Document:

Exhibit

Exhibit 10.2

PERFORMANCE STOCK UNIT AGREEMENT
PURSUANT TO THE
BOISE CASCADE COMPANY 2016 INCENTIVE COMPENSATION PLAN
 
	
		
	 Participant:
	[                        ]

	 
	 

	Grant Date:
	February 22, 2019

 
Target Number of Performance Stock Units (the “Target PSUs”):    [                        ]
 
THIS PERFORMANCE STOCK UNIT AWARD AGREEMENT (this “Agreement”), dated as of the Grant Date above, is entered into by and between Boise Cascade Company, a corporation organized in the State of Delaware (the “Company”), and the Participant specified above, pursuant to the Boise Cascade Company 2016 Incentive Compensation Plan (the “Plan”). This Agreement is not enforceable until you accept the Agreement electronically.  Electronic acceptance constitutes your acknowledgment of receipt of the Award and your agreement to the terms of the Agreement.
 
1.    Incorporation by Reference; Plan Document Receipt.  This Agreement is subject in all respects to the terms and provisions of the Plan (including, without limitation, any amendments to the Plan adopted at any time unless such amendments are expressly intended not to apply to this Agreement), and the terms and provisions of the Plan are made a part of and incorporated in this Agreement as if they were set forth in this Agreement.  Any capitalized term not defined in this Agreement shall have the meaning given in the Plan.  The Participant acknowledges receipt of a copy of the Plan and that he or she has read the Plan carefully and fully understands it.  If there is any conflict between the terms of this Agreement and the terms of the Plan, the terms of the Plan control.
 
2.     Grant of Performance Stock Unit Award.  The Company grants to the Participant, as of the Grant Date, the number of PSUs specified above, as adjusted pursuant to Section 3(a).  Except as otherwise provided by the Plan, the Participant agrees and understands that nothing contained in this Agreement provides, or is intended to provide, the Participant with any protection against potential future dilution of the Participant’s interest in the Company for any reason.  No adjustments shall be made for dividends in cash or other property, distributions or other rights in respect of the shares of Common Stock underlying the PSUs, except as otherwise specifically provided for in the Plan or this Agreement.
 
3.     Vesting.  The PSUs subject to this Award are subject to both a time-based vesting condition (the “Time-Based Condition”) and a performance-based vesting condition (the “Performance Condition”).  None of the PSUs shall vest unless and until both the Time-Based Condition and the Performance Condition are satisfied.  
 
(a)     Performance Condition.  The Performance Condition is based upon the Company’s ROIC for the 2019 calendar year (the “Performance Period”).  Following the end of the Performance Period, but in no event later than March 1, 2020, the Committee shall certify the Company’s ROIC for the 2019 calendar year, and based on the level of ROIC achieved and the table below, shall determine the percentage of Target PSUs that are earned ( the “Earned PSUs”).
 
	
					
	Level of Performance
	 
	2019 ROIC
	 
	Percentage of Target PSUs 
that become Earned PSUs

	Maximum
	 
	13.7%
	 
	200% (the Maximum Shares)

	Target
	 
	8.6%
	 
	100%

	Threshold
	 
	3.8%
	 
	50%

 

(i)    The percentage of Target PSUs that become Earned PSUs for actual ROIC between the Threshold level and the Target level or between the Target level and the Maximum level shall be determined on a pro rata basis using straight line interpolation.  If actual ROIC is less than Threshold, none of the PSUs shall become Earned PSUs and no further rights shall exist under this Agreement.  The number of Earned PSUs shall not exceed 200% of Target PSUs.
 
(ii)    ROIC.  For purposes of this Agreement, “ROIC” is defined in Exhibit A.
 
(iii)    Change in Control.  If a Change in Control occurs during the Performance Period, then the number of Earned PSUs shall equal the number of Target PSUs; provided however that this Section 3(a)(iii) shall not apply if the PSUs are replaced by an equivalent award providing for accelerated vesting in connection with the Participant’s Termination following the Change in Control, as determined by the Committee in its sole discretion.
 
(b)     Time-Based Condition.  

(i)     Vesting Date.  Earned PSUs will satisfy the Time-Based Condition and vest on March 1, 2022 (the Vesting Date).  Except as otherwise provided in this Section 3(b), a Participant must be employed on the Vesting Date to vest in the Earned PSUs.  If a Participant incurs a Termination prior to the Vesting Date other than as provided in this Section 3(b), all Earned PSUs will be forfeited immediately following the Participant’s Termination.

(ii)    No Partial Vesting.  Except as provided pursuant to Section 3(b)(v), there shall be no proportionate or partial vesting prior to the Vesting Date.  
 
(iii)     Change in Control.  If a Change in Control which constitutes a “change in the ownership of the corporation,” a “change in effective control of the corporation,” or a “change in the ownership of a substantial portion of the assets of the corporation,” as those terms are defined pursuant to Section 409A of the Internal Revenue Code and the regulations thereunder, occurs prior to the Vesting Date, then the Time-Based Condition shall be satisfied for all Earned PSUs as of the date of the Change in Control and the Earned PSUs shall vest as of the date of the Change in Control, so long as the Participant has not incurred a Termination prior to the Change in Control; provided that this Section 3(b)(iii) shall not apply if the PSUs are replaced by an equivalent award providing for accelerated vesting in connection with the Participant’s Termination following the Change in Control, as determined by the Committee in its sole discretion.
 
(iv)    Termination due to death or Disability.  In the event of a Participant’s Termination due to death or Disability during the Performance Period, then the Time-Based Condition shall be satisfied as of the date of death or Disability for all PSUs and the PSUs shall remain outstanding and shall have the opportunity to satisfy the Performance Condition and become Earned PSUs.  In the event of a Participant’s Termination due to death or Disability after the Performance Period, the Time-Based Condition shall be satisfied as of the date of death or Disability for all Earned PSUs.  

(v)    Termination due to Retirement.  In the event of a Participant’s Retirement at any time prior to the Vesting Date, a pro rata portion of the Earned PSUs shall be deemed to have satisfied the Time-Based Condition as of the later of March 1, 2020 or the Participant’s Retirement date.  The pro rata portion shall be calculated as the number of Earned PSUs multiplied by a fraction, the numerator of which is the number of full calendar months elapsed from March 1, 2019 through the Participant’s Retirement date, and the denominator of which is 36.  For purposes of this Agreement, “Retirement” means the Participant’s Termination after attainment of age 62 and completion of at least 15 years of employment with the Company and its predecessors, or age 65 and completion of at least 5 years of employment with the Company and its predecessors.  

(c)    Vested PSUs.  PSUs that have satisfied both the Time-Based Condition and the Performance Condition are referred to as “Vested PSUs”.

 
4.     Payment.
 
(a)    General.  Vested PSUs will be paid to the Participant in whole shares of Common Stock.
 
(b)    Time of Payment.  The designated payment date for purposes of Section 409A of the Internal Revenue Code and the regulations thereunder shall be March 1, 2022 for Earned PSUs vesting pursuant to Section 3(b)(i) and Section 3(b)(v); the date of Change in Control for Earned PSUs vesting pursuant to Section 3(b)(iii); and the date of death or Disability for Earned PSUs vesting pursuant to Section 3(b)(iv).  Delivery of shares pursuant to this Agreement shall be made as soon as practicable following the designated payment date, and in any case by the later of December 31st of the calendar year in which such designated payment date occurs or the 15th day of the third calendar month following the designated payment date.  
 
5.    Dividends; Rights as Stockholder.  Cash dividends on shares of Common Stock underlying the PSUs shall be credited to a dividend book entry account on behalf of the Participant, provided that any cash dividends shall be held uninvested and without interest, shall be subject to the same vesting conditions as the PSUs to which they relate, and shall be paid in cash at the same time that the shares of Common Stock underlying the Vested PSUs (if any) are delivered to the Participant in accordance with Section 4.  Stock dividends on shares of Common Stock underlying the PSUs shall be credited to a dividend book entry account on behalf of the Participant, provided that any stock dividends shall be subject to the same vesting conditions as the PSUs to which they relate, and shall be paid in shares of Common Stock at the same time that the shares of Common Stock underlying the Vested PSUs (if any) are delivered to the Participant in accordance with Section 4.  The Participant shall have no rights as a stockholder with respect to any shares of Common Stock underlying any PSU unless and until the Participant has become the holder of record of such shares.
 
6.    Non-Transferability.  No portion of the PSUs (or the shares of Common Stock underlying the PSUs) may be sold, assigned, transferred, encumbered, hypothecated or pledged by the Participant, other than to the Company as a result of forfeiture of the PSUs as provided in Section 3, unless and until the shares are delivered to the Participant in accordance with Section 4 and the Participant has become the holder of record of the shares.
 
7.    Governing Law.  All questions concerning the construction, validity and interpretation of this Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware, without regard to choice of law provisions.
 
8.    Tax Withholding.  The Company may deduct or withhold, or require the Participant to remit to the Company, an amount sufficient to satisfy any federal, state, local and foreign taxes of any kind (including, but not limited to, the Participant’s FICA and SDI obligations) which the Company, in its sole discretion, deems necessary to be withheld or remitted to comply with the Code and/or any other applicable law, rule or regulation with respect to the PSUs.  If the Participant fails to remit any amounts requested by the Company, the Company may otherwise refuse to issue or transfer any shares of Common Stock otherwise required to be issued pursuant to this Agreement.  The Participant acknowledges that if he or she is or becomes Retirement-eligible or Retires prior to the Vesting Date, FICA and SDI obligations may apply prior to any payment pursuant to Section 4.  Any minimum statutory required withholding obligation with regard to the Participant shall be satisfied by reducing the amount of cash or shares of Common Stock otherwise deliverable to the Participant.
 
9.    Securities Representations.  This Agreement is being entered into by the Company in reliance upon the following express representations and warranties of the Participant.  The Participant acknowledges, represents and warrants that:
 
(a)    The Participant has been advised that the Participant may be an “affiliate” within the meaning of Rule 144 under the Securities Act and in this connection the Company is relying in part on the Participant’s representations set forth in this Section 9.

 
(b)    If the Participant is deemed an affiliate within the meaning of Rule 144 of the Securities Act, the shares of Common Stock issuable hereunder must be held indefinitely unless an exemption from any applicable resale restrictions is available or the Company files an additional registration statement (or a “re-offer prospectus”) with regard to such shares of Common Stock and the Company is under no obligation to register such shares of Common Stock (or to file a “re-offer prospectus”).
 
(c)    If the Participant is deemed an affiliate within the meaning of Rule 144 of the Securities Act, the Participant understands that (i) the exemption from registration under Rule 144 will not be available unless (A) a public trading market then exists for the Common Stock of the Company, (B) adequate information concerning the Company is then available to the public, and (C) other terms and conditions of Rule 144 or any exemption therefrom are complied with, and (ii) any sale of the shares of Common Stock issuable hereunder may be made only in limited amounts in accordance with the terms and conditions of Rule 144 or any exemption therefrom.
 
10.    Entire Agreement; Amendment.  This Agreement, together with the Plan, contains the entire agreement between the parties with respect to the grant of PSUs, and supersedes all prior agreements or prior understandings, whether written or oral, between the parties relating to such subject matter.  The Committee may, in its sole discretion, modify or amend this Agreement from time to time in accordance with and as provided in the Plan.  This Agreement may also be modified or amended by a writing signed by both the Company and the Participant.  The Company shall give written notice to the Participant of any such modification or amendment of this Agreement as soon as practical after the adoption of the modification or amendment.
 
11.    Notices.  Any notice by the Participant shall be given to the General Counsel of the Company in writing and such notice shall be deemed duly given upon receipt by the General Counsel.  Any notice by the Company shall be given to the Participant in writing and such notice shall be deemed duly given upon receipt at the address the Participant has on file with the Company.
 
12.     No Right to Employment.  Nothing in this Agreement shall interfere with or limit in any way the right of the Company, its Subsidiaries or its Affiliates to terminate the Participant’s employment or service at any time, for any reason and with or without Cause.  Any questions as to whether and when there has been a Termination and the cause of such Termination shall be determined in the sole discretion of the Committee.
 
13.    Transfer of Personal Data.  The Participant authorizes, agrees and unambiguously consents to the transmission by the Company (or any Subsidiary) of any personal data information related to the PSUs awarded under this Agreement for legitimate business purposes (including, without limitation, the administration of the Plan).  This authorization and consent is freely given by the Participant.
 
14.     Compliance with Laws.  The grant of PSUs and the issuance of shares of Common Stock hereunder shall be subject to, and shall comply with, the requirements of any applicable foreign and U.S. federal and state laws, rules and regulations (including, without limitation, the provisions of the Securities Act, the Exchange Act and in each case the rules and regulations promulgated thereunder) and any applicable securities exchange requirement.  The Company shall not be obligated to issue the PSUs or any shares of Common Stock pursuant to this Agreement if issuance would violate any applicable requirements.  As a condition to the settlement of the PSUs, the Company may require the Participant to satisfy any qualifications that the Company may deem necessary or appropriate to evidence compliance with any applicable law or regulation.
 
15.    Binding Agreement; Assignment.  This Agreement shall inure to the benefit of, be binding upon, and be enforceable by the Company and its successors and assigns.  The Participant shall not assign (except in accordance with Section 6) any part of this Agreement without the prior express written consent of the Company.
 
16.    Counterparts.  This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which shall constitute one and the same instrument.

 
17.    Further Assurances.  Each party shall do and perform (or shall cause to be done and performed) all further acts and shall execute and deliver all other agreements, certificates, instruments and documents as either party may reasonably request in order to carry out the intent and accomplish the purposes of this Agreement and the Plan and the consummation of the transactions contemplated hereunder.
 
18.     Severability.  The invalidity or unenforceability of any provisions of this Agreement in any jurisdiction shall not affect the validity, legality or enforceability of the remainder of this Agreement in that jurisdiction or the validity, legality or enforceability of any provision of this Agreement in any other jurisdiction, it being intended that all rights and obligations of the parties shall be enforceable to the fullest extent permitted by law.
 
19.    Acquired Rights.  The Participant acknowledges and agrees that: (a) the Company may terminate or amend the Plan at any time; (b) the Award of PSUs made under this Agreement is completely independent of any other award or grant and is made at the sole discretion of the Company; (c) no past grants or awards (including, without limitation, the PSUs awarded under this Agreement) give the Participant any right to any grants or awards in the future; and (d) any benefits granted under this Agreement are not part of the Participant’s ordinary salary, and shall not be considered as part of such salary in the event of severance, resignation or any other Termination.
 
20.    Clawback.  The rights contained in this Agreement shall be subject to (i) any right that the Company may have under any Company recoupment policy or other agreement or arrangement with the Participant, or (ii) any right or obligation that the Company may have regarding the clawback of incentive-based compensation under Section 10D of the Exchange Act, as amended (as determined by the rules and regulations promulgated thereunder from time to time by the U.S. Securities and Exchange Commission) or other applicable law.
  

 EXHIBIT A 
ROIC
 
“ROIC”, or Return on Invested Capital, for any period means, as determined by the Committee in its good faith sole discretion, Net Operating Profit After Taxes (“NOPAT”) divided by average invested capital.
 
(1)    NOPAT means net income plus after-tax financing expense.  
 
