation to any Loan Party or any of its Affiliates with respect to the
transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents, and (C) no joint
venture is created hereby or by the other Loan Documents or otherwise exists by virtue of the Transactions contemplated hereby among the
Lenders or among the Loan Parties and the Lenders; and (iii) each of the Lenders and their respective Affiliates may be engaged in a broad
range of transactions that involve interests that differ from those of each Loan Party and its Affiliates, and no Lender has any obligation
to disclose any of such interests to any Loan Party or its Affiliates. To the fullest extent permitted by law, each Loan Party hereby
waives and releases any claims that it may have against each of the Lenders with respect to any breach or alleged breach of agency or
fiduciary duty in connection with any aspect of any transaction contemplated hereby.

 

    128

     

    

 

 

[Remainder of page left blank intentionally]

 

    129

     

    

 

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

 

	 	BORROWER:
	 	 
	 	DIGI INTERNATIONAL INC.
	 	as the Borrower
	 	 
	 	By:	/s/ Ronald Konezny
	 	Name:	Ronald E. Konezny
	 	Title:	 President and Chief Executive Officer
	 	 
	 	LOAN PARTIES:
	 	 
	 	ACCELERATED CONCEPTS, INC.
	 	 
	 	By:	 /s/ Ronald Konezny
	 	Name:	Ronald E. Konezny
	 	Title:	President
	 	 
	 	ITK INTERNATIONAL, INC.
	 	 
	 	By:	/s/ Ronald Konezny
	 	Name:	Ronald E. Konezny
	 	Title:	President
	 	 
	 	SMART TEMPS, L.L.C.
	 	 
	 	By:	 /s/ Ronald Konezny
	 	Name:	Ronald E. Konezny
	 	Title:	President
	 	 
	 	FRESHTEMP, LLC
	 	 
	 	By:	/s/ Ronald Konezny
	 	Name:	Ronald E. Konezny
	 	Title:	President
	 	 
	 	Ventus Holdings, LLC
	 	 
	 	By:	/s/ Ronald Konezny
	 	Name:	Ronald E. Konezny
	 	Title:	President
	 	 
	 	Ventus IP Holdings, LLC
	 	 
	 	By:	 /s/ Ronald Konezny
	 	Name:	Ronald E. Konezny
	 	Title:	President

 

[Signature Page to Credit Agreement]

 

    

     

    

 

	 	Ventus Wireless Services, INC.
	 	 
	 	By:	/s/ Ronald Konezny
	 	Name:	 Ronald E. Konezny
	 	Title:	 President
	 	 
	 	VCLIPZ, INC.
	 	 
	 	By:	/s/ Ronald Konezny
	 	Name:	Ronald E. Konezny
	 	Title:	 President
	 	 
	 	Ventus Wireless, LLC
	 	 
	 	By:	/s/ Ronald Konezny
	 	Name:	Ronald E. Konezny
	 	Title:	President
	 	 
	 	VENTUS TECHNOLOGIES, LLC
	 	 
	 	By:	/s/ Ronald Konezny
	 	Name:	Ronald E. Konezny
	 	Title:	President

 

[Signature Page to Credit Agreement]

 

    

     

    

 

	 	DIGI SMARTSENSE, LLC
	 	 
	 	By:	 /s/ Ronald Konezny
	 	Name:	Ronald E. Konezny
	 	Title:	President
	 	 
	 	OPENGEAR, INC.
	 	 
	 	By:	 /s/ Ronald Konezny
	 	Name:	Ronald E. Konezny
	 	Title:	Vice President
	 	 
	 	HAXIOT, INC.
	 	 
	 	By:	 /s/ Ronald Konezny
	 	Name:	Ronald E. Konezny
	 	Title:	 President

 

[Signature Page to Credit Agreement]

 

    

     

    

 

 

	 	ADMINISTRATIVE AGENT:
	 	 
	 	BMO HARRIS BANK N.A.,
	 	as the Administrative Agent
	 	 
	 	By:	/s/ Philip Sanfilippo
	 	Name: 	Philip Sanfilippo
	 	Title:	Director

 

[Signature Page to Credit Agreement]

 

     

     

    

 

	 	Bank of Montreal,
	 	as a Lender
	 	 
	 	By:	/s/ David Lynch
	 	Name: 	David Lynch
	 	Title:	Managing Director

 

[Signature Page to Credit Agreement]

 

     

     

    

 

EXHIBIT A

 

JOINDER AGREEMENT

 

THIS JOINDER AGREEMENT (the “Agreement”),
dated as of [____________], 202[_], is entered into between [____________], a [____________] (the “New Subsidiary”)
and BMO HARRIS BANK N.A., in its capacity as administrative agent (the “Administrative Agent”) under that certain Third
Amended and Restated Credit Agreement, dated as of December 22, 2021 (as amended, restated, supplemented or otherwise modified from time
to time, the “Loan Agreement”) among Digi International Inc., as Borrower, the other Loan Parties thereto, the Lenders
party thereto and the Administrative Agent. All capitalized terms used herein and not otherwise defined herein shall have the meanings
set forth in the Loan Agreement.

 

The New Subsidiary and the Administrative Agent,
for the benefit of the Lenders, hereby agree as follows.

 

1.             
 The New Subsidiary hereby acknowledges, agrees and confirms that, by its execution of this Agreement, the New Subsidiary will
be deemed to be a Loan Party under the Loan Agreement and a “Guarantor” for all purposes of the Loan Agreement and shall have
all of the obligations of a Loan Party and a Guarantor thereunder as if it had executed the Loan Agreement. The New Subsidiary hereby
ratifies, as of the date hereof, and agrees to be bound by, all of the terms, provisions and conditions contained in the Loan Agreement,
including without limitation (a) all of the representations and warranties of the Loan Parties set forth in Section 4 of the Loan Agreement,
and (b) all of the covenants set forth in Sections 6 and 7 of the Loan Agreement.

 

2.             
The New Subsidiary further agrees to, simultaneous herewith, execute and deliver to the Administrative Agent a joinder to the Guarantee
and Collateral Agreement.

 

3.             
The address of the New Subsidiary for purposes of Section 10.2 of the Loan Agreement is as follows:

 

_________________________

_________________________

_________________________

_________________________

 

4.             
This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be an original,
but all of which shall constitute one and the same instrument.

 

5.            
This agreement and the rights and obligations of the parties hereunder shall be governed by and construed and interpreted in accordance
with the laws of the State of New York.

 

	 	[NEW SUBSIDIARY]
	 	 
	 	By:   	 
	 	Name:
	 	Title:
	 	 
	 	BMO HARRIS BANK N.A.,
	 	as the Administrative Agent
	 	 
	 	By:   	             
	 	Name:
	 	Title:EX-10.1

 Exhibit 10.1 

FOURTH AMENDMENT TO SECOND AMENDED AND RESTATED 

REVOLVING CREDIT AND TERM LOAN AGREEMENT 

This Fourth Amendment to Second Amended and Restated Revolving Credit and Term Loan Agreement (“Fourth
Amendment”) is made as of December 21, 2021, by and among Montauk Energy Holdings, LLC (“Borrower”), the Lenders (as defined below), and Comerica Bank, as administrative agent for the Lenders (in such capacity,
“Agent”). 
 RECITALS 

A. Borrower entered into that certain Second Amended and Restated Revolving Credit and Term Loan Agreement dated as of
December 12, 2018, with the financial institutions from time to time signatory thereto (each, individually, a “Lender,” and any and all such financial institutions collectively the “Lenders”) and Agent, (as amended and as
may be further amended, restated or otherwise modified from time to time, the “Credit Agreement”). 
 B. Borrower
has requested that Agent and the Lenders make certain amendments to the Credit Agreement and Agent and the Lenders are willing to do so, but only on the terms and conditions set forth in this Fourth Amendment. 

C. Borrower and Agent desire to remove The Huntington National Bank (successor in interest to TCF National Bank), MUFG Union
Bank, N.A. and Webster Bank, National Association as Lenders (each, a “Departing Lender” and collectively, the “Departing Lenders”) and to add Citizens Bank, N.A. and BankUnited N.A. (each, a “New Lender” and
collectively, the “New Lenders”) as Lenders, and in connection therewith the Departing Lenders have agreed to assign their loans and commitments under the Credit Agreement to the New Lenders pursuant to the terms hereof, with such
assignment being deemed to occur concurrently with the amendments set forth herein. 
 NOW, THEREFORE, in
consideration of the Recitals and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, Borrower, Agent and Lenders agree as follows: 

1. The Credit Agreement is hereby amended (a) to delete the stricken text (indicated textually in the same manner
as the following examples: stricken text) and (b) to add the bold and double-underlined text (indicated textually in the same manner as the following examples: bold and double-underlined text), in each case, as
set forth in the marked copy of the Credit Agreement attached hereto as Attachment 1 hereto and made a part hereof for all purposes. 

2. Annex I to the Credit Agreement is amended and restated by Annex I attached as Attachment 2 to this First Amendment.

 3. Annex II to the Credit Agreement is amended and restated by Annex II attached as Attachment 3 to this First
Amendment. 

 4. The existing Schedules to the Credit Agreement are deleted and replaced
with the new Schedules attached as Attachment 4. 
 5. Exhibits A, J and L to the Credit Agreement are deleted and
replaced with Exhibits A, J and L attached hereto. 
 6. Borrower hereby represents, warrants and confirms that the updated
Schedules to the Credit Agreement attached hereto as Attachment 4 are true, accurate and complete in all material respects as of Fourth Amendment Effective Date. 

7. The “Fourth Amendment Effective Date” shall be the first date that the following conditions have been fully
satisfied by Borrower: 
  

	 	(a)	 Agent shall have received counterpart signature pages to this Fourth Amendment, in each case duly executed
and delivered by Agent, Borrower, the Lenders and the Departing Lenders (solely in their capacities as such). 

  

	 	(b)	 Each Departing Lender shall have received payment of the Amount Due plus any applicable Per Diem Amount
(each as defined on each such Departing Lender’s signature page hereto) owing to it in connection with the assignments provided in Section 8 below. 

  

	 	(c)	 Borrower shall have paid to Agent for distribution to the Lenders, to the extent applicable, all fees and
amounts, if any, that are due and owing to Agent and the Lenders as of the date of this Fourth Amendment, including pursuant to any supplemental fee letter executed by and among Agent and Borrower. 

 

	 	(d)	 Agent shall have received evidence satisfactory to Agent of minimum availability under the Revolving Credit
at closing of not less than $120,000,000 less the aggregate undrawn amount of all Letters of Credit then outstanding, and of the payment of all fees and expenses required to be paid at the time of closing. 

 

	 	(e)	 Agent shall have received a satisfactory RIN sensitivity analysis for the Loan Parties.

  

	 	(f)	 The Agent shall have received counterpart signature pages to the Joinder Agreement (Security Agreement), in
each case duly executed and delivered by Montauk Ag Renewables, LLC, a Delaware limited liability company, Montauk Ag Management, LLC, a Delaware limited liability company, Magnolia Ag, LLC, a Delaware limited liability company, Turkey Creek Ag,
LLC, a Delaware limited liability company, and NR-3, LLC, a North Carolina limited liability company (each, a “New Guarantor” and collectively, the “New Guarantors”). 

 

	 	(g)	 Agent shall have received (i) signature pages to the documents listed in the Closing Checklist attached
as Attachment 5 in each case duly executed and 

  
 2 

 
delivered by Agent, Borrowers, Guarantors and the Lenders and (ii) each of the other documents and instruments listed in the Closing Checklist attached as Attachment 5 in each case in form
and substance satisfactory to Agent; 
  

	 	(h)	 The Agent shall have received counterpart signature pages to the Joinder Agreement (Guaranty), in each case
duly executed and delivered by the New Guarantors. 

  

	 	(i)	 The Agent shall have received counterpart signature pages to the Amendment to Security Agreement, duly
executed and delivered by the applicable Credit Parties in connection with changes to the Pledged Share schedule to the Security Agreement. 

  

	 	(j)	 For each New Guarantor, the Agent shall have received, a certificate of an authorized officer dated as of
the Fourth Amendment Effective Date as to: 

 (i) resolutions of each New Guarantor authorizing the
transactions contemplated by this Fourth Amendment and the other Loan Documents and approving this Fourth Amendment and the other Loan Documents required in connection herewith, in each case to which such New Guarantor is party, and authorizing the
execution and delivery of this Fourth Amendment and such other Loan Documents, and in the case of the Borrower, authorizing the execution and delivery of requests for Advances and the issuance of Letters of Credit hereunder; 

(ii) the incumbency and signature of the officers or other authorized persons of such New Guarantor executing any Loan
Document; 
 (iii) a certificate of good standing or continued existence (or the equivalent thereof) from the state
of its incorporation or formation, and 
 (iv) copies of such New Guarantor’s articles of incorporation and
bylaws or other constitutional documents, as in effect on the Fourth Amendment Effective Date. 
  

	 	(k)	 The Agent shall have received a letter of direction containing funds flow information as of Fourth Amendment
Effective Date. 

  

	 	(l)	 The Agent shall have received a Perfection Certificate completed and executed by each New Guarantor.

  

	 	(m)	 The Agent shall have received opinions of counsel for each New Guarantor other than NR-3, LLC.

  

	 	(n)	 The Agent shall have received evidence of the existence of insurance for each New Guarantor required to be
maintained pursuant to the Credit 

  
 3 

 
Agreement, together with evidence that Agent has been named as a lender’s loss payee and an additional insured on all related insurance policies. 

 

	 	(o)	 The Agent shall have received (i) the completed Beneficial Ownership Certification from each New
Guarantor and (ii) all other documentation and other information required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including USA PATRIOT Act, and a properly
completed and signed IRS Form W-8 or W-9, as applicable, for the New Guarantors and for any other Person as requested by Agent or any Lender. 

  

	 	(p)	 After the effectiveness of this Fourth Amendment, no Default or Event of Default exists as of the date
hereof. 

  

	 	(q)	 Each of the representations and warranties contained in this Fourth Amendment, the Credit Agreement and each
of the other Loan Documents is true and correct in all material respects as of the date hereof as if made on and as of the date hereof (other than any representation or warranty that expressly speaks only as of a different date, which
representations and warranties shall be true in all material respects as of such different date). 

 8. The
parties hereto acknowledge and agree that: 
  

	 	(a)	 Upon the Fourth Amendment Effective Date, Departing Lenders shall be deemed to have assigned all of their
commitments and Advances under the Credit Agreement to the New Lenders, and such assignments shall be deemed to be made among the Departing Lenders and the New Lenders with the same force and effect as if such assignments were evidenced by an
Assignment Agreement under the Credit Agreement (including with respect to all applicable representations, warranties and agreements included in the form of Assignment Agreement by and for the benefit of the Departing Lenders as Assignors thereunder
and New Lenders as Assignees thereunder). 

  

	 	(b)	 Upon the Fourth Amendment Effective Date, each Lender shall (i) have Percentages equal to the
applicable percentages set forth in Attachment 3 attached hereto and (ii) hold Advances of the Revolving Credit (and participation in Swing Line Advances) in its Revolving Credit Percentage of all such Advances (and Swing Line Advances)
outstanding on the Fourth Amendment Effective Date and Advances of the Term Loan in its Term Loan Percentage of all such Advances. To effectuate the foregoing, each Lender which as a result of the adjustments of Percentages evidenced by Attachment 3
hereto is to hold a greater principal amount of Advances of the Revolving Credit and Term Loan outstanding than such Lender had outstanding under Revolving Credit and Term Loan immediately prior to the Fourth Amendment Effective Date, shall deliver
to the Agent immediately available funds to cover such Advances (and the Agent shall, 

  
 4 

 
to the extent of the funds so received, disburse funds to each Lender which, as a result of the adjustment of the Percentages, is to have a lesser principal amount of Advances outstanding than
such Lender had prior to the Fourth Amendment Effective Date). 
 9. Borrower hereby represents and warrants that, after
giving effect to this Fourth Amendment, (a) the execution and delivery of this Fourth Amendment are within Borrower’s limited liability company powers, have been duly authorized, are not in contravention of law or the terms of its
organizational documents, and except as have been previously obtained do not require the consent or approval, material to the amendments contemplated in this Fourth Amendment, of any governmental body, agency or authority, and this Fourth Amendment
and the Credit Agreement (as amended herein) will constitute the valid and binding obligations of Borrower, enforceable in accordance with its terms, except as enforcement thereof may be limited by applicable bankruptcy, reorganization, insolvency,
moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general principles of equity (whether enforcement is sought in a proceeding in equity or at law), (b) the representations and warranties set forth
in Article 6 of the Credit Agreement are true and correct in all material respects on and as of the date hereof (other than any representation or warranty that expressly speaks only as of a certain date), and (c) as of the Fourth Amendment
Effective Date, no Default or Event of Default has occurred and is continuing. 
 10. Borrower, Agent and Lenders each hereby
ratify and confirm their respective obligations under the Credit Agreement, as amended by this Fourth Amendment and agree that the Credit Agreement hereby remains in full force and effect after giving effect to this Fourth Amendment and that, upon
such effectiveness, all references in such Loan Documents to the “Credit Agreement” shall be references to the Credit Agreement as amended by this Fourth Amendment. 

11. Except as specifically set forth above, this Fourth Amendment shall not be deemed to amend or alter in any respect the
terms and conditions of the Credit Agreement or any of the Notes issued thereunder, or to constitute a waiver by the Lenders or Agent of any right or remedy under or a consent to any transaction not meeting the terms and conditions of the Credit
Agreement, any of the Notes issued thereunder or any of the other Loan Documents. 
 12. Unless otherwise defined to the
contrary herein, all capitalized terms used in this Fourth Amendment shall have the meaning set forth in the Credit Agreement. 

13. This Fourth Amendment may be executed in counterpart in accordance with Section 13.9 of the Credit Agreement. 

14. This Fourth Amendment shall be construed in accordance with and governed by the laws of the State of Michigan, without
giving effect to principles of conflict of laws. 

  
 5 

 15. As a condition of the above amendments, Borrower waives, discharges, and
forever releases Agent, Lenders and their respective employees, officers, directors, attorneys, stockholders and successors and assigns, from and of any and all claims, causes of action, allegations or assertions that Borrower has or may have had at
any time up through, and including, the date of this Fourth Amendment, against any or all of the foregoing with respect to the Credit Agreement and transactions thereunder, regardless of whether any such claims, causes of action, allegations or
assertions are known to Borrower or whether any such claims, causes of action, allegations or assertions arose as a result of Agents or such Lender’s actions or omissions in connection with the Credit Agreement, and transactions relating
thereto. 
 16. By its execution of this Fourth Amendment, the parties hereto acknowledge and agree that, upon the occurrence
of the Fourth Amendment Effective Date, (a) the Departing Lenders shall cease to be Lenders under the Credit Agreement, (b) Borrower shall have no further obligations to Departing Lenders under the Credit Agreement (except pursuant to any
indemnity provisions contained in the Credit Agreement or the other Loan Documents for events or matters arising prior to the Fourth Amendment Effective Date; provided such obligations shall continue only for so long as the Credit Agreement has not
terminated or expired or for the applicable survival period if such indemnity provisions are expressly stated to survive any termination of the Credit Agreement or the other Loan Documents as applicable), (c) the obligations of Departing
Lenders to make any Advances of the Revolving Credit (or any other advances or loans in connection therewith) or to participate in or fund Letters of Credit or Swing Line Advances shall terminate and be of no further force and effect,
(d) Departing Lenders shall have no further obligations to Borrower or Agent under the Credit Agreement or any of the other Loan Documents and shall no longer be deemed to be Lenders under the Credit Agreement, and (e) Departing Lenders
shall no longer be entitled to the benefit of any liens, security interest, or other encumbrances of whatever nature against the Borrower or any other Credit Party which are held by Agent for the benefit of the Lenders or have been granted pursuant
to the Loan Documents. Departing Lenders are a party to this Fourth Amendment solely for the purpose of evidencing their agreement to Section 8(a) and this Section 16, and the consent of the Departing Lenders are not required to effectuate
any other provisions of this Fourth Amendment. The Agent hereby waives any processing and recording fees under Section 13.8(d)(ii) of the Credit Agreement solely with respect to the assignments and reallocations contemplated by this Fourth
Amendment. 
 [Remainder of Page Internationally Left Blank] 

  
 6 

 IN WITNESS WHEREOF, Borrower, the Lenders and Agent have each caused this
Fourth Amendment to be executed by their respective duly authorized officers or agents, as applicable, all as of the date first set forth above. 
  

			
	COMERICA BANK, as Agent and a Lender
		
	By:	 	 /s/ Tony G. Rice

	Name: Tony G. Rice
	Title: Vice President

 
			
	MONTAUK ENERGY HOLDINGS, LLC
		
	By:	 	 /s/ Kevin Van Asdalan

		 	Kevin Van Asdalan
	Its:	 	Chief Executive Officer

 
			
	M&T BANK, as a Lender
		
	By:	 	 /s/ Joseph Wild

	Its:	 	Vice President

 
			
	KEYBANK NATIONAL ASSOCIATION, as a Lender
		
	By:	 	 Beth Jackson

	Its:	 	Senior Vice President

 
			
	CITIZENS BANK, N.A.,
	as a Lender
		
	By:	 	 /s/ Darran Wee

	Its:	 	Senior Vice President

 
			
	BANKUNITED N.A.,
	as a Lender
		
	By:	 	 /s/ Michael van Teeffelen

	Its:	 	SVP

 
			
	DEPARTING LENDER:
	
	 THE HUNTINGTON NATIONAL BANK,

as successor by merger to TCF National Bank, as a Lender

		
	By:	 	 /s/ Marc Adams

	Its:	 	Managing Director

 Amount Due to The Huntington National Bank shall mean
(a) $5,504,724.94 in principal and $2,235.65 in accrued interest under the Revolving Credit, plus (b) $3,375,000 in principal and $5,520.54 in accrued interest under the Term Loan, plus (c) $2,968.75 in facility fees due to the
Departing Lender plus the Per Diem Amount. The “Per Diem Amount” shall mean $845.45 (comprised of interest and fees), to be added to the Amount Due for each day (commencing at 5:00 pm (Eastern Standard Time) on December 20, 2021) if
the Amount Due has not been received by Departing Lender by 5:00 pm (Eastern Standard Time) on such day. 

Payment of the Amount Due to The Huntington National Bank shall be made in the form of a wire transfer to wire
instructions on file with Agent. 

 
			
	DEPARTING LENDER:
	
	 WEBSTER BANK, NATIONAL ASSOCIATION,

as a Lender

		
	By:	 	 /s/ David Riordan

	Its:	 	Managing Director

 Amount Due to Webster Bank, National Association shall mean
(a) $2,201,889.98 in principal and $894.26 in accrued interest under the Revolving Credit, plus (b) $1,350,000 in principal and $2,208.22 in accrued interest under the Term Loan, plus (c) $1,187.50 in facility fees due to the
Departing Lender , plus the Per Diem Amount. The “Per Diem Amount” shall mean $338.18 (comprised of interest and fees), to be added to the Amount Due for each day (commencing at 5:00 pm (Eastern Standard Time) on December 20, 2021) if
the Amount Due has not been received by Departing Lender by 5:00 pm (Eastern Standard Time) on such day. 
 Payment of the
Amount Due to Webster Bank, National Association shall be made by in the form of a wire transfer to wire instructions on file with Agent. 

 
			
	DEPARTING LENDER:
	
	MUFG UNION BANK, N.A., as a Lender
		
	By:	 	 /s/ Ben Gallagher

	Its:	 	Vice President

 Amount Due to MUFG Union Bank, N.A. shall mean (a) $4,403,779.95 in
principal and $1,788.52 in accrued interest under the Revolving Credit, plus (b) $2,700,000 in principal and $4,416.43 in accrued interest under the Term Loan, plus (c) $2,375.00 in facility fees due to the Departing Lender, plus the Per
Diem Amount. The “Per Diem Amount” shall mean $676.36 (comprised of interest and fees), to be added to the Amount Due for each day (commencing at 5:00 pm (Eastern Standard Time) on December 20, 2021) if the Amount Due has not been
received by Departing Lender by 5:00 pm (Eastern Standard Time) on such day. 
 Payment of the Amount Due to MUFG Union
Bank, N.A. shall be made by in the form of a wire transfer to wire instructions on file with Agent. 

 ATTACHMENT 1 

[Redline of Composite Credit Agreement] 

 Attachment 1 
  

 
  

MONTAUK ENERGY HOLDINGS, LLC 

SECOND AMENDED AND RESTATED REVOLVING CREDIT AND TERM LOAN AGREEMENT 

DATED AS OF DECEMBER 12, 2018 

COMERICA BANK 
 AS
ADMINISTRATIVE AGENT, SOLE LEAD ARRANGER AND SOLE BOOKRUNNER,[ M&T] 

CITIZENS BANK, N.A., AS SYNDICATION AGENT 

AND[ CHEMICAL] 

M&T BANK, AS DOCUMENTATION AGENT 
  

 
  

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 1. DEFINITIONS
	  	 	1	 
	 1.1 Certain Defined Terms
	  	 	1	 
	 1.2 Other Interpretive Provisions
	  	 	[36]43	 
	 [1.3
Eurodollar-based Advances; LIBOR Notification
	  	 	36]	 
	 1.3 Rates
	  	 	43	 
		
	 2. REVOLVING CREDIT
	  	 	[37]44	 
	 2.1 Commitment
	  	 	[37]45	 
	 2.2 Accrual of Interest and Maturity; Evidence of Indebtedness
	  	 	[37]45	 
	 2.3 Requests for and Refundings and Conversions of Advances
	  	 	[38]46	 
	 2.4 Disbursement of Advances
	  	 	[40]48	 
	 2.5 Swing Line
	  	 	[42]50	 
	 2.6 Interest Payments; Default Interest
	  	 	[47]55	 
	 2.7 Optional Prepayments
	  	 	[48]57	 
	 2.8 Base Rate Advance in Absence of Election or Upon Default
	  	 	[49]57	 
	 2.9 Revolving Credit Facility Fee
	  	 	[49]57	 
	 2.10 Mandatory Repayment of Revolving Credit Advances
	  	 	[50]58	 
	 2.11 Optional Reduction or Termination of Revolving Credit Aggregate Commitment
	  	 	[51]59	 
	 2.12 Use of Proceeds of Advances
	  	 	[52]60	 
	 2.13 Optional Increase in Revolving Credit
	  	 	[52]60	 
		
	 3. LETTERS OF CREDIT
	  	 
	[54]62
	 
	 3.1 Letters of Credit
	  	 	[54]62	 
	 3.2 Conditions to Issuance
	  	 	[55]63	 
	 3.3 Notice
	  	 	[56]64	 
	 3.4 Letter of Credit Fees; Increased Costs
	  	 	[56]64	 
	 3.5 Other Fees
	  	 	[58]66	 
	 3.6 Participation Interests in and Drawings and Demands for Payment Under Letters of
Credit
	  	 	[58]66	 
	 3.7 Obligations Irrevocable
	  	 	[60]68	 
	 3.8 Risk Under Letters of Credit
	  	 	[61]69	 
	 3.9 Indemnification
	  	 	[62]70	 
	 3.10 Right of Reimbursement
	  	 	[63]71	 
		
	 4. TERM LOAN
	  	 	[63]71	 
	 4.1 Term Loan
	  	 	[64]72	 
	 4.2 Accrual of Interest and Maturity; Evidence of Indebtedness
	  	 	[64]72	 
	 4.3 Repayment of Principal
	  	 	[64]72	 
	 4.4 Term Loan Rate Requests; Refundings and Conversions of Advances of the Term
Loan
	  	 	[65]73	 
	 4.5 Base Rate Advance in Absence of Election or Upon Default
	  	 	[66]74	 

  
 i 

					
	 4.6 Interest Payments; Default Interest
	  	 	[66]75	 
	 4.7 Optional Prepayment of Term Loan
	  	 	[67]76	 
	 4.8 Mandatory Prepayment of Term Loan
	  	 	[67]76	 
	 4.9 Use of Proceeds
	  	 	[69]78	 
	 4.10 Optional Increase in Term Loan or Additional Term Loan
	  	 	[69]78	 
		
	 5. CONDITIONS
	  	 	[72]81	 
	 5.1 Conditions of Initial Advances
	  	 	[72]81	 
	 5.2 Continuing Conditions
	  	 	[75]84	 
		
	 6. REPRESENTATIONS AND WARRANTIES
	  	 	[75]84	 
	 6.1 Corporate Authority
	  	 	[76]85	 
	 6.2 Due Authorization
	  	 	[76]85	 
	 6.3 Good Title; Leases; Assets; No Liens
	  	 	[76]85	 
	 6.4 Taxes
	  	 	[77]86	 
	 6.5 No Defaults
	  	 	[77]86	 
	 6.6 Enforceability of Agreement and Loan Documents
	  	 	[77]86	 
	 6.7 Compliance with Laws
	  	 	[77]86	 
	 6.8 Non-contravention
	  	 	[77]86	 
	 6.9 Litigation
	  	 	[78]87	 
	 6.10 Consents, Approvals and Filings, Etc.
	  	 	[78]87	 
	 6.11 Agreements Affecting Financial Condition
	  	 	[78]87	 
	 6.12 No Investment Company or Margin Stock
	  	 	[78]87	 
	 6.13 ERISA[
78] Compliance
	  	 	87	 
	 6.14 Conditions Affecting Business or Properties
	  	 	[79]90	 
	 6.15 Environmental and Safety Matters
	  	 	[79]90	 
	 6.16 Subsidiaries
	  	 	[80]90	 
	 6.17 Management Agreements
	  	 	[80]90	 
	 [6.18 Material
Contracts
	  	 	80]	 
	 6.18 [Reserved]
	  	 	91	 
	 6.19 Franchises, Patents, Copyrights, Tradenames, etc.
	  	 	[80]91	 
	 6.20 Capital Structure
	  	 	[80]91	 
	 6.21 Accuracy of Information
	  	 	[80]91	 
	 6.22 Solvency
	  	 	[81]92	 
	 6.23 Employee Matters
	  	 	[81]92	 
	 6.24 No Misrepresentation
	  	 	[81]92	 
	 6.25 Corporate Documents and Corporate Existence
	  	 	[82]92	 
	 6.26 Anti-Money Laundering/Anti-Terrorism
	  	 	[82]92	 
	 6.27
[EEA]Affected Financial Institution
	  	 	[82]93	 
	 6.28 Operating Projects
	  	 	[82]93	 
	 6.29 Validity of Project Documents
	  	 	[82]93	 
	 6.30 Material Project Documents
	  	 	[82]93	 
	 6.31 FERC Compliance
	  	 	[82]93	 
	 6.32 PUHCA
	  	 	[83]93	 
	 6.33 Exemption from Regulation
	  	 	[83]93	 
	 6.34 Renewable Fuel Standard
	  	 	[83]94	 

  
 ii 

					
	 7. AFFIRMATIVE COVENANTS
	  	 	[83]94	 
	 7.1 Financial Statements
	  	 	[83]94	 
	 7.2 Certificates; Other Information
	  	 	[84]95	 
	 7.3 Payment of Obligations
	  	 
	[86]97
	 
	 7.4 Conduct of Business and Maintenance of Existence; Compliance with Laws
	  	 	[86]97	 
	 7.5 Maintenance of Property; Insurance
	  	 	[87]97	 
	 7.6 Inspection of Property; Books and Records, Discussions
	  	 	[87]98	 
	 7.7 Notices
	  	 	[88]99	 
	 7.8 Hazardous Material Laws
	  	 	[89]100	 
	 997.9 Financial Covenants
	  	 	[89]100	 
	 7.10 Governmental and Other Approvals
	  	 	[90]101	 
	 7.11 Compliance with ERISA[; ERISA
Notices
	  	 	90] 101	 
	 7.12 Defense of Collateral
	  	 	[90]101	 
	 7.13 Future Subsidiaries; Additional Collateral
	  	 	[90]102	 
	 7.14 Accounts
	  	 	[92]104	 
	 7.15 Use of Proceeds
	  	 	[92]104	 
	 7.16 Hedging Transaction
	  	 	[92]104	 
	 7.17 Further Assurances and Information
	  	 	[92]104	 
	 7.18 Anti-Terrorism[
93] Laws
	  	 	105	 
	 7.19 [Reserved]
	  	 	[93]105	 
	 7.20 Post Closing Deliverable
	  	 	[93]105	 
		
	 8. NEGATIVE COVENANTS
	  	 	[93]105	 
	 8.1 Limitation on Debt
	  	 	[93]106	 
	 8.2 Limitation on Liens
	  	 	[94]106	 
	 8.3 Acquisitions
	  	 	[95]107	 
	 8.4 Limitation on Mergers, Dissolution or Sale of Assets
	  	 	[95]107	 
	 8.5 Restricted Payments
	  	 	[96]108	 
	 8.6 [Reserved]
	  	 	[97]109	 
	 8.7 Limitation on Investments, Loans and Advances
	  	 	[97]109	 
	 8.8 Transactions with Affiliates
	  	 	[98]110	 
	 8.9 Sale-Leaseback Transactions
	  	 	[98]110	 
	 8.10 Limitations on Other Restrictions
	  	 	[98]110	 
	 8.11 Prepayment of Debt
	  	 	[98]111	 
	 8.12 Amendment of Subordinated Debt Documents
	  	 	[98]111	 
	 8.13 Modification of Certain Agreements
	  	 	[98]111	 
	 8.13A Modification of Acquisition Documents
	  	 	104	 
	 8.14 Management Fees
	  	 	[98]111	 
	 8.15 Fiscal Year
	  	 	[99]111	 
	 8.16 Pension Plans
	  	 	[99]111	 
		
	 9. DEFAULTS
	  	 	[99]111	 
	 9.1 Events of Default
	  	 	[99]111
	 
	 9.2 Exercise of Remedies
	  	 	[102]114	 
	 9.3 Rights Cumulative
	  	 	[102]115	 
	 9.4 Waiver by the Borrower of Certain Laws
	  	 	[102]115	 

  
 iii 

					
	 9.5 Waiver of Defaults
	  	 	[103]115	 
	 9.6 Set Off
	  	 	[103]115	 
		
	 10. PAYMENTS, RECOVERIES AND COLLECTIONS
	  	 	[103]116	 
	 10.1 Payment [Procedure
103]Generally
	  	 	116	 
	 10.2 Application of Proceeds of Collateral
	  	 	[104]117	 
	 10.3 Pro-rata Recovery
	  	 	[105]118	 
	 10.4 Treatment of a Defaulting Lender; Reallocation of Defaulting Lender’s Fronting
Exposure
	  	 	[105]118	 
	 10.5 Erroneous Payments
	  	 	120	 
		
	 11. YIELD PROTECTION; INCREASED COSTS; MARGIN ADJUSTMENTS;
[taxes]TAXES; UNAVAILABILITY; SUCCESSOR RATE DETERMINATION
	  	 	[107]121	 
	 11.1 Reimbursement of Prepayment Costs
	  	 	[107]121	 
	 [11.2 Eurodollar
Lending Office
	  	 	108]	 
	 [11.3 Circumstances
Affecting LIBOR Rate Availability
	  	 	108]	 
	 [11.4 Laws
Affecting LIBOR Rate Availability
	  	 	109]	 
	 11.2 Inability to Determine Rates
	  	 	122	 
	 11.3 BSBY Unavailability; Successor Rate Determination
	  	 	123	 
	 11.4 Illegality
	  	 	127	 
	 11.5 Increased [Cost of Advances Carried at the LIBOR
Rate 109]Costs
	  	 	128	 
	 11.6 Capital [Adequacy and Other Increased Costs 110]Requirements
	  	 	129	 
	 [11.7 Right of
Lenders to Fund through Branches and Affiliates
	  	 	111]	 
	 11.7 Certificates for Reimbursement
	  	 	130	 
	 11.8 Margin Adjustment
	  	 	[111]130	 
	 11.9 Delay in Requests
	  	 	[112]131	 
	 11.10 [Reserved]
	  	 	132	 
	 11.11 [Delay in Requests
	  	 	112]	 
	 [11.12 ]Taxes
	  	 	[113]132	 
	 [11.13 Effect of
Benchmark Transition Event
	  	 	115]	 
		
	 12. AGENT
	  	 	142	 
	 12.1 Appointment of the Agent
	  	 	142	 
	 12.2 Deposit Account with the Agent or any Lender
	  	 	[123]142	 
	 12.3 Scope of the Agent’s Duties
	  	 	[123]142	 
	 12.4 Successor Agent
	  	 	143	 
	 12.5 Credit Decisions
	  	 	[124]144	 
	 12.6 Authority of the Agent to Enforce This Agreement
	  	 	144	 
	 12.7 Indemnification of the Agent
	  	 	144	 
	 12.8 Knowledge of Default
	  	 	145	 

  
 iv 

					
	 12.9 The Agent’s Authorization; Action by Lenders
	  	 	145	 
	 12.10 Enforcement Actions by the Agent
	  	 	145	 
	 12.11 Collateral Matters
	  	 	[126]146	 
	 12.12 The Agents in their Individual Capacities
	  	 	146	 
	 12.13 The Agent’s Fees
	  	 	[127]146	 
	 12.14 Documentation Agent or other Titles
	  	 	[127]146	 
	 12.15 Subordination Agreements
	  	 	[127]147	 
	 12.16 Indebtedness in respect of Lender Products and Hedging Agreements
	  	 	147	 
	 12.17 No Reliance on the Agent’s Customer Identification Program
	  	 	147	 
	 12.18 Flood Laws
	  	 	148	 
	 12.19 Lenders’ Representations
	  	 	148	 
		
	 13. MISCELLANEOUS.
	  	 	[128]149	 
	 13.1 Accounting Principles[128]; Divisions
	  	 	149	 
	 13.2 Consent to Jurisdiction.
	  	 	[128]150	 
	 13.3 Governing Law
	  	 	[129]150	 
	 13.4 Interest
	  	 	[129]150	 
	 13.5 Closing Costs and Other Costs; Indemnification
	  	 	[129]151	 
	 13.6 Notices
	  	 	[130]152	 
	 13.7 Further Action
	  	 	[131]153	 
	 13.8 Successors and Assigns; Participations; Assignments
	  	 	[132]153	 
	 13.9 Counterparts
	  	 	[135]157	 
	 13.10 Amendment and Waiver
	  	 	[135]157	 
	 13.11 Confidentiality[
138]
	  	 	161	 
	 13.12 Substitution or Removal of Lenders
	  	 	[139]162	 
	 13.13 Withholding Taxes
	  	 	[140]164	 
	 13.14 WAIVER OF JURY TRIAL
	  	 	[143]167	 
	 13.15 USA Patriot Act Notice
	  	 	[143]167	 
	 13.16 Complete Agreement; Conflicts
	  	 	[143]167	 
	 13.17 Severability
	  	 	[143]167	 
	 13.18 Table of Contents and Headings; Section References
	  	 	[143]167	 
	 13.19 Construction of Certain Provisions
	  	 	[144]168	 
	 13.20 Independence of Covenants
	  	 	[144]168	 
	 13.21 Electronic Transmissions
	  	 	[144]168	 
	 13.22 Advertisements
	  	 	[145]169	 
	 13.23 Reliance on and Survival of Provisions
	  	 	[145]169	 
	 13.24 Acknowledgment and Consent to Bail-In of
[EEA]Affected Financial Institutions
	  	 	[145]169	 
	 13.25 Amendment and Restatement and Consolidation; Assignment and Assumptions
	  	 	[146]170	 
	 13.26 Acknowledgment Regarding Any Supported QFCs
	  	 	170	 

  
 v 

 EXHIBITS 

A FORM OF REQUEST FOR REVOLVING CREDIT ADVANCE 
 B FORM OF
REVOLVING CREDIT NOTE 
 C FORM OF SWING LINE NOTE 
 D FORM OF
REQUEST FOR SWING LINE ADVANCE 
 E FORM OF NOTICE OF LETTERS OF CREDIT 

F FORM OF SECURITY AGREEMENT 
 G FORM OF ASSIGNMENT AS COLLATERAL
SECURITY 
 H FORM OF ASSIGNMENT AGREEMENT 
 I FORM OF GUARANTY

 J FORM OF COVENANT COMPLIANCE REPORT 
 K FORM OF TERM LOAN
NOTE 
 L FORM OF TERM LOAN RATE REQUEST 
 M FORM OF SWING LINE
PARTICIPATION CERTIFICATE 
 N-1 [–]– N-4 FORMS OF U.S. TAX
COMPLIANCE CERTIFICATES 
 0 FORM OF NEW LENDER ADDENDUM 

ANNEXES 
  

	I	 Applicable Margin Grid 

 

	II	 Percentages and Allocations 

 

	III	 Notices 

SCHEDULES 
 1.1 [–]–
 Compliance Information 

[1.2 – Material Project Documents] 

1.3 [–]– Operating Projects 

5.1(c) [–]– Jurisdiction 

5.2 [–]– Qualifications to do Business 

5.3(a) [–]– Collateral Documents 

6.3(b) [–]– Owned and Leased Property 

6.4 [–]– Taxes 

6.7 [–]– Compliance with Laws 

6.9 [–]– Litigation/Administrative Proceedings 

6.10 [–]– Consents, Approvals and Filings, Etc. 

6.13 [–]– ERISA Plans 

6.15 [–]– Environmental 

6.16 [–]– Subsidiaries 

6.17 [–]– Management Agreements 

[6.18 – Material Contracts] 

6.19 [–]– Franchises, Patents, Copyrights, Tradenames, Etc. 

6.20 [–]– Capital Structure 

  
 1 

 6.23 [–]– Union Contracts

 6.28
[–]–
 Operation of Equipment 
 6.31
[–]–
 Compliance with FERC 
 8.1
[–]–
 Existing Debt 
 8.2
[–]–
 Additional Existing Liens and Security Interests 
 8.7 [–]–
 Additional Investments 
 8.8
[–]–
 Transactions with Affiliates 

  
 2 

 SECOND AMENDED AND RESTATED REVOLVING CREDIT AND TERM LOAN AGREEMENT 

This Second Amended and Restated Revolving Credit and Term Loan Agreement (“Agreement”) is made as of the 12th day of December, 2018, by and among the financial institutions from time to time signatory hereto (individually a “Lender,” and any and all such financial institutions collectively the
“Lenders”), Comerica Bank, as the Administrative Agent for the Lenders (in such capacity, the “Agent”), Sole Lead Arranger and Sole Bookrunner, and Montauk Energy Holdings, LLC (“Borrower”). 

RECITALS 

A. The Borrower, Agent and lenders entered into that certain Amended and Restated Credit Agreement dated as of August 4,
2017 (as subsequently amended from time to time, the “Prior Credit Agreement”). 
 B. The Borrower now desires to
amend and replace the Prior Credit Agreement with an amended and restated credit agreement evidenced by this Agreement. 
 C.
The Borrower has requested that the Lenders extend to it credit and letters of credit on the terms and conditions set forth herein. 

D. The Lenders are prepared to extend such credit as aforesaid, but only on the terms and conditions set forth in this
Agreement. 
 NOW THEREFORE, in consideration of the covenants contained herein, the Borrower, the Lenders, and the Agent
agree as follows: 
  

	1.	 DEFINITIONS. 

1.1 Certain Defined Terms. For the purposes of this Agreement the following terms will have the following meanings: 

“Account(s)” shall mean any account or account receivable as defined under the UCC, including without limitation,
with respect to any Person, any right of such Person to payment for goods sold or leased or for services rendered. 

“Account Control Agreement(s)” shall mean those certain account control agreements, or similar agreements that are
delivered pursuant to Section 7.14 of this Agreement or otherwise, as the same may be amended, restated or otherwise modified from time to time. 

“Account Debtor” shall mean the party who is obligated on or under any Account. 

“Advance(s)” shall mean, as the context may indicate, a borrowing requested by the Borrower, and made by the
Revolving Credit Lenders under Section 2.1 hereof, the Term Loan Lenders under Section 4.1 hereof, or the Swing Line Lender under Section 2.5 hereof, including 

  
 1 

 
without limitation any readvance, refunding or conversion of such borrowing pursuant to Section 2.3, 2.5 or 4.4 hereof, and any advance deemed to have been made in respect of a Letter of
Credit under Section 3.6(c) hereof, and shall include, as applicable, a
[Eurodollar-based]BSBY Rate
Advance, a Base Rate Advance and a Quoted Rate Advance. 
 “Affected Financial Institution” shall mean (a) any EEA Financial Institution, or (b) any UK Financial Institution. 

“Affected
 Lender” shall have the meaning set forth in Section 13.12
hereof. 
 “Affected Tenor” is defined in Section 11.2 hereof. 

“Affiliate” shall mean, with respect to any Person, any other Person directly or indirectly controlling (including
but not limited to all directors and officers of such Person), controlled by, or under direct or indirect common control with such Person. A Person shall be deemed to control another Person for the purposes of this definition if such Person
possesses, directly or indirectly, the power (i) to vote 10% or more of the Equity Interests having ordinary voting power for the election of directors or managers of such other Person or (ii) to direct or cause the direction of the
management and policies of such other Person, whether through the ownership of voting securities, by contract or otherwise. 

“Agent” shall have the meaning set forth in the preamble, and [include]includes any successor agents
appointed in accordance with Section 12.4 hereof. 
 “Agent’s [Correspondent]Office” shall mean
[for Eurodollar-based Advances, ]the Agent’s [Grand Cayman Branch (or for the account
of said branch office, at the Agent’s main office in Detroit, Michigan, United States)]address, and as
appropriate, account, as set forth on Annex III, or such other address or account as the Agent may from time to time notify the Borrower and Lenders. 

“Anti-Terrorism Laws” shall mean any laws relating to terrorism, trade sanctions programs and embargoes,
import/export licensing, money laundering, corruption or bribery, and any regulation, order, or directive promulgated, issued or enforced pursuant to such laws, all as amended, supplemented or replaced from time to time. 

“Applicable Excess Cash Flow Percentage” shall mean with respect to any fiscal year of Borrower, zero percent (0%)
if the Total Leverage Ratio as of the last day of such fiscal year is less than or equal to 2.0 to 1.0, and shall mean fifty percent (50%) at all other times. 

“Applicable Fee Percentage” shall mean, as of any date of determination thereof, the applicable percentage used to
calculate certain of the fees due and payable hereunder, determined by reference to the Pricing Matrix attached to this Agreement as Annex I. 

“Applicable Floor” shall mean
(a) as such term is used in the definitions of
“[LIBOR]BSBY Rate”
and “[Benchmark Replacement]Successor
Rate” (as defined in Section
[11.13]11.3), zero percent
(0.0%) per annum[. [per Third Amendment] ], and (b) as such term is used in the
definition of “Base Rate”, zero percent (0%) per annum. 

  
 2 

 “Applicable Interest Rate” shall mean, (i) with
respect to each Revolving Credit Advance and Term Loan Advance, the
[Eurodollar-based]BSBY Rate
or the Base Rate, plus, in each case, the Applicable Margin, and (ii) with respect to each Swing Line Advance,
the Base Rate or, if made available to the Borrower by the Swing Line Lender at its option, the Quoted Rate, plus, in each case, the
Applicable Margin, in each case as selected by the Borrower from time to time subject to the terms and conditions of this Agreement. 

“Applicable Margin” shall mean, as of any date of determination thereof, the applicable interest rate margin,
determined by reference the Pricing Matrix attached to this Agreement as Annex I. 
 “Applicable Measuring Period”
shall mean for any date of determination occurring (a) before December 31, 2019, the period commencing on January 1, 2019 and ending on such date of determination, and (b) on or after December 31, 2019, the period of four
consecutive fiscal quarters ending on the applicable date of determination. 
 [“Applicable Reference Date” shall mean (i) for all purposes other than clause (c) of the definition of “Base Rate,” the date that is two (2) Business Days
prior to the first day of the applicable Eurodollar-Interest Period, and (ii) solely for purposes of clause (c) of the definition of “Base Rate,” any date of determination (or, if such date is not a Business Day, the preceding
Business Day). [per Third Amendment]]

 “Argus” means Argus Media Limited, the independent organization which provides data on prices and
fundamentals, news, analysis, consultancy services and conferences for the global crude, oil products, natural gas, electricity, coal, emissions, bioenergy, fertilizer, petrochemical, metals and transportation industries. 

“Argus D3 RIN Price” means the arithmetic average of the midpoint of the high and low daily prices, as published and
assessed by Argus in the Argus US Products daily report under the heading “RINs Cellulosic biofuels” for the applicable vintage year (or successor heading or publication). 

“Asset Sale” shall mean the sale, transfer or other disposition by any Credit Party of any asset (other than the
sale or transfer of less than one hundred percent (100%) of the stock or other ownership interests of any Subsidiary) to any Person (other than to the Borrower or a Guarantor). 

“Assignment Agreement” shall mean an Assignment Agreement substantially in the form of Exhibit H hereto. 

“Assignments” shall mean the collective reference to any Assignments as Collateral Security by Borrower and certain
of its Subsidiaries in favor of Bank in the form attached to this Agreement as Exhibit “G”. 
 “Authorized
Signer” shall mean each person who has been authorized by the Borrower to execute and deliver any requests for Advances hereunder pursuant to a written authorization delivered to the Agent and whose signature card or incumbency certificate has
been received by the Agent. 

  
 3 

“Available
 Tenor” means, as of any date of determination and with respect to the BSBY Rate or any Successor Rate, as applicable, (x) if such rate is a term rate, any tenor for such rate (or component thereof) that is or may be used for determining
the length of an interest period pursuant to this Agreement, or (y) otherwise, any payment period for interest calculated with reference to such rate (or component thereof) that is or may be used for determining any frequency of making payments
of interest calculated with reference to such rate, in each case, as of such date and not including, for the avoidance of doubt, any tenor for such rate that is then-removed from the definition of “Interest Period” pursuant to Section
11.3(c). 
 “Bail-In Action”
[means]shall mean the
exercise of any Write-Down and Conversion Powers by the applicable [EEA ]Resolution Authority in respect of any liability of an [EEA]Affected Financial
Institution. 
 “Bail-In Legislation”
[means]shall mean, (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament
and of the Council of the European Union, the implementing law, rule, regulation or requirement for such EEA Member
Country from time to time which is described in the EU Bail-In Legislation Schedule, and (b) with respect to the United
Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial
institutions or their affiliates (other than through liquidation, administration or other insolvency proceedings). 

“Bankruptcy Code” shall mean Title 11 of the United States Code and the rules promulgated thereunder. 

“Base Rate” shall mean for any day, that per annum rate of interest which is equal to the [sum of the Applicable Margin plus the ]greatest of (a) the Prime Rate for such day, (b) the Federal Funds [Effective ]Rate in effect on such day, plus one percent
(1.0%) per annum, [and
](c) the [Daily Adjusting LIBOR Rate (using the applicable 30-day
or]BSBY Screen Rate for a
one[-] month [rate) for]tenor in effect on such day, plus one percent (1.0%)[;
provided, however, for purposes of determining the Base Rate during any period that the LIBOR Rate is unavailable as determined under Sections 11.3 or 11.4 hereof or during a Benchmark Unavailability Period under Section 11.13 hereof, the Base
Rate shall be determined without reference to clause] per annum, and ([c]d) [above]the Applicable Floor. Any
change in the Base Rate due to a change in the Prime Rate, the Federal Funds [Effective ]Rate, or
[such LIBOR]the BSBY Rate
shall be effective from and including the effective date of such change in the Prime Rate, the Federal Funds [Effective ]Rate, or the [LIBOR]BSBY Rate, respectively.[ [per Third Amendment]] 
 “Base Rate Advance”
shall mean an Advance which bears interest at the Base Rate. 

“Benchmark”
 shall mean, initially, the BSBY Rate; provided, that, if the BSBY Rate or any successor thereof is subsequently replaced by a Successor Rate in accordance with 11.3, then “Benchmark” shall mean the applicable Successor Rate then in
effect. 

  
 4 

 “Beneficial Owner” shall mean, with respect to any U.S. federal
withholding Tax, the beneficial owner, for U.S. federal income tax purposes, to whom such Tax relates. 
 “Beneficial
Ownership Certification” shall mean a certification regarding beneficial ownership as required by the Beneficial Ownership Regulation. 

“Beneficial Ownership Regulation” shall mean 31 C.F.R. § 1010.230, as amended from time to time. 

“Borrower” shall have the meaning set forth in the preamble to this Agreement. 

“Borrower Representative” shall mean, initially, Montauk Energy Holdings, LLC, or any other Borrower identified as
the Borrower Representative in a written notice delivered to the Agent and signed by the Borrower. 
 “BSBY” shall mean the Bloomberg Short-Term Bank Yield Index rate.  

“BSBY Administrator”
 shall mean Bloomberg Index Services Limited (or any successor administrator of BSBY). 
 “BSBY Rate” shall mean, with respect to any BSBY Rate Advance for any applicable Interest Period, the rate per annum equal to the
BSBY Screen Rate at or about 7:00 a.m. (Detroit, Michigan time) (or as soon thereafter as practical) as determined for such Interest Period, two (2) Business Days prior to the beginning of such Interest Period with a term equivalent to such
Interest Period for such BSBY Rate Advance; provided, that, except for a determination by Agent pursuant to Section 11.2 or Section 11.3 herein, if such rate is not published for such Business Day, then the “BSBY Rate” will be
the BSBY Screen Rate for the first Business Day immediately prior thereto on which such rate is published), rounded upwards, if necessary, to the next five decimal places and adjusted for reserves if Agent is required to maintain reserves with
respect to the relevant Advances, all as determined by Agent in accordance with the Agreement and Agent’s loan systems and procedures periodically in effect; provided, further, that if the BSBY Rate would otherwise be less than the Applicable
Floor, then the BSBY Rate shall be deemed to be the Applicable Floor.  
 “BSBY Screen Rate” means BSBY, as administered by the BSBY Administrator and published on the applicable Reuters screen page (or
such other commercially available source providing such rate as may be designated by Agent from time to time).  

“BSBY Rate
 Advance” shall mean any Advance which bears interest at the BSBY Rate or, if applicable, the Successor Rate. 

“Business Day” shall mean any day other than a Saturday or a Sunday on which commercial banks are open for
domestic and international business (including dealings in foreign exchange) in Detroit, Michigan and[ New York,] New York, [and in the case of a Business Day which relates to a Eurodollar-based Advance, on which dealings are carried on in the London interbank eurodollar market]New York. 

  
 5 

 “Capital Expenditures” shall mean, for any period, with respect to
any Person (without duplication), the aggregate of all expenditures incurred by such Person and its Subsidiaries during such period for the acquisition or leasing (pursuant to a Capitalized Lease) of fixed or capital assets or additions to
equipment, plant and property that should be capitalized under GAAP on a consolidated balance sheet of such Person and its Subsidiaries, but excluding expenditures made in connection with the Reinvestment of Insurance Proceeds, Condemnation Proceeds
or the Net Cash Proceeds of Asset Sales. 
 “Capitalized Lease” shall mean, as applied to any Person, any lease of
any property (whether real, personal or mixed) with respect to which the discounted present value of the rental obligations of such Person as lessee thereunder, in conformity with GAAP, is required to be capitalized on the balance sheet of that
Person. 
 “Change in Law” shall mean the occurrence, after the Effective Date, of any of the following:
(i) the adoption or
[introduction]taking effect
of, or any change in any applicable law, treaty, rule or regulation (whether domestic or foreign) now or hereafter in effect and whether or not applicable to any Lender or Agent on such date, or (ii) any change in interpretation, administration
or implementation of any such law, treaty, rule or regulation by any Governmental Authority, or (iii) the issuance, making or implementation by any Governmental Authority of any interpretation, administration, request, regulation, guideline, or
directive (whether or not having the force of law), including any risk-based capital guidelines[. For purposes of this definition]; provided that notwithstanding anything herein to the contrary, (x) a change in law, treaty, rule, regulation,
interpretation, administration or implementation shall include, without limitation, any change made or which becomes effective on the basis of a law, treaty, rule, regulation, interpretation administration or implementation then in force, the
effective date of which change is delayed by the terms of such law, treaty, rule, regulation, interpretation, administration or implementation, (y) the Dodd-Frank Wall Street Reform and Consumer Protection Act[ (Pub. L. 111-203, H.R. 4173)] and all requests, rules, [regulations,
]guidelines[, interpretations] or directives [promulgated
]thereunder or issued in connection therewith[ shall be deemed to be a “Change in “Law”, regardless of the date enacted, adopted, issued or
promulgated,] and (z) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United
States or foreign regulatory authorities, in each case pursuant to Basel III, shall in each
case be deemed to be a “Change in Law”, regardless of the date enacted, adopted[,] or issued[ or implemented].

 “Change of Control” shall mean (a) an event or series of events whereby (i) any Person or
“group” (within the meaning of Section 13(d) or 14(d) of the Securities Exchange Act of 1934, as amended) shall either (x) acquire beneficial ownership of more than 30% of any outstanding class of common stock of the Parent
having ordinary voting power in the election of directors of the Parent or (y) obtain the power (whether or not exercised) to elect a majority of the Parent’s directors, (ii) the Parent shall cease to control, directly or indirectly,
100%, on a fully diluted basis, of the aggregate issued and outstanding voting stock (or comparable voting interests) of the Borrower, or (iii) the Parent shall fail to be able, either jointly or severally, to elect a controlling majority of
the Board of Directors of the Borrower, or (b) the occurrence of event or series of events that would trigger a violation of any change of control or change in control provision in any of the Subordinated Debt Documents, except in connection
with a public listing of Parent, 

  
 6 

 
Borrower, or any Subsidiaries; provided, however, notwithstanding the foregoing, it shall not be a “Change of Control” if, (a) as a result of the contemplated
reorganization of the Parent, as evidenced by documentation and filings, in form and substance reasonably satisfactory to the Agent, provided by the Borrower or the Parent to the Agent, the Parent’s Equity Interests in the Borrower are
transferred (subject to Agent’s Lien on such Equity Interest) to Montauk Renewables, Inc. (f/k/a Montauk Energy, Inc.), and Montauk Renewables, Inc., thereafter shall control, directly or indirectly, 100%, on a fully diluted basis, of the
aggregate issued and outstanding voting stock (or comparable voting interests) of the Borrower and, effective on and after the date of the consummation of such reorganization, for purposes of this defined term, each reference to “the
Parent” contained herein shall be deemed to be a reference to Montauk Renewables, Inc. (f/k/a Montauk Energy, Inc.) and (b) the Change of Control Conditions have been satisfied. [[per Third Amendment]] 

“Change of Control Conditions” shall mean with respect to any Change in Control resulting from the
transfer of Parent’s Equity Interests in Borrower to Montauk Renewables, Inc. (f/k/a Montauk Energy, Inc.), (a) the Agent shall have received Montauk Renewables, Inc.’s Bylaws, certified articles of incorporation, employee
identification number and all of its other corporate governance and formation documentation reasonably required by Agent and all in form and substance reasonably satisfactory to Agent and (b) Montauk Renewables, Inc. shall have executed and
delivered to Agent a Guaranty of the Indebtedness and a Pledge Agreement providing a first priority Lien on one hundred percent (100%) of the Equity Interests of Borrower owned by Montauk Renewables, Inc., together with such opinions and
authorizing resolutions as are reasonably required by Agent. [[per Third
Amendment]] 

“Collateral” shall mean all property or rights in which a security interest, mortgage, lien or other encumbrance for
the benefit of the Lenders is or has been granted or arises or has arisen, under or in connection with this Agreement, the other Loan Documents, or otherwise to secure the Indebtedness. 

“Collateral Access Agreement” shall mean an agreement in form and substance reasonably satisfactory to the Agent,
pursuant to which a mortgagee or lessor of real property on which Collateral is stored or otherwise located, or a warehouseman, processor or other bailee of inventory or other property owned by any Credit Party, that acknowledges the Liens under the
Collateral Documents and subordinates or waives any Liens held by such Person on such property and, includes such other agreements with respect to the Collateral as the Agent may reasonably require, as the same may be amended, restated or otherwise
modified from time to time. 
 “Collateral Documents” shall mean the Security Agreement, the Assignments, the
Pledge Agreements, the Mortgages (if any), the Account Control Agreements, the Consent to Assignment, the Collateral Access Agreements, and all other security documents (and any joinders thereto) executed by any Credit Party in favor of the Agent on
or after the Effective Date, in connection with any of the foregoing collateral documents, in each case, as such collateral documents may be amended or otherwise modified from time to time. 