(2)    Invested capital means capitalized lease expense plus total assets, less current liabilities excluding short term debt.  Average invested capital means a rolling thirteen month average of invested capital.Exhibit 10.1

 

EXECUTION VERSION

 

STANDSTILL AGREEMENT AND FIRST AMENDMENT
TO LOAN AGREEMENT

 

THIS STANDSTILL AGREEMENT
AND FIRST AMENDMENT TO LOAN AGREEMENT (this “Agreement”) is made as of May 6, 2019, by and among AKORN, INC.,
a Louisiana corporation (the “Company”), the other Loan Parties under the Loan Agreement (as defined below),
an ad hoc group of Lenders (as defined below) identified on Exhibit A hereto, which constitute the “Required Lenders”
under the Loan Agreement (collectively, the “Ad Hoc Group”), certain other Lenders, and the Administrative Agent
(as defined below). The Administrative Agent, the Ad Hoc Group, the other Lenders party hereto (collectively, with the Ad Hoc Group,
the “Standstill Lenders”), the Company and the other Loan Parties shall be referred to collectively as the “Standstill
Parties”, and each shall be referred to individually as a “Standstill Party.” Capitalized terms used
herein and not otherwise defined shall have the meanings ascribed thereto in the Loan Agreement.

 

RECITALS

 

WHEREAS, the
Company, the other Loan Parties, the financial institutions from time to time parties thereto as “Lenders” (collectively,
the “Lenders” and each, a “Lender”) and JPMorgan Chase Bank, N.A., as administrative agent
(the “Administrative Agent”), have entered into that certain Loan Agreement dated as of April 17, 2014 (as the
same shall have been amended, supplemented or otherwise modified from time to time, the “Loan Agreement”), pursuant
to which, among other things, the Lenders have made certain loans, advances, and other financial accommodations to the Company;

 

WHEREAS, the
Standstill Lenders constitute “Required Lenders” as that term is defined under the Loan Agreement;

 

WHEREAS, the
Standstill Lenders and the Company have engaged in good faith, arms-length negotiations regarding a proposed standstill agreement
solely with respect to the Lenders’ rights and remedies under the Loan Agreement or the other Loan Documents as a result
of any alleged Event of Default arising from any alleged breach of any of the covenants contained in Sections 5.01, 5.02, 5.03,
5.06 or 5.07 of the Loan Agreement (the “Specified Covenants”), to the extent the facts and circumstances giving
rise to any such breach (i) are publicly available as of the date of this Agreement, or (ii) are not publicly available but have
been disclosed in writing (x) to private side Lenders via IntraLinks; or (y) to Jones Day and/or Greenhill & Co. (“Greenhill”),
as legal counsel and financial advisor, respectively, to the Ad Hoc Group (collectively, the “Ad Hoc Group Advisors”)
(such facts and circumstances described in clauses (i) and (ii), (including, for the avoidance of doubt, the existence of this
Agreement) the “Specified Matters”);

 

WHEREAS, as
a result of these negotiations (and in the case of the Administrative Agent, as a result of the direction of the Required Lenders
to the Administrative Agent set forth in Section 12 hereof), the Company and the other Loan Parties have requested, and the Standstill
Lenders have agreed, solely with respect to the Specified Matters, to enter into this Agreement solely for the Standstill Period
(as defined below), subject to and in accordance with the terms and conditions set forth herein; and

 

    	 	 	 

     

    

 

WHEREAS, the
Company and the other Loan Parties have further requested, and the Standstill Lenders have agreed, subject to the terms and conditions
set forth in this Agreement, to amend the Loan Agreement as set forth herein.

 

NOW, THEREFORE,
in consideration of the covenants and agreements contained herein, and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, each Standstill Party, intending to be legally bound hereby, agrees as follows:

 

		1.	Incorporation of Recitals; No Waiver; No Admission of Liability.

 

		(a)	Incorporation of Recitals. The Recitals to this Agreement are hereby incorporated by reference
as fully set forth herein and the Company, the other Loan Parties, the Administrative Agent, and the Lenders acknowledge these
Recitals to be true and correct.

 

		(b)	No Waiver. Nothing in this Agreement should in any way be deemed a waiver of any Default
or Event of Default relating to any Specified Matter or any other Default, Event of Default, or term or provision of the Loan Agreement
or any of the other Loan Documents. The Administrative Agent and the Lenders have not waived or released, are not by this Agreement
waiving or releasing, and have no present intention of waiving or releasing, any Defaults or Events of Default relating to the
Specified Matters, or any other Defaults or Events of Default that may have occurred prior to the date hereof or that may occur
after the date hereof, or any remedies or rights of the Administrative Agent or the Lenders with respect thereto, all of which
are hereby reserved. Any waiver of any Defaults or Events of Default relating to the Specified Matters or any other Default or
Event of Default shall only be effective if set forth in a written instrument executed and delivered in accordance with the provisions
of Section 9.02 of the Loan Agreement.

 

		(c)	No Admission of Liability. The execution of this Agreement and the fulfillment of its terms
is not to be construed as and does not constitute an admission or absence of any right, remedy, claim, defense, liability or wrongdoing
or responsibility on the part of any Standstill Party. Entry into this Agreement shall not constitute an admission by the Company
or any other Loan Party to the occurrence or non-occurrence of a Default or Event of Default, including with respect to the Specified
Matters. The Standstill Lenders hereby acknowledge that, as of the Effective Date, to the best of their knowledge, they are not
aware of any potential Defaults or Events of Default other than with respect to the Specified Covenants relating to the Specified
Matters.

 

		2.	Standstill Period. The “Standstill Period” shall mean the period of time
from the Effective Date through the earliest of (i) December 13, 2019 (such date, the “Termination Date”), (ii)
upon the delivery of a notice of termination of the Standstill Period by the Required Lenders (which may be delivered in their
sole discretion), the occurrence of a Default or Event of Default under the Loan Agreement or the other Loan Documents, or (iii)
upon the delivery of a notice of termination of the Standstill Period by the Required Lenders (which may be delivered in their
sole discretion), the termination of this Agreement as a result of any breach of, or non-compliance with, any provision of this
Agreement by the Company or any other Loan Party, including without limitation any such breach or non-compliance of or with any
Affirmative Covenant, Negative Covenant, Milestone, or Other Covenant (each as defined herein) by the Company or any other Loan
Party, subject, in each case, to any applicable cure period expressly set forth herein (each, a “Standstill Event of Default”),
excluding with respect to clause (ii), for the avoidance of doubt, any Default or Event of Default relating to a Specified Matter
(the foregoing period, the “Standstill Period”). The occurrence of any one of the events described in clauses
(i), (ii), and (iii) of this Section 2 shall constitute a “Termination Event” hereunder.

 

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		3.	Standstill. Subject to the terms and conditions herein set forth and in reliance upon the
Company’s and the other Loan Parties’ representations, acknowledgments, agreements and warranties herein contained,
including, without limitation, the satisfaction of the conditions precedent set forth in Section 9 herein, the Standstill Parties
agree that during the Standstill Period, neither the Administrative Agent nor the Lenders shall (i) declare, and such parties shall
be prohibited from declaring, any Event of Default under the Loan Agreement or the other Loan Documents or (ii) otherwise seek
to exercise any rights or remedies under the Loan Agreement or the other Loan Documents, in each case of clauses (i) and (ii) above,
to the extent directly relating to any Specified Matter. The Administrative Agent’s and the Lenders’ agreement to standstill
is temporary and limited in nature and shall not be deemed: (i) to preclude or prevent the Administrative Agent or the Standstill
Lenders from exercising any rights and remedies under the Loan Documents, applicable law or otherwise arising on account of (A)
any Default or Event of Default other than those with respect to the Specified Matters, (B) the Specified Matters from and after
the termination of the Standstill Period following the occurrence of a Standstill Event of Default, (C) the Specified Matters from
and after the Termination Date, or (D) the right to seek payment of attorneys’ fees, financial advisor fees, and other costs
and expenses in connection with the preparation, negotiation, execution and delivery of this Agreement and the exercise of the
rights and remedies described herein or otherwise in connection with the Loan Documents; (ii) to effect any amendment of the Loan
Agreement or any of the other Loan Documents, all of which shall remain in full force and effect in accordance with their respective
terms, as modified hereby; (iii) to constitute a waiver of any Default or Event of Default relating to the Specified Matters or
any other Default or Event of Default (whether now existing or hereafter occurring) or any term or provision of the Loan Agreement
or any of the other Loan Documents; or (iv) to establish a custom or course of dealing among any Loan Party, the Administrative
Agent and the Standstill Lenders.

 

		4.	Termination of Agreement. Except as expressly set forth herein, this Agreement and all provisions
herein, shall terminate upon the occurrence of a Termination Event.

 

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		5.	Affirmative Covenants. Until the occurrence of a Termination Event, the Company and the
other Loan Parties covenant and agree that during the Standstill Period, the Company will (the “Affirmative Covenants”):

 

		(a)	furnish monthly 3-statement financials and Key Performance Indicators (“KPI”)
reporting included in the Company’s management reporting to the Ad Hoc Group Advisors (which reporting shall include volume
and pricing for the top 30 products and plant KPIs), in each case no later than thirty (30) days after the end of each month;

 

		(b)	beginning with the first month following the delivery of the Business Plan (as defined herein),
furnish, by the tenth (10) Business Day of each month, monthly reports regarding pending Abbreviated New Drug Applications (“ANDAs”)
to the Ad Hoc Group Advisors, which reports shall include ANDAs submitted to the FDA (as defined below) and the status of FDA approvals
with respect thereto, estimated market size and known competitor information for each such ANDA, and a good faith estimate of the
timing of the approval of each such ANDA and related competitive approvals; provided that any molecules names appearing
therein may be redacted;

 

		(c)	on or prior to the 10th calendar day of each month (or the first Business Day thereafter),
conduct monthly telephone conferences with all Lenders and permit questions from such Lenders and answers, with such telephone
conferences being split into (1) a Public-Siders and non-Public-Siders portion and (2) a solely non-Public-Siders portion; provided
that (i) questions from the Lenders shall be provided to the Company in writing no later than two (2) Business Days in advance
and (ii) for the avoidance of doubt, the Company shall not be obligated to disclose any material non-public information during
the Public-Siders and non-Public-Siders portion of such telephone conferences;

 

		(d)	on or prior to the 10th calendar day of each month (or the first Business Day thereafter),
conduct monthly telephone conferences solely with the Ad Hoc Group Advisors and any Lenders which have become “restricted”
and are then subject to non-disclosure agreements in customary form reasonably satisfactory to the Company (collectively, the “Restricted
Lenders”) with the Company and permit questions from the Ad Hoc Group Advisors and Restricted Lenders and answers; provided
that, to the extent the Restricted Lenders monthly telephone conference is combined with the Public-Siders/non-Public-Siders telephone
conference outlined in Section 5(c) hereof, such telephone conference will include a separate portion solely for Restricted Lenders;
provided further that questions from the Ad Hoc Group Advisors and Restricted Lenders shall be provided to the Company in
writing no later than two (2) Business Days in advance;

 

		(e)	promptly provide the Ad Hoc Group Advisors with copies of any material (i) correspondence received
from the United States Food and Drug Administration (“FDA”), and (ii) cover letters to reports delivered to
the FDA, in each case solely with regard to any FDA Form 483 or warning letter;

 

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		(f)	promptly upon receipt by the Company or the other Loan Parties, provide to the Ad Hoc Group Advisors
copies of any warning letter(s), Official Action Indicated, or OAI, statuses, or similar regulatory actions by Swissmedic or the
Central Drugs Standard Control Organization, or CDSCO, regarding those certain manufacturing facilities operated by the Company
and its Subsidiaries in Amityville, New York, Hettlingen, Switzerland, and Paonta Sahib, Himachal Pradesh, India, and those certain
research and development centers operated by the Company and its Subsidiaries in Vernon Hills, Illinois and Cranbury, New Jersey;

 

		(g)	promptly upon preparation or receipt, provide to the Ad Hoc Group Advisors formal minutes for any
FDA meeting or call to the extent made available to, or prepared by, the Company or the other Loan Parties; provided that
the Company will be entitled to redact confidential or privileged information contained therein;

 

		(h)	(i) on or before the 3rd Business Day of each month, provide the Ad Hoc Group Advisors with monthly
Quality System Corrective Action Plan, or QSCAP, update reports, (ii) arrange for monthly update calls between the Ad Hoc Group
Advisors and the Company’s regulatory counsel, and (iii) arrange for (A) monthly update calls with NSF Pharma Biotech (“NSF”),
and (B) any other calls with the Company’s cGMP consultants to be scheduled at the reasonable request of the Ad Hoc Group
Advisors; provided that the Company shall use commercially reasonable efforts to organize expedited calls among the Company’s
third-party cGMP consultants and the Ad Hoc Group Advisors when reasonably requested by the Ad Hoc Group Advisors;

 

		(i)	provide updates no later than the 3rd Business Day of each week to the Ad Hoc Group Advisors regarding
the ABL Credit Agreement1 refinancing
and/or extension process, including providing copies of any term sheets with respect thereto (subject to any confidentiality restrictions,
and, to the extent required by any such confidentiality restrictions, the consent of the lenders and/or other parties to any such
refinancing or extension process);

 

		(j)	promptly provide notice to the Ad Hoc Group Advisors in the event that the Company markets any
non-traditional financing to replace or refinance the ABL Credit Agreement and provide the Standstill Lenders the opportunity to
participate in any such marketing process; and

 

		(k)	continue to retain PJT Partners and AlixPartners consistent with the terms of their respective
engagement agreements as in effect on the date hereof, or, if PJT Partners and AlixPartners are no longer retained by the Company,
such other financial and restructuring advisors reasonably acceptable to the Ad Hoc Group.

 

The failure to comply with any
of the Affirmative Covenants shall not constitute a Default or Event of Default under the Loan Agreement or the other Loan Documents,
but shall, following the Cure Period (defined below), constitute a Standstill Event of Default that permits the Required Lenders
to declare a Termination Event. “Cure Period” shall mean five (5) Business Days after the earlier of (x) the
Company’s knowledge of its breach or failure to comply or (y) notice thereof from the Administrative Agent (which notice
shall be given solely at the request of the Required Lenders).

 

 

 

	1	“ABL Credit Agreement” means that certain Amended and Restated Credit Agreement
dated as of April 16, 2019, by and among the Company, the other Loan Parties party thereto, JPMorgan Chase Bank, N.A., as administrative
agent, and the lenders party thereto (as the same may be amended, supplemented or otherwise modified from time to time).

 

    	 	5	 

     

    

 

		6.	Negative Covenants. Until the occurrence of a Termination Event, the Company and the other
Loan Parties covenant and agree that during the Standstill Period the Company shall not, and shall not permit any Restricted Subsidiary
to, directly or indirectly (the “Negative Covenants”):

 

		(a)	create, incur, assume, or suffer to exist any Permitted Ratio Indebtedness pursuant to Section
6.01(l) of the Loan Agreement, any Indebtedness pursuant to Section 6.01(f) of the Loan Agreement, or any Incremental Term Facilities
pursuant to Section 2.09 of the Loan Agreement, Incremental Term Loans pursuant to Section 2.09 of the Loan Agreement or Incremental
Notes pursuant to Section 2.09 of the Loan Agreement or in each case, create, incur, assume or suffer to exist, any Lien in connection
with the foregoing; provided, however, that any such Indebtedness (excluding, other than with respect to any Loans
outstanding under the Loan Agreement as of the date hereof, any refinancing of any such Indebtedness) created, incurred, assumed
or in existence prior to the Effective Date pursuant to, and in reliance on, such sections shall be permitted to remain outstanding;

 

		(b)	create, incur, assume, or permit to exist any Liens:

 

		(i)	pursuant to Section 6.02(l) of the Loan Agreement securing Indebtedness or other obligations in
excess of $10 million in the aggregate; or

 

		(ii)	pursuant to Section 6.02(k) of the Loan Agreement or with respect to any Incremental Term Facilities,
Incremental Term Loans or Incremental Notes; and

 

		(iii)	arising out of Sale and Leaseback Transactions (as defined in the Loan Agreement) permitted by
Section 6.06 of the Loan Agreement in excess of $10,000,000 pursuant to Section 6.02(h) of the Loan Agreement.

 

provided, however,
that any such Liens (excluding, for the avoidance of doubt, any Liens in respect of refinancing Indebtedness prohibited under Section
6(a) hereof) created, incurred, assumed or in existence prior to the Effective Date pursuant to, and in reliance on, such sections
shall be permitted to remain in effect;

 

		(c)	purchase, hold, or acquire any investment:

 

		(i)	in Equity Interests in a non-Loan Party pursuant to Section 6.04(c) of the Loan Agreement;

 

		(ii)	constituting a loan or advance to a non-Loan Party pursuant to Section 6.04(d) of the Loan Agreement;

 

    	 	6	 

     

    

 

		(iii)	constituting a Guarantee of Indebtedness of a non-Loan Party pursuant to Section 6.04(e) of the
Loan Agreement;

 

		(iv)	pursuant to Section 6.04(j) of the Loan Agreement; provided that such investment shall be
permissible (x) if limited to all cash consideration or (y) in the case of any (A) out-licensing transactions or other sale of
revenue stream rights, up-front payments, milestones, royalties, profit shares, distribution fees, or similar arrangements with
respect to core assets, if consummated with the prior written consent of the Required Lenders at such time (which may be withheld
in their sole discretion), or (B) out-licensing transactions or other sale of revenue stream rights, up-front payments, milestones,
royalties, profit shares, distribution fees, or similar arrangements with respect to non-core assets if consummated with the prior
written consent of Required Lenders at such time (which consent shall not be unreasonably withheld or delayed); provided,
however, that no consent of the Required Lenders shall be required in connection with out-licensing transactions or other
sales of revenue stream rights, up-front payments, milestones, royalties, profit shares, distribution fees, or similar arrangements,
with fair market value not in excess of $5 million in the aggregate, with respect to dormant or not fully developed ANDAs and/or
products;

 

		(v)	constituting a Permitted Acquisition pursuant to Section 6.04(l) of the Loan Agreement; provided
that (x) the Company and its Restricted Subsidiaries may consummate Drug Acquisitions in an amount not exceeding $7.5 million
in the aggregate, and (y) the Company and its Restricted Subsidiaries may consummate Permitted Acquisitions other than Drug Acquisitions
in an amount not exceeding $7.5 million in the aggregate (or, with respect to any such Permitted Acquisitions by non-Loan Parties,
not exceeding $2.5 million in the aggregate);

 

		(vi)	constituting Permitted Foreign Loans pursuant to Section 6.04(m) of the Loan Agreement; or

 

		(vii)	utilizing the Available Amount pursuant to Section 6.04(n) of the Loan Agreement.

 

provided, however,
that any investments purchased, held or acquired (or made pursuant to contractual commitments in effect) prior to the Effective
Date pursuant to, and in reliance on, such sections shall not be limited by this Section 6(c);

 

		(d)	utilize any asset sale reinvestment rights pursuant to Section 2.11(c) of the Loan Agreement;

 

		(e)	make a Discounted Voluntary Prepayment pursuant to Section 2.11(g) of the Loan Agreement or acquire
any Loans pursuant to Section 9.04(e) of the Loan Agreement; provided that such Discounted Voluntary Prepayments and acquisitions
shall be permissible if offered to all Lenders at such time;

 

    	 	7	 

     

    

 

		(f)	make any Extension Offers to any Lenders or enter into any Extensions with any Lenders, in each
case pursuant to Section 2.23 of the Loan Agreement; provided that such Extension Offers and Extensions shall be permissible
if offered to all Lenders at such time;

 

		(g)	declare or make, or agree to declare or make, directly or indirectly, any Restricted Payment or
prepayment of any Specified Indebtedness, in each case utilizing the Available Amount, pursuant to Section 6.08(a) or Section 6.08(b)
of the Loan Agreement;

 

		(h)	other than with respect to assets owned by Akorn India Private Limited (or the Equity Interests
therein), sell, transfer, lease, or otherwise dispose of assets pursuant to Section 6.05(h) of the Loan Agreement with an aggregate
book value in excess of $15 million;

 

		(i)	sell, transfer, lease, or otherwise dispose of assets pursuant to Section 6.05(e) of the Loan Agreement
or engage in Sale and Leaseback Transactions pursuant to Section 6.06 of the Loan Agreement; or

 

		(j)	without prior written consent of the Required Lenders at such time, (i) designate any Restricted
Subsidiary as an Unrestricted Subsidiary pursuant to Section 5.12 of the Loan Agreement, or otherwise create or form any Unrestricted
Subsidiary, and/or (ii) transfer any assets of the Company or any of its Restricted Subsidiaries to any Unrestricted Subsidiary,
except as otherwise permitted under the Loan Agreement (after giving effect to this Agreement).

 

Notwithstanding the foregoing,
the Company and its Restricted Subsidiaries may incur Indebtedness of the type set forth in Section 6.01(f) of the Loan Agreement
and make investments in Equity Interests of non-Loan Parties of the type set forth in Section 6.04(c) of the Loan Agreement in
an aggregate amount not exceeding $15,000,000 in order to fund capital expenditures and operations of non-Loan Party Subsidiaries.

 

For the avoidance of doubt, any
breach of, or failure to comply with any of the Negative Covenants set forth above shall result in an Event of Default under the
Loan Agreement and the Loan Documents.

 

		7.	Milestones. Until the occurrence of a Termination Event, the Company shall, or shall cause,
the following to occur by the times and dates set forth below, during the Standstill Period (the “Milestones”);
provided that any “delivery” required under the Milestones shall only require delivery to the Ad Hoc Group Advisors,
and shall be in form and scope reasonably satisfactory to the Ad Hoc Group Advisors.

 

		(a)	The Company shall deliver a 13-week cash flow forecast on a monthly basis commencing on April 18,
2019, with each subsequent 13-week cash flow forecast delivered on or prior to the tenth Business Day of each month. The Company
shall deliver monthly variance reporting concurrently with each delivery of the 13-week cash flow forecast, starting in May 2019.
For the avoidance of doubt, under no circumstances shall any variance reported constitute a Default, an Event of Default, a Termination
Event, or otherwise permit termination of this Agreement.

 

    	 	8	 

     

    

 

		(b)	The Company shall deliver a five-year business plan (the “Business Plan”) by
May 3, 2019, which business plan shall include a balance sheet, statement of cash flow, and income statement (including material
assumptions) on a monthly basis for the first year and on a quarterly basis thereafter.

 

		(c)	PJT Partners shall provide a strategic alternatives report (the “Strategic Alternatives
Report”) by May 31, 2019 to the Ad Hoc Group Advisors, which report shall include detailed alternatives to reduce the
Lenders’ exposure.

 

The failure to comply with any
of the Milestones shall not constitute a Default or Event of Default under the Loan Agreement or the other Loan Documents, but
shall, following the Cure Period, constitute a Standstill Event of Default that permits the Required Lenders to declare a Termination
Event.

 

		8.	Other Covenants. The Company covenants and agrees that (the “Other Covenants”):

 

		(a)	Judgment or Damages Claims. During the Standstill Period, the Company shall provide the
Ad Hoc Group Advisors with written notice at least ten (10) Business Days before making any payment of any amount in excess of
$20 million (whether individually or in the aggregate, but excluding any Permitted Equity Issuance) above the amount covered or
coverable by third-party insurance (from a creditworthy insurer that has agreed in writing to provide coverage) in respect of a
final, unappealable judgment, award or settlement in, or in order to pay, post, or obtain a bond related to an appeal in, the Specified
Litigation Matters (as defined below). The Ad Hoc Group (acting through the Ad Hoc Group Advisors) shall notify the Company in
writing within five (5) Business Days of receiving the Company’s written notice if it objects to the Company’s making
of such proposed payment; provided that, if after giving effect to the making of the proposed payment, the unrestricted
cash and Permitted Investments held by the Loan Parties would be not less than the applicable amount specified on Schedule 1,
the Ad Hoc Group shall be deemed to not object, and shall not be permitted to object, to the making of the proposed payment for
purposes of this Section 8(a). If (a) the Ad Hoc Group timely objects to the proposed payment (and is permitted to do so in accordance
with the prior sentence) and (b) the Company does not agree in writing to refrain from making the proposed payment within three
(3) Business Days of its receipt of such timely objection, the Required Lenders shall be entitled to terminate the Standstill Period.
Any payment made over the timely objection of the Ad Hoc Group pursuant to this provision shall represent an Event of Default under
the Loan Agreement if making the payment has a Material Adverse Effect. For the avoidance of doubt, the failure to comply with
the Other Covenant contained in this Section 8(a) during the Standstill Period shall result in an Event of Default under the Loan
Agreement; provided that, the Other Covenant and other provisions of this Section 8(a) shall terminate upon the occurrence
of a Termination Event. The “Specified Litigation Matters” shall mean the following litigation, and any litigation
related to the following litigation that arises out of substantially the same facts and circumstances: Akorn, Inc. v. Fresenius
Kabi AG, 2018-0300-JTL (Del. Ch.), In re Akorn, Inc. Data Integrity Securities Litigation, No. 18-cv-01713 (N.D. Ill.),
In re Akorn, Inc. Derivative Litigation, No. 18-cv-07374 (N.D. Ill.), Kogut v. Akorn, Inc., No. 646,174 (La. Dist.
Ct.), and In re: Generic Pharmaceuticals Pricing Antitrust Litigation, MDL No. 2724 (E.D. Pa.).

 

    	 	9	 

     

    

 

		(b)	Comprehensive Amendment. The Company and the Required Lenders shall each negotiate in good
faith to enter into a comprehensive amendment of the Loan Agreement (the “Comprehensive Amendment”) on or prior
to the Termination Date, which comprehensive amendment shall be in form and substance acceptable to the Required Lenders at such
time, and which, in any event, shall include a modification to require affected Lender consent for modifications to the pro rata
sharing and waterfall provisions of the Loan Agreement. If a Comprehensive Amendment is not entered into by:

 

		(i)	November 15, 2019, then the Company shall (x) pay the Lenders a one-time fee of 0.625% of the principal
amount of the Loans outstanding on the date thereof, which fee shall be payable in kind by capitalizing and adding such amount
to the outstanding principal balance of the Loans, and (y) pledge to the Administrative Agent (for the benefit of the Secured Parties)
all Equity Interests of any CFC or FSHCO held by any Loan Parties that are not pledged as of such date; and

 

		(ii)	December 13, 2019, then the failure to enter into a Comprehensive Amendment shall constitute an
immediate Event of Default under the Loan Agreement.

 

Notwithstanding
anything to the contrary contained herein, the Other Covenant contained in this Section 8(b) shall survive any Termination Event.

 

		(c)	Payment of Ad Hoc Group Advisors’ Fees and Expenses. During the Standstill Period,
the Company shall pay (a) the fees and expenses of Jones Day, as counsel to the Ad Hoc Group, during the Standstill Period in accordance
with that certain Fee and Expense Reimbursement Agreement dated February 22, 2019, and (b) the fees and expenses of Greenhill,
as financial advisor to the Ad Hoc Group, on the terms set forth in the Greenhill Engagement Letter (as defined below).

 

    	 	10	 

     

    

 

		9.	Conditions to the Effectiveness of this Agreement. The effectiveness of this Agreement is
subject to the satisfaction (or waiver in accordance with the terms hereof) of each of the following conditions (the date on which
such conditions are satisfied or waived, the “Effective Date”):

 

		(a)	Delivery of Agreement. This Agreement, duly authorized and executed by the Company, the
Administrative Agent and the Standstill Lenders (constituting the Required Lenders at such time), shall have been delivered to
each of the Company, the Administrative Agent and the Standstill Lenders.

 

		(b)	No Default. Except for any Default or Event of Default with respect to the Specified Matters,
both immediately before and after giving effect to this Agreement, no Default or Event of Default would then exist or would result
therefrom.

 

		(c)	Representations and Warranties. Except with respect to the Specified Matters, all representations
and warranties of the Company and the other Loan Parties set forth herein, in the Loan Agreement and in any other Loan Document
shall be true and correct in all material respects (or, with respect to those representations and warranties expressly limited
by their terms by materiality or material adverse effect qualifications, in all respects) as of the Effective Date as if made on
such date (except to extent that such representations and warranties expressly relate to an earlier date, in which case they shall
be true and correct in all material respects as of such date).

 

		(d)	No Material Adverse Effect. Both immediately before and after giving effect to this Agreement,
no Material Adverse Effect shall have occurred and be continuing or would result therefrom, excluding a Material Adverse Effect
(if any) relating to any of the Specified Matters.

 

		(e)	Closing Certificate. The Administrative Agent shall have received a certificate, dated as
of the date hereof, of a duly authorized officer of the Company, to the effect that, at and as of the Effective Date, both before
and after giving effect to this Agreement, the conditions specified in this Section 9 (including clauses (b), (c), and (d) hereof)
have been satisfied or waived.

 

		(f)	Standstill Fee. The Company shall have paid, and the Administrative Agent shall have received,
for the ratable benefit of each Standstill Lender, a one-time fee equal to 1.75% of the aggregate principal amount of the Loans
of such Lender on the date hereof (the “Standstill Fee”), which Standstill Fee shall be payable in kind by capitalizing
and adding such amount to the outstanding principal balance of the Loans on the Effective Date, and shall be deemed fully earned
when paid, shall not be refundable for any reason, and shall be payable without setoff, defense or counterclaim of any kind (and
the provisions of Section 2.18(d) of the Loan Agreement are hereby waived in connection with the payment of the Standstill Fee).

 

		(g)	Fees and Expenses. The Company shall (i) execute Greenhill’s engagement letter on
the terms proposed by Greenhill on March 3, 2019 (the “Greenhill Engagement Letter”), (ii) pay all fees and
expenses accrued by Greenhill to date to the extent payable pursuant to the Greenhill Engagement Letter, (iii) pay or reimburse
all reasonable and documented fees and expenses for Jones Day, as legal advisor to the Ad Hoc Group, and Greenhill, as financial
advisor to the Ad Hoc Group, on the terms set forth herein to the extent invoiced at least one (1) Business Day prior to the Effective
Date, and (iv) pay or reimburse all reasonable and documented out-of-pocket fees and expenses of the Administrative Agent in connection
with this Agreement and the other Loan Documents (including reasonable out-of-pocket fees, costs, and expenses of outside counsel
for the Administrative Agent) to the extent invoiced at least one (1) Business Day prior to the Effective Date.

 

    	 	11	 

     

    

 

		(h)	Material Subsidiary Refresh. The Company shall (i) deliver duly executed Joinder Agreements
from all Material Subsidiaries that were not Loan Parties prior to the Effective Date, and (ii) to the extent any or all Domestic
Subsidiaries that were not Material Subsidiaries prior to the Effective Date exceed ten percent (10%) of EBITDA for the four consecutive
fiscal quarter period most recently ended or ten percent (10%) of Total Assets as of the end of such period, certify that the Company
has designated Domestic Subsidiaries as Material Subsidiaries to eliminate such excess, and any Domestic Subsidiaries so designated
shall thereafter constitute Material Subsidiaries for all purposes under the Loan Agreement and the other Loan Documents.