“Comerica Bank” shall mean Comerica Bank, its successors or assigns. 

“Commitments” shall mean the Revolving Credit Aggregate Commitment. 

  
 7 

 “Condemnation Proceeds” shall mean the cash proceeds received by
any Credit Party in respect of any condemnation proceeding net of reasonable and invoiced fees and out-of-pocket expenses (including without limitation reasonable and invoiced outside attorneys’ fees and expenses) incurred in connection with
the collection thereof. 
 “Consolidated” or “Consolidating” shall, when used with reference to any
financial information pertaining to (or when used as a part of any defined term or statement pertaining to the financial condition of) any Person, mean the accounts of Borrower and its Subsidiaries determined on a consolidated or consolidating basis
or combined and combining basis, as the case may be, all determined as to principles of consolidation and, except as otherwise specifically required by the definition of such term or by such statements, as to such accounts, in accordance with GAAP.
All references to Borrower’s consolidated Subsidiaries for purposes of calculation of any financial covenants shall exclude the Excluded Entities. 

“Conforming
 Changes” means, with respect to either the use or administration of the BSBY Rate or the use, administration, adoption or implementation of any Successor Rate, any technical, administrative or operational changes (including changes to the
definition of “Base Rate,” the definition of “Business Day,” the definition of “U.S. Government Securities Business Day,” the definition of “Interest Period,” or any similar or analogous definition (or the
addition of a concept of “interest period”), timing and frequency of determining rates and making payments of interest, timing of borrowing requests or prepayment, conversion or continuation notices, the applicability and length of
lookback periods, the applicability of Section 11.2 or Section 11.3 and other technical, administrative or operational matters) that the Agent decides may be appropriate to reflect the adoption and implementation of any such rate or to
permit the use and administration thereof by the Agent in a manner substantially consistent with market practice (or, if the Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Agent
determines that no market practice for the administration of any such rate exists, in such other manner of administration as the Agent decides is reasonably necessary in connection with the administration of this Agreement and the other Loan
Documents). 

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

“Consolidated EBITDA” shall mean, for any period, Net Income for such period plus, without duplication and only to
the extent reflected as a charge or reduction in the statement of such Net Income for such period, the sum of (a) income tax expense, (b) interest expense, (c) depreciation, depletion and amortization expense, (d) non-cash
unrealized derivative expense, (e) any extraordinary, unusual or non-recurring cash expenses and/or losses not exceeding $500,000 in the aggregate to the extent not included in the determination of operating income on the Borrower’s
consolidated statements of profits and loss, (f) subject to Agent’s approval, which may be granted or withheld in its reasonable credit judgment, any extraordinary, unusual, or non-recurring cash expenses or losses to the extent not
included in the determination of operating income on the Borrower’s consolidated statements of profits and losses exceeding $500,000 in the aggregate, (g) any extraordinary, unusual, or non-recurring non-cash expenses and/or losses not
included in the determination of operating income on the Borrower’s consolidated statements of 

  
 8 

 
profits and loss, and (h) any extraordinary, unusual, or non-recurring non-cash expenses and/or losses included in the determination of operating income on the Borrower’s consolidated
statements of profits and loss, plus, to the extent not included in the calculation of Net Income, the amount of dividends and distributions paid by the Excluded Entities to Borrower during such period minus the sum of (j) any non-cash
unrealized derivative income during such period, (k) any extraordinary, unusual or non-recurring cash or non-cash income and/or gains not included in the determination of operating income on the Borrower’s consolidated statements of
profits and loss, (l) any extraordinary, unusual, or non-recurring non-cash income and/or gains included in the determination of operating income on the Borrower’s consolidated statements of profits and loss, all as determined on a
consolidated basis for Borrower and its Subsidiaries (excluding the Excluded Entities except where an Excluded Entity is specifically included in the calculation) in accordance with GAAP. 

For items included in (h) & (l) above, for the avoidance of doubt, to the extent that any such non-cash expenses
and/or losses require cash payments in subsequent periods, or if such non-cash income and/or gains results in the receipt of cash in subsequent periods, such cash amounts shall be included in the calculation of Consolidated EBITDA in the periods in
which such cash payments occur. 
 “Consolidated Funded Debt” shall mean at any date the aggregate amount of all
Funded Debt of the Credit Parties at such date, determined on a Consolidated basis. 
 “Contractual Obligation”
shall mean, as to any Person, any provision of any security issued by such Person or of any material agreement, instrument or other undertaking to which such Person is a party or by which it or any of its property is bound. 

“Covenant Compliance Report” shall mean the report to be furnished by the Borrower to the Agent pursuant to
Section 7.2(a) hereof, substantially in the form attached hereto as Exhibit J and certified by a Responsible Officer of the Borrower, in which report the Borrower shall set forth the information specified therein and which shall include a
statement of then applicable level for the Applicable Margin and Applicable Fee Percentages as specified in Annex I attached to this Agreement. 

“Covered Entity” shall mean (a) each Credit Party, any other Persons that guaranty the Indebtedness and/or
pledge collateral to secure the Indebtedness, (b) each Person that, directly or indirectly, is in control of a Person described in clause (a) above, and (c) all brokers or other agents of any Credit Party acting in any capacity in
connection with this Agreement. For purposes of this definition, control of a Person shall mean the direct or indirect (x) ownership of, or power to vote, 25% or more of the issued and outstanding equity interests having ordinary voting power
for the election of directors of such Person or other Persons performing similar functions for such Person, or (y) power to direct or cause the direction of the management and policies of such Person whether by ownership of equity interests,
contract or otherwise. 
 “Credit Parties” shall mean the Borrower and its Subsidiaries, and “Credit
Party” shall mean any one of them, as the context indicates or otherwise requires. In addition, for purpose of Section 9, Credit Party shall be deemed to include Parent. 

  
 9 

 “Daily [Adjusting LIBOR Rate” shall mean]Simple
SOFR” means, for any day[ a per annum
interest], SOFR, with the conventions for this rate (which [is equal to the quotient of the
following:] 
  

	 	[(a)	 the LIBOR Rate;] 

 

	 	[	 divided by] 

 

	 	[(b)	 a percentage (expressed as a decimal) equal to 1.00 minus the maximum rate on such date at
which Agent is required to maintain reserves on “Euro-currency Liabilities” as defined in and pursuant to Regulation D of the Board of Governors of the Federal Reserve System or, if such regulation or definition is modified, and as long as
Agent is required to maintain reserves against a category of liabilities which includes eurodollar deposits or includes a category of assets which includes eurodollar loans, the rate at which such reserves are required to be maintained on such
category;] 

[such sum to be rounded upward, if necessary, in
the discretion of the Agent, to the seventh decimal place.]will include a lookback) being established by the
Agent in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for determining “Daily Simple SOFR” for syndicated business loans; provided that if the Agent decides that any such convention
is not administratively feasible for the Agent, then the Agent may establish another convention in its reasonable discretion. 

“Debt” shall mean as to any Person, without duplication (a) all Funded Debt of a Person, (b) all Guarantee
Obligations of such Person, (c) all obligations of such Person under conditional sale or other title retention agreements relating to property or assets purchased by such Person, (d) all indebtedness of such Person arising in connection
with any Hedging Transaction entered into by such Person, (e) all recourse Debt of any partnership of which such Person is the general partner, and (f) any Off Balance Sheet Liabilities. 

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

“Default” shall mean any event that with the giving of notice or the passage of time, or both, would constitute an
Event of Default under this Agreement. 
 “Defaulting Lender” shall mean any Lender that (a) has failed to
(i) fund all or any portion of its Advances within two (2) Business Days of the date such Advances were required to be funded hereunder unless such Lender notifies the Agent and the Borrower in writing that such failure is the result of
such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay
to the Agent, any Issuing Lender, any Swing Line Lender or any other Lender any other amount required to be paid by it 

  
 10 

 
hereunder (including in respect of its participation in Letters of Credit or Swing Line Advances) within two (2) Business Days of the date when due, (b) has notified the Borrower, the
Agent or any Issuing Lender or Swing Line Lender in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement is based on such
Lender’s good faith 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) has not been satisfied),
(c) has failed, within three Business Days after written request by the Agent or the Borrower, to confirm in writing to the Agent and the Borrower that it will comply with its prospective funding obligations hereunder (provided that such
Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Agent and the Borrower), or (d) has, or has a direct or indirect parent company that has, (i) become the subject
of a proceeding under any Debtor Relief Law, (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its
business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity, or (iii) become the subject of a Bail-In Action; provided that a Lender shall not be a
Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority, so long as such ownership interest does not result in or provide
such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or
disaffirm any contracts or agreements made with such Lender. Any determination by the Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above shall be conclusive and binding absent manifest error,
and such Lender shall be deemed to be a Defaulting Lender upon delivery of written notice of such determination to the Borrower, each Issuing Lender, each Swing Line Lender and each Lender. 

“Default
 Rate” shall mean (before as well as after judgment) (a) when used with respect to any Indebtedness other than Letter of Credit Fees, an interest rate per annum equal to the sum of (i) the Base Rate plus (ii) the Applicable
Margin, if any, applicable to Base Rate Advances plus (iii) 3% per annum; provided, however, that with respect to any BSBY Rate Advance (and subject to Sections 2.8 and 4.5), the Default Rate shall be an interest rate per annum equal to
the interest rate (including any Applicable Margin) otherwise applicable to such Advance plus 3% per annum, and (b) when used with respect to Letter of Credit Fees, a rate per annum equal to the Applicable Fee Percentage plus 3% per
annum; in each case, to the fullest extent permitted by applicable law. 
 “Distribution” is
defined in Section 8.5 hereof. 
 “Distribution Conditions” shall mean (i) no Default or Event of
Default shall have occurred and be continuing, (ii) after giving effect to the Distribution, (A) the Total Leverage Ratio shall have a 0.5x cushion from the then applicable ratio under Section 7.9(b), (B) no Default or Event of
Default shall have occurred and be continuing, and (C) the Fixed Charge Coverage Ratio shall have a 0.3x cushion from the then applicable ratio under Section 7.9(a), (iii) Agent shall have received a certification from Borrower in
form and detail reasonably acceptable to Agent certifying that Borrower expects to comply with the provisions of Section 7.9 hereof for the period equal to 

  
 11 

 
the next succeeding twelve months (after giving effect to the Distribution), and (iv) Agent shall have received evidence reasonably satisfactory to Agent that both before such Distribution
and after giving effect thereto, Liquidity is at least $5,000,000. 
 “Dividing Person” is defined in the definition of “Division”. 

“Division”
 shall mean the division of the assets, liabilities and/or obligations of a Person (the “Dividing Person”) among two or more Persons (whether pursuant to a “plan of division” or similar arrangement), which may or may not include
the Dividing Person and pursuant to which the Dividing Person may or may not survive.  
 “Division Successor” shall mean any Person that, upon the consummation of a Division of a Dividing Person, holds all or any portion
of the assets, liabilities and/or obligations previously held by such Dividing Person immediately prior to the consummation of such Division. A Dividing Person which retains any of its assets, liabilities and/or obligations after a Division shall be
deemed a Division Successor upon the occurrence of such Division. 
 “Dollars” and the sign
“$” shall mean lawful money of the United States of America. 
 “Domestic Subsidiary” shall mean
any Subsidiary of the Borrower (other than a FSHCO) incorporated or organized under the laws of the United States of
America, or any state or other political subdivision thereof[ or which is considered to be a “disregarded entity” for United States federal income tax purposes and which
is not a “controlled foreign corporation” as defined under Section 957 of the Internal Revenue Code, in each
case], provided such Subsidiary is owned by the Borrower or a Domestic Subsidiary of the
Borrower, and “Domestic Subsidiaries” shall mean any or all of them. 
 [“EBITDA Credit” shall mean with respect to (a) the Galveston project, $1,699,685 as of August 1, 2019 and shall reduce by $141,640.42 as of the last day of each month
commencing on the earlier to occur of (1) the last day of the month occurring after the month during which commercial operation of the Galveston project commences and (2) November 30, 2019, (b) the Bettencourt project, $4,391,368
as of August 1, 2019 and shall reduce by $365,947.34 as of the last day of each month commencing on the earlier to occur of (1) the last day of the month occurring after the month during which commercial operation of the Bettencourt
project commences and (2) February 29, 2020, and (c) the Coastal Plains project, $1,549,757 as of August 1, 2019 and shall reduce by $129,146.42 as of the last day of each month commencing on the earlier to occur of (1) the
last day of the month occurring after the month during which commercial operation of the Coastal Plains project commences and (2) February 29, 2020.
[per Second Amendment]] 

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

  
 12 

 “EEA Member Country” means any of the member states of the
European Union, Iceland, Liechtenstein, and Norway. 
 “EEA Resolution Authority” means any public administrative
authority or any person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Effective Date” shall mean the date on which all the conditions precedent set forth in Sections 5.1 and 5.2 have
been satisfied. 
 “Electronic Transmission” shall mean each document, instruction, authorization, file,
information and any other communication transmitted, posted or otherwise made or communicated by e-mail or E-Fax, or otherwise to or from an E-System or other equivalent service. 

“Eligible Assignee” shall mean (a) a Lender; (b) an Affiliate of a Lender; (c) any Person (other than
a natural person) that is or will be engaged in the business of making, purchasing, holding or otherwise investing in commercial loans or similar extensions of credit in the ordinary course of its business, provided that such Person is administered
or managed by a Lender, an Affiliate of a Lender or an entity or Affiliate of an entity that administers or manages a Lender; or (d) any other Person (other than a natural person) approved by the (i) the Agent (and in the case of an
assignment of a commitment under the Revolving Credit, the Issuing Lender and Swing Line Lender), and (ii) unless an Event of Default has occurred and is continuing, the Borrower (each such approval not to be unreasonably withheld or delayed),
provided that the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Agent within five (5) Business Days after having received notice thereof; provided
further that (x) notwithstanding the foregoing, “Eligible Assignee” shall not include the Borrower, or any of the Borrower’s Affiliates or Subsidiaries; and (y) no assignment shall be made to a Defaulting Lender (or
any Person who would be a Defaulting Lender if such Person was a Lender hereunder) without the consent of the Agent, and in the case of an assignment of a commitment under the Revolving Credit, the Issuing Lender and the Swing Line Lender. 

“Employee
 Benefit Plan” shall mean any employee benefit plan as defined in Section 3(3) of ERISA and any other material employee benefit plan, program or arrangement, in any case, maintained for employees of the Borrower or any Subsidiary, or with
respect to which the Borrower or any Subsidiary is required to contribute on behalf of any of its employees or with respect to which the Borrower has any liability.  

“Environmental
 Liability” shall mean any liability or obligation of any Person, contingent or otherwise (including any liability for damages, costs of environmental remediation, fines, penalties or indemnities), directly or indirectly, resulting from or
based upon (a) violation of any Hazardous Materials Law, (b) the generation, use, handling, transportation, storage, treatment, disposal or permitting or arranging for the disposal of any Hazardous Materials, (c) exposure to any
Hazardous Materials, (d) the release or threatened release of any Hazardous Materials or (e) any contract, agreement or other consensual arrangement pursuant to which liability is assumed or imposed with respect to any of the
foregoing. 

  
 13 

“Employee
 Pension Benefit Plan” shall have the meaning set forth in Section 3(2) of ERISA. 
 “Equity
Interest” shall mean (i) in the case of any corporation, all capital stock and any securities exchangeable for or convertible into capital stock, (ii) in the case of an association or business entity, any and all shares, interests,
participations, rights or other equivalents of corporate stock (however designated) in or to such association or entity, (iii) in the case of a partnership or limited liability company, partnership or membership interests (whether general or
limited) and (iv) any other interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distribution of assets of, the issuing Person, and including, in all of the foregoing cases described
in clauses (i), (ii), (iii) or (iv), any warrants, rights or other options to purchase or otherwise acquire any of the interests described in any of the foregoing cases. 

“ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended[,] or [any successor act or code]modified, and
the rules and regulations [in effect from time
to time]promulgated thereunder.  

“ERISA
 Affiliate” shall mean any trade or business (whether or not incorporated) under common control with the Borrower within the meaning of Section 414(b) or (c) of the Internal Revenue Code (and Sections 414(m) and (o) of the
Internal Revenue Code for purposes of provisions relating to Section 412 of the Internal Revenue Code or Section 302 of ERISA). 

“ERISA
 Event” shall mean (a) a Reportable Event with respect to a Pension Plan; (b) the failure by the Borrower or any ERISA Affiliate to meet all applicable requirements under the Pension Funding Rules or the filing of an application for
the waiver of the minimum funding standards under the Pension Funding Rules; (c) the incurrence by the Borrower or any ERISA Affiliate of any liability pursuant to Section 4063 or 4064 of ERISA or a cessation of operations with respect to
a Pension Plan within the meaning of Section 4062(e) of ERISA; (d) a complete or partial withdrawal by the Borrower or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is insolvent (within the meaning
of Title IV of ERISA); (e) the filing of a notice of intent to terminate a Pension Plan under, or the treatment of a Pension Plan amendment as a termination under, Section 4041 of ERISA; (f) the institution by the PBGC of proceedings
to terminate a Pension Plan; (g) any event or condition that constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan; (h) the determination that any
Pension Plan is in at-risk status (within the meaning of Section 430 of the Internal Revenue Code or Section 303 of ERISA) or that a Multiemployer Plan is in endangered or critical status (within the meaning of Section 432 of the
Internal Revenue Code or Section 305 of ERISA); (i) the imposition or incurrence of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon the Borrower or any ERISA
Affiliate; (j) the engagement by the Borrower or any ERISA Affiliate in a transaction that could be subject to Section 4069 or Section 4212(c) of ERISA; (k) the imposition of a lien upon the Borrower pursuant to
Section 430(k) of the Internal Revenue Code or Section 303(k) of ERISA; or (l) the making of an amendment to a Pension Plan that could result in the posting of bond or security under Section 436(f)(1) of the Internal Revenue
Code. 

  
 14 

“Erroneous
 Payments” is defined in Section 10.5 hereof. 
 “E-System” shall mean any electronic
system and any other Internet or extranet-based site, whether such electronic system is owned, operated, hosted or utilized by the Agent, any of its Affiliates or any other Person, providing for access to data protected by passcodes or other
security system. 
 “EU Bail-In Legislation Schedule” means the EU Bail-In Legislation Schedule published by the
Loan Market Association (or any successor person), as in effect from time to time. 
 [“Eurodollar-based Advance” shall mean any Advance which bears interest at the Eurodollar-based Rate.] 

[“Eurodollar-based Rate” shall mean a
per annum interest rate which is equal to the sum of the Applicable Margin, plus the quotient of:] 
  

	 	[(a)	 the LIBOR Rate, divided by] 

 

	 	[(b)	 a percentage equal to 100% minus the maximum rate on such date at which the Agent is required
to maintain reserves on ‘Eurocurrency Liabilities’ as defined in and pursuant to Regulation D of the Board of Governors of the Federal Reserve System or, if such regulation or definition is modified, and as long as the Agent is required to
maintain reserves against a category of liabilities which includes eurocurrency deposits or includes a category of assets which includes eurocurrency loans, the rate at which such reserves are required to be maintained on such
category,] 

 [such sum to be
rounded upward, if necessary, in the discretion of the Agent, to the seventh decimal place.] 

[“Eurodollar-Interest Period” shall
mean, for any Eurodollar-based Advance, an Interest Period of one, two or three months (or any shorter or longer periods agreed to in advance by the Borrower, the Agent and the Lenders) as selected by the Borrower, for such Eurodollar-based Advance
pursuant to Section 2.3 or 4.4 hereof, as the case may be.] 
 [“Eurodollar Lending Office” shall mean, (a) with respect to the Agent, the Agent’s office located at its Grand Caymans Branch or such other branch of the Agent, domestic
or foreign, as it may hereafter designate as its Eurodollar Lending Office by written notice to the Borrower and the Lenders and (b) as to each of the Lenders, its office, branch or affiliate located at its address set forth on the signature
pages hereof (or identified thereon as its Eurodollar Lending Office), or at such other office, branch or affiliate of such Lender as it may hereafter designate as its Eurodollar Lending Office by written notice to the Borrower and the
Agent.] 
 “Event of Default” shall mean each of the Events of Default specified in
Section 9.1 hereof. 

  
 15 

 “Excess Cash Flow” shall mean for any Fiscal Year of Borrower, an
amount equal to Net Income for such Fiscal Year, plus to the extent deducted in determining Net Income, depreciation and amortization expense and other non-cash charges of Borrower and its Subsidiaries (other than the Excluded Entities) for such
year, plus or minus, as applicable, the Working Capital Adjustment, minus unfinanced Capital Expenditures (other than unfinanced Capital Expenditures of the Excluded Entities) during such period, minus scheduled payments and mandatory and optional
prepayments of long-term Funded Debt of Borrower and its Subsidiaries (other than the Excluded Entities) paid during such period (excluding all payments on the Revolving Credit during such Fiscal Year, but only to the extent such payments did not
permanently reduce the Revolving Credit Aggregate Commitment). 
 “Excluded Entities” or “Excluded
Entity” shall initially mean Red Top and shall include such other Subsidiaries of Borrower as determined to be Excluded Entities by mutual agreement of Borrower and Agent. 

“Excluded Swap Obligation” shall mean any obligation of any Credit Party to any Lender with respect to a
“swap,” as defined in Section 1a(47) of the Commodity Exchange Act (“CEA”), if and to the extent that such Credit Party’s guaranteeing of, or granting of a security interest or lien to secure, such swap obligation, is
or becomes illegal under the CEA, or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof), by virtue of such Credit Party’s failure for any reason to constitute
an “eligible contract participant,” as defined in Section 1a(18) of the CEA and the regulations thereunder, at the time such guarantee or such security interest grant becomes effective with respect to such swap obligation. If any such
swap obligation arises under a master agreement governing more than one swap, the foregoing exclusion shall apply only to those swap obligations that are attributable to swaps in respect of which such Credit Party’s guaranteeing of, or granting
of a security interest or lien to secure, such swaps is or becomes illegal. 
 “Excluded Taxes” shall mean any of
the following Taxes imposed on or with respect to a Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes,
in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any
political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a
loan or Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the loan or Commitment (other than pursuant to an assignment request by the Borrower under Section 13.12) or (ii) such
Lender changes its lending office, except in each case to the extent that amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before
it changed its lending office, (c) Taxes attributable to such Recipient’s failure to comply with Section 13.13 and (d) any U.S. federal withholding Taxes imposed under FATCA. 

“FATCA” shall mean
[sections]Sections
 1471 through 1474 of the Internal Revenue Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), [and ]any current or future 

  
 16 

 
regulations or official interpretations thereof, any [agreement]agreements entered into pursuant to Section 1471(b)(1) of the Internal Revenue Code[, any intergovernmental agreement entered into in connection with the implementation of such Sections of the Code] and any fiscal or regulatory legislation, rules or
practices adopted pursuant to
[such]any intergovernmental
agreement, treaty or convention among Governmental Authorities and implementing such Sections of the Internal Revenue
Code. 
 “Federal
Funds[ Effective] Rate” shall mean, for any day, a fluctuating interest rate per annum equal 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 which 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 the Agent, all as
conclusively determined by the Agent, such sum to be rounded upward, if necessary, in the discretion of the Agent, to the nearest whole multiple of 1/100th of
1%; provided that if the Federal Funds Rate as so determined would be less than 0%, such rate shall be deemed to be 0% for purposes
of this Agreement. 
 “Fee Letter” shall mean the fee letter dated October [10]19, [2018]2021 by and between Borrower and
Comerica relating to the Indebtedness hereunder, as amended, restated, replaced, supplemented or otherwise modified
from time to time. 
 “Fees” shall mean the Revolving Credit Facility Fee, the Letter of Credit Fees and
the other fees and charges (including any agency fees) payable by the Borrower to the Lenders, the Issuing Lender or the Agent hereunder or under the Fee Letter. 

“Final Maturity Date” shall mean the last to occur of (i) the Revolving Credit Maturity Date and (ii) the
Term Loan Maturity Date. 
 “Fiscal Year” shall mean the twelve-month period ending on each March 31, or as
may be amended by Borrower upon (a) written notice to and with written approval of Agent (subject to such amendments to this Agreement as may be required by Agent in its sole discretion). 

“Fixed Charge Coverage Ratio” shall mean as of any date of determination, a ratio, the numerator of which is
Consolidated EBITDA for the Applicable Measuring Period ending on such date of determination, minus taxes paid in cash during such period, minus Tax Distributions made by Borrower and its Subsidiaries (other than the Excluded Entities) during such
period, minus Maintenance Capital Expenditures (other than Maintenance Capital Expenditures of the Excluded Entities) during such period, and the denominator of which is Fixed Charges for such period. [Notwithstanding anything set forth above, for (a) the determination dates ending March 31, 2019, June 30, 2019 and September 30, 2019, Maintenance Capital
Expenditures in an aggregate amount not to exceed $12,000,000 shall not be deducted from Consolidated EBITDA and (b) the amount of the Term Loan principal payments for the March 1, 2019, June 1, 2019 and September 1, 2019
payment dates shall be deemed to be $2,500,000. [per First
Amendment] [per Second Amendment] ] 

  
 17 

 “Fixed Charges” shall mean for any period of determination, the
sum of scheduled principal payments due and payable with respect to any indebtedness of Borrower and its Subsidiaries (other than the Excluded Entities) (including the principal component of scheduled payments under Capital Leases) during such
period, plus cash interest expense of Borrower and its Subsidiaries (other than the Excluded Entities) during such period (including the interest component of scheduled payments under Capital Leases), plus dividends and distributions (other than Tax
Distributions) paid by Borrower and its Subsidiaries (other than the Excluded Entities) to their members (excluding distributions by a Subsidiary to another Subsidiary or to Borrower) during such period, plus Purchases made during such period, all
as determined on a consolidated basis in accordance with GAAP. 
 [“Foreign Subsidiary” shall mean any Subsidiary, other than a Domestic Subsidiary, and “Foreign Subsidiaries” shall mean any or all of them.]

“Flood
 Hazard Zone” shall mean an area designated by the Federal Emergency Management Agency as having special flood or mudslide hazards. 

“Flood
 Laws” shall mean collectively, (i) the National Flood Insurance Reform Act of 1994 (which comprehensively revised the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973) as now or hereafter in effect or any
successor statute thereto, (ii) the Flood Insurance Reform Act of 2004 as now or hereafter in effect or any successor statute thereto and (iii) the Biggert-Waters Flood Insurance Reform Act of 2012 as now or hereafter in effect or any
successor statute thereto. 

“Foreign
 Lender” shall mean (a) if the Borrower is a U.S. Person, a Lender that is not a U.S. Person, and (b) if the Borrower is not a U.S. Person, a Lender that is resident or organized under the laws of a jurisdiction other than that in
which the Borrower is resident for tax purposes. 
 “Foreign Plan” shall mean any employee pension benefit plan, program, policy, arrangement or agreement maintained or contributed to
by any Credit Party with respect to employees employed outside the United States (other than any governmental arrangement). 

“Fronting Exposure” shall mean, at any time there is [an]a Defaulting Lender, (a) with
respect to the Issuing Lender, such Defaulting Lender’s Percentage of the outstanding Letter of Credit Obligations with respect to Letters of Credit issued by such Issuing Lender, and (b) with respect to the Swing Line Lender, such
Defaulting Lender’s Percentage of outstanding Swing Line Advances made by the Swing Line Lender. 
 [“Fuel Supply Agreements” shall mean each of the agreements listed on Schedule 1.2 pursuant to which any Guarantor obtains landfill gas from the owners of
such landfill gas and any other such agreements for gas rights entered into after the date of this Agreement.] 

“FSHCO”
 means any direct or indirect Domestic Subsidiary that has no material assets other than equity and/or debt of one or more direct or indirect Foreign Subsidiaries. 

  
 18 

 “Funded Debt” of any Person shall mean, without duplication,
(a) all indebtedness of such Person for borrowed money or for the deferred purchase price of property or services as of such date (other than operating leases and trade liabilities incurred in the ordinary course of business and payable in
accordance with customary practices) or which is evidenced by a note, bond, debenture or similar instrument, (b) the principal component of all obligations of such Person under Capitalized Leases, (c) all reimbursement obligations (actual,
contingent or otherwise) of such Person in respect of letters of credit, bankers acceptances or similar obligations issued or created for the account of such Person, (d) all liabilities of the type described in (a), (b) and (c) above
that are secured by any Liens on any property owned by such Person as of such date even though such Person has not assumed or otherwise become liable for the payment thereof, the amount of which is determined in accordance with GAAP; provided
however that so long as such Person is not personally liable for any such liability, the amount of such liability shall be deemed to be the lesser of the fair market value at such date of the property subject to the Lien securing such liability and
the amount of the liability secured, and (e) all Guarantee Obligations in respect of any liability which constitutes Funded Debt; provided, however that Funded Debt shall not include any indebtedness under any Hedging Transaction prior to the
occurrence of a termination event with respect thereto. 
 “GAAP” shall mean, subject to Section 13.1(a), as of any applicable date of determination, generally accepted accounting principles in the
United States of America, as applicable on such date, consistently applied, as in effect on the Effective Date. 

“Governmental Authority” shall mean the government of the United States of America or any other nation, or of any
political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or
functions of or pertaining to government (including without limitation any supranational bodies such as the European Union or the European Central Bank) and any group or body charged with setting financial accounting or regulatory capital rules or
standards (including, without limitation, the Financial Accounting Standards Board, the Bank for International Settlements or the Basel Committee on Banking Supervision or any successor or similar authority to any of the foregoing). 

“Governmental Obligations” shall mean noncallable direct general obligations of the United States of America or
obligations the payment of principal of and interest on which is unconditionally guaranteed by the United States of America. 

“Guarantee Obligation” shall mean as to any Person (the “guaranteeing person”) any obligation of the
guaranteeing Person in respect of any obligation of another Person (the “primary obligor”) (including, without limitation, any bank under any letter of credit), the creation of which was induced by a reimbursement agreement, guaranty
agreement, keepwell agreement, purchase agreement, counterindemnity or similar obligation issued by the guaranteeing person, in either case guaranteeing or in effect guaranteeing any Debt, leases, dividends or other obligations (the “primary
obligations”) of the primary obligor in any manner, whether directly or indirectly, including, without limitation, any obligation of the guaranteeing person, whether or not contingent, (i) to purchase any such primary obligation or any
property constituting direct or indirect security therefor, (ii) to advance or supply funds (1) for the purchase or payment of any such primary obligation or (2) to maintain working capital or equity capital of the primary obligor or
otherwise 

  
 19 

 
to maintain the net worth or solvency of the primary obligor, (iii) to purchase property, securities or services primarily for the purpose of assuring the owner of any such primary
obligation of the ability of the primary obligor to make payment of such primary obligation or (iv) otherwise to assure or hold harmless the owner of any such primary obligation against loss in respect thereof; provided, however, that the term
Guarantee Obligation shall not include endorsements of instruments for deposit or collection in the ordinary course of business. The amount of any Guarantee Obligation of any guaranteeing person shall be deemed to be the lower of (a) an amount
equal to the stated or determinable amount of the primary obligation in respect of which such Guarantee Obligation is made and (b) the maximum amount for which such guaranteeing person may be liable pursuant to the terms of the instrument
embodying such Guarantee Obligation, unless such primary obligation and the maximum amount for which such guaranteeing person may be liable are not stated or determinable, in which case the amount of such Guarantee Obligation shall be such
guaranteeing person’s maximum reasonably anticipated liability in respect thereof as determined by the applicable Person in good faith. 

“Guarantor(s)” shall mean Parent and each Subsidiary of the Borrower which has executed and delivered to the Agent a
Guaranty (or a joinder to a Guaranty), and a Security Agreement (or a joinder to the Security Agreement). 

“Guaranty” shall mean, collectively, the guaranty agreements executed and delivered by the applicable Guarantors on
the Effective Date pursuant to Section 5.1 hereof and those guaranty agreements executed and delivered from time to time after the Effective Date (whether by execution of joinder agreements or otherwise) pursuant to Section 7.13 hereof or
otherwise, in each case in the form attached hereto as Exhibit I, as amended, restated or otherwise modified from time to time. 

“Hazardous Material” shall mean any hazardous or toxic waste, substance or material defined or regulated as such in
or for purposes of the Hazardous Material Laws. 
 “Hazardous Material Law(s)” shall mean all laws, codes,
ordinances, rules, regulations and other governmental restrictions and requirements having the force of law issued by
any federal, state, local or other [governmental or quasi-]governmental authority or body (or any agency, instrumentality or political subdivision thereof)
pertaining to any substance or material which is regulated for reasons of health, safety or the environment and which is present or alleged to be present on or about or used in any facilities owned, leased or operated by any Credit Party, or any
portion thereof including, without limitation, those relating to soil, surface, subsurface ground water conditions and the condition of the indoor and outdoor ambient air; any so-called “superfund” or “superlien” law; and any
other United States federal, state or local statute, law, ordinance, code, rule, regulation, or binding order or
decree regulating, relating to, or imposing liability or standards of conduct concerning, any Hazardous Material, as now or at any time during the term of the Agreement in effect. 

[“Hedged Facility” shall mean the
Revolving Credit and/or the Term Loan, as the case may be, to the extent that all or any portion of the principal amount of Advances in respect thereof bears interest at a rate based on the LIBOR Rate and is subject to any Specified Hedging
Agreement. ] 

  
 20 

[“Hedge-Affected Share” shall mean, as to
any Lender at any date of determination, its share of any Hedged Facility determined by multiplying the outstanding principal amount of that Lender’s Advances under such Hedged Facility by a fraction with a numerator equal to the current
notional amount of the Specified Hedging Agreements relating to such Hedged Facility and a denominator equal to the outstanding principal amount of all Advances under such Hedged Facility.] 

“Hedging Agreement” shall mean any agreement relating to a Hedging Transaction entered into between the Borrower and
any Lender or an Affiliate of a Lender. 
 “Hedging Transaction” means each interest rate swap transaction, basis
swap transaction, forward rate transaction, equity transaction, equity index transaction, foreign exchange transaction, cap transaction, floor transaction (including any option with respect to any of these transactions and any combination of any of
the foregoing). 
 “Hereof”, “hereto”, “hereunder” and similar terms shall refer to this
Agreement and not to any particular paragraph or provision of this Agreement. 
 “Indebtedness” shall mean all
indebtedness and liabilities (including without limitation principal, interest (including without limitation interest accruing at the then applicable rate provided in this Agreement or any other applicable Loan Document after an applicable maturity
date and interest accruing at the then applicable rate provided in this Agreement or any other applicable Loan Document after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding,
relating to the Credit Parties whether or not a claim for post-filing or post-petition interest is allowed in such proceeding), fees, expenses and other charges) arising under this Agreement or any of the other Loan Documents, whether direct or
indirect, absolute or contingent, of any Credit Party to any of the Lenders or Affiliates thereof or to the Agent, in any manner and at any time, whether arising under this Agreement, the Guaranty or any of the other Loan Documents (including
without limitation, payment obligations under Hedging Transactions evidenced by Hedging Agreements), due or hereafter to become due, now owing or that may hereafter be incurred by any Credit Party to any of the Lenders or Affiliates thereof or to
the Agent, and which shall be deemed to include protective advances made by the Agent with respect to the Collateral under or pursuant to the terms of any Loan Document and any liabilities of any Credit Party to the Agent or any Lender arising in
connection with any Lender Products, in each case whether or not reduced to judgment, with interest according to the rates and terms specified, and any and all consolidations, amendments, renewals, replacements, substitutions or extensions of any of
the foregoing; provided, however that for purposes of calculating the Indebtedness outstanding under this Agreement or any of the other Loan Documents, the direct and indirect and absolute and contingent obligations of the Credit Parties (whether
direct or contingent) shall be determined without duplication. Notwithstanding the foregoing, the term “Indebtedness” shall not be deemed to include any Excluded Swap Obligation. 

“Indemnified Taxes” means (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made
by or on account of any obligation of any Credit Party under any Loan Document and (b) to the extent not otherwise described in (a), Other Taxes. 

“Indemnitee”
 is defined in Section 13.5(b) hereof. 

  
 21 

 “Initial Reinvestment Period” shall mean a 90-day period during
which Reinvestment must be commenced under Section 4.8(b) and (d) of this Agreement. 
 “Insurance
Proceeds” shall mean the cash proceeds received by any Credit Party from any insurer in respect of any damage or destruction of any property or asset net of reasonable and invoiced fees and out-of-pocket expenses (including without limitation
reasonable and invoiced outside attorneys fees and out-of-pocket expenses) incurred solely in connection with the recovery thereof. 

“Intercompany Note” shall mean any promissory note issued or to be issued by any Credit Party to evidence an
intercompany loan in form and substance reasonably satisfactory to the Agent. 
 [“Interconnection Agreements” means the interconnection agreements listed on Schedule 1.2 and any other interconnection agreement entered into after the
date of this Agreement.] 

“Interest
 Payment Date” shall mean (a) with respect to any Base Rate Advance, the first day of each calendar quarter and the applicable Maturity Date, (b) with respect to any BSBY Rate Advance, the last day of each Interest Period therefor and
the applicable Maturity Date and, in the case of any Interest Period of more than three months’ duration (if applicable), each day prior to the last day of such Interest Period that occurs at three month intervals after the first day of such
Interest Period, and the applicable Maturity Date[, and (c) with respect to any Quoted Rate Advance, the last day of each Interest Period therefor and the applicable Maturity Date, and, in the case of any Interest Period of more than three
months’ duration (if applicable), each day prior to the last day of such Interest Period that occurs at three month intervals after the first day of such Interest Period, and the applicable Maturity Date. 

“Interest Period” shall mean (a) with respect to a [Eurodollar-based]BSBY Rate Advance,
[a Eurodollar-Interest Period, commencing on the day a Eurodollar-based Advance is made, or on the effective date of an election of the Eurodollar-based Rate made under
Section 2.3 or 4.4 hereof,]an interest period of one or three months (or, with the consent of all affected
Lenders, any shorter or longer periods (in each case subject to availability thereof)) as selected by the Borrower in any request for, conversion to, or continuation of, such BSBY Rate Advance, provided, however that the Borrower may only select one
month interest periods (unless the Agent otherwise consents) until the Agent has completed a successful syndication of the credit facilities hereunder, as determined in accordance with Fee Letter, and (b) with respect to a Swing
Line Advance carried at the Quoted Rate, an interest period of 30 days (or any lesser number of days agreed to in advance by the Borrower, the Agent and the Swing Line Lender); provided, however, in each case, that (i) any Interest Period which would otherwise end on a day which is not a Business Day shall end on
the next succeeding Business Day, except that as to an Interest Period in respect of a [Eurodollar-based]BSBY Rate Advance, if the next succeeding Business Day falls in another calendar month, such Interest Period shall end on the
next preceding Business Day, (ii) when an Interest Period in respect of a
[Eurodollar-based]BSBY Rate
Advance begins on the last Business Day of a calendar month (or on a day which has no numerically corresponding day
in the calendar month during which such Interest Period is to end), it shall end on the last Business Day of [such]the 

  
 22 

 
calendar month during which such Interest Period ends, [and ](iii) no Interest Period in respect of any Advance shall extend beyond the Revolving Credit Maturity
Date, or the Term Loan Maturity Date, as
applicable, and (iv) no tenor that has been removed from this definition pursuant to Section 11.3(c) shall be available
for election in any Request for Advance or Term Loan Rate Request. 
 “Internal
Control Event” shall mean a material weakness in, or fraud that involves management or other employees who have a significant role in, the Parent’s and/or its Subsidiaries’ internal controls over financial reporting, in each case as
described in the Securities Laws. [[per Third
Amendment]] 

“Internal Revenue Code” shall mean the Internal Revenue Code of 1986 of the United States of America, as amended
from time to time, and the regulations promulgated thereunder. 
 “Inventory” shall mean any inventory as defined
under the UCC. 
 “Investment” shall mean, when used with respect to any Person, (a) any loan, investment or
advance made by such Person to any other Person (including, without limitation, any Guarantee Obligation) in respect of any Equity Interest, Debt, obligation or liability of such other Person and (b) any other investment made by such Person
(however acquired) in Equity Interests in any other Person, including, without limitation, any investment made in exchange for the issuance of Equity Interest of such Person and any investment made as a capital contribution to such other Person.

 “IPO” shall mean the initial public offering of the common stock of Parent to the public as
described in the Registration Statement. [[per Third
Amendment]] 

“Issuing Lender” shall mean Comerica Bank in its capacity as issuer of one or more Letters of Credit hereunder, or
another Lender designated as its successor designated by the Borrower and the Revolving Credit Lenders. 
 “Issuing
Office” shall mean such office as Issuing Lender shall designate as its Issuing Office. 
 “Lender Products”
shall mean any one or more of the following types of services or facilities extended to the Credit Parties by any Lender: (i) credit cards, (ii) credit card processing services, (iii) debit cards, (iv) purchase cards,
(v) Automated Clearing House (ACH) transactions, (vi) cash management, including controlled disbursement services, and (vii) establishing and maintaining deposit accounts. 

“Lenders” shall have the meaning set forth in the preamble, and shall include the Revolving Credit Lenders, the Term
Loan Lenders, the Swing Line Lender and any assignee which becomes a Lender pursuant to Section 13.8 hereof. 

“Letter of Credit Agreement” shall mean, collectively, the letter of credit application and related documentation
executed and/or delivered by the Borrower in respect of each Letter of Credit, in each case reasonably satisfactory to the Issuing Lender, as amended, restated or otherwise modified from time to time. 

  
 23 

 “Letter of Credit Documents” shall have the meaning ascribed to
such term in Section 3.7(a) hereof. 
 “Letter of Credit Fees” shall mean the fees payable in connection with
Letters of Credit pursuant to Section 3.4(a) and (b) hereof. 
 “Letter of Credit Maximum Amount” shall
mean Fifteen Million Dollars ($15,000,000). 
 “Letter of Credit Obligations” shall mean at any date of
determination, the sum of (a) the aggregate undrawn amount of all Letters of Credit then outstanding, and (b) the aggregate amount of Reimbursement Obligations which remain unpaid as of such date. 

“Letter of Credit Payment” shall mean any amount paid or required to be paid by the Issuing Lender in its capacity
hereunder as issuer of a Letter of Credit as a result of a draft or other demand for payment under any Letter of Credit. 

“Letter(s) of Credit” shall mean any standby letters of credit issued by Issuing Lender at the request of or for the
account of the Borrower pursuant to Article 3 hereof. 

[“LIBOR Rate” shall mean the per annum
rate of interest determined on the basis of the rate for deposits in United States Dollars for a period equal to the relevant Eurodollar-Interest Period, commencing on the first day of such Eurodollar-Interest Period, appearing on Page BBAM of the
Bloomberg Financial Markets Information Service at or about 11:00 a.m. (London, England time) (or soon thereafter as practical) on the Applicable Reference Date. In the event that such rate does not appear on Page BBAM of the Bloomberg Financial
Markets Information Service (or otherwise on such Service), the “LIBOR Rate” shall be determined by reference to such other publicly available service for displaying LIBOR rates as may be agreed upon by the Agent and the Borrower, or, in
the absence of such agreement, the “LIBOR Rate” shall, instead, be the per annum rate equal to the average (rounded upward, if necessary, to the nearest one-sixteenth of one percent (1/16%)) of the rate at which the Agent is offered
dollar deposits at or about 11:00 a.m. (Detroit, Michigan time) (or soon thereafter as practical) on the Applicable Reference Date in the interbank LIBOR market in an amount comparable to the principal amount of the relevant Eurodollar-based Advance
which is to bear interest at such Eurodollar-based Rate and for a period equal to the relevant Eurodollar-Interest Period. Notwithstanding the foregoing, in no event shall the LIBOR Rate be less than the Applicable Floor. [per Third Amendment]] 

“Lien” shall mean any security interest in or lien on or against any property arising from any pledge, assignment,
hypothecation, mortgage, security interest, deposit arrangement, trust receipt, conditional sale or title retaining contract, sale and leaseback transaction, Capitalized Lease, consignment or bailment for security, or any other type of lien, charge,
encumbrance, title exception, preferential or priority arrangement affecting property (including with respect to stock, any stockholder agreements, voting rights agreements, buy-back agreements and all similar arrangements), whether based on common
law or statute. 
 “Liquidity” shall mean as of any date of determination thereof an amount equal to unused
Revolving Credit Availability as of such date, plus the amount of Borrower’s unrestricted cash as of such date (excluding any cash subject to a Lien other than a Lien in favor of Agent), minus the

  
 24 

 
aggregate amount of Borrower’s and its Subsidiaries’ accounts payable aged over 60 days as of such date. 

“Loan Documents” shall mean, collectively, this Agreement, the Notes (if issued), the Letter of Credit
Agreements, the Letters of Credit, the Guaranty, the Subordination Agreements, the Collateral Documents, [each Hedging Agreement, ]and any other documents,
certificates or agreements that are executed and required to be delivered pursuant to any of the foregoing documents, as such documents may be amended, restated or otherwise modified from time to time. 

“Maintenance Capital Expenditures” shall mean with respect to any period all Capital Expenditures of Borrower or any
of its Subsidiaries during such period made to replace, repair or refurbish existing equipment and facilities of Borrower or any of its Subsidiaries. 

“Majority Lenders” shall mean at any time, Lenders holding more than 50.0% of the sum of (i) the Revolving
Credit Aggregate Commitment (or, if the Revolving Credit Aggregate Commitment has been terminated (whether by maturity, acceleration or otherwise), the aggregate principal amount outstanding under the Revolving Credit), plus (ii) the aggregate
principal amount then outstanding under the Term Loan; provided that, for purposes of determining Majority Lenders hereunder, the Letter of Credit Obligations and principal amount outstanding under the Swing Line shall be allocated among the
Revolving Credit Lenders based on their respective Revolving Credit Percentages; provided further that so long as there are fewer than three Lenders, considering any Lender and its Affiliates as a single Lender, “Majority Lenders” shall
mean all Lenders. The Commitments of, and portion of the Indebtedness attributable to, any Defaulting Lender shall be excluded for purposes of making a determination of “Majority Lenders”; provided that the amount of any
participation in any Swing Line Advance and any Letter of Credit Obligations that a Defaulting Lender has failed to fund that have not been reallocated to and funded by another Lender shall be deemed to be held by the Lender that is the Swing Line
Lender or Issuing Lender, as the case may be, in making a determination under this definition. 
 “Majority Revolving
Credit Lenders” shall mean at any time, the Revolving Credit Lenders holding more than 50.0% of the Revolving Credit Aggregate Commitment (or, if the Revolving Credit Aggregate Commitment has been terminated (whether by maturity, acceleration
or otherwise), the aggregate principal amount then outstanding under the Revolving Credit); provided that, for purposes of determining Majority Revolving Credit Lenders hereunder, the Letter of Credit Obligations and principal amount outstanding
under the Swing Line shall be allocated among the Revolving Credit Lenders based on their respective Revolving Credit Percentages; provided further that so long as there are fewer than three Revolving Credit Lenders, considering any Revolving Credit
Lender and its Affiliates as a single Revolving Credit Lender, “Majority Revolving Credit Lenders” shall mean all Revolving Credit Lenders. The Commitments of, and portion of the Indebtedness attributable to, any Defaulting Lender shall be
excluded for purposes of making a determination of “Majority Revolving Credit Lenders”; provided that the amount of any participation in any Swing Line Advance and any Letter of Credit Obligations that a Defaulting Lender has failed
to fund that have not been reallocated to and funded by another Lender shall be deemed to be held by the Lender that is the Swing Line Lender or Issuing Lender, as the case may be, in making a determination under this definition. 

  
 25 

 “Majority Term Loan Lenders” shall mean at any time with respect
to the Term Loan, Term Loan Lenders holding more than 50.0% of the aggregate principal amount then outstanding under the Term Loan; provided however that so long as there are fewer than three Term Loan Lenders, considering any Term Loan Lender and
its Affiliates as a single Term Loan Lender, “Majority Term Loan Lenders” shall mean all Term Loan Lenders. The portion of the Indebtedness attributable to, any Defaulting Lender shall be excluded for purposes of making a determination of
“Majority Term Loan Lenders”. 
 “Material Adverse Effect” shall mean a material adverse effect on
(a) the condition (financial or otherwise), business, performance, operations, properties or prospects of the Credit Parties taken as a whole, (b) the ability of the Credit Parties (taken as a whole) to perform their obligations under this
Agreement, the Notes (if issued) or any other Loan Document to which any of them is a party, or (c) the validity or enforceability of this Agreement, any of the Notes (if issued) or any of the other Loan Documents or the rights or remedies of
the Agent or the Lenders hereunder or thereunder. 
 “Material Contract” shall mean [(i) ]each agreement or contract to which any Credit Party is a party [or in respect of which any
Credit Party has any liability, that by its terms (without reference to any indemnity or reimbursement provision therein) provides for aggregate future guaranteed payments in respect of any such individual agreement or contract of at least
$1,000,000 and (ii) any other agreement or contract the loss of which would be reasonably likely to result in a Material Adverse Effect; provided that Material Contracts shall not be deemed to include any Pension Plans, collective bargaining
agreements, or casualty or liability or other insurance policies maintained in the ordinary course of business.] 

[“Material Project Documents” means the
Power Purchase Agreements, the Interconnection Agreements, the Fuel Supply Agreements, the Site Leases, and each other document listed on Schedule 1.2.]and that has been filed (or listed in a filing) with the Securities and Exchange Commission by Montauk Renewables, Inc. pursuant to
Regulation S-K, Item 601(b)(10) in its Annual Report on Form 10-K for the year ended December 31, 2020 or in its Quarterly Reports on Form 10-Q for the periods ended March 31, 2021, June 30, 2021 or September 30, 2021,
and any agreement or contract that has been subsequently filed (or listed in a subsequent filing) by Montauk Renewables, Inc. with the Securities and Exchange Commission, including, without limitation, all Material Project Documents.

“Material
 Projects” shall mean, collectively, any capital project of any Borrower or any of its Subsidiaries the aggregate cost of which (inclusive of capital costs expended prior to the acquisition, construction or expansion thereof) is reasonably
expected by the Borrowers to exceed, or exceeds, $5,000,000. 
 “Material Project Documents” shall mean, collectively, all power purchase agreements, interconnection agreements, fuel supply
agreements (including gas rights agreements) and site leases, in each case, in connection with any Material Project. 

  
 26 

“Maturity
 Date” shall mean the Revolving Credit Maturity Date or the Term Loan Maturity Date, as the context may dictate or require. 

“Maximum Optional Increase Amount” shall mean Seventy Five Million Dollars ($75,000,000). 

“MIRE Event”
 shall mean, if there are any Mortgaged Properties at such time, any increase, extension or renewal of any of the Commitments or Advances (excluding (i) any continuation or conversion of Advances, (ii) the making of any Advance or
(iii) the issuance, renewal or extension of Letters of Credit). 

“Mortgages” shall mean the mortgages, deeds of trust and any other similar documents related thereto or required
thereby executed and delivered by a Credit Party on the Effective Date pursuant to Section 5.1 hereof, if any, and executed and delivered after the Effective Date by a Credit Party pursuant to Section 7.13 hereof or otherwise, and
“Mortgage” shall mean any such document, as such documents may be amended, restated or otherwise modified from time to time. 

“Mortgaged
 Property” shall mean the real properties from time to time subject to a Mortgage. 

“Multiemployer Plan” shall mean
[a]any
 employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to which the Borrower or any ERISA Affiliate makes or is obligated to make contributions, during the preceding five plan years has made or been obligated to make
contributions, or has any liability. 
 “Multiple Employer Plan” shall mean an Employee Pension Benefit Plan
with respect to which [is a
multiemployer]the Borrower or any ERISA Affiliate is a
contributing sponsor, and that has two or more contributing sponsors at least two of whom are not under common control, as such a plan [as
defined]is described in Section [4001(a)(3)]4064 of ERISA. 

“Net Cash Proceeds” shall mean the aggregate cash payments received by any Credit Party from any Asset Sale, the
issuance of Equity Interests or the issuance of Subordinated Debt, as the case may be, net of the ordinary and customary direct costs incurred in connection with such sale or issuance, as the case may be, such as legal, accounting and investment
banking fees, sales commissions, and other third party charges, and net of property taxes, transfer taxes and any other taxes paid or payable by such Credit Party in respect of any sale or issuance. 

“Net Income” shall mean for any period of determination the net income (or loss) of Borrower and its Subsidiaries
(other than the Excluded Entities) for such period determined on a consolidated basis in accordance with GAAP. 
 “New
Lender Addendum” shall mean an addendum substantially in the form of Exhibit O attached hereto, to be executed and delivered by each Lender becoming a party to this Agreement pursuant to Section 2.13 or 4.10 hereof. 

“New Revolving Credit Lenders” shall have the meaning given to such term in Section 2.13. 

  
 27 

 “New Term Loan Lenders” shall have the meaning given to such term
in Section 4.10. 
 “Non-Defaulting Lender” shall mean any Lender that is not, as of the date of relevance, a
Defaulting Lender 
 “Non-U.S. Lender” is defined in Section 13.13 hereof. 

“Notes” shall mean the Revolving Credit Notes, the Swing Line Note and the Term Loan Notes. 

“OFAC”
 shall mean The Office of Foreign Assets Control of the U.S. Department of the Treasury. 
 “Off Balance
Sheet Liability(ies)” of a Person shall mean (i) any repurchase obligation or liability of such Person with respect to accounts or notes receivables sold by such Person, (ii) any liability under any sale and leaseback transaction
which is not a Capitalized Lease, (iii) any liability under any so-called “synthetic lease” transaction entered into by such Person, or (iv) any obligation arising with respect to any other transaction which is the functional
equivalent of Debt or any of the liabilities set forth in subsections (i)-(iii) of this definition, but which does not constitute a liability on the balance sheets of such Person. 

“Operating Projects” means each of the landfill gas to energy projects operated by Borrower, including the projects
listed on attached Schedule 1.3. 
 “Other Connection Taxes” shall mean, with respect to any
Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its
obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document). 

“Other Taxes” means all present or future stamp, court or documentary, intangible, recording, filing or similar
Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such
Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 13.12). 

“Paid in
 Full” or “Payment in Full” shall mean (i) the indefeasible payment in full in cash of all outstanding Advances and Reimbursement Obligations, together with accrued and unpaid interest thereon, (ii) the termination,
expiration, or cancellation and return of all outstanding Letters of Credit (or alternatively, with respect to each such Letter of Credit, the furnishing to the Agent of a cash deposit, or at the discretion of the Agent a back up standby letter of
credit satisfactory to the Agent and the Issuing Lender, in an amount equal to 105% of the Letter of Credit Obligations as of the date of such payment), (iii) the indefeasible payment in full in cash of the accrued and unpaid fees,
(iv) the indefeasible payment in full in cash of all reimbursable expenses and other Indebtedness (other than contingent obligations or expense reimbursement obligations to the extent no claim giving 

  
 28 

 
rise thereto has been asserted and other obligations expressly stated to survive
such payment and termination of this Agreement), together with accrued and unpaid interest thereon, (v) the termination of all Commitments, and (vi) the termination of the Hedging Agreements and Lender Products or entering into other
arrangements satisfactory to the Lenders or their affiliates that are counterparties thereto. 

“Parent” shall mean Montauk Holdings USA, LLC, a Delaware limited liability company. 

“Participant Register” has the meaning specified in Section 13.8(e). 

“PBGC” shall mean the Pension Benefit Guaranty Corporation or any successor thereto. 

“PCAOB” means the Public Company Accounting Oversight Board. [[per Third Amendment]] 

[“Pension Plan” shall mean any plan
established and] 

“Pension
 Funding Rules” shall mean the rules of the Internal Revenue Code and ERISA regarding minimum funding standards and minimum required contributions (including any installment payment thereof) to Pension Plans and Multiemployer Plans and set
forth in Sections 412, 430, 431, 432 and 436 of the Internal Revenue Code and Sections 302, 303, 304 and 305 of ERISA. 

“Pension
 Plan” shall mean any Employee Pension Benefit Plan (including a Multiple Employer Plan, but excluding a Multiemployer Plan) that is maintained [by a Credit
Party, ]or is contributed to by
[a Credit Party, which is qualified under Section 401(a) of the Internal Revenue Code
and]the Borrower or any ERISA Affiliate and is either covered by Title IV of ERISA or is subject
to the minimum funding standards
[of]under Section 412
of the Internal Revenue Code. 
 “Percentage” shall mean, as applicable, the Revolving Credit Percentage,
the Term Loan Percentage or the Weighted Percentage. 

“Periodic
 Term SOFR Determination Day” shall have the meaning specified in the definition of “Term SOFR”. 

“Permitted Acquisition” shall mean any acquisition by the Borrower or any Guarantor of all or substantially all of
the assets of another Person, or of a division or line of business of another Person, or any Equity Interests of another Person which satisfies and/or is conducted in accordance with the following requirements: 

 

	 	(a)	 Such acquisition is of a business or Person engaged in a line of business which is compatible with, or
complementary to, the business of the Borrower or such Guarantor; 

  

	 	(b)	 If such acquisition is structured as an acquisition of the Equity Interests of any Person, then the Person
so acquired shall (X) become a wholly-owned direct Domestic Subsidiary of the Borrower or of a Guarantor and the 

  
 29 

 
Borrower or the applicable Guarantor shall cause such acquired Person to comply with Section 7.13 hereof or (Y) provided that the Credit Parties continue to comply with
Section 7.4(a) hereof, be merged with and into the Borrower or such a Guarantor (and, in the case of the Borrower, with the Borrower being the surviving entity); 
  

	 	(c)	 If such acquisition is structured as the acquisition of assets, such assets shall be acquired directly by
the Borrower or a Guarantor (subject to compliance with Section 7.4(a) hereof); 

  

	 	(d)	 The Borrower shall have delivered to the Agent not less than ten (10) (or such shorter period of time
agreed to by the Agent) nor more than ninety (90) days prior to the date of such acquisition, notice of such acquisition together with Pro Forma Projected Financial Information, copies of all material documents relating to such acquisition
(including the acquisition agreement and any related document), and historical financial information (including income statements, balance sheets and cash flows) covering at least three (3) complete Fiscal Years of the acquisition target, if
available, prior to the effective date of the acquisition or the entire credit history of the acquisition target, whichever period is shorter, in each case in form and substance reasonably satisfactory to the Agent; 

 

	 	(e)	 Both immediately before and after the consummation of such acquisition and after giving effect to the Pro
Forma Projected Financial Information, no Default or Event of Default shall have occurred and be continuing; 

  

	 	(f)	 The Agent shall have received reasonably satisfactory evidence showing that the business or Person being
acquired has positive EBITDA; 

  

	 	(g)	 The Agent shall have received reasonably satisfactory evidence showing that on and immediately after the
date such acquisition is consummated (and taking into account any Advances or Letters of Credit to be made or issued, as the case may be, in connection with the proposed acquisition), the Unused Revolving Credit Availability shall be at least
$5,000,000; 

  

	 	(h)	 The board of directors (or other Person(s) exercising similar functions) of the seller of the assets or
issuer of the Equity Interests being acquired shall not have disapproved such transaction or recommended that such transaction be disapproved; 

  

	 	(i)	 All governmental, quasi-governmental, agency, regulatory or similar licenses, authorizations, exemptions,
qualifications, consents and approvals necessary under any laws applicable to the Borrower or Guarantor making the acquisition, or the acquisition target (if applicable) for or in connection with the proposed acquisition and all necessary
non-governmental and other third-party approvals which, in each case, are material to such acquisition shall have been obtained, and all necessary or appropriate declarations, 

  
 30 

 
registrations or other filings with any court, governmental or regulatory authority, securities exchange or any other Person, which in each case, are material to the consummation of such
acquisition or to the acquisition target, if applicable, have been made, and evidence thereof reasonably satisfactory in form and substance to the Agent shall have been delivered, or caused to have been delivered, by the Borrower to the Agent; 

 

	 	(j)	 There shall be no actions, suits or proceedings pending or, to the knowledge of any Credit Party threatened
against or affecting the acquisition target in any court or before or by any governmental department, agency or instrumentality, which could reasonably be expected to be decided adversely to the acquisition target and which, if decided adversely,
could reasonably be expected to have a material adverse effect on the business, operations, properties or financial condition of the acquisition target and its subsidiaries (taken as a whole) or would materially adversely affect the ability of the
acquisition target to enter into or perform its obligations in connection with the proposed acquisition, nor shall there be any actions, suits, or proceedings pending, or to the knowledge of any Credit Party threatened against the Credit Party that
is making the acquisition which would materially adversely affect the ability of such Credit Party to enter into or perform its obligations in connection with the proposed acquisition; and 

 

	 	(k)	 The purchase price of such proposed new acquisition, computed on the basis of total acquisition
consideration paid or incurred, or required to be paid or incurred, with respect thereto, including the amount of Debt (such Debt being otherwise permitted under this Agreement) assumed or to which such assets, businesses or business or Equity
Interests, or any Person so acquired is subject and including any portion of the purchase price allocated to any non-compete agreements, (X) is less
[Five]Ten Million Dollars ($[5,000,000]10,000,000), (Y) when added to the purchase price for each other acquisition consummated hereunder as a Permitted Acquisition during the same Fiscal Year
as the applicable acquisition (not including acquisitions specifically consented to which fall outside of the terms of this definition), does not exceed
[Ten]Twenty Million Dollars ($[10,000,000]20,000,000) and (Z) when added to the purchase price for each other acquisition consummated hereunder as a Permitted Acquisition during the term of this
agreement (not including acquisitions specifically consented to which fall outside the terms of this definition), does not exceed
[Twenty]Forty Million Dollars ($[20,000,000]40,000,000). 