 

		10.	Representations and Warranties.

 

		(a)	Each of the Company and the other Loan Parties hereby represents and warrants to the Administrative
Agent and the Lenders that as of the Effective Date:

 

		(i)	the execution, delivery and performance of this Agreement and the Company’s and Loan Parties’
obligations hereunder have been duly authorized by all necessary corporate or limited liability company action (as applicable);

 

		(ii)	this Agreement has been duly executed and delivered by the Company and each other Loan Party and
constitutes, when executed and delivered by the other parties hereto, a legal, valid and binding obligation of the Company and
such Loan Party, enforceable against the Company or such Loan Party in accordance with its terms, except as such enforceability
may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights
generally and subject to general principles of equity, regardless of whether considered in a proceeding in equity or at law;

 

		(iii)	no approval, consent, exemption, authorization, or other action by, or notice to, or filing with,
any Governmental Authority or any other Person is necessary or required in connection with (a) the execution, delivery or performance
by, or enforcement against, any Loan Party of this Agreement, except for (i) the approvals, consents, exemptions, authorizations,
actions, notices and filings which have been duly obtained, taken, given or made and are in full force and effect and (ii) those
approvals, consents, exemptions, authorizations or other actions, notices or filings, the failure to obtain or make which could
not reasonably be expected to have a Material Adverse Effect or (b) the exercise by any Lender of its rights under this Agreement;

 

    	 	12	 

     

    

 

		(iv)	except with respect to the Specified Matters, each of the representations and warranties made by
any Loan Party set forth in Article III of the Loan Agreement or in any other Loan Document is true and correct in all material
respects (unless otherwise qualified by materiality or the occurrence of a Material Adverse Effect, in which case such representation
and warranty is true and correct in all respects) as of the date hereof with the same effect as though made on and as of the date
hereof, except to the extent such representations and warranties expressly relate to earlier dates; and

 

		(v)	no Default or Event of Default has occurred and is continuing other than any Default or Event of
Default with respect to the Specified Matters.

 

		(b)	Each of the Standstill Parties hereby represents and warrants that each of the following statements
is true, accurate and complete as to such party as of the date hereof:

 

		(i)	such Standstill Party has carefully read and fully understands all of the terms and conditions
of this Agreement;

 

		(ii)	such Standstill Party has consulted with, or had a full and fair opportunity to consult with, an
attorney regarding the terms and conditions of this Agreement;

 

		(iii)	such Standstill Party has had a full and fair opportunity to participate in the drafting of this
Agreement;

 

		(iv)	such Standstill Party is freely, voluntarily and knowingly entering into this Agreement; and

 

		(v)	in entering into this Agreement, such Standstill Party has not relied upon any representation,
warranty, covenant or agreement not expressly set forth herein or in the other Loan Documents.

 

		11.	Amendments to the Loan Agreement. Effective as of the Effective Date, the Loan Agreement
is hereby amended as set forth below:

 

		(a)	Section 1.01 of the Loan Agreement is hereby amended to add the definitions of “First
Amendment,” “First Amendment Effective Date,” “Standstill Event of Default” and
“Standstill Period” as follows:

 

    	 	13	 

     

    

 

		(i)	First Amendment: that certain Standstill Agreement and First Amendment to Loan Agreement
dated as of May 6, 2019, among the Borrower, the Lenders party thereto and the Administrative Agent.

 

		(ii)	First Amendment Effective Date: the date on which the conditions precedent specified in
Section 9 of the First Amendment have been satisfied or waived in accordance with the terms thereof.

 

		(iii)	Standstill Event of Default: as defined in the First Amendment.

 

		(iv)	Standstill Period: as defined in the First Amendment.

 

		(b)	Section 1.01 of the Loan Agreement is hereby amended by amending and restating clauses (a), (b)
and (c) of the definition of “Applicable Rate” to read as follows:

 

(a) prior to the First Amendment
Effective Date, with respect to any Eurodollar Loan or any ABR Loan, as the case may be, the applicable rate per annum set forth
below under the caption “Eurodollar Spread” or “ABR Spread”, as the case may be, based upon the Ratings
Level applicable on such date:

 

	
         

        Ratings Level
	 	
        Index Ratings

        (Moody’s/S&P)
	 	Eurodollar Spread	 	ABR Spread
	Level I	 	B1/B+ or higher	 	4.25%	 	3.25%
	Level II	 	B2/B	 	4.75%	 	3.75%
	Level III	 	B3/B- or lower	 	5.50%	 	4.50%

 

(b) commencing on (and including)
the First Amendment Effective Date and ending on (but excluding) the date of a Standstill Event of Default, with respect to any
Eurodollar Loan or any ABR Loan, as the case may be, the applicable rate per annum set forth below under the caption “Eurodollar
Spread” or “ABR Spread”, as the case may be, based upon the Ratings Level applicable on such date:

 

	
         

        Ratings Level
	 	
        Index Ratings

        (Moody’s/S&P)
	 	Eurodollar Spread	 	ABR Spread
	Level I	 	B1/B+ or higher	 	5.75%	 	4.75%
	Level II	 	B2/B	 	6.25%	 	5.25%
	Level III	 	B3/B- or lower	 	7.00%	 	6.00%

 

    	 	14	 

     

    

 

provided that 0.75% (i.e.,
75 basis points) of such Applicable Rate shall be payable in kind by capitalizing and adding such amount to the outstanding principal
balance of the Loans on the applicable Interest Payment Date); and

 

(c) commencing on (and including)
the date of a Standstill Event of Default, with respect to any Eurodollar Loan or any ABR Loan, as the case may be, the applicable
rate per annum set forth below under the caption “Eurodollar Spread” or “ABR Spread”, as the case may be,
based upon the Ratings Level applicable on such date:

 

	
         

        Ratings Level
	 	
        Index Ratings

        (Moody’s/S&P)
	 	Eurodollar Spread	 	ABR Spread
	Level I	 	B1/B+ or higher	 	6.25%	 	5.25%
	Level II	 	B2/B	 	6.75%	 	5.75%
	Level III	 	B3/B- or lower	 	7.50%	 	6.50%

 

provided that 1.25% (i.e.,
125 basis points) of such Applicable Rate shall be payable in kind by capitalizing and adding such amount to the outstanding principal
balance of the Loans on the applicable Interest Payment Date).

 

		(c)	Section 8.06 of the Loan Agreement is hereby amended to delete the second sentence in its entirety
and replace it with the following sentence:

 

Upon any such resignation, the
Required Lenders shall have the right to appoint a successor.

 

		(d)	Section 2.11(a) of the Loan Agreement is hereby amended by deleting the word “and,”
prior to clause (3) and adding the following as clause (4):

 

“and (4) notwithstanding
anything in this Agreement to the contrary, in the event of any prepayment or repayment for any reason (but excluding any mandatory
prepayments under Section 2.11(c) or 2.11(d)) of the Loans during the Standstill Period (including, without limitation, upon or
after the maturity or acceleration of the Loans as a result of the occurrence of any Event of Default or otherwise, to the extent
any such acceleration is not prohibited by the terms of Section 3 of the First Amendment), the Company shall pay the Lenders a
premium of 0.625% of the outstanding principal of the Loans so prepaid (such premium, the “Call Protection”),
calculated as of the date of any such prepayment, repayment, or acceleration.”

 

		(e)	For the avoidance of doubt, the amendments set forth in this Section 11 shall survive any termination
of this Agreement.

 

    	 	15	 

     

    

 

		12.	Direction to the Administrative Agent; Indemnity. Each Lender party hereto hereby consents,
authorizes and directs the Administrative Agent to execute and deliver this Agreement and to take the actions contemplated herein.
Each Standstill Party confirms and agrees that (i) the Administrative Agent is only entering into this Agreement at the direction
of the Required Lenders, (ii) subject to the terms of the Loan Agreement and the other Loan Documents (including this Agreement),
any action or inaction taken hereunder by the Administrative Agent shall be at the express direction of the Required Lenders (including,
without limitation, any determination that a Default, Event of Default, and/or Standstill Event of Default has occurred and/or
that the Standstill Period has ended) and (iii) the indemnification provisions set forth in the Loan Agreement and the other Loan
Documents (including, without limitation, the indemnification provisions set forth in Sections 9.03(b) and 9.03(c) of the Loan
Agreement) shall apply to actions taken by the Administrative Agent in connection with this Agreement.

 

		13.	Miscellaneous.

 

		(a)	Amendment. No provision or term hereof may be amended, modified or otherwise changed except
by an instrument in writing, specifying the same, duly executed by the requisite parties in accordance with Section 9.02 of the
Loan Agreement. For the avoidance of doubt, any extension of the Termination Date hereunder shall not constitute a postponement
of any scheduled date of payment of the principal amount of any Loan, or the date for the payment of any interest, fees or other
Obligations, or a waiver or excuse of any such payment, in each case for purposes of Section 9.02(b)(iii) of the Loan Agreement.

 

		(b)	GOVERNING LAW; SUBMISSION TO JURISDICTION; SELECTION OF FORUM. THIS AGREEMENT IS TO BE GOVERNED
BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED IN SUCH
STATE, WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS PRINCIPLES THEREOF. Each Standstill Party hereto agrees that it shall bring
any action or proceeding in respect of any claim arising out of or related to this Agreement in any U.S. Federal (or, if such court
lacks subject matter jurisdiction, New York State) court sitting in New York, New York (or court of proper appellate jurisdiction)
(the “Chosen Courts”), and solely in connection with claims arising under this Agreement: (a) irrevocably submits
to the exclusive jurisdiction of the Chosen Courts; (b) waives any objection to laying venue in any such action or proceeding in
the Chosen Court; and (c) waives any objection that the Chosen Courts are an inconvenient forum or does not have personal jurisdiction
over any Standstill Party hereto or constitutional authority to finally adjudicate the matter; provided that, for the avoidance
of doubt, this Section 13(b) does not supersede, amend or modify the provisions of Section 9.09 of the Loan Agreement, which shall
continue to apply in accordance with its terms, including with respect to any Defaults or Events of Default asserted under the
Loan Agreement.

 

    	 	16	 

     

    

 

		(c)	Trial by Jury Waiver. EACH Standstill PARTY
HERETO IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT
OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

		(d)	Entire Agreement. This Agreement, inclusive of its schedule, represents the entire understanding
and agreement among the Standstill Parties with respect to the subject matter hereof, and supersedes all prior agreements, if any,
among them with respect thereto. Each of the Standstill Parties acknowledges that it has not relied upon any representations by
any other Standstill Party or anyone acting on behalf of any Standstill Party in entering into this Agreement.

 

		(e)	Counterparts. This Agreement may be executed in as many counterparts as may be convenient
or required. It shall not be necessary that the signature of, or on behalf of, each party, or that the signature of all persons
required to bind any party, appear on each counterpart. Signatures to this Agreement, any amendment hereof and any notice given
hereunder, transmitted by telecopy or PDF, and the photocopy of any signature page, shall be valid and effective to bind the Standstill
Party so signing. All such counterparts shall collectively constitute a single instrument.

 

		(f)	Waiver. Any provision hereof may be waived only by written instrument making specific reference
to this Agreement signed by the requisite parties in accordance with Section 9.02 of the Loan Agreement. The waiver by any Standstill
Party hereto of a breach of any provision of this Agreement shall not operate or be construed as a further or continuing waiver
of such breach or as a waiver of any other or subsequent breach. No failure on the part of any Standstill Party to exercise, and
no delay in exercising, any right, power or remedy hereunder shall operate as a waiver thereof, nor shall any single or partial
exercise of such right, power or remedy by such Standstill Party preclude any other or further exercise thereof or the exercise
of any other right, power or remedy.

 

		(g)	Interpretation. This Agreement is the result of negotiation and, accordingly, no presumption
or burden of proof will arise with respect to any ambiguity or question of intent concerning this Agreement favoring or disfavoring
any party to this Agreement by virtue of the authorship of any provision of this Agreement.

 

		(h)	Reliance.

 

		(i)	The Loan Parties acknowledge and agree that, notwithstanding anything to the contrary set forth
in this Agreement, the Administrative Agent and the Standstill Lenders do not have, nor shall have, an obligation to: (A) subject
to the obligations set forth in Section 8(b) hereof, amend the Loan Agreement or any other Loan Document or otherwise restructure
the Obligations; (B) other than with respect to any continuation of outstanding Eurodollar Loans or any conversion of outstanding
ABR Loans into Eurodollar Loans, make any further loans, advances or extension of credit to or for the benefit of the Loan Parties,
(C) extend the Standstill Period; (D) refrain from terminating the Standstill Period upon the occurrence of any Standstill
Event of Default or (E) enter into any other instruments, agreements or documents regarding any of the same with the Loan
Parties, and that neither the Administrative Agent nor the Lenders, nor any of their respective representatives, have made any
agreements with, or commitments or representations or warranties to, the Loan Parties (either in writing or orally), other than
as expressly stated in this Agreement.

 

    	 	17	 

     

    

 

		(ii)	The Loan Parties expressly understand and further agree that the Administrative Agent and the Lenders
are relying on all terms, covenants, conditions, warranties and representations set forth in this Agreement as a material inducement
to the Administrative Agent and the Lenders to enter into this Agreement and to standstill from exercising the Administrative Agent’s
and the Lenders’ rights and remedies as specifically set forth herein.

 

		(i)	Cumulative Remedies.

 

		(i)	Except as otherwise specifically provided in this Agreement, the rights, powers, authorities, remedies,
interests and benefits conferred upon the Administrative Agent and the Lenders by and as provided in this Agreement are intended
to supplement, and be in addition to (and, except as expressly set forth herein, shall not in any way replace, supersede, amend,
limit or restrict), the rights, powers, authorities, remedies, interests, and benefits conferred by the Loan Agreement and the
other Loan Documents.

 

		(ii)	No delay on the part of the Administrative Agent or the Lenders in the exercise of any power, right
or remedy under this Agreement, the Loan Agreement or any other Loan Document at any time shall operate as a waiver thereof, and
no single or partial exercise by the Administrative Agent or the Standstill Lenders of any power, right or remedy shall preclude
other or further exercise thereof or the exercise of any other power, right or remedy.

 

		(j)	Relationship. The Loan Parties agree that the relationship between the Administrative Agent
and the Lenders, on one hand, and the Loan Parties, on the other hand, is that of creditor and debtor and not that of partners
or joint venturers. This Agreement does not constitute a partnership agreement, or any other association between the Administrative
Agent, the Lenders and the Loan Parties. The Loan Parties acknowledge that the Administrative Agent and the Lenders have acted
at all times only as a creditor to the Loan Parties within the normal and usual scope of the activities normally undertaken by
a creditor and in no event have the Administrative Agent and the Lenders attempted to exercise any control over the Company or
any other Loan Party or their respective businesses or affairs. The Loan Parties further acknowledge that the Administrative Agent
and Lenders have not taken or failed to take any action under or in connection with their rights under the Loan Agreement and the
other Loan Documents that in any way or to any extent have interfered with or adversely affected the Loan Parties’ ownership
of the Collateral.

 

    	 	18	 

     

    

 

		(k)	Ad Hoc Group Actions and Composition.  

 

		(i)	Any action by the Ad Hoc Group with respect to this Agreement (which, for the avoidance of doubt,
is limited to actions under Section 5(k) and Section 8(a) hereof) may be taken by members of the Ad Hoc Group with Credit Exposures
representing more than fifty percent (50%) of the Aggregate Credit Exposures of the Ad Hoc Group taken as a whole (the “Required
Ad Hoc Group Members”). Any action taken hereunder by the Required Ad Hoc Group Members shall bind all members of the
Ad Hoc Group.