 “Permitted
Investments” shall mean with respect to any Person: 
  

	 	(a)	 Governmental Obligations; 

 

	 	(b)	 Obligations of a state or commonwealth of the United States or the obligations of the District of Columbia
or any possession of the United 

  
 31 

 
States, or any political subdivision of any of the foregoing, which are described in Section 103(a) of the Internal Revenue Code and are graded in any of the highest three (3) major
grades as determined by at least one Rating Agency; or secured, as to payments of principal and interest, by a letter of credit provided by a financial institution or insurance provided by a bond insurance company which in each case is itself or its
debt is rated in one of the highest three (3) major grades as determined by at least one Rating Agency; 
  

	 	(c)	 Banker’s acceptances, commercial accounts, demand deposit accounts, certificates of deposit, other time
deposits or depository receipts issued by or maintained with any Lender or any Affiliate thereof, or any bank, trust company, savings and loan association, savings bank or other financial institution whose deposits are insured by the Federal Deposit
Insurance Corporation and whose reported capital and surplus equal at least $250,000,000, provided that such minimum capital and surplus requirement shall not apply to demand deposit accounts maintained by any Credit Party in the ordinary course of
business; 

  

	 	(d)	 Commercial paper rated at the time of purchase within the two highest classifications established by not
less than two Rating Agencies, and which matures within 270 days after the date of issue; 

  

	 	(e)	 Secured repurchase agreements against obligations itemized in paragraph (a) above, and executed by a
bank or trust company or by members of the association of primary dealers or other recognized dealers in United States government securities, the market value of which must be maintained at levels at least equal to the amounts advanced; and

  

	 	(f)	 Any fund or other pooling arrangement which exclusively purchases and holds the investments itemized in
(a) through (e) above. 

 “Permitted Liens” shall mean with respect to any Person:

  

	 	(a)	 Liens for (i) taxes or governmental assessments or charges or (ii) customs duties in connection
with the importation of goods to the extent such Liens attach to the imported goods that are the subject of the duties, in each case (x) to the extent not yet due, (y) as to which the period of grace, if any, related thereto has not
expired or (z) which are being contested in good faith by appropriate proceedings, provided that in the case of any such contest, any proceedings for the enforcement of such liens have been suspended and adequate reserves with respect thereto
are maintained on the books of such Person in conformity with GAAP; 

  

	 	(b)	 carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s,
processor’s, landlord’s liens or other like liens arising in the ordinary course of business which secure obligations that are not overdue for a period of 

  
 32 

 
more than 30 days or which are being contested in good faith by appropriate proceedings, provided that in the case of any such contest, (x) any proceedings commenced for the enforcement of
such Liens have been suspended and (y) appropriate reserves with respect thereto are maintained on the books of such Person in conformity with GAAP; 
  

	 	(c)	 (i) Liens incurred in the ordinary course of business to secure the performance of statutory obligations
arising in connection with progress payments or advance payments due under contracts with the United States government or any agency thereof entered into in the ordinary course of business and (ii) Liens incurred or deposits made in the
ordinary course of business to secure the performance of statutory obligations (not otherwise permitted under subsection (g) of this definition), bids, leases, fee and expense arrangements with trustees and fiscal agents, trade contracts,
surety and appeal bonds, performance bonds and other similar obligations (exclusive of obligations incurred in connection with the borrowing of money, any lease-purchase arrangements or the payment of the deferred purchase price of property),
provided, that in each case full provision for the payment of all such obligations has been made on the books of such Person as may be required by GAAP; 

  

	 	(d)	 any attachment or judgment lien that remains unpaid, unvacated, unbonded or unstayed by appeal or otherwise
for a period ending on the earlier of (i) thirty (30) consecutive days from the date of its attachment or entry (as applicable) or (ii) the commencement of enforcement steps with respect thereto, other than the filing of notice
thereof in the public record; 

  

	 	(e)	 minor survey exceptions or minor encumbrances, easements or reservations, or rights of others for
rights-of-way, utilities and other similar purposes, or zoning or other restrictions as to the use of real properties, or any interest of any lessor or sublessor under any lease permitted hereunder which, in each case, does not materially interfere
with the business of such Person; 

  

	 	(f)	 Liens arising in connection with worker’s compensation, unemployment insurance, old age pensions and
social security benefits and similar statutory obligations (excluding Liens arising under ERISA), provided that no enforcement proceedings in respect of such Liens are pending and provisions have been made for the payment of such liens on the books
of such Person as may be required by GAAP; and 

  

	 	(g)	 continuations of Liens that are permitted under subsections (a)-(f) hereof, provided such continuations
do not violate the specific time periods set forth in subsections (b) and (d) and provided further that such Liens do not extend to any additional property or assets of any Credit Party or secure any additional obligations of any Credit
Party. 

  
 33 

 Regardless of the language set forth in this definition, no Lien over the
Equity Interests of any Credit Party granted to any Person other than to the Agent for the benefit of the Lenders shall be deemed a “Permitted Lien” under the terms of this Agreement. 

“Person” shall mean a natural person, corporation, limited liability company, partnership, limited liability
partnership, trust, incorporated or unincorporated organization, joint venture, joint stock company, firm or association or a government or any agency or political subdivision thereof or other entity of any kind. 

“Pledge Agreement(s)” shall mean any pledge agreement executed and delivered by a Credit Party on the Effective Date
pursuant to Section 5.1 hereof, if any, and executed and delivered from time to time after the Effective Date by any Credit Party pursuant to Section 7.13 hereof or otherwise, and any agreements, instruments or documents related thereto,
in each case in form and substance reasonably satisfactory to the Agent, as the same may be amended, restated or otherwise modified from time to time. 

[“Power Purchase Agreements” means the
Power Purchase agreements and capacity purchase agreements listed on Schedule 1.2 and any other power or capacity sale or power or capacity purchase agreement entered into after the date of this Agreement with respect to the
capacity or energy generated by, or provided by a project.] 
 “Prime Rate” shall mean
the per annum rate of interest announced by the Agent, at its main office from time to time as its “prime rate” (it being acknowledged that such announced rate may not necessarily be the lowest rate charged by the Agent to any of its
customers), which Prime Rate shall change simultaneously with any change in such announced rate. 
 “Pro Forma Balance
Sheet” shall mean the pro forma consolidated balance sheet of the Borrower which has been certified by a Responsible Officer of the Borrower that it fairly presents in all material respects the pro forma adjustments reflecting the transactions
(including payment of all fees and expenses in connection therewith) contemplated by this Agreement and the other Loan Documents. 

“Pro Forma Projected Financial Information” shall mean, as to any proposed acquisition, a statement executed by the
Borrower (supported by reasonable detail) setting forth the total consideration to be paid or incurred in connection with the proposed acquisition, and pro forma combined projected financial information for the Credit Parties and the acquisition
target (if applicable), consisting of projected balance sheets as of the proposed effective date of the acquisition and as of the end of at least the next succeeding three (3) Fiscal Years following the acquisition and projected statements of
income and cash flows for each of those years, including sufficient detail to permit calculation of the ratios described in Section 7.9 hereof, as projected as of the effective date of the acquisition and as of the ends of those Fiscal Years
and accompanied by (i) a statement setting forth a calculation of the ratio so described, (ii) a statement in reasonable detail specifying all material assumptions underlying the projections and (iii) such other information as the
Agent or the Lenders shall reasonably request. 
 “PUHCA” means the Public Utility Holding Company Act of 2005 and
FERC’s implementing regulations. 

  
 34 

 “Purchasing Lender” shall have the meaning set forth in
Section 13.12. 
 “PURPA” means the Public Utility Regulatory Policies Act of 1978 and FERC’s
implementing regulations. 
 “Quoted Rate” shall mean the rate of interest per annum offered by the Swing Line
Lender in its sole discretion with respect to a Swing Line Advance and accepted by the Borrower. 
 “Quoted Rate
Advance” means any Swing Line Advance which bears interest at the Quoted Rate. 
 “Rating Agency” shall mean
Moody’s Investor Services, Inc., Standard and Poor’s Ratings Services, their respective successors or any other nationally recognized statistical rating organization which is reasonably acceptable to the Agent. 

“Recipient” shall mean (a) the Agent, (b) any Lender, and (c) any Issuing Lender. 

“Red Top” shall mean Red Top Renewable AG, LLC, a Delaware limited liability company. 

“Register” is defined in Section 13.8(h) hereof. 

“Registration Statement” shall mean the Form S-1 Registration Statement to be filed by the Parent with the
SEC in connection with the initial registered public offering of the common stock of Parent.
[[per Third Amendment]] 
 “Reimbursement
Obligation(s)” shall mean the aggregate amount of all unreimbursed drawings under all Letters of Credit (excluding for the avoidance of doubt, reimbursement obligations that are deemed satisfied pursuant to a deemed disbursement under
Section 3.6(c)). 
 “Reinvest” or “Reinvestment” shall mean, with respect to any Net Cash Proceeds,
Insurance Proceeds or Condemnation Proceeds received by any Person, the application of such monies to (i) repair, improve or replace any tangible personal (excluding Inventory) or real property of the Credit Parties or any intellectual property
reasonably necessary in order to use or benefit from any property or (ii) acquire any such property (excluding Inventory) to be used in the business of such Person. 

“Reinvestment Certificate” is defined in Section 4.8(b) hereof. 

“Reinvestment Period” shall mean a 90-day period during which Reinvestment must be completed under
Section 4.8(b) and (d) of this Agreement. 

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

  
 35 

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

“Replacement
 Date” is defined in Section 11.3 hereof. 
 “Reportable Compliance Event” shall mean
that any Covered Entity becomes a Sanctioned Person, or is indicted, arraigned, investigated or custodially detained, or receives an inquiry from regulatory or law enforcement officials, in connection with any Anti-Terrorism Law or any predicate
crime to any Anti-Terrorism Law, or has knowledge of or self-discovers facts or circumstances implicating any aspect of its operations with the actual or possible violation of any Anti-Terrorism Law. 

“Reportable
 Event” shall mean any of the events set forth in Section 4043(c) of ERISA, other than events for which the 30-day notice period has been waived. 

“Request for Advance” shall mean a Request for Revolving Credit Advance or a Request for Swing Line Advance, as the
context may indicate or otherwise require. 
 “Request for Revolving Credit Advance” shall mean a request for a
Revolving Credit Advance issued by the Borrower under Section 2.3 of this Agreement in the form attached hereto as Exhibit A. 

“Request for Swing Line Advance” shall mean a request for a Swing Line Advance issued by the Borrower under
Section 2.5(b) of this Agreement in the form attached hereto as Exhibit D. 
 “Requirement of Law” shall mean
as to any Person, the certificate of incorporation and bylaws, the partnership agreement or other organizational or governing documents of such Person and any law, treaty, rule or regulation or determination of an arbitration or a court or other
Governmental Authority, in each case applicable to or binding upon such Person or any of its property or to which such Person or any of its property is subject. 

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

“Responsible Officer” shall mean, with respect to any Person, the chief executive officer, chief financial officer,
treasurer, president or controller of such Person, or with respect to compliance with financial covenants, the chief financial officer or the treasurer of such Person, or any other officer of such Person having substantially the same authority and
responsibility. 
 “Revolving Credit” shall mean the revolving credit loans to be advanced to the Borrower by the
applicable Revolving Credit Lenders pursuant to Article 2 hereof, in an aggregate amount (subject to the terms hereof), not to exceed, at any one time outstanding, the Revolving Credit Aggregate Commitment. 

“Revolving Credit Advance” shall mean a borrowing requested by the Borrower and made by the Revolving Credit Lenders
under Section 2.1 of this Agreement, including without limitation any readvance, refunding or conversion of such borrowing pursuant to Section 2.3 hereof and any 

  
 36 

 
deemed disbursement of an Advance in respect of a Letter of Credit under Section 3.6(c) hereof, and may include, subject to the terms hereof, [Eurodollar-based]BSBY Rate Advances
and Base Rate Advances. 
 “Revolving Credit Aggregate Commitment” shall initially mean
[Eighty]One
 Hundred Twenty Million Dollars ($[80,000,000]120,000,000), subject to increases pursuant to Section 2.13 and subject to reduction or termination under Section 2.11 or 9.2 hereof.[ [per Second Amendment] ] 

 “Revolving Credit Commitment Amount” shall mean with respect to any Revolving Credit Lender,
(i) if the Revolving Credit Aggregate Commitment has not been terminated, the amount specified opposite such Revolving Credit Lender’s name in the column entitled “Revolving Credit Commitment Amount” on Annex II, as adjusted from
time to time in accordance with the terms hereof; and (ii) if the Revolving Credit Aggregate Commitment has been terminated (whether by maturity, acceleration or otherwise), the amount equal to its Percentage of the aggregate principal amount
outstanding under the Revolving Credit (including the outstanding Letter of Credit Obligations and any outstanding Swing Line Advances). 

“Revolving Credit Facility Fee” shall mean the fee payable to the Agent for distribution to the Revolving Credit
Lenders in accordance with Section 2.9 hereof. 
 “Revolving Credit Lenders” shall mean the financial
institutions from time to time parties hereto as lenders of the Revolving Credit. 
 “Revolving Credit Maturity
Date” shall mean the earlier to occur of (i) December
[12]21, [2023]2026, and (ii) the date on
which the Revolving Credit Aggregate Commitment shall terminate in accordance with the provisions of this Agreement. 

“Revolving Credit Notes” shall mean the revolving credit notes described in Section 2.2 hereof, made by the
Borrower to each of the Revolving Credit Lenders in the form attached hereto as Exhibit B, as such notes may be amended or supplemented from time to time, and any other notes issued in substitution, replacement or renewal thereof from time to time.

 “Revolving Credit Percentage” means, with respect to any Revolving Credit Lender, the percentage specified
opposite such Revolving Credit Lender’s name in the column entitled “Revolving Credit Percentage” on Annex II, as adjusted from time to time in accordance with the terms hereof. 

“RIN Floor” shall mean $0.50 for the average monthly Argus D3 RIN Price per RIN for any period of
determination. On April 1, 2020 and thereafter it shall mean $0.80 for the average monthly Argus D3 RIN Price per RIN for any period of determination.
[[per Second
Amendment]] 

“Sanctioned Country” shall mean a country subject to a [sanctions]Sanctions program
maintained under any Anti-Terrorism Law. 
 “Sanctioned Person” shall mean any individual person, group,
regime, entity or thing listed or otherwise recognized as a specially designated, prohibited, sanctioned or debarred person, 

  
 37 

 
group, regime, entity or thing, or subject to any limitations or prohibitions (including but not limited to the blocking of property or rejection of transactions), under any Anti-Terrorism Law.

 “Sanction(s)” means any sanction administered or enforced by the United States Government (including, without
limitation, OFAC), the United Nations Security Council, the European Union, Her Majesty’s Treasury or other relevant sanctions authority. 

“Sarbanes-Oxley” means the Sarbanes-Oxley Act of 2002. [[per Third Amendment]] 

“SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of
its principal functions. [[per Third Amendment]] 
 “Securities Laws” means
the Securities Act of 1933, the Securities Exchange Act of 1934, Sarbanes-Oxley, and the applicable accounting and auditing principles, rules, standards and practices promulgated, approved or incorporated by the SEC or the PCAOB. [“Site Lease” means the agreements listed on Schedule 1.2 pursuant to which the Borrower and the Subsidiaries lease the real property upon which the
projects are located and any other similar agreements for real property rights with respect to expansions entered into after the date of this Agreement. [per
Third Amendment]] 

“Security Agreement” shall mean, collectively, the security agreement(s) executed and delivered by the Borrower and
the Guarantors on the Effective Date pursuant to Section 5.1 hereof, and any such agreements executed and delivered after the Effective Date (whether by execution of a joinder agreement to any existing security agreement or otherwise) pursuant
to Section 7.13 hereof or otherwise, in the form of the Security Agreement attached hereto as Exhibit F, as such documents may be amended, restated or otherwise modified from time to time. 

[“Specified Hedging Agreement” shall
mean any Hedging Agreement providing for an interest rate swap that does not provide for a minimum rate of zero percent (0.00%) with respect to determinations of the LIBOR rate for the purposes of such Hedging Agreement (e.g., determines the
floating amount by using the “negative interest rate method” rather than the “zero interest rate method” in the case of any such Hedging Agreement made under the documentation published by the International Swaps and Derivatives
Association, Inc.).] 

“SOFR”
 shall mean a rate per annum equal to the secured overnight financing rate as administered by the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate). 

“SOFR Adjustment”
 shall mean (a) with respect to Daily Simple SOFR, 0.26161% (26.161 basis points) per annum; and (b) with respect to Term SOFR, 0.11448% (11.448 basis points) per annum for an Interest Period of one-month’s duration, 0.26161% (26.161
basis points) per annum for an Interest Period of three-month’s duration and for any other Interest Period, such other adjustment as established by Agent from time to time in accordance with current market standards. 

“Subordinated Debt” shall mean any unsecured Funded Debt of any Credit Party and other obligations under the
Subordinated Debt Documents and any other Funded Debt of any Credit 

  
 38 

 
Party which has been subordinated in right of payment and priority to the Indebtedness, all on terms and conditions satisfactory to the Agent. 

“Subordinated Debt Documents” shall mean and include any documents evidencing any Subordinated Debt, in each case,
as the same may be amended, modified, supplemented or otherwise modified from time to time in compliance with the terms of this Agreement. 

“Subordination Agreements” shall mean, collectively, any subordination agreements entered into by any Person from
time to time in favor of the Agent in connection with any Subordinated Debt, the terms of which are acceptable to the Agent, in each case as the same may be amended, restated or otherwise modified from time to time, and “Subordination
Agreement” shall mean any one of them. 
 “Subsidiary(ies)” shall mean any other corporation, association,
joint stock company, business trust, limited liability company, partnership or any other business entity of which more than fifty percent (50%) of the outstanding voting stock, share capital, membership, partnership or other interests, as the
case may be, is owned either directly or indirectly by any Person or one or more of its Subsidiaries, or the management of which is otherwise controlled, directly, or indirectly through one or more intermediaries, or both, by any Person and/or its
Subsidiaries. Unless otherwise specified to the contrary herein or the context otherwise requires, Subsidiary(ies) shall refer to the Subsidiary(ies) of the Borrower. 

“Successor
 Rate” is defined in Section 11.3 hereof. 
 “Sweep Agreement” means any agreement
relating to the “Sweep to Loan” automated system of the Agent or any other cash management arrangement which the Borrower and the Agent have executed for the purposes of effecting the borrowing and repayment of Swing Line Advances. 

“Swing Line” shall mean the revolving credit loans to be advanced to the Borrower by the Swing Line Lender pursuant
to Section 2.5 hereof, in an aggregate amount (subject to the terms hereof), not to exceed, at any one time outstanding, the Swing Line Maximum Amount. 

“Swing Line Advance” shall mean a borrowing requested by the Borrower and made by Swing Line Lender pursuant to
Section 2.5 hereof and may include, subject to the terms hereof, Quoted Rate-Advances and Base Rate Advances. 

“Swing Line Lender” shall mean Comerica Bank in its capacity as lender of the Swing Line under Section 2.5 of
this Agreement, or its successor as subsequently designated hereunder. 
 “Swing Line Maximum Amount” shall mean
Five Million Dollars ($5,000,000). 
 “Swing Line Note” shall mean the swing line note which may be issued by the
Borrower to Swing Line Lender pursuant to Section 2.5(b)(ii) hereof in the form attached hereto as Exhibit C, as such note may be amended or supplemented from time to time, and any note or notes issued in substitution, replacement or renewal
thereof from time to time. 

  
 39 

 “Swing Line Participation Certificate” shall mean the Swing Line
Participation Certificate delivered by the Agent to each Revolving Credit Lender pursuant to Section 2.5(e)(ii) hereof in the form attached hereto as Exhibit M. 

“Tangible Net Worth” shall mean, as of any date of determination, the excess of (i) the net book value of the
assets of Parent and its Subsidiaries (other than the Excluded Entities) as of such date (excluding all amounts owing to Parent, any of its Subsidiaries and/or any of the Excluded Entities by officers, directors, shareholders and other Affiliates
and all patents, patent rights, trademarks, trade names, franchises, copyrights, licenses, goodwill and all other intangible assets of Parent and its Subsidiaries), after all appropriate deductions in accordance with GAAP (including, without
limitation, reserves for doubtful receivables, obsolescence, depreciation and amortization), over (ii) Total Liabilities of Parent and its Subsidiaries (other than the Excluded Entities) as of such date, all as determined on a consolidated
basis in accordance with GAAP. 
 “Tax Distributions” shall mean, in respect of any applicable Person, dividend
payments and other distributions made by such Person to its respective shareholders, members or other Persons holding Equity Interests therein, as applicable, in an amount not to exceed the income tax liability, if any, of such shareholders, members
or other Persons arising or incurred directly as a result of (a) the
pass-through of income items to such shareholders, members or other Persons as a result of such Person’s status as a [Subchapter S corporation under the United States
Internal Revenue Code, as amended, or as a limited liability
company]disregarded entity or other pass-through
entity, as applicable or (b) such Person being a member of a
consolidated, combined or unitary tax group of which a direct or indirect equity holder is the parent. 

“Taxes” means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup
withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto. 

“Term Loan” shall mean the term loan to be made to the Borrower by the Term Loan Lenders pursuant to
Section 4.1(a) hereof, in the aggregate principal amount of [Ninety
Five]Eighty Million Dollars
($[95,000,000]80,000,000).

 “Term Loan Advance” shall mean a borrowing requested by the Borrower and made by the Term Loan
Lenders pursuant to Section 4.1(a) hereof, including without limitation any refunding or conversion of such borrowing pursuant to Section 4.4 hereof, and may include, subject to the terms hereof, [Eurodollar-based]BSBY Rate Advances
and Base Rate Advances. 
 “Term Loan Amount” shall mean with respect to any Term Loan Lender, the amount
equal to its Term Loan Percentage of the aggregate principal amount outstanding under the Term Loan. 
 “Term Loan
Lenders” shall mean the financial institutions from time to time parties hereto as lenders of the Term Loan. 
 “Term Loan
Maturity Date” shall mean December
[12]21
, [2023]2026. 

“Term Loan Notes” shall mean the term notes described in Section 4.2(e) hereof, made by the Borrower to each of
the Term Loan Lenders in the form attached hereto as Exhibit K, as such 

  
 40 

 
notes may be amended or supplemented from time to time, and any other notes issued in substitution, replacement or renewal thereof from time to time. 

“Term Loan Percentage” shall mean with respect to any Term Loan Lender, the percentage specified opposite such Term
Loan Lender’s name in the column entitled “Term Loan Percentage” on Annex II, as adjusted from time to time in accordance with the terms hereof. 

“Term Loan Rate Request” shall mean a request for the refunding or conversion of any Advance of the Term Loan
submitted by Borrower under Section 4.4 of this Agreement in the form attached hereto as Exhibit L. 
 “Term SOFR” shall mean, for the applicable interest period, the Term SOFR Reference Rate for such interest period on the day (such
day, the “Periodic Term SOFR Determination Day”) that is two (2) U.S. Government Securities Business Days prior to the first day of such interest period, as such rate is published by the Term SOFR Administrator; provided, however,
that if as of 5:00 p.m. (Detroit time) on any Periodic Term SOFR Determination Day, the Term SOFR Reference Rate for such interest period has not been published by the Term SOFR Administrator, then “Term SOFR” will be the Term SOFR
Reference Rate for such interest period as published by the Term SOFR Administrator on the immediately preceding U.S. Government Securities Business Day on which such rate is published.  

“Term SOFR
 Administrator” shall mean the CME Group Benchmark Administration Limited (CBA) (or a successor administrator of the Term SOFR Reference Rate selected by the Agent in its reasonable discretion). 

“Term SOFR Reference
Rate” shall mean the forward-looking term rate based on SOFR. 

“Total Leverage Ratio” shall mean as of any date of determination, the ratio of (a) Funded Debt of
Borrower and its Subsidiaries (other than the Excluded Entities) on such date to (b[) the sum of (i) the EBITDA Credit as of such date and (ii])
Consolidated EBITDA for the four preceding fiscal quarters then ending, all as determined on a consolidated basis in accordance with GAAP. [[per Second Amendment] ] 

“Total Liabilities” shall mean, as of any applicable time of determination thereof the total liabilities of a Person
at such time, as determined in accordance with GAAP. 
 “Total Liabilities to Tangible Net Worth Ratio” shall mean
as of any date of determination, the ratio of (i) the Total Liabilities of Parent and its Consolidated Subsidiaries (other than the Excluded Entities) as of such date, to (ii) Tangible Net Worth as of such date. 

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

  
 41 

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

“Uniform Commercial Code” or “UCC” shall mean the Uniform Commercial Code as in effect in any applicable
state; provided that, unless specified otherwise or the context otherwise requires, such terms shall refer to the Uniform Commercial Code as in effect in the State of Michigan. 

“Unused Revolving Credit Availability” shall mean, on any date of determination, the amount equal to the Revolving
Credit Aggregate Commitment, minus (x) the aggregate outstanding principal amount of all Advances (including Swing Line Advances) and (y) the Letter of Credit Obligations. 

“U.S. Borrower” is any Borrower that is a U.S. Person. 

“U.S. Government
 Securities Business Day” shall mean any day except for (a) a Saturday, (b) a Sunday or (c) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be
closed for the entire day for purposes of trading in United States government securities. 
 “U.S.
Person” shall mean any Person that is a “United States Person” as defined in Section 7701(a)(30) of the Internal
Revenue Code. 
 “U.S. Tax Compliance Certificate”
is defined in Section 13.13. 
 “USA Patriot Act” is defined in Section 6.7. 

“Weighted Percentage” shall mean with respect to any Lender, its weighted percentage calculated by dividing
(i) the sum of (x) its Revolving Credit Commitment Amount plus (y) its Term Loan Amount, by (ii) the sum of (x) the Revolving Credit Aggregate Commitment (or, if the Revolving Credit Aggregate Commitment has been terminated
(whether by maturity, acceleration or otherwise), the aggregate principal amount outstanding under the Revolving Credit, including any outstanding Letter of Credit Obligations and outstanding Swing Line Advances), plus (y) the aggregate
principal amount of Indebtedness outstanding under the Term Loan. Annex II reflects each Lender’s Weighted Percentage and may be revised by the Agent from time to time to reflect changes in the Weighted Percentages of the Lenders. 

[“Withdrawal Liability” shall mean
liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA.] 

“Withholding Agent” shall mean any Credit Party and the Agent. 

“Working Capital Adjustment” shall mean, for any Fiscal Year of Borrower, the increase or decrease from the prior
Fiscal Year of the remainder of (a) consolidated current assets (excluding cash, cash equivalents and deferred tax assets), without duplication, of Borrower and its Subsidiaries (other than the Excluded Entities) minus (b) consolidated
current liabilities 

  
 42 

 
(excluding deferred tax liabilities) of Borrower and its Subsidiaries (other than the Excluded Entities), in each case (except with respect to the specific exclusions of the Excluded Entities)
determined on a consolidated basis in accordance with GAAP. 
 “Write-Down and Conversion Powers” [means,]shall mean (a) with
respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under the Bail-In Legislation to cancel,
reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any
other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related
to or ancillary to any of those powers. 
 1.2 Other Interpretive Provisions. With reference to
this Agreement and each other Loan Document, unless otherwise specified herein or in such other Loan Document or unless the context requires otherwise, (a) the definitions of terms herein shall apply equally to the singular and plural forms of
the terms defined, (b) any pronoun shall include the corresponding masculine, feminine and neuter forms, (c) the words “include,” “includes” and “including” shall be deemed to be followed by the phrase
“without limitation”, (d) the word “will” shall be construed to have the same meaning and effect as the word “shall”, (e) any definition of or reference to any agreement, instrument or other document
(including Loan Documents) shall be construed as referring to such agreement, instrument or other document as amended, supplemented or otherwise modified from time to time (subject to any restrictions on such amendments, supplements or modifications
set forth herein or in any other Loan Document), (f) any reference herein to any Person shall be construed to include such Person’s successors and assigns (subject to any restrictions on assignment set forth herein or in any other Loan
Document), (g) the words “herein”, “hereof”, “hereto”, “hereunder” and similar terms shall refer to this Agreement or any other Loan Document and not to any particular section or provision of this
Agreement or such other Loan Document, (h) all references to “articles”, “sections,” “clauses,” “exhibits” and “schedules” in this Agreement or any other Loan Document shall be to articles,
sections, clauses, exhibits and schedules, respectively, of this Agreement or such other Loan Agreement, (i) any reference to any law or applicable law shall include any Requirement of Law, and any reference to any law or regulation shall refer
to such law or regulation as amended, modified or supplemented from time to time, (j) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and
intangible assets and properties, including cash, securities, accounts and contract rights, and (k) in the computation of periods of time from a specified date to a later specified date, the word “from” means “from and
including;” the words “to” and “until” each mean “to but excluding;” and the word “through” means “to and including”.[
[per Third Amendment]] 

1.3 [Eurodollar-based Advances; LIBOR
Notification]Rates. [. ] 

  
 43 

The[ interest rate on Eurodollar-based Advances is
determined by reference to the LIBOR Rate, which is derived from the London interbank offered rate. The London interbank offered rate is intended to represent the rate at which contributing banks may obtain short-term borrowings from each other in
the London interbank market. In July 2017, the U.K. Financial Conduct Authority announced that, after the end of 2021, it would no longer persuade or compel contributing banks to make rate submissions to the ICE Benchmark Administration (together
with any successor to the ICE Benchmark Administrator, the “IBA”) for purposes of the IBA setting the London interbank offered rate. As a result, it is possible that commencing in 2022, the London interbank offered rate may no longer be
available or may no longer be deemed an appropriate reference rate upon which to determine the interest rate on Eurodollar-based Advances. In light of this eventuality, public and private sector industry initiatives are currently underway to
identify new or alternative reference rates to be used in place of the London interbank offered rate. Upon the occurrence of a Benchmark Transition Event, a Term SOFR Transition Event or an Early Opt-in Election, Sections 11.11(a) and 11.11(b)
provide the mechanism for determining an alternative rate of interest. The Agent will promptly notify the Borrower, pursuant to Section 11.13(d), of any change to the reference rate upon which the interest rate on Eurodollar-based Advances is
based. However, the] Agent does not warrant or accept [any ]responsibility for, and shall not have any liability with respect to[,] (a) the continuation of,
administration of, submission
of, calculation of or any other matter related to the
[London interbank offered rate or
other]Base Rate, the BSBY Rate, or any component definition thereof or any rates referred to in the definition [of “LIBOR Rate”
or with respect to any alternative or successor rate thereto, or replacement rate ]thereof[ (], or any Successor Rate, including[, without limitation,
(i) any such alternative, successor or replacement rate implemented pursuant to Sections 11.13(a) or 11.13(b), whether upon the occurrence of a Benchmark Transition Event, a Term SOFR Transition Event or an Early Opt-in Election, and
(ii) the implementation of any Benchmark Replacement Conforming Changes pursuant to Section 11.13(c)), including without limitation,] whether the composition or characteristics of any such [alternative, successor or replacement reference
rate]Successor Rate will be similar to, or produce the same value or economic equivalence of,
[the LIBOR Rate ]or have the same volume or liquidity as[ did], the [London interbank offered
rate]Base Rate, the BSBY Rate, or any other Successor Rate, prior to its discontinuance or
unavailability[. [per Third Amendment]], or (b) the effect, implementation or
composition of any Conforming Changes. The Agent, the Lenders, and their respective affiliates or other related entities may engage in transactions that affect the calculation of the Base Rate, the BSBY Rate, any Successor Rate or any relevant
adjustments thereto, in each case, in a manner adverse to Borrower. The Agent may select information sources or services in its reasonable discretion to ascertain the Base Rate, the BSBY Rate or any Successor Rate, in each case pursuant to the terms
of this Agreement, and shall have no liability to Borrower, any Lender or any other person or entity for damages of any kind, including direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses (whether in
tort, contract or otherwise and whether at law or in equity), for any error or calculation of any such rate (or component thereof) provided by any such information source or service. 

 

	2.	 REVOLVING CREDIT. 

  
 44 

 2.1 Commitment. Subject to the terms and conditions of this Agreement
(including without limitation Section 2.3 hereof), each Revolving Credit Lender severally and for itself alone agrees to make Advances of the Revolving Credit in Dollars to the Borrower from time to time on any Business Day during the period
from the Effective Date hereof until (but excluding) the Revolving Credit Maturity Date in an aggregate amount, not to exceed at any one time outstanding such Lender’s Revolving Credit Percentage of the Revolving Credit Aggregate Commitment.
Subject to the terms and conditions set forth herein, advances, repayments and readvances may be made under the Revolving Credit. 

2.2 Accrual of Interest and Maturity; Evidence of Indebtedness. 

 

	 	(a)	 The Borrower hereby unconditionally promises to pay to the Agent for the account of each Revolving Credit
Lender the then unpaid principal amount of each Revolving Credit Advance (plus all accrued and unpaid interest) of such Revolving Credit Lender to the Borrower on the Revolving Credit Maturity Date and on such other dates and in such other amounts
as may be required from time to time pursuant to this Agreement. Subject to the terms and conditions hereof, each Revolving Credit Advance shall, from time to time from and after the date of such Advance (until paid), bear interest at its Applicable
Interest Rate. 

  

	 	(b)	 Each Revolving Credit Lender shall maintain in accordance with its usual practice an account or accounts
evidencing indebtedness of the Borrower to the appropriate lending office of such Revolving Credit Lender resulting from each Revolving Credit Advance made by such lending office of such Revolving Credit Lender from time to time, including the
amounts of principal and interest payable thereon and paid to such Revolving Credit Lender from time to time under this Agreement. 

  

	 	(c)	 The Agent shall maintain the Register pursuant to Section 13.8(g), and a subaccount therein for each
Revolving Credit Lender, in which Register and subaccounts (taken together) shall be recorded (i) the amount of each Revolving Credit Advance made hereunder, the type thereof and each
[Eurodollar-]Interest Period applicable to any
[Eurodollar-based]BSBY Rate Advance, (ii) the amount of any principal or interest due and
payable or to become due and payable from the Borrower to each Revolving Credit Lender hereunder in respect of the Revolving Credit Advances and (iii) both the amount of any sum received by the Agent hereunder from the Borrower in respect of
the Revolving Credit Advances and each Revolving Credit Lender’s share thereof. 

  

	 	(d)	 The entries made in the Register maintained pursuant to paragraph (c) of this Section 2.2 and
Section 13.8(h) shall, absent manifest error, to the extent permitted by applicable law, be prima facie evidence of the existence and amounts of the obligations of the Borrower therein recorded; provided, however, that the failure
of any Revolving Credit Lender or the Agent to maintain the Register or any account, as applicable, or any error therein, 

  
 45 

	 	 
shall not in any manner affect the obligation of the Borrower to repay the Revolving Credit Advances (and all other amounts owing with respect thereto) made to the Borrower by the Revolving
Credit Lenders in accordance with the terms of this Agreement. 

  

	 	(e)	 The Borrower agrees that, upon written request to the Agent by any Revolving Credit Lender, the Borrower
will execute and deliver, to such Revolving Credit Lender, at the Borrower’s own expense, a Revolving Credit Note evidencing the outstanding Revolving Credit Advances owing to such Revolving Credit Lender. 

2.3 Requests for and Refundings and Conversions of Advances. The Borrower may request an Advance of the Revolving
Credit, a refund of any Revolving Credit Advance in the same type of Advance or to convert any Revolving Credit Advance to any other type of Revolving Credit Advance only by delivery to the Agent of a Request for Revolving Credit Advance executed by
an Authorized Signer for the Borrower, subject to the following: 
  

	 	(a)	 each such Request for Revolving Credit Advance shall set forth the information required on the Request for
Revolving Credit Advance, including without limitation: 

  

	 	(i)	 the proposed date of such Revolving Credit Advance (or the refunding or conversion of an outstanding
Revolving Credit Advance), which must be a Business Day; 

  

	 	(ii)	 whether such Advance is a new Revolving Credit Advance or a refunding or conversion of an outstanding
Revolving Credit Advance; and 

  

	 	(iii)	 whether such Revolving Credit Advance is to be a Base Rate Advance or a
[Eurodollar-based]BSBY Rate Advance, and, [except in the case of a
Base]with respect to each BSBY Rate Advance, the first [Eurodollar-]Interest
Period applicable thereto, provided, however, that the initial Revolving Credit Advance made under this Agreement shall be a Base Rate Advance, which may then be converted into a
[Eurodollar-based]BSBY Rate Advance in compliance with this Agreement. 

 

	 	(b)	 each such Request for Revolving Credit Advance shall be delivered to the Agent by 12:00 p.m. (Detroit time)
three (3) Business Days prior to the proposed date of the Revolving Credit Advance, except in the case of a Base Rate Advance, for which the Request for Revolving Credit Advance must be delivered by 12:00 p.m. (Detroit time) on the proposed
date for such Revolving Credit Advance; 

  

	 	(c)	 on the proposed date of such Revolving Credit Advance, the sum of (x) the aggregate principal amount of
all Revolving Credit Advances and Swing Line Advances outstanding on such date (including, without
duplication[)], 

  
 46 

	 	 
the Advances that are deemed to be disbursed by the Agent under Section 3.6(c) hereof in respect of the Borrower’s Reimbursement Obligations hereunder), plus (y) the Letter of
Credit Obligations as of such date, in each case after giving effect to all outstanding requests for Revolving Credit Advances and Swing Line Advances and for the issuance of any Letters of Credit, shall not exceed the Revolving Credit Aggregate
Commitment; 

  

	 	(d)	 in the case of a Base Rate Advance, the principal amount of the initial funding of such Advance, as opposed
to any refunding or conversion thereof, shall be at least $750,000 or the remainder available under the Revolving Credit Aggregate Commitment if less than $750,000; 

 

	 	(e)	 in the case of a
[Eurodollar-based]BSBY Rate Advance, the principal amount of such Advance, plus the amount of any
other outstanding Revolving Credit Advance to be then combined therewith having the same [Eurodollar-]Interest Period, if any, shall be at least $1,000,000 (or a larger integral multiple of
$100,000) or the remainder available under the Revolving Credit Aggregate Commitment if less than $1,000,000 and at any one time there shall not be in effect more than five (5) different
[Eurodollar-]Interest Periods with respect to the Revolving Credit outstanding at any time;

  

	 	(f)	 a Request for Revolving Credit Advance, once delivered to the Agent, shall not be revocable by the Borrower
and shall constitute a certification by the Borrower as of the date thereof that: 

  

	 	(i)	 all conditions to the making of Revolving Credit Advances set forth in this Agreement have been satisfied,
and shall remain satisfied to the date of such Revolving Credit Advance (both before and immediately after giving effect to such Revolving Credit Advance); 

  

	 	(ii)	 there is no Default or Event of Default in existence, and none will exist upon the making of such Revolving
Credit Advance (both before and immediately after giving effect to such Revolving Credit Advance); and 

  

	 	(iii)	 the representations and warranties of the Credit Parties contained in this Agreement and the other Loan
Documents are true and correct in all material respects and shall be true and correct in all material respects as of the date of the making of such Revolving Credit Advance (both before and immediately after giving effect to such Revolving Credit
Advance), other than any representation or warranty that expressly speaks only as of a different date; 

 The Agent,
acting on behalf of the Revolving Credit Lenders, may also, at its option, lend under this Section 2.3 upon the telephone or email request of an Authorized Signer of the Borrower to make such requests and, in the event the Agent, acting on
behalf of the Revolving Credit Lenders, 

  
 47 

 
makes any such Advance upon a telephone or email request, an Authorized Signer shall fax or deliver by electronic file to the Agent, on the same day as such telephone or email request, an
executed Request for Revolving Credit Advance. The Borrower hereby authorizes the Agent to disburse Advances under this Section 2.3 pursuant to the telephone or email instructions of any person purporting to be an Authorized Signer.
Notwithstanding the foregoing, the Borrower acknowledges that the Borrower shall bear all risk of loss resulting from disbursements made upon any telephone or email request. Each telephone or email request for an Advance from an Authorized Signer
for the Borrower shall constitute a certification of the matters set forth in the Request for Revolving Credit Advance form as of the date of such requested Advance. 

2.4 Disbursement of Advances. 

(a) Upon receiving any Request for Revolving Credit Advance
from[ the] Borrower under Section 2.3 hereof, the Agent shall promptly notify each Revolving Credit Lender by
wire, telex or telephone (confirmed by wire, telecopy or telex) of the amount of such Advance being requested and the date such Revolving Credit Advance is to be made by each Revolving Credit Lender in an amount equal to its Revolving Credit
Percentage of such Advance. Unless such Revolving Credit Lender’s commitment to make Revolving Credit Advances hereunder shall have been suspended or terminated in accordance with this Agreement, each such Revolving Credit Lender shall make
available the amount of its Revolving Credit Percentage of each Revolving Credit Advance in immediately available funds to the Agent[, as follows:] 
  

	 	[(i)	 for Base Rate Advances,] at[ the
office of] the Agent[ located at 411 West Lafayette, 7th Floor, MC 3289, Detroit, Michigan
48226,]’s Office not later than 1:00 p.m. (Detroit time) on the [date of such Advance;
and] 

  

	 	[(ii)	 for Eurodollar-based Advances, at the Agent’s Correspondent for the account of the
Eurodollar Lending Office of the Agent, not later than 12:00 p.m. (the time of the Agent’s Correspondent) on the]proposed date
of such Advance. 

 (b) Subject to submission of an executed Request for Revolving Credit Advance by [the ]Borrower without exceptions noted in the compliance certification therein, the Agent shall make available to the
Borrower the aggregate of the amounts so received by it from the Revolving Credit Lenders in like funds and currencies[:] 
  

	 	[(i)	 for Base Rate Advances, not later than 4:00 p.m. (Detroit time) on the date of such
Revolving Credit Advance,] by credit to an account of the Borrower maintained with the Agent[; and] 

 

	 	[(ii)	 for Eurodollar-based Advances, not later than 4:00 p.m. (the time of the Agent’s
Correspondent) on the date of such Revolving Credit Advance, by credit to an account of the Borrower maintained with the Agent’s Correspondent
or] or, if approved in advance by the Agent in its sole discretion, to such

  
 48 

	 	 
other account or third party as [the]such
Borrower may [direct, provided such direction is timely given]request in writing.

 (c) The Agent shall deliver the documents and papers received by it for the account of each Revolving
Credit Lender to such Revolving Credit Lender. Unless the Agent shall have been notified by any Revolving Credit Lender prior to the date of any proposed Revolving Credit Advance that such Revolving Credit Lender does not intend to make available to
the Agent such Revolving Credit Lender’s Percentage of such Advance, the Agent may assume that such Revolving Credit Lender has made such amount available to the Agent on such date, as aforesaid. The Agent may, but shall not be obligated to,
make available to the Borrower the amount of such payment in reliance on such assumption. If such amount is not in fact made available to the Agent by such Revolving Credit Lender, as aforesaid, the Agent shall be entitled to recover such amount on
demand from such Revolving Credit Lender. If such Revolving Credit Lender does not pay such amount forthwith upon the Agent’s demand therefor and the Agent has in fact made a corresponding amount available to the Borrower, the Agent shall
promptly notify the Borrower and the Borrower shall pay such amount to the Agent, if such notice is delivered to the Borrower prior to 1:00 p.m. (Detroit time) on a Business Day, on the day such notice is received, and otherwise on the next Business
Day, and such amount paid by the Borrower shall be applied as a prepayment of the Revolving Credit (without any corresponding reduction in the Revolving Credit Aggregate Commitment), reimbursing the Agent for having funded said amounts on behalf of
such Revolving Credit Lender. The Borrower shall retain its claim against such Revolving Credit Lender with respect to the amounts repaid by it to the Agent and, if such Revolving Credit Lender subsequently makes such amounts available to the Agent,
the Agent shall promptly make such amounts available to the Borrower as a Revolving Credit Advance. The Agent shall also be entitled to recover from such Revolving Credit Lender or the Borrower, as the case may be, but without duplication, interest
on such amount in respect of each day from the date such amount was made available by the Agent to the Borrower, to the date such amount is recovered by the Agent, at a rate per annum equal to: 

 

	 	(i)	 in the case of such Revolving Credit Lender, [for ]the
[first two (2) Business Days such amount remains unpaid,]greater of the Federal Funds [Effective ]Rate[,] and [thereafter, at
the]a rate [of interest then applicable to such Revolving Credit Advances]determined by the Agent in accordance with banking industry rules on interbank compensation (plus any administrative, processing or similar fees assessed by
Agent in connection with the foregoing); and 

  

	 	(ii)	 in the case of the Borrower, the rate of interest then applicable to such Advance of the Revolving Credit.

 Until such Revolving Credit Lender has paid the Agent such amount, such Revolving Credit Lender shall have no interest
in or rights with respect to such Advance for any purpose whatsoever. The obligation of any Revolving Credit Lender to make any Revolving Credit Advance hereunder shall not be affected by the failure of any other Revolving Credit Lender to make any
Advance hereunder, and no Revolving Credit Lender shall have any liability to the Borrower or any of its 

  
 49 

 
Subsidiaries, the Agent, any other Revolving Credit Lender, or any other party for another Revolving Credit Lender’s failure to make any loan or Advance hereunder. 

2.5 Swing Line. 

(a) Swing Line Advances. The Swing Line Lender may, on the terms and subject to the conditions hereinafter set forth (including
without limitation Section 2.5(c) hereof), but shall not be required to, make one or more Advances (each such advance being a “Swing Line Advance”) to the Borrower from time to time on any Business Day during the period from the
Effective Date hereof until (but excluding) the Revolving Credit Maturity Date in an aggregate amount not to exceed at any one time outstanding the Swing Line Maximum Amount. Subject to the terms set forth herein, advances, repayments and readvances
may be made under the Swing Line. 
 (b) Accrual of Interest and Maturity; Evidence of Indebtedness. 

 

	 	(i)	 Swing Line Lender shall maintain in accordance with its usual practice an account or accounts evidencing
indebtedness of the Borrower to Swing Line Lender resulting from each Swing Line Advance from time to time, including the amount and date of each Swing Line Advance, its Applicable Interest Rate, its Interest Period, if any, and the amount and date
of any repayment made on any Swing Line Advance from time to time. The entries made in such account or accounts of Swing Line Lender shall be prima facie evidence, absent manifest error, of the existence and amounts of the obligations of the
Borrower therein recorded; provided, however, that the failure of Swing Line Lender to maintain such account, as applicable, or any error therein, shall not in any manner affect the obligation of the Borrower to repay the Swing Line Advances (and
all other amounts owing with respect thereto) in accordance with the terms of this Agreement. 

  

	 	(ii)	 The Borrower agrees that, upon the written request of Swing Line Lender, the Borrower will execute and
deliver to Swing Line Lender a Swing Line Note. 

  

	 	(iii)	 The Borrower unconditionally promises to pay to the Swing Line Lender the then unpaid principal amount of
such Swing Line Advance (plus all accrued and unpaid interest) on the Revolving Credit Maturity Date and on such other dates and in such other amounts as may be required from time to time pursuant to this Agreement. Subject to the terms and
conditions hereof, each Swing Line Advance shall, from time to time after the date of such Advance (until paid), bear interest at its Applicable Interest Rate. 

  
 50 

 (c) Requests for Swing Line Advances. The Borrower may request a
Swing Line Advance by the delivery to Swing Line Lender of a Request for Swing Line Advance executed by an Authorized Signer for the Borrower, subject to the following: 
  

	 	(i)	 each such Request for Swing Line Advance shall set forth the information required on the Request for
Advance, including without limitation, (A) the proposed date of such Swing Line Advance, which must be a Business Day, (B) whether such Swing Line Advance is to be a Base Rate Advance or a Quoted Rate Advance, and (C) in the case of a
Quoted Rate Advance, the duration of the Interest Period applicable thereto; 

  

	 	(ii)	 on the proposed date of such Swing Line Advance, after giving effect to all outstanding requests for Swing
Line Advances made by the Borrower as of the date of determination, the aggregate principal amount of all Swing Line Advances outstanding on such date shall not exceed the Swing Line Maximum Amount; 

 

	 	(iii)	 on the proposed date of such Swing Line Advance, after giving effect to all outstanding requests for
Revolving Credit Advances and Swing Line Advances and Letters of Credit requested by the Borrower on such date of determination (including, without duplication, Advances that are deemed disbursed pursuant to Section 3.6(c) hereof in respect of
the Borrower’s Reimbursement Obligations hereunder), the sum of (x) the aggregate principal amount of all Revolving Credit Advances and the Swing Line Advances outstanding on such date plus (y) the Letter of Credit Obligations on such
date shall not exceed the Revolving Credit Aggregate Commitment; 

  

	 	(iv)	 (A) in the case of a Swing Line Advance that is a Base Rate Advance, the principal amount of the initial
funding of such Advance, as opposed to any refunding or conversion thereof, shall be at least Two Hundred Fifty Thousand Dollars ($250,000) or such lesser amount as may be agreed to by the Swing Line Lender, and (B) in the case of a Swing Line
Advance that is a Quoted Rate Advance, the principal amount of such Advance, plus any other outstanding Swing Line Advances to be then combined therewith having the same Interest Period, if any, shall be at least Two Hundred Fifty Thousand Dollars
($250,000) or such lesser amount as may be agreed to by the Swing Line Lender, and at any time there shall not be in effect more than three (3) Interest Rates and Interest Periods; 

 

	 	(v)	 each such Request for Swing Line Advance shall be delivered to the Swing Line Lender by 3:00 p.m. (Detroit
time) on the proposed date of the Swing Line Advance; 

  
 51 

	 	(vi)	 each Request for Swing Line Advance, once delivered to Swing Line Lender, shall not be revocable by the
Borrower, and shall constitute and include a certification by the Borrower as of the date thereof that: 

  

	 	(A)	 all conditions to the making of Swing Line Advances set forth in this Agreement shall have been satisfied
and shall remain satisfied to the date of such Swing Line Advance (both before and immediately after giving effect to such Swing Line Advance); 

  

	 	(B)	 there is no Default or Event of Default in existence, and none will exist upon the making of such Swing Line
Advance (both before and immediately after giving effect to such Swing Line Advance); and 

  

	 	(C)	 the representations and warranties of the Credit Parties contained in this Agreement and the other Loan
Documents are true and correct in all material respects and shall be true and correct in all material respect as of the date of the making of such Swing Line Advance (both before and immediately after giving effect to such Swing Line Advance), other
than any representation or warranty that expressly speaks only as of a different date; 

  

	 	(vii)	 At the option of the Agent, subject to revocation by the Agent at any time and from time to time and so long
as the Agent is the Swing Line Lender, the Borrower may utilize the Agent’s “Sweep to Loan” automated system for obtaining Swing Line Advances and making periodic repayments. At any time during which the “Sweep to Loan”
system is in effect, Swing Line Advances shall be advanced to fund borrowing needs pursuant to the terms of the Sweep Agreement. Each time a Swing Line Advance is made using the “Sweep to Loan” system, the Borrower shall be deemed to have
certified to the Agent and the Lenders each of the matters set forth in clause (vi) of this
Section 2.5([b]c). Principal and interest on Swing Line Advances requested, or deemed
requested, pursuant to this Section shall be paid pursuant to the terms and conditions of the Sweep Agreement without any deduction, setoff or counterclaim whatsoever. Unless sooner paid pursuant to the provisions hereof or the provisions of the
Sweep Agreement, the principal amount of the Swing[ Loans] Line Advances shall be paid in full,
together with accrued interest thereon, on the Revolving Credit Maturity Date. The Agent may suspend or revoke the Borrower’s privilege to use the “Sweep to Loan” system at any time and from time to time for any reason and,
immediately upon any such revocation, the “Sweep to Loan” system shall no longer be available to the 

  
 52 

	 	 
Borrower for the funding of Swing Line Advances hereunder (or otherwise), and the regular procedures set forth in this Section 2.5 for the making of Swing Line Advances shall be deemed
immediately to apply. The Agent may, at its option, also elect to make Swing Line Advances upon the Borrower’s telephone requests on the basis set forth in the last paragraph of Section 2.3, provided that the Borrower complies with the
provisions set forth in this Section 2.5. 

 (d) Disbursement of Swing Line Advances. Upon
receiving any executed Request for Swing Line Advance from the Borrower and the satisfaction of the conditions set forth in Section 2.5(c) hereof, Swing Line Lender shall, at its option, make available to the Borrower the amount so requested in
Dollars not later than 4:00 p.m. (Detroit time) on the date of such Advance, by credit to an account of the Borrower maintained with the
Agent or, if approved in advance by the Agent in its sole discretion, to such other account or third party as the Borrower may
request in writing. Swing Line Lender shall promptly notify the Agent of any Swing Line Advance by telephone, telex or telecopier. 

(e) Refunding of or Participation Interest in Swing Line Advances. 

 

	 	(i)	 The Agent, at any time in its sole and absolute discretion, may, in each case on behalf of the Borrower
(which hereby irrevocably directs the Agent to act on their behalf) request each of the Revolving Credit Lenders (including the Swing Line Lender in its capacity as a Revolving Credit Lender) to make an Advance of the Revolving Credit to the
Borrower, in an amount equal to such Revolving Credit Lender’s Revolving Credit Percentage of the aggregate principal amount of the Swing Line Advances outstanding on the date such notice is given (the “Refunded Swing Line Advances”);
provided however that the Swing Line Advances carried at the Quoted Rate which are refunded with Revolving Credit Advances at the request of the Swing Line Lender at a time when no Default or Event of Default has occurred and is continuing shall not
be subject to Section 11.1 and no losses, costs or expenses may be assessed by the Swing Line Lender against the Borrower or the Revolving Credit Lenders as a consequence of such refunding. The applicable Revolving Credit Advances used to
refund any Swing Line Advances shall be Base Rate Advances. In connection with the making of any such Refunded Swing Line Advances or the purchase of a participation interest in Swing Line Advances under Section 2.5(e)(ii) hereof, the Swing
Line Lender shall retain its claim against the Borrower for any unpaid interest or fees in respect thereof accrued to the date of such refunding. Unless any of the events described in Section 9.1(i) hereof shall have occurred (in which event
the procedures of Section 2.5(e)(ii) shall apply) and regardless of whether the conditions precedent set forth in this Agreement to the making of a Revolving Credit Advance are then

  
 53 

	 	 
satisfied (but subject to Section 2.5(e)(iii)), each Revolving Credit Lender shall make the proceeds of its Revolving Credit Advance available to the Agent for the benefit of the Swing Line
Lender at the office of the Agent specified in Section 2.4(a) hereof prior to 11:00 a.m. Detroit time on the Business Day next succeeding the date such notice is given, in immediately available funds. The proceeds of such Revolving Credit
Advances shall be immediately applied to repay the Refunded Swing Line Advances, subject to Section 11.1 hereof. 

  

	 	(ii)	 If, prior to the making of an Advance of the Revolving Credit pursuant to Section 2.5(e)(i) hereof, one
of the events described in Section 9.1(i) hereof shall have occurred, each Revolving Credit Lender will, on the date such Advance of the Revolving Credit was to have been made, purchase from the Swing Line Lender an undivided participating
interest in each Swing Line Advance that was to have been refunded in an amount equal to its Revolving Credit Percentage of such Swing Line Advance. Each Revolving Credit Lender within the time periods specified in Section 2.5(e)(i) hereof, as
applicable, shall immediately transfer to the Agent, for the benefit of the Swing Line Lender, in immediately available funds, an amount equal to its Revolving Credit Percentage of the aggregate principal amount of all Swing Line Advances
outstanding as of such date. Upon receipt thereof, the Agent will deliver to such Revolving Credit Lender a Swing Line Participation Certificate evidencing such participation. 

 

	 	(iii)	 Each Revolving Credit Lender’s obligation to make Revolving Credit Advances to refund Swing Line
Advances, and to purchase participation interests, in accordance with Section 2.5(e)(i) and (ii), respectively, shall be absolute and unconditional and shall not be affected by any circumstance, including, without limitation, (A) any
set-off, counterclaim, recoupment, defense or other right which such Revolving Credit Lender may have against Swing Line Lender, the Borrower or any other Person for any reason whatsoever; (B) the occurrence or continuance of any Default or
Event of Default; (C) any adverse change in the condition (financial or otherwise) of the Borrower or any other Person; (D) any breach of this Agreement or any other Loan Document by the Borrower or any other Person; (E) any inability
of the Borrower to satisfy the conditions precedent to borrowing set forth in this Agreement on the date upon which such Revolving Credit Advance is to be made or such participating interest is to be purchased; (F) the termination of the
Revolving Credit Aggregate Commitment hereunder; or (G) any other circumstance, happening or event whatsoever, whether or not similar to any of the foregoing. If any Revolving Credit Lender does not make available to the Agent the amount
required pursuant to 

  
 54 

	 	 
Section 2.5(e)(i) or (ii) hereof, as the case may be, the Agent on behalf of the Swing Line Lender, shall be entitled to recover such amount on demand from such Revolving Credit Lender,
together with interest thereon for each day from the date of non-payment until such amount is paid in full (x) for the first two (2) Business Days such amount remains unpaid, at the
greater of the Federal Funds [Effective
]Rate and a rate determined by Agent in accordance with banking industry rules on interbank compensation and (y) thereafter, at
the rate of interest then applicable to such Swing Line Advances. The obligation of any Revolving Credit Lender to make available its pro rata portion of the amounts required pursuant to Section 2.5(e)(i) or (ii) hereof shall not be
affected by the failure of any other Revolving Credit Lender to make such amounts available, and no Revolving Credit Lender shall have any liability to any Credit Party, the Agent, the Swing Line Lender, or any other Revolving Credit Lender or any
other party for another Revolving Credit Lender’s failure to make available the amounts required under Section 2.5(e)(i) or (ii) hereof. 

  

	 	(iv)	 Notwithstanding the foregoing, no Revolving Credit Lender shall be required to make any Revolving Credit
Advance to refund a Swing Line Advance or to purchase a participation in a Swing Line Advance if at least two (2) Business Days prior to the making of such Swing Line Advance by the Swing Line Lender, the officers of the Swing Line Lender
immediately responsible for matters concerning this Agreement shall have received written notice from the Agent or any Lender that Swing Line Advances should be suspended based on the occurrence and continuance of a Default or Event of Default and
stating that such notice is a “notice of default”; provided, however that the obligation of the Revolving Credit Lenders to make or refund such Swing Line Advance or purchase a participation in such Swing Line Advance) shall be reinstated
upon the date on which such Default or Event of Default has been waived by the requisite Lenders. 

 2.6
Interest Payments; Default Interest. 

(a)
 Subject to clause (d) of this Section 2.6, (i) all Base Rate
Advances of the Revolving Credit and Swing Line shall bear interest at a per annum interest rate equal to the Base Rate plus the Applicable Margin, (ii) all BSBY Rate Advances of the Revolving Credit shall bear interest for each Interest Period
at a per annum interest rate equal to the BSBY Rate for such Interest Period plus the Applicable Margin and (iii) all Quoted Rate Advances of the Swing Line shall bear interest at a per annum interest rate equal to the Quoted Rate plus the
Applicable Margin, if any. 
 (b)
Accrued interest on each Revolving Credit Advance and Swing Line Advance shall be payable in arrears on each Interest Payment
Date applicable thereto and at such 

  
 55 

 
other times as may be specified herein; provided that (i) interest
accrued pursuant to clause (d) of this Section shall be payable on demand, (ii) in the event of any repayment or prepayment of any Revolving Credit Advance or Swing Line Advance (other than a prepayment of a Base Rate Advance prior to the
Revolving Credit Maturity Date), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of any conversion of any BSBY Rate Advance prior to the end of the
Interest Period therefor, accrued interest on such Advance shall be payable on the effective date of such conversion.  

(c)
 [(a) Interest on the unpaid balance of all Base Rate Advances of the Revolving Credit and the Swing Line from time to time
outstanding shall accrue from the date of such Advance to the date repaid, at a per annum interest rate equal to the Base Rate, and shall be payable in immediately available funds quarterly in arrears commencing on March 1, 2019, and on the
first day of each June, September, December and March thereafter. Whenever any payment under this Section 2.6(a) shall become due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day.
]Interest accruing at the Base Rate shall be computed on the basis of a 360
-day year and assessed for the actual number of days elapsed, and in
such computation effect shall be given to any change in the interest rate resulting from a change in the Base Rate on the date of such change in the Base Rate. 

[(b) Interest on each Eurodollar-based Advance of the
Revolving Credit shall accrue at its Eurodollar-based Rate and shall be payable in immediately available funds on the last day of the Eurodollar-Interest Period applicable thereto (and, if any Eurodollar-Interest Period shall exceed three months,
then on the last Business Day of the third month of such Eurodollar-Interest Period, and at three month intervals thereafter).] Interest accruing at the [Eurodollar-based]BSBY
 Rate shall be computed on the basis of a 360 -day year and assessed for the actual number of days elapsed from the first day of the [Eurodollar-]Interest Period applicable thereto to but not including the last day thereof.[(c) ] Interest [on each Quoted Rate Advance of the Swing Line shall accrue at its Quoted Rate and shall be payable in immediately available
funds on the last day of the Interest Period applicable thereto. Interest ]accruing at the Quoted Rate shall be computed on the basis of a 360-day year and assessed for the actual number
of days elapsed from the first day of the Interest Period applicable thereto to[,] but not including[,] the last day thereof. 

[(d) Notwithstanding anything to the contrary in the
preceding sections, all accrued and unpaid interest on any Revolving Credit Advance refunded or converted pursuant to Section 2.3 hereof and any Swing Line Advance refunded pursuant to Section 2.5(e) hereof, shall be due and payable in
full on the date such Advance is refunded or converted.] 

(d)
 ][(e) ] In the case of any Event of Default under
Section 9.1(i), immediately upon the occurrence and during the continuance thereof, and in the case of any other Event of Default, immediately upon receipt by the Agent of notice from the Majority Revolving Credit Lenders and thereafter during
the continuance of such Event of Default, interest shall be payable on demand on all Revolving Credit Advances and Swing Line Advances from time to time outstanding at a per annum rate equal to the [Applicable Interest Rate in respect of each such Advance plus, in the case of Eurodollar-based Advances and Quoted Rate Advances, three percent (3%) for the  

  
 56 

 
remainder of the then existing Interest Period, if any, and at all other such times, and for all Base Rate Advances from time
to time outstanding, at a per annum rate equal to the Base Rate plus three percent
(3%)]applicable Default Rate. 
 2.7 Optional Prepayments. 

(a) (i) The Borrower may prepay all or part of the outstanding principal of any Base Rate Advance(s) of the Revolving Credit at
any time, provided that, unless the “Sweep to Loan” system shall be in effect in respect of the Revolving Credit, after giving effect to any partial prepayment, the aggregate balance of Base Rate Advance(s) of the Revolving Credit
remaining outstanding shall be at least Five Million Dollars ($5,000,000), and (ii) [subject to Section 2.10(c) hereof, ]the Borrower may prepay all or part of the outstanding principal of any [Eurodollar-based]BSBY Rate Advance of the
Revolving Credit at any time (subject to not less than five (5) Business Days’ notice to the Agent) provided that, after giving effect to any partial prepayment, the unpaid portion of such Advance which is to be refunded or converted under
Section 2.3 hereof shall be at least One Million Dollars ($1,000,000). 
 (b) (i) The Borrower may prepay all or
part of the outstanding principal of any Swing Line Advance carried at the Base Rate at any time, provided that after giving effect to any partial prepayment, the aggregate balance of such Base Rate Advances remaining outstanding shall be at least
Two Hundred Fifty Thousand Dollars ($250,000) and (ii) [subject to Section 2.10(c) hereof, ]the Borrower may
prepay all or part of the outstanding principal of any Swing Line Advance carried at the Quoted Rate at any time (subject to not less than one (1) day’s notice to the Swing Line Lender) provided that after giving effect to any partial
prepayment, the aggregate balance of [such Quoted Rate ]Swing Line Advances remaining outstanding shall be at
least Two Hundred Fifty Thousand Dollars ($250,000). 
 (c) Any prepayment of a Base Rate Advance made in accordance
with this Section shall be without premium or penalty and any prepayment of any other type of Advance shall be subject to the provisions of Section 11.1 hereof, but otherwise without premium or penalty. 

2.8 Base Rate Advance in Absence of Election or Upon Default. If, (a) as to any outstanding [Eurodollar-based]BSBY
 Rate Advance of the Revolving Credit or any outstanding Quoted Rate Advance of the Swing Line, the Agent has not received payment of all outstanding principal and accrued interest on the last
day of the Interest Period applicable thereto, or does not receive a timely Request for Advance meeting the requirements of Section 2.3 or 2.5 hereof with respect to the refunding or conversion of such Advance, or (b) if on the last day of
the applicable Interest Period a Default or an Event of Default shall have occurred and be continuing, then, on the last day of the applicable Interest Period the principal amount of any [Eurodollar-based]BSBY
 Rate Advance or Quoted Rate Advance, as the case may be, which has not been prepaid shall, absent a contrary election of the Majority Revolving Credit Lenders, be converted automatically to a
Base Rate Advance and the Agent shall thereafter promptly notify the Borrower of said action. All accrued and unpaid interest on any Advance converted to a Base Rate Advance under this Section 2.8 shall be due and payable in full on the date
such Advance is converted. 
 2.9 Revolving Credit Facility Fee. From March 21, 2019 to the Revolving
Credit Maturity Date, the Borrower shall pay to the Agent for distribution to the Revolving Credit Lenders 

  
 57 

 
pro-rata in accordance with their respective Revolving Credit Percentages, a Revolving Credit Facility Fee quarterly in arrears commencing June 1, 2019, and on the first day of each
September, December, March and June thereafter (in respect of the prior three months or any portion thereof). The Revolving Credit Facility Fee payable to each Revolving Credit Lender shall be determined by multiplying the Applicable Fee Percentage
times the Revolving Credit Aggregate Commitment then in effect (whether used or unused). The Revolving Credit Facility Fee shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days
elapsed. Whenever any payment of the Revolving Credit Facility Fee shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next Business Day. Upon receipt of such payment, the Agent shall make prompt
payment to each Revolving Credit Lender of its share of the Revolving Credit Facility Fee based upon its respective Revolving Credit Percentage. It is expressly understood that the Revolving Credit Facility Fees described in this Section are not
refundable. [[per First
Amendment]] 

2.10 Mandatory Repayment of Revolving Credit Advances. 

(a) If at any time and for any reason the aggregate outstanding principal amount of Revolving Credit Advances plus Swing Line
Advances, plus the outstanding Letter of Credit Obligations, shall exceed the Revolving Credit Aggregate Commitment, the Borrower shall immediately reduce any pending request for a Revolving Credit Advance on such day by the amount of such excess
and, to the extent any excess remains thereafter, repay any Revolving Credit Advances and Swing Line Advances in an amount equal to the lesser of the outstanding amount of such Advances and the amount of such remaining excess, with such amounts to
be applied between the Revolving Credit Advances and Swing Line Advances as determined by the Agent and then, to the extent that any excess remains after payment in full of all Revolving Credit Advances and Swing Line Advances, to provide cash
collateral in support of any Letter of Credit Obligations in an amount equal to the lesser of (x) 105% of the amount of such Letter of Credit Obligations and (y) the amount of such remaining excess, with such cash collateral to be provided
on terms satisfactory to the Agent. The Borrower acknowledges that, in connection with any repayment required hereunder, it shall also be responsible for the reimbursement of any prepayment or other costs required under Section 11.1 hereof. Any
payments made pursuant to this Section shall be applied first to outstanding Base Rate Advances under the Revolving Credit, next to Swing Line Advances carried at the Base Rate and then to
[Eurodollar-based]BSBY
 Rate Advances of the Revolving Credit, and then to Swing Line Advances carried at the Quoted Rate. 

(b) Upon the payment in full of the Term Loan, any prepayments required to be made on the Term Loan pursuant to Sections
4.8(a), (b) and (c) of this Agreement shall instead be applied to prepay any amounts outstanding under the Revolving Credit, without resulting in a permanent reduction in the Revolving Credit Agreement Commitment. Subject to
Section 10.2 hereof, any payments made pursuant to this Section shall be applied first to outstanding Base Rate Advances under the Revolving Credit, next to Swing Line Advances carried at the Base Rate, next to [Eurodollar-based]BSBY
 Rate Advances under the Revolving Credit, and then to Swing Line Advances carried at the Quoted Rate. If any amounts remain thereafter, a portion of such prepayment equivalent to the undrawn
amount of any outstanding Letters of Credit shall be held by Lender as cash collateral for the Reimbursement Obligations, with any additional prepayment monies being applied to any Fees, costs or expenses due and outstanding under this Agreement,
and with the remainder of such prepayment thereafter being returned to the Borrower. 

  
 58 

 (c) To the extent that, on the date any mandatory repayment of the Revolving
Credit Advances under this Section 2.10 or payment pursuant to the terms of any of the Loan Documents is due, the Indebtedness under the Revolving Credit or any other Indebtedness to be prepaid is being carried, in whole or in part, at the [Eurodollar-based]BSBY
 Rate Rate and no Default or Event of Default has occurred and is continuing, the Borrower may deposit the amount of such mandatory prepayment in a cash collateral account to be held by the
Agent, for and on behalf of the Revolving Credit Lenders, on such terms and conditions as are reasonably acceptable to the Agent and upon such deposit the obligation of the Borrower to make such mandatory prepayment shall be deemed satisfied.
Subject to the terms and conditions of said cash collateral account, sums on deposit in said cash collateral account shall be applied (until exhausted) to reduce the principal balance of the Revolving Credit on the last day of each [Eurodollar-]Interest Period attributable to the
[Eurodollar-based]BSBY
 Rate Advances of such Revolving Credit Advance, thereby avoiding [breakage ]costs and expenses under Section 11.1 hereof; provided, however, that if a
Default or Event of Default shall have occurred and be continuing at any time while sums are on deposit in the cash collateral account, the Agent may, in its sole discretion, elect to apply such sums to reduce the principal balance of such [Eurodollar-based]BSBY
 Rate Advances prior to the last day of the applicable [Eurodollar-]Interest Period, and the Borrower will be obligated to pay any resulting [breakage ]costs and expenses under
Section 11.1. 
 2.11 Optional Reduction or Termination of Revolving Credit Aggregate Commitment. The
Borrower may, upon at least five (5) Business Days’ prior written notice to the Agent, permanently reduce the Revolving Credit Aggregate Commitment in whole at any time, or in part from time to time, without premium or penalty, provided
that: (i) each partial reduction of the Revolving Credit Aggregate Commitment shall be in an aggregate amount equal to Five Million Dollars ($5,000,000) or a larger integral multiple of One Hundred Thousand Dollars ($100,000); (ii) each
reduction shall be accompanied by the payment of the Revolving Credit Facility Fee, if any, accrued and unpaid to the date of such reduction; (iii) the Borrower shall prepay in accordance with the terms hereof the amount, if any, by which the
aggregate unpaid principal amount of Revolving Credit Advances and Swing Line Advances (including, without duplication, any deemed Advances made under Section 3.6 hereof) outstanding hereunder, plus the Letter of Credit Obligations, exceeds the
amount of the then applicable Revolving Credit Aggregate Commitment as so reduced, together with interest thereon to the date of prepayment; (iv) no reduction shall reduce the Revolving Credit Aggregate Commitment to an amount which is less
than the aggregate undrawn amount of any Letters of Credit outstanding at such time; and (v) no such reduction shall reduce the Swing Line Maximum Amount unless the Borrower so elects, provided that the Swing Line Maximum Amount shall at no
time be greater than the Revolving Credit Aggregate Commitment; provided, however that if the termination or reduction of the Revolving Credit Aggregate Commitment requires the prepayment of a
[Eurodollar-based]BSBY
 Rate Advance or a Quoted Rate Advance and such termination or reduction is made on a day other than the last Business Day of the then current Interest Period applicable to such [Eurodollar-based]BSBY
 Rate Advance or such Quoted Rate Advance, then, pursuant to Section 11.1, the Borrower shall compensate the Revolving Credit Lenders and/or the Swing Line Lender for any losses or, so
long as no Default or Event of Default has occurred and is continuing, the Borrower may deposit the amount of such prepayment in a collateral account as provided in Section 2.10(c). Reductions of the Revolving Credit Aggregate Commitment and
any accompanying prepayments of Advances of the Revolving Credit shall be distributed by the Agent to each Revolving Credit Lender in accordance with such Revolving Credit Lender’s Revolving Credit Percentage thereof, and will

  
 59 

 
not be available for reinstatement by or readvance to the Borrower, and any accompanying prepayments of Advances of the Swing Line shall be distributed by the Agent to the Swing Line Lender
and will not be available for reinstatement by or readvance to the Borrower. Any reductions of the Revolving Credit Aggregate Commitment hereunder shall reduce each Revolving Credit Lender’s portion thereof proportionately (based on the
applicable Percentages), and shall be permanent and irrevocable. Any payments made pursuant to this Section shall be applied first to outstanding Base Rate Advances under the Revolving Credit, next to Swing Line Advances carried at the Base Rate and
then to [Eurodollar-based]BSBY
Rate Advances of the Revolving Credit, and then to Swing Line Advances carried at the Quoted Rate.  

2.12 Use of Proceeds of Advances. Advances of the Revolving Credit shall be used to finance working capital and other
lawful corporate purposes. 
 2.13 Optional Increase in Revolving Credit. Borrower may request that the Revolving
Credit Aggregate Commitment be increased in an aggregate amount (for all such requests under this Section 2.13) not to exceed, when added to the amount of any Additional Term Loans and Term Loan Increases made in accordance with
Section 4.10, the Maximum Optional Increase Amount, subject, in each case, to Section 11.1 hereof and to the satisfaction concurrently with or prior to the date of each such request of the following conditions: 

(a) Borrower shall have delivered to the Agent a written request for such increase, specifying the amount of the requested
increase (each such request, a “Request for Revolving Credit Increase”); provided, however, that in the event Borrower previously delivered a Request for Revolving Credit Increase pursuant to this Section 2.13, Borrower may not
deliver a subsequent Request for Revolving Credit Increase until all the conditions to effectiveness of such first Request for Revolving Credit Increase have been fully satisfied (or such Request for Revolving Credit Increase has been withdrawn);
and provided further that Borrower may make no more than three (3) Requests for Revolving Credit Increase and no Request for Increase may be made on or after the date that is twelve (12) months prior to the Revolving Credit Maturity Date
without the consent of the Agent; 
 (b) within three (3) Business Days after the Agent’s receipt of the Request
for Revolving Credit Increase, the Agent shall inform each Revolving Credit Lender of the requested increase in the Revolving Credit Aggregate Commitment, offer each Revolving Credit Lender the opportunity to increase its Commitment in an amount
equal to its applicable Revolving Credit Percentage of the requested increase in the Revolving Credit Aggregate Commitment, and request each such Revolving Credit Lender to notify the Agent in writing whether such Revolving Credit Lender desires to
increase its applicable commitment by the requested amount. Each Revolving Credit Lender approving an increase in its applicable commitment by the requested amount shall deliver its written consent thereto no later than ten (10) Business Days
of the Agent’s informing such Revolving Credit Lender of the Request for Revolving Credit Increase; if the Agent shall not have received a written consent from a Revolving Credit Lender within such time period, such Revolving Credit Lender
shall be deemed to have elected not to increase its applicable Commitment. If any one or more Revolving Credit Lenders shall elect not to increase its commitment, then the Agent may offer the remaining increase amount to each other Revolving Credit
Lender hereunder on a non-pro rata basis, or to (A) any other Lender hereunder, or (B) any other Person meeting the requirements of Section 13.8 hereof (including, for the purposes of this

  
 60 

 
Section 2.13, any existing Revolving Credit Lender which agrees to increase its commitment hereunder, the “New Revolving Credit Lender(s)”), to increase their respective applicable
commitments (or to provide a commitment); 
 (c) the New Revolving Credit Lenders shall have become a party to this Agreement
by executing and delivering a New Lender Addendum for a minimum amount for each such New Revolving Credit Lender that was not an existing Revolving Credit Lender of $5,000,000 and an aggregate amount for all such New Revolving Credit Lenders of that
portion of the Revolving Credit Optional Increase, taking into account the amount of any prior increase in the Revolving Credit Aggregate Commitment (pursuant to this Section 2.13) covered by the applicable Request; provided, however, that each
New Revolving Credit Lender shall remit to the Agent funds in an amount equal to its Percentage (after giving effect to this Section 2.13) of all Advances of the Revolving Credit then outstanding, such sums to be reallocated among and paid to
the existing Revolving Credit Lenders based upon the new Percentages as determined below; 
 (d) no New Revolving Credit
Lender shall receive compensation (whether in the form of a fee, original issue discount or interest rate pricing) for its commitment under the Revolving Credit, except as set forth in this Agreement; 

(e) Borrower shall have paid to the Agent for distribution to the existing Revolving Credit Lenders, as applicable, all
interest, fees (including the Revolving Credit Facility Fee, which shall not be duplicative) and other amounts, if any, accrued to the effective date of such increase and any breakage fees attributable to the reduction (prior to the last day of the
applicable Interest Period) of any outstanding [Eurodollar-based]BSBY Rate Advances, calculated on the basis set forth in Section 11.1 hereof
as though Borrower had prepaid such Advances; 
 (f) if requested, Borrower shall have executed and delivered to the
Agent new Revolving Credit Notes payable to each of the New Revolving Credit Lenders in the face amount of each such New Revolving Credit Lender’s Percentage of the Revolving Credit Aggregate Commitment (after giving effect to this
Section 2.13) and, if applicable, renewal and replacement Revolving Credit Notes payable to each of the existing Revolving Credit Lenders in the face amount of each such Revolving Credit Lender’s Revolving Credit Percentage of the
Revolving Credit Aggregate Commitment (after giving effect to this Section 2.13), dated as of the effective date of such increase (with appropriate insertions relevant to such Notes and acceptable to the applicable Revolving Credit Lenders,
including the New Revolving Credit Lenders); 
 (g) prior to the date the increased commitment becomes available, the
Borrower shall have delivered to the Agent, in each case dated as of the date of the applicable increase: 

(i) a pro forma Covenant Compliance Report demonstrating that, upon giving effect to the applicable increase,
all financial covenants set forth in Section 7.9 would be satisfied on a pro forma basis on such date and for the most recent determination period for which the Borrower has delivered or is required to have delivered financial statements
pursuant to Section 7.1(a) or (b); 
 (ii) a certificate signed by a Responsible Officer of Borrower
(A) certifying and attaching the resolutions adopted by Borrower approving or 

  
 61 

 
consenting to such increase, and (B) certifying that, before and after giving effect to such increase, (1) the representations and warranties contained in this Agreement and the other
Loan Documents are true and correct in all material respects on and as of the date such increase becomes available, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and
correct in all material respects as of such earlier date, and (2) no Default or Event of Default shall have occurred and be continuing; 

(h) any Revolving Credit Optional Increase made pursuant to this Section 2.13, and any Advances made in respect thereof,
shall be subject to the same terms as are applicable to the existing Revolving Credit Aggregate Commitment and any Advances made in respect thereof; 

(i) such amendments, acknowledgments, consents, documents, instruments, any registrations, if any, shall have been executed and
delivered and/or obtained by Borrower as required by the Agent, in its reasonable discretion; and 
 (j) prior to the date
the increased commitment becomes available, each Lender shall have completed its flood insurance due diligence and flood insurance compliance as required as a result of such increase 

 

	3.	 LETTERS OF CREDIT. 

3.1 Letters of Credit. Subject to the terms and conditions of this Agreement, Issuing Lender may, but shall not be
required to, through the Issuing Office, at any time and from time to time from and after the date hereof until thirty (30) days prior to the Revolving Credit Maturity Date, upon the written request of the Borrower accompanied by a duly
executed Letter of Credit Agreement and such other documentation related to the requested Letter of Credit as the Issuing Lender may require, issue Letters of Credit in Dollars for the account of the Borrower, in an aggregate amount for all Letters
of Credit issued hereunder at any one time outstanding not to exceed the Letter of Credit Maximum Amount. Each Letter of Credit shall be in a minimum face amount of One Hundred Thousand Dollars ($100,000) (or such lesser amount as may be agreed to
by Issuing Lender) and each Letter of Credit (including any renewal thereof) shall expire not later than the first to occur of (i) twelve (12) months after the date of issuance thereof and (ii) ten (10) Business Days prior to the
Revolving Credit Maturity Date in effect on the date of issuance thereof. Notwithstanding the foregoing to the contrary, subject to the provisions of this clause 3.1, (a) the expiration date of a Letter of Credit may be up to one (1) year
later than the Revolving Credit Maturity Date if the Borrower cash collateralizes each such Letter of Credit having an expiry date later than the Revolving Credit Maturity Date on or before the thirtieth (30th) day prior to the Revolving Credit
Maturity Date by depositing in an account with the Agent, in the name of the Borrower, an amount in cash equal to 105% of the face amount of the applicable Letter(s) of Credit as of such date; and (b) any Letter of Credit (other than a Letter
of Credit which expires later than the Revolving Credit Maturity Date) may provide for the automatic renewal thereof for an additional one-year period (or, in the case of any renewal or extension thereof, one year after such renewal or extension),
subject however to the cash collateral requirement in clause (a) above in the event any such renewal would result in a Letter of Credit which expires later than the Revolving Credit Maturity Date. The Borrower hereby grants to the Bank, a
security interest in all cash collateral pledged pursuant to this clause 3.1 or otherwise under this Agreement. The submission 

  
 62 

 
of all applications in respect of and the issuance of each Letter of Credit hereunder shall be subject in all respects to such industry rules and governing law as are reasonably acceptable to the
Issuing Lender. In the event of any conflict between this Agreement and any Letter of Credit Document other than any Letter of Credit, this Agreement shall control. 

3.2 Conditions to Issuance. No Letter of Credit shall be issued (including the renewal or extension of any Letter of
Credit previously issued) at the request and for the account of the Borrower unless, as of the date of issuance (or renewal or extension) of such Letter of Credit: 
  

	 	(a)	 (i) after giving effect to the Letter of Credit requested, the Letter of Credit Obligations do not exceed
the Letter of Credit Maximum Amount; and (ii) after giving effect to the Letter of Credit requested, the Letter of Credit Obligations on such date plus the aggregate amount of all Revolving Credit Advances and Swing Line Advances (including all
Advances deemed disbursed by the Agent under Section 3.6(c) hereof in respect of the Borrower Reimbursement Obligations) hereunder requested or outstanding on such date do not exceed the Revolving Credit Aggregate Commitment;

  

	 	(b)	 the representations and warranties of the Credit Parties contained in this Agreement and the other Loan
Documents are true and correct in all material respects and shall be true and correct in all material respects as of date of the issuance of such Letter of Credit (both before and immediately after the issuance of such Letter of Credit), other than
any representation or warranty that expressly speaks only as of a different date; 

  

	 	(c)	 there is no Default or Event of Default in existence, and none will exist upon the issuance of such Letter
of Credit; 

  

	 	(d)	 the Borrower shall have delivered to Issuing Lender at its Issuing Office, not less than three
(3) Business Days prior to the requested date for issuance (or such shorter time as the Issuing Lender, in its sole discretion, may permit), the Letter of Credit Agreement related thereto, together with such other documents and materials as may
be required pursuant to the terms thereof, and the terms of the proposed Letter of Credit shall be reasonably satisfactory to Issuing Lender; 

  

	 	(e)	 no order, judgment or decree of any court, arbitrator or Governmental Authority shall purport by its terms
to enjoin or restrain Issuing Lender from issuing the Letter of Credit requested, or any Revolving Credit Lender from taking an assignment of its Revolving Credit Percentage thereof pursuant to Section 3.6 hereof, and no law, rule, regulation,
request or directive (whether or not having the force of law) shall prohibit the Issuing Lender from issuing, or any Revolving Credit Lender from taking an assignment of its Revolving Credit Percentage of, the Letter of Credit requested or letters
of credit generally; 

  
 63 

	 	(f)	 there shall have been (i) no introduction of or change in the interpretation of any law or regulation,
(ii) no declaration of a general banking moratorium by banking authorities in the United States, Michigan or the respective jurisdictions in which the Revolving Credit Lenders, the Borrower and the beneficiary of the requested Letter of Credit
are located, and (iii) no establishment of any new restrictions by any central bank or other governmental agency or authority on transactions involving letters of credit or on banks generally that, in any case described in this clause (e),
would make it unlawful or unduly burdensome for the Issuing Lender to issue or any Revolving Credit Lender to take an assignment of its Revolving Credit Percentage of the requested Letter of Credit or letters of credit generally;

  

	 	(g)	 if any Revolving Credit Lender is a Defaulting Lender, the Issuing Lender has entered into arrangements
satisfactory to it to eliminate the Fronting Exposure with respect to the participation in the Letter of Credit Obligations by such Defaulting Lender, including creation of a cash collateral account on terms satisfactory to the Agent or delivery of
other security to assure payment of such Defaulting Lender’s Percentage of all outstanding Letter of Credit Obligations; and 

  

	 	(h)	 Issuing Lender shall have received the issuance fees required in connection with the issuance of such Letter
of Credit pursuant to Section 3.4 hereof. 

 Each Letter of Credit Agreement submitted to Issuing Lender pursuant
hereto shall constitute the certification by the Borrower of the matters set forth in Sections 5.2 hereof. The Agent shall be entitled to rely on such certification without any duty of inquiry. 

3.3 Notice. The Issuing Lender shall deliver to the Agent, concurrently with or promptly following its issuance of any
Letter of Credit, a true and complete copy of each Letter of Credit. Promptly upon its receipt thereof, the Agent shall give notice, substantially in the form attached as Exhibit E, to each Revolving Credit Lender of the issuance of each Letter of
Credit, specifying the amount thereof and the amount of such Revolving Credit Lender’s Percentage thereof. 
 3.4
Letter of Credit Fees; Increased Costs. (a) The Borrower shall pay letter of credit fees as follows: 
  

	 	(i)	 A per annum letter of credit fee with respect to the undrawn amount of each Letter of Credit issued pursuant
hereto (based on the amount of each Letter of Credit) in the amount of the Applicable Fee Percentage (determined with reference to Annex I to this Agreement) shall be paid to the Agent for distribution to the Revolving Credit Lenders in accordance
with their Revolving Credit Percentages. 

  

	 	(ii)	 A letter of credit facing fee on the face amount of each Letter of Credit shall be paid to the Agent for
distribution to the Issuing 

  
 64 

	 	 
Lender for its own account, in accordance with the terms of the applicable Fee Letter. 

  

	 	(b)	 All payments by the Borrower to the Agent for distribution to the Issuing Lender or the Revolving Credit
Lenders under this Section 3.4 shall be made in Dollars in immediately available funds at the Issuing Office or such other office of the Agent as may be designated from time to time by written notice to the Borrower by the Agent. The fees
described in clauses (a)(i) and (ii) above (i) shall be nonrefundable under all circumstances, (ii) in the case of fees due under clause (a)(i) above, shall be payable upon the issuance of such Letter of Credit and quarterly in
advance on the first day of each calendar quarter thereafter and (iii) in the case of fees due under clause (a)(ii) above, shall be payable upon the issuance of such Letter of Credit and quarterly in advance thereafter. The fees due under
clause (a)(i) above shall be determined by multiplying the Applicable Fee Percentage times the undrawn amount of the face amount of each such Letter of Credit on the date of determination, and shall be calculated on the basis of a 360 day year and
assessed for the actual number of days from the date of the issuance thereof to the stated expiration thereof. The parties hereto acknowledge that, unless the Issuing Lender otherwise agrees, any material amendment and any extension to a Letter of
Credit issued hereunder shall be treated as a new Letter of Credit for the purposes of the letter of credit facing fee. [[per Second Amendment]
] 

  

	 	(c)	 If any Change in Law shall either (i) impose, modify or cause to be deemed applicable any reserve,
special deposit, limitation or similar requirement against letters of credit issued or participated in by, or assets held by, or deposits in or for the account of, Issuing Lender or any Revolving Credit Lender or (ii) impose on Issuing Lender
or any Revolving Credit Lender any other condition regarding this Agreement, the Letters of Credit or any participations in such Letters of Credit, and the result of any event referred to in clause (i) or (ii) above shall be to increase
the cost or expense to Issuing Lender or such Revolving Credit Lender of issuing or maintaining or participating in any of the Letters of Credit (which increase in cost or expense shall be determined by the Issuing Lender’s or such Revolving
Credit Lender’s reasonable allocation of the aggregate of such cost increases and expenses resulting from such events), then, upon demand by the Issuing Lender or such Revolving Credit Lender, as the case may be, the Borrower shall, within
thirty (30) days following demand for payment, pay to Issuing Lender or such Revolving Credit Lender, as the case may be, from time to time as specified by the Issuing Lender or such Revolving Credit Lender, additional amounts which shall be
sufficient to compensate the Issuing Lender or such Revolving Credit Lender for such increased cost and expense (together with interest on each such amount from ten days after the date such payment is due until payment in full thereof at the Base
Rate), provided that if the Issuing Lender or such Revolving Credit Lender could take any reasonable action, without cost or administrative or other burden 

  
 65 

	 	 
or restriction to such Lender, to mitigate or eliminate such cost or expense, it agrees to do so within a reasonable time after becoming aware of the foregoing matters. Each demand for payment
under this Section 3.4(c) shall be accompanied by a certificate of Issuing Lender or the applicable Revolving Credit Lender setting forth the amount of such increased cost or expense incurred by the Issuing Lender or such Revolving Credit
Lender, as the case may be, as a result of any event mentioned in clause (i) or (ii) above, and in reasonable detail, the methodology for calculating and the calculation of such amount, which certificate shall be prepared in good faith and
shall be conclusive evidence, absent manifest error, as to the amount thereof. 

 3.5 Other Fees. In
connection with the Letters of Credit, and in addition to the Letter of Credit Fees, the Borrower shall pay, for the sole account of the Issuing Lender, standard documentation, administration, payment and cancellation charges assessed by Issuing
Lender or the Issuing Office, at the times, in the amounts and on the terms set forth or to be set forth from time to time in the standard fee schedule of the Issuing Office in effect from time to time. 

3.6 Participation Interests in and Drawings and Demands for Payment Under Letters of Credit. 

(a) Upon issuance by the Issuing Lender of each Letter of Credit hereunder (and on the Effective Date with respect to each [Existing]existing
 Letter of Credit), each Revolving Credit Lender shall automatically acquire a pro rata participation interest in such Letter of Credit and each related Letter of Credit Payment based on its
respective Revolving Credit Percentage. 
 (b) If the Issuing Lender shall honor a draft or other demand for payment
presented or made under any Letter of Credit, the Borrower agrees to pay to the Issuing Lender an amount equal to the amount paid by the Issuing Lender in respect of such draft or other demand under such Letter of Credit and all reasonable and
invoiced out-of-pocket expenses paid or incurred by the Agent relative thereto not later than 1:00 p.m. (Detroit time), in Dollars, on (i) the Business Day that the Borrower received notice of such presentment and honor, if such notice is
received prior to 11:00 a.m. (Detroit time) or (ii) the Business Day immediately following the day that the Borrower received such notice, if such notice is received after 11:00 a.m. (Detroit time). 

(c) If the Issuing Lender shall honor a draft or other demand for payment presented or made under any Letter of Credit, but the
Borrower does not reimburse the Issuing Lender as required under clause (b) above and the Revolving Credit Aggregate Commitment has not been terminated (whether by maturity, acceleration or otherwise), the Borrower shall be deemed to have
immediately requested that the Revolving Credit Lenders make a Base Rate Advance of the Revolving Credit (which Advance may be subsequently converted at any time into a
[Eurodollar-based]BSBY
 Rate Advance pursuant to Section 2.3 hereof) in the principal amount equal to the amount paid by the Issuing Lender in respect of such draft or other demand under such Letter of Credit
and all reasonable and invoiced out-of-pocket expenses paid or incurred by the Agent relative thereto. The Agent will promptly notify the Revolving Credit Lenders of such deemed request, and each such Lender shall make available to the Agent an
amount equal to its pro rata share (based on its Revolving Credit Percentage) of the amount of such Advance. 

  
 66 

 (d) If the Issuing Lender shall honor a draft or other demand for payment
presented or made under any Letter of Credit, but the Borrower does not reimburse the Issuing Lender as required under clause (b) above, and (i) the Revolving Credit Aggregate Commitment has been terminated (whether by maturity,
acceleration or otherwise), or (ii) any reimbursement received by the Issuing Lender from the Borrower is or must be returned or rescinded upon or during any bankruptcy or reorganization of any Credit Party or otherwise, then the Agent shall
notify each Revolving Credit Lender, and each Revolving Credit Lender will be obligated to pay the Agent for the account of the Issuing Lender its pro rata share (based on its Revolving Credit Percentage) of the amount paid by the Issuing Lender in
respect of such draft or other demand under such Letter of Credit and all reasonable and invoiced out-of-pocket expenses paid or incurred by the Agent relative thereto (but no such payment shall diminish the obligations of the Borrower hereunder).
Upon receipt thereof, the Agent will deliver to such Revolving Credit Lender a participation certificate evidencing its participation interest in respect of such payment and expenses. To the extent that a Revolving Credit Lender fails to make such
amount available to the Agent by 11:00 am Detroit time on the Business Day next succeeding the date such notice is given, such Revolving Credit Lender shall pay interest on such amount in respect of each day from the date such amount was required to
be paid, to the date paid to the Agent, at the rate applicable under Section 2.4(c)(i) in respect of Revolving Credit Advances. The failure of any Revolving Credit Lender to make its pro rata portion of any such amount available under to the
Agent shall not relieve any other Revolving Credit Lender of its obligation to make available its pro rata portion of such amount, but no Revolving Credit Lender shall be responsible for failure of any other Revolving Credit Lender to make such pro
rata portion available to the Agent. 
 (e) In the case of any Advance made under this Section 3.6, each such Advance
shall be disbursed notwithstanding any failure to satisfy any conditions for disbursement of any Advance set forth in Article 2 hereof or Article 5 hereof, and, to the extent of the Advance so disbursed, the Reimbursement Obligation of the Borrower
to the Agent under this Section 3.6 shall be deemed satisfied (unless, in each case, taking into account any such deemed Advances, the aggregate outstanding principal amount of Advances of the Revolving Credit and the Swing Line, plus the
Letter of Credit Obligations (other than the Reimbursement Obligations to be reimbursed by this Advance) on such date exceed the then applicable Revolving Credit Aggregate Commitment). 

(f) If the Issuing Lender shall honor a draft or other demand for payment presented or made under any Letter of Credit, the
Issuing Lender shall provide notice thereof to the Borrower on the date such draft or demand is honored, and to each Revolving Credit Lender on such date unless the Borrower shall have satisfied its reimbursement obligations by payment to the Agent
(for the benefit of the Issuing Lender) as required under this Section 3.6. The Issuing Lender shall further use reasonable efforts to provide notice to the Borrower prior to honoring any such draft or other demand for payment, but such notice,
or the failure to provide such notice, shall not affect the rights or obligations of the Issuing Lender with respect to any Letter of Credit or the rights and obligations of the parties hereto, including without limitation the obligations of the
Borrower under this Section 3.6. 
 (g) Notwithstanding the foregoing however no Revolving Credit Lender shall be deemed
to have acquired a participation in a Letter of Credit if the officers of the Issuing Lender immediately responsible for matters concerning this Agreement shall have received written notice 

  
 67 

 
from the Agent or any Lender at least two (2) Business Days prior to the date of the issuance or extension of such Letter of Credit or, with respect to any Letter of Credit subject to
automatic extension, at least five (5) Business Days prior to the date that the beneficiary under such Letter of Credit must be notified that such Letter of Credit will not be renewed, that the issuance or extension of Letters of Credit should
be suspended based on the occurrence and continuance of a Default or Event of Default and stating that such notice is a “notice of default”; provided, however that the Revolving Credit Lenders shall be deemed to have acquired such a
participation upon the date on which such Default or Event of Default has been waived by the requisite Revolving Credit Lenders, as applicable. 

(h) Nothing in this Agreement shall be construed to require or authorize any Revolving Credit Lender to issue any Letter of
Credit, it being recognized that the Issuing Lender shall be the sole issuer of Letters of Credit under this Agreement. 

(i) In the event that any Revolving Credit Lender becomes a Defaulting Lender, the Issuing Lender may, at its option, require
that the Borrower enter into arrangements satisfactory to Issuing Lender to eliminate the Fronting Exposure with respect to the participation in the Letter of Credit Obligations by such Defaulting Lender, including creation of a cash collateral
account on terms satisfactory to the Agent or delivery of other security to assure payment of such Defaulting Lender’s Percentage of all outstanding Letter of Credit Obligations. 

3.7 Obligations Irrevocable. The obligations of the Borrower to make payments to the Agent for the account of Issuing
Lender or the Revolving Credit Lenders with respect to Letter of Credit Obligations under Section 3.6 hereof, shall be unconditional and irrevocable and not subject to any qualification or exception whatsoever, including, without limitation:

  

	 	(a)	 Any lack of validity or enforceability of any Letter of Credit, any Letter of Credit Agreement, any other
documentation relating to any Letter of Credit, this Agreement or any of the other Loan Documents (the “Letter of Credit Documents”); 

  

	 	(b)	 Any amendment, modification, waiver, consent, or any substitution, exchange or release of or failure to
perfect any interest in collateral or security, with respect to or under any Letter of Credit Document; 

  

	 	(c)	 The existence of any claim, setoff, defense or other right which the Borrower may have at any time against
any beneficiary or any transferee of any Letter of Credit (or any persons or entities for whom any such beneficiary or any such transferee may be acting), the Agent, the Issuing Lender or any Revolving Credit Lender or any other Person, whether in
connection with this Agreement, any of the Letter of Credit Documents, the transactions contemplated herein or therein or any unrelated transactions; 

  

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

  
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	 	(e)	 Payment by the Issuing Lender to the beneficiary under any Letter of Credit against presentation of
documents which do not comply with the terms of such Letter of Credit, including failure of any documents to bear any reference or adequate reference to such Letter of Credit; 

 

	 	(f)	 Any failure, omission, delay or lack on the part of the Agent, Issuing Lender or any Revolving Credit Lender
or any party to any of the Letter of Credit Documents or any other Loan Document to enforce, assert or exercise any right, power or remedy conferred upon the Agent, Issuing Lender, any Revolving Credit Lender or any such party under this Agreement,
any of the other Loan Documents or any of the Letter of Credit Documents, or any other acts or omissions on the part of the Agent, Issuing Lender, any Revolving Credit Lender or any such party; or 

 

	 	(g)	 Any other event or circumstance that would, in the absence of this Section 3.7, result in the release
or discharge by operation of law or otherwise of the Borrower from the performance or observance of any obligation, covenant or agreement contained in Section 3.6 hereof. 

No setoff, counterclaim, reduction or diminution of any obligation or any defense of any kind or nature which the Borrower has or may have
against the beneficiary of any Letter of Credit shall be available hereunder to the Borrower against the Agent, Issuing Lender or any Revolving Credit Lender. With respect to any Letter of Credit, nothing contained in this Section 3.7 shall be
deemed to prevent the Borrower, after satisfaction in full of the absolute and unconditional obligations of the Borrower hereunder with respect to such Letter of Credit, from asserting in a separate action any claim, defense, set off or other right
which they (or any of them) may have against the Agent, Issuing Lender or any Revolving Credit Lender in connection with such Letter of Credit. 

3.8 Risk Under Letters of Credit. 

(a) In the administration and handling of Letters of Credit and any security therefor, or any documents or instruments given in
connection therewith, Issuing Lender shall have the sole right to take or refrain from taking any and all actions under or upon the Letters of Credit. 

(b) Subject to other terms and conditions of this Agreement, Issuing Lender shall issue the Letters of Credit and shall hold
the documents related thereto in its own name and shall make all collections thereunder and otherwise administer the Letters of Credit in accordance with Issuing Lender’s regularly established practices and procedures and will have no further
obligation with respect thereto. In the administration of Letters of Credit, Issuing Lender shall not be liable for any action taken or omitted on the advice of counsel, accountants, appraisers or other experts selected by Issuing Lender with due
care and Issuing Lender may rely upon any notice, communication, certificate or other statement from the Borrower, beneficiaries of Letters of Credit, or any other Person which Issuing Lender believes to be authentic. Issuing Lender will, upon
request, furnish the Revolving Credit Lenders with copies of Letter of Credit Documents related thereto. 
 (c) In connection
with the issuance and administration of Letters of Credit and the assignments hereunder, Issuing Lender makes no representation and shall have no responsibility 

  
 69 

 
with respect to (i) the obligations of the Borrower or the validity, sufficiency or enforceability of any document or instrument given in connection therewith, or the taking of any action
with respect to same, (ii) the financial condition of, any representations made by, or any act or omission of the Borrower or any other Person, or (iii) any failure or delay in exercising any rights or powers possessed by Issuing Lender in
its capacity as issuer of Letters of Credit in the absence of its gross negligence or willful misconduct. Each of the Revolving Credit Lenders expressly acknowledges that it has made and will continue to make its own evaluations of the
Borrower’s creditworthiness without reliance on any representation of Issuing Lender or Issuing Lender’s officers, agents and employees. 

(d) If at any time Issuing Lender shall recover any part of any unreimbursed amount for any draw or other demand for payment
under a Letter of Credit, or any interest thereon, the Agent or Issuing Lender, as the case may be, shall receive same for the pro rata benefit of the Revolving Credit Lenders in accordance with their respective Percentages and shall promptly
deliver to each Revolving Credit Lender its share thereof, less such Revolving Credit Lender’s pro rata share of the out-of-pocket costs of such recovery, including court costs and reasonable and invoiced outside attorney’s fees. If at any
time any Revolving Credit Lender shall receive from any source whatsoever any payment on any such unreimbursed amount or interest thereon in excess of such Revolving Credit Lender’s Percentage of such payment, such Revolving Credit Lender will
promptly pay over such excess to the Agent, for redistribution in accordance with this Agreement. 
 3.9
Indemnification. The Borrower hereby indemnifies and agrees to hold harmless the Revolving Credit Lenders, the Issuing Lender and the Agent and their respective Affiliates, and the respective officers, directors, employees and agents of such
Persons (each an “L/C Indemnified Person”), from and against any and all claims, damages, losses, liabilities, reasonable and invoiced out-of-pocket costs or expenses of any kind or nature whatsoever which the Revolving Credit Lenders, the
Issuing Lender or the Agent or any such Person may incur or which may be claimed against any of them by reason of or in connection with any Letter of Credit (collectively, the “L/C Indemnified Amounts”), and none of the Issuing Lender, any
Revolving Credit Lender or the Agent or any of their respective officers, directors, employees or agents shall be liable or responsible for: 
  

	 	(a)	 the use which may be made of any Letter of Credit or for any acts or omissions of any beneficiary in
connection therewith; 

  

	 	(b)	 the validity, sufficiency or genuineness of documents or of any endorsement thereon, even if such documents
should in fact prove to be in any or all respects invalid, insufficient, fraudulent or forged; 

  

	 	(c)	 payment by the Issuing Lender to the beneficiary under any Letter of Credit against presentation of
documents which do not strictly comply with the terms of any Letter of Credit (unless such payment resulted from the gross negligence or willful misconduct of the Issuing Lender), including failure of any documents to bear any reference or adequate
reference to such Letter of Credit; 

  
 70 

	 	(d)	 any error, omission, interruption or delay in transmission, dispatch or delivery of any message or advice,
however transmitted, in connection with any Letter of Credit; or 

  

	 	(e)	 any other event or circumstance whatsoever arising in connection with any Letter of Credit.

 It is understood that in making any payment under a Letter of Credit the Issuing Lender will rely on documents
presented to it under such Letter of Credit as to any and all matters set forth therein without further investigation and regardless of any notice or information to the contrary. 

With respect to subparagraphs (a) through (e) hereof, (i) no Borrower shall be required to indemnify any L/C Indemnified Person
for any L/C Indemnified Amounts to the extent such amounts result from the gross negligence or willful misconduct of such L/C Indemnified Person or any officer, director, employee or agent of such L/C Indemnified Person, and (ii) the Agent and
the Issuing Lender shall be liable to the Borrower to the extent, but only to the extent, of any direct, as opposed to consequential or incidental, damages suffered by the Borrower which were caused by the gross negligence or willful misconduct of
the Issuing Lender or any officer, director, employee or agent of the Issuing Lender or by the Issuing Lender’s wrongful dishonor of any Letter of Credit after the presentation to it by the beneficiary thereunder of a draft or other demand for
payment and other documentation strictly complying with the terms and conditions of such Letter of Credit. Notwithstanding anything to the contrary, it is agreed that none of the Credit Parties shall be required to reimburse legal fees or expenses
of more than one counsel (and, if relevant, one firm of local counsel in each relevant jurisdiction and other necessary special counsel) or more than one other advisor to all indemnitees described above, taken as a whole (other than such additional
counsel as may be appointed in the event of a conflict). 
 3.10 Right of Reimbursement. Each Revolving Credit Lender
agrees to reimburse the Issuing Lender on demand, pro rata in accordance with its respective Revolving Credit Percentage, for (i) the reasonable out-of-pocket costs and expenses of the Issuing Lender to be reimbursed by the Borrower pursuant to
any Letter of Credit Agreement or any Letter of Credit, to the extent not reimbursed by the Borrower or any other Credit Party and (ii) any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, fees,
reasonable out-of-pocket expenses or disbursements of any kind and nature whatsoever which may be imposed on, incurred by or asserted against Issuing Lender in any way relating to or arising out of this Agreement (including Section 3.6(c)
hereof), any Letter of Credit, any documentation or any transaction relating thereto, or any Letter of Credit Agreement, to the extent not reimbursed by the Borrower, except to the extent that such liabilities, losses, costs or expenses were
incurred by Issuing Lender as a result of Issuing Lender’s gross negligence or willful misconduct or by the Issuing Lender’s wrongful dishonor of any Letter of Credit after the presentation to it by the beneficiary thereunder of a draft or
other demand for payment and other documentation strictly complying with the terms and conditions of such Letter of Credit. 
  

	4.	 TERM LOAN. 

  
 71 

 4.1 Term Loan. Subject to the terms and conditions hereof, each Term
Loan Lender, severally and for itself alone, agrees to lend to the Borrower, in a single disbursement in Dollars on the Effective Date an amount equal to such Lender’s Percentage of the Term Loan. 

4.2 Accrual of Interest and Maturity; Evidence of Indebtedness. 

(a) The Borrower hereby unconditionally promises to pay to the Agent for the account of each Term Loan Lender such
Lender’s Percentage of the then unpaid aggregate principal amount of Term Loan outstanding on the Term Loan Maturity Date and on such other dates and in such other amounts as may be required from time to time pursuant to this Agreement. Subject
to the terms and conditions hereof, the unpaid principal Indebtedness outstanding under the Term Loan shall, from the Effective Date (until paid), bear interest at the Applicable Interest Rate. There shall be no readvance or reborrowings of any
principal reductions of the Term Loan. 
 (b) Each Term Loan Lender shall maintain in accordance with its usual practice an
account or accounts evidencing indebtedness of the Borrower to the appropriate lending office of such Term Loan Lender resulting from each Advance of the Term Loan made by such lending office of such Lender from time to time, including the amounts
of principal and interest payable thereon and paid to such Term Loan Lender from time to time under this Agreement. 
 (c)
The Agent shall maintain the Register pursuant to Section 13.8(h), and a subaccount therein for each Term Loan Lender, in which Register and subaccounts (taken together) shall be recorded (i) the amount of each Advance of the Term Loan
made hereunder, the type thereof and each [Eurodollar-]Interest Period applicable to any [Eurodollar-based]BSBY
 Rate Advance, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Term Loan Lender hereunder in respect of the Advances of
the Term Loan and (iii) both the amount of any sum received by the Agent hereunder from the Borrower in respect of the Advances of the Term Loan and each Term Loan Lender’s share thereof. 

(d) The entries made in the Register pursuant to paragraph (c) of this Section 4.2 and Section 13.8(h) shall,
absent manifest error, to the extent permitted by applicable law, be prima facie evidence of the existence and amounts of the obligations of the Borrower therein recorded; provided, however, that the failure of any Term Loan Lender or
the Agent to maintain the Register or any such account, as applicable, or any error therein, shall not in any manner affect the obligation of the Borrower to repay the Advances of the Term Loan (and all other amounts owing with respect thereto) made
to the Borrower by the Term Loan Lenders in accordance with the terms of this Agreement. 
 (e) The Borrower agrees that,
upon written request to the Agent by any Term Loan Lender, the Borrower will execute and deliver to such Term Loan Lender, at the Borrower’s expense, a Term Loan Note evidencing the outstanding Advances under the Term Loan, owing to such Term
Loan Lender. 
 4.3 Repayment of Principal. (a) The Borrower shall repay the Term Loan in quarterly installments
[each equal to
$2,500,000]in the amounts set forth below, commencing on
March 1, 2022 and on the first day of each June,
September, December[,] and March
[and June (commencing December 1,
2019)]thereafter, until the Term Loan Maturity Date, when all 

  
 72 

 
remaining outstanding principal plus accrued interest thereon shall be due and payable in full[.
[per Second Amendment]
]:

  

					
	
Payment
Dates
	  	Payment (to be
made on each
stated date)	 
	 March 1,
2022 through December 1, 2024
	  	$	2,000,000	 
	 March 1,
2025 and thereafter
	  	$	3,000,000	 
	 Term Loan
Maturity Date
	  	 

	Any
amounts of
principal
or interest
then
outstanding
on the
Term Loan	 
 
 
 
 
 
 
 

(b)
[(a) ]Whenever any payment under this Section 4.3
shall become due on a day that is not a Business Day, the date for payment thereunder shall be extended to the next Business Day. 

4.4 Term Loan Rate Requests; Refundings and Conversions of Advances of the Term Loan. On the Effective Date, the
Applicable Interest Rate for all Term Loan Advances shall be the Applicable Interest Rate for Base Rate Advances. Thereafter,
the Borrower may refund all or any portion of any Advance of the Term Loan as a Term Loan Advance with a like [Eurodollar-]Interest Period or convert each such Advance of the Term Loan to an Advance with a different [Eurodollar-]Interest Period, but only after delivery to the Agent of a Term Loan Rate Request executed in connection with the Term Loan by an Authorized Signer and subject to the terms hereof and to the following:

 (a) each Term Loan Rate Request shall set forth the information required on the Term Loan Rate Request form with
respect to the Term Loan, including without limitation: 
  

	 	(i)	 whether the Term Loan Advance is a refunding or conversion of an outstanding Term Loan Advance;

  

	 	(ii)	 in the case of a refunding or conversion of an outstanding Term Loan Advance, the proposed date of such
refunding or conversion, which must be a Business Day; and 

  

	 	(iii)	 whether such Term Loan Advance (or any portion thereof) is to be a Base Rate Advance or a [Eurodollar-based]BSBY Rate Advance, and, in the case of a
[Eurodollar-based]BSBY Rate Advance, the
[Eurodollar-]Interest Period(s) applicable thereto. 

(b) each such Term Loan Rate Request shall be delivered to the Agent (i) by 1:00 p.m. (Detroit time) three
(3) Business Days prior to the proposed date of the refunding or conversion of a [Eurodollar-based]BSBY Rate Advance or (ii) by 1:00 p.m. on the proposed date of the refunding
or conversion of a Base Rate Advance; 

  
 73 

 (c) the principal amount of such Advance of the Term Loan plus the amount of
any other Advance of the Term Loan to be then combined therewith having the same Applicable Interest Rate and [Eurodollar-]Interest Period, if any, shall be (i) in the case of a Base Rate Advance, at least Three Million Dollars ($3,000,000), or the remaining principal balance outstanding under the Term Loan, whichever is less,
and (ii) in the case of a
[Eurodollar-based]BSBY
 Rate Advance, at least Five Million Dollars ($5,000,000) or the remaining principal balance outstanding under the Term Loan, whichever is less, or in each case a larger integral multiple of
One Hundred Thousand Dollars ($100,000); 
 (d) no Term Loan Advance shall have [a
Eurodollar-]an Interest Period ending after the Term Loan Maturity Date, and, notwithstanding any provision hereof to the contrary, the Borrower shall select
[Eurodollar-]Interest Periods (or the Base Rate) for sufficient portions of the Term Loan such that the
Borrower may make the required principal payments hereunder on a timely basis and otherwise in accordance with Section 4.5 below; 

(e) at no time shall there be more than three
(3) [Eurodollar-]Interest Periods in effect for Advances of the Term Loan; and 

(f) a Term Loan Rate Request, once delivered to the Agent, shall not be revocable by the Borrower. 

4.5 Base Rate Advance in Absence of Election or Upon Default. In the event the Borrower shall fail with respect to any [Eurodollar-based]BSBY
 Rate Advance of the Term Loan to timely exercise its option to refund or convert such Advance in accordance with Section 4.4 hereof (and such Advance has not been paid in full on the
last day of the [Eurodollar-]Interest Period applicable thereto according to the terms hereof), or, if on the
last day of the applicable [Eurodollar-]Interest Period, a Default or Event of Default shall exist, then, on
the last day of the applicable [Eurodollar-]Interest Period, the principal amount of such Advance which has not
been prepaid shall be automatically converted to a Base Rate Advance and the Agent shall thereafter promptly notify the Borrower thereof. All accrued and unpaid interest on any Advance converted to a Base Rate Advance under this Section 4.5
shall be due and payable in full on the date such Advance is converted. 

  
 74 

 4.6 Interest Payments; Default Interest. 

(a)
Subject to clause (d) of this Section 4.6, (i) all Base Rate Advances of the Term Loans shall bear interest at a per annum interest rate equal to the Base Rate plus the Applicable Margin and (ii) all BSBY Rate Advances of the
Term Loan shall bear interest for each Interest Period at a per annum interest rate equal to the BSBY Rate for such Interest Period plus the Applicable Margin. 

(b)
Accrued interest on each Term Loan Advance shall be payable in arrears on each Interest Payment Date applicable thereto and at such other times as may be specified herein; provided that (i) interest accrued pursuant to clause (d) of this
Section shall be payable on demand, (ii) in the event of any repayment or prepayment of any Term Loan Advance (other than a prepayment of a Base Rate Advance prior to the Term Loan Maturity Date), accrued interest on the principal amount repaid
or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of any conversion of any BSBY Rate Advance prior to the end of the Interest Period therefor, accrued interest on such Advance shall be payable on the
effective date of such conversion.  

(c) [(a) Interest on the unpaid principal of all Base Rate
Advances of the Term Loan from time to time outstanding shall accrue until paid at a per annum interest rate equal to the Base Rate, and shall be payable in immediately available funds quarterly in arrears commencing on March 1, 2019, and on the
first day of each June, September, December and March thereafter. Whenever any payment under this Section 4.6 shall become due on a day that is not a Business Day, the date for payment shall be extended to the next Business Day.
]Interest accruing at the Base Rate shall be computed on the basis of a 360 -day year and assessed for the actual number of days elapsed, and in such computation effect shall be given to any change in the interest rate resulting from a change in the Base Rate on the date of such change in
the Base Rate. 
 [(b) Interest on
the unpaid principal of each Eurodollar-based Advance of the Term Loan having a related Eurodollar-Interest Period of three (3) months or less shall accrue at its applicable Eurodollar-based Rate and shall be payable in immediately available
funds on the last day of the Eurodollar-Interest Period applicable thereto.] Interest accruing at the [Eurodollar-based]BSBY Rate shall be computed on the basis of a 360-day year and assessed for the actual number of days elapsed from the first
day of the [Eurodollar-]Interest Period applicable thereto to[,] but
not including[,] the last day thereof. 

[(c) Notwithstanding anything to the contrary in
Section 4.6(a) or (b) hereof, all accrued and unpaid interest on any Term Loan Advance refunded or converted pursuant to Section 4.4 hereof shall be due and payable in full on the date such Term Loan Advance is refunded or
converted.] 
 (d) In the case of any Event of Default under Section 9.1(i), immediately upon
the occurrence and during the continuance thereof, and in the case of any other Event of Default, upon notice from the Majority Term Loan Lenders and thereafter during the continuance of such Event of Default, interest shall be payable on demand on
the principal amount of all Advances the Term Loan from time to time outstanding, as applicable, at a per annum rate equal to the [Applicable  

  
 75 

 
Interest]applicable Default Rate[ in respect of each such Advance, plus, in the case of Eurodollar-based Advances, three percent (3%) for the remainder of the then existing Eurodollar-Interest Period, if any, and
at all other such times and for all Base Rate Advances, at a per annum rate equal to the Base Rate plus three percent (3%)]. 

4.7 Optional Prepayment of Term Loan. 

(a) Subject to clause (b) hereof, the Borrower (at its option), may prepay all or any portion of the outstanding principal
of any Term Loan Advance bearing interest at the Base Rate at any time, and may prepay all or any portion of the outstanding principal of the Term Loan bearing interest at the
[Eurodollar-based]BSBY
 Rate upon [one]five
([1]5
) Business Day’s notice to the Agent by wire, telecopy or by telephone (confirmed by wire or telecopy), with accrued interest on the principal being prepaid to the date of such
prepayment. Any prepayment of a portion of the Term Loan as to which the Applicable Interest Rate is the Base Rate shall be without premium or penalty and any prepayment of a portion of the Term Loan as to which the Applicable Interest Rate is the
[Eurodollar-based]BSBY
 Rate shall be without premium or penalty, except to the extent set forth in Section 11.1. 

(b) Each partial prepayment of the Term Loan shall be applied to all installments of the Term Loan due thereunder in the
inverse order of their maturities to all such principal payments as follows: first to that portion of the Term Loan outstanding as a Base Rate Advance, second to that portion of the Term Loan outstanding as [Eurodollar-based]BSBY
 Rate Advances which have [Eurodollar-]Interest
Periods ending on the date of payment, and last to any remaining Advances of the Term Loan being carried at the [Eurodollar-based]BSBY Rate. 

(c) All prepayments of the Term Loan shall be made to the Agent for distribution to the applicable Term Loan Lenders in
accordance with their respective Term Loan Percentages. 
 4.8 Mandatory Prepayment of Term Loan. 

(a) Subject to clauses (e) and (f) hereof, the Term Loan shall be subject to required principal reductions in the
amount of the Applicable Excess Cash Flow Percentage of Excess Cash Flow for each Fiscal Year, such prepayments to be payable in respect of each Fiscal Year beginning with the Fiscal Year ending March 31, 2020, and each Fiscal Year thereafter,
and to be due on the tenth (10th) Business Day after the required date of delivery of Borrower’s annual financial statements under Section 7.1(a) for the applicable Fiscal Year.