 

		(ii)	In the event that, at any time on or after the Effective Date, the Ad Hoc Group does not act on
behalf of the Required Lenders, all references to the “Ad Hoc Group” in this Agreement shall be deemed to refer to
the Required Lenders.

 

		(l)	No Third Party Beneficiaries.  This Agreement is made and entered into for the
sole protection and benefit of the parties hereto and no other person or entity shall have any right of action hereon, right to
claim any right or benefit from the terms contained herein, or be deemed a third party beneficiary hereunder.

 

		(m)	Severability.  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 only to the extent of such prohibition or invalidity, without
invalidating the remainder of such provision or the remaining provisions of this Agreement, it being the parties’ intention
that each and every provision of this Agreement be enforced to the fullest extent permitted by applicable law.

 

		(n)	Successors and Assigns.  This Agreement shall be binding upon, and shall inure
to the benefit of the Lenders, the Company, and the other Loan Parties and their respective successors and assigns, except that
the Company and the other Loan Parties may not assign their rights under this Agreement without the prior written consent of the
Required Lenders.

 

		(o)	Voluntary Agreement. The Loan Parties, the Administrative Agent and the Standstill Lenders
represent and warrant that they are represented by legal counsel of their choice, that they have consulted with such counsel regarding
this Agreement, that they are fully aware of the terms and provisions contained herein and of their effect and that they have voluntarily
and without coercion or duress of any kind entered into this Agreement.

 

    	 	19	 

     

    

 

		(p)	Integration.  This Agreement and the instruments, agreements and documents referred
to in this Agreement shall be deemed incorporated into and made a part of the Loan Agreement and the other Loan Documents. This
Agreement shall be deemed to be a Loan Document as that term is defined in the Loan Agreement. All such instruments, agreements
and documents, and this Agreement, shall be construed as integrated and complementary of each other, and, except as otherwise specifically
provided in this Agreement, as augmenting and not restricting the Administrative Agent’s or the Lenders’ rights, remedies,
benefits and security. If after applying the foregoing an inconsistency still exists, the provisions of this Agreement shall constitute
an amendment to the Loan Agreement and shall control; provided, however, that, for the avoidance of doubt, the provisions
hereof that do not survive termination of this Agreement or the Standstill Period shall not be deemed to amend the terms of the
Loan Agreement following such termination. References in the Loan Agreement to this “Agreement,” “herein,”
“hereof” or “hereunder” or references to the Loan Agreement in any other agreement or document shall, in
each case, be deemed to refer to the Loan Agreement as amended hereby.

 

		(q)	No Novation. This Agreement shall not extinguish the Loans or other Obligations outstanding
under the Loan Agreement and/or any of the other Loan Documents as in effect prior to the effectiveness of this Agreement. Nothing
herein contained shall be construed as a substitution, novation or repayment of the Loans or other Obligations outstanding under
the Loan Agreement and/or any of the other Loan Documents as in effect prior to the effectiveness of this Agreement, all of which
shall remain outstanding in full force and effect after the effectiveness of this Agreement, as amended hereby.

 

		(r)	Notices. All notices hereunder shall be deemed given if in writing and delivered by electronic
mail, courier, or registered or certified mail (return receipt requested) to the following addresses (or at such other addresses
as shall be specified by like notice):

 

		i.	if to the Company:

 

Akorn, Inc.

1925 West Field Court, Suite 300

Lake Forest, IL 60045

Attention: Duane Portwood, Chief Financial Officer

Email address: duane.portwood@akorn.com

 

Copies to:

 

Cravath, Swaine & Moore LLP

825 8th Ave

New York, NY 10019

Attention: Paul H. Zumbro; Stephen M. Kessing

Email address: pzumbro@cravath.com; skessing@cravath.com

 

    	 	20	 

     

    

 

Kirkland & Ellis LLP

601 Lexington Ave

New York, NY 10022

Attention: Nicole L. Greenblatt

Email address: nicole.greenblatt@kirkland.com

 

		ii.	if to the Ad Hoc Group:

 

Jones Day

250 Vesey Street

New York, NY 10281

Attention: Scott J. Greenberg

Email address: sgreenberg@jonesday.com

 

		iii.	if to any other Lender party hereto, to such address as may be furnished by such Lender from time to time to each of the Standstill
Parties.

 

		iv.	if to the Administrative Agent:

 

JPMorgan Chase Bank, N.A.

10 S. Dearborn Street

9th Floor, Chicago, IL 60603

Attention: Justin Martin

Email address: justin.2.martin@jpmorgan.com

 

Copy to:

 

Latham & Watkins LLP

330 North Wabash Avenue, Suite 2800

Chicago, IL 60611

Attention: Zulf Bokhari

Email address: zulf.bokhari@lw.com

 

Any notice
given by delivery, mail (electronic or otherwise), or courier shall be effective when received.

 

[Signature Pages to Follow]

 

    	 	21	 

     

    

 

IN WITNESS WHEREOF, each of the undersigned,
intending to be legally bound hereby, has executed this Agreement below effective as of the Effective Date.

 

	 	THE COMPANY:
	 	 	 
	 	AKORN, INC.
	 	 	 
	 	By	/s/ Duane Portwood
	 	 	Name:  Duane Portwood
	 	 	Title:   Executive Vice President and Chief Financial Officer
	 	 	 
	 	OTHER LOAN PARTIES:
	 	 	 
	 	ADVANCED VISION RESEARCH, INC.
	 	 	 
	 	By	/s/ Joseph Bonaccorsi
	 	 	Name:  Joseph Bonaccorsi
	 	 	Title:  Secretary
	 	 	 
	 	AKORN (NEW JERSEY), INC. 
	 	 	 
	 	By	/s/ Joseph Bonaccorsi
	 	 	Name:  Joseph Bonaccorsi
	 	 	Title:  Secretary
	 	 	 
	 	AKORN ANIMAL HEALTH, INC.
	 	 	 
	 	By	/s/ Joseph Bonaccorsi
	 	 	Name:  Joseph Bonaccorsi
	 	 	Title:  Secretary
	 	 	 
	 	AKORN OPHTHALMICS, INC.
	 	 	 
	 	By	/s/ Joseph Bonaccorsi
	 	 	Name:  Joseph Bonaccorsi
	 	 	Title:  Secretary
	 	 	 
	 	AKORN SALES, INC. 
	 	 	 
	 	By	/s/ Joseph Bonaccorsi
	 	 	Name:  Joseph Bonaccorsi
	 	 	Title:  Secretary

 

    	 	 	 

     

    

 

	 	INSPIRE PHARMACEUTICALS, INC.
	 	 	 
	 	By	/s/ Joseph Bonaccorsi
	 	 	Name:  Joseph Bonaccorsi
	 	 	Title:  Secretary
	 	 	 
	 	OAK PHARMACEUTICALS, INC.
	 	 	 
	 	By	/s/ Joseph Bonaccorsi
	 	 	Name:  Joseph Bonaccorsi
	 	 	Title:  Secretary
	 	 	 
	 	HI-TECH PHARMACAL CO., INC.
	 	 	 
	 	By	/s/ Joseph Bonaccorsi
	 	 	Name:  Joseph Bonaccorsi
	 	 	Title:  Secretary
	 	 	 
	 	10 EDISON STREET LLC
	 	 	 
	 	By	/s/ Joseph Bonaccorsi
	 	 	Name:  Joseph Bonaccorsi
	 	 	Title:  Secretary of Hi-Tech Pharmacal Co., Inc., its member
	 	 	 
	 	13 EDISON STREET LLC
	 	 	 
	 	By	/s/ Joseph Bonaccorsi
	 	 	Name:  Joseph Bonaccorsi
	 	 	Title:  Secretary of Hi-Tech Pharmacal Co., Inc., its member
	 	 	 
	 	VPI HOLDINGS CORP.
	 	 	 
	 	By	/s/ Joseph Bonaccorsi
	 	 	Name:  Joseph Bonaccorsi
	 	 	Title:  Secretary
	 	 	 
	 	VPI HOLDINGS SUB, LLC
	 	 	 
	 	By	/s/ Joseph Bonaccorsi
	 	 	Name:  Joseph Bonaccorsi
	 	 	Title:  Secretary

 

    	 	 	 

     

    

 

	 	VERSAPHARM INCORPORATED
	 	 	 
	 	By	/s/ Joseph Bonaccorsi
	 	 	Name:  Joseph Bonaccorsi
	 	 	Title:  Secretary
	 	 	 
	 	COVENANT PHARMA INC.
	 	 	 
	 	By	/s/ Joseph Bonaccorsi
	 	 	Name:  Joseph Bonaccorsi
	 	 	Title:  Secretary
	 	 	 
	 	OLTA PHARMACEUTICALS CORP.
	 	 	 
	 	By	/s/ Joseph Bonaccorsi
	 	 	Name:  Joseph Bonaccorsi
	 	 	Title:  Secretary
	 	 	 
	 	CLOVER PHARMACEUTICALS CORP.
	 	 	 
	 	By	/s/ Joseph Bonaccorsi
	 	 	Name:  Joseph Bonaccorsi
	 	 	Title:  Secretary
	 	 	 
	 	JPMORGAN CHASE BANK, N.A., 
	 	as Administrative Agent
	 	 	 
	 	By	/s/ Justin Martin
	 	 	Name:  Justin Martin
	 	 	Title:  Authorized Officer
	 	 	 
	 	PineBridge Investments, LLC
	 	 	 
	 	By	/s/ Jeff Baxter
	 	 	Name:  Jeff Baxter
	 	 	Title:  

 

    	 	 	 

     

    

 

	 	AGF FLOATING RATE INCOME FUND
	 	BY: EATON VANCE MANAGEMENT
	 	AS PORTFOLIO MANAGER
	 	 	 
	 	By	/s/ Michael B. Botthof
	 	 	Name:  Michael B. Botthof
	 	 	Title:  Vice President
	 	 	 
	 	Brighthouse Funds Trust I -
	 	Brighthouse/Eaton Vance Floating Rate Portfolio
	 	By: Eaton Vance Management as Investment Sub-Advisor
	 	 	 
	 	By	/s/ Michael B. Botthof
	 	 	Name:  Michael B. Botthof
	 	 	Title:  Vice President
	 	 	 
	 	Eaton Vance CLO 2013-1 LTD.
	 	By: Eaton Vance Management
	 	Portfolio Manager
	 	 	 
	 	By	/s/ Michael B. Botthof
	 	 	Name:  Michael B. Botthof
	 	 	Title:  Vice President
	 	 	 
	 	Eaton Vance CLO 2014-1R, Ltd.
	 	By: Eaton Vance Management
	 	As Investment Advisor
	 	 	 
	 	By	/s/ Michael B. Botthof
	 	 	Name:  Michael B. Botthof
	 	 	Title:  Vice President
	 	 	 
	 	Eaton Vance CLO 2015-1 Ltd.
	 	By: Eaton Vance Management
	 	Portfolio Manager
	 	 	 
	 	By	/s/ Michael B. Botthof
	 	 	Name:  Michael B. Botthof
	 	 	Title:  Vice President

 

    	 	 	 

     

    

 

	 	Eaton Vance CLO 2018-1, Ltd.
	 	By: Eaton Vance Management 
	 	Portfolio Manager
	 	 	 
	 	By	/s/ Michael B. Botthof
	 	 	Name:  Michael B. Botthof
	 	 	Title:  Vice President
	 	 	 
	 	Eaton Vance Floating-Rate
	 	Income Plus Fund
	 	By: Eaton Vance Management
	 	as Investment Advisor
	 	 	 
	 	By	/s/ Michael B. Botthof
	 	 	Name:  Michael B. Botthof
	 	 	Title:  Vice President
	 	 	 
	 	Eaton Vance Floating-Rate
	 	2022 Target Term Trust
	 	By: Eaton Vance Management
	 	as Investment Advisor
	 	 	 
	 	By	/s/ Michael B. Botthof
	 	 	Name:  Michael B. Botthof
	 	 	Title:  Vice President
	 	 	 
	 	EATON VANCE SENIOR
	 	FLOATING-RATE TRUST 
	 	BY: EATON VANCE MANAGEMENT
	 	AS INVESTMENT ADVISOR
	 	 	 
	 	By	/s/ Michael B. Botthof
	 	 	Name:  Michael B. Botthof
	 	 	Title:  Vice President
	 	 	 
	 	EATON VANCE FLOATING-RATE 
	 	INCOME TRUST
	 	BY: EATON VANCE MANAGEMENT
	 	AS INVESTMENT ADVISOR
	 	 	 
	 	By	/s/ Michael B. Botthof
	 	 	Name:  Michael B. Botthof
	 	 	Title:  Vice President

 

    	 	 	 

     

    

 

	 	Eaton Vance International
	 	(Cayman Islands) Floating-Rate
	 	Income Portfolio 
	 	By: Eaton Vance Management as 
	 	Investment Advisor
	 	 	 
	 	By	/s/ Michael B. Botthof
	 	 	Name:  Michael B. Botthof
	 	 	Title:  Vice President
	 	 	 
	 	EATON VANCE SENIOR INCOME TRUST
	 	BY: EATON VANCE MANAGEMENT
	 	AS INVESTMENT ADVISOR
	 	 	 
	 	By	/s/ Michael B. Botthof
	 	 	Name:  Michael B. Botthof
	 	 	Title:  Vice President
	 	 	 
	 	Eaton Vance Short Duration 
	 	Diversified Income Fund
	 	By: Eaton Vance Management 
	 	As Investment Advisor
	 	 	 
	 	By	/s/ Michael B. Botthof
	 	 	Name:  Michael B. Botthof
	 	 	Title:  Vice President
	 	 	 
	 	EATON VANCE INSTITUTIONAL SENIOR LOAN FUND
	 	BY: EATON VANCE MANAGEMENT
	 	AS INVESTMENT ADVISOR
	 	 	 
	 	By	/s/ Michael B. Botthof
	 	 	Name:  Michael B. Botthof
	 	 	Title:  Vice President
	 	 	 
	 	Eaton Vance Institutional Senior Loan Plus Fund
	 	By: Eaton Vance Management as Investment Advisor
	 	 	 
	 	By	/s/ Michael B. Botthof
	 	 	Name:  Michael B. Botthof
	 	 	Title:  Vice President

 

    	 	 	 

     

    

 

	 	EATON VANCE
	 	LIMITED DURATION INCOME FUND
	 	BY: EATON VANCE MANAGEMENT
	 	AS INVESTMENT ADVISOR
	 	 	 
	 	By	/s/ Michael B. Botthof
	 	 	Name:  Michael B. Botthof
	 	 	Title:  Vice President
	 	 	 
	 	Eaton Vance Floating Rate Portfolio
	 	By: Boston Management and Research 
	 	as Investment Adivsor
	 	 	 
	 	By	/s/ Michael B. Botthof
	 	 	Name:  Michael B. Botthof
	 	 	Title:  Vice President
	 	 	 
	 	Eaton Vance US Loan Fund 2016 a Series Trust of
	 	Global Cayman Investment Trust
	 	By: Eaton Vance Management as Investment Advisor
	 	 	 
	 	By	/s/ Michael B. Botthof
	 	 	Name:  Michael B. Botthof
	 	 	Title:  Vice President
	 	 	 