 (b) Subject to clauses (e) and (f) hereof, promptly (and in any event no later than three (3) Business Days
after receipt) upon receipt by any Credit Party of any Net Cash Proceeds from any Asset Sales in excess of $500,000 in any fiscal year of Borrower which are not Reinvested as described in the following sentence, the Borrower shall prepay the Term
Loan by an amount equal to one hundred percent (100%) of such Net Cash Proceeds provided, however that the Borrower shall not be obligated to prepay the Term Loan with such Net Cash Proceeds if the following conditions are satisfied:
(i) promptly following the sale, the Borrower provides to the Agent a certificate executed by a Responsible Officer of the Borrower (“Reinvestment Certificate”) stating (x) that the sale has occurred, (y) that no Default or
Event of Default has occurred and is continuing either as of the date of the sale or as of the date of the Reinvestment Certificate, and (z) a 

  
 76 

 
description of the planned Reinvestment of the proceeds thereof, (ii) the Reinvestment of such Net Cash Proceeds is commenced within the Initial Reinvestment Period and completed within the
Reinvestment Period, and (iii) no Default or Event of Default has occurred and is continuing at the time of the sale and at the time of the application of such proceeds to Reinvestment. If any such proceeds have not been Reinvested at the end
of the Reinvestment Period, the Borrower shall promptly pay such proceeds to the Agent, to be applied to repay the Term Loan in accordance with clauses (e) and (f) hereof. 

(c) Subject to clauses (e) and (f) hereof, promptly (and in any event no later than three (3) Business Days
after receipt) upon receipt by any Credit Party of Net Cash Proceeds from the issuance of any Equity Interests of such Person (other than Equity Interests under any stock option or employee incentive plans listed on Schedule 6.13 hereto (or any
successor plans) or Net Cash Proceeds from the issuance of any Subordinated Debt after the Effective Date, [in each case, ]in each case, in excess of
$500,000 in any fiscal year of Borrower the Borrower shall prepay the Term Loan by an amount equal to fifty percent (50%) of such Net Cash Proceeds received from the issuance of Equity Interests and one hundred percent (100%) of Net Cash
Proceeds received from the issuance of Subordinated Debt. 
 (d) Subject to clauses (e) and (f) hereof,
promptly (and in any event no later than three (3) Business Days after receipt) upon receipt by any Credit Party of any Insurance Proceeds or Condemnation Proceeds [in each
case, ]in each case, in excess of $500,000 in any fiscal year of Borrower which are not Reinvested as described herein, the Borrower shall be obligated to prepay the Term Loan by an amount equal to one hundred percent (100%) of
such Insurance Proceeds or Condemnation Proceeds, as the case may be; provided, however, that any Insurance Proceeds or Condemnation Proceeds, as the case may be, may be Reinvested by the applicable Credit Party if the following conditions are
satisfied: (i) promptly following the receipt of such Insurance Proceeds or Condemnation Proceeds, as the case may be, the Borrower provide to the Agent a Reinvestment Certificate stating (x) that no Default or Event of Default has
occurred and is continuing either as of the date of the receipt of such proceeds or as of the date of the Reinvestment Certificate, (y) that such Insurance Proceeds or Condemnation Proceeds have been received, and (z) a description of the
planned Reinvestment of such Insurance Proceeds or Condemnation Proceeds, as the case may be), (ii) the Reinvestment of such proceeds is commenced within the Initial Reinvestment Period and completed within the Reinvestment Period, and
(iii) no Default or Event of Default shall have occurred and be continuing at the time of the receipt of such proceeds and at the time of the application of such proceeds to Reinvestment. If any such proceeds have not been Reinvested at the end
of the Reinvestment Period, the Borrower shall promptly pay such proceeds to the Agent, to be applied to repay the Term Loan in accordance with clauses (e) and (f) hereof. 

(e) Subject to clause (f) hereof, each mandatory prepayment under this Section 4.8 or any other mandatory or optional
prepayment under this Agreement shall be in addition to any scheduled installments or optional prepayments made prior thereto and shall be subject to Section 11.1. Each mandatory prepayment of the Term Loan shall be applied to installments of
principal on the Term Loan in the inverse order of their maturities. 
 (f) To the extent that, on the date any mandatory
prepayment of the Term Loan under this Section 4.8 is due, the Indebtedness under the Term Loan or any other Indebtedness to be 

  
 77 

 
prepaid is being carried, in whole or in part, at the [Eurodollar-based]BSBY Rate and no Default or
Event of Default has occurred and is continuing, the Borrower may deposit the amount of such mandatory prepayment in a cash collateral account to be held by the Agent, for and on behalf of the Lenders (which shall be an interest-bearing account), on
such terms and conditions as are reasonably acceptable to the Agent and upon such deposit, the obligation of the Borrower to make such mandatory prepayment shall be deemed satisfied. Subject to the terms and conditions of said cash collateral
account, sums on deposit in said cash collateral account shall be applied (until exhausted) to reduce the principal balance of the Term Loan on the last day of each
[Eurodollar-]Interest Period attributable to the [Eurodollar-based]BSBY
 Rate Advances of the Term Loan, thereby avoiding breakage costs under
Section 11.1, provided, however, that if a Default or Event of Default shall have occurred at any time while sums are on
deposit in the case collateral account, the Agent may, in its sole discretion, elect to apply such sums to reduce the principal balance of such BSBY Rate Advances prior to the last day of the applicable Interest Period and the Borrower will be
obligated to pay any resulting costs and expenses under Section 11. 

4.9 Use of Proceeds. Proceeds of the Term Loan shall be used by the Borrower to refinance existing Debt of Borrower to Lenders, to finance project development costs and for other
general corporate purposes. 
 4.10 Optional Increase in Term Loan or Additional Term Loan. Borrower may
request an increase to the Term Loan (any such increase, the “Term Loan Increase”) and/or additional commitments to make term loans to be structured as a separate term loan tranche on substantially the same terms as the Term Loan (any such
separate term loan, an “Additional Term Loan”) in an amount (for all such requests made pursuant to this Section 4.10) not to exceed, when added to any Revolving Credit Optional Increase made in accordance with the provisions of
Section 2.13, the Maximum Optional Increase Amount, subject, in each case, to the satisfaction concurrently with or prior to the date of each such request of the following conditions: 

(a) Borrower shall have delivered to the Agent a written request for such Term Loan Increase or Additional Term Loan,
specifying the amount of such Term Loan Increase or Additional Term Loan (as applicable) thereby requested (each such request, a “Term Loan Request”); provided, however, that in the event Borrower have previously delivered a Term Loan
Request pursuant to this Section 4.10, Borrower may not deliver a subsequent Term Loan Request until all the conditions to effectiveness of such first Term Loan Request have been fully satisfied (or such Term Loan Request has been withdrawn);
and provided further that Borrower may make no more than three (3) Term Loan Requests and no Term Loan Request may be made after the date that is one year prior to then applicable Revolving Credit Maturity Date; 

(b) within three (3) Business Days after the Agent’s receipt of a Term Loan Request, the Agent shall inform each Term
Loan Lender of the Term Loan Request, offer each Term Loan Lender to fund a portion of the Term Loan Increase or Additional Term Loan in an amount equal to its applicable Term Loan Percentage of the requested Term Loan Increase or Additional Term
Loan, and request each such Term Loan Lender to notify the Agent in writing whether such Lender desires to fund its pro rata share of the Term Loan Increase or Additional Term Loan. Each Lender that agrees to fund its pro rata share of the Term Loan
Increase or Additional Term Loan shall deliver its written consent thereto no later than five (5) Business Days of the Agent’s informing 

  
 78 

 
such Lender of Term Loan Request; if the Agent shall not have received a written consent from a Lender within such time period, such Lender shall be deemed to have declined to consent to fund its
pro rata share of the requested Term Loan Increase or Additional Term Loan. If any one or more Lenders shall fail to consent to fund their pro rata shares of the requested Term Loan Increase or Additional Term Loan, then the Agent may offer to each
other Term Loan Lender on a non-pro rata basis, or to (A) any other Lender under this Agreement or (B) any other Person meeting the requirements of Section 13.8(c) hereof (including, for the purposes of this Section 4.10, any
existing Term Loan Lender which agrees to fund any portion of the increase or Additional Term Loans hereunder, the “New Term Loan Lenders”), the opportunity to fund a portion of the Term Loan Increase or Additional Term Loan; 

(c) each New Term Loan Lender shall have become a party to this Agreement by executing and delivering a New Lender Addendum for
a minimum amount for each such New Term Loan Lender that was not an existing Term Loan Lender of Five Million Dollars ($5,000,000) and an aggregate amount for all such New Term Loan Lenders of that portion of the Term Loan Increase or Additional
Term Loan, taking into account the amount of any prior increase (pursuant to this Section 4.10) covered by the applicable Term Loan Request; provided, however, that each New Term Loan Lender shall remit to the Agent funds in an amount equal to
its pro rata share of such Term Loan Increase or Additional Term Loans; 
 (d) if requested, Borrower shall have executed and
delivered to the Agent new Notes (or, if applicable, renewal and replacement notes) payable to each of the New Term Loan Lenders in the face amount of each such New Term Loan Lender’s Percentage of the Term Loan and/or the Additional Term Loan
(in each case after giving effect to this Section 4.10), in each case dated as of the effective date of such Term Loan Increase or Additional Term Loan (with appropriate insertions relevant to such Notes and acceptable to the applicable
Lenders, including the New Term Loan Lenders); 
 (e) no existing Term Loan Lender or other Lender hereunder shall be under
any obligation to fund the Term Loan Increase in the Term Loan or make any Additional Term Loan and any such decision whether to do so shall be in such Lender’s sole and absolute discretion; 

(f) prior to the funding of any such Term Loan Increase or any such Additional Term Loan, the Borrower shall have delivered to
the Agent a pro forma Covenant Compliance Report demonstrating that, upon giving effect to the funding of any such Term Loan Increase or Additional Term Loan, as applicable, on a pro forma basis, the Borrower would be in compliance with the
financial covenants set forth in Section 7.9 as of the end of the most recent fiscal quarter for which the Borrower has delivered financial statements pursuant to Section 7.1(i) or (ii); 

(g) the Borrower shall deliver to the Agent a certificate of each Credit Party dated as of the date of such Term Loan Increase
or Additional Term Loan (in sufficient copies for each Lender) signed by a Responsible Officer of such Credit Party (A) certifying and attaching the resolutions adopted by such Credit Party approving or consenting to such Term Loan Increase,
and (B) in the case of the Borrower, certifying that, before and after giving effect to such Term Loan Increase, (1) the representations and warranties contained in Section 6 and the other Loan Documents are true and correct in all
material respects on and as of the date of such Term Loan Increase or the making of such Additional Term Loan, except to the extent that such 

  
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representations and warranties specifically refer to an earlier date, in which case they are true and correct in all material respects as of such earlier date, and (2) no Default or Event of
Default exists; 
 (h) with respect to any Additional Term Loan, (A) the obligations of the Credit Parties in respect of
such Additional Term Loan shall constitute Indebtedness under the Loan Documents, and shall be entitled to all of the benefits afforded by, this Agreement and the other Loan Documents, and the security interests and Liens created by the Collateral
Documents (and the Borrower shall take any actions reasonably required by the Agent to ensure and/or demonstrate that the requirements of this clause (A) are satisfied after the funding of such Additional Term Loan), (B) the final maturity
of such Additional Term Loan shall be no earlier than the Term Loan Maturity Date or the final maturity date of any then existing Additional Term Loan, (C) the initial principal amount of such Additional Term Loan shall not amortize (pursuant
to scheduled amortization) during any calendar year in a percentage amount greater than the percentage of the outstanding principal amount of the Term Loan scheduled to amortize during such calendar year in accordance with Section 4.3 as in
effect as of the date such Additional Term Loans are funded, (D) the Lenders providing such Additional Term Loan shall be entitled to voting rights on a pro rata basis with the Lenders holding the Term Loan and any Additional Term Loan then
existing and shall be entitled to receive proceeds of prepayments on a pro rata basis with the Lenders holding the Term Loan and any Additional Term Loans then existing, and (E) the yield applicable to such Additional Term Loan (taking into
account the interest rate applicable to such Additional Term Loan, any original issue discount and any upfront fees payable to the Lenders making such Additional Term Loan, with such upfront fees or original issue discount, as applicable, to be
equated to interest based on an assumed three year average life to maturity) shall not be higher than the then-current Applicable Interest Rate on the Term Loan (it being understood that the pricing of the Term Loan will be increased and/or
additional fees will be paid to existing Lenders holding the Term Loan to the extent necessary to satisfy such requirement); 

(i) no Default or Event of Default shall have occurred and be continuing; 

(j) in the event that the interest rate margins on the Additional Term Loans exceeds the interest rate margins on any existing
Term Loans (including any existing Additional Term Loans), then the interest rate margins for such existing Term Loans (including any existing Additional Term Loans) shall be increased to the extent necessary such that the applicable interest rate
margins for the Additional Term Loans are equal to the interest rate margins on the existing Term Loans (including any existing Additional Term Loans); provided, however that in determining the yield applicable to the existing Term Loans (including
the existing Additional Term Loans) and the Additional Term Loans: 
  

	 	(i)	 original issue discount (“OID”) or up-front fees (which shall be deemed to constitute like amounts
of OID) payable by the Borrower to the Lenders of the existing Term Loans (including any existing Additional Term Loans) in the primary syndication thereof shall be included (with OID in respect of the existing Term Loans or Additional Term Loans
being equated to interest based on an assumed three year life to maturity; and 

  
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	 	(ii)	 customary arrangement, structuring or commitment fees payable to the Agent (or its Affiliates) in connection
with the existing Term Loans or the Additional Term Loans shall be excluded.; and 

 (k) such other
amendments (including, without limitation an amendment to or amendment and restatement of this Agreement to incorporate the terms of any such Term Loan Increase or Additional Term Loan), acknowledgments, consents, documents, opinions or instruments
or registrations, if any, shall have been executed and delivered and/or obtained by Borrower as required by the Agent, in its reasonable discretion; and 

(l) prior to the date the increased commitment becomes available, each Lender shall have completed its flood insurance due
diligence and flood insurance compliance as required as a result of such increase. 
  

	5.	 CONDITIONS. 

The obligations of the Lenders to make Advances or loans pursuant to this Agreement and the obligation of the Issuing Lender to
issue Letters of Credit are subject to the following conditions: 
 5.1 Conditions of Initial Advances. The
obligations of the Lenders to make initial Advances or loans pursuant to this Agreement and the obligation of the Issuing Lender to issue initial Letters of Credit, in each case, on the Effective Date only, are subject to the following conditions:

 (a) Notes, this Agreement and the other Loan Documents. The Borrower shall have executed and delivered to the Agent
for the account of each Lender requesting Notes, the Swing Line Note, the Revolving Credit Notes and/or the Term Notes, as applicable; the Borrower shall have executed and delivered this Agreement; and each Credit Party shall have executed and
delivered the other Loan Documents to which such Credit Party is required to be a party (including all schedules and other documents to be delivered pursuant hereto); and such Notes (if any), this Agreement and the other Loan Documents shall be in
full force and effect. 
 (b) Corporate Authority. The Agent shall have received, with a counterpart thereof for each
Lender, from each Credit Party, a certificate of its Secretary or Assistant Secretary dated as of the Effective Date as to: 
  

	 	(i)	 corporate resolutions (or the equivalent) of each Credit Party authorizing the transactions contemplated by
this Agreement and the other Loan Documents approval of this Agreement and the other Loan Documents, in each case to which such Credit Party is party, and authorizing the execution and delivery of this Agreement and the other Loan Documents, and in
the case of the Borrower, authorizing the execution and delivery of requests for Advances and the issuance of Letters of Credit hereunder, 

  

	 	(ii)	 the incumbency and signature of the officers or other authorized persons of such Credit Party executing any
Loan Document and in 

  
 81 

	 	 
the case of the Borrower, the officers who are authorized to execute any Requests for Advance, or requests for the issuance of Letters of Credit, 

 

	 	(iii)	 a certificate of good standing or continued existence (or the equivalent thereof) from the state of its
incorporation or formation, and from every state or other jurisdiction where such Credit Party is qualified to do business, which jurisdictions are listed on Schedule 5.2 attached hereto, and 

 

	 	(iv)	 copies of such Credit Party’s articles of incorporation and bylaws or other constitutional documents,
as in effect on the Effective Date. 

(c)
[(a) ]Collateral Documents, Guaranties and other
Loan Documents. The Agent shall have received the following documents, each in form and substance reasonably satisfactory to the Agent and fully executed by each party thereto: 

 

	 	(v)	 The following Collateral Documents, each dated as of the Effective Date: 

 

	 	(A)	 the Security Agreement; 

 

	 	(B)	 the Guaranty; and 

 

	 	(C)	 Mortgages for each of the owned properties listed on Schedule 6.3(b) together with the related documentation
specified in Schedule 5.3(a). 

  

	 	(vi)	 For each real property location (including each warehouse or other storage location) leased by any Credit
Party as a lessee (such locations being disclosed and identified as such on Schedule 6.3(b) hereto), (i) a true, complete and accurate copy of the fully executed applicable lease bailment or warehouse agreement, as the case may be; and
(ii) a Collateral Access Agreement with respect to each location. 

  

	 	(vii)	 (A) Certified copies of uniform commercial code requests for information, or a similar search report
certified by a party acceptable to the Agent, dated a date reasonably prior to the Effective Date, listing all effective financing statements in the jurisdiction noted on Schedule 5.1(c) which name any Credit Party (under their present names or
under any previous names used within five (5) years prior to the date hereof) as debtors, together with (x) copies of such financing statements, and (y) authorized Uniform Commercial Code (Form UCC-3) Termination Statements, if any,
necessary to release all Liens and other rights of any Person in any Collateral described in the Collateral Documents previously granted by any Person (other than Liens permitted by Section 8.2 of this Agreement) and
(B)

  
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intellectual property search reports results from the United States Patent and Trademark Office and the United States Copyright Office for the Credit Parties dated a date reasonably prior to the
Effective Date. 

  

	 	(viii)	 Any documents (including, without limitation, financing statements, amendments to financing statements and
assignments of financing statements, stock powers executed in blank and any endorsements) requested by the Agent and reasonably required to be provided in connection with the Collateral Documents to create, in favor of the Agent (for and on behalf
of the Lenders), a first priority perfected security interest in the Collateral thereunder shall have been filed, registered or recorded, or shall have been delivered to the Agent in proper form for filing, registration or recordation.

 (d) Insurance. The Agent shall have received evidence reasonably satisfactory to it that the
Credit Parties have obtained the insurance policies required by Section 7.5 hereof and that such insurance policies are in full force and effect. 

(e) Compliance with Certain Documents and Agreements. Each Credit Party shall have each performed and complied in all
material respects with all agreements and conditions contained in this Agreement and the other Loan Documents, to the extent required to be performed or complied with by such Credit Party. No Person party to this Agreement or any other Loan Document
shall be in material default in the performance or compliance with any of the terms or provisions of this Agreement or the other Loan Documents or shall be in material default in the performance or compliance with any of the material terms or
material provisions of, in each case to which such Person is a party. 
 (f) Opinions of Counsel. The Credit Parties
shall furnish the Agent prior to the initial Advance under this Agreement, with signed copies for each Lender, opinions of counsel to the Credit Parties, including opinions of local counsel to the extent deemed necessary by the Agent, in each case
dated the Effective Date and covering such matters as reasonably required by and otherwise reasonably satisfactory in form and substance to the Agent and each of the Lenders. 

(g) Payment of Fees. The Borrower shall have paid to Comerica Bank any fees due under the terms of the Fee Letter, along
with any other reasonable and invoiced fees, out-of-pocket costs or out-of-pocket expenses due and outstanding to the Agent or the Lenders as of the Effective Date (including reasonable and invoiced fees, disbursements and other charges of outside
counsel to the Agent). 
 (h)
[Material Contracts. The Agent shall have received copies of all Material Contracts described on Schedule 6.18 hereof.][Reserved].  

(i) Governmental and Other Approvals. The Agent shall have received copies of all authorizations, consents, approvals,
licenses, qualifications or formal exemptions, filings, declarations and registrations with, any court, governmental agency or regulatory authority or any securities exchange or any other person or party (whether or not governmental) received by any

  
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Credit Party in connection with the transactions contemplated by the Loan Documents to occur on the Effective Date. 

(j) Closing Certificate. The Agent shall have received, with a signed counterpart for each Lender, a certificate of a
Responsible Officer of the Borrower dated the Effective Date (or, if different, the date of the initial Advance hereunder), stating that to the best of his or her respective knowledge after due inquiry solely in his or her capacity as such
Responsible Officer, (a) the conditions set forth in this Section 5 have been satisfied to the extent required to be satisfied by any Credit Party; (b) the representations and warranties made by the Credit Parties in this Agreement or
any of the other Loan Documents, as applicable, are true and correct in all material respects; (c) no Default or Event of Default shall have occurred and be continuing; (d) since March 31, 2017, nothing shall have occurred which has
had, or could reasonably be expected to have, a Material Adverse Effect; and (e) there shall have been no material adverse change to the Pro Forma Balance Sheet. 

(k) Customer Identification Forms. The Agent shall have received (i) the completed Beneficial Ownership
Certification from the Borrower and each Guarantor and (ii) all other documentation and other information required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations,
including USA PATRIOT Act, and a properly completed and signed IRS Form W-8 or W-9, as applicable, for the Borrower, Guarantor and any other Person who provides guaranty or collateral support for all or any of the Indebtedness. 

(l) Additional Closing Conditions. The Agent shall have received evidence reasonably satisfactory to Agent that the
Conditions to Borrowing set forth in the Summary of Terms and Conditions dated October 10, 2018 have been satisfied. 

(m) Repayment of Existing Term Debt. The Agent shall have received evidence reasonably satisfactory to Agent that
Borrower has paid in full with cash on hand all of its existing term indebtedness owing to Comerica Bank not less than seven (7) Business Days prior to the Effective Date. 

5.2 Continuing Conditions. The obligations of each Lender to make Advances (including the initial Advance) to provide
other credit accommodations and the obligation of the Issuing Lender to issue any Letters of Credit shall be subject to the continuing conditions that: 

(a) No Default or Event of Default shall exist as of the date of the Advance or the request for the Letter of Credit, as the
case may be; and 
 (b) Each of the representations and warranties contained in this Agreement and in each of the other Loan
Documents shall be true and correct in all material respects as of the date of the Advance or Letter of Credit (as the case may be) as if made on and as of such date (other than any representation or warranty that expressly speaks only as of a
different date). 
  

	6.	 REPRESENTATIONS AND WARRANTIES. 

The Borrower represents and warrants to the Agent, the Lenders, the Swing Line Lender and the Issuing Lender as follows: 

  
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 6.1 Corporate Authority. Each Credit Party is a corporation (or other
business entity) duly organized and existing in good standing under the laws of the state or jurisdiction of its incorporation or formation, as applicable, and each Credit Party is duly qualified and authorized to do business as a foreign
corporation in each jurisdiction where the character of its assets or the nature of its activities makes such qualification and authorization necessary except where failure to be so qualified or be in good standing could not reasonably be expected
to have a Material Adverse Effect. Each Credit Party has all requisite corporate, limited liability or partnership power and authority to own all its property (whether real, personal, tangible or intangible or of any kind whatsoever) and to carry on
its business. 
 6.2 Due Authorization. Execution, delivery and performance of this Agreement, and the other Loan
Documents, to which each Credit Party is party, and the issuance of the Notes by the Borrower (if requested) are within such Person’s corporate, limited liability or partnership power, have been duly authorized, are not in contravention of any
law applicable to such Credit Party or the terms of such Credit Party’s organizational documents and, except as have been previously obtained or as referred to in Section 6.10, below, do not require the consent or approval of any
governmental body, agency or authority or any other third party except to the extent that such consent or approval is not material to the transactions contemplated by the Loan Documents or otherwise where the failure to have such consent or approval
could not reasonably be expected to have a Material Adverse Effect. 
 6.3 Good Title; Leases; Assets; No Liens. 

 

	 	(a)	 Each Credit Party, to the extent applicable, has good and valid title (or, in the case of real property,
good and marketable title) to all assets owned by it, subject only to the Liens permitted under section 8.2 hereof, and each Credit Party has a valid leasehold or interest as a lessee or a licensee in all of its leased real property;

  

	 	(b)	 Schedule 6.3(b) hereof identifies all of the real property owned or leased, as lessee thereunder, by the
Credit Parties on the Effective Date, including all warehouse or bailee locations; 

  

	 	(c)	 The Credit Parties will collectively own or collectively have a valid leasehold interest in all assets that
were owned or leased (as lessee) by the Credit Parties immediately prior to the Effective Date to the extent that such assets are necessary for the continued operation of the Credit Parties’ businesses in substantially the manner as such
businesses were operated immediately prior to the Effective Date; 

  

	 	(d)	 Each Credit Party owns or has a valid leasehold interest in all real property necessary for its continued
operations and, to the best knowledge of the Borrower, no material condemnation, eminent domain or expropriation action has been commenced or threatened against any such owned or leased real property; and 

  
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	 	(e)	 There are no Liens on and no financing statements on file with respect to any of the assets owned by the
Credit Parties, except for the Liens permitted pursuant to Section 8.2 of this Agreement. 

 6.4
Taxes. Except as set forth on Schedule 6.4 hereof, each Credit Party has filed on or before their respective due dates or within the applicable grace periods, all United States federal, state, local and other tax returns which are required to
be filed or has obtained extensions for filing such tax returns and is not delinquent in filing such returns in accordance with such extensions and has paid all material taxes which have become due pursuant to those returns or pursuant to any
assessments received by any such Credit Party, as the case may be, to the extent such taxes have become due, except to the extent such taxes are being contested in good faith by appropriate proceedings diligently conducted and with respect to which
adequate provision has been made on the books of such Credit Party as may be required by GAAP. 
 6.5 No Defaults. No
Credit Party is in default under or with respect to any agreement, instrument or undertaking to which is a party or by which it or any of its property is bound which would cause or would reasonably be expected to cause a Material Adverse Effect.

 6.6 Enforceability of Agreement and Loan Documents. This Agreement and each of the other Loan Documents to which
any Credit Party is a party (including without limitation, each Request for Advance), have each been duly executed and delivered by its duly authorized officers and constitute the valid and binding obligations of such Credit Party, enforceable
against such Credit Party in accordance with their respective terms, except as enforcement thereof may be limited by applicable bankruptcy, reorganization, insolvency, fraudulent conveyance, moratorium or similar laws affecting the enforcement of
creditor’s rights, generally and by general principles of equity (regardless of whether enforcement is considered in a proceeding in law or equity). 

6.7 Compliance with Laws. (a) Except as disclosed on Schedule 6.7, each Credit Party has complied with all
applicable federal, state and local laws, ordinances, codes, rules, regulations and guidelines (including consent decrees and administrative orders) including but not limited to Hazardous Material Laws, and is in compliance with any Requirement of
Law, except to the extent that failure to comply therewith could not reasonably be expected to have a Material Adverse Effect; and (b) neither the extension of credit made pursuant to this Agreement or the use of the proceeds thereof by the
Credit Parties will violate the Trading with the Enemy Act, as amended, or any of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended) or any enabling legislation or executive
order relating thereto, or The United and Strengthening America by providing appropriate Tools Required to Intercept and Obstruct Terrorism (“USA Patriot Act”) Act of 2001, Public Law 10756, October 26, 2001 or Executive Order
13224 of September 23, 2001 issued by the President of the United States (66 Fed. Reg. 49049 (2001)). 
 6.8
Non-contravention. The execution, delivery and performance of this Agreement and the other Loan Documents (including each Request for Advance) to which each Credit Party is a party are not in contravention of the terms of any indenture,
agreement or undertaking to which such Credit Party is a party or by which it or its properties are bound where such violation could reasonably be expected to have a Material Adverse Effect. 

  
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 6.9 Litigation. Except as set forth on Schedule 6.9 hereof, there is
no suit, action, proceeding, including, without limitation, any bankruptcy proceeding or governmental investigation pending against or to the knowledge of the Borrower, threatened against any Credit Party (other than any suit, action or proceeding
in which a Credit Party is the plaintiff and in which no counterclaim or cross-claim against such Credit Party has been filed), or any judgment, decree, injunction, rule, or order of any court, government, department, commission, agency,
instrumentality or arbitrator outstanding against any Credit Party the outcome of which, if adversely determined, could reasonably be expected to result in a Material Adverse Effect, nor is any Credit Party in violation of any applicable law,
regulation, ordinance, order, injunction, decree or requirement of any governmental body or court which could in any of the foregoing events reasonably be expected to have a Material Adverse Effect. 

6.10 Consents, Approvals and Filings, Etc. Except as set forth on Schedule 6.10 hereof, no material authorization,
consent, approval, license, qualification or formal exemption from, nor any filing, declaration or registration with, any court, governmental agency or regulatory authority or any securities exchange or any other Person (whether or not governmental)
is (a) required in connection with the execution, delivery and performance: (i) by any Credit Party of this Agreement and any of the other Loan Documents to which such Credit Party is a party or (ii) by the Credit Parties of the grant
of Liens granted, conveyed or otherwise established (or to be granted, conveyed or otherwise established) by or under this Agreement or the other Loan Documents, as applicable, and/or (b) otherwise materially necessary to the operation of its
business, except in each case for (x) such matters which have been previously obtained, and (y) such filings to be made concurrently herewith or promptly following the Effective Date as are required by the Collateral Documents to perfect
Liens in favor of the Agent. All such material authorizations, consents, approvals, licenses, qualifications, exemptions, filings, declarations and registrations which have previously been obtained or made, as the case may be, are in full force and
effect and, to the best knowledge of the Borrower, are not the subject of any attack or threatened attack (in each case in any material respect) by appeal or direct proceeding or otherwise. 

6.11 Agreements Affecting Financial Condition. No Credit Party is party to any agreement or instrument or subject to any
charter or other corporate restriction which could reasonably be expected to have a Material Adverse Effect. 
 6.12 No
Investment Company or Margin Stock. No Credit Party is an “investment company” within the meaning of the Investment Company Act of 1940, as amended. No Credit Party is engaged principally, or as one of its important activities,
directly or indirectly, in the business of extending credit for the purpose of purchasing or carrying margin stock. None of the proceeds of any of the Advances will be used by any Credit Party to purchase or carry margin stock. Terms for which
meanings are provided in Regulation U of the Board of Governors of the Federal Reserve System or any regulations substituted therefore, as from time to time in effect, are used in this paragraph with such meanings. 

6.13
ERISA Compliance [. No Credit Party maintains or contributes to any Pension Plan subject to Title IV of ERISA, except as set forth on Schedule 6.13 hereto or otherwise disclosed to the Agent in writing.
There is no accumulated funding deficiency within the meaning of Section 412 of the Internal Revenue Code or Section 302 of ERISA, or any outstanding liability with respect to any Pension Plans owed to the PBGC other than future
 

  
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premiums due and owing pursuant to Section 4007 of ERISA, and no “reportable event” as defined in
Section 4043(c) of ERISA has occurred with respect to any Pension Plan other than an event for which the notice requirement has been waived by the PBGC in each case, except to the extent that such accumulated funding deficiency or
“reportable event” could not reasonably be expected to have a Material Adverse Effect. None of the Credit Parties has engaged in a prohibited transaction with respect to any Pension Plan, other than a prohibited transaction for which an
exemption is available and has been obtained, which could subject such Credit Parties to a material tax or penalty imposed by Section 4975 of the Internal Revenue Code or Section 502(i) of ERISA. Each Pension Plan is being maintained and
funded in accordance with its terms and is in material compliance with the requirements of the Internal Revenue Code and ERISA. Except to the extent that the same could not reasonably be expected to have a Material Adverse Effect, no Credit Party
has had a complete or partial withdrawal from any Multiemployer Plan that has resulted or could reasonably be expected to have resulted in any Withdrawal Liability and, except as notified to the Agent in writing following the Effective Date, no such
Multiemployer Plan is in reorganization (within the meaning of Section 4241 of ERISA) or insolvent (within the meaning of Section 4245 of ERISA)]. 

 

	 	(a)	 Except as could not reasonably be expected,
either individually or in the aggregate, to have a Material Adverse Effect, (i) each Employee Benefit Plan is in compliance with the applicable provisions of ERISA, the Internal Revenue Code and other federal or state laws and (ii) each
Employee Pension Benefit Plan that is maintained for employees of the Borrower or any Subsidiary, or with respect to which the Borrower or any Subsidiary is required to contribute on behalf of any of its employees or with respect to which the
Borrower has any liability, and that is intended to be a qualified plan under Section 401(a) of the Internal Revenue Code is either maintained under a prototype or volume submitter plan and such Borrower or Subsidiary is entitled to rely upon a
favorable opinion or advisory letter from the IRS, or has received a favorable determination letter from the IRS to the effect that the form of such Employee Pension Benefit Plan is qualified under Section 401(a) of the Internal Revenue Code
and the trust related thereto has been determined by the IRS to be exempt from federal income tax under Section 501(a) of the Internal Revenue Code, or an application for such a letter is currently being processed by the IRS, and, to the
knowledge of the Borrower, nothing has occurred that would prevent or cause the loss of such tax-qualified status.  

  

	 	(b)	 There are no pending or, to the knowledge
of the Borrower, threatened or contemplated claims, actions or lawsuits, or action by any Governmental Authority, with respect to any Employee Benefit Plan that, either individually or in the aggregate, could reasonably be expected to have a
Material Adverse Effect. To the knowledge of the Borrower, there has been no prohibited transaction or violation of the fiduciary responsibility rules with respect to any Employee Benefit 

  
 88 

	 	 
Plan that, either individually or in the aggregate, has had or could reasonably be expected to have a Material
Adverse Effect. 

  

	 	(c)	 To the knowledge of the Borrower, no ERISA
Event has occurred, and neither the Borrower nor any ERISA Affiliate is aware of any fact, event or circumstance that, either individually or in the aggregate, could reasonably be expected to constitute or result in an ERISA Event with respect to
any Pension Plan that, either individually or in the aggregate, has had or could reasonably be expected to have a Material Adverse Effect. 

  

	 	(d)	 To the knowledge of the Borrower, the
present value of all accrued benefits under each Pension Plan (based on those assumptions used to fund such Pension Plan) did not, as of the last annual valuation date prior to the date on which this representation is made or deemed made, exceed the
value of the assets of such Pension Plan allocable to such accrued benefits by a material amount. To the knowledge of the Borrower, as of the most recent valuation date for each Multiemployer Plan, the potential liability of the Borrower or any
ERISA Affiliate for a complete withdrawal from such Multiemployer Plan (within the meaning of Section 4203 or Section 4205 of ERISA), when aggregated with such potential liability for a complete withdrawal from all Multiemployer Plans, is
zero. 

  

	 	(e)	 To the extent applicable, each Foreign Plan
has been maintained in compliance with its terms and with the requirements of any and all applicable Requirements of Law and has been maintained, where required, in good standing with applicable regulatory authorities, except to the extent that the
failure so to comply could not reasonably be expected, either individually or in the aggregate, to have a Material Adverse Effect. Neither the Borrower nor any Subsidiary has incurred any material obligation in connection with the termination of or
withdrawal from any Foreign Plan. To the knowledge of the Borrower, the present value of the accrued benefit liabilities (whether or not vested) under each Foreign Plan that is funded, determined as of the end of the most recently ended fiscal year
of the Borrower or any Subsidiary, as applicable, on the basis of actuarial assumptions, each of which is reasonable, did not exceed the current value of the property of such Foreign Plan by a material amount, and for each Foreign Plan that is not
funded, the obligations of such Foreign Plan are properly accrued. 

  

	 	(f)	 None of the Credit Parties is (1) an
“employee benefit plan” subject to Title I of ERISA, (2) a plan or account subject to Section 4975 of the Internal Revenue Code, (3) an entity deemed to hold “plan assets” of any such plans or accounts for purposes
of ERISA or the Internal  

  
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Revenue Code, or (4) a “governmental plan” within the meaning of ERISA.

 6.14 Conditions Affecting Business or Properties. Neither the respective businesses nor the
properties of any Credit Party is affected by any fire, explosion, accident, strike, lockout or other dispute, drought, storm, hail, earthquake, embargo, Act of God, or other casualty (except to the extent such event is covered by insurance
sufficient to ensure that upon application of the proceeds thereof, no Material Adverse Effect could reasonably be expected to occur) which could reasonably be expected to have a Material Adverse Effect. 

6.15 Environmental and Safety Matters. Except as set forth in Schedules 6.9, 6.10 and 6.15: 

 

	 	(a)	 all facilities and property owned or leased by the Credit Parties are in compliance with all Hazardous
Material Laws except to the extent that any noncompliance could not reasonably be expected to have a Material Adverse Effect; 

  

	 	(b)	 to the best knowledge of the Borrower, there [have
been]are no unresolved and outstanding past, and there are no pending or threatened: 

 

	 	(i)	 claims, complaints, notices or requests for information received by any Credit Party with respect to any
alleged violation of any Hazardous Material Law and where such violation could reasonably be expected to have a Material Adverse Effect, or 

  

	 	(ii)	 written complaints, notices or inquiries to any Credit Party regarding potential material liability of any
Credit Parties under any Hazardous Material Law and where such liability could reasonably be expected to have a Material Adverse Effect; and 

  

	 	(c)	 to the best knowledge of the Borrower, no conditions exist at, on or under any property now or previously
owned or leased by any Credit Party which, with the passage of time, or the giving of notice or both, are reasonably likely to give rise to liability of any Credit
Party under any Hazardous Material Law or create a significant adverse effect on the value of the property and where such liability could reasonably be expected to have a Material Adverse Effect. 

6.16 Subsidiaries. Except as disclosed on Schedule 6.16 hereto as of the Effective Date, and thereafter, except as
disclosed to the Agent in writing from time to time, no Credit Party has any Subsidiaries. 
 6.17 Management
Agreements. Schedule 6.17 attached hereto is an accurate and complete list of all management and significant employment agreements in effect on or as of the Effective Date to which any Credit Party is a party or is bound. 

  
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 6.18 [Material
Contracts][Reserved] [. Schedule 6.18 attached hereto is an accurate and complete list of all Material Contracts in effect on or as of the Effective Date to
which any Credit Party is a party or is bound.]. 
 6.19 Franchises, Patents, Copyrights, Tradenames, etc. The Credit
Parties possess all franchises, patents, copyrights, trademarks, trade names, licenses and permits, and rights in respect of the foregoing, adequate for the conduct of their business substantially as now conducted without known conflict with any
rights of others except to the extent that the failure to possess the same could not reasonably be expected to have a Material Adverse Effect. Schedule 6.19 contains a true and accurate list of all trade names and any and all other names used by any
Credit Party during the five-year period ending as of the Effective Date. 
 6.20 Capital Structure. Schedule 6.20
attached hereto sets forth all issued and outstanding Equity Interests of each Credit Party, including the number of authorized, issued and outstanding Equity Interests of each Credit Party, the par value of such Equity Interests and the holders of
such Equity Interests, all on and as of the Effective Date. All issued and outstanding Equity Interests of each Credit Party are duly authorized and validly issued, fully paid, nonassessable, free and clear of all Liens (except for the benefit of
the Agent) and such Equity Interests were issued in compliance with all applicable state, federal and foreign laws concerning the issuance of securities. Except as disclosed on Schedule 6.20, there are no preemptive or other outstanding rights,
options, warrants, conversion rights or similar agreements or understandings for the purchase or acquisition from any Credit Party, of any Equity Interests of any Credit Party. 

6.21 Accuracy of Information[.]; Beneficial Ownership (a) The
audited financial statements for the Fiscal Year ended March 31, 2018, furnished to the Agent and the Lenders prior to the Effective Date fairly present in all material respects the financial condition of the Borrower and its respective Subsidiaries
and the results of their operations for the periods covered thereby, and have been prepared in accordance with GAAP. The projections, the Pro Forma Balance Sheet and the other pro forma financial information delivered to the Agent prior to the
Effective Date are based upon good faith estimates and assumptions believed by management of the Borrower to be accurate and reasonable at the time made, it being recognized by the Lenders that such financial information as it relates to future
events is not to be viewed as fact and that actual results during the period or periods covered by such financial information may differ from the projected results set forth therein. 

(b) Since March 31, 2018, there has been no material adverse change in the business, operations, condition, property or
prospects (financial or otherwise) of the Credit Parties, taken as a whole. 
 (c) To the best knowledge of the Credit
Parties, as of the Effective Date, (i) the Credit Parties do not have any material contingent obligations (including any liability for taxes) not disclosed by or reserved against in the opening balance sheet to be delivered hereunder and
(ii) there are no unrealized or anticipated losses from any present commitment of the Credit Parties which contingent obligations and losses in the aggregate could reasonably be expected to have a Material Adverse Effect. 

  
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(d) As of
the December 21, 2021 to the best knowledge of the Borrower, the information included in the Beneficial Ownership Certification provided on or prior to December 21, 2021 to any Lender in connection with this Agreement is true and correct
in all respects. 
 6.22 Solvency. After giving effect
to the consummation of the transactions contemplated by this Agreement and other Loan Documents, each Credit Party will be solvent, able to pay its indebtedness as it matures and will have capital sufficient to carry on its businesses and all
business in which it is about to engage. This Agreement is being executed and delivered by the Borrower to the Agent and the Lenders in good faith and in exchange for fair, equivalent consideration. The Credit Parties do not intend to nor does
management of the Credit Parties believe the Credit Parties will incur debts beyond their ability to pay as they mature. The Credit Parties do not contemplate filing a petition in bankruptcy or for an arrangement or reorganization under the
Bankruptcy Code or any similar law of any jurisdiction now or hereafter in effect relating to any Credit Party, nor does any Credit Party have any knowledge of any threatened bankruptcy or insolvency proceedings against a Credit Party. 

6.23 Employee Matters. There are no strikes, slowdowns, work stoppages, unfair labor practice complaints, grievances,
arbitration proceedings or controversies pending or, to the best knowledge of the Borrower, threatened against any Credit Party by any employees of any Credit Party, other than non-material employee grievances or controversies arising in the
ordinary course of business. Set forth on Schedule 6.23 are all union contracts or agreements to which any Credit Party is party as of the Effective Date and the related expiration dates of each such contract. 

6.24 No Misrepresentation. Neither this Agreement nor any other Loan Document, certificate, information or report
furnished or to be furnished by or on behalf of a Credit Party to the Agent or any Lender in connection with any of the transactions contemplated hereby or thereby, contains a misstatement of material fact, or omits to state a material fact required
to be stated in order to make the statements contained herein or therein, taken as a whole, not misleading in the light of the circumstances under which such statements were made. There is no fact, other than information known to the public
generally, known to any Credit Party after diligent inquiry, that could reasonably be expected to have a Material Adverse Effect that has not expressly been disclosed to the Agent in writing. 

6.25 Corporate Documents and Corporate Existence. As to each Credit Party, (a) it is an organization as described
on Schedule 1.1 hereto and has provided the Agent and the Lenders with complete and correct copies of its articles of incorporation, by-laws and all other applicable charter and other organizational documents, and, if applicable, a good standing
certificate and (b) its correct legal name, business address, type of organization and jurisdiction of organization, tax identification number and other relevant identification numbers are set forth on Schedule 1.1 hereto. 

6.26 Anti-Money Laundering/Anti-Terrorism. Each Credit Party represents and warrants that (i) no Covered Entity
(A) is a Sanctioned Person; (B), either in its own right or through any third party, (1) has any of its assets in a Sanctioned Country or in the possession, custody or control of a Sanctioned Person; (2) does business in or with, or
derives any of its income from investments in or transactions with, any Sanctioned Country or Sanctioned Person in 

  
 92 

 
violation of any Anti-Terrorism Law; or (3) engages in any dealings or transactions prohibited by, any Anti-Terrorism Laws 

6.27 [EEA]Affected Financial
Institution. [Neither the Borrower nor any Guarantor]No Credit Party is an [EEA]Affected
 Financial Institution. 
 6.28 Operating Projects.
Except as disclosed on Schedule 6.28 or as otherwise could not reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect, the mechanical, electrical and other operating systems on and in the Operating
Projects which are being operated, constructed or developed by the Borrower and its Subsidiaries are in good working order (ordinary wear and tear excepted) and repair and are adequate for the operation, construction and development of the Operating
Projects by the Borrower and its Subsidiaries as currently being and expected to be operated, constructed or developed. 

6.29 Validity of Project Documents. The [documents
listed on Schedule 1.2]Material Project
Documents are valid and binding agreements enforceable by the Borrower and its Subsidiaries, as applicable, in accordance with their terms, except as such enforceability may be limited by
(i) bankruptcy, fraudulent conveyance, insolvency, reorganization, moratorium and other laws relating to or affecting creditors’ rights generally and (ii) the availability of equitable remedies. 

6.30 Material Project Documents. Except as could not reasonably be expected, individually or in the aggregate, to have a
Material Adverse Effect, (i) neither the Borrower nor any Subsidiary, nor, to Borrower’s knowledge, any other party to a Material Project Document, is in default (and no event has occurred which with lapse of time or notice or action could
result in a default) in the performance of or compliance with any Material Project Document, (ii) each Material Project Document in existence as of the date of this Agreement
[and listed on Schedule 1.2 ]is in full force and effect and (iii) to the knowledge of
the Borrower, no force majeure event has occurred and is continuing under any Material Project Document. 
 6.31
FERC Compliance. Except as disclosed on Schedule 6.31, the Borrower and each of its Subsidiaries, is in compliance in all material respects with the terms and conditions of all orders issued by FERC applicable to Borrower and its
Subsidiaries. 
 6.32 PUHCA. The Borrower is not subject to or is otherwise exempt from regulation under PUHCA. 

6.33 Exemption from Regulation. None of Agent, nor any Lender nor any of its “affiliates” (as defined in
PUHCA), solely by virtue of the execution, delivery and performance of or the consummation of the transactions contemplated by this Agreement, shall be or become subject to or not exempt from regulation under PUHCA, the FPA, the Natural Gas Act or
any applicable law with respect to the regulation of “public service corporations,” “public utilities” or other similar terms; provided that, any exercise of remedies under this Agreement that results in the direct or indirect
ownership of a Project by Agent, any Lender or any of its “affiliates” (as defined in PUHCA) may subject the Bank and its “affiliates” (as defined in PUHCA) to regulation under PUHCA, the FPA, the Natural Gas Act or other
applicable laws with respect to the regulation of “public service corporations,” “public utilities” or other similar terms. 

  
 93 

 6.34 Renewable Fuel Standard. Except as could not reasonably be
expected to have a Material Adverse Effect, there has been no change in the federal Renewable Fuel Standard rules or regulations. For purposes of clarity, the repeal of the federal Renewable Fuel Standard rules shall be deemed to have a Material
Adverse Effect. 
  

	7.	 AFFIRMATIVE COVENANTS. 

The Borrower covenants and
agrees that, [so long as any Lender has any
commitment to extend credit hereunder, or any]until the Payment in Full of all of the
Indebtedness[ remains outstanding and unpaid,
that], it will, and, as applicable, it will cause each of its Subsidiaries to: 

7.1 Financial Statements. Furnish to the Agent, in form and detail reasonably satisfactory to the Agent, with sufficient
copies for each Lender, the following documents: 
  

	 	(a)	 as soon as available, but in any event within one hundred twenty (120) days after the end of each
Fiscal Year, a copy of the audited Consolidated and unaudited Consolidating financial statements of the Parent and its Consolidated Subsidiaries as at the end of such Fiscal Year and the related audited Consolidated and unaudited Consolidating
statements of income, stockholders equity, and cash flows of the Parent and its Consolidated Subsidiaries for such Fiscal Year or partial Fiscal Year and underlying assumptions, setting forth in each case in comparative form the figures for the
previous Fiscal Year, certified as being fairly stated in all material respects and reported upon without being subject to any “going concern” or like
qualification, and without any qualification or exception as to the scope of such audit by an independent, nationally recognized certified public accounting firm reasonably satisfactory to the Agent; 

 

	 	(b)	 as soon as available, but in any event within forty five (45) days after the end of each fiscal quarter
(including the last fiscal quarter of each Fiscal Year, which, for such fiscal quarters, shall be a Borrower-prepared draft subject to standard audit adjustments), commencing with the first full fiscal quarter after the Effective Date, the Borrower
prepared unaudited Consolidated and Consolidating balance sheets of the Parent and its Consolidated Subsidiaries as at the end of such fiscal quarter (and as of the month end in which such fiscal quarter ends) and the related unaudited statements of
income, stockholders equity and cash flows of the Parent and its Consolidated Subsidiaries for the portion of the Fiscal Year through the end of such fiscal quarter (and as of the month end in which such fiscal quarter ends), setting forth in each
case in comparative form (i) the figures for the corresponding periods in the previous year and (ii) the figures for the relevant period set forth in the projections delivered for such year pursuant to Section 7.2(e), and certified by
a Responsible Officer of the Borrower as being fairly stated in all material respects; and 

  
 94 

	 	(c)	 as soon as available, but in any event within thirty five (35) days after the end of each month
(excluding the last month of each fiscal quarter), commencing with the first full month after the Effective Date, the Borrower prepared unaudited Consolidated and Consolidating balance sheets of the Parent and its Consolidated Subsidiaries as at the
end of such month and the related unaudited statements of income, stockholders equity and cash flows of the Parent and its Consolidated Subsidiaries for the portion of the Fiscal Year through the end of such month, setting forth in each case in
comparative form (i) the figures for the corresponding periods in the previous year and (ii) the figures for the relevant period set forth in the projections delivered for such year pursuant to Section 7.2(e), and certified by a
Responsible Officer of the Borrower as being fairly stated in all material respects; and 

 all such financial statements
to be complete and correct in all material respects and to be prepared in reasonable detail and in accordance with GAAP throughout the periods reflected therein and with prior periods (except as approved by a Responsible Officer and disclosed
therein), provided however that the financial statements delivered pursuant to clauses (b) and (c) hereof will not be required to include footnotes and will be subject to change from audit and year-end adjustments. 

7.2 Certificates; Other Information. Furnish to the Agent, in form and detail reasonably acceptable to the Agent, with
sufficient copies for each Lender, the following documents: 
  

	 	(a)	 Concurrently with the delivery of the financial statements described in Sections 7.1(a) for each fiscal year
end, and 7.1(b) for each fiscal quarter end, a Covenant Compliance Report (or, in the case of the Borrower prepared financial statements for the last fiscal quarter of each fiscal year, a draft Covenant Compliance Certificate) duly executed by a
Responsible Officer of the Borrower; 

  

	 	(b)	 Promptly following any request therefor, information and documentation reasonably requested by the Agent or
any Lender for purposes of compliance with applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act and the Beneficial Ownership Regulation; 

 

	 	(c)	 Promptly upon receipt thereof, copies of all significant reports submitted by the Credit Parties’
firm(s) of certified public accountants in connection with each annual, interim or special audit or review of any type of the financial statements or related internal control systems of the Credit Parties made by such accountants, including any
comment letter submitted by such accountants to management in connection with their services; 

  

	 	(d)	 Any financial reports, statements, press releases, other material information or written notices delivered
to the holders of the Subordinated Debt pursuant to any applicable Subordinated Debt Documents (to the extent not otherwise required hereunder), as and when delivered to such Persons; 

  
 95 

	 	(e)	 Within thirty (30) days of the end of each Fiscal Year, projections (including an annual budget) for
the Credit Parties for the following 12 month period, on a quarterly basis, including a balance sheet, as at the end of each relevant period and for the period commencing at the beginning of the Fiscal Year and ending on the last day of such
relevant period, such projections certified by a Responsible Officer of the Borrower as being based on reasonable estimates and assumptions taking into account all facts and information known (or reasonably available to any Credit Party) by a
Responsible Officer of the Borrower; 

  

	 	(f)	 Upon request of Agent, (i) a monthly aging of the accounts receivable and accounts payable of the
Credit Parties, and (ii) an inventory report; 

  

	 	(f-1)	 promptly upon receipt, copies of any detailed audit reports, management letters or recommendations submitted
to the board of directors (or the audit committee of the board of directors) of Parent by its certified public accounting firm in connection with the accounts or books of Parent or any Subsidiary, or any audit of any of them, including, without
limitation, specifying any Internal Control Event; [[per Third Amendment]] 

 

	 	(f-2)	 promptly after the same are available, copies of each annual report, proxy or financial statement or other
report or communication sent to the stockholders of Parent and copies of all annual, regular, periodic and special reports and registration statements which Parent may file or be required to file with the SEC under Section 13 or 15(d) of the
Securities Exchange Act of 1934 or with any national securities exchange; [[per Third Amendment]] 

 

	 	(f-3)	 promptly, and in any event within five (5) Business Days after receipt thereof by any Credit Party or
any Subsidiary thereof, copies of each notice or other correspondence received from any Governmental Authority (including, without limitation, the SEC (or comparable agency in any applicable non-U.S. jurisdiction)) concerning any proceeding with, or
investigation or possible investigation or other inquiry by such Governmental Authority regarding financial or other operational results of any Credit Party or any Subsidiary thereof or any other matter which, if adversely determined, could
reasonably expected to have a Material Adverse Effect; [[per Third Amendment]] 

 

	 	(g)	 Any additional information as required by any Loan Document, and such additional schedules, certificates and
reports respecting all or any of the Collateral, the items or amounts received by the Credit Parties in full or partial payment thereof, and any goods (the sale or lease of which shall have given rise to any of the Collateral) possession of which
has been obtained by the Credit Parties, all to such extent as the Agent may reasonably request from time to time, any such schedule, certificate or report to be certified as true and correct in all material respects by a Responsible Officer of the

  
 96 

	 	 
applicable Credit Party and shall be in such form and detail as the Agent may reasonably specify; 

  

	 	[(h)	 Copies of such Specified Hedging Agreement and all amendments, modifications, extensions,
renewals, cancellations, terminations thereof and all material notifications thereunder, in each case promptly after entering into, or giving or receiving, the same; and] 

 

	 	(h)	
][(i)
]Such additional financial and/or other information as the Agent or any Lender may from time to time reasonably request, promptly following such request. 

7.3 Payment of Obligations. Pay, discharge or otherwise satisfy, at or before maturity or before they become delinquent,
as the case may be, all of its material obligations of whatever nature, including without limitation all assessments, governmental charges, claims for labor, supplies, rent or other obligations, except where the amount or validity thereof is
currently being appropriately contested in good faith and reserves in conformity with GAAP with respect thereto have been provided on the books of the Credit Parties. 

7.4 Conduct of Business and Maintenance of Existence; Compliance with Laws 

(a) Continue to engage in their respective business and operations substantially as conducted immediately prior to the
Effective Date; 
 (b) Preserve, renew and keep in full force and effect its existence and maintain its qualifications to do
business in each jurisdiction where such qualifications are necessary for its operations, except as otherwise permitted pursuant to Section 8.4; 

(c) Take all action it deems necessary in its reasonable business judgment to maintain all rights, privileges, licenses and
franchises necessary for the normal conduct of its business except where the failure to so maintain such rights, privileges or franchises could not, either singly or in the aggregate, reasonably be expected to have a Material Adverse Effect; 

(d) Comply with all Contractual Obligations and Requirements of Law, except to the extent that failure to comply therewith
could not, either singly or in the aggregate, reasonably be expected to have a Material Adverse Effect; and 
 (e) (i)
Continue to be a Person whose property or interests in property is not blocked or subject to blocking pursuant to Section 1 of Executive Order 13224 of September 23, 2001 Blocking Property and Prohibiting Transactions With Persons Who
Commit, Threaten to Commit or Support Terrorism (66 Fed. Reg. 49079 (2001)) (the “Order”), (ii) not engage in the transactions prohibited by Section 2 of that Order or become associated with Persons such that a violation of
Section 2 of the Order would arise, and (iii) not become a Person on the list of Specially Designated National and Blocked Persons, or (iv) otherwise not become subject to the limitation of any OFAC regulation or executive order. 

7.5 Maintenance of Property; Insurance. (a) Keep all material property it deems, in its reasonable business
judgment, useful and necessary in its business in working order (ordinary wear 

  
 97 

 
and tear excepted); (b) maintain insurance coverage with financially sound and reputable insurance companies on physical assets and against other business risks in such amounts and of such
types as are customarily carried by companies similar in size and nature (including without limitation casualty and public liability and property damage insurance), and in the event of acquisition of additional property, real or personal, or of the
incurrence of additional risks of any nature, increase such insurance coverage in such manner and to such extent as prudent business judgment and present practice or any applicable Requirements of Law would dictate and in the event of any Mortgaged Property located in a Flood Hazard Zone, maintain at all times flood insurance on such property from
such insurance providers, on such terms and in such amounts as required under the Flood Laws or as otherwise required by any Lender; (c) in the case of all insurance policies covering any
Collateral, such insurance policies shall provide that the loss payable thereunder shall be payable to the applicable Credit Party, and to the Agent (as mortgagee, or, in the case of personal property interests, lender loss payee) as their
respective interests may appear; (d) in the case of all public liability insurance policies, such policies shall list the Agent as an additional insured, as the Agent may reasonably request; and (e) if requested by the Agent, certificates
evidencing such policies, including all endorsements thereto, to be deposited with the Agent, such certificates being in form and substance reasonably acceptable to the
Agent; provided that if any Credit Party fails to insure or fails to pay the premiums on any required insurance (including,
without limitation, flood insurance), Agent may (but is not obligated to), and, with respect to flood insurance only, any Lender may (but shall not be obligated to), following five (5) Business Days’ notice to Agent, have the insurance
issued or renewed (and pay the premiums on it for the account of the applicable Credit Party) in amounts and with companies and at premiums as Agent or such Lender deems appropriate or, with respect to flood insurance, as required by the Flood Laws.
If Agent or any Lender elects to have insurance issued or renewed to insure the interests of the applicable Credit Party, Agent or such Lender shall have no obligation to also insure such Credit Party’s interest or to notify such Credit Party
of its actions. Any sums paid by Agent or any Lender for insurance as provided above shall be added to the Indebtedness. 

7.6 Inspection of Property; Books and Records, Discussions. Permit the Agent and each Lender, through their authorized
attorneys, accountants and representatives (a) at all reasonable times upon reasonable prior written notice (which notice shall not be required upon the occurrence and during the continuance of an Event of Default) and during normal business
hours, upon the request of the Agent or such Lender, to examine each Credit Party’s books, accounts, records, ledgers and assets and properties; (b) from time to time, during normal business hours upon reasonable prior written notice
(which notice shall not be required upon the occurrence and during the continuance of an Event of Default), upon the request of the Agent, to conduct full or partial collateral audits of the Accounts and Inventory of the Credit Parties and
appraisals of all or a portion of the fixed assets (including real property) of the Credit Parties, such audits and appraisals to be completed by an appraiser as may be selected by the Agent and consented to by the Borrower (such consent not to be
unreasonably withheld), with all reasonable and invoiced out-of-pocket costs and expenses of such audits to be reimbursed by the Credit Parties, provided that so long as no Event of Default or Default exists, the Borrower shall not be required to
reimburse the Agent for such audits or appraisals more frequently than once each Fiscal Year; (c) during normal business hours and at their own risk, to enter onto the real property owned or leased by any Credit Party to conduct inspections,
investigations or other reviews of such real property; and (d) at reasonable times during normal business hours upon reasonable prior written notice 

  
 98 

 
(which notice shall not be required upon the occurrence and during the continuance of an Event of Default) and at reasonable intervals, to visit all of the Credit Parties’ offices, discuss
each Credit Party’s respective financial matters with their respective officers, as applicable, and, by this provision, the Borrower authorizes, and will cause each of its respective Subsidiaries to authorize, its independent certified or
chartered public accountants to discuss the finances and affairs of any Credit Party and examine any of such Credit Party’s books, reports or records held by such accountants. 

7.7 Notices. Promptly give written notice to the Agent of: 

 

	 	(a)	 the occurrence of any Default or Event of Default of which any Credit Party has knowledge or the occurrence
of any Reportable Compliance Event; 

  

	 	(b)	 any (i) litigation or proceeding existing at any time between any Credit Party and any Governmental
Authority or other third party, or any investigation of any Credit Party conducted by any Governmental Authority, which in any case if adversely determined would have a Material Adverse Effect or (ii) any material adverse change in the
financial condition of any Credit Party since the date of the last audited financial statements delivered pursuant to Section 7.1(a) hereof; 

  

	 	(c)	 the occurrence of any event which any Credit Party believes could reasonably be expected to have a Material
Adverse Effect, promptly after concluding that such event could reasonably be expected to have such a Material Adverse Effect; 

  

	 	(d)	 promptly after becoming aware thereof, the taking by the Internal Revenue Service or any foreign taxing
jurisdiction of a written tax position (or any such tax position taken by any Credit Party in a filing with the Internal Revenue Service or any foreign taxing jurisdiction) which could reasonably be expected to have a Material Adverse Effect,
setting forth the details of such position and the financial impact thereof; 

  

	 	(e)	 (i) all jurisdictions in which any Credit Party proposes to become qualified after the Effective Date to
transact business, (ii) the acquisition or creation of any new Subsidiaries, (iii) any material change after the Effective Date in the authorized and issued Equity Interests of any Credit Party or any other material amendment to any Credit
Party’s charter, by-laws or other organizational documents, such notice, in each case, to identify the applicable jurisdictions, capital structures or amendments as applicable, provided that such notice shall be given not less than ten
(10) Business Days prior to the proposed effectiveness of such changes, acquisition or creation, as the case may be (or such shorter period to which the Agent may consent); 

 

	 	(f)	 not less than fifteen (15) Business Days (or such other shorter period to which the Agent may agree)
prior to the proposed effective date thereof, 

  
 99 

	 	 
any proposed material amendments, restatements or other modifications to any Subordinated Debt Documents; and 

 

	 	(g)	 promptly notify the Agent of the occurrence
of any ERISA Event that, either individually or together with any other ERISA Events, could reasonably be expected to have a Material Adverse Effect; and 

 

	 	(h)	
[(g)
]any default or event of default by any Person under any Subordinated Debt Document, concurrently with delivery or promptly after receipt (as the case may be) of any notice of default or event of default under the applicable
document, as the case may be. 

 Each notice pursuant to this Section shall be accompanied by a statement of a Responsible
Officer of the Borrower Representative setting forth details of the occurrence referred to therein and, in the case of notices referred to in clauses (a), (b), (c), (d) and (g) hereof stating what action the applicable Credit Party has
taken or proposes to take with respect thereto. 
 7.8 Hazardous Material Laws. 

(a) Use and operate all of its facilities and properties in material compliance with all applicable Hazardous Material Laws,
keep all material required permits, approvals, certificates, licenses and other authorizations required under such Hazardous Material Laws in effect and remain in compliance therewith, and handle all Hazardous Materials in material compliance with
all applicable Hazardous Material Laws; 
 (b) (i) Promptly notify the Agent and provide copies upon receipt of all written
claims, complaints, notices or inquiries received by any Credit Party relating to its facilities and properties or compliance with Hazardous Material Laws which, if adversely determined, could reasonably be expected to have a Material Adverse Effect
and (ii) promptly cure and have dismissed with prejudice to the reasonable satisfaction of the Agent and the Majority Lenders any material actions and proceedings relating to compliance with Hazardous Material Laws to which any Credit Party is
named a party, other than such actions or proceedings being contested in good faith and with the establishment of reasonable reserves; 

(c) To the extent necessary to comply in all material respects with Hazardous Material Laws, remediate or monitor contamination
arising from a release or disposal of Hazardous Material, which solely, or together with other releases or disposals of Hazardous Materials could reasonably be expected to have a Material Adverse Effect; 

(d) Provide such information and certifications which the Agent or any Lender may reasonably request from time to time to
evidence compliance with this Section 7.8. 
 7.9 Financial Covenants. 

(a) Maintain as of the end of each fiscal quarter of Borrower, commencing on March 31, 2019 a Fixed Charge Coverage Ratio
of not less than 1.20 to 1.00. 

  
 100 

 (b) Maintain as of the end of each fiscal quarter of Borrower, commencing on
March 31,
[2019]2021
, a Total Leverage Ratio of not more than [3.0 to
1.0.]the following amounts for the specified
periods: 
  

					
	 December 31,
2021 through June 29, 2023
	  	 	3.50 to 1.00	 
	 June 30,
2023 through June 29, 2024
	  	 	3.25 to 1.00	 
	 June 30,
2024 and thereafter
	  	 	3.00 to 1.00	 

  
  

7.10 Governmental and Other Approvals. Apply for, obtain and/or maintain in effect, as applicable, all authorizations,
consents, approvals, licenses, qualifications, exemptions, filings, declarations and registrations (whether with any court, governmental agency, regulatory authority, securities exchange or otherwise) which are necessary or reasonably requested by
the Agent in connection with the execution, delivery and performance by any Credit Party of, as applicable, this Agreement, the other Loan Documents, the Subordinated Debt Documents, or any other documents or instruments to be executed and/or
delivered by any Credit Party, as applicable in connection therewith or herewith, except where the failure to so apply for, obtain or maintain could not reasonably be expected to have a Material Adverse Effect. 

7.11 Compliance with ERISA[;
ERISA Notices]. 
  

	 	[(a)]	 Comply in all material respects with all material requirements imposed by ERISA and the Internal Revenue Code, including,
but not limited to, the minimum funding requirements for any Pension Plan, except to the extent that any noncompliance could not reasonably be expected to have a Material Adverse Effect. 

 

	 	[(b)	 Promptly notify the Agent upon the occurrence of any of the following events in writing:
(i) the termination, other than a standard termination, as defined in ERISA, of any Pension Plan subject to Subtitle C of Title IV of ERISA by any Credit Party; (ii) the appointment of a trustee by a United States District Court to
administer any Pension Plan subject to Title IV of ERISA; (iii) the commencement by the PBGC, of any proceeding to terminate any Pension Plan subject to Title IV of ERISA; (iv) the failure of any Credit Party to make any payment in respect
of any Pension Plan required under Section 412 of the Internal Revenue Code or Section 302 of ERISA; (v) the withdrawal of any Credit Party from any Multiemployer Plan if any Credit Party reasonably believes that such withdrawal would
give rise to the imposition of Withdrawal Liability with respect thereto; or (vi) the occurrence of (x) a “reportable event” which is required to be reported by a Credit Party under Section 4043 of ERISA other than any event
for which the reporting requirement has been waived by the PBGC or (y) a “prohibited transaction” as defined in Section 406 of ERISA or Section 4975 of the Internal Revenue Code other than a transaction for which a statutory
exemption is available or an administrative exemption has been obtained.] 

 7.12
Defense of Collateral. Defend the Collateral from any Liens other than Liens permitted by Section 8.2. 

  
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 7.13 Future Subsidiaries; Additional Collateral. 

(a) With respect to each Person which becomes a Domestic Subsidiary of the Borrower (directly or indirectly) subsequent to the
Effective Date, whether by Permitted Acquisition, Division or otherwise,
cause such new Domestic Subsidiary to execute and deliver to the Agent, for and on behalf of each of the Lenders (unless waived by the Agent): 
  

	 	(i)	 within thirty (30) days after the date such Person becomes a Domestic Subsidiary (or such longer time
period as the Agent may determine), a Guaranty, or in the event that a Guaranty already exists, a joinder agreement to the Guaranty whereby such Domestic Subsidiary becomes obligated as a Guarantor under the Guaranty; and 

 

	 	(ii)	 within thirty (30) days after the date such Person becomes a Domestic Subsidiary (or such longer time
period as the Agent may determine), a joinder agreement to the Security Agreement whereby such Domestic Subsidiary grants a Lien over its assets (other than Equity Interests which should be governed by (b) of this Section 7.13) as set
forth in the Security Agreement, and such Domestic Subsidiary shall take such additional actions as may be necessary to ensure a valid first priority perfected Lien over such assets of such Domestic Subsidiary, subject only to the other Liens
permitted pursuant to Section 8.2 of this Agreement; 

  

	 	(iii)	 within the time period specified in and to the extent required under clause (c) of this
Section 7.13, a Mortgage, [Leasehold Mortgage, ]Collateral Access Agreements and/or other documents required to be delivered in connection therewith; 

(b) With respect to the Equity Interests of each Person which becomes (whether by Permitted Acquisition, Division or otherwise) (i) a Domestic Subsidiary subsequent to the
Effective Date, cause the Credit Party that holds such Equity Interests to execute and deliver such Pledge Agreements, and take such actions as may be necessary to ensure a valid first priority perfected Lien over one hundred percent (100%) of
the Equity Interests of such Domestic Subsidiary held by a Credit Party, such Pledge Agreements to be executed and delivered (unless waived by the Agent) within thirty (30) days after the date such Person becomes a Domestic Subsidiary (or such
longer time period as the Agent may determine); and (ii) a Foreign Subsidiary or FSHCO subsequent to the Effective Date, the Equity Interests of which is held directly by the Borrower or one of its Domestic Subsidiaries, cause the Credit Party that holds such Equity Interests to execute and deliver
such Pledge Agreements and take such actions as may be necessary to ensure a valid first priority perfected Lien over sixty-five percent (65%) of the Equity Interests of such Subsidiary, such Pledge Agreements to be executed and delivered
(unless waived by the Agent) within thirty (30) days after the date such Person becomes a Foreign Subsidiary or
FSHCO (or such longer time period as the Agent may determine); and 

  
 102 

 (c) (i) With respect to the acquisition of a fee interest in real property
by any Credit Party after [the Effective
Date]December 21, 2021 (whether by Permitted Acquisition or otherwise), with a fair market value in excess of
One Million Dollars ($1,000,000), not later than
[thirty]sixty
 ([30]60) days after the acquisition is consummated or the owner of such property
becomes a Domestic Subsidiary (or such longer time period as the Agent may determine), such Credit Party shall execute or cause to be executed (unless waived by the Agent), a Mortgage (or an amendment to an existing mortgage, where appropriate)
covering such real property, together with such additional real estate documentation, environmental reports, title policies and surveys as may be reasonably required by the
Agent[;] and
[(ii)]all
 flood hazard determination certifications, acknowledgments and evidence of flood insurance and other flood-related documentation with respect to [the acquisition of any leasehold interest
in]such real
 property [by any Credit Party after the Effective Date (whether by Permitted Acquisition or otherwise), not later than thirty (30) days after the acquisition is
consummated or the owner of the applicable leasehold interest becomes a Domestic Subsidiary (or such longer time period as the Agent may determine), the applicable Credit Party shall deliver to the Agent a copy of the applicable lease agreement and
shall execute or cause to be executed, at the Agent’s option, unless otherwise waived by the Agent, (x) a Leasehold Mortgage covering the applicable leasehold interest, and a Consent and Acknowledgment, together with such additional real
estate documentation as may be reasonably]as required by [the Agent or (y) a Collateral Access Agreement in form and substance reasonably acceptable to the Agent together with
such other documentation as may be]Flood Laws and as
otherwise reasonably required by the Agent; 
 in each case in form
reasonably satisfactory to the Agent, in its reasonable discretion, together with such supporting documentation, including without limitation corporate authority items, certificates and opinions of counsel, as reasonably required by the Agent. Upon
the Agent’s reasonable request, Credit Parties shall take, or cause to be taken, such additional steps as are necessary or advisable under applicable law to perfect and ensure the validity and priority of the Liens granted under this
Section 7.13. 

Notwithstanding the
foregoing, (y) the Agent shall not enter into any Mortgage in respect of any real property acquired by a Credit Party after the Effective Date until sixty (60) days after the Agent has delivered to the Lenders (which may be delivered
electronically) the following documents in respect of such real property: (i) sufficient information to allow each Lender to conduct flood insurance due diligence and flood insurance compliance with respect to such property (such information to
include without limitation such property’s street address that will be used in the Mortgage with respect to such property and in the mortgage title insurance policy and any other Loan Documents to be delivered in connection with such Mortgage),
(ii) a completed flood hazard determination from a third party vendor; (iii) if any part of such property is located in a Flood Hazard Zone, a notification to the applicable Credit Parties of that fact and, if applicable, notification to
the applicable Credit Parties that flood insurance coverage is not available and evidence of the receipt by the applicable Credit Parties of such notice; provided that (subject to clause (z) below) the Agent may enter into such Mortgage prior
to the end of such sixty (60) day period if the Agent shall have received confirmation from each applicable Lender that such Lender has completed any necessary flood insurance due diligence to its reasonable satisfaction; and (z) if any
part of such  

  
 103 

 
property is located in a Flood Hazard Zone and flood insurance coverage is not
available, no party shall enter into a Mortgage with respect to such property. 

7.14 Accounts. Maintain primary all deposit accounts and securities accounts of any Credit Party with the Agent or a
Lender, provided that, with respect to any such accounts maintained with any Lender (other than the Agent), such Credit Party (i) shall cause to be executed and delivered an Account Control Agreement in form and substance reasonably
satisfactory to the Agent and (ii) has taken all other steps necessary, or in the opinion of the Agent, desirable to ensure that the Agent has a perfected security interest in such account. 

7.15 Use of Proceeds. Use all Advances of the Revolving Credit as set forth in Section 2.12 hereof and the proceeds
of the Term Loan as set forth in Section 4.9 hereof. The Borrower shall not use any portion of the proceeds of any such advances for the purpose of purchasing or carrying any “margin stock” (as defined in Regulation U of the Board of
Governors of the Federal Reserve System) in any manner which violates the provisions of Regulation T, U or X of said Board of Governors or for any other purpose in violation of any applicable statute or regulation and not use the Advances to fund
any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Country or Sanctioned Person in violation of any Anti-Terrorism Law. 

7.16 Hedging Transaction. Within
[thirty]forty
 five ([30]45) days
[following the Effective
Date]after December 21, 2021, the Borrower shall enter into a Hedging Agreement with Comerica Bank sufficient, at the minimum, to cover fifty percent (50%) of the aggregate outstanding principal amount of the Term Loan for a [3]5
-year period following the execution of such Hedging Agreement. The Hedging Agreement shall be in form and substance reasonably acceptable to the Agent. 

7.17 Further Assurances and Information. 
  

	 	(a)	 Take such actions as the Agent or Majority Lenders may from time to time reasonably request to establish and
maintain first priority perfected security interests in and Liens on all of the Collateral, subject only to those Liens permitted under Section 8.2 hereof, including executing and delivering such additional pledges, assignments, mortgages, lien
instruments or other security instruments covering any or all of the Credit Parties’ assets as the Agent may reasonably require, such documentation to be in form and substance reasonably acceptable to the Agent, and prepared at the expense of
the Borrower. 

  

	 	(b)	 Execute and deliver or cause to be executed and delivered to the Agent within a reasonable time following
the Agent’s request, and at the expense of the Borrower, such other documents or instruments as the Agent may reasonably require to effectuate more fully the purposes of this Agreement or the other Loan Documents. 

(c) [Provide the Agent and the Lenders with any
other information required by Section 326 of the USA Patriot Act or necessary for the Agent and the Lenders to verify the identity of any Credit Party as required by Section 326 of the USA Patriot Act.] Promptly provide Agent and the Lenders with any information and documentation reasonably 

  
 104 

 
requested by the Agent or any Lender for purposes of compliance with
applicable “know your customer” anti-money laundering rules and regulations, including under the USA Patriot Act and any the Beneficial Ownership Regulation. 

(d) With
respect to all or any portion of a Mortgaged Property (a) at any time upon the Agent’s or any Lender’s request, provide the Agent and each Lender with sufficient information to allow the Agent and each Lender to conduct flood
insurance due diligence and flood insurance compliance with respect to such property (such information to include without limitation such property’s street address that is used in the Mortgage with respect to such property and in the
mortgage title insurance policy and any other Loan Documents delivered in connection with such Mortgage), and (b) if any part of such Mortgaged Property is determined to be in a Flood Hazard Zone, deliver or cause to be delivered to Agent and
the Lenders, within forty five (45) days after receipt by the applicable Credit Party of notice from the Agent or a Lender that any part of such Mortgaged Property is located in a Flood Hazard Zone, evidence of flood insurance on such property
from such insurance providers on such terms and in such amounts as required under the Flood Laws or as otherwise required by any Lender. 

7.18
Anti-Terrorism Laws[7.19]. Not permit (i) any Covered Entity to become a Sanctioned Person, (ii) any Covered
Entity, either in its own right or through any third party, to (A) have any of its assets in a Sanctioned Country or in the possession, custody or control of a Sanctioned Person in violation of any Anti-Terrorism Law; (B) do business in or
with, or derive any of its income from investments in or transactions with, any Sanctioned Country or Sanctioned Person in violation of any Anti-Terrorism Law; (C) engage in any dealings or transactions prohibited by any Anti-Terrorism Law; or
(D) use the Advances to fund any operations in, finance any investments or activities in, or, make any payments to, a Sanctioned Country or Sanctioned Person in violation of any Anti-Terrorism Law, (iii) the funds used to repay the
Indebtedness will not be derived from any unlawful activity, and (iv) shall cause each Covered Entity to comply with all Anti-Terrorism Laws. 

7.19 [Reserved]. 

7.20 Post Closing Deliverable. On or before [April
1]February 28,
[2019] 2022,
 or such later date as may be approved by the Agent in its sole discretion, deliver, or cause to be delivered, to Agent a
[Consent]fully
 executed and [Agreement]notarized deed of trust for the real property commonly known as 7401 Turkey Hwy, Turkey, Sampson County, North Carolina 28393
(“Turkey Property”), in form and substance reasonably satisfactory to Agent
providing Agent with [respect to Borrower’s and its Subsidiaries’ project located at the Galveston County Landfill located in Galveston, Texas]a first priority lien on the Turkey Property, together with each of the items required
under Section 7.13(c)(i). 
  

	8.	 NEGATIVE COVENANTS. 

The Borrower covenants and agrees that, [so long as any
Lender has any commitment to extend credit hereunder, or any
of]until the
 Payment in Full of all Indebtedness[ remains outstanding and unpaid], it will not, and, as applicable, it will not permit any of its Subsidiaries to:

  
 105 

 8.1 Limitation on Debt. Create, incur, assume or suffer to exist any
Debt, except: 
  

	 	(a)	 Indebtedness of any Credit Party to the Agent or any Lender; 

 

	 	(b)	 any Debt existing on the Effective Date and set forth in Schedule 8.1 attached hereto and any renewals or
refinancing of such Debt (provided that (i) the aggregate principal amount of such renewed or refinanced Debt shall not exceed the aggregate principal amount of the original Debt outstanding on the Effective Date (less any principal payments
and the amount of any commitment reductions made thereon on or prior to such renewal or refinancing), (ii) the renewal or refinancing of such Debt shall be on substantially the same or better terms as in effect with respect to such Debt on the
Effective Date, and shall otherwise be in compliance with this Agreement, and (iii) at the time of such renewal or refinancing no Default or Event of Default has occurred and is continuing or would result from the renewal or refinancing of such
Debt; 

 any Debt of the Borrower or any of its Subsidiaries incurred to finance the acquisition of fixed
or capital assets, whether pursuant to a loan or a Capitalized Lease provided that both at the time of and immediately after giving effect to the incurrence thereof (i) no Default or Event of Default shall have occurred and be continuing, and
(ii) the aggregate amount of all such Debt at any one time outstanding (including, without limitation, any Debt of the type described in this clause (c) which is set forth on Schedule 8.1 hereof) shall not exceed $75,000, and any renewals
or refinancings of such Debt on terms substantially the same or better than those in effect at the time of the original incurrence of such Debt; 
  

	 	(c)	 Subordinated Debt; 

 

	 	(d)	 Debt under any Hedging Transactions, provided that such transaction is entered into for risk management
purposes and not for speculative purposes; 

  

	 	(e)	 Debt arising from judgments or decrees not deemed to be a Default or Event of Default under subsection
(g) of Section 9.1; and 

  

	 	(f)	 Debt owing to a Person that is a Credit Party, but only to the extent permitted under Section 8.7
hereof. 

 8.2 Limitation on Liens. Create, incur, assume or suffer to exist any Lien upon any of its property,
assets or revenues, whether now owned or hereafter acquired, except for: 
  

	 	(a)	 Permitted Liens; 

  

	 	(b)	 Liens securing Debt permitted by Section 8.1(c), provided that (i) such Liens are created upon
fixed or capital assets acquired by the applicable Credit Party after the date of this Agreement (including without limitation by virtue of a loan or a Capitalized Lease), (ii) any such Lien is created

  
 106 

	 	 
solely for the purpose of securing indebtedness representing or incurred to finance the cost of the acquisition of the item of property subject thereto, (iii) the principal amount of the
Debt secured by any such Lien shall at no time exceed 100% of the sum of the purchase price or cost of the applicable property, equipment or improvements and the related costs and charges imposed by the vendors thereof and (iv) the Lien does
not cover any property other than the fixed or capital asset acquired; provided, however, that no such Lien shall be created over any owned real property of any Credit Party for which the Agent has received a Mortgage or for which such Credit Party
is required to execute a Mortgage pursuant to the terms of this Agreement; 

  

	 	(c)	 Liens created pursuant to the Loan Documents; and 

 

	 	(d)	 other Liens, existing on the Effective Date, set forth on Schedule 8.2 and renewals, refinancings and
extensions thereof on substantially the same or better terms as in effect on the Effective Date and otherwise in compliance with this Agreement. 

Regardless of the provisions of this Section 8.2, no Lien over the Equity Interests of the Borrower or any Subsidiary of the Borrower
(except for those Liens for the benefit of the Agent and the Lenders) shall be permitted under the terms of this Agreement. 

8.3 Acquisitions. Except for
the Toro Acquisition and Permitted Acquisitions, purchase or otherwise
acquire (including pursuant to any merger with or as a Division Successor pursuant to the Division of, any Person that was
not a Credit Party prior to such merger or Division) or become obligated for the purchase of all or substantially all or any material portion of the assets or business interests or a division
or other business unit of any Person, or any Equity Interest of any Person, or any business or going concern. 
 8.4
Limitation on Mergers, Dissolution or Sale of Assets. Enter into any merger or consolidation, or consummate a Division as the
Dividing Person, or convey, sell, lease, assign, transfer or otherwise dispose of any of its property, business or assets (including, without limitation, Equity Interests, receivables and
leasehold interests), whether now owned or hereafter acquired or liquidate, wind up or dissolve, except: 
  

	 	(a)	 Inventory leased or sold in the ordinary course of business; 

 

	 	(b)	 obsolete, damaged, uneconomic or worn out machinery or equipment, or machinery or equipment no longer used
or useful in the conduct of the applicable Credit Party’s business; 

  

	 	(c)	 Permitted Acquisitions; 

 

	 	(d)	 mergers or consolidations of any Subsidiary of the Borrower with or into the Borrower or any Guarantor so
long as the Borrower or such Guarantor shall be the continuing or surviving entity; provided that at the time of each such merger or consolidation, both before and after giving effect thereto, no

  
 107 

	 	 
Default or Event of Default shall have occurred and be continuing or result from such merger or consolidation; 

 

	 	(e)	 any Subsidiary of the Borrower may liquidate or dissolve into the Borrower or a Guarantor if the Borrower
determines in good faith that such liquidation or dissolution is in the best interests of the Borrower, so long as no Default or Event of Default has occurred and is continuing or would result therefrom; 

 

	 	(f)	 sales or transfers, including without limitation upon voluntary liquidation from any Credit Party to the
Borrower or a Guarantor, provided that the Borrower or Guarantor takes such actions as the Agent may reasonably request to ensure the perfection and priority of the Liens in favor of the Lenders over such transferred assets; 

 

	 	(g)	 subject to Section 4.8(b) hereof, (i) Asset Sales (exclusive of asset sales permitted pursuant to
all other subsections of this Section 8.4) in which the sales price is at least equal to the fair market value of the assets sold and the consideration received is cash or cash equivalents or Debt of any Credit Party being assumed by the
purchaser, provided that the aggregate amount of such Asset Sales does not exceed $75,000 in any Fiscal Year and no Default or Event of Default has occurred and is continuing at the time of each such sale (both before and after giving effect to such
Asset Sale), and (ii) other Asset Sales approved by the Majority Lenders in their sole discretion; 

  

	 	(h)	 the sale or disposition of Permitted Investments and other cash equivalents in the ordinary course of
business; and 

  

	 	(i)	 any Credit Party (other than the Borrower)
that is a limited liability company may consummate a Division as the Dividing Person provided that, if the Credit Party is a Guarantor, then immediately upon the consummation of the Division, the assets of the applicable Dividing Person are held by
the Borrower or one or more Guarantors at such time; provided further that if the foregoing requirements are not satisfied, such Division shall be permitted if such Division, in the aggregate, would otherwise result in an Asset Sale permitted by
clause (g) above; and 

  

	 	(j)	
[(i)
]dispositions of owned or leased vehicles in the ordinary course of business. 

 The Lenders hereby
consent and agree to the release by the Agent of any and all Liens on the property sold or otherwise disposed of in compliance with this Section 8.4. 

8.5 Restricted Payments. Declare or make any distributions, dividend, payment or other distribution of assets,
properties, cash, rights, obligations or securities (collectively, “Distributions”) on account of any of its Equity Interests, as applicable, or purchase, redeem or 

  
 108 

 
otherwise acquire for value any of its Equity Interests, as applicable, or any warrants, rights or options to acquire any of its Equity Interests, now or hereafter outstanding (collectively,
“Purchases”), except that: 
  

	 	(a)	 each Credit Party may pay cash Distributions to the Borrower; 

 

	 	(b)	 each Credit Party may declare and make Distributions payable in the Equity Interests of such Credit Party,
provided that the issuance of such Equity Interests does not otherwise violate the terms of this Agreement and no Default or Event of Default has occurred and is continuing at the time of making such Distribution or would result from the making of
such Distribution; 

  

	 	(c)	 each Credit Party may make Tax Distributions; and 

 

	 	(d)	 subject to the satisfaction of the Distribution Conditions, Borrower may make (i) Distributions to its
members and (ii) Purchases; provided, that, the aggregate amount of all Distributions (excluding Tax Distributions permitted under Section (c) above) and Purchases made in any consecutive twelve (12) month period shall not exceed
(a) for any trailing twelve month period of determination that includes the fiscal quarters ending March 31, 2019, June 30, 2019 and September 30, 2019, the sum of (i) $20,000,000, minus (ii) 50% of Maintenance
Capital Expenditures that were excluded as a deduction from Consolidated EBITDA when calculating the Fixed Charge Coverage Ratio during such period, and (b) for any other trailing twelve (12) month period, $20,000,000. [[per First Amendment] ] 

8.6 [Reserved]. 

8.7 Limitation on Investments, Loans and Advances. Make or allow to remain outstanding any Investment (whether such
investment shall be of the character of investment in shares of stock, evidences of indebtedness or other securities or otherwise) in, or any loans or advances to, any Person other than: 

 

	 	(a)	 Permitted Investments; 

 

	 	(b)	 Investments existing on the Effective Date and listed on Schedule 8.7 hereof; 

 

	 	(c)	 sales on open account in the ordinary course of business; 

 

	 	(d)	 intercompany loans or intercompany Investments made by any Credit Party to or in any Guarantor or the
Borrower; provided that, in the case of any intercompany loans or intercompany Investments made by the Borrower in any Guarantor, the aggregate amount from time to time outstanding in respect thereof shall not exceed
$[20,000,000]25,000,000; and provided, further, that in each case, no Default or Event of Default
shall have occurred and be continuing at the time of making such intercompany loan or 

  
 109 

	 	 
intercompany Investment or result from such intercompany loan or intercompany Investment being made and that any intercompany loans shall be evidenced by and funded under an Intercompany Note
pledged to the Agent under the appropriate Collateral Documents; 

  

	 	(d-1)	 intercompany loans or investments made by any Credit Party to or in Red Top on or about July 16, 2018
in the amount of $1,320,000 and additional loans to and investments in Red Top made after July 16, 2018 in an aggregate amount not to exceed $6,880,000; 

  

	 	(e)	 Investments in respect of Hedging Transactions provided that such transaction is entered into for risk
management purposes and not for speculative purposes; and 

  

	 	(f)	 Permitted Acquisitions. 

In valuing any Investments for the purpose of applying the limitations set forth in this Section 8.7 (except as otherwise expressly
provided herein), such Investment shall be taken at the original cost thereof, without allowance for any subsequent write-offs or appreciation or depreciation, but less any amount repaid or recovered on account of capital or principal. 

8.8 Transactions with Affiliates. Except as set forth in Schedule 8.8, enter into any transaction, including, without
limitation, any purchase, sale, lease or exchange of property or the rendering of any service, with any Affiliates of the Credit Parties except: (a) transactions with Affiliates that are the Borrower or Guarantors; (b) transactions
otherwise permitted under this Agreement; and (c) transactions in the ordinary course of a Credit Party’s business and upon fair and reasonable terms no less favorable to such Credit Party than it would obtain in a comparable arm’s
length transaction from unrelated third parties. 
 8.9 Sale-Leaseback Transactions. Enter into any arrangement with
any Person providing for the leasing by a Credit Party of real or personal property which has been or is to be sold or transferred by such Credit Party to such Person or to any other Person to whom funds have been or are to be advanced by such
Person on the security of such property or rental obligations of such Credit Party, as the case may be, provided that if, at the time that a Credit Party acquires fixed or capital assets, such Credit Party intends to sell to and then lease such
assets from another Person pursuant to a financing arrangement that would be permitted under Section 8.1(c), such transaction will not constitute a violation of this Section 8.9 so long as such transaction is consummated within sixty
(60) days following the acquisition of such assets. 
 8.10 Limitations on Other Restrictions. Except for this
Agreement or any other Loan Document, enter into any agreement, document or instrument which would (i) restrict the ability of any Subsidiary of the Borrower to pay or make dividends or distributions in cash or kind to the Borrower or any
Guarantor, to make loans, advances or other payments of whatever nature to any Credit Party, or to make transfers or distributions of all or any part of its assets to any Credit Party; or (ii) restrict or prevent any Credit Party from granting
the Agent on behalf of Lenders Liens upon, security interests in and pledges of their respective assets, except to the extent such restrictions exist in documents creating Liens permitted by Section 9.2(b) hereunder. 

  
 110 

 8.11 Prepayment of Debt. Make any prepayment (whether optional or
mandatory), repurchase, redemption, defeasance or any other payment in respect of any Subordinated Debt. 
 8.12 Amendment
of Subordinated Debt Documents. Amend, modify or otherwise alter (or suffer to be amended, modified or altered) the Subordinated Debt Documents except as permitted in the applicable Subordinated Debt Documents and Subordination Agreements, or if
no such restrictions exist in the applicable Subordinated Debt Documents or Subordination Agreements, without the prior written consent of the Agent. 

8.13 Modification of Certain Agreements. Make, permit or consent to any amendment or other modification to the
constitutional documents of any Credit Party or any Material Contract except to the extent that any such amendment or modification (i) does not violate the terms and conditions of this Agreement or any of the other Loan Documents,
(ii) does not materially adversely affect the interest of the Lenders as creditors and/or secured parties under any Loan Document and (iii) could not reasonably be expected to have a Material Adverse Effect. 

8.14 Management Fees. Pay or otherwise advance, directly or indirectly, any management, consulting or other fees to an
Affiliate. 
 8.15 Fiscal Year. Permit the Fiscal Year of any Credit Party to end on a day other than March 31.

 8.16 Pension Plans. Establish a pension plan within the meaning of Title IV of ERISA. 

 

	9.	 DEFAULTS. 

9.1 Events of Default. The occurrence of any of the following events shall constitute an Event of Default hereunder:

  

	 	(a)	 non-payment when due of (i) the principal or interest on the Indebtedness under the Revolving Credit
(including the Swing Line) or the Term Loan or (ii) any Reimbursement Obligation or (iii) any Fees; 

  

	 	(b)	 non-payment of any other amounts due and owing by the Borrower under this Agreement or by any Credit Party
under any of the other Loan Documents to which it is a party, other than as set forth in subsection (a) above, within three (3) Business Days after the same is due and payable; 

 

	 	(c)	 default in the observance or performance of any of the conditions, covenants or agreements of the Borrower
set forth in Sections 7.1, 7.2, 7.4(a) and (e), 7.5, 7.6, 7.7, 7.9, 7.13, 7.14, 7.15, 7.16, 7.17 or Article 8 in its entirety, provided that an Event of Default arising from a breach of Sections 7.1 or 7.2 shall be deemed to have been cured upon
delivery of the required item; and provided further that any Event of Default arising solely due to a breach of Section 7.7(a) shall be deemed cured upon the earlier of (x) the giving of the notice required by Section 7.7(a) and
(y) the date upon which the Default or Event of Default giving rise to the notice obligation is cured or waived; 

  
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	 	(d)	 default in the observance or performance of any of the other conditions, covenants or agreements set forth
in this Agreement or any of the other Loan Documents by any Credit Party and continuance thereof for a period of thirty (30) consecutive days; 

  

	 	(e)	 any representation or warranty made by any Credit Party herein or in any certificate, instrument or other
document submitted pursuant hereto proves untrue or misleading in any material adverse respect when made; 

  

	 	(f)	 (i) default by any Credit Party in the payment of any indebtedness for borrowed money, whether under a
direct obligation or guaranty (other than Indebtedness hereunder) of any Credit Party in excess of Five Hundred Thousand Dollars ($500,000) (or the equivalent thereof in any currency other than Dollars) individually or in the aggregate when due and
continuance thereof beyond any applicable period of cure and or (ii) failure to comply with the terms of any other obligation of any Credit Party with respect to any indebtedness for borrowed money (other than Indebtedness hereunder) in excess
of Five Hundred Thousand Dollars ($500,000) (or the equivalent thereof in any currency other than Dollars) individually or in the aggregate, which continues beyond any applicable period of cure and which would permit the holder or holders thereto to
accelerate such other indebtedness for borrowed money, or require the prepayment, repurchase, redemption or defeasance of such indebtedness; or (iii) any default
by any Credit Party under any Hedging Agreement which continues beyond any applicable period of cure; 

  

	 	(g)	 the rendering of any judgment(s) (not covered by adequate insurance from a solvent carrier which is
defending such action without reservation of rights) for the payment of money in excess of the sum of Five Hundred Thousand Dollars ($500,000) (or the equivalent thereof in any currency other than Dollars) individually or in the aggregate against
any Credit Party, and such judgments shall remain unpaid, unvacated, unbonded or unstayed by appeal or otherwise for a period of thirty (30) consecutive days from the date of its entry; 

 

	 	(h)	 [the occurrence of (i) a “reportable event”, as defined in
ERISA, which is determined by the PBGC to constitute grounds for a distress termination of any Pension Plan subject to Title IV of ERISA maintained or contributed to by or on behalf of any Credit Party for the benefit of any of its employees or for
the appointment by the appropriate United States District Court of a trustee to administer such Pension Plan and such reportable event is not corrected and such determination is not revoked within sixty (60) days after notice thereof has been
given to the plan administrator of such Pension Plan (without limiting any of the Agent’s or any Lender’s other rights or remedies hereunder), or (ii) the termination or the institution of proceedings by the PBGC to terminate any such
Pension Plan, or (iii) the appointment  

  
 112 

	 	 
of a trustee by the appropriate United States District Court to administer any such Pension Plan, or (iv) the reorganization (within the meaning of
Section 4241 of ERISA) or insolvency (within the meaning of Section 4245 of ERISA) of any Multiemployer Plan, or receipt of notice from any Multiemployer Plan that it is in reorganization or insolvency, or the complete or partial
withdrawal by any Credit Party from any Multiemployer Plan, which in the case of any of the foregoing, could reasonably be expected to have a Material Adverse
Effect;]an ERISA Event occurs with respect to a Pension Plan or Multiemployer Plan that has resulted or could reasonably be expected to result in
liability of the Borrower under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount that could reasonably be expected to have a Material Adverse Effect; 

 

	 	(i)	 except as expressly permitted under this Agreement, any Credit Party shall be dissolved (other than a
dissolution of a Subsidiary of the Borrower which is not a Guarantor or the Borrower) or liquidated (or any judgment, order or decree therefor shall be entered) except as otherwise permitted herein; or if a creditors’ committee shall have been
appointed for the business of any Credit Party; or if any Credit Party shall have made a general assignment for the benefit of creditors or shall have been adjudicated bankrupt and if not an adjudication based on a filing by a Credit Party, it shall
not have been dismissed within sixty (60) days, or shall have filed a voluntary petition in bankruptcy or for reorganization or to effect a plan or arrangement with creditors or shall fail to pay its debts generally as such debts become due in
the ordinary course of business (except as contested in good faith and for which adequate reserves are made in such party’s financial statements); or shall file an answer to a creditor’s petition or other petition filed against it,
admitting the material allegations thereof for an adjudication in bankruptcy or for reorganization; or shall have applied for or permitted the appointment of a receiver or trustee or custodian for any of its property or assets; or such receiver,
trustee or custodian shall have been appointed for any of its property or assets (otherwise than upon application or consent of a Credit Party ) and shall not have been removed within sixty (60) days; or if an order shall be entered approving
any petition for reorganization of any Credit Party and shall not have been reversed or dismissed within sixty (60) days; 

  

	 	(j)	 a Change of Control; 

 

	 	(k)	 if the Total Liabilities to Tangible Net Worth Ratio is greater than 2.0 to 1.0 as of the end of any fiscal
quarter of Parent; 

  

	 	(k-1)	 (A) if for the fiscal quarter ending December 31, 2019, the average monthly Argus D3 RIN Price for such
fiscal quarter is less than the RIN Floor and Consolidated EBITDA for such fiscal quarter was less than $5,000,000; (B) if for the fiscal quarter ended March 31, 2020, the average monthly Argus

  
 113 

	 	 
D3 RIN Price for such fiscal quarter is less than the RIN Floor and Consolidated EBITDA for the six month period ending on such fiscal quarter was less than $10,000,000; or (C) for any
fiscal quarter thereafter, the average monthly Argus D3 RIN Price for such fiscal quarter is less than the RIN Floor and Consolidated EBITDA for such fiscal quarter was less than $6,000,000;
[[per Second Amendment]] 

  

	 	(l)	 the validity, binding effect or enforceability of any subordination provisions relating to any Subordinated
Debt shall be contested by any Person party thereto (other than any Lender, the Agent, Issuing Lender or Swing Line Lender), or such subordination provisions shall fail to be enforceable by the Agent and the Lenders in accordance with the terms
thereof, or the Indebtedness shall for any reason not have the priority contemplated by this Agreement or such subordination provisions; 

  

	 	(m)	 any Loan Document shall at any time for any reason cease to be in full force and effect (other than in
accordance with the terms thereof or the terms of any other Loan Document), as applicable, or the validity, binding effect or enforceability thereof shall be contested by any party thereto (other than any Lender, the Agent, Issuing Lender or Swing
Line Lender), or any Person shall deny that it has any or further liability or obligation under any Loan Document, or any such Loan Document shall be terminated (other than in accordance with the terms thereof or the terms of any other Loan
Document), invalidated, revoked or set aside or in any way cease to give or provide to the Lenders and the Agent the benefits purported to be created thereby, or any Loan Document purporting to grant a Lien to secure any Indebtedness shall, at any
time after the delivery of such Loan Document, fail to create a valid and enforceable Lien on any Collateral purported to be covered thereby or such Lien shall fail to cease to be a perfected Lien with the priority required in the relevant Loan
Document; or 

  

	 	(n)	 Borrower fails to provide Agent and Lenders written notice within thirty (30) days after any change in
the federal Renewable Energy Standard, rules or regulations that could result in a Material Adverse Effect. 

9.2 Exercise of Remedies. If an Event of Default has occurred and is continuing hereunder: (a) the Agent may, and
shall, upon being directed to do so by the Majority Revolving Credit Lenders, declare the Revolving Credit Aggregate Commitment terminated; (b) the Agent may, and shall, upon being directed to do so by the Majority Lenders, declare the entire
unpaid principal Indebtedness, including the Notes, immediately due and payable, without presentment, notice or demand, all of which are hereby expressly waived by the Borrower; (c) upon the occurrence of any Event of Default specified in
Section 9.1(i) and notwithstanding the lack of any declaration by the Agent under preceding clauses (a) or (b), the entire unpaid principal Indebtedness shall become automatically and immediately due and payable, and the Revolving Credit
Aggregate Commitment shall be automatically and immediately terminated; (d) the Agent shall, upon being directed to do so by the Majority Revolving Credit Lenders, demand immediate delivery of cash collateral, and the Borrower agrees to deliver
such cash collateral upon demand, 

  
 114 

 
in an amount equal to 105% of the maximum amount that may be available to be drawn at any time prior to the stated expiry of all outstanding Letters of Credit, for deposit into an account
controlled by the Agent; (e) the Agent may, and shall, upon being directed to do so by the Majority Lenders, notify the Borrower or any Credit Party that interest shall be payable on demand on all Indebtedness (other than Revolving Credit
Advances, Swing Line Advances and Term Loan Advances with respect to which Sections 2.6 and 4.6 hereof shall govern) owing from time to time to the Agent or any Lender, at a per annum rate equal to the [then]Default Rate applicable [Base Rate plus three percent (3%)]to such
Indebtedness; and (f) the Agent may, and shall, upon being directed to do so by the Majority Lenders or the Lenders, as applicable (subject to the terms hereof), exercise any remedy permitted by this Agreement, the other Loan
Documents or law. 
 9.3 Rights Cumulative. No delay or failure of the Agent and/or Lenders in exercising any
right, power or privilege hereunder shall affect such right, power or privilege, nor shall any single or partial exercise thereof preclude any further exercise thereof, or the exercise of any other power, right or privilege. The rights of the Agent
and Lenders under this Agreement are cumulative and not exclusive of any right or remedies which Lenders would otherwise have. 

9.4 Waiver by the Borrower of Certain Laws. To the extent permitted by applicable law, the Borrower hereby agrees to
waive, and does hereby absolutely and irrevocably waive and relinquish the benefit and advantage of any valuation, stay, appraisement, extension or redemption laws now existing or which may hereafter exist, which, but for this provision, might be
applicable to any sale made under the judgment, order or decree of any court, on any claim for interest on the Notes, or any security interest or mortgage contemplated by or granted under or in connection with this Agreement. These waivers have been
voluntarily given, with full knowledge of the consequences thereof. 
 9.5 Waiver of Defaults. No Event of Default
shall be waived by the Lenders except in a writing signed by an officer of the Agent in accordance with Section 13.10 hereof.
Without limiting the foregoing, payment or acceptance of any Indebtedness at the Default Rate is not a permitted alternative to
timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of the Agent or any Lender. No single or partial exercise of any
right, power or privilege hereunder, nor any delay in the exercise thereof, shall preclude other or further exercise of their rights by the Agent or the Lenders. No waiver of any Event of Default shall extend to any other or further Event of
Default. No forbearance on the part of the Agent or the Lenders in enforcing any of their rights shall constitute a waiver of any of their rights. The Borrower expressly agrees that this Section may not be waived or modified by the Lenders or the
Agent by course of performance, estoppel or otherwise. 
 9.6 Set Off. Upon the occurrence and during the
continuance of any Event of Default, each Lender may at any time and from time to time, without notice to the Borrower but subject to the provisions of Section 10.3 hereof (any requirement for such notice being expressly waived by the
Borrower), setoff and apply against any and all of the obligations of the Borrower now or hereafter existing under this Agreement, whether owing to such Lender, any Affiliate of such Lender or any other Lender or the Agent, any and all deposits
(general or special, time or demand, provisional or final) at any time held and other indebtedness at any time owing by such Lender to or for the credit or the account of the Borrower and any property of the Borrower from time to time in possession
of such Lender, irrespective of whether or not such deposits held or 

  
 115 

 
indebtedness owing by such Lender may be contingent and unmatured and regardless of whether any Collateral then held by the Agent or any Lender is adequate to cover the Indebtedness. Promptly
following any such setoff, such Lender shall give written notice to the Agent and the Borrower of the occurrence thereof; provided that in the event that any Defaulting Lender shall exercise any such right of setoff, (x) all amounts so
set off shall be paid over immediately to the Agent for further application in accordance with the provisions of Section 10.4 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held for the
benefit of the Agent, the Issuing Lender and the Lenders, and (y) the Defaulting Lender shall provide promptly to the Agent a statement describing in reasonable detail the Indebtedness owing to such Defaulting Lender as to which it exercised
such right of setoff. The Borrower hereby grants to the Lenders and the Agent a lien on and security interest in all such deposits, indebtedness and property as collateral security for the payment and performance of all of the obligations of the
Borrower under this Agreement. The rights of each Lender under this Section 9.6 are in addition to the other rights and remedies (including, without limitation, other rights of setoff) which such Lender may have. 

 

	10.	 PAYMENTS, RECOVERIES AND COLLECTIONS. 

10.1 Payment
[Procedure]Generally
. 
  

	 	(a)	 All payments to be made by the Borrower shall be made without condition or deduction for any counterclaim,
defense, recoupment or setoff. Except as otherwise provided herein, all payments [made by the Borrower ]of principal, interest or fees hereunder shall be
made by the Borrower to the Agent, for the account of the respective Lenders to which such payment is owed, without setoff or counterclaim on the date
specified for payment under this Agreement and must be received by the Agent not later than 1:00 p.m. (Detroit time) (or such later time on such date as agreed to by Agent) on the date such payment is required or intended to be made in Dollars in
immediately available funds to the Agent at the Agent’s [office located at 411 West Lafayette, 7th Floor, MC 3289, Detroit, Michigan 48226-3289, for the
ratable benefit of the Revolving Credit Lenders in the case of payments in respect of the Revolving Credit and any Letter of Credit Obligations, for the ratable benefit of the Term Loan Lenders in the case of payments in respect of the Term
Loan]Office. Any payment received by the Agent after 1:00 p.m. (Detroit time) (or such later time on such date as agreed to by Agent)
shall be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue. [Upon receipt of each such payment, the Agent shall make prompt payment]The Agent will promptly distribute to each Lender its ratable share (or other
applicable [Lender, or, in respect of Eurodollar-based Advances, such Lender’s Eurodollar Lending
Office,]share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s applicable lending office (or
otherwise distribute such payment in like funds [and currencies, of all amounts]as
received [by it for]to the [account of such
Lender]Person or Persons entitled thereto as provided herein). 

  
 116 

	 	(b)	 Unless the Agent shall have been notified in writing by the Borrower at least two (2) Business Days
prior to the date on which any payment to be made by the Borrower is due that the Borrower does not intend to remit such payment, the Agent may, in its sole discretion and without obligation to do so, assume that the Borrower has remitted such
payment when so due and the Agent may, in reliance upon such assumption, make available to each Revolving Credit Lender or Term Loan Lender, as the case may be, on such payment date an amount equal to such Lender’s share of such assumed
payment. If the Borrower has not in fact remitted such payment to the Agent, each Lender shall forthwith on demand repay to the Agent the amount of such assumed payment made available or transferred to such Lender, together with the interest
thereon, in respect of each day from and including the date such amount was made available by the Agent to such Lender to the date such amount is repaid to the Agent at a rate per annum equal to the
greater of the Federal Funds [Effective
]Rate and a rate determined by the Agent in accordance with banking industry rules on interbank compensation for the first two
(2) Business Days that such amount remains unpaid, and thereafter at a rate of interest then applicable to such Revolving Credit Advances. 

  

	 	(c)	 Subject to the definition of “Interest Period” in Section 1 of this Agreement, whenever any
payment to be made hereunder shall otherwise be due on a day which is not a Business Day, such payment shall be made on the next succeeding Business Day and such extension of time shall be included in computing interest, if any, in connection with
such payment; provided that, if such next succeeding Business Day would fall after any applicable Maturity Date, payment shall be made on the immediately preceding
Business Day. 

  

	 	(d)	 The obligations of the Lenders hereunder to
make Advances, to fund participations in Letters of Credit and Swing Line Advances, as applicable, and to make payments pursuant to Section 13.5 or otherwise hereunder are several and not joint. The failure of any Lender to make any Advance or,
as applicable, to fund any such participation or to make any such payment on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of
any other Lender to so make its applicable Loan, to purchase its participations, as applicable, or to make any payment hereunder. 

10.2 Application of Proceeds of Collateral. Notwithstanding anything to the contrary in this Agreement, in the case of
any Event of Default under Section 9.1(i), immediately following the occurrence thereof, and in the case of any other Event of Default: (a) upon the termination of the Revolving Credit Aggregate Commitment, (b) the acceleration of any
Indebtedness arising under this Agreement, (c) at the Agent’s option, or (d) upon the request of the Majority Lenders after the commencement of any remedies hereunder, the Agent shall apply the proceeds of any 

  
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Collateral, together with any offsets, voluntary payments by any Credit Party or others and any other sums received or collected in respect of the Indebtedness first, to pay all incurred and
unpaid fees and expenses of the Agent under the Loan Documents and any protective advances made by the Agent with respect to the Collateral under or pursuant to the terms of any Loan Document, next, to pay any fees and expenses owed to the Issuing
Lender hereunder, next, to pay principal and interest due under the Revolving Credit (including the Swing Line and any Reimbursement Obligations) and the Term Loan, to cash collateralize all outstanding Letters of Credit in an amount equal to 105%
of the maximum amount that may be available to be drawn at any time prior to the stated expiry of all outstanding Letters of Credit, and to pay any obligations owing by any Credit Party under any Hedging Agreements or with respect to any Lender
Products on a pro rata basis, next, to pay any other Indebtedness on a pro rata basis, and then, if there is any excess, to the Credit Parties, as the case may be. 

10.3 Pro-rata Recovery. If any Lender shall obtain any payment or other recovery (whether voluntary, involuntary, by
application of setoff or otherwise) on account of principal of, or interest on, any of the Advances made by it, or the participations in Letter of Credit Obligations or Swing Line Advances held by it in excess of its pro rata share of payments then
or thereafter obtained by all Lenders upon principal of and interest on all such Indebtedness, such Lender shall purchase from the other Lenders such participations in the Revolving Credit, the Term Loan, and/or the Letter of Credit Obligation held
by them as shall be necessary to cause such purchasing Lender to share the excess payment or other recovery ratably in accordance with the applicable Percentages of the Lenders; provided, however, that if all or any portion of the excess payment or
other recovery is thereafter recovered from such purchasing holder, the purchase shall be rescinded and the purchase price restored to the extent of such recovery, but without interest. 

10.4 Treatment of a Defaulting Lender; Reallocation of Defaulting Lender’s Fronting Exposure. 

(a) The obligation of any Lender to make any Advance hereunder shall not be affected by the failure of any other Lender to make
any Advance under this Agreement, and no Lender shall have any liability to the Borrower or any of its Subsidiaries, the Agent, any other Lender, or any other Person for another Lender’s failure to make any loan or Advance hereunder. 

(b) If any Lender shall become a Defaulting Lender, then such Defaulting Lender’s right to vote in respect of any
amendment, consent or waiver of the terms of this Agreement or such other Loan Documents, or to direct or approve any action or inaction by the Agent shall be subject to the restrictions set forth in Section 13.10. 

(c) Any payment of principal, interest, fees or other amounts received by the Agent for the account of such Defaulting Lender
(whether voluntary or mandatory, at maturity, pursuant to Article 9 or otherwise) or received by the Agent from a Defaulting Lender pursuant to Section 9.6 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 Issuing Lender or Swing Line Lender
hereunder; third, to cash collateralize the Issuing Lenders’ Fronting Exposure with respect to such Defaulting Lender in accordance with clause (g) below; fourth, as the Borrower may request (so long as no Default or Event of
Default exists), to the funding of any 

  
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Advance in respect of which such 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 Borrower, to be held in a deposit account and released pro rata in order to (x) satisfy such Defaulting Lender’s potential future funding obligations with respect to Advances under this Agreement and (y) cash collateralize the
Issuing Lenders’ future Fronting Exposure with respect to such Defaulting Lender with respect to future Letters of Credit issued under this Agreement, in accordance with clause (g) below; sixth, to the payment of any amounts owing
to the Lenders, the Issuing Lenders or Swing Line Lenders as a result of any judgment of a court of competent jurisdiction obtained by any Lender, the Issuing Lenders or Swing Line Lenders against such Defaulting Lender as a result of such
Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default exists, to the payment of any amounts owing to the Borrower as a result of any judgment of a court of competent
jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of
competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Advances or Letter of Credit Obligations 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 conditions set forth in Section 4.2 were satisfied or waived, such payment shall be applied solely to pay the Advances of, and Letter of Credit
Obligations to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Advances of, or Letter of Credit Obligations owed to, such Defaulting Lender until such time as all Advances and funded and unfunded
participations in Letter of Credit Obligations and Swing Line Advances are held by the Lenders pro rata in accordance with their respective Revolving Credit Percentages without giving effect to Section clause (d) below. 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 clause (c) shall be deemed paid to and redirected by such
Defaulting Lender, and each Lender irrevocably consents hereto. 
 (d) No Defaulting Lender shall be entitled to receive any
Revolving Credit Facility Fee for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender). 

(e) Each Defaulting Lender shall be entitled to receive the Letter of Credit Fees described in Section 3.4(a) for any
period during which that Lender is a Defaulting Lender only to the extent allocable to its Revolving Credit Percentage of the stated amount of Letters of Credit for which it has provided cash collateral in accordance with clause (g) below).
With respect to any Revolving Credit Facility Fee or Letter of Credit Fee not required to be paid to any Defaulting Lender pursuant to clause (A) or (B) above, the Borrower shall (x) pay to each Non-Defaulting Lender that portion of
any such fee otherwise payable to such Defaulting Lender with respect to such Defaulting Lender’s participation in Letter of Credit Obligations or Swing Line Advances that has been reallocated to such Non-Defaulting Lender pursuant to clause f
below, (y) pay to each Issuing Lender and Swing Line Lender, as applicable, the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such Issuing Lender’s and Swing Line Lender’s Fronting
Exposure to such Defaulting Lender, and (z) not be required to pay the remaining amount of any such fee. 

  
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 (f) If any Lender shall become a Defaulting Lender, then, for so long as
such Lender remains a Defaulting Lender, any Fronting Exposure shall be reallocated by the Agent at the request of the Swing Line Lender and/or the Issuing Lender among the Non-Defaulting Lenders in accordance with their respective Percentages of
the Revolving Credit, but only to the extent that the sum of the aggregate principal amount of all Revolving Credit Advances made by each Non-Defaulting Lender, plus such Non-Defaulting Lender’s Percentage of the aggregate outstanding principal
amount of Swing Line Advances and Letter of Credit Obligations prior to giving effect to such reallocation plus such Non-Defaulting Lender’s Percentage of the Fronting Exposure to be reallocated does not exceed such Non- Defaulting
Lender’s Percentage of the Revolving Credit Aggregate Commitment, and only so long as no Default or Event of Default has occurred and is continuing on the date of such reallocation. 

(g) At any time that there shall exist a Defaulting Lender, within one (1) Business Day following the written request of
the Agent, the Swing Line Lender or the Issuing Lender (with a copy to the Agent), the Borrower shall cash collateralize the Swing Line Lender’s and Issuing Lender’s Fronting Exposure, as applicable, with respect to such Defaulting Lender
(determined after giving effect to any cash collateral provided by such Defaulting Lender) in an amount not less than an amount determined by the Agent, the Swing Line Lender and the Issuing Lender in their sole discretion, by depositing such
amounts into an account controlled by the Agent. 

10.5
Erroneous Payments.  

 

	 	(a)	 If the Agent determines (which
determination shall be conclusive and binding, absent manifest error) that the Agent or any of its Affiliates has erroneously, mistakenly or inadvertently transmitted any funds to any Lender (whether or not such transmittal was known by such Lender)
(any such funds, whether received as a payment, prepayment, or repayment of principal, interest, fees, distributions, or otherwise, individually and collectively, an “Erroneous Payment”) and the Agent subsequently demands the return of
such Erroneous Payment (or any portion thereof), then such Lender shall promptly, but in no event later than two (2) Business Days after such demand, return to the Agent the amount of any such Erroneous Payment (or portion thereof) as to which
such demand was made by the Agent, in same day funds (in the currency so received), together with interest thereon in respect of each day from and including the date such amount was received by such Lender to the date such amount is repaid to the
Agent in same day funds at the greater of the Federal Funds Rate and a rate determined by the Agent in accordance with banking industry rules on interbank compensation. 

 

	 	(b)	 To the extent permitted by applicable law,
each Lender agrees not to assert any right or claim to any Erroneous Payment (or any portion thereof) and hereby waives any claim, counterclaim, defense or right of set-off or recoupment with respect to any demand, claim or counterclaim by the Agent
for the return of any Erroneous Payment  

  
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(or any portion thereof) (including, without limitation, any defense based on “discharge for value” or
any similar doctrine). 

  

	 	(c)	 This Section 10.5 shall survive the
resignation or replacement of the Agent, any transfer of rights or obligations by, or the replacement of, a Lender, the termination of the Commitments and/or the repayment, satisfaction or discharge of all Indebtedness (or any portion thereof) under
any Loan Document. 

  

	 	(d)	 For purposes of this Section 10.5, the
term “Lender” includes each Issuing Lender. 

  

	11.	 YIELD PROTECTION; INCREASED COSTS; MARGIN ADJUSTMENTS;
TAXES; UNAVAILABILITY; SUCCESSOR RATE DETERMINATION. 

11.1 Reimbursement of Prepayment Costs[. If
(i) the Borrower makes any payment of principal with respect to any Eurodollar-based Advance or Quoted Rate Advance on any day other than the last day of the Interest Period applicable thereto (whether voluntarily, pursuant to any mandatory
provisions hereof, by acceleration, or otherwise); (ii) the Borrower converts or refunds (or attempts to convert or refund) any such Advance on any day other than the last day of the Interest Period applicable thereto (except as described in
Section 2.5(e)); (iii) the Borrower fails to borrow, refund or convert any Eurodollar-based Advance or Quoted Rate Advance after notice has been given by the Borrower to the Agent in accordance with the terms hereof requesting such
Advance; or (iv) or if the Borrower fails to make any payment of principal in respect of a Eurodollar-based Advance or Quoted Rate Advance when due, the Borrower shall reimburse the Agent for itself and/or on behalf of any Lender, as the case
may be, within ten (10) Business Days of written demand therefor for any resulting loss, cost or expense incurred (excluding the loss of any Applicable Margin) by the Agent and Lenders, as the case may be, as a result thereof, including,
without limitation, any such loss, reasonable and invoiced out-of-pocket cost or expense incurred in obtaining, liquidating, employing or redeploying deposits from third parties, whether or not the Agent and Lenders, as the case may be, shall have
funded or committed to fund such Advance. The amount payable hereunder by the Borrower to the Agent for itself and/or on behalf of any Lender, as the case may be, shall be deemed to equal an amount equal to the excess, if any, of (a) the amount
of interest which would have accrued on the amount so prepaid, or not so borrowed, refunded or converted, for the period from the date of such prepayment or of such failure to borrow, refund or convert, through the last day of the relevant Interest
Period, at the applicable rate of interest for said Advance(s) provided under this Agreement, over (b) the amount of interest (as reasonably determined by the Agent and Lenders, as the case may be) which would have accrued to the Agent and
Lenders, as the case may be, on such amount by placing such amount on deposit for a comparable period with leading banks in the interbank eurocurrency market. Calculation of any amounts payable to any Lender under this paragraph shall be made as
though such Lender shall have actually funded or committed to fund the relevant Advance through the purchase of an underlying deposit in an amount equal to the amount of such Advance and having a maturity comparable to the relevant Interest Period;
provided, however, that any Lender may fund any Eurodollar-based Advance or Quoted Rate Advance, as the case may be, in any manner it deems fit and  

  
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the foregoing assumptions shall be utilized only for the purpose of the calculation of amounts payable under this paragraph. Upon
the written request of the Borrower, the Agent and Lenders shall deliver to the Borrower a certificate setting forth the basis for determining such losses, costs and expenses, which certificate shall be conclusively presumed correct, absent manifest
error.]. In the event of (a) the payment of any principal of any Advance other than a Base Rate Advance
other than on the last day of the Interest Period applicable thereto (including as a result of an Event of Default), (b) the conversion of any Advance other than a Base Rate Advance other than on the last day of the Interest Period applicable
thereto (including as a result of an Event of Default), (c) the failure to borrow, convert, continue or prepay any Advance other than a Base Rate Advance on the date specified in any notice delivered pursuant hereto, or (d) the assignment
of any BSBY Rate Advance or Quoted Rate Advance other than on the last day of the Interest Period applicable thereto as a result of a request by the Borrower pursuant to Section 13.12) then, in any such event, the Borrower shall compensate each
Lender for any funding or other loss, cost or expense incurred as a result of such event, including any funding or other loss, cost or expense arising from the liquidation or redeployment of funds (but excluding the loss of any Applicable Margin). A
certificate of any Lender setting forth any amount or amounts that such Lender is entitled to receive pursuant to this Section and the basis for determining such losses, costs or expenses shall be delivered to the Borrower and shall be conclusive
absent manifest error. The Borrower shall pay such Lender the amount shown as due on any such certificate within 10 Business Days after receipt thereof.  