	 	Florida Power & Light Company 
	 	By: Eaton Vance Management 
	 	as Investment Advisor
	 	 	 
	 	By	/s/ Michael B. Botthof
	 	 	Name:  Michael B. Botthof
	 	 	Title:  Vice President
	 	 	 
	 	SENIOR DEBT PORTFOLIO
	 	By: Boston Management and Research
	 	as Investment
	 	 	 
	 	By	/s/ Michael B. Botthof
	 	 	Name:  Michael B. Botthof
	 	 	Title:  Vice President

 

    	 	 	 

     

    

 

	 	Eaton Vance VT Floating-Rate Income Fund
	 	By: Eaton Vance Management 
	 	as Investment Advisor
	 	 	 
	 	By	/s/ Michael B. Botthof
	 	 	Name:  Michael B. Botthof
	 	 	Title:  Vice President
	 	 	 
	 	CIFC Funding 2012-II-R, Ltd.,
	 	By: CIFC VS Management LLC, its Collateral Manager
	 	 	 
	 	By	/s/ Ira Ginsburg
	 	 	Name:  Ira Ginsburg
	 	 	Title:  Managing Director
	 	 	 
	 	CIFC Funding 2013-I, Ltd.,
	 	By: CIFC Asset Management LLC, its Collateral Manager
	 	 	 
	 	By	/s/ Ira Ginsburg
	 	 	Name:  Ira Ginsburg
	 	 	Title:  Managing Director
	 	 	 
	 	CIFC Funding 2013-II, Ltd.,
	 	By: CIFC Asset Management LLC, its Collateral Manager
	 	 	 
	 	By	/s/ Ira Ginsburg
	 	 	Name:  Ira Ginsburg
	 	 	Title:  Managing Director
	 	 	 
	 	CIFC Funding 2013-III-R Ltd.,
	 	By: CIFC VS Management LLC, as Collateral Manager
	 	 	 
	 	By	/s/ Ira Ginsburg
	 	 	Name:  Ira Ginsburg
	 	 	Title:  Managing Director
	 	 	 
	 	CIFC Funding 2013-IV, Ltd.,
	 	By: CIFC Asset Management LLC, its Collateral Manager
	 	 	 
	 	By	/s/ Ira Ginsburg
	 	 	Name:  Ira Ginsburg
	 	 	Title:  Managing Director

 

    	 	 	 

     

    

 

	 	CIFC Funding 2014, Ltd.,
	 	By: CIFC Asset Management LLC, its Portfolio Manager
	 	 	 
	 	By	/s/ Ira Ginsburg
	 	 	Name:  Ira Ginsburg
	 	 	Title:  Managing Director
	 	 	 
	 	CIFC Funding 2014-III, Ltd.,
	 	By: CIFC Asset Management LLC, its Collateral Manager
	 	 	 
	 	By	/s/ Ira Ginsburg
	 	 	Name:  Ira Ginsburg
	 	 	Title:  Managing Director
	 	 	 
	 	CIFC Funding 2014-II-R, Ltd.,
	 	By: CIFC Asset Management LLC, as Collateral Manager
	 	 	 
	 	By	/s/ Ira Ginsburg
	 	 	Name:  Ira Ginsburg
	 	 	Title:  Managing Director
	 	 	 
	 	CIFC Funding 2014-IV-R, Ltd.,
	 	By: CIFC Asset Management LLC, its Collateral Manager
	 	 	 
	 	By	/s/ Ira Ginsburg
	 	 	Name:  Ira Ginsburg
	 	 	Title:  Managing Director
	 	 	 
	 	CIFC Funding 2014-V, Ltd.,
	 	By: CIFC Asset Management LLC, its Collateral Manager
	 	 	 
	 	By	/s/ Ira Ginsburg
	 	 	Name:  Ira Ginsburg
	 	 	Title:  Managing Director

 

    	 	 	 

     

    

 

	 	CIFC Funding 2015-I, Ltd.,
	 	By: CIFC Asset Management LLC, its Collateral Manager
	 	 	 
	 	By	/s/ Ira Ginsburg
	 	 	Name:  Ira Ginsburg
	 	 	Title:  Managing Director
	 	 	 
	 	CIFC Funding 2015-II, Ltd.,
	 	By: CIFC Asset Management LLC, its Collateral Manager
	 	 	 
	 	By	/s/ Ira Ginsburg
	 	 	Name:  Ira Ginsburg
	 	 	Title:  Managing Director
	 	 	 
	 	CIFC Funding 2015-III, Ltd.,
	 	By: CIFC Asset Management LLC, its Collateral Manager
	 	 	 
	 	By	/s/ Ira Ginsburg
	 	 	Name:  Ira Ginsburg
	 	 	Title:  Managing Director
	 	 	 
	 	CIFC Funding 2015-IV, Ltd.,
	 	By: CIFC Asset Management LLC, its Collateral Manager
	 	 	 
	 	By	/s/ Ira Ginsburg
	 	 	Name:  Ira Ginsburg
	 	 	Title:  Managing Director
	 	 	 
	 	CIFC Funding 2015-V, Ltd.,
	 	By: CIFC Asset Management LLC, its Collateral Manager
	 	 	 
	 	By	/s/ Ira Ginsburg
	 	 	Name:  Ira Ginsburg
	 	 	Title:  Managing Director

 

    	 	 	 

     

    

 

	 	CIFC Funding 2016-I, Ltd.,
	 	By: CIFC Asset Management LLC, its Collateral Manager
	 	 	 
	 	By	/s/ Ira Ginsburg
	 	 	Name:  Ira Ginsburg
	 	 	Title:  Managing Director
	 	 	 
	 	CIFC Funding 2017-I, Ltd.,
	 	By: CIFC Asset Management LLC, its Collateral Manager
	 	 	 
	 	By	/s/ Ira Ginsburg
	 	 	Name:  Ira Ginsburg
	 	 	Title:  Managing Director
	 	 	 
	 	CIFC Funding 2017-II, Ltd.,
	 	By: CIFC CLO Management LLC, its Collateral Manager
	 	 	 
	 	By	/s/ Ira Ginsburg
	 	 	Name:  Ira Ginsburg
	 	 	Title:  Managing Director
	 	 	 
	 	CIFC Funding 2017-III, Ltd.,
	 	By: CIFC Asset Management LLC, its Collateral Manager
	 	 	 
	 	By	/s/ Ira Ginsburg
	 	 	Name:  Ira Ginsburg
	 	 	Title:  Managing Director
	 	 	 
	 	CIFC Funding 2017-IV, Ltd.,
	 	By: CIFC CLO Management LLC, its Collateral
	 	Manager, by and on behalf of each of its series, Series
	 	M-1, Series O-1 and Series R-1
	 	 	 
	 	By	/s/ Ira Ginsburg
	 	 	Name:  Ira Ginsburg
	 	 	Title:  Managing Director

 

    	 	 	 

     

    

 

	 	CIFC Funding 2017-V, Ltd.,
	 	By: CIFC CLO MANAGEMENT II LLC, as Collateral Manager
	 	By and on behalf of each of its series, SERIES M-1,
	 	SERIES O-1, and SERIES R-1
	 	 	 
	 	By	/s/ Ira Ginsburg
	 	 	Name:  Ira Ginsburg
	 	 	Title:  Managing Director
	 	 	 
	 	CIFC Funding 2018-I, Ltd.,
	 	By: CIFC CLO MANAGEMENT II LLC, as Collateral Manager 
	 	By and on behalf of each of its series, SERIES M-1,
	 	SERIES O-1, and SERIES R-1
	 	 	 
	 	By	/s/ Ira Ginsburg
	 	 	Name:  Ira Ginsburg
	 	 	Title:  Managing Director
	 	 	 
	 	CIFC Funding 2018-II, Ltd.,
	 	By: CIFC CLO Management II LLC, its Collateral
	 	Manager, by and on behalf of each of its series, Series M-1, Series O-1 and Series R-1
	 	 	 
	 	By	/s/ Ira Ginsburg
	 	 	Name:  Ira Ginsburg
	 	 	Title:  Managing Director
	 	 	 
	 	CIFC Funding 2018-III, Ltd.
	 	 	 
	 	By	/s/ Ira Ginsburg
	 	 	Name:  Ira Ginsburg
	 	 	Title:  Managing Director
	 	 	 
	 	CIFC Funding 2018-IV, Ltd.,
	 	By: CIFC CLO Management II LLC, as Collateral Manager
	 	By and on behalf of each of its series, SERIES M-1, SERIES O-1, and SERIES R-1
	 	 	 
	 	By	/s/ Ira Ginsburg
	 	 	Name:  Ira Ginsburg
	 	 	Title:  Managing Director

 

    	 	 	 

     

    

 

	 	CIFC Loan Opportunity Fund II, Ltd.,
	 	By: CIFC Asset Management LLC, its Collateral Manager
	 	 	 
	 	By	/s/ Ira Ginsburg
	 	 	Name:  Ira Ginsburg
	 	 	Title:  Managing Director
	 	 	 
	 	Blue Mountain Credit Alternatives Master Fund L.P.
	 	By: BlueMountain Capital Management, LLC, its investment manager
	 	 	 
	 	By	/s/ David M. O’Mara
	 	 	Name:  David M. O’Mara
	 	 	Title:  Deputy General Counsel
	 	 	 
	 	BlueMountain Kicking Horse Fund L.P.
	 	By: BlueMountain Capital Management, LLC, its
	 	investment manager
	 	 	 
	 	By	/s/ David M. O’Mara
	 	 	Name:  David M. O’Mara
	 	 	Title:  Deputy General Counsel
	 	 	 
	 	BlueMountain Logan Opportunities Master Fund L.P.
	 	By: BlueMountain Capital Management, LLC, its investment manager
	 	 	 
	 	By	/s/ David M. O’Mara
	 	 	Name:  David M. O’Mara
	 	 	Title:  Deputy General Counsel
	 	 	 
	 	BlueMountain CLO XXII Ltd.
	 	By: BlueMountain Capital Management, LLC, its portfolio manager
	 	 	 
	 	By	/s/ David M. O’Mara
	 	 	Name:  David M. O’Mara
	 	 	Title:  Deputy General Counsel

 

    	 	 	 

     

    

 

	 	BlueMountain CLO 2012-2 Ltd.
	 	By: BlueMountain Capital Management, LLC, its portfolio manager
	 	 	 
	 	By	/s/ David M. O’Mara
	 	 	Name:  David M. O’Mara
	 	 	Title:  Deputy General Counsel
	 	 	 
	 	BlueMountain CLO 2013-1 Ltd.
	 	By: BlueMountain CLO Management, LLC, its portfolio manager
	 	 	 
	 	By	/s/ David M. O’Mara
	 	 	Name:  David M. O’Mara
	 	 	Title:  Deputy General Counsel
	 	 	 
	 	BlueMountain CLO 2014-2 Ltd.
	 	By: BlueMountain Capital Management, LLC, its portfolio manager
	 	 	 
	 	By	/s/ David M. O’Mara
	 	 	Name:  David M. O’Mara
	 	 	Title:  Deputy General Counsel
	 	 	 
	 	BlueMountain Fuji US CLO I Ltd.
	 	By: BlueMountain Fuji Management, LLC, its portfolio manager
	 	 	 
	 	By	/s/ David M. O’Mara
	 	 	Name:  David M. O’Mara
	 	 	Title:  Secretary and Counsel
	 	 	 
	 	BlueMountain Fuji US CLO II Ltd.
	 	By: BlueMountain Fuji Management, LLC, its portfolio manager
	 	 	 
	 	By	/s/ David M. O’Mara
	 	 	Name:  David M. O’Mara
	 	 	Title:  Secretary and Counsel

 

    	 	 	 

     

    

 

	 	BlueMountain Fuji US CLO III Ltd.
	 	By: BlueMountain Fuji Management, LLC, its portfolio manager
	 	 	 
	 	By	/s/ David M. O’Mara
	 	 	Name:  David M. O’Mara
	 	 	Title:  Secretary and Counsel
	 	 	 
	 	Whitebox Relative Value Partners, L.P.
	 	By: Whitebox Advisors LLC its investment manager
	 	 	 
	 	By	/s/ Mark Strefling
	 	 	Name:  Mark Strefling
	 	 	Title:  Chief Executive Officer and General Counsel
	 	 	 
	 	Whitebox Multi-Strategy Partners, L.P.
	 	By: Whitebox Advisors LLC its investment manager
	 	 	 
	 	By	/s/ Mark Strefling
	 	 	Name:  Mark Strefling
	 	 	Title:  Chief Executive Officer and General Counsel
	 	 	 
	 	Stonehill Institutional Partners, L.P.
	 	By: Stonehill Capital Management LLC
	 	Its Investment Adviser
	 	 	 
	 	By	/s/ Michael Stern
	 	 	Name:  Michael Stern
	 	 	Title:  Partner
	 	 	 
	 	Stonehill Master Fund Limited
	 	By: Stonehill Capital Management LLC
	 	Its Investment Adviser
	 	 	 
	 	By	/s/ Michael Stern
	 	 	Name:  Michael Stern
	 	 	Title:  Partner
	 	 	 
	 	CALIFORNIA STATE TEACHERS’ RETIREMENT SYSTEM
	 	By: Credit Suisse Asset Management, LLC, as investment manager
	 	 	 
	 	By	/s/ Thomas Flannery
	 	 	Name:  Thomas Flannery
	 	 	Title:  Managing Director

 

    	 	 	 

     

    

 

	 	THE CITY OF NEW YORK GROUP TRUST
	 	By: Credit Suisse Asset Management, LLC, as its manager
	 	 	 
	 	By	/s/ Thomas Flannery
	 	 	Name:  Thomas Flannery
	 	 	Title:  Managing Director
	 	 	 
	 	CREDIT SUISSE NOVA (LUX)
	 	By: Credit Suisse Asset Management, LLC, or Credit Suisse Asset Management Limited, each as Co-Investment Adviser to Credit Suisse Fund Management S.A., management company for Credit Suisse Nova (Lux)
	 	 	 
	 	By	/s/ Thomas Flannery
	 	 	Name:  Thomas Flannery
	 	 	Title:  Managing Director
	 	 	 
	 	MADISON PARK FUNDING X, LTD.
	 	By: Credit Suisse Asset Management, LLC, as portfolio manager
	 	 	 
	 	By	/s/ Thomas Flannery
	 	 	Name:  Thomas Flannery
	 	 	Title:  Managing Director
	 	 	 
	 	MADISON PARK FUNDING XI, LTD.
	 	By: Credit Suisse Asset Management, LLC, as portfolio manager
	 	 	 
	 	By	/s/ Thomas Flannery
	 	 	Name:  Thomas Flannery
	 	 	Title:  Managing Director
	 	 	 
	 	MADISON PARK FUNDING XII, LTD.
	 	By: Credit Suisse Asset Management, LLC, as portfolio manager
	 	 	 
	 	By	/s/ Thomas Flannery
	 	 	Name:  Thomas Flannery
	 	 	Title:  Managing Director

 

    	 	 	 

     

    

 

	 	MADISON PARK FUNDING XIII, LTD.
	 	By: Credit Suisse Asset Management, LLC, as portfolio manager
	 	 	 
	 	By	/s/ Thomas Flannery
	 	 	Name:  Thomas Flannery
	 	 	Title:  Managing Director
	 	 	 
	 	MADISON PARK FUNDING XIV, LTD.
	 	By: Credit Suisse Asset Management, LLC, as portfolio manager
	 	 	 