11.2
[Eurodollar Lending
Office.]Inability to Determine
Rates[. For any Eurodollar Advance, if the Agent or a Lender, as applicable, shall designate a Eurodollar
Lending Office which maintains books separate from those of the rest of the Agent or such Lender, the Agent or such Lender, as the case may be, shall have the option of maintaining and carrying the relevant Advance on the books of such Eurodollar
Lending Office.]. Subject to Section 11.3, below, if, on
or prior to the first day of any Interest Period or other applicable tenor for any Advance, the Agent shall determine (which determination shall be conclusive and binding absent manifest error) or, in the case of clause (b) below, the Majority
Lenders shall determine (which determinations shall be conclusive and binding absent manifest error) and notify Agent, that: 

 

	 	(a)	 the Benchmark (or any component thereof)
cannot be determined pursuant to the definition thereof, or 

  

	 	(b)	 the Benchmark for such Interest Period or
other applicable tenor (collectively, the “Affected Tenor”) does not adequately and fairly reflect the cost to such Lenders of funding or maintaining such Advance, or 

 

	 	(c)	 the making or funding of any Advance that
accrues interest at or by reference to the Benchmark has become impracticable or not administratively feasible, the Agent will promptly so notify the Borrower and each Lender. Upon notice thereof by the Agent to the Borrower, (i) any obligation
of the Lenders to make Advances that accrue interest at or by reference to such Benchmark, and any right of  

  
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the Borrower to continue Advances that accrue interest at or by reference to such Benchmark, or to convert Base
Rate Advances to Advances that accrue interest at or by reference to such Benchmark, shall be suspended (in each case, to the extent of the affected Advances or Affected Tenors) until the Agent (with respect to clause (b) of this
Section 11.2, at the instruction of the Majority Lenders) revokes such notice, (ii) the Borrower may revoke any pending request for a borrowing of, conversion to or continuation of any Advances that accrue interest at or by reference to
such Benchmark (to the extent of the affected Advances or Affected Tenors) or, failing that, the Borrower will be deemed to have converted any such request into a request for a borrowing of or conversion to Base Rate Advances in the amount specified
therein and (iii) any outstanding affected Advances will be deemed to have been converted into Base Rate Advances at the end of the applicable Interest Period or other applicable tenor. Upon any such conversion, the Borrower shall also pay
accrued interest on the amount so converted, together with any additional amounts required pursuant to Section 11.1. Subject to Section 11.3, if the Agent determines (which determination shall be conclusive and binding absent manifest
error) that the Benchmark cannot be determined pursuant to the definition thereof on any given day, the interest rate on Base Rate Advances shall be determined by the Agent without reference to clause (c) of the definition of “Base
Rate” until the Agent revokes such determination. 

 11.3 [Circumstances Affecting
LIBOR]BSBY Unavailability;
Successor Rate [Availability.]
Determination.  

 

	 	(a)	 [If the Agent or the Majority Lenders (after consultation with the Agent)
shall determine in good faith that, by reason of circumstances affecting the foreign exchange and interbank markets generally, deposits in eurodollars in the applicable amounts are not being offered to the Agent or such Lenders at the applicable
LIBOR Rate, then the Agent shall forthwith give notice thereof to the Borrower. Thereafter, until the Agent notifies the Borrower that such circumstances no longer exist, (i) the obligation of Lenders to make Advances which bear interest at or
by reference to the LIBOR Rate, and the right of the Borrower to convert an Advance to or refund an Advance as an Advance which bear interest at or by reference to the LIBOR Rate shall be suspended, (ii) effective upon the last day of each
Eurodollar-Interest Period related to any existing Eurodollar-based Advance, each such Eurodollar-based Advance shall automatically be converted into an Advance which bears interest at or by reference to the Base Rate (without regard to the
satisfaction of any conditions to conversion contained elsewhere herein), and (iii) effective immediately following such notice, each Advance which bears interest at or by reference to the Daily Adjusting LIBOR Rate shall automatically be
converted into an Advance which bears interest at or by reference to the Base Rate  

  
 123 

	 	 
(without regard to the satisfaction of any conditions to conversion contained elsewhere
herein).]Notwithstanding anything to the contrary in this Agreement or any other Loan Documents, but without limiting Section 11.2 above,
if: 

  

	 	(i)	 adequate and reasonable means do not exist
for ascertaining all Available Tenors of the BSBY Rate (including, without limitation, because the BSBY Screen Rate is not available or published on a current basis), and such circumstances are unlikely to be temporary, as determined by the Agent
(which determination shall be conclusive and binding absent manifest error), or Majority Lenders pursuant to, in the case of the Majority Lenders, delivery of notice to the Agent with a copy to the Borrower that Majority Lenders have so determined
(which determination likewise shall be conclusive and binding absent manifest error); or 

  

	 	(ii)	 the BSBY Administrator or a Governmental
Authority having jurisdiction over the Agent or the BSBY Administrator with respect to its publication of BSBY, in each case acting in such capacity, has made a public statement (A) identifying a specific date after which all Available Tenors
of the BSBY Rate shall or will no longer be representative or made available, or permitted to be used for determining the interest rate of Dollar denominated syndicated loans, or shall or will otherwise cease, provided that, at the time of such
statement, there is no successor administrator that is satisfactory to the Agent, that will continue to provide such interest periods of the BSBY Rate after the latest date on which all Available Tenors of the BSBY Rate (or any component thereof)
are no longer representative or available permanently or indefinitely, or (B) that the BSBY Rate (or any component thereof) fails to comply with the International Organization of Securities Commissions (IOSCO) Principles for Financial
Benchmarks; or 

  

	 	(iii)	 all Available Tenors of BSBY are not newly
published (e.g., are carried over) by the BSBY Administrator for five (5) consecutive Business Days and such failure is not the result of a temporary moratorium, embargo, or disruption declared by the BSBY Administrator or by the regulatory
supervisor for the BSBY Administrator;  

  

	 	(iv)	 then, on a date and time determined by the
Agent (any such date, a “Replacement Date”), which date shall be at the end of an Interest Period or on the relevant Interest Payment Date, as applicable, for interest calculated and, solely with respect to clause (ii) above, no later
than the latest date determined under  

  
 124 

	 	 
clause (ii), the BSBY Rate will be replaced hereunder and under any Loan Document with the first available
alternative set forth in the order below for any payment period for interest calculated that can be determined by the Agent, in each case, without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan
Document (such rate, and any subsequent successor rate so determined, the “Successor Rate”): 

(x) Term
SOFR plus the SOFR Adjustment; and 
 (y) Daily Simple SOFR plus the SOFR Adjustment. 

In the
event that the Successor Rate is Daily Simple SOFR plus the SOFR Adjustment, all interest payments will be payable on a monthly basis. 
  

	 	(b)	 [If at any time the Agent or the Majority Lenders (after consultation with
the Agent) shall determine (which determination shall be conclusive absent manifest error) that (i) the circumstances set forth in the first sentence of Section 11.3(a) have arisen and such circumstances are unlikely to be temporary or
(ii) the circumstances set forth in the first sentence of Section 11.3(a) have not arisen but the supervisor for the administrator of the LIBOR Rate or a Governmental Authority having jurisdiction over the Agent has made a public statement
identifying a specific date after which the LIBOR Rate shall no longer be used for determining interest rates for loans, then the Agent and Borrower shall endeavor to establish an alternate rate of interest to the LIBOR Rate that gives due
consideration to the then prevailing market convention for determining a rate of interest for syndicated loans in the United States at such time, and shall enter into an amendment to this Agreement to reflect such alternate rate of interest and such
other related changes to this Agreement as may be applicable (but for the avoidance of doubt, such related changes shall not include a reduction of the Applicable Margin unless agreed to by all Lenders in accordance with Section 13.10);
provided that, if such alternate rate of interest shall be less than zero, such rate shall be deemed to be zero for the purposes of this Agreement. Notwithstanding anything to the contrary in Section 13.10, such amendment shall become effective
without any further action or consent of any other party to this Agreement so long as the Agent shall not have received, within ten (10) Business Days of the date notice of such alternate rate of interest is provided to the Lenders, a written
notice from the Majority Lenders of each Class stating that such Majority Lenders object to such amendment. Until an alternate rate of interest shall be determined in accordance with this clause (b) (but, in the case of the circumstances
described in clause (ii) of the first sentence of this Section 11.3(b), only to the extent the LIBOR Rate for the applicable currency and such Interest Period is not available or 

  
 125 

	 	 
published at such time on a current basis), (x) any Request for Advance or Term Loan Rate Request that requests the conversion of any related Advance to, or
continuation of any related Advance as, a Eurodollar-based Advance shall be ineffective and (y) if any Request for Advance or Term Loan Rate Request requests a Eurodollar-based Advance or the use of the Eurodollar-based Rate, such Advance shall
be made or carried as a Base Rate Advance.]Notwithstanding anything to the contrary herein, (i) if the Agent determines that neither of the
alternatives set forth in clauses (x) and (y) of Section 11.3(a) above is available on or prior to the Replacement Date or (ii) if events or circumstances comparable to those described in Section 11.3(a)(i) or
Section 11.3(a)(ii) have occurred with respect to the Successor Rate then in effect, then in each case, the Agent and the Borrower may amend this Agreement solely for the purpose of replacing the BSBY Rate or any then current Successor Rate in
accordance with this Section 11.3 at the end of any Interest Period or other applicable tenor, relevant Interest Payment Date or payment period for interest calculated, as applicable, with another alternate benchmark rate giving due
consideration to any evolving or then existing convention for similar U.S. dollar denominated syndicated credit facilities for such alternative benchmark rate and, in each case, including any mathematical or other adjustments to such benchmark rate
giving due consideration to any evolving or then existing convention for similar U.S. dollar denominated syndicated credit facilities for such benchmark rate, which adjustment or method for calculating such adjustment shall be published on an
information service as selected by the Agent from time to time in its reasonable discretion and may be periodically updated. For the avoidance of doubt, any such proposed rate and adjustments shall constitute a “Successor Rate”. Any such
amendment shall become effective at 5:00 p.m. on the fifth Business Day after the Agent shall have posted such proposed amendment to all Lenders and the Borrower unless, prior to such time, Lenders comprising the Majority Lenders have delivered to
the Agent written notice that such Majority Lenders object to such amendment. 

 The Agent will promptly (in one or more notices) notify the Borrower and each Lender of the implementation of any Successor Rate. Any
Successor Rate shall be applied in a manner consistent with market practice; provided that to the extent such market practice is not administratively feasible for the Agent, such Successor Rate shall be applied in a manner as otherwise reasonably
determined by the Agent. In connection with the implementation of any Successor Rate, the Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any
amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement; provided that, with respect to any such amendment effected, the Agent shall post each such amendment
implementing such Conforming Changes to the Borrower and the Lenders reasonably promptly after such amendment becomes effective. 

  
 126 

Notwithstanding
 anything else herein, if at any time any Successor Rate as so determined would otherwise be less than the Applicable Floor, the Successor Rate will be deemed to be the Applicable Floor for the purposes of this Agreement and the other Loan
Documents. 
  

	 	(c)	 Notwithstanding anything to the contrary
herein or in any other Loan Document, at any time (including in connection with the implementation of this Section 11.3), (i) if the BSBY Rate or the then-current Successor Rate is a term rate (including Term SOFR) and either (A) any
tenor for such benchmark rate is not displayed on a screen or other information service that publishes such rate from time to time as selected by the Agent in its reasonable discretion, or (B) the administrator of such benchmark rate or the
regulatory supervisor for the administrator of such benchmark rate has provided a public statement or publication of information announcing that any tenor for such benchmark rate is not or will not be representative or in compliance with or aligned
with the International Organization of Securities Commissions (IOSCO) Principles for Financial Benchmarks, then the Agent may modify the definition of “Interest Period” (or any similar or analogous definition) for any benchmark rate
settings at or after such time to remove such unavailable, non-representative, non-compliant or non-aligned tenor and (ii) if a tenor that was removed pursuant to clause (i) above either (A) is subsequently displayed on a screen or
information service for a benchmark rate (including any Successor Rate), or (B) is not, or is no longer, subject to an announcement that it is not or will not be representative or in compliance with or aligned with the International
Organization of Securities Commissions (IOSCO) Principles for Financial Benchmarks for a Benchmark (including any Successor Rate), then the Agent may modify the definition of “Interest Period” (or any similar or analogous definition) for
all benchmark rate settings at or after such time to reinstate such previously removed tenor. 

11.4 [Laws Affecting LIBOR Rate
Availability.]Illegality. If[, after the date of this Agreement, the adoption or introduction of, or any change in, any applicable law, rule or regulation or in
the interpretation or administration thereof by any governmental authority charged with the interpretation or administration thereof, or compliance by any of the Lenders (or any of their respective Eurodollar Lending Offices) with any request or
directive (whether or not having the force of law) of any such authority, shall make it unlawful or impossible
] any Lender determines (which determination shall be
conclusive and binding absent manifest error) that any applicable law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, it would create safety and soundness risks, or it would not be consistent with sound
banking practices, for any [of the Lenders (or any of their respective Eurodollar Lending Offices) to honor its
obligations hereunder]Lender or its applicable lending
office to make[ or], maintain
[any Advance which
bears]or fund Advances whose interest [at or]is determined by reference to the [LIBOR Rate, such Lender shall forthwith
give]BSBY Rate, or to determine or charge interest rates
based 

  
 127 

 
upon
the BSBY Rate, then, upon notice thereof by such Lender
to the Borrower [and to](through the
Agent[.
Thereafter]), (a) [the obligations]any obligation of the [applicable ]Lenders to make
BSBY Rate Advances[ which bear interest at or by reference to the LIBOR
Rate],
and
[the]any
 right of the Borrower to continue BSBY Rate Advances or to
convert [an Advance into or refund an Advance as an Advance which bears interest at or by
reference]Base Rate Advances to [the LIBOR]BSBY
Rate Advances, shall be suspended[ and thereafter only the Base Rate shall be
available],[ and] (b) [if any of
the]the interest rate on Base Rate Advances shall, if necessary
to avoid such illegality, be determined by the Agent without reference to clause (c) of the definition of “Base Rate”, in each case until such Lender notifies the Agent and the Borrower that the circumstances giving rise to such
determination no longer exist and (c) the Borrower shall, if necessary to avoid such illegality, upon demand from any Lender (with a copy to the Agent), prepay or, if applicable, convert all BSBY Rate Advances to Base Rate Advances (subject to
clause (b) of this Section 11.4) on the last day of the Interest Period therefor, if all affected Lenders
may[ not] lawfully continue to maintain
[an Advance which bears interest at or by reference to the LIBOR Rate, the applicable Advance shall]such BSBY Rate Advances to such day, or immediately[ be converted to an Advance which bears interest at or by reference to the Base Rate], if any Lender may not lawfully continue to maintain such BSBY Rate Advances to such day. Upon any such prepayment or conversion, the
Borrower shall also pay accrued interest on the amount so converted, together with any additional amounts required pursuant to Section 11.1. 

11.5 Increased [Cost of Advances
Carried at the LIBOR
Rate.]Costs. If any Change in Law shall: 
  

	 	[(a)	 subject any of the Lenders (or any of their respective Eurodollar Lending Offices) to any
tax, duty or other charge with respect to any Advance (except for any withholding taxes which are covered by Section 10.1(d) hereof) or shall change the basis of taxation of payments to any of the Lenders (or any of their respective Eurodollar
Lending Offices) of the principal of or interest on any Advance or any other amounts due under this Agreement in respect thereof (except for changes in any Excluded Taxes); or] 

 

	 	(a)	 ][(b) ]impose, modify or deem applicable any reserve (including[, without limitation, any
imposed] pursuant to regulations issued from time to time by the [Board of Governors of the
]Federal Reserve [System]Board for determining the maximum reserve requirement (including any
emergency, special, supplemental or other marginal reserve requirement) with respect to eurocurrency funding (currently referred to as “Eurocurrency liabilities” in Regulation D)), special deposit,
[liquidity]compulsory loan, insurance charge or similar requirement against assets of, deposits with
or for the account of, or credit extended or participated in by, any [of the Lenders (or any of their respective
Eurodollar Lending Offices) or shall impose on any of the Lenders (or any of their respective Eurodollar Lending Offices) or the foreign exchange and interbank
markets]Lender; or 

  
 128 

	 	(b)	 subject any Recipient to any Taxes (other
than (A) Indemnified Taxes, (B) Taxes described in clauses (b) through (d) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments, or other
obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or  

  

	 	(c)	 impose on any Lender any
other condition, cost or expense (other than Taxes) affecting [any
Advance]this Agreement or Advances made by such Lender; and the result of any of the foregoing
[matters is]shall be to increase the [costs]cost to [any of the Lenders
of]such Lender or such other Recipient of making, converting to, continuing or maintaining any
[part]Advance or of [the Indebtedness hereunder as
an]maintaining its obligation to make any such Advance[ which bears interest at], or [by reference ]to
increase the [LIBOR
Rate]cost to such Lender, or to reduce the amount of any sum received or receivable by [any of the
Lenders under this Agreement in respect of an Advance which bears]such Lender or other Recipient hereunder (whether of principal,
interest [at ]or [by reference to the LIBOR Rate,]any other
amount) then, upon request of such Lender [shall promptly notify the Agent, and the Agent shall promptly
notify]or other Recipient, the Borrower [of such fact and demand compensation therefor and, within
ten (10) Business Days after such notice, the Borrower agrees to]will pay to such Lender or
[Lenders]other Recipient, as the case may be, such additional amount or amounts as will compensate
such Lender or [Lenders]other Recipient, as the case may be, for such
[increased cost]additional costs incurred or reduction[, provided
that each Lender agrees to take any reasonable action, to the extent such action could be taken without cost or unreasonable (as determined solely by such Lender) administrative or other burden or restriction to such Lender, to mitigate or eliminate
such cost or reduction, within a reasonable time after becoming aware of the foregoing matters. The Agent will promptly notify the Borrower of any event of which it has knowledge which will entitle Lenders to compensation pursuant to this Section,
or which will cause the Borrower to incur additional liability under Section 11.1 hereof, provided that the Agent shall incur no liability whatsoever to the Lenders or the Borrower in the event it fails to do so. A certificate of the Agent (or
such Lender, if applicable) setting forth the basis for determining such additional amount or amounts necessary to compensate such Lender or Lenders shall accompany such demand and shall be conclusively presumed to be correct absent manifest
error] suffered. 

11.6 Capital [Adequacy and Other
Increased Costs]Requirements. If any Lender determines that any Change in Law [affects or would affect the]affecting such Lender or any lending office of such Lender or such Lender’s holding company, if any, regarding capital or liquidity requirements[ of a Lender or the Agent (or any corporation controlling such Lender or the Agent) and such Lender or
the Agent, as the case may be, determines that the amount 

  
 129 

 
of required capital is increased by,
or based upon the existence of such Lender’s or the Agent’s obligations or Advances hereunder, the effect of such Change in Law is to result in such an increase, and such
increase], has or would have the effect of
reducing the rate of return on such Lender’s capital or on the
[Agent’s
(or]capital of such [controlling corporation’s) capital]Lender’s holding company, if any, as a consequence of this Agreement, the Commitments of such [obligations]Lender
 or the
Advances [hereunder]made by such Lender to a level below that which such Lender or [the Agent (or ]such [controlling
corporation)]Lender’s holding company could have achieved but for such [circumstances]Change in Law (taking into consideration [its]such
 Lender’s policies and the policies of such Lender’s
holding company with respect to capital adequacy
[or]and
 liquidity)[ by an amount deemed by such Lender or the Agent to be material, then the Agent or such Lender shall
notify the Borrower, and thereafter the Borrower shall pay to such Lender or the Agent, as the case may be, within ten (10) Business Days of written demand therefor from], then from time to time the Borrower will pay to such Lender [or the
Agent,]such additional amount or amounts
[sufficient
to]as will compensate such Lender or [the Agent (or ]such [controlling
corporation)]Lender’s holding company for any such reduction [which such Lender or the Agent determines to be allocable to the existence of such Lender’s or the
Agent’s obligations or Advances hereunder, including without limitation any obligations in respect of Letters of Credit. A statement setting forth the amount of such compensation, the methodology for the calculation and the calculation thereof
which shall also be prepared in good faith and in reasonable detail by such Lender or the Agent, as the case may be, shall be submitted by such Lender or by the Agent to the Borrower, reasonably promptly after becoming aware of any event described
in this Section 11.6(a) and shall be conclusively presumed to be correct, absent manifest
error.]suffered. 

11.7
 Certificates for Reimbursement. A certificate of a Lender setting forth the amount or amounts necessary to compensate such Lender or its holding company, as the case
may be, as specified in Section 11.5 or 11.6 of this Section, as well as the basis for determining such amounts, and delivered to the Borrower, shall be conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as
due on any such certificate within ten (10) days after receipt thereof. 

[11.7 ][Right of Lenders to Fund through Branches and Affiliates][. Each Lender (including without limitation the Swing Line Lender) may, if it so elects, fulfill its commitment as to any
Advance hereunder by designating a branch or Affiliate of such Lender to make such Advance; provided that (a) such Lender shall remain solely responsible for the performances of its obligations hereunder and (b) no such designation shall
result in any material increased costs to the Borrower or the Agent.] 

11.8 Margin Adjustment. Adjustments to the Applicable Margins and the Applicable Fee Percentages, based on Annex I,
shall be implemented on a quarterly basis as follows: 
  

	 	(a)	 Such adjustments shall be given prospective effect only, effective as to all Advances outstanding hereunder,
the Applicable Fee Percentage and the Letter of Credit Fee, upon the date of delivery of the financial statements under Sections 7.1(a) and 7.1(b) hereunder and the Covenant Compliance Report under Section 7.2(a) hereof, in each case
establishing applicability 

  
 130 

	 	 
of the appropriate adjustment and in each case with no retroactivity or claw-back. In the event the Borrower shall fail timely to deliver such financial statements or the Covenant Compliance
Report and such failure continues for three (3) days, then (but without affecting the Event of Default resulting therefrom) from the date delivery of such financial statements and report was required until such financial statements and report
are delivered, the Applicable Margins and Applicable Fee Percentages shall be at the highest level on the Pricing Matrix attached to this Agreement as Annex I. 

 

	 	(b)	 From the Effective Date until the required date of delivery (or, if earlier, delivery) of the financial
statements under Section 7.1(a) or 7.1(b) hereof, as applicable, and the Covenant Compliance Report under Section 7.2(a) hereof, for the fiscal quarter ending March 31, 2019, the Applicable Margins and Applicable Fee Percentages shall
be those set forth under the Level II column of the pricing matrix attached to this Agreement as Annex I. Thereafter, Applicable Margins and Applicable Fee Percentages shall be based upon the quarterly financial statements and Covenant Compliance
Reports, subject to recalculation as provided in Section 11.8(a) above. 

  

	 	(c)	 Notwithstanding the foregoing, however, if, prior to the payment and discharge in full (in cash) of the
Indebtedness and the termination of any and all commitments hereunder, as a result of any restatement of or adjustment to the financial statements of[ a] Borrower and any of its Subsidiaries
(relating to the current or any prior fiscal period) or for any other reason, the Agent determines that the Applicable Margin and/or the Applicable Fee Percentages as calculated by the Borrower as of any applicable date of determination were
inaccurate in any respect and a proper calculation thereof would have resulted in different pricing for any fiscal period, then (x) if the proper calculation thereof would have resulted in higher pricing for any such period, the Borrower shall
automatically and retroactively be obligated to pay to the Agent, promptly upon demand by the Agent or the Majority Lenders, (or, after the occurrence of an actual or
deemed entry of an order for relief with respect to Borrower under any Debtor Relief Laws, automatically and without further action by the Agent, any Lender or the Issuing Lender) an amount equal to the excess of the amount of
interest and fees that should have been paid for such period over the amount of interest and fees actually paid for such period and, if the current fiscal period is affected thereby, the Applicable Margin and/or the Applicable Fee Percentages for
the current period shall be adjusted based on such recalculation; and (y) if the proper calculation thereof would have resulted in lower pricing for such period, the Agent and Lenders shall have no obligation to recalculate such interest or
fees or to repay any interest or fees to the Borrower. 

 11.9 Delay in Requests. Failure or delay
on the part of any Lender or the Issuing Lender to demand compensation pursuant to [the foregoing provisions of this Section 11.9]Sections 11.5, 11.6 or 3.4
shall not constitute a waiver of such Lender’s or the Issuing Lender’s right to 

  
 131 

 
demand such compensation, provided that the Borrower shall not be required to compensate a Lender or the Issuing Lender pursuant to Sections 11.4, 11.5, 11.6 or 3.4(c), for any increased costs
incurred or reductions suffered more than 180 days prior to the date that such Lender or the Issuing Lender, as the case may be, notifies the Borrower of the Change in Law (provided that this provision will not apply to any Change in Law of the type
referred to in clauses (x), (y) or (z) of the definition thereof) giving rise to such increased costs or reductions and of such Lender’s or the Issuing Lender’s intention to claim compensation therefor (except that, if the Change
in Law giving rise to such increased costs or reductions is retroactive, then the 180 day period referred to above shall be extended to include the period of retroactive effect thereof). 

11.10
[Reserved][11.11][Delay in
Requests][. Failure or delay on the part of any Lender or the Issuing Lender to demand
compensation pursuant to the foregoing provisions of this Section 11.9 shall not constitute a waiver of such Lender’s or the Issuing Lender’s right to demand such compensation, provided that the Borrower shall not be required to
compensate a Lender or the Issuing Lender pursuant to Sections 11.4, 11.5, 11.6 or 3.4(c), for any increased costs incurred or reductions suffered more than 180 days prior to the date that such Lender or the L/C Issuer, as the case may be, notifies
the Borrower of the Change in Law (provided that this provision will not apply to any Change in Law of the type referred to in clauses (x), (y) or (z) of the definition thereof) giving rise to such increased costs or reductions and of such
Lender’s or the Issuing Lender’s intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the 180 day period referred to above shall be extended to
include the period of retroactive effect
thereof).]. 

11.11
 [11.12 ]Taxes. 

 

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

 

	 	(b)	 The Credit Parties shall timely pay to the relevant Governmental Authority in accordance with applicable
law, or at the option of the Agent, timely reimburse it for the payment of, any Other Taxes. 

  
 132 

	 	(c)	 As soon as practicable after any payment of Taxes by any Credit Party to a Governmental Authority pursuant
to this Section [11.10]11.11, such Credit Party shall deliver to the Agent the original or a
certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Agent. 

 

	 	(d)	 If any party determines, in its sole discretion exercised in good faith, that it has received a refund of
any Taxes as to which it has been indemnified pursuant to this Section [11.10]11.11, (including by
payment of additional amounts pursuant to this Section [11.10]11.11), it shall pay to the
indemnifying party an amount equal to such refund or indemnification (but only to the extent of additional amounts or indemnification paid under this Section
[11.10]11.11 with respect to the Taxes giving rise to such refund), net of all out-of-pocket
expenses (including Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). Such indemnifying party, upon the request of such indemnified party, shall
repay to such indemnified party the amount paid over pursuant to this paragraph (d) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that such indemnified party is required to repay
such refund to such Governmental Authority. Notwithstanding anything to the contrary in this paragraph (d), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this paragraph (d) the payment
of which would place the indemnified party in a less favorable net after-Tax position than the indemnified party would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted or withheld and the
additional amounts with respect to such Tax had never been paid. This paragraph shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to
the indemnifying party or any other Person. 

  

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

 

	 	(f)	 Each Lender shall severally indemnify the Agent, within ten (10) days after demand therefor, for
(i) any Indemnified Taxes attributable to such Lender 

  
 133 

	 	 
(but only to the extent the Borrower has not already indemnified the Agent for such Indemnified Taxes and without limiting the obligation of the Borrower to do so), (ii) any Taxes
attributable to such Lender’s failure to comply with the provisions of Section 13.8 hereof relating to the maintenance of a Participant Register and (iii) any Excluded Taxes attributable to such Lender, in each case, that are payable
or paid by the Agent in connection with any Loan Document, and any reasonable and invoiced out-of-pocket expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant
Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Agent shall be conclusive absent manifest effort. Each Lender hereby authorizes the Agent to set off and apply any and all amounts at
any time owing to such Lender under any Loan Document or otherwise payable by the Agent to the Lender from any other source against any amount due to the Agent under this paragraph (f). 

 

	 	(g)	 For purposes of this Section [11.10]11.11, the term “Lender” includes any Issuing Lender and the term “applicable law” includes FATCA. 

 

	 	(h)	 Each party’s obligations under this Section
[11.10]11.11 shall survive the resignation or replacement of the Agent or any assignment of rights
by, or the replacement of a Lender, the termination of Commitments and the repayment, satisfaction or discharge of all obligations under any Loan Document. 

[11.13 ][Effect of Benchmark Transition
Event][. ] 

 

	 	[(a)	 Notwithstanding anything to the contrary herein or in any other Loan Document (and any
Hedging Agreement shall be deemed not to be a “Loan Document” for purposes of this Section 11.13) if a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date have occurred
prior to the Reference Time in respect of any setting of the then-current Benchmark, then (x) if a Benchmark Replacement is determined in accordance with clause (1) or (2) of the definition of “Benchmark Replacement” for
such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark (and each reference thereto) for all purposes hereunder and under any Loan Document and in respect of such Benchmark setting and subsequent Benchmark settings
without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document and (y) if a Benchmark Replacement is determined in accordance with clause (3) of the definition of “Benchmark
Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark (and each reference thereto) for all purposes hereunder and under any Loan

  
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Document and in respect of any Benchmark setting at or after 5:00 p.m. (Detroit, Michigan time) on the fifth
(5th) Business Day after the date notice of such Benchmark Replacement is provided to the Lenders without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document so long as the Agent has
not received, by such time, written notice of objection to such Benchmark Replacement from Lenders comprising the Majority Lenders. ] 

  

	 	[(b)	 Notwithstanding anything to the contrary herein or in any other Loan Document and subject
to the proviso below in this clause (b), if a Term SOFR Transition Event and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of the then-current Benchmark, then the applicable Benchmark
Replacement will replace such Benchmark (and each reference thereto) for all purposes hereunder or under any Loan Document and in respect of such Benchmark setting and subsequent Benchmark settings, without any amendment to, or further action or
consent of any other party to, this Agreement or any other Loan Document; provided that this clause (b) shall not be effective unless the Agent has delivered to the Lenders and the Borrower a Term SOFR Notice. ]

  

	 	[(c)	 In connection with the implementation of a Benchmark Replacement, the Agent will have the
right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Benchmark Replacement Conforming Changes will become
effective without any further action or consent of any other party to this Agreement or any other Loan Document. ] 

  

	 	[(d)	 The Agent will promptly notify the Borrower and the Lenders of (i) any occurrence of a
Benchmark Transition Event, a Term SOFR Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date, (ii) the implementation of any Benchmark Replacement, (iii) the effectiveness of any Benchmark
Replacement Conforming Changes, (iv) the removal or reinstatement of any tenor of a Benchmark pursuant to clause (e) below and (v) the commencement or conclusion of any Benchmark Unavailability Period. Any determination, decision or
election that may be made by the Agent or, if applicable, any Lender (or group of Lenders) pursuant to this Section 11.13, including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an
event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error and may be made in its or their sole discretion and without consent from any other party to
this Agreement or any other 

  
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Loan Document, except, in each case, as expressly required pursuant to this Section 11.13.
] 

  

	 	[(e)	 Notwithstanding anything to the contrary herein or in any other Loan Document, at any time
(including in connection with the implementation of a Benchmark Replacement), (i) if the then-current Benchmark is a term rate (including Term SOFR or the LIBOR Rate) and either (A) any tenor for such Benchmark is not displayed on a screen
or other information service that publishes such rate from time to time as selected by the Agent in its reasonable discretion or (B) the regulatory supervisor for the administrator of such Benchmark has provided a public statement or
publication of information announcing that any tenor for such Benchmark is or will be no longer representative, then the Agent may modify the definition of “Interest Period” for any Benchmark settings at or after such time to remove such
unavailable or non-representative tenor and (ii) if a tenor that was removed pursuant to clause (i) above either (A) is subsequently displayed on a screen or information service for a Benchmark (including a Benchmark Replacement) or
(B) is not, or is no longer, subject to an announcement that it is or will no longer be representative for a Benchmark (including a Benchmark Replacement), then the Agent may modify the definition of “Interest Period” for all
Benchmark settings at or after such time to reinstate such previously removed tenor. ] 

  

	 	[(f)	 [RESERVED]. ] 

 

	 	[(g)	 Upon the Borrower’s receipt of notice of the commencement of a Benchmark
Unavailability Period, any Borrower may revoke any request for a conversion to or continuation of any Eurodollar-based Advance to be made, converted or continued during any Benchmark Unavailability Period and, failing that, the Borrower will be
deemed to have converted any such request into a request for, or conversion to, a Base Rate Advance. During any Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of
the Base Rate based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of the Base Rate. ] 

 

	 	[(h)	 As used in this Section 11.13: ] 

[“Available Tenor” means, as of any date
of determination and with respect to the then-current Benchmark, as applicable, any tenor for such Benchmark or payment period for interest calculated with reference to such Benchmark, as applicable, that is or may be used for determining the length
of an Interest Period pursuant to this Agreement as of such date and not including, for the avoidance of doubt, any tenor for such Benchmark that is 

  
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then-removed from the definition of
“Interest Period” pursuant to clause (e) of this Section 11.13.] 
 [“Benchmark” means, initially, the LIBOR Rate; provided that if a Benchmark Transition Event, a Term SOFR Transition Event or an Early Opt-in Election, as applicable, and its
related Benchmark Replacement Date have occurred with respect to the LIBOR Rate or the then-current Benchmark, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such
prior benchmark rate pursuant to clause (a) or (b) of this Section 11.13.] 

[“Benchmark Replacement” means, for any
Available Tenor, the first alternative set forth in the order below that can be determined by the Agent for the applicable Benchmark Replacement Date:] 

[(1) the sum of: (a) Term SOFR and
(b) the related Benchmark Replacement Adjustment;] 

[(2) the sum of: (a) Daily Simple
SOFR and (b) the related Benchmark Replacement Adjustment;] 

[(3) the sum of: (a) the alternate
benchmark rate that has been selected by the Agent and the Borrower as the replacement for the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a replacement
benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a benchmark rate as a replacement for the then-current Benchmark for U.S.
dollar-denominated syndicated credit facilities at such time and (b) the related Benchmark Replacement Adjustment;] 

[provided that, in the case of clause (1),
such Unadjusted Benchmark Replacement is displayed on a screen or other information service that publishes such rate from time to time as selected by the Agent in its reasonable discretion; provided further that, notwithstanding anything to the
contrary in this Agreement or in any other Loan Document, upon the occurrence of a Term SOFR Transition Event, and the delivery of a Term SOFR Notice, on the applicable Benchmark Replacement Date, the “Benchmark Replacement” shall revert
to and shall be deemed to be the sum of (x) Term SOFR and (y) the related Benchmark Replacement Adjustment, as set forth in clause (1) of this definition (subject to the immediately preceding proviso). Notwithstanding the foregoing,
if the Benchmark Replacement as determined pursuant to clause (1), (2) or (3) above would be less than the Applicable Floor, the Benchmark Replacement will be deemed to be the Applicable Floor for the purposes of this Agreement and the
other Loan Documents.] 
 [“Benchmark Replacement Adjustment” means, with respect to any replacement of the then- current Benchmark with an Unadjusted Benchmark Replacement for any applicable Interest
Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement:] 

  
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[(1) for purposes of clauses (1) and
(2) of the definition of “Benchmark Replacement,” the first alternative set forth in the order below that can be determined by the Agent:] 

[(a) the spread adjustment, or method for
calculating or determining such spread adjustment, (which may not be less than zero) as of the Reference Time such Benchmark Replacement is first set for such Interest Period that has been selected or recommended by the Relevant Governmental Body
for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for the applicable Corresponding Tenor; provided, that if such Benchmark Replacement is set on a daily/overnight basis, then such spread adjustment or method
for calculating or determining such spread adjustment shall be based upon a period that is approximately the same length (disregarding any business day adjustments) as the payment period for interest calculated with reference to such Benchmark
Replacement, but in no event in excess of three months;] 

[(b) the spread adjustment (which may not
be less than zero) as of the Reference Time such Benchmark Replacement is first set for such Interest Period that would apply to the fallback rate for a derivative transaction referencing the ISDA Definitions to be effective upon an index cessation
event with respect to such Benchmark for the applicable Corresponding Tenor; provided, that if such Benchmark Replacement is set on a daily/overnight basis, then such spread adjustment or method for calculating or determining such spread adjustment
shall be based upon a period that is approximately the same length (disregarding any business day adjustments) as the payment period for interest calculated with reference to such Benchmark Replacement, but in no event in excess of three months; and
] 
 [(2) for purposes of clause (3) of the definition of “Benchmark Replacement,” the spread adjustment, or method for calculating or determining such spread adjustment, (which
may not be less than zero) that has been selected by the Agent and the Borrower for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a spread adjustment, or method for calculating or
determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body on the applicable Benchmark Replacement Date or (ii) any evolving or
then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for U.S. dollar-
denominated syndicated credit facilities;] 

[provided that, in the case of clause
(1) above, such adjustment is displayed on a screen or other information service that publishes such Benchmark Replacement Adjustment from time to time as selected by the Agent in its reasonable discretion.] 

  
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[“Benchmark Replacement Conforming
Changes” means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including, but not limited to, changes to the definition of “Applicable Reference Date”, the definition of “Base
Rate”, the definition of “Business Day,” the definition of “Eurodollar-based Advance”, the definition of “Eurodollar-based Rate”, the definition of “Eurodollar-based Interest Period,” the definition of
“Interest Period,” timing and frequency of determining rates and making payments of interest, timing of borrowing requests or prepayment, conversion or continuation notices, length of lookback periods, the applicability of breakage
provisions, and other technical, administrative or operational matters) that the Agent decides may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the administration thereof by the Agent in a
manner substantially consistent with market practice (or, if the Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Agent determines that no market practice for the administration of such
Benchmark Replacement exists, in such other manner of administration as the Agent decides is reasonably necessary in connection with the administration of this Agreement and the other Loan Documents).] 

[“Benchmark Replacement Date” means the
earliest to occur of the following events with respect to the then-current Benchmark:] 

[(1) in the case of clause (1) or
(2) of the definition of “Benchmark Transition Event,” the later of (a) the date of the public statement or publication of information referenced therein and (b) the date on which the administrator of such Benchmark (or the
published component used in the calculation thereof) permanently or indefinitely ceases to provide all Available Tenors of such Benchmark (or such component thereof);] 

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

[(3) in the case of a Term SOFR Transition
Event, the date that is thirty (30) days after the date a Term SOFR Notice is provided to the Lenders and the Borrower; or] 

[(4) in the case of an Early Opt-in
Election, the sixth (6th) Business Day after the date notice of such Early Opt-in Election is provided to the Lenders, so long as the Agent has not received, by 5:00 p.m. (Detroit, Michigan time) on the fifth (5th) Business Day after the
date notice of such Early Opt-in Election is provided to the Lenders, written notice of objection to such Early Opt-in Election from Lenders comprising the Majority Lenders.] 

[For the avoidance of doubt, (i) if the event
giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect of any determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such
determination and (ii) the “Benchmark Replacement Date” will be deemed to have occurred in the case of clause (1) or (2) with respect to any Benchmark  

  
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upon the occurrence of the applicable event or events set forth therein with respect to all then-current Available Tenors of such
Benchmark (or the published component used in the calculation thereof).] 
 [“Benchmark Transition Event” means the occurrence of one or more of the following events with respect to the then-current Benchmark:] 

[(1) a public statement or publication of
information by or on behalf of the administrator of such Benchmark (or the published component used in the calculation thereof) announcing that such administrator has ceased or will cease to provide all Available Tenors of such Benchmark (or such
component thereof), permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component
thereof);] 
 [(2) a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published component used in the calculation thereof),
the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, an insolvency official with jurisdiction over the administrator for such Benchmark (or such component), a resolution authority with jurisdiction over the
administrator for such Benchmark (or such component) or a court or an entity with similar insolvency or resolution authority over the administrator for such Benchmark (or such component), which states that the administrator of such Benchmark (or
such component) has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof) permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that
will continue to provide any Available Tenor of such Benchmark (or such component thereof); or] 

[(3) a public statement or publication of
information by the regulatory supervisor for the administrator of such Benchmark (or the published component used in the calculation thereof) announcing that all Available Tenors of such Benchmark (or such component thereof) are no longer
representative.] 
 [For the avoidance of doubt, a “Benchmark Transition Event” will be deemed to have occurred with respect to any Benchmark if a public statement or publication of information set
forth above has occurred with respect to each then-current Available Tenor of such Benchmark (or the published component used in the calculation thereof).] 

[“Benchmark Unavailability Period” means
the period (if any) (x) beginning at the time that a Benchmark Replacement Date pursuant to clauses (1) or (2) of that definition has occurred if, at such time, no Benchmark Replacement has replaced the then-current Benchmark for all
purposes hereunder and under any Loan Document in accordance with this Section 11.13 and (y) ending at the time that a Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in
accordance with this Section 11.13.] 

  
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[“Corresponding Tenor” means, with
respect to any Available Tenor, as applicable, either a tenor (including overnight) or an interest payment period having approximately the same length (disregarding business day adjustment) as such Available Tenor.] 

[“Daily Simple SOFR” means, for any day,
SOFR, with the conventions for this rate (which will include a lookback) being established by the Agent in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for determining “Daily Simple
SOFR” for syndicated business loans; provided, that if the Agent decides that any such convention is not administratively feasible for the Agent, then the Agent may establish another convention in its reasonable
discretion.] 
 [“Early Opt-in
Election” means, if the then-current Benchmark is the LIBOR Rate, the occurrence of:] 

[(1) a notification by the Agent to (or
the request by the Borrower to the Agent to notify) each of the other parties hereto that at least five currently outstanding U.S. dollar-denominated syndicated credit facilities at such time contain (as a result of amendment or as originally
executed) a SOFR-based rate including SOFR, a term SOFR or any other rate based upon SOFR) as a benchmark rate (and such syndicated credit facilities are identified in such notice and are publicly available for review, and] 

[(2) the joint election by the Agent and
the Borrower to trigger a fallback from the LIBOR Rate and the provision by the Agent of written notice of such election to the Lenders.] 

[“ISDA Definitions” means the 2006 ISDA
Definitions published by the International Swaps and Derivatives Association, Inc. or any successor thereto, as amended or supplemented from time to time, or any successor definitional booklet for interest rate derivatives published from time to
time by the International Swaps and Derivatives Association, Inc. or such successor thereto.] 

[“Reference Time” with respect to any
setting of the then-current Benchmark means (1) if such Benchmark is the LIBOR Rate, at or about 11:00 a.m. (London, England time) (or soon thereafter as practical) on the Applicable Reference Date, and (2) if such Benchmark is not the
LIBOR Rate, the time determined by the Agent in its reasonable discretion.] 
 [“Relevant Governmental Body” means the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by
the Board of Governors of the Federal Reserve System or the Federal Reserve Bank of New York, or, in each case, any successor thereto.] 

[“SOFR” means, with respect to any
Business Day, a rate per annum equal to the secured overnight financing rate for such Business Day published by the SOFR Administrator on the SOFR Administrator’s Website at approximately 8:00 a.m. (New York City time) on the immediately
succeeding Business Day.] 

  
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[“SOFR Administrator” means the Federal
Reserve Bank of New York (or a successor administrator of the secured overnight financing rate).] 

[“SOFR Administrator’s Website”
means the website of the Federal Reserve Bank of New York, currently at http://www.newyorkfed.org, or any successor source for the secured overnight financing rate identified as such by the SOFR Administrator from time to
time.] 
 [“Term
SOFR” means, for the applicable Corresponding Tenor as of the applicable Reference Time, the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body.] 

[“Term SOFR Notice” means a notification
by the Agent to the Lenders and the Borrower of the occurrence of a Term SOFR Transition Event. ] 

[“Term SOFR Transition Event” means the
determination by the Agent that (a) either (i) Term SOFR has been selected or recommended for use by the Relevant Governmental Body or (ii) at least five currently outstanding U.S. dollar-denominated syndicated credit facilities
utilize a term SOFR-based rate as an available benchmark rate, (b) the administration of Term SOFR is feasible for the Agent, and (c) a Benchmark Transition Event or an Early Opt-in Election, as applicable, has previously occurred
resulting in a Benchmark Replacement in accordance with Section 11.11 that is not Term SOFR.] 

[“Unadjusted Benchmark Replacement”
means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment. ] 

[[per Third
Amendment]] 
  

	12.	 AGENT. 

12.1 Appointment of the Agent. Each Lender and the holder of each Note (if issued) irrevocably appoints and authorizes
the Agent to act on behalf of such Lender or holder under this Agreement and the other Loan Documents and to exercise such powers hereunder and thereunder as are specifically delegated to the Agent by the terms hereof and thereof, together with such
powers as may be reasonably incidental thereto, including without limitation the power to execute or authorize the execution of financing or similar statements or notices, and other documents. In performing its functions and duties under this
Agreement, the Agent shall act solely as agent of the Lenders and does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for any Credit Party. 

12.2 Deposit Account with the Agent or any Lender. The Borrower authorizes the Agent and each Lender, in the
Agent’s or such Lender’s sole discretion, upon notice to the Borrower to charge its general deposit account(s), if any, maintained with the Agent or such Lender for the amount of any principal, interest, or other amounts or costs due under
this Agreement when the same become due and payable under the terms of this Agreement or the Notes. 
 12.3 Scope of the
Agent’s Duties. The Agent shall have no duties or responsibilities except those expressly set forth herein, and shall not, by reason of this Agreement or otherwise, 

  
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have a fiduciary relationship with any Lender (and no implied covenants or other obligations shall be read into this Agreement against the Agent). None of the Agent, its Affiliates nor any of
their respective directors, officers, employees or agents shall be liable to any Lender for any action taken or omitted to be taken by it or them under this Agreement or any document executed pursuant hereto, or in connection herewith or therewith
with the consent or at the request of the Majority Lenders (or all of the Lenders for those acts requiring consent of all of the Lenders) (except for its or their own willful misconduct or gross negligence), nor be responsible for or have any duties
to ascertain, inquire into or verify (a) any recitals or warranties made by the Credit Parties or any Affiliate of the Credit Parties, or any officer thereof contained herein or therein, (b) the effectiveness, enforceability, validity or
due execution of this Agreement or any document executed pursuant hereto or any security thereunder, (c) the performance by the Credit Parties of their respective obligations hereunder or thereunder, or (d) the satisfaction of any
condition hereunder or thereunder, including without limitation in connection with the making of any Advance or the issuance of any Letter of Credit. The Agent and its Affiliates shall be entitled to rely upon any certificate, notice, document or
other communication (including any cable, telegraph, telex, facsimile transmission or oral communication) believed by it to be genuine and correct and to have been sent or given by or on behalf of a proper person. The Agent may treat the payee of
any Note as the holder thereof. The Agent may employ agents and may consult with legal counsel, independent public accountants and other experts selected by it and shall not be liable to the Lenders (except as to money or property received by them
or their authorized agents), for the negligence or misconduct of any such agent selected by it with reasonable care or for any action taken or omitted to be taken by it in good faith in accordance with the advice of such counsel, accountants or
experts. 
 12.4 Successor Agent. The Agent may resign as such at any time upon at least thirty (30) days prior
notice to the Borrower and each of the Lenders. If the Agent at any time shall resign or if the office of the Agent shall become vacant for any other reason, Majority Lenders shall, by written instrument, appoint successor agent(s) (“Successor
Agent”) satisfactory to such Majority Lenders and, so long as no Default or Event of Default has occurred and is continuing, to the Borrower (which approval shall not be unreasonably withheld or delayed); provided, however that any such
successor Agent shall be a bank or a trust company or other financial institution which maintains an office in the United States, or a commercial bank organized under the laws of the United States or any state thereof, or any Affiliate of such bank
or trust company or other financial institution which is engaged in the banking business, and shall have a combined capital and surplus of at least $500,000,000. Such Successor Agent shall thereupon become the Agent hereunder, as applicable, and the
Agent shall deliver or cause to be delivered to any successor agent such documents of transfer and assignment as such Successor Agent may reasonably request. If a Successor Agent is not so appointed or does not accept such appointment before the
resigning Agent’s resignation becomes effective, the resigning Agent may appoint a temporary successor to act until such appointment by the Majority Lenders and, if applicable, the Borrower, is made and accepted, or if no such temporary
successor is appointed as provided above by the resigning the Agent, the Majority Lenders shall thereafter perform all of the duties of the resigning the Agent hereunder until such appointment by the Majority Lenders and, if applicable, the
Borrower, is made and accepted. Such Successor Agent shall succeed to all of the rights and obligations of the resigning Agent as if originally named. The resigning Agent shall duly assign, transfer and deliver to such Successor Agent all moneys at
the time held by the resigning Agent hereunder after deducting therefrom its expenses for which it is entitled to be reimbursed hereunder. Upon such 

  
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succession of any such Successor Agent, the resigning Agent shall be discharged from its duties and obligations, in its capacity as the Agent hereunder, except for its gross negligence or willful
misconduct arising prior to its resignation hereunder, and the provisions of this Article 12 shall continue in effect for the benefit of the resigning Agent in respect of any actions taken or omitted to be taken by it while it was acting as the
Agent. 
 12.5 Credit Decisions. Each Lender acknowledges that it has, independently of the Agent and each other
Lender and based on the financial statements of the Borrower and such other documents, information and investigations as it has deemed appropriate, made its own credit decision to extend credit hereunder from time to time. Each Lender also
acknowledges that it will, independently of the Agent and each other Lender and based on such other documents, information and investigations as it shall deem appropriate at any time, continue to make its own credit decisions as to exercising or not
exercising from time to time any rights and privileges available to it under this Agreement, any Loan Document or any other document executed pursuant hereto. 

12.6 Authority of the Agent to Enforce This Agreement. Each Lender, subject to the terms and conditions of this
Agreement, grants the Agent full power and authority as attorney-in-fact to institute and maintain actions, suits or proceedings for the collection and enforcement of any Indebtedness outstanding under this Agreement or any other Loan Document and
to file such proofs of debt or other documents as may be necessary to have the claims of the Lenders allowed in any proceeding relative to any Credit Party, or their respective creditors or affecting their respective properties, and to take such
other actions which the Agent considers to be necessary or desirable for the protection, collection and enforcement of the Notes, this Agreement or the other Loan Documents. 

12.7 Indemnification of the Agent. The Lenders agree to indemnify the Agent and its Affiliates (to the extent not
reimbursed by the Borrower, but without limiting any obligation of the Borrower to make such reimbursement), ratably according to their respective Weighted Percentages, from and against any and all claims, damages, losses, liabilities, costs or
expenses of any kind or nature whatsoever (including, without limitation, reasonable fees and expenses of house and outside counsel) which may be imposed on, incurred by, or asserted against the Agent and its Affiliates in any way relating to or
arising out of this Agreement, any of the other Loan Documents or the transactions contemplated hereby or any action taken or omitted by the Agent and its Affiliates under this Agreement or any of the Loan Documents; provided, however, that no
Lender shall be liable for any portion of such claims, damages, losses, liabilities, costs or expenses resulting from the Agent’s or its Affiliate’s gross negligence or willful misconduct. Without limitation of the foregoing, each Lender
agrees to reimburse the Agent and its Affiliates promptly upon demand for its ratable share of any reasonable out-of-pocket expenses (including, without limitation, reasonable fees and expenses of house and outside counsel) incurred by the Agent and
its Affiliates 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 or any of the other Loan Documents, to the extent that the Agent and its Affiliates are not reimbursed for such expenses by the Borrower, but without limiting the obligation of the Borrower to make such
reimbursement. Each Lender agrees to reimburse the Agent and its Affiliates promptly upon demand for its ratable share of any amounts owing to the Agent and its Affiliates by the Lenders pursuant to this Section, provided that, if the Agent or its
Affiliates are subsequently reimbursed by the Borrower for such 

  
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amounts, they shall refund to the Lenders on a pro rata basis the amount of any excess reimbursement. If the indemnity furnished to the Agent and its Affiliates under this Section shall become
impaired as determined in the Agent’s reasonable judgment or the Agent shall elect in its sole discretion to have such indemnity confirmed by the Lenders (as to specific matters or otherwise), the Agent shall give notice thereof to each Lender
and, until such additional indemnity is provided or such existing indemnity is confirmed, the Agent may cease, or not commence, to take any action. Any amounts paid by the Lenders hereunder to the Agent or its Affiliates shall be deemed to
constitute part of the Indebtedness hereunder. 
 12.8 Knowledge of Default. It is expressly understood and agreed
that the Agent shall be entitled to assume that no Default or Event of Default has occurred and is continuing, unless the officers of the Agent immediately responsible for matters concerning this Agreement shall have received a written notice from a
Lender or the Borrower specifying such Default or Event of Default and stating that such notice is a “notice of default”. Upon receiving such a notice, the Agent shall promptly notify each Lender of such Default or Event of Default and
provide each Lender with a copy of such notice and shall endeavor to provide such notice to the Lenders within three (3) Business Days (but without any liability whatsoever in the event of its failure to do so). The Agent shall also furnish the
Lenders, promptly upon receipt, with copies of all other notices or other information required to be provided by the Borrower hereunder. 

12.9 The Agent’s Authorization; Action by Lenders. Except as otherwise expressly provided herein, whenever the
Agent is authorized and empowered hereunder on behalf of the Lenders to give any approval or consent, or to make any request, or to take any other action on behalf of the Lenders (including without limitation the exercise of any right or remedy
hereunder or under the other Loan Documents), the Agent shall be required to give such approval or consent, or to make such request or to take such other action only when so requested in writing by the Majority Lenders or the Lenders, as applicable
hereunder. Action that may be taken by the Majority Lenders, any other specified Percentage of the Lenders or all of the Lenders, as the case may be (as provided for hereunder) may be taken (i) pursuant to a vote of the requisite percentages of
the Lenders as required hereunder at a meeting (which may be held by telephone conference call), provided that the Agent exercises good faith, diligent efforts to give all of the Lenders reasonable advance notice of the meeting, or
(ii) pursuant to the written consent of the requisite percentages of the Lenders as required hereunder, provided that all of the Lenders are given reasonable advance notice of the requests for such consent. 

12.10 Enforcement Actions by the Agent. Except as otherwise expressly provided under this Agreement or in any of the
other Loan Documents and subject to the terms hereof, the Agent will take such action, assert such rights and pursue such remedies under this Agreement and the other Loan Documents as the Majority Lenders or all of the Lenders, as the case may be
(as provided for hereunder), shall direct; provided, however, that the Agent shall not be required to act or omit to act if, in the reasonable judgment of the Agent, such action or omission may expose the Agent to personal liability for which the
Agent has not been satisfactorily indemnified hereunder or is contrary to this Agreement, any of the Loan Documents or applicable law. Except as expressly provided above or elsewhere in this Agreement or the other Loan Documents, no Lender (other
than the Agent, acting in its capacity as agent) shall be entitled to take any enforcement action of any kind under this Agreement or any of the other Loan Documents. 

  
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 12.11 Collateral Matters. 

(a) The Agent is authorized on behalf of all the Lenders, without the necessity of any notice to or further consent from the
Lenders, from time to time to take any action with respect to any Collateral or the Collateral Documents which may be necessary to perfect and maintain a perfected security interest in and Liens upon the Collateral granted pursuant to the Loan
Documents. 
 (b) The Lenders irrevocably authorize the Agent, in its reasonable discretion, to the full extent set forth in
Section 13.10(d) hereof, (1) to release or terminate any Lien granted to or held by the Agent upon any Collateral (a) upon [termination of ]the [Revolving Credit Aggregate Commitment and payment]Payment in
[full]Full
 of all Indebtedness[ payable under this Agreement and under any other Loan Document]; (b) constituting property (including, without limitation, Equity Interests in any Person) sold or to be sold or disposed of as part of or in connection with any disposition (whether by sale, by merger or
by any other form of transaction and including the property of any Subsidiary that is disposed of as permitted hereby) permitted in accordance with the terms of this Agreement; (c) constituting property in which a Credit Party owned no interest
at the time the Lien was granted or at any time thereafter; or (d) if approved, authorized or ratified in writing by the Majority Lenders, or all the Lenders, as the case may be, as provided in Section 13.10; (2) to subordinate the
Lien granted to or held by the Agent on any Collateral to any other holder of a Lien on such Collateral which is permitted by Section 8.2(b) hereof; and (3) if all of the Equity Interests held by the Credit Parties in any Person are sold
or otherwise transferred to any transferee other than the Borrower or a Subsidiary of the Borrower as part of or in connection with any disposition (whether by sale, by merger or by any other form of transaction) permitted in accordance with the
terms of this Agreement, to release such Person from all of its obligations under the Loan Documents (including, without limitation, under any Guaranty). Upon request by the Agent at any time, the Lenders will confirm in writing the Agent’s
authority to release particular types or items of Collateral pursuant to this Section 12.11(b). 
 12.12 The
Agents in their Individual Capacities. Comerica Bank and its Affiliates, successors and assigns shall each have the same rights and powers hereunder as any other Lender and may exercise or refrain from exercising the same as though such Lender
were not the Agent. Comerica Bank and its Affiliates may (without having to account therefor to any Lender) accept deposits from, lend money to, and generally engage in any kind of banking, trust, financial advisory or other business with the Credit
Parties as if such Lender were not acting as the Agent hereunder, and may accept fees and other consideration therefor without having to account for the same to the Lenders. 

12.13 The Agent’s Fees. Until the Indebtedness has been repaid and discharged in full and no commitment to extend
any credit hereunder is outstanding, the Borrower shall pay to the Agent, as applicable, any agency or other fee(s) set forth (or to be set forth from time to time) in the applicable Fee Letter on the terms set forth therein. The agency fees
referred to in this Section 12.13 shall not be refundable under any circumstances. 
 12.14 Documentation Agent or
other Titles. Any Lender identified on the facing page or signature page of this Agreement or in any amendment hereto or as designated with consent of the Agent in any assignment agreement as Lead Arranger, Documentation Agent, Syndications
Agent 

  
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or any similar titles, shall not have any right, power, obligation, liability, responsibility or duty under this Agreement as a result of such title other than those applicable to all Lenders as
such. Without limiting the foregoing, the Lenders so identified shall not have or be deemed to have any fiduciary relationship with any Lender as a result of such title. Each Lender acknowledges that it has not relied, and will not rely, on the
Lender so identified in deciding to enter into this Agreement or in taking or not taking action hereunder. 
 12.15
Subordination Agreements. Each Lender hereby irrevocably appoints, designates and authorizes Agent to enter into any subordination or intercreditor agreement pertaining to any Subordinated Debt, on its behalf and to take such action on its
behalf under the provisions of any such agreement (subject to the last sentence of this Section 12.15). Each Lender further agrees to be bound by the terms and conditions of each subordination or intercreditor agreement pertaining to any
Subordinated Debt. Each Lender hereby authorizes Agent to issue blockages notices in connection with any Subordinated Debt at the direction of Majority Lenders (it being agreed and understood that Agent will not act unilaterally to issue such
blockage notices). 
 12.16 Indebtedness in respect of Lender Products and Hedging Agreements. Except as otherwise
expressly set forth herein, no Lender that obtains the benefits of the provisions of Section 10.2, any Guaranty or any Collateral by virtue of the provisions hereof or of any Guaranty or any Collateral Document shall have any right to notice of
any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or impairment of any Collateral) (or to notice of or to consent to any amendment,
waiver or modification of the provisions hereof or of the Guaranty or any Collateral Document) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision
of this Article 12 to the contrary, the Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Indebtedness arising under Lender Products and Hedging Agreements unless the Agent
has received written notice of such Indebtedness, together with such supporting documentation as the Agent may request, from the applicable Lender. 