	 	By	/s/ Thomas Flannery
	 	 	Name:  Thomas Flannery
	 	 	Title:  Managing Director
	 	 	 
	 	MADISON PARK FUNDING XV, LTD.
	 	By: Credit Suisse Asset Management, LLC, as portfolio manager
	 	 	 
	 	By	/s/ Thomas Flannery
	 	 	Name:  Thomas Flannery
	 	 	Title:  Managing Director
	 	 	 
	 	MADISON PARK FUNDING XVII, LTD.
	 	By: Credit Suisse Asset Management, LLC, as portfolio manager
	 	 	 
	 	By	/s/ Thomas Flannery
	 	 	Name:  Thomas Flannery
	 	 	Title:  Managing Director
	 	 	 
	 	MADISON PARK FUNDING XIX, LTD.
	 	By: Credit Suisse Asset Management, LLC, as collateral manager
	 	 	 
	 	By	/s/ Thomas Flannery
	 	 	Name:  Thomas Flannery
	 	 	Title:  Managing Director

 

    	 	 	 

     

    

 

	 	MADISON PARK FUNDING XL, LTD.
	 	By: Credit Suisse Asset Management, LLC, as portfolio manager
	 	 	 
	 	By	/s/ Thomas Flannery
	 	 	Name:  Thomas Flannery
	 	 	Title:  Managing Director
	 	 	 
	 	MADISON PARK FUNDING XLI, LTD.
	 	By: Credit Suisse Asset Management, LLC, as portfolio manager
	 	 	 
	 	By	/s/ Thomas Flannery
	 	 	Name:  Thomas Flannery
	 	 	Title:  Managing Director
	 	 	 
	 	MADISON PARK FUNDING XLIII, LTD.
	 	By: Credit Suisse Asset Management, LLC, as portfolio manager
	 	 	 
	 	By	/s/ Thomas Flannery
	 	 	Name:  Thomas Flannery
	 	 	Title:  Managing Director
	 	 	 
	 	ONE ELEVEN FUNDING I, LTD.
	 	By: Credit Suisse Asset Management, LLC, as portfolio manager
	 	 	 
	 	By	/s/ Thomas Flannery
	 	 	Name:  Thomas Flannery
	 	 	Title:  Managing Director
	 	 	 
	 	ONE ELEVEN FUNDING II, LTD.
	 	By: Credit Suisse Asset Management, LLC, as portfolio manager
	 	 	 
	 	By	/s/ Thomas Flannery
	 	 	Name:  Thomas Flannery
	 	 	Title:  Managing Director

 

    	 	 	 

     

    

 

	 	DOLLAR SENIOR LOAN FUND, LTD.
	 	By: Credit Suisse Asset Management, LLC, as investment manager
	 	 	 
	 	By	/s/ Thomas Flannery
	 	 	Name:  Thomas Flannery
	 	 	Title:  Managing Director
	 	 	 
	 	DOLLAR SENIOR LOAN MASTER FUND II, LTD.
	 	By: Credit Suisse Asset Management, LLC, as investment manager
	 	 	 
	 	By	/s/ Thomas Flannery
	 	 	Name:  Thomas Flannery
	 	 	Title:  Managing Director
	 	 	 
	 	Bowman Park CLO, Ltd.,
	 	By: GSO/Blackstone Debt Funds Management LLC as Collateral Manager 
	 	 	 
	 	By	/s/ Thomas Iannarone
	 	 	Name:  Thomas Iannarone
	 	 	Title:  Authorized Signatory
	 	 	 
	 	Bristol Park CLO, Ltd,
	 	 	 
	 	By	/s/ Thomas Iannarone
	 	 	Name:  Thomas Iannarone
	 	 	Title:  Authorized Signatory
	 	 	 
	 	Burnham Park CLO, Ltd.,
	 	By: GSO/Blackstone Debt Funds Management LLC as Collateral Manager 
	 	 	 
	 	By	/s/ Thomas Iannarone
	 	 	Name:  Thomas Iannarone
	 	 	Title:  Authorized Signatory
	 	 	 
	 	Buttermilk Park CLO, Ltd.,
	 	By: GSO/Blackstone Debt Funds Management LLC as Collateral Manager 
	 	 	 
	 	By	/s/ Thomas Iannarone
	 	 	Name:  Thomas Iannarone
	 	 	Title:  Authorized Signatory

 

    	 	 	 

     

    

 

	 	Catskill Park CLO, Ltd.,
	 	By: GSO/Blackstone Debt Funds Management LLC as Collateral Manager 
	 	 	 
	 	By	/s/ Thomas Iannarone
	 	 	Name:  Thomas Iannarone
	 	 	Title:  Authorized Signatory
	 	 	 
	 	Chennago Park CLO, Ltd.,
	 	By: GSO/Blackstone Debt Funds Management LLC as Collateral Manager 
	 	 	 
	 	By	/s/ Thomas Iannarone
	 	 	Name:  Thomas Iannarone
	 	 	Title:  Authorized Signatory
	 	 	 
	 	Cole Park CLO, Ltd.,
	 	By: GSO/Blackstone Debt Funds Management LLC as Collateral Manager 
	 	 	 
	 	By	/s/ Thomas Iannarone
	 	 	Name:  Thomas Iannarone
	 	 	Title:  Authorized Signatory
	 	 	 
	 	Cook Park CLO, Ltd.,
	 	By: GSO / Blackstone Debt Funds Management LLC
	 	as Collateral Manager
	 	 	 
	 	By	/s/ Thomas Iannarone
	 	 	Name:  Thomas Iannarone
	 	 	Title:  Authorized Signatory
	 	 	 
	 	Cumberland Park CLO Ltd.,
	 	By: GSO / Blackstone Debt Funds Management LLC
	 	as Collateral Manager
	 	 	 
	 	By	/s/ Thomas Iannarone
	 	 	Name:  Thomas Iannarone
	 	 	Title:  Authorized Signatory

 

    	 	 	 

     

    

 

	 	Dewolf Park CLO, Ltd.,
	 	By: GSO / Blackstone Debt Funds Management LLC
	 	as Collateral Manager
	 	 	 
	 	By	/s/ Thomas Iannarone
	 	 	Name:  Thomas Iannarone
	 	 	Title:  Authorized Signatory
	 	 	 
	 	Dorchester Park CLO Designated Activity Company,
	 	By: GSO / Blackstone Debt Funds Management LLC
	 	as Collateral Manager
	 	 	 
	 	By	/s/ Thomas Iannarone
	 	 	Name:  Thomas Iannarone
	 	 	Title:  Authorized Signatory
	 	 	 
	 	Emerson Park CLO Ltd.,
	 	BY: GSO / Blackstone Debt Funds Management LLC
	 	as Collateral Manager
	 	 	 
	 	By	/s/ Thomas Iannarone
	 	 	Name:  Thomas Iannarone
	 	 	Title:  Authorized Signatory
	 	 	 
	 	GILBERT PARK CLO, LTD.,
	 	By: GSO / Blackstone Debt Funds Management LLC as Collateral Manager
	 	 	 
	 	By	/s/ Thomas Iannarone
	 	 	Name:  Thomas Iannarone
	 	 	Title:  Authorized Signatory
	 	 	 
	 	Greenwood Park CLO Ltd.,
	 	By: GSO / Blackstone Debt Funds Management LLC
	 	as Collateral Manager
	 	 	 
	 	By	/s/ Thomas Iannarone
	 	 	Name:  Thomas Iannarone
	 	 	Title:  Authorized Signatory

 

    	 	 	 

     

    

 

	 	Grippen Park CLO, Ltd.,
	 	By: GSO / Blackstone Debt Funds Management LLC
	 	as Collateral Manager to Warehouse Parent, Ltd.
	 	 	 
	 	By	/s/ Thomas Iannarone
	 	 	Name:  Thomas Iannarone
	 	 	Title:  Authorized Signatory
	 	 	 
	 	Jay Park CLO Ltd.,
	 	By: Virus Partners LLC
	 	as Collateral Administrator
	 	 
	 	By	/s/ Thomas Iannarone
	 	 	Name:  Thomas Iannarone
	 	 	Title:  Authorized Signatory
	 	 	 
	 	Myers Park CLO, Ltd.,
	 	By: GSO / Blackstone Debt Funds Management LLC
	 	as Collateral Manager
	 	 	 
	 	By	/s/ Thomas Iannarone
	 	 	Name:  Thomas Iannarone
	 	 	Title:  Authorized Signatory
	 	 	 
	 	Seneca Park CLO, Ltd.,
	 	By: GSO / Blackstone Debt Funds Management LLC
	 	as Collateral Manager
	 	 	 
	 	By	/s/ Thomas Iannarone
	 	 	Name:  Thomas Iannarone
	 	 	Title:  Authorized Signatory
	 	 	 
	 	Stewart Park CLO, Ltd.,
	 	By: GSO / Blackstone Debt Funds Management LLC
	 	as Collateral Manager
	 	 	 
	 	By	/s/ Thomas Iannarone
	 	 	Name:  Thomas Iannarone
	 	 	Title:  Authorized Signatory

 

    	 	 	 

     

    

 

	 	Thacher Park CLO, Ltd.,
	 	BY: GSO / Blackstone Debt Funds Management LLC
	 	as Collateral Manager
	 	 	 
	 	By	/s/ Thomas Iannarone
	 	 	Name:  Thomas Iannarone
	 	 	Title:  Authorized Signatory
	 	 	 
	 	Thayer Park CLO Ltd.,
	 	By: GSO / Blackstone Debt Funds Management LLC
	 	as Collateral Manager
	 	 	 
	 	By	/s/ Thomas Iannarone
	 	 	Name:  Thomas Iannarone
	 	 	Title:  Authorized Signatory
	 	 	 
	 	Treman Park CLO, Ltd.,
	 	BY: GSO / Blackstone Debt Funds Management LLC
	 	as Collateral Manager
	 	 	 
	 	By	/s/ Thomas Iannarone
	 	 	Name:  Thomas Iannarone
	 	 	Title:  Authorized Signatory
	 	 	 
	 	Tryon Park CLO Ltd.,
	 	BY: GSO / Blackstone Debt Funds Management LLC
	 	as Collateral Manager
	 	 	 
	 	By	/s/ Thomas Iannarone
	 	 	Name:  Thomas Iannarone
	 	 	Title:  Authorized Signatory

 

    	 	 	 

     

    

 

	 	 	 
	 	Webster Park CLO, Ltd,
	 	By: GSO / Blackstone Debt Funds Management LLC
	 	as Collateral Manager
	 	 	 
	 	By	/s/ Thomas Iannarone
	 	 	Name:  Thomas Iannarone
	 	 	Title:  Authorized Signatory
	 	 	 
	 	Westcott Park CLO, Ltd.,
	 	By: GSO / Blackstone Debt Funds Management LLC
	 	as Collateral Manager to Warehouse Parent, Ltd.
	 	 	 
	 	By	/s/ Thomas Iannarone
	 	 	Name:  Thomas Iannarone
	 	 	Title:  Authorized Signatory
	 	 	 
	 	Western Asset Management Company, LLC, as 
	 	investment manager on behalf of certain of its
	 	managed accounts and/or funds
	 	 	 
	 	By	/s/ Adam Wright
	 	 	Name:  Adam Wright
	 	 	Title:  Manager, U.S. Legal Affairs
	 	 	 
	 	Carlyle Investment Management L.L.C. 
	 	 	 
	 	On behalf of:
	 	 	 
	 	Carlyle C17 CLO, Ltd.
	 	Carlyle Global Market Strategies CLO 2012-3, Ltd.
	 	Carlyle Global Market Strategies CLO 2012-4, Ltd.
	 	Carlyle Global Market Strategies CLO 2013-1, Ltd.
	 	Carlyle Global Market Strategies CLO 2013-2, Ltd.
	 	Carlyle Global Market Strategies CLO 2013-3, Ltd.
	 	Carlyle Global Market Strategies CLO 2013-4, Ltd.
	 	Carlyle Global Market Strategies CLO 2014-2-R, Ltd.
	 	Carlyle Global Market Strategies CLO 2014-3-R, Ltd.
	 	Carlyle Global Market Strategies CLO 2014-4R, Ltd.
	 	Carlyle Global Market Strategies CLO 2015-2, Ltd.
	 	Carlyle Global Market Strategies CLO 2015-3, Ltd.
	 	Carlyle Global Market Strategies CLO 2015-4, Ltd.
	 	Carlyle Global Market Strategies CLO 2015-5, Ltd.
	 	Carlyle Global Market Strategies CLO 2016-1, Ltd.
	 	 	 
	 	By	/s/ Glori Graziano
	 	 	Name:  Glori Graziano
	 	 	Title:  Managing Director

 

    	 	 	 

     

    

 

	 	BlackRock Financial Management, Inc.,
	 	on behalf of funds and accounts listed below:
	 	 	·	55 Loan Strategy Fund
    Series 2 A Series Trust of Multi Manager Global Investment Trust
	 	 	· 	55 Loan Strategy Fund Series 3 A Series Trust of MultiManager Global Investment Trust
	 	 	· 	55 Loan Strategy Fund Series 4 a Series Trust of Multi Manager Global Investment Trust
	 	 	· 	ABR Reinsurance LTD.
	 	 	· 	BlackRock Global Investment Series: Income Strategies Portfolio
	 	 	· 	BR US Leveraged Loan Fund a Series Trust of MYL Global Investment Trust
	 	 	· 	Fixed Income Opportunities Nero, LLC
	 	 	· 	JPMBI re BlackRock BankLoan Fund
	 	 	· 	Magnetite IX, Limited
	 	 	· 	Magnetite VII, Limited
	 	 	· 	Magnetite VIII, Limited
	 	 	· 	Magnetite XI, Limited
	 	 	· 	Magnetite XII, LTD.
	 	 	· 	Magnetite XIV-R, Limited
	 	 	·	Magnetite XIX, Limited
	 	 	· 	Magnetite XV, Limited
	 	 	· 	Magnetite XVI, Limited
	 	 	· 	Magnetite XVII, Limited
	 	 	· 	Magnetite XVIII, Limited
	 	 	· 	Magnetite XX, Limited
	 	 	· 	NC GARNET FUND, L.P.
	 	 	· 	US OPPORTUNISTIC FLOATING RATE INCOME MASTER FUND LIMITED
	 	 	 
	 	By	/s/ AnnMarie Smith
	 	 	Name:  AnnMarie Smith
	 	 	Title:  Authorized Signatory

 

    	 	 	 

     

    

 

	 	BlackRock Institutional Trust Company,
	 	N.A., on behalf of funds and accounts
	 	listed below:
	 	 	·	iShares Short Duration
    High Income ETF (CAD-Hedged)
	 	 	 
	 	By	/s/ AnnMarie Smith
	 	 	Name:  AnnMarie Smith
	 	 	Title:  Authorized Signatory
	 	 	 
	 	BlackRock Advisors, LLC, on behalf of 
	 	funds and accounts listed below:
	 	 	· 	BlackRock Credit Strategies Income Fund of BlackRock Funds V
	 	 	· 	BlackRock Debt Strategies Fund, Inc.
	 	 	· 	BlackRock Floating Rate Income Portfolio of BlackRock Funds V
	 	 	· 	BlackRock Floating Rate Income Strategies Fund, Inc.
	 	 	· 	BlackRock Floating Rate Income Trust
	 	 	· 	BlackRock Limited Duration Income Trust
	 	 	· 	BlackRock Multi-Asset Income Portfolio of BlackRock Funds II

 

	 	By	/s/ AnnMarie Smith
	 	 	Name:  AnnMarie Smith
	 	 	Title:  Authorized Signatory
	 	 	 
	 	BlackRock Investment Management, 
	 	LLC, on behalf of funds and accounts 
	 	listed below:
	 	 	·	BlackRock Senior Floating
    Rate Portfolio
	 	 	 
	 	By	/s/ AnnMarie Smith
	 	 	Name:  AnnMarie Smith
	 	 	Title:  Authorized Signatory
	 	 	 
	 	Crown Point CLO 5 Ltd.
	 	By Pretium Credit Management
	 	LLC as Collateral Manager
	 	 	 
	 	By	/s/ Todd Murray
	 	 	Name:  Todd Murray
	 	 	Title:  Authorized Signatory

 

    	 	 	 

     

    

 

	 	Crown Point CLO 6 Ltd.
	 	By Pretium Credit Management
	 	LLC as Collateral Manager
	 	 	 
	 	By	/s/ Todd Murray
	 	 	Name:  Todd Murray
	 	 	Title:  Authorized Signatory
	 	 	 
	 	ALM VII, Ltd.,
	 	BY:  Apollo Credit Management (CLO), LLC,
	 	as Collateral Manager
	 	 	 
	 	By	/s/ Connie Yen
	 	 	Name:  Connie Yen
	 	 	Title:  Vice President
	 	 	 
	 	ALM VIII, Ltd.,
	 	BY:  Apollo Credit Management (CLO), LLC,
	 	as Collateral Manager
	 	 	 
	 	By	/s/ Connie Yen
	 	 	Name:  Connie Yen
	 	 	Title:  Vice President
	 	 	 
	 	ALM XII, Ltd.,
	 	BY:  Apollo Credit Management (CLO), LLC,
	 	as Collateral Manager
	 	 	 
	 	By	/s/ Connie Yen
	 	 	Name:  Connie Yen
	 	 	Title:  Vice President
	 	 	 
	 	ALM XIX, LTD.,
	 	by Apollo Credit Management (CLO), LLC,
	 	as its collateral manager
	 	 	 
	 	By	/s/ Connie Yen
	 	 	Name:  Connie Yen
	 	 	Title:  Vice President

 

    	 	 	 

     

    

 

	 	ALM XVII, Ltd.,
	 	by Apollo Credit Management (CLO), LLC,
	 	as its collateral manager
	 	 	 
	 	By	/s/ Connie Yen
	 	 	Name:  Connie Yen
	 	 	Title:  Vice President
	 	 	 
	 	BLANFORD CAPITAL COMPANY #1, LLC
	 	 	 
	 	By	/s/ Carey D. Fear
	 	 	Name:  Carey D. Fear
	 	 	Title:  Manager
	 	 	 
	 	Canoe Strategic High Yield Fund,
	 	By:  AEGON USA Investment Management, LLC,
	 	as its Portfolio Manager
	 	 	 
	 	By	/s/ Krystle Walker
	 	 	Name:  Krystle Walker
	 	 	Title:  Associate Director – Settlements
	 	 	 
	 	Cedar Funding II CLO Ltd,
	 	 	 
	 	By	/s/ Krystle Walker
	 	 	Name:  Krystle Walker
	 	 	Title:  Associate Director – Settlements
	 	 	 
	 	Cedar Funding IV CLO, Ltd.,
	 	 	 
	 	By	/s/ Krystle Walker
	 	 	Name:  Krystle Walker
	 	 	Title:  Associate Director – Settlements
	 	 	 
	 	Cedar Funding VIII CLO, Ltd.,
	 	By:  AEGON USA Investment Manager, LLC,
	 	as its Portfolio Manager
	 	 	 
	 	By	/s/ Krystle Walker
	 	 	Name:  Krystle Walker
	 	 	Title:  Associate Director – Settlements
	 	 	 
	 	Cutwater 2014-I, Ltd.
	 	 	 
	 	By	/s/ Joe Nelson
	 	 	Name:  Joe Nelson
	 	 	Title:  Authorized Signatory

 

    	 	 	 

     

    

 

	 	Cutwater 2014-II, Ltd.
	 	 	 
	 	By	/s/ Joe Nelson
	 	 	Name:  Joe Nelson
	 	 	Title:  Authorized Signatory
	 	 	 
	 	Cutwater 2015-I, Ltd.
	 	 	 
	 	By	/s/ Joe Nelson
	 	 	Name:  Joe Nelson
	 	 	Title:  Authorized Signatory
	 	 	 
	 	JPMORGAN CHASE BANK, N.A.
	 	 	 
	 	By	/s/ Phillip Gerabadian
	 	 	Name:  Phillip Gerabadian
	 	 	Title:  Vice President
	 	 	 
	 	LOOMIS SAYLES CLO II, LTD.,
	 	As Lender
	 	 	 
	 	By:	Loomis, Sayles & Company, L.P.,
	 	 	Its Collateral Manager
	 	 	 
	 	By:	Loomis, Sayles & Company, Incorporated,
	 	 	Its General Partner
	 	 	 
	 	By	/s/ Mary McCarthy
	 	 	Name:  Mary McCarthy
	 	 	Title:  Vice President
	 	 	 
	 	LOOMIS SAYLES SENIOR
	 	FLOATING RATE & FIXED INCOME FUND,
	 	As Lender
	 	 	 
	 	By:	Loomis, Sayles & Company, L.P.,
	 	 	Its Investment Manager
	 	 	 
	 	By:	Loomis, Sayles & Company, Incorporated,
	 	 	Its General Partner
	 	 	 
	 	By	/s/ Mary McCarthy
	 	 	Name:  Mary McCarthy
	 	 	Title:  Vice President

 

    	 	 	 

     

    

 

	 	NHIT: SENIOR FLOATING RATE AND
	 	FIXED INCOME TRUST,
	 	As Lender
	 	 	 
	 	By:	Loomis Sayles Trust Company, LLC
	 	 	As Trustee
	 	 	 
	 	By	/s/ Mary McCarthy
	 	 	Name:  Mary McCarthy
	 	 	Title:  Vice President
	 	 	 
	 	WM POOL – HIGH YIELD FIXED INTEREST TRUST,
	 	As Lender
	 	 	 
	 	By:	Loomis, Sayles & Company, L.P.,
	 	 	Its Investment Manager
	 	 	 
	 	By:	Loomis, Sayles & Company, Incorporated,
	 	 	Its General Partner
	 	 	 
	 	By	/s/ Mary McCarthy
	 	 	Name:  Mary McCarthy
	 	 	Title:  Vice President
	 	 	 
	 	VENTURE XII CLO, Limited,
	 	BY:  its investment advisor
	 	MJX Venture Management LLC
	 	 	 
	 	By	/s/ Frederick Taylor
	 	 	Name:  Frederick Taylor
	 	 	Title:  Managing Director
	 	 	 
	 	VENTURE XIV CLO, Limited,
	 	BY:  its investment advisor
	 	MJX Venture Management LLC
	 	 	 
	 	By	/s/ Frederick Taylor
	 	 	Name:  Frederick Taylor
	 	 	Title:  Managing Director

 

    	 	 	 

     

    

 

	 	VENTURE XVI CLO, Limited,
	 	BY:  its investment advisor
	 	MJX Venture Management II LLC
	 	 	 
	 	By	/s/ Frederick Taylor
	 	 	Name:  Frederick Taylor
	 	 	Title:  Managing Director
	 	 	 
	 	VENTURE XVIII CLO, Limited,
	 	BY:  its investment advisor
	 	MJX Venture Management II LLC
	 	 	 
	 	By	/s/ Frederick Taylor
	 	 	Name:  Frederick Taylor
	 	 	Title:  Managing Director
	 	 	 
	 	VENTURE XXVIII CLO, Limited,
	 	BY:  its investment advisor
	 	MJX Venture Management II LLC
	 	 	 
	 	By	/s/ Frederick Taylor
	 	 	Name:  Frederick Taylor
	 	 	Title:  Managing Director
	 	 	 
	 	TICP CLO I-2, Ltd.,
	 	By:  TICP CLO I Management, LLC, its
	 	Collateral Manager, as a Lender
	 	 	 
	 	By	/s/ Daniel Wanek
	 	 	Name:  Daniel Wanek
	 	 	Title:  Vice President
	 	 	 
	 	TICP CLO II-2, Ltd.,
	 	By:  TICP CLO II Management, LLC, its
	 	Collateral Manager, as a Lender
	 	 	 
	 	By	/s/ Daniel Wanek
	 	 	Name:  Daniel Wanek
	 	 	Title:  Vice President
	 	 	 
	 	TICP CLO III-2, Ltd.,
	 	By:  TICP CLO III Management, LLC, its
	 	Collateral Manager, as a Lender
	 	 	 
	 	By	/s/ Daniel Wanek
	 	 	Name:  Daniel Wanek
	 	 	Title:  Vice President

 

    	 	 	 

     

    

 

	 	TICP CLO IV, Ltd.,
	 	By:  TICP CLO IV Management, LLC, its
	 	Collateral Manager, as a Lender
	 	 
	 	By	/s/ Daniel Wanek
	 	 	Name:  Daniel Wanek
	 	 	Title:  Vice President
	 	 	 
	 	TICP CLO VI 2016-2, Ltd.,
	 	By:  TICP CLO VI 2016-2 Management,
	 	LLC, its Collateral Manager, as a Lender
	 	 	 
	 	By	/s/ Daniel Wanek
	 	 	Name:  Daniel Wanek
	 	 	Title:  Vice President
	 	 	 
	 	TICP CLO VII, Ltd.,
	 	By:  TICP CLO VII Management, LLC, its
	 	Collateral Manager, as a Lender
	 	 	 
	 	By	/s/ Daniel Wanek
	 	 	Name:  Daniel Wanek
	 	 	Title:  Vice President
	 	 	 
	 	Transamerica Floating Rate,
	 	 	 
	 	By	/s/ Krystle Walker
	 	 	Name:  Krystle Walker
	 	 	Title:  Associate Director – Settlements
	 	 	 
	 	Venture 31 CLO, Limited,
	 	By:  its investment advisor
	 	MJX Venture Management III LLC
	 	 	 
	 	By	/s/ Frederick Taylor
	 	 	Name:  Frederick Taylor
	 	 	Title:  Managing Director

 

    	 	 	 

     

    

 

	 	Voya CLO 2012-4, Ltd.,
	 	BY:	Voya Alternative Asset Management LLC, as
	 	 	its investment manager
	 	 	 
	 	By	/s/ Stan Zou
	 	 	Name:  Stan Zou
	 	 	Title:  Vice President
	 	 	 
	 	Voya CLO 2013-1, Ltd.,
	 	BY:	Voya Alternative Asset Management LLC, as
	 	 	its investment manager
	 	 	 
	 	By	/s/ Stan Zou
	 	 	Name:  Stan Zou
	 	 	Title:  Vice President
	 	 	 
	 	Voya CLO 2013-2, Ltd.,
	 	BY:	Voya Alternative Asset Management LLC, as
	 	 	its investment manager
	 	 	 
	 	By	/s/ Stan Zou
	 	 	Name:  Stan Zou
	 	 	Title:  Vice President
	 	 	 
	 	Voya CLO 2014-1, Ltd.,
	 	BY:	Voya Alternative Asset Management LLC, as
	 	 	its investment manager
	 	 	 
	 	By	/s/ Stan Zou
	 	 	Name:  Stan Zou
	 	 	Title:  Vice President
	 	 	 
	 	Voya CLO 2014-2, Ltd.,
	 	BY:	Voya Alternative Asset Management LLC, as
	 	 	its investment manager
	 	 	 
	 	By	/s/ Stan Zou
	 	 	Name:  Stan Zou
	 	 	Title:  Vice President
	 	 	 
	 	Voya CLO 2014-3, Ltd.,
	 	BY:	Voya Alternative Asset Management LLC, as
	 	 	its investment manager
	 	 	 
	 	By	/s/ Stan Zou
	 	 	Name:  Stan Zou
	 	 	Title:  Vice President

 

    	 	 	 

     

    

 

	 	Voya CLO 2014-4, Ltd.,
	 	BY:	Voya Alternative Asset Management LLC, as
	 	 	its investment manager
	 	 	 
	 	By	/s/ Stan Zou
	 	 	Name:  Stan Zou
	 	 	Title:  Vice President
	 	 	 
	 	Voya CLO 2015-1, Ltd.,
	 	By:	Voya Alternative Asset Management LLC, as
	 	 	its investment manager
	 	 	 
	 	By	/s/ Stan Zou
	 	 	Name:  Stan Zou
	 	 	Title:  Vice President
	 	 	 
	 	Voya CLO 2015-2, Ltd.,
	 	By:	Voya Alternative Asset Management LLC,
	 	 	as its investment manager
	 	 	 
	 	By	/s/ Stan Zou
	 	 	Name:  Stan Zou
	 	 	Title:  Vice President
	 	 	 
	 	Voya CLO 2015-3, Ltd.,
	 	By:	Voya Alternative Asset Management LLC,
	 	 	as its investment manager
	 	 	 
	 	By	/s/ Stan Zou
	 	 	Name:  Stan Zou
	 	 	Title:  Vice President
	 	 	 
	 	Voya CLO 2016-1, Ltd.,
	 	By:	Voya Alternative Asset Management LLC,
	 	 	as its investment manager
	 	 	 
	 	By	/s/ Stan Zou
	 	 	Name:  Stan Zou
	 	 	Title:  Vice President

 

    	 	 	 

     

    

 

	 	Voya CLO 2016-2, Ltd.,
	 	By:	Voya Alternative Asset Management LLC, as
	 	 	its investment manager
	 	 	 
	 	By	/s/ Stan Zou
	 	 	Name:  Stan Zou
	 	 	Title:  Vice President
	 	 	 
	 	Voya CLO 2016-3, Ltd.,
	 	By:	Voya Alternative Asset Management LLC,
	 	 	as its investment manager
	 	 	 
	 	By	/s/ Stan Zou
	 	 	Name:  Stan Zou
	 	 	Title:  Vice President
	 	 	 
	 	Voya CLO 2017-2, Ltd.,
	 	By:	Voya Alternative Asset Management LLC,
	 	 	as its investment manager
	 	 	 
	 	By	/s/ Stan Zou
	 	 	Name:  Stan Zou
	 	 	Title:  Vice President
	 	 	 
	 	Voya CLO 2017-3, Ltd.,
	 	By:	Voya Alternative Asset Management LLC,
	 	 	as its investment manager
	 	 	 
	 	By	/s/ Stan Zou
	 	 	Name:  Stan Zou
	 	 	Title:  Vice President
	 	 	 
	 	Voya CLO 2017-4, Ltd.,
	 	By:	Voya Alternative Asset Management LLC,
	 	 	as its investment manager
	 	 	 
	 	By	/s/ Stan Zou
	 	 	Name:  Stan Zou
	 	 	Title:  Vice President

 

    	 	 	 

     

    

 

Exhibit A

Ad Hoc Group

 

		1.	Eaton Vance Management

		2.	CIFC Asset Management

		3.	The Carlyle Group

		4.	Funds, accounts, and other investment vehicles managed, advised, or sub-advised by Credit Suisse Asset Management, LLC

		5.	Certain funds and accounts under management by BlackRock Financial Management, Inc. and its affiliates

		6.	Western Asset Management

		7.	GSO Capital Partners

		8.	PineBridge Investments

		9.	Stonehill Capital Management

		10.	BlueMountain Capital Management

11. Whitebox Advisors LLC

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00295-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00295-of-00352.parquet"}]]