12.17 No Reliance on the Agent’s Customer Identification Program.. 

(a) Each Lender acknowledges and agrees that neither such Lender, nor any of its Affiliates, participants or assignees, may
rely on the Agent to carry out such Lender’s, Affiliate’s, participant’s or assignee’s customer identification program, or other obligations required or imposed under or pursuant to the USA Patriot Act or the regulations
thereunder, including the regulations contained in 31 CFR 103.121 (as hereafter amended or replaced, the “CIP Regulations”), or any other Anti-Terrorism Law, including any programs involving any of the following items relating to or in
connection with the Borrower or any of its Subsidiaries, any of their respective Affiliates or agents, the Loan Documents or the transactions hereunder: (i) any identify verification procedures, (ii) any record keeping, (iii) any
comparisons with government lists, (iv) any customer notices or (v) any other procedures required under the CIP Regulations or such other laws. 

(b) Each Lender or assignee or participant of a Lender that is not organized under the laws of the United States or a state
thereof (and is not excepted from the certification requirement contained in Section 313 of the USA Patriot Act and the applicable regulations because it is both 

  
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(i) an affiliate of a depository institution or foreign bank that maintains a physical presence in the United States or foreign country, and (ii) subject to supervision by a banking
authority regulating such affiliated depository institution or foreign bank) shall deliver to the Agent the certification, or, if applicable, recertification, certifying that such Lender is not a “shell” and certifying to other matters as
required by Section 313 of the USA Patriot Act and the applicable regulations: (x) within 10 days after the Effective Date, and (y) at such other times as are required under the USA Patriot Act. 

12.18
 Flood Laws. Comerica Bank has adopted internal policies and procedures that
address requirements placed on federally regulated lenders under the Flood Laws. Comerica Bank, as administrative agent or collateral agent on a syndicated facility, will post on the applicable electronic platform (or otherwise distribute to each
Lender in the syndicate) documents that it receives in connection with the Flood Laws. However, Comerica Bank reminds each Lender and each participant in the facility that, pursuant to the Flood Laws, each federally regulated Lender (whether acting
as a Lender or participant in the facility) is responsible for assuring its own compliance with the flood insurance requirements. 

12.19
 Lenders’ Representations.  
  

	 	(a)	 Each Lender as of the Effective Date
represents and warrants as of the Effective Date to the Agent and its Affiliates, and not, for the avoidance of doubt, for the benefit of the Borrower or any other Credit Party, that such Lender is not and will not be (i) an employee benefit
plan subject to Title I of ERISA, (ii) a plan or account subject to Section 4975 of the Internal Revenue Code, (iii) an entity deemed to hold “plan assets” of any such plans or accounts for the purposes of ERISA or the
Internal Revenue Code, or (iv) a “governmental plan” within the meaning of ERISA. For the avoidance of doubt, a Lender may act as a service provider to or with respect to an ERISA plan and/or a plan or account subject to
Section 4975 of the Internal Revenue Code; provided, however, that such Lender shall not exercise any discretion or authority to utilize the assets of such plans or accounts to fund any loans or other credit extended hereunder.

  

	 	(b)	 Each Lender (which includes, for purposes
of this clause (b), the Issuing Lender) represents and warrants that (i) the Loan Documents set forth the terms of a commercial lending facility and (ii) it is engaged in making, acquiring or holding commercial loans in the ordinary course
and is entering into this Agreement as a Lender for the purpose of making, acquiring or holding commercial loans and providing other facilities set forth herein as may be applicable to such Lender, and not for the purpose of purchasing, acquiring or
holding any other type of financial instrument, and each Lender agrees not to assert a claim in contravention of the foregoing. 

  
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	 	(c)	 Each Lender (which includes, for purposes
of this clause (c), the Issuing Lender) represents and warrants that it is sophisticated with respect to decisions to make, acquire and/or hold commercial loans and to provide other facilities set forth herein, as may be applicable to such Lender,
and either it, or the Person exercising discretion in making its decision to make, acquire and/or hold such commercial loans or to provide such other facilities, is experienced in making, acquiring or holding such commercial loans or providing such
other facilities. 

  

	 	(d)	 Each Lender severally agrees to pay to the
Agent and its Affiliates any and all costs, expenses, losses and other damages suffered or incurred by the Agent and its Affiliates as a result of such Lender’s failure to obtain, maintain and/or hold any license required in connection with the
use of BSBY.  

  

	13.	 MISCELLANEOUS. 

13.1 Accounting Principles[.]; Divisions[. Where the character or amount of any asset or liability or item of income or expense is required to be determined or any consolidation or other accounting computation is required to be
made for the purposes of this Agreement, it shall be done, unless otherwise specified herein, in accordance with GAAP. Notwithstanding anything to the contrary in this Agreement, the parties hereto agree that from and after the effective date of
FASB ASC 842 (Leases) (the “Lease Accounting Change”), all covenants (including financial covenants) under this Agreement shall continue to be calculated in accordance with GAAP as in effect immediately prior to the effectiveness of the
Lease Accounting Change, unless otherwise agreed by and between the Borrower and the Agent (the Borrower, the Agent and the Majority Lenders having no obligation to negotiate any amendments to this Agreement in response to the Lease Accounting
Change).].  
  

	 	(a)	 All accounting terms not specifically or
completely defined herein shall be construed in conformity with, and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP,
except as otherwise specifically prescribed herein. If at any time any change (or implementation of a previously agreed upon change) in GAAP would affect the computation of any financial ratio or requirement (including any negative covenant
“basket”) set forth in any Loan Document, and either Borrower or the Majority Lenders shall so request, the Agent, the Lenders and Borrower shall negotiate in good faith to amend such ratio or requirement to preserve the original intent
thereof in light of such change in GAAP (subject to the approval of the Majority Lenders); provided, that until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and
(ii) Borrower shall provide to the Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such 

  
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ratio or requirement made before and after giving effect to such change in GAAP. Without limiting the foregoing,
leases shall continue to be classified and accounted for on a basis consistent with that reflected in the audited financial statements described in Section 6.21(a) for all purposes of this Agreement, notwithstanding any change (or
implementation of a previously agreed upon change) in GAAP relating thereto, unless the parties hereto shall enter into a mutually acceptable amendment addressing such changes, as provided for above. 

 

	 	(b)	 For all purposes under the Loan Documents,
in connection with any Division, (a) if any asset, right, obligation or liability of any Dividing Person becomes the asset, right, obligation or liability of a Division Successor, then it shall be deemed to have been transferred from the
Dividing Person to the Division Successor, and (b) any Division Successor shall be deemed to have been organized on the first date of its existence by the holders of its Equity Interests at such time.  

13.2 Consent to Jurisdiction. The Borrower, the Agent and Lenders hereby irrevocably submit to the non-exclusive
jurisdiction of any United States Federal Court or Michigan state court sitting in Detroit, Michigan in any action or proceeding arising out of or relating to this Agreement or any of the Loan Documents and the Borrower, the Agent and Lenders hereby
irrevocably agree that all claims in respect of such action or proceeding may be heard and determined in any such United States Federal Court or Michigan state court. The Borrower irrevocably consents to the service of any and all process in any
such action or proceeding brought in any court in or of the State of Michigan by the delivery of copies of such process to it at the applicable addresses specified on the signature page hereto or by certified mail directed to such address or such
other address as may be designated by it in a notice to the other parties that complies as to delivery with the terms of Section 13.6. Nothing in this Section shall affect the right of the Lenders and the Agent to serve process in any other
manner permitted by law or limit the right of the Lenders or the Agent (or any of them) to bring any such action or proceeding against any Credit Party or any of their property in the courts with subject matter jurisdiction of any other
jurisdiction. The Borrower irrevocably waives any objection to the laying of venue of any such suit or proceeding in the above described courts. 

13.3 Governing Law. This Agreement, the Notes and, except where otherwise expressly specified therein to be governed by
local law, the other Loan Documents shall be governed by and construed and enforced in accordance with the laws of the State of Michigan (without regard to its conflict of laws provisions). Whenever possible each provision of this Agreement shall be
interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Agreement shall be prohibited by or invalid under applicable law, such provision shall be ineffective to the extent of such prohibition or
invalidity, without invalidating the remainder of such provision or the remaining provisions of this Agreement. 
 13.4
Interest. In the event the obligation of the Borrower to pay interest on the principal balance of the Notes or on any other amounts outstanding hereunder or under the other Loan Documents is or becomes in excess of the maximum interest rate
which the Borrower is permitted by law to contract or agree to pay, giving due consideration to the execution date of this 

  
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Agreement, then, in that event, the rate of interest applicable thereto with respect to such Lender’s applicable Percentages shall be deemed to be immediately reduced to such maximum rate
and all previous payments in excess of the maximum rate shall be deemed to have been payments in reduction of principal and not of interest. 

13.5 Closing Costs and Other Costs; Indemnification. 

(a) The Borrower shall pay or reimburse
([a]i
) the Agent and its Affiliates for payment of, on demand, all reasonable and invoiced out-of-pocket costs and expenses, including, by way of description and not limitation, reasonable and
invoiced outside attorney fees and advances, appraisal and accounting fees, lien search fees, and required travel costs, reasonably incurred by the Agent and its Affiliates in connection with the commitment, consummation and closing of the loans
contemplated hereby, or in connection with the administration or enforcement of this Agreement or the other Loan Documents (including the obtaining of legal advice regarding the rights and responsibilities of the parties hereto) or any refinancing
or restructuring of the loans or Advances provided under this Agreement or the other Loan Documents, or any amendment or modification thereof requested by the Borrower, and
([b]ii
) the Agent and its Affiliates and each of the Lenders, as the case may be, for all stamp and other taxes and duties payable or determined to be payable in connection with the execution,
delivery, filing or recording of this Agreement and the other Loan Documents and the consummation of the transactions contemplated hereby, and any and all liabilities with respect to or resulting from any delay in paying or omitting to pay such
taxes or duties. Furthermore, all reasonable and invoiced out-of-pocket costs and expenses, including without limitation reasonable and invoiced outside attorney fees, incurred by the Agent and its Affiliates and, after the occurrence and during the
continuance of an Event of Default, by the Lenders in revising, preserving, protecting, exercising or enforcing any of its or any of the Lenders’ rights against the Borrower or any other Credit Party, or otherwise incurred by the Agent and its
Affiliates and the Lenders in connection with any Event of Default or the enforcement of the loans (whether incurred through negotiations, legal proceedings or otherwise), including by way of description and not limitation, such charges in any court
or bankruptcy proceedings or arising out of any claim or action by any person against the Agent, its Affiliates, or any Lender which would not have been asserted were it not for the Agent’s or such Affiliate’s or Lender’s relationship
with the Borrower hereunder or otherwise, shall also be paid by the Borrower provided, however, that notwithstanding anything to the contrary, it is agreed that none of the
[Loan]Credit
 Parties shall be required to reimburse legal fees or expenses of more than one counsel (and, if relevant, one firm of local counsel in each relevant jurisdiction or other necessary special
counsel) or more than one other advisor to all parties described above, taken as a whole (other than such additional counsel as may be appointed in the event of a conflict). All of said amounts required to be paid by the Borrower hereunder and not
paid forthwith upon demand, as aforesaid, shall bear interest, from the date incurred to the date payment is received by the Agent, at the Base Rate, plus three percent (3%). 

(b) The Borrower agrees to indemnify and hold the Agent and each of the Lenders (and their respective Affiliates) harmless from
all loss, reasonable and invoiced out-of-pocket cost, damage, liability or expenses, including reasonable and invoiced outside attorneys’ fees and disbursements, incurred by the Agent and each of the Lenders by reason of an Event of Default, or
enforcing the obligations of any Credit Party under this Agreement or any of the other Loan Documents, as applicable, or in the prosecution or defense of any action or proceeding concerning 

  
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any matter growing out of or connected with this Agreement or any of the Loan Documents, excluding, however, any such loss, cost, damage, liability or expenses to the extent arising as a result
of the gross negligence or willful misconduct of the party seeking to be indemnified under this Section 13.5(b). 
 (c)
The Borrower agrees to defend, indemnify and hold harmless the Agent and each Lender (and their respective Affiliates), and their respective employees, agents, officers and directors from and against any and all claims, demands, penalties, fines,
liabilities, settlements, damages, reasonable and invoiced out-of-pocket costs or expenses of whatever kind or nature (including without limitation, reasonable and invoiced outside attorneys’ and consultants’ fees, investigation and
laboratory fees, environmental studies reasonably required by the Agent or any Lender in connection with the violation of Hazardous Material Laws), court costs and litigation expenses, arising out of or related to (i) the presence, use,
disposal, release or threatened release of any Hazardous Materials on, from or affecting any premises owned or occupied by any Credit Party in violation of or
[the]in
 non-compliance with applicable Hazardous Material Laws, (ii) any personal injury (including wrongful death) or property damage (real or personal) arising out of or related to such
Hazardous Materials, (iii) any lawsuit or other proceeding brought or threatened, settlement reached or governmental order or decree relating to such Hazardous Materials, and/or (iv) [complying]any
 Credit Party failing to comply or [coming]come into compliance with all Hazardous Material Laws (including the cost of any
remediation or monitoring required in connection therewith) or any other Requirement of Law; provided, however, that the Borrower shall have no obligations under this Section 13.5(c) with respect to claims, demands, penalties, fines,
liabilities, settlements, damages, costs or expenses to the extent arising as a result of the gross negligence or willful misconduct of the Agent or such Lender, as the case may be. The obligations of the Borrower under this Section 13.5(c)
shall be in addition to any and all other obligations and liabilities the Borrower may have to the Agent or any of the Lenders at common law or pursuant to any other agreement. 

(d)
 This Section 13.5 shall not apply with respect to Taxes other than any
Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim. 

13.6 Notices. 
  

	 	(a)	 Except as expressly provided otherwise in this Agreement (and except as provided in clause (b) below),
all notices and other communications provided to any party hereto under this Agreement or any other Loan Document shall be in writing and shall be given by personal delivery, by mail, by reputable overnight courier or by facsimile and addressed or
delivered to it at its address set forth on Annex III or at such other address as may be designated by such party in a notice to the other parties that complies as to delivery with the terms of this Section 13.6 or posted to an E-System set up
by or at the direction of the Agent (as set forth below). Any notice, if personally delivered or if mailed and properly addressed with postage prepaid and sent by registered or certified mail, shall be deemed given when received or when delivery is
refused; any notice, if given to a reputable overnight courier and properly addressed, shall be deemed given two (2) Business Days after the date on which it was sent, unless it is

  
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actually received sooner by the named addressee; and any notice, if transmitted by facsimile, shall be deemed given when received. The Agent may, but, except as specifically provided herein,
shall not be required to, take any action on the basis of any notice given to it by telephone, but the giver of any such notice shall promptly confirm such notice in writing or by facsimile, and such notice will not be deemed to have been received
until such confirmation is deemed received in accordance with the provisions of this Section set forth above. If such telephonic notice conflicts with any such confirmation, the terms of such telephonic notice shall control. Any notice given by the
Agent or any Lender to the Borrower shall be deemed to be a notice to all of the Credit Parties. 

  

	 	(b)	 Notices and other communications provided to the Agent and the Lenders party hereto under this Agreement or
any other Loan Document may be delivered or furnished by electronic communication (including email and Internet or intranet websites) pursuant to procedures approved by the Agent. The Agent or the Borrower may, in its discretion, agree to accept
notices and other communications to it hereunder by electronic communications (including email and any E-System) pursuant to procedures approved by it. Unless otherwise agreed to in a writing by and among the parties to a particular communication,
(i) notices and other communications sent to an email address shall be deemed received upon the sender’s receipt of an acknowledgment from the intended recipient (such as by the “return receipt requested” function, return email,
or other written acknowledgment) and (ii) notices and other communications posted to any E-System shall be deemed received upon the deemed receipt by the intended recipient at its email address as described in the foregoing clause (i) of
notification that such notice or other communication is available and identifying the website address therefore. 

13.7 Further Action. The Borrower, from time to time, upon written request of the Agent will make, execute, acknowledge
and deliver or cause to be made, executed, acknowledged and delivered, all such further and additional instruments, and take all such further action as may reasonably be required to carry out the intent and purpose of this Agreement or the Loan
Documents, and to provide for Advances under and payment of the Notes, according to the intent and purpose herein and therein expressed. 

13.8 Successors and Assigns; Participations; Assignments. 

(a) This Agreement shall be binding upon and shall inure to the benefit of the Borrower and the Lenders and their respective
successors and assigns. 
 (b) The foregoing shall not authorize any assignment by the Borrower of its rights or duties
hereunder, and, except as otherwise provided herein, no such assignment shall be made (or be effective) without the prior written approval of the Lenders. 

  
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 (c) No Lenders may at any time assign or grant participations in such
Lender’s rights and obligations hereunder and under the other Loan Documents except (i) by way of assignment to any Eligible Assignee in accordance with clause (d) of this Section, (ii) by way of a participation in accordance
with the provisions of clause (e) of this Section 13.8 or (iii) by way of a pledge or assignment of a security interest subject to the restrictions of clause (g) of this Section 13.8 (and any other attempted assignment or
transfer by any Lender shall be deemed to be null and void). 
 (d) Each assignment by a Lender of all or any portion of its
rights and obligations hereunder and under the other Loan Documents, shall be subject to the following terms and conditions: 
  

	 	(i)	 each such assignment shall be made on a pro rata basis, and shall be in a minimum amount of the lesser of
(x) Five Million Dollars ($5,000,000) or such lesser amount as the Agent shall agree and (y) the entire remaining amount of assigning Lender’s aggregate interest in the Revolving Credit (and participations in any outstanding Letters
of Credit) and the Term Loan; provided however that, after giving effect to such assignment, in no event shall the entire remaining amount (if any) of assigning Lender’s aggregate interest in the Revolving Credit (and participations in any
outstanding Letters of Credit) and the Term Loan be less than $5,000,000; and 

  

	 	(ii)	 the parties to any assignment shall execute and deliver to the Agent an Assignment Agreement substantially
(as determined by the Agent) in the form attached hereto as Exhibit H (with appropriate insertions acceptable to the Agent), together with a processing and recordation fee in the amount, if any, required as set forth in the Assignment Agreement.

 Until the Assignment Agreement becomes effective in accordance with its terms and is recorded in the Register
maintained by the Agent under clause (h) of this Section 13.8, and the Agent has confirmed that the assignment satisfies the requirements of this Section 13.8, the Borrower and the Agent shall be entitled to continue to deal solely
and directly with the assigning Lender in connection with the interest so assigned. From and after the effective date of each Assignment Agreement that satisfies the requirements of this Section 13.8, the assignee thereunder shall be deemed to
be a party to this Agreement, such assignee shall have the rights and obligations of a Lender under this Agreement and the other Loan Documents (including without limitation the right to receive fees payable hereunder in respect of the period
following such assignment) and the assigning Lender shall relinquish its rights and be released from its obligations under this Agreement and the other Loan Documents. 

Upon request, the Borrower shall execute and deliver to the Agent, new Note(s) payable to[ the order of] the assignee in an amount equal to the amount assigned to the assigning Lender pursuant to such Assignment Agreement, and with respect to the portion of
the Indebtedness retained by the assigning Lender, to the extent applicable, new Note(s) payable to[ the order of] the assigning Lender in an amount equal to
the amount retained by such Lender hereunder. The  

  
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Agent, the Lenders and the Borrower acknowledges and agrees that any such new Note(s) shall be given in renewal and replacement of the Notes issued to the assigning lender prior to such
assignment and shall not effect or constitute a novation or discharge of the Indebtedness evidenced by such prior Note, and each such new Note may contain a provision confirming such agreement. 

(e) The Borrower and the Agent acknowledge that each of the Lenders may at any time and from time to time, subject to the terms
and conditions hereof, grant participations in such Lender’s rights and obligations hereunder (on a pro rata basis only) and under the other Loan Documents to any Person (other than a natural person or to the Borrower or any of the
Borrower’s Affiliates or Subsidiaries); provided that any participation permitted hereunder shall comply with all applicable laws and shall be subject to a participation agreement that incorporates the following restrictions: 

 

	 	(i)	 such Lender shall remain the holder of its Notes hereunder (if such Notes are issued), notwithstanding any
such participation; 

  

	 	(ii)	 a participant shall not reassign or transfer, or grant any sub-participations in its participation interest
hereunder or any part thereof; 

  

	 	(iii)	 such Lender shall retain the sole right and responsibility to enforce the obligations of the Credit Parties
relating to the Notes and the other Loan Documents, including, without limitation, the right to proceed against any Guarantors, or cause the Agent to do so (subject to the terms and conditions hereof), and the right to approve any amendment,
modification or waiver of any provision of this Agreement without the consent of the participant (unless such participant is an Affiliate of such Lender), except for those matters requiring the consent of each of the Lenders under
Section 13.10(b) (provided that a participant may exercise approval rights over such matters only on an indirect basis, acting through such Lender and the Credit Parties, the Agent and the other Lenders may continue to deal directly with such
Lender in connection with such Lender’s rights and duties hereunder). Notwithstanding the foregoing, however, in the case of any participation granted by any Lender hereunder, the participant shall not have any rights under this Agreement or
any of the other Loan Documents against the Agent, any other Lender or any Credit Party; provided, however that the participant may have rights against such Lender in respect of such participation as may be set forth in the applicable participation
agreement and all amounts payable by the Credit Parties hereunder shall be determined as if such Lender had not sold such participation. Each such participant shall be entitled to the benefits of Article 11 of this Agreement to the same extent as if
it were a Lender and had acquired its interest by assignment pursuant to clause (d) of this Section, provided that no participant shall be entitled to receive any greater amount pursuant to such the

  
 155 

	 	 
provisions of Article 11 than the issuing Lender would have been entitled to receive in respect of the amount of the participation transferred by such issuing Lender to such participant had no
such transfer occurred and each such participant shall also be entitled to the benefits of Section 9.6 hereof as though it were a Lender, provided that such participant agrees to be subject to Section 10.3 hereof as though it were a
Lender; and 

  

	 	(iv)	 each participant shall provide the relevant tax form required under Section 13.11.

 (f) Each Lender that sells a participation shall, acting solely for this purpose as an agent of the
Borrower, maintain a register on which it enters the name and address of each participant and the principal amounts (and stated interest) of each participant’s interest in the Loans or other obligations under the Loan Documents (the
“Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any participant or any information relating to a participant’s interest
in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in
registered form under Section 5f.103-1(c) of the United States Treasury Regulations. 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. 
 (g) Any Lender may at any time pledge or assign a security interest in all or any portion of its
rights under this Agreement (including its Notes, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge or assignment shall release such Lender
from any of its obligations hereunder or substitute any such pledge or assignee for such Lender as a party hereto. 
 (h) The
Borrower hereby designate the Agent, and Agent agrees to serve, as the Borrower’s non-fiduciary agent solely for purposes of this Section 13.8(h) to maintain at its principal office in the United States a copy of each Assignment Agreement
delivered to it and a register (the “Register”) for the recordation of the names and addresses of the Lenders, the Percentages of such Lenders and the principal amount of each type of Advance owing to each such Lender from time to time.
The entries in the Register shall be conclusive evidence, absent manifest error, and the Borrower, the Agent, and the Lenders [may]shall treat each Person whose
name is recorded in the Register as the owner of the Advances recorded therein for all purposes of this Agreement. The Register shall be available for inspection by the Borrower or any Lender (but only with respect to any entry relating to such
Lender’s Percentages and the principal amounts owing to such Lender) upon reasonable notice to the Agent and a copy of such information shall be provided to any such party on their prior written request. The Agent shall give prompt written
notice to the Borrower of the making of any entry in the Register or any change in such entry. 

  
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 (i) The Borrower authorizes each Lender to disclose to any prospective
assignee or participant which has satisfied the requirements hereunder, any and all financial information in such Lender’s possession concerning the Credit Parties which has been delivered to such Lender pursuant to this Agreement, provided
that each such prospective assignee or participant shall execute a confidentiality agreement consistent with the terms of Section 13.11 hereof or shall otherwise agree to be bound by the terms thereof. 

(j) Nothing in this Agreement, the Notes or the other Loan Documents, expressed or implied, is intended to or shall confer on
any Person other than the respective parties hereto and thereto and their successors and assignees and participants permitted hereunder and thereunder any benefit or any legal or equitable right, remedy or other claim under this Agreement, the Notes
or the other Loan Documents. 
 13.9 Counterparts. This Agreement may be executed in several counterparts, and each
executed copy shall constitute an original instrument, but such counterparts shall together constitute but one and the same instrument. 

13.10 Amendment and Waiver. 

(a) No amendment or waiver of any provision of this Agreement or any other Loan Document, nor consent to any departure by any
Credit Party therefrom, shall in any event be effective unless the same shall be in writing and signed by the Agent and the Majority Lenders (or by the Agent at the written request of the Majority Lenders) or, if this Agreement expressly so requires
with respect to the subject matter thereof, by all Lenders (and, with respect to any amendments to this Agreement or the other Loan Documents, by any Credit Party or the Guarantors that are signatories thereto), and then such waiver or consent shall
be effective only in the specific instance and for the specific purpose for which given. All references in this Agreement to “Lenders” or “the Lenders” shall refer to all Lenders, unless expressly stated to refer to Majority
Lenders (or the like). 
 (b) Notwithstanding anything to the contrary herein, 

(i) no amendment, waiver or consent shall increase the stated amount of any Lender’s commitment hereunder
without such Lender’s consent; 
 (ii) no amendment, waiver or consent shall, unless in writing and
signed by the Lender or Lenders holding Indebtedness directly affected thereby, do any of the following: 

(A) reduce the principal of, or interest on, any outstanding Indebtedness or any Fees or other amounts payable
hereunder, 
 (B) postpone any date fixed for any payment of principal of, or interest on, any outstanding
Indebtedness or any Fees or other amounts payable hereunder (except with respect to the payments required under Section 4.8); and 

  
 157 

 (C) change any of the provisions of this Section 13.10
or the definitions of “Majority Lenders”, “Majority Revolving Credit Lenders”, “Majority Term Loan Lenders” or any other provision of any Loan Document specifying the number or percentage of Lenders required to waive,
amend or modify any rights thereunder or make any determination or grant any consent thereunder; provided that changes to the definition of “Majority Lenders” may be made with the consent of only the Majority Lenders to include the Lenders
holding any additional credit facilities that are added to this Agreement with the approval of the appropriate Lenders; 

(iii) no amendment, waiver or consent shall, unless in writing and signed by all Lenders, do any of the
following: 
 (A) except as expressly permitted hereunder or under the Collateral Documents, release all or
substantially all of the Collateral (provided that neither the Agent nor any Lender shall be prohibited thereby from proposing or participating in a consensual or nonconsensual debtor-in-possession or similar financing), or release any material
guaranty provided by any Person in favor of the Agent and the Lenders, provided however that the Agent shall be entitled, without notice to or any further action or consent of the Lenders, to release any Collateral which any Credit Party is
permitted to sell, assign or otherwise transfer in compliance with this Agreement or the other Loan Documents or release any guaranty to the extent expressly permitted in this Agreement or any of the other Loan Documents (whether in connection with
the sale, transfer or other disposition of the applicable Guarantor or otherwise), 
 (B) increase the
maximum duration of Interest Periods permitted hereunder; or 
 (C) modify Sections 10.2 or 10.3 hereof;

 (iv) any amendment, waiver or consent that will (A) reduce the principal of, or interest on, the
Swing Line Note, (B) postpone any date fixed for any payment of principal of, or interest on, the Swing Line Note or (C) otherwise affect the rights and duties of the Swing Line Lender under this Agreement or any other Loan Document, shall
require the written concurrence of the Swing Line Lender; 
 (v) any amendment, waiver or consent that will
affect the rights or duties of Issuing Lender under this Agreement or any of the other Loan Documents, shall require the written concurrence of the Issuing Lender; and 

(vi) any amendment, waiver, or consent that will affect the rights or duties of the Agent under this Agreement
or any other Loan Document, shall require the written concurrence of the Agent. 
 (c) Notwithstanding anything to the
contrary herein, no Defaulting Lender shall have any right to approve or disapprove of any amendment, consent, waiver or any other 

  
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modification to any Loan Document (and all amendments, consents, waivers and other modifications may be effected without the consent of the Defaulting Lenders), except that the foregoing shall
not permit, in each case without such Defaulting Lender’s consent, (i) an increase in such Defaulting Lender’s stated commitment amounts, (ii) the waiver, forgiveness or reduction of the principal amount of any Indebtedness owing
to such Defaulting Lender (unless all other Lenders affected thereby are treated similarly), (iii) the extension of the final maturity date(s) of such Defaulting Lenders’ portion of any of the Indebtedness or the extension of any
commitment to extend credit of such Defaulting Lender, or (iv) any other modification which requires the consent of all Lenders or the Lender(s) affected thereby which affects such Defaulting Lender more adversely than the other affected
Lenders (other than a modification which results in a reduction of such Defaulting Lender’s Percentage of any Commitments or repayment of any amounts owing to such Defaulting Lender on a non pro-rata basis). 

(d) The Agent shall, upon the written request of the Borrower, execute and deliver to the Credit Parties such documents as may
be necessary to evidence (1) the release of any Lien granted to or held by the Agent upon any Collateral: (a) upon [termination of the Revolving Credit Aggregate
Commitment and payment]Payment in
[full]Full
 of all Indebtedness[ payable under this Agreement and under any other Loan Document]; (b) which constitutes property (including, without limitation, Equity Interests in any Person) sold or to be sold or disposed of as part of or in connection with any disposition (whether by sale, by merger
or by any other form of transaction and including the property of any Subsidiary that is disposed of as permitted hereby) permitted in accordance with the terms of this Agreement; (c) which constitutes property in which a Credit Party owned no
interest at the time the Lien was granted or at any time thereafter; or (d) if approved, authorized or ratified in writing by the Majority Lenders, or all the Lenders, as the case may be, as provided in this Section 13.10; or (2) the
release of any Person from its obligations under the Loan Documents (including without limitation the Guaranty) if all of the Equity Interests of such Person that were held by a Credit Party are sold or otherwise transferred to any transferee other
than the Borrower or a Subsidiary of the Borrower as part of or in connection with any disposition (whether by sale, by merger or by any other form of transaction) permitted in accordance with the terms of this Agreement; provided that (i) the
Agent shall not be required to execute any such release or subordination agreement under clauses (1) or (2) above on terms which, in the Agent’s opinion, would expose the Agent to liability or create any obligation or entail any
consequence other than the release of such Liens without recourse or warranty or such release shall not in any manner discharge, affect or impair the Indebtedness or any Liens upon any Collateral retained by any Credit Party, including (without
limitation) the proceeds of the sale or other disposition, all of which shall constitute and remain part of the Collateral. 

(e) Notwithstanding anything to the contrary herein (i) the Agent may, with the consent of the Borrower only, amend,
modify or supplement this Agreement or any of the other Loan Documents to cure any ambiguity, omission, mistake, defect or inconsistency[, and (ii) the Agent may make
Benchmark Replacement Conforming Changes in accordance with Section 11.13. [per Third Amendment] ]. 

(f)
 (A) the Agent may determine a Successor Rate and the Agent may make
Conforming Changes, in each case, in accordance with Section 11.3; and (B) in connection with the use or administration of BSBY, the Agent will have the right to make Conforming Changes from time to time, and any amendments implementing
such 

  
 159 

 
Conforming Changes will become effective without any further action or consent
of any other party to this Agreement or any other Loan Document (provided that the Agent will promptly notify the Borrower and the Lenders of the effectiveness of any Conforming Changes in connection with the use or administration of
BSBY). 
 (g)
[(f) ]Notwithstanding the foregoing, no amendment and
restatement of this Agreement which is in all other respects approved by the Lenders in accordance with this Section 13.10 shall require the consent or approval of any Lender (i) which immediately after giving effect to such amendment and
restatement, shall have no commitment or other obligation to maintain or extend credit under this Agreement (as so amended and restated), including, without limitation, any obligation to participate in any Letter of Credit and (ii) which,
substantially contemporaneously with the effectiveness of such amendment and restatement, shall have received payment in full of all Indebtedness owing to such Lender under the Loan Documents (other than any Indebtedness owing to such Lender in
connection with Lender Products or under any Hedging Agreements). From and after the effectiveness of any such amendment and restatement, any such Lender shall be deemed to no longer be a “Lender” hereunder or a party hereto, except that
any such Lender shall retain the benefits of indemnification provisions hereof which, by the terms hereof would survive the termination of this Agreement. 

(h)
[(g) ]Notwithstanding anything to the contrary herein,
the Agent may, with the consent of the Borrower Representative only, amend, modify or supplement this Agreement or any of the other Loan Documents to (A) cure any ambiguity, omission, mistake, defect or inconsistency, (B) make any change
that would provide any additional rights or benefits to the Lenders, or (C) make, complete or confirm any grant of Collateral permitted or required by any Loan Document or any release of any Collateral that is otherwise permitted under the
terms of this Agreement and the other Loan Documents. 

(i) this
Agreement may be amended with the written consent of the Majority Lenders, the Agent and the Borrower (A) to add one or more additional revolving credit or term loan facilities to this Agreement and to permit the extensions of credit and all
related obligations and liabilities arising in connection therewith from time to time outstanding to share ratably (or on a basis subordinated to the existing facilities hereunder) in the benefits of this Agreement and the other Loan Documents with
the obligations and liabilities from time to time outstanding in respect of the existing facilities hereunder, and (B) in connection with the foregoing, to permit, as deemed appropriate by the Agent and approved by the Majority Lenders, the
Lenders providing such additional credit facilities to participate in any required vote or action required to be approved by the Majority Lenders or by any other number, percentage or class of Lenders hereunder; provided, however, that this
Agreement may be amended in accordance with the requirements set forth in Sections 2.13 and 4.10 with only the approval of the parties as required thereunder. 

(j)
(A) each Lender is entitled to vote as such Lender sees fit on any bankruptcy reorganization plan that affects the Indebtedness, and each Lender acknowledges that the provisions of Section 1126(c) of the Bankruptcy Code supersede the
unanimous consent provisions set forth herein and (B) the Majority Lenders shall determine whether or not to allow a Credit Party to use cash collateral in the context of a bankruptcy or insolvency proceeding and such determination shall be
binding on all of the Lenders 

  
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(k) Each
of the parties hereto acknowledges and agrees that notwithstanding anything to the contrary set forth herein, no MIRE Event may be closed (x) until the date that is (i) if there are no Mortgaged Properties in a Flood Hazard Zone, ten
(10) Business Days or (ii) if there are any Mortgaged Properties in a “special flood hazard area”, thirty (30) days, in each case, after the Agent or Borrower have delivered to the Lenders the following documents in respect
of such real property: (A) a completed flood hazard determination from a third party vendor; (B) if such real property is located in a “special flood hazard area”, (1) a notification to the applicable Credit Parties of that
fact and, if applicable, notification to the applicable Credit Parties that flood insurance coverage is not available and (2) evidence of the receipt by the applicable Credit Parties of such notice; and (3) if required by applicable Flood
Laws, evidence of required flood insurance with respect to which flood insurance has been made available under applicable Flood Laws; provided that any such MIRE Event may be closed prior to the expiration of such period if the Agent shall have
received confirmation from each Lender that such Lender has completed any necessary flood insurance due diligence to its reasonable satisfaction. 

13.11
Confidentiality. [. Each Lender agrees that it will not disclose without the prior consent of the Borrower (other than to its employees, its Subsidiaries, another Lender, an Affiliate of a Lender or to
its auditors, counsel or representatives) any information with respect to the Credit Parties which is furnished pursuant to this Agreement or any of]]Each of the Agent, the Lenders, the Swing Line Lender and the Issuing Lender agree to maintain the confidentiality of the Information (as
defined below), except that Information may be disclosed (a) to its Affiliates and to its Related Parties (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and
instructed to keep such Information confidential); (b) to the extent required or requested by any regulatory authority purporting to have jurisdiction over such Person or its Related Parties (including any self-regulatory authority, such as the
National Association of Insurance Commissioners); (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process; (d) to any other party hereto; (e) in connection with the exercise of any
remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder; (f) subject to an agreement containing provisions
substantially the same as those of this Section, to (i) any assignee of or participant in, or any prospective assignee of or participant in, any of its rights and obligations under this Agreement, or (ii) any actual or prospective party
(or its Related Parties) to any swap, derivative or other transaction under which payments are to be made by reference to the Borrower and its obligations, this Agreement or payments hereunder; (g) on a confidential basis to (i) any rating
agency in connection with rating the Borrower or its Subsidiaries or the credit facilities hereunder or (ii) the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers with respect to the
credit facilities hereunder; (h) with the consent of the Borrower; or (i) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section, or (y) becomes available to the Agent,
any Lender, Swing Line Lender, Issuing Lender or any of their respective Affiliates on a nonconfidential basis from a source other than the Borrower who did not acquire such information as a result of a breach of this Section. In addition, the Agent
and the Lenders may disclose the existence of this Agreement and information about this Agreement to market data collectors, similar
service providers to the 

  
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lending industry and service providers to the Agents or any Lender in
connection with the administration of this Agreement, the other Loan Documents[; provided that any Lender may
disclose any such information (a) as has become generally available to the public or has been lawfully obtained by such Lender from any third party under no duty of confidentiality to any Credit Party, (b) as may be required or appropriate
in any report, statement or testimony submitted to, or in respect to any inquiry, by, any municipal, state or federal regulatory body having or claiming to have jurisdiction over such Lender, including the Board of Governors of the Federal Reserve
System of the United States, the Office of the Comptroller of the Currency or the Federal Deposit Insurance Corporation or similar organizations (whether in the United States or elsewhere) or their successors, (c) as may be required or
appropriate in respect to any summons or subpoena or in connection with any litigation, (d) in order to comply with any law, order, regulation, ruling or other requirement of law applicable to such Lender, and (e) to any prospective
assignee or participant in accordance with Section 13.8(f)
hereof.], and the Commitments. 

(b) For
purposes of this Section, “Information” means all information received from any Credit Party relating to any Credit Party or any of their respective businesses, other than any such information that is available to the Agent, any Lender,
Swing Line Lender or Issuing Lender on a nonconfidential basis prior to disclosure by any Credit Party; provided that, in the case of information received from any Credit Party after the date hereof, such information is clearly identified at the
time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care
to maintain the confidentiality of such Information as such Person would accord to its own confidential information. 

13.12 Substitution or Removal of Lenders. 

(a) If any
Lender has demanded compensation under Sections 3.4(c), 11.5 or 11.6, then such Lender shall (at the request of the Borrower) use reasonable efforts to designate a different lending office for funding or booking its Advances hereunder (or issuing or
maintaining, or participating in, any Letters of Credit hereunder) or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender, such designation or assignment (i) would
eliminate or reduce amounts payable pursuant to Sections 3.4(c), 11.5 or 11.6, as the case may be, in the future, and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such
Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment. 

(b)
[(a) ]With respect to any Lender (i) [whose obligation to make Eurodollar-based Advances has been suspended pursuant to Section 11.3 or 11.4, (ii) ]that
has demanded compensation under Sections 3.4(c), 11.5 or 11.6[, (iii) that] and has
declined or is unable to designate a different lending office in accordance with Section 13.12(a), (ii) that has
become a Defaulting Lender or ([iv]iii) that has failed to consent to a requested amendment, waiver or modification
to any Loan Document that requires the consent of all Lenders or all affected Lenders in accordance with Section 13.10
and as to which the Majority Lenders have already consented (in each case, an “Affected Lender”), then the Agent
or (upon notice to the 

  
 162 

 
Agent) the Borrower
may, at the Borrower’s sole expense, require the Affected Lender to sell and assign all of its interests, rights and obligations under this
Agreement and the other Loan Documents, including, without
limitation, its Commitments, to an
[assignee]Eligible
 Assignee (which may be one or more of the Lenders) (such [assignee]Eligible Assignee shall be
referred to herein as the “Purchasing Lender” or “Purchasing Lenders”) within two (2) Business Days after receiving notice from the Borrower requiring it to do so, for an aggregate price equal to the sum of the [portion]outstanding
 principal amount of all Advances made by it, interest and fees accrued for its account through but excluding the date of such payment, and all other amounts payable to it hereunder, from the
Purchasing Lender(s) (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts, including without limitation, if demanded by the Affected Lender, the amount of any compensation
[that]then
 due to the Affected Lender under Sections 3.4(c), 11.1, 11.5 and 11.6 to but excluding said date), payable (in immediately available funds) in cash. The Affected Lender, as assignor, such
Purchasing Lender, as assignee, the Borrower and the Agent, shall enter into an Assignment Agreement pursuant to Section 13.8 hereof, whereupon such Purchasing Lender shall be a Lender party to this Agreement, shall be deemed to be an assignee
hereunder and shall have all the rights and obligations of a Lender with a Revolving Credit Percentage equal to its ratable share of the then applicable Revolving Credit Aggregate Commitment and the applicable Percentages of the Term Loan of the
Affected Lender, provided, however, that if the Affected Lender does not execute such Assignment Agreement within (2) Business Days of receipt thereof, the Agent may execute the Assignment Agreement as the Affected Lender’s
attorney-in-fact. Each of the Lenders hereby irrevocably constitutes and appoints the Agent and any officer or agent thereof, with full power of substitution, as its true and lawful attorney-in-fact with full power and authority in the name of such
Lender or in its own name to execute and deliver the Assignment Agreement while such Lender is an Affected Lender hereunder (such power of attorney to be deemed coupled with an interest and irrevocable). In connection with any assignment pursuant to
this Section 13.12(b), (I) the Borrower or the Purchasing Lender shall pay to the Agent the
administrative fee for processing such assignment referred to in Section 13.8[.], (II) in the case of any such assignment resulting from a demand for compensation under clause (i) above, such assignment will
result in a reduction in such compensation or payments thereafter, and (III) in the case of any assignment resulting from a Lender failing to consent under clause (iii) above, the applicable assignee shall have consented to the applicable
amendment, waiver or modification. A Lender shall not be required to make any such assignment pursuant to this Section 13.12(b) if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Borrower to
require such assignment cease to apply. 
 [(b) If any Lender is an Affected Lender of the type described in Section 13.12(a)(iii) and (iv) (any such Lender, a “Non-Compliant Lender”), the Borrower may, with
the prior written consent of the Agent, and notwithstanding Section 10.3 of this Agreement or any other provisions requiring pro rata payments to the Lenders, elect to reduce any Commitments by an amount equal to the Non-Compliant Lender’s
Percentage of the Commitment of such Non-Compliant Lender and repay such Non-Compliant Lender an amount equal the principal amount of all Advances owing to it, all interest and fees accrued for its account through but excluding the date of such
repayment, and all other amounts payable to it hereunder (including without limitation, if demanded by the Non-Compliant Lender, the amount of any compensation that due to the Non-Compliant Lender under Sections 3.4(c), 11.1, 11.5 and 11.6 to but
excluding said date), payable (in immediately  

  
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available funds) in cash, so long as, after giving effect to the termination of Commitments and the repayments described in
this clause (b), any Fronting Exposure of such Non-Compliant Lender shall be reallocated among the Lenders that are not Non-Compliant Lenders in accordance with their respective Revolving Credit Percentages, but only to the extent that the sum of
the aggregate principal amount of all Revolving Credit Advances made by each such Lender, plus such Lender’s Percentage of the aggregate outstanding principal amount of Swing Line Advances and Letter of Credit Obligations prior to giving effect
to such reallocation plus such Lender’s Percentage of the Fronting Exposure to be reallocated does not exceed such Lender’s Percentage of the Revolving Credit Aggregate Commitment, and with respect to any portion of the Fronting Exposure
that may not be reallocated, the Borrower shall deliver to the Agent, for the benefit of the Issuing Lender and/or Swing Line Lender, as applicable, cash collateral or other security satisfactory to the Agent, with respect any such remaining
Fronting Exposure.] 
 [(c) If any Lender is a Non-Compliant Lender, the Borrower may, notwithstanding Section 10.3 of this Agreement or any other provisions requiring pro rata payments to the Lenders,
elect to repay all amounts owing to such a Non-Compliant Lender in connection with the Term Loan, so long as (i) no Default or Event of Default exists at the time of such repayment and (ii) after giving effect to any reduction in the
Revolving Credit Aggregate Commitment, payments on the Revolving Credit under clause (b) above and payments on the Term Loan under this clause (c), the Borrower shall have availability, on the date of the repayment, to borrow additional
Revolving Credit Advances under the Revolving Credit Aggregate Commitment of at least $5,000,000 (after taking into account the sum on such date of the outstanding principal amount of all Revolving Credit Advances, Swing Line Advances and Letter of
Credit Obligations)] 
 Notwithstanding anything in this Section 13.12(b) to the contrary, (i) any Lender that acts as an Issuing Lender may not be
replaced hereunder at any time it has any Letter of Credit outstanding hereunder unless arrangements satisfactory to such Lender (including the furnishing of a backstop standby letter of credit in form and substance, and issued by an issuer,
reasonably satisfactory to such Issuing Lender or the depositing of cash collateral into a cash collateral account in amounts and pursuant to arrangements reasonably satisfactory to such Issuing Lender) have been made with respect to such
outstanding Letter of Credit and (ii) the Lender that acts as the Agent may not be replaced hereunder. 

13.13 Withholding Taxes. 

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

  
 164 

 
documentation (other than such documentation set forth in Section 13.13(e)(ii)(A), (ii)(B) and (ii)(D) below) shall not be required if in the Lender’s reasonable judgment such
completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender. 

Without limiting the generality of the foregoing, in the event that the Borrower is a U.S. Borrower, 

 

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

  

	 	(B)	 any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the
Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the
Agent), whichever of the following is applicable: 

  

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

  

	 	(ii)	 executed originals of IRS Form W-8ECI; 

 

	 	(iii)	 in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under
Section 881(c) of the Internal Revenue Code, (x) a certificate substantially in the form of Exhibit N-1 to the effect that such Foreign Lender
is not a “bank” within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, a “10 percent shareholder” of [a]the Borrower within the meaning of Section 881(c)(3)(B) of the
Internal Revenue Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of
the Internal Revenue Code (a “U.S. Tax Compliance Certificate”) and (y) executed originals of IRS Form W-8BEN; or 

 

	 	(iv)	 to the extent a Foreign Lender is not the beneficial owner, executed originals of IRS Form W-8IMY,
accompanied by IRS Form W-

  
 165 

	 	 
8ECI, IRS Form W-8BEN, a U.S. Tax Compliance Certificate substantially in the form of Exhibit N-2 or Exhibit N-3, IRS Form W-9, and/or other certification documents from each beneficial owner, as
applicable; provided that if the Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate
substantially in the form of Exhibit N-4 on behalf of each such direct and indirect partner; 

  

	 	(C)	 any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the
Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the
Agent), executed originals of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by
applicable law to permit the Borrower or the Agent to determine the withholding or deduction required to be made; and 

  

	 	(D)	 if a payment made to a Lender or Agent under any Loan Document would be subject to U.S. federal withholding
Tax imposed by FATCA if such Lender or Agent 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 or Agent shall deliver to the Borrower and the Agent at the time or times prescribed by law and at
such time or times reasonably requested by the Borrower 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 additional documentation reasonably requested by the Borrower or the Agent as may be necessary for the Borrower and the
Agent to comply with their obligations under FATCA and to determine that such Lender or Agent has complied with such Lender’s or Agent’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely
for purposes of this clause (D), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

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

(b) Promptly upon notice from the Agent of any determination by the Internal Revenue Service that any payments previously made
to such Lender hereunder were subject to United States income tax withholding when made (or subject to withholding at a higher rate than that applied to such payments), such Lender shall pay to the Agent the excess of the aggregate amount required

  
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to be withheld from such payments over the aggregate amount (if any) actually withheld by the Agent, provided that, following any such payment, such Lender shall retain all of its rights and
remedies against the Borrower with respect thereto. 
 For purposes of this Section 13.13, the term “Lender” includes any
Issuing Lender and the term “applicable law” includes FATCA.

 13.14 WAIVER OF JURY TRIAL. THE AGENT AND THE BORROWER KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE ANY
RIGHT ANY OF THEM MAY HAVE TO A TRIAL BY JURY IN ANY LITIGATION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY RELATED INSTRUMENT OR AGREEMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT OR ANY COURSE OF CONDUCT, DEALING,
STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTION OF ANY OF THEM. NEITHER THE LENDERS, THE AGENT NOR THE BORROWER SHALL SEEK TO CONSOLIDATE, BY COUNTERCLAIM OR OTHERWISE, ANY SUCH ACTION IN WHICH A JURY TRIAL HAS BEEN WAIVED WITH ANY OTHER ACTION IN
WHICH A JURY TRIAL CANNOT BE OR HAS NOT BEEN WAIVED. THESE PROVISIONS SHALL NOT BE DEEMED TO HAVE BEEN MODIFIED IN ANY RESPECT OR RELINQUISHED BY THE LENDERS AND THE AGENT OR THE BORROWER EXCEPT BY A WRITTEN INSTRUMENT EXECUTED BY ALL OF THEM. 

13.15 USA Patriot Act Notice. Pursuant to Section 326 of the USA Patriot Act, the Agent and the Lenders hereby
notify the Credit Parties that if they or any of their Subsidiaries open an account, including any loan, deposit account, treasury management account, or other extension of credit with the Agent or any Lender, the Agent or the applicable Lender will
request the applicable Person’s name, tax identification number, business address and other information necessary to identify such Person (and may request such Person’s organizational documents or other identifying documents) to the extent
necessary for the Agent and the applicable Lender to comply with the USA Patriot Act. 
 13.16 Complete Agreement;
Conflicts. This Agreement, the Notes (if issued), any Requests for Revolving Credit Advance, Requests for Swing Line Advance and Term Loan Rate Requests, and the Loan Documents contain the entire agreement of the parties hereto, superseding all
prior agreements, discussions and understandings relating to the subject matter hereof, and none of the parties shall be bound by anything not expressed in writing. In the event of any conflict between the terms of this Agreement and the other Loan
Documents, this Agreement shall govern. 
 13.17 Severability. In case any one or more of the obligations of the
Credit Parties under this Agreement, the Notes or any of the other Loan Documents shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining obligations of the Credit Parties shall not
in any way be affected or impaired thereby, and such invalidity, illegality or unenforceability in one jurisdiction shall not affect the validity, legality or enforceability of the obligations of the Credit Parties under this Agreement, the Notes or
any of the other Loan Documents in any other jurisdiction. 
 13.18 Table of Contents and Headings; Section
References. The table of contents and the headings of the various subdivisions hereof are for convenience of reference only and shall in no 

  
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way modify or affect any of the terms or provisions hereof and references herein to “sections,” “subsections,” “clauses,” “paragraphs,”
“subparagraphs,” “exhibits” and “schedules” shall be to sections, subsections, clauses, paragraphs, subparagraphs, exhibits and schedules, respectively, of this Agreement unless otherwise specifically provided herein or
unless the context otherwise clearly indicates. 
 13.19 Construction of Certain Provisions. If any provision of this
Agreement or any of the Loan Documents refers to any action to be taken by any Person, or which such Person is prohibited from taking, such provision shall be applicable whether such action is taken directly or indirectly by such Person, whether or
not expressly specified in such provision. 
 13.20 Independence of Covenants. Each covenant hereunder shall be given
independent effect (subject to any exceptions stated in such covenant) so that if a particular action or condition is not permitted by any such covenant (taking into account any such stated exception), the fact that it would be permitted by an
exception to, or would be otherwise within the limitations of, another covenant shall not avoid the occurrence of a Default or an Event of Default. 

13.21 Electronic Transmissions. 
  

	 	(a)	 Each of the Agent, the Credit Parties, the Lenders, and each of their Affiliates is authorized (but not
required) to transmit, post or otherwise make or communicate, in its sole discretion, Electronic Transmissions in connection with any Loan Document and the transactions contemplated therein. The Borrower and each other Credit Party hereby
acknowledges and agrees that the use of Electronic Transmissions is not necessarily secure and that there are risks associated with such use, including risks of interception, disclosure and abuse and each indicates it assumes and accepts such risks
by hereby authorizing the transmission of Electronic Transmissions. 

  

	 	(b)	 All uses of an E-System shall be governed by and subject to, in addition to Section 13.6 and this
Section 13.21, separate terms and conditions posted or referenced in such E-System and related contractual obligations executed by the Agent, the Credit Parties and the Lenders in connection with the use of such E-System. 

 

	 	(c)	 All E-Systems and Electronic Transmissions shall be provided “as is” and “as available”.
None of the Agent or any of its Affiliates, nor the Borrower or any of its respective Affiliates warrants the accuracy, adequacy or completeness of any E-Systems or Electronic Transmission, and each disclaims all liability for errors or omissions
therein. No warranty of any kind is made by the Agent or any of its Affiliates, or the Borrower or any of its respective Affiliates in connection with any E-Systems or Electronic Transmission, including any warranty of merchantability, fitness for a
particular purpose, non-infringement of third-party rights or freedom from viruses or other code defects. The Agent, the Borrower and its Subsidiaries, and the Lenders agree that the Agent has no responsibility for maintaining

  
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or providing any equipment, software, services or any testing required in connection with any Electronic Transmission or otherwise required for any E-System. The Agent and the Lenders agree that
the Borrower has no responsibility for maintaining or providing any equipment, software, services or any testing required in connection with any Electronic Transmission or otherwise required for any E-System. 

13.22 Advertisements. The Agent and the Lenders may disclose the names of the Credit Parties and the existence of the
Indebtedness in general advertisements and trade publications. 
 13.23 Reliance on and Survival of Provisions. All
terms, covenants, agreements, representations and warranties of the Credit Parties to any of the Loan Documents made herein or in any of the Loan Documents or in any certificate, report, financial statement or other document furnished by or on
behalf of any Credit Party in connection with this Agreement or any of the Loan Documents shall be deemed to have been relied upon by the Lenders, notwithstanding any investigation heretofore or hereafter made by any Lender or on such Lender’s
behalf, and those covenants and agreements of the Borrower and the Lenders, as applicable, set forth in Sections
[[]3.9, 3.10,
10.5, 11.8(c), 11.10[, 12.7] and 13.5[]] hereof (together with any other indemnities of any Credit Party or Lender contained elsewhere in this Agreement or in any of the other Loan Documents) shall survive the repayment in full of the Indebtedness and
the termination of this Agreement and the other Loan Documents, including any commitment to extent credit thereunder. 

13.24 Acknowledgment and Consent to Bail-In of [EEA]
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 [EEA]Affected Financial Institution arising under any Loan Document, to the extent
such liability is unsecured, may be subject to the write down and conversion powers of an [EEA]Affected Resolution Authority and agrees and consents to, and acknowledges and
agrees to be bound by: 
  

	 	(a)	 the application of any Write-Down and Conversion Powers by an
[EEA]Affected Resolution Authority to any such liabilities arising hereunder which may be payable to
it by any party hereto that is an [EEA]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 [EEA]Affected Financial Institution, its parent undertaking, or a bridge institution that may be issued to
it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or 

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

13.25 Amendment and Restatement and Consolidation; Assignment and Assumptions. 

 

	 	(a)	 On the Effective Date, the Prior Credit Agreement shall be amended, restated and superseded in its entirety.
The parties hereto acknowledge and agree that (i) this Agreement, the Notes, and the other Loan Documents executed and delivered in connection herewith do not constitute a novation, payment and reborrowing, or termination of the
“Indebtedness” (as defined in the Prior Credit Agreement) under the Prior Credit Agreement as in effect prior to the Effective Date; (ii) such “Indebtedness” is in all respects continuing with only the terms thereof being
modified as provided in this Agreement; (iii) the Liens as granted under the Collateral Documents securing payment of such “Indebtedness” are in all respects continuing and in full force and effect and secure the payment of the
Indebtedness (as defined in this Agreement) and are hereby fully ratified and affirmed; and (iv) upon the effectiveness of this Agreement all existing Advances will be part of the Advances hereunder on the terms and conditions set forth in this
Agreement. Without limitation of the foregoing, Borrower hereby fully and unconditionally ratifies and affirms all Collateral Documents to which it is a party and agrees that all collateral granted thereunder shall from and after the date hereof
secure all Indebtedness hereunder. 

  

	 	(b)	 Notwithstanding the modifications effected by this Agreement of the representations, warranties and
covenants of Borrower contained in the Prior Credit Agreement, Borrower acknowledges and agrees that any causes of action or other rights created in favor of any Lender and its successors arising out of the representations and warranties of Borrower
contained in or delivered (including representations and warranties delivered in connection with the making of the loans or other extensions of credit thereunder) in connection with the Prior Credit Agreement shall survive the execution and delivery
of this Agreement; provided, however, that it is understood and agreed that Borrower’s monetary obligations under the Prior Credit Agreement in respect of the Advances and Letters of Credit thereunder are evidenced by this Agreement as provided
herein. All indemnification obligations of the Borrower pursuant to the Prior Credit Agreement (including any arising from a breach of the representations thereunder) shall survive the amendment and restatement of the Prior Credit Agreement pursuant
to this Agreement. 

  

	 	(c)	 On and after the Effective Date, (i) each reference in the Loan Documents (as defined in each of the
Prior Credit Agreement) to the “Credit Agreement”, “thereunder”, “thereof” or similar words referring to the Credit Agreement shall mean and be a reference to this Agreement and
(ii)

  
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each reference in the Loan Documents to a “Note” shall mean and be a Note as defined in this Agreement. 

13.26
Acknowledgment Regarding Any Supported QFCs. To the extent that the Loan Documents provide support, through a
guarantee or otherwise, for any Hedging Agreement or any other agreement or instrument that is a QFC (such support, “QFC Credit Support”, and each such QFC, a “Supported QFC”), the parties acknowledge and agree as follows with
respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder,
the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the
laws of the State of Michigan and/or of the United States or any other state of the United States): 
  

	 	(a)	 In the event a Covered Entity that is party
to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under
such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special
Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act
Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against
such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or
a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a
Supported QFC or any QFC Credit Support. 

  

	 	(b)	 As used in this Section 13.24, the
following terms have the following meanings: 

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

  
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“Covered
 Entity” shall mean any of the following: (i) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (ii) a “covered bank” as that term is defined in, and
interpreted in accordance with, 12 C.F.R. § 47.3(b); or (iii) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b).

“Default
 Right” has the meaning assigned to that term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable. 

“QFC”
 has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. 5390(c)(8)(D). 

[Signatures Follow On Succeeding Page] 

  
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 Annex I 

Applicable Margin Grid 

[See Fourth Amendment to Revolving Credit and Term Loan Agreement] 

 Annex II 

Percentages and Allocations 

[See Fourth Amendment to Revolving Credit and Term Loan Agreement] 

 Annex III 

Notices 
 Borrower and its
subsidiaries: 
 Montauk Energy Holdings, LLC 
 680
Andersen Drive, 5th Floor 
 Pittsburgh, PA 15220 

Telephone: 412-747-8718 
 Facsimile: 412-921-2867 

Attention: President 
 Borrower’s Counsel:

 Jones Day 
 500 Grant Street 

Suite 4500 
 Pittsburgh, PA 15219 

Telephone: 412-394-9540 
 Email: btrudgen@jonesday.com 

Attn: Brian Trudgen 
 Comerica Bank, As Lender and as
Agent: 
 Comerica Bank 
 411 West Lafayette 

7th Floor, MC3236 

Detroit, Michigan 48226 
 Telephone: (313) 222-6061 

Facsimile: (313) 222-9564 
 Attn: Tony G. Rice 

Agent’s Counsel: 
 Bodman PLC 

6th Floor at Ford Field 

1901 St. Antoine Street 
 Detroit, Michigan 48226 

Telephone: (313) 393-7509 
 Facsimile: (313) 393-7579

 Attn: Scott P. Gyorke

